Treas. HJ 10 A2 c.2
TREASURY DEPARTMENT
LIBRARY
Room: 5013
LIBRARY ROOM 5030
JUN 7, 1972
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
JUNE
1944
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
June 1944
Cumulative Table of Contents
<table><tr><th></th><th colspan="7">1944</th><th colspan="7">1943</th></tr><tr><th></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><th>Sept.</th><th>Aug.</th><th>July</th></tr><tr><td>I. Special articles</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 Loans:</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>Fifth War Loan, June-July 1944:</td><td></td><td></td><td></td><td>A-3</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Outline of plan.</td><td></td><td></td><td></td><td>A-4</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comparison of features of securities offered.</td><td></td><td></td><td></td><td>A-5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Fourth War Loan, January-February 1944:</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>Sales of securities, classified by issues, by types of investor, and by States.</td><td></td><td></td><td></td><td></td><td>A-11</td><td>A-2</td><td></td><td>7</td><td></td><td></td><td></td><td></td></tr><tr><td>Preliminary report on sales.</td><td></td><td></td><td></td><td></td><td>A-11</td><td>A-2</td><td></td><td>8-9</td><td></td><td></td><td></td><td></td></tr><tr><td>Outline of plan.</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>Comparison of features of securities offered.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1-7</td><td></td><td>2-3</td><td></td></tr><tr><td>Third War Loan, September 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>4</td></tr><tr><td>Sales of securities, classified by issues, by types of investor, and by States.</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>Comparison of features of securities offered.</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>Redemption values and investment yields of United States savings bonds and Treasury savings notes.</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>Geographic distribution of bank deposits, December 31, 1941, 1942, and 1943.</td><td></td><td></td><td>A-1-A-11</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corporate net income, income taxes, and dividends, 1936-1944.</td><td></td><td></td><td>A-2-A-3</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Security purchases outside Fourth War Loan by commercial banks and by U. S. Government agencies and trust funds.</td><td></td><td></td><td></td><td></td><td>A-12</td><td>A-2</td><td></td><td>7</td><td></td><td>8</td><td></td><td></td></tr><tr><td>Treasury market financing.</td><td></td><td></td><td>A-4</td><td>A-2</td><td>A-12</td><td>A-2</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury market refunding operations in March 1944.</td><td></td><td></td><td></td><td></td><td>A-13</td><td></td><td></td><td>1-6</td><td></td><td></td><td></td><td></td></tr><tr><td>Financing the war and the post-war readjustment.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2-5</td></tr><tr><td>Financial operations of the United States Government during the fiscal year 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>II. Summary of fiscal statistics</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>Budgetary receipts and expenditures.</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>10</td><td>2</td><td>10</td><td>2</td><td>6</td><td>8</td></tr><tr><td>Public debt and guaranteed obligations outstanding.</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>11</td><td>3</td><td>11</td><td>3</td><td>7</td><td>9</td></tr><tr><td>Means of financing cash requirements.</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>11</td><td>3</td><td>11</td><td>3</td><td>7</td><td>9</td></tr><tr><td>III. Receipts and expenditures and appropriations</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>Appropriations and net contract authorizations for the war activities program as of month-end preceding month of publication.</td><td>5-6</td><td>5-6</td><td>5-6</td><td>5-6</td><td>5-6</td><td>5-6</td><td>13-14</td><td>5-6</td><td>13-14</td><td>5-6</td><td>9-10</td><td>11-12</td></tr><tr><td>Budgetary receipts and expenditures:</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 by major classifications.</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>15</td><td>7</td><td>15</td><td>7</td><td>11</td><td>13</td></tr><tr><td>Analysis of receipts from internal revenue.</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>16</td><td>8</td><td>16</td><td>8</td><td>12</td><td>14</td></tr><tr><td>Analysis of general expenditures.</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>17</td><td>9</td><td>17</td><td>9</td><td>12</td><td>14</td></tr><tr><td>Analysis of expenditures for 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><td></td></tr><tr><td>Analysis of expenditures for (1) revolving funds and (2) transfers to trust accounts, etc.</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>17</td><td>9</td><td>17</td><td>9</td><td>13</td><td>15</td></tr><tr><td>Total budgetary receipts and expenditures, by months, for recent years.</td><td>10-11</td><td>10-11</td><td>10-11</td><td>10-11</td><td>10-11</td><td>10-11</td><td>18-19</td><td>10-11</td><td>18-19</td><td>10-11</td><td>13-14</td><td>15-16</td></tr><tr><td>Trust account, etc. receipts and expenditures.</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>20</td><td>12</td><td>20</td><td>12</td><td>15</td><td>17</td></tr><tr><td>Means of financing cash requirements.</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>21</td><td>13</td><td>21</td><td>13</td><td>16</td><td>18</td></tr><tr><td>Social Security program:</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>Budgetary receipts and expenditures:</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>Social Security Act.</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>22</td><td>14</td><td>22</td><td>14</td><td>17</td><td>19</td></tr><tr><td>Railroad Retirement Act.</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>23</td><td>15</td><td>23</td><td>15</td><td>18</td><td>20</td></tr><tr><td>Railroad Unemployment Insurance Act.</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>23</td><td>15</td><td>23</td><td>15</td><td>10</td><td>20</td></tr><tr><td>Statement of trust accounts:</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>Federal Old-Age and Survivors Insurance Trust Fund.</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>24</td><td>16</td><td>24</td><td>16</td><td>19</td><td>21</td></tr><tr><td>Railroad Retirement Account.</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>24</td><td>16</td><td>24</td><td>16</td><td>19</td><td>21</td></tr><tr><td>Unemployment Trust Fund.</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>24</td><td>16</td><td>24</td><td>16</td><td>19</td><td>21</td></tr><tr><td>Cash income and outgo 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></tr><tr><td>Analysis by major classifications.</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>25</td><td>17</td><td>25</td><td>17</td><td>20</td><td>22</td></tr><tr><td>Total cash income and outgo by months 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 1938.</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>25</td><td>17-18</td><td>25-26</td><td>17-18</td><td>20-21</td><td>22-23</td></tr><tr><td>January 1939.</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>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></tr><tr><td>Assets, liabilities, and balance in General Fund.</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>27</td><td>20</td><td>28</td><td>20</td><td>23</td><td>25</td></tr><tr><td>Analysis of changes in balance of General Fund.</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>28</td><td>21</td><td>29</td><td>21</td><td>24</td><td>26</td></tr></table>
(Continued on following page)
Treasury Bulletin
Cumulative Table of Contents - (Continued)
<table><tr><th rowspan="2"></th><th colspan="10">Issue and page number</th></tr><tr><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><th>Sept.</th><th>Aug.</th><th>July</th></tr><tr><td colspan="13">V. Public debt and guaranteed obligations of United States Government</td></tr><tr><td>Public debt and guaranteed obligations:</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</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>30</td><td>23</td><td>31</td><td></td><td></td><td></td></tr><tr><td>Detailed statement</td><td>23-24</td><td>23-24</td><td>23-24</td><td>23</td><td>23</td><td>23</td><td>31</td><td>24</td><td>32</td><td>23</td><td>26</td><td>28</td></tr><tr><td>Chart</td><td>25</td><td>25</td><td>25</td><td>24</td><td>24</td><td>24</td><td>32</td><td>25</td><td>33</td><td>25</td><td>28</td><td>30</td></tr><tr><td>Public 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></tr><tr><td>Issuance and retirement (receipts and expenditures)</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>30</td><td>23</td><td>31</td><td>24</td><td>27</td><td>29</td></tr><tr><td>Interest-bearing debt, composition of</td><td>24</td><td>24</td><td>24</td><td>25</td><td>25</td><td>25</td><td>33</td><td>26</td><td>34</td><td>24</td><td>27</td><td>29</td></tr><tr><td>Guaranteed obligations held by Treasury</td><td>26</td><td>26</td><td>27</td><td>25</td><td>25</td><td>25</td><td>33</td><td>26</td><td>34</td><td></td><td></td><td></td></tr><tr><td>Debt position of United States Government under limitations imposed by Section 21 of the Second Liberty Bond Act, as amended:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>31</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>35</td><td></td><td></td><td></td></tr><tr><td>September 30, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td>26</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1943</td><td></td><td></td><td>26</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1944</td><td></td><td></td><td>26</td><td></td><td></td><td></td><td>34</td><td></td><td>36</td><td>26</td><td>29</td><td>32</td></tr><tr><td>Computed interest charge and computed interest rate</td><td>26</td><td>26</td><td>27</td><td>26</td><td>26</td><td>27</td><td>34</td><td>27</td><td>36</td><td>26</td><td>29</td><td>32</td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities issued or guaranteed by the United States, as of month-and preceding month of publication</td><td>27-29</td><td>27-29</td><td>28-30</td><td>27-29</td><td>27-29</td><td>28-30</td><td>35-37</td><td>28-30</td><td>37-39</td><td>27-28</td><td>30-31</td><td>33-34</td></tr><tr><td>Offerings of marketable 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>Treasury bonds, notes, and certificates of indebtedness 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 1, 1940</td><td></td><td></td><td></td><td></td><td></td><td>31</td><td>38</td><td>31</td><td>40</td><td>29</td><td>32</td><td>35</td></tr><tr><td>January 1, 1941</td><td>30</td><td></td><td></td><td>30</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 1, 1942</td><td>30</td><td>30</td><td>31</td><td>30</td><td>31</td><td>32-33</td><td>39-40</td><td>32</td><td>41</td><td>30</td><td>33</td><td>36</td></tr><tr><td>Treasury bills</td><td>31-32</td><td>31-32</td><td>32-33</td><td>31-32</td><td>31-32</td><td>32-33</td><td>39-40</td><td>32</td><td>41</td><td>30</td><td>33</td><td>36</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>33-34</td><td>33-34</td><td>34-35</td><td>33-34</td><td>33-34</td><td>34-35</td><td>41-42</td><td>33-34</td><td>42-43</td><td>31-32</td><td>34-35</td><td>37-38</td></tr><tr><td>Sales by series, classified by denominations</td><td>35</td><td>35</td><td>36</td><td>35-36</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales to investe other than commercial banks by series, classified by States</td><td>36-37</td><td>36-37</td><td>37-38</td><td>37-38</td><td>36-37</td><td>37-38</td><td>44-45</td><td>36-37</td><td>45-46</td><td>34-35</td><td>37-38</td><td>40-41</td></tr><tr><td>Redemption values and investment yields</td><td>38</td><td>38</td><td>39</td><td>39</td><td>38</td><td>39</td><td>46</td><td>38</td><td>47</td><td>36</td><td>39</td><td>42</td></tr><tr><td>Payroll savings plane</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 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>38-39</td><td>39-40</td><td>40-41</td><td>40-41</td><td>39-40</td><td>40-41</td><td>47-48</td><td>39-40</td><td>48-49</td><td>37-38</td><td>40-41</td><td>45,48</td></tr><tr><td>Sales, classified by:</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>Denomination</td><td>40</td><td>41</td><td>42</td><td>42</td><td>41</td><td>42</td><td>49</td><td>42</td><td>50</td><td>39</td><td>42</td><td>46</td></tr><tr><td>Type of purchaser</td><td>40</td><td>41</td><td>42</td><td>42</td><td>41</td><td>42</td><td>49</td><td>41</td><td>50</td><td>39</td><td>42</td><td>47</td></tr><tr><td>Redemption values and investment yields</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></td><td></td><td></td></tr><tr><td>Summary of sales and redemptions</td><td>41</td><td>42</td><td>43</td><td>43</td><td>42</td><td>43</td><td>50</td><td>42</td><td>51</td><td>40</td><td>43</td><td>43</td></tr><tr><td>Sales, classified by:</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>Denomination</td><td>41</td><td>42</td><td>43</td><td>43</td><td>42</td><td>43</td><td>50</td><td>42</td><td>51</td><td>40</td><td>43</td><td>43</td></tr><tr><td>States</td><td></td><td></td><td>44</td><td>43</td><td>44</td><td>51</td><td>43</td><td>52</td><td>41</td><td>44</td><td>44</td><td></td></tr><tr><td colspan="13">VI. Ownership of United States Government securities</td></tr><tr><td>Summary distribution, by holders, of securities issued or guaranteed by the United States</td><td>43</td><td>44</td><td>45</td><td>46</td><td>45</td><td>46</td><td>53</td><td>45</td><td>54</td><td>43</td><td>46</td><td>50</td></tr><tr><td>Estimated ownership of interest-bearing securities issued or guaranteed by the United States</td><td>44</td><td>45</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts, monthly beginning January 1937</td><td>44</td><td>45</td><td>45</td><td>46</td><td>45</td><td>46</td><td>53</td><td>45</td><td>54</td><td>43</td><td>46</td><td>50</td></tr><tr><td>Treasury survey of ownership by banks and insurance companies of United States 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>May 31, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td>52-63</td><td></td><td></td><td>47-52</td><td>51-56</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>July 31, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>44-49</td><td></td><td></td><td></td><td></td></tr><tr><td>August 31, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>55-60</td><td></td><td></td><td></td><td></td></tr><tr><td>September 30, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td>46-51</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October 31, 1943</td><td></td><td></td><td></td><td></td><td></td><td>54-59</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November 30, 1943</td><td>52-57</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></tr><tr><td>December 31, 1943</td><td>52-57</td><td></td><td>46-51</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 31, 1944</td><td>52-57</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>February 29, 1944</td><td>52-57</td><td>46-51</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, 1944</td><td>46-51</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>April 30, 1944</td><td>45-48</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>Revision of classification of insurance company date, quarterly March 31, 1941 through March 31, 1943, and April 30 and May 31, 1943</td><td></td><td></td><td></td><td></td><td></td><td></td><td>52-63</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reclassification of date on banks, monthly November 30, 1943 through February 29, 1944</td><td>52-57</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>Ownership by member and nonmember commercial banks, December 31, 1943</td><td>58-63</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)
June 1944
Cumulative Table of Contents
(Continued)
<table><tr><th></th><th colspan="7">Issue and page number 1944</th><th colspan="7">Issue and page number 1943</th></tr><tr><th></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><th>Sept.</th><th>Aug.</th><th>July</th></tr><tr><td colspan="13">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 month-end preceding month of publication</td><td>50-52</td><td>65-67</td><td>53-55</td><td>54-56</td><td>53-55</td><td>54-56</td><td>61-63</td><td>65-67</td><td>62-64</td><td>51-53</td><td>54-56</td><td>58-60</td></tr><tr><td>Chart showing yield structure of Treasury bonds and notes</td><td>53</td><td>68</td><td>56</td><td>57</td><td>56</td><td>57</td><td>64</td><td>68</td><td>65</td><td>54</td><td>57</td><td>61</td></tr><tr><td>Average yields of long-term Treasury bonds and high-grade corporate bonds: Discussion of revision of long-term Treasury bond average. Yields, monthly and weekly, beginning with January 1933. Yields beginning with 1936</td><td>54-55</td><td>69-70</td><td>57-61</td><td>58-60</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="13">VIII. Government corporations and credit agencies of the United States</td></tr><tr><td>Assets and liabilities and proprietary interest: May 31, 1943. June 30, 1943. July 31, 1943. August 31, 1943. September 30, 1943. October 31, 1943. November 30, 1943. December 31, 1943. January 31, 1944. February 29, 1944. March 31, 1944. April 30, 1944.</td><td></td><td></td><td></td><td></td><td></td><td>61-62</td><td>65-66</td><td>69-70</td><td>58-59</td><td>72-73</td><td>68-69</td><td></td></tr><tr><td>Sources and uses of funds: Fiscal year to date. From inception of organization.</td><td>59-60</td><td>74-75</td><td>65-66</td><td>64-65</td><td>62-63</td><td>63-64</td><td>70-71</td><td>74-75</td><td>71-72</td><td>60-61</td><td>63-64</td><td>57-68</td></tr><tr><td></td><td>61-62</td><td>75-77</td><td>67-68</td><td>66-67</td><td>64-65</td><td>65-66</td><td>72-73</td><td>76-77</td><td>73-74</td><td>62-63</td><td>65-66</td><td>69-70</td></tr><tr><td colspan="13">IX. Internal revenue statistics</td></tr><tr><td>Collections of internal revenue: Summary data. Comparative details for current periods</td><td>64-65</td><td>79-80</td><td>70-71</td><td>69-70</td><td>67-68</td><td>68-69</td><td>75-76</td><td>79-80</td><td>76-77</td><td>65-66</td><td>68-69</td><td>72-73</td></tr><tr><td></td><td>66</td><td>81</td><td>72</td><td>71</td><td>69</td><td>70</td><td>77</td><td>81</td><td>78</td><td>67</td><td>70</td><td>74</td></tr><tr><td colspan="13">X. Monetary statistics</td></tr><tr><td>Gold assets and liabilities of the Treasury</td><td>68</td><td>83</td><td>74</td><td>73</td><td>71</td><td>72</td><td>79</td><td>83</td><td>80</td><td>69</td><td>72</td><td>76</td></tr><tr><td>Increment from reduction in weight of gold dollar, cumulative to: June 30, 1943. September 30, 1943. December 31, 1943. March 31, 1944.</td><td></td><td>74</td><td></td><td></td><td></td><td>72</td><td></td><td>80</td><td></td><td></td><td></td><td>76</td></tr><tr><td>Treasury gold receipts, for recent quarterly periods</td><td>68</td><td>83</td><td>74</td><td>73</td><td>71</td><td>72</td><td>79</td><td>83</td><td>80</td><td>69</td><td>72</td><td>76</td></tr><tr><td>Monetary stocks of gold and silver</td><td>68</td><td>83</td><td>74</td><td>73</td><td>71</td><td>72</td><td>79</td><td>83</td><td>80</td><td>69</td><td>72</td><td>76</td></tr><tr><td>Components of silver monetary stock</td><td>69</td><td>84</td><td>75</td><td>74</td><td>72</td><td>73</td><td>80</td><td>84</td><td>81</td><td>70</td><td>73</td><td>77</td></tr><tr><td>Silver of specified classifications acquired by mints and assay offices</td><td>69</td><td>84</td><td>75</td><td>74</td><td>72</td><td>73</td><td>80</td><td>84</td><td>81</td><td>70</td><td>73</td><td>77</td></tr><tr><td>Silver production: In United States. In foreign countries</td><td>69</td><td>84</td><td>75</td><td>74</td><td>72</td><td>73</td><td>80</td><td>84</td><td>81</td><td>70</td><td>74</td><td>78</td></tr><tr><td>Seigniorage on silver, by types</td><td>70</td><td>85</td><td>76</td><td>75</td><td>73</td><td>74</td><td>81</td><td>85</td><td>82</td><td>71</td><td>74</td><td>78</td></tr><tr><td>Capital movement between the United States and foreign countries</td><td>70</td><td>87</td><td>80</td><td>77</td><td>75</td><td>78</td><td>83</td><td>87</td><td>86</td><td>73</td><td>76</td><td>82</td></tr><tr><td>Balance sheet of the Exchange Stabilization Fund: March 31, 1943. June 30, 1943. September 30, 1943. December 31, 1943.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>84-85</td><td></td><td>76-77</td><td></td><td>80-81</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>78-79</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.
June 1944
A-1
Geographic Distribution of Bank Deposits
In order to assist State War Finance Committees in subdividing their State quotas for war bond drives into county and other local goals, the Treasury Department this year has again made a compilation of the distribution of bank deposits by counties. This compilation has been made from data supplied (1) by the Comptroller of the Currency for all national banks and banks in the District of Columbia, (2) by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks for all State member banks, and (3) by the Federal Deposit Insurance Corporation for all nonmember insured banks. The Federal Deposit Insurance Corporation also obtained data on the deposits of noninsured banks from the appropriate State supervisory authorities.
Data were compiled only on the deposits of "individuals, partnerships, and corporations" (listed as a single item in the banks' reports). These deposits, amounting to $89.6 billion on December 31, 1943, exclude deposits of Federal, State, and local governments, interbank deposits, and certain minor classes of deposits, and compare with total
deposits of all classes of $118.3 billion on the same date. The compilation covers all banks in the continental United States, including commercial, stock savings, and mutual savings banks.
The accompanying maps show the distribution of total deposits of individuals, partnerships, and corporations as of December 31, 1943, and the percentage net change for the calendar year 1943 for the twenty-five largest metropolitan areas and for the residual portion of the States, excluding these areas. The twenty-five metropolitan areas selected were those having the largest volume of total bank deposits of individuals, partnerships, and corporations on December 31, 1943. The boundaries of these areas follow county lines and are those used by the Bureau of the Census. The table below lists these metropolitan areas in the order of deposit size and indicates the component counties for each area.
It is interesting to note that while these twenty-five areas had approximately 34.5 percent of the nation's civilian popula-
Twenty-five Metropolitan Areas and the Counties Comprising the Areas
<table><tr><th>Metropolitan area and county</th><th>Metropolitan area and county</th><th>Metropolitan area and county</th><th>Metropolitan area and county</th></tr><tr><td>1.New York<br>Bronx, N. Y.<br>Kings, N. Y.<br>Nassau, N. Y.<br>New York, N. Y.<br>Queens, N. Y.<br>Richmond, N. Y.<br>Rockland, N. Y.<br>Westchester, N. Y.<br>Bergen, N. J.<br>Essex, N. J.<br>Hudson, N. J.<br>Middlesex, N. J.<br>Monmouth, N. J.<br>Morris, N. J.<br>Passaic, N. J.<br>Union, N. J.</td><td>4.Philadelphia<br>Delaware, Pa.<br>Montgomery, Pa.<br>Philadelphia, Pa.<br>Burlington, N. J.<br>Camden, N. J.<br>Gloucester, N. J.</td><td>10.St. Louis<br>St. Louis City, Mo.<br>St. Charles, Mo.<br>St. Louis, Mo.<br>Madison, Ill.<br>St. Clair, Ill.</td><td>16.Cincinnati<br>Hamilton, Ohio<br>Dearborn, Ind.<br>Campbell, Ky.<br>Kenton, Ky.</td></tr><tr><td>2.Chicago<br>Cook, Ill.<br>Du Page, Ill.<br>Lake, Ill.<br>Lake, Ind.</td><td>5.Los Angeles<br>Los Angeles, Cal.<br>Orange, Cal.</td><td>11.Baltimore<br>Baltimore City, Md.<br>Anne Arundel, Md.<br>Baltimore, Md.</td><td>17.Providence<br>Bristol, R. I.<br>Kent, R. I.<br>Newport, R. I.<br>Providence, R. I.</td></tr><tr><td>3.Boston<br>Essex, Mass.<br>Middlesex, Mass.<br>Norfolk, Mass.<br>Plymouth, Mass.<br>Suffolk, Mass.</td><td>6.San Francisco<br>Alameda, Cal.<br>Contra Costa, Cal.<br>Marin, Cal.<br>San Francisco, Cal.<br>San Mateo, Cal.<br>Solano, Cal.</td><td>12.Buffalo<br>Erie, N. Y.<br>Niagara, N. Y.</td><td>18.Seattle<br>King, Wash.</td></tr><tr><td></td><td>7.Detroit<br>Macomb, Mich.<br>Oakland, Mich.<br>Wayne, Mich.</td><td>13.Minneapolis-St.Paul<br>Anoka, Minn.<br>Hennepin, Minn.<br>Ramsey, Minn.<br>Washington, Minn.</td><td>19.Milwaukee<br>Milwaukee, Wis.</td></tr><tr><td></td><td>8.Pittsburgh<br>Alleghany, Pa.<br>Fayette, Pa.<br>Washington, Pa.<br>Westmoreland, Pa.</td><td>14.Hartford<br>Hartford, Conn.<br>Middlesex, Conn.</td><td>20.Rochester<br>Monroe, N. Y.</td></tr><tr><td></td><td>9.Cleveland<br>Cuyahoga, Ohio</td><td>15.Washington<br>Dist. of Columbia<br>Montgomery, Md.<br>Prince Georges, Md.<br>Alexandria City, Va.<br>Arlington, Va.</td><td>21.Houston<br>Harris, Texas</td></tr><tr><td></td><td></td><td></td><td>22.New Haven<br>New Haven, Conn.</td></tr><tr><td></td><td></td><td></td><td>23.Bridgeport<br>Fairfield, Conn.</td></tr><tr><td></td><td></td><td></td><td>24.Kansas City<br>Jackson, Mo.<br>Johnson, Kans.<br>Wyandotte, Kans.</td></tr><tr><td></td><td></td><td></td><td>25.Worcester<br>Worcester, Mass.</td></tr></table>
Source: Bureau of the Census. 1/ Independent cities which are not a part
of any county have been indicated by use of "oity" after the nams.
A-2
Treasury Bulletin
TOTAL BANK DEPOSITS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ON DECEMBER 31, 1943
States Excluding the 25 Metropolitan Areas
June 1944
A-3
PERCENTAGE CHANGE IN TOTAL BANK DEPOSITS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS FOR CALENDAR YEAR 1943
A-4
Treasury Bulletin
tion at the end of 1943, they had 62.1 percent of the total deposits of individuals, partnerships, and corporations. The latter percentage has declined in the past two years, however. It was 63.6 percent on December 31, 1942, and 66.7 percent on December 31, 1941.
Table I, which appears on page A-4, shows the demand, time, and total deposits of individuals, partnerships, and corporations for each of the twenty-five metropolitan areas at the end of the calendar years 1941, 1942, and 1943, with the net increases or decreases for the years 1942 and 1943 and the percentage changes.
Table II shows the same type of information as Table I but covers the whole country, by States, and further subdivides those States in which metropolitan counties occur between the metropolitan area or areas falling within that State and the non-metropolitan counties of the State. This presentation of the data showing the division of metropoli-
can areas which fall across State lines has been made primarily because the War Loan Drives are organized on a State basis and these portions of metropolitan areas constitute important segments of each State's bond quota.
In order to make the geographic distribution as accurate as possible, deposits of branch banks located outside of the county of the head office have been attributed to the county in which the branch is located, rather than to the county of the head office. Cities not a part of any county, and cities and counties forming a single political entity, have been treated as separate counties for the present purpose.
The reports of a few institutions are based on reporting dates other than December 31. In the class of non insured banks, a number of institutions have been excluded because of failure to submit data in time for inclusion in this compilation.
Table 1. - Bank Deposits of Individuals, Partnerships, and Corporations in Twenty-five Metropolitan Areas1 On December 31, 1941, 1942, and 1943
Part A - Total Deposits
(Amounts in millions of dollars)
<table><tr><th>Metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>New York</td><td>19,616</td><td>20,408</td><td>23,535</td><td>792</td><td>3,127</td><td>3,919</td><td>4.0</td><td>15.3</td><td>20.0</td></tr><tr><td>Chicago</td><td>3,370</td><td>3,949</td><td>4,763</td><td>579</td><td>814</td><td>1,393</td><td>17.2</td><td>20.6</td><td>41.3</td></tr><tr><td>Boston</td><td>2,943</td><td>3,179</td><td>3,619</td><td>236</td><td>440</td><td>676</td><td>8.0</td><td>13.8</td><td>23.0</td></tr><tr><td>Philadelphia</td><td>2,320</td><td>2,539</td><td>2,906</td><td>219</td><td>367</td><td>586</td><td>9.4</td><td>14.4</td><td>25.2</td></tr><tr><td>Los Angeles</td><td>1,594</td><td>2,069</td><td>2,750</td><td>475</td><td>681</td><td>1,156</td><td>29.8</td><td>32.9</td><td>72.5</td></tr><tr><td>San Francisco</td><td>1,740</td><td>2,113</td><td>2,603</td><td>372</td><td>490</td><td>862</td><td>21.4</td><td>23.2</td><td>49.6</td></tr><tr><td>Detroit</td><td>1,079</td><td>1,548</td><td>1,959</td><td>469</td><td>411</td><td>881</td><td>43.5</td><td>26.6</td><td>81.6</td></tr><tr><td>Pittsburgh</td><td>1,417</td><td>1,511</td><td>1,770</td><td>93</td><td>260</td><td>353</td><td>6.6</td><td>17.2</td><td>24.9</td></tr><tr><td>Cleveland</td><td>950</td><td>1,121</td><td>1,400</td><td>171</td><td>279</td><td>449</td><td>18.0</td><td>24.9</td><td>47.3</td></tr><tr><td>St. Louis</td><td>794</td><td>946</td><td>1,058</td><td>151</td><td>112</td><td>263</td><td>19.1</td><td>11.9</td><td>33.2</td></tr><tr><td>Baltimore</td><td>667</td><td>770</td><td>918</td><td>103</td><td>148</td><td>251</td><td>15.4</td><td>19.3</td><td>37.6</td></tr><tr><td>Buffalo</td><td>646</td><td>717</td><td>880</td><td>71</td><td>163</td><td>234</td><td>11.1</td><td>22.7</td><td>36.2</td></tr><tr><td>Minneapolis-St. Paul</td><td>481</td><td>625</td><td>775</td><td>145</td><td>150</td><td>295</td><td>30.1</td><td>24.0</td><td>61.3</td></tr><tr><td>Hartford</td><td>571</td><td>629</td><td>746</td><td>58</td><td>117</td><td>175</td><td>10.1</td><td>18.6</td><td>30.6</td></tr><tr><td>Washington</td><td>496</td><td>605</td><td>683</td><td>109</td><td>77</td><td>186</td><td>22.0</td><td>12.7</td><td>37.5</td></tr><tr><td>Cincinnati</td><td>453</td><td>558</td><td>651</td><td>105</td><td>93</td><td>198</td><td>23.1</td><td>16.7</td><td>43.6</td></tr><tr><td>Providence</td><td>507</td><td>576</td><td>631</td><td>69</td><td>55</td><td>124</td><td>13.6</td><td>9.6</td><td>24.5</td></tr><tr><td>Seattle</td><td>365</td><td>523</td><td>640</td><td>158</td><td>118</td><td>275</td><td>43.2</td><td>22.5</td><td>75.5</td></tr><tr><td>Milwaukee</td><td>344</td><td>442</td><td>564</td><td>99</td><td>122</td><td>220</td><td>28.7</td><td>27.6</td><td>64.1</td></tr><tr><td>Rochester</td><td>371</td><td>400</td><td>475</td><td>29</td><td>75</td><td>104</td><td>7.7</td><td>18.9</td><td>28.1</td></tr><tr><td>Houston</td><td>275</td><td>349</td><td>472</td><td>74</td><td>123</td><td>198</td><td>27.1</td><td>35.4</td><td>72.0</td></tr><tr><td>New Haven</td><td>358</td><td>399</td><td>468</td><td>42</td><td>69</td><td>111</td><td>11.6</td><td>17.3</td><td>30.9</td></tr><tr><td>Bridgeport</td><td>361</td><td>400</td><td>465</td><td>39</td><td>65</td><td>104</td><td>10.7</td><td>16.3</td><td>28.8</td></tr><tr><td>Kansas City</td><td>277</td><td>381</td><td>464</td><td>103</td><td>84</td><td>187</td><td>37.2</td><td>21.9</td><td>67.3</td></tr><tr><td>Worcester</td><td>376</td><td>405</td><td>456</td><td>29</td><td>52</td><td>80</td><td>7.6</td><td>12.7</td><td>21.3</td></tr><tr><td>Total</td><td>42,373</td><td>47,161</td><td>55,654</td><td>4,789</td><td>8,492</td><td>13,281</td><td>11.3</td><td>18.0</td><td>31.3</td></tr></table>
(Continued on following page)
June 1944
A-5
Table 1.
- Bank Deposits of Individuals, Partnerships, and Corporations
in Twenty-five Metropolitan Areas1/ - (Continued)
December 31, 1941, 1942, and 1943
Part B
Demand Deposits
(Amounts in millions of dollars)
<table><tr><th>Metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>New York</td><td>13,035</td><td>13,851</td><td>16,165</td><td>816</td><td>2,315</td><td>3,131</td><td>6.3</td><td>16.7</td><td>24.0</td></tr><tr><td>Chicago</td><td>2,575</td><td>3,147</td><td>3,797</td><td>573</td><td>650</td><td>1,223</td><td>22.2</td><td>20.7</td><td>47.5</td></tr><tr><td>Boston</td><td>1,240</td><td>1,447</td><td>1,734</td><td>206</td><td>287</td><td>494</td><td>16.6</td><td>19.9</td><td>39.8</td></tr><tr><td>Philadelphia</td><td>1,380</td><td>1,650</td><td>1,904</td><td>270</td><td>254</td><td>525</td><td>19.6</td><td>15.4</td><td>38.0</td></tr><tr><td>Los Angeles</td><td>898</td><td>1,308</td><td>1,786</td><td>410</td><td>479</td><td>888</td><td>45.6</td><td>36.6</td><td>98.9</td></tr><tr><td>San Francisco</td><td>736</td><td>1,047</td><td>1,362</td><td>310</td><td>315</td><td>626</td><td>42.2</td><td>30.1</td><td>85.0</td></tr><tr><td>Detroit</td><td>687</td><td>1,100</td><td>1,361</td><td>413</td><td>261</td><td>674</td><td>60.2</td><td>23.7</td><td>98.1</td></tr><tr><td>Pittsburgh</td><td>931</td><td>1,072</td><td>1,318</td><td>141</td><td>246</td><td>387</td><td>15.1</td><td>23.0</td><td>41.5</td></tr><tr><td>Cleveland</td><td>536</td><td>685</td><td>882</td><td>149</td><td>198</td><td>346</td><td>27.7</td><td>28.8</td><td>64.6</td></tr><tr><td>St. Louis</td><td>558</td><td>703</td><td>776</td><td>145</td><td>72</td><td>218</td><td>26.0</td><td>10.3</td><td>39.0</td></tr><tr><td>Baltimore</td><td>342</td><td>431</td><td>525</td><td>89</td><td>94</td><td>183</td><td>26.0</td><td>21.9</td><td>53.5</td></tr><tr><td>Buffalo</td><td>243</td><td>302</td><td>391</td><td>59</td><td>89</td><td>148</td><td>24.2</td><td>29.4</td><td>60.8</td></tr><tr><td>Minneapolis-St. Paul</td><td>302</td><td>436</td><td>545</td><td>134</td><td>110</td><td>244</td><td>44.5</td><td>25.2</td><td>80.8</td></tr><tr><td>Hartford</td><td>251</td><td>295</td><td>377</td><td>44</td><td>82</td><td>126</td><td>17.4</td><td>28.0</td><td>50.2</td></tr><tr><td>Washington</td><td>346</td><td>447</td><td>509</td><td>101</td><td>62</td><td>162</td><td>29.1</td><td>13.8</td><td>46.9</td></tr><tr><td>Cincinnati</td><td>300</td><td>404</td><td>482</td><td>104</td><td>78</td><td>182</td><td>34.6</td><td>19.2</td><td>60.5</td></tr><tr><td>Providence</td><td>186</td><td>243</td><td>268</td><td>57</td><td>25</td><td>82</td><td>30.4</td><td>10.4</td><td>43.9</td></tr><tr><td>Seattle</td><td>212</td><td>340</td><td>407</td><td>129</td><td>67</td><td>195</td><td>60.7</td><td>19.5</td><td>92.1</td></tr><tr><td>Milwaukee</td><td>228</td><td>317</td><td>411</td><td>89</td><td>94</td><td>183</td><td>39.3</td><td>29.6</td><td>80.5</td></tr><tr><td>Rochester</td><td>112</td><td>146</td><td>200</td><td>34</td><td>54</td><td>88</td><td>30.2</td><td>37.1</td><td>78.5</td></tr><tr><td>Houston</td><td>233</td><td>308</td><td>423</td><td>74</td><td>115</td><td>189</td><td>31.9</td><td>37.4</td><td>81.2</td></tr><tr><td>New Haven</td><td>120</td><td>152</td><td>189</td><td>32</td><td>37</td><td>68</td><td>26.4</td><td>24.1</td><td>56.8</td></tr><tr><td>Bridgeport</td><td>109</td><td>134</td><td>167</td><td>25</td><td>33</td><td>57</td><td>22.9</td><td>24.1</td><td>52.6</td></tr><tr><td>Kansas City</td><td>224</td><td>320</td><td>388</td><td>96</td><td>67</td><td>164</td><td>43.0</td><td>21.0</td><td>73.1</td></tr><tr><td>Worcester</td><td>86</td><td>110</td><td>133</td><td>24</td><td>23</td><td>47</td><td>27.9</td><td>21.1</td><td>54.9</td></tr><tr><td>Total</td><td>25,871</td><td>30,394</td><td>36,499</td><td>4,523</td><td>6,105</td><td>10,628</td><td>17.5</td><td>20.1</td><td>41.1</td></tr></table>
Part C
Time Deposits
(Amounts in millions of dollars)
<table><tr><th>Metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increases</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>New York</td><td>6,581</td><td>6,558</td><td>7,770</td><td>-24</td><td>812</td><td>788</td><td>-0.4</td><td>12.4</td><td>12.0</td></tr><tr><td>Chicago</td><td>796</td><td>802</td><td>966</td><td>6</td><td>164</td><td>170</td><td>0.8</td><td>20.5</td><td>21.4</td></tr><tr><td>Boston</td><td>1,703</td><td>1,733</td><td>1,885</td><td>30</td><td>153</td><td>183</td><td>1.8</td><td>8.8</td><td>10.7</td></tr><tr><td>Philadelphia</td><td>940</td><td>889</td><td>1,001</td><td>-51</td><td>112</td><td>61</td><td>-5.4</td><td>12.6</td><td>6.5</td></tr><tr><td>Los Angeles</td><td>696</td><td>761</td><td>964</td><td>65</td><td>203</td><td>268</td><td>9.4</td><td>26.6</td><td>36.5</td></tr><tr><td>San Francisco</td><td>1,004</td><td>1,066</td><td>1,241</td><td>62</td><td>175</td><td>237</td><td>6.2</td><td>16.4</td><td>23.6</td></tr><tr><td>Detroit</td><td>392</td><td>448</td><td>598</td><td>56</td><td>151</td><td>207</td><td>14.3</td><td>33.6</td><td>52.8</td></tr><tr><td>Pittsburgh</td><td>436</td><td>439</td><td>452</td><td>-47</td><td>14</td><td>-34</td><td>-9.7</td><td>3.1</td><td>-6.9</td></tr><tr><td>Cleveland</td><td>414</td><td>436</td><td>517</td><td>22</td><td>81</td><td>103</td><td>5.3</td><td>18.6</td><td>24.9</td></tr><tr><td>St. Louis</td><td>236</td><td>242</td><td>282</td><td>6</td><td>40</td><td>46</td><td>2.6</td><td>16.3</td><td>19.4</td></tr><tr><td>Baltimore</td><td>325</td><td>339</td><td>393</td><td>14</td><td>54</td><td>68</td><td>4.2</td><td>15.9</td><td>20.8</td></tr><tr><td>Buffalo</td><td>403</td><td>415</td><td>489</td><td>12</td><td>74</td><td>86</td><td>3.1</td><td>17.8</td><td>21.4</td></tr><tr><td>Minneapolis-St. Paul</td><td>179</td><td>190</td><td>230</td><td>11</td><td>40</td><td>51</td><td>5.9</td><td>21.3</td><td>28.4</td></tr><tr><td>Hartford</td><td>320</td><td>334</td><td>369</td><td>14</td><td>35</td><td>49</td><td>4.3</td><td>10.4</td><td>15.3</td></tr><tr><td>Washington</td><td>150</td><td>158</td><td>174</td><td>8</td><td>16</td><td>24</td><td>5.4</td><td>9.9</td><td>15.8</td></tr><tr><td>Cincinnati</td><td>153</td><td>154</td><td>169</td><td>1</td><td>15</td><td>16</td><td>0.5</td><td>10.0</td><td>10.5</td></tr><tr><td>Providence</td><td>320</td><td>333</td><td>363</td><td>12</td><td>30</td><td>42</td><td>3.8</td><td>9.1</td><td>13.2</td></tr><tr><td>Seattle</td><td>153</td><td>182</td><td>233</td><td>29</td><td>51</td><td>80</td><td>19.0</td><td>28.1</td><td>52.4</td></tr><tr><td>Milwaukee</td><td>116</td><td>125</td><td>153</td><td>9</td><td>28</td><td>37</td><td>7.8</td><td>22.4</td><td>32.0</td></tr><tr><td>Rocheaster</td><td>259</td><td>254</td><td>276</td><td>-5</td><td>22</td><td>16</td><td>-1.9</td><td>8.5</td><td>6.4</td></tr><tr><td>Houston</td><td>41</td><td>41</td><td>50</td><td>*</td><td>8</td><td>8</td><td>0.1</td><td>19.9</td><td>20.0</td></tr><tr><td>New Haven</td><td>237</td><td>247</td><td>280</td><td>10</td><td>32</td><td>42</td><td>4.1</td><td>13.1</td><td>17.8</td></tr><tr><td>Bridgport</td><td>252</td><td>266</td><td>299</td><td>14</td><td>33</td><td>47</td><td>5.4</td><td>12.4</td><td>18.5</td></tr><tr><td>Kansas City</td><td>53</td><td>60</td><td>77</td><td>7</td><td>16</td><td>23</td><td>13.1</td><td>26.7</td><td>43.3</td></tr><tr><td>Worcester</td><td>290</td><td>295</td><td>323</td><td>5</td><td>28</td><td>33</td><td>1.6</td><td>9.6</td><td>11.4</td></tr><tr><td>Total</td><td>16,502</td><td>16,768</td><td>19,154</td><td>266</td><td>2,387</td><td>2,652</td><td>1.6</td><td>14.2</td><td>16.1</td></tr></table>
Less than $500,000. The twenty-five areas selected are those having the largest volume of total bank deposits on December 31, 1943.
A-6
Treasury Bulletin
Table 2.
Bank Deposits of Individuals, Partnerships, and Corporations by States and Metropolitan Areas On December 31, 1941, 1942, and 1943
Part A - Total Deposits
Amounts in millions of dollars)
<table><tr><th>State and metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>Alabama</td><td>356</td><td>404</td><td>624</td><td>138</td><td>131</td><td>268</td><td>38.7</td><td>26.5</td><td>75.4</td></tr><tr><td>Arizona</td><td>92</td><td>114</td><td>164</td><td>52</td><td>40</td><td>92</td><td>56.6</td><td>27.8</td><td>100.1</td></tr><tr><td>Arkansas</td><td>210</td><td>305</td><td>365</td><td>95</td><td>60</td><td>155</td><td>45.3</td><td>19.7</td><td>73.9</td></tr><tr><td>California:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Los Angeles</td><td>1,594</td><td>2,069</td><td>2,750</td><td>475</td><td>681</td><td>1,156</td><td>29.8</td><td>32.9</td><td>72.5</td></tr><tr><td>San Francisco</td><td>1,740</td><td>2,113</td><td>2,603</td><td>372</td><td>490</td><td>862</td><td>21.4</td><td>23.2</td><td>49.6</td></tr><tr><td>Other</td><td>922</td><td>1,323</td><td>1,836</td><td>400</td><td>513</td><td>913</td><td>43.4</td><td>38.8</td><td>99.0</td></tr><tr><td>Total</td><td>4,257</td><td>5,504</td><td>7,189</td><td>1,247</td><td>1,684</td><td>2,932</td><td>29.3</td><td>30.6</td><td>68.9</td></tr><tr><td>Colorado</td><td>327</td><td>445</td><td>572</td><td>117</td><td>127</td><td>245</td><td>35.9</td><td>28.7</td><td>74.8</td></tr><tr><td>Connecticut:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bridgeport</td><td>361</td><td>400</td><td>465</td><td>39</td><td>65</td><td>104</td><td>10.7</td><td>16.3</td><td>28.8</td></tr><tr><td>Hartford</td><td>571</td><td>629</td><td>746</td><td>58</td><td>117</td><td>175</td><td>10.1</td><td>18.6</td><td>30.6</td></tr><tr><td>New Haven</td><td>358</td><td>399</td><td>468</td><td>42</td><td>69</td><td>111</td><td>11.6</td><td>17.3</td><td>30.9</td></tr><tr><td>Other</td><td>208</td><td>230</td><td>258</td><td>21</td><td>29</td><td>50</td><td>10.1</td><td>12.4</td><td>23.8</td></tr><tr><td>Total</td><td>1,499</td><td>1,658</td><td>1,938</td><td>159</td><td>280</td><td>439</td><td>10.6</td><td>16.9</td><td>29.3</td></tr><tr><td>Delaware</td><td>270</td><td>291</td><td>341</td><td>21</td><td>50</td><td>71</td><td>7.9</td><td>17.0</td><td>26.2</td></tr><tr><td>District of Columbia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Washington 1/</td><td>441</td><td>534</td><td>597</td><td>93</td><td>62</td><td>156</td><td>21.2</td><td>11.6</td><td>35.3</td></tr><tr><td>Florida</td><td>384</td><td>523</td><td>747</td><td>139</td><td>221</td><td>359</td><td>36.1</td><td>42.2</td><td>93.6</td></tr><tr><td>Georgia</td><td>456</td><td>636</td><td>815</td><td>181</td><td>179</td><td>359</td><td>39.6</td><td>28.1</td><td>78.8</td></tr><tr><td>Idaho</td><td>101</td><td>154</td><td>214</td><td>53</td><td>60</td><td>113</td><td>52.7</td><td>38.7</td><td>111.8</td></tr><tr><td>Illinois:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chicago 1/</td><td>3,316</td><td>3,882</td><td>4,679</td><td>567</td><td>796</td><td>1,363</td><td>17.1</td><td>20.5</td><td>41.1</td></tr><tr><td>St. Louis 1/</td><td>96</td><td>115</td><td>142</td><td>18</td><td>27</td><td>46</td><td>19.1</td><td>23.7</td><td>47.3</td></tr><tr><td>Other</td><td>823</td><td>1,045</td><td>1,349</td><td>222</td><td>304</td><td>526</td><td>27.0</td><td>29.1</td><td>64.0</td></tr><tr><td>Total</td><td>4,235</td><td>5,042</td><td>6,170</td><td>807</td><td>1,128</td><td>1,935</td><td>19.1</td><td>22.4</td><td>45.7</td></tr><tr><td>Indiana:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chicago 1/</td><td>55</td><td>67</td><td>85</td><td>12</td><td>18</td><td>30</td><td>22.1</td><td>27.4</td><td>55.5</td></tr><tr><td>Cincinnati 1/</td><td>6</td><td>7</td><td>8</td><td>1</td><td>2</td><td>3</td><td>20.7</td><td>24.7</td><td>50.6</td></tr><tr><td>Other</td><td>892</td><td>1,162</td><td>1,467</td><td>270</td><td>306</td><td>576</td><td>30.3</td><td>26.3</td><td>64.6</td></tr><tr><td>Total</td><td>952</td><td>1,235</td><td>1,560</td><td>283</td><td>326</td><td>609</td><td>29.7</td><td>26.4</td><td>64.0</td></tr><tr><td>Iowa</td><td>665</td><td>857</td><td>1,067</td><td>192</td><td>209</td><td>401</td><td>28.8</td><td>24.4</td><td>60.3</td></tr><tr><td>Kansas:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Kansas City 1/</td><td>33</td><td>49</td><td>64</td><td>16</td><td>15</td><td>32</td><td>50.0</td><td>31.0</td><td>96.5</td></tr><tr><td>Other</td><td>335</td><td>508</td><td>670</td><td>173</td><td>162</td><td>335</td><td>51.7</td><td>31.9</td><td>100.1</td></tr><tr><td>Total</td><td>368</td><td>557</td><td>734</td><td>189</td><td>177</td><td>367</td><td>51.5</td><td>31.8</td><td>99.8</td></tr><tr><td>Kentucky:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cincinnati 1/</td><td>36</td><td>39</td><td>46</td><td>3</td><td>6</td><td>9</td><td>9.1</td><td>15.4</td><td>25.9</td></tr><tr><td>Other</td><td>445</td><td>569</td><td>720</td><td>124</td><td>151</td><td>275</td><td>27.9</td><td>26.6</td><td>61.9</td></tr><tr><td>Total</td><td>481</td><td>608</td><td>765</td><td>127</td><td>157</td><td>284</td><td>26.5</td><td>25.9</td><td>59.2</td></tr><tr><td>Louisiana</td><td>432</td><td>577</td><td>718</td><td>145</td><td>142</td><td>287</td><td>33.6</td><td>24.6</td><td>66.4</td></tr><tr><td>Maine</td><td>334</td><td>382</td><td>450</td><td>47</td><td>69</td><td>116</td><td>14.1</td><td>18.0</td><td>34.7</td></tr><tr><td>Maryland:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Baltimore</td><td>667</td><td>770</td><td>918</td><td>103</td><td>148</td><td>251</td><td>15.4</td><td>19.3</td><td>37.6</td></tr><tr><td>Washington 1/</td><td>35</td><td>43</td><td>52</td><td>8</td><td>9</td><td>17</td><td>22.9</td><td>21.3</td><td>49.0</td></tr><tr><td>Other</td><td>162</td><td>190</td><td>236</td><td>29</td><td>46</td><td>74</td><td>17.6</td><td>24.1</td><td>45.9</td></tr><tr><td>Total</td><td>864</td><td>1,003</td><td>1,207</td><td>139</td><td>203</td><td>342</td><td>16.1</td><td>20.3</td><td>39.6</td></tr><tr><td>Massachusetts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Boat. . . . . . .</td><td>2,943</td><td>3,179</td><td>3,619</td><td>236</td><td>440</td><td>676</td><td>8.0</td><td>13.8</td><td>23.0</td></tr><tr><td>Worcester</td><td>376</td><td>405</td><td>456</td><td>29</td><td>52</td><td>80</td><td>7.6</td><td>12.7</td><td>21.3</td></tr><tr><td>Other</td><td>685</td><td>761</td><td>869</td><td>75</td><td>108</td><td>184</td><td>11.0</td><td>14.2</td><td>26.8</td></tr><tr><td>Total</td><td>4,004</td><td>4,345</td><td>4,944</td><td>340</td><td>600</td><td>940</td><td>8.5</td><td>13.8</td><td>23.5</td></tr><tr><td>Michigan:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Detroit</td><td>1,079</td><td>1,548</td><td>1,959</td><td>469</td><td>411</td><td>881</td><td>43.5</td><td>26.6</td><td>81.6</td></tr><tr><td>Other</td><td>662</td><td>840</td><td>1,095</td><td>178</td><td>254</td><td>432</td><td>26.9</td><td>30.2</td><td>65.3</td></tr><tr><td>Total</td><td>1,741</td><td>2,389</td><td>3,054</td><td>648</td><td>665</td><td>1,313</td><td>37.2</td><td>27.9</td><td>75.4</td></tr><tr><td>Minnesota:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Minneapolis-St. Paul</td><td>481</td><td>625</td><td>775</td><td>145</td><td>150</td><td>295</td><td>30.1</td><td>24.0</td><td>61.3</td></tr><tr><td>Other</td><td>401</td><td>504</td><td>635</td><td>103</td><td>131</td><td>234</td><td>25.7</td><td>25.9</td><td>58.3</td></tr><tr><td>Total</td><td>882</td><td>1,130</td><td>1,410</td><td>248</td><td>280</td><td>528</td><td>28.1</td><td>24.8</td><td>59.9</td></tr><tr><td>Mississippi</td><td>214</td><td>299</td><td>364</td><td>85</td><td>65</td><td>150</td><td>39.6</td><td>21.9</td><td>70.1</td></tr><tr><td>Missouri:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Kansas City 1/</td><td>245</td><td>332</td><td>400</td><td>87</td><td>68</td><td>155</td><td>35.5</td><td>20.6</td><td>63.4</td></tr><tr><td>St. Louis 1/</td><td>698</td><td>831</td><td>916</td><td>133</td><td>85</td><td>218</td><td>19.0</td><td>10.2</td><td>31.2</td></tr><tr><td>Other</td><td>316</td><td>419</td><td>535</td><td>103</td><td>115</td><td>219</td><td>32.8</td><td>27.5</td><td>69.3</td></tr><tr><td>Total</td><td>1,258</td><td>1,582</td><td>1,850</td><td>323</td><td>269</td><td>592</td><td>25.7</td><td>17.0</td><td>47.0</td></tr></table>
(Continued on following page)
A-7
June 1944
Table 2. - Bank Deposits of Individuals, Partnerships, and Corporations by States and Metropolitan Areas - (Continued) On December 31, 1941, 1942, and 1943
Part A - Total Deposits - (Continued)
Amounts in millions of dollars)
<table><tr><th>State and metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>Montana</td><td>146</td><td>203</td><td>246</td><td>56</td><td>43</td><td>100</td><td>38.5</td><td>21.4</td><td>68.2</td></tr><tr><td>Nebraska</td><td>283</td><td>438</td><td>587</td><td>155</td><td>149</td><td>304</td><td>54.7</td><td>34.0</td><td>107.4</td></tr><tr><td>Nevada</td><td>41</td><td>67</td><td>80</td><td>23</td><td>13</td><td>36</td><td>52.1</td><td>18.8</td><td>80.7</td></tr><tr><td>New Hampshire</td><td>286</td><td>300</td><td>332</td><td>14</td><td>33</td><td>46</td><td>4.8</td><td>10.9</td><td>16.2</td></tr><tr><td>New Jersey: New York City 1/ Philadelphia 1/ Other</td><td>1,764 135 262</td><td>1,967 158 298</td><td>2,369 186 371</td><td>203 24 35</td><td>402 28 74</td><td>604 52 109</td><td>11.5 17.5 13.5</td><td>20.4 17.7 24.7</td><td>34.3 38.2 41.5</td></tr><tr><td>Total</td><td>2,161</td><td>2,423</td><td>2,926</td><td>262</td><td>503</td><td>765</td><td>12.1</td><td>20.8</td><td>35.4</td></tr><tr><td>New Mexico</td><td>60</td><td>94</td><td>123</td><td>35</td><td>29</td><td>64</td><td>58.7</td><td>30.4</td><td>107.0</td></tr><tr><td>New York: Buffalo New York City 1/ Rochester Other</td><td>646 17,852 371 1,815</td><td>717 18,441 400 2,009</td><td>880 21,166 475 2,327</td><td>71 589 29 194</td><td>163 2,725 75 319</td><td>234 3,314 104 513</td><td>11.1 3.3 7.7 10.7</td><td>22.7 14.8 18.9 15.9</td><td>36.2 18.6 28.1 28.2</td></tr><tr><td>Total</td><td>20,684</td><td>21,567</td><td>24,849</td><td>884</td><td>3,282</td><td>4,165</td><td>4.3</td><td>15.2</td><td>20.1</td></tr><tr><td>North Carolina</td><td>445</td><td>612</td><td>755</td><td>167</td><td>143</td><td>310</td><td>37.5</td><td>23.5</td><td>69.8</td></tr><tr><td>North Dakota</td><td>106</td><td>163</td><td>226</td><td>58</td><td>62</td><td>120</td><td>54.3</td><td>38.2</td><td>113.7</td></tr><tr><td>Ohio: Cincinnati 1/ Cleveland Other</td><td>412 950 1,409</td><td>512 1,121 1,745</td><td>597 1,400 2,210</td><td>100 171 336</td><td>85 279 465</td><td>185 449 801</td><td>24.3 18.0 23.8</td><td>16.7 24.9 26.7</td><td>45.1 47.3 56.8</td></tr><tr><td>Total</td><td>2,771</td><td>3,378</td><td>4,207</td><td>607</td><td>829</td><td>1,436</td><td>21.9</td><td>24.5</td><td>51.8</td></tr><tr><td>Oklahoma</td><td>359</td><td>473</td><td>603</td><td>114</td><td>130</td><td>244</td><td>31.8</td><td>27.4</td><td>68.0</td></tr><tr><td>Oregon</td><td>379</td><td>564</td><td>741</td><td>185</td><td>177</td><td>362</td><td>48.7</td><td>31.5</td><td>95.5</td></tr><tr><td>Pennsylvania: Philadelphia 1/ Pittsburgh Other</td><td>2,185 1,417 1,678</td><td>2,381 1,511 1,870</td><td>2,719 1,770 2,160</td><td>196 93 192</td><td>339 260 290</td><td>534 353 482</td><td>9.0 6.6 11.4</td><td>14.2 17.2 15.5</td><td>24.4 24.9 28.7</td></tr><tr><td>Total</td><td>5,280</td><td>5,761</td><td>6,650</td><td>481</td><td>889</td><td>1,370</td><td>9.1</td><td>15.4</td><td>25.9</td></tr><tr><td>Rhode Island: Providence Other</td><td>507 22</td><td>576 19</td><td>631 29</td><td>69 -3</td><td>55 10</td><td>124 7</td><td>13.6 -12.8</td><td>9.6 50.3</td><td>24.5 31.4</td></tr><tr><td>Total</td><td>529</td><td>595</td><td>661</td><td>66</td><td>65</td><td>131</td><td>12.5</td><td>11.0</td><td>24.8</td></tr><tr><td>South Carolina</td><td>172</td><td>245</td><td>306</td><td>73</td><td>61</td><td>134</td><td>42.6</td><td>25.0</td><td>78.3</td></tr><tr><td>South Dakota</td><td>95</td><td>144</td><td>189</td><td>49</td><td>44</td><td>94</td><td>52.2</td><td>30.6</td><td>98.7</td></tr><tr><td>Tennessee</td><td>511</td><td>668</td><td>843</td><td>156</td><td>175</td><td>332</td><td>30.6</td><td>26.3</td><td>64.9</td></tr><tr><td>Texas: Houston Other</td><td>275 1,124</td><td>349 1,591</td><td>472 2,095</td><td>74 467</td><td>123 504</td><td>198 971</td><td>27.1 41.5</td><td>35.4 31.7</td><td>72.0 86.3</td></tr><tr><td>Total</td><td>1,399</td><td>1,940</td><td>2,567</td><td>541</td><td>627</td><td>1,168</td><td>38.7</td><td>32.3</td><td>83.5</td></tr><tr><td>Utah</td><td>151</td><td>224</td><td>286</td><td>73</td><td>62</td><td>135</td><td>48.6</td><td>27.6</td><td>89.7</td></tr><tr><td>Vermont</td><td>173</td><td>184</td><td>208</td><td>12</td><td>24</td><td>36</td><td>6.8</td><td>13.0</td><td>20.7</td></tr><tr><td>Virginia: Washington 1/ Other</td><td>20 616</td><td>28 766</td><td>34 891</td><td>8 150</td><td>6 125</td><td>13 275</td><td>37.1 24.3</td><td>20.8 16.3</td><td>65.6 44.6</td></tr><tr><td>Total</td><td>637</td><td>794</td><td>925</td><td>157</td><td>131</td><td>288</td><td>24.7</td><td>16.5</td><td>45.3</td></tr><tr><td>Washington: Seattle Other</td><td>365 320</td><td>523 496</td><td>640 692</td><td>158 176</td><td>118 196</td><td>275 372</td><td>43.2 55.0</td><td>22.5 39.5</td><td>75.5 116.4</td></tr><tr><td>Total</td><td>685</td><td>1,018</td><td>1,332</td><td>334</td><td>314</td><td>647</td><td>43.7</td><td>30.8</td><td>94.6</td></tr><tr><td>West Virginia</td><td>298</td><td>342</td><td>424</td><td>44</td><td>82</td><td>126</td><td>14.6</td><td>24.1</td><td>42.2</td></tr><tr><td>Wisconsin: Milwaukee Other</td><td>344 630</td><td>442 776</td><td>564 971</td><td>99 146</td><td>122 195</td><td>220 341</td><td>28.7 23.2</td><td>27.6 25.1</td><td>64.1 54.1</td></tr><tr><td>Total</td><td>974</td><td>1,218</td><td>1,535</td><td>245</td><td>317</td><td>561</td><td>25.1</td><td>26.0</td><td>57.6</td></tr><tr><td>Wyoming</td><td>66</td><td>85</td><td>105</td><td>20</td><td>20</td><td>39</td><td>29.9</td><td>23.2</td><td>60.0</td></tr><tr><td>Totals: 25 metropolitan areas Other</td><td>42,373 21,140</td><td>47,161 27,029</td><td>55,654 33,926</td><td>4,789 5,890</td><td>8,492 6,896</td><td>13,281 12,786</td><td>11.3 27.9</td><td>16.0 25.5</td><td>31.3 60.5</td></tr><tr><td>Grand total</td><td>63,513</td><td>74,191</td><td>89,579</td><td>10,678</td><td>15,389</td><td>26,067</td><td>16.8</td><td>20.7</td><td>41.0</td></tr></table>
(Continued on following page)
A-8
Treasury Bulletin
Table 2. - Bank Deposits of Individuals, Partnerships, and Corporations
by States and Metropolitan Areas - (Continued)
On December 31, 1941, 1942, and 1943
Part B - Demand Deposits
(Amounts in millions of dollars)
<table><tr><th>State and metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>Alabama</td><td>244</td><td>372</td><td>485</td><td>128</td><td>113</td><td>241</td><td>52.5</td><td>30.5</td><td>99.0</td></tr><tr><td>Arizona</td><td>62</td><td>109</td><td>139</td><td>47</td><td>30</td><td>77</td><td>77.0</td><td>27.7</td><td>125.9</td></tr><tr><td>Arkansas</td><td>162</td><td>255</td><td>312</td><td>93</td><td>58</td><td>151</td><td>57.6</td><td>22.6</td><td>93.3</td></tr><tr><td>California:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Los Angeles</td><td>898</td><td>1,308</td><td>1,786</td><td>410</td><td>479</td><td>888</td><td>45.6</td><td>36.6</td><td>98.9</td></tr><tr><td>San Francisco</td><td>736</td><td>1,047</td><td>1,362</td><td>310</td><td>315</td><td>626</td><td>42.2</td><td>30.1</td><td>85.0</td></tr><tr><td>Other</td><td>419</td><td>750</td><td>1,101</td><td>331</td><td>351</td><td>682</td><td>79.1</td><td>46.7</td><td>162.8</td></tr><tr><td>Total</td><td>2,053</td><td>3,105</td><td>4,249</td><td>1,051</td><td>1,144</td><td>2,196</td><td>51.2</td><td>36.9</td><td>106.9</td></tr><tr><td>Colorado</td><td>236</td><td>345</td><td>452</td><td>109</td><td>107</td><td>216</td><td>46.2</td><td>31.1</td><td>91.6</td></tr><tr><td>Connecticut:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bridgport</td><td>109</td><td>134</td><td>167</td><td>25</td><td>32</td><td>57</td><td>22.9</td><td>24.1</td><td>52.6</td></tr><tr><td>Hartford</td><td>251</td><td>295</td><td>377</td><td>44</td><td>82</td><td>126</td><td>17.4</td><td>28.0</td><td>50.2</td></tr><tr><td>New Haven</td><td>120</td><td>152</td><td>189</td><td>32</td><td>37</td><td>68</td><td>26.4</td><td>24.1</td><td>56.8</td></tr><tr><td>Other</td><td>33</td><td>46</td><td>56</td><td>13</td><td>10</td><td>23</td><td>39.3</td><td>22.0</td><td>70.5</td></tr><tr><td>Total</td><td>514</td><td>627</td><td>789</td><td>113</td><td>161</td><td>275</td><td>22.1</td><td>25.8</td><td>53.5</td></tr><tr><td>Delaware</td><td>185</td><td>205</td><td>246</td><td>21</td><td>40</td><td>61</td><td>11.2</td><td>19.7</td><td>33.1</td></tr><tr><td>District of Columbia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Washington 1/</td><td>316</td><td>404</td><td>456</td><td>88</td><td>52</td><td>140</td><td>27.7</td><td>12.9</td><td>44.2</td></tr><tr><td>Florida</td><td>296</td><td>427</td><td>612</td><td>132</td><td>185</td><td>316</td><td>44.5</td><td>43.2</td><td>107.0</td></tr><tr><td>Georgia</td><td>325</td><td>501</td><td>652</td><td>176</td><td>151</td><td>327</td><td>54.2</td><td>30.2</td><td>100.7</td></tr><tr><td>Idaho</td><td>68</td><td>118</td><td>166</td><td>50</td><td>48</td><td>98</td><td>74.3</td><td>40.9</td><td>145.5</td></tr><tr><td>Illinois:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chicago 1/</td><td>2,543</td><td>3,106</td><td>3,746</td><td>563</td><td>641</td><td>1,204</td><td>22.1</td><td>20.6</td><td>47.3</td></tr><tr><td>St. Louis 1/</td><td>55</td><td>71</td><td>88</td><td>16</td><td>17</td><td>34</td><td>29.3</td><td>24.6</td><td>61.2</td></tr><tr><td>Other</td><td>549</td><td>763</td><td>1,016</td><td>214</td><td>253</td><td>467</td><td>38.9</td><td>33.2</td><td>85.1</td></tr><tr><td>Total</td><td>3,147</td><td>3,939</td><td>4,851</td><td>793</td><td>912</td><td>1,704</td><td>25.2</td><td>23.1</td><td>54.2</td></tr><tr><td>Indiana:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chicago 1/</td><td>32</td><td>42</td><td>51</td><td>10</td><td>9</td><td>19</td><td>31.5</td><td>22.0</td><td>60.4</td></tr><tr><td>Cincinnati 1/</td><td>4</td><td>5</td><td>6</td><td>1</td><td>1</td><td>3</td><td>32.0</td><td>28.9</td><td>70.1</td></tr><tr><td>Other</td><td>549</td><td>811</td><td>1,048</td><td>262</td><td>237</td><td>499</td><td>47.8</td><td>29.2</td><td>90.9</td></tr><tr><td>Total</td><td>584</td><td>857</td><td>1,105</td><td>273</td><td>247</td><td>521</td><td>46.8</td><td>28.3</td><td>89.1</td></tr><tr><td>Iowa</td><td>414</td><td>599</td><td>782</td><td>185</td><td>184</td><td>368</td><td>44.6</td><td>30.7</td><td>89.0</td></tr><tr><td>Kansas:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Kansas City 1/</td><td>17</td><td>31</td><td>42</td><td>14</td><td>11</td><td>25</td><td>78.6</td><td>35.1</td><td>141.3</td></tr><tr><td>Other</td><td>269</td><td>441</td><td>601</td><td>172</td><td>159</td><td>332</td><td>64.0</td><td>36.1</td><td>123.3</td></tr><tr><td>Total</td><td>287</td><td>472</td><td>643</td><td>186</td><td>170</td><td>356</td><td>64.9</td><td>36.0</td><td>124.4</td></tr><tr><td>Kentucky:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cincinnati 1/</td><td>17</td><td>21</td><td>25</td><td>4</td><td>4</td><td>8</td><td>22.4</td><td>21.1</td><td>48.3</td></tr><tr><td>Other</td><td>330</td><td>463</td><td>612</td><td>133</td><td>149</td><td>282</td><td>40.4</td><td>32.2</td><td>85.6</td></tr><tr><td>Total</td><td>347</td><td>483</td><td>637</td><td>137</td><td>153</td><td>290</td><td>39.5</td><td>31.7</td><td>83.8</td></tr><tr><td>Louisiana</td><td>319</td><td>461</td><td>583</td><td>142</td><td>122</td><td>264</td><td>44.5</td><td>26.5</td><td>82.7</td></tr><tr><td>Maine</td><td>88</td><td>129</td><td>164</td><td>41</td><td>35</td><td>76</td><td>46.1</td><td>26.8</td><td>85.4</td></tr><tr><td>Maryland:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Baltimore</td><td>342</td><td>431</td><td>525</td><td>89</td><td>94</td><td>183</td><td>26.0</td><td>21.9</td><td>53.5</td></tr><tr><td>Washington 1/</td><td>17</td><td>24</td><td>29</td><td>7</td><td>5</td><td>12</td><td>37.7</td><td>21.9</td><td>67.8</td></tr><tr><td>Other</td><td>66</td><td>93</td><td>126</td><td>27</td><td>33</td><td>60</td><td>40.2</td><td>35.6</td><td>90.2</td></tr><tr><td>Total</td><td>426</td><td>548</td><td>681</td><td>122</td><td>133</td><td>255</td><td>28.7</td><td>24.2</td><td>59.8</td></tr><tr><td>Massachusetts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Boston</td><td>1,240</td><td>1,447</td><td>1,734</td><td>206</td><td>287</td><td>494</td><td>16.6</td><td>19.9</td><td>39.8</td></tr><tr><td>Worcester</td><td>86</td><td>110</td><td>133</td><td>24</td><td>23</td><td>47</td><td>27.9</td><td>21.1</td><td>54.9</td></tr><tr><td>Other</td><td>156</td><td>212</td><td>266</td><td>55</td><td>54</td><td>110</td><td>35.5</td><td>25.7</td><td>70.3</td></tr><tr><td>Total</td><td>1,482</td><td>1,768</td><td>2,133</td><td>286</td><td>365</td><td>650</td><td>19.3</td><td>20.6</td><td>43.9</td></tr><tr><td>Michigan:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Detroit</td><td>687</td><td>1,100</td><td>1,361</td><td>413</td><td>261</td><td>674</td><td>60.2</td><td>23.7</td><td>98.1</td></tr><tr><td>Other</td><td>295</td><td>439</td><td>580</td><td>144</td><td>141</td><td>285</td><td>48.9</td><td>32.2</td><td>96.8</td></tr><tr><td>Total</td><td>982</td><td>1,539</td><td>1,941</td><td>557</td><td>402</td><td>959</td><td>56.8</td><td>26.1</td><td>97.7</td></tr><tr><td>Minnesota:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Minneapolis-St. Paul</td><td>302</td><td>436</td><td>545</td><td>134</td><td>110</td><td>244</td><td>44.5</td><td>25.2</td><td>80.8</td></tr><tr><td>Other</td><td>182</td><td>267</td><td>352</td><td>85</td><td>85</td><td>170</td><td>46.8</td><td>31.9</td><td>93.7</td></tr><tr><td>Total</td><td>483</td><td>702</td><td>897</td><td>219</td><td>195</td><td>414</td><td>45.4</td><td>27.7</td><td>85.7</td></tr><tr><td>Mississippi</td><td>140</td><td>227</td><td>288</td><td>87</td><td>61</td><td>148</td><td>62.5</td><td>26.9</td><td>106.2</td></tr><tr><td>Missouri:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Kansas City 1/</td><td>207</td><td>289</td><td>346</td><td>83</td><td>56</td><td>139</td><td>40.0</td><td>19.5</td><td>67.3</td></tr><tr><td>St. Louis 1/</td><td>503</td><td>633</td><td>687</td><td>129</td><td>55</td><td>184</td><td>25.7</td><td>8.7</td><td>36.6</td></tr><tr><td>Other</td><td>236</td><td>342</td><td>456</td><td>106</td><td>114</td><td>220</td><td>44.9</td><td>33.3</td><td>93.2</td></tr><tr><td>Total</td><td>946</td><td>1,263</td><td>1,489</td><td>318</td><td>225</td><td>543</td><td>33.6</td><td>17.8</td><td>57.4</td></tr></table>
(Continued on following page)
June 1944
A-9
Table 2. - Bank Deposits of Individuals, Partnerships, and Corporations by States and Metropolitan Areas - (Continued)
On December 31, 1941, 1942, and 1943
Part B - Demand Deposits - (Continued)
(Amounts in millions of dollars)
<table><tr><th>State and metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increases during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>Montana</td><td>107</td><td>161</td><td>199</td><td>55</td><td>38</td><td>92</td><td>51.3</td><td>23.5</td><td>86.8</td></tr><tr><td>Nebraska</td><td>221</td><td>372</td><td>509</td><td>151</td><td>137</td><td>288</td><td>68.3</td><td>37.0</td><td>130.5</td></tr><tr><td>Nevada</td><td>26</td><td>46</td><td>54</td><td>19</td><td>8</td><td>28</td><td>72.6</td><td>18.3</td><td>104.1</td></tr><tr><td>New Hampshire</td><td>55</td><td>68</td><td>84</td><td>13</td><td>15</td><td>29</td><td>23.8</td><td>22.7</td><td>51.9</td></tr><tr><td>New Jersey: New York City 1/</td><td>747</td><td>920</td><td>1,157</td><td>173</td><td>238</td><td>410</td><td>23.1</td><td>25.8</td><td>54.9</td></tr><tr><td>Philadelphia 1/</td><td>75</td><td>96</td><td>116</td><td>22</td><td>20</td><td>41</td><td>29.3</td><td>20.4</td><td>55.7</td></tr><tr><td>Other</td><td>116</td><td>149</td><td>196</td><td>33</td><td>47</td><td>80</td><td>28.8</td><td>31.5</td><td>69.4</td></tr><tr><td>Total</td><td>938</td><td>1,165</td><td>1,470</td><td>228</td><td>304</td><td>532</td><td>24.3</td><td>26.1</td><td>56.7</td></tr><tr><td>New Mexico</td><td>44</td><td>78</td><td>103</td><td>33</td><td>26</td><td>59</td><td>74.6</td><td>33.1</td><td>132.4</td></tr><tr><td>New York: Buffalo</td><td>243</td><td>302</td><td>391</td><td>59</td><td>89</td><td>148</td><td>24.2</td><td>29.4</td><td>60.8</td></tr><tr><td>New York City 1/</td><td>12,287</td><td>12,931</td><td>15,008</td><td>643</td><td>2,077</td><td>2,720</td><td>5.2</td><td>16.1</td><td>22.1</td></tr><tr><td>Roanoke</td><td>112</td><td>146</td><td>200</td><td>34</td><td>54</td><td>88</td><td>30.2</td><td>37.1</td><td>78.5</td></tr><tr><td>Other</td><td>495</td><td>664</td><td>830</td><td>169</td><td>166</td><td>335</td><td>34.0</td><td>25.0</td><td>67.6</td></tr><tr><td>Total</td><td>13,138</td><td>14,042</td><td>16,428</td><td>905</td><td>2,386</td><td>3,291</td><td>6.9</td><td>17.0</td><td>25.0</td></tr><tr><td>North Carolina</td><td>316</td><td>477</td><td>600</td><td>161</td><td>123</td><td>284</td><td>50.9</td><td>25.7</td><td>89.6</td></tr><tr><td>North Dakota</td><td>72</td><td>127</td><td>180</td><td>55</td><td>53</td><td>108</td><td>76.1</td><td>42.1</td><td>150.2</td></tr><tr><td>Ohio: Cincinnati 1/</td><td>280</td><td>379</td><td>451</td><td>99</td><td>72</td><td>171</td><td>35.4</td><td>19.0</td><td>61.1</td></tr><tr><td>Cleveland</td><td>536</td><td>685</td><td>882</td><td>149</td><td>198</td><td>346</td><td>27.7</td><td>28.8</td><td>64.6</td></tr><tr><td>Other</td><td>788</td><td>1,090</td><td>1,407</td><td>301</td><td>317</td><td>618</td><td>38.2</td><td>29.1</td><td>78.4</td></tr><tr><td>Total</td><td>1,604</td><td>2,153</td><td>2,740</td><td>549</td><td>586</td><td>1,135</td><td>34.2</td><td>27.2</td><td>70.8</td></tr><tr><td>Oklahoma</td><td>287</td><td>408</td><td>537</td><td>121</td><td>129</td><td>251</td><td>42.3</td><td>31.7</td><td>87.4</td></tr><tr><td>Oregon</td><td>239</td><td>398</td><td>520</td><td>159</td><td>122</td><td>281</td><td>66.7</td><td>30.6</td><td>117.7</td></tr><tr><td>Pennsylvania: Philadelphia 1/</td><td>1,305</td><td>1,554</td><td>1,788</td><td>248</td><td>235</td><td>483</td><td>19.0</td><td>15.1</td><td>37.0</td></tr><tr><td>Pittsburgh</td><td>931</td><td>1,072</td><td>1,318</td><td>141</td><td>246</td><td>387</td><td>15.1</td><td>23.0</td><td>41.5</td></tr><tr><td>Other</td><td>696</td><td>908</td><td>1,111</td><td>211</td><td>203</td><td>414</td><td>30.4</td><td>22.4</td><td>59.5</td></tr><tr><td>Total</td><td>2,933</td><td>3,533</td><td>4,217</td><td>600</td><td>684</td><td>1,284</td><td>20.5</td><td>19.4</td><td>43.8</td></tr><tr><td>Rhode Island: Providence</td><td>186</td><td>243</td><td>268</td><td>57</td><td>25</td><td>82</td><td>30.4</td><td>10.4</td><td>43.9</td></tr><tr><td>Other</td><td>5</td><td>6</td><td>9</td><td>1</td><td>3</td><td>4</td><td>19.1</td><td>53.6</td><td>82.9</td></tr><tr><td>Total</td><td>191</td><td>249</td><td>277</td><td>58</td><td>28</td><td>86</td><td>30.1</td><td>11.3</td><td>44.9</td></tr><tr><td>South Carolina</td><td>135</td><td>206</td><td>262</td><td>71</td><td>56</td><td>127</td><td>52.8</td><td>27.0</td><td>94.0</td></tr><tr><td>South Dakota</td><td>64</td><td>111</td><td>150</td><td>47</td><td>39</td><td>87</td><td>74.2</td><td>35.4</td><td>135.9</td></tr><tr><td>Tennessee</td><td>331</td><td>484</td><td>631</td><td>153</td><td>147</td><td>300</td><td>46.4</td><td>30.3</td><td>90.8</td></tr><tr><td>Texas: Houston</td><td>233</td><td>308</td><td>423</td><td>74</td><td>115</td><td>189</td><td>31.9</td><td>37.4</td><td>81.2</td></tr><tr><td>Other</td><td>958</td><td>1,430</td><td>1,914</td><td>472</td><td>484</td><td>956</td><td>49.3</td><td>33.8</td><td>99.7</td></tr><tr><td>Total</td><td>1,191</td><td>1,738</td><td>2,337</td><td>546</td><td>599</td><td>1,145</td><td>45.9</td><td>34.5</td><td>96.1</td></tr><tr><td>Utah</td><td>85</td><td>147</td><td>188</td><td>62</td><td>41</td><td>103</td><td>72.7</td><td>28.1</td><td>121.1</td></tr><tr><td>Vermont</td><td>35</td><td>47</td><td>58</td><td>11</td><td>12</td><td>23</td><td>31.7</td><td>24.9</td><td>64.4</td></tr><tr><td>Virginia: Washington 1/</td><td>13</td><td>20</td><td>24</td><td>7</td><td>4</td><td>11</td><td>50.9</td><td>22.2</td><td>84.4</td></tr><tr><td>Other</td><td>333</td><td>475</td><td>579</td><td>142</td><td>104</td><td>246</td><td>42.5</td><td>21.9</td><td>73.7</td></tr><tr><td>Total</td><td>347</td><td>495</td><td>603</td><td>149</td><td>108</td><td>257</td><td>42.9</td><td>21.9</td><td>74.2</td></tr><tr><td>Washington: Seattle</td><td>212</td><td>340</td><td>407</td><td>129</td><td>67</td><td>195</td><td>60.7</td><td>19.5</td><td>92.1</td></tr><tr><td>Other</td><td>202</td><td>354</td><td>503</td><td>153</td><td>149</td><td>302</td><td>75.8</td><td>42.1</td><td>149.7</td></tr><tr><td>Total</td><td>413</td><td>695</td><td>910</td><td>281</td><td>216</td><td>497</td><td>68.1</td><td>31.0</td><td>120.2</td></tr><tr><td>West Virginia</td><td>176</td><td>222</td><td>287</td><td>46</td><td>65</td><td>111</td><td>26.3</td><td>29.3</td><td>63.3</td></tr><tr><td>Wisconsin: Milwaukee</td><td>228</td><td>317</td><td>411</td><td>89</td><td>94</td><td>183</td><td>39.3</td><td>29.6</td><td>80.5</td></tr><tr><td>Other</td><td>274</td><td>383</td><td>491</td><td>109</td><td>108</td><td>217</td><td>39.7</td><td>28.2</td><td>79.1</td></tr><tr><td>Total</td><td>502</td><td>700</td><td>902</td><td>198</td><td>202</td><td>400</td><td>39.5</td><td>28.8</td><td>79.8</td></tr><tr><td>Wyoming</td><td>44</td><td>63</td><td>81</td><td>19</td><td>18</td><td>37</td><td>44.7</td><td>27.9</td><td>85.1</td></tr><tr><td>Totale: 25 metropolitan areas</td><td>25,871</td><td>30,394</td><td>36,499</td><td>4,523</td><td>6,105</td><td>10,628</td><td>17.5</td><td>20.1</td><td>41.1</td></tr><tr><td>Other</td><td>11,724</td><td>17,247</td><td>22,579</td><td>5,523</td><td>5,332</td><td>10,854</td><td>47.1</td><td>30.9</td><td>92.6</td></tr><tr><td>Grand total</td><td>37,595</td><td>47,641</td><td>59,078</td><td>10,046</td><td>11,437</td><td>21,483</td><td>26.7</td><td>24.0</td><td>57.1</td></tr></table>
(Continued on following page)
A-10
Treasury Bulletin
Table 2. - Bank Deposits of Individuals, Partnerships, and Corporations by States and Metropolitan Areas - (Continued) On December 31, 1941, 1942, and 1943
Part C - Time Deposits
(Amounts in millions of dollars)
<table><tr><th>State and metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>Alabama</td><td>112</td><td>122</td><td>139</td><td>10</td><td>17</td><td>27</td><td>8.6</td><td>14.2</td><td>24.1</td></tr><tr><td>Arizona</td><td>30</td><td>35</td><td>45</td><td>5</td><td>10</td><td>14</td><td>15.1</td><td>28.2</td><td>47.5</td></tr><tr><td>Arkansas</td><td>48</td><td>50</td><td>52</td><td>2</td><td>2</td><td>4</td><td>3.9</td><td>4.6</td><td>8.7</td></tr><tr><td>California:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Los Angeles</td><td>696</td><td>761</td><td>964</td><td>65</td><td>203</td><td>268</td><td>9.4</td><td>26.6</td><td>38.5</td></tr><tr><td>San Francisco</td><td>1,004</td><td>1,066</td><td>1,241</td><td>62</td><td>175</td><td>237</td><td>6.2</td><td>16.4</td><td>23.6</td></tr><tr><td>Other</td><td>504</td><td>572</td><td>735</td><td>69</td><td>163</td><td>231</td><td>13.6</td><td>28.4</td><td>45.9</td></tr><tr><td>Total</td><td>2,204</td><td>2,399</td><td>2,940</td><td>196</td><td>540</td><td>736</td><td>8.9</td><td>22.5</td><td>33.4</td></tr><tr><td>Colorado</td><td>91</td><td>100</td><td>120</td><td>8</td><td>20</td><td>29</td><td>9.2</td><td>20.3</td><td>31.3</td></tr><tr><td>Connecticut:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bridgeport</td><td>252</td><td>266</td><td>299</td><td>14</td><td>33</td><td>47</td><td>5.4</td><td>12.4</td><td>18.5</td></tr><tr><td>Hartford</td><td>320</td><td>334</td><td>369</td><td>14</td><td>35</td><td>49</td><td>4.3</td><td>10.4</td><td>15.2</td></tr><tr><td>New Haven</td><td>237</td><td>247</td><td>280</td><td>10</td><td>32</td><td>42</td><td>4.1</td><td>13.1</td><td>17.8</td></tr><tr><td>Other</td><td>175</td><td>183</td><td>202</td><td>8</td><td>18</td><td>26</td><td>4.5</td><td>10.0</td><td>15.0</td></tr><tr><td>Total</td><td>985</td><td>1,031</td><td>1,149</td><td>45</td><td>119</td><td>164</td><td>4.6</td><td>11.5</td><td>16.6</td></tr><tr><td>Delaware</td><td>85</td><td>86</td><td>95</td><td>*</td><td>9</td><td>10</td><td>0.6</td><td>10.7</td><td>11.3</td></tr><tr><td>District of Columbia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Washington 1/</td><td>125</td><td>131</td><td>141</td><td>6</td><td>10</td><td>16</td><td>4.6</td><td>7.8</td><td>12.8</td></tr><tr><td>Florida</td><td>88</td><td>95</td><td>131</td><td>7</td><td>36</td><td>43</td><td>8.0</td><td>37.7</td><td>48.7</td></tr><tr><td>Georgia</td><td>131</td><td>135</td><td>163</td><td>4</td><td>28</td><td>32</td><td>3.4</td><td>20.4</td><td>24.5</td></tr><tr><td>Idaho</td><td>33</td><td>36</td><td>47</td><td>3</td><td>11</td><td>14</td><td>8.6</td><td>31.8</td><td>43.1</td></tr><tr><td>Illinois:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chicago 1/</td><td>773</td><td>777</td><td>932</td><td>4</td><td>155</td><td>159</td><td>0.5</td><td>20.0</td><td>20.6</td></tr><tr><td>St. Louis 1/</td><td>42</td><td>44</td><td>54</td><td>2</td><td>10</td><td>12</td><td>5.7</td><td>22.1</td><td>29.1</td></tr><tr><td>Other</td><td>274</td><td>282</td><td>333</td><td>8</td><td>51</td><td>59</td><td>3.1</td><td>18.0</td><td>21.6</td></tr><tr><td>Total</td><td>1,088</td><td>1,103</td><td>1,319</td><td>15</td><td>216</td><td>231</td><td>1.3</td><td>19.6</td><td>21.2</td></tr><tr><td>Indiana:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Chicago 1/</td><td>23</td><td>25</td><td>34</td><td>2</td><td>9</td><td>11</td><td>9.0</td><td>36.3</td><td>48.6</td></tr><tr><td>Cincinnati 1/</td><td>2</td><td>2</td><td>2</td><td>*</td><td>*</td><td>*</td><td>1.0</td><td>15.2</td><td>16.4</td></tr><tr><td>Other</td><td>343</td><td>351</td><td>419</td><td>8</td><td>69</td><td>77</td><td>2.2</td><td>19.7</td><td>22.3</td></tr><tr><td>Total</td><td>368</td><td>377</td><td>456</td><td>10</td><td>78</td><td>88</td><td>2.7</td><td>20.7</td><td>23.9</td></tr><tr><td>Iowa</td><td>251</td><td>259</td><td>284</td><td>7</td><td>26</td><td>33</td><td>2.9</td><td>9.9</td><td>13.1</td></tr><tr><td>Kansas:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Kansas City 1/</td><td>15</td><td>18</td><td>22</td><td>3</td><td>4</td><td>7</td><td>17.5</td><td>23.9</td><td>45.6</td></tr><tr><td>Other</td><td>66</td><td>66</td><td>69</td><td>1</td><td>3</td><td>3</td><td>1.2</td><td>4.1</td><td>5.3</td></tr><tr><td>Total</td><td>81</td><td>84</td><td>91</td><td>3</td><td>7</td><td>10</td><td>4.2</td><td>8.3</td><td>12.9</td></tr><tr><td>Kentucky:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cincinnati 1/</td><td>19</td><td>19</td><td>21</td><td>-9</td><td>2</td><td>1</td><td>-2.4</td><td>9.1</td><td>6.5</td></tr><tr><td>Other</td><td>115</td><td>106</td><td>108</td><td>-9</td><td>2</td><td>-7</td><td>-8.1</td><td>1.9</td><td>-6.3</td></tr><tr><td>Total</td><td>134</td><td>124</td><td>128</td><td>-10</td><td>4</td><td>-6</td><td>-7.2</td><td>3.0</td><td>-4.5</td></tr><tr><td>Louisiana</td><td>113</td><td>116</td><td>135</td><td>3</td><td>20</td><td>23</td><td>2.8</td><td>16.9</td><td>20.2</td></tr><tr><td>Maine</td><td>246</td><td>252</td><td>286</td><td>6</td><td>34</td><td>41</td><td>2.6</td><td>13.5</td><td>16.5</td></tr><tr><td>Maryland:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Baltimore</td><td>325</td><td>339</td><td>393</td><td>14</td><td>54</td><td>68</td><td>4.2</td><td>15.9</td><td>20.8</td></tr><tr><td>Washington 1/</td><td>18</td><td>19</td><td>23</td><td>1</td><td>4</td><td>5</td><td>8.3</td><td>20.5</td><td>30.5</td></tr><tr><td>Other</td><td>96</td><td>98</td><td>110</td><td>2</td><td>13</td><td>15</td><td>2.0</td><td>13.0</td><td>15.3</td></tr><tr><td>Total</td><td>438</td><td>455</td><td>526</td><td>17</td><td>71</td><td>88</td><td>3.9</td><td>15.5</td><td>20.0</td></tr><tr><td>Massachusetts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Boatton</td><td>1,703</td><td>1,733</td><td>1,885</td><td>30</td><td>153</td><td>183</td><td>1.8</td><td>8.8</td><td>10.7</td></tr><tr><td>Worcester</td><td>290</td><td>295</td><td>323</td><td>5</td><td>28</td><td>33</td><td>1.6</td><td>9.6</td><td>11.4</td></tr><tr><td>Other</td><td>529</td><td>549</td><td>603</td><td>20</td><td>54</td><td>74</td><td>3.8</td><td>9.8</td><td>14.0</td></tr><tr><td>Total</td><td>2,522</td><td>2,577</td><td>2,812</td><td>55</td><td>235</td><td>290</td><td>2.2</td><td>9.1</td><td>11.5</td></tr><tr><td>Michigan:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Detroit</td><td>392</td><td>448</td><td>598</td><td>56</td><td>151</td><td>207</td><td>14.3</td><td>33.6</td><td>52.8</td></tr><tr><td>Other</td><td>368</td><td>402</td><td>515</td><td>34</td><td>113</td><td>147</td><td>9.3</td><td>28.1</td><td>40.0</td></tr><tr><td>Total</td><td>759</td><td>850</td><td>1,113</td><td>90</td><td>263</td><td>354</td><td>11.9</td><td>31.0</td><td>46.6</td></tr><tr><td>Minnesota:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Minneapolis-St. Paul</td><td>179</td><td>190</td><td>230</td><td>11</td><td>40</td><td>51</td><td>5.9</td><td>21.3</td><td>28.4</td></tr><tr><td>Other</td><td>219</td><td>237</td><td>283</td><td>18</td><td>45</td><td>64</td><td>8.2</td><td>19.1</td><td>29.0</td></tr><tr><td>Total</td><td>399</td><td>427</td><td>513</td><td>29</td><td>86</td><td>114</td><td>7.2</td><td>20.1</td><td>28.7</td></tr><tr><td>Mississippi</td><td>74</td><td>71</td><td>76</td><td>-3</td><td>4</td><td>2</td><td>-3.7</td><td>6.0</td><td>2.1</td></tr><tr><td>Missouri:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Kansas City 1/</td><td>38</td><td>42</td><td>54</td><td>4</td><td>12</td><td>16</td><td>11.3</td><td>27.9</td><td>42.3</td></tr><tr><td>St. Louis 1/</td><td>194</td><td>198</td><td>228</td><td>4</td><td>30</td><td>34</td><td>1.9</td><td>15.1</td><td>17.3</td></tr><tr><td>Other</td><td>80</td><td>78</td><td>79</td><td>-2</td><td>2</td><td>-1</td><td>-3.0</td><td>2.1</td><td>-1.0</td></tr><tr><td>Total</td><td>313</td><td>318</td><td>361</td><td>6</td><td>43</td><td>49</td><td>1.8</td><td>13.6</td><td>15.7</td></tr></table>
(Continued on following page)
June 1944
A-11
Table 2
- Bank Deposits of Individuals, Partnerships, and Corporations
by States and Metropolitan Areas - (Continued) On December 31, 1941, 1942, and 1943
Part C - T
me Deposits - (Continued)
(Amounts in millions of dollars)
<table><tr><th>State and metropolitan area</th><th>Dec. 31, 1941</th><th>Dec. 31, 1942</th><th>Dec. 31, 1943</th><th colspan="3">Increase during calendar year</th><th colspan="3">Percentage increase</th></tr><tr><th></th><th></th><th></th><th></th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th><th>1942</th><th>1943</th><th>Total 1942 and 1943</th></tr><tr><td>Montana</td><td>40</td><td>42</td><td>47</td><td>2</td><td>6</td><td>7</td><td>4.4</td><td>13.3</td><td>18.2</td></tr><tr><td>Nebraska</td><td>62</td><td>66</td><td>78</td><td>4</td><td>12</td><td>16</td><td>6.4</td><td>17.7</td><td>25.2</td></tr><tr><td>Nevada</td><td>18</td><td>22</td><td>26</td><td>4</td><td>4</td><td>8</td><td>21.7</td><td>19.0</td><td>40.0</td></tr><tr><td>New Hampshire</td><td>231</td><td>232</td><td>249</td><td>1</td><td>17</td><td>18</td><td>0.3</td><td>7.4</td><td>7.7</td></tr><tr><td>New Jersey:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>New York City 1/</td><td>1,017</td><td>1,047</td><td>1,211</td><td>30</td><td>164</td><td>194</td><td>3.0</td><td>15.7</td><td>19.1</td></tr><tr><td>Philadelphia 1/</td><td>60</td><td>62</td><td>70</td><td>2</td><td>8</td><td>10</td><td>2.9</td><td>13.4</td><td>16.7</td></tr><tr><td>Other</td><td>146</td><td>148</td><td>175</td><td>2</td><td>27</td><td>28</td><td>1.3</td><td>17.9</td><td>19.1</td></tr><tr><td>Total</td><td>1,224</td><td>1,258</td><td>1,456</td><td>34</td><td>199</td><td>233</td><td>2.8</td><td>15.8</td><td>19.0</td></tr><tr><td>New Mexico</td><td>15</td><td>17</td><td>20</td><td>2</td><td>3</td><td>5</td><td>11.7</td><td>18.1</td><td>31.9</td></tr><tr><td>New York:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Buffalo</td><td>403</td><td>415</td><td>489</td><td>12</td><td>74</td><td>86</td><td>3.1</td><td>17.8</td><td>21.4</td></tr><tr><td>New York City 1/</td><td>5,564</td><td>5,510</td><td>6,158</td><td>-54</td><td>648</td><td>594</td><td>-1.0</td><td>11.8</td><td>10.7</td></tr><tr><td>Rochester</td><td>259</td><td>254</td><td>276</td><td>-5</td><td>22</td><td>16</td><td>-1.9</td><td>8.5</td><td>6.1</td></tr><tr><td>Other</td><td>1,319</td><td>1,345</td><td>1,497</td><td>25</td><td>152</td><td>178</td><td>1.9</td><td>11.3</td><td>13.5</td></tr><tr><td>Total</td><td>7,546</td><td>7,525</td><td>8,420</td><td>-21</td><td>896</td><td>874</td><td>-0.3</td><td>11.9</td><td>11.6</td></tr><tr><td>North Carolina</td><td>128</td><td>134</td><td>155</td><td>6</td><td>21</td><td>27</td><td>4.6</td><td>15.5</td><td>20.9</td></tr><tr><td>North Dakota</td><td>34</td><td>36</td><td>45</td><td>3</td><td>9</td><td>12</td><td>8.4</td><td>25.0</td><td>35.1</td></tr><tr><td>Ohio:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cincinnati 1/</td><td>132</td><td>133</td><td>146</td><td>1</td><td>13</td><td>15</td><td>0.9</td><td>10.0</td><td>11.0</td></tr><tr><td>Cleveland</td><td>414</td><td>436</td><td>517</td><td>22</td><td>81</td><td>103</td><td>5.3</td><td>18.6</td><td>24.0</td></tr><tr><td>Other</td><td>621</td><td>655</td><td>804</td><td>35</td><td>148</td><td>183</td><td>5.6</td><td>22.6</td><td>29.1</td></tr><tr><td>Total</td><td>1,167</td><td>1,225</td><td>1,467</td><td>58</td><td>243</td><td>300</td><td>4.9</td><td>19.8</td><td>25.7</td></tr><tr><td>Oklahoma</td><td>72</td><td>65</td><td>66</td><td>-7</td><td>*</td><td>-7</td><td>-9.8</td><td>0.7</td><td>-9.2</td></tr><tr><td>Oregon</td><td>140</td><td>166</td><td>221</td><td>25</td><td>55</td><td>81</td><td>18.2</td><td>33.5</td><td>57.7</td></tr><tr><td>Pennsylvania:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Philadelphia 1/</td><td>880</td><td>827</td><td>931</td><td>-53</td><td>104</td><td>51</td><td>-6.0</td><td>12.5</td><td>5.8</td></tr><tr><td>Pittsburgh</td><td>486</td><td>439</td><td>452</td><td>-47</td><td>14</td><td>-34</td><td>-9.7</td><td>3.1</td><td>-6.9</td></tr><tr><td>Other</td><td>982</td><td>962</td><td>1,050</td><td>-20</td><td>87</td><td>68</td><td>-2.0</td><td>9.1</td><td>6.9</td></tr><tr><td>Total</td><td>2,348</td><td>2,228</td><td>2,433</td><td>-119</td><td>205</td><td>85</td><td>-5.1</td><td>9.2</td><td>3.6</td></tr><tr><td>Rhode Island:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Providence</td><td>320</td><td>333</td><td>363</td><td>12</td><td>30</td><td>42</td><td>3.8</td><td>9.1</td><td>13.2</td></tr><tr><td>Other</td><td>18</td><td>14</td><td>21</td><td>-4</td><td>7</td><td>3</td><td>-21.3</td><td>49.6</td><td>17.7</td></tr><tr><td>Total</td><td>338</td><td>346</td><td>384</td><td>8</td><td>37</td><td>46</td><td>2.5</td><td>10.7</td><td>13.5</td></tr><tr><td>South Carolina</td><td>37</td><td>39</td><td>44</td><td>2</td><td>6</td><td>8</td><td>5.3</td><td>14.5</td><td>20.6</td></tr><tr><td>South Dakota</td><td>31</td><td>33</td><td>38</td><td>2</td><td>5</td><td>7</td><td>6.9</td><td>14.5</td><td>22.4</td></tr><tr><td>Tennessee</td><td>181</td><td>183</td><td>212</td><td>3</td><td>29</td><td>32</td><td>1.6</td><td>15.6</td><td>17.4</td></tr><tr><td>Texas:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Houston</td><td>41</td><td>41</td><td>49</td><td>*</td><td>8</td><td>8</td><td>0.1</td><td>19.3</td><td>19.4</td></tr><tr><td>Other</td><td>166</td><td>161</td><td>181</td><td>-5</td><td>20</td><td>15</td><td>-3.0</td><td>12.6</td><td>9.2</td></tr><tr><td>Total</td><td>207</td><td>203</td><td>231</td><td>-5</td><td>28</td><td>23</td><td>2.4</td><td>14.0</td><td>11.2</td></tr><tr><td>Utah</td><td>66</td><td>77</td><td>98</td><td>12</td><td>21</td><td>32</td><td>17.6</td><td>26.8</td><td>49.1</td></tr><tr><td>Vermont</td><td>137</td><td>138</td><td>150</td><td>*</td><td>12</td><td>13</td><td>0.3</td><td>9.0</td><td>9.4</td></tr><tr><td>Virginia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Washington 1/</td><td>7</td><td>8</td><td>10</td><td>1</td><td>1</td><td>2</td><td>12.1</td><td>17.5</td><td>31.8</td></tr><tr><td>Other</td><td>283</td><td>291</td><td>312</td><td>8</td><td>21</td><td>29</td><td>2.8</td><td>7.3</td><td>10.3</td></tr><tr><td>Total</td><td>290</td><td>299</td><td>322</td><td>9</td><td>23</td><td>31</td><td>3.0</td><td>7.6</td><td>10.8</td></tr><tr><td>Washington:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Seattle</td><td>153</td><td>182</td><td>233</td><td>29</td><td>51</td><td>80</td><td>19.0</td><td>28.1</td><td>52.4</td></tr><tr><td>Other</td><td>118</td><td>141</td><td>188</td><td>23</td><td>47</td><td>70</td><td>19.6</td><td>33.3</td><td>59.4</td></tr><tr><td>Total</td><td>271</td><td>324</td><td>422</td><td>52</td><td>98</td><td>150</td><td>19.3</td><td>30.3</td><td>55.5</td></tr><tr><td>West Virginia</td><td>123</td><td>120</td><td>137</td><td>-3</td><td>17</td><td>15</td><td>-2.2</td><td>14.4</td><td>11.9</td></tr><tr><td>Wisconsin:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Milwaukee</td><td>116</td><td>125</td><td>153</td><td>9</td><td>28</td><td>37</td><td>7.8</td><td>22.4</td><td>32.0</td></tr><tr><td>Other</td><td>356</td><td>393</td><td>480</td><td>37</td><td>87</td><td>124</td><td>10.4</td><td>22.1</td><td>34.8</td></tr><tr><td>Total</td><td>472</td><td>518</td><td>633</td><td>46</td><td>115</td><td>161</td><td>9.8</td><td>22.2</td><td>34.1</td></tr><tr><td>Wyoming</td><td>22</td><td>22</td><td>24</td><td>*</td><td>2</td><td>2</td><td>0.6</td><td>9.8</td><td>10.4</td></tr><tr><td>Totals:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>25 metropolitan areas</td><td>16,502</td><td>16,768</td><td>19,154</td><td>266</td><td>2,387</td><td>2,652</td><td>1.6</td><td>14.2</td><td>16.1</td></tr><tr><td>Other</td><td>9,416</td><td>9,782</td><td>11,347</td><td>367</td><td>1,565</td><td>1,931</td><td>3.9</td><td>16.0</td><td>20.5</td></tr><tr><td>Grand total</td><td>25,917</td><td>26,550</td><td>30,501</td><td>632</td><td>3,951</td><td>4,584</td><td>2.4</td><td>14.9</td><td>17.7</td></tr></table>
* Less than $500,000.
1/ Consists only of that portion of the metropolitan area
lying within this State. For data on the entire metropolitan area see Table 1.
June 1944
1
SUMMARY OF FISCAL STATISTICS
2
Treasury Bulletin
Budgetary Receipts and Expenditures
<table><tr><th rowspan="2"></th><th colspan="4">First 11 months, fiscal years 1942 to 1944</th><th colspan="6">Complete fiscal years, 1941 to 1945</th></tr><tr><th>1942</th><th>1943</th><th>1944</th><th>Change 1943 to 1944</th><th colspan="2">Actual</th><th colspan="2">Estimated 1/</th><th colspan="2">Change</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>1941</th><th>1942</th><th>1943</th><th>1944</th><th>1945</th><th>Actual 1943 to estimated 1944 1/</th><th>Estimated 1944 to estimated 1945 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 revenues:</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>5,874</td><td>12,290</td><td>29,414</td><td>+17,124</td><td>3,470</td><td>7,960</td><td>16,094</td><td>32,673</td><td>32,505</td><td>+16,579</td><td>-68</td></tr><tr><td>Employment taxes</td><td>1,146</td><td>1,443</td><td>1,668</td><td>+224</td><td>925</td><td>1,186</td><td>1,498</td><td>1,870</td><td>3,169</td><td>+372</td><td>+1,299</td></tr><tr><td>Miscellaneous internal revenue 3/</td><td>3,549</td><td>4,200</td><td>4,869</td><td>+669</td><td>2,967</td><td>3,847</td><td>4,553</td><td>5,161</td><td>5,164</td><td>+608</td><td>+3</td></tr><tr><td>Customs</td><td>361</td><td>290</td><td>403</td><td>+112</td><td>392</td><td>389</td><td>324</td><td>420</td><td>438</td><td>+96</td><td>+18</td></tr><tr><td>Other receipts 4/</td><td>244</td><td>592</td><td>2,806</td><td>+2,214</td><td>515</td><td>286</td><td>916</td><td>2,455</td><td>2,050</td><td>+1,538</td><td>-405</td></tr><tr><td>Total receipts</td><td>11,174</td><td>18,816</td><td>39,160</td><td>+20,344</td><td>8,269</td><td>13,668</td><td>23,385</td><td>42,578</td><td>43,425</td><td>+19,193</td><td>+847</td></tr><tr><td>Loans:</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>867</td><td>1,103</td><td>1,258</td><td>+155</td><td>661</td><td>869</td><td>1,103</td><td>1,392</td><td>2,656</td><td>+289</td><td>+1,264</td></tr><tr><td>Net receipts</td><td>10,307</td><td>17,713</td><td>37,902</td><td>+20,189</td><td>7,607</td><td>12,799</td><td>22,282</td><td>41,186</td><td>40,769</td><td>+18,904</td><td>-417</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>12,063</td><td>38,841</td><td>45,136</td><td>+6,296</td><td>3,678</td><td>14,070</td><td>42,265</td><td>48,790</td><td>47,597</td><td>+6,525</td><td>-1,193</td></tr><tr><td>Navy Department</td><td>7,271</td><td>17,909</td><td>23,901</td><td>+5,993</td><td>2,313</td><td>8,580</td><td>20,888</td><td>27,000</td><td>28,500</td><td>+6,112</td><td>+1,500</td></tr><tr><td>Miscellaneous war activities</td><td>2,848</td><td>7,890</td><td>10,434</td><td>+2,544</td><td>310</td><td>3,362</td><td>8,955</td><td>11,910</td><td>11,453</td><td>+2,955</td><td>-157</td></tr><tr><td>Anticipated supplemental appropriations</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>800</td><td>650</td><td>+800</td><td>-150</td></tr><tr><td>Total war activities</td><td>22,182</td><td>64,640</td><td>79,472</td><td>+14,832</td><td>6,301</td><td>26,011</td><td>72,109</td><td>88,500</td><td>88,200</td><td>+16,391</td><td>-300</td></tr><tr><td>Veterans' Administration 7/</td><td>508</td><td>553</td><td>630</td><td>+76</td><td>563</td><td>556</td><td>602</td><td>873</td><td>1,267</td><td>+271</td><td>+393</td></tr><tr><td>Public Works 8/</td><td>622</td><td>502</td><td>413</td><td>-88</td><td>738</td><td>680</td><td>543</td><td>569</td><td>387</td><td>+26</td><td>-182</td></tr><tr><td>Aid to agriculture 9/</td><td>1,174</td><td>1,095</td><td>849</td><td>-246</td><td>93710</td><td>1,225</td><td>1,163</td><td>891</td><td>647</td><td>-272</td><td>-244</td></tr><tr><td>Social Security program 11/</td><td>647</td><td>719</td><td>770</td><td>+51</td><td>588</td><td>659</td><td>735</td><td>796</td><td>777</td><td>+61</td><td>-19</td></tr><tr><td>Work Projects Administration</td><td>90912/</td><td>296</td><td>17</td><td>-280</td><td>1,37412/</td><td>97012/</td><td>299</td><td>11</td><td>-</td><td>-288</td><td>-11</td></tr><tr><td>Civilian Conservation Corps</td><td>156</td><td>18</td><td>*</td><td>-18</td><td>257</td><td>163</td><td>18</td><td>*</td><td>-</td><td>-18</td><td>*</td></tr><tr><td>Other 13/</td><td>798</td><td>830</td><td>1,106</td><td>+275</td><td>841</td><td>873</td><td>901</td><td>1,490</td><td>2,881</td><td>+589</td><td>+1,391</td></tr><tr><td>Interest on the public debt</td><td>870</td><td>1,199</td><td>1,862</td><td>+663</td><td>1,111</td><td>1,260</td><td>1,808</td><td>2,650</td><td>3,750</td><td>+842</td><td>+1,100</td></tr><tr><td>Anticipated supplemental appropriations</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>170</td><td>45</td><td>+170</td><td>-125</td></tr><tr><td>Total expenditures 6/</td><td>27,867</td><td>69,852</td><td>85,119</td><td>+15,266</td><td>12,711</td><td>32,397</td><td>78,179</td><td>95,951</td><td>97,954</td><td>+17,772</td><td>+2,003</td></tr><tr><td>Net budgetary deficit 6/</td><td>17,560</td><td>52,139</td><td>47,216</td><td>-4,923</td><td>5,103</td><td>19,598</td><td>55,897</td><td>54,765</td><td>57,185</td><td>-1,132</td><td>+2,420</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Based upon estimates as shown in the 1945 Budget.
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 deposits by the War, Navy, and Treasury Departments and the U.S. Maritime Commission resulting from the renegotiation of war contracts. Information on the amount of such deposits is not available on the basis of Daily Treasury Statements. On the basis of covering warrants, such deposits totaled $558 millions during the fiscal year 1943. Budget estimates of such deposits for the fiscal years 1944 and 1945 are $1,212 millions and $1,733 millions, respectively.
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
8/ Service Life Insurance Fund. 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 $1,252 millions less repayments of U. S. investments in capital funds aggregating $315 millions.
11/ Includes expenditures classified as transfers to trust account, 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/ Includes National Youth Administration.
13/ Includes departmental expenditures not otherwise classified and expenditures classified as transfers to trust accounts, etc., for Government employee retirement and insurance funds. Budget estimates for 1944 and 1945 include $5 millions and $1,000 millions, respectively, representing transfers to public debt accounts for excess-profit tax refund bonds.
June 1944
3
Public Debt and Guaranteed Obligations Outstanding
(In millions of dollars)
<table><tr><th></th><th colspan="4">End of first 11 months, fiscal years 1942 to 1944</th><th colspan="6">End of fiscal years, 1941 to 1945</th></tr><tr><th></th><th>May 31, 1942</th><th>May 31, 1943</th><th>May 31, 1944</th><th>Change May 31, 1943 to May 31, 1944</th><th colspan="2">Actual</th><th colspan="2">Estimated 1/</th><th colspan="2">Change</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>June 30, 1941</th><th>June 30, 1942</th><th>June 30, 1943</th><th>June 30, 1944</th><th>June 30, 1945</th><th>Actual June 30, 1943 to estimated June 30, 1944 1/</th><th>Estimated June 30, 1944 to estimated June 30, 1945 1/</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>47,615</td><td>95,382</td><td>128,029</td><td>+32,647</td><td>37,713</td><td>50,573</td><td>95,310</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Non-marketable</td><td>12,976</td><td>29,095</td><td>42,724</td><td>+13,629</td><td>14,555</td><td>13,510</td><td>29,200</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Total public issues</td><td>60,591</td><td>124,477</td><td>170,753</td><td>+46,275</td><td>42,267</td><td>64,083</td><td>124,509</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Special issues</td><td>7,518</td><td>10,198</td><td>14,122</td><td>+3,923</td><td>6,120</td><td>7,885</td><td>10,871</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Total interest-bearing debt</td><td>68,108</td><td>134,675</td><td>184,874</td><td>+50,199</td><td>48,387</td><td>71,968</td><td>135,380</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Matured debt and debt bearing no interest</td><td>462</td><td>1,238</td><td>1,492</td><td>+259</td><td>574</td><td>454</td><td>1,316</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Total public debt outstanding</td><td>68,571</td><td>135,913</td><td>186,366</td><td>+50,454</td><td>48,961</td><td>72,422</td><td>136,696</td><td>197,600</td><td>258,000</td><td>+60,904</td><td>+60,400</td></tr><tr><td>Securities guaranteed by the United States 1</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 1/</td><td>5,667</td><td>3,908</td><td>1,190</td><td>-2,719</td><td>6,360</td><td>4,549</td><td>3,908</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Non-marketable 1/</td><td>-</td><td>174</td><td>339</td><td>+166</td><td>-</td><td>-</td><td>183</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Total interest-bearing debt</td><td>5,667</td><td>4,082</td><td>1,529</td><td>-2,553</td><td>6,360</td><td>4,549</td><td>4,092</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Matured debt</td><td>21</td><td>9</td><td>140</td><td>+131</td><td>11</td><td>20</td><td>8</td><td>2/</td><td>2/</td><td>2/</td><td>2/</td></tr><tr><td>Total guaranteed securities outstanding</td><td>5,687</td><td>4,091</td><td>1,669</td><td>-2,422</td><td>6,370</td><td>4,568</td><td>4,100</td><td>1,201</td><td>48</td><td>-2,899</td><td>-1,153</td></tr><tr><td>Total public debt and guaranteed securities outstanding</td><td>74,258</td><td>140,003</td><td>188,035</td><td>+48,032</td><td>55,332</td><td>76,991</td><td>140,796</td><td>198,801</td><td>258,048</td><td>+58,005</td><td>+59,247</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Based upon estimates as shown in the 1945 Budget.
2/ Details not available.
3/ Excludes guaranteed securities held by the Treasury.
4/ The Reconstruction Finance Corporation notes, Series I-A, I-B, and I-C, which are held entirely by United States Government agencies, have been classified as non-marketable issues.
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="3">First 11 months, fiscal years 1942 to 1944</th><th colspan="5">Complete fiscal years, 1941 to 1945</th></tr><tr><th>1942</th><th>1943</th><th>1944</th><th colspan="3">Actual</th><th colspan="2">Estimated 1/</th></tr><tr><th></th><th></th><th></th><th></th><th>1941</th><th>1942</th><th>1943</th><th>1944</th><th>1945</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></tr><tr><td>Net budgetary deficit 2/</td><td>17,560</td><td>52,139</td><td>47,216</td><td>5,103</td><td>19,598</td><td>55,897</td><td>54,765</td><td>57,185</td></tr><tr><td>Net increase in General Fund balance</td><td>179</td><td>9,696</td><td>-</td><td>742</td><td>358</td><td>6,515</td><td>46</td><td>101</td></tr><tr><td>Net expenditures in trust accounts, increment on gold, etc. 3/</td><td>1,870</td><td>1,655</td><td>3,438</td><td>148</td><td>3,506</td><td>1,861</td><td>6,093</td><td>3,114</td></tr><tr><td>Total amount required to be financed</td><td>19,609</td><td>63,490</td><td>50,654</td><td>5,994</td><td>23,461</td><td>64,274</td><td>60,904</td><td>60,400</td></tr><tr><td>Means of financing:</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>19,609</td><td>63,490</td><td>49,670</td><td>5,994</td><td>23,461</td><td>64,274</td><td>60,904</td><td>60,400</td></tr><tr><td>Net decrease in General Fund balance</td><td>-</td><td>-</td><td>984</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net receipts in trust accounts, increment on gold, etc. 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total amount financed</td><td>19,609</td><td>63,490</td><td>50,654</td><td>5,994</td><td>23,461</td><td>64,274</td><td>60,904</td><td>60,400</td></tr></table>
Source: Daily Treasury Statements, except as noted. 1/ Based upon estimates as shown in the 1945 Budget. 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.
4
Treasury Bulletin
RECEIPTS AND EXPENDITURES AND APPROPRIATIONS
June 1944
5
Appropriations and Net Contract Authorizations for the War Activities Program 2/
As of May 31, 1944
<table><tr><th>Date approved</th><th>Public Law No.</th><th>Title of act</th><th>Appropriations</th><th>Net contract authorizations 2/</th></tr><tr><td colspan="5">77th Congress, First Session</td></tr><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>175,000,000</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>10,384,821,624</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>998,894,561</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 3/</td></tr><tr><td></td><td></td><td>(Title II)</td><td>159,005,585</td><td>47,000,000</td></tr><tr><td>Nov. 19, 1941</td><td>295</td><td>Defense Highway Act of 1941</td><td>9,112,021,947</td><td>60,000,000</td></tr><tr><td>Dec. 17, 1941</td><td>353</td><td>Third Supplemental National Defense Appropriation Act, 1942</td><td>510,000,000</td><td>-</td></tr><tr><td>Dec. 23, 1941</td><td>371</td><td>Joint Resolution (War, Philippine relief, and defense housing)</td><td></td><td>-</td></tr><tr><td>Total, 77th Congress, First Session</td><td></td><td></td><td>$ 49,396,437,450</td><td>$ 707,000,000</td></tr><tr><td colspan="5">77th Congress, Second Session</td></tr><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>-</td></tr><tr><td>Feb. 7, 1942</td><td>441</td><td>Naval Appropriation Act, 1943 4/</td><td>23,738,865,474</td><td>$ 2,400,000,000 5/</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>-</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 6/</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>-</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>227,726,864</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>10,415,078</td><td>-</td></tr><tr><td>July 2, 1942</td><td>648</td><td>Second Deficiency Appropriation Act, 1942</td><td>42,820,003,067</td><td>-</td></tr><tr><td>July 2, 1942</td><td>649</td><td>Military Appropriation Act, 1943</td><td>32,500,000</td><td>-</td></tr><tr><td>July 25, 1942</td><td>650</td><td>War Housing and Public Works Appropriation Act, 1942</td><td>1,845,234,990</td><td>-</td></tr><tr><td>July 25, 1942</td><td>678</td><td>First Supplemental National Defense Appropriation Act, 1943</td><td>6,299,361,448</td><td>5,547,346,795 5/</td></tr><tr><td>Oct. 26, 1942</td><td>763</td><td>Second Supplemental National Defense Appropriation Act, 1943 7/</td><td></td><td>-</td></tr><tr><td>Total, 77th Congress, Second Session</td><td></td><td></td><td>$139,736,203,988</td><td>$ 8,172,746,795</td></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>$ 2,093,111,745</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>50</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 8/</td><td>27,637,226,198</td><td>5,389,000,000 5/</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>31,979,500</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>151,340,083</td><td>-</td></tr><tr><td>Oct. 1, 1943</td><td>156</td><td>Joint Resolution (Labor Department)</td><td>18,620,000</td><td>-</td></tr><tr><td>Dec. 17, 1943</td><td>204</td><td>Public Law (naval expansion program)</td><td>3,650,449,880 5/</td><td>-</td></tr><tr><td>Dec. 23, 1943</td><td>216</td><td>First Supplemental National Defense Appropriation Act, 1944</td><td>81,283,468</td><td>-</td></tr><tr><td>Total, 78th Congress, First Session</td><td></td><td></td><td>$105,916,492,321</td><td>$11,200,561,625</td></tr></table>
(Continued on following page)
6
Treasury Bulletin
Appropriations and Net Contract Authorizations for the War Activities Program 1/
As of May 31, 1944 - (Continued)
<table><tr><th>Date approved</th><th>Public Law No.</th><th>Title of act</th><th>Appropriations</th><th>Net contract authorizations 2/</th></tr><tr><td colspan="5">78th Congress, Second Session</td></tr><tr><td>Jan. 28, 1944</td><td>224</td><td>Public Law (Navy - Public Works)</td><td>$ 31,359,200</td><td>$ 281,060,000</td></tr><tr><td>Feb. 14, 1944</td><td>229</td><td>Joint Resolution (farm labor and migration of workers)</td><td>170,221,080</td><td>120,000,000</td></tr><tr><td>Apr. 1, 1944</td><td>279</td><td>First Deficiency Appropriation Act, 1944</td><td>-</td><td>30,000,000</td></tr><tr><td>Apr. 4, 1944</td><td>288</td><td>Public Law (Federal Works Agency - public roads)</td><td>6,700,000</td><td>-</td></tr><tr><td>May 12, 1944</td><td>303</td><td>Joint Resolution (Labor Department - maternity and infant care)</td><td></td><td></td></tr><tr><td colspan="3">Total, 78th Congress, Second Session</td><td>$ 208,280,280</td><td>$ 431,060,000</td></tr><tr><td colspan="5">Pending 9/</td></tr><tr><td colspan="3">Naval Appropriation Bill, 1945</td><td>$ 27,569,798,301 10/</td><td>$-5,371,128,600</td></tr><tr><td colspan="3">Independent Offices Appropriation Bill, 1945</td><td>6,834,848,943 11/</td><td>-1,080,016,275</td></tr><tr><td colspan="3">Departments of Justice, State, and Commerce Appropriation Bill, 1945</td><td>47,535,000</td><td>-</td></tr><tr><td colspan="3">War Civil Appropriation Bill, 1945</td><td>2,087,080</td><td>-</td></tr><tr><td colspan="3">Agriculture Department Appropriation Bill, 1945</td><td>30,700,000</td><td>-</td></tr><tr><td colspan="3">Interior Department Appropriation Bill, 1945</td><td>22,601,000</td><td>-</td></tr><tr><td colspan="3">National War Agencies Appropriation Bill, 1945</td><td>1,030,858,367 12/</td><td>-1,500,000</td></tr><tr><td colspan="3">Labor - Federal Security Appropriation Bill, 1945</td><td>215,623,129</td><td>-</td></tr><tr><td colspan="3">Total pending</td><td>$ 35,754,051,820</td><td>$-6,452,644,875 13/</td></tr><tr><td colspan="5">Summary</td></tr><tr><td colspan="3">Total, 76th Congress, Third Session 14/</td><td>$ 8,994,015,828</td><td>-</td></tr><tr><td colspan="3">Total, 77th Congress, First Session</td><td>49,396,437,450</td><td>$ 707,000,000</td></tr><tr><td colspan="3">Total, 77th Congress, Second Session</td><td>139,736,203,988</td><td>8,172,746,795</td></tr><tr><td colspan="3">Total, 78th Congress, First Session</td><td>105,916,492,321</td><td>11,200,561,625</td></tr><tr><td colspan="3">Total, 78th Congress, Second Session</td><td>208,280,280</td><td>431,060,000</td></tr><tr><td colspan="3">Permanent appropriations and net transfers from other than war activities appropriations 15/</td><td>135,282,125</td><td>-</td></tr><tr><td colspan="3">Total approved</td><td>$304,386,711,992</td><td>$20,511,368,420</td></tr><tr><td colspan="3">Total pending, 78th Congress, Second Session</td><td>35,754,051,820</td><td>-6,452,644,875</td></tr><tr><td colspan="3">Liquidations of 1940 and prior contract authorizations</td><td>-467,872,846</td><td>-</td></tr><tr><td colspan="3">Total approved and pending appropriations and net contract authorizations 1/</td><td>$339,672,890,966</td><td>$14,058,723,545</td></tr></table>
1/ Consists of appropriations and net contract authorisations available on and after July 1, 1940. Excludes: (1) authorisations of the Reconstruction Finance Corporation and its affiliates for war purposes, and (2) unexpended balances of appropriations on June 30, 1940 (except immediately available funds from fiscal year 1941 appropriations) available for expenditure in the fiscal year 1941.
2/ Contract authorisations have been reduced by later appropriations which were earmarked in authorising acts for this purpose.
3/ Represents the net amount of contractual authority that the President may authorise the head of any department or agency of the Government to enter into for the procurement of defense articles, information or services for the government of any country whose defense the President deems vital to the defense of the United States.
4/ Includes $9,693,525,500 appropriated for the fiscal year 1942.
5/ Unappropriated contract authorisations for the naval expansion program are as follows:
<table><tr><th>Date approved</th><th>Public Law No.</th><th>Amount</th></tr><tr><td>Feb. 7, 1942<br>Oct. 26, 1942</td><td>441<br>763</td><td>Estimated by Navy Department) $ 2,400,000,000</td></tr><tr><td>June 26, 1943</td><td>92</td><td>Estimated by Navy Department) 5,547,346,795</td></tr><tr><td>Dec. 17, 1943</td><td>204</td><td>Estimated by Navy Department) 3,389,000,000</td></tr><tr><td></td><td></td><td>Total $14,986,796,675</td></tr></table>
6/ Includes $650,000 for the fiscal year 1941 and $209,440,000 for the fiscal year 1943, of which $440,000 was made immediately available.
7/ Includes $7,851,460 appropriated for the fiscal year 1942.
8/ Includes $30,000,000 for the fiscal year 1942 and $172,439,000 for the fiscal year 1943.
9/ Pending appropriations, as used herein, represent appropriation bills reported from the Committee on Appropriations to the House, or in subsequent stages of Congressional action before Presidential approval. Estimates of appropriations for war purposes reported by the President to Congress and submitted to the Committee on Appropriations, amounting to $19,837,959,104.58, are not included.
10/ Includes $10,446,060,000 for the liquidation of prior contract authorisations.
11/ Includes $4,719,390,499 for liquidation of contract authorisations made available in this act and $2,060,625,776 for liquidation of prior contract authorisations.
12/ Includes $4,000,000 for the liquidation of prior contract authorisations.
13/ Represents excess of pending liquidations of contract authorisations over contract authorizations.
14/ For details of appropriations made by 76th Congress, Third Session, see "Treasury Bulletin" for March 1944, page 5.
15/ Includes actual transfer of balances of the Bureau of Marine Inspection and Navigation from the Department of Commerce to Coast Guard, Navy, in the amount of $1,153,802 in accordance with Executive Order 9083, dated February 28, 1942. Also includes $4,605,632.60 received as war contributions under authority of the Second War Powers Act and deposits of advance payments made by foreign governments to the Defense Aid Special Fund for the procurement of defense articles amounting to $66,369,843.59.
June 1944
7
Budgetary 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="6">Expendituree 1/</th><th rowspan="2">Net budgetary deficit 1/</th><th rowspan="2">Public debt retirement 8/</th></tr><tr><th>Total receipts</th><th>Internal revenue 2/</th><th>Customs</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 (not) 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>77</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>1,820</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>6,242</td><td>5,674</td><td>359</td><td>208</td><td>387</td><td>5,855</td><td>7,239</td><td>5,869</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 9/</td><td>538</td><td>5,387</td><td>8,998</td><td>7,055</td><td>1,657</td><td>54</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 9/</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>332</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 9/</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/ 12/</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>1943-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>355</td><td>7,232</td><td>5</td><td>15</td><td>4,896</td><td>-</td></tr><tr><td>September.</td><td>5,448</td><td>5,160</td><td>31</td><td>257</td><td>*</td><td>5,447</td><td>7,535</td><td>583</td><td>6,952</td><td>-2</td><td>2</td><td>2,087</td><td>-</td></tr><tr><td>October.</td><td>2,069</td><td>1,813</td><td>38</td><td>218</td><td>39</td><td>2,030</td><td>7,456</td><td>438</td><td>6,989</td><td>-7</td><td>36</td><td>5,426</td><td>-</td></tr><tr><td>November.</td><td>2,370</td><td>2,115</td><td>34</td><td>221</td><td>271</td><td>2,099</td><td>7,839</td><td>304</td><td>7,541</td><td>-8</td><td>2</td><td>5,740</td><td>*</td></tr><tr><td>December.</td><td>5,737</td><td>5,484</td><td>34</td><td>220</td><td>1</td><td>5,736</td><td>7,452</td><td>740</td><td>6,718</td><td>-8</td><td>2</td><td>1,716</td><td>-</td></tr><tr><td>1944-January.</td><td>2,779</td><td>2,188</td><td>40</td><td>551</td><td>32</td><td>2,747</td><td>7,570</td><td>400</td><td>7,138</td><td>-6</td><td>37</td><td>4,823</td><td>*</td></tr><tr><td>February.</td><td>2,754</td><td>2,464</td><td>35</td><td>255</td><td>250</td><td>2,503</td><td>7,862</td><td>342</td><td>7,518</td><td>-3</td><td>5</td><td>5,359</td><td>*</td></tr><tr><td>March.</td><td>6,576</td><td>6,353</td><td>42</td><td>181</td><td>2</td><td>6,573</td><td>8,525</td><td>795</td><td>7,726</td><td>-3</td><td>7</td><td>1,952</td><td>*</td></tr><tr><td>April.</td><td>3,119</td><td>2,935</td><td>39</td><td>145</td><td>32</td><td>3,087</td><td>7,859</td><td>479</td><td>7,346</td><td>-6</td><td>40</td><td>4,772</td><td>-</td></tr><tr><td>May.</td><td>3,256</td><td>3,024</td><td>38</td><td>195</td><td>306</td><td>2,950</td><td>8,292</td><td>387</td><td>7,879</td><td>*</td><td>26</td><td>5,342</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.
10/ Receipts from reductions in capital stock and paid-in surplus available to be released 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 deposits by the War and Navy Departments and the U. S. Maritime Commission as a result of renegotiation of war contracts. On the basis of warrants issued, such amounts totaled $558 millions.
Table 2.- Analysis of Receipts from Internal Revenue
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Income and profits taxes</th><th colspan="3">Employment taxes</th><th rowspan="2">Miscellaneous internal revenue</th><th rowspan="2">Agricultural adjustment taxes</th></tr><tr><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></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>194</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>514</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>530</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>604</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>691</td><td>108</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>896</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>1943-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>359</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><tr><td>September</td><td>5,160</td><td>4,765</td><td>674</td><td>4,091</td><td>50</td><td>3</td><td>1</td><td>46</td><td>344</td><td>-</td></tr><tr><td>October</td><td>1,813</td><td>1,303</td><td>557</td><td>746</td><td>46</td><td>42</td><td>3</td><td>1</td><td>464</td><td>-</td></tr><tr><td>November</td><td>2,115</td><td>1,459</td><td>1,010</td><td>449</td><td>292</td><td>274</td><td>10</td><td>8</td><td>363</td><td>-</td></tr><tr><td>December</td><td>5,484</td><td>5,040</td><td>713</td><td>4,327</td><td>58</td><td>4</td><td>1</td><td>53</td><td>386</td><td>-</td></tr><tr><td>1944-January</td><td>2,188</td><td>1,727</td><td>574</td><td>1,153</td><td>49</td><td>34</td><td>14</td><td>1</td><td>412</td><td>-</td></tr><tr><td>February</td><td>2,464</td><td>1,747</td><td>1,137</td><td>610</td><td>373</td><td>252</td><td>117</td><td>4</td><td>344</td><td>-</td></tr><tr><td>March</td><td>6,353</td><td>5,911</td><td>750</td><td>5,161</td><td>67</td><td>4</td><td>4</td><td>59</td><td>375</td><td>-</td></tr><tr><td>April</td><td>2,935</td><td>2,475</td><td>560</td><td>1,915</td><td>39</td><td>35</td><td>3</td><td>-</td><td>421</td><td>-</td></tr><tr><td>May</td><td>3,024</td><td>2,167</td><td>1,104</td><td>1,063</td><td>337</td><td>309</td><td>14</td><td>13</td><td>520</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ For further details, see chapter on Internal Revenue Statistics.
2/ Include 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 above entitled Federal Insurance Contributions Act and Federal Unemployment Tax Act represent collections under Titles VIII and IX, respectively, of the Social Security Act.
Treasury Bulletin
8
Budgetary 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 colspan="2">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 2/</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><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>1,545</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>1943-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><tr><td>September</td><td>583</td><td>52</td><td>43</td><td>71</td><td>33</td><td>1</td><td>-</td><td>-</td><td>311</td><td>55</td><td>15</td></tr><tr><td>October</td><td>438</td><td>49</td><td>43</td><td>87</td><td>57</td><td>2</td><td>-</td><td>-</td><td>131</td><td>56</td><td>12</td></tr><tr><td>November</td><td>304</td><td>50</td><td>25</td><td>67</td><td>41</td><td>1</td><td>-</td><td>-</td><td>47</td><td>55</td><td>15</td></tr><tr><td>December</td><td>740</td><td>51</td><td>43</td><td>55</td><td>25</td><td>-</td><td>-</td><td>-</td><td>497</td><td>61</td><td>10</td></tr><tr><td>1944-January</td><td>400</td><td>52</td><td>37</td><td>86</td><td>59</td><td>6</td><td>-</td><td>-</td><td>87</td><td>58</td><td>14</td></tr><tr><td>February</td><td>342</td><td>52</td><td>30</td><td>92</td><td>34</td><td>1</td><td>-</td><td>-</td><td>56</td><td>59</td><td>18</td></tr><tr><td>March</td><td>795</td><td>55</td><td>41</td><td>99</td><td>36</td><td>-</td><td>-</td><td>-</td><td>449</td><td>62</td><td>54</td></tr><tr><td>April</td><td>479</td><td>55</td><td>32</td><td>100</td><td>54</td><td>-</td><td>-</td><td>-</td><td>117</td><td>70</td><td>50</td></tr><tr><td>May</td><td>387</td><td>59</td><td>25</td><td>102</td><td>44</td><td>-</td><td>-</td><td>-</td><td>52</td><td>43</td><td>60</td></tr></table>
Source: Daily Treasury Statements. Less than $500,000. 
1/ Includes public works undertaken by the Veterans' Administration. 
2/ Does not include expenditures for (1) revolving funds or (2) transfer 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. Excludes 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 (classified in the Daily Treasury Statement under "War Food Administration, Other" commencing October 1943), 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 Worke Progress Adminis-tration. Beginning with July 1942, expenditures for the National Youth Administration are classified as "war activities expenditures".
1/ 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 Corpora-tion, Federal home loan banks, and Disaster Loan Corporation.
10/ Grosse 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/.
June 1944
9
Budgetary Receipts and Expenditures - (Continued)
Table 4.- Analysis of Expenditure for War Activities
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>War Department</th><th>Devy 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 expenditures 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>1943-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>85</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><tr><td>September</td><td>6,952</td><td>4,036</td><td>1,909</td><td>1,007</td><td>239</td><td>11</td><td>24</td><td>50</td><td>5</td><td>114</td><td>366</td><td>130</td><td>-</td><td>69</td></tr><tr><td>October</td><td>6,989</td><td>4,142</td><td>1,955</td><td>892</td><td>176</td><td>24</td><td>25</td><td>54</td><td>5</td><td>100</td><td>294</td><td>148</td><td>-</td><td>66</td></tr><tr><td>November</td><td>7,541</td><td>4,173</td><td>2,134</td><td>1,235</td><td>332</td><td>14</td><td>19</td><td>44</td><td>5</td><td>111</td><td>402</td><td>216</td><td>-</td><td>91</td></tr><tr><td>December</td><td>6,718</td><td>3,841</td><td>2,050</td><td>827</td><td>45</td><td>6</td><td>21</td><td>39</td><td>5</td><td>108</td><td>356</td><td>104</td><td>-</td><td>82</td></tr><tr><td>1944-January</td><td>7,138</td><td>4,170</td><td>2,082</td><td>886</td><td>140</td><td>9</td><td>18</td><td>42</td><td>4</td><td>125</td><td>308</td><td>153</td><td>-</td><td>87</td></tr><tr><td>February</td><td>7,518</td><td>3,792</td><td>2,757</td><td>969</td><td>184</td><td>16</td><td>17</td><td>38</td><td>5</td><td>127</td><td>331</td><td>182</td><td>-</td><td>71</td></tr><tr><td>March</td><td>7,726</td><td>4,461</td><td>2,281</td><td>983</td><td>188</td><td>8</td><td>16</td><td>38</td><td>3</td><td>97</td><td>386</td><td>165</td><td>-</td><td>82</td></tr><tr><td>April</td><td>7,346</td><td>4,160</td><td>2,262</td><td>924</td><td>224</td><td>8</td><td>11</td><td>35</td><td>5</td><td>130</td><td>273</td><td>149</td><td>-</td><td>90</td></tr><tr><td>May</td><td>7,879</td><td>4,334</td><td>2,536</td><td>1,010</td><td>205</td><td>7</td><td>7</td><td>31</td><td>6</td><td>118</td><td>364</td><td>191</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. 1/ Includes war public housing functions. 2/ Includes emergency ship construction, beginning March 1941. 3/ 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 Office 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 1/</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>1943-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>1</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September</td><td>-2</td><td>-2</td><td>*</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October</td><td>-7</td><td>-7</td><td>*</td><td>36</td><td>3</td><td>34</td><td>-</td><td>-</td><td>-</td></tr><tr><td>November</td><td>-8</td><td>-8</td><td>*</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-2</td><td>-</td></tr><tr><td>December</td><td>-8</td><td>-8</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1944-January</td><td>-6</td><td>-5</td><td>-1</td><td>37</td><td>3</td><td>34</td><td>-</td><td>-</td><td>-</td></tr><tr><td>February</td><td>-3</td><td>-4</td><td>1</td><td>5</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March</td><td>-3</td><td>-3</td><td>-</td><td>7</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April</td><td>-6</td><td>-6</td><td>*</td><td>40</td><td>6</td><td>35</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May</td><td>*</td><td>*</td><td>*</td><td>26</td><td>26</td><td>-</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 Worke Administration.
4/ Compriece Adjusted Service Certificate Fund and the National Service Life Insurance Fund, administered by the Veterans' Administration.
5/ Include railroad retirement and railroad unemployment activities. For further explanations see tables which follow on Social Security program.
6/ Agricultural Marketing Administration (surplus commodity stamps). Grosse expenditures have been reduced $155 millions representing the repayment of capital funds by certain United States Government agencies. For details see footnoted to Table 1.
10
Treasury Bulletin
Budgetary Receipts and Expenditures - (Continued)
Table 6.- Totals by Months, Beginning with 1935
(In millions of dollars)
<table><tr><th>Calendar year</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 colspan="14">Net budgetary receipts 1/</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>5,205</td><td>1,514</td><td>1,480</td><td>4,569</td><td>2,007</td><td>2,721</td><td>5,447</td><td>2,030</td><td>2,099</td><td>5,736</td><td>34,554</td></tr><tr><td>1944</td><td>2,747</td><td>2,503</td><td>6,573</td><td>3,087</td><td>2,950</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="14">Budgetary expenditures 2/</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>848</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>7,535</td><td>7,456</td><td>7,839</td><td>7,452</td><td>88,084</td></tr><tr><td>1944</td><td>7,570</td><td>7,662</td><td>8,525</td><td>7,859</td><td>8,292</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="14">Net budgetary deficit 3/</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>2,087</td><td>5,426</td><td>5,740</td><td>1,716</td><td>53,530</td></tr><tr><td>1944</td><td>4,823</td><td>5,359</td><td>1,952</td><td>4,772</td><td>5,342</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury Statements. 1/ Total receipts less not amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund.
2/ Excludes public debt retirements. 3/ Total expenditures less net receipts.
June 1944
11
BUDGETARY RECEIPTS AND EXPENDITURES
12
Treasury Bulletin
Trust Accounts, Etc. Receipts and Expenditures
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>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>+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>-</td><td>-</td><td>19</td><td>19</td><td>-</td><td>+34</td><td>2,053</td><td>2,020</td></tr><tr><td>1937</td><td>+19</td><td>-</td><td>267</td><td>267</td><td>-</td><td>294</td><td>294</td><td>-</td><td>858</td><td>838</td></tr><tr><td>1938</td><td>+11</td><td>+1</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>1939</td><td>+29</td><td>+1</td><td>530</td><td>529</td><td>+1</td><td>838</td><td>837</td><td>+2</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>+2</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>+11</td><td>127</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>-</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>+4</td><td>221</td><td>217</td></tr><tr><td>1943-May</td><td>+266</td><td>+248</td><td>262</td><td>14</td><td>+2</td><td>277</td><td>275</td><td>-</td><td>15</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>+4</td><td>1</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>-4</td><td>161</td><td>165</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>-</td><td>-</td><td>261</td></tr><tr><td>September</td><td>-265</td><td>-289</td><td>1</td><td>289</td><td>-5</td><td>31</td><td>36</td><td>-</td><td>101</td><td>100</td></tr><tr><td>October</td><td>+52</td><td>+24</td><td>39</td><td>15</td><td>+5</td><td>77</td><td>31</td><td>-</td><td>34</td><td>33</td></tr><tr><td>November</td><td>+210</td><td>+256</td><td>271</td><td>15</td><td>-1</td><td>291</td><td>291</td><td>-</td><td>-</td><td>117</td></tr><tr><td>December</td><td>-262</td><td>-292</td><td>3</td><td>295</td><td>+41</td><td>83</td><td>43</td><td>-</td><td>114</td><td>123</td></tr><tr><td>1944-January</td><td>+50</td><td>+28</td><td>32</td><td>4</td><td>-40</td><td>36</td><td>76</td><td>-</td><td>34</td><td>34</td></tr><tr><td>February</td><td>+150</td><td>+134</td><td>250</td><td>116</td><td>-3</td><td>264</td><td>267</td><td>-</td><td>-</td><td>101</td></tr><tr><td>March</td><td>-201</td><td>-158</td><td>3</td><td>161</td><td>-3</td><td>43</td><td>46</td><td>-</td><td>-</td><td>102</td></tr><tr><td>April</td><td>+120</td><td>+15</td><td>32</td><td>16</td><td>+9</td><td>44</td><td>35</td><td>+1</td><td>35</td><td>34</td></tr><tr><td>May</td><td>+282</td><td>+289</td><td>306</td><td>17</td><td>-8</td><td>278</td><td>286</td><td>-</td><td>179</td><td>178</td></tr></table>
Source: 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 rowspan="2">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>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>3/</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>3/</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>244</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>1943-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><tr><td>September</td><td>-146</td><td>+22</td><td>-168</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>-</td><td>-2</td></tr><tr><td>October</td><td>-199</td><td>+2</td><td>-201</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+14</td><td>-</td><td>-14</td></tr><tr><td>November</td><td>+64</td><td>-2</td><td>+66</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+16</td><td>-2</td><td>-18</td></tr><tr><td>December</td><td>-427</td><td>-3</td><td>-424</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+22</td><td>-</td><td>-22</td></tr><tr><td>1944-January</td><td>-165</td><td>-18</td><td>-146</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+101</td><td>-</td><td>-101</td></tr><tr><td>February</td><td>-331</td><td>-115</td><td>-216</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+8</td><td>-</td><td>-8</td></tr><tr><td>March</td><td>-2,002</td><td>-95</td><td>-1,907</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2</td><td>-</td><td>2</td></tr><tr><td>April</td><td>-87</td><td>-577</td><td>+490</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+160</td><td>-</td><td>-160</td></tr><tr><td>May</td><td>-148</td><td>-1,647</td><td>+1,500</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+51</td><td>-</td><td>-51</td></tr></table>
Source: Daily Treasury Statements. Less than $500,000. 1/ Comprises FMA revolving fund, and special deposits (net). Also includes Agricultural Marketing Administration commodity
food stamp transections.
2/ Net receipts in this column constitute net sales, and net expenditures constitute net redemptions of obligations.
3/ Details not available.
June 1944
13
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="4">Amount required to be financed</th><th colspan="3">Means of financing</th></tr><tr><th></th><th>Total amount required to be financed</th><th>Net budgetary 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>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>2,528</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>1943-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><tr><td>September</td><td>14,291</td><td>2,087</td><td>11,794</td><td>410</td><td>14,291</td><td>14,291</td><td>-</td><td>-</td></tr><tr><td>October</td><td>6,697</td><td>5,426</td><td>1,139</td><td>132</td><td>6,697</td><td>6,697</td><td>-</td><td>-</td></tr><tr><td>November</td><td>5,740</td><td>5,740</td><td>-</td><td>-</td><td>5,740</td><td>1,112</td><td>4,338</td><td>290</td></tr><tr><td>December</td><td>2,383</td><td>1,716</td><td>-</td><td>667</td><td>2,383</td><td>-281</td><td>2,664</td><td>-</td></tr><tr><td>1944-January</td><td>4,837</td><td>4,823</td><td>-</td><td>14</td><td>4,837</td><td>4,781</td><td>55</td><td>-</td></tr><tr><td>February</td><td>12,448</td><td>5,359</td><td>6,916</td><td>173</td><td>12,448</td><td>12,448</td><td>-</td><td>-</td></tr><tr><td>March</td><td>4,157</td><td>1,952</td><td>-</td><td>2,205</td><td>4,157</td><td>1,608</td><td>2,549</td><td>-</td></tr><tr><td>April</td><td>4,772</td><td>4,772</td><td>-</td><td>-</td><td>4,772</td><td>252</td><td>4,327</td><td>193</td></tr><tr><td>May</td><td>5,342</td><td>5,342</td><td>-</td><td>-</td><td>5,342</td><td>1,399</td><td>3,757</td><td>185</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes amounts for public debt retirement which are chargeable to the sinking fund, etc., under special provisions of law.
2/ 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
Treasury Bulletin
Social Security Program
Section I.- Budgetary 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">Loss amounts credited to Federal Old-Age and Survivors Insurance Trust Fund</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>1936</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>-12.8</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>1943-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><tr><td>September</td><td>4.1</td><td>3.0</td><td>1.1</td><td>.2</td><td>3.9</td></tr><tr><td>October</td><td>44.6</td><td>41.5</td><td>3.0</td><td>38.9</td><td>5.7</td></tr><tr><td>November</td><td>284.1</td><td>273.6</td><td>10.5</td><td>271.0</td><td>13.1</td></tr><tr><td>December</td><td>4.8</td><td>3.7</td><td>1.1</td><td>1.1</td><td>3.8</td></tr><tr><td>1944-January</td><td>48.1</td><td>33.8</td><td>14.2</td><td>31.8</td><td>16.2</td></tr><tr><td>February</td><td>368.7</td><td>252.2</td><td>116.5</td><td>250.2</td><td>118.5</td></tr><tr><td>March</td><td>8.0</td><td>4.4</td><td>3.6</td><td>2.4</td><td>5.6</td></tr><tr><td>April</td><td>38.4</td><td>35.1</td><td>3.3</td><td>31.7</td><td>6.7</td></tr><tr><td>May</td><td>323.6</td><td>309.4</td><td>14.3</td><td>306.0</td><td>17.7</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Total</th><th colspan="6">Grants to States</th><th rowspan="2">Office for Emergency Management War Manpower Commission (U. S. Employment Service)</th><th rowspan="2">Refunds of taxes</th><th rowspan="2">Excess of expenditures - 5/</th></tr><tr><th>Administrative expenses</th><th>Total</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>Maternal and child health services</th><th>Services for crippled children</th><th>Child welfare services</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>-</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>41.0 6/</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>-</td><td>115.1</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>-</td><td>1.8</td><td>215.1</td></tr><tr><td>1940</td><td>384.2</td><td>25.3</td><td>355.5</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>-</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>-</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>-</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>20.7</td><td>2.8</td><td>341.3</td></tr><tr><td>1943-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>.3</td><td>24.8</td></tr><tr><td>June</td><td>16.4</td><td>3.0</td><td>.3.1</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>.3</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>.3</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>.3</td><td>41.7</td></tr><tr><td>September</td><td>32.9</td><td>2.9</td><td>29.7</td><td>25.3</td><td>2.8</td><td>.5</td><td>-</td><td>-</td><td>.6</td><td>.4</td><td>-</td><td>.1</td><td>.3</td><td>29.0</td></tr><tr><td>October</td><td>56.9</td><td>2.9</td><td>53.7</td><td>36.1</td><td>6.1</td><td>1.0</td><td>7.5</td><td>2.0</td><td>.5</td><td>.2</td><td>.2</td><td>-</td><td>.3</td><td>51.3</td></tr><tr><td>November</td><td>40.8</td><td>2.2</td><td>38.3</td><td>29.2</td><td>5.2</td><td>1.2</td><td>.6</td><td>.4</td><td>.9</td><td>.5</td><td>.2</td><td>-</td><td>.3</td><td>27.7</td></tr><tr><td>December</td><td>24.1</td><td>2.8</td><td>21.0</td><td>18.2</td><td>2.1</td><td>.5</td><td>-</td><td>-</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>.3</td><td>20.4</td></tr><tr><td>1944-January</td><td>58.8</td><td>2.2</td><td>56.1</td><td>35.2</td><td>6.2</td><td>1.1</td><td>9.7</td><td>2.2</td><td>.9</td><td>.5</td><td>.3</td><td>-</td><td>.5</td><td>42.6</td></tr><tr><td>February</td><td>33.4</td><td>2.7</td><td>30.4</td><td>24.2</td><td>4.7</td><td>.6</td><td>-</td><td>.2</td><td>.4</td><td>.3</td><td>-</td><td>-</td><td>.2</td><td>-85.2</td></tr><tr><td>March</td><td>35.4</td><td>2.8</td><td>32.3</td><td>26.4</td><td>3.0</td><td>.7</td><td>1.6</td><td>.3</td><td>.2</td><td>.2</td><td>-</td><td>-</td><td>.3</td><td>29.3</td></tr><tr><td>April</td><td>53.6</td><td>2.7</td><td>50.7</td><td>35.6</td><td>5.3</td><td>1.0</td><td>5.8</td><td>2.2</td><td>.3</td><td>.4</td><td>.1</td><td>-</td><td>.2</td><td>46.9</td></tr><tr><td>May</td><td>43.6</td><td>2.9</td><td>40.2</td><td>31.4</td><td>5.5</td><td>.9</td><td>.4</td><td>.2</td><td>.9</td><td>.7</td><td>.3</td><td>-</td><td>.5</td><td>25.9</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 1). 3/ Prior to January 1, 1940, figures represent amounts transferred to the Old-Age Reserve Account. From January 1 to July 1, 1940 "transfer" 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 expense 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.
5/ 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 portion of Federal employee' tax for 1936 collected under the Social Security Act.
June 1944
15
Social Security Program - (Continued)
Section I.- Budgetary Receipts and Expenditures - (Continued
Table 2.- Railroad Retirement Act
(In millions of dollars)
<table><tr><th>Piecal 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>1943-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><tr><td>September</td><td>46.2</td><td>.3</td><td>.3</td><td>-</td><td>.</td><td>-45.9</td></tr><tr><td>October</td><td>1.1</td><td>33.8</td><td>.2</td><td>33.5</td><td>.</td><td>32.7</td></tr><tr><td>November</td><td>8.2</td><td>.2</td><td>.2</td><td>-</td><td>.</td><td>-8.0</td></tr><tr><td>December</td><td>52.9</td><td>.4</td><td>.4</td><td>-</td><td>.</td><td>-52.5</td></tr><tr><td>1944-January</td><td>1.2</td><td>34.1</td><td>.1</td><td>34.0</td><td>.</td><td>32.9</td></tr><tr><td>February</td><td>4.1</td><td>.1</td><td>.1</td><td>-</td><td>.</td><td>-3.9</td></tr><tr><td>March</td><td>58.6</td><td>.2</td><td>.2</td><td>-</td><td>.</td><td>-58.4</td></tr><tr><td>April</td><td>.4</td><td>34.7</td><td>.2</td><td>34.5</td><td>.</td><td>34.3</td></tr><tr><td>May</td><td>13.4</td><td>.2</td><td>.2</td><td>-</td><td>.</td><td>-13.2</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 colspan="2">Receipts</th><th colspan="3">Expenditures</th><th rowspan="2">Excess of expenditures 5/</th></tr><tr><th>Railroad unemployment insurance contributions 2/</th><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>.5</td><td>.5</td><td>-</td><td>.5</td></tr><tr><td>1939</td><td>4.9</td><td>5.0</td><td>5.0</td><td>-</td><td>.1</td></tr><tr><td>1940</td><td>6.8</td><td>10.9</td><td>3.4</td><td>7.5</td><td>4.1</td></tr><tr><td>1941</td><td>8.5</td><td>6.4</td><td>2.5</td><td>3.9</td><td>-2.1</td></tr><tr><td>1942</td><td>10.3</td><td>8.2</td><td>2.2</td><td>6.0</td><td>-2.1</td></tr><tr><td>1943</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May</td><td>.2</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>.1</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><tr><td>September</td><td>2.5</td><td>.2</td><td>.2</td><td>-</td><td>-2.3</td></tr><tr><td>October</td><td>.1</td><td>.2</td><td>.2</td><td>-</td><td>.1</td></tr><tr><td>November</td><td>.2</td><td>.2</td><td>.2</td><td>-</td><td>.1</td></tr><tr><td>December</td><td>2.7</td><td>.2</td><td>.2</td><td>-</td><td>-2.5</td></tr><tr><td>1944</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>.1</td><td>.3</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td>February</td><td>.1</td><td>.3</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td>March</td><td>2.8</td><td>.3</td><td>.3</td><td>-</td><td>-2.6</td></tr><tr><td>April</td><td>.1</td><td>.3</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td>May</td><td>.1</td><td>.3</td><td>.3</td><td>-</td><td>.2</td></tr></table>
Source: Daily Treasury Statements. * Less than $50,000. 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
Treasury Bulletin
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>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></th><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</th><th>Investments</th><th>Unexpended balance</th></tr><tr><th></th><th></th><th></th><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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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>267.2</td><td>267.1</td><td>.1</td><td>.1</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>777.2</td><td>662.3</td><td>113.0</td><td>1.9</td></tr><tr><td>1939</td><td>1,192.6</td><td>1,155.0</td><td>44.6</td><td>19.3</td><td>19.3</td><td>-</td><td>1,180.3</td><td>1,177.2</td><td>.1</td><td>3.0</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>1,744.7</td><td>1,738.1</td><td>.5</td><td>6.1</td></tr><tr><td>1941</td><td>2,536.2</td><td>2,393.1</td><td>143.1</td><td>138.6</td><td>99.5</td><td>39.1</td><td>2,397.6</td><td>2,380.6</td><td>6.2</td><td>10.8</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>3,227.2</td><td>3,201.6</td><td>5.2</td><td>20.4</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>4,268.3</td><td>4,236.8</td><td>7.0</td><td>24.5</td></tr><tr><td>1944-March</td><td>5,666.6</td><td>5,361.8</td><td>304.8</td><td>608.6</td><td>492.9</td><td>115.7</td><td>5,058.0</td><td>5,011.9</td><td>17.7</td><td>28.5</td></tr><tr><td>April</td><td>5,701.7</td><td>5,396.9</td><td>304.8</td><td>628.5</td><td>509.4</td><td>119.1</td><td>5,073.2</td><td>5,011.9</td><td>37.4</td><td>24.0</td></tr><tr><td>May</td><td>6,011.1</td><td>5,706.3</td><td>304.8</td><td>649.0</td><td>526.5</td><td>122.6</td><td>5,362.1</td><td>5,011.9</td><td>327.3</td><td>22.8</td></tr></table>
Source:
Daily Treasury Statements.
1/
Loss than $50,000.
1
Includes transactione 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>End of fiscal year or month</th><th colspan="3">Receipts</th><th>Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th>Total receipts</th><th>Appropriations by Congress</th><th>Interest on investments</th><th>Benefit payments</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><th></th><th colspan="6"></th><th>In General Fund</th><th>In disbursement 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>419.9</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>1944-Maroh</td><td>1,135.4</td><td>1,116.9</td><td>18.5</td><td>777.1</td><td>358.2</td><td>311.0</td><td>34.7</td><td>12.5</td></tr><tr><td>April</td><td>1,135.7</td><td>1,116.9</td><td>18.8</td><td>788.4</td><td>347.3</td><td>333.5</td><td>.g</td><td>13.4</td></tr><tr><td>May</td><td>1,136.0</td><td>1,116.9</td><td>19.1</td><td>799.9</td><td>336.1</td><td>322.5</td><td>.3</td><td>13.3</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">Expendituree</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 4/</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</th><th>Investments</th><th>Unexpended balance</th><th>In General Fund (Special Deposit Account)</th><th>In disbursing 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><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><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>884.2</td><td>872.0</td><td>12.2</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>1,914.3</td><td>1,859.5</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><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><td>-</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><td>-</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>198.9</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><td>-</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>281.1</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><td>-</td></tr><tr><td>1944-March</td><td>7,755.5</td><td>6,943.0</td><td>351.4</td><td>105.9</td><td>326.2</td><td>2,284.2</td><td>2,134.6</td><td>105.9</td><td>43.7</td><td>5,471.3</td><td>5,466.0</td><td>4.9</td><td>.4</td><td>-</td></tr><tr><td>April</td><td>7,799.3</td><td>6,986.7</td><td>351.5</td><td>105.9</td><td>326.2</td><td>2,290.8</td><td>2,141.2</td><td>105.9</td><td>43.8</td><td>5,508.5</td><td>5,494.0</td><td>14.1</td><td>.3</td><td>-</td></tr><tr><td>May</td><td>8,071.4</td><td>7,263.9</td><td>352.3</td><td>105.9</td><td>326.2</td><td>2,296.6</td><td>2,146.9</td><td>105.9</td><td>43.8</td><td>5,780.8</td><td>5,774.0</td><td>6.5</td><td>.3</td><td>-</td></tr></table>
Source:
Daily Treasury Statements.
Lease $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 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 Unemploy-
ment 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. Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, 1940). For railroad unemployment benefits and refunds.
June 1944
17
Cash Income and Outgo of the Treasury, by Major Classification
(In millions of dollars)
<table><tr><th></th><th colspan="8">1943</th><th colspan="6">1944</th></tr><tr><th></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>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</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>Budgetary:</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>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><td></td></tr><tr><td>Income and profit taxes</td><td>940</td><td>3,803</td><td>1,255</td><td>1,564</td><td>4,765</td><td>1,303</td><td>1,459</td><td>5,040</td><td>1,727</td><td>1,747</td><td>5,911</td><td>2,475</td><td>2,167</td></tr><tr><td>Employment taxes</td><td>282</td><td>55</td><td>48</td><td>310</td><td>50</td><td>46</td><td>292</td><td>58</td><td>49</td><td>373</td><td>67</td><td>39</td><td>337</td></tr><tr><td>Miscellaneous internal revenue</td><td>359</td><td>353</td><td>512</td><td>729</td><td>344</td><td>464</td><td>363</td><td>386</td><td>412</td><td>344</td><td>375</td><td>421</td><td>520</td></tr><tr><td>Customs</td><td>37</td><td>34</td><td>33</td><td>39</td><td>31</td><td>38</td><td>34</td><td>34</td><td>40</td><td>35</td><td>42</td><td>39</td><td>38</td></tr><tr><td>Other</td><td>123</td><td>323</td><td>176</td><td>363</td><td>257</td><td>218</td><td>221</td><td>214</td><td>521</td><td>254</td><td>181</td><td>144</td><td>194</td></tr><tr><td>Subtotal</td><td>1,740</td><td>4,567</td><td>2,023</td><td>3,004</td><td>5,447</td><td>2,069</td><td>2,370</td><td>5,732</td><td>2,749</td><td>2,753</td><td>6,575</td><td>3,118</td><td>3,256</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><td></td></tr><tr><td>Unemployment trust fund (deposits by States and Railroad Retirement Board)</td><td>277</td><td>36</td><td>44</td><td>301</td><td>31</td><td>37</td><td>291</td><td>39</td><td>36</td><td>264</td><td>43</td><td>44</td><td>278</td></tr><tr><td>Trust accounts 2/</td><td>80</td><td>83</td><td>131</td><td>97</td><td>110</td><td>136</td><td>73</td><td>111</td><td>160</td><td>116</td><td>83</td><td>195</td><td>152</td></tr><tr><td>Subtotal</td><td>357</td><td>119</td><td>175</td><td>398</td><td>142</td><td>173</td><td>364</td><td>149</td><td>196</td><td>380</td><td>126</td><td>239</td><td>430</td></tr><tr><td>Total cash income</td><td>2,098</td><td>4,687</td><td>2,198</td><td>3,402</td><td>5,589</td><td>2,242</td><td>2,734</td><td>5,881</td><td>2,945</td><td>3,133</td><td>6,702</td><td>3,358</td><td>3,686</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>Budgetary:</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>War activities</td><td>7,092</td><td>7,469</td><td>6,432</td><td>7,232</td><td>6,952</td><td>6,989</td><td>7,541</td><td>6,718</td><td>7,138</td><td>7,518</td><td>7,726</td><td>7,346</td><td>7,879</td></tr><tr><td>Veterans' Administration</td><td>48</td><td>48</td><td>44</td><td>49</td><td>52</td><td>49</td><td>50</td><td>51</td><td>52</td><td>52</td><td>55</td><td>55</td><td>59</td></tr><tr><td>Public Works 3/</td><td>22</td><td>41</td><td>33</td><td>61</td><td>43</td><td>43</td><td>26</td><td>43</td><td>37</td><td>30</td><td>41</td><td>32</td><td>25</td></tr><tr><td>Aid to agriculture 4/</td><td>99</td><td>68</td><td>71</td><td>65</td><td>69</td><td>81</td><td>59</td><td>47</td><td>81</td><td>88</td><td>96</td><td>94</td><td>102</td></tr><tr><td>Social Security program 5/</td><td>37</td><td>15</td><td>59</td><td>53</td><td>33</td><td>57</td><td>41</td><td>25</td><td>59</td><td>34</td><td>36</td><td>54</td><td>44</td></tr><tr><td>Work Projects Administration</td><td>8</td><td>3</td><td>4</td><td>1</td><td>1</td><td>2</td><td>1</td><td>1</td><td>6</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Civilian Conservation Corp.</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>Interest on the public debt 6/</td><td>31</td><td>394</td><td>45</td><td>32</td><td>293</td><td>117</td><td>35</td><td>429</td><td>59</td><td>39</td><td>428</td><td>95</td><td>33</td></tr><tr><td>Other</td><td>84</td><td>71</td><td>57</td><td>96</td><td>71</td><td>68</td><td>70</td><td>71</td><td>72</td><td>76</td><td>77</td><td>96</td><td>70</td></tr><tr><td>Subtotal</td><td>7,423</td><td>8,110</td><td>6,746</td><td>7,588</td><td>7,515</td><td>7,407</td><td>7,824</td><td>7,182</td><td>7,505</td><td>7,839</td><td>8,458</td><td>7,773</td><td>8,213</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><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><td></td></tr><tr><td>War activities</td><td>272</td><td>306</td><td>311</td><td>305</td><td>237</td><td>225</td><td>274</td><td>223</td><td>204</td><td>217</td><td>208</td><td>138</td><td>211</td></tr><tr><td>Other</td><td>-14</td><td>-137</td><td>-52</td><td>-39</td><td>-11</td><td>-30</td><td>-18</td><td>-25</td><td>-15</td><td>-17</td><td>-25</td><td>-31</td><td>-20</td></tr><tr><td>Commodity Credit Corporation</td><td>-180</td><td>-177</td><td>165</td><td>21</td><td>-32</td><td>37</td><td>-88</td><td>150</td><td>46</td><td>10</td><td>-45</td><td>-14</td><td>-11</td></tr><tr><td>Unemployment Trust Fund</td><td>6</td><td>6</td><td>4</td><td>5</td><td>4</td><td>3</td><td>4</td><td>4</td><td>5</td><td>6</td><td>7</td><td>7</td><td>6</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>15</td><td>15</td><td>15</td><td>15</td><td>16</td><td>17</td><td>16</td><td>17</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>-83</td><td>-122</td><td>-154</td><td>-141r</td><td>-12</td><td>-15</td><td>-227</td><td>92</td><td>-185</td><td>-50r</td><td>-56r</td><td>-191r</td><td>-156</td></tr><tr><td>Subtotal</td><td>26</td><td>-99</td><td>298</td><td>178r</td><td>212</td><td>247</td><td>-29</td><td>469</td><td>62</td><td>193r</td><td>116r</td><td>-63r</td><td>-142</td></tr><tr><td>Redemption of adjusted service bonds</td><td></td><td>1</td><td>1</td><td>1</td><td>1</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total cash outgo</td><td>7,449</td><td>8,012</td><td>7,045</td><td>7,765r</td><td>7,727</td><td>7,654</td><td>7,795</td><td>7,852</td><td>7,567</td><td>8,032r</td><td>8,574r</td><td>7,710r</td><td>8,071</td></tr><tr><td>EXCESS OF CASH OUTGO</td><td>5,352</td><td>3,325</td><td>4,847</td><td>4,364r</td><td>2,138</td><td>5,412</td><td>5,061</td><td>1,971</td><td>4,622</td><td>4,899r</td><td>1,873r</td><td>4,352r</td><td>4,384</td></tr></table>
Revised. 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. 
4/ Comprises Agricultural Conservation and Adjustment Administration (classified in the Daily Treasury Statement as "Other War Food Administration expenditures" commencing October 1941), Agricultural Marketing Administration (except transfers to trust accounts, etc.), 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/ Excludes transactions under transfers to trust accounts, etc. 
5/ Excludes accrued interest on United States savings bonds.
Total Cash Income and Outgo, by Months
(In millions of dollars)
<table><tr><th>Calendar year</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>Sep.</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>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>7,369</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>10,859</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>5,589</td><td>2,242</td><td>2,734</td><td>5,881</td><td>38,246</td></tr><tr><td>1944</td><td>2,945</td><td>3,133</td><td>6,702</td><td>3,358</td><td>3,686</td><td></td><td></td><td></td><td></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>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>886</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>3,508</td><td>3,973</td><td>4,170</td><td>4,738</td><td>5,067</td><td>5,538</td><td>5,989</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>7,160</td><td>7,449</td><td>8,012</td><td>7,045</td><td>7,765</td><td>7,727</td><td>7,654</td><td>7,795</td><td>7,852</td><td>89,354</td></tr><tr><td>1944</td><td>7,567</td><td>8,032</td><td>8,574</td><td>7,110</td><td>8,071</td><td></td><td></td><td></td><td></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>1939</td><td>364</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>-35</td><td>935</td><td>685</td><td>219</td><td>940</td><td>982</td><td>841</td><td>1,328</td><td>1,017</td><td>1,490</td><td>9,586</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>4,364</td><td>2,138</td><td>5,412</td><td>5,061</td><td>1,971</td><td>51,108</td></tr><tr><td>1944</td><td>4,622</td><td>4,899</td><td>1,873</td><td>4,352</td><td>4,384</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
r Revieed.
18
Treasury Bulletin
GENERAL FUND OF THE TREASURY
June 1944
19
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, coo, and currency</th><th>Deposits in Federal Reserve Banks</th><th>Special deposits account of sales of Government securities (War Loan accounts)</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>855</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>1943-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>451</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><tr><td>September</td><td>18,734</td><td>883</td><td>1,538</td><td>15,676</td><td>636</td></tr><tr><td>October</td><td>19,838</td><td>900</td><td>1,095</td><td>17,280</td><td>563</td></tr><tr><td>November</td><td>15,492</td><td>908</td><td>1,245</td><td>12,770</td><td>569</td></tr><tr><td>December</td><td>12,878</td><td>926</td><td>1,408</td><td>9,942</td><td>601</td></tr><tr><td>1944-January</td><td>12,873</td><td>937</td><td>1,098</td><td>10,314</td><td>523</td></tr><tr><td>February</td><td>19,726</td><td>946</td><td>1,172</td><td>17,095</td><td>513</td></tr><tr><td>March</td><td>17,270</td><td>933</td><td>1,540</td><td>14,306</td><td>491</td></tr><tr><td>April</td><td>12,896</td><td>890</td><td>954</td><td>10,546</td><td>506</td></tr><tr><td>May</td><td>9,144</td><td>912</td><td>942</td><td>6,766</td><td>524</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>2,069</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>1943-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><tr><td>September</td><td>18,734</td><td>576</td><td>18,158</td><td>17,395</td><td>619</td><td>144</td></tr><tr><td>October</td><td>19,838</td><td>541</td><td>19,297</td><td>18,534</td><td>619</td><td>144</td></tr><tr><td>November</td><td>15,492</td><td>534</td><td>14,958</td><td>14,196</td><td>619</td><td>144</td></tr><tr><td>December</td><td>12,878</td><td>584</td><td>12,294</td><td>11,532</td><td>619</td><td>144</td></tr><tr><td>1944-January</td><td>12,873</td><td>634</td><td>12,239</td><td>11,476</td><td>619</td><td>144</td></tr><tr><td>February</td><td>19,726</td><td>571</td><td>19,155</td><td>18,392</td><td>619</td><td>144</td></tr><tr><td>March</td><td>17,270</td><td>664</td><td>16,606</td><td>15,844</td><td>619</td><td>144</td></tr><tr><td>April</td><td>12,896</td><td>617</td><td>12,279</td><td>11,517</td><td>619</td><td>144</td></tr><tr><td>May</td><td>9,144</td><td>622</td><td>8,522</td><td>7,759</td><td>619</td><td>144</td></tr></table>
Source: Daily Treasury Statements. 1/ 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.
20
Treasury Bulletin
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</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 1/</th><th>Miscellaneous funds and accounts 4/</th><th>Checking accounts of Government agencies, etc.</th><th></th><th>5/</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 7/</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 5/</td><td>-4,550</td><td>5,475 7/</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 7/</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 7/</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 7/</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>1943-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><tr><td>September</td><td>11,794</td><td>11,794</td><td>-2,087</td><td>14,291</td><td>-265</td><td>2</td><td>-146</td><td>-</td><td>-</td></tr><tr><td>October</td><td>1,139</td><td>1,139</td><td>-5,426</td><td>6,697</td><td>52</td><td>14</td><td>-199</td><td>-</td><td>-</td></tr><tr><td>November</td><td>4,338</td><td>4,338</td><td>-5,740</td><td>1,112</td><td>210</td><td>16</td><td>64</td><td>-</td><td>-</td></tr><tr><td>December</td><td>-2,664</td><td>-2,664</td><td>-1,716</td><td>-281</td><td>-262</td><td>22</td><td>-427</td><td>-</td><td>-</td></tr><tr><td>1944-January</td><td>-55</td><td>-55</td><td>-4,823</td><td>4,781</td><td>50</td><td>101</td><td>-165</td><td>-</td><td>-</td></tr><tr><td>February</td><td>6,916</td><td>6,916</td><td>-5,359</td><td>12,448</td><td>150</td><td>8</td><td>-331</td><td>-</td><td>-</td></tr><tr><td>March</td><td>-2,549</td><td>-2,549</td><td>-1,952</td><td>1,608</td><td>-201</td><td>-2</td><td>-2,002</td><td>-</td><td>-</td></tr><tr><td>April</td><td>4,327</td><td>4,327</td><td>-4,772</td><td>252</td><td>120</td><td>160</td><td>-87</td><td>-</td><td>-</td></tr><tr><td>May</td><td>-3,757</td><td>-3,757</td><td>-5,342</td><td>1,399</td><td>282</td><td>51</td><td>-148</td><td>-</td><td>-</td></tr></table>
Source: Daily Treasury Statements. 
1/ This is the net budgetary 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/ Comprise 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.
5/ 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 - $625 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 reason stated above.
June 1944
21
PUBLIC DEBT AND GUARANTEED OBLIGATIONS OF THE UNITED STATES GOVERNMENT
22
Treasury Bulletin
Summary of the Public Debt and Guaranteed Obligations of the United States Government
(in millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th colspan="4">Public debt</th><th colspan="4">Guaranteed debt 2/</th></tr><tr><th></th><th></th><th>Total</th><th>Marketable issues</th><th>Non-marketable issues</th><th>Special issues</th><th>Matured debt and debt bearing no interest</th><th>Total</th><th>Marketable issues 3/</th><th>Non-marketable issues 3/</th><th>Matured debt</th></tr><tr><td>1934</td><td>27,734</td><td>27,053</td><td>26,084</td><td>-</td><td>396</td><td>573</td><td>681</td><td>681</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>32,824</td><td>28,701</td><td>26,950</td><td>62</td><td>633</td><td>1,056</td><td>4,123</td><td>4,123</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>38,497</td><td>33,779</td><td>31,102</td><td>1,261</td><td>626</td><td>790</td><td>4,718</td><td>4,718</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>41,089</td><td>36,425</td><td>33,054</td><td>1,188</td><td>1,558</td><td>625</td><td>4,665</td><td>4,665</td><td>-</td><td>-</td></tr><tr><td>1938</td><td>42,018</td><td>37,165</td><td>32,344</td><td>1,556</td><td>2,676</td><td>589</td><td>4,853</td><td>4,853</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>45,890</td><td>40,440</td><td>33,965</td><td>2,151</td><td>3,770</td><td>554</td><td>5,451</td><td>5,450</td><td>-</td><td>1</td></tr><tr><td>1940</td><td>48,496</td><td>42,968</td><td>34,436</td><td>3,166</td><td>4,775</td><td>591</td><td>5,529</td><td>5,498</td><td>-</td><td>31</td></tr><tr><td>1941</td><td>55,332</td><td>48,961</td><td>37,713</td><td>4,555</td><td>6,120</td><td>574</td><td>6,370</td><td>6,360</td><td>-</td><td>11</td></tr><tr><td>1942</td><td>76,991</td><td>72,822</td><td>50,573</td><td>13,530</td><td>7,885</td><td>454</td><td>4,568</td><td>4,549</td><td>-</td><td>20</td></tr><tr><td>1943</td><td>140,796</td><td>136,696</td><td>95,310</td><td>29,200</td><td>10,871</td><td>1,316</td><td>4,100</td><td>3,908</td><td>183</td><td>8</td></tr><tr><td>1943-May</td><td>140,003</td><td>135,913</td><td>95,382</td><td>29,095</td><td>10,198</td><td>1,238</td><td>4,091</td><td>3,908</td><td>174</td><td>9</td></tr><tr><td>June</td><td>140,796</td><td>136,696</td><td>95,310</td><td>29,200</td><td>10,871</td><td>1,316</td><td>4,100</td><td>3,908</td><td>183</td><td>8</td></tr><tr><td>July</td><td>145,316</td><td>141,524</td><td>98,613</td><td>30,169</td><td>11,456</td><td>1,286</td><td>3,791</td><td>3,582</td><td>200</td><td>9</td></tr><tr><td>August</td><td>148,000</td><td>144,059</td><td>99,935</td><td>30,879</td><td>11,907</td><td>1,338</td><td>3,981</td><td>3,582</td><td>352</td><td>7</td></tr><tr><td>September</td><td>162,321</td><td>158,349</td><td>111,426</td><td>33,910</td><td>11,717</td><td>1,296</td><td>3,971</td><td>3,583</td><td>382</td><td>7</td></tr><tr><td>October</td><td>169,166</td><td>165,047</td><td>115,944</td><td>35,776</td><td>11,868</td><td>1,498</td><td>4,119</td><td>3,583</td><td>530</td><td>6</td></tr><tr><td>November</td><td>170,318</td><td>166,158</td><td>115,909</td><td>36,595</td><td>12,278</td><td>1,377</td><td>4,160</td><td>3,583</td><td>571</td><td>6</td></tr><tr><td>December</td><td>170,108</td><td>165,877</td><td>115,230</td><td>36,574</td><td>12,703</td><td>1,370</td><td>4,230</td><td>3,583</td><td>642</td><td>6</td></tr><tr><td>1944-January</td><td>174,933</td><td>170,659</td><td>115,259</td><td>38,911</td><td>12,873</td><td>3,616 4/</td><td>4,275</td><td>3,583</td><td>686</td><td>6</td></tr><tr><td>February</td><td>187,339</td><td>183,107</td><td>126,171</td><td>42,370</td><td>13,168</td><td>1,398</td><td>4,233</td><td>3,469</td><td>758</td><td>6</td></tr><tr><td>March</td><td>186,993</td><td>184,715</td><td>128,080</td><td>41,762</td><td>13,507</td><td>1,367</td><td>2,278</td><td>1,544</td><td>714</td><td>20</td></tr><tr><td>April</td><td>187,241</td><td>184,967</td><td>127,440</td><td>42,275</td><td>13,697</td><td>1,554</td><td>2,274</td><td>1,503</td><td>754</td><td>16</td></tr><tr><td>May</td><td>188,035</td><td>186,366</td><td>128,029</td><td>42,724</td><td>14,122</td><td>1,492</td><td>1,669</td><td>1,190</td><td>339</td><td>140</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ For detailed statement of the public debt and guaranteed obligations, see following page.
2/ Guaranteed securities held by the Treasury, and securities guaranteed as to interest only, are not included in this table.
1/ The Reconstruction Finance Corporation notes, Series I-A, I-B, and I-C, which are held entirely by United States Government agencies, have been classified as non-marketable issues.
2/ Includes prepayments to the amount of $2,193 millions on securities dated February 1, 1944 and offered as part of the Fourth War Loan.
Analysis of Issuance and Retirement of Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Public debt outstanding end of fiscal year or month</th><th rowspan="2">Net change in public debt during fiscal year or month</th><th colspan="6">Public debt receipts (Issuance of public debt)</th><th colspan="6">Public debt expenditures (Retirement of public debt)</th></tr><tr><th>Total</th><th>Cash 1/</th><th>Certificates of indebtedness, special series 2/</th><th>Adjusted service bonds</th><th>Excess profit tax refund bonds</th><th>Exchanges</th><th>Special issues</th><th>Total</th><th>Cash 1/</th><th>Certificates of indebtedness, special series 2/</th><th>Exchanges</th><th>Special issues</th></tr><tr><td>1934</td><td>27,053</td><td>4,515</td><td>13,583</td><td>9,161</td><td>-</td><td>-</td><td>-</td><td>4,159</td><td>264</td><td>9,069</td><td>4,720</td><td>-</td><td>4,159</td><td>191</td></tr><tr><td>1935</td><td>28,701</td><td>1,648</td><td>13,126</td><td>5,716</td><td>-</td><td>1,669</td><td>-</td><td>6,964</td><td>446</td><td>11,478</td><td>4,305</td><td>-</td><td>6,964</td><td>209</td></tr><tr><td>1936</td><td>33,779</td><td>5,078</td><td>14,121</td><td>8,958</td><td>-</td><td>141</td><td>-</td><td>2,978</td><td>516</td><td>9,043</td><td>5,542</td><td>-</td><td>2,978</td><td>523</td></tr><tr><td>1937</td><td>36,425</td><td>2,646</td><td>9,589</td><td>6,199</td><td>-</td><td>13</td><td>-</td><td>1,751</td><td>1,499</td><td>6,943</td><td>4,625</td><td>-</td><td>1,751</td><td>567</td></tr><tr><td>1938</td><td>37,165</td><td>740</td><td>9,621</td><td>4,776</td><td>-</td><td>-</td><td>-</td><td>2,674</td><td>2,159</td><td>8,881</td><td>5,166</td><td>-</td><td>2,674</td><td>1,041</td></tr><tr><td>1939</td><td>40,440</td><td>3,275</td><td>13,084</td><td>7,475</td><td>-</td><td>7</td><td>-</td><td>3,035</td><td>2,567</td><td>9,809</td><td>5,301</td><td>-</td><td>3,035</td><td>1,473</td></tr><tr><td>1940</td><td>42,968</td><td>2,528</td><td>13,166</td><td>7,194</td><td>-</td><td>8</td><td>-</td><td>2,812</td><td>3,151</td><td>10,638</td><td>5,680</td><td>-</td><td>2,812</td><td>2,146</td></tr><tr><td>1941</td><td>48,961</td><td>5,994</td><td>17,847</td><td>10,462</td><td>-</td><td>2</td><td>-</td><td>3,142</td><td>4,241</td><td>11,853</td><td>5,816</td><td>-</td><td>3,142</td><td>2,896</td></tr><tr><td>1942</td><td>72,422</td><td>23,461</td><td>37,164</td><td>30,388</td><td>303</td><td>1</td><td>-</td><td>596</td><td>5,876</td><td>13,703</td><td>8,693</td><td>303</td><td>596</td><td>4,111</td></tr><tr><td>1943</td><td>136,696</td><td>64,274</td><td>122,632</td><td>94,961</td><td>17,911</td><td>1</td><td>-</td><td>1,442</td><td>8,318</td><td>58,358</td><td>33,674</td><td>17,911</td><td>1,442</td><td>5,332</td></tr><tr><td>1944-May</td><td>135,913</td><td>6,064</td><td>10,643</td><td>8,855</td><td>-</td><td>-</td><td>-</td><td>1,374</td><td>415</td><td>4,580</td><td>3,195</td><td>-</td><td>1,374</td><td>12</td></tr><tr><td>June</td><td>136,696</td><td>784</td><td>12,480</td><td>6,261</td><td>805</td><td>-</td><td>-</td><td>-</td><td>5,395</td><td>11,697</td><td>6,170</td><td>805</td><td>-</td><td>4,722</td></tr><tr><td>July</td><td>141,524</td><td>4,828</td><td>8,702</td><td>8,098</td><td>-</td><td>-</td><td>-</td><td>-</td><td>604</td><td>3,874</td><td>3,855</td><td>-</td><td>-</td><td>19</td></tr><tr><td>August</td><td>144,059</td><td>2,534</td><td>8,104</td><td>6,086</td><td>-</td><td>-</td><td>-</td><td>1,556</td><td>462</td><td>5,570</td><td>4,003</td><td>-</td><td>1,556</td><td>11</td></tr><tr><td>September</td><td>158,349</td><td>14,291</td><td>21,748</td><td>20,931</td><td>491</td><td>-</td><td>-</td><td>-</td><td>326</td><td>7,458</td><td>6,451</td><td>491</td><td>-</td><td>516</td></tr><tr><td>October</td><td>165,047</td><td>6,697</td><td>14,281</td><td>11,056</td><td>-</td><td>-</td><td>-</td><td>3,062</td><td>162</td><td>7,584</td><td>4,511</td><td>-</td><td>3,062</td><td>11</td></tr><tr><td>November</td><td>166,158</td><td>1,112</td><td>5,682</td><td>5,228</td><td>-</td><td>-</td><td>-</td><td>34</td><td>421</td><td>4,570</td><td>4,525</td><td>-</td><td>34</td><td>11</td></tr><tr><td>December</td><td>165,877</td><td>-281</td><td>10,378</td><td>6,398</td><td>-</td><td>-</td><td>-</td><td>3,544</td><td>437</td><td>10,660</td><td>7,105</td><td>-</td><td>3,544</td><td>11</td></tr><tr><td>1944-January</td><td>170,659</td><td>4,781</td><td>9,449</td><td>9,239</td><td>-</td><td>-</td><td>-</td><td>-</td><td>209</td><td>4,668</td><td>4,628</td><td>-</td><td>-</td><td>40</td></tr><tr><td>February</td><td>183,107</td><td>12,448</td><td>19,226</td><td>16,691</td><td>-</td><td>-</td><td>1</td><td>2,127</td><td>407</td><td>6,778</td><td>4,540</td><td>-</td><td>2,127</td><td>112</td></tr><tr><td>March</td><td>184,715</td><td>1,608</td><td>10,355</td><td>8,019</td><td>-</td><td>-</td><td>38</td><td>1,946</td><td>350</td><td>8,746</td><td>6,789</td><td>-</td><td>1,946</td><td>11</td></tr><tr><td>April</td><td>184,967</td><td>252</td><td>10,322</td><td>5,192</td><td>-</td><td>-</td><td>24</td><td>4,903</td><td>203</td><td>10,070</td><td>5,155</td><td>-</td><td>4,903</td><td>12</td></tr><tr><td>May</td><td>186,366</td><td>1,399</td><td>7,700</td><td>5,613</td><td>-</td><td>-</td><td>34</td><td>1,618</td><td>436</td><td>6,301</td><td>4,672</td><td>-</td><td>1,618</td><td>11</td></tr></table>
Source: Daily Treasury Statements. * Less than $500,000. 1/ Excludes certificates of indebtedness, special series.
2/ Concise of special series of certificates of indebtedness issued directly and solely to Federal Reserve Banks.
June 1944
23
Detailed Statement of the Public Debt and Guaranteed Obligations of the United States Government
(in millions of dollars)
<table><tr><th></th><th colspan="3">End of fiscal year</th><th colspan="10">End of month</th></tr><tr><th></th><th>1941</th><th>1942</th><th>1943</th><th>Mar.</th><th>June</th><th>Sept.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th></tr><tr><td colspan="13">Public debt and guaranteed obligations 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></tr><tr><td>Public debt</td><td>48,387</td><td>71,968</td><td>135,380</td><td>114,287</td><td>135,380</td><td>157,053</td><td>164,908</td><td>167,043</td><td>181,709</td><td>183,348</td><td>183,413</td><td>184,874</td></tr><tr><td>Guaranteed obligations</td><td>6,360</td><td>4,549</td><td>4,092</td><td>4,350</td><td>4,092</td><td>3,964</td><td>4,225</td><td>4,269</td><td>4,227</td><td>2,258</td><td>2,258</td><td>1,529</td></tr><tr><td>Total</td><td>54,747</td><td>76,517</td><td>139,472</td><td>118,637</td><td>139,472</td><td>161,018</td><td>168,732</td><td>171,313</td><td>185,936</td><td>185,606</td><td>185,670</td><td>186,403</td></tr><tr><td>Matured debt and debt bearing no interest</td><td>585</td><td>474</td><td>1,324</td><td>1,230</td><td>1,324</td><td>1,303</td><td>1,376</td><td>3,621</td><td>1,404</td><td>1,387</td><td>1,570</td><td>1,632</td></tr><tr><td>Total outstanding</td><td>55,332</td><td>76,991</td><td>140,796</td><td>119,867</td><td>140,796</td><td>162,321</td><td>170,108</td><td>174,933</td><td>187,339</td><td>186,993</td><td>187,241</td><td>188,035</td></tr><tr><td colspan="13">Public debt</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></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></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></tr><tr><td>Treasury bills</td><td>1,603</td><td>2,508</td><td>11,864</td><td>9,234</td><td>11,864</td><td>13,054</td><td>13,072</td><td>13,101</td><td>13,112</td><td>13,147</td><td>13,150</td><td>13,766</td></tr><tr><td>Certificates of indebtedness</td><td>-</td><td>3,096</td><td>16,561</td><td>11,161</td><td>16,561</td><td>21,136</td><td>22,843</td><td>22,843</td><td>25,680</td><td>25,680</td><td>25,306</td><td>25,266</td></tr><tr><td>Treasury notes</td><td>5,698</td><td>6,689</td><td>9,168</td><td>9,797</td><td>9,168</td><td>11,596</td><td>11,175</td><td>11,175</td><td>13,302</td><td>16,244</td><td>16,263</td><td>16,265</td></tr><tr><td>Treasury bonds</td><td>30,215</td><td>38,085</td><td>57,520</td><td>49,273</td><td>57,520</td><td>65,444</td><td>67,944</td><td>67,944</td><td>73,882</td><td>72,813</td><td>72,526</td><td>72,577</td></tr><tr><td>Other bonds</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><td>196</td><td>196</td><td>196</td><td>196</td></tr><tr><td>Total marketable issues</td><td>37,713</td><td>50,573</td><td>95,310</td><td>79,662</td><td>95,310</td><td>111,426</td><td>115,230</td><td>115,259</td><td>126,171</td><td>128,080</td><td>127,440</td><td>128,029</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></tr><tr><td>U. S. savings bonds</td><td>4,314</td><td>10,188</td><td>21,256</td><td>17,891</td><td>21,256</td><td>24,478</td><td>27,363</td><td>28,901</td><td>31,515</td><td>31,974</td><td>32,497</td><td>32,987</td></tr><tr><td>Treasury notes - tax and savings series</td><td>-</td><td>3,015</td><td>7,495</td><td>6,346</td><td>7,495</td><td>8,851</td><td>8,586</td><td>9,384</td><td>10,220</td><td>9,116</td><td>9,092</td><td>9,050</td></tr><tr><td>Adjusted service bonds</td><td>241</td><td>229</td><td>222</td><td>223</td><td>222</td><td>220</td><td>219</td><td>219</td><td>218</td><td>218</td><td>218</td><td>218</td></tr><tr><td>Depository bonds</td><td>-</td><td>79</td><td>226</td><td>162</td><td>226</td><td>361</td><td>406</td><td>407</td><td>416</td><td>454</td><td>468</td><td>469</td></tr><tr><td>Total non-marketable issues</td><td>4,555</td><td>13,510</td><td>29,200</td><td>24,622</td><td>29,200</td><td>33,910</td><td>36,574</td><td>38,911</td><td>42,370</td><td>41,762</td><td>42,275</td><td>42,724</td></tr><tr><td>Total public issues</td><td>42,267</td><td>64,083</td><td>124,509</td><td>104,284</td><td>124,509</td><td>145,336</td><td>151,805</td><td>154,170</td><td>168,541</td><td>169,842</td><td>169,715</td><td>170,753</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></tr><tr><td>Adjusted Service Certificate Fund</td><td>19</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</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>90</td><td>95</td><td>103</td><td>178</td><td>103</td><td>77</td><td>77</td><td>77</td><td>93</td><td>93</td><td>98</td><td>98</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>2,381</td><td>3,133</td><td>4,044</td><td>3,700</td><td>4,044</td><td>4,256</td><td>4,536</td><td>4,525</td><td>4,525</td><td>4,669</td><td>4,669</td><td>4,669</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>5</td><td>5</td><td>106</td><td>7</td><td>106</td><td>8</td><td>10</td><td>16</td><td>11</td><td>24</td><td>25</td><td>25</td></tr><tr><td>Government Life Insurance Fund</td><td>531</td><td>537</td><td>538</td><td>539</td><td>538</td><td>500</td><td>508</td><td>510</td><td>507</td><td>528</td><td>539</td><td>551</td></tr><tr><td>Government Retirement Fund</td><td>656</td><td>796</td><td>1,076</td><td>991</td><td>1,076</td><td>1,302</td><td>1,341</td><td>1,356</td><td>1,369</td><td>1,382</td><td>1,393</td><td>1,405</td></tr><tr><td>National Service Life Insurance Fund</td><td>3</td><td>39</td><td>352</td><td>233</td><td>352</td><td>514</td><td>731</td><td>793</td><td>838</td><td>922</td><td>982</td><td>1,071</td></tr><tr><td>Postal Savings System</td><td>88</td><td>55</td><td>197</td><td>257</td><td>197</td><td>100</td><td>185</td><td>185</td><td>165</td><td>200</td><td>253</td><td>295</td></tr><tr><td>Canal Zone, Postal Savings System</td><td>-</td><td>1</td><td>2</td><td>3</td><td>2</td><td>3</td><td>3</td><td>3</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Railroad Retirement Account</td><td>74</td><td>92</td><td>178</td><td>176</td><td>178</td><td>310</td><td>310</td><td>333</td><td>322</td><td>311</td><td>334</td><td>323</td></tr><tr><td>Unemployment Trust Fund</td><td>2,273</td><td>3,114</td><td>4,257</td><td>3,902</td><td>4,257</td><td>4,630</td><td>4,985</td><td>5,056</td><td>5,317</td><td>5,356</td><td>5,384</td><td>5,664</td></tr><tr><td>Total special issues</td><td>6,120</td><td>7,885</td><td>10,871</td><td>10,004</td><td>10,871</td><td>11,717</td><td>12,703</td><td>12,873</td><td>13,168</td><td>13,507</td><td>13,697</td><td>14,122</td></tr><tr><td>Total interest-bearing debt</td><td>48,387</td><td>71,968</td><td>135,380</td><td>114,287</td><td>135,380</td><td>157,053</td><td>164,508</td><td>167,043</td><td>181,709</td><td>183,348</td><td>183,413</td><td>184,874</td></tr><tr><td>Prepayments on Fourth War Loan securities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2,193</td><td></td><td></td><td></td><td></td></tr><tr><td>Matured debt on which interest has ceased</td><td>205</td><td>98</td><td>141</td><td>89</td><td>141</td><td>124</td><td>202</td><td>258</td><td>241</td><td>182</td><td>352</td><td>260</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></tr><tr><td>United States savings stamps</td><td>-</td><td>-</td><td>213</td><td>226</td><td>213</td><td>201</td><td>203</td><td>205</td><td>201</td><td>196</td><td>196</td><td>198</td></tr><tr><td>Excise profit tax refund bonds</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>40</td><td>64</td><td>97</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></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>173</td><td>159</td><td>766</td><td>708</td><td>766</td><td>774</td><td>768</td><td>762</td><td>758</td><td>752</td><td>746</td><td>740</td></tr><tr><td>Other debt bearing no interest</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</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>369</td><td>356</td><td>1,175</td><td>1,130</td><td>1,175</td><td>1,172</td><td>1,168</td><td>1,164</td><td>1,157</td><td>1,185</td><td>1,202</td><td>1,232</td></tr><tr><td>Total public debt outstanding</td><td>48,961</td><td>72,422</td><td>136,696</td><td>115,507</td><td>136,696</td><td>158,349</td><td>165,871</td><td>170,659</td><td>183,107</td><td>184,715</td><td>184,967</td><td>186,366</td></tr></table>
(Continued on following page)
24
Treasury Bulletin
Detailed Statement of the Public Debt and Guaranteed Obligations of the United States Government
(Continued)
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="3">End of fiscal year</th><th colspan="8">End of month</th></tr><tr><th>1941</th><th>1942</th><th>1943</th><th colspan="4">1943</th><th colspan="5">1944</th></tr><tr><td></td><td></td><td></td><td></td><td>Mar.</td><td>June</td><td>Sept.</td><td>Dec.</td><td>Jan.</td><td>Feb.</td><td>Mar.</td><td>Apr.</td><td>May</td></tr></table>
Guaranteed obligations 1/
<table><tr><th>Interest-bearing debt:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></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 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>Commodity Credit Corporation</td><td>696</td><td>701</td><td>412</td><td>701</td><td>412</td><td>412</td><td>412</td><td>412</td><td>412</td><td>412</td><td>412</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,269</td><td>930</td><td>930</td><td>930</td><td>930</td><td>930</td><td>930</td><td>930</td><td>159</td><td>138</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>17</td><td>21</td><td>23</td><td>23</td><td>23</td><td>22</td><td>22</td><td>23</td><td>23</td><td>23</td><td>23</td></tr><tr><td>Federal Public Housing Authority</td><td>226</td><td>114</td><td>114</td><td>114</td><td>114</td><td>114</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</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><td>1,533</td><td>1,533</td><td>937</td><td>931</td><td>755</td></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>1,741</td><td>1,219</td><td>896</td><td>896</td><td>896</td><td>571</td><td>571</td><td>571</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Total marketable issues 3/</td><td>6,360</td><td>4,549</td><td>3,908</td><td>4,197</td><td>3,908</td><td>3,583</td><td>3,583</td><td>3,469</td><td>1,544</td><td>1,503</td><td>1,190</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></tr><tr><td>Commodity Credit Corporation 3/</td><td>-</td><td>-</td><td>68</td><td>78</td><td>68</td><td>77</td><td>205</td><td>191</td><td>188</td><td>175</td><td>168</td><td>163</td></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>-</td><td>-</td><td>115</td><td>75</td><td>115</td><td>305</td><td>437</td><td>495</td><td>570</td><td>539</td><td>586</td><td>176</td></tr><tr><td>Total non-marketable issues 3/</td><td>-</td><td>-</td><td>183</td><td>153</td><td>183</td><td>382</td><td>642</td><td>686</td><td>758</td><td>714</td><td>754</td><td>339</td></tr><tr><td>Total interest-bearing debt</td><td>6,360</td><td>4,549</td><td>4,092</td><td>4,350</td><td>4,092</td><td>3,964</td><td>4,225</td><td>4,269</td><td>4,227</td><td>2,258</td><td>2,258</td><td>1,529</td></tr><tr><td>Matured debt on which interest has ceased</td><td>11</td><td>20</td><td>8</td><td>11</td><td>8</td><td>7</td><td>6</td><td>6</td><td>6</td><td>20</td><td>16</td><td>140</td></tr><tr><td>Total guaranteed obligations outstanding</td><td>6,370</td><td>4,568</td><td>4,100</td><td>4,360</td><td>4,100</td><td>3,971</td><td>4,230</td><td>4,275</td><td>4,233</td><td>2,278</td><td>2,274</td><td>1,669</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Guaranteed securities held by the Treasury and securities guaranteed as to interest only are not included in this table.
2/ Includes prepayments on securities dated February 1, 1944 and
offered as part of the Fourth War Loan. The Reconstruction Finance Corporation notes, Series I-A, I-B, and I-C which are held entirely by United States Government agencies, have been classified as non-marketable issues. Demand obligations.
Composition of the Interest-Bearing Public Debt
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="7">Interest-bearing public debt outstanding (in millions of dollars)</th><th colspan="7">Percent of interest-bearing public debt</th></tr><tr><th>Total</th><th colspan="2">Bonds</th><th colspan="2">Notes</th><th rowspan="2">Certificates of indebtedness</th><th rowspan="2">Bills</th><th rowspan="2">Special issues</th><th colspan="2">Total</th><th colspan="2">Bonds</th><th colspan="2">Notes</th><th colspan="2">Certificates of indebtedness</th><th rowspan="2">Bills</th><th rowspan="2">Special issues</th></tr><tr><th></th><th></th><th>Marketable</th><th>Non-marketable</th><th>Marketable</th><th>Non-marketable</th><th></th><th>Marketable</th><th>Non-marketable</th><th>Marketable</th><th>Non-marketable</th><th>Marketable</th><th>Non-marketable</th><th>Marketable</th><th>Non-marketable</th></tr><tr><td>1934</td><td>26,480</td><td>16,510</td><td>-</td><td>6,653</td><td>-</td><td>1,517</td><td>1,404</td><td>396</td><td>100.0</td><td>62.4</td><td>-</td><td>25.1</td><td>-</td><td>5.7</td><td>5.3</td><td>1.5</td></tr><tr><td>1935</td><td>27,645</td><td>14,874</td><td>62</td><td>10,023</td><td>-</td><td>-</td><td>2,053</td><td>633</td><td>100.0</td><td>53.8</td><td>.2</td><td>36.3</td><td>-</td><td>-</td><td>7.4</td><td>2.3</td></tr><tr><td>1936</td><td>32,989</td><td>17,368</td><td>1,261</td><td>11,381</td><td>-</td><td>-</td><td>2,354</td><td>626</td><td>100.0</td><td>52.6</td><td>3.8</td><td>34.5</td><td>-</td><td>-</td><td>7.1</td><td>1.9</td></tr><tr><td>1937</td><td>35,800</td><td>20,134</td><td>1,168</td><td>10,617</td><td>-</td><td>-</td><td>2,303</td><td>1,558</td><td>100.0</td><td>56.2</td><td>3.3</td><td>29.7</td><td>-</td><td>-</td><td>6.4</td><td>4.3</td></tr><tr><td>1938</td><td>36,576</td><td>22,043</td><td>1,556</td><td>9,147</td><td>-</td><td>-</td><td>1,154</td><td>2,676</td><td>100.0</td><td>60.3</td><td>4.3</td><td>25.0</td><td>-</td><td>-</td><td>3.2</td><td>7.3</td></tr><tr><td>1939</td><td>39,886</td><td>25,414</td><td>2,151</td><td>7,243</td><td>-</td><td>-</td><td>1,308</td><td>3,770</td><td>100.0</td><td>63.7</td><td>5.4</td><td>18.2</td><td>-</td><td>-</td><td>3.3</td><td>9.5</td></tr><tr><td>1940</td><td>42,376</td><td>26,751</td><td>3,166</td><td>6,383</td><td>-</td><td>-</td><td>1,302</td><td>4,775</td><td>100.0</td><td>63.1</td><td>7.5</td><td>15.1</td><td>-</td><td>-</td><td>3.1</td><td>11.3</td></tr><tr><td>1941</td><td>48,387</td><td>30,411</td><td>4,555</td><td>5,698</td><td>-</td><td>-</td><td>1,603</td><td>6,120</td><td>100.0</td><td>62.8</td><td>9.4</td><td>11.8</td><td>-</td><td>-</td><td>3.3</td><td>12.6</td></tr><tr><td>1942</td><td>71,968</td><td>38,281</td><td>10,496</td><td>6,689</td><td>3,015</td><td>3,096</td><td>2,508</td><td>7,885</td><td>100.0</td><td>53.2</td><td>14.6</td><td>9.3</td><td>4.2</td><td>4.3</td><td>3.5</td><td>11.0</td></tr><tr><td>1943</td><td>135,380</td><td>57,716</td><td>21,704</td><td>9,168</td><td>7,495</td><td>16,561</td><td>11,864</td><td>10,871</td><td>100.0</td><td>42.6</td><td>16.0</td><td>6.8</td><td>5.5</td><td>12.2</td><td>8.8</td><td>8.0</td></tr><tr><td>1943-May</td><td>134,675</td><td>58,171</td><td>20,932</td><td>9,797</td><td>8,163</td><td>16,561</td><td>10,853</td><td>10,198</td><td>100.0</td><td>43.2</td><td>15.5</td><td>7.3</td><td>6.1</td><td>12.3</td><td>8.1</td><td>7.6</td></tr><tr><td>June</td><td>135,380</td><td>57,716</td><td>21,704</td><td>9,168</td><td>7,495</td><td>16,561</td><td>11,864</td><td>10,871</td><td>100.0</td><td>42.6</td><td>16.0</td><td>6.8</td><td>5.5</td><td>12.2</td><td>8.8</td><td>8.0</td></tr><tr><td>July</td><td>140,238</td><td>57,716</td><td>22,491</td><td>11,875</td><td>7,678</td><td>16,561</td><td>12,460</td><td>11,456</td><td>100.0</td><td>41.2</td><td>16.0</td><td>8.5</td><td>5.5</td><td>11.8</td><td>8.9</td><td>8.2</td></tr><tr><td>August</td><td>142,721</td><td>57,716</td><td>23,176</td><td>11,875</td><td>7,703</td><td>17,497</td><td>12,846</td><td>11,907</td><td>100.0</td><td>40.4</td><td>16.2</td><td>8.3</td><td>5.4</td><td>12.3</td><td>9.0</td><td>8.3</td></tr><tr><td>September</td><td>157,053</td><td>65,640</td><td>25,060</td><td>11,596</td><td>8,851</td><td>21,136</td><td>13,054</td><td>11,717</td><td>100.0</td><td>41.8</td><td>16.0</td><td>7.4</td><td>5.6</td><td>13.5</td><td>8.3</td><td>7.5</td></tr><tr><td>October</td><td>163,589</td><td>68,085</td><td>26,667</td><td>11,596</td><td>9,109</td><td>23,199</td><td>13,064</td><td>11,868</td><td>100.0</td><td>41.6</td><td>16.3</td><td>7.1</td><td>5.6</td><td>14.2</td><td>8.0</td><td>7.3</td></tr><tr><td>November</td><td>164,781</td><td>68,136</td><td>27,316</td><td>11,596</td><td>9,278</td><td>23,103</td><td>13,074</td><td>12,278</td><td>100.0</td><td>41.4</td><td>16.6</td><td>7.0</td><td>5.6</td><td>14.0</td><td>7.9</td><td>7.5</td></tr><tr><td>December</td><td>164,508</td><td>68,140</td><td>27,988</td><td>11,175</td><td>8,586</td><td>22,643</td><td>13,072</td><td>12,703</td><td>100.0</td><td>41.4</td><td>17.0</td><td>6.8</td><td>5.2</td><td>13.9</td><td>7.9</td><td>7.7</td></tr><tr><td>1944-January</td><td>167,043</td><td>68,140</td><td>29,527</td><td>11,175</td><td>9,384</td><td>22,643</td><td>13,101</td><td>12,873</td><td>100.0</td><td>40.8</td><td>17.7</td><td>6.7</td><td>5.6</td><td>13.7</td><td>7.8</td><td>7.7</td></tr><tr><td>February</td><td>181,709</td><td>74,078</td><td>32,150</td><td>13,302</td><td>10,220</td><td>25,680</td><td>13,112</td><td>13,168</td><td>100.0</td><td>40.8</td><td>17.7</td><td>7.3</td><td>5.6</td><td>14.1</td><td>7.2</td><td>7.2</td></tr><tr><td>March</td><td>183,348</td><td>73,009</td><td>32,646</td><td>16,244</td><td>9,116</td><td>25,680</td><td>13,147</td><td>13,507</td><td>100.0</td><td>39.8</td><td>17.8</td><td>8.9</td><td>5.0</td><td>14.0</td><td>7.2</td><td>7.4</td></tr><tr><td>April</td><td>183,413</td><td>72,722</td><td>33,183</td><td>16,263</td><td>9,092</td><td>25,306</td><td>13,150</td><td>13,697</td><td>100.0</td><td>39.6</td><td>18.1</td><td>8.9</td><td>5.0</td><td>13.8</td><td>7.2</td><td>7.5</td></tr><tr><td>May</td><td>184,874</td><td>72,733</td><td>33,674</td><td>16,265</td><td>9,050</td><td>25,266</td><td>13,766</td><td>14,122</td><td>100.0</td><td>39.3</td><td>18.2</td><td>8.8</td><td>4.9</td><td>13.7</td><td>7.4</td><td>7.6</td></tr></table>
Source: Daily Treasury Statements.
June 1944
25
INTEREST - BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS OF THE UNITED STATES GOVERNMENT
26
Treasury Bulletin
Guaranteed Obligations Held by the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Commodity Credit Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Federal Public Housing Authority</th><th>Home Owners' Loan Corporation</th><th>Reconstruction Finance Corporation</th><th>Tennessee Valley Authority</th></tr><tr><td>1934</td><td>3,255</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,255</td><td>-</td></tr><tr><td>1935</td><td>3,655</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,655</td><td>-</td></tr><tr><td>1936</td><td>4,030</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,030</td><td>-</td></tr><tr><td>1937</td><td>3,630</td><td>-</td><td>-</td><td>-</td><td>25</td><td>3,605</td><td>-</td></tr><tr><td>1938</td><td>883</td><td>-</td><td>-</td><td>4</td><td>15</td><td>864</td><td>-</td></tr><tr><td>1939</td><td>273</td><td>10</td><td>-</td><td>-</td><td>20</td><td>243</td><td>-</td></tr><tr><td>1940</td><td>104</td><td>25</td><td>-</td><td>20</td><td>-</td><td>7</td><td>52</td></tr><tr><td>1941</td><td>302</td><td>140</td><td>-</td><td>85</td><td>-</td><td>20</td><td>57</td></tr><tr><td>1942</td><td>4,079</td><td>400</td><td>263</td><td>274</td><td>551</td><td>2,534</td><td>57</td></tr><tr><td>1943</td><td>7,535</td><td>1,950</td><td>-</td><td>283</td><td>212</td><td>5,033</td><td>57</td></tr><tr><td>1943-May</td><td>6,357</td><td>700</td><td>-</td><td>283</td><td>243</td><td>5,074</td><td>57</td></tr><tr><td>June</td><td>7,535</td><td>1,950</td><td>-</td><td>283</td><td>212</td><td>5,033</td><td>57</td></tr><tr><td>July</td><td>7,063</td><td>700</td><td>-</td><td>283</td><td>173</td><td>5,850</td><td>57</td></tr><tr><td>August</td><td>7,170</td><td>700</td><td>-</td><td>283</td><td>110</td><td>6,021</td><td>57</td></tr><tr><td>September</td><td>7,310</td><td>700</td><td>-</td><td>283</td><td>79</td><td>6,192</td><td>57</td></tr><tr><td>October</td><td>7,477</td><td>700</td><td>-</td><td>283</td><td>36</td><td>6,401</td><td>57</td></tr><tr><td>November</td><td>7,560</td><td>800</td><td>-</td><td>283</td><td>9</td><td>6,411</td><td>57</td></tr><tr><td>December</td><td>7,853</td><td>800</td><td>-</td><td>283</td><td>-</td><td>6,713</td><td>57</td></tr><tr><td>1944-January</td><td>8,045</td><td>900</td><td>-</td><td>283</td><td>-</td><td>6,806</td><td>57</td></tr><tr><td>February</td><td>8,292</td><td>900</td><td>-</td><td>398</td><td>-</td><td>6,937</td><td>57</td></tr><tr><td>March</td><td>10,325</td><td>900</td><td>676</td><td>398</td><td>597</td><td>7,697</td><td>57</td></tr><tr><td>April</td><td>10,403</td><td>900</td><td>697</td><td>398</td><td>603</td><td>7,749</td><td>57</td></tr><tr><td>May</td><td>10,626</td><td>900</td><td>371</td><td>398</td><td>607</td><td>8,294</td><td>57</td></tr></table>
Source: Daily Treasury Statements. 1/ These securities are not included in preceding statements of guaranteed obligations outstanding.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations of the United States Government
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="3">Public debt and guaranteed obligations</th><th colspan="3">Public debt 1/</th><th colspan="3">Guaranteed obligations 2/</th></tr><tr><th></th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed annual rate of interest (Percent)</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed annual rate of interest (Percent)</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed annual 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>27,045</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>1943-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><tr><td>September</td><td>161,018</td><td>3,149</td><td>1.956</td><td>157,053</td><td>3,070</td><td>1.955</td><td>3,964</td><td>79</td><td>1.987</td></tr><tr><td>October</td><td>167,701</td><td>3,253</td><td>1.940</td><td>163,589</td><td>3,173</td><td>1.940</td><td>4,113</td><td>80</td><td>1.938</td></tr><tr><td>November</td><td>168,935</td><td>3,283</td><td>1.943</td><td>164,781</td><td>3,203</td><td>1.944</td><td>4,154</td><td>80</td><td>1.928</td></tr><tr><td>December</td><td>168,732</td><td>3,298</td><td>1.954</td><td>164,508</td><td>3,217</td><td>1.956</td><td>4,225</td><td>81</td><td>1.912</td></tr><tr><td>1944-January</td><td>171,312</td><td>3,354</td><td>1.958</td><td>167,043</td><td>3,273</td><td>1.959</td><td>4,269</td><td>81</td><td>1.904</td></tr><tr><td>February</td><td>185,976</td><td>3,625</td><td>1.950</td><td>181,709</td><td>3,544</td><td>1.951</td><td>4,227</td><td>80</td><td>1.903</td></tr><tr><td>March</td><td>185,606</td><td>3,600</td><td>1.939</td><td>183,348</td><td>3,567</td><td>1.945</td><td>2,258</td><td>33</td><td>1.471</td></tr><tr><td>April</td><td>185,670</td><td>3,606</td><td>1.942</td><td>183,413</td><td>3,573</td><td>1.948</td><td>2,258</td><td>33</td><td>1.449</td></tr><tr><td>May</td><td>186,403</td><td>3,617</td><td>1.941</td><td>184,874</td><td>3,598</td><td>1.946</td><td>1,529</td><td>19</td><td>1.255</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. Guaranteed securities held by the Treasury, and securities guaranteed as interest only, are not included in this table.
June 1944
27
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States
As of May 31, 1944
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/ (Date of issue is shown in parentheses)</th><th colspan="3">Detailed annual maturitise</th><th colspan="2">Total annual maturitise</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>1944</td><td>Treasury bill</td><td>13,766</td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>3/4% Treasury note A - 6/15/44</td><td>146</td><td></td><td></td><td></td><td></td></tr><tr><td>Aug.</td><td>7/8% Ctf. of indent. D - 8/1/44</td><td>2,545</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>7/8% Ctf. of indent. E - 9/1/44</td><td>4,122</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>Oct.</td><td>7/8% Ctf. of indent. F - 10/1/44</td><td>3,519</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>7/8% Ctf. of indent. G - 12/1/44</td><td>3,540</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>Total</td><td></td><td>28,556</td><td>1,037</td><td></td><td>29,592</td><td>28,556</td></tr><tr><td>1945-Feb.</td><td>7/8% Ctf. of indent. A - 2/1/45</td><td>5,048</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>.90% Treasury note D - 3/1/45</td><td>2,127</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>Apr.</td><td>7/8% Ctf. of indent. B - 4/1/45</td><td>4,877</td><td></td><td></td><td></td><td></td></tr><tr><td>May.</td><td>7/8% Ctf. of indent. D - 5/1/45</td><td>1,615</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 - 12/15/47</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>Total</td><td></td><td>17,4743/</td><td>1,969</td><td></td><td>19,443 3/</td><td>17,474 3/</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>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></td><td>819</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>Total</td><td></td><td>3,779</td><td>2,344</td><td></td><td>6,123</td><td>3,779</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 - 6/1/45-47</td><td></td><td>755</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2-3/4% Treasury bond - 9/15/47</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>Total</td><td></td><td>3,421</td><td>759</td><td></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></td><td>1,036</td><td></td><td></td><td></td></tr><tr><td>June.</td><td>1-3/4% Treasury bond - 6/15/48</td><td>3,062</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>Sept.</td><td>1-1/2% Treasury note A - 9/15/48</td><td>3,748</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>Total</td><td></td><td>7,261</td><td>2,910</td><td></td><td>10,171</td><td>8,296</td></tr><tr><td>1949-June.</td><td>3-1/8% Treasury bond - 6/15/49-49</td><td></td><td>819</td><td></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>Total</td><td></td><td></td><td>6,682</td><td></td><td>6,682</td><td>819</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>Total</td><td></td><td></td><td>8,088</td><td></td><td>8,088</td><td>1,687</td></tr></table>
(Continued on following page)
28
Treasury Bulletin
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States
As of May 31, 1944 - (Continued)
(In millions of dollars)
<table><tr><th>Year and month</th><th colspan="2">Description of security 2/ (Date of issue is shown in parentheses)</th><th colspan="3">Detailed annual maturities</th><th colspan="2">Total annual maturities</th></tr><tr><th></th><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></th><th>First call</th><th>Final maturity</th><th></th><th></th></tr><tr><td>1951-Mar. 24</td><td>2-3/4% Treasury bond</td><td>- 3/15/48-51................(3/16/36)</td><td></td><td></td><td>1,223 1,014</td><td></td><td></td></tr><tr><td>June.... 2-3/4% Treasury bond</td><td>- 6/15/49-51................(1/15/42)</td><td></td><td></td><td>1,627</td><td></td><td></td><td></td></tr><tr><td>Sept.... 24</td><td>2-3/4% Treasury bond</td><td>- 9/15/49-51................(5/15/42)</td><td></td><td></td><td>1,292</td><td></td><td></td></tr><tr><td>Sept.... 24</td><td>2-3/4% Treasury bond</td><td>- 9/15/51-53................(9/15/43)</td><td></td><td>7,986</td><td></td><td></td><td></td></tr><tr><td>Sept.... 34</td><td>2-1/4% Treasury bond</td><td>- 9/15/51-55................(9/15/31)</td><td></td><td>755</td><td></td><td></td><td></td></tr><tr><td>Dec.... 2-1/4% Treasury bond</td><td>- 12/15/51-53................(12/22/39)</td><td></td><td></td><td>1,118</td><td></td><td></td><td></td></tr><tr><td>Dec.... 24</td><td>2-3/4% Treasury bond</td><td>- 12/15/51-55................(12/15/41)</td><td></td><td>510</td><td></td><td></td><td></td></tr><tr><td>Dec.... 24</td><td>2-3/4% Treasury bond</td><td>- 12/15/49-51................(7/15/42)</td><td></td><td></td><td>2,098</td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>11,996</td><td>5,628</td><td>11,996</td><td>5,628</td></tr><tr><td>1952-Mar.... 2-1/2%</td><td>2-1/2% Treasury bond</td><td>- 3/15/52-54................(3/31/41)</td><td></td><td>1,024</td><td></td><td></td><td></td></tr><tr><td>Mar.... 24</td><td>2-1/2% Treasury bond</td><td>- 3/15/50-52................(10/19/42)</td><td></td><td></td><td>1,963</td><td></td><td></td></tr><tr><td>June.... 2-1/4% Treasury bond</td><td>- 6/15/52-55................(2/25/42)</td><td></td><td></td><td>1,501</td><td></td><td></td><td></td></tr><tr><td>Sept.... 2-1/2% Treasury bond</td><td>- 9/15/50-52................(9/15/38)</td><td></td><td></td><td></td><td>1,186</td><td></td><td></td></tr><tr><td>Sept.... 24</td><td>2-1/2% Treasury bond</td><td>- 9/15/50-52................(4/15/43)</td><td></td><td></td><td>4,939</td><td></td><td></td></tr><tr><td>Oct.... 4-1/4% Treasury bond</td><td>- 10/15/47-52................(10/16/22)</td><td></td><td></td><td></td><td>759</td><td></td><td></td></tr><tr><td>Dec.... 3-1/3% Treasury bond</td><td>- 12/15/49-52................(12/15/34)</td><td></td><td></td><td></td><td>491</td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>2,524</td><td>9,338</td><td>2,524</td><td>9,338</td></tr><tr><td>1953-June.... 24</td><td>2-3/4% Treasury bond</td><td>- 6/15/53-55................(10/7/40)</td><td></td><td>725</td><td></td><td></td><td></td></tr><tr><td>Sept.... 24</td><td>2-3/4% Treasury bond</td><td>- 9/15/51-53................(9/15/43)</td><td></td><td></td><td>7,986</td><td></td><td></td></tr><tr><td>Dec.... 2-1/2% Treasury bond</td><td>- 12/15/49-53................(12/15/36)</td><td></td><td></td><td></td><td>1,786</td><td></td><td></td></tr><tr><td>Dec.... 2-1/4% Treasury bond</td><td>- 12/15/51-53................(12/22/39)</td><td></td><td></td><td></td><td>1,118</td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>725</td><td>10,890</td><td>725</td><td>10,890</td></tr><tr><td>1954-Mar.... 2-1/2%</td><td>2-1/2% Treasury bond</td><td>- 3/15/52-54................(3/31/41)</td><td></td><td></td><td>1,024</td><td></td><td></td></tr><tr><td>June.... 2-3/4% Treasury bond</td><td>- 6/15/51-54................(6/15/36)</td><td></td><td></td><td>681</td><td></td><td></td><td></td></tr><tr><td>June.... 2-1/4% Treasury bond</td><td>- 6/15/54-56................(7/22/40)</td><td></td><td></td><td></td><td>1,627</td><td></td><td></td></tr><tr><td>Dec.... 4%</td><td>4% Treasury bond</td><td>- 12/15/44-54................(12/15/24)</td><td></td><td></td><td>1,037</td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>681</td><td>3,687</td><td>681</td><td>3,687</td></tr><tr><td>1955-Mar.... 2-7/8%</td><td>2-7/8% Treasury bond</td><td>- 3/15/55-60................(3/15/35)</td><td></td><td>2,611</td><td></td><td></td><td></td></tr><tr><td>June.... 2-1/4% Treasury bond</td><td>- 6/15/52-55................(2/25/42)</td><td></td><td></td><td></td><td>1,501</td><td></td><td></td></tr><tr><td>June.... 24</td><td>2-1/4% Treasury bond</td><td>- 6/15/53-55................(10/7/40)</td><td></td><td></td><td>725</td><td></td><td></td></tr><tr><td>Sept.... 34</td><td>3% Treasury bond</td><td>- 9/15/51-55................(9/15/31)</td><td></td><td></td><td>755</td><td></td><td></td></tr><tr><td>Dec.... 24</td><td>2-3/4% Treasury bond</td><td>- 12/15/51-55................(12/15/41)</td><td></td><td></td><td>510</td><td></td><td></td></tr><tr><td>Total</td><td></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.... 3-3/4%</td><td>3-3/4% Treasury bond</td><td>- 3/15/46-56................(3/15/26)</td><td></td><td></td><td>489</td><td></td><td></td></tr><tr><td>Mar.... 2-1/2% Treasury bond</td><td>- 3/15/56-58................(6/2/41)</td><td></td><td></td><td>1,449</td><td></td><td></td><td></td></tr><tr><td>June.... 2-1/4% Treasury bond</td><td>- 6/15/54-56................(7/22/40)</td><td></td><td></td><td></td><td>681</td><td></td><td></td></tr><tr><td>Sept.... 2-3/4% Treasury bond</td><td>- 9/15/56-59................(9/15/36)</td><td></td><td></td><td>982</td><td></td><td></td><td></td></tr><tr><td>Sept.... 2-1/4% Treasury bond</td><td>- 9/15/56-59................(2/1/44)</td><td></td><td></td><td>3,823</td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>6,253</td><td>1,170</td><td>6,253</td><td>1,170</td></tr><tr><td>1957</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1958-Mar.... 2-1/2%</td><td>2-1/2% Treasury bond</td><td>- 3/15/56-58................(6/2/41)</td><td></td><td></td><td>1,449</td><td></td><td></td></tr><tr><td>June.... 2-3/4% Treasury bond</td><td>- 6/15/58-63................(6/15/38)</td><td></td><td></td><td>919</td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>919</td><td>1,449</td><td>919</td><td>1,449</td></tr><tr><td>1959-Sept.... 2-3/4%</td><td>2-3/4% Treasury bond</td><td>- 9/15/56-59................(9/15/36)</td><td></td><td></td><td>982</td><td></td><td></td></tr><tr><td>Sept.... 2-1/4% Treasury bond</td><td>- 9/15/56-59................(2/1/44)</td><td></td><td></td><td></td><td>3,823</td><td></td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td></td><td>4,804</td><td></td><td>4,804</td></tr></table>
(Continued on following page)
June 1944
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States
As of May 31, 1944 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Year and month</th><th rowspan="2">Description of security 2/ (Date of issue is shown in parentheses)</th><th colspan="3">Detailed annual maturities</th><th colspan="2">Total annual maturities</th></tr><tr><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>1960-Mar.... Dec....</td><td>2-7/8% Treasury bond - 3/15/55-60......(3/15/35) 2-3/4% Treasury bond - 12/15/60-65......(12/15/38) Total</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 - 6/1/61......(6/1/11)</td><td>50</td><td>....................</td><td>....................</td><td>50</td><td>50</td></tr><tr><td>1962-June...</td><td>2-1/2% Treasury bond - 6/15/62-67......(5/5/42)</td><td>....................</td><td>2,118</td><td>....................</td><td>2,118</td><td>....................</td></tr><tr><td>1963-June.... Dec....</td><td>2-3/4% Treasury bond - 6/15/58-63......(6/15/38) 2-1/2% Treasury bond - 12/15/63-68......(12/1/42) Total</td><td>....................</td><td>2,831</td><td>919</td><td>2,831</td><td>919</td></tr><tr><td>1964-June.... Dec....</td><td>2-1/2% Treasury bond - 6/15/64-69......(4/15/43) 2-1/2% Treasury bond - 12/15/64-69......(9/15/43) Total</td><td>....................</td><td>3,762 3,838</td><td>....................</td><td>7,600</td><td>....................</td></tr><tr><td>1965-Dec.... Mar....</td><td>2-3/4% Treasury bond - 12/15/60-65......(12/15/38) 2-1/2 Treasury bond - 3/15/65-70......(2/1/44) Total</td><td>....................</td><td>2,287</td><td>1,485</td><td>2,287</td><td>1,485</td></tr><tr><td>1966......</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>1967-June.... Sept....</td><td>2-1/2% Treasury bond - 6/15/62-67......(5/5/42) 2-1/2% Treasury bond - 9/15/67-72......(10/20/41) Total</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 - 12/15/63-68......(12/1/42)</td><td>....................</td><td>....................</td><td>2,831</td><td>....................</td><td>2,831</td></tr><tr><td>1969-June.... Dec....</td><td>2-1/2% Treasury bond - 6/15/64-69......(4/15/43) 2-1/2% Treasury bond - 12/15/64-69......(9/15/43) Total</td><td>....................</td><td>....................</td><td>3,762 3,838</td><td>....................</td><td>7,600</td></tr><tr><td>1970-Mar....</td><td>2-1/2% Treasury bond - 3/15/65-70......(2/1/44)</td><td>....................</td><td>....................</td><td>2,287</td><td>....................</td><td>2,287</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 - 9/15/67-72......(10/20/41)</td><td>....................</td><td>....................</td><td>2,716</td><td>....................</td><td>2,716</td></tr></table>
source: Daily Treasury Statement, and reports to the Treasury. 1/ Excludes postal savings bonds, Federal Housing Administration debentures, and guaranteed securities held by the Treasury. 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, Commodity Credit Corporation, and Federal Farm Mortgage Corporation. The Reconstruction Finance Corporation notes, Series X-A, X-B, and X-C, which are held entirely by United States Government agencies, have been classified as non-marketable issues.
Treasury Bulletin
Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness Since January 1, 1942
(In millions of dollars)
<table><tr><th rowspan="2">Date of announcement</th><th rowspan="2">Date of financing</th><th colspan="4">Description of new Treasury security 2/</th><th colspan="3">Term</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>To call</th><th>To maturity</th><th>Total</th><th>For cash</th><th>Goverment accounts</th><th>For exchange</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 colspan="15">Offerings in 1942</th></tr><tr><td>1/11</td><td>1/15</td><td>1/15/42</td><td>2 T</td><td>6/15/49-51</td><td>7 5</td><td>9 5</td><td>1,014</td><td>-</td><td>-</td><td>406 308 5/ 205 5/ 96 5/</td><td>-</td><td>Treas. note 1-3/4</td><td>7/8</td><td>3/15/42</td><td>6/15/33</td></tr><tr><td>2/13 4/6 5/4 5/14</td><td>2/25 4/15 5/15</td><td>2/25/42 4/15/42 5/15/42</td><td>2-1/4 T 1/2 T 6/ - 2-1/2 T</td><td>6/15/52-55 11/1/42 6/15/62-67 9/15/49-51</td><td>10 3-2/3 20 1-1/3 7 4</td><td>13 7-2/3 25 1-1/3 9 4</td><td>1,511 1,507 882 1,292</td><td>1,511 1,507 882 1,292</td><td>-</td><td>4,697 3,062 882 3,283</td><td>-</td><td>RPC note 7/8</td><td>1/15/42-47</td><td>2/15/39</td><td>1/15/35</td></tr><tr><td>5/25</td><td>6/5</td><td>6/5/42</td><td>1-1/2 T</td><td>12/15/46</td><td>-</td><td>4 6-1/3</td><td>1,118</td><td>-</td><td>-</td><td>846 272</td><td>-</td><td>HOLC bond 2-1/4</td><td>1</td><td>7/1/42-44 7/1/42</td><td>7/1/35 11/10/39</td></tr><tr><td>6/18 7/8 8/3 8/6 9/10 9/10 10/8 10/19 10/26</td><td>6/25 7/15 8/3 8/15 9/21 9/25 10/15 10/19 11/2</td><td>6/25/42 7/15/42 8/3/42 8/15/42 9/21/42 9/25/42 10/15/42 10/19/42 11/2/42</td><td>5/8 T 6/ - 2-1/2 T 7/8 T 6/ - 1-1/4 T 7/8 T 6/ - 1-1/2 T 7/8 T 6/ -</td><td>2/1/43 12/15/49-51 6/15/62-67 3/15/46 12/15/46 3/15/50-52 11/1/43</td><td>- 7 15 25 1-1/3 2 1-1/2 2 1-1/2 7 5 1</td><td>7 9 1-1/3 2 11-1/2 2 7-1/3 2 5-2/3 2 6-1/3 1</td><td>1,588 2,098 1,236 1,609 1,506 1,606 2,142 2,142 2,035</td><td>1,588 2,098 1,236 1,609 1,506 1,606 2,142 2,142 2,035</td><td>-</td><td>3,114 3,849 1,236 3,273 1,992 3,637 2,142 1,963 3,105</td><td>-</td><td>RPC note</td><td>-</td><td>-</td></tr><tr><td>11/30 11/30 11/30</td><td>12/1 12/1 12/1</td><td>12/1/42 12/1/42 12/1/42</td><td>2-1/2 T 1-3/4 T 7/8 T 6/ -</td><td>12/15/63-68 6/15/48 12/1/43</td><td>21 1/2 26 1/2 5 6-1/2</td><td>26 1/2 5 6-1/2 1</td><td>2,831 3,062 3,800</td><td>2,831 3,062 3,800</td><td>-</td><td>2,871 3,764 5,184</td><td>-</td><td>Ctf. of indebtedness</td><td>1/2</td><td>11/1/42</td><td>4/15/42</td></tr><tr><th colspan="15">Offerings in 1943</th></tr><tr><td>1/21</td><td>2/1</td><td>2/1/43</td><td>7/8 T 6/ -</td><td>2/1/44</td><td>-</td><td>1</td><td>2,211</td><td>2,211</td><td>-</td><td>6,402</td><td>Ctf. of indebtedness</td><td>5/8</td><td>2/1/43</td><td>6/25/42</td></tr><tr><td>4/12 4/12 4/12</td><td>4/15 4/15 4/15</td><td>4/15/43 4/15/43 4/15/43</td><td>- 2-1/2 T 7/8 T 6/ -</td><td>9/15/50-52 6/15/64-69 4/1/44</td><td>7 5 21 2</td><td>9 5 26 2 11-1/2</td><td>4,939 3,762 5,251</td><td>4,939 3,762 5,251</td><td>-</td><td>12,757 3,762 12,895</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>5/1/44</td><td>-</td><td>1</td><td>1,655</td><td>-</td><td>-</td><td>1,373 5/ 282 5/</td><td>Ctf. of indebtedness</td><td>.65</td><td>5/1/43</td><td>9/21/42</td></tr><tr><td>6/28 7/22</td><td>7/12 8/2</td><td>7/12/43 8/2/43</td><td>1-1/2 T 7/8 T 5/ -</td><td>9/15/47 8/1/44</td><td>- -</td><td>4 2 1</td><td>2,707 2,707 2,945 989</td><td>2,707 2,707</td><td>-</td><td>19,544 1,556</td><td>Ctf. of indebtedness</td><td>7/8</td><td>8/1/43</td><td>8/15/42</td></tr><tr><td>9/9 9/9 9/9 10/6 10/6 11/22</td><td>9/15 9/15 9/15 10/15 10/15 12/1</td><td>9/15/43 9/15/43 9/15/43 10/15/43 10/15/43 12/1/43</td><td>2-1/2 T 7/8 T 6/ - 2-1/2 T 7/8 T 6/ - 7/8 T 6/ -</td><td>12/15/64-69 9/15/61-53 9/1/44 10/1/44 12/1/44</td><td>21 3 8 - 21 3 8 -</td><td>26 3 10 - 11-1/2 2 11-1/2 2</td><td>3,779 5,257 4,122 3,519 1,580 3,540</td><td>3,779 5,257 4,122 3,519</td><td>-</td><td>3,779 5,257 4,122 5,391</td><td>Ctf. of indebtedness</td><td>7/8</td><td>11/1/43</td><td>11/2/42</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>59 1,102 3,540</td><td>Treas. bond</td><td>3-1/4</td><td>10/15/43-45</td><td>10/15/33</td></tr><tr><td>1/18 1/18 1/18 1/24</td><td>2/1 2/1 2/1 2/1</td><td>2/1/44 2/1/44 2/1/44 2/1/44</td><td>2-1/4 T 7/8 T 6/ - .90 T</td><td>9/15/56-59 3/15/65-70 2/1/45 3/1/45</td><td>12 7-1/2 21 1-1/2 1</td><td>15 7-1/2 26 1-1/2 1</td><td>3,728 2,212 5,048 2,127</td><td>3,728 2,212 5,048</td><td>-</td><td>3,728 2,212 5,048 2,127</td><td>Ctf. of indebtedness</td><td>7/8</td><td>2/1/44</td><td>2/1/43</td></tr><tr><td>3/2 3/2 3/2</td><td>3/15 3/15 3/15</td><td>2/1/44 2/1/44 3/15/44</td><td>2-1/4 T 2-1/2 T 1-1/2 T</td><td>9/15/56-59 3/15/65-70 9/15/48</td><td>12 7-1/2 21 1-1/2 1</td><td>15 7-1/2 26 1-1/2 4 6</td><td>95p 77p 3,748p</td><td>95p 77p</td><td>-</td><td>76p 705p 559p 604p 1,223p 483p 270p</td><td>PTMC bond</td><td>3-1/4</td><td>3/15/44-64</td><td>3/15/34</td></tr><tr><td>3/22</td><td>4/1</td><td>4/1/44</td><td>7/8 T 6/ -</td><td>4/1/45</td><td>-</td><td>1</td><td>4,877</td><td>-</td><td>-</td><td>4,877</td><td>Ctf. of indebtedness</td><td>7/8</td><td>4/1/44</td><td>4/15/43</td></tr><tr><td>4/24</td><td>5/1</td><td>5/1/44</td><td>7/8 T 6/ -</td><td>5/1/45</td><td>-</td><td>1</td><td>1,615</td><td>-</td><td>-</td><td>1,615</td><td>Ctf. of indebtedness</td><td>7/8</td><td>5/1/44</td><td>5/1/43</td></tr><tr><td>6/12 6/12 6/12</td><td>6/26 6/26 6/26</td><td>6/26/44 6/26/44 6/26/44</td><td>2 T 2-1/2 T 7/8 T 6/ -</td><td>6/15/52-54 3/15/65-70 6/1/45</td><td>7 11-1/2 21 1-1/2 -</td><td>9 11-1/2 26 1-1/2 11</td><td>8/ 8/ 8/</td><td>8/ 8/ 8/</td><td>-</td><td>8/ 8/ 8/</td><td>HOLC bond</td><td>3-1/4</td><td>4/15/44-46</td><td>4/16/34</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>Treas. bond</td><td>3-1/4</td><td>3/15/44</td><td>11/1/39</td><td>6/15/39</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>Treas. note</td><td>3/4</td><td>6/15/44</td><td>6/15/39</td><td></td></tr></table>
Beck 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. For 1940 and 1941 see earlier issues of the "Treasury Bulletin". Taxable issues. Preliminary. 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.
The amounts shown in this column were sold to Government investment accounts direct from amounts set aside for this purpose. Additional offering at par of security already outstanding. Proceeds of payment of refunded security applied to payment for new issue - in effect an exchange and so treated in this statement. Certificates of indebtedness. Issued primarily for refunding maturing security. Issues sold in Fifth War Loan, June 12-July 8, 1944. Amounts not yet available.
June 1944
31
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Amounts in millions of dollars)
<table><tr><th rowspan="2">Date of issue</th><th colspan="5">Description of new issue</th><th rowspan="2">Amount of maturing issue (as of date shown in first column)</th><th rowspan="2">Total bills outstanding (as of date shown in first column)</th></tr><tr><th>Maturity date</th><th>Number of days to maturity</th><th>Amount of bids tendered</th><th colspan="3">Amount of bids accepted</th></tr><tr><th></th><th></th><th></th><th></th><th>Total amount</th><th>Amount on competitive basis</th><th>Amount on fixed-price basis 1/</th><th></th></tr><tr><td>1943-May 5</td><td>1943-Aug. 4</td><td>91</td><td>1,388.6</td><td>901.8</td><td>901.8</td><td>....</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>826.4</td><td>80.6</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>814.3</td><td>93.5</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>823.0</td><td>82.5</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>843.7</td><td>62.3</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>820.5</td><td>88.1</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>921.3</td><td>79.2</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>934.1</td><td>71.9</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>1,005.8</td><td>947.4</td><td>58.4</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>962.5</td><td>40.6</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>932.8</td><td>68.4</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>933.0</td><td>70.7</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>954.0</td><td>48.8</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>948.5</td><td>57.4</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>932.2</td><td>62.5</td><td>907.0</td><td>12,651.5</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>929.4</td><td>75.9</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>934.0</td><td>68.3</td><td>905.4</td><td>12,846.0</td></tr><tr><td>Sept. 2</td><td>Dec. 2</td><td>91</td><td>1,177.6</td><td>1,001.2</td><td>942.3</td><td>59.5</td><td>906.0</td><td>12,941.8</td></tr><tr><td>Sept. 9</td><td>Dec. 9</td><td>91</td><td>1,281.2</td><td>1,004.9</td><td>950.4</td><td>54.5</td><td>908.7</td><td>13,038.0</td></tr><tr><td>Sept. 16</td><td>Dec. 16</td><td>91</td><td>1,535.6</td><td>1,008.6</td><td>932.2</td><td>76.4</td><td>1,000.5</td><td>13,046.2</td></tr><tr><td>Sept. 23</td><td>Dec. 23</td><td>91</td><td>1,498.8</td><td>1,017.7</td><td>940.5</td><td>77.3</td><td>1,006.1</td><td>13,057.8</td></tr><tr><td>Sept. 30</td><td>Dec. 30</td><td>91</td><td>1,337.7</td><td>1,003.0</td><td>943.2</td><td>59.8</td><td>1,005.8</td><td>13,054.1</td></tr><tr><td>Oct. 7</td><td>1944-Jan. 6</td><td>91</td><td>1,239.5</td><td>1,006.9</td><td>955.1</td><td>51.9</td><td>1,007.1</td><td>13,058.9</td></tr><tr><td>Oct. 14</td><td>Jan. 13</td><td>91</td><td>1,184.8</td><td>1,004.7</td><td>951.3</td><td>53.4</td><td>1,001.2</td><td>13,062.4</td></tr><tr><td>Oct. 21</td><td>Jan. 20</td><td>91</td><td>1,413.9</td><td>1,000.8</td><td>928.9</td><td>71.8</td><td>1,003.7</td><td>13,059.5</td></tr><tr><td>Oct. 28</td><td>Jan. 27</td><td>91</td><td>1,286.5</td><td>1,008.1</td><td>940.3</td><td>67.8</td><td>1,002.8</td><td>13,064.4</td></tr><tr><td>Nov. 4</td><td>Feb. 3</td><td>91</td><td>1,142.7</td><td>1,002.6</td><td>934.8</td><td>67.8</td><td>1,005.8</td><td>13,061.5</td></tr><tr><td>Nov. 12</td><td>Feb. 10</td><td>90</td><td>1,247.1</td><td>1,004.7</td><td>929.1</td><td>75.6</td><td>994.7</td><td>13,071.5</td></tr><tr><td>Nov. 18</td><td>Feb. 17</td><td>91</td><td>1,221.6</td><td>1,001.3</td><td>927.3</td><td>74.0</td><td>1,005.3</td><td>13,067.5</td></tr><tr><td>Nov. 26</td><td>Feb. 24</td><td>90</td><td>1,621.6</td><td>1,008.7</td><td>930.5</td><td>78.1</td><td>1,002.3</td><td>13,073.8</td></tr><tr><td>Dec. 2</td><td>Mar. 2</td><td>91</td><td>1,544.0</td><td>1,006.4</td><td>942.5</td><td>63.9</td><td>1,001.8</td><td>13,078.3</td></tr><tr><td>Dec. 9</td><td>Mar. 9</td><td>91</td><td>1,694.3</td><td>1,011.4</td><td>947.6</td><td>63.8</td><td>1,004.9</td><td>13,084.8</td></tr><tr><td>Dec. 16</td><td>Mar. 16</td><td>91</td><td>1,815.0</td><td>1,000.2</td><td>934.4</td><td>65.8</td><td>1,008.6</td><td>13,076.3</td></tr><tr><td>Dec. 23</td><td>Mar. 23</td><td>91</td><td>1,791.7</td><td>1,005.5</td><td>944.8</td><td>60.7</td><td>1,017.7</td><td>13,064.2</td></tr><tr><td>Dec. 30</td><td>Mar. 30</td><td>91</td><td>1,771.8</td><td>1,011.0</td><td>969.0</td><td>41.9</td><td>1,003.0</td><td>13,072.2</td></tr><tr><td>1944-Jan. 6</td><td>Apr. 6</td><td>91</td><td>2,255.5</td><td>1,014.8</td><td>966.7</td><td>48.1</td><td>1,006.9</td><td>13,080.1</td></tr><tr><td>Jan. 13</td><td>Apr. 13</td><td>91</td><td>2,173.7</td><td>1,000.2</td><td>942.8</td><td>57.4</td><td>1,004.7</td><td>13,075.6</td></tr><tr><td>Jan. 20</td><td>Apr. 20</td><td>91</td><td>2,273.5</td><td>1,017.2</td><td>957.7</td><td>59.5</td><td>1,000.8</td><td>13,092.0</td></tr><tr><td>Jan. 27</td><td>Apr. 27</td><td>91</td><td>2,291.5</td><td>1,016.9</td><td>950.0</td><td>66.9</td><td>1,008.1</td><td>13,100.9</td></tr><tr><td>Feb. 3</td><td>May 4</td><td>91</td><td>2,459.2</td><td>1,002.3</td><td>930.7</td><td>71.6</td><td>1,002.6</td><td>13,100.5</td></tr><tr><td>Feb. 10</td><td>May 11</td><td>91</td><td>2,551.6</td><td>1,005.7</td><td>927.8</td><td>77.8</td><td>1,004.7</td><td>13,101.5</td></tr><tr><td>Feb. 17</td><td>May 18</td><td>91</td><td>2,314.9</td><td>1,012.7</td><td>941.3</td><td>71.4</td><td>1,001.3</td><td>13,113.0</td></tr><tr><td>Feb. 24</td><td>May 25</td><td>91</td><td>1,979.2</td><td>1,007.7</td><td>932.5</td><td>75.2</td><td>1,008.7</td><td>13,112.0</td></tr><tr><td>Mar. 2</td><td>June 1</td><td>91</td><td>2,151.5</td><td>1,007.4</td><td>936.3</td><td>71.1</td><td>1,006.4</td><td>13,113.0</td></tr><tr><td>Mar. 9</td><td>June 8</td><td>91</td><td>2,450.7</td><td>1,035.5</td><td>969.5</td><td>66.0</td><td>1,011.4</td><td>13,137.1</td></tr><tr><td>Mar. 16</td><td>June 15</td><td>91</td><td>2,095.1</td><td>1,016.1</td><td>951.1</td><td>65.1</td><td>1,000.2</td><td>13,153.1</td></tr><tr><td>Mar. 23</td><td>June 22</td><td>91</td><td>2,116.7</td><td>1,001.1</td><td>937.1</td><td>63.9</td><td>1,005.5</td><td>13,148.6</td></tr><tr><td>Mar. 30</td><td>June 29</td><td>91</td><td>1,976.7</td><td>1,009.7</td><td>954.5</td><td>55.2</td><td>1,011.0</td><td>13,147.3</td></tr><tr><td>Apr. 6</td><td>July 6</td><td>91</td><td>1,997.8</td><td>1,007.7</td><td>960.7</td><td>47.0</td><td>1,014.8</td><td>13,140.1</td></tr><tr><td>Apr. 13</td><td>July 13</td><td>91</td><td>1,927.7</td><td>1,014.5</td><td>959.0</td><td>55.5</td><td>1,000.2</td><td>13,154.4</td></tr><tr><td>Apr. 20</td><td>July 20</td><td>91</td><td>2,028.4</td><td>1,013.4</td><td>959.5</td><td>54.0</td><td>1,017.2</td><td>13,150.7</td></tr><tr><td>Apr. 27</td><td>July 27</td><td>91</td><td>2,131.1</td><td>1,015.9</td><td>961.3</td><td>54.6</td><td>1,015.9</td><td>13,149.7</td></tr><tr><td>May 4</td><td>Aug. 3</td><td>91</td><td>2,149.7</td><td>1,017.1</td><td>966.6</td><td>50.5</td><td>1,002.3</td><td>13,154.5</td></tr><tr><td>May 11</td><td>Aug. 10</td><td>91</td><td>2,172.7</td><td>1,206.9</td><td>1,148.0</td><td>59.0</td><td>1,005.7</td><td>13,365.8</td></tr><tr><td>May 18</td><td>Aug. 17</td><td>91</td><td>2,170.2</td><td>1,206.3</td><td>1,147.0</td><td>59.3</td><td>1,012.7</td><td>13,559.3</td></tr><tr><td>May 25</td><td>Aug. 24</td><td>91</td><td>1,958.4</td><td>1,214.1</td><td>1,157.1</td><td>57.0</td><td>1,007.7</td><td>13,765.8</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/ Commencing with the offering of Treasury bills dated May 12, 1943, tenders for bills in the amount of $100,000 or less from any one bidder have been accepted in full at a fixed price of 99.905 per hundred.
Treasury Bulletin
32
Offerings and Maturities of Treasury Bills - (Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
<table><tr><th rowspan="2">Date of issue</th><th colspan="2">Total bids accepted</th><th colspan="4">Competitive bids accepted</th></tr><tr><th>Average price per hundred</th><th>Equivalent average rate 1/ (Percent)</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th>Price per hundred</th><th>Equivalent rate 1/ (Percent)</th><th>Price per hundred</th><th>Equivalent rate 1/ (Percent)</th></tr><tr><td>1943-May 5.</td><td>99.906</td><td>0.373</td><td>99.935</td><td>0.257</td><td>99.905</td><td>0.376</td></tr><tr><td>May 12.</td><td>99.905</td><td>0.372</td><td>99.912</td><td>0.344</td><td>99.904</td><td>0.376</td></tr><tr><td>May 19.</td><td>99.905</td><td>0.373</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>May 26.</td><td>99.905</td><td>0.373</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>June 2.</td><td>99.905</td><td>0.374</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>June 9.</td><td>99.904</td><td>0.374</td><td>99.913</td><td>0.340</td><td>99.904</td><td>0.376</td></tr><tr><td>June 16.</td><td>99.905</td><td>0.374</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>June 23.</td><td>99.904</td><td>0.374</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>June 30.</td><td>99.904</td><td>0.374</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>July 7.</td><td>99.904</td><td>0.375</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>July 14.</td><td>99.904</td><td>0.374</td><td>99.925</td><td>0.293</td><td>99.904</td><td>0.376</td></tr><tr><td>July 21.</td><td>99.905</td><td>0.374</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>July 28.</td><td>99.904</td><td>0.374</td><td>99.910</td><td>0.352</td><td>99.904</td><td>0.376</td></tr><tr><td>Aug. 4.</td><td>99.904</td><td>0.374</td><td>99.909</td><td>0.356</td><td>99.904</td><td>0.376</td></tr><tr><td>Aug. 12.</td><td>99.904</td><td>0.374</td><td>99.912</td><td>0.344</td><td>99.904</td><td>0.376</td></tr><tr><td>Aug. 19.</td><td>99.905</td><td>0.375</td><td>99.909</td><td>0.360</td><td>99.905</td><td>0.376</td></tr><tr><td>Aug. 26.</td><td>99.904</td><td>0.374</td><td>99.911</td><td>0.348</td><td>99.904</td><td>0.376</td></tr><tr><td>Sept. 2.</td><td>99.905</td><td>0.375</td><td>99.925</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Sept. 9.</td><td>99.905</td><td>0.375</td><td>99.909</td><td>0.360</td><td>99.905</td><td>0.376</td></tr><tr><td>Sept. 16.</td><td>99.905</td><td>0.374</td><td>99.911</td><td>0.352</td><td>99.905</td><td>0.376</td></tr><tr><td>Sept. 23.</td><td>99.906</td><td>0.374</td><td>99.924</td><td>0.301</td><td>99.905</td><td>0.376</td></tr><tr><td>Sept. 30.</td><td>99.905</td><td>0.375</td><td>99.926</td><td>0.293</td><td>99.905</td><td>0.376</td></tr><tr><td>Oct. 7.</td><td>99.905</td><td>0.375</td><td>99.926</td><td>0.293</td><td>99.905</td><td>0.376</td></tr><tr><td>Oct. 14.</td><td>99.905</td><td>0.375</td><td>99.926</td><td>0.293</td><td>99.905</td><td>0.376</td></tr><tr><td>Oct. 21.</td><td>99.905</td><td>0.375</td><td>99.926</td><td>0.293</td><td>99.905</td><td>0.376</td></tr><tr><td>Oct. 28.</td><td>99.905</td><td>0.375</td><td>99.915</td><td>0.336</td><td>99.905</td><td>0.376</td></tr><tr><td>Nov. 4.</td><td>99.905</td><td>0.375</td><td>99.915</td><td>0.336</td><td>99.905</td><td>0.376</td></tr><tr><td>Nov. 12.</td><td>99.906</td><td>0.376</td><td>99.915</td><td>0.340</td><td>99.906</td><td>0.376</td></tr><tr><td>Nov. 18.</td><td>99.905</td><td>0.375</td><td>99.925</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Nov. 26.</td><td>99.906</td><td>0.376</td><td>99.910</td><td>0.360</td><td>99.906</td><td>0.376</td></tr><tr><td>Dec. 2.</td><td>99.905</td><td>0.375</td><td>99.925 2/</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Dec. 9.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Dec. 16.</td><td>99.905</td><td>0.375</td><td>99.925</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Dec. 23.</td><td>99.905</td><td>0.375</td><td>99.909</td><td>0.360</td><td>99.905</td><td>0.376</td></tr><tr><td>Dec. 30.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>1944-Jan. 6.</td><td>99.906</td><td>0.373</td><td>99.915</td><td>0.336</td><td>99.905</td><td>0.376</td></tr><tr><td>Jan. 13.</td><td>99.905</td><td>0.374</td><td>99.925</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Jan. 20.</td><td>99.905</td><td>0.374</td><td>99.925</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Jan. 27.</td><td>99.905</td><td>0.374</td><td>99.925</td><td>0.297</td><td>99.905</td><td>0.376</td></tr><tr><td>Feb. 3.</td><td>99.906</td><td>0.374</td><td>99.920</td><td>0.316</td><td>99.905</td><td>0.376</td></tr><tr><td>Feb. 10.</td><td>99.905</td><td>0.374</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Feb. 17.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Feb. 24.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Mar. 2.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Mar. 9.</td><td>99.905</td><td>0.374</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Mar. 16.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Mar. 23.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Mar. 30.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Apr. 6.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Apr. 13.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Apr. 20.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>Apr. 27.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>May 4.</td><td>99.905</td><td>0.374</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>May 11.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>May 18.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr><tr><td>May 25.</td><td>99.905</td><td>0.375</td><td>99.910</td><td>0.356</td><td>99.905</td><td>0.376</td></tr></table>
Source: Public Debt Service. Back Figures: Annual Reports of the Secretary of the Treasury.
1/ Bank discount basis.
2/ Except $10,000 at 99.956
June 1944
33
Sales of United States Savings Bonds
Table 1. - Summary of Sales and Redemptions, 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">Sales</th><th rowspan="2">Accrual of redemption values</th><th colspan="3">Redemptions</th></tr><tr><th>Total</th><th>Sales to investors other than commercial banks</th><th>Sales to commercial banks</th><th>Total</th><th>Original purchase price 2/</th><th>Interest accrued 2/</th></tr></table>
All series 3/
<table><tr><td>1935</td><td>62.0</td><td>+62.0</td><td>62.6</td><td>4/</td><td>4/</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>1/</td><td>1/</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>1/</td><td>1/</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>1/</td><td>1/</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>1/</td><td>1/</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>4/</td><td>4/</td><td>42.1</td><td>114.3</td><td>110.8</td><td>3.5</td></tr><tr><td>1941</td><td>4,314.0</td><td>+1,409.3</td><td>1,492.4</td><td>1,492.4</td><td>............</td><td>65.0</td><td>148.1</td><td>142.8</td><td>5.3</td></tr><tr><td>1942</td><td>10,188.2</td><td>+5,874.2</td><td>5,994.1</td><td>5,994.1</td><td>............</td><td>87.5</td><td>207.4</td><td>200.9</td><td>6.5</td></tr><tr><td>1943</td><td>21,256.2</td><td>+11,068.0</td><td>11,788.7</td><td>11,788.7</td><td>............</td><td>127.6</td><td>848.3</td><td>841.3</td><td>7.0</td></tr><tr><td>1943-May</td><td>20,507.4</td><td>+1,240.4</td><td>1,735.0</td><td>1,335.0</td><td>............</td><td>9.4</td><td>104.0</td><td>103.3</td><td>.6</td></tr><tr><td>June</td><td>21,256.2</td><td>+748.8</td><td>875.5</td><td>875.5</td><td>............</td><td>14.4</td><td>141.1</td><td>140.5</td><td>.7</td></tr><tr><td>July</td><td>22,030.2</td><td>+774.1</td><td>889.7</td><td>889.7</td><td>............</td><td>22.6</td><td>138.2</td><td>137.5</td><td>.7</td></tr><tr><td>August</td><td>22,693.5</td><td>+663.3</td><td>801.7</td><td>801.7</td><td>............</td><td>13.6</td><td>152.0</td><td>151.2</td><td>.8</td></tr><tr><td>September</td><td>24,478.4</td><td>+1,784.9</td><td>1,926.6</td><td>1,926.6</td><td>............</td><td>13.6</td><td>155.3</td><td>154.4</td><td>.8</td></tr><tr><td>October</td><td>26,056.0</td><td>+1,577.6</td><td>1,708.2</td><td>1,708.2</td><td>............</td><td>13.1</td><td>143.7</td><td>142.9</td><td>.8</td></tr><tr><td>November</td><td>26,697.0</td><td>+641.0</td><td>798.1</td><td>798.1</td><td>............</td><td>13.4</td><td>170.5</td><td>169.6</td><td>.9</td></tr><tr><td>December</td><td>27,362.8</td><td>+665.8</td><td>853.0</td><td>853.0</td><td>............</td><td>19.6</td><td>206.9</td><td>205.9</td><td>1.0</td></tr><tr><td>1944-January</td><td>28,901.0</td><td>+1,538.2</td><td>1,698.4</td><td>1,505.4</td><td>193.0</td><td>27.7</td><td>187.8</td><td>186.7</td><td>1.1</td></tr><tr><td>February</td><td>31,515.2</td><td>+2,614.2</td><td>2,781.5</td><td>2,700.9</td><td>80.6</td><td>17.5</td><td>184.8</td><td>5/</td><td>5/</td></tr><tr><td>March</td><td>31,973.8</td><td>+458.6</td><td>709.1</td><td>705.0</td><td>4.1</td><td>17.6</td><td>268.1</td><td>5/</td><td>5/</td></tr><tr><td>April</td><td>32,496.8</td><td>+523.0</td><td>738.5</td><td>737.0</td><td>1.5</td><td>21.6</td><td>237.1</td><td>5/</td><td>5/</td></tr><tr><td>May</td><td>32,987.0</td><td>+490.2</td><td>750.6</td><td>748.4</td><td>2.2</td><td>18.5</td><td>278.9</td><td>5/</td><td>5/</td></tr></table>
Series 4-D
<table><tr><td>1935</td><td>62.0</td><td>+62.0</td><td>62.6</td><td>4/</td><td>4/</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>4/</td><td>4/</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>4/</td><td>4/</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>4/</td><td>4/</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>4/</td><td>4/</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>4/</td><td>4/</td><td>42.1</td><td>114.3</td><td>110.8</td><td>3.5</td></tr><tr><td>1941</td><td>3,650.2</td><td>+745.5</td><td>828.0</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>.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>.1</td><td>92.0</td><td>88.2</td><td>81.8</td><td>6.4</td></tr><tr><td>1943-May</td><td>3,606.8</td><td>-1.3</td><td>-</td><td>-</td><td>5.2</td><td>6.5</td><td>5.9</td><td>.5</td></tr><tr><td>June</td><td>3,608.0</td><td>+1.2</td><td>-</td><td>-</td><td>7.5</td><td>6.3</td><td>5.8</td><td>.5</td></tr><tr><td>July</td><td>3,614.8</td><td>+6.8</td><td>-</td><td>-</td><td>13.6</td><td>6.8</td><td>6.2</td><td>.6</td></tr><tr><td>August</td><td>3,615.3</td><td>+5</td><td>-</td><td>-</td><td>7.6</td><td>7.1</td><td>6.5</td><td>.6</td></tr><tr><td>September</td><td>3,615.6</td><td>+3</td><td>-</td><td>-</td><td>7.0</td><td>6.8</td><td>6.2</td><td>.6</td></tr><tr><td>October</td><td>3,615.6</td><td>+1</td><td>-</td><td>-</td><td>6.3</td><td>6.2</td><td>5.7</td><td>.6</td></tr><tr><td>November</td><td>3,614.7</td><td>-9</td><td>-</td><td>-</td><td>5.1</td><td>6.1</td><td>5.5</td><td>.6</td></tr><tr><td>December</td><td>3,616.3</td><td>+1.6</td><td>-</td><td>-</td><td>7.7</td><td>6.0</td><td>5.5</td><td>.6</td></tr><tr><td>1944-January</td><td>3,623.3</td><td>+6.9</td><td>-</td><td>-</td><td>13.8</td><td>6.8</td><td>6.2</td><td>.7</td></tr><tr><td>February</td><td>3,624.2</td><td>+9</td><td>-</td><td>-</td><td>7.8</td><td>6.8</td><td>5/</td><td>5/</td></tr><tr><td>March</td><td>3,624.9</td><td>+7</td><td>-</td><td>-</td><td>7.2</td><td>6.5</td><td>5/</td><td>2/</td></tr><tr><td>April</td><td>3,624.8</td><td>-</td><td>-</td><td>-</td><td>6.5</td><td>6.5</td><td>5/</td><td>5/</td></tr><tr><td>May</td><td>3,622.9</td><td>-1.9</td><td>-</td><td>-</td><td>5.3</td><td>7.3</td><td>5/</td><td>2/</td></tr></table>
(Continued on following page)
34
Treasury Bulletin
Sales of United States Savings Bonds - (Continued)
Table 1.- Summary of Sales and Redemptions, 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">Sales</th><th>Accrual of redemption values</th><th colspan="3">Redemptions</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>Sales to investors other than commercial banks</th><th>Sales to commercial banks</th><th></th><th>Total</th><th>Original purchase price 2/</th><th>Interest accrued 2/</th></tr><tr><td colspan="10">Series I</td></tr><tr><td>1941</td><td>203.1</td><td>+203.1</td><td>203.1</td><td>203.1</td><td>.........</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>3,526.3</td><td>.........</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>8,271.3</td><td>.........</td><td>33.1</td><td>688.6</td><td>688.0</td><td>.6</td></tr><tr><td>1943-May</td><td>10,709.0</td><td>+913.0</td><td>995.2</td><td>995.2</td><td>.........</td><td>4.2</td><td>86.5</td><td>86.4</td><td>.1</td></tr><tr><td>June</td><td>11,285.6</td><td>+577.6</td><td>696.2</td><td>696.2</td><td>.........</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>682.9</td><td>.........</td><td>8.4</td><td>120.1</td><td>120.0</td><td>.2</td></tr><tr><td>August</td><td>12,390.6</td><td>+532.8</td><td>661.2</td><td>661.2</td><td>.........</td><td>5.6</td><td>134.0</td><td>133.8</td><td>.2</td></tr><tr><td>September</td><td>13,660.0</td><td>+1,269.5</td><td>1,400.2</td><td>1,400.2</td><td>.........</td><td>6.1</td><td>136.8</td><td>136.5</td><td>.2</td></tr><tr><td>October</td><td>14,881.6</td><td>+1,221.5</td><td>1,340.1</td><td>1,340.1</td><td>.........</td><td>6.4</td><td>125.1</td><td>124.8</td><td>.2</td></tr><tr><td>November</td><td>15,404.7</td><td>+523.1</td><td>665.3</td><td>665.3</td><td>.........</td><td>7.5</td><td>149.7</td><td>149.4</td><td>.3</td></tr><tr><td>December</td><td>15,957.2</td><td>+552.5</td><td>727.6</td><td>727.6</td><td>.........</td><td>11.2</td><td>186.2</td><td>185.9</td><td>.4</td></tr><tr><td>1944-January</td><td>16,891.0</td><td>+933.8</td><td>1,084.6</td><td>1,084.6</td><td>.........</td><td>12.7</td><td>163.6</td><td>163.2</td><td>.4</td></tr><tr><td>February</td><td>18,841.7</td><td>+1,950.8</td><td>2,102.3</td><td>2,102.3</td><td>.........</td><td>9.1</td><td>160.7</td><td>160.2</td><td>.5</td></tr><tr><td>March</td><td>19,185.8</td><td>+344.1</td><td>575.8</td><td>575.8</td><td>.........</td><td>9.7</td><td>241.4</td><td>240.8</td><td>.6</td></tr><tr><td>April</td><td>19,592.8</td><td>+407.0</td><td>605.7</td><td>605.7</td><td>.........</td><td>14.2</td><td>212.9</td><td>212.2</td><td>.7</td></tr><tr><td>May</td><td>19,979.5</td><td>+386.7</td><td>624.3</td><td>624.3</td><td>.........</td><td>12.1</td><td>249.7</td><td>248.8</td><td>.8</td></tr><tr><td colspan="10">Series II</td></tr><tr><td>1941</td><td>66.6</td><td>+66.6</td><td>66.7</td><td>66.7</td><td>.........</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>434.9</td><td>.........</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>757.9</td><td>.........</td><td>2.5</td><td>17.0</td><td>17.0</td><td>-</td></tr><tr><td>1943-May</td><td>1,209.5</td><td>+83.1</td><td>85.9</td><td>85.9</td><td>.........</td><td>*</td><td>2.8</td><td>2.8</td><td>-</td></tr><tr><td>June</td><td>1,242.3</td><td>+32.8</td><td>35.1</td><td>35.1</td><td>.........</td><td>.4</td><td>2.8</td><td>2.8</td><td>-</td></tr><tr><td>July</td><td>1,277.7</td><td>+35.4</td><td>37.6</td><td>37.6</td><td>.........</td><td>.7</td><td>2.8</td><td>2.8</td><td>-</td></tr><tr><td>August</td><td>1,302.7</td><td>+24.9</td><td>28.1</td><td>28.1</td><td>.........</td><td>.4</td><td>3.5</td><td>3.5</td><td>-</td></tr><tr><td>September</td><td>1,439.4</td><td>+136.7</td><td>139.0</td><td>139.0</td><td>.........</td><td>.4</td><td>2.7</td><td>2.7</td><td>-</td></tr><tr><td>October</td><td>1,529.6</td><td>+90.2</td><td>93.1</td><td>93.1</td><td>.........</td><td>.4</td><td>3.3</td><td>3.3</td><td>-</td></tr><tr><td>November</td><td>1,548.7</td><td>+19.1</td><td>23.4</td><td>23.4</td><td>.........</td><td>.7</td><td>5.1</td><td>5.0</td><td>-</td></tr><tr><td>December</td><td>1,568.7</td><td>+20.0</td><td>24.1</td><td>24.1</td><td>.........</td><td>.8</td><td>4.8</td><td>4.8</td><td>-</td></tr><tr><td>1944-January</td><td>1,691.9</td><td>+123.2</td><td>126.8</td><td>68.7</td><td>58.1</td><td>1.1</td><td>4.8</td><td>4.7</td><td>-</td></tr><tr><td>February</td><td>1,843.7</td><td>+151.7</td><td>157.4</td><td>132.7</td><td>24.7</td><td>.6</td><td>6.3</td><td>5/</td><td>5/</td></tr><tr><td>March</td><td>1,860.6</td><td>+17.0</td><td>22.9</td><td>21.7</td><td>1.3</td><td>.7</td><td>6.6</td><td>5/</td><td>5/</td></tr><tr><td>April</td><td>1,875.8</td><td>+15.2</td><td>19.3</td><td>19.1</td><td>.2</td><td>.9</td><td>5.0</td><td>5/</td><td>5/</td></tr><tr><td>May</td><td>1,885.9</td><td>+10.0</td><td>15.3</td><td>14.6</td><td>.7</td><td>1.0</td><td>6.3</td><td>5/</td><td>5/</td></tr><tr><td colspan="10">Series III</td></tr><tr><td>1941</td><td>394.0</td><td>+394.0</td><td>394.6</td><td>394.6</td><td>.........</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>2,032.1</td><td>.........</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>2,759.5</td><td>.........</td><td>.........</td><td>54.5</td><td>54.5</td><td>.........</td></tr><tr><td>1943-May</td><td>4,982.0</td><td>+245.6</td><td>253.9</td><td>253.9</td><td>.........</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>144.1</td><td>.........</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>116.2</td><td>169.2</td><td>.........</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>112.4</td><td>.........</td><td>.........</td><td>7.4</td><td>7.4</td><td>.........</td></tr><tr><td>September</td><td>5,763.4</td><td>+378.4</td><td>387.4</td><td>387.4</td><td>.........</td><td>.........</td><td>9.0</td><td>9.0</td><td>.........</td></tr><tr><td>October</td><td>6,029.2</td><td>+265.8</td><td>274.9</td><td>274.9</td><td>.........</td><td>.........</td><td>9.1</td><td>9.1</td><td>.........</td></tr><tr><td>November</td><td>6,128.9</td><td>+99.7</td><td>109.4</td><td>109.4</td><td>.........</td><td>.........</td><td>9.7</td><td>9.7</td><td>.........</td></tr><tr><td>December</td><td>6,220.5</td><td>+91.6</td><td>101.4</td><td>101.4</td><td>.........</td><td>.........</td><td>9.8</td><td>9.8</td><td>.........</td></tr><tr><td>1944-January</td><td>6,694.9</td><td>+474.4</td><td>486.9</td><td>352.0</td><td>134.9</td><td>.........</td><td>12.6</td><td>12.6</td><td>.........</td></tr><tr><td>February</td><td>7,205.6</td><td>+510.7</td><td>521.7</td><td>465.9</td><td>55.8</td><td>.........</td><td>11.0</td><td>11.0</td><td>.........</td></tr><tr><td>March</td><td>7,302.4</td><td>+96.8</td><td>110.3</td><td>107.6</td><td>2.8</td><td>.........</td><td>13.5</td><td>13.5</td><td>.........</td></tr><tr><td>April</td><td>7,403.3</td><td>+100.8</td><td>113.5</td><td>112.2</td><td>1.3</td><td>.........</td><td>12.7</td><td>12.7</td><td>.........</td></tr><tr><td>May</td><td>7,498.7</td><td>+95.4</td><td>111.1</td><td>109.6</td><td>1.5</td><td>.........</td><td>15.7</td><td>15.7</td><td>.........</td></tr></table>
Source: Daily Treasury Statements.
* Less than $50,000.
1/ At current redemption values except Series C, which is stated at par. Unclassified sales shown in the Daily Treasury Statement have been classified by series.
2/ Estimated, except for Series C.
3/ 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; purchases 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 G 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; purchases 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 rates 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 G 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 through December 31, 1943 could be made by all investors except commercial banks. Commencing January 1, 1941, commercial banks holding savings deposits (as defined in Regulation Q of the Board of Governors of the Federal Reserve System) were permitted to purchase Series F and G bonds providing such combined purchases do not total more than $100,000 issue price in any one calendar year and providing that the total holdings of Series F and G bonds, 2-1/2 percent Treasury bonds of 1965-70, and 2-1/4 percent Treasury bonds of 1956-59 do not exceed 10 percent of savings deposits. For further details concerning redemption values and investment yields, see "Treasury Bulletin" for August 1943, page 4. Prior to April 1, 1940, commercial banks were permitted to purchase savings bonds on the same terms as other investors. It is estimated that such purchases aggregated about $300 millions. Not yet available.
June 1944
35
Sales of United States Savings Bonds - (Continued) Table 2.- Total Sales by Series, Classified by Denominations
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="7">Sales in millions of dollars at issue price</th><th colspan="7">Percentage distribution of sales</th></tr><tr><th>Total all denominations</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 denominations</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="17">Series I</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 2/</td><td>3,526.3</td><td>615.6</td><td>341.5</td><td>812.7</td><td>636.9</td><td>1,119.5</td><td>.....</td><td>.....</td><td>100.0</td><td>17.5</td><td>9.7</td><td>23.0</td><td>18.1</td><td>31.7</td><td>.....</td><td>.....</td></tr><tr><td>1943</td><td>8,271.7</td><td>2,988.2</td><td>1,081.0</td><td>1,713.8</td><td>1,007.3</td><td>1,481.0</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>1943-May</td><td>995.2</td><td>324.6</td><td>126.4</td><td>214.2</td><td>138.5</td><td>191.6</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>696.2</td><td>299.3</td><td>102.9</td><td>133.2</td><td>66.9</td><td>93.8</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>682.9</td><td>290.3</td><td>99.2</td><td>129.2</td><td>67.2</td><td>96.9</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</td><td>661.2</td><td>290.8</td><td>102.1</td><td>125.6</td><td>60.1</td><td>82.6</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>September</td><td>1,400.2</td><td>376.5</td><td>158.8</td><td>340.1</td><td>220.5</td><td>304.1</td><td>.....</td><td>.....</td><td>100.0</td><td>26.9</td><td>11.3</td><td>24.3</td><td>15.8</td><td>21.7</td><td>.....</td><td>.....</td></tr><tr><td>October</td><td>1,340.1</td><td>394.3</td><td>173.7</td><td>334.9</td><td>190.3</td><td>246.9</td><td>.....</td><td>.....</td><td>100.0</td><td>29.4</td><td>13.0</td><td>25.0</td><td>14.2</td><td>18.4</td><td>.....</td><td>.....</td></tr><tr><td>November</td><td>665.3</td><td>303.0</td><td>108.3</td><td>127.3</td><td>54.2</td><td>72.4</td><td>.....</td><td>.....</td><td>100.0</td><td>45.6</td><td>16.3</td><td>19.1</td><td>8.1</td><td>10.9</td><td>.....</td><td>.....</td></tr><tr><td>December</td><td>727.6</td><td>328.7</td><td>117.4</td><td>140.1</td><td>60.4</td><td>81.0</td><td>.....</td><td>.....</td><td>100.0</td><td>45.2</td><td>16.1</td><td>19.3</td><td>8.3</td><td>11.1</td><td>.....</td><td>.....</td></tr><tr><td>1944-January</td><td>1,084.6</td><td>342.9</td><td>140.8</td><td>224.6</td><td>135.2</td><td>241.1</td><td>.....</td><td>.....</td><td>100.0</td><td>31.6</td><td>13.0</td><td>20.7</td><td>12.5</td><td>22.2</td><td>.....</td><td>.....</td></tr><tr><td>February</td><td>2,102.3</td><td>548.9</td><td>247.5</td><td>508.7</td><td>312.0</td><td>485.3</td><td>.....</td><td>.....</td><td>100.0</td><td>26.1</td><td>11.8</td><td>24.2</td><td>14.8</td><td>23.1</td><td>.....</td><td>.....</td></tr><tr><td>March</td><td>575.8</td><td>274.3</td><td>102.9</td><td>125.3</td><td>29.7</td><td>43.6</td><td>.....</td><td>.....</td><td>100.0</td><td>47.6</td><td>17.9</td><td>21.7</td><td>5.2</td><td>7.6</td><td>.....</td><td>.....</td></tr><tr><td>April</td><td>605.7</td><td>291.3</td><td>106.7</td><td>107.6</td><td>40.3</td><td>59.9</td><td>.....</td><td>.....</td><td>100.0</td><td>48.1</td><td>17.6</td><td>17.7</td><td>6.7</td><td>9.9</td><td>.....</td><td>.....</td></tr><tr><td>May</td><td>624.3</td><td>305.9</td><td>110.8</td><td>111.2</td><td>39.9</td><td>56.4</td><td>.....</td><td>.....</td><td>100.0</td><td>49.0</td><td>17.8</td><td>17.8</td><td>6.4</td><td>9.0</td><td>.....</td><td>.....</td></tr><tr><td colspan="17">Series II</td></tr><tr><td>1941 1/</td><td>66.7</td><td>.....</td><td>.....</td><td>.....</td><td>2.0</td><td>13.2</td><td>12.3</td><td>38.3</td><td>100.0</td><td>.....</td><td>.....</td><td>1.3</td><td>3.1</td><td>19.8</td><td>18.4</td><td>57.4</td></tr><tr><td>1942 2/</td><td>434.9</td><td>1.3</td><td>.....</td><td>19.6</td><td>27.5</td><td>123.6</td><td>91.1</td><td>171.1</td><td>100.0</td><td>.3</td><td>.....</td><td>4.5</td><td>6.3</td><td>28.4</td><td>21.1</td><td>39.4</td></tr><tr><td>1943</td><td>757.9</td><td>4.0</td><td>.....</td><td>24.8</td><td>40.6</td><td>210.1</td><td>170.2</td><td>308.3</td><td>100.0</td><td>.5</td><td>.....</td><td>3.3</td><td>5.4</td><td>27.7</td><td>22.4</td><td>40.7</td></tr><tr><td>1943-May</td><td>85.9</td><td>.7</td><td>.....</td><td>3.4</td><td>5.6</td><td>27.7</td><td>20.5</td><td>27.9</td><td>100.0</td><td>.6</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>35.1</td><td>.4</td><td>.....</td><td>1.5</td><td>2.2</td><td>11.2</td><td>9.0</td><td>10.9</td><td>100.0</td><td>1.1</td><td>.....</td><td>4.2</td><td>6.3</td><td>31.9</td><td>25.6</td><td>30.9</td></tr><tr><td>July</td><td>37.6</td><td>.3</td><td>.....</td><td>1.3</td><td>2.3</td><td>12.1</td><td>9.0</td><td>12.7</td><td>100.0</td><td>.7</td><td>.....</td><td>3.4</td><td>6.2</td><td>32.2</td><td>23.8</td><td>33.7</td></tr><tr><td>August</td><td>28.1</td><td>.2</td><td>.....</td><td>1.1</td><td>2.0</td><td>9.8</td><td>6.5</td><td>8.5</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>September</td><td>139.0</td><td>.6</td><td>.....</td><td>3.7</td><td>7.5</td><td>46.2</td><td>36.2</td><td>44.8</td><td>100.0</td><td>.4</td><td>.....</td><td>2.7</td><td>5.4</td><td>33.3</td><td>26.0</td><td>32.2</td></tr><tr><td>October</td><td>93.1</td><td>.8</td><td>.....</td><td>3.9</td><td>6.4</td><td>30.7</td><td>19.5</td><td>31.7</td><td>100.0</td><td>.9</td><td>.....</td><td>4.2</td><td>6.8</td><td>33.0</td><td>21.0</td><td>34.1</td></tr><tr><td>November</td><td>23.4</td><td>.3</td><td>.....</td><td>1.7</td><td>1.8</td><td>8.7</td><td>4.9</td><td>6.5</td><td>100.0</td><td>1.3</td><td>.....</td><td>5.3</td><td>7.8</td><td>37.1</td><td>21.0</td><td>27.5</td></tr><tr><td>December</td><td>24.1</td><td>.3</td><td>.....</td><td>1.3</td><td>1.8</td><td>8.5</td><td>5.0</td><td>7.2</td><td>100.0</td><td>1.4</td><td>.....</td><td>5.2</td><td>7.5</td><td>35.2</td><td>21.0</td><td>29.7</td></tr><tr><td>1944-January</td><td>126.8</td><td>.4</td><td>.....</td><td>2.0</td><td>3.3</td><td>17.8</td><td>17.7</td><td>85.6</td><td>100.0</td><td>.3</td><td>.....</td><td>1.6</td><td>2.6</td><td>14.1</td><td>13.9</td><td>67.5</td></tr><tr><td>February</td><td>157.4</td><td>1.1</td><td>.....</td><td>4.7</td><td>7.1</td><td>33.6</td><td>28.3</td><td>82.5</td><td>100.0</td><td>.7</td><td>.....</td><td>3.0</td><td>4.5</td><td>21.4</td><td>18.0</td><td>52.4</td></tr><tr><td>March</td><td>22.9</td><td>.3</td><td>.....</td><td>1.1</td><td>1.5</td><td>6.6</td><td>4.5</td><td>8.9</td><td>100.0</td><td>1.5</td><td>.....</td><td>5.0</td><td>6.4</td><td>28.8</td><td>19.6</td><td>38.7</td></tr><tr><td>April</td><td>19.3</td><td>.3</td><td>.....</td><td>.9</td><td>1.2</td><td>6.1</td><td>3.9</td><td>6.9</td><td>100.0</td><td>1.4</td><td>.....</td><td>4.6</td><td>6.2</td><td>31.5</td><td>20.4</td><td>35.9</td></tr><tr><td>May</td><td>15.3</td><td>.2</td><td>.....</td><td>.8</td><td>1.0</td><td>4.7</td><td>3.0</td><td>5.5</td><td>100.0</td><td>1.6</td><td>.....</td><td>5.3</td><td>6.8</td><td>30.6</td><td>19.6</td><td>36.1</td></tr><tr><td colspan="17">Series III</td></tr><tr><td>1941 1/</td><td>394.6</td><td>.....</td><td>.....</td><td>.....</td><td>4.8</td><td>11.2</td><td>82.4</td><td>71.8</td><td>224.3</td><td>100.0</td><td>.....</td><td>1.2</td><td>2.8</td><td>20.9</td><td>18.2</td><td>56.9</td></tr><tr><td>1942</td><td>2,032.1</td><td>.....</td><td>.....</td><td>.....</td><td>50.9</td><td>113.0</td><td>578.1</td><td>406.2</td><td>883.8</td><td>100.0</td><td>.....</td><td>2.5</td><td>5.6</td><td>28.4</td><td>20.0</td><td>47.5</td></tr><tr><td>1943</td><td>2,759.5</td><td>.....</td><td>.....</td><td>.....</td><td>81.5</td><td>188.7</td><td>805.7</td><td>526.3</td><td>1,157.3</td><td>100.0</td><td>.....</td><td>3.0</td><td>6.8</td><td>29.2</td><td>19.1</td><td>41.9</td></tr><tr><td>1943-May</td><td>253.9</td><td>.....</td><td>.....</td><td>.....</td><td>11.0</td><td>24.9</td><td>91.4</td><td>51.3</td><td>75.2</td><td>100.0</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>144.1</td><td>.....</td><td>.....</td><td>.....</td><td>5.1</td><td>12.2</td><td>50.1</td><td>30.5</td><td>46.2</td><td>100.0</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>169.2</td><td>.....</td><td>.....</td><td>.....</td><td>5.6</td><td>14.8</td><td>62.9</td><td>36.3</td><td>49.6</td><td>100.0</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</td><td>112.4</td><td>.....</td><td>.....</td><td>.....</td><td>4.6</td><td>10.5</td><td>42.5</td><td>23.5</td><td>31.3</td><td>100.0</td><td>.....</td><td>4.1</td><td>9.3</td><td>37.8</td><td>20.9</td><td>27.9</td></tr><tr><td>September</td><td>387.4</td><td>.....</td><td>.....</td><td>.....</td><td>17.3</td><td>38.7</td><td>149.9</td><td>85.8</td><td>95.6</td><td>100.0</td><td>.....</td><td>4.5</td><td>10.0</td><td>38.7</td><td>22.1</td><td>24.7</td></tr><tr><td>October</td><td>274.9</td><td>.....</td><td>.....</td><td>.....</td><td>15.0</td><td>30.3</td><td>107.4</td><td>54.0</td><td>68.2</td><td>100.0</td><td>.....</td><td>5.5</td><td>11.0</td><td>39.1</td><td>19.6</td><td>24.8</td></tr><tr><td>November</td><td>109.4</td><td>.....</td><td>.....</td><td>.....</td><td>4.7</td><td>11.1</td><td>44.3</td><td>20.9</td><td>28.4</td><td>100.0</td><td>.....</td><td>4.7</td><td>10.1</td><td>40.5</td><td>19.1</td><td>26.0</td></tr><tr><td>December</td><td>101.4</td><td>.....</td><td>.....</td><td>.....</td><td>4.8</td><td>10.0</td><td>40.0</td><td>19.7</td><td>26.9</td><td>100.0</td><td>.....</td><td>4.7</td><td>9.9</td><td>39.5</td><td>19.4</td><td>26.5</td></tr><tr><td>1944-January</td><td>486.9</td><td>.....</td><td>.....</td><td>.....</td><td>11.0</td><td>28.0</td><td>99.8</td><td>62.8</td><td>285.4</td><td>100.0</td><td>.....</td><td>2.3</td><td>5.7</td><td>20.5</td><td>12.9</td><td>58.6</td></tr><tr><td>February</td><td>521.7</td><td>.....</td><td>.....</td><td>.....</td><td>19.5</td><td>42.5</td><td>144.6</td><td>82.7</td><td>232.4</td><td>100.0</td><td>.....</td><td>3.7</td><td>8.2</td><td>27.7</td><td>15.8</td><td>44.6</td></tr><tr><td>March</td><td>110.3</td><td>.....</td><td>.....</td><td>.....</td><td>4.0</td><td>9.5</td><td>38.3</td><td>20.9</td><td>37.6</td><td>100.0</td><td>.....</td><td>3.6</td><td>8.6</td><td>34.7</td><td>19.0</td><td>34.1</td></tr><tr><td>April</td><td>113.5</td><td>.....</td><td>.....</td><td>.....</td><td>4.0</td><td>10.3</td><td>41.5</td><td>21.8</td><td>36.0</td><td>100.0</td><td>.....</td><td>3.5</td><td>9.1</td><td>36.5</td><td>19.2</td><td>31.7</td></tr><tr><td>May</td><td>111.1</td><td>.....</td><td>.....</td><td>.....</td><td>4.0</td><td>10.0</td><td>42.7</td><td>21.9</td><td>32.5</td><td>100.0</td><td>.....</td><td>3.6</td><td>9.0</td><td>38.4</td><td>19.7</td><td>29.3</td></tr></table>
Source: (1) Total sales: Daily Treasury Statements; (2) Figures by denominations are estimated on the basis of reports received by the Treasury.
1/ Sales of Series I, F, and G bonds commenced May 1, 1941.
2/ Sale of $25 denominations Series F bonds began in January 1942.
36
Treasury Bulletin
Sales of United States Savings Bonds - (Continued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
PART A - SERIES E
(In thousands of dollars at issue price)
<table><tr><th>State</th><th colspan="2">Fiscal year</th><th colspan="8">1943</th><th colspan="8">1944</th></tr><tr><th></th><th>1942</th><th>1943</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>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th></tr><tr><td>Alabama</td><td>28,996</td><td>91,272</td><td>11,106</td><td>6,191</td><td>7,728</td><td>6,395</td><td>15,600</td><td>17,171</td><td>7,449</td><td>7,331</td><td>11,648</td><td>30,599</td><td>5,699</td><td>7,111</td><td>8,107</td></tr><tr><td>Arizona</td><td>10,113</td><td>27,846</td><td>3,760</td><td>2,233</td><td>2,450</td><td>2,174</td><td>5,100</td><td>5,234</td><td>2,092</td><td>2,012</td><td>3,822</td><td>8,746</td><td>2,075</td><td>2,098</td><td>2,096</td></tr><tr><td>Arkansas</td><td>21,404</td><td>52,764</td><td>5,743</td><td>3,609</td><td>3,431</td><td>3,547</td><td>9,800</td><td>8,817</td><td>3,675</td><td>3,903</td><td>8,405</td><td>14,017</td><td>2,879</td><td>3,037</td><td>3,718</td></tr><tr><td>California</td><td>260,592</td><td>638,877</td><td>82,735</td><td>59,222</td><td>62,525</td><td>61,392</td><td>88,400</td><td>123,724</td><td>56,049</td><td>56,999</td><td>86,635</td><td>182,940</td><td>45,970</td><td>55,636</td><td>53,933</td></tr><tr><td>Colorado</td><td>24,845</td><td>62,132</td><td>7,517</td><td>4,113</td><td>4,911</td><td>4,136</td><td>11,300</td><td>12,427</td><td>5,028</td><td>5,121</td><td>7,698</td><td>17,460</td><td>3,864</td><td>3,914</td><td>4,357</td></tr><tr><td>Connecticut</td><td>77,543</td><td>168,258</td><td>17,866</td><td>14,473</td><td>12,941</td><td>12,105</td><td>21,500</td><td>26,163</td><td>13,300</td><td>14,557</td><td>19,502</td><td>41,593</td><td>10,620</td><td>12,408</td><td>13,097</td></tr><tr><td>Delaware</td><td>7,629</td><td>21,824</td><td>2,236</td><td>1,692</td><td>1,524</td><td>1,596</td><td>3,500</td><td>3,155</td><td>1,563</td><td>1,802</td><td>2,739</td><td>4,205</td><td>1,574</td><td>1,383</td><td>1,391</td></tr><tr><td>Dist. of Columbia</td><td>34,827</td><td>83,143</td><td>10,870</td><td>8,314</td><td>9,609</td><td>8,856</td><td>10,400</td><td>17,113</td><td>11,049</td><td>8,516</td><td>11,419</td><td>23,069</td><td>5,483</td><td>7,694</td><td>7,871</td></tr><tr><td>Florida</td><td>39,565</td><td>89,496</td><td>11,401</td><td>8,047</td><td>8,702</td><td>8,268</td><td>13,000</td><td>18,361</td><td>6,699</td><td>8,067</td><td>11,237</td><td>29,446</td><td>8,127</td><td>7,856</td><td>8,526</td></tr><tr><td>Georgia</td><td>35,642</td><td>94,524</td><td>10,256</td><td>7,486</td><td>7,670</td><td>7,534</td><td>14,900</td><td>18,849</td><td>8,666</td><td>9,051</td><td>11,850</td><td>29,947</td><td>6,952</td><td>7,880</td><td>8,403</td></tr><tr><td>Idaho</td><td>9,840</td><td>27,845</td><td>3,438</td><td>1,751</td><td>1,749</td><td>1,497</td><td>4,500</td><td>6,296</td><td>1,643</td><td>1,979</td><td>3,979</td><td>8,957</td><td>1,124</td><td>1,411</td><td>1,935</td></tr><tr><td>Illinois</td><td>282,055</td><td>575,056</td><td>62,606</td><td>44,265</td><td>47,266</td><td>43,125</td><td>77,800</td><td>84,909</td><td>45,479</td><td>50,733</td><td>52,791</td><td>150,461</td><td>40,050</td><td>43,782</td><td>42,340</td></tr><tr><td>Indiana</td><td>76,661</td><td>213,813</td><td>23,801</td><td>17,472</td><td>19,879</td><td>18,653</td><td>34,900</td><td>35,666</td><td>18,793</td><td>21,585</td><td>21,884</td><td>58,283</td><td>15,538</td><td>19,232</td><td>19,661</td></tr><tr><td>Iowa</td><td>69,558</td><td>176,508</td><td>17,815</td><td>12,455</td><td>13,964</td><td>12,402</td><td>35,900</td><td>33,051</td><td>10,570</td><td>12,427</td><td>18,508</td><td>63,579</td><td>9,538</td><td>9,773</td><td>8,877</td></tr><tr><td>Kansas</td><td>35,310</td><td>106,190</td><td>13,827</td><td>7,604</td><td>7,435</td><td>7,602</td><td>20,800</td><td>21,497</td><td>7,447</td><td>7,015</td><td>14,457</td><td>36,095</td><td>7,257</td><td>6,646</td><td>7,202</td></tr><tr><td>Kentucky</td><td>34,293</td><td>87,607</td><td>10,130</td><td>6,606</td><td>7,282</td><td>7,279</td><td>15,000</td><td>16,501</td><td>5,854</td><td>8,060</td><td>10,321</td><td>26,856</td><td>5,089</td><td>6,532</td><td>6,885</td></tr><tr><td>Louisiana</td><td>36,800</td><td>94,910</td><td>12,423</td><td>7,234</td><td>7,847</td><td>7,732</td><td>18,800</td><td>17,438</td><td>7,269</td><td>7,351</td><td>12,687</td><td>25,213</td><td>6,896</td><td>7,657</td><td>8,014</td></tr><tr><td>Maine</td><td>17,746</td><td>37,361</td><td>4,193</td><td>2,874</td><td>2,672</td><td>2,710</td><td>5,500</td><td>8,325</td><td>3,595</td><td>2,814</td><td>4,761</td><td>11,530</td><td>2,545</td><td>2,418</td><td>3,029</td></tr><tr><td>Maryland</td><td>49,009</td><td>108,604</td><td>12,911</td><td>10,923</td><td>9,186</td><td>8,332</td><td>16,200</td><td>17,427</td><td>9,015</td><td>11,250</td><td>13,575</td><td>25,983</td><td>7,289</td><td>8,634</td><td>9,045</td></tr><tr><td>Massachusetts</td><td>141,217</td><td>280,091</td><td>30,745</td><td>24,718</td><td>23,653</td><td>23,346</td><td>35,600</td><td>52,616</td><td>23,467</td><td>21,771</td><td>35,929</td><td>76,948</td><td>15,692</td><td>20,881</td><td>23,246</td></tr><tr><td>Michigan</td><td>160,150</td><td>481,637</td><td>55,513</td><td>40,537</td><td>39,446</td><td>37,538</td><td>75,100</td><td>96,003</td><td>40,469</td><td>40,940</td><td>52,215</td><td>131,400</td><td>33,961</td><td>33,122</td><td>33,829</td></tr><tr><td>Minnesota</td><td>71,181</td><td>179,108</td><td>21,235</td><td>11,595</td><td>12,222</td><td>10,057</td><td>39,600</td><td>29,645</td><td>12,095</td><td>12,041</td><td>28,795</td><td>43,513</td><td>10,170</td><td>9,592</td><td>10,039</td></tr><tr><td>Miesesepi</td><td>22,973</td><td>52,870</td><td>5,503</td><td>3,184</td><td>3,252</td><td>3,249</td><td>14,100</td><td>9,158</td><td>3,153</td><td>3,571</td><td>9,381</td><td>18,751</td><td>2,807</td><td>3,087</td><td>3,137</td></tr><tr><td>Missouri</td><td>94,800</td><td>195,868</td><td>24,831</td><td>16,675</td><td>15,139</td><td>14,112</td><td>35,100</td><td>34,336</td><td>15,536</td><td>16,519</td><td>26,617</td><td>52,048</td><td>12,043</td><td>12,334</td><td>14,751</td></tr><tr><td>Montana</td><td>17,710</td><td>39,432</td><td>3,359</td><td>2,361</td><td>2,189</td><td>1,884</td><td>9,200</td><td>7,090</td><td>2,046</td><td>2,199</td><td>6,505</td><td>10,567</td><td>1,689</td><td>2,121</td><td>1,912</td></tr><tr><td>Nebraska</td><td>26,045</td><td>72,211</td><td>10,913</td><td>4,907</td><td>5,832</td><td>5,728</td><td>13,300</td><td>22,315</td><td>5,050</td><td>5,281</td><td>10,870</td><td>28,807</td><td>4,706</td><td>5,345</td><td>4,747</td></tr><tr><td>Nevada</td><td>4,340</td><td>11,466</td><td>1,612</td><td>748</td><td>783</td><td>576</td><td>1,800</td><td>1,495</td><td>693</td><td>639</td><td>1,408</td><td>2,994</td><td>567</td><td>563</td><td>627</td></tr><tr><td>New Hampshire</td><td>11,760</td><td>25,787</td><td>2,806</td><td>1,978</td><td>1,960</td><td>2,211</td><td>2,800</td><td>5,018</td><td>2,012</td><td>1,764</td><td>2,656</td><td>7,195</td><td>1,025</td><td>1,440</td><td>1,623</td></tr><tr><td>New Jersey</td><td>160,538</td><td>303,807</td><td>36,902</td><td>25,394</td><td>26,549</td><td>23,246</td><td>40,300</td><td>49,899</td><td>24,314</td><td>28,307</td><td>34,571</td><td>75,393</td><td>21,497</td><td>23,426</td><td>23,752</td></tr><tr><td>New Mexico</td><td>6,978</td><td>17,284</td><td>2,036</td><td>1,251</td><td>1,350</td><td>1,273</td><td>3,500</td><td>3,523</td><td>1,336</td><td>1,465</td><td>2,555</td><td>6,044</td><td>1,225</td><td>1,300</td><td>1,092</td></tr><tr><td>New York</td><td>587,249</td><td>991,988</td><td>114,815</td><td>74,108</td><td>80,838</td><td>69,363</td><td>135,100</td><td>158,407</td><td>65,537</td><td>84,614</td><td>121,785</td><td>242,271</td><td>68,902</td><td>67,927</td><td>67,337</td></tr><tr><td>North Carolina</td><td>42,297</td><td>117,869</td><td>10,948</td><td>8,205</td><td>8,166</td><td>7,913</td><td>18,200</td><td>18,751</td><td>8,138</td><td>8,968</td><td>14,925</td><td>30,398</td><td>5,526</td><td>7,157</td><td>7,281</td></tr><tr><td>North Dakota</td><td>11,394</td><td>34,349</td><td>2,977</td><td>1,651</td><td>1,947</td><td>1,542</td><td>8,300</td><td>9,325</td><td>2,656</td><td>2,170</td><td>8,635</td><td>11,317</td><td>1,461</td><td>1,434</td><td>1,468</td></tr><tr><td>Ohio</td><td>190,262</td><td>506,364</td><td>63,682</td><td>40,648</td><td>43,641</td><td>43,564</td><td>72,900</td><td>85,682</td><td>44,309</td><td>52,654</td><td>60,766</td><td>116,942</td><td>39,378</td><td>39,912</td><td>43,338</td></tr><tr><td>Oklahoma</td><td>34,482</td><td>82,143</td><td>9,518</td><td>5,478</td><td>6,439</td><td>6,385</td><td>15,600</td><td>18,575</td><td>6,608</td><td>7,672</td><td>12,867</td><td>28,783</td><td>5,402</td><td>5,395</td><td>5,987</td></tr><tr><td>Oregon</td><td>37,394</td><td>107,674</td><td>15,473</td><td>10,091</td><td>9,983</td><td>9,239</td><td>15,600</td><td>24,864</td><td>9,283</td><td>9,286</td><td>14,481</td><td>29,055</td><td>6,806</td><td>7,643</td><td>6,940</td></tr><tr><td>Pennsylvania</td><td>283,782</td><td>626,051</td><td>73,336</td><td>53,269</td><td>51,730</td><td>50,266</td><td>92,400</td><td>102,520</td><td>52,523</td><td>56,156</td><td>76,495</td><td>147,646</td><td>45,018</td><td>44,805</td><td>46,402</td></tr><tr><td>Rhode Island</td><td>24,293</td><td>53,748</td><td>6,405</td><td>4,016</td><td>3,763</td><td>3,760</td><td>6,200</td><td>8,164</td><td>3,506</td><td>3,698</td><td>5,499</td><td>11,198</td><td>2,264</td><td>3,460</td><td>3,554</td></tr><tr><td>South Carolina</td><td>18,782</td><td>53,401</td><td>6,073</td><td>4,015</td><td>4,554</td><td>4,536</td><td>8,800</td><td>10,170</td><td>4,231</td><td>4,217</td><td>6,621</td><td>14,417</td><td>2,899</td><td>3,763</td><td>3,938</td></tr><tr><td>South Dakota</td><td>11,783</td><td>33,171</td><td>3,136</td><td>1,960</td><td>2,231</td><td>1,713</td><td>9,200</td><td>7,212</td><td>2,008</td><td>1,962</td><td>7,184</td><td>10,099</td><td>1,589</td><td>1,625</td><td>1,604</td></tr><tr><td>Tennessee</td><td>36,734</td><td>100,530</td><td>11,008</td><td>7,708</td><td>7,689</td><td>7,821</td><td>16,600</td><td>21,149</td><td>7,365</td><td>7,991</td><td>13,782</td><td>26,586</td><td>8,944</td><td>7,533</td><td>7,982</td></tr><tr><td>Texas</td><td>126,056</td><td>306,265</td><td>37,823</td><td>24,848</td><td>25,653</td><td>22,334</td><td>65,200</td><td>59,784</td><td>23,792</td><td>26,190</td><td>39,487</td><td>105,358</td><td>20,696</td><td>22,255</td><td>20,791</td></tr><tr><td>Utah</td><td>9,919</td><td>33,242</td><td>4,521</td><td>2,992</td><td>3,136</td><td>3,572</td><td>5,500</td><td>8,574</td><td>3,194</td><td>3,522</td><td>4,835</td><td>11,042</td><td>1,604</td><td>2,655</td><td>2,516</td></tr><tr><td>Vermont</td><td>7,550</td><td>14,175</td><td>1,850</td><td>1,089</td><td>1,100</td><td>1,034</td><td>2,000</td><td>2,844</td><td>1,040</td><td>862</td><td>1,641</td><td>4,021</td><td>645</td><td>766</td><td>918</td></tr><tr><td>Virginia</td><td>56,272</td><td>145,459</td><td>16,333</td><td>11,910</td><td>11,186</td><td>12,126</td><td>17,600</td><td>23,557</td><td>11,090</td><td>13,534</td><td>17,862</td><td>36,471</td><td>7,118</td><td>9,828</td><td>10,264</td></tr><tr><td>Washington</td><td>57,962</td><td>163,924</td><td>21,738</td><td>14,319</td><td>15,782</td><td>15,483</td><td>22,400</td><td>36,041</td><td>15,333</td><td>17,085</td><td>23,860</td><td>45,193</td><td>11,280</td><td>13,894</td><td>13,799</td></tr><tr><td>West Virginia</td><td>27,642</td><td>64,583</td><td>7,151</td><td>5,090</td><td>5,374</td><td>5,494</td><td>9,100</td><td>10,005</td><td>5,234</td><td>6,308</td><td>8,760</td><td>16,958</td><td>4,409</td><td>4,989</td><td>5,977</td></tr><tr><td>Wisconsin</td><td>77,668</td><td>172,650</td><td>19,657</td><td>12,986</td><td>14,847</td><td>11,890</td><td>28,500</td><td>35,524</td><
(Continued on following page)
June 1944
37
Sales of United States Savings Bonds - (Continued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States - (Continued)
PART B - SERIES F AND G COMBINED
(In thousands of dollars at issue price)
<table><tr><th rowspan="2">State</th><th colspan="2">Fiscal year</th><th colspan="7">1943</th><th colspan="7">1944</th></tr><tr><th>1942</th><th>1943</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>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th></tr><tr><td>Alabama</td><td>13,099</td><td>32,007</td><td>1,396</td><td>1,251</td><td>1,539</td><td>912</td><td>6,700</td><td>3,607</td><td>666</td><td>1,095</td><td>3,399</td><td>5,829</td><td>887</td><td>826</td><td>846</td></tr><tr><td>Arizona</td><td>4,232</td><td>8,421</td><td>909</td><td>440</td><td>532</td><td>405</td><td>1,800</td><td>772</td><td>249</td><td>370</td><td>755</td><td>1,928</td><td>423</td><td>437</td><td>282</td></tr><tr><td>Arkansas</td><td>13,738</td><td>16,578</td><td>854</td><td>779</td><td>1,082</td><td>942</td><td>4,400</td><td>1,398</td><td>443</td><td>385</td><td>2,434</td><td>2,442</td><td>600</td><td>694</td><td>471</td></tr><tr><td>California</td><td>140,602</td><td>224,115</td><td>23,001</td><td>12,196</td><td>19,915</td><td>16,099</td><td>40,200</td><td>24,964</td><td>11,765</td><td>9,257</td><td>33,408</td><td>43,548</td><td>9,868</td><td>8,887</td><td>8,823</td></tr><tr><td>Colorado</td><td>18,302</td><td>29,746</td><td>3,485</td><td>1,632</td><td>1,488</td><td>977</td><td>6,100</td><td>2,914</td><td>979</td><td>1,039</td><td>3,709</td><td>5,406</td><td>1,276</td><td>1,274</td><td>1,231</td></tr><tr><td>Connecticut</td><td>59,894</td><td>81,128</td><td>11,496</td><td>3,996</td><td>2,575</td><td>4,012</td><td>7,100</td><td>7,034</td><td>3,367</td><td>2,462</td><td>11,411</td><td>11,494</td><td>2,459</td><td>2,215</td><td>2,500</td></tr><tr><td>Delaware</td><td>11,910</td><td>12,326</td><td>816</td><td>918</td><td>1,063</td><td>410</td><td>1,400</td><td>1,020</td><td>581</td><td>422</td><td>1,245</td><td>1,660</td><td>401</td><td>443</td><td>456</td></tr><tr><td>Dist. of Columbia</td><td>23,247</td><td>33,757</td><td>4,707</td><td>1,133</td><td>1,595</td><td>1,041</td><td>5,300</td><td>2,326</td><td>1,021</td><td>1,415</td><td>4,681</td><td>5,028</td><td>1,108</td><td>886</td><td>1,083</td></tr><tr><td>Florida</td><td>22,219</td><td>36,705</td><td>2,654</td><td>2,208</td><td>2,792</td><td>1,594</td><td>5,800</td><td>4,222</td><td>1,701</td><td>1,615</td><td>3,580</td><td>8,317</td><td>1,868</td><td>2,068</td><td>1,580</td></tr><tr><td>Georgia</td><td>17,982</td><td>37,831</td><td>1,734</td><td>1,961</td><td>3,170</td><td>1,518</td><td>6,700</td><td>4,390</td><td>2,325</td><td>1,916</td><td>3,509</td><td>8,723</td><td>1,230</td><td>1,506</td><td>1,427</td></tr><tr><td>Idaho</td><td>7,339</td><td>8,031</td><td>952</td><td>327</td><td>349</td><td>224</td><td>1,300</td><td>1,011</td><td>292</td><td>282</td><td>1,012</td><td>1,301</td><td>194</td><td>304</td><td>178</td></tr><tr><td>Illinois</td><td>202,041</td><td>272,112</td><td>23,584</td><td>13,045</td><td>15,256</td><td>10,068</td><td>30,700</td><td>28,524</td><td>10,535</td><td>5,332</td><td>25,797</td><td>47,407</td><td>13,542</td><td>10,605</td><td>10,752</td></tr><tr><td>Indiana</td><td>45,123</td><td>79,524</td><td>6,819</td><td>4,482</td><td>6,129</td><td>3,379</td><td>11,700</td><td>9,593</td><td>4,311</td><td>1,641</td><td>8,766</td><td>14,013</td><td>3,740</td><td>4,680</td><td>4,112</td></tr><tr><td>Iowa</td><td>30,676</td><td>71,432</td><td>6,610</td><td>4,327</td><td>5,031</td><td>3,360</td><td>13,800</td><td>26,443</td><td>3,002</td><td>1,560</td><td>10,030</td><td>15,471</td><td>5,541</td><td>4,260</td><td>3,615</td></tr><tr><td>Kansas</td><td>14,486</td><td>34,837</td><td>3,607</td><td>1,641</td><td>2,290</td><td>1,076</td><td>7,100</td><td>4,794</td><td>1,596</td><td>1,380</td><td>5,286</td><td>8,370</td><td>1,818</td><td>2,307</td><td>1,572</td></tr><tr><td>Kentucky</td><td>24,516</td><td>43,755</td><td>1,804</td><td>2,749</td><td>2,880</td><td>1,941</td><td>7,900</td><td>2,969</td><td>2,352</td><td>829</td><td>8,117</td><td>6,557</td><td>1,697</td><td>2,416</td><td>1,896</td></tr><tr><td>Louisiana</td><td>21,651</td><td>44,461</td><td>3,143</td><td>1,785</td><td>2,533</td><td>1,330</td><td>9,600</td><td>3,140</td><td>1,431</td><td>1,064</td><td>4,129</td><td>6,210</td><td>1,268</td><td>1,322</td><td>1,184</td></tr><tr><td>Maine</td><td>16,570</td><td>20,245</td><td>2,419</td><td>1,032</td><td>592</td><td>950</td><td>2,100</td><td>2,470</td><td>1,099</td><td>897</td><td>4,369</td><td>3,706</td><td>647</td><td>785</td><td>624</td></tr><tr><td>Maryland</td><td>40,093</td><td>54,252</td><td>4,209</td><td>2,638</td><td>3,025</td><td>1,940</td><td>8,900</td><td>3,626</td><td>2,612</td><td>2,762</td><td>7,325</td><td>8,378</td><td>2,335</td><td>1,828</td><td>2,738</td></tr><tr><td>Massachusetts</td><td>144,199</td><td>174,999</td><td>17,772</td><td>7,489</td><td>4,575</td><td>6,622</td><td>14,400</td><td>16,357</td><td>7,554</td><td>5,573</td><td>31,252</td><td>25,356</td><td>5,198</td><td>5,553</td><td>7,288</td></tr><tr><td>Michigan</td><td>65,040</td><td>106,363</td><td>7,734</td><td>5,090</td><td>5,110</td><td>4,290</td><td>20,800</td><td>11,792</td><td>4,300</td><td>3,362</td><td>11,217</td><td>20,249</td><td>1,781</td><td>3,454</td><td>4,332</td></tr><tr><td>Minnesota</td><td>49,069</td><td>69,692</td><td>7,599</td><td>3,240</td><td>3,699</td><td>1,847</td><td>12,400</td><td>7,306</td><td>2,286</td><td>2,267</td><td>10,550</td><td>11,952</td><td>2,234</td><td>2,720</td><td>2,663</td></tr><tr><td>Mississippi</td><td>10,061</td><td>21,812</td><td>1,351</td><td>845</td><td>1,093</td><td>515</td><td>5,900</td><td>1,399</td><td>660</td><td>546</td><td>3,304</td><td>3,625</td><td>541</td><td>532</td><td>380</td></tr><tr><td>Missouri</td><td>68,651</td><td>84,266</td><td>7,225</td><td>5,140</td><td>5,480</td><td>3,615</td><td>13,400</td><td>6,941</td><td>3,539</td><td>2,746</td><td>12,896</td><td>13,144</td><td>4,970</td><td>5,068</td><td>4,083</td></tr><tr><td>Montana</td><td>6,322</td><td>10,529</td><td>467</td><td>435</td><td>433</td><td>177</td><td>3,100</td><td>1,147</td><td>391</td><td>299</td><td>2,108</td><td>2,112</td><td>356</td><td>482</td><td>274</td></tr><tr><td>Nebraska</td><td>14,132</td><td>30,414</td><td>4,268</td><td>1,570</td><td>2,439</td><td>1,120</td><td>6,100</td><td>4,357</td><td>1,058</td><td>928</td><td>4,179</td><td>8,177</td><td>2,153</td><td>1,965</td><td>1,623</td></tr><tr><td>Nevada</td><td>2,349</td><td>4,441</td><td>437</td><td>182</td><td>184</td><td>228</td><td>900</td><td>198</td><td>69</td><td>80</td><td>518</td><td>750</td><td>190</td><td>45</td><td>56</td></tr><tr><td>New Hampshire</td><td>11,090</td><td>14,403</td><td>843</td><td>747</td><td>475</td><td>779</td><td>900</td><td>1,710</td><td>559</td><td>426</td><td>3,111</td><td>3,509</td><td>524</td><td>473</td><td>327</td></tr><tr><td>New Jersey</td><td>93,399</td><td>118,761</td><td>10,492</td><td>6,554</td><td>6,423</td><td>4,817</td><td>16,800</td><td>12,662</td><td>5,099</td><td>4,053</td><td>12,607</td><td>19,326</td><td>4,173</td><td>3,891</td><td>3,693</td></tr><tr><td>New Mexico</td><td>9,034</td><td>7,025</td><td>867</td><td>285</td><td>592</td><td>360</td><td>1,200</td><td>774</td><td>158</td><td>104</td><td>548</td><td>1,267</td><td>119</td><td>311</td><td>151</td></tr><tr><td>New York</td><td>580,433</td><td>627,986</td><td>43,532</td><td>28,466</td><td>28,753</td><td>18,972</td><td>75,000</td><td>48,354</td><td>15,735</td><td>17,924</td><td>68,129</td><td>96,018</td><td>19,585</td><td>17,629</td><td>13,960</td></tr><tr><td>North Carolina</td><td>26,074</td><td>44,654</td><td>4,221</td><td>2,226</td><td>2,651</td><td>1,526</td><td>9,000</td><td>3,093</td><td>1,693</td><td>1,532</td><td>6,050</td><td>5,911</td><td>1,580</td><td>1,739</td><td>1,603</td></tr><tr><td>North Dakota</td><td>7,515</td><td>10,937</td><td>1,168</td><td>444</td><td>494</td><td>511</td><td>2,400</td><td>1,575</td><td>645</td><td>427</td><td>1,926</td><td>2,754</td><td>477</td><td>537</td><td>341</td></tr><tr><td>Ohio</td><td>119,098</td><td>203,827</td><td>8,446</td><td>10,528</td><td>13,100</td><td>8,166</td><td>34,300</td><td>16,802</td><td>8,935</td><td>8,432</td><td>28,030</td><td>26,711</td><td>8,565</td><td>9,957</td><td>8,816</td></tr><tr><td>Oklahoma</td><td>16,587</td><td>25,095</td><td>2,689</td><td>1,231</td><td>1,718</td><td>880</td><td>5,100</td><td>3,264</td><td>851</td><td>1,423</td><td>3,195</td><td>3,771</td><td>722</td><td>884</td><td>611</td></tr><tr><td>Oregon</td><td>22,095</td><td>32,892</td><td>3,791</td><td>1,555</td><td>1,589</td><td>1,554</td><td>6,000</td><td>2,723</td><td>955</td><td>1,026</td><td>4,173</td><td>4,302</td><td>1,005</td><td>1,259</td><td>811</td></tr><tr><td>Pennsylvania</td><td>243,285</td><td>297,430</td><td>21,728</td><td>15,743</td><td>17,123</td><td>10,335</td><td>46,300</td><td>23,184</td><td>10,233</td><td>10,240</td><td>31,108</td><td>43,976</td><td>7,893</td><td>9,680</td><td>8,200</td></tr><tr><td>Rhode Island</td><td>28,064</td><td>30,424</td><td>2,213</td><td>1,358</td><td>800</td><td>1,362</td><td>2,300</td><td>2,450</td><td>1,078</td><td>656</td><td>3,036</td><td>3,337</td><td>1,476</td><td>1,012</td><td>804</td></tr><tr><td>South Carolina</td><td>9,459</td><td>21,712</td><td>2,209</td><td>1,478</td><td>1,359</td><td>696</td><td>4,200</td><td>2,105</td><td>1,034</td><td>724</td><td>3,046</td><td>3,298</td><td>930</td><td>960</td><td>571</td></tr><tr><td>South Dakota</td><td>3,077</td><td>10,416</td><td>1,146</td><td>394</td><td>607</td><td>302</td><td>2,400</td><td>1,693</td><td>514</td><td>314</td><td>1,350</td><td>2,271</td><td>529</td><td>533</td><td>523</td></tr><tr><td>Tennessee</td><td>18,481</td><td>39,140</td><td>1,420</td><td>2,461</td><td>2,770</td><td>1,541</td><td>7,300</td><td>3,860</td><td>1,556</td><td>1,834</td><td>4,745</td><td>6,048</td><td>1,352</td><td>1,604</td><td>1,510</td></tr><tr><td>Texas</td><td>54,196</td><td>110,993</td><td>9,533</td><td>5,172</td><td>6,133</td><td>3,436</td><td>26,500</td><td>10,104</td><td>2,850</td><td>3,955</td><td>13,201</td><td>23,242</td><td>3,489</td><td>2,696</td><td>2,374</td></tr><tr><td>Utah</td><td>5,019</td><td>7,474</td><td>653</td><td>347</td><td>644</td><td>448</td><td>1,900</td><td>651</td><td>280</td><td>287</td><td>1,277</td><td>1,032</td><td>198</td><td>317</td><td>127</td></tr><tr><td>Vermont</td><td>5,842</td><td>7,504</td><td>709</td><td>608</td><td>309</td><td>520</td><td>500</td><td>1,191</td><td>409</td><td>273</td><td>1,368</td><td>1,645</td><td>255</td><td>220</td><td>307</td></tr><tr><td>Virginia</td><td>28,014</td><td>53,701</td><td>5,263</td><td>2,960</td><td>3,140</td><td>1,925</td><td>11,100</td><td>3,119</td><td>2,297</td><td>2,957</td><td>7,200</td><td>7,588</td><td>1,267</td><td>1,648</td><td>1,937</td></tr><tr><td>Washington</td><td>25,898</td><td>49,753</td><td>6,144</td><td>2,928</td><td>3,154</td><td>2,291</td><td>11,000</td><td>6,017</td><td>1,831</td><td>2,130</td><td>7,269</td><td>9,324</td><td>2,055</td><td>2,126</td><td>1,698</td></tr><tr><td>West Virginia</td><td>11,780</td><td>17,905</td><td>1,367</td><td>843</td><td>1,284</td><td>698</td><td>3,300</td><td>1,638</td><td>985</td><td>1,054</td><td>2,203</td><td>2,668</td><td>866</td><td>966</td><td>1,142</td></tr><tr><td>Wisconsin</td><td>42,205</td><td>86,336</td><td>8,996</td><td>4,863</td><td>5,492</td><td>3,492</td><td>14,000</td><td>11,947</td><td>3,492</td><td>3,614</td><td>9,524</td><td>16,799</td><td>3,625</td><td>3,809</td><td>3,497</td></tr><tr><td>Wyoming</td><td>3,690</td><td>6,010</td><td>1,117</td><td>235</td><td>315</td><td>198</td><td>800</td><td>716</td><td>291</td><td>145</td><td>569</td><td>1,457</td><td>416</td><td>306</td><td>155</td></tr><tr><td>Alaska</td><td>736</td><td>1,297</td><td>152</td><td>156</td><td>65</td><td>84</td><td>100</td><td>163</td><td>72</td><td>141</td><td>195</td><td>112</td><td>181</td><td>56</td><td>16</td></tr><tr><td>Canal Zone</td><td>504</td><td>1,843</td><td>303</td><td>86</td><td>135</td><td>44</td><td>263</td><td>154</td><td>55</td><td>246</td><td>324</td><td>99</td><td>154</td><td>41</td><td>13</td></tr><tr><td>Hawaii</td><td>5,882</td><td>17,367</td><td>1,356</td><td>2,271</td><td>1,050</td><td>569</td><td>100</td><
Note: Commencing January 1, 1944, commercial banks holding savings deposits were permitted to purchase limited amounts of Series F and G bonds. Such purchases have been eliminated from the above table. For amounts of and limitations on such purchases, see Table 1. Source: (1) Total sales: Daily Treasury Statements; (2) Sales by States: Reports of gross sales.
Preliminary. Less than $500. Unallocated amounts for prior months included chiefly sales to the armed forces. Beginning in September 1943 these sales are allocated on a State basis. Included in "Unallocated".
38
Treasury Bulletin
Participation in Payroll Savings Plans for United States Savings Bonds
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="9">1943</th><th colspan="4">1944</th></tr><tr><th>1942</th><th>1943</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>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th></tr><tr><td>Total number of persons participating 2/, as of end of period indicated (in millions)........</td><td>3/</td><td>26.8</td><td>26.8</td><td>26.8</td><td>26.8</td><td>26.6</td><td>26.4</td><td>26.4</td><td>26.4</td><td>26.6</td><td>26.8</td><td>27.1</td><td>27.3</td><td>27.5</td><td>27.3</td></tr><tr><td>Total amount deducted (in millions of dollars)......</td><td>544 1/</td><td>4,067</td><td>415</td><td>425</td><td>415</td><td>420</td><td>413</td><td>435</td><td>455</td><td>440</td><td>470</td><td>475</td><td>465</td><td>490p</td><td>475p</td></tr><tr><td>Percent of participants' pay deducted</td><td>5.2% 1/</td><td>8.3%</td><td>9.0%</td><td>9.1%</td><td>9.0%</td><td>9.1%</td><td>9.0%</td><td>9.4%</td><td>9.3%</td><td>9.2%</td><td>9.5%</td><td>9.8%</td><td>9.6%</td><td>9.8%</td><td>9.7%</td></tr></table>
Preliminary. 1/ Estimates based on reports from a large number of participating organisations. 2/ Consists of participants in (1) private employment, (2) Federal, State, and local government employment (including their
3/ Not available. The number of participants exclusive of those in the armed forces approximated 16 millions in June 1942.
4/ Consists only of deductions from December 1941 through June 1942. Data on deductions prior to December 1941 are not available.
Sales of Treasury Savings Notes 1/
Table 1.- Summary of Sales and Redemptions, by Series
(Par values - 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 2/</th><th rowspan="2">Net change during fiscal year or month</th><th rowspan="2">Sales</th><th colspan="4">Redemptions and exchanges</th></tr><tr><th>Total</th><th>Received in payment of taxes</th><th>Redeemed for cash</th><th>Exchanged for new series</th></tr></table>
All series
<table><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>+1,480.9</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>1943-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>September</td><td>8,876.4</td><td>+1,112.1</td><td>2,260.0</td><td>1,147.9</td><td>1,111.9</td><td>36.0</td><td>......</td></tr><tr><td>October</td><td>9,132.9</td><td>+256.4</td><td>460.7</td><td>204.2</td><td>181.6</td><td>22.6</td><td>......</td></tr><tr><td>November</td><td>9,301.9</td><td>+169.0</td><td>330.2</td><td>161.2</td><td>121.9</td><td>39.3</td><td>......</td></tr><tr><td>December</td><td>8,599.3</td><td>-702.6</td><td>436.8</td><td>1,139.5</td><td>1,068.3</td><td>71.2</td><td>......</td></tr><tr><td>1944-January</td><td>9,502.9</td><td>+903.7</td><td>1,216.1</td><td>312.5</td><td>275.4</td><td>37.1</td><td>......</td></tr><tr><td>February</td><td>10,329.4</td><td>+826.5</td><td>1,017.1</td><td>190.6</td><td>144.7</td><td>45.9</td><td>......</td></tr><tr><td>March</td><td>9,169.7</td><td>-1,159.6</td><td>238.1</td><td>1,397.8</td><td>1,344.9</td><td>52.9</td><td>......</td></tr><tr><td>April</td><td>9,136.2</td><td>-33.6</td><td>299.7</td><td>333.3</td><td>293.8</td><td>39.5</td><td>......</td></tr><tr><td>May</td><td>9,087.6</td><td>-48.6</td><td>145.1</td><td>193.7</td><td>155.1</td><td>38.6</td><td>......</td></tr></table>
Series 1 3/
<table><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>1943-May.</td><td>302.7</td><td>+7.8</td><td>7.8</td><td>-*</td><td>-9</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>September.</td><td>207.3</td><td>-40.2</td><td>......</td><td>40.2</td><td>37.2</td><td>3.0</td><td>......</td></tr><tr><td>October.</td><td>200.2</td><td>-7.2</td><td>......</td><td>7.2</td><td>6.2</td><td>1.0</td><td>......</td></tr><tr><td>November.</td><td>198.3</td><td>-1.9</td><td>......</td><td>1.9</td><td>1.1</td><td>.8</td><td>......</td></tr><tr><td>December.</td><td>168.7</td><td>-29.6</td><td>......</td><td>29.6</td><td>27.8</td><td>1.8</td><td>......</td></tr><tr><td>1944-January.</td><td>160.2</td><td>-8.5</td><td>......</td><td>8.5</td><td>6.8</td><td>1.7</td><td>......</td></tr><tr><td>February.</td><td>156.7</td><td>-3.5</td><td>......</td><td>3.5</td><td>2.2</td><td>1.3</td><td>......</td></tr><tr><td>March.</td><td>137.2</td><td>-19.5</td><td>......</td><td>19.5</td><td>17.9</td><td>1.6</td><td>......</td></tr><tr><td>April.</td><td>125.2</td><td>-12.0</td><td>......</td><td>12.0</td><td>11.0</td><td>1.0</td><td>......</td></tr><tr><td>May.</td><td>122.1</td><td>-3.1</td><td>......</td><td>3.1</td><td>2.4</td><td>.7</td><td>......</td></tr></table>
(Continued on following page)
June 1944
39
Sales of Treasury Savings Notes1 - (Continued)
Table 1.- Summary of Sales and Redemptions, by Series - (Continued
(Par values - 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</th><th rowspan="2">Net change during fiscal year or month</th><th rowspan="2">Sales</th><th colspan="4">Redemptions and exchanges</th></tr><tr><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 B 4/</td></tr><tr><td>1942-1943</td><td>2,959.7 764.8</td><td>+2,959.7 -2,195.0</td><td>4,066.7 877.1</td><td>1,107.0 3,072.1</td><td>1,087.1 2,933.3</td><td>19.9 70.6</td><td>68.2</td></tr><tr><td>1943-May-June</td><td>1,349.7 764.8</td><td>45.4 -584.9</td><td>45.4 584.9</td><td>43.2 584.0</td><td>2.2 .9</td><td></td><td></td></tr><tr><td>July</td><td>711.0</td><td>-53.7</td><td>53.7</td><td>52.7</td><td>1.0</td><td></td><td></td></tr><tr><td>August</td><td>687.9</td><td>-23.2</td><td>23.2</td><td>20.9</td><td>2.3</td><td></td><td></td></tr><tr><td>September</td><td>348.6</td><td>-339.3</td><td>339.3</td><td>336.3</td><td>2.9</td><td></td><td></td></tr><tr><td>October</td><td>321.4</td><td>-27.2</td><td>27.2</td><td>25.6</td><td>1.6</td><td></td><td></td></tr><tr><td>November</td><td>306.6</td><td>-14.8</td><td>14.8</td><td>14.0</td><td>.8</td><td></td><td></td></tr><tr><td>December</td><td>128.6</td><td>-178.0</td><td>178.0</td><td>171.6</td><td>6.4</td><td></td><td></td></tr><tr><td>1944-January</td><td>109.7</td><td>-18.9</td><td>18.9</td><td>14.3</td><td>4.6</td><td></td><td></td></tr><tr><td>February</td><td>101.3</td><td>-8.4</td><td>8.4</td><td>9.6</td><td>-1.2</td><td></td><td></td></tr><tr><td>March</td><td>48.1</td><td>-53.2</td><td>53.2</td><td>51.5</td><td>1.7</td><td></td><td></td></tr><tr><td>April</td><td>39.7</td><td>-8.4</td><td>8.4</td><td>7.9</td><td>.5</td><td></td><td></td></tr><tr><td>May</td><td>34.1</td><td>-5.6</td><td>5.6</td><td>5.4</td><td>.2</td><td></td><td></td></tr><tr><td colspan="8">Series C 5/</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>1943-May-June</td><td>6,510.6 6,464.0</td><td>418.0 -46.6</td><td>474.5 463.6</td><td>56.5 510.2</td><td>54.7 497.5</td><td>1.8 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><tr><td>September</td><td>8,320.5</td><td>+1,491.6</td><td>2,260.0</td><td>768.4</td><td>738.4</td><td>30.0</td><td></td></tr><tr><td>October</td><td>8,611.3</td><td>+290.8</td><td>460.7</td><td>169.9</td><td>149.9</td><td>20.0</td><td></td></tr><tr><td>November</td><td>8,797.0</td><td>+185.8</td><td>330.2</td><td>144.4</td><td>106.7</td><td>37.7</td><td></td></tr><tr><td>December</td><td>8,302.0</td><td>-495.0</td><td>436.8</td><td>931.8</td><td>868.9</td><td>62.9</td><td></td></tr><tr><td>1944-January</td><td>9,233.0</td><td>+931.0</td><td>1,216.1</td><td>285.1</td><td>254.3</td><td>30.9</td><td></td></tr><tr><td>February</td><td>10,071.4</td><td>+838.4</td><td>1,017.1</td><td>178.7</td><td>132.9</td><td>45.8</td><td></td></tr><tr><td>March</td><td>8,984.5</td><td>-1,086.9</td><td>238.1</td><td>1,325.0</td><td>1,275.5</td><td>49.6</td><td></td></tr><tr><td>April</td><td>8,971.3</td><td>-13.2</td><td>299.7</td><td>312.9</td><td>274.9</td><td>38.1</td><td></td></tr><tr><td>May</td><td>8,931.4</td><td>-39.9</td><td>145.1</td><td>185.0</td><td>147.3</td><td>37.7</td><td></td></tr></table>
Source: Daily Treasury Statements.
* 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 1/). Sale of series C notes, which were designed for the investment of idle cash reserves as well as for the accumulation of tax reserves, was continued and the notes were designated Treasury savings notes. 
2/ Includes matured Treasury savings notes.
3/ Series A notes, which were sold from August 1, 1941 through June 22, 1943, yield approximately 1.92 percent per annum. 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/.)
Prior to October 4, 1943, the maximum amount which could be used in payment of each class of tax (income, estate, or gift) by each taxpayer during each taxable year was limited to $5,000 par value; this limitation was removed as of that date.
4/ Series B notes were sold from August 1, 1941 through September 12, 1942, to yield approximately .88 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.
5/ 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. These notes may be used in payment of Federal taxes at any time two months after the date of issue. 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/.
40
Treasury Bulletin
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 rowspan="2">Total all denominations</th><th colspan="7">Sales in millions of dollars at par</th><th rowspan="2">Total all denominations</th><th colspan="7">Percentage distribution of sales</th></tr><tr><th>$100 2/</th><th>$500 2/</th><th>1</th><th>5</th><th>10</th><th>100</th><th>500</th><th>1,000</th><th>$100 2/</th><th>$500 2/</th><th>1</th><th>5</th><th>10</th><th>100</th><th>500</th><th>1,000</th></tr><tr><td>1943</td><td>7,546.7</td><td>.....</td><td>.....</td><td>249.0</td><td>332.1</td><td>1,388.6</td><td>2,575.7</td><td>1,124.4</td><td>1,916.9</td><td>100.0</td><td>.....</td><td>.....</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>1943-May</td><td>474.5</td><td>.....</td><td>.....</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>.....</td><td>.....</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>.....</td><td>.....</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>.....</td><td>.....</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>.....</td><td>.....</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>.....</td><td>.....</td><td>3.0</td><td>3.7</td><td>17.5</td><td>34.8</td><td>17.8</td><td>27.2</td></tr><tr><td>Aug.</td><td>213.5</td><td>.....</td><td>.....</td><td>8.1</td><td>9.4</td><td>43.6</td><td>82.6</td><td>28.8</td><td>45.0</td><td>100.0</td><td>.....</td><td>.....</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><tr><td>Sept.</td><td>2,260.0</td><td>.....</td><td>.....</td><td>119.8</td><td>133.4</td><td>490.4</td><td>754.8</td><td>327.7</td><td>433.9</td><td>100.0</td><td>.....</td><td>.....</td><td>5.3</td><td>5.9</td><td>21.7</td><td>33.4</td><td>14.5</td><td>19.2</td></tr><tr><td>Oct.</td><td>460.7</td><td>.....</td><td>.....</td><td>34.5</td><td>33.2</td><td>109.2</td><td>141.9</td><td>63.1</td><td>78.8</td><td>100.0</td><td>.....</td><td>.....</td><td>7.5</td><td>7.2</td><td>23.7</td><td>30.8</td><td>13.7</td><td>17.1</td></tr><tr><td>Nov.</td><td>330.2</td><td>.....</td><td>.....</td><td>8.6</td><td>12.9</td><td>60.7</td><td>113.3</td><td>48.9</td><td>85.8</td><td>100.0</td><td>.....</td><td>.....</td><td>2.6</td><td>3.9</td><td>18.4</td><td>34.3</td><td>14.8</td><td>26.0</td></tr><tr><td>Dec.</td><td>436.8</td><td>.....</td><td>.....</td><td>11.4</td><td>16.2</td><td>72.9</td><td>153.3</td><td>86.9</td><td>95.7</td><td>100.0</td><td>.....</td><td>.....</td><td>2.6</td><td>3.7</td><td>16.7</td><td>35.1</td><td>19.9</td><td>21.9</td></tr><tr><td>1944-Jan</td><td>1,216.1</td><td>2.4</td><td>6.1</td><td>53.5</td><td>73.0</td><td>255.4</td><td>420.8</td><td>160.5</td><td>244.4</td><td>100.0</td><td>.....</td><td>.....</td><td>4.4</td><td>6.0</td><td>21.0</td><td>34.6</td><td>13.2</td><td>20.1</td></tr><tr><td>Feb.</td><td>1,017.1</td><td>3.2</td><td>8.1</td><td>61.0</td><td>82.9</td><td>258.3</td><td>366.2</td><td>108.8</td><td>128.5</td><td>100.0</td><td>.....</td><td>.....</td><td>6.0</td><td>8.2</td><td>25.4</td><td>36.0</td><td>10.7</td><td>12.6</td></tr><tr><td>Mar.</td><td>238.1</td><td>.....</td><td>.....</td><td>7.4</td><td>10.5</td><td>46.7</td><td>81.4</td><td>43.3</td><td>47.4</td><td>100.0</td><td>.....</td><td>.....</td><td>3.1</td><td>4.4</td><td>19.6</td><td>34.2</td><td>18.2</td><td>19.9</td></tr><tr><td>Apr.</td><td>299.7</td><td>.....</td><td>.....</td><td>6.3</td><td>9.9</td><td>45.3</td><td>95.3</td><td>57.5</td><td>84.5</td><td>100.0</td><td>.....</td><td>.....</td><td>2.1</td><td>3.3</td><td>15.1</td><td>31.8</td><td>19.2</td><td>28.2</td></tr><tr><td>May</td><td>145.1</td><td>.....</td><td>.....</td><td>4.4</td><td>7.1</td><td>26.7</td><td>50.8</td><td>16.1</td><td>39.3</td><td>100.0</td><td>.....</td><td>.....</td><td>3.0</td><td>4.9</td><td>18.4</td><td>35.0</td><td>11.1</td><td>27.1</td></tr></table>
Source: (1) Total sales: Daily Treasury Statements; (2) Distribution by denominations: sales reported to the Treasury. Less than $50,000 or less than .05 percent.
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 48. 2/ Denominations of $100 and $500 were first offered in November, 1943.
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>1943-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><tr><td>September</td><td>2,260.0</td><td>166.9</td><td>2,093.1</td><td>100.0</td><td>7.4</td><td>92.6</td></tr><tr><td>October</td><td>460.7</td><td>51.1</td><td>409.6</td><td>100.0</td><td>11.1</td><td>88.9</td></tr><tr><td>November</td><td>330.2</td><td>16.2</td><td>314.0</td><td>100.0</td><td>4.9</td><td>95.1</td></tr><tr><td>December</td><td>436.8</td><td>20.5</td><td>416.3</td><td>100.0</td><td>4.7</td><td>95.3</td></tr><tr><td>1944-January</td><td>1,216.1</td><td>108.2</td><td>1,107.9</td><td>100.0</td><td>8.9</td><td>91.1</td></tr><tr><td>February</td><td>1,017.1</td><td>75.3</td><td>941.8</td><td>100.0</td><td>7.4</td><td>92.6</td></tr><tr><td>March</td><td>238.1</td><td>21.2</td><td>216.9</td><td>100.0</td><td>8.9</td><td>91.1</td></tr><tr><td>April</td><td>299.7</td><td>19.2</td><td>280.5</td><td>100.0</td><td>6.4</td><td>93.6</td></tr><tr><td>May</td><td>145.1</td><td>12.5</td><td>132.6</td><td>100.0</td><td>8.6</td><td>91.4</td></tr></table>
Source: (1) Total sales: Daily Treasury Statements; (2) Distribution by type of purchaser: sales reported to the Treasury.
Information on sales, by type of purchaser, of Series A and B tax savings notes may be found in the "Treasury Bulletin" for July 1947, page 47.
June 1944
41
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/</th><th>Total</th><th>Exchanged for United States savings bonds 2/</th><th>Cash 2/</th></tr><tr><td>1941 2/ (July 1941)</td><td>5,294</td><td>+5,143</td><td>6,087</td><td>943</td><td>1/ 4/</td><td>4/</td><td>100.0</td><td>4/</td><td>4/</td></tr><tr><td>1942 (Aug. 1941-June 1942)</td><td>166,341</td><td>+161,048</td><td>308,621</td><td>147,574</td><td>127,948</td><td>18,468 5/</td><td>100.0</td><td>87.4</td><td>12.6 5/</td></tr><tr><td>1943</td><td>213,350</td><td>+45,620 6/ 1/</td><td>590,268 1/</td><td>544,647</td><td>474,168</td><td>70,480 5/</td><td>100.0</td><td>87.1</td><td>12.9 5/</td></tr><tr><td>1943-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>27,827</td><td>5,004</td><td>100.0</td><td>84.6</td><td>15.4</td></tr><tr><td>September</td><td>201,453</td><td>-2,705</td><td>28,600</td><td>31,306</td><td>27,098</td><td>4,207</td><td>100.0</td><td>86.6</td><td>13.4</td></tr><tr><td>October</td><td>197,942</td><td>-3,511</td><td>35,462</td><td>38,973</td><td>32,771</td><td>6,202</td><td>100.0</td><td>84.1</td><td>15.9</td></tr><tr><td>November</td><td>202,415</td><td>+4,473</td><td>39,565</td><td>35,091</td><td>28,543</td><td>6,548</td><td>100.0</td><td>81.3</td><td>18.7</td></tr><tr><td>December</td><td>203,064</td><td>+649</td><td>43,585</td><td>42,937</td><td>33,896</td><td>9,040</td><td>100.0</td><td>78.9</td><td>21.1</td></tr><tr><td>1944-January</td><td>204,906</td><td>+1,842</td><td>37,451</td><td>35,610</td><td>30,027</td><td>5,582</td><td>100.0</td><td>84.3</td><td>15.7</td></tr><tr><td>February</td><td>200,577</td><td>-4,329</td><td>34,993</td><td>39,322</td><td>33,625</td><td>5,698</td><td>100.0</td><td>85.5</td><td>14.5</td></tr><tr><td>March</td><td>195,821</td><td>-4,755</td><td>40,029</td><td>44,784</td><td>35,784</td><td>9,000</td><td>100.0</td><td>79.9</td><td>20.1</td></tr><tr><td>April</td><td>196,404</td><td>+582</td><td>35,717</td><td>35,174</td><td>28,261</td><td>6,873</td><td>100.0</td><td>80.4</td><td>19.6</td></tr><tr><td>May</td><td>198,407</td><td>+2,003</td><td>30,748</td><td>28,745</td><td>23,055</td><td>5,690</td><td>100.0</td><td>80.2</td><td>19.8</td></tr></table>
Source: Daily Treasury Statements commencing November 1, 1942; prior thereto, Post Office Department.
1/ Figures for periods prior to November 1, 1942 are not strictly comparable with subsequent data because of the shift to a Daily Treasury Statement basis. Stamps sold prior to October 1, 1942 were known as postal earnings 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/ 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. 
4/5/ Includes minor amounts which were exchanged for postal savings certificates. These aggregated $123 thousands for the period August 1, 1941 through June 30, 1942 and $55 thousands for the period July 1, 1942 through October 31, 1942. 
6/1/ Net of sales lease redemptions. See footnote 1/.
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">Sales 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>126,727</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>1943-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>10,571</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>51.7</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><tr><td>September</td><td>28,600</td><td>6,564</td><td>15,053</td><td>2,410</td><td>3,782</td><td>1,192</td><td>100.0</td><td>23.0</td><td>52.6</td><td>8.4</td><td>11.8</td><td>4.2</td></tr><tr><td>October</td><td>35,462</td><td>9,106</td><td>17,404</td><td>2,556</td><td>3,599</td><td>2,708</td><td>100.0</td><td>25.7</td><td>49.3</td><td>7.2</td><td>10.2</td><td>7.6</td></tr><tr><td>November</td><td>39,565</td><td>10,443</td><td>20,330</td><td>2,987</td><td>4,446</td><td>1,359</td><td>100.0</td><td>26.4</td><td>51.4</td><td>7.6</td><td>11.2</td><td>3.4</td></tr><tr><td>December</td><td>43,585</td><td>11,235</td><td>22,129</td><td>3,187</td><td>5,038</td><td>1,997</td><td>100.0</td><td>25.8</td><td>50.8</td><td>7.3</td><td>11.5</td><td>4.6</td></tr><tr><td>1944-January</td><td>37,451</td><td>11,150</td><td>19,072</td><td>2,541</td><td>3,435</td><td>1,203</td><td>100.0</td><td>29.8</td><td>50.9</td><td>6.8</td><td>9.3</td><td>3.2</td></tr><tr><td>February</td><td>34,993</td><td>10,511</td><td>17,799</td><td>2,363</td><td>3,371</td><td>950</td><td>100.0</td><td>30.0</td><td>50.9</td><td>6.8</td><td>9.6</td><td>2.7</td></tr><tr><td>March</td><td>40,029</td><td>11,174</td><td>20,227</td><td>3,132</td><td>4,167</td><td>1,330</td><td>100.0</td><td>27.9</td><td>50.6</td><td>7.8</td><td>10.4</td><td>3.3</td></tr><tr><td>April</td><td>35,717</td><td>9,458</td><td>18,187</td><td>2,768</td><td>4,120</td><td>1,183</td><td>100.0</td><td>26.5</td><td>50.9</td><td>7.8</td><td>11.5</td><td>3.3</td></tr><tr><td>May</td><td>30,748</td><td>7,588</td><td>15,878</td><td>2,437</td><td>3,724</td><td>1,122</td><td>100.0</td><td>24.7</td><td>51.6</td><td>7.9</td><td>12.1</td><td>3.7</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.
Treasury Bulletin
42
OWNERSHIP OF GOVERNMENT SECURITIES
43
June 1944
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="7">Securities issued by United States Government<br>Distribution by classes of holders</th><th colspan="4">Securities guaranteed by United States<br>Distribution by classes of holders</th></tr><tr><th>Total amount outstanding</th><th colspan="3">O. S. Government agencies and trust funds 2/</th><th>Federal Reserve Banks</th><th colspan="3">Private investors 3/</th><th>Total amount unmatured outstanding</th><th colspan="3">U. S. Government agencies and trust funds and Federal Reserve Banks 2/</th><th>Private investors 3/</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 non-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>-</td><td>531</td><td>-</td></tr><tr><td>1935</td><td>21,645</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>-</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>-</td><td>4,343</td><td>-</td></tr><tr><td>1937</td><td>35,800</td><td>1,221</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>4,655</td><td>363</td><td>-</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>-</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>-</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>-</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>37,933</td><td>33,439</td><td>4,554</td><td>6,360</td><td>273</td><td>-</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>58,938</td><td>45,491</td><td>13,507</td><td>4,549</td><td>286</td><td>-</td><td>4,263</td><td>-</td></tr><tr><td>1943</td><td>135,380</td><td>14,080</td><td>5,202</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>170</td><td>115</td><td>3,738</td><td>68</td></tr><tr><td>1943-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>281</td><td>100</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>170</td><td>115</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>113</td><td>129</td><td>3,469</td><td>71</td></tr><tr><td>Aug</td><td>142,721</td><td>15,038</td><td>3,125</td><td>7</td><td>11,907</td><td>9,055</td><td>118,628</td><td>87,756</td><td>30,872</td><td>3,934</td><td>46</td><td>279</td><td>3,536</td><td>73</td></tr><tr><td>Sept</td><td>157,053</td><td>15,471</td><td>3,748</td><td>7</td><td>11,717</td><td>8,886</td><td>132,696</td><td>98,793</td><td>33,904</td><td>3,964</td><td>46</td><td>305</td><td>3,536</td><td>77</td></tr><tr><td>Oct</td><td>163,589</td><td>15,641</td><td>3,766</td><td>7</td><td>11,868</td><td>9,303</td><td>138,044</td><td>102,875</td><td>35,769</td><td>4,113</td><td>62</td><td>340</td><td>3,520</td><td>130</td></tr><tr><td>Nov</td><td>164,781</td><td>16,047</td><td>3,762</td><td>7</td><td>12,278</td><td>10,272</td><td>138,462</td><td>101,874</td><td>36,588</td><td>4,154</td><td>88</td><td>376</td><td>3,495</td><td>135</td></tr><tr><td>Dec</td><td>164,508</td><td>16,493</td><td>3,783</td><td>7</td><td>12,703</td><td>11,460</td><td>136,555</td><td>99,988</td><td>36,567</td><td>4,225</td><td>87</td><td>437</td><td>3,495</td><td>205</td></tr><tr><td>1944-Jan</td><td>167,043</td><td>16,653</td><td>3,773</td><td>8</td><td>12,873</td><td>11,985</td><td>138,405</td><td>99,501</td><td>38,903</td><td>4,269</td><td>91</td><td>495</td><td>3,492</td><td>191</td></tr><tr><td>Feb</td><td>181,709</td><td>17,210</td><td>4,034</td><td>9</td><td>13,168</td><td>11,545</td><td>152,954</td><td>110,593</td><td>42,361</td><td>4,227</td><td>91</td><td>570</td><td>3,378</td><td>188</td></tr><tr><td>Mar</td><td>183,348</td><td>17,563</td><td>4,047</td><td>9</td><td>13,507</td><td>12,111</td><td>153,674</td><td>111,921</td><td>41,752</td><td>2,258</td><td>7</td><td>539</td><td>1,537</td><td>175</td></tr><tr><td>Apr</td><td>183,413</td><td>17,757</td><td>4,050</td><td>10</td><td>13,697</td><td>13,216</td><td>152,440</td><td>110,174</td><td>42,265</td><td>2,258</td><td>7</td><td>586</td><td>1,497</td><td>168</td></tr><tr><td>May</td><td>184,874</td><td>18,181p</td><td>4,050p</td><td>10p</td><td>14,122</td><td>14,247</td><td>152,446p</td><td>109,732p</td><td>42,714p</td><td>1,529</td><td>7p</td><td>176</td><td>1,183p</td><td>153</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 held by the Treasury. 2/ Excludes Exchange Stabilisation 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.
4/ The Reconstruction Finance Corporation notes, Series I-A, X-B, and I-C, which are held entirely by United States Government agencies, have been classified as non-marketable issues.
44
Treasury Bulletin
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed by the United States Government
(Par values 1/ - in billions of dollars)
<table><tr><th>End of month</th><th>Total amount outstanding 2/</th><th colspan="3">Held by banks</th><th colspan="6">Held by non-bank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks 3/</th><th>Federal Reserve Banks</th><th>Total</th><th>Individuals 4/</th><th>Insurance companies</th><th>Mutual earning banks</th><th>Other corporations and associations 5/</th><th>State and local governments 6/</th><th>U. S. Government agencies and trust funds 7/</th></tr><tr><td>1939-December</td><td>47.1</td><td>18.6</td><td>16.1</td><td>2.5</td><td>28.5</td><td>9.9</td><td>6.3</td><td>3.1</td><td>2.4</td><td>.3</td><td>6.5</td></tr><tr><td>1940-June</td><td>47.9</td><td>18.8</td><td>16.3</td><td>2.5</td><td>29.1</td><td>9.7</td><td>6.5</td><td>3.1</td><td>2.4</td><td>.3</td><td>7.1</td></tr><tr><td>December</td><td>50.4</td><td>19.7</td><td>17.5</td><td>2.2</td><td>30.7</td><td>10.2</td><td>6.9</td><td>3.2</td><td>2.4</td><td>.4</td><td>7.6</td></tr><tr><td>1941-June</td><td>54.7</td><td>22.1</td><td>20.0</td><td>2.2</td><td>32.6</td><td>10.9</td><td>7.0</td><td>3.4</td><td>2.4</td><td>.4</td><td>8.5</td></tr><tr><td>December</td><td>63.8</td><td>23.8</td><td>21.5</td><td>2.3</td><td>40.0</td><td>13.5</td><td>8.0</td><td>3.7</td><td>4.8</td><td>.5</td><td>9.5</td></tr><tr><td>1942-June</td><td>76.5</td><td>28.8</td><td>26.2</td><td>2.6</td><td>47.7</td><td>17.9</td><td>8.9</td><td>3.9</td><td>5.8</td><td>.6</td><td>10.6</td></tr><tr><td>December</td><td>111.6</td><td>47.4</td><td>41.2</td><td>6.2</td><td>64.2</td><td>23.5</td><td>11.0</td><td>4.5</td><td>12.1</td><td>.8</td><td>12.2</td></tr><tr><td>1943-June</td><td>139.5</td><td>59.5</td><td>52.3</td><td>7.2</td><td>80.0</td><td>30.1</td><td>12.8</td><td>5.3</td><td>16.3</td><td>1.3</td><td>14.3</td></tr><tr><td>December</td><td>168.7</td><td>71.5</td><td>60.0</td><td>11.5</td><td>97.2</td><td>36.9</td><td>14.7</td><td>6.1</td><td>20.7</td><td>2.0</td><td>16.9</td></tr></table>
1/ United States savings bonds are included at current redemption values.
2/ Guaranteed securities held by the Treasury are excluded.
3/ Consists of commercial and stock savings banks in the United States and in territories and insular possessions.
4/ Includes partnerships, personal trust accounts, and unincorporated
business. 5/ Includes dealers and brokers. 6/ Includes their agencies and their trust, sinking, and investment funds, and territories and insular possessions. 1/ Excludes Exchange Stabilization Fund.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(Io millions of dollars)
<table><tr><th></th><th colspan="12">Net market purchases or sales (-)</th></tr><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>30.0</td><td>5.8</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>-114.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>-</td><td>-5.0</td><td>4.8</td></tr><tr><td>1944</td><td>-9.9</td><td>-105.1</td><td>-11.5</td><td>-16.5</td><td>-10.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
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.
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
June 1944
45
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, April 30, 1944
The following tables present summary data from the Treasury survey, as of April 30, 1944, of the ownership of securities issued or guaranteed by the United States. The banks and insurance companies covered in the survey account for approximately 95 percent of the amounts of such securities held by all banks and insurance companies in the United States.
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 rowspan="2">Classification</th><th colspan="7">Public marketable interest-bearing securities 1/ 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 Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total amount outstanding</th><th>Total 7,933 institutions</th><th>6,605 commercial banks</th><th>31 stock saving banks</th><th>543 mutual saving banks</th><th>754 insurance companies</th><th>209 life insurance companies</th><th>545 fire, casualty, and marine insurance companies</th></tr><tr><td colspan="10">I. By type of security</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>13,150</td><td>4,149</td><td>4,137</td><td>*</td><td>9</td><td>3</td><td>*</td><td>3</td><td>7,653</td><td>1,347</td></tr><tr><td>Certificates of indebtedness</td><td>25,306</td><td>13,668</td><td>12,953</td><td>26</td><td>171</td><td>518</td><td>269</td><td>249</td><td>3,057</td><td>8,581</td></tr><tr><td>Treasury notes</td><td>16,263</td><td>12,057</td><td>11,473</td><td>13</td><td>271</td><td>300</td><td>147</td><td>153</td><td>1,232</td><td>2,974</td></tr><tr><td>Treasury bonds</td><td>72,526</td><td>50,425</td><td>29,267</td><td>234</td><td>6,207</td><td>14,718</td><td>12,981</td><td>1,737</td><td>5,287</td><td>16,814</td></tr><tr><td>Other bonds</td><td>196</td><td>15</td><td>14</td><td>*</td><td>*</td><td>1</td><td>*</td><td>*</td><td>34</td><td>147</td></tr><tr><td>Guaranteed license 3/</td><td>1,503</td><td>1,092</td><td>998</td><td>1</td><td>12</td><td>81</td><td>68</td><td>13</td><td>7</td><td>404</td></tr><tr><td>Total</td><td>128,944</td><td>81,407</td><td>58,843</td><td>274</td><td>6,670</td><td>15,620</td><td>13,465</td><td>2,154</td><td>17,270</td><td>30,267</td></tr><tr><td colspan="10">II. By call classes</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>45,850</td><td>22,309</td><td>21,311</td><td>28</td><td>246</td><td>724</td><td>395</td><td>329</td><td>11,319</td><td>12,222</td></tr><tr><td>1 to 5 years</td><td>23,514</td><td>17,862</td><td>15,681</td><td>21</td><td>642</td><td>1,518</td><td>1,088</td><td>431</td><td>1,696</td><td>3,956</td></tr><tr><td>5 to 10 years</td><td>30,015</td><td>23,117</td><td>17,528</td><td>59</td><td>2,306</td><td>3,224</td><td>2,582</td><td>641</td><td>1,411</td><td>5,487</td></tr><tr><td>10 to 15 years</td><td>10,454</td><td>6,624</td><td>2,736</td><td>99</td><td>1,492</td><td>2,298</td><td>1,876</td><td>422</td><td>754</td><td>3,076</td></tr><tr><td>15 to 20 years</td><td>6,484</td><td>4,427</td><td>694</td><td>26</td><td>734</td><td>2,973</td><td>2,785</td><td>188</td><td>579</td><td>1,479</td></tr><tr><td>Over 20 years</td><td>12,603</td><td>7,048</td><td>886</td><td>42</td><td>1,250</td><td>4,870</td><td>4,728</td><td>142</td><td>1,509</td><td>4,046</td></tr><tr><td>Federal Housing Administration debentures</td><td>23</td><td>20</td><td>7</td><td>*</td><td>1</td><td>12</td><td>12</td><td>*</td><td>1</td><td>1</td></tr><tr><td>Total</td><td>128,944</td><td>81,407</td><td>58,843</td><td>274</td><td>6,670</td><td>15,620</td><td>13,465</td><td>2,154</td><td>17,270</td><td>30,267</td></tr><tr><td colspan="10">III. By tax-exemption provisions</td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>1,343</td><td>243</td><td>222</td><td>*</td><td>1</td><td>20</td><td>2</td><td>18</td><td>92</td><td>1,008</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>24,299</td><td>16,971</td><td>13,327</td><td>115</td><td>537</td><td>2,991</td><td>1,981</td><td>1,011</td><td>2,395</td><td>4,934</td></tr><tr><td>Subject to Federal income taxes</td><td>103,302</td><td>64,193</td><td>45,293</td><td>158</td><td>6,133</td><td>12,608</td><td>11,483</td><td>1,126</td><td>14,784</td><td>24,325</td></tr><tr><td>Total</td><td>128,944</td><td>81,407</td><td>58,843</td><td>274</td><td>6,670</td><td>15,620</td><td>13,465</td><td>2,154</td><td>17,270</td><td>30,267</td></tr></table>
(Continued on following page)
46
Treasury Bulletin
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1944 - (Continued)
Table I.- Analysis of Ownership by Type of Security, by Call Classes, and by Tax-Exemption Provisions - (Continued)
PART 5 - PERCENTAGE DISTRIBUTION BY CLASSES OF SECURITIES
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</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 Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,933 institutions</th><th colspan="3">7,179 banks</th><th colspan="3">754 insurance companies</th></tr><tr><th></th><th></th><th></th><th>6,605 commercial banks</th><th>31 stock savings banks</th><th>543 mutual savings banks</th><th>Total</th><th>209 life insurance companies</th><th>545 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>10.2</td><td>5.1</td><td>7.0</td><td>*</td><td>.1</td><td>*</td><td>*</td><td>.1</td><td>44.3</td><td>4.5</td></tr><tr><td>Certificates of indebtedness</td><td>19.6</td><td>16.8</td><td>22.0</td><td>9.4</td><td>2.6</td><td>3.3</td><td>2.0</td><td>11.5</td><td>17.7</td><td>28.4</td></tr><tr><td>Treasury notes</td><td>12.6</td><td>14.8</td><td>19.5</td><td>4.9</td><td>4.1</td><td>1.9</td><td>1.1</td><td>7.1</td><td>7.1</td><td>9.8</td></tr><tr><td>Treasury bonds</td><td>56.2</td><td>61.9</td><td>49.7</td><td>85.3</td><td>93.0</td><td>94.2</td><td>96.4</td><td>80.6</td><td>30.6</td><td>55.6</td></tr><tr><td>Other bonds</td><td>.2</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>.2</td><td>.5</td></tr><tr><td>Guaranteed issues 3/</td><td>1.2</td><td>1.3</td><td>1.7</td><td>.4</td><td>.2</td><td>.5</td><td>.5</td><td>.6</td><td>*</td><td>1.3</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>35.6</td><td>27.4</td><td>36.2</td><td>10.3</td><td>3.7</td><td>4.6</td><td>2.9</td><td>15.3</td><td>65.5</td><td>40.4</td></tr><tr><td>1 to 5 years</td><td>18.2</td><td>21.9</td><td>26.6</td><td>7.5</td><td>9.6</td><td>9.7</td><td>8.1</td><td>20.0</td><td>9.8</td><td>13.1</td></tr><tr><td>5 to 10 years</td><td>23.3</td><td>28.4</td><td>29.8</td><td>21.4</td><td>34.6</td><td>20.6</td><td>19.2</td><td>29.8</td><td>8.2</td><td>13.1</td></tr><tr><td>10 to 15 years</td><td>8.1</td><td>8.1</td><td>4.6</td><td>36.2</td><td>22.4</td><td>14.7</td><td>13.9</td><td>19.6</td><td>4.4</td><td>10.2</td></tr><tr><td>15 to 20 years</td><td>5.0</td><td>5.4</td><td>1.2</td><td>9.4</td><td>11.0</td><td>19.0</td><td>20.7</td><td>8.7</td><td>3.4</td><td>4.9</td></tr><tr><td>Over 20 years</td><td>9.8</td><td>8.7</td><td>1.5</td><td>15.2</td><td>18.7</td><td>31.2</td><td>35.1</td><td>6.6</td><td>8.7</td><td>13.4</td></tr><tr><td>Federal Housing Administration debentures</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>.1</td><td>.1</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>1.0</td><td>.3</td><td>.4</td><td>.1</td><td>*</td><td>.1</td><td>*</td><td>.8</td><td>.5</td><td>3.3</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>18.8</td><td>20.8</td><td>22.6</td><td>42.1</td><td>8.0</td><td>19.1</td><td>14.7</td><td>46.9</td><td>13.9</td><td>16.3</td></tr><tr><td>Subject to Federal income taxes</td><td>80.1</td><td>78.9</td><td>77.0</td><td>57.8</td><td>91.9</td><td>80.7</td><td>85.3</td><td>52.3</td><td>85.6</td><td>80.4</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 rowspan="2">Total amount outstanding</th><th colspan="6">Public marketable interest-bearing securities 1/ 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 Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,933 institutions</th><th>6,605 commercial banks</th><th>31 stock saving banks</th><th>543 mutual savings banks</th><th>754 insurance companies</th><th>209 life insurance companies</th><th>545 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>100.0</td><td>31.6</td><td>31.5</td><td>*</td><td>.1</td><td>*</td><td>*</td><td>58.2</td><td>10.2</td></tr><tr><td>Certificates of indebtedness</td><td>100.0</td><td>54.0</td><td>51.2</td><td>.1</td><td>.7</td><td>2.0</td><td>1.1</td><td>12.1</td><td>33.9</td></tr><tr><td>Treasury notes</td><td>100.0</td><td>74.1</td><td>70.5</td><td>.1</td><td>1.7</td><td>1.8</td><td>.9</td><td>7.6</td><td>18.3</td></tr><tr><td>Treasury bonds</td><td>100.0</td><td>69.5</td><td>40.4</td><td>.3</td><td>8.6</td><td>20.3</td><td>17.9</td><td>7.3</td><td>23.2</td></tr><tr><td>Other bonds</td><td>100.0</td><td>7.6</td><td>7.3</td><td>*</td><td>*</td><td>.3</td><td>*</td><td>17.6</td><td>74.8</td></tr><tr><td>Guaranteed issues 3/</td><td>100.0</td><td>72.7</td><td>66.4</td><td>.1</td><td>.8</td><td>5.4</td><td>4.5</td><td>.4</td><td>26.9</td></tr><tr><td>Total</td><td>100.0</td><td>63.1</td><td>45.6</td><td>.2</td><td>5.2</td><td>12.1</td><td>10.4</td><td>13.4</td><td>23.5</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></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></tr><tr><td>Within 1 year</td><td>100.0</td><td>48.7</td><td>46.5</td><td>.1</td><td>.5</td><td>1.6</td><td>.9</td><td>24.7</td><td>26.7</td></tr><tr><td>1 to 5 years</td><td>100.0</td><td>76.0</td><td>66.7</td><td>.1</td><td>2.7</td><td>6.5</td><td>4.6</td><td>7.2</td><td>16.8</td></tr><tr><td>5 to 10 years</td><td>100.0</td><td>77.0</td><td>58.4</td><td>.2</td><td>7.7</td><td>10.7</td><td>8.6</td><td>4.7</td><td>18.3</td></tr><tr><td>10 to 15 years</td><td>100.0</td><td>63.4</td><td>26.2</td><td>.9</td><td>14.3</td><td>22.0</td><td>17.9</td><td>7.2</td><td>29.4</td></tr><tr><td>15 to 20 years</td><td>100.0</td><td>68.3</td><td>10.7</td><td>.4</td><td>11.3</td><td>45.8</td><td>42.9</td><td>8.9</td><td>22.8</td></tr><tr><td>Over 20 years</td><td>100.0</td><td>55.9</td><td>7.0</td><td>.3</td><td>9.9</td><td>38.6</td><td>37.5</td><td>12.0</td><td>32.1</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>88.9</td><td>31.3</td><td>.1</td><td>3.7</td><td>53.8</td><td>52.5</td><td>5.1</td><td>6.0</td></tr><tr><td>Total</td><td>100.0</td><td>63.1</td><td>45.6</td><td>.2</td><td>5.2</td><td>12.1</td><td>10.4</td><td>13.4</td><td>23.5</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></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>100.0</td><td>18.1</td><td>16.5</td><td>*</td><td>.1</td><td>1.5</td><td>.2</td><td>6.8</td><td>75.1</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>100.0</td><td>69.8</td><td>54.8</td><td>.5</td><td>2.2</td><td>12.3</td><td>8.2</td><td>9.9</td><td>20.3</td></tr><tr><td>Subject to Federal income taxes</td><td>100.0</td><td>62.1</td><td>43.8</td><td>.2</td><td>5.9</td><td>12.2</td><td>11.1</td><td>14.3</td><td>23.5</td></tr><tr><td>Total</td><td>100.0</td><td>63.1</td><td>45.6</td><td>.2</td><td>5.2</td><td>12.1</td><td>10.4</td><td>13.4</td><td>23.5</td></tr></table>
Book Figures: For reclassification of date on banks for November 1943 through February 1944, see "Treasury Bulletin" for May 1944, pages 52-57. For revision of date on insurance companies see "Treasury Bulletin" for November 1943, pages 52-63. Less than $500,000 or less than .05%. 1/ Public marketable interest-bearing securities includes all interest-bearing securities outstanding except (1) special issue to Government agencies and trust funds, (2) adjusted service bonds, (3) depository bonds, (4) United States savings bonds, (5) Treasury savings notes, (6) Commodity Credit Corporation demand obligations, and (7) Reconstruction Finance Corporation notes. Series X-A, X-B, and X-C, which are held by U. S.
Government agencies. For amounts of such obligations held by institutions reporting, see Table II, footnotes 1/.
Excludes Exchange Stabilisation Fund.
Excludes obligations held by the Treasury.
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.)
June 1944
47
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1944 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
(Far values - in millions of dollars)
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="6">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 7,933 institutions</th><th colspan="3">7,179 banks</th><th colspan="2">754 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>6,605 commercial banks</th><th>31 stock savings banks</th><th>543 mutual savings banks</th><th>Total</th><th>209 life insurance companies</th><th>545 fire, casualty, and marine insurance companies</th><th></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></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4/4 June 1944</td><td>146</td><td>11</td><td>7</td><td>-</td><td>*</td><td>3</td><td>2</td><td>1</td><td>135</td></tr><tr><td>1/4 September 1944</td><td>283</td><td>24</td><td>22</td><td>*</td><td>*</td><td>2</td><td>-</td><td>2</td><td>235</td></tr><tr><td>3/4/4 March 1945</td><td>718</td><td>153</td><td>178</td><td>-</td><td>1</td><td>15</td><td>*</td><td>15</td><td>491</td></tr><tr><td>Total Treasury notes</td><td>1,147</td><td>228</td><td>208</td><td>*</td><td>1</td><td>20</td><td>2</td><td>17</td><td>861</td></tr><tr><td>Bonds</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>14</td><td>13</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>34</td><td>69</td></tr><tr><td>Panama Canal</td><td>50</td><td>1</td><td>1</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>1</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>28</td></tr><tr><td>Total bonds</td><td>196</td><td>15</td><td>14</td><td>*</td><td>*</td><td>1</td><td>*</td><td>*</td><td>34</td><td>147</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>1,343</td><td>243</td><td>222</td><td>*</td><td>1</td><td>20</td><td>2</td><td>18</td><td>92</td><td>1,008</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></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>4% December 1944-54</td><td>1,037</td><td>565</td><td>435</td><td>*</td><td>29</td><td>101</td><td>69</td><td>31</td><td>78</td><td>393</td></tr><tr><td>2-3/4% September 1945-47</td><td>1,214</td><td>667</td><td>490</td><td>*</td><td>26</td><td>150</td><td>122</td><td>28</td><td>171</td><td>376</td></tr><tr><td>2-1/2% December 1945</td><td>541</td><td>344</td><td>292</td><td>*</td><td>8</td><td>44</td><td>19</td><td>25</td><td>18</td><td>179</td></tr><tr><td>3-3/4% March 1946-56</td><td>489</td><td>306</td><td>204</td><td>*</td><td>15</td><td>87</td><td>73</td><td>14</td><td>73</td><td>110</td></tr><tr><td>3% June 1946-48</td><td>1,036</td><td>618</td><td>433</td><td>1</td><td>37</td><td>146</td><td>117</td><td>29</td><td>210</td><td>209</td></tr><tr><td>3-1/8% June 1946-49</td><td>819</td><td>488</td><td>355</td><td>1</td><td>23</td><td>109</td><td>90</td><td>19</td><td>89</td><td>242</td></tr><tr><td>4-1/4% October 1947-52</td><td>759</td><td>426</td><td>300</td><td>*</td><td>30</td><td>96</td><td>61</td><td>35</td><td>81</td><td>252</td></tr><tr><td>2% December 1947</td><td>701</td><td>606</td><td>569</td><td>*</td><td>3</td><td>34</td><td>5</td><td>29</td><td>*</td><td>95</td></tr><tr><td>2-3/4% March 1948-51</td><td>1,223</td><td>948</td><td>801</td><td>2</td><td>24</td><td>122</td><td>86</td><td>36</td><td>160</td><td>115</td></tr><tr><td>2-1/2% September 1948</td><td>451</td><td>385</td><td>343</td><td>*</td><td>3</td><td>38</td><td>23</td><td>15</td><td>-</td><td>66</td></tr><tr><td>2% December 1948-50</td><td>571</td><td>472</td><td>443</td><td>2</td><td>3</td><td>24</td><td>5</td><td>19</td><td>44</td><td>56</td></tr><tr><td>3-1/8% December 1949-52</td><td>491</td><td>389</td><td>298</td><td>*</td><td>21</td><td>70</td><td>44</td><td>26</td><td>40</td><td>62</td></tr><tr><td>2-1/2% December 1949-53</td><td>1,786</td><td>1,331</td><td>1,199</td><td>9</td><td>23</td><td>99</td><td>39</td><td>60</td><td>231</td><td>225</td></tr><tr><td>2-1/2% September 1950-52</td><td>1,186</td><td>1,062</td><td>933</td><td>2</td><td>32</td><td>93</td><td>39</td><td>54</td><td>117</td><td>7</td></tr><tr><td>2-3/4% June 1951-54</td><td>1,627</td><td>1,268</td><td>929</td><td>8</td><td>36</td><td>295</td><td>227</td><td>68</td><td>168</td><td>190</td></tr><tr><td>3% September 1951-55</td><td>755</td><td>408</td><td>299</td><td>*</td><td>24</td><td>85</td><td>53</td><td>31</td><td>79</td><td>269</td></tr><tr><td>2-1/4% December 1951-53</td><td>1,118</td><td>919</td><td>862</td><td>2</td><td>6</td><td>49</td><td>17</td><td>32</td><td>107</td><td>92</td></tr><tr><td>2% June 1953-55</td><td>725</td><td>650</td><td>621</td><td>1</td><td>3</td><td>26</td><td>2</td><td>24</td><td>14</td><td>61</td></tr><tr><td>2-1/4% June 1954-56</td><td>681</td><td>555</td><td>462</td><td>2</td><td>6</td><td>85</td><td>47</td><td>38</td><td>44</td><td>82</td></tr><tr><td>2-7/8% March 1955-50</td><td>2,611</td><td>1,322</td><td>883</td><td>31</td><td>70</td><td>337</td><td>204</td><td>133</td><td>362</td><td>927</td></tr><tr><td>2-3/4% September 1956-59</td><td>982</td><td>709</td><td>446</td><td>16</td><td>31</td><td>216</td><td>147</td><td>69</td><td>127</td><td>146</td></tr><tr><td>2-3/4% June 1958-63</td><td>919</td><td>723</td><td>390</td><td>19</td><td>24</td><td>291</td><td>217</td><td>73</td><td>70</td><td>125</td></tr><tr><td>2-3/4% December 1960-65</td><td>1,485</td><td>1,085</td><td>694</td><td>16</td><td>52</td><td>323</td><td>210</td><td>113</td><td>109</td><td>291</td></tr><tr><td>Total Treasury bonds</td><td>23,207</td><td>16,246</td><td>12,682</td><td>114</td><td>530</td><td>2,919</td><td>1,917</td><td>1,002</td><td>2,392</td><td>4,569</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 3% May 1944-49</td><td>138</td><td>28</td><td>18</td><td>-</td><td>1</td><td>10</td><td>9</td><td>*</td><td>-</td><td>110</td></tr><tr><td>Federal Housing Administration debentures</td><td>23</td><td>20</td><td>7</td><td>*</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 3% May 1944-52</td><td>176</td><td>22</td><td>14</td><td>*</td><td>2</td><td>6</td><td>6</td><td>1</td><td>-</td><td>154</td></tr><tr><td>1-1/2% June 1945-47</td><td>755</td><td>654</td><td>607</td><td>1</td><td>3</td><td>43</td><td>36</td><td>7</td><td>1</td><td>100</td></tr><tr><td>Total guaranteed issues</td><td>1,092</td><td>725</td><td>645</td><td>1</td><td>6</td><td>72</td><td>63</td><td>9</td><td>2</td><td>365</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>24,299</td><td>16,971</td><td>13,327</td><td>115</td><td>537</td><td>2,991</td><td>1,981</td><td>1,011</td><td>2,395</td><td>4,934</td></tr></table>
(Continued on following page)
48
Treasury Bulletin
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1944 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued
(Par values - in millions of dollars)
<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 7,933 institutions</th><th>6,605 commercial banks</th><th>31 stock savings banks</th><th>543 mutual savings banks</th><th>754 insurance companies</th><th>209 life insurance companies</th><th>545 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>13,150</td><td>4,149</td><td>4,137</td><td>*</td><td>9</td><td>3</td><td>*</td><td>3</td><td>7,653</td><td>1,347</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% May 1944</td><td>1,655</td><td>1,198</td><td>1,185</td><td>1</td><td>4</td><td>8</td><td>*</td><td>8</td><td>289</td><td>169</td></tr><tr><td>7/8% August 1944</td><td>2,545</td><td>1,715</td><td>1,687</td><td>3</td><td>5</td><td>40</td><td>21</td><td>19</td><td>584</td><td>226</td></tr><tr><td>7/8% September 1944</td><td>4,122</td><td>1,644</td><td>1,519</td><td>8</td><td>18</td><td>99</td><td>47</td><td>52</td><td>366</td><td>2,112</td></tr><tr><td>7/8% October 1944</td><td>3,519</td><td>2,461</td><td>2,410</td><td>2</td><td>8</td><td>41</td><td>31</td><td>10</td><td>564</td><td>494</td></tr><tr><td>7/8% December 1944</td><td>3,540</td><td>2,490</td><td>2,443</td><td>1</td><td>8</td><td>38</td><td>27</td><td>11</td><td>381</td><td>669</td></tr><tr><td>7/8% February 1945</td><td>5,048</td><td>1,106</td><td>750</td><td>8</td><td>91</td><td>256</td><td>127</td><td>129</td><td>57</td><td>3,885</td></tr><tr><td>7/8% April 1945</td><td>4,877</td><td>3,035</td><td>2,959</td><td>3</td><td>37</td><td>36</td><td>16</td><td>20</td><td>817</td><td>1,025</td></tr><tr><td>Total certificates of indebtedness</td><td>25,306</td><td>13,658</td><td>12,953</td><td>26</td><td>171</td><td>518</td><td>269</td><td>249</td><td>3,057</td><td>8,581</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>467</td><td>436</td><td>*</td><td>6</td><td>24</td><td>19</td><td>5</td><td>48</td><td>121</td></tr><tr><td>0.90% March 1945</td><td>2,127</td><td>1,616</td><td>1,601</td><td>1</td><td>5</td><td>8</td><td>1</td><td>7</td><td>220</td><td>292</td></tr><tr><td>1-1/4% March 1945</td><td>1,606</td><td>1,185</td><td>1,143</td><td>1</td><td>17</td><td>25</td><td>11</td><td>11</td><td>167</td><td>254</td></tr><tr><td>3/4% December 1945</td><td>531</td><td>417</td><td>375</td><td>1</td><td>12</td><td>29</td><td>19</td><td>10</td><td>26</td><td>88</td></tr><tr><td>1% March 1946</td><td>503</td><td>395</td><td>354</td><td>1</td><td>8</td><td>31</td><td>24</td><td>7</td><td>1</td><td>107</td></tr><tr><td>1-1/2% December 1946</td><td>3,261</td><td>2,626</td><td>2,499</td><td>1</td><td>73</td><td>53</td><td>19</td><td>34</td><td>284</td><td>351</td></tr><tr><td>1-1/2% September 1947</td><td>2,707</td><td>2,257</td><td>2,122</td><td>6</td><td>66</td><td>63</td><td>33</td><td>31</td><td>*</td><td>450</td></tr><tr><td>1-1/2% September 1948</td><td>3,746</td><td>2,858</td><td>2,736</td><td>2</td><td>84</td><td>46</td><td>16</td><td>29</td><td>429</td><td>450</td></tr><tr><td>Total Treasury notes</td><td>15,116</td><td>11,829</td><td>11,266</td><td>13</td><td>271</td><td>280</td><td>145</td><td>135</td><td>1,174</td><td>2,112</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>901</td><td>589</td><td>*</td><td>121</td><td>191</td><td>168</td><td>23</td><td>59</td><td>155</td></tr><tr><td>1-3/4% June 1948</td><td>3,052</td><td>2,485</td><td>2,169</td><td>2</td><td>102</td><td>212</td><td>171</td><td>41</td><td>50</td><td>527</td></tr><tr><td>2% June 1949-51</td><td>1,014</td><td>920</td><td>693</td><td>*</td><td>101</td><td>126</td><td>112</td><td>14</td><td>22</td><td>72</td></tr><tr><td>2% September 1949-51</td><td>1,292</td><td>1,169</td><td>916</td><td>1</td><td>124</td><td>128</td><td>107</td><td>21</td><td>12</td><td>111</td></tr><tr><td>2% December 1949-51</td><td>2,098</td><td>1,757</td><td>1,449</td><td>4</td><td>112</td><td>192</td><td>170</td><td>22</td><td>12</td><td>329</td></tr><tr><td>2% March 1950-52</td><td>1,953</td><td>1,780</td><td>1,430</td><td>5</td><td>144</td><td>201</td><td>177</td><td>24</td><td>25</td><td>158</td></tr><tr><td>2% September 1950-52</td><td>4,939</td><td>3,579</td><td>2,596</td><td>6</td><td>359</td><td>618</td><td>547</td><td>70</td><td>130</td><td>1,231</td></tr><tr><td>2% September 1951-53</td><td>7,986</td><td>5,513</td><td>3,952</td><td>18</td><td>702</td><td>841</td><td>694</td><td>148</td><td>299</td><td>2,174</td></tr><tr><td>2% December 1951-55</td><td>510</td><td>422</td><td>353</td><td>2</td><td>33</td><td>34</td><td>26</td><td>8</td><td>17</td><td>71</td></tr><tr><td>2-1/2% March 1952-54</td><td>1,024</td><td>732</td><td>293</td><td>*</td><td>299</td><td>139</td><td>128</td><td>11</td><td>68</td><td>224</td></tr><tr><td>2-1/4% June 1952-55</td><td>1,501</td><td>1,218</td><td>702</td><td>1</td><td>288</td><td>228</td><td>202</td><td>26</td><td>69</td><td>213</td></tr><tr><td>2-1/2% March 1956-58</td><td>1,449</td><td>1,104</td><td>273</td><td>9</td><td>302</td><td>520</td><td>503</td><td>17</td><td>59</td><td>286</td></tr><tr><td>2-1/4% September 1956-59</td><td>3,813</td><td>2,210</td><td>281</td><td>22</td><td>1,058</td><td>849</td><td>757</td><td>92</td><td>92</td><td>1,510</td></tr><tr><td>2-1/2% June 1962-67</td><td>2,118</td><td>1,497</td><td>*</td><td>4</td><td>205</td><td>1,288</td><td>1,247</td><td>41</td><td>200</td><td>421</td></tr><tr><td>2-1/2% December 1963-68</td><td>2,831</td><td>1,844</td><td>*</td><td>5</td><td>476</td><td>1,362</td><td>1,328</td><td>34</td><td>270</td><td>717</td></tr><tr><td>2-1/2% June 1964-69</td><td>3,762</td><td>2,133</td><td>*</td><td>10</td><td>531</td><td>1,592</td><td>1,557</td><td>35</td><td>413</td><td>1,216</td></tr><tr><td>2-1/2% December 1964-69</td><td>3,838</td><td>1,948</td><td>*</td><td>6</td><td>351</td><td>1,591</td><td>1,545</td><td>46</td><td>515</td><td>1,375</td></tr><tr><td>2-1/2% March 1965-70</td><td>2,287</td><td>1,196</td><td>25</td><td>6</td><td>53</td><td>1,113</td><td>1,088</td><td>25</td><td>257</td><td>834</td></tr><tr><td>2-1/2% September 1967-72</td><td>2,716</td><td>1,771</td><td>861</td><td>19</td><td>315</td><td>575</td><td>538</td><td>36</td><td>323</td><td>622</td></tr><tr><td>Total Treasury bonds</td><td>49,319</td><td>34,179</td><td>16,585</td><td>119</td><td>5,676</td><td>11,798</td><td>11,064</td><td>735</td><td>2,895</td><td>12,244</td></tr><tr><td>Guaranteed issues 5/ Commodity Credit Corporation 1-1/8% February 1945</td><td>412</td><td>368</td><td>353</td><td>*</td><td>6</td><td>9</td><td>5</td><td>4</td><td>4</td><td>40</td></tr><tr><td>Total subject to Federal income taxes</td><td>103,302</td><td>64,193</td><td>45,293</td><td>158</td><td>6,133</td><td>12,608</td><td>11,483</td><td>1,126</td><td>14,784</td><td>24,325</td></tr><tr><td>IV. Grand total</td><td>128,944</td><td>81,407</td><td>58,843</td><td>274</td><td>6,670</td><td>15,620</td><td>13,465</td><td>2,154</td><td>17,270</td><td>30,267</td></tr></table>
Beck Figures: For reclassification of data on banks for November 1943 through February 1944, see "Treasury Bulletin" for May 1944, pages 52-57. For revision of data on insurance companies, see "Treasury Bulletin" for November 1943, pages 52-63.
* Less than $500,000.
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) depository bonds, (4) United States savings bonds, (5) Treasury savings notes, (6) Commodity Credit Corporation demand obligations, and (7) Reconciliation Finance Corporation notes, Series X-A, X-B, and X-C, which are held by U. S. Government agencies. Such obligations were held by institutions reporting, as follows:
(1) depository bonds: commercial banks, $424 millions;
(2) United States savings bonds: commercial banks, $475
millions; stock savings banks, $5 millions; mutual savings banks, $153 millions; insurance companies, $188 millions; all institutions, $620 millions; (3) Treasury savings notes, commercial banks, $57 millions; stock savings banks, $1 million; insurance companies, $25 millions; all institutions, $83 millions; (4) Commodity Credit Corporation demand obligations: holdings of these obligations are not reported. 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 held by the Treasury.
June 1944
49
PRICES AND YIELDS OF GOVERNMENT SECURITIES (Including securities issued by Federal agencies)
50
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the United States Government and by Federal Agencies
May 31, 1944
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="3">Price data (Price decimals are thirty-seconds)</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-seconds)</th><th colspan="4">1944 price range 2/ (Price decimals are thirty-seconds)</th></tr><tr><th>Bid</th><th>Ask</th><th>Mean</th><th>Change is mean from Apr. 29, 1944</th><th>Yield 3/</th><th>Change in yield from Apr. 29, 1944</th><th>Natur- ity yield</th><th colspan="2">High</th><th colspan="2">Low</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></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><th colspan="4">Treasury bonds</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>$1,115</td><td>2%</td><td>3/15/48-50</td><td>101.31</td><td>102.01</td><td>102.00</td><td>-.04</td><td>1.46%</td><td>+0.3%</td><td>1.64%</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>102.05</td><td>4/24</td><td>101.29</td><td>2/25</td></tr><tr><td>3,062</td><td>1-3/4%</td><td>6/15/48</td><td>101.09</td><td>101.11</td><td>101.10</td><td>-.01</td><td>1.41</td><td>.00</td><td>-</td><td>12/1/42</td><td>101.13</td><td>2/8/44</td><td>100.01</td><td>12/23/42</td><td>101.13</td><td>2/8</td><td>101.06</td><td>4/1</td></tr><tr><td>1,014</td><td>2%</td><td>6/15/49-51</td><td>101.24+</td><td>101.26+</td><td>101.25</td><td>+.02</td><td>1.63</td><td>-.02</td><td>1.73</td><td>1/15/42</td><td>101.27</td><td>5/9/44</td><td>100.06</td><td>8/5/42</td><td>101.27</td><td>5/9</td><td>101.18</td><td>4/1</td></tr><tr><td>1,292</td><td>2%</td><td>9/15/49-51</td><td>101.20</td><td>101.22</td><td>101.21</td><td>+.02</td><td>1.67</td><td>-.02</td><td>1.76</td><td>5/15/42</td><td>101.22</td><td>5/9/44</td><td>100.04</td><td>10/6/42</td><td>101.22</td><td>5/9</td><td>101.12</td><td>2/1</td></tr><tr><td>2,098</td><td>2%</td><td>12/15/49-51</td><td>101.17+</td><td>101.19+</td><td>101.18</td><td>-.00</td><td>1.70</td><td>-.01</td><td>1.78</td><td>7/15/42</td><td>101.21</td><td>5/9/44</td><td>100.03</td><td>8/5/42</td><td>101.21</td><td>5/9</td><td>101.09</td><td>1/13</td></tr><tr><td>1,963</td><td>2%</td><td>3/15/50-52</td><td>101.09+</td><td>101.11+</td><td>101.10</td><td>+.02</td><td>1.76</td><td>-.02</td><td>1.82</td><td>10/19/42</td><td>101.12</td><td>5/9/44</td><td>100.01</td><td>11/2/42</td><td>101.12</td><td>5/9</td><td>101.00</td><td>1/13</td></tr><tr><td>4,939</td><td>2%</td><td>9/15/50-52</td><td>100.30+</td><td>100.00+</td><td>100.31</td><td>+.01</td><td>1.84</td><td>.00</td><td>1.87</td><td>4/15/43</td><td>101.01</td><td>5/9/44</td><td>100.08</td><td>5/3/43</td><td>101.01</td><td>5/9</td><td>100.21</td><td>1/13</td></tr><tr><td>7,986</td><td>2%</td><td>9/15/51-53</td><td>100.13+</td><td>100.14+</td><td>100.14</td><td>.00</td><td>1.94</td><td>.00</td><td>1.95</td><td>9/15/43</td><td>100.17</td><td>3/4/44</td><td>100.03</td><td>11/8/43</td><td>100.17</td><td>3/4</td><td>100.06</td><td>1/15</td></tr><tr><td>510</td><td>2%</td><td>12/15/51-55</td><td>100.17</td><td>100.19</td><td>100.18</td><td>+.01</td><td>1.92</td><td>-.01</td><td>1.95</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>100.21</td><td>4/12</td><td>100.08</td><td>1/14</td></tr><tr><td>1,024</td><td>2-1/2%</td><td>3/15/52-54</td><td>103.28</td><td>103.30</td><td>103.29</td><td>.00</td><td>1.96</td><td>.00</td><td>2.06</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>104.05</td><td>4/3</td><td>103.20</td><td>1/3</td></tr><tr><td>1,501</td><td>2-1/4%</td><td>6/15/52-55</td><td>101.30</td><td>102.00</td><td>101.31</td><td>+.01</td><td>1.98</td><td>-.01</td><td>2.05</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>102.04</td><td>4/3</td><td>101.20</td><td>2/1</td></tr><tr><td>1,449</td><td>2-1/2%</td><td>3/15/56-58</td><td>103.19</td><td>103.21</td><td>103.20</td><td>+.01</td><td>2.15</td><td>-.01</td><td>2.19</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>103.24</td><td>4/4</td><td>103.06</td><td>2/1</td></tr><tr><td>3,823</td><td>2-1/4%</td><td>9/15/56-59</td><td>100.07+</td><td>100.09+</td><td>100.08</td><td>.00</td><td>2.23</td><td>.00</td><td>2.23</td><td>2/1/44</td><td>100.11</td><td>5/9/44</td><td>100.01</td><td>2/29/44</td><td>100.11</td><td>5/9</td><td>100.01</td><td>2/29</td></tr><tr><td>2,118</td><td>2-1/2%</td><td>6/15/62-67 1/2</td><td>100.11</td><td>100.13</td><td>100.12</td><td>-.02</td><td>2.47</td><td>.00</td><td>2.48</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>100.21</td><td>3/27</td><td>100.09</td><td>2/4</td></tr><tr><td>2,831</td><td>2-1/2%</td><td>12/15/63-68 1/2</td><td>100.01</td><td>100.03</td><td>100.02</td><td>-.02</td><td>2.50</td><td>+.01</td><td>2.50</td><td>12/1/42</td><td>100.26</td><td>6/1/43</td><td>100.00</td><td>2/17/44</td><td>100.09</td><td>3/23</td><td>100.00</td><td>2/17</td></tr><tr><td>3,762</td><td>2-1/2%</td><td>6/15/64-69 1/2</td><td>100.00</td><td>100.02</td><td>100.01</td><td>-.01</td><td>2.50</td><td>.00</td><td>2.50</td><td>4/15/43</td><td>100.20</td><td>6/2/43</td><td>100.00</td><td>3/2/44</td><td>100.05</td><td>3/23</td><td>100.00</td><td>3/2</td></tr><tr><td>3,838</td><td>2-1/2%</td><td>12/15/64-69 1/2</td><td>100.00</td><td>100.02</td><td>100.01</td><td>-.01</td><td>2.50</td><td>.00</td><td>2.50</td><td>9/15/43</td><td>100.06</td><td>10/30/43</td><td>100.00</td><td>3/2/44</td><td>100.05</td><td>3/23</td><td>100.00</td><td>3/2</td></tr><tr><td>2,289</td><td>2-1/2%</td><td>3/15/65-70 1/2</td><td>100.00</td><td>100.02</td><td>100.01</td><td>-.04</td><td>2.50</td><td>+.01</td><td>2.50</td><td>2/1/44</td><td>100.07</td><td>3/23/44</td><td>100.00</td><td>2/16/44</td><td>100.07</td><td>3/23</td><td>100.00</td><td>2/16</td></tr><tr><td>2,716</td><td>2-1/2%</td><td>9/15/67-72 1/2</td><td>100.14</td><td>100.16</td><td>100.15</td><td>-.02</td><td>2.47</td><td>-.01</td><td>2.48</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>100.17</td><td>3/10</td><td>100.11</td><td>2/11</td></tr><tr><th colspan="4">Treasury notes</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>635</td><td>3/4%</td><td>D - 9/15/44</td><td>100.00+</td><td>100.01+</td><td>100.01</td><td>-.01</td><td>.64</td><td>+0.06</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>100.02</td><td>5/15</td><td>100.00</td><td>4/17</td></tr><tr><td>2,127</td><td>.90%</td><td>D - 3/1/45 5/1</td><td>.79%</td><td>.77%</td><td>.78%</td><td>.00%</td><td>.81</td><td>-.01</td><td>-</td><td>2/1/44</td><td>.74%</td><td>5/12/44</td><td>.86%</td><td>1/24/44</td><td>.74%</td><td>5/12</td><td>.86%</td><td>1/24</td></tr><tr><td>1,606</td><td>1-1/4%</td><td>C - 3/15/45</td><td>100.10+</td><td>100.11+</td><td>100.11</td><td>-.01</td><td>.81</td><td>-.01</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>100.16</td><td>1/15</td><td>100.12</td><td>5/27</td></tr><tr><td>531</td><td>3/4%</td><td>B -12/15/45</td><td>99.27</td><td>99.28</td><td>99.28</td><td>.00</td><td>.83</td><td>.00</td><td>-</td><td>12/18/40</td><td>100.18</td><td>9/9/41</td><td>98.28</td><td>10/6/42</td><td>99.29</td><td>4/12</td><td>99.22</td><td>1/21</td></tr><tr><td>503</td><td>1%</td><td>A - 3/15/46</td><td>100.04+</td><td>100.05+</td><td>100.05</td><td>+.01</td><td>.91</td><td>-.02</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>100.05</td><td>5/27</td><td>100.00</td><td>3/15</td></tr><tr><td>3,261</td><td>1-1/2%</td><td>B -12/15/46</td><td>100.27</td><td>100.28</td><td>100.28</td><td>+.02</td><td>1.15</td><td>-.03</td><td>-</td><td>6/5/42</td><td>100.29</td><td>5/10/44</td><td>100.01</td><td>1/2/43</td><td>100.29</td><td>5/10</td><td>100.24</td><td>4/1</td></tr><tr><td>2,707</td><td>1-1/2%</td><td>A - 9/15/47</td><td>100.22+</td><td>100.23+</td><td>100.23</td><td>+.01</td><td>1.28</td><td>-.01</td><td>-</td><td>7/12/43</td><td>100.24</td><td>5/11/44</td><td>100.16</td><td>10/14/43</td><td>100.24</td><td>5/11</td><td>100.17</td><td>3/21</td></tr><tr><td>3,748</td><td>1-1/2%</td><td>A - 9/15/48</td><td>100.12+</td><td>100.13+</td><td>100.13</td><td>+.01</td><td>1.40</td><td>-.01</td><td>-</td><td>3/15/44</td><td>100.14</td><td>5/13/44</td><td>100.05</td><td>3/8/44</td><td>100.14</td><td>5/13</td><td>100.05</td><td>3/8</td></tr><tr><th colspan="4">Certificate of indebtedness 5/1</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>2,545</td><td>7/8%</td><td>D - 8/1/44</td><td>.46%</td><td>.42%</td><td>.44%</td><td>+0.2%</td><td>-</td><td>-</td><td>-</td><td>8/2/43</td><td>.40%</td><td>5/13/44</td><td>.79%</td><td>10/15/43</td><td>.40%</td><td>5/13</td><td>.73%</td><td>1/13</td></tr><tr><td>4,122</td><td>7/8%</td><td>E - 9/1/44</td><td>.60%</td><td>.58%</td><td>.59%</td><td>+0.1%</td><td>-</td><td>-</td><td>-</td><td>9/15/43</td><td>.56%</td><td>5/13/44</td><td>.83%</td><td>10/15/43</td><td>.56%</td><td>5/13</td><td>.77%</td><td>1/31</td></tr><tr><td>3,519</td><td>7/8%</td><td>F -10/1/44</td><td>.66%</td><td>.64%</td><td>.65%</td><td>+0.1%</td><td>-</td><td>-</td><td>-</td><td>10/15/43</td><td>.61%</td><td>5/10/44</td><td>.84%</td><td>10/13/43</td><td>.61%</td><td>5/10</td><td>.78%</td><td>1/31</td></tr><tr><td>3,540</td><td>7/8%</td><td>G -12/1/44</td><td>.73%</td><td>.71%</td><td>.72%</td><td>+0.02%</td><td>-</td><td>-</td><td>-</td><td>12/1/43</td><td>.68%</td><td>5/11/44</td><td>.83%</td><td>11/22/43</td><td>.68%</td><td>5/11</td><td>.79%</td><td>1/31</td></tr><tr><td>5,048</td><td>7/8%</td><td>A - 2/1/45</td><td>.78%</td><td>.76%</td><td>.77%</td><td>+0.1%</td><td>-</td><td>-</td><td>-</td><td>2/1/44</td><td>.73%</td><td>5/11/44</td><td>.81%</td><td>3/21/44</td><td>.73%</td><td>5/11</td><td>.81%</td><td>3/21</td></tr><tr><td>4,878</td><td>7/8%</td><td>B - 4/1/45</td><td>.80%</td><td>.78%</td><td>.79%</td><td>+0.1%</td><td>-</td><td>-</td><td>-</td><td>4/1/44</td><td>.75%</td><td>5/12/44</td><td>.84%</td><td>3/29/44</td><td>.75%</td><td>5/12</td><td>.84%</td><td>3/29</td></tr><tr><td>1,615</td><td>7/8%</td><td>D - 5/1/45</td><td>.80%</td><td>.78%</td><td>.79%</td><td>+0.1%</td><td>-</td><td>-</td><td>-</td><td>5/1/44</td><td>.75%</td><td>5/13/44</td><td>.79%</td><td>5/27/44</td><td>.75%</td><td>5/13</td><td>.79%</td><td>5/27</td></tr></table>
Guaranteed by U. S. Government 6/
<table><tr><td></td><td>Commodity Credit Corp.</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>$412</td><td>1-1/8% 0 - 2/15/45</td><td>100.06</td><td>100.08</td><td>100.07</td><td>-.01</td><td>.81%</td><td>.00%</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>100.09</td><td>4/24</td><td>100.06</td><td>1/20</td></tr></table>
PART B - TAXABLE TREASURY BILLS
<table><tr><th>Amount out-standing (Millions)</th><th>Maturity date</th><th>Issue date</th><th colspan="4">Discount</th><th>Amount out-standing (Millions)</th><th>Maturity date</th><th>Issue date</th><th colspan="4">Discount</th></tr><tr><th></th><th></th><th></th><th>Bid</th><th>Aek</th><th>Mean</th><th>Change in mean from Apr. 29, 1944</th><th></th><th></th><th></th><th>Bid</th><th>Aek</th><th>Mean</th><th>Change in mean from Apr. 29, 1944</th></tr><tr><td>$1,007</td><td>6/1/44</td><td>3/2/44</td><td>.71</td><td>-.20</td><td>-.28</td><td>-.00%</td><td>$1.013</td><td>7/20/44</td><td>4/20/44</td><td>.37%</td><td>.30%</td><td>.34%</td><td>-.02%</td></tr><tr><td>1,035</td><td>6/8/44</td><td>3/9/44</td><td>.37</td><td>.20</td><td>.28</td><td>-.06</td><td>1,016</td><td>7/27/44</td><td>4/27/44</td><td>.37</td><td>.30</td><td>.34</td><td>-.02</td></tr><tr><td>1,016</td><td>6/15/44</td><td>3/16/44</td><td>.37</td><td>.20</td><td>.28</td><td>-.06</td><td>1,017</td><td>8/3/44</td><td>5/4/44</td><td>.37</td><td>.34</td><td>.36</td><td>-</td></tr><tr><td>1,001</td><td>6/22/44</td><td>3/23/44</td><td>.37</td><td>.20</td><td>.28</td><td>-.06</td><td>1,207</td><td>8/10/44</td><td>5/11/44</td><td>.37</td><td>.34</td><td>.36</td><td>-</td></tr><tr><td>1,010</td><td>6/29/44</td><td>3/30/44</td><td>.37</td><td>.20</td><td>.28</td><td>-.06</td><td>1,206</td><td>8/17/44</td><td>5/18/44</td><td>.37</td><td>.34</td><td>.36</td><td>-</td></tr><tr><td>1,008</td><td>7/6/44</td><td>4/6/44</td><td>.37</td><td>.30</td><td>.34</td><td>.00</td><td>1,214</td><td>8/24/44</td><td>5/25/44</td><td>.37</td><td>.34</td><td>.36</td><td>-</td></tr><tr><td>1,015</td><td>7/13/44</td><td>4/13/44</td><td>.37</td><td>.30</td><td>.34</td><td>-.02</td><td>g/</td><td>8/31/44</td><td>6/1/44</td><td>.37</td><td>.34</td><td>.36</td><td>-</td></tr></table>
(Continued on following page)
June 1944
51
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
May 31, 1944 - (Continued)
Table 1.- Securities Issued or Guaranteed by the United States Government - (Continued)
PART C - TAX-EXEMPT BONDS AND NOTES
<table><tr><th rowspan="2">Amount outstanding (M11-lions)</th><th rowspan="2">Description</th><th colspan="3">Price date (Price decimals are thirty-seconds)</th><th colspan="2">Yield date 1/</th><th rowspan="2">Date of issue</th><th colspan="4">Price range since first traded 2/ (Price decimals are thirty-seconds)</th><th colspan="4">1944 price range 2/ (Price decimals are thirty-seconds)</th></tr><tr><th>Bid</th><th>Ask</th><th>Mean</th><th>Change in mean from Apr. 29, 1944</th><th>Yield 3/</th><th>Change in yield from Apr. 29, 1944</th><th colspan="2">High</th><th colspan="2">Low</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></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 colspan="15">Treasury bonds</td></tr><tr><td>$1.037</td><td>4%</td><td>- 12/15/44-54</td><td>101.30</td><td>102.00</td><td>101.31</td><td>-.09</td><td>.34%</td><td>-.04%</td><td>3.77%</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>103.06</td><td>1/11</td><td>102.00</td><td>5/27</td></tr><tr><td>1.214</td><td>2-3/4%</td><td>- 9/15/45-47</td><td>102.26</td><td>102.28</td><td>102.27</td><td>-.07</td><td>.53</td><td>+.02</td><td>1.85</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>103.14</td><td>1/11</td><td>102.28</td><td>5/27</td></tr><tr><td>541</td><td>2-1/2%</td><td>- 12/15/45</td><td>103.02</td><td>103.04</td><td>103.03</td><td>-.06</td><td>.48</td><td>+.01</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>103.15</td><td>1/11</td><td>103.04</td><td>5/27</td></tr><tr><td>489</td><td>3-3/4%</td><td>- 3/15/46-56</td><td>105.18</td><td>105.20</td><td>105.19</td><td>-.05</td><td>.60</td><td>-.05</td><td>3.18</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>106.09</td><td>1/11</td><td>105.19</td><td>5/27</td></tr><tr><td>1.036</td><td>3%</td><td>- 6/15/46-48</td><td>104.28</td><td>104.30</td><td>104.29</td><td>.00</td><td>.58</td><td>-.09</td><td>1.74</td><td>6/15/34</td><td>112.28</td><td>12/16/40</td><td>97.28</td><td>9/17/34</td><td>105.09</td><td>1/12</td><td>104.27</td><td>4/15</td></tr><tr><td>819</td><td>3-1/8%</td><td>- 6/15/46-49</td><td>105.04</td><td>105.06</td><td>105.05</td><td>.00</td><td>.58</td><td>-.09</td><td>2.04</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>105.18</td><td>1/11</td><td>105.03</td><td>4/10</td></tr><tr><td>759</td><td>4-1/4%</td><td>- 10/15/47-52</td><td>111.04</td><td>111.06</td><td>111.05</td><td>-.08</td><td>.88</td><td>-.01</td><td>2.75</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>111.25</td><td>1/10</td><td>111.05</td><td>5/27</td></tr><tr><td>701</td><td>2%</td><td>- 12/15/47</td><td>104.07</td><td>104.09</td><td>104.08</td><td>-.04</td><td>.78</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>104.13</td><td>5/15</td><td>104.03</td><td>2/2</td></tr><tr><td>1.223</td><td>2-3/4%</td><td>- 3/15/48-51</td><td>106.19</td><td>106.21</td><td>106.20</td><td>-.08</td><td>.96</td><td>+.02</td><td>1.71</td><td>3/15/36</td><td>111.18</td><td>12/12/40</td><td>99.10</td><td>4/1/37</td><td>106.29</td><td>4/25</td><td>106.19</td><td>2/3</td></tr><tr><td>451</td><td>2-1/2%</td><td>- 9/15/48</td><td>106.16</td><td>106.18</td><td>106.17</td><td>-.09</td><td>.94</td><td>+.03</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>106.27</td><td>5/2</td><td>106.09</td><td>1/3</td></tr><tr><td>571</td><td>2%</td><td>- 12/15/48-50</td><td>104.23</td><td>104.25</td><td>104.24</td><td>-.03</td><td>.93</td><td>.00</td><td>1.24</td><td>12/8/39</td><td>107.00</td><td>12/12/40</td><td>101.11</td><td>5/24/40</td><td>104.29</td><td>5/3</td><td>104.09</td><td>1/4</td></tr><tr><td>491</td><td>3-1/8%</td><td>- 12/15/49-52</td><td>110.16</td><td>110.18</td><td>110.17</td><td>-.01</td><td>1.16</td><td>-.02</td><td>1.79</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>110.22</td><td>4/21</td><td>110.05</td><td>1/3</td></tr><tr><td>1.786</td><td>2-1/2%</td><td>- 12/15/49-53</td><td>106.29</td><td>106.31</td><td>106.30</td><td>.00</td><td>1.20</td><td>-.02</td><td>1.71</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>107.07</td><td>5/9</td><td>106.16</td><td>2/2</td></tr><tr><td>1.186</td><td>2-1/2%</td><td>- 9/15/50-52</td><td>107.15</td><td>107.17</td><td>107.16</td><td>-.03</td><td>1.26</td><td>.00</td><td>1.53</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>107.24</td><td>5/9</td><td>106.30</td><td>2/3</td></tr><tr><td>1.627</td><td>2-3/4%</td><td>- 6/15/51-54</td><td>109.10</td><td>109.12</td><td>109.11</td><td>-.01</td><td>1.35</td><td>-.01</td><td>1.73</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>109.20</td><td>4/12</td><td>108.31</td><td>2/3</td></tr><tr><td>755</td><td>3%</td><td>- 9/15/51-55</td><td>111.06</td><td>111.08</td><td>111.07</td><td>.00</td><td>1.38</td><td>-.01</td><td>1.89</td><td>9/15/31</td><td>113.24</td><td>12/30/40</td><td>82.08</td><td>1/11/32</td><td>111.16</td><td>2/24</td><td>110.31</td><td>2/5</td></tr><tr><td>1.118</td><td>2-1/4%</td><td>- 12/15/51-53</td><td>106.24</td><td>106.26</td><td>106.25</td><td>+.02</td><td>1.30</td><td>-.02</td><td>1.49</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>106.30</td><td>4/12</td><td>106.02</td><td>1/3</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>+.04</td><td>1.38</td><td>-.02</td><td>1.49</td><td>10/7/40</td><td>105.21</td><td>3/7/44</td><td>101.19</td><td>2/15/41</td><td>105.21</td><td>3/7</td><td>104.22</td><td>1/3</td></tr><tr><td>681</td><td>2-1/4%</td><td>- 6/15/54-56</td><td>107.06</td><td>107.08</td><td>107.07</td><td>+.04</td><td>1.47</td><td>-.02</td><td>1.59</td><td>7/22/40</td><td>107.22</td><td>3/7/44</td><td>102.02</td><td>7/24/40</td><td>107.22</td><td>3/7</td><td>106.22</td><td>1/3</td></tr><tr><td>2.611</td><td>2-7/8%</td><td>- 3/15/55-60</td><td>112.02</td><td>112.04</td><td>112.03</td><td>+.17</td><td>1.65</td><td>-.06</td><td>1.98</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>112.19</td><td>3/3</td><td>111.17</td><td>4/27</td></tr><tr><td>982</td><td>2-3/4%</td><td>- 9/15/56-59</td><td>111.11</td><td>111.13</td><td>111.12</td><td>+.11</td><td>1.72</td><td>-.03</td><td>1.89</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>112.02</td><td>3/6</td><td>111.01</td><td>5/1</td></tr><tr><td>919</td><td>2-3/4%</td><td>- 6/15/58-63</td><td>111.08</td><td>111.10</td><td>111.09</td><td>+.09</td><td>1.84</td><td>-.02</td><td>2.03</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>112.03</td><td>3/6</td><td>110.28</td><td>2/3</td></tr><tr><td>1.485</td><td>2-3/4%</td><td>- 12/15/60-65</td><td>111.15</td><td>111.17</td><td>111.16</td><td>+.13</td><td>1.93</td><td>-.03</td><td>2.08</td><td>12/15/38</td><td>112.28</td><td>7/5/43</td><td>99.14</td><td>9/25/39</td><td>112.10</td><td>3/3</td><td>111.03</td><td>5/1</td></tr><tr><td colspan="15">Other bonds 10/</td></tr><tr><td>16</td><td>3% Conversion</td><td>- 1/1/46</td><td>104.00</td><td>104.08</td><td>104.04</td><td>-.08</td><td>.38</td><td>+.01</td><td>-</td><td>1/1/16</td><td>115.00</td><td>1935</td><td>75.00</td><td>1920</td><td>105.04</td><td>1/17</td><td>104.04</td><td>5/27</td></tr><tr><td>13</td><td>3% Conversion</td><td>- 1/1/47</td><td>106.12</td><td>106.20</td><td>106.16</td><td>-.08</td><td>.47</td><td>+.02</td><td>-</td><td>1/1/17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>107.02</td><td>2/21</td><td>106.16</td><td>5/27</td></tr><tr><td>50</td><td>3% Panama Canal</td><td>- 6/1/61</td><td>132.00</td><td>133.04</td><td>132.18</td><td>-.02</td><td>.93</td><td>.00</td><td>-</td><td>6/1/11</td><td>132.24</td><td>3/30/44</td><td>75.00</td><td>6/18/21</td><td>132.24</td><td>3/30</td><td>130.28</td><td>3/1</td></tr><tr><td colspan="15">Treasury notes</td></tr><tr><td>146</td><td>3/4%</td><td>A - 6/15/44</td><td>100.00</td><td>-</td><td>100.00</td><td>.00</td><td>.75</td><td>.00</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>100.07</td><td>2/29</td><td>100.00</td><td>5/27</td></tr><tr><td>283</td><td>1%</td><td>C - 9/15/44</td><td>100.06</td><td>100.07</td><td>100.06</td><td>-.04</td><td>.35</td><td>+.19</td><td>-</td><td>12/22/39</td><td>102.16</td><td>12/9/40</td><td>100.07</td><td>5/27/44</td><td>100.18</td><td>1/4</td><td>100.07</td><td>5/27</td></tr><tr><td>718</td><td>3/4%</td><td>A - 3/15/45</td><td>100.11</td><td>100.12</td><td>100.12</td><td>-.03</td><td>.27</td><td>+.06</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>100.20</td><td>3/25</td><td>100.12</td><td>5/27</td></tr></table>
Guaranteed by U. S. Government 6/
<table><tr><td>$755</td><td>Home Owners' Loan Corp.</td><td>1-1/2% M - 6/1/45-47</td><td>100.31</td><td>101.01</td><td>101.00</td><td>-.02</td><td>.50%</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>101.04</td><td>1/13</td><td>100.31</td><td>5/23</td></tr><tr><td>1/</td><td colspan="10">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-seconds.</td><td>4/</td><td colspan="6">Included in the average of long-term taxable Treasury bonds.</td></tr><tr><td>2/</td><td colspan="10">Prices represent the mean of closing bid and ask quotations in the over-the-counter market except that prices of Treasury 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.</td><td>5/</td><td colspan="6">Quoted on yield basis. Excludes Federal Housing Administration debentures and issues held entirely by Government agencies.</td></tr><tr><td>3/</td><td colspan="10">Computed on mean price to call date when mean price is above par and to maturity date when mean price is below par.</td><td>7/</td><td colspan="6">Not quoted. This security was issued in the amount of $1,215 millions on June 1, 1944.</td></tr><tr><td></td><td colspan="10"></td><td>8/</td><td colspan="6">Included in the average of long-term partially tax-exempt Treasury bonds.</td></tr><tr><td></td><td colspan="10"></td><td>10/</td><td colspan="6">Excludes postal savings bonds.</td></tr></table>
52
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
May 31, 1944 - (Continued)
Table II. - Securities Issued by Federal Agencies but not Guaranteed by the United States
<table><tr><th>Amount outstanding (Millions)</th><th>Description</th><th colspan="4">Price date (Price decimals are thirty-seconds)</th><th colspan="2">Yield data 1/</th><th>Date of issue</th><th colspan="4">Price range since first traded 2/ (Price decimals are thirty-seconds)</th><th colspan="4">1944 price range 2/ (Prices decimals are thirty-seconds)</th></tr><tr><th></th><th></th><th>Bid</th><th>Ask</th><th>Mean</th><th>Change in mean from Apr.29, 1944</th><th>Yield 1/</th><th>Change in yield from Apr.29, 1944</th><th></th><th colspan="2">High</th><th colspan="2">Low</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td colspan="16">Taxable Debentures</td></tr><tr><td>$ 64</td><td>Federal Home Loan Banks .85% 6/15/44</td><td>.90%</td><td>.75%</td><td>.82%</td><td>.00%</td><td>-</td><td>-</td><td>12/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="16">Federal Intermediate Credit Banks 5/</td></tr><tr><td>15</td><td>.80% 6/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.80%</td><td>-</td><td>9/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>17</td><td>.80% 6/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.80</td><td>-</td><td>12/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>24</td><td>.85% 7/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.85</td><td>-</td><td>10/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>15</td><td>3/4% 7/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.75</td><td>-</td><td>2/1/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>28</td><td>7/8% 8/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.875</td><td>-</td><td>11/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>23</td><td>.90% 9/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.90</td><td>-</td><td>12/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>32</td><td>.90% 10/2/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.90</td><td>-</td><td>1/3/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>12</td><td>.80% 10/2/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.80</td><td>-</td><td>4/2/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>29</td><td>.95% 11/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.95</td><td>-</td><td>11/1/43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>16</td><td>.90% 11/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.90</td><td>-</td><td>2/1/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>25</td><td>.90% 12/1/44</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.90</td><td>-</td><td>3/1/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>18</td><td>.90% 1/2/45</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.90</td><td>-</td><td>4/1/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>31</td><td>7/8% 2/1/45</td><td>100.00</td><td>-</td><td>100.00</td><td>-</td><td>.875</td><td>-</td><td>5/1/44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="16">Tax-Exempt Bonds</td></tr><tr><td colspan="16">Federal Land Banks 6/</td></tr><tr><td>$125</td><td>4% 7/1/44-16</td><td>100.08</td><td>100.10</td><td>100.09</td><td>-.11</td><td>.50%</td><td>+.32%</td><td>3.85%</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>101.26</td><td>1/3</td><td>100.10</td><td>5/27</td></tr><tr><td>71</td><td>4% 7/15/44-64</td><td>100.12</td><td>100.14</td><td>100.13</td><td>-.11</td><td>.59</td><td>+.30</td><td>3.97</td><td>7/15/34</td><td>112.02</td><td>12/10/40</td><td>100.14</td><td>5/27/44</td><td>101.30</td><td>1/3</td><td>100.14</td><td>5/27</td></tr><tr><td>157</td><td>3-1/4% 5/1/45-55</td><td>102.16</td><td>102.20</td><td>102.18</td><td>-.12</td><td>.44</td><td>+.14</td><td>2.97</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>103.22</td><td>1/3</td><td>102.20</td><td>5/27</td></tr><tr><td>230</td><td>3% 7/1/45-55</td><td>102.22</td><td>102.28</td><td>102.25</td><td>-.09</td><td>.42</td><td>+.06</td><td>2.71</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>103.23</td><td>1/12</td><td>102.26</td><td>5/27</td></tr><tr><td>171</td><td>3% 1/1/46-56</td><td>104.00</td><td>104.06</td><td>104.03</td><td>-.11</td><td>.40</td><td>+.08</td><td>2.59</td><td>1/1/36</td><td>111.12</td><td>12/10/40</td><td>98.08</td><td>2/13/38</td><td>105.03</td><td>1/3</td><td>104.03</td><td>5/27</td></tr><tr><td>170</td><td>3% 5/1/46-56</td><td>104.28</td><td>105.02</td><td>104.31</td><td>-.14</td><td>.39</td><td>+.11</td><td>2.51</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>106.02</td><td>1/3</td><td>104.31</td><td>5/27</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-seconds.
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/ Quoted on a yield basis.
5/ Prices quoted are subject to a dealer's commission. Prior to May 15, 1944, these securities were quoted on a yield basis without allowance for dealers' commissions.
6/ Excludes issues completely held by Farm Credit Administration agencies.
June 1944
53
YIELDS OF TREASURY SECURITIES MAY 31, 1944
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.
54
Treasury Bulletin
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent per annum)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th></tr><tr><td colspan="12">Monthly Series 3/</td></tr><tr><td>1936-Jan.</td><td>2.81</td><td></td><td>3.32</td><td>1939-Jan.</td><td>2.54</td><td></td><td>2.96</td><td>1942-Jan.</td><td>2.10</td><td>2.48</td><td>2.76</td></tr><tr><td>Feb.</td><td>2.78</td><td></td><td>3.26</td><td>Feb.</td><td>2.51</td><td></td><td>2.90</td><td>Feb.</td><td>2.17</td><td>2.48</td><td>2.80</td></tr><tr><td>Mar.</td><td>2.73</td><td></td><td>3.24</td><td>Mar.</td><td>2.43</td><td></td><td>2.87</td><td>Mar.</td><td>2.10</td><td>2.46</td><td>2.80</td></tr><tr><td>Apr.</td><td>2.70</td><td></td><td>3.24</td><td>Apr.</td><td>2.38</td><td></td><td>2.92</td><td>Apr.</td><td>2.07</td><td>2.44</td><td>2.77</td></tr><tr><td>May.</td><td>2.68</td><td></td><td>3.22</td><td>May.</td><td>2.27</td><td></td><td>2.86</td><td>May.</td><td>2.06</td><td>2.45</td><td>2.76</td></tr><tr><td>June.</td><td>2.69</td><td></td><td>3.19</td><td>June.</td><td>2.22</td><td></td><td>2.78</td><td>June.</td><td>2.04</td><td>2.43</td><td>2.75</td></tr><tr><td>July.</td><td>2.68</td><td></td><td>3.18</td><td>July.</td><td>2.23</td><td></td><td>2.76</td><td>July.</td><td>2.04</td><td>2.46</td><td>2.74</td></tr><tr><td>Aug.</td><td>2.64</td><td></td><td>3.18</td><td>Aug.</td><td>2.27</td><td></td><td>2.79</td><td>Aug.</td><td>2.06</td><td>2.47</td><td>2.73</td></tr><tr><td>Sept.</td><td>2.65</td><td></td><td>3.15</td><td>Sept.</td><td>2.67</td><td></td><td>3.29</td><td>Sept.</td><td>2.08</td><td>2.46</td><td>2.73</td></tr><tr><td>Oct.</td><td>2.68</td><td></td><td>3.14</td><td>Oct.</td><td>2.60</td><td></td><td>3.14</td><td>Oct.</td><td>2.09</td><td>2.45</td><td>2.72</td></tr><tr><td>Nov.</td><td>2.60</td><td></td><td>3.11</td><td>Nov.</td><td>2.46</td><td></td><td>2.93</td><td>Nov.</td><td>2.10</td><td>2.47</td><td>2.71</td></tr><tr><td>Dec.</td><td>2.59</td><td></td><td>3.07</td><td>Dec.</td><td>2.35</td><td></td><td>2.86</td><td>Dec.</td><td>2.13</td><td>2.49</td><td>2.72</td></tr><tr><td>1937-Jan.</td><td>2.56</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>2.11</td><td>2.46</td><td>2.70</td></tr><tr><td>Feb.</td><td>2.54</td><td></td><td>3.24</td><td>Feb.</td><td>2.32</td><td></td><td>2.79</td><td>Feb.</td><td>2.11</td><td>2.46</td><td>2.68</td></tr><tr><td>Mar.</td><td>2.66</td><td></td><td>3.36</td><td>Mar.</td><td>2.26</td><td></td><td>2.77</td><td>Mar.</td><td>2.12</td><td>2.48</td><td>2.70</td></tr><tr><td>Apr.</td><td>2.83</td><td></td><td>3.43</td><td>Apr.</td><td>2.26</td><td></td><td>2.74</td><td>Apr.</td><td>2.05</td><td>2.48</td><td>2.68</td></tr><tr><td>May.</td><td>2.80</td><td></td><td>3.36</td><td>May.</td><td>2.39</td><td></td><td>2.87</td><td>May.</td><td>1.96</td><td>2.46</td><td>2.65</td></tr><tr><td>June.</td><td>2.81</td><td></td><td>3.31</td><td>June.</td><td>2.40</td><td></td><td>2.93</td><td>June.</td><td>1.91</td><td>2.45</td><td>2.63</td></tr><tr><td>July.</td><td>2.78</td><td></td><td>3.27</td><td>July.</td><td>2.30</td><td></td><td>2.85</td><td>July.</td><td>1.91</td><td>2.45</td><td>2.58</td></tr><tr><td>Aug.</td><td>2.78</td><td></td><td>3.25</td><td>Aug.</td><td>2.31</td><td></td><td>2.80</td><td>Aug.</td><td>1.92</td><td>2.46</td><td>2.57</td></tr><tr><td>Sept.</td><td>2.82</td><td></td><td>3.26</td><td>Sept.</td><td>2.25</td><td></td><td>2.71</td><td>Sept.</td><td>1.90</td><td>2.48</td><td>2.59</td></tr><tr><td>Oct.</td><td>2.82</td><td></td><td>3.26</td><td>Oct.</td><td>2.21</td><td></td><td>2.70</td><td>Oct.</td><td>1.90</td><td>2.48</td><td>2.60</td></tr><tr><td>Nov.</td><td>2.78</td><td></td><td>3.22</td><td>Nov.</td><td>2.09</td><td></td><td>2.65</td><td>Nov.</td><td>1.94</td><td>2.48</td><td>2.61</td></tr><tr><td>Dec.</td><td>2.73</td><td></td><td>3.17</td><td>Dec.</td><td>2.01</td><td></td><td>2.59</td><td>Dec.</td><td>1.95</td><td>2.49</td><td>2.63</td></tr><tr><td>1938-Jan.</td><td>2.69</td><td></td><td>3.17</td><td>1941-Jan.</td><td>2.12</td><td></td><td>2.57</td><td>1944-Jan.</td><td>1.95</td><td>2.49</td><td>2.65</td></tr><tr><td>Feb.</td><td>2.68</td><td></td><td>3.15</td><td>Feb.</td><td>2.22</td><td></td><td>2.71</td><td>Feb.</td><td>1.93</td><td>2.49</td><td>2.65</td></tr><tr><td>Mar.</td><td>2.68</td><td></td><td>3.16</td><td>Mar.</td><td>2.12</td><td></td><td>2.73</td><td>Mar.</td><td>1.91</td><td>2.48</td><td>2.64</td></tr><tr><td>Apr.</td><td>2.66</td><td></td><td>3.25</td><td>Apr.</td><td>2.07</td><td></td><td>2.76</td><td>Apr.</td><td>1.94</td><td>2.48</td><td>2.61</td></tr><tr><td>May.</td><td>2.56</td><td></td><td>3.14</td><td>May.</td><td>2.04</td><td></td><td>2.75</td><td>May.</td><td>1.94</td><td>2.49</td><td>2.58</td></tr><tr><td>June.</td><td>2.58</td><td></td><td>3.15</td><td>June.</td><td>2.01</td><td></td><td>2.70</td><td></td><td></td><td></td><td></td></tr><tr><td>July.</td><td>2.58</td><td></td><td>3.12</td><td>July.</td><td>1.98</td><td></td><td>2.66</td><td></td><td></td><td></td><td></td></tr><tr><td>Aug.</td><td>2.57</td><td></td><td>3.10</td><td>Aug.</td><td>2.01</td><td></td><td>2.65</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2.63</td><td></td><td>3.12</td><td>Sept.</td><td>2.02</td><td></td><td>2.64</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>2.55</td><td></td><td>3.06</td><td>Oct.</td><td>1.98</td><td>2.34</td><td>2.61</td><td></td><td></td><td></td><td></td></tr><tr><td>Nov.</td><td>2.56</td><td></td><td>3.04</td><td>Nov.</td><td>1.95</td><td>2.34</td><td>2.57</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2.56</td><td></td><td>3.02</td><td>Dec.</td><td>2.06</td><td>2.47</td><td>2.68</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="12">Weekly Series - Saturday Figures 4/</td></tr><tr><td>1943-Dec. 4.</td><td>1.95</td><td>2.49</td><td>2.62</td><td>1944-Feb. 5.</td><td>1.95</td><td>2.49</td><td>2.66</td><td>1944-Apr. 1.</td><td>1.94</td><td>2.48</td><td>2.61</td></tr><tr><td>11.</td><td>1.95</td><td>2.49</td><td>2.62</td><td>11.</td><td>1.94</td><td>2.49</td><td>2.66</td><td>8.</td><td>1.93</td><td>2.48</td><td>2.62</td></tr><tr><td>18.</td><td>1.95</td><td>2.49</td><td>2.63</td><td>19.</td><td>1.92</td><td>2.495/</td><td>2.65</td><td>15.</td><td>1.93</td><td>2.48</td><td>2.62</td></tr><tr><td>24.</td><td>1.95</td><td>2.49</td><td>2.64</td><td>26.</td><td>1.90</td><td>2.49</td><td>2.65</td><td>22.</td><td>1.93</td><td>2.48</td><td>2.60</td></tr><tr><td>31.</td><td>1.96</td><td>2.49</td><td>2.55</td><td>Mar. 4.</td><td>1.89</td><td>2.49</td><td>2.66</td><td>May 6.</td><td>1.95</td><td>2.49</td><td>2.59</td></tr><tr><td>1944-Jan. 8.</td><td>1.94</td><td>2.49</td><td>2.62</td><td>11.</td><td>1.90</td><td>2.49</td><td>2.64</td><td>13.</td><td>1.95</td><td>2.49</td><td>2.59</td></tr><tr><td>15.</td><td>1.95</td><td>2.49</td><td>2.64</td><td>18.</td><td>1.91</td><td>2.48</td><td>2.64</td><td>20.</td><td>1.94</td><td>2.49</td><td>2.57</td></tr><tr><td>22.</td><td>1.95</td><td>2.49</td><td>2.65</td><td>25.</td><td>1.93</td><td>2.48</td><td>2.62</td><td>27.</td><td>1.94</td><td>2.49</td><td>2.57</td></tr><tr><td>29.</td><td>1.95</td><td>2.49</td><td>2.67</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="12">Daily Series</td></tr><tr><td>1944-May 1.</td><td>1.96</td><td>2.49</td><td>2.60</td><td>1944-May 11.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>1944-May 22.</td><td>1.94</td><td>2.49</td><td>2.57</td></tr><tr><td>2.</td><td>1.95</td><td>2.49</td><td>2.61</td><td>12.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>23.</td><td>1.94</td><td>2.49</td><td>2.57</td></tr><tr><td>3.</td><td>1.95</td><td>2.49</td><td>2.60</td><td>13.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>24.</td><td>1.94</td><td>2.49</td><td>2.57</td></tr><tr><td>4.</td><td>1.95</td><td>2.49</td><td>2.60</td><td>15.</td><td>1.95</td><td>2.49</td><td>2.58</td><td>25.</td><td>1.94</td><td>2.49</td><td>2.58</td></tr><tr><td>5.</td><td>1.95</td><td>2.49</td><td>2.60</td><td>16.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>26.</td><td>1.94</td><td>2.49</td><td>2.58</td></tr><tr><td>6.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>17.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>27.</td><td>1.94</td><td>2.49</td><td>2.57</td></tr><tr><td>8.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>18.</td><td>1.94</td><td>2.49</td><td>2.57</td><td>29.</td><td>1.93</td><td>2.49</td><td>2.57</td></tr><tr><td>9.</td><td>1.94</td><td>2.49</td><td>2.59</td><td>19.</td><td>1.94</td><td>2.49</td><td>2.57</td><td>30.</td><td>1.93 6/</td><td>2.49 6/</td><td>2.57 6/</td></tr><tr><td>10.</td><td>1.95</td><td>2.49</td><td>2.59</td><td>20.</td><td>1.94</td><td>2.49</td><td>2.57</td><td>31.</td><td>1.93</td><td>2.49</td><td>2.57</td></tr></table>
Basis of Computation: (1) Treasury bond yields are computed on the basis of the mean of closing 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: For monthly and weekly figures back to January 1933, see "Treasury Bulletin" for April 1944, pages 57-61.
1/ Average of Treasury bonds neither due nor callable for fifteen years. For discussion of composition of average see "Treasury Bulletin" for March 1944, page 58. 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.) Taxable bonds are those the interest on which is subject to both the normal and surtax rates of the Federal income tax.
2/ For discussion of composition of high-grade corporate bond average, see "Treasury Bulletin" for April 1943, page 61.
3/ Monthly averages of daily figures. Prior to April 1, 1938, corporate bonds are averages of Saturday figures.
4/ On days when the exchanges are closed, the date and prices of the previous day are used.
5/ Indicates change in composition of average.
6/ Holiday.
June 1944
55
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
Monthly average of daily yields
56
Treasury Bulletin
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
June 1944
57
Assets and Liabilities of Government Corporations and Credit Agencies
April 30, 1944
(In millions of dollars)
<table><tr><th rowspan="2">Corporation or agency</th><th colspan="2">Total</th><th rowspan="2">Preferred capital stock, etc.</th><th colspan="5">Investments</th><th colspan="4">Interagency assets</th></tr><tr><th>Total</th><th>Loans</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 3/</th></tr><tr><td>Banks for cooperatives</td><td>252.0</td><td>170.9</td><td>-</td><td>23.6</td><td>33.8</td><td>-</td><td>22.1</td><td>1.5</td><td>.1</td><td>*</td><td>-</td><td>.1</td></tr><tr><td>Commodity Credit Corporation</td><td>1,781.8</td><td>400.2</td><td>-</td><td>4.1</td><td>-</td><td>-</td><td>-</td><td>614.64/</td><td>18.9</td><td>*</td><td>-</td><td>743.95/</td></tr><tr><td>Disaster Loan Corporation</td><td>20.7</td><td>2.3</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>16.9</td><td>*</td><td>1.4</td><td>-</td><td>.1</td></tr><tr><td>Export-Import Bank of Washington</td><td>277.3</td><td>217.2</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>59.8</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Farm Credit Administration</td><td>421.1</td><td>233.1</td><td>-</td><td>8.3</td><td>-</td><td>-</td><td>-</td><td>.9</td><td>-</td><td>-</td><td>177.0</td><td>1.8</td></tr><tr><td>Farm Security Administration</td><td>514.1</td><td>407.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>60.8</td><td>.3</td><td>45.0</td><td>-</td><td>.4</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>15.4</td><td>-</td><td>-</td><td>5.6</td><td>-</td><td>-</td><td>-</td><td>9.8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>774.1</td><td>26.4</td><td>-</td><td>17.7</td><td>687.8</td><td>-</td><td>-</td><td>29.8</td><td>.1</td><td>.3</td><td>-</td><td>12.0</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,072.9</td><td>375.5</td><td>-</td><td>17.1</td><td>-</td><td>270.0</td><td>363.9</td><td>37.2</td><td>-</td><td>2.7</td><td>-</td><td>6.6</td></tr><tr><td>Federal home loan banks</td><td>293.5</td><td>82.6</td><td>-</td><td>24.7</td><td>185.1</td><td>.2</td><td>-</td><td>.8</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Housing Administration</td><td>138.8</td><td>-</td><td>-</td><td>20.7</td><td>69.0</td><td>-</td><td>*</td><td>33.6</td><td>1.2</td><td>.2</td><td>-</td><td>8.0</td></tr><tr><td>Federal intermediate credit banks</td><td>385.3</td><td>301.6</td><td>-</td><td>20.2</td><td>36.0</td><td>-</td><td>-</td><td>1.9</td><td>-</td><td>25.5</td><td>-</td><td>.2</td></tr><tr><td>Federal land banks 6/</td><td>1,887.5</td><td>1,273.7</td><td>-</td><td>36.4</td><td>237.2</td><td>177.6</td><td>17.0</td><td>115.9</td><td>5.0</td><td>6.0</td><td>-</td><td>18.8</td></tr><tr><td>Federal National Mortgage Association</td><td>63.7</td><td>61.3</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>-</td><td>1.6</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>19.7</td><td>-</td><td>-</td><td>8.9</td><td>-</td><td>-</td><td>-</td><td>2.5</td><td>6.4</td><td>-</td><td>-</td><td>1.9</td></tr><tr><td>Federal Public Housing Authority</td><td>553.3</td><td>319.6</td><td>-</td><td>36.7</td><td>7.2</td><td>-</td><td>*</td><td>4.8</td><td>185.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>150.4</td><td>-</td><td>-</td><td>.8</td><td>144.8</td><td>-</td><td>-</td><td>4.8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Security Agency - student war loans 7/</td><td>3.4</td><td>3.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Works Agency:</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 Works Administration</td><td>72.4</td><td>72.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>War Public Works - community facilities</td><td>4.2</td><td>4.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>1,679.9</td><td>1,260.4</td><td>46.5</td><td>49.2</td><td>15.0</td><td>145.0</td><td>-</td><td>4.0</td><td>2.6</td><td>-</td><td>100.0</td><td>57.1</td></tr><tr><td>Inland Waterway Corporation 1/</td><td>24.4</td><td>.4</td><td>46.5</td><td>.9</td><td>6.3</td><td>-</td><td>-</td><td>.6</td><td>16.1</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.9</td><td>2.9</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 1/</td><td>68.9</td><td>-</td><td>-</td><td>8.4</td><td>15.5</td><td>-</td><td>*</td><td>.4</td><td>42.5</td><td>2.0</td><td>-</td><td>.1</td></tr><tr><td>Production credit corporations</td><td>123.1</td><td>-</td><td>-</td><td>.6</td><td>57.5</td><td>-</td><td>64.5</td><td>.h</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>22.4</td><td>6.6</td><td>-</td><td>2.9</td><td>-</td><td>-</td><td>*</td><td>.3</td><td>-</td><td>*</td><td>-</td><td>12.6</td></tr><tr><td>Reconstruction Finance Corporation 8/</td><td>9,905.9</td><td>1,355.4</td><td>322.1</td><td>10.42/</td><td>71.8</td><td>-</td><td>6.3</td><td>27.12/</td><td>.9</td><td>7,696.3</td><td>360.7</td><td>54.7</td></tr><tr><td>Regional agricultural credit corporations</td><td>64.4</td><td>20.6</td><td>-</td><td>43.3</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>.4</td></tr><tr><td>EPC Mortgage Company, The</td><td>124.1</td><td>109.9</td><td>-</td><td>*</td><td>-</td><td>.5</td><td>-</td><td>2.3</td><td>6.5</td><td>-</td><td>-</td><td>4.8</td></tr><tr><td>Rural Electrification Administration</td><td>364.2</td><td>349.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7.9</td><td>-</td><td>6.8</td><td>-</td><td>-</td></tr><tr><td>Tennessee Valley Authority</td><td>718.8</td><td>-</td><td>-</td><td>14.6</td><td>-</td><td>-</td><td>-</td><td>6.7</td><td>695.2</td><td>2.3</td><td>-</td><td>.1</td></tr><tr><td>Tennessee Valley Associated Cooperative, Inc. 10/</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>7,978.2</td><td>14.1</td><td>-</td><td>*</td><td>-</td><td>120.6</td><td>-</td><td>38.2</td><td>25.4</td><td>4.3</td><td>-</td><td>7,775.6</td></tr><tr><td>War corporations and activities (World War I) 11/</td><td>4.8</td><td>-</td><td>-</td><td>.5</td><td>.1</td><td>-</td><td>-</td><td>3.5</td><td>*</td><td>-</td><td>-</td><td>.7</td></tr><tr><td>War corporations (World War II) 12/</td><td>9,089.9</td><td>206.9</td><td>1.1</td><td>158.7</td><td>-</td><td>-</td><td>3.0</td><td>625.1</td><td>133.8</td><td>329.5</td><td>-</td><td>7,631.6</td></tr><tr><td>War Shipping Administration</td><td>1,326.8</td><td>-</td><td>-</td><td>2.7</td><td>-</td><td>-</td><td>-</td><td>735.1</td><td>531.2</td><td>50.7</td><td>-</td><td>7.1</td></tr><tr><td>Other Government agencies 13/</td><td>11,901.5</td><td>25.2</td><td>4.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11,844.0</td><td>-</td><td>27.6</td></tr><tr><td>Gross total</td><td>52,102.0</td><td>7,303.8</td><td>374.5</td><td>517.6</td><td>1,567.0</td><td>593.9</td><td>597.3</td><td>2,455.2</td><td>1,671.3</td><td>20,017.0</td><td>637.7</td><td>16,366.7</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-20,654.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-20,017.0</td><td>-637.7</td><td>-</td><td>-</td></tr><tr><td>Net total</td><td>31,447.2</td><td>7,303.8</td><td>374.5</td><td>517.6</td><td>1,567.0</td><td>593.9</td><td>597.3</td><td>2,455.2</td><td>1,671.3</td><td>0</td><td>0</td><td>16,366.7</td></tr></table>
(Continued on following page)
58
Treasury Bulletin
Assets and Liabilities of Government Corporations and Credit Agencies April 30, 1944 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Corporation or agency</th><th colspan="6">Liabilities and reserves</th><th colspan="5">Proprietary interest</th></tr><tr><th>Total</th><th>Guaranteed by United States (Include accrued interest)</th><th>Not guaranteed by United States</th><th colspan="2">Due to Government corporations and agencies</th><th>He-reserve</th><th>Excess of assets (Total proprietary interest)</th><th>Privately owned</th><th colspan="3">Owned by United States 1/</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>Banks for cooperatives</td><td>40.2</td><td>-</td><td>13.6</td><td>-</td><td>25.5</td><td>1.1</td><td>211.8</td><td>6.8</td><td>205.0</td><td>177.0</td><td>28.0</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>1,941.0</td><td>575.9</td><td>446.6</td><td>902.9</td><td>.2</td><td>15.4</td><td>-159.2</td><td>-</td><td>-159.2</td><td>100.0</td><td>-259.2</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>20.6</td><td>-</td><td>20.6</td><td>24.0</td><td>-3.4</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>81.9</td><td>-</td><td>74.9</td><td>-</td><td>7.0</td><td>-</td><td>195.4</td><td>-</td><td>195.4</td><td>175.0</td><td>20.4</td><td>-</td></tr><tr><td>Farm Credit Administration</td><td>204.0</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>204.0</td><td>217.1</td><td>-</td><td>217.1</td><td>-</td><td>-</td><td>217.1</td></tr><tr><td>Farm Security Administration</td><td>187.3</td><td>-</td><td>25.4</td><td>-</td><td>161.8</td><td>-</td><td>326.8</td><td>-</td><td>326.8</td><td>-</td><td>-</td><td>326.8</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>11.5</td><td>-</td><td>4.5</td><td>-</td><td>7.0</td><td>-</td><td>3.9</td><td>-</td><td>3.9</td><td>40.0</td><td>-36.1</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>484.8</td><td>-</td><td>14.6</td><td>-</td><td>-</td><td>470.2</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>962.9</td><td>151.9</td><td>7.6</td><td>706.6</td><td>.6</td><td>96.2</td><td>110.1</td><td>-</td><td>110.1</td><td>100.0</td><td>10.1</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>91.0</td><td>-</td><td>91.0</td><td>-</td><td>-</td><td>-</td><td>202.5</td><td>77.8</td><td>124.7</td><td>124.7</td><td>-</td><td>106.8</td></tr><tr><td>Federal Housing Administration</td><td>32.0</td><td>23.1</td><td>8.7</td><td>-</td><td>-</td><td>.2</td><td>106.8</td><td>-</td><td>106.8</td><td>-</td><td>-</td><td>106.8</td></tr><tr><td>Federal intermediate credit banks</td><td>295.4</td><td>-</td><td>295.3</td><td>-</td><td>*</td><td>.1</td><td>89.9</td><td>-</td><td>89.9</td><td>60.0</td><td>29.9</td><td>-</td></tr><tr><td>Federal land banks 6/</td><td>1,418.9</td><td>-</td><td>1,340.6</td><td>-</td><td>.7</td><td>77.6</td><td>468.6</td><td>211.4</td><td>257.2</td><td>120.1</td><td>137.1</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>49.9</td><td>-</td><td>1.6</td><td>-</td><td>48.2</td><td>-</td><td>13.9</td><td>-</td><td>13.9</td><td>10.0</td><td>3.9</td><td>4.7</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>.6</td><td>-</td><td>.6</td><td>-</td><td>-</td><td>-</td><td>19.1</td><td>-</td><td>19.1</td><td>-</td><td>14.4</td><td>4.7</td></tr><tr><td>Federal Public Bonding Authority</td><td>405.8</td><td>.1</td><td>.1</td><td>399.2</td><td>*</td><td>6.4</td><td>147.5</td><td>-</td><td>147.5</td><td>1.0</td><td>146.5</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>2.4</td><td>-</td><td>2.4</td><td>-</td><td>-</td><td>-</td><td>148.0</td><td>-</td><td>148.0</td><td>100.0</td><td>48.0</td><td>-</td></tr><tr><td>Federal Security Agency - student war loans 7/</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>3.3</td><td>-</td><td>3.3</td><td>-</td><td>-1.1</td><td>3.4</td></tr><tr><td colspan="14">Federal Worke Agency:</td></tr><tr><td>Public Worke Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>72.4</td><td>-</td><td>72.4</td><td>-</td><td>-</td><td>72.4</td></tr><tr><td>War Public Worke - community facilities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.2</td><td>-</td><td>4.2</td><td>-</td><td>-</td><td>4.2</td></tr><tr><td>Home Owners' Loan Corporation</td><td>1,612.8</td><td>941.4</td><td>28.0</td><td>613.2</td><td>.1</td><td>30.1</td><td>67.1</td><td>-</td><td>67.1</td><td>200.0</td><td>-132.9</td><td>-</td></tr><tr><td>Inland Waterway Corporation 7/</td><td>1.2</td><td>-</td><td>.9</td><td>-</td><td>*</td><td>.4</td><td>23.1</td><td>-</td><td>23.1</td><td>12.0</td><td>11.1</td><td>-</td></tr><tr><td>Interior Department (Indian loans)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.9</td><td>-</td><td>2.9</td><td>-</td><td>-</td><td>2.9</td></tr><tr><td>Panama Railroad Company 7/</td><td>14.0</td><td>-</td><td>9.4</td><td>-</td><td>.2</td><td>4.4</td><td>54.9</td><td>-</td><td>54.9</td><td>7.0</td><td>47.9</td><td>-</td></tr><tr><td>Production credit corporations</td><td>.3</td><td>-</td><td>*</td><td>-</td><td>-</td><td>.3</td><td>122.8</td><td>-</td><td>122.8</td><td>115.0</td><td>7.8</td><td>-</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>22.4</td><td>-</td><td>22.4</td><td>-</td><td>-</td><td>22.4</td></tr><tr><td>Reconstruction Finance Corporation 8/</td><td>9,198.3</td><td>592.6 9/</td><td>660.2 9/</td><td>7,768.6</td><td>51.9</td><td>125.0</td><td>707.6</td><td>-</td><td>707.6</td><td>325.0</td><td>382.69/</td><td>-</td></tr><tr><td>Regional agricultural credit corporations</td><td>2.2</td><td>-</td><td>1.9</td><td>-</td><td>-</td><td>.3</td><td>62.2</td><td>-</td><td>62.2</td><td>44.5</td><td>17.7</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>95.9</td><td>-</td><td>4.8</td><td>-</td><td>91.1</td><td>*</td><td>28.2</td><td>-</td><td>28.2</td><td>25.0</td><td>3.2</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>231.3</td><td>-</td><td>-</td><td>-</td><td>231.3</td><td>-</td><td>132.9</td><td>-</td><td>132.9</td><td>-</td><td>-</td><td>132.9</td></tr><tr><td>Tennessee Valley Authority</td><td>80.4</td><td>-</td><td>17.3</td><td>56.9</td><td>1.7</td><td>4.5</td><td>638.4</td><td>-</td><td>638.4</td><td>-</td><td>-</td><td>638.4</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc. 10/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>*</td><td>.3</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>1,372.7</td><td>-</td><td>1,347.7</td><td>-</td><td>1.7</td><td>23.3</td><td>6,605.5</td><td>-</td><td>6,605.5</td><td>-</td><td>-</td><td>6,605.5</td></tr><tr><td>War corporations and activitiee (World War I) 11/</td><td>.1</td><td>-</td><td>*</td><td>-</td><td>.1</td><td>*</td><td>4.6</td><td>-</td><td>4.6</td><td>25.3</td><td>-23.9</td><td>3.3</td></tr><tr><td>War corporations (World War II) 12/</td><td>9,825.5</td><td>-</td><td>1,107.6</td><td>-</td><td>8,716.6</td><td>1.3</td><td>-735.7</td><td>-</td><td>-735.7</td><td>186.8</td><td>-937.9</td><td>15.4</td></tr><tr><td>War Shipping Administration</td><td>677.1</td><td>-</td><td>408.6</td><td>-</td><td>.4</td><td>268.1</td><td>649.7</td><td>-</td><td>649.7</td><td>-</td><td>-</td><td>649.7</td></tr><tr><td>Other Government agencies 13/</td><td>223.6</td><td>-</td><td>-</td><td>-</td><td>223.6</td><td>-</td><td>11,677.9</td><td>-</td><td>11,677.9</td><td>4.7</td><td>-</td><td>11,673.8</td></tr><tr><td>Grose total</td><td>29,545.4</td><td>2,284.9</td><td>5,914.5</td><td>10,447.5</td><td>9,569.6</td><td>1,329.0</td><td>22,556.7</td><td>435.2</td><td>22,121.5</td><td>2,127.2</td><td>-485.0</td><td>20,479.2</td></tr><tr><td>Adjustment to eliminate interagency intereste</td><td>-20,017.0</td><td></td><td></td><td>-10,447.5</td><td>-9,569.6</td><td></td><td>-637.7</td><td></td><td>-637.7</td><td>-636.7</td><td>-1.0</td><td></td></tr><tr><td>Net total</td><td>9,528.3</td><td>2,284.9</td><td>5,914.5</td><td>0</td><td>0</td><td>1,329.0</td><td>21,918.9</td><td>435.2</td><td>21,483.7</td><td>1,490.5</td><td>-486.0</td><td>20,479.2</td></tr></table>
Source: Daily Treasury Statement.
1/ Less than $50,000.
2/ Excludes unexpended balances of appropriated funds.
3/ Includes deposits with the Reconstruction Finance Corporation and interest thereon.
4/ Includes real estate and other property held for sale.
5/ Includes interagency transactions of "land-lease" funds.
6/ Includes commodities acquired pursuant to guaranty purchase agreement.
7/ Includes the assets and liabilities of the Federal Land Banks of Louisville and Rouetown which have retired stock and paid-in surplus previously held by the Federal Government.
8/ Figures shown are as of March 31, 1944, the latest available.
9/ 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.
10/ Adjusted for interagency items and items in transit.
10/ Figures shown are as of February 29, 1944, the latest available.
11/ Comprises Navy Department (sale of surplus supplies), U. S. Housing Corporation, U. S. Railroad Administration and U. S. Spruce Production Corporation.
12/ Comprises Cargoe, Inc., Defense Homee Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Educational Foundation, Inc., Inter-American Navigation Corporation, Metals Reserve Company, Petroleum Reserves Corporation, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plante Corporation, U. S. Commercial Company and War Damage Corporation.
13/ Comprises Treasury Department and other Government agencies not listed in this statement.
14/ Excludes the interest of the United States represented by obligations held by the Treasury.
June 1944
59
Sources of Funds of Certain Government Corporations and Credit Agencies for the First Ten Months, 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 (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 4,500,000</td><td>$ 10,592,322</td><td>-</td><td>-</td><td>$-131,800</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>$-1,050,000,000</td><td>$ -23,957,544</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>3,000,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>-177</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>-94,678,600</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>-</td><td>-</td><td>29,300,000</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>55,149,632</td><td>-</td><td>-55,548,000</td><td>-</td></tr><tr><td>Federal Public Housing Authority</td><td>8,604,050</td><td>-</td><td>115,000,000</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>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>-196,000,000</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>-</td><td>-</td><td>3,186,290,000</td><td>-894,969,000</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>-</td><td>10,070,085</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,970,795</td><td>-2,624,247</td><td>-</td><td>-</td><td>-</td></tr><tr><td>War corporations 3/</td><td>4,000,000</td><td>2,454,040,789</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$20,074,845</td><td>$2,530,228,404</td><td>$2,055,290,000</td><td>$-1,154,010,144</td><td>$-131,800</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans &frac12;/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 163,912,982</td><td>$ 1,461,042</td><td>$ 22,748</td><td>$ 180,357,295</td></tr><tr><td>Commodity Credit Corporation</td><td>$3,255,041,130</td><td>44,231,885</td><td>3,089,749</td><td>37,047,342</td><td>2,265,452,561</td></tr><tr><td>Disaster Loan Corporation</td><td>36,595</td><td>1,487,440</td><td>96,677</td><td>-18,769</td><td>1,601,943</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>16,282,445</td><td>9,333,976</td><td>-</td><td>28,616,421</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>21,372,441</td><td>88,372,888</td><td>4,515,094</td><td>114,260,247</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>8,709,525</td><td>114,566,325</td><td>38,118,061</td><td>3,590,257</td><td>70,305,568</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>161,275,061</td><td>4,114,868</td><td>2,942,188</td><td>197,632,117</td></tr><tr><td>Federal National Mortgage Association</td><td>313,314</td><td>104,062,257</td><td>6,457,784</td><td>-97,905,934</td><td>12,529,053</td></tr><tr><td>Federal Public Housing Authority</td><td>-</td><td>1,299,230</td><td>9,094,997</td><td>40,484</td><td>19,881,761</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>5,395,229</td><td>1,181,054</td><td>6,576,283</td></tr><tr><td>Home Owners' Loan Corporation</td><td>74,629,540</td><td>194,006,511</td><td>60,330,781</td><td>-11,526,777</td><td>121,440,055</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>3,896,541</td><td>346,574,850</td><td>79,925,307</td><td>18,320,037</td><td>2,740,037,734</td></tr><tr><td>RPC Mortgage Company, The</td><td>156,515</td><td>27,063,947</td><td>3,753,301</td><td>2,090,509</td><td>43,134,357</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>9,734,900</td><td>9,036,594</td><td>57</td><td>19,118,100</td></tr><tr><td>War corporations 3/</td><td>1,521,537,399</td><td>10,854,103</td><td>13,771,333</td><td>939,119,307</td><td>4,943,322,931</td></tr><tr><td>Total</td><td>$4,864,320,559</td><td>$1,216,724,377</td><td>$332,352,587</td><td>$899,417,597</td><td>$10,764,266,426</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Includes the Electric Home and Farm Authority, which was transferred for purposes of liquidation to the Reconstruction Finance Corporation by Executive order effective October 31, 1942.
3/ Comprises Cargoes, Incorporated, Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation,
Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Educational Foundation, Inc., Inter-American Navigation Corporation, Metals Reserve Company, Petroleum Reserves Corporation, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plants Corporation, U. S. Commercial Company and War Damage Corporation. Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
60
Treasury Bulletin
Uses of Funds of Certain Government Corporations and Credit Agencies
for the First Ten Months, Fiscal Year 1944
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 107,757</td><td>-</td><td>-</td><td>$212,325,627</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>4,645,422</td><td>-</td><td>$3,315,214,498</td><td>128,103,853</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>261,614</td><td>$ -15,641</td><td>-</td><td>264,780</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>221,004</td><td>4,980</td><td>-</td><td>28,230,876</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>3,280,804</td><td>-</td><td>-</td><td>5,761,465</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>6,701,299</td><td>-</td><td>1,450,104</td><td>25,634,161</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>1,103,511</td><td>-</td><td>-</td><td>153,728,625</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>697,825</td><td>431,201</td><td>-</td><td>313,696</td><td>-</td></tr><tr><td>Federal Public Housing authority</td><td>2,425,428</td><td>634,290</td><td>12,004,280</td><td>4,066,350</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>297,857</td><td>21,090</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>7,844,688</td><td>12,321,985</td><td>1,031,358</td><td>2,012,790</td><td>$2,139,275</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>7,596,502</td><td>721,451</td><td>-8,261</td><td>194,593,646</td><td>-</td></tr><tr><td>EPC Mortgage Company, The</td><td>713,300</td><td>447,800</td><td>-96,236</td><td>39,949,833</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,122,424</td><td>-</td><td>-</td><td>14,817,165</td><td>-</td></tr><tr><td>War corporations 3/</td><td>11,927,488</td><td>221,000,273</td><td>3,750,157,243</td><td>18,248,245</td><td>-</td></tr><tr><td>Total</td><td>$49,946,923</td><td>$235,567,429</td><td>$7,079,752,986</td><td>$828,051,112</td><td>$2,139,275</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, re-discounts, and loans to other government corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$-17,542,840</td><td>-</td><td>$ 557,723</td><td>$ 45,610</td><td>$ 195,493,877</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$ -102,736,920</td><td>-366,526</td><td>169,511,440</td><td>3,514,371,767</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>1,091,248</td><td>-</td><td>-59</td><td>1,601,943</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-9,400,000</td><td>10,812,849</td><td>-</td><td>29,869,709</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>115,537,095</td><td>-</td><td>-</td><td>-756,938</td><td>123,822,426</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>16,050,000</td><td>-</td><td>16,194,559</td><td>2,092,753</td><td>68,122,876</td></tr><tr><td>Federal home loan banks</td><td>30,285,971</td><td>-</td><td>2,138,299</td><td>473,342</td><td>187,729,748</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>11,103,970</td><td>-17,639</td><td>12,529,053</td></tr><tr><td>Federal Public Housing Authority</td><td>-</td><td>-</td><td>801,227</td><td>8,604,050</td><td>28,535,625</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>7,536,850</td><td>-</td><td>-</td><td>-1,124,436 1/2</td><td>6,731,361</td></tr><tr><td>Home Owners' Loan Corporation</td><td>88,156,840</td><td>-</td><td>18,349,539</td><td>445,619</td><td>131,410,856</td></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>-2,000,000</td><td>2,464,352,962</td><td>66,267,100</td><td>816,830</td><td>2,732,340,230</td></tr><tr><td>EFC Mortgage Company, The</td><td>-</td><td>-</td><td>1,914,756</td><td>204,904</td><td>43,134,357</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>6,686,604</td><td>-</td><td>23,626,193</td></tr><tr><td>War corporations 3/</td><td>2,000,000</td><td>69,496,504</td><td>1,783,271</td><td>888,182,835</td><td>4,962,795,859</td></tr><tr><td>Total</td><td>$240,023,916</td><td>$2,422,803,794</td><td>$136,243,371</td><td>$1,067,587,073</td><td>$12,062,115,880</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts from the repayment of mortgage loans appear under "Re-payment of loans" in the statement of sources of funds.
2/ Includes the Electric Home and Farm Authority, which was transferred for purposes of liquidation to the Reconstruction Finance Corporation by Executive order effective October 31, 1942.
3/ Comprises Cargoes, Incorporated, Defence Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Insti-
tute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Educational Foundation, Inc., Inter-American Navigation Corporation, Metals Reserve Company, Petroleum Reserves Corporation, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plants Corporation, U. S. Commercial Company and War Damage Corporation. Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
June 1944
61
Sources of Funds of Certain Government Corporations and Credit Agencies from Inception of Organization through April 30, 1944
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, re-discounts, and loans from other government corporations and credit agencies (nat)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net) 2/</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 76,500,000</td><td>$ 28,148,008</td><td>-</td><td>-</td><td>$ 1,146,800</td></tr><tr><td>Commodity Credit Corporation</td><td>243,950,524 3/</td><td>-</td><td>$ 900,000,000</td><td>$ 452,561,000</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>7,000,000</td><td>-</td><td>-</td><td>174,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>150,000,000</td><td>199,707</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>835,085,600</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>-</td><td>-</td><td>64,300,000</td><td>124,741,000 5/</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>46,444,647</td><td>-</td><td>-</td><td>11,000,000</td></tr><tr><td>Federal Public Housing Authority</td><td>33,159,999</td><td>32,848,722</td><td>398,000,000</td><td>-</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>-</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>8,334,662,124</td><td>1,072,000</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>-</td><td>88,320,524</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration</td><td>142,924,104</td><td>228,925,934</td><td>-</td><td>-</td><td>-</td></tr><tr><td>War corporations 7/</td><td>154,000,000</td><td>7,278,112,538</td><td>-</td><td>-</td><td>36,601,000</td></tr><tr><td>Total</td><td>$1,450,534,627</td><td>$7,710,000,080</td><td>$9,632,662,124</td><td>$4,466,472,150</td><td>$611,788,357</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans &/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 579,235,130</td><td>$ 13,993,546</td><td>$ 4,707,561</td><td>$ 703,731,045</td></tr><tr><td>Commodity Credit Corporation</td><td>$ 7,111,925,122</td><td>1,204,975,060</td><td>45,018,266</td><td>118,380,934</td><td>10,075,810,906</td></tr><tr><td>Disaster Loan Corporation</td><td>208,955</td><td>26,245,577</td><td>1,013,229</td><td>41,481</td><td>51,509,242</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>152,157,809</td><td>32,287,919</td><td>707,119</td><td>367,152,847</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>151,842,686</td><td>531,487,112</td><td>5,240,028</td><td>978,069,091</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>40,856,173</td><td>654,045,117</td><td>595,632,569</td><td>27,882,081</td><td>2,253,501,540</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>1,096,363,699</td><td>56,193,920</td><td>90,398,724 2/</td><td>1,141,397,343</td></tr><tr><td>Federal National Mortgage Association</td><td>2,366,135</td><td>207,185,196</td><td>46,993,613</td><td>1,629,307</td><td>315,618,899</td></tr><tr><td>Federal Public Housing Authority</td><td>974,105</td><td>856,772,033</td><td>61,525,461</td><td>1,630,010</td><td>1,384,910,330</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>56,633,625</td><td>3,489,855</td><td>160,123,480</td></tr><tr><td>Home Owners' Loan Corporation</td><td>322,331,695</td><td>1,574,576,093</td><td>1,136,284,200</td><td>32,329,392</td><td>6,379,974,929</td></tr><tr><td>Reconstruction Finance Corporation 6/</td><td>37,325,746</td><td>6,445,344,300</td><td>858,393,652</td><td>146,435,633</td><td>16,118,233,455</td></tr><tr><td>RFC Mortgage Company, The</td><td>1,285,006</td><td>189,969,206</td><td>23,206,251</td><td>7,585,841</td><td>335,366,830</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>34,408,340</td><td>33,544,400</td><td>339</td><td>439,803,118</td></tr><tr><td>War corporations 1/</td><td>2,797,557,221</td><td>126,334,547</td><td>26,389,783</td><td>2,523,836,874</td><td>12,942,831,962</td></tr><tr><td>Total</td><td>$10,314,830,158</td><td>$13,299,454,793</td><td>$3,518,597,546</td><td>$2,964,295,179</td><td>$53,968,635,017</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 N.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 N.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 mortgages" in the statement of uses of funds.
3/ Includes $3,000,000 N.I.R.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 net of repayments to the Treasury of $143,756,731 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 Law 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 amount 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 Rane 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 Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Transportation, Inter-American Educational Foundation, Inc., Inter-American Navigation Corporation, Metals Reserve Company, Petroleum Reserves Corporation, Rubber Development Corporation, Rubber Reserve Company, Smaller War Plants Corporation, U. S. Commercial Company and War Damage Corporation.
8/ Receipts from the sale of property acquired in liquidation of loans are shown as "Gain of other property acquired".
9/ Includes $60,013,300 paid-in capital stock held by member institutions.
62
Treasury Bulletin
Uses of Funds of Certain Government Corporations and Credit Agencies from Inception of Organization through April 30, 1944
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgagee 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadminis-trative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 1,243,799</td><td>-</td><td>-</td><td>$ 660,638,267</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>19,997,248</td><td>-</td><td>$ 7,004,536,060</td><td>2,574,944,885</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>4,081,651</td><td>$ 122,693</td><td>-</td><td>30,517,018</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1,136,023</td><td>23,044</td><td>-</td><td>294,624,236</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>34,842,395</td><td>-</td><td>-</td><td>203,646,292</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>100,537,509</td><td>-</td><td>21,150,423</td><td>1,112,165,250</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>13,183,055</td><td>-</td><td>-</td><td>1,179,008,839</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>5,542,916</td><td>5,948,675</td><td>-</td><td>271,394,720</td><td>-</td></tr><tr><td>Federal Public Housing Authority</td><td>25,181,840</td><td>8,374,103</td><td>81,753,442</td><td>1,178,347,663</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>2,219,987</td><td>124,109</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>246,347,539</td><td>171,586,501</td><td>149,917,980</td><td>3,275,247,530</td><td>$1,577,083,125 2/</td></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>109,630,602</td><td>13,637,496</td><td>463,547</td><td>8,239,684,245</td><td>-</td></tr><tr><td>RFC Mortgage Company, The</td><td>6,770,105</td><td>5,451,705</td><td>9,709,969</td><td>301,950,039</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>19,949,089</td><td>-</td><td>-</td><td>383,966,387</td><td>-</td></tr><tr><td>War corporations 4/</td><td>25,709,119</td><td>285,713,373</td><td>10,011,024,988</td><td>332,358,146</td><td>-</td></tr><tr><td>Total</td><td>$616,372,877</td><td>$490,981,699</td><td>$17,278,556,409</td><td>$20,038,493,517</td><td>$1,577,083,125</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 5/</th><th>Allocations, re-discounte, and loans to other government corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, use of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>$ 24,216,582</td><td>-</td><td>$ 1,518,957</td><td>$ 3,588,302</td><td>$ 691,205,907</td></tr><tr><td>Commodity Credit Corporation.</td><td>-</td><td>$ 213,791,506</td><td>$43,365,707</td><td>$215,138,174</td><td>$10,071,773,679</td></tr><tr><td>Disaster Loan Corporation.</td><td>-</td><td>$ 16,786,747</td><td>-</td><td>$132</td><td>$51,508,242</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>$ 57,350,000</td><td>$13,175,178</td><td>$593,801</td><td>$366,902,282</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>$688,931,112</td><td>-</td><td>-</td><td>$33,221,606</td><td>$960,641,406</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>$633,884,800</td><td>-</td><td>$353,572,790</td><td>$26,201,271</td><td>$2,247,512,043</td></tr><tr><td>Federal home loan banks.</td><td>$185,217,910</td><td>-</td><td>$28,920,849</td><td>$991,564</td><td>$1,407,322,217</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>-</td><td>$32,476,653</td><td>$255,935</td><td>$315,618,899</td></tr><tr><td>Federal Public Housing Authority.</td><td>$7,070,000</td><td>-</td><td>$12,276,223</td><td>$33,159,999</td><td>$1,346,163,271</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>$144,988,843</td><td>-</td><td>$3,035,326</td><td>$8,938,368 6/</td><td>$159,306,633</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>$306,544,250</td><td>-</td><td>$597,548,191</td><td>$6,468,960</td><td>$6,330,744,076</td></tr><tr><td>Reconstruction Finance Corporation 3/.</td><td>$367,041,001</td><td>$7,021,169,416</td><td>$368,650,655</td><td>$19,542,786</td><td>$16,139,819,750</td></tr><tr><td>RFC Mortgage Company, The.</td><td>-</td><td>-</td><td>$10,870,262</td><td>$613,623</td><td>$335,365,702</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>-</td><td>$25,501,834</td><td>$371,526</td><td>$429,788,836</td></tr><tr><td>War corporations 4/.</td><td>$3,000,000</td><td>$237,303,146</td><td>$3,332,299</td><td>$1,896,364,600</td><td>$12,794,805,672</td></tr><tr><td>Total.</td><td>$2,360,894,498</td><td>$7,546,400,915</td><td>$1,494,244,924</td><td>$2,245,450,647</td><td>$53,648,478,615</td></tr></table>
Source: Reports received from the corporations and agencies. Date 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 effect refunded through sale of securities to the Treasury.
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/ Compriase Cargoes, Incorporated, Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute of Inter-American Affairs, Institute of Inter-American Trans-
5/ Includes U. S. Government bonds in the amount of $852,208,039 as follows: Federal Deposit Insurance Corporation, $590,931,112; Federal Savings and Loan Insurance Corporation, $117,000,000; Federal Public Housing Authority, $7,070,000; Federal home loan banks, $131,656,927; Central Bank for Cooperatives, $5,550,000. 6/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
June 1944
63
INTERNAL REVENUE STATISTICS
64
Treasury Bulletin
Summary of Internal Revenue Collections
(In thousands of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="4">Income and profits taxes</th><th colspan="3">Employment taxes</th></tr><tr><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>Social Security taxes 5/ Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Carriers' Taxing Act of 1937</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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,494,330</td><td>1,427,445</td><td>574,416</td><td>738,520</td><td>14,509</td><td>48</td><td>-</td><td>-</td><td>48</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>265,745</td><td>207,339</td><td>58,119</td><td>287</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>742,660</td><td>502,917</td><td>90,267</td><td>149,476</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>7,351,531</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>8,006,880</td><td>3,262,800</td><td>4,687,459</td><td>56,621</td><td>1,185,362</td><td>895,336</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>1943-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>200,114</td><td>9,047</td><td>29,750</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><tr><td>September</td><td>4,613,249</td><td>4,191,778</td><td>2,044,715</td><td>2,132,387</td><td>14,676</td><td>27,863</td><td>2,949</td><td>937</td><td>23,977</td></tr><tr><td>October</td><td>2,179,567</td><td>1,643,578</td><td>1,086,451</td><td>548,414</td><td>8,713</td><td>114,661</td><td>108,405</td><td>5,486</td><td>770</td></tr><tr><td>November</td><td>2,089,229</td><td>1,470,850</td><td>1,147,554</td><td>307,579</td><td>15,717</td><td>242,827</td><td>207,051</td><td>8,339</td><td>27,437</td></tr><tr><td>December</td><td>5,017,358</td><td>4,590,615</td><td>2,175,565</td><td>2,410,218</td><td>4,832</td><td>38,450</td><td>1,496</td><td>1,086</td><td>35,868</td></tr><tr><td>1944-January</td><td>2,088,486</td><td>1,584,390</td><td>1,039,535</td><td>538,653</td><td>6,202</td><td>122,183</td><td>84,530</td><td>36,859</td><td>794</td></tr><tr><td>February</td><td>3,133,366</td><td>2,476,722</td><td>2,075,328</td><td>396,189</td><td>5,205</td><td>317,390</td><td>199,848</td><td>97,336</td><td>20,206</td></tr><tr><td>March</td><td>5,808,888</td><td>5,358,106</td><td>1,914,138</td><td>3,415,956</td><td>28,012</td><td>49,590</td><td>3,484</td><td>3,049</td><td>43,057</td></tr><tr><td>April</td><td>3,330,435</td><td>2,809,003</td><td>2,243,793</td><td>552,960</td><td>12,250</td><td>97,605</td><td>91,109</td><td>4,602</td><td>1,894</td></tr><tr><td>May</td><td>3,076,173</td><td>2,289,328</td><td>1,859,230</td><td>420,345</td><td>9,753</td><td>303,859</td><td>254,715</td><td>11,084</td><td>38,060</td></tr></table>
<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>593,831</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>567,670</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>146,926</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>1943-May</td><td>372,593</td><td>193</td><td>46,240</td><td>109,274</td><td>71,339</td><td>5,127</td><td>60,439</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><tr><td>September</td><td>393,608</td><td>34,636</td><td>28,012</td><td>117,315</td><td>86,354</td><td>3,841</td><td>52,751</td><td>70,699</td><td>-</td></tr><tr><td>October</td><td>421,328</td><td>20,063</td><td>40,718</td><td>122,374</td><td>90,013</td><td>3,939</td><td>58,568</td><td>85,653</td><td>-</td></tr><tr><td>November</td><td>375,552</td><td>366</td><td>34,253</td><td>117,303</td><td>93,058</td><td>3,934</td><td>56,156</td><td>70,482</td><td>-</td></tr><tr><td>December</td><td>388,293</td><td>442</td><td>36,443</td><td>120,194</td><td>87,101</td><td>3,999</td><td>64,394</td><td>76,204</td><td>-</td></tr><tr><td>1944-January</td><td>381,913</td><td>59</td><td>52,184</td><td>107,886</td><td>77,211</td><td>4,275</td><td>68,029</td><td>72,269</td><td>-</td></tr><tr><td>February</td><td>339,254</td><td>247</td><td>38,449</td><td>108,395</td><td>67,470</td><td>4,122</td><td>62,648</td><td>57,923</td><td>-</td></tr><tr><td>March</td><td>401,192</td><td>472</td><td>60,364</td><td>123,999</td><td>76,697</td><td>4,586</td><td>58,720</td><td>76,354</td><td>-</td></tr><tr><td>April</td><td>423,827</td><td>193</td><td>56,102</td><td>169,334</td><td>71,893</td><td>4,800</td><td>51,297</td><td>70,208</td><td>-</td></tr><tr><td>May</td><td>482,986</td><td>152</td><td>41,862</td><td>182,345</td><td>80,868</td><td>4,321</td><td>76,663</td><td>96,775</td><td>-</td></tr></table>
Source: 1/ Reports of collections. 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/ Excess 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 Vlason Act, and the tax on unjust 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 Titles 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.
June 1944
65
COLLECTIONS OF INTERNAL REVENUE
* Includes miscellaneous profit taxes
66
Treasury Bulletin
Detailed Analysis of Current Internal Revenue Collections
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th>May 1944</th><th colspan="2">First 11 months</th><th>Sources of revenue</th><th>May 1944</th><th colspan="2">First 11 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) 2/</td><td>1,544,523</td><td>-</td><td>7,000,373</td><td>Bonds, issues of capital stock, deeds of conveyance, etc.</td><td>2,356</td><td>19,605</td><td>23,840</td></tr><tr><td>Victory tax (Revenue Act of 1942)</td><td>183</td><td>681,348</td><td>784,903</td><td>Transfers of capital stock and similar interest sales</td><td>1,344</td><td>13,398</td><td>15,658</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td>Playing cards</td><td>617</td><td>7,050</td><td>6,805</td></tr><tr><td>Current 3/</td><td>309,084</td><td>3,970,687</td><td>9,009,237</td><td>Silver bullion sales or transfers</td><td>4</td><td>110</td><td>46</td></tr><tr><td>Back</td><td>5,440</td><td>164,349</td><td>177,593</td><td>Total stamp taxes</td><td>4,321</td><td>40,163</td><td>46,349</td></tr><tr><td>Total individual income taxes</td><td>1,859,230</td><td>4,816,384</td><td>16,972,106</td><td>Manufacturers' and retailers' excise taxes:</td><td></td><td></td><td></td></tr><tr><td>Corporation:</td><td></td><td></td><td></td><td>Lubricating oil</td><td>5,259</td><td>40,657</td><td>48,665</td></tr><tr><td>Income taxes:</td><td></td><td></td><td></td><td>Gasoline</td><td>26,785</td><td>271,010</td><td>250,188</td></tr><tr><td>Current 3/</td><td>86,028</td><td>3,167,299</td><td>3,719,184</td><td>Tires and tubes</td><td>4,035</td><td>17,227</td><td>16,503</td></tr><tr><td>Back</td><td>22,669</td><td>351,194</td><td>478,323</td><td>Floor taxes on tires and tubes</td><td>-</td><td>65</td><td>25</td></tr><tr><td>Excess profits taxes (Second Revenue Act of 1940 as amended)</td><td>311,648</td><td>3,860,626</td><td>7,171,293</td><td>Automobile trucks and buses</td><td>710</td><td>4,142</td><td>2,160</td></tr><tr><td>Total corporation taxes</td><td>420,345</td><td>7,379,119</td><td>11,368,800</td><td>Other automobiles and motorcycles</td><td>135</td><td>1,350</td><td>1,133</td></tr><tr><td>Miscellaneous profits taxes:</td><td></td><td></td><td></td><td>Parts and accessories for automobiles</td><td>3,352</td><td>19,124</td><td>28,671</td></tr><tr><td>Declared value</td><td>9,746</td><td>74,885</td><td>118,018</td><td>Electrical energy</td><td>4,991</td><td>46,035</td><td>46,703</td></tr><tr><td>Vision Act</td><td>-</td><td>212</td><td>39</td><td>Electric, gas, and oil appliances</td><td>628</td><td>6,640</td><td>4,475</td></tr><tr><td>Unjust enrichment</td><td>7</td><td>1,781</td><td>426</td><td>Electric light bulbs and tubes</td><td>663</td><td>3,312</td><td>3,961</td></tr><tr><td>Total miscellaneous profits taxes</td><td>9,753</td><td>76,878</td><td>118,483</td><td>Electric signs (repealed as of 11/1/42)</td><td>6</td><td>589</td><td>214</td></tr><tr><td>Total income and profits taxes</td><td>2,289,328</td><td>12,272,381</td><td>28,459,389</td><td>Radio sets, phonographs, components, etc.</td><td>655</td><td>5,347</td><td>3,248</td></tr><tr><td>Employment taxes:</td><td></td><td></td><td></td><td>Phonograph records</td><td>198</td><td>1,729</td><td>1,691</td></tr><tr><td>Social Security taxes:</td><td></td><td></td><td></td><td>Musical instruments</td><td>56</td><td>1,232</td><td>591</td></tr><tr><td>Federal Insurance Contributions Act (Old-age insurance)</td><td>254,715</td><td>1,128,953</td><td>1,285,483</td><td>Mechanical refrigerators, air-conditioners etc.</td><td>122</td><td>5,562</td><td>2,329</td></tr><tr><td>Federal Unemployment Tax Act (Unemployment Insurance)</td><td>11,084</td><td>154,821</td><td>182,172</td><td>Matches</td><td>644</td><td>8,762</td><td>7,722</td></tr><tr><td>Total Social Security taxes</td><td>265,799</td><td>1,283,774</td><td>1,467,655</td><td>Floor taxes on matches</td><td>-</td><td>5</td><td>55</td></tr><tr><td>Carriers' Taxing Act of 1937</td><td>38,060</td><td>187,184</td><td>226,322</td><td>Business and store machines</td><td>444</td><td>6,246</td><td>3,438</td></tr><tr><td>Total employment taxes</td><td>303,859</td><td>1,470,958</td><td>1,693,977</td><td>Pure - retailers' excise</td><td>6,043</td><td>42,552</td><td>57,623</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td>Jewelry - retailers' excise</td><td>11,563</td><td>82,702</td><td>102,821</td></tr><tr><td>Capital stock tax</td><td>152</td><td>328,430</td><td>379,667</td><td>Luggage - retailers' excise (effective 4/1/44)</td><td>3,052</td><td>-</td><td>3,054</td></tr><tr><td>Estate tax</td><td>40,765</td><td>386,375</td><td>423,918</td><td>Luggage - manufacturers' excise (suspended as of 4/1/44)</td><td>200</td><td>5,133</td><td>4,779</td></tr><tr><td>Gift tax</td><td>1,097</td><td>32,418</td><td>37,229</td><td>Optical equipment (repealed as of 11/1/42)</td><td>1</td><td>292</td><td>7</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td>Photographic apparatus</td><td>1,107</td><td>10,066</td><td>10,989</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>28,488</td><td>73,407</td><td>255,627</td><td>Rubber articles (repealed as of 11/1/42)</td><td>3</td><td>14,874</td><td>289</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>69,161</td><td>651,892</td><td>544,496</td><td>Sporting goods</td><td>308</td><td>3,867</td><td>2,289</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,659</td><td>17,471</td><td>17,136</td><td>Toilet preparations - retailers' excise</td><td>5,441</td><td>30,603</td><td>39,455</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>625</td><td>654</td><td>3,478</td><td>Washing machines (repealed as of 11/1/42)</td><td>-</td><td>37</td><td>32</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>3,374</td><td>30,863</td><td>26,768</td><td>Firearms, shells and cartridges</td><td>258</td><td>1,125</td><td>1,008</td></tr><tr><td>Brandy used for fortifying sweet wines (repealed as of July 1, 1940)</td><td>-</td><td>6</td><td>-</td><td>Pistols and revolvers</td><td>1</td><td>61</td><td>36</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>168</td><td>5,791</td><td>5,980</td><td>Repealed taxes not listed above</td><td>2</td><td>474</td><td>96</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>-</td><td>1</td><td>2</td><td>Total manufacturers' and retailers' excise taxes</td><td>76,663</td><td>630,820</td><td>664,250</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>43</td><td>1,239</td><td>1,329</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td></tr><tr><td>Container stamps</td><td>719</td><td>9,888</td><td>7,717</td><td>Bituminous Coal Act of 1937</td><td>13</td><td>5,229</td><td>1,396</td></tr><tr><td>Floor taxes</td><td>21,985</td><td>108,658</td><td>57,960</td><td>Sugar Act of 1937</td><td>5,647</td><td>48,739</td><td>63,452</td></tr><tr><td>Persevered malt liquors</td><td>56,086</td><td>405,634</td><td>500,131</td><td>Telephone, telegraph, radio and cable, leased wires, etc.</td><td>12,894</td><td>84,808</td><td>128,031</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>37</td><td>2,746</td><td>2,557</td><td>Local telephone service</td><td>8,804</td><td>62,117</td><td>82,665</td></tr><tr><td>Total alcoholic beverage taxes</td><td>182,345</td><td>1,308,250</td><td>1,423,181</td><td>Transportation of oil by pipe line</td><td>1,577</td><td>12,926</td><td>14,230</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td>Transportation of persons, seats, berths</td><td>15,684</td><td>78,925</td><td>139,418</td></tr><tr><td>Cigars (large)</td><td>2,723</td><td>20,769</td><td>27,501</td><td>Transportation of property (effective 12/1/42)</td><td>20,654</td><td>69,206</td><td>197,203</td></tr><tr><td>Cigars (small)</td><td>9</td><td>87</td><td>94</td><td>Use of motor vehicles (effective 2/1/42)</td><td>53</td><td>138,164</td><td>126,429</td></tr><tr><td>Cigarettes (large)</td><td>14</td><td>26</td><td>74</td><td>Use of boats (effective 2/1/42)</td><td>9</td><td>317</td><td>216</td></tr><tr><td>Cigarettes (small)</td><td>73,728</td><td>762,098</td><td>829,872</td><td>Leases of safe-deposit boxes</td><td>550</td><td>5,649</td><td>6,056</td></tr><tr><td>Snuff</td><td>667</td><td>6,977</td><td>7,040</td><td>Admissions to theaters, concerts, etc.</td><td>24,113</td><td>128,302</td><td>157,243</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>3,648</td><td>44,231</td><td>41,719</td><td>Admissions to cabarets, roof gardens, etc.</td><td>4,504</td><td>15,039</td><td>21,806</td></tr><tr><td>Cigarette papers and tubes</td><td>74</td><td>1,314</td><td>1,057</td><td>Club dues and initiation fees</td><td>1,273</td><td>5,952</td><td>8,180</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>-</td><td>4</td><td>2</td><td>Bowling alleys, pool tables, etc.</td><td>43</td><td>1,655</td><td>1,679</td></tr><tr><td>Cigarette and cigar floor taxes</td><td>5</td><td>8,531</td><td>42</td><td>Coin operated devices</td><td>299</td><td>9,526</td><td>16,521</td></tr><tr><td>Total tobacco taxes</td><td>80,868</td><td>844,037</td><td>907,401</td><td>Adulterated and processed or renovated butter, mixed flour and filled cheese</td><td>2</td><td>58</td><td>17</td></tr><tr><td>Oleomargarine, including special taxes</td><td>193</td><td>2,330</td><td>3,479</td><td>Narcotics, including marihuana and special taxes</td><td>39</td><td>581</td><td>553</td></tr><tr><td>Coconut and other vegetable oils processed</td><td>423</td><td>1,838</td><td>3,883</td><td>National Firearms Act</td><td>-</td><td>16</td><td>13</td></tr><tr><td>All other, including repealed taxes not listed above</td><td>1</td><td>54</td><td>21</td><td>Total miscellaneous taxes</td><td>96,775</td><td>671,431</td><td>972,491</td></tr><tr><td>Total miscellaneous internal revenue</td><td>482,986</td><td>4,241,954</td><td>4,854,486</td><td>Total miscellaneous internal revenue</td><td>3,076,173</td><td>17,985,293</td><td>15,007,852</td></tr><tr><td>Total internal revenue</td><td>3,076,173</td><td>17,985,293</td><td>15,007,852</td><td></td><td></td><td></td><td></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/ Consists only of tax collections under the Current Tax Payment Act of 1943 for which returns have been filed with the Collector of Internal Revenue. Collections as shown in Daily Treasury Statements consist of withholdings deposited in Government depositaries in
addition to payments accompanying returns filled with the Collector of Internal Revenue. 3/ Current collections consist in general of taxes paid within twelve months after the close of the taxable year for which the return was filed. 4/ Tax imposed upon the manufacture and sale of, and the occupational tax on, mixed flour repealed as of November 1, 1942.
June 1944
67
MONETARY STATISTICS
68
Treasury Bulletin
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>7,679.5</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>17,043.4</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>1943</td><td>21,937.8</td><td>19,821.0</td><td>156.0</td><td>1,800.0</td><td>160.7</td></tr><tr><td>1943-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</td><td>22,242.8</td><td>20,127.7</td><td>156.0</td><td>1,800.0</td><td>159.1</td></tr><tr><td>September</td><td>22,175.0</td><td>20,067.1</td><td>156.0</td><td>1,800.0</td><td>151.9</td></tr><tr><td>October</td><td>22,115.7</td><td>20,002.6</td><td>156.0</td><td>1,800.0</td><td>157.1</td></tr><tr><td>November</td><td>22,064.7</td><td>19,953.1</td><td>156.0</td><td>1,800.0</td><td>155.6</td></tr><tr><td>December</td><td>21,937.8</td><td>19,821.0</td><td>156.0</td><td>1,800.0</td><td>160.7</td></tr><tr><td>1944-January</td><td>21,918.2</td><td>19,800.7</td><td>156.0</td><td>1,800.0</td><td>161.4</td></tr><tr><td>February</td><td>21,711.6</td><td>19,591.0</td><td>156.0</td><td>1,800.0</td><td>164.6</td></tr><tr><td>March</td><td>21,599.9</td><td>19,477.2</td><td>156.0</td><td>1,800.0</td><td>166.7</td></tr><tr><td>April</td><td>21,429.2</td><td>19,319.2</td><td>156.0</td><td>1,800.0</td><td>154.0</td></tr><tr><td>May p</td><td>21,263.6</td><td>19,150.9</td><td>156.0</td><td>1,800.0</td><td>156.7</td></tr></table>
Source: Daily Treasury Statements. p Preliminary. 1/ Comprises (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>15.5</td></tr><tr><td>1943</td><td>22,387.5</td><td>4,298.5</td><td>16.1</td></tr><tr><td>1943-May</td><td>22,426.4</td><td>4,298.9</td><td>16.1</td></tr><tr><td>June</td><td>22,367.5</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</td><td>22,242.8</td><td>4,276.0</td><td>16.1</td></tr><tr><td>September</td><td>22,175.0</td><td>4,233.1</td><td>16.0</td></tr><tr><td>October</td><td>22,115.7</td><td>4,223.7</td><td>16.0</td></tr><tr><td>November</td><td>22,064.7</td><td>4,213.7</td><td>16.0</td></tr><tr><td>December</td><td>21,937.8</td><td>4,208.6</td><td>16.1</td></tr><tr><td>1944-January</td><td>21,918.2</td><td>4,174.9</td><td>16.0</td></tr><tr><td>February</td><td>21,711.6</td><td>4,147.1</td><td>16.0</td></tr><tr><td>March</td><td>21,599.9</td><td>4,142.6</td><td>16.1</td></tr><tr><td>April</td><td>21,429.2</td><td>4,085.3</td><td>16.0</td></tr><tr><td>May p</td><td>21,263.6</td><td>4,082.8</td><td>16.1</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p Preliminary.
June 1944
69
Components of Silver Monetary Stock
(in millions of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="2">Securing silver certificates 1/</th><th colspan="3">In General Fund</th><th colspan="2">Silver outside Treasury</th><th>Total silver at $.29 per ounce</th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Subsidiary coin 2/</th><th>Bullion for recoinage 3/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Subsidiary coin 2/</th><th></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>.2</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>1943</td><td>1,520.0</td><td>400.4</td><td>14.4</td><td>19.1</td><td>551.8</td><td>96.8</td><td>684.7</td><td>4,207.3</td></tr><tr><td>1943-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</td><td>1,519.7</td><td>429.9</td><td>34.2</td><td>.2</td><td>584.9</td><td>88.8</td><td>642.2</td><td>4,276.0</td></tr><tr><td>September</td><td>1,519.7</td><td>426.5</td><td>27.2</td><td>1.5</td><td>567.3</td><td>90.7</td><td>654.8</td><td>4,233.1</td></tr><tr><td>October</td><td>1,519.7</td><td>422.0</td><td>26.5</td><td>3.4</td><td>560.7</td><td>92.3</td><td>663.6</td><td>4,223.7</td></tr><tr><td>November</td><td>1,520.0</td><td>410.3</td><td>21.7</td><td>14.6</td><td>553.8</td><td>94.0</td><td>674.2</td><td>4,213.7</td></tr><tr><td>December</td><td>1,520.0</td><td>400.4</td><td>14.4</td><td>19.1</td><td>551.8</td><td>96.8</td><td>684.7</td><td>4,208.6</td></tr><tr><td>1944-January</td><td>1,520.0</td><td>396.7</td><td>17.3</td><td>20.2</td><td>538.7</td><td>97.7</td><td>685.5</td><td>4,174.9</td></tr><tr><td>February</td><td>1,520.1</td><td>395.8</td><td>19.5</td><td>17.6</td><td>528.4</td><td>98.6</td><td>686.2</td><td>4,147.1</td></tr><tr><td>March</td><td>1,520.1</td><td>394.2</td><td>18.8</td><td>15.1</td><td>525.6</td><td>100.2</td><td>691.8</td><td>4,142.6</td></tr><tr><td>April</td><td>1,520.1</td><td>392.6</td><td>18.0</td><td>12.5</td><td>505.2</td><td>101.7</td><td>697.0</td><td>4,088.3</td></tr><tr><td>May p</td><td>1,520.1</td><td>391.1</td><td>22.3</td><td>9.8</td><td>499.9</td><td>103.3</td><td>705.1</td><td>4,082.8</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p Preliminary. * Less than $50,000.
1/ Valued at $.29+ per ounce.
2/ Valued at $.38+ per ounce.
3/ Valued at $.38+ per ounce or at $.29 per ounce according to whether the bullion is held for recoinage of subsidiary silver coins or for recoinage of standard silver dollars.
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="7">Silver acquired by mint and assay offices</th></tr><tr><th colspan="2">Newly mined domestic silver 2/</th><th colspan="2">Nationalized silver 3/</th><th colspan="2">Foreign silver 4/</th><th colspan="2">Total</th></tr><tr><th></th><th>Ounces</th><th>Ouncee</th><th>Dollars</th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>1934</td><td>32.5</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><td>304.9</td><td>155.9</td></tr><tr><td>1935</td><td>45.6</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><td>534.3</td><td>346.5</td></tr><tr><td>1936</td><td>61.4</td><td>61.1</td><td>47.3</td><td>.4</td><td>.2</td><td>271.9</td><td>150.3</td><td>333.4</td><td>197.8</td></tr><tr><td>1937</td><td>71.3</td><td>70.6</td><td>54.6</td><td>-</td><td>-</td><td>241.5</td><td>108.7</td><td>312.2</td><td>163.3</td></tr><tr><td>1938</td><td>61.7</td><td>61.6</td><td>42.4</td><td>-</td><td>-</td><td>355.4</td><td>156.9</td><td>417.1</td><td>199.1</td></tr><tr><td>1939</td><td>63.9</td><td>60.7</td><td>40.1</td><td>-</td><td>-</td><td>282.8</td><td>120.5</td><td>343.3</td><td>160.6</td></tr><tr><td>1940</td><td>67.0</td><td>68.3</td><td>48.5</td><td>-</td><td>-</td><td>139.8</td><td>50.9</td><td>208.0</td><td>99.4</td></tr><tr><td>1941</td><td>69.1</td><td>70.5</td><td>50.1</td><td>-</td><td>-</td><td>72.6</td><td>27.1</td><td>143.1</td><td>77.2</td></tr><tr><td>1942</td><td>54.5</td><td>47.9</td><td>34.0</td><td>-</td><td>-</td><td>14.3</td><td>6.0</td><td>62.1</td><td>40.0</td></tr><tr><td>1943</td><td>44.8</td><td>5.5</td><td>3.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5.5</td><td>3.9</td></tr><tr><td>1943-April</td><td>3.8</td><td>1.6</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.6</td><td>1.1</td></tr><tr><td>May</td><td>3.2</td><td>1.3</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.3</td><td>.9</td></tr><tr><td>June</td><td>3.9</td><td>1.2</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>.8</td></tr><tr><td>July</td><td>4.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>August</td><td>4.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September</td><td>2.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October</td><td>3.4</td><td>.3</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>.2</td></tr><tr><td>November</td><td>4.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>December</td><td>4.0</td><td>.2</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.2</td><td>.1</td></tr><tr><td>1944-January</td><td>2.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>February</td><td>3.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March</td><td>4.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April</td><td>3.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Silver production: Annual Reports of the Director of the Mint for annual figures through 1939; releases of American Bureau of Metal Statisties for all later figures. Less than $50,000. 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 64.6+ 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 64.54+ 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.
70
Treasury Bulletin
Seigniorage on Silver
(Cumulative from January 1, 1974 - 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>360.7</td><td>34.7</td><td>508.1</td><td>511.6</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>48.7</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>1943</td><td>299.6</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>820.6</td><td>967.3</td></tr><tr><td>1943-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><tr><td>September</td><td>288.9</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>989.7</td></tr><tr><td>October</td><td>293.2</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>978.5</td></tr><tr><td>November</td><td>297.1</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>820.6</td><td>968.7</td></tr><tr><td>December</td><td>299.6</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>820.6</td><td>967.3</td></tr><tr><td>1944-January</td><td>301.9</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>820.6</td><td>943.9</td></tr><tr><td>February</td><td>303.6</td><td>48.7</td><td>87.6</td><td>65.4</td><td>584.3</td><td>34.7</td><td>820.7</td><td>926.8</td></tr><tr><td>March</td><td>305.7</td><td>48.7</td><td>87.6</td><td>65.4</td><td>584.3</td><td>34.7</td><td>820.7</td><td>922.7</td></tr><tr><td>April</td><td>308.8</td><td>48.7</td><td>87.6</td><td>65.4</td><td>584.3</td><td>34.7</td><td>820.7</td><td>887.0</td></tr><tr><td>May</td><td>315.6</td><td>48.7</td><td>87.6</td><td>65.4</td><td>584.3</td><td>34.7</td><td>820.7</td><td>878.3</td></tr></table>
Basis: 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
2/ The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes.
Net Capital Movement to the United States, 1935 through March 1944
In thousands of dollars. Net capital outflow (-)
<table><tr><th>Period</th><th>Net capital movement</th><th colspan="4">Analysis of net capital movement</th></tr><tr><th></th><th></th><th>Movement in short-term banking funds</th><th>Movement in brokerage balance</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-Dec. 31, 1943)</td><td>1,283,593</td><td>1,164,758</td><td>13,372</td><td>27,767</td><td>77,696</td></tr><tr><td>1944 (Jan. 1, 1944-Mar. 31, 1944)</td><td>344,313</td><td>379,582</td><td>1,802</td><td>-15,304</td><td>-21,767</td></tr><tr><td>Total (Jan. 2, 1935-Mar. 31, 1944)</td><td>7,462,898</td><td>5,753,435</td><td>119,557</td><td>685,793</td><td>904,113</td></tr><tr><td>Month:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1943-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>-2,565</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><tr><td>July</td><td>49,592</td><td>58,780</td><td>420</td><td>4,392</td><td>-13,940</td></tr><tr><td>August</td><td>170,342</td><td>59,027</td><td>1,698</td><td>-5,283</td><td>114,900</td></tr><tr><td>September</td><td>45,011</td><td>1,903</td><td>565</td><td>21,044</td><td>21,499</td></tr><tr><td>October</td><td>133,267</td><td>135,679</td><td>-747</td><td>-687</td><td>-978</td></tr><tr><td>November</td><td>168,979</td><td>163,436</td><td>1,304</td><td>2,715</td><td>1,524</td></tr><tr><td>December</td><td>44,994</td><td>55,551</td><td>2,383</td><td>-9,008</td><td>-3,932</td></tr><tr><td>1944-January</td><td>154,350</td><td>155,209</td><td>-713</td><td>-6,005</td><td>5,859</td></tr><tr><td>February</td><td>145,622</td><td>147,537</td><td>1,831</td><td>3,686</td><td>-7,532</td></tr><tr><td>March</td><td>44,341</td><td>76,736</td><td>684</td><td>-12,985</td><td>-20,094</td></tr></table>
Back Figures: Monthly data for the period January 1941 through June 1942 may be found in the "Treasury Bulletin" for September 1943, page 73.
Treas. HJ 10 .A2 1944 c.2