AUGUST - 1953
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
August 1953
Table of Contents
<table><tr><td>Treasury financing operations.</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations.</td><td>1</td></tr><tr><td>Budget receipts and expenditures.</td><td>2</td></tr><tr><td>Trust account and other transactions.</td><td>8</td></tr><tr><td>Treasury cash income and outgo.</td><td>12</td></tr><tr><td>General Fund of the Treasury.</td><td>15</td></tr><tr><td>Debt outstanding.</td><td>16</td></tr><tr><td>Statutory debt limitation.</td><td>21</td></tr><tr><td>Debt operations.</td><td>22</td></tr><tr><td>United States savings bonds.</td><td>27</td></tr><tr><td>Treasury savings notes.</td><td>35</td></tr><tr><td>Ownership of Federal securities.</td><td>36</td></tr><tr><td>Treasury survey of ownership of Federal securities.</td><td>38</td></tr><tr><td>Market quotations.</td><td>42</td></tr><tr><td>Average yields of long-term bonds.</td><td>45</td></tr><tr><td>Internal revenue collections.</td><td>47</td></tr><tr><td>Monetary statistics.</td><td>51</td></tr><tr><td>Exchange Stabilization Fund.</td><td>55</td></tr><tr><td>Capital movements.</td><td>57</td></tr><tr><td>Cumulative table of contents.</td><td>70</td></tr></table>
Note: In those tables in which figures have been rounded to a specified unit, all calculations (including percentages) have been made from unrounded figures. Consequently the details may not check to the totals shown.
A-1
Treasury Financing Operations
August Certificate Refunding
On August 3, 1953, the Secretary of the Treasury announced the offering on August 5 of an issue of one-year 2-5/8 percent certificates of indebtedness. The new certificates were offered to holders of the 2 percent certificates of indebtedness, Series C-1953, which mature August 15, 1953, in the amount of $2,882 million. Details of the financing were to be announced later.
Treasury 91-Day Bills Again Increased
New issues of 91-day Treasury bills in July totaled $7.5 billion. The maturing issues of $7.0 billion were refunded and additional new money of $500 million was borrowed. The cash was raised in the first three offerings, and as of July 16 new money totaling $2.2 billion had been supplied by weekly bill issues since the initial increase this year on April 23. Each new issue in July amounted to $1.5 billion. The issue of July 2 exceeded the maturity by $300 million, and the issues of July 9 and 16 exceeded the maturities by $100 million each. Average rates of discount on the new issues were 2.106 percent for July 2, 2.007 percent for July 9, 2.106 percent for July 16, 2.127 percent for July 23, and 2.157 percent for July 30.
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the "Treasury Bulletin", in the tables on "Offerings" and "Disposition", respectively, of marketable issues of bonds, notes, and certificates of indebtedness, and in the table "Offerings of Treasury Bills".
August 1953
1
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
<table><tr><th>Period</th><th>Budget receipts and expenditures</th><th>Net of trust account and other transactions</th><th>Cleaning account</th><th>Net increase in public debt, or decrease (-)</th><th>Net increase in general Fund balance</th><th>General Fund balance</th><th>Public debt</th><th>Debt outstanding</th><th>Levels, end of period</th></tr><tr><th></th><th>Net receipts £/</th><th>Expenditures £/</th><th>Surplus or deficit (-) £/</th><th>£/</th><th>£/</th><th>£/</th><th>£/</th><th>Guaranteed securities</th><th>Total Federal securities</th></tr><tr><td colspan="10">Fiscal years:</td></tr><tr><td>1964</td><td>12,696</td><td>34,187</td><td>-21,490</td><td>-1,612</td><td>23,461</td><td>259</td><td>2,991</td><td>72,402</td><td>4,568</td><td>75,991</td></tr><tr><td>1963</td><td>22,802</td><td>75,682</td><td>-57,180</td><td>-338</td><td>64,274</td><td>6,515</td><td>9,507</td><td>136,696</td><td>4,100</td><td>140,796</td></tr><tr><td>1964</td><td>43,992</td><td>95,315</td><td>-51,423</td><td>-2,882</td><td>64,307</td><td>10,660</td><td>20,169</td><td>201,003</td><td>1,681</td><td>208,685</td></tr><tr><td>1965</td><td>46,766</td><td>98,097</td><td>-51,731</td><td>-701</td><td>97,579</td><td>2,983</td><td>24,159</td><td>226,170</td><td>411</td><td>230,115</td></tr><tr><td>1966</td><td>40,027</td><td>60,703</td><td>-20,676</td><td>-324</td><td>10,740</td><td>-10,460</td><td>14,238</td><td>269,422</td><td>476</td><td>269,898</td></tr><tr><td>1967</td><td>40,043</td><td>39,289</td><td>524</td><td>-1,103</td><td>-555</td><td>-11,136</td><td>10,930</td><td>3,308</td><td>258,286</td><td>90</td><td>259,376</td></tr><tr><td>1968</td><td>42,011</td><td>33,791</td><td>8,191</td><td>-294</td><td>-907</td><td>-1,994</td><td>1,684</td><td>4,938</td><td>258,298</td><td>73</td><td>259,366</td></tr><tr><td>1969</td><td>38,246</td><td>40,097</td><td>-1,851</td><td>366</td><td>366</td><td>-478</td><td>1,146</td><td>3,140</td><td>257,337</td><td>27</td><td>257,377</td></tr><tr><td>1970</td><td>37,045</td><td>40,167</td><td>-3,122</td><td>99</td><td>4,587</td><td>2,047</td><td>5,127</td><td>257,357</td><td>29</td><td>257,381</td></tr><tr><td>1971</td><td>16,143</td><td>44,633</td><td>-3,510</td><td>679</td><td>-214</td><td>-1,137</td><td>1,339</td><td>255,282</td><td>29</td><td>255,301</td></tr><tr><td>1972</td><td>68,810</td><td>66,322</td><td>-4,147</td><td>147</td><td>3,883</td><td>3,883</td><td>6,380</td><td>256,995</td><td>45</td><td>257,043</td></tr><tr><td>1973</td><td>65,218</td><td>74,007</td><td>-9,389</td><td>137</td><td>6,966</td><td>-2,999</td><td>4,670</td><td>266,071</td><td>52</td><td>266,123</td></tr><tr><td>1974 (Est.)</td><td>68,652</td><td>78,597</td><td>-9,982</td><td>26</td><td>9,900</td><td>-</td><td>6,000</td><td>273,800</td><td>43</td><td>273,843</td></tr><tr><td colspan="10">Calendar years:</td></tr><tr><td>1964</td><td>15,890</td><td>57,751</td><td>-41,161</td><td>-1,768</td><td>20,332</td><td>6,983</td><td>10,243</td><td>108,170</td><td>4,301</td><td>112,471</td></tr><tr><td>1963</td><td>31,781</td><td>90,691</td><td>-59,591</td><td>-3,621</td><td>57,177</td><td>1,701</td><td>12,712</td><td>145,870</td><td>4,180</td><td>170,108</td></tr><tr><td>1964</td><td>43,531</td><td>97,181</td><td>-53,650</td><td>-1,161</td><td>51,753</td><td>9,262</td><td>28,335</td><td>230,650</td><td>1,231</td><td>231,881</td></tr><tr><td>1965</td><td>43,988</td><td>87,282</td><td>-43,294</td><td>-183</td><td>47,486</td><td>3,767</td><td>26,003</td><td>278,115</td><td>267</td><td>278,682</td></tr><tr><td>1966</td><td>38,582</td><td>81,322</td><td>-42,835</td><td>-352</td><td>-16,366</td><td>-28,508</td><td>3,208</td><td>259,149</td><td>339</td><td>259,487</td></tr><tr><td>1967</td><td>41,010</td><td>38,576</td><td>2,434</td><td>-250</td><td>-42,949</td><td>-405</td><td>3,097</td><td>259,600</td><td>81</td><td>259,681</td></tr><tr><td>1968</td><td>41,350</td><td>36,209</td><td>5,261</td><td>-289</td><td>4,100</td><td>1,111</td><td>4,208</td><td>258,800</td><td>25</td><td>259,024</td></tr><tr><td>1969</td><td>38,122</td><td>41,714</td><td>-3,592</td><td>-302</td><td>4,331</td><td>171</td><td>4,679</td><td>257,130</td><td>30</td><td>257,160</td></tr><tr><td>1970</td><td>37,593</td><td>38,070</td><td>1,523</td><td>111</td><td>5,423</td><td>-347</td><td>1,136</td><td>256,704</td><td>32</td><td>256,731</td></tr><tr><td>1971</td><td>53,388</td><td>56,846</td><td>-3,398</td><td>512</td><td>8,711</td><td>62</td><td>1,895</td><td>255,419</td><td>42</td><td>255,461</td></tr><tr><td>1972</td><td>65,923</td><td>71,366</td><td>-5,842</td><td>-41</td><td>7,973</td><td>1,770</td><td>6,064</td><td>267,391</td><td>54</td><td>267,445</td></tr><tr><td colspan="10">Months:</td></tr><tr><td>1951-February</td><td>4,448</td><td>3,808</td><td>640</td><td>-83</td><td>247</td><td>-933</td><td>4,454</td><td>256,125</td><td>16</td><td>256,141</td></tr><tr><td>February</td><td>2,927</td><td>3,971</td><td>1,211</td><td>2,151</td><td>-151</td><td>281</td><td>5,356</td><td>259,941</td><td>13</td><td>259,958</td></tr><tr><td>March</td><td>5,112</td><td>4,098</td><td>9,024</td><td>24</td><td>-111</td><td>-394</td><td>3,357</td><td>259,977</td><td>21</td><td>259,101</td></tr><tr><td>April</td><td>8,685</td><td>4,007</td><td>-1,381</td><td>-69</td><td>105</td><td>-270</td><td>6,595</td><td>254,787</td><td>21</td><td>254,798</td></tr><tr><td>May</td><td>3,146</td><td>4,217</td><td>-1,370</td><td>136</td><td>-304</td><td>366</td><td>5,788</td><td>255,093</td><td>29</td><td>255,122</td></tr><tr><td>June</td><td>7,049</td><td>5,969</td><td>-1,110</td><td>43</td><td>139</td><td>189</td><td>7,374</td><td>255,282</td><td>29</td><td>255,311</td></tr><tr><td>July</td><td>2,572</td><td>4,739</td><td>-2,168</td><td>11</td><td>-24</td><td>435</td><td>1,337</td><td>255,667</td><td>28</td><td>255,695</td></tr><tr><td>August</td><td>3,594</td><td>5,087</td><td>-1,493</td><td>83</td><td>-103</td><td>988</td><td>5,252</td><td>255,644</td><td>32</td><td>255,677</td></tr><tr><td>September</td><td>6,809</td><td>5,163</td><td>1,046</td><td>37</td><td>30</td><td>709</td><td>6,916</td><td>257,337</td><td>33</td><td>257,336</td></tr><tr><td>October</td><td>2,635</td><td>5,483</td><td>-2,847</td><td>-25</td><td>-86</td><td>-945</td><td>4,974</td><td>258,988</td><td>37</td><td>258,336</td></tr><tr><td>November</td><td>3,353</td><td>5,176</td><td>-1,658</td><td>80</td><td>20</td><td>-250</td><td>4,684</td><td>259,654</td><td>43</td><td>259,697</td></tr><tr><td>December</td><td>9,879</td><td>5,687</td><td>-347</td><td>196</td><td>7</td><td>-389</td><td>4,895</td><td>259,419</td><td>42</td><td>259,461</td></tr><tr><td>1952-January</td><td>4,953</td><td>5,455</td><td>-501</td><td>-374</td><td>103</td><td>327</td><td>3,879</td><td>259,777</td><td>38</td><td>259,811</td></tr><tr><td>February</td><td>5,283</td><td>5,105</td><td>448</td><td>156</td><td>225</td><td>387</td><td>5,075</td><td>260,368</td><td>37</td><td>260,399</td></tr><tr><td>March</td><td>5,233</td><td>5,838</td><td>-1,304</td><td>136</td><td>-45</td><td>-278</td><td>3,765</td><td>258,840</td><td>44</td><td>259,124</td></tr><tr><td>April</td><td>4,383</td><td>6,016</td><td>-1,693</td><td>-931</td><td>389</td><td>209</td><td>5,393</td><td>258,292</td><td>44</td><td>258,337</td></tr><tr><td>May</td><td>3,809</td><td>5,699</td><td>-1,850</td><td>357</td><td>-91</td><td>1,613</td><td>5,142</td><td>259,909</td><td>42</td><td>259,951</td></tr><tr><td>June</td><td>9,796</td><td>6,930</td><td>2,865</td><td>-192</td><td>-385</td><td>-800</td><td>6,965</td><td>259,105</td><td>46</td><td>259,151</td></tr><tr><td>July</td><td>3,316</td><td>6,768</td><td>-3,456</td><td>-17</td><td>438</td><td>3,968</td><td>7,925</td><td>263,073</td><td>34</td><td>263,107</td></tr><tr><td>August</td><td>3,353</td><td>5,310</td><td>-961</td><td>77</td><td>-395</td><td>-113</td><td>6,773</td><td>263,958</td><td>35</td><td>263,995</td></tr><tr><td>September</td><td>6,289</td><td>6,070</td><td>215</td><td>422</td><td>-829</td><td>-304</td><td>7,126</td><td>262,682</td><td>40</td><td>262,722</td></tr><tr><td>October</td><td>3,099</td><td>6,383</td><td>-3,283</td><td>-258</td><td>316</td><td>2,838</td><td>6,175</td><td>264,939</td><td>45</td><td>264,984</td></tr><tr><td>November</td><td>1,131</td><td>5,161</td><td>-1,009</td><td>801</td><td>-843</td><td>2,513</td><td>7,636</td><td>267,438</td><td>51</td><td>267,489</td></tr><tr><td>December</td><td>6,003</td><td>7,128</td><td>-1,122</td><td>-609</td><td>-145</td><td>-421</td><td>6,064</td><td>267,392</td><td>54</td><td>267,445</td></tr><tr><td>1953-January</td><td>5,061</td><td>5,737</td><td>-676</td><td>-111</td><td>401</td><td>11</td><td>5,659</td><td>267,402</td><td>48</td><td>267,450</td></tr><tr><td>February</td><td>2,479</td><td>5,972</td><td>8,782</td><td>878</td><td>-2</td><td>188</td><td>6,084</td><td>266,984</td><td>50</td><td>267,034</td></tr><tr><td>March</td><td>10,502</td><td>6,187</td><td>4,315</td><td>-107</td><td>-135</td><td>3,099</td><td>6,908</td><td>264,489</td><td>51</td><td>264,536</td></tr><tr><td>April</td><td>2,869</td><td>6,366</td><td>-3,213</td><td>-207</td><td>289</td><td>105</td><td>3,385</td><td>264,590</td><td>52</td><td>264,642</td></tr><tr><td>May</td><td>4,360</td><td>6,264</td><td>-1,968</td><td>416</td><td>-428</td><td>1,930</td><td>3,973</td><td>266,980</td><td>52</td><td>266,978</td></tr><tr><td>June</td><td>9,894</td><td>7,988</td><td>1,736</td><td>98</td><td>-373</td><td>-1,409</td><td>4,670</td><td>266,071</td><td>58</td><td>266,123</td></tr><tr><td>July</td><td>3,308</td><td>6,068</td><td>-2,759</td><td>-234</td><td>466</td><td>6,598</td><td>4,071</td><td>8,742</td><td>272,732</td></tr></table>
Source: Actual figures from Daily Treasury Statement; estimates based on 1954 Budget document, released January 9, 1953; see also footnote 2. More detailed information with respect to the figures in this table is given in succeeding tables.
1/ Gross receipts less appropriations to the Federal Old-Age and Survivors Insurance Trust Fund and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures. Beginning with the fiscal year 1951, investments of wholly owned Government corporations in public debt securities are excluded from
budget expenditures, and included with other such investments under "Trust Account and Other Transactions". Excess of receipts, or expenditures (-). For outstanding checks and interest coupons, and telegraphic reports from Federal Reserve Banks; excess of receipts, or expenditures (-). Revised estimates for the fiscal year 1954 based on existing tax laws were given in the President's tax message to Congress on May 20, 1953, as follows: net budget receipts $67.5 billion, budget expenditures $74.1 billion, budget deficit $6.6 billion, and cash deficit $3.3 billion.
2
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Income and profit taxes</th><th rowspan="2">Employer deposits</th><th rowspan="2">Miscellaneous internal revenue</th><th rowspan="2">Total internal revenue</th><th rowspan="2">Customer receipts</th><th rowspan="2">Other receipts</th><th rowspan="2">Gross receipts</th><th colspan="3">Deductions</th></tr><tr><th>Withheld by employers</th><th>Other</th><th>Total</th><th>Employer taxes</th><th>Appropriations to Federal Old-Age and Survivors Insurance Trust Fund</th><th>Refunds of receipts</th><th>Net receipts</th></tr><tr><td>1945</td><td>10,289</td><td>24,884</td><td>35,173</td><td>1,730</td><td>6,949</td><td>13,902</td><td>355</td><td>3,494</td><td>47,790</td><td>1,310</td><td>1,679</td><td>44,766</td></tr><tr><td>1946</td><td>9,392</td><td>21,403</td><td>30,885</td><td>1,701</td><td>7,725</td><td>40,110</td><td>435</td><td>3,498</td><td>44,235</td><td>1,258</td><td>9,973</td><td>40,027</td></tr><tr><td>1947</td><td>10,013</td><td>19,292</td><td>29,305</td><td>2,028</td><td>5,049</td><td>39,379</td><td>404</td><td>4,635</td><td>44,508</td><td>1,499</td><td>3,006</td><td>40,043</td></tr><tr><td>1948</td><td>11,436</td><td>19,735</td><td>31,172</td><td>2,332</td><td>5,302</td><td>41,253</td><td>622</td><td>3,934</td><td>46,099</td><td>1,616</td><td>2,272</td><td>42,212</td></tr><tr><td>1949</td><td>9,073</td><td>19,581</td><td>28,654</td><td>2,477</td><td>5,340</td><td>40,107</td><td>184</td><td>2,082</td><td>42,774</td><td>2,490</td><td>3,868</td><td>38,246</td></tr><tr><td>1950</td><td>12,073</td><td>18,189</td><td>30,262</td><td>2,983</td><td>8,303</td><td>39,449</td><td>423</td><td>1,439</td><td>41,312</td><td>2,106</td><td>2,160</td><td>37,045</td></tr><tr><td>1951</td><td>13,235</td><td>24,213</td><td>37,735</td><td>3,931</td><td>9,483</td><td>51,106</td><td>684</td><td>1,639</td><td>53,369</td><td>3,120</td><td>2,107</td><td>50,143</td></tr><tr><td>1952</td><td>18,221</td><td>32,866</td><td>51,347</td><td>4,566</td><td>9,726</td><td>65,633</td><td>521</td><td>1,214</td><td>67,999</td><td>3,569</td><td>2,302</td><td>62,129</td></tr><tr><td>1953</td><td>25,028</td><td>33,101</td><td>54,073</td><td>4,308</td><td>10,870</td><td>69,331</td><td>613</td><td>1,312</td><td>70,455</td><td>4,086</td><td>3,151</td><td>65,213</td></tr><tr><td>1954 (Est.)</td><td>24,979</td><td>36,023</td><td>56,594</td><td>5,238</td><td>10,809</td><td>72,731</td><td>590</td><td>2,121</td><td>75,322</td><td>4,298</td><td>2,559</td><td>68,665</td></tr><tr><td>1958-July</td><td>1,007</td><td>1,435</td><td>2,260</td><td>204</td><td>349</td><td>3,413</td><td>48</td><td>108</td><td>3,643</td><td>182</td><td>151</td><td>3,541</td></tr><tr><td>August</td><td>2,952</td><td>3,460</td><td>6,412</td><td>440</td><td>866</td><td>8,333</td><td>67</td><td>430</td><td>8,993</td><td>434</td><td>102</td><td>8,590</td></tr><tr><td>September</td><td>4,721</td><td>4,029</td><td>8,750</td><td>899</td><td>977</td><td>6,711</td><td>58</td><td>132</td><td>6,975</td><td>835</td><td>55</td><td>6,929</td></tr><tr><td>October</td><td>997</td><td>1,231</td><td>2,006</td><td>221</td><td>923</td><td>3,150</td><td>65</td><td>139</td><td>3,355</td><td>204</td><td>51</td><td>3,099</td></tr><tr><td>November</td><td>2,085</td><td>2,416</td><td>4,498</td><td>326</td><td>988</td><td>5,233</td><td>44</td><td>175</td><td>5,731</td><td>733</td><td>47</td><td>5,251</td></tr><tr><td>December</td><td>1,382</td><td>3,088</td><td>4,667</td><td>357</td><td>939</td><td>5,953</td><td>51</td><td>336</td><td>6,370</td><td>303</td><td>45</td><td>6,003</td></tr><tr><td>1953-January</td><td>989</td><td>3,111</td><td>3,983</td><td>147</td><td>842</td><td>4,972</td><td>51</td><td>209</td><td>5,232</td><td>117</td><td>54</td><td>5,061</td></tr><tr><td>February</td><td>3,244</td><td>1,479</td><td>4,533</td><td>757</td><td>956</td><td>6,130</td><td>43</td><td>107</td><td>6,300</td><td>486</td><td>336</td><td>5,479</td></tr><tr><td>March</td><td>1,142</td><td>8,254</td><td>10,229</td><td>490</td><td>993</td><td>12,122</td><td>96</td><td>108</td><td>11,870</td><td>429</td><td>946</td><td>10,475</td></tr><tr><td>April</td><td>1,170</td><td>1,817</td><td>2,774</td><td>247</td><td>880</td><td>3,900</td><td>58</td><td>90</td><td>4,044</td><td>232</td><td>963</td><td>3,862</td></tr><tr><td>May</td><td>3,399</td><td>4,500</td><td>3,373</td><td>625</td><td>982</td><td>4,960</td><td>51</td><td>169</td><td>5,140</td><td>516</td><td>244</td><td>4,880</td></tr><tr><td>June</td><td>2,138</td><td>6,986</td><td>8,705</td><td>474</td><td>939</td><td>10,117</td><td>51</td><td>154</td><td>10,323</td><td>420</td><td>159</td><td>9,744</td></tr></table>
Source: Actual figures from Daily Treasury Statement; estimates based on 1954 Budget document, released January 9, 1953. In the President's tax message to Congress on May 20, 1953, net budget receipts in 1954 were
estimated at $67.5 billion on the basis of existing tax laws (see page 1). Receipt classifications shown here differ somewhat from those in the Budget. Footnotes follow Table 2.
Table 2.- Expenditures by Major Classifications
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total $/</th><th>National defense and related activities</th><th>International finance and aid</th><th>Interest on the public debt 10/</th><th>Veterans' Administration 12/</th><th>Other</th></tr><tr><td>1945</td><td>98,703</td><td>90,501</td><td>-</td><td>3,617</td><td>2,060</td><td>2,525</td></tr><tr><td>1946</td><td>60,703</td><td>48,870</td><td>787</td><td>4,722</td><td>1,833</td><td>2,133</td></tr><tr><td>1947</td><td>39,499</td><td>16,012</td><td>4,360</td><td>4,958</td><td>7,659</td><td>2,328</td></tr><tr><td>1948</td><td>33,794 12/</td><td>11,500</td><td>4,143 12/</td><td>5,911</td><td>5,469</td><td>6,487</td></tr><tr><td>1949</td><td>40,057 12/</td><td>12,158</td><td>6,016 12/</td><td>5,339</td><td>6,878</td><td>9,666</td></tr><tr><td>1950</td><td>40,367</td><td>12,346</td><td>4,689</td><td>5,790</td><td>6,517</td><td>10,865</td></tr><tr><td>1951</td><td>44,633</td><td>19,992</td><td>4,469</td><td>5,613</td><td>5,333</td><td>9,263</td></tr><tr><td>1952</td><td>56,947</td><td>39,913 13/</td><td>4,917</td><td>5,399</td><td>4,898</td><td>11,308</td></tr><tr><td>1953</td><td>74,507</td><td>44,588</td><td>5,788</td><td>6,508</td><td>4,335</td><td>13,393</td></tr><tr><td>1954 (Est.)</td><td>78,587</td><td>46,330</td><td>7,595</td><td>6,350</td><td>4,494</td><td>13,716</td></tr><tr><td>1952-1July</td><td>6,742</td><td>3,884</td><td>594</td><td>320</td><td>402</td><td>1,543</td></tr><tr><td>August</td><td>5,016</td><td>2,971</td><td>296</td><td>183</td><td>366</td><td>906</td></tr><tr><td>September</td><td>6,070</td><td>4,008</td><td>302</td><td>599</td><td>339</td><td>847</td></tr><tr><td>October</td><td>6,383</td><td>3,753</td><td>423</td><td>572</td><td>363</td><td>1,302</td></tr><tr><td>November</td><td>5,162</td><td>3,302</td><td>372</td><td>185</td><td>354</td><td>944</td></tr><tr><td>December</td><td>7,124</td><td>4,082</td><td>372</td><td>126</td><td>386</td><td>2,140</td></tr><tr><td>1953-1January</td><td>5,737</td><td>3,638</td><td>393</td><td>233</td><td>394</td><td>1,123</td></tr><tr><td>February</td><td>5,592</td><td>3,501</td><td>468</td><td>311</td><td>349</td><td>965</td></tr><tr><td>March</td><td>6,187</td><td>3,769</td><td>690</td><td>563</td><td>364</td><td>761</td></tr><tr><td>April</td><td>6,368</td><td>3,891</td><td>468</td><td>372</td><td>391</td><td>1,481</td></tr><tr><td>May</td><td>6,241</td><td>3,746</td><td>547</td><td>179</td><td>350</td><td>1,418</td></tr><tr><td>June</td><td>7,988</td><td>4,056</td><td>560</td><td>1,832</td><td>349</td><td>1,142</td></tr></table>
Source: Actual figures from Daily Treasury Statement; estimates based on 1954 Budget document, released January 9, 1953. In the President's 1954 budget, the 1954-55 budgetary and operating budget expenditures in 1954 were estimated at $74.1 billion (see page 1). Expenditure classifications shown here differ somewhat from those in the Budget.
1/ Fiscal Year detail, see tables under "Internal Revenue Collection". Under Current Tax Payment Act of 1943, as amended (26 U.S.C. 1621-1632). Fiscal year 1955 and monthly figures include old-age insurance taxes on employers and employees, because these taxes are not included in the data for 1954. The 1954 fiscal year figures exclude old-age insurance taxes, on the basis of estimates beginning 1951. For further explanation, see footnote 7.
2/ Corporation income and profit taxes and individual income tax were withheld by the employer and employee, respectively, but not included in insurance tax on self-employment income, because this tax is not
Separate schedules for the current year and prior fiscal year returnable currently from income tax not withheld. Prior fiscal year returnable amounts are included in the current year estimates beginning 1992. For further explanation, see Footnote 7.
August 1955
3
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures for National Defense and Related Activities
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Air Force 13/</th><th>Army 15/</th><th>Serv 16/</th><th>Payments under Armed Forces Leave Act</th><th>Reconstruction Finance Corporation 17/</th><th>United States Maritime Commission 18/</th><th>UNRRA</th><th>Surplus property disposal</th><th>Strategic and critical materials 12/</th><th>Other 20/</th></tr><tr><td>1947</td><td>90,501</td><td>-</td><td>50,337</td><td>30,047</td><td>-</td><td>472</td><td>3,227</td><td>114</td><td>-</td><td>-</td><td>6,395</td></tr><tr><td>1948</td><td>45,870</td><td>-</td><td>27,300</td><td>15,163</td><td>-</td><td>328</td><td>694</td><td>664</td><td>106</td><td>-</td><td>4,117</td></tr><tr><td>1949</td><td>16,612</td><td>-</td><td>6,911</td><td>4,998</td><td>1,995</td><td>138</td><td>271</td><td>3,501</td><td>142</td><td>11</td><td>294</td></tr><tr><td>1949</td><td>11,500</td><td>-</td><td>5,046</td><td>4,171</td><td>270</td><td>-</td><td>277</td><td>268</td><td>329</td><td>99</td><td>44</td></tr><tr><td>1949</td><td>12,158</td><td>1,690</td><td>5,417</td><td>4,412</td><td>10</td><td>-</td><td>136</td><td>25</td><td>98</td><td>299</td><td>71</td></tr><tr><td>1950</td><td>12,346</td><td>3,506</td><td>6,058</td><td>8,120</td><td>1</td><td>-</td><td>-</td><td>-</td><td>7</td><td>439</td><td>229</td></tr><tr><td>1951</td><td>13,932</td><td>6,238</td><td>6,867</td><td>5,757</td><td>3</td><td>-</td><td>-</td><td>-</td><td>9</td><td>656</td><td>139</td></tr><tr><td>1952</td><td>39,033 13/</td><td>12,350 13/</td><td>15,370 13/</td><td>9,920</td><td>1</td><td>-</td><td>-</td><td>-</td><td>2</td><td>847</td><td>303</td></tr><tr><td>1953</td><td>44,594</td><td>14,882</td><td>15,497</td><td>11,776</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>912</td><td>517</td></tr><tr><td>1954 (Est.)</td><td>46,430</td><td>17,510</td><td>15,800</td><td>12,000</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>900</td><td>820</td></tr><tr><td>1950-July</td><td>3,098</td><td>1,897</td><td>1,508</td><td>966</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>83</td><td>30</td></tr><tr><td>August</td><td>5,971</td><td>1,940</td><td>981</td><td>850</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>92</td><td>28</td></tr><tr><td>September</td><td>4,008</td><td>1,344</td><td>1,560</td><td>961</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>103</td><td>40</td></tr><tr><td>October</td><td>3,723</td><td>1,211</td><td>1,468</td><td>916</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>86</td><td>42</td></tr><tr><td>November</td><td>3,202</td><td>1,092</td><td>1,301</td><td>857</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>97</td><td>36</td></tr><tr><td>December</td><td>4,081</td><td>1,385</td><td>1,524</td><td>1,094</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>69</td><td>38</td></tr><tr><td>1953-January</td><td>3,632</td><td>1,285</td><td>1,212</td><td>1,080</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>75</td><td>40</td></tr><tr><td>February</td><td>3,501</td><td>1,068</td><td>1,315</td><td>958</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>71</td><td>63</td></tr><tr><td>March</td><td>3,769</td><td>1,284</td><td>1,233</td><td>1,078</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>93</td><td>41</td></tr><tr><td>April</td><td>1,891</td><td>1,285</td><td>1,399</td><td>1,113</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>52</td><td>11</td></tr><tr><td>May</td><td>3,746</td><td>1,214</td><td>1,480</td><td>1,003</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>66</td><td>44</td></tr><tr><td>June</td><td>4,956</td><td>1,399</td><td>1,488</td><td>1,055</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>65</td><td>50</td></tr></table>
Source: See Table 2. Footnotes at end of Table 5.
Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Breton Woods Agreements Act</th><th>Export-Import Bank 21/</th><th>Credit to United Kingdom 22/</th><th>Government and relief in occupied areas</th><th>Greek-Turkish Assist- ance</th><th colspan="3">Mutual Security Act 23/</th><th>Other 26/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Economic and technical assistance 24/</th><th>Military assistance 25/</th><th>Other</th><th></th></tr><tr><td>1946</td><td>727</td><td>159</td><td>568</td><td></td><td>514</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>4,988</td><td>1,426</td><td>939</td><td>2,050</td><td>881</td><td>161</td><td>134</td><td>-</td><td>-</td><td>803</td></tr><tr><td>1948</td><td>4,143</td><td>18/</td><td>469</td><td>1,700</td><td>1,333</td><td>279</td><td>4,043</td><td>-</td><td>-</td><td>430</td></tr><tr><td>1949</td><td>6,016</td><td>12/</td><td>-60</td><td></td><td>719</td><td>126</td><td>3,523</td><td>-</td><td>-</td><td>170</td></tr><tr><td>1950</td><td>8,639</td><td></td><td>45</td><td></td><td>370</td><td>65</td><td>3,006</td><td>88</td><td>-</td><td>98</td></tr><tr><td>1951</td><td>4,469</td><td></td><td>88</td><td></td><td>152</td><td>18</td><td>2,191</td><td>2,288</td><td>47</td><td>296</td></tr><tr><td>1952</td><td>8,237</td><td></td><td>29</td><td></td><td>68</td><td>4</td><td>1,794</td><td>3,760</td><td>47</td><td>90</td></tr><tr><td>1953</td><td>5,788</td><td></td><td>113</td><td></td><td></td><td></td><td></td><td>1,397</td><td>27/</td><td>105</td></tr><tr><td>1954 (Est.)</td><td>7,596</td><td></td><td>45</td><td></td><td>49</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>594</td><td></td><td>92</td><td></td><td>5</td><td>4</td><td>193</td><td>293</td><td>6</td><td>1</td></tr><tr><td>August</td><td>596</td><td></td><td>46</td><td></td><td>9</td><td>*</td><td>175</td><td>352</td><td>3</td><td>6</td></tr><tr><td>September</td><td>302</td><td></td><td>-13</td><td></td><td>4</td><td>*</td><td>118</td><td>139</td><td>6</td><td>7</td></tr><tr><td>October</td><td>423</td><td></td><td>-10</td><td></td><td>5</td><td>*</td><td>122</td><td>294</td><td>4</td><td>3</td></tr><tr><td>November</td><td>372</td><td></td><td>-5</td><td></td><td>4</td><td>*</td><td>106</td><td>266</td><td>2</td><td>2</td></tr><tr><td>December</td><td>371</td><td></td><td>-30</td><td></td><td>3</td><td>*</td><td>110</td><td>275</td><td>4</td><td>9</td></tr><tr><td>1955-January</td><td>339</td><td></td><td>-37</td><td></td><td>3</td><td>*</td><td>141</td><td>277</td><td>3</td><td>5</td></tr><tr><td>February</td><td>468</td><td></td><td>-6</td><td></td><td>3</td><td>*</td><td>143</td><td>316</td><td>2</td><td>10</td></tr><tr><td>March</td><td>590</td><td></td><td>-10</td><td></td><td></td><td></td><td>156</td><td>293</td><td>3</td><td>12</td></tr><tr><td>April</td><td>468</td><td></td><td>-23</td><td></td><td>2</td><td>*</td><td>114</td><td>366</td><td>3</td><td>7</td></tr><tr><td>May</td><td>547</td><td></td><td>47</td><td></td><td>4</td><td>*</td><td>200</td><td>289</td><td>3</td><td>10</td></tr><tr><td>June</td><td>560</td><td></td><td>63</td><td></td><td>3</td><td>*</td><td>148</td><td>349</td><td>7</td><td>15</td></tr></table>
Source: See Table 2.
Footnote 1 through 6 on page 2 and 9 through 15 on page 3. 
1. For the 1951-1952 tax year, a deposit of $1,000 was appropriated as equivalent to the amounts of taxes collected and deposited for old-age insurance. The Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950, changed in certain respects the basis for transferring the appropriate amount from the Treasury to the Federal January 1951, old-age insurance taxes on employers and employees and withheld income tax are paid into the Treasury in combined amounts without separation as to type of tax. The old-age insurance tax on self-employment income, imposed by Public Law 734, is included in the combined amount and is paid into the Treasury beginning with the taxable year 1951. Beginning January 1951, the amount transferred currently as appropriations to the trust fund are based on estimates of old-age insurance tax receipts made by the Secretary of the Treasury and the amount transferred from the old-age insurance and self-employment income records maintained in the Social
Security Administration. For purposes of this table, the amounts shown are the total amounts of the taxes collected and represent estimated receipts of old-age insurance taxes for corresponding periods. Accordingly, these amounts are included under employment taxes and excluded from total income and profits taxes as shown. Throughout the calendar year 1951, the earnings were derived from the income of self-employed persons and the balance was shown as income tax withheld. Beginning January 1952, the tax on self-employment income is allowed for in the amounts credited to the trust fund, but no breakdown between the two types of old-age insurance taxes is available because of the nature of the adjustments. The income tax was being abating 1950 but are not yet available for 1953. Figures for June 1953 include adjustments by increase in amounts transferred as appropriations as follows: $73 million based on records of self-employment income for calendar year 1951, $13 million based on increase in wages and salaries from June 30 to September 30 and December 31, 1952
Interest on refunds is included in Table 5 under "Miscellaneous".
4
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- "Other" Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>total</th><th>Agriculture 23/</th><th>Commerce 22/</th><th>Housing and home finance 30/</th><th>Postal deficit</th><th>Public works 31/</th><th>Reconstruction Finance Corporation 32/</th><th>Social security program 33/</th><th>Atomic Energy Commission</th><th>Miscellaneous 33/</th></tr><tr><td>1945</td><td>2,325</td><td>969</td><td>92</td><td>-207</td><td>1</td><td>313</td><td>-838</td><td>807</td><td>-</td><td>937</td></tr><tr><td>1946</td><td>2,313</td><td>263</td><td>98</td><td>-246</td><td>161</td><td>359</td><td>-23</td><td>849</td><td>-</td><td>1,182</td></tr><tr><td>1947</td><td>2,332</td><td>1,286</td><td>149</td><td>129</td><td>242</td><td>690</td><td>215</td><td>1,066</td><td>159</td><td>1,456</td></tr><tr><td>1948</td><td>5,467</td><td>788</td><td>172</td><td>-453</td><td>310</td><td>1,205</td><td>413</td><td>1,510</td><td>456</td><td>1,333</td></tr><tr><td>1949</td><td>9,566</td><td>2,658</td><td>239</td><td>-56</td><td>234</td><td>1,219</td><td>314</td><td>1,596</td><td>647</td><td>2,124</td></tr><tr><td>1950</td><td>10,85</td><td>2,986</td><td>389</td><td>-270</td><td>593</td><td>1,575</td><td>589</td><td>1,967</td><td>584</td><td>2,515</td></tr><tr><td>1951</td><td>9,263</td><td>635</td><td>378</td><td>660</td><td>684</td><td>1,458</td><td>-71</td><td>2,087</td><td>908</td><td>2,884</td></tr><tr><td>1952</td><td>1,334</td><td>1,212 32/</td><td>288</td><td>614</td><td>740</td><td>1,519</td><td>-159</td><td>2,003</td><td>1,643</td><td>3,096</td></tr><tr><td>1953</td><td>13,393</td><td>3,067</td><td>477</td><td>388</td><td>660</td><td>1,655</td><td>-96</td><td>2,253</td><td>1,902</td><td>3,385</td></tr><tr><td>1954 (Est.)</td><td>13,716</td><td>2,020</td><td>436</td><td>380</td><td>669</td><td>1,698</td><td>-120</td><td>2,312</td><td>2,700</td><td>3,683</td></tr><tr><td>1954-July</td><td>1,943</td><td>117</td><td>59</td><td>41</td><td>175</td><td>157</td><td>42</td><td>212</td><td>140</td><td>601</td></tr><tr><td>August</td><td>906</td><td>126</td><td>42</td><td>21</td><td>-</td><td>146</td><td>-3</td><td>195</td><td>144</td><td>234</td></tr><tr><td>September</td><td>847</td><td>49</td><td>28</td><td>71</td><td>-</td><td>158</td><td>9</td><td>170</td><td>155</td><td>207</td></tr><tr><td>October</td><td>1,302</td><td>198</td><td>45</td><td>79</td><td>180</td><td>174</td><td>-1</td><td>204</td><td>160</td><td>269</td></tr><tr><td>November</td><td>1,284</td><td>222</td><td>38</td><td>101</td><td>-</td><td>340</td><td>-11</td><td>508</td><td>150</td><td>232</td></tr><tr><td>December</td><td>1,340</td><td>289</td><td>45</td><td>122</td><td>-</td><td>138</td><td>-7</td><td>268</td><td>127</td><td>275</td></tr><tr><td>1953-February</td><td>1,223</td><td>377</td><td>24</td><td>-80</td><td>160</td><td>89</td><td>-16</td><td>193</td><td>158</td><td>239</td></tr><tr><td>March</td><td>965</td><td>289</td><td>40</td><td>19</td><td>-</td><td>70</td><td>-24</td><td>200</td><td>151</td><td>223</td></tr><tr><td>April</td><td>1,201</td><td>203</td><td>46</td><td>-3</td><td>-30</td><td>88</td><td>-28</td><td>157</td><td>62</td><td>207</td></tr><tr><td>May</td><td>1,418</td><td>581</td><td>38</td><td>66</td><td>-</td><td>129</td><td>-15</td><td>215</td><td>157</td><td>269</td></tr><tr><td>June</td><td>1,341</td><td>382</td><td>39</td><td>-10</td><td>50</td><td>145</td><td>-16</td><td>180</td><td>140</td><td>231</td></tr></table>
Source: See Table 3. Footnote 1 through 5 on page 2 and 7 through 9 on page 3. 10/ For a description of the expenditures for the fiscally year beginning November 1949, interest on the public debt is reported as an expenditure when such interest becomes due and payable, as distinguished from the date on which the Treasury becomes chargeable on the basis of interest paid by the Treasurer of the United States. 11/ Includes military works and other appropriations. 12/ Includes transactions relating to the Foreign Economic Cooperation Trust Fund (see page 1). 13/ The "Other Appropriations" Departments of the Air Force and the Army relating to "Deposit fund accounts" are included under "Trust Account and Other Transactions" instead of "Budget Receipts and Expenditures" on page 1. 14/ Department of the Air Force expenditures, excluding those made on behalf of this department out of appropriations to the Department of the Navy. 15/ Department of the Army expenditures, excluding the following: those included elsewhere in Table 3; international finance and aid, shown in the "International banks, works and financial control, included elsewhere" in "Public Works"; and certain construction expenditures of the Panama Canal prior to 1947 are included in Table 3 under "Other Appropriations" and "Other Trust Funds, including the Miscellaneous". Figures include certain expenditures on behalf of the Department of the Air Force (see footnote 14). 16/ Department of the Navy expenditures. Expenditures included elsewhere in Table 3 and those for international finance and aid shown in Table 14. 17/ Departmental expenditures for national defense and related activities were not segregated from other expenditures of the Corporation and its affiliates, which are included in Table 5. 19/ Expenditures expended by the Commission are shown in Table 3. Beginning 1950, expenditures of the Commission until it was abolished are included in Table 5 under "Commerce" (see footnote 29). 20/ Through 1947, includes "war" and "national defense" expenditures of various departments and agencies; administrative expenses of the Secretary of the Treasury; and the "Civil Works" of the Civil Aeronautics Board not included elsewhere in Table 3, until the Administration was transferred to the U. S. Maritime Administration for liquidation. September 1, 1947, through July 1, 1948, includes the National Advisory Committee for Aeronautics. From July 1947 through February 1948, consists of expenditures of that Committee and the Secretary of the Treasury. From February 1948 through September 1948, consists of the Office of the Secretary of Defense, including retired pay for the military services beginning September 1949. 21/ Expenditures of the executive agencies, the Executive Secretariat and the preceding Economic Cooperation Act of 1948, as amended.
22 Under the Financial Agreement of December 6, 1945, First repayment became due on December 31, 1951, when payments were made of $45 million. The balance on the outstanding debt as of December 31, 1952, was $45 million principal and $76 million interest.
23 Public Law 165, approved October 10, 1951.
24 Prior to July 1951, consists of expenditures under the Economic Cooperation Act.
25 As of July 1951, consists of expenditures for mutual defense assistance.
26 Includes principally relief to countries devastated by war, various other war-related activities, and aid to children and the emergency funds, and loan for construction and furnishing of United Nations headquarters.
27 Under the Mutual Security Act; breakdown not available.
28 Department of Agriculture expenditures, excluding those included in Tables 3 and 4 and those for forest roads and trails, included in Table 10.
29 Department of Commerce expenditures, excluding those included in Tables 3 and 4 and those for public roads included in Table 5 under "Other Appropriations"; these expenditures were abolished effective of 1950, until it was abolished and its functions were transferred to the Department of Agriculture. See note 11, above. Prior to July 1950, Excludes Constitutional Income Included in Table 3; beginning September 1950, includes Federal National Mortgage Association and prefabricated housing loan programs, which were transferred from the Reconstruction Finance Corporation by Reorganization Plans No. 22 and 23 of 1950.
31 Consists of expenditures for the following: public roads, except automobile highways; public buildings; and the construction of public construction only, beginning 1950; Bureau of Community Facilities through 1950, when it was abolished and its functions were transferred to the Department of Agriculture; Bureau of Engraving and Printing, included in Table 3 until the Agency was abolished by the act of June 30, 1945 (61 Stat. 350); Bureau of Reclamation; Tennessee Valley Authority; and expenditures for the Army and Navy, including Department of the Army; and forest roads and trails under the Department of Agriculture.
32 Excludes expenditures included in Table 3. See also footnote 30.
33 For more detail of those expenditures, see Tables 7, 8, and 9.
34 The amounts included in the tables do not include other agencies not included elsewhere and for legislative and judicial functions.
35 Beginning 1952, borrowings and other transactions of the Federal government for the purpose of financing expenditures of the Department, even though funds received and disbursed under certain of these transactions do not clear through accounts of the Treasurer of the United States.
* Less than $500,000.
August 1955
5
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Summary of Budget Results by Months and Years
(In millions of dollars)
<table><tr><th>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><th>Calendar Fiscal year 1</th></tr><tr><td colspan="14">Net budget receipts $</td></tr><tr><td>1933</td><td>112</td><td>110</td><td>270</td><td>109</td><td>149</td><td>282</td><td>82</td><td>96</td><td>243</td><td>124</td><td>160</td><td>316</td><td>1,984</td><td>1,984</td></tr><tr><td>1934</td><td>205</td><td>203</td><td>417</td><td>179</td><td>233</td><td>356</td><td>214</td><td>282</td><td>443</td><td>251</td><td>241</td><td>377</td><td>2,474</td><td>2,474</td></tr><tr><td>1935</td><td>197</td><td>208</td><td>595</td><td>221</td><td>241</td><td>458</td><td>274</td><td>294</td><td>417</td><td>269</td><td>230</td><td>367</td><td>3,198</td><td>3,198</td></tr><tr><td>1936</td><td>289</td><td>216</td><td>790</td><td>203</td><td>294</td><td>567</td><td>259</td><td>319</td><td>499</td><td>268</td><td>230</td><td>514</td><td>4,130</td><td>4,130</td></tr><tr><td>1937</td><td>236</td><td>225</td><td>964</td><td>313</td><td>285</td><td>822</td><td>304</td><td>408</td><td>742</td><td>288</td><td>283</td><td>818</td><td>5,747</td><td>5,779</td></tr><tr><td>1938</td><td>290</td><td>304</td><td>910</td><td>257</td><td>359</td><td>730</td><td>267</td><td>444</td><td>672</td><td>295</td><td>345</td><td>668</td><td>5,250</td><td>5,762</td></tr><tr><td>1939</td><td>267</td><td>363</td><td>682</td><td>208</td><td>340</td><td>582</td><td>260</td><td>355</td><td>671</td><td>272</td><td>377</td><td>513</td><td>4,631</td><td>5,103</td></tr><tr><td>1940</td><td>309</td><td>419</td><td>701</td><td>296</td><td>391</td><td>592</td><td>325</td><td>440</td><td>702</td><td>307</td><td>326</td><td>714</td><td>5,713</td><td>5,859</td></tr><tr><td>1941</td><td>334</td><td>411</td><td>1,297</td><td>383</td><td>336</td><td>1,270</td><td>407</td><td>390</td><td>1,128</td><td>437</td><td>598</td><td>1,205</td><td>8,467</td><td>7,287</td></tr><tr><td>1942</td><td>571</td><td>751</td><td>3,338</td><td>686</td><td>556</td><td>2,469</td><td>739</td><td>581</td><td>2,511</td><td>599</td><td>594</td><td>2,695</td><td>16,290</td><td>12,696</td></tr><tr><td>1943</td><td>783</td><td>949</td><td>5,402</td><td>1,908</td><td>1,472</td><td>5,567</td><td>2,001</td><td>2,714</td><td>5,441</td><td>2,064</td><td>2,993</td><td>5,730</td><td>34,463</td><td>25,602</td></tr><tr><td>1944</td><td>2,740</td><td>3,446</td><td>5,332</td><td>2,047</td><td>2,897</td><td>6,138</td><td>2,073</td><td>3,439</td><td>6,500</td><td>1,900</td><td>2,105</td><td>5,328</td><td>41,531</td><td>41,531</td></tr><tr><td>1945</td><td>3,459</td><td>5,613</td><td>6,661</td><td>2,786</td><td>2,900</td><td>5,702</td><td>2,435</td><td>2,656</td><td>4,875</td><td>2,453</td><td>2,322</td><td>4,067</td><td>43,968</td><td>44,762</td></tr><tr><td>1946</td><td>3,770</td><td>5,584</td><td>5,501</td><td>2,259</td><td>2,243</td><td>3,963</td><td>2,182</td><td>2,246</td><td>4,386</td><td>2,440</td><td>2,688</td><td>4,050</td><td>38,810</td><td>40,027</td></tr><tr><td>1947</td><td>3,769</td><td>4,196</td><td>5,292</td><td>1,966</td><td>2,891</td><td>5,929</td><td>2,603</td><td>2,632</td><td>4,983</td><td>2,339</td><td>2,690</td><td>4,197</td><td>41,830</td><td>41,830</td></tr><tr><td>1948</td><td>3,759</td><td>3,381</td><td>5,435</td><td>1,340</td><td>1,945</td><td>4,767</td><td>1,346</td><td>2,479</td><td>4,838</td><td>1,081</td><td>2,314</td><td>4,193</td><td>35,322</td><td>35,322</td></tr><tr><td>1949</td><td>3,199</td><td>3,348</td><td>4,680</td><td>2,348</td><td>2,360</td><td>4,880</td><td>1,830</td><td>2,660</td><td>4,800</td><td>2,032</td><td>2,831</td><td>4,321</td><td>37,121</td><td>37,121</td></tr><tr><td>1950</td><td>4,448</td><td>4,257</td><td>6,132</td><td>2,666</td><td>3,146</td><td>7,089</td><td>2,571</td><td>3,594</td><td>6,209</td><td>2,635</td><td>3,521</td><td>5,879</td><td>53,438</td><td>48,133</td></tr><tr><td>1951</td><td>4,953</td><td>5,553</td><td>9,886</td><td>4,383</td><td>3,809</td><td>9,796</td><td>3,316</td><td>4,050</td><td>6,585</td><td>3,999</td><td>4,151</td><td>6,903</td><td>69,583</td><td>62,129</td></tr><tr><td>1952</td><td>5,061</td><td>5,479</td><td>10,502</td><td>2,849</td><td>4,380</td><td>9,744</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>65,218</td><td></td></tr></table>
Budget expenditures 3/
<table><tr><td>1938</td><td>334</td><td>346</td><td>428</td><td>442</td><td>433</td><td>466</td><td>495</td><td>347</td><td>261</td><td>435</td><td>266</td><td>688</td><td>5,017</td><td>5,693</td></tr><tr><td>1939</td><td>990</td><td>831</td><td>607</td><td>620</td><td>751</td><td>768</td><td>866</td><td>904</td><td>326</td><td>496</td><td>488</td><td>686</td><td>2,492</td><td>4,563</td></tr><tr><td>1940</td><td>457</td><td>490</td><td>581</td><td>605</td><td>608</td><td>628</td><td>672</td><td>599</td><td>310</td><td>634</td><td>597</td><td>633</td><td>6,646</td><td>6,561</td></tr><tr><td>1936</td><td>458</td><td>499</td><td>571</td><td>625</td><td>551</td><td>8,336</td><td>425</td><td>596</td><td>699</td><td>680</td><td>538</td><td>651</td><td>8,539</td><td>6,493</td></tr><tr><td>1937</td><td>597</td><td>513</td><td>596</td><td>668</td><td>507</td><td>1,248</td><td>579</td><td>503</td><td>631</td><td>565</td><td>492</td><td>671</td><td>7,758</td><td>7,795</td></tr><tr><td>1938</td><td>513</td><td>430</td><td>587</td><td>667</td><td>431</td><td>786</td><td>666</td><td>703</td><td>751</td><td>777</td><td>567</td><td>835</td><td>8,220</td><td>5,938</td></tr><tr><td>1939</td><td>653</td><td>509</td><td>795</td><td>665</td><td>694</td><td>894</td><td>956</td><td>1,080</td><td>698</td><td>728</td><td>631</td><td>897</td><td>9,151</td><td>5,966</td></tr><tr><td>1940</td><td>677</td><td>604</td><td>758</td><td>710</td><td>605</td><td>858</td><td>843</td><td>981</td><td>801</td><td>823</td><td>688</td><td>1,157</td><td>10,681</td><td>6,054</td></tr><tr><td>1941</td><td>1,433</td><td>1,076</td><td>1,482</td><td>1,404</td><td>1,352</td><td>1,592</td><td>1,631</td><td>1,668</td><td>1,909</td><td>2,388</td><td>1,990</td><td>2,684</td><td>20,229</td><td>13,387</td></tr><tr><td>1942</td><td>2,690</td><td>2,592</td><td>3,512</td><td>3,939</td><td>4,400</td><td>4,810</td><td>5,297</td><td>5,456</td><td>5,983</td><td>6,184</td><td>6,012</td><td>6,966</td><td>57,751</td><td>34,187</td></tr><tr><td>1943</td><td>6,241</td><td>6,128</td><td>7,176</td><td>7,330</td><td>7,124</td><td>7,620</td><td>7,959</td><td>7,913</td><td>7,667</td><td>7,657</td><td>7,947</td><td>7,140</td><td>90,376</td><td>46,102</td></tr><tr><td>1944</td><td>1,737</td><td>2,012</td><td>10,432</td><td>7,337</td><td>6,879</td><td>6,531</td><td>8,014</td><td>8,208</td><td>7,779</td><td>8,034</td><td>7,811</td><td>8,387</td><td>97,181</td><td>92,335</td></tr><tr><td>1945</td><td>8,142</td><td>7,127</td><td>9,034</td><td>7,758</td><td>8,987</td><td>9,540</td><td>8,561</td><td>6,949</td><td>6,372</td><td>5,639</td><td>4,230</td><td>4,968</td><td>87,582</td><td>95,703</td></tr><tr><td>1946</td><td>4,767</td><td>3,320</td><td>3,598</td><td>3,750</td><td>3,498</td><td>4,338</td><td>3,871</td><td>2,745</td><td>2,856</td><td>2,934</td><td>3,423</td><td>3,400</td><td>121,261</td><td>72,144</td></tr><tr><td>1947</td><td>3,019</td><td>2,711</td><td>3,239</td><td>3,407</td><td>2,828</td><td>4,996</td><td>3,553</td><td>2,952</td><td>2,673</td><td>2,394</td><td>2,143</td><td>3,276</td><td>38,576</td><td>39,289</td></tr><tr><td>1948</td><td>2,800</td><td>2,824</td><td>3,086</td><td>2,941</td><td>2,282</td><td>3,018</td><td>3,741</td><td>2,335</td><td>3,066</td><td>2,911</td><td>3,163</td><td>4,102</td><td>36,209</td><td>33,791</td></tr><tr><td>1949</td><td>3,205</td><td>2,972</td><td>3,051</td><td>3,151</td><td>3,104</td><td>4,596</td><td>3,434</td><td>3,595</td><td>3,995</td><td>3,111</td><td>3,127</td><td>3,782</td><td>41,714</td><td>44,057</td></tr><tr><td>1950</td><td>3,406</td><td>3,496</td><td>3,649</td><td>3,867</td><td>3,429</td><td>4,293</td><td>3,912</td><td>3,219</td><td>3,550</td><td>3,370</td><td>3,783</td><td>3,982</td><td>39,481</td><td>43,157</td></tr><tr><td>1951</td><td>3,806</td><td>3,211</td><td>4,058</td><td>4,007</td><td>4,517</td><td>5,969</td><td>4,739</td><td>5,087</td><td>5,163</td><td>5,483</td><td>5,178</td><td>5,687</td><td>56,946</td><td>44,681</td></tr><tr><td>1952</td><td>5,455</td><td>5,105</td><td>5,704</td><td>6,016</td><td>5,699</td><td>5,930</td><td>6,742</td><td>6,018</td><td>6,070</td><td>6,383</td><td>5,161</td><td>7,124</td><td>71,366</td><td>66,145</td></tr><tr><td>1953</td><td>5,737</td><td>5,599</td><td>6,187</td><td>6,362</td><td>6,241</td><td>1,980</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>75,607</td></tr></table>
Budget surplus, or deficit (-)
<table><tr><td>1932</td><td>-222</td><td>-236</td><td>-198</td><td>-333</td><td>-284</td><td>-194</td><td>-108</td><td>-122</td><td>-8</td><td>-311</td><td>-195</td><td>-358</td><td>-2,735</td></tr><tr><td>1933</td><td>-75</td><td>-30</td><td>-190</td><td>-197</td><td>-105</td><td>-194</td><td>-203</td><td>-227</td><td>-66</td><td>-304</td><td>-253</td><td>-159</td><td>-2,606</td></tr><tr><td>1934</td><td>-686</td><td>-681</td><td>79</td><td>-185</td><td>-168</td><td>-194</td><td>-353</td><td>-262</td><td>-75</td><td>-407</td><td>-277</td><td>-185</td><td>-2,643</td></tr><tr><td>1935</td><td>-431</td><td>-243</td><td>179</td><td>-397</td><td>-299</td><td>-1,809</td><td>-135</td><td>-253</td><td>-164</td><td>-433</td><td>-303</td><td>-137</td><td>-4,265</td></tr><tr><td>1937</td><td>-351</td><td>-267</td><td>268</td><td>-334</td><td>-323</td><td>-466</td><td>-210</td><td>-93</td><td>125</td><td>-477</td><td>-609</td><td>-163</td><td>-2,782</td></tr><tr><td>1938</td><td>-423</td><td>-146</td><td>223</td><td>-410</td><td>-46</td><td>-299</td><td>-399</td><td>-359</td><td>-40</td><td>-682</td><td>-682</td><td>-166</td><td>-1,177</td></tr><tr><td>1939</td><td>-385</td><td>-222</td><td>-103</td><td>-451</td><td>-334</td><td>-332</td><td>-696</td><td>-592</td><td>-21</td><td>-430</td><td>-273</td><td>-1,300</td><td>-3,862</td></tr><tr><td>1940</td><td>-369</td><td>-186</td><td>57</td><td>-414</td><td>-213</td><td>-625</td><td>-510</td><td>-214</td><td>-34</td><td>-31,921</td><td>-1,932</td><td>-1,913</td><td>-3,292</td></tr><tr><td>1941</td><td>-369</td><td>-665</td><td>79</td><td>-1,082</td><td>-966</td><td>-352</td><td>-1,258</td><td>-1,278</td><td>-961</td><td>-1,921</td><td>-1,332</td><td>-1,479</td><td>-11,762</td></tr><tr><td>1942</td><td>-2,109</td><td>-1,901</td><td>23</td><td>-1,253</td><td>-1,844</td><td>-2,341</td><td>-4,518</td><td>-4,872</td><td>-3,410</td><td>-5,585</td><td>-5,417</td><td>-4,231</td><td>-41,651</td></tr><tr><td>1943</td><td>-5,946</td><td>-5,409</td><td>-5,243</td><td>-5,792</td><td>-5,022</td><td>-3,693</td><td>-5,998</td><td>-5,117</td><td>-8,227</td><td>-5,595</td><td>-5,854</td><td>-8,018</td><td>-29,691</td></tr><tr><td>1944</td><td>-1,636</td><td>523</td><td>-1,820</td><td>-3,201</td><td>-2,013</td><td>426</td><td>-3,937</td><td>-2,776</td><td>-1,976</td><td>-1,134</td><td>-1,796</td><td>-3,998</td><td>-11,690</td></tr><tr><td>1945</td><td>-1,683</td><td>-3,514</td><td>-2,373</td><td>-4,972</td><td>-5,028</td><td>-3,838</td><td>-6,162</td><td>-4,693</td><td>-1,937</td><td>-3,165</td><td>-8,208</td><td>-892</td><td>-93,941</td></tr><tr><td>1946</td><td>-1,042</td><td>243</td><td>1,908</td><td>-1,593</td><td>-1,131</td><td>-973</td><td>-1,105</td><td>-499</td><td>1,753</td><td>480</td><td>-165</td><td>1,022</td><td>8,434</td></tr><tr><td>1947</td><td>704</td><td>1,523</td><td>2,186</td><td>-1,445</td><td>-987</td><td>-861</td><td>-1,272</td><td>-149</td><td>1,474</td><td>-810</td><td>-594</td><td>-1,082</td><td>5,434</td></tr><tr><td>1948</td><td>1,396</td><td>1,934</td><td>2,798</td><td>-1,302</td><td>103</td><td>861</td><td>1,545</td><td>149</td><td>1,477</td><td>-810</td><td>-623</td><td>-88</td><td>8,214</td></tr><tr><td>1949</td><td>374</td><td>649</td><td>1,783</td><td>-1,811</td><td>-1,129</td><td>111</td><td>-1,882</td><td>-1,106</td><td>837</td><td>-1,230</td><td>-783</td><td>669</td><td>-1,928</td></tr><tr><td>1950</td><td>141</td><td>476</td><td>1,232</td><td>-1,352</td><td>-1,198</td><td>107</td><td>-1,332</td><td>144</td><td>1,088</td><td>-1,134</td><td>-752</td><td>170</td><td>-1,282</td></tr><tr><td>1951</td><td>640</td><td>1,047</td><td>4,054</td><td>-1,381</td><td>-1,370</td><td>1,119</td><td>-2,168</td><td>-1,493</td><td>1,046</td><td>-2,947</td><td>-1,658</td><td>-347</td><td>3,358</td></tr><tr><td>1952</td><td>-501</td><td>448</td><td>4,182</td><td>-1,593</td><td>-1,890</td><td>2,865</td><td>-3,426</td><td>-968</td><td>535</td><td>-3,883</td><td>-1,009</td><td>-1,121</td><td>-5,017</td></tr><tr><td>1953</td><td>-676</td><td>-116</td><td>4,313</td><td>-3,543</td><td>-1,868</td><td>1,756</td><td></td><td></td><td></td><td></td><td></td><td></td><td>-9,339</td></tr></table>
Source: Dally Treasury Statement.
1/ Fiscal year ending June 30 of year indicated.
2/ Includes receipts less expenses of the Old-Age and Survivors Insurance Trust Fund and refunds of receipts.
3/ Expenditures are "net", after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts credited to the accounts of corporations and agencies having authority to use collections without formal covering into the Treasury. The figures include transfers to trust accounts, transactions of the Foreign Economic Cooperation Trust Fund, established under the Export-Import Bank Act of 1934 (52 Stat. 150), and transactions of wholly owned Government corporations and agencies.
Beginning November 1950, investments by these corporations and agencies
in public debt securities are excluded from budget expenditures and included with other such investments under "Trust Account and Other Investments." This section is also included in the statement for 1950. The January 1951 for net investments classified as budget expenditures in the period July through October. Budget expenditures exclude also amounts for public debt retirement which are chargeable to the sinking fund, etc., under "Sinking Fund and Other." For further information, see fully owned Government corporations, for retirement of capital stock and disposition of earnings are excluded from both receipts and expenditures. Further information on capital transfers and the significant account of the Treasury Department is given in the 1952 Annual Report of the Secretary of the Treasury, pages 512 and 513.
6
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Social Security Act - Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Excess of net receipts, or expenditures (-) 1/</th><th colspan="2">Gross receipts</th><th colspan="2">Deductions</th><th>Net receipts</th></tr><tr><th></th><th></th><th>Total</th><th>For old-age insurance 2/</th><th>For unemployment insurance 3/</th><th>Appropriations to Federal Old-age and Survivors Insurance Trust Fund 4/</th><th>Refunds of social security taxes 5/</th><th></th></tr><tr><td>1945</td><td>-305.7</td><td>1,494.5</td><td>1,309.9</td><td>184.5</td><td>1,309.9</td><td>7.2</td><td>177.4</td></tr><tr><td>1946</td><td>-363.2</td><td>1,418.1</td><td>1,238.2</td><td>179.9</td><td>1,438.2</td><td>5.8</td><td>174.1</td></tr><tr><td>1947</td><td>-973.3</td><td>3,044.3</td><td>1,439.9</td><td>184.8</td><td>1,459.5</td><td>8.2</td><td>167.7</td></tr><tr><td>1948</td><td>-839.9</td><td>1,884.1</td><td>1,616.8</td><td>207.9</td><td>1,616.8</td><td>7.2</td><td>200.7</td></tr><tr><td>1949</td><td>-889.9</td><td>1,933.1</td><td>1,690.3</td><td>282.8</td><td>1,690.3</td><td>9.7</td><td>213.1</td></tr><tr><td>1950</td><td>-1,155.0</td><td>2,338.7</td><td>2,106.4</td><td>286.3</td><td>2,106.4</td><td>9.9</td><td>216.4</td></tr><tr><td>1951</td><td>-1,190.1</td><td>3,153.1</td><td>3,119.2</td><td>331.2</td><td>3,119.2</td><td>12.2</td><td>221.3</td></tr><tr><td>1952</td><td>-1,173.6</td><td>3,827.5</td><td>3,568.6</td><td>258.9</td><td>3,568.6</td><td>9.6</td><td>269.4</td></tr><tr><td>1953</td><td>-1,316.9</td><td>4,368.1</td><td>4,006.3</td><td>372.8</td><td>4,006.3</td><td>5.4</td><td>270.4</td></tr><tr><td>1952-July</td><td>-128.9</td><td>187.7</td><td>168.9</td><td>13.3</td><td>138.5</td><td>-5</td><td>4.7</td></tr><tr><td>August</td><td>-929.1</td><td>434.7</td><td>434.0</td><td>16.8</td><td>434.0</td><td>-4</td><td>16.3</td></tr><tr><td>September</td><td>-116.2</td><td>234.9</td><td>234.8</td><td>.1</td><td>234.8</td><td>.5</td><td>-.3</td></tr><tr><td>October</td><td>-188.1</td><td>207.5</td><td>204.3</td><td>3.2</td><td>204.3</td><td>.6</td><td>2.6</td></tr><tr><td>November</td><td>-108.6</td><td>247.8</td><td>232.7</td><td>12.1</td><td>232.7</td><td>.5</td><td>14.6</td></tr><tr><td>December</td><td>-109.3</td><td>328.3</td><td>309.9</td><td>1.7</td><td>309.9</td><td>.5</td><td>.9</td></tr><tr><td>1951-January</td><td>-164.2</td><td>133.1</td><td>117.4</td><td>15.7</td><td>117.4</td><td>.5</td><td>15.2</td></tr><tr><td>February</td><td>72.8</td><td>667.3</td><td>425.6</td><td>181.7</td><td>425.6</td><td>.4</td><td>181.3</td></tr><tr><td>March</td><td>3.9</td><td>438.6</td><td>424.5</td><td>14.0</td><td>424.5</td><td>.3</td><td>13.7</td></tr><tr><td>April</td><td>-217.2</td><td>234.2</td><td>232.4</td><td>1.7</td><td>232.4</td><td>.4</td><td>1.3</td></tr><tr><td>May</td><td>-109.4</td><td>239.2</td><td>215.6</td><td>19.6</td><td>215.6</td><td>.4</td><td>19.2</td></tr><tr><td>June</td><td>-126.2</td><td>420.8</td><td>419.6</td><td>1.2</td><td>419.6</td><td>.4</td><td>.8</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th rowspan="2">Administrative expenses</th><th rowspan="2">Transfer to P.O.A. and S.I. Trust Fund</th><th colspan="8">Expenditures</th></tr><tr><th colspan="3">Social Security Administration</th><th colspan="3">Grants to States</th><th colspan="2">Children's Bureau</th><th rowspan="2">Bureau of Employment Security</th></tr><tr><th></th><th></th><th></th><th></th><th>Old-age assistance</th><th>Aid to dependent children</th><th>Aid to the blind</th><th>Aid to disabled /</th><th>Maternal and child health</th><th> crippled children</th><th>Child welfare</th></tr><tr><td>1945</td><td>484.1</td><td>32.2</td><td>-</td><td>451.9</td><td>2/</td><td>333.6</td><td>58.8</td><td>10.0</td><td>-</td><td>5.4</td><td>3.8</td><td>1.4</td><td>34.4</td></tr><tr><td>1946</td><td>337.6</td><td>39.2</td><td>-</td><td>498.4</td><td>2/</td><td>361.2</td><td>29.3</td><td>10.3</td><td>-</td><td>6.3</td><td>4.2</td><td>1.3</td><td>55.6</td></tr><tr><td>1947</td><td>790.0</td><td>29.5</td><td>-</td><td>724.1</td><td></td><td>315.7</td><td>13.3</td><td>14.9</td><td>-</td><td>10.7</td><td>7.9</td><td>2.0</td><td>99.8</td></tr><tr><td>1948</td><td>840.4</td><td>20.1</td><td>.7</td><td>819.6</td><td></td><td>273.1</td><td>141.7</td><td>16.9</td><td>-</td><td>10.5</td><td>7.4</td><td>3.4</td><td>66.6</td></tr><tr><td>1949</td><td>1,103.0</td><td>14.6</td><td>1.3</td><td>1,009.1</td><td></td><td>710.8</td><td>190.0</td><td>20.3</td><td>-</td><td>11.3</td><td>8.2</td><td>3.7</td><td>140.7</td></tr><tr><td>1950</td><td>1,371.4</td><td>14.1</td><td>1.6</td><td>1,233.7</td><td></td><td>831.2</td><td>295.1</td><td>24.2</td><td>-</td><td>11.8</td><td>7.6</td><td>3.9</td><td>207.5</td></tr><tr><td>1951</td><td>1,413.4</td><td>17.8</td><td>3.7</td><td>1,321.8</td><td></td><td>826.1</td><td>316.5</td><td>26.2</td><td>17.0</td><td>12.9</td><td>9.7</td><td>5.5</td><td>178.0</td></tr><tr><td>1952</td><td>1,423.0</td><td>24.0</td><td>3.7</td><td>1,395.2</td><td></td><td>799.8</td><td>303.3</td><td>29.4</td><td>15.2</td><td>12.7</td><td>11.1</td><td>7.2</td><td>186.5</td></tr><tr><td>1953</td><td>1,597.3</td><td>23.7</td><td>-</td><td>1,553.6</td><td></td><td>899.4</td><td>335.5</td><td>32.7</td><td>59.3</td><td>13.3</td><td>11.8</td><td>6.4</td><td>202.2</td></tr><tr><td>1952-July</td><td>157.7</td><td>2.0</td><td>-</td><td>155.7</td><td></td><td>97.5</td><td>37.9</td><td>3.7</td><td>6.3</td><td>2.1</td><td>1.7</td><td>1.6</td><td>1.8</td></tr><tr><td>August</td><td>103.4</td><td>2.0</td><td>-</td><td>101.4</td><td></td><td>70.3</td><td>21.1</td><td>2.7</td><td>4.4</td><td>.6</td><td>.3</td><td>.1</td><td>1.1</td></tr><tr><td>September</td><td>115.8</td><td>2.0</td><td>-</td><td>113.9</td><td></td><td>63.6</td><td>25.0</td><td>2.4</td><td>4.3</td><td>.6</td><td>.6</td><td>.7</td><td>16.7</td></tr><tr><td>October</td><td>130.8</td><td>2.0</td><td>-</td><td>128.8</td><td></td><td>92.0</td><td>34.7</td><td>3.5</td><td>5.9</td><td>2.0</td><td>1.4</td><td>.2</td><td>49.1</td></tr><tr><td>November</td><td>123.2</td><td>2.0</td><td>-</td><td>121.2</td><td></td><td>81.2</td><td>32.0</td><td>3.1</td><td>5.3</td><td>1.2</td><td>1.3</td><td>1.2</td><td>.8</td></tr><tr><td>December</td><td>103.2</td><td>2.0</td><td>-</td><td>101.2</td><td></td><td>66.8</td><td>20.0</td><td>1.8</td><td>4.0</td><td>1.2</td><td>1.6</td><td>1.0</td><td>4.8</td></tr><tr><td>1953-January</td><td>179.7</td><td>1.9</td><td>-</td><td>177.8</td><td></td><td>84.7</td><td>32.6</td><td>2.9</td><td>5.2</td><td>1.7</td><td>.9</td><td>.5</td><td>49.3</td></tr><tr><td>February</td><td>108.5</td><td>1.9</td><td>-</td><td>106.6</td><td></td><td>66.5</td><td>26.7</td><td>2.5</td><td>3.9</td><td>1.2</td><td>1.2</td><td>.1</td><td>6.5</td></tr><tr><td>March</td><td>91.8</td><td>1.9</td><td>-</td><td>7.9</td><td></td><td>1.6</td><td>1.1</td><td>-</td><td>-</td><td>.6</td><td>1.8</td><td>.9</td><td>4.9</td></tr><tr><td>April</td><td>238.6</td><td>2.0</td><td>-</td><td>236.6</td><td></td><td>136.0</td><td>59.4</td><td>5.9</td><td>11.5</td><td>1.8</td><td>1.9</td><td>1.8</td><td>17.7</td></tr><tr><td>May</td><td>128.5</td><td>2.0</td><td>-</td><td>122.6</td><td></td><td>70.3</td><td>25.0</td><td>2.5</td><td>5.3</td><td>.7</td><td>.7</td><td>.3</td><td>17.8</td></tr><tr><td>June</td><td>127.0</td><td>2.0</td><td>-</td><td>125.0</td><td></td><td>49.9</td><td>19.3</td><td>1.8</td><td>3.3</td><td>.4</td><td>.4</td><td>.1</td><td>49.8</td></tr></table>
Source: Daily Treasury Statement
Excess of expenditures is covered by appropriations by Congress. Taxes on employees and employers under the Federal Insurance Contributions Act and later amendments (26 U.S.C. 1400-1432); and tax on self-employment income under the Social Security Act Amendments of 1950 (26 U.S.C. 1400-1401).
1950 (26 U.S.C. 480-482). The tax on self-employment income is levied and collected as part of the individual income tax beginning with the taxable year 1951. Beginning January 1951, the receipts shown here are based on estimates (see footnote 4).
3/ Tax on employers of 8 or more under the Federal Unemployment Tax Act and later amendments (26 U.S.C. 1600-1611). Figures exclude certain credits not to exceed 90 percent of the total tax which are allowed with respect to contributions by the taxpayer to a State fund under a State unemployment compensation law.
Approximation to the Federal Old-Age and Survivors Insurance Trust Fund equivalent to the amount of taxes collected and deposited for old-age insurance (42 U.S.C. 401 (a)) as also footnote 2. The Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950, changed in certain respects the basis of transferring the appropriated funds to the trust fund. Effective January 1, 1951, the amounts transferred currently as appropriations to the trust fund are based on estimates of old-age insurance tax receipts made by the Secretary of the Treasury, and are adjusted in later transfers on the basis of wage and self-employment income
records maintained in the Social Security Administration. For purposes of this table, beginning January 1951, the same amount as is credited each month to the trust fund is shown as estimated current tax receipts for old-age insurance.
5/ Interest on refunds is included under "Administrative expenses".
Includes expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act, as amended; administrative expenses reimbursed to the General Fund of the Treasury under Section 201 (f) of the Social Security Act, as amended; administrative expenses under the Wagner-Peyser Act of 1933, as amended
(29 U.S.C. 49d) and interest on refunds of social security taxes.
Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950.
For unemployment insurance and maintenance of public employment offices; includes expenditures made directly by the Federal Government beginning January 1942 for maintenance of employment offices, and expenditures of the U. S. Employment Service for the period December 1942 through
June 1948, when it was not in the Bureau of Employment Security. Total includes expenditures for grants to States, Public Health Service, as follows: 1945, $10.7 million; and 1946, $2 million. After 1945
expenditures were made under provisions of the Public Health Service Act of 1944 (58 Stat. 682).
Less than $50,000.
August 1957
BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Railroad Retirement Act - Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Excess of net receipts, or expenditures (-) 1/</th><th colspan="3">Receipts</th><th colspan="3">Expenditures</th></tr><tr><th>Taxes on carriers and their employees</th><th>Deduction: Refunds of taxes on carriers and their employees 2/</th><th>Net receipts</th><th>Total</th><th>Administrative expenses 3/</th><th>Transfers to Railroad Retirement Account (trust account)</th></tr><tr><td>1945</td><td>-86.3</td><td>889.0</td><td>.2</td><td>884.8</td><td>312.1</td><td>2.3</td><td>308.8</td></tr><tr><td>1946</td><td>-12.8</td><td>886.6</td><td>.9</td><td>881.7</td><td>294.5</td><td>4.6</td><td>291.9</td></tr><tr><td>1947</td><td>-77.3</td><td>380.1</td><td>*</td><td>380.0</td><td>302.8</td><td>4.3</td><td>298.5</td></tr><tr><td>1948</td><td>-806.5</td><td>597.1</td><td>*</td><td>597.0</td><td>763.5</td><td>5.0</td><td>758.5</td></tr><tr><td>1949</td><td>-15.5</td><td>563.8</td><td>5</td><td>563.4</td><td>578.9</td><td>4.4</td><td>574.5</td></tr><tr><td>1950</td><td>-34.1</td><td>350.2</td><td>.2</td><td>349.6</td><td>383.7</td><td>.9</td><td>382.8</td></tr><tr><td>1951</td><td>-30.5</td><td>577.5</td><td>*</td><td>577.5</td><td>608.0</td><td>*</td><td>608.0</td></tr><tr><td>1952</td><td>-35.9</td><td>735.0</td><td>.2</td><td>734.8</td><td>770.7</td><td>1.4</td><td>770.7</td></tr><tr><td>1953</td><td>-30.3</td><td>620.0</td><td>.7</td><td>625.3</td><td>659.5</td><td>*</td><td>659.2</td></tr><tr><td>1954</td><td>-35.9</td><td>16.5</td><td>*</td><td>16.5</td><td>89.3</td><td>*</td><td>89.3</td></tr><tr><td>July, August, September</td><td>3.1</td><td>89.2</td><td>*</td><td>89.2</td><td>86.1</td><td>*</td><td>86.1</td></tr><tr><td>September</td><td>-5</td><td>54.3</td><td>*</td><td>54.3</td><td>53.9</td><td>*</td><td>53.9</td></tr><tr><td>October</td><td>1.5</td><td>13.9</td><td>*</td><td>13.9</td><td>12.4</td><td>*</td><td>12.4</td></tr><tr><td>November</td><td>1.4</td><td>88.5</td><td>*</td><td>88.5</td><td>86.0</td><td>1.1</td><td>84.0</td></tr><tr><td>December</td><td>-6.1</td><td>28.9</td><td>.7</td><td>28.2</td><td>28.3</td><td>*</td><td>28.2</td></tr><tr><td>1955-January</td><td>.7</td><td>18.2</td><td>*</td><td>18.2</td><td>13.4</td><td>*</td><td>13.4</td></tr><tr><td>February</td><td>-1.2</td><td>89.4</td><td>*</td><td>89.4</td><td>90.6</td><td>*</td><td>90.6</td></tr><tr><td>March</td><td>1.4</td><td>21.8</td><td>*</td><td>21.8</td><td>21.2</td><td>.3</td><td>21.9</td></tr><tr><td>April</td><td>1.1</td><td>12.6</td><td>-</td><td>12.6</td><td>12.5</td><td>*</td><td>12.5</td></tr><tr><td>May</td><td>-.7</td><td>89.6</td><td>*</td><td>89.6</td><td>90.2</td><td>*</td><td>90.2</td></tr><tr><td>June</td><td>.6</td><td>53.3</td><td>-</td><td>53.3</td><td>58.7</td><td>*</td><td>58.7</td></tr></table>
Source: Daily Treasury Statement. 1/ Excess of expenditures is covered by appropriations by Congress. 2/ Interest on refunds is included under "Administrative expenses". 3/ Includes interest on refunds (see footnote 2). Beginning in 1950,
* Less than $50,000.
Table 9.- Railroad Unemployment Insurance Act 1/ - Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Excess of receipts or expenditures (-) $ /</th><th colspan="2">Receipts</th><th colspan="3">Expenditures</th></tr><tr><th>Railroad unemployment insurance contributions $ /</th><th>Total</th><th>Administrative expense $ /</th><th>Transfers to Railroad Unemployment Insurance Account, Unemployment Trust Fund $ /</th></tr><tr><td>1945</td><td>.6</td><td>13.2</td><td>12.6</td><td>3.7</td><td>8.9</td></tr><tr><td>1946</td><td>-2</td><td>12.9</td><td>13.1</td><td>3.5</td><td>9.6</td></tr><tr><td>1947</td><td>.5</td><td>14.2</td><td>13.7</td><td>4.5</td><td>9.2</td></tr><tr><td>1948</td><td>.6</td><td>14.5</td><td>15.1</td><td>5.5</td><td>9.7</td></tr><tr><td>1949</td><td>-5.1</td><td>9.7</td><td>14.8</td><td>5.9</td><td>9.0</td></tr><tr><td>1950</td><td>-3.2</td><td>9.1</td><td>12.3</td><td>6.9</td><td>5.4</td></tr><tr><td>1951</td><td>4.0</td><td>9.8</td><td>5.8</td><td>5.8</td><td>-</td></tr><tr><td>1952</td><td>.6</td><td>10.3</td><td>9.7</td><td>5.3</td><td>4.4</td></tr><tr><td>1953</td><td>-6</td><td>10.0</td><td>10.6</td><td>5.9</td><td>4.9</td></tr><tr><td>1956-July</td><td>-5.5</td><td>*</td><td>5.5</td><td>.6</td><td>4.9</td></tr><tr><td>August</td><td>.3</td><td>1.</td><td>.4</td><td>.4</td><td>-</td></tr><tr><td>September</td><td>2.0</td><td>2.4</td><td>.5</td><td>.5</td><td>-</td></tr><tr><td>October</td><td>-.4</td><td>*</td><td>.4</td><td>.4</td><td>-</td></tr><tr><td>November</td><td>-6</td><td>1.</td><td>.7</td><td>.7</td><td>-</td></tr><tr><td>December</td><td>1.8</td><td>2.4</td><td>.6</td><td>.6</td><td>-</td></tr><tr><td>1955-January</td><td>-.1</td><td>*</td><td>.1</td><td>.1</td><td>-</td></tr><tr><td>February</td><td>-.6</td><td>.2</td><td>.8</td><td>.8</td><td>-</td></tr><tr><td>March</td><td>2.1</td><td>2.3</td><td>.2</td><td>.2</td><td>-</td></tr><tr><td>April</td><td>-.4</td><td>*</td><td>.4</td><td>.4</td><td>-</td></tr><tr><td>May</td><td>-.3</td><td>.3</td><td>.6</td><td>.6</td><td>-</td></tr><tr><td>June</td><td>1.5</td><td>2.1</td><td>.6</td><td>.6</td><td>-</td></tr></table>
of the taxable pay roll; the remaining contributions are deposited in the Railroad Unemployment Insurance Account (§5 U.S.C. 358 (f)). (See "Trust Account and Other Transactions", Table 7). Consists of expenditures from appropriations made specifically for administrative expenses relating to the Railroad Unemployment Insurance Act. Represents excess funds of the Railroad Unemployment Insurance Administration Fund, under act of Oct 10, 1940 (54 Stat. 1099). Less than $50,000.
Sources: Daily Treasury Statement.
1/ Operated as Railroad Unemployment Insurance Administration Fund, for administrative expenses of the Railroad Retirement Board in administering the act (45 U.S.C. 361).
2/ Excess of expenditures is covered by appropriations by Congress.
3/ Through 1948 represented 10% of contributions under the Railroad Unemployment Insurance Act of 1938; the remaining 90% was deposited in the Railroad Unemployment Insurance Account in the Unemployment Trust Fund. Beginning 1949, represents contributions equal to 0.2%
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net of trust account and other transactions 1/</th><th colspan="3">Trust accounts, etc.</th><th>Net investments of Government agencies in public debt securities 2/</th><th colspan="2">Net redemptions, or sales (-), of securities of Government agencies in the market 3/</th></tr><tr><th></th><th></th><th>Net receipts, or expenditures (-)</th><th>Receipts</th><th>Expenditures (other than net investments)</th><th></th><th>Guaranteed</th><th>Not guaranteed</th></tr><tr><td>1945</td><td>791</td><td>7,544</td><td>7,086</td><td>498</td><td>5,200</td><td>1,276</td><td>277</td></tr><tr><td>1946</td><td>-204</td><td>3,438</td><td>1,712</td><td>4,474</td><td>3,568</td><td>160</td><td>-66</td></tr><tr><td>1947</td><td>-3,473</td><td>2,613</td><td>5,214</td><td>3,629</td><td>3,358</td><td>387</td><td>-28</td></tr><tr><td>1948</td><td>-294</td><td>2,658</td><td>6,512 3/</td><td>3,857</td><td>3,060</td><td>16</td><td>-123</td></tr><tr><td>1949</td><td>-495</td><td>1,890</td><td>5,724</td><td>3,824 3/</td><td>8,311</td><td>46</td><td>28</td></tr><tr><td>1950</td><td>99</td><td>-281</td><td>6,565</td><td>6,950</td><td>4,945</td><td>8</td><td>14</td></tr><tr><td>1951</td><td>679</td><td>3,892</td><td>7,796</td><td>3,945</td><td>3,597</td><td>-10</td><td>-374</td></tr><tr><td>1952</td><td>147</td><td>3,895</td><td>8,907</td><td>5,292</td><td>3,636</td><td>-16</td><td>88 3/</td></tr><tr><td>1953</td><td>437</td><td>3,763</td><td>8,932</td><td>5,169</td><td>3,301</td><td>-7</td><td>32</td></tr><tr><td>1954 (Estimated)</td><td>27</td><td>3,259</td><td>9,547</td><td>6,287</td><td>3,344</td><td>25</td><td>-137</td></tr><tr><td>1958-July</td><td>-17</td><td>266</td><td>478</td><td>473</td><td>308</td><td>11</td><td>-37</td></tr><tr><td>August</td><td>77</td><td>427</td><td>499</td><td>296</td><td>397</td><td>-5</td><td>-66</td></tr><tr><td>September</td><td>422</td><td>500</td><td>427</td><td>-72</td><td>44</td><td>-1</td><td>34</td></tr><tr><td>October</td><td>-292</td><td>-186</td><td>401</td><td>587</td><td>21</td><td>-5</td><td>50</td></tr><tr><td>November</td><td>301</td><td>608</td><td>975</td><td>361</td><td>481</td><td>-6</td><td>-68</td></tr><tr><td>December</td><td>-265</td><td>331</td><td>747</td><td>617</td><td>349</td><td>-3</td><td>90</td></tr><tr><td>1955-January</td><td>-111</td><td>-10</td><td>286</td><td>296</td><td>130</td><td>6</td><td>-35</td></tr><tr><td>February</td><td>272</td><td>576</td><td>920</td><td>346</td><td>170</td><td>-2</td><td>134</td></tr><tr><td>March</td><td>-197</td><td>-109</td><td>649</td><td>798</td><td>100</td><td>-1</td><td>-11</td></tr><tr><td>April</td><td>-201</td><td>-449</td><td>443</td><td>488</td><td>122</td><td>-1</td><td>91</td></tr><tr><td>May</td><td>146</td><td>831</td><td>1,047</td><td>217</td><td>493</td><td>4</td><td>-18</td></tr><tr><td>June</td><td>98</td><td>801</td><td>1,338</td><td>537</td><td>735</td><td>*</td><td>-33</td></tr></table>
Sources: Actual figures from Daily Treasury Statement; estimates based on 1954 Budget document, released January 9, 1953. For revised estimates of total budget receipts and expenditures in 1954 as presented in the President's tax message to Congress on May 20, 1953, see page 1. 1/ Excess of receipts, or expenditures (-). 2/ Consists of transactions which clear through accounts of the Treasurer
of the United States, except as noted in footnote 4. Excludes Foreign Economic Cooperation Trust Fund (see page 1). Beginning 1952, net transactions in Federal Intermediate Credit Bank issues are included even though certain of these transactions do not clear through the accounts of the Treasurer of the United States. Less than $500,000. Revised.
Table 2.- Trust Account Receipts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Retiree Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funds 1/</th><th>Other trust funds and accounts 2/</th></tr><tr><td>1945</td><td>7,086</td><td>1,434</td><td>324</td><td>1,508</td><td>2,127</td><td>97</td><td>577</td><td>1,038</td></tr><tr><td>1946</td><td>7,712</td><td>1,386</td><td>312</td><td>1,450</td><td>2,351</td><td>103</td><td>614</td><td>1,666</td></tr><tr><td>1947</td><td>6,604</td><td>1,663</td><td>353</td><td>1,889</td><td>1,504</td><td>134</td><td>578</td><td>728</td></tr><tr><td>1948</td><td>6,315 3/</td><td>1,907</td><td>797</td><td>1,313</td><td>740</td><td>90</td><td>594</td><td>1,174 3/</td></tr><tr><td>1949</td><td>5,714</td><td>1,924</td><td>625</td><td>1,173</td><td>690</td><td>92</td><td>680</td><td>929</td></tr><tr><td>1950</td><td>6,669</td><td>2,367</td><td>645</td><td>1,201</td><td>1,076</td><td>81</td><td>850</td><td>403</td></tr><tr><td>1951</td><td>7,795</td><td>3,141</td><td>678</td><td>1,242</td><td>634</td><td>86</td><td>850</td><td>945</td></tr><tr><td>1952</td><td>8,807</td><td>3,932</td><td>890</td><td>1,643</td><td>786</td><td>87</td><td>912</td><td>997</td></tr><tr><td>1953</td><td>8,932</td><td>4,516</td><td>745</td><td>1,594</td><td>637</td><td>79</td><td>961</td><td>401</td></tr><tr><td>1954 (Estimated)</td><td>9,347</td><td>4,750</td><td>794</td><td>1,596</td><td>582</td><td>84</td><td>1,090</td><td>631</td></tr><tr><td>1950-July</td><td>738</td><td>184</td><td>49</td><td>55</td><td>53</td><td>3</td><td>363</td><td>32</td></tr><tr><td>August</td><td>759</td><td>439</td><td>86</td><td>328</td><td>41</td><td>3</td><td>34</td><td>28</td></tr><tr><td>September</td><td>427</td><td>289</td><td>24</td><td>19</td><td>40</td><td>1</td><td>36</td><td>29</td></tr><tr><td>October</td><td>401</td><td>222</td><td>13</td><td>18</td><td>40</td><td>4</td><td>34</td><td>41</td></tr><tr><td>November</td><td>975</td><td>518</td><td>85</td><td>263</td><td>36</td><td>2</td><td>34</td><td>17</td></tr><tr><td>December</td><td>747</td><td>469</td><td>59</td><td>112</td><td>37</td><td>2</td><td>39</td><td>43</td></tr><tr><td>1953-January</td><td>886</td><td>118</td><td>21</td><td>28</td><td>41</td><td>4</td><td>44</td><td>37</td></tr><tr><td>February</td><td>820</td><td>132</td><td>91</td><td>213</td><td>44</td><td>3</td><td>26</td><td>51</td></tr><tr><td>March</td><td>540</td><td>140</td><td>53</td><td>22</td><td>42</td><td>3</td><td>36</td><td>54</td></tr><tr><td>April</td><td>413</td><td>248</td><td>14</td><td>67</td><td>37</td><td>3</td><td>36</td><td>38</td></tr><tr><td>May</td><td>1,047</td><td>525</td><td>32</td><td>332</td><td>34</td><td>1</td><td>24</td><td>27</td></tr><tr><td>June</td><td>1,335</td><td>593</td><td>135</td><td>106</td><td>193</td><td>17</td><td>245</td><td>19</td></tr></table>
Source: See Table 1.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian tribal funds, island possessions, increment resulting from reduction in the weight of the gold dollar, and through June 1955
seigniorage on silver under the Silver Purchase Act of 1934. Thereafter such seigniorage is included with other seigniorage under budget receipts. 3/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
9
August 1953
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust Account Expenditures Other Than Net Investments
(In millions of dollars; negative figures are excess of credits)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funds</th><th>Other trust funds and accounts 3/ 3/</th><th>Deposit Fund accounts (net) 3/</th></tr><tr><td>1954</td><td>4,474</td><td>287</td><td>141</td><td>71</td><td>128</td><td>25</td><td>151</td><td>428</td><td>-1,669</td></tr><tr><td>1954</td><td>3,669</td><td>558</td><td>136</td><td>1,146</td><td>280</td><td>50</td><td>267</td><td>1,578</td><td>617</td></tr><tr><td>1954</td><td>3,857</td><td>559</td><td>173</td><td>859</td><td>302</td><td>70</td><td>323</td><td>1,073</td><td>372</td></tr><tr><td>1954</td><td>3,864</td><td>661</td><td>288</td><td>1,314</td><td>348</td><td>61</td><td>222</td><td>1,234</td><td>367</td></tr><tr><td>1950</td><td>6,990</td><td>784</td><td>304</td><td>2,026</td><td>2,988</td><td>114</td><td>268</td><td>370</td><td>414</td></tr><tr><td>1951</td><td>3,945</td><td>1,969</td><td>321</td><td>900</td><td>614</td><td>77</td><td>271</td><td>387</td><td>-194</td></tr><tr><td>1952</td><td>4,992</td><td>2,067</td><td>391</td><td>1,049</td><td>996</td><td>82</td><td>300</td><td>413</td><td>-136 2/</td></tr><tr><td>1953</td><td>5,169</td><td>2,750</td><td>465</td><td>1,010</td><td>588</td><td>82</td><td>363</td><td>441</td><td>-599</td></tr><tr><td>1954 (Estimated)</td><td>6,287</td><td>3,169</td><td>482</td><td>977</td><td>689</td><td>82</td><td>384</td><td>670</td><td>-106</td></tr><tr><td>1952 July</td><td>473</td><td>179</td><td>39</td><td>92</td><td>64</td><td>9</td><td>27</td><td>71</td><td>-8</td></tr><tr><td>August</td><td>556</td><td>159</td><td>38</td><td>116</td><td>48</td><td>6</td><td>26</td><td>24</td><td>129</td></tr><tr><td>September</td><td>-73</td><td>208</td><td>37</td><td>71</td><td>49</td><td>6</td><td>28</td><td>18</td><td>-490</td></tr><tr><td>October</td><td>587</td><td>221</td><td>38</td><td>99</td><td>49</td><td>6</td><td>31</td><td>23</td><td>166</td></tr><tr><td>November</td><td>367</td><td>280</td><td>38</td><td>49</td><td>41</td><td>5</td><td>30</td><td>14</td><td>-31</td></tr><tr><td>December</td><td>617</td><td>268</td><td>39</td><td>77</td><td>48</td><td>5</td><td>31</td><td>41</td><td>114</td></tr><tr><td>1953 January</td><td>296</td><td>330</td><td>39</td><td>100</td><td>43</td><td>6</td><td>30</td><td>41</td><td>-192</td></tr><tr><td>February</td><td>346</td><td>231</td><td>38</td><td>94</td><td>44</td><td>7</td><td>29</td><td>32</td><td>-136</td></tr><tr><td>March</td><td>758</td><td>247</td><td>39</td><td>110</td><td>53</td><td>8</td><td>32</td><td>56</td><td>214</td></tr><tr><td>April</td><td>488</td><td>256</td><td>40</td><td>92</td><td>50</td><td>8</td><td>33</td><td>40</td><td>-30</td></tr><tr><td>May</td><td>217</td><td>257</td><td>40</td><td>76</td><td>51</td><td>8</td><td>32</td><td>33</td><td>-280</td></tr><tr><td>June</td><td>337</td><td>264</td><td>41</td><td>78</td><td>50</td><td>9</td><td>34</td><td>43</td><td>13</td></tr></table>
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian tribal funds, expenditures chargeable against increment on gold, and beginning 1950, Mutual Defense Assistance Trust Fund.
3/ Excludes net investments in public debt securities beginning 1951 (see Table 4, footnotes 3 and 4).
b/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
5/ Includes transactions by the Air Force and the Army beginning 1952.
Table 4.- Net Investments of Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of redemptions)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="7">Trust accounts, etc.</th><th rowspan="2">Government corporations and agencies (d)</th></tr><tr><th>Total trust account, etc.</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employee's retirement funds 2/</th><th>Other trust funds and accounts 1/</th></tr><tr><td>1945</td><td>5,200</td><td>5,200</td><td>1,137</td><td>182</td><td>1,437</td><td>1,976</td><td>73</td><td>399</td><td>-2</td><td>-</td></tr><tr><td>1946</td><td>3,668</td><td>3,668</td><td>1,022</td><td>156</td><td>102</td><td>2,093</td><td>47</td><td>309</td><td>-2</td><td>-</td></tr><tr><td>1947</td><td>3,358</td><td>3,358</td><td>1,104</td><td>148</td><td>443</td><td>1,234</td><td>60</td><td>282</td><td>*</td><td>-</td></tr><tr><td>1948</td><td>3,060</td><td>3,060</td><td>1,154</td><td>269</td><td>445</td><td>451</td><td>32</td><td>363</td><td>-6</td><td>-</td></tr><tr><td>1949</td><td>2,311</td><td>2,311</td><td>1,294</td><td>346</td><td>-160</td><td>353</td><td>32</td><td>447</td><td>*</td><td>-</td></tr><tr><td>1950</td><td>402</td><td>402</td><td>1,414</td><td>338</td><td>-724</td><td>-1,946</td><td>-26</td><td>543</td><td>*</td><td>-</td></tr><tr><td>1951</td><td>3,557</td><td>3,369</td><td>1,678</td><td>357</td><td>690</td><td>94</td><td>8</td><td>573</td><td>3</td><td>187</td></tr><tr><td>1952</td><td>3,636</td><td>3,359</td><td>1,500</td><td>419</td><td>583</td><td>-285</td><td>1</td><td>684</td><td>-6</td><td>281</td></tr><tr><td>1953</td><td>3,301</td><td>3,003</td><td>1,245</td><td>280</td><td>590</td><td>99</td><td>-2</td><td>586</td><td>9</td><td>332</td></tr><tr><td>1954 (Estimated)</td><td>3,344</td><td>3,195</td><td>1,608</td><td>311</td><td>626</td><td>-48</td><td>3</td><td>694</td><td>2</td><td>149</td></tr><tr><td>1958-July</td><td>308</td><td>308</td><td>-</td><td>11</td><td>-35</td><td>1</td><td>-</td><td>330</td><td>1</td><td>*</td></tr><tr><td>August</td><td>397</td><td>351</td><td>101</td><td>51</td><td>214</td><td>-14</td><td>-6</td><td>15</td><td>-10</td><td>46</td></tr><tr><td>September</td><td>48</td><td>53</td><td>79</td><td>17</td><td>-40</td><td>-2</td><td>-</td><td>*</td><td>*</td><td>-9</td></tr><tr><td>October</td><td>21</td><td>37</td><td>70</td><td>-29</td><td>-8</td><td>-12</td><td>-3</td><td>1</td><td>15</td><td>-16</td></tr><tr><td>November</td><td>481</td><td>394</td><td>137</td><td>94</td><td>211</td><td>-</td><td>-6</td><td>3</td><td>6</td><td>87</td></tr><tr><td>December</td><td>349</td><td>357</td><td>305</td><td>20</td><td>34</td><td>-</td><td>-</td><td>4</td><td>-6</td><td>-8</td></tr><tr><td>1953-January</td><td>130</td><td>-112</td><td>12</td><td>-29</td><td>-39</td><td>-10</td><td>-3</td><td>7</td><td>-9</td><td>242</td></tr><tr><td>February</td><td>170</td><td>283</td><td>21</td><td>53</td><td>121</td><td>15</td><td>-3</td><td>4</td><td>*</td><td>-59</td></tr><tr><td>March</td><td>100</td><td>61</td><td>141</td><td>15</td><td>-89</td><td>-10</td><td>-3</td><td>1</td><td>16</td><td>38</td></tr><tr><td>April</td><td>112</td><td>144</td><td>180</td><td>-27</td><td>-13</td><td>-10</td><td>-4</td><td>2</td><td>*</td><td>-23</td></tr><tr><td>May</td><td>451</td><td>411</td><td>137</td><td>51</td><td>293</td><td>-20</td><td>-9</td><td>-1</td><td>*</td><td>42</td></tr><tr><td>June</td><td>735</td><td>940</td><td>356</td><td>99</td><td>23</td><td>180</td><td>36</td><td>213</td><td>-3</td><td>-104</td></tr></table>
1/ Consists of transactions which clear through accounts of the Treasurer of the United States.
2/ Consists of Civil Service and Foreign Service retirement funds.
3/ Consists of Adjusted Service Certificate Fund prior to 1951; beginning with that year, includes also investments of other accounts which for prior years are included in Table 3 under "Other trust funds and accounts" and "Deposit fund accounts (net)".
Consists of net investments of Government corporations which for prior years are included in Table 3 under "Deposit fund accounts (net)"; and net investments of wholly owned Government corporations and agencies, which for prior years are included in budget expenditures. Less than $500,000.
10
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Final year or month</th><th colspan="4">Receipt</th><th colspan="3">Expenditures other than investments</th><th colspan="4">Net increase, or decrease, in assets</th><th colspan="2">Assets, and of period</th></tr><tr><th>Total</th><th>Appropriate time by Congress</th><th>Interest and profit on investments</th><th>Transfers from General Fund</th><th>Deposits by States /</th><th>Total</th><th>Benefit payments</th><th>Reimburses and loans to General Fund /</th><th>Salaries and expenses</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1937-45</td><td>7,949.8</td><td>7,021.3</td><td>928.5</td><td>-</td><td>-</td><td>936.4</td><td>789.5</td><td>129.9</td><td>-</td><td>6,613.4</td><td>6,613.4</td><td>6,946.3</td><td>67.1</td></tr><tr><td>1946</td><td>1,306.0</td><td>1,238.2</td><td>147.8</td><td>-</td><td>-</td><td>371.9</td><td>280.5</td><td>31.4</td><td>1,028.0</td><td>1,028.0</td><td>7,641.4</td><td>7,948.7</td><td>92.1</td></tr><tr><td>1947</td><td>1,653.1</td><td>1,499.2</td><td>153.9</td><td>1.7</td><td>-</td><td>456.1</td><td>429.6</td><td>15.6</td><td>25.2</td><td>1,157.0</td><td>8,758.4</td><td>8,742.3</td><td>56.1</td></tr><tr><td>1948</td><td>1,907.4</td><td>1,616.2</td><td>190.6</td><td>3.3</td><td>-</td><td>559.1</td><td>511.7</td><td>13.0</td><td>34.4</td><td>1,248.3</td><td>10,046.7</td><td>9,936.8</td><td>109.9</td></tr><tr><td>1949</td><td>1,923.8</td><td>1,690.3</td><td>230.2</td><td>3.3</td><td>-</td><td>560.5</td><td>507.0</td><td>13.8</td><td>39.8</td><td>1,250.9</td><td>11,309.9</td><td>11,250.7</td><td>79.3</td></tr><tr><td>1950</td><td>2,166.8</td><td>2,106.8</td><td>256.0</td><td>3.7</td><td>9</td><td>1,068.5</td><td>727.3</td><td>13.7</td><td>43.1</td><td>1,582.7</td><td>12,892.6</td><td>12,644.8</td><td>247.8</td></tr><tr><td>1951</td><td>3,411.5</td><td>3,313.5</td><td>287.4</td><td>3.7</td><td>9</td><td>1,568.5</td><td>1,498.1</td><td>17.5</td><td>28.2</td><td>1,843.0</td><td>13,735.6</td><td>13,382.8</td><td>428.8</td></tr><tr><td>1952</td><td>3,911.5</td><td>3,568.6</td><td>331.5</td><td>3.7</td><td>29.7</td><td>2,007.1</td><td>1,982.4</td><td>23.7</td><td>61.0</td><td>1,966.2</td><td>15,690.0</td><td>15,873.1</td><td>387.0</td></tr><tr><td>1953</td><td>4,516.3</td><td>4,086.3</td><td>386.6</td><td>3.3</td><td>43.3</td><td>2,750.0</td><td>2,607.5</td><td>20.4</td><td>65.9</td><td>1,610.8</td><td>15,366.4</td><td>15,817.6</td><td>240.8</td></tr><tr><td>1954 (Est.)</td><td>4,779.8</td><td>4,298.0</td><td>431.8</td><td>50.0</td><td>3,169.0</td><td>3,079.1</td><td>28.4</td><td>65.9</td><td>1,610.8</td><td>19,999.4</td><td>19,705.0</td><td>290.4</td></tr><tr><td>1952-July</td><td>135.7</td><td>188.5</td><td>-</td><td>1.2</td><td>1.2</td><td>179.2</td><td>169.5</td><td>2.0</td><td>7.8</td><td>1.5</td><td>16,604.5</td><td>16,473.1</td><td>331.2</td></tr><tr><td>Aug.</td><td>438.5</td><td>438.5</td><td>10.9</td><td>3.3</td><td>3.3</td><td>469.8</td><td>456.8</td><td>2.0</td><td>4.8</td><td>269.4</td><td>16,374.3</td><td>16,374.3</td><td>181.1</td></tr><tr><td>Sept.</td><td>249.0</td><td>234.8</td><td>10.9</td><td>3.3</td><td>3.3</td><td>277.7</td><td>260.9</td><td>2.0</td><td>4.8</td><td>41.3</td><td>15,914.9</td><td>15,447.9</td><td>467.1</td></tr><tr><td>Oct.</td><td>221.8</td><td>204.3</td><td>14.8</td><td>2.7</td><td>2.7</td><td>280.9</td><td>233.9</td><td>2.0</td><td>5.0</td><td>1.0</td><td>16,915.9</td><td>16,918.2</td><td>397.7</td></tr><tr><td>Nov.</td><td>538.3</td><td>532.9</td><td>7.1</td><td>5.7</td><td>5.7</td><td>293.9</td><td>231.3</td><td>2.0</td><td>4.7</td><td>318.4</td><td>17,634.3</td><td>16,695.2</td><td>379.2</td></tr><tr><td>Dec.</td><td>469.3</td><td>308.9</td><td>163.5</td><td>5.9</td><td>5.9</td><td>261.9</td><td>219.7</td><td>35.0</td><td>7.3</td><td>207.4</td><td>17,441.7</td><td>16,960.4</td><td>481.3</td></tr><tr><td>1953-Jan.</td><td>118.1</td><td>117.4</td><td>-</td><td>7.7</td><td>7.7</td><td>230.1</td><td>223.2</td><td>1.9</td><td>5.0</td><td>111.9</td><td>17,339.8</td><td>16,978.4</td><td>357.4</td></tr><tr><td>Feb.</td><td>491.7</td><td>489.6</td><td>-</td><td>6.2</td><td>6.2</td><td>236.5</td><td>229.5</td><td>1.9</td><td>5.1</td><td>255.2</td><td>17,595.0</td><td>17,103.4</td><td>528.4</td></tr><tr><td>Mar.</td><td>439.9</td><td>426.9</td><td>10.9</td><td>4.3</td><td>4.3</td><td>247.3</td><td>243.1</td><td>2.0</td><td>2.3</td><td>126.6</td><td>17,777.6</td><td>17,114.4</td><td>633.8</td></tr><tr><td>Apr.</td><td>484.5</td><td>230.4</td><td>14.8</td><td>1.2</td><td>1.2</td><td>255.8</td><td>249.0</td><td>2.0</td><td>4.8</td><td>7.4</td><td>17,770.2</td><td>17,324.0</td><td>446.2</td></tr><tr><td>May</td><td>528.5</td><td>235.6</td><td>14.8</td><td>8.9</td><td>8.9</td><td>256.9</td><td>249.9</td><td>2.0</td><td>5.0</td><td>267.6</td><td>18,037.9</td><td>17,461.2</td><td>576.6</td></tr><tr><td>June</td><td>598.8</td><td>419.6</td><td>171.8</td><td>1.4</td><td>1.4</td><td>264.3</td><td>255.6</td><td>2.0</td><td>6.7</td><td>328.5</td><td>18,366.4</td><td>17,817.6</td><td>548.8</td></tr><tr><td>1957 to date</td><td>28,516.4</td><td>25,906.2</td><td>2,324.8</td><td>15.4</td><td>69.9</td><td>40,150.0</td><td>9,481.5</td><td>344.1</td><td>322.4</td><td>18,366.4</td><td>18,366.4</td><td>17,817.6</td><td>548.8</td></tr></table>
1/ Include transactions under the predecessor Old-Age Reserve Account. 
2/ For basis, see "Budget Receipts and Expenditures", Table 7. 
3/ Under Title II of the Social Security Act, Section 218 (e) as added by Section 106 of the Public Law 734, approved August 28, 1950. 
4/ Under Section 201 (f), Social Security Act Amendments of 1939, as amended. Amount for December 1952 includes $33 million estimated taxes subject to refund, on wages paid in calendar year 1951.
5/ Salaries and expenses of the Bureau of Old-Age and Survivors Insurance, paid directly from the Trust Fund under Labor-Federal Security Appropriation Act, 1947 (60 Stat. 679); and beginning 1949, also administrative expenses reimbursed to the Department of Health, Education, and Welfare.
6/ Beginning November 1951 the total includes "Other" receipts, in the nature of recoveries from expenditures incidental to the operation of the trust fund.
Table 6.- Railroad Retirement Account
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total $/1</th><th>Receipts: Appropriations by Congress /1</th><th>Interest on investments</th><th>Total</th><th>Expenditures other than investments: Benefit payments</th><th>Administrative expenses $/1</th><th>Net increase, or decrease (-) in assets</th><th>Total</th><th>Assets, and of period: Investment</th><th>Unexpended balance</th></tr><tr><td>1936-45</td><td>1,660.2</td><td>1,425.7</td><td>42.4</td><td>958.5</td><td>582.5</td><td>-</td><td>515.6</td><td>515.6</td><td>500.5</td><td>15.1</td></tr><tr><td>1946</td><td>312.0</td><td>292.1</td><td>19.9</td><td>158.0</td><td>128.0</td><td>-</td><td>160.1</td><td>673.7</td><td>697.0</td><td>18.7</td></tr><tr><td>1947</td><td>322.4</td><td>298.2</td><td>24.2</td><td>173.3</td><td>173.3</td><td>-</td><td>149.1</td><td>824.9</td><td>825.5</td><td>19.4</td></tr><tr><td>1948</td><td>797.4</td><td>758.5</td><td>38.9</td><td>222.3</td><td>222.3</td><td>-</td><td>575.1</td><td>1,399.1</td><td>1,720.5</td><td>25.4</td></tr><tr><td>1949</td><td>677.4</td><td>686.5</td><td>50.9</td><td>278.2</td><td>278.2</td><td>-</td><td>399.2</td><td>1,799.1</td><td>1,720.0</td><td>79.1</td></tr><tr><td>1950</td><td>749.2</td><td>687.0</td><td>62.2</td><td>304.1</td><td>299.9</td><td>4.2</td><td>114.8</td><td>2,824.0</td><td>2,957.6</td><td>186.4</td></tr><tr><td>1951</td><td>952.0</td><td>900.9</td><td>70.2</td><td>322.0</td><td>316.0</td><td>4.9</td><td>240.0</td><td>2,143.9</td><td>2,143.5</td><td>69.4</td></tr><tr><td>1952</td><td>829.7</td><td>750.8</td><td>78.9</td><td>350.7</td><td>358.6</td><td>6.1</td><td>133.0</td><td>2,928.9</td><td>2,863.1</td><td>95.8</td></tr><tr><td>1953</td><td>744.0</td><td>694.7</td><td>89.3</td><td>465.1</td><td>458.9</td><td>6.1</td><td>278.9</td><td>3,201.9</td><td>3,142.8</td><td>59.1</td></tr><tr><td>1954 (Est.)</td><td>793.8</td><td>694.9</td><td>98.9</td><td>482.4</td><td>476.0</td><td>6.4</td><td>331.4</td><td>3,542.0</td><td>3,477.7</td><td>64.3</td></tr><tr><td>1958-July</td><td>49.4</td><td>49.3</td><td>1.1</td><td>38.7</td><td>38.1</td><td>0.6</td><td>10.7</td><td>2,913.7</td><td>2,878.0</td><td>59.7</td></tr><tr><td>Aug.</td><td>86.2</td><td>86.1</td><td>0.2</td><td>37.7</td><td>37.8</td><td>0.5</td><td>48.6</td><td>2,952.2</td><td>2,928.9</td><td>27.3</td></tr><tr><td>Sep.</td><td>94.2</td><td>93.9</td><td>0.3</td><td>37.4</td><td>36.9</td><td>0.5</td><td>16.8</td><td>2,999.0</td><td>2,941.8</td><td>57.2</td></tr><tr><td>Oct.</td><td>12.7</td><td>12.4</td><td>0.4</td><td>37.6</td><td>37.1</td><td>0.4</td><td>24.6</td><td>2,925.6</td><td>2,915.6</td><td>9.9</td></tr><tr><td>Nov.</td><td>84.5</td><td>84.0</td><td>0.5</td><td>38.0</td><td>37.6</td><td>0.4</td><td>46.5</td><td>3,020.7</td><td>2,960.2</td><td>60.5</td></tr><tr><td>Dec.</td><td>58.8</td><td>58.2</td><td>0.6</td><td>39.2</td><td>38.2</td><td>1.0</td><td>19.6</td><td>3,040.3</td><td>2,980.4</td><td>59.9</td></tr><tr><td>1953-Jan.</td><td>13.6</td><td>12.9</td><td>0.7</td><td>38.6</td><td>37.9</td><td>0.7</td><td>29.0</td><td>3,012.3</td><td>2,952.8</td><td>59.5</td></tr><tr><td>Feb.</td><td>91.4</td><td>90.6</td><td>0.8</td><td>38.0</td><td>37.6</td><td>0.3</td><td>53.4</td><td>3,065.7</td><td>3,030.1</td><td>62.8</td></tr><tr><td>Mar.</td><td>58.7</td><td>51.9</td><td>6.9</td><td>38.7</td><td>38.2</td><td>0.4</td><td>14.0</td><td>3,088.7</td><td>3,083.0</td><td>59.7</td></tr><tr><td>Apr.</td><td>13.5</td><td>12.5</td><td>1.0</td><td>40.1</td><td>39.5</td><td>0.6</td><td>26.6</td><td>3,056.1</td><td>2,996.4</td><td>59.7</td></tr><tr><td>May</td><td>91.7</td><td>90.2</td><td>1.5</td><td>40.4</td><td>39.9</td><td>0.5</td><td>51.4</td><td>3,107.5</td><td>3,047.6</td><td>59.9</td></tr><tr><td>June</td><td>135.2</td><td>58.7</td><td>82.5</td><td>40.8</td><td>40.2</td><td>0.6</td><td>94.4</td><td>3,201.9</td><td>3,142.8</td><td>59.1</td></tr><tr><td>1936 to date....</td><td>6,661.2</td><td>5,904.4</td><td>476.9</td><td>3,259.4</td><td>3,237.8</td><td>21.6</td><td>3,201.9</td><td>3,201.9</td><td>3,142.8</td><td>59.1</td></tr></table>
1/ Totals may differ from those in Table 2. Prior to fiscal year 1952, appropriations were included in Table 6 when made but were included in Table 2 when amounts were transferred from the General Fund. Effective July 1951, pursuant to Public Law 134, approved August 31, 1951, the appropriation is equal to the amount of taxes deposited in the Treasury
(lose refunds) under the Railroad Retirement Act, and transfers are made currently, subject to later minor adjustments.
2/ Paid from the trust fund under Title IV, act of June 29, 1949 (63 Stat. 297).
3/ Appropriation in November 1951 reduced $19.8 million by surplus warrant pursuant to Section 121b of Public Law 759, approved September 6, 1950.
August 1953
11
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7.- Unemployment Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="4">Expenditures other than investments</th><th colspan="4">Assets, end of period</th></tr><tr><th>Total</th><th>State accounts</th><th>Deposits by States</th><th>Contribution to State Fund 3/</th><th>Interest on investments</th><th>Total</th><th>State accounts</th><th>Transfers to Rail road lines</th><th>Railroad unemployment insurance Account 1/</th><th>Net increase or decrease in assets</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1936-45</td><td>9,688.6</td><td>8,940.3</td><td>502.5</td><td>106.3</td><td>38.0</td><td>901.5</td><td>2,373.4</td><td>2,222.5</td><td>106.3</td><td>44.6</td><td>7,315.3</td><td>7,315.3</td><td>7,307.2</td><td>8.1</td></tr><tr><td>1946</td><td>1,279.8</td><td>1,099.0</td><td>116.2</td><td>-</td><td>13.1</td><td>143.6</td><td>1,145.9</td><td>1,128.3</td><td>-</td><td>17.2</td><td>133.9</td><td>7,495.1</td><td>7,495.1</td><td>7,409.0</td><td>86.1</td></tr><tr><td>1947</td><td>1,599.4</td><td>1,005.3</td><td>127.6</td><td>-</td><td>9.0</td><td>146.9</td><td>669.5</td><td>817.4</td><td>-</td><td>51.7</td><td>419.9</td><td>7,969.0</td><td>7,858.0</td><td>-</td><td>17.0</td></tr><tr><td>1948</td><td>1,312.9</td><td>1,007.3</td><td>130.6</td><td>-</td><td>9.7</td><td>159.3</td><td>858.9</td><td>798.1</td><td>-</td><td>60.8</td><td>454.0</td><td>8,323.0</td><td>8,258.0</td><td>-</td><td>24.6</td></tr><tr><td>1949</td><td>1,173.2</td><td>920.0</td><td>1.2</td><td>-</td><td>5.4</td><td>180.1</td><td>1,313.8</td><td>1,227.1</td><td>-</td><td>86.7</td><td>411.6</td><td>8,138.3</td><td>8,138.3</td><td>-</td><td>44.4</td></tr><tr><td>1950</td><td>1,201.6</td><td>1,098.8</td><td>9.7</td><td>-</td><td>5.4</td><td>167.1</td><td>8,055.5</td><td>1,879.0</td><td>-</td><td>145.5</td><td>744.5</td><td>7,437.9</td><td>7,414.3</td><td>-</td><td>23.6</td></tr><tr><td>1951</td><td>1,341.6</td><td>1,356.6</td><td>14.9</td><td>-</td><td>-</td><td>164.1</td><td>900.3</td><td>988.3</td><td>-</td><td>25.0</td><td>641.3</td><td>8,079.2</td><td>8,064.2</td><td>-</td><td>15.0</td></tr><tr><td>1952</td><td>1,043.3</td><td>1,439.0</td><td>15.4</td><td>-</td><td>4.4</td><td>184.5</td><td>1,048.6</td><td>1,000.3</td><td>-</td><td>48.3</td><td>584.0</td><td>8,673.9</td><td>8,641.1</td><td>-</td><td>26.9</td></tr><tr><td>1953</td><td>1,359.8</td><td>1,373.1</td><td>35.0</td><td>-</td><td>4.9</td><td>328.8</td><td>1,092.0</td><td>932.6</td><td>-</td><td>97.3</td><td>584.0</td><td>9,257.9</td><td>9,237.0</td><td>-</td><td>20.9</td></tr><tr><td>1954 (Est.)</td><td>1,395.7</td><td>1,366.0</td><td>16.0</td><td>-</td><td>5.1</td><td>208.6</td><td>976.8</td><td>900.0</td><td>-</td><td>76.8</td><td>618.9</td><td>9,920.0</td><td>9,890.1</td><td>-</td><td>20.9</td></tr><tr><td>1952-July</td><td>55.2</td><td>50.3</td><td>-</td><td>4.9</td><td>-</td><td>-</td><td>98.0</td><td>98.8</td><td>-</td><td>7.2</td><td>-36.8</td><td>8,637.2</td><td>8,512.1</td><td>-</td><td>25.1</td></tr><tr><td>Aug.</td><td>328.2</td><td>328.0</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>115.9</td><td>103.9</td><td>-</td><td>12.0</td><td>212.2</td><td>8,849.4</td><td>8,362.1</td><td>-</td><td>23.3</td></tr><tr><td>Sept.</td><td>19.0</td><td>15.1</td><td>3.6</td><td>-</td><td>-</td><td>-3.3</td><td>71.5</td><td>63.5</td><td>-</td><td>8.0</td><td>-58.1</td><td>8,797.0</td><td>8,195.6</td><td>-</td><td>10.9</td></tr><tr><td>Oct.</td><td>47.8</td><td>39.4</td><td>-</td><td>8.4</td><td>-</td><td>8.4</td><td>32.6</td><td>46.0</td><td>-</td><td>7.6</td><td>-91.5</td><td>8,701.4</td><td>8,130.1</td><td>-</td><td>32.1</td></tr><tr><td>Nov.</td><td>262.9</td><td>262.8</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>42.4</td><td>42.8</td><td>-</td><td>6.6</td><td>213.5</td><td>9,004.8</td><td>8,959.1</td><td>-</td><td>15.7</td></tr><tr><td>Dec.</td><td>111.6</td><td>17.6</td><td>3.6</td><td>-</td><td>90.4</td><td>-</td><td>77.2</td><td>69.0</td><td>-</td><td>8.2</td><td>34.4</td><td>9,039.2</td><td>9,023.3</td><td>-</td><td>16.1</td></tr><tr><td>1953-Jan.</td><td>28.1</td><td>28.0</td><td>-</td><td>-</td><td>1.1</td><td>-</td><td>99.7</td><td>99.1</td><td>-</td><td>10.6</td><td>-71.6</td><td>8,957.6</td><td>8,913.8</td><td>-</td><td>29.5</td></tr><tr><td>Feb.</td><td>213.3</td><td>212.9</td><td>1.3</td><td>-</td><td>0.5</td><td>-</td><td>94.9</td><td>85.6</td><td>-</td><td>9.8</td><td>218.8</td><td>9,084.3</td><td>8,993.4</td><td>-</td><td>27.4</td></tr><tr><td>Mar.</td><td>61.9</td><td>37.9</td><td>3.5</td><td>-</td><td>-</td><td>-</td><td>110.2</td><td>100.5</td><td>-</td><td>9.7</td><td>-58.4</td><td>8,998.0</td><td>8,974.1</td><td>-</td><td>24.0</td></tr><tr><td>Apr.</td><td>67.3</td><td>56.8</td><td>-</td><td>-</td><td>10.5</td><td>-</td><td>92.0</td><td>88.2</td><td>-</td><td>7.8</td><td>-28.7</td><td>8,973.3</td><td>8,961.1</td><td>-</td><td>12.2</td></tr><tr><td>May</td><td>132.5</td><td>131.6</td><td>1.5</td><td>-</td><td>9.4</td><td>-</td><td>72.7</td><td>69.9</td><td>-</td><td>5.0</td><td>256.8</td><td>9,230.1</td><td>9,214.1</td><td>-</td><td>16.1</td></tr><tr><td>June</td><td>106.0</td><td>10.6</td><td>3.1</td><td>-</td><td>92.2</td><td>-</td><td>78.6</td><td>73.2</td><td>-</td><td>2.0</td><td>27.8</td><td>9,257.9</td><td>9,237.0</td><td>-</td><td>20.9</td></tr><tr><td>1956 to date...</td><td>20,803.7</td><td>17,818.4</td><td>932.1</td><td>107.2</td><td>90.2</td><td>1,956.8</td><td>11,545.8</td><td>10,831.2</td><td>107.2</td><td>605.1 2/</td><td>9,257.9</td><td>9,257.9</td><td>9,237.0</td><td>-</td><td>20.9</td></tr></table>
Source: See Table 1.
1/ Excludes interim advance of $15 million from the Treasury and subsequent repayment, both taking place in the fiscal year 1940.
2/ Represents contributions under the Railroad Unemployment Insurance Act of 1933 as amended (45 U.S.C. 360 (a)), in excess of the amount specified for administrative expenses. ("See 'Budget Receipts and Expenditures', Table 2).
3/ Represents amounts transferred from States to Railroad Unemployment Insurance Account equivalent to amounts of taxes collected with respect to
period from January 1936 to June 1939, inclusive, from employers who come within the purview of the Railroad Unemployment Insurance Act, Represents excess funds under act of Oct. 10, 1940 (34 Stat. 1099). 5/ Includes transfers to the Railroad Unemployment Administration Fund as follows: $9.7 million in 1949 and $2.6 million in 1950, representing adjustment for over-collections due to retroactive change in tax rate (45 U.S.C. 358 (e)). Less than $50,000.
Table 8.- National Service Life Insurance Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="3">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, and or period</th></tr><tr><th>Total</th><th>Premiums and other receipts</th><th>Transfers from General Fund</th><th>Interest on investments</th><th>Total</th><th>Benefits and refunds</th><th>Special dividends</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1941-45....</td><td>3,398.0</td><td>2,064.4</td><td>1,249.3</td><td>84.4</td><td>165.4</td><td>165.4</td><td>-</td><td>3,231.6</td><td>3,231.6</td><td>3,187.1</td><td>44.4</td></tr><tr><td>1946-47....</td><td>2,351.0</td><td>844.7</td><td>1,314.4</td><td>124.9</td><td>279.8</td><td>279.8</td><td>-</td><td>2,071.2</td><td>5,308.8</td><td>5,239.7</td><td>69.1</td></tr><tr><td>1947-....</td><td>1,304.1</td><td>516.6</td><td>816.7</td><td>170.9</td><td>273.3</td><td>279.3</td><td>-</td><td>1,224.8</td><td>6,527.6</td><td>6,473.7</td><td>53.9</td></tr><tr><td>1948-....</td><td>139.7</td><td>387.5</td><td>132.0</td><td>129.2</td><td>301.9</td><td>310.9</td><td>-</td><td>831.7</td><td>6,553.2</td><td>6,534.6</td><td>30.6</td></tr><tr><td>1949-....</td><td>590.1</td><td>396.3</td><td>193.0</td><td>210.3</td><td>348.2</td><td>348.1</td><td>-</td><td>341.9</td><td>7,307.2</td><td>7,287.7</td><td>19.6</td></tr><tr><td>1950-....</td><td>1,076.4</td><td>398.7</td><td>478.8</td><td>205.0</td><td>2,987.9</td><td>394.9</td><td>2,633.0</td><td>-1,913.5</td><td>5,395.7</td><td>2,342.1</td><td>53.6</td></tr><tr><td>1951-....</td><td>633.7</td><td>180.1</td><td>43.4</td><td>160.3</td><td>611.6</td><td>391.4</td><td>222.2</td><td>70.1</td><td>5,465.8</td><td>5,433.6</td><td>30.6</td></tr><tr><td>1952-....</td><td>186.0</td><td>426.5</td><td>203.5</td><td>156.2</td><td>996.3</td><td>495.9</td><td>940.8</td><td>-210.2</td><td>5,256.5</td><td>2,190.6</td><td>64.9</td></tr><tr><td>1953-....</td><td>636.6</td><td>397.7</td><td>84.0</td><td>194.9</td><td>587.7</td><td>433.9</td><td>153.8</td><td>48.9</td><td>5,304.5</td><td>5,249.5</td><td>55.0</td></tr><tr><td>1954 (Est.)</td><td>581.6</td><td>381.0</td><td>45.6</td><td>155.0</td><td>689.1</td><td>669.1</td><td>-</td><td>-47.6</td><td>5,134.2</td><td>5,110.6</td><td>23.5</td></tr><tr><td>1958-July..</td><td>53.2</td><td>43.3</td><td>9.9</td><td>*</td><td>63.9</td><td>45.9</td><td>18.0</td><td>-10.7</td><td>5,244.9</td><td>5,193.7</td><td>53.1</td></tr><tr><td>Aug.</td><td>40.8</td><td>32.7</td><td>8.0</td><td>1</td><td>47.7</td><td>36.7</td><td>11.0</td><td>-6.9</td><td>5,271.9</td><td>5,178.2</td><td>59.7</td></tr><tr><td>Sept.</td><td>39.8</td><td>29.5</td><td>10.3</td><td>-1</td><td>46.6</td><td>36.0</td><td>12.5</td><td>-8.7</td><td>5,282.8</td><td>5,176.6</td><td>58.6</td></tr><tr><td>Oct.</td><td>39.8</td><td>31.0</td><td>8.7</td><td>1</td><td>49.0</td><td>36.3</td><td>12.7</td><td>-9.2</td><td>5,280.0</td><td>5,164.5</td><td>55.5</td></tr><tr><td>Nov.</td><td>35.7</td><td>27.3</td><td>8.4</td><td>-</td><td>40.8</td><td>38.3</td><td>8.5</td><td>-5.2</td><td>5,214.8</td><td>5,164.5</td><td>50.4</td></tr><tr><td>Dec.</td><td>37.3</td><td>29.1</td><td>8.2</td><td>-</td><td>48.0</td><td>36.6</td><td>11.5</td><td>-10.7</td><td>5,204.2</td><td>5,164.5</td><td>39.6</td></tr><tr><td>1953-Jan....</td><td>40.7</td><td>34.5</td><td>6.0</td><td>-2</td><td>42.5</td><td>33.8</td><td>8.7</td><td>-1.9</td><td>5,200.2</td><td>5,154.5</td><td>47.8</td></tr><tr><td>Feb.</td><td>43.8</td><td>33.4</td><td>10.4</td><td>2</td><td>44.4</td><td>33.9</td><td>10.5</td><td>-1.6</td><td>5,201.7</td><td>5,159.5</td><td>38.2</td></tr><tr><td>Mar.</td><td>41.7</td><td>35.9</td><td>5.5</td><td>2</td><td>52.8</td><td>35.7</td><td>17.1</td><td>-11.0</td><td>5,190.7</td><td>5,129.5</td><td>31.2</td></tr><tr><td>Apr.</td><td>37.0</td><td>36.5</td><td>3</td><td>-2</td><td>49.9</td><td>35.8</td><td>14.1</td><td>-12.9</td><td>5,177.8</td><td>5,119.5</td><td>28.3</td></tr><tr><td>May.</td><td>34.0</td><td>33.6</td><td>1.8</td><td>-5</td><td>50.5</td><td>36.5</td><td>14.0</td><td>-16.6</td><td>5,161.2</td><td>5,129.5</td><td>31.8</td></tr><tr><td>June.</td><td>198.8</td><td>33.0</td><td>6.2</td><td>153.6</td><td>49.6</td><td>34.5</td><td>15.1</td><td>143.2</td><td>5,304.2</td><td>5,249.5</td><td>22.0</td></tr><tr><td>1941 to date....</td><td>11,865.6</td><td>5,908.8</td><td>4,490.9</td><td>1,469.9</td><td>6,561.1</td><td>3,011.3</td><td>3,549.8</td><td>5,304.5</td><td>5,304.5</td><td>5,249.5</td><td>55.0</td></tr></table>
Source: See Table 1. * Less than $50,000.
12
Treasury Bulletin
TREASURY CASH INCOME AND OUTGO
Table 1.- Summary of Cash Transactions
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Cash operating income</th><th colspan="4">Cash operations other than borrowing</th><th rowspan="2">Net cash operating income, or outgo (-)</th><th rowspan="2">Net cash borrowings, or repayment of borrowing (-)</th><th rowspan="2">Increase, or decrease (-) in General Fund balance</th><th rowspan="2">Memorandum: Net receipts from exercises of monetary authority $/</th></tr><tr><th>Cash budget receipts</th><th>Cash trust account receipts</th><th>Total</th><th>Cash budget expenditures</th><th>Cash trust account expenditures</th><th>Exchange Stabilization Fund 1/</th><th>Clearing account for outstanding checks, etc.</th><th>Total</th></tr><tr><td>1949</td><td>4,519</td><td>4,721</td><td>90,240</td><td>95,952</td><td>-763</td><td>-14</td><td>-44,045</td><td>40,474</td><td>4,529</td><td>78</td></tr><tr><td>1946</td><td>38,902</td><td>4,937</td><td>43,839</td><td>57,422</td><td>4,316</td><td>1,066</td><td>-555</td><td>61,738</td><td>-17,899</td><td>-10,460</td><td>302</td></tr><tr><td>1947</td><td>39,884</td><td>3,707</td><td>43,591</td><td>33,190</td><td>3,270</td><td>1,066</td><td>-255</td><td>36,931</td><td>6,659</td><td>-10,930</td><td>60</td></tr><tr><td>1948</td><td>41,504</td><td>3,599</td><td>45,103</td><td>38,402</td><td>2,944</td><td>953</td><td>307</td><td>36,946</td><td>8,180</td><td>-7,903</td><td>37</td></tr><tr><td>1949</td><td>38,145</td><td>3,483</td><td>41,628</td><td>37,517</td><td>3,328</td><td>98</td><td>-366</td><td>40,576</td><td>1,051</td><td>-1,462</td><td>46</td></tr><tr><td>1950</td><td>36,925</td><td>4,046</td><td>40,971</td><td>36,977</td><td>6,668</td><td>-207</td><td>-483</td><td>43,125</td><td>-2,185</td><td>2,047</td><td>25</td></tr><tr><td>1951</td><td>47,887</td><td>5,552</td><td>53,439</td><td>41,795</td><td>3,007</td><td>-13</td><td>214</td><td>45,804</td><td>7,635</td><td>1,819</td><td>15</td></tr><tr><td>1952</td><td>51,604</td><td>6,110</td><td>58,729</td><td>68,239</td><td>4,947</td><td>0</td><td>402</td><td>67,996</td><td>341</td><td>-389</td><td>58</td></tr><tr><td>1953</td><td>65,008</td><td>6,336</td><td>71,344</td><td>71,139</td><td>5,138</td><td>-28</td><td>312</td><td>76,561</td><td>-5,211</td><td>-2,299</td><td>56</td></tr><tr><td>1954 (Est.)</td><td>68,460</td><td>6,769</td><td>75,228</td><td>75,509</td><td>6,892</td><td>5</td><td>5</td><td>81,801</td><td>-6,573</td><td>6,573</td><td>73</td></tr><tr><td>1958-July</td><td>3,892</td><td>300</td><td>3,993</td><td>6,811</td><td>468</td><td>-14</td><td>-438</td><td>6,833</td><td>-2,640</td><td>3,597</td><td>5</td></tr><tr><td>August</td><td>4,047</td><td>831</td><td>4,878</td><td>4,848</td><td>594</td><td>25</td><td>195</td><td>5,682</td><td>-744</td><td>-829</td><td>5</td></tr><tr><td>September</td><td>6,583</td><td>316</td><td>6,958</td><td>5,911</td><td>-74</td><td>95</td><td>229</td><td>6,066</td><td>832</td><td>-688</td><td>5</td></tr><tr><td>October</td><td>3,096</td><td>328</td><td>3,418</td><td>6,282</td><td>589</td><td>5</td><td>-316</td><td>6,514</td><td>-3,097</td><td>2,116</td><td>5</td></tr><tr><td>November</td><td>8,149</td><td>888</td><td>9,037</td><td>6,950</td><td>164</td><td>5</td><td>243</td><td>7,158</td><td>2,951</td><td>2,252</td><td>3</td></tr><tr><td>December</td><td>5,932</td><td>388</td><td>6,320</td><td>6,680</td><td>594</td><td>5</td><td>145</td><td>7,354</td><td>-1,044</td><td>-572</td><td>2</td></tr><tr><td>1953-January</td><td>5,018</td><td>221</td><td>5,839</td><td>5,555</td><td>287</td><td>12</td><td>-401</td><td>5,442</td><td>-803</td><td>-173</td><td>4</td></tr><tr><td>February</td><td>5,475</td><td>727</td><td>6,207</td><td>5,467</td><td>344</td><td>-12</td><td>2</td><td>5,754</td><td>213</td><td>3,151</td><td>2</td></tr><tr><td>March</td><td>10,499</td><td>943</td><td>11,442</td><td>8,069</td><td>757</td><td>19</td><td>135</td><td>8,970</td><td>4,072</td><td>-3,180</td><td>3</td></tr><tr><td>April</td><td>8,846</td><td>368</td><td>3,214</td><td>6,281</td><td>494</td><td>5</td><td>-285</td><td>6,443</td><td>-3,223</td><td>-97</td><td>3</td></tr><tr><td>May</td><td>4,375</td><td>918</td><td>5,294</td><td>6,063</td><td>815</td><td>-44</td><td>428</td><td>6,668</td><td>-1,168</td><td>1,428</td><td>6</td></tr><tr><td>June</td><td>9,596</td><td>490</td><td>10,086</td><td>7,011</td><td>548</td><td>5</td><td>373</td><td>7,938</td><td>2,253</td><td>-1,222</td><td>5</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,032</td><td></td></tr></table>
Source: Actual figures based on Daily Treasury Statement; estimates based on 1956 Budget document, released January 9, 1953. For revised estimates of total budget receipts and expenditures in 1956 as presented in the President's tax message to Congress on May 20, 1953, see page 1. 2/ The U. S. subscription to the capital of the International Monetary Fund was paid in part from the Exchange Stabilization Fund (see "Treasury Bulletin" for September 1947, page 17). 2/ Consists of seigniorage on silver and increment resulting from reduction in weight of the gold dollar. This item is part of the
3/ In addition to this decrease in the General Fund balance, the Exchange Stabilization Fund was drawn down by $1,800 million for subscription to the capital of the International Monetary Fund. 4/ In the President's tax message to Congress on May 20, 1953, the cash deficit for 1954 (cash operating outgo less net receipts from the exercise of monetary authority) was estimated at $3.3 billion on the basis of existing tax laws (see page 1). r Revised.
Table 2.- Derivation of Cash Budget Receipts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Net budget receipts</th><th rowspan="2">Plan: Noncash items deducted from budget receipts - excess profit tax refund bonds</th><th rowspan="2">Total</th><th colspan="3">Lease: Noncash budget receipts</th><th rowspan="2">Reimbursement for administrative expenses</th><th rowspan="2">Exhibit: Cash budget receipts</th></tr><tr><th colspan="2">Interest</th><th>Repayment of capital stock and paid-in surplus</th></tr><tr><th></th><th></th><th></th><th></th><th>S. F. C.</th><th>Other</th><th></th><th></th><th></th></tr><tr><td>1945</td><td>44,762</td><td>59</td><td>136</td><td>83</td><td>86</td><td>-</td><td>27</td><td>45,219</td></tr><tr><td>1946</td><td>40,027</td><td>-970</td><td>155</td><td>90</td><td>27</td><td>-</td><td>37</td><td>38,202</td></tr><tr><td>1947</td><td>40,043</td><td>-39</td><td>120</td><td>91</td><td>13</td><td>-</td><td>16</td><td>39,884</td></tr><tr><td>1948</td><td>42,212</td><td>-10</td><td>136</td><td>89</td><td>23</td><td>270</td><td>14</td><td>41,604</td></tr><tr><td>1949</td><td>38,246</td><td>-4</td><td>96</td><td>1</td><td>34</td><td>38</td><td>24</td><td>38,245</td></tr><tr><td>1950</td><td>37,049</td><td>-1</td><td>119</td><td>17</td><td>97</td><td>27</td><td>17</td><td>35,929</td></tr><tr><td>1951</td><td>68,123</td><td>-1</td><td>259</td><td>20</td><td>149</td><td>65</td><td>21</td><td>67,887</td></tr><tr><td>1952</td><td>68,123</td><td>-1</td><td>137</td><td>5</td><td>95</td><td>10</td><td>36</td><td>61,921</td></tr><tr><td>1953</td><td>65,218</td><td>*</td><td>210</td><td>4</td><td>140</td><td>-</td><td>66</td><td>65,008</td></tr><tr><td>1954 (Est.)</td><td>68,665</td><td>*</td><td>209</td><td>4</td><td>168</td><td>-</td><td>33</td><td>68,460</td></tr><tr><td>1958-July</td><td>3,316</td><td>*</td><td>24</td><td>2</td><td>19</td><td>-</td><td>3</td><td>3,292</td></tr><tr><td>August</td><td>6,020</td><td>*</td><td>2</td><td>*</td><td>*</td><td>-</td><td>2</td><td>5,047</td></tr><tr><td>September</td><td>6,525</td><td>*</td><td>3</td><td>*</td><td>*</td><td>-</td><td>2</td><td>6,523</td></tr><tr><td>October</td><td>3,059</td><td>*</td><td>4</td><td>*</td><td>1</td><td>-</td><td>2</td><td>3,056</td></tr><tr><td>November</td><td>4,151</td><td>*</td><td>3</td><td>*</td><td>*</td><td>-</td><td>2</td><td>4,149</td></tr><tr><td>December</td><td>6,003</td><td>*</td><td>71</td><td>*</td><td>36</td><td>-</td><td>35</td><td>5,932</td></tr><tr><td>1955-January</td><td>5,061</td><td>*</td><td>63</td><td>2</td><td>34</td><td>-</td><td>8</td><td>5,018</td></tr><tr><td>February</td><td>5,479</td><td>*</td><td>3</td><td>*</td><td>1</td><td>-</td><td>2</td><td>5,478</td></tr><tr><td>March</td><td>10,302</td><td>*</td><td>2</td><td>*</td><td>*</td><td>-</td><td>2</td><td>10,299</td></tr><tr><td>April</td><td>2,840</td><td>*</td><td>3</td><td>*</td><td>1</td><td>-</td><td>2</td><td>2,836</td></tr><tr><td>May</td><td>8,130</td><td>*</td><td>1</td><td>*</td><td>2</td><td>-</td><td>2</td><td>8,137</td></tr><tr><td>June</td><td>9,744</td><td>*</td><td>49</td><td>*</td><td>46</td><td>-</td><td>3</td><td>9,696</td></tr></table>
Source: See Table 1.
1/ For further detail, see "Budget Receipts and Expenditures", Table 1.
2/ Deduction from budget receipts of the tax refunds represented by these bonds is treated as a noncash deduction at the time of issuance of the bonds and as a cash deduction at the time of redemption of the bonds (see Table 5); net issuance, or redemption (-).
3/ By Government corporations not wholly owned.
By Federal Old-Age and Survivors Insurance Trust Fund through October 1948. Thereafter includes also transfers from Railroad Unemployment Insurance Account to Railroad Unemployment Administration Fund (see "Trust Account and Other Transactions", Table 7), and reimbursement by the District of Columbia.
Less than $500,000.
August 1953
13
TREASURY CASH INCOME AND OUTCOME
Table 3.- Derivation of Cash Budget Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total budget expenditure ($)</th><th colspan="4">Interest payments by Treasury</th><th rowspan="2">Transfer to trust accounts</th><th rowspan="2">Payroll deductions for Government employee retirement</th><th colspan="3">Budget expenditures involving issuance of Federal securities</th><th colspan="2">Payments to Treasury by Government agencies</th><th rowspan="2">Equal: Cash budget expenditures</th></tr><tr><th>Total</th><th>On earnings bonds and Treasury bills 2/</th><th>To Government corporate and national bonds 1/</th><th>To trust funds and accounts</th><th>Armed forces leave bonds</th><th>Adjusted service bonds</th><th>Notes issued to International Bank and Fund</th><th>Interest</th><th>Investments in Federal securities</th></tr><tr><td>1945</td><td>98,703</td><td>2,750</td><td>342</td><td>4</td><td>429</td><td>1,699</td><td>290</td><td>-</td><td>-108</td><td>-</td><td>108</td><td>25</td><td>95,992</td></tr><tr><td>1946</td><td>60,709</td><td>3,281</td><td>435</td><td>22</td><td>567</td><td>1,987</td><td>281</td><td>-</td><td>-96</td><td>-</td><td>118</td><td>15</td><td>57,442</td></tr><tr><td>1947</td><td>39,899</td><td>6,099</td><td>467</td><td>25</td><td>646</td><td>1,361</td><td>259</td><td>-1,846</td><td>-8</td><td>1,365</td><td>105</td><td>31</td><td>33,190</td></tr><tr><td>1948</td><td>33,946</td><td>1,309</td><td>259</td><td>24</td><td>749</td><td>1,176</td><td>816</td><td>-1,261</td><td>-4</td><td>-130</td><td>114</td><td>30</td><td>32,438</td></tr><tr><td>1949</td><td>40,097</td><td>2,940</td><td>250</td><td>29</td><td>841</td><td>916</td><td>327</td><td>-164</td><td>-2</td><td>-29</td><td>33</td><td>6</td><td>37,517</td></tr><tr><td>1950</td><td>40,167</td><td>3,190</td><td>574</td><td>32</td><td>880</td><td>1,383</td><td>358</td><td>-95</td><td>-2</td><td>-41</td><td>73</td><td>28</td><td>36,977</td></tr><tr><td>1951</td><td>44,631</td><td>5,837</td><td>618</td><td>31</td><td>992</td><td>978</td><td>378</td><td>-160</td><td>-1</td><td>-87</td><td>67</td><td>-</td><td>41,799</td></tr><tr><td>1952</td><td>56,114</td><td>1,309</td><td>779</td><td>34</td><td>987</td><td>1,309</td><td>411</td><td>-68</td><td>-1</td><td>-1</td><td>100</td><td>-</td><td>68,599</td></tr><tr><td>1953</td><td>74,607</td><td>3,469</td><td>719</td><td>37</td><td>1,094</td><td>1,079</td><td>420</td><td>-24</td><td>-1</td><td>-1</td><td>144</td><td>-</td><td>71,139</td></tr><tr><td>1954 (Est.)</td><td>78,587</td><td>3,082</td><td>125</td><td>39</td><td>1,190</td><td>1,189</td><td>397</td><td>-30</td><td>-</td><td>-</td><td>172</td><td>-</td><td>75,505</td></tr><tr><td>1952-July</td><td>6,762</td><td>531</td><td>77</td><td>-</td><td>-</td><td>397</td><td>39</td><td>-3</td><td>-</td><td>-</td><td>21</td><td>-</td><td>6,211</td></tr><tr><td>Aug.</td><td>5,018</td><td>170</td><td>44</td><td>-</td><td>-</td><td>94</td><td>33</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,988</td></tr><tr><td>Sept.</td><td>6,070</td><td>159</td><td>49</td><td>1</td><td>12</td><td>64</td><td>35</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,911</td></tr><tr><td>Oct.</td><td>6,383</td><td>141</td><td>58</td><td>5</td><td>24</td><td>23</td><td>33</td><td>-2</td><td>-</td><td>-</td><td>1</td><td>-</td><td>6,242</td></tr><tr><td>Nov.</td><td>5,161</td><td>210</td><td>58</td><td>-</td><td>1</td><td>92</td><td>34</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,930</td></tr><tr><td>Dec.</td><td>7,124</td><td>504</td><td>97</td><td>13</td><td>255</td><td>67</td><td>36</td><td>-2</td><td>-</td><td>-</td><td>36</td><td>-</td><td>6,680</td></tr><tr><td>1953-Jan.</td><td>5,737</td><td>182</td><td>84</td><td>-</td><td>2</td><td>20</td><td>43</td><td>-2</td><td>-</td><td>-</td><td>35</td><td>-</td><td>5,555</td></tr><tr><td>Feb.</td><td>2,929</td><td>268</td><td>40</td><td>-</td><td>4</td><td>101</td><td>25</td><td>-2</td><td>-</td><td>-</td><td>1</td><td>-</td><td>2,443</td></tr><tr><td>Mar.</td><td>6,137</td><td>123</td><td>23</td><td>1</td><td>12</td><td>98</td><td>39</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,157</td></tr><tr><td>Apr.</td><td>6,368</td><td>121</td><td>42</td><td>5</td><td>28</td><td>13</td><td>35</td><td>-2</td><td>-</td><td>-</td><td>1</td><td>-</td><td>6,241</td></tr><tr><td>May</td><td>6,241</td><td>178</td><td>48</td><td>-</td><td>4</td><td>92</td><td>33</td><td>-1</td><td>-</td><td>-</td><td>2</td><td>-</td><td>6,063</td></tr><tr><td>June</td><td>7,988</td><td>977</td><td>71</td><td>13</td><td>753</td><td>59</td><td>36</td><td>-1</td><td>-</td><td>-</td><td>46</td><td>-</td><td>7,011</td></tr></table>
1/ For further detail, see "Budget Receipts and Expenditures", Table 2.
2/ Accrued discount on savings bonds and bills less interest paid on savings bonds and bills redeemed.
3/ Payments to wholly owned Government corporations are not deducted be-
cause they are treated as negative expenditures when received by corporations.
b Treated as noncash expenditures at the time of issuance and as cash expenditures at the time of redemption; net issuance, or redemption (-).
* Less than $500,000.
r Revised.
Table 4.- Derivation of Cash Trust Account Transactions
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Less: Noncash receipts</th><th colspan="5">Less: Noncash expenditures</th></tr><tr><th>Total trust account receivable</th><th>Total monies in receivables</th><th>Interest on investments in Federal securities</th><th>Transfers on account of budget expenditures</th><th>Payroll deductions for Government employee retirement</th><th>Other 1/</th><th>Equal: Cash trust account receivable</th><th>Total trust account and other expend-itures</th><th>Total monies in Federal securities</th><th>Net investments in funds and accounts 2/</th><th>By Government agencies 3/</th><th>Other 1/</th><th>Equal: Cash trust account expenditures</th></tr><tr><td>1945</td><td>7,086</td><td>2,369</td><td>429</td><td>1,646</td><td>890</td><td>-</td><td>4,721</td><td>6,294</td><td>7,068</td><td>5,200</td><td>899</td><td>1,963</td><td>7,668</td></tr><tr><td>1946</td><td>1,712</td><td>2,772</td><td>567</td><td>1,987</td><td>281</td><td>271</td><td>4,937</td><td>8,236</td><td>3,913</td><td>3,668</td><td>141</td><td>110</td><td>4,316</td></tr><tr><td>1947</td><td>6,244</td><td>2,938</td><td>646</td><td>1,361</td><td>259</td><td>271</td><td>3,707</td><td>7,347</td><td>6,076</td><td>3,358</td><td>147</td><td>568</td><td>3,270</td></tr><tr><td>1948</td><td>1,415</td><td>2,920</td><td>744</td><td>1,170</td><td>750</td><td>148</td><td>3,999</td><td>8,030</td><td>3,863</td><td>3,060</td><td>933</td><td>958</td><td>3,941</td></tr><tr><td>1949</td><td>2,714</td><td>2,832</td><td>841</td><td>216</td><td>387</td><td>-</td><td>3,483</td><td>6,209</td><td>8,881</td><td>2,311</td><td>133</td><td>258</td><td>3,388</td></tr><tr><td>1950</td><td>6,669</td><td>2,633</td><td>880</td><td>1,383</td><td>358</td><td>2</td><td>4,046</td><td>6,570</td><td>298</td><td>405</td><td>69</td><td>37</td><td>6,868</td></tr><tr><td>1951</td><td>1,796</td><td>2,844</td><td>892</td><td>978</td><td>378</td><td>2</td><td>3,528</td><td>7,117</td><td>3,310</td><td>3,369</td><td>187</td><td>246</td><td>3,807</td></tr><tr><td>1952</td><td>2,897</td><td>3,807</td><td>987</td><td>1,709</td><td>112</td><td>3</td><td>6,102</td><td>8,102</td><td>3,732</td><td>3,135</td><td>281</td><td>77</td><td>4,137</td></tr><tr><td>1953</td><td>8,932</td><td>2,959</td><td>1,094</td><td>1,079</td><td>420</td><td>2</td><td>6,336</td><td>8,495</td><td>3,337</td><td>3,068</td><td>232</td><td>56</td><td>3,136</td></tr><tr><td>1954 (Est.)</td><td>9,547</td><td>2,778</td><td>1,190</td><td>1,189</td><td>397</td><td>2</td><td>6,769</td><td>9,980</td><td>3,288</td><td>3,195</td><td>149</td><td>-116</td><td>6,892</td></tr><tr><td>1952-July</td><td>738</td><td>138</td><td>*</td><td>397</td><td>39</td><td>2</td><td>300</td><td>725</td><td>288</td><td>308</td><td>*</td><td>-21</td><td>468</td></tr><tr><td>Aug.</td><td>929</td><td>126</td><td>12</td><td>34</td><td>33</td><td>-</td><td>811</td><td>882</td><td>327</td><td>331</td><td>46</td><td>45</td><td>941</td></tr><tr><td>Sept.</td><td>427</td><td>111</td><td>24</td><td>23</td><td>33</td><td>-</td><td>316</td><td>5</td><td>79</td><td>73</td><td>-9</td><td>35</td><td>-74</td></tr><tr><td>Oct.</td><td>402</td><td>79</td><td>21</td><td>23</td><td>34</td><td>-</td><td>328</td><td>693</td><td>64</td><td>37</td><td>16</td><td>43</td><td>589</td></tr><tr><td>Nov.</td><td>975</td><td>127</td><td>1</td><td>93</td><td>34</td><td>-</td><td>868</td><td>774</td><td>410</td><td>334</td><td>87</td><td>72</td><td>364</td></tr><tr><td>Dec.</td><td>747</td><td>360</td><td>255</td><td>67</td><td>38</td><td>-</td><td>180</td><td>1,012</td><td>418</td><td>357</td><td>6</td><td>69</td><td>594</td></tr><tr><td>1953-Jan.</td><td>286</td><td>63</td><td>2</td><td>20</td><td>43</td><td>-</td><td>221</td><td>377</td><td>109</td><td>112</td><td>246</td><td>21</td><td>287</td></tr><tr><td>Feb.</td><td>980</td><td>128</td><td>2</td><td>101</td><td>29</td><td>-</td><td>726</td><td>266</td><td>304</td><td>283</td><td>24</td><td>133</td><td>344</td></tr><tr><td>Mar.</td><td>649</td><td>106</td><td>13</td><td>58</td><td>35</td><td>-</td><td>943</td><td>866</td><td>89</td><td>61</td><td>38</td><td>-11</td><td>197</td></tr><tr><td>Apr.</td><td>443</td><td>75</td><td>28</td><td>13</td><td>35</td><td>-</td><td>368</td><td>690</td><td>129</td><td>144</td><td>33</td><td>47</td><td>421</td></tr><tr><td>May.</td><td>1,047</td><td>329</td><td>1</td><td>96</td><td>33</td><td>-</td><td>918</td><td>632</td><td>417</td><td>411</td><td>42</td><td>-17</td><td>215</td></tr><tr><td>June</td><td>1,338</td><td>848</td><td>753</td><td>99</td><td>30</td><td>-</td><td>490</td><td>1,240</td><td>693</td><td>960</td><td>-104</td><td>443</td><td>943</td></tr></table>
1/ Includes proceeds of ship sales carried in trust accounts pending allocation to budget receipts from sale of surplus property, and District of Columbia contribution for employees' retirement fund. Figures for 1947 and 1948 include $33 million and $5 million, respectively, of armed forces leave bonds redeemed for insurance premiums; after August 31, 1947, these bonds were redeemable for cash.
2/ Includes net investments of Government agencies in public debt securities and net redemption, or issuance (-), in the market of securities of Government agencies (see "Trust Account and Other Transactions", Table 1).
3/ Prior to 1951 consists of net investments of corporations not wholly owned; beginning with that year, includes also those of wholly owned corporations and agencies which for prior years are included in budget expenditures.
5/ Includes proceeds of ship sales (see footnote 2); District of Columbia contribution for employees' retirement fund; payment of earnings or repayment of capital stock and paid-in surplus by corporations not wholly owned; and net redemption, or issuance (-), in the market of securities of Government agencies.
* Less than $500,000.
7 4
Treasury Bulletin
TREASURY CASH INCOME AND OUTGO
Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Increase, or decrease (-), in Federal securities outstanding</th><th colspan="7">Level: Noncash debt transactions</th><th rowspan="2">Plus: Cash issuance of non-guaranteed securities of Federal agencies</th><th rowspan="2">Equals: Net cash borrowing, or net cash repurchase of borrowing (-)</th></tr><tr><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Total</th><th>Net investments in Federal securities</th><th>By trust funds and accounts</th><th>By Government agencies</th><th>Armed forces leave bonds</th><th>Adjusted service bonds</th><th>Notes for interest national Bank and Fund</th><th>Excess profits tax refund bonds</th><th>Interest on savings bonds and Treasury bills</th><th>Net transactions in guaranteed securities not reflected in Treasurer's accounts</th></tr><tr><td>1945</td><td>37,679</td><td>-1,190</td><td>36,489</td><td>6,738</td><td>5,200</td><td>324</td><td>-208</td><td>-108</td><td>1,430</td><td>-39</td><td>342</td><td>86</td><td>-277</td><td>4,478</td></tr><tr><td>1946</td><td>10,740</td><td>43</td><td>10,783</td><td>3,409</td><td>3,668</td><td>159</td><td>-86</td><td>-8</td><td>2,140</td><td>-370</td><td>435</td><td>203</td><td>66</td><td>7,439</td></tr><tr><td>1947</td><td>-11,136</td><td>-397</td><td>-11,533</td><td>7,892</td><td>3,368</td><td>178</td><td>1,793</td><td>-5</td><td>-913</td><td>-10</td><td>467</td><td>-</td><td>28</td><td>-19,389</td></tr><tr><td>1948</td><td>-9,954</td><td>-16</td><td>-9,970</td><td>3,336</td><td>3,360</td><td>49</td><td>-1,229</td><td>-2</td><td>-123</td><td>-4</td><td>290</td><td>-</td><td>133</td><td>-7,889</td></tr><tr><td>1949</td><td>478</td><td>-46</td><td>432</td><td>2,916</td><td>2,311</td><td>319</td><td>-164</td><td>-2</td><td>166</td><td>-1</td><td>574</td><td>-</td><td>-28</td><td>-3,313</td></tr><tr><td>1950</td><td>4,587</td><td>-8</td><td>4,579</td><td>334</td><td>-405</td><td>97</td><td>-95</td><td>-2</td><td>166</td><td>-1</td><td>638</td><td>-</td><td>-14</td><td>4,231</td></tr><tr><td>1951</td><td>-5,135</td><td>10</td><td>-5,125</td><td>4,045</td><td>3,359</td><td>187</td><td>-160</td><td>-1</td><td>13</td><td>-1</td><td>779</td><td>-</td><td>374</td><td>-5,795</td></tr><tr><td>1952</td><td>1,888</td><td>16</td><td>1,904</td><td>1,316</td><td>1,311</td><td>101</td><td>-28</td><td>-1</td><td>-2</td><td>-1</td><td>713</td><td>-</td><td>-38</td><td>2,918</td></tr><tr><td>1953</td><td>6,966</td><td>7</td><td>6,973</td><td>4,063</td><td>3,068</td><td>232</td><td>-24</td><td>-1</td><td>28</td><td>-1</td><td>125</td><td>-</td><td>-34</td><td>6,573</td></tr><tr><td>1954 (Est.)</td><td>9,900</td><td>-25</td><td>9,875</td><td>3,439</td><td>3,195</td><td>149</td><td>-30</td><td>-</td><td>-</td><td>-</td><td>185</td><td>-</td><td>137</td><td>1,397</td></tr><tr><td>1952-July</td><td>3,968</td><td>-11</td><td>3,956</td><td>397</td><td>308</td><td>46</td><td>-3</td><td>-</td><td>14</td><td>-</td><td>77</td><td>-</td><td>37</td><td>3,597</td></tr><tr><td>Aug.</td><td>113</td><td>9</td><td>112</td><td>13</td><td>33</td><td>57</td><td>-2</td><td>-</td><td>-59</td><td>-</td><td>11</td><td>-</td><td>-36</td><td>-668</td></tr><tr><td>Sept.</td><td>-504</td><td>1</td><td>-503</td><td>91</td><td>53</td><td>-9</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>49</td><td>-</td><td>-34</td><td>8,116</td></tr><tr><td>Oct.</td><td>2,218</td><td>5</td><td>2,223</td><td>77</td><td>37</td><td>-16</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>58</td><td>-</td><td>-50</td><td>2,105</td></tr><tr><td>Nov.</td><td>2,513</td><td>6</td><td>2,519</td><td>540</td><td>354</td><td>57</td><td>-1</td><td>-</td><td>-5</td><td>-</td><td>84</td><td>-</td><td>-50</td><td>-387</td></tr><tr><td>Dec.</td><td>-41</td><td>3</td><td>-38</td><td>440</td><td>357</td><td>-8</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>97</td><td>-</td><td>-35</td><td>-172</td></tr><tr><td>1953-Jan.</td><td>11</td><td>-6</td><td>5</td><td>232</td><td>-132</td><td>242</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>84</td><td>-</td><td>35</td><td>-113</td></tr><tr><td>Feb.</td><td>136</td><td>2</td><td>138</td><td>227</td><td>223</td><td>-54</td><td>-2</td><td>-</td><td>19</td><td>-</td><td>60</td><td>-</td><td>-134</td><td>-3,185</td></tr><tr><td>Mar.</td><td>-3,999</td><td>1</td><td>-3,998</td><td>201</td><td>141</td><td>38</td><td>-2</td><td>-</td><td>-19</td><td>-</td><td>23</td><td>-</td><td>11</td><td>-97</td></tr><tr><td>Apr.</td><td>105</td><td>1</td><td>106</td><td>122</td><td>144</td><td>-13</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>82</td><td>-</td><td>-51</td><td>-97</td></tr><tr><td>May.</td><td>1,930</td><td>-</td><td>1,930</td><td>548</td><td>411</td><td>42</td><td>-1</td><td>-</td><td>44</td><td>-</td><td>48</td><td>-</td><td>38</td><td>1,428</td></tr><tr><td>June.</td><td>-449</td><td>-</td><td>-449</td><td>805</td><td>840</td><td>-104</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>71</td><td>-</td><td>33</td><td>-1,222</td></tr></table>
Source: See Table 1.
1/ The issuance of these securities is treated as a noncash budget expenditure at the time of issuance and as a cash budget expenditure at the time of cash redemption; net issuance, or redemption (-).
2/ See Table 1, footnote 1.
3/ The issuance of these securities is treated as a noncash deduction from
budget receipts at the time of issuance and as a cash deduction at the time of cash redemption; not issuance, or redemption (-). See Table 3, footnote 2.
4/ Includes borrowing through Postal Savings System.
5/ Less than $500,000.
r Revised.
Table 6.- Cash Operating 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>Calendar year</th><th>Annual total</th><th>Fiscal year 1/1</th></tr><tr><td>Cash operating 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><td></td><td></td></tr><tr><td>1944</td><td>2,913</td><td>3,104</td><td>6,675</td><td>3,319</td><td>3,642</td><td>6,332</td><td>2,271</td><td>3,238</td><td>6,015</td><td>2,212</td><td>2,877</td><td>5,538</td><td>48,194</td><td>47,865</td><td></td></tr><tr><td>1945</td><td>3,724</td><td>4,275</td><td>7,001</td><td>3,124</td><td>3,250</td><td>6,015</td><td>2,764</td><td>3,372</td><td>5,276</td><td>2,809</td><td>3,030</td><td>4,328</td><td>49,603</td><td>50,240</td><td></td></tr><tr><td>1946</td><td>3,032</td><td>4,068</td><td>5,649</td><td>2,366</td><td>2,955</td><td>4,133</td><td>2,332</td><td>2,803</td><td>4,895</td><td>2,683</td><td>2,933</td><td>4,156</td><td>41,532</td><td>43,839</td><td></td></tr><tr><td>1947</td><td>3,822</td><td>4,577</td><td>5,925</td><td>2,728</td><td>2,746</td><td>4,886</td><td>2,446</td><td>3,112</td><td>4,666</td><td>2,839</td><td>3,205</td><td>3,981</td><td>44,319</td><td>43,591</td><td></td></tr><tr><td>1948</td><td>4,438</td><td>4,348</td><td>6,013</td><td>2,102</td><td>2,969</td><td>4,877</td><td>2,269</td><td>3,162</td><td>4,667</td><td>2,830</td><td>3,190</td><td>4,106</td><td>44,371</td><td>45,400</td><td></td></tr><tr><td>1949</td><td>3,683</td><td>3,833</td><td>5,955</td><td>1,430</td><td>2,595</td><td>4,798</td><td>2,031</td><td>3,150</td><td>4,915</td><td>2,046</td><td>2,965</td><td>4,263</td><td>41,374</td><td>41,668</td><td></td></tr><tr><td>1950</td><td>3,405</td><td>3,292</td><td>5,162</td><td>1,635</td><td>2,919</td><td>4,687</td><td>2,110</td><td>3,504</td><td>4,865</td><td>2,486</td><td>3,487</td><td>4,488</td><td>45,451</td><td>40,970</td><td></td></tr><tr><td>1951</td><td>4,296</td><td>4,577</td><td>6,439</td><td>2,660</td><td>3,143</td><td>7,377</td><td>2,584</td><td>3,600</td><td>5,993</td><td>2,895</td><td>4,233</td><td>5,446</td><td>59,438</td><td>59,033</td><td></td></tr><tr><td>1952</td><td>5,483</td><td>6,279</td><td>10,436</td><td>1,659</td><td>4,722</td><td>9,988</td><td>3,593</td><td>4,878</td><td>6,898</td><td>3,418</td><td>4,997</td><td>6,320</td><td>71,396</td><td>68,093</td><td></td></tr><tr><td>1953</td><td>5,239</td><td>6,267</td><td>11,042</td><td>3,114</td><td>5,294</td><td>10,185</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>71,344</td><td></td></tr><tr><td>Cash operating 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><td></td><td></td></tr><tr><td>1944</td><td>7,337</td><td>8,009</td><td>3,564</td><td>7,677</td><td>8,027</td><td>8,418</td><td>7,040</td><td>5,146</td><td>7,686</td><td>7,886</td><td>7,273</td><td>8,178</td><td>94,810</td><td>93,966</td><td></td></tr><tr><td>1945</td><td>7,729</td><td>7,115</td><td>8,786</td><td>7,755</td><td>8,836</td><td>8,829</td><td>7,750</td><td>7,532</td><td>6,326</td><td>5,913</td><td>6,704</td><td>8,224</td><td>86,142</td><td>95,184</td><td></td></tr><tr><td>1946</td><td>4,668</td><td>3,700</td><td>3,876</td><td>3,600</td><td>3,953</td><td>4,562</td><td>2,745</td><td>2,760</td><td>2,944</td><td>2,384</td><td>2,269</td><td>3,578</td><td>41,399</td><td>61,738</td><td></td></tr><tr><td>1947</td><td>9,733</td><td>3,482</td><td>3,919</td><td>3,056</td><td>2,714</td><td>3,307</td><td>3,272</td><td>3,950</td><td>3,593</td><td>3,895</td><td>4,230</td><td>4,435</td><td>48,614</td><td>36,897</td><td></td></tr><tr><td>1948</td><td>8,937</td><td>2,726</td><td>3,413</td><td>2,377</td><td>2,207</td><td>4,129</td><td>2,588</td><td>2,950</td><td>3,197</td><td>2,779</td><td>3,474</td><td>3,835</td><td>36,897</td><td>36,496</td><td></td></tr><tr><td>1949</td><td>2,855</td><td>3,259</td><td>3,850</td><td>3,130</td><td>3,709</td><td>4,550</td><td>2,866</td><td>3,715</td><td>3,847</td><td>3,266</td><td>3,426</td><td>4,070</td><td>42,642</td><td>40,576</td><td></td></tr><tr><td>1950</td><td>3,177</td><td>3,537</td><td>4,045</td><td>3,344</td><td>3,700</td><td>4,061</td><td>3,143</td><td>3,009</td><td>3,189</td><td>3,335</td><td>3,415</td><td>4,004</td><td>41,969</td><td>43,155</td><td></td></tr><tr><td>1951</td><td>3,433</td><td>3,382</td><td>4,214</td><td>4,134</td><td>5,214</td><td>6,233</td><td>4,943</td><td>5,965</td><td>4,062</td><td>5,801</td><td>5,642</td><td>5,621</td><td>58,014</td><td>45,616</td><td></td></tr><tr><td>1952</td><td>5,473</td><td>5,128</td><td>6,320</td><td>5,972</td><td>5,751</td><td>6,978</td><td>6,233</td><td>2,622</td><td>6,066</td><td>6,514</td><td>2,558</td><td>3,364</td><td>72,980</td><td>67,996</td><td></td></tr><tr><td>1953</td><td>5,442</td><td>5,754</td><td>6,970</td><td>6,443</td><td>6,662</td><td>7,932</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>76,561</td><td></td></tr><tr><td>Net cash operating income, or 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><td></td><td></td></tr><tr><td>1944</td><td>-4,622</td><td>-3,905</td><td>-1,889</td><td>-4,355</td><td>-3,395</td><td>-2,146</td><td>-4,287</td><td>-4,908</td><td>-1,071</td><td>-5,674</td><td>-4,496</td><td>-2,840</td><td>-46,616</td><td>-46,095</td><td></td></tr><tr><td>1945</td><td>-4,005</td><td>-2,841</td><td>-1,759</td><td>-4,301</td><td>-4,286</td><td>-2,011</td><td>-4,986</td><td>-4,141</td><td>-3,653</td><td>-1,474</td><td>-1,190</td><td>-854</td><td>-36,214</td><td>-24,792</td><td></td></tr><tr><td>1946</td><td>-1,636</td><td>-1,668</td><td>1,773</td><td>-1,834</td><td>-888</td><td>-379</td><td>-413</td><td>1,3</td><td>1,041</td><td>-161</td><td>-244</td><td>-578</td><td>-236</td><td>-17,892</td><td></td></tr><tr><td>1947</td><td>1,105</td><td>1,105</td><td>2,624</td><td>-835</td><td>-105</td><td>108</td><td>-487</td><td>4,871</td><td>1,73</td><td>-816</td><td>263</td><td>2,488</td><td>9,703</td><td>1,652</td><td></td></tr><tr><td>1948</td><td>1,936</td><td>1,304</td><td>2,601</td><td>1,213</td><td>1,662</td><td>748</td><td>-180</td><td>2,32</td><td>1,242</td><td>-409</td><td>-283</td><td>128</td><td>3,076</td><td>8,731</td><td></td></tr><tr><td>1949</td><td>829</td><td>635</td><td>1,704</td><td>-1,699</td><td>-1,114</td><td>248</td><td>-885</td><td>-566</td><td>1,068</td><td>-1,280</td><td>-461</td><td>193</td><td>-1,267</td><td>1,051</td><td></td></tr><tr><td>1950</td><td>308</td><td>58</td><td>1,116</td><td>-1,661</td><td>-762</td><td>666</td><td>-1,032</td><td>514</td><td>1,666</td><td>-909</td><td>78</td><td>435</td><td>432</td><td>-2,185</td><td></td></tr><tr><td>1951</td><td>1,259</td><td>1,356</td><td>2,570</td><td>1,128</td><td>3,206</td><td>8,234</td><td>-1,589</td><td>-969</td><td>1,693</td><td>-9,946</td><td>-1,348</td><td>21</td><td>1,104</td><td>7,631</td><td></td></tr><tr><td>1952</td><td>-290</td><td>947</td><td>4,316</td><td>-1,283</td><td>-1,069</td><td>3,010</td><td>-2,640</td><td>-744</td><td>832</td><td>-3,097</td><td>-561</td><td>-1,044</td><td>-1,283</td><td>137</td><td></td></tr><tr><td>1953</td><td>-803</td><td>513</td><td>4,070</td><td>-3,269</td><td>-3,369</td><td>2,853</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-5,217</td><td></td></tr></table>
Source: See Table 1
Fiscal year ending June 30 of year indicated. Revised.
August 1955
15
GENERAL FUND OF THE TREASURY
Table 1.- Status of the General Fund
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="2">Total</th><th colspan="3">Assets</th><th>Liabilities</th><th>Balance in the General Fund</th></tr><tr><th></th><th></th><th>Bullion, coin, and currency</th><th>Other</th><th>Deposits in Federal Reserve Banks</th><th>Deposits in special departments 1/</th><th>Other deposits and collections</th><th></th><th></th></tr><tr><th></th><th>Total</th><th>Gold</th><th>Other</th><th>Available funds</th><th>In process of collection</th><th></th><th></th><th></th></tr><tr><td>1945</td><td>25,119</td><td>150</td><td>258</td><td>1,500</td><td>-</td><td>28,682</td><td>89</td><td>421</td><td>24,698</td></tr><tr><td>1946</td><td>18,708</td><td>160</td><td>283</td><td>1,005</td><td>-</td><td>12,993</td><td>307</td><td>470</td><td>14,238</td></tr><tr><td>1947</td><td>3,730</td><td>1,003</td><td>232</td><td>1,200</td><td>-</td><td>968</td><td>310</td><td>422</td><td>3,368</td></tr><tr><td>1948</td><td>5,170</td><td>1,073</td><td>191</td><td>1,928</td><td>123</td><td>1,773</td><td>829</td><td>438</td><td>4,392</td></tr><tr><td>1949</td><td>3,806</td><td>1,082</td><td>219</td><td>430</td><td>103</td><td>1,771</td><td>309</td><td>392</td><td>3,470</td></tr><tr><td>1950</td><td>5,827</td><td>1,058</td><td>191</td><td>990</td><td>143</td><td>3,068</td><td>323</td><td>410</td><td>5,217</td></tr><tr><td>1951</td><td>7,574</td><td>1,045</td><td>176</td><td>338</td><td>250</td><td>2,680</td><td>180</td><td>514</td><td>7,337</td></tr><tr><td>1952</td><td>7,481</td><td>1,099</td><td>194</td><td>333</td><td>355</td><td>2,106</td><td>458</td><td>512</td><td>6,969</td></tr><tr><td>1953</td><td>5,096</td><td>904</td><td>161</td><td>138</td><td>210</td><td>3,071</td><td>359</td><td>426</td><td>4,670</td></tr><tr><td>1951-December</td><td>6,816</td><td>1,033</td><td>173</td><td>301</td><td>186</td><td>2,693</td><td>449</td><td>521</td><td>4,295</td></tr><tr><td>1952-July</td><td>8,280</td><td>1,010</td><td>181</td><td>638</td><td>184</td><td>6,087</td><td>479</td><td>784</td><td>7,928</td></tr><tr><td>August</td><td>7,439</td><td>1,008</td><td>175</td><td>496</td><td>106</td><td>5,107</td><td>468</td><td>487</td><td>6,952</td></tr><tr><td>September</td><td>7,257</td><td>1,001</td><td>179</td><td>508</td><td>161</td><td>5,217</td><td>491</td><td>401</td><td>7,156</td></tr><tr><td>October</td><td>6,743</td><td>1,005</td><td>163</td><td>770</td><td>174</td><td>4,115</td><td>409</td><td>568</td><td>6,175</td></tr><tr><td>November</td><td>8,155</td><td>992</td><td>162</td><td>392</td><td>103</td><td>5,396</td><td>512</td><td>518</td><td>7,036</td></tr><tr><td>December</td><td>6,582</td><td>1,007</td><td>160</td><td>389</td><td>176</td><td>4,368</td><td>481</td><td>518</td><td>6,064</td></tr><tr><td>1953-January</td><td>6,278</td><td>1,002</td><td>194</td><td>811</td><td>350</td><td>3,318</td><td>503</td><td>589</td><td>5,639</td></tr><tr><td>February</td><td>6,564</td><td>989</td><td>186</td><td>351</td><td>178</td><td>3,376</td><td>488</td><td>596</td><td>5,634</td></tr><tr><td>March</td><td>7,321</td><td>1,008</td><td>179</td><td>328</td><td>445</td><td>4,903</td><td>316</td><td>443</td><td>6,908</td></tr><tr><td>April</td><td>4,099</td><td>986</td><td>169</td><td>393</td><td>180</td><td>1,859</td><td>533</td><td>517</td><td>3,952</td></tr><tr><td>May</td><td>8,086</td><td>988</td><td>172</td><td>221</td><td>108</td><td>8,109</td><td>489</td><td>447</td><td>3,539</td></tr><tr><td>June</td><td>5,096</td><td>984</td><td>161</td><td>138</td><td>210</td><td>3,071</td><td>359</td><td>426</td><td>4,670</td></tr></table>
Sources: Daily Treasury Statement. 1/ On account of withheld taxes and sales of Government securities.
Table 2.- General Fund Balance by Months
(End of month, in millions of dollars)
<table><tr><th>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></tr><tr><td>1932</td><td>340</td><td>376</td><td>647</td><td>292</td><td>384</td><td>417</td><td>145</td><td>339</td><td>862</td><td>755</td><td>590</td><td>595</td></tr><tr><td>1933</td><td>327</td><td>221</td><td>493</td><td>281</td><td>364</td><td>862</td><td>254</td><td>1,200</td><td>1,146</td><td>909</td><td>1,207</td><td>1,026</td></tr><tr><td>1934</td><td>1,337</td><td>4,902</td><td>1,818</td><td>2,294</td><td>2,022</td><td>2,526</td><td>2,472</td><td>2,137</td><td>2,193</td><td>1,202</td><td>1,597</td><td>2,008</td></tr><tr><td>1935</td><td>2,319</td><td>2,021</td><td>2,346</td><td>1,333</td><td>1,977</td><td>1,941</td><td>1,759</td><td>1,470</td><td>1,799</td><td>1,434</td><td>1,434</td><td>2,809</td></tr><tr><td>1936</td><td>2,004</td><td>1,767</td><td>2,866</td><td>2,442</td><td>2,328</td><td>2,636</td><td>2,230</td><td>1,904</td><td>2,188</td><td>1,764</td><td>1,406</td><td>1,906</td></tr><tr><td>1937</td><td>1,726</td><td>1,539</td><td>1,266</td><td>1,708</td><td>1,724</td><td>2,553</td><td>2,639</td><td>2,908</td><td>2,860</td><td>2,676</td><td>2,608</td><td>2,973</td></tr><tr><td>1938</td><td>2,950</td><td>2,975</td><td>3,140</td><td>3,429</td><td>2,967</td><td>2,961</td><td>2,126</td><td>2,660</td><td>2,760</td><td>2,569</td><td>3,143</td><td>2,408</td></tr><tr><td>1939</td><td>2,933</td><td>3,343</td><td>3,389</td><td>3,004</td><td>2,924</td><td>2,838</td><td>2,447</td><td>2,231</td><td>2,178</td><td>1,913</td><td>2,356</td><td>2,476</td></tr><tr><td>1940</td><td>2,082</td><td>2,350</td><td>2,524</td><td>2,210</td><td>2,030</td><td>1,891</td><td>2,259</td><td>2,454</td><td>2,415</td><td>1,360</td><td>1,817</td><td>1,582</td></tr><tr><td>1941</td><td>2,025</td><td>2,284</td><td>2,752</td><td>2,423</td><td>1,934</td><td>2,404</td><td>2,920</td><td>2,570</td><td>2,031</td><td>2,634</td><td>2,413</td><td>1,930</td></tr><tr><td>1942</td><td>2,950</td><td>3,562</td><td>4,993</td><td>2,801</td><td>2,832</td><td>2,901</td><td>3,288</td><td>3,154</td><td>3,302</td><td>4,896</td><td>3,032</td><td>10,943</td></tr><tr><td>1943</td><td>7,724</td><td>5,398</td><td>5,179</td><td>12,617</td><td>12,687</td><td>9,507</td><td>8,595</td><td>6,334</td><td>15,158</td><td>19,897</td><td>16,958</td><td>12,894</td></tr><tr><td>1944</td><td>12,639</td><td>19,239</td><td>16,487</td><td>19,179</td><td>15,282</td><td>20,967</td><td>21,364</td><td>17,676</td><td>21,217</td><td>9,990</td><td>9,831</td><td>28,234</td></tr><tr><td>1945</td><td>19,506</td><td>17,313</td><td>15,277</td><td>11,366</td><td>9,685</td><td>24,698</td><td>22,028</td><td>18,631</td><td>16,134</td><td>12,313</td><td>18,445</td><td>26,003</td></tr><tr><td>1946</td><td>25,427</td><td>25,961</td><td>28,367</td><td>20,935</td><td>18,536</td><td>18,218</td><td>12,029</td><td>11,040</td><td>10,171</td><td>8,070</td><td>6,655</td><td>3,202</td></tr><tr><td>1947</td><td>4,711</td><td>7,134</td><td>5,909</td><td>4,312</td><td>4,065</td><td>3,303</td><td>3,069</td><td>3,207</td><td>3,037</td><td>4,203</td><td>4,130</td><td>4,208</td></tr><tr><td>1948</td><td>4,348</td><td>4,821</td><td>4,334</td><td>4,535</td><td>4,346</td><td>4,346</td><td>2,074</td><td>2,936</td><td>2,528</td><td>4,303</td><td>4,828</td><td>4,879</td></tr><tr><td>1949</td><td>5,699</td><td>5,291</td><td>5,767</td><td>5,995</td><td>3,163</td><td>3,470</td><td>3,337</td><td>4,118</td><td>5,699</td><td>4,727</td><td>4,828</td><td>4,330</td></tr><tr><td>1950</td><td>2,639</td><td>5,163</td><td>5,122</td><td>7,018</td><td>5,454</td><td>5,430</td><td>4,563</td><td>5,453</td><td>5,542</td><td>4,145</td><td>4,145</td><td>4,892</td></tr><tr><td>1951</td><td>4,154</td><td>2,332</td><td>5,259</td><td>5,955</td><td>5,728</td><td>7,357</td><td>5,620</td><td>5,095</td><td>6,916</td><td>5,874</td><td>5,624</td><td>4,892</td></tr><tr><td>1952</td><td>3,879</td><td>5,075</td><td>5,800</td><td>5,393</td><td>5,421</td><td>6,969</td><td>7,985</td><td>6,925</td><td>7,156</td><td>6,375</td><td>7,636</td><td>6,964</td></tr><tr><td>1953</td><td>5,689</td><td>6,084</td><td>6,908</td><td>3,592</td><td>3,639</td><td>4,670</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury Statement
n 6
Treasury Bulletin
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Public debt</th><th>Guaranteed securities</th><th>Total</th><th>Public debt</th><th>Guaranteed securities</th><th>Total</th><th>Guaranteed securities</th><th>Matured debt</th><th>Public debt</th><th>Monetary Fund $/</th><th>Other</th><th>Guaranteed securities</th></tr><tr><td>1945</td><td>299,115</td><td>298,682</td><td>431</td><td>296,766</td><td>296,357</td><td>409</td><td>2,350</td><td>2,385</td><td>269</td><td>-</td><td>-</td><td>2,057</td><td>2k</td></tr><tr><td>1946</td><td>269,908</td><td>269,908</td><td>476</td><td>269,578</td><td>268,111</td><td>467</td><td>1,321</td><td>1,311</td><td>376</td><td>-</td><td>-</td><td>333</td><td>10</td></tr><tr><td>1947</td><td>298,376</td><td>298,286</td><td>90</td><td>295,197</td><td>295,113</td><td>83</td><td>3,179</td><td>3,173</td><td>331</td><td>415</td><td>1,724</td><td>362</td><td>6</td></tr><tr><td>1948</td><td>296,365</td><td>296,390</td><td>73</td><td>293,122</td><td>293,055</td><td>69</td><td>2,234</td><td>2,229</td><td>230</td><td>66</td><td>1,161</td><td>72</td><td>2</td></tr><tr><td>1949</td><td>298,798</td><td>298,770</td><td>27</td><td>290,785</td><td>290,768</td><td>24</td><td>2,012</td><td>2,009</td><td>245</td><td>41</td><td>1,063</td><td>660</td><td>3</td></tr><tr><td>1950</td><td>297,377</td><td>297,377</td><td>30</td><td>293,226</td><td>293,209</td><td>17</td><td>2,130</td><td>2,148</td><td>265</td><td>-</td><td>1,270</td><td>513</td><td>2</td></tr><tr><td>1951</td><td>292,231</td><td>292,222</td><td>29</td><td>292,819</td><td>292,842</td><td>27</td><td>2,372</td><td>2,370</td><td>212</td><td>-</td><td>1,283</td><td>375</td><td>2</td></tr><tr><td>1952</td><td>299,151</td><td>299,103</td><td>46</td><td>294,907</td><td>295,051</td><td>11</td><td>2,294</td><td>2,292</td><td>119</td><td>-</td><td>1,278</td><td>290</td><td>1</td></tr><tr><td>1953</td><td>269,123</td><td>269,071</td><td>52</td><td>261,997</td><td>263,946</td><td>51</td><td>2,126</td><td>2,125</td><td>298</td><td>-</td><td>1,302</td><td>255</td><td>1</td></tr><tr><td>1954</td><td>273,83</td><td>273,800</td><td>43</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td colspan="15">Debt peak:</td></tr><tr><td>Feb. 1946</td><td>279,764</td><td>279,214</td><td>551</td><td>278,431</td><td>277,912</td><td>539</td><td>1,313</td><td>1,301</td><td>238</td><td>-</td><td>-</td><td>1,063</td><td>12</td></tr><tr><td>1951-December</td><td>299,461</td><td>299,419</td><td>42</td><td>297,111</td><td>297,070</td><td>40</td><td>2,350</td><td>2,348</td><td>492</td><td>-</td><td>1,296</td><td>560</td><td>2</td></tr><tr><td>1952-July</td><td>263,107</td><td>263,073</td><td>34</td><td>260,940</td><td>260,908</td><td>33</td><td>2,166</td><td>2,165</td><td>311</td><td>-</td><td>1,288</td><td>346</td><td>8</td></tr><tr><td>August</td><td>263,222</td><td>263,106</td><td>38</td><td>261,093</td><td>261,061</td><td>33</td><td>2,124</td><td>2,122</td><td>319</td><td>-</td><td>1,263</td><td>244</td><td>1</td></tr><tr><td>September</td><td>266,782</td><td>266,782</td><td>40</td><td>260,615</td><td>260,677</td><td>39</td><td>2,106</td><td>2,105</td><td>300</td><td>-</td><td>1,263</td><td>242</td><td>1</td></tr><tr><td>October</td><td>264,954</td><td>264,919</td><td>45</td><td>262,864</td><td>262,820</td><td>43</td><td>2,100</td><td>2,099</td><td>297</td><td>-</td><td>1,263</td><td>319</td><td>1</td></tr><tr><td>November</td><td>267,483</td><td>267,438</td><td>51</td><td>265,334</td><td>265,315</td><td>43</td><td>2,089</td><td>2,087</td><td>286</td><td>-</td><td>1,263</td><td>319</td><td>1</td></tr><tr><td>December</td><td>267,291</td><td>267,251</td><td>34</td><td>263,136</td><td>263,193</td><td>25</td><td>2,100</td><td>2,098</td><td>304</td><td>-</td><td>1,258</td><td>316</td><td>1</td></tr><tr><td>1953-January</td><td>267,450</td><td>267,402</td><td>48</td><td>265,370</td><td>265,323</td><td>47</td><td>2,080</td><td>2,079</td><td>286</td><td>-</td><td>1,258</td><td>315</td><td>1</td></tr><tr><td>February</td><td>267,634</td><td>267,584</td><td>50</td><td>265,338</td><td>265,459</td><td>49</td><td>2,096</td><td>2,094</td><td>254</td><td>-</td><td>1,277</td><td>333</td><td>1</td></tr><tr><td>March</td><td>264,536</td><td>264,485</td><td>51</td><td>262,430</td><td>262,330</td><td>50</td><td>2,106</td><td>2,105</td><td>312</td><td>-</td><td>1,258</td><td>329</td><td>1</td></tr><tr><td>April</td><td>264,042</td><td>264,290</td><td>28</td><td>262,601</td><td>262,520</td><td>21</td><td>2,041</td><td>2,040</td><td>252</td><td>-</td><td>1,258</td><td>287</td><td>1</td></tr><tr><td>May</td><td>266,572</td><td>266,580</td><td>32</td><td>264,496</td><td>264,449</td><td>21</td><td>2,076</td><td>2,075</td><td>246</td><td>-</td><td>1,302</td><td>352</td><td>1</td></tr><tr><td>June</td><td>266,123</td><td>266,071</td><td>52</td><td>261,997</td><td>261,945</td><td>51</td><td>2,126</td><td>2,125</td><td>298</td><td>-</td><td>1,302</td><td>525</td><td>1</td></tr></table>
Source: Actual figures from Daily Treasury Statement; estimates based on 1954 Budget document, released January 9, 1953. For revised estimates of total budget receipts and expenditures and the deficit in 1954 as
presented in the President's tax message to Congress on May 20, 1953. see page 1. Footnotes at end of Table 2.
Table 2.- Net Change in Federal Securities
(Increase, or decrease (-), in millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Total outstanding</th><th colspan="2">Interest-bearing debt</th><th colspan="6">Matured debt and debt bearing no interest</th></tr><tr><th>Total</th><th>Public debt</th><th>Guaranteed securities 1/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities 1/</th><th>Total</th><th>Matured</th><th>Public debt</th><th>Inter national Bank 2/</th><th>Monetary Fund 3/</th><th>Other 4/</th><th>Guaranteed securities 1/ (matured)</th></tr><tr><td>1945....</td><td>56,489</td><td>57,679</td><td>-1,190</td><td>55,707</td><td>56,813</td><td>-1,107</td><td>782</td><td>866</td><td>68</td><td>-</td><td>-</td><td>739</td><td>-93</td></tr><tr><td>1946....</td><td>10,763</td><td>10,760</td><td>33</td><td>11,812</td><td>11,794</td><td>98</td><td>-1,029</td><td>-1,014</td><td>108</td><td>-</td><td>-</td><td>-1,122</td><td>-14</td></tr><tr><td>1947....</td><td>-11,253</td><td>-11,136</td><td>-387</td><td>-13,381</td><td>-12,997</td><td>-383</td><td>1,058</td><td>1,862</td><td>-145</td><td>416</td><td>1,724</td><td>-133</td><td>-3</td></tr><tr><td>1948....</td><td>-6,010</td><td>-5,994</td><td>-16</td><td>-5,065</td><td>-5,050</td><td>-14</td><td>-945</td><td>-944</td><td>49</td><td>-194</td><td>-563</td><td>-80</td><td>-2</td></tr><tr><td>1949....</td><td>432</td><td>475</td><td>46</td><td>691</td><td>568</td><td>23</td><td>-221</td><td>-220</td><td>-15</td><td>-29</td><td>-98</td><td>-62</td><td>-1</td></tr><tr><td>1950....</td><td>4,579</td><td>4,587</td><td>-8</td><td>4,441</td><td>4,443</td><td>-7</td><td>138</td><td>139</td><td>20</td><td>-41</td><td>207</td><td>-47</td><td>-1</td></tr><tr><td>1951....</td><td>-8,126</td><td>-8,135</td><td>10</td><td>-8,147</td><td>-8,135</td><td>10</td><td>222</td><td>222</td><td>247</td><td>-</td><td>13</td><td>-18</td><td>-1</td></tr><tr><td>1952....</td><td>3,920</td><td>3,901</td><td>16</td><td>4,023</td><td>4,011</td><td>11</td><td>-128</td><td>-128</td><td>-93</td><td>-</td><td>-9</td><td>-26</td><td>*</td></tr><tr><td>1953....</td><td>6,972</td><td>6,965</td><td>7</td><td>7,090</td><td>7,083</td><td>7</td><td>-118</td><td>-117</td><td>-120</td><td>-</td><td>28</td><td>-25</td><td>*</td></tr><tr><td>1954 (Est.)....</td><td>9,875</td><td>9,900</td><td>-25</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td><td>0.8.</td></tr><tr><td>1958 July....</td><td>3,956</td><td>3,968</td><td>-11</td><td>4,034</td><td>4,045</td><td>-12</td><td>-77</td><td>-78</td><td>-88</td><td>-</td><td>14</td><td>-4</td><td>*</td></tr><tr><td>August....</td><td>118</td><td>113</td><td>5</td><td>127</td><td>126</td><td>5</td><td>-39</td><td>-39</td><td>-12</td><td>-</td><td>-25</td><td>-2</td><td>*</td></tr><tr><td>September....</td><td>-503</td><td>-504</td><td>1</td><td>-483</td><td>-484</td><td>1</td><td>-21</td><td>-20</td><td>-19</td><td>-</td><td>-</td><td>-2</td><td>*</td></tr><tr><td>October....</td><td>8,243</td><td>8,238</td><td>5</td><td>8,249</td><td>8,244</td><td>5</td><td>-6</td><td>-6</td><td>-4</td><td>-</td><td>-</td><td>-4</td><td>*</td></tr><tr><td>November....</td><td>8,519</td><td>8,523</td><td>6</td><td>8,530</td><td>8,525</td><td>6</td><td>-12</td><td>-12</td><td>-11</td><td>-</td><td>-</td><td>-1</td><td>*</td></tr><tr><td>December....</td><td>-38</td><td>-41</td><td>3</td><td>-49</td><td>-50</td><td>3</td><td>11</td><td>11</td><td>18</td><td>-</td><td>-5</td><td>-2</td><td>*</td></tr><tr><td>1959 January....</td><td>5</td><td>11</td><td>-6</td><td>21</td><td>30</td><td>-6</td><td>-19</td><td>-19</td><td>-18</td><td>-</td><td>-</td><td>-2</td><td>*</td></tr><tr><td>February....</td><td>136</td><td>138</td><td>2</td><td>168</td><td>166</td><td>2</td><td>16</td><td>16</td><td>-2</td><td>-</td><td>19</td><td>-1</td><td>*</td></tr><tr><td>March....</td><td>-3,098</td><td>-3,095</td><td>1</td><td>-3,108</td><td>-3,110</td><td>1</td><td>11</td><td>11</td><td>32</td><td>-</td><td>-19</td><td>-3</td><td>*</td></tr><tr><td>April....</td><td>106</td><td>105</td><td>1</td><td>172</td><td>171</td><td>1</td><td>-66</td><td>-66</td><td>-64</td><td>-</td><td>-</td><td>-8</td><td>*</td></tr><tr><td>May....</td><td>1,930</td><td>1,930</td><td>*</td><td>1,899</td><td>1,899</td><td>*</td><td>35</td><td>35</td><td>-5</td><td>-</td><td>-44</td><td>-2</td><td>*</td></tr><tr><td>June....</td><td>-449</td><td>-449</td><td>*</td><td>-499</td><td>-499</td><td>*</td><td>50</td><td>50</td><td>52</td><td>-</td><td>-</td><td>-2</td><td>-</td></tr></table>
1/ Excludes guaranteed securities held by the Treasury. The interest-bearing debt for periods shown consists of Commodity Credit Corporation demand obligations through March 1953, and Federal Housing Administration debentures; details appeared in the issues of the "Treasury Bulletin" prior to September 1951. 2/ Special notes of the United States issued to the International Bank and the International Monetary Fund in payment of part of the United States subscriptions to these institutions, pursuant to pro-
visions of the Breston Woods Agreements Act. The notes bear no interest, are nonnegotiable, and are payable on demand. 3/ Includes savings stamps, excess profits tax refund bonds, and currency items. For current-month details, see "Statutory Debt Limitation", Table 2. Less than $500,000. n.a. Not available.
17
August 1955
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="5">Marketable</th><th colspan="3">Public issues</th><th colspan="4">Remarketable</th><th rowspan="2">Special issues</th></tr><tr><th>Total interest-bearing public debt</th><th>Total public issues</th><th>Total</th><th>Bills</th><th>Certificates</th><th>Notes</th><th>Treasury bonds</th><th>Treasury bonds</th><th>Bank re-eligible 1/</th><th>Other bonds</th><th>Total</th><th>U. S. savings bonds</th><th>Treasury savings notes</th><th>Armed forces leave bonds</th><th>Treasury bonds, investment series</th><th>Other 1/</th></tr><tr><td>1945</td><td>256,357</td><td>237,945</td><td>181,319</td><td>17,041</td><td>34,136</td><td>23,497</td><td>69,593</td><td>36,796</td><td>196</td><td>56,265</td><td>45,986</td><td>10,136</td><td>-</td><td>-</td><td>505</td><td>18,812</td></tr><tr><td>1946</td><td>268,111</td><td>245,779</td><td>189,606</td><td>17,039</td><td>34,804</td><td>18,261</td><td>69,864</td><td>33,499</td><td>180</td><td>56,173</td><td>49,035</td><td>6,711</td><td>-</td><td>-</td><td>487</td><td>28,332</td></tr><tr><td>1947</td><td>295,113</td><td>287,747</td><td>168,708</td><td>15,775</td><td>25,296</td><td>8,142</td><td>69,686</td><td>43,616</td><td>166</td><td>59,045</td><td>51,357</td><td>5,960</td><td>1,793</td><td>-</td><td>329</td><td>27,366</td></tr><tr><td>1948</td><td>293,653</td><td>219,925</td><td>160,246</td><td>13,797</td><td>28,988</td><td>11,375</td><td>62,855</td><td>43,956</td><td>164</td><td>59,506</td><td>51,274</td><td>4,194</td><td>563</td><td>-</td><td>316</td><td>30,213</td></tr><tr><td>1949</td><td>250,762</td><td>217,986</td><td>125,147</td><td>11,516</td><td>29,427</td><td>3,596</td><td>60,789</td><td>43,636</td><td>152</td><td>62,819</td><td>56,860</td><td>4,860</td><td>196</td><td>-</td><td>369</td><td>32,776</td></tr><tr><td>1950</td><td>255,209</td><td>222,851</td><td>125,310</td><td>12,533</td><td>18,113</td><td>80,404</td><td>23,129</td><td>43,636</td><td>160</td><td>67,544</td><td>57,536</td><td>8,472</td><td>297</td><td>-</td><td>298</td><td>32,356</td></tr><tr><td>1951</td><td>252,992</td><td>218,193</td><td>137,917</td><td>13,614</td><td>9,509</td><td>35,906</td><td>42,772</td><td>36,061</td><td>156</td><td>80,283</td><td>57,572</td><td>7,818</td><td>47</td><td>-</td><td>319</td><td>34,053</td></tr><tr><td>1952</td><td>296,861</td><td>219,123</td><td>140,407</td><td>17,219</td><td>28,423</td><td>13,963</td><td>48,600</td><td>27,460</td><td>142</td><td>78,717</td><td>57,699</td><td>6,632</td><td>-</td><td>-</td><td>373</td><td>31,739</td></tr><tr><td>1953</td><td>263,946</td><td>223,408</td><td>147,335</td><td>19,707</td><td>15,954</td><td>30,429</td><td>63,980</td><td>17,283</td><td>124</td><td>76,073</td><td>57,886</td><td>4,453</td><td>-</td><td>-</td><td>13,288</td><td>447</td><td>40,938</td></tr><tr><td>Debt peak: Feb. 1945</td><td>277,912</td><td>257,016</td><td>199,810</td><td>17,032</td><td>41,413</td><td>19,551</td><td>68,207</td><td>53,427</td><td>180</td><td>57,206</td><td>48,692</td><td>8,043</td><td>-</td><td>-</td><td>-</td><td>471</td><td>20,897</td></tr><tr><td>1951-Dec.</td><td>297,070</td><td>221,168</td><td>142,695</td><td>18,102</td><td>29,073</td><td>18,409</td><td>40,897</td><td>36,048</td><td>128</td><td>78,483</td><td>57,987</td><td>7,534</td><td>-</td><td>-</td><td>13,011</td><td>351</td><td>35,902</td></tr><tr><td>1952-July</td><td>260,908</td><td>222,963</td><td>144,340</td><td>17,213</td><td>28,170</td><td>18,971</td><td>32,445</td><td>27,407</td><td>134</td><td>78,623</td><td>57,709</td><td>6,440</td><td>-</td><td>-</td><td>14,096</td><td>378</td><td>37,985</td></tr><tr><td>Aug.</td><td>261,060</td><td>222,753</td><td>144,148</td><td>17,206</td><td>28,019</td><td>18,974</td><td>32,445</td><td>27,369</td><td>134</td><td>78,509</td><td>57,723</td><td>6,330</td><td>-</td><td>-</td><td>14,137</td><td>389</td><td>38,307</td></tr><tr><td>Sept.</td><td>260,777</td><td>222,216</td><td>143,895</td><td>17,207</td><td>27,763</td><td>18,582</td><td>32,445</td><td>27,365</td><td>134</td><td>78,321</td><td>57,758</td><td>6,039</td><td>-</td><td>-</td><td>14,123</td><td>391</td><td>36,360</td></tr><tr><td>Oct.</td><td>262,820</td><td>224,430</td><td>146,775</td><td>19,722</td><td>16,902</td><td>10,246</td><td>32,444</td><td>27,338</td><td>134</td><td>77,695</td><td>57,794</td><td>6,066</td><td>-</td><td>-</td><td>13,442</td><td>393</td><td>38,312</td></tr><tr><td>Nov.</td><td>265,343</td><td>226,557</td><td>148,772</td><td>21,713</td><td>15,502</td><td>10,293</td><td>32,444</td><td>27,324</td><td>134</td><td>77,784</td><td>57,890</td><td>6,089</td><td>-</td><td>-</td><td>13,450</td><td>396</td><td>38,788</td></tr><tr><td>Dec.</td><td>265,293</td><td>226,143</td><td>148,581</td><td>21,713</td><td>15,712</td><td>10,266</td><td>32,740</td><td>21,016</td><td>134</td><td>77,566</td><td>57,940</td><td>5,770</td><td>-</td><td>-</td><td>13,450</td><td>403</td><td>39,130</td></tr><tr><td>1953-Jan.</td><td>265,123</td><td>226,226</td><td>148,274</td><td>21,709</td><td>16,712</td><td>10,275</td><td>32,740</td><td>21,013</td><td>124</td><td>77,651</td><td>58,134</td><td>5,676</td><td>-</td><td>-</td><td>13,440</td><td>408</td><td>39,007</td></tr><tr><td>Feb.</td><td>265,459</td><td>226,985</td><td>148,545</td><td>21,859</td><td>15,939</td><td>10,282</td><td>32,740</td><td>21,014</td><td>124</td><td>77,814</td><td>58,268</td><td>5,842</td><td>-</td><td>-</td><td>13,382</td><td>409</td><td>39,124</td></tr><tr><td>Mar.</td><td>262,330</td><td>223,003</td><td>145,938</td><td>19,211</td><td>15,939</td><td>10,337</td><td>32,358</td><td>21,009</td><td>124</td><td>77,037</td><td>58,371</td><td>4,979</td><td>-</td><td>-</td><td>13,387</td><td>400</td><td>39,133</td></tr><tr><td>Apr.</td><td>262,250</td><td>223,077</td><td>146,133</td><td>19,312</td><td>15,999</td><td>10,375</td><td>63,114</td><td>27,249</td><td>124</td><td>76,944</td><td>58,413</td><td>4,798</td><td>-</td><td>-</td><td>13,340</td><td>393</td><td>39,474</td></tr><tr><td>May</td><td>264,445</td><td>228,735</td><td>148,384</td><td>19,913</td><td>15,959</td><td>10,411</td><td>64,671</td><td>27,248</td><td>124</td><td>76,611</td><td>57,920</td><td>4,793</td><td>-</td><td>-</td><td>13,304</td><td>394</td><td>39,710</td></tr><tr><td>June</td><td>263,946</td><td>223,408</td><td>147,335</td><td>19,707</td><td>15,954</td><td>10,425</td><td>63,980</td><td>17,283</td><td>124</td><td>76,073</td><td>57,886</td><td>4,453</td><td>-</td><td>-</td><td>13,288</td><td>447</td><td>40,938</td></tr></table>
Sources: Daily Treasury Statement. Footnotes at end of Table 4.
Table 4.- Net Change in Interest-Bearing Public Debt
(Increases, or decreases (-), in millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Marketable</th><th colspan="4">Remarketable</th></tr><tr><th>Total interest-bearing public debt</th><th>Total public issues</th><th>Total</th><th>Bills</th><th>Certific-ates</th><th>Notes</th><th>Treasury bonds eligible</th><th>Treasury bonds restricted 1/2</th><th>Other bonds 2/3</th><th>Total U. S. savings bonds</th><th>Treasury savings notes</th><th>Armed forces leave bonds</th><th>Treasury bonds investment series</th><th>Other 3/</th><th>Special issues</th></tr><tr><td>1944</td><td>56,813</td><td>52,899</td><td>40,917</td><td>2,307</td><td>5,313</td><td>6,092</td><td>11,610</td><td>15,595</td><td>*</td><td>11,371</td><td>10,979</td><td>579</td><td>-</td><td>-187</td><td>4,585</td></tr><tr><td>1944</td><td>11,794</td><td>8,214</td><td>8,287</td><td>-2</td><td>658</td><td>5,237</td><td>-3,829</td><td>16,703</td><td>-16</td><td>-33</td><td>3,449</td><td>-3,948</td><td>-</td><td>-78</td><td>1,900</td></tr><tr><td>1947</td><td>12,997</td><td>18,038</td><td>-80,904</td><td>-1,264</td><td>9,508</td><td>-10,119</td><td>3,823</td><td>-3,823</td><td>-14</td><td>2,872</td><td>2,332</td><td>-1,151</td><td>1,793</td><td>-101</td><td>5,035</td></tr><tr><td>1948</td><td>-5,050</td><td>-7,899</td><td>-8,156</td><td>-2,018</td><td>-2,708</td><td>3,232</td><td>-5,061</td><td>*</td><td>-8</td><td>461</td><td>1,907</td><td>-1,166</td><td>-1,67</td><td>-9</td><td>2,945</td></tr><tr><td>1949</td><td>6,483</td><td>-1,199</td><td>-5,199</td><td>-2,221</td><td>6,840</td><td>-7,779</td><td>-1,016</td><td>*</td><td>-2</td><td>3,339</td><td>9,386</td><td>1,167</td><td>959</td><td>-98</td><td>8,086</td></tr><tr><td>1950</td><td>4,448</td><td>4,667</td><td>16</td><td>1,997</td><td>-11,009</td><td>16,808</td><td>-7,610</td><td>*</td><td>-2</td><td>4,705</td><td>1,877</td><td>3,612</td><td>-99</td><td>-1</td><td>-420</td></tr><tr><td>1951</td><td>-2,158</td><td>4,695</td><td>-17,193</td><td>81</td><td>-8,909</td><td>12,402</td><td>-10,387</td><td>-13,576</td><td>-4</td><td>12,738</td><td>36</td><td>-659</td><td>-290</td><td>13,572</td><td>34</td><td>2,297</td></tr><tr><td>1952</td><td>4,011</td><td>995</td><td>2,490</td><td>3,609</td><td>10,914</td><td>-16,083</td><td>-9,029</td><td>-8,601</td><td>-14</td><td>-1,365</td><td>133</td><td>1,205</td><td>-47</td><td>-438</td><td>94</td><td>3,086</td></tr><tr><td>1953</td><td>7,083</td><td>4,284</td><td>5,987</td><td>2,468</td><td>-22,570</td><td>11,462</td><td>15,780</td><td>-10,214</td><td>-13</td><td>-2,644</td><td>201</td><td>-2,160</td><td>-</td><td>-753</td><td>74</td><td>2,799</td></tr><tr><td>1950-July</td><td>4,045</td><td>3,839</td><td>3,932</td><td>-6</td><td>-253</td><td>8</td><td>4,245</td><td>-53</td><td>-8</td><td>-93</td><td>24</td><td>-172</td><td>-</td><td>50</td><td>5</td><td>206</td></tr><tr><td>Aug.</td><td>128</td><td>-210</td><td>198</td><td>-7</td><td>-151</td><td>4</td><td>4,245</td><td>-36</td><td>-</td><td>-18</td><td>44</td><td>-110</td><td>-</td><td>41</td><td>7</td><td>362</td></tr><tr><td>Sept.</td><td>-484</td><td>-537</td><td>-253</td><td>1</td><td>-257</td><td>7</td><td>4</td><td>-4</td><td>-</td><td>-284</td><td>5</td><td>-291</td><td>-</td><td>-4</td><td>6</td><td>54</td></tr><tr><td>Oct.</td><td>2,844</td><td>2,214</td><td>2,880</td><td>2,505</td><td>-10,061</td><td>11,264</td><td>-1</td><td>-27</td><td>-</td><td>-666</td><td>35</td><td>-13</td><td>-</td><td>-691</td><td>2</td><td>33</td></tr><tr><td>Nov.</td><td>2,523</td><td>2,127</td><td>1,997</td><td>2,003</td><td>-</td><td>13</td><td>6,296</td><td>-6,309</td><td>-</td><td>-310</td><td>97</td><td>-13</td><td>-</td><td>8</td><td>7</td><td>361</td></tr><tr><td>Dec.</td><td>-52</td><td>-413</td><td>192</td><td>-2</td><td>-190</td><td>13</td><td>6,296</td><td>-6,309</td><td>-</td><td>-222</td><td>90</td><td>-13</td><td>-</td><td>*</td><td>-1</td><td>-53</td></tr><tr><td>1951-Jan.</td><td>30</td><td>83</td><td>-7</td><td>-3</td><td>-</td><td>9</td><td>3</td><td>-10</td><td>-</td><td>90</td><td>194</td><td>-93</td><td>-</td><td>-9</td><td>-2</td><td>20</td></tr><tr><td>Feb.</td><td>166</td><td>-32</td><td>125</td><td>-</td><td>-754</td><td>7</td><td>620</td><td>-2</td><td>-</td><td>130</td><td>134</td><td>-73</td><td>-</td><td>-46</td><td>1</td><td>26</td></tr><tr><td>Mar.</td><td>-3,110</td><td>-3,162</td><td>-2,456</td><td>-2,499</td><td>-</td><td>46</td><td>5,355</td><td>-2</td><td>-</td><td>-705</td><td>103</td><td>-763</td><td>-</td><td>-47</td><td>-8</td><td>119</td></tr><tr><td>Apr.</td><td>171</td><td>51</td><td>144</td><td>101</td><td>-</td><td>47</td><td>3,756</td><td>-3,760</td><td>-</td><td>-93</td><td>43</td><td>-81</td><td>-</td><td>-16</td><td>1</td><td>216</td></tr><tr><td>May.</td><td>1,895</td><td>1,658</td><td>2,191</td><td>600</td><td>-</td><td>36</td><td>1,556</td><td>-1</td><td>-</td><td>-553</td><td>-493</td><td>-</td><td>-</td><td>-16</td><td>73</td><td>830</td></tr><tr><td>June</td><td>-499</td><td>-1,377</td><td>-985</td><td>-205</td><td>-105</td><td>14</td><td>-691</td><td>-2</td><td>-</td><td>-333</td><td>-35</td><td>-340</td><td>-</td><td>-16</td><td>-</td><td>-</td></tr></table>
Issues which commercial banks (banks accepting demand deposits) are not permitted to acquire prior to specified dates, except that: (1) concurrently with the 4th, 5th, and 6th War Loans and the Victory Loan, commercial banks were permitted to subscribe for limited investment of their earning deposits; (2) commercial banks may temporarily acquire such issues through forfeitures of collateral; (3) commercial banks may hold a limited amount of such issues for trading purposes. Bank restricted bonds may be redeemed at par and accrued interest upon the
For a current list of bank restricted issues and the date when each becomes bank eligible, see "Debt Operations", Table 1.
2/ Consists of postal savings and Panama Canal bonds, and also conversion bonds prior to 1947.
3/ Consists of depositary bonds.
* Less than $500,000.
18
Treasury Bulletin
DEBT OUTSTANDING
Table 5.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Federal Deposit Insurance Corporation</th><th>Federal home loan bank</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Savings and Insurance Corporation</th><th>Government employee retirement funds</th><th>Government Life Insurance Fund</th><th>National Service Life Insurance Fund</th><th>Postal Savings System</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>Other</th></tr><tr><td>1945</td><td>18,812</td><td>97</td><td>-</td><td>5,108</td><td>37</td><td>1,868</td><td>980</td><td>1,187</td><td>468</td><td>501</td><td>6,747</td><td>14</td></tr><tr><td>1946</td><td>25,132</td><td>120</td><td>-</td><td>5,910</td><td>49</td><td>5,177</td><td>684</td><td>5,430</td><td>788</td><td>591</td><td>6,699</td><td>12</td></tr><tr><td>1947</td><td>27,366</td><td>408</td><td>37</td><td>7,104</td><td>62</td><td>2,460</td><td>1,294</td><td>6,474</td><td>1,688</td><td>806</td><td>7,142</td><td>30</td></tr><tr><td>1948</td><td>30,211</td><td>549</td><td>117</td><td>7,709</td><td>74</td><td>2,823</td><td>1,856</td><td>5,925</td><td>1,915</td><td>1,776</td><td>7,500</td><td>11</td></tr><tr><td>1949</td><td>35,776</td><td>665</td><td>117</td><td>9,003</td><td>99</td><td>3,870</td><td>1,318</td><td>7,288</td><td>1,992</td><td>1,760</td><td>7,340</td><td>7</td></tr><tr><td>1950</td><td>38,356</td><td>808</td><td>119</td><td>10,418</td><td>79</td><td>3,817</td><td>1,290</td><td>5,342</td><td>1,802</td><td>2,058</td><td>6,616</td><td>6</td></tr><tr><td>1951</td><td>34,653</td><td>868</td><td>77</td><td>12,095</td><td>86</td><td>4,391</td><td>1,300</td><td>5,436</td><td>706</td><td>2,418</td><td>7,866</td><td>13</td></tr><tr><td>1952</td><td>37,739</td><td>888</td><td>90</td><td>13,041</td><td>79</td><td>4,114</td><td>1,300</td><td>5,304</td><td>592</td><td>2,749</td><td>7,749</td><td>9</td></tr><tr><td>1953</td><td>40,538</td><td>846</td><td>50</td><td>12,532</td><td>61</td><td>5,602</td><td>1,899</td><td>5,249</td><td>452</td><td>3,128</td><td>8,287</td><td>32</td></tr><tr><td>1951-December</td><td>35,902</td><td>862</td><td>52</td><td>12,791</td><td>79</td><td>4,756</td><td>1,279</td><td>5,170</td><td>632</td><td>2,610</td><td>7,689</td><td>21</td></tr><tr><td>1952-July</td><td>31,945</td><td>840</td><td>54</td><td>13,047</td><td>52</td><td>5,344</td><td>1,300</td><td>5,192</td><td>582</td><td>2,874</td><td>7,710</td><td>10</td></tr><tr><td>August</td><td>38,307</td><td>840</td><td>51</td><td>14,116</td><td>52</td><td>5,359</td><td>1,294</td><td>5,178</td><td>582</td><td>2,923</td><td>7,924</td><td>14</td></tr><tr><td>September</td><td>38,360</td><td>840</td><td>50</td><td>14,222</td><td>53</td><td>5,363</td><td>1,294</td><td>5,177</td><td>582</td><td>2,942</td><td>7,888</td><td>14</td></tr><tr><td>October</td><td>38,390</td><td>843</td><td>46</td><td>14,292</td><td>53</td><td>5,363</td><td>1,294</td><td>5,164</td><td>582</td><td>2,942</td><td>7,896</td><td>21</td></tr><tr><td>November</td><td>38,394</td><td>844</td><td>51</td><td>14,359</td><td>54</td><td>5,366</td><td>1,289</td><td>5,164</td><td>582</td><td>2,960</td><td>8,089</td><td>24</td></tr><tr><td>December</td><td>39,150</td><td>894</td><td>44</td><td>14,734</td><td>56</td><td>5,370</td><td>1,285</td><td>5,164</td><td>582</td><td>2,990</td><td>8,123</td><td>17</td></tr><tr><td>1953-January</td><td>39,097</td><td>912</td><td>51</td><td>14,746</td><td>56</td><td>5,378</td><td>1,288</td><td>5,154</td><td>512</td><td>2,956</td><td>8,038</td><td>11</td></tr><tr><td>February</td><td>39,308</td><td>934</td><td>50</td><td>14,777</td><td>56</td><td>5,378</td><td>1,288</td><td>5,159</td><td>499</td><td>3,023</td><td>8,079</td><td>15</td></tr><tr><td>March</td><td>39,394</td><td>899</td><td>50</td><td>14,918</td><td>56</td><td>5,338</td><td>1,276</td><td>5,159</td><td>495</td><td>3,003</td><td>8,079</td><td>15</td></tr><tr><td>April</td><td>39,474</td><td>886</td><td>50</td><td>15,098</td><td>56</td><td>5,390</td><td>1,272</td><td>5,149</td><td>495</td><td>2,996</td><td>8,061</td><td>19</td></tr><tr><td>May</td><td>39,710</td><td>831</td><td>50</td><td>15,804</td><td>58</td><td>5,389</td><td>1,264</td><td>5,129</td><td>463</td><td>3,031</td><td>8,264</td><td>25</td></tr><tr><td>June</td><td>40,538</td><td>846</td><td>50</td><td>15,532</td><td>61</td><td>5,602</td><td>1,899</td><td>5,249</td><td>452</td><td>3,128</td><td>8,287</td><td>32</td></tr></table>
Source: Daily Treasury Statement.
1/ Includes Canal Zone Postal Savings System.
2/ Consists of Adjusted Service Certificate Fund, various housing insurance
Funds, Farm Tenant Mortgage Insurance Fund, and Veterans' Special Term Insurance Fund.
Table 6.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Total interest-bearing securities</th><th colspan="9">Computed annual interest rate</th></tr><tr><th colspan="2">Amount outstanding</th><th colspan="2">Computed annual interest charge</th><th colspan="3">Total interest-bearing securities</th><th colspan="5">Marketable issues</th><th rowspan="2">Non-marketable issue / $</th><th rowspan="2">Special issues</th><th rowspan="2">Guaranteed securities / $</th></tr><tr><th>Public and guaranteed securities / $</th><th>Public debt</th><th>Public and guaranteed securities / $</th><th>Public debt</th><th>Total public debt</th><th>Total</th><th>Total 2/</th><th>Rilla 3/</th><th>Cartif-icates</th><th>Notes</th><th>Treasury bonds</th></tr><tr><td>1945</td><td>256,766</td><td>296,397</td><td>4,969</td><td>4,964</td><td>1,935</td><td>1,936</td><td>1,718</td><td>.381</td><td>.875</td><td>1,204</td><td>2,314</td><td>2,473</td><td>2,436</td><td>1,321</td></tr><tr><td>1946</td><td>268,137</td><td>269,111</td><td>5,331</td><td>5,331</td><td>1,999</td><td>1,996</td><td>1,773</td><td>.381</td><td>.875</td><td>1,289</td><td>2,307</td><td>2,367</td><td>2,446</td><td>1,210</td></tr><tr><td>1947</td><td>295,197</td><td>295,113</td><td>5,376</td><td>5,376</td><td>2,107</td><td>2,107</td><td>1,871</td><td>.380</td><td>.875</td><td>1,448</td><td>2,307</td><td>2,593</td><td>2,520</td><td>1,758</td></tr><tr><td>1948</td><td>290,132</td><td>290,063</td><td>5,437</td><td>5,437</td><td>2,182</td><td>2,182</td><td>1,942</td><td>1.014</td><td>1,042</td><td>1,204</td><td>2,309</td><td>2,563</td><td>2,588</td><td>1,954</td></tr><tr><td>1949</td><td>290,765</td><td>290,762</td><td>5,606</td><td>5,606</td><td>2,236</td><td>2,236</td><td>2,001</td><td>1.176</td><td>1,225</td><td>1,375</td><td>2,313</td><td>2,569</td><td>2,596</td><td>2,210</td></tr><tr><td>1950</td><td>295,285</td><td>295,209</td><td>5,613</td><td>5,613</td><td>2,800</td><td>2,800</td><td>1,958</td><td>1.187</td><td>1,163</td><td>1,344</td><td>2,322</td><td>2,569</td><td>2,589</td><td>2,658</td></tr><tr><td>1951</td><td>292,979</td><td>292,890</td><td>5,740</td><td>5,740</td><td>2,870</td><td>2,870</td><td>1,981</td><td>1.269</td><td>1,189</td><td>1,399</td><td>2,387</td><td>2,583</td><td>2,606</td><td>2,696</td></tr><tr><td>1952</td><td>296,907</td><td>296,863</td><td>5,982</td><td>5,982</td><td>2,329</td><td>2,329</td><td>2,051</td><td>1.711</td><td>1,875</td><td>1,560</td><td>2,317</td><td>2,599</td><td>2,679</td><td>2,578</td></tr><tr><td>1953</td><td>263,997</td><td>263,946</td><td>6,432</td><td>6,431</td><td>2,438</td><td>2,438</td><td>2,207</td><td>2.824</td><td>2,319</td><td>1,724</td><td>2,342</td><td>2,720</td><td>2,746</td><td>2,575</td></tr><tr><td>1952 July</td><td>280,940</td><td>280,908</td><td>6,102</td><td>6,101</td><td>2,339</td><td>2,339</td><td>2,070</td><td>1.787</td><td>1,875</td><td>1,560</td><td>2,320</td><td>2,563</td><td>2,689</td><td>2,617</td></tr><tr><td>August</td><td>261,610</td><td>261,600</td><td>6,239</td><td>6,239</td><td>2,329</td><td>2,329</td><td>2,051</td><td>1.711</td><td>1,875</td><td>1,560</td><td>2,320</td><td>2,563</td><td>2,666</td><td>2,555</td></tr><tr><td>September</td><td>260,615</td><td>260,577</td><td>6,117</td><td>6,116</td><td>2,348</td><td>2,348</td><td>2,082</td><td>1.969</td><td>1,884</td><td>1,599</td><td>2,320</td><td>2,571</td><td>2,696</td><td>2,600</td></tr><tr><td>October</td><td>262,864</td><td>262,820</td><td>6,171</td><td>6,170</td><td>2,349</td><td>2,349</td><td>2,090</td><td>1.876</td><td>1,890</td><td>1,755</td><td>2,320</td><td>2,571</td><td>2,689</td><td>2,584</td></tr><tr><td>November</td><td>265,394</td><td>265,345</td><td>6,221</td><td>6,219</td><td>2,345</td><td>2,345</td><td>2,086</td><td>1.837</td><td>1,890</td><td>1,755</td><td>2,320</td><td>2,572</td><td>2,681</td><td>2,570</td></tr><tr><td>December</td><td>265,346</td><td>265,293</td><td>6,241</td><td>6,240</td><td>2,353</td><td>2,353</td><td>2,099</td><td>1.915</td><td>1,997</td><td>1,755</td><td>2,320</td><td>2,577</td><td>2,678</td><td>2,569</td></tr><tr><td>1953 January</td><td>265,370</td><td>265,323</td><td>6,263</td><td>6,266</td><td>2,361</td><td>2,361</td><td>2,112</td><td>2.008</td><td>1,950</td><td>1,755</td><td>2,320</td><td>2,579</td><td>2,671</td><td>2,577</td></tr><tr><td>February</td><td>265,512</td><td>265,433</td><td>6,251</td><td>6,251</td><td>2,353</td><td>2,353</td><td>2,170</td><td>2.047</td><td>2,036</td><td>1,754</td><td>2,321</td><td>2,603</td><td>2,575</td><td>2,575</td></tr><tr><td>March</td><td>266,430</td><td>266,330</td><td>6,257</td><td>6,256</td><td>2,369</td><td>2,369</td><td>2,146</td><td>2.074</td><td>2,088</td><td>1,754</td><td>2,321</td><td>2,690</td><td>2,571</td><td>2,575</td></tr><tr><td>April</td><td>266,501</td><td>266,500</td><td>6,270</td><td>6,268</td><td>2,395</td><td>2,395</td><td>2,151</td><td>2.113</td><td>2,068</td><td>1,754</td><td>2,321</td><td>2,691</td><td>2,576</td><td>2,575</td></tr><tr><td>May</td><td>264,496</td><td>264,345</td><td>6,248</td><td>6,246</td><td>2,401</td><td>2,401</td><td>2,170</td><td>2.173</td><td>2,088</td><td>1,754</td><td>2,339</td><td>2,707</td><td>2,575</td><td>2,575</td></tr><tr><td>June</td><td>263,997</td><td>263,946</td><td>6,432</td><td>6,431</td><td>2,438</td><td>2,438</td><td>2,207</td><td>2.824</td><td>2,319</td><td>1,754</td><td>2,342</td><td>2,720</td><td>2,746</td><td>2,575</td></tr></table>
Sources: Daily Treasury Statement.
1/ Excludes guaranteed securities held by the Treasury.
2/ Total includes "Other bonds"; see Table 3.
3/ Included in debt outstanding at face amount, but discount value is used
4/ The annual interest charge and annual interest rate on United States savings bonds are computed on the basis of the rate to maturity applied against the amount outstanding.
August 1955
19
DEBT OUTSTANDING
Table 7.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies 1/ (In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Commodity Credit Corporation</th><th>Defense Production Act 2/</th><th>Export-Import Bank of Washington 1/</th><th>Housing and Home Finance Adminis-trator 1/</th><th>Mutual Security Agency 5/</th><th>Public Housing Adminis-tration</th><th>Recon-struction Finance Corpora-tion 1/</th><th>Rural Electri-fication Adminis-tration</th><th>Score-try of Agri-culture 6/</th><th>Secre-tary of the Army 1/</th><th>Tennessee Valley Authority</th><th>Other 8/</th></tr><tr><td>1945</td><td>12,169</td><td>1,591</td><td>-</td><td>-</td><td>-</td><td>-</td><td>381</td><td>9,060</td><td>-</td><td>-</td><td>-</td><td>57</td><td>1,118</td></tr><tr><td>1946</td><td>11,673</td><td>1,301</td><td>-</td><td>-</td><td>-</td><td>-</td><td>360</td><td>9,099</td><td>718</td><td>-</td><td>-</td><td>57</td><td>752</td></tr><tr><td>1947</td><td>11,946</td><td>510</td><td>-</td><td>516</td><td>-</td><td>-</td><td>347</td><td>9,966</td><td>-</td><td>-</td><td>-</td><td>56</td><td>590</td></tr><tr><td>1948</td><td>2,789</td><td>140</td><td>-</td><td>971</td><td>-</td><td>-</td><td>368</td><td>-</td><td>1,015</td><td>-</td><td>100</td><td>54</td><td>244</td></tr><tr><td>1949</td><td>6,951</td><td>1,569</td><td>-</td><td>914</td><td>-</td><td>782</td><td>337</td><td>1,898</td><td>-</td><td>-</td><td>-</td><td>52</td><td>126</td></tr><tr><td>1950</td><td>8,423</td><td>3,193</td><td>-</td><td>964</td><td>1</td><td>964</td><td>349</td><td>1,456</td><td>1,281</td><td>69</td><td>100</td><td>69</td><td>-</td></tr><tr><td>1951</td><td>9,097</td><td>2,555</td><td>158</td><td>1,040</td><td>1,579</td><td>1,097</td><td>469</td><td>274</td><td>1,540</td><td>114</td><td>100</td><td>44</td><td>107</td></tr><tr><td>1952</td><td>9,595</td><td>1,970</td><td>355</td><td>1,008</td><td>2,052</td><td>1,150</td><td>655</td><td>197</td><td>1,751</td><td>131</td><td>-</td><td>39</td><td>178</td></tr><tr><td>1953</td><td>12,195</td><td>3,582</td><td>416</td><td>1,257</td><td>2,213</td><td>1,359</td><td>690</td><td>159</td><td>1,590</td><td>171</td><td>-</td><td>34</td><td>270</td></tr><tr><td>1952-July</td><td>9,352</td><td>1,648</td><td>403</td><td>1,203</td><td>2,007</td><td>1,355</td><td>685</td><td>222</td><td>1,731</td><td>118</td><td>-</td><td>34</td><td>178</td></tr><tr><td>Aug.</td><td>9,581</td><td>1,701</td><td>384</td><td>1,248</td><td>2,121</td><td>1,172</td><td>710</td><td>183</td><td>1,731</td><td>118</td><td>-</td><td>34</td><td>178</td></tr><tr><td>Sept.</td><td>9,713</td><td>1,710</td><td>338</td><td>1,241</td><td>2,147</td><td>1,173</td><td>755</td><td>183</td><td>1,731</td><td>148</td><td>-</td><td>34</td><td>199</td></tr><tr><td>Oct.</td><td>10,013</td><td>1,812</td><td>318</td><td>1,224</td><td>2,201</td><td>1,173</td><td>785</td><td>183</td><td>1,851</td><td>188</td><td>-</td><td>34</td><td>223</td></tr><tr><td>Nov.</td><td>10,260</td><td>1,822</td><td>340</td><td>1,214</td><td>2,142</td><td>1,174</td><td>870</td><td>183</td><td>1,891</td><td>187</td><td>-</td><td>34</td><td>223</td></tr><tr><td>Dec.</td><td>10,606</td><td>2,169</td><td>342</td><td>1,294</td><td>2,283</td><td>1,175</td><td>915</td><td>183</td><td>1,891</td><td>217</td><td>-</td><td>34</td><td>233</td></tr><tr><td>1953-Jan.</td><td>10,709</td><td>2,601</td><td>348</td><td>1,124</td><td>2,326</td><td>1,176</td><td>792</td><td>183</td><td>1,895</td><td>147</td><td>-</td><td>34</td><td>247</td></tr><tr><td>Feb.</td><td>10,858</td><td>2,608</td><td>345</td><td>1,120</td><td>2,361</td><td>1,180</td><td>778</td><td>184</td><td>1,895</td><td>171</td><td>-</td><td>34</td><td>247</td></tr><tr><td>Mar.</td><td>11,079</td><td>2,763</td><td>343</td><td>1,119</td><td>2,419</td><td>1,182</td><td>703</td><td>183</td><td>1,992</td><td>171</td><td>-</td><td>34</td><td>247</td></tr><tr><td>Apr.</td><td>11,331</td><td>2,921</td><td>359</td><td>1,139</td><td>2,472</td><td>1,189</td><td>688</td><td>183</td><td>1,990</td><td>171</td><td>-</td><td>34</td><td>270</td></tr><tr><td>May</td><td>11,902</td><td>3,414</td><td>359</td><td>1,159</td><td>2,495</td><td>1,188</td><td>678</td><td>183</td><td>1,950</td><td>171</td><td>-</td><td>34</td><td>270</td></tr><tr><td>June</td><td>12,195</td><td>3,022</td><td>416</td><td>1,227</td><td>2,513</td><td>1,189</td><td>695</td><td>159</td><td>1,950</td><td>171</td><td>-</td><td>34</td><td>270</td></tr></table>
Source: Daily Treasury Statement
3/ The securities shown in this table were issued to the Treasury to finance Government operations. These securities are held by the Treasury and are used to raise the necessary funds through public debt operations. To avoid duplication, these securities are not included in the guaranteed debt shown in line 2.
3/ Approved September 6, 1957. Securities consist of notes of the Secretary of the Interior (Defense Minerals Exploration Administration), Reconstruction Finance Corporation (Recovery Agency), Bank of Washington and the Administrator of the Defense Materials Procurement Agency (to whom was transferred from the Administrator of General Services Administration, pursuant to Executive Order No. 9577, dated December 15, 1945, the function of borrowing from the Treasury under the terms of the act).
3/ Excludes securities issued under Defense Production Act.
3/ Fiscal year 1949. These securities are Federal National Mortgage Association and prefabricated housing loans programs, which were transferred from the Reconstructed Finance Corporation beginning
September 1950, and housing loans for educational institutions, beginning July 1950.
This agency supervised the Economic Cooperation Administration, effective October 1951, pursuant to the Mutual Security Act of 1951 (Public Law 551).
The Federal Housing Administration, and Executive Order 10300 of November 1, 1951.
The Federal Home Administration programs.
For Natural Fibers Receiving Fund activities have been terminated.
Consists of notes issued by Federal Farm Mortgage Corporation and Rural Electrification Administration, payable by the Treasury to the Company in 1958-59, and advances under agreement with Veterans' Administration for 1957-58, and 1958-59, August 1, 1959. For detail, see "Treasury Bulletin" issues before March 1959.
Notes outstanding in the amount of $9,365 million, including interest, were issued by the Treasury to the United States, pursuant to the Appropriation Act, 1949 (62 Stat. 1187).
20
Treasury Bulletin
DEBT OUTSTANDING
Table 8. - Public Debt and Guaranteed Securities Outstanding by Month
(End of month, in millions of dollars)
<table><tr><th>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></tr><tr><td>1932</td><td>17,816</td><td>18,125</td><td>18,507</td><td>18,297</td><td>19,037</td><td>19,487</td><td>19,632</td><td>20,067</td><td>20,611</td><td>20,333</td><td>20,806</td><td>20,806</td></tr><tr><td>1933</td><td>20,202</td><td>20,923</td><td>21,162</td><td>21,441</td><td>21,553</td><td>22,529</td><td>23,610</td><td>23,090</td><td>23,071</td><td>23,080</td><td>23,599</td><td>28,479</td></tr><tr><td>1934</td><td>28,476</td><td>28,286</td><td>28,817</td><td>28,668</td><td>28,538</td><td>28,701</td><td>29,123</td><td>29,033</td><td>29,421</td><td>29,462</td><td>29,534</td><td>30,257</td></tr><tr><td>1935</td><td>30,516</td><td>30,560</td><td>31,479</td><td>32,405</td><td>32,635</td><td>33,779</td><td>33,444</td><td>33,280</td><td>33,833</td><td>33,813</td><td>33,704</td><td>34,492</td></tr><tr><td>1936</td><td>34,502</td><td>34,601</td><td>34,759</td><td>34,941</td><td>35,223</td><td>36,425</td><td>36,715</td><td>37,045</td><td>36,875</td><td>36,956</td><td>37,094</td><td>37,271</td></tr><tr><td>1937</td><td>37,433</td><td>37,633</td><td>37,956</td><td>37,510</td><td>37,422</td><td>37,265</td><td>37,192</td><td>37,593</td><td>38,393</td><td>38,423</td><td>38,603</td><td>39,423</td></tr><tr><td>1938</td><td>39,631</td><td>39,899</td><td>39,985</td><td>40,063</td><td>40,288</td><td>40,440</td><td>40,651</td><td>40,892</td><td>40,858</td><td>41,035</td><td>41,305</td><td>41,958</td></tr><tr><td>1939</td><td>42,508</td><td>42,695</td><td>42,940</td><td>42,690</td><td>42,635</td><td>42,962</td><td>43,774</td><td>43,990</td><td>44,071</td><td>44,117</td><td>44,157</td><td>45,026</td></tr><tr><td>1940</td><td>45,877</td><td>46,090</td><td>47,173</td><td>47,231</td><td>47,721</td><td>48,962</td><td>49,533</td><td>50,982</td><td>51,345</td><td>53,584</td><td>55,904</td><td>57,938</td></tr><tr><td>1941</td><td>60,032</td><td>62,381</td><td>62,419</td><td>64,961</td><td>68,571</td><td>72,422</td><td>77,136</td><td>81,685</td><td>86,483</td><td>92,904</td><td>95,116</td><td>108,170</td></tr><tr><td>1942</td><td>111,069</td><td>114,004</td><td>115,507</td><td>129,849</td><td>125,923</td><td>136,696</td><td>141,284</td><td>144,099</td><td>148,249</td><td>165,047</td><td>166,125</td><td>165,630</td></tr><tr><td>1943</td><td>170,120</td><td>181,707</td><td>184,900</td><td>188,669</td><td>186,832</td><td>201,688</td><td>208,045</td><td>203,001</td><td>202,000</td><td>202,017</td><td>259,342</td><td>278,115</td></tr><tr><td>1944</td><td>218,887</td><td>219,214</td><td>216,012</td><td>271,938</td><td>272,583</td><td>269,422</td><td>268,470</td><td>267,946</td><td>265,369</td><td>263,232</td><td>268,277</td><td>259,149</td></tr><tr><td>1945</td><td>292,776</td><td>261,418</td><td>229,128</td><td>277,701</td><td>258,143</td><td>258,286</td><td>259,448</td><td>260,977</td><td>259,145</td><td>259,071</td><td>258,218</td><td>256,900</td></tr><tr><td>1946</td><td>296,580</td><td>294,690</td><td>292,990</td><td>292,530</td><td>292,538</td><td>292,470</td><td>292,877</td><td>292,852</td><td>292,680</td><td>292,778</td><td>292,932</td><td>292,430</td></tr><tr><td>1947</td><td>296,865</td><td>295,368</td><td>292,782</td><td>292,718</td><td>292,350</td><td>292,357</td><td>292,541</td><td>292,874</td><td>297,216</td><td>296,333</td><td>297,077</td><td>296,708</td></tr><tr><td>1948</td><td>296,821</td><td>295,041</td><td>294,931</td><td>294,927</td><td>295,925</td><td>295,730</td><td>295,677</td><td>296,644</td><td>297,233</td><td>298,268</td><td>299,606</td><td>299,119</td></tr><tr><td>1949</td><td>297,779</td><td>260,362</td><td>258,088</td><td>258,292</td><td>259,900</td><td>259,105</td><td>261,071</td><td>261,186</td><td>266,682</td><td>264,919</td><td>267,432</td><td>267,391</td></tr><tr><th colspan="13">Guaranteed securities</th></tr><tr><td>1932</td><td>180</td><td>180</td><td>295</td><td>285</td><td>423</td><td>681</td><td>1,064</td><td>1,615</td><td>1,975</td><td>2,292</td><td>1,18</td><td>1,180</td></tr><tr><td>1933</td><td>310</td><td>1,400</td><td>3,700</td><td>3,650</td><td>3,400</td><td>4,700</td><td>4,700</td><td>4,948</td><td>4,369</td><td>4,421</td><td>4,460</td><td>4,594</td></tr><tr><td>1934</td><td>4,968</td><td>4,630</td><td>4,656</td><td>4,676</td><td>4,703</td><td>4,718</td><td>4,724</td><td>4,669</td><td>4,667</td><td>4,667</td><td>4,662</td><td>4,662</td></tr><tr><td>1935</td><td>4,662</td><td>4,662</td><td>4,662</td><td>4,660</td><td>4,660</td><td>4,665</td><td>4,703</td><td>4,633</td><td>4,633</td><td>4,634</td><td>4,644</td><td>4,645</td></tr><tr><td>1936</td><td>4,846</td><td>4,846</td><td>4,846</td><td>4,847</td><td>4,850</td><td>4,853</td><td>5,064</td><td>5,285</td><td>5,000</td><td>5,031</td><td>4,933</td><td>4,932</td></tr><tr><td>1937</td><td>4,993</td><td>5,041</td><td>5,110</td><td>5,140</td><td>5,140</td><td>5,140</td><td>5,140</td><td>5,140</td><td>5,146</td><td>5,148</td><td>5,108</td><td>5,104</td></tr><tr><td>1938</td><td>5,699</td><td>5,673</td><td>5,663</td><td>5,657</td><td>5,535</td><td>5,582</td><td>5,265</td><td>5,813</td><td>5,808</td><td>5,810</td><td>5,919</td><td>5,917</td></tr><tr><td>1939</td><td>5,915</td><td>5,914</td><td>5,916</td><td>5,960</td><td>5,374</td><td>5,370</td><td>6,939</td><td>6,937</td><td>6,937</td><td>6,928</td><td>6,341</td><td>6,341</td></tr><tr><td>1940</td><td>5,703</td><td>5,696</td><td>5,690</td><td>5,688</td><td>5,687</td><td>4,268</td><td>4,281</td><td>4,294</td><td>4,277</td><td>4,119</td><td>4,160</td><td>4,230</td></tr><tr><td>1941</td><td>4,875</td><td>4,833</td><td>4,878</td><td>4,874</td><td>1,669</td><td>1,683</td><td>1,565</td><td>1,566</td><td>1,568</td><td>1,563</td><td>1,533</td><td>1,524</td></tr><tr><td>1942</td><td>1,330</td><td>1,144</td><td>1,244</td><td>1,155</td><td>1,172</td><td>1,716</td><td>313</td><td>370</td><td>240</td><td>258</td><td>253</td><td>263</td></tr><tr><td>1943</td><td>998</td><td>951</td><td>991</td><td>946</td><td>992</td><td>976</td><td>313</td><td>370</td><td>240</td><td>258</td><td>253</td><td>263</td></tr><tr><td>1944</td><td>270</td><td>188</td><td>188</td><td>178</td><td>177</td><td>90</td><td>80</td><td>79</td><td>75</td><td>83</td><td>89</td><td>81</td></tr><tr><td>1945</td><td>77</td><td>79</td><td>78</td><td>75</td><td>75</td><td>73</td><td>72</td><td>51</td><td>50</td><td>52</td><td>57</td><td>55</td></tr><tr><td>1946</td><td>35</td><td>26</td><td>26</td><td>23</td><td>23</td><td>21</td><td>20</td><td>21</td><td>20</td><td>28</td><td>29</td><td>30</td></tr><tr><td>1947</td><td>87</td><td>87</td><td>82</td><td>82</td><td>82</td><td>80</td><td>82</td><td>16</td><td>18</td><td>20</td><td>24</td><td>32</td></tr><tr><td>1948</td><td>18</td><td>18</td><td>21</td><td>21</td><td>21</td><td>19</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td></tr><tr><td>1949</td><td>38</td><td>37</td><td>41</td><td>41</td><td>45</td><td>45</td><td>34</td><td>39</td><td>40</td><td>45</td><td>51</td><td>51</td></tr><tr><th colspan="13">Total Federal securities</th></tr><tr><td>1932</td><td>17,816</td><td>18,125</td><td>18,507</td><td>18,597</td><td>19,037</td><td>19,487</td><td>19,632</td><td>20,067</td><td>20,611</td><td>20,333</td><td>20,806</td><td>20,806</td></tr><tr><td>1933</td><td>20,308</td><td>20,935</td><td>21,362</td><td>21,441</td><td>21,953</td><td>22,539</td><td>22,610</td><td>23,099</td><td>23,051</td><td>23,092</td><td>23,598</td><td>23,994</td></tr><tr><td>1934</td><td>25,378</td><td>26,432</td><td>26,453</td><td>26,443</td><td>26,278</td><td>27,734</td><td>28,254</td><td>28,699</td><td>29,064</td><td>29,784</td><td>30,122</td><td>31,243</td></tr><tr><td>1935</td><td>31,078</td><td>30,150</td><td>30,113</td><td>30,101</td><td>30,319</td><td>32,497</td><td>33,168</td><td>33,049</td><td>33,300</td><td>33,500</td><td>34,456</td><td>39,069</td></tr><tr><td>1936</td><td>39,104</td><td>39,263</td><td>39,390</td><td>39,601</td><td>39,873</td><td>42,009</td><td>42,419</td><td>41,678</td><td>41,508</td><td>41,590</td><td>41,738</td><td>41,984</td></tr><tr><td>1937</td><td>42,099</td><td>42,879</td><td>42,802</td><td>42,127</td><td>42,274</td><td>42,027</td><td>42,255</td><td>42,608</td><td>43,408</td><td>43,426</td><td>43,566</td><td>44,419</td></tr><tr><td>1938</td><td>44,810</td><td>45,017</td><td>45,474</td><td>45,547</td><td>45,475</td><td>45,437</td><td>46,137</td><td>46,738</td><td>46,738</td><td>46,738</td><td>47,003</td><td>47,019</td></tr><tr><td>1939</td><td>47,809</td><td>48,018</td><td>48,203</td><td>48,315</td><td>48,343</td><td>48,497</td><td>49,297</td><td>49,718</td><td>49,881</td><td>49,947</td><td>50,192</td><td>50,942</td></tr><tr><td>1940</td><td>51,798</td><td>52,004</td><td>53,089</td><td>53,731</td><td>54,092</td><td>55,332</td><td>56,452</td><td>57,858</td><td>58,288</td><td>60,982</td><td>61,364</td><td>61,858</td></tr><tr><td>1941</td><td>65,725</td><td>65,077</td><td>68,179</td><td>70,040</td><td>74,258</td><td>75,991</td><td>81,717</td><td>86,277</td><td>91,057</td><td>91,269</td><td>100,380</td><td>112,478</td></tr><tr><td>1942</td><td>117,933</td><td>128,339</td><td>130,991</td><td>137,242</td><td>148,015</td><td>150,265</td><td>210,138</td><td>211,369</td><td>211,064</td><td>211,807</td><td>216,537</td><td>218,148</td></tr><tr><td>1943</td><td>133,238</td><td>134,851</td><td>135,094</td><td>136,224</td><td>140,003</td><td>159,115</td><td>252,250</td><td>263,535</td><td>266,265</td><td>266,376</td><td>265,954</td><td>278,686</td></tr><tr><td>1944</td><td>270,046</td><td>261,606</td><td>259,306</td><td>257,880</td><td>258,582</td><td>258,376</td><td>259,528</td><td>260,176</td><td>259,221</td><td>259,155</td><td>258,301</td><td>256,981</td></tr><tr><td>1945</td><td>256,651</td><td>254,683</td><td>253,068</td><td>258,315</td><td>252,311</td><td>252,366</td><td>253,429</td><td>253,101</td><td>252,738</td><td>252,513</td><td>252,563</td><td>252,854</td></tr><tr><td>1946</td><td>256,656</td><td>256,747</td><td>251,666</td><td>251,253</td><td>251,928</td><td>252,798</td><td>253,908</td><td>255,879</td><td>256,709</td><td>256,805</td><td>257,011</td><td>257,160</td></tr><tr><td>1947</td><td>256,143</td><td>256,958</td><td>255,958</td><td>255,018</td><td>255,128</td><td>255,231</td><td>255,680</td><td>255,677</td><td>257,386</td><td>258,336</td><td>259,047</td><td>259,467</td></tr><tr><td>1948</td><td>259,813</td><td>260,399</td><td>258,124</td><td>258,337</td><td>259,251</td><td>259,151</td><td>263,107</td><td>261,225</td><td>266,782</td><td>264,964</td><td>267,483</td><td>267,445</td></tr><tr><td>1949</td><td>267,450</td><td>267,634</td><td>264,236</td><td>264,042</td><td>266,372</td><td>266,123</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Sources: Daily Treasury Statement; Office of the Treasurer of the United States; for guaranteed securities prior to July 1942, Statement of Contingent Liabilities. For public debt outstanding by years, beginning 1790, see 1952 Annual Report of the Secretary of the Treasury, p. 557. Obligations, issued by certain Government corporations and other agencies, which are guaranteed by the United States as to both principal and interest.
Such obligations were first authorized in 1932. Prior to September 1939, the figures represent principal shown as a contingent liability of the United States; beginning September 1939, they represent principal outstanding, both matured and unmatured. Guaranteed securities held by the Treasury are excluded.
August 1953
21
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended, (31 U.S.C. 757 b), provides that the face amount of obligations issued under authority of that act, and the face amount of obligations guaranteed as to principal and interest by the United States (except guaranteed obligations held by the Secretary of the Treasury), shall not exceed in the
aggregate $275 billion outstanding at any one time. Obligations issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are included in the statutory debt limitation at current redemption values.
Table 1.- Status under Limitation, June 30, 1953
(In millions of dollars)
<table><tr><td>Maximum amount of securities which may be outstanding at any one time, under limitation imposed by the act of June 26, 1946 (31 U.S.C. 757 b).</td><td>275,000</td></tr><tr><td>Amount of securities outstanding subject to such statutory debt limitation:</td><td></td></tr><tr><td>U.S. Government securities issued under the Second Liberty Bond Act, as amended.</td><td>265,470</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury).</td><td>32</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>265,502</td></tr><tr><td>Balance issuable under limitation.</td><td>9,478</td></tr></table>
Source: Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding June 30, 1953
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td><b>Public debt</b></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td></tr><tr><td>Marketable:</td><td>19,767</td><td>-</td><td>19,707</td></tr><tr><td>Treasury bills</td><td>13,894</td><td>-</td><td>15,894</td></tr><tr><td>Certificate of indebtedness</td><td>30,425</td><td>-</td><td>30,425</td></tr><tr><td>Treasury notes</td><td>63,950</td><td>-</td><td>63,950</td></tr><tr><td>Treasury bonds - bank eligible</td><td>17,845</td><td>-</td><td>17,845</td></tr><tr><td>Treasury bonds - bank restricted 1/</td><td>-</td><td>124</td><td>124</td></tr><tr><td>Postal savings and Postmaster funds bonds</td><td>147,211</td><td>124</td><td>147,335</td></tr><tr><td>Total marketable</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nonmarketable:</td><td>57,886</td><td>-</td><td>57,886</td></tr><tr><td>U.S. savings bonds (current redemption value)</td><td>4,453</td><td>-</td><td>4,453</td></tr><tr><td>Treasury savings notes</td><td>447</td><td>-</td><td>447</td></tr><tr><td>Depository bonds</td><td>13,288</td><td>-</td><td>13,288</td></tr><tr><td>Treasury bonds, investment series</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total nonmarketable</td><td>76,073</td><td>-</td><td>76,073</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>40,538</td><td>-</td><td>40,538</td></tr><tr><td>Total interest-bearing securities</td><td>263,882</td><td>124</td><td>263,946</td></tr><tr><td>Natured securities on which interest has ceased</td><td>294</td><td>4</td><td>298</td></tr><tr><td>Debt bearing no interest:</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States savings stamps</td><td>50</td><td>-</td><td>50</td></tr><tr><td>Excess profits tax refund bonds</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Special notes of the United States</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International Monetary Fund Series</td><td>1,302</td><td>-</td><td>1,302</td></tr><tr><td>United States notes (less gold reserves)</td><td>-</td><td>191</td><td>191</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>-</td><td>277</td><td>277</td></tr><tr><td>Other debt bearing no interest</td><td>-</td><td>6</td><td>6</td></tr><tr><td>Total debt bearing no interest</td><td>1,353</td><td>474</td><td>1,827</td></tr><tr><td>Total public debt</td><td>265,470</td><td>601</td><td>266,071</td></tr><tr><td>Guaranteed securities: 5/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>51</td><td>-</td><td>51</td></tr><tr><td>Natural</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>52</td><td>7</td><td>59</td></tr><tr><td>Total public debt and guaranteed securities</td><td>265,522</td><td>601</td><td>266,123</td></tr></table>
Source: Bureau of the Public Debt. 1/ Issues which commercial banks may not acquire prior to specified dates
(with minor exceptions). See "Debt Outstanding", Table 3, footnote 1 2/ Excludes guaranteed securities held by the Treasury.
22
Treasury Bulletin
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding June 30, 1953 1/
(In millions of dollars)
<table><tr><th rowspan="2">Year and month</th><th rowspan="2">Description of security 2/</th><th colspan="4">Amount of maturities</th><th colspan="4">Amount of maturities</th></tr><tr><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th>Date bank restricted issues become bank eligible 1/</th><th>Year and month</th><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th>Date bank restricted issues become bank eligible 1/</th></tr><tr><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th></tr><tr><td>1953</td><td></td><td></td><td></td><td></td><td></td><td>1956</td><td></td><td></td><td></td><td></td></tr><tr><td>July</td><td>Bills</td><td>7,003</td><td>-</td><td>-</td><td>......</td><td>Mar.</td><td>2-2/8% Bond - 3/15/56-58</td><td>1,449</td><td>-</td><td>......</td></tr><tr><td>Aug.</td><td>Bills Certificate - 8/15/53-5</td><td>6,003</td><td>-</td><td>-</td><td>......</td><td>Apr.</td><td>1-1/8% Note - 4/1/56-EA</td><td>1,007</td><td>-</td><td>......</td></tr><tr><td>Sept.</td><td>Bills (Tax Anticipation Series) - 9/15/51-53</td><td>5,901</td><td>-</td><td>-</td><td>......</td><td>June</td><td>2-1/8% Bond - 6/15/54-56</td><td>-</td><td>681</td><td>......</td></tr><tr><td>Dec.</td><td>2-1/8% Note 2/4 Bond 2/ - 12/1/53-10/1/54 2/ - 6/15/52-54 2/ - 6/15/52-55 2/ - 12/15/52-54</td><td>10,582</td><td>510</td><td>510</td><td>......</td><td>Sept.</td><td>2-3/8% Bond - 9/15/56-59</td><td>-</td><td>982</td><td>......</td></tr><tr><td></td><td></td><td>-</td><td>5,582</td><td>-</td><td>......</td><td>Oct.</td><td>1-1/8% Note - 10/1/56-80</td><td>590</td><td>-</td><td>......</td></tr><tr><td>Total</td><td></td><td>41,116</td><td>15,499</td><td>-</td><td>......</td><td>Total</td><td>1,577</td><td>6,253</td><td>681</td><td>......</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>1957</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>927</td><td>-</td><td>......</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Apr.</td><td>1-1/8% Note - 4/1/57-EA</td><td>531</td><td>-</td><td>-</td><td>......</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Oct.</td><td>1-1/8% Note - 10/1/57-80</td><td>824</td><td>-</td><td>-</td><td>......</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Total</td><td>1,355</td><td>927</td><td>-</td><td>-</td><td>......</td></tr><tr><td>1954</td><td></td><td></td><td></td><td></td><td>1958</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>2-1/8% Certificate - 2/15/54-5</td><td>8,118</td><td>-</td><td>-</td><td>......</td><td>Mar.</td><td>2-1/8% Bond - 3/15/56-58</td><td>-</td><td>1,449</td><td>......</td></tr><tr><td>Mar.</td><td>1-3/8% Note - 3/15/54-5</td><td>4,675</td><td>-</td><td>-</td><td>......</td><td>Apr.</td><td>1-1/8% Note - 4/1/58-EA</td><td>77</td><td>-</td><td>......</td></tr><tr><td>June</td><td>2/4 8% Bond - 6/15/52-54 2-1/8% Certificate - 6/15/54-5</td><td>-</td><td>681</td><td>5,823</td><td>......</td><td>June</td><td>2-3/8% Bond - 6/15/58</td><td>4,545</td><td>-</td><td>......</td></tr><tr><td>Dec.</td><td>2/4 Bond - 12/15/52-54</td><td>4,898</td><td>-</td><td>-</td><td>......</td><td>Dec.</td><td>2-1/8% Bond - 12/15/58</td><td>620</td><td>919</td><td>......</td></tr><tr><td>Total</td><td></td><td>17,647</td><td>681</td><td>14,487</td><td>......</td><td>Total</td><td>4,942</td><td>919</td><td>1,449</td><td>......</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>1959</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>-</td><td>927</td><td>......</td></tr><tr><td>1955</td><td>Mar. 1-1/8% Note - 3/15/55-5</td><td>5,355</td><td>-</td><td>-</td><td>......</td><td>June</td><td>2-1/8% Bond - 6/15/59-62</td><td>-</td><td>5,279</td><td>......</td></tr><tr><td></td><td>2-7/8% Bond - 3/15/55-60</td><td>2,611</td><td>-</td><td>-</td><td>......</td><td>Sept.</td><td>2-3/8% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>982</td><td>......</td></tr><tr><td>June</td><td>2-1/8% Bond - 6/15/52-55</td><td>-</td><td>1,501</td><td>-</td><td>......</td><td>Dec.</td><td>2-1/8% Bond - 12/15/59-62</td><td>-</td><td>3,467</td><td>......</td></tr><tr><td>Dec.</td><td>2/4 Bond - 12/15/51-55 1-3/8% Note - 12/15/55-59</td><td>6,954</td><td>-</td><td>510</td><td>......</td><td>Total</td><td>8,746</td><td>5,731</td><td></td><td>......</td></tr><tr><td>Total</td><td></td><td>12,219</td><td>2,611</td><td>2,011</td><td>......</td><td>1960</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Mar.</td><td>2-7/8% Bond - 3/15/59-60</td><td>-</td><td>-</td><td>2,611</td><td>......</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Dec.</td><td>2-3/8% Bond - 12/15/60-65</td><td>-</td><td>1,485</td><td>-</td><td>......</td></tr><tr><td>Total</td><td></td><td></td><td></td><td></td><td>Total</td><td>1,485</td><td>2,611</td><td></td><td>......</td></tr></table>
Footnotes at end of table.
(Continued on following page)
23
August 1953
DEBT OPERATIONS
Table 1. Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding June 30, 1953 1/ - (Continued)
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th></tr><tr><th></th><th></th><th>Fixed maturity issues</th><th>Callable issues classified by year of:</th><th>Data bank restructured issues become bank eligible 3/</th><th></th><th></th><th>Fixed maturity issues</th><th>Callable issues classified by year of:</th><th>Data bank restructured issues become bank eligible 3/</th></tr><tr><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th><th></th><th></th><th>First call</th><th>Final maturity</th></tr><tr><td>1961</td><td>June 3/ Panama Canal bond - 6/1/61</td><td>50</td><td>-</td><td>-</td><td>1967</td><td>June 2-1/4% Bond - 6/15/60-61</td><td>-</td><td>1,894</td><td>2,117</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Sept. 2-1/4% Bond - 9/15/61-72</td><td>-</td><td>2,716</td><td>-</td><td>6/15/62</td></tr><tr><td>1962</td><td>June 2-1/4% Bond - 6/15/59-62</td><td>-</td><td>5,279</td><td>-</td><td>Dec. 2-1/4% Bond - 12/15/61-72</td><td>-</td><td>3,832</td><td>-</td><td>12/15/62</td></tr><tr><td></td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>2,117</td><td>3,467</td><td>Total</td><td></td><td>-</td><td>8,443</td><td>2,117</td></tr><tr><td></td><td>Total</td><td>-</td><td>2,117</td><td>8,746</td><td>1968</td><td>Dec. 2-1/4% Bond - 12/15/63-68</td><td>-</td><td>-</td><td>2,828</td></tr><tr><td>1963</td><td>June 2-3/4% Bond - 6/15/58-63</td><td>-</td><td>519</td><td>-</td><td>1969</td><td>June 2-1/4% Bond - 6/15/64-59</td><td>-</td><td>-</td><td>3,756</td></tr><tr><td></td><td>Dec. 2-1/4% Bond - 12/15/63-68</td><td>-</td><td>2,828</td><td>-</td><td>Dec. 2-1/4% Bond - 12/15/64-59</td><td>-</td><td>-</td><td>3,831</td><td>9/15/53</td></tr><tr><td></td><td>Total</td><td>-</td><td>2,828</td><td>519</td><td>Total</td><td></td><td>-</td><td>-</td><td>7,589</td></tr><tr><td>1964</td><td>June 2-1/4% Bond - 6/15/64-69</td><td>-</td><td>3,756</td><td>-</td><td>1970</td><td>Mar. 2-1/4% Bond - 3/15/65-70</td><td>-</td><td>-</td><td>4,783</td><td>2/1/54</td></tr><tr><td></td><td>Dec. 2-1/4% Bond - 12/15/64-69</td><td>-</td><td>3,831</td><td>-</td><td>1971</td><td>Mar. 2-1/4% Bond - 3/15/66-71</td><td>-</td><td>-</td><td>2,963</td><td>12/1/54</td></tr><tr><td></td><td>Total</td><td>-</td><td>7,589</td><td>-</td><td>1972</td><td>June 2-1/4% Bond - 6/15/67-72</td><td>-</td><td>1,894</td><td>6/15/62</td></tr><tr><td>1965</td><td>Mar. 2-1/4% Bond - 3/15/65-70</td><td>-</td><td>4,783</td><td>-</td><td>Sept. 2-1/4% Bond - 9/15/67-72</td><td>-</td><td>2,716</td><td>-</td><td></td></tr><tr><td></td><td>Dec. 2-3/4% Bond - 12/15/60-65</td><td>-</td><td>1,485</td><td>-</td><td>Dec. 2-1/4% Bond - 12/15/67-72</td><td>-</td><td>3,832</td><td>12/15/62</td></tr><tr><td></td><td>Total</td><td>-</td><td>4,783</td><td>1,485</td><td>Total</td><td></td><td>-</td><td>8,443</td><td></td></tr><tr><td>1966</td><td>June 3-1/4% Bond - 6/15/78-83</td><td>-</td><td>1,592</td><td>-</td><td>1983</td><td>June 3-1/4% Bond - 6/15/78-83</td><td>-</td><td>-</td><td>1,592</td></tr><tr><td>Mar. 2-1/4% Bond - 3/15/66-71</td><td>-</td><td>2,963</td><td>-</td><td>12/1/54</td></tr></table>
Source: Daily Treasury Statement and Bureau of the Public Debt.
1/ Exclude postal savings bonds.
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. For date of issue of each security, see "Market Quotations"; for tax status, see "Treasury Survey of Ownership".
3/ Bank restricted issue may not be acquired by commercial banks (with minor exceptions) prior to specified dates; see "Debt Outstanding", Table 3, footnote 1.
4/ Not called for redemption on March 15, 1953. Will mature on September 15, 1953.
5/ Not called for redemption on June 15, 1953. Callable on four months' notice on December 15, 1953, succeeding interest payment date.
2
Treasury Bulletin
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
<table><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th><th>Amount of bids tendered</th><th>Total amount</th><th>Amount of bids accepted on competitive basis</th><th>On noncompetitive basis 1/</th><th>In exchange</th><th>Amount maturing on issue date of new offering</th><th>Total unamortized issues outstanding after new issues</th></tr><tr><td>Regular Series:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953-Mar. 5</td><td>1953-June 4</td><td>91</td><td>1,997.5</td><td>1,301.4</td><td>1,102.7</td><td>198.7</td><td>39.9</td><td>1,300.7</td><td>17,209.9</td></tr><tr><td>Mar. 12</td><td>June 11</td><td>91</td><td>2,148.1</td><td>1,201.9</td><td>971.8</td><td>230.1</td><td>71.2</td><td>1,200.3</td><td>17,207.5</td></tr><tr><td>Mar. 19</td><td>June 18</td><td>91</td><td>2,188.0</td><td>1,200.5</td><td>925.5</td><td>275.0</td><td>95.5</td><td>1,200.0</td><td>17,130.0</td></tr><tr><td>Mar. 26</td><td>June 25</td><td>91</td><td>2,829.6</td><td>1,200.7</td><td>959.8</td><td>240.9</td><td>43.9</td><td>1,200.3</td><td>17,208.3</td></tr><tr><td>Apr. 2</td><td>July 2</td><td>91</td><td>1,943.3</td><td>1,200.5</td><td>999.2</td><td>201.3</td><td>38.5</td><td>1,200.7</td><td>17,208.2</td></tr><tr><td>Apr. 9</td><td>July 9</td><td>91</td><td>6,279.4</td><td>1,400.8</td><td>1,130.0</td><td>280.9</td><td>40.5</td><td>1,359.4</td><td>17,809.6</td></tr><tr><td>Apr. 16</td><td>July 16</td><td>91</td><td>2,058.6</td><td>1,400.7</td><td>1,146.1</td><td>254.6</td><td>211.5</td><td>1,400.2</td><td>17,310.2</td></tr><tr><td>Apr. 23</td><td>July 23</td><td>91</td><td>2,502.5</td><td>1,400.5</td><td>1,218.5</td><td>258.6</td><td>177.9</td><td>1,400.4</td><td>17,310.3</td></tr><tr><td>Apr. 30</td><td>July 30</td><td>91</td><td>2,188.0</td><td>1,499.9</td><td>1,250.5</td><td>249.4</td><td>72.0</td><td>1,500.4</td><td>17,339.8</td></tr><tr><td>May 7</td><td>Aug. 6</td><td>91</td><td>2,165.3</td><td>1,500.4</td><td>1,258.7</td><td>247.7</td><td>170.2</td><td>1,300.4</td><td>17,309.8</td></tr><tr><td>May 14</td><td>Aug. 13</td><td>91</td><td>2,231.0</td><td>1,500.6</td><td>1,238.0</td><td>268.5</td><td>171.8</td><td>1,500.5</td><td>17,309.9</td></tr><tr><td>May 21</td><td>Aug. 20</td><td>91</td><td>2,340.3</td><td>1,501.8</td><td>1,245.1</td><td>256.1</td><td>71.7</td><td>1,301.2</td><td>17,709.9</td></tr><tr><td>May 28</td><td>Aug. 27</td><td>91</td><td>2,087.0</td><td>1,500.8</td><td>1,292.8</td><td>208.0</td><td>64.3</td><td>1,300.7</td><td>17,709.9</td></tr><tr><td>June 4</td><td>Sept. 3</td><td>91</td><td>1,782.4</td><td>1,500.3</td><td>1,317.3</td><td>183.0</td><td>97.0</td><td>1,301.4</td><td>18,108.8</td></tr><tr><td>June 11</td><td>Sept. 10</td><td>91</td><td>2,890.3</td><td>1,500.0</td><td>1,259.1</td><td>230.8</td><td>57.1</td><td>1,400.8</td><td>18,330.9</td></tr><tr><td>June 18</td><td>Sept. 17</td><td>91</td><td>2,807.2</td><td>1,500.5</td><td>1,218.6</td><td>281.9</td><td>97.8</td><td>1,500.5</td><td>18,806.9</td></tr><tr><td>June 25</td><td>Sept. 24</td><td>91</td><td>1,959.3</td><td>1,500.2</td><td>1,261.9</td><td>238.4</td><td>44.1</td><td>1,200.7</td><td>18,906.5</td></tr><tr><td>July 2</td><td>Oct. 1</td><td>91</td><td>2,192.0</td><td>1,500.3</td><td>1,296.4</td><td>203.9</td><td>88.3</td><td>1,200.9</td><td>19,206.2</td></tr><tr><td>July 9</td><td>Oct. 8</td><td>91</td><td>2,165.9</td><td>1,501.2</td><td>1,274.7</td><td>226.5</td><td>119.3</td><td>1,400.8</td><td>19,306.6</td></tr><tr><td>July 16</td><td>Oct. 15</td><td>91</td><td>2,216.7</td><td>1,501.3</td><td>1,269.7</td><td>231.5</td><td>23.1</td><td>1,400.7</td><td>19,306.2</td></tr><tr><td>July 23</td><td>Oct. 22</td><td>91</td><td>2,380.3</td><td>1,500.6</td><td>1,218.5</td><td>288.1</td><td>130.3</td><td>1,500.5</td><td>19,406.2</td></tr><tr><td>July 30</td><td>Oct. 29</td><td>91</td><td>2,268.2</td><td>1,500.1</td><td>1,239.8</td><td>260.3</td><td>111.0</td><td>1,499.9</td><td>19,406.4</td></tr><tr><td>Tax Anticipation Series:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1959-Nov. 21</td><td>1959-June 10</td><td>210</td><td>3,983.8</td><td>2,902.7</td><td>1,775.3</td><td>285.4</td><td>-</td><td>-</td><td>800.5</td></tr><tr><td>1974-June 19</td><td>1974-Aug. 18</td><td>107</td><td>1,675.1</td><td>900.5</td><td>636.8</td><td>117.7</td><td>-</td><td>-</td><td>-</td></tr></table>
<table><tr><th>Issue date</th><th colspan="2">On total bids accepted -</th><th colspan="4">On competitive bids accepted -</th></tr><tr><th></th><th>Average price per hundred</th><th>Equivalent average rate 3/1</th><th>Price per hundred</th><th>Equivalent rate 3/1</th><th>Price per hundred</th><th>Equivalent rate 3/1</th></tr><tr><td>Regular Series:</td><td colspan="2">(Percent)</td><td colspan="2">(Percent)</td><td colspan="2">(Percent)</td></tr><tr><td>1953-Mar. 5</td><td>99.453</td><td>2.164</td><td>99.500</td><td>1.978</td><td>99.448</td><td>2.184</td></tr><tr><td>Mar. 15</td><td>99.470</td><td>2.098</td><td>99.476 3/</td><td>2.073</td><td>99.468</td><td>2.109</td></tr><tr><td>Mar. 26</td><td>99.457</td><td>2.099</td><td>99.500</td><td>1.978</td><td>99.489</td><td>2.037</td></tr><tr><td>Mar. 26</td><td>99.485</td><td>2.036</td><td>99.582</td><td>1.891</td><td>99.484</td><td>2.041</td></tr><tr><td>Apr. 2</td><td>99.487</td><td>2.089</td><td>99.494</td><td>2.002</td><td>99.498</td><td>2.037</td></tr><tr><td>Apr. 9</td><td>99.476</td><td>2.073</td><td>99.507</td><td>1.950</td><td>99.478</td><td>2.089</td></tr><tr><td>Apr. 26</td><td>99.439</td><td>2.219</td><td>99.494</td><td>2.002</td><td>99.431</td><td>2.251</td></tr><tr><td>Apr. 30</td><td>99.434</td><td>2.230</td><td>99.490</td><td>2.002</td><td>99.410</td><td>2.334</td></tr><tr><td>Apr. 30</td><td>99.433</td><td>2.243</td><td>99.460</td><td>2.136</td><td>99.426</td><td>2.271</td></tr><tr><td>May 7</td><td>99.405</td><td>2.352</td><td>99.450</td><td>2.176</td><td>99.400</td><td>2.374</td></tr><tr><td>May 21</td><td>99.486</td><td>2.271</td><td>99.443</td><td>2.204</td><td>99.423</td><td>2.283</td></tr><tr><td>May 21</td><td>99.471</td><td>2.092</td><td>99.477 3/</td><td>2.069</td><td>99.469</td><td>2.101</td></tr><tr><td>May 28</td><td>99.473</td><td>2.086</td><td>99.502</td><td>1.970</td><td>99.470</td><td>2.097</td></tr><tr><td>June 4</td><td>99.389</td><td>2.416</td><td>99.485</td><td>2.017</td><td>99.345</td><td>2.307</td></tr><tr><td>June 12</td><td>99.423</td><td>2.323</td><td>99.440</td><td>2.035</td><td>99.407</td><td>2.346</td></tr><tr><td>June 18</td><td>99.437</td><td>2.283</td><td>99.444 3/</td><td>2.200</td><td>99.438</td><td>2.247</td></tr><tr><td>June 29</td><td>99.506</td><td>1.994</td><td>99.523</td><td>1.887</td><td>99.450</td><td>2.018</td></tr><tr><td>July 2</td><td>99.468</td><td>2.106</td><td>99.528</td><td>1.883</td><td>99.457</td><td>2.148</td></tr><tr><td>July 9</td><td>99.493</td><td>2.097</td><td>99.499 3/</td><td>1.938</td><td>99.486</td><td>2.033</td></tr><tr><td>July 16</td><td>99.468</td><td>2.106</td><td>99.519</td><td>1.903</td><td>99.469</td><td>2.188</td></tr><tr><td>July 23</td><td>99.462</td><td>2.127</td><td>99.507</td><td>1.930</td><td>99.459</td><td>2.140</td></tr><tr><td>July 30</td><td>99.495</td><td>2.127</td><td>99.494</td><td>2.002</td><td>99.458</td><td>2.168</td></tr><tr><td>Tax Anticipation Series:</td><td colspan="6"></td></tr><tr><td>1952-Nov. 21</td><td>98.983</td><td>1.846</td><td>99.000 3/</td><td>1.724</td><td>98.915</td><td>1.860</td></tr><tr><td>1953-June 3</td><td>99.892</td><td>2.383</td><td>99.479</td><td>1.753</td><td>99.278</td><td>2.443</td></tr></table>
1/ Tenders for $200,000 or less from any one bidder are accepted in full at average price on competitive bids.
2/ Bank discount basis.
3/ Except $200,000 at 99,300.
4/ Except $1,000,000 at 99.700, $1,000,000 at 99.500, and $500,000 at 99.550
5/ Except $800,000 at 99.335 and $200,000 at 99.311.
6/ Except $200,000 at 99.324.
7/ Except $50,000 at 99.250.
P Preliminary.
August 1953
25
DEBT OPERATIONS
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date subscription books were opened</th><th>Date of issue</th><th>Description of security</th><th colspan="2">Period to -</th><th>Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th>Allotment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>First call</th><th>Cash $/ Exchange</th><th>For cash $/ Exchange</th><th>In exchange for other securities</th><th></th></tr><tr><td colspan="9">(In millions of dollars)</td></tr><tr><td>1/20/48</td><td>2/1/48</td><td>1-1/4% Certificate - 5/1/49-8</td><td>1 yr</td><td>.........</td><td>-</td><td>2,199</td><td>-</td><td>2,199</td><td>100</td></tr><tr><td>2/23/48</td><td>3/1/48</td><td>1-1/8% Certificate - 5/1/49-9</td><td>1 yr</td><td>.........</td><td>-</td><td>3,931</td><td>-</td><td>3,931</td><td>100</td></tr><tr><td>3/28/48</td><td>4/1/48</td><td>1-1/4% Certificate - 5/1/49-9</td><td>1 yr</td><td>.........</td><td>-</td><td>1,095</td><td>-</td><td>1,095</td><td>100</td></tr><tr><td>3/19/48</td><td>6/1/48</td><td>1-1/4% Certificate - 6/1/49-8</td><td>1 yr</td><td>.........</td><td>-</td><td>4,301</td><td>-</td><td>4,301</td><td>100</td></tr><tr><td>3/23/48</td><td>6/1/48</td><td>1-1/4% Certificate - 7/1/49-7</td><td>1 yr</td><td>.........</td><td>-</td><td>3,781</td><td>-</td><td>3,781</td><td>100</td></tr><tr><td>9/1/48</td><td>9/15/48</td><td>1-3/8% Note</td><td>6 m</td><td>.........</td><td>-</td><td>3,596</td><td>-</td><td>3,596</td><td>100</td></tr><tr><td>9/20/48</td><td>10/1/48</td><td>1-1/4% Certificate - 10/1/49-9</td><td>1 yr</td><td>.........</td><td>-</td><td>6,535</td><td>-</td><td>6,535</td><td>100</td></tr><tr><td>12/15/48</td><td>12/1/48</td><td>1-1/4% Certificate - 12/1/50-A</td><td>1 yr</td><td>.........</td><td>-</td><td>5,699</td><td>-</td><td>5,699</td><td>100</td></tr><tr><td>1/13/49</td><td>2/1/49</td><td>1-1/4% Certificate - 2/1/50-8</td><td>1 yr</td><td>.........</td><td>-</td><td>1,993</td><td>-</td><td>1,993</td><td>100</td></tr><tr><td>2/15/49</td><td>3/1/49</td><td>1-1/4% Certificate - 3/1/50-9</td><td>1 yr</td><td>.........</td><td>-</td><td>2,968</td><td>-</td><td>2,968</td><td>100</td></tr><tr><td>3/13/49</td><td>4/1/49</td><td>1-1/4% Certificate - 4/1/50-8</td><td>1 yr</td><td>.........</td><td>-</td><td>963</td><td>-</td><td>963</td><td>100</td></tr><tr><td>6/20/49</td><td>7/1/49</td><td>1-1/4% Certificate - 7/1/50-9</td><td>1 yr</td><td>.........</td><td>-</td><td>5,019</td><td>-</td><td>5,019</td><td>100</td></tr><tr><td>6/20/49</td><td>9/1/49</td><td>1-1/4% Certificate - 9/1/50-8</td><td>1 yr</td><td>.........</td><td>-</td><td>5,501</td><td>-</td><td>5,501</td><td>100</td></tr><tr><td>9/20/49</td><td>10/1/49</td><td>1-1/4% Certificate - 10/1/50-9</td><td>1 yr</td><td>.........</td><td>-</td><td>1,197</td><td>-</td><td>1,197</td><td>100</td></tr><tr><td>12/15/49</td><td>12/1/49</td><td>1-3/8% Note</td><td>3 m</td><td>.........</td><td>-</td><td>6,248</td><td>-</td><td>6,248</td><td>100</td></tr><tr><td>1/20/50</td><td>1/1/50</td><td>1-1/4% Certificate - 1/1/51-A</td><td>1 yr</td><td>.........</td><td>-</td><td>4,675</td><td>-</td><td>4,675</td><td>100</td></tr><tr><td>1/20/50</td><td>2/1/50</td><td>1-1/4% Note</td><td>8 m</td><td>.........</td><td>-</td><td>5,373</td><td>-</td><td>5,373</td><td>100</td></tr><tr><td>2/17/50</td><td>3/1/50</td><td>1-1/4% Note</td><td>4 m</td><td>.........</td><td>-</td><td>1,918</td><td>-</td><td>1,918</td><td>100</td></tr><tr><td>2/17/50</td><td>3/1/50</td><td>1-1/4% Note</td><td>5 yr</td><td>.........</td><td>-</td><td>2,741</td><td>-</td><td>2,741</td><td>100</td></tr><tr><td>2/17/50</td><td>3/1/50</td><td>1-1/4% Note</td><td>3 m</td><td>.........</td><td>-</td><td>5,355</td><td>-</td><td>5,355</td><td>100</td></tr><tr><td>3/22/50</td><td>6/1/50</td><td>1-1/4% Note</td><td>1 yr</td><td>.........</td><td>-</td><td>886</td><td>-</td><td>886</td><td>100</td></tr><tr><td>6/21/50</td><td>7/1/50</td><td>1-1/4% Note</td><td>1 yr</td><td>.........</td><td>-</td><td>4,818</td><td>-</td><td>4,818</td><td>100</td></tr><tr><td>6/21/50</td><td>9/1/50</td><td>1-1/4% Note</td><td>1 yr</td><td>.........</td><td>-</td><td>5,351</td><td>-</td><td>5,351</td><td>100</td></tr><tr><td>9/18/50</td><td>10/1/50</td><td>1-1/4% Note</td><td>1 yr</td><td>.........</td><td>-</td><td>5,941</td><td>-</td><td>5,941</td><td>100</td></tr><tr><td>12/1/50</td><td>12/15/50</td><td>1-3/8% Note</td><td>5 yr</td><td>.........</td><td>-</td><td>5,293</td><td>-</td><td>5,293</td><td>100</td></tr><tr><td>8/1/51</td><td>8/1/51</td><td>1-1/4% Note</td><td>5 yr</td><td>.........</td><td>-</td><td>6,894</td><td>-</td><td>6,894</td><td>100</td></tr><tr><td>6/1/51</td><td>6/1/51</td><td>1-1/4% Certificate - 6/1/52-8A</td><td>1 yr</td><td>.........</td><td>-</td><td>1,007 3/7</td><td>-</td><td>1,007 3/7</td><td>100</td></tr><tr><td>7/15/51</td><td>8/1/51</td><td>1-1/4% Certificate - 8/1/52-9</td><td>1 yr</td><td>.........</td><td>-</td><td>9,984</td><td>-</td><td>9,984</td><td>100</td></tr><tr><td>9/1/51</td><td>9/15/51</td><td>1-1/4% Certificate - 8/1/52-9</td><td>11 m</td><td>.........</td><td>-</td><td>5,816</td><td>-</td><td>5,816</td><td>100</td></tr><tr><td>9/1/51</td><td>10/1/51</td><td>1-1/4% Certificate - 10/1/52-8</td><td>11 m</td><td>.........</td><td>-</td><td>889</td><td>-</td><td>889</td><td>100</td></tr><tr><td>10/1/51</td><td>10/1/51</td><td>1-1/4% Certificate - 10/1/52-8</td><td>11 m</td><td>.........</td><td>-</td><td>1,816</td><td>-</td><td>1,816</td><td>100</td></tr><tr><td>10/1/51</td><td>10/1/51</td><td>1-1/4% Note</td><td>5 yr</td><td>.........</td><td>-</td><td>10,961</td><td>-</td><td>10,961</td><td>100</td></tr><tr><td>12/1/51</td><td>12/1/51</td><td>1-1/4% Certificate - 12/1/52-7</td><td>11m</td><td>.........</td><td>-</td><td>250 3/7</td><td>-</td><td>250 3/7</td><td>100</td></tr><tr><td>12/1/51</td><td>12/1/51</td><td>1-1/4% Certificate - 12/1/52-7</td><td>11m</td><td>.........</td><td>-</td><td>1,063</td><td>-</td><td>1,063</td><td>100</td></tr><tr><td>2/13/52</td><td>3/1/52</td><td>1-1/8% Bond</td><td>7 yr</td><td>.........</td><td>5 yr 1/2 m</td><td>.........</td><td>11,659</td><td>.........</td><td>100</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>1-1/4% Certificate - 7/1/53-9</td><td>5 yr</td><td>.........</td><td>-</td><td>8,868</td><td>-</td><td>8,868</td><td>100</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>1-1/4% Note</td><td>5 yr</td><td>.........</td><td>-</td><td>931 3/7</td><td>4,285</td><td>931 3/7</td><td>100</td></tr><tr><td>8/15/52</td><td>8/15/52</td><td>1-1/4% Certificate - 8/15/53-8</td><td>1 yr</td><td>.........</td><td>-</td><td>4,963</td><td>-</td><td>4,963</td><td>100</td></tr><tr><td>9/1/52</td><td>10/1/52</td><td>1-1/4% Certificate - 10/1/53-9</td><td>1 yr</td><td>.........</td><td>-</td><td>2,008 2/7</td><td>-</td><td>2,008 2/7</td><td>100</td></tr><tr><td>9/1/52</td><td>10/1/52</td><td>1-1/4% Note</td><td>2 m</td><td>.........</td><td>-</td><td>10,945</td><td>-</td><td>10,945</td><td>100</td></tr><tr><td>11/17/52</td><td>12/1/52</td><td>1-3/8% Certificate</td><td>9 yr</td><td>.........</td><td>-</td><td>883 2/7</td><td>-</td><td>883 2/7</td><td>100</td></tr><tr><td>2/15/53</td><td>2/15/53</td><td>2-1/4% Certificate - 2/15/54-A</td><td>1 yr</td><td>.........</td><td>-</td><td>8,114</td><td>-</td><td>8,114</td><td>100</td></tr><tr><td>2/15/53</td><td>2/15/53</td><td>2-1/4% Bond</td><td>5 yr</td><td>.........</td><td>10 m</td><td>.........</td><td>830</td><td>.........</td><td>100 5/7</td></tr><tr><td>4/1/53</td><td>4/1/53</td><td>2-1/4% Note</td><td>10 yr</td><td>.........</td><td>.........</td><td>107 3/7</td><td>.........</td><td>107 3/7</td><td>100</td></tr><tr><td>5/1/53</td><td>5/1/53</td><td>1-3/4% Bond</td><td>30 yr</td><td>.........</td><td>10 m</td><td>.........</td><td>1,189 2/7</td><td>.........</td><td>100 8/7</td></tr><tr><td>5/20/53</td><td>6/1/53</td><td>2-1/4% Certificate - 6/1/54-9</td><td>1 yr</td><td>.........</td><td>.........</td><td>4,858</td><td>.........</td><td>4,858</td><td>100</td></tr><tr><td>7/15/53</td><td>7/15/53</td><td>2-1/4% Certificate - 7/15/54-9</td><td>1 yr</td><td>.........</td><td>8 m</td><td>.........</td><td>8,687</td><td>.........</td><td>100 16/7</td></tr><tr><td>8/15/53</td><td>8/15/53</td><td>2-3/8% Certificate - 8/15/54-9</td><td>1 yr</td><td>.........</td><td>.........</td><td>8,687</td><td>.........</td><td>8,687</td><td>100</td></tr><tr><td>8/15/53</td><td>8/15/53</td><td>2-3/8% Certificate - 8/15/54-9</td><td>1 yr</td><td>.........</td><td>.........</td><td>n.a.</td><td>.........</td><td>n.a.</td><td>100</td></tr></table>
Source: Bureau of the Public Debt.
1/ Consists of all public cash subscriptions and subscriptions by U. S. Government securities.
2/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-30, dated April 1, 1951. For certain purposes, these bonds are treated as initially offering see "Treasury Bulletin" for April 1951, page A-1.
3/ Amount shown are as of July 31, 1953. They include exchanges by Federal Reserve Banks on their account amounting to $1,000 million in the case of Series EA-1956, $500 million each in the case of Series 30-1956 and Series 2A-1977, and $714 million in the case of Series 30-1957.
4/ Nonbank subscriptions were allotted in full. Commercial banks' subscriptions were allotted in full. Subscriptions on the open market were also allotted in full. Commercial banks' subscriptions for amounts over $100,000 for their own account were allotted in full.
5/ The 25 certificates dated August 15, 1952, were reopened, with all certificates of the series identical in all respects, as an exchange offering on December 1, 1956. The total amount of these certificates amounted to $2,832 million.
Holders of the 1-7/8% certificate which matured February 15, 1953, were offered a choice of exchanging the securities for either the 3% certificates or for certificates of deposit bearing interest at 3% per annum. The bond offering was made available for exchange of F and G savings bonds maturing from May 1 through December 31, 1953.
To accommodate the exchange, the Treasury authorized up to approximately $1,000 million Nonbank subscriptions in amounts up to and including $5,000 were allotted in full. All other subscriptions were allotted 20% of the subscribed amount. All amounts restricted to an amount not exceeding 5% of their time deposits as of December 31, 1952. The Treasury did not require the return of any lettered amounts of these nonbank Government investment accounts, which subscribed to a total amount of $117,779,000.
All other state and local appreciation certificates which will be accepted at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1954.
Subscriptions in amounts up to and including $100,000 were allotted in full. Subscriptions for amounts over $100,000 were allotted 67% but in no case less than $100,000.
n.d. Not available.
26
Treasury Bulletin
DEBT OPERATIONS
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date of refunding or retirement</th><th colspan="3">Called or maturing security</th><th>Amount out-standing</th><th colspan="2">Disposition offered by Treasury</th><th colspan="2">Results of exchange offers</th><th>Description of new security offered</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th></th><th></th><th>Cash retirement</th><th>Exchange security offered</th><th>Ex changed</th><th>Turned in for cash $/</th><th></th></tr><tr><td>7/1/50</td><td>1-1/4% Certificate -</td><td>7/1/50-7</td><td>7/1/49</td><td>2,601</td><td>-</td><td>5,601</td><td>5,351</td><td>250</td><td>1-1/4% Note -</td></tr><tr><td>9/15/50</td><td>1-1/2% Certificate -</td><td>9/15/50-4</td><td>9/19/49</td><td>1,197</td><td>-</td><td>1,197</td><td>1,039</td><td>158</td><td>8/1/51-8</td></tr><tr><td>2%</td><td>1-1/2% Bond</td><td>9/15/50-92</td><td>9/12/38</td><td>1,186</td><td>-</td><td>1,186</td><td>905</td><td>281</td><td>1-1/4% Note</td></tr><tr><td></td><td>Total</td><td>9/15/50-92</td><td>4/15/43</td><td>4,999</td><td>-</td><td>4,999</td><td>3,997</td><td>942</td><td>- 10/15/51-7</td></tr><tr><td>10/1/50</td><td>1-1/8% Certificate -</td><td>10/1/50-8</td><td>10/1/49</td><td>6,248</td><td>-</td><td>6,248</td><td>5,941</td><td>1,381</td><td>1-1/4% Note</td></tr><tr><td>12/15/50</td><td>1-1/8% Bond</td><td>12/15/50</td><td>6/1/49</td><td>8,615</td><td>-</td><td>8,615</td><td>2,315</td><td>380</td><td>- 11/1/51-0</td></tr><tr><td></td><td>1-1/8% Certificate -</td><td>1/1/51-4</td><td>1/1/50</td><td>5,373</td><td>-</td><td>5,373</td><td>4,338</td><td>834</td><td>1-3/8% Note</td></tr><tr><td></td><td>Total</td><td></td><td></td><td>8,008</td><td>-</td><td>8,008</td><td>6,894</td><td>1,124</td><td>- 12/15/55-8</td></tr><tr><td>4/1/51</td><td>2-3/8% Bond</td><td>6/12/67-72</td><td>6/1/49</td><td>7,967</td><td>-</td><td>7,967</td><td>5,964</td><td>-</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td></td><td>2-3/8% Bond</td><td>12/12/67-72</td><td>11/12/45</td><td>11,689</td><td>-</td><td>11,689</td><td>7,610</td><td>-</td><td></td></tr><tr><td></td><td>Total</td><td></td><td></td><td>19,656</td><td>-</td><td>19,656</td><td>13,574</td><td>-</td><td></td></tr><tr><td>6/15/51</td><td>2-3/8% Bond</td><td>6/12/51-54</td><td>6/12/36</td><td>1,687</td><td>-</td><td>1,687</td><td>1,516</td><td>110</td><td>1-7/8% Certificate -</td></tr><tr><td></td><td>1-1/4% Note</td><td>7/1/51-8</td><td>3/1/50</td><td>2,761</td><td>-</td><td>2,761</td><td>2,607</td><td>134</td><td>4/1/52-4</td></tr><tr><td></td><td>1-1/4% Note</td><td>7/1/51-0</td><td>5/1/50</td><td>386</td><td>-</td><td>386</td><td>351</td><td>55</td><td></td></tr><tr><td></td><td>1-1/4% Note</td><td>7/1/51-0</td><td>6/1/50</td><td>4,018</td><td>-</td><td>4,018</td><td>4,370</td><td>248</td><td></td></tr><tr><td></td><td>Total</td><td></td><td></td><td>10,072</td><td>-</td><td>10,072</td><td>9,324</td><td>548</td><td></td></tr><tr><td>8/1/51</td><td>1-1/4% Note</td><td>8/1/51-8</td><td>7/1/50</td><td>5,331</td><td>-</td><td>5,331</td><td>5,216</td><td>135</td><td>1-7/8% Certificate -</td></tr><tr><td>9/15/51</td><td>3%</td><td>9/15/51-55</td><td>9/12/31</td><td>725</td><td>-</td><td>725</td><td>583</td><td>172</td><td>7/1/52-8</td></tr><tr><td>10/1/51</td><td>1-1/4% Note</td><td>10/1/51-4</td><td>2/1/50</td><td>1,918</td><td>-</td><td>1,918</td><td>1,832</td><td>86</td><td>8/1/52-0</td></tr><tr><td>10/15/51</td><td>1-1/4% Note</td><td>10/15/51-7</td><td>9/12/50</td><td>5,941</td><td>-</td><td>5,941</td><td>5,873</td><td>67</td><td>1-7/8% Certificate -</td></tr><tr><td></td><td>1-1/4% Note</td><td>11/1/51-0</td><td>10/1/50</td><td>5,823</td><td>-</td><td>5,823</td><td>4,968</td><td>865</td><td>10/1/52-7</td></tr><tr><td></td><td>Total</td><td></td><td></td><td>11,194</td><td>-</td><td>11,194</td><td>10,861</td><td>333</td><td></td></tr><tr><td>12/15/51</td><td>2-1/4% Bond</td><td>18/12/51-53</td><td>12/22/39</td><td>1,118</td><td>-</td><td>1,118</td><td>1,063</td><td>55</td><td>1-7/8% Certificate -</td></tr><tr><td>3/1/52</td><td>2-1/8% Bond</td><td>3/12/52-94</td><td>3/31/41</td><td>1,024</td><td>-</td><td>1,024</td><td>927</td><td>97</td><td>12/1/52-7</td></tr><tr><td>3/1/52</td><td>1-7/8% Certificate -</td><td>4/1/52-4</td><td>6/1/51</td><td>9,324</td><td>-</td><td>9,324</td><td>8,868</td><td>656</td><td>2-3/8% Bond</td></tr><tr><td>6/4/52</td><td>2-1/8% Bond</td><td>3/12/69-70</td><td>3/1/44</td><td>5,255</td><td>-</td><td>5,255</td><td>467</td><td>-</td><td>3/12/57-59</td></tr><tr><td></td><td>2-1/8% Bond</td><td>3/12/65-71</td><td>12/1/44</td><td>3,450</td><td>-</td><td>3,450</td><td>512</td><td>-</td><td>1-7/8% Certificate -</td></tr><tr><td></td><td>2-1/8% Bond</td><td>6/12/67-72</td><td>6/1/45</td><td>1,999</td><td>-</td><td>1,999</td><td>100</td><td>-</td><td>8/12/53-4</td></tr><tr><td></td><td>2-1/8% Bond</td><td>12/12/67-72</td><td>11/12/45</td><td>4,072</td><td>-</td><td>4,072</td><td>287</td><td>-</td><td>1-7/8% Treasury Bond, Investment Series B-1975-80 1/</td></tr><tr><td></td><td>Total</td><td></td><td></td><td>14,746</td><td>-</td><td>14,746</td><td>1,306</td><td>-</td><td></td></tr><tr><td>7/1/52</td><td>1-7/8% Certificate -</td><td>7/1/52-8</td><td>8/1/51</td><td>5,216</td><td>-</td><td>5,216</td><td>4,963</td><td>253</td><td>1-7/8% Certificate -</td></tr><tr><td>8/15/52</td><td>1-7/8% Certificate -</td><td>8/15/52-0</td><td>9/12/51</td><td>583</td><td>-</td><td>583</td><td>434</td><td>150</td><td>8/15/53-0</td></tr><tr><td></td><td>1-7/8% Certificate -</td><td>9/1/52-0</td><td>10/1/51</td><td>1,832</td><td>-</td><td>1,832</td><td>1,375</td><td>858</td><td>8%</td></tr><tr><td></td><td>Total</td><td></td><td></td><td>2,416</td><td>-</td><td>2,416</td><td>2,008</td><td>407</td><td>8/15/53-0</td></tr><tr><td>10/1/52</td><td>1-7/8% Certificate -</td><td>10/1/52-8</td><td>10/1/51</td><td>10,861</td><td>-</td><td>10,861</td><td>10,942</td><td>319</td><td>2-1/8% Note</td></tr><tr><td>12/1/52</td><td>1-7/8% Certificate -</td><td>12/1/52-7</td><td>12/1/51</td><td>1,063</td><td>-</td><td>1,063</td><td>873</td><td>190</td><td>2%</td></tr><tr><td>2/15/53</td><td>1-7/8% Certificate -</td><td>2/15/53-4</td><td>3/1/52</td><td>8,868</td><td>-</td><td>8,868</td><td>8,734</td><td>134</td><td>2/1/4% Certificate -</td></tr><tr><td>5/1/53</td><td>1-7/8% Certificate -</td><td>5/1/53-8</td><td>7/1/52</td><td>4,963</td><td>-</td><td>4,963</td><td>4,410</td><td>253 p</td><td>2/1/4% Bond</td></tr><tr><td>6/12/53</td><td>1%</td><td>6/12/53-93</td><td>10/1/40</td><td>725</td><td>-</td><td>725</td><td>448 p</td><td>277 p</td><td>- 12/1/58</td></tr><tr><td></td><td>Total</td><td></td><td></td><td>5,688</td><td>-</td><td>5,688</td><td>4,850 p</td><td>869 p</td><td></td></tr><tr><td>8/15/53</td><td>2%</td><td>8/15/53-0</td><td>8/15/52</td><td>2,882</td><td>-</td><td>2,882</td><td>n.a.</td><td>n.a.</td><td>2-5/8% Certificate -</td></tr></table>
Source: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
3/ These nonmarketable bonds, dated April 1, 1951, and maturing April 1, 1980, are exchangeable for 1-1/2% marketable Treasury notes; see Table 3, footnote 2. In the reopening, the Investment Series
bonds were offered for cash subscriptions as well as exchange, and not less than one quarter of each subcription had to be paid for in cash. b/ The 24 certificates maturing August 15, 1953, were reopened for the December 1 refunding (see Table 3). p. Preliminary. n.e. Not available.
August 1955
27
UNITED STATES SAVINGS BONDS
United States savings bonds were first offered in March 1935 and began to mature in March 1945. Series A-D were sold between March 1935 and the end of April 1941, and Series E, F, and G were first offered in May 1941. When Series E began to mature on May 1, 1951, owners of the matured bonds were offered three options: To redeem the bonds in cash in accordance with the original terms; to retain them with an extended maturity of 10 years at specified rates of interest accrual; or to exchange them for Series G bonds. A number of changes became effective May 1, 1952. The principle ones were: The rate of interest accrual on Series E was increased, especially for the near term, with corresponding changes in extended Series E; and Series F and G were replaced by two new issues, Series J and K, also at higher interest rates. A new current-income
bond, Series H, similar in interest return to Series E, was offered beginning June 1. For details of these changes see "Treasury Bulletin" for May 1952, page A-1. Series F and G began to mature on May 1, 1953. For the exchange offering made to holders of these bonds maturing through December 31, 1953, see the May 1953 issue, page A-1. In the tables which follow, Series A-F and J sales are shown at issue price and total redemptions and amounts outstanding at current redemption values. Series G, H, and K are shown at face value throughout. Matured bonds which have been reefered are included in redemptions. Matured F and G bonds outstanding are included in the interest-bearing debt until all bonds of the annual series have matured, when they are transferred to matured debt upon which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through June 30, 1953
(Dollar amounts in millions)
<table><tr><th>Series</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Redemptions</th><th colspan="2">Amount outstanding</th><th>Redemptions of interest-bearing series as percent of sales plus accrued discount</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Matured debt (Series A-B)</th><th>Interest-bearing debt</th><th></th></tr><tr><td>Total A-B (matured) 1/</td><td>3,949</td><td>1,054</td><td>5,003</td><td>4,912</td><td>91</td><td>-</td><td>-</td></tr><tr><td>Interest-bearing Series E and H...</td><td>69,326</td><td>6,935</td><td>76,261</td><td>40,233 2/</td><td>-</td><td>36,048</td><td>52.73</td></tr><tr><td>Series F, G, J, and K...</td><td>29,007 3/</td><td>622</td><td>29,629</td><td>7,792</td><td>-</td><td>21,837</td><td>26.30</td></tr><tr><td>Total interest-bearing...</td><td>98,333</td><td>7,556</td><td>105,889</td><td>48,024</td><td>-</td><td>57,886</td><td>45.33</td></tr><tr><td>Total A-B</td><td>102,282</td><td>8,611</td><td>110,892</td><td>52,916</td><td>91</td><td>57,886</td><td>-</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U.S. Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Redemptions 3/</th><th>Sales price</th><th>Accrued discount</th><th>Matured debt (Series A-D)</th><th>Interest-bearing debt</th></tr><tr><td colspan="10">Fiscal years:</td></tr><tr><td>1975-1984</td><td>37,883</td><td>990</td><td>38,892</td><td>1,886</td><td>3,947</td><td>39</td><td>17</td><td>-</td><td>15,606</td></tr><tr><td>1984</td><td>14,091</td><td>187</td><td>15,278</td><td>6,998</td><td>4,298</td><td>47</td><td>138</td><td>18</td><td>15,088</td></tr><tr><td>1985</td><td>9,632</td><td>573</td><td>10,198</td><td>6,717</td><td>6,779</td><td>221</td><td>40</td><td>59</td><td>89,033</td></tr><tr><td>1986</td><td>7,208</td><td>692</td><td>7,890</td><td>5,945</td><td>5,328</td><td>268</td><td>346</td><td>73</td><td>51,267</td></tr><tr><td>1987</td><td>6,235</td><td>804</td><td>7,039</td><td>5,133</td><td>4,845</td><td>477</td><td>97</td><td>98</td><td>53,874</td></tr><tr><td>1988</td><td>7,111</td><td>927</td><td>8,068</td><td>5,067</td><td>4,721</td><td>288</td><td>316</td><td>212</td><td>57,572</td></tr><tr><td>1989</td><td>5,673</td><td>1,043</td><td>6,716</td><td>5,102</td><td>5,945</td><td>469</td><td>91</td><td>120</td><td>57,695</td></tr><tr><td>1990</td><td>5,913</td><td>1,149</td><td>6,292</td><td>6,137</td><td>5,609</td><td>348</td><td>92</td><td>120</td><td>57,086</td></tr><tr><td>1991</td><td>3,925</td><td>1,207</td><td>5,132</td><td>5,109</td><td>4,640</td><td>509</td><td>-</td><td>-</td><td>50,361</td></tr><tr><td>1992</td><td>4,562</td><td>1,259</td><td>5,791</td><td>5,521</td><td>5,072</td><td>51</td><td>81</td><td>146</td><td>48,183</td></tr><tr><td colspan="10">Calendar years:</td></tr><tr><td>1975-1984</td><td>45,416</td><td>767</td><td>46,183</td><td>2,882</td><td>5,773</td><td>51</td><td>81</td><td>146</td><td>48,183</td></tr><tr><td>1984</td><td>12,937</td><td>438</td><td>13,421</td><td>5,958</td><td>4,872</td><td>109</td><td>87</td><td>126</td><td>49,776</td></tr><tr><td>1985</td><td>7,421</td><td>640</td><td>8,067</td><td>6,427</td><td>6,243</td><td>337</td><td>109</td><td>186</td><td>55,093</td></tr><tr><td>1986</td><td>6,694</td><td>742</td><td>7,436</td><td>5,920</td><td>4,880</td><td>303</td><td>934</td><td>209</td><td>55,051</td></tr><tr><td>1987</td><td>7,895</td><td>878</td><td>8,167</td><td>5,144</td><td>4,840</td><td>301</td><td>934</td><td>209</td><td>55,019</td></tr><tr><td>1988</td><td>5,813</td><td>981</td><td>6,815</td><td>5,111</td><td>4,108</td><td>317</td><td>501</td><td>158</td><td>57,387</td></tr><tr><td>1989</td><td>6,078</td><td>1,104</td><td>7,178</td><td>5,840</td><td>5,353</td><td>307</td><td>509</td><td>106</td><td>57,940</td></tr><tr><td>1990</td><td>3,961</td><td>1,181</td><td>5,142</td><td>5,631</td><td>5,150</td><td>301</td><td>509</td><td>106</td><td>57,940</td></tr><tr><td>1991</td><td>4,161</td><td>1,280</td><td>5,321</td><td>5,074</td><td>4,369</td><td>309</td><td>106</td><td>106</td><td>57,940</td></tr><tr><td colspan="10">Months:</td></tr><tr><td>1995-July</td><td>367</td><td>121</td><td>488</td><td>168</td><td>421</td><td>46</td><td>118</td><td>57,709</td></tr><tr><td>August</td><td>356</td><td>84</td><td>440</td><td>399</td><td>357</td><td>42</td><td>115</td><td>57,752</td></tr><tr><td>September</td><td>330</td><td>99</td><td>419</td><td>417</td><td>376</td><td>41</td><td>112</td><td>57,758</td></tr><tr><td>October</td><td>346</td><td>83</td><td>431</td><td>398</td><td>395</td><td>43</td><td>109</td><td>57,794</td></tr><tr><td>November</td><td>303</td><td>98</td><td>401</td><td>346</td><td>311</td><td>35</td><td>107</td><td>57,890</td></tr><tr><td>December</td><td>375</td><td>134</td><td>510</td><td>422</td><td>381</td><td>41</td><td>106</td><td>57,940</td></tr><tr><td>1995-January</td><td>504</td><td>122</td><td>627</td><td>435</td><td>392</td><td>43</td><td>103</td><td>58,134</td></tr><tr><td>February</td><td>414</td><td>86</td><td>500</td><td>369</td><td>321</td><td>48</td><td>100</td><td>58,256</td></tr><tr><td>March</td><td>440</td><td>91</td><td>531</td><td>430</td><td>382</td><td>48</td><td>98</td><td>58,371</td></tr><tr><td>April</td><td>383</td><td>89</td><td>467</td><td>427</td><td>382</td><td>45</td><td>96</td><td>58,413</td></tr><tr><td>May</td><td>372</td><td>101</td><td>478</td><td>368</td><td>308</td><td>99</td><td>93</td><td>57,980</td></tr><tr><td>June</td><td>370</td><td>135</td><td>505</td><td>342</td><td>467</td><td>56</td><td>92</td><td>57,566</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U. S. Footnotes at end of Table 4.
28
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
(Dollar amounts in millions)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Resdemptions 3/ price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th><th>Monthly redemptions as percent of amount outstanding</th></tr><tr><td colspan="9">Series E and K combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1943</td><td>12,001</td><td>15</td><td>12,016</td><td>789</td><td>748</td><td>1</td><td>11,687</td><td>-</td></tr><tr><td>1944</td><td>11,920</td><td>111,933</td><td>11,813</td><td>3,096</td><td>2,100</td><td>5</td><td>91,825</td><td>-</td></tr><tr><td>1945</td><td>11,973</td><td>265</td><td>7,173</td><td>5,912</td><td>3,983</td><td>69</td><td>30,758</td><td>-</td></tr><tr><td>1946</td><td>5,739</td><td>434</td><td>4,844</td><td>4,121</td><td>5,883</td><td>103</td><td>30,791</td><td>-</td></tr><tr><td>1947</td><td>4,287</td><td>516</td><td>4,956</td><td>3,825</td><td>3,689</td><td>136</td><td>31,625</td><td>-</td></tr><tr><td>1948</td><td>4,085</td><td>633</td><td>5,028</td><td>3,330</td><td>3,168</td><td>162</td><td>33,127</td><td>-</td></tr><tr><td>1949</td><td>4,278</td><td>753</td><td>5,002</td><td>3,321</td><td>3,325</td><td>195</td><td>34,494</td><td>-</td></tr><tr><td>1950</td><td>3,993</td><td>805</td><td>4,307</td><td>4,299</td><td>3,987</td><td>307</td><td>34,506</td><td>-</td></tr><tr><td>1951</td><td>3,872</td><td>1,015</td><td>4,407</td><td>4,003</td><td>3,583</td><td>425</td><td>34,909</td><td>-</td></tr><tr><td>1952</td><td>3,296</td><td>1,111</td><td>5,131</td><td>4,018</td><td>3,532 p</td><td>906 p</td><td>36,043</td><td>-</td></tr><tr><td>1953</td><td>4,061</td><td>1,120</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1943</td><td>17,478</td><td>80</td><td>17,558</td><td>1,601</td><td>1,598</td><td>2</td><td>15,997</td><td>-</td></tr><tr><td>1944</td><td>13,390</td><td>182</td><td>13,572</td><td>3,009</td><td>2,993</td><td>11</td><td>29,533</td><td>-</td></tr><tr><td>1945</td><td>9,882</td><td>303</td><td>10,177</td><td>4,963</td><td>4,965</td><td>18</td><td>30,787</td><td>-</td></tr><tr><td>1946</td><td>8,466</td><td>493</td><td>4,959</td><td>5,483</td><td>5,130</td><td>93</td><td>30,863</td><td>-</td></tr><tr><td>1947</td><td>4,085</td><td>579</td><td>4,664</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td><td>-</td></tr><tr><td>1948</td><td>4,294</td><td>698</td><td>4,992</td><td>3,789</td><td>3,779</td><td>134</td><td>32,188</td><td>-</td></tr><tr><td>1949</td><td>3,208</td><td>818</td><td>5,025</td><td>3,448</td><td>3,278</td><td>174</td><td>33,766</td><td>-</td></tr><tr><td>1950</td><td>3,668</td><td>971</td><td>4,639</td><td>3,312</td><td>3,667</td><td>245</td><td>34,403</td><td>-</td></tr><tr><td>1951</td><td>3,190</td><td>1,080</td><td>4,270</td><td>4,016</td><td>3,630</td><td>343</td><td>34,757</td><td>-</td></tr><tr><td>1952</td><td>3,575</td><td>1,120</td><td>4,694</td><td>4,098</td><td>3,622</td><td>476</td><td>35,328</td><td>-</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>316</td><td>107</td><td>422</td><td>377</td><td>334</td><td>44</td><td>34,950</td><td>1.08</td></tr><tr><td>August</td><td>309</td><td>78</td><td>387</td><td>313</td><td>279</td><td>40</td><td>35,019</td><td>.91</td></tr><tr><td>September</td><td>390</td><td>81</td><td>373</td><td>337</td><td>299</td><td>38</td><td>35,095</td><td>.96</td></tr><tr><td>October</td><td>310</td><td>76</td><td>386</td><td>329</td><td>288</td><td>41</td><td>35,116</td><td>.93</td></tr><tr><td>November</td><td>272</td><td>91</td><td>362</td><td>272</td><td>239</td><td>33</td><td>35,206</td><td>.77</td></tr><tr><td>December</td><td>334</td><td>123</td><td>456</td><td>338</td><td>299</td><td>39</td><td>35,304</td><td>.96</td></tr><tr><td>1953-January</td><td>441</td><td>108</td><td>549</td><td>361</td><td>320</td><td>41</td><td>35,218</td><td>.92</td></tr><tr><td>February</td><td>358</td><td>80</td><td>442</td><td>396</td><td>251</td><td>45</td><td>35,657</td><td>.83</td></tr><tr><td>March</td><td>397</td><td>86</td><td>481</td><td>354</td><td>308</td><td>66</td><td>35,708</td><td>.99</td></tr><tr><td>April</td><td>351</td><td>78</td><td>429</td><td>361</td><td>338</td><td>43</td><td>35,892</td><td>1.01</td></tr><tr><td>May</td><td>340</td><td>91</td><td>431</td><td>344</td><td>294 p</td><td>70 p</td><td>35,939</td><td>.96</td></tr><tr><td>June</td><td>340</td><td>123</td><td>463</td><td>354</td><td>307 p</td><td>67 p</td><td>36,043</td><td>.98</td></tr><tr><td colspan="9">Series F, G, J, and K combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1943</td><td>6,446</td><td>3</td><td>6,448</td><td>87</td><td>87</td><td>*</td><td>6,366</td><td>-</td></tr><tr><td>1944</td><td>3,670</td><td>9</td><td>3,687</td><td>132</td><td>131</td><td>*</td><td>9,857</td><td>-</td></tr><tr><td>1945</td><td>3,317</td><td>19</td><td>3,336</td><td>130</td><td>309</td><td>1</td><td>12,901</td><td>-</td></tr><tr><td>1946</td><td>2,873</td><td>33</td><td>2,905</td><td>497</td><td>494</td><td>3</td><td>15,318</td><td>-</td></tr><tr><td>1947</td><td>2,960</td><td>47</td><td>2,968</td><td>672</td><td>666</td><td>6</td><td>17,638</td><td>-</td></tr><tr><td>1948</td><td>2,509</td><td>61</td><td>2,570</td><td>778</td><td>764</td><td>9</td><td>19,109</td><td>-</td></tr><tr><td>1949</td><td>2,963</td><td>73</td><td>2,915</td><td>839</td><td>823</td><td>12</td><td>21,805</td><td>-</td></tr><tr><td>1950</td><td>1,630</td><td>83</td><td>1,763</td><td>821</td><td>821</td><td>14</td><td>22,141</td><td>-</td></tr><tr><td>1951</td><td>3,971</td><td>90</td><td>1,961</td><td>1,042</td><td>1,001</td><td>21</td><td>23,066</td><td>-</td></tr><tr><td>1952</td><td>669</td><td>56</td><td>725</td><td>1,012</td><td>990</td><td>21</td><td>22,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,528</td><td>1,517 p</td><td>35 p</td><td>21,837</td><td>-</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1943</td><td>7,945</td><td>6</td><td>7,952</td><td>163</td><td>162</td><td>*</td><td>7,789</td><td>-</td></tr><tr><td>1944</td><td>3,656</td><td>13</td><td>3,678</td><td>259</td><td>258</td><td>1</td><td>11,008</td><td>-</td></tr><tr><td>1945</td><td>3,115</td><td>25</td><td>3,140</td><td>170</td><td>168</td><td>1</td><td>13,979</td><td>-</td></tr><tr><td>1946</td><td>2,562</td><td>40</td><td>3,002</td><td>515</td><td>511</td><td>4</td><td>16,346</td><td>-</td></tr><tr><td>1947</td><td>2,609</td><td>74</td><td>2,663</td><td>712</td><td>708</td><td>7</td><td>18,114</td><td>-</td></tr><tr><td>1948</td><td>3,071</td><td>67</td><td>3,139</td><td>940</td><td>829</td><td>11</td><td>20,613</td><td>-</td></tr><tr><td>1949</td><td>1,685</td><td>78</td><td>1,708</td><td>815</td><td>801</td><td>12</td><td>21,501</td><td>-</td></tr><tr><td>1950</td><td>2,605</td><td>87</td><td>2,493</td><td>905</td><td>888</td><td>17</td><td>23,099</td><td>-</td></tr><tr><td>1951</td><td>770</td><td>93</td><td>863</td><td>1,093</td><td>1,071</td><td>22</td><td>22,892</td><td>-</td></tr><tr><td>1952</td><td>396</td><td>100</td><td>686</td><td>989</td><td>900</td><td>21</td><td>22,616</td><td>-</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>32</td><td>14</td><td>66</td><td>97</td><td>95</td><td>2</td><td>22,759</td><td>.38</td></tr><tr><td>August</td><td>47</td><td>6</td><td>53</td><td>77</td><td>75</td><td>2</td><td>22,734</td><td>.34</td></tr><tr><td>September</td><td>39</td><td>6</td><td>45</td><td>76</td><td>75</td><td>2</td><td>22,704</td><td>.34</td></tr><tr><td>October</td><td>38</td><td>7</td><td>45</td><td>70</td><td>69</td><td>2</td><td>22,678</td><td>.31</td></tr><tr><td>November</td><td>32</td><td>7</td><td>39</td><td>72</td><td>70</td><td>2</td><td>22,643</td><td>.32</td></tr><tr><td>December</td><td>42</td><td>12</td><td>53</td><td>86</td><td>80</td><td>2</td><td>22,616</td><td>.36</td></tr><tr><td>1953-January</td><td>64</td><td>15</td><td>78</td><td>72</td><td>70</td><td>2</td><td>22,683</td><td>.32</td></tr><tr><td>February</td><td>56</td><td>6</td><td>58</td><td>70</td><td>68</td><td>3</td><td>22,611</td><td>.31</td></tr><tr><td>March</td><td>43</td><td>7</td><td>50</td><td>74</td><td>72</td><td>2</td><td>22,571</td><td>.33</td></tr><tr><td>April</td><td>31</td><td>7</td><td>39</td><td>64</td><td>62</td><td>1</td><td>22,561</td><td>.28</td></tr><tr><td>May</td><td>31</td><td>10</td><td>41</td><td>621</td><td>612 p</td><td>9 p</td><td>21,983</td><td>2.83</td></tr><tr><td>June</td><td>30</td><td>12</td><td>42</td><td>106</td><td>175 p</td><td>8 p</td><td>21,837</td><td>.85</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
August 1955
29
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 2/ 3/</th><th>Amount outstanding (interest-bearing left)</th></tr><tr><th></th><th></th><th></th><th>Series II</th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th></th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941 and 1942</td><td>3,729</td><td>1</td><td>3,731</td><td>60</td><td>60</td><td>*</td><td>3,671</td></tr><tr><td>1943</td><td>8,271</td><td>33</td><td>8,304</td><td>689</td><td>688</td><td>1</td><td>11,287</td></tr><tr><td>1944</td><td>11,860</td><td>118</td><td>11,978</td><td>8,109</td><td>8,095</td><td>2</td><td>21,125</td></tr><tr><td>1945</td><td>11,733</td><td>895</td><td>11,618</td><td>3,986</td><td>3,985</td><td>20</td><td>89,097</td></tr><tr><td>1946</td><td>6,739</td><td>434</td><td>7,173</td><td>5,928</td><td>5,886</td><td>69</td><td>10,358</td></tr><tr><td>1947</td><td>4,287</td><td>236</td><td>4,523</td><td>4,321</td><td>4,288</td><td>103</td><td>30,791</td></tr><tr><td>1948</td><td>4,096</td><td>613</td><td>4,709</td><td>3,829</td><td>3,699</td><td>136</td><td>11,125</td></tr><tr><td>1949</td><td>4,278</td><td>753</td><td>5,032</td><td>3,330</td><td>3,368</td><td>162</td><td>33,127</td></tr><tr><td>1950</td><td>3,993</td><td>895</td><td>4,887</td><td>3,262</td><td>3,366</td><td>199</td><td>34,634</td></tr><tr><td>1951</td><td>3,278</td><td>1,019</td><td>4,297</td><td>4,299</td><td>4,297</td><td>307</td><td>34,506</td></tr><tr><td>1952</td><td>3,866</td><td>1,111</td><td>4,977</td><td>4,008</td><td>3,583</td><td>425</td><td>34,875</td></tr><tr><td>1953</td><td>3,700</td><td>1,120</td><td>4,821</td><td>4,032</td><td>3,566</td><td>506</td><td>35,664</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941 and 1942</td><td>7,134</td><td>10</td><td>7,144</td><td>280</td><td>280</td><td>*</td><td>6,923</td></tr><tr><td>1943</td><td>10,344</td><td>70</td><td>10,414</td><td>1,330</td><td>1,378</td><td>2</td><td>15,927</td></tr><tr><td>1944</td><td>12,180</td><td>182</td><td>12,362</td><td>3,003</td><td>2,993</td><td>111</td><td>29,185</td></tr><tr><td>1945</td><td>9,982</td><td>353</td><td>10,375</td><td>4,963</td><td>4,965</td><td>38</td><td>30,767</td></tr><tr><td>1946</td><td>4,466</td><td>493</td><td>4,959</td><td>5,423</td><td>5,330</td><td>93</td><td>30,663</td></tr><tr><td>1947</td><td>4,089</td><td>979</td><td>4,666</td><td>3,930</td><td>3,813</td><td>116</td><td>10,097</td></tr><tr><td>1948</td><td>4,284</td><td>696</td><td>4,980</td><td>3,788</td><td>3,575</td><td>134</td><td>32,168</td></tr><tr><td>1949</td><td>4,208</td><td>818</td><td>5,026</td><td>3,448</td><td>3,274</td><td>174</td><td>33,766</td></tr><tr><td>1950</td><td>3,668</td><td>972</td><td>4,639</td><td>3,932</td><td>3,667</td><td>264</td><td>34,943</td></tr><tr><td>1951</td><td>3,190</td><td>1,080</td><td>4,270</td><td>4,036</td><td>3,688</td><td>348</td><td>34,767</td></tr><tr><td>1952</td><td>3,393</td><td>1,120</td><td>4,513</td><td>4,098</td><td>3,682</td><td>476</td><td>35,143</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>280</td><td>107</td><td>386</td><td>377</td><td>334</td><td>44</td><td>34,886</td></tr><tr><td>August</td><td>288</td><td>78</td><td>360</td><td>330</td><td>279</td><td>40</td><td>34,965</td></tr><tr><td>September</td><td>267</td><td>83</td><td>350</td><td>337</td><td>299</td><td>38</td><td>34,939</td></tr><tr><td>October</td><td>286</td><td>76</td><td>361</td><td>325</td><td>284</td><td>41</td><td>34,976</td></tr><tr><td>November</td><td>291</td><td>91</td><td>344</td><td>372</td><td>259</td><td>33</td><td>35,048</td></tr><tr><td>December</td><td>310</td><td>123</td><td>431</td><td>338</td><td>299</td><td>39</td><td>35,143</td></tr><tr><td>1953-January</td><td>397</td><td>108</td><td>503</td><td>361</td><td>380</td><td>41</td><td>35,287</td></tr><tr><td>February</td><td>359</td><td>50</td><td>408</td><td>329</td><td>390</td><td>43</td><td>35,400</td></tr><tr><td>March</td><td>359</td><td>94</td><td>443</td><td>336</td><td>306</td><td>46</td><td>35,421</td></tr><tr><td>April</td><td>330</td><td>78</td><td>397</td><td>360</td><td>317</td><td>43</td><td>35,382</td></tr><tr><td>May</td><td>309</td><td>91</td><td>400</td><td>343</td><td>293</td><td>50</td><td>35,393</td></tr><tr><td>June</td><td>309</td><td>123</td><td>432</td><td>333</td><td>306</td><td>47</td><td>35,664</td></tr><tr><td colspan="8">Series II 1/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>30</td><td>-</td><td>30</td><td>6</td><td>6</td><td>-</td><td>30</td></tr><tr><td>1953</td><td>360</td><td>-</td><td>360</td><td>6</td><td>6</td><td>-</td><td>389</td></tr><tr><td>Calendar year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>180</td><td>-</td><td>180</td><td>*</td><td>-</td><td>-</td><td>181</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>36</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>66</td></tr><tr><td>August</td><td>87</td><td>-</td><td>87</td><td>*</td><td>*</td><td>-</td><td>19</td></tr><tr><td>September</td><td>83</td><td>-</td><td>83</td><td>*</td><td>*</td><td>-</td><td>413</td></tr><tr><td>October</td><td>84</td><td>-</td><td>84</td><td>*</td><td>*</td><td>-</td><td>156</td></tr><tr><td>November</td><td>18</td><td>-</td><td>18</td><td>*</td><td>*</td><td>-</td><td>181</td></tr><tr><td>December</td><td>84</td><td>-</td><td>84</td><td>*</td><td>*</td><td>-</td><td>284</td></tr><tr><td>1953-January</td><td>43</td><td>-</td><td>43</td><td>*</td><td>*</td><td>-</td><td>227</td></tr><tr><td>February</td><td>34</td><td>-</td><td>34</td><td>1</td><td>1</td><td>-</td><td>894</td></tr><tr><td>March</td><td>37</td><td>-</td><td>37</td><td>1</td><td>1</td><td>-</td><td>328</td></tr><tr><td>April</td><td>36</td><td>-</td><td>36</td><td>1</td><td>1</td><td>-</td><td>284</td></tr><tr><td>May</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>385</td></tr><tr><td>June</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>385</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
30
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><td colspan="8">Series F ½</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941 and 1942</td><td>502</td><td>*</td><td>502</td><td>3</td><td>3</td><td>*</td><td>499</td></tr><tr><td>1943</td><td>798</td><td>2</td><td>760</td><td>17</td><td>17</td><td>*</td><td>1,442</td></tr><tr><td>1944</td><td>802</td><td>9</td><td>811</td><td>58</td><td>57</td><td>*</td><td>1,996</td></tr><tr><td>1945</td><td>679</td><td>19</td><td>658</td><td>89</td><td>88</td><td>1</td><td>8,604</td></tr><tr><td>1946</td><td>407</td><td>33</td><td>440</td><td>149</td><td>147</td><td>3</td><td>2,495</td></tr><tr><td>1947</td><td>360</td><td>61</td><td>362</td><td>205</td><td>198</td><td>6</td><td>3,099</td></tr><tr><td>1948</td><td>473</td><td>73</td><td>545</td><td>216</td><td>204</td><td>9</td><td>3,255</td></tr><tr><td>1949</td><td>831</td><td>85</td><td>314</td><td>199</td><td>185</td><td>14</td><td>3,589</td></tr><tr><td>1950</td><td>347</td><td>90</td><td>337</td><td>248</td><td>227</td><td>21</td><td>3,889</td></tr><tr><td>1951</td><td>97</td><td>95</td><td>193</td><td>289</td><td>207</td><td>21</td><td>3,973</td></tr><tr><td>1952</td><td>*</td><td>108</td><td>108</td><td>256</td><td>221</td><td>34</td><td>3,705</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941 and 1942</td><td>660</td><td>2</td><td>661</td><td>7</td><td>7</td><td>*</td><td>594</td></tr><tr><td>1943</td><td>789</td><td>3</td><td>750</td><td>35</td><td>35</td><td>*</td><td>1,569</td></tr><tr><td>1944</td><td>773</td><td>13</td><td>786</td><td>77</td><td>77</td><td>1</td><td>8,278</td></tr><tr><td>1945</td><td>595</td><td>25</td><td>621</td><td>106</td><td>104</td><td>1</td><td>8,793</td></tr><tr><td>1946</td><td>352</td><td>40</td><td>359</td><td>189</td><td>185</td><td>4</td><td>8,299</td></tr><tr><td>1947</td><td>342</td><td>54</td><td>396</td><td>203</td><td>195</td><td>7</td><td>3,168</td></tr><tr><td>1948</td><td>468</td><td>67</td><td>566</td><td>222</td><td>211</td><td>11</td><td>3,505</td></tr><tr><td>1949</td><td>833</td><td>78</td><td>311</td><td>202</td><td>189</td><td>12</td><td>3,615</td></tr><tr><td>1950</td><td>417</td><td>87</td><td>503</td><td>223</td><td>206</td><td>17</td><td>3,895</td></tr><tr><td>1951</td><td>124</td><td>93</td><td>217</td><td>259</td><td>237</td><td>22</td><td>3,493</td></tr><tr><td>1952</td><td>16</td><td>100</td><td>146</td><td>190</td><td>169</td><td>21</td><td>3,909</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>*</td><td>14</td><td>14</td><td>18</td><td>16</td><td>2</td><td>3,849</td></tr><tr><td>August</td><td>*</td><td>6</td><td>6</td><td>17</td><td>15</td><td>2</td><td>3,838</td></tr><tr><td>September</td><td>*</td><td>6</td><td>6</td><td>16</td><td>14</td><td>2</td><td>3,859</td></tr><tr><td>October</td><td>*</td><td>7</td><td>7</td><td>14</td><td>12</td><td>2</td><td>3,822</td></tr><tr><td>November</td><td>*</td><td>7</td><td>7</td><td>16</td><td>14</td><td>2</td><td>3,813</td></tr><tr><td>December</td><td>*</td><td>12</td><td>12</td><td>16</td><td>14</td><td>2</td><td>3,809</td></tr><tr><td>1953-January</td><td>*</td><td>15</td><td>15</td><td>14</td><td>12</td><td>2</td><td>3,810</td></tr><tr><td>February</td><td>*</td><td>6</td><td>6</td><td>14</td><td>12</td><td>2</td><td>3,808</td></tr><tr><td>March</td><td>*</td><td>7</td><td>7</td><td>14</td><td>12</td><td>2</td><td>3,795</td></tr><tr><td>April</td><td>*</td><td>7</td><td>7</td><td>12</td><td>10</td><td>1</td><td>3,790</td></tr><tr><td>May</td><td>*</td><td>10</td><td>10</td><td>65</td><td>26 p</td><td>9 p</td><td>3,736</td></tr><tr><td>June</td><td>*</td><td>12</td><td>12</td><td>42</td><td>35 p</td><td>6 p</td><td>3,705</td></tr><tr><td colspan="8">Series J 6/8</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>24</td><td>-</td><td>24</td><td>-</td><td>-</td><td>-</td><td>24</td></tr><tr><td>1953</td><td>129</td><td>1</td><td>129</td><td>2</td><td>2</td><td>*</td><td>152</td></tr><tr><td>Calendar year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>83</td><td>*</td><td>83</td><td>*</td><td>*</td><td>*</td><td>83</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>9</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>33</td></tr><tr><td>August</td><td>11</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>32</td></tr><tr><td>September</td><td>9</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>33</td></tr><tr><td>October</td><td>10</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>63</td></tr><tr><td>November</td><td>9</td><td>*</td><td>9</td><td>*</td><td>*</td><td>*</td><td>78</td></tr><tr><td>December</td><td>11</td><td>*</td><td>11</td><td>*</td><td>*</td><td>*</td><td>83</td></tr><tr><td>1953-January</td><td>16</td><td>*</td><td>16</td><td>*</td><td>*</td><td>*</td><td>98</td></tr><tr><td>February</td><td>13</td><td>*</td><td>14</td><td>*</td><td>*</td><td>*</td><td>111</td></tr><tr><td>March</td><td>12</td><td>*</td><td>12</td><td>*</td><td>*</td><td>*</td><td>123</td></tr><tr><td>April</td><td>10</td><td>*</td><td>10</td><td>*</td><td>*</td><td>*</td><td>133</td></tr><tr><td>May</td><td>9</td><td>*</td><td>9</td><td>*</td><td>*</td><td>*</td><td>142</td></tr><tr><td>June</td><td>10</td><td>*</td><td>10</td><td>1</td><td>*</td><td>*</td><td>152</td></tr></table>
Footnotes at end of Table 4
(Continued on following page)
August 1953
31
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
<table><tr><th>Period</th><th>Sales 2/</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><td colspan="8">Series G 2/</td></tr><tr><th>Fiscal years:</th><td></td><td></td><td></td><th>Redemptions</th><th></th><th></th><th></th></tr><tr><td>1941 and 1942</td><td>2,487</td><td>-</td><td>2,487</td><td>12</td><td>12</td><td>-</td><td>2,415</td></tr><tr><td>1943</td><td>2,759</td><td>-</td><td>2,759</td><td>75</td><td>55</td><td>-</td><td>5,139</td></tr><tr><td>1944</td><td>2,876</td><td>-</td><td>2,876</td><td>134</td><td>134</td><td>-</td><td>7,861</td></tr><tr><td>1945</td><td>2,658</td><td>-</td><td>2,658</td><td>280</td><td>280</td><td>-</td><td>10,899</td></tr><tr><td>1946</td><td>2,469</td><td>-</td><td>2,469</td><td>348</td><td>348</td><td>-</td><td>12,416</td></tr><tr><td>1947</td><td>2,561</td><td>-</td><td>2,561</td><td>469</td><td>469</td><td>-</td><td>14,908</td></tr><tr><td>1948</td><td>1,907</td><td>-</td><td>1,907</td><td>566</td><td>566</td><td>-</td><td>15,890</td></tr><tr><td>1949</td><td>2,130</td><td>-</td><td>2,130</td><td>639</td><td>639</td><td>-</td><td>17,631</td></tr><tr><td>1950</td><td>1,449</td><td>-</td><td>1,449</td><td>621</td><td>621</td><td>-</td><td>18,448</td></tr><tr><td>1951</td><td>1,283</td><td>-</td><td>1,283</td><td>794</td><td>794</td><td>-</td><td>19,177</td></tr><tr><td>1952</td><td>422</td><td>-</td><td>422</td><td>783</td><td>783</td><td>-</td><td>18,816</td></tr><tr><td>1953</td><td>*</td><td>-</td><td>*</td><td>1,289</td><td>1,289</td><td>-</td><td>17,528</td></tr><tr><th>Calendar years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941 and 1942</td><td>3,701</td><td>-</td><td>3,701</td><td>31</td><td>31</td><td>-</td><td>3,669</td></tr><tr><td>1943</td><td>2,640</td><td>-</td><td>2,640</td><td>89</td><td>89</td><td>-</td><td>6,221</td></tr><tr><td>1944</td><td>2,891</td><td>-</td><td>2,891</td><td>181</td><td>181</td><td>-</td><td>6,931</td></tr><tr><td>1945</td><td>2,580</td><td>-</td><td>2,580</td><td>264</td><td>264</td><td>-</td><td>11,186</td></tr><tr><td>1946</td><td>2,637</td><td>-</td><td>2,637</td><td>426</td><td>426</td><td>-</td><td>13,397</td></tr><tr><td>1947</td><td>2,267</td><td>-</td><td>2,267</td><td>512</td><td>512</td><td>-</td><td>15,158</td></tr><tr><td>1948</td><td>2,573</td><td>-</td><td>2,573</td><td>618</td><td>618</td><td>-</td><td>17,108</td></tr><tr><td>1949</td><td>1,392</td><td>-</td><td>1,392</td><td>613</td><td>613</td><td>-</td><td>17,087</td></tr><tr><td>1950</td><td>1,990</td><td>-</td><td>1,990</td><td>682</td><td>682</td><td>-</td><td>19,194</td></tr><tr><td>1951</td><td>646</td><td>-</td><td>646</td><td>834</td><td>834</td><td>-</td><td>19,006</td></tr><tr><td>1952</td><td>181</td><td>-</td><td>181</td><td>739</td><td>739</td><td>-</td><td>18,448</td></tr><tr><th>Months:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>*</td><td>-</td><td>*</td><td>69</td><td>69</td><td>-</td><td>15,768</td></tr><tr><td>August</td><td>*</td><td>-</td><td>*</td><td>60</td><td>60</td><td>-</td><td>15,697</td></tr><tr><td>September</td><td>*</td><td>-</td><td>*</td><td>61</td><td>61</td><td>-</td><td>15,627</td></tr><tr><td>October</td><td>*</td><td>-</td><td>*</td><td>57</td><td>57</td><td>-</td><td>15,570</td></tr><tr><td>November</td><td>-</td><td>-</td><td>-</td><td>56</td><td>56</td><td>-</td><td>15,514</td></tr><tr><td>December</td><td>-</td><td>-</td><td>-</td><td>66</td><td>66</td><td>-</td><td>15,448</td></tr><tr><td>1953-January</td><td>*</td><td>-</td><td>*</td><td>58</td><td>58</td><td>-</td><td>15,390</td></tr><tr><td>February</td><td>*</td><td>-</td><td>*</td><td>56</td><td>56</td><td>-</td><td>15,334</td></tr><tr><td>March</td><td>-</td><td>-</td><td>-</td><td>59</td><td>59</td><td>-</td><td>15,275</td></tr><tr><td>April</td><td>-</td><td>-</td><td>-</td><td>51</td><td>51</td><td>-</td><td>15,224</td></tr><tr><td>May</td><td>-</td><td>-</td><td>-</td><td>52</td><td>52</td><td>-</td><td>17,669</td></tr><tr><td>June</td><td>-</td><td>-</td><td>-</td><td>101</td><td>101</td><td>-</td><td>17,568</td></tr><tr><td colspan="8">Series K 3/</td></tr><tr><th>Fiscal year:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>86</td><td>-</td><td>86</td><td>-</td><td>-</td><td>-</td><td>86</td></tr><tr><td>1953</td><td>373</td><td>-</td><td>373</td><td>6</td><td>6</td><td>-</td><td>453</td></tr><tr><th>Calendar year:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>277</td><td>-</td><td>277</td><td>*</td><td>*</td><td>-</td><td>277</td></tr><tr><th>Months:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952-July</td><td>43</td><td>-</td><td>43</td><td>-</td><td>-</td><td>-</td><td>128</td></tr><tr><td>August</td><td>37</td><td>-</td><td>37</td><td>*</td><td>*</td><td>-</td><td>165</td></tr><tr><td>September</td><td>30</td><td>-</td><td>30</td><td>*</td><td>*</td><td>-</td><td>195</td></tr><tr><td>October</td><td>28</td><td>-</td><td>28</td><td>*</td><td>*</td><td>-</td><td>223</td></tr><tr><td>November</td><td>23</td><td>-</td><td>23</td><td>*</td><td>*</td><td>-</td><td>246</td></tr><tr><td>December</td><td>31</td><td>-</td><td>31</td><td>*</td><td>*</td><td>-</td><td>277</td></tr><tr><td>1953-January</td><td>48</td><td>-</td><td>48</td><td>*</td><td>*</td><td>-</td><td>352</td></tr><tr><td>February</td><td>39</td><td>-</td><td>39</td><td>*</td><td>*</td><td>-</td><td>353</td></tr><tr><td>March</td><td>32</td><td>-</td><td>32</td><td>1</td><td>1</td><td>-</td><td>394</td></tr><tr><td>April</td><td>21</td><td>-</td><td>21</td><td>1</td><td>1</td><td>-</td><td>414</td></tr><tr><td>May</td><td>22</td><td>-</td><td>22</td><td>2</td><td>2</td><td>-</td><td>435</td></tr><tr><td>June</td><td>20</td><td>-</td><td>20</td><td>2</td><td>2</td><td>-</td><td>453</td></tr></table><p>Source: Daily Treasury Statement; Office of the Treasurer of the U. S.</p>
Footnotes at end of Table 4.
32
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th>Period 1/</th><th>Total</th><th colspan="4">Matured bonds</th><th colspan="4">Unmatured bonds $/</th></tr><tr><th></th><th></th><th>Total matured</th><th>Series A-D</th><th>Total</th><th>For cash</th><th>Series F and G</th><th>Total unmatured</th><th>Sale price</th><th>Accrued discount</th></tr><tr><td colspan="10">Fiscal years:</td></tr><tr><td>1951</td><td>6,137</td><td>817</td><td>779</td><td>38</td><td>37</td><td>1</td><td>5,320</td><td>4,996</td><td>328</td></tr><tr><td>1952</td><td>5,109</td><td>792</td><td>90</td><td>708</td><td>694</td><td>9</td><td>4,317</td><td>4,046</td><td>871</td></tr><tr><td>1953</td><td>5,651</td><td>1,761</td><td>11</td><td>1,125</td><td>1,116</td><td>8</td><td>3,860</td><td>3,682</td><td>838</td></tr><tr><td colspan="10">Calendar years:</td></tr><tr><td>1950</td><td>5,840</td><td>987</td><td>987</td><td>-</td><td>-</td><td>-</td><td>4,853</td><td>4,583</td><td>870</td></tr><tr><td>1951</td><td>5,551</td><td>772</td><td>582</td><td>250</td><td>245</td><td>5</td><td>4,819</td><td>4,571</td><td>308</td></tr><tr><td>1952</td><td>5,074</td><td>1,015</td><td>47</td><td>968</td><td>962</td><td>6</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><td colspan="10">Months:</td></tr><tr><td>1952-July</td><td>468</td><td>90</td><td>4</td><td>86</td><td>86</td><td>*</td><td>378</td><td>354</td><td>24</td></tr><tr><td>August</td><td>399</td><td>81</td><td>3</td><td>80</td><td>79</td><td>*</td><td>346</td><td>329</td><td>21</td></tr><tr><td>September</td><td>417</td><td>78</td><td>3</td><td>76</td><td>75</td><td>*</td><td>338</td><td>317</td><td>21</td></tr><tr><td>October</td><td>398</td><td>86</td><td>3</td><td>85</td><td>84</td><td>*</td><td>311</td><td>289</td><td>21</td></tr><tr><td>November</td><td>346</td><td>71</td><td>2</td><td>69</td><td>69</td><td>*</td><td>275</td><td>258</td><td>17</td></tr><tr><td>December</td><td>428</td><td>88</td><td>2</td><td>87</td><td>86</td><td>*</td><td>333</td><td>315</td><td>19</td></tr><tr><td>1953-January</td><td>435</td><td>101</td><td>2</td><td>98</td><td>98</td><td>*</td><td>334</td><td>317</td><td>18</td></tr><tr><td>February</td><td>369</td><td>112</td><td>3</td><td>109</td><td>109</td><td>*</td><td>257</td><td>238</td><td>19</td></tr><tr><td>March</td><td>430</td><td>107</td><td>3</td><td>105</td><td>104</td><td>*</td><td>323</td><td>302</td><td>21</td></tr><tr><td>April</td><td>487</td><td>106</td><td>8</td><td>104</td><td>104</td><td>*</td><td>381</td><td>303</td><td>18</td></tr><tr><td>May</td><td>963</td><td>595</td><td>2</td><td>121</td><td>121</td><td>*</td><td>383</td><td>365</td><td>18</td></tr><tr><td>June</td><td>242</td><td>253</td><td>2</td><td>110</td><td>110</td><td>*</td><td>289</td><td>269</td><td>20</td></tr></table>
source: Daily Treasury Statement.
1/ Details by series on a cumulative basis and by periods for Series A-I combined will be found in the February 1952 and previous issues of the "Treasury Bulletin".
2/ Includes exchanges of matured Series F bonds for Series G bonds beginning May 1951 and for Series X bonds beginning May 1952.
3/ Includes both matured and unmatured bonds; see Table 4.
4/ Sales began June 1, 1952.
2. Sales were discontinued after April 30, 1952.
5. Sales began May 1, 1952.
7. Comparable data are not available prior to January 1950.
8. Includes redemptions not yet classified.
9. Includes exchanges of Series 1941 F and G savings bonds for Treasury 3-1/4% bonds of 1978-83 as follows: $397 million in May and $19 million in June.
* Less than $500,000.
p Preliminary.
August 1955
33
UNITED STATES SAVINGS BONDS
Table 5.- Sales and Redemptions by Denominations, Series E and H Combined
(In thousands of pieces)
<table><tr><th>Period</th><th>Total, all denominations</th><th>$10 1/2</th><th>$25</th><th>$50</th><th>$100</th><th>$200 1/2</th><th>$500</th><th>$1,000</th><th>$5,000 1/2</th><th>$10,000 1/2</th></tr><tr><td colspan="11">Fiscal years:</td></tr><tr><td>1941-45</td><td>836,638</td><td>9,223</td><td>623,733</td><td>128,094</td><td>100,769</td><td>1,111</td><td>11,753</td><td>9,322</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>169,039</td><td>8,509</td><td>112,071</td><td>24,278</td><td>13,923</td><td>801</td><td>5,063</td><td>2,121</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>71,356</td><td>2,095</td><td>45,876</td><td>10,936</td><td>1,803</td><td>201</td><td>1,045</td><td>2,241</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>56,971</td><td>562</td><td>36,246</td><td>9,901</td><td>7,777</td><td>516</td><td>1,271</td><td>2,338</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>64,376</td><td>334</td><td>39,400</td><td>11,429</td><td>7,290</td><td>916</td><td>1,269</td><td>2,328</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>64,304</td><td>335</td><td>39,150</td><td>11,841</td><td>8,694</td><td>917</td><td>1,413</td><td>1,995</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>64,899</td><td>1</td><td>41,751</td><td>11,765</td><td>7,649</td><td>735</td><td>1,036</td><td>1,830</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>76,136</td><td>-</td><td>50,701</td><td>13,129</td><td>7,529</td><td>720</td><td>948</td><td>1,076</td><td>16</td><td>-</td></tr><tr><td>1953</td><td>90,485</td><td>-</td><td>54,380</td><td>14,378</td><td>8,311</td><td>794</td><td>1,043</td><td>1,468</td><td>16</td><td>7</td></tr><tr><td colspan="11">Calendar years:</td></tr><tr><td>1941-45</td><td>996,113</td><td>14,963</td><td>697,957</td><td>114,332</td><td>110,312</td><td>769</td><td>13,071</td><td>10,323</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>93,908</td><td>4,327</td><td>68,469</td><td>13,776</td><td>4,797</td><td>918</td><td>1,975</td><td>1,870</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>68,574</td><td>974</td><td>39,219</td><td>10,093</td><td>1,650</td><td>803</td><td>1,607</td><td>2,823</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>61,613</td><td>435</td><td>37,659</td><td>10,640</td><td>8,286</td><td>879</td><td>1,601</td><td>2,322</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>69,113</td><td>371</td><td>37,858</td><td>11,886</td><td>8,688</td><td>931</td><td>1,214</td><td>2,213</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>68,989</td><td>141</td><td>39,090</td><td>11,660</td><td>8,253</td><td>865</td><td>1,857</td><td>1,703</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>68,069</td><td>1</td><td>43,651</td><td>12,148</td><td>7,430</td><td>738</td><td>921</td><td>1,139</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>77,271</td><td>-</td><td>58,008</td><td>13,773</td><td>7,721</td><td>786</td><td>1,042</td><td>1,391</td><td>8</td><td>3</td></tr><tr><td colspan="11">Months:</td></tr><tr><td>1952-July</td><td>6,690</td><td>4,347</td><td>1,122</td><td>639</td><td>60</td><td>96</td><td>111</td><td>2</td><td>-</td><td>-</td></tr><tr><td>August</td><td>6,194</td><td>-</td><td>4,165</td><td>1,110</td><td>682</td><td>61</td><td>96</td><td>109</td><td>1</td><td>-</td></tr><tr><td>September</td><td>6,114</td><td>-</td><td>4,169</td><td>1,084</td><td>619</td><td>59</td><td>89</td><td>94</td><td>1</td><td>-</td></tr><tr><td>October</td><td>6,519</td><td>-</td><td>4,422</td><td>1,177</td><td>661</td><td>63</td><td>93</td><td>100</td><td>1</td><td>-</td></tr><tr><td>November</td><td>7,778</td><td>-</td><td>5,975</td><td>1,198</td><td>589</td><td>56</td><td>88</td><td>88</td><td>1</td><td>-</td></tr><tr><td>December</td><td>7,346</td><td>-</td><td>4,977</td><td>1,309</td><td>708</td><td>66</td><td>96</td><td>108</td><td>1</td><td>-</td></tr><tr><td>1953-January</td><td>7,743</td><td>-</td><td>5,167</td><td>1,356</td><td>805</td><td>83</td><td>141</td><td>188</td><td>2</td><td>1</td></tr><tr><td>February</td><td>6,828</td><td>-</td><td>4,186</td><td>1,086</td><td>665</td><td>68</td><td>118</td><td>158</td><td>2</td><td>1</td></tr><tr><td>March</td><td>7,811</td><td>-</td><td>5,268</td><td>1,429</td><td>781</td><td>74</td><td>117</td><td>144</td><td>2</td><td>1</td></tr><tr><td>April</td><td>6,866</td><td>-</td><td>4,625</td><td>1,231</td><td>703</td><td>68</td><td>107</td><td>129</td><td>2</td><td>1</td></tr><tr><td>May</td><td>6,908</td><td>-</td><td>4,508</td><td>1,213</td><td>694</td><td>68</td><td>105</td><td>119</td><td>1</td><td>1</td></tr><tr><td>June</td><td>6,943</td><td>-</td><td>4,691</td><td>1,261</td><td>704</td><td>68</td><td>103</td><td>115</td><td>1</td><td>1</td></tr><tr><td>Inception to date p.</td><td>1,925,884</td><td>21,076</td><td>1,043,208</td><td>235,707</td><td>171,665</td><td>7,059</td><td>23,242</td><td>23,866</td><td>18</td><td>8</td></tr><tr><td colspan="11">Reletments</td></tr><tr><td>Fiscal years:</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>1941-45</td><td>241,760</td><td>1,317</td><td>198,935</td><td>27,464</td><td>12,801</td><td>-</td><td>1,068</td><td>760</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>192,989</td><td>6,047</td><td>136,934</td><td>26,334</td><td>13,294</td><td>76</td><td>1,141</td><td>877</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>123,755</td><td>4,109</td><td>88,336</td><td>17,872</td><td>10,731</td><td>189</td><td>1,105</td><td>900</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>93,438</td><td>2,058</td><td>65,331</td><td>14,308</td><td>9,387</td><td>286</td><td>1,115</td><td>1,004</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>79,646</td><td>1,369</td><td>54,809</td><td>12,523</td><td>8,430</td><td>284</td><td>1,077</td><td>1,039</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>76,109</td><td>2/</td><td>52,101</td><td>12,346</td><td>8,155</td><td>334</td><td>1,069</td><td>1,088</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>82,875</td><td>701</td><td>54,340</td><td>14,134</td><td>9,911</td><td>666</td><td>1,351</td><td>1,478</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>76,101</td><td>443</td><td>53,640</td><td>12,662</td><td>8,777</td><td>371</td><td>1,611</td><td>1,691</td><td>-</td><td>-</td></tr><tr><td>1953 p.</td><td>81,835</td><td>313</td><td>56,626</td><td>13,516</td><td>8,829</td><td>342</td><td>1,110</td><td>1,104</td><td>-</td><td>-</td></tr><tr><td>Calendar years:</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>1941-45</td><td>341,505</td><td>4,150</td><td>275,768</td><td>40,699</td><td>18,835</td><td>-</td><td>1,533</td><td>1,129</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>163,112</td><td>5,800</td><td>118,662</td><td>23,122</td><td>12,955</td><td>165</td><td>1,636</td><td>975</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>108,977</td><td>2,897</td><td>78,911</td><td>15,499</td><td>9,659</td><td>213</td><td>1,664</td><td>920</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>85,888</td><td>1,555</td><td>59,659</td><td>13,470</td><td>9,086</td><td>273</td><td>1,134</td><td>1,065</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>76,933</td><td>1,217</td><td>58,996</td><td>12,824</td><td>8,065</td><td>302</td><td>1,046</td><td>1,025</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>79,176</td><td>835</td><td>53,087</td><td>13,257</td><td>9,081</td><td>404</td><td>1,220</td><td>1,826</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>77,000 2/</td><td>549</td><td>51,578</td><td>13,000</td><td>9,079</td><td>480</td><td>1,244</td><td>1,379</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>80,420</td><td>375</td><td>50,000</td><td>13,299</td><td>9,901</td><td>356</td><td>1,139</td><td>1,203</td><td>-</td><td>-</td></tr><tr><td>Months:</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>1952-July</td><td>7,607</td><td>34</td><td>5,247</td><td>1,252</td><td>87</td><td>32</td><td>107</td><td>108</td><td>-</td><td>-</td></tr><tr><td>August</td><td>6,560</td><td>27</td><td>4,528</td><td>1,060</td><td>691</td><td>26</td><td>87</td><td>86</td><td>-</td><td>-</td></tr><tr><td>September</td><td>6,976</td><td>30</td><td>4,818</td><td>1,156</td><td>757</td><td>30</td><td>93</td><td>92</td><td>-</td><td>-</td></tr><tr><td>October</td><td>6,437</td><td>26</td><td>4,399</td><td>1,078</td><td>753</td><td>29</td><td>98</td><td>90</td><td>-</td><td>-</td></tr><tr><td>November</td><td>5,337</td><td>82</td><td>3,811</td><td>911</td><td>611</td><td>24</td><td>76</td><td>74</td><td>-</td><td>-</td></tr><tr><td>December</td><td>7,159</td><td>26</td><td>4,987</td><td>1,179</td><td>759</td><td>27</td><td>98</td><td>88</td><td>-</td><td>-</td></tr><tr><td>1953-January</td><td>7,511</td><td>27</td><td>5,261</td><td>1,216</td><td>781</td><td>28</td><td>97</td><td>101</td><td>-</td><td>-</td></tr><tr><td>February</td><td>5,539</td><td>22</td><td>3,824</td><td>988</td><td>623</td><td>26</td><td>88</td><td>83</td><td>-</td><td>-</td></tr><tr><td>March</td><td>7,172</td><td>83</td><td>4,979</td><td>1,359</td><td>753</td><td>32</td><td>95</td><td>95</td><td>-</td><td>-</td></tr><tr><td>April</td><td>7,338</td><td>26</td><td>5,092</td><td>1,209</td><td>781</td><td>30</td><td>99</td><td>101</td><td>-</td><td>-</td></tr><tr><td>May p.</td><td>6,718</td><td>22</td><td>4,666</td><td>1,113</td><td>737</td><td>27</td><td>95</td><td>93</td><td>-</td><td>-</td></tr><tr><td>June p.</td><td>7,229</td><td>25</td><td>5,004</td><td>1,211</td><td>772</td><td>31</td><td>94</td><td>92</td><td>-</td><td>-</td></tr><tr><td>Inception to date p.</td><td>1,043,776 2/</td><td>17,568</td><td>768,222</td><td>151,262</td><td>89,621</td><td>2,307</td><td>10,243</td><td>9,521</td><td>-</td><td>-</td></tr></table>
Source: Based on Daily Treasury Statement and reports from Federal Reserve Banks and Bureau of the Public Debt.
1/ Sales of Series H bonds began June 1, 1952.
2/ Sale was authorized June 1944, to Armed Forces only; and discontinued after March 31, 1950.
3/ Sales began in October 1945.
4/ Sales of $10,000 denomination Series E bonds were authorized on May 1, 1952, and $5,000 and $10,000 Series E bonds on June 1, 1952.
5/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series E bonds beginning May 1952.
34
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 6. - Sales by States, Series E and H 1/ (Combined)
(In thousands of dollars at issue price)
<table><tr><th>State</th><th colspan="2">Income through June 30, 1953</th><th colspan="6">1952</th><th colspan="5">1953</th></tr><tr><th></th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th></tr><tr><td>Alabama</td><td>720,676</td><td>1,662</td><td>2,901</td><td>2,948</td><td>2,698</td><td>2,323</td><td>2,439</td><td>3,344</td><td>3,090</td><td>2,392</td><td>2,314</td><td>3,050</td><td>3,745</td></tr><tr><td>Arkansas</td><td>341,018</td><td>251</td><td>1,230</td><td>612</td><td>292</td><td>768</td><td>1,065</td><td>1,316</td><td>1,998</td><td>1,321</td><td>1,606</td><td>1,314</td><td>1,170</td></tr><tr><td>Arizona</td><td>424,354</td><td>1,658</td><td>1,568</td><td>1,505</td><td>1,695</td><td>1,509</td><td>1,773</td><td>2,674</td><td>1,922</td><td>2,266</td><td>1,901</td><td>1,708</td><td>1,756</td></tr><tr><td>California</td><td>5,090,925</td><td>10,234</td><td>17,139</td><td>16,314</td><td>17,213</td><td>11,346</td><td>17,374</td><td>18,977</td><td>26,066</td><td>21,601</td><td>20,636</td><td>15,947</td><td>17,356</td></tr><tr><td>Colorado</td><td>344,942</td><td>1,897</td><td>1,607</td><td>2,626</td><td>2,413</td><td>1,896</td><td>2,089</td><td>3,075</td><td>3,437</td><td>2,111</td><td>2,807</td><td>1,404</td><td>2,604</td></tr><tr><td>Connecticut</td><td>1,197,971</td><td>3,972</td><td>4,267</td><td>3,705</td><td>4,143</td><td>3,200</td><td>4,334</td><td>3,464</td><td>4,500</td><td>4,598</td><td>4,248</td><td>4,251</td><td>4,470</td></tr><tr><td>Delaware</td><td>157,334</td><td>473</td><td>625</td><td>696</td><td>550</td><td>447</td><td>709</td><td>819</td><td>644</td><td>934</td><td>696</td><td>789</td><td>565</td></tr><tr><td>District of Columbia</td><td>858,596</td><td>3,938</td><td>2,930</td><td>3,363</td><td>3,200</td><td>4,460</td><td>4,461</td><td>3,783</td><td>3,605</td><td>3,401</td><td>3,342</td><td>3,753</td><td>3,147</td></tr><tr><td>Florida</td><td>818,157</td><td>1,658</td><td>4,091</td><td>3,309</td><td>4,328</td><td>3,266</td><td>2,636</td><td>4,735</td><td>5,659</td><td>4,250</td><td>4,493</td><td>4,902</td><td>3,883</td></tr><tr><td>Georgia</td><td>808,016</td><td>1,962</td><td>4,597</td><td>2,868</td><td>3,816</td><td>3,260</td><td>3,204</td><td>4,670</td><td>4,169</td><td>3,457</td><td>3,698</td><td>4,089</td><td>3,440</td></tr><tr><td>Idaho</td><td>198,214</td><td>314</td><td>361</td><td>565</td><td>478</td><td>469</td><td>553</td><td>683</td><td>903</td><td>799</td><td>693</td><td>992</td><td>644</td></tr><tr><td>Illinois</td><td>5,391,560</td><td>28,733</td><td>24,478</td><td>28,627</td><td>25,136</td><td>23,333</td><td>27,961</td><td>41,668</td><td>28,692</td><td>34,449</td><td>34,378</td><td>30,232</td><td>27,637</td></tr><tr><td>Indiana</td><td>1,946,958</td><td>9,094</td><td>7,888</td><td>8,590</td><td>8,813</td><td>8,204</td><td>9,360</td><td>12,958</td><td>9,819</td><td>11,169</td><td>10,434</td><td>9,982</td><td>9,717</td></tr><tr><td>Iowa</td><td>1,793,079</td><td>6,965</td><td>6,431</td><td>6,621</td><td>6,371</td><td>6,464</td><td>9,068</td><td>16,233</td><td>9,388</td><td>11,795</td><td>10,205</td><td>9,553</td><td>10,274</td></tr><tr><td>Kansas</td><td>1,063,695</td><td>4,236</td><td>4,736</td><td>4,944</td><td>4,164</td><td>2,307</td><td>4,970</td><td>7,694</td><td>9,381</td><td>12,869</td><td>7,536</td><td>3,655</td><td>6,618</td></tr><tr><td>Kentucky</td><td>734,770</td><td>2,960</td><td>3,278</td><td>3,390</td><td>3,082</td><td>2,579</td><td>2,830</td><td>4,444</td><td>4,126</td><td>4,095</td><td>3,735</td><td>3,700</td><td>3,325</td></tr><tr><td>Louisiana</td><td>785,091</td><td>2,693</td><td>2,338</td><td>2,621</td><td>2,248</td><td>2,461</td><td>2,636</td><td>3,430</td><td>3,075</td><td>2,916</td><td>2,889</td><td>2,992</td><td>2,704</td></tr><tr><td>Missouri</td><td>284,077</td><td>970</td><td>967</td><td>947</td><td>1,002</td><td>972</td><td>1,134</td><td>1,133</td><td>1,198</td><td>1,050</td><td>1,046</td><td>1,091</td><td>1,032</td></tr><tr><td>Maryland</td><td>856,256</td><td>3,107</td><td>3,437</td><td>3,567</td><td>3,554</td><td>3,451</td><td>4,254</td><td>4,804</td><td>4,030</td><td>4,604</td><td>4,632</td><td>4,560</td><td>3,984</td></tr><tr><td>Massachusetts</td><td>2,121,934</td><td>7,573</td><td>8,011</td><td>7,933</td><td>7,547</td><td>7,946</td><td>8,345</td><td>9,751</td><td>8,167</td><td>8,436</td><td>8,041</td><td>8,236</td><td>8,119</td></tr><tr><td>Michigan</td><td>3,645,121</td><td>17,278</td><td>18,903</td><td>15,292</td><td>18,176</td><td>14,996</td><td>19,316</td><td>24,921</td><td>17,408</td><td>23,142</td><td>21,044</td><td>20,680</td><td>21,450</td></tr><tr><td>Minnesota</td><td>1,438,008</td><td>5,830</td><td>5,090</td><td>4,969</td><td>5,641</td><td>4,668</td><td>5,191</td><td>7,136</td><td>6,094</td><td>6,025</td><td>6,262</td><td>5,328</td><td>5,359</td></tr><tr><td>Mississippi</td><td>439,302</td><td>1,885</td><td>1,687</td><td>1,466</td><td>1,434</td><td>1,464</td><td>1,537</td><td>2,597</td><td>2,494</td><td>1,952</td><td>1,872</td><td>1,840</td><td>1,804</td></tr><tr><td>Missouri</td><td>1,802,290</td><td>8,876</td><td>8,232</td><td>8,663</td><td>8,799</td><td>6,646</td><td>9,993</td><td>12,228</td><td>10,973</td><td>10,956</td><td>10,665</td><td>8,358</td><td>10,373</td></tr><tr><td>Montana</td><td>343,236</td><td>1,725</td><td>1,262</td><td>1,346</td><td>1,750</td><td>1,326</td><td>1,766</td><td>2,520</td><td>2,199</td><td>2,258</td><td>1,743</td><td>1,636</td><td>1,711</td></tr><tr><td>Nebraska</td><td>930,632</td><td>3,821</td><td>4,169</td><td>5,134</td><td>4,602</td><td>3,196</td><td>4,354</td><td>7,035</td><td>8,593</td><td>8,283</td><td>13,134</td><td>5,086</td><td>8,128</td></tr><tr><td>Nevada</td><td>77,733</td><td>239</td><td>297</td><td>350</td><td>393</td><td>292</td><td>224</td><td>307</td><td>408</td><td>316</td><td>331</td><td>396</td><td>279</td></tr><tr><td>New Hampshire</td><td>177,467</td><td>696</td><td>780</td><td>592</td><td>642</td><td>579</td><td>600</td><td>304</td><td>245</td><td>627</td><td>659</td><td>660</td><td>293</td></tr><tr><td>New Jersey</td><td>2,392,566</td><td>10,982</td><td>11,464</td><td>12,425</td><td>12,627</td><td>10,619</td><td>13,270</td><td>16,161</td><td>13,318</td><td>13,944</td><td>12,954</td><td>12,785</td><td>12,872</td></tr><tr><td>New Mexico</td><td>158,476</td><td>570</td><td>704</td><td>551</td><td>595</td><td>201</td><td>600</td><td>384</td><td>928</td><td>699</td><td>850</td><td>601</td><td>873</td></tr><tr><td>New York</td><td>1,933,005</td><td>35,754</td><td>35,108</td><td>31,021</td><td>39,612</td><td>30,619</td><td>38,923</td><td>50,161</td><td>36,318</td><td>36,907</td><td>13,704</td><td>12,775</td><td>14,427</td></tr><tr><td>North Carolina</td><td>844,796</td><td>3,751</td><td>3,966</td><td>6,794</td><td>2,934</td><td>3,696</td><td>3,978</td><td>5,401</td><td>3,830</td><td>3,905</td><td>3,036</td><td>3,135</td><td>3,900</td></tr><tr><td>North Dakota</td><td>358,368</td><td>1,447</td><td>1,222</td><td>1,226</td><td>1,268</td><td>1,254</td><td>1,518</td><td>2,325</td><td>1,960</td><td>1,695</td><td>1,507</td><td>1,130</td><td>1,428</td></tr><tr><td>Ohio</td><td>1,193,787</td><td>13,656</td><td>21,002</td><td>20,999</td><td>22,377</td><td>18,487</td><td>18,902</td><td>24,078</td><td>24,514</td><td>29,915</td><td>21,682</td><td>23,261</td><td>21,658</td></tr><tr><td>Oklahoma</td><td>835,339</td><td>3,612</td><td>2,945</td><td>4,605</td><td>4,210</td><td>2,366</td><td>3,405</td><td>7,104</td><td>6,762</td><td>3,326</td><td>4,750</td><td>1,838</td><td>5,548</td></tr><tr><td>Oregon</td><td>760,240</td><td>1,695</td><td>1,669</td><td>2,372</td><td>2,119</td><td>1,668</td><td>1,760</td><td>2,042</td><td>2,378</td><td>2,502</td><td>2,626</td><td>2,516</td><td>1,943</td></tr><tr><td>Pennsylvania</td><td>5,400,508</td><td>27,218</td><td>24,700</td><td>25,337</td><td>26,708</td><td>28,999</td><td>29,376</td><td>35,670</td><td>31,097</td><td>35,709</td><td>30,478</td><td>30,565</td><td>29,218</td></tr><tr><td>Rhode Island</td><td>397,468</td><td>1,075</td><td>1,138</td><td>1,055</td><td>1,016</td><td>1,172</td><td>1,232</td><td>1,470</td><td>1,267</td><td>1,483</td><td>1,334</td><td>1,195</td><td>1,134</td></tr><tr><td>South Carolina</td><td>420,659</td><td>1,657</td><td>1,293</td><td>2,010</td><td>1,373</td><td>1,968</td><td>1,783</td><td>2,061</td><td>2,052</td><td>2,174</td><td>1,993</td><td>1,999</td><td>1,940</td></tr><tr><td>South Dakota</td><td>395,519</td><td>1,903</td><td>1,665</td><td>1,482</td><td>1,684</td><td>1,671</td><td>2,366</td><td>2,887</td><td>2,942</td><td>2,720</td><td>2,570</td><td>2,584</td><td>2,131</td></tr><tr><td>Tennessee</td><td>759,946</td><td>2,316</td><td>2,965</td><td>2,689</td><td>2,916</td><td>2,512</td><td>2,614</td><td>4,094</td><td>3,841</td><td>3,084</td><td>2,795</td><td>2,692</td><td>2,907</td></tr><tr><td>Texas</td><td>2,957,396</td><td>7,744</td><td>9,961</td><td>6,252</td><td>10,015</td><td>9,551</td><td>9,580</td><td>13,113</td><td>13,481</td><td>11,293</td><td>11,189</td><td>10,758</td><td>10,820</td></tr><tr><td>Utah</td><td>278,968</td><td>783</td><td>902</td><td>1,625</td><td>868</td><td>1,114</td><td>936</td><td>1,735</td><td>1,316</td><td>1,008</td><td>1,239</td><td>1,500</td><td>1,420</td></tr><tr><td>Vermont</td><td>101,233</td><td>373</td><td>335</td><td>570</td><td>299</td><td>537</td><td>309</td><td>444</td><td>1,307</td><td>301</td><td>579</td><td>289</td><td>322</td></tr><tr><td>Virginia</td><td>1,146,647</td><td>4,738</td><td>3,905</td><td>5,076</td><td>4,793</td><td>3,999</td><td>5,306</td><td>6,216</td><td>5,442</td><td>5,511</td><td>5,272</td><td>5,308</td><td>5,121</td></tr><tr><td>Washington</td><td>1,933,373</td><td>3,421</td><td>2,345</td><td>5,806</td><td>4,582</td><td>3,530</td><td>3,690</td><td>4,992</td><td>5,005</td><td>5,617</td><td>5,046</td><td>4,874</td><td>4,037</td></tr><tr><td>West Virginia</td><td>680,363</td><td>2,639</td><td>2,332</td><td>2,811</td><td>2,703</td><td>2,634</td><td>3,615</td><td>6,970</td><td>3,896</td><td>3,618</td><td>3,479</td><td>3,218</td><td>3,129</td></tr><tr><td>Wisconsin</td><td>1,544,367</td><td>7,659</td><td>6,553</td><td>7,560</td><td>6,958</td><td>6,081</td><td>7,302</td><td>10,700</td><td>7,174</td><td>8,264</td><td>7,679</td><td>7,319</td><td>8,121</td></tr><tr><td>Wyoming</td><td>186,348</td><td>943</td><td>946</td><td>645</td><td>618</td><td>269</td><td>662</td><td>999</td><td>577</td><td>600</td><td>773</td><td>417</td><td>791</td></tr><tr><td>Alaska</td><td>84,726</td><td>146</td><td>150</td><td>155</td><td>156</td><td>145</td><td>171</td><td>90</td><td>117</td><td>177</td><td>154</td><td>154</td><td>123</td></tr><tr><td>California</td><td>320,089</td><td>696</td><td>696</td><td>1,015</td><td>971</td><td>1,947</td><td>968</td><td>1,350</td><td>1,157</td><td>2,045</td><td>1,182</td><td>1,334</td><td>1,294</td></tr><tr><td>Puerto Rico</td><td>44,948</td><td>117</td><td>86</td><td>230</td><td>113</td><td>128</td><td>120</td><td>89</td><td>176</td><td>129</td><td>185</td><td>209</td><td>196</td></tr><tr><td>Virginia Islands</td><td>2,142</td><td>8</td><td>7</td><td>7</td><td>7</td><td>4</td><td>6</td><td>13</td><td>11</td><td>6</td><td>17</td><td>5</td><td>6</td></tr><tr><td>Other possessions</td><td>34,468</td><td>2</td><td>1</td><td>2</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Just pursuant to Daily Treasury Statement</td><td>1,176,992</td><td>448,253</td><td>631,164</td><td>123,372</td><td>112,765</td><td>118,443</td><td>166,537</td><td>332,756</td><td>49,806</td><td>428,454</td><td>44,867</td><td>400,296</td><td>411,977</td></tr><tr><td>Total</td><td>69,366,175</td><td>315,283</td><td>309,073</td><td>290,498</td><td>309,658</td><td>271,007</td><td>333,764</td><td>440,368</td><td>368,299</td><td>396,815</td><td>351,263</td><td>339,996</td><td>340,220</td></tr></table>
Source: Daily Treasury Statement and reports from Federal Reserve Banks.
Sales of Series B began June 1, 1992.
r Reviea.
August 1955
35
TREASURY SAVINGS NOTES
Treasury tax and savings notes have been issued as follows: Tax Series A from August 1, 1941, through June 22, 1943; Tax Series B from August 1, 1941, through September 12, 1942; Savings Series C (originally designated Tax Series C) from September 14, 1942, through August 31, 1948; Savings Series D from September 1, 1948, through May 14, 1951; Savings Series A from May 15, 1951, through May 14, 1953; and Savings Series B beginning on May 15, 1953.
Details concerning terms and conditions for purchase and redemption and information on investment yields of Savings Series B appear in the June 1953 issue of the "Treasury Bulletin", page A-1. Similar information with
respect to the offering of the earlier series was published currently in the "Treasury Bulletin", and appears also in the "Annual Report of the Secretary of the Treasury" for appropriate years.
In the following tables sales and redemptions of Treasury savings notes are shown at par value. Matured notes redeemed (either for cash or for tax payment) are included in the figures on redemptions. Matured notes outstanding are reflected in the interest-bearing debt until all notes of the annual series have matured, when they are transferred to matured debt upon which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through June 30, 1953 (In millions of dollars)
(In millions of dollars)
<table><tr><th rowspan="2">Series</th><th rowspan="2">Sales</th><th colspan="3">Redemptions</th><th colspan="2">Amount outstanding</th></tr><tr><th>Total</th><th>For cash</th><th>For taxes</th><th>Interest debt</th><th>Interest-bearing debt</th></tr><tr><td>Series A (tax series)</td><td>407 1/2</td><td>406</td><td>67 1/2</td><td>339</td><td>1</td><td>-</td></tr><tr><td>Series B (tax series)</td><td>4,944</td><td>4,944</td><td>183 1/2</td><td>4,761</td><td>*</td><td>-</td></tr><tr><td>Series C</td><td>38,439 1/2</td><td>38,433</td><td>11,040</td><td>21,393</td><td>5</td><td>-</td></tr><tr><td>Series D</td><td>18,333</td><td>12,191</td><td>9,145</td><td>3,047</td><td>4</td><td>139</td></tr><tr><td>Series A</td><td>9,187</td><td>7,638</td><td>3,574</td><td>4,098</td><td>-</td><td>1,595</td></tr><tr><td>Series B</td><td>2,760</td><td>*</td><td>*</td><td>-</td><td>-</td><td>2,760</td></tr><tr><td>Total</td><td>68,058</td><td>57,606</td><td>28,009</td><td>33,597</td><td>10</td><td>4,493</td></tr></table>
Source: Office of the Treasurer of the U.S.; Daily Treasury Statement. 1/ Includes exchanges in connection with the offering in September 1942
of Tax Series A-1945 and Series C. Less than $500,000.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th colspan="3">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th>Total</th><th>For cash</th><th>For taxes</th><th>Matured debt</th><th>Interest-bearing debt</th></tr><tr><td><b>Fiscal years:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1962-65</td><td>28,867</td><td>18,725</td><td>1,296</td><td>17,469</td><td>6</td><td>10,136</td></tr><tr><td>1966</td><td>3,525</td><td>6,935</td><td>2,830</td><td>4,305</td><td>20</td><td>6,711</td></tr><tr><td>1967</td><td>3,097</td><td>4,200</td><td>2,185</td><td>2,013</td><td>28</td><td>5,560</td></tr><tr><td>1968</td><td>2,144</td><td>3,303</td><td>1,972</td><td>1,331</td><td>35</td><td>4,336</td></tr><tr><td>1969</td><td>3,994</td><td>3,528</td><td>2,079</td><td>1,433</td><td>32</td><td>4,660</td></tr><tr><td>1970</td><td>6,150</td><td>8,549</td><td>1,910</td><td>1,039</td><td>20</td><td>6,770</td></tr><tr><td>1971</td><td>5,142</td><td>5,799</td><td>4,633</td><td>1,166</td><td>18</td><td>7,818</td></tr><tr><td>1972</td><td>4,995</td><td>6,174</td><td>3,437</td><td>2,737</td><td>14</td><td>6,612</td></tr><tr><td>1973</td><td>8,226</td><td>6,330</td><td>4,307</td><td>2,032</td><td>10</td><td>4,933</td></tr><tr><td><b>Calendar years:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-45</td><td>31,090</td><td>22,737</td><td>2,691</td><td>20,046</td><td>77</td><td>8,435</td></tr><tr><td>1946</td><td>2,789</td><td>5,305</td><td>2,337</td><td>2,968</td><td>72</td><td>5,785</td></tr><tr><td>1947</td><td>2,997</td><td>3,344</td><td>1,881</td><td>1,463</td><td>94</td><td>5,490</td></tr><tr><td>1948</td><td>3,038</td><td>3,871</td><td>2,446</td><td>1,424</td><td>66</td><td>4,578</td></tr><tr><td>1949</td><td>5,971</td><td>2,931</td><td>1,584</td><td>1,356</td><td>19</td><td>7,610</td></tr><tr><td>1950</td><td>3,613</td><td>2,592</td><td>1,520</td><td>1,090</td><td>10</td><td>8,442</td></tr><tr><td>1951</td><td>2,923</td><td>6,922</td><td>2,697</td><td>1,269</td><td>47</td><td>7,534</td></tr><tr><td>1952</td><td>3,766</td><td>5,510</td><td>2,564</td><td>2,946</td><td>28</td><td>5,770</td></tr><tr><td><b>Months:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952 July</td><td>279</td><td>492</td><td>389</td><td>62</td><td>13</td><td>6,440</td></tr><tr><td>August</td><td>176</td><td>287</td><td>233</td><td>34</td><td>12</td><td>6,330</td></tr><tr><td>September</td><td>214</td><td>406</td><td>203</td><td>202</td><td>11</td><td>6,039</td></tr><tr><td>October</td><td>176</td><td>189</td><td>122</td><td>67</td><td>11</td><td>6,066</td></tr><tr><td>November</td><td>173</td><td>111</td><td>88</td><td>24</td><td>10</td><td>6,089</td></tr><tr><td>December</td><td>168</td><td>470</td><td>205</td><td>265</td><td>28</td><td>5,770</td></tr><tr><td>1953 January</td><td>107</td><td>205</td><td>164</td><td>41</td><td>22</td><td>2,676</td></tr><tr><td>February</td><td>60</td><td>118</td><td>83</td><td>34</td><td>19</td><td>2,662</td></tr><tr><td>March</td><td>63</td><td>831</td><td>82</td><td>749</td><td>14</td><td>4,879</td></tr><tr><td>April</td><td>109</td><td>192</td><td>137</td><td>54</td><td>12</td><td>4,798</td></tr><tr><td>May</td><td>1,718</td><td>1,760</td><td>1,695</td><td>29</td><td>11</td><td>4,753</td></tr><tr><td>June</td><td>1,968</td><td>1,408</td><td>887</td><td>521</td><td>10</td><td>4,423</td></tr></table>
Sources: Office of the Treasurer of the U. S.; Daily Treasury Statement 1/ Includes both matured and unmatured notes.
36
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
<table><tr><th rowspan="2">End of Fiscal year or month</th><th colspan="6">Interest-bearing securities issued by the U.S. Government</th><th colspan="6">Interest-bearing securities guaranteed by the U.S. Government</th><th rowspan="2">Natural debt and debt bearing no interest</th></tr><tr><th>Total Federal securities outstanding</th><th>Total out-standing</th><th>Bold by U.S. Government investment account</th><th>Bold by Federal Reserve accounts</th><th>Bold by private investors</th><th>Total</th><th>Total out-standing</th><th>Bold by U.S. Government investment accounts and Federal Reserve Banks</th><th>Bold by private investors</th><th>Total</th></tr><tr><td>1945</td><td>259,125</td><td>256,357</td><td>24,934</td><td>6,120</td><td>18,812</td><td>21,792</td><td>209,630</td><td>151,421</td><td>56,209</td><td>409</td><td>6</td><td>28</td><td>375</td><td>2,350</td></tr><tr><td>1946</td><td>269,899</td><td>268,111</td><td>29,121</td><td>6,789</td><td>22,332</td><td>23,782</td><td>215,606</td><td>159,064</td><td>56,143</td><td>467</td><td>9</td><td>34</td><td>424</td><td>1,321</td></tr><tr><td>1947</td><td>258,376</td><td>255,113</td><td>32,809</td><td>5,443</td><td>27,356</td><td>21,072</td><td>207,138</td><td>141,423</td><td>59,015</td><td>47</td><td>-</td><td>37</td><td>45</td><td>3,219</td></tr><tr><td>1948</td><td>292,366</td><td>290,953</td><td>35,763</td><td>5,950</td><td>30,211</td><td>21,366</td><td>190,935</td><td>133,567</td><td>59,369</td><td>69</td><td>-</td><td>27</td><td>42</td><td>2,634</td></tr><tr><td>1949</td><td>298,798</td><td>290,768</td><td>38,288</td><td>5,512</td><td>32,776</td><td>19,343</td><td>193,131</td><td>130,417</td><td>62,714</td><td>24</td><td>-</td><td>13</td><td>11</td><td>2,012</td></tr><tr><td>1950</td><td>257,377</td><td>255,209</td><td>37,810</td><td>5,474</td><td>32,356</td><td>18,333</td><td>199,048</td><td>133,639</td><td>67,149</td><td>17</td><td>-</td><td>16</td><td>1</td><td>2,150</td></tr><tr><td>1951</td><td>229,251</td><td>227,096</td><td>40,193</td><td>6,305</td><td>34,553</td><td>22,988</td><td>188,911</td><td>122,661</td><td>77,849</td><td>27</td><td>*</td><td>27</td><td>1</td><td>2,178</td></tr><tr><td>1952</td><td>279,131</td><td>276,963</td><td>44,333</td><td>6,596</td><td>37,739</td><td>28,906</td><td>189,683</td><td>135,109</td><td>74,437</td><td>44</td><td>*</td><td>43</td><td>1</td><td>2,244</td></tr><tr><td>1953</td><td>266,123</td><td>263,946</td><td>47,560</td><td>7,001</td><td>40,318</td><td>24,746</td><td>191,640</td><td>139,129</td><td>78,511</td><td>51</td><td>*</td><td>51</td><td>-</td><td>2,126</td></tr><tr><td>1951-Dec.</td><td>299,461</td><td>257,070</td><td>42,281</td><td>6,379</td><td>35,902</td><td>23,801</td><td>190,988</td><td>116,753</td><td>74,235</td><td>40</td><td>*</td><td>39</td><td>1</td><td>2,150</td></tr><tr><td>1952-July</td><td>263,107</td><td>260,908</td><td>44,634</td><td>6,689</td><td>37,947</td><td>22,953</td><td>193,421</td><td>119,079</td><td>74,343</td><td>33</td><td>*</td><td>32</td><td>1</td><td>2,166</td></tr><tr><td>Aug. Sept.</td><td>263,287</td><td>261,060</td><td>45,018</td><td>6,509</td><td>38,107</td><td>23,824</td><td>193,977</td><td>118,576</td><td>75,219</td><td>36</td><td>*</td><td>37</td><td>1</td><td>2,108</td></tr><tr><td>Oct.</td><td>264,954</td><td>260,377</td><td>45,052</td><td>6,592</td><td>38,360</td><td>23,694</td><td>191,831</td><td>117,790</td><td>74,040</td><td>39</td><td>*</td><td>38</td><td>1</td><td>2,106</td></tr><tr><td>Nov.</td><td>267,483</td><td>265,343</td><td>45,213</td><td>6,601</td><td>38,390</td><td>23,275</td><td>194,179</td><td>120,097</td><td>74,088</td><td>43</td><td>*</td><td>43</td><td>1</td><td>2,100</td></tr><tr><td>Dec.</td><td>267,443</td><td>263,883</td><td>45,991</td><td>6,742</td><td>39,190</td><td>23,497</td><td>194,709</td><td>121,709</td><td>73,996</td><td>49</td><td>*</td><td>49</td><td>1</td><td>2,100</td></tr><tr><td>1953-Jan.</td><td>267,430</td><td>265,323</td><td>45,991</td><td>6,894</td><td>39,097</td><td>23,944</td><td>195,399</td><td>121,303</td><td>74,086</td><td>47</td><td>1</td><td>45</td><td>1</td><td>2,098</td></tr><tr><td>Feb.</td><td>267,634</td><td>265,489</td><td>46,172</td><td>6,869</td><td>39,302</td><td>23,673</td><td>195,443</td><td>121,665</td><td>74,176</td><td>49</td><td>1</td><td>48</td><td>1</td><td>2,098</td></tr><tr><td>Mar.</td><td>264,145</td><td>263,280</td><td>46,390</td><td>6,906</td><td>39,434</td><td>23,926</td><td>195,979</td><td>118,761</td><td>77,409</td><td>50</td><td>2</td><td>46</td><td>1</td><td>2,083</td></tr><tr><td>Apr.</td><td>264,042</td><td>262,250</td><td>46,337</td><td>6,863</td><td>39,474</td><td>23,880</td><td>196,333</td><td>118,997</td><td>73,376</td><td>51</td><td>2</td><td>49</td><td>1</td><td>2,041</td></tr><tr><td>May June</td><td>266,572 266,123</td><td>264,445 263,946</td><td>46,767 47,560</td><td>7,097 7,001</td><td>39,710 40,338</td><td>24,246 24,746</td><td>193,431 191,640</td><td>120,587 139,129</td><td>72,844 78,511</td><td>51 51</td><td>*</td><td>51 51</td><td>-</td><td>2,076 2,126</td></tr></table>
Source: Daily Treasury Statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government investment accounts; and reports from Federal Reserve System for securities held by Federal Reserve Banks. 
1/ Excludes guaranteed securities held by the Treasury.
2/ Includes accounts under the control of certain U. S. Government agencies whose investments are handled outside the Treasury; excludes Federal land banks after June 26, 1947, when the proprietary interest of the United States in these banks ended.
3/ The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the amount held by U.S. Government investment accounts and Federal Reserve Banks.
4/ All public marketable issues.
5/ Consists of Commodity Credit Corporation demand obligations stated as of the close of the previous month.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
<table><tr><th>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></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>-3</td><td>-4</td><td>-4.4</td><td>-3</td><td>-1.3</td></tr><tr><td>1941</td><td>-4.5</td><td>15.0</td><td>*</td><td>-7</td><td>-2</td><td>-3</td><td>*</td><td>-8.4</td><td>-4.5</td><td>-1.0</td><td>-</td><td>60.4</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>-145.8</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>20.5</td><td>-15.5</td><td>-19.0</td><td>-28.1</td><td>*</td><td>-5.9</td><td>-12.0</td></tr><tr><td>1945</td><td>-67.5</td><td>-48.1</td><td>-5.9</td><td>-35.6</td><td>-34</td><td>-95.4</td><td>-17.0</td><td>-2</td><td>-12.5</td><td>-3</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>-8.1</td><td>-7</td><td>-4.7</td><td>-61.3</td><td>-338.6</td><td>-69.8</td><td>-157.8</td><td>-41.2</td><td>-74.1</td><td>-123.0</td><td>-97.6</td><td>-20.3</td></tr><tr><td>1947</td><td>-1</td><td>176.9</td><td>106.8</td><td>-12.1</td><td>-30.4</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>281.0</td><td>696.4</td></tr><tr><td>1948</td><td>-2</td><td>-1.8</td><td>5.1</td><td>1.5</td><td>-94.7</td><td>-88.4</td><td>-1</td><td>3.8</td><td>4.6</td><td>-1.7</td><td>11.5</td><td>-1</td></tr><tr><td>1949</td><td>8.6</td><td>-6.6</td><td>6.3</td><td>1.1</td><td>-1.9</td><td>5.1</td><td>8.2</td><td>-2.0</td><td>2.0</td><td>5.8</td><td>10.7</td><td>7.0</td></tr><tr><td>1950</td><td>36.6</td><td>13.2</td><td>438.7</td><td>8.8</td><td>11.4</td><td>3.9</td><td>-2</td><td>4.7</td><td>2.8</td><td>8.4</td><td>-1.6</td><td>29.0</td></tr><tr><td>1951</td><td>22.1</td><td>6.7</td><td>5</td><td>19.9</td><td>2.9</td><td>1.5</td><td>1.4</td><td>*</td><td>3.5</td><td>16.5</td><td>11.7</td><td>8.2</td></tr><tr><td>1952</td><td>28.6</td><td>8.8</td><td>12.9</td><td>36.2</td><td>35.9</td><td>20.1</td><td>*</td><td>1.9</td><td>3.5</td><td>*</td><td>*</td><td>*</td></tr></table>
1/ Consists of purchases or sales made by the Treasury of securities issued or guaranteed by the U. S. Government for (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department. It will be noted that these
transactions differ from those reflected in Table 1 because they exclude those Government investment accounts for which investments are not handled by the Treasury. Table 2 also includes purchases under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754 a), and excludes the Exchange Stabilization Fund. * Less than $50,000.
August 1955
37
OWNERSHIP OF FEDERAL SECURITIES
Table 3.- Estimated Ownership of Federal Securities
(Par value 1/ - in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstanding $/ Total</th><th>Field by banks Commercial banks $/ Total</th><th>U. S. Government investment accounts $/ Total</th><th>Individuals $/ Total</th><th>Individuals $/ Savings bonds</th><th>Insurance companies $/ Other</th><th>Mutual savings banks</th><th>Corporate $/ Total</th><th>State and local government $/ Total</th><th>Miscellaneous Investors $/ Total</th></tr><tr><td>1939-December</td><td>47.6</td><td>18.4</td><td>15.9</td><td>6.5</td><td>22.7</td><td>10.1</td><td>1.9</td><td>8.2</td><td>6.3</td><td>3.1</td><td>2.2</td><td>.4</td><td>.7</td></tr><tr><td>1940-June</td><td>48.5</td><td>18.6</td><td>16.1</td><td>2.2</td><td>7.1</td><td>28.8</td><td>10.1</td><td>2.6</td><td>7.5</td><td>6.5</td><td>3.1</td><td>2.1</td><td>.4</td><td>.7</td></tr><tr><td>December</td><td>50.9</td><td>19.5</td><td>17.3</td><td>2.2</td><td>7.6</td><td>33.9</td><td>10.6</td><td>2.8</td><td>7.8</td><td>6.9</td><td>3.2</td><td>2.0</td><td>.5</td><td>.7</td></tr><tr><td>1941-June</td><td>55.3</td><td>21.8</td><td>19.7</td><td>2.8</td><td>8.5</td><td>25.0</td><td>11.2</td><td>3.6</td><td>7.6</td><td>7.1</td><td>3.4</td><td>2.0</td><td>.6</td><td>.7</td></tr><tr><td>December</td><td>64.3</td><td>23.7</td><td>21.4</td><td>2.3</td><td>9.5</td><td>31.0</td><td>13.6</td><td>5.4</td><td>8.2</td><td>8.2</td><td>3.7</td><td>4.0</td><td>.7</td><td>.9</td></tr><tr><td>1942-June</td><td>77.0</td><td>28.7</td><td>26.0</td><td>2.6</td><td>10.6</td><td>37.7</td><td>17.8</td><td>9.2</td><td>8.7</td><td>9.2</td><td>3.9</td><td>4.9</td><td>.9</td><td>1.1</td></tr><tr><td>December</td><td>112.5</td><td>47.3</td><td>41.1</td><td>6.2</td><td>12.2</td><td>53.0</td><td>23.7</td><td>13.1</td><td>10.3</td><td>11.3</td><td>4.5</td><td>10.1</td><td>1.0</td><td>2.3</td></tr><tr><td>1943-June</td><td>140.8</td><td>59.4</td><td>52.2</td><td>7.2</td><td>14.3</td><td>67.0</td><td>30.9</td><td>19.2</td><td>11.7</td><td>13.1</td><td>5.3</td><td>12.9</td><td>1.5</td><td>3.4</td></tr><tr><td>December</td><td>170.1</td><td>71.5</td><td>59.9</td><td>11.5</td><td>16.9</td><td>81.7</td><td>37.6</td><td>24.7</td><td>12.9</td><td>15.1</td><td>6.1</td><td>16.4</td><td>2.1</td><td>4.4</td></tr><tr><td>1944-June</td><td>202.6</td><td>83.3</td><td>63.4</td><td>14.9</td><td>19.1</td><td>100.2</td><td>46.3</td><td>31.2</td><td>15.1</td><td>17.3</td><td>7.3</td><td>20.0</td><td>3.2</td><td>6.1</td></tr><tr><td>December</td><td>232.1</td><td>96.5</td><td>77.7</td><td>15.8</td><td>21.7</td><td>124.0</td><td>53.3</td><td>36.2</td><td>17.1</td><td>19.6</td><td>8.3</td><td>21.4</td><td>4.3</td><td>7.0</td></tr><tr><td>1945-June</td><td>259.1</td><td>106.0</td><td>86.2</td><td>21.8</td><td>24.9</td><td>128.2</td><td>59.5</td><td>40.7</td><td>18.9</td><td>22.7</td><td>9.6</td><td>28.9</td><td>5.3</td><td>8.3</td></tr><tr><td>December</td><td>278.7</td><td>135.0</td><td>90.8</td><td>24.3</td><td>27.0</td><td>136.6</td><td>64.3</td><td>42.9</td><td>21.1</td><td>24.0</td><td>10.7</td><td>28.0</td><td>6.5</td><td>9.1</td></tr><tr><td>1946-February (Peak)</td><td>279.8</td><td>116.7</td><td>93.8</td><td>28.2</td><td>28.0</td><td>135.1</td><td>64.1</td><td>43.3</td><td>20.8</td><td>24.4</td><td>11.1</td><td>19.9</td><td>6.7</td><td>8.9</td></tr><tr><td>June</td><td>289.9</td><td>128.2</td><td>94.4</td><td>23.4</td><td>29.1</td><td>132.6</td><td>63.4</td><td>43.5</td><td>20.4</td><td>24.9</td><td>11.5</td><td>17.4</td><td>6.5</td><td>8.6</td></tr><tr><td>December</td><td>295.9</td><td>97.9</td><td>76.5</td><td>23.3</td><td>30.9</td><td>130.7</td><td>64.2</td><td>44.2</td><td>20.1</td><td>24.9</td><td>11.8</td><td>15.3</td><td>6.3</td><td>8.1</td></tr><tr><td>1947-June</td><td>258.4</td><td>91.3</td><td>70.0</td><td>21.9</td><td>32.8</td><td>133.7</td><td>65.4</td><td>45.5</td><td>20.9</td><td>24.6</td><td>12.1</td><td>13.9</td><td>7.1</td><td>9.6</td></tr><tr><td>December</td><td>257.0</td><td>91.3</td><td>68.7</td><td>22.6</td><td>34.4</td><td>131.3</td><td>65.7</td><td>46.2</td><td>19.4</td><td>23.9</td><td>12.0</td><td>14.1</td><td>7.3</td><td>8.4</td></tr><tr><td>1948-June</td><td>252.4</td><td>85.9</td><td>64.6</td><td>21.4</td><td>35.8</td><td>130.7</td><td>65.8</td><td>47.1</td><td>18.6</td><td>22.8</td><td>12.0</td><td>13.6</td><td>7.8</td><td>8.7</td></tr><tr><td>December</td><td>252.9</td><td>85.8</td><td>62.5</td><td>23.3</td><td>37.3</td><td>129.7</td><td>65.5</td><td>47.8</td><td>17.6</td><td>21.2</td><td>11.5</td><td>14.8</td><td>7.9</td><td>8.9</td></tr><tr><td>1949-June</td><td>252.8</td><td>82.4</td><td>63.0</td><td>19.3</td><td>38.3</td><td>132.8</td><td>66.8</td><td>48.8</td><td>18.0</td><td>20.5</td><td>11.6</td><td>15.6</td><td>8.0</td><td>9.6</td></tr><tr><td>December</td><td>257.2</td><td>85.7</td><td>66.8</td><td>18.9</td><td>39.4</td><td>132.1</td><td>66.3</td><td>49.3</td><td>17.0</td><td>20.1</td><td>11.4</td><td>16.8</td><td>8.1</td><td>9.4</td></tr><tr><td>1950-June</td><td>257.4</td><td>83.9</td><td>65.6</td><td>18.3</td><td>37.8</td><td>135.6</td><td>67.0</td><td>49.9</td><td>17.2</td><td>19.8</td><td>11.6</td><td>18.8</td><td>8.7</td><td>9.7</td></tr><tr><td>December</td><td>256.7</td><td>82.6</td><td>61.8</td><td>20.8</td><td>39.2</td><td>134.9</td><td>65.7</td><td>49.6</td><td>15.9</td><td>18.7</td><td>10.9</td><td>20.5</td><td>8.8</td><td>10.5</td></tr><tr><td>1951-March</td><td>259.0</td><td>80.7</td><td>57.8</td><td>22.9</td><td>39.8</td><td>134.5</td><td>65.5</td><td>49.3</td><td>15.2</td><td>17.9</td><td>10.5</td><td>21.1</td><td>9.1</td><td>10.4</td></tr><tr><td>June</td><td>252.3</td><td>81.4</td><td>58.4</td><td>23.0</td><td>41.0</td><td>132.9</td><td>64.7</td><td>49.1</td><td>15.6</td><td>17.1</td><td>10.2</td><td>20.8</td><td>9.4</td><td>10.7</td></tr><tr><td>September</td><td>257.4</td><td>83.4</td><td>59.2</td><td>23.1</td><td>42.0</td><td>132.6</td><td>64.2</td><td>49.0</td><td>15.4</td><td>16.8</td><td>10.1</td><td>21.0</td><td>9.6</td><td>10.6</td></tr><tr><td>December</td><td>259.5</td><td>85.4</td><td>61.6</td><td>23.8</td><td>42.3</td><td>131.8</td><td>64.0</td><td>49.1</td><td>15.0</td><td>16.4</td><td>9.8</td><td>21.3</td><td>9.6</td><td>10.6</td></tr><tr><td>1952-January</td><td>259.8</td><td>84.8</td><td>62.1</td><td>22.7</td><td>42.7</td><td>132.3</td><td>64.1</td><td>49.2</td><td>15.0</td><td>16.4</td><td>9.8</td><td>21.5</td><td>9.9</td><td>10.5</td></tr><tr><td>February</td><td>260.4</td><td>83.8</td><td>61.2</td><td>22.2</td><td>42.9</td><td>133.8</td><td>64.8</td><td>49.1</td><td>15.7</td><td>16.3</td><td>9.8</td><td>22.1</td><td>10.0</td><td>10.8</td></tr><tr><td>March</td><td>258.1</td><td>82.6</td><td>60.1</td><td>22.5</td><td>43.0</td><td>132.5</td><td>65.0</td><td>49.1</td><td>15.9</td><td>16.3</td><td>9.8</td><td>20.7</td><td>10.1</td><td>10.6</td></tr><tr><td>April</td><td>258.3</td><td>82.8</td><td>60.5</td><td>22.4</td><td>43.2</td><td>132.3</td><td>64.6</td><td>49.0</td><td>15.6</td><td>16.2</td><td>9.8</td><td>20.2</td><td>10.2</td><td>11.3</td></tr><tr><td>May</td><td>260.0</td><td>83.1</td><td>61.0</td><td>22.3</td><td>43.7</td><td>132.9</td><td>64.3</td><td>49.0</td><td>15.3</td><td>16.0</td><td>9.8</td><td>21.2</td><td>10.2</td><td>11.5</td></tr><tr><td>June</td><td>259.2</td><td>84.0</td><td>61.1</td><td>22.9</td><td>44.3</td><td>130.0</td><td>63.9</td><td>49.0</td><td>14.9</td><td>15.7</td><td>9.6</td><td>19.7</td><td>10.4</td><td>11.6</td></tr><tr><td>July</td><td>261.1</td><td>85.6</td><td>62.1</td><td>22.9</td><td>44.6</td><td>132.9</td><td>64.6</td><td>49.0</td><td>15.6</td><td>16.0</td><td>9.8</td><td>20.3</td><td>10.7</td><td>11.5</td></tr><tr><td>August</td><td>261.2</td><td>85.3</td><td>61.9</td><td>23.1</td><td>45.1</td><td>132.6</td><td>64.4</td><td>49.0</td><td>15.4</td><td>16.1</td><td>9.7</td><td>20.2</td><td>10.4</td><td>11.5</td></tr><tr><td>September</td><td>266.7</td><td>89.3</td><td>63.6</td><td>23.7</td><td>45.1</td><td>132.8</td><td>64.2</td><td>49.0</td><td>15.2</td><td>16.1</td><td>9.7</td><td>20.2</td><td>10.9</td><td>11.3</td></tr><tr><td>October</td><td>265.0</td><td>86.6</td><td>63.1</td><td>23.6</td><td>45.2</td><td>133.3</td><td>64.2</td><td>49.0</td><td>15.2</td><td>16.0</td><td>9.6</td><td>20.5</td><td>10.9</td><td>12.0</td></tr><tr><td>November</td><td>267.5</td><td>88.0</td><td>64.2</td><td>23.8</td><td>45.5</td><td>133.9</td><td>64.2</td><td>49.1</td><td>15.1</td><td>16.1</td><td>9.5</td><td>21.0</td><td>10.9</td><td>12.0</td></tr><tr><td>December</td><td>267.4</td><td>88.1</td><td>63.4</td><td>24.7</td><td>45.9</td><td>133.4</td><td>64.2</td><td>49.2</td><td>15.0</td><td>16.0</td><td>9.5</td><td>21.0</td><td>11.0</td><td>11.1</td></tr><tr><td>1953-January</td><td>267.5</td><td>86.7</td><td>62.8</td><td>23.9</td><td>46.0</td><td>134.8</td><td>64.3</td><td>49.3</td><td>15.0</td><td>16.2</td><td>9.5</td><td>21.4</td><td>11.1</td><td>12.3</td></tr><tr><td>February</td><td>267.6</td><td>87.7</td><td>61.9</td><td>23.9</td><td>46.2</td><td>135.7</td><td>64.6</td><td>49.4</td><td>15.2</td><td>16.1</td><td>9.6</td><td>21.6</td><td>11.1</td><td>12.2</td></tr><tr><td>March</td><td>264.5</td><td>83.3</td><td>59.2</td><td>23.1</td><td>46.3</td><td>135.0</td><td>63.9</td><td>49.7</td><td>15.9</td><td>16.0</td><td>9.6</td><td>20.7</td><td>11.3</td><td>12.2</td></tr><tr><td>April</td><td>268.6</td><td>82.9</td><td>59.0</td><td>23.9</td><td>46.3</td><td>135.4</td><td>64.9</td><td>49.6</td><td>15.3</td><td>16.0</td><td>9.5</td><td>20.7</td><td>11.3</td><td>13.0</td></tr><tr><td>May</td><td>266.6</td><td>82.7</td><td>58.5</td><td>24.2</td><td>46.8</td><td>137.1</td><td>65.2</td><td>49.3</td><td>15.9</td><td>16.0</td><td>9.6</td><td>21.8</td><td>11.7</td><td>12.8</td></tr></table>
United States savings bonds, Series A-F and J, are included in current receivables. Securities issued or guaranteed by the U.S. Government, excluding guaranteed securities held by the Treasury. Receipts of customs, bank trust company, and stock savings banks in the United States and its territories and island possessions. Figures exclude securities held in trust departments. Holdings by Federal land banks are included under "Miscellaneous investments". Internal revenue refundable investment accounts, beginning June 30, 1947, since the proprietary interest of the United States in these banks ended June 25, 1947. Endorsement partnerships and personal trust accounts. Nonprofit institutions and corporate pension trust funds are included under "Miscellaneous investments".
5/ Exclusive of banks and insurance companies.
1/ Consists of trust, sinking, and investment funds of State and local governments and their agencies, and Territories and island possessions.
3/ Includes savings and loan associations, nonprofit institutions, commercial pension trust funds, dealers and brokers, and investments of foreign balances and international accounts in this country. Beginning December 1946, includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in special noninterest-bearing notes issued by the U. S. Government.
p Preliminary.
r Revised.
38
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1953
The Treasury Survey of Ownership covers securities issued by the United States Government and by Federal agencies. The banks and insurance companies included in the Survey account for approximately 95 percent of such securities held by all banks and insurance companies in the United States. Data were first published for March 31, 1941, in the May 1941 "Treasury Bulletin".
Information on the distribution of ownership by types of banks and insurance companies is published each month. Additional information showing the holdings of commercial banks distributed according to Federal Reserve member- bank classes and nonmember banks is published for June 30 and December 31.
Section I - Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</th><th colspan="4">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors 3/</th></tr><tr><th>7,058 commercial banks 1/ 2/</th><th>266 mutual savings banks 1/</th><th>Insurance companies 31k life</th><th>Insurance companies 60k fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve Banks</th></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public marketable....................</td><td>148,375</td><td>50,947</td><td>7,566</td><td>6,869</td><td>4,457</td><td>27,737</td><td>51,400</td></tr><tr><td>Public nonmarketable 3/</td><td>76,411</td><td>2,179</td><td>2,015</td><td>3,743</td><td>937</td><td>3,567</td><td>63,969</td></tr><tr><td>Special issues</td><td>39,710</td><td>-</td><td>-</td><td>-</td><td>-</td><td>39,710</td><td>-</td></tr><tr><td>Total interest-bearing securities......</td><td>264,496</td><td>53,125</td><td>9,581</td><td>10,014</td><td>5,394</td><td>71,014</td><td>115,369</td></tr><tr><td>Matured debt and debt bearing no interest 5/</td><td>2,076</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total securities issued or guaranteed by the U.S. Government 6/</td><td>266,572</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Section II.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding</th><th colspan="6">Held by investors covered in Treasury Survey</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>7,058 commercial banks</th><th>526 mutual savings banks</th><th colspan="2">Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th>Type of security:</th><th></th><th>$</th><th>$</th><th>31k life</th><th>60k fire, casualty, and marine</th><th></th><th>$</th></tr><tr><td>Issued by U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>19,913</td><td>3,668</td><td>139</td><td>894</td><td>135</td><td>986</td><td>14,696</td></tr><tr><td>Certificates of indebtedness</td><td>15,999</td><td>4,141</td><td>111</td><td>47</td><td>306</td><td>5,190</td><td>6,204</td></tr><tr><td>Treasury notes</td><td>30,411</td><td>10,507</td><td>63</td><td>5</td><td>265</td><td>13,792</td><td>5,518</td></tr><tr><td>Treasury bonds - bank eligible</td><td>24,671</td><td>38,136</td><td>4,702</td><td>2,682</td><td>2,911</td><td>5,024</td><td>17,242</td></tr><tr><td>Treasury bonds - bank restricted</td><td>17,248</td><td>397</td><td>2,252</td><td>3,230</td><td>677</td><td>2,771</td><td>7,647</td></tr><tr><td>Postal savings and Panama Canal bonds</td><td>124</td><td>16</td><td>1</td><td>1</td><td>1</td><td>23</td><td>84</td></tr><tr><td>Guaranteed by U.S. Government</td><td>21</td><td>88</td><td>6</td><td>8</td><td></td><td></td><td>9</td></tr><tr><td>Total</td><td>148,379</td><td>50,947</td><td>7,566</td><td>6,269</td><td>4,497</td><td>27,737</td><td>51,400</td></tr><tr><td>Call classes:</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></tr><tr><td>Within 1 year</td><td>76,372</td><td>26,398</td><td>683</td><td>420</td><td>1,390</td><td>15,699</td><td>31,866</td></tr><tr><td>1 to 5 years</td><td>25,665</td><td>18,812</td><td>124</td><td>120</td><td>530</td><td>6,486</td><td>3,598</td></tr><tr><td>5 to 10 years</td><td>10,130</td><td>7,060</td><td>1,990</td><td>1,105</td><td>1,347</td><td>1,745</td><td>4,978</td></tr><tr><td>10 to 15 years</td><td>86,945</td><td>8,940</td><td>1,694</td><td>4,316</td><td>1,333</td><td>3,712</td><td>9,931</td></tr><tr><td>15 to 20 years</td><td></td><td>109</td><td>109</td><td>100</td><td>35</td><td>138</td><td>1,065</td></tr><tr><td>Over 20 years</td><td>1,597</td><td></td><td>6</td><td>8</td><td>*</td><td>*</td><td>9</td></tr><tr><td>Various (Federal Housing Administration adventures)</td><td>51</td><td>28</td><td></td><td></td><td>4,497</td><td>27,737</td><td>51,400</td></tr><tr><td>Total</td><td>148,379</td><td>50,947</td><td>7,566</td><td>6,269</td><td>4,497</td><td>27,737</td><td>51,400</td></tr><tr><td>Tax status: $</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes</td><td>104</td><td>16</td><td>*</td><td>*</td><td>1</td><td>81</td><td>8</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>7,408</td><td>6,134</td><td>6</td><td>3</td><td>816</td><td>89</td><td>1,013</td></tr><tr><td>Subject to Federal income taxes</td><td>140,890</td><td>44,797</td><td>7,560</td><td>6,265</td><td>4,240</td><td>27,694</td><td>50,301</td></tr><tr><td>Total</td><td>148,379</td><td>50,947</td><td>7,566</td><td>6,269</td><td>4,497</td><td>27,737</td><td>51,400</td></tr></table>
Footnotes at end of Section II.
August 1953
39
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status §/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="6">Held by investors covered in Treasury Survey</th></tr><tr><th></th><th></th><th>1,056 commercial banks 1/2/</th><th>266 mutual savings banks 1/</th><th>Insurance companies 314 life</th><th>604 fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 1/</th></tr><tr><td>Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Regular Series</td><td>17,910</td><td>3,402</td><td>135</td><td>279</td><td>120</td><td>985</td><td>12,988</td></tr><tr><td>Tax Anticipation Series</td><td>2,003</td><td>850</td><td>4</td><td>15</td><td>15</td><td>1</td><td>1,708</td></tr><tr><td>Total Treasury bills</td><td>19,913</td><td>3,662</td><td>139</td><td>294</td><td>135</td><td>986</td><td>14,696</td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-7/8 June 1973-3</td><td>4,963</td><td>1,466</td><td>66</td><td>35</td><td>118</td><td>1,278</td><td>1,397</td></tr><tr><td>2 August 1973-4</td><td>2,882</td><td>1,097</td><td>14</td><td>3</td><td>66</td><td>178</td><td>1,259</td></tr><tr><td>2-1/4 February 1974-4</td><td>8,114</td><td>1,618</td><td>31</td><td>8</td><td>123</td><td>3,693</td><td>2,842</td></tr><tr><td>Total certificates of indebtedness</td><td>15,959</td><td>4,181</td><td>111</td><td>47</td><td>306</td><td>5,130</td><td>6,804</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/8 December 1973-4</td><td>10,942</td><td>957</td><td>27</td><td>2</td><td>77</td><td>7,507</td><td>1,972</td></tr><tr><td>1-3/8 March 1974-4</td><td>4,075</td><td>2,689</td><td>7</td><td>*</td><td>166</td><td>245</td><td>1,268</td></tr><tr><td>1-1/2 March 1975-4</td><td>5,365</td><td>4,075</td><td>13</td><td>*</td><td>172</td><td>91</td><td>1,014</td></tr><tr><td>1-3/4 December 1975-3</td><td>6,954</td><td>2,580</td><td>7</td><td>2</td><td>103</td><td>3,836</td><td>966</td></tr><tr><td>1-1/2 April 1976-8A</td><td>1,007</td><td>5</td><td>-</td><td>-</td><td>-</td><td>1,000</td><td>2</td></tr><tr><td>1-1/2 October 1976-9B</td><td>950</td><td>42</td><td>2</td><td>-</td><td>-</td><td>500</td><td>6</td></tr><tr><td>1-1/2 April 1977-8A</td><td>331</td><td>27</td><td>1</td><td>1</td><td>2</td><td>300</td><td>2</td></tr><tr><td>1-1/2 October 1977-9B</td><td>804</td><td>82</td><td>7</td><td>1</td><td>9</td><td>713</td><td>13</td></tr><tr><td>1-1/2 April 1978-8A</td><td>63</td><td>49</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Total Treasury notes</td><td>30,411</td><td>10,907</td><td>63</td><td>5</td><td>266</td><td>13,792</td><td>5,518</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bank eligible:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/8 September 1971-33</td><td>7,985</td><td>3,697</td><td>153</td><td>27</td><td>833</td><td>869</td><td>3,007</td></tr><tr><td>2 December 1971-35</td><td>510</td><td>337</td><td>7</td><td>*</td><td>18</td><td>8</td><td>181</td></tr><tr><td>2 June 1972-34</td><td>5,825</td><td>3,905</td><td>78</td><td>13</td><td>173</td><td>469</td><td>1,592</td></tr><tr><td>2-1/4 June 1972-35</td><td>1,501</td><td>975</td><td>69</td><td>21</td><td>53</td><td>101</td><td>285</td></tr><tr><td>2 December 1972-34</td><td>8,568</td><td>5,950</td><td>96</td><td>16</td><td>218</td><td>299</td><td>2,183</td></tr><tr><td>2 June 1973-35</td><td>793</td><td>376</td><td>*</td><td>-</td><td>12</td><td>-</td><td>136</td></tr><tr><td>2-1/4 June 1974-35</td><td>681</td><td>580</td><td>1</td><td>*</td><td>28</td><td>-</td><td>72</td></tr><tr><td>2-7/8 March 1975-50</td><td>2,611</td><td>1,959</td><td>3</td><td>1</td><td>77</td><td>23</td><td>949</td></tr><tr><td>2-1/2 March 1976-58</td><td>1,149</td><td>1,114</td><td>30</td><td>10</td><td>34</td><td>21</td><td>210</td></tr><tr><td>2-1/4 September 1976-59</td><td>3,382</td><td>2,934</td><td>36</td><td>105</td><td>71</td><td>60</td><td>615</td></tr><tr><td>2-3/8 September 1976-59</td><td>982</td><td>871</td><td>1</td><td>*</td><td>30</td><td>3</td><td>77</td></tr><tr><td>2-3/8 March 1977-59</td><td>987</td><td>665</td><td>24</td><td>*</td><td>8</td><td>339</td><td>91</td></tr><tr><td>2-3/8 June 1978-59</td><td>4,245</td><td>2,783</td><td>239</td><td>57</td><td>267</td><td>106</td><td>984</td></tr><tr><td>2-3/8 June 1978-63</td><td>919</td><td>380</td><td>*</td><td>*</td><td>40</td><td>1</td><td>39</td></tr><tr><td>2-1/2 December 1979-50</td><td>660</td><td>412</td><td>29</td><td>*</td><td>11</td><td>37</td><td>130</td></tr><tr><td>2-1/4 June 1979-52</td><td>5,350</td><td>961</td><td>970</td><td>378</td><td>507</td><td>288</td><td>1,882</td></tr><tr><td>2-1/4 December 1979-52</td><td>3,467</td><td>571</td><td>346</td><td>383</td><td>373</td><td>794</td><td>1,448</td></tr><tr><td>2-3/8 December 1979-65</td><td>1,149</td><td>1,310</td><td>1</td><td>2</td><td>29</td><td>1</td><td>142</td></tr><tr><td>2-1/2 June 1979-57</td><td>2,117</td><td>533</td><td>364</td><td>347</td><td>139</td><td>869</td><td>468</td></tr><tr><td>2-1/2 December 1979-68</td><td>2,383</td><td>140</td><td>715</td><td>256</td><td>258</td><td>367</td><td>791</td></tr><tr><td>2-1/2 June 1979-49</td><td>3,757</td><td>68</td><td>1,135</td><td>710</td><td>185</td><td>168</td><td>1,037</td></tr><tr><td>2-1/2 September 1979-72</td><td>1,716</td><td>1,941</td><td>132</td><td>110</td><td>35</td><td>143</td><td>1,065</td></tr><tr><td>3-1/4 June 1978-83</td><td>1,597</td><td>109</td><td>109</td><td>100</td><td>35</td><td>138</td><td>1,065</td></tr><tr><td>Total bank eligible</td><td>64,671</td><td>32,196</td><td>4,722</td><td>2,695</td><td>2,811</td><td>5,014</td><td>17,842</td></tr><tr><td>Bank restricted 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/8 December 1964-69</td><td>3,533</td><td>33</td><td>891</td><td>1,036</td><td>223</td><td>343</td><td>1,136</td></tr><tr><td>2-1/2 March 1965-70</td><td>7,167</td><td>73</td><td>997</td><td>1,198</td><td>165</td><td>1,126</td><td>4,384</td></tr><tr><td>2-1/2 March 1966-71</td><td>2,963</td><td>48</td><td>408</td><td>869</td><td>125</td><td>664</td><td>951</td></tr><tr><td>2-1/2 June 1967-72</td><td>1,895</td><td>83</td><td>259</td><td>51</td><td>49</td><td>140</td><td>1,333</td></tr><tr><td>2-1/2 December 1967-72</td><td>3,333</td><td>184</td><td>118</td><td>77</td><td>114</td><td>261</td><td>3,049</td></tr><tr><td>Total bank restricted</td><td>17,248</td><td>397</td><td>2,825</td><td>3,330</td><td>677</td><td>2,771</td><td>7,647</td></tr><tr><td>Total Treasury bonds</td><td>81,919</td><td>35,993</td><td>7,847</td><td>5,915</td><td>3,488</td><td>7,785</td><td>24,889</td></tr></table>
Footnotes at end of Section II.
(Continued on following page)
40
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status 3/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investees covered in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,058 commercial banks 1/ 3/</th><th>266 mutual savings banks 1/</th><th>Insurance companies 314 life</th><th>604 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><td>Other bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings bonds....................(wholly)</td><td>74</td><td>9</td><td>*</td><td>*</td><td>*</td><td>23</td><td>42</td></tr><tr><td>Income Canal bonds....................(wholly)</td><td>50</td><td>7</td><td>-</td><td>-</td><td>1</td><td>*</td><td>42</td></tr><tr><td>Total other bonds....................</td><td>124</td><td>16</td><td>*</td><td>*</td><td>1</td><td>23</td><td>86</td></tr><tr><td>Guaranteed securities 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Housing Administration debentures................(taxable 10/)</td><td>51</td><td>28</td><td>6</td><td>8</td><td>*</td><td>*</td><td>9</td></tr><tr><td>Total public marketable securities........</td><td>188,379</td><td>50,947</td><td>7,566</td><td>6,869</td><td>4,497</td><td>27,737</td><td>51,400</td></tr></table>
Footnotes at end of Section II.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(For values - in millions of dollars)
<table><tr><th>Issue (Tax status is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Hold by Insurance covered in Treasury Survey</th><th>Hold by all other investors</th></tr><tr><th></th><th></th><th>7,058 commercial banks 1/ 3/</th><th>266 mutual savings banks 1/</th><th>Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th><th>1/</th></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td>314 life</td><td>60% fire, casualty, and marine</td><td></td><td></td></tr><tr><td>Series E 3/</td><td>35,599</td><td>-</td><td>14</td><td>-</td><td>-</td><td>1</td><td>35,598</td></tr><tr><td>Series F 3/</td><td>3,736</td><td>453</td><td>298</td><td>36</td><td>80</td><td>1</td><td>3,138</td></tr><tr><td>Series G 3/</td><td>37,669</td><td>953</td><td>-</td><td>279</td><td>142</td><td>13</td><td>15,498</td></tr><tr><td>Series H 3/</td><td>354</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>354</td></tr><tr><td>Series J 3/</td><td>142</td><td>1</td><td>*</td><td>1</td><td>4</td><td>*</td><td>137</td></tr><tr><td>Series K 3/</td><td>435</td><td>1</td><td>5</td><td>2</td><td>11</td><td>1</td><td>411</td></tr><tr><td>Total United States savings bonds</td><td>57,920</td><td>1,378</td><td>572</td><td>313</td><td>537</td><td>22</td><td>55,099</td></tr><tr><td>Other U.S. securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury savings notes</td><td>4,793</td><td>41</td><td>*</td><td>*</td><td>10</td><td>6</td><td>4,736</td></tr><tr><td>Depositary bonds</td><td>354</td><td>354</td><td>11/</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></tr><tr><td>Investment Series A</td><td>949</td><td>189</td><td>123</td><td>292</td><td>36</td><td>100</td><td>209</td></tr><tr><td>Investment Series B</td><td>12,355</td><td>177</td><td>1,320</td><td>3,140</td><td>354</td><td>3,439</td><td>3,984</td></tr><tr><td>Total other U.S. securities</td><td>18,490</td><td>801</td><td>1,443</td><td>3,432</td><td>400</td><td>3,545</td><td>8,869</td></tr><tr><td>Total public nonmarketable securities</td><td>76,411</td><td>2,179</td><td>2,015</td><td>3,745</td><td>937</td><td>3,567</td><td>63,969</td></tr></table>
Footnotes at end of Section II.
August 1953
41
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1953
Section II - Interest-Bearing Securities Issued by Federal Agencies but not Guaranteed by the United States Government
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 3/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,058 commercial banks 1/ 2/</th><th>505 mutual savings banks 1/</th><th>Insurance companies 31a life</th><th>60a fire, casualty, and marine</th><th>U.S. Government account and Federal Reserve Banks</th><th></th></tr><tr><td>Federal intermediate credit banks: Deebtunes.....................(taxable)</td><td>755</td><td>38b</td><td>18</td><td>5</td><td>25</td><td>-</td><td>323</td></tr><tr><td>Central Bank for Cooperatives: 2-1/3/4 June 1953 (Deebtunes).......(taxable) 2-1/2 February 1954 (Deebtunes).......(taxable) 2-5/8 June 1954 (Deebtunes).......(taxable)</td><td>40 40 30 110</td><td>29 29 19 78</td><td>1 1 4 5</td><td>- - 1 1</td><td>1 1 1 2</td><td>- - - -</td><td>10 9 5 24</td></tr><tr><td>Total Central Bank for Cooperatives securities</td><td>110</td><td>78</td><td>5</td><td>1</td><td>2</td><td>-</td><td>24</td></tr><tr><td>Federal home loan banks: 2-3/4 August 1953 (Notes).........(taxable) 2-1/5 February 1954 (Notes).........(taxable)</td><td>140 111</td><td>45 50</td><td>1 1</td><td>3 2</td><td>6 3</td><td>18 1</td><td>67 53</td></tr><tr><td>Total Federal home loan bank securities......</td><td>251</td><td>96</td><td>2</td><td>5</td><td>9</td><td>19</td><td>120</td></tr><tr><td>Federal land banks: 2-1/4 February 1953-55 (Bonds).......(taxable) 2-1/2 November 1954 (Bonds).......(taxable) 2-1/2 November 1954 (Bonds).......(taxable) 1-3/4 October 1955-57 (Bonds).......(taxable) 2-5/8 May 1956 (Bonds).......(taxable) 2-3/4 May 1958 (Bonds).......(taxable)</td><td>114 71 100 215 229 136 866</td><td>93 86 52 18 157 77 608</td><td>3 3 4 3 15 6 35</td><td>1 1 1 1 1 1 3</td><td>2 4 3 6 10 4 30</td><td>- - - - - - -</td><td>16 15 38 23 47 45 190</td></tr><tr><td>Total Federal land bank securities.............</td><td>866</td><td>608</td><td>35</td><td>3</td><td>30</td><td>-</td><td>190</td></tr></table>
Excludes trust departments.
3/ Includes trust companies and, beginning with figures for July 1949, also includes stock savings banks. Formerly these banks were shown as a separate classification, but they are no longer reported in the Treasury Survey.
3/ Includes those banks and insurance companies not reporting in the redemption values. They were reported at maturity value by the banks and insurance companies included in the Treasury Survey but have been adjusted to current redemption values for use in this statement.
3/ Figures by reportable class may vary materially as to the
4/ Excludes guaranteed securities held by the Treasury.
5/ Issues which commercial banks may not acquire prior to specified date (with minor exceptions); see "Debt Outstanding," Table 3, footnote 1.
6/ Figures are based on the taxes and surtaxes with respect to the imposition of Federal income taxes on income derived from them. "Nonlyl
tax-exempt securities are those with the income exempt from both normal tax and surtax. "Partially" tax-exempt securities are those with the income exempt from the normal tax except that in the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any one holder is also exempt from the surtax. Taxable securities are those with the income subject to normal tax and surtax.
3/ Includes Federal Housing Administration debentures; see footnote 10.
10/ A small indeterminate amount of these debentures is partially tax-exempt.
11/ Includes $74,2 million depository bonds held by commercial banks not included in the Treasury Survey.
12/ Excluded issues completely held by Farm Credit Administration agencies. The proprietary interest of the United States in these bonds ended on June 26, 1947.
* Less than $500,000.
42
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1953
Current market quotations shown here are over-the-counter closing bid quotations in the New York market for the last trading day of the month, as reported to the Treasury by the Federal Reserve Bank of New York. The securities listed include all public marketable
securities issued by the United States Government except Panama Canal bonds. Outstanding issues which are guaranteed by the United States Government are excluded because they are not regularly quoted in the market.
Table 1.- Treasury Bills (Taxable)
<table><tr><th rowspan="2">Amount out-standing (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th><th rowspan="2">Amount out-standing (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th></tr><tr><th>Bid</th><th>Change in bid from last month</th><th>Bid</th><th>Change in bid from last month</th></tr><tr><td>$1,201</td><td>7/6/53</td><td>4/6/53</td><td>1.50%</td><td>-.55%</td><td>$1,501</td><td>8/5/53</td><td>5/9/53</td><td>1.86%</td><td>-.37%</td></tr><tr><td>1,401</td><td>7/5/53</td><td>4/9/53</td><td>1.10</td><td>-.45</td><td>1,500</td><td>9/3/53</td><td>6/4/53</td><td>1.90</td><td>-</td></tr><tr><td>1,401</td><td>7/16/53</td><td>4/16/53</td><td>1.75</td><td>-.45</td><td>1,400</td><td>9/10/53</td><td>6/11/53</td><td>1.90</td><td>-</td></tr><tr><td>1,501</td><td>7/23/53</td><td>4/23/53</td><td>1.75</td><td>-.45</td><td>1,501</td><td>9/17/53</td><td>6/18/53</td><td>1.94</td><td>-</td></tr><tr><td>1,500</td><td>7/5/53</td><td>4/30/53</td><td>1.80</td><td>-.40</td><td>800</td><td>9/18/53</td><td>6/5/53 1/</td><td>1.94</td><td>-</td></tr><tr><td>1,500</td><td>8/6/53</td><td>5/1/53</td><td>1.89</td><td>-.38</td><td>1,500</td><td>9/26/53</td><td>6/9/53</td><td>1.96</td><td>-</td></tr><tr><td>1,501</td><td>8/13/53</td><td>5/14/53</td><td>1.85</td><td>-.39</td><td>6/</td><td>10/1/53</td><td>7/6/53</td><td>1.92</td><td>-</td></tr><tr><td>1,201</td><td>8/20/53</td><td>5/21/53</td><td>1.85</td><td>-.39</td><td></td><td></td><td></td><td>2.96</td><td>-</td></tr></table>
Footnotes at end of Table 4.
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are 32nds; prices quoted on a yield basis are in percent)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th rowspan="2">Issue date</th><th colspan="2">Price</th><th colspan="2">Yield</th></tr><tr><th>Bid</th><th>Change in bid from last month</th><th>To maturity</th><th>Change from last month</th></tr><tr><td>$2,888</td><td>2% - 6/15/93-C</td><td>6/15/92</td><td>3/</td><td>3/</td><td>1.90%</td><td>-38¢</td></tr><tr><td>8,116</td><td>2-1/4 - 2/15/94-A</td><td>8/15/93</td><td>99.30</td><td>+07</td><td>2.33</td><td>+30</td></tr><tr><td>1,696</td><td>2-3/8 - 6/1/94-B</td><td>6/1/93</td><td>100.04</td><td>+06</td><td>2.48</td><td>+21</td></tr></table>
Footnote at end of Table 4
Table 3.- Other Taxable Issues
(Price decimals are 32nd)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded b/</th></tr><tr><th>Bid</th><th>Change in bid from last month</th><th>To first call</th><th>Change from last month</th><th>High</th><th>Date</th><th>Price</th><th>Low</th><th>Date</th></tr><tr><td colspan="11">Treasury notes:</td></tr><tr><td>$10,542</td><td>2-1/8 - 12/1/93-A</td><td>100.00</td><td>+ .05</td><td>2.12%</td><td>-.32%</td><td>10/1/92</td><td>100.07</td><td>11/7/92</td><td>99.96</td><td>6/1/93</td></tr><tr><td>4,679</td><td>1-3/8 - 3/15/95-A</td><td>99.33</td><td>+ .09</td><td>2.23</td><td>-.28</td><td>12/15/94</td><td>100.10%</td><td>1/10/95</td><td>98.01$</td><td>5/9/91</td></tr><tr><td>5,955</td><td>1-1/2 - 3/15/95-A</td><td>98.13</td><td>+ .14</td><td>2.46</td><td>-.21</td><td>3/15/90</td><td>100.01</td><td>3/10/90</td><td>97.32</td><td>12/26/91</td></tr><tr><td>6,954</td><td>1-3/4 - 12/15/95-B</td><td>98.07</td><td>+ .13</td><td>2.90</td><td>-.82</td><td>12/15/90</td><td>100.04</td><td>1/19/91</td><td>97.31</td><td>6/1/93</td></tr><tr><td>1,007</td><td>1-1/2 - 1/1/96-EA</td><td>97.34</td><td>+ .06</td><td>2.47</td><td>-.04</td><td>4/1/91</td><td>98.33</td><td>5/26/92</td><td>97.06</td><td>6/16/93</td></tr><tr><td>590</td><td>1-1/2 - 10/1/96-80</td><td>96.88</td><td>+ .06</td><td>2.30</td><td>-.05</td><td>10/1/91</td><td>98.24</td><td>5/26/92</td><td>96.20</td><td>6/9/93</td></tr><tr><td>331</td><td>1-3/4 - 1/1/97-BA</td><td>96.08</td><td>+ .10</td><td>2.56</td><td>-.06</td><td>4/1/92</td><td>99.15</td><td>1/1/92</td><td>95.24</td><td>5/9/93</td></tr><tr><td>884</td><td>1-1/2 - 10/1/97-80</td><td>95.64</td><td>+ .28</td><td>2.56</td><td>-.21</td><td>10/1/92</td><td>97.08</td><td>2/19/93</td><td>94.24</td><td>6/6/93</td></tr><tr><td>71</td><td>1-1/2 - 1/1/98-BA</td><td>94.24</td><td>1.04</td><td>2.68</td><td>-.25</td><td>4/1/93</td><td>95.24</td><td>4/1/93</td><td>93.16</td><td>6/6/93</td></tr><tr><td colspan="11">Treasury bonds - bank eligible:</td></tr><tr><td>7,906</td><td>9-1/2/91/5/93-1/1</td><td>99.00</td><td>+ .05</td><td>1.99</td><td>-.25</td><td>9/15/93</td><td>104.18</td><td>3/11/96</td><td>99.19</td><td>12/26/91</td></tr><tr><td>310</td><td>9-1/2/91/5/93-5/2</td><td>98.20</td><td>+ .12</td><td>2.53</td><td>-.11</td><td>10/1/91</td><td>101.41</td><td>3/1/96</td><td>98.46</td><td>6/1/93</td></tr><tr><td>5,825</td><td>6/15/92-5/4</td><td>99.33</td><td>+ .13</td><td>2.30</td><td>-.33</td><td>6/26/94</td><td>104.21</td><td>2/13/96</td><td>99.10</td><td>5/29/93</td></tr><tr><td>1,901</td><td>3/15/92-5/5</td><td>99.33</td><td>+ .13</td><td>2.43</td><td>-.23</td><td>2/2/92</td><td>105.08</td><td>2/9/96</td><td>98.30</td><td>6/1/93</td></tr><tr><td>8,662</td><td>12/15/92-9/4</td><td>99.11</td><td>+ .11</td><td>2.46</td><td>-.21</td><td>12/1/92</td><td>102.00</td><td>3/1/96</td><td>99.06</td><td>6/6/93</td></tr><tr><td>1,449</td><td>2-1/2 - 3/15/96-5/8</td><td>98.30</td><td>+1.12</td><td>2.75</td><td>-.30</td><td>6/2/91</td><td>110.22</td><td>2/3/96</td><td>97.10</td><td>6/1/93</td></tr><tr><td>3,082</td><td>2-1/4 - 9/15/96-59</td><td>96.20</td><td>+1.02</td><td>2.89</td><td>-.18</td><td>2/2/94</td><td>107.16</td><td>1/6/96</td><td>95.04</td><td>6/2/93</td></tr><tr><td>977</td><td>2-1/4 - 3/15/97-55</td><td>97.43</td><td>+1.03</td><td>2.53</td><td>-.20</td><td>3/1/92</td><td>101.23</td><td>1/1/96</td><td>96.06</td><td>6/2/93</td></tr><tr><td>4,245</td><td>2-1/3 - 6/15/98</td><td>97.31</td><td>+1.11</td><td>2.88</td><td>-.28</td><td>1/1/92</td><td>100.16</td><td>1/1/96</td><td>96.10</td><td>6/1/93</td></tr><tr><td>620</td><td>2-1/2 - 12/15/98</td><td>98.15</td><td>+1.08</td><td>2.79</td><td>-.24</td><td>2/15/93</td><td>100.07</td><td>2/13/93</td><td>97.04</td><td>6/1/93</td></tr><tr><td>5,471</td><td>3-1/4 - 6/15/99-62</td><td>99.18</td><td>+2.00</td><td>3.94</td><td>-.26</td><td>6/1/95</td><td>104.20</td><td>4/6/96</td><td>98.02</td><td>6/1/93</td></tr><tr><td>3,467</td><td>2-1/4 - 12/15/99-66</td><td>98.18</td><td>+2.01</td><td>3.91</td><td>-.29</td><td>11/15/94</td><td>104.11</td><td>4/6/96</td><td>97.00</td><td>6/1/93</td></tr><tr><td>2,121</td><td>2-1/2 - 6/15/00-61</td><td>94.10</td><td>+1.26</td><td>3.01</td><td>-.15</td><td>5/5/94</td><td>105.32</td><td>4/6/96</td><td>98.00</td><td>6/1/93</td></tr><tr><td>2,901</td><td>2-1/2 - 12/15/00-63</td><td>93.15</td><td>+1.25</td><td>3.03</td><td>-.16</td><td>12/1/94</td><td>105.03</td><td>4/6/96</td><td>91.04</td><td>6/1/93</td></tr><tr><td>3,756</td><td>2-1/2 - 6/15/01-69</td><td>93.10</td><td>+2.02</td><td>3.03</td><td>-.17</td><td>1/13/95</td><td>107.13</td><td>4/6/96</td><td>93.88</td><td>6/1/93</td></tr><tr><td>2,716</td><td>2-1/2 - 9/15/01-72</td><td>98.12</td><td>+1.24</td><td>3.02</td><td>-.13</td><td>10/20/91</td><td>109.18</td><td>4/6/96</td><td>99.30</td><td>6/1/93</td></tr><tr><td>1,992</td><td>3-1/4 - 6/15/70-33</td><td>99.82</td><td>+1.16</td><td>3.86</td><td>-.03</td><td>5/1/53</td><td>100.11</td><td>4/20/53</td><td>98.20</td><td>6/1/93</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
August 1955
43
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1953
Table 3.- Other Taxable Issues - (Continued)
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded b./</th></tr><tr><th>Bid</th><th>Change in bid from last call month</th><th>To first call</th><th>Change from last month</th><th>High</th><th>Date</th><th>Low</th><th>Date</th></tr><tr><td colspan="11">Treasury bonds - bank restricted: 10/</td></tr><tr><td>$3,831</td><td>2-1/32 - 12/15/64-69</td><td>93.00</td><td>+1.28</td><td>3.04%</td><td>-.15%</td><td>9/15/63</td><td>107.28</td><td>4/6/66</td><td>90.20</td><td>6/1/53</td></tr><tr><td>$1,753</td><td>2-3/8 - 3/25/67-70</td><td>92.24</td><td>+1.22</td><td>3.06%</td><td>-.23</td><td>5/1/64</td><td>107.23</td><td>4/6/66</td><td>90.18</td><td>6/1/53</td></tr><tr><td>2,965</td><td>2-1/2 - 3/15/66-71</td><td>96.20</td><td>+1.19</td><td>3.04%</td><td>-.12</td><td>12/1/64</td><td>107.22</td><td>4/6/66</td><td>90.16</td><td>6/1/53</td></tr><tr><td>1,694</td><td>2-1/2 - 6/15/67-78</td><td>92.88</td><td>+0.08</td><td>3.00%</td><td>-.15</td><td>5/1/65</td><td>106.16</td><td>4/6/66</td><td>89.30</td><td>6/1/53</td></tr><tr><td>3,858</td><td>2-1/4 - 12/15/67-75</td><td>96.20</td><td>+0.00</td><td>3.00%</td><td>-.14</td><td>11/15/65</td><td>106.16</td><td>4/6/66</td><td>89.30</td><td>6/1/53</td></tr></table>
Footnotes at end of Table 4.
Table 4.- Tax-Exempt Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded ¼/</th></tr><tr><th>Bid</th><th>Change in bid from last month</th><th>To first call</th><th>Change from last month</th><th>High</th><th>Low</th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td colspan="11">Treasury bonds - bank eligible:</td></tr><tr><td>$681</td><td>2-1/4% - 6/15/94-56</td><td>100.16</td><td>+.05</td><td>1.75%</td><td>-.19%</td><td>7/22/90</td><td>109.29</td><td>3/12/96</td><td>100.10</td><td>5/18/93</td></tr><tr><td>2,611</td><td>2-7/8 - 3/15/92-50</td><td>101.17</td><td>+.09</td><td>1.95</td><td>-.21</td><td>3/15/93</td><td>116.08</td><td>1/26/96</td><td>98.30</td><td>9/20/93</td></tr><tr><td>985</td><td>2-3/4 - 9/15/95-99</td><td>109.12</td><td>+1.16</td><td>1.95</td><td>-.35</td><td>9/15/95</td><td>110.13</td><td>1/26/96</td><td>98.10</td><td>1/13/97</td></tr><tr><td>919</td><td>2-3/4 - 6/15/98-63</td><td>102.28</td><td>+1.08</td><td>2.14</td><td>-.06</td><td>6/15/98</td><td>117.04</td><td>1/25/96</td><td>99.15</td><td>9/29/99</td></tr><tr><td>1,485</td><td>2-3/4 - 12/15/00-65</td><td>104.00</td><td>+1.08</td><td>2.16</td><td>-.04</td><td>12/15/98</td><td>119.00</td><td>1/25/96</td><td>99.14</td><td>9/25/99</td></tr></table>
1/ Tax Anticipation Series.
2/ Amount issued on July 2, 1953, was $1,500 million.
3/ On yield basis only since first quoted August 4, 1952.
4/ Following April 18, 1953, were closing bid quotations in the over-the-counter market. Prices for prior dates are the mean of closing bid and ask quotations, except that before October 1, 1939, they are closing prices on the New York Stock Exchange. When issued, prices are included in history beginning October 1, 1939. Dates of highs and lows in case of recurrence are the latest dates.
5/ Not called for redemption on March 15, 1953. Will mature on September 15, 1953.
6/ Not called for redemption on June 15, 1953. Callable on four months' notice on December 15, 1953.
1/ Yield to maturity. Market convention treats the yield to earliest call date as more significant when an issue is selling above par; the yield to maturity as more significant when an issue is selling at or below par.
Included in the average of taxable Treasury bonds, due or callable from 12 to 20 years beginning April 15, 1953, as shown under "Average Yields of Long-Term Bonds".
2/ First quoted April 15, 1953. This issue is listed under a new long-term taxable Treasury bond class due or callable 20 years and after as shown under "Average Yields of Long-Term Bonds".
For definition, see "Debt Outstanding", Table 3, footnote 1.
All partially tax-exempt.
44
YIELDS OF TAXABLE TREASURY SECURITIES, JUNE 30, 1953
Based on Closing Bid Quotations
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1953
Office of the Secretary of the Treasury
F-598-A
August 1955
45
AVERAGE YIELDS OF LONG-TERM BONDS
Table 1.-Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
<table><tr><th>Period</th><th>Taxable Treasury bonds 3/8</th><th>Moody's Aaa corporate bonds 3/8</th><th>Period</th><th>Taxable Treasury bonds 3/8</th><th>Moody's Aaa corporate bonds 3/8</th><th>Period</th><th>Taxable Treasury bonds, due or callable - 3/8 From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 3/8</th></tr><tr><td colspan="9">Annual series - calendar year averages of monthly series</td></tr><tr><td>1942</td><td>2.46</td><td>2.33</td><td>1945</td><td>2.33</td><td>2.35</td><td></td><td></td><td></td></tr><tr><td>1943</td><td>2.47</td><td>2.73</td><td>1946</td><td>2.34</td><td>2.55</td><td></td><td></td><td></td></tr><tr><td>1944</td><td>2.46</td><td>2.72</td><td>1950</td><td>2.32</td><td>2.56</td><td></td><td></td><td></td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1951</td><td>2.57</td><td>2.36</td><td></td><td></td><td></td></tr><tr><td>1946</td><td>2.43</td><td>2.53</td><td>1952</td><td>2.53</td><td>2.36</td><td></td><td></td><td></td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="9">Monthly series - averages of daily series</td></tr><tr><td>1949-Jan</td><td>2.42</td><td>2.71</td><td>1951-Apr</td><td>2.56</td><td>2.87</td><td>1953-Apr</td><td>2.97</td><td>3.24</td></tr><tr><td>Feb</td><td>2.39</td><td>2.71</td><td>May</td><td>2.63</td><td>2.88</td><td>May</td><td>3.09</td><td>3.26</td></tr><tr><td>Mar</td><td>2.38</td><td>2.70</td><td>June</td><td>2.65</td><td>2.94</td><td>June</td><td>3.09</td><td>3.59</td></tr><tr><td>Apr</td><td>2.38</td><td>2.70</td><td>July</td><td>2.63</td><td>2.94</td><td></td><td></td><td>3.40</td></tr><tr><td>May</td><td>2.38</td><td>2.71</td><td>Aug</td><td>2.77</td><td>2.88</td><td></td><td></td><td></td></tr><tr><td>June</td><td>2.39</td><td>2.71</td><td>Sep</td><td>2.95</td><td>2.84</td><td></td><td></td><td></td></tr><tr><td>July</td><td>2.37</td><td>2.67</td><td>Oct</td><td>2.91</td><td>2.82</td><td></td><td></td><td></td></tr><tr><td>Aug</td><td>2.24</td><td>2.62</td><td>Nov</td><td>2.66</td><td>2.96</td><td></td><td></td><td></td></tr><tr><td>Sep</td><td>2.22</td><td>2.60</td><td>Dec</td><td>2.70</td><td>3.01</td><td></td><td></td><td></td></tr><tr><td>Oct</td><td>2.22</td><td>2.61</td><td>1952-Jan</td><td>2.74</td><td>2.98</td><td></td><td></td><td></td></tr><tr><td>Nov</td><td>2.20</td><td>2.58</td><td>Feb</td><td>2.71</td><td>2.93</td><td></td><td></td><td></td></tr><tr><td>Dec</td><td>2.19</td><td>2.58</td><td>Mar</td><td>2.70</td><td>2.95</td><td></td><td></td><td></td></tr><tr><td>1950-Jan</td><td>2.20</td><td>2.57</td><td>Apr</td><td>2.64</td><td>2.93</td><td></td><td></td><td></td></tr><tr><td>Feb</td><td>2.24</td><td>2.58</td><td>May</td><td>2.57</td><td>2.93</td><td></td><td></td><td></td></tr><tr><td>Mar</td><td>2.27</td><td>2.58</td><td>June</td><td>2.61</td><td>2.94</td><td></td><td></td><td></td></tr><tr><td>Apr</td><td>2.30</td><td>2.60</td><td>July</td><td>2.61</td><td>2.95</td><td></td><td></td><td></td></tr><tr><td>May</td><td>2.31</td><td>2.61</td><td>Aug</td><td>2.70</td><td>2.94</td><td></td><td></td><td></td></tr><tr><td>June</td><td>2.33</td><td>2.62</td><td>Sept</td><td>2.72</td><td>2.95</td><td></td><td></td><td></td></tr><tr><td>July</td><td>2.34</td><td>2.69</td><td>Oct</td><td>2.74</td><td>3.01</td><td></td><td></td><td></td></tr><tr><td>Aug</td><td>2.33</td><td>2.61</td><td>Nov</td><td>2.71</td><td>2.98</td><td></td><td></td><td></td></tr><tr><td>Sept</td><td>2.36</td><td>2.64</td><td>Dec</td><td>2.75</td><td>2.97</td><td></td><td></td><td></td></tr><tr><td>Oct</td><td>2.38</td><td>2.67</td><td>1953-Jan</td><td>2.80</td><td>3.02</td><td></td><td></td><td></td></tr><tr><td>Nov</td><td>2.38</td><td>2.67</td><td>Feb</td><td>2.83</td><td>3.07</td><td></td><td></td><td></td></tr><tr><td>Dec</td><td>2.39</td><td>2.67</td><td>Mar</td><td>2.59</td><td>3.12</td><td></td><td></td><td></td></tr><tr><td>1951-Jan</td><td>2.39</td><td>2.66</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb</td><td>2.40</td><td>2.56</td><td>1953-Feb</td><td>2.51</td><td>3.05</td><td>1953-Apr</td><td>2.96</td><td>3.24</td></tr><tr><td>Mar</td><td>2.47</td><td>2.78</td><td>13.</td><td>2.51</td><td>3.06</td><td>May</td><td>2.99</td><td>3.24</td></tr><tr><td colspan="9">Weekly series - averages of daily series for weeks ending -</td></tr><tr><td>1952-Dec. 3...</td><td>2.72</td><td>2.96</td><td>1953-Feb. 6.</td><td>2.51</td><td>3.05</td><td>1953-Apr. 17.</td><td>2.96</td><td>3.22</td></tr><tr><td>12.</td><td>2.72</td><td>2.97</td><td>13.</td><td>2.51</td><td>3.06</td><td>24.</td><td>2.99</td><td>3.24</td></tr><tr><td>19.</td><td>2.76</td><td>2.98</td><td>20.</td><td>2.52</td><td>3.08</td><td>1.</td><td>3.04</td><td>3.26</td></tr><tr><td>26.</td><td>2.79</td><td>2.98</td><td>27.</td><td>2.88</td><td>3.09</td><td>8.</td><td>3.08</td><td>3.33</td></tr><tr><td>1953-Jan. 2.</td><td>2.80</td><td>2.98</td><td>Mar. 6.</td><td>2.87</td><td>3.11</td><td>15.</td><td>3.08</td><td>3.26</td></tr><tr><td>9.</td><td>2.79</td><td>2.99</td><td>13.</td><td>2.87</td><td>3.10</td><td>22.</td><td>3.09</td><td>3.35</td></tr><tr><td>16.</td><td>2.80</td><td>3.01</td><td>20.</td><td>2.88</td><td>3.12</td><td>29.</td><td>3.12</td><td>3.39</td></tr><tr><td>23.</td><td>2.80</td><td>3.04</td><td>27.</td><td>2.94</td><td>3.14</td><td>June 5.</td><td>3.15</td><td>3.30</td></tr><tr><td>30.</td><td>2.80</td><td>3.05</td><td>Apr. 3.</td><td>2.93</td><td>3.18</td><td>12.</td><td>3.10</td><td>3.30</td></tr><tr><td></td><td></td><td></td><td>10.</td><td>2.91</td><td>3.19</td><td>19.</td><td>3.10</td><td>3.31</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>26.</td><td>3.09</td><td>3.38</td></tr><tr><td colspan="9">Daily series - unweighted averages</td></tr><tr><th>Period</th><th>Taxable Treasury bonds, due or callable - 3/8 From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 3/8</th><th>Period</th><th>Taxable Treasury bonds, due or callable - 3/8 From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 3/8</th><th>Period</th><th>Taxable Treasury bonds, due or callable - 3/8 From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 3/8</th></tr><tr><td>1953-June 1...</td><td>3.20</td><td>3.38</td><td>1953-June 10</td><td>3.09</td><td>3.29</td><td>1953-June 22</td><td>3.10</td><td>3.30</td></tr><tr><td>2.</td><td>3.19</td><td>3.32</td><td>11</td><td>3.10</td><td>3.30</td><td>23</td><td>3.09</td><td>3.29</td></tr><tr><td>3.</td><td>3.15</td><td>3.30</td><td>12</td><td>3.11</td><td>3.31</td><td>24</td><td>3.07</td><td>3.28</td></tr><tr><td>4.</td><td>3.12</td><td>3.29</td><td>15</td><td>3.12</td><td>3.31</td><td>25</td><td>3.00</td><td>3.26</td></tr><tr><td>7.</td><td>3.10</td><td>3.29</td><td>16</td><td>3.10</td><td>3.31</td><td>26</td><td>3.01</td><td>3.26</td></tr><tr><td>8.</td><td>3.11</td><td>3.30</td><td>17</td><td>3.08</td><td>3.30</td><td>29</td><td>3.01</td><td>3.26</td></tr><tr><td>9.</td><td>3.09</td><td>3.29</td><td>18</td><td>3.10</td><td>3.31</td><td>30</td><td>3.02</td><td>3.26</td></tr><tr><td></td><td></td><td>3.40</td><td>19</td><td>3.10</td><td>3.30</td><td></td><td></td><td>3.37</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3.36</td></tr></table>
1/ Beginning April 1953, Treasury bond yields are reported to the Treasury by the Federal Reserve Bank of New York, based on closing bid quotations in the over-the-counter market. Yields for prior periods were computed on the basis of the mean of closing bid and ask quotations. For definition of taxable bonds, see footnotes to the "Treasury Survey of Ownership" in this issue of the "Treasury Bulletin".
2/ Prior to April 1953, the single series on long-term taxable Treasury bonds included the following: April 1952 through March 1953, bonds neither due nor callable for 12 years; December 1953 through March 1952, bonds neither due nor callable for 15 years. For a discussion of the
composition of these Treasury bond averages, see the "Treasury Bulletin" for March 1944, page 58.
3/ Woody's Investors Service average of Aaa corporate bonds. This series supersedes the Treasury average of high-grade corporate bonds previously shown in this table, which was discontinued after March 1953.
4/ The long-term taxable Treasury bond average was revised beginning April 1, 1952, see footnote 2. The old average for April 1952 was 2.62 percent.
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
Monthly averages of daily figures. See footnote 2 to Table 1 under "Averoge Yields of Long-Term Bonds".
F-220-L
Office of the Secretary of the Treasury
46
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM BONDS
August 1955
47
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
<table><tr><th></th><th>Total receipts from Internal revenue (Daily Treasury Statement)</th><th>Adjustment to collections to 1917 Treasury Statement</th><th>Total internal revenue collections</th><th>Corporate income and profits tax base $/</th><th>Total</th><th>Individual income tax not withheld $/</th><th>Individual income tax withheld $/</th><th>Old-age insurance taxes $/</th><th>Retiree retirement fund</th><th>Unemployed insurance</th></tr><tr><td>Fiscal year or month</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1921</td><td>12,393,118</td><td>-36,797</td><td>13,293,915</td><td>4,744,063</td><td>4,448,166</td><td>3,606,300</td><td>696,015</td><td>995,336</td><td>170,409</td><td>119,617</td></tr><tr><td>1922</td><td>22,143,959</td><td>-284,759</td><td>22,368,726</td><td>8,668,296</td><td>8,428,637</td><td>7,043,927</td><td>1,683,435</td><td>1,331,546</td><td>211,151</td><td>126,006</td></tr><tr><td>1923</td><td>31,410,308</td><td>-41,091</td><td>31,469,210</td><td>16,706,623</td><td>16,999,378</td><td>13,417,570</td><td>7,623,375</td><td>1,299,025</td><td>259,011</td><td>136,331</td></tr><tr><td>1924</td><td>43,308,002</td><td>-101,604</td><td>43,200,338</td><td>16,087,233</td><td>20,831,491</td><td>8,770,094</td><td>10,064,219</td><td>1,307,931</td><td>258,795</td><td>168,439</td></tr><tr><td>1925</td><td>40,310,333</td><td>-361,599</td><td>40,671,922</td><td>12,933,602</td><td>20,405,364</td><td>8,846,347</td><td>9,097,589</td><td>1,837,825</td><td>238,295</td><td>170,742</td></tr><tr><td>1926</td><td>39,379,409</td><td>+871,135</td><td>39,108,273</td><td>9,676,727</td><td>21,367,662</td><td>9,501,012</td><td>9,942,828</td><td>1,458,934</td><td>379,255</td><td>109,976</td></tr><tr><td>1927</td><td>41,101,001</td><td>-11,091</td><td>41,394,356</td><td>10,174,310</td><td>23,379,423</td><td>10,413,704</td><td>11,533,977</td><td>2,622,721</td><td>960,113</td><td>208,908</td></tr><tr><td>1928</td><td>40,307,828</td><td>-159,814</td><td>40,463,113</td><td>11,953,659</td><td>20,327,935</td><td>7,996,320</td><td>10,095,528</td><td>1,687,151</td><td>562,734</td><td>286,283</td></tr><tr><td>1929</td><td>39,443,607</td><td>+491,438</td><td>38,597,126</td><td>10,894,321</td><td>19,797,837</td><td>7,804,332</td><td>9,988,976</td><td>1,973,401</td><td>245,035</td><td>283,135</td></tr><tr><td>1930</td><td>31,360,407</td><td>+650,502</td><td>30,710,695</td><td>11,364,969</td><td>26,624,763</td><td>9,924,783</td><td>13,029,765</td><td>9,010,794</td><td>755,710</td><td>336,954</td></tr><tr><td>1931</td><td>25,634,450</td><td>+662,502</td><td>25,009,333</td><td>21,466,310</td><td>33,738,370</td><td>11,384,060</td><td>17,369,047</td><td>3,354,026</td><td>680,682</td><td>259,616</td></tr><tr><td>1932</td><td>59,930,655</td><td>+444,145</td><td>59,686,509</td><td>21,594,215</td><td>37,824,632</td><td>11,603,942</td><td>24,750,494</td><td>1,088,969</td><td>680,969</td><td>271,214</td></tr><tr><td>1933</td><td>3,413,233</td><td>-430,729</td><td>3,343,903</td><td>297,770</td><td>1,339,176</td><td>393,423</td><td>1,338,753</td><td>3,266</td><td>3,266</td><td>4,284</td></tr><tr><td>1934</td><td>6,170,598</td><td>+1,138,218</td><td>5,368,918</td><td>936,018</td><td>1,490,039</td><td>4,127,458</td><td>1,362,575</td><td>6,597,775</td><td>3,279</td><td>14,637</td></tr><tr><td>September</td><td>6,170,598</td><td>+1,138,218</td><td>5,368,918</td><td>2,441,771</td><td>1,969,678</td><td>1,638,393</td><td>831,764</td><td>9,279</td><td>9,279</td><td>763</td></tr><tr><td>October</td><td>3,250,106</td><td>-250,741</td><td>3,700,847</td><td>357,172</td><td>1,605,436</td><td>164,390</td><td>1,633,537</td><td>3,690</td><td>3,690</td><td>4,117</td></tr><tr><td>November</td><td>4,332,685</td><td>+313,043</td><td>5,245,803</td><td>356,662</td><td>4,246,421</td><td>103,607</td><td>3,948,875</td><td>35,682</td><td>35,682</td><td>23,543</td></tr><tr><td>December</td><td>5,968,928</td><td>+1,599,028</td><td>4,367,900</td><td>2,703,165</td><td>548,558</td><td>357,574</td><td>350,068</td><td>24,209</td><td>24,209</td><td>208</td></tr><tr><td>1935-January</td><td>4,978,366</td><td>+405,912</td><td>5,378,278</td><td>501,197</td><td>4,039,683</td><td>2,894,366</td><td>1,444,250</td><td>4,288</td><td>4,288</td><td>36,679</td></tr><tr><td>February</td><td>6,150,109</td><td>+1,161,657</td><td>7,313,365</td><td>404,458</td><td>6,063,004</td><td>859,012</td><td>4,990,021</td><td>67,158</td><td>67,158</td><td>168,761</td></tr><tr><td>March</td><td>11,500,238</td><td>+1,211,009</td><td>10,474,763</td><td>6,211,009</td><td>3,140,427</td><td>2,463,947</td><td>5,686,468</td><td>9,085</td><td>9,085</td><td>6,458</td></tr><tr><td>April</td><td>3,900,238</td><td>+225,286</td><td>4,325,682</td><td>694,130</td><td>2,392,427</td><td>894,692</td><td>1,666,826</td><td>3,098</td><td>3,098</td><td>4,282</td></tr><tr><td>May</td><td>4,360,068</td><td>+1,090,318</td><td>6,010,336</td><td>338,933</td><td>4,738,593</td><td>190,948</td><td>4,319,981</td><td>50,585</td><td>50,585</td><td>17,175</td></tr><tr><td>June</td><td>10,117,195</td><td>+1,457,107</td><td>8,660,038</td><td>5,683,130</td><td>8,063,047</td><td>1,437,480</td><td>587,160</td><td>99,399</td><td>99,399</td><td>-1,138</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Total miscellaneous internal revenue</th><th>Capital stock tax 5/</th><th> Estate and gift taxes</th><th>Liquor taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' and retailers' excise taxes</th><th>Miscellaneous taxes</th></tr><tr><td>1926</td><td>3,837,670</td><td>281,900</td><td>132,540</td><td>1,048,265</td><td>703,798</td><td>41,708</td><td>852,055</td><td>400,805</td></tr><tr><td>1927</td><td>4,571,131</td><td>328,759</td><td>447,496</td><td>1,423,480</td><td>981,697</td><td>45,125</td><td>670,012</td><td>732,335</td></tr><tr><td>1928</td><td>5,333,336</td><td>381,702</td><td>511,210</td><td>1,618,045</td><td>998,463</td><td>50,600</td><td>783,698</td><td>1,075,408</td></tr><tr><td>1929</td><td>5,925,634</td><td>371,999</td><td>543,099</td><td>2,309,604</td><td>938,245</td><td>65,928</td><td>1,205,615</td><td>1,410,485</td></tr><tr><td>1930</td><td>7,712,956</td><td>382,121</td><td>576,832</td><td>2,362,162</td><td>1,365,519</td><td>87,676</td><td>1,414,717</td><td>1,489,993</td></tr><tr><td>1931</td><td>8,053,894</td><td>1,597</td><td>779,231</td><td>2,474,795</td><td>1,237,768</td><td>79,978</td><td>1,939,621</td><td>1,550,842</td></tr><tr><td>1932</td><td>8,313,903</td><td>1,763</td><td>959,343</td><td>2,625,380</td><td>1,300,880</td><td>79,466</td><td>2,119,157</td><td>1,655,711</td></tr><tr><td>1933</td><td>9,203,538</td><td>1,738</td><td>798,631</td><td>2,817,301</td><td>1,362,873</td><td>78,383</td><td>2,472,764</td><td>1,729,729</td></tr><tr><td>1934</td><td>8,306,992</td><td>266</td><td>706,286</td><td>2,232,195</td><td>1,383,464</td><td>84,648</td><td>2,845,128</td><td>1,780,908</td></tr><tr><td>1935</td><td>9,433,348</td><td>-</td><td>729,730</td><td>2,564,807</td><td>1,350,396</td><td>93,407</td><td>3,060,690</td><td>1,984,398</td></tr><tr><td>1936</td><td>933,412</td><td>-</td><td>831,437</td><td>2,342,038</td><td>1,667,458</td><td>94,299</td><td>3,087,099</td><td>1,944,111</td></tr><tr><td>1937</td><td>10,837,375</td><td>-</td><td>891,684</td><td>2,730,965</td><td>1,654,911</td><td>90,315</td><td>3,358,705</td><td>2,061,830</td></tr><tr><td>1938-July</td><td>947,042</td><td>-</td><td>83,553</td><td>245,539</td><td>140,304</td><td>5,989</td><td>267,765</td><td>203,829</td></tr><tr><td>August</td><td>947,655</td><td>-</td><td>69,501</td><td>205,189</td><td>147,133</td><td>6,331</td><td>258,331</td><td>168,268</td></tr><tr><td>September</td><td>965,982</td><td>-</td><td>58,982</td><td>297,098</td><td>147,008</td><td>10,776</td><td>263,340</td><td>183,371</td></tr><tr><td>October</td><td>967,891</td><td>-</td><td>56,634</td><td>289,051</td><td>156,530</td><td>5,728</td><td>248,434</td><td>215,438</td></tr><tr><td>November</td><td>965,289</td><td>-</td><td>50,219</td><td>288,239</td><td>127,176</td><td>10,686</td><td>267,606</td><td>120,663</td></tr><tr><td>December</td><td>940,043</td><td>-</td><td>70,130</td><td>220,397</td><td>134,307</td><td>5,310</td><td>312,293</td><td>216,121</td></tr><tr><td>1939-January</td><td>837,400</td><td>-</td><td>76,982</td><td>187,998</td><td>135,729</td><td>6,237</td><td>282,730</td><td>147,825</td></tr><tr><td>February</td><td>966,509</td><td>-</td><td>64,830</td><td>185,596</td><td>132,569</td><td>10,018</td><td>308,881</td><td>149,312</td></tr><tr><td>March</td><td>973,994</td><td>-</td><td>153,054</td><td>223,690</td><td>143,621</td><td>5,983</td><td>275,369</td><td>155,599</td></tr><tr><td>April</td><td>938,066</td><td>-</td><td>94,378</td><td>230,448</td><td>132,811</td><td>11,753</td><td>291,318</td><td>161,225</td></tr><tr><td>May</td><td>932,979</td><td>-</td><td>68,074</td><td>228,899</td><td>128,962</td><td>5,805</td><td>320,181</td><td>166,997</td></tr><tr><td>June</td><td>932,702</td><td>-</td><td>99,911</td><td>236,998</td><td>136,104</td><td>5,437</td><td>307,009</td><td>168,222</td></tr></table>
Source: Daily Treasury Statement for total receipts from internal revenue; reports by the Bureau of Internal Revenue for collections by type of tax; and by the Treasury Department for collection by agency. Receipts on the Daily Treasury Statement basis are compiled from the latest daily reports from Government depositaries; they do not coincide with the figures reported by the Internal Revenue Department for collections and become certain taxes are paid directly into the depositaries. 1/ Included collections for credit to certain trust accounts for Island populations; includes corporation income tax on Alaska Railroad (repealed by Public Law 356, approved June 10, 1932, for taxable years ending after that date). 2/ The following taxes formerly shown separately as follows: unjust enrichment through 1947 (thereafter these collections are included under "Miscellaneous taxes"); declared value (repealed for revenue purposes by Public Law 581, approved October 24, 1933). Title II of the Second Revenue Act of 1940, which was repealed for
years ending after December 31, 1949). Includes also excess profits taxes paid and collected in the years beginning on or after December 31, 1949, and income tax on business income of exempt organizations, imposed by the Revenue Act of 1951, approved October 20, 1951. Income tax on income from certain types of private foundations, self-employment income, which is levied and collected as part of the individual income tax beginning with the taxable year 1951. Fiscal year income tax on certain corporations, levied on the basis of estimates beginning 1952, and it is included under "Old-age insurance taxes" The estimate for 1953 is not yet available. V/ Withheld income tax on income from certain taxes on employers and employees are paid into the Treasury in combined amounts beginning January 1951, so that current collections are not separate as to type of tax. The estimate for 1953 is not yet available. Separate beginning 1951, but the estimate for 1953 is not yet available. Z/ Repealed for years ending after June 30, 1949. R/ Repealed under "Miscellaneous taxes" for fiscal year 1950.
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Fiscal Years 1938-53
Office of the Secretary of the Treasury
8-165-N
August 1955
49
INTERNAL REVENUE COLLECTIONS
Table 2.- Detail of Co
Collections by Type of Tax
(In thousands of dollars)
<table><tr><th>Type of tax</th><th colspan="2">Fiscal year</th><th colspan="2">Twelfth month of fiscal year</th></tr><tr><th></th><th>1951</th><th>1952</th><th>1953</th><th>1952 (June 1952)</th><th>1953 (June 1953)</th></tr><tr><td>Corporation income and profit taxes $/....</td><td>14,387,569</td><td>21,466,910</td><td>21,594,515</td><td>5,659,129</td><td>5,683,320</td></tr><tr><td colspan="6">Individual income tax and employment taxes:</td></tr><tr><td>Income tax not withheld 3/</td><td>9,907,519</td><td>11,245,060</td><td>11,601,342</td><td>1,477,768</td><td>1,437,420</td></tr><tr><td>Income tax withheld and old-age insurance 4/</td><td>15,903,519</td><td>21,313,072</td><td>24,750,434</td><td>705,105</td><td>567,360</td></tr><tr><td>Railroad retirement 4/</td><td>79,779</td><td>650,562</td><td>683,969</td><td>94,985</td><td>99,199</td></tr><tr><td>Unemployment insurance</td><td>236,952</td><td>259,616</td><td>271,214</td><td>2,879</td><td>1,133</td></tr><tr><td>Total individual income tax and employment taxes</td><td>26,654,758</td><td>33,733,370</td><td>37,254,619</td><td>2,281,619</td><td>2,063,047</td></tr><tr><td colspan="6">Miscellaneous internal revenue:</td></tr><tr><td>Estate tax</td><td>638,523</td><td>750,591</td><td>784,590</td><td>47,265</td><td>59,331</td></tr><tr><td>Gift tax</td><td>91,207</td><td>82,556</td><td>106,694</td><td>639</td><td>1,518</td></tr><tr><td colspan="6">Liquor taxes:</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>172,362</td><td>187,479</td><td>203,794</td><td>14,257</td><td>17,562</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>1,374,478</td><td>1,408,280</td><td>1,636,057</td><td>112,099</td><td>134,166</td></tr><tr><td>Distilled spirits, rectification tax</td><td>38,051</td><td>31,812</td><td>35,721</td><td>2,180</td><td>2,797</td></tr><tr><td>Vine, cordials, etc. (domestic, excise)</td><td>3,710</td><td>773</td><td>76,256</td><td>271</td><td>141</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>63,316</td><td>68,621</td><td>76,579</td><td>5,358</td><td>5,268</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>9,161</td><td>15,240</td><td>16,272</td><td>3,517</td><td>3,334</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>12</td><td>28</td><td>24</td><td>1</td><td>1</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>1,090</td><td>1,685</td><td>1,080</td><td>141</td><td>100</td></tr><tr><td>Container stamps</td><td>14,281</td><td>12,980</td><td>13,319</td><td>814</td><td>1,158</td></tr><tr><td>Floor taxes</td><td>12</td><td>93,008</td><td>21,956</td><td>2,118</td><td>32</td></tr><tr><td>Permitted malt liquors</td><td>665,009</td><td>787,604</td><td>762,983</td><td>74,979</td><td>70,299</td></tr><tr><td>Brewers' dealers in malt liquors (special taxes)</td><td>4,468</td><td>5,418</td><td>3,215</td><td>1,186</td><td>1,086</td></tr><tr><td>Total liquor taxes</td><td>2,946,807</td><td>2,549,088</td><td>2,780,925</td><td>280,086</td><td>216,958</td></tr><tr><td colspan="6">Tobacco taxes:</td></tr><tr><td>Cigars (large)</td><td>44,320</td><td>44,760</td><td>46,277</td><td>3,382</td><td>3,807</td></tr><tr><td>Cigars (small)</td><td>56</td><td>50</td><td>49</td><td>1</td><td>1</td></tr><tr><td>Cigarettes (large)</td><td>7</td><td>12</td><td>7</td><td></td><td></td></tr><tr><td>Cigarettes (small)</td><td>1,893,966</td><td>1,474,060</td><td>1,586,775</td><td>142,352</td><td>130,512</td></tr><tr><td>Snuff</td><td>7,233</td><td>4,796</td><td>3,821</td><td>313</td><td>130</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>33,870</td><td>28,817</td><td>17,834</td><td>1,230</td><td>1,408</td></tr><tr><td>Cigarette papers and tubes</td><td>1,041</td><td>913</td><td>717</td><td>200</td><td>142</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>1</td><td>2</td><td>1</td><td></td><td>1</td></tr><tr><td>Cigarette and cigar floor taxes</td><td>1</td><td>17,752</td><td>19</td><td>98</td><td>1</td></tr><tr><td>Total tobacco taxes</td><td>1,330,396</td><td>1,565,168</td><td>1,654,911</td><td>148,159</td><td>135,184</td></tr><tr><td colspan="6">Stamp taxes:</td></tr><tr><td>Bonds, issues and transfers of capital stock, deeds of conveyance, etc.</td><td>84,735</td><td>77,356</td><td>85,640</td><td>5,356</td><td>1,902</td></tr><tr><td>Playing cards</td><td>8,281</td><td>7,133</td><td>7,532</td><td>483</td><td>933</td></tr><tr><td>Silver bullion sales or transfers</td><td>100</td><td>86</td><td>97</td><td>19</td><td>3</td></tr><tr><td>Total stamp taxes</td><td>93,107</td><td>84,955</td><td>90,319</td><td>5,866</td><td>2,938</td></tr><tr><td colspan="6">Manufacturers' excise taxes:</td></tr><tr><td>Laboring oils</td><td>97,238</td><td>95,286</td><td>73,321</td><td>11,376</td><td>6,088</td></tr><tr><td>Gasoline</td><td>569,048</td><td>733,174</td><td>890,679</td><td>71,743</td><td>73,670</td></tr><tr><td>Tires and tubes</td><td>198,383</td><td>161,328</td><td>180,047</td><td>18,987</td><td>16,813</td></tr><tr><td>Automobile trucks and buses</td><td>121,839</td><td>117,445</td><td>210,032</td><td>22,303</td><td>23,930</td></tr><tr><td>Other automobiles and motorcycles</td><td>653,363</td><td>578,149</td><td>785,716</td><td>70,558</td><td>89,719</td></tr><tr><td>Parts and accessories for automobiles</td><td>119,475</td><td>164,135</td><td>177,924</td><td>14,443</td><td>12,954</td></tr><tr><td>Electrical energy 2/</td><td>93,138</td><td>93,094</td><td>1</td><td>230</td><td>1</td></tr><tr><td>Electric, gas, and oil appliances</td><td>121,996</td><td>99,344</td><td>113,390</td><td>7,174</td><td>9,427</td></tr><tr><td>Electric light bulbs and tubes</td><td>39,836</td><td>30,735</td><td>35,684</td><td>2,715</td><td>4,257</td></tr><tr><td>Radio sets, phonographs, etc.</td><td>128,324</td><td>118,044</td><td>129,253</td><td>8,106</td><td>12,931</td></tr><tr><td>Photograph records</td><td>7,007</td><td>6,880</td><td>7,617</td><td>446</td><td>600</td></tr><tr><td>Musical instruments</td><td>10,756</td><td>9,412</td><td>11,048</td><td>819</td><td>1,175</td></tr><tr><td>Mechanical re-Pri-ganizers, etc.</td><td>96,319</td><td>57,970</td><td>87,424</td><td>5,465</td><td>8,284</td></tr><tr><td>Matches, etc.</td><td>10,169</td><td>8,032</td><td>8,950</td><td>560</td><td>759</td></tr><tr><td>Firearms and storing machines</td><td>44,901</td><td>43,315</td><td>50,249</td><td>3,451</td><td>3,961</td></tr><tr><td>Photographic apparatus</td><td>46,080</td><td>33,766</td><td>39,401</td><td>2,171</td><td>2,464</td></tr><tr><td>Sporting goods</td><td>17,862</td><td>16,201</td><td>12,362</td><td>1,098</td><td>1,287</td></tr><tr><td>Firearms, shells, and cartridges</td><td>17,984</td><td>10,979</td><td>12,148</td><td>983</td><td>1,288</td></tr><tr><td>Pistols and revolvers</td><td>768</td><td>1,472</td><td>983</td><td>93</td><td>102</td></tr><tr><td>Mechanical pencils, pens, and lighters 5/</td><td>1</td><td>4,800</td><td>11,918</td><td>875</td><td>736</td></tr><tr><td>Total manufacturers' excise taxes</td><td>2,383,677</td><td>2,348,343</td><td>2,866,788</td><td>239,588</td><td>278,403</td></tr></table>
Footnotes at end of table.
(Continued on following page)
50
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
Table 2.- Detail of Collections by Type of Tax 1/ - (Continued)
(In thousands of dollars)
<table><tr><th>Type of tax</th><th>1951</th><th>1952</th><th>1953</th><th>Twelfth month of fiscal year 1958 (June 1958)</th><th>1953 (June 1953)</th></tr><tr><td>Miscellaneous internal revenue (continued):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retailers' excise taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pure</td><td>57,604</td><td>51,456</td><td>49,891</td><td>8,304</td><td>2,251</td></tr><tr><td>Jewelry</td><td>210,239</td><td>250,339r</td><td>236,514</td><td>12,054</td><td>16,136</td></tr><tr><td>Luggage</td><td>82,811</td><td>90,799</td><td>95,744</td><td>1,806</td><td>7,888</td></tr><tr><td>Toilet preparations</td><td>106,339</td><td>112,992</td><td>115,667</td><td>8,254</td><td>8,875</td></tr><tr><td>Total retailers' excise taxes</td><td>457,013</td><td>475,666r</td><td>495,917</td><td>33,458</td><td>34,606</td></tr><tr><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sugar Act of 1937</td><td>80,192</td><td>78,473</td><td>78,161</td><td>5,448</td><td>5,946</td></tr><tr><td>Telephone, telegraph, radio, and cable facilities</td><td>324,660</td><td>339,434</td><td>417,568</td><td>36,351</td><td>33,993</td></tr><tr><td>Local telephone service</td><td>300,320</td><td>310,317</td><td>371,591</td><td>87,811</td><td>33,111</td></tr><tr><td>Transportation of oil by pipe line</td><td>24,946</td><td>26,881</td><td>26,378</td><td>8,135</td><td>2,754</td></tr><tr><td>Transportation of parsons, etc.</td><td>237,617</td><td>272,174</td><td>287,405</td><td>20,039</td><td>21,658</td></tr><tr><td>Transportation of property</td><td>381,342</td><td>388,995</td><td>410,213</td><td>30,306</td><td>35,701</td></tr><tr><td>Leases of safe-deposit boxes</td><td>9,569</td><td>10,211</td><td>10,814</td><td>735</td><td>792</td></tr><tr><td>Admission to theaters, concerts, etc.</td><td>346,426</td><td>330,817r</td><td>312,811</td><td>23,253</td><td>25,869</td></tr><tr><td>Admission to cabarets, roof gardens, etc.</td><td>46,246</td><td>45,458</td><td>45,593</td><td>3,908</td><td>3,904</td></tr><tr><td>Club dues and initiation fees</td><td>30,120</td><td>33,926</td><td>36,889</td><td>3,304</td><td>3,429</td></tr><tr><td>Bowling alleys, pool tables, etc.</td><td>3,610</td><td>3,997</td><td>3,411</td><td>404</td><td>348</td></tr><tr><td>Coin operated devices</td><td>20,731</td><td>18,883</td><td>16,909</td><td>991</td><td>988</td></tr><tr><td>Adulterated and processed or renovated butter, and filled cheese</td><td>11,662</td><td>9,915</td><td>9,969</td><td>268</td><td>247</td></tr><tr><td>Carbohydrates, including artificial and special sugars</td><td>19,088</td><td>15,205</td><td>17,997</td><td>1,840</td><td>1,060</td></tr><tr><td>Coconut and other vegetable oils processed</td><td>9</td><td>29</td><td>7</td><td>84</td><td>114</td></tr><tr><td>National Firearms Act</td><td>9</td><td>7,138</td><td>15,091</td><td>1,251</td><td>1,829</td></tr><tr><td>Diiesel oil 1/2</td><td>-</td><td>5,345</td><td>10,902</td><td>859</td><td>903</td></tr><tr><td>Wagering taxes 5/</td><td>-</td><td>1,261</td><td>647</td><td>1,015</td><td>53</td></tr><tr><td>All other, including repealed taxes not shown separately</td><td>381</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total miscellaneous taxes</td><td>1,942,598</td><td>1,947,313r</td><td>2,061,230</td><td>197,125</td><td>168,222</td></tr><tr><td>Total miscellaneous internal revenue</td><td>9,333,328</td><td>9,804,112</td><td>10,837,375</td><td>852,042</td><td>913,723</td></tr><tr><td>Total internal revenue collections</td><td>50,445,686</td><td>65,009,393</td><td>69,686,509</td><td>8,798,790</td><td>8,660,088</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>+660,409</td><td>+625,502</td><td>+244,145</td><td>+1,199,593</td><td>+1,457,107</td></tr><tr><td>Total receipts from internal revenue (Daily Treasury Statement)</td><td>51,106,095</td><td>65,634,894</td><td>69,930,655</td><td>9,998,383</td><td>10,117,195</td></tr></table>
Source: Daily Treasury Statement for total receipts from Internal revenue; reports by the Bureau of Internal Revenue for collections by type of tax; and by type of tax, available only on a collection basis. Receipts on the Daily Treasury Statement include receipts from the latest daily reports from Government depositories; they do not coincide with amounts reported by the Bureau because of the lag in deposits of collections, and because certain taxes are paid directly into the depositories.
Excludes collections for credit to certain trust accounts for island populations and for certain trust accounts in Alaska (repealed by Public Law 356, approved June 10, 1958, for taxable years ending after that date).
Includes the income tax on farm and dairy contracts imposed by the Vining Act as amended (38 U.S.C. 456), and income tax on business income of exempt organizations, imposed by the Revenue Act of 1951, and by the Revenue Act of 1954.
Includes old-age insurance tax on self-employment income, imposed by
the Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950. The tax is levied and collected as part of the individual income tax. In addition with the taxable year 1951. For estimated fiscal year breakdown, see Table 1.
1/ Beginning January 1951, withheld income tax and social security employment taxes on employers and employees are paid into the Treasury in combined amounts without separation as to type of tax, pursuant to the Social Security Act Amendments of 1950. For effective November 1, 1951, see Table 2.
2/ Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Miscellaneous taxes."
3/ As of October 1, 1951, under Revenue Act of 1951.
4/ Applies to diesel oil used in highway vehicles; effective November 1, 1951, under Revenue Act of 1951.
* See note 5/100.
* Revised.
August 1953
51
MONETARY STATISTICS
Table 1.- Money in Circulation
(In millions of dollars except as noted)
<table><tr><th>End of fiscal year or month</th><th>Total money in circulation 1/</th><th>Total paper money</th><th>Gold certificates 2/</th><th>Silver certificates</th><th>Treasury notes of 1890 1/</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes 1/</th><th>National bank notes 1/</th></tr><tr><td>1945</td><td>26,746</td><td>25,941</td><td>52</td><td>1,651</td><td>1</td><td>323</td><td>22,867</td><td>587</td><td>120</td></tr><tr><td>1946</td><td>29,245</td><td>26,942</td><td>50</td><td>2,085</td><td>1</td><td>317</td><td>23,973</td><td>454</td><td>118</td></tr><tr><td>1947</td><td>28,997</td><td>26,942</td><td>48</td><td>2,061</td><td>1</td><td>320</td><td>23,999</td><td>405</td><td>106</td></tr><tr><td>1948</td><td>27,903</td><td>26,482</td><td>45</td><td>2,061</td><td>1</td><td>321</td><td>23,600</td><td>353</td><td>99</td></tr><tr><td>1949</td><td>27,493</td><td>26,034</td><td>43</td><td>2,061</td><td>1</td><td>319</td><td>23,809</td><td>309</td><td>93</td></tr><tr><td>1950</td><td>27,156</td><td>25,661</td><td>41</td><td>2,177</td><td>1</td><td>321</td><td>28,760</td><td>274</td><td>86</td></tr><tr><td>1951</td><td>27,899</td><td>26,231</td><td>39</td><td>2,092</td><td>1</td><td>318</td><td>23,456</td><td>243</td><td>81</td></tr><tr><td>1952</td><td>29,065</td><td>27,348</td><td>38</td><td>2,088</td><td>1</td><td>318</td><td>24,509</td><td>221</td><td>77</td></tr><tr><td>1953 p</td><td>30,116</td><td>28,352</td><td>37</td><td>2,121</td><td>1</td><td>318</td><td>25,602</td><td>200</td><td>73</td></tr><tr><td>1951-December</td><td>29,206</td><td>27,552</td><td>38</td><td>2,079</td><td>1</td><td>316</td><td>28,807</td><td>232</td><td>79</td></tr><tr><td>1952-July</td><td>28,978</td><td>27,292</td><td>38</td><td>2,063</td><td>1</td><td>315</td><td>24,580</td><td>218</td><td>77</td></tr><tr><td>August</td><td>29,539</td><td>27,528</td><td>38</td><td>2,080</td><td>1</td><td>316</td><td>24,870</td><td>211</td><td>77</td></tr><tr><td>September</td><td>29,419</td><td>27,714</td><td>37</td><td>2,099</td><td>1</td><td>318</td><td>24,972</td><td>213</td><td>76</td></tr><tr><td>October</td><td>29,644</td><td>27,982</td><td>37</td><td>2,093</td><td>1</td><td>317</td><td>25,184</td><td>214</td><td>76</td></tr><tr><td>November</td><td>30,236</td><td>28,497</td><td>37</td><td>2,115</td><td>1</td><td>322</td><td>25,733</td><td>212</td><td>76</td></tr><tr><td>December</td><td>30,433</td><td>28,683</td><td>37</td><td>2,105</td><td>1</td><td>314</td><td>25,941</td><td>210</td><td>75</td></tr><tr><td>1953-January</td><td>29,691</td><td>27,970</td><td>37</td><td>2,006</td><td>1</td><td>305</td><td>25,337</td><td>208</td><td>75</td></tr><tr><td>February</td><td>29,733</td><td>28,068</td><td>37</td><td>2,027</td><td>1</td><td>312</td><td>25,810</td><td>207</td><td>75</td></tr><tr><td>March</td><td>29,754</td><td>28,017</td><td>37</td><td>2,065</td><td>1</td><td>314</td><td>25,321</td><td>205</td><td>74</td></tr><tr><td>April</td><td>29,843</td><td>28,095</td><td>37</td><td>2,089</td><td>1</td><td>314</td><td>25,376</td><td>204</td><td>74</td></tr><tr><td>May</td><td>29,952</td><td>28,196</td><td>37</td><td>2,116</td><td>1</td><td>316</td><td>25,451</td><td>202</td><td>74</td></tr><tr><td>June p</td><td>30,116</td><td>28,352</td><td>37</td><td>2,121</td><td>1</td><td>318</td><td>25,602</td><td>200</td><td>73</td></tr></table>
<table><tr><th>End of fiscal year or month</th><th colspan="4">Coin</th><th>Money in circulation per capita (in dollars) $/</th></tr><tr><th></th><th>Total coin</th><th>Standard silver dollars</th><th>Subsidiary silver</th><th>Minor coin</th><th></th></tr><tr><td>1945....................</td><td>1,809</td><td>125</td><td>788</td><td>399</td><td>191.61</td></tr><tr><td>1946....................</td><td>1,300</td><td>140</td><td>843</td><td>317</td><td>199.76</td></tr><tr><td>1947....................</td><td>1,355</td><td>148</td><td>876</td><td>331</td><td>196.33</td></tr><tr><td>1948....................</td><td>1,421</td><td>156</td><td>929</td><td>346</td><td>190.31</td></tr><tr><td>1949....................</td><td>1,459</td><td>168</td><td>940</td><td>355</td><td>138.33</td></tr><tr><td>1950....................</td><td>1,496</td><td>170</td><td>965</td><td>361</td><td>179.03</td></tr><tr><td>1951....................</td><td>1,578</td><td>180</td><td>1,080</td><td>378</td><td>180.17</td></tr><tr><td>1952....................</td><td>1,678</td><td>191</td><td>1,093</td><td>393</td><td>184.86</td></tr><tr><td>1953 p..................</td><td>1,765</td><td>202</td><td>1,150</td><td>413</td><td>138.61</td></tr><tr><td>1951-December............</td><td>1,694</td><td>189</td><td>1,073</td><td>398</td><td>187.92</td></tr><tr><td>1952-July................</td><td>1,686</td><td>193</td><td>1,097</td><td>396</td><td>184.26</td></tr><tr><td>August...................</td><td>1,695</td><td>195</td><td>1,108</td><td>398</td><td>185.98</td></tr><tr><td>September................</td><td>1,702</td><td>196</td><td>1,108</td><td>401</td><td>186.47</td></tr><tr><td>October..................</td><td>1,722</td><td>197</td><td>1,121</td><td>404</td><td>187.61</td></tr><tr><td>November................</td><td>1,739</td><td>197</td><td>1,135</td><td>407</td><td>191.09</td></tr><tr><td>December................</td><td>1,750</td><td>199</td><td>1,141</td><td>410</td><td>192.07</td></tr><tr><td>1953-January.............</td><td>1,721</td><td>198</td><td>1,116</td><td>406</td><td>187.14</td></tr><tr><td>February.................</td><td>1,725</td><td>199</td><td>1,120</td><td>406</td><td>187.95</td></tr><tr><td>March....................</td><td>1,737</td><td>199</td><td>1,130</td><td>407</td><td>187.05</td></tr><tr><td>April....................</td><td>1,747</td><td>200</td><td>1,138</td><td>409</td><td>187.33</td></tr><tr><td>May......................</td><td>1,759</td><td>201</td><td>1,144</td><td>410</td><td>187.82</td></tr><tr><td>June p...................</td><td>1,765</td><td>202</td><td>1,150</td><td>413</td><td>138.61</td></tr></table>
1/ Excludes money held by the Treasury, money held by or for the account of the Federal Reserve Banks and agents, and coin estimated to be held outside the continental limits of the United States. Includes paper currency held outside the continental limits of the United States
2/ Gold certificates were withdrawn from circulation in 1933.
3/ Treasury notes of 1890 in circulation are being canceled and retired upon receipt by the Treasury.
4/ Federal Reserve Bank notes and national bank notes are covered by deposit of lawful money and are in process of retirement.
5/ Based on latest population estimates by the Bureau of the Census.
p Preliminary.
r Revised.
52
Treasury Bulletin
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
<table><tr><th>End of fiscal year or month</th><th>Gold ($15 per fine ounce)</th><th>Silver ($1.89+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks (in percent)</th></tr><tr><td>1945</td><td>80,213.0</td><td>3,605.8</td><td>15.4</td></tr><tr><td>1946</td><td>80,869.9</td><td>3,508.4</td><td>14.8</td></tr><tr><td>1947</td><td>81,866.5</td><td>3,925.7</td><td>14.2</td></tr><tr><td>1948</td><td>83,538.5</td><td>3,972.0</td><td>13.2</td></tr><tr><td>1949</td><td>84,666.3</td><td>3,618.3</td><td>12.9</td></tr><tr><td>1950</td><td>84,230.7</td><td>3,671.5</td><td>13.2</td></tr><tr><td>1951</td><td>81,755.9</td><td>3,718.5</td><td>14.6</td></tr><tr><td>1952</td><td>83,346.5</td><td>3,768.5</td><td>13.9</td></tr><tr><td>1953 p.</td><td>82,666.6</td><td>3,814.2</td><td>14.5</td></tr><tr><td>1951-December</td><td>82,699.5</td><td>3,741.3</td><td>14.2</td></tr><tr><td>1952-July</td><td>83,350.5</td><td>3,773.3</td><td>13.9</td></tr><tr><td>August</td><td>83,344.4</td><td>3,777.8</td><td>13.9</td></tr><tr><td>September</td><td>83,342.0</td><td>3,781.2</td><td>13.9</td></tr><tr><td>October</td><td>83,339.3</td><td>3,785.4</td><td>14.0</td></tr><tr><td>November</td><td>83,337.5</td><td>3,789.1</td><td>14.0</td></tr><tr><td>December</td><td>83,167.1</td><td>3,794.1</td><td>14.1</td></tr><tr><td>1953-January</td><td>82,985.8</td><td>3,797.7</td><td>14.2</td></tr><tr><td>February</td><td>82,662.1</td><td>3,801.0</td><td>14.4</td></tr><tr><td>March</td><td>82,562.7</td><td>3,804.7</td><td>14.4</td></tr><tr><td>April</td><td>82,561.8</td><td>3,806.6</td><td>14.4</td></tr><tr><td>May</td><td>82,536.8</td><td>3,812.4</td><td>14.5</td></tr><tr><td>June p.</td><td>82,438.6</td><td>3,814.2</td><td>14.3</td></tr></table>
Source: Circulation Statement of U. S. Money; Daily Treasury Statement for preliminary figures. For detail of silver monetary stock, see Table 4.
p Preliminary.
Table 3.- 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>Gold certificate /</th><th>Gold reserve against S. E. notes, etc. 2/</th><th>Exchange Stabilization Fund 3/</th><th>Gold in General Fund</th></tr><tr><td>1945</td><td>20,054.9</td><td>17,914.1</td><td>156.0</td><td>1,800.0</td><td>194.8</td></tr><tr><td>1946</td><td>20,529.0</td><td>18,430.5</td><td>156.0</td><td>1,800.0</td><td>182.4</td></tr><tr><td>1947</td><td>22,723.9</td><td>21,544.0</td><td>156.0</td><td>-</td><td>1,093.9</td></tr><tr><td>1948</td><td>24,543.9</td><td>23,010.0</td><td>156.0</td><td>-</td><td>1,077.9</td></tr><tr><td>1949</td><td>24,427.1</td><td>23,817.9</td><td>156.0</td><td>-</td><td>1,053.2</td></tr><tr><td>1950</td><td>22,705.1</td><td>21,977.5</td><td>156.0</td><td>-</td><td>1,058.6</td></tr><tr><td>1951</td><td>22,559.5</td><td>22,300.5</td><td>156.0</td><td>-</td><td>1,009.9</td></tr><tr><td>1952</td><td>23,187.1</td><td>22,022.8</td><td>156.0</td><td>-</td><td>1,008.2</td></tr><tr><td>1958-July</td><td>23,350.5</td><td>22,188.0</td><td>156.0</td><td>-</td><td>1,010.4</td></tr><tr><td>August</td><td>23,344.4</td><td>22,184.3</td><td>156.0</td><td>-</td><td>1,004.1</td></tr><tr><td>September</td><td>23,342.0</td><td>22,184.3</td><td>156.0</td><td>-</td><td>1,001.7</td></tr><tr><td>October</td><td>23,339.3</td><td>22,176.8</td><td>156.0</td><td>-</td><td>1,006.5</td></tr><tr><td>November</td><td>23,337.5</td><td>22,182.3</td><td>156.0</td><td>-</td><td>999.2</td></tr><tr><td>December</td><td>23,187.1</td><td>22,022.8</td><td>156.0</td><td>-</td><td>1,008.2</td></tr><tr><td>1959-January</td><td>22,885.8</td><td>21,887.4</td><td>156.0</td><td>-</td><td>1,002.4</td></tr><tr><td>February</td><td>22,652.1</td><td>21,562.0</td><td>156.0</td><td>-</td><td>994.1</td></tr><tr><td>March</td><td>22,568.7</td><td>21,404.0</td><td>156.0</td><td>-</td><td>1,002.6</td></tr><tr><td>April</td><td>22,561.8</td><td>21,419.9</td><td>156.0</td><td>-</td><td>985.9</td></tr><tr><td>May</td><td>22,536.8</td><td>21,392.7</td><td>156.0</td><td>-</td><td>988.0</td></tr><tr><td>June p</td><td>22,528.6</td><td>21,332.9</td><td>156.0</td><td>-</td><td>983.7</td></tr></table>
Source: Circulation Statement of U. S. Money; Daily Treasury Statement for preliminary figures.
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/ Reserves against United States notes and Treasury notes of 1990. 3/ Excludes gold in active portion of Exchange Stabilization Fund. p Preliminary.
August 1953
53
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock (In millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="3">Silver held in Treasury</th><th colspan="2">In General Fund</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per fine ounce</th></tr><tr><th>Securing silver certificates $/</th><th>Silver dollars</th><th>Subsidiary coin $/</th><th>Bullion for recoinage $/</th><th>Bullion at cost $/</th><th>Silver dollars $/</th><th>Subsidiary coin $/</th></tr><tr><td>1945</td><td>1,703.9</td><td>356.4</td><td>10.2</td><td>1</td><td>185.6</td><td>137.5</td><td>86.7</td><td>3,312.5</td></tr><tr><td>1946</td><td>1,911.6</td><td>343.4</td><td>11.0</td><td>-</td><td>91.1</td><td>150.1</td><td>901.1</td><td>3,534.2</td></tr><tr><td>1947</td><td>1,937.6</td><td>317.6</td><td>11.1</td><td>-</td><td>31.1</td><td>156.3</td><td>267.7</td><td>3,767.9</td></tr><tr><td>1948</td><td>1,971.5</td><td>328.1</td><td>5.9</td><td>-</td><td>89.1</td><td>169.0</td><td>971.3</td><td>3,595.7</td></tr><tr><td>1949</td><td>2,040.2</td><td>321.9</td><td>11.4</td><td>-</td><td>94.4</td><td>173.0</td><td>982.2</td><td>3,691.1</td></tr><tr><td>1950</td><td>2,073.5</td><td>312.8</td><td>3.6</td><td>-</td><td>59.1</td><td>179.8</td><td>1,022.2</td><td>3,697.1</td></tr><tr><td>1951</td><td>2,109.7</td><td>320.0</td><td>1.7</td><td>-</td><td>82.0</td><td>191.3</td><td>1,083.1</td><td>3,741.3</td></tr><tr><td>1952</td><td>2,109.7</td><td>289.3</td><td>3.9</td><td>-</td><td>45.1</td><td>202.5</td><td>1,158.1</td><td>3,794.1</td></tr><tr><td>1952-July</td><td>2,095.2</td><td>293.5</td><td>6.6</td><td>-</td><td>64.5</td><td>196.4</td><td>1,119.4</td><td>3,773.3</td></tr><tr><td>August</td><td>2,098.5</td><td>293.6</td><td>11.9</td><td>-</td><td>58.1</td><td>198.3</td><td>1,125.1</td><td>3,777.8</td></tr><tr><td>September</td><td>2,101.8</td><td>299.8</td><td>9.8</td><td>-</td><td>31.8</td><td>199.2</td><td>1,134.9</td><td>3,797.8</td></tr><tr><td>October</td><td>2,104.3</td><td>291.7</td><td>4.6</td><td>-</td><td>51.1</td><td>200.2</td><td>1,145.2</td><td>3,784.4</td></tr><tr><td>November</td><td>2,107.1</td><td>290.0</td><td>3.7</td><td>-</td><td>48.7</td><td>201.9</td><td>1,150.6</td><td>3,789.1</td></tr><tr><td>December</td><td>2,109.7</td><td>289.1</td><td>3.9</td><td>-</td><td>45.3</td><td>202.5</td><td>1,158.1</td><td>3,797.1</td></tr><tr><td>1953-January</td><td>2,113.3</td><td>289.1</td><td>8.9</td><td>*</td><td>41.9</td><td>202.6</td><td>1,158.6</td><td>3,797.1</td></tr><tr><td>February</td><td>2,116.3</td><td>288.9</td><td>10.0</td><td>-</td><td>41.3</td><td>203.6</td><td>1,158.8</td><td>3,801.0</td></tr><tr><td>March</td><td>2,118.3</td><td>288.7</td><td>12.6</td><td>-</td><td>39.1</td><td>203.9</td><td>1,161.5</td><td>3,804.7</td></tr><tr><td>April</td><td>2,120.8</td><td>288.2</td><td>12.2</td><td>-</td><td>36.4</td><td>201.9</td><td>1,166.3</td><td>3,806.6</td></tr><tr><td>May</td><td>2,123.7</td><td>287.5</td><td>18.0</td><td>-</td><td>35.1</td><td>204.1</td><td>1,178.2</td><td>3,812.4</td></tr><tr><td>June</td><td>2,126.3</td><td>286.2</td><td>14.8</td><td>-</td><td>31.5</td><td>205.0</td><td>1,179.0</td><td>3,814.2</td></tr></table>
Sources: Circulation Statement of U. S. Money; Daily Treasury Statement for certain preliminary figures. 1/ Valued at $1.29+ per fine ounce. 2/ Includes silver held by certain agencies of the Federal Government (for account, see Daily Treasury Statement for last day of month). Does not include silver land-leased to foreign governments (these transactions all took place during the fiscal years 1942 through 1946).
Annual Report of the Secretary of the Treasury for amounts). Valued at $1.35+ per fine ounce. Valued at $1.35+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion is held for recoinage of subsidiary silver coins or for recoinage of standard silver dollars. Preliminary. Less than $50 thousand.
Table 5.- Silver Production in the United States and Acquisitions by Mints and Assay Offices2/ (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="4">Silver acquisitions by mints and assay offices</th></tr><tr><th colspan="2">Newly mined domestic silver $/</th><th colspan="2">Foreign silver $/</th></tr><tr><th></th><th>Ounces</th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>1945</td><td>29,0</td><td>.9</td><td>.6</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>21,1</td><td>4,9</td><td>4,1</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>38,6</td><td>30,3 $/</td><td>27,4 $/</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>39,2</td><td>36,8</td><td>33,2</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>34,9</td><td>33,0</td><td>29,9</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>48,3</td><td>41,3</td><td>37,4</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>39,9</td><td>36,1</td><td>32,7</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>60,2</td><td>41,2</td><td>37,3</td><td>-</td><td>-</td></tr><tr><td>1952=July</td><td>3,3</td><td>3,8</td><td>3,4</td><td>-</td><td>-</td></tr><tr><td>August</td><td>2,3</td><td>3,5</td><td>3,2</td><td>-</td><td>-</td></tr><tr><td>September</td><td>3,2</td><td>2,6</td><td>2,4</td><td>-</td><td>-</td></tr><tr><td>October</td><td>3,7</td><td>3,3</td><td>3,0</td><td>-</td><td>-</td></tr><tr><td>November</td><td>3,0</td><td>2,9</td><td>2,6</td><td>-</td><td>-</td></tr><tr><td>December</td><td>3,1</td><td>3,9</td><td>3,5</td><td>-</td><td>-</td></tr><tr><td>1953=January</td><td>3,4</td><td>2,8</td><td>2,6</td><td>-</td><td>-</td></tr><tr><td>February</td><td>3,1</td><td>2,6</td><td>2,3</td><td>-</td><td>-</td></tr><tr><td>March</td><td>3,2</td><td>2,9</td><td>2,6</td><td>-</td><td>-</td></tr><tr><td>April</td><td>3,0</td><td>3,0</td><td>2,7</td><td>-</td><td>-</td></tr><tr><td>May</td><td>2,8</td><td>3,0</td><td>2,7</td><td>-</td><td>-</td></tr></table>
Source: Annual figures from the Bureau of the Mint, Monthly figures on U. S. silver production from releases of the American Bureau of Metal Statistics; these will not agree with the annual figures. For information on silver production in other countries, see annual reports of the Director of the Mint. Data from 1933 through 1941 are summarized in the "Treasury Bulletin" for August 1943, page 74. Acquired at 71.11 cents per fine ounce from July 1, 1939 to July 2, 1940.
3/ No foreign silver has been purchased under the Silver Purchase Act of 1934 since May 1942.
4/ Includes 0.2 million ounces valued at 71.11 cents per fine ounce totaling $0.2 million, and 30.1 million ounces valued at 90.5 cents per fine ounce totaling $27.2 million.
54
Treasury Bulletin
MONETARY STATISTICS
Table 6.- Seigniorage on Silver
(Cumulative from January 1, 1935 - in millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Seigniorage on silver (silver and minor)</th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Newly mined silver (Proo. Dec. 21, 1933)</th><th>Sevly mined silver (Act July 6, 1939, and July 31, 1946)</th><th>Silver Pur. chase Act of June 19, 1934</th><th>Nationalized silver (Proo. of Aug. 9, 1934)</th><th>Total seigniorage on silver revealed</th><th>Potential seigniorage on silver bullion at cost in General Fund 3/4</th></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>278.9</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>428.1</td><td>397.2</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>4.2</td><td>497.7</td><td>34.7</td><td>616.0</td><td>798.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>-</td><td>530.7</td><td>34.7</td><td>705.6</td><td>750.6</td></tr><tr><td>1940</td><td>128.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>560.7</td><td>34.7</td><td>759.4</td><td>1,095.8</td></tr><tr><td>1941</td><td>136.1</td><td>48.7</td><td>87.6</td><td>48.3</td><td>580.4</td><td>34.7</td><td>799.7</td><td>1,089.0</td></tr><tr><td>1942</td><td>142.7</td><td>48.7</td><td>87.6</td><td>63.3</td><td>598.3</td><td>34.7</td><td>815.9</td><td>1,049.2</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>880.6</td><td>967.3</td></tr><tr><td>1944</td><td>368.3</td><td>48.7</td><td>87.6</td><td>65.4</td><td>594.3</td><td>34.7</td><td>880.7</td><td>717.3</td></tr><tr><td>1945</td><td>489.5</td><td>48.7</td><td>87.6</td><td>65.5</td><td>701.6</td><td>34.7</td><td>938.1</td><td>333.8</td></tr><tr><td>1946</td><td>494.9</td><td>48.7</td><td>87.6</td><td>74.5</td><td>832.1</td><td>34.7</td><td>1,077.6</td><td>146.8</td></tr><tr><td>1947</td><td>580.5</td><td>48.7</td><td>87.6</td><td>74.5</td><td>832.1</td><td>34.7</td><td>1,077.6</td><td>189.9</td></tr><tr><td>1948</td><td>599.2</td><td>48.7</td><td>87.6</td><td>84.2</td><td>832.8</td><td>34.7</td><td>1,098.1</td><td>187.2</td></tr><tr><td>1949</td><td>718.7</td><td>48.7</td><td>87.6</td><td>93.5</td><td>833.6</td><td>34.7</td><td>1,130.0</td><td>111.7</td></tr><tr><td>1950</td><td>596.6</td><td>48.7</td><td>87.6</td><td>104.7</td><td>833.6</td><td>34.7</td><td>1,109.3</td><td>81.9</td></tr><tr><td>1951</td><td>684.3</td><td>48.7</td><td>87.6</td><td>114.6</td><td>833.6</td><td>34.7</td><td>1,119.2</td><td>57.2</td></tr><tr><td>1952</td><td>694.2</td><td>48.7</td><td>87.6</td><td>125.4</td><td>833.6</td><td>34.7</td><td>1,130.0</td><td>67.1</td></tr><tr><td>1952-July</td><td>674.3</td><td>48.7</td><td>87.5</td><td>121.3</td><td>833.6</td><td>34.7</td><td>1,125.7</td><td>62.0</td></tr><tr><td>August</td><td>622.8</td><td>48.7</td><td>87.6</td><td>122.0</td><td>833.6</td><td>34.7</td><td>1,128.6</td><td>61.3</td></tr><tr><td>September</td><td>683.0</td><td>48.7</td><td>87.6</td><td>123.0</td><td>833.6</td><td>34.7</td><td>1,128.7</td><td>61.0</td></tr><tr><td>October</td><td>687.8</td><td>48.7</td><td>87.6</td><td>123.8</td><td>833.6</td><td>34.7</td><td>1,128.4</td><td>60.0</td></tr><tr><td>November</td><td>693.8</td><td>48.7</td><td>87.6</td><td>123.6</td><td>833.6</td><td>34.7</td><td>1,129.2</td><td>57.2</td></tr><tr><td>December</td><td>694.2</td><td>48.7</td><td>87.6</td><td>125.4</td><td>833.6</td><td>34.7</td><td>1,130.0</td><td>56.5</td></tr><tr><td>1953-January</td><td>696.5</td><td>48.7</td><td>87.6</td><td>126.7</td><td>833.6</td><td>34.7</td><td>1,131.3</td><td>57.6</td></tr><tr><td>February</td><td>697.7</td><td>48.7</td><td>87.6</td><td>127.4</td><td>833.6</td><td>34.7</td><td>1,128.0</td><td>59.5</td></tr><tr><td>March</td><td>700.6</td><td>48.7</td><td>87.6</td><td>128.0</td><td>833.6</td><td>34.7</td><td>1,132.4</td><td>53.9</td></tr><tr><td>April</td><td>707.6</td><td>48.7</td><td>87.6</td><td>128.8</td><td>833.6</td><td>34.7</td><td>1,133.4</td><td>50.0</td></tr><tr><td>May</td><td>723.0</td><td>48.7</td><td>87.6</td><td>129.6</td><td>833.6</td><td>34.7</td><td>1,134.2</td><td>46.4</td></tr><tr><td>June</td><td>716.8</td><td>48.7</td><td>87.6</td><td>130.4</td><td>833.6</td><td>34.7</td><td>1,135.0</td><td></td></tr></table>
Sources: Office of the Treasurer of the United States. 1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ The figures in this column are not cumulative; as the amount of bullion held changes, the potential esigniorage thereon changes.
Table 7.- Increment Resulting from the Reduction in the Weight of the Gold Dollar, June 30, 1953
<table><tr><th></th><th>Allocations of increment</th><th>Charges against increment</th><th>Unexpended balance of increment</th></tr><tr><td>Exchange Stabilization Fund</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td><td>-</td></tr><tr><td>Payments to Federal Reserve banks for industrial loans</td><td>139,299,556.99</td><td>27,246,310.97</td><td>111,753,246.02</td></tr><tr><td>Philippine currency reserve</td><td>23,866,750.78</td><td>-</td><td>23,866,750.78</td></tr><tr><td>Melting looese on gold coin</td><td>2,175,121.93</td><td>1,055,213.05</td><td>319,908.88</td></tr><tr><td>Retirement of national bank notes</td><td>645,387,965.45</td><td>645,387,965.45</td><td>-</td></tr><tr><td>Unassigned</td><td>8,661,442.31</td><td>-</td><td>8,661,442.31</td></tr><tr><td>Total increment</td><td>2,819,336,897.46</td><td>2,679,789,489.47</td><td>144,597,347.99</td></tr></table>
Source: Office of the Treasurer of the United States.
August 1955
55
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheet as of June 30, 1952, and March 31, 1953
<table><tr><th></th><th>June 30, 1952</th><th>March 31, 1953</th></tr><tr><td>Assets:</td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the United States, checking account</td><td>$7,728,468.15</td><td>$7,591,469.45</td></tr><tr><td>Federal Reserve Bank of New York, special account</td><td>94,320,111.84</td><td>199,883,601.23</td></tr><tr><td>Withdrawing officers' balances and advance accounts</td><td>13,446.37</td><td>3,930.75</td></tr><tr><td>Total cash</td><td>$108,058,026.36</td><td>$206,819,003.43</td></tr><tr><td>Special accounts of Secretary of the Treasury in Federal Reserve Bank of New York: Special account No. 1, gold</td><td>186,170,396.01</td><td>86,216,124.15</td></tr><tr><td>Due from foreign banks (foreign exchange): Indian rupees</td><td>2,267,491.94</td><td>126,044.19</td></tr><tr><td>Pakistan rupees</td><td>984,625.66</td><td>-</td></tr><tr><td>Total due from foreign banks</td><td>3,252,147.60</td><td>126,044.19</td></tr><tr><td>Investments in United States Government securities</td><td>20,000,000.00</td><td>20,000,000.00</td></tr><tr><td>Accrued interest receivable</td><td>82,936.11</td><td>83,671.77</td></tr><tr><td>Accounts receivable</td><td>51,575.79</td><td>18.15</td></tr><tr><td>Federal Reserve Bank of New York, clearing account</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>$111,615,081.87</td><td>$313,243,661.69</td></tr><tr><td>Liabilities and capital:</td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchers payable</td><td>13,901.18</td><td>5,477.42</td></tr><tr><td>Employee pay-roll allotment account, United States savings bonds</td><td>1,766.75</td><td>1,859.48</td></tr><tr><td>Due on purchases</td><td>116,793.99</td><td>104,794.69</td></tr><tr><td>Miscellaneous</td><td></td><td></td></tr><tr><td>Total accounts payable</td><td>132,461.92</td><td>111,541.59</td></tr><tr><td>Reserve for expenses and contingencies (net)</td><td>9,431,005.86</td><td>459,047.91</td></tr><tr><td>Capital account:</td><td></td><td></td></tr><tr><td>Defunct - Subscriptions to International Monetary Fund</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td></td><td>1,800,000,000.00</td><td>1,800,000,000.00</td></tr><tr><td>Net income (See Table 2)</td><td>200,000,000.00</td><td>200,000,000.00</td></tr><tr><td></td><td>108,051,633.69</td><td>112,676,872.19</td></tr><tr><td>Total liabilities and capital</td><td>$111,615,081.87</td><td>$313,243,661.69</td></tr></table>
Note: Annual balance sheets for fiscal years 1934 through 1940 appear in the 1940 Annual Report of the Secretary of the Treasury and those for succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with that for December 31, 1938, have been published in the "Treasury Bulletin".
56
Treasury Bulletin
<table><tr><th>Classification</th><th>January 31, 1938, through June 30, 1938</th><th>January 31, 1934, through March 31, 1935</th></tr><tr><td>Income:</td><td></td><td></td></tr><tr><td>Profit on British sterling transactions</td><td>$310,638.09</td><td>$310,638.09</td></tr><tr><td>Profit on French franc transactions</td><td>351,587.60</td><td>351,587.60</td></tr><tr><td>Profit on gold bullion (including profit from handling charges on gold)</td><td>53,883,359.93</td><td>56,128,880.31</td></tr><tr><td>Profit on other gold and exchange transactions</td><td>40,000,000.00</td><td>49,160,806.69</td></tr><tr><td>Profit on silver transactions</td><td>108,735.27</td><td>108,735.27</td></tr><tr><td>Profit on sale of silver bullion to Treasury (nationalized)</td><td>3,473,368.29</td><td>3,473,368.29</td></tr><tr><td>Profit on investments</td><td>1,876,790.55</td><td>1,876,790.55</td></tr><tr><td>Interest on investments</td><td>8,198,066.89</td><td>8,573,802.35</td></tr><tr><td>Miscellaneous profit</td><td>861,546.93</td><td>861,546.93</td></tr><tr><td>Interest earned on foreign balances</td><td>2,949,683.19</td><td>2,949,683.19</td></tr><tr><td>Interest earned on Chinese yuan</td><td>1,975,317.07</td><td>1,975,317.07</td></tr><tr><td>Total income</td><td>113,883,086.83</td><td>125,663,108.36</td></tr><tr><td>Expense:</td><td></td><td></td></tr><tr><td>Personal services</td><td>8,753,780.26</td><td>9,754,690.52</td></tr><tr><td>Travel</td><td>445,046.91</td><td>483,972.90</td></tr><tr><td>Transportation of things</td><td>671,413.57</td><td>689,399.16</td></tr><tr><td>Communications</td><td>557,521.13</td><td>572,443.12</td></tr><tr><td>Supplies and materials</td><td>99,193.94</td><td>105,081.16</td></tr><tr><td>Other</td><td>1,304,407.33</td><td>1,388,643.51</td></tr><tr><td>Total expense</td><td>11,831,373.14</td><td>12,990,830.37</td></tr><tr><td>Net income</td><td>102,051,693.69</td><td>112,674,878.19</td></tr></table>
EXCHANGE STABILIZATION FUND
Table 2.- Income and Expense
August 1955
57
CAPITAL MOVEMENTS
Data relating to claims on foreigners and liabilities to foreigners, and capital movements between the United States and foreign countries, have been collected since 1975, pursuant to Executive Order 6560 of January 15, 1934, and Treasury regulations thereunder. Information covering the principal types of data and the principal countries is reported each month by banks and bankers and securities brokers and dealers in the United States. This information is published regularly in the "Treasury Bulletin". Supplementary information is published at less frequent intervals. All reports are made initially to the Federal Reserve Banks, which forward consolidated figures to the Treasury.
The term "foreigners" as used in these reports covers all institutions and individuals (including United States citizens) domiciled outside the United States, as well international organizations, wherever domiciled, created by treaty or convention between sovereign states. "Short-term" refers to original maturities of one year or less, and "long-term" refers to all other maturities. A detailed discussion of the reporting coverage, basis of reporting, and derivation of capital movements figures appeared in the April 1950 issue of the "Treasury Bulletin," pages 50-52. Revised report forms and regulations became effective with
the data for January 1950. Attention is called to the fact that although the grand total figures on the revised reporting bases are reasonably comparable with those for preceding months, data for individual countries in some instances are not comparable because of certain changes in coverage and geographical classification.
The supplementary information, contained in Section IV, is presented in three tables appearing at different times. Table 1 gives data by countries on short-term claims on and liabilities to foreigners as reported quarterly by exporters, importers, and industrial and commercial concerns in the United States. This information was published for the first time in the October 1949 issue of the "Treasury Bulletin" and begins with data for September 30, 1946. Table 2 supplies information by countries on long-term claims on and liabilities to foreigners as reported by banks and bankers in the United States. This table appeared for the first time in the December 1949 issue. Data are for the end of the calendar year beginning with 1942. Table 3 gives information on short-term liabilities to countries not regularly reported separately by banks and bankers. This table appeared for the first time in the April 1950 issue. The data have been requested at irregular intervals, the earliest date being October 1943.
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th>Net capital movement</th><th>Short-term banking funds</th><th>Brokerage balance</th><th>Transactions in domestic securities</th><th>Transactions in foreign securities</th></tr><tr><td>1955-41</td><td>5,354,071</td><td>3,770,922</td><td>100,870</td><td>626,733</td><td>855,543</td></tr><tr><td>1946</td><td>665,121</td><td>583,373</td><td>3,523</td><td>46,599</td><td>-1,354</td></tr><tr><td>1943</td><td>1,286,593</td><td>1,168,053</td><td>13,372</td><td>71,696</td><td>93,696</td></tr><tr><td>1944</td><td>1,461,354</td><td>138,294</td><td>8,559</td><td>210,133</td><td>93,696</td></tr><tr><td>1945</td><td>1,074,375</td><td>1,216,303</td><td>17,794</td><td>-113,105</td><td>-46,617</td></tr><tr><td>1946</td><td>-793,324</td><td>-733,909</td><td>9,661</td><td>-334,803</td><td>265,127</td></tr><tr><td>1947</td><td>334,163</td><td>395,384</td><td>-11,318</td><td>-89,095</td><td>19,012</td></tr><tr><td>1948</td><td>229,417</td><td>511,777</td><td>-19,133</td><td>-198,215</td><td>-94,822</td></tr><tr><td>1949</td><td>194,458</td><td>90,845</td><td>610</td><td>75,203</td><td>27,800</td></tr><tr><td>1950</td><td>1,757,618</td><td>950,353</td><td>1,992</td><td>944,430</td><td>-145,387</td></tr><tr><td>1951</td><td>-380,471</td><td>586,948</td><td>-6,241</td><td>-584,839</td><td>-376,989</td></tr><tr><td>1952</td><td>1,294,784 r</td><td>1,163,373 r</td><td>-1,800</td><td>314,944</td><td>-821,333</td></tr><tr><td>1952-July</td><td>156,566</td><td>318,490</td><td>-3,738</td><td>22,924</td><td>18,390</td></tr><tr><td>August</td><td>189,905</td><td>130,016</td><td>-4,132</td><td>32,993</td><td>31,018</td></tr><tr><td>September</td><td>228,593</td><td>223,373</td><td>2,023</td><td>-6,126</td><td>29,823</td></tr><tr><td>October</td><td>82,614</td><td>-114,997</td><td>316</td><td>189,794</td><td>11,001</td></tr><tr><td>November</td><td>129,047</td><td>88,019</td><td>-7,810</td><td>41,783</td><td>1,055</td></tr><tr><td>December</td><td>-171,806 r</td><td>-199,500 r</td><td>3,692</td><td>38,183</td><td>-48,079</td></tr><tr><td>1953-January</td><td>-134,200 r</td><td>-138,121 r</td><td>3,216</td><td>33,699</td><td>-31,077</td></tr><tr><td>February</td><td>-140,201 r</td><td>-58,812 r</td><td>-4,885</td><td>1,447</td><td>-37,972</td></tr><tr><td>March</td><td>179,636</td><td>197,031</td><td>-1,691</td><td>7,783</td><td>-23,427</td></tr><tr><td>April p</td><td>243,072 r</td><td>271,430 r</td><td>-1,236</td><td>590</td><td>-27,862</td></tr><tr><td>May p</td><td>189,445</td><td>115,986</td><td>-194</td><td>5,175</td><td>66,478</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary. r Revised.
58
Treasury Bulletin
CAPITAL MOVEMENTS
Section 1 - Summary by Periods
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of period in thousands of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="3">Short-term claims on foreigners</th><th colspan="3">Short-term liabilities to foreigners</th><th>Net short-term liabilities</th></tr><tr><th></th><th>Total</th><th>Payable in foreign currencies</th><th>Payable in dollars</th><th>Total</th><th>Payable in foreign currencies</th><th>Payable in dollars</th><th>Payable foreign currency</th></tr><tr><td>1942</td><td>246,673</td><td>30,316</td><td>75,048</td><td>143,709</td><td>4,205,339</td><td>3,523,328</td><td>663,168</td><td>13,993</td><td>3,958,716</td></tr><tr><td>1943</td><td>257,969</td><td>31,317</td><td>86,278</td><td>137,164</td><td>5,374,903</td><td>4,134,432</td><td>1,222,580</td><td>17,911</td><td>5,116,974</td></tr><tr><td>1944</td><td>293,694</td><td>54,603</td><td>203,462</td><td>169,670</td><td>5,395,775</td><td>4,355,501</td><td>1,028,623</td><td>21,604</td><td>5,367,081</td></tr><tr><td>1945</td><td>336,756</td><td>47,459</td><td>200,257</td><td>215,010</td><td>6,883,068</td><td>4,946,584</td><td>1,930,998</td><td>25,946</td><td>6,900,308</td></tr><tr><td>1946</td><td>708,253</td><td>98,119</td><td>319,639</td><td>290,495</td><td>6,430,262</td><td>4,693,911</td><td>1,745,752</td><td>40,629</td><td>5,772,009</td></tr><tr><td>1947</td><td>948,935</td><td>155,439</td><td>292,866</td><td>490,631</td><td>7,116,419</td><td>4,809,285</td><td>2,297,520</td><td>49,564</td><td>6,167,483</td></tr><tr><td>1948</td><td>1,015,700</td><td>200,173</td><td>313,977</td><td>597,132</td><td>7,717,960</td><td>5,709,820</td><td>2,017,731</td><td>70,339</td><td>6,699,260</td></tr><tr><td>1949</td><td>1,287,854</td><td>110,304</td><td>222,719</td><td>494,331</td><td>7,617,959</td><td>5,073,586</td><td>2,493,334</td><td>51,039</td><td>6,730,105</td></tr><tr><td>1950</td><td>977,966</td><td>240,428</td><td>151,121</td><td>506,368</td><td>8,644,779</td><td>5,933,878</td><td>3,955,992</td><td>44,911</td><td>7,746,809</td></tr><tr><td>1951</td><td>968,443</td><td>91,503</td><td>177,896</td><td>501,298</td><td>9,202,206</td><td>5,330,225</td><td>3,831,521</td><td>78,333</td><td>8,333,159</td></tr><tr><td>1952</td><td>1,048,782</td><td>78,364</td><td>122,866</td><td>847,492</td><td>10,946,092</td><td>5,811,895</td><td>4,692,786</td><td>61,371</td><td>9,497,330</td></tr><tr><td>1952-July</td><td>1,005,209</td><td>64,913</td><td>125,821</td><td>874,475</td><td>10,356,210</td><td>5,728,224</td><td>4,304,598</td><td>79,388</td><td>9,330,001</td></tr><tr><td>August</td><td>1,066,320</td><td>74,427</td><td>149,438</td><td>882,455</td><td>10,326,337</td><td>5,794,084</td><td>4,570,187</td><td>62,086</td><td>9,450,037</td></tr><tr><td>September</td><td>1,023,375</td><td>70,206</td><td>133,718</td><td>813,451</td><td>10,706,795</td><td>5,813,960</td><td>4,809,166</td><td>65,659</td><td>9,583,410</td></tr><tr><td>October</td><td>1,013,692</td><td>75,682</td><td>126,178</td><td>821,792</td><td>10,891,565</td><td>5,743,965</td><td>4,774,188</td><td>64,452</td><td>9,568,923</td></tr><tr><td>November</td><td>1,021,320</td><td>56,690</td><td>112,566</td><td>832,648</td><td>10,678,056</td><td>5,733,423</td><td>4,782,788</td><td>63,779</td><td>9,496,128</td></tr><tr><td>December</td><td>1,048,782</td><td>78,364</td><td>122,866</td><td>847,492</td><td>10,946,092</td><td>5,811,895</td><td>4,692,786</td><td>61,371</td><td>9,497,330</td></tr><tr><td>1953-January</td><td>1,016,006</td><td>82,672</td><td>115,639</td><td>871,695</td><td>10,501,009</td><td>5,713,107</td><td>4,717,278</td><td>52,620</td><td>9,464,999</td></tr><tr><td>February</td><td>1,034,110</td><td>69,208</td><td>134,711</td><td>810,191</td><td>10,400,678</td><td>5,637,958</td><td>4,709,386</td><td>52,734</td><td>9,366,168</td></tr><tr><td>March</td><td>1,040,605</td><td>77,378</td><td>143,157</td><td>835,030</td><td>10,453,586</td><td>5,790,151</td><td>4,609,576</td><td>43,779</td><td>9,563,259</td></tr><tr><td>April</td><td>1,065,423</td><td>70,475</td><td>137,235</td><td>818,713</td><td>10,861,102</td><td>5,797,942</td><td>5,017,936</td><td>45,217</td><td>9,634,679</td></tr><tr><td>May</td><td>977,318</td><td>76,510</td><td>112,778</td><td>788,030</td><td>10,927,983</td><td>5,840,308</td><td>5,035,285</td><td>51,149</td><td>9,950,665</td></tr></table>
1/ Beginning 1950, includes certain deposit balances and other assets which are held in specific trust accounts but which previously had been excluded from reported liabilities.
p Preliminary. r Revised.
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th rowspan="2">Calendar year or month</th><th rowspan="2">Total</th><th colspan="3">Short-term claims</th><th colspan="3">Short-term liabilities</th><th rowspan="2">Net movement of short-term banking funds</th></tr><tr><th>Payable in foreign currencies</th><th>Loans to foreign banks</th><th>Payable in dollars</th><th>Total</th><th>Deposits of foreigners</th><th>Payable in dollars</th><th>Payable in foreign currencies</th></tr><tr><td>1935-36</td><td>736,307</td><td>307,197</td><td>6,409</td><td>453,711</td><td>3,034,615</td><td>2,805,001</td><td>856,156</td><td>-37,342</td><td>3,770,022</td></tr><tr><td>1936</td><td>97,503</td><td>15,333</td><td>20,671</td><td>60,899</td><td>439,970</td><td>105,607</td><td>359,359</td><td>25,108</td><td>2,331,373</td></tr><tr><td>1937</td><td>-11,256</td><td>-3,471</td><td>-14,330</td><td>6,545</td><td>1,179,314</td><td>660,884</td><td>554,432</td><td>4,018</td><td>1,168,058</td></tr><tr><td>1938</td><td>71,765</td><td>-20,216</td><td>-19,063</td><td>-32,600</td><td>230,359</td><td>280,575</td><td>-5,947</td><td>3,730</td><td>1,245,594</td></tr><tr><td>1939</td><td>63,112</td><td>7,114</td><td>3,438</td><td>-75,340</td><td>1,479,373</td><td>585,075</td><td>69,165</td><td>3,999</td><td>1,245,909</td></tr><tr><td>1940</td><td>-313,497</td><td>-50,630</td><td>-419,372</td><td>-45,149</td><td>-418,422</td><td>-269,834</td><td>-164,551</td><td>15,081</td><td>-733,909</td></tr><tr><td>1941</td><td>-640,633</td><td>-67,320</td><td>26,773</td><td>-200,136</td><td>636,207</td><td>115,384</td><td>511,788</td><td>9,033</td><td>395,584</td></tr><tr><td>1942</td><td>-459,634</td><td>-65,068</td><td>43,311</td><td>-63,981</td><td>601,211</td><td>400,274</td><td>158,841</td><td>20,725</td><td>531,777</td></tr><tr><td>1943</td><td>190,846</td><td>-10,433</td><td>138,478</td><td>62,801</td><td>-100,001</td><td>-136,614</td><td>93,583</td><td>-19,390</td><td>39,411</td></tr><tr><td>1944</td><td>-76,833</td><td>-129,779</td><td>69,433</td><td>-11,327</td><td>1,086,816</td><td>430,286</td><td>602,658</td><td>1,248</td><td>950,583</td></tr><tr><td>1945</td><td>-70,477</td><td>148,775</td><td>-85,111</td><td>-193,121</td><td>677,429</td><td>-211,810</td><td>751,960</td><td>27,313</td><td>586,943</td></tr><tr><td>1946</td><td>-50,279</td><td>13,444</td><td>94,330</td><td>-146,103</td><td>1,243,992</td><td>449,833</td><td>804,674</td><td>-10,699</td><td>1,163,573</td></tr><tr><td>1947-July</td><td>3,394</td><td>8,463</td><td>9,832</td><td>-14,901</td><td>315,026</td><td>34,303</td><td>269,937</td><td>-5,344</td><td>318,690</td></tr><tr><td>August</td><td>43,111</td><td>-5,534</td><td>-17,417</td><td>30,180</td><td>134,000</td><td>43,950</td><td>115,850</td><td>-1,036</td><td>132,014</td></tr><tr><td>September</td><td>42,245</td><td>4,221</td><td>9,720</td><td>29,004</td><td>130,428</td><td>37,876</td><td>138,379</td><td>3,373</td><td>223,373</td></tr><tr><td>October</td><td>1,723</td><td>-4,476</td><td>17,540</td><td>-8,341</td><td>-119,220</td><td>-83,015</td><td>-34,778</td><td>-1,207</td><td>-114,497</td></tr><tr><td>November</td><td>-27,668</td><td>8,392</td><td>8,216</td><td>-13,376</td><td>90,437</td><td>186,194</td><td>-95,050</td><td>-627</td><td>86,019</td></tr><tr><td>December</td><td>-27,609</td><td>-19,078</td><td>-3,204</td><td>-18,328</td><td>-133,000</td><td>-303,819</td><td>-159,582</td><td>-4,324</td><td>-159,922</td></tr><tr><td>1933-January</td><td>12,716</td><td>41,208</td><td>7,827</td><td>9,797</td><td>45,047</td><td>-100,788</td><td>64,432</td><td>-8,751</td><td>-18,311</td></tr><tr><td>February</td><td>1,896</td><td>13,664</td><td>-19,072</td><td>7,904</td><td>-100,727</td><td>-93,249</td><td>-7,692</td><td>114</td><td>-58,811</td></tr><tr><td>March</td><td>-6,105</td><td>10,454</td><td>-13,444</td><td>15,111</td><td>203,280</td><td>112,193</td><td>100,291</td><td>-8,960</td><td>197,011</td></tr><tr><td>April</td><td>11,182</td><td>6,397</td><td>10,918</td><td>-3,533</td><td>297,639</td><td>47,798</td><td>268,057</td><td>1,443</td><td>271,430</td></tr><tr><td>May</td><td>49,105</td><td>-6,035</td><td>24,457</td><td>30,638</td><td>66,881</td><td>46,339</td><td>18,990</td><td>5,932</td><td>115,366</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary. r Revised.
August 1955
59
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">Domestic stocks</th><th colspan="3">Domestic bonds</th><th>Total purchases</th><th>Total sales</th><th>Net purchase of domestic securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1935-41</td><td>430,245 1/</td><td>841,610 1/</td><td>-411,365 2/</td><td>396,768 1/</td><td>498,420 1/</td><td>-95,692 2/</td><td>9,328,066</td><td>8,699,335</td><td>625,731</td></tr><tr><td>1942</td><td>96,383</td><td>75,488</td><td>20,895</td><td>164,218</td><td>138,524</td><td>25,704</td><td>850,601</td><td>814,002</td><td>46,599</td></tr><tr><td>1943</td><td>131,639</td><td>194,636</td><td>-62,977</td><td>841,899</td><td>370,293</td><td>70,744</td><td>336,938</td><td>369,311</td><td>97,767</td></tr><tr><td>1944</td><td>136,933</td><td>171,432</td><td>-34,579</td><td>533,558</td><td>268,244</td><td>285,314</td><td>690,411</td><td>439,676</td><td>210,735</td></tr><tr><td>1945</td><td>260,283</td><td>337,655</td><td>-97,437</td><td>377,717</td><td>393,390</td><td>-15,673</td><td>637,940</td><td>751,045</td><td>-133,105</td></tr><tr><td>1946</td><td>367,649</td><td>432,109</td><td>-64,460</td><td>414,470</td><td>684,213</td><td>-269,743</td><td>782,119</td><td>1,116,382</td><td>-334,203</td></tr><tr><td>1947</td><td>226,089</td><td>376,674</td><td>-150,585</td><td>344,805</td><td>283,275</td><td>61,530</td><td>570,594</td><td>659,949</td><td>-89,225</td></tr><tr><td>1948</td><td>369,736</td><td>514,059</td><td>-144,323</td><td>282,415</td><td>330,307</td><td>-47,892</td><td>652,151</td><td>844,356</td><td>-192,215</td></tr><tr><td>1949</td><td>354,085</td><td>375,301</td><td>-21,218</td><td>430,013</td><td>333,592</td><td>96,421</td><td>786,098</td><td>708,895</td><td>77,203</td></tr><tr><td>1950</td><td>666,941</td><td>663,016</td><td>2,925</td><td>1,344,111</td><td>402,606</td><td>941,505</td><td>2,011,032</td><td>1,066,682</td><td>944,330</td></tr><tr><td>1951</td><td>719,789</td><td>619,457</td><td>120,332</td><td>793,551</td><td>1,408,172</td><td>-704,621</td><td>1,533,340</td><td>2,117,669</td><td>-584,289</td></tr><tr><td>1952</td><td>690,131</td><td>649,197</td><td>40,934</td><td>733,802</td><td>1,439,512</td><td>313,990</td><td>1,383,933</td><td>1,059,009</td><td>314,944</td></tr><tr><td>1952-July</td><td>44,336</td><td>48,234</td><td>6,200</td><td>61,433</td><td>44,711</td><td>16,722</td><td>125,899</td><td>90,965</td><td>28,924</td></tr><tr><td>August</td><td>48,115</td><td>43,105</td><td>5,010</td><td>56,955</td><td>89,092</td><td>27,881</td><td>105,090</td><td>76,127</td><td>38,923</td></tr><tr><td>September</td><td>44,696</td><td>64,125</td><td>-19,419</td><td>62,607</td><td>89,332</td><td>13,933</td><td>81,301</td><td>93,427</td><td>-6,126</td></tr><tr><td>October</td><td>50,668</td><td>47,243</td><td>3,325</td><td>215,437</td><td>33,068</td><td>182,409</td><td>266,065</td><td>80,271</td><td>185,794</td></tr><tr><td>November</td><td>66,989</td><td>48,886</td><td>10,169</td><td>66,711</td><td>34,606</td><td>31,105</td><td>133,610</td><td>77,930</td><td>43,150</td></tr><tr><td>December</td><td>75,230</td><td>68,706</td><td>6,824</td><td>63,106</td><td>37,747</td><td>25,359</td><td>138,636</td><td>106,433</td><td>32,183</td></tr><tr><td>1953-January</td><td>70,565</td><td>52,487</td><td>18,078</td><td>53,848</td><td>38,087</td><td>15,821</td><td>128,413</td><td>90,514</td><td>33,899</td></tr><tr><td>February</td><td>27,919</td><td>45,432</td><td>12,467</td><td>45,847</td><td>56,867</td><td>-11,020</td><td>103,766</td><td>108,319</td><td>1,787</td></tr><tr><td>March</td><td>69,335</td><td>67,874</td><td>2,461</td><td>42,746</td><td>37,104</td><td>5,640</td><td>118,201</td><td>104,573</td><td>17,758</td></tr><tr><td>April</td><td>55,120</td><td>60,861</td><td>-5,711</td><td>39,060</td><td>82,659</td><td>6,401</td><td>84,210</td><td>83,520</td><td>690</td></tr><tr><td>May</td><td>42,508</td><td>49,436</td><td>-6,928</td><td>163,664</td><td>151,561</td><td>12,103</td><td>206,172</td><td>200,997</td><td>5,175</td></tr></table>
1/ January 4, 1940, through December 31, 1941; the breakdown between stocks and bonds is not available for earlier years.
p Preliminary
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">Foreign stocks</th><th colspan="3">Foreign bonds</th><th>Total purchases</th><th>Total sales</th><th>Net purchases of foreign securities</th></tr><tr><th></th><th>Purchase</th><th>Sales</th><th>Net purchases</th><th>Purchase</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1935-41</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>1,008,188</td><td>3,132,640</td><td>855,548</td></tr><tr><td>1942</td><td>23,278</td><td>19,191</td><td>3,487</td><td>b&amp;g,367</td><td>378,128</td><td>76,309</td><td>280,533</td><td>227,997</td><td>-71,304</td></tr><tr><td>1943</td><td>26,601</td><td>22,078</td><td>4,523</td><td>314,266</td><td>225,289</td><td>88,973</td><td>469,043</td><td>391,949</td><td>77,094</td></tr><tr><td>1944</td><td>37,328</td><td>54,759</td><td>-17,461</td><td>318,113</td><td>347,269</td><td>-29,156</td><td>359,441</td><td>406,058</td><td>-46,617</td></tr><tr><td>1946</td><td>65,247</td><td>65,630</td><td>-363</td><td>725,936</td><td>490,446</td><td>269,490</td><td>821,181</td><td>526,056</td><td>265,127</td></tr><tr><td>1947</td><td>97,228</td><td>42,298</td><td>54,930</td><td>658,741</td><td>634,289</td><td>26,452</td><td>725,899</td><td>676,567</td><td>39,332</td></tr><tr><td>1948</td><td>81,715</td><td>95,744</td><td>-15,029</td><td>211,621</td><td>291,424</td><td>-79,803</td><td>293,336</td><td>388,168</td><td>-94,832</td></tr><tr><td>1949</td><td>88,815</td><td>70,758</td><td>18,057</td><td>321,243</td><td>311,470</td><td>9,773</td><td>410,058</td><td>338,228</td><td>27,830</td></tr><tr><td>1950</td><td>173,703</td><td>198,266</td><td>-24,300</td><td>593,232</td><td>720,239</td><td>-121,007</td><td>763,000</td><td>908,407</td><td>-143,397</td></tr><tr><td>1951</td><td>278,293</td><td>349,666</td><td>-75,415</td><td>500,449</td><td>801,023</td><td>-300,574</td><td>772,700</td><td>1,149,659</td><td>-375,959</td></tr><tr><td>1952</td><td>289,813</td><td>339,682</td><td>-39,309</td><td>495,258</td><td>677,382</td><td>-132,124</td><td>785,071</td><td>1,007,004</td><td>-221,933</td></tr><tr><td>1952-July</td><td>23,866</td><td>33,007</td><td>-9,141</td><td>28,841</td><td>24,810</td><td>28,031</td><td>76,707</td><td>71,817</td><td>18,890</td></tr><tr><td>August</td><td>24,066</td><td>22,694</td><td>1,372</td><td>27,944</td><td>28,238</td><td>29,706</td><td>82,010</td><td>20,932</td><td>31,078</td></tr><tr><td>September</td><td>24,045</td><td>26,770</td><td>-2,125</td><td>38,946</td><td>27,498</td><td>11,448</td><td>63,991</td><td>24,268</td><td>9,323</td></tr><tr><td>October</td><td>22,066</td><td>20,778</td><td>1,288</td><td>81,250</td><td>71,871</td><td>9,373</td><td>103,518</td><td>90,655</td><td>11,863</td></tr><tr><td>November</td><td>19,297</td><td>16,256</td><td>2,831</td><td>13,531</td><td>14,207</td><td>-4,074</td><td>31,708</td><td>30,453</td><td>1,055</td></tr><tr><td>December</td><td>22,761</td><td>20,932</td><td>1,829</td><td>25,747</td><td>75,655</td><td>-49,908</td><td>48,508</td><td>96,597</td><td>-48,079</td></tr><tr><td>1953-January</td><td>25,372</td><td>26,100</td><td>-788</td><td>33,041</td><td>51,490</td><td>-18,449</td><td>58,413</td><td>77,590</td><td>-19,177</td></tr><tr><td>February</td><td>24,737</td><td>24,898</td><td>439</td><td>29,394</td><td>67,805</td><td>-38,411</td><td>54,131</td><td>93,313</td><td>-37,182</td></tr><tr><td>March</td><td>27,948</td><td>37,634</td><td>-10,056</td><td>39,571</td><td>48,292</td><td>-13,341</td><td>57,139</td><td>80,666</td><td>-23,447</td></tr><tr><td>April</td><td>21,848</td><td>20,741</td><td>1,107</td><td>29,243</td><td>58,212</td><td>-28,969</td><td>51,091</td><td>78,953</td><td>-27,862</td></tr><tr><td>May</td><td>16,856</td><td>41,796</td><td>-24,940</td><td>112,334</td><td>18,966</td><td>93,418</td><td>129,240</td><td>60,762</td><td>68,478</td></tr></table>
n.a. Not available.
p Preliminary.
60
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th colspan="5">Net capital movement</th><th colspan="5">Short-term banking funds</th></tr><tr><th>Country</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>4,827</td><td>1,407</td><td>5,947</td><td>6,011</td><td>6,870</td><td>4,250</td><td>1,600</td><td>5,995</td><td>5,990</td><td>6,862</td></tr><tr><td>Belgium</td><td>-1,107</td><td>10,095</td><td>1,132</td><td>2,637</td><td>-3,661</td><td>-2,678</td><td>10,344</td><td>669</td><td>3,671</td><td>-3,060</td></tr><tr><td>Czechoslovakia</td><td>9</td><td>14</td><td></td><td></td><td>78</td><td>11</td><td>-16</td><td>14</td><td>11</td><td>81</td></tr><tr><td>Denmark</td><td>-7,823</td><td>-3,496</td><td>5,921</td><td>11,058</td><td>1,806</td><td>-8,162</td><td>-3,283</td><td>908</td><td>9,166</td><td>1,443</td></tr><tr><td>Finland</td><td>4,825</td><td>-3,594</td><td>-3,105</td><td>1,719</td><td>1,050</td><td>4,846</td><td>-3,593</td><td>-3,150</td><td>1,716</td><td>4,048</td></tr><tr><td>France</td><td>-86,772</td><td>23,747</td><td>6,877</td><td>-23,928</td><td>21,970</td><td>-89,775</td><td>23,742</td><td>6,177</td><td>-26,217</td><td>20,910</td></tr><tr><td>Germany</td><td>-16,734</td><td>17,334</td><td>33,759</td><td>38,169</td><td>18,072</td><td>-16,094</td><td>17,441</td><td>33,699</td><td>38,181</td><td>18,049</td></tr><tr><td>Greece</td><td>3,197</td><td>1,173</td><td>3,428</td><td>5,078</td><td>4,592</td><td>3,277</td><td>3,212</td><td>3,538</td><td>5,023</td><td>4,533</td></tr><tr><td>Italy</td><td>-5,368</td><td>-18,516</td><td>3,170</td><td>5,872</td><td>441</td><td>-5,744</td><td>-18,925</td><td>3,153</td><td>6,193</td><td>1,694</td></tr><tr><td>Netherlands</td><td>2,925</td><td>10,365</td><td>6,471</td><td>-3,457</td><td>7,700</td><td>5,393</td><td>10,778</td><td>8,982</td><td>1,956</td><td>9,354</td></tr><tr><td>Norway</td><td>-2,921</td><td>3,499</td><td>-323</td><td>1,150</td><td>8,708</td><td>-3,330</td><td>10,183</td><td>-999</td><td>1,042</td><td>2,437</td></tr><tr><td>Poland</td><td>-1,156</td><td>1,011</td><td>12</td><td>107</td><td>121</td><td>-1,193</td><td>1,177</td><td>12</td><td>-807</td><td>173</td></tr><tr><td>Portugal</td><td>-9,579</td><td>6,648</td><td>725</td><td>91</td><td>2,901</td><td>-9,532</td><td>6,673</td><td>377</td><td>3</td><td>2,819</td></tr><tr><td>Romania</td><td>2</td><td>50</td><td>893</td><td>797</td><td>5,261</td><td>13</td><td>60</td><td>-933</td><td>46</td><td>-43</td></tr><tr><td>Sweden</td><td>2,841</td><td>2,503</td><td>-2,563</td><td>-971</td><td>2,264</td><td>2,777</td><td>2,469</td><td>-901</td><td>-1,011</td><td>5,280</td></tr><tr><td>Switzerland</td><td>-4,179</td><td>7,041</td><td>-4,025</td><td>-1,736</td><td>626</td><td>-4,426</td><td>6,783</td><td>-4,007</td><td>-1,219</td><td>-20</td></tr><tr><td>U.S.S.R.</td><td>-1,824</td><td>3,711</td><td>27,949</td><td>30,246</td><td>-24,835</td><td>-17,583</td><td>-1,595</td><td>22,957</td><td>24,739</td><td>-89,947</td></tr><tr><td>United Kingdom</td><td>74,254</td><td>-1375</td><td>-599</td><td>-1,388</td><td>-231</td><td>1,084</td><td>-372</td><td>-951</td><td>-1,339</td><td>251</td></tr><tr><td>Yugoslavia</td><td>848</td><td>1,492</td><td>8,248</td><td>91,744</td><td>60,009</td><td>61,730</td><td>-135,344</td><td>-1,316</td><td>94,720</td><td>62,822</td></tr><tr><td>Other Europe</td><td>-2,598</td><td>815</td><td>-1,994</td><td>64</td><td>11</td><td>-2,583</td><td>1,803</td><td>-1,123</td><td>72</td><td>597</td></tr><tr><td>Total Europe</td><td>-66,460</td><td>-69,662</td><td>101,221</td><td>166,642</td><td>108,378</td><td>-90,861</td><td>-68,140</td><td>83,397</td><td>160,882</td><td>107,343</td></tr><tr><td>Canada</td><td>8,84r</td><td>-111,657</td><td>-76,692</td><td>-22,713</td><td>-61,342</td><td>27,392</td><td>-56,064</td><td>-41,867</td><td>16,928</td><td>-330,103</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>-6,152</td><td>11,087</td><td>71</td><td>9,195</td><td>-1,449</td><td>-6,897</td><td>11,100</td><td>321</td><td>9,293</td><td>-1,044</td></tr><tr><td>Brazil</td><td>-6,192</td><td>-3,038</td><td>-2,713</td><td>-1,973</td><td>7,073</td><td>-6,125</td><td>-3,183</td><td>-2,718</td><td>7,049</td><td>7,049</td></tr><tr><td>Chile</td><td>2,864</td><td>17,975</td><td>4,676</td><td>-2,826</td><td>51,213</td><td>2,992</td><td>-18,573</td><td>4,909</td><td>-2,594</td><td>90,640</td></tr><tr><td>Colombia</td><td>174</td><td>10,990</td><td>4,344</td><td>11,901</td><td>5,188</td><td>-600</td><td>10,712</td><td>4,154</td><td>11,313</td><td>5,138</td></tr><tr><td>Cuba</td><td>524</td><td>12,907</td><td>4,458</td><td>3,630</td><td>-3,972</td><td>12,979</td><td>1,192</td><td>-3,584</td><td>3,630</td><td>-4,280</td></tr><tr><td>Costa Rica</td><td>-19,127</td><td>-1,117</td><td>45,968</td><td>29,303</td><td>28,070</td><td>19,323</td><td>-1,819</td><td>45,922</td><td>28,748</td><td>28,797</td></tr><tr><td>Dominican Republic</td><td>587</td><td>-766</td><td>130</td><td>1,387</td><td>-311</td><td>566</td><td>-100</td><td>1,298</td><td>1,288</td><td>-214</td></tr><tr><td>Guatemala</td><td>4,664</td><td>2,630</td><td>4,903</td><td>3,436</td><td>-372</td><td>4,070</td><td>2,102</td><td>4,922</td><td>3,430</td><td>944</td></tr><tr><td>Mexico</td><td>2,974</td><td>-25,974</td><td>-639</td><td>-4,146</td><td>-14,001</td><td>2,589</td><td>-26,332</td><td>-580</td><td>-5,996</td><td>-13,967</td></tr><tr><td>Netherlands West Indies and Burin</td><td>122</td><td>585</td><td>-336</td><td>-4,176</td><td>1,472</td><td>89</td><td>143</td><td>-266</td><td>-4,266</td><td>896</td></tr><tr><td>Paraguay</td><td>-427</td><td>-1,081</td><td>8,302</td><td>-1,014</td><td>-1,129</td><td>-262</td><td>-1,125</td><td>8,077</td><td>-1,338</td><td>-2,617</td></tr><tr><td>Republic of Panama</td><td>6,596</td><td>3,502</td><td>1,958</td><td>-1,637</td><td>4,762</td><td>7,767</td><td>3,364</td><td>1,474</td><td>-1,394</td><td>5,308</td></tr><tr><td>Uruguay</td><td>15,387</td><td>5,722</td><td>12,961</td><td>-1,661</td><td>-2,708</td><td>15,837</td><td>5,789</td><td>12,933</td><td>-2,660</td><td>-1,332</td></tr><tr><td>Venezuela</td><td>8,691</td><td>967</td><td>2,801</td><td>28,650</td><td>40,559</td><td>18,787</td><td>-19,104</td><td>10,653</td><td>27,434</td><td>42,143</td></tr><tr><td>Other Latin America</td><td>10,994</td><td>4,901</td><td>5,284</td><td>-7,167</td><td>10,137</td><td>10,687</td><td>5,052</td><td>4,825</td><td>-7,627</td><td>9,039</td></tr><tr><td>Total Latin America</td><td>-6,390</td><td>-10,352</td><td>87,673</td><td>99,601</td><td>114,937</td><td>-7,009</td><td>-10,802</td><td>86,669</td><td>71,161</td><td>113,891</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>-788</td><td>-116</td><td>-1,110</td><td>1,555</td><td>21</td><td>-877</td><td>-182</td><td>-1,169</td><td>1,492</td><td>-251</td></tr><tr><td>Formosa</td><td>-2,325</td><td>-443</td><td>-404</td><td>7,144</td><td>3,653</td><td>-8,599</td><td>-1,970</td><td>4,301</td><td>7,631</td><td>-3,110</td></tr><tr><td>Hong Kong</td><td>105</td><td>-577</td><td>-402</td><td>910</td><td>7,658</td><td>6,296</td><td>5,187</td><td>317</td><td>9,118</td><td>7,641</td></tr><tr><td>India</td><td>6,388</td><td>5,189</td><td>392</td><td>-2,930</td><td>-5,218</td><td>-2,966</td><td>2,967</td><td>6,626</td><td>-5,993</td><td>-5,950</td></tr><tr><td>Indonesia</td><td>-2,986</td><td>2,896</td><td>6,636</td><td>-2,930</td><td>-3,321</td><td>-8,625</td><td>-2,658</td><td>2,405</td><td>-579</td><td>-3,380</td></tr><tr><td>Iran</td><td>-2,643</td><td>-2,197</td><td>2,124</td><td>-3,188</td><td>1,759</td><td>-3,570</td><td>-2,731</td><td>-1,418</td><td>4,380</td><td>2,333</td></tr><tr><td>Israel</td><td>-7,931</td><td>-5,187</td><td>-10,288</td><td>-3,791</td><td>2,681</td><td>18,298</td><td>37,206</td><td>36,863</td><td>-13,898</td><td>-2,594</td></tr><tr><td>Japan</td><td>14,630</td><td>37,323</td><td>33,374</td><td>-33,793</td><td>-1,233</td><td>-8,595</td><td>3,226</td><td>15,662</td><td>-1,046</td><td>-2,607</td></tr><tr><td>Philippines</td><td>-8,520</td><td>3,280</td><td>18,083</td><td>3,373</td><td>1,875</td><td>6,339</td><td>3,325</td><td>-3,977</td><td>3,063</td><td>-6,807</td></tr><tr><td>Thailand</td><td>6,287</td><td>1,620</td><td>4,311</td><td>795</td><td>5,810</td><td>13,818</td><td>3,909</td><td>2,778</td><td>794</td><td>5,816</td></tr><tr><td>Turkey</td><td>13,819</td><td>1,888</td><td>2,770</td><td>-28,941</td><td>-19,904</td><td>-7,788</td><td>-3,494</td><td>63,243</td><td>-25,002</td><td>-20,084</td></tr><tr><td>Other Asia</td><td>-7,792</td><td>-3,230</td><td>61,104</td><td>-23,233</td><td>-17,234</td><td>13,048</td><td>47,984</td><td>109,635</td><td>-19,561</td><td>-15,863</td></tr><tr><td>Total Asia</td><td>8,550</td><td>45,212</td><td>106,442</td><td>-23,233</td><td>-17,234</td><td>13,048</td><td>47,984</td><td>109,635</td><td>-19,561</td><td>-15,863</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>4,930</td><td>4,336</td><td>2,826</td><td>2,625</td><td>8,837</td><td>4,717</td><td>4,099</td><td>1,873</td><td>2,518</td><td>8,931</td></tr><tr><td>Belgian Congo</td><td>-1,673</td><td>2,033</td><td>6,513</td><td>-1,533</td><td>5,943</td><td>-1,572</td><td>2,029</td><td>6,455</td><td>-1,475</td><td>5,960</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>-1,734</td><td>-3,260</td><td>-2,319</td><td>39</td><td>314</td><td>-1,730</td><td>-3,203</td><td>-1,278</td><td>26</td><td>323</td></tr><tr><td>Union of South Africa</td><td>12,841</td><td>-936</td><td>-5,585</td><td>2,682</td><td>-2,787</td><td>12,249</td><td>2,080</td><td>-5,433</td><td>2,768</td><td>-2,734</td></tr><tr><td>Other</td><td>3,354</td><td>8,979</td><td>-1,615</td><td>-3,983</td><td>5,224</td><td>8,909</td><td>5,104</td><td>-1,973</td><td>-3,703</td><td>5,423</td></tr><tr><td>Total other countries</td><td>17,118</td><td>7,152</td><td>376</td><td>-170</td><td>17,531</td><td>15,473</td><td>10,109</td><td>-256</td><td>134</td><td>17,117</td></tr><tr><td>International</td><td>34,095</td><td>-1,861</td><td>-39,694</td><td>60,946</td><td>27,175</td><td>8,660</td><td>-21,892</td><td>40,547</td><td>26,406</td><td>28,448</td></tr><tr><td>Grand total</td><td>-14,093</td><td>-140,201</td><td>172,636</td><td>283,072</td><td>189,845</td><td>-32,313</td><td>-98,831</td><td>197,031</td><td>271,490</td><td>115,996</td></tr></table>
p Preliminary.
r Revised.
August 1953
61
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Net Movement in Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States or net sales by foreigners)
<table><tr><th>Country</th><th colspan="5">Movement in brokerage balances</th><th colspan="5">Transactions in long-term securities, domestic and foreign</th></tr><tr><th></th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td>Europe:</td><td></td><td></td><td>1,973</td><td></td><td></td><td></td><td>1,953</td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>7</td><td>1</td><td>-17</td><td>-4</td><td>8</td><td>-30</td><td>-194</td><td>9</td><td>85</td><td>5</td></tr><tr><td>Belgium</td><td>101</td><td>-321</td><td>133</td><td>-603</td><td>55</td><td>1,470</td><td>72</td><td>90</td><td>-431</td><td>-696</td></tr><tr><td>Czechoslovakia</td><td>-8</td><td>-31</td><td>24</td><td>3</td><td>-73</td><td>-346</td><td>358</td><td>1,589</td><td>1,091</td><td>436</td></tr><tr><td>Denmark</td><td>1</td><td>-1</td><td></td><td></td><td></td><td>-22</td><td></td><td>45</td><td>2</td><td>2</td></tr><tr><td>Finland</td><td>-969</td><td>119</td><td>-1,040</td><td>927</td><td>218</td><td>1,372</td><td>-114</td><td>1,140</td><td>1,362</td><td>832</td></tr><tr><td>France</td><td>209</td><td>-92</td><td>106</td><td>63</td><td>-8</td><td>-22</td><td>-15</td><td>-6</td><td>175</td><td>49</td></tr><tr><td>Germany</td><td>20</td><td>-7</td><td>-5</td><td>-13</td><td>-4</td><td>22</td><td>-27</td><td>-6</td><td>12</td><td>23</td></tr><tr><td>Greece</td><td>46</td><td>196</td><td>76</td><td>-593</td><td>327</td><td>33</td><td>203</td><td>-59</td><td>-26</td><td>-1,100</td></tr><tr><td>Italy</td><td>700</td><td>-916</td><td>862</td><td>333</td><td>-713</td><td>-3,566</td><td>103</td><td>-3,773</td><td>-5,746</td><td>-381</td></tr><tr><td>Netherlands</td><td>-131</td><td>23</td><td>16</td><td>-166</td><td>-143</td><td>940</td><td>-6,707</td><td>545</td><td>274</td><td>434</td></tr><tr><td>Norway</td><td>3</td><td>-2</td><td></td><td>11</td><td>-57</td><td>40</td><td>6</td><td>289</td><td>77</td><td>163</td></tr><tr><td>Portugal</td><td>-41</td><td>-61</td><td>59</td><td>-16</td><td>15</td><td>-7</td><td>36</td><td>77</td><td>-50</td><td>-41</td></tr><tr><td>Poland</td><td>59</td><td>9</td><td>45</td><td>-2</td><td>-1</td><td>54</td><td>839</td><td>-1,025</td><td>512</td><td>847</td></tr><tr><td>Sweden</td><td>-1,393</td><td>-11</td><td>33</td><td>5</td><td>-12</td><td>15,495</td><td>7,789</td><td>-51</td><td>3,119</td><td>1,170</td></tr><tr><td>Switzerland</td><td>-1,466</td><td>-8,489</td><td>-324</td><td>2,335</td><td>542</td><td>2,555</td><td>2,461</td><td>12,987</td><td>2,559</td><td>-1,673</td></tr><tr><td>U.S. &amp; Puerto Rico</td><td>1,074</td><td>-1,610</td><td>-1,366</td><td>2,116</td><td>-770</td><td>5,555</td><td>1,915</td><td>-8</td><td>898</td><td>-628</td></tr><tr><td>United Kingdom</td><td>1,55</td><td>79</td><td>-199</td><td>-18</td><td>116</td><td>-167</td><td>-1,067</td><td>-572</td><td>589</td><td>-662</td></tr><tr><td>Yugoslavia</td><td>154</td><td>79</td><td>-199</td><td>-18</td><td>116</td><td>-167</td><td>-1,067</td><td>-572</td><td>589</td><td>-662</td></tr><tr><td>Other Europe</td><td>342</td><td>-1,734</td><td>-1,317</td><td>4,708</td><td>-589</td><td>22,099</td><td>3,212</td><td>19,441</td><td>3,059</td><td>1,264</td></tr><tr><td>Total Europe</td><td>2,045</td><td>1,133</td><td>1,589</td><td>-4,388</td><td>830</td><td>-28,549</td><td>-56,726</td><td>-36,414</td><td>-34,791</td><td>67,336</td></tr><tr><td>Canada</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>202</td><td>-20</td><td>10</td><td>-147</td><td>-88</td><td>-57</td><td>7</td><td>82</td><td>89</td><td>289</td></tr><tr><td>Bolivia</td><td>28</td><td>-15</td><td>-15</td><td>-16</td><td>-1</td><td>6</td><td>22</td><td>31</td><td>39</td><td>-33</td></tr><tr><td>Brazil</td><td>-239</td><td>15</td><td>-100</td><td>595</td><td>284</td><td>507</td><td>583</td><td>-133</td><td>97</td><td>292</td></tr><tr><td>Chile</td><td>29</td><td>167</td><td>-21</td><td>-19</td><td>-185</td><td>397</td><td>11</td><td>201</td><td>109</td><td>161</td></tr><tr><td>Colombia</td><td>1,499</td><td>189</td><td>-188</td><td>-2,384</td><td>285</td><td>-1,369</td><td>-7</td><td>-25</td><td>891</td><td>148</td></tr><tr><td>Cuba</td><td>282</td><td>-166</td><td>-203</td><td>264</td><td>562</td><td>46</td><td>1,068</td><td>-1,037</td><td>9</td><td>711</td></tr><tr><td>Dominican Republic</td><td>1</td><td>-1</td><td>69</td><td>-10</td><td>112</td><td>17</td><td>142</td><td>9</td><td>-37</td><td>113</td></tr><tr><td>Guatemala</td><td>12</td><td>-34</td><td>-18</td><td>-11</td><td>-33</td><td>-30</td><td>105</td><td>128</td><td>83</td><td>-234</td></tr><tr><td>Mexico</td><td>-582</td><td>279</td><td>213</td><td>37</td><td>200</td><td>967</td><td></td><td></td><td></td><td></td></tr><tr><td>Netherlands West Indies and Suriname</td><td>44</td><td>25</td><td>-68</td><td>4</td><td>-31</td><td>-11</td><td>71</td><td>-8</td><td>86</td><td>647</td></tr><tr><td>Panama</td><td>-318</td><td>115</td><td>-27</td><td>386</td><td>-176</td><td>133</td><td>-61</td><td>322</td><td>-12</td><td>-186</td></tr><tr><td>Republic of Panama</td><td>-438</td><td>-59</td><td>-85</td><td>-21</td><td>-84</td><td>-681</td><td>197</td><td>146</td><td>-12</td><td>-202</td></tr><tr><td>El Salvador</td><td>-8</td><td>-21</td><td>-29</td><td>-705</td><td>-20</td><td>466</td><td>-158</td><td>438</td><td>1,003</td><td>-312</td></tr><tr><td>Venezuela</td><td>92</td><td>534</td><td>-61</td><td>-540</td><td>-1,592</td><td>-284</td><td>131</td><td>942</td><td>715</td><td>811</td></tr><tr><td>Other Latin America</td><td>112</td><td>-1,631</td><td>-248</td><td>-299</td><td>-567</td><td>-103</td><td>-318</td><td>770</td><td>1,630</td><td>1,646</td></tr><tr><td>Total Latin America</td><td>734</td><td>-1,039</td><td>-1,092</td><td>-2,190</td><td>-560</td><td>-15</td><td>1,482</td><td>2,096</td><td>4,630</td><td>1,646</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>-46</td><td>44</td><td>7</td><td>-15</td><td>16</td><td>135</td><td>-18</td><td>52</td><td>74</td><td>236</td></tr><tr><td>Formosa</td><td>-10</td><td>285</td><td>-570</td><td>-178</td><td>-287</td><td>361</td><td>188</td><td>-169</td><td>-17</td><td>396</td></tr><tr><td>Hong Kong</td><td>-607</td><td>10</td><td>-17</td><td>-2</td><td>5</td><td>-17</td><td>-86</td><td>128</td><td>138</td><td>19</td></tr><tr><td>India</td><td>109</td><td>3</td><td>-2</td><td>1</td><td>-2</td><td>1</td><td>-3</td><td>-1</td><td>7</td><td>34</td></tr><tr><td>Indonesia</td><td>2</td><td></td><td></td><td>-2</td><td>-1</td><td></td><td>-21</td><td>-51</td><td>2</td><td></td></tr><tr><td>Iran</td><td>-21</td><td>124</td><td>-141</td><td>19</td><td>-7</td><td>-4,580</td><td>-2,600</td><td>-2,737</td><td>-4,125</td><td>-3,108</td></tr><tr><td>Israel</td><td>19</td><td>144</td><td>2</td><td>25</td><td>-20</td><td>22</td><td>117</td><td>559</td><td>182</td><td>168</td></tr><tr><td>Japan</td><td>10</td><td>-2</td><td>-21</td><td>51</td><td>51</td><td>50</td><td>34</td><td>29</td><td>24</td><td>10</td></tr><tr><td>Philippines</td><td>-156</td><td>118</td><td>-29</td><td>94</td><td>10</td><td>48</td><td>-353</td><td>95</td><td>16</td><td>322</td></tr><tr><td>Thailand</td><td>3</td><td>-6</td><td></td><td>1</td><td>-29</td><td>-2</td><td>-15</td><td>-8</td><td>-6</td><td>-33</td></tr><tr><td>Turkey</td><td>-24</td><td>86</td><td>-225</td><td>119</td><td>142</td><td>60</td><td>180</td><td>86</td><td>80</td><td>1</td></tr><tr><td>Other Asia</td><td>-721</td><td>690</td><td>-977</td><td>68</td><td>-111</td><td>-3,777</td><td>-2,468</td><td>-2,216</td><td>-3,739</td><td>-1,858</td></tr><tr><td>Total Asia</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>-5</td><td>-10</td><td>-1</td><td>9</td><td>-7</td><td>218</td><td>247</td><td>410</td><td>98</td><td>11</td></tr><tr><td>Belgium Congo</td><td></td><td>1</td><td>58</td><td>-57</td><td>-1</td><td>-1</td><td>3</td><td>-1</td><td>-1</td><td>-16</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>7</td><td>-7</td><td>-53</td><td>-11</td><td>60</td><td>-11</td><td>-50</td><td>12</td><td>13</td><td>19</td></tr><tr><td>Union of South Africa</td><td>100</td><td>-23</td><td>-6</td><td>-11</td><td>-52</td><td>-108</td><td>-2,993</td><td>-146</td><td>-75</td><td>-372</td></tr><tr><td>Other</td><td>1,014</td><td>-296</td><td>108</td><td>625</td><td>176</td><td>-731</td><td>-369</td><td>930</td><td>-995</td><td>-366</td></tr><tr><td>Total other countries</td><td>1,116</td><td>-895</td><td>106</td><td>566</td><td>176</td><td>-471</td><td>-2,062</td><td>586</td><td>-870</td><td>-366</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td></td><td>25,475</td><td>20,031</td><td>863</td><td>4,940</td><td>4,727</td></tr><tr><td>Grand total</td><td>3,516</td><td>-4,845</td><td>-1,691</td><td>-1,236</td><td>-194</td><td>14,722</td><td>-36,529</td><td>-15,704</td><td>-27,172</td><td>73,651</td></tr></table>
Preliminary
62
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Claims on foreigners</th><th colspan="5">Liabilities to foreigners</th></tr><tr><th></th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td>Europe:</td><td></td><td></td><td>1953</td><td></td><td></td><td>1953</td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>134</td><td>158</td><td>196</td><td>166</td><td>131</td><td>94,889</td><td>96,313</td><td>108,306</td><td>108,246</td><td>112,093</td></tr><tr><td>Belgium</td><td>16,033</td><td>15,969</td><td>18,709</td><td>14,119</td><td>12,365</td><td>121,258</td><td>131,408</td><td>130,795</td><td>133,796</td><td>128,976</td></tr><tr><td>Czechoslovakia</td><td>3,240</td><td>4,312</td><td>5,065</td><td>3,608</td><td>1,248</td><td>63,705</td><td>60,657</td><td>68,315</td><td>70,016</td><td>69,409</td></tr><tr><td>Denmark</td><td>5,080</td><td>4,421</td><td>5,123</td><td>4,138</td><td>8,952</td><td>32,851</td><td>28,521</td><td>28,433</td><td>26,874</td><td>25,715</td></tr><tr><td>Finland</td><td>28,681</td><td>8,769</td><td>8,282</td><td>8,776</td><td>9,772</td><td>246,944</td><td>251,463</td><td>259,098</td><td>231,401</td><td>259,632</td></tr><tr><td>France</td><td>24,052</td><td>27,342</td><td>27,151</td><td>30,164</td><td>30,968</td><td>531,651</td><td>582,182</td><td>585,690</td><td>626,044</td><td>645,628</td></tr><tr><td>Germany</td><td>225</td><td>140</td><td>133</td><td>128</td><td>179</td><td>50,666</td><td>53,733</td><td>57,122</td><td>61,955</td><td>66,515</td></tr><tr><td>Greece</td><td>22,911</td><td>20,101</td><td>25,345</td><td>25,345</td><td>25,345</td><td>308,210</td><td>286,663</td><td>304,239</td><td>311,625</td><td>318,428</td></tr><tr><td>Italy</td><td>6,358</td><td>6,231</td><td>6,948</td><td>5,984</td><td>9,066</td><td>210,405</td><td>221,096</td><td>230,695</td><td>231,907</td><td>244,083</td></tr><tr><td>Netherlands</td><td>1,690</td><td>1,671</td><td>1,487</td><td>1,135</td><td>1,289</td><td>106,779</td><td>116,938</td><td>115,869</td><td>116,559</td><td>119,150</td></tr><tr><td>Norway</td><td>35</td><td>30</td><td>30</td><td>30</td><td>31</td><td>2,954</td><td>2,346</td><td>2,358</td><td>2,072</td><td>2,245</td></tr><tr><td>Poland</td><td>475</td><td>588</td><td>512</td><td>497</td><td>525</td><td>47,507</td><td>54,961</td><td>54,792</td><td>54,940</td><td>57,711</td></tr><tr><td>Portugal</td><td>75</td><td>5</td><td>5</td><td>5</td><td>5</td><td>6,111</td><td>6,061</td><td>5,768</td><td>5,814</td><td>5,771</td></tr><tr><td>Romania</td><td>9,394</td><td>5,757</td><td>5,953</td><td>7,331</td><td>6,703</td><td>80,190</td><td>18,955</td><td>17,618</td><td>18,809</td><td>28,561</td></tr><tr><td>Spain</td><td>8,567</td><td>2,247</td><td>2,404</td><td>3,153</td><td>2,931</td><td>86,581</td><td>93,044</td><td>89,194</td><td>88,704</td><td>88,444</td></tr><tr><td>Sweden</td><td>13,499</td><td>13,170</td><td>11,241</td><td>14,462</td><td>12,736</td><td>610,523</td><td>608,323</td><td>639,833</td><td>657,597</td><td>686,011</td></tr><tr><td>U.S.S.R.</td><td>32,269</td><td>35,624</td><td>35,805</td><td>23,363</td><td>27,267</td><td>897,827</td><td>724,350</td><td>751,255</td><td>833,698</td><td>900,041</td></tr><tr><td>United Kingdom</td><td>7,975</td><td>8,380</td><td>8,483</td><td>8,483</td><td>4,788</td><td>12,110</td><td>9,320</td><td>9,314</td><td>9,683</td><td>10,567</td></tr><tr><td>Yugoslavia</td><td>6,994</td><td>6,278</td><td>6,487</td><td>6,636</td><td>7,678</td><td>44,234</td><td>45,321</td><td>44,347</td><td>44,681</td><td>45,877</td></tr><tr><td>Other Europe</td><td>138,396</td><td>126,718</td><td>161,459</td><td>128,896</td><td>135,443</td><td>3,491,534</td><td>3,397,776</td><td>3,485,310</td><td>3,538,213</td><td>3,748,103</td></tr><tr><td>Total Europe</td><td>56,265</td><td>57,770</td><td>61,277</td><td>60,671</td><td>57,396</td><td>1,446,023</td><td>1,387,472</td><td>1,349,104</td><td>1,364,956</td><td>1,331,573</td></tr><tr><td>Latin America</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>7,409</td><td>7,205</td><td>7,061</td><td>7,736</td><td>10,232</td><td>131,768</td><td>140,644</td><td>142,479</td><td>150,407</td><td>151,259</td></tr><tr><td>Bolivia</td><td>6,454</td><td>10,709</td><td>13,364</td><td>18,637</td><td>15,371</td><td>10,945</td><td>20,155</td><td>20,095</td><td>19,590</td><td>21,373</td></tr><tr><td>Brazil</td><td>331,150</td><td>331,477</td><td>370,651</td><td>378,649</td><td>354,460</td><td>71,650</td><td>81,414</td><td>75,697</td><td>81,113</td><td>111,582</td></tr><tr><td>Chile</td><td>53,777</td><td>13,377</td><td>13,013</td><td>9,600</td><td>8,697</td><td>79,687</td><td>88,431</td><td>86,970</td><td>88,265</td><td>93,003</td></tr><tr><td>Colombia</td><td>36,448</td><td>36,908</td><td>37,799</td><td>38,960</td><td>39,813</td><td>113,394</td><td>126,519</td><td>123,879</td><td>125,342</td><td>122,055</td></tr><tr><td>Cuba</td><td>26,532</td><td>30,730</td><td>37,822</td><td>34,947</td><td>27,158</td><td>275,938</td><td>278,317</td><td>331,311</td><td>357,124</td><td>372,200</td></tr><tr><td>Costa Rica</td><td>1,718</td><td>2,259</td><td>2,890</td><td>2,733</td><td>2,781</td><td>44,982</td><td>47,539</td><td>46,592</td><td>46,263</td><td>46,001</td></tr><tr><td>Guatemala</td><td>4,330</td><td>4,872</td><td>4,371</td><td>4,247</td><td>3,123</td><td>38,530</td><td>41,213</td><td>45,564</td><td>49,080</td><td>47,202</td></tr><tr><td>Mexico</td><td>94,153</td><td>94,548</td><td>96,092</td><td>86,853</td><td>83,049</td><td>239,283</td><td>213,320</td><td>213,984</td><td>199,349</td><td>183,578</td></tr><tr><td>Netherlands Antilles</td><td>1,417</td><td>1,668</td><td>2,098</td><td>2,181</td><td>2,491</td><td>44,469</td><td>45,369</td><td>45,333</td><td>41,150</td><td>42,316</td></tr><tr><td>Peru</td><td>15,670</td><td>17,185</td><td>11,678</td><td>12,469</td><td>13,741</td><td>61,505</td><td>61,885</td><td>67,455</td><td>63,858</td><td>60,493</td></tr><tr><td>Republic of Panama</td><td>5,676</td><td>4,261</td><td>4,243</td><td>5,388</td><td>4,874</td><td>87,734</td><td>90,401</td><td>91,139</td><td>90,430</td><td>95,284</td></tr><tr><td>Paraguay</td><td>8,111</td><td>5,750</td><td>4,650</td><td>4,746</td><td>4,621</td><td>40,227</td><td>44,356</td><td>50,299</td><td>58,497</td><td>48,111</td></tr><tr><td>Uruguay</td><td>14,017</td><td>9,252</td><td>7,334</td><td>7,446</td><td>7,621</td><td>94,217</td><td>97,306</td><td>91,735</td><td>94,950</td><td>87,201</td></tr><tr><td>Venezuela</td><td>34,220</td><td>32,994</td><td>35,699</td><td>33,398</td><td>35,104</td><td>128,288</td><td>103,916</td><td>117,322</td><td>142,469</td><td>136,324</td></tr><tr><td>Other Latin America</td><td>21,310</td><td>18,105</td><td>18,831</td><td>14,559</td><td>13,772</td><td>128,758</td><td>131,608</td><td>135,559</td><td>130,360</td><td>133,112</td></tr><tr><td>Total Latin America</td><td>647,464</td><td>676,899</td><td>672,749</td><td>658,975</td><td>633,108</td><td>1,591,369</td><td>1,605,976</td><td>1,662,435</td><td>1,735,882</td><td>1,823,366</td></tr><tr><td>Asia</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2,657</td><td>2,657</td><td>2,657</td><td>2,557</td><td>2,785</td><td>37,432</td><td>37,290</td><td>36,321</td><td>37,503</td><td>37,430</td></tr><tr><td>Formosa</td><td>7,763</td><td>7,175</td><td>6,733</td><td>6,278</td><td>5,571</td><td>35,096</td><td>33,461</td><td>34,538</td><td>35,033</td><td>34,639</td></tr><tr><td>Hong Kong</td><td>1,393</td><td>2,432</td><td>2,033</td><td>2,671</td><td>2,076</td><td>71,987</td><td>72,434</td><td>72,710</td><td>79,647</td><td>72,342</td></tr><tr><td>India</td><td>3,656</td><td>3,272</td><td>4,113</td><td>3,181</td><td>3,181</td><td>10,190</td><td>15,064</td><td>67,138</td><td>69,219</td><td>98,964</td></tr><tr><td>Indonesia</td><td>807</td><td>508</td><td>516</td><td>586</td><td>770</td><td>58,016</td><td>60,664</td><td>67,138</td><td>64,896</td><td>58,964</td></tr><tr><td>Iran</td><td>10,175</td><td>10,153</td><td>10,930</td><td>11,650</td><td>12,619</td><td>36,544</td><td>16,360</td><td>19,342</td><td>19,483</td><td>17,132</td></tr><tr><td>Israel</td><td>25,890</td><td>25,099</td><td>25,232</td><td>24,193</td><td>20,473</td><td>26,230</td><td>22,738</td><td>15,313</td><td>15,312</td><td>16,432</td></tr><tr><td>Japan</td><td>11,930</td><td>12,358</td><td>16,994</td><td>29,994</td><td>14,685</td><td>321,952</td><td>262,160</td><td>289,116</td><td>282,106</td><td>305,063</td></tr><tr><td>Philippines</td><td>10,694</td><td>11,993</td><td>9,999</td><td>14,208</td><td>13,685</td><td>309,504</td><td>313,709</td><td>328,777</td><td>327,934</td><td>326,063</td></tr><tr><td>Thailand</td><td>2,613</td><td>3,035</td><td>6,112</td><td>4,366</td><td>4,338</td><td>186,743</td><td>190,420</td><td>192,999</td><td>194,797</td><td>192,038</td></tr><tr><td>Turkey</td><td>26,668</td><td>21,202</td><td>18,639</td><td>17,441</td><td>10,216</td><td>10,166</td><td>8,609</td><td>8,380</td><td>8,416</td><td>7,327</td></tr><tr><td>Other Asia</td><td>21,620</td><td>21,298</td><td>21,336</td><td>23,762</td><td>20,189</td><td>210,743</td><td>206,878</td><td>265,480</td><td>285,926</td><td>221,928</td></tr><tr><td>Total Asia</td><td>125,865</td><td>128,042</td><td>125,319</td><td>132,082</td><td>110,320</td><td>1,855,298</td><td>1,501,459</td><td>2,012,571</td><td>1,999,513</td><td>1,962,945</td></tr><tr><td>Other countries</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>9,222</td><td>6,367</td><td>6,972</td><td>7,647</td><td>7,312</td><td>51,087</td><td>28,284</td><td>24,302</td><td>97,999</td><td>66,317</td></tr><tr><td>Belgian Congo</td><td>6,974</td><td>6,534</td><td>6,338</td><td>6,667</td><td>6,658</td><td>117,883</td><td>119,467</td><td>125,976</td><td>124,339</td><td>139,321</td></tr><tr><td>R Egypt and Anglo-Egyptian Sudan</td><td>299</td><td>303</td><td>281</td><td>270</td><td>274</td><td>36,427</td><td>25,068</td><td>21,370</td><td>23,983</td><td>24,325</td></tr><tr><td>Union of South Africa</td><td>2,432</td><td>2,133</td><td>2,670</td><td>2,304</td><td>2,304</td><td>16,383</td><td>18,382</td><td>33,948</td><td>36,940</td><td>33,866</td></tr><tr><td>Other</td><td>4,432</td><td>3,766</td><td>3,102</td><td>3,469</td><td>3,353</td><td>30,004</td><td>93,282</td><td>91,885</td><td>98,340</td><td>93,866</td></tr><tr><td>Total other countries</td><td>24,096</td><td>18,653</td><td>19,365</td><td>21,890</td><td>21,051</td><td>153,729</td><td>358,435</td><td>395,001</td><td>361,510</td><td>378,409</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td></td><td>1,767,052</td><td>1,745,160</td><td>1,708,643</td><td>1,761,019</td><td>1,783,467</td></tr><tr><td>Grand total</td><td>1,036,006</td><td>1,034,110</td><td>1,040,605</td><td>1,026,423</td><td>977,318</td><td>10,501,005</td><td>10,400,278</td><td>10,603,804</td><td>10,861,102</td><td>10,927,583</td></tr></table>
P Preliminary. r Revised.
August 1955
63
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Foreign Debit and Credit Balances in Brokerage Accounts
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Debt balances (due from foreigners) 1993</th><th colspan="5">Credit balances (due to foreigners) 1993</th></tr><tr><th></th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>18</td><td>14</td><td>15</td><td>15</td><td>17</td><td>31</td><td>28</td><td>12</td><td>8</td><td>18</td></tr><tr><td>Belgium</td><td>209</td><td>262</td><td>280</td><td>237</td><td>145</td><td>3,026</td><td>2,758</td><td>3,129</td><td>2,243</td><td>2,506</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>299</td><td>233</td><td>336</td><td>192</td><td>162</td><td>145</td><td>122</td><td>142</td></tr><tr><td>Denmark</td><td>339</td><td>340</td><td>299</td><td>233</td><td>336</td><td>3</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Finland</td><td>2,114</td><td>1,921</td><td>3,042</td><td>2,675</td><td>2,246</td><td>2,971</td><td>2,967</td><td>2,978</td><td>3,233</td><td>3,327</td></tr><tr><td>France</td><td>626</td><td>546</td><td>296</td><td>225</td><td>232</td><td>50</td><td>52</td><td>68</td><td>100</td><td>69</td></tr><tr><td>Germany</td><td>3</td><td>4</td><td>3</td><td>6</td><td>12</td><td>42</td><td>36</td><td>30</td><td>20</td><td>22</td></tr><tr><td>Greece</td><td>312</td><td>286</td><td>290</td><td>297</td><td>210</td><td>722</td><td>892</td><td>672</td><td>684</td><td>924</td></tr><tr><td>Italy</td><td>338</td><td>283</td><td>299</td><td>339</td><td>345</td><td>5,260</td><td>4,265</td><td>6,123</td><td>6,236</td><td>5,429</td></tr><tr><td>Netherlands</td><td>224</td><td>230</td><td>234</td><td>289</td><td>304</td><td>596</td><td>625</td><td>645</td><td>530</td><td>466</td></tr><tr><td>Norway</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>27</td><td>71</td><td>51</td><td>58</td><td>57</td><td>205</td><td>188</td><td>267</td><td>245</td><td>187</td></tr><tr><td>Portugal</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Romania</td><td>61</td><td>265</td><td>287</td><td>278</td><td>281</td><td>243</td><td>256</td><td>323</td><td>298</td><td>316</td></tr><tr><td>Spain</td><td>261</td><td>265</td><td>287</td><td>278</td><td>281</td><td>243</td><td>256</td><td>323</td><td>298</td><td>316</td></tr><tr><td>Sweden</td><td>5,310</td><td>5,994</td><td>6,472</td><td>6,341</td><td>6,270</td><td>24,033</td><td>22,248</td><td>22,422</td><td>22,608</td><td>25,077</td></tr><tr><td>U.S. S. R.</td><td>2,992</td><td>3,655</td><td>5,626</td><td>2,971</td><td>3,738</td><td>5,718</td><td>4,771</td><td>5,376</td><td>4,837</td><td>4,854</td></tr><tr><td>United Kingdom</td><td>-</td><td>-</td><td>80</td><td>101</td><td>76</td><td>1,230</td><td>1,272</td><td>1,111</td><td>1,124</td><td>1,205</td></tr><tr><td>Turkey</td><td>79</td><td>45</td><td>80</td><td>101</td><td>76</td><td>1,230</td><td>1,272</td><td>1,111</td><td>1,124</td><td>1,205</td></tr><tr><td>Other Europe</td><td>12,592</td><td>13,818</td><td>17,632</td><td>14,205</td><td>14,389</td><td>44,925</td><td>41,417</td><td>43,914</td><td>45,195</td><td>44,866</td></tr><tr><td>Total Europe</td><td>8,356</td><td>7,400</td><td>6,167</td><td>7,186</td><td>6,669</td><td>10,238</td><td>10,415</td><td>10,772</td><td>7,402</td><td>7,715</td></tr><tr><td>Canada</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Latin America</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>320</td><td>333</td><td>302</td><td>296</td><td>303</td><td>1,705</td><td>1,698</td><td>1,677</td><td>1,284</td><td>1,443</td></tr><tr><td>Bolivia</td><td>5</td><td>3</td><td>4</td><td>11</td><td>16</td><td>81</td><td>64</td><td>20</td><td>39</td><td>43</td></tr><tr><td>Brazil</td><td>1,130</td><td>1,083</td><td>1,225</td><td>1,149</td><td>1,026</td><td>1,187</td><td>1,155</td><td>1,227</td><td>1,346</td><td>1,247</td></tr><tr><td>Chile</td><td>374</td><td>230</td><td>280</td><td>230</td><td>242</td><td>863</td><td>963</td><td>965</td><td>965</td><td>783</td></tr><tr><td>Colombia</td><td>130</td><td>106</td><td>90</td><td>89</td><td>82</td><td>3,109</td><td>3,274</td><td>2,470</td><td>85</td><td>363</td></tr><tr><td>Cuba</td><td>5,853</td><td>6,237</td><td>6,357</td><td>5,932</td><td>5,855</td><td>2,302</td><td>2,340</td><td>2,237</td><td>2,076</td><td>2,561</td></tr><tr><td>Dominican Republic</td><td>1</td><td>3</td><td>2</td><td>121</td><td>10</td><td>59</td><td>54</td><td>122</td><td>233</td><td>232</td></tr><tr><td>Mexico</td><td>2,508</td><td>2,500</td><td>1</td><td>2,941</td><td>2,625</td><td>2,278</td><td>2,949</td><td>2,753</td><td>2,092</td><td>3,124</td></tr><tr><td>Netherlands West Indies</td><td>28</td><td>30</td><td>42</td><td>32</td><td>65</td><td>206</td><td>233</td><td>177</td><td>171</td><td>173</td></tr><tr><td>Paraguay</td><td>294</td><td>308</td><td>346</td><td>142</td><td>304</td><td>163</td><td>292</td><td>233</td><td>425</td><td>262</td></tr><tr><td>Republic of Panama</td><td>330</td><td>324</td><td>392</td><td>331</td><td>278</td><td>2,151</td><td>2,066</td><td>2,092</td><td>1,998</td><td>1,862</td></tr><tr><td>El Salvador</td><td>785</td><td>800</td><td>55</td><td>751</td><td>732</td><td>6,372</td><td>7,011</td><td>6,628</td><td>5,831</td><td>5,879</td></tr><tr><td>Trinidad</td><td>1,295</td><td>1,741</td><td>2,011</td><td>1,949</td><td>2,030</td><td>4,890</td><td>3,404</td><td>3,623</td><td>4,091</td><td>2,580</td></tr><tr><td>Other Latin America</td><td>384</td><td>291</td><td>904</td><td>1,102</td><td>446</td><td>508</td><td>492</td><td>620</td><td>563</td><td>534</td></tr><tr><td>Total Latin America</td><td>14,231</td><td>14,800</td><td>15,313</td><td>14,851</td><td>14,124</td><td>26,630</td><td>25,760</td><td>25,181</td><td>28,292</td><td>21,242</td></tr><tr><td>Asia</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>43</td><td>1</td><td>1</td><td>1</td><td>1</td><td>66</td><td>63</td><td>70</td><td>69</td><td>85</td></tr><tr><td>India</td><td>334</td><td>33</td><td>978</td><td>783</td><td>864</td><td>8,085</td><td>2,512</td><td>2,185</td><td>1,812</td><td>1,606</td></tr><tr><td>Hong Kong</td><td>594</td><td>735</td><td>9</td><td>44</td><td>43</td><td>84</td><td>92</td><td>89</td><td>92</td><td>83</td></tr><tr><td>Indonesia</td><td>37</td><td>17</td><td>17</td><td>17</td><td>18</td><td>6</td><td>6</td><td>7</td><td>6</td><td>7</td></tr><tr><td>Iran</td><td>17</td><td>1</td><td>-</td><td>1</td><td>1</td><td>3</td><td>6</td><td>5</td><td>7</td><td>3</td></tr><tr><td>Israel</td><td>7</td><td>6</td><td>6</td><td>6</td><td>3</td><td>31</td><td>175</td><td>32</td><td>51</td><td>28</td></tr><tr><td>Japan</td><td>35</td><td>36</td><td>68</td><td>15</td><td>23</td><td>50</td><td>51</td><td>51</td><td>76</td><td>59</td></tr><tr><td>Philippines</td><td>128</td><td>6</td><td>40</td><td>150</td><td>8</td><td>18</td><td>20</td><td>25</td><td>289</td><td>97</td></tr><tr><td>Thailand</td><td>2</td><td>-</td><td>-</td><td>82</td><td>13</td><td>26</td><td>18</td><td>18</td><td>19</td><td>3</td></tr><tr><td>Turkey</td><td>56</td><td>110</td><td>214</td><td>82</td><td>124</td><td>563</td><td>701</td><td>980</td><td>567</td><td>721</td></tr><tr><td>Other Asia</td><td>960</td><td>928</td><td>1,375</td><td>1,157</td><td>1,157</td><td>2,968</td><td>3,680</td><td>3,096</td><td>2,946</td><td>2,839</td></tr><tr><td>Total Asia</td><td>14</td><td>15</td><td>14</td><td>15</td><td>19</td><td>36</td><td>27</td><td>25</td><td>35</td><td>32</td></tr><tr><td>Other countries</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>14</td><td>15</td><td>14</td><td>15</td><td>19</td><td>36</td><td>27</td><td>25</td><td>35</td><td>32</td></tr><tr><td>Belgian Congo</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>3</td><td>1</td><td>3</td><td>3</td></tr><tr><td>Egypt and Anglo</td><td>3</td><td>2</td><td>5</td><td>2</td><td>5</td><td>2</td><td>87</td><td>34</td><td>34</td><td>94</td></tr><tr><td>Egyptian Sudan</td><td>13</td><td>12</td><td>80</td><td>18</td><td>9</td><td>446</td><td>428</td><td>424</td><td>411</td><td>350</td></tr><tr><td>Union of South Africa</td><td>347</td><td>411</td><td>495</td><td>209</td><td>167</td><td>1,992</td><td>1,200</td><td>1,392</td><td>1,731</td><td>1,965</td></tr><tr><td>Other</td><td>379</td><td>443</td><td>534</td><td>287</td><td>200</td><td>2,570</td><td>1,739</td><td>1,936</td><td>2,215</td><td>2,344</td></tr><tr><td>Total other countries</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International</td><td>36,518</td><td>37,443</td><td>41,031</td><td>37,646</td><td>36,535</td><td>86,931</td><td>83,011</td><td>84,898</td><td>80,897</td><td>78,982</td></tr><tr><td>Grand total</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
p Preliminary
64
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Details for Month of March 1953
Table 1.- Short-Term Claims on Foreigners (Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th colspan="4">Short-term claims payable in dollars</th><th colspan="4">Short-term claims payable in foreign currencies</th></tr><tr><th></th><th>Total short-term claims</th><th>Total</th><th>Loans to: Foreign banks and official institutions</th><th>Other</th><th>Collections outstanding for account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of reporting banks for domestic customers with foreigner</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>196</td><td>193</td><td>106</td><td>87</td><td>87</td><td>9,494</td><td>390</td><td>3</td><td>2</td><td>1</td></tr><tr><td>Belgium</td><td>14,758</td><td>14,405</td><td>1,490</td><td>287</td><td>3,137</td><td>9,494</td><td>5</td><td>291</td><td>4</td><td>1</td></tr><tr><td>Czechoslovakia</td><td>18</td><td>14</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>5,065</td><td>4,992</td><td>89</td><td>284</td><td>318</td><td>4,928</td><td>70</td><td>70</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>2,113</td><td>2,115</td><td>213</td><td>29</td><td>134</td><td>7,742</td><td>5</td><td>5</td><td>9</td><td>1</td></tr><tr><td>France</td><td>8,242</td><td>7,876</td><td>1,709</td><td>2,067</td><td>1,229</td><td>975</td><td>2,366</td><td>696</td><td>1,661</td><td>1</td></tr><tr><td>Germany</td><td>27,151</td><td>24,869</td><td>11,577</td><td>4,014</td><td>3,074</td><td>6,124</td><td>2,282</td><td>2,281</td><td>-</td><td>-</td></tr><tr><td>Greece</td><td>320</td><td>320</td><td>173</td><td>37</td><td>310</td><td>-</td><td>192</td><td>120</td><td>22</td><td>50</td></tr><tr><td>Italy</td><td>25,348</td><td>25,136</td><td>1,533</td><td>9,489</td><td>4,351</td><td>9,457</td><td>591</td><td>576</td><td>15</td><td>-</td></tr><tr><td>Netherlands</td><td>6,948</td><td>6,357</td><td>377</td><td>420</td><td>1,579</td><td>3,681</td><td>108</td><td>108</td><td>-</td><td>-</td></tr><tr><td>Norway</td><td>1,487</td><td>1,379</td><td>3</td><td>68</td><td>423</td><td>889</td><td>42</td><td>42</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>30</td><td>-</td><td>30</td><td>-</td><td>292</td><td>292</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>512</td><td>470</td><td>29</td><td>11</td><td>430</td><td>-</td><td>2</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Romania</td><td>5</td><td>2</td><td>2</td><td>-</td><td>2</td><td>-</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>5,929</td><td>5,677</td><td>1,094</td><td>89</td><td>719</td><td>3,785</td><td>276</td><td>273</td><td>3</td><td>33</td></tr><tr><td>Sweden</td><td>2,404</td><td>2,128</td><td>99</td><td>217</td><td>942</td><td>879</td><td>5,871</td><td>5,832</td><td>6</td><td>-</td></tr><tr><td>Switzerland</td><td>14,241</td><td>8,970</td><td>718</td><td>6,147</td><td>1,538</td><td>453</td><td>27,295</td><td>25,662</td><td>1,490</td><td>144</td></tr><tr><td>U.S.S.R.</td><td>35,309</td><td>8,523</td><td>1,770</td><td>3,701</td><td>2,439</td><td>603</td><td>27,295</td><td>1</td><td>1,490</td><td>144</td></tr><tr><td>United Kingdom</td><td>1,438</td><td>1,481</td><td>930</td><td>-</td><td>251</td><td>-</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Yugoslavia</td><td>6,427</td><td>6,254</td><td>597</td><td>4,591</td><td>675</td><td>392</td><td>173</td><td>166</td><td>7</td><td>-</td></tr><tr><td>Other Europe</td><td>161,495</td><td>128,210</td><td>28,838</td><td>31,397</td><td>21,992</td><td>45,993</td><td>39,825</td><td>35,781</td><td>1,599</td><td>1,945</td></tr><tr><td>Total Europe</td><td>61,277</td><td>30,332</td><td>9,041</td><td>9,727</td><td>4,775</td><td>11,792</td><td>30,942</td><td>26,460</td><td>1,051</td><td>3,831</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>7,061</td><td>7,017</td><td>39</td><td>1,387</td><td>5,791</td><td>-</td><td>44</td><td>42</td><td>-</td><td>2</td></tr><tr><td>Believe</td><td>13,364</td><td>13,316</td><td>10,432</td><td>58</td><td>2,766</td><td>-</td><td>28</td><td>1</td><td>27</td><td>-</td></tr><tr><td>Brazil</td><td>370,651</td><td>370,415</td><td>29,612</td><td>25,619</td><td>276,810</td><td>18,174</td><td>236</td><td>141</td><td>26</td><td>39</td></tr><tr><td>Chile</td><td>19,012</td><td>18,966</td><td>1,626</td><td>2,114</td><td>6,759</td><td>8,459</td><td>47</td><td>47</td><td>42</td><td>42</td></tr><tr><td>Colombia</td><td>37,792</td><td>37,581</td><td>6,788</td><td>4,926</td><td>14,980</td><td>11,027</td><td>211</td><td>195</td><td>6</td><td>69</td></tr><tr><td>Cuba</td><td>37,812</td><td>37,549</td><td>8,507</td><td>8,696</td><td>9,302</td><td>10,594</td><td>263</td><td>259</td><td>4</td><td>-</td></tr><tr><td>Dominican Republic</td><td>2,590</td><td>2,552</td><td>1,690</td><td>1,200</td><td>2,562</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>4,371</td><td>4,371</td><td>1,478</td><td>106</td><td>2,562</td><td>282</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>96,092</td><td>93,819</td><td>35,903</td><td>18,566</td><td>8,418</td><td>30,938</td><td>2,873</td><td>1,012</td><td>171</td><td>1,090</td></tr><tr><td>Netherlands West Indies</td><td>2,098</td><td>1,596</td><td>200</td><td>4</td><td>1,392</td><td>502</td><td>502</td><td>502</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>14,678</td><td>14,588</td><td>2,832</td><td>361</td><td>9,386</td><td>2,609</td><td>94</td><td>47</td><td>47</td><td>-</td></tr><tr><td>Republic of Panama</td><td>4,243</td><td>4,243</td><td>1,856</td><td>1,694</td><td>1,335</td><td>210</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>4,860</td><td>4,860</td><td>11</td><td>504</td><td>2,832</td><td>2,218</td><td>708</td><td>708</td><td>-</td><td>-</td></tr><tr><td>Venezuela</td><td>7,334</td><td>6,546</td><td>3,669</td><td>504</td><td>1,693</td><td>630</td><td>548</td><td>251</td><td>73</td><td>224</td></tr><tr><td>Other Latin America</td><td>35,699</td><td>35,151</td><td>3,699</td><td>8,215</td><td>13,490</td><td>4,787</td><td>46</td><td>49</td><td>73</td><td>73</td></tr><tr><td>Total Latin America</td><td>678,749</td><td>667,699</td><td>105,408</td><td>75,241</td><td>375,457</td><td>111,553</td><td>5,090</td><td>3,249</td><td>437</td><td>1,404</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2,657</td><td>2,651</td><td>2,634</td><td>15</td><td>2</td><td>2</td><td>6</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>6,753</td><td>6,753</td><td>5,684</td><td>1,040</td><td>15</td><td>9</td><td>6</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,011</td><td>1,956</td><td>255</td><td>236</td><td>1,413</td><td>-</td><td>67</td><td>67</td><td>-</td><td>-</td></tr><tr><td>India</td><td>4,011</td><td>3,684</td><td>89</td><td>139</td><td>2,594</td><td>-</td><td>355</td><td>319</td><td>6</td><td>-</td></tr><tr><td>Indonesia</td><td>616</td><td>616</td><td>189</td><td>49</td><td>382</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>10,930</td><td>10,931</td><td>10,841</td><td>1,196</td><td>10,921</td><td>9,710</td><td>9</td><td>1</td><td>9</td><td>-</td></tr><tr><td>Israel</td><td>25,432</td><td>25,411</td><td>3,306</td><td>3,627</td><td>3,464</td><td>9,794</td><td>1</td><td>1</td><td>7</td><td>-</td></tr><tr><td>Japan</td><td>16,994</td><td>16,987</td><td>7,058</td><td>53</td><td>4,816</td><td>19</td><td>49</td><td>34</td><td>15</td><td>-</td></tr><tr><td>Philippines</td><td>9,999</td><td>9,990</td><td>7,062</td><td>23</td><td>2,816</td><td>19</td><td>49</td><td>34</td><td>15</td><td>-</td></tr><tr><td>Thailand</td><td>6,111</td><td>6,111</td><td>4,782</td><td>1</td><td>1,324</td><td>4</td><td>-</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>18,639</td><td>18,635</td><td>18,042</td><td>53</td><td>580</td><td>16</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>21,398</td><td>21,313</td><td>17,834</td><td>923</td><td>2,750</td><td>16</td><td>73</td><td>73</td><td>-</td><td>-</td></tr><tr><td>Total Asia</td><td>125,519</td><td>124,978</td><td>76,804</td><td>7,401</td><td>31,013</td><td>9,760</td><td>941</td><td>511</td><td>30</td><td>-</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>6,972</td><td>5,745</td><td>94</td><td>38</td><td>3,044</td><td>2,609</td><td>1,227</td><td>622</td><td>230</td><td>18</td></tr><tr><td>Belgian Congo</td><td>6,238</td><td>6,538</td><td>-</td><td>30</td><td>5,666</td><td>876</td><td>6</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>283</td><td>275</td><td>57</td><td>2</td><td>141</td><td>75</td><td>8</td><td>7</td><td>1</td><td>1</td></tr><tr><td>Union of South Africa</td><td>2,670</td><td>2,562</td><td>-</td><td>83</td><td>2,356</td><td>173</td><td>108</td><td>103</td><td>5</td><td>5</td></tr><tr><td>Other</td><td>3,102</td><td>2,937</td><td>661</td><td>209</td><td>2,067</td><td>40</td><td>165</td><td>132</td><td>33</td><td>-</td></tr><tr><td>Total other countries</td><td>19,565</td><td>18,031</td><td>772</td><td>302</td><td>13,204</td><td>3,773</td><td>1,514</td><td>870</td><td>269</td><td>375</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>1,040,505</td><td>963,233</td><td>209,863</td><td>128,058</td><td>445,441</td><td>138,871</td><td>77,372</td><td>66,871</td><td>3,346</td><td>7,155</td></tr></table>
August 1955
65
CAPITAL MOVEMENTS
Section III - Details for Month of March 1953
Table 2.- Short-Term Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="4">To foreign banks and official institutions</th><th colspan="4">To all other foreigners</th><th colspan="4">Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificate</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificate</th><th>Other</th><th>Total</th><th>To foreign banks and official institutions</th><th>To other</th></tr><tr><td>Europe:</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>Austria</td><td>108,306</td><td>101,166</td><td>57,138</td><td>3,800</td><td>40,774</td><td>1,140</td><td>1,140</td><td>3,379</td><td>7,172</td><td>471</td><td>464</td><td>7</td></tr><tr><td>Belgium</td><td>130,796</td><td>71,999</td><td>37,018</td><td>2,055</td><td>32,916</td><td>58,836</td><td>47,737</td><td>3,379</td><td>7,172</td><td>13</td><td>130</td><td>150</td></tr><tr><td>Czechoslovakia</td><td>181</td><td>181</td><td>179</td><td>2</td><td>2</td><td>8,728</td><td>7,699</td><td>993</td><td>166</td><td>150</td><td>1,878</td><td>58</td></tr><tr><td>Denmark</td><td>68,315</td><td>53,575</td><td>18,583</td><td>34,700</td><td>351</td><td>1,968</td><td>1,968</td><td>2,055</td><td>25</td><td>13</td><td>98</td><td>18</td></tr><tr><td>Finland</td><td>26,143</td><td>24,025</td><td>20,301</td><td></td><td>3,754</td><td>1,968</td><td>1,968</td><td>2,055</td><td>25</td><td>13</td><td>98</td><td>18</td></tr><tr><td>France</td><td>229,088</td><td>193,946</td><td>176,996</td><td>6,390</td><td>10,564</td><td>63,838</td><td>56,096</td><td>4,513</td><td>2,623</td><td>1,906</td><td>1,878</td><td>28</td></tr><tr><td>Germany</td><td>309,699</td><td>308,836</td><td>292,099</td><td>889,000</td><td>49,781</td><td>5,738</td><td>5,618</td><td>35</td><td>25</td><td>76</td><td>10</td><td>1</td></tr><tr><td>Greece</td><td>57,112</td><td>48,318</td><td>28,100</td><td>20,000</td><td>218</td><td>8,792</td><td>6,629</td><td>2,090</td><td>143</td><td>2</td><td>13</td><td>2</td></tr><tr><td>Italy</td><td>304,935</td><td>273,742</td><td>130,948</td><td>128,116</td><td>20,778</td><td>31,190</td><td>21,089</td><td>9,669</td><td>436</td><td>3</td><td>3</td><td>2</td></tr><tr><td>Netherlands</td><td>230,699</td><td>208,314</td><td>78,235</td><td>129,969</td><td>7,115</td><td>28,131</td><td>19,749</td><td>2,139</td><td>43</td><td>38</td><td>36</td><td>4</td></tr><tr><td>Norway</td><td>115,869</td><td>89,983</td><td>27,742</td><td>56,094</td><td>5,733</td><td>26,336</td><td>23,082</td><td>1,793</td><td>1,317</td><td>1,317</td><td>11</td><td>9</td></tr><tr><td>Poland</td><td>2,358</td><td>1,819</td><td>1,832</td><td></td><td>3</td><td>521</td><td>521</td><td>1,793</td><td>2</td><td>11</td><td>11</td><td>9</td></tr><tr><td>Portugal</td><td>54,898</td><td>36,675</td><td>36,167</td><td>48</td><td>160</td><td>18,206</td><td>18,166</td><td>134</td><td>11</td><td>77</td><td>77</td><td>0</td></tr><tr><td>Romania</td><td>5,760</td><td>4,425</td><td>4,425</td><td></td><td>343</td><td>1,999</td><td>1,830</td><td>105</td><td>4</td><td>35</td><td>35</td><td>0</td></tr><tr><td>Spain</td><td>17,618</td><td>8,942</td><td>8,199</td><td>28,125</td><td>19,476</td><td>6,542</td><td>6,067</td><td>455</td><td>20</td><td>35</td><td>35</td><td>0</td></tr><tr><td>Sweden</td><td>89,194</td><td>82,617</td><td>41,016</td><td>111,430</td><td>116,002</td><td>134,446</td><td>98,127</td><td>5,404</td><td>30,925</td><td>2,869</td><td>2,802</td><td>67</td></tr><tr><td>Switzerland</td><td>638,639</td><td>495,324</td><td>267,892</td><td>111,430</td><td>116,002</td><td>134,446</td><td>98,127</td><td>5,404</td><td>30,925</td><td>2,869</td><td>2,802</td><td>67</td></tr><tr><td>U.S. S. R.</td><td>4,857</td><td>2,942</td><td>2,531</td><td>166,428</td><td>6,315</td><td>274,472</td><td>166,709</td><td>107,152</td><td>612</td><td>31,911</td><td>31,961</td><td>70</td></tr><tr><td>United Kingdom</td><td>751,299</td><td>445,173</td><td>272,630</td><td>166,428</td><td>6,315</td><td>274,472</td><td>166,709</td><td>107,152</td><td>612</td><td>31,911</td><td>31,961</td><td>70</td></tr><tr><td>Yugoslavia</td><td>9,334</td><td>8,634</td><td>7,198</td><td>6,954</td><td>2,161</td><td>11,505</td><td>10,193</td><td>533</td><td>579</td><td>24</td><td>24</td><td>0</td></tr><tr><td>Other Europe</td><td>44,347</td><td>32,618</td><td>23,103</td><td>6,954</td><td>2,161</td><td>11,505</td><td>10,193</td><td>533</td><td>579</td><td>24</td><td>24</td><td>0</td></tr><tr><td>Total Europe</td><td>3,385,930</td><td>2,766,417</td><td>1,466,695</td><td>985,595</td><td>314,163</td><td>681,914</td><td>499,131</td><td>138,330</td><td>44,373</td><td>37,599</td><td>37,334</td><td>205</td></tr><tr><td>Canada</td><td>1,349,104</td><td>1,094,538</td><td>300,122</td><td>777,127</td><td>17,339</td><td>251,997</td><td>164,826</td><td>85,977</td><td>1,198</td><td>2,519</td><td>2,898</td><td>221</td></tr><tr><td>Latin America:</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>Argentina</td><td>146,479</td><td>104,782</td><td>101,901</td><td>459</td><td>2,482</td><td>37,661</td><td>37,397</td><td>120</td><td>144</td><td>36</td><td>6</td><td>30</td></tr><tr><td>Bolivia</td><td>20,095</td><td>8,971</td><td>8,705</td><td></td><td>265</td><td>11,128</td><td>11,090</td><td>13</td><td>21</td><td>24</td><td>24</td><td>0</td></tr><tr><td>Brazil</td><td>79,450</td><td>37,637</td><td>26,711</td><td></td><td>10,336</td><td>38,436</td><td>38,436</td><td>29</td><td>831</td><td>24</td><td>24</td><td>0</td></tr><tr><td>Chile</td><td>86,102</td><td>52,473</td><td>58,073</td><td></td><td>3,400</td><td>10,719</td><td>10,719</td><td>47</td><td>62</td><td>70</td><td>70</td><td>0</td></tr><tr><td>Columbia</td><td>123,879</td><td>89,136</td><td>87,513</td><td></td><td>1,621</td><td>34,743</td><td>34,944</td><td>167</td><td>32</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Cuba</td><td>313,313</td><td>268,960</td><td>107,545</td><td>133,000</td><td>8,415</td><td>58,331</td><td>61,562</td><td>319</td><td>371</td><td>28</td><td>191</td><td>0</td></tr><tr><td>Democratic Republic of</td><td>45,928</td><td>27,982</td><td>27,503</td><td></td><td>355</td><td>10,097</td><td>18,097</td><td>700</td><td>108</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Guatemala</td><td>45,624</td><td>26,377</td><td>12,536</td><td>10,300</td><td>3,261</td><td>19,287</td><td>18,899</td><td>280</td><td>108</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Mexico</td><td>231,884</td><td>133,948</td><td>129,679</td><td></td><td>3,873</td><td>80,117</td><td>73,872</td><td>6,166</td><td>79</td><td>219</td><td>28</td><td>191</td></tr><tr><td>Netherlands Antilles</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>and Surinam</td><td>45,333</td><td>35,367</td><td>18,942</td><td>13,725</td><td>2,700</td><td>9,966</td><td>9,840</td><td>50</td><td>76</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Peru</td><td>67,459</td><td>28,936</td><td>28,772</td><td></td><td>214</td><td>38,469</td><td>35,255</td><td>125</td><td>3,089</td><td>75</td><td>75</td><td>0</td></tr><tr><td>Republic of Panama</td><td>91,339</td><td>40,902</td><td>40,586</td><td></td><td>316</td><td>50,162</td><td>36,321</td><td>8,006</td><td>5,802</td><td>75</td><td>75</td><td>0</td></tr><tr><td>El Salvador</td><td>94,739</td><td>37,936</td><td>17,081</td><td>29,600</td><td>6,232</td><td>21,993</td><td>16,659</td><td>1475</td><td>8,702</td><td>44</td><td>44</td><td>0</td></tr><tr><td>Uruguay</td><td>91,725</td><td>31,798</td><td>25,113</td><td>433</td><td>6,232</td><td>59,931</td><td>51,016</td><td>475</td><td>8,702</td><td>44</td><td>44</td><td>0</td></tr><tr><td>Venezuela</td><td>117,328</td><td>64,935</td><td>64,994</td><td></td><td>339</td><td>28,008</td><td>18,427</td><td>2,360</td><td>615</td><td>385</td><td>385</td><td>0</td></tr><tr><td>Other Latin America</td><td>138,995</td><td>104,445</td><td>80,665</td><td>2,795</td><td>20,980</td><td>33,924</td><td>32,136</td><td>1,517</td><td>61</td><td>197</td><td>197</td><td>0</td></tr><tr><td>Total Latin America</td><td>1,692,439</td><td>1,096,091</td><td>819,913</td><td>230,332</td><td>65,945</td><td>595,424</td><td>534,443</td><td>19,977</td><td>21,004</td><td>980</td><td>640</td><td>340</td></tr><tr><td>Asia:</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>China Mainland</td><td>36,121</td><td>27,368</td><td>26,735</td><td>342</td><td>290</td><td>8,753</td><td>8,252</td><td>502</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Formosa</td><td>34,515</td><td>28,853</td><td>28,853</td><td>10</td><td>0</td><td>5,677</td><td>5,677</td><td>0</td><td>105</td><td>69</td><td>69</td><td>0</td></tr><tr><td>Hong Kong</td><td>71,370</td><td>31,934</td><td>31,307</td><td>200</td><td>347</td><td>39,447</td><td>39,314</td><td>28</td><td>105</td><td>69</td><td>69</td><td>0</td></tr><tr><td>India</td><td>76,308</td><td>72,391</td><td>26,404</td><td>44,410</td><td>1,377</td><td>3,636</td><td>3,636</td><td>0</td><td>231</td><td>231</td><td>0</td><td>0</td></tr><tr><td>Indonesia</td><td>67,315</td><td>65,903</td><td>92,078</td><td>12,535</td><td>1,312</td><td>1,426</td><td>1,426</td><td>0</td><td>1</td><td>1</td><td>1</td><td>0</td></tr><tr><td>Iran</td><td>19,342</td><td>12,462</td><td>12,390</td><td>72</td><td>6,880</td><td>6,880</td><td>6,880</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Israel</td><td>15,413</td><td>13,137</td><td>13,116</td><td>21</td><td>2,378</td><td>1,625</td><td>1,625</td><td>693</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Japan</td><td>97,116</td><td>80,858</td><td>858,068</td><td>21,464</td><td>1,332</td><td>16,258</td><td>16,258</td><td>50</td><td>56</td><td>56</td><td>0</td><td>0</td></tr><tr><td>Philippines</td><td>39,777</td><td>21,948</td><td>28,313</td><td>10,425</td><td>9,416</td><td>20,737</td><td>20,687</td><td>50</td><td>56</td><td>56</td><td>0</td><td>0</td></tr><tr><td>Thailand</td><td>198,999</td><td>159,476</td><td>10,865</td><td>178,058</td><td>533</td><td>3,983</td><td>3,923</td><td>0</td><td>1</td><td>1</td><td>1</td><td>0</td></tr><tr><td>Turkey</td><td>8,820</td><td>4,658</td><td>4,606</td><td>58</td><td>4,160</td><td>4,161</td><td>4,161</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Other Asia</td><td>260,449</td><td>233,283</td><td>200,324</td><td>26,458</td><td>6,307</td><td>34,305</td><td>33,537</td><td>65</td><td>603</td><td>861</td><td>861</td><td>0</td></tr><tr><td>Total Asia</td><td>2,022,571</td><td>1,564,235</td><td>1,394,250</td><td>293,506</td><td>23,479</td><td>147,118</td><td>145,027</td><td>1,338</td><td>783</td><td>1,618</td><td>1,618</td><td>340</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>94,802</td><td>51,743</td><td>18,439</td><td>30,650</td><td>2,698</td><td>2,634</td><td>2,632</td><td>2</td><td>425</td><td>425</td><td>0</td><td>0</td></tr><tr><td>Belgian Congo</td><td>129,876</td><td>124,156</td><td>16,290</td><td>91,225</td><td>16,633</td><td>1,210</td><td>849</td><td>0</td><td>361</td><td>510</td><td>510</td><td>0</td></tr><tr><td>Egypt and Anglo</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>Egyptian Sudan</td><td>53,370</td><td>50,025</td><td>19,250</td><td>30,000</td><td>775</td><td>3,334</td><td>3,318</td><td>5</td><td>6</td><td>1</td><td>1</td><td>0</td></tr><tr><td>Union of South Africa</td><td>33,145</td><td>21,156</td><td>17,219</td><td>13,000</td><td>937</td><td>1,467</td><td>1,457</td><td>5</td><td>25</td><td>37</td><td>37</td><td>0</td></tr><tr><td>Other countries</td><td>91,081</td><td>68,810</td><td>58,869</td><td>970</td><td>9,276</td><td>32,593</td><td>29,085</td><td>550</td><td>2,611</td><td>473</td><td>14</td><td>0</td></tr><tr><td>Total other countries</td><td>359,091</td><td>336,099</td><td>129,471</td><td>166,045</td><td>30,579</td><td>31,318</td><td>28,098</td><td>555</td><td>2,889</td><td>1,448</td><td>1,443</td><td>15</td></tr><tr><td>International</td><td>1,704,613</td><td>1,704,613</td><td>93,169</td><td>1,571,616</td><td>39,812</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Grand total</td><td>10,603,804</td><td>8,856,039</td><td>4,358,580</td><td>4,004,821</td><td>489,238</td><td>1,707,991</td><td>1,392,371</td><td>286,837</td><td>70,183</td><td>43,774</td><td>46,993</td><td>701</td></tr></table>
66
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Details for Month of March 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th></th><th>Total purchases</th><th colspan="3">Domestic securities</th><th>Foreign securities</th><th>Total sales</th><th colspan="3">Domestic securities</th><th>Foreign securities</th></tr><tr><th></th><th></th><th>U.S. Government bonds and notes</th><th>Corporate and other bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th><th>U.S. Government bonds and notes</th><th>Corporate and other bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th></tr><tr><td>Europe:</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>Austria</td><td>23</td><td>-</td><td>-</td><td>23</td><td>-</td><td>-</td><td>14</td><td>-</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Belgium</td><td>5,943</td><td>2,123</td><td>448</td><td>1,296</td><td>1,067</td><td>619</td><td>5,453</td><td>2,196</td><td>262</td><td>1,122</td><td>690</td></tr><tr><td>Czechoslovakia</td><td>4,801</td><td>-</td><td>-</td><td>110</td><td>4,691</td><td>10</td><td>212</td><td>25</td><td>83</td><td>104</td><td>-</td></tr><tr><td>Denmark</td><td>49</td><td>-</td><td>-</td><td>-</td><td>49</td><td>-</td><td>4</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>5,928</td><td>31</td><td>363</td><td>2,280</td><td>1,361</td><td>1,997</td><td>4,788</td><td>237</td><td>116</td><td>1,479</td><td>1,815</td></tr><tr><td>France</td><td>110</td><td>-</td><td>51</td><td>51</td><td>-</td><td>8</td><td>116</td><td>3</td><td>59</td><td>57</td><td>-</td></tr><tr><td>Germany</td><td>86</td><td>-</td><td>26</td><td>86</td><td>-</td><td>16</td><td>32</td><td>12</td><td>107</td><td>259</td><td>69</td></tr><tr><td>Greece</td><td>708</td><td>8</td><td>66</td><td>421</td><td>197</td><td>16</td><td>767</td><td>12</td><td>60</td><td>5,172</td><td>904</td></tr><tr><td>Italy</td><td>3,268</td><td>155</td><td>297</td><td>1,291</td><td>808</td><td>707</td><td>6,841</td><td>126</td><td>141</td><td>392</td><td>66</td></tr><tr><td>Netherlands</td><td>1,156</td><td>118</td><td>20</td><td>291</td><td>718</td><td>9</td><td>610</td><td>11</td><td>1</td><td>51</td><td>69</td></tr><tr><td>Norway</td><td>475</td><td>-</td><td>-</td><td>16</td><td>376</td><td>83</td><td>166</td><td>7</td><td>51</td><td>59</td><td>4</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>1</td><td>38</td><td>18</td><td>13</td><td>1,095</td><td>1,006</td><td>1</td><td>23</td><td>1,042</td></tr><tr><td>Portugal</td><td>70</td><td>-</td><td>1</td><td>38</td><td>18</td><td>13</td><td>288</td><td>5</td><td>52</td><td>89</td><td>40</td></tr><tr><td>Romania</td><td>177</td><td>-</td><td>109</td><td>64</td><td>4</td><td>-</td><td>28,290</td><td>805</td><td>2,080</td><td>16,713</td><td>1,958</td></tr><tr><td>Spain</td><td>27,206</td><td>457</td><td>3,345</td><td>20,108</td><td>1,633</td><td>1,887</td><td>28,290</td><td>805</td><td>2,080</td><td>16,713</td><td>1,958</td></tr><tr><td>Sweden</td><td>44,373</td><td>19,759</td><td>799</td><td>16,978</td><td>5,772</td><td>1,269</td><td>31,046</td><td>11,093</td><td>1,486</td><td>14,932</td><td>2,942</td></tr><tr><td>Switzerland</td><td>945</td><td>203</td><td>206</td><td>460</td><td>17</td><td>59</td><td>1,617</td><td>106</td><td>28</td><td>1,288</td><td>21</td></tr><tr><td>United Kingdom</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>Tuvaluavia</td><td>945</td><td>203</td><td>206</td><td>460</td><td>17</td><td>59</td><td>1,617</td><td>106</td><td>28</td><td>1,288</td><td>21</td></tr><tr><td>Other Europe</td><td>95,658</td><td>22,895</td><td>5,665</td><td>43,813</td><td>16,751</td><td>6,568</td><td>76,217</td><td>15,613</td><td>4,339</td><td>42,330</td><td>9,021</td></tr><tr><td>Canada</td><td>58,024</td><td>1,554</td><td>9,600</td><td>13,171</td><td>5,308</td><td>19,391</td><td>88,438</td><td>1,816</td><td>13,565</td><td>12,730</td><td>30,065</td></tr><tr><td>Latin America:</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>Argentina</td><td>361</td><td>23</td><td>-</td><td>292</td><td>28</td><td>18</td><td>279</td><td>34</td><td>4</td><td>128</td><td>33</td></tr><tr><td>Bolivia</td><td>29</td><td>-</td><td>-</td><td>29</td><td>-</td><td>2</td><td>46</td><td>-</td><td>19</td><td>6</td><td>26</td></tr><tr><td>Brazil</td><td>1,112</td><td>-</td><td>15</td><td>581</td><td>518</td><td>2</td><td>1,292</td><td>-</td><td>7</td><td>458</td><td>87</td></tr><tr><td>Chile</td><td>484</td><td>-</td><td>12</td><td>97</td><td>290</td><td>25</td><td>283</td><td>-</td><td>114</td><td>38</td><td>71</td></tr><tr><td>Colombia</td><td>233</td><td>-</td><td>2</td><td>106</td><td>45</td><td>-</td><td>259</td><td>-</td><td>259</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>2,242</td><td>40</td><td>67</td><td>1,945</td><td>415</td><td>175</td><td>2,283</td><td>11</td><td>52</td><td>1,803</td><td>245</td></tr><tr><td>Dominican Republic</td><td>436</td><td>-</td><td>1</td><td>107</td><td>86</td><td>2</td><td>1,173</td><td>1,001</td><td>41</td><td>125</td><td>62</td></tr><tr><td>Guatemala</td><td>50</td><td>-</td><td>12</td><td>18</td><td>20</td><td>12</td><td>41</td><td>-</td><td>41</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>1,671</td><td>30</td><td>253</td><td>778</td><td>418</td><td>132</td><td>1,243</td><td>4</td><td>248</td><td>1,094</td><td>79</td></tr><tr><td>Netherlands Antilles</td><td>309</td><td>-</td><td>-</td><td>77</td><td>232</td><td>62</td><td>311</td><td>-</td><td>46</td><td>265</td><td>18</td></tr><tr><td>Surinam</td><td>466</td><td>4</td><td>400</td><td>132</td><td>77</td><td>144</td><td>144</td><td>-</td><td>117</td><td>9</td><td>408</td></tr><tr><td>Peru</td><td>1,044</td><td>101</td><td>70</td><td>1,159</td><td>8</td><td>132</td><td>1,178</td><td>25</td><td>32</td><td>703</td><td>10</td></tr><tr><td>Republic of Panama</td><td>28</td><td>-</td><td>-</td><td>20</td><td>-</td><td>7</td><td>25</td><td>-</td><td>25</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>3,466</td><td>877</td><td>440</td><td>1,557</td><td>514</td><td>274</td><td>3,084</td><td>20</td><td>69</td><td>2,334</td><td>225</td></tr><tr><td>Uruguay</td><td>1,640</td><td>48</td><td>122</td><td>1,357</td><td>23</td><td>93</td><td>999</td><td>1</td><td>31</td><td>907</td><td>21</td></tr><tr><td>Other Latin America</td><td>1,096</td><td>-</td><td>-</td><td>312</td><td>633</td><td>29</td><td>326</td><td>-</td><td>31</td><td>285</td><td>97</td></tr><tr><td>Total Latin America</td><td>15,206</td><td>1,159</td><td>1,030</td><td>8,796</td><td>3,074</td><td>1,121</td><td>13,110</td><td>1,096</td><td>486</td><td>8,574</td><td>888</td></tr><tr><td>Asia:</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>China Mainland</td><td>69</td><td>-</td><td>59</td><td>10</td><td>-</td><td>-</td><td>17</td><td>-</td><td>17</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>1,758</td><td>51</td><td>21</td><td>1,684</td><td>297</td><td>183</td><td>1,967</td><td>52</td><td>1,783</td><td>132</td><td>-</td></tr><tr><td>Hong Kong</td><td>10</td><td>-</td><td>2</td><td>9</td><td>1</td><td>3</td><td>12</td><td>-</td><td>8</td><td>113</td><td>8</td></tr><tr><td>India</td><td>44</td><td>-</td><td>2</td><td>2</td><td>30</td><td>3</td><td>3</td><td>-</td><td>2</td><td>1</td><td>2</td></tr><tr><td>Indonesia</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td><td>2</td></tr><tr><td>Iran</td><td>5</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>2,746</td><td>-</td><td>33</td><td>2,711</td><td>2</td></tr><tr><td>Israel</td><td>538</td><td>-</td><td>25</td><td>526</td><td>9</td><td>9</td><td>83</td><td>-</td><td>16</td><td>20</td><td>7</td></tr><tr><td>Japan</td><td>181</td><td>-</td><td>99</td><td>82</td><td>-</td><td>-</td><td>128</td><td>-</td><td>109</td><td>-</td><td>19</td></tr><tr><td>Philippines</td><td>135</td><td>-</td><td>44</td><td>91</td><td>-</td><td>-</td><td>50</td><td>-</td><td>31</td><td>-</td><td>9</td></tr><tr><td>Other Asia</td><td>30</td><td>44</td><td>11</td><td>295</td><td>19</td><td>17</td><td>38</td><td>27</td><td>21</td><td>17</td><td>65</td></tr><tr><td>Turkey</td><td>478</td><td>95</td><td>25</td><td>1,759</td><td>1,062</td><td>369</td><td>5,296</td><td>79</td><td>2,358</td><td>2,865</td><td>231</td></tr><tr><td>Total Asia</td><td>3,310</td><td>95</td><td>25</td><td>1,759</td><td>1,062</td><td>369</td><td>5,296</td><td>79</td><td>2,358</td><td>2,865</td><td>231</td></tr><tr><td>Other countries:</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>Australia</td><td>404</td><td>36</td><td>63</td><td>325</td><td>14</td><td>2</td><td>10</td><td>2</td><td>10</td><td>2</td><td>-</td></tr><tr><td>Belgian Congo</td><td>14</td><td>-</td><td>4</td><td>10</td><td>-</td><td>-</td><td>2</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>149</td><td>100</td><td>85</td><td>1,377</td><td>25</td><td>69</td><td>1,109</td><td>2</td><td>81</td><td>584</td><td>49</td></tr><tr><td>Union of South Africa</td><td>1,359</td><td>-</td><td>100</td><td>1,377</td><td>25</td><td>69</td><td>1,109</td><td>2</td><td>81</td><td>584</td><td>49</td></tr><tr><td>Other</td><td>1,946</td><td>136</td><td>33</td><td>1,860</td><td>448</td><td>69</td><td>1,420</td><td>4</td><td>85</td><td>1,125</td><td>51</td></tr><tr><td>Total other countries</td><td>1,156</td><td>514</td><td>88</td><td>550</td><td>8</td><td>293</td><td>1,177</td><td>105</td><td>165</td><td>1,125</td><td>51</td></tr><tr><td>International</td><td>1,946</td><td>136</td><td>33</td><td>1,860</td><td>448</td><td>69</td><td>1,420</td><td>4</td><td>85</td><td>1,125</td><td>51</td></tr><tr><td>Grand total</td><td>169,300</td><td>26,309</td><td>16,437</td><td>69,355</td><td>29,651</td><td>27,548</td><td>185,004</td><td>18,628</td><td>18,476</td><td>67,274</td><td>42,992</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>37,634</td></tr></table>
August 1955
67
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of May 1953
Table 1.- Short-Term Claims on Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term claims</th><th colspan="3">Short-term claims payable in dollars</th><th colspan="3">Short-term claims payable in foreign currencies</th></tr><tr><th></th><th>Total</th><th>Loans to: Foreign banks and official institutions</th><th>Others</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of reporting banks and domestic customers with foreigners</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>12,365</td><td>130</td><td>113</td><td>17</td><td>1,986</td><td>6,589</td><td>1</td><td>1</td><td>112</td></tr><tr><td>Belgium</td><td>1,958</td><td>11,712</td><td>960</td><td>217</td><td>3,986</td><td>1,117</td><td>653</td><td>372</td><td>169</td></tr><tr><td>Czechoslovakia</td><td>2,938</td><td>2,931</td><td>64</td><td>110</td><td>115</td><td>8,642</td><td>9</td><td>71</td><td>39</td></tr><tr><td>Denmark</td><td>9,478</td><td>7,809</td><td>1,982</td><td>2,416</td><td>1,767</td><td>1,040</td><td>2,867</td><td>776</td><td>1,489</td></tr><tr><td>Finland</td><td>30,968</td><td>28,692</td><td>13,962</td><td>4,096</td><td>3,632</td><td>7,002</td><td>2,316</td><td>2,316</td><td>2</td></tr><tr><td>France</td><td>179</td><td>179</td><td>64</td><td>35</td><td>71</td><td>71</td><td>9</td><td>9</td><td>11</td></tr><tr><td>Germany</td><td>25,338</td><td>25,859</td><td>2,423</td><td>10,960</td><td>2,916</td><td>8,970</td><td>269</td><td>176</td><td>82</td></tr><tr><td>Greece</td><td>9,066</td><td>8,349</td><td>512</td><td>4,302</td><td>1,337</td><td>2,198</td><td>717</td><td>684</td><td>33</td></tr><tr><td>Italy</td><td>1,289</td><td>1,136</td><td>26</td><td>81</td><td>431</td><td>596</td><td>153</td><td>153</td><td>-</td></tr><tr><td>Norway</td><td>31</td><td>31</td><td>-</td><td>-</td><td>31</td><td>-</td><td>54</td><td>54</td><td>-</td></tr><tr><td>Poland</td><td>925</td><td>471</td><td>17</td><td>17</td><td>437</td><td>-</td><td>54</td><td>54</td><td>-</td></tr><tr><td>Portugal</td><td>5</td><td>5</td><td>-</td><td>-</td><td>2</td><td>2</td><td>3</td><td>3</td><td>-</td></tr><tr><td>Romania</td><td>6,703</td><td>6,964</td><td>1,163</td><td>147</td><td>784</td><td>4,530</td><td>139</td><td>139</td><td>-</td></tr><tr><td>Spain</td><td>2,893</td><td>2,688</td><td>263</td><td>291</td><td>1,342</td><td>860</td><td>205</td><td>200</td><td>5</td></tr><tr><td>Sweden</td><td>12,794</td><td>8,245</td><td>861</td><td>4,908</td><td>1,896</td><td>580</td><td>4,549</td><td>4,508</td><td>1</td></tr><tr><td>Switzerland</td><td>27,267</td><td>6,357</td><td>799</td><td>2,189</td><td>2,889</td><td>540</td><td>20,910</td><td>19,175</td><td>1,503</td></tr><tr><td>U.S.S.R.</td><td>4,494</td><td>4,492</td><td>4,440</td><td>10</td><td>2</td><td>2</td><td>2</td><td>2</td><td>232</td></tr><tr><td>United Kingdom</td><td>7,278</td><td>7,953</td><td>974</td><td>5,094</td><td>661</td><td>364</td><td>185</td><td>178</td><td>7</td></tr><tr><td>Yugoslavia</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other Europe</td><td>155,443</td><td>122,916</td><td>28,628</td><td>34,753</td><td>28,501</td><td>37,030</td><td>38,287</td><td>28,807</td><td>1,765</td></tr><tr><td>Total Europe</td><td>157,395</td><td>25,064</td><td>470</td><td>9,753</td><td>5,478</td><td>9,563</td><td>32,332</td><td>28,259</td><td>1,150</td></tr><tr><td>Canada</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2,993</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>10,232</td><td>8,045</td><td>896</td><td>1,361</td><td>5,285</td><td>2,187</td><td>45</td><td>45</td><td>9</td></tr><tr><td>Bolivia</td><td>15,371</td><td>15,368</td><td>12,967</td><td>20</td><td>8,781</td><td>3</td><td>3</td><td>188</td><td>1,130</td></tr><tr><td>Brazil</td><td>368,460</td><td>368,381</td><td>28,381</td><td>26,217</td><td>270,179</td><td>43,797</td><td>1,593</td><td>1,797</td><td>16</td></tr><tr><td>Chile</td><td>8,958</td><td>8,981</td><td>919</td><td>1,594</td><td>4,711</td><td>1,797</td><td>17</td><td>17</td><td>1</td></tr><tr><td>Colombia</td><td>39,043</td><td>39,648</td><td>8,090</td><td>3,072</td><td>17,434</td><td>11,002</td><td>165</td><td>127</td><td>8</td></tr><tr><td>Cuba</td><td>27,128</td><td>26,871</td><td>5,861</td><td>7,215</td><td>8,603</td><td>5,192</td><td>287</td><td>271</td><td>16</td></tr><tr><td>Dominican Republic</td><td>2,745</td><td>2,745</td><td>2,745</td><td>2,745</td><td>1,709</td><td>1,709</td><td>1</td><td>1</td><td>8</td></tr><tr><td>Guatemala</td><td>3,123</td><td>3,120</td><td>444</td><td>101</td><td>2,400</td><td>165</td><td>13</td><td>5</td><td>1</td></tr><tr><td>Mexico</td><td>83,049</td><td>80,777</td><td>19,094</td><td>15,150</td><td>8,760</td><td>37,573</td><td>2,472</td><td>1,391</td><td>194</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,491</td><td>2,105</td><td>26</td><td>510</td><td>1,570</td><td>3,602</td><td>385</td><td>385</td><td>1,087</td></tr><tr><td>Peru</td><td>43,741</td><td>43,595</td><td>693</td><td>407</td><td>9,093</td><td>873</td><td>146</td><td>25</td><td>121</td></tr><tr><td>Republic of Panama</td><td>4,874</td><td>4,871</td><td>16</td><td>2,830</td><td>1,152</td><td>1,945</td><td>3</td><td>3</td><td>3</td></tr><tr><td>El Salvador</td><td>3,393</td><td>3,393</td><td>195</td><td>1,875</td><td>1,218</td><td>1,218</td><td>197</td><td>197</td><td>1</td></tr><tr><td>Uruguay</td><td>4,621</td><td>4,490</td><td>1,649</td><td>980</td><td>1,218</td><td>331</td><td>331</td><td>131</td><td>13</td></tr><tr><td>Venezuela</td><td>35,104</td><td>34,218</td><td>1,911</td><td>1,807</td><td>80,212</td><td>4,268</td><td>886</td><td>279</td><td>13</td></tr><tr><td>Other Latin America</td><td>33,972</td><td>33,871</td><td>303</td><td>698</td><td>32,264</td><td>446</td><td>101</td><td>72</td><td>99</td></tr><tr><td>Total Latin America</td><td>633,108</td><td>604,713</td><td>74,873</td><td>70,319</td><td>370,202</td><td>109,319</td><td>8,395</td><td>2,750</td><td>3,906</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,739</td></tr><tr><td>China Mainland</td><td>2,789</td><td>2,762</td><td>2,928</td><td>-</td><td>232</td><td>2</td><td>23</td><td>23</td><td>-</td></tr><tr><td>Formosa</td><td>5,572</td><td>5,572</td><td>5,587</td><td>40</td><td>4</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,076</td><td>1,993</td><td>85</td><td>314</td><td>1,594</td><td>83</td><td>83</td><td>83</td><td>-</td></tr><tr><td>India</td><td>3,433</td><td>2,733</td><td>947</td><td>-</td><td>2,112</td><td>71</td><td>402</td><td>398</td><td>6</td></tr><tr><td>Indonesia</td><td>770</td><td>770</td><td>-</td><td>-</td><td>770</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>12,639</td><td>12,616</td><td>419</td><td>-</td><td>12,177</td><td>1</td><td>3</td><td>3</td><td>1</td></tr><tr><td>Iraq</td><td>20,473</td><td>20,472</td><td>5,177</td><td>1,289</td><td>3,076</td><td>10,630</td><td>3</td><td>1</td><td>1</td></tr><tr><td>Japan</td><td>44,229</td><td>43,919</td><td>5,560</td><td>3,412</td><td>4,750</td><td>217</td><td>2</td><td>303</td><td>1</td></tr><tr><td>Philippines</td><td>43,682</td><td>43,369</td><td>9,642</td><td>413</td><td>3,512</td><td>2</td><td>56</td><td>26</td><td>30</td></tr><tr><td>Thailand</td><td>4,138</td><td>3,405</td><td>1,008</td><td>6</td><td>1,591</td><td>933</td><td>933</td><td>980</td><td>5</td></tr><tr><td>Turkey</td><td>10,516</td><td>10,312</td><td>9,725</td><td>51</td><td>745</td><td>5</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Other Asia</td><td>20,189</td><td>20,182</td><td>26,468</td><td>782</td><td>2,977</td><td>5</td><td>37</td><td>37</td><td>1</td></tr><tr><td>Total Asia</td><td>110,330</td><td>108,471</td><td>57,497</td><td>6,597</td><td>33,406</td><td>10,931</td><td>1,849</td><td>1,804</td><td>45</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>7,212</td><td>6,307</td><td>288</td><td>51</td><td>3,370</td><td>2,598</td><td>905</td><td>676</td><td>231</td></tr><tr><td>Belgian Congo</td><td>6,598</td><td>6,598</td><td>2</td><td>4</td><td>5,646</td><td>1,043</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>978</td><td>949</td><td>142</td><td>609</td><td>170</td><td>88</td><td>25</td><td>22</td><td>1</td></tr><tr><td>Union of South Africa</td><td>2,804</td><td>2,460</td><td>169</td><td>48</td><td>2,297</td><td>115</td><td>348</td><td>336</td><td>8</td></tr><tr><td>Other</td><td>3,363</td><td>3,230</td><td>769</td><td>180</td><td>2,123</td><td>128</td><td>133</td><td>78</td><td>54</td></tr><tr><td>Total other countries</td><td>21,051</td><td>19,614</td><td>1,204</td><td>892</td><td>13,636</td><td>3,912</td><td>1,407</td><td>1,110</td><td>294</td></tr><tr><td>International</td><td>43,152</td><td>43,571</td><td>373</td><td>698</td><td>12,264</td><td>446</td><td>101</td><td>72</td><td>99</td></tr><tr><td>Grant total</td><td>977,318</td><td>900,808</td><td>166,666</td><td>122,074</td><td>445,313</td><td>170,755</td><td>75,510</td><td>62,739</td><td>7,160</td></tr></table>
68
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of May 1953
Table 2.- Short-Term Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="3">To foreign banks and official institutions</th><th colspan="3">To all other foreigners</th><th colspan="3">Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>To foreign banks and official institutions</th><th>To others</th></tr><tr><td>Europe:</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>Austria</td><td>115,093</td><td>133,590</td><td>65,487</td><td>3,200</td><td>44,863</td><td>1,543</td><td>1,543</td><td>2,899</td><td>7,332</td><td>382</td><td>372</td><td>7</td></tr><tr><td>Belgium</td><td>128,974</td><td>70,094</td><td>38,884</td><td>2,780</td><td>28,390</td><td>58,538</td><td>48,407</td><td>2,899</td><td>7,332</td><td>31</td><td>31</td><td>-</td></tr><tr><td>Czechoslovakia</td><td>645</td><td>209</td><td>208</td><td></td><td>1</td><td>436</td><td>436</td><td>197</td><td></td><td>31</td><td>31</td><td>-</td></tr><tr><td>Denmark</td><td>69,405</td><td>61,836</td><td>13,561</td><td>48,100</td><td>139</td><td>7,358</td><td>6,473</td><td>898</td><td></td><td>2,286</td><td>2,270</td><td>16</td></tr><tr><td>Finland</td><td>29,716</td><td>27,070</td><td>22,977</td><td></td><td>1,039</td><td>2,046</td><td>2,046</td><td></td><td>2,280</td><td>2,270</td><td>25</td><td>-</td></tr><tr><td>France</td><td>255,007</td><td>189,003</td><td>171,639</td><td>6,775</td><td>10,589</td><td>63,718</td><td>56,902</td><td>4,217</td><td>2,599</td><td>120</td><td>95</td><td>2</td></tr><tr><td>Germany</td><td>645,593</td><td>642,551</td><td>266,228</td><td>335,000</td><td>45,423</td><td>2,922</td><td>2,873</td><td>35</td><td>11</td><td>87</td><td>84</td><td>3</td></tr><tr><td>Greece</td><td>56,319</td><td>57,636</td><td>27,498</td><td>30,038</td><td>8,835</td><td>8,635</td><td>8,635</td><td>2,100</td><td>100</td><td>96</td><td>94</td><td>2</td></tr><tr><td>Italy</td><td>312,512</td><td>280,252</td><td>116,330</td><td>133,066</td><td>20,896</td><td>32,273</td><td>22,161</td><td>9,481</td><td>631</td><td>87</td><td>84</td><td>3</td></tr><tr><td>Netherlands</td><td>244,003</td><td>215,686</td><td>67,440</td><td>141,139</td><td>1,107</td><td>28,301</td><td>25,991</td><td>2,098</td><td>222</td><td>96</td><td>94</td><td>2</td></tr><tr><td>Poland</td><td>119,130</td><td>92,631</td><td>29,708</td><td>56,954</td><td>6,389</td><td>26,948</td><td>22,996</td><td>1,783</td><td>1,819</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Portugal</td><td>57,723</td><td>37,566</td><td>37,216</td><td>48</td><td>302</td><td>20,125</td><td>19,986</td><td></td><td>271</td><td>2</td><td>2</td><td>9</td></tr><tr><td>Sweden</td><td>27,723</td><td>4,405</td><td>4,405</td><td></td><td>455</td><td>1,207</td><td>1,207</td><td>117</td><td>14</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Switzerland</td><td>88,444</td><td>81,125</td><td>15,864</td><td>22,250</td><td>19,301</td><td>6,869</td><td>6,357</td><td>492</td><td></td><td>180</td><td>180</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>626,336</td><td>498,734</td><td>299,360</td><td>116,339</td><td>116,935</td><td>130,000</td><td>96,320</td><td>5,078</td><td>28,622</td><td>3,630</td><td>3,568</td><td>62</td></tr><tr><td>United Kingdom</td><td>1,318</td><td>828</td><td>611</td><td>293,000</td><td>17,207</td><td>260</td><td>519</td><td>99,011</td><td>56,684</td><td>29,868</td><td>29,868</td><td>36</td></tr><tr><td>Yugoslavia</td><td>90,041</td><td>605,994</td><td>305,167</td><td>7,395</td><td>1,185</td><td>663</td><td>663</td><td></td><td>777</td><td>28</td><td>28</td><td>36</td></tr><tr><td>Other Europe</td><td>45,827</td><td>34,365</td><td>26,148</td><td></td><td>1,082</td><td>11,234</td><td>9,907</td><td>650</td><td></td><td>28</td><td>28</td><td>36</td></tr><tr><td>Total Europe</td><td>1,758,103</td><td>1,038,701</td><td>1,512,641</td><td>1,005,666</td><td>314,474</td><td>576,588</td><td>506,663</td><td>128,862</td><td>13,057</td><td>16,740</td><td>36,578</td><td>162</td></tr><tr><td>Canada</td><td>1,331,373</td><td>979,866</td><td>290,502</td><td>675,374</td><td>13,990</td><td>241,312</td><td>176,993</td><td>66,829</td><td>1,490</td><td>10,395</td><td>8,620</td><td>1,779</td></tr><tr><td>Latin America:</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>Argentina</td><td>153,259</td><td>113,317</td><td>109,621</td><td>239</td><td>3,457</td><td>39,902</td><td>39,777</td><td>120</td><td>5</td><td>40</td><td>7</td><td>33</td></tr><tr><td>Bolivia</td><td>27,373</td><td>16,732</td><td>16,729</td><td></td><td>3</td><td>10,641</td><td>10,594</td><td>13</td><td>34</td><td>16</td><td>14</td><td>5</td></tr><tr><td>Brazil</td><td>117,122</td><td>50,117</td><td>72,829</td><td></td><td>7,862</td><td>37,188</td><td>37,188</td><td>35</td><td>330</td><td>15</td><td>11</td><td>5</td></tr><tr><td>Chile</td><td>93,342</td><td>51,637</td><td>61,463</td><td></td><td>174</td><td>31,504</td><td>31,386</td><td>107</td><td>11</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Columbia</td><td>122,055</td><td>99,264</td><td>97,762</td><td>192,500</td><td>1,508</td><td>32,787</td><td>32,547</td><td>231</td><td>9</td><td>359</td><td>359</td><td>359</td></tr><tr><td>Dominican Republic</td><td>372,408</td><td>305,806</td><td>109,520</td><td></td><td>3,404</td><td>66,037</td><td>65,399</td><td>269</td><td>369</td><td>359</td><td>-</td><td>359</td></tr><tr><td>Guatemala</td><td>45,004</td><td>29,966</td><td>29,530</td><td>13,600</td><td>3,047</td><td>19,443</td><td>19,180</td><td>47</td><td>3,579</td><td>11</td><td>-</td><td>1</td></tr><tr><td>Haiti</td><td>47,828</td><td>27,743</td><td>11,096</td><td></td><td>1,369</td><td>80,829</td><td>72,023</td><td>5,769</td><td>77</td><td>231</td><td>37</td><td>194</td></tr><tr><td>Honduras</td><td>181,578</td><td>100,318</td><td>99,149</td><td></td><td>3,305</td><td>8,032</td><td>7,907</td><td>50</td><td>75</td><td>1</td><td>1</td><td>47</td></tr><tr><td>Suriname</td><td>42,316</td><td>34,284</td><td>17,064</td><td>13,915</td><td>172</td><td>39,766</td><td>35,892</td><td>284</td><td>4,250</td><td>41</td><td>1</td><td>47</td></tr><tr><td>Peru</td><td>69,493</td><td>28,726</td><td>28,554</td><td>100</td><td>27</td><td>53,915</td><td>37,305</td><td>10,496</td><td>6,124</td><td>47</td><td>1</td><td>47</td></tr><tr><td>Republic of Panama</td><td>95,284</td><td>41,362</td><td>41,135</td><td>27,922</td><td>58</td><td>14,831</td><td>14,831</td><td></td><td>415</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Uruguay</td><td>97,201</td><td>33,980</td><td>29,686</td><td>400</td><td>3,194</td><td>53,870</td><td>45,389</td><td>205</td><td>8,276</td><td>51</td><td>7</td><td>44</td></tr><tr><td>Venezuela</td><td>186,324</td><td>129,669</td><td>120,040</td><td>4,361</td><td>29</td><td>56,061</td><td>52,571</td><td>3,010</td><td>480</td><td>594</td><td>594</td><td>-</td></tr><tr><td>Other Latin America</td><td>139,132</td><td>104,218</td><td>80,573</td><td>258,917</td><td>19,288</td><td>34,191</td><td>32,890</td><td>1,520</td><td>81</td><td>1,403</td><td>1,403</td><td>696</td></tr><tr><td>Total Latin America</td><td>1,823,866</td><td>1,284,156</td><td>984,283</td><td>258,917</td><td>45,998</td><td>597,960</td><td>551,475</td><td>22,829</td><td>24,190</td><td>1,750</td><td>1,064</td><td>696</td></tr><tr><td>Asia:</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>China Mainland</td><td>37,480</td><td>28,720</td><td>28,278</td><td>342</td><td>270</td><td>8,690</td><td>8,188</td><td>502</td><td></td><td>1,750</td><td>1,064</td><td>696</td></tr><tr><td>Formosa</td><td>34,635</td><td>29,609</td><td>28,993</td><td>610</td><td>2</td><td>5,030</td><td>5,030</td><td></td><td></td><td>1,750</td><td>1,064</td><td>696</td></tr><tr><td>Hong Kong</td><td>75,342</td><td>35,736</td><td>35,213</td><td>200</td><td>379</td><td>39,478</td><td>39,339</td><td>28</td><td>111</td><td>72</td><td>72</td><td>-</td></tr><tr><td>India</td><td>88,310</td><td>28,785</td><td>28,785</td><td>57,620</td><td>1,438</td><td>3,207</td><td>3,207</td><td></td><td>167</td><td>167</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>98,994</td><td>57,332</td><td>46,868</td><td>9,955</td><td>709</td><td>1,398</td><td>1,398</td><td></td><td></td><td>167</td><td>167</td><td>-</td></tr><tr><td>Iran</td><td>17,132</td><td>10,118</td><td>10,334</td><td></td><td>84</td><td>6,724</td><td>6,724</td><td></td><td></td><td>167</td><td>167</td><td>-</td></tr><tr><td>Israel</td><td>16,432</td><td>14,343</td><td>14,331</td><td>30,894</td><td>14</td><td>1,487</td><td>1,487</td><td></td><td>18</td><td>38</td><td>38</td><td>-</td></tr><tr><td>Jordan</td><td>867,832</td><td>867,832</td><td>839,106</td><td>10,000</td><td>1,719</td><td>15,276</td><td>15,276</td><td>70</td><td></td><td>38</td><td>38</td><td>-</td></tr><tr><td>Philippines</td><td>385,063</td><td>305,772</td><td>281,249</td><td>14,522</td><td>20,224</td><td>20,128</td><td>20,128</td><td></td><td></td><td>38</td><td>38</td><td>-</td></tr><tr><td>Thailand</td><td>196,062</td><td>109,465</td><td>9,300</td><td>179,778</td><td>393</td><td>2,617</td><td>2,617</td><td></td><td></td><td>401</td><td>401</td><td>-</td></tr><tr><td>Turkey</td><td>1,327</td><td>1,327</td><td>1,327</td><td>26,946</td><td>4,148</td><td>3,616</td><td>3,616</td><td>99</td><td>663</td><td>401</td><td>401</td><td>-</td></tr><tr><td>Other Asia</td><td>221,968</td><td>187,692</td><td>126,958</td><td></td><td>7,189</td><td>11,870</td><td>11,117</td><td></td><td>792</td><td>678</td><td>678</td><td>-</td></tr><tr><td>Total Asia</td><td>1,968,946</td><td>1,820,230</td><td>1,480,543</td><td>315,939</td><td>23,768</td><td>141,635</td><td>140,117</td><td>699</td><td>792</td><td>678</td><td>678</td><td>-</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>66,393</td><td>63,323</td><td>23,563</td><td>39,150</td><td>2,010</td><td>2,554</td><td>2,554</td><td></td><td>67</td><td>316</td><td>280</td><td>36</td></tr><tr><td>Belgian Congo</td><td>130,321</td><td>129,321</td><td>17,134</td><td>93,829</td><td>18,332</td><td>1,093</td><td>1,093</td><td></td><td>67</td><td>307</td><td>297</td><td>36</td></tr><tr><td>Egypt and Angola</td><td>54,322</td><td>51,160</td><td>20,555</td><td>30,000</td><td>605</td><td>1,161</td><td>1,161</td><td></td><td>1</td><td>70</td><td>38</td><td>32</td></tr><tr><td>Netherlands Guiana</td><td>33,326</td><td>29,237</td><td>12,954</td><td>16,800</td><td>83</td><td>4,012</td><td>4,012</td><td>6</td><td>1</td><td>70</td><td>38</td><td>32</td></tr><tr><td>Union of South Africa</td><td>93,866</td><td>69,428</td><td>57,655</td><td>1,750</td><td>10,023</td><td>23,746</td><td>20,793</td><td>20</td><td>2,903</td><td>696</td><td>677</td><td>15</td></tr><tr><td>Other other countries</td><td>378,428</td><td>342,629</td><td>130,111</td><td>180,325</td><td>31,833</td><td>34,573</td><td>31,546</td><td>56</td><td>2,971</td><td>1,586</td><td>1,503</td><td>83</td></tr><tr><td>Total other countries</td><td>1,783,467</td><td>1,703,467</td><td>95,444</td><td>1,644,032</td><td>43,991</td><td>1,694,065</td><td>1,646,928</td><td>214,741</td><td>75,900</td><td>51,149</td><td>43,443</td><td>2,706</td></tr><tr><td>International</td><td>10,967,983</td><td>9,182,769</td><td>4,333,484</td><td>4,274,251</td><td>475,034</td><td>1,694,065</td><td>1,646,928</td><td>214,741</td><td>75,900</td><td>51,149</td><td>43,443</td><td>2,706</td></tr><tr><td>Grand total</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
August 1955
69
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of May 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th rowspan="2">Country</th><th rowspan="2">Total purchases</th><th colspan="4">Purchases by foreigners</th><th colspan="4">Sales by foreigners</th></tr><tr><th>U.S. Government bonds and notes</th><th>Domestic securities</th><th>Foreign securities</th><th>Total sales</th><th>U.S. Government bonds and notes</th><th>Domestic securities</th><th>Foreign securities</th></tr><tr><th></th><th></th><th>Corporate and other</th><th>Bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th><th>Corporate and other</th><th>Bonds</th><th>Stocks</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>3,090</td><td>678</td><td>539</td><td>739</td><td>813</td><td>285</td><td>3,706</td><td>989</td><td>61</td><td>1,418</td><td>1,290</td><td>48</td></tr><tr><td>Belgium</td><td>553</td><td>3</td><td>9</td><td>199</td><td>306</td><td>39</td><td>117</td><td>153</td><td>393</td><td>1,943</td><td>478</td><td>612</td></tr><tr><td>Czechoslovakia</td><td>2</td><td></td><td></td><td></td><td>2</td><td></td><td>2</td><td></td><td></td><td>2</td><td></td><td></td></tr><tr><td>Denmark</td><td>4,398</td><td>605</td><td>590</td><td>1,704</td><td>782</td><td>711</td><td>3,580</td><td>153</td><td>393</td><td>1,943</td><td>478</td><td>612</td></tr><tr><td>Finland</td><td>92</td><td>5</td><td>10</td><td>55</td><td>18</td><td>4</td><td>8</td><td>6</td><td>1</td><td>3</td><td>2</td><td>1</td></tr><tr><td>France</td><td>31</td><td>132</td><td>56</td><td>368</td><td>26</td><td>13</td><td>1,775</td><td>1,161</td><td>1,317</td><td>3,627</td><td>1,309</td><td>871</td></tr><tr><td>Germany</td><td>5,379</td><td>727</td><td>595</td><td>1,559</td><td>1,723</td><td>143</td><td>6,996</td><td>153</td><td>65</td><td>3,658</td><td>1,309</td><td>871</td></tr><tr><td>Greece</td><td>846</td><td>285</td><td>31</td><td>439</td><td>78</td><td>13</td><td>412</td><td>154</td><td>2</td><td>144</td><td>81</td><td>29</td></tr><tr><td>Italy</td><td>190</td><td></td><td>39</td><td>59</td><td>170</td><td>122</td><td>247</td><td>6</td><td>22</td><td>130</td><td>89</td><td>2</td></tr><tr><td>Netherlands</td><td>60</td><td>2</td><td>27</td><td>17</td><td>14</td><td>101</td><td>6</td><td>9</td><td>72</td><td>2</td><td>9</td><td>2</td></tr><tr><td>Norway</td><td>738</td><td>6</td><td>182</td><td>485</td><td>58</td><td>4</td><td>91</td><td>25</td><td>35</td><td>1,027</td><td>1,237</td><td>961</td></tr><tr><td>Portugal</td><td>28,394</td><td>960</td><td>3,096</td><td>13,682</td><td>3,117</td><td>1,539</td><td>18,824</td><td>861</td><td>853</td><td>14,027</td><td>1,237</td><td>961</td></tr><tr><td>Romania</td><td>25,395</td><td>12,325</td><td>915</td><td>6,980</td><td>3,913</td><td>1,263</td><td>27,069</td><td>9,878</td><td>1,477</td><td>9,434</td><td>5,369</td><td>911</td></tr><tr><td>Spain</td><td>611</td><td></td><td>117</td><td>317</td><td>158</td><td>25</td><td>1,279</td><td>2</td><td>1,180</td><td>25</td><td>72</td><td>2</td></tr><tr><td>Sweden</td><td>64,531</td><td>15,753</td><td>6,180</td><td>26,938</td><td>11,183</td><td>4,477</td><td>68,967</td><td>13,907</td><td>2,900</td><td>32,622</td><td>10,314</td><td>3,684</td></tr><tr><td>U.S. S. R.</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 Kingdom</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>Tuqosavia</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>Other Europe</td><td>133,771</td><td>5,081</td><td>10,845</td><td>8,293</td><td>98,403</td><td>11,215</td><td>65,841</td><td>4,322</td><td>11,662</td><td>8,358</td><td>4,231</td><td>37,068</td></tr><tr><td>Total Europe</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>Canada</td><td>449</td><td>85</td><td>12</td><td>303</td><td>19</td><td>30</td><td>166</td><td>50</td><td>109</td><td>1</td><td>6</td><td>1</td></tr><tr><td>Latin America:</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>Argentina</td><td>26</td><td>146</td><td>3</td><td>28</td><td>375</td><td>6</td><td>108</td><td>5</td><td>52</td><td>1</td><td>28</td><td>1</td></tr><tr><td>Bolivia</td><td>751</td><td>7</td><td>75</td><td>440</td><td>231</td><td>32</td><td>600</td><td>1</td><td>850</td><td>1</td><td>112</td><td>4</td></tr><tr><td>Brazil</td><td>125</td><td>3</td><td>252</td><td>1,001</td><td>318</td><td>55</td><td>1,146</td><td>41</td><td>908</td><td>112</td><td>87</td><td>1</td></tr><tr><td>Chile</td><td>1,992</td><td>233</td><td>100</td><td>92</td><td>321</td><td>7</td><td>1,163</td><td>11</td><td>64</td><td>265</td><td>26</td><td>359</td></tr><tr><td>Colombia</td><td>192</td><td>24</td><td>54</td><td>110</td><td>42</td><td>79</td><td>1,423</td><td>11</td><td>19</td><td>2</td><td>3</td><td>1</td></tr><tr><td>Cuba</td><td>1,191</td><td>4</td><td>135</td><td>80</td><td>200</td><td>214</td><td>26</td><td>124</td><td>18</td><td>77</td><td>22</td><td>109</td></tr><tr><td>Dominican Republic</td><td>673</td><td>44</td><td>135</td><td>80</td><td>161</td><td>161</td><td>1,092</td><td>60</td><td>8</td><td>27</td><td>1</td><td>109</td></tr><tr><td>El Salvador</td><td>230</td><td>20</td><td>60</td><td>385</td><td>34</td><td>90</td><td>27</td><td>1,076</td><td>440</td><td>1,333</td><td>242</td><td>12</td></tr><tr><td>Guatemala</td><td>54</td><td>448</td><td>248</td><td>740</td><td>269</td><td>61</td><td>644</td><td>10</td><td>509</td><td>16</td><td>6</td><td>1</td></tr><tr><td>Honduras</td><td>1,766</td><td>8</td><td>294</td><td>329</td><td>41</td><td>21</td><td>222</td><td>1</td><td>199</td><td>16</td><td>1</td><td>1</td></tr><tr><td>Other Latin America</td><td>691</td><td>991</td><td>1,333</td><td>5,297</td><td>1,759</td><td>859</td><td>8,587</td><td>743</td><td>143</td><td>5,975</td><td>748</td><td>979</td></tr><tr><td>Total Latin America</td><td>10,235</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>Asia:</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>China Mainland</td><td>279</td><td>34</td><td>34</td><td>245</td><td>23</td><td>14</td><td>9</td><td>14</td><td>9</td><td>10</td><td>10</td><td>1</td></tr><tr><td>Formosa</td><td>46</td><td>101</td><td>128</td><td>593</td><td>87</td><td>80</td><td>633</td><td>34</td><td>592</td><td>10</td><td>1</td><td>1</td></tr><tr><td>Hong Kong</td><td>989</td><td></td><td>17</td><td>37</td><td>5</td><td>7</td><td>67</td><td>2</td><td>67</td><td>1</td><td>1</td><td>1</td></tr><tr><td>India</td><td>101</td><td>52</td><td>20</td><td>2</td><td>3,148</td><td>4</td><td>3,148</td><td>3</td><td>3,148</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Indonesia</td><td>2</td><td>6</td><td>20</td><td>10</td><td>101</td><td>4</td><td>9</td><td>3</td><td>6</td><td>18</td><td>1</td><td>10</td></tr><tr><td>Iran</td><td>177</td><td>10</td><td>16</td><td>5</td><td>159</td><td>159</td><td>159</td><td>159</td><td>159</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Israel</td><td>48</td><td>27</td><td>15</td><td>500</td><td>27</td><td>100</td><td>470</td><td>100</td><td>136</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Japan</td><td>515</td><td>219</td><td>196</td><td>1,870</td><td>976</td><td>91</td><td>4,810</td><td>100</td><td>108</td><td>1,289</td><td>3,163</td><td>10</td></tr><tr><td>Philippines</td><td>30</td><td>91</td><td>1</td><td>417</td><td>19</td><td>3</td><td>7</td><td>3</td><td>6</td><td>18</td><td>1</td><td>1</td></tr><tr><td>Thailand</td><td>2,792</td><td>219</td><td>196</td><td>1,870</td><td>976</td><td>91</td><td>4,810</td><td>100</td><td>108</td><td>1,289</td><td>3,163</td><td>10</td></tr><tr><td>Total Asia</td><td>8,798</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>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>26</td><td>7</td><td>19</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Belgian Congo</td><td>22</td><td>82</td><td>34</td><td>103</td><td>20</td><td>1</td><td>100</td><td>1</td><td>100</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>22</td><td>31</td><td>37</td><td>34</td><td>188</td><td>957</td><td>80</td><td>54</td><td>175</td><td>8</td><td>115</td><td>1</td></tr><tr><td>Union of South Africa</td><td>108</td><td>35</td><td>325</td><td>34</td><td>188</td><td>957</td><td>80</td><td>54</td><td>175</td><td>8</td><td>115</td><td>1</td></tr><tr><td>Other countries</td><td>732</td><td>66</td><td>391</td><td>87</td><td>1,094</td><td>56</td><td>956</td><td>7</td><td>115</td><td>1</td><td>115</td><td>1</td></tr><tr><td>Total other countries</td><td>1,23,385</td><td>122,535</td><td>285</td><td>319</td><td>6</td><td>118,658</td><td>118,000</td><td>125</td><td>503</td><td>1</td><td>1</td><td>1</td></tr><tr><td>International</td><td>123,385</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>Grand total</td><td>335,412</td><td>124,513</td><td>13,145</td><td>42,508</td><td>112,384</td><td>16,896</td><td>66,779</td><td>136,692</td><td>14,369</td><td>49,436</td><td>18,965</td><td>41,796</td></tr></table>
70
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
September 1952 through August 1953
<table><tr><th></th><th colspan="10">Issue and page number</th></tr><tr><th></th><th colspan="3">1958</th><th colspan="8">1959</th></tr><tr><th>Article:</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Treasury financing operations</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget 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>Receipts by principal source:</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures by major classifications</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Expenditures for international finance and aid</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Detail of budget receipts by months and years</td><td>4</td><td>4</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td></tr><tr><td>Summary of budget receipts and deductions by months and years</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td></tr><tr><td>Detail of budget receipts and deductions by months and years</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>9</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td></tr><tr><td>Social Security Act</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>16</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td></tr><tr><td>Railroad Retirement Act</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>16</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td></tr><tr><td>Railroad Unemployment Insurance Act</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>Trust account and other transactions</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>17</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td></tr><tr><td>Summary of trust account and other transactions</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>17</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td></tr><tr><td>Trust account receipts</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>18</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Trust account expenditures other than net investments</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>19</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Report on cash budget receipts in public debt securities</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>19</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>20</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Railroad Retirement Account</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>20</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Unemployment Trust Fund</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National Service Life Insurance Fund</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>20</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Treasury cash income and 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></tr><tr><td>Summary of cash transactions</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>21</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td></tr><tr><td>Distribution of cash budget receipts</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>22</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Derivation of cash budget expenditures</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>22</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Derivation of cash trust account transactions</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>22</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Derivation of cash borrowing or repayment of borrowing</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>23</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td></tr><tr><td>Cash operating income and outgo by months</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>23</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td></tr><tr><td>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>Status of the General Fund</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>24</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td></tr><tr><td>General Fund balance by months</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>24</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Debt outstanding:</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 Federal securities</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>25</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td></tr><tr><td>Net change in Federal securities</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>25</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td></tr><tr><td>Interest-bearing public debt</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>26</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td></tr><tr><td>Net change in interest-bearing public debt</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>26</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td></tr><tr><td>Special issues to U.S. Government investment accounts</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>27</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td></tr><tr><td>Cash and interest charge and computed interest rate on Federal securities</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>27</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td></tr><tr><td>Treasury holdings of securities issued by Government corporations and other agencies</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>28</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td></tr><tr><td>Public debt and guaranteed securities outstanding by months</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>29</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td></tr><tr><td>Statutory debt limitation</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>Status under limitation</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>30</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td></tr><tr><td>Application of limitation to public debt and guaranteed securities outstanding</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>30</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td></tr><tr><td>Debt operations:</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>Maturity schedule of interest-bearing public marketable securities issued by the U.S. Government</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>31</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td></tr><tr><td>Offerings of Treasury bills</td><td>24</td><td>24</td><td>24</td><td>24</td><td>24</td><td>33</td><td>24</td><td>24</td><td>24</td><td>24</td><td>24</td><td>24</td></tr><tr><td>Form of marketable securities, including notes, and certificates of indebtedness</td><td>25</td><td>25</td><td>25</td><td>25</td><td>25</td><td>34</td><td>25</td><td>25</td><td>25</td><td>25</td><td>25</td><td>25</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness and guaranteed securities</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>35</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td></tr></table>
(Continued on following page)
August 1955
71
CUMULATIVE TABLE OF CONTENTS
September 1952 through August 1953 - (Continued)
<table><tr><th colspan="13">Issue and page number</th></tr><tr><th></th><th colspan="3">1950</th><th colspan="9">1951</th></tr><tr><th></th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>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>Cumulative sales and redemptions by series</td><td>27</td><td>27</td><td>27</td><td>27</td><td>27</td><td>36</td><td>27</td><td>27</td><td>27</td><td>27</td><td>27</td><td>27</td></tr><tr><td>Sales and redemptions by periods, all series combined</td><td>27</td><td>27</td><td>28</td><td>28</td><td>28</td><td>36</td><td>27</td><td>28</td><td>28</td><td>27</td><td>27</td><td>27</td></tr><tr><td>Sales and redemptions by periods, Series E through E</td><td>28</td><td>28</td><td>28</td><td>28</td><td>28</td><td>37</td><td>28</td><td>28</td><td>28</td><td>28</td><td>28</td><td>28</td></tr><tr><td>Redemptions of matured and unmatured bonds</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td><td>41</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td></tr><tr><td>Sales and redemptions by denominations, Series E and F</td><td>...</td><td>...</td><td>33</td><td>...</td><td>...</td><td>42</td><td>...</td><td>...</td><td>33</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Sales and redemptions by denominations, Series E and H</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>33</td></tr><tr><td>Sales by States, Series E and H</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 by States, Series E and H and Series F, G, J, and K</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>34</td></tr><tr><td>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>Cumulative sales and redemptions by series</td><td>33</td><td>33</td><td>33</td><td>33</td><td>33</td><td>46</td><td>33</td><td>33</td><td>33</td><td>33</td><td>33</td><td>33</td></tr><tr><td>Sales and redemptions by periods, all series combined</td><td>33</td><td>33</td><td>39</td><td>33</td><td>33</td><td>46</td><td>33</td><td>33</td><td>39</td><td>33</td><td>33</td><td>39</td></tr><tr><td>Ownership of Federal 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>Distribution by classes of investors and types of issues</td><td>34</td><td>34</td><td>36</td><td>34</td><td>34</td><td>47</td><td>34</td><td>34</td><td>36</td><td>34</td><td>34</td><td>36</td></tr><tr><td>Net market purchase or sale for investment accounts handled by the Treasury</td><td>34</td><td>34</td><td>36</td><td>34</td><td>34</td><td>47</td><td>34</td><td>34</td><td>36</td><td>34</td><td>34</td><td>36</td></tr><tr><td>Estimated ownership</td><td>35</td><td>35</td><td>37</td><td>35</td><td>35</td><td>48</td><td>35</td><td>35</td><td>37</td><td>35</td><td>35</td><td>37</td></tr><tr><td>Treasury survey of ownership:</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>Ownership by banks, insurance companies, and others</td><td>36</td><td>36</td><td>38</td><td>36</td><td>36</td><td>49</td><td>36</td><td>36</td><td>38</td><td>36</td><td>36</td><td>38</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date December 31, 1952)</td><td>40</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>40</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Market quotations:</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>End-of-month closing quotations on Federal securities by issues</td><td>44</td><td>40</td><td>42</td><td>40</td><td>40</td><td>53</td><td>44</td><td>40</td><td>42</td><td>40</td><td>40</td><td>42</td></tr><tr><td>End-of-month closing quotations on Treasury securities by 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>Chart - Yields of Treasury securities</td><td>47</td><td>43</td><td>45</td><td>43</td><td>43</td><td>56</td><td>47</td><td>43</td><td>45</td><td>42</td><td>42</td><td>44</td></tr><tr><td>Average yields of long-term 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>Average yields of Treasury and corporate bonds by periods</td><td>48</td><td>48</td><td>46</td><td>48</td><td>48</td><td>57</td><td>48</td><td>48</td><td>46</td><td>43</td><td>43</td><td>45</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds</td><td>49</td><td>45</td><td>47</td><td>45</td><td>45</td><td>58</td><td>49</td><td>45</td><td>47</td><td>44</td><td>44</td><td>46</td></tr><tr><td>Internal revenue collections:</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 principal sources</td><td>50</td><td>46</td><td>48</td><td>46</td><td>46</td><td>59</td><td>50</td><td>46</td><td>48</td><td>45</td><td>45</td><td>47</td></tr><tr><td>Chart - Internal revenue collections by principal sources</td><td>51</td><td>47</td><td>49</td><td>47</td><td>47</td><td>60</td><td>51</td><td>47</td><td>49</td><td>46</td><td>46</td><td>48</td></tr><tr><td>Detail of collections by type or tax</td><td>52</td><td>48</td><td>50</td><td>48</td><td>48</td><td>61</td><td>52</td><td>48</td><td>50</td><td>47</td><td>47</td><td>49</td></tr><tr><td>Monetary 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>Money in circulation</td><td>54</td><td>50</td><td>52</td><td>50</td><td>50</td><td>63</td><td>54</td><td>50</td><td>52</td><td>49</td><td>49</td><td>51</td></tr><tr><td>Monetary stocks of gold and silver</td><td>55</td><td>51</td><td>53</td><td>51</td><td>51</td><td>64</td><td>55</td><td>51</td><td>53</td><td>50</td><td>50</td><td>52</td></tr><tr><td>Gold assets and liabilities of the Treasury</td><td>55</td><td>51</td><td>53</td><td>51</td><td>51</td><td>64</td><td>55</td><td>51</td><td>53</td><td>50</td><td>50</td><td>52</td></tr><tr><td>Components of silver monetary stock</td><td>56</td><td>52</td><td>54</td><td>52</td><td>52</td><td>65</td><td>56</td><td>52</td><td>54</td><td>51</td><td>51</td><td>53</td></tr><tr><td>Silver production in weight of gold dollar (latest date and assay offices</td><td>56</td><td>52</td><td>54</td><td>52</td><td>52</td><td>65</td><td>56</td><td>52</td><td>54</td><td>51</td><td>51</td><td>53</td></tr><tr><td>Seigniorage on silver</td><td>57</td><td>53</td><td>55</td><td>53</td><td>53</td><td>66</td><td>57</td><td>53</td><td>55</td><td>52</td><td>52</td><td>54</td></tr><tr><td>Increase in monetary circulation</td><td>...</td><td>...</td><td>55</td><td>...</td><td>...</td><td>66</td><td>...</td><td>...</td><td>55</td><td>...</td><td>...</td><td>54</td></tr><tr><td>June 30, 1953</td><td>57</td><td>...</td><td>...</td><td>53</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>52</td><td>...</td><td>...</td></tr><tr><td>Net Treasury gold receipts (latest quarter ending March 31, 1953)</td><td>57</td><td>...</td><td>...</td><td>53</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>52</td><td>...</td><td>...</td></tr><tr><td>Exchange Stabilization Fund (latest date March 31, 1957):</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>Balance sheet</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>67</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>55</td></tr><tr><td>Income and expense</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>68</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>56</td></tr><tr><td>Capital movements between the United States and foreign countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by periods since 1935</td><td>58</td><td>54</td><td>58</td><td>54</td><td>54</td><td>69</td><td>58</td><td>54</td><td>58</td><td>53</td><td>53</td><td>71</td></tr><tr><td>Summary by countries and months</td><td>61</td><td>57</td><td>61</td><td>57</td><td>57</td><td>72</td><td>61</td><td>57</td><td>61</td><td>56</td><td>56</td><td>71</td></tr><tr><td>Details for latest months by countries</td><td>65</td><td>61</td><td>65</td><td>61</td><td>61</td><td>76</td><td>65</td><td>61</td><td>65</td><td>60</td><td>60</td><td>74</td></tr><tr><td>Supplementary data by countries</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>66</td><td>66</td><td>...</td></tr><tr><td>Corporations and certain other business-type activities (latest date December 31, 1952):</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>Loans outstanding</td><td>...</td><td>...</td><td>71</td><td>...</td><td>...</td><td>...</td><td>...</td><td>68</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Balance sheets</td><td>...</td><td>...</td><td>72</td><td>...</td><td>...</td><td>...</td><td>...</td><td>69</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Income and expense</td><td>...</td><td>...</td><td>67</td><td>...</td><td>...</td><td>...</td><td>...</td><td>71</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Source and applications of funds</td><td>...</td><td>...</td><td>70</td><td>...</td><td>...</td><td>...</td><td>...</td><td>74</td><td>...</td><td>...</td><td>...</td><td>...</td></tr></table>
U.S. TREASURY LIBRARY
1 0031981