Tre s. HJ 10 A2 c.2
COPY No. 2
LIBRARY ROOM 5030
JUN 2 1 1972
TREASURY DEPARTMENT
COPY No.3
BULLETIN OF THE TREASURY DEPARTMENT
SEPTEMBER
1943
Analysis of Receipts and Expenditures
Composition of the Public Debt
Prices and Yields of Government Securities
Other Treasury Statistics
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Bulletin of the Treasury Department, September 1943
Cumulative Table of Contents
<table><tr><th></th><th colspan="10">Issue and page number</th></tr><tr><th></th><th colspan="10">1943</th><th colspan="3">1942</th></tr><tr><th></th><th>Sept.</th><th>Aug.</th><th>July</th><th>June</th><th>May</th><th>Apr.</th><th>Mar.</th><th>Feb.</th><th>Jan.</th><th>Dec.</th><th>Nov.</th><th>Oct.</th></tr><tr><td colspan="13">I. Special articles</td></tr><tr><td>Third War Loan, September 1943: Comparison of features of securities offered. Redemption values and investment yields of United States savings bonds and Treasury savings notes.</td><td></td><td>2-3</td><td>4</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Financial operations of the United States Government during the fiscal year 1943.</td><td></td><td></td><td>2-5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Second War Loan, April 1943: Sales of Series E savings bonds by States. Sales of securities classified by type of investor. Comparison of features of securities offered.</td><td></td><td></td><td></td><td>2</td><td>2-6</td><td>2-3</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War activities budget expenditures, monthly July 1940 through April 1943</td><td></td><td></td><td></td><td>7</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bank deposits: Maps showing deposits by counties, as of December 31, 1942 and increases during 1942. Amounts by Federal Reserve Districts and by States, December 31, 1941 and 1942.</td><td></td><td></td><td></td><td></td><td>4-5</td><td>2-3</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>First War Loan, December 1942, sales of securities classified by type of investor.</td><td></td><td></td><td></td><td>6</td><td></td><td></td><td></td><td>2</td><td></td><td></td><td></td><td></td></tr><tr><td>Dividends received by corporations, individuals, and fiduciaries, 1936.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3-6</td><td></td><td></td><td></td><td></td></tr><tr><td>Estate tax rates and tax liability in the United States, United Kingdom, and Canada.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>7-8</td><td></td><td></td><td></td><td></td></tr><tr><td>Individual income tax rates and tax liability in the United States, United Kingdom, and Canada.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>74-75</td><td></td><td></td><td></td></tr><tr><td>Individual income tax rates in the United States, selected taxable years, 1918-1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>75</td><td></td><td></td><td></td></tr><tr><td colspan="13">II. Summary of fiscal statistics</td></tr><tr><td>Budget receipts and expenditures.</td><td>2</td><td>6</td><td>8</td><td>4</td><td>9</td><td>7</td><td>5</td><td>2</td><td>10</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Public debt and guaranteed obligations outstanding.</td><td>3</td><td>7</td><td>9</td><td>5</td><td>10</td><td>8</td><td>6</td><td>3</td><td>11</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Means of financing cash requirements.</td><td>3</td><td>7</td><td>9</td><td>5</td><td>10</td><td>8</td><td>6</td><td>3</td><td>11</td><td>3</td><td>3</td><td>3</td></tr><tr><td colspan="13">III. Receipts and expenditures and appropriations</td></tr><tr><td>Appropriations and net contract authorizations for the war activities program as of month-end preceding month of publication.</td><td>5-6</td><td>9-10</td><td>11-12</td><td>7-8</td><td>12-13</td><td>10-11</td><td>7-9</td><td>5-6</td><td>13-14</td><td>5-6</td><td>5-6</td><td>5-6</td></tr><tr><td>Budget receipts and expenditures: Summary by major classifications.</td><td>7</td><td>11</td><td>13</td><td>9</td><td>14</td><td>12</td><td>10</td><td>7</td><td>15</td><td>7</td><td>7</td><td>7</td></tr><tr><td>Analysis of receipts from internal revenue.</td><td>7</td><td>11</td><td>13</td><td>9</td><td>14</td><td>12</td><td>10</td><td>7</td><td>15</td><td>7</td><td>7</td><td>7</td></tr><tr><td>Analysis of general expenditures.</td><td>8</td><td>12</td><td>14</td><td>10</td><td>15</td><td>13</td><td>11</td><td>8</td><td>16</td><td>8</td><td>8</td><td>8</td></tr><tr><td>Analysis of expenditures for war activities.</td><td>9</td><td>12</td><td>14</td><td>10</td><td>15</td><td>13</td><td>11</td><td>8</td><td>16</td><td>8</td><td>8</td><td>8</td></tr><tr><td>Analysis of expenditures for war activities, monthly July 1940 through April 1943.</td><td></td><td></td><td></td><td></td><td>7</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Analysis of expenditures for (1) revolving funds and (2) transfers to trust accounts, etc.</td><td>9</td><td>13</td><td>15</td><td>11</td><td>16</td><td>14</td><td>12</td><td>9</td><td>17</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Total budget receipts and expenditures, by months, for recent years.</td><td>10-11</td><td>13-14</td><td>15-16</td><td>11-12</td><td>16-17</td><td>14-15</td><td>12-13</td><td>9-10</td><td>17-18</td><td>9-10</td><td>9-10</td><td>9-10</td></tr><tr><td>Receipts and expenditures for trust accounts, increment on gold, etc.</td><td>12</td><td>15</td><td>17</td><td>13</td><td>18</td><td>16</td><td>14</td><td>11</td><td>19</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Means of financing cash requirements beginning 1933.</td><td>13</td><td>16</td><td>18</td><td>14</td><td>19</td><td>17</td><td>15</td><td>12</td><td>20</td><td>12</td><td>12</td><td>12</td></tr><tr><td colspan="13">Social Security program:</td></tr><tr><td>Budget receipts and expenditures: Social Security Act.</td><td>14</td><td>17</td><td>19</td><td>15</td><td>20</td><td>18</td><td>16</td><td>13</td><td>21</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Railroad Retirement Act.</td><td>15</td><td>18</td><td>20</td><td>16</td><td>21</td><td>19</td><td>17</td><td>14</td><td>22</td><td>14</td><td>14</td><td>14</td></tr><tr><td>Railroad Unemployment Insurance Act.</td><td>15</td><td>18</td><td>20</td><td>16</td><td>21</td><td>19</td><td>17</td><td>14</td><td>22</td><td>14</td><td>14</td><td>14</td></tr><tr><td>Statement of trust accounts: Federal Old-Age and Survivors Insurance Trust Fund.</td><td>16</td><td>19</td><td>21</td><td>17</td><td>22</td><td>20</td><td>18</td><td>15</td><td>23</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Railroad Retirement Account.</td><td>16</td><td>19</td><td>21</td><td>17</td><td>22</td><td>20</td><td>18</td><td>15</td><td>23</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Unemployment Trust Fund.</td><td>16</td><td>19</td><td>21</td><td>17</td><td>22</td><td>20</td><td>18</td><td>15</td><td>23</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Cash income and outgo of the Treasury: Analysis by major classifications.</td><td>17</td><td>20</td><td>22</td><td>18</td><td>23</td><td>21</td><td>19</td><td>16</td><td>24</td><td>16</td><td>16</td><td>16</td></tr><tr><td>Total cash income and outgo by months beginning with: January 1936.</td><td>17-18</td><td>20-21</td><td>22-23</td><td>18-19</td><td>23-24</td><td>21-22</td><td>19-20</td><td>16-17</td><td>24-25</td><td>16-17</td><td>16-17</td><td>16-17</td></tr><tr><td>January 1938.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
(Continued on following page)
Bulletin of the Treasury Department, September 1943
Cumulative Table of Contents - (Continued)
<table><tr><th></th><th colspan="10">Issue and page number</th></tr><tr><th></th><th colspan="7">1943</th><th colspan="5">1942</th></tr><tr><th></th><th>Sept.</th><th>Aug.</th><th>July</th><th>June</th><th>May</th><th>Apr.</th><th>Mar.</th><th>Feb.</th><th>Jan.</th><th>Dec.</th><th>Nov.</th><th>Oct.</th></tr><tr><td>IV. General Fund of the Treasury</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Assets, liabilities, and balance in General Fund</td><td>20</td><td>23</td><td>25</td><td>21</td><td>26</td><td>24</td><td>22</td><td>19</td><td>27</td><td>19</td><td>19</td><td>19</td></tr><tr><td>Analysis of changes in balance of General Fund</td><td>21</td><td>24</td><td>26</td><td>22</td><td>27</td><td>25</td><td>23</td><td>20</td><td>28</td><td>20</td><td>20</td><td>20</td></tr><tr><td>V. Public debt and guaranteed obligations of United States Government</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt and guaranteed obligations outstanding, classified by type of issues</td><td>23</td><td>26</td><td>28</td><td>24</td><td>29</td><td>27</td><td>25</td><td>22</td><td>30</td><td>22</td><td>22</td><td>22</td></tr><tr><td>Composition of the public debt</td><td>24</td><td>27</td><td>29</td><td>25</td><td>30</td><td>28</td><td>26</td><td>23</td><td>31</td><td>23</td><td>23</td><td>23</td></tr><tr><td>Public debt receipts and expenditures</td><td>24</td><td>27</td><td>29</td><td>25</td><td>30</td><td>28</td><td>26</td><td>23</td><td>31</td><td>23</td><td>23</td><td>23</td></tr><tr><td>Composition of the public debt and guaranteed obligations</td><td>25</td><td>28</td><td>30</td><td>26</td><td>31</td><td>29</td><td>27</td><td>24</td><td>32</td><td>24</td><td>24</td><td>24</td></tr><tr><td>Debt position of the United States under limitations imposed by Section 21 of the Second Liberty Bond Act, as amended: September 30, 1942</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>33</td><td></td><td></td><td>25</td><td></td></tr><tr><td>December 31, 1942</td><td></td><td></td><td></td><td></td><td></td><td>30</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1943</td><td></td><td></td><td>31</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 30, 1943</td><td></td><td></td><td></td><td>27</td><td>32</td><td>31</td><td>28</td><td>25</td><td>34</td><td>25</td><td>25</td><td>26</td></tr><tr><td>Computed rate of interest on the public debt and guaranteed obligations</td><td>26</td><td>29</td><td>32</td><td>27</td><td>32</td><td>31</td><td>28</td><td>25</td><td>34</td><td>25</td><td>25</td><td>26</td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities issued or guaranteed by the United States, as of month-end preceding month of publication</td><td>27-28</td><td>30-31</td><td>33-34</td><td>28-29</td><td>33-34</td><td>32-33</td><td>29-30</td><td>26-27</td><td>35-36</td><td>26-27</td><td>26-27</td><td>27-28</td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness beginning with: January 1, 1939</td><td>29</td><td>32</td><td>35</td><td>30</td><td>35</td><td>34</td><td>31</td><td>28</td><td>37</td><td>28</td><td>28</td><td>29</td></tr><tr><td>January 1, 1940</td><td></td><td>32</td><td>35</td><td>30</td><td>35</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bill offerings</td><td>30</td><td>33</td><td>36</td><td>31</td><td>36</td><td>35</td><td>32</td><td>29</td><td>38</td><td>29</td><td>29</td><td>30</td></tr><tr><td>United States savings bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of sales and redemptions, by series</td><td>31-32</td><td>34-35</td><td>37-38</td><td>32-33</td><td>37-38</td><td>36-37</td><td>33-34</td><td>30-31</td><td>39-40</td><td>30-31</td><td>30-31</td><td>31-32</td></tr><tr><td>Sales reported by series, classified by denomination</td><td>33</td><td>36</td><td>39</td><td>34</td><td>39</td><td>38</td><td>35</td><td>32</td><td>41</td><td>32</td><td>32</td><td>33</td></tr><tr><td>Sales reported by series, classified by type of purchaser</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>33</td><td>33-34</td><td>35-36</td></tr><tr><td>Sales reported by series, classified by States</td><td>34-35</td><td>37-38</td><td>40-41</td><td>35-36</td><td>40-41</td><td>39-40</td><td>36-37</td><td>33-34</td><td>42-43</td><td>33-34</td><td>33-34</td><td>35-36</td></tr><tr><td>Payroll savings plans for United States savings bonds</td><td>36</td><td>39</td><td>42</td><td>37</td><td>42</td><td>41</td><td>38</td><td>35</td><td>44</td><td>35</td><td>35</td><td>37</td></tr><tr><td>Treasury notes - tax and savings series</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of sales and redemptions, by series</td><td>37-38</td><td>40-41</td><td>45,48</td><td>40,43</td><td>45,48</td><td>44,47</td><td>41,44</td><td>38,41</td><td>47,50</td><td>38,41</td><td>38,41</td><td>40,43</td></tr><tr><td>Sales, classified by denomination</td><td>39</td><td>42</td><td>46</td><td>41</td><td>46</td><td>45</td><td>42</td><td>39</td><td>48</td><td>39</td><td>39</td><td>41</td></tr><tr><td>Sales, classified by type of purchaser</td><td>39</td><td>42</td><td>47</td><td>42</td><td>47</td><td>46</td><td>43</td><td>40</td><td>49</td><td>40</td><td>40</td><td>42</td></tr><tr><td>United States savings stamps</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of sales and redemptions</td><td>40</td><td>43</td><td>43</td><td>38</td><td>43</td><td>42</td><td>39</td><td>36</td><td>45</td><td>36</td><td>36</td><td>38</td></tr><tr><td>Sales, classified by denomination</td><td>40</td><td>43</td><td>43</td><td>38</td><td>43</td><td>42</td><td>39</td><td>36</td><td>45</td><td>36</td><td>36</td><td>38</td></tr><tr><td>Sales, classified by States</td><td>41</td><td>44</td><td>44</td><td>39</td><td>44</td><td>43</td><td>40</td><td>37</td><td>46</td><td>37</td><td>37</td><td>39</td></tr><tr><td>VI. Ownership of Government securities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary distribution, by holders, of securities issued or guaranteed by the United States</td><td>43</td><td>46</td><td>50</td><td>45</td><td>50</td><td>49</td><td>46</td><td>43</td><td>52</td><td>43</td><td>43</td><td>45</td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts, monthly beginning January 1937</td><td>43</td><td>46</td><td>50</td><td>45</td><td>50</td><td>49</td><td>46</td><td>43</td><td>52</td><td>43</td><td>43</td><td>45</td></tr><tr><td>Summary date from Treasury survey of the ownership of Government securities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>August 31, 1942</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>46-51</td><td></td></tr><tr><td>September 30, 1942</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>44-49</td><td></td><td></td></tr><tr><td>October 31, 1942</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November 30, 1942</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>44-49</td><td>53-58</td><td></td><td></td><td></td></tr><tr><td>December 31, 1942</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 31, 1943</td><td></td><td></td><td></td><td></td><td></td><td>47-52</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February 28, 1943</td><td></td><td></td><td></td><td></td><td>50-55</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1943</td><td></td><td></td><td></td><td>46-51</td><td>51-56</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 31, 1943</td><td></td><td></td><td>51-56</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 30, 1943</td><td></td><td>47-52</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 31, 1943</td><td>44-49</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
(Continued on following page)
Bulletin of the Treasury Department, September 1943
Cumulative Table of Contents - (Continued)
<table><tr><th rowspan="2"></th><th colspan="12">Issue and page number</th></tr><tr><th>Sept.</th><th>Aug.</th><th>July</th><th>June</th><th>May</th><th>Apr.</th><th>Mar.</th><th>Feb.</th><th>Jan.</th><th>Dec.</th><th>Nov.</th><th>Oct.</th></tr><tr><td colspan="14">VII. Prices and yields of Government securities (including securities issued by Federal agencies)</td></tr><tr><td>Over-the-counter closing quotations and price history for public marketable securities issued by the U. S. Government and by Federal agencies, as of:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>51-57</td><td>53-55</td></tr><tr><td>The 15th of the month of publication.</td><td>51-53</td><td>54-56</td><td>58-60</td><td>53-55</td><td>58-60</td><td>57-59</td><td>54-56</td><td>51-53</td><td>60-62</td><td>51-53</td><td></td><td></td></tr><tr><td>The month-end preceding month of publication.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chart showing yield structure of Treasury bonds and notes.</td><td>54</td><td>57</td><td>61</td><td>56</td><td>61</td><td>60</td><td>57</td><td>54</td><td>63</td><td>54</td><td>54</td><td>56</td></tr><tr><td>Average yields of long-term Treasury bonds and high-grade corporate bonds: Discussion of composition of high-grade corporate bond average.</td><td></td><td></td><td></td><td></td><td>61</td><td></td><td></td><td></td><td>64-65</td><td>55-56</td><td>55-56</td><td>57-58</td></tr><tr><td>Yield beginning with:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 1934.</td><td>55-56</td><td>58-59</td><td>62-63</td><td>57-58</td><td>62-63</td><td>62-63</td><td>58-59</td><td>55-56</td><td></td><td></td><td></td><td></td></tr><tr><td>January 1935.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="14">VIII. Government corporations and credit agencies of the United States</td></tr><tr><td>Assets and liabilities and proprietary interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>60-61</td></tr><tr><td>August 31, 1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>58-59</td><td></td><td></td></tr><tr><td>September 30, 1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>67-58</td><td>58-59</td><td></td><td></td></tr><tr><td>October 31, 1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November 30, 1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td>58-59</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1942.</td><td></td><td></td><td></td><td></td><td></td><td>61-62</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 31, 1943.</td><td></td><td></td><td></td><td></td><td></td><td>65-66</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February 28, 1943.</td><td></td><td></td><td></td><td>65-66</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1943.</td><td></td><td></td><td>60-61</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1943.</td><td></td><td>65-66</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 31, 1943.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 30, 1943.</td><td>61-62</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 31, 1943.</td><td>58-59</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sources and uses of funds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Fiscal year to date.</td><td>60-61</td><td>63-64</td><td>67-68</td><td>62-63</td><td>67-68</td><td>67-68</td><td>63-64</td><td>60-61</td><td>69-70</td><td>60-61</td><td>60-61</td><td>62-63</td></tr><tr><td>From inception of organization.</td><td>62-63</td><td>65-66</td><td>69-70</td><td>64-65</td><td>69-70</td><td>69-70</td><td>65-66</td><td>62-63</td><td>71-72</td><td>62-63</td><td>62-63</td><td>64-65</td></tr><tr><td colspan="14">Ix. Internal revenue statistics</td></tr><tr><td>Collections of internal revenue:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary data.</td><td>65-66</td><td>68-69</td><td>72-73</td><td>67-68</td><td>72-73</td><td>72-73</td><td>68-69</td><td>65-66</td><td>74-75</td><td>65-66</td><td>65-66</td><td>67-68</td></tr><tr><td>Comparative details for current period.</td><td>67</td><td>70</td><td>74</td><td>69</td><td>74</td><td>74</td><td>70</td><td>67</td><td>76</td><td>67</td><td>67</td><td>69</td></tr><tr><td colspan="14">X. Gold and silver statistics</td></tr><tr><td>Gold assets and liabilities of the Treasury.</td><td>69</td><td>72</td><td>76</td><td>71</td><td>76</td><td>76</td><td>72</td><td>69</td><td>78</td><td>69</td><td>69</td><td>71</td></tr><tr><td>lucrement from reduction in weight of gold dollar, cumulative to:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>69</td><td></td></tr><tr><td>September 30, 1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>78</td><td></td><td></td><td></td></tr><tr><td>December 31, 1942.</td><td></td><td></td><td></td><td></td><td></td><td>76</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1943.</td><td></td><td>76</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 30, 1943.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury gold receipts, for recent quarterly periods.</td><td>72</td><td></td><td></td><td>76</td><td></td><td></td><td>69</td><td></td><td></td><td>69</td><td></td><td></td></tr><tr><td>Monetary stocks of gold and silver.</td><td>69</td><td>72</td><td>76</td><td>71</td><td>76</td><td>76</td><td>72</td><td>69</td><td>78</td><td>69-70</td><td>69-70</td><td>71-72</td></tr><tr><td>Components of silver monetary stock.</td><td>70</td><td>73</td><td>77</td><td>72</td><td>77</td><td>77</td><td>73</td><td>70</td><td>79</td><td>71</td><td>71</td><td>73</td></tr><tr><td>Silver of specified classifications acquired by mints and assay offices.</td><td>70</td><td>73</td><td>77</td><td>72</td><td>77</td><td>77</td><td>73</td><td>70</td><td>79</td><td>71</td><td>71</td><td>73</td></tr><tr><td>Seigniorage on silver, by types.</td><td>71</td><td>74</td><td>78</td><td>73</td><td>78</td><td>78</td><td>74</td><td>71</td><td>80</td><td>72</td><td>72</td><td>74</td></tr><tr><td>Silver production:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>In United States.</td><td>70</td><td>74</td><td>78</td><td>73</td><td>78</td><td>78</td><td>74</td><td>71</td><td>80</td><td>72</td><td>72</td><td>74</td></tr><tr><td>In foreign countries.</td><td>74</td><td>78</td><td>73</td><td>78</td><td>78</td><td>74</td><td>71</td><td>80</td><td>72</td><td>72</td><td>74</td><td></td></tr><tr><td colspan="14">XI. Other Treasury statistics</td></tr><tr><td>Balance sheet of the Exchange Stabilization Fund:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>76-77</td></tr><tr><td>June 30, 1942.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>82-83</td><td></td><td></td><td></td></tr><tr><td>September 30, 1942.</td><td></td><td></td><td></td><td></td><td>80-81</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1942.</td><td></td><td>80-81</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1943.</td><td>73</td><td>76</td><td>82</td><td>75</td><td>80</td><td>82</td><td>76</td><td>73</td><td>84</td><td>76</td><td>74</td><td>78</td></tr><tr><td>Capital movement between the United States and foreign countries.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Note: In tables in which it is indicated that the figures are rounded to a given unit, the details will not necessarily add to the total shown.
SUMMARY OF FISCAL STATISTICS
-1-
2
Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="4">First 2 months, fiscal years 1942 to 1944</th><th colspan="6">Complete fiscal years, 1940 to 1944</th></tr><tr><th>1942</th><th>1943</th><th>1944</th><th>Change 1943 to 1944</th><th>1940</th><th>1941</th><th>1942</th><th>1943</th><th>Estimated 1/1944</th><th>Change Actual 1942 to Actual 1943</th><th>Change Actual 1943 to estimated 1944 1/</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Internal revenue:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income and profits taxes 2/</td><td>142</td><td>428</td><td>2,819</td><td>+2,390</td><td>2,125</td><td>3,470</td><td>7,960</td><td>16,094</td><td>31,962</td><td>+8,133</td><td>+15,868</td></tr><tr><td>Employment taxes</td><td>221</td><td>285</td><td>358</td><td>+73</td><td>833</td><td>925</td><td>1,186</td><td>1,498</td><td>2,094</td><td>+312</td><td>+596</td></tr><tr><td>Miscellaneous internal revenue 3/</td><td>537</td><td>777</td><td>1,240</td><td>+463</td><td>2,345</td><td>2,967</td><td>3,847</td><td>4,553</td><td>4,935</td><td>+706</td><td>+382</td></tr><tr><td>Customs</td><td>71</td><td>46</td><td>72</td><td>+25</td><td>349</td><td>392</td><td>389</td><td>324</td><td>334</td><td>-65</td><td>+10</td></tr><tr><td>Other receipts</td><td>38</td><td>54</td><td>504</td><td>+511</td><td>273</td><td>515</td><td>286</td><td>9164/</td><td>1,026</td><td>+631</td><td>+109</td></tr><tr><td>Total receipts</td><td>1,009</td><td>1,591</td><td>5,053</td><td>+3,462</td><td>5,925</td><td>8,269</td><td>13,668</td><td>23,385</td><td>40,350</td><td>+9,717</td><td>+16,965</td></tr><tr><td>Lease:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 5/</td><td>200</td><td>257</td><td>325</td><td>+68</td><td>538</td><td>661</td><td>869</td><td>1,103</td><td>1,632</td><td>+234</td><td>+529</td></tr><tr><td>Net receipts</td><td>809</td><td>1,334</td><td>4,728</td><td>+3,394</td><td>5,387</td><td>7,607</td><td>12,799</td><td>22,282</td><td>38,718</td><td>+9,483</td><td>+16,436</td></tr><tr><td>Expenditures: 6/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War activities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War Department</td><td>1,113</td><td>5,736</td><td>8,027</td><td>+2,292</td><td>667</td><td>3,678</td><td>14,070</td><td>42,265</td><td>56,000</td><td>+28,195</td><td>+13,735</td></tr><tr><td>Navy Department</td><td>803</td><td>2,479</td><td>3,935</td><td>+1,456</td><td>891</td><td>2,313</td><td>8,580</td><td>20,888</td><td>28,000</td><td>+12,309</td><td>+7,112</td></tr><tr><td>Miscellaneous war activities</td><td>184</td><td>1,167</td><td>1,702</td><td>+534</td><td>99</td><td>310</td><td>3,362</td><td>8,955</td><td>13,000</td><td>+5,594</td><td>+4,045</td></tr><tr><td>Total war activities</td><td>2,100</td><td>9,382</td><td>13,664</td><td>+4,282</td><td>1,657</td><td>6,301</td><td>26,011</td><td>72,109</td><td>97,000</td><td>+46,098</td><td>+24,891</td></tr><tr><td>Veterans' Administration 7/</td><td>92</td><td>105</td><td>97</td><td>-8</td><td>557</td><td>563</td><td>556</td><td>602</td><td>887</td><td>+417</td><td>+285</td></tr><tr><td>Public Works 8/</td><td>128</td><td>112</td><td>94</td><td>-18</td><td>950</td><td>738</td><td>680</td><td>543</td><td>461r</td><td>-137</td><td>-79r</td></tr><tr><td>Aid to agriculture 9/</td><td>160</td><td>148</td><td>135</td><td>-13</td><td>1,559</td><td>93710/</td><td>1,225</td><td>1,163</td><td>960r</td><td>-61</td><td>-203r</td></tr><tr><td>Social Security program 11/</td><td>155</td><td>241</td><td>285</td><td>+44</td><td>513</td><td>588</td><td>659</td><td>735</td><td>766</td><td>+76</td><td>+31</td></tr><tr><td>Direct and work relief:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work Projects Administration and National Youth Administration 12/</td><td>188</td><td>97</td><td>5</td><td>-92</td><td>1,572</td><td>1,374</td><td>970</td><td>299</td><td>-</td><td>-671</td><td>-299</td></tr><tr><td>Federal Emergency Relief Administration and Civil Works Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Civilian Conservation Corps</td><td>40</td><td>12</td><td>0</td><td>-12</td><td>283</td><td>257</td><td>163</td><td>18</td><td>-</td><td>-145</td><td>-18</td></tr><tr><td>Interest on the public debt</td><td>33</td><td>42</td><td>114</td><td>+72</td><td>1,041</td><td>1,111</td><td>1,260</td><td>1,808</td><td>2,700</td><td>+548</td><td>+892</td></tr><tr><td>Other 13/</td><td>231</td><td>238</td><td>336</td><td>+98</td><td>866</td><td>841</td><td>873</td><td>901</td><td>1,259r</td><td>+29</td><td>+358r</td></tr><tr><td>Total expenditures 5/</td><td>3,127</td><td>10,376</td><td>14,729</td><td>+4,354</td><td>8,998</td><td>12,711</td><td>32,397</td><td>78,179</td><td>104,036</td><td>+45,782</td><td>+25,857</td></tr><tr><td>Net budget deficit 6/</td><td>2,318</td><td>9,042</td><td>10,001</td><td>+960</td><td>3,611</td><td>5,103</td><td>19,598</td><td>55,897</td><td>65,318</td><td>+36,300</td><td>+9,421</td></tr></table>
Daily Treasury Statements, except as noted.
* Less than $500,000.
1/ Based upon Budget estimates revised as of August 1, 1943. Budget estimates of post-war credits for excess profits tax, victory tax, etc., are excluded in order to make the estimates comparable with Daily Treasury Statement figures.
2/ Includes unjust enrichment tax and victory tax. Beginning July, 1943, includes collections of taxes withheld by employers under the Current Tax Payment Act of 1943. For details see following chapter on Receipts and Expenditures and Appropriations, Table 2.
3/ Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers' and retailers' excise taxes, and estate taxes.
4/ Includes in excess of $450 millions deposited by the War and Navy Departments and the U. S. Mari time Commission as a result of renegotiation of war contracts, and $10 millions representing repayment of amounts paid to Commodity Credit Corporation for capital impairment.
5/ For explanation, see tables in next chapter on Social Security program.
6/ Excludes expenditures for public debt retirements which are chargeable to the sinking fund, etc. under special provisions of law.
7/ Includes expenditures classified as transfers to trust accounts, etc., for the Adjusted Service Certificate Fund and the National Service Life Insurance Fund.
8/ Includes Public Works transactions classified as Revolving Funds (net).
9/ Includes Aid to agriculture transactions classified as Revolving Funds (net); expenditures of the Department of Agriculture classified as Departmental in the Daily Treasury Statement; and Agricultural Marketing Administration transactions classified as transfers to trust accounts, etc.
10/ Represents gross expenditures of $1,352 million less repayment of U. S. investments in capital funds aggregating $315 millions.
11/ Includes expenditures classified as transfers to trust accounts, etc. for the Railroad Retirement Account and the Railroad Unemployment Insurance Administration Fund. Excludes expenditures made by Office for Emergency Management, War Manpower Commission (U. S. Employment Service) under authority of the Social Security Act.
12/ Beginning July 1942 expenditures for National Youth Administration are shown under War activities.
13/ Includes departmental expenditures not otherwise classified and expenditures classified as transfers to trust accounts, etc., for Government employee retirement and insurance funds.
3
Public Debt and Guaranteed Obligations Outstanding
(In millions of dollars)
<table><tr><th></th><th colspan="4">End of first 2 months, fiscal years 1942 to 1944</th><th colspan="8">End of fiscal years, 1940 to 1944</th></tr><tr><th></th><th>Aug. 31, 1941</th><th>Aug. 31, 1942</th><th>Aug. 31, 1943</th><th>Change Aug. 31, 1942 to Aug. 31, 1943</th><th>June 30, 1940</th><th>June 30, 1941</th><th>June 30, 1942</th><th>June 30, 1943</th><th>Estimated 1/ June 30, 1944</th><th colspan="2">Change</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th colspan="4">Actual</th><th></th><th>Actual June 30, 1942 to actual June 30, 1943</th><th>Actual June 30, 1943 to estimated June 30, 1944</th></tr><tr><td>Securities issued by the United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable</td><td>37,667</td><td>57,176</td><td>99,935</td><td>+42,759</td><td>34,436</td><td>37,713</td><td>50,573</td><td>95,310</td><td>2/</td><td>+44,736</td><td>2/</td></tr><tr><td>Non-marketable</td><td>6,234</td><td>15,805</td><td>30,879</td><td>+15,073</td><td>3,166</td><td>4,555</td><td>13,510</td><td>29,200</td><td>2/</td><td>+15,690</td><td>2/</td></tr><tr><td>Total public issues</td><td>43,901</td><td>72,982</td><td>130,814</td><td>+57,832</td><td>37,602</td><td>42,267</td><td>64,083</td><td>124,509</td><td>2/</td><td>+60,426</td><td>2/</td></tr><tr><td>Special issues</td><td>6,470</td><td>8,262</td><td>11,907</td><td>+3,645</td><td>4,775</td><td>6,120</td><td>7,885</td><td>10,871</td><td>2/</td><td>+2,986</td><td>2/</td></tr><tr><td>Total interest-bearing debt</td><td>50,371</td><td>81,244</td><td>142,721</td><td>+61,477</td><td>42,376</td><td>48,387</td><td>71,968</td><td>135,380</td><td>2/</td><td>+63,412</td><td>2/</td></tr><tr><td>Matured debt and debt bearing no interest</td><td>550</td><td>441</td><td>1,338</td><td>+897</td><td>591</td><td>574</td><td>454</td><td>1,316</td><td>2/</td><td>+862</td><td>2/</td></tr><tr><td>Total public debt outstanding</td><td>50,921</td><td>81,685</td><td>144,059</td><td>+62,374</td><td>42,968</td><td>48,961</td><td>72,422</td><td>136,696</td><td>206,000</td><td>+64,274</td><td>+69,304</td></tr><tr><td>Securities guaranteed by the United States 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable</td><td>6,928</td><td>4,515</td><td>3,861</td><td>-654</td><td>5,498</td><td>6,360</td><td>4,549</td><td>4,023</td><td>2/</td><td>-525</td><td>2/</td></tr><tr><td>Non-marketable</td><td>-</td><td>53</td><td>73</td><td>+20</td><td>-</td><td>-</td><td>-</td><td>68</td><td>2/</td><td>+68</td><td>2/</td></tr><tr><td>Total interest-bearing debt</td><td>6,928</td><td>4,567</td><td>3,934</td><td>-633</td><td>5,498</td><td>6,360</td><td>4,549</td><td>4,092</td><td>2/</td><td>-457</td><td>2/</td></tr><tr><td>Matured debt</td><td>9</td><td>25</td><td>7</td><td>-17</td><td>31</td><td>11</td><td>20</td><td>8</td><td>2/</td><td>-11</td><td>2/</td></tr><tr><td>Total guaranteed securities outstanding</td><td>6,937</td><td>4,592</td><td>3,941</td><td>-651</td><td>5,529</td><td>6,370</td><td>4,568</td><td>4,100</td><td>1,206</td><td>-468</td><td>-2,894</td></tr><tr><td>Total public debt and guaranteed securities outstanding</td><td>57,858</td><td>86,277</td><td>148,000</td><td>+61,723</td><td>48,496</td><td>55,332</td><td>76,991</td><td>140,796</td><td>207,206</td><td>+63,805</td><td>+66,410</td></tr></table>
Source: Daily Treasury Statement, except as noted. 1/ Based upon Budget estimates revised as of August 1, 1943.
2/ Details not available.
3/ Excludes guaranteed securities which were sold directly to the Treasury.
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="3">First 2 months, fiscal years 1942 to 1944</th><th colspan="5">Complete fiscal years, 1940 to 1944</th></tr><tr><th>1942</th><th>1943</th><th>1944</th><th>Actual</th><th>1940</th><th>1941</th><th>1942 -</th><th>1943</th><th>Estimated 1/1944</th></tr><tr><td>Amount required to be financed:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net budget deficit 2/</td><td>2,318</td><td>9,042</td><td>10,001</td><td>3,611</td><td>5,103</td><td>19,598</td><td>55,897</td><td>65,318</td></tr><tr><td>Net increase in General Fund balance</td><td>240</td><td>163</td><td>-</td><td>-</td><td>742</td><td>358</td><td>6,515</td><td>-</td></tr><tr><td>Net expenditures in trust accounts, increment on gold, etc. 3/</td><td>-</td><td>58</td><td>504</td><td>-</td><td>148</td><td>3,506</td><td>1,861</td><td>4,694</td></tr><tr><td>Total amount required to be financed</td><td>2,557</td><td>9,263</td><td>10,505</td><td>3,611</td><td>5,994</td><td>23,461</td><td>64,274</td><td>70,012</td></tr><tr><td>Means of financing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in public debt</td><td>1,960</td><td>9,263</td><td>7,363</td><td>2,528</td><td>5,994</td><td>23,461</td><td>64,274</td><td>69,304</td></tr><tr><td>Net decrease in General Fund balance</td><td>-</td><td>-</td><td>3,143</td><td>947</td><td>-</td><td>-</td><td>-</td><td>708</td></tr><tr><td>Net receipts in trust accounts, increment on gold, etc. 3/</td><td>598</td><td>-</td><td>-</td><td>136</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total amount financed</td><td>2,557</td><td>9,263</td><td>10,505</td><td>3,611</td><td>5,994</td><td>23,461</td><td>64,274</td><td>70,012</td></tr></table>
Source: 1/ Daily Treasury Statements, except as noted. Based upon Budget estimates revised as of August 1, 1943. Budget estimates of post-war credits for excess profits tax, victory tax, etc. are excluded in order to make the estimates comparable with Daily Treasury Statement figures. 2/ Excludes amounts for public debt retirements which are chargeable
to the sinking fund, etc. under special provisions of law. 3/ Comprises trust accounts, checking accounts of Government agencies, etc., increment on gold, seigniorage on silver, and miscellaneous funds and accounts. Increment on gold excludes expenditures for national bank note retirements.
RECEIPTS AND EXPENDITURES AND APPROPRIATIONS
4
5
Appropriations and Net Contract Authorizations for the War Activities Program1/
As of August 31, 1943
<table><tr><th>Date approved</th><th>Public Law No.</th><th>Title of act</th><th>Appropriations</th><th>Set contract authorisations 2/</th></tr><tr><td colspan="5">76th Congress, Third Session</td></tr><tr><td>Mar. 25, 1940</td><td>442</td><td>Treasury Department Appropriation Act, 1941.</td><td>$ 53,965,035</td><td>-</td></tr><tr><td>Apr. 18, 1940</td><td>459</td><td>Independent Offices Appropriation Act, 1941.</td><td>149,500,000</td><td>-</td></tr><tr><td>May 14, 1940</td><td>508</td><td>Justice Department Appropriation Act, 1941 (Title III).</td><td>2,488,000</td><td>-</td></tr><tr><td>June 11, 1940</td><td>588</td><td>Navy Department Appropriation Act, 1941.</td><td>1,308,171,138</td><td>-</td></tr><tr><td>June 13, 1940</td><td>611</td><td>Military Appropriation Act, 1941.</td><td>1,499,323,322</td><td>-</td></tr><tr><td>June 18, 1940</td><td>640</td><td>Interior Department Appropriation Act, 1941.</td><td>495,000</td><td>-</td></tr><tr><td>June 24, 1940</td><td>653</td><td>War Department Civil Appropriation Act, 1941.</td><td>15,000,000</td><td>-</td></tr><tr><td>June 26, 1940</td><td>667</td><td>Civil Activities National Defense Appropriation Act, 1941.</td><td>1,474,901,057</td><td>-</td></tr><tr><td>June 26, 1940</td><td>88 3/</td><td>Emergency Relief Appropriation Act, 1941 (refugees relief).</td><td>50,000,000</td><td>-</td></tr><tr><td>June 27, 1940</td><td>668</td><td>Second Deficiency Appropriation Act, 1940.</td><td>17,656,900</td><td>-</td></tr><tr><td>July 18, 1940</td><td>94 3/</td><td>Public Resolution (War Risk Insurance Fund).</td><td>40,000,000</td><td>-</td></tr><tr><td>Sept. 9, 1940</td><td>781</td><td>Second Supplemental National Defense Appropriation Act, 1941.</td><td>2,497,016,392</td><td>-</td></tr><tr><td>Sept.24, 1940</td><td>99 3/</td><td>Public Resolution (War Department - military posts and acquisition of land).</td><td>336,263,902</td><td>-</td></tr><tr><td>Oct. 8, 1940</td><td>800</td><td>Third Supplemental National Defense Appropriation Act, 1941.</td><td>1,323,414,082</td><td>-</td></tr><tr><td>Oct. 9, 1940</td><td>812</td><td>First Supplemental Civil Functions Appropriation Act, 1941.</td><td>148,821,000</td><td>-</td></tr><tr><td>Oct. 14, 1940</td><td>106 3/</td><td>Public Resolution (national defence housing).</td><td>75,000,000</td><td>-</td></tr><tr><td colspan="3">Total, 76th Congress, Third Session.</td><td>$ 8,994,015,828</td><td>-</td></tr></table>
77th Congress, First Session
<table><tr><td>Feb. 6, 1941</td><td>5</td><td>Joint Resolution (emergency ship construction).</td><td>$ 313,500,000</td><td></td></tr><tr><td>Feb. 13, 1941</td><td>6</td><td>Joint Resolution (clothing and equipage - War Department).</td><td>173,000,000</td><td>-</td></tr><tr><td>Mar. 1, 1941</td><td>9</td><td>Urgent Deficiency Appropriation Act, 1941.</td><td>6,047,775</td><td>-</td></tr><tr><td>Mar. 17, 1941</td><td>13</td><td>Fourth Supplemental National Defense Appropriation Act, 1941.</td><td>1,376,464,602</td><td>-</td></tr><tr><td>Mar. 27, 1941</td><td>23</td><td>Defense Aid Supplemental Appropriation Act, 1941.</td><td>7,000,000,000</td><td>-</td></tr><tr><td>Apr. 1, 1941</td><td>25</td><td>First Deficiency Appropriation Act, 1941.</td><td>114,458,468</td><td>-</td></tr><tr><td>Apr. 5, 1941</td><td>28</td><td>Independent Offices Appropriation Act, 1942.</td><td>399,360,000</td><td>-</td></tr><tr><td>Apr. 5, 1941</td><td>29</td><td>Fifth Supplemental National Defense Appropriation Act, 1941.</td><td>2,293,227,920</td><td>-</td></tr><tr><td>May 6, 1941</td><td>48</td><td>Navy Department Appropriation Act, 1942.</td><td>3,415,521,750</td><td>-</td></tr><tr><td>May 23, 1941</td><td>71</td><td>War Department Civil Appropriation Act, 1942.</td><td>37,920,370</td><td>-</td></tr><tr><td>May 24, 1941</td><td>73</td><td>Additional Urgent Deficiency Appropriation Act, 1941.</td><td>168,556,000</td><td>-</td></tr><tr><td>May 31, 1941</td><td>88</td><td>Treasury Department Appropriation Act, 1942.</td><td>62,193,150</td><td>-</td></tr><tr><td>June 28, 1941</td><td>135</td><td>Justice, State and Commerce Departments Appropriation Act, 1942.</td><td>129,227,750</td><td>-</td></tr><tr><td>June 28, 1941</td><td>136</td><td>Interior Department Appropriation Act, 1942.</td><td>2,035,000</td><td>-</td></tr><tr><td>June 30, 1941</td><td>139</td><td>Military Appropriation Act, 1942.</td><td>10,384,521,624</td><td>-</td></tr><tr><td>July 1, 1941</td><td>146</td><td>Labor - Federal Security Appropriation Act, 1942.</td><td>173,168,500</td><td>-</td></tr><tr><td>July 3, 1941</td><td>150</td><td>Second Deficiency Appropriation Act, 1941.</td><td>998,894,551</td><td>-</td></tr><tr><td>Aug. 25, 1941</td><td>247</td><td>First Supplemental National Defense Appropriation Act, 1942.</td><td>6,580,012,448</td><td>-</td></tr><tr><td>Oct. 28, 1941</td><td>282</td><td>Second Supplemental National Defense Appropriation Act, 1942: (Title I).</td><td>5,985,000,000</td><td>$ 600,000,000 u/</td></tr><tr><td></td><td></td><td>(Title II).</td><td>159,005,585</td><td>-</td></tr><tr><td>Nov. 19, 1941</td><td>295</td><td>Defense Highway Act of 1941.</td><td>-</td><td>47,000,000</td></tr><tr><td>Dec. 17, 1941</td><td>353</td><td>Third Supplemental National Defense Appropriation Act, 1942.</td><td>9,112,021,947</td><td>60,000,000</td></tr><tr><td>Dec. 23, 1941</td><td>371</td><td>Joint Resolution (War, Philippines relief, and defense housing).</td><td>510,000,000</td><td>-</td></tr><tr><td></td><td></td><td>Total, 77th Congress, First Session.</td><td>$ 49,396,437,450</td><td>$ 707,000,000 r</td></tr></table>
77th Congress, Second Session
<table><tr><td>Jan. 30, 1942</td><td>422</td><td>Fourth Supplemental National Defense Appropriation Act, 1942.</td><td>$ 12,525,872,474</td><td>$2,400,000,000 6/</td></tr><tr><td>Feb. 7, 1942</td><td>441</td><td>Naval Appropriation Act, 1943 5/.</td><td>23,738,865,474</td><td>-</td></tr><tr><td>Feb. 12, 1942</td><td>452</td><td>Joint Resolution (financial aid to China).</td><td>500,000,000</td><td>-</td></tr><tr><td>Feb. 21, 1942</td><td>463</td><td>First Deficiency Appropriation Act, 1942.</td><td>135,203,321</td><td>-</td></tr><tr><td>Mar. 5, 1942</td><td>474</td><td>Fifth Supplemental National Defense Appropriation Act, 1942.</td><td>30,412,737,900</td><td>98,149,182</td></tr><tr><td>Apr. 28, 1942</td><td>527</td><td>War Department Civil Appropriation Act, 1943.</td><td>57,886,985</td><td>-</td></tr><tr><td>Apr. 28, 1942</td><td>528</td><td>Sixth Supplemental National Defense Appropriation Act, 1942.</td><td>18,932,124,093</td><td>40,400,000</td></tr><tr><td>June 5, 1942</td><td>572</td><td>Joint Resolution (War Risk Insurance Fund).</td><td>210,000,000</td><td>-</td></tr><tr><td>June 19, 1942</td><td>616</td><td>Joint Resolution (education and training).</td><td>9,500,000</td><td>-</td></tr><tr><td>June 23, 1942</td><td>626</td><td>Seventh Supplemental National Defense Appropriation Act, 1942 1/.</td><td>655,074,740</td><td>150,000,000</td></tr><tr><td>June 27, 1942</td><td>630</td><td>Independent Offices Appropriation Act, 1943.</td><td>1,052,812,004</td><td>90,000,000</td></tr><tr><td>July 2, 1942</td><td>644</td><td>Justice, State and Commerce Departments Appropriation Act, 1943.</td><td>261,908,180</td><td>-</td></tr><tr><td>July 2, 1942</td><td>645</td><td>Interior Department Appropriation Act, 1943.</td><td>8,977,370</td><td>-</td></tr><tr><td>July 2, 1942</td><td>646</td><td>Public Law (Federal Works Agency - public roads).</td><td>-</td><td>35,000,000</td></tr><tr><td>July 2, 1942</td><td>647</td><td>Labor - Federal Security Appropriation Act, 1943.</td><td>227,726,804</td><td>-</td></tr><tr><td>July 2, 1942</td><td>648</td><td>Second Deficiency Appropriation Act, 1942.</td><td>10,415,078</td><td>-</td></tr><tr><td>July 2, 1942</td><td>649</td><td>Military Appropriation Act, 1943.</td><td>42,820,003,057</td><td>-</td></tr><tr><td>July 2, 1942</td><td>650</td><td>War Housing and Public Works Appropriation Act, 1942.</td><td>32,500,000</td><td>-</td></tr><tr><td>July 25, 1942</td><td>678</td><td>First Supplemental National Defense Appropriation Act, 1943.</td><td>1,845,234,990</td><td>-</td></tr><tr><td>Oct. 26, 1942</td><td>763</td><td>Second Supplemental National Defense Appropriation Act, 1943 8/.</td><td>6,299,361,448</td><td>5,827,982,822 r 6/</td></tr><tr><td colspan="3">Total, 77th Congress, Second Session.</td><td>$139,736,203,988</td><td>$11,641,532,004 r</td></tr></table>
(Continued on following page)
6
Appropriations and Net Contract Authorizations for the War Activities Program-1/ As of August 31, 1943 - (Continued)
<table><tr><th>Date approved</th><th>Public Law No.</th><th>Title of act</th><th>Appropriations</th><th>Net contract authorisations 2/</th></tr><tr><td colspan="5">78th Congress, First Session</td></tr><tr><td>Mar. 2, 1943</td><td>3</td><td>Joint Resolution (Selective Service System)</td><td>$ 21,160,000</td><td>-</td></tr><tr><td>Mar. 18, 1943</td><td>11</td><td>First Deficiency Appropriation Act, 1943</td><td>4,063,948,984</td><td>$ 2,173,719,545</td></tr><tr><td>Mar. 31, 1943</td><td>20</td><td>Supplemental Naval Appropriation Act, 1943</td><td>3,836,176,119</td><td>50,000,000</td></tr><tr><td>Apr. 29, 1943</td><td>45</td><td>Joint Resolution (farm labor program)</td><td>26,100,000</td><td>-</td></tr><tr><td>May 7, 1943</td><td>90</td><td>Joint Resolution (Commerce Department - war training program)</td><td>3,500,000</td><td>-</td></tr><tr><td>June 2, 1943</td><td>64</td><td>War Department Civil Appropriation Act, 1944</td><td>1,457,898</td><td>-</td></tr><tr><td>June 14, 1943</td><td>70</td><td>Defense Aid Supplemental Appropriation Act, 1943</td><td>6,273,629,000</td><td>-</td></tr><tr><td>June 26, 1943</td><td>90</td><td>Independent Offices Appropriation Act, 1944</td><td>1,395,013,569</td><td>-</td></tr><tr><td>June 26, 1943</td><td>92</td><td>Naval Appropriation Act, 1944</td><td>27,637,226,198 9/</td><td>5,389,000,000 6/</td></tr><tr><td>July 1, 1943</td><td>105</td><td>Departments of State, Justice and Commerce Appropriation Act, 1944</td><td>67,635,000</td><td>-</td></tr><tr><td>July 1, 1943</td><td>108</td><td>Military Appropriation Act, 1944</td><td>59,034,839,673</td><td>-</td></tr><tr><td>July 12, 1943</td><td>129</td><td>Department of Agriculture Appropriation Act, 1944</td><td>38,048,000</td><td>-</td></tr><tr><td>July 12, 1943</td><td>132</td><td>Urgent Deficiency Appropriation Act, 1943</td><td>31,979,600</td><td>-</td></tr><tr><td>July 12, 1943</td><td>133</td><td>Interior Department Appropriation Act, 1944</td><td>14,884,000</td><td>-</td></tr><tr><td>July 12, 1943</td><td>135</td><td>Labor-Federal Security Appropriation Act, 1944</td><td>307,953,500</td><td>-</td></tr><tr><td>July 12, 1943</td><td>139</td><td>National War Agencies Appropriation Act, 1944</td><td>2,911,697,224</td><td>18,000,000</td></tr><tr><td>July 12, 1943</td><td>140</td><td>Second Deficiency Appropriation Act, 1943</td><td>151,348,962</td><td>-</td></tr><tr><td colspan="3">Total, 78th Congress, First Session</td><td>$105,816,597,728</td><td>$ 7,630,719,545</td></tr><tr><td colspan="5">Summary</td></tr><tr><td></td><td>Total, 76th Congress, Third Session</td><td></td><td>$ 8,994,015,828</td><td>-</td></tr><tr><td></td><td>Total, 77th Congress, First Session</td><td></td><td>49,396,437,450</td><td>$ 707,000,000 r</td></tr><tr><td></td><td>Total, 77th Congress, Second Session</td><td></td><td>139,736,203,988</td><td>11,641,532,004 r</td></tr><tr><td></td><td>Total, 78th Congress, First Session</td><td></td><td>105,816,597,728</td><td>7,630,719,545</td></tr><tr><td></td><td>Permanent appropriations and net transfers from other than war activities appropriations 10/</td><td></td><td>106,341,770</td><td>-</td></tr><tr><td></td><td>Total approved</td><td></td><td>$304,049,596,764</td><td>$19,979,251,549</td></tr><tr><td></td><td>Liquidations of 1940 and prior contract authorizations</td><td></td><td>467,872,846</td><td>-</td></tr><tr><td></td><td>Total appropriations and net contract authorisations 1/</td><td></td><td>$303,581,723,918</td><td>$19,979,251,549</td></tr></table><table><tr><th>Date approved</th><th>Public Law No.</th><th>Amount</th></tr><tr><td>Feb. 7, 1942</td><td>441</td><td>$ 2,400,000,000</td></tr><tr><td>Oct. 26, 1942</td><td>763</td><td>(Estimated by Navy Department) 8,827,982,822</td></tr><tr><td>June 26, 1943</td><td>92</td><td>(Estimated by Navy Department) 3,389,000,000</td></tr><tr><td colspan="2"></td><td>$14,616,982,822</td></tr></table>
7
Budget Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="5">Expenditures 1/</th><th rowspan="2">Net budget deficit 1/</th><th rowspan="2">Public debt retirements 2/</th></tr><tr><th>Total receipts</th><th>Internal revenue 2/</th><th>Custume</th><th>Other receipts</th><th>Less net amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 3/</th><th>Net receipts</th><th>Total expenditures</th><th>General 4/</th><th>War activities 5/</th><th>Revolving funds (net) 6/</th><th>Transfers to trust accounts, etc. 6/</th></tr><tr><td>1934</td><td>3,116</td><td>2,641</td><td>313</td><td>162</td><td>-</td><td>3,116</td><td>6,011</td><td>4,908</td><td>531</td><td>496</td><td>71</td><td>2,896</td><td>360</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>343</td><td>179</td><td>-</td><td>3,800</td><td>7,010</td><td>5,900</td><td>689</td><td>345</td><td>76</td><td>3,209</td><td>574</td></tr><tr><td>1936</td><td>4,116</td><td>3,513</td><td>387</td><td>216</td><td>-</td><td>4,116</td><td>8,666</td><td>5,935</td><td>900</td><td>11</td><td>1,520</td><td>4,550</td><td>403</td></tr><tr><td>1937</td><td>5,294</td><td>4,597</td><td>486</td><td>210</td><td>265</td><td>5,029</td><td>8,177</td><td>6,437</td><td>929</td><td>204</td><td>608</td><td>3,149</td><td>104</td></tr><tr><td>1938</td><td>6,282</td><td>5,674</td><td>359</td><td>208</td><td>387</td><td>5,855</td><td>7,239</td><td>5,894</td><td>1,029</td><td>121</td><td>225</td><td>1,384</td><td>65</td></tr><tr><td>1939</td><td>5,668</td><td>5,161</td><td>319</td><td>188</td><td>503</td><td>5,165</td><td>8,707</td><td>7,221</td><td>1,206</td><td>92</td><td>187</td><td>3,542</td><td>58</td></tr><tr><td>1940</td><td>5,925</td><td>5,303</td><td>349</td><td>273</td><td>538</td><td>5,387</td><td>8,998</td><td>7,055</td><td>1,657</td><td>91</td><td>232</td><td>3,611</td><td>129</td></tr><tr><td>1941</td><td>8,269</td><td>7,362</td><td>392</td><td>515</td><td>661</td><td>7,607</td><td>12,711</td><td>6,215 10/</td><td>6,301</td><td>-136 10/</td><td>331</td><td>5,103</td><td>64</td></tr><tr><td>1942</td><td>13,668</td><td>12,993</td><td>389</td><td>286</td><td>869</td><td>12,799</td><td>32,397</td><td>5,986</td><td>26,011</td><td>18</td><td>381</td><td>19,598</td><td>95</td></tr><tr><td>1943</td><td>23,385</td><td>22,144</td><td>324</td><td>916 9/11/</td><td>1,103</td><td>22,282</td><td>78,179</td><td>5,595</td><td>72,109</td><td>40</td><td>435</td><td>55,897</td><td>3</td></tr><tr><td>1942-August</td><td>797</td><td>748</td><td>22</td><td>26</td><td>209</td><td>587</td><td>5,215</td><td>312</td><td>4,884</td><td>-</td><td>19</td><td>4,628</td><td>-</td></tr><tr><td>September</td><td>2,528</td><td>2,476</td><td>20</td><td>31 9/</td><td>1</td><td>2,527</td><td>5,931</td><td>544</td><td>5,384</td><td>-3</td><td>5</td><td>3,404</td><td>-</td></tr><tr><td>October</td><td>648</td><td>603</td><td>24</td><td>20</td><td>41</td><td>607</td><td>5,937</td><td>401</td><td>5,481</td><td>-</td><td>56</td><td>5,331</td><td>-</td></tr><tr><td>November</td><td>830</td><td>784</td><td>23</td><td>22</td><td>229</td><td>601</td><td>6,363</td><td>320</td><td>6,042</td><td>-2</td><td>3</td><td>5,761</td><td>-</td></tr><tr><td>December</td><td>2,702</td><td>2,649</td><td>24</td><td>28</td><td>1</td><td>2,701</td><td>6,500</td><td>654</td><td>5,825</td><td>-4</td><td>25</td><td>3,799</td><td>1</td></tr><tr><td>1943-January</td><td>824</td><td>724</td><td>25</td><td>75</td><td>35</td><td>788</td><td>6,372</td><td>391</td><td>5,947</td><td>-</td><td>35</td><td>5,584</td><td>-</td></tr><tr><td>February</td><td>1,190</td><td>1,075</td><td>26</td><td>89</td><td>235</td><td>955</td><td>6,119</td><td>346</td><td>5,770</td><td>1</td><td>2</td><td>5,164</td><td>-</td></tr><tr><td>March</td><td>5,207</td><td>5,154</td><td>32</td><td>21</td><td>1</td><td>5,206</td><td>7,354</td><td>601</td><td>6,744</td><td>7</td><td>1</td><td>2,147</td><td>-</td></tr><tr><td>April</td><td>1,555</td><td>1,396</td><td>32</td><td>127</td><td>41</td><td>1,514</td><td>7,466</td><td>439</td><td>6,974</td><td>16</td><td>38</td><td>5,952</td><td>-</td></tr><tr><td>May</td><td>1,742</td><td>1,581</td><td>37</td><td>124</td><td>262</td><td>1,480</td><td>7,435</td><td>328</td><td>7,092</td><td>14</td><td>1</td><td>5,955</td><td>-</td></tr><tr><td>June</td><td>4,569</td><td>4,211</td><td>34</td><td>324</td><td>-</td><td>4,569</td><td>8,327</td><td>846</td><td>7,469</td><td>10</td><td>1</td><td>3,758</td><td>-</td></tr><tr><td>July</td><td>2,048</td><td>1,815</td><td>33</td><td>201</td><td>41</td><td>2,007</td><td>7,112</td><td>337</td><td>6,432</td><td>-1</td><td>344</td><td>5,105</td><td>-</td></tr><tr><td>August</td><td>3,005</td><td>2,602</td><td>39</td><td>364</td><td>284</td><td>2,721</td><td>7,617</td><td>365</td><td>7,232</td><td>5</td><td>15</td><td>4,896</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Excludes amounts for public debt retirement which are chargeable to the sinking fund, etc. under special provisions of law.
2/ For further details, see Table 2.
3/ For explanation see tables which follow on the Social Security program.
4/ For further details, see Table 3.
5/ For further details, see Table 4.
6/ For further details, see Table 5. Also see footnotes 3/ and 4/.
7/ Total expenditures less net receipts.
8/ Represents expenditures for public debt retirements which are chargeable to the sinking fund, etc. under special provisions of law.
9/ Includes recoveries of U. S. investments in capital funds. Such recoveries totaled $54 millions in the fiscal year 1940; $319 millions in the fiscal year 1941; $18 millions in the fiscal year 1942; and $10 millions in the fiscal year 1943, recovered in September 1942.
10/ Receipts from reductions in capital stock and paid-in surplus available to be reissued under existing law are included as negative items under expenditures. Such reductions totaled $160 millions for general expenditures and $155 millions for revolving funds during the fiscal year 1941.
11/ Includes in excess of $450 millions deposited by the War and Navy Departments and the U. S. Maritime Commission as a result of renegotiation of war contracts.
Table 2.- Analysis of Receipts from Internal Revenue
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="3">Income and profit taxes</th><th colspan="4">Employment taxes</th><th>Miscellaneous internal revenue</th><th>Agricultural adjustment taxes</th></tr><tr><th></th><th></th><th>Total</th><th>Withheld by employers (Current Tax Payment Act of 1943)</th><th>Other 2/</th><th>Total</th><th>Social security taxes 3/ Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Carriers' Taxing Act of 1937 (Railroad retirement)</th><th></th><th></th></tr><tr><td>1934</td><td>2,641</td><td>818</td><td>-</td><td>818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,470</td><td>353</td></tr><tr><td>1935</td><td>3,278</td><td>1,099</td><td>-</td><td>1,099</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,657</td><td>521</td></tr><tr><td>1936</td><td>3,513</td><td>1,427</td><td>-</td><td>1,427</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,010</td><td>77</td></tr><tr><td>1937</td><td>4,597</td><td>2,163</td><td>-</td><td>2,163</td><td>253</td><td>194</td><td>58</td><td>-</td><td>2,181</td><td>-</td></tr><tr><td>1938</td><td>5,674</td><td>2,640</td><td>-</td><td>2,640</td><td>755</td><td>514</td><td>90</td><td>150</td><td>2,279</td><td>-</td></tr><tr><td>1939</td><td>5,161</td><td>2,189</td><td>-</td><td>2,189</td><td>740</td><td>530</td><td>101</td><td>109</td><td>2,232</td><td>-</td></tr><tr><td>1940</td><td>5,303</td><td>2,125</td><td>-</td><td>2,125</td><td>833</td><td>604</td><td>106</td><td>121</td><td>2,345</td><td>-</td></tr><tr><td>1941</td><td>7,362</td><td>3,470</td><td>-</td><td>3,470</td><td>925</td><td>691</td><td>98</td><td>137</td><td>2,967</td><td>-</td></tr><tr><td>1942</td><td>12,993</td><td>7,960</td><td>-</td><td>7,960</td><td>1,186</td><td>896</td><td>120</td><td>170</td><td>3,847</td><td>-</td></tr><tr><td>1943</td><td>22,144</td><td>16,094</td><td>-</td><td>16,094</td><td>1,498</td><td>1,130</td><td>158</td><td>209</td><td>4,553</td><td>-</td></tr><tr><td>1942-August</td><td>748</td><td>155</td><td>-</td><td>155</td><td>232</td><td>212</td><td>8</td><td>11</td><td>362</td><td>-</td></tr><tr><td>September</td><td>2,476</td><td>2,126</td><td>-</td><td>2,126</td><td>41</td><td>3</td><td>1</td><td>36</td><td>309</td><td>-</td></tr><tr><td>October</td><td>603</td><td>206</td><td>-</td><td>206</td><td>48</td><td>44</td><td>3</td><td>1</td><td>350</td><td>-</td></tr><tr><td>November</td><td>784</td><td>199</td><td>-</td><td>199</td><td>248</td><td>231</td><td>9</td><td>8</td><td>337</td><td>-</td></tr><tr><td>December</td><td>2,049</td><td>1,972</td><td>-</td><td>1,972</td><td>47</td><td>4</td><td>1</td><td>43</td><td>630</td><td>-</td></tr><tr><td>1943-January</td><td>724</td><td>305</td><td>-</td><td>305</td><td>52</td><td>37</td><td>14</td><td>1</td><td>365</td><td>-</td></tr><tr><td>February</td><td>1,075</td><td>380</td><td>-</td><td>380</td><td>343</td><td>237</td><td>99</td><td>7</td><td>352</td><td>-</td></tr><tr><td>March</td><td>5,154</td><td>4,732</td><td>-</td><td>4,732</td><td>48</td><td>3</td><td>3</td><td>42</td><td>374</td><td>-</td></tr><tr><td>April</td><td>1,396</td><td>1,000</td><td>-</td><td>1,000</td><td>50</td><td>43</td><td>3</td><td>3</td><td>346</td><td>-</td></tr><tr><td>May</td><td>1,581</td><td>940</td><td>-</td><td>940</td><td>282</td><td>265</td><td>12</td><td>6</td><td>399</td><td>-</td></tr><tr><td>June</td><td>4,211</td><td>3,803</td><td>-</td><td>3,803</td><td>55</td><td>3</td><td>3</td><td>49</td><td>353</td><td>-</td></tr><tr><td>July</td><td>1,815</td><td>1,255</td><td>19</td><td>1,236</td><td>48</td><td>44</td><td>3</td><td>1</td><td>512</td><td>-</td></tr><tr><td>August</td><td>2,602</td><td>1,564</td><td>548</td><td>1,016</td><td>310</td><td>287</td><td>8</td><td>15</td><td>729</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
Less than $500,000.
For further details, see chapter on Internal Revenue Statistics.
1/ Includes unjust enrichment tax and victory tax collections pursuant to Revenue Act of 1942.
3/ For the period prior to September 1939, the data in the column entitled Federal Insurance Contributions Act and Federal Unemployment Tax Act represent collections under Titles VIII and IX, respectively, of the Social Security Act.
Budget Receipts and Expenditures - (Continued)
Table 3.- Analysis of General Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Veterans' Administration 1/ 2/</th><th>Public Works 2/ 3/</th><th>Aid to agriculture 2/ 4/</th><th>Social Security program 2/ 5/</th><th>Direct and work relief</th><th>Civilian Conservation Corps</th><th>Interest on the public debt</th><th>Other departmental 8/</th><th>Other general expenditures 9/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Work Projects Administration and National Youth Administration 6/</th><th>Federal Emergency Relief Administration and Civil Works Administration 1/</th><th></th><th></th><th></th></tr><tr><td>1934</td><td>4,908</td><td>507</td><td>549</td><td>429</td><td>-</td><td>-</td><td>1,513</td><td>332</td><td>757</td><td>313</td><td>509</td></tr><tr><td>1935</td><td>5,900</td><td>557</td><td>679</td><td>930</td><td>-</td><td>-</td><td>1,831</td><td>436</td><td>821</td><td>364</td><td>283</td></tr><tr><td>1936</td><td>5,935</td><td>578</td><td>685</td><td>966</td><td>29</td><td>1,264</td><td>495</td><td>486</td><td>749</td><td>424</td><td>258</td></tr><tr><td>1937</td><td>6,437</td><td>581</td><td>803</td><td>988</td><td>184</td><td>1,896</td><td>-1</td><td>386</td><td>866</td><td>510</td><td>223</td></tr><tr><td>1938</td><td>5,864</td><td>582</td><td>670</td><td>866</td><td>335</td><td>1,472</td><td>4</td><td>326</td><td>926</td><td>481</td><td>200</td></tr><tr><td>1939</td><td>7,221</td><td>557</td><td>900</td><td>1,237</td><td>347</td><td>2,240</td><td>2</td><td>290</td><td>941</td><td>517</td><td>191</td></tr><tr><td>1940</td><td>7,055</td><td>557</td><td>890</td><td>1,546</td><td>392</td><td>1,572</td><td>1</td><td>283</td><td>1,041</td><td>546</td><td>227</td></tr><tr><td>1941</td><td>6,215</td><td>553</td><td>715</td><td>1,006 10/</td><td>457</td><td>1,374</td><td>-</td><td>257</td><td>1,111</td><td>525</td><td>216</td></tr><tr><td>1942</td><td>5,986</td><td>555</td><td>669</td><td>1,091</td><td>515</td><td>970</td><td>-</td><td>163</td><td>1,260</td><td>544</td><td>220</td></tr><tr><td>1943</td><td>5,595</td><td>572</td><td>545</td><td>1,052</td><td>514</td><td>299</td><td>-</td><td>18</td><td>1,808</td><td>590</td><td>197</td></tr><tr><td>1942-August</td><td>312</td><td>47</td><td>58</td><td>47</td><td>43</td><td>43</td><td>-</td><td>5</td><td>7</td><td>46</td><td>16</td></tr><tr><td>September</td><td>544</td><td>46</td><td>54</td><td>97</td><td>22</td><td>35</td><td>-</td><td>1</td><td>224</td><td>52</td><td>12</td></tr><tr><td>October</td><td>401</td><td>49</td><td>59</td><td>67</td><td>64</td><td>31</td><td>-</td><td>-</td><td>70</td><td>45</td><td>16</td></tr><tr><td>November</td><td>320</td><td>47</td><td>39</td><td>83</td><td>40</td><td>28</td><td>-</td><td>-</td><td>28</td><td>45</td><td>11</td></tr><tr><td>December</td><td>654</td><td>47</td><td>52</td><td>89</td><td>34</td><td>28</td><td>-</td><td>-18</td><td>353</td><td>49</td><td>22</td></tr><tr><td>1943-January</td><td>391</td><td>47</td><td>36</td><td>111</td><td>56</td><td>24</td><td>-</td><td>2</td><td>54</td><td>43</td><td>17</td></tr><tr><td>February</td><td>346</td><td>48</td><td>45</td><td>111</td><td>26</td><td>19</td><td>-</td><td>-</td><td>35</td><td>45</td><td>18</td></tr><tr><td>March</td><td>601</td><td>49</td><td>49</td><td>127</td><td>38</td><td>16</td><td>-</td><td>-</td><td>262</td><td>50</td><td>10</td></tr><tr><td>April</td><td>439</td><td>48</td><td>35</td><td>101</td><td>60</td><td>11</td><td>-</td><td>21</td><td>89</td><td>59</td><td>16</td></tr><tr><td>May</td><td>328</td><td>48</td><td>22</td><td>85</td><td>37</td><td>8</td><td>-</td><td>-</td><td>42</td><td>70</td><td>14</td></tr><tr><td>June</td><td>846</td><td>48</td><td>41</td><td>58</td><td>15</td><td>3</td><td>-</td><td>-</td><td>609</td><td>44</td><td>27</td></tr><tr><td>July</td><td>337</td><td>44</td><td>38</td><td>66</td><td>59</td><td>4</td><td>-</td><td>-</td><td>68</td><td>42</td><td>15</td></tr><tr><td>August</td><td>365</td><td>49</td><td>56</td><td>65</td><td>53</td><td>1</td><td>-</td><td>-</td><td>46</td><td>77</td><td>19</td></tr></table>
Source: Daily Treasury Statements.
1/ Less than $500,000.
1/ Includes public works undertaken by the Veterans' Administration.
2/ Does not include expenditures for (1) revolving funds or (2) transfers to trust accounts, etc. These are shown in Table 5.
3/ Includes public buildings, public highways (including forest roads and trails), river and harbor work and flood control, Tennessee Valley Authority, Federal Public Housing Authority (formerly U. S. Housing Authority), reclamation projects and the Public Works Administration. Exclude certain expenditures for public works in connection with war activities by the Federal Works Agency, beginning July 1941.
4/ Comprises Agricultural Conservation and Adjustment Administration, Agricultural Marketing Administration, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration, Farm Tenant Act, Rural Electrification Administration, and Department of Agriculture departmental expenditures.
5/ Includes railroad retirement and railroad unemployment activities and excludes expenditures made by Office for Emergency Management, War Manpower Commission (U. S. Employment Service) under authority
of Social Security Act. For further details, see tables which follow on the Social Security program. 6/ Work Projects Administration was formerly Works Progress Administration. Beginning with July 1942, expenditures for the National Youth Administration are shown in Table 4. 7/ Includes expenditures of the Reconstruction Finance Corporation for relief through loans and grants to States, municipalities, etc. 8/ Excludes expenditures for the U. S. Maritime Commission, departmental expenditures under the Social Security program and the Department of Agriculture departmental expenditures. 9/ Includes expenditures for the following: Office of Education, and Public Health Service of the Federal Security Agency; refunds of taxes and duties by the Treasury Department; Post Office Department postal deficiencies; Federal Housing Administration; Treasury Department investments in Federal savings and loan associations; certain expenditures of the Panama Canal; and capital stock of the Federal Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal home loan banks, and Disaster Loan Corporation. 10/ Gross expenditures have been reduced $160 millions representing the repayment of capital funds by certain United States Government agencies. For further details see "Treasury Bulletin" for June 1943, page 9, footnote 12/.
9
Budget Receipts and Expenditures - (Continued)
Table 4.- Analysis of Expenditures for War Activities
(In millions of dollars)
<table><tr><th>Piecelyear or month</th><th>Total</th><th>War Department</th><th>Navy Department</th><th>Total miscellaneous war activities</th><th>Agriculture Department</th><th>Federal Security Agency</th><th>Federal Works Agency</th><th>National Housing Agency 1/</th><th>Selective Service (administrative)</th><th>Treasury Department</th><th>United States Maritime Commission 2/</th><th>War Shipping Administration</th><th>Aid to China</th><th>Other war activities expended 3/</th></tr><tr><td>1934</td><td>531</td><td>243</td><td>297</td><td>-10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>689</td><td>273</td><td>436</td><td>-21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-21</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>900</td><td>383</td><td>529</td><td>-12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>929</td><td>378</td><td>557</td><td>-6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1938</td><td>1,029</td><td>432</td><td>596</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>1,206</td><td>490</td><td>673</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1940</td><td>1,657</td><td>667</td><td>892</td><td>99</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>99</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941</td><td>6,301</td><td>3,678</td><td>2,313</td><td>310</td><td>3</td><td>62</td><td>-</td><td>45</td><td>18</td><td>24</td><td>51</td><td>-</td><td>-</td><td>108</td></tr><tr><td>1942</td><td>26,011</td><td>14,070</td><td>8,580</td><td>3,362</td><td>696</td><td>111</td><td>62</td><td>297</td><td>33</td><td>519</td><td>929</td><td>132</td><td>200</td><td>382</td></tr><tr><td>1943</td><td>72,109</td><td>42,265</td><td>20,888</td><td>8,955</td><td>2,011</td><td>153</td><td>215</td><td>608</td><td>52</td><td>1,201</td><td>2,776</td><td>1,105</td><td>40</td><td>795</td></tr><tr><td>1942-August</td><td>4,884</td><td>2,875</td><td>1,376</td><td>633</td><td>61</td><td>13</td><td>17</td><td>42</td><td>4</td><td>110</td><td>211</td><td>99</td><td>-</td><td>76</td></tr><tr><td>September</td><td>5,384</td><td>3,519</td><td>1,294</td><td>572</td><td>94</td><td>4</td><td>13</td><td>45</td><td>5</td><td>102</td><td>141</td><td>113</td><td>-</td><td>56</td></tr><tr><td>October</td><td>5,481</td><td>3,417</td><td>1,596</td><td>467</td><td>51</td><td>21</td><td>17</td><td>48</td><td>3</td><td>110</td><td>46</td><td>111</td><td>-</td><td>60</td></tr><tr><td>November</td><td>6,042</td><td>3,538</td><td>1,478</td><td>1,025</td><td>433</td><td>16</td><td>15</td><td>50</td><td>2</td><td>81</td><td>274</td><td>85</td><td>-</td><td>68</td></tr><tr><td>December</td><td>5,825</td><td>3,770</td><td>1,380</td><td>676</td><td>21</td><td>6</td><td>19</td><td>50</td><td>5</td><td>83</td><td>275</td><td>127</td><td>-</td><td>88</td></tr><tr><td>1943-January</td><td>5,947</td><td>4,053</td><td>1,274</td><td>620</td><td>18</td><td>17</td><td>17</td><td>44</td><td>3</td><td>95</td><td>331</td><td>77</td><td>-</td><td>18</td></tr><tr><td>February</td><td>5,770</td><td>3,239</td><td>2,002</td><td>528</td><td>12</td><td>12</td><td>12</td><td>39</td><td>5</td><td>79</td><td>223</td><td>68</td><td>20</td><td>59</td></tr><tr><td>March</td><td>6,744</td><td>3,985</td><td>2,053</td><td>705</td><td>17</td><td>*</td><td>17</td><td>55</td><td>5</td><td>103</td><td>285</td><td>103</td><td>20</td><td>98</td></tr><tr><td>April</td><td>6,974</td><td>3,727</td><td>2,102</td><td>1,145</td><td>514</td><td>21</td><td>15</td><td>61</td><td>6</td><td>120</td><td>248</td><td>69</td><td>-</td><td>92</td></tr><tr><td>May</td><td>7,092</td><td>3,857</td><td>2,251</td><td>984</td><td>382</td><td>11</td><td>26</td><td>77</td><td>5</td><td>106</td><td>243</td><td>85</td><td>-</td><td>51</td></tr><tr><td>June</td><td>7,469</td><td>3,424</td><td>2,980</td><td>1,065</td><td>318</td><td>4</td><td>33</td><td>70</td><td>5</td><td>117</td><td>315</td><td>116</td><td>-</td><td>86</td></tr><tr><td>July</td><td>6,432</td><td>3,808</td><td>1,898</td><td>726</td><td>12</td><td>8</td><td>24</td><td>72</td><td>5</td><td>95</td><td>319</td><td>105</td><td>-</td><td>85</td></tr><tr><td>August</td><td>7,232</td><td>4,219</td><td>2,037</td><td>976</td><td>180</td><td>16</td><td>27</td><td>68</td><td>5</td><td>118</td><td>361</td><td>119</td><td>-</td><td>81</td></tr></table>
Source: Daily Treasury Statements. Back Figures: For monthly figures commencing July 1940, see "Treasury Bulletin" for May 1943, page 7. Less than $500,000. 1/ Includes war public housing functions. 2/ Includes emergency ship construction, beginning March 1941.
2/ Similar items for periods prior to fiscal year 1941 are classified under Other departmental and Other general expenditures in Table 3. Includes war expenditures of Commerce, Justice, Interior, and State Departments; Civil Service Commission; Executive Offices of the President (including Office for Emergency Management); Panama Canal; capital stock of Smaller War Plants Corporation; and Defense Aid Special Fund.
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust Accounts, Etc.
(in millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Revolving funds (net) 1/</th><th colspan="6">Transfers to trust accounts, etc.</th></tr><tr><th>Total</th><th>Aid to agriculture 2/</th><th>Public works 3/</th><th>Total</th><th>Veterans' Administration 4/</th><th>Social Security program 5/</th><th>Government employees' retirement funds (U. S. share)</th><th>Aid to agriculture 6/</th><th>Federal contribution to District of Columbia (U. S. share)</th></tr><tr><td>1934</td><td>496</td><td>346</td><td>149</td><td>77</td><td>50</td><td>-</td><td>21</td><td>-</td><td>6</td></tr><tr><td>1935</td><td>345</td><td>141</td><td>204</td><td>76</td><td>50</td><td>-</td><td>21</td><td>-</td><td>5</td></tr><tr><td>1936</td><td>11</td><td>-33</td><td>44</td><td>1,820</td><td>1,773</td><td>-</td><td>41</td><td>-</td><td>6</td></tr><tr><td>1937</td><td>204</td><td>-18</td><td>221</td><td>608</td><td>557</td><td>-</td><td>47</td><td>-</td><td>5</td></tr><tr><td>1938</td><td>121</td><td>-13</td><td>134</td><td>225</td><td>-</td><td>146</td><td>73</td><td>-</td><td>5</td></tr><tr><td>1939</td><td>92</td><td>-8</td><td>101</td><td>187</td><td>-</td><td>107</td><td>75</td><td>*</td><td>5</td></tr><tr><td>1940</td><td>54</td><td>-6</td><td>59</td><td>232</td><td>-</td><td>121</td><td>87</td><td>18</td><td>6</td></tr><tr><td>1941</td><td>-136</td><td>-159 7/</td><td>23</td><td>331</td><td>10</td><td>132</td><td>93</td><td>91</td><td>6</td></tr><tr><td>1942</td><td>18</td><td>7</td><td>11</td><td>381</td><td>1</td><td>145</td><td>103</td><td>126</td><td>6</td></tr><tr><td>1943</td><td>40</td><td>41</td><td>-1</td><td>435</td><td>30</td><td>221</td><td>107</td><td>71</td><td>6</td></tr><tr><td>1942-August</td><td>*</td><td>*</td><td>*</td><td>19</td><td>6</td><td>6</td><td>-</td><td>7</td><td>-</td></tr><tr><td>September</td><td>-3</td><td>*</td><td>-2</td><td>5</td><td>4</td><td>-</td><td>-</td><td>2</td><td>-</td></tr><tr><td>October</td><td>*</td><td>*</td><td>*</td><td>56</td><td>2</td><td>34</td><td>-</td><td>20</td><td>-</td></tr><tr><td>November</td><td>-2</td><td>-2</td><td>*</td><td>3</td><td>2</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>December</td><td>1</td><td>-2</td><td>-2</td><td>25</td><td>2</td><td>-</td><td>-</td><td>23</td><td>-</td></tr><tr><td>1943-January</td><td>*</td><td>-1</td><td>1</td><td>35</td><td>1</td><td>34</td><td>-</td><td>*</td><td>-</td></tr><tr><td>February</td><td>1</td><td>-1</td><td>2</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March</td><td>7</td><td>8</td><td>*</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April</td><td>16</td><td>16</td><td>*</td><td>38</td><td>3</td><td>35</td><td>-</td><td>1</td><td>-</td></tr><tr><td>May</td><td>14</td><td>14</td><td>*</td><td>1</td><td>2</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>June</td><td>10</td><td>10</td><td>*</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July</td><td>-1</td><td>4</td><td>-5</td><td>344</td><td>1</td><td>161</td><td>177</td><td>-1</td><td>6</td></tr><tr><td>August</td><td>5</td><td>*</td><td>5</td><td>15</td><td>4</td><td>12</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Additional transactions on Aid to agriculture and Public works are shown in Table 3.
2/ Farm Credit Administration.
3/ Public Works Administration.
4/ Comprises Adjusted Service Certificate Fund and the National Service Life Insurance Fund, administered by the Veterans' Administration.
5/ Includes railroad retirement and railroad unemployment activities. For further explanations see tables which follow on Social Security program.
6/ Agricultural Marketing Administration (surplus commodity stamps).
7/ Groce expenditures have been reduced $155 millions representing the repayment of capital funds by certain United States Government agencies. For details see footnotes to Table 1.
10
Budget Receipts and Expenditures - (Continued)
Table 6.- Totals by Months, Beginning with 1934
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Net budget receipte 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>211</td><td>206</td><td>420</td><td>182</td><td>237</td><td>391</td><td>218</td><td>286</td><td>449</td><td>260</td><td>247</td><td>385</td><td>3,492</td></tr><tr><td>1935</td><td>203</td><td>214</td><td>601</td><td>228</td><td>246</td><td>464</td><td>279</td><td>299</td><td>421</td><td>235</td><td>234</td><td>434</td><td>3,857</td></tr><tr><td>1936</td><td>228</td><td>218</td><td>752</td><td>231</td><td>256</td><td>529</td><td>294</td><td>343</td><td>499</td><td>272</td><td>233</td><td>517</td><td>4,372</td></tr><tr><td>1937</td><td>239</td><td>230</td><td>967</td><td>318</td><td>290</td><td>828</td><td>367</td><td>412</td><td>747</td><td>292</td><td>286</td><td>823</td><td>5,798</td></tr><tr><td>1938</td><td>294</td><td>308</td><td>916</td><td>262</td><td>373</td><td>774</td><td>273</td><td>449</td><td>678</td><td>300</td><td>350</td><td>672</td><td>5,650</td></tr><tr><td>1939</td><td>271</td><td>367</td><td>687</td><td>213</td><td>347</td><td>557</td><td>265</td><td>372</td><td>676</td><td>279</td><td>364</td><td>521</td><td>4,918</td></tr><tr><td>1940</td><td>315</td><td>444</td><td>799</td><td>304</td><td>400</td><td>649</td><td>331</td><td>447</td><td>711</td><td>333</td><td>362</td><td>740</td><td>5,834</td></tr><tr><td>1941</td><td>340</td><td>541</td><td>1,566</td><td>565</td><td>394</td><td>1,276</td><td>413</td><td>397</td><td>1,135</td><td>445</td><td>564</td><td>1,212</td><td>8,849</td></tr><tr><td>1942</td><td>578</td><td>758</td><td>3,547</td><td>695</td><td>563</td><td>2,492</td><td>747</td><td>587</td><td>2,527</td><td>607</td><td>601</td><td>2,701</td><td>16,403</td></tr><tr><td>1943</td><td>788</td><td>955</td><td>5,206</td><td>1,514</td><td>1,480</td><td>4,569</td><td>2,007</td><td>2,721</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget expenditure 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>695</td><td>634</td><td>573</td><td>643</td><td>484</td><td>643</td><td>611</td><td>561</td><td>544</td><td>701</td><td>559</td><td>636</td><td>7,284</td></tr><tr><td>1935</td><td>482</td><td>528</td><td>570</td><td>599</td><td>527</td><td>693</td><td>561</td><td>424</td><td>570</td><td>632</td><td>489</td><td>607</td><td>6,682</td></tr><tr><td>1936</td><td>521</td><td>480</td><td>636</td><td>631</td><td>686</td><td>2,427</td><td>656</td><td>574</td><td>676</td><td>677</td><td>564</td><td>716</td><td>9,244</td></tr><tr><td>1937</td><td>539</td><td>546</td><td>766</td><td>695</td><td>514</td><td>1,253</td><td>635</td><td>517</td><td>632</td><td>565</td><td>457</td><td>635</td><td>7,754</td></tr><tr><td>1938</td><td>492</td><td>474</td><td>705</td><td>631</td><td>566</td><td>930</td><td>725</td><td>645</td><td>718</td><td>737</td><td>646</td><td>830</td><td>8,097</td></tr><tr><td>1939</td><td>656</td><td>612</td><td>820</td><td>730</td><td>694</td><td>895</td><td>764</td><td>774</td><td>741</td><td>721</td><td>648</td><td>832</td><td>8,885</td></tr><tr><td>1940</td><td>712</td><td>668</td><td>822</td><td>783</td><td>647</td><td>887</td><td>818</td><td>706</td><td>759</td><td>869</td><td>817</td><td>1,172</td><td>9,657</td></tr><tr><td>1941</td><td>1,111</td><td>1,075</td><td>1,399</td><td>1,315</td><td>1,141</td><td>1,528</td><td>1,598</td><td>1,529</td><td>1,874</td><td>2,083</td><td>1,858</td><td>2,542</td><td>19,053</td></tr><tr><td>1942</td><td>2,628</td><td>2,629</td><td>3,421</td><td>3,753</td><td>3,953</td><td>4,530</td><td>5,160</td><td>5,215</td><td>5,931</td><td>5,937</td><td>6,363</td><td>6,500</td><td>56,020</td></tr><tr><td>1943</td><td>6,372</td><td>6,119</td><td>7,354</td><td>7,466</td><td>7,435</td><td>8,327</td><td>7,112</td><td>7,617</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net budget deficit 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>484</td><td>428</td><td>153</td><td>461</td><td>247</td><td>252</td><td>393</td><td>275</td><td>95</td><td>441</td><td>312</td><td>251</td><td>3,792</td></tr><tr><td>1935</td><td>279</td><td>314</td><td>-31</td><td>371</td><td>281</td><td>230</td><td>282</td><td>125</td><td>149</td><td>397</td><td>255</td><td>173</td><td>2,825</td></tr><tr><td>1936</td><td>293</td><td>262</td><td>-116</td><td>400</td><td>430</td><td>1,898</td><td>362</td><td>231</td><td>177</td><td>405</td><td>331</td><td>199</td><td>4,872</td></tr><tr><td>1937</td><td>300</td><td>316</td><td>-200</td><td>377</td><td>224</td><td>425</td><td>268</td><td>105</td><td>-115</td><td>273</td><td>171</td><td>-188</td><td>1,956</td></tr><tr><td>1938</td><td>198</td><td>166</td><td>-212</td><td>369</td><td>193</td><td>156</td><td>451</td><td>195</td><td>40</td><td>437</td><td>296</td><td>157</td><td>2,447</td></tr><tr><td>1939</td><td>385</td><td>245</td><td>132</td><td>517</td><td>348</td><td>339</td><td>499</td><td>402</td><td>65</td><td>442</td><td>284</td><td>311</td><td>3,967</td></tr><tr><td>1940</td><td>398</td><td>224</td><td>22</td><td>479</td><td>247</td><td>237</td><td>487</td><td>258</td><td>48</td><td>536</td><td>455</td><td>432</td><td>3,823</td></tr><tr><td>1941</td><td>771</td><td>534</td><td>-167</td><td>750</td><td>747</td><td>252</td><td>1,185</td><td>1,133</td><td>739</td><td>1,637</td><td>1,294</td><td>1,329</td><td>10,204</td></tr><tr><td>1942</td><td>2,050</td><td>1,871</td><td>-126</td><td>3,058</td><td>3,391</td><td>2,037</td><td>4,413</td><td>4,628</td><td>3,404</td><td>5,331</td><td>5,761</td><td>3,799</td><td>39,618</td></tr><tr><td>1943</td><td>5,584</td><td>5,164</td><td>2,147</td><td>5,952</td><td>5,955</td><td>3,758</td><td>5,105</td><td>4,896</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury Statements. 1/ Total receipts less net amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund.
2/ Excludes public debt retirements. 3/ Total expenditures less net receipts.
11
BUDGET RECEIPTS AND EXPENDITURES
12
Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc.
Table 1.- Trust Funds
(in millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total trust funds, net receipts (+) or net expenditures (-)</th><th colspan="2">Federal Old-Age and Survivors Insurance Trust Fund</th><th colspan="2">Unemployment Trust Fund</th><th colspan="2">Railroad Retirement Account</th><th colspan="2">Other trust accounts 1/</th></tr><tr><th></th><th></th><th>Net</th><th>Receipts</th><th>Expenses</th><th>Net</th><th>Receipts</th><th>Expenses</th><th>Net</th><th>Receipts</th><th>Expenses</th></tr><tr><td>1934</td><td>+24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+24</td><td>233</td><td>210</td></tr><tr><td>1935</td><td>+64</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+64</td><td>301</td><td>237</td></tr><tr><td>1936</td><td>+34</td><td>-</td><td>267</td><td>267</td><td>-</td><td>19</td><td>19</td><td>+34</td><td>2,053</td><td>2,020</td></tr><tr><td>1937</td><td>+19</td><td>-</td><td>402</td><td>401</td><td>+12</td><td>763</td><td>751</td><td>+2</td><td>148</td><td>146</td></tr><tr><td>1938</td><td>+11</td><td>+1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-4</td><td>323</td><td>327</td></tr><tr><td>1939</td><td>+29</td><td>+1</td><td>530</td><td>529</td><td>+1</td><td>838</td><td>837</td><td>+24</td><td>109</td><td>107</td></tr><tr><td>1940</td><td>+37</td><td>+3</td><td>580</td><td>577</td><td>+1</td><td>959</td><td>957</td><td>+35</td><td>123</td><td>125</td></tr><tr><td>1941</td><td>+37</td><td>+10</td><td>717</td><td>707</td><td>-4</td><td>1,114</td><td>1,118</td><td>+20</td><td>169</td><td>116</td></tr><tr><td>1942</td><td>+66</td><td>+9</td><td>940</td><td>931</td><td>*</td><td>1,244</td><td>1,243</td><td>+57</td><td>144</td><td>144</td></tr><tr><td>1943</td><td>+92</td><td>+6</td><td>1,190</td><td>1,185</td><td>-6</td><td>1,399</td><td>1,404</td><td>+88</td><td>221</td><td>217</td></tr><tr><td>1942-August</td><td>+197</td><td>+193</td><td>210</td><td>16</td><td>+3</td><td>223</td><td>220</td><td>+1</td><td>41</td><td>41</td></tr><tr><td>September</td><td>-227</td><td>-229</td><td>1</td><td>230</td><td>-1</td><td>29</td><td>30</td><td>+2</td><td>68</td><td>66</td></tr><tr><td>October</td><td>+60</td><td>+42</td><td>42</td><td>*</td><td>+1</td><td>50</td><td>54</td><td>+22</td><td>64</td><td>42</td></tr><tr><td>November</td><td>+274</td><td>+227</td><td>229</td><td>2</td><td>+40</td><td>243</td><td>203</td><td>+6</td><td>54</td><td>48</td></tr><tr><td>December</td><td>-290</td><td>-273</td><td>2</td><td>274</td><td>-36</td><td>73</td><td>109</td><td>+19</td><td>66</td><td>48</td></tr><tr><td>1943-January</td><td>+24</td><td>+33</td><td>35</td><td>2</td><td>-2</td><td>40</td><td>42</td><td>-8</td><td>66</td><td>74</td></tr><tr><td>February</td><td>+222</td><td>+236</td><td>235</td><td>*</td><td>-2</td><td>262</td><td>264</td><td>-11</td><td>47</td><td>58</td></tr><tr><td>March</td><td>-260</td><td>-272</td><td>2</td><td>274</td><td>+1</td><td>34</td><td>33</td><td>+11</td><td>82</td><td>71</td></tr><tr><td>April</td><td>+49</td><td>+41</td><td>41</td><td>1</td><td>+3</td><td>35</td><td>32</td><td>+6</td><td>91</td><td>85</td></tr><tr><td>May</td><td>+266</td><td>+248</td><td>262</td><td>14</td><td>+2</td><td>277</td><td>275</td><td>+15</td><td>82</td><td>67</td></tr><tr><td>June</td><td>-279</td><td>-287</td><td>84</td><td>371</td><td>-8</td><td>81</td><td>88</td><td>+11</td><td>152</td><td>141</td></tr><tr><td>July</td><td>+92</td><td>+40</td><td>41</td><td>1</td><td>+1</td><td>44</td><td>42</td><td>+55</td><td>316</td><td>261</td></tr><tr><td>August</td><td>+275</td><td>+270</td><td>284</td><td>14</td><td>+4</td><td>313</td><td>308</td><td>+1</td><td>101</td><td>100</td></tr></table>
Sources: Daily Treasury Statements
Less than $500,000.
1/ Includes Government insurance and retirement funds, etc.
Table 2. - Other Funds
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Transactions in checking accounts of Government agencies, etc.</th><th colspan="3">Increment on gold</th><th colspan="3">Seigniorage on silver</th><th colspan="3">Miscellaneous funds and accounts 1/</th></tr><tr><th></th><th>Total all transactions</th><th>Issuance of obligations 2/</th><th>Other transactions</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th></tr><tr><td>1934</td><td>-734</td><td>3/</td><td>1/</td><td>+811</td><td>2,811</td><td>2,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>+637</td><td>3/</td><td>3/</td><td>-111</td><td>2</td><td>113</td><td>+140</td><td>140</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>+108</td><td>3/</td><td>1/</td><td>-403</td><td>1</td><td>404</td><td>+176</td><td>176</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>+314</td><td>3/</td><td>3/</td><td>-99</td><td>2</td><td>101</td><td>+40</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1938</td><td>+204</td><td>3/</td><td>3/</td><td>-51</td><td>1</td><td>52</td><td>+90</td><td>90</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>+768</td><td>+1,106</td><td>-337</td><td>-5</td><td>*</td><td>5</td><td>+90</td><td>90</td><td>-</td><td>+2</td><td>*</td><td>-2</td></tr><tr><td>1940</td><td>+34</td><td>+288</td><td>-254</td><td>*</td><td>*</td><td>*</td><td>+49</td><td>49</td><td>-</td><td>+16</td><td>43</td><td>27</td></tr><tr><td>1941</td><td>-217</td><td>+852</td><td>-1,069</td><td>*</td><td>*</td><td>*</td><td>+20</td><td>20</td><td>-</td><td>+11</td><td>24</td><td>233</td></tr><tr><td>1942</td><td>-3,625</td><td>-1,809</td><td>-1,815</td><td>*</td><td>*</td><td>*</td><td>+14</td><td>14</td><td>-</td><td>+39</td><td>331</td><td>292</td></tr><tr><td>1943</td><td>-2,194</td><td>-658</td><td>-1,535</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+241</td><td>155</td><td>-86</td></tr><tr><td>1942-August</td><td>-262</td><td>+9</td><td>-271</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+10</td><td>20</td><td>10</td></tr><tr><td>September</td><td>-25</td><td>-23</td><td>-2</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+6</td><td>14</td><td>8</td></tr><tr><td>October</td><td>-583</td><td>-311</td><td>-272</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+27</td><td>32</td><td>5</td></tr><tr><td>November</td><td>+449</td><td>-2</td><td>+451</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+13</td><td>10</td><td>-2</td></tr><tr><td>December</td><td>-548</td><td>-5</td><td>-543</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+44</td><td>33</td><td>-11</td></tr><tr><td>1943-January</td><td>-186</td><td>-8</td><td>-178</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+27</td><td>8</td><td>-19</td></tr><tr><td>February</td><td>-370</td><td>-25</td><td>-345</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+26</td><td>5</td><td>-21</td></tr><tr><td>March</td><td>-300</td><td>-11</td><td>-289</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+11</td><td>*</td><td>-11</td></tr><tr><td>April</td><td>-17</td><td>-4</td><td>-13</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+16</td><td>1</td><td>-15</td></tr><tr><td>May</td><td>-356</td><td>-290</td><td>-66</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+51</td><td>*</td><td>-52</td></tr><tr><td>June</td><td>+82</td><td>-2</td><td>+83</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-9</td><td>*</td><td>9</td></tr><tr><td>July</td><td>-726</td><td>-381</td><td>-345</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-1</td><td>*</td></tr><tr><td>August</td><td>-148</td><td>-3</td><td>-145</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>+4</td><td>-</td><td>-4</td></tr></table>
Source: Daily Treasury Statements
Less than $500,000.
l/ Comprises PWA revolving fund, and special deposits (net).
Also includes Agricultural Marketing Administration commodity
food stamp transactions
2/ Net receipts in this column constitute net sales, and net expenditures constitute net redemptions of obligations.
Details not available.
13
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Amount required to be financed</th><th colspan="3">Means of financing</th></tr><tr><th>Total amount required to be financed</th><th>Net budget deficit 1/</th><th>Net increase in General Fund balance</th><th>Net expenditures in trust accounts, increment on gold, etc. 2/</th><th>Total amount financed</th><th>Net increase in public debt</th><th>Net decrease in General Fund balance</th><th>Net receipts in trust accounts, increment on gold, etc. 2/</th></tr><tr><td>1934</td><td>4,616</td><td>2,896</td><td>1,720</td><td>-</td><td>4,616</td><td>4,514</td><td>-</td><td>101</td></tr><tr><td>1935</td><td>3,209</td><td>3,209</td><td>-</td><td>-</td><td>3,209</td><td>1,648</td><td>741</td><td>821</td></tr><tr><td>1936</td><td>5,390</td><td>4,550</td><td>840</td><td>-</td><td>5,390</td><td>5,078</td><td>-</td><td>312</td></tr><tr><td>1937</td><td>3,149</td><td>3,149</td><td>-</td><td>-</td><td>3,149</td><td>2,646</td><td>128</td><td>374</td></tr><tr><td>1938</td><td>1,384</td><td>1,384</td><td>-</td><td>-</td><td>1,384</td><td>740</td><td>338</td><td>306</td></tr><tr><td>1939</td><td>4,164</td><td>3,542</td><td>622</td><td>-</td><td>4,164</td><td>3,275</td><td>-</td><td>890</td></tr><tr><td>1940</td><td>3,611</td><td>3,611</td><td>-</td><td>-</td><td>3,611</td><td>2,526</td><td>947</td><td>136</td></tr><tr><td>1941</td><td>5,994</td><td>5,103</td><td>742</td><td>148</td><td>5,994</td><td>5,994</td><td>-</td><td>-</td></tr><tr><td>1942</td><td>23,461</td><td>19,598</td><td>358</td><td>3,506</td><td>23,461</td><td>23,461</td><td>-</td><td>-</td></tr><tr><td>1943</td><td>64,274</td><td>55,897</td><td>6,515</td><td>1,861</td><td>64,274</td><td>64,274</td><td>-</td><td>-</td></tr><tr><td>1942-August</td><td>4,683</td><td>4,628</td><td>-</td><td>54</td><td>4,683</td><td>4,549</td><td>134</td><td>-</td></tr><tr><td>September</td><td>4,798</td><td>3,404</td><td>1,148</td><td>245</td><td>4,798</td><td>4,798</td><td>-</td><td>-</td></tr><tr><td>October</td><td>6,420</td><td>5,331</td><td>594</td><td>496</td><td>6,420</td><td>6,420</td><td>-</td><td>-</td></tr><tr><td>November</td><td>5,761</td><td>5,761</td><td>-</td><td>-</td><td>5,761</td><td>3,212</td><td>1,814</td><td>736</td></tr><tr><td>December</td><td>12,054</td><td>3,799</td><td>7,461</td><td>794</td><td>12,054</td><td>12,054</td><td>-</td><td>-</td></tr><tr><td>1943-January</td><td>5,719</td><td>5,584</td><td>-</td><td>135</td><td>5,719</td><td>2,899</td><td>2,819</td><td>-</td></tr><tr><td>February</td><td>5,286</td><td>5,164</td><td>-</td><td>122</td><td>5,286</td><td>2,954</td><td>2,331</td><td>-</td></tr><tr><td>March</td><td>2,696</td><td>2,147</td><td>-</td><td>549</td><td>2,696</td><td>1,483</td><td>1,213</td><td>-</td></tr><tr><td>April</td><td>14,390</td><td>5,952</td><td>8,438</td><td>-</td><td>14,390</td><td>14,342</td><td>-</td><td>48</td></tr><tr><td>May</td><td>6,064</td><td>5,955</td><td>70</td><td>39</td><td>6,064</td><td>6,064</td><td>-</td><td>-</td></tr><tr><td>June</td><td>3,964</td><td>3,758</td><td>-</td><td>206</td><td>3,964</td><td>784</td><td>3,180</td><td>-</td></tr><tr><td>July</td><td>5,740</td><td>5,105</td><td>-</td><td>635</td><td>5,740</td><td>4,828</td><td>912</td><td>-</td></tr><tr><td>August</td><td>4,896</td><td>4,896</td><td>-</td><td>-</td><td>4,896</td><td>2,534</td><td>2,231</td><td>131</td></tr></table>
Source: Daily Treasury Statements. Y/ Excludes amounts for public debt retirement which are chargeable to the sinking fund, etc., under special provisions of law.
Comprises trust accounts, checking accounts of Government agencies, etc., increment on gold, seigniorage on silver, and miscellaneous funds and accounts. Increment on gold excludes expenditures for national bank note retirements.
14
Social Security Program
Section I.- Budget Receipts and Expenditures
Table 1.- Social Security Act
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Gross receipts</th><th rowspan="2">Less amounts credited to Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th rowspan="2">Net receipts</th></tr><tr><th>Total</th><th>Federal Insurance Contributions Act (Old-age insurance) 1/</th><th>Federal Unemployment Tax Act (Unemployment insurance) 2/</th></tr><tr><td>1935</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>252.2</td><td>194.3</td><td>57.8</td><td>265.0</td><td>-12.5</td></tr><tr><td>1938</td><td>604.4</td><td>514.4</td><td>90.1</td><td>387.0</td><td>217.4</td></tr><tr><td>1939</td><td>631.2</td><td>530.4</td><td>100.9</td><td>503.0</td><td>128.2</td></tr><tr><td>1940</td><td>712.2</td><td>604.7</td><td>107.5</td><td>537.7</td><td>174.5</td></tr><tr><td>1941</td><td>788.2</td><td>690.6</td><td>97.7</td><td>661.3</td><td>126.9</td></tr><tr><td>1942</td><td>1,015.6</td><td>895.6</td><td>119.9</td><td>868.9</td><td>146.7</td></tr><tr><td>1943</td><td>1,288.9</td><td>1,130.5</td><td>158.4</td><td>1,103.0</td><td>185.9</td></tr><tr><td>1942-August</td><td>220.1</td><td>211.7</td><td>8.5</td><td>209.4</td><td>10.7</td></tr><tr><td>September</td><td>4.3</td><td>3.4</td><td>.9</td><td>1.2</td><td>3.1</td></tr><tr><td>October</td><td>46.6</td><td>43.9</td><td>2.6</td><td>41.4</td><td>5.1</td></tr><tr><td>November</td><td>239.8</td><td>231.1</td><td>8.7</td><td>228.5</td><td>11.2</td></tr><tr><td>December</td><td>4.5</td><td>3.5</td><td>1.0</td><td>1.0</td><td>3.5</td></tr><tr><td>1943-January</td><td>50.7</td><td>37.1</td><td>13.6</td><td>35.3</td><td>15.4</td></tr><tr><td>February</td><td>335.8</td><td>236.7</td><td>99.0</td><td>234.9</td><td>100.9</td></tr><tr><td>March</td><td>6.1</td><td>2.9</td><td>3.2</td><td>1.0</td><td>5.1</td></tr><tr><td>April</td><td>46.7</td><td>43.4</td><td>3.3</td><td>40.8</td><td>5.8</td></tr><tr><td>May</td><td>276.2</td><td>264.6</td><td>11.7</td><td>262.0</td><td>14.2</td></tr><tr><td>June</td><td>5.9</td><td>2.8</td><td>3.1</td><td>.2</td><td>5.7</td></tr><tr><td>July</td><td>46.8</td><td>43.6</td><td>3.2</td><td>40.8</td><td>6.0</td></tr><tr><td>August</td><td>294.7</td><td>286.6</td><td>8.1</td><td>283.8</td><td>10.9</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Total</th><th colspan="5">Social Security Board</th><th colspan="5">Grants to States</th><th rowspan="2">Refunds of taxes</th><th rowspan="2">Excess of expenditures 5/</th></tr><tr><th>Total</th><th>Administrative expense</th><th>Old-age assistance</th><th>Aid to dependent children</th><th>Aid to the blind</th><th>Unemployment compensation administration</th><th>Public Health Service</th><th>Department of Labor</th><th>Office for Emergency Management</th></tr><tr><th></th><th></th><th></th><th colspan="4">Social Security Board</th><th>Public Health Service</th><th>Department of Labor</th><th>Office for Emergency Management</th><th></th><th></th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Old-age assistance</th><th>Aid to dependent children</th><th>Aid to the blind</th><th>Unemployment compensation administration</th><th>Public health work</th><th>Maternal and child health services</th><th>Services for crippled children</th><th>Child welfare services</th><th>War Manpower Commission (U. S. Employment Service)</th><th>Refunds of taxes</th><th>Excess of expenditures</th></tr><tr><td>1936</td><td>28.4</td><td>.6</td><td>27.8</td><td>19.7</td><td>2.0</td><td>1.0</td><td>.9</td><td>2.4</td><td>1.0</td><td>.6</td><td>.2</td><td>-</td><td>28.4</td></tr><tr><td>1937</td><td>182.7</td><td>15.8</td><td>166.9</td><td>124.8</td><td>14.3</td><td>4.6</td><td>9.1</td><td>7.8</td><td>3.1</td><td>2.1</td><td>1.0</td><td>-</td><td>195.5</td></tr><tr><td>1938</td><td>332.5</td><td>20.0</td><td>271.5</td><td>182.2</td><td>25.5</td><td>5.2</td><td>41.9</td><td>8.9</td><td>3.8</td><td>2.7</td><td>1.4</td><td>41.0 6/</td><td>115.1</td></tr><tr><td>1939</td><td>343.3</td><td>21.3</td><td>320.3</td><td>208.8</td><td>31.0</td><td>5.3</td><td>58.9</td><td>8.0</td><td>3.7</td><td>3.0</td><td>1.5</td><td>1.8</td><td>215.1</td></tr><tr><td>1940</td><td>384.2</td><td>25.3</td><td>356.5</td><td>227.6</td><td>45.4</td><td>6.2</td><td>58.3</td><td>9.4</td><td>4.8</td><td>3.3</td><td>1.5</td><td>2.5</td><td>209.7</td></tr><tr><td>1941</td><td>449.4</td><td>31.5</td><td>415.2</td><td>260.1</td><td>63.2</td><td>7.1</td><td>63.0</td><td>10.8</td><td>5.5</td><td>4.0</td><td>1.5</td><td>2.6</td><td>322.5</td></tr><tr><td>1942</td><td>504.4</td><td>31.5</td><td>469.6</td><td>299.1</td><td>69.4</td><td>8.0</td><td>70.3</td><td>11.4</td><td>5.9</td><td>4.0</td><td>1.6</td><td>3.5</td><td>357.8</td></tr><tr><td>1943</td><td>527.2</td><td>33.3</td><td>491.1</td><td>316.9</td><td>67.3</td><td>8.5</td><td>55.1</td><td>10.7</td><td>6.5</td><td>3.8</td><td>1.6</td><td>2.8</td><td>341.3</td></tr><tr><td>1942-August</td><td>41.7</td><td>2.7</td><td>38.7</td><td>26.0</td><td>6.8</td><td>.8</td><td>3.3</td><td>.6</td><td>.4</td><td>.5</td><td>.3</td><td>-</td><td>31.0</td></tr><tr><td>September</td><td>21.2</td><td>2.5</td><td>18.5</td><td>11.0</td><td>2.9</td><td>.4</td><td>3.5</td><td>*</td><td>.5</td><td>.3</td><td>*</td><td>-.3</td><td>18.1</td></tr><tr><td>October</td><td>61.2</td><td>2.8</td><td>60.1</td><td>35.2</td><td>8.2</td><td>1.0</td><td>12.4</td><td>2.4</td><td>.5</td><td>.3</td><td>.3</td><td>-.3</td><td>58.0</td></tr><tr><td>November</td><td>38.9</td><td>2.3</td><td>36.4</td><td>24.8</td><td>6.4</td><td>.7</td><td>3.0</td><td>*</td><td>.8</td><td>.5</td><td>.1</td><td>.2</td><td>27.7</td></tr><tr><td>December</td><td>34.8</td><td>2.7</td><td>31.9</td><td>24.9</td><td>2.7</td><td>.4</td><td>2.0</td><td>-</td><td>.5</td><td>.2</td><td>*</td><td>1.3</td><td>31.4</td></tr><tr><td>1943-January</td><td>58.9</td><td>2.6</td><td>56.1</td><td>30.9</td><td>6.9</td><td>.9</td><td>10.8</td><td>2.3</td><td>.6</td><td>.3</td><td>.3</td><td>3.1</td><td>43.5</td></tr><tr><td>February</td><td>29.3</td><td>2.8</td><td>26.3</td><td>16.4</td><td>4.4</td><td>.4</td><td>.2</td><td>*</td><td>.6</td><td>.5</td><td>.1</td><td>3.8</td><td>-71.6</td></tr><tr><td>March</td><td>43.4</td><td>3.3</td><td>39.9</td><td>27.2</td><td>3.2</td><td>.8</td><td>1.7</td><td>.1</td><td>.2</td><td>.1</td><td>*</td><td>6.5</td><td>38.3</td></tr><tr><td>April</td><td>61.6</td><td>3.0</td><td>58.3</td><td>38.6</td><td>8.2</td><td>1.0</td><td>4.7</td><td>2.1</td><td>.5</td><td>.5</td><td>.4</td><td>2.4</td><td>55.7</td></tr><tr><td>May</td><td>39.0</td><td>2.9</td><td>35.8</td><td>25.3</td><td>5.4</td><td>.8</td><td>.3</td><td>.3</td><td>1.1</td><td>.4</td><td>*</td><td>2.1</td><td>24.8</td></tr><tr><td>June</td><td>16.4</td><td>3.0</td><td>13.1</td><td>9.6</td><td>.6</td><td>.1</td><td>.2</td><td>*</td><td>.8</td><td>.3</td><td>*</td><td>1.5</td><td>10.7</td></tr><tr><td>July</td><td>59.9</td><td>2.8</td><td>56.8</td><td>41.1</td><td>7.1</td><td>1.2</td><td>3.6</td><td>2.2</td><td>.3</td><td>.1</td><td>*</td><td>1.0</td><td>53.8</td></tr><tr><td>August</td><td>52.6</td><td>2.5</td><td>49.8</td><td>32.8</td><td>6.5</td><td>.9</td><td>7.0</td><td>1.1</td><td>.7</td><td>.4</td><td>.3</td><td>.2</td><td>41.7</td></tr></table>
Source: Daily Treasury Statements.
* Less than $50,000.
1/ Formerly Title VIII of the Social Security Act.
2/ Formerly Title IX of the Social Security Act. Includes amounts equal to appropriations to Railroad Unemployment Insurance Administration Fund equivalent to amounts of taxes collected with respect to the period from January 1936 to June 1939, inclusive, from employers subject to the Railroad Unemployment Insurance Act (See Table 3 of Section I).
3/ Prior to January 1, 1940, figures represent amounts transferred to the Old-Age Reserve Account. From January 1 to July 1, 1940 "transfers" were made to the Federal Old-Age and Survivors Insurance Trust Fund. Subsequently receipts have been deposited in the General Fund of the Treasury and "appropriated" directly to the Federal Old-Age and Survivors Insurance Trust Fund. Amounts shown as transfers reflect deductions made for reimbursement to the General Fund account to cover administrative expenses, which are shown as expenditures in
Section II. Table 1.
4/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act; namely, Social Security Board, Department of Commerce, and Department of Labor; and administrative expenses reimbursed to the General Fund of the Treasury under Section 201 (f) of the Social Security Act, as amended. Beginning July 1, 1940, includes also administrative expenses under the Wagner-Peyser Act. Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Revenue of the Treasury Department, and Public Health Service and Office of Education of the Federal Security Agency.
5/ Covered by appropriations by Congress.
6/ Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $40,561,886 for making refund to certain States of portions of Federal employers' tax for 1936 collected under the Social Security Act.
15
Social Security Program - (Continued)
Section I.- Budget Receipts and Expenditures - (Continued)
Table 2.- Railroad Retirement Act
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Receipts Carriers' Taxing Act of 1937</th><th>Total</th><th>Expenditures Administrative expenses 1/</th><th>Transfers to Railroad Retirement Account (trust account)</th><th>Refunds of taxes</th><th>Excess of expenditures 2/</th></tr><tr><td>1936</td><td>*</td><td>.3</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>1937</td><td>.3</td><td>1.5</td><td>1.5</td><td>-</td><td>-</td><td>1.2</td></tr><tr><td>1938</td><td>150.1</td><td>149.0</td><td>2.6</td><td>146.4</td><td>.1</td><td>-1.1</td></tr><tr><td>1939</td><td>109.3</td><td>110.0</td><td>2.9</td><td>107.1</td><td>.1</td><td>.7</td></tr><tr><td>1940</td><td>121.0</td><td>123.3</td><td>2.6</td><td>120.7</td><td>*</td><td>2.3</td></tr><tr><td>1941</td><td>136.9</td><td>128.2</td><td>3.8</td><td>124.4</td><td>.1</td><td>-8.7</td></tr><tr><td>1942</td><td>170.0</td><td>148.5</td><td>7.6</td><td>140.9</td><td>*</td><td>-21.6</td></tr><tr><td>1943</td><td>208.8</td><td>220.2</td><td>5.4</td><td>214.8</td><td>*</td><td>11.4</td></tr><tr><td>1942-August</td><td>11.5</td><td>.7</td><td>.7</td><td>-</td><td>*</td><td>-10.8</td></tr><tr><td>September</td><td>36.5</td><td>.5</td><td>.5</td><td>-</td><td>*</td><td>-36.0</td></tr><tr><td>October</td><td>1.1</td><td>34.0</td><td>.5</td><td>33.5</td><td>*</td><td>32.8</td></tr><tr><td>November</td><td>8.2</td><td>.5</td><td>.4</td><td>-</td><td>*</td><td>-7.7</td></tr><tr><td>December</td><td>42.8</td><td>.4</td><td>.4</td><td>-</td><td>*</td><td>-42.4</td></tr><tr><td>1943-January</td><td>1.1</td><td>34.5</td><td>.5</td><td>34.0</td><td>-</td><td>33.4</td></tr><tr><td>February</td><td>7.4</td><td>.5</td><td>.5</td><td>-</td><td>*</td><td>-6.9</td></tr><tr><td>March</td><td>41.8</td><td>.4</td><td>.4</td><td>-</td><td>*</td><td>-41.3</td></tr><tr><td>April</td><td>3.0</td><td>35.1</td><td>.4</td><td>34.7</td><td>*</td><td>32.1</td></tr><tr><td>May</td><td>5.9</td><td>.2</td><td>.2</td><td>-</td><td>*</td><td>-5.7</td></tr><tr><td>June</td><td>48.6</td><td>.3</td><td>.3</td><td>-</td><td>*</td><td>-48.3</td></tr><tr><td>July</td><td>1.1</td><td>161.0</td><td>.2</td><td>160.7</td><td>*</td><td>159.8</td></tr><tr><td>August</td><td>15.0</td><td>.2</td><td>.2</td><td>-</td><td>*</td><td>-14.8</td></tr></table>
Source: Daily Treasury Statements.
* Less than $50,000.
1/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad
2/ Retirement Act. Covered by appropriations from the General Fund of the Treasury.
Table 3.- Railroad Unemployment Insurance Act
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Receipts Railroad unemployment insurance contributions 2/</th><th colspan="3">Expenditures</th><th rowspan="2">Excess of expenditures 5/</th></tr><tr><th>Total</th><th>Administrative expenses (Railroad Unemployment Insurance Administration Fund) 3/</th><th>Transfers to Railroad Unemployment Insurance Account, Unemployment Trust Fund 4/</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1938</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>-</td><td>.5</td><td>.5</td><td>-</td><td>.5</td></tr><tr><td>1940</td><td>4.9</td><td>5.0</td><td>5.0</td><td>-</td><td>.1</td></tr><tr><td>1941</td><td>6.8</td><td>10.9</td><td>3.4</td><td>7.5</td><td>4.1</td></tr><tr><td>1942</td><td>8.5</td><td>6.4</td><td>2.5</td><td>3.9</td><td>-2.1</td></tr><tr><td>1943</td><td>10.3</td><td>8.2</td><td>2.2</td><td>6.0</td><td>-2.1</td></tr><tr><td>1942-August</td><td>.2</td><td>6.2</td><td>.2</td><td>6.0</td><td>6.0</td></tr><tr><td>September</td><td>2.2</td><td>.2</td><td>.2</td><td>-</td><td>-2.1</td></tr><tr><td>October</td><td>*</td><td>.1</td><td>.1</td><td>-</td><td>.1</td></tr><tr><td>November</td><td>.1</td><td>.2</td><td>.2</td><td>-</td><td>.1</td></tr><tr><td>December</td><td>2.5</td><td>.2</td><td>.2</td><td>-</td><td>-2.3</td></tr><tr><td>1943-January</td><td>*</td><td>.1</td><td>.1</td><td>-</td><td>.1</td></tr><tr><td>February</td><td>.1</td><td>.2</td><td>.2</td><td>-</td><td>.1</td></tr><tr><td>March</td><td>2.5</td><td>.2</td><td>.2</td><td>-</td><td>-2.3</td></tr><tr><td>April</td><td>*</td><td>.2</td><td>.2</td><td>-</td><td>.2</td></tr><tr><td>May</td><td>*</td><td>.2</td><td>.2</td><td>-</td><td>.2</td></tr><tr><td>June</td><td>2.6</td><td>.3</td><td>.3</td><td>-</td><td>-2.3</td></tr><tr><td>July</td><td>*</td><td>.2</td><td>.2</td><td>-</td><td>.2</td></tr><tr><td>August</td><td>.1</td><td>11.9</td><td>.2</td><td>11.7</td><td>11.8</td></tr></table>
Source: Daily Treasury Statements.
1/ Operated as Railroad Unemployment Insurance Administration Fund.
2/ Represents 10% of contributions under the Railroad Unemployment Insurance Act; the remaining 90% is deposited in the Railroad Unemployment Insurance Account, Unemployment Trust Fund (See Section II, Table 3). Excludes amounts appropriated to Railroad Unemployment Insurance Administration Fund equivalent to amounts of taxes collected with respect to the period from January 1936 to June 1939, inclusive, from employers subject to the Railroad Unemployment Insurance Act, as follows
(in millions): Calendar year 1936 - $2.7, 1937 - $5.3, 1938 - $6.8, and for the first six months of the calendar year 1939 - $2.9, aggregating $17.7. These amounts are included in Table 1 under Federal Unemployment Tax Act (unemployment insurance).
3/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad Unemployment Insurance Act.
4/ Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, 1940).
5/ Covered by appropriations by Congress.
16
Social Security Program - (Continued)
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fund
(Cumulative from organization - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Appropriations by Congress</th><th>Interest on investments</th><th>Total expenditures</th><th>Old-age benefit payments</th><th>Reimbursement for administrative expenses 2/</th><th>Total investments</th><th>Investments</th><th>Unexpended balance</th></tr><tr><th></th><th colspan="3"></th><th colspan="3"></th><th colspan="3">In General Fund</th><th>In disburser's account</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>267.2</td><td>267.1</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>267.3</td><td>265.0</td><td>2.3</td><td>-</td><td>-</td><td>-</td><td>177.2</td><td>662.3</td><td>113.0</td><td>1.9</td></tr><tr><td>1938</td><td>782.7</td><td>765.0</td><td>17.7</td><td>5.4</td><td>5.4</td><td>-</td><td>1,180.3</td><td>1,177.2</td><td>.1</td><td>3.0</td></tr><tr><td>1939</td><td>1,199.6</td><td>1,155.0</td><td>44.6</td><td>19.3</td><td>19.3</td><td>-</td><td>1,744.7</td><td>1,738.1</td><td>.5</td><td>6.1</td></tr><tr><td>1940</td><td>1,792.1</td><td>1,705.0</td><td>87.1</td><td>47.4</td><td>35.1</td><td>12.3</td><td>2,397.6</td><td>2,380.6</td><td>6.2</td><td>10.3</td></tr><tr><td>1941</td><td>2,536.2</td><td>2,593.1</td><td>143.1</td><td>138.6</td><td>99.5</td><td>39.1</td><td>3,227.2</td><td>3,201.6</td><td>5.2</td><td>20.4</td></tr><tr><td>1942</td><td>3,502.8</td><td>3,288.8</td><td>214.1</td><td>275.6</td><td>209.8</td><td>65.9</td><td>4,268.3</td><td>4,236.8</td><td>7.0</td><td>24.5</td></tr><tr><td>1943</td><td>4,720.7</td><td>4,419.3</td><td>301.5</td><td>452.4</td><td>359.1</td><td>93.4</td><td>4,263.3</td><td>4,236.8</td><td>7.0</td><td>24.5</td></tr><tr><td>1943-June</td><td>4,720.7</td><td>4,419.3</td><td>301.5</td><td>452.4</td><td>359.1</td><td>93.4</td><td>4,263.3</td><td>4,236.8</td><td>7.0</td><td>24.5</td></tr><tr><td>July</td><td>4,764.3</td><td>4,462.8</td><td>301.5</td><td>469.0</td><td>372.8</td><td>96.2</td><td>4,295.4</td><td>4,223.8</td><td>47.7</td><td>23.8</td></tr><tr><td>August</td><td>5,051.0</td><td>4,749.5</td><td>301.5</td><td>485.7</td><td>386.7</td><td>99.0</td><td>4,565.2</td><td>4,223.8</td><td>317.6</td><td>23.8</td></tr></table>
Source: Daily Treasury Statements
Less than $50,000.
1/ Includes transactions effected under the predecessor Old-Age
Reserve Account
2/ Under Section 201 (f) of the Social Security Act amendments of 1939.
Table 2.- Railroad Retirement Act
(Cumulative from organization - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Receipts</th><th rowspan="2">Expenditures Benefit payments</th><th colspan="4">Balance</th></tr><tr><th>Total receipts</th><th>Appropriations by Congress</th><th>Interest on investments</th><th>Total</th><th>Investments</th><th colspan="2">Unexpended balance</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>In General Fund</th><th>In disbursing officer's account</th></tr><tr><td>1936</td><td>46.6</td><td>46.6</td><td>-</td><td>-</td><td>46.6</td><td>-</td><td>46.6</td><td>*</td></tr><tr><td>1937</td><td>46.6</td><td>46.6</td><td>-</td><td>4.0</td><td>42.6</td><td>-</td><td>36.6</td><td>6.0</td></tr><tr><td>1938</td><td>147.9</td><td>146.5</td><td>1.4</td><td>79.8</td><td>68.1</td><td>66.2</td><td>.2</td><td>1.6</td></tr><tr><td>1939</td><td>268.4</td><td>264.8</td><td>3.6</td><td>185.6</td><td>82.7</td><td>67.2</td><td>13.2</td><td>2.3</td></tr><tr><td>1940</td><td>390.8</td><td>384.9</td><td>5.9</td><td>298.7</td><td>92.1</td><td>79.4</td><td>10.8</td><td>1.8</td></tr><tr><td>1941</td><td>506.9</td><td>498.5</td><td>8.4</td><td>419.2</td><td>87.0</td><td>74.0</td><td>2.5</td><td>10.5</td></tr><tr><td>1942</td><td>650.9</td><td>639.4</td><td>11.6</td><td>546.1</td><td>104.8</td><td>91.5</td><td>1.6</td><td>11.7</td></tr><tr><td>1943</td><td>871.5</td><td>854.2</td><td>17.3</td><td>676.6</td><td>194.9</td><td>178.0</td><td>4.1</td><td>12.8</td></tr><tr><td>1943-June</td><td>871.5</td><td>854.2</td><td>17.3</td><td>676.6</td><td>194.9</td><td>178.0</td><td>4.1</td><td>12.8</td></tr><tr><td>July</td><td>1,134.2</td><td>1,116.9</td><td>17.4</td><td>687.7</td><td>446.5</td><td>332.0</td><td>102.1</td><td>12.5</td></tr><tr><td>August</td><td>1,134.3</td><td>1,116.9</td><td>17.4</td><td>698.8</td><td>435.5</td><td>321.0</td><td>102.0</td><td>12.5</td></tr></table>
Source: Daily Treasury Statements.
Less than $50,000.
Table 3.- Unemployment Trust Fund
(Cumulative from organization - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>State unemployment insurance activities</th><th>Railroad Unemployment Insurance Account 1/</th><th>Transfers from Railroad Unemployment Insurance Administration Fund 2/</th><th>Interest on investments</th><th>Total expenditures</th><th>State unemployment insurance activities</th><th>Transfers to Railroad Unemployment Insurance Account 3/</th><th>Railroad Unemployment Insurance Account 1/</th><th>Total investments</th><th>Unexpended balance</th></tr><tr><th></th><th></th><th>Deposits by States</th><th></th><th></th><th></th><th></th><th>With-drawals by States</th><th></th><th>Benefit payments</th><th></th><th>In General Fund (Special Deposit account)</th><th>In die-bursing officer's account 5/</th></tr><tr><td>1936</td><td>18.9</td><td>18.9</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18.9</td><td>18.9</td><td>*</td><td>-</td></tr><tr><td>1937</td><td>313.4</td><td>310.6</td><td>-</td><td>-</td><td>2.8</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>312.4</td><td>312.3</td><td>.1</td><td>-</td></tr><tr><td>1938</td><td>1,076.2</td><td>1,058.2</td><td>-</td><td>-</td><td>18.0</td><td>192.0</td><td>192.0</td><td>-</td><td>-</td><td>894.2</td><td>872.0</td><td>12.2</td><td>-</td></tr><tr><td>1939</td><td>1,914.3</td><td>1,869.5</td><td>-</td><td>-</td><td>44.8</td><td>633.8</td><td>633.8</td><td>-</td><td>-</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</td></tr><tr><td>1940</td><td>2,857.9</td><td>2,729.3</td><td>44.2</td><td>1.8</td><td>82.6</td><td>1,133.1</td><td>1,116.7</td><td>1.8</td><td>14.6</td><td>1,724.9</td><td>1,710.0</td><td>13.4</td><td>1.4</td></tr><tr><td>1941</td><td>3,971.9</td><td>3,621.4</td><td>105.6</td><td>105.9</td><td>131.5</td><td>1,688.2</td><td>1,550.0</td><td>105.9</td><td>32.3</td><td>2,283.7</td><td>2,273.0</td><td>8.0</td><td>2.7</td></tr><tr><td>1942</td><td>5,215.5</td><td>4,717.3</td><td>181.9</td><td>105.9</td><td>11.4</td><td>2,065.4</td><td>1,918.0</td><td>105.9</td><td>41.4</td><td>3,150.1</td><td>3,139.0</td><td>7.8</td><td>3.3</td></tr><tr><td>1943</td><td>6,614.0</td><td>5,935.0</td><td>274.3</td><td>105.9</td><td>17.4</td><td>2,241.5</td><td>2,092.4</td><td>105.9</td><td>43.2</td><td>4,372.5</td><td>4,367.0</td><td>4.0</td><td>1.5</td></tr><tr><td>1943-June</td><td>6,614.0</td><td>5,935.0</td><td>274.3</td><td>105.9</td><td>17.4</td><td>2,241.5</td><td>2,092.4</td><td>105.9</td><td>43.2</td><td>4,372.5</td><td>4,367.0</td><td>4.0</td><td>1.5</td></tr><tr><td>July</td><td>6,657.7</td><td>5,978.7</td><td>274.4</td><td>105.9</td><td>17.4</td><td>2,245.8</td><td>2,096.6</td><td>105.9</td><td>43.3</td><td>4,411.9</td><td>4,405.0</td><td>5.4</td><td>1.4</td></tr><tr><td>August</td><td>6,970.3</td><td>6,278.4</td><td>275.6</td><td>105.9</td><td>29.1</td><td>2,251.0</td><td>2,101.7</td><td>105.9</td><td>43.3</td><td>4,719.3</td><td>4,708.0</td><td>10.6</td><td>.7</td></tr></table>
Source: Daily Treasury Statement
Less than $50,000.
1/ Excludes advance of $15 millions from the Treasury and subsequent repayment, both taking place in the fiscal year 1940.
2/ Represents 90% of contributions under the Railroad Unemployment Insurance Act; the remaining 10% is used for administrative expenses. (See Section I, Table 3.)
3/ Represents amounts transferred from States to Railroad Unemployment Insurance Account equivalent to amounts of taxes collected, with respect to period from January 1936 to June
1939 inclusive, from employees and employers who come within the purview of the Railroad Unemployment Insurance Act.
4/ Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, 1940).
5/ For railroad unemployment benefits and refunds.
17
Cash Income and Outgo of the Treasury, by Major Classifications
(In millions of dollars)
<table><tr><th></th><th colspan="5">1942</th><th colspan="8">1943</th></tr><tr><th></th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>CASH INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Internal revenue:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income and profits taxes</td><td>155</td><td>2,126</td><td>206</td><td>199</td><td>1,972</td><td>306</td><td>380</td><td>4,732</td><td>1,000</td><td>940</td><td>3,803</td><td>1,255</td><td>1,561</td></tr><tr><td>Employment taxes</td><td>232</td><td>41</td><td>48</td><td>248</td><td>47</td><td>52</td><td>343</td><td>48</td><td>50</td><td>282</td><td>55</td><td>48</td><td>310</td></tr><tr><td>Miscellaneous internal revenue</td><td>362</td><td>309</td><td>350</td><td>337</td><td>630</td><td>365</td><td>352</td><td>374</td><td>346</td><td>359</td><td>353</td><td>512</td><td>729</td></tr><tr><td>Customs</td><td>22</td><td>20</td><td>24</td><td>23</td><td>24</td><td>25</td><td>26</td><td>32</td><td>32</td><td>37</td><td>34</td><td>33</td><td>39</td></tr><tr><td>Other</td><td>25</td><td>22</td><td>20</td><td>21</td><td>25</td><td>58</td><td>89</td><td>21</td><td>125</td><td>123</td><td>323</td><td>176</td><td>363</td></tr><tr><td>Subtotal</td><td>796</td><td>2,518</td><td>648</td><td>829</td><td>2,699</td><td>806</td><td>1,190</td><td>5,207</td><td>1,553</td><td>1,740</td><td>4,567</td><td>2,023</td><td>3,004</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unemployment trust fund (deposits by States and Railroad Retirement Board)</td><td>217</td><td>29</td><td>50</td><td>243</td><td>35</td><td>40</td><td>262</td><td>34</td><td>35</td><td>277</td><td>36</td><td>44</td><td>301</td></tr><tr><td>Trust accounts 2/</td><td>49</td><td>74</td><td>72</td><td>62</td><td>72</td><td>72</td><td>50</td><td>78</td><td>87</td><td>80</td><td>83</td><td>131</td><td>97</td></tr><tr><td>Subtotal</td><td>266</td><td>103</td><td>122</td><td>305</td><td>108</td><td>113</td><td>313</td><td>112</td><td>122</td><td>357</td><td>119</td><td>175</td><td>398</td></tr><tr><td>Total cash income</td><td>1,062</td><td>2,621</td><td>770</td><td>1,133</td><td>2,806</td><td>919</td><td>1,502</td><td>5,319</td><td>1,675</td><td>2,098</td><td>4,687</td><td>2,198</td><td>3,402</td></tr><tr><td>CASH OUTGO</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War activities</td><td>4,884</td><td>5,384</td><td>5,481</td><td>6,042</td><td>5,825</td><td>5,947</td><td>5,770</td><td>6,744</td><td>6,974</td><td>7,092</td><td>7,469</td><td>6,432</td><td>7,232</td></tr><tr><td>Veterans' Administration</td><td>47</td><td>46</td><td>43</td><td>47</td><td>47</td><td>47</td><td>48</td><td>49</td><td>48</td><td>48</td><td>48</td><td>44</td><td>49</td></tr><tr><td>Public Works 3/</td><td>59</td><td>52</td><td>58</td><td>39</td><td>50</td><td>37</td><td>47</td><td>49</td><td>35</td><td>22</td><td>41</td><td>33</td><td>61</td></tr><tr><td>Aid to agriculture 4/</td><td>47</td><td>96</td><td>67</td><td>81</td><td>87</td><td>110</td><td>110</td><td>135</td><td>117</td><td>99</td><td>68</td><td>71</td><td>65</td></tr><tr><td>Social Security program 5/</td><td>43</td><td>22</td><td>64</td><td>40</td><td>34</td><td>56</td><td>26</td><td>38</td><td>60</td><td>37</td><td>15</td><td>59</td><td>53</td></tr><tr><td>Work Projects Administration and National Youth Administration 6/</td><td>43</td><td>35</td><td>31</td><td>28</td><td>28</td><td>24</td><td>19</td><td>16</td><td>11</td><td>8</td><td>3</td><td>4</td><td>1</td></tr><tr><td>Civilian Conservation Corps</td><td>5</td><td>1</td><td>1</td><td>1</td><td>1</td><td>2</td><td>1</td><td>1</td><td>21</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Interest on the public debt 7/</td><td>-2</td><td>212</td><td>62</td><td>21</td><td>299</td><td>35</td><td>24</td><td>247</td><td>77</td><td>31</td><td>394</td><td>45</td><td>32</td></tr><tr><td>Other</td><td>62</td><td>64</td><td>60</td><td>56</td><td>71</td><td>60</td><td>63</td><td>60</td><td>75</td><td>84</td><td>71</td><td>57</td><td>96</td></tr><tr><td>Subtotal</td><td>5,188</td><td>5,914</td><td>5,873</td><td>6,353</td><td>6,422</td><td>6,318</td><td>6,106</td><td>7,337</td><td>7,417</td><td>7,423</td><td>8,110</td><td>6,746</td><td>7,588</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War activities 8/</td><td>-</td><td>-</td><td>58</td><td>289</td><td>345</td><td>338</td><td>214</td><td>350</td><td>270</td><td>272</td><td>306</td><td>311</td><td>305</td></tr><tr><td>Other</td><td>235</td><td>42</td><td>166</td><td>-260</td><td>-18</td><td>-7</td><td>-12</td><td>-55</td><td>-26</td><td>-14</td><td>-137</td><td>-52</td><td>-39</td></tr><tr><td>Commodity Credit Corporation</td><td>90</td><td>38</td><td>114</td><td>-305</td><td>181</td><td>115</td><td>124</td><td>124</td><td>-356</td><td>-180</td><td>-177</td><td>165</td><td>21</td></tr><tr><td>Unemployment Trust Fund</td><td>30</td><td>23</td><td>16</td><td>12</td><td>10</td><td>12</td><td>11</td><td>11</td><td>8</td><td>6</td><td>6</td><td>4</td><td>5</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>11</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>13</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td></tr><tr><td>Railroad Retirement Account</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Other</td><td>-27</td><td>-51</td><td>-46</td><td>-164</td><td>32</td><td>-278</td><td>-46</td><td>-146</td><td>124</td><td>-83</td><td>-122</td><td>-154</td><td>-131</td></tr><tr><td>Subtotal</td><td>350</td><td>74</td><td>330</td><td>-405</td><td>574</td><td>203</td><td>315</td><td>309</td><td>43</td><td>26</td><td>-99</td><td>298</td><td>181</td></tr><tr><td>Redemption of adjusted service bonds</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Total cash outgo</td><td>5,538</td><td>5,989</td><td>6,203</td><td>5,949</td><td>6,996</td><td>6,521</td><td>6,422</td><td>7,647</td><td>7,460</td><td>7,449</td><td>8,012</td><td>7,045</td><td>7,769</td></tr><tr><td>EXCESS OF CASH OUTGO</td><td>4,476</td><td>3,368</td><td>5,434</td><td>4,815</td><td>4,190</td><td>5,603</td><td>4,919</td><td>2,328</td><td>5,785</td><td>5,352</td><td>3,325</td><td>4,847</td><td>4,367</td></tr></table>
Less than $500,000. These figures are not intended to reflect the budgetary position of the Government, and will not agree with budgetary figures on receipts, expenditures and deficit such as those appearing in the Daily Treasury Statement and in other tables in the "Treasury Bulletin". For an explanation of the revisions made in Daily Treasury Statement figures to arrive at this cash series, see the "Treasury Bulletin", February 1939. Includes sale of commodity food stamps, Agricultural Marketing Administration. Comprises Public Buildings Administration, Public Roads Administration, Public Works Administration, Federal Public Housing Authority, river and harbor work and flood control, Tennessee Valley Authority, forest roads and trails, and reclamation projects. Comprises Agricultural Conservation and Adjustment Administra-
tion, Agricultural Marketing Administration, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration, Farm Tenant Act, Rural Electrification Administration, and Department of Agriculture departmental expenditures. Excludes Agricultural Marketing Administration, reflected on Daily Treasury Statement as transfer to trust accounts.
5/ Excludes transactions under transfers to trust accounts, etc.
6/ Beginning July 1942 National Youth Administration is included in war activities expenditures.
1/ Excludes accrued interest on United States savings bonds outstanding.
8/ Expenditures for war activities by the Reconstruction Finance Corporation prior to October 17, 1942, were included under "Other" Reconstruction Finance Corporation expenditures.
Total Cash Income and Outgo, by Months
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Cash income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1938</td><td>395</td><td>460</td><td>1,038</td><td>319</td><td>519</td><td>824</td><td>365</td><td>632</td><td>767</td><td>395</td><td>521</td><td>757</td><td>6,998</td></tr><tr><td>1939</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td>561</td><td>781</td><td>449</td><td>724</td><td>756</td><td>458</td><td>656</td><td>798</td><td>7,569</td></tr><tr><td>1941</td><td>475</td><td>724</td><td>1,640</td><td>540</td><td>749</td><td>1,329</td><td>576</td><td>766</td><td>1,205</td><td>611</td><td>956</td><td>1,288</td><td>10,899</td></tr><tr><td>1942</td><td>734</td><td>1,180</td><td>3,635</td><td>829</td><td>1,036</td><td>2,558</td><td>893</td><td>1,062</td><td>2,621</td><td>770</td><td>1,133</td><td>2,806</td><td>19,257</td></tr><tr><td>1943</td><td>919</td><td>1,502</td><td>5,319</td><td>1,675</td><td>2,098</td><td>4,687</td><td>2,198</td><td>3,402</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>835</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>895</td><td>8,687</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>844</td><td>652</td><td>989</td><td>892</td><td>781</td><td>667</td><td>947</td><td>9,483</td></tr><tr><td>1940</td><td>727</td><td>679</td><td>851</td><td>793</td><td>691</td><td>866</td><td>806</td><td>870</td><td>832</td><td>976</td><td>962</td><td>1,244</td><td>10,317</td></tr><tr><td>1941</td><td>1,179</td><td>1,150</td><td>1,555</td><td>1,475</td><td>1,434</td><td>1,548</td><td>1,516</td><td>1,748</td><td>2,046</td><td>2,439</td><td>1,973</td><td>2,778</td><td>20,841</td></tr><tr><td>1942</td><td>2,699</td><td>2,729</td><td>3,608</td><td>3,973</td><td>4,470</td><td>4,738</td><td>5,067</td><td>5,538</td><td>5,939</td><td>6,203</td><td>5,949</td><td>6,996</td><td>57,959</td></tr><tr><td>1943</td><td>6,521</td><td>6,422</td><td>7,647</td><td>7,460</td><td>7,449</td><td>8,012</td><td>7,045</td><td>7,769</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>11</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>138</td><td>1,695</td></tr><tr><td>1939</td><td>304</td><td>88</td><td>38</td><td>407</td><td>198</td><td>200</td><td>283</td><td>400</td><td>140</td><td>382</td><td>100</td><td>332</td><td>2,932</td></tr><tr><td>1940</td><td>329</td><td>65</td><td>-138</td><td>408</td><td>130</td><td>105</td><td>357</td><td>146</td><td>76</td><td>518</td><td>306</td><td>446</td><td>2,748</td></tr><tr><td>1941</td><td>704</td><td>426</td><td>-85</td><td>935</td><td>685</td><td>219</td><td>940</td><td>982</td><td>841</td><td>1,828</td><td>1,017</td><td>1,490</td><td>9,982</td></tr><tr><td>1942</td><td>1,965</td><td>1,549</td><td>-27</td><td>3,144</td><td>3,434</td><td>2,179</td><td>4,174</td><td>4,476</td><td>3,368</td><td>5,434</td><td>4,815</td><td>4,190</td><td>38,701</td></tr><tr><td>1943</td><td>5,603</td><td>4,919</td><td>2,328</td><td>5,785</td><td>5,352</td><td>3,325</td><td>4,847</td><td>4,367</td><td></td><td></td><td></td><td></td><td></td></tr></table>
18
CASH INCOME AND OUTGO OF THE TREASURY
GENERAL FUND OF THE TREASURY
-19-
20
Assets of the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Bullion, coin, and currency</th><th>Deposits in Federal Reserve Banks</th><th>Special deposits account of sales of Government securities</th><th>Other deposits and collections</th></tr><tr><td>1934</td><td>3,033</td><td>1,045</td><td>97</td><td>1,854</td><td>37</td></tr><tr><td>1935</td><td>2,016</td><td>1,044</td><td>118</td><td>799</td><td>55</td></tr><tr><td>1936</td><td>2,936</td><td>865</td><td>862</td><td>1,150</td><td>58</td></tr><tr><td>1937</td><td>2,709</td><td>1,853</td><td>141</td><td>649</td><td>55</td></tr><tr><td>1938</td><td>2,419</td><td>827</td><td>929</td><td>611</td><td>52</td></tr><tr><td>1939</td><td>3,087</td><td>1,194</td><td>1,022</td><td>776</td><td>95</td></tr><tr><td>1940</td><td>2,038</td><td>874</td><td>254</td><td>805</td><td>105</td></tr><tr><td>1941</td><td>2,812</td><td>984</td><td>1,024</td><td>661</td><td>143</td></tr><tr><td>1942</td><td>3,443</td><td>897</td><td>603</td><td>1,679</td><td>265</td></tr><tr><td>1943</td><td>10,149</td><td>911</td><td>1,038</td><td>7,667</td><td>533</td></tr><tr><td>1942-August</td><td>3,695</td><td>907</td><td>569</td><td>1,880</td><td>338</td></tr><tr><td>September</td><td>4,688</td><td>909</td><td>1,021</td><td>2,411</td><td>347</td></tr><tr><td>October</td><td>5,313</td><td>931</td><td>619</td><td>3,373</td><td>390</td></tr><tr><td>November</td><td>3,557</td><td>915</td><td>512</td><td>1,695</td><td>435</td></tr><tr><td>December</td><td>11,032</td><td>863</td><td>1,516</td><td>8,166</td><td>487</td></tr><tr><td>1943-January</td><td>8,200</td><td>857</td><td>465</td><td>6,367</td><td>511</td></tr><tr><td>February</td><td>5,895</td><td>872</td><td>623</td><td>3,892</td><td>509</td></tr><tr><td>March</td><td>4,758</td><td>871</td><td>643</td><td>2,694</td><td>550</td></tr><tr><td>April</td><td>13,112</td><td>883</td><td>1,215</td><td>10,485</td><td>529</td></tr><tr><td>May</td><td>13,152</td><td>897</td><td>651</td><td>11,117</td><td>487</td></tr><tr><td>June</td><td>10,149</td><td>911</td><td>1,038</td><td>7,667</td><td>533</td></tr><tr><td>July</td><td>9,127</td><td>906</td><td>979</td><td>6,790</td><td>452</td></tr><tr><td>August</td><td>6,845</td><td>905</td><td>1,076</td><td>4,362</td><td>501</td></tr></table>
Source: Daily Treasury Statements.
Balance in the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total assets</th><th>Total liabilities</th><th>Balance in the General Fund</th><th colspan="3">Analysis of balance in the General Fund 1/</th></tr><tr><th></th><th></th><th></th><th></th><th>Working balance</th><th>Seigniorage on silver</th><th>Increment on gold</th></tr><tr><td>1934</td><td>3,033</td><td>451</td><td>2,582</td><td>1,771</td><td>-</td><td>811</td></tr><tr><td>1935</td><td>2,016</td><td>175</td><td>1,841</td><td>1,001</td><td>140</td><td>700</td></tr><tr><td>1936</td><td>2,936</td><td>254</td><td>2,682</td><td>2,059</td><td>316</td><td>297</td></tr><tr><td>1937</td><td>2,709</td><td>156</td><td>2,553</td><td>2,000</td><td>356</td><td>198</td></tr><tr><td>1938</td><td>2,419</td><td>203</td><td>2,216</td><td>1,622</td><td>446</td><td>147</td></tr><tr><td>1939</td><td>3,087</td><td>248</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td></tr><tr><td>1940</td><td>2,038</td><td>147</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td></tr><tr><td>1941</td><td>2,812</td><td>179</td><td>2,633</td><td>1,885</td><td>605</td><td>143</td></tr><tr><td>1942</td><td>3,443</td><td>452</td><td>2,991</td><td>2,229</td><td>619</td><td>143</td></tr><tr><td>1943</td><td>10,149</td><td>643</td><td>9,507</td><td>8,744</td><td>619</td><td>144</td></tr><tr><td>1942-August</td><td>3,695</td><td>541</td><td>3,154</td><td>2,392</td><td>619</td><td>144</td></tr><tr><td>September</td><td>4,688</td><td>386</td><td>4,302</td><td>3,540</td><td>619</td><td>144</td></tr><tr><td>October</td><td>5,313</td><td>416</td><td>4,896</td><td>4,134</td><td>619</td><td>144</td></tr><tr><td>November</td><td>3,557</td><td>475</td><td>3,082</td><td>2,320</td><td>619</td><td>144</td></tr><tr><td>December</td><td>11,032</td><td>489</td><td>10,543</td><td>9,780</td><td>619</td><td>144</td></tr><tr><td>1943-January</td><td>8,200</td><td>477</td><td>7,724</td><td>6,961</td><td>619</td><td>144</td></tr><tr><td>February</td><td>5,895</td><td>503</td><td>5,392</td><td>4,630</td><td>619</td><td>144</td></tr><tr><td>March</td><td>4,758</td><td>579</td><td>4,179</td><td>3,416</td><td>619</td><td>144</td></tr><tr><td>April</td><td>13,112</td><td>495</td><td>12,617</td><td>11,854</td><td>619</td><td>144</td></tr><tr><td>May</td><td>13,152</td><td>465</td><td>12,687</td><td>11,924</td><td>619</td><td>144</td></tr><tr><td>June</td><td>10,149</td><td>643</td><td>9,507</td><td>8,744</td><td>619</td><td>144</td></tr><tr><td>July</td><td>9,127</td><td>532</td><td>8,595</td><td>7,832</td><td>619</td><td>144</td></tr><tr><td>August</td><td>6,845</td><td>481</td><td>6,364</td><td>5,601</td><td>619</td><td>144</td></tr></table>
Source: Daily Treasury Statements. In the fiscal years 1935 and 1936, $91 millions and $554 millions, respectively, were transferred from increment on gold to the working balance for retirement of national bank notes. In this statement, however, charges for retirement of national
bank notes are reflected directly against increment on gold in the years during which the retirements were actually made. Inactive gold in the amount of $1,087 millions for the fiscal year 1937 is considered as a part of the working balance.
21
Analysis of Change in Balance of General Fund of the Treasury
In millions of dollars - Net increase or net decrease (-)
<table><tr><th>Change during fiscal year or month</th><th>Total change in General Fund balance</th><th colspan="6">Working balance</th><th>Seigniorage on silver</th><th>Increment on gold 5/</th></tr><tr><th></th><th></th><th>Total working balance</th><th>General and special accounts 1/</th><th>Public debt accounts 2/</th><th>Trust accounts 3/</th><th>Miscellaneous funds and accounts 4/</th><th>Checking accounts of Government agencies, etc.</th><th></th><th></th></tr><tr><td>1934</td><td>1,720</td><td>908</td><td>-2,896</td><td>4,514</td><td>24</td><td>-</td><td>-734</td><td>-</td><td>811</td></tr><tr><td>1935</td><td>-741</td><td>-769 6/</td><td>-3,209</td><td>1,739 1/</td><td>64</td><td>-</td><td>637</td><td>140</td><td>-111 6/</td></tr><tr><td>1936</td><td>840</td><td>1,067 6/</td><td>-4,550</td><td>5,475 1/</td><td>34</td><td>-</td><td>108</td><td>176</td><td>-403 6/</td></tr><tr><td>1937</td><td>-128</td><td>-70</td><td>-3,149</td><td>2,746 1/</td><td>19</td><td>-</td><td>314</td><td>40</td><td>-99</td></tr><tr><td>1938</td><td>-338</td><td>-377</td><td>-1,384</td><td>792 1/</td><td>11</td><td>-</td><td>204</td><td>90</td><td>-51</td></tr><tr><td>1939</td><td>622</td><td>537</td><td>-3,542</td><td>3,280 1/</td><td>29</td><td>2</td><td>768</td><td>90</td><td>-5</td></tr><tr><td>1940</td><td>-947</td><td>-997</td><td>-3,611</td><td>2,528</td><td>37</td><td>16</td><td>34</td><td>49</td><td>*</td></tr><tr><td>1941</td><td>742</td><td>722</td><td>-5,103</td><td>5,994</td><td>37</td><td>11</td><td>-217</td><td>20</td><td>*</td></tr><tr><td>1942</td><td>358</td><td>344</td><td>-19,598</td><td>23,461</td><td>66</td><td>39</td><td>-3,625</td><td>14</td><td>*</td></tr><tr><td>1943</td><td>6,515</td><td>6,515</td><td>-55,897</td><td>64,274</td><td>92</td><td>241</td><td>-2,194</td><td>-</td><td>*</td></tr><tr><td>1942-August</td><td>-134</td><td>-134</td><td>-4,628</td><td>4,549</td><td>197</td><td>10</td><td>-262</td><td>-</td><td>*</td></tr><tr><td>September</td><td>1,148</td><td>1,148</td><td>-3,404</td><td>4,798</td><td>-227</td><td>6</td><td>-25</td><td>-</td><td>*</td></tr><tr><td>October</td><td>594</td><td>594</td><td>-5,331</td><td>6,420</td><td>60</td><td>27</td><td>-583</td><td>-</td><td>*</td></tr><tr><td>November</td><td>-1,814</td><td>-1,814</td><td>-5,761</td><td>3,212</td><td>274</td><td>13</td><td>449</td><td>-</td><td>*</td></tr><tr><td>December</td><td>7,461</td><td>7,461</td><td>-3,799</td><td>12,054</td><td>-290</td><td>44</td><td>-548</td><td>-</td><td>*</td></tr><tr><td>1943-January</td><td>-2,819</td><td>-2,819</td><td>-5,584</td><td>2,899</td><td>24</td><td>27</td><td>-186</td><td>-</td><td>*</td></tr><tr><td>February</td><td>-2,331</td><td>-2,331</td><td>-5,164</td><td>2,954</td><td>222</td><td>26</td><td>-370</td><td>-</td><td>*</td></tr><tr><td>March</td><td>-1,213</td><td>-1,213</td><td>-2,147</td><td>1,483</td><td>-260</td><td>11</td><td>-300</td><td>-</td><td>*</td></tr><tr><td>April</td><td>8,438</td><td>8,438</td><td>-5,952</td><td>14,342</td><td>49</td><td>16</td><td>-17</td><td>-</td><td>*</td></tr><tr><td>May</td><td>70</td><td>70</td><td>-5,955</td><td>6,064</td><td>266</td><td>51</td><td>-356</td><td>-</td><td>*</td></tr><tr><td>June</td><td>-3,180</td><td>-3,180</td><td>-3,758</td><td>784</td><td>-279</td><td>-9</td><td>82</td><td>-</td><td>*</td></tr><tr><td>July</td><td>-912</td><td>-912</td><td>-5,105</td><td>4,828</td><td>92</td><td>-1</td><td>-726</td><td>-</td><td>*</td></tr><tr><td>August</td><td>-2,231</td><td>-2,231</td><td>-4,896</td><td>2,534</td><td>275</td><td>4</td><td>-148</td><td>-</td><td>*</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ This is the net budget deficit. Excludes amounts for public debt retirement which are chargeable to the sinking fund, etc., under special provisions of law.
2/ This represents the increase in the gross public debt, except as noted. (See footnote 1/.)
3/ Includes Federal Old-Age and Survivors Insurance Trust Fund, Unemployment Trust Fund, Railroad Retirement Account, Government insurance and retirement funds and other trust funds.
4/ Comprises Public Works Administration revolving fund and special deposits (net). Also includes Agricultural Marketing Administration commodity food stamp transactions.
5/ Includes expenditures for retirement of national bank notes.
6/ In the fiscal years 1935 and 1936, $91 millions and $554 millions were transferred from increment on gold to the working
balance for retirement of national bank notes. In this statement, however, charges for retirement of national bank notes are reflected directly against increment on gold, in the years during which the retirements were actually made. Inactive gold in the amount of $1,087 millions for the fiscal year 1937 is considered as a part of the working balance general and special accounts for the purpose of this table.
Expenditures for the retirement of national bank notes from increment on gold for the fiscal years 1935 to 1939 (as shown below) are not reflected herein, but are reflected under increment on gold as follows: 1935 - $91 millions, 1936 - $397 millions, 1937 - $99 millions, 1938 - $51 millions, and 1939 - $5 millions, total - $645 millions. The increases in the public debt shown in the table Means of Financing Cash Requirements for the above fiscal years will not agree for the reasons stated above.
PUBLIC DEBT AND GUARANTEED OBLIGATIONS OF THE UNITED STATES GOVERNMENT
22
23
Statement of the Public Debt and Guaranteed Obligations Outstanding
(In millions of dollars)
<table><tr><th></th><th colspan="10">End of fiscal year</th><th colspan="3">End of month</th></tr><tr><th></th><th>1934</th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>1942</th><th>1943</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td colspan="13">Securities issued by the United States</td></tr><tr><td>Interest-bearing debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable issues</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>1,404</td><td>2,053</td><td>2,354</td><td>2,303</td><td>1,154</td><td>1,308</td><td>1,302</td><td>1,603</td><td>2,508</td><td>11,864</td><td>11,864</td><td>12,460</td><td>12,446</td></tr><tr><td>Certificates of indebtedness</td><td>1,517</td><td>-</td><td>11,381</td><td>10,617</td><td>9,147</td><td>7,243</td><td>6,383</td><td>5,693</td><td>6,689</td><td>16,561</td><td>16,561</td><td>16,561</td><td>17,443</td></tr><tr><td>Treasury notes</td><td>6,653</td><td>10,023</td><td>17,168</td><td>19,936</td><td>21,846</td><td>25,218</td><td>26,555</td><td>30,215</td><td>38,085</td><td>57,520</td><td>57,520</td><td>57,520</td><td>57,520</td></tr><tr><td>Treasury bonds</td><td>9,333</td><td>12,684</td><td>-</td><td>198</td><td>197</td><td>196</td><td>196</td><td>196</td><td>196</td><td>196</td><td>196</td><td>196</td><td>196</td></tr><tr><td>Other bonds</td><td>7,177</td><td>2,190</td><td>200</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total marketable issues</td><td>26,084</td><td>26,950</td><td>31,102</td><td>33,054</td><td>32,344</td><td>33,965</td><td>34,436</td><td>37,713</td><td>50,573</td><td>95,310</td><td>95,310</td><td>98,613</td><td>99,935</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. savings bonds</td><td>-</td><td>62</td><td>316</td><td>800</td><td>1,238</td><td>1,868</td><td>2,905</td><td>4,314</td><td>10,188</td><td>21,256</td><td>21,256</td><td>22,030</td><td>22,694</td></tr><tr><td>Treasury notes - tax and savings series</td><td>-</td><td>-</td><td>-</td><td>945</td><td>389</td><td>319</td><td>283</td><td>261</td><td>241</td><td>3,015</td><td>7,495</td><td>7,673</td><td>7,703</td></tr><tr><td>Adjusted service bonds</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>229</td><td>222</td><td>221</td><td>221</td></tr><tr><td>Depository bonds</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>79</td><td>226</td><td>226</td><td>262</td></tr><tr><td>Total non-marketable issues</td><td>-</td><td>62</td><td>1,261</td><td>1,188</td><td>1,556</td><td>2,151</td><td>3,166</td><td>4,555</td><td>13,510</td><td>29,200</td><td>29,200</td><td>30,169</td><td>30,879</td></tr><tr><td>Total public issues</td><td>26,084</td><td>27,012</td><td>32,363</td><td>34,242</td><td>33,900</td><td>36,116</td><td>37,602</td><td>42,267</td><td>64,083</td><td>124,509</td><td>124,509</td><td>128,782</td><td>130,814</td></tr><tr><td>Special issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Adjusted Service Certificate Fund</td><td>118</td><td>156</td><td>127</td><td>38</td><td>26</td><td>20</td><td>11</td><td>19</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>100</td><td>100</td><td>95</td><td>85</td><td>101</td><td>56</td><td>90</td><td>95</td><td>103</td><td>103</td><td>162</td><td>177</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>-</td><td>-</td><td>-</td><td>267</td><td>662</td><td>1,177</td><td>1,738</td><td>2,381</td><td>3,133</td><td>4,044</td><td>4,044</td><td>4,031</td><td>4,031</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>5</td><td>106</td><td>106</td><td>107</td><td>107</td></tr><tr><td>Government Life Insurance Fund</td><td>-</td><td>-</td><td>-</td><td>500</td><td>523</td><td>537</td><td>524</td><td>531</td><td>537</td><td>538</td><td>538</td><td>541</td><td>547</td></tr><tr><td>Government Retirement Funds</td><td>243</td><td>253</td><td>280</td><td>316</td><td>396</td><td>473</td><td>559</td><td>656</td><td>796</td><td>1,076</td><td>1,076</td><td>1,271</td><td>1,287</td></tr><tr><td>National Service Life Insurance Fund</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>39</td><td>352</td><td>352</td><td>405</td><td>461</td></tr><tr><td>Postal Savings System</td><td>35</td><td>125</td><td>100</td><td>30</td><td>45</td><td>128</td><td>97</td><td>88</td><td>55</td><td>197</td><td>197</td><td>292</td><td>357</td></tr><tr><td>Canal Zone, Postal Savings System</td><td>-</td><td>-</td><td>-</td><td>-</td><td>66</td><td>67</td><td>79</td><td>74</td><td>92</td><td>178</td><td>178</td><td>332</td><td>321</td></tr><tr><td>Railroad Retirement Account</td><td>-</td><td>-</td><td>-</td><td>19</td><td>312</td><td>872</td><td>1,267</td><td>1,710</td><td>2,273</td><td>3,114</td><td>4,257</td><td>4,295</td><td>4,598</td></tr><tr><td>Unemployment Trust Fund</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total special issues</td><td>396</td><td>633</td><td>626</td><td>1,558</td><td>2,676</td><td>3,770</td><td>4,775</td><td>6,120</td><td>7,885</td><td>10,871</td><td>10,871</td><td>11,456</td><td>11,907</td></tr><tr><td>Total interest-bearing debt</td><td>26,480</td><td>27,645</td><td>32,989</td><td>35,800</td><td>36,576</td><td>39,886</td><td>42,376</td><td>48,387</td><td>71,968</td><td>135,380</td><td>135,380</td><td>140,238</td><td>142,721</td></tr><tr><td>Matured debt on which interest has ceased</td><td>54</td><td>231</td><td>169</td><td>119</td><td>141</td><td>142</td><td>205</td><td>205</td><td>98</td><td>141</td><td>141</td><td>113</td><td>164</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>213</td><td>213</td><td>207</td><td>204</td></tr><tr><td>United States notes (less gold reserve)</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td><td>191</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>322</td><td>629</td><td>424</td><td>310</td><td>252</td><td>215</td><td>190</td><td>173</td><td>159</td><td>766</td><td>766</td><td>769</td><td>774</td></tr><tr><td>Other debt bearing no interest</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td></tr><tr><td>Total debt bearing no interest</td><td>518</td><td>825</td><td>620</td><td>506</td><td>447</td><td>411</td><td>386</td><td>369</td><td>356</td><td>1,175</td><td>1,175</td><td>1,173</td><td>1,174</td></tr><tr><td>Total public debt outstanding</td><td>27,053</td><td>28,701</td><td>33,779</td><td>36,425</td><td>37,165</td><td>40,440</td><td>42,968</td><td>48,961</td><td>72,422</td><td>136,696</td><td>136,696</td><td>141,524</td><td>144,059</td></tr><tr><td colspan="13">Securities guaranteed by the United States 1/</td></tr><tr><td>Interest-bearing debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable issues</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>206</td><td>206</td><td>407</td><td>696</td><td>701</td><td>412</td><td>412</td><td>412</td><td>412</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>312</td><td>1,226</td><td>1,422</td><td>1,422</td><td>1,410</td><td>1,379</td><td>1,269</td><td>1,269</td><td>930</td><td>930</td><td>930</td><td>930</td><td>930</td></tr><tr><td>Federal Housing Administration</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>3</td><td>8</td><td>17</td><td>21</td><td>23</td><td>23</td><td>22</td><td>22</td></tr><tr><td>Federal Public Housing Authority</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>114</td><td>226</td><td>114</td><td>114</td><td>114</td><td>114</td><td>114</td></tr><tr><td>Home Owners' Loan Corporation</td><td>134</td><td>2,647</td><td>3,044</td><td>2,987</td><td>2,937</td><td>2,928</td><td>2,603</td><td>2,409</td><td>1,563</td><td>1,533</td><td>1,533</td><td>1,533</td><td>1,533</td></tr><tr><td>Reconstruction Finance Corporation</td><td>235</td><td>250</td><td>252</td><td>255</td><td>299</td><td>820</td><td>1,096</td><td>1,741</td><td>1,219</td><td>1,011</td><td>1,111</td><td>700</td><td>850</td></tr><tr><td>Total marketable issues</td><td>681</td><td>4,123</td><td>4,718</td><td>4,665</td><td>4,853</td><td>5,450</td><td>5,498</td><td>6,360</td><td>4,549</td><td>4,023</td><td>4,023</td><td>3,711</td><td>3,861</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation 2/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68</td><td>68</td><td>71</td><td>71</td></tr><tr><td>Total interest-bearing debt</td><td>681</td><td>4,123</td><td>4,718</td><td>4,665</td><td>4,853</td><td>5,450</td><td>5,498</td><td>6,360</td><td>4,549</td><td>4,092</td><td>4,092</td><td>3,782</td><td>3,932</td></tr><tr><td>Matured debt on which interest has ceased</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>31</td><td>11</td><td>20</td><td>8</td><td>8</td><td>9</td><td>7</td></tr><tr><td>Total securities outstanding guaranteed by the United States</td><td>681</td><td>4,123</td><td>4,718</td><td>4,665</td><td>4,853</td><td>5,451</td><td>5,529</td><td>6,370</td><td>4,568</td><td>4,100</td><td>4,100</td><td>3,791</td><td>-</td></tr><tr><td>Total public debt and guaranteed obligations 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing debt</td><td>27,161</td><td>31,768</td><td>37,707</td><td>40,465</td><td>41,428</td><td>45,336</td><td>47,874</td><td>54,747</td><td>76,517</td><td>139,472</td><td>139,472</td><td>144,777</td><td>147,777</td></tr><tr><td>Matured debt and debt bearing no interest</td><td>573</td><td>1,056</td><td>790</td><td>625</td><td>589</td><td>554</td><td>622</td><td>585</td><td>474</td><td>1,324</td><td>1,324</td><td>1,296</td><td>1,304</td></tr><tr><td>Total outstanding</td><td>27,734</td><td>32,824</td><td>38,497</td><td>41,089</td><td>42,018</td><td>45,890</td><td>48,496</td><td>55,332</td><td>76,991</td><td>140,796</td><td>140,796</td><td>146,073</td><td>149,081</td></tr></table>
Source: Daily Treasury Statements. Less than $500,000. 1/ Excludes guaranteed securities which were sold directly to the
Treasury. Consists only of securities guaranteed by the United States as to both principal and interest. 2/ Demand obligations.
24
Composition of the Interest-Bearing Public Debt
<table><tr><th>End of fiscal year or month</th><th colspan="5">Interest-bearing public debt outstanding 1/ (In million of dollars)</th><th colspan="5">Percent of interest-bearing public debt</th></tr><tr><th></th><th>Total</th><th>Bonds</th><th>Notes</th><th>Bills and certificates of indebtedness</th><th>Special issues</th><th>Total</th><th>Bonds</th><th>Notes</th><th>Bills and certificates of indebtedness</th><th>Special issues</th></tr><tr><td>1934</td><td>26,480</td><td>16,510</td><td>6,653</td><td>2,921</td><td>396</td><td>100.0</td><td>62.4</td><td>25.1</td><td>11.0</td><td>1.5</td></tr><tr><td>1935</td><td>27,645</td><td>14,936</td><td>10,023</td><td>2,053</td><td>533</td><td>100.0</td><td>54.0</td><td>36.3</td><td>7.4</td><td>2.3</td></tr><tr><td>1936</td><td>32,989</td><td>18,628</td><td>11,381</td><td>2,354</td><td>626</td><td>100.0</td><td>56.5</td><td>34.5</td><td>7.1</td><td>1.9</td></tr><tr><td>1937</td><td>35,800</td><td>21,322</td><td>10,617</td><td>2,303</td><td>1,558</td><td>100.0</td><td>59.6</td><td>29.7</td><td>6.4</td><td>4.3</td></tr><tr><td>1938</td><td>36,576</td><td>23,599</td><td>9,147</td><td>1,154</td><td>2,676</td><td>100.0</td><td>64.5</td><td>25.0</td><td>3.2</td><td>7.3</td></tr><tr><td>1939</td><td>39,886</td><td>27,566</td><td>7,243</td><td>1,308</td><td>3,770</td><td>100.0</td><td>69.1</td><td>18.2</td><td>3.3</td><td>9.5</td></tr><tr><td>1940</td><td>42,376</td><td>29,917</td><td>6,383</td><td>1,302</td><td>4,775</td><td>100.0</td><td>70.6</td><td>15.1</td><td>3.1</td><td>11.3</td></tr><tr><td>1941</td><td>48,387</td><td>34,966</td><td>5,698</td><td>1,603</td><td>6,120</td><td>100.0</td><td>72.3</td><td>11.8</td><td>3.3</td><td>12.6</td></tr><tr><td>1942</td><td>71,968</td><td>48,776</td><td>9,703</td><td>5,604</td><td>7,885</td><td>100.0</td><td>67.8</td><td>13.4</td><td>7.8</td><td>11.0</td></tr><tr><td>1943</td><td>135,380</td><td>79,421</td><td>16,663</td><td>28,425</td><td>10,871</td><td>100.0</td><td>58.7</td><td>12.3</td><td>21.0</td><td>8.0</td></tr><tr><td>1942-August</td><td>81,244</td><td>53,680</td><td>10,428</td><td>8,873</td><td>8,262</td><td>100.0</td><td>66.1</td><td>12.8</td><td>10.9</td><td>10.2</td></tr><tr><td>September</td><td>85,847</td><td>54,413</td><td>12,095</td><td>10,829</td><td>8,509</td><td>100.0</td><td>63.4</td><td>14.1</td><td>12.6</td><td>9.9</td></tr><tr><td>October</td><td>92,265</td><td>57,285</td><td>15,059</td><td>11,336</td><td>8,585</td><td>100.0</td><td>62.1</td><td>16.3</td><td>12.3</td><td>9.3</td></tr><tr><td>November</td><td>95,458</td><td>57,991</td><td>15,798</td><td>12,882</td><td>8,787</td><td>100.0</td><td>60.8</td><td>16.5</td><td>13.5</td><td>9.2</td></tr><tr><td>December</td><td>107,308</td><td>64,868</td><td>16,247</td><td>17,161</td><td>9,032</td><td>100.0</td><td>60.5</td><td>15.1</td><td>16.0</td><td>8.4</td></tr><tr><td>1943-January</td><td>110,024</td><td>66,076</td><td>16,612</td><td>18,163</td><td>9,172</td><td>100.0</td><td>60.1</td><td>15.1</td><td>16.5</td><td>8.3</td></tr><tr><td>February</td><td>112,851</td><td>66,905</td><td>16,988</td><td>19,393</td><td>9,555</td><td>100.0</td><td>59.2</td><td>15.1</td><td>17.2</td><td>8.5</td></tr><tr><td>March</td><td>114,287</td><td>67,745</td><td>16,143</td><td>20,396</td><td>10,004</td><td>100.0</td><td>59.3</td><td>14.1</td><td>17.8</td><td>8.8</td></tr><tr><td>April</td><td>128,043</td><td>75,070</td><td>17,580</td><td>26,198</td><td>9,195</td><td>100.0</td><td>58.4</td><td>13.7</td><td>20.4</td><td>7.6</td></tr><tr><td>May</td><td>134,675</td><td>79,102</td><td>17,960</td><td>27,414</td><td>10,198</td><td>100.0</td><td>58.7</td><td>13.3</td><td>20.4</td><td>7.6</td></tr><tr><td>June</td><td>135,380</td><td>79,421</td><td>16,663</td><td>28,425</td><td>10,871</td><td>100.0</td><td>58.7</td><td>12.3</td><td>21.0</td><td>8.0</td></tr><tr><td>July</td><td>140,238</td><td>80,208</td><td>19,553</td><td>29,021</td><td>11,456</td><td>100.0</td><td>57.2</td><td>13.9</td><td>20.7</td><td>8.2</td></tr><tr><td>August</td><td>142,721</td><td>80,893</td><td>19,578</td><td>30,343</td><td>11,907</td><td>100.0</td><td>56.7</td><td>13.7</td><td>21.3</td><td>8.3</td></tr></table>
Source: Daily Treasury Statements. 1/ Does not include securities issued by Federal agencies and guaranteed by the United States.
Public Debt Receipts and Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="5">Expenditures</th><th>Excess of receipts</th></tr><tr><th></th><th>Total</th><th>Cash 1/</th><th>Certificates of indebtedness, special series</th><th>Adjusted service bonds</th><th>Ex-changes</th><th>Special issues</th><th>Total</th><th>Cash 1/</th><th>Certificates of indebtedness, special series</th><th>Ex-changes</th><th>Special issues</th></tr><tr><td>1934</td><td>13,583.0</td><td>9,160.9</td><td>-</td><td>-</td><td>4,158.5</td><td>263.7</td><td>9,068.5</td><td>4,719.5</td><td>-</td><td>4,158.5</td><td>190.6</td><td>4,514.5</td></tr><tr><td>1935</td><td>13,125.5</td><td>5,715.9</td><td>-</td><td>-</td><td>6,963.7</td><td>445.9</td><td>11,477.7</td><td>4,305.1</td><td>-</td><td>6,963.7</td><td>208.8</td><td>1,647.8</td></tr><tr><td>1936</td><td>14,120.8</td><td>8,958.0</td><td>-</td><td>1,668.8</td><td>2,978.2</td><td>515.9</td><td>9,043.2</td><td>5,542.0</td><td>-</td><td>2,978.2</td><td>523.0</td><td>5,077.7</td></tr><tr><td>1937</td><td>9,589.4</td><td>6,198.6</td><td>-</td><td>140.6</td><td>1,751.4</td><td>1,498.9</td><td>6,943.3</td><td>4,625.0</td><td>-</td><td>1,751.4</td><td>567.0</td><td>2,646.1</td></tr><tr><td>1938</td><td>9,620.8</td><td>4,775.8</td><td>-</td><td>12.8</td><td>2,673.8</td><td>2,158.5</td><td>8,580.7</td><td>5,166.0</td><td>-</td><td>2,673.8</td><td>1,040.8</td><td>740.1</td></tr><tr><td>1939</td><td>13,083.6</td><td>7,475.1</td><td>-</td><td>6.6</td><td>3,034.9</td><td>2,567.1</td><td>9,808.8</td><td>5,301.0</td><td>-</td><td>3,034.9</td><td>1,472.9</td><td>3,274.8</td></tr><tr><td>1940</td><td>13,165.6</td><td>7,194.4</td><td>-</td><td>8.4</td><td>2,812.0</td><td>3,150.8</td><td>10,637.6</td><td>5,679.8</td><td>-</td><td>2,812.0</td><td>2,145.8</td><td>2,528.0</td></tr><tr><td>1941</td><td>17,846.7</td><td>10,462.1</td><td>-</td><td>2.2</td><td>3,141.6</td><td>4,240.8</td><td>11,852.8</td><td>5,815.6</td><td>-</td><td>3,141.6</td><td>2,895.6</td><td>5,993.9</td></tr><tr><td>1942</td><td>37,164.3</td><td>30,387.9</td><td>303.0</td><td>1.3</td><td>596.0</td><td>5,876.2</td><td>13,703.3</td><td>8,693.1</td><td>303.0</td><td>596.0</td><td>4,111.3</td><td>23,461.0</td></tr><tr><td>1943</td><td>122,631.9</td><td>94,960.6</td><td>17,911.0</td><td>7</td><td>1,441.8</td><td>8,317.3</td><td>58,358.2</td><td>33,673.6</td><td>17,911.0</td><td>1,441.8</td><td>5,331.8</td><td>64,273.6</td></tr><tr><td>1942-August</td><td>5,578.3</td><td>5,384.6</td><td>-</td><td>.1</td><td>-</td><td>193.7</td><td>1,029.3</td><td>973.2</td><td>-</td><td>-</td><td>56.1</td><td>4,549.0</td></tr><tr><td>September</td><td>8,168.4</td><td>6,901.7</td><td>928.0</td><td>.1</td><td>48.6</td><td>290.0</td><td>3,370.0</td><td>2,350.6</td><td>928.0</td><td>48.6</td><td>42.8</td><td>4,798.4</td></tr><tr><td>October</td><td>7,929.4</td><td>7,806.9</td><td>-</td><td>.1</td><td>19.7</td><td>102.7</td><td>1,509.0</td><td>1,462.2</td><td>-</td><td>19.7</td><td>27.2</td><td>6,420.3</td></tr><tr><td>November</td><td>6,729.9</td><td>5,616.5</td><td>890.0</td><td>.1</td><td>*</td><td>223.3</td><td>3,517.9</td><td>3,028.8</td><td>468.0</td><td>*</td><td>21.2</td><td>3,211.9</td></tr><tr><td>December</td><td>15,643.1</td><td>15,110.8</td><td>259.0</td><td>*</td><td>-</td><td>273.2</td><td>3,589.0</td><td>2,879.3</td><td>681.0</td><td>-</td><td>28.7</td><td>12,054.1</td></tr><tr><td>1943-January</td><td>5,078.1</td><td>4,581.4</td><td>317.0</td><td>*</td><td>-</td><td>179.7</td><td>2,178.7</td><td>2,024.8</td><td>115.0</td><td>-</td><td>38.9</td><td>2,899.4</td></tr><tr><td>February</td><td>6,982.6</td><td>6,566.5</td><td>-</td><td>-</td><td>-</td><td>416.0</td><td>4,028.2</td><td>3,803.1</td><td>202.0</td><td>-</td><td>23.0</td><td>2,954.4</td></tr><tr><td>March</td><td>20,501.6</td><td>5,321.8</td><td>14,712.0</td><td>.1</td><td>-</td><td>467.7</td><td>19,018.6</td><td>4,277.1</td><td>14,712.0</td><td>-</td><td>29.5</td><td>1,483.0</td></tr><tr><td>April</td><td>17,620.0</td><td>17,526.5</td><td>-</td><td>*</td><td>-</td><td>93.5</td><td>3,277.7</td><td>2,975.5</td><td>-</td><td>-</td><td>302.2</td><td>14,342.3</td></tr><tr><td>May</td><td>10,643.3</td><td>8,854.9</td><td>-</td><td>*</td><td>1,373.5</td><td>414.9</td><td>4,579.7</td><td>3,194.7</td><td>-</td><td>1,373.5</td><td>11.5</td><td>6,063.6</td></tr><tr><td>June</td><td>12,480.3</td><td>6,280.6</td><td>805.0</td><td>.1</td><td>-</td><td>5,394.7</td><td>11,696.8</td><td>6,169.7</td><td>805.0</td><td>-</td><td>4,722.1</td><td>783.5</td></tr><tr><td>July</td><td>8,702.2</td><td>8,097.8</td><td>-</td><td>.1</td><td>-</td><td>604.3</td><td>3,873.8</td><td>3,854.7</td><td>-</td><td>-</td><td>19.1</td><td>4,828.4</td></tr><tr><td>August</td><td>8,104.5</td><td>6,086.4</td><td>-</td><td>.1</td><td>1,556.3</td><td>461.8</td><td>5,570.1</td><td>4,002.7</td><td>-</td><td>1,556.3</td><td>11.1</td><td>2,534.4</td></tr></table>
Source: Daily Treasury Statements. * Less than $50,000.
1/ Excludes certificates of indebtedness, special series.
COMPOSITION OF UNITED STATES GOVERNMENT INTEREST-BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
26
Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing
Public Debt and Guaranteed Obligations
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="3">Total issued and guaranteed by the United States</th><th colspan="3">Total issued by the United States 1/</th><th colspan="3">Total guaranteed by the United States 2/</th></tr><tr><th></th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed rate of interest (Percent)</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed rate of interest (Percent)</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed rate of interest (Percent)</th></tr><tr><td>1934</td><td>27,161</td><td>861</td><td>3.169</td><td>26,480</td><td>842</td><td>3.181</td><td>681</td><td>18</td><td>2.710</td></tr><tr><td>1935</td><td>31,768</td><td>863</td><td>2.716</td><td>27,645</td><td>751</td><td>2.715</td><td>4,123</td><td>112</td><td>2.720</td></tr><tr><td>1936</td><td>37,707</td><td>970</td><td>2.573</td><td>32,989</td><td>845</td><td>2.562</td><td>4,718</td><td>125</td><td>2.650</td></tr><tr><td>1937</td><td>40,465</td><td>1,047</td><td>2.588</td><td>35,800</td><td>924</td><td>2.582</td><td>4,665</td><td>123</td><td>2.633</td></tr><tr><td>1938</td><td>41,428</td><td>1,068</td><td>2.579</td><td>36,576</td><td>947</td><td>2.589</td><td>4,853</td><td>121</td><td>2.498</td></tr><tr><td>1939</td><td>45,336</td><td>1,149</td><td>2.534</td><td>39,886</td><td>1,037</td><td>2.600</td><td>5,450</td><td>112</td><td>2.052</td></tr><tr><td>1940</td><td>47,874</td><td>1,203</td><td>2.514</td><td>42,376</td><td>1,095</td><td>2.583</td><td>5,498</td><td>109</td><td>1.978</td></tr><tr><td>1941</td><td>54,747</td><td>1,335</td><td>2.438</td><td>48,387</td><td>1,218</td><td>2.518</td><td>6,360</td><td>117</td><td>1.834</td></tr><tr><td>1942</td><td>76,517</td><td>1,729</td><td>2.260</td><td>71,968</td><td>1,644</td><td>2.285</td><td>4,549</td><td>85</td><td>1.861</td></tr><tr><td>1943</td><td>139,472</td><td>2,759</td><td>1.978</td><td>135,380</td><td>2,679</td><td>1.979</td><td>4,092</td><td>81</td><td>1.968</td></tr><tr><td>1942-August</td><td>85,811</td><td>1,880</td><td>2.191</td><td>81,244</td><td>1,796</td><td>2.210</td><td>4,567</td><td>84</td><td>1.843</td></tr><tr><td>September</td><td>90,399</td><td>1,938</td><td>2.143</td><td>85,847</td><td>1,853</td><td>2.159</td><td>4,552</td><td>84</td><td>1.848</td></tr><tr><td>October</td><td>96,509</td><td>2,045</td><td>2.119</td><td>92,265</td><td>1,964</td><td>2.129</td><td>4,243</td><td>81</td><td>1.918</td></tr><tr><td>November</td><td>99,702</td><td>2,092</td><td>2.098</td><td>95,458</td><td>2,010</td><td>2.106</td><td>4,244</td><td>81</td><td>1.918</td></tr><tr><td>December</td><td>111,591</td><td>2,291</td><td>2.053</td><td>107,308</td><td>2,210</td><td>2.059</td><td>4,283</td><td>82</td><td>1.905</td></tr><tr><td>1943-January</td><td>114,301</td><td>2,336</td><td>2.044</td><td>110,024</td><td>2,254</td><td>2.049</td><td>4,277</td><td>82</td><td>1.907</td></tr><tr><td>February</td><td>117,126</td><td>2,383</td><td>2.035</td><td>112,851</td><td>2,302</td><td>2.040</td><td>4,275</td><td>82</td><td>1.908</td></tr><tr><td>March</td><td>118,637</td><td>2,416</td><td>2.037</td><td>114,287</td><td>2,334</td><td>2.042</td><td>4,350</td><td>82</td><td>1.893</td></tr><tr><td>April</td><td>133,006</td><td>2,651</td><td>1.993</td><td>128,643</td><td>2,569</td><td>1.997</td><td>4,363</td><td>82</td><td>1.890</td></tr><tr><td>May</td><td>138,757</td><td>2,763</td><td>1.992</td><td>134,675</td><td>2,683</td><td>1.992</td><td>4,082</td><td>80</td><td>1.970</td></tr><tr><td>June</td><td>139,472</td><td>2,759</td><td>1.978</td><td>135,380</td><td>2,679</td><td>1.979</td><td>4,092</td><td>81</td><td>1.968</td></tr><tr><td>July</td><td>144,020</td><td>2,840</td><td>1.972</td><td>140,238</td><td>2,763</td><td>1.971</td><td>3,782</td><td>77</td><td>2.035</td></tr><tr><td>August</td><td>146,655</td><td>2,881</td><td>1.964</td><td>142,721</td><td>2,802</td><td>1.964</td><td>3,934</td><td>78</td><td>1.995</td></tr></table>
Source: Daily Treasury Statements. 1/ Treasury bills are included in interest-bearing debt figures at face amount, but for purposes of calculating the computed annual interest charge and the computed rate of interest, the discount value is used. For the purposes of computing the annual interest charge and rate of interest on United States savings
bonds, Series A-E are considered to yield 2.90 percent per annum and Series F is considered to yield 2.53 percent. Excludes securities guaranteed by the United States which were sold directly to the Treasury. Consists only of securities guaranteed by the United States as to both principal and interest.
27
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States
As of August 31, 1943
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Detailed annual maturities</th><th colspan="2">Total annual maturities</th></tr><tr><th></th><th></th><th>Fixed-maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th>Fixed-maturity issues plus callable issues classified by year of first call</th><th>Fixed-maturity issues plus callable issues classified by year of final maturity</th></tr><tr><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th><th></th></tr><tr><td>1943</td><td>Treasury bills</td><td>12,846</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>1 1/4% Treasury note C - 9/15/43</td><td>279</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>3-1/4% Treasury bond - 10/15/43-45</td><td>1,401</td><td></td><td></td><td></td><td></td></tr><tr><td>Nov.</td><td>7/8% Ctf. of indebt. D - 11/1/43</td><td>2,035</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>7/8% Ctf. of indebt. E - 12/1/43</td><td>3,800</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>1-1/8% Treasury note B - 12/15/43</td><td>421</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>20,782</td><td></td><td></td><td>20,782</td><td>20,782</td></tr><tr><td>1944-Feb.</td><td>1-3/8% FFHA note B - 2/1/44</td><td>114</td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>7/8% Ctf. of indebt. A - 2/1/44</td><td>2,211</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>1% Treasury note B - 3/15/44</td><td>515</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>3-1/4% TTMC bond - 3/15/44-64</td><td></td><td>95</td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>7/8% Ctf. of indebt. B - 4/1/44</td><td>5,251</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>1% RFC note W - 4/15/44</td><td>571</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>3-1/4% Treasury bond - 4/15/44-46</td><td></td><td>1,519</td><td></td><td></td><td></td></tr><tr><td>May.</td><td>7/8% Ctf. of indebt. C - 5/1/44</td><td>1,655</td><td></td><td></td><td></td><td></td></tr><tr><td>May.</td><td>3% HOLC bond A - 5/1/44-52</td><td></td><td>779</td><td></td><td></td><td></td></tr><tr><td>May.</td><td>3% FFMC bond - 5/15/44-49</td><td>416</td><td></td><td>835</td><td></td><td></td></tr><tr><td>June.</td><td>3/4% Treasury note A - 6/15/44</td><td>416</td><td></td><td></td><td></td><td></td></tr><tr><td>Aug.</td><td>7/8% Ctf. of indebt. D - 8/1/44</td><td>2,545</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>1% Treasury note C - 9/15/44</td><td>283</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>3/4% Treasury note D - 9/15/44</td><td>635</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>4% Treasury bond - 12/15/44-54</td><td></td><td>1,037</td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>14,197</td><td>4,264</td><td></td><td>18,461</td><td>14,197</td></tr><tr><td>1945-Jan.</td><td>1% RFC note X-A - 1/1/45</td><td>140</td><td></td><td></td><td></td><td></td></tr><tr><td>Jan.</td><td>1% RFC note X-B - 1/1/45</td><td>139</td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>1-1/8% CCC note G - 2/15/45</td><td>412</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>3/4% Treasury note A - 3/15/45</td><td>718</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>1-1/4% Treasury note C - 3/15/45</td><td>1,606</td><td></td><td></td><td></td><td></td></tr><tr><td>June.</td><td>1-1/2% HOLC bond M - 6/1/45-47</td><td></td><td>755</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2-3/4% Treasury bond - 9/15/45-47</td><td></td><td>1,214</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2-1/2% Treasury bond - 12/15/45</td><td>541</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>3/4% Treasury note B - 12/15/45</td><td>531</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>4,086</td><td>1,969</td><td></td><td>6,056</td><td>4,086</td></tr><tr><td>1946-Jan.</td><td>3% Conversion bond - 1/1/46</td><td>16</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>1% Treasury note A - 3/15/46</td><td>503</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>3-3/4% Treasury bond - 3/15/46-56</td><td></td><td>489</td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>3-1/4% Treasury bond - 4/15/44-46</td><td></td><td></td><td>1,519</td><td></td><td></td></tr><tr><td>June.</td><td>3% Treasury bond - 6/15/46-48</td><td></td><td>1,036</td><td></td><td></td><td></td></tr><tr><td>June.</td><td>3-1/8% Treasury bond - 6/15/46-49</td><td>819</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>1-1/2% Treasury note B - 12/15/46</td><td>3,261</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>3,780</td><td>2,344</td><td>1,519</td><td>6,124</td><td>5,299</td></tr><tr><td>1947-Jan.</td><td>3% Conversion bond - 1/1/47</td><td>13</td><td></td><td></td><td></td><td></td></tr><tr><td>June.</td><td>1-1/2% HOLC bond M - 6/1/47-47</td><td></td><td>755</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2-3/4% Treasury bond - 9/15/47-47</td><td></td><td>1,214</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>1-1/2% Treasury note A - 9/15/47</td><td>2,707</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>4-1/4% Treasury bond - 10/15/47-52</td><td></td><td>759</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Treasury bond - 12/15/47</td><td>701</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>3,421</td><td>759</td><td>1,969</td><td>4,180</td><td>5,391</td></tr><tr><td>1948-Mar.</td><td>2% Treasury bond - 3/15/48-50</td><td></td><td>1,115</td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2-3/4% Treasury bond - 3/15/48-51</td><td></td><td>1,223</td><td></td><td></td><td></td></tr><tr><td>June.</td><td>3% Treasury bond - 6/15/48-48</td><td>3,062</td><td></td><td>1,036</td><td></td><td></td></tr><tr><td>June.</td><td>1-3/4% Treasury bond - 6/15/48</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2-1/2% Treasury bond - 9/15/48</td><td>451</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Treasury bond - 12/15/48-50</td><td></td><td>571</td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>3,513</td><td>2,910</td><td>1,036</td><td>6,423</td><td>4,549</td></tr><tr><td>1949-May.</td><td>3% FFMC bond - 5/15/49-49</td><td></td><td></td><td>835</td><td></td><td></td></tr><tr><td>June.</td><td>3-1/8% Treasury bond - 6/15/46-49</td><td></td><td></td><td>819</td><td></td><td></td></tr><tr><td>June.</td><td>2% Treasury bond - 6/15/49-51</td><td></td><td>1,014</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2% Treasury bond - 9/15/49-51</td><td></td><td>1,292</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>3-1/8% Treasury bond - 12/15/49-52</td><td></td><td>491</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2-1/2% Treasury bond - 12/15/49-53</td><td></td><td>1,786</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Treasury bond - 12/15/49-51</td><td></td><td>2,098</td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td>6,682</td><td>1,654</td><td>6,682</td><td>1,654</td></tr><tr><td>1950-Mar.</td><td>2% Treasury bond - 3/15/48-50</td><td></td><td>1,115</td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2% Treasury bond - 3/15/50-52</td><td></td><td>1,963</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2-1/2% Treasury bond - 9/15/50-52</td><td></td><td>1,186</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2% Treasury bond - 9/15/50-52</td><td></td><td>4,939</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Treasury bond - 12/15/48-50</td><td></td><td>571</td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td>8,088</td><td>1,687</td><td>8,088</td><td>1,687</td></tr></table>
(Continued on following page)
28
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States
As of August 31, 1943 - (Continued)
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Detailed annual maturities</th><th colspan="2">Total annual maturities</th></tr><tr><th></th><th></th><th>Fixed-maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th>Fixed-maturity issues plus callable issues classified by year of first call</th><th>Fixed-maturity issues plus callable issues classified by year of final maturity</th></tr><tr><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th><th></th></tr><tr><td>1951-Mar....</td><td>2-3/4% Treasury bond</td><td>- 3/15/48-51</td><td></td><td>1,223</td><td></td><td></td></tr><tr><td>June....</td><td>2% Treasury bond</td><td>- 6/15/49-51</td><td>1,627</td><td>1,014</td><td></td><td></td></tr><tr><td>June....</td><td>2-3/4% Treasury bond</td><td>- 6/15/51-54</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept....</td><td>2% Treasury bond</td><td>- 9/15/49-51</td><td></td><td>1,292</td><td></td><td></td></tr><tr><td>Sept....</td><td>3% Treasury bond</td><td>- 9/15/51-55</td><td>755</td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/4% Treasury bond</td><td>- 12/15/51-53</td><td>1,118</td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2% Treasury bond</td><td>- 12/15/51-55</td><td>510</td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2% Treasury bond</td><td>- 12/15/49-51</td><td></td><td>2,098</td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>4,011</td><td>5,628</td><td>4,011</td><td>5,628</td></tr><tr><td>1952-Mar....</td><td>2-1/2% Treasury bond</td><td>- 3/15/52-54</td><td>1,024</td><td></td><td></td><td></td></tr><tr><td>Mar....</td><td>2% Treasury bond</td><td>- 3/15/50-52</td><td></td><td>1,963</td><td></td><td></td></tr><tr><td>May....</td><td>3% HOLC bond</td><td>A - 5/1/44-52</td><td></td><td>779</td><td></td><td></td></tr><tr><td>June....</td><td>2-1/4% Treasury bond</td><td>- 6/15/52-55</td><td>1,501</td><td></td><td></td><td></td></tr><tr><td>Sept....</td><td>2-1/2% Treasury bond</td><td>- 9/15/50-52</td><td></td><td>1,186</td><td></td><td></td></tr><tr><td>Sept....</td><td>2% Treasury bond</td><td>- 9/15/50-52</td><td></td><td>4,939</td><td></td><td></td></tr><tr><td>Oct....</td><td>4-1/4% Treasury bond</td><td>- 10/15/47-52</td><td></td><td>759</td><td></td><td></td></tr><tr><td>Dec....</td><td>3-1/8% Treasury bond</td><td>- 12/15/49-52</td><td></td><td>491</td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>2,524</td><td>10,117</td><td>2,524</td><td>10,117</td></tr><tr><td>1953-June....</td><td>2% Treasury bond</td><td>- 6/15/53-55</td><td>725</td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/2% Treasury bond</td><td>- 12/15/49-53</td><td></td><td>1,786</td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/4% Treasury bond</td><td>- 12/15/51-53</td><td></td><td>1,118</td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>725</td><td>2,904</td><td>725</td><td>2,904</td></tr><tr><td>1954-Mar....</td><td>2-1/2% Treasury bond</td><td>- 3/15/52-54</td><td></td><td>1,024</td><td></td><td></td></tr><tr><td>June....</td><td>2-3/4% Treasury bond</td><td>- 6/15/51-54</td><td></td><td>1,627</td><td></td><td></td></tr><tr><td>June....</td><td>2-1/4% Treasury bond</td><td>- 6/15/54-56</td><td>681</td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>4% Treasury bond</td><td>- 12/15/44-54</td><td></td><td>1,037</td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>681</td><td>3,687</td><td>681</td><td>3,687</td></tr><tr><td>1955-Mar....</td><td>2-7/8% Treasury bond</td><td>- 3/15/55-60</td><td>2,611</td><td></td><td></td><td></td></tr><tr><td>June....</td><td>2-1/4% Treasury bond</td><td>- 6/15/52-55</td><td></td><td>1,501</td><td></td><td></td></tr><tr><td>June....</td><td>2% Treasury bond</td><td>- 6/15/53-55</td><td></td><td>725</td><td></td><td></td></tr><tr><td>Sept....</td><td>3% Treasury bond</td><td>- 9/15/51-55</td><td></td><td>755</td><td></td><td></td></tr><tr><td>Dec....</td><td>2% Treasury bond</td><td>- 12/15/51-55</td><td></td><td>510</td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>2,611</td><td>3,491</td><td>2,611</td><td>3,491</td></tr><tr><td>1956-Mar....</td><td>3-3/4% Treasury bond</td><td>- 3/15/46-56</td><td></td><td>489</td><td></td><td></td></tr><tr><td>Mar....</td><td>2-1/2% Treasury bond</td><td>- 3/15/56-58</td><td>1,449</td><td></td><td></td><td></td></tr><tr><td>June....</td><td>2-1/4% Treasury bond</td><td>- 6/15/54-56</td><td></td><td>681</td><td></td><td></td></tr><tr><td>Sept....</td><td>2-3/4% Treasury bond</td><td>- 9/15/56-59</td><td>982</td><td></td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>2,431</td><td>1,170</td><td>2,431</td><td>1,170</td></tr><tr><td>1957....</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1958-Mar....</td><td>2-1/2% Treasury bond</td><td>- 3/15/56-58</td><td></td><td>1,449</td><td></td><td></td></tr><tr><td>June....</td><td>2-3/4% Treasury bond</td><td>- 6/15/58-63</td><td>919</td><td></td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>919</td><td>1,449</td><td>919</td><td>1,449</td></tr><tr><td>1959-Sept....</td><td>2-3/4% Treasury bond</td><td>- 9/15/56-59</td><td></td><td>982</td><td></td><td></td></tr><tr><td>1960-Mar....</td><td>2-7/8% Treasury bond</td><td>- 3/15/55-60</td><td></td><td>2,611</td><td></td><td></td></tr><tr><td>Dec....</td><td>2-3/4% Treasury bond</td><td>- 12/15/60-65</td><td>1,485</td><td></td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>1,485</td><td>2,611</td><td>1,485</td><td>2,611</td></tr><tr><td>1961-June....</td><td>3% Panama Canal bond</td><td>- 6/1/61</td><td>50</td><td></td><td></td><td></td></tr><tr><td>1962-June....</td><td>2-1/2% Treasury bond</td><td>- 6/15/62-67</td><td>2,118</td><td></td><td></td><td></td></tr><tr><td>1963-June....</td><td>2-3/4% Treasury bond</td><td>- 6/15/58-63</td><td></td><td>919</td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/2% Treasury bond</td><td>- 12/15/63-68</td><td>2,831</td><td></td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>2,831</td><td>919</td><td>2,831</td><td>919</td></tr><tr><td>1964-Mar....</td><td>3-1/4% PHC bond</td><td>- 3/15/44-64</td><td></td><td>95</td><td></td><td></td></tr><tr><td>June....</td><td>2-1/2% Treasury bond</td><td>- 6/15/64-69</td><td>3,762</td><td></td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>3,762</td><td>95</td><td>3,762</td><td>95</td></tr><tr><td>1965-Deo....</td><td>2-3/4% Treasury bond</td><td>- 12/15/60-65</td><td></td><td>1,485</td><td></td><td></td></tr><tr><td>1966....</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1967-June....</td><td>2-1/2% Treasury bond</td><td>- 6/15/62-67</td><td></td><td>2,118</td><td></td><td></td></tr><tr><td>Sept....</td><td>2-1/2% Treasury bond</td><td>- 9/15/67-72</td><td>2,716</td><td></td><td></td><td></td></tr><tr><td>Total....</td><td></td><td></td><td>2,716</td><td>2,118</td><td>2,716</td><td>2,118</td></tr><tr><td>1968-Dec....</td><td>2-1/2% Treasury bond</td><td>- 12/15/63-68</td><td></td><td>2,831</td><td></td><td></td></tr><tr><td>1969-June....</td><td>2-1/2% Treasury bond</td><td>- 6/15/64-69</td><td></td><td>3,762</td><td></td><td></td></tr><tr><td>1970....</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1971....</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1972-Sept....</td><td>2-1/2% Treasury bond</td><td>- 9/15/67-72</td><td></td><td>2,716</td><td></td><td></td></tr></table>
Sources: Daily Treasury Statement, and reports to the Treasury.
1/ Excludes postal savings bonds and Federal Housing Administration debentures.
2/ It should be noted that callable issues appear twice in this column, once in the year of first call and again in the year of final maturity. Callable issues with respect to which a
definite notice of call has been made, however, are listed as fixed maturities. The abbreviations refer to the following corporations: Home Owners' Loan Corporation, Reconstruction Finance Corporation, Commodity Credit Corporation, Federal Farm Mortgage Corporation, and Federal Public Housing Authority.
29
Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
Since January 1, 1940
(In millions of dollars)
<table><tr><th rowspan="2">Date of announcement</th><th rowspan="2">Date of financing</th><th colspan="5">Description of new Treasury security 2/</th><th colspan="3">Amount issued</th><th rowspan="2">Public cash subscriptions tendered</th><th colspan="4">Description of security refunded</th></tr><tr><th>Date of issue</th><th>Coupon rate (percent)</th><th>Call and maturity dates</th><th colspan="2">Term</th><th colspan="2">Total</th><th>For cash</th><th>For ex-change</th><th>Class of security</th><th>Coupon rate (percent)</th><th>Call and maturity dates</th><th>Date of original issue</th></tr><tr><th></th><th></th><th>Notes</th><th>Bonda</th><th>Yrs.</th><th>Moe.</th><th>Yrs.</th><th>Mos.</th><th>Public</th><th>Goverment</th><th>account</th><th>3/</th><th></th><th></th><th></th><th></th></tr><tr><td colspan="17">Offerings in 1940</td></tr><tr><td>3/7</td><td>3/15</td><td>3/15/40</td><td>3/4</td><td>-</td><td>3/15/45</td><td>-</td><td>-</td><td>5</td><td>3</td><td>718</td><td>-</td><td>718</td><td>-</td><td>Treas.note</td><td>1-1/2</td><td>6/15/40</td><td>6/15/35</td></tr><tr><td>6/10</td><td>6/15</td><td>6/15/40</td><td>1</td><td>-</td><td>9/15/43</td><td>-</td><td>3</td><td>3</td><td>279</td><td>-</td><td>279</td><td>-</td><td>Treas.bond</td><td>3-3/8</td><td>6/15/40-43</td><td>7/16/28</td></tr><tr><td>7/11</td><td>7/22</td><td>7/22/40</td><td>-</td><td>2-1/4</td><td>6/15/54-56</td><td>13</td><td>10-3/4</td><td>15</td><td>10-3/4</td><td>681</td><td>631</td><td>50</td><td>6,605</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>9/25</td><td>10/7</td><td>10/7/40</td><td>-</td><td>2</td><td>6/15/53-55</td><td>12</td><td>8-1/4</td><td>14</td><td>8-1/4</td><td>725</td><td>-</td><td>725</td><td>-</td><td>Treas.note</td><td>1-1/2</td><td>12/15/40</td><td>12/16/35</td></tr><tr><td>12/11</td><td>12/18</td><td>12/18/40</td><td>3/4 T</td><td>-</td><td>12/15/45</td><td>-</td><td>-</td><td>5</td><td>-</td><td>531</td><td>531</td><td>-</td><td>4,071</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">Offerings in 1941</td></tr><tr><td>1/23</td><td>1/31</td><td>1/31/41</td><td>3/4 T</td><td>-</td><td>9/15/44</td><td>-</td><td>-</td><td>3</td><td>7-1/2</td><td>635</td><td>635</td><td>-</td><td>2,756</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2/25</td><td>3/15</td><td>3/15/41</td><td>3/4 T</td><td>-</td><td>3/15/43</td><td>-</td><td>2</td><td>2</td><td>32</td><td>-</td><td>5</td><td>28</td><td>-</td><td>Treas.bond</td><td>3-3/8</td><td>3/15/41-43</td><td>3/16/31</td></tr><tr><td></td><td></td><td>3/15/41</td><td>-</td><td>2</td><td>3/15/48-50</td><td>7</td><td>9</td><td>-</td><td>1,116</td><td>-</td><td>482</td><td>634</td><td>-</td><td>Treas.bond</td><td>3-3/8</td><td>3/15/41-43</td><td>3/16/31</td></tr><tr><td>3/19</td><td>3/31</td><td>3/15/41 4/31/41</td><td>3/4 T</td><td>2-1/2 T</td><td>3/15/43</td><td>10</td><td>11-1/2</td><td>2</td><td>11-1/2</td><td>33</td><td>526</td><td>50</td><td>33</td><td>6,145</td><td>Treas.note</td><td>1-3/8</td><td>6/15/41</td><td>6/15/36</td></tr><tr><td>5/22</td><td>6/2</td><td>3/15/41 6/2/41</td><td>3/4 T</td><td>2-1/2 T</td><td>3/15/43</td><td>10</td><td>11-1/2</td><td>1,024</td><td>1,024</td><td>526</td><td>50</td><td>447</td><td>-</td><td>Treas.note</td><td>1-3/8</td><td>6/15/41</td><td>6/15/36</td></tr><tr><td>10/9</td><td>10/20</td><td>10/20/41</td><td>-</td><td>2-1/2 T</td><td>3/15/56-58</td><td>14</td><td>9-1/2</td><td>16</td><td>9-1/2</td><td>1,449</td><td>662</td><td>1</td><td>787</td><td>8,268</td><td>Treas.bond</td><td>3-1/4</td><td>8/1/41</td><td>8/15/33</td></tr><tr><td>10/23</td><td>11/1</td><td>11/1/41</td><td>1 T</td><td>-</td><td>3/15/46</td><td>-</td><td>4</td><td>4-1/2</td><td>503</td><td>-</td><td>189</td><td>10,446</td><td>RFC note</td><td>1-1/4</td><td>12/15/41</td><td>12/15/36</td></tr><tr><td>12/4</td><td>12/15</td><td>12/15/41 12/20/41</td><td>-</td><td>2-1/2 T</td><td>9/15/61-72</td><td>25</td><td>10-3/4</td><td>30</td><td>10-3/4</td><td>533</td><td>533</td><td>50</td><td>299</td><td>5/2</td><td>4,728</td><td>6,979</td><td>7/8</td><td>11/1/41</td><td>11/1/38</td></tr><tr><td></td><td></td><td>12/15/41</td><td>-</td><td>2-1/2 T</td><td>9/15/61-72</td><td>25</td><td>10-3/4</td><td>30</td><td>10-3/4</td><td>1,120</td><td>1,070</td><td>-</td><td>203</td><td>5/2</td><td>-</td><td>-</td><td>CCC note</td><td>11/15/41</td><td>11/2/39</td></tr><tr><td colspan="17">Offerings in 1942</td></tr><tr><td>1/11</td><td>1/15</td><td>1/15/42</td><td>-</td><td>2</td><td>6/15/49-51</td><td>7</td><td>5</td><td>9</td><td>5</td><td>1,014</td><td>-</td><td>406</td><td>-</td><td>Treas.note</td><td>1-3/4</td><td>3/15/42</td><td>6/15/37</td></tr><tr><td>2/13</td><td>2/25</td><td>2/25/42</td><td>2-1/4 T</td><td>-</td><td>6/15/52-55</td><td>10</td><td>3-2/3</td><td>13</td><td>3-2/3</td><td>1,511</td><td>1,511</td><td>308</td><td>5/1</td><td>4,697</td><td>1/18</td><td>1/15/42</td><td>2/15/39</td></tr><tr><td>4/6</td><td>4/15</td><td>4/15/42</td><td>1/2 T 6/</td><td>-</td><td>11/1/42</td><td>-</td><td>6-1/2</td><td>-</td><td>1,507</td><td>1,507</td><td>-</td><td>205</td><td>5/1</td><td>3,062</td><td>-</td><td>-</td><td>-</td></tr><tr><td>5/4</td><td>5/15</td><td>5/15/42</td><td>2-1/2 T</td><td>-</td><td>6/15/62-67</td><td>20</td><td>1-1/3</td><td>25</td><td>1-1/3</td><td>882</td><td>882</td><td>-</td><td>96</td><td>5/1</td><td>3,283</td><td>-</td><td>-</td></tr><tr><td>5/25</td><td>6/5</td><td>6/5/42</td><td>1-1/2 T</td><td>-</td><td>9/15/49-51</td><td>7</td><td>4</td><td>9</td><td>4</td><td>1,292</td><td>1,292</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>6/18</td><td>6/25</td><td>6/25/42</td><td>5/8 T 6/</td><td>-</td><td>2/1/43</td><td>-</td><td>7</td><td>5</td><td>7</td><td>1,588</td><td>1,588</td><td>-</td><td>846</td><td>272</td><td>HOIC bond</td><td>2-1/4</td><td>7/1/42-44</td><td>7/1/35</td></tr><tr><td>7/8</td><td>7/15</td><td>7/15/42</td><td>2</td><td>2-1/2 T</td><td>6/15/49-51</td><td>7</td><td>5</td><td>9</td><td>5</td><td>2,098</td><td>2,098</td><td>-</td><td>-</td><td>-</td><td>RFC note</td><td>1</td><td>7/1/42</td><td>11/10/39</td></tr><tr><td>8/3</td><td>8/15</td><td>8/15/42</td><td>7/8 T 6/</td><td>2-1/2 T</td><td>6/15/62-67</td><td>20</td><td>1-1/3</td><td>25</td><td>1-1/3</td><td>1,236</td><td>1,236</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>9/10</td><td>9/21</td><td>9/21/42</td><td>.65 T 6/</td><td>-</td><td>8/1/43</td><td>-</td><td>11-1/2</td><td>1,609</td><td>1,609</td><td>1,506</td><td>1,506</td><td>-</td><td>1,236</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>9/10</td><td>9/25</td><td>9/25/42</td><td>1-1/4 T</td><td>-</td><td>5/1/43</td><td>-</td><td>7-1/3</td><td>1,506</td><td>1,506</td><td>1,609</td><td>1,609</td><td>-</td><td>3,273</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>10/8</td><td>10/15</td><td>6/5/42</td><td>1-1/2 T</td><td>-</td><td>3/15/45</td><td>-</td><td>5-2/3</td><td>1,606</td><td>1,606</td><td>1,606</td><td>1,606</td><td>-</td><td>1,992</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>10/8</td><td>10/19</td><td>10/19/42</td><td>2</td><td>-</td><td>12/15/46</td><td>7</td><td>5</td><td>9</td><td>5</td><td>2,142</td><td>2,142</td><td>-</td><td>2,142</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>10/26</td><td>11/2</td><td>11/2/42</td><td>7/8 T 6/</td><td>-</td><td>3/15/50-52</td><td>7</td><td>5</td><td>1</td><td>1</td><td>1,963</td><td>1,963</td><td>-</td><td>1,963</td><td>-</td><td>Ct.f. of in-debtenees</td><td>1/2</td><td>11/1/42</td><td>4/15/42</td></tr><tr><td>11/30</td><td>12/1</td><td>12/1/42</td><td>-</td><td>2-1/2 T</td><td>12/15/63-68</td><td>21</td><td>1/2</td><td>26</td><td>1/2</td><td>2,831</td><td>2,831</td><td>-</td><td>2,831</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>11/30</td><td>12/1</td><td>12/1/42</td><td>1-3/4 T</td><td>6/15/48</td><td>-</td><td>5</td><td>6-1/2</td><td>3,062</td><td>3,062</td><td>-</td><td>3,364</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>11/30</td><td>12/1</td><td>12/1/42</td><td>7/8 T 6/</td><td>-</td><td>12/1/43</td><td>-</td><td>1</td><td>3,800</td><td>3,800</td><td>-</td><td>5,184</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">Offerings in 1943</td></tr><tr><td>1/21</td><td>2/1</td><td>2/1/43</td><td>7/8 T 6/</td><td>-</td><td>2/1/44</td><td>-</td><td>-</td><td>1</td><td>-</td><td>2,211</td><td>2,211</td><td>-</td><td>6,402</td><td>Ct.f. of in-debtenees</td><td>5/8</td><td>2/1/43</td><td>6/25/42</td></tr><tr><td>4/12</td><td>4/15</td><td>4/15/43</td><td>2</td><td>T</td><td>9/15/50-52</td><td>7</td><td>5</td><td>9</td><td>5</td><td>4,939</td><td>4,939</td><td>-</td><td>12,757</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4/12</td><td>4/15</td><td>4/15/43</td><td>2-1/2 T</td><td>-</td><td>6/15/64-69</td><td>21</td><td>2</td><td>26</td><td>2</td><td>3,762</td><td>3,762</td><td>-</td><td>3,762</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4/19</td><td>5/1</td><td>5/1/43</td><td>7/8 T 6/</td><td>-</td><td>4/1/44</td><td>-</td><td>-</td><td>11-1/2</td><td>-</td><td>5,251</td><td>5,251</td><td>-</td><td>12,895</td><td>Ct.f. of in-debtenees</td><td>.65</td><td>5/1/43</td><td>9/21/42</td></tr><tr><td>6/28</td><td>7/12</td><td>7/12/43</td><td>1-1/2 T</td><td>-</td><td>9/15/47</td><td>-</td><td>4</td><td>2</td><td>2</td><td>2,707</td><td>2,707</td><td>-</td><td>1,373</td><td>5/1</td><td>282</td><td>5/1</td><td>5/1/43</td><td>8/1/40</td></tr><tr><td>7/22</td><td>8/2</td><td>8/2/43</td><td>7/8 T 6/</td><td>-</td><td>8/1/44</td><td>-</td><td>1</td><td>-</td><td>1</td><td>2,545</td><td>989</td><td>-</td><td>1,556</td><td>5,484</td><td>Ct.f. of in-debtenees</td><td>7/8</td><td>8/1/43</td><td>8/15/42</td></tr></table>
Back Figures: For period between July 1, 1932 and December 31, 1939 see Annual Report of the Secretary of the Treasury for 1940, pp. 53-54. T Taxable issue. 1/ A complete record of market financing operations conducted by the Treasury for agencies issuing securities guaranteed by the United States may be found in the July 1942 issue of the "Treasury Bulletin", page 64.
2/ Unless otherwise indicated, each offering was at par.
3/ The amounts shown in this column were sold to Government investment accounts direct from amounts set aside for this purpose.
4/ Additional offering at par of security already outstanding.
5/ Proceeds of payment of refunded security applied to payment for own issue - in effect an exchange and so treated in this statement.
6/ Certificates of indebtedness.
7/ Issued primarily for refunding maturing security.
30
Offerings and Maturities of Treasury Bills, Beginning August 1, 1942
<table><tr><th rowspan="2">Date of new issue or of maturity of old issue</th><th colspan="6">Data on new issues</th><th rowspan="2">Amount of maturing issue (In millions of dollars)</th><th rowspan="2">Total bills outstanding (as of date shown in first column) (In millions of dollars)</th></tr><tr><th>Maturity date</th><th>Number of days to maturity</th><th>Amount of cash subscriptions tendered (In millions of dollars)</th><th colspan="3">Bids accepted</th></tr><tr><th></th><th></th><th></th><th></th><th>Amount (In millions of dollars)</th><th>Average price per hundred</th><th>Equivalent average rate 1/ (Percent)</th><th></th><th></th></tr><tr><td>1942-Aug. 5</td><td>1942-Nov. 4</td><td>91</td><td>583.0</td><td>352.6</td><td>99.906</td><td>0.372</td><td>150.4</td><td>3,865.5</td></tr><tr><td>Aug. 12</td><td>Nov. 12</td><td>92</td><td>594.0</td><td>350.7</td><td>99.905</td><td>0.372</td><td>250.7</td><td>3,965.5</td></tr><tr><td>Aug. 19</td><td>Nov. 18</td><td>91</td><td>711.5</td><td>352.4</td><td>99.906</td><td>0.372</td><td>251.7</td><td>4,066.2</td></tr><tr><td>Aug. 26</td><td>Nov. 25</td><td>91</td><td>891.6</td><td>353.0</td><td>99.907</td><td>0.369</td><td>251.0</td><td>4,168.2</td></tr><tr><td>Sept. 2</td><td>Dec. 2</td><td>91</td><td>872.9</td><td>350.9</td><td>99.907</td><td>0.367</td><td>251.3</td><td>4,267.7</td></tr><tr><td>Sept. 9</td><td>Dec. 9</td><td>91</td><td>709.8</td><td>351.2</td><td>99.907</td><td>0.368</td><td>300.8</td><td>4,318.2</td></tr><tr><td>Sept. 16</td><td>Dec. 16</td><td>91</td><td>882.3</td><td>402.1</td><td>99.907</td><td>0.369</td><td>301.0</td><td>4,419.2</td></tr><tr><td>Sept. 17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>301.1</td><td>4,418.1</td></tr><tr><td>Sept. 23</td><td>Dec. 23</td><td>91</td><td>797.1</td><td>401.5</td><td>99.906</td><td>0.370</td><td>-</td><td>4,519.7</td></tr><tr><td>Sept. 30</td><td>Dec. 30</td><td>91</td><td>725.6</td><td>401.1</td><td>99.906</td><td>0.373</td><td>301.9</td><td>4,618.9</td></tr><tr><td>Oct. 7</td><td>1943-Jan. 6</td><td>91</td><td>773.2</td><td>400.2</td><td>99.907</td><td>0.369</td><td>300.1</td><td>4,729.0</td></tr><tr><td>Oct. 14</td><td>Jan. 13</td><td>91</td><td>713.1</td><td>400.4</td><td>99.906</td><td>0.373</td><td>301.2</td><td>4,818.2</td></tr><tr><td>Oct. 21</td><td>Jan. 20</td><td>91</td><td>984.8</td><td>505.1</td><td>99.906</td><td>0.373</td><td>351.9</td><td>4,971.5</td></tr><tr><td>Oct. 28</td><td>Jan. 27</td><td>91</td><td>893.2</td><td>504.6</td><td>99.906</td><td>0.373</td><td>350.3</td><td>5,125.7</td></tr><tr><td>Nov. 4</td><td>Feb. 3</td><td>91</td><td>905.7</td><td>500.1</td><td>99.906</td><td>0.373</td><td>352.6</td><td>5,273.3</td></tr><tr><td>Nov. 12</td><td>Feb. 10</td><td>90</td><td>1,013.2</td><td>501.4</td><td>99.907</td><td>0.373</td><td>350.7</td><td>5,424.0</td></tr><tr><td>Nov. 18</td><td>Feb. 17</td><td>91</td><td>1,157.4</td><td>501.5</td><td>99.906</td><td>0.371</td><td>352.4</td><td>5,573.2</td></tr><tr><td>Nov. 25</td><td>Feb. 24</td><td>91</td><td>1,149.2</td><td>501.2</td><td>99.907</td><td>0.370</td><td>353.0</td><td>5,721.4</td></tr><tr><td>Dec. 2</td><td>Mar. 3</td><td>91</td><td>1,220.3</td><td>503.2</td><td>99.907</td><td>0.368</td><td>350.9</td><td>5,873.8</td></tr><tr><td>Dec. 9</td><td>Mar. 10</td><td>91</td><td>1,222.9</td><td>504.8</td><td>99.907</td><td>0.367</td><td>351.2</td><td>6,027.3</td></tr><tr><td>Dec. 16</td><td>Mar. 17</td><td>91</td><td>1,293.8</td><td>600.8</td><td>99.908</td><td>0.364</td><td>402.1</td><td>6,226.1</td></tr><tr><td>Dec. 23</td><td>Mar. 24</td><td>91</td><td>1,220.8</td><td>601.1</td><td>99.908</td><td>0.363</td><td>401.5</td><td>6,425.6</td></tr><tr><td>Dec. 30</td><td>Mar. 31</td><td>91</td><td>930.3</td><td>603.0</td><td>99.908</td><td>0.365</td><td>401.1</td><td>6,627.5</td></tr><tr><td>1943-Jan. 6</td><td>Apr. 7</td><td>91</td><td>1,242.6</td><td>600.1</td><td>99.910</td><td>0.357</td><td>400.2</td><td>6,827.4</td></tr><tr><td>Jan. 13</td><td>Apr. 14</td><td>91</td><td>1,228.7</td><td>601.5</td><td>99.908</td><td>0.363</td><td>400.4</td><td>7,028.5</td></tr><tr><td>Jan. 20</td><td>Apr. 21</td><td>91</td><td>1,306.7</td><td>701.5</td><td>99.907</td><td>0.366</td><td>505.1</td><td>7,225.0</td></tr><tr><td>Jan. 27</td><td>Apr. 28</td><td>91</td><td>1,016.7</td><td>702.2</td><td>99.906</td><td>0.370</td><td>504.6</td><td>7,422.7</td></tr><tr><td>Feb. 3</td><td>May 5</td><td>91</td><td>1,301.8</td><td>701.9</td><td>99.907</td><td>0.369</td><td>500.1</td><td>7,624.4</td></tr><tr><td>Feb. 10</td><td>May 12</td><td>91</td><td>1,044.9</td><td>707.8</td><td>99.906</td><td>0.372</td><td>501.4</td><td>7,830.8</td></tr><tr><td>Feb. 17</td><td>May 19</td><td>91</td><td>1,114.2</td><td>703.0</td><td>99.906</td><td>0.373</td><td>501.5</td><td>8,032.4</td></tr><tr><td>Feb. 24</td><td>May 26</td><td>91</td><td>1,054.7</td><td>700.8</td><td>99.906</td><td>0.374</td><td>501.2</td><td>8,231.9</td></tr><tr><td>Mar. 3</td><td>June 2</td><td>91</td><td>1,394.5</td><td>701.3</td><td>99.907</td><td>0.369</td><td>503.2</td><td>8,430.0</td></tr><tr><td>Mar. 10</td><td>June 9</td><td>91</td><td>1,382.3</td><td>705.3</td><td>99.906</td><td>0.371</td><td>504.8</td><td>8,630.4</td></tr><tr><td>Mar. 17</td><td>June 16</td><td>91</td><td>1,302.7</td><td>802.2</td><td>99.906</td><td>0.373</td><td>600.8</td><td>8,831.8</td></tr><tr><td>Mar. 24</td><td>June 23</td><td>91</td><td>1,329.9</td><td>802.1</td><td>99.906</td><td>0.373</td><td>601.1</td><td>9,032.7</td></tr><tr><td>Mar. 31</td><td>June 30</td><td>91</td><td>1,101.1</td><td>805.1</td><td>99.906</td><td>0.374</td><td>603.0</td><td>9,234.4</td></tr><tr><td>Apr. 7</td><td>July 7</td><td>91</td><td>1,104.1</td><td>804.7</td><td>99.905</td><td>0.374</td><td>600.1</td><td>9,439.4</td></tr><tr><td>Apr. 14</td><td>July 14</td><td>91</td><td>1,359.6</td><td>804.0</td><td>99.906</td><td>0.373</td><td>601.5</td><td>9,641.9</td></tr><tr><td>Apr. 21</td><td>July 21</td><td>91</td><td>1,622.3</td><td>904.7</td><td>99.906</td><td>0.371</td><td>701.5</td><td>9,845.0</td></tr><tr><td>Apr. 28</td><td>July 28</td><td>91</td><td>1,585.8</td><td>901.8</td><td>99.906</td><td>0.372</td><td>702.2</td><td>10,044.4</td></tr><tr><td>May 5</td><td>Aug. 4</td><td>91</td><td>1,388.6</td><td>901.2</td><td>99.906</td><td>0.373</td><td>701.9</td><td>10,244.5</td></tr><tr><td>May 12</td><td>Aug. 12</td><td>92</td><td>1,509.3</td><td>907.0</td><td>99.905</td><td>0.372</td><td>707.8</td><td>10,443.6</td></tr><tr><td>May 19</td><td>Aug. 19</td><td>92</td><td>1,566.7</td><td>907.8</td><td>99.905</td><td>0.373</td><td>703.0</td><td>10,648.4</td></tr><tr><td>May 26</td><td>Aug. 26</td><td>92</td><td>1,378.7</td><td>905.4</td><td>99.905</td><td>0.373</td><td>700.8</td><td>10,852.9</td></tr><tr><td>June 2</td><td>Sept. 2</td><td>92</td><td>1,321.6</td><td>906.0</td><td>99.905</td><td>0.374</td><td>701.3</td><td>11,057.7</td></tr><tr><td>June 9</td><td>Sept. 9</td><td>92</td><td>1,437.2</td><td>908.7</td><td>99.904</td><td>0.374</td><td>705.3</td><td>11,261.1</td></tr><tr><td>June 16</td><td>Sept. 16</td><td>92</td><td>1,405.5</td><td>1,000.5</td><td>99.905</td><td>0.374</td><td>802.2</td><td>11,459.4</td></tr><tr><td>June 23</td><td>Sept. 23</td><td>92</td><td>1,374.6</td><td>1,006.1</td><td>99.904</td><td>0.374</td><td>802.1</td><td>11,663.4</td></tr><tr><td>June 30</td><td>Sept. 30</td><td>92</td><td>1,305.8</td><td>1,005.2</td><td>99.904</td><td>0.374</td><td>805.1</td><td>11,863.9</td></tr><tr><td>July 7</td><td>Oct. 7</td><td>92</td><td>1,176.4</td><td>1,003.1</td><td>99.904</td><td>0.375</td><td>804.7</td><td>12,062.5</td></tr><tr><td>July 14</td><td>Oct. 14</td><td>92</td><td>1,345.5</td><td>1,001.2</td><td>99.904</td><td>0.374</td><td>804.0</td><td>12,259.7</td></tr><tr><td>July 21</td><td>Oct. 21</td><td>92</td><td>1,520.3</td><td>1,003.7</td><td>99.905</td><td>0.374</td><td>904.7</td><td>12,358.7</td></tr><tr><td>July 28</td><td>Oct. 28</td><td>92</td><td>1,373.8</td><td>1,002.8</td><td>99.904</td><td>0.374</td><td>901.8</td><td>12,459.8</td></tr><tr><td>Aug. 4</td><td>Nov. 4</td><td>92</td><td>1,408.9</td><td>1,005.8</td><td>99.904</td><td>0.374</td><td>901.8</td><td>12,563.8</td></tr><tr><td>Aug. 12</td><td>Nov. 12</td><td>92</td><td>1,419.0</td><td>994.7</td><td>99.904</td><td>0.374</td><td>907.0</td><td>12,551.5</td></tr><tr><td>Aug. 19</td><td>Nov. 18</td><td>91</td><td>1,420.5</td><td>1,005.3</td><td>99.905</td><td>0.375</td><td>907.8</td><td>12,749.0</td></tr><tr><td>Aug. 26</td><td>Nov. 26</td><td>92</td><td>1,277.9</td><td>1,002.3</td><td>99.904</td><td>0.374</td><td>905.4</td><td>12,846.0</td></tr></table>
Source: Data on new issues come from Public Debt Service; amount of maturing issue and total bills outstanding are on Daily Treasury Statement basis.
Back Figures: Annual Reports of the Secretary of the Treasury. 1/ Bank discount basis.
31
Sales of United States Savings Bonds
Table 1.- Summary, by Series
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Amount outstanding end of fiscal year or month 1/</th><th rowspan="2">Net change during fiscal year or month</th><th colspan="3">Analysis of net change</th><th colspan="3">Redemptions</th></tr><tr><th colspan="3">Gross sales</th><th>Accrual of redemption values</th><th>Total</th><th>Original purchase price 3/</th><th>Interest accrued 3/</th></tr><tr><td></td><td></td><td></td><td>Total funds received</td><td>Adjustment of sales reported to funds received 2/</td><td>Sales reported 2/</td><td></td><td></td><td></td><td></td></tr></table>
All series 4/
<table><tr><td>1935</td><td>62.0</td><td>+62.0</td><td>62.6</td><td>-</td><td>62.6</td><td>-</td><td>.5</td><td>.5</td><td>.</td></tr><tr><td>1936</td><td>316.1</td><td>+254.1</td><td>264.0</td><td>-</td><td>264.0</td><td>1.2</td><td>11.2</td><td>11.1</td><td>.3</td></tr><tr><td>1937</td><td>799.6</td><td>+483.5</td><td>512.6</td><td>-</td><td>512.6</td><td>7.2</td><td>36.2</td><td>35.9</td><td>1.1</td></tr><tr><td>1938</td><td>1,237.7</td><td>+438.0</td><td>487.5</td><td>-</td><td>487.5</td><td>17.1</td><td>66.6</td><td>65.6</td><td>2.0</td></tr><tr><td>1939</td><td>1,868.1</td><td>+630.5</td><td>684.5</td><td>-</td><td>684.5</td><td>28.0</td><td>82.0</td><td>80.0</td><td>3.4</td></tr><tr><td>1940</td><td>2,904.7</td><td>+1,036.6</td><td>1,108.7</td><td>-</td><td>1,108.7</td><td>42.1</td><td>114.3</td><td>110.8</td><td>5.3</td></tr><tr><td>1941</td><td>4,314.0</td><td>+1,409.3</td><td>1,492.4</td><td>-65.1</td><td>1,557.5</td><td>65.0</td><td>148.1</td><td>142.8</td><td>6.5</td></tr><tr><td>1942</td><td>10,188.2</td><td>+5,874.2</td><td>5,994.1</td><td>-12.8</td><td>6,006.9</td><td>87.5</td><td>207.4</td><td>200.9</td><td>5/</td></tr><tr><td>1943</td><td>21,256.2</td><td>+11,068.0</td><td>11,788.7</td><td>+111.1</td><td>11,677.6</td><td>127.6</td><td>848.3</td><td>5/</td><td>5/</td></tr><tr><td>1942-August</td><td>11,751.2</td><td>+673.3</td><td>697.3</td><td>+27.3</td><td>669.9</td><td>8.2</td><td>32.2</td><td>31.6</td><td>.6</td></tr><tr><td>September</td><td>12,478.8</td><td>+727.6</td><td>754.7</td><td>-72.7</td><td>827.4</td><td>7.2</td><td>34.3</td><td>33.7</td><td>.6</td></tr><tr><td>October</td><td>13,380.8</td><td>+902.0</td><td>935.0</td><td>+130.7</td><td>804.3</td><td>7.2</td><td>40.1</td><td>39.6</td><td>.5</td></tr><tr><td>November</td><td>14,078.9</td><td>+698.0</td><td>734.6</td><td>+8.5</td><td>726.1</td><td>6.7</td><td>43.2</td><td>42.7</td><td>.5</td></tr><tr><td>December</td><td>15,049.8</td><td>+970.9</td><td>1,014.2</td><td>-23.9</td><td>1,038.1</td><td>11.4</td><td>54.7</td><td>54.2</td><td>.5</td></tr><tr><td>1943-January</td><td>16,246.1</td><td>+1,196.3</td><td>1,240.4</td><td>+7.2</td><td>1,233.2</td><td>18.8</td><td>63.0</td><td>62.4</td><td>.6</td></tr><tr><td>February</td><td>17,067.5</td><td>+821.4</td><td>887.2</td><td>+7</td><td>886.5</td><td>10.5</td><td>76.4</td><td>75.8</td><td>.6</td></tr><tr><td>March</td><td>17,890.7</td><td>+823.2</td><td>944.3</td><td>+6.7</td><td>937.5</td><td>10.2</td><td>131.2</td><td>130.5</td><td>.7</td></tr><tr><td>April</td><td>19,267.0</td><td>+1,376.3</td><td>1,469.7</td><td>-75.5</td><td>1,545.2</td><td>9.4</td><td>102.8</td><td>102.1</td><td>.7</td></tr><tr><td>May</td><td>20,507.4</td><td>+1,240.4</td><td>1,335.0</td><td>+75.5</td><td>1,259.5</td><td>9.4</td><td>104.0</td><td>5/</td><td>5/</td></tr><tr><td>June</td><td>21,256.2</td><td>+748.8</td><td>875.5</td><td>+29.9</td><td>845.6</td><td>14.4</td><td>141.1</td><td>5/</td><td>5/</td></tr><tr><td>July</td><td>22,030.2</td><td>+774.1</td><td>889.7</td><td>-16.7</td><td>906.4</td><td>22.6</td><td>138.2</td><td>5/</td><td>5/</td></tr><tr><td>August</td><td>22,693.5</td><td>+663.3</td><td>801.7</td><td>+10.8 p</td><td>790.9 p</td><td>13.6</td><td>152.0</td><td>5/</td><td>5/</td></tr></table>
Series A-D
<table><tr><td>1935</td><td>62.0</td><td>+62.0</td><td>62.6</td><td>-</td><td>62.6</td><td>-</td><td>.5</td><td>.5</td><td>-</td></tr><tr><td>1936</td><td>316.1</td><td>+254.1</td><td>264.0</td><td>-</td><td>264.0</td><td>1.2</td><td>11.2</td><td>11.1</td><td>-</td></tr><tr><td>1937</td><td>799.6</td><td>+483.5</td><td>512.6</td><td>-</td><td>512.6</td><td>7.2</td><td>36.2</td><td>35.9</td><td>.3</td></tr><tr><td>1938</td><td>1,237.7</td><td>+438.0</td><td>487.5</td><td>-</td><td>487.5</td><td>17.1</td><td>66.6</td><td>65.6</td><td>1.1</td></tr><tr><td>1939</td><td>1,868.1</td><td>+630.5</td><td>684.5</td><td>-</td><td>684.5</td><td>28.0</td><td>82.0</td><td>80.0</td><td>2.0</td></tr><tr><td>1940</td><td>2,904.7</td><td>+1,036.6</td><td>1,108.7</td><td>-</td><td>1,108.7</td><td>42.1</td><td>114.3</td><td>110.8</td><td>3.4</td></tr><tr><td>1941</td><td>3,650.2</td><td>+745.5</td><td>828.0</td><td>-</td><td>828.0</td><td>65.0</td><td>147.5</td><td>142.2</td><td>5.3</td></tr><tr><td>1942</td><td>3,604.2</td><td>-46.1</td><td>.8</td><td>-</td><td>.8</td><td>85.9</td><td>132.7</td><td>126.2</td><td>6.5</td></tr><tr><td>1943</td><td>3,608.0</td><td>+3.8</td><td>.1</td><td>-</td><td>.1</td><td>92.0</td><td>88.2</td><td>5/</td><td>5/</td></tr><tr><td>1942-August</td><td>3,608.2</td><td>-1.6</td><td>-</td><td>-</td><td>-</td><td>7.5</td><td>9.0</td><td>8.4</td><td>.6</td></tr><tr><td>September</td><td>3,606.3</td><td>-1.9</td><td>-</td><td>-</td><td>-</td><td>6.5</td><td>8.4</td><td>7.8</td><td>.6</td></tr><tr><td>October</td><td>3,604.2</td><td>-2.2</td><td>-</td><td>-</td><td>-</td><td>5.8</td><td>7.9</td><td>7.4</td><td>.5</td></tr><tr><td>November</td><td>3,602.6</td><td>-1.6</td><td>-</td><td>-</td><td>-</td><td>4.7</td><td>6.3</td><td>5.9</td><td>.4</td></tr><tr><td>December</td><td>3,603.2</td><td>+6</td><td>-</td><td>-</td><td>-</td><td>7.3</td><td>6.7</td><td>6.3</td><td>.5</td></tr><tr><td>1943-January</td><td>3,608.9</td><td>+5.7</td><td>-</td><td>-</td><td>-</td><td>13.3</td><td>7.5</td><td>7.0</td><td>.6</td></tr><tr><td>February</td><td>3,609.5</td><td>+6</td><td>-</td><td>-</td><td>-</td><td>7.5</td><td>6.9</td><td>6.4</td><td>.5</td></tr><tr><td>March</td><td>3,609.1</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>7.3</td><td>7.6</td><td>7.0</td><td>.6</td></tr><tr><td>April</td><td>3,608.1</td><td>-1.0</td><td>-</td><td>-</td><td>-</td><td>6.3</td><td>7.3</td><td>6.8</td><td>.6</td></tr><tr><td>May</td><td>3,606.8</td><td>-1.3</td><td>-</td><td>-</td><td>-</td><td>5.2</td><td>6.5</td><td>5/</td><td>5/</td></tr><tr><td>June</td><td>3,608.0</td><td>+1.2</td><td>-</td><td>-</td><td>-</td><td>7.5</td><td>6.3</td><td>5/</td><td>5/</td></tr><tr><td>July</td><td>3,614.8</td><td>+6.8</td><td>-</td><td>-</td><td>-</td><td>13.6</td><td>6.8</td><td>5/</td><td>5/</td></tr><tr><td>August</td><td>3,615.3</td><td>+5</td><td>-</td><td>-</td><td>-</td><td>7.6</td><td>7.1</td><td>5/</td><td>5/</td></tr></table>
(Continued on following page)
32
Sales of United States Savings Bonds - (Continued)
Table 1.- Summary, by Series - (Continued)
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Amount outstanding end of fiscal year or month 1/</th><th>Net change during fiscal year or month</th><th colspan="3">Gross sales</th><th colspan="3">Redemptions</th></tr><tr><th></th><th></th><th></th><th>Total funds received</th><th>Adjustment of sales reported to funds received 2/</th><th>Sales reported 2/</th><th>Accrual of redemption values</th><th>Total</th><th>Original purchase price 3/</th><th>Interest accrued 1/</th></tr><tr><th colspan="10">Series B</th></tr><tr><td>1941</td><td>203.1</td><td>+203.1</td><td>203.1</td><td>*</td><td>203.1</td><td>-</td><td>*</td><td>*</td><td>-</td></tr><tr><td>1942</td><td>3,670.8</td><td>+3,467.7</td><td>3,526.3</td><td>-15.0</td><td>3,541.3</td><td>1.5</td><td>60.0</td><td>60.0</td><td>*</td></tr><tr><td>1943</td><td>11,286.6</td><td>+7,615.8</td><td>8,271.3</td><td>+90.7</td><td>8,180.5</td><td>33.1</td><td>688.6</td><td>688.0</td><td>.6</td></tr><tr><td>1942-August</td><td>4,600.8</td><td>+435.7</td><td>454.0</td><td>+13.5</td><td>440.5</td><td>.7</td><td>19.0</td><td>19.0</td><td>*</td></tr><tr><td>September</td><td>5,088.8</td><td>+488.0</td><td>509.9</td><td>-35.3</td><td>545.1</td><td>.7</td><td>22.5</td><td>22.5</td><td>*</td></tr><tr><td>October</td><td>5,726.3</td><td>+637.5</td><td>664.8</td><td>+79.2</td><td>585.6</td><td>.8</td><td>28.1</td><td>28.1</td><td>*</td></tr><tr><td>November</td><td>6,237.4</td><td>+511.1</td><td>541.6</td><td>-1.1</td><td>542.6</td><td>1.5</td><td>32.0</td><td>32.0</td><td>*</td></tr><tr><td>December</td><td>6,923.2</td><td>+685.8</td><td>725.8</td><td>-19.8</td><td>745.6</td><td>3.8</td><td>43.8</td><td>43.8</td><td>*</td></tr><tr><td>1943-January</td><td>7,693.7</td><td>+770.5</td><td>814.9</td><td>+3.2</td><td>811.7</td><td>5.2</td><td>49.7</td><td>49.6</td><td>*</td></tr><tr><td>February</td><td>8,267.4</td><td>+573.7</td><td>633.6</td><td>+4.4</td><td>629.2</td><td>2.8</td><td>62.7</td><td>62.7</td><td>*</td></tr><tr><td>March</td><td>8,873.9</td><td>+606.5</td><td>720.4</td><td>+7.7</td><td>712.7</td><td>2.7</td><td>116.6</td><td>116.5</td><td>.1</td></tr><tr><td>April</td><td>9,796.0</td><td>+922.1</td><td>1,006.8</td><td>-23.8</td><td>1,030.6</td><td>3.0</td><td>87.7</td><td>87.6</td><td>.1</td></tr><tr><td>May</td><td>10,709.0</td><td>+913.0</td><td>995.2</td><td>+27.5</td><td>967.8</td><td>4.2</td><td>86.5</td><td>86.4</td><td>.1</td></tr><tr><td>June</td><td>11,286.6</td><td>+577.6</td><td>696.2</td><td>+27.4</td><td>668.8</td><td>6.5</td><td>125.1</td><td>125.0</td><td>.1</td></tr><tr><td>July</td><td>11,857.8</td><td>+571.1</td><td>682.9</td><td>-26.1</td><td>709.0</td><td>8.4</td><td>120.1</td><td>120.0</td><td>.2</td></tr><tr><td>August</td><td>12,790.6</td><td>+532.8</td><td>661.2</td><td>+6.2 p</td><td>655.0 p</td><td>5.6</td><td>134.0</td><td>133.8</td><td>.2</td></tr><tr><th colspan="10">Series F</th></tr><tr><td>1941</td><td>66.6</td><td>+66.6</td><td>66.7</td><td>-8.3</td><td>75.0</td><td>-</td><td>*</td><td>*</td><td>-</td></tr><tr><td>1942</td><td>498.9</td><td>+432.3</td><td>434.9</td><td>-2.0</td><td>437.0</td><td>.2</td><td>2.9</td><td>2.9</td><td>*</td></tr><tr><td>1943</td><td>1,242.3</td><td>+743.4</td><td>757.9</td><td>+11.0</td><td>746.9</td><td>2.5</td><td>17.0</td><td>5/</td><td>5/</td></tr><tr><td>1942-August</td><td>623.8</td><td>+51.6</td><td>52.3</td><td>+3.9</td><td>48.4</td><td>*</td><td>.8</td><td>.8</td><td>*</td></tr><tr><td>September</td><td>684.0</td><td>+60.2</td><td>60.8</td><td>-8.4</td><td>69.2</td><td>1.1</td><td>.6</td><td>.6</td><td>*</td></tr><tr><td>October</td><td>744.2</td><td>+60.3</td><td>60.6</td><td>+11.1</td><td>49.5</td><td>.6</td><td>.9</td><td>.9</td><td>*</td></tr><tr><td>November</td><td>788.6</td><td>+44.4</td><td>44.8</td><td>+2.9</td><td>41.9</td><td>.4</td><td>.7</td><td>.7</td><td>*</td></tr><tr><td>December</td><td>853.9</td><td>+65.3</td><td>66.0</td><td>+9</td><td>65.1</td><td>.2</td><td>.9</td><td>.9</td><td>*</td></tr><tr><td>1943-January</td><td>929.8</td><td>+75.8</td><td>77.1</td><td>+1.5</td><td>75.6</td><td>.3</td><td>1.6</td><td>1.6</td><td>*</td></tr><tr><td>February</td><td>976.6</td><td>+46.8</td><td>48.3</td><td>-2.6</td><td>50.9</td><td>.2</td><td>1.7</td><td>1.7</td><td>*</td></tr><tr><td>March</td><td>1,018.8</td><td>+42.2</td><td>43.9</td><td>+2</td><td>43.7</td><td>.2</td><td>1.8</td><td>1.8</td><td>*</td></tr><tr><td>April</td><td>1,126.5</td><td>+107.7</td><td>109.5</td><td>-11.3</td><td>120.8</td><td>-</td><td>1.8</td><td>1.8</td><td>*</td></tr><tr><td>May</td><td>1,209.5</td><td>+83.1</td><td>85.9</td><td>+14.0</td><td>71.9</td><td>*</td><td>2.8</td><td>5/</td><td>5/</td></tr><tr><td>June</td><td>1,242.3</td><td>+32.8</td><td>35.1</td><td>+5</td><td>34.6</td><td>.4</td><td>2.8</td><td>5/</td><td>5/</td></tr><tr><td>July</td><td>1,277.7</td><td>+35.4</td><td>37.6</td><td>+2.0</td><td>35.6</td><td>.7</td><td>2.8</td><td>5/</td><td>5/</td></tr><tr><td>August</td><td>1,302.7</td><td>+24.9</td><td>28.1</td><td>+1.1 p</td><td>26.8 p</td><td>.4</td><td>3.5</td><td>2/</td><td>5/</td></tr><tr><th colspan="10">Series O</th></tr><tr><td>1941</td><td>394.0</td><td>+394.0</td><td>394.6</td><td>-56.3</td><td>450.4</td><td>-</td><td>.5</td><td>.5</td><td>-</td></tr><tr><td>1942</td><td>2,414.3</td><td>+2,020.3</td><td>2,032.1</td><td>+4.3</td><td>2,027.8</td><td>-</td><td>11.8</td><td>11.8</td><td>-</td></tr><tr><td>1943</td><td>5,119.2</td><td>+2,704.9</td><td>2,759.5</td><td>+9.4</td><td>2,750.1</td><td>-</td><td>54.5</td><td>54.5</td><td>-</td></tr><tr><td>1942-August</td><td>2,918.5</td><td>+187.6</td><td>191.0</td><td>+10.0</td><td>181.1</td><td>-</td><td>3.4</td><td>3.4</td><td>-</td></tr><tr><td>September</td><td>3,099.7</td><td>+181.3</td><td>184.0</td><td>-29.0</td><td>213.0</td><td>-</td><td>2.8</td><td>2.8</td><td>-</td></tr><tr><td>October</td><td>3,306.1</td><td>+206.4</td><td>209.6</td><td>+40.4</td><td>169.2</td><td>-</td><td>3.2</td><td>3.2</td><td>-</td></tr><tr><td>November</td><td>3,450.3</td><td>+144.2</td><td>148.2</td><td>+6.6</td><td>141.6</td><td>-</td><td>4.1</td><td>4.1</td><td>-</td></tr><tr><td>December</td><td>3,669.5</td><td>+219.2</td><td>222.4</td><td>-5.0</td><td>227.4</td><td>-</td><td>3.2</td><td>3.2</td><td>-</td></tr><tr><td>1943-January</td><td>4,013.7</td><td>+344.3</td><td>348.4</td><td>+2.5</td><td>345.9</td><td>-</td><td>4.2</td><td>4.2</td><td>-</td></tr><tr><td>February</td><td>4,214.0</td><td>+200.3</td><td>205.3</td><td>-1.1</td><td>206.4</td><td>-</td><td>5.0</td><td>5.0</td><td>-</td></tr><tr><td>March</td><td>4,388.9</td><td>+174.8</td><td>180.0</td><td>-1.2</td><td>181.2</td><td>-</td><td>5.2</td><td>5.2</td><td>-</td></tr><tr><td>April</td><td>4,736.4</td><td>+347.5</td><td>353.4</td><td>-40.3</td><td>393.8</td><td>-</td><td>5.9</td><td>5.9</td><td>-</td></tr><tr><td>May</td><td>4,982.0</td><td>+245.6</td><td>253.9</td><td>+34.0</td><td>219.8</td><td>-</td><td>8.2</td><td>8.2</td><td>-</td></tr><tr><td>June</td><td>5,119.2</td><td>+137.2</td><td>144.1</td><td>+1.9</td><td>142.2</td><td>-</td><td>6.9</td><td>6.9</td><td>-</td></tr><tr><td>July</td><td>5,280.0</td><td>+160.8</td><td>169.2</td><td>+7.5</td><td>161.8</td><td>-</td><td>8.5</td><td>8.5</td><td>-</td></tr><tr><td>August</td><td>5,385.0</td><td>+105.0</td><td>112.4</td><td>+3.3 p</td><td>109.1 p</td><td>-</td><td>7.4</td><td>7.4</td><td>-</td></tr></table><p>Source: Daily Treasury Statements and reports of gross sales.</p><p>1/ Less than $50,000.</p><p>2/ At current redemption values except Series O, which is stated at per.</p><p>3/ Unclassified sales shown in the Daily Treasury Statement have been classified by series.</p><p>4/ Series A-D date are shown only on a funds received basis. Series B date are not available on a sales reported basis prior to July 1941; consequently date for the fiscal year 1941 are on a funds received basis.</p><p>5/ Estimated, except for Series O.</p><p>6/ Series A-D, the sale of which commenced in March 1935 and continued through April 1941, are 10 year discount bonds which were sold at 75% of maturity value, yielding 2.90% per annum if held to maturity; purchasers were limited to $7,500 issue price in any one calendar year and from April 1, 1940, could be made only by individuals. Series E, F, and O have been on sale since May 1, 1941. Series E is a 10 year discount bond sold at 75% of maturity value, yielding 2.90% per annum if held to maturity; purchasers are limited to $3,750 issue price in any one calendar year and may be made only by individuals. Series F is a 12 year discount bond sold at 74% of maturity value, yielding 2.53% per annum if held to maturity. Series G is a 12 year current income bond, sold at par, bearing interest at the rate of 2-1/2% per annum, redeemable at par on maturity, or at stated prices less than par before maturity. Purchases of Series F and O in any one calendar year are limited to $100,000 issue price for the two series combined ($50,000 in the calendar year 1941) and may be made by any investors other than commercial banks. For further details concerning redemption values and investment yields, see "Treasury Bulletin" for August 1943, page 4.</p><p>7/ Not yet available.</p>
33
Sales of United States Savings Bonds - (Continued)
Table 2.- Sales Reported by Series, Classified by Denomination
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Sales in millions of dollars at irate price</th><th colspan="7">Percentage distribution of sales</th></tr><tr><th>Total all denomi- natione</th><th>$25</th><th>$50</th><th>$100</th><th>$500</th><th>$1,000</th><th>$5,000</th><th>$10,000</th><th>Total all denomi- natione</th><th>$25</th><th>$50</th><th>$100</th><th>$500</th><th>$1,000</th><th>$5,000</th><th>$10,000</th></tr><tr><td colspan="16">Series E</td></tr><tr><td>1941 1/</td><td>203.1</td><td>14.4</td><td>13.3</td><td>41.4</td><td>40.7</td><td>93.4</td><td>.....</td><td>.....</td><td>100.0</td><td>7.1</td><td>6.5</td><td>20.4</td><td>20.0</td><td>46.0</td><td>.....</td><td>.....</td></tr><tr><td>1942</td><td>3,541.3</td><td>613.1</td><td>342.8</td><td>816.4</td><td>641.6</td><td>1,127.4</td><td>.....</td><td>.....</td><td>100.0</td><td>17.3</td><td>9.7</td><td>23.1</td><td>18.1</td><td>31.8</td><td>.....</td><td>.....</td></tr><tr><td>1943</td><td>8,180.5</td><td>2,951.8</td><td>1,068.4</td><td>1,695.2</td><td>997.6</td><td>1,467.5</td><td>.....</td><td>.....</td><td>100.0</td><td>36.1</td><td>13.1</td><td>20.7</td><td>12.2</td><td>17.9</td><td>.....</td><td>.....</td></tr><tr><td>1942-August</td><td>440.5</td><td>164.4</td><td>58.6</td><td>97.9</td><td>50.3</td><td>69.1</td><td>.....</td><td>.....</td><td>100.0</td><td>37.3</td><td>13.3</td><td>22.3</td><td>11.4</td><td>15.7</td><td>.....</td><td>.....</td></tr><tr><td>September</td><td>545.1</td><td>202.4</td><td>72.1</td><td>119.8</td><td>64.5</td><td>86.3</td><td>.....</td><td>.....</td><td>100.0</td><td>37.1</td><td>13.2</td><td>22.0</td><td>11.8</td><td>15.9</td><td>.....</td><td>.....</td></tr><tr><td>October</td><td>585.6</td><td>222.6</td><td>78.4</td><td>125.5</td><td>68.2</td><td>90.9</td><td>.....</td><td>.....</td><td>100.0</td><td>38.0</td><td>13.4</td><td>21.4</td><td>11.7</td><td>15.5</td><td>.....</td><td>.....</td></tr><tr><td>November</td><td>542.6</td><td>215.2</td><td>74.5</td><td>116.0</td><td>60.5</td><td>76.5</td><td>.....</td><td>.....</td><td>100.0</td><td>39.7</td><td>13.7</td><td>21.4</td><td>11.1</td><td>14.1</td><td>.....</td><td>.....</td></tr><tr><td>December</td><td>745.6</td><td>272.3</td><td>101.3</td><td>160.9</td><td>91.5</td><td>119.6</td><td>.....</td><td>.....</td><td>100.0</td><td>36.5</td><td>13.6</td><td>21.6</td><td>12.3</td><td>16.0</td><td>.....</td><td>.....</td></tr><tr><td>1943-January</td><td>811.7</td><td>270.2</td><td>99.4</td><td>157.2</td><td>100.5</td><td>184.4</td><td>.....</td><td>.....</td><td>100.0</td><td>33.3</td><td>12.2</td><td>19.4</td><td>12.4</td><td>22.7</td><td>.....</td><td>.....</td></tr><tr><td>February</td><td>629.2</td><td>241.6</td><td>83.1</td><td>119.3</td><td>68.5</td><td>116.7</td><td>.....</td><td>.....</td><td>100.0</td><td>38.4</td><td>13.2</td><td>19.0</td><td>10.9</td><td>18.5</td><td>.....</td><td>.....</td></tr><tr><td>March</td><td>712.7</td><td>290.3</td><td>98.2</td><td>133.8</td><td>75.0</td><td>115.3</td><td>.....</td><td>.....</td><td>100.0</td><td>40.7</td><td>13.8</td><td>18.8</td><td>10.5</td><td>16.2</td><td>.....</td><td>.....</td></tr><tr><td>April</td><td>1,030.6</td><td>310.3</td><td>121.0</td><td>215.6</td><td>152.2</td><td>231.5</td><td>.....</td><td>.....</td><td>100.0</td><td>30.1</td><td>11.7</td><td>20.9</td><td>14.8</td><td>22.5</td><td>.....</td><td>.....</td></tr><tr><td>May</td><td>967.8</td><td>315.6</td><td>122.9</td><td>208.3</td><td>134.7</td><td>186.3</td><td>.....</td><td>.....</td><td>100.0</td><td>32.6</td><td>12.7</td><td>21.5</td><td>13.9</td><td>19.3</td><td>.....</td><td>.....</td></tr><tr><td>June</td><td>668.8</td><td>287.5</td><td>98.8</td><td>128.0</td><td>64.3</td><td>90.1</td><td>.....</td><td>.....</td><td>100.0</td><td>43.0</td><td>14.8</td><td>19.1</td><td>9.6</td><td>13.5</td><td>.....</td><td>.....</td></tr><tr><td>July</td><td>709.0</td><td>301.4</td><td>103.0</td><td>134.1</td><td>69.8</td><td>100.7</td><td>.....</td><td>.....</td><td>100.0</td><td>42.5</td><td>14.5</td><td>18.9</td><td>9.9</td><td>14.2</td><td>.....</td><td>.....</td></tr><tr><td>August p</td><td>655.0</td><td>288.1</td><td>101.1</td><td>124.5</td><td>59.6</td><td>81.8</td><td>.....</td><td>.....</td><td>100.0</td><td>44.0</td><td>15.4</td><td>19.0</td><td>9.1</td><td>12.5</td><td>.....</td><td>.....</td></tr><tr><td colspan="16">Series F</td></tr><tr><td>1941 1/</td><td>75.0</td><td>.....</td><td>.....</td><td>.9</td><td>2.1</td><td>14.2</td><td>13.6</td><td>44.2</td><td>100.0</td><td>.....</td><td>.....</td><td>1.2</td><td>2.8</td><td>18.9</td><td>18.2</td><td>58.9</td></tr><tr><td>1942 2/</td><td>437.0</td><td>1.3</td><td>.....</td><td>19.3</td><td>27.4</td><td>123.7</td><td>92.0</td><td>173.4</td><td>100.0</td><td>.3</td><td>.....</td><td>4.4</td><td>6.3</td><td>28.3</td><td>21.0</td><td>39.7</td></tr><tr><td>1943</td><td>746.9</td><td>3.9</td><td>.....</td><td>24.1</td><td>39.6</td><td>205.7</td><td>167.3</td><td>306.5</td><td>100.0</td><td>.5</td><td>.....</td><td>3.2</td><td>5.3</td><td>27.6</td><td>22.4</td><td>41.0</td></tr><tr><td>1942-August</td><td>148.4</td><td>.2</td><td>.....</td><td>1.5</td><td>2.6</td><td>13.3</td><td>10.2</td><td>20.7</td><td>100.0</td><td>.3</td><td>.....</td><td>3.2</td><td>5.3</td><td>27.5</td><td>21.0</td><td>42.7</td></tr><tr><td>September</td><td>69.2</td><td>.2</td><td>.....</td><td>1.8</td><td>3.4</td><td>19.2</td><td>14.6</td><td>30.0</td><td>100.0</td><td>.3</td><td>.....</td><td>2.6</td><td>4.9</td><td>27.7</td><td>21.1</td><td>43.4</td></tr><tr><td>October</td><td>49.5</td><td>.2</td><td>.....</td><td>1.9</td><td>3.1</td><td>15.5</td><td>12.2</td><td>16.6</td><td>100.0</td><td>.4</td><td>.....</td><td>3.8</td><td>6.3</td><td>31.3</td><td>24.6</td><td>33.6</td></tr><tr><td>November</td><td>41.9</td><td>.2</td><td>.....</td><td>1.6</td><td>2.6</td><td>13.5</td><td>10.0</td><td>13.9</td><td>100.0</td><td>.5</td><td>.....</td><td>3.9</td><td>6.1</td><td>32.3</td><td>24.0</td><td>33.2</td></tr><tr><td>December</td><td>65.1</td><td>.5</td><td>.....</td><td>2.6</td><td>3.9</td><td>19.7</td><td>15.4</td><td>22.9</td><td>100.0</td><td>.7</td><td>.....</td><td>4.0</td><td>6.1</td><td>30.3</td><td>23.7</td><td>35.2</td></tr><tr><td>1943-January</td><td>75.6</td><td>.3</td><td>.....</td><td>2.1</td><td>3.2</td><td>16.3</td><td>14.8</td><td>38.8</td><td>100.0</td><td>.5</td><td>.....</td><td>2.7</td><td>4.3</td><td>21.5</td><td>19.6</td><td>51.1</td></tr><tr><td>February</td><td>50.9</td><td>.3</td><td>.....</td><td>1.9</td><td>2.7</td><td>12.4</td><td>10.1</td><td>23.6</td><td>100.0</td><td>.6</td><td>.....</td><td>3.7</td><td>5.3</td><td>24.3</td><td>19.8</td><td>46.3</td></tr><tr><td>March</td><td>43.7</td><td>.3</td><td>.....</td><td>1.6</td><td>2.5</td><td>11.7</td><td>9.5</td><td>18.1</td><td>100.0</td><td>.7</td><td>.....</td><td>3.7</td><td>5.6</td><td>26.7</td><td>21.8</td><td>41.5</td></tr><tr><td>April</td><td>120.8</td><td>.5</td><td>.....</td><td>2.8</td><td>5.4</td><td>32.4</td><td>29.5</td><td>50.3</td><td>100.0</td><td>.4</td><td>.....</td><td>2.3</td><td>4.5</td><td>26.8</td><td>24.4</td><td>41.6</td></tr><tr><td>May</td><td>71.9</td><td>.6</td><td>.....</td><td>2.9</td><td>4.7</td><td>23.2</td><td>17.2</td><td>23.4</td><td>100.0</td><td>.8</td><td>.....</td><td>4.0</td><td>6.6</td><td>32.2</td><td>23.9</td><td>32.5</td></tr><tr><td>June</td><td>34.6</td><td>.4</td><td>.....</td><td>1.5</td><td>2.2</td><td>11.0</td><td>8.9</td><td>10.7</td><td>100.0</td><td>1.0</td><td>.....</td><td>4.2</td><td>6.3</td><td>31.9</td><td>25.6</td><td>31.0</td></tr><tr><td>July</td><td>35.6</td><td>.2</td><td>.....</td><td>1.2</td><td>2.2</td><td>11.4</td><td>8.5</td><td>12.0</td><td>100.0</td><td>.7</td><td>.....</td><td>3.4</td><td>6.2</td><td>32.1</td><td>23.8</td><td>33.8</td></tr><tr><td>August p</td><td>26.8</td><td>.2</td><td>.....</td><td>1.0</td><td>1.9</td><td>9.3</td><td>6.2</td><td>8.1</td><td>100.0</td><td>.7</td><td>.....</td><td>3.9</td><td>7.2</td><td>34.8</td><td>23.0</td><td>30.4</td></tr><tr><td colspan="16">Series G</td></tr><tr><td>1941 1/</td><td>451.4</td><td>.....</td><td>.....</td><td>5.2</td><td>12.2</td><td>90.7</td><td>80.9</td><td>262.4</td><td>100.0</td><td>.....</td><td>.....</td><td>1.2</td><td>2.7</td><td>20.1</td><td>17.9</td><td>58.1</td></tr><tr><td>1942</td><td>2,027.8</td><td>.....</td><td>.....</td><td>50.6</td><td>112.7</td><td>576.0</td><td>403.5</td><td>885.0</td><td>100.0</td><td>.....</td><td>.....</td><td>2.5</td><td>5.6</td><td>28.4</td><td>19.9</td><td>43.6</td></tr><tr><td>1943</td><td>2,750.1</td><td>.....</td><td>.....</td><td>80.6</td><td>187.2</td><td>800.2</td><td>524.4</td><td>1,157.7</td><td>100.0</td><td>.....</td><td>.....</td><td>2.9</td><td>6.8</td><td>29.1</td><td>19.1</td><td>42.1</td></tr><tr><td>1942-August</td><td>181.1</td><td>.....</td><td>.....</td><td>4.9</td><td>10.6</td><td>50.0</td><td>35.6</td><td>79.8</td><td>100.0</td><td>.....</td><td>.....</td><td>2.7</td><td>5.9</td><td>27.6</td><td>19.7</td><td>44.1</td></tr><tr><td>September</td><td>213.0</td><td>.....</td><td>.....</td><td>5.7</td><td>13.0</td><td>60.9</td><td>45.8</td><td>87.7</td><td>100.0</td><td>.....</td><td>.....</td><td>2.7</td><td>6.1</td><td>28.6</td><td>21.5</td><td>41.1</td></tr><tr><td>October</td><td>169.2</td><td>.....</td><td>.....</td><td>5.4</td><td>12.0</td><td>53.9</td><td>36.4</td><td>61.5</td><td>100.0</td><td>.....</td><td>.....</td><td>3.2</td><td>7.1</td><td>31.8</td><td>21.5</td><td>36.4</td></tr><tr><td>November</td><td>111.6</td><td>.....</td><td>.....</td><td>5.0</td><td>10.5</td><td>47.3</td><td>30.3</td><td>48.5</td><td>100.0</td><td>.....</td><td>.....</td><td>3.5</td><td>7.4</td><td>33.4</td><td>21.4</td><td>34.1</td></tr><tr><td>December</td><td>227.4</td><td>.....</td><td>.....</td><td>7.4</td><td>16.7</td><td>70.2</td><td>48.1</td><td>84.9</td><td>100.0</td><td>.....</td><td>.....</td><td>3.2</td><td>7.3</td><td>30.9</td><td>21.2</td><td>37.4</td></tr><tr><td>1943-January</td><td>345.9</td><td>.....</td><td>.....</td><td>7.4</td><td>19.1</td><td>80.1</td><td>52.5</td><td>186.7</td><td>100.0</td><td>.....</td><td>.....</td><td>2.1</td><td>5.5</td><td>23.2</td><td>15.2</td><td>54.0</td></tr><tr><td>February</td><td>206.4</td><td>.....</td><td>.....</td><td>5.4</td><td>12.5</td><td>54.1</td><td>34.1</td><td>100.3</td><td>100.0</td><td>.....</td><td>.....</td><td>2.6</td><td>6.1</td><td>26.2</td><td>16.5</td><td>48.6</td></tr><tr><td>March</td><td>181.2</td><td>.....</td><td>.....</td><td>5.5</td><td>13.0</td><td>55.2</td><td>32.6</td><td>74.9</td><td>100.0</td><td>.....</td><td>.....</td><td>3.1</td><td>7.2</td><td>30.4</td><td>18.0</td><td>41.3</td></tr><tr><td>April</td><td>393.8</td><td>.....</td><td>.....</td><td>12.2</td><td>30.4</td><td>126.7</td><td>82.3</td><td>142.2</td><td>100.0</td><td>.....</td><td>.....</td><td>3.1</td><td>7.7</td><td>32.2</td><td>20.9</td><td>36.1</td></tr><tr><td>May</td><td>219.8</td><td>.....</td><td>.....</td><td>9.6</td><td>21.6</td><td>79.1</td><td>44.4</td><td>65.1</td><td>100.0</td><td>.....</td><td>.....</td><td>4.4</td><td>9.8</td><td>36.0</td><td>20.2</td><td>29.6</td></tr><tr><td>June</td><td>112.2</td><td>.....</td><td>.....</td><td>5.0</td><td>12.1</td><td>49.4</td><td>30.1</td><td>45.5</td><td>100.0</td><td>.....</td><td>.....</td><td>3.5</td><td>8.5</td><td>34.8</td><td>21.2</td><td>32.0</td></tr><tr><td>July</td><td>161.8</td><td>.....</td><td>.....</td><td>5.4</td><td>14.2</td><td>60.1</td><td>34.7</td><td>47.4</td><td>100.0</td><td>.....</td><td>.....</td><td>3.3</td><td>8.7</td><td>37.2</td><td>21.5</td><td>29.3</td></tr><tr><td>August p</td><td>109.1</td><td>.....</td><td>.....</td><td>4.4</td><td>10.2</td><td>41.3</td><td>22.8</td><td>30.4</td><td>100.0</td><td>.....</td><td>.....</td><td>4.1</td><td>9.3</td><td>37.8</td><td>20.9</td><td>27.9</td></tr></table>
Source: Reports of gross sales. 1/ Sales of Series E, F, and G bonds commenced May 1, 1941. p Preliminary. 2/ Sale of $25 denomination Series F bonds began in January 1942
34
Sales of United States Savings Bonds - (Continued)
Table 3.- Sales Reported by Series, Classified by States
PART A - SERIES E
(In thousands of dollars at issue prices)
<table><tr><th>State</th><th colspan="2">Fiscal year</th><th colspan="6">1942</th><th colspan="10">1943</th></tr><tr><th></th><th>1942</th><th>1943</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Alabama</td><td>28,996</td><td>91,272</td><td>5,262</td><td>6,269</td><td>5,787</td><td>5,942</td><td>6,841</td><td>8,778</td><td>7,207</td><td>7,697</td><td>13,522</td><td>11,106</td><td>6,191</td><td>7,728</td><td>6,395</td></tr><tr><td>Arizona</td><td>10,313</td><td>27,846</td><td>1,422</td><td>1,675</td><td>1,775</td><td>1,677</td><td>2,355</td><td>2,774</td><td>2,100</td><td>2,472</td><td>3,976</td><td>3,760</td><td>2,233</td><td>2,450</td><td>2,174</td></tr><tr><td>Arkansas</td><td>21,404</td><td>52,764</td><td>2,522</td><td>3,235</td><td>3,686</td><td>3,671</td><td>5,169</td><td>6,020</td><td>4,452</td><td>4,005</td><td>7,729</td><td>5,743</td><td>3,609</td><td>3,431</td><td>3,547</td></tr><tr><td>California</td><td>260,592</td><td>638,877</td><td>33,435</td><td>41,004</td><td>44,829</td><td>36,526</td><td>56,102</td><td>63,819</td><td>51,828</td><td>56,514</td><td>75,703</td><td>82,735</td><td>59,222</td><td>62,525</td><td>61,392</td></tr><tr><td>Colorado</td><td>24,845</td><td>62,132</td><td>3,412</td><td>3,933</td><td>4,675</td><td>3,676</td><td>5,840</td><td>6,478</td><td>4,995</td><td>5,086</td><td>9,101</td><td>7,517</td><td>4,113</td><td>4,911</td><td>4,136</td></tr><tr><td>Connecticut</td><td>77,543</td><td>168,258</td><td>9,948</td><td>10,362</td><td>16,295</td><td>11,739</td><td>17,874</td><td>17,240</td><td>10,868</td><td>14,570</td><td>15,843</td><td>17,866</td><td>14,473</td><td>12,941</td><td>12,105</td></tr><tr><td>Delaware</td><td>7,629</td><td>21,824</td><td>1,124</td><td>1,714</td><td>2,613</td><td>2,040</td><td>2,012</td><td>1,872</td><td>1,496</td><td>1,692</td><td>2,230</td><td>2,236</td><td>1,692</td><td>1,524</td><td>1,596</td></tr><tr><td>District of Columbia</td><td>34,827</td><td>83,143</td><td>4,760</td><td>4,728</td><td>5,359</td><td>5,596</td><td>7,771</td><td>8,099</td><td>6,667</td><td>7,252</td><td>9,293</td><td>10,870</td><td>8,314</td><td>9,609</td><td>8,856</td></tr><tr><td>Florida</td><td>39,565</td><td>89,496</td><td>4,563</td><td>5,770</td><td>5,257</td><td>5,437</td><td>6,950</td><td>9,160</td><td>7,126</td><td>7,860</td><td>12,445</td><td>11,401</td><td>8,047</td><td>8,702</td><td>8,268</td></tr><tr><td>Georgia</td><td>35,642</td><td>94,524</td><td>5,007</td><td>6,201</td><td>5,938</td><td>6,811</td><td>8,436</td><td>10,308</td><td>8,303</td><td>8,233</td><td>12,125</td><td>10,256</td><td>7,486</td><td>7,670</td><td>7,534</td></tr><tr><td>Idaho</td><td>9,840</td><td>27,845</td><td>1,437</td><td>1,820</td><td>2,218</td><td>2,279</td><td>2,255</td><td>2,640</td><td>2,594</td><td>2,266</td><td>3,863</td><td>3,438</td><td>1,751</td><td>1,749</td><td>1,497</td></tr><tr><td>Illinois</td><td>282,055</td><td>575,056</td><td>33,598</td><td>39,072</td><td>44,970</td><td>40,091</td><td>51,912</td><td>54,882</td><td>44,602</td><td>53,559</td><td>66,607</td><td>62,606</td><td>44,265</td><td>47,266</td><td>43,125</td></tr><tr><td>Indiana</td><td>76,661</td><td>213,813</td><td>11,112</td><td>14,464</td><td>15,156</td><td>15,323</td><td>19,778</td><td>21,560</td><td>17,885</td><td>19,696</td><td>25,764</td><td>23,801</td><td>17,472</td><td>19,879</td><td>18,653</td></tr><tr><td>Iowa</td><td>69,558</td><td>176,508</td><td>9,729</td><td>10,924</td><td>10,733</td><td>10,692</td><td>20,145</td><td>18,288</td><td>12,426</td><td>18,270</td><td>23,975</td><td>17,815</td><td>12,455</td><td>13,964</td><td>12,402</td></tr><tr><td>Kansas</td><td>35,310</td><td>106,190</td><td>5,269</td><td>6,422</td><td>6,850</td><td>7,823</td><td>9,049</td><td>9,017</td><td>8,320</td><td>10,681</td><td>16,650</td><td>13,827</td><td>7,604</td><td>7,435</td><td>7,602</td></tr><tr><td>Kentucky</td><td>34,293</td><td>87,607</td><td>4,974</td><td>5,170</td><td>5,463</td><td>5,196</td><td>7,189</td><td>8,938</td><td>7,640</td><td>7,434</td><td>13,224</td><td>10,130</td><td>6,606</td><td>7,282</td><td>6,784</td></tr><tr><td>Louisiana</td><td>36,800</td><td>94,910</td><td>4,923</td><td>5,680</td><td>6,917</td><td>6,014</td><td>7,844</td><td>9,152</td><td>6,970</td><td>8,169</td><td>13,697</td><td>12,423</td><td>7,234</td><td>7,847</td><td>7,732</td></tr><tr><td>Maine</td><td>17,746</td><td>37,361</td><td>2,224</td><td>2,252</td><td>3,156</td><td>2,430</td><td>3,195</td><td>4,427</td><td>2,416</td><td>3,339</td><td>4,448</td><td>4,193</td><td>2,874</td><td>2,672</td><td>2,710</td></tr><tr><td>Maryland</td><td>49,009</td><td>108,604</td><td>6,246</td><td>6,796</td><td>7,419</td><td>7,188</td><td>9,264</td><td>10,472</td><td>8,782</td><td>9,202</td><td>12,847</td><td>12,911</td><td>10,923</td><td>9,186</td><td>8,332</td></tr><tr><td>Massachusetts</td><td>141,217</td><td>280,091</td><td>18,212</td><td>18,066</td><td>20,822</td><td>18,648</td><td>27,666</td><td>29,844</td><td>19,836</td><td>23,953</td><td>29,454</td><td>30,745</td><td>24,718</td><td>23,653</td><td>23,346</td></tr><tr><td>Michigan</td><td>160,150</td><td>481,637</td><td>19,790</td><td>34,188</td><td>34,452</td><td>32,550</td><td>39,194</td><td>43,419</td><td>38,134</td><td>48,697</td><td>69,473</td><td>55,513</td><td>40,537</td><td>39,446</td><td>37,538</td></tr><tr><td>Minnesota</td><td>71,181</td><td>179,108</td><td>8,952</td><td>11,218</td><td>10,772</td><td>11,134</td><td>16,691</td><td>16,279</td><td>12,712</td><td>13,448</td><td>34,629</td><td>21,235</td><td>11,595</td><td>12,222</td><td>10,057</td></tr><tr><td>Mississippi</td><td>22,973</td><td>52,870</td><td>2,519</td><td>2,776</td><td>3,579</td><td>3,899</td><td>5,193</td><td>5,396</td><td>4,223</td><td>4,129</td><td>9,376</td><td>5,503</td><td>3,184</td><td>3,252</td><td>3,249</td></tr><tr><td>Missouri</td><td>94,800</td><td>195,868</td><td>10,236</td><td>12,619</td><td>12,018</td><td>13,165</td><td>16,991</td><td>18,957</td><td>14,333</td><td>15,715</td><td>29,260</td><td>24,831</td><td>16,675</td><td>15,139</td><td>14,112</td></tr><tr><td>Montana</td><td>17,710</td><td>39,432</td><td>1,816</td><td>2,328</td><td>2,980</td><td>2,582</td><td>4,048</td><td>4,053</td><td>2,786</td><td>2,807</td><td>8,081</td><td>3,359</td><td>2,361</td><td>2,189</td><td>1,884</td></tr><tr><td>Nebraska</td><td>26,045</td><td>72,211</td><td>3,419</td><td>4,602</td><td>4,725</td><td>3,987</td><td>5,852</td><td>6,565</td><td>5,586</td><td>6,616</td><td>11,382</td><td>10,913</td><td>4,907</td><td>5,832</td><td>5,728</td></tr><tr><td>Nevada</td><td>4,340</td><td>11,466</td><td>643</td><td>879</td><td>844</td><td>956</td><td>950</td><td>1,113</td><td>880</td><td>893</td><td>1,290</td><td>1,612</td><td>748</td><td>783</td><td>576</td></tr><tr><td>New Hampshire</td><td>11,760</td><td>25,787</td><td>1,600</td><td>1,829</td><td>2,300</td><td>1,754</td><td>2,317</td><td>2,316</td><td>2,136</td><td>2,348</td><td>2,612</td><td>2,806</td><td>1,978</td><td>1,960</td><td>2,211</td></tr><tr><td>New Jersey</td><td>160,538</td><td>303,807</td><td>16,688</td><td>23,241</td><td>23,634</td><td>19,993</td><td>27,650</td><td>30,047</td><td>22,070</td><td>27,647</td><td>32,038</td><td>36,902</td><td>25,394</td><td>26,599</td><td>23,246</td></tr><tr><td>New Mexico</td><td>6,978</td><td>17,284</td><td>880</td><td>927</td><td>1,174</td><td>1,058</td><td>1,816</td><td>1,741</td><td>1,552</td><td>1,370</td><td>2,569</td><td>2,036</td><td>1,251</td><td>1,350</td><td>1,273</td></tr><tr><td>New York</td><td>587,249</td><td>991,988</td><td>54,990</td><td>72,866</td><td>77,332</td><td>70,221</td><td>89,287</td><td>102,724</td><td>72,550</td><td>82,583</td><td>105,581</td><td>114,815</td><td>74,108</td><td>80,838</td><td>69,363</td></tr><tr><td>North Carolina</td><td>42,297</td><td>113,869</td><td>5,944</td><td>8,923</td><td>8,540</td><td>9,361</td><td>11,650</td><td>12,742</td><td>8,719</td><td>9,049</td><td>13,345</td><td>10,948</td><td>8,205</td><td>8,166</td><td>7,913</td></tr><tr><td>North Dakota</td><td>11,394</td><td>34,349</td><td>1,306</td><td>1,650</td><td>1,794</td><td>2,635</td><td>4,407</td><td>4,260</td><td>3,471</td><td>2,156</td><td>6,465</td><td>2,977</td><td>1,651</td><td>1,947</td><td>1,542</td></tr><tr><td>Ohio</td><td>190,262</td><td>506,364</td><td>27,876</td><td>34,085</td><td>31,980</td><td>31,001</td><td>47,796</td><td>50,494</td><td>39,384</td><td>41,202</td><td>67,065</td><td>63,682</td><td>40,648</td><td>43,641</td><td>41,513</td></tr><tr><td>Oklahoma</td><td>34,482</td><td>82,143</td><td>4,674</td><td>5,052</td><td>5,564</td><td>4,718</td><td>7,574</td><td>10,742</td><td>6,917</td><td>6,471</td><td>10,963</td><td>9,518</td><td>5,478</td><td>6,439</td><td>6,385</td></tr><tr><td>Oregon</td><td>37,394</td><td>107,674</td><td>5,674</td><td>7,038</td><td>7,062</td><td>6,381</td><td>9,234</td><td>10,550</td><td>7,499</td><td>9,280</td><td>13,055</td><td>15,473</td><td>10,091</td><td>9,983</td><td>9,239</td></tr><tr><td>Pennsylvania</td><td>283,782</td><td>626,051</td><td>35,058</td><td>43,944</td><td>46,459</td><td>42,641</td><td>59,356</td><td>59,059</td><td>49,624</td><td>51,762</td><td>74,743</td><td>73,336</td><td>53,269</td><td>51,730</td><td>50,266</td></tr><tr><td>Rhode Island</td><td>24,293</td><td>53,748</td><td>3,574</td><td>2,653</td><td>5,477</td><td>3,380</td><td>5,878</td><td>5,020</td><td>3,019</td><td>5,464</td><td>5,555</td><td>6,405</td><td>4,016</td><td>3,763</td><td>3,760</td></tr><tr><td>South Carolina</td><td>18,782</td><td>53,401</td><td>3,002</td><td>4,154</td><td>3,742</td><td>3,914</td><td>5,059</td><td>5,122</td><td>4,066</td><td>4,487</td><td>6,677</td><td>6,073</td><td>4,015</td><td>4,554</td><td>4,536</td></tr><tr><td>South Dakota</td><td>11,783</td><td>33,171</td><td>1,354</td><td>1,614</td><td>1,608</td><td>2,092</td><td>3,239</td><td>2,765</td><td>2,452</td><td>2,905</td><td>8,361</td><td>3,136</td><td>1,960</td><td>2,231</td><td>1,733</td></tr><tr><td>Tennessee</td><td>36,734</td><td>100,530</td><td>5,593</td><td>7,485</td><td>6,766</td><td>6,791</td><td>8,818</td><td>10,956</td><td>7,833</td><td>7,922</td><td>13,059</td><td>11,008</td><td>7,708</td><td>7,697</td><td>7,821</td></tr><tr><td>Texas</td><td>126,056</td><td>306,265</td><td>15,202</td><td>19,831</td><td>20,417</td><td>19,694</td><td>26,938</td><td>28,853</td><td>23,004</td><td>26,963</td><td>45,901</td><td>37,823</td><td>24,848</td><td>25,653</td><td>22,334</td></tr><tr><td>Utah</td><td>9,919</td><td>33,242</td><td>1,507</td><td>1,658</td><td>2,170</td><td>1,956</td><td>2,647</td><td>3,716</td><td>2,851</td><td>3,068</td><td>4,694</td><td>4,521</td><td>2,992</td><td>3,136</td><td>3,572</td></tr><tr><td>Vermont</td><td>7,550</td><td>14,175</td><td>844</td><td>873</td><td>1,300</td><td>942</td><td>1,143</td><td>1,527</td><td>986</td><td>1,159</td><td>1,494</td><td>1,850</td><td>1,089</td><td>1,100</td><td>1,034</td></tr><tr><td>Virginia</td><td>56,272</td><td>145,459</td><td>8,291</td><td>9,905</td><td>10,296</td><td>10,394</td><td>13,814</td><td>15,756</td><td>11,302</td><td>12,493</td><td>16,804</td><td>16,333</td><td>11,910</td><td>11,186</td><td>12,126</td></tr><tr><td>Washington</td><td>57,962</td><td>163,924</td><td>9,177</td><td>9,283</td><td>11,795</td><td>10,914</td><td>15,694</td><td>16,239</td><td>12,145</td><td>14,965</td><td>18,630</td><td>21,738</td><td>14,319</td><td>15,782</td><td>15,483</td></tr><tr><td>West Virginia</td><td>27,642</td><td>64,583</td><td>3,338</td><td>4,086</td><td>4,835</td><td>4,638</td><td>5,648</td><td>7,192</td><td>5,220</td><td>6,377</td><td>7,163</td><td>7,151</td><td>5,090</td><td>5,374</td><td>5,356</td></tr><tr><td>Wisconsin</td><td>77,668</td><td>172,650</td><td>10,358</td><td>11,256</td><td>12,566</td><td>11,486</td><td>14,825</td><td>16,003</td><td>13,308</td><td>13,241</td><td>25,561</td><td>19,657</td><td>12,986</td><td>14,847</td><td>11,
(Continued on following page)
35
Sales of United States Savings Bonds - (Continued)
Table 3.- Sales Reported by Series, Classified by States - (Continued)
PART B - SERIES F AND G COMBINED
(In thousands of dollars at issue prices)
<table><tr><th>State</th><th colspan="2">Fiscal year</th><th colspan="5">1942</th><th colspan="9">1943</th></tr><tr><th></th><th>1942</th><th>1943</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Alabama</td><td>13,099</td><td>32,007</td><td>1,688</td><td>2,552</td><td>1,921</td><td>1,457</td><td>2,629</td><td>3,454</td><td>1,387</td><td>1,592</td><td>7,282</td><td>1,396</td><td>1,251</td><td>1,539</td><td>912</td></tr><tr><td>Arizona</td><td>4,232</td><td>8,421</td><td>524</td><td>414</td><td>778</td><td>391</td><td>455</td><td>1,246</td><td>751</td><td>512</td><td>1,450</td><td>909</td><td>440</td><td>532</td><td>405</td></tr><tr><td>Arkansas</td><td>13,738</td><td>16,578</td><td>844</td><td>1,243</td><td>1,246</td><td>1,250</td><td>1,658</td><td>1,649</td><td>1,200</td><td>708</td><td>4,127</td><td>854</td><td>779</td><td>1,082</td><td>542</td></tr><tr><td>California</td><td>140,602</td><td>224,145</td><td>13,145</td><td>14,404</td><td>15,026</td><td>11,841</td><td>14,001</td><td>30,034</td><td>19,121</td><td>17,616</td><td>32,478</td><td>23,001</td><td>12,196</td><td>19,915</td><td>16,099</td></tr><tr><td>Colorado</td><td>18,302</td><td>29,746</td><td>1,898</td><td>2,723</td><td>1,824</td><td>1,378</td><td>2,316</td><td>3,079</td><td>2,248</td><td>1,626</td><td>4,639</td><td>3,485</td><td>1,632</td><td>1,488</td><td>977</td></tr><tr><td>Connecticut</td><td>59,894</td><td>81,128</td><td>5,384</td><td>5,020</td><td>4,725</td><td>3,736</td><td>5,585</td><td>9,371</td><td>7,008</td><td>6,219</td><td>8,196</td><td>11,496</td><td>3,996</td><td>2,575</td><td>4,012</td></tr><tr><td>Delaware</td><td>11,910</td><td>12,326</td><td>907</td><td>969</td><td>802</td><td>1,093</td><td>1,137</td><td>1,083</td><td>801</td><td>903</td><td>1,624</td><td>816</td><td>918</td><td>1,063</td><td>410</td></tr><tr><td>District of Columbia</td><td>23,247</td><td>33,757</td><td>1,817</td><td>1,996</td><td>1,735</td><td>1,953</td><td>3,284</td><td>3,455</td><td>2,841</td><td>2,721</td><td>4,794</td><td>4,707</td><td>1,133</td><td>1,595</td><td>1,041</td></tr><tr><td>Florida</td><td>22,219</td><td>36,705</td><td>1,766</td><td>3,796</td><td>1,946</td><td>2,704</td><td>2,538</td><td>3,681</td><td>2,339</td><td>2,384</td><td>6,973</td><td>2,654</td><td>2,208</td><td>2,792</td><td>1,594</td></tr><tr><td>Georgia</td><td>17,982</td><td>37,831</td><td>1,948</td><td>2,393</td><td>2,066</td><td>3,439</td><td>3,399</td><td>3,968</td><td>3,874</td><td>2,083</td><td>7,001</td><td>1,734</td><td>1,961</td><td>3,170</td><td>1,518</td></tr><tr><td>Idaho</td><td>7,339</td><td>8,031</td><td>535</td><td>508</td><td>469</td><td>340</td><td>445</td><td>1,278</td><td>614</td><td>798</td><td>994</td><td>952</td><td>327</td><td>349</td><td>224</td></tr><tr><td>Illinois</td><td>202,041</td><td>272,112</td><td>20,568</td><td>23,390</td><td>15,724</td><td>9,314</td><td>20,757</td><td>39,675</td><td>18,076</td><td>21,319</td><td>33,354</td><td>23,584</td><td>13,045</td><td>15,256</td><td>10,068</td></tr><tr><td>Indiana</td><td>45,123</td><td>79,524</td><td>5,455</td><td>7,082</td><td>5,342</td><td>3,545</td><td>5,892</td><td>11,001</td><td>5,080</td><td>4,619</td><td>12,144</td><td>6,819</td><td>4,482</td><td>6,129</td><td>3,379</td></tr><tr><td>Iowa</td><td>30,676</td><td>71,432</td><td>3,751</td><td>6,075</td><td>3,401</td><td>2,948</td><td>5,614</td><td>8,783</td><td>5,408</td><td>7,593</td><td>10,807</td><td>6,610</td><td>4,327</td><td>5,031</td><td>3,360</td></tr><tr><td>Kansas</td><td>14,486</td><td>34,897</td><td>1,869</td><td>3,124</td><td>2,306</td><td>2,077</td><td>2,741</td><td>3,222</td><td>4,109</td><td>2,533</td><td>4,995</td><td>3,607</td><td>1,641</td><td>2,290</td><td>1,076</td></tr><tr><td>Kentucky</td><td>24,516</td><td>43,755</td><td>3,591</td><td>2,809</td><td>2,674</td><td>2,537</td><td>3,177</td><td>5,314</td><td>5,039</td><td>1,690</td><td>7,769</td><td>1,804</td><td>2,749</td><td>2,880</td><td>1,939</td></tr><tr><td>Louisiana</td><td>21,651</td><td>44,461</td><td>2,297</td><td>5,956</td><td>2,683</td><td>2,071</td><td>5,005</td><td>3,446</td><td>2,564</td><td>2,970</td><td>9,710</td><td>3,143</td><td>1,785</td><td>2,533</td><td>1,330</td></tr><tr><td>Maine</td><td>16,570</td><td>20,245</td><td>1,261</td><td>1,235</td><td>1,253</td><td>1,009</td><td>1,046</td><td>3,315</td><td>1,740</td><td>1,261</td><td>1,764</td><td>2,419</td><td>1,032</td><td>592</td><td>950</td></tr><tr><td>Maryland</td><td>40,093</td><td>54,252</td><td>2,892</td><td>4,321</td><td>4,152</td><td>2,996</td><td>4,278</td><td>8,038</td><td>3,872</td><td>2,928</td><td>7,244</td><td>4,209</td><td>2,638</td><td>3,025</td><td>1,940</td></tr><tr><td>Massachusetts</td><td>144,199</td><td>174,999</td><td>12,873</td><td>9,451</td><td>10,940</td><td>9,444</td><td>13,119</td><td>25,797</td><td>15,124</td><td>11,663</td><td>14,217</td><td>17,772</td><td>7,489</td><td>4,575</td><td>6,622</td></tr><tr><td>Michigan</td><td>65,040</td><td>106,363</td><td>7,778</td><td>8,804</td><td>7,201</td><td>4,884</td><td>9,088</td><td>13,243</td><td>7,452</td><td>6,361</td><td>19,255</td><td>7,734</td><td>5,090</td><td>5,110</td><td>4,290</td></tr><tr><td>Minnesota</td><td>49,069</td><td>69,692</td><td>4,458</td><td>4,970</td><td>4,076</td><td>3,574</td><td>4,951</td><td>8,726</td><td>5,353</td><td>4,031</td><td>10,922</td><td>7,599</td><td>3,240</td><td>3,699</td><td>1,847</td></tr><tr><td>Mississippi</td><td>10,061</td><td>21,812</td><td>1,265</td><td>1,233</td><td>1,206</td><td>1,330</td><td>2,887</td><td>2,555</td><td>1,231</td><td>1,279</td><td>5,199</td><td>1,351</td><td>845</td><td>1,093</td><td>515</td></tr><tr><td>Missouri</td><td>68,651</td><td>84,266</td><td>4,922</td><td>6,093</td><td>5,728</td><td>4,680</td><td>6,848</td><td>9,297</td><td>5,724</td><td>4,963</td><td>14,572</td><td>7,225</td><td>5,140</td><td>5,480</td><td>3,615</td></tr><tr><td>Montana</td><td>6,322</td><td>10,529</td><td>558</td><td>677</td><td>762</td><td>815</td><td>888</td><td>974</td><td>755</td><td>729</td><td>2,588</td><td>467</td><td>435</td><td>433</td><td>177</td></tr><tr><td>Nebraska</td><td>14,132</td><td>30,414</td><td>1,275</td><td>1,931</td><td>1,470</td><td>1,227</td><td>2,696</td><td>3,874</td><td>2,367</td><td>3,316</td><td>3,935</td><td>4,268</td><td>1,570</td><td>2,439</td><td>1,120</td></tr><tr><td>Nevada</td><td>2,349</td><td>4,441</td><td>228</td><td>357</td><td>269</td><td>304</td><td>174</td><td>928</td><td>397</td><td>271</td><td>449</td><td>437</td><td>182</td><td>184</td><td>228</td></tr><tr><td>New Hampshire</td><td>11,090</td><td>14,403</td><td>966</td><td>996</td><td>868</td><td>856</td><td>1,095</td><td>2,857</td><td>1,177</td><td>1,309</td><td>1,061</td><td>843</td><td>747</td><td>475</td><td>779</td></tr><tr><td>New Jersey</td><td>93,399</td><td>118,761</td><td>8,771</td><td>9,838</td><td>8,167</td><td>6,245</td><td>11,879</td><td>12,310</td><td>7,118</td><td>7,865</td><td>15,316</td><td>10,492</td><td>6,554</td><td>6,423</td><td>4,817</td></tr><tr><td>New Mexico</td><td>9,034</td><td>7,025</td><td>359</td><td>507</td><td>686</td><td>576</td><td>675</td><td>680</td><td>667</td><td>216</td><td>999</td><td>867</td><td>285</td><td>592</td><td>360</td></tr><tr><td>New York</td><td>580,433</td><td>627,986</td><td>44,915</td><td>62,776</td><td>35,201</td><td>30,032</td><td>54,236</td><td>72,540</td><td>42,816</td><td>38,317</td><td>82,836</td><td>43,532</td><td>28,466</td><td>28,753</td><td>18,971</td></tr><tr><td>North Carolina</td><td>26,074</td><td>44,654</td><td>2,021</td><td>5,136</td><td>3,120</td><td>2,745</td><td>3,836</td><td>4,957</td><td>2,467</td><td>3,167</td><td>7,171</td><td>4,221</td><td>2,226</td><td>2,651</td><td>1,526</td></tr><tr><td>North Dakota</td><td>7,515</td><td>10,937</td><td>685</td><td>715</td><td>732</td><td>757</td><td>840</td><td>1,775</td><td>941</td><td>416</td><td>1,387</td><td>1,168</td><td>444</td><td>494</td><td>511</td></tr><tr><td>Ohio</td><td>119,098</td><td>203,827</td><td>12,264</td><td>15,066</td><td>12,025</td><td>9,699</td><td>20,724</td><td>25,120</td><td>14,866</td><td>10,662</td><td>41,294</td><td>8,446</td><td>10,528</td><td>13,100</td><td>8,154</td></tr><tr><td>Oklahoma</td><td>16,587</td><td>25,095</td><td>1,617</td><td>2,103</td><td>1,347</td><td>1,448</td><td>2,034</td><td>3,176</td><td>1,464</td><td>1,137</td><td>3,876</td><td>2,689</td><td>1,231</td><td>1,718</td><td>880</td></tr><tr><td>Oregon</td><td>22,095</td><td>32,892</td><td>2,020</td><td>2,527</td><td>2,741</td><td>2,131</td><td>4,389</td><td>3,214</td><td>1,891</td><td>1,186</td><td>3,805</td><td>3,791</td><td>1,555</td><td>1,589</td><td>1,554</td></tr><tr><td>Pennsylvania</td><td>243,285</td><td>297,430</td><td>19,817</td><td>25,071</td><td>21,793</td><td>20,843</td><td>25,937</td><td>31,758</td><td>17,999</td><td>17,918</td><td>44,705</td><td>21,728</td><td>15,743</td><td>17,123</td><td>10,335</td></tr><tr><td>Rhode Island</td><td>28,064</td><td>30,424</td><td>2,262</td><td>1,661</td><td>1,557</td><td>1,815</td><td>1,852</td><td>2,804</td><td>7,115</td><td>1,297</td><td>2,794</td><td>2,213</td><td>1,358</td><td>800</td><td>1,362</td></tr><tr><td>South Carolina</td><td>9,459</td><td>21,712</td><td>1,413</td><td>1,783</td><td>1,249</td><td>1,387</td><td>1,683</td><td>2,132</td><td>1,817</td><td>1,477</td><td>3,324</td><td>2,209</td><td>1,78</td><td>1,359</td><td>696</td></tr><tr><td>South Dakota</td><td>3,077</td><td>10,416</td><td>506</td><td>520</td><td>581</td><td>859</td><td>978</td><td>920</td><td>567</td><td>807</td><td>2,456</td><td>1,146</td><td>14</td><td>607</td><td>302</td></tr><tr><td>Tennessee</td><td>18,481</td><td>39,140</td><td>2,413</td><td>3,089</td><td>2,888</td><td>2,122</td><td>3,293</td><td>3,819</td><td>2,716</td><td>2,376</td><td>8,546</td><td>1,420</td><td>2,461</td><td>2,770</td><td>1,541</td></tr><tr><td>Texas</td><td>54,196</td><td>110,993</td><td>6,581</td><td>8,698</td><td>7,289</td><td>5,641</td><td>9,777</td><td>11,324</td><td>7,842</td><td>6,456</td><td>21,676</td><td>9,533</td><td>5,172</td><td>6,133</td><td>3,436</td></tr><tr><td>Utah</td><td>5,019</td><td>7,474</td><td>384</td><td>500</td><td>473</td><td>485</td><td>471</td><td>836</td><td>637</td><td>418</td><td>1,588</td><td>653</td><td>347</td><td>644</td><td>448</td></tr><tr><td>Vermont</td><td>5,842</td><td>7,504</td><td>494</td><td>439</td><td>538</td><td>357</td><td>579</td><td>1,303</td><td>463</td><td>554</td><td>668</td><td>709</td><td>608</td><td>309</td><td>520</td></tr><tr><td>Virginia</td><td>28,014</td><td>53,701</td><td>2,646</td><td>4,024</td><td>3,971</td><td>3,274</td><td>5,932</td><td>6,498</td><td>3,674</td><td>2,875</td><td>8,095</td><td>5,263</td><td>2,960</td><td>3,140</td><td>1,925</td></tr><tr><td>Washington</td><td>25,898</td><td>49,753</td><td>2,733</td><td>3,384</td><td>3,053</td><td>3,008</td><td>3,607</td><td>6,002</td><td>3,891</td><td>3,235</td><td>7,139</td><td>6,144</td><td>2,928</td><td>3,154</td><td>2,291</td></tr><tr><td>West Virginia</td><td>11,780</td><td>17,905</td><td>1,062</td><td>1,278</td><td>1,304</td><td>1,291</td><td>2,063</td><td>2,447</td><td>1,402</td><td>962</td><td>2,047</td><td>1,367</td><td>843</td><td>1,284</td><td>693</td></tr><tr><td>Wisconsin</td><td>42,205</td><td>86,336</td><td>5,530</td><td>6,934</td><td>5,097</td><td>3,709</td><td>6,839</td><td>11,009</td><td>6,608</td><td>5,587</td><td>13,019</td><td>8,996</td><td>4,363</td><td>5,492</td><td>3,492</td></tr><tr><td>Wyoming</td><td>3,690</td><td>6,010</td><td>303</td><td>438</td><td>286</td><td>502</td><td>570</td><td>747</td><td>323</td><td>242</td><td>702</td><td>1,117</td><td>235</td><td>315</td><td>192</td></tr><tr><td>Alaska</td><td>736</td><td>1,297</td><td>65</td><td>75</td><td>127</td><td>92</td><td>57</td><td>143</td><td>104</td><td>111</td><td>118</td><td>152</td><td>156</td><td>65</td><td>84</td></tr><tr><td>Canal Zone</td><td>504</td><td>1,843</td><td>-</td><td>-</td><td>178</td><td>49</td><td>119</td><td>191</td><td>96</td><td>498</td><td>325</td><td>303</td><td>86</td><td>135</td><td>44</td></tr><tr><td>Hawaii</td><td>5,882</td><td>17,367</td><td>1,577</td><td>1,17
Report of gross sales. Preliminary. Revised. Less than $500.
36
Participation in Payroll Savings Plans For War Savings Bonds
<table><tr><th></th><th colspan="6">1942</th><th colspan="7">1943</th></tr><tr><th></th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th></tr><tr><td colspan="13">Number of firms having payroll savings plane</td></tr><tr><td>Firms with:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>5,000 or more workers</td><td>481</td><td>484</td><td>487</td><td>488</td><td>490</td><td>492</td><td>492</td><td>496</td><td>501</td><td>501</td><td>537</td><td>537</td><td>535</td></tr><tr><td>500-4,999 workers</td><td>5,099</td><td>5,266</td><td>5,378</td><td>5,534</td><td>5,586</td><td>5,683</td><td>5,707</td><td>5,755</td><td>5,767</td><td>5,778</td><td>5,757</td><td>5,777</td><td>5,788</td></tr><tr><td>100-499 workers</td><td>21,038</td><td>22,375</td><td>23,275</td><td>24,321</td><td>24,873</td><td>25,540</td><td>25,835</td><td>26,260</td><td>26,517</td><td>26,666</td><td>26,832</td><td>27,056</td><td>27,103</td></tr><tr><td>Under 100 workers</td><td>95,275</td><td>108,767</td><td>115,421</td><td>122,762</td><td>127,660</td><td>136,098</td><td>140,644</td><td>144,016</td><td>146,137</td><td>147,346</td><td>149,018</td><td>149,525</td><td>149,890</td></tr><tr><td>Total number of firms</td><td>121,893</td><td>136,892</td><td>144,561</td><td>153,105</td><td>158,609</td><td>167,813</td><td>172,678</td><td>176,527</td><td>178,922</td><td>180,291</td><td>182,144</td><td>182,895</td><td>183,316</td></tr><tr><td colspan="13">Number of workers employed in firms and governmental agencies having payroll savings plane (in million)</td></tr><tr><td>In firms</td><td>22.0</td><td>22.8</td><td>23.2</td><td>24.5</td><td>25.3</td><td>25.7</td><td>26.3</td><td>27.0</td><td>27.2</td><td>27.2</td><td>27.3</td><td>27.4</td><td>27.6</td></tr><tr><td>In Federal, State, and local governments and their agencies</td><td>2.5</td><td>2.9</td><td>3.1</td><td>3.2</td><td>3.2</td><td>3.3</td><td>3.4</td><td>3.5</td><td>3.6</td><td>3.8</td><td>3.8</td><td>3.9</td><td>3.9</td></tr><tr><td>Total</td><td>24.6</td><td>25.7</td><td>26.3</td><td>27.7</td><td>28.5</td><td>29.0</td><td>29.7</td><td>30.5</td><td>30.8</td><td>31.0</td><td>31.1</td><td>31.2</td><td>31.5</td></tr><tr><td colspan="13">Number of persons actually participating in payroll savings plans (in million)</td></tr><tr><td>Total number of (1) workers in firms, (2) workers in Federal, State, and local governments and their agencies, and (3) persons in the armed forces, participating in payroll savings plans</td><td>2/</td><td>19.4</td><td>21.0</td><td>22.6</td><td>23.7</td><td>24.5</td><td>24.9</td><td>25.5</td><td>26.2</td><td>26.8</td><td>26.8</td><td>26.8</td><td>26.9</td></tr><tr><td colspan="13">Deductions under payroll savings plane</td></tr><tr><td>Total amount deducted (in millions of dollars)</td><td>205</td><td>230</td><td>265</td><td>307</td><td>335</td><td>355</td><td>375</td><td>360</td><td>380</td><td>415</td><td>425</td><td>415</td><td>420 p</td></tr><tr><td>Percent of pay deducted</td><td>6.5%</td><td>7.1%</td><td>7.5%</td><td>7.8%</td><td>8.3%</td><td>8.5%</td><td>8.7%</td><td>8.7%</td><td>8.7%</td><td>9.0%</td><td>9.1%</td><td>9.0%</td><td>9.1%</p></td></tr></table>
p Preliminary
1/ Estimated.
2/ Not available.
37
Sales of Treasury Savings Notes 1/ Table 1.- Summary of Sales and Redemptions, by Series
(Par value - in millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Amount outstanding end of fiscal year or month</th><th>Net change during fiscal year or month</th><th>Sales</th><th colspan="4">Redemptions and exchanges</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Received in payment of taxes</th><th>Redeemed for cash</th><th>Exchanged for new series</th></tr><tr><td colspan="8">All series</td></tr><tr><td>1942</td><td>3,014.5</td><td>+3,014.5</td><td>4,138.9</td><td>1,124.4</td><td>1,103.7</td><td>20.7</td><td>........</td></tr><tr><td>1943</td><td>7,495.4</td><td>+4,480.9</td><td>8,758.5</td><td>4,277.6</td><td>4,094.4</td><td>114.9</td><td>68.3</td></tr><tr><td>1942-August</td><td>3,739.3</td><td>+382.7</td><td>417.9</td><td>35.3</td><td>29.4</td><td>5.8</td><td>........</td></tr><tr><td>September</td><td>4,137.1</td><td>+397.8</td><td>977.9</td><td>580.1</td><td>527.3</td><td>4.1</td><td>48.6</td></tr><tr><td>October</td><td>4,963.5</td><td>+826.4</td><td>941.1</td><td>114.6</td><td>56.3</td><td>38.6</td><td>19.7</td></tr><tr><td>November</td><td>5,702.5</td><td>+739.0</td><td>781.6</td><td>42.6</td><td>37.8</td><td>4.9</td><td>........</td></tr><tr><td>December</td><td>6,384.1</td><td>+681.5</td><td>1,312.3</td><td>630.8</td><td>626.2</td><td>4.6</td><td>........</td></tr><tr><td>1943-January</td><td>6,748.8</td><td>+364.8</td><td>452.9</td><td>88.1</td><td>86.4</td><td>1.8</td><td>........</td></tr><tr><td>February</td><td>7,124.7</td><td>+375.9</td><td>456.6</td><td>80.7</td><td>78.8</td><td>2.0</td><td>........</td></tr><tr><td>March</td><td>6,345.6</td><td>-779.1</td><td>446.8</td><td>1,225.9</td><td>1,214.1</td><td>11.8</td><td>........</td></tr><tr><td>April</td><td>7,782.5</td><td>+1,436.9</td><td>1,632.9</td><td>196.0</td><td>176.6</td><td>19.5</td><td>........</td></tr><tr><td>May</td><td>8,162.9</td><td>+380.4</td><td>482.2</td><td>101.8</td><td>97.0</td><td>4.8</td><td>........</td></tr><tr><td>June</td><td>7,495.4</td><td>-667.5</td><td>468.1</td><td>1,135.6</td><td>1,119.8</td><td>15.8</td><td>........</td></tr><tr><td>July</td><td>7,677.9</td><td>+182.5</td><td>414.0</td><td>231.5</td><td>214.4</td><td>17.1</td><td>........</td></tr><tr><td>August</td><td>7,764.3</td><td>+86.4</td><td>213.5</td><td>127.1</td><td>99.2</td><td>27.9</td><td>........</td></tr><tr><td colspan="8">Series A 2/</td></tr><tr><td>1942</td><td>54.8</td><td>+54.8</td><td>72.2</td><td>17.4</td><td>16.6</td><td>.8</td><td>........</td></tr><tr><td>1943</td><td>266.7</td><td>+211.9</td><td>334.7</td><td>122.8</td><td>114.0</td><td>8.7</td><td>.1</td></tr><tr><td>1942-August</td><td>65.1</td><td>+4.8</td><td>5.1</td><td>.3</td><td>.2</td><td>.1</td><td>........</td></tr><tr><td>September</td><td>112.7</td><td>+47.6</td><td>52.6</td><td>5.0</td><td>4.9</td><td>.1</td><td>........</td></tr><tr><td>October</td><td>167.0</td><td>+54.3</td><td>54.7</td><td>.5</td><td>.2</td><td>.2</td><td>.1</td></tr><tr><td>November</td><td>200.1</td><td>+33.1</td><td>33.5</td><td>.4</td><td>.2</td><td>.2</td><td>........</td></tr><tr><td>December</td><td>276.0</td><td>+75.9</td><td>85.0</td><td>10.1</td><td>9.8</td><td>.3</td><td>........</td></tr><tr><td>1943-January</td><td>309.4</td><td>+33.4</td><td>34.5</td><td>1.0</td><td>.5</td><td>.5</td><td>........</td></tr><tr><td>February</td><td>320.0</td><td>+10.5</td><td>13.0</td><td>2.5</td><td>1.8</td><td>.6</td><td>........</td></tr><tr><td>March</td><td>285.4 r</td><td>-34.6 r</td><td>15.3</td><td>49.9 r</td><td>47.5 r</td><td>2.3</td><td>........</td></tr><tr><td>April</td><td>294.9 r</td><td>+9.5</td><td>21.8</td><td>12.3</td><td>11.1</td><td>1.2</td><td>........</td></tr><tr><td>May</td><td>302.7</td><td>+7.8 r</td><td>7.8</td><td>-.8 r</td><td>-.8 r</td><td>.8</td><td>........</td></tr><tr><td>June</td><td>266.7</td><td>-35.9</td><td>4.5</td><td>40.4</td><td>38.3</td><td>2.2</td><td>........</td></tr><tr><td>July</td><td>251.2</td><td>-15.5</td><td>........</td><td>15.5</td><td>13.3</td><td>2.2</td><td>........</td></tr><tr><td>August</td><td>247.6</td><td>-3.7</td><td>........</td><td>3.7</td><td>1.7</td><td>2.0</td><td>........</td></tr><tr><td colspan="8">Series B 3/</td></tr><tr><td>1942</td><td>2,959.7</td><td>+2,959.7</td><td>4,066.7</td><td>1,107.0</td><td>1,087.1</td><td>19.9</td><td>........</td></tr><tr><td>1943</td><td>764.8</td><td>-2,195.0</td><td>877.1</td><td>3,072.1</td><td>2,933.3</td><td>70.6</td><td>68.2</td></tr><tr><td>1942-August</td><td>3,674.2</td><td>+377.8</td><td>412.8</td><td>35.0</td><td>29.3</td><td>5.7</td><td>........</td></tr><tr><td>September</td><td>3,181.2</td><td>-493.0</td><td>82.1</td><td>575.1</td><td>522.5</td><td>4.0</td><td>48.6</td></tr><tr><td>October</td><td>3,067.4</td><td>-113.7</td><td>........</td><td>113.7</td><td>56.1</td><td>37.9</td><td>19.7</td></tr><tr><td>November</td><td>3,026.0</td><td>-41.5</td><td>........</td><td>41.5</td><td>36.8</td><td>4.6</td><td>........</td></tr><tr><td>December</td><td>2,432.7</td><td>-593.2</td><td>........</td><td>593.2</td><td>589.0</td><td>4.2</td><td>........</td></tr><tr><td>1943-January</td><td>2,364.2</td><td>-68.5</td><td>........</td><td>68.5</td><td>67.4</td><td>1.1</td><td>........</td></tr><tr><td>February</td><td>2,311.4</td><td>-52.8</td><td>........</td><td>52.8</td><td>52.4</td><td>.4</td><td>........</td></tr><tr><td>March</td><td>1,488.4 r</td><td>-823.0 r</td><td>........</td><td>823.0 r</td><td>820.7 r</td><td>2.2</td><td>........</td></tr><tr><td>April</td><td>1,395.0 r</td><td>-93.4</td><td>........</td><td>93.4</td><td>87.3</td><td>6.1</td><td>........</td></tr><tr><td>May</td><td>1,349.7</td><td>-45.4 r</td><td>........</td><td>45.4 r</td><td>43.2 r</td><td>2.2</td><td>........</td></tr><tr><td>June</td><td>764.8</td><td>-584.9</td><td>........</td><td>584.9</td><td>584.0</td><td>.9</td><td>........</td></tr><tr><td>July</td><td>711.0</td><td>-53.7</td><td>........</td><td>53.7</td><td>52.7</td><td>1.0</td><td>........</td></tr><tr><td>August</td><td>687.9</td><td>-23.2</td><td>........</td><td>23.2</td><td>20.9</td><td>2.3</td><td>........</td></tr></table>
(Continued on following page)
38
Sales of Treasury Savings Notes - (Continued)
Table 1.- Summary of Sales and Redemptions, by Series-(Continued)
(Par value - in millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Amount outstanding end of fiscal year or month</th><th>Net change during fiscal year or month</th><th>Sales</th><th colspan="4">Redemptions and exchangee</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Received in payment of taxes</th><th>Redeemed for cash</th><th>Exchanged for new series</th></tr><tr><td colspan="8">Series C 1/4</td></tr><tr><td>1943</td><td>6,464.0</td><td>+6,464.0</td><td>7,546.7</td><td>1,082.7</td><td>1,047.2</td><td>35.6</td><td></td></tr><tr><td>1942-September</td><td>843.2</td><td>+843.2</td><td>843.2</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>October</td><td>1,729.1</td><td>+885.9</td><td>886.4</td><td>.4</td><td>-</td><td>.4 3/</td><td></td></tr><tr><td>November</td><td>2,476.5</td><td>+747.4</td><td>748.1</td><td>.8</td><td>.7</td><td>* 3/</td><td></td></tr><tr><td>December</td><td>3,675.3</td><td>+1,198.8</td><td>1,226.3</td><td>27.4</td><td>27.4</td><td>* 3/</td><td></td></tr><tr><td>1943-January</td><td>4,075.2</td><td>+399.9</td><td>418.4</td><td>18.5</td><td>18.4</td><td>.1 3/</td><td></td></tr><tr><td>February</td><td>4,493.4</td><td>+418.2</td><td>443.7</td><td>25.5</td><td>24.5</td><td>1.0 3/</td><td></td></tr><tr><td>March</td><td>4,571.8</td><td>+78.4</td><td>431.5</td><td>353.1</td><td>345.8</td><td>7.2</td><td></td></tr><tr><td>April</td><td>6,092.6</td><td>+1,520.8</td><td>1,611.1</td><td>90.3</td><td>78.2</td><td>12.2</td><td></td></tr><tr><td>May</td><td>6,510.6</td><td>+418.0</td><td>474.5</td><td>56.5</td><td>54.7</td><td>1.8</td><td></td></tr><tr><td>June</td><td>6,464.0</td><td>-46.6</td><td>463.6</td><td>510.2</td><td>497.5</td><td>12.8</td><td></td></tr><tr><td>July</td><td>6,715.7</td><td>+251.7</td><td>414.0</td><td>162.3</td><td>148.4</td><td>13.9</td><td></td></tr><tr><td>August</td><td>6,828.9</td><td>+113.2</td><td>213.5</td><td>100.2</td><td>76.6</td><td>23.7</td><td></td></tr></table>
Source: Daily Treasury Statements.
r * Revised.
* Less than $50,000.
1/ These notes were originally designed to help taxpayers set aside funds with which to pay taxes and were known as Treasury tax savings notes. Series A notes were designed for the small and moderate taxpayer; series B and series C notes were intended for the large taxpayer. When the collection of taxes through withholding at the source commenced, the need for series A tax savings notes disappeared and their sale was discontinued. Redemption provisions on series A notes were relaxed to provide for the payment of interest on notes thereafter redeemed for cash (see footnote 2/). Sale of series C notes which were designed for the investment of idle cash reserves as well as the accumulation of tax reserves was continued and the notes were designated Treasury savings notes. Series A notes, which were sold from August 1, 1941 through June 22, 1943, yield approximately 1.92 percent per annum. The maximum amount which may be used in payment of each class
2/
of tax (income, estate, or gift) by each taxpayer during each taxable year is limited to $5,000 per value. Through June 22, 1943 the notes could be redeemed for cash only at the original purchase price; since that date, the notes have been redeemed for cash at the tax payment value current at the time of presentation. See also footnote 1/.
3/ Series B notes were sold from August 1, 1941 through September 12, 1942, to yield approximately .48 percent per annum. The amount which may be turned in on taxes is unlimited. The notes may be redeemed for cash only at the original purchase price.
4/ Series C notes went on sale September 14, 1942. Interest accrues each month on a graduated scale (see "Treasury Bulletin" for August 1943, page 4) to yield approximately 1.07 percent per annum if held to maturity. The amount which may be turned in on taxes is unlimited. The notes may be redeemed for cash six months after the date of issue at the tax payment value current at the time of presentation. Prior to July 27, 1943, notice of 30 days was required for cash redemption. See also footnote 1/.
39
Sales of Treasury Savings Notes - (Continued)
Table 2.- Sales of Series C Notes, Classified by Denomination
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="7">Sales in millions of dollars at par</th><th colspan="7">Percentage distribution of sales</th></tr><tr><th>Total all denominations</th><th>$1,000</th><th>$5,000</th><th>$10,000</th><th>$100,000</th><th>$500,000</th><th>$1,000,000</th><th>Total all denominations</th><th>$1,000</th><th>$5,000</th><th>$10,000</th><th>$100,000</th><th>$500,000</th><th>$1,000,000</th></tr><tr><td>1943</td><td>7,546.7</td><td>249.0</td><td>332.1</td><td>1,388.6</td><td>2,535.7</td><td>1,124.4</td><td>1,916.9</td><td>100.0</td><td>3.3</td><td>4.4</td><td>18.4</td><td>33.6</td><td>14.9</td><td>25.4</td></tr><tr><td>1942-Sept....</td><td>843.2</td><td>16.9</td><td>26.1</td><td>137.5</td><td>279.9</td><td>102.9</td><td>279.9</td><td>100.0</td><td>2.0</td><td>3.1</td><td>16.3</td><td>33.2</td><td>12.2</td><td>33.2</td></tr><tr><td>Oct....</td><td>886.4</td><td>20.4</td><td>31.9</td><td>153.3</td><td>302.3</td><td>149.8</td><td>228.7</td><td>100.0</td><td>2.3</td><td>3.6</td><td>17.3</td><td>34.1</td><td>16.9</td><td>25.8</td></tr><tr><td>Nov....</td><td>748.1</td><td>17.2</td><td>26.2</td><td>127.2</td><td>231.2</td><td>71.8</td><td>274.5</td><td>100.0</td><td>2.3</td><td>3.5</td><td>17.0</td><td>30.9</td><td>9.6</td><td>36.7</td></tr><tr><td>Dec....</td><td>1,226.3</td><td>40.5</td><td>66.2</td><td>250.2</td><td>388.7</td><td>204.8</td><td>275.9</td><td>100.0</td><td>3.3</td><td>5.4</td><td>20.4</td><td>31.7</td><td>16.7</td><td>22.5</td></tr><tr><td>1943-Jan....</td><td>418.4</td><td>16.7</td><td>21.8</td><td>84.9</td><td>150.6</td><td>67.8</td><td>76.6</td><td>100.0</td><td>4.0</td><td>5.2</td><td>20.3</td><td>36.0</td><td>16.2</td><td>18.3</td></tr><tr><td>Feb....</td><td>443.7</td><td>9.8</td><td>13.7</td><td>58.7</td><td>141.9</td><td>72.8</td><td>146.8</td><td>100.0</td><td>2.2</td><td>3.1</td><td>13.2</td><td>32.0</td><td>16.4</td><td>33.1</td></tr><tr><td>Mar....</td><td>431.5</td><td>9.9</td><td>13.4</td><td>66.0</td><td>123.0</td><td>78.5</td><td>140.7</td><td>100.0</td><td>2.3</td><td>3.1</td><td>15.3</td><td>28.5</td><td>18.2</td><td>32.6</td></tr><tr><td>Apr....</td><td>1,611.1</td><td>82.2</td><td>90.2</td><td>339.9</td><td>597.7</td><td>224.0</td><td>277.1</td><td>100.0</td><td>5.1</td><td>5.6</td><td>21.1</td><td>37.1</td><td>13.9</td><td>17.2</td></tr><tr><td>May....</td><td>474.5</td><td>20.9</td><td>23.3</td><td>91.1</td><td>152.3</td><td>69.8</td><td>117.1</td><td>100.0</td><td>4.4</td><td>4.9</td><td>19.2</td><td>32.1</td><td>14.7</td><td>24.7</td></tr><tr><td>June....</td><td>463.6</td><td>10.7</td><td>14.8</td><td>77.4</td><td>176.2</td><td>78.8</td><td>105.7</td><td>100.0</td><td>2.3</td><td>3.2</td><td>16.7</td><td>38.0</td><td>17.0</td><td>22.8</td></tr><tr><td>July....</td><td>414.0</td><td>12.4</td><td>15.3</td><td>72.5</td><td>144.1</td><td>73.7</td><td>96.0</td><td>100.0</td><td>3.0</td><td>3.7</td><td>17.5</td><td>34.8</td><td>17.8</td><td>23.2</td></tr><tr><td>Aug....</td><td>213.5</td><td>8.1</td><td>9.4</td><td>43.6</td><td>82.6</td><td>24.8</td><td>45.0</td><td>100.0</td><td>3.8</td><td>4.4</td><td>20.4</td><td>38.7</td><td>11.6</td><td>21.1</td></tr></table>
Source: (1) Total sales: Daily Treasury Statements; (2) Distribution by denominations: sales reported to the Treasury. Note: This table has been revised to a Daily Treasury Statement basis.
1/ Information on sales, by denomination, of Series A and B tax savings notes may be found in the "Treasury Bulletin" for July 1943, page 46.
Table 3.- Sales of Series C Notes, Classified by Type of Purchaser
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Sales in millions of dollars at par</th><th colspan="3">Percentage distribution of sales</th></tr><tr><th>Total</th><th>Individuals, partnerships, and fiduciaries</th><th>Corporations</th><th>Total</th><th>Individuals, partnerships, and fiduciaries</th><th>Corporations</th></tr><tr><td>1943</td><td>7.546.7</td><td>611.3</td><td>6,935.4</td><td>100.0</td><td>8.1</td><td>91.9</td></tr><tr><td>1942-September</td><td>843.2</td><td>47.2</td><td>796.0</td><td>100.0</td><td>5.6</td><td>94.4</td></tr><tr><td>October</td><td>886.4</td><td>81.5</td><td>804.9</td><td>100.0</td><td>9.2</td><td>90.8</td></tr><tr><td>November</td><td>748.1</td><td>60.6</td><td>687.5</td><td>100.0</td><td>8.1</td><td>91.9</td></tr><tr><td>December</td><td>1,226.3</td><td>120.2</td><td>1,106.1</td><td>100.0</td><td>9.8</td><td>90.2</td></tr><tr><td>1943-January</td><td>418.4</td><td>37.7</td><td>380.7</td><td>100.0</td><td>9.0</td><td>91.0</td></tr><tr><td>February</td><td>443.7</td><td>28.8</td><td>414.9</td><td>100.0</td><td>6.5</td><td>93.5</td></tr><tr><td>March</td><td>431.5</td><td>51.3</td><td>380.2</td><td>100.0</td><td>11.9</td><td>88.1</td></tr><tr><td>April</td><td>1,611.1</td><td>122.4</td><td>1,488.7</td><td>100.0</td><td>7.6</td><td>92.4</td></tr><tr><td>May</td><td>474.5</td><td>37.5</td><td>437.0</td><td>100.0</td><td>7.9</td><td>92.1</td></tr><tr><td>June</td><td>463.6</td><td>26.9</td><td>436.7</td><td>100.0</td><td>5.8</td><td>94.2</td></tr><tr><td>July</td><td>414.0</td><td>21.5</td><td>392.5</td><td>100.0</td><td>5.2</td><td>94.8</td></tr><tr><td>August</td><td>213.5</td><td>15.4</td><td>198.1</td><td>100.0</td><td>7.2</td><td>92.8</td></tr></table>
Source: (1) Total sales: Daily Treasury Statements; (2) Distribution by type of purchaser: sales reported to the Treasury. Note: This table has been revised to a Daily Treasury Statement basis.
1/ Information on sales, by type of purchaser, of Series A and B tax savings notes may be found in the "Treasury Bulletin" for July 1943, page 47.
40
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Amount outstanding end of fiscal year or month 1/</th><th>Net change during fiscal year or month 1/</th><th>Sales 1/</th><th colspan="3">Redemptions</th><th colspan="3">Percentage distribution of redemptions</th></tr><tr><th></th><th></th><th></th><th></th><th>Total 1/</th><th>Exchanged for United States savings bonds 2/</th><th>Cash 2/ 3/</th><th>Total</th><th>Exchanged for United States savings bonds 2/</th><th>Cash 2/ 3/</th></tr><tr><td>1941 4/</td><td>5,294</td><td>+5,143</td><td>6,087</td><td>943</td><td>5/</td><td>5/</td><td>100.0</td><td>5/</td><td>5/</td></tr><tr><td>1942 July 1941</td><td>166,341</td><td>+161,048</td><td>308,621</td><td>147,574</td><td>1127,948</td><td>18,468</td><td>100.0</td><td>87.4</td><td>12.6</td></tr><tr><td>1941-August 1941-June 1942</td><td>213,350</td><td>+45,620 6/ 1/</td><td>590,268</td><td>544,647</td><td>1474,168</td><td>70,480</td><td>100.0</td><td>87.1</td><td>12.9</td></tr><tr><td>1942-August</td><td>187,618</td><td>+6,647</td><td>44,546</td><td>37,900</td><td>34,101</td><td>3,799</td><td>100.0</td><td>90.0</td><td>10.0</td></tr><tr><td>September</td><td>194,010</td><td>+6,392</td><td>47,682</td><td>41,290</td><td>36,561</td><td>4,730</td><td>100.0</td><td>88.6</td><td>11.4</td></tr><tr><td>October</td><td>206,044</td><td>+12,034</td><td>53,141</td><td>41,107</td><td>36,188</td><td>4,919</td><td>100.0</td><td>83.0</td><td>12.0</td></tr><tr><td>November</td><td>215,805</td><td>+9,121 6/ 1/</td><td>39,077 1/</td><td>29,955</td><td>26,220</td><td>3,736</td><td>100.0</td><td>87.5</td><td>12.5</td></tr><tr><td>December</td><td>221,340</td><td>+5,536</td><td>43,920</td><td>38,384</td><td>32,988</td><td>5,396</td><td>100.0</td><td>85.9</td><td>14.1</td></tr><tr><td>1943-January</td><td>224,901</td><td>+3,561</td><td>66,267</td><td>62,706</td><td>54,448</td><td>8,258</td><td>100.0</td><td>86.8</td><td>13.2</td></tr><tr><td>February</td><td>224,356</td><td>-1,106 1/</td><td>54,667 1/</td><td>55,773</td><td>48,339</td><td>7,434</td><td>100.0</td><td>86.7</td><td>13.3</td></tr><tr><td>March</td><td>226,216</td><td>+1,671 1/</td><td>49,630 1/</td><td>47,958</td><td>40,650</td><td>7,309</td><td>100.0</td><td>84.8</td><td>15.2</td></tr><tr><td>April</td><td>227,989</td><td>+1,774 1/</td><td>44,791 1/</td><td>43,018</td><td>37,501</td><td>5,517</td><td>100.0</td><td>87.2</td><td>12.8</td></tr><tr><td>May</td><td>224,771</td><td>-3,218</td><td>40,048</td><td>43,267</td><td>37,530</td><td>5,737</td><td>100.0</td><td>86.7</td><td>13.3</td></tr><tr><td>June</td><td>213,350</td><td>-11,421</td><td>52,683</td><td>64,104</td><td>54,391</td><td>9,714</td><td>100.0</td><td>84.8</td><td>15.2</td></tr><tr><td>July</td><td>207,275</td><td>-6,075</td><td>30,770</td><td>36,845</td><td>31,371</td><td>5,474</td><td>100.0</td><td>85.1</td><td>14.9</td></tr><tr><td>August</td><td>204,158</td><td>-3,117</td><td>29,313</td><td>32,430</td><td>27,427</td><td>5,004</td><td>100.0</td><td>84.6</td><td>15.4</td></tr></table>
Source: Daily Treasury Statements commencing November 1, 1942; prior thereto, Post Office Department. 1/ Figures for November 1942 and following months are not strictly comparable with earlier months because of the shift to a Daily Treasury Statement basis. Stamps sold prior to October 1, 1942 were known as postal savings stamps and were obligations of the Postal Savings System but subsequently became public debt obligations. 2/ Estimated on the basis of samples conducted by the Post Office Department. 3/ Includes minor amounts which were exchanged for postal savings
4/ Sales and redemptions commence with May 1, 1941 when the special defense series of stamps went on sale. The amount of the old series of postal savings stamps outstanding on April 30, 1941 was $150 thousands. Details not available for May, June, and July 1941.
5/ Net of sales less redemptions. See footnote 1/.
6/ Does not include amounts transferred from Postal Savings System to the Treasury to cover outstanding stamps.
Table 2.- Sales, Classified by Denomination
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="6">Salee in thousands of dollars</th><th colspan="6">Percentage distribution of sales</th></tr><tr><th>Total all denominations</th><th>10¢</th><th>25¢</th><th>50¢</th><th>$1.00</th><th>$5.00</th><th>Total all denominations</th><th>10¢</th><th>25¢</th><th>50¢</th><th>$1.00</th><th>$5.00</th></tr><tr><td>1941</td><td>6,087</td><td>400</td><td>2,691</td><td>1,012</td><td>1,130</td><td>854</td><td>100.0</td><td>6.6</td><td>44.2</td><td>16.6</td><td>18.6</td><td>14.0</td></tr><tr><td>1942</td><td>308,621</td><td>67,466</td><td>167,709</td><td>28,614</td><td>31,583</td><td>13,250</td><td>100.0</td><td>21.9</td><td>54.3</td><td>9.3</td><td>10.2</td><td>4.3</td></tr><tr><td>1943</td><td>590,268</td><td>126,321</td><td>313,691</td><td>52,508</td><td>71,693</td><td>26,048</td><td>100.0</td><td>21.4</td><td>53.1</td><td>8.9</td><td>12.2</td><td>4.4</td></tr><tr><td>1942-August</td><td>44,546</td><td>7,326</td><td>24,808</td><td>4,348</td><td>5,950</td><td>2,114</td><td>100.0</td><td>16.4</td><td>55.7</td><td>9.8</td><td>13.4</td><td>4.7</td></tr><tr><td>September</td><td>47,682</td><td>8,366</td><td>26,189</td><td>4,935</td><td>6,064</td><td>2,128</td><td>100.0</td><td>17.5</td><td>54.9</td><td>10.4</td><td>12.7</td><td>4.5</td></tr><tr><td>October</td><td>53,141</td><td>10,680</td><td>28,563</td><td>5,150</td><td>6,498</td><td>2,250</td><td>100.0</td><td>20.1</td><td>53.8</td><td>9.7</td><td>12.2</td><td>4.2</td></tr><tr><td>November</td><td>39,077</td><td>8,033</td><td>20,751</td><td>3,595</td><td>4,939</td><td>1,759</td><td>100.0</td><td>20.6</td><td>53.1</td><td>9.2</td><td>12.6</td><td>4.5</td></tr><tr><td>December</td><td>43,920</td><td>9,243</td><td>22,984</td><td>3,624</td><td>5,600</td><td>2,469</td><td>100.0</td><td>21.0</td><td>52.3</td><td>8.3</td><td>12.8</td><td>5.6</td></tr><tr><td>1943-January</td><td>66,267</td><td>15,993</td><td>34,209</td><td>5,192</td><td>7,798</td><td>3,075</td><td>100.0</td><td>24.1</td><td>51.6</td><td>7.8</td><td>11.8</td><td>4.7</td></tr><tr><td>February</td><td>54,667</td><td>12,771</td><td>28,514</td><td>4,566</td><td>6,405</td><td>2,412</td><td>100.0</td><td>23.4</td><td>52.2</td><td>8.3</td><td>11.7</td><td>4.4</td></tr><tr><td>March</td><td>49,630</td><td>12,290</td><td>25,576</td><td>4,001</td><td>5,652</td><td>2,110</td><td>100.0</td><td>24.8</td><td>51.5</td><td>8.1</td><td>11.4</td><td>4.2</td></tr><tr><td>April</td><td>44,791</td><td>11,284</td><td>23,164</td><td>3,594</td><td>5,085</td><td>1,665</td><td>100.0</td><td>25.2</td><td>51.7</td><td>8.0</td><td>11.4</td><td>3.7</td></tr><tr><td>May</td><td>40,048</td><td>9,704</td><td>20,983</td><td>3,358</td><td>4,574</td><td>1,429</td><td>100.0</td><td>24.2</td><td>52.4</td><td>8.4</td><td>11.4</td><td>3.6</td></tr><tr><td>June</td><td>52,683</td><td>10,531</td><td>28,257</td><td>4,942</td><td>6,803</td><td>2,151</td><td>100.0</td><td>20.0</td><td>53.6</td><td>9.4</td><td>12.9</td><td>4.1</td></tr><tr><td>July</td><td>30,770</td><td>5,462</td><td>15,783</td><td>2,990</td><td>4,425</td><td>2,110</td><td>100.0</td><td>17.7</td><td>51.3</td><td>9.7</td><td>14.4</td><td>6.9</td></tr><tr><td>August</td><td>29,313</td><td>5,409</td><td>15,361</td><td>2,803</td><td>4,190</td><td>1,550</td><td>100.0</td><td>18.4</td><td>52.4</td><td>9.6</td><td>14.3</td><td>5.3</td></tr></table>
Source: (1) Total sales: Daily Treasury Statements commencing November 1, 1942; prior thereto Post Office Department; (2) Distribution by denominations: Based upon Post Office Department data.
41
Sales of United States Savings Stamps - (Continued)
Table 3.- Sales by States
(In thousands of dollars)
<table><tr><th>State</th><th colspan="2">Fiscal year</th><th colspan="5">1942</th><th colspan="10">1943</th></tr><tr><th></th><th>1942</th><th>1943</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July P</th><th>Aug. P</th></tr><tr><td>Alabama</td><td>2,343.7</td><td>4,215.1</td><td>377.5</td><td>372.8</td><td>349.3</td><td>312.4</td><td>349.1</td><td>366.2</td><td>352.1</td><td>382.4</td><td>394.9</td><td>296.9</td><td>218.6</td><td>275.8</td><td>240.3</td></tr><tr><td>Arizona</td><td>834.8</td><td>1,765.8</td><td>110.7</td><td>129.4</td><td>148.4</td><td>132.5</td><td>191.5</td><td>174.9</td><td>157.6</td><td>158.7</td><td>190.2</td><td>115.4</td><td>79.1</td><td>93.9</td><td>81.4</td></tr><tr><td>Arkansas</td><td>1,674.7</td><td>2,970.7</td><td>227.4</td><td>253.4</td><td>264.7</td><td>251.4</td><td>278.5</td><td>266.8</td><td>243.3</td><td>250.8</td><td>271.9</td><td>193.4</td><td>166.6</td><td>200.1</td><td>126.1</td></tr><tr><td>California</td><td>20,132.6</td><td>39,726.1</td><td>2,964.9</td><td>3,232.9</td><td>3,602.5</td><td>3,048.7</td><td>4,122.0</td><td>3,624.3</td><td>2,963.3</td><td>3,344.8</td><td>3,486.4</td><td>3,256.6</td><td>2,312.7</td><td>2,215.8</td><td>1,856.0</td></tr><tr><td>Colorado</td><td>2,020.3</td><td>4,083.1</td><td>315.1</td><td>337.5</td><td>340.4</td><td>330.6</td><td>405.9</td><td>376.7</td><td>357.8</td><td>372.9</td><td>374.6</td><td>294.9</td><td>216.5</td><td>219.2</td><td>184.1</td></tr><tr><td>Connecticut</td><td>7,707.4</td><td>14,375.6</td><td>1,223.4</td><td>1,350.2</td><td>1,437.0</td><td>1,235.8</td><td>1,336.2</td><td>1,255.6</td><td>1,089.8</td><td>1,090.3</td><td>1,083.3</td><td>1,013.3</td><td>788.8</td><td>617.4</td><td>567.8</td></tr><tr><td>Delaware</td><td>714.2</td><td>1,298.6</td><td>94.4</td><td>100.6</td><td>123.3</td><td>124.3</td><td>131.5</td><td>119.2</td><td>98.3</td><td>101.8</td><td>132.3</td><td>85.2</td><td>74.2</td><td>67.2</td><td>57.6</td></tr><tr><td>District of Columbia</td><td>6,100.1</td><td>5,591.7</td><td>502.3</td><td>489.9</td><td>447.0</td><td>392.9</td><td>519.5</td><td>498.5</td><td>442.9</td><td>453.2</td><td>489.7</td><td>421.4</td><td>294.8</td><td>293.1</td><td>268.3</td></tr><tr><td>Florida</td><td>3,705.9</td><td>6,188.3</td><td>415.9</td><td>462.5</td><td>533.1</td><td>471.8</td><td>600.3</td><td>586.3</td><td>531.5</td><td>582.3</td><td>613.8</td><td>494.8</td><td>365.0</td><td>410.9</td><td>340.1</td></tr><tr><td>Georgia</td><td>3,175.5</td><td>5,621.2</td><td>463.6</td><td>460.7</td><td>500.4</td><td>464.4</td><td>533.4</td><td>503.1</td><td>479.3</td><td>494.5</td><td>458.6</td><td>422.1</td><td>306.6</td><td>321.6</td><td>262.6</td></tr><tr><td>Idaho</td><td>841.0</td><td>1,405.5</td><td>98.9</td><td>115.5</td><td>122.8</td><td>112.4</td><td>132.0</td><td>131.1</td><td>138.9</td><td>125.9</td><td>127.6</td><td>87.2</td><td>64.9</td><td>65.7</td><td>75.8</td></tr><tr><td>Illinois</td><td>23,612.9</td><td>39,970.3</td><td>3,170.6</td><td>3,373.9</td><td>3,717.4</td><td>3,367.5</td><td>3,980.0</td><td>3,555.0</td><td>3,203.7</td><td>3,593.9</td><td>3,101.1</td><td>2,833.4</td><td>2,226.7</td><td>2,356.1</td><td>1,749.1</td></tr><tr><td>Indiana</td><td>7,516.9</td><td>14,176.4</td><td>1,108.9</td><td>1,164.2</td><td>1,400.6</td><td>1,226.6</td><td>1,378.5</td><td>1,262.7</td><td>1,150.6</td><td>1,222.3</td><td>1,213.2</td><td>1,038.3</td><td>778.3</td><td>755.6</td><td>637.0</td></tr><tr><td>Iowa</td><td>4,575.8</td><td>9,010.3</td><td>771.7</td><td>763.5</td><td>752.2</td><td>682.8</td><td>887.2</td><td>736.4</td><td>675.5</td><td>720.6</td><td>858.5</td><td>642.3</td><td>511.1</td><td>1,340.1</td><td>715.0</td></tr><tr><td>Kansas</td><td>2,532.9</td><td>5,576.8</td><td>362.2</td><td>424.7</td><td>476.6</td><td>424.4</td><td>507.4</td><td>517.7</td><td>502.7</td><td>545.0</td><td>630.4</td><td>414.4</td><td>288.4</td><td>530.4</td><td>225.8</td></tr><tr><td>Kentucky</td><td>3,036.2</td><td>5,427.6</td><td>445.4</td><td>439.0</td><td>510.8</td><td>423.6</td><td>507.2</td><td>504.6</td><td>436.1</td><td>463.9</td><td>480.0</td><td>387.5</td><td>302.2</td><td>365.6</td><td>326.4</td></tr><tr><td>Louisiana</td><td>3,428.0</td><td>6,114.6</td><td>450.2</td><td>455.2</td><td>521.4</td><td>481.6</td><td>548.7</td><td>551.7</td><td>511.3</td><td>562.9</td><td>598.4</td><td>433.6</td><td>350.0</td><td>355.1</td><td>412.0</td></tr><tr><td>Maine</td><td>1,725.5</td><td>3,619.4</td><td>279.8</td><td>288.4</td><td>339.8</td><td>282.7</td><td>328.7</td><td>328.9</td><td>300.7</td><td>309.8</td><td>330.2</td><td>297.5</td><td>214.9</td><td>196.6</td><td>189.2</td></tr><tr><td>Maryland</td><td>5,785.2</td><td>9,211.3</td><td>695.5</td><td>761.9</td><td>823.6</td><td>783.4</td><td>884.7</td><td>824.8</td><td>763.7</td><td>787.9</td><td>840.2</td><td>727.2</td><td>558.6</td><td>499.3</td><td>475.4</td></tr><tr><td>Massachusetts</td><td>14,413.6</td><td>21,025.9</td><td>2,062.2</td><td>2,312.8</td><td>2,605.1</td><td>2,129.1</td><td>2,468.8</td><td>2,406.2</td><td>1,975.5</td><td>2,297.4</td><td>2,575.6</td><td>2,125.9</td><td>1,043.0</td><td>1,384.1</td><td>1,041.6</td></tr><tr><td>Michigan</td><td>13,721.6</td><td>26,161.1</td><td>1,973.6</td><td>2,152.4</td><td>2,440.5</td><td>2,013.3</td><td>2,405.9</td><td>2,281.0</td><td>2,154.2</td><td>2,237.1</td><td>2,496.8</td><td>1,931.9</td><td>1,393.3</td><td>1,375.8</td><td>1,220.4</td></tr><tr><td>Minnesota</td><td>4,037.7</td><td>7,961.5</td><td>581.4</td><td>609.2</td><td>656.5</td><td>614.8</td><td>767.8</td><td>801.9</td><td>718.3</td><td>632.1</td><td>817.2</td><td>554.8</td><td>403.7</td><td>526.6</td><td>441.9</td></tr><tr><td>Mississippi</td><td>1,508.8</td><td>3,082.6</td><td>276.7</td><td>278.5</td><td>313.9</td><td>292.3</td><td>277.9</td><td>267.3</td><td>235.8</td><td>242.5</td><td>249.4</td><td>185.1</td><td>140.2</td><td>132.7</td><td>123.4</td></tr><tr><td>Missouri</td><td>7,326.4</td><td>14,223.5</td><td>1,062.6</td><td>1,213.7</td><td>1,248.4</td><td>1,183.7</td><td>1,328.0</td><td>1,281.4</td><td>1,219.8</td><td>1,235.4</td><td>1,353.4</td><td>1,030.6</td><td>786.1</td><td>770.6</td><td>700.9</td></tr><tr><td>Montana</td><td>1,030.7</td><td>1,874.0</td><td>135.2</td><td>148.2</td><td>159.3</td><td>182.7</td><td>203.0</td><td>173.4</td><td>156.1</td><td>161.0</td><td>170.0</td><td>125.0</td><td>78.8</td><td>129.9</td><td>92.1</td></tr><tr><td>Nebraska</td><td>2,371.8</td><td>4,531.1</td><td>375.2</td><td>398.9</td><td>396.3</td><td>351.0</td><td>436.9</td><td>416.7</td><td>379.0</td><td>375.6</td><td>395.3</td><td>312.2</td><td>234.4</td><td>281.6</td><td>212.6</td></tr><tr><td>Nevada</td><td>381.4</td><td>678.4</td><td>60.3</td><td>60.6</td><td>56.7</td><td>55.9</td><td>76.4</td><td>54.3</td><td>52.6</td><td>57.6</td><td>54.0</td><td>49.2</td><td>31.6</td><td>45.6</td><td>41.5</td></tr><tr><td>New Hampshire</td><td>1,150.8</td><td>2,276.5</td><td>201.2</td><td>213.7</td><td>219.9</td><td>180.6</td><td>206.3</td><td>203.0</td><td>175.6</td><td>174.2</td><td>180.8</td><td>170.1</td><td>126.6</td><td>116.0</td><td>110.9</td></tr><tr><td>New Jersey</td><td>13,313.7</td><td>23,206.8</td><td>1,763.4</td><td>1,948.2</td><td>2,205.3</td><td>1,908.5</td><td>2,248.0</td><td>2,071.5</td><td>1,850.3</td><td>2,001.2</td><td>2,057.2</td><td>1,760.3</td><td>1,417.1</td><td>1,141.4</td><td>1,045.1</td></tr><tr><td>New Mexico</td><td>720.3</td><td>1,252.8</td><td>88.7</td><td>103.5</td><td>116.2</td><td>92.5</td><td>124.7</td><td>131.2</td><td>105.4</td><td>105.5</td><td>117.1</td><td>81.4</td><td>56.4</td><td>54.6</td><td>51.8</td></tr><tr><td>New York</td><td>53,060.7</td><td>106,793.2</td><td>8,650.7</td><td>9,316.3</td><td>10,758.8</td><td>9,028.1</td><td>10,426.5</td><td>8,705.6</td><td>8,019.8</td><td>8,793.1</td><td>8,939.4</td><td>7,335.9</td><td>6,644.9</td><td>5,378.4</td><td>5,265.3</td></tr><tr><td>North Carolina</td><td>3,089.7</td><td>6,794.6</td><td>523.7</td><td>565.1</td><td>639.5</td><td>548.5</td><td>638.7</td><td>623.0</td><td>593.6</td><td>631.8</td><td>625.6</td><td>455.4</td><td>344.3</td><td>450.7</td><td>357.8</td></tr><tr><td>North Dakota</td><td>801.2</td><td>1,558.8</td><td>111.9</td><td>119.8</td><td>117.3</td><td>123.6</td><td>151.0</td><td>150.6</td><td>139.7</td><td>126.5</td><td>167.5</td><td>103.4</td><td>71.5</td><td>99.1</td><td>82.9</td></tr><tr><td>Ohio</td><td>18,269.5</td><td>32,949.4</td><td>2,564.3</td><td>2,567.4</td><td>2,842.3</td><td>2,519.8</td><td>3,255.3</td><td>3,076.2</td><td>2,850.9</td><td>2,882.0</td><td>2,922.0</td><td>2,499.5</td><td>1,679.1</td><td>1,844.2</td><td>1,542.1</td></tr><tr><td>Oklahoma</td><td>2,489.1</td><td>4,442.0</td><td>325.5</td><td>345.1</td><td>383.0</td><td>333.7</td><td>402.2</td><td>422.4</td><td>390.2</td><td>388.2</td><td>458.6</td><td>302.7</td><td>252.5</td><td>246.8</td><td>223.2</td></tr><tr><td>Oregon</td><td>2,739.3</td><td>5,323.4</td><td>405.3</td><td>432.1</td><td>429.7</td><td>356.7</td><td>522.1</td><td>609.1</td><td>433.1</td><td>465.0</td><td>531.2</td><td>369.0</td><td>284.4</td><td>453.0</td><td>292.9</td></tr><tr><td>Pennsylvania</td><td>27,075.3</td><td>49,468.2</td><td>3,650.8</td><td>4,087.5</td><td>4,597.8</td><td>3,971.6</td><td>4,731.8</td><td>4,586.6</td><td>4,020.3</td><td>4,286.8</td><td>4,566.3</td><td>3,824.8</td><td>2,821.0</td><td>2,603.7</td><td>2,405.7</td></tr><tr><td>Rhode Island</td><td>3,087.6</td><td>5,172.3</td><td>463.4</td><td>460.9</td><td>527.2</td><td>417.2</td><td>493.1</td><td>412.8</td><td>317.1</td><td>391.4</td><td>439.2</td><td>372.9</td><td>292.4</td><td>253.9</td><td>250.7</td></tr><tr><td>South Carolina</td><td>1,488.2</td><td>2,207.8</td><td>186.9</td><td>181.4</td><td>156.1</td><td>152.5</td><td>237.5</td><td>198.5</td><td>190.5</td><td>202.0</td><td>217.9</td><td>151.7</td><td>122.5</td><td>142.4</td><td>115.7</td></tr><tr><td>South Dakota</td><td>832.2</td><td>1,546.1</td><td>112.8</td><td>113.5</td><td>127.8</td><td>134.4</td><td>142.6</td><td>139.7</td><td>137.4</td><td>149.9</td><td>155.6</td><td>101.1</td><td>69.4</td><td>101.4</td><td>82.6</td></tr><tr><td>Tennessee</td><td>2,952.8</td><td>5,685.8</td><td>474.6</td><td>467.6</td><td>525.1</td><td>454.9</td><td>523.9</td><td>516.4</td><td>438.7</td><td>454.0</td><td>462.3</td><td>359.6</td><td>274.8</td><td>306.4</td><td>265.8</td></tr><tr><td>Texas</td><td>11,520.8</td><td>20,141.6</td><td>1,592.9</td><td>1,643.5</td><td>1,807.2</td><td>1,601.1</td><td>2,006.3</td><td>1,748.9</td><td>1,702.1</td><td>1,686.9</td><td>1,916.4</td><td>1,444.7</td><td>1,143.6</td><td>1,340.0</td><td>1,056.6</td></tr><tr><td>Utah</td><td>963.4</td><td>2,436.2</td><td>144.2</td><td>142.9</td><td>169.3</td><td>220.0</td><td>366.7</td><td>244.6</td><td>214.0</td><td>222.7</td><td>283.3</td><td>145.2</td><td>105.5</td><td>127.8</td><td>109.7</td></tr><tr><td>Vermont</td><td>705.8</td><td>1,340.0</td><td>102.4</td><td>115.4</td><td>124.2</td><td>104.6</td><td>122.0</td><td>119.6</td><td>107.5</td><td>108.8</td><td>116.1</td><td>100.0</td><td>82.9</td><td>82.6</td><td>80.3</td></tr><tr><td>Virginia</td><td>4,051.8</td><td>7,315.1</td><td>521.7</td><td>585.1</td><td>640.3</td><td>586.7</td><td>669.7</td><td>707.8</td><td>604.1</td><td>671.6</td><td>737.0</td><td>559.1</td><td>373.0</td><td>597.5</td><td>350.2</td></tr><tr><td>Washington</td><td>3,909.2</td><td>8,124.7</td><td>592.6</td><td>624.6</td><td>684.2</td><td>601.4</td><td>822.0</td><td>905.4</td><td>709.9</td><td>672.0</td><td>735.5</td><td>609.2</td><td>408.8</td><td>451.2</td><td>350.8</td></tr><tr><td>West Virginia</td><td>2,449.7</td><td>4,014.2</td><td>305.4</td><td>314.2</td><td>391.5</td><td>320.4</td><td>398.0</td><td>380.9</td><td>355.0</td><td>379.3</td><td>368.4</td><td>251.5</td><td>184.5</td><td>225.1</td><td>186.0</td></tr><tr><td>Wisconsin</td><td>5,728.3</td><td>12,535.0</td><td>876.0</td><td
Source: (1) Total sales: Daily Treasury Statements; (2) Sales by States: Post Office Department. p Preliminary.
OWNERSHIP OF GOVERNMENT SECURITIES
42
43
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="6">Securities issued by United States Government<br>Distribution by classes of holders</th><th colspan="4">Securities guaranteed by United States 1/<br>Distribution by classes of holders</th></tr><tr><th>Total amount outstanding</th><th colspan="3">U. S. Government agencies and trust funds 2/</th><th>Federal Reserve Banks</th><th colspan="3">Private investors 3/</th><th>Total amount unmaured outstanding</th><th colspan="3">U. S. Government agencies and trust funds and Federal Reserve Banks 2/</th><th>Private investors 3/</th><th>Public non-marketable issues</th></tr><tr><th></th><th></th><th>Total public and special issues</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th>Special issues</th><th>Public marketable issues</th><th>Total public issues</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th></th><th>Public marketable issues</th><th>Public marketable issues</th><th>Public non-marketable issues</th></tr><tr><td>1934</td><td>26,480</td><td>1,288</td><td>892</td><td>-</td><td>396</td><td>2,432</td><td>22,760</td><td>22,760</td><td>-</td><td>681</td><td>150</td><td>531</td><td>-</td></tr><tr><td>1935</td><td>27,645</td><td>1,629</td><td>996</td><td>-</td><td>633</td><td>2,433</td><td>23,583</td><td>23,521</td><td>62</td><td>4,123</td><td>362</td><td>3,761</td><td>-</td></tr><tr><td>1936</td><td>32,989</td><td>1,945</td><td>1,319</td><td>-</td><td>626</td><td>2,430</td><td>28,614</td><td>27,353</td><td>1,261</td><td>4,718</td><td>375</td><td>4,343</td><td>-</td></tr><tr><td>1937</td><td>35,800</td><td>3,221</td><td>1,663</td><td>-</td><td>1,558</td><td>2,526</td><td>30,053</td><td>28,865</td><td>1,188</td><td>4,665</td><td>363</td><td>4,302</td><td>-</td></tr><tr><td>1938</td><td>36,576</td><td>4,452</td><td>1,776</td><td>-</td><td>2,676</td><td>2,564</td><td>29,560</td><td>28,004</td><td>1,556</td><td>4,853</td><td>325</td><td>4,528</td><td>-</td></tr><tr><td>1939</td><td>39,886</td><td>5,600</td><td>1,830</td><td>-</td><td>3,770</td><td>2,551</td><td>31,735</td><td>29,584</td><td>2,151</td><td>5,450</td><td>286</td><td>5,164</td><td>-</td></tr><tr><td>1940</td><td>42,376</td><td>6,792</td><td>2,017</td><td>-</td><td>4,775</td><td>2,458</td><td>33,126</td><td>29,961</td><td>3,166</td><td>5,498</td><td>287</td><td>5,211</td><td>-</td></tr><tr><td>1941</td><td>48,387</td><td>8,214</td><td>2,093</td><td>1</td><td>6,120</td><td>2,180</td><td>37,993</td><td>33,439</td><td>4,554</td><td>6,360</td><td>273</td><td>6,087</td><td>-</td></tr><tr><td>1942</td><td>71,968</td><td>10,330</td><td>2,442</td><td>3</td><td>7,885</td><td>2,640</td><td>58,998</td><td>45,491</td><td>13,507</td><td>4,549</td><td>286</td><td>4,263</td><td>-</td></tr><tr><td>1943</td><td>135,380</td><td>14,080</td><td>3,202</td><td>7</td><td>10,871</td><td>7,149</td><td>114,152</td><td>84,959</td><td>29,193</td><td>4,092</td><td>285</td><td>3,738</td><td>68</td></tr><tr><td>1942-Aug.</td><td>81,244</td><td>10,854</td><td>2,588</td><td>4</td><td>8,262</td><td>3,421</td><td>66,969</td><td>51,167</td><td>15,801</td><td>4,567</td><td>297</td><td>4,217</td><td>53</td></tr><tr><td>Sept.</td><td>85,847</td><td>11,106</td><td>2,592</td><td>4</td><td>8,509</td><td>3,552</td><td>71,189</td><td>54,257</td><td>16,932</td><td>4,552</td><td>319</td><td>4,196</td><td>37</td></tr><tr><td>Oct.</td><td>92,265</td><td>11,197</td><td>2,609</td><td>4</td><td>8,585</td><td>4,649</td><td>76,417</td><td>57,750</td><td>18,667</td><td>4,243</td><td>326</td><td>3,870</td><td>48</td></tr><tr><td>Nov.</td><td>95,458</td><td>11,400</td><td>2,608</td><td>4</td><td>8,787</td><td>5,377</td><td>78,682</td><td>58,569</td><td>20,113</td><td>4,244</td><td>332</td><td>3,863</td><td>48</td></tr><tr><td>Dec.</td><td>107,308</td><td>11,928</td><td>2,891</td><td>5</td><td>9,032</td><td>6,152</td><td>89,228</td><td>67,445</td><td>21,783</td><td>4,283</td><td>348</td><td>3,848</td><td>87</td></tr><tr><td>1943-Jan.</td><td>110,024</td><td>12,056</td><td>2,878</td><td>6</td><td>9,172</td><td>5,919</td><td>92,049</td><td>68,699</td><td>23,350</td><td>4,277</td><td>361</td><td>3,835</td><td>81</td></tr><tr><td>Feb.</td><td>112,851</td><td>12,397</td><td>2,826</td><td>6</td><td>9,565</td><td>5,821</td><td>94,632</td><td>70,079</td><td>24,554</td><td>4,275</td><td>343</td><td>3,853</td><td>79</td></tr><tr><td>Mar.</td><td>114,287</td><td>12,802</td><td>2,792</td><td>6</td><td>10,004</td><td>5,877</td><td>95,608</td><td>70,993</td><td>24,615</td><td>4,350</td><td>374</td><td>3,898</td><td>78</td></tr><tr><td>Apr.</td><td>128,643</td><td>13,002</td><td>3,201</td><td>6</td><td>9,795</td><td>6,400</td><td>109,240</td><td>81,791</td><td>27,449</td><td>4,363</td><td>404</td><td>3,884</td><td>76</td></tr><tr><td>May.</td><td>134,675</td><td>13,433</td><td>3,229</td><td>6</td><td>10,198</td><td>6,168</td><td>115,073</td><td>85,985</td><td>29,088</td><td>4,082</td><td>381</td><td>3,627</td><td>74</td></tr><tr><td>June.</td><td>135,380</td><td>14,080</td><td>3,202</td><td>7</td><td>10,871</td><td>7,149</td><td>114,152</td><td>84,959</td><td>29,193</td><td>4,092</td><td>285</td><td>3,738</td><td>68</td></tr><tr><td>July</td><td>140,238</td><td>14,594</td><td>3,131</td><td>7</td><td>11,456</td><td>8,154</td><td>117,491</td><td>87,328</td><td>30,163</td><td>3,782</td><td>296</td><td>3,415</td><td>71</td></tr><tr><td>Aug.</td><td>142,721</td><td>15,030 p</td><td>3,116 p</td><td>7 p</td><td>11,907</td><td>9,055</td><td>118,636 p</td><td>87,764 p</td><td>30,872 p</td><td>3,934</td><td>296 p</td><td>3,566 p</td><td>73</td></tr></table>
Source: (1) Total amounts outstanding; Daily Treasury Statements; (2) Securities held by U. S. Government agencies and trust funds; reports of the agencies and accounts with the Treasury; (3) Securities held by Federal Reserve Banks; Federal Reserve System. p *Preliminary. Less than $500,000.
1/ Excludes matured securities and obligations sold directly to the Treasury.
2/ Excludes Exchange Stabilization Fund.
3/ The total amount of securities held by private investors is calculated by deducting from the total amount of securities outstanding, the securities held by U. S. Government agencies and trust funds and by Federal Reserve Banks.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1937</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.8</td><td>12.5</td><td>8.9</td><td>3.7</td><td>2.0</td><td>-15.4</td></tr><tr><td>1938</td><td>-12.0</td><td>-3.0</td><td>23.3</td><td>2.5</td><td>-4.9</td><td>.8</td><td>1.2</td><td>-3.9</td><td>38.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939</td><td>1.6</td><td>.1</td><td>-12.5</td><td>-37.1</td><td>-40.4</td><td>5.0</td><td>3.0</td><td>3.3</td><td>71.9</td><td>-1.2</td><td>-2.8</td><td>-3.2</td></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-3</td><td>-4.4</td><td>-3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>-</td><td>-7</td><td>-2</td><td>.4</td><td>*</td><td>-</td><td>-</td><td>-2</td><td>-</td><td>60.0</td></tr><tr><td>1942</td><td>-5</td><td>30.6</td><td>5.3</td><td>.3</td><td>*</td><td>3</td><td>-2.3</td><td>-8.4</td><td>-4.5</td><td>-1.0</td><td>-</td><td>-</td></tr><tr><td>1943</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>.4</td><td>-35.2</td><td>-145.8</td><td>-67.8</td><td>-15.8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
1 Less than $50,000. 1/ Consists of purchases or sales made by the Treasury. Treasury investment accounts comprise (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain
U. S. Government agencies whose investments are handled through the facilities of the Treasury Department. This table also includes purchases under Section 19 of the Second Liberty Bond Act, as amended, and excludes the Exchange Stabilization Fund.
44
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, July 31, 1943
The following tables present summary data from the Treasury survey, as of July 31, 1943, of the ownership of securities issued or guaranteed by the United States. The large commercial and savings banks and insurance companies covered in the survey account for approximately 95 percent of the holdings of United States Government and Government-guaranteed securities held by all banks and insurance companies in the United States.
A regrouping of insurance companies was reflected for the first time in the Treasury survey as of June 30, 1943 which appeared in the August issue of the "Treasury Bulletin". Because of this regrouping, data as of June 30, and July 31, 1943 on life insurance companies and on fire, casualty, and marine insurance companies should not be compared with similar data for prior months. Revisions of the earlier figures will be published in a forthcoming issue of the "Treasury Bulletin".
Table I.- Analysis of Ownership by Type of Security, by Call Classes, and by Tax-Exemption Provisions
PART A - PAR VALUES IN MILLIONS OF DOLLARS
<table><tr><th>Classification</th><th>Total amount outstanding</th><th colspan="7">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U.S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th>Total 7,328 institutions</th><th>Total</th><th>6,580 commercial banks</th><th>490 mutual savings banks</th><th>Total</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>I. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>12,460</td><td>6,168</td><td>5,970</td><td>5,939</td><td>31</td><td>198</td><td>184</td><td>14</td><td>4,907</td><td>1,386</td></tr><tr><td>Certificates of indebtedness</td><td>16,561</td><td>10,411</td><td>10,080</td><td>9,890</td><td>189</td><td>331</td><td>137</td><td>193</td><td>1,129</td><td>5,022</td></tr><tr><td>Treasury notes</td><td>11,875</td><td>8,127</td><td>7,763</td><td>7,506</td><td>258</td><td>364</td><td>225</td><td>139</td><td>774</td><td>2,974</td></tr><tr><td>Treasury bonds</td><td>57,520</td><td>40,758</td><td>29,403</td><td>24,723</td><td>4,680</td><td>11,365</td><td>9,862</td><td>1,504</td><td>4,441</td><td>12,312</td></tr><tr><td>Other bonds</td><td>196</td><td>15</td><td>14</td><td>13</td><td>*</td><td>1</td><td>*</td><td>1</td><td>34</td><td>147</td></tr><tr><td>Guaranteed issues 3/</td><td>3,711</td><td>2,755</td><td>2,457</td><td>2,392</td><td>64</td><td>298</td><td>261</td><td>37</td><td>242</td><td>714</td></tr><tr><td>Total</td><td>102,324</td><td>68,243</td><td>55,686</td><td>50,464</td><td>5,222</td><td>12,557</td><td>10,669</td><td>1,888</td><td>11,526</td><td>22,554</td></tr><tr><td>II. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>36,083</td><td>20,379</td><td>19,303</td><td>18,939</td><td>364</td><td>1,076</td><td>754</td><td>322</td><td>6,823</td><td>8,881</td></tr><tr><td>1 to 5 years</td><td>23,565</td><td>17,203</td><td>15,290</td><td>14,487</td><td>802</td><td>1,914</td><td>1,451</td><td>463</td><td>1,698</td><td>4,663</td></tr><tr><td>5 to 10 years</td><td>23,051</td><td>18,000</td><td>15,293</td><td>13,434</td><td>1,859</td><td>2,707</td><td>2,183</td><td>524</td><td>1,137</td><td>3,915</td></tr><tr><td>10 to 15 years</td><td>6,641</td><td>4,284</td><td>2,639</td><td>2,163</td><td>476</td><td>1,045</td><td>1,328</td><td>317</td><td>650</td><td>1,707</td></tr><tr><td>15 to 20 years</td><td>3,653</td><td>2,547</td><td>852</td><td>569</td><td>282</td><td>1,696</td><td>1,554</td><td>142</td><td>297</td><td>809</td></tr><tr><td>Over 20 years</td><td>9,309</td><td>5,811</td><td>2,303</td><td>865</td><td>1,438</td><td>3,508</td><td>3,388</td><td>120</td><td>920</td><td>2,579</td></tr><tr><td>Federal Housing Administration debentures</td><td>22</td><td>19</td><td>7</td><td>6</td><td>1</td><td>12</td><td>12</td><td>*</td><td>1</td><td>1</td></tr><tr><td>Total</td><td>102,324</td><td>68,243</td><td>55,686</td><td>50,464</td><td>5,222</td><td>12,557</td><td>10,669</td><td>1,888</td><td>11,526</td><td>22,554</td></tr><tr><td>III. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>2,828</td><td>845</td><td>783</td><td>774</td><td>9</td><td>62</td><td>24</td><td>38</td><td>340</td><td>1,642</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>28,726</td><td>19,590</td><td>15,600</td><td>14,623</td><td>976</td><td>3,990</td><td>2,929</td><td>1,061</td><td>2,914</td><td>6,222</td></tr><tr><td>Subject to Federal income taxes</td><td>70,770</td><td>47,808</td><td>39,303</td><td>35,066</td><td>4,237</td><td>8,505</td><td>7,716</td><td>788</td><td>8,272</td><td>14,690</td></tr><tr><td>Total</td><td>102,324</td><td>68,243</td><td>55,686</td><td>50,464</td><td>5,222</td><td>12,557</td><td>10,669</td><td>1,888</td><td>11,526</td><td>22,554</td></tr></table>
(Continued on following page)
45
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, July 31, 1943 - (Continued)
Table I.- Analysis of Ownership by Type of Security, by Call Classes, and by Tax-Exemption Provisions - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY CLASSES OF SECURITIES
<table><tr><th rowspan="2">Classification</th><th colspan="8">Public marketable interest-bearing securities 1/</th></tr><tr><th>Total amount outstanding</th><th>Total 7,328 institutions</th><th colspan="3">Held by banks and insurance companies covered in Treasury survey</th><th colspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th></th><th></th><th></th><th>6,580 banks</th><th>6,090 commercial banks</th><th>490 mutual savings banks</th><th>748 insurance companies</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th></tr><tr><td>I. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>12.2</td><td>9.0</td><td>10.7</td><td>11.8</td><td>.6</td><td>1.6</td><td>1.7</td><td>.7</td><td>42.6</td><td>6.1</td></tr><tr><td>Certificates of indebtedness</td><td>16.2</td><td>15.3</td><td>18.1</td><td>19.6</td><td>3.6</td><td>2.6</td><td>1.3</td><td>10.2</td><td>9.8</td><td>22.3</td></tr><tr><td>Treasury notes</td><td>11.6</td><td>11.9</td><td>13.9</td><td>14.9</td><td>4.9</td><td>2.9</td><td>2.1</td><td>7.4</td><td>6.7</td><td>13.2</td></tr><tr><td>Treasury bonds</td><td>56.2</td><td>59.7</td><td>52.8</td><td>49.0</td><td>89.6</td><td>90.5</td><td>92.4</td><td>79.7</td><td>38.5</td><td>54.6</td></tr><tr><td>Other bonds</td><td>.2</td><td></td><td>.4</td><td>.4</td><td></td><td>.2</td><td>.2</td><td>.2</td><td>.3</td><td>.7</td></tr><tr><td>Guaranteed issues 3/</td><td>3.6</td><td>4.0</td><td>4.4</td><td>4.7</td><td>1.2</td><td>2.4</td><td>2.4</td><td>2.0</td><td>2.1</td><td>3.2</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr><tr><td>II. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>35.3</td><td>29.9</td><td>34.7</td><td>37.5</td><td>7.0</td><td>8.6</td><td>7.1</td><td>17.0</td><td>59.2</td><td>39.4</td></tr><tr><td>1 to 5 years</td><td>23.0</td><td>25.2</td><td>27.5</td><td>28.7</td><td>15.4</td><td>15.2</td><td>13.6</td><td>24.5</td><td>14.7</td><td>20.7</td></tr><tr><td>5 to 10 years</td><td>22.5</td><td>26.4</td><td>27.5</td><td>26.6</td><td>35.6</td><td>21.6</td><td>20.5</td><td>27.8</td><td>9.9</td><td>17.4</td></tr><tr><td>10 to 15 years</td><td>6.5</td><td>6.3</td><td>4.7</td><td>4.3</td><td>9.1</td><td>11.1</td><td>12.4</td><td>16.8</td><td>5.6</td><td>7.6</td></tr><tr><td>15 to 20 years</td><td>3.6</td><td>3.7</td><td>1.5</td><td>1.1</td><td>5.4</td><td>13.5</td><td>14.6</td><td>7.5</td><td>2.6</td><td>3.6</td></tr><tr><td>Over 20 years</td><td>9.1</td><td>8.5</td><td>4.1</td><td>1.7</td><td>27.5</td><td>27.9</td><td>31.8</td><td>6.4</td><td>8.0</td><td>11.4</td></tr><tr><td>Federal Housing Administration debentures</td><td></td><td></td><td></td><td></td><td>.1</td><td>.1</td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr><tr><td>III. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>2.8</td><td>1.2</td><td>1.4</td><td>1.5</td><td>.2</td><td>.5</td><td>.2</td><td>2.0</td><td>3.0</td><td>7.3</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>28.1</td><td>28.7</td><td>28.0</td><td>29.0</td><td>18.7</td><td>31.8</td><td>27.5</td><td>56.2</td><td>25.3</td><td>27.6</td></tr><tr><td>Subject to Federal income taxes</td><td>69.2</td><td>70.1</td><td>70.6</td><td>69.5</td><td>81.1</td><td>67.7</td><td>72.3</td><td>41.8</td><td>71.8</td><td>65.1</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr></table>
PART C - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th rowspan="2">Classification</th><th colspan="8">Public marketable interest-bearing securities 1/ Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total amount outstanding</th><th>Total 7,328 institutions</th><th colspan="3">6,550 banks</th><th colspan="3">745 insurance companies</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>6,090 commercial banks</th><th>490 mutual savings banks</th><th>Total</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>I. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>100.0</td><td>49.5</td><td>47.9</td><td>47.7</td><td>.3</td><td>1.6</td><td>1.5</td><td>.1</td><td>39.4</td><td>11.1</td></tr><tr><td>Certificates of indebtedness</td><td>100.0</td><td>62.9</td><td>60.9</td><td>59.7</td><td>1.1</td><td>2.0</td><td>.8</td><td>1.2</td><td>6.8</td><td>30.3</td></tr><tr><td>Treasury notes</td><td>100.0</td><td>68.4</td><td>65.4</td><td>63.2</td><td>2.2</td><td>3.1</td><td>1.9</td><td>1.2</td><td>6.5</td><td>25.0</td></tr><tr><td>Treasury bonds</td><td>100.0</td><td>70.9</td><td>51.1</td><td>43.0</td><td>8.1</td><td>19.8</td><td>17.1</td><td>2.6</td><td>7.7</td><td>21.4</td></tr><tr><td>Other bonds</td><td>100.0</td><td>7.5</td><td>6.9</td><td>6.9</td><td>.1</td><td>.6</td><td>.2</td><td>.4</td><td>17.3</td><td>75.2</td></tr><tr><td>Guaranteed issues 3/</td><td>100.0</td><td>74.2</td><td>66.2</td><td>64.5</td><td>1.7</td><td>8.0</td><td>7.0</td><td>1.0</td><td>6.5</td><td>19.2</td></tr><tr><td>Total</td><td>100.0</td><td>66.7</td><td>54.4</td><td>49.3</td><td>5.1</td><td>12.3</td><td>10.4</td><td>1.8</td><td>11.3</td><td>22.0</td></tr><tr><td>II. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>100.0</td><td>56.5</td><td>53.5</td><td>52.5</td><td>1.0</td><td>3.0</td><td>2.1</td><td>.9</td><td>18.9</td><td>24.6</td></tr><tr><td>1 to 5 years</td><td>100.0</td><td>73.0</td><td>64.9</td><td>61.5</td><td>3.4</td><td>8.1</td><td>6.2</td><td>2.0</td><td>7.2</td><td>19.8</td></tr><tr><td>5 to 10 years</td><td>100.0</td><td>78.1</td><td>66.3</td><td>58.3</td><td>8.1</td><td>11.7</td><td>9.5</td><td>2.3</td><td>4.9</td><td>17.0</td></tr><tr><td>10 to 15 years</td><td>100.0</td><td>64.5</td><td>39.7</td><td>32.6</td><td>7.2</td><td>28.8</td><td>20.0</td><td>4.8</td><td>9.8</td><td>25.7</td></tr><tr><td>15 to 20 years</td><td>100.0</td><td>69.7</td><td>23.3</td><td>15.6</td><td>7.7</td><td>46.4</td><td>42.5</td><td>3.9</td><td>8.1</td><td>22.1</td></tr><tr><td>Over 20 years</td><td>100.0</td><td>62.4</td><td>24.7</td><td>9.3</td><td>15.4</td><td>37.7</td><td>36.4</td><td>1.3</td><td>9.9</td><td>27.7</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>87.5</td><td>32.5</td><td>29.5</td><td>3.0</td><td>55.0</td><td>54.7</td><td>.3</td><td>5.7</td><td>6.9</td></tr><tr><td>Total</td><td>100.0</td><td>66.7</td><td>54.4</td><td>49.3</td><td>5.1</td><td>12.3</td><td>10.4</td><td>1.8</td><td>11.3</td><td>22.0</td></tr><tr><td>III. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>100.0</td><td>29.9</td><td>27.7</td><td>27.4</td><td>.3</td><td>2.2</td><td>.9</td><td>1.3</td><td>12.0</td><td>58.1</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>100.0</td><td>68.2</td><td>54.3</td><td>50.9</td><td>3.4</td><td>13.9</td><td>10.2</td><td>3.7</td><td>10.1</td><td>21.7</td></tr><tr><td>Subject to Federal income taxes</td><td>100.0</td><td>67.6</td><td>55.5</td><td>49.5</td><td>6.0</td><td>12.0</td><td>10.9</td><td>1.1</td><td>11.7</td><td>20.8</td></tr><tr><td>Total</td><td>100.0</td><td>66.7</td><td>54.4</td><td>49.3</td><td>5.1</td><td>12.3</td><td>10.4</td><td>1.8</td><td>11.3</td><td>22.0</td></tr></table>
Less than $500,000 or less than .05%.
1/ Public marketable interest-bearing securities include all interest-bearing securities outstanding except (1) special issues to Government agencies and trust funds, (2) adjusted service bonds, (3) depositary bonds, (4) United States savings bonds, (5) Treasury savings notes and (6) Commodity Credit Corporation demand obligations. Such obligations were held by institutions reporting, as follows: (1) depository bonds: commercial banks, $212 millions; (2) United States savings bonds: commercial banks, $205 millions; mutual savings banks, $107 millions; insurance companies, $140 millions; all institutional, $452 millions; (3) Treasury savings notes: commercial banks, $55 millions; insurance companies, $31 millions;
2/ Excludes Exchange Stabilization Fund.
3/ Includes obligations sold directly to the Treasury.
4/ Securities the income from which is exempt from the normal rates and the surtax rates of the Federal income tax.
5/ Securitise the income from which is exempt from the normal rates of the Federal income tax. (In the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
46
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, July 31, 1943 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
PART A - PAR VALUES IN MILLIONS OF DOLLARS
<table><tr><th rowspan="2">Issue, classified by tax-exemption provision</th><th rowspan="2">Total amount out-standing</th><th colspan="7">Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banke 2/</th><th rowspan="2">Held by all other investore</th></tr><tr><th>Total 7,328 institutions</th><th>Total</th><th>6,580 commercial banks</th><th>490 mutual savings banks</th><th>Total 748 insurance companies</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th></tr><tr><td>I. Wholly exempt from Federal income taxes 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1% September 1943</td><td>279</td><td>105</td><td>103</td><td>101</td><td>2</td><td>3</td><td>*</td><td>2</td><td>32</td><td>143</td></tr><tr><td>1-1/8% December 1943</td><td>421</td><td>142</td><td>116</td><td>114</td><td>2</td><td>27</td><td>21</td><td>6</td><td>36</td><td>243</td></tr><tr><td>1% March 1944</td><td>515</td><td>177</td><td>171</td><td>170</td><td>2</td><td>6</td><td>*</td><td>5</td><td>88</td><td>250</td></tr><tr><td>3/4% June 1944</td><td>416</td><td>125</td><td>117</td><td>117</td><td>1</td><td>7</td><td>2</td><td>5</td><td>60</td><td>231</td></tr><tr><td>1% September 1944</td><td>283</td><td>36</td><td>35</td><td>34</td><td>1</td><td>2</td><td>*</td><td>2</td><td>28</td><td>219</td></tr><tr><td>3/4% March 1945</td><td>718</td><td>245</td><td>228</td><td>226</td><td>2</td><td>17</td><td>*</td><td>17</td><td>63</td><td>410</td></tr><tr><td>Total Treasury notes</td><td>2,632</td><td>831</td><td>770</td><td>761</td><td>9</td><td>61</td><td>24</td><td>37</td><td>307</td><td>1,495</td></tr><tr><td>Bonde</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>117</td><td>13</td><td>12</td><td>12</td><td>*</td><td>1</td><td>*</td><td>1</td><td>34</td><td>71</td></tr><tr><td>Panama Canal</td><td>50</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td><td>49</td></tr><tr><td>Conversion</td><td>29</td><td>2</td><td>2</td><td>2</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td><td>27</td></tr><tr><td>Total bonde</td><td>196</td><td>15</td><td>14</td><td>13</td><td>*</td><td>1</td><td>*</td><td>1</td><td>34</td><td>147</td></tr><tr><td>Total wholly exempt from Federal income taxe</td><td>2,828</td><td>845</td><td>783</td><td>774</td><td>9</td><td>62</td><td>24</td><td>38</td><td>340</td><td>1,642</td></tr><tr><td>II. Partially exempt from Federal income taxes 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bonde</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/4% October 1943-45</td><td>1,401</td><td>737</td><td>648</td><td>602</td><td>46</td><td>90</td><td>57</td><td>33</td><td>186</td><td>477</td></tr><tr><td>3-1/4% April 1944-46</td><td>1,519</td><td>781</td><td>581</td><td>537</td><td>44</td><td>200</td><td>161</td><td>39</td><td>270</td><td>468</td></tr><tr><td>4% December 1944-54</td><td>1,037</td><td>617</td><td>481</td><td>436</td><td>45</td><td>136</td><td>101</td><td>35</td><td>115</td><td>304</td></tr><tr><td>2-3/4% September 1945-47</td><td>1,214</td><td>765</td><td>575</td><td>526</td><td>49</td><td>190</td><td>163</td><td>27</td><td>166</td><td>283</td></tr><tr><td>2-1/2% December 1945</td><td>541</td><td>420</td><td>362</td><td>346</td><td>16</td><td>58</td><td>28</td><td>29</td><td>19</td><td>102</td></tr><tr><td>3-3/4% March 1946-56</td><td>489</td><td>318</td><td>216</td><td>196</td><td>20</td><td>102</td><td>87</td><td>15</td><td>70</td><td>101</td></tr><tr><td>3% June 1946-48</td><td>1,036</td><td>639</td><td>468</td><td>418</td><td>50</td><td>172</td><td>141</td><td>31</td><td>205</td><td>191</td></tr><tr><td>3-1/8% June 1946-49</td><td>819</td><td>483</td><td>354</td><td>318</td><td>35</td><td>129</td><td>108</td><td>22</td><td>88</td><td>248</td></tr><tr><td>4-1/4% October 1947-52</td><td>759</td><td>416</td><td>306</td><td>267</td><td>39</td><td>110</td><td>73</td><td>37</td><td>82</td><td>260</td></tr><tr><td>2% December 1947</td><td>701</td><td>609</td><td>573</td><td>565</td><td>8</td><td>36</td><td>6</td><td>30</td><td>1</td><td>91</td></tr><tr><td>2-3/4% March 1948-51</td><td>1,223</td><td>951</td><td>819</td><td>776</td><td>43</td><td>132</td><td>97</td><td>35</td><td>161</td><td>112</td></tr><tr><td>2-1/2% September 1948</td><td>451</td><td>391</td><td>351</td><td>344</td><td>7</td><td>40</td><td>25</td><td>15</td><td>-</td><td>60</td></tr><tr><td>2% December 1948-50</td><td>571</td><td>485</td><td>455</td><td>447</td><td>8</td><td>30</td><td>7</td><td>23</td><td>44</td><td>42</td></tr><tr><td>3-1/8% December 1949-52</td><td>491</td><td>386</td><td>295</td><td>267</td><td>29</td><td>90</td><td>64</td><td>26</td><td>41</td><td>64</td></tr><tr><td>2-1/2% December 1949-53</td><td>1,786</td><td>1,310</td><td>1,204</td><td>1,158</td><td>47</td><td>106</td><td>46</td><td>60</td><td>232</td><td>244</td></tr><tr><td>2-1/2% September 1950-52</td><td>1,186</td><td>925</td><td>789</td><td>737</td><td>52</td><td>136</td><td>89</td><td>48</td><td>118</td><td>143</td></tr><tr><td>2-3/4% June 1951-54</td><td>1,627</td><td>1,263</td><td>955</td><td>874</td><td>81</td><td>308</td><td>244</td><td>64</td><td>167</td><td>196</td></tr><tr><td>3% September 1951-55</td><td>755</td><td>368</td><td>285</td><td>253</td><td>31</td><td>83</td><td>57</td><td>26</td><td>80</td><td>308</td></tr><tr><td>2-1/4% December 1951-53</td><td>1,118</td><td>882</td><td>833</td><td>814</td><td>20</td><td>49</td><td>24</td><td>25</td><td>109</td><td>127</td></tr><tr><td>2% June 1953-55</td><td>725</td><td>654</td><td>628</td><td>620</td><td>8</td><td>26</td><td>2</td><td>24</td><td>16</td><td>55</td></tr><tr><td>2-1/4% June 1954-56</td><td>681</td><td>550</td><td>448</td><td>438</td><td>10</td><td>102</td><td>64</td><td>38</td><td>44</td><td>87</td></tr><tr><td>2-7/8% March 1955-60</td><td>2,611</td><td>1,270</td><td>826</td><td>740</td><td>87</td><td>443</td><td>321</td><td>123</td><td>359</td><td>983</td></tr><tr><td>2-3/4% September 1956-59</td><td>982</td><td>679</td><td>447</td><td>414</td><td>32</td><td>232</td><td>164</td><td>68</td><td>128</td><td>175</td></tr><tr><td>2-3/4% June 1958-63</td><td>919</td><td>703</td><td>361</td><td>325</td><td>36</td><td>343</td><td>275</td><td>68</td><td>68</td><td>147</td></tr><tr><td>2-3/4% December 1960-65</td><td>1,485</td><td>1,041</td><td>653</td><td>569</td><td>84</td><td>388</td><td>291</td><td>97</td><td>109</td><td>336</td></tr><tr><td>Total Treasury bonds</td><td>26,127</td><td>17,644</td><td>13,914</td><td>12,986</td><td>928</td><td>3,730</td><td>2,693</td><td>1,037</td><td>2,880</td><td>5,603</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Farm Mortgage Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/4% March 1944-64</td><td>95</td><td>62</td><td>35</td><td>26</td><td>9</td><td>27</td><td>26</td><td>1</td><td>3</td><td>29</td></tr><tr><td>3% May 1944-49</td><td>835</td><td>596</td><td>492</td><td>480</td><td>13</td><td>104</td><td>98</td><td>6</td><td>13</td><td>226</td></tr><tr><td>Federal Honeing Administration debentures</td><td>22</td><td>19</td><td>7</td><td>6</td><td>1</td><td>12</td><td>12</td><td>*</td><td>1</td><td>1</td></tr><tr><td>Home Owners' Loan Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% May 1944-52</td><td>779</td><td>504</td><td>436</td><td>416</td><td>19</td><td>69</td><td>62</td><td>7</td><td>14</td><td>260</td></tr><tr><td>1-1/2% June 1945-47</td><td>755</td><td>675</td><td>628</td><td>621</td><td>7</td><td>46</td><td>37</td><td>9</td><td>3</td><td>78</td></tr><tr><td>Federal Public Honeing Authority</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-3/8% February 1944</td><td>114</td><td>89</td><td>87</td><td>87</td><td>*</td><td>2</td><td>*</td><td>2</td><td>*</td><td>25</td></tr><tr><td>Total guaranteed issues</td><td>2,599</td><td>1,946</td><td>1,686</td><td>1,637</td><td>49</td><td>260</td><td>236</td><td>24</td><td>34</td><td>619</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>28,726</td><td>19,590</td><td>15,600</td><td>14,623</td><td>976</td><td>3,990</td><td>2,929</td><td>1,061</td><td>2,914</td><td>6,222</td></tr></table>
(Continued on following page)
47
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, July 31, 1943 - (Continued
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART A - PAR VALUES IN MILLIONS OF DOLLARS-(Continued)
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="7">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total 7,328 institutions</th><th colspan="3">6,580 banks</th><th colspan="3">748 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>6,090 commercial banks</th><th>490 mutual savings banks</th><th>Total</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>III. Subject to Federal income taxes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>12,460</td><td>6,168</td><td>5,970</td><td>5,939</td><td>31</td><td>198</td><td>184</td><td>14</td><td>4,907</td><td>1,386</td></tr><tr><td>Certificates of indebtedness</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% August 1943</td><td>1,609</td><td>1,033</td><td>1,016</td><td>1,008</td><td>8</td><td>18</td><td>1</td><td>16</td><td>284</td><td>292</td></tr><tr><td>7/8% November 1943</td><td>2,035</td><td>1,306</td><td>1,263</td><td>1,249</td><td>14</td><td>43</td><td>18</td><td>25</td><td>381</td><td>348</td></tr><tr><td>7/8% December 1943</td><td>3,800</td><td>2,486</td><td>2,446</td><td>2,425</td><td>21</td><td>40</td><td>3</td><td>37</td><td>152</td><td>1,163</td></tr><tr><td>7/8% February 1944</td><td>2,211</td><td>1,650</td><td>1,584</td><td>1,550</td><td>34</td><td>66</td><td>25</td><td>41</td><td>33</td><td>529</td></tr><tr><td>7/8% April 1944</td><td>5,251</td><td>2,616</td><td>2,465</td><td>2,362</td><td>103</td><td>151</td><td>87</td><td>64</td><td>66</td><td>2,569</td></tr><tr><td>7/8% May 1944</td><td>1,655</td><td>1,320</td><td>1,307</td><td>1,297</td><td>10</td><td>13</td><td>4</td><td>9</td><td>215</td><td>121</td></tr><tr><td>Total certificates of indebtedness</td><td>16,561</td><td>10,411</td><td>10,080</td><td>9,890</td><td>189</td><td>331</td><td>137</td><td>193</td><td>1,129</td><td>5,022</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% September 1944</td><td>635</td><td>497</td><td>468</td><td>453</td><td>15</td><td>29</td><td>22</td><td>7</td><td>8</td><td>130</td></tr><tr><td>1-1/4% March 1945</td><td>1,606</td><td>1,179</td><td>1,125</td><td>1,097</td><td>28</td><td>54</td><td>35</td><td>18</td><td>163</td><td>264</td></tr><tr><td>3/4% December 1945</td><td>531</td><td>445</td><td>416</td><td>403</td><td>13</td><td>30</td><td>20</td><td>9</td><td>19</td><td>67</td></tr><tr><td>1% March 1946</td><td>503</td><td>442</td><td>410</td><td>396</td><td>14</td><td>31</td><td>24</td><td>8</td><td>1</td><td>60</td></tr><tr><td>1-1/2% December 1946</td><td>3,261</td><td>2,627</td><td>2,554</td><td>2,478</td><td>76</td><td>73</td><td>37</td><td>36</td><td>277</td><td>357</td></tr><tr><td>1-1/2% September 1947</td><td>2,707</td><td>2,106</td><td>2,020</td><td>1,918</td><td>102</td><td>86</td><td>63</td><td>23</td><td>-</td><td>601</td></tr><tr><td>Total Treasury notes</td><td>9,243</td><td>7,296</td><td>6,994</td><td>6,745</td><td>249</td><td>302</td><td>201</td><td>102</td><td>468</td><td>1,479</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2% March 1948-50</td><td>1,115</td><td>893</td><td>677</td><td>528</td><td>149</td><td>217</td><td>201</td><td>15</td><td>65</td><td>157</td></tr><tr><td>1-3/4% June 1948</td><td>3,062</td><td>2,496</td><td>2,258</td><td>2,177</td><td>81</td><td>238</td><td>186</td><td>53</td><td>7</td><td>558</td></tr><tr><td>2% June 1949-51</td><td>1,014</td><td>905</td><td>749</td><td>608</td><td>140</td><td>156</td><td>141</td><td>15</td><td>55</td><td>54</td></tr><tr><td>2% September 1949-51</td><td>1,292</td><td>1,130</td><td>993</td><td>875</td><td>118</td><td>137</td><td>120</td><td>17</td><td>17</td><td>145</td></tr><tr><td>2% December 1949-51</td><td>2,098</td><td>1,714</td><td>1,495</td><td>1,364</td><td>131</td><td>219</td><td>197</td><td>22</td><td>15</td><td>368</td></tr><tr><td>2% March 1950-52</td><td>1,963</td><td>1,787</td><td>1,557</td><td>1,446</td><td>112</td><td>230</td><td>208</td><td>22</td><td>25</td><td>150</td></tr><tr><td>2% September 1950-52</td><td>4,939</td><td>3,467</td><td>2,797</td><td>2,396</td><td>401</td><td>670</td><td>582</td><td>88</td><td>57</td><td>1,416</td></tr><tr><td>2% December 1951-55</td><td>510</td><td>398</td><td>361</td><td>338</td><td>22</td><td>38</td><td>26</td><td>11</td><td>18</td><td>94</td></tr><tr><td>2-1/2% March 1952-54</td><td>1,024</td><td>734</td><td>592</td><td>260</td><td>332</td><td>143</td><td>130</td><td>12</td><td>69</td><td>220</td></tr><tr><td>2-1/4% June 1952-55</td><td>1,501</td><td>1,199</td><td>953</td><td>633</td><td>320</td><td>247</td><td>221</td><td>26</td><td>72</td><td>229</td></tr><tr><td>2-1/2% March 1956-58</td><td>1,449</td><td>1,082</td><td>557</td><td>246</td><td>311</td><td>525</td><td>505</td><td>20</td><td>51</td><td>315</td></tr><tr><td>2-1/2% June 1962-67</td><td>2,118</td><td>1,506</td><td>198</td><td>-</td><td>198</td><td>1,308</td><td>1,263</td><td>45</td><td>188</td><td>424</td></tr><tr><td>2-1/2% December 1963-68</td><td>2,831</td><td>1,857</td><td>495</td><td>-</td><td>495</td><td>1,362</td><td>1,324</td><td>38</td><td>268</td><td>705</td></tr><tr><td>2-1/2% June 1964-69</td><td>3,762</td><td>2,171</td><td>612</td><td>-</td><td>612</td><td>1,559</td><td>1,516</td><td>42</td><td>380</td><td>1,211</td></tr><tr><td>2-1/2% September 1967-72</td><td>2,716</td><td>1,783</td><td>1,196</td><td>865</td><td>331</td><td>587</td><td>547</td><td>40</td><td>271</td><td>662</td></tr><tr><td>Total Treasury bonds</td><td>31,394</td><td>23,124</td><td>15,489</td><td>11,737</td><td>3,752</td><td>7,635</td><td>7,169</td><td>467</td><td>1,561</td><td>6,709</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/3% February 1945</td><td>412</td><td>341</td><td>315</td><td>306</td><td>8</td><td>27</td><td>22</td><td>5</td><td>27</td><td>44</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1% April 1944</td><td>571</td><td>468</td><td>456</td><td>449</td><td>7</td><td>12</td><td>4</td><td>8</td><td>52</td><td>51</td></tr><tr><td>1% January 1945</td><td>129</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>129</td><td>-</td></tr><tr><td>Total guaranteed issues</td><td>1,112</td><td>810</td><td>771</td><td>755</td><td>16</td><td>39</td><td>25</td><td>13</td><td>208</td><td>95</td></tr><tr><td>Total subject to Federal income taxes</td><td>70,770</td><td>47,808</td><td>39,303</td><td>35,066</td><td>4,237</td><td>8,505</td><td>7,716</td><td>788</td><td>8,272</td><td>14,690</td></tr><tr><td>IV. Grand total</td><td>102,324</td><td>68,243</td><td>55,686</td><td>50,464</td><td>5,222</td><td>12,557</td><td>10,669</td><td>1,888</td><td>11,526</td><td>22,554</td></tr></table>
(Continued on following page)
48
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, July 31, 1943 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B
PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="5">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total 7,328 institutions</th><th colspan="3">6,580 banks</th><th colspan="3">748 insurance companies</th><th></th></tr><tr><th></th><th></th><th>Total</th><th>6,090 commercial banks</th><th>490 mutual savings banks</th><th>Total</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td colspan="9">I. Wholly exempt from Federal income taxes 3/</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1% September 1943</td><td>100.0</td><td>37.6</td><td>36.7</td><td>36.0</td><td>.6</td><td>1.0</td><td>.1</td><td>.9</td><td>11.3</td><td>51.1</td></tr><tr><td>1-1/8% December 1943</td><td>100.0</td><td>33.8</td><td>27.5</td><td>27.1</td><td>.4</td><td>6.4</td><td>4.9</td><td>1.5</td><td>8.6</td><td>57.6</td></tr><tr><td>1% March 1944</td><td>100.0</td><td>34.4</td><td>33.3</td><td>33.0</td><td>.3</td><td>1.1</td><td>*</td><td>1.1</td><td>17.1</td><td>48.5</td></tr><tr><td>3/4% June 1944</td><td>100.0</td><td>30.0</td><td>28.3</td><td>28.1</td><td>.2</td><td>1.8</td><td>.6</td><td>1.2</td><td>14.3</td><td>55.6</td></tr><tr><td>1% September 1944</td><td>100.0</td><td>12.8</td><td>12.2</td><td>11.8</td><td>.4</td><td>.5</td><td>-</td><td>.6</td><td>10.0</td><td>77.2</td></tr><tr><td>3/4% March 1945</td><td>100.0</td><td>34.1</td><td>31.7</td><td>31.5</td><td>.3</td><td>2.4</td><td>*</td><td>2.3</td><td>8.8</td><td>57.1</td></tr><tr><td>Total Treasury notes</td><td>100.0</td><td>31.6</td><td>29.2</td><td>28.9</td><td>.3</td><td>2.3</td><td>.9</td><td>1.4</td><td>11.6</td><td>56.8</td></tr><tr><td>Borde</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>100.0</td><td>10.8</td><td>10.0</td><td>9.9</td><td>.1</td><td>.8</td><td>.2</td><td>.5</td><td>28.9</td><td>60.3</td></tr><tr><td>Panama Canal</td><td>100.0</td><td>.9</td><td>.6</td><td>.6</td><td>-</td><td>.3</td><td>.2</td><td>.1</td><td>-</td><td>99.1</td></tr><tr><td>Conversion</td><td>100.0</td><td>5.4</td><td>5.3</td><td>5.3</td><td>-</td><td>.2</td><td>*</td><td>.2</td><td>-</td><td>94.6</td></tr><tr><td>Total bonds</td><td>100.0</td><td>7.5</td><td>6.9</td><td>6.9</td><td>.1</td><td>.6</td><td>.2</td><td>.4</td><td>17.3</td><td>75.2</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>100.0</td><td>29.9</td><td>27.7</td><td>27.4</td><td>.3</td><td>2.2</td><td>.9</td><td>1.3</td><td>12.0</td><td>58.1</td></tr><tr><td colspan="9">II. Partially exempt from Federal income taxes 4/</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/4% October 1943-45</td><td>100.0</td><td>52.6</td><td>46.3</td><td>43.0</td><td>3.3</td><td>6.4</td><td>4.1</td><td>2.3</td><td>13.3</td><td>34.1</td></tr><tr><td>3-1/4% April 1944-46</td><td>100.0</td><td>51.4</td><td>38.2</td><td>35.4</td><td>2.9</td><td>13.2</td><td>10.6</td><td>2.6</td><td>17.8</td><td>30.8</td></tr><tr><td>1/4% December 1944-54</td><td>100.0</td><td>59.5</td><td>46.4</td><td>42.1</td><td>4.3</td><td>13.1</td><td>9.7</td><td>3.4</td><td>11.1</td><td>29.3</td></tr><tr><td>2-3/4% September 1945-47</td><td>100.0</td><td>63.0</td><td>47.4</td><td>43.3</td><td>4.1</td><td>15.6</td><td>13.4</td><td>2.2</td><td>13.7</td><td>23.3</td></tr><tr><td>2-1/2% December 1945</td><td>100.0</td><td>77.6</td><td>66.9</td><td>63.9</td><td>3.0</td><td>10.7</td><td>5.3</td><td>5.4</td><td>3.6</td><td>18.8</td></tr><tr><td>3-3/4% March 1946-56</td><td>100.0</td><td>65.0</td><td>44.1</td><td>40.1</td><td>4.0</td><td>20.9</td><td>17.9</td><td>3.0</td><td>14.3</td><td>20.7</td></tr><tr><td>3%</td><td>100.0</td><td>61.7</td><td>45.1</td><td>40.3</td><td>4.9</td><td>16.6</td><td>13.6</td><td>3.0</td><td>19.8</td><td>18.5</td></tr><tr><td>3-1/8% June 1946-49</td><td>100.0</td><td>59.0</td><td>43.2</td><td>38.8</td><td>4.4</td><td>15.8</td><td>13.2</td><td>2.6</td><td>10.7</td><td>30.3</td></tr><tr><td>4-1/4% October 1947-52</td><td>100.0</td><td>54.9</td><td>40.3</td><td>35.2</td><td>5.2</td><td>14.5</td><td>9.6</td><td>4.9</td><td>10.9</td><td>34.3</td></tr><tr><td>2%</td><td>100.0</td><td>86.9</td><td>81.8</td><td>80.6</td><td>1.2</td><td>5.1</td><td>.8</td><td>4.3</td><td>.2</td><td>12.9</td></tr><tr><td>2-3/4% March 1948-51</td><td>100.0</td><td>77.7</td><td>66.9</td><td>63.4</td><td>3.5</td><td>10.8</td><td>8.0</td><td>2.8</td><td>13.1</td><td>9.1</td></tr><tr><td>2-1/2% September 1948</td><td>100.0</td><td>86.7</td><td>77.9</td><td>76.3</td><td>1.6</td><td>8.8</td><td>5.4</td><td>3.3</td><td>-</td><td>13.3</td></tr><tr><td>2%</td><td>100.0</td><td>85.0</td><td>79.6</td><td>78.2</td><td>1.5</td><td>5.3</td><td>1.2</td><td>4.1</td><td>7.7</td><td>7.3</td></tr><tr><td>3-1/8% December 1949-52</td><td>100.0</td><td>78.5</td><td>60.1</td><td>54.3</td><td>5.8</td><td>18.3</td><td>13.0</td><td>5.3</td><td>8.4</td><td>13.1</td></tr><tr><td>2-1/2% December 1949-53</td><td>100.0</td><td>73.3</td><td>67.4</td><td>64.8</td><td>2.6</td><td>5.9</td><td>2.6</td><td>3.3</td><td>13.0</td><td>13.6</td></tr><tr><td>2-1/2% September 1950-52</td><td>100.0</td><td>78.0</td><td>66.5</td><td>62.2</td><td>4.4</td><td>11.5</td><td>7.5</td><td>4.0</td><td>10.0</td><td>12.0</td></tr><tr><td>2-3/4% June 1951-54</td><td>100.0</td><td>77.6</td><td>58.7</td><td>53.7</td><td>5.0</td><td>18.9</td><td>15.0</td><td>3.9</td><td>10.3</td><td>12.1</td></tr><tr><td>3%</td><td>100.0</td><td>48.7</td><td>37.7</td><td>33.5</td><td>4.2</td><td>11.0</td><td>7.6</td><td>3.4</td><td>10.6</td><td>40.7</td></tr><tr><td>2-1/4% December 1951-53</td><td>100.0</td><td>78.9</td><td>74.5</td><td>72.8</td><td>1.8</td><td>4.4</td><td>2.1</td><td>2.3</td><td>9.8</td><td>11.3</td></tr><tr><td>2%</td><td>100.0</td><td>90.3</td><td>86.7</td><td>85.5</td><td>1.2</td><td>3.6</td><td>.3</td><td>3.2</td><td>2.2</td><td>7.6</td></tr><tr><td>2-1/4% June 1953-55</td><td>100.0</td><td>80.8</td><td>65.8</td><td>64.4</td><td>1.5</td><td>14.9</td><td>9.3</td><td>5.6</td><td>6.5</td><td>12.7</td></tr><tr><td>2-7/8% March 1955-60</td><td>100.0</td><td>48.6</td><td>31.6</td><td>28.3</td><td>3.3</td><td>17.0</td><td>12.3</td><td>4.7</td><td>13.7</td><td>37.6</td></tr><tr><td>2-3/4% September 1955-59</td><td>100.0</td><td>69.1</td><td>45.5</td><td>42.2</td><td>3.3</td><td>23.6</td><td>16.7</td><td>6.9</td><td>13.0</td><td>17.8</td></tr><tr><td>2-3/4% June 1958-63</td><td>100.0</td><td>76.6</td><td>39.3</td><td>35.4</td><td>3.9</td><td>37.3</td><td>29.9</td><td>7.4</td><td>7.4</td><td>16.0</td></tr><tr><td>2-3/4% December 1960-65</td><td>100.0</td><td>70.1</td><td>44.0</td><td>38.3</td><td>5.7</td><td>26.1</td><td>19.6</td><td>6.5</td><td>7.3</td><td>22.6</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>67.5</td><td>53.3</td><td>49.7</td><td>3.6</td><td>14.3</td><td>10.3</td><td>4.0</td><td>11.0</td><td>21.4</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Farm Mortgage Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/4% March 1944-64</td><td>100.0</td><td>65.9</td><td>37.4</td><td>28.0</td><td>9.5</td><td>28.5</td><td>27.5</td><td>.9</td><td>3.4</td><td>30.7</td></tr><tr><td>3%</td><td>100.0</td><td>71.4</td><td>59.0</td><td>57.4</td><td>1.5</td><td>12.5</td><td>11.7</td><td>.7</td><td>1.5</td><td>27.1</td></tr><tr><td>Federal Housing Administration</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>debtentures</td><td>100.0</td><td>87.5</td><td>32.5</td><td>29.5</td><td>3.0</td><td>55.0</td><td>54.7</td><td>.3</td><td>5.7</td><td>6.9</td></tr><tr><td>Home Owners' Loan Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% May 1944-52</td><td>100.0</td><td>64.8</td><td>55.9</td><td>53.5</td><td>2.5</td><td>8.3</td><td>8.0</td><td>.9</td><td>1.8</td><td>33.4</td></tr><tr><td>1-1/2% June 1945-47</td><td>100.0</td><td>89.4</td><td>83.2</td><td>82.3</td><td>.9</td><td>6.1</td><td>5.0</td><td>1.2</td><td>.4</td><td>10.3</td></tr><tr><td>Federal Public Housing Authority</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-3/8% February 1944</td><td>100.0</td><td>78.0</td><td>76.3</td><td>76.1</td><td>.2</td><td>1.8</td><td>.4</td><td>1.3</td><td>*</td><td>21.9</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>74.9</td><td>64.9</td><td>63.0</td><td>1.9</td><td>10.0</td><td>9.1</td><td>.9</td><td>1.3</td><td>23.8</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>100.0</td><td>68.2</td><td>54.3</td><td>50.9</td><td>3.4</td><td>13.9</td><td>10.2</td><td>3.7</td><td>10.1</td><td>21.7</td></tr></table>
(Continued on following page)
49
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, July 31, 1943 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS-(Continued)
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th>Total 7,328 institutions</th><th colspan="4">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th colspan="2">6,580 banks</th><th colspan="3">748 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>6,090 commercial banks</th><th>490 mutual savings banks</th><th>Total</th><th>199 life insurance companies</th><th>549 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>III. Subject to Federal income taxes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>100.0</td><td>49.5</td><td>47.9</td><td>47.7</td><td>.3</td><td>1.6</td><td>1.5</td><td>.1</td><td>39.4</td><td>11.1</td></tr><tr><td>Certificates of indebtedness</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% August 1943</td><td>100.0</td><td>64.2</td><td>63.1</td><td>62.6</td><td>.5</td><td>1.1</td><td>.1</td><td>1.0</td><td>17.6</td><td>18.2</td></tr><tr><td>7/8% November 1943</td><td>100.0</td><td>64.2</td><td>62.1</td><td>61.4</td><td>.7</td><td>2.1</td><td>.9</td><td>1.2</td><td>18.7</td><td>17.1</td></tr><tr><td>7/8% December 1943</td><td>100.0</td><td>65.4</td><td>64.4</td><td>63.8</td><td>.6</td><td>1.1</td><td>.1</td><td>1.0</td><td>4.0</td><td>30.6</td></tr><tr><td>7/8% February 1944</td><td>100.0</td><td>74.6</td><td>71.6</td><td>70.1</td><td>1.5</td><td>3.0</td><td>1.1</td><td>1.9</td><td>1.5</td><td>23.9</td></tr><tr><td>7/8% April 1944</td><td>100.0</td><td>49.8</td><td>46.9</td><td>45.0</td><td>2.0</td><td>2.9</td><td>1.7</td><td>1.2</td><td>1.3</td><td>48.9</td></tr><tr><td>7/8% May 1944</td><td>100.0</td><td>79.7</td><td>79.0</td><td>78.3</td><td>.6</td><td>.8</td><td>.2</td><td>.6</td><td>13.0</td><td>7.3</td></tr><tr><td>Total certificate of indebtedness</td><td>100.0</td><td>62.9</td><td>60.9</td><td>59.7</td><td>1.1</td><td>2.0</td><td>.8</td><td>1.2</td><td>6.8</td><td>30.3</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% September 1944</td><td>100.0</td><td>78.3</td><td>73.8</td><td>71.3</td><td>2.4</td><td>4.6</td><td>3.4</td><td>1.1</td><td>1.2</td><td>20.5</td></tr><tr><td>1-1/4% March 1945</td><td>100.0</td><td>73.4</td><td>70.0</td><td>68.3</td><td>1.8</td><td>3.3</td><td>2.2</td><td>1.1</td><td>10.2</td><td>16.4</td></tr><tr><td>3/4% December 1945</td><td>100.0</td><td>83.9</td><td>78.3</td><td>76.0</td><td>2.4</td><td>5.6</td><td>3.8</td><td>1.8</td><td>3.5</td><td>12.6</td></tr><tr><td>1% March 1946</td><td>100.0</td><td>87.9</td><td>81.6</td><td>78.8</td><td>2.8</td><td>6.3</td><td>4.7</td><td>1.5</td><td>.2</td><td>11.9</td></tr><tr><td>1-1/2% December 1946</td><td>100.0</td><td>80.6</td><td>78.3</td><td>76.0</td><td>2.3</td><td>2.2</td><td>1.1</td><td>1.1</td><td>8.5</td><td>11.0</td></tr><tr><td>1-1/2% September 1947</td><td>100.0</td><td>77.8</td><td>74.6</td><td>70.8</td><td>3.8</td><td>3.2</td><td>2.3</td><td>.9</td><td></td><td>22.2</td></tr><tr><td>Total Treasury notes</td><td>100.0</td><td>78.9</td><td>75.7</td><td>73.0</td><td>2.7</td><td>3.3</td><td>2.2</td><td>1.1</td><td>5.1</td><td>16.0</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2% March 1948-50</td><td>100.0</td><td>80.1</td><td>60.7</td><td>47.4</td><td>13.3</td><td>19.4</td><td>18.1</td><td>1.4</td><td>5.9</td><td>14.0</td></tr><tr><td>1-3/4% June 1948</td><td>100.0</td><td>81.5</td><td>73.7</td><td>71.1</td><td>2.6</td><td>7.8</td><td>6.1</td><td>1.7</td><td>.2</td><td>18.2</td></tr><tr><td>2% June 1949-51</td><td>100.0</td><td>89.2</td><td>73.8</td><td>60.0</td><td>13.8</td><td>15.4</td><td>13.9</td><td>1.5</td><td>5.4</td><td>5.3</td></tr><tr><td>2% September 1949-51</td><td>100.0</td><td>87.4</td><td>76.8</td><td>67.7</td><td>9.1</td><td>10.6</td><td>9.3</td><td>1.3</td><td>1.3</td><td>11.2</td></tr><tr><td>2% December 1949-51</td><td>100.0</td><td>81.7</td><td>71.3</td><td>65.0</td><td>6.2</td><td>10.5</td><td>9.4</td><td>1.1</td><td>.7</td><td>17.5</td></tr><tr><td>2% March 1950-52</td><td>100.0</td><td>91.1</td><td>79.4</td><td>73.7</td><td>5.7</td><td>11.7</td><td>10.6</td><td>1.1</td><td>1.3</td><td>7.7</td></tr><tr><td>2% September 1950-52</td><td>100.0</td><td>70.2</td><td>56.6</td><td>48.5</td><td>8.1</td><td>13.6</td><td>11.8</td><td>1.8</td><td>1.1</td><td>28.7</td></tr><tr><td>2% December 1951-55</td><td>100.0</td><td>78.1</td><td>70.6</td><td>66.2</td><td>4.4</td><td>7.4</td><td>5.2</td><td>2.2</td><td>3.6</td><td>18.3</td></tr><tr><td>2-1/2% March 1952-54</td><td>100.0</td><td>71.7</td><td>57.8</td><td>25.4</td><td>32.4</td><td>13.9</td><td>12.7</td><td>1.2</td><td>6.7</td><td>21.5</td></tr><tr><td>2-1/4% June 1952-55</td><td>100.0</td><td>79.9</td><td>63.5</td><td>42.1</td><td>21.3</td><td>16.4</td><td>14.7</td><td>1.7</td><td>4.8</td><td>15.3</td></tr><tr><td>2-1/2% March 1956-58</td><td>100.0</td><td>74.7</td><td>38.5</td><td>17.0</td><td>21.5</td><td>36.2</td><td>34.8</td><td>1.4</td><td>3.5</td><td>21.8</td></tr><tr><td>2-1/2% June 1962-67</td><td>100.0</td><td>71.1</td><td>9.4</td><td>-</td><td>9.4</td><td>61.7</td><td>59.6</td><td>2.1</td><td>8.9</td><td>20.0</td></tr><tr><td>2-1/2% December 1963-68</td><td>100.0</td><td>65.6</td><td>17.5</td><td>-</td><td>17.5</td><td>48.1</td><td>46.8</td><td>1.3</td><td>9.5</td><td>24.9</td></tr><tr><td>2-1/2% June 1964-69</td><td>100.0</td><td>57.7</td><td>16.3</td><td>-</td><td>16.3</td><td>41.4</td><td>40.3</td><td>1.1</td><td>10.1</td><td>32.2</td></tr><tr><td>2-1/2% September 1967-72</td><td>100.0</td><td>65.6</td><td>44.0</td><td>31.8</td><td>12.2</td><td>21.6</td><td>20.1</td><td>1.5</td><td>10.0</td><td>24.4</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>73.7</td><td>49.3</td><td>37.4</td><td>12.0</td><td>24.3</td><td>22.8</td><td>1.5</td><td>5.0</td><td>21.4</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation 1-1/8% February 1945</td><td>100.0</td><td>83.0</td><td>76.5</td><td>74.5</td><td>2.0</td><td>6.4</td><td>5.2</td><td>1.2</td><td>6.5</td><td>10.6</td></tr><tr><td>Reconstruction Finance Corporation 1% April 1944</td><td>100.0</td><td>81.9</td><td>79.8</td><td>78.5</td><td>1.3</td><td>2.1</td><td>.7</td><td>1.4</td><td>9.1</td><td>8.9</td></tr><tr><td>1% January 1945</td><td>100.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100.0</td><td>-</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>72.8</td><td>69.3</td><td>67.9</td><td>1.4</td><td>3.5</td><td>2.3</td><td>1.2</td><td>18.7</td><td>8.5</td></tr><tr><td>Total subject to Federal income taxes</td><td>100.0</td><td>67.6</td><td>55.5</td><td>49.5</td><td>6.0</td><td>12.0</td><td>10.9</td><td>1.1</td><td>11.7</td><td>20.8</td></tr><tr><td>IV. Grand total</td><td>100.0</td><td>66.7</td><td>54.4</td><td>49.3</td><td>5.1</td><td>12.3</td><td>10.4</td><td>1.8</td><td>11.3</td><td>22.0</td></tr></table>
1/ Less than $500,000 or less than .05%. Public marketable interest-bearing securities include all interest-bearing securities outstanding except (1) special leases to government agencies and trust funds, (2) adjusted service bonds, (3) depository bonds, (4) United States savings bonds, (5) Treasury savings notes and (6) Commodity Credit Corporation demand obligations. Such obligations were held by institutions reporting, as follows: (1) depository bonds: commercial banks, $212 millions; (2) United States savings bonds: commercial banks, $205 millions; mutual savings banks, $107 millions; insurance companies, $140 millions; all institutions, $452 millions; (3) Treasury savings notes: commer-
Excludes Exchange Stabilization Fund. 
Securities the income from which is exempt from the normal rates and the surtax rates of the Federal income tax. 
Securities the income from which is exempt from the normal rates of the Federal income tax. (In the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.) 
Excludes obligations sold directly to the Treasury.
PRICES AND YIELDS OF GOVERNMENT SECURITIES
(Including securities issued by Federal agencies)
- 50 -
51
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 31, 1943
Table I.- Securities Issued or Guaranteed by the United States Government
PART A - TAXABLE BONDS, NOTES, AND CERTIFICATES
<table><tr><th rowspan="2">Amount outstanding (Millions)</th><th rowspan="2">Description</th><th colspan="4">Price date (Price decimals are thirty-seconde)</th><th rowspan="2">Yield date 1/</th><th rowspan="2">Change in yield from July 31, 1943</th><th rowspan="2">Maturity yield</th><th rowspan="2">Date of issue</th><th colspan="4">Price range since first traded 2/ (Price decimals are thirty-seconde)</th><th colspan="4">1943 price range 2/ (Price decimals are thirty-seconde)</th></tr><tr><th>Bid</th><th>Aok</th><th>Mean</th><th>Change in mean from July 31, 1943</th><th>High</th><th>Date</th><th>Low</th><th>Date</th><th>High</th><th>Date</th><th>Low</th><th>Date</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th></th><th>Price</th><th></th><th>Price</th><th></th><th>Price</th></tr></table>
Issued by U. S. Government
<table><tr><td>$1,115</td><td>2%</td><td>3/15/48-50</td><td>102.00</td><td>102.02</td><td>102.01</td><td>-.05</td><td>1.54%</td><td>.03%</td><td>1.67%</td><td>3/15/41</td><td>104.05</td><td>8/2/41</td><td>100.22</td><td>2/25/41</td><td>102.07</td><td>8/10</td><td>102.08</td><td>1/2</td></tr><tr><td>3,062</td><td>1-3/4</td><td>6/15/48</td><td>101.05</td><td>101.07</td><td>101.06</td><td>-.04</td><td>1.49</td><td>.02</td><td>1.51</td><td>12/1/42</td><td>101.12</td><td>8/12/43</td><td>100.01</td><td>12/23/42</td><td>101.12</td><td>8/12</td><td>100.08</td><td>1/4</td></tr><tr><td>1,014</td><td>2</td><td>6/15/49-51</td><td>101.11</td><td>101.13</td><td>101.12</td><td>+.01</td><td>1.75</td><td>-.01</td><td>1.81</td><td>1/15/42</td><td>101.17</td><td>7/15/43</td><td>100.06</td><td>8/5/42</td><td>101.17</td><td>7/15</td><td>100.20</td><td>4/12</td></tr><tr><td>1,292</td><td>2</td><td>9/15/49-51</td><td>101.05</td><td>101.07</td><td>101.06</td><td>.00</td><td>1.79</td><td>.00</td><td>1.84</td><td>5/15/42</td><td>101.13</td><td>7/15/43</td><td>100.04</td><td>10/6/42</td><td>101.13</td><td>7/15</td><td>100.15</td><td>4/7</td></tr><tr><td>2,098</td><td>2</td><td>12/15/49-51</td><td>101.00</td><td>101.02</td><td>101.01</td><td>-.02</td><td>1.83</td><td>.01</td><td>1.87</td><td>7/15/42</td><td>101.12</td><td>7/15/43</td><td>100.03</td><td>8/5/42</td><td>101.12</td><td>7/15</td><td>100.12</td><td>4/14</td></tr><tr><td>1,953</td><td>2</td><td>3/15/50-52</td><td>100.24</td><td>100.26</td><td>100.25</td><td>-.01</td><td>1.87</td><td>.00</td><td>1.90</td><td>10/19/42</td><td>101.06</td><td>7/14/43</td><td>100.01</td><td>11/2/42</td><td>101.06</td><td>7/14</td><td>100.09</td><td>4/14</td></tr><tr><td>4,939</td><td>2</td><td>9/15/50-52</td><td>100.18</td><td>100.20</td><td>100.19</td><td>-.02</td><td>1.91</td><td>.01</td><td>1.93</td><td>4/15/43</td><td>101.00</td><td>7/14/43</td><td>100.08</td><td>5/3/43</td><td>101.00</td><td>7/14</td><td>100.08</td><td>5/3</td></tr><tr><td>510</td><td>2</td><td>12/15/51-55</td><td>100.12</td><td>100.14</td><td>100.13</td><td>-.06</td><td>1.95</td><td>.03</td><td>1.96</td><td>12/15/41</td><td>101.16</td><td>12/5/41</td><td>100.01</td><td>12/5/42</td><td>100.31</td><td>7/3</td><td>100.06</td><td>4/12</td></tr><tr><td>1,024</td><td>2-1/2</td><td>3/15/52-54</td><td>104.02</td><td>104.04</td><td>104.03</td><td>-.10</td><td>1.98</td><td>.04</td><td>2.07</td><td>3/31/41</td><td>106.16</td><td>8/2/41</td><td>101.04</td><td>3/20/41</td><td>104.18</td><td>7/17</td><td>103.20</td><td>1/2</td></tr><tr><td>1,501</td><td>2-1/4</td><td>6/15/52-55</td><td>101.31</td><td>102.01</td><td>102.00</td><td>-.07</td><td>2.00</td><td>.02</td><td>2.06</td><td>2/25/42</td><td>102.14</td><td>7/19/43</td><td>100.16</td><td>2/18/42</td><td>102.14</td><td>7/19</td><td>101.09</td><td>1/2</td></tr><tr><td>1,449</td><td>2-1/2</td><td>3/1/56-58</td><td>104.02</td><td>104.04</td><td>104.03</td><td>-.05</td><td>2.13</td><td>.02</td><td>2.17</td><td>6/2/41</td><td>105.08</td><td>11/5/41</td><td>101.30</td><td>12/26/41</td><td>104.18</td><td>7/6</td><td>103.07</td><td>1/2</td></tr><tr><td>2,118</td><td>2-1/2</td><td>6/15/62-67</td><td>100.16</td><td>100.18</td><td>100.17</td><td>-.11</td><td>2.46</td><td>.02</td><td>2.47</td><td>5/5/42</td><td>101.01</td><td>5/29/43</td><td>100.00</td><td>8/17/42</td><td>101.01</td><td>5/29</td><td>100.09</td><td>4/12</td></tr><tr><td>2,831</td><td>2-1/2</td><td>12/15/63-68</td><td>100.05</td><td>100.07</td><td>100.06</td><td>-.08</td><td>2.49</td><td>.02</td><td>2.49</td><td>12/1/42</td><td>100.26</td><td>6/1/43</td><td>100.01</td><td>12/24/42</td><td>100.26</td><td>6/1</td><td>100.04</td><td>4/28</td></tr><tr><td>3,762</td><td>2-1/2</td><td>6/15/64-69</td><td>100.02</td><td>100.04</td><td>100.03</td><td>-.07</td><td>2.49</td><td>.01</td><td>2.50</td><td>4/15/43</td><td>100.20</td><td>6/2/43</td><td>100.03</td><td>8/31/43</td><td>100.20</td><td>6/2</td><td>100.03</td><td>8/31</td></tr><tr><td>2,716</td><td>2-1/2</td><td>9/15/67-72</td><td>100.26</td><td>100.28</td><td>100.27</td><td>.00</td><td>2.45</td><td>.00</td><td>2.46</td><td>10/20/41</td><td>103.15</td><td>11/5/41</td><td>100.01</td><td>1/2/42</td><td>101.06</td><td>7/6</td><td>100.16</td><td>4/12</td></tr><tr><td>635</td><td>3/4%</td><td>9/15/44</td><td>99.30</td><td>100.00</td><td>99.31</td><td>-.01</td><td>.78</td><td>.03</td><td>-</td><td>1/31/41</td><td>100.21</td><td>9/10/41</td><td>99.11</td><td>12/10/41</td><td>100.03</td><td>6/29</td><td>99.21</td><td>1/2</td></tr><tr><td>1,606</td><td>1-1/4</td><td>3/15/45</td><td>100.15</td><td>100.17</td><td>100.16</td><td>-.02</td><td>.92</td><td>.02</td><td>-</td><td>9/25/42</td><td>100.20</td><td>7/7/43</td><td>100.00</td><td>10/30/42</td><td>100.20</td><td>7/7</td><td>100.04</td><td>1/2</td></tr><tr><td>531</td><td>3/4</td><td>12/15/45</td><td>99.24</td><td>99.26</td><td>99.25</td><td>-.02</td><td>.85</td><td>.03</td><td>-</td><td>12/18/40</td><td>100.18</td><td>9/9/41</td><td>98.28</td><td>10/16/42</td><td>99.29</td><td>8/11</td><td>98.31</td><td>1/2</td></tr><tr><td>503</td><td>1</td><td>3/15/46</td><td>100.00</td><td>100.02</td><td>100.01</td><td>.00</td><td>.99</td><td>.00</td><td>-</td><td>11/1/41</td><td>100.18</td><td>10/25/41</td><td>99.02</td><td>12/29/42</td><td>100.03</td><td>8/11</td><td>99.03</td><td>1/2</td></tr><tr><td>3,261</td><td>1-1/2</td><td>12/15/46</td><td>100.25</td><td>100.27</td><td>100.26</td><td>.00</td><td>1.25</td><td>.00</td><td>-</td><td>6/5/42</td><td>100.29</td><td>8/16/43</td><td>100.01</td><td>1/2/43</td><td>100.29</td><td>8/16</td><td>100.01</td><td>1/2</td></tr><tr><td>2,707</td><td>1-1/2</td><td>9/15/47</td><td>100.17</td><td>100.19</td><td>100.18</td><td>.00</td><td>1.36</td><td>.00</td><td>-</td><td>7/12/43</td><td>100.21</td><td>8/19/43</td><td>100.16</td><td>7/9/43</td><td>100.21</td><td>8/19</td><td>100.16</td><td>7/9</td></tr><tr><td colspan="2">Certificates of</td><td colspan="9">(Quoted on a yield basis)</td><td colspan="9">(Quoted on a yield basis)</td><td colspan="2">(Quoted on a yield basis)</td></tr><tr><td>2,035</td><td>7/8%</td><td>D - 11/1/43</td><td>.43%</td><td>.38%</td><td>.40%</td><td>+.02%</td><td>-</td><td>-</td><td>-</td><td>11/2/42</td><td>.35%</td><td>8/14/43</td><td>.84%</td><td>10/29/42</td><td>.35%</td><td>8/14</td><td>.78%</td><td>1/7</td></tr><tr><td>3,800</td><td>7/8</td><td>E - 12/1/43</td><td>.51%</td><td>.48%</td><td>.50%</td><td>-.02%</td><td>-</td><td>-</td><td>-</td><td>12/1/42</td><td>.48%</td><td>8/18/43</td><td>.86%</td><td>12/26/42</td><td>.48%</td><td>8/18</td><td>.83%</td><td>1/4</td></tr><tr><td>2,211</td><td>7/8</td><td>A - 2/1/44</td><td>.68%</td><td>.66%</td><td>.67%</td><td>+.04%</td><td>-</td><td>-</td><td>-</td><td>2/1/43</td><td>.62%</td><td>8/12/43</td><td>.82%</td><td>1/25/43</td><td>.62%</td><td>8/12</td><td>.82%</td><td>1/25</td></tr><tr><td>5,251</td><td>7/8</td><td>B - 4/1/44</td><td>.76%</td><td>.74%</td><td>.75%</td><td>+.07%</td><td>-</td><td>-</td><td>-</td><td>4/15/43</td><td>.67%</td><td>6/26/43</td><td>.82%</td><td>5/4/43</td><td>.67%</td><td>6/26</td><td>.82%</td><td>5/4</td></tr><tr><td>1,655</td><td>7/8</td><td>C - 5/1/44</td><td>.76%</td><td>.74%</td><td>.75%</td><td>+.07%</td><td>-</td><td>-</td><td>-</td><td>5/1/43</td><td>.67%</td><td>7/6/43</td><td>.82%</td><td>5/4/43</td><td>.67%</td><td>7/6</td><td>.82%</td><td>5/4</td></tr><tr><td>2,545</td><td>7/8</td><td>D - 8/1/44</td><td>.80%</td><td>.78%</td><td>.79%</td><td>+.05%</td><td>-</td><td>-</td><td>-</td><td>8/2/43</td><td>.72%</td><td>8/12/43</td><td>.79%</td><td>8/31/43</td><td>.72%</td><td>8/12</td><td>.79%</td><td>8/31</td></tr></table>
Guaranteed by U. S. Government
<table><tr><td>$412</td><td>Commodity Credit Corp.<br>1-1/8%G - 2/15/45</td><td>100.07</td><td>100.09</td><td>100.08</td><td>-.02</td><td>.95%</td><td>+.03%</td><td>-</td><td>7/21/41</td><td>101.00</td><td>9/2/41</td><td>99.25</td><td>12/27/41</td><td>100.11</td><td>7/8</td><td>99.26</td><td>1/2</td></tr><tr><td>571</td><td>Reconstruction Finance Corporation<br>1% W - 4/15/44</td><td>100.04</td><td>100.05</td><td>100.04</td><td>-.02</td><td>.80</td><td>+.07</td><td>-</td><td>7/3/41</td><td>100.26</td><td>8/5/41</td><td>99.25</td><td>12/27/41</td><td>100.08</td><td>7/1</td><td>100.03</td><td>1/4</td></tr></table>
PART B - TAXABLE TREASURY BILLS
<table><tr><th rowspan="2">Amount out-standing (Millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="4">Discount</th><th rowspan="2">Amount out-standing (Millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="4">Discount</th></tr><tr><th>Bid</th><th>Ask</th><th>Mean</th><th>Change in mean from July 31, 1943</th><th>Bid</th><th>Ask</th><th>Mean</th><th>Change in mean from July 31, 1943</th></tr><tr><td>$ 906</td><td>9/2/43</td><td>6/2/43</td><td>.37%</td><td>.25%</td><td>.31%</td><td>-.03%</td><td>$1,004</td><td>10/21/43</td><td>7/21/43</td><td>.37%</td><td>.30%</td><td>.34%</td><td>-.02%</td></tr><tr><td>909</td><td>9/9/43</td><td>6/9/43</td><td>.37</td><td>.25</td><td>.31</td><td>-.03</td><td>1,003</td><td>10/28/43</td><td>7/28/43</td><td>.37</td><td>.30</td><td>.34</td><td>-.02</td></tr><tr><td>1,000</td><td>9/16/43</td><td>6/16/43</td><td>.37</td><td>.25</td><td>.31</td><td>-.03</td><td>1,006</td><td>11/4/43</td><td>8/4/43</td><td>.37</td><td>.35</td><td>.36</td><td>-</td></tr><tr><td>1,006</td><td>9/23/43</td><td>6/23/43</td><td>.37</td><td>.25</td><td>.31</td><td>-.03</td><td>995</td><td>11/12/43</td><td>8/12/43</td><td>.37</td><td>.35</td><td>.36</td><td>-</td></tr><tr><td>1,006</td><td>9/30/43</td><td>6/30/43</td><td>.37</td><td>.25</td><td>.31</td><td>-.03</td><td>1,005</td><td>11/18/43</td><td>8/19/43</td><td>.37</td><td>.35</td><td>.36</td><td>-</td></tr><tr><td>1,003</td><td>10/7/43</td><td>7/7/43</td><td>.37</td><td>.30</td><td>.34</td><td>-.02</td><td>1,002</td><td>11/26/43</td><td>8/26/43</td><td>.37</td><td>.35</td><td>.36</td><td>-</td></tr><tr><td>1,001</td><td>10/14/43</td><td>7/14/43</td><td>.37</td><td>.30</td><td>.34</td><td>-.02</td><td>8/</td><td>12/2/43</td><td>9/2/43</td><td>.37</td><td>.35</td><td>.36</td><td>-</td></tr></table>
(Continued on following page)
52
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the United States Government and by Federal Agencies August 31, 1943 - (Continued)
Table I.- Securities Issued or Guaranteed by the United States Government - (Continued)
PART C - TAX-EXEMPT BONDS AND NOTES
<table><tr><th rowspan="2">Amount outstanding (Millions)</th><th rowspan="2">Description</th><th colspan="4">Price date (Price decimals are thirty-seconde)</th><th rowspan="2">Yield date 1/</th><th rowspan="2">Change in yield from July 31, 1943</th><th rowspan="2">Maturity yield</th><th rowspan="2">Date of issue</th><th colspan="4">Price range since first traded 2/ (Price decimals are thirty-seconde)</th><th colspan="4">1943 price range 2/ (Price decimals are thirty-seconde)</th></tr><tr><th>Bid</th><th>Ask</th><th>Mean</th><th>Change in mean from July 31, 1943</th><th>High</th><th>Low</th><th>High</th><th>Low</th><th>High</th><th>Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Yield 3/</th><th>July 31, 1943</th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr></table>
Issued by U. S. Government
<table><tr><td>$1,401</td><td>3-1/4</td><td>10/15/43-45 9/</td><td>100.13</td><td>100.14</td><td>100.14</td><td>-.06</td><td>1/32</td><td>+.03</td><td>2.59</td><td>4/16/34</td><td>111.07</td><td>6/5/39</td><td>97.29</td><td>1/10/34</td><td>102.00</td><td>1/12</td><td>100.14</td><td>8/31</td></tr><tr><td>1,519</td><td>3-1/4</td><td>4/15/44-46</td><td>101.20</td><td>101.21</td><td>101.21</td><td>-.09</td><td>.57</td><td>+.09</td><td>3.54</td><td>12/15/24</td><td>116.19</td><td>6/22/39</td><td>94.06</td><td>1/11/32</td><td>106.05</td><td>1/5</td><td>104.08</td><td>8/31</td></tr><tr><td>1,037</td><td>4</td><td>12/15/44-54</td><td>104.07</td><td>104.09</td><td>104.08</td><td>-.11</td><td>.68</td><td>+.06</td><td>1.73</td><td>9/16/35</td><td>110.12</td><td>12/12/40</td><td>99.27</td><td>9/17/35</td><td>104.26</td><td>2/13</td><td>103.31</td><td>8/31</td></tr><tr><td>1,214</td><td>2-3/4</td><td>9/15/45-47</td><td>103.30</td><td>104.00</td><td>103.31</td><td>-.09</td><td>.78</td><td>+.05</td><td>-</td><td>12/15/37</td><td>109.24</td><td>12/14/40</td><td>101.31</td><td>12/15/37</td><td>104.18</td><td>2/17</td><td>103.29</td><td>8/31</td></tr><tr><td>541</td><td>2-1/2</td><td>12/15/45</td><td>103.28</td><td>103.30</td><td>103.29</td><td>-.11</td><td>.77</td><td>+.08</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>489</td><td>3-3/4</td><td>3/15/46-56</td><td>107.09</td><td>107.11</td><td>107.10</td><td>-.08</td><td>.83</td><td>.00</td><td>3.04</td><td>3/15/26</td><td>116.14</td><td>12/14/40</td><td>89.18</td><td>1/12/32</td><td>108.17</td><td>2/2</td><td>107.10</td><td>8/31</td></tr><tr><td>1,036</td><td>3</td><td>6/15/46-48</td><td>105.27</td><td>105.29</td><td>105.28</td><td>-.04</td><td>.86</td><td>-.02</td><td>1.72</td><td>6/15/31</td><td>112.28</td><td>12/16/40</td><td>97.28</td><td>9/17/34</td><td>106.21</td><td>1/11</td><td>105.28</td><td>8/31</td></tr><tr><td>819</td><td>3-1/8</td><td>6/15/46-49</td><td>106.03</td><td>106.05</td><td>106.04</td><td>-.06</td><td>.89</td><td>.00</td><td>2.00</td><td>6/15/31</td><td>113.19</td><td>12/14/40</td><td>83.05</td><td>1/11/32</td><td>107.01</td><td>1/14</td><td>106.04</td><td>8/31</td></tr><tr><td>759</td><td>4-1/4</td><td>10/15/47-52</td><td>112.31</td><td>113.01</td><td>113.00</td><td>-.10</td><td>1.02</td><td>+.01</td><td>2.04</td><td>10/16/22</td><td>122.22</td><td>12/14/40</td><td>98.18</td><td>10/8/23</td><td>114.01</td><td>2/3</td><td>113.00</td><td>8/31</td></tr><tr><td>701</td><td>2</td><td>12/15/47</td><td>104.08</td><td>104.10</td><td>104.09</td><td>-.01</td><td>.98</td><td>-.01</td><td>-</td><td>12/15/38</td><td>107.20</td><td>12/12/40</td><td>99.14</td><td>9/25/39</td><td>104.17</td><td>6/29</td><td>103.30</td><td>4/13</td></tr><tr><td>1,223</td><td>2-3/4</td><td>3/15/48-51</td><td>107.07</td><td>107.09</td><td>107.08</td><td>-.06</td><td>1.11</td><td>+.02</td><td>1.72</td><td>3/16/36</td><td>111.18</td><td>12/12/40</td><td>99.10</td><td>4/1/37</td><td>107.19</td><td>7/7</td><td>106.27</td><td>4/14</td></tr><tr><td>451</td><td>2-1/2</td><td>9/15/48</td><td>107.00</td><td>107.02</td><td>107.01</td><td>-.05</td><td>1.06</td><td>+.01</td><td>-</td><td>3/15/38</td><td>111.01</td><td>12/12/40</td><td>100.30</td><td>4/2/38</td><td>107.09</td><td>7/26</td><td>106.11</td><td>4/12</td></tr><tr><td>571</td><td>2</td><td>12/15/48-50</td><td>104.20</td><td>104.22</td><td>104.21</td><td>-.02</td><td>1.09</td><td>.00</td><td>1.33</td><td>12/8/39</td><td>107.00</td><td>12/12/40</td><td>101.10</td><td>5/24/40</td><td>104.27</td><td>7/12</td><td>103.20</td><td>1/2</td></tr><tr><td>491</td><td>3-1/8</td><td>12/15/49-52</td><td>110.23</td><td>110.25</td><td>110.24</td><td>-.11</td><td>1.34</td><td>+.04</td><td>1.86</td><td>12/15/34</td><td>115.04</td><td>12/12/40</td><td>101.07</td><td>12/15/34</td><td>111.14</td><td>7/6</td><td>110.06</td><td>3/30</td></tr><tr><td>1,786</td><td>2-1/2</td><td>12/15/49-53</td><td>106.23</td><td>106.25</td><td>106.24</td><td>-.10</td><td>1.38</td><td>+.04</td><td>1.78</td><td>12/15/36</td><td>108.28</td><td>12/10/40</td><td>96.19</td><td>4/8/37</td><td>107.14</td><td>7/6</td><td>105.30</td><td>1/2</td></tr><tr><td>1,186</td><td>2-1/2</td><td>9/15/50-52</td><td>107.09</td><td>107.11</td><td>107.10</td><td>-.13</td><td>1.41</td><td>+.05</td><td>1.63</td><td>9/15/38</td><td>108.30</td><td>12/10/40</td><td>99.15</td><td>9/25/39</td><td>108.02</td><td>7/6</td><td>106.09</td><td>1/25</td></tr><tr><td>1,627</td><td>2-3/4</td><td>6/15/51-54</td><td>109.17</td><td>109.19</td><td>109.18</td><td>-.12</td><td>1.45</td><td>+.04</td><td>1.77</td><td>6/15/36</td><td>110.26</td><td>11/12/41</td><td>98.16</td><td>4/1/37</td><td>110.07</td><td>7/6</td><td>107.30</td><td>1/2</td></tr><tr><td>755</td><td>3</td><td>9/15/51-55</td><td>111.17</td><td>111.19</td><td>111.18</td><td>-.13</td><td>1.47</td><td>+.04</td><td>1.92</td><td>9/15/31</td><td>113.24</td><td>12/30/41</td><td>82.08</td><td>1/11/32</td><td>112.07</td><td>7/6</td><td>110.01</td><td>1/2</td></tr><tr><td>1,118</td><td>2-1/4</td><td>12/15/51-53</td><td>106.16</td><td>106.18</td><td>106.17</td><td>-.08</td><td>1.41</td><td>+.02</td><td>1.56</td><td>12/22/39</td><td>107.01</td><td>11/22/41</td><td>101.08</td><td>5/24/40</td><td>107.00</td><td>7/6</td><td>104.20</td><td>1/2</td></tr><tr><td>725</td><td>2</td><td>6/15/53-55</td><td>105.06</td><td>105.08</td><td>105.07</td><td>-.02</td><td>1.43</td><td>+.01</td><td>1.52</td><td>10/7/40</td><td>105.16</td><td>7/6/43</td><td>101.19</td><td>2/15/41</td><td>105.16</td><td>7/6</td><td>103.05</td><td>1/2</td></tr><tr><td>681</td><td>2-1/4</td><td>6/15/54-56</td><td>106.30</td><td>107.00</td><td>106.31</td><td>-.01</td><td>1.55</td><td>.00</td><td>1.64</td><td>7/22/40</td><td>107.12</td><td>7/6/43</td><td>102.02</td><td>7/24/40</td><td>107.12</td><td>7/6</td><td>104.23</td><td>1/2</td></tr><tr><td>2,611</td><td>2-7/8</td><td>3/15/55-60</td><td>112.04</td><td>112.06</td><td>112.05</td><td>+.04</td><td>1.71</td><td>-.02</td><td>2.01</td><td>3/15/35</td><td>112.28</td><td>7/6/43</td><td>98.30</td><td>9/20/35</td><td>112.28</td><td>7/6</td><td>109.04</td><td>1/2</td></tr><tr><td>982</td><td>2-3/4</td><td>9/15/56-59 10</td><td>111.30</td><td>112.00</td><td>111.31</td><td>+.05</td><td>1.72</td><td>-.02</td><td>1.88</td><td>9/15/36</td><td>112.13</td><td>7/6/43</td><td>98.10</td><td>4/1/37</td><td>112.13</td><td>7/6</td><td>108.12</td><td>1/2</td></tr><tr><td>919</td><td>2-3/4</td><td>6/15/58-63 10</td><td>111.26</td><td>111.28</td><td>111.27</td><td>+.01</td><td>1.83</td><td>-.01</td><td>2.02</td><td>6/15/38</td><td>112.13</td><td>7/6/43</td><td>99.15</td><td>9/25/39</td><td>112.13</td><td>7/6</td><td>108.13</td><td>3/24</td></tr><tr><td>1,485</td><td>2-3/4</td><td>12/15/60-65 10</td><td>112.04</td><td>112.06</td><td>112.05</td><td>+.04</td><td>1.92</td><td>-.01</td><td>2.07</td><td>12/15/38</td><td>112.28</td><td>7/6/43</td><td>99.14</td><td>9/25/39</td><td>112.28</td><td>7/6</td><td>108.26</td><td>3/24</td></tr><tr><td colspan="17">Other bonds 11/</td></tr><tr><td>16</td><td>3 3/4</td><td>Coa. reion - 1/1/46</td><td>105.20</td><td>106.00</td><td>105.26</td><td>-.12</td><td>.49</td><td>+.07</td><td>-</td><td>1/1/16</td><td>115.00</td><td>1935</td><td>75.00</td><td>1920</td><td>107.08</td><td>1/11</td><td>105.26</td><td>8/31</td></tr><tr><td>13</td><td>3</td><td>Coa. reion - 1/1/47</td><td>107.20</td><td>108.04</td><td>107.28</td><td>-.08</td><td>.61</td><td>+.02</td><td>-</td><td>1/1/17</td><td>-</td><td>8/31/43</td><td>75.00</td><td>6/18/21</td><td>109.00</td><td>1/11</td><td>107.28</td><td>8/31</td></tr><tr><td>50</td><td>3</td><td>Panama Canal - 6/1/61</td><td>128.16</td><td>130.00</td><td>129.08</td><td>.00</td><td>1.17</td><td>-.01</td><td>-</td><td>6/1/11</td><td>129.08</td><td>8/31/43</td><td>75.00</td><td>6/18/21</td><td>129.08</td><td>8/31</td><td>127.30</td><td>1/11</td></tr><tr><td colspan="17">Treasury notes</td></tr><tr><td>279</td><td>1%</td><td>C - 9/15/43</td><td>100.00</td><td>100.01</td><td>100.00</td><td>-.03</td><td>1.00</td><td>+.79</td><td>-</td><td>6/15/40</td><td>102.15</td><td>11/8/40</td><td>100.00</td><td>8/31/43</td><td>100.15</td><td>1/7</td><td>100.00</td><td>8/31</td></tr><tr><td>421</td><td>1-1/8</td><td>B - 12/15/43</td><td>100.07</td><td>100.08</td><td>100.08</td><td>-.02</td><td>.25</td><td>-.03</td><td>-</td><td>12/15/38</td><td>103.08</td><td>4/2/40</td><td>98.30</td><td>9/6/39</td><td>100.24</td><td>2/10</td><td>100.08</td><td>8/31</td></tr><tr><td>515</td><td>1</td><td>B - 3/15/44</td><td>100.11</td><td>100.13</td><td>100.12</td><td>-.02</td><td>.30</td><td>+.01</td><td>-</td><td>11/1/39</td><td>102.15</td><td>11/9/40</td><td>100.12</td><td>8/31/43</td><td>100.24</td><td>2/5</td><td>100.12</td><td>8/31</td></tr><tr><td>416</td><td>3/4</td><td>A - 6/15/44</td><td>100.10</td><td>100.12</td><td>100.11</td><td>-.01</td><td>.32</td><td>-.01</td><td>-</td><td>6/15/39</td><td>101.15</td><td>9/27/41</td><td>97.16</td><td>9/6/39</td><td>100.17</td><td>2/15</td><td>100.11</td><td>8/31</td></tr><tr><td>283</td><td>1</td><td>C - 9/15/44</td><td>100.23</td><td>100.25</td><td>100.24</td><td>-.04</td><td>.28</td><td>+.06</td><td>-</td><td>12/22/39</td><td>102.16</td><td>12/9/40</td><td>100.10</td><td>6/11/40</td><td>100.31</td><td>7/6</td><td>100.24</td><td>8/31</td></tr><tr><td>718</td><td>3/4</td><td>A - 3/15/45</td><td>100.20</td><td>100.22</td><td>100.21</td><td>-.02</td><td>.32</td><td>+.02</td><td>-</td><td>3/15/40</td><td>101.16</td><td>8/6/41</td><td>98.26</td><td>6/10/40</td><td>100.25</td><td>7/15</td><td>100.16</td><td>1/2</td></tr></table>
Guaranteed by U. S. Government
<table><tr><td>$ 95</td><td colspan="2">Federal Farm Mortgage Corp.</td><td>3-1/4%</td><td>- 3/15/44-64</td><td>101.13</td><td>101.14</td><td>101.14</td><td>-.08</td><td>.57%</td><td>+ .05%</td><td>3.15%</td><td>3/15/34</td><td>110.07</td><td>6/8/39</td><td>98.02</td><td>9/18/34</td><td>103.02</td><td>1/5</td><td>101.14</td><td>8/31</td></tr><tr><td>835</td><td>3</td><td>- 5/15/44-49</td><td>101.21</td><td>101.22</td><td>101.22</td><td>-.08</td><td>.59</td><td>+ .07</td><td>2.68</td><td>5/15/34</td><td>109.22</td><td>6/5/39</td><td>95.03</td><td>9/12/34</td><td>103.04</td><td>1/5</td><td>101.22</td><td>8/31</td></tr><tr><td>779</td><td colspan="2">Home Owners' Loan Corp.</td><td>3%</td><td>A- 5/17/44-52</td><td>101.18</td><td>101.19</td><td>101.18</td><td>-.09</td><td>.64</td><td>+ .12</td><td>2.80</td><td>5/1/34</td><td>109.18</td><td>6/6/39</td><td>95.03</td><td>9/12/34</td><td>103.01</td><td>1/5</td><td>101.18</td><td>8/31</td></tr><tr><td>755</td><td>1-1/2</td><td>M- 6/1/45-47</td><td>101.08</td><td>101.10</td><td>101.09</td><td>-.03</td><td>.76</td><td>+ .02</td><td>1.15</td><td>6/1/39</td><td>103.26</td><td>12/13/40</td><td>96.24</td><td>9/25/39</td><td>101.16</td><td>7/3</td><td>101.04</td><td>4/17</td></tr><tr><td>114</td><td colspan="2">Federal Public Housing Authority</td><td>1-3/8%</td><td>B- 2/1/44</td><td>100.10</td><td>100.12</td><td>100.11</td><td>-.02</td><td>.55</td><td>-.01</td><td>-</td><td>2/1/39</td><td>103.02</td><td>12/14/40</td><td>99.07</td><td>9/25/39</td><td>100.24</td><td>2/13</td><td>100.11</td><td>8/31</td></tr></table>
1/ When the price of a security is such as to result in a negative yield, the excess of price over zero yield is given in the yield column in thirty-seconde.
2/ Prices represent the mean of closing bid and ask quotations in the over-the-counter market except that prices of Treasury, Federal Farm Mortgage Corporation, and Home Owners' Loan Corporation bonds for the period prior to October 1, 1939 represent closing prices on the New York Stock Exchange. "When issued" prices are included beginning October 1, 1939. Dates of highs and lows, in case of recurrence, are the latest dates.
3/ Computed on mean price to call date when mean price is above par and to maturity date when mean price is below par.
4/ Included in average of long-term taxable Treasury bonds shown later
5/ In this chapter. Security is not transferable to commercial banks until ten years after issue date.
6/ Quoted on yield basis since November 12, 1942; prior price quotations have been converted to yields for back figures.
7/ Excludes Federal Housing Administration debentures and issues held entirely by government agencies.
8/ This security was issued in the amount of $1,002 millions on September 2, 1943.
9/ Called on June 7, 1943 for redemption on October 15, 1943.
10/ Included in average of long-term partially tax-exempt Treasury bonds shown later in this chapter.
11/ Excludes postal savings bonds.
53
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the United States Government and by Federal Agencies August 31, 1943 - (Continued)
Table II. - Securities Issued by Federal Agencies but not Guaranteed by the United States
PART A - ISSUES QUOTED ON A PRICE BASIS
<table><tr><th rowspan="2">Amount outstanding (Millions)</th><th rowspan="2">Description</th><th colspan="3">Price data (Price decimals are thirty-eccode)</th><th colspan="3">Yield data 1/</th><th rowspan="2">Date of issue</th><th colspan="4">Price range since first traded 2/ (Price decimals are thirty-eccode)</th><th colspan="4">1943 price range 2/ (Price decimals are thirty-eccode)</th></tr><tr><th>Bid</th><th>Aek</th><th>Mean</th><th>Change in mean from July 31, 1943</th><th>Yield 3/</th><th>Change in yield from July 31, 1943</th><th>High Price</th><th>Date</th><th>Low Price</th><th>Date</th><th>High Price</th><th>Date</th><th>Low Price</th><th>Date</th></tr><tr><td colspan="17">Federal Land Banks 4/</td></tr><tr><td>$125</td><td>4% - 7/1/44-46</td><td>103.00</td><td>103.06</td><td>103.03</td><td>-.08</td><td>.27$</td><td>-.05$</td><td>2.85$</td><td>7/1/34</td><td>114.04</td><td>6/5/39</td><td>94.12</td><td>9/18/34</td><td>104.28</td><td>1/4</td><td>103.03</td><td>8/31</td></tr><tr><td>71</td><td>4 - 7/15/44-04</td><td>103.02</td><td>103.08</td><td>103.05</td><td>-.10</td><td>.36</td><td>.02</td><td>3.78</td><td>7/15/34</td><td>112.02</td><td>12/10/40</td><td>103.05</td><td>8/31/43</td><td>104.28</td><td>1/5</td><td>103.05</td><td>8/31</td></tr><tr><td>157</td><td>3-1/4 - 5/1/45-55</td><td>104.08</td><td>104.16</td><td>104.12</td><td>-.13</td><td>.60</td><td>.11</td><td>2.81</td><td>5/1/35</td><td>111.12</td><td>12/10/40</td><td>99.28</td><td>10/2/35</td><td>105.22</td><td>1/11</td><td>104.12</td><td>8/31</td></tr><tr><td>230</td><td>3 - 7/1/45-55</td><td>104.08</td><td>104.16</td><td>104.12</td><td>-.12</td><td>.59</td><td>.09</td><td>2.57</td><td>7/1/35</td><td>110.12</td><td>12/10/40</td><td>97.24</td><td>10/2/35</td><td>105.16</td><td>2/16</td><td>104.12</td><td>8/31</td></tr><tr><td>171</td><td>3 - 1/1/46-56</td><td>105.18</td><td>105.24</td><td>105.21</td><td>-.11</td><td>.55</td><td>.06</td><td>2.47</td><td>1/1/36</td><td>111.12</td><td>12/10/40</td><td>98.08</td><td>2/13/36</td><td>106.24</td><td>1/6</td><td>105.21</td><td>8/31</td></tr><tr><td>170</td><td>3 - 5/1/46-56</td><td>106.10</td><td>106.16</td><td>106.13</td><td>-.13</td><td>.57</td><td>.07</td><td>2.41</td><td>5/1/36</td><td>111.22</td><td>12/10/40</td><td>98.30</td><td>4/8/37</td><td>107.18</td><td>1/11</td><td>106.13</td><td>8/31</td></tr></table>
PART B - ISSUES QUOTED ON A YIELD BASIS
<table><tr><th>Amount outstanding (Milliooe)</th><th>Description</th><th>Date of issue</th><th colspan="4">Yield</th></tr><tr><th></th><th></th><th></th><th>Bid</th><th>Ask</th><th>Mean</th><th>Change in mean from July 31, 1943</th></tr><tr><td rowspan="2">$35</td><td>Federal Home Loan Banks 5/3/4% N - 10/1/43</td><td>4/1/43</td><td>.75%</td><td>.60%</td><td>.68%</td><td>.00%</td></tr><tr><td>Federal Intermediate Credit Banke 5/</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>31</td><td>.80% - 9/1/43</td><td>12/1/42</td><td>.50</td><td>-</td><td>.50</td><td>-.05</td></tr><tr><td>30</td><td>.80 - 10/1/43</td><td>1/2/43</td><td>.50</td><td>-</td><td>.50</td><td>-.10</td></tr><tr><td>27</td><td>.85 - 11/1/43</td><td>2/1/43</td><td>.55</td><td>-</td><td>.55</td><td>-.10</td></tr><tr><td>19</td><td>3/4 - 11/1/43</td><td>5/1/43</td><td>.55</td><td>-</td><td>.55</td><td>-.10</td></tr><tr><td>20</td><td>.80 - 12/1/43</td><td>3/1/43</td><td>.60</td><td>-</td><td>.60</td><td>-.10</td></tr><tr><td>22</td><td>3/4 - 12/1/43</td><td>6/1/43</td><td>.60</td><td>-</td><td>.60</td><td>-.10</td></tr><tr><td>20</td><td>.85 - 1/3/44</td><td>4/1/43</td><td>.65</td><td>-</td><td>.65</td><td>-.10</td></tr><tr><td>19</td><td>3/4 - 1/3/44</td><td>7/1/43</td><td>.65</td><td>-</td><td>.65</td><td>-.10</td></tr><tr><td>22</td><td>.85 - 2/1/44</td><td>5/1/43</td><td>.70</td><td>-</td><td>.70</td><td>-.05</td></tr><tr><td>11</td><td>.70 - 2/1/44</td><td>8/2/43</td><td>.70</td><td>-</td><td>.70</td><td>-</td></tr><tr><td>26</td><td>.85 - 3/1/44</td><td>6/1/43</td><td>.75</td><td>-</td><td>.75</td><td>-.05</td></tr><tr><td>25</td><td>.80 - 4/1/44</td><td>7/1/43</td><td>.75</td><td>-</td><td>.75</td><td>-.05</td></tr><tr><td>24</td><td>.80 - 5/1/44</td><td>8/2/43</td><td>.80</td><td>-</td><td>.80</td><td>-</td></tr></table>
1/ When the price of a security is such as to result in a negative yield, the excess of price over zero yield is given in the yield columns in thirty-seconde.
2/ Prices represent the mean of closing bid and ask quotations in the over-the-counter market. "When issued" prices are included beginning November 1, 1941. Dates of highs and lows, in case of recurrence, are the latest dates.
3/ Computed on mean price to call date when mean price is above par and to maturity date when mean price is below par.
4/ Excludes issues completely held by Farm Credit Administration agencies.
5/ Taxable issues.
54
YIELDS OF TREASURY SECURITIES
AUG. 31, 1943
Based on Mean of Closing Bid and Asked Quotations
Explanation: The points represent yields to call date when prices are above par, and to maturity date when prices are at par or below. The smooth curves for the various classes of points are fitted by eye. Issues for which an exchange offer has been made or which are due or callable in less than 3 months are excluded.
55
Average Yields of Long-Term Treasury and Corporate Bonds
(Percat)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 2/</th><th>High-grade corporate bonds 3/</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 2/</th><th>High-grade corporate bonds 3/</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 2/</th><th>High-grade corporate bonds 3/</th></tr><tr><td colspan="11">Monthly Series 4/</td></tr><tr><td>1935-Jan............</td><td>2.88</td><td>-</td><td>3.60</td><td>1938-Jan............</td><td>2.65</td><td>-</td><td>3.17</td><td>1941-Jan............</td><td>1.99</td><td>-</td><td>2.57</td></tr><tr><td>Feb............</td><td>2.79</td><td>-</td><td>3.52</td><td>Feb............</td><td>2.64</td><td>-</td><td>3.15</td><td>Feb............</td><td>2.10</td><td>-</td><td>2.71</td></tr><tr><td>Mar............</td><td>2.77</td><td>-</td><td>3.49</td><td>Mar............</td><td>2.64</td><td>-</td><td>3.16</td><td>Mar............</td><td>2.01</td><td>-</td><td>2.73</td></tr><tr><td>Apr............</td><td>2.74</td><td>-</td><td>3.47</td><td>Apr............</td><td>2.62</td><td>-</td><td>3.25</td><td>Apr............</td><td>1.96</td><td>-</td><td>2.76</td></tr><tr><td>May............</td><td>2.72</td><td>-</td><td>3.48</td><td>May............</td><td>2.51</td><td>-</td><td>3.14</td><td>May............</td><td>1.92</td><td>-</td><td>2.75</td></tr><tr><td>June............</td><td>2.72</td><td>-</td><td>3.43</td><td>June............</td><td>2.52</td><td>-</td><td>3.15</td><td>June............</td><td>1.91</td><td>-</td><td>2.70</td></tr><tr><td>July............</td><td>2.69</td><td>-</td><td>3.35</td><td>July............</td><td>2.52</td><td>-</td><td>3.12</td><td>July............</td><td>1.90</td><td>-</td><td>2.66</td></tr><tr><td>Aug............</td><td>2.76</td><td>-</td><td>3.44</td><td>Aug............</td><td>2.51</td><td>-</td><td>3.10</td><td>Aug............</td><td>1.94</td><td>-</td><td>2.65</td></tr><tr><td>Sept............</td><td>2.85</td><td>-</td><td>3.47</td><td>Sept............</td><td>2.58</td><td>-</td><td>3.12</td><td>Sept............</td><td>1.94</td><td>-</td><td>2.64</td></tr><tr><td>Oct............</td><td>2.85</td><td>-</td><td>3.46</td><td>Oct............</td><td>2.48</td><td>-</td><td>3.06</td><td>Oct............</td><td>1.88</td><td>2.23</td><td>2.61</td></tr><tr><td>Nov............</td><td>2.83</td><td>-</td><td>3.41</td><td>Nov............</td><td>2.50</td><td>-</td><td>3.04</td><td>Nov............</td><td>1.85</td><td>2.22</td><td>2.57</td></tr><tr><td>Dec............</td><td>2.83</td><td>-</td><td>3.39</td><td>Dec............</td><td>2.49</td><td>-</td><td>3.02</td><td>Dec............</td><td>1.96</td><td>2.37</td><td>2.68</td></tr><tr><td>1936-Jan............</td><td>2.80</td><td>-</td><td>3.32</td><td>1939-Jan............</td><td>2.47</td><td>-</td><td>2.96</td><td>1942-Jan............</td><td>2.01</td><td>2.37</td><td>2.76</td></tr><tr><td>Feb............</td><td>2.77</td><td>-</td><td>3.26</td><td>Feb............</td><td>2.44</td><td>-</td><td>2.90</td><td>Feb............</td><td>2.09</td><td>2.39</td><td>2.80</td></tr><tr><td>Mar............</td><td>2.71</td><td>-</td><td>3.24</td><td>Mar............</td><td>2.34</td><td>-</td><td>2.87</td><td>Mar............</td><td>2.00</td><td>2.35</td><td>2.80</td></tr><tr><td>Apr............</td><td>2.68</td><td>-</td><td>3.24</td><td>Apr............</td><td>2.30</td><td>-</td><td>2.92</td><td>Apr............</td><td>1.98</td><td>2.34</td><td>2.77</td></tr><tr><td>May............</td><td>2.66</td><td>-</td><td>3.22</td><td>May............</td><td>2.17</td><td>-</td><td>2.86</td><td>May............</td><td>1.97</td><td>2.35</td><td>2.76</td></tr><tr><td>June............</td><td>2.66</td><td>-</td><td>3.19</td><td>June............</td><td>2.13</td><td>-</td><td>2.78</td><td>June............</td><td>1.97</td><td>2.33</td><td>2.75</td></tr><tr><td>July............</td><td>2.65</td><td>-</td><td>3.18</td><td>July............</td><td>2.16</td><td>-</td><td>2.76</td><td>July............</td><td>2.00</td><td>2.34</td><td>2.74</td></tr><tr><td>Aug............</td><td>2.61</td><td>-</td><td>3.18</td><td>Aug............</td><td>2.21</td><td>-</td><td>2.79</td><td>Aug............</td><td>2.02</td><td>2.34</td><td>2.73</td></tr><tr><td>Sept............</td><td>2.60</td><td>-</td><td>3.15</td><td>Sept............</td><td>2.65</td><td>-</td><td>3.29</td><td>Sept............</td><td>2.03</td><td>2.34</td><td>2.73</td></tr><tr><td>Oct............</td><td>2.62</td><td>-</td><td>3.14</td><td>Oct............</td><td>2.60</td><td>-</td><td>3.14</td><td>Oct............</td><td>2.05</td><td>2.33</td><td>2.72</td></tr><tr><td>Nov............</td><td>2.53</td><td>-</td><td>3.11</td><td>Nov............</td><td>2.46</td><td>-</td><td>2.93</td><td>Nov............</td><td>2.06</td><td>2.34</td><td>2.71</td></tr><tr><td>Dec............</td><td>2.51</td><td>-</td><td>3.07</td><td>Dec............</td><td>2.35</td><td>-</td><td>2.86</td><td>Dec............</td><td>2.09</td><td>2.36</td><td>2.72</td></tr><tr><td>1937-Jan............</td><td>2.47</td><td>-</td><td>3.09</td><td>1940-Jan............</td><td>2.30</td><td>-</td><td>2.81</td><td>1943-Jan............</td><td>2.06</td><td>2.32</td><td>2.70</td></tr><tr><td>Feb............</td><td>2.46</td><td>-</td><td>3.24</td><td>Feb............</td><td>2.32</td><td>-</td><td>2.79</td><td>Feb............</td><td>2.06</td><td>2.32</td><td>2.68</td></tr><tr><td>Mar............</td><td>2.60</td><td>-</td><td>3.36</td><td>Mar............</td><td>2.25</td><td>-</td><td>2.77</td><td>Mar............</td><td>2.08</td><td>2.33</td><td>2.70</td></tr><tr><td>Apr............</td><td>2.80</td><td>-</td><td>3.43</td><td>Apr............</td><td>2.25</td><td>-</td><td>2.74</td><td>Apr............</td><td>2.02</td><td>2.32</td><td>2.68</td></tr><tr><td>May............</td><td>2.76</td><td>-</td><td>3.36</td><td>May............</td><td>2.38</td><td>-</td><td>2.87</td><td>May............</td><td>1.92</td><td>2.30</td><td>2.65</td></tr><tr><td>June............</td><td>2.76</td><td>-</td><td>3.31</td><td>June............</td><td>2.39</td><td>-</td><td>2.93</td><td>June............</td><td>1.85</td><td>2.29</td><td>2.63</td></tr><tr><td>July............</td><td>2.72</td><td>-</td><td>3.27</td><td>July............</td><td>2.28</td><td>-</td><td>2.85</td><td>July............</td><td>1.82</td><td>2.27</td><td>2.58</td></tr><tr><td>Aug............</td><td>2.72</td><td>-</td><td>3.25</td><td>Aug............</td><td>2.25</td><td>-</td><td>2.80</td><td>Aug............</td><td>1.83</td><td>2.28</td><td>2.57</td></tr><tr><td>Sept............</td><td>2.77</td><td>-</td><td>3.26</td><td>Sept............</td><td>2.18</td><td>-</td><td>2.71</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct............</td><td>2.76</td><td>-</td><td>3.26</td><td>Oct............</td><td>2.10</td><td>-</td><td>2.70</td><td></td><td></td><td></td><td></td></tr><tr><td>Nov............</td><td>2.71</td><td>-</td><td>3.22</td><td>Nov............</td><td>1.97</td><td>-</td><td>2.65</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec............</td><td>2.67</td><td>-</td><td>3.17</td><td>Dec............</td><td>1.89</td><td>-</td><td>2.59</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="11">Weekly Series - Saturday Figures 5/</td></tr><tr><td>1943-Mar. 6.....</td><td>2.06</td><td>2.33</td><td>2.71</td><td>1943-May 1.....</td><td>1.98</td><td>2.31</td><td>2.67</td><td>1943-July 3.....</td><td>1.80</td><td>2.26</td><td>2.61</td></tr><tr><td>13.....</td><td>2.07</td><td>2.33</td><td>2.70</td><td>8.....</td><td>1.93</td><td>2.30</td><td>2.67</td><td>10.....</td><td>1.80</td><td>2.26</td><td>2.57</td></tr><tr><td>20.....</td><td>2.09 6/</td><td>2.33</td><td>2.70</td><td>15.....</td><td>1.91</td><td>2.30</td><td>2.64</td><td>17.....</td><td>1.82</td><td>2.27</td><td>2.57</td></tr><tr><td>27.....</td><td>2.08</td><td>2.33</td><td>2.68</td><td>22.....</td><td>1.90</td><td>2.29</td><td>2.65</td><td>24.....</td><td>1.82</td><td>2.27</td><td>2.56</td></tr><tr><td>Apr. 3.....</td><td>2.05</td><td>2.32</td><td>2.69</td><td>29.....</td><td>1.87</td><td>2.29</td><td>2.65</td><td>31.....</td><td>1.84</td><td>2.28</td><td>2.57</td></tr><tr><td>10.....</td><td>2.05</td><td>2.32</td><td>2.69</td><td>June 5.....</td><td>1.86</td><td>2.29</td><td>2.65</td><td>Aug. 7.....</td><td>1.84</td><td>2.28</td><td>2.55</td></tr><tr><td>17.....</td><td>2.00</td><td>2.32</td><td>2.68</td><td>12.....</td><td>1.86</td><td>2.30</td><td>2.63</td><td>14.....</td><td>1.83</td><td>2.28</td><td>2.57</td></tr><tr><td>24.....</td><td>1.99</td><td>2.31</td><td>2.68</td><td>19.....</td><td>1.85</td><td>2.28</td><td>2.62</td><td>21.....</td><td>1.83</td><td>2.28</td><td>2.59</td></tr><tr><td></td><td></td><td></td><td></td><td>26.....</td><td>1.82</td><td>2.28</td><td>2.61</td><td>28.....</td><td>1.82</td><td>2.28</td><td>2.58</td></tr><tr><td colspan="11">Daily Series</td></tr><tr><td>1943-Aug. 2.....</td><td>1.84</td><td>2.28</td><td>2.57</td><td>1943-Aug. 12.....</td><td>1.83</td><td>2.28</td><td>2.57</td><td>1943-Aug. 23.....</td><td>1.83</td><td>2.28</td><td>2.58</td></tr><tr><td>3.....</td><td>1.84</td><td>2.28</td><td>2.57</td><td>13.....</td><td>1.83</td><td>2.28</td><td>2.57</td><td>24.....</td><td>1.83</td><td>2.28</td><td>2.59</td></tr><tr><td>4.....</td><td>1.84</td><td>2.28</td><td>2.56</td><td>14.....</td><td>1.83</td><td>2.28</td><td>2.57</td><td>25.....</td><td>1.83</td><td>2.28</td><td>2.58</td></tr><tr><td>5.....</td><td>1.84</td><td>2.28</td><td>2.56</td><td>16.....</td><td>1.83</td><td>2.28</td><td>2.57</td><td>26.....</td><td>1.82</td><td>2.28</td><td>2.57</td></tr><tr><td>6.....</td><td>1.84</td><td>2.28</td><td>2.55</td><td>17.....</td><td>1.83</td><td>2.28</td><td>2.57</td><td>27.....</td><td>1.82</td><td>2.28</td><td>2.58</td></tr><tr><td>7.....</td><td>1.84</td><td>2.28</td><td>2.55</td><td>18.....</td><td>1.83</td><td>2.28</td><td>2.57</td><td>28.....</td><td>1.82</td><td>2.28</td><td>2.58</td></tr><tr><td>9.....</td><td>1.83</td><td>2.28</td><td>2.55</td><td>19.....</td><td>1.83</td><td>2.28</td><td>2.59</td><td>30.....</td><td>1.82</td><td>2.28</td><td>2.57</td></tr><tr><td>10.....</td><td>1.82</td><td>2.28</td><td>2.55</td><td>20.....</td><td>1.83</td><td>2.28</td><td>2.59</td><td>31.....</td><td>1.82</td><td>2.29</td><td>2.57</td></tr><tr><td>11.....</td><td>1.82</td><td>2.28</td><td>2.55</td><td>21.....</td><td>1.83</td><td>2.28</td><td>2.59</td><td></td><td></td><td></td><td></td></tr></table>
Basis of Computation: (1) Treasury bond yields are computed on the basis of the mean of bid and ask quotations in the over-the-counter market, beginning September 2, 1941; previously, closing prices on the New York Stock Exchange were used on days when sales took place on the Exchange in a particular issue and the mean of closing bid and ask quotations on the New York Stock Exchange on days when no sales took place. (2) Corporate bond yields are computed on the basis of closing prices on the New York Stock Exchange and the New York Curb Exchange; on days when an issue does not sell, the price of the last preceding sale is used
Back Figures: See "Treasury Bulletin" for July 1941, pages 21-26, and subsequent issues.
Average of partially tax-exempt Treasury bonds neither due nor callable for twelve years. Partially tax-exempt bonds are those the interest on which is exempt from the normal rates of the Federal income tax. (In addition, interest derived from $5,000 aggregate principal amount of partially tax-exempt Treasury
bonds and United States savings bonds issued before March 1, 1941 is exempt from the surtax rates of the Federal income tax.) 2/ Average of taxable Treasury bonds neither due nor callable for twelve years. Bonds which may not be held by all classes of
investors (the 2-1/2's of 1962-67, the 2-1/2's of 1963-68, and the 2-1/2's of 1964-69) are excluded from the average. Taxable bonds are those the interest on which is subject to both the normal and surtax rates of the Federal income tax. This average commenced October 20, 1941.
3/ For discussion of composition of high-grade corporate bond average, see "Treasury Bulletin" for April 1943, page 61. 4/ Monthly averages of daily figures. Prior to April 1, 1938, corporate bonds are averages of Saturday figures.
5/ On days when the exchanges are closed, the date and prices of the previous day are used.
6/ Indicates change in composition of the average
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly average of daily yields.
GOVERNMENT CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
-57-
58
Assets and Liabilities of Government Corporations and Credit Agencies July 31, 1943
(In millions of dollars)
<table><tr><th rowspan="2">Corporation or agency</th><th rowspan="2">Total</th><th colspan="8">Assets</th></tr><tr><th>Loans</th><th>Preferred capital stock, etc.</th><th>Cash 1/</th><th>U. S. Government securities</th><th>Securities guaranteed by United States</th><th>Other</th><th>Accounts and other receivables 2/</th><th>Real estate and other business property</th><th>Due from Government corporations and agencies</th><th>Capital stock and paid-in surplus of Government corporations</th><th>Other assets</th></tr><tr><td>Banks for cooperatives</td><td>233.5</td><td>107.0</td><td>-</td><td>41.5</td><td>33.6</td><td>.2</td><td>49.5</td><td>1.6</td><td>.1</td><td>*</td><td>-</td><td>.1</td></tr><tr><td>Commodity Credit Corporation</td><td>1,690.1</td><td>225.4</td><td>-</td><td>3.3</td><td>-</td><td>-</td><td>-</td><td>209.5</td><td>27.2</td><td>-</td><td>-</td><td>1,224.63/</td></tr><tr><td>Disaster Loan Corporation</td><td>21.0</td><td>3.1</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>16.2</td><td>*</td><td>1.6</td><td>-</td><td>.1</td></tr><tr><td>Export-Import Bank of Washington</td><td>202.0</td><td>131.6</td><td>-</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>69.5</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Farm Credit Administration</td><td>427.3</td><td>244.1</td><td>-</td><td>7.5</td><td>-</td><td>-</td><td>-</td><td>1.0</td><td>.8</td><td>-</td><td>172.0</td><td>2.7</td></tr><tr><td>Farm Security Administration</td><td>486.6</td><td>443.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28.5</td><td>.8</td><td>13.4</td><td>-</td><td>.5</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>20.4</td><td>-</td><td>-</td><td>7.6</td><td>-</td><td>-</td><td>-</td><td>6.5</td><td>-</td><td>-</td><td>-</td><td>6.2</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>722.8</td><td>33.7</td><td>-</td><td>24.9</td><td>615.9</td><td>-</td><td>-</td><td>28.9</td><td>.1</td><td>.5</td><td>-</td><td>18.9</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,144.7</td><td>455.2</td><td>-</td><td>10.3</td><td>-</td><td>120.0</td><td>502.3</td><td>44.6</td><td>-</td><td>3.5</td><td>-</td><td>8.6</td></tr><tr><td>Federal home loan banks</td><td>262.4</td><td>91.5</td><td>-</td><td>14.7</td><td>154.4</td><td>.7</td><td>-</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Housing Administration</td><td>120.9</td><td>-</td><td>-</td><td>17.9</td><td>55.6</td><td>-</td><td>*</td><td>42.2</td><td>1.2</td><td>.4</td><td>-</td><td>3.5</td></tr><tr><td>Federal intermediate credit banks</td><td>385.4</td><td>295.7</td><td>-</td><td>24.1</td><td>36.0</td><td>-</td><td>-</td><td>2.0</td><td>-</td><td>27.3</td><td>-</td><td>.3</td></tr><tr><td>Federal land banks</td><td>2,044.6</td><td>1,471.5</td><td>-</td><td>33.9</td><td>208.0</td><td>138.3</td><td>*</td><td>146.9</td><td>5.3</td><td>8.6</td><td>-</td><td>32.1</td></tr><tr><td>Federal National Mortgage Association</td><td>73.9</td><td>70.8</td><td>-</td><td>-</td><td>-</td><td>.8</td><td>-</td><td>2.0</td><td>*</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>17.8</td><td>-</td><td>-</td><td>6.9</td><td>-</td><td>-</td><td>-</td><td>2.6</td><td>6.5</td><td>-</td><td>-</td><td>1.7</td></tr><tr><td>Federal Public Housing Authority</td><td>548.8</td><td>317.2</td><td>-</td><td>43.4</td><td>7.2</td><td>-</td><td>*</td><td>4.9</td><td>176.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>143.7</td><td>-</td><td>-</td><td>.8</td><td>136.6</td><td>1.2</td><td>-</td><td>5.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Security Agency - student war loans</td><td>3.0</td><td>2.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>1,863.5</td><td>1,418.5</td><td>80.4</td><td>64.6</td><td>10.0</td><td>-</td><td>-</td><td>3.9</td><td>2.6</td><td>-</td><td>100.0</td><td>183.4</td></tr><tr><td>Inland Waterway Corporation</td><td>24.4</td><td>.4</td><td>-</td><td>1.1</td><td>5.7</td><td>-</td><td>-</td><td>.7</td><td>16.5</td><td>-</td><td>-</td><td>*</td></tr><tr><td>interior Department (Indian loans)</td><td>2.7</td><td>2.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Panama Railroad Company</td><td>77.3</td><td>-</td><td>-</td><td>11.5</td><td>8.9</td><td>-</td><td>*</td><td>.7</td><td>52.2</td><td>3.9</td><td>-</td><td>.1</td></tr><tr><td>Production credit corporations</td><td>127.5</td><td>-</td><td>-</td><td>.7</td><td>33.7</td><td>-</td><td>86.6</td><td>.3</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Public Works</td><td>87.3</td><td>87.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>21.7</td><td>6.0</td><td>1.2</td><td>1.7</td><td>-</td><td>-</td><td>-</td><td>.2</td><td>-</td><td>*</td><td>-</td><td>12.6</td></tr><tr><td>Reconstruction Finance Corporation</td><td>7,925.3</td><td>1,499.3</td><td>351.1</td><td>3.78/</td><td>64.9</td><td>-</td><td>8.3</td><td>28.8</td><td>8/</td><td>.9</td><td>5,593.4</td><td>360.7</td></tr><tr><td>Regional agricultural credit corporations</td><td>64.0</td><td>55.8</td><td>-</td><td>7.9</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>RFC Mortgage Company, The</td><td>110.6</td><td>97.2</td><td>-</td><td>*</td><td>-</td><td>.4</td><td>-</td><td>2.4</td><td>6.6</td><td>-</td><td>-</td><td>4.0</td></tr><tr><td>Rural Electrification Administration</td><td>355.1</td><td>344.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8.9</td><td>-</td><td>1.9</td><td>-</td><td>-</td></tr><tr><td>Tennessee Valley Authority</td><td>671.9</td><td>-</td><td>-</td><td>17.9</td><td>.4</td><td>-</td><td>-</td><td>6.7</td><td>641.9</td><td>1.8</td><td>-</td><td>3.4</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>.2</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>4,934.1</td><td>18.4</td><td>-</td><td>*</td><td>-</td><td>-</td><td>78.2</td><td>32.0</td><td>20.8</td><td>9.1</td><td>-</td><td>4,775.6</td></tr><tr><td>War corporations and activities (World War I)</td><td>5.8</td><td>-</td><td>-</td><td>.6</td><td>.1</td><td>-</td><td>-</td><td>4.1</td><td>*</td><td>-</td><td>-</td><td>.9</td></tr><tr><td>War corporations (World War II)</td><td>6,966.9</td><td>204.8</td><td>1.1</td><td>190.7</td><td>-</td><td>-</td><td>1.0</td><td>796.1</td><td>95.8</td><td>47.6</td><td>-</td><td>5,629.8</td></tr><tr><td>War Shipping Administration</td><td>582.5</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>16.3</td><td>506.4</td><td>32.3</td><td>-</td><td>27.5</td></tr><tr><td>Other Government agencies</td><td>7,138.6</td><td>26.7</td><td>11.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7,072.9</td><td>-</td><td>27.6</td></tr><tr><td>Gross total</td><td>39,508.4</td><td>7,615.1</td><td>445.1</td><td>538.3</td><td>1,376.9</td><td>261.6</td><td>726.0</td><td>1,514.2</td><td>1,561.1</td><td>12,818.2</td><td>632.7</td><td>12,019.2</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-13,451.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-12,818.2</td><td>-632.7</td><td></td></tr><tr><td>Net total</td><td>26,057.4</td><td>7,615.1</td><td>445.1</td><td>538.3</td><td>1,376.9</td><td>261.6</td><td>726.0</td><td>1,514.2</td><td>1,561.1</td><td>0</td><td>0</td><td>12,019.2</td></tr></table>
(Continued on following page)
59
Assets and Liabilities of Government Corporations and Credit Agencies
July 31, 1943 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Corporation or agency</th><th colspan="6">Liabilities and reserves</th><th colspan="6">Proprietary interest</th></tr><tr><th>Total</th><th>Guaranteed by United States (includes accrued interest)</th><th>Not guaranteed by United States</th><th colspan="2">Due to Government corporations and agencies</th><th>Reserves</th><th>Excess of assets (Total proprietary interest)</th><th>Pri-vately owned</th><th colspan="3">Owned by United States 12/</th></tr><tr><th></th><th></th><th></th><th></th><th>Treasury</th><th>Other</th><th></th><th></th><th></th><th>Total</th><th>Capital stock</th><th>Surplus</th><th>Non-stock</th></tr><tr><td>Bank for cooperatives</td><td>29.5</td><td>-</td><td>.8</td><td>-</td><td>27.3</td><td>1.4</td><td>204.0</td><td>6.1</td><td>197.9</td><td>172.0</td><td>25.9</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>1,598.1</td><td>575.7</td><td>282.5</td><td>700.6</td><td>-</td><td>39.4</td><td>92.0</td><td>-</td><td>92.0</td><td>100.0</td><td>-8.0</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>20.9</td><td>-</td><td>20.9</td><td>24.0</td><td>-3.1</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1.4</td><td>-</td><td>.2</td><td>-</td><td>1.2</td><td>-</td><td>200.6</td><td>-</td><td>200.6</td><td>175.0</td><td>25.6</td><td>-</td></tr><tr><td>Farm Credit Administration</td><td>213.6</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>213.3</td><td>213.8</td><td>-</td><td>213.8</td><td>-</td><td>-</td><td>213.8</td></tr><tr><td>Farm Security Administration</td><td>183.7</td><td>-</td><td>16.7</td><td>-</td><td>167.0</td><td>-</td><td>302.9</td><td>-</td><td>302.9</td><td>-</td><td>-</td><td>302.9</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>8.2</td><td>-</td><td>8.2</td><td>-</td><td>-</td><td>-</td><td>12.1</td><td>-</td><td>12.1</td><td>35.0</td><td>-22.9</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>433.5</td><td>-</td><td>30.9</td><td>-</td><td>-</td><td>402.6</td><td>289.3</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,044.7</td><td>939.1</td><td>7.7</td><td>-</td><td>.9</td><td>97.0</td><td>100.0</td><td>-</td><td>100.0</td><td>100.0</td><td>-</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>66.1</td><td>-</td><td>66.1</td><td>-</td><td>-</td><td>-</td><td>196.4</td><td>71.6</td><td>124.7</td><td>124.7</td><td>-</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>25.4</td><td>21.8</td><td>3.5</td><td>-</td><td>-</td><td>.2</td><td>95.5</td><td>-</td><td>95.5</td><td>-</td><td>-</td><td>95.5</td></tr><tr><td>Federal intermediate credit banks</td><td>296.5</td><td>-</td><td>296.4</td><td>-</td><td>-</td><td>.1</td><td>89.0</td><td>-</td><td>89.0</td><td>60.0</td><td>29.0</td><td>-</td></tr><tr><td>Federal land banks 4/</td><td>1,557.7</td><td>-</td><td>1,485.3</td><td>-</td><td>1.1</td><td>71.3</td><td>486.9</td><td>223.5</td><td>263.4</td><td>121.4</td><td>142.0</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>50.7</td><td>-</td><td>3.5</td><td>-</td><td>47.2</td><td>-</td><td>23.2</td><td>-</td><td>23.2</td><td>10.0</td><td>13.2</td><td>-</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>1.0</td><td>-</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>16.8</td><td>-</td><td>16.8</td><td>-</td><td>12.3</td><td>4.6</td></tr><tr><td>Federal Public Housing Authority</td><td>407.4</td><td>114.4</td><td>.2</td><td>283.0</td><td>.1</td><td>9.7</td><td>141.4</td><td>-</td><td>141.4</td><td>1.0</td><td>140.4</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>2.1</td><td>-</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>141.6</td><td>-</td><td>141.6</td><td>100.0</td><td>41.6</td><td>-</td></tr><tr><td>Federal Security Agency - student war loans 5/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3.0</td><td>-</td><td>3.0</td><td>-</td><td>-</td><td>3.0</td></tr><tr><td>Rome Owners' Loan Corporation</td><td>1,781.1</td><td>1,548.0</td><td>30.3</td><td>151.1</td><td>-</td><td>5.7</td><td>82.4</td><td>-</td><td>82.4</td><td>200.0</td><td>-117.6</td><td>-</td></tr><tr><td>Iceland Waterways Corporation 5/</td><td>1.2</td><td>-</td><td>1.0</td><td>-</td><td>-</td><td>.3</td><td>23.2</td><td>-</td><td>23.2</td><td>12.0</td><td>11.2</td><td>-</td></tr><tr><td>Interior Department (Indian loans)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.7</td><td>-</td><td>2.7</td><td>-</td><td>-</td><td>2.7</td></tr><tr><td>Panama Railroad Company 5/</td><td>19.9</td><td>-</td><td>15.4</td><td>-</td><td>.5</td><td>3.9</td><td>57.4</td><td>-</td><td>57.4</td><td>7.0</td><td>50.4</td><td>-</td></tr><tr><td>Production credit corporations</td><td>.4</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>.3</td><td>127.1</td><td>-</td><td>127.1</td><td>120.0</td><td>7.1</td><td>-</td></tr><tr><td>Public Works 6/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>87.3</td><td>-</td><td>87.3</td><td>-</td><td>-</td><td>87.3</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21.7</td><td>-</td><td>21.7</td><td>-</td><td>-</td><td>21.7</td></tr><tr><td>Reconstruction Finance Corporation 7/</td><td>7,241.3</td><td>757.9 8/</td><td>542.3 8/</td><td>5,800.8</td><td>15.3</td><td>125.0</td><td>664.1</td><td>-</td><td>684.1</td><td>325.0</td><td>359.18/</td><td>-</td></tr><tr><td>Regional agricultural credit corporations</td><td>1.6</td><td>-</td><td>1.3</td><td>-</td><td>-</td><td>.3</td><td>62.3</td><td>-</td><td>62.3</td><td>44.5</td><td>17.8</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>83.6</td><td>-</td><td>3.2</td><td>-</td><td>80.4</td><td>-</td><td>27.0</td><td>-</td><td>27.0</td><td>25.0</td><td>2.0</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>225.7</td><td>-</td><td>3.2</td><td>-</td><td>225.7</td><td>-</td><td>129.4</td><td>-</td><td>129.4</td><td>-</td><td>-</td><td>129.4</td></tr><tr><td>Tennessee Valley Authority</td><td>82.5</td><td>-</td><td>20.5</td><td>57.0</td><td>.6</td><td>4.4</td><td>589.4</td><td>-</td><td>589.4</td><td>-</td><td>-</td><td>589.4</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>-</td><td>-</td><td>1,528.8</td><td>-</td><td>.2</td><td>23.3</td><td>3,381.8</td><td>-</td><td>3,381.8</td><td>-</td><td>.3</td><td>3,381.8</td></tr><tr><td>United States Maritime Commission</td><td>1,552.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>War corporations and activities (World War I) 9/</td><td>.5</td><td>-</td><td>.2</td><td>-</td><td>.1</td><td>.1</td><td>5.3</td><td>-</td><td>5.3</td><td>25.4</td><td>-23.8</td><td>3.7</td></tr><tr><td>War corporations (World War II) 10/</td><td>6,965.7</td><td>-</td><td>1,767.4</td><td>-</td><td>5,198.2</td><td>.2</td><td>1.2</td><td>-</td><td>1.2</td><td>186.7</td><td>-212.9</td><td>27.4</td></tr><tr><td>War Shipping Administration</td><td>354.2</td><td>-</td><td>93.9</td><td>-</td><td>.1</td><td>260.2</td><td>228.3</td><td>-</td><td>228.3</td><td>-</td><td>-</td><td>228.3</td></tr><tr><td>Other Government agencies 11/</td><td>59.9</td><td>-</td><td>-</td><td>-</td><td>59.9</td><td>-</td><td>7,078.7</td><td>-</td><td>7,078.7</td><td>11.3</td><td>-</td><td>7,067.4</td></tr><tr><td>Gross total</td><td>24,289.4</td><td>3,956.9</td><td>6,209.6</td><td>6,992.5</td><td>5,825.7</td><td>1,304.7</td><td>15,218.9</td><td>440.5</td><td>14,778.4</td><td>2,130.1</td><td>489.5</td><td>12,158.8</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-12,818.2</td><td>-</td><td>-6,992.5</td><td>-5,825.7</td><td>-</td><td>-</td><td>-632.7</td><td>-</td><td>-632.7</td><td>-631.7</td><td>-1.0</td><td>-</td></tr><tr><td>Net total</td><td>11,471.2</td><td>3,956.9</td><td>6,209.6</td><td>0</td><td>0</td><td>1,304.7</td><td>14,586.2</td><td>440.5</td><td>14,145.7</td><td>1,498.4</td><td>488.5</td><td>12,158.8</td></tr></table>
1/ Includes the Electric Home and Farm Authority which was transferred for purposes of liquidation to the Reconstruction Finance Corporation by Executive order effective October 31, 1942.
8/ Adjusted for interagency items and items in transit.
9/ Comprises Navy Department (sale of surplus supplies), U. S. Housing Corporation, U. S. Railroad Administration and U. S. Spruce Production Corporation.
10/ Comprises Cargoes, Inc., Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Navigation Corporation, Metals Reserve Company, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plants Corporation, U. S. Commercial Company and War Damage Corporation.
11/ Comprises Treasury Department and other Government agencies not listed in this statement.
12/ Excludes the interest of the United States represented by obligations held by the Treasury.
Daily Treasury Statement.
* Less than $50,000.
1/ Excludes unexpanded balances of appropriated funds.
2/ Includes deposits with the Reconstruction Finance Corporation and interest thereon.
1/ Represents chiefly commodity loans and underlying security taken over from lending agencies pursuant to guaranty purchase agreements. Also includes commodities acquired through direct purchases from producers and others, as well as interagency transactions of "lend-lease" funds which figures are not available, and which would otherwise be shown under "Dues from Government corporations and agencies".
1/ Includes the assets and liabilities of the Federal Land Banks of Louisville and Houston which have retired stock and paid-in surplus previously held by the Federal Government.
5/ Figures shown are as of June 30, 1943, the latest available.
6/ Consists of loans made by Public Works Administration for $24,644,371 and by War Public Works for $2,632,056.
60
Sources of Funds of Certain Government Corporations and Credit Agencies for the First Month, Fiscal Year 1944
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, re-discounts, and loans from other government corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (nat)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 466,803</td><td>-</td><td>-</td><td>$289,500</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>-$1,250,000,000</td><td>$ 10,811,112</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>-173</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>54,150,082</td><td>-</td><td>-$4,436,000</td><td>-</td></tr><tr><td>Federal Public Housing Authority</td><td>$1,782,685</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>-$5,000,000</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>-</td><td>-</td><td>830,640,000</td><td>-$222,837,200</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>-</td><td>-32,205</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>1,563,424</td><td>-6,532,781</td><td>-</td><td>-</td><td>-</td></tr><tr><td>War corporations 3/</td><td>4,000,000</td><td>342,196,273</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$7,346,109</td><td>$390,247,999</td><td>$ -464,360,000</td><td>$-366,452,088</td><td>$289,500</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td></td><td>$ 6,868,078</td><td>$ 88,517</td><td>$ 6,225</td><td>$ 7,719,123</td></tr><tr><td>Commodity Credit Corporation</td><td>$133,389,200</td><td>4,746,365</td><td>1,014,525</td><td>9,854,796</td><td>-1,090,184,003</td></tr><tr><td>Disaster Loan Corporation</td><td>541</td><td>322,339</td><td>12,558</td><td>12,335</td><td>347,772</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>2,566,581</td><td>1,126,665</td><td>-</td><td>3,693,246</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>2,056,715</td><td>35,475,688</td><td>4,065,550</td><td>41,597,780</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>880,128</td><td>9,834,094</td><td>2,218,163</td><td>48,325</td><td>12,980,711</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>17,300,521</td><td>123,057</td><td>2,172,525</td><td>19,596,103</td></tr><tr><td>Federal National Mortgage Association</td><td>4,856</td><td>94,342,047</td><td>4,132,479</td><td>-97,236,533</td><td>957,531</td></tr><tr><td>Federal Public Housing Authority</td><td>-</td><td>22,946</td><td>1,302,018</td><td>11,710</td><td>3,119,360</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>374,923</td><td>4,931</td><td>379,854</td></tr><tr><td>Home Owners' Loan Corporation</td><td>7,133,710</td><td>21,609,831</td><td>8,099,217</td><td>195,802</td><td>-7,961,440</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>473,316</td><td>57,542,741</td><td>19,585,911</td><td>2,569,544</td><td>587,974,312</td></tr><tr><td>RFC Mortgage Company, The</td><td>30,679</td><td>3,286,077</td><td>402,805</td><td>260,722</td><td>3,948,079</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>966,144</td><td>894,784</td><td>-1</td><td>-3,108,431</td></tr><tr><td>War corporations 3/</td><td>144,852,026</td><td>6,374,416</td><td>1,294,562</td><td>102,887,720</td><td>601,604,996</td></tr><tr><td>Total</td><td>$286,764,455</td><td>$227,839,495</td><td>$76,145,872</td><td>$ 24,853,651</td><td>$ 182,604,993</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Includes the Electric Home and Farm Authority, which was transferred for purposes of liquidation to the Reconstruction Finance Corporation by Executive order effective October 31, 1942.
3/ Comprises Cargoes, Incorporated, Defense Homes Corporation,
Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Navigation Corporation, Metals Reserve Company, Rubber Development Corporation, Rubber Reserve Company, Smeller War Plants Corporation, U.S. Commercial Company and War Damage Corporation. Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
61
Uses of Funds of Certain Government Corporations and Credit Agencies for the First Month, Fiscal Year 1944
<table><tr><th rowspan="2">Corporation or agency</th><th colspan="2">Expenses</th><th rowspan="2">Purchase and improvement of property owned</th><th rowspan="2">Loans</th><th rowspan="2">Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th>Administrative</th><th>Nonadministrative</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 5,714</td><td>-</td><td>-</td><td>$ 12,322,047</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>413,409</td><td>-</td><td>$304,181,268</td><td>29,602,288</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>28,753</td><td>$ 8,284</td><td>-</td><td>20,149</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>21,545</td><td>-</td><td>-</td><td>6,143,158</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>323,452</td><td>-</td><td>-</td><td>484,435</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>504,840</td><td>70,005</td><td>174,343</td><td>2,749,345</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>225,483</td><td>-</td><td>-</td><td>18,650,248</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>89,544</td><td>95,369</td><td>-</td><td>72,723</td><td>-</td></tr><tr><td>Federal Public Housing Authority</td><td>1,089,377</td><td>285,431</td><td>1,593,936</td><td>446,577</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>15,184</td><td>3,082</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>835,245</td><td>1,376,331</td><td>163,736</td><td>225,495</td><td>$401,100</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>804,150</td><td>-379,476</td><td>-499</td><td>31,331,340</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>73,433</td><td>59,615</td><td>-10,306</td><td>2,759,788</td><td>-</td></tr><tr><td>Rural Electricaton Administration</td><td>236,844</td><td>-</td><td>-</td><td>878,146</td><td>-</td></tr><tr><td>War corporations 3/</td><td>469,196</td><td>946,101</td><td>428,916,148</td><td>12,923,291</td><td>-</td></tr><tr><td>Total</td><td>$5,136,169</td><td>$2,464,742</td><td>$735,018,626</td><td>$118,909,030</td><td>$401,100</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts, and loans to other government corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$-1,027,024</td><td>-</td><td>$ 62,782</td><td>-</td><td>$ 11,363,519</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$-175,613,613</td><td>-145,964</td><td>$ 1,134,129</td><td>159,571,517</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>290,750</td><td>-</td><td>-164</td><td>347,772</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-2,100,000</td><td>-</td><td>-</td><td>4,364,703</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>44,223,482</td><td>-</td><td>-</td><td>-1,055,485</td><td>43,975,884</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>4,500,000</td><td>-</td><td>3,175</td><td>241,525</td><td>8,243,233</td></tr><tr><td>Federal home loan banks</td><td>123,657</td><td>-</td><td>666,184</td><td>3,015</td><td>19,668,587</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>716,411</td><td>-16,516</td><td>957,531</td></tr><tr><td>Federal Public Housing Authority</td><td>-</td><td>-</td><td>788,676</td><td>1,782,685</td><td>5,986,683</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>500,000</td><td>-</td><td>-</td><td>79,845</td><td>598,111</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-28,028,110</td><td>-</td><td>297,244</td><td>946,854</td><td>-23,782,105</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>-</td><td>526,542,226</td><td>26,548,709</td><td>2,341,683</td><td>587,188,134</td></tr><tr><td>RFC Mortgage Company, The</td><td>-</td><td>-</td><td>1,040,181</td><td>25,368</td><td>3,948,079</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>3,331,501</td><td>-</td><td>4,446,490</td></tr><tr><td>War corporations 3/</td><td>-</td><td>55,456,281</td><td>323,859</td><td>99,581,513</td><td>598,616,388</td></tr><tr><td>Total</td><td>$ 20,292,005</td><td>$ 404,575,644</td><td>$33,632,758</td><td>$105,064,452</td><td>$1,425,494,526</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts from the repayment of mortgage loans appear under "Re-payment of loans" in the statement of sources of funds.
2/ Includes the Electric Home and Farm Authority, which was transferred for purposes of liquidation to the Reconstruction Finance Corporation by Executive order effective October 31, 1942.
3/ Comprises Cargoes, Incorporated, Defense Homes Corporation,
Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Navigation Corporation, Metals Reserve Company, Rubber Development Corporation, Rubber Reserve Company, Smelter War Plants Corporation, U. S. Commercial Company and War Damage Corporation. Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
62
Sources of Funds of Certain Government Corporations and Credit Agencies from Inception of Organization through July 31, 1943
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, redisc- counts, and loans from other government corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obli- gations in the market (net) 2/</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 72,000,000</td><td>$ 18,022,488</td><td>-</td><td>-</td><td>$ 1,568,100</td></tr><tr><td>Commodity Credit Corporation</td><td>243,950,524 3/</td><td>-</td><td>$ 700,000,000</td><td>$ 486,329,655</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>24,000,000 4/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1,000,000</td><td>4,000,000</td><td>-</td><td>-</td><td>174,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>150,000,000</td><td>199,711</td><td>-</td><td>-</td><td>139,299,557</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>100,000,000 4/</td><td>-</td><td>-</td><td>929,764,200</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>-</td><td>-</td><td>35,000,000</td><td>124,741,000 5/</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>45,445,097</td><td>-</td><td>1,112,000</td><td>11,000,000</td></tr><tr><td>Federal Public Housing Authority</td><td>63,177,396</td><td>-</td><td>283,000,000</td><td>114,157,000</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000,000</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000 4/</td><td>-</td><td>151,000,000</td><td>3,114,453,550</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation 6/</td><td>325,000,000</td><td>-</td><td>5,979,012,124</td><td>573,203,800</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>-</td><td>78,218,235</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration</td><td>141,520,643</td><td>225,017,400</td><td>-</td><td>-</td><td>-</td></tr><tr><td>War corporations 7/</td><td>154,000,000</td><td>5,166,268,021</td><td>-</td><td>-</td><td>36,601,000</td></tr><tr><td>Total</td><td>$1,474,648,563</td><td>$5,537,170,952</td><td>$7,113,012,124</td><td>$5,254,020,205</td><td>$612,209,657</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 5/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>–</td><td>$ 422,190,226</td><td>$ 12,621,021</td><td>$ 4,691,039</td><td>$ 531,092,874</td></tr><tr><td>Commodity Credit Corporation</td><td>$3,990,273,192</td><td>1,165,489,540</td><td>42,943,042</td><td>91,188,388</td><td>6,720,174,341</td></tr><tr><td>Disaster Loan Corporation</td><td>172,900</td><td>25,080,476</td><td>929,111</td><td>72,585</td><td>90,255,071</td></tr><tr><td>Export-Import Bank of Washington</td><td>–</td><td>138,441,945</td><td>24,080,607</td><td>707,119</td><td>342,229,671</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>–</td><td>132,526,960</td><td>478,589,912</td><td>4,790,484</td><td>905,406,624</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>33,026,777</td><td>549,312,886</td><td>559,732,672</td><td>24,340,149</td><td>2,196,175,683</td></tr><tr><td>Federal home loan banks</td><td>–</td><td>952,389,159</td><td>52,202,109</td><td>89,629,061 9/</td><td>1,253,961,329</td></tr><tr><td>Federal National Mortgage Association</td><td>2,057,677</td><td>197,465,587</td><td>44,668,308</td><td>2,298,709</td><td>304,047,378</td></tr><tr><td>Federal Public Housing Authority</td><td>974,105</td><td>855,495,749</td><td>53,732,482</td><td>1,601,236</td><td>1,372,137,969</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>–</td><td>–</td><td>51,613,319</td><td>2,313,732</td><td>153,927,051</td></tr><tr><td>Home Owners' Loan Corporation</td><td>254,835,865</td><td>1,402,179,413</td><td>1,090,699,789</td><td>33,577,881</td><td>6,246,246,498</td></tr><tr><td>Reconstruction Finance Corporation 6/</td><td>33,902,521</td><td>6,156,312,191</td><td>798,054,256</td><td>130,685,140</td><td>13,996,170,033</td></tr><tr><td>RTC Mortgage Company, The</td><td>1,199,171</td><td>166,191,336</td><td>19,855,755</td><td>5,756,055</td><td>296,180,552</td></tr><tr><td>Rural Electrification Administration</td><td>–</td><td>25,639,584</td><td>25,402,589</td><td>281</td><td>417,580,497</td></tr><tr><td>War corporations 7/</td><td>1,421,296,481</td><td>121,405,237</td><td>13,848,205</td><td>1,677,241,668</td><td>8,590,660,612</td></tr><tr><td>Total</td><td>$5,737,698,689</td><td>$12,310,120,289</td><td>$3,268,973,177</td><td>$2,068,993,527</td><td>$43,376,847,183</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Except for the H.O.L.C., sales of obligations in the market, as shown in this column, are reduced by the amount of obligations which have been retired (including those which have in effect been refunded through the sale of obligations to the Treasury). In the case of the H.O.L.C., the original amount of obligations sold in the market is shown in this column and the retirement and refunding of these obligations are shown as "Retirement of obligations issued in exchange for mortgagee" in the statement of uses of funds.
3/ Includes $3,000,000 N.I.H.A.; $97,000,000 R.F.C. included in notes canceled by the Treasury (See footnote 4/); and $143,950,524 restoration of capital impairment, which is not repayments to the Treasury of $43,756,731 on the basis of March 31, 1940 appraisal, and $27,815,514 on the basis of March 31, 1942 appraisal of the corporation, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
4/ These funds were furnished by the R.F.C. from the proceeds of its notes sold to the Treasury, such amounts being included in
the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 24, 1938.
5/ The R.F.C. purchased the stock of the Federal home loan banks from the Treasury Department on February 20, 1941. The net effect of this transaction is the same as a sale of stock to other agencies, and is shown as such for purposes of this report.
6/ Includes the Electric Rome and Farm Authority which was transferred for purposes of liquidation to the R.F.C. by Executive order effective October 31, 1942.
1/ Comprises Cargoes, Incorporated, Defense Romea Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Navigation Corporation, Metale Reserve Company, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plants Corporation, U. S. Commercial Company and War Damage Corporation.
3/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
2/ Includes $55,221,125 paid-in capital stock held by member institutions.
63
Uses of Funds of Certain Government Corporations and Credit Agencies from Inception of Organization through July 31, 1943
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 1,141,755</td><td>-</td><td>-</td><td>$ 460,634,687</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>15,765,235</td><td>-</td><td>$ 3,993,502,831</td><td>2,476,443,319</td><td>-</td></tr><tr><td>Diester Loan Corporation</td><td>3,848,791</td><td>$ 146,618</td><td>-</td><td>30,272,386</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>936,565</td><td>18,064</td><td>-</td><td>272,836,517</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>31,885,043</td><td>-</td><td>-</td><td>198,369,263</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>87,503,722</td><td>6,907,333</td><td>19,874,662</td><td>1,089,280,434</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>12,305,027</td><td>-</td><td>-</td><td>1,043,930,462</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>4,934,635</td><td>5,612,844</td><td>-</td><td>271,153,747</td><td>-</td></tr><tr><td>Federal Public Housing Authority</td><td>23,829,691</td><td>8,025,243</td><td>71,343,098</td><td>1,174,727,890</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,937,314</td><td>106,101</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>244,647,903</td><td>155,377,373</td><td>155,651,180</td><td>3,273,460,234</td><td>$1,575,344,950 2/</td></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>102,838,250</td><td>12,536,569</td><td>471,310</td><td>8,076,421,940</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>6,130,238</td><td>5,063,521</td><td>9,795,898</td><td>264,759,994</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>18,063,508</td><td>-</td><td>-</td><td>370,030,728</td><td>-</td></tr><tr><td>War corporations 4/</td><td>6,066,195</td><td>17,954,008</td><td>6,685,513,587</td><td>326,979,046</td><td>-</td></tr><tr><td>Total</td><td>$561,833,872</td><td>$211,747,674</td><td>$10,936,152,566</td><td>$19,329,300,647</td><td>$1,575,344,950</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 5/</th><th>Allocations, rediscounts, and loans to other government corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 40,732,398</td><td>-</td><td>$ 1,024,015</td><td>$ 3,542,693</td><td>$ 507,075,549</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$ 140,914,912</td><td>43,586,269</td><td>46,760,863</td><td>6,716,973,430</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>15,986,248</td><td>-</td><td>28</td><td>50,254,071</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>64,650,000</td><td>2,362,329</td><td>593,801</td><td>341,397,275</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>617,617,499</td><td>-</td><td>-</td><td>32,923,059</td><td>880,794,864</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>622,334,800</td><td>-</td><td>337,381,406</td><td>24,350,043</td><td>2,187,632,400</td></tr><tr><td>Federal home loan banks</td><td>155,055,596</td><td>-</td><td>27,448,734</td><td>521,237</td><td>1,239,261,056</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>22,089,094</td><td>257,058</td><td>304,047,378</td></tr><tr><td>Federal Public Housing Authority</td><td>7,070,000</td><td>-</td><td>12,263,672</td><td>26,354,734</td><td>1,323,614,328</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>137,951,994</td><td>-</td><td>3,035,326</td><td>10,112,649 6/</td><td>153,173,384</td></tr><tr><td>Home Owners' Loan Corporation</td><td>190,359,300</td><td>-</td><td>579,495,897</td><td>7,861,433</td><td>6,182,198,269</td></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>369,041,001</td><td>5,083,358,680</td><td>328,932,264</td><td>21,067,640</td><td>13,994,667,654</td></tr><tr><td>RFC Mortgage Company, The</td><td>-</td><td>-</td><td>9,995,687</td><td>434,087</td><td>296,179,425</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>22,146,731</td><td>371,526</td><td>410,612,494</td></tr><tr><td>War corporations 4/</td><td>1,000,000</td><td>230,569,972</td><td>1,435,244</td><td>1,153,649,415</td><td>8,423,167,466</td></tr><tr><td>Total</td><td>$2,141,162,588</td><td>$5,535,479,812</td><td>$1,391,196,668</td><td>$1,328,830,266</td><td>$43,011,049,043</td></tr></table>
Source: Reports received from the corporations and agencies. Data on the basis of checks issued.
1/ Receipts from the repayment of mortgage loans appear under "Repayment of loans" in the statement of sources of funds.
2/ Includes the retirement of those obligations which were in of
3/ Includes the Electric Home and Farm Authority which was transferred for purposes of liquidation to the Reconstruction Finance Corporation by Executive order effective October 31, 1942.
4/ Comprises Cargoe, Incorporated, Defense Homee Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Trans-
portation, Inter-American Navigation Corporation, Metals Reserve Company, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plante Corporation, U. S. Commercial Company and War Damage Corporation.
5/ Includes U. S. Government bonds in the amount of $623,061,678 and follows: Federal Deposit Insurance Corporation, $455,617,499; Federal Savings and Loan Insurance Corporation, $26,684,500; Federal Public Housing Authority, $7,070,000; Federal home loan bank, $128,150,670; Central Bank for Cooperatives, $5,550,000
6/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
INTERNAL REVENUE STATISTICS
65
Summary of Internal Revenue Collections
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="4">Income and profits taxes</th><th colspan="4">Employment taxes</th></tr><tr><th></th><th></th><th>Total</th><th>Individual 2/</th><th>Corporation income and excess profits 3/</th><th>Miscellaneous profits taxes 4/</th><th>Total</th><th colspan="2">Social Security taxes 5/</th><th>Carriers' Taxing Act of 1937</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment Insurance)</th><th></th></tr><tr><td>1934</td><td>2,672,239</td><td>819,656</td><td>419,509</td><td>397,516</td><td>2,631</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,281,792</td><td>1,105,788</td><td>527,113</td><td>572,115</td><td>6,560</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1936</td><td>3,494,330</td><td>1,427,445</td><td>674,416</td><td>738,520</td><td>14,509</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1937</td><td>4,634,308</td><td>2,179,828</td><td>1,091,741</td><td>1,056,909</td><td>31,178</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1938</td><td>5,643,834</td><td>2,629,016</td><td>1,286,312</td><td>1,299,918</td><td>42,786</td><td></td><td></td><td></td><td></td></tr><tr><td>1939</td><td>5,162,355</td><td>2,185,105</td><td>1,028,834</td><td>1,122,531</td><td>33,740</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>1940</td><td>5,322,768</td><td>2,129,606</td><td>982,017</td><td>1,120,579</td><td>27,010</td><td>833,521</td><td>605,350</td><td>106,123</td><td>122,048</td></tr><tr><td>1941</td><td>7,352,531</td><td>3,471,122</td><td>1,417,655</td><td>2,016,295</td><td>37,172</td><td>925,856</td><td>687,327</td><td>100,658</td><td>137,871</td></tr><tr><td>1942</td><td>13,029,912</td><td>8,006,380</td><td>3,262,800</td><td>4,687,459</td><td>56,621</td><td>1,185,362</td><td>895,335</td><td>119,617</td><td>170,409</td></tr><tr><td>1943</td><td>22,368,713</td><td>16,298,876</td><td>6,629,932</td><td>9,584,703</td><td>84,241</td><td>1,498,705</td><td>1,131,546</td><td>156,008</td><td>211,151</td></tr><tr><td>1942-August</td><td>681,368</td><td>164,032</td><td>40,523</td><td>120,313</td><td>3,196</td><td>177,282</td><td>140,967</td><td>5,993</td><td>30,322</td></tr><tr><td>September</td><td>2,459,874</td><td>2,122,989</td><td>670,306</td><td>1,436,081</td><td>16,602</td><td>22,096</td><td>4,562</td><td>808</td><td>16,726</td></tr><tr><td>October</td><td>702,425</td><td>220,386</td><td>26,468</td><td>186,668</td><td>7,250</td><td>133,919</td><td>127,882</td><td>5,408</td><td>629</td></tr><tr><td>November</td><td>845,855</td><td>184,549</td><td>27,058</td><td>155,031</td><td>2,460</td><td>183,195</td><td>148,478</td><td>5,753</td><td>28,904</td></tr><tr><td>December</td><td>2,521,448</td><td>1,999,688</td><td>562,515</td><td>1,425,942</td><td>11,231</td><td>25,263</td><td>2,576</td><td>951</td><td>21,736</td></tr><tr><td>1943-January</td><td>797,227</td><td>296,097</td><td>73,410</td><td>217,368</td><td>5,319</td><td>122,626</td><td>91,229</td><td>30,896</td><td>501</td></tr><tr><td>February</td><td>1,058,902</td><td>433,759</td><td>185,299</td><td>244,689</td><td>3,771</td><td>294,338</td><td>184,307</td><td>81,761</td><td>28,270</td></tr><tr><td>March</td><td>5,273,421</td><td>4,868,220</td><td>1,974,909</td><td>2,872,526</td><td>20,785</td><td>26,276</td><td>919</td><td>2,819</td><td>22,538</td></tr><tr><td>April</td><td>1,472,335</td><td>1,007,599</td><td>681,617</td><td>325,154</td><td>828</td><td>120,034</td><td>107,038</td><td>5,849</td><td>7,147</td></tr><tr><td>May</td><td>1,364,980</td><td>753,477</td><td>511,407</td><td>239,127</td><td>2,943</td><td>238,910</td><td>203,410</td><td>9,047</td><td>26,453</td></tr><tr><td>June</td><td>4,383,420</td><td>4,026,494</td><td>1,813,548</td><td>2,205,584</td><td>7,362</td><td>27,747</td><td>2,593</td><td>1,186</td><td>23,968</td></tr><tr><td>July</td><td>1,998,885</td><td>1,231,442</td><td>873,819</td><td>347,376</td><td>10,247</td><td>115,826</td><td>109,533</td><td>4,846</td><td>1,447</td></tr><tr><td>August</td><td>1,672,217</td><td>813,577</td><td>511,977</td><td>298,726</td><td>2,874</td><td>263,723</td><td>222,363</td><td>8,547</td><td>32,813</td></tr></table>
Miscellaneous internal revenue
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Capital stock tax</th><th>Estate and gift taxes</th><th>Alcoholic beverage taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' and retailers' excise taxes</th><th>Miscellaneous taxes</th><th>Agricultural adjustment taxes</th></tr><tr><td>1934</td><td>1,481,160</td><td>80,168</td><td>113,138</td><td>258,911</td><td>425,169</td><td>66,580</td><td>390,038</td><td>147,156</td><td>371,423</td></tr><tr><td>1935</td><td>1,649,782</td><td>91,508</td><td>212,112</td><td>410,926</td><td>458,776</td><td>43,133</td><td>342,275</td><td>91,052</td><td>526,222</td></tr><tr><td>1936</td><td>2,004,514</td><td>94,943</td><td>378,840</td><td>505,243</td><td>500,786</td><td>68,990</td><td>379,540</td><td>76,172</td><td>62,323</td></tr><tr><td>1937</td><td>2,188,735</td><td>137,499</td><td>305,548</td><td>597,372</td><td>551,923</td><td>69,919</td><td>449,854</td><td>80,161</td><td>-</td></tr><tr><td>1938</td><td>2,272,158</td><td>139,349</td><td>416,874</td><td>567,570</td><td>567,777</td><td>46,233</td><td>416,754</td><td>117,501</td><td>-</td></tr><tr><td>1939</td><td>2,236,821</td><td>127,203</td><td>360,715</td><td>587,605</td><td>579,784</td><td>41,083</td><td>396,891</td><td>143,540</td><td>-</td></tr><tr><td>1940</td><td>2,359,641</td><td>132,739</td><td>360,071</td><td>624,064</td><td>608,072</td><td>38,681</td><td>447,088</td><td>148,926</td><td>-</td></tr><tr><td>1941</td><td>2,954,553</td><td>166,653</td><td>407,058</td><td>819,869</td><td>697,712</td><td>39,057</td><td>617,373</td><td>206,831</td><td>-</td></tr><tr><td>1942</td><td>3,837,670</td><td>281,900</td><td>432,540</td><td>1,048,165</td><td>780,792</td><td>41,702</td><td>852,069</td><td>400,501</td><td>-</td></tr><tr><td>1943</td><td>4,571,132</td><td>328,795</td><td>447,496</td><td>1,423,481</td><td>923,857</td><td>45,155</td><td>670,015</td><td>732,333</td><td>-</td></tr><tr><td>1942-August</td><td>340,054</td><td>233</td><td>29,681</td><td>122,896</td><td>73,933</td><td>2,653</td><td>59,756</td><td>50,902</td><td>-</td></tr><tr><td>September</td><td>314,789</td><td>589</td><td>27,919</td><td>111,280</td><td>77,148</td><td>2,681</td><td>55,996</td><td>39,176</td><td>-</td></tr><tr><td>October</td><td>348,120</td><td>266</td><td>35,147</td><td>118,949</td><td>82,532</td><td>3,167</td><td>66,042</td><td>42,017</td><td>-</td></tr><tr><td>November</td><td>478,111</td><td>185,445</td><td>26,954</td><td>104,431</td><td>78,607</td><td>3,399</td><td>47,137</td><td>32,138</td><td>-</td></tr><tr><td>December</td><td>496,497</td><td>143,020</td><td>30,223</td><td>128,973</td><td>81,359</td><td>3,458</td><td>63,832</td><td>45,632</td><td>-</td></tr><tr><td>1943-January</td><td>378,504</td><td>209</td><td>46,739</td><td>136,876</td><td>80,565</td><td>3,776</td><td>68,427</td><td>41,912</td><td>-</td></tr><tr><td>February</td><td>330,805</td><td>216</td><td>28,613</td><td>128,299</td><td>68,247</td><td>3,551</td><td>51,459</td><td>50,420</td><td>-</td></tr><tr><td>March</td><td>378,925</td><td>392</td><td>61,686</td><td>120,528</td><td>79,544</td><td>4,419</td><td>47,134</td><td>65,222</td><td>-</td></tr><tr><td>April</td><td>344,702</td><td>-2,362</td><td>39,909</td><td>112,757</td><td>76,684</td><td>5,115</td><td>48,793</td><td>63,806</td><td>-</td></tr><tr><td>May</td><td>372,593</td><td>193</td><td>46,370</td><td>109,274</td><td>71,339</td><td>5,127</td><td>60,309</td><td>79,981</td><td>-</td></tr><tr><td>June</td><td>329,179</td><td>365</td><td>28,672</td><td>115,231</td><td>79,821</td><td>4,993</td><td>39,195</td><td>60,902</td><td>-</td></tr><tr><td>July</td><td>651,617</td><td>135,645</td><td>47,910</td><td>125,168</td><td>86,771</td><td>4,021</td><td>59,488</td><td>192,614</td><td>-</td></tr><tr><td>August</td><td>594,917</td><td>187,876</td><td>24,847</td><td>128,869</td><td>89,965</td><td>4,510</td><td>55,538</td><td>103,312</td><td>-</td></tr></table>
Source: Reports of collections.
1/ Excludes collections for credit to certain trust accounts for territories and insular possessions, etc. (except for the fiscal years 1929 through 1934, when they aggregated less than $1 million a year).
2/ Includes victory tax collections and collections under the Current Tax Payment Act of 1943.
3/ Excludes profits tax imposed under the Second Revenue Act of 1940, as amended.
4/ Consists of the declared value excess profits tax, the profit limiting provisions of the Vinson Act, and the tax on unjeft enrichment.
5/ For the period prior to September 1939 the data in the column entitled Federal Insurance Contributions Act and Federal Unemployment Tax Act represent collections under Titlee VIII and IX, respectively, of the Social Security Act.
6/ Includes tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
66
COLLECTIONS OF INTERNAL REVENUE
Fiscal Years 1929 to 1943
First 2 Months Fiscal Year 1944
* Includes miscellaneous profit taxes
67
Detailed Analysis of Current Internal Revenue Collections
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th>August 1943</th><th colspan="2">First 2 months</th><th>Sources of revenue</th><th>August 1943</th><th colspan="2">First 2 months</th></tr><tr><th></th><th></th><th>Fiscal year 1943</th><th>Fiscal year 1944</th><th></th><th></th><th>Fiscal year 1943</th><th>Fiscal year 1944</th></tr><tr><td>Income and profits taxes:</td><td></td><td></td><td></td><td>Miscellaneous internal revenue (continued):</td><td></td><td></td><td></td></tr><tr><td>Individual:</td><td></td><td></td><td></td><td>Stamp taxes:</td><td></td><td></td><td></td></tr><tr><td>Withheld by employers (Current Tax Payment Act of 1943)</td><td>681</td><td>-</td><td>681</td><td>Bonds, issues of capital stocks, deeds of conveyance, etc.</td><td>2,148</td><td>3,314</td><td>4,128</td></tr><tr><td>Victory tax (Revenue Act of 1942)</td><td>438,161</td><td>-</td><td>770,943</td><td>Transfers of capital stock and similar interest sales</td><td>1,681</td><td>1,412</td><td>3,198</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td>Playing cards</td><td>672</td><td>739</td><td>1,190</td></tr><tr><td>Current 2/</td><td>55,085</td><td>85,517</td><td>582,294</td><td>Silver bullion sales or transfer.</td><td>9</td><td>5</td><td>17</td></tr><tr><td>Back</td><td>18,050</td><td>17,878</td><td>31,877</td><td>Total stamp taxes</td><td>4,510</td><td>5,470</td><td>8,531</td></tr><tr><td>Corporation:</td><td></td><td></td><td></td><td>Manufacturers' and retailers' excise taxes:</td><td></td><td></td><td></td></tr><tr><td>Income taxes:</td><td></td><td></td><td></td><td>Lubricating oils</td><td>4,790</td><td>7,100</td><td>9,085</td></tr><tr><td>Current 2/</td><td>110,608</td><td>136,650</td><td>252,716</td><td>Gasoline</td><td>23,098</td><td>59,107</td><td>49,463</td></tr><tr><td>Back</td><td>26,425</td><td>37,563</td><td>45,567</td><td>Tires and tubes</td><td>2,764</td><td>2,006</td><td>6,398</td></tr><tr><td>Excess profits taxes (Second Revenue Act of 1940 as amended)</td><td>161,693</td><td>102,318</td><td>347,819</td><td>Floor taxes on tires and tubes</td><td>1</td><td>23</td><td>13</td></tr><tr><td>Miscellaneous profits taxes:</td><td></td><td></td><td></td><td>Automobile trucks and buses</td><td>103</td><td>1,493</td><td>288</td></tr><tr><td>Declared value</td><td>2,813</td><td>5,298</td><td>13,020</td><td>Other automobiles and motorcycles</td><td>642</td><td>390</td><td>682</td></tr><tr><td>Vinson Act</td><td>-</td><td>118</td><td>6</td><td>Parts and accessories for automobiles</td><td>2,239</td><td>3,333</td><td>4,833</td></tr><tr><td>Unjust enrichment</td><td>61</td><td>274</td><td>96</td><td>Electrical energy</td><td>4,468</td><td>8,437</td><td>9,118</td></tr><tr><td>Total income and profits taxes</td><td>813,577</td><td>385,616</td><td>2,045,019</td><td>Electric, gas, and oil appliances</td><td>305</td><td>2,785</td><td>671</td></tr><tr><td>Employment taxes:</td><td></td><td></td><td></td><td>Electric light bulbs and tubes</td><td>67</td><td>680</td><td>517</td></tr><tr><td>Social Security taxes:</td><td></td><td></td><td></td><td>Electric signs (repealed as of 11/1/42)</td><td>20</td><td>248</td><td>33</td></tr><tr><td>Federal Insurance Contributions Act (Old-age insurance)</td><td>222,363</td><td>261,849</td><td>331,896</td><td>Radio sets, phonographs, components, etc.</td><td>224</td><td>2,062</td><td>469</td></tr><tr><td>Federal Unemployment Tax Act (Unemployment insurance)</td><td>8,547</td><td>11,529</td><td>13,394</td><td>Photograph records</td><td>199</td><td>264</td><td>283</td></tr><tr><td>Total Social Security taxes</td><td>230,910</td><td>273,378</td><td>345,290</td><td>Musical instruments</td><td>141</td><td>454</td><td>197</td></tr><tr><td>Carriers' Taxing Act of 1937</td><td>32,813</td><td>30,923</td><td>34,259</td><td>Mechanical refrigerators, air-conditioners, etc.</td><td>733</td><td>1,572</td><td>1,202</td></tr><tr><td>Total employment taxes</td><td>263,723</td><td>304,301</td><td>379,549</td><td>Matches</td><td>697</td><td>1,039</td><td>1,446</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td>Floor taxes on matches</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Capital stock tax</td><td>187,876</td><td>462</td><td>323,521</td><td>Business and store machines</td><td>360</td><td>2,008</td><td>572</td></tr><tr><td>Estate tax</td><td>24,192</td><td>73,892</td><td>71,193</td><td>Pure - retailers' excise</td><td>2,108</td><td>1,578</td><td>3,763</td></tr><tr><td>Gift tax</td><td>655</td><td>1,372</td><td>1,565</td><td>Jewelry - retailers' excise</td><td>7,455</td><td>11,382</td><td>15,771</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td>Luggage</td><td>642</td><td>944</td><td>1,356</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>13,994</td><td>6,442</td><td>25,845</td><td>Optical equipment (repealed as of 11/1/42)</td><td>-</td><td>122</td><td>1</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>47,170</td><td>115,904</td><td>93,931</td><td>Photographic apparatus</td><td>1,092</td><td>1,815</td><td>2,041</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,484</td><td>3,736</td><td>2,675</td><td>Rubber articles (repealed as of 11/1/42)</td><td>65</td><td>5,412</td><td>94</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>101</td><td>36</td><td>207</td><td>Sporting goods</td><td>268</td><td>1,891</td><td>487</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>2,300</td><td>4,301</td><td>4,484</td><td>Toilet preparations - retailers' excise</td><td>2,865</td><td>4,880</td><td>5,992</td></tr><tr><td>Brandy used for fortifying sweet wines (repealed as of July 1, 1940)</td><td>*</td><td>*</td><td>*</td><td>Washing machines (repealed as of 11/1/42)</td><td>2</td><td>22</td><td>30</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stille (special taxes)</td><td>1,338</td><td>4,796</td><td>4,834</td><td>Firearms, shells and cartridges</td><td>140</td><td>597</td><td>163</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>*</td><td>*</td><td>7</td><td>Pistols and revolvers</td><td>5</td><td>10</td><td>8</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>54</td><td>262</td><td>213</td><td>Repealed taxes not listed above</td><td>45</td><td>33</td><td>50</td></tr><tr><td>Container stamps</td><td>738</td><td>2,355</td><td>1,293</td><td>Total manufacturers' and retailers' excise taxes</td><td>55,538</td><td>121,691</td><td>115,026</td></tr><tr><td>Floor taxes</td><td>11,235</td><td>13,754</td><td>15,371</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td></tr><tr><td>Fermented malt liquors</td><td>49,980</td><td>83,022</td><td>103,015</td><td>Bituminous Coal Act of 1937</td><td>433</td><td>958</td><td>813</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>475</td><td>2,274</td><td>2,163</td><td>Sugar Act of 1937</td><td>5,936</td><td>7,377</td><td>11,939</td></tr><tr><td>Total alcoholic beverage taxes</td><td>128,869</td><td>236,882</td><td>254,038</td><td>Telephones, telegraph, radia and cable, leased wires, etc.</td><td>13,254</td><td>12,472</td><td>25,500</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td>Local telephone service</td><td>8,532</td><td>9,341</td><td>17,331</td></tr><tr><td>Cigars (large)</td><td>2,298</td><td>2,423</td><td>4,531</td><td>Transportation of oil by pipe line</td><td>1,593</td><td>2,501</td><td>2,795</td></tr><tr><td>Cigars (small)</td><td>7</td><td>17</td><td>15</td><td>Transportation of persons, seats, berths</td><td>14,172</td><td>8,956</td><td>27,787</td></tr><tr><td>Cigarettes (large)</td><td>4</td><td>3</td><td>7</td><td>Transportation of property (effective 12/1/42)</td><td>18,546</td><td>-</td><td>38,174</td></tr><tr><td>Cigarettes (small)</td><td>82,868</td><td>135,902</td><td>162,943</td><td>Use of motor vehicles (effective 2/1/42)</td><td>17,002</td><td>132,765</td><td>121,294</td></tr><tr><td>Snuff</td><td>119</td><td>1,073</td><td>1,261</td><td>Use of boats (effective 2/1/42)</td><td>43</td><td>272</td><td>114</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,529</td><td>8,349</td><td>7,702</td><td>Leases of safe-deposit boxes</td><td>560</td><td>895</td><td>1,141</td></tr><tr><td>Cigarette papers and tubes</td><td>134</td><td>243</td><td>265</td><td>Admissions to theaters, concerts, cabarets, etc.</td><td>16,178</td><td>24,921</td><td>31,929</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>6</td><td>*</td><td>11</td><td>Club dues and initiation fees</td><td>752</td><td>1,321</td><td>1,409</td></tr><tr><td>Cigarette and cigar floor taxes</td><td></td><td></td><td></td><td>Bowling alleys, pool tables, etc.</td><td>395</td><td>1,338</td><td>1,225</td></tr><tr><td>Total tobacco taxes</td><td>89,965</td><td>148,010</td><td>176,735</td><td>Coin operated devices</td><td>5,357</td><td>5,833</td><td>12,779</td></tr><tr><td></td><td></td><td></td><td></td><td>Adulterated and processed or renovated butter, mixed flour 3/ and filled cheese</td><td>1</td><td>7</td><td>7</td></tr><tr><td></td><td></td><td></td><td></td><td>Oleomargarine, including special taxes</td><td>329</td><td>946</td><td>1,215</td></tr><tr><td></td><td></td><td></td><td></td><td>Narcotics, including marijuana and special taxes</td><td>42</td><td>191</td><td>224</td></tr><tr><td></td><td></td><td></td><td></td><td>Coconut and other vegetable oils processed</td><td>184</td><td>508</td><td>308</td></tr><tr><td></td><td></td><td></td><td></td><td>National Firearm Act</td><td>1</td><td>11</td><td>12</td></tr><tr><td></td><td></td><td></td><td></td><td>All other, including repealed taxes not listed above</td><td>2</td><td>13</td><td>3</td></tr><tr><td></td><td></td><td></td><td></td><td>Total miscellaneous taxes</td><td>103,312</td><td>211,126</td><td>295,925</td></tr><tr><td></td><td></td><td></td><td></td><td>Total miscellaneous internal revenue</td><td>594,917</td><td>798,905</td><td>1,246,534</td></tr><tr><td></td><td></td><td></td><td></td><td>Total internal revenue</td><td>1,672,217</td><td>1,488,822</td><td>3,671,102</td></tr></table>
Source: Reports of collections.
* Less than $500.
1/ Excludes collections for credit to certain trust accounts for territories and insular possessions, etc.
2/ Current collections conelit in general of taxes paid within twelve months after the close of the taxable year for which the return was filed.
1/ Tax imposed upon the manufacture and sale of, and the occupational tax on, mixed flour repealed as of November 1, 1942.
GOLD AND SILVER STATISTICS
- 68 -
69
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Gold Assets</th><th colspan="4">Liabilities</th></tr><tr><th></th><th></th><th>Gold Certificates 1/</th><th>Gold Reserve against U. S. notes, etc. 2/</th><th>Exchange Stabilization Fund 3/</th><th>Gold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,800.0</td><td>1,008.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,619.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,800.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939</td><td>17,643.4</td><td>15,278.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1940</td><td>21,994.5</td><td>19,825.4</td><td>156.0</td><td>1,800.0</td><td>213.2</td></tr><tr><td>1941</td><td>22,736.1</td><td>20,564.8</td><td>156.0</td><td>1,800.0</td><td>215.3</td></tr><tr><td>1942</td><td>22,726.3</td><td>20,611.9</td><td>156.0</td><td>1,800.0</td><td>158.4</td></tr><tr><td>1942-August</td><td>22,755.7</td><td>20,634.3</td><td>156.0</td><td>1,800.0</td><td>165.4</td></tr><tr><td>September</td><td>22,754.4</td><td>20,634.8</td><td>156.0</td><td>1,800.0</td><td>163.6</td></tr><tr><td>October</td><td>22,740.1</td><td>20,628.2</td><td>156.0</td><td>1,800.0</td><td>155.9</td></tr><tr><td>November</td><td>22,743.4</td><td>20,631.2</td><td>156.0</td><td>1,800.0</td><td>156.2</td></tr><tr><td>December</td><td>22,726.3</td><td>20,611.9</td><td>156.0</td><td>1,800.0</td><td>158.4</td></tr><tr><td>1943-January</td><td>22,683.0</td><td>20,578.5</td><td>156.0</td><td>1,800.0</td><td>148.5</td></tr><tr><td>February</td><td>22,643.8</td><td>20,533.7</td><td>156.0</td><td>1,800.0</td><td>154.3</td></tr><tr><td>March</td><td>22,575.7</td><td>20,470.8</td><td>156.0</td><td>1,800.0</td><td>148.9</td></tr><tr><td>April</td><td>22,472.7</td><td>20,360.4</td><td>156.0</td><td>1,800.0</td><td>156.2</td></tr><tr><td>May</td><td>22,426.4</td><td>20,318.1</td><td>156.0</td><td>1,800.0</td><td>152.3</td></tr><tr><td>June</td><td>22,387.5</td><td>20,281.3</td><td>156.0</td><td>1,800.0</td><td>150.2</td></tr><tr><td>July</td><td>22,334.8</td><td>20,219.4</td><td>156.0</td><td>1,800.0</td><td>159.4</td></tr><tr><td>August p</td><td>22,242.7</td><td>20,127.7</td><td>156.0</td><td>1,800.0</td><td>159.0</td></tr></table>
Source: Daily Treasury Statements
Preliminary. Comprise (1) gold certificates held by the public and in Federal Reserve Banks; and (2) gold certificate credits in (a) the
Gold Certificate Fund - Board of Governors, Federal Reserve System, and (b) the Redemption Fund - Federal Reserve notes. 2/ Reserve against United States notes and Treasury notes of 1890. 3/ Excludes gold in active portion of Exchange Stabilization Fund.
Monetary Stocks of Gold and Silver
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,608.4</td><td>2,249.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,963.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>1941</td><td>22,624.2</td><td>4,148.7</td><td>15.5</td></tr><tr><td>1942</td><td>22,736.7</td><td>4,306.3</td><td>15.9</td></tr><tr><td>1943</td><td>22,387.5</td><td>4,298.5</td><td>16.1</td></tr><tr><td>1942-August</td><td>22,755.7</td><td>4,317.2</td><td>15.9</td></tr><tr><td>September</td><td>22,754.4</td><td>4,320.2</td><td>16.0 r</td></tr><tr><td>October</td><td>22,740.1</td><td>4,319.7</td><td>16.0 r</td></tr><tr><td>November</td><td>22,743.4</td><td>4,319.6</td><td>16.0 r</td></tr><tr><td>December</td><td>22,726.3</td><td>4,317.6</td><td>16.0 r</td></tr><tr><td>1943-January</td><td>22,683.0</td><td>4,314.6</td><td>16.0</td></tr><tr><td>February</td><td>22,643.8</td><td>4,312.0</td><td>16.0</td></tr><tr><td>March</td><td>22,575.7</td><td>4,306.8</td><td>16.0</td></tr><tr><td>April</td><td>22,472.7</td><td>4,303.9</td><td>16.1</td></tr><tr><td>May</td><td>22,426.4</td><td>4,298.9</td><td>16.1</td></tr><tr><td>June</td><td>22,387.5</td><td>4,298.5</td><td>16.1</td></tr><tr><td>July</td><td>22,334.8</td><td>4,294.4</td><td>16.1</td></tr><tr><td>August p</td><td>22,242.7</td><td>4,276.6</td><td>16.1</td></tr></table>
Sources: Daily Treasury Statement and Circulation Statement of United States Money. p Preliminary. r Revised.
70
Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="2">Securing silver certificate 1/</th><th colspan="3">In General Fund</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per ounce</th></tr><tr><th>Silver bullion</th><th>Silver dollars</th><th>Subdiary coin 2/</th><th>Bullion for recoinage 2/</th><th>Bullion at cost</th><th>Silver dollar 1/</th><th>Subdiary coin 2/</th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.8</td><td>503.7</td><td>5.4</td><td>*</td><td>428.6</td><td>43.4</td><td>366.9</td><td>2,806.5</td></tr><tr><td>1938</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.8</td></tr><tr><td>1939</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>*</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>*</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1941</td><td>1,476.1</td><td>484.1</td><td>3.5</td><td>*</td><td>662.3</td><td>63.0</td><td>493.5</td><td>4,244.8</td></tr><tr><td>1942</td><td>1,516.2</td><td>468.3</td><td>9.2</td><td>*</td><td>628.2</td><td>78.8</td><td>587.3</td><td>4,317.6</td></tr><tr><td>1942-August</td><td>1,511.7</td><td>475.5</td><td>19.5</td><td>*</td><td>652.1</td><td>71.6</td><td>531.7</td><td>4,317.2</td></tr><tr><td>September</td><td>1,513.6</td><td>473.3</td><td>14.2</td><td>*</td><td>647.2</td><td>73.7</td><td>548.1</td><td>4,320.2</td></tr><tr><td>October</td><td>1,515.0</td><td>471.8</td><td>13.5</td><td>*</td><td>640.0</td><td>75.3</td><td>561.8</td><td>4,319.7</td></tr><tr><td>November</td><td>1,515.8</td><td>470.0</td><td>10.5</td><td>*</td><td>634.3</td><td>77.1</td><td>575.7</td><td>4,319.6</td></tr><tr><td>December</td><td>1,516.2</td><td>468.3</td><td>9.2</td><td>*</td><td>628.2</td><td>78.8</td><td>587.3</td><td>4,317.6</td></tr><tr><td>1943-January</td><td>1,516.3</td><td>467.8</td><td>19.5</td><td>*</td><td>621.1</td><td>79.4</td><td>588.5</td><td>4,314.6</td></tr><tr><td>February</td><td>1,516.3</td><td>466.8</td><td>30.3</td><td>*</td><td>613.9</td><td>80.3</td><td>590.0</td><td>4,312.0</td></tr><tr><td>March</td><td>1,516.8</td><td>465.5</td><td>35.9</td><td>*</td><td>606.0</td><td>81.6</td><td>596.0</td><td>4,306.8</td></tr><tr><td>April</td><td>1,517.9</td><td>463.6</td><td>36.9</td><td>*</td><td>600.0</td><td>83.0</td><td>604.7</td><td>4,303.9</td></tr><tr><td>May</td><td>1,518.8</td><td>458.7</td><td>41.2</td><td>*</td><td>593.6</td><td>84.3</td><td>612.7</td><td>4,298.9</td></tr><tr><td>June</td><td>1,519.7</td><td>453.3</td><td>36.9</td><td>.2</td><td>592.1</td><td>85.7</td><td>623.1</td><td>4,298.5</td></tr><tr><td>July</td><td>1,519.7</td><td>445.9</td><td>35.5</td><td>.2</td><td>589.1</td><td>87.5</td><td>633.2</td><td>4,294.4</td></tr><tr><td>August p</td><td>1,519.7</td><td>430.2</td><td>35.2</td><td>.2</td><td>585.3</td><td>88.5</td><td>641.3</td><td>4,276.6</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p Preliminary.
1/ Valued at $1.29+ per ounce.
2/ Valued at $1.38+ per ounce.
Silver Production in the United States and Silver Acquisition by Mints and Assay Offices
(In millions of ounces or dollars)
<table><tr><th rowspan="2">Calendar year or month</th><th rowspan="2">Silver production in United States Ounces</th><th colspan="6">Silver acquired by mints and assay offices</th></tr><tr><th>Total Ounces</th><th>Total Dollars</th><th>Newly mined domestic silver 2/ Ounces</th><th>Newly mined domestic silver 2/ Dollars</th><th>Nationalized silver 3/ Ounces</th><th>Nationalized silver 3/ Dollars</th><th>Foreign silver 4/ Ounces</th><th>Foreign silver 4/ Dollars</th></tr><tr><td>1934</td><td>32.5</td><td>304.9</td><td>155.9</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td></tr><tr><td>1935</td><td>45.6</td><td>534.3</td><td>346.5</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td></tr><tr><td>1936</td><td>63.4</td><td>333.4</td><td>197.8</td><td>61.1</td><td>47.3</td><td>.4</td><td>.2</td><td>271.9</td><td>150.3</td></tr><tr><td>1937</td><td>71.3</td><td>312.2</td><td>163.3</td><td>70.6</td><td>54.6</td><td>-</td><td>-</td><td>241.5</td><td>108.7</td></tr><tr><td>1938</td><td>61.7</td><td>417.1</td><td>199.1</td><td>61.6</td><td>42.4</td><td>-</td><td>-</td><td>355.4</td><td>156.9</td></tr><tr><td>1939</td><td>63.9</td><td>343.3</td><td>160.6</td><td>60.7</td><td>40.1</td><td>-</td><td>-</td><td>282.8</td><td>120.5</td></tr><tr><td>1940</td><td>67.0</td><td>208.0</td><td>99.4</td><td>68.3</td><td>48.5</td><td>-</td><td>-</td><td>139.8</td><td>50.9</td></tr><tr><td>1941</td><td>69.1</td><td>143.1</td><td>77.2</td><td>70.5</td><td>50.1</td><td>-</td><td>-</td><td>72.6</td><td>27.1</td></tr><tr><td>1942</td><td>54.5</td><td>62.1</td><td>40.0</td><td>47.9</td><td>34.0</td><td>-</td><td>-</td><td>14.3</td><td>6.0</td></tr><tr><td>1942-August</td><td>4.4</td><td>2.9</td><td>2.1</td><td>2.9</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September</td><td>4.6</td><td>2.5</td><td>1.8</td><td>2.5</td><td>1.8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October</td><td>3.8</td><td>2.0</td><td>1.4</td><td>2.0</td><td>1.4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>November</td><td>3.3</td><td>1.2</td><td>.9</td><td>1.2</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>December</td><td>3.7</td><td>.5</td><td>.4</td><td>.5</td><td>.4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1943-January</td><td>3.5</td><td>.1</td><td>.1</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>February</td><td>3.2</td><td>.1</td><td>.1</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March</td><td>3.6</td><td>.6</td><td>.5</td><td>.6</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April</td><td>3.6</td><td>1.6</td><td>1.1</td><td>1.6</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May</td><td>3.0</td><td>1.3</td><td>.9</td><td>1.3</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June</td><td>3.7</td><td>1.2</td><td>.8</td><td>1.2</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July</td><td>4.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>August</td><td>5/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Silver production; Annual Report of the Director of the Mint for annual figures through 1939; releases of American Bureau of Metal Statistics for all later figures.
1/ For information on silver production in other countries from 1933 through 1940 or 1941, see "Treasury Bulletin" for August 1943, page 74.
2/ Acquired at 6d. 6d. cents per fine ounce until April 9, 1935; at 71.11+ cents per fine ounce from that date until April 23.
1935; at 77.57+ cents from April 23, 1935 to December 31, 1937; at 64.64+ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11+ cents since July 1, 1939. Acquired at 50.01 cents per fine ounce. Executive Proclamation of August 9, 1934, repealed April 28, 1938. Acquired at various prices averaging approximately 51 cents per ounce. Not yet available.
71
Seigniorage on Silver
(Cumulative from January 1, 1934 - In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Seigniorage on silver and minor coins</th><th colspan="5">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in General Fund 2/</th></tr><tr><th></th><th></th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Newly-mined silver (Proc. Dec. 21, 1933)</th><th>Newly-mined silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>132.6</td></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.7</td><td>759.4</td><td>1,055.8</td></tr><tr><td>1941</td><td>182.1</td><td>48.7</td><td>87.6</td><td>48.3</td><td>580.4</td><td>34.7</td><td>799.7</td><td>1,089.0</td></tr><tr><td>1942</td><td>245.7</td><td>48.7</td><td>87.6</td><td>63.6</td><td>584.3</td><td>34.7</td><td>818.9</td><td>1,048.2</td></tr><tr><td>1942-August</td><td>218.5</td><td>48.7</td><td>87.6</td><td>61.6</td><td>584.3</td><td>34.7</td><td>816.9</td><td>1,085.5</td></tr><tr><td>September</td><td>225.8</td><td>48.7</td><td>87.6</td><td>62.4</td><td>584.3</td><td>34.7</td><td>817.7</td><td>1,082.5</td></tr><tr><td>October</td><td>233.4</td><td>48.7</td><td>87.6</td><td>63.1</td><td>584.3</td><td>34.7</td><td>818.4</td><td>1,068.5</td></tr><tr><td>November</td><td>239.5</td><td>48.7</td><td>87.6</td><td>63.4</td><td>584.3</td><td>34.7</td><td>818.7</td><td>1,060.0</td></tr><tr><td>December</td><td>245.7</td><td>48.7</td><td>87.6</td><td>63.6</td><td>584.3</td><td>34.7</td><td>818.9</td><td>1,048.2</td></tr><tr><td>1943-January</td><td>251.0</td><td>48.7</td><td>87.6</td><td>63.6</td><td>584.3</td><td>34.7</td><td>818.9</td><td>1,029.7</td></tr><tr><td>February</td><td>257.5</td><td>48.7</td><td>87.6</td><td>63.6</td><td>584.3</td><td>34.7</td><td>818.9</td><td>1,048.4 3/</td></tr><tr><td>March</td><td>264.9</td><td>48.7</td><td>87.6</td><td>63.9</td><td>584.3</td><td>34.7</td><td>819.2</td><td>1,038.9</td></tr><tr><td>April</td><td>271.9</td><td>48.7</td><td>87.6</td><td>64.4</td><td>584.3</td><td>34.7</td><td>819.7</td><td>1,036.6</td></tr><tr><td>May</td><td>277.5</td><td>48.7</td><td>87.6</td><td>64.8</td><td>584.3</td><td>34.7</td><td>820.1</td><td>1,029.5</td></tr><tr><td>June</td><td>280.1</td><td>48.7</td><td>87.6</td><td>65.2</td><td>584.3</td><td>34.7</td><td>820.5</td><td>1,029.5</td></tr><tr><td>July</td><td>283.3</td><td>48.7</td><td>87.6</td><td>65.2</td><td>584.3</td><td>34.7</td><td>820.5</td><td>1,026.5</td></tr><tr><td>August</td><td>286.0</td><td>48.7</td><td>87.6</td><td>65.2</td><td>584.3</td><td>34.7</td><td>820.5</td><td>1,020.0</td></tr></table>
Basic: Daily Treasury Statements.
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes.
3/ Increase due principally to cumulative adjustment in computing average cost per ounce.
OTHER TREASURY STATISTICS
-72-
73
Net Capital Movement to the United States, 1935 through June 1943
In thousands of dollars. Net capital outflow (-)
<table><tr><th>Period</th><th>Net capital movement</th><th>Movement in short-term banking funds</th><th>Movement in brokerage balances</th><th>Movement in transactions in domestic securities</th><th>Movement in transactions in foreign securities</th></tr><tr><td>Calendar year:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935 (Jan. 2, 1935-Jan. 1, 1936)</td><td>1,412,486</td><td>964,629</td><td>6,039</td><td>316,660</td><td>125,158</td></tr><tr><td>1936 (Jan. 2, 1936-Dec. 30, 1936)</td><td>1,195,922</td><td>397,342</td><td>6,811</td><td>600,693</td><td>191,076</td></tr><tr><td>1937 (Dec. 31, 1936-Dec. 29, 1937)</td><td>801,915</td><td>255,594</td><td>34,687</td><td>244,626</td><td>267,008</td></tr><tr><td>1938 (Dec. 30, 1937-Dec. 28, 1938)</td><td>415,256</td><td>331,268</td><td>34</td><td>57,196</td><td>26,758</td></tr><tr><td>1939 (Dec. 29, 1938-Jan. 3, 1940)</td><td>1,195,635</td><td>1,132,383</td><td>32,990</td><td>-85,427</td><td>115,689</td></tr><tr><td>1940 (Jan. 4, 1940-Dec. 31, 1940)</td><td>706,380</td><td>852,928</td><td>20,358</td><td>-245,062</td><td>78,156</td></tr><tr><td>1941 (Jan. 1, 1941-Dec. 31, 1941)</td><td>496,923</td><td>-286,622</td><td>49</td><td>-261,955</td><td>51,703</td></tr><tr><td>1942 (Jan. 1, 1942-Dec. 31, 1942)</td><td>604,321</td><td>561,573</td><td>3,513</td><td>46,599</td><td>-7,364</td></tr><tr><td>1943 (Jan. 1, 1943-June 30, 1943)</td><td>671,408</td><td>690,442</td><td>7,749</td><td>14,594</td><td>41,377</td></tr><tr><td>Total (Jan. 2, 1935-June 30, 1943)</td><td>6,506,400</td><td>4,899,537</td><td>112,132</td><td>687,924</td><td>806,807</td></tr><tr><td>Monthes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-January (Jan. 1-Jan. 29)</td><td>-33,066</td><td>41,612</td><td>-2,154</td><td>-76,775</td><td>4,251</td></tr><tr><td>February (Jan. 30-Feb. 26)</td><td>-130,067</td><td>-97,000</td><td>-1,571</td><td>-36,132</td><td>4,636</td></tr><tr><td>March (Feb. 27-Apr. 2)</td><td>-37,998</td><td>37,410</td><td>-1,323</td><td>-74,028</td><td>-57</td></tr><tr><td>April (Apr. 3-Apr. 30)</td><td>126,067</td><td>139,995</td><td>2,369</td><td>-19,313</td><td>3,016</td></tr><tr><td>May (May 1-May 28)</td><td>-16,682</td><td>5,119</td><td>-694</td><td>40,852</td><td>19,745</td></tr><tr><td>June (May 29-July 2)</td><td>-60,434</td><td>49,369</td><td>678</td><td>-10,387</td><td>-1,356</td></tr><tr><td>July (July 3-July 30)</td><td>-68,540</td><td>-67,039</td><td>1,227</td><td>-7,585</td><td>4,857</td></tr><tr><td>August (July 31-Sept. 3)</td><td>-28,600</td><td>-26,041</td><td>1,740</td><td>-7,086</td><td>2,787</td></tr><tr><td>September (Sept. 4-Oct. 1)</td><td>31,980</td><td>25,939</td><td>-288</td><td>6,956</td><td>-627</td></tr><tr><td>October (Oct. 2-Oct. 29)</td><td>-7,036</td><td>-8,728</td><td>-262</td><td>-2,153</td><td>4,107</td></tr><tr><td>November (Oct. 30-Dec. 3)</td><td>-123,919</td><td>-129,220</td><td>387</td><td>-838</td><td>5,752</td></tr><tr><td>December (Dec. 4-Dec. 31)</td><td>-148,628</td><td>-159,300</td><td>-158</td><td>6,238</td><td>4,592</td></tr><tr><td>1942-January (Jan. 1-Jan. 28)</td><td>-66,927</td><td>-74,305</td><td>1,175</td><td>1,264</td><td>1,939</td></tr><tr><td>February (Jan. 29-Feb. 25)</td><td>-94,698</td><td>-88,565</td><td>-59</td><td>-4,782</td><td>-1,292</td></tr><tr><td>March (Feb. 26-Apr. 1)</td><td>13,345</td><td>19,020</td><td>2,297</td><td>-1,329</td><td>-6,643</td></tr><tr><td>April (Apr. 2-Apr. 29)</td><td>227,185</td><td>232,238</td><td>-370</td><td>1,687</td><td>-6,370</td></tr><tr><td>May (Apr. 30-June 3)</td><td>103,821</td><td>100,712</td><td>640</td><td>2,458</td><td>11</td></tr><tr><td>June (June 4-June 30)</td><td>81,881</td><td>81,602</td><td>1,692</td><td>2,961</td><td>4,374</td></tr><tr><td>July</td><td>47,282</td><td>58,078</td><td>-2,593</td><td>1,303</td><td>-9,506</td></tr><tr><td>August</td><td>57,345</td><td>48,413</td><td>251</td><td>9,427</td><td>-746</td></tr><tr><td>September</td><td>55,018</td><td>46,121</td><td>3,574</td><td>3,401</td><td>1,922</td></tr><tr><td>October</td><td>39,788</td><td>23,382</td><td>-3,331</td><td>8,146</td><td>11,591</td></tr><tr><td>November</td><td>66,905</td><td>57,538</td><td>-90</td><td>6,725</td><td>2,732</td></tr><tr><td>December</td><td>73,376</td><td>57,339</td><td>327</td><td>12,338</td><td>3,372</td></tr><tr><td>1943-January</td><td>72,750</td><td>151,809</td><td>2,658</td><td>5,205</td><td>-86,922</td></tr><tr><td>February</td><td>107,175</td><td>119,683</td><td>-600</td><td>-2,503</td><td>-9,405</td></tr><tr><td>March</td><td>132,152</td><td>61,505</td><td>2,134</td><td>9,881</td><td>58,632</td></tr><tr><td>April</td><td>65,206</td><td>58,289</td><td>922</td><td>6,937</td><td>-942</td></tr><tr><td>May</td><td>70,330</td><td>74,311</td><td>-1,027</td><td>-389</td><td>-2,555</td></tr><tr><td>June</td><td>223,795</td><td>224,845</td><td>3,662</td><td>-4,537</td><td>-175</td></tr></table>
Note: Monthly figures commencing with January 1941 are reprinted above in order to bring together all of the latest revisions. The weekly series of capital movement data through
July 1, 1942 was superseded by a revised monthly series commencing with July 1942. For explanation, see "Treasury Bulletin" for October 1942, page 78.
Treas.
HJ
10
.A2
1943
c.2
U.S. Treasury Dept. Treasury Bulletin