TREASURY BULLETIN
SEPTEMBER-1953
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
September 1953
Table of Contents
Page
<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>5</td></tr><tr><td>Treasury cash income and outgo</td><td>7</td></tr><tr><td>Debt outstanding and general fund</td><td>10</td></tr><tr><td>Statutory debt limitation</td><td>13</td></tr><tr><td>Debt operations</td><td>14</td></tr><tr><td>United States savings bonds</td><td>19</td></tr><tr><td>Treasury savings notes</td><td>23</td></tr><tr><td>Ownership of Federal securities</td><td>24</td></tr><tr><td>Treasury survey of ownership of Federal securities</td><td>26</td></tr><tr><td>Market quotations</td><td>34</td></tr><tr><td>Average yields of long-term bonds</td><td>37</td></tr><tr><td>Internal revenue collections</td><td>39</td></tr><tr><td>Monetary statistics</td><td>43</td></tr><tr><td>Capital movements</td><td>47</td></tr><tr><td>Cumulative table of contents</td><td>60</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.
Treasury Bulletin
Announcement
Effective with this issue of the "Treasury Bulletin", certain changes are being made to accord with changes in the "Daily Statement of the United States Treasury", as announced in connection with the July 1, 1953, issue of that publication. The special Bulletin tables relating to the social security program (former Tables 7 - 9 under "Budget Receipts and Expenditures" and 5 - 8 under "Trust Account and Other Transactions"), will be published quarterly instead of monthly, but will carry data by months. The corresponding information will be omitted from the "Daily Statement of the United States Treasury".
Balance sheets of Government corporations and agencies likewise will be published quarterly in the Bulletin and omitted from the Daily Statement. The full detail formerly presented in the Daily Statement will be carried in the Bulletin tables. Data on income and expense and source and application of funds for these corporations and agencies will continue to be published in the Bulletin at six-month intervals as before.
Among other changes effective with this issue of the Bulletin are the following: Summaries by months will be published at six-month intervals instead of each month for budget results, cash operating income and outgo, general fund balance, and debt outstanding (former Tables 6 under "Budget Receipts and Expenditures", 6 under "Cash Income and Outgo", 2 under "General Fund of the Treasury", and 8 under "Debt Outstanding"). However, the detailed tables from which these summaries are compiled will be continued each month as heretofore. Also, the net change tables for debt outstanding will be omitted. In Table 3 on sales and redemptions of savings bonds, the sales and redemptions by series for savings bonds of Series F, G, J, and K will be omitted and only their combined amounts will continue to be shown.
September 1955
A-1
Treasury Financing Operations
Refunding of September Bond Maturity
On August 28, 1953, the Treasury Department announced the offering on September 2 of an issue of one-year 2-5/8 percent certificates of indebtedness and an issue of 3-1/2-year 2-7/8 percent Treasury notes. The new issues were offered in exchange for the 2 percent Treasury bonds of 1951-53, dated September 15, 1943, maturing September 15, 1953, in the amount of $7,936 million. The announcement stated that the new certificates will carry an interest coupon payable with the principal at maturity, and that any premium paid on the acquisition of these certificates in the market may be amortized in accordance with Section 125 of the Internal Revenue Code.
Full information on the terms of the offering was contained in the official circulars dated September 2, the day of the opening of the subscription books. The subscription books were closed at the close of business on September 4. Exchanges were made par for par, and cash subscriptions were not received. Both securities were issued in bearer form only, in denominations of $1,000, $5,000, $10,000, $100,000, and $1,000,000.
The new certificates, designated Series E-1954, are dated September 15, 1953, and bear interest from that date at the rate of 2-5/8 percent per annum, payable at their maturity on September 15, 1954. The new notes, designated Series A-1957, are dated September 15, 1953, also, and bear interest from that date at the rate of 2-7/8 percent per annum, payable semiannually on March 15 and September 15 in each year until the principal amount becomes payable. They will mature March 15, 1957.
Reports to the Treasury on the ownership of Government securities indicate that on June 30, 1953, about 57 percent of the 2 percent Treasury bonds of 1951-53 maturing September 15, 1953, were owned by reporting commercial banks and by Federal Reserve
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the "Treasury Bulletin", in the tables on "Offerings" and "Dis-
Banks. The ownership figures for June 30 are the latest published for commercial banks.
Subscriptions for the new securities totaled $7,723 million, more than 96-1/2 percent of the maturing bonds. Subscriptions for the certificates, Series E-1954, amounted to $4,723 million, and subscriptions for the notes, Series A-1957, amounted to $3,000 million, leaving $263 million to be paid in cash.
Results of August Certificate Refunding
Subscriptions to the offering of one-year 2-5/8 percent certificates of indebtedness, Series D-1954, amounted to $2,788 million, leaving $93 million to be paid in cash to holders of the certificates, Series C-1953, which matured August 15. The exchanges were approximately 96-1/2 percent of the maturity. Reports to the Treasury on the ownership of Government securities indicate that on June 30, 1953, about 44 percent of Series C-1953 certificates were owned by reporting commercial banks and by Federal Reserve Banks.
Details of the offering were announced on August 5, the opening date of the subscription books. The books were closed at the close of business on August 7. Exchanges were made par for par and cash subscriptions were not received. The new certificates bear interest from August 15, 1953, at the rate of 2-5/8 percent per annum, payable with the principal at maturity on August 15, 1954. They were issued in bearer form only, in denominations of $1,000, $5,000, $10,000, $100,000, and $1,000,000.
Treasury 91-Day Bills Refunded
Maturities of 91-day Treasury bills totaled $6.0 billion in August and were refunded in equivalent weekly issues of $1.5 billion each. The average rates of discount on the new issues were 2.136 percent for August 6, 2.116 percent for August 13, 2.101 percent for August 20, and 2.001 percent for August 27.
position", respectively, of marketable issues of bonds, notes, and certificates of indebtedness, and in the table "Offerings of Treasury Bills".
1
September 1955
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
<table><tr><th>Period</th><th colspan="3">Budget receipts and expenditures</th><th>Net of trust account and other transactions</th><th>Clearing account</th><th>Net increase in public debt, or decrease (-)</th><th>Net increase in General Fund balance, or decrease (-)</th><th colspan="3">Levels, end of period</th></tr><tr><th></th><th>Net receipts</th><th>Expenditures</th><th>Surplus, or deficit</th><th>2/3/</th><th>3/31</th><th></th><th></th><th>General Fund</th><th>Public debt</th><th>Debt outstanding</th></tr><tr><th></th><th>$</th><th>$</th><th>(-)</th><th>$</th><th>$</th><th></th><th></th><th></th><th>Guaranteed securities</th><th>Total Federal securities</th></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></tr><tr><td>1946</td><td>12,696</td><td>36,187</td><td>-23,491</td><td>-1,611</td><td>-</td><td>23,463</td><td>358</td><td>3,392</td><td>72,482</td><td>4,568</td></tr><tr><td>1947</td><td>68,508</td><td>70,682</td><td>-57,440</td><td>-1,318</td><td>-</td><td>58,474</td><td>6,515</td><td>9,507</td><td>136,696</td><td>4,100</td></tr><tr><td>1948</td><td>43,992</td><td>99,315</td><td>-51,423</td><td>-2,888</td><td>-</td><td>64,307</td><td>10,666</td><td>20,169</td><td>201,003</td><td>1,661</td></tr><tr><td>1949</td><td>44,768</td><td>98,103</td><td>-51,791</td><td>-2,791</td><td>-</td><td>57,675</td><td>2,456</td><td>24,698</td><td>238,115</td><td>413</td></tr><tr><td>1950</td><td>40,027</td><td>60,703</td><td>-20,676</td><td>-284</td><td>-</td><td>10,740</td><td>-10,460</td><td>14,238</td><td>869,432</td><td>476</td></tr><tr><td>1947</td><td>40,043</td><td>39,289</td><td>729</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></tr><tr><td>1948</td><td>48,211</td><td>33,791</td><td>8,420</td><td>-294</td><td>-507</td><td>-5,594</td><td>1,626</td><td>4,932</td><td>252,892</td><td>73</td></tr><tr><td>1949</td><td>38,758</td><td>40,377</td><td>-3,211</td><td>-366</td><td>483</td><td>-4,158</td><td>-1,458</td><td>3,337</td><td>251,327</td><td>87</td></tr><tr><td>1950</td><td>37,045</td><td>40,167</td><td>-3,122</td><td>99</td><td>483</td><td>4,587</td><td>2,047</td><td>5,537</td><td>255,222</td><td>29</td></tr><tr><td>1951</td><td>48,143</td><td>44,633</td><td>3,210</td><td>679</td><td>-214</td><td>-8,135</td><td>1,839</td><td>7,337</td><td>259,822</td><td>29</td></tr><tr><td>1952</td><td>66,369</td><td>66,957</td><td>-4,117</td><td>147</td><td>3403</td><td>3,483</td><td>-3,483</td><td>6,395</td><td>262,071</td><td>52</td></tr><tr><td>1951</td><td>65,218</td><td>74,607</td><td>-9,389</td><td>437</td><td>-312</td><td>6,966</td><td>-2,899</td><td>4,670</td><td>266,071</td><td>52</td></tr><tr><td>1952 (Est.)</td><td>68,305</td><td>72,116</td><td>-3,811</td><td>53</td><td>59</td><td>5,089</td><td>1,330</td><td>6,000</td><td>271,100</td><td>27</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></tr><tr><td>1946</td><td>16,290</td><td>57,751</td><td>-41,461</td><td>-1,788</td><td>-</td><td>50,235</td><td>6,983</td><td>10,543</td><td>108,170</td><td>4,301</td></tr><tr><td>1947</td><td>31,011</td><td>90,721</td><td>-59,710</td><td>-1,661</td><td>-</td><td>57,101</td><td>14,103</td><td>12,436</td><td>167,977</td><td>2,631</td></tr><tr><td>1948</td><td>43,531</td><td>97,181</td><td>-53,550</td><td>-1,161</td><td>-</td><td>64,751</td><td>9,965</td><td>28,636</td><td>230,630</td><td>1,514</td></tr><tr><td>1949</td><td>43,981</td><td>87,582</td><td>-43,594</td><td>-123</td><td>-</td><td>47,488</td><td>3,767</td><td>26,003</td><td>278,115</td><td>567</td></tr><tr><td>1950</td><td>35,010</td><td>41,382</td><td>-6,372</td><td>-1,366</td><td>368</td><td>-16,960</td><td>-22,508</td><td>3,508</td><td>259,189</td><td>339</td></tr><tr><td>1951</td><td>41,230</td><td>38,976</td><td>2,254</td><td>-1,384</td><td>-380</td><td>-9,334</td><td>-9,008</td><td>3,097</td><td>256,900</td><td>81</td></tr><tr><td>1948</td><td>41,550</td><td>36,209</td><td>5,341</td><td>-289</td><td>199</td><td>-4,100</td><td>1,111</td><td>4,208</td><td>252,800</td><td>55</td></tr><tr><td>1949</td><td>38,122</td><td>41,734</td><td>-3,598</td><td>-503</td><td>334</td><td>1,333</td><td>1,711</td><td>4,679</td><td>257,130</td><td>30</td></tr><tr><td>1950</td><td>37,999</td><td>38,675</td><td>1,128</td><td>112</td><td>118</td><td>1,217</td><td>-414</td><td>4,127</td><td>254,422</td><td>32</td></tr><tr><td>1951</td><td>73,488</td><td>56,846</td><td>-3,358</td><td>812</td><td>-106</td><td>2,711</td><td>62</td><td>4,295</td><td>259,419</td><td>42</td></tr><tr><td>1952</td><td>65,953</td><td>72,366</td><td>-5,042</td><td>-41</td><td>-319</td><td>7,973</td><td>1,770</td><td>6,054</td><td>267,391</td><td>54</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></tr><tr><td>1951-January</td><td>4,448</td><td>3,808</td><td>640</td><td>-83</td><td>287</td><td>-583</td><td>281</td><td>4,454</td><td>256,125</td><td>18</td></tr><tr><td>February</td><td>4,257</td><td>3,761</td><td>1,094</td><td>227</td><td>-151</td><td>1,088</td><td>983</td><td>4,938</td><td>257,108</td><td>21</td></tr><tr><td>March</td><td>8,112</td><td>4,028</td><td>4,084</td><td>-34</td><td>111</td><td>2,944</td><td>3,187</td><td>8,569</td><td>254,997</td><td>21</td></tr><tr><td>April</td><td>2,666</td><td>4,007</td><td>-1,341</td><td>-69</td><td>106</td><td>-270</td><td>-1,614</td><td>6,955</td><td>254,727</td><td>21</td></tr><tr><td>May</td><td>3,146</td><td>4,517</td><td>-1,371</td><td>136</td><td>-304</td><td>366</td><td>-1,173</td><td>7,782</td><td>253,993</td><td>29</td></tr><tr><td>June</td><td>7,059</td><td>5,199</td><td>1,860</td><td>113</td><td>-43</td><td>1,976</td><td>1,576</td><td>7,556</td><td>255,571</td><td>28</td></tr><tr><td>July</td><td>2,571</td><td>4,739</td><td>-2,168</td><td>11</td><td>-103</td><td>435</td><td>-1,737</td><td>5,680</td><td>253,657</td><td>32</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>-223</td><td>5,095</td><td>252,684</td><td>32</td></tr><tr><td>September</td><td>6,209</td><td>5,163</td><td>1,046</td><td>37</td><td>30</td><td>709</td><td>1,882</td><td>6,916</td><td>257,373</td><td>33</td></tr><tr><td>October</td><td>6,535</td><td>5,463</td><td>-8,847</td><td>-55</td><td>36</td><td>709</td><td>-8,148</td><td>4,994</td><td>258,590</td><td>37</td></tr><tr><td>November</td><td>3,521</td><td>2,778</td><td>1,525</td><td>86</td><td>80</td><td>1,306</td><td>-520</td><td>4,624</td><td>259,604</td><td>43</td></tr><tr><td>December</td><td>5,879</td><td>5,567</td><td>-347</td><td>196</td><td>7</td><td>-136</td><td>-389</td><td>4,295</td><td>259,419</td><td>42</td></tr><tr><td>1952-January</td><td>4,953</td><td>5,455</td><td>-501</td><td>-375</td><td>103</td><td>357</td><td>-415</td><td>3,879</td><td>259,775</td><td>38</td></tr><tr><td>February</td><td>5,251</td><td>5,105</td><td>148</td><td>116</td><td>259</td><td>516</td><td>1,106</td><td>7,007</td><td>260,875</td><td>37</td></tr><tr><td>March</td><td>9,788</td><td>9,704</td><td>84</td><td>106</td><td>-249</td><td>-2,278</td><td>1,765</td><td>6,940</td><td>258,098</td><td>61</td></tr><tr><td>April</td><td>4,323</td><td>6,016</td><td>-1,693</td><td>-691</td><td>329</td><td>209</td><td>-1,447</td><td>5,393</td><td>258,832</td><td>44</td></tr><tr><td>May</td><td>3,809</td><td>5,659</td><td>-1,850</td><td>357</td><td>-921</td><td>1,613</td><td>88</td><td>5,421</td><td>259,905</td><td>45</td></tr><tr><td>June</td><td>9,796</td><td>6,930</td><td>2,866</td><td>-198</td><td>-366</td><td>-800</td><td>1,948</td><td>6,969</td><td>259,105</td><td>46</td></tr><tr><td>July</td><td>3,316</td><td>6,742</td><td>-3,426</td><td>-17</td><td>432</td><td>3,968</td><td>997</td><td>7,985</td><td>261,073</td><td>34</td></tr><tr><td>August</td><td>3,020</td><td>9,208</td><td>-6,188</td><td>77</td><td>-197</td><td>111</td><td>-977</td><td>6,982</td><td>263,634</td><td>19</td></tr><tr><td>September</td><td>6,585</td><td>6,070</td><td>515</td><td>422</td><td>-289</td><td>-504</td><td>204</td><td>7,126</td><td>266,682</td><td>60</td></tr><tr><td>October</td><td>3,099</td><td>6,383</td><td>-3,283</td><td>-252</td><td>316</td><td>2,838</td><td>-981</td><td>6,175</td><td>268,919</td><td>45</td></tr><tr><td>November</td><td>1,151</td><td>1,101</td><td>1,050</td><td>201</td><td>284</td><td>2,513</td><td>1,453</td><td>7,614</td><td>267,473</td><td>54</td></tr><tr><td>December</td><td>6,003</td><td>7,124</td><td>-1,121</td><td>-895</td><td>-145</td><td>-41</td><td>-1,972</td><td>6,064</td><td>267,131</td><td>24</td></tr><tr><td>1953-January</td><td>5,061</td><td>5,737</td><td>-676</td><td>111</td><td>12</td><td>12</td><td>-376</td><td>5,639</td><td>267,402</td><td>48</td></tr><tr><td>February</td><td>5,479</td><td>2,599</td><td>-116</td><td>272</td><td>821</td><td>1,182</td><td>335</td><td>6,024</td><td>267,734</td><td>50</td></tr><tr><td>March</td><td>10,502</td><td>6,187</td><td>4,315</td><td>-197</td><td>-135</td><td>-3,099</td><td>988</td><td>6,908</td><td>268,485</td><td>51</td></tr><tr><td>April</td><td>2,840</td><td>6,368</td><td>-3,523</td><td>-207</td><td>289</td><td>105</td><td>-3,368</td><td>3,528</td><td>268,590</td><td>52</td></tr><tr><td>May</td><td>4,150</td><td>6,121</td><td>-1,962</td><td>418</td><td>428</td><td>1,990</td><td>97</td><td>5,070</td><td>266,520</td><td>52</td></tr><tr><td>June</td><td>5,744</td><td>7,988</td><td>-1,756</td><td>98</td><td>-373</td><td>-449</td><td>1,032</td><td>4,670</td><td>266,071</td><td>52</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>4,072</td><td>8,741</td><td>272,732</td><td>63</td></tr><tr><td>August</td><td>4,568</td><td>6,042</td><td>-1,473</td><td>300</td><td>-430</td><td>536</td><td>-1,067</td><td>7,674</td><td>273,206</td><td>63</td></tr></table>
Source: Actual figures from Daily Treasury Statement; estimates based on "Review of 1958 Budget" released August 27, 1953. More detailed information with respect to the figures on this page is given in succeeding tables.
1/ Groce receipts less appropriations to the Federal Old-Age and Survivors Insurance Trust Fund and refund 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. Re-garding 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". 3/ Excess of receipts, or expenditures (-). 5/ For outstanding checks and interest coupons, and telegraphic reports from Federal Reserve Banks; excess of receipts, or expenditures (-).
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">Internal revenue 1/</th><th rowspan="2">Miscellaneous internal revenue</th><th rowspan="2">Total internal revenue</th><th rowspan="2">Customs</th><th rowspan="2">Other receipts 5/</th><th rowspan="2">Gross receipts</th><th colspan="2">Deductions</th><th rowspan="2">Net receipts</th></tr><tr><th>Withheld by employee 2/</th><th>Other 3/</th><th>Total 4/</th><th>Employment taxes 2/</th><th>Appropriations to Federal Old-Age and Survivors Insurance Trust Fund 7/</th><th>Refunds of receipts 8/</th></tr><tr><td>1946</td><td>9,395</td><td>21,403</td><td>30,809</td><td>1,701</td><td>7,725</td><td>40,210</td><td>435</td><td>3,492</td><td>44,238</td><td>1,238</td><td>2,973</td><td>40,027</td></tr><tr><td>1947</td><td>10,013</td><td>15,925</td><td>25,936</td><td>2,024</td><td>5,049</td><td>31,979</td><td>494</td><td>4,533</td><td>44,508</td><td>1,459</td><td>3,006</td><td>40,043</td></tr><tr><td>1948</td><td>11,436</td><td>19,735</td><td>31,171</td><td>2,381</td><td>8,301</td><td>41,853</td><td>422</td><td>3,884</td><td>46,099</td><td>1,616</td><td>2,872</td><td>42,611</td></tr><tr><td>1949</td><td>9,982</td><td>19,041</td><td>29,438</td><td>2,477</td><td>8,348</td><td>40,207</td><td>304</td><td>2,082</td><td>42,774</td><td>1,690</td><td>2,818</td><td>38,886</td></tr><tr><td>1950</td><td>10,072</td><td>18,189</td><td>28,263</td><td>2,881</td><td>9,303</td><td>39,449</td><td>463</td><td>1,439</td><td>41,311</td><td>2,106</td><td>2,160</td><td>37,045</td></tr><tr><td>1951</td><td>13,535</td><td>26,218</td><td>37,753</td><td>3,931</td><td>9,423</td><td>51,106</td><td>604</td><td>1,639</td><td>53,369</td><td>3,120</td><td>2,107</td><td>48,143</td></tr><tr><td>1952</td><td>18,921</td><td>32,866</td><td>51,347</td><td>4,562</td><td>9,726</td><td>65,635</td><td>551</td><td>1,814</td><td>67,999</td><td>3,569</td><td>2,302</td><td>62,129</td></tr><tr><td>1953</td><td>25,056</td><td>33,101</td><td>54,073</td><td>4,988</td><td>10,870</td><td>69,931</td><td>613</td><td>1,932</td><td>72,455</td><td>4,066</td><td>3,151</td><td>65,218</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>5,832</td><td>117</td><td>24</td><td>5,061</td></tr><tr><td>February</td><td>3,294</td><td>1,479</td><td>4,538</td><td>727</td><td>896</td><td>6,150</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>2,106</td><td>8,551</td><td>10,259</td><td>490</td><td>993</td><td>11,712</td><td>56</td><td>102</td><td>11,870</td><td>425</td><td>944</td><td>10,508</td></tr><tr><td>April</td><td>1,170</td><td>1,837</td><td>2,774</td><td>287</td><td>880</td><td>3,900</td><td>54</td><td>90</td><td>4,044</td><td>232</td><td>963</td><td>2,849</td></tr><tr><td>May</td><td>3,399</td><td>4,901</td><td>3,373</td><td>625</td><td>922</td><td>4,900</td><td>51</td><td>159</td><td>5,140</td><td>516</td><td>244</td><td>4,380</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>194</td><td>10,323</td><td>420</td><td>159</td><td>9,744</td></tr><tr><td>July</td><td>1,292</td><td>1,125</td><td>2,171</td><td>284</td><td>937</td><td>3,332</td><td>52</td><td>235</td><td>3,619</td><td>206</td><td>105</td><td>3,308</td></tr></table>
Source: Daily Treasury Statement.
Table 2.- Expenditures by Major Classifications
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total 9/</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 11/</th><th>Other</th></tr><tr><td>1946</td><td>60,703</td><td>48,870</td><td>727</td><td>4,728</td><td>4,253</td><td>8,333</td></tr><tr><td>1947</td><td>33,859</td><td>16,812</td><td>4,288</td><td>4,258</td><td>7,259</td><td>5,332</td></tr><tr><td>1948</td><td>33,791 16/</td><td>11,500</td><td>4,143 16/</td><td>5,211</td><td>6,469</td><td>6,467</td></tr><tr><td>1949</td><td>40,037 16/</td><td>12,133</td><td>6,016 16/</td><td>5,139</td><td>6,878</td><td>9,666</td></tr><tr><td>1950</td><td>40,167</td><td>12,346</td><td>4,689</td><td>5,750</td><td>6,217</td><td>10,965</td></tr><tr><td>1951</td><td>44,633</td><td>19,959</td><td>4,469</td><td>5,613</td><td>5,333</td><td>9,863</td></tr><tr><td>1952</td><td>66,145</td><td>39,033 11/</td><td>4,917</td><td>2,899</td><td>4,192</td><td>11,834</td></tr><tr><td>1953</td><td>74,607</td><td>44,538</td><td>5,188</td><td>6,208</td><td>4,335</td><td>13,393</td></tr><tr><td>1953 January</td><td>5,737</td><td>3,632</td><td>393</td><td>235</td><td>354</td><td>1,123</td></tr><tr><td>February</td><td>6,225</td><td>3,501</td><td>168</td><td>311</td><td>349</td><td>965</td></tr><tr><td>March</td><td>6,137</td><td>3,759</td><td>690</td><td>363</td><td>364</td><td>781</td></tr><tr><td>April</td><td>6,362</td><td>3,891</td><td>668</td><td>378</td><td>351</td><td>1,281</td></tr><tr><td>May</td><td>6,211</td><td>3,746</td><td>547</td><td>179</td><td>350</td><td>1,418</td></tr><tr><td>June</td><td>7,088</td><td>4,095</td><td>560</td><td>1,382</td><td>349</td><td>1,141</td></tr><tr><td>July</td><td>6,068</td><td>3,890</td><td>558</td><td>237</td><td>369</td><td>1,014</td></tr></table>
Source: Daily Treasury Statement
1/2/1953: "Neither the tax nor the under "Internal Revenue Collection" 5/ Under Current Tax Payment Act of 1943, as amended (26 U.S.C. 1621-1632). Fiscal year 1953 and monthly figures include old-age insurance taxes on employers and employees, because the new figures are not yet available. For further explanation, see footnote 7.
3/1/1952: "Old-age insurance taxes on employers and employees, for fiscal year 1951, are withheld. Fiscal year 1953 and monthly figures include old-age insurance tax on self-employment income, because this tax is not yet available. For further explanation, see footnote 7.
3/1/1952: "Old-age insurance tax on employers and employees, for fiscal year 1951, are withheld. Fiscal year 1953 and monthly figures exclude old-age insurance tax, on the basis of estimates beginning 1952. For further explanation, see footnote 7.
Partly estimated beginning January 1951 (see footnote 7). Fiscal year 1953 and monthly figures will not add to this total (see footnotes 2 and 3). Consists of receipts for old-age insurance, unemployment insurance, and railroad retirement. Beginning January 1951, receipts for old-age insurance are estimated as explained in footnote 7. Railroad unemployment insurance and contributions for administrative expenses are included in "Other receipts". Includes proceeds from sale of surplus property and from Government-owned securities; deposits resulting from renegotiation of war contracts (see "Treasury Bulletin" for old, page 5); and repayments on credit to United Kingdom (see Table 4). Footnotes 7 and 8 on page 3 and 9 through 31 on page 4.
3
September 1953
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>Office of Secretary of Defense 13/</th><th>Air Force 12/</th><th>Army 16/</th><th>Navy 17/</th><th>Payments under Armed Forces Leave Act</th><th>UNFISA</th><th>Surplus property disposal</th><th>Strategic and critical materials 18/</th><th>Other 19/</th></tr><tr><td>1946</td><td>48,870</td><td>-</td><td>-</td><td>27,800</td><td>15,161</td><td>-</td><td>664</td><td>106</td><td>-</td><td>5,139</td></tr><tr><td>1947</td><td>16,812</td><td>*</td><td>-</td><td>6,911</td><td>4,998</td><td>1,986</td><td>1,201</td><td>442</td><td>11</td><td>963</td></tr><tr><td>1948</td><td>11,500</td><td>*</td><td>-</td><td>6,046</td><td>4,171</td><td>270</td><td>268</td><td>383</td><td>99</td><td>321</td></tr><tr><td>1949</td><td>12,198</td><td>2</td><td>1,690</td><td>2,917</td><td>4,112</td><td>10</td><td>82</td><td>98</td><td>299</td><td>898</td></tr><tr><td>1950</td><td>12,346</td><td>161</td><td>3,206</td><td>4,058</td><td>4,110</td><td>1</td><td>*</td><td>7</td><td>439</td><td>69</td></tr><tr><td>1951</td><td>19,955</td><td>343</td><td>6,338</td><td>6,967</td><td>5,757</td><td>3</td><td>*</td><td>*</td><td>656</td><td>92</td></tr><tr><td>1952</td><td>39,033 13/</td><td>416</td><td>12,320 13/</td><td>15,370 13/</td><td>9,961</td><td>1</td><td>*</td><td>2</td><td>847</td><td>101</td></tr><tr><td>1953</td><td>44,498</td><td>440</td><td>18,898</td><td>16,497</td><td>11,770</td><td>*</td><td>-</td><td>-</td><td>912</td><td>107</td></tr><tr><td>1953-January</td><td>3,632</td><td>31</td><td>1,889</td><td>1,211</td><td>1,020</td><td>*</td><td>-</td><td>-</td><td>76</td><td>9</td></tr><tr><td>February</td><td>3,921</td><td>53</td><td>1,088</td><td>1,217</td><td>964</td><td>*</td><td>-</td><td>-</td><td>72</td><td>11</td></tr><tr><td>March</td><td>3,789</td><td>32</td><td>1,284</td><td>1,693</td><td>1,078</td><td>*</td><td>-</td><td>-</td><td>93</td><td>9</td></tr><tr><td>April</td><td>3,891</td><td>38</td><td>1,205</td><td>1,399</td><td>1,118</td><td>*</td><td>-</td><td>-</td><td>32</td><td>9</td></tr><tr><td>May</td><td>3,766</td><td>36</td><td>1,214</td><td>1,450</td><td>1,003</td><td>*</td><td>-</td><td>-</td><td>66</td><td>8</td></tr><tr><td>June</td><td>4,096</td><td>39</td><td>1,379</td><td>1,488</td><td>1,058</td><td>*</td><td>-</td><td>-</td><td>59</td><td>11</td></tr><tr><td>July</td><td>3,890</td><td>36</td><td>1,947</td><td>1,432</td><td>899</td><td>*</td><td>-</td><td>-</td><td>66</td><td>10</td></tr></table>
Source: Daily Treasury Statement. 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>Bretton Woods Agreement Act</th><th>Export-Import Bank 22/</th><th>Credit to United Kingdom 23/</th><th>Government and relief in occupied areas</th><th>Greek-Turkish Assistance</th><th colspan="3">Mutual Security Act 22/</th><th>Other 22/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Economic and technical assistance 23/</th><th>Military assistance 23/</th><th>Other</th><th></th></tr><tr><td>1946</td><td>727</td><td>159</td><td>568</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1947</td><td>4,268</td><td>1,426</td><td>918</td><td>2,059</td><td>518</td><td></td><td></td><td></td><td></td><td>803</td></tr><tr><td>1948</td><td>4,143 12/</td><td></td><td>455</td><td>1,700</td><td>881</td><td>161</td><td>134 12/</td><td></td><td></td><td>420</td></tr><tr><td>1949</td><td>6,016 12/</td><td></td><td>-50</td><td></td><td>1,333</td><td>279</td><td>4,043 12/</td><td></td><td></td><td>170</td></tr><tr><td>1950</td><td>4,699</td><td></td><td>45</td><td></td><td>779</td><td>125</td><td>3,553</td><td>44</td><td></td><td>59</td></tr><tr><td>1951</td><td>4,469</td><td></td><td>88</td><td></td><td>370</td><td>65</td><td>3,005</td><td>884</td><td>47</td><td>295</td></tr><tr><td>1952</td><td>4,917</td><td></td><td>25</td><td></td><td>152</td><td>18</td><td>2,191</td><td>2,228</td><td></td><td>90</td></tr><tr><td>1953</td><td>5,768</td><td></td><td>113</td><td></td><td>48</td><td>4</td><td>1,724</td><td>3,760</td><td>47</td><td></td></tr><tr><td>1953-January</td><td>393</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>690</td><td></td><td>-10</td><td></td><td>3</td><td>*</td><td>156</td><td>553</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>111</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>3</td><td>*</td><td>200</td><td>289</td><td>3</td><td>10</td></tr><tr><td>June</td><td>500</td><td></td><td>63</td><td></td><td>3</td><td>*</td><td>148</td><td>325</td><td>7</td><td>15</td></tr><tr><td>July</td><td>558</td><td></td><td>-14</td><td></td><td>3</td><td>*</td><td>95</td><td>451</td><td>3</td><td>21</td></tr></table>
Source: Daily Treasury Statement.
Footnotes 1 through 6 on page 2 and 3 through 31 on page 4.
1 Amounts appropriate are equivalent to the amounts of taxes collected and estimated for the period from January 1, 1951, to 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 old-age insurance and old-age and survivors and employee and the 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 levied and collected as a separate tax. See section 512, Revenue Act of 1951, as amended, beginning January 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 transfer to the basis of wage and self-employment income records maintained in the Social Security Administration. The payments to be taken from the old age fund to the trust fund beginning January 1951 are considered to represent estimated receipts of old-age insurance benefits and are not included in the adjustments. Adjustments are included under employment taxes and excluded from total income and profits taxes as shown. The breakdown needed for excluding appropriate amounts from the various categories of income is set forth in the table on a fiscal year basis. This estimate for 1953 is not yet available. Figures for June 1953 include adjustments by increase in amounts withheld and estimated taxes and by adjustments to the old age records of self-employment income for calendar year 1951 and $37 million based on records of wages earned in the quarters ending September 30 and December 31, 1952. Interest on refunds is included in Table 5 under "Miscellaneous".
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 26/</th><th>Commerce 27/</th><th>Housing and base finance 28/</th><th>Postal deficit</th><th>Public works 29/</th><th>Reconstruction Finance Corporation 30/</th><th>Social security program</th><th>Atomic Energy Commission</th><th>Miscellaneous 31/</th></tr><tr><td>1946</td><td>2,133</td><td>-203</td><td>76</td><td>-246</td><td>161</td><td>129</td><td>-23</td><td>98.9</td><td>-</td><td>1,412</td></tr><tr><td>1947</td><td>5,332</td><td>1,228</td><td>169</td><td>129</td><td>310</td><td>1,216</td><td>212</td><td>1,065</td><td>199</td><td>1,136</td></tr><tr><td>1948</td><td>6,467</td><td>768</td><td>172</td><td>-68</td><td>310</td><td>1,216</td><td>438</td><td>1,619</td><td>656</td><td>1,631</td></tr><tr><td>1949</td><td>5,666</td><td>8,638</td><td>819</td><td>-95</td><td>584</td><td>1,930</td><td>114</td><td>1,696</td><td>647</td><td>2,124</td></tr><tr><td>1950</td><td>10,365</td><td>2,986</td><td>385</td><td>-270</td><td>593</td><td>1,575</td><td>595</td><td>1,967</td><td>984</td><td>2,515</td></tr><tr><td>1951</td><td>9,263</td><td>635</td><td>378</td><td>360</td><td>624</td><td>1,458</td><td>-71</td><td>2,087</td><td>908</td><td>2,984</td></tr><tr><td>1952</td><td>11,336</td><td>1,219</td><td>588</td><td>614</td><td>760</td><td>1,515</td><td>-169</td><td>2,203</td><td>1,648</td><td>3,096</td></tr><tr><td>1953</td><td>13,393</td><td>3,063</td><td>177</td><td>332</td><td>650</td><td>1,659</td><td>-86</td><td>2,253</td><td>1,802</td><td>3,189</td></tr><tr><td>1953-January</td><td>1,323</td><td>357</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>February</td><td>955</td><td>285</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>March</td><td>751</td><td>261</td><td>46</td><td>-3</td><td>-30</td><td>98</td><td>-29</td><td>62</td><td>157</td><td>207</td></tr><tr><td>April</td><td>1,261</td><td>393</td><td>39</td><td>-35</td><td>125</td><td>193</td><td>-16</td><td>251</td><td>167</td><td>265</td></tr><tr><td>May</td><td>1,428</td><td>581</td><td>38</td><td>66</td><td>-</td><td>129</td><td>-12</td><td>212</td><td>193</td><td>284</td></tr><tr><td>June</td><td>1,241</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><tr><td>July</td><td>1,014</td><td>254</td><td>37</td><td>-78</td><td>-</td><td>174</td><td>-18</td><td>229</td><td>117</td><td>300</td></tr></table>
Source: Daily Treasury Statement
Footnotes 1 through 6 on page 2 and 7 on page 3.
2/ Expenditures of the Department of the Treasury, as it represents to appropriations, receipts of revolving fund appropriations, and receipts credited to disbursing accounts of corporations and agencies, including the net transfers of wholly owned Government corporations and agencies. They exclude investments of these corporations and agencies, and public debt securities beginning 1950 (when these were combined with similar investments of trust funds and accounts), and public debt retirements chargeable to the Treasury. They include all receipts from debt law. Payments to the Treasury, principally by wholly owned Government corporations, for retirement of capital stock and distribution of earnings, excluding receipts from capital expenditures. Further information on these capital transfers may be found in the 1952 Annual Report of the Secretary of the Treasury, Part I.
10/ Beginning November 1949, interest on the public debt is reported as an expenditure when such interest becomes due and payable, as distinguished from the amount of interest of which the expenditure on the basis of interest paid by the Treasurer of the United States.
11/ Includes public works undertaken by the Veterans' Administration.
12/ Includes transactions relating to the Foreign Economic Cooperation Trust Fund (see page 1).
13/ New transactions by the Departments of the Air Force and the Army relating to "Miscellaneous" instead of "Budget Receipts and Account and Other Transactions".
14/ Expenditures "beginning 1952".
15/ Includes refund pay for the military services beginning September 1949.
16/ Department of the Air Force expenditures, excluding those made on behalf of the department out of appropriations to the Department of the Army.
17/ Department of the Army expenditures, excluding the following: the following expenditures of the Army and its subordinated agencies, and aid, shown in Table 4: river and harbor works and flood control, included in Table 5 under "Public works"; and Panama Canal.
18/ These expenditures of the Army and its subordinated agencies, and included in Table 3 under "Other": nondisbursements on account of "Miscellaneous".
19/ Figures include certain expenditures on behalf of the Department of the Air Force (see footnote 17).
20/ Department of the Navy expenditures, excluding those included elsewhere in Table 3 and those for international finance and aid shown in Table 4.
21/ Not classified separately prior to 1947.
12/ Through 1947 includes "war and 'national defense' expenditure of various departments and agencies, including the Reconstruction Finance Corporation; expenditures of the War Production Board; and the National Defense Administration, the Selective Service System, and the National Advisory Committee for Aeronautics (1947 only). After 1947 consists of: (a) Expenditures of the Department of the Treasury, Administration in liquidation, through 1949; Selective Service System; National Advisory Committee for Aeronautics; and certain small Defense Department items. (b) War and 'national defense' expenditure of the Security Act and the preceding Economic Cooperation Act of 1948, as amended. 
24/ Under the Financial Agreement of December 5, 1945, First repayment became due in 1946, and the amounts of the loans were made of $48 million principal and $75 million interest. Payments on December 31, 1952, were $45 million principal and $74 million interest. 
31/ Act of October 10, 1951 (54 Stat. 373). 
47/ Prior to July 1951, consists of expenditures under the Economic Cooperation Act. 
52/ Prior to July 1951, consists of expenditures for mutual defense assistance. Includes principally relief to countries devastated by war, various other forms of foreign economic assistance, loans to private enterprises, and loan for construction and furnishing of United Nations Headquarters. 
26/ Department of Agriculture expenditures, excluding those included in Table 19, includes those for forest roads and trails, included in Table 5 under "Public works". 
27/ Department of Commerce expenditures, excluding those included in Tables 3 and 4, includes those for the Bureau of Public Roads and Public Works; includes U. S. Maritime Commission for eleven months of 1950, until it was abolished and its functions were transferred into the Department of Commerce. 
28/ Housing and Home Finance Agency expenditure, excluding those in Table 3; beginning September 1950, includes Federal National Mortgage Association and Federal Housing Administration. 
29/ Reconstruction Finance Corporation by Reorganization Plans Nos. 22 and 23. 
30/ Consists of expenditures for the following: Bureau of Reclamation; Tennessee Valley Authority; river and harbor works and flood control under the Department of the Interior; Bureau of Public Works under the Department of Commerce, except assistance to Greece and Turkey; forest roads and trails under the Department of Agriculture; public buildings under General Services Administration; and other expenditures of the Federal Works Agency. 1950, Bureau of Community Facilities in the Federal Works Agency until the Bureau was abolished; and other Federal Works Agency expenditures except those in Table 3 under "Public works". 
31/ Excludes "war" and "national defense" expenditures, included in Table 3 through 1947. See also footnote 25. 
32/ Includes expenditures for executive departments and other agencies not included elsewhere and for legislative and judicial functions. 
* Less than $500,000.
September 1955
5
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 or 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>1946</td><td>-584</td><td>3,238</td><td>7,712</td><td>4,474</td><td>3,668</td><td>160</td><td>-66</td></tr><tr><td>1947</td><td>-1,103</td><td>8,619</td><td>6,484</td><td>3,625</td><td>3,362</td><td>387</td><td>-58</td></tr><tr><td>1948</td><td>-204</td><td>2,628</td><td>6,212 3/</td><td>3,807</td><td>3,060</td><td>16</td><td>123</td></tr><tr><td>1949</td><td>-495</td><td>1,890</td><td>5,734</td><td>3,884 3/</td><td>2,311</td><td>46</td><td>28</td></tr><tr><td>1950</td><td>99</td><td>-281</td><td>6,669</td><td>6,990</td><td>-402</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>3,297</td><td>-10</td><td>-374</td></tr><tr><td>1952</td><td>147</td><td>3,803</td><td>8,807</td><td>4,992</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>1953-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>574</td><td>920</td><td>346</td><td>170</td><td>-2</td><td>134</td></tr><tr><td>March</td><td>-297</td><td>-103</td><td>649</td><td>758</td><td>100</td><td>-1</td><td>-11</td></tr><tr><td>April</td><td>-207</td><td>-45</td><td>943</td><td>488</td><td>112</td><td>-1</td><td>51</td></tr><tr><td>May</td><td>416</td><td>831</td><td>1,047</td><td>217</td><td>433</td><td>*</td><td>-38</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><tr><td>July</td><td>-234</td><td>-199</td><td>489</td><td>689</td><td>61</td><td>-11</td><td>-15</td></tr></table>
Source: Daily Treasury Statement.
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.
3/ 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.
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>Retired Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employee retirement fund $</th><th>Other trust funds and accounts $</th></tr><tr><td>1986</td><td>7,712</td><td>1,386</td><td>312</td><td>1,280</td><td>2,351</td><td>103</td><td>614</td><td>1,666</td></tr><tr><td>1987</td><td>6,084</td><td>1,683</td><td>383</td><td>1,289</td><td>1,504</td><td>134</td><td>978</td><td>798</td></tr><tr><td>1988</td><td>6,515 1/</td><td>1,807</td><td>797</td><td>1,313</td><td>740</td><td>90</td><td>594</td><td>1,176 3/</td></tr><tr><td>1989</td><td>5,724</td><td>1,984</td><td>625</td><td>1,173</td><td>690</td><td>92</td><td>680</td><td>529</td></tr><tr><td>1990</td><td>6,649</td><td>2,367</td><td>645</td><td>1,281</td><td>1,076</td><td>87</td><td>809</td><td>401</td></tr><tr><td>1991</td><td>7,796</td><td>3,411</td><td>678</td><td>1,942</td><td>694</td><td>86</td><td>890</td><td>545</td></tr><tr><td>1992</td><td>8,807</td><td>3,938</td><td>890</td><td>1,643</td><td>786</td><td>87</td><td>912</td><td>597</td></tr><tr><td>1993</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>601</td></tr><tr><td>1993-February</td><td>286</td><td>118</td><td>14</td><td>28</td><td>41</td><td>4</td><td>44</td><td>37</td></tr><tr><td>February</td><td>980</td><td>430</td><td>91</td><td>213</td><td>114</td><td>3</td><td>26</td><td>51</td></tr><tr><td>March</td><td>669</td><td>340</td><td>73</td><td>28</td><td>82</td><td>3</td><td>36</td><td>26</td></tr><tr><td>April</td><td>443</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>529</td><td>92</td><td>332</td><td>34</td><td>3</td><td>34</td><td>27</td></tr><tr><td>June</td><td>1,336</td><td>593</td><td>135</td><td>106</td><td>193</td><td>47</td><td>245</td><td>19</td></tr><tr><td>July</td><td>489</td><td>214</td><td>48</td><td>65</td><td>36</td><td>5</td><td>38</td><td>29</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, island possessions, increment resulting from reduction in the weight of the gold dollar, and through June 1950
3/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
6
Treasury Bulletin
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 employee retirement funds 1/</th><th>Other trust funds and accounts 2/ 3/</th><th>Deposit fund accounts (net) 3/</th></tr><tr><td>1946</td><td>1,474</td><td>358</td><td>122</td><td>1,116</td><td>280</td><td>50</td><td>267</td><td>1,374</td><td>647</td></tr><tr><td>1947</td><td>3,629</td><td>466</td><td>173</td><td>369</td><td>282</td><td>67</td><td>323</td><td>1,073</td><td>372</td></tr><tr><td>1948</td><td>3,897</td><td>559</td><td>222</td><td>859</td><td>302</td><td>70</td><td>284</td><td>1,238</td><td>367</td></tr><tr><td>1949</td><td>3,864 1/</td><td>561</td><td>278</td><td>1,334</td><td>348</td><td>61</td><td>222</td><td>286 1/</td><td>414</td></tr><tr><td>1950</td><td>6,950</td><td>734</td><td>304</td><td>2,025</td><td>2,985</td><td>114</td><td>268</td><td>370</td><td>96</td></tr><tr><td>1951</td><td>3,945</td><td>1,569</td><td>321</td><td>900</td><td>514</td><td>77</td><td>271</td><td>387</td><td>-194</td></tr><tr><td>1952</td><td>4,952</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>-346 2/</td></tr><tr><td>1953</td><td>5,169</td><td>2,730</td><td>465</td><td>1,010</td><td>588</td><td>82</td><td>353</td><td>441</td><td>-529</td></tr><tr><td>1953 January</td><td>296</td><td>230</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>237</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>287</td><td>39</td><td>110</td><td>73</td><td>7</td><td>38</td><td>35</td><td>234</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>237</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>537</td><td>264</td><td>41</td><td>78</td><td>50</td><td>9</td><td>34</td><td>48</td><td>13</td></tr><tr><td>July</td><td>629</td><td>261</td><td>40</td><td>75</td><td>48</td><td>11</td><td>34</td><td>28</td><td>131</td></tr></table>
Source: Daily Treasury Statement. 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). 
4/ 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>Fiscal year or month</th><th>Total</th><th>Total trust accounts, 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 §/</th><th>Other trust funds and accounts 3/</th><th>Government corporations and agencies 3/</th></tr><tr><td>1946</td><td>3,668</td><td>3,668</td><td>1,002</td><td>196</td><td>102</td><td>2,053</td><td>47</td><td>309</td><td>-2</td><td>-</td></tr><tr><td>1947</td><td>3,362</td><td>3,362</td><td>1,194</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>1,134</td><td>569</td><td>446</td><td>661</td><td>32</td><td>353</td><td>-6</td><td>-</td></tr><tr><td>1949</td><td>5,311</td><td>5,311</td><td>1,294</td><td>346</td><td>260</td><td>233</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>3,257</td><td>3,359</td><td>1,678</td><td>377</td><td>650</td><td>94</td><td>8</td><td>573</td><td>9</td><td>187</td></tr><tr><td>1952</td><td>3,636</td><td>3,355</td><td>1,950</td><td>449</td><td>583</td><td>285</td><td>1</td><td>604</td><td>-6</td><td>231</td></tr><tr><td>1953</td><td>3,301</td><td>3,068</td><td>1,245</td><td>280</td><td>590</td><td>29</td><td>-2</td><td>588</td><td>9</td><td>232</td></tr><tr><td>1953-January</td><td>230</td><td>-110</td><td>12</td><td>-25</td><td>-89</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>31</td><td>53</td><td>121</td><td>15</td><td>-2</td><td>6</td><td>*</td><td>34</td></tr><tr><td>March</td><td>100</td><td>61</td><td>241</td><td>15</td><td>-89</td><td>-10</td><td>-3</td><td>1</td><td>*</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>16</td><td>-33</td></tr><tr><td>May</td><td>453</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>755</td><td>840</td><td>396</td><td>95</td><td>23</td><td>120</td><td>36</td><td>213</td><td>-3</td><td>-104</td></tr><tr><td>July</td><td>61</td><td>80</td><td>87</td><td>7</td><td>-3</td><td>-</td><td>-4</td><td>4</td><td>-10</td><td>-19</td></tr></table>
Source: Daily Treasury Statement.
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
4/ 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.
7
September 1955
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 borrowing, or repayment of borrowing (-)</th><th rowspan="2">Increase, or decrease (-), in general fund balance</th><th rowspan="2">Receivables Net receipts from exercise of monetary authority 2/</th></tr><tr><th>Cash budget receipts</th><th>Cash trust account receipts</th><th>Total</th><th>Cash budget expenditure</th><th>Cash trust account expenditures</th><th>Exchange Stabilization Fund 1/</th><th>Cleaning account for outstanding checks, etc.</th><th>Total</th></tr><tr><td>1946</td><td>38,902</td><td>4,937</td><td>43,839</td><td>57,428</td><td>4,316</td><td>-</td><td>-</td><td>61,738</td><td>-17,899</td><td>7,439</td><td>-10,460</td><td>308</td></tr><tr><td>1947</td><td>39,884</td><td>3,707</td><td>43,591</td><td>33,390</td><td>3,870</td><td>1,066</td><td>-995</td><td>36,931</td><td>6,059</td><td>-19,389</td><td>-20,930 3/</td><td>60</td></tr><tr><td>1948</td><td>41,804</td><td>3,959</td><td>45,800</td><td>38,482</td><td>2,944</td><td>563</td><td>507</td><td>36,436</td><td>8,903</td><td>-7,880</td><td>1,628</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>1,021</td><td>-2,513</td><td>-1,468</td><td>46</td></tr><tr><td>1950</td><td>36,925</td><td>4,046</td><td>40,970</td><td>36,977</td><td>6,386</td><td>-207</td><td>-483</td><td>43,125</td><td>-2,195</td><td>4,231</td><td>2,047</td><td>23</td></tr><tr><td>1951</td><td>47,887</td><td>5,592</td><td>53,439</td><td>41,795</td><td>3,807</td><td>-13</td><td>234</td><td>45,804</td><td>7,635</td><td>-5,795</td><td>1,819</td><td>43</td></tr><tr><td>1952</td><td>61,991</td><td>6,102</td><td>68,093</td><td>68,999</td><td>4,947</td><td>9</td><td>402</td><td>67,956</td><td>337</td><td>-525</td><td>-388</td><td>68</td></tr><tr><td>1953</td><td>65,008</td><td>6,336</td><td>71,344</td><td>71,139</td><td>5,318</td><td>-28</td><td>318</td><td>76,561</td><td>-5,217</td><td>2,918</td><td>-2,899</td><td>56</td></tr><tr><td>1954 (Est.)</td><td>68,096</td><td>7,071</td><td>75,167</td><td>69,047</td><td>6,258</td><td>-</td><td>-99</td><td>75,946</td><td>-380</td><td>1,709</td><td>1,330</td><td>75</td></tr><tr><td>1953-January</td><td>5,018</td><td>282</td><td>5,293</td><td>5,552</td><td>287</td><td>-</td><td>-401</td><td>5,442</td><td>-203</td><td>-173</td><td>-376</td><td>4</td></tr><tr><td>February</td><td>5,475</td><td>798</td><td>6,267</td><td>5,427</td><td>344</td><td>-19</td><td>2</td><td>5,754</td><td>513</td><td>-178</td><td>335</td><td>2</td></tr><tr><td>March</td><td>10,499</td><td>543</td><td>11,042</td><td>6,059</td><td>757</td><td>19</td><td>135</td><td>6,970</td><td>4,078</td><td>-3,188</td><td>886</td><td>3</td></tr><tr><td>April</td><td>8,846</td><td>368</td><td>9,214</td><td>6,281</td><td>491</td><td>-</td><td>-289</td><td>6,443</td><td>-3,289</td><td>-97</td><td>-3,385</td><td>8</td></tr><tr><td>May</td><td>4,375</td><td>918</td><td>5,294</td><td>6,043</td><td>215</td><td>-44</td><td>403</td><td>6,662</td><td>3,368</td><td>1,428</td><td>97</td><td>6</td></tr><tr><td>June</td><td>9,696</td><td>490</td><td>10,189</td><td>7,011</td><td>548</td><td>-</td><td>373</td><td>7,932</td><td>2,253</td><td>-1,222</td><td>1,038</td><td>5</td></tr><tr><td>July</td><td>3,277</td><td>338</td><td>3,615</td><td>5,839</td><td>627</td><td>-</td><td>-466</td><td>6,001</td><td>-2,386</td><td>6,456</td><td>4,071</td><td>3</td></tr></table>
Source: Actual figures based on Daily Treasury Statement; estimates based on "Review of 1954 Budget" released August 27, 1953. 1/ 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 eigniorage on silver and increment resulting from re-
duction in weight of the gold dollar. This item is part of the cash budget receipts shown in these tables, but is excluded from the budget figures for "Receipts from the public".
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.
Table 2.- Derivation of Cash Budget Receipts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net budget receipts £/</th><th>Plus: Noncash items deducted from budget receipts - excess profits tax refund loans £/</th><th>Total</th><th colspan="3">Less: Noncash budget receipts</th><th>Reimbursement for administrative expenses £/</th><th>Equals: Cash budget receipts</th></tr><tr><th></th><th></th><th></th><th></th><th colspan="2">Interest</th><th>Repayment of capital stock and paid-in surplus £/</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>R. P. C.</th><th>Other</th><th></th><th></th><th></th></tr><tr><td>1946</td><td>40,027</td><td>-270</td><td>125</td><td>90</td><td>27</td><td>-</td><td>37</td><td>38,902</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>42,211</td><td>-10</td><td>356</td><td>89</td><td>23</td><td>270</td><td>14</td><td>41,504</td></tr><tr><td>1949</td><td>35,206</td><td>-1</td><td>96</td><td>1</td><td>34</td><td>38</td><td>84</td><td>35,193</td></tr><tr><td>1950</td><td>37,045</td><td>-1</td><td>113</td><td>17</td><td>57</td><td>27</td><td>17</td><td>36,925</td></tr><tr><td>1951</td><td>48,133</td><td>-1</td><td>225</td><td>20</td><td>149</td><td>65</td><td>21</td><td>47,887</td></tr><tr><td>1952</td><td>62,129</td><td>-1</td><td>131</td><td>5</td><td>95</td><td>10</td><td>26</td><td>63,121</td></tr><tr><td>1953</td><td>65,218</td><td>-</td><td>210</td><td>1</td><td>160</td><td>-</td><td>66</td><td>65,008</td></tr><tr><td>1954 (Est.)</td><td>68,305</td><td>*</td><td>209</td><td>4</td><td>172</td><td>-</td><td>34</td><td>68,096</td></tr><tr><td>1953-January</td><td>5,061</td><td>*</td><td>43</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>5,475</td></tr><tr><td>March</td><td>10,592</td><td>*</td><td>8</td><td>*</td><td>*</td><td>-</td><td>2</td><td>10,592</td></tr><tr><td>April</td><td>2,849</td><td>*</td><td>3</td><td>*</td><td>1</td><td>-</td><td>2</td><td>2,846</td></tr><tr><td>May</td><td>4,380</td><td>*</td><td>1</td><td>*</td><td>2</td><td>-</td><td>2</td><td>4,379</td></tr><tr><td>June</td><td>9,764</td><td>*</td><td>49</td><td>*</td><td>45</td><td>-</td><td>3</td><td>9,696</td></tr><tr><td>July</td><td>3,308</td><td>*</td><td>31</td><td>1</td><td>28</td><td>-</td><td>2</td><td>3,277</td></tr></table>
For further detail, see "Budget Receipts and Expenditures", Table 1. 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 (-).
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 Administra-tion Fund and reimbursement by the District of Columbia. Less than $500,000.
Treasury Bulletin
TREASURY CASH INCOME AND OUTGO
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 expenditures $1</th><th colspan="3">Interest payments by Treasury</th><th rowspan="2">Transfers to trust accounts</th><th rowspan="2">Payroll deductions for Government employee's 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">Equalization Cash budget expenditures</th></tr><tr><th>Total</th><th>On savings bonds and Treasury bills $1</th><th>To Government corporation notes and bonds not wholly owned $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>1946</td><td>60,703</td><td>3,281</td><td>435</td><td>22</td><td>567</td><td>1,327</td><td>281</td><td>-</td><td>-</td><td>-</td><td>118</td><td>15</td><td>57,422</td></tr><tr><td>1947</td><td>39,289</td><td>6,099</td><td>467</td><td>25</td><td>846</td><td>1,361</td><td>299</td><td>1,986</td><td>-26</td><td>1,366</td><td>105</td><td>31</td><td>33,190</td></tr><tr><td>1948</td><td>33,731</td><td>1,309</td><td>559</td><td>34</td><td>746</td><td>1,178</td><td>336</td><td>-1,221</td><td>-4</td><td>-350</td><td>112</td><td>30</td><td>32,482</td></tr><tr><td>1949</td><td>40,097</td><td>2,940</td><td>550</td><td>29</td><td>841</td><td>916</td><td>387</td><td>-456</td><td>-2</td><td>-25</td><td>13</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>338</td><td>-59</td><td>-2</td><td>-41</td><td>73</td><td>28</td><td>35,977</td></tr><tr><td>1951</td><td>44,633</td><td>2,837</td><td>638</td><td>31</td><td>896</td><td>972</td><td>378</td><td>-160</td><td>-1</td><td>-</td><td>87</td><td>-</td><td>41,795</td></tr><tr><td>1952</td><td>66,145</td><td>3,546</td><td>779</td><td>34</td><td>987</td><td>1,305</td><td>411</td><td>-68</td><td>-1</td><td>-</td><td>100</td><td>-</td><td>62,599</td></tr><tr><td>1953</td><td>76,507</td><td>3,469</td><td>723</td><td>37</td><td>1,094</td><td>1,079</td><td>420</td><td>-24</td><td>-1</td><td>-</td><td>114</td><td>-</td><td>71,139</td></tr><tr><td>1954 (Est.)</td><td>72,116</td><td>3,069</td><td>500</td><td>39</td><td>1,137</td><td>817</td><td>421</td><td>-20</td><td>*</td><td>-</td><td>175</td><td>-</td><td>69,047</td></tr><tr><td>1955-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>5,555</td><td>168</td><td>40</td><td>*</td><td>2</td><td>101</td><td>25</td><td>-2</td><td>*</td><td>-</td><td>1</td><td>-</td><td>5,427</td></tr><tr><td>Mar.</td><td>6,187</td><td>128</td><td>23</td><td>1</td><td>13</td><td>58</td><td>35</td><td>-2</td><td>*</td><td>-</td><td>*</td><td>-</td><td>6,099</td></tr><tr><td>Apr.</td><td>6,362</td><td>123</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>6,381</td></tr><tr><td>May</td><td>6,241</td><td>278</td><td>48</td><td>*</td><td>4</td><td>38</td><td>33</td><td>-1</td><td>*</td><td>-</td><td>2</td><td>-</td><td>6,043</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><tr><td>July</td><td>6,068</td><td>288</td><td>109</td><td>-</td><td>*</td><td>53</td><td>38</td><td>-1</td><td>*</td><td>-</td><td>29</td><td>-</td><td>5,839</td></tr></table>
Source: See Table 1. 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 her
cause they are treated as negative expenditures when received by corporations.
b/ Treated as noncash expenditures at the time of issuance and as cash expenditure at the time of redemption; net issuance, or redemption (-).
* Less than $500,000.
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">Lease: Noncash receipts</th><th rowspan="2">Equals: Cash trust account receipts</th><th colspan="4">Lease: Noncash expenditures</th><th rowspan="2">Equals: Cash trust account expenditures</th></tr><tr><th>Total trust account receipts</th><th>Total noncash receipts</th><th>Interest on investments in Federal securities</th><th>Transfers shown on budget appropriation</th><th>Payroll deductions for Government employee retirement</th><th>Other 1/</th><th>Total trust account expenditures</th><th>Net investments in Federal securities</th><th>By trust funds and accounts</th><th>By Government agencies 2/</th><th>Other 3/</th></tr><tr><td>1966</td><td>7,712</td><td>2,775</td><td>567</td><td>1,927</td><td>831</td><td>-</td><td>4,337</td><td>5,236</td><td>3,668</td><td>141</td><td>110</td><td>4,315</td></tr><tr><td>1967</td><td>6,244</td><td>2,913</td><td>616</td><td>1,361</td><td>299</td><td>271</td><td>3,707</td><td>7,347</td><td>4,796</td><td>3,365</td><td>147</td><td>3,270</td></tr><tr><td>1968</td><td>6,515</td><td>2,920</td><td>746</td><td>1,178</td><td>236</td><td>760</td><td>3,299</td><td>6,810</td><td>3,955</td><td>3,060</td><td>-99</td><td>2,984</td></tr><tr><td>1969</td><td>7,715</td><td>2,932</td><td>841</td><td>916</td><td>347</td><td>148</td><td>3,148</td><td>6,209</td><td>2,881</td><td>2,111</td><td>313</td><td>3,328</td></tr><tr><td>1970</td><td>7,659</td><td>3,633</td><td>882</td><td>1,335</td><td>353</td><td>2</td><td>3,246</td><td>6,970</td><td>-298</td><td>-405</td><td>69</td><td>3,863</td></tr><tr><td>1971</td><td>7,736</td><td>2,684</td><td>892</td><td>972</td><td>378</td><td>2</td><td>5,758</td><td>7,117</td><td>3,310</td><td>3,359</td><td>187</td><td>3,807</td></tr><tr><td>1972</td><td>8,807</td><td>2,705</td><td>987</td><td>1,305</td><td>111</td><td>3</td><td>6,102</td><td>8,660</td><td>3,733</td><td>3,355</td><td>281</td><td>4,947</td></tr><tr><td>1973</td><td>8,922</td><td>2,995</td><td>1,094</td><td>1,079</td><td>420</td><td>2</td><td>6,336</td><td>8,495</td><td>3,357</td><td>3,068</td><td>238</td><td>5,138</td></tr><tr><td>1974 (Bef.)</td><td>9,448</td><td>2,377</td><td>1,137</td><td>817</td><td>421</td><td>2</td><td>7,071</td><td>9,395</td><td>2,837</td><td>2,800</td><td>158</td><td>-115</td><td>6,558</td></tr><tr><td>1975-Jan.</td><td>286</td><td>65</td><td>2</td><td>20</td><td>13</td><td>-</td><td>281</td><td>397</td><td>109</td><td>-112</td><td>282</td><td>-21</td><td>289</td></tr><tr><td>Feb.</td><td>300</td><td>126</td><td>3</td><td>101</td><td>25</td><td>-</td><td>792</td><td>648</td><td>304</td><td>223</td><td>-94</td><td>135</td><td>364</td></tr><tr><td>Mar.</td><td>649</td><td>106</td><td>13</td><td>93</td><td>33</td><td>-</td><td>543</td><td>846</td><td>89</td><td>61</td><td>33</td><td>-111</td><td>757</td></tr><tr><td>Apr.</td><td>443</td><td>75</td><td>88</td><td>13</td><td>35</td><td>-</td><td>368</td><td>690</td><td>159</td><td>184</td><td>-33</td><td>47</td><td>691</td></tr><tr><td>May</td><td>1,047</td><td>129</td><td>4</td><td>92</td><td>33</td><td>-</td><td>918</td><td>632</td><td>417</td><td>411</td><td>42</td><td>-37</td><td>212</td></tr><tr><td>June</td><td>1,338</td><td>968</td><td>753</td><td>59</td><td>36</td><td>-</td><td>490</td><td>1,280</td><td>693</td><td>860</td><td>-104</td><td>-43</td><td>568</td></tr><tr><td>July</td><td>429</td><td>91</td><td>9</td><td>53</td><td>38</td><td>-</td><td>338</td><td>654</td><td>37</td><td>80</td><td>-19</td><td>-24</td><td>627</td></tr></table>
Source: See Table 1.
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 $53 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.
b/ Includes proceeds of ship sales (see footnote 1); District of Columbia contribution for employee 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.
9
September 1953
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="9">Lease: Noncash debt transactions</th><th rowspan="2">Plan: Cash issuance of non- guaranteed securities of Federal agencies</th><th rowspan="2">Equals: Net cash borrowing, or repayment 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>Issuance of Federal securities resulting from budget expenditures, etc., or refunds of receipts</th><th>Notes for International loan and Fund</th><th>Excess profits tax refund</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>1946....</td><td>10,760</td><td>43</td><td>10,783</td><td>3,409</td><td>3,668</td><td>159</td><td>-</td><td>-0.6</td><td>2,110</td><td>-970</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>-11,253</td><td>1,992</td><td>3,366</td><td>178</td><td>1,793</td><td>-8</td><td>2,110</td><td>-39</td><td>467</td><td>-</td><td>38</td><td>-19,359</td></tr><tr><td>1948....</td><td>-5,994</td><td>-15</td><td>-6,010</td><td>1,334</td><td>3,060</td><td>-69</td><td>-1,829</td><td>-4</td><td>-913</td><td>-10</td><td>595</td><td>-</td><td>123</td><td>-7,230</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>-123</td><td>-4</td><td>580</td><td>-</td><td>-28</td><td>-2,513</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>974</td><td>-</td><td>-14</td><td>4,311</td></tr><tr><td>1951....</td><td>-2,135</td><td>10</td><td>-2,126</td><td>1,045</td><td>3,369</td><td>187</td><td>-160</td><td>-1</td><td>13</td><td>-1</td><td>638</td><td>-</td><td>374</td><td>-5,755</td></tr><tr><td>1952....</td><td>3,883</td><td>16</td><td>3,900</td><td>1,336</td><td>3,329</td><td>281</td><td>-68</td><td>-1</td><td>-1</td><td>-1</td><td>779</td><td>-</td><td>-88</td><td>-525</td></tr><tr><td>1953....</td><td>6,966</td><td>7</td><td>6,972</td><td>4,983</td><td>3,969</td><td>235</td><td>-94</td><td>-1</td><td>28</td><td>-</td><td>799</td><td>-</td><td>-32</td><td>2,918</td></tr><tr><td>1956 (Est.)</td><td>5,029</td><td>-29</td><td>5,004</td><td>3,432</td><td>2,800</td><td>152</td><td>-20</td><td>-</td><td>-</td><td>-</td><td>500</td><td>-</td><td>137</td><td>1,709</td></tr><tr><td>1953-Jan.</td><td>11</td><td>-6</td><td>5</td><td>212</td><td>-112</td><td>242</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>35</td><td>-173</td></tr><tr><td>Feb.</td><td>138</td><td>2</td><td>184</td><td>227</td><td>223</td><td>-94</td><td>-2</td><td>-</td><td>19</td><td>-</td><td>10</td><td>-</td><td>-134</td><td>-178</td></tr><tr><td>Mar....</td><td>-3,099</td><td>1</td><td>-3,098</td><td>101</td><td>61</td><td>38</td><td>-2</td><td>-</td><td>-19</td><td>-</td><td>23</td><td>-</td><td>11</td><td>-3,188</td></tr><tr><td>Apr....</td><td>105</td><td>1</td><td>106</td><td>152</td><td>144</td><td>-33</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>1,390</td><td>-</td><td>1,390</td><td>244</td><td>411</td><td>82</td><td>-1</td><td>-</td><td>14</td><td>-</td><td>88</td><td>-</td><td>38</td><td>-1,425</td></tr><tr><td>June....</td><td>449</td><td>-</td><td>449</td><td>805</td><td>240</td><td>-104</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>71</td><td>-</td><td>13</td><td>-1,022</td></tr><tr><td>July....</td><td>6,598</td><td>11</td><td>6,609</td><td>169</td><td>80</td><td>-19</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>109</td><td>-</td><td>15</td><td>6,456</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; net issuance, or redemption (-). See Table 3, footnote 2. Includes borrowing through Postal Savings System. Less than $500,000.
Treasury Bulletin
DEBT OUTSTANDING AND GENERAL FUND
10
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Total outstanding</th><th colspan="3">Interest-bearing debt</th><th colspan="5">Matured debt and debt bearing no interest</th><th rowspan="2">Guaranteed securities 1/(matured)</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>Total</th><th>Monetary fund 2/</th><th>Other</th></tr><tr><td>1946</td><td>269,998</td><td>269,423</td><td>476</td><td>268,278</td><td>268,111</td><td>467</td><td>1,321</td><td>1,311</td><td>376</td><td>-</td><td>935</td><td>10</td></tr><tr><td>1947</td><td>298,376</td><td>298,286</td><td>90</td><td>255,197</td><td>255,113</td><td>83</td><td>3,179</td><td>3,173</td><td>231</td><td>1,728</td><td>1,218</td><td>6</td></tr><tr><td>1948</td><td>292,366</td><td>292,292</td><td>73</td><td>250,128</td><td>250,061</td><td>69</td><td>2,024</td><td>2,029</td><td>280</td><td>1,161</td><td>788</td><td>5</td></tr><tr><td>1949</td><td>292,798</td><td>292,770</td><td>27</td><td>250,795</td><td>250,768</td><td>28</td><td>2,032</td><td>2,009</td><td>285</td><td>1,063</td><td>701</td><td>3</td></tr><tr><td>1950</td><td>257,377</td><td>257,377</td><td>20</td><td>255,226</td><td>255,209</td><td>17</td><td>2,150</td><td>2,148</td><td>265</td><td>1,270</td><td>613</td><td>2</td></tr><tr><td>1951</td><td>255,251</td><td>255,222</td><td>29</td><td>292,879</td><td>292,892</td><td>27</td><td>2,372</td><td>2,370</td><td>512</td><td>1,283</td><td>575</td><td>2</td></tr><tr><td>1952</td><td>259,151</td><td>259,105</td><td>46</td><td>256,907</td><td>256,853</td><td>54</td><td>2,084</td><td>2,082</td><td>419</td><td>1,278</td><td>590</td><td>1</td></tr><tr><td>1953</td><td>266,123</td><td>265,071</td><td>58</td><td>263,997</td><td>263,946</td><td>51</td><td>2,126</td><td>2,125</td><td>298</td><td>1,302</td><td>525</td><td>1</td></tr><tr><td colspan="14">Debt peak:</td></tr><tr><td>Feb. 1946</td><td>279,774</td><td>279,214</td><td>551</td><td>278,451</td><td>277,912</td><td>539</td><td>1,313</td><td>1,301</td><td>238</td><td>-</td><td>1,063</td><td>12</td></tr><tr><td>1952-December</td><td>267,145</td><td>267,391</td><td>94</td><td>265,346</td><td>265,293</td><td>53</td><td>2,100</td><td>2,098</td><td>304</td><td>1,258</td><td>536</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>2,090</td><td>2,079</td><td>286</td><td>1,258</td><td>535</td><td>1</td></tr><tr><td>February</td><td>267,631</td><td>267,594</td><td>37</td><td>265,318</td><td>265,489</td><td>49</td><td>2,096</td><td>2,094</td><td>288</td><td>1,277</td><td>533</td><td>1</td></tr><tr><td>March</td><td>266,536</td><td>264,49</td><td>51</td><td>262,430</td><td>262,380</td><td>50</td><td>2,106</td><td>2,105</td><td>316</td><td>1,258</td><td>531</td><td>1</td></tr><tr><td>April</td><td>264,682</td><td>264,590</td><td>58</td><td>262,601</td><td>262,550</td><td>51</td><td>2,041</td><td>2,040</td><td>252</td><td>1,258</td><td>529</td><td>1</td></tr><tr><td>May</td><td>266,572</td><td>266,520</td><td>52</td><td>264,496</td><td>264,443</td><td>51</td><td>2,076</td><td>2,075</td><td>246</td><td>1,302</td><td>527</td><td>1</td></tr><tr><td>June</td><td>266,123</td><td>266,071</td><td>58</td><td>263,997</td><td>263,946</td><td>51</td><td>2,126</td><td>2,125</td><td>298</td><td>1,302</td><td>525</td><td>1</td></tr><tr><td>July</td><td>272,732</td><td>272,669</td><td>63</td><td>270,665</td><td>270,603</td><td>62</td><td>2,067</td><td>2,066</td><td>243</td><td>1,302</td><td>521</td><td>1</td></tr></table>
Source: Daily Treasury Statement.
1/ Excludes guaranteed securities held by the Treasury. For current-month detail by issues, see "Treasury Survey of Ownership".
2/ Special notes of the United States issued to the International Monetary Fund in payment of part of the United States subscription pursuant to provisions of the Bretton Woods Agreements Act.
notes bear no interest, are nonnegotiable, and are payable on demand. Similar notes issued to the International Bank and outstanding 1947-1949 are included under "Other". 3/ Includes savings stamps, excess profits tax refund bonds, currency items, and notes issued to the International Bank (see footnote 2). For current-month detail, see "Statutory Debt Limitation", Table 2.
Table 2.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="10">Public issues</th><th colspan="3">Special issues</th></tr><tr><th>Total interest-bearing public debt</th><th>Total public issues</th><th>Total</th><th>Bill</th><th>Certificates</th><th>Notes</th><th>Treasury bonds</th><th>Treasury bonds</th><th>Other bonds</th><th>Total</th><th>U. S. savings bonds</th><th>Treasury earnings notes</th><th>Armed forces leave bonds</th><th>Treasury bonds, investment certificates</th><th>Other 3/4</th></tr><tr><td>1946</td><td>268,113</td><td>245,779</td><td>189,606</td><td>17,039</td><td>34,804</td><td>18,261</td><td>65,864</td><td>53,499</td><td>180</td><td>56,473</td><td>19,035</td><td>6,711</td><td>-</td><td>427</td><td>82,332</td></tr><tr><td>1947</td><td>255,113</td><td>227,747</td><td>165,702</td><td>15,775</td><td>25,396</td><td>8,242</td><td>69,636</td><td>49,636</td><td>166</td><td>59,045</td><td>31,357</td><td>5,550</td><td>1,793</td><td>325</td><td>21,366</td></tr><tr><td>1948</td><td>250,065</td><td>213,892</td><td>160,346</td><td>13,737</td><td>22,988</td><td>11,375</td><td>62,826</td><td>49,636</td><td>164</td><td>59,506</td><td>31,578</td><td>4,398</td><td>563</td><td>316</td><td>30,211</td></tr><tr><td>1949</td><td>250,762</td><td>211,985</td><td>125,147</td><td>11,536</td><td>29,427</td><td>3,596</td><td>60,789</td><td>49,636</td><td>162</td><td>62,839</td><td>26,860</td><td>4,800</td><td>396</td><td>954</td><td>32,776</td></tr><tr><td>1950</td><td>255,309</td><td>228,953</td><td>125,310</td><td>13,513</td><td>18,418</td><td>20,404</td><td>53,159</td><td>49,636</td><td>160</td><td>67,344</td><td>27,236</td><td>8,472</td><td>297</td><td>954</td><td>32,356</td></tr><tr><td>1951</td><td>236,952</td><td>218,108</td><td>121,917</td><td>13,614</td><td>9,509</td><td>35,806</td><td>42,772</td><td>36,061</td><td>126</td><td>50,281</td><td>27,272</td><td>7,818</td><td>47</td><td>14,265</td><td>319</td><td>34,653</td></tr><tr><td>1952</td><td>256,063</td><td>219,125</td><td>130,407</td><td>17,212</td><td>28,423</td><td>13,921</td><td>43,600</td><td>27,460</td><td>130</td><td>75,717</td><td>27,695</td><td>6,632</td><td>-</td><td>14,040</td><td>373</td><td>37,739</td></tr><tr><td>1953</td><td>263,946</td><td>223,408</td><td>147,335</td><td>19,707</td><td>15,854</td><td>30,425</td><td>63,980</td><td>17,285</td><td>124</td><td>76,073</td><td>27,886</td><td>4,453</td><td>-</td><td>13,288</td><td>447</td><td>40,538</td></tr><tr><td>Debt peaks</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>8,043</td><td>-</td><td>471</td><td>20,897</td></tr><tr><td>Feb. 1946</td><td>277,912</td><td>257,016</td><td>199,810</td><td>17,012</td><td>41,413</td><td>19,551</td><td>68,207</td><td>53,427</td><td>180</td><td>57,205</td><td>48,692</td><td>8,043</td><td>-</td><td>471</td><td>20,897</td></tr><tr><td>1952-Dec.</td><td>265,293</td><td>225,143</td><td>148,501</td><td>21,713</td><td>16,712</td><td>30,266</td><td>58,740</td><td>21,016</td><td>134</td><td>77,562</td><td>27,340</td><td>5,770</td><td>-</td><td>13,450</td><td>403</td><td>39,150</td></tr><tr><td>1953-Jan.</td><td>265,323</td><td>226,285</td><td>148,574</td><td>21,709</td><td>16,712</td><td>30,275</td><td>58,740</td><td>21,013</td><td>124</td><td>77,523</td><td>28,134</td><td>5,676</td><td>-</td><td>13,440</td><td>402</td><td>39,097</td></tr><tr><td>Feb.</td><td>265,489</td><td>226,137</td><td>140,447</td><td>21,710</td><td>15,958</td><td>30,285</td><td>59,399</td><td>21,012</td><td>124</td><td>77,742</td><td>28,268</td><td>5,642</td><td>-</td><td>13,413</td><td>399</td><td>39,302</td></tr><tr><td>Mar.</td><td>266,380</td><td>223,052</td><td>145,988</td><td>19,211</td><td>15,959</td><td>30,327</td><td>59,358</td><td>21,009</td><td>124</td><td>77,037</td><td>28,371</td><td>4,879</td><td>-</td><td>13,387</td><td>400</td><td>39,354</td></tr><tr><td>Apr.</td><td>268,250</td><td>223,077</td><td>146,133</td><td>19,312</td><td>15,959</td><td>30,375</td><td>63,118</td><td>17,289</td><td>124</td><td>76,944</td><td>28,413</td><td>4,798</td><td>-</td><td>13,340</td><td>393</td><td>39,474</td></tr><tr><td>May</td><td>268,445</td><td>223,433</td><td>145,204</td><td>19,211</td><td>15,959</td><td>30,411</td><td>61,672</td><td>17,288</td><td>124</td><td>76,411</td><td>27,920</td><td>4,793</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>15,854</td><td>30,425</td><td>63,980</td><td>17,285</td><td>124</td><td>76,073</td><td>27,886</td><td>4,453</td><td>-</td><td>13,288</td><td>447</td><td>40,538</td></tr><tr><td>July</td><td>270,603</td><td>230,009</td><td>153,757</td><td>20,207</td><td>21,756</td><td>30,425</td><td>63,989</td><td>17,283</td><td>107</td><td>76,252</td><td>27,871</td><td>4,706</td><td>-</td><td>13,211</td><td>444</td><td>40,204</td></tr></table>
Source: Daily Treasury Statement.
1/ 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, they were permitted to subscribe for limited investment of their savings deposits; (2) they may temporarily acquire such issues through forfeiture of collateral; (3) they may hold a limited amount of such issues for
Bank restricted bonds may be redeemed at par and accrued interest upon the death of the owner if the proceeds are used to pay Federal estate taxes. For the date when such such issue becomes bank eligible, see "Debt Operations", Table 1. Consists of postal savings and Panama Canal bonds, and also conversion bonds prior to 1947. Consists of depository bonds.
September 1955
11
DEBT OUTSTANDING AND GENERAL FUND
Table 3.- 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 loan banks</th><th>Federal Old-Age and Survivors Insurance trust fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Government employee's retirement funds</th><th>Government Life Insurance Fund</th><th>National Service Life Insurance Fund</th><th>Postal Savings System 1/2</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>Other 2/</th></tr><tr><td>1946</td><td>20,332</td><td>180</td><td>-</td><td>5,910</td><td>49</td><td>2,277</td><td>698</td><td>5,400</td><td>780</td><td>697</td><td>6,699</td><td>12</td></tr><tr><td>1947</td><td>27,356</td><td>408</td><td>-</td><td>7,104</td><td>62</td><td>2,460</td><td>1,294</td><td>6,476</td><td>1,688</td><td>806</td><td>7,142</td><td>30</td></tr><tr><td>1948</td><td>30,812</td><td>949</td><td>37</td><td>7,709</td><td>74</td><td>2,823</td><td>1,886</td><td>6,935</td><td>1,912</td><td>1,374</td><td>7,500</td><td>11</td></tr><tr><td>1949</td><td>38,776</td><td>666</td><td>117</td><td>9,003</td><td>95</td><td>3,470</td><td>1,318</td><td>7,088</td><td>1,992</td><td>1,780</td><td>7,342</td><td>7</td></tr><tr><td>1950</td><td>38,395</td><td>808</td><td>119</td><td>10,413</td><td>79</td><td>3,817</td><td>1,896</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>34,553</td><td>868</td><td>77</td><td>12,096</td><td>86</td><td>4,391</td><td>1,300</td><td>5,436</td><td>706</td><td>2,414</td><td>7,266</td><td>13</td></tr><tr><td>1952</td><td>37,739</td><td>888</td><td>50</td><td>14,047</td><td>79</td><td>5,014</td><td>1,300</td><td>5,121</td><td>592</td><td>2,863</td><td>7,785</td><td>9</td></tr><tr><td>1953</td><td>40,338</td><td>866</td><td>50</td><td>15,532</td><td>62</td><td>5,602</td><td>1,699</td><td>5,049</td><td>492</td><td>3,128</td><td>8,897</td><td>32</td></tr><tr><td>1952-December</td><td>39,120</td><td>894</td><td>44</td><td>14,734</td><td>56</td><td>5,370</td><td>1,289</td><td>5,164</td><td>580</td><td>2,980</td><td>8,123</td><td>17</td></tr><tr><td>1953-January</td><td>39,097</td><td>912</td><td>52</td><td>14,746</td><td>56</td><td>5,378</td><td>1,282</td><td>5,159</td><td>512</td><td>2,956</td><td>8,018</td><td>11</td></tr><tr><td>February</td><td>39,302</td><td>904</td><td>50</td><td>14,777</td><td>56</td><td>5,384</td><td>1,280</td><td>5,169</td><td>499</td><td>3,008</td><td>8,129</td><td>12</td></tr><tr><td>March</td><td>39,358</td><td>895</td><td>50</td><td>14,918</td><td>56</td><td>5,388</td><td>1,276</td><td>5,159</td><td>495</td><td>3,023</td><td>8,074</td><td>19</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>5,189</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>851</td><td>50</td><td>15,404</td><td>58</td><td>5,389</td><td>1,264</td><td>5,159</td><td>463</td><td>3,013</td><td>8,054</td><td>25</td></tr><tr><td>June</td><td>40,238</td><td>846</td><td>50</td><td>15,532</td><td>61</td><td>5,602</td><td>1,899</td><td>5,049</td><td>492</td><td>3,128</td><td>8,897</td><td>32</td></tr><tr><td>July</td><td>40,594</td><td>846</td><td>50</td><td>15,618</td><td>92</td><td>5,605</td><td>1,895</td><td>5,049</td><td>492</td><td>3,135</td><td>8,884</td><td>7</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 4.- 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="3">Total interest-bearing securities</th><th colspan="8">Computed annual interest rate</th><th rowspan="2">Guaranteed securities I/J</th></tr><tr><th>Amount outstanding Public debt and guarentee securities I/J</th><th>Public debt</th><th>Computed annual interest rate Public debt and guarentee securities I/J</th><th>Total interest-bearing securities</th><th>Total public debt</th><th>Total /J</th><th>Marketable issues</th><th>Public debt</th><th>Notes</th><th>Treasury bonds</th><th>Non-marketable issues I/J</th><th>Special issues</th></tr><tr><td>1966</td><td>268,978</td><td>268,111</td><td>5,357</td><td>1,993</td><td>1,996</td><td>1,773</td><td>.381</td><td>.875</td><td>1,289</td><td>2,307</td><td>2,567</td><td>2,448</td><td>1,410</td></tr><tr><td>1967</td><td>255,197</td><td>255,113</td><td>5,376</td><td>2,107</td><td>2,107</td><td>1,871</td><td>.382</td><td>.875</td><td>1,148</td><td>2,307</td><td>2,593</td><td>2,510</td><td>1,758</td></tr><tr><td>1968</td><td>250,132</td><td>250,063</td><td>5,457</td><td>2,128</td><td>2,128</td><td>1,942</td><td>1.014</td><td>1.042</td><td>1.204</td><td>2,309</td><td>2,683</td><td>2,588</td><td>1,984</td></tr><tr><td>1969</td><td>250,789</td><td>250,762</td><td>5,606</td><td>2,136</td><td>2,136</td><td>2,001</td><td>1.176</td><td>1.225</td><td>1.375</td><td>2,313</td><td>2,689</td><td>2,596</td><td>2,210</td></tr><tr><td>1970</td><td>255,286</td><td>255,209</td><td>5,633</td><td>2,200</td><td>2,200</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>2,684</td></tr><tr><td>1971</td><td>258,879</td><td>258,832</td><td>5,740</td><td>2,270</td><td>2,270</td><td>1,981</td><td>1.569</td><td>1.875</td><td>1.399</td><td>2,327</td><td>2,683</td><td>2,606</td><td>2,636</td></tr><tr><td>1972</td><td>256,907</td><td>256,863</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>2,699</td><td>2,675</td><td>2,578</td></tr><tr><td>1973</td><td>263,997</td><td>263,946</td><td>6,432</td><td>2,438</td><td>2,438</td><td>2,207</td><td>2.294</td><td>2.319</td><td>1.754</td><td>2,342</td><td>2,780</td><td>2,766</td><td>2,575</td></tr><tr><td>1993-January</td><td>265,370</td><td>265,323</td><td>6,262</td><td>2,361</td><td>2,361</td><td>2,132</td><td>2.008</td><td>1.897</td><td>1,795</td><td>2,380</td><td>2,679</td><td>2,677</td><td>2,567</td></tr><tr><td>February</td><td>265,538</td><td>265,489</td><td>6,313</td><td>2,378</td><td>2,378</td><td>2,141</td><td>2.047</td><td>2.088</td><td>1,795</td><td>2,321</td><td>2,681</td><td>2,677</td><td>2,577</td></tr><tr><td>March</td><td>266,130</td><td>266,130</td><td>6,295</td><td>2,389</td><td>2,389</td><td>2,146</td><td>2.074</td><td>2.088</td><td>1,794</td><td>2,321</td><td>2,690</td><td>2,677</td><td>2,575</td></tr><tr><td>April</td><td>266,601</td><td>266,550</td><td>6,270</td><td>2,389</td><td>2,389</td><td>2,151</td><td>2.118</td><td>2.088</td><td>1,794</td><td>2,321</td><td>2,691</td><td>2,676</td><td>2,575</td></tr><tr><td>May</td><td>264,496</td><td>264,445</td><td>6,348</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>2,675</td><td>2,575</td></tr><tr><td>June</td><td>263,997</td><td>263,946</td><td>6,432</td><td>2,438</td><td>2,438</td><td>2,207</td><td>2.294</td><td>2.319</td><td>1,754</td><td>2,342</td><td>2,780</td><td>2,766</td><td>2,575</td></tr><tr><td>July</td><td>270,665</td><td>270,603</td><td>6,595</td><td>2,438</td><td>2,438</td><td>2,224</td><td>2.221</td><td>2.368</td><td>1,753</td><td>2,342</td><td>2,722</td><td>2,751</td><td>2,562</td></tr></table>
Source: Daily Treasury Statement.
1/ Excludes guaranteed securities held by the Treasury.
2/ Total includes "Other bonds"; see Table 2.
3/ Included in debt outstanding at face amount, but discount value is used
in computing annual interest charge and annual interest rate. 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.
12
Treasury Bulletin
DEBT OUTSTANDING AND GENERAL FUND
Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies
(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 3/</th><th>Housing and Home Finance Administration 4/</th><th>Mutual Security Agency 5/</th><th>Public Housing Administration</th><th>Reconstruction Finance Corporation 7/</th><th>Rural Electrification Administration</th><th>Secretary of Agriculture 6/</th><th>Tennessee Valley Authority</th><th>Other 1/</th></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>9,805</td><td>-</td><td>-</td><td>27</td><td>750</td></tr><tr><td>1947</td><td>11,246</td><td>510</td><td>-</td><td>315</td><td>-</td><td>-</td><td>347</td><td>9,966</td><td>718</td><td>-</td><td>54</td><td>250</td></tr><tr><td>1948</td><td>9,789</td><td>1,669</td><td>-</td><td>971</td><td>-</td><td>-</td><td>366</td><td>8/</td><td>1,025</td><td>-</td><td>34</td><td>244</td></tr><tr><td>1949</td><td>6,921</td><td>3,293</td><td>-</td><td>938</td><td>-</td><td>782</td><td>337</td><td>1,956</td><td>1,621</td><td>65</td><td>49</td><td>286</td></tr><tr><td>1950</td><td>8,423</td><td>-</td><td>138</td><td>964</td><td>1</td><td>954</td><td>349</td><td>1,946</td><td>1,620</td><td>114</td><td>49</td><td>100</td></tr><tr><td>1951</td><td>9,097</td><td>2,255</td><td>339</td><td>1,088</td><td>1,279</td><td>1,097</td><td>489</td><td>278</td><td>1,720</td><td>131</td><td>39</td><td>307</td></tr><tr><td>1952</td><td>9,658</td><td>1,970</td><td>416</td><td>1,027</td><td>2,082</td><td>1,140</td><td>695</td><td>197</td><td>3,720</td><td>171</td><td>34</td><td>178</td></tr><tr><td>1953</td><td>12,196</td><td>3,612</td><td>-</td><td>1,287</td><td>2,513</td><td>1,139</td><td>655</td><td>159</td><td>1,950</td><td>171</td><td>34</td><td>270</td></tr><tr><td>1953-Jan.</td><td>10,709</td><td>2,401</td><td>348</td><td>1,154</td><td>2,328</td><td>1,176</td><td>795</td><td>183</td><td>1,995</td><td>147</td><td>34</td><td>247</td></tr><tr><td>Feb.</td><td>10,953</td><td>2,608</td><td>345</td><td>1,150</td><td>2,361</td><td>1,180</td><td>778</td><td>184</td><td>1,995</td><td>171</td><td>34</td><td>247</td></tr><tr><td>Mar.</td><td>11,079</td><td>2,753</td><td>343</td><td>1,139</td><td>2,419</td><td>1,182</td><td>703</td><td>183</td><td>1,995</td><td>171</td><td>34</td><td>247</td></tr><tr><td>Apr.</td><td>11,331</td><td>2,931</td><td>359</td><td>1,139</td><td>2,472</td><td>1,185</td><td>688</td><td>183</td><td>1,990</td><td>171</td><td>34</td><td>270</td></tr><tr><td>May</td><td>11,908</td><td>3,114</td><td>359</td><td>1,125</td><td>2,495</td><td>1,188</td><td>678</td><td>183</td><td>1,950</td><td>171</td><td>34</td><td>270</td></tr><tr><td>June</td><td>12,196</td><td>3,612</td><td>416</td><td>1,287</td><td>2,513</td><td>1,189</td><td>695</td><td>159</td><td>1,950</td><td>171</td><td>34</td><td>270</td></tr><tr><td>July</td><td>11,959</td><td>3,468</td><td>420</td><td>1,232</td><td>2,963</td><td>1,190</td><td>503</td><td>159</td><td>1,983</td><td>142</td><td>29</td><td>270</td></tr></table>
Source: Daily Treasury Statement.
1/ The securities shown in this table were issued to the Treasury to finance operations of the Treasury Department and the Federal Reserve System by raising the necessary funds through public debt operations. To avoid duplication, these securities are not included in the guaranteed debt column.
2/ Approved September 5, 1950. Securities consist of notes of the Secretary of the Interior (Defense Minerals Exploration Administration), Reclamation Administration (Federal Energy Administration), and the Administrator of the Defense Materials Procurement Agency.
3/ Includes securities issued under Defense Production Act.
4/ Comprised of certificates representing stock in the Mortgage Association and prefabricated housing loans program, transferred from the Reconstruction Finance Corporation beginning September 1950; and housing loans for
5/ Educational institutions, beginning July 1951.
This agency superseded the Economic Cooperation Administration on December 30, 1951, and administered the Foreign Operations Administration on August 1, 1953; pursuant to Reorganization Plan No. 7 of 1953.
6/ For the "Home Administration program.
Consists of notes issued by Federal Farm Mortgage Corporation and Home Owners' Loan Corporation prior to 1950, Virginia Islands Company 1948-50, and a majority of the bonds of several continuing Fund 1949-51, and advances under agreement with Veterans' Administration for direct loan program beginning August 1950.
7/ Notes outstanding in the amount of $3,355 million, including interest, were outstanding on August 1, 1954, pursuant to the Government Corporations Appropriation Act, 1949 (62 Stat. 1187).
Table 6.- Status of the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="3">Bullion, coin, and currency</th><th colspan="3">Assets</th><th rowspan="2">Other deposits and collections</th><th rowspan="2">Liabilities</th><th rowspan="2">Balance in the General Fund</th></tr><tr><th>Total</th><th>Gold</th><th>Other</th><th>Available funds</th><th>Deposits in Federal Reserve Banks</th><th>Deposits in special depositaries</th></tr><tr><td>1946</td><td>14,708</td><td>160</td><td>283</td><td>1,006</td><td>-</td><td>12,993</td><td>305</td><td>470</td><td>14,238</td></tr><tr><td>1947</td><td>5,170</td><td>1,723</td><td>324</td><td>1,002</td><td>-</td><td>952</td><td>330</td><td>438</td><td>5,308</td></tr><tr><td>1948</td><td>5,170</td><td>3,773</td><td>124</td><td>1,928</td><td>123</td><td>1,773</td><td>383</td><td>438</td><td>6,392</td></tr><tr><td>1949</td><td>3,362</td><td>1,022</td><td>219</td><td>438</td><td>173</td><td>1,771</td><td>309</td><td>399</td><td>3,470</td></tr><tr><td>1950</td><td>5,927</td><td>1,252</td><td>191</td><td>950</td><td>143</td><td>3,268</td><td>323</td><td>420</td><td>5,517</td></tr><tr><td>1951</td><td>7,871</td><td>2,045</td><td>216</td><td>338</td><td>290</td><td>5,680</td><td>380</td><td>524</td><td>7,397</td></tr><tr><td>1952</td><td>7,421</td><td>1,009</td><td>194</td><td>333</td><td>355</td><td>2,106</td><td>438</td><td>512</td><td>6,369</td></tr><tr><td>1953</td><td>5,095</td><td>394</td><td>161</td><td>332</td><td>210</td><td>3,071</td><td>538</td><td>426</td><td>4,670</td></tr><tr><td>1952-December</td><td>6,528</td><td>1,007</td><td>160</td><td>389</td><td>176</td><td>4,368</td><td>483</td><td>518</td><td>6,064</td></tr><tr><td>1953-January</td><td>5,278</td><td>1,028</td><td>124</td><td>811</td><td>350</td><td>3,318</td><td>603</td><td>589</td><td>5,639</td></tr><tr><td>February</td><td>6,364</td><td>389</td><td>186</td><td>351</td><td>176</td><td>4,376</td><td>488</td><td>540</td><td>6,084</td></tr><tr><td>March</td><td>7,321</td><td>1,008</td><td>179</td><td>282</td><td>418</td><td>4,983</td><td>516</td><td>443</td><td>6,908</td></tr><tr><td>April</td><td>4,099</td><td>386</td><td>159</td><td>337</td><td>130</td><td>1,680</td><td>513</td><td>521</td><td>3,982</td></tr><tr><td>May</td><td>4,035</td><td>388</td><td>172</td><td>221</td><td>108</td><td>2,109</td><td>439</td><td>447</td><td>3,639</td></tr><tr><td>June</td><td>5,095</td><td>394</td><td>161</td><td>138</td><td>210</td><td>3,071</td><td>538</td><td>426</td><td>4,670</td></tr><tr><td>July</td><td>9,415</td><td>999</td><td>146</td><td>948</td><td>181</td><td>6,690</td><td>550</td><td>374</td><td>8,741</td></tr></table>
Source: Daily Treasury Statement. 1/ On account of withheld taxes and sales of Government securities.
13
September 1955
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, July 31, 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. 751 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>272,085</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury)</td><td>63</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>272,148</td></tr><tr><td>Balance issuable under limitation.</td><td>2,852</td></tr></table>
Source: Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding July 31, 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>Public debt</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></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>20,807</td><td>-</td><td>20,807</td></tr><tr><td>Certificates of indebtedness</td><td>21,756</td><td>-</td><td>21,756</td></tr><tr><td>Treasury notes</td><td>30,425</td><td>-</td><td>30,425</td></tr><tr><td>Treasury bonds - bank eligible</td><td>63,989</td><td>-</td><td>63,989</td></tr><tr><td>Treasury bonds - bank restricted</td><td>17,243</td><td>-</td><td>17,243</td></tr><tr><td>Postal savings and Panama Canal bonds</td><td>-</td><td>107</td><td>107</td></tr><tr><td>Total marketable</td><td>153,150</td><td>107</td><td>153,177</td></tr><tr><td>Nonmarketable</td><td></td><td></td><td></td></tr><tr><td>U.S. savings bonds (current redemption value)</td><td>57,871</td><td>-</td><td>57,871</td></tr><tr><td>Treasury savings notes</td><td>4,706</td><td>-</td><td>4,706</td></tr><tr><td>Depositary bonds</td><td>-</td><td>1</td><td>1</td></tr><tr><td>Treasury bonds, investment series</td><td>13,231</td><td>-</td><td>13,231</td></tr><tr><td>Total nonmarketable</td><td>76,252</td><td>-</td><td>76,252</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>40,594</td><td>-</td><td>40,594</td></tr><tr><td>Total interest-bearing securities</td><td>270,497</td><td>107</td><td>270,603</td></tr><tr><td>Natural securities on which interest has ceased</td><td>237</td><td>6</td><td>243</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>48</td><td>-</td><td>48</td></tr><tr><td>Excess profit tax refund bonds</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Special notes of the United States</td><td>1,302</td><td>-</td><td>1,302</td></tr><tr><td>International Monetary Fund Series</td><td>-</td><td>191</td><td>191</td></tr><tr><td>United States notes (loss gold reserve)</td><td>-</td><td>272</td><td>272</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve bank notes</td><td>-</td><td>6</td><td>6</td></tr><tr><td>Other debt bearing no interest</td><td>1,352</td><td>471</td><td>1,823</td></tr><tr><td>Total debt bearing no interest</td><td>1,352</td><td>471</td><td>1,823</td></tr><tr><td>Total public debt</td><td>272,085</td><td>598</td><td>272,669</td></tr><tr><td>Guaranteed securities 2/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>62</td><td>-</td><td>62</td></tr><tr><td>Maturing</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>63</td><td>-</td><td>63</td></tr><tr><td>Total public debt and guaranteed securities</td><td>272,148</td><td>598</td><td>272,732</td></tr></table>
Source: Bureau of the Public Debt. 1/ Issues which commercial banks may not acquire prior to specified dates
2/ (with minor exceptions). See "Debt Outstanding", Table 2, footnote 1. Excludes guaranteed securities held by the Treasury.
14
Treasury Bulletin
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding July 31, 1953 1/
(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>Date bank restricted become bank eligible 3/</th><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th><th>Date bank restricted become bank eligible 3/</th></tr><tr><th></th><th></th><th>Fixed maturity issues</th><th colspan="2">Callable issue classified by year of: First call</th><th></th><th></th><th></th><th>Fixed maturity issues</th><th colspan="2">Callable issue classified by year of: First call</th><th></th></tr><tr><td>1953</td><td></td><td></td><td></td><td>Final maturity</td><td></td><td>1956</td><td></td><td></td><td></td><td>Final maturity</td><td></td></tr><tr><td>Aug.</td><td>Bills Certificate - 8/15/53-c</td><td>6,003</td><td>-</td><td>-</td><td>.....</td><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>1,449</td><td>-</td><td>.....</td></tr><tr><td>Sept.</td><td>Bills (Tax Anticipation Series) - 9/12/53-53</td><td>5,901</td><td>-</td><td>-</td><td>.....</td><td>Apr.</td><td>1-1/2% Note - 4/15/56-58</td><td>1,007</td><td>-</td><td>-</td><td>.....</td></tr><tr><td></td><td>Bills</td><td>800</td><td>-</td><td>-</td><td>.....</td><td>June.</td><td>2-1/4% Bond - 6/15/56-56</td><td>-</td><td>-</td><td>681</td><td>.....</td></tr><tr><td>Oct.</td><td>Bills</td><td>7,503</td><td>-</td><td>-</td><td>.....</td><td>Sept.</td><td>2-3/4% Bond - 9/15/56-59</td><td>-</td><td>938</td><td>-</td><td>.....</td></tr><tr><td>Dec.</td><td>2-1/2% Note 2/ - 12/15/53-A</td><td>10,942</td><td>-</td><td>-</td><td>.....</td><td>Oct.</td><td>1-1/2% Bond - 10/1/56-58</td><td>550</td><td>-</td><td>-</td><td>.....</td></tr><tr><td>2% Bond 2/ - 12/15/51-55</td><td>510</td><td>-</td><td>-</td><td>.....</td><td></td><td>Total</td><td>1,557</td><td>6,253</td><td>681</td><td></td><td></td></tr><tr><td>2-1/2% Bond 2/ - 6/15/52-54</td><td>5,885</td><td>-</td><td>-</td><td>.....</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4% Bond 2/ - 12/15/52-54</td><td>1,501</td><td>-</td><td>-</td><td>.....</td><td>1957</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>41,616</td><td>16,499</td><td>-</td><td></td><td>Mar.</td><td>2-1/2% 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>1-1/2% Note - 4/1/57-58</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>1-1/2% Bond - 10/1/57-58</td><td>924</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><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><td></td></tr><tr><td>Feb.</td><td>2-1/4% Certificate - 2/15/54-A</td><td>8,114</td><td>-</td><td>-</td><td>.....</td><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>1,449</td><td>-</td><td>.....</td></tr><tr><td>Mar.</td><td>1-3/8% Note - 3/15/54-A</td><td>4,675</td><td>-</td><td>-</td><td>.....</td><td>Apr.</td><td>1-1/2% Note - 4/1/58-58</td><td>107</td><td>-</td><td>-</td><td>.....</td></tr><tr><td>2-1/2% Certificate (Tax Anticipation Series) - 3/28/54-c</td><td>5,902</td><td>-</td><td>-</td><td>.....</td><td>June.</td><td>2-1/2% Bond - 6/15/58</td><td>4,245</td><td>-</td><td>919</td><td>-</td><td>.....</td></tr><tr><td>June.</td><td>2% Bond - 6/15/52-54</td><td>-</td><td>5,825</td><td>-</td><td>.....</td><td>Dec.</td><td>2-1/2% Bond - 12/1/58</td><td>620</td><td>-</td><td>-</td><td>.....</td></tr><tr><td>2-1/4% Bond - 6/15/54-56</td><td>651</td><td>-</td><td>-</td><td>.....</td><td>Total</td><td>4,972</td><td>919</td><td>1,449</td><td></td><td></td><td></td></tr><tr><td>2-5/8% Certificate - 6/1/54-B</td><td>1,898</td><td>-</td><td>-</td><td>.....</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Bond - 12/15/52-54</td><td>-</td><td>8,668</td><td>-</td><td>.....</td><td>1959</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>23,549</td><td>681</td><td>14,871</td><td></td><td>Mar.</td><td>2-3/4% Bond - 3/15/57-59</td><td>-</td><td>-</td><td>927</td><td>.....</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>June.</td><td>2-1/4% Bond - 6/1/57-58</td><td>-</td><td>5,278</td><td>-</td><td>.....</td></tr><tr><td>1955</td><td></td><td></td><td></td><td></td><td>Sept.</td><td>2-1/4% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>928</td><td>.....</td></tr><tr><td>Mar.</td><td>1-1/2% Note - 3/15/55-A</td><td>5,365</td><td>-</td><td>-</td><td>.....</td><td>Dec.</td><td>2-1/4% Bond - 12/1/59-62</td><td>-</td><td>3,467</td><td>3,822</td><td>.....</td></tr><tr><td>2-1/2% Bond - 3/15/55-50</td><td>2,611</td><td>-</td><td>-</td><td>.....</td><td>Total</td><td>8,745</td><td>5,731</td><td></td><td></td><td></td><td></td></tr><tr><td>June.</td><td>2-1/4% Bond - 6/15/52-55</td><td>-</td><td>1,501</td><td>-</td><td>.....</td><td>1960</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Bond - 12/15/51-55</td><td>6,894</td><td>-</td><td>510</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>1-3/4% Note - 12/15/55-58</td><td>6,894</td><td>-</td><td>510</td><td>.....</td><td>Dec.</td><td>2-3/4% Bond - 12/15/60-65</td><td>-</td><td>1,489</td><td>-</td><td>.....</td></tr><tr><td>Total</td><td>12,219</td><td>2,611</td><td>2,011</td><td></td><td>Total</td><td>1,489</td><td>2,611</td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
September 1955
15
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding July 31, 1953 (Continued)
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/</th><th colspan="4">Amount of maturities</th><th>Year and month</th><th>Description of security 2/</th><th colspan="4">Amount of maturities</th></tr><tr><th></th><th></th><th>Fixed maturity issues</th><th>Callable issues classified by year of: First call</th><th>Final maturity</th><th>Date bank re-stricted issues become bank eligible 3/</th><th></th><th></th><th>Fixed maturity issues</th><th>Callable issues classified by year of: First call</th><th>Final maturity</th><th>Date bank re-stricted issues become bank eligible 3/</th></tr><tr><td>1961</td><td>June.</td><td>3% Panama Canal bond - 6/1/61</td><td>50</td><td>-</td><td>-</td><td>1961</td><td>June.</td><td>2-1/2% Bond - 6/15/62-61</td><td>-</td><td>1,894</td><td>2,117</td><td>6/15/62</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>Sept.</td><td>2-1/2% Bond - 6/15/61-72</td><td>-</td><td>2,716</td><td>-</td><td>-</td><td></td></tr><tr><td>1962</td><td>June.</td><td>2-1/4% Bond - 6/15/59-62</td><td>-</td><td>5,278</td><td>-</td><td>Dec.</td><td>2-1/2% 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 - 6/15/62-61</td><td>-</td><td>2,117</td><td>-</td><td></td><td></td><td>Total</td><td></td><td>-</td><td>8,442</td><td>2,117</td><td></td></tr><tr><td>Dec.</td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>3,467</td><td>-</td><td></td><td>1968</td><td>Dec.</td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>-</td><td>2,827</td><td>-</td></tr><tr><td></td><td>Total</td><td>-</td><td>2,117</td><td>8,745</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1963</td><td>June.</td><td>2-3/4% Bond - 6/15/58-63</td><td>-</td><td>919</td><td>-</td><td>1969</td><td>June.</td><td>2-1/2% Bond - 6/15/64-69</td><td>-</td><td>-</td><td>3,756</td><td>-</td></tr><tr><td></td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>2,827</td><td>-</td><td></td><td>Dec.</td><td>2-1/2% Bond - 12/15/64-69</td><td>-</td><td>-</td><td>3,832</td><td>-</td><td>9/15/73</td></tr><tr><td>Dec.</td><td>Total</td><td>-</td><td>2,827</td><td>919</td><td></td><td></td><td>Total</td><td></td><td>-</td><td>-</td><td>7,589</td><td></td></tr><tr><td>1970</td><td>Mar.</td><td>2-1/2% Bond - 3/15/65-70</td><td>-</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td>4,722</td><td></td><td>2/1/74</td></tr><tr><td>1964</td><td>June.</td><td>2-1/2% Bond - 6/15/64-69</td><td>-</td><td>3,756</td><td>-</td><td>1971</td><td>Mar.</td><td>2-1/2% Bond - 3/15/66-71</td><td>-</td><td>-</td><td>2,963</td><td>12/1/74</td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 12/15/64-69</td><td>-</td><td>3,832</td><td>-</td><td>9/15/73</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td>-</td><td>7,589</td><td>-</td><td></td><td>1972</td><td>June.</td><td>2-1/2% Bond - 6/15/67-72</td><td>-</td><td>-</td><td>1,894</td><td>6/15/62</td></tr><tr><td>1965</td><td>Mar.</td><td>2-1/2% Bond - 3/15/65-70</td><td>-</td><td>4,722</td><td>-</td><td>Sept.</td><td>2-1/2% Bond - 9/15/67-72</td><td>-</td><td>-</td><td>2,716</td><td>-</td><td></td></tr><tr><td>Dec.</td><td>2-3/4% Bond - 12/15/60-65</td><td>-</td><td>1,485</td><td>-</td><td>2/1/74</td><td>Dec.</td><td>2-1/2% Bond - 12/15/67-72</td><td>-</td><td>-</td><td>3,832</td><td>12/15/62</td><td></td></tr><tr><td>Total</td><td></td><td>-</td><td>4,722</td><td>1,485</td><td></td><td>Total</td><td></td><td></td><td>-</td><td>8,442</td><td>-</td><td></td></tr><tr><td>1978</td><td>June.</td><td>3-1/4% Bond - 6/15/78-83</td><td>-</td><td>1,603</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1966</td><td>Mar.</td><td>2-1/2% Bond - 3/15/66-71</td><td>-</td><td>2,963</td><td>-</td><td>1983</td><td>June.</td><td>3-1/4% Bond - 6/15/78-83</td><td>-</td><td>-</td><td>1,603</td><td>-</td></tr></table>
Source: Daily Treasury Statement and Bureau of the Public Debt.
1/ Excludes 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 issues may not be acquired by commercial banks (with minor exceptions) prior to specified dates; see "Debt Outstanding", Table 2, 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.
16
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 unaudited issues outstanding after new issues</th></tr><tr><td colspan="10">Regular Series:</td></tr><tr><td>1953-Apr. 2</td><td>1953-July 2</td><td>91</td><td>1,943.3</td><td>1,800.5</td><td>999.4</td><td>201.3</td><td>38.5</td><td>1,800.7</td><td>17,268.2</td></tr><tr><td>Apr. 9</td><td>July 9</td><td>91</td><td>8,275.4</td><td>1,400.8</td><td>1,130.0</td><td>280.9</td><td>40.5</td><td>1,399.4</td><td>17,509.6</td></tr><tr><td>Apr. 15</td><td>July 16</td><td>91</td><td>8,059.6</td><td>1,400.7</td><td>1,146.1</td><td>254.6</td><td>231.5</td><td>1,400.2</td><td>17,810.2</td></tr><tr><td>Apr. 23</td><td>July 23</td><td>91</td><td>2,029.3</td><td>1,500.5</td><td>1,239.7</td><td>260.8</td><td>176.9</td><td>1,474.3</td><td>17,984.5</td></tr><tr><td>Apr. 30</td><td>July 30</td><td>91</td><td>2,126.0</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>17,599.3</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>17,509.8</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>1,239.0</td><td>262.5</td><td>171.8</td><td>1,500.5</td><td>17,509.9</td></tr><tr><td>May 21</td><td>Aug. 20</td><td>91</td><td>2,340.3</td><td>1,501.2</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>17,909.9</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>57.0</td><td>1,301.4</td><td>18,108.8</td></tr><tr><td>June 11</td><td>Sept. 8</td><td>91</td><td>2,920.3</td><td>1,500.0</td><td>1,369.1</td><td>130.9</td><td>67.1</td><td>1,400.3</td><td>18,509.9</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>1,213.6</td><td>283.9</td><td>57.8</td><td>1,800.5</td><td>18,506.9</td></tr><tr><td>June 25</td><td>Sept.24</td><td>91</td><td>1,995.3</td><td>1,500.2</td><td>1,261.9</td><td>239.4</td><td>44.1</td><td>1,800.7</td><td>18,506.5</td></tr><tr><td>July 2</td><td>Oct. 1</td><td>91</td><td>2,129.0</td><td>1,500.3</td><td>1,296.4</td><td>203.9</td><td>88.3</td><td>1,200.5</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>1,500.2</td><td>1,228.7</td><td>262.5</td><td>119.3</td><td>1,500.5</td><td>19,106.6</td></tr><tr><td>July 16</td><td>Oct. 15</td><td>91</td><td>2,276.7</td><td>1,500.3</td><td>1,232.7</td><td>267.5</td><td>331.5</td><td>1,400.7</td><td>19,406.2</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>282.1</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>2,262.8</td><td>1,500.1</td><td>1,239.3</td><td>260.3</td><td>111.0</td><td>1,499.9</td><td>19,406.4</td></tr><tr><td>Aug. 6</td><td>Nov. 5</td><td>91</td><td>2,409.5</td><td>1,500.3</td><td>1,239.9</td><td>261.4</td><td>181.8</td><td>1,500.4</td><td>19,406.4</td></tr><tr><td>Aug. 13</td><td>Nov. 12</td><td>91</td><td>2,365.9</td><td>1,501.2</td><td>1,228.7</td><td>273.6</td><td>28.3</td><td>1,500.5</td><td>19,406.5</td></tr><tr><td>Aug. 20</td><td>Nov. 19</td><td>91</td><td>2,498.7</td><td>1,501.4</td><td>1,201.1</td><td>300.4</td><td>194.3</td><td>1,501.2</td><td>19,406.7</td></tr><tr><td>Aug. 27</td><td>Nov. 27</td><td>92</td><td>2,545.5</td><td>1,501.6</td><td>1,252.3</td><td>249.2</td><td>192.7</td><td>1,500.8</td><td>19,407.4</td></tr><tr><td colspan="10">Tax Anticipation Series:</td></tr><tr><td>1955-Nov. 21</td><td>1955-June 19</td><td>210</td><td>3,983.8</td><td>2,002.7</td><td>1,776.3</td><td>226.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1953-June 3</td><td>Sept. 15</td><td>107</td><td>1,675.1</td><td>800.5</td><td>688.8</td><td>117.7</td><td>-</td><td>-</td><td>800.5</td></tr></table>
<table><tr><th rowspan="2">Issue date</th><th colspan="2">On total bids accepted -</th><th colspan="4">On competitive bids accepted -</th></tr><tr><th>Average price per hundred</th><th>Equivalent average rate 2/</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th colspan="2">Popular Series:</th><th>(Percent)</th><th>Price per hundred</th><th>Equivalent rate 2/</th><th>Price per hundred</th><th>Equivalent rate 2/</th></tr><tr><td>1953-Apr. 2</td><td>99,487</td><td>2.089</td><td>99,494</td><td>2.002</td><td>99,485</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>99,472</td><td>2.089</td></tr><tr><td>Apr. 16</td><td>99,439</td><td>2.019</td><td>99,494</td><td>2.002</td><td>99,431</td><td>2.051</td></tr><tr><td>Apr. 23</td><td>99,414</td><td>2.320</td><td>99,494</td><td>2.002</td><td>99,410</td><td>2.334</td></tr><tr><td>Apr. 30</td><td>99,433</td><td>2.283</td><td>99,460</td><td>2.135</td><td>99,426</td><td>2.271</td></tr><tr><td>May 7</td><td>99,405</td><td>2.332</td><td>99,450</td><td>2.176</td><td>99,400</td><td>2.374</td></tr><tr><td>May 14</td><td>99,426</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 2/</td><td>2.069</td><td>99,469</td><td>2.101</td></tr><tr><td>May 28</td><td>99,473</td><td>2.056</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>2.037</td><td>99,346</td><td>2.587</td></tr><tr><td>June 11</td><td>99,413</td><td>2.323</td><td>99,440</td><td>2.215</td><td>99,407</td><td>2.346</td></tr><tr><td>June 18</td><td>99,437</td><td>2.258</td><td>99,444 1/</td><td>2.200</td><td>99,402</td><td>2.347</td></tr><tr><td>June 25</td><td>99,506</td><td>1.954</td><td>99,583</td><td>1.887</td><td>99,490</td><td>2.018</td></tr><tr><td>July 2</td><td>99,468</td><td>2.106</td><td>99,524</td><td>1.883</td><td>99,457</td><td>2.148</td></tr><tr><td>July 9</td><td>99,493</td><td>2.007</td><td>99,499 2/</td><td>1.988</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>99,468</td><td>2.125</td></tr><tr><td>July 23</td><td>99,460</td><td>2.127</td><td>99,507</td><td>1.959</td><td>99,469</td><td>2.140</td></tr><tr><td>July 30</td><td>99,455</td><td>2.157</td><td>99,494</td><td>2.002</td><td>99,452</td><td>2.168</td></tr><tr><td>Aug. 6</td><td>99,460</td><td>2.136</td><td>99,481</td><td>2.053</td><td>99,459</td><td>2.140</td></tr><tr><td>Aug. 13</td><td>99,465</td><td>2.116</td><td>99,494</td><td>2.002</td><td>99,464</td><td>2.120</td></tr><tr><td>Aug. 20</td><td>99,469</td><td>2.101</td><td>99,488</td><td>2.049</td><td>99,468</td><td>2.105</td></tr><tr><td>Aug. 27</td><td>99,499</td><td>2.001</td><td>99,490</td><td>1.936</td><td>99,487</td><td>2.007</td></tr><tr><th colspan="7">Tax Anticipation Series:</th></tr><tr><td>1953-Nov. 21</td><td>98,993</td><td>1.846</td><td>99,000 6/</td><td>1.714</td><td>98,925</td><td>1.860</td></tr><tr><td>1953-June 3</td><td>99,292</td><td>2.333</td><td>99,479</td><td>1.753</td><td>99,274</td><td>2.443</td></tr></table>
Source: Bureau of the Public Debt.
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 $1,000,000 at 99.700, $1,000,000 at 99.600, and $500,000 at 99.
4/ Except $800,000 at 99.535 and $200,000 at 99.511.
5/ Except $200,000 at 99.524.
6/ Except $50,000 at 99.250.
p Preliminary.
September 1955
17
DEBT OPERATIONS
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date Description books were opened</th><th>Date of issue</th><th>Description of security</th><th>Period to -</th><th colspan="2">Amount of subscriptions tendered</th><th>For cash</th><th>In exchange for other securities</th><th>Allotment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>Cash</th><th>Exchange</th><th>$</th><th>$</th><th></th></tr><tr><td>1/20/A8</td><td>2/1/A8</td><td>1-1/36 Certificate - 2/1/A8-3</td><td>1 yr</td><td>....................</td><td>2,189</td><td>....................</td><td>2,189</td><td>100</td></tr><tr><td>2/1/A8</td><td>3/1/A8</td><td>1-1/36 Certificate - 3/1/A8-0</td><td>1 yr</td><td>....................</td><td>3,753</td><td>....................</td><td>3,753</td><td>100</td></tr><tr><td>3/1/A8</td><td>5/1/A8</td><td>1-1/36 Certificate - 5/1/A8-0</td><td>1 yr</td><td>....................</td><td>1,029</td><td>....................</td><td>1,029</td><td>100</td></tr><tr><td>5/1/A8</td><td>7/1/A8</td><td>1-1/36 Certificate - 7/1/A8-3</td><td>1 yr</td><td>....................</td><td>4,301</td><td>....................</td><td>4,301</td><td>100</td></tr><tr><td>6/1/A8</td><td>9/1/A8</td><td>1-3/36 Note</td><td>6 m</td><td>....................</td><td>5,789</td><td>....................</td><td>5,789</td><td>100</td></tr><tr><td>9/1/A8</td><td>10/1/A8</td><td>1-1/48 Certificate - 10/1/A8-0</td><td>1 yr</td><td>....................</td><td>3,595</td><td>....................</td><td>3,595</td><td>100</td></tr><tr><td>12/1/A8</td><td>12/1/A8</td><td>1-1/48 Certificate - 12/1/A8-0</td><td>1 yr</td><td>....................</td><td>6,232</td><td>....................</td><td>6,232</td><td>100</td></tr><tr><td>12/1/A8</td><td>12/1/A8</td><td>1-1/48 Certificate - 12/1/A8-0</td><td>1 yr</td><td>....................</td><td>319</td><td>....................</td><td>319</td><td>100</td></tr><tr><td>1/19/A9</td><td>2/1/A9</td><td>1-3/48 Certificate - 2/1/A9-0</td><td>1 yr</td><td>....................</td><td>5,695</td><td>....................</td><td>5,695</td><td>100</td></tr><tr><td>2/15/A9</td><td>3/1/A9</td><td>1-1/48 Certificate - 3/1/A9-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>5/1/A9</td><td>6/1/A9</td><td>1-1/48 Certificate - 6/1/A9-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>5/1/A9</td><td>7/1/A9</td><td>1-1/48 Certificate - 7/1/A9-2</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>8/1/A9</td><td>9/1/A9</td><td>1-1/48 Certificate - 9/1/A9-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>9/1/A9</td><td>10/1/A9</td><td>1-1/36 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>12/1/A9</td><td>12/1/A9</td><td>1-3/36 Note</td><td>3 m</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>1/2/90</td><td>2/1/90</td><td>1-1/36 Certificate - 2/1/90-2</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>1/2/90</td><td>3/1/90</td><td>1-1/48 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>2/1/90</td><td>3/1/90</td><td>1-1/48 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>3/1/90</td><td>5/1/90</td><td>1-1/48 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>5/1/90</td><td>7/1/90</td><td>1-1/48 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>7/1/90</td><td>9/1/90</td><td>1-1/48 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>9/1/90</td><td>10/1/90</td><td>1-1/48 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>12/1/90</td><td>12/1/90</td><td>1-3/48 Note</td><td>5 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>5/1/91</td><td>6/1/91</td><td>1-1/36 Note</td><td>5 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>6/1/91</td><td>9/1/91</td><td>1-1/36 Certificate - 9/1/91-0</td><td>11 m</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>9/1/91</td><td>10/1/91</td><td>1-1/36 Certificate - 10/1/91-0</td><td>11 m</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>10/1/91</td><td>10/1/91</td><td>1-1/36 Certificate - 10/1/91-0</td><td>11 m</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>12/1/91</td><td>12/1/91</td><td>1-1/36 Certificate - 12/1/91-0</td><td>11 m</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>2/18/92</td><td>3/1/92</td><td>1-1/36 Bond</td><td>7 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>3/1/92</td><td>5/1/92</td><td>1-1/36 Certificate - 5/1/92-0</td><td>5 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>5/1/92</td><td>7/1/92</td><td>1-1/36 Note</td><td>5 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>6/16/92</td><td>7/1/92</td><td>1-1/36 Bond</td><td>5 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>6/16/92</td><td>8/1/92</td><td>1-1/36 Certificate - 8/1/92-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>8/1/92</td><td>10/1/92</td><td>2/3/36 Certificate</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>11/17/92</td><td>2/1/93</td><td>2/3/36 Certificate - 2/1/93-2</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>2/1/93</td><td>3/1/93</td><td>2-1/3/36 Certificate - 3/1/93-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>3/1/93</td><td>5/1/93</td><td>2-1/3/36 Certificate - 5/1/93-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>5/1/93</td><td>7/1/93</td><td>2-1/3/36 Certificate - 7/1/93-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>7/1/93</td><td>8/1/93</td><td>2-1/3/36 Certificate - 8/1/93-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>8/1/93</td><td>9/1/93</td><td>2-1/3/36 Certificate - 9/1/93-0</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>9/1/93</td><td>9/1/93</td><td>2-1/3/36 Note</td><td>1 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr><tr><td>9/1/93</td><td>9/1/93</td><td>2-1/3/36 Note</td><td>3 yr</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td><td>....................</td></tr></table>
Sources: Bureau of the Public Debt.
1/ Treasury Department, "Adjustment of securities and escrow funds, U. S. Government investment accounts."
2/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury notes maturing December 15, 1952, as listed in Bulletin. For further information relating to the original offering see Treasury Bulletin' for April 1951, page A-1.
3/ Available only to owners of nonmarketable notes. May include exchange by Federal Reserve System Open Market Account amounting to $1,000 million. For further information see Bulletin 1950, page 15, and Bulletin Series 10-1956 and Series EA-1957, and $71/4 million in the case of Series 10-1957.
4/ Nonmarketable subscriptions were allotted in full. Commercial banks' subscriptions for amounts up to and including $100,000 for their own account also were allotted in full. Commercial banks' subscriptions for amounts over $100,000 were allotted in full, except for $100,000 on each subscription.
5/ The subscriptions of December 15, 1952, were reopened, with all certificates of the series identical in all respects, as an exchange offering for the 1-7/8% certificates which matured December 1, 1952.
6/ Allowing for the 1-7/8% certificates which matured February 17, 1953, holders of the 1-7/8% certificates
were offered a choice of exchanging the securities for either the common stock or the preferred stock. The bond offering was made available for exchange of Series F and G savings bonds maturing from May 1, through December 31, 1951. Treasury savings bonds maturing from January 1, 1951, through December 31,1951, at $1,000 minimum, Nonbank subscriptions in amounts up to and including $5,000 were allotted in full. All other subscriptions were allotted in amounts up to and including $5,000, except that amounts exceeding 5% of their time deposits as of December 31, 1952. The Treasury also reserved the right to allot additional amounts of these bonds to Government investment accounts, which subscribed to a total amount of $117,779,000. All original subscriptions, including certificates which will be accepted at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1954. Subscriptions for $1,000,000 were allotted in full. Subscriptions for amounts over $100,000 were allotted 67% but in no case less than $100,000. Bonds maturing December 31, 1951, and bonds maturing September 15, 1953, were offered a choice of exchanging the securities for either the one-year certificate or the three-and one-half-year note. Preliminary
18
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 1/</th><th colspan="2">Disposition offers by Treasury</th><th>Results of exchange offers</th><th>Turned in for cash 3/</th><th>Description of new security offered</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th></th><th></th></tr><tr><td>7/1/50</td><td>1-1/4% Certificate -</td><td>7/1/50-F</td><td>7/1/49</td><td>5,601</td><td>5,601</td><td>5,351</td><td>850</td><td>1-1/4% Note - 8/1/51-B</td></tr><tr><td>9/15/50</td><td>1-1/2% Certificate - 2-1/4% Bond 24</td><td>9/15/50-0 9/15/50-28</td><td>9/15/49 9/15/38 4/15/43</td><td>1,197 1,186 4,939</td><td>- 1,197 1,186 4,939</td><td>1,039 905 3,997</td><td>198 281 942</td><td>1-1/4% Note - 10/15/51-F</td></tr><tr><td>10/1/50</td><td>1-1/8% Certificate -</td><td>10/1/50-E</td><td>10/1/49</td><td>6,248</td><td>6,248</td><td>5,923</td><td>395</td><td>1-1/4% Note - 11/1/51-D</td></tr><tr><td>12/15/50</td><td>1-1/2% Bond 1-1/8% Certificate -</td><td>12/15/50 1/1/51-A</td><td>6/1/45 1/1/50</td><td>2,635 5,373</td><td>2,635 5,373</td><td>2,319 4,538</td><td>320 834</td><td>1-3/4% Note - 12/15/53-B</td></tr><tr><td>4/1/51</td><td>2-1/4% Bond 2-1/2% Bond</td><td>6/12/51-72 12/15/61-72</td><td>6/1/45 11/1/45</td><td>7,967 11,689</td><td>7,967 11,689</td><td>5,954 7,610</td><td>1,134</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td>6/15/51</td><td>2-1/4% Bond 1-1/4% Note 1-1/4% Note 1-1/4% Note</td><td>6/15/51-24 7/1/51-3 7/1/51-13</td><td>6/15/46 3/1/50 6/1/50</td><td>1,687 2,741 886 4,818</td><td>1,687 2,741 886 4,818</td><td>1,516 2,607 831 4,570</td><td>110 134 35 248</td><td>1-7/8% Certificate - 4/1/52-A</td></tr><tr><td>8/1/51</td><td>1-1/4% Note</td><td>8/1/51-E</td><td>7/1/50</td><td>5,351</td><td>5,351</td><td>5,216</td><td>135</td><td>1-7/8% Certificate - 7/1/52-B</td></tr><tr><td>9/15/51</td><td>3%</td><td>9/15/51-25</td><td>9/15/31</td><td>755</td><td>755</td><td>583</td><td>172</td><td>1-7/8% Certificate - 8/15/52-D</td></tr><tr><td>10/1/51</td><td>1-1/4% Note 1-1/4% Note</td><td>10/1/51-A 10/15/51-F</td><td>8/1/50 9/15/50</td><td>1,918 5,941</td><td>1,918 5,941</td><td>1,832 5,873</td><td>86 67</td><td>1-7/8% Certificate - 9/1/52-B 1-7/8% Certificate - 10/1/52-B</td></tr><tr><td>10/15/51</td><td>1-1/4% Note</td><td>11/1/51-D</td><td>10/1/50</td><td>5,823</td><td>5,823</td><td>4,988</td><td>865</td><td></td></tr><tr><td>12/15/51</td><td>2-1/4% Bond</td><td>12/15/51-31</td><td>12/22/39</td><td>1,118</td><td>1,118</td><td>1,063</td><td>55</td><td>1-7/8% Certificate - 12/1/52-F</td></tr><tr><td>3/1/52</td><td>2-1/4% Bond</td><td>3/15/52-24</td><td>3/31/41</td><td>1,024</td><td>1,024</td><td>927</td><td>97</td><td>2-3/8% Bond - 3/15/57-59</td></tr><tr><td>3/1/52</td><td>1-7/8% Certificate -</td><td>4/1/52-A</td><td>6/15/51</td><td>9,284</td><td>9,284</td><td>8,868</td><td>656</td><td>1-7/8% Certificate - 2/15/53-A</td></tr><tr><td>6/4/52</td><td>2-1/4% Bond 2-1/4% Bond 2-1/4% Bond</td><td>3/15/65-70 3/15/65-72 6/15/67-72</td><td>2/1/44 12/1/44 6/1/45</td><td>5,195 3,480 1,999</td><td>5,195 3,480 1,999</td><td>467 312 100</td><td>- -</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td>7/1/52</td><td>1-7/8% Certificate -</td><td>7/1/52-E</td><td>8/1/51</td><td>14,746</td><td>14,746</td><td>1,306</td><td>-</td><td>1-7/8% Certificate - 6/1/53-B</td></tr><tr><td>8/15/52</td><td>1-7/8% Certificate - 1-7/8% Certificate - 1-7/8% Certificate -</td><td>8/15/52-0 9/1/52-B 9/1/52-B</td><td>9/15/51 10/1/51</td><td>5,216 583 1,832</td><td>5,216 583 1,832</td><td>4,963 434 1,979</td><td>833 150 858</td><td>2% Certificate - 8/15/53-C8</td></tr><tr><td>10/1/52</td><td>1-7/8% Certificate -</td><td>10/1/52-E</td><td>10/1/51</td><td>10,861</td><td>10,861</td><td>10,942</td><td>319</td><td>2-1/3% Note - 12/1/53-A</td></tr><tr><td>12/1/52</td><td>1-7/8% Certificate -</td><td>12/1/52-F</td><td>12/1/51</td><td>1,063</td><td>1,063</td><td>875</td><td>190</td><td>2% Certificate - 8/15/53-D8</td></tr><tr><td>8/15/53</td><td>1-7/8% Certificate -</td><td>8/15/53-A</td><td>3/1/52</td><td>8,868</td><td>8,868</td><td>8,734</td><td>134</td><td>2-1/4% Certificate - 2/15/54-A 2-1/8% Bond - 12/1/55</td></tr><tr><td>6/1/53</td><td>1-7/8% Certificate - 24</td><td>6/1/53-3 6/15/53-25</td><td>7/1/50 10/7/40</td><td>4,963 725</td><td>4,963 725</td><td>4,430 p 443 p</td><td>553 p 277 p</td><td>2-5/8% Certificate - 6/1/54-B</td></tr><tr><td>8/15/53</td><td>24 Certificate -</td><td>8/15/53-C</td><td>8/15/52</td><td>2,982</td><td>2,982</td><td>2,789 p</td><td>93 p</td><td>2-5/8% Certificate - 8/15/54-D</td></tr><tr><td>9/15/53</td><td>24 Bond -</td><td>9/15/51-53</td><td>9/15/43</td><td>7,986</td><td>7,986</td><td>7,783 p</td><td>263 p</td><td>2-5/8% Certificate - 9/15/54-E 2-7/8% Note - 3/15/57-A</td></tr></table>
Sources: 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 subscription had to be paid for in cash.
4/ The 2% certificates maturing August 15, 1953, were reopened for the December 1 refunding (see Table 3).
p Preliminary.
September 1955
19
UNITED STATES SAVINGS BONDS
United States savings bonds were first offered in March 1935 and began to mature in March 1945. Series A-B 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 principal 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 included at issue price and total redemptions and amounts outstanding at current redemption values. Series G, H, and K are included at face value throughout. Matured bonds which have been redeemed 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 July 31, 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-D)</th><th>Interest-bearing debt</th><th></th></tr><tr><td>Total A-D (matured) 1/.........</td><td>3,349</td><td>1,094</td><td>5,003</td><td>4,913</td><td>90</td><td>-</td><td>-</td></tr><tr><td>Interest-bearing</td><td>69,596</td><td>7,043</td><td>76,739</td><td>40,572 2/</td><td>-</td><td>36,168</td><td>52.87</td></tr><tr><td>Series E and F.........</td><td>29,039 2/</td><td>637</td><td>29,676</td><td>7,973</td><td>-</td><td>21,703</td><td>26.87</td></tr><tr><td>Total Interest-bearing..</td><td>98,735</td><td>7,681</td><td>106,416</td><td>48,545</td><td>-</td><td>57,871</td><td>45.62</td></tr><tr><td>Total A-K....................</td><td>102,684</td><td>8,735</td><td>111,419</td><td>53,457</td><td>90</td><td>57,871</td><td>-</td></tr></table>
Sources: 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>Amount outstanding</th><th></th></tr><tr><td colspan="10">Fiscal years:</td></tr><tr><td>1955-1956</td><td>28,783</td><td>986</td><td>53,769</td><td>8,188</td><td>8,098</td><td>85</td><td>-</td><td>45,598</td></tr><tr><td>1956</td><td>9,612</td><td>573</td><td>10,185</td><td>6,717</td><td>6,579</td><td>138</td><td>18</td><td>49,035</td></tr><tr><td>1957</td><td>1,208</td><td>521</td><td>1,729</td><td>5,345</td><td>5,336</td><td>221</td><td>40</td><td>51,357</td></tr><tr><td>1958</td><td>6,325</td><td>804</td><td>7,129</td><td>2,113</td><td>1,885</td><td>268</td><td>59</td><td>53,374</td></tr><tr><td>1959</td><td>7,181</td><td>927</td><td>8,068</td><td>5,067</td><td>4,721</td><td>346</td><td>73</td><td>56,260</td></tr><tr><td>1950</td><td>5,673</td><td>1,045</td><td>6,718</td><td>5,488</td><td>4,945</td><td>477</td><td>38</td><td>57,536</td></tr><tr><td>1951</td><td>3,143</td><td>1,140</td><td>4,283</td><td>6,137</td><td>4,609</td><td>351</td><td>212</td><td>57,012</td></tr><tr><td>1952</td><td>3,582</td><td>1,207</td><td>4,789</td><td>5,109</td><td>4,680</td><td>469</td><td>122</td><td>57,699</td></tr><tr><td>1953</td><td>4,568</td><td>1,229</td><td>5,797</td><td>5,621</td><td>5,072</td><td>348</td><td>91</td><td>57,866</td></tr><tr><td colspan="10">Calendar years:</td></tr><tr><td>1955-1956</td><td>28,553</td><td>1,251</td><td>59,604</td><td>11,380</td><td>11,244</td><td>137</td><td>41</td><td>48,183</td></tr><tr><td>1956</td><td>7,827</td><td>640</td><td>8,067</td><td>6,427</td><td>6,243</td><td>185</td><td>87</td><td>49,776</td></tr><tr><td>1957</td><td>6,594</td><td>742</td><td>7,436</td><td>5,126</td><td>4,889</td><td>237</td><td>126</td><td>55,053</td></tr><tr><td>1958</td><td>7,295</td><td>872</td><td>8,167</td><td>5,144</td><td>4,880</td><td>303</td><td>146</td><td>55,051</td></tr><tr><td>1959</td><td>3,833</td><td>981</td><td>4,814</td><td>5,101</td><td>4,708</td><td>394</td><td>203</td><td>56,707</td></tr><tr><td>1950</td><td>6,074</td><td>1,109</td><td>7,178</td><td>5,840</td><td>5,323</td><td>217</td><td>229</td><td>58,019</td></tr><tr><td>1951</td><td>3,961</td><td>1,181</td><td>5,142</td><td>5,651</td><td>5,150</td><td>301</td><td>129</td><td>57,587</td></tr><tr><td>1952</td><td>4,361</td><td>1,280</td><td>5,381</td><td>5,074</td><td>4,965</td><td>509</td><td>106</td><td>57,940</td></tr><tr><td colspan="10">Months:</td></tr><tr><td>1955-January</td><td>504</td><td>122</td><td>627</td><td>435</td><td>392</td><td>43</td><td>103</td><td>58,124</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>58,858</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>58,337</td></tr><tr><td>April</td><td>383</td><td>85</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>472</td><td>968</td><td>908</td><td>59</td><td>93</td><td>57,980</td></tr><tr><td>June</td><td>370</td><td>135</td><td>505</td><td>942</td><td>487</td><td>56</td><td>91</td><td>57,886</td></tr><tr><td>July</td><td>402</td><td>124</td><td>527</td><td>941</td><td>225 1/</td><td>17 1/</td><td>90</td><td>57,871</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U.S. Footnotes at end of Table 4.
20
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>Redemptions 3/</th><th>Sales 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="10">Series E and B combined</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></tr><tr><td>1943-1945</td><td>35,374</td><td>418</td><td>35,792</td><td>6,698</td><td>6,668</td><td>26</td><td>29,097</td><td>-</td></tr><tr><td>1946</td><td>6,739</td><td>434</td><td>7,173</td><td>5,922</td><td>5,014</td><td>69</td><td>30,358</td><td>-</td></tr><tr><td>1947</td><td>4,087</td><td>536</td><td>4,623</td><td>4,391</td><td>4,688</td><td>103</td><td>30,791</td><td>-</td></tr><tr><td>1948</td><td>4,066</td><td>633</td><td>4,699</td><td>3,825</td><td>3,699</td><td>136</td><td>31,625</td><td>-</td></tr><tr><td>1949</td><td>4,278</td><td>793</td><td>5,071</td><td>3,930</td><td>3,368</td><td>166</td><td>33,127</td><td>-</td></tr><tr><td>1950</td><td>3,993</td><td>895</td><td>4,887</td><td>3,921</td><td>3,326</td><td>199</td><td>34,494</td><td>-</td></tr><tr><td>1951</td><td>3,872</td><td>1,035</td><td>4,907</td><td>4,693</td><td>3,987</td><td>307</td><td>34,906</td><td>-</td></tr><tr><td>1952</td><td>3,296</td><td>1,112</td><td>4,401</td><td>4,008</td><td>3,585</td><td>425</td><td>34,905</td><td>-</td></tr><tr><td>1953</td><td>4,061</td><td>1,120</td><td>5,181</td><td>4,038</td><td>3,232p</td><td>506p</td><td>36,048</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></tr><tr><td>1943-1945</td><td>39,680</td><td>615</td><td>40,295</td><td>9,568</td><td>9,517</td><td>52</td><td>30,727</td><td>-</td></tr><tr><td>1946</td><td>4,666</td><td>493</td><td>5,159</td><td>5,423</td><td>5,330</td><td>93</td><td>30,653</td><td>-</td></tr><tr><td>1947</td><td>4,005</td><td>979</td><td>4,984</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td><td>-</td></tr><tr><td>1948</td><td>4,204</td><td>696</td><td>4,899</td><td>3,755</td><td>3,775</td><td>194</td><td>30,158</td><td>-</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><td>-</td></tr><tr><td>1950</td><td>3,668</td><td>971</td><td>4,639</td><td>3,932</td><td>3,667</td><td>285</td><td>34,493</td><td>-</td></tr><tr><td>1951</td><td>3,190</td><td>1,080</td><td>4,270</td><td>4,035</td><td>3,688</td><td>345</td><td>34,727</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>37,354</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></tr><tr><td>1953-January</td><td>441</td><td>108</td><td>548</td><td>361</td><td>320</td><td>41</td><td>35,512</td><td>1.02</td></tr><tr><td>February</td><td>362</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>84</td><td>481</td><td>394</td><td>308</td><td>46</td><td>35,784</td><td>.99</td></tr><tr><td>April</td><td>352</td><td>78</td><td>429</td><td>361</td><td>318</td><td>43</td><td>35,982</td><td>1.01</td></tr><tr><td>May</td><td>340</td><td>91</td><td>431</td><td>344</td><td>294p</td><td>50p</td><td>35,939</td><td>.96</td></tr><tr><td>June</td><td>340</td><td>123</td><td>463</td><td>374</td><td>307p</td><td>47p</td><td>36,048</td><td>.98</td></tr><tr><td>July</td><td>370</td><td>109</td><td>478</td><td>358</td><td>344p 1/</td><td>15p 1/</td><td>36,168</td><td>.99</td></tr><tr><td colspan="10">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><td></td></tr><tr><td>1943-1945</td><td>13,461</td><td>30</td><td>13,491</td><td>588</td><td>587</td><td>1</td><td>12,903</td><td>-</td></tr><tr><td>1946</td><td>2,873</td><td>33</td><td>2,906</td><td>697</td><td>694</td><td>3</td><td>15,312</td><td>-</td></tr><tr><td>1947</td><td>2,960</td><td>47</td><td>3,007</td><td>672</td><td>666</td><td>6</td><td>17,608</td><td>-</td></tr><tr><td>1948</td><td>2,609</td><td>61</td><td>2,670</td><td>772</td><td>754</td><td>9</td><td>19,105</td><td>-</td></tr><tr><td>1949</td><td>2,863</td><td>73</td><td>2,935</td><td>835</td><td>823</td><td>12</td><td>23,205</td><td>-</td></tr><tr><td>1950</td><td>1,680</td><td>83</td><td>1,763</td><td>851</td><td>807</td><td>14</td><td>22,147</td><td>-</td></tr><tr><td>1951</td><td>1,871</td><td>90</td><td>1,961</td><td>1,042</td><td>1,021</td><td>21</td><td>23,066</td><td>-</td></tr><tr><td>1952</td><td>669</td><td>96</td><td>765</td><td>1,012</td><td>990</td><td>21</td><td>25,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,572</td><td>1,517p</td><td>33p</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><td></td></tr><tr><td>1943-1945</td><td>14,755</td><td>45</td><td>14,770</td><td>791</td><td>789</td><td>2</td><td>13,979</td><td>-</td></tr><tr><td>1946</td><td>2,962</td><td>40</td><td>3,002</td><td>615</td><td>611</td><td>4</td><td>16,366</td><td>-</td></tr><tr><td>1947</td><td>2,609</td><td>58</td><td>2,667</td><td>715</td><td>708</td><td>7</td><td>18,314</td><td>-</td></tr><tr><td>1948</td><td>3,071</td><td>67</td><td>3,139</td><td>840</td><td>829</td><td>11</td><td>20,613</td><td>-</td></tr><tr><td>1949</td><td>1,686</td><td>78</td><td>1,764</td><td>815</td><td>803</td><td>12</td><td>21,501</td><td>-</td></tr><tr><td>1950</td><td>2,405</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>22,909</td><td>-</td></tr><tr><td>1952</td><td>586</td><td>100</td><td>696</td><td>999</td><td>908</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><td></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>22,623</td><td>.32</td></tr><tr><td>February</td><td>52</td><td>6</td><td>58</td><td>70</td><td>68</td><td>2</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>22,587</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>632p</td><td>9p</td><td>21,821</td><td>.28</td></tr><tr><td>June</td><td>30</td><td>12</td><td>42</td><td>186</td><td>179p</td><td>8p</td><td>21,837</td><td>.85</td></tr><tr><td>July</td><td>33</td><td>16</td><td>48</td><td>183</td><td>181p 1/</td><td>8p 1/</td><td>21,703</td><td>.86</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
September 1955
21
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>Resignations 2/ 3/</th><th>Amount out- standing (interest- bearing debt)</th></tr><tr><td colspan="7">Series E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td>Sales price</td><td>Accrued discount</td></tr><tr><td>1941-1945</td><td>35,376</td><td>418</td><td>35,798</td><td>6,694</td><td>6,668</td><td>26</td><td>29,097</td></tr><tr><td>1946-1949</td><td>6,739</td><td>434</td><td>7,173</td><td>2,912</td><td>5,943</td><td>69</td><td>30,358</td></tr><tr><td>1947</td><td>1,087</td><td>536</td><td>1,623</td><td>1,391</td><td>4,888</td><td>103</td><td>30,791</td></tr><tr><td>1948</td><td>4,026</td><td>633</td><td>4,659</td><td>3,829</td><td>3,699</td><td>136</td><td>31,682</td></tr><tr><td>1949</td><td>4,878</td><td>753</td><td>5,632</td><td>3,530</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>3,921</td><td>3,386</td><td>197</td><td>34,404</td></tr><tr><td>1951</td><td>3,872</td><td>1,039</td><td>4,907</td><td>4,225</td><td>3,907</td><td>307</td><td>35,508</td></tr><tr><td>1952</td><td>3,266</td><td>1,111</td><td>4,377</td><td>4,008</td><td>3,583</td><td>425</td><td>35,875</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>1941-1945</td><td>39,650</td><td>615</td><td>40,265</td><td>9,568</td><td>9,217</td><td>51</td><td>30,787</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>30,853</td></tr><tr><td>1947</td><td>4,089</td><td>579</td><td>4,664</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td></tr><tr><td>1948</td><td>4,284</td><td>666</td><td>4,950</td><td>3,728</td><td>3,575</td><td>154</td><td>32,168</td></tr><tr><td>1949</td><td>4,968</td><td>818</td><td>5,785</td><td>3,448</td><td>3,474</td><td>174</td><td>31,766</td></tr><tr><td>1950</td><td>3,668</td><td>971</td><td>4,639</td><td>3,912</td><td>3,667</td><td>245</td><td>34,493</td></tr><tr><td>1951</td><td>3,190</td><td>1,050</td><td>4,240</td><td>4,035</td><td>3,688</td><td>348</td><td>34,787</td></tr><tr><td>1952</td><td>3,393</td><td>1,120</td><td>4,513</td><td>4,090</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>1953-January</td><td>397</td><td>108</td><td>505</td><td>361</td><td>320</td><td>41</td><td>35,287</td></tr><tr><td>February</td><td>389</td><td>80</td><td>468</td><td>255</td><td>250</td><td>45</td><td>35,100</td></tr><tr><td>March</td><td>359</td><td>88</td><td>443</td><td>338</td><td>306</td><td>46</td><td>35,493</td></tr><tr><td>April</td><td>380</td><td>78</td><td>397</td><td>360</td><td>317</td><td>43</td><td>35,588</td></tr><tr><td>May</td><td>309</td><td>91</td><td>400</td><td>343</td><td>393</td><td>50</td><td>35,250</td></tr><tr><td>June</td><td>309</td><td>123</td><td>432</td><td>353</td><td>306</td><td>47</td><td>35,654</td></tr><tr><td>July</td><td>327</td><td>109</td><td>436</td><td>357</td><td>349</td><td>15</td><td>35,792</td></tr><tr><td colspan="7">Series II 2/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1956</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>385</td></tr><tr><td>Calendar year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1958</td><td>182</td><td>-</td><td>182</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>1953-January</td><td>43</td><td>-</td><td>43</td><td>*</td><td>*</td><td>-</td><td>224</td></tr><tr><td>February</td><td>34</td><td>-</td><td>34</td><td>1</td><td>1</td><td>-</td><td>257</td></tr><tr><td>March</td><td>37</td><td>-</td><td>37</td><td>1</td><td>1</td><td>-</td><td>294</td></tr><tr><td>April</td><td>32</td><td>-</td><td>32</td><td>1</td><td>1</td><td>-</td><td>324</td></tr><tr><td>May</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>354</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><tr><td>July</td><td>43</td><td>-</td><td>43</td><td>1</td><td>1</td><td>-</td><td>426</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
22
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th rowspan="2">Period 6/</th><th rowspan="2">Total</th><th colspan="5">Matured bonds</th><th colspan="3">Unmatured bonds</th></tr><tr><th>Total matured</th><th>Series A-D</th><th>Total</th><th>For cash</th><th>In exchange for Series G or E</th><th>Series F and G</th><th>Total unmatured 1/</th><th>Sales price 1/</th><th>Accrued discount</th></tr><tr><td colspan="11">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>-</td><td>5,320</td><td>4,996</td><td>324</td></tr><tr><td>1952</td><td>5,309</td><td>792</td><td>90</td><td>702</td><td>694</td><td>9</td><td>-</td><td>4,217</td><td>4,045</td><td>271</td></tr><tr><td>1953</td><td>5,621</td><td>1,761</td><td>31</td><td>1,128</td><td>1,126</td><td>2</td><td>602 8/</td><td>3,860</td><td>3,562</td><td>238</td></tr><tr><td colspan="11">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>-</td><td>4,853</td><td>4,583</td><td>270</td></tr><tr><td>1951</td><td>5,651</td><td>772</td><td>522</td><td>250</td><td>245</td><td>5</td><td>-</td><td>4,879</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>-</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><td colspan="11">Months:</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>-</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>-</td><td>257</td><td>238</td><td>19</td></tr><tr><td>March</td><td>450</td><td>107</td><td>3</td><td>105</td><td>104</td><td>*</td><td>-</td><td>323</td><td>302</td><td>21</td></tr><tr><td>April</td><td>427</td><td>106</td><td>2</td><td>104</td><td>104</td><td>*</td><td>-</td><td>321</td><td>303</td><td>18</td></tr><tr><td>May</td><td>968</td><td>585</td><td>2</td><td>121</td><td>121</td><td>*</td><td>461 8/</td><td>383</td><td>369</td><td>18</td></tr><tr><td>June</td><td>548</td><td>293</td><td>2</td><td>110</td><td>110</td><td>*</td><td>141 8/</td><td>289</td><td>269</td><td>20</td></tr><tr><td>July 3/</td><td>541</td><td>72</td><td>1</td><td>37</td><td>37</td><td>*</td><td>34 8/</td><td>470</td><td>463</td><td>6</td></tr></table>
Source: Daily Treasury Statement.
Details by series on a cumulative basis and by periods for Series A-B combined will be found in the February 1952 and previous issues of the "Treasury Bulletin".
2/ Includes exchanges of matured Series B bonds for Series C bonds beginning May 1951 and for Series X bonds beginning May 1952.
3/ Includes both matured and unmatured bonds; see Table 4.
Because of a change in procedure in July 1953 for processing redeemed savings bonds, the amount of redemptions not yet classified at the end of the month as between matured and unmatured is larger than normal. This situation will be reversed as these redemptions are classified.
Since the unclassified redemptions are included in these tables at issue price, the relation between issue price and accrued discount is somewhat distorted also. Sales began June 1, 1952.
5/ Sales began June 1, 1952.
6/ Comparable data are not available prior to January 1950.
7/ Includes redemptions not yet classified between matured and unmatured
8/ Includes exchanges of Series 1941 F and G savings bonds for Treasury
3-1/4% bonds of 1978-83.
* Less than $500,000.
P Preliminary.
September 1955
23
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-l. 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 July 31, 1953
(In millions of dollars)
<table><tr><th rowspan="2">Series</th><th rowspan="2">Sales</th><th colspan="3">Redemption</th><th colspan="2">Amount outstanding</th></tr><tr><th>Total</th><th>For cash</th><th>For taxes</th><th>Natural debt</th><th>Interest-bearing debt</th></tr><tr><td>Series A (tax series)</td><td>4,071</td><td>406</td><td>68</td><td>339</td><td>1</td><td>-</td></tr><tr><td>Series B (tax series)</td><td>4,994</td><td>4,994</td><td>180</td><td>4,761</td><td>*</td><td>-</td></tr><tr><td>Series C</td><td>38,438</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>12,333</td><td>12,216</td><td>9,168</td><td>3,047</td><td>3</td><td>118</td></tr><tr><td>Series A</td><td>9,107</td><td>7,821</td><td>3,756</td><td>4,085</td><td>-</td><td>1,365</td></tr><tr><td>Series B</td><td>3,232</td><td>5</td><td>*</td><td>5</td><td>-</td><td>3,227</td></tr><tr><td>Total</td><td>62,540</td><td>57,825</td><td>24,194</td><td>33,631</td><td>9</td><td>4,706</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 rowspan="2">Period</th><th rowspan="2">Sales</th><th colspan="3">Redemption 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th>Total</th><th>For cash</th><th>For taxes</th><th>Matured debt</th><th>Interest-bearing debt</th></tr><tr><td colspan="7">Fiscal years:</td></tr><tr><td>1946-47</td><td>28,867</td><td>18,725</td><td>1,256</td><td>17,469</td><td>6</td><td>10,136</td></tr><tr><td>1946</td><td>3,225</td><td>6,535</td><td>2,630</td><td>4,305</td><td>20</td><td>6,711</td></tr><tr><td>1947</td><td>3,077</td><td>4,200</td><td>2,139</td><td>2,015</td><td>28</td><td>3,550</td></tr><tr><td>1948</td><td>2,144</td><td>3,303</td><td>1,972</td><td>1,331</td><td>35</td><td>4,334</td></tr><tr><td>1949</td><td>3,928</td><td>3,528</td><td>2,079</td><td>1,451</td><td>36</td><td>4,660</td></tr><tr><td>1950</td><td>6,150</td><td>5,649</td><td>1,010</td><td>1,039</td><td>50</td><td>6,100</td></tr><tr><td>1951</td><td>5,142</td><td>2,759</td><td>4,633</td><td>1,266</td><td>18</td><td>7,818</td></tr><tr><td>1952</td><td>4,955</td><td>5,176</td><td>3,437</td><td>2,737</td><td>14</td><td>6,012</td></tr><tr><td>1953</td><td>4,224</td><td>6,338</td><td>4,307</td><td>2,038</td><td>10</td><td>4,433</td></tr><tr><td colspan="7">Calendar years:</td></tr><tr><td>1941-42</td><td>31,090</td><td>22,737</td><td>2,591</td><td>20,046</td><td>77</td><td>8,233</td></tr><tr><td>1946</td><td>2,789</td><td>5,309</td><td>2,337</td><td>2,968</td><td>72</td><td>5,755</td></tr><tr><td>1947</td><td>2,955</td><td>3,844</td><td>1,601</td><td>1,353</td><td>36</td><td>5,338</td></tr><tr><td>1948</td><td>3,032</td><td>3,671</td><td>2,446</td><td>1,409</td><td>56</td><td>5,772</td></tr><tr><td>1949</td><td>2,971</td><td>2,921</td><td>1,938</td><td>1,366</td><td>49</td><td>7,610</td></tr><tr><td>1950</td><td>3,013</td><td>2,522</td><td>1,502</td><td>1,990</td><td>40</td><td>8,030</td></tr><tr><td>1951</td><td>2,823</td><td>6,322</td><td>5,597</td><td>1,629</td><td>47</td><td>7,534</td></tr><tr><td>1952</td><td>3,726</td><td>5,310</td><td>2,954</td><td>2,946</td><td>28</td><td>5,770</td></tr><tr><td colspan="7">Months:</td></tr><tr><td>1953-January</td><td>137</td><td>202</td><td>164</td><td>41</td><td>26</td><td>5,675</td></tr><tr><td>February</td><td>80</td><td>113</td><td>81</td><td>34</td><td>19</td><td>5,598</td></
Source: Office of the Treasurer of the U.S.; Daily Treasury Statement 1/ Includes both matured and unmatured notes.
24
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="3">Total Federal securities outstanding</th><th colspan="3">Held by U.S. Government investment accounts</th><th colspan="3">Held by Federal Reserve Banks - public issues</th><th colspan="3">Held by private investors</th><th colspan="3">Total interest-bearing securities guaranteed by the U.S. Government</th><th rowspan="2">Matured debt and debt bearing no interest</th></tr><tr><th>Total</th><th>Total outstanding</th><th>Total</th><th>Public issues</th><th>Special issues</th><th>Total</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th>Total</th><th>Held by U.S. Government investment accounts</th><th>Held by private investors</th><th>Public non-marketable issues</th><th>Public marketable issues</th></tr><tr><td>1945</td><td>299,115</td><td>296,377</td><td>24,934</td><td>6,122</td><td>18,812</td><td>21,792</td><td>209,630</td><td>153,421</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>269,099</td><td>266,111</td><td>29,121</td><td>6,709</td><td>22,332</td><td>23,783</td><td>213,206</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>293,375</td><td>297,113</td><td>32,090</td><td>5,443</td><td>27,356</td><td>21,572</td><td>230,432</td><td>181,423</td><td>59,010</td><td>63</td><td>2</td><td>37</td><td>45</td><td>3,179</td></tr><tr><td>1948</td><td>292,366</td><td>290,063</td><td>35,761</td><td>5,550</td><td>30,211</td><td>21,356</td><td>195,936</td><td>133,267</td><td>59,369</td><td>69</td><td>-</td><td>27</td><td>42</td><td>2,234</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>297,377</td><td>295,209</td><td>37,830</td><td>5,474</td><td>32,356</td><td>18,331</td><td>139,068</td><td>131,629</td><td>67,439</td><td>17</td><td>-</td><td>16</td><td>1</td><td>2,150</td></tr><tr><td>1951</td><td>293,501</td><td>292,892</td><td>40,298</td><td>5,309</td><td>34,633</td><td>22,982</td><td>183,911</td><td>111,563</td><td>77,249</td><td>27</td><td>*</td><td>27</td><td>*</td><td>2,372</td></tr><tr><td>1952</td><td>299,121</td><td>295,863</td><td>44,339</td><td>6,596</td><td>37,739</td><td>22,906</td><td>189,683</td><td>115,185</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>7,021</td><td>40,538</td><td>24,746</td><td>191,640</td><td>119,129</td><td>72,511</td><td>51</td><td>*</td><td>51</td><td>-</td><td>2,126</td></tr><tr><td>1952-Dec.</td><td>267,445</td><td>265,293</td><td>45,891</td><td>6,742</td><td>39,120</td><td>24,697</td><td>194,705</td><td>120,709</td><td>73,996</td><td>53</td><td>*</td><td>52</td><td>*</td><td>2,100</td></tr><tr><td>1953-Jan.</td><td>267,450</td><td>265,323</td><td>45,991</td><td>6,894</td><td>39,097</td><td>23,944</td><td>195,389</td><td>121,393</td><td>74,086</td><td>47</td><td>1</td><td>45</td><td>1</td><td>2,080</td></tr><tr><td>Feb.</td><td>267,634</td><td>265,489</td><td>46,171</td><td>6,869</td><td>39,302</td><td>23,877</td><td>195,443</td><td>121,268</td><td>74,175</td><td>49</td><td>1</td><td>48</td><td>*</td><td>2,096</td></tr><tr><td>Mar.</td><td>264,336</td><td>262,380</td><td>46,260</td><td>6,906</td><td>39,354</td><td>23,006</td><td>196,313</td><td>118,984</td><td>77,469</td><td>50</td><td>2</td><td>48</td><td>*</td><td>2,106</td></tr><tr><td>Apr.</td><td>264,642</td><td>262,590</td><td>46,337</td><td>6,963</td><td>39,474</td><td>23,880</td><td>196,333</td><td>118,997</td><td>77,375</td><td>51</td><td>2</td><td>49</td><td>-</td><td>2,041</td></tr><tr><td>May</td><td>266,976</td><td>264,349</td><td>46,767</td><td>7,097</td><td>39,730</td><td>24,646</td><td>193,431</td><td>120,587</td><td>72,934</td><td>53</td><td>3</td><td>51</td><td>-</td><td>2,075</td></tr><tr><td>June</td><td>266,423</td><td>263,945</td><td>47,560</td><td>7,021</td><td>40,538</td><td>24,746</td><td>191,640</td><td>119,129</td><td>72,511</td><td>51</td><td>*</td><td>51</td><td>*</td><td>2,126</td></tr><tr><td>July</td><td>272,732</td><td>270,603</td><td>47,599</td><td>7,009</td><td>40,594</td><td>24,964</td><td>198,040</td><td>129,334</td><td>72,686</td><td>62</td><td>2</td><td>60</td><td>-</td><td>2,067</td></tr></table>
Sources: 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
Excludes guaranteed securities held by the Treasury.
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
4/ All public marketable issues.
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
(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>Sep.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1980</td><td>-9.5</td><td>-80.9</td><td>-5.7</td><td>-1.6</td><td>-1</td><td>.9</td><td>*</td><td>*</td><td>-3</td><td>-4.4</td><td>-3</td><td>-1.1</td></tr><tr><td>1981</td><td>-6.8</td><td>12.0</td><td>*</td><td>-7.1</td><td>-8</td><td>-4</td><td>*</td><td>-8.4</td><td>-4.5</td><td>-2</td><td>*</td><td>60.0</td></tr><tr><td>1982</td><td>-2</td><td>30.0</td><td>5.8</td><td>-3</td><td>*</td><td>-3</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>1.0</td><td>-5</td><td>*</td></tr><tr><td>1983</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>-4</td><td>-35.6</td><td>-145.8</td><td>-18.5</td><td>-19.0</td><td>-28.1</td><td>*</td><td>-5.0</td><td>4.8</td></tr><tr><td>1984</td><td>-9.9</td><td>-103.1</td><td>-11.5</td><td>-16.2</td><td>-10.0</td><td>20.5</td><td>-17.0</td><td>-2</td><td>-12.5</td><td>-3</td><td>-5.9</td><td>-12.0</td></tr><tr><td>1985</td><td>-67.5</td><td>-45.1</td><td>-5.9</td><td>-25.6</td><td>-34.4</td><td>-56.1</td><td>-157.8</td><td>-41.8</td><td>-71.1</td><td>-123.0</td><td>-57.6</td><td>-20.3</td></tr><tr><td>1986</td><td>-8.1</td><td>-7</td><td>-4.7</td><td>-3.3</td><td>-338.6</td><td>-399.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>221.0</td><td>696.4</td></tr><tr><td>1987</td><td>-1</td><td>175.9</td><td>106.8</td><td>-12.1</td><td>-30.4</td><td>1.1</td><td>5.4</td><td>4.4</td><td>7.2</td><td>-1</td><td>-8</td><td>-2</td></tr><tr><td>1988</td><td>8.8</td><td>-1.8</td><td>5.1</td><td>1.5</td><td>-54.7</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>1989</td><td>-5.6</td><td>13.5</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>5.0</td><td>3.8</td><td>10.7</td><td>7.0</td></tr><tr><td>1990</td><td>36.8</td><td>60.2</td><td>438.7</td><td>8.1</td><td>1.4</td><td>3.4</td><td>2</td><td>4.7</td><td>2.8</td><td>8.4</td><td>3.6</td><td>39.0</td></tr><tr><td>1991</td><td>22.1</td><td>5.7</td><td>12.9</td><td>19.9</td><td>0.9</td><td>1.5</td><td>1.4</td><td>1.9</td><td>3.5</td><td>16.5</td><td>11.7</td><td>0.2</td></tr><tr><td>1992</td><td>24.6</td><td>8.8</td><td>12.9</td><td>36.2</td><td>35.9</td><td>20.1</td><td>7.9</td><td>1.9</td><td>3.5</td><td>16.9</td><td>11.7</td><td>0.2</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 $50,000.
September 1955
25
OWNERSHIP OF FEDERAL SECURITIES
Table 3.- Estimated Ownership of Federal Securities
(For values 1/ - in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstanding</th><th colspan="3">Held by banks</th><th colspan="7">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial bank</th><th>Federal Reserve Bank</th><th>U. S. Government investment accounts</th><th>Total</th><th>Individuals</th><th>Individuals</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporate</th><th>State and local government</th><th>Miscellaneous</th></tr><tr><th></th><th></th><th></th><th>$/</th><th>$/</th><th>$/</th><th>$/</th><th>Total</th><th>$/</th><th>$/</th><th>$/</th><th>$/</th><th>$/</th><th>$/</th></tr><tr><td>1939-December</td><td>47.6</td><td>18.4</td><td>15.9</td><td>2.5</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>22.8</td><td>10.1</td><td>2.6</td><td>7.5</td><td>6.2</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>23.9</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>2.2</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>9.1</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>32.2</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>15.9</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>2.2</td><td>4.4</td></tr><tr><td>1944-June</td><td>206.6</td><td>83.3</td><td>68.4</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>6.2</td></tr><tr><td>December</td><td>232.1</td><td>95.5</td><td>77.7</td><td>15.8</td><td>21.7</td><td>114.0</td><td>53.3</td><td>35.2</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>84.2</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>22.9</td><td>5.3</td><td>8.3</td></tr><tr><td>December</td><td>270.7</td><td>125.0</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>21.4</td><td>28.0</td><td>10.7</td><td>22.0</td><td>6.5</td><td>9.1</td></tr><tr><td>1946-February (Febk)</td><td>279.8</td><td>116.7</td><td>93.8</td><td>28.9</td><td>28.0</td><td>139.1</td><td>64.2</td><td>43.3</td><td>20.8</td><td>28.4</td><td>11.2</td><td>19.9</td><td>6.7</td><td>8.9</td></tr><tr><td>June</td><td>285.9</td><td>108.9</td><td>94.4</td><td>23.8</td><td>29.1</td><td>132.0</td><td>59.8</td><td>43.5</td><td>20.0</td><td>28.9</td><td>11.5</td><td>17.9</td><td>6.5</td><td>8.6</td></tr><tr><td>December</td><td>259.5</td><td>97.9</td><td>74.5</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>91.9</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>28.6</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>31.3</td><td>129.7</td><td>65.5</td><td>47.0</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>132.2</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>65.8</td><td>18.9</td><td>39.4</td><td>138.1</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>17.8</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>65.5</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>255.0</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>16.8</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>255.3</td><td>81.4</td><td>58.4</td><td>23.0</td><td>41.0</td><td>138.9</td><td>64.7</td><td>49.2</td><td>15.6</td><td>17.1</td><td>10.8</td><td>20.8</td><td>9.4</td><td>10.7</td></tr><tr><td>September</td><td>257.4</td><td>82.2</td><td>59.2</td><td>23.7</td><td>42.0</td><td>132.6</td><td>64.3</td><td>49.2</td><td>15.2</td><td>16.4</td><td>10.1</td><td>21.3</td><td>9.5</td><td>10.6</td></tr><tr><td>December</td><td>252.0</td><td>82.4</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>259.0</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>49.1</td><td>15.0</td><td>15.4</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>81.8</td><td>61.2</td><td>22.5</td><td>42.9</td><td>131.8</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>49.2</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>83.3</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>130.8</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>263.1</td><td>85.6</td><td>62.7</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>254.1</td><td>82.0</td><td>61.0</td><td>23.1</td><td>45.1</td><td>131.7</td><td>64.4</td><td>49.0</td><td>15.1</td><td>15.1</td><td>9.7</td><td>20.7</td><td>10.8</td><td>11.5</td></tr><tr><td>September</td><td>262.7</td><td>85.3</td><td>63.6</td><td>23.7</td><td>45.1</td><td>132.4</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>49.2</td><td>15.1</td><td>16.0</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>85.7</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>21.8</td><td>11.1</td><td>12.5</td></tr><tr><td>March</td><td>264.5</td><td>83.3</td><td>59.6</td><td>23.9</td><td>46.3</td><td>135.4</td><td>65.0</td><td>49.5</td><td>15.2</td><td>16.0</td><td>9.6</td><td>20.7</td><td>11.3</td><td>12.5</td></tr><tr><td>April</td><td>264.6</td><td>82.9</td><td>59.2</td><td>23.9</td><td>46.3</td><td>135.4</td><td>64.2</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>137.2</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><tr><td>June</td><td>266.1</td><td>83.4</td><td>58.7</td><td>24.7</td><td>47.6</td><td>135.1</td><td>65.1</td><td>49.3</td><td>15.9</td><td>15.9</td><td>9.5</td><td>19.9</td><td>11.8</td><td>12.9</td></tr></table>
1/ United States savings bonds, Series A-F and J, are included at current redemption values
2/ Securities issued or guaranteed by the U. S. Government, excluding commercial securities issued by the Government
3/ Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments
4/ Holdings by Federal land banks are included under "Miscellaneous investments" instead of "U. S. Government investment accounts" beginning June 30, 1947, since the proprietary interest of the Miscellaneous in these banks ended June 26, 1947.
5/ Includes partnerships and personal trust accounts. Nonprofit institutions
1/ Exclusive of banks and insurance companies.
2/ For deposits, sinking and investment funds of State and local governments and their agencies, and Territories and island possessions, includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, and investments of foreign balances and international accounts in this country. See accompanying chart, which includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund.
3/ In special noninterest-bearing notes issued by the U. S. Government.
26
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, JUNE 30, 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
(Per values - in millions of dollars)
<table><tr><th>Classification</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>7,052 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies</th><th>604 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td><td>31k</td><td>1ife</td><td></td><td></td></tr><tr><td>Public marketable</td><td>147,396</td><td>51,211</td><td>7,508</td><td>6,823</td><td>4,455</td><td>28,205</td><td>49,783</td></tr><tr><td>Public nonmarketable 3/</td><td>76,073</td><td>2,214</td><td>2,095</td><td>3,737</td><td>935</td><td>3,562</td><td>63,620</td></tr><tr><td>Special issues</td><td>40,538</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,538</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>263,997</td><td>53,425</td><td>9,513</td><td>9,960</td><td>5,390</td><td>72,305</td><td>113,403</td></tr><tr><td>Matured debt and debt bearing no interest 5/</td><td>2,126</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>266,123</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="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>7,092 commercial banks 1/2/</th><th>526 mutual savings banks 1/</th><th>316 life</th><th>604 fire, casualty and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>1/</th></tr><tr><td>Type of security:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>19,707</td><td>1,411</td><td>120</td><td>387</td><td>132</td><td>1,561</td><td>13,195</td></tr><tr><td>Certificates of indebtedness</td><td>15,924</td><td>1,351</td><td>87</td><td>27</td><td>310</td><td>5,068</td><td>6,092</td></tr><tr><td>Treasury notes - bank eligible</td><td>30,425</td><td>10,335</td><td>62</td><td></td><td>369</td><td>13,797</td><td>5,678</td></tr><tr><td>Treasury bonds - bank restricted 1/</td><td>63,580</td><td>31,650</td><td>1,711</td><td>2,628</td><td>2,011</td><td>3,028</td><td>3,138</td></tr><tr><td>Total savings and Pecunius Casual bonds</td><td>17,245</td><td>331</td><td>2,321</td><td>3,287</td><td>672</td><td>2,772</td><td>7,699</td></tr><tr><td>Guaranteed by U. S. Government 1/</td><td>126</td><td>15</td><td>15</td><td>*</td><td>1</td><td>23</td><td>8</td></tr><tr><td></td><td>51</td><td>27</td><td>6</td><td>9</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total</td><td>147,336</td><td>51,211</td><td>7,508</td><td>6,223</td><td>4,455</td><td>28,206</td><td>49,783</td></tr><tr><td>Maturity classes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>61,589</td><td>13,530</td><td>475</td><td>330</td><td>1,032</td><td>15,667</td><td>27,333</td></tr><tr><td>1 to 5 years</td><td>32,130</td><td>15,344</td><td>464</td><td>109</td><td>914</td><td>6,604</td><td>2,892</td></tr><tr><td>5 to 10 years</td><td>16,677</td><td>8,772</td><td>1,395</td><td>745</td><td>1,104</td><td>1,796</td><td>4,955</td></tr><tr><td>10 to 15 years</td><td>3,622</td><td>1,312</td><td>373</td><td>330</td><td>158</td><td>266</td><td>655</td></tr><tr><td>15 to 20 years</td><td>26,245</td><td>2,569</td><td>4,683</td><td>4,500</td><td>1,148</td><td>3,718</td><td>9,987</td></tr><tr><td>Over 20 years</td><td>1,592</td><td>108</td><td>111</td><td>120</td><td>39</td><td>125</td><td>1,059</td></tr><tr><td>Various (Federal Housing Administration debentures)</td><td>51</td><td>27</td><td>6</td><td>9</td><td>*</td><td>*</td><td>8</td></tr><tr><td>Total</td><td>147,336</td><td>51,211</td><td>7,508</td><td>6,223</td><td>4,455</td><td>28,206</td><td>49,783</td></tr><tr><td>Tax status: 1/</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>126</td><td>15</td><td>*</td><td>*</td><td>1</td><td>23</td><td>8</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>6,678</td><td>5,251</td><td>5</td><td>7</td><td>201</td><td>26</td><td>891</td></tr><tr><td>Subject to Federal income taxes 1/</td><td>140,584</td><td>45,645</td><td>7,502</td><td>6,217</td><td>4,253</td><td>28,157</td><td>48,811</td></tr><tr><td>Total</td><td>147,336</td><td>51,211</td><td>7,508</td><td>6,223</td><td>4,455</td><td>28,206</td><td>49,783</td></tr></table>
Footnotes et seq. of Section II.
September 1953
27
TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status &frac12; is shown in parentheses)</th><th>Total amount outstanding</th><th>7,052 commercial banks &frac12; &frac12;</th><th>266 mutual savings banks &frac12; &frac12;</th><th>Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Filed by all other investors &frac12; &frac12;</th></tr><tr><td>Treasury bills:</td><td></td><td></td><td></td><td>314 life</td><td>604 fire, casualty, and marine</td><td></td><td></td></tr><tr><td>Regular Series................. (taxable)</td><td>18,906</td><td>4,014</td><td>115</td><td>387</td><td>131</td><td>1,561</td><td>12,739</td></tr><tr><td>Tax Anticipation Series......... (taxable)</td><td>800</td><td>377</td><td>5</td><td>*</td><td>1</td><td>*</td><td>416</td></tr><tr><td>Total Treasury bills............</td><td>19,707</td><td>4,411</td><td>120</td><td>387</td><td>132</td><td>1,561</td><td>13,155</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>2% August 1953-A................. (taxable)</td><td>2,882</td><td>1,100</td><td>11</td><td>10</td><td>88</td><td>177</td><td>1,495</td></tr><tr><td>2-1/4 February 1954-A............ (taxable)</td><td>8,114</td><td>1,634</td><td>28</td><td>7</td><td>120</td><td>3,693</td><td>2,631</td></tr><tr><td>2-5/8 June 1954-B................. (taxable)</td><td>4,858</td><td>1,617</td><td>9</td><td>9</td><td>102</td><td>1,155</td><td>1,985</td></tr><tr><td>Total certificates of indebtedness....</td><td>15,854</td><td>4,351</td><td>87</td><td>27</td><td>310</td><td>5,026</td><td>6,092</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 1953-A............ (taxable)</td><td>10,542</td><td>931</td><td>29</td><td>2</td><td>77</td><td>7,507</td><td>1,996</td></tr><tr><td>1-3/8 March 1954-A................. (taxable)</td><td>4,675</td><td>2,944</td><td>6</td><td>*</td><td>155</td><td>245</td><td>1,625</td></tr><tr><td>1-1/2 March 1955-A................. (taxable)</td><td>5,365</td><td>3,991</td><td>13</td><td>*</td><td>183</td><td>91</td><td>1,007</td></tr><tr><td>1-3/4 December 1955-B............. (taxable)</td><td>6,854</td><td>2,567</td><td>7</td><td>2</td><td>106</td><td>3,241</td><td>931</td></tr><tr><td>1-1/2 April 1956-B................. (taxable)</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 1956-B............. (taxable)</td><td>550</td><td>42</td><td>2</td><td>*</td><td>*</td><td>500</td><td>6</td></tr><tr><td>1-1/2 April 1957-B................. (taxable)</td><td>331</td><td>27</td><td>*</td><td>*</td><td>2</td><td>500</td><td>8</td></tr><tr><td>1-1/2 October 1957-BD............ (taxable)</td><td>824</td><td>83</td><td>3</td><td>1</td><td>5</td><td>714</td><td>39</td></tr><tr><td>1-1/2 April 1958-A................. (taxable)</td><td>77</td><td>63</td><td>3</td><td>1</td><td>1</td><td>*</td><td>9</td></tr><tr><td>Total Treasury notes...............</td><td>30,425</td><td>10,355</td><td>62</td><td>5</td><td>289</td><td>13,797</td><td>5,678</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% September 1951-53............ (taxable)</td><td>7,996</td><td>3,730</td><td>159</td><td>24</td><td>235</td><td>863</td><td>2,975</td></tr><tr><td>2 December 1951-55............ (taxable)</td><td>510</td><td>332</td><td>7</td><td>*</td><td>18</td><td>8</td><td>145</td></tr><tr><td>2 June 1952-54................. (taxable)</td><td>5,825</td><td>3,533</td><td>75</td><td>10</td><td>173</td><td>465</td><td>1,590</td></tr><tr><td>2-1/4 June 1952-55............ (taxable)</td><td>1,501</td><td>928</td><td>65</td><td>21</td><td>32</td><td>101</td><td>309</td></tr><tr><td>2-1/4 December 1952-54........ (taxable)</td><td>8,682</td><td>5,802</td><td>94</td><td>18</td><td>223</td><td>899</td><td>2,268</td></tr><tr><td>2-1/4 June 1953-55............ (partially)</td><td>681</td><td>973</td><td>1</td><td>*</td><td>28</td><td>*</td><td>78</td></tr><tr><td>2-7/8 March 1955-60............ (partially)</td><td>2,511</td><td>1,931</td><td>3</td><td>1</td><td>77</td><td>20</td><td>560</td></tr><tr><td>2-1/2 March 1956-58............ (taxable)</td><td>1,149</td><td>1,139</td><td>30</td><td>10</td><td>34</td><td>21</td><td>513</td></tr><tr><td>2-1/4 September 1956-59........ (taxable)</td><td>3,822</td><td>2,961</td><td>36</td><td>46</td><td>71</td><td>60</td><td>647</td></tr><tr><td>2-3/8 September 1956-59........ (partially)</td><td>982</td><td>893</td><td>1</td><td>*</td><td>30</td><td>3</td><td>55</td></tr><tr><td>2-3/8 March 1957-59............ (taxable)</td><td>927</td><td>466</td><td>23</td><td>*</td><td>8</td><td>339</td><td>91</td></tr><tr><td>2-3/8 June 1958................. (taxable)</td><td>4,245</td><td>2,758</td><td>239</td><td>57</td><td>262</td><td>106</td><td>862</td></tr><tr><td>2-3/4 June 1958-63............ (partially)</td><td>919</td><td>836</td><td>*</td><td>*</td><td>38</td><td>1</td><td>45</td></tr><tr><td>2-1/2 December 1958-60........ (taxable)</td><td>660</td><td>410</td><td>29</td><td>*</td><td>12</td><td>37</td><td>138</td></tr><tr><td>2-1/4 June 1959-62............ (taxable)</td><td>3,779</td><td>999</td><td>97</td><td>372</td><td>288</td><td>382</td><td>1,084</td></tr><tr><td>2-1/4 December 1959-62........ (taxable)</td><td>3,467</td><td>820</td><td>345</td><td>327</td><td>342</td><td>724</td><td>1,450</td></tr><tr><td>2-1/4 December 1960-63........ (partially)</td><td>1,485</td><td>1,895</td><td>1</td><td>6</td><td>29</td><td>1</td><td>149</td></tr><tr><td>2-1/2 June 1962-67............ (taxable)</td><td>2,117</td><td>512</td><td>371</td><td>344</td><td>140</td><td>265</td><td>485</td></tr><tr><td>2-1/2 December 1963-68........ (taxable)</td><td>2,828</td><td>135</td><td>719</td><td>549</td><td>262</td><td>367</td><td>796</td></tr><tr><td>2-1/2 June 1964-69............ (taxable)</td><td>3,756</td><td>88</td><td>1,324</td><td>710</td><td>185</td><td>429</td><td>1,020</td></tr><tr><td>2-1/2 September 1967-72........ (taxable)</td><td>2,716</td><td>1,992</td><td>119</td><td>14</td><td>39</td><td>146</td><td>452</td></tr><tr><td>3-1/4 June 1978-83............ (taxable)</td><td>1,592</td><td>108</td><td>111</td><td>120</td><td>39</td><td>155</td><td>1,059</td></tr><tr><td>Total bank eligible:</td><td>63,980</td><td>31,660</td><td>4,711</td><td>2,628</td><td>2,811</td><td>5,024</td><td>17,145</td></tr><tr><td>Bank restricted 1/2:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/8 December 1964-69........ (taxable)</td><td>3,833</td><td>33</td><td>951</td><td>1,035</td><td>222</td><td>550</td><td>1,311</td></tr><tr><td>2-1/2 March 1965-70............ (taxable)</td><td>4,723</td><td>32</td><td>856</td><td>1,138</td><td>163</td><td>1,136</td><td>1,898</td></tr><tr><td>2-1/2 March 1966-71............ (taxable)</td><td>2,963</td><td>42</td><td>409</td><td>869</td><td>123</td><td>667</td><td>953</td></tr><tr><td>2-1/2 June 1967-72............ (taxable)</td><td>1,994</td><td>88</td><td>259</td><td>50</td><td>51</td><td>140</td><td>1,305</td></tr><tr><td>2-1/2 December 1967-72........ (taxable)</td><td>3,932</td><td>175</td><td>145</td><td>75</td><td>113</td><td>261</td><td>3,063</td></tr><tr><td>Total bank restricted:</td><td>17,492</td><td>391</td><td>2,521</td><td>3,227</td><td>672</td><td>2,775</td><td>7,659</td></tr><tr><td>Total Treasury bonds:</td><td>81,285</td><td>32,051</td><td>7,232</td><td>5,855</td><td>3,483</td><td>7,799</td><td>24,806</td></tr></table>
Footnotes at end of Section II.
(Continued on following page)
28
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 5/ 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>7,052 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies 31k life</th><th>60a 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) Panama Canal bonds.....................(wholly)</td><td>7b 50</td><td>8 7</td><td>*</td><td>*</td><td>*</td><td>23 *</td><td>42 42</td></tr><tr><td>Total other bonds</td><td>124</td><td>15</td><td>*</td><td>*</td><td>1</td><td>23</td><td>8</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>27</td><td>6</td><td>9</td><td>*</td><td>*</td><td>8</td></tr><tr><td>Total public marketable securities.........</td><td>147,356</td><td>51,211</td><td>7,508</td><td>6,223</td><td>4,459</td><td>28,206</td><td>49,783</td></tr></table>
Footnotes at end of Section II.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par value - in millions of dollars)
<table><tr><th>Issue (Tax status &frac12; is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="6">Held by investors covered in Treasury Survey</th><th>Held by all other investors &frac12;</th></tr><tr><th></th><th></th><th>7,052 commercial banks &frac12; &frac12;</th><th>506 mutual savings banks &frac12;</th><th>Insurance companies 31a 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>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series E &frac12;.... (taxable)</td><td>35,664</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>35,663</td></tr><tr><td>Series F &frac12;.... (taxable)</td><td>3,709</td><td>453</td><td>14</td><td>36</td><td>80</td><td>1</td><td>3,122</td></tr><tr><td>Series G.... (taxable)</td><td>17,268</td><td>923</td><td>590</td><td>273</td><td>439</td><td>19</td><td>15,324</td></tr><tr><td>Series H.... (taxable)</td><td>395</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>395</td></tr><tr><td>Series J &frac12;.... (taxable)</td><td>158</td><td>1</td><td>*</td><td>1</td><td>1</td><td>*</td><td>146</td></tr><tr><td>Series K.... (taxable)</td><td>853</td><td>1</td><td>5</td><td>2</td><td>11</td><td>1</td><td>433</td></tr><tr><td>Total United States savings bonds</td><td>57,886</td><td>1,377</td><td>569</td><td>311</td><td>535</td><td>21</td><td>55,073</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.... (taxable)</td><td>4,453</td><td>20</td><td>*</td><td>*</td><td>11</td><td>1</td><td>4,420</td></tr><tr><td>Depositary bonds.... (taxable)</td><td>447</td><td>447 11/</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment Series A.... (taxable)</td><td>948</td><td>188</td><td>122</td><td>293</td><td>36</td><td>100</td><td>208</td></tr><tr><td>Investment Series B.... (taxable)</td><td>12,340</td><td>182</td><td>1,114</td><td>3,133</td><td>353</td><td>3,439</td><td>3,212</td></tr><tr><td>Total other U.S. securities</td><td>18,187</td><td>837 11/</td><td>1,436</td><td>3,426</td><td>400</td><td>3,540</td><td>8,948</td></tr><tr><td>Total public nonmarketable securities</td><td>76,073</td><td>2,214 11/</td><td>2,005</td><td>3,737</td><td>935</td><td>3,562</td><td>63,680</td></tr></table>
Footnotes at end of Section II.
September 1955
29
TREASURY SURVEY OF OWNERSHIP, JUNE 30, 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 §/ 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</th></tr><tr><th></th><th></th><th>7,052 commercial banks 1/ 2/</th><th>526 mutual savings banks 3/</th><th>Insurance companies 3/ life</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>60% fire, casualty, and marine</th><th>1/</th></tr><tr><td>Federal intermediate credit banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debentures..................(taxable)</td><td>781</td><td>396</td><td>28</td><td>4</td><td>25</td><td>-</td><td>328</td></tr><tr><td>Central Bank for Cooperatives:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/26 February 1954 (Debentures).....(taxable)</td><td>40</td><td>29</td><td>*</td><td>-</td><td>1</td><td>-</td><td>10</td></tr><tr><td>2-2/5 June 1954 (Debentures).........(taxable)</td><td>30</td><td>20</td><td>4</td><td>-</td><td>2</td><td>-</td><td>1</td></tr><tr><td>2-2/4 June 1954 (Debentures).........(taxable)</td><td>40</td><td>19</td><td>3</td><td>1</td><td>1</td><td>-</td><td>16</td></tr><tr><td>Total Central Bank for Cooperatives securities.</td><td>110</td><td>68</td><td>7</td><td>1</td><td>4</td><td>-</td><td>30</td></tr><tr><td>Federal home loan banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-20 August 1951 (Notes).............(taxable)</td><td>140</td><td>42</td><td>3</td><td>2</td><td>6</td><td>19</td><td>68</td></tr><tr><td>2-75 February 1954 (Notes)............(taxable)</td><td>111</td><td>50</td><td>2</td><td>2</td><td>3</td><td>1</td><td>53</td></tr><tr><td>Total Federal home loan bank securities.</td><td>251</td><td>93</td><td>5</td><td>4</td><td>8</td><td>20</td><td>120</td></tr><tr><td>Federal land banks: 12/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4 February 1953-55 (Bonds)........(taxable)</td><td>114</td><td>94</td><td>3</td><td>*</td><td>2</td><td>-</td><td>15</td></tr><tr><td>2-1/5 November 1954 (Bonds)............(taxable)</td><td>71</td><td>45</td><td>2</td><td>*</td><td>4</td><td>-</td><td>18</td></tr><tr><td>2-1/2 November 1954 (Bonds)............(taxable)</td><td>100</td><td>54</td><td>6</td><td>*</td><td>3</td><td>-</td><td>36</td></tr><tr><td>1-3/4 October 1955-57 (Bonds).........(taxable)</td><td>215</td><td>182</td><td>1</td><td>-</td><td>9</td><td>-</td><td>21</td></tr><tr><td>2-5/5 May 1956 (Bonds).................(taxable)</td><td>229</td><td>157</td><td>12</td><td>1</td><td>8</td><td>-</td><td>52</td></tr><tr><td>2-2/4 May 1958 (Bonds).................(taxable)</td><td>138</td><td>78</td><td>11</td><td>1</td><td>4</td><td>-</td><td>44</td></tr><tr><td>Total Federal land bank securities.</td><td>868</td><td>609</td><td>35</td><td>3</td><td>31</td><td>-</td><td>189</td></tr></table>
1/ Excludes trust departments.
2/ Includes trust companies and, beginning with figures for July 1949, also includes stock and savings associations whose banks were shown as a separate classification, but they are no longer so reported.
3/ Includes those banks and insurance companies not reporting in the Treasury.
4/ United States savings bonds, Series E, F, and J, are shown at current 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 in this statement.
5/ Holdings by reporting agencies not available.
6/ Excludes guaranteed securities held by the Treasury.
7/ Includes common and preferred stock and, subject to specified dates (with minor exceptions), see "Debt Outstanding," Table 2, footnote 1.
8/ Federal securities fall into three broad classes with respect to the imposition of Federal income taxes on income derived from them.
tax-exempt securities are those with the income exempt from both state and local taxes, and "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. "Variable" securities are those with the income subject to normal tax and surtax.
11 Includes Federal Housing Administration debentures; see footnote 10.
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30
Treasury Bulletin
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1953
The tables which follow provide an analysis of the security holdings of commercial banks reporting in the Treasury survey of ownership of securities issued by the United States Government and by Federal agencies. The figures show the total holdings distributed according to federal Reserve member-bank classes and nonmember banks.
This analysis of commercial bank ownership was first published in the May 1944 issue of the "Treasury Bulletin", based on the survey data for December 31, 1943. It has appeared at semiannual or quarterly intervals since that time, and is now being published for the June 30 and December 31 survey data.
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Per value - in millions of dollars)
<table><tr><th>Classification</th><th>Held by 7,092 commercial banks 1/</th><th colspan="6">Federal Reserve member banks</th><th>2,404 nonmember banks</th></tr><tr><th></th><th></th><th>1,588 member banks</th><th colspan="4">Central reserve city</th><th>316 reserve city</th><th>1,237 country</th><th></th></tr><tr><th></th><th></th><th></th><th>25 reserve city</th><th>22 New York city</th><th>13 Chicago</th><th></th><th></th><th></th></tr><tr><td>Public securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable</td><td>51,212</td><td>44,586</td><td>9,095</td><td>6,577</td><td>2,519</td><td>17,440</td><td>18,051</td><td>6,625</td></tr><tr><td>Nonmarketable 2/</td><td>2,214</td><td>1,572</td><td>77</td><td>63</td><td>14</td><td>278</td><td>1,217</td><td>214</td></tr><tr><td>Total public securities</td><td>53,425</td><td>46,158</td><td>9,172</td><td>6,639</td><td>2,532</td><td>17,718</td><td>19,268</td><td>7,140</td></tr></table>
Footnotes at end of Section II.
Table 2.- Summary of Public Marketable Securities
(Par values - in millions of dollars)
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Sold by 1,092 commercial banks 1/</th><th colspan="6">Federal Reserve member banks</th><th rowspan="2">2,464 member banks</th></tr><tr><th>4,588 member banks</th><th>35 central reserve city</th><th>22 New York city</th><th>13 Chicago</th><th>316 reserve city</th><th>4,237 country</th></tr><tr><td colspan="9">Type of security:</td></tr><tr><td>Issued by U. S. Governments</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>4,411</td><td>3,783</td><td>937</td><td>791</td><td>117</td><td>1,343</td><td>1,463</td><td>668</td></tr><tr><td>Certificates of indebtedness</td><td>4,352</td><td>3,951</td><td>419</td><td>804</td><td>225</td><td>1,448</td><td>1,693</td><td>711</td></tr><tr><td>Treasury notes</td><td>10,339</td><td>8,911</td><td>1,597</td><td>1,042</td><td>599</td><td>3,570</td><td>3,745</td><td>1,444</td></tr><tr><td>Treasury bonds - bank eligible</td><td>31,660</td><td>28,075</td><td>6,118</td><td>4,537</td><td>1,561</td><td>11,015</td><td>10,942</td><td>3,585</td></tr><tr><td>Treasury bonds - bank restricted 3/</td><td>392</td><td>240</td><td>1</td><td>1</td><td>1</td><td>10</td><td>198</td><td>151</td></tr><tr><td>Postal savings and Panama Canal bonds</td><td>15</td><td>9</td><td>*</td><td>*</td><td>*</td><td>2</td><td>6</td><td>6</td></tr><tr><td>Guaranteed by U. S. Government</td><td>27</td><td>27</td><td>2</td><td>2</td><td>*</td><td>21</td><td>4</td><td>*</td></tr><tr><td>Total</td><td>51,211</td><td>44,586</td><td>9,095</td><td>6,977</td><td>2,519</td><td>17,440</td><td>18,051</td><td>6,625</td></tr><tr><td colspan="9">Maturity classes:</td></tr><tr><td>Maturing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>19,580</td><td>16,608</td><td>2,732</td><td>1,895</td><td>876</td><td>6,634</td><td>7,243</td><td>2,972</td></tr><tr><td>1 to 5 years</td><td>18,344</td><td>16,166</td><td>3,371</td><td>2,529</td><td>841</td><td>6,365</td><td>6,427</td><td>2,181</td></tr><tr><td>5 to 10 years</td><td>8,772</td><td>7,980</td><td>2,158</td><td>1,389</td><td>532</td><td>2,983</td><td>2,675</td><td>731</td></tr><tr><td>10 to 15 years</td><td>1,311</td><td>1,692</td><td>654</td><td>336</td><td>228</td><td>768</td><td>439</td><td>159</td></tr><tr><td>15 to 20 years</td><td>2,369</td><td>2,063</td><td>137</td><td>101</td><td>36</td><td>712</td><td>1,214</td><td>206</td></tr><tr><td>Over 20 years</td><td>108</td><td>94</td><td>8</td><td>4</td><td>4</td><td>36</td><td>49</td><td>14</td></tr><tr><td>Various (Federal Housing Administration debentures)</td><td>27</td><td>27</td><td>2</td><td>2</td><td>*</td><td>21</td><td>4</td><td>*</td></tr><tr><td>Total</td><td>51,211</td><td>44,586</td><td>9,095</td><td>6,977</td><td>2,519</td><td>17,440</td><td>18,051</td><td>6,625</td></tr><tr><td colspan="9">Tax status: 1/</td></tr><tr><td>Shallly exempt from Federal income taxes</td><td>15</td><td>9</td><td>*</td><td>*</td><td>*</td><td>2</td><td>6</td><td>6</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>5,551</td><td>5,216</td><td>1,745</td><td>1,064</td><td>660</td><td>2,229</td><td>1,242</td><td>335</td></tr><tr><td>Subject to Federal income taxes 2/</td><td>45,645</td><td>39,361</td><td>7,350</td><td>5,494</td><td>1,558</td><td>15,209</td><td>16,802</td><td>6,284</td></tr><tr><td>Total</td><td>51,211</td><td>44,586</td><td>9,095</td><td>6,977</td><td>2,519</td><td>17,440</td><td>18,051</td><td>6,625</td></tr></table>
Footnotes at end of Section II.
September 1955
31
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1953
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status 1/ is shown in parentheses)</th><th>Hold by 7,092 commercial banks 1/</th><th>1,508 member banks</th><th>35 central reserve city</th><th>22 New York City</th><th>13 Chicago</th><th>316 reserve city</th><th>4,237 country</th><th>2,464 nonmember banks</th></tr><tr><td>Treasury bills:</td><td></td><td colspan="7">Federal Reserve member banks</td></tr><tr><td>Regular Series....................(taxable)</td><td>4,034</td><td>3,388</td><td>794</td><td>665</td><td>129</td><td>1,211</td><td>1,383</td><td>646</td></tr><tr><td>Tax Anticipation Series............(taxable)</td><td>377</td><td>355</td><td>144</td><td>126</td><td>18</td><td>132</td><td>80</td><td>22</td></tr><tr><td>Total Treasury bills</td><td>4,411</td><td>3,743</td><td>937</td><td>791</td><td>147</td><td>1,343</td><td>1,463</td><td>668</td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4 August 1953-................(taxable)</td><td>1,100</td><td>995</td><td>172</td><td>91</td><td>81</td><td>312</td><td>408</td><td>195</td></tr><tr><td>2-1/4 February 1954-................(taxable)</td><td>1,614</td><td>1,358</td><td>108</td><td>41</td><td>67</td><td>258</td><td>668</td><td>307</td></tr><tr><td>2-1/4 June 1959-....................(taxable)</td><td>1,318</td><td>1,348</td><td>160</td><td>73</td><td>87</td><td>255</td><td>651</td><td>259</td></tr><tr><td>Total certificates of indebtedness</td><td>4,352</td><td>3,581</td><td>439</td><td>204</td><td>235</td><td>1,448</td><td>1,593</td><td>711</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/8 December 1953-................(taxable)</td><td>911</td><td>717</td><td>19</td><td>12</td><td>37</td><td>266</td><td>403</td><td>213</td></tr><tr><td>1-1/8 March 1954-....................(taxable)</td><td>2,644</td><td>2,599</td><td>474</td><td>297</td><td>177</td><td>836</td><td>986</td><td>349</td></tr><tr><td>1-1/2 March 1955-....................(taxable)</td><td>3,991</td><td>3,505</td><td>677</td><td>467</td><td>210</td><td>1,507</td><td>1,383</td><td>489</td></tr><tr><td>1-3/4 December 1955-................(taxable)</td><td>2,567</td><td>2,181</td><td>358</td><td>241</td><td>117</td><td>895</td><td>968</td><td>386</td></tr><tr><td>1-1/2 April 1956-....................(taxable)</td><td>5</td><td>3</td><td>5</td><td>2</td><td>3</td><td>2</td><td>3</td><td>1</td></tr><tr><td>1-1/2 October 1956-................(taxable)</td><td>42</td><td>40</td><td>5</td><td>2</td><td>3</td><td>24</td><td>12</td><td>2</td></tr><tr><td>1-1/2 April 1957-....................(taxable)</td><td>27</td><td>25</td><td>3</td><td>2</td><td>1</td><td>8</td><td>18</td><td>2</td></tr><tr><td>1-1/2 October 1957-................(taxable)</td><td>63</td><td>80</td><td>18</td><td>12</td><td>6</td><td>35</td><td>25</td><td>3</td></tr><tr><td>1-1/2 April 1958-....................(taxable)</td><td>63</td><td>61</td><td>18</td><td>12</td><td>6</td><td>35</td><td>8</td><td>2</td></tr><tr><td>Total Treasury notes</td><td>10,355</td><td>8,911</td><td>1,597</td><td>1,042</td><td>555</td><td>3,570</td><td>3,745</td><td>1,444</td></tr><tr><td>Treasury bonds:</td><td></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><td></td></tr><tr><td>2-1/2 September 1951-51............(taxable)</td><td>3,730</td><td>3,803</td><td>531</td><td>347</td><td>198</td><td>1,386</td><td>1,346</td><td>587</td></tr><tr><td>2-1/2 December 1951-52............(taxable)</td><td>332</td><td>261</td><td>32</td><td>29</td><td>1</td><td>70</td><td>160</td><td>71</td></tr><tr><td>2-1/2 June 1952-54.................(taxable)</td><td>3,513</td><td>3,068</td><td>301</td><td>205</td><td>96</td><td>1,415</td><td>1,352</td><td>444</td></tr><tr><td>2-1/4 June 1952-55.................(taxable)</td><td>952</td><td>836</td><td>52</td><td>40</td><td>12</td><td>407</td><td>377</td><td>117</td></tr><tr><td>2-1/4 December 1952-54............(taxable)</td><td>5,302</td><td>5,155</td><td>1,216</td><td>902</td><td>315</td><td>1,923</td><td>2,016</td><td>647</td></tr><tr><td>2-1/4 June 1953-56................(partially)</td><td>573</td><td>509</td><td>48</td><td>17</td><td>38</td><td>247</td><td>213</td><td>64</td></tr><tr><td>2-1/8 March 1954-56................(partially)</td><td>1,951</td><td>1,842</td><td>707</td><td>526</td><td>181</td><td>734</td><td>401</td><td>109</td></tr><tr><td>2-1/4 March 1955-56................(partially)</td><td>1,231</td><td>1,236</td><td>375</td><td>347</td><td>71</td><td>251</td><td>130</td><td>103</td></tr><tr><td>2-1/4 September 1956-59............(partially)</td><td>8,361</td><td>8,686</td><td>797</td><td>669</td><td>128</td><td>794</td><td>1,096</td><td>275</td></tr><tr><td>2-1/4 September 1956-59............(partially)</td><td>893</td><td>831</td><td>300</td><td>181</td><td>118</td><td>357</td><td>177</td><td>59</td></tr><tr><td>2-3/8 March 1957-59................(taxable)</td><td>466</td><td>428</td><td>75</td><td>74</td><td>2</td><td>170</td><td>181</td><td>40</td></tr><tr><td>2-3/8 June 1958-....................(taxable)</td><td>2,758</td><td>2,461</td><td>295</td><td>460</td><td>134</td><td>995</td><td>871</td><td>296</td></tr><tr><td>2-3/8 June 1958-....................(partially)</td><td>836</td><td>759</td><td>297</td><td>195</td><td>102</td><td>317</td><td>176</td><td>46</td></tr><tr><td>2-1/2 December 1958-................(taxable)</td><td>410</td><td>352</td><td>52</td><td>52</td><td>*</td><td>143</td><td>158</td><td>58</td></tr><tr><td>2-1/4 June 1959-62................(taxable)</td><td>999</td><td>845</td><td>149</td><td>148</td><td>1</td><td>340</td><td>336</td><td>153</td></tr><tr><td>2-1/4 December 1959-62............(taxable)</td><td>850</td><td>803</td><td>4</td><td>1</td><td>*</td><td>70</td><td>129</td><td>47</td></tr><tr><td>2-3/8 December 1960-63............(partially)</td><td>1,299</td><td>1,242</td><td>393</td><td>169</td><td>228</td><td>574</td><td>276</td><td>57</td></tr><tr><td>2-1/2 June 1960-67................(taxable)</td><td>512</td><td>410</td><td>72</td><td>71</td><td>*</td><td>174</td><td>164</td><td>102</td></tr><tr><td>2-1/2 December 1961-65............(taxable)</td><td>135</td><td>98</td><td>7</td><td>*</td><td>*</td><td>47</td><td>52</td><td>37</td></tr><tr><td>2-1/2 June 1964-69................(taxable)</td><td>88</td><td>62</td><td>26</td><td>26</td><td>*</td><td>13</td><td>23</td><td>26</td></tr><tr><td>2-1/2 September 1967-70............(taxable)</td><td>1,395</td><td>1,662</td><td>109</td><td>74</td><td>35</td><td>612</td><td>941</td><td>291</td></tr><tr><td>3-1/4 June 1970-80................(taxable)</td><td>108</td><td>94</td><td>8</td><td>4</td><td>1</td><td>36</td><td>49</td><td>11</td></tr><tr><td>Total bank eligible</td><td>31,660</td><td>28,072</td><td>6,118</td><td>4,237</td><td>1,981</td><td>11,015</td><td>10,942</td><td>3,585</td></tr><tr><td>Bank restricted: 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/2 December 1964-69............(taxable)</td><td>33</td><td>27</td><td>*</td><td>*</td><td>*</td><td>1</td><td>4</td><td>28</td></tr><tr><td>2-1/2 March 1965-67................(taxable)</td><td>39</td><td>27</td><td>*</td><td>*</td><td>*</td><td>2</td><td>26</td><td>22</td></tr><tr><td>2-1/2 March 1966-71................(taxable)</td><td>42</td><td>26</td><td>*</td><td>*</td><td>*</td><td>2</td><td>28</td><td>16</td></tr><tr><td>2-1/2 June 1967-72................(taxable)</td><td>88</td><td>66</td><td>*</td><td>*</td><td>*</td><td>22</td><td>44</td><td>22</td></tr><tr><td>2-1/2 December 1967-75............(taxable)</td><td>175</td><td>112</td><td>1</td><td>1</td><td>*</td><td>14</td><td>100</td><td>60</td></tr><tr><td>Total bank restricted</td><td>391</td><td>240</td><td>1</td><td>1</td><td>1</td><td>40</td><td>198</td><td>151</td></tr><tr><td>Total Treasury bonds</td><td>32,051</td><td>28,315</td><td>6,120</td><td>4,238</td><td>1,982</td><td>11,055</td><td>11,140</td><td>3,736</td></tr></table>
Footnotes at end of Section II.
(Continued on following page)
32
Treasury Bulletin
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1953
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States Government Table 3.- Public Marketable Securities by Issues - (Continued)
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status b/ is shown in parentheses)</th><th>Hold by 1,052 commercial banks b/</th><th>4,588 member banks</th><th colspan="4">Federal Reserve member banks</th><th>2,464 member banks</th></tr><tr><th></th><th></th><th></th><th colspan="2">Central reserve city</th><th>35 central reserve city</th><th>22 New York City</th><th>13 Chicago</th><th>316 reserve city</th><th>4,237 country</th><th></th></tr><tr><td>Other bonds: Postal savings bonds....................(wholly) Panama Canal bonds....................(wholly)</td><td>8 7</td><td>6 3</td><td>*</td><td>-</td><td>-</td><td>*</td><td>2 *</td><td>3</td><td>2 4</td></tr><tr><td>Total other bonds....................................</td><td>15</td><td>9</td><td>*</td><td>-</td><td>-</td><td>*</td><td>2</td><td>6</td><td>6</td></tr><tr><td>Guaranteed securities: Federal Housing Administration debentures....................(taxable b/)</td><td>27</td><td>27</td><td>2</td><td>2</td><td>2</td><td>-</td><td>21</td><td>4</td><td>*</td></tr><tr><td>Total public marketable securities....................</td><td>51,211</td><td>44,586</td><td>9,095</td><td>6,577</td><td>2,519</td><td>17,440</td><td>18,051</td><td>6,625</td></tr></table>
Footnotes at end of Section II.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status h/ is shown in parentheses)</th><th>Hold by 7,092 commercial banks 1/</th><th>4,580 member banks</th><th colspan="4">Federal Reserve member banks</th><th>2,456 nonmember banks</th></tr><tr><th></th><th></th><th></th><th>35 central reserve city</th><th>22 New York City</th><th>13 Chicago</th><th>316 reserve city</th><th>4,237 country</th><th></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></tr><tr><td>Series F 2/..................(taxable)</td><td>453</td><td>293</td><td>2</td><td>*</td><td>2</td><td>26</td><td>265</td><td>160</td></tr><tr><td>Series G.....................(taxable)</td><td>923</td><td>681</td><td>5</td><td>2</td><td>3</td><td>61</td><td>616</td><td>242</td></tr><tr><td>Series I 3/..................(taxable)</td><td>1</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>1</td><td>*</td></tr><tr><td>Series K.....................(taxable)</td><td>1</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total United States savings bonds.........</td><td>1,377</td><td>975</td><td>7</td><td>2</td><td>5</td><td>87</td><td>881</td><td>402</td></tr><tr><td>Other U.S. securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury savings notes............(taxable)</td><td>20</td><td>18</td><td>1</td><td>1</td><td>*</td><td>11</td><td>7</td><td>2</td></tr><tr><td>Depositary bonds................(taxable)</td><td>447 1/</td><td>295</td><td>57</td><td>55</td><td>2</td><td>100</td><td>138</td><td>24</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment Series A.............(taxable)</td><td>188</td><td>149</td><td>10</td><td>4</td><td>6</td><td>58</td><td>81</td><td>39</td></tr><tr><td>Investment Series B.............(taxable)</td><td>182</td><td>135</td><td>2</td><td>1</td><td>1</td><td>23</td><td>111</td><td>46</td></tr><tr><td>Total other U.S. securities.........</td><td>817 1/</td><td>597</td><td>70</td><td>61</td><td>8</td><td>192</td><td>336</td><td>112</td></tr><tr><td>Total public nonmarketable securities....</td><td>2,214 1/</td><td>1,572</td><td>77</td><td>63</td><td>14</td><td>278</td><td>1,217</td><td>514</td></tr></table>
Footnotes at end of Section II.
September 1955
33
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 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 &frac12; in shown in parentheses)</th><th>Filed by 7,092 commercial banks &frac12;</th><th>4,588 member banks</th><th colspan="4">Federal Reserve member banks</th><th>2,656 nonmember banks</th></tr><tr><th></th><th></th><th></th><th colspan="3">Central reserve city</th><th>316 reserve city</th><th>4,237 country</th><th></th></tr><tr><th></th><th></th><th></th><th>15 central reserve city</th><th>22 New York City</th><th>13 Chicago</th><th></th><th></th><th></th></tr><tr><td>Federal intermediate credit banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debentures ............................................. (taxable)</td><td>396</td><td>340</td><td>24</td><td>8</td><td>15</td><td>187</td><td>129</td><td>56</td></tr><tr><td>Central Bank for Cooperatives:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/&frac12; February 1956 (Debentures) ............ (taxable)</td><td>29</td><td>22</td><td>1</td><td>*</td><td>1</td><td>17</td><td>1</td><td>7</td></tr><tr><td>2-5/&frac12; June 1956 (Debentures) ............ (taxable)</td><td>20</td><td>17</td><td>1</td><td>*</td><td>*</td><td>10</td><td>7</td><td>3</td></tr><tr><td>2-3/&frac12; June 1956 (Debentures) ............ (taxable)</td><td>19</td><td>15</td><td>*</td><td>*</td><td>*</td><td>9</td><td>6</td><td>1</td></tr><tr><td>Total Central Bank for Cooperative securities</td><td>68</td><td>54</td><td>2</td><td>1</td><td>2</td><td>36</td><td>16</td><td>14</td></tr><tr><td>Federal home loan banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2,30$ August 1953 (Notes) ............ (taxable)</td><td>42</td><td>33</td><td>4</td><td>1</td><td>3</td><td>18</td><td>11</td><td>9</td></tr><tr><td>2,75$ February 1956 (Notes) ............ (taxable)</td><td>50</td><td>43</td><td>2</td><td>*</td><td>2</td><td>24</td><td>17</td><td>8</td></tr><tr><td>Total Federal home loan bank securities............</td><td>93</td><td>76</td><td>6</td><td>2</td><td>5</td><td>42</td><td>27</td><td>17</td></tr><tr><td>Federal land banks: &frac12;</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/&frac12; February 1953-55 (Bonds) ............ (taxable)</td><td>94</td><td>80</td><td>8</td><td>6</td><td>2</td><td>39</td><td>34</td><td>13</td></tr><tr><td>2-1/&frac12; November 1954 (Bonds) ............ (taxable)</td><td>45</td><td>34</td><td>1</td><td>*</td><td>1</td><td>13</td><td>19</td><td>11</td></tr><tr><td>2-1/&frac12; November 1954 (Bonds) ............ (taxable)</td><td>54</td><td>43</td><td>3</td><td>3</td><td>*</td><td>23</td><td>21</td><td>7</td></tr><tr><td>1-3/&frac12; October 1955-57 (Bonds) ............ (taxable)</td><td>182</td><td>168</td><td>26</td><td>19</td><td>7</td><td>82</td><td>60</td><td>13</td></tr><tr><td>2-5/&frac12; May 1956 (Bonds) ............ (taxable)</td><td>127</td><td>139</td><td>26</td><td>12</td><td>15</td><td>71</td><td>42</td><td>18</td></tr><tr><td>2-3/&frac12; May 1958 (Bonds) ............ (taxable)</td><td>78</td><td>73</td><td>11</td><td>10</td><td>1</td><td>49</td><td>13</td><td>5</td></tr><tr><td>Total Federal land bank securities ............</td><td>609</td><td>542</td><td>77</td><td>50</td><td>27</td><td>276</td><td>189</td><td>67</td></tr></table>
1/ Includes trust companies and stock savings banks but excludes securities held in trust departments.
2/ These are savings bonds, Series F and J, are shown at current redemption values. They were reported at maturity value by the banks included in the Treasury Survey but have been adjusted to current redemption values for use in this statement.
3/ Includes all commercial paper and deposits, prior to specified dates (with minor exceptions); see "Debt Outstanding," Table 2, footnote 1.
4/ Federal securities fall into three broad classes with respect to the imposition of Federal income taxes on income derived from them. "Wholly taxable" securities produce income from the sale of them, from the normal tax and surtax. "Partially" tax-exempt securities produce income 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 both normal tax and surtax.
3/ Includes F, H, A, debentures; see footnote 6.
A small indeterminate amount of these debentures is partially tax-exempt.
1/ Total includes $127.3 million depositary bonds held by commercial banks not included in Treasury Survey.
3/ The proprietary interest in the United States in these banks ended on June 26, 1947.
* Less than $500,000.
34
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 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 regularly quoted
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 from last month</th><th>Bid</th><th>Change from last month</th></tr><tr><td>$1,500</td><td>8/6/53</td><td>5/1/53</td><td>1.20%</td><td>+,.05%</td><td>$800</td><td>9/26/53</td><td>6/3/53</td><td>2.08%</td><td>+,.08%</td></tr><tr><td>1,500</td><td>8/13/53</td><td>5/24/53</td><td>1.85</td><td>-.05</td><td>1,500</td><td>10/1/53</td><td>6/25/53</td><td>2.06</td><td>-.06</td></tr><tr><td>1,501</td><td>8/27/53</td><td>5/26/53</td><td>1.99</td><td>+,.07</td><td>1,501</td><td>10/6/53</td><td>7/2/53</td><td>2.06</td><td>-</td></tr><tr><td>1,500</td><td>9/13/53</td><td>6/4/53</td><td>1.96</td><td>+.06</td><td>1,500</td><td>10/25/53</td><td>7/26/53</td><td>2.08</td><td>-</td></tr><tr><td>1,400</td><td>9/10/53</td><td>6/13/53</td><td>1.98</td><td>+.02</td><td>1,501</td><td>10/29/53</td><td>7/30/53</td><td>2.09</td><td>-</td></tr><tr><td>1,501</td><td>9/17/53</td><td>6/18/53</td><td>2.00</td><td>+.06</td><td>1,500</td><td></td><td></td><td>2.10</td><td>-</td></tr></table>
Footnote 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>Amount outstanding (millions)</th><th>Description</th><th>Issue date</th><th colspan="2">Price</th><th colspan="2">Yield</th></tr><tr><th></th><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th></tr><tr><td>$6,882</td><td>2/4</td><td>8/15/94</td><td>100.02</td><td>8/</td><td>+6% per M 3/</td><td></td></tr><tr><td>5,118</td><td>2-1/4</td><td>2/13/93</td><td>100.00</td><td>+0.02</td><td>2.28%</td><td>-.11%</td></tr><tr><td>3,928</td><td>2-1/2</td><td>1/15/94</td><td>100.028</td><td>-</td><td>8.37</td><td>-</td></tr><tr><td>4,850</td><td>2-5/8</td><td>6/11/94-8</td><td>100.07</td><td>+0.03</td><td>8.34</td><td>-.14</td></tr></table>
Footnotes at end of Table 4.
Table 3.- Other Taxable Issues
(Price decimals are 32nds)
<table><tr><th>Amount outstanding (millions)</th><th>Description</th><th>31d</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th>Issue date</th><th colspan="2">Price range since first traded ¼</th><th colspan="2">Price range since first traded ¼</th></tr><tr><th></th><th></th><th>Price</th><th></th><th>Yield</th><th></th><th></th><th>High</th><th>Date</th><th>Low</th><th>Date</th></tr><tr><td colspan="11">Treasury notes:</td></tr><tr><td>$10,942</td><td>2-1/8% - 12/1/53-A</td><td>100.00</td><td>.00</td><td>2.12%</td><td>.00%</td><td>10/1/52</td><td>100.07</td><td>12/1/50</td><td>99.26</td><td>6/1/53</td></tr><tr><td>4,675</td><td>1-3/8% - 3/15/54-A</td><td>99.28</td><td>+.03</td><td>2.30</td><td>-.13</td><td>12/15/50</td><td>100.10</td><td>1/10/50</td><td>98.01</td><td>5/1/51</td></tr><tr><td>5,975</td><td>1-1/2% - 3/15/55-A</td><td>98.1</td><td>-.08</td><td>2.25</td><td>-.11</td><td>3/15/50</td><td>100.07</td><td>3/15/50</td><td>97.62</td><td>12/6/51</td></tr><tr><td>6,894</td><td>1-3/4% - 12/12/55-B</td><td>98.16</td><td>-.09</td><td>2.41</td><td>-.09</td><td>12/12/50</td><td>100.04</td><td>1/19/51</td><td>97.21</td><td>6/1/53</td></tr><tr><td>1,007</td><td>1-1/2% - 4/1/56-BA</td><td>97.80</td><td>+.06</td><td>2.43</td><td>-.04</td><td>4/1/51</td><td>98.28</td><td>5/3/52</td><td>97.06</td><td>6/1/53</td></tr><tr><td>550</td><td>1-1/2% - 10/1/56-BD</td><td>97.06</td><td>+.10</td><td>2.43</td><td>-.07</td><td>10/1/51</td><td>98.24</td><td>5/26/52</td><td>96.20</td><td>6/8/53</td></tr><tr><td>531</td><td>1-1/2% - 3/1/57-BA</td><td>96.80</td><td>-.12</td><td>2.47</td><td>-.09</td><td>4/1/58</td><td>98.12</td><td>4/17/58</td><td>95.24</td><td>6/1/53</td></tr><tr><td>824</td><td>1-1/2% - 10/1/57-BO</td><td>96.00</td><td>+.03</td><td>2.58</td><td>-.04</td><td>10/1/52</td><td>97.08</td><td>2/12/53</td><td>94.24</td><td>6/2/53</td></tr><tr><td>107</td><td>1-1/2% - 4/1/55-BA</td><td>95.06</td><td>+.14</td><td>2.60</td><td>-.08</td><td>4/1/53</td><td>95.24</td><td>4/1/53</td><td>93.16</td><td>6/4/53</td></tr><tr><td colspan="11">Treasury bonds - bank eligible:</td></tr><tr><td>7,986</td><td>5% - 9/15/51-B3</td><td>100.02</td><td>+.02</td><td>1.44</td><td>-.25</td><td>9/15/63</td><td>104.18</td><td>3/12/66</td><td>99.19</td><td>12/26/51</td></tr><tr><td>510</td><td>2% - 12/15/51-55 6</td><td>99.02</td><td>+.14</td><td>2.11</td><td>-.17</td><td>12/15/61</td><td>104.36</td><td>3/11/66</td><td>98.08</td><td>6/3/53</td></tr><tr><td>5,863</td><td>1-3/4% - 6/19/52-54 6/</td><td>99.58</td><td>+.01</td><td>2.29</td><td>-.01</td><td>6/26/64</td><td>104.27</td><td>2/18/66</td><td>99.10</td><td>5/29/53</td></tr><tr><td>1,864</td><td>2-1/4% - 1/1/54-57</td><td>99.42</td><td>-.07</td><td>2.46</td><td>-.11</td><td>2/8/68</td><td>106.03</td><td>3/17/66</td><td>98.20</td><td>6/1/53</td></tr><tr><td>8,668</td><td>2% - 12/15/55-54 5/</td><td>99.14</td><td>+.03</td><td>2.42</td><td>-.04</td><td>12/1/64</td><td>105.00</td><td>3/11/66</td><td>99.00</td><td>6/4/53</td></tr><tr><td>1,449</td><td>2-1/2% - 3/15/56-59</td><td>99.54</td><td>+.05</td><td>2.70</td><td>-.05</td><td>6/8/61</td><td>110.22</td><td>2/8/66</td><td>97.10</td><td>6/1/53</td></tr><tr><td>3,952</td><td>3-1/4% - 9/15/56-59</td><td>96.20</td><td>-.18</td><td>2.80</td><td>-.09</td><td>2/1/63</td><td>107.16</td><td>8/12/66</td><td>95.00</td><td>6/8/53</td></tr><tr><td>987</td><td>2-3/8% - 3/15/57-59</td><td>98.06</td><td>+.18</td><td>2.73</td><td>-.10</td><td>3/1/58</td><td>101.18</td><td>4/18/52</td><td>96.05</td><td>6/1/53</td></tr><tr><td>4,245</td><td>2-3/8% - 6/12/58</td><td>98.10</td><td>+.11</td><td>2.75</td><td>-.07</td><td>7/1/52</td><td>100.16</td><td>2/1/52</td><td>96.10</td><td>6/1/53</td></tr><tr><td>3,950</td><td>2-1/2% - 9/15/58-59</td><td>98.70</td><td>-.14</td><td>2.77</td><td>-.09</td><td>9/15/63</td><td>101.07</td><td>2/12/53</td><td>97.04</td><td>6/4/53</td></tr><tr><td>3,273</td><td>2-1/4% - 6/12/59-58</td><td>95.00</td><td>+.14</td><td>2.89</td><td>-.05</td><td>6/1/55</td><td>104.21</td><td>6/6/66</td><td>98.02</td><td>6/1/53</td></tr><tr><td>3,467</td><td>2-1/4% - 12/15/59-62</td><td>95.00</td><td>+.14</td><td>2.86</td><td>-.05</td><td>11/15/65</td><td>104.21</td><td>6/6/66</td><td>98.00</td><td>6/1/53</td></tr><tr><td>5,863</td><td>2-3/4% - 12/15/60-67</td><td>95.00</td><td>-.16</td><td>2.96</td><td>-.05</td><td>5/1/62</td><td>104.12</td><td>6/6/66</td><td>98.00</td><td>6/1/53</td></tr><tr><td>2,877</td><td>2-1/2% - 12/15/63-66</td><td>94.92</td><td>+.20</td><td>2.99</td><td>-.04</td><td>12/1/62</td><td>108.03</td><td>6/6/66</td><td>91.04</td><td>6/1/53</td></tr><tr><td>3,756</td><td>2-1/2% - 6/15/64-65</td><td>93.28</td><td>+.18</td><td>2.99</td><td>-.04</td><td>1/15/63</td><td>107.25</td><td>6/6/66</td><td>90.88</td><td>6/1/53</td></tr><tr><td>2,710</td><td>2-1/2% - 9/15/67-72</td><td>96.13</td><td>+.05</td><td>3.02</td><td>.00</td><td>10/1/60</td><td>109.18</td><td>6/6/66</td><td>89.30</td><td>6/1/53</td></tr><tr><td>1,563</td><td>3-1/4% - 6/12/78-83 3/</td><td>100.05</td><td>+.15</td><td>3.24</td><td>-.02</td><td>5/1/53</td><td>100.11</td><td>6/20/53</td><td>98.20</td><td>6/1/53</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
September 1955
35
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 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 from last month</th><th>To maturity</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td colspan="10">Treasury bonds - bank restricted: 10/</td></tr><tr><td>$3,832</td><td>2-1/8 - 12/15/64-69</td><td>93.18</td><td>+1.18</td><td>3.00%</td><td>-.04%</td><td>9/15/43</td><td>107.24</td><td>4/6/66</td><td>90.20</td><td>6/1/53</td></tr><tr><td>4,752</td><td>2-1/8 - 3/15/67-71</td><td>91.12</td><td>+1.20</td><td>3.01</td><td>-.05</td><td>2/1/44</td><td>107.23</td><td>4/6/66</td><td>90.18</td><td>6/1/53</td></tr><tr><td>2,953</td><td>2-1/8 - 3/15/66-71 7/</td><td>93.00</td><td>+1.12</td><td>3.02</td><td>-.03</td><td>12/1/44</td><td>107.22</td><td>4/6/66</td><td>90.16</td><td>6/1/53</td></tr><tr><td>1,894</td><td>2-1/8 - 6/15/67-72 7/</td><td>98.20</td><td>+1.02</td><td>3.02</td><td>-.02</td><td>6/1/45</td><td>106.16</td><td>4/6/66</td><td>89.30</td><td>6/1/53</td></tr><tr><td>3,832</td><td>2-1/8 - 12/15/67-72 7/</td><td>98.20</td><td>.00</td><td>3.01</td><td>+.01</td><td>11/15/45</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.- Partially Tax-Exempt Bonds
(Price decimals are 32nds)
<table><tr><th>Amount outstanding (millions)</th><th>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 trade b/</th></tr><tr><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To first call</th><th>Change from last month</th><th>High</th><th>Price</th><th>Date</th><th>Low</th><th>Price</th><th>Date</th></tr><tr><td colspan="12">Treasury bonds - bank eligible:</td></tr><tr><td>$681</td><td>2-1/4 - 6/15/94-56</td><td>100.18</td><td>+0.02</td><td>1.59%</td><td>-1.13%</td><td>7/28/40</td><td>109.29</td><td>3/12/46</td><td>100.10</td><td>5/18/93</td></tr><tr><td>2,611</td><td>2-7/8 - 3/15/93-50</td><td>101.22</td><td>+0.05</td><td>1.81</td><td>-1.14</td><td>3/15/35</td><td>116.02</td><td>1/12/46</td><td>98.30</td><td>9/30/55</td></tr><tr><td>938</td><td>2-3/4 - 9/15/96-59</td><td>103.22</td><td>+1.10</td><td>1.85</td><td>-1.13</td><td>9/15/36</td><td>116.13</td><td>1/26/46</td><td>98.10</td><td>5/1/87</td></tr><tr><td>919</td><td>2-3/4 - 6/15/98-53</td><td>101.04</td><td>+2.28</td><td>1.04</td><td>-1.00</td><td>6/15/38</td><td>117.04</td><td>1/15/46</td><td>99.14</td><td>9/25/99</td></tr><tr><td>1,495</td><td>2-3/4 - 12/15/00-55</td><td>104.14</td><td>+1.14</td><td>2.10</td><td>-1.05</td><td>12/15/38</td><td>119.00</td><td>1/25/46</td><td>99.14</td><td>9/25/39</td></tr></table>
1/ Tax Anticipation Series.
2/ Quoted only on yield basis prior to July 30, 1953.
3/ Excess of price over zero yield.
Beginning April 1953, prices are 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, 1959, they are closing prices on the New York Stock Exchange. "When issued" prices are included in history beginning October 1, 1959. 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/ Included in the average of taxable Treasury bonds, due or callable from December 30 years beginning April 15, 1953, as shown under "Average Yields of Long-Term Bonds".
8/ 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".
9/ Yield to first call date. Yields are computed to call date when the price is above par and to maturity when the price is at or below par.
10/ For definition, see "Debt Outstanding and General Fund", Table 2, foot-note 1.
YIELDS OF TAXABLE TREASURY SECURITIES, JULY 31, 1953
Based on Closing Bid Quotations
Explanation: The points represent yields to call when prices are above par, and to maturity date when prices are at par or below. The smooth curves for the various classes of points are fitted by eye. Issues for which an exchange offer has been made or which are due or callable in less than 3 months are excluded.
Office of the Secretary of the Treasury
R-598-A
36
MARKET QUOTATIONS ON TREASURY SECURITIES,
JULY 31, 1953
Treasury Bulletin
September 1955
37
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 1/2 / 20 years</th><th>Moody's Aaa corporate bonds 1/</th><th>Period</th><th>Taxable Treasury bonds 1/2 / 20 years</th><th>Moody's Aaa corporate bonds 1/</th><th>Period</th><th>Taxable Treasury bonds, due or callable - 1/ From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 1/</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>2.83</td><td>1948</td><td>2.44</td><td>2.92</td><td></td><td></td><td></td></tr><tr><td>1943</td><td>2.47</td><td>2.73</td><td>1949</td><td>2.31</td><td>2.66</td><td></td><td></td><td></td></tr><tr><td>1944</td><td>2.47</td><td>2.72</td><td>1950</td><td>2.32</td><td>2.62</td><td></td><td></td><td></td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1951</td><td>2.27</td><td>2.56</td><td></td><td></td><td></td></tr><tr><td>1946</td><td>2.13</td><td>2.53</td><td>1952</td><td>2.53</td><td>2.96</td><td></td><td></td><td></td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td colspan="7">Monthly series - averages of daily series</td></tr><tr><td>1949-Apr.</td><td>2.42</td><td>2.71</td><td>1951-Apr.</td><td>2.95</td><td>2.87</td><td>1953-Apr.</td><td>2.97</td><td>3.24</td><td>3.23</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><td>3.34</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>3.29</td><td>3.34</td></tr><tr><td>Apr.</td><td>2.35</td><td>2.70</td><td>July.</td><td>2.63</td><td>2.94</td><td>July.</td><td>2.99</td><td>3.25</td><td>3.28</td></tr><tr><td>May.</td><td>2.35</td><td>2.71</td><td>Aug.</td><td>2.57</td><td>2.88</td><td></td><td></td><td></td><td></td></tr><tr><td>June.</td><td>2.38</td><td>2.71</td><td>Sept.</td><td>2.55</td><td>2.84</td><td></td><td></td><td></td><td></td></tr><tr><td>July.</td><td>2.27</td><td>2.67</td><td>Oct.</td><td>2.61</td><td>2.89</td><td></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>2.95</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.</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><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><td></td></tr><tr><td>Nov.</td><td>2.20</td><td>2.60</td><td>Feb.</td><td>2.71</td><td>2.93</td><td></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>2.96</td><td></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><td></td></tr><tr><td>Feb.</td><td>2.24</td><td>2.58</td><td>May.</td><td>2.57</td><td>2.92</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2.27</td><td>2.59</td><td>June.</td><td>2.61</td><td>2.94</td><td></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><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><td></td></tr><tr><td>June.</td><td>2.33</td><td>2.62</td><td>Sept.</td><td>2.71</td><td>2.99</td><td></td><td></td><td></td><td></td></tr><tr><td>July.</td><td>2.34</td><td>2.65</td><td>Oct.</td><td>2.74</td><td>3.01</td><td></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><td></td></tr><tr><td>Sept.</td><td>2.36</td><td>2.64</td><td>Dec.</td><td>2.73</td><td>2.97</td><td></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>1953-July 23</td><td>2.99</td><td>3.24</td><td>3.26</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>28</td><td>2.99</td><td>3.24</td><td>3.25</td></tr><tr><td>Dec.</td><td>2.39</td><td>2.67</td><td>Mar.</td><td>2.89</td><td>3.12</td><td>27</td><td>2.99</td><td>3.24</td><td>3.25</td></tr><tr><td>1951-Jan.</td><td>2.39</td><td>2.66</td><td colspan="7">Weekly series - averages of daily series for weeks ending -</td></tr><tr><td>Feb.</td><td>2.40</td><td>2.66</td><th>Period</th><th>Taxable Treasury bonds, due or callable - 1/ From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 1/</th><th>Period</th><th>Taxable Treasury bonds, due or callable - 1/ From 12 to 20 years and after</th><th>Moody's Aaa corporate bonds 1/</th></tr><tr><td>Mar.</td><td>2.47</td><td>2.78</td><td>1953-June 5</td><td>3.15</td><td>3.30</td><td>1953-July 23</td><td>2.99</td><td>3.24</td><td>3.26</td></tr><tr><td>1953-Apr.</td><td>2.93</td><td>-</td><td>12</td><td>3.10</td><td>3.30</td><td>28</td><td>2.99</td><td>3.24</td><td>3.25</td></tr><tr><td>10.</td><td>2.91</td><td>3.19</td><td>15</td><td>3.10</td><td>3.31</td><td>27</td><td>2.99</td><td>3.24</td><td>3.25</td></tr><tr><td>17.</td><td>2.96</td><td>3.24</td><td>19</td><td>3.10</td><td>3.31</td><td>28</td><td>3.00</td><td>3.24</td><td>3.24</td></tr><tr><td>24.</td><td>2.99</td><td>3.24</td><td>26</td><td>3.05</td><td>3.28</td><td>29</td><td>3.01</td><td>3.24</td><td>3.23</td></tr><tr><td>May</td><td>3.04</td><td>3.26</td><td>July 3</td><td>3.01</td><td>3.26</td><td>30</td><td>3.01</td><td>3.24</td><td>3.23</td></tr><tr><td>8.</td><td>3.08</td><td>3.27</td><td>10</td><td>2.99</td><td>3.25</td><td>31</td><td>3.02</td><td>3.24</td><td>3.23</td></tr><tr><td>15.</td><td>3.08</td><td>3.26</td><td>17</td><td>2.98</td><td>3.25</td><td colspan="5">Daily series - unweighted average</td></tr><tr><td>22.</td><td>3.09</td><td>3.26</td><td>24</td><td>2.98</td><td>3.23</td><td>1953-July 13</td><td>2.99</td><td>3.25</td><td>3.26</td></tr><tr><td>29.</td><td>3.12</td><td>3.27</td><td>31</td><td>3.01</td><td>3.24</td><td>14</td><td>2.99</td><td>3.25</td><td>3.26</td></tr><tr><td>1953-July 1.</td><td>3.01</td><td>3.26</td><td>15</td><td>2.99</td><td>3.25</td><td>21</td><td>2.97</td><td>3.23</td><td>3.25</td></tr><tr><td>2.</td><td>3.00</td><td>3.26</td><td>16</td><td>2.98</td><td>3.25</td><td>28</td><td>2.97</td><td>3.23</td><td>3.25</td></tr><tr><td>3.</td><td>2.99</td><td>3.25</td><td>17</td><td>2.97</td><td>3.24</td><td>30</td><td>2.97</td><td>3.24</td><td>3.25</td></tr><tr><td>6.</td><td>2.99</td><td>3.25</td><td>20</td><td>2.97</td><td>3.23</td><td>31</td><td>2.98</td><td>3.24</td><td>3.25</td></tr><tr><td>7.</td><td>3.00</td><td>3.26</td><td>21</td><td>2.97</td><td>3.23</td><td>1.</td><td>2.99</td><td>3.25</td><td>3.26</td></tr><tr><td>8.</td><td>2.99</td><td>3.25</td><td>22</td><td>2.98</td><td>3.23</td><td>2.</td><td>2.99</td><td>3.25</td><td>3.26</td></tr><tr><td>9.</td><td>2.99</td><td>3.25</td><td colspan="7">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 are computed on the basis of the mean of closing bid and ask quotations. For definition of taxable bonds, see footnotes to the "Treasury Bulletin" Ownership in this issue of the "Treasury Bulletin"</td></tr><tr><td>10.</td><td>2.99</td><td>3.25</td><td colspan="7">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 15 years. For a discussion of the composition of these Treasury bond averages, see the "Treasury Bulletin" for March 1944, page 53.</td></tr><tr><td colspan="7">3/ 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.</td></tr></table>
38
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
Office of the Secretary of the Treasury
F-220-L
39
September 1955
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Total receipts from Internal Revenue (Daily Treasury Statement)</th><th>Adjustment of collections to Daily Treasury Statement</th><th>Total internal revenue collections</th><th>Corporation income and profit taxes 2/</th><th>Total</th><th>Individual income tax not withheld 3/</th><th>Individual income tax withheld 3/</th><th>Old-age insurance taxes 3/</th><th>Retired-employment</th><th>Unemployment insurance</th></tr><tr><td>1945</td><td>43,908,002</td><td>+101,664</td><td>43,800,338</td><td>16,027,213</td><td>20,813,401</td><td>8,770,094</td><td>10,264,219</td><td>1,307,321</td><td>284,758</td><td>186,439</td></tr><tr><td>1946</td><td>40,310,333</td><td>-361,589</td><td>40,671,982</td><td>12,933,602</td><td>20,409,364</td><td>8,846,947</td><td>9,987,589</td><td>1,237,825</td><td>284,258</td><td>178,745</td></tr><tr><td>1947</td><td>39,479,409</td><td>+871,136</td><td>39,108,673</td><td>9,676,727</td><td>21,361,668</td><td>9,501,012</td><td>9,982,882</td><td>1,558,934</td><td>179,555</td><td>105,876</td></tr><tr><td>1948</td><td>41,931,489</td><td>-11,091</td><td>41,920,336</td><td>10,416,910</td><td>23,379,183</td><td>9,468,206</td><td>11,333,977</td><td>1,012,761</td><td>260,113</td><td>208,908</td></tr><tr><td>1949</td><td>40,307,285</td><td>-155,834</td><td>40,463,113</td><td>11,953,669</td><td>20,927,935</td><td>7,996,380</td><td>10,955,902</td><td>1,681,151</td><td>262,734</td><td>286,288</td></tr><tr><td>1950</td><td>39,448,507</td><td>+491,438</td><td>38,997,126</td><td>10,854,331</td><td>19,797,883</td><td>7,264,332</td><td>9,888,976</td><td>1,973,401</td><td>248,018</td><td>283,135</td></tr><tr><td>1951</td><td>31,106,059</td><td>+650,409</td><td>30,445,666</td><td>14,387,269</td><td>26,684,788</td><td>9,907,329</td><td>13,089,769</td><td>2,810,750</td><td>279,778</td><td>236,958</td></tr><tr><td>1952</td><td>25,634,598</td><td>+658,266</td><td>25,092,393</td><td>21,450,910</td><td>33,728,370</td><td>11,345,050</td><td>17,989,947</td><td>3,784,055</td><td>280,685</td><td>259,616</td></tr><tr><td>1953</td><td>59,930,693</td><td>-244,181</td><td>59,686,509</td><td>21,594,512</td><td>37,254,619</td><td>11,503,942</td><td>24,750,424</td><td>3,710,969</td><td>628,969</td><td>271,218</td></tr><tr><td>1953-January</td><td>4,978,366</td><td>-405,912</td><td>5,378,278</td><td>501,195</td><td>4,039,683</td><td>2,894,566</td><td>1,144,150</td><td>4,288</td><td>35,679</td><td></td></tr><tr><td>February</td><td>6,150,309</td><td>-1,163,697</td><td>7,313,995</td><td>404,432</td><td>6,063,004</td><td>839,012</td><td>4,990,091</td><td>67,158</td><td>166,743</td><td></td></tr><tr><td>March</td><td>11,752,444</td><td>+1,567,891</td><td>10,278,615</td><td>6,171,039</td><td>3,379,463</td><td>2,668,047</td><td>387,636</td><td>91,058</td><td>8,578</td><td></td></tr><tr><td>April</td><td>3,900,238</td><td>-215,350</td><td>4,115,652</td><td>694,130</td><td>2,928,427</td><td>894,692</td><td>1,666,886</td><td>3,088</td><td>1,825</td><td></td></tr><tr><td>May</td><td>4,980,068</td><td>-1,090,318</td><td>6,010,388</td><td>336,933</td><td>4,718,793</td><td>150,548</td><td>4,219,981</td><td>50,945</td><td>17,179</td><td></td></tr><tr><td>June</td><td>10,417,199</td><td>+1,457,107</td><td>8,560,088</td><td>5,033,320</td><td>2,063,047</td><td>1,437,820</td><td>267,360</td><td>99,339</td><td>-1,132</td><td></td></tr><tr><td>July</td><td>3,332,384</td><td>-420,534</td><td>3,752,850</td><td>650,737</td><td>2,124,615</td><td>304,338</td><td>1,798,397</td><td>3,091</td><td>4,789</td><td></td></tr></table>
<table><tr><th> Fiscal year or month</th><th colspan="7">Miscellaneous internal revenue</th></tr><tr><th></th><th>Total miscellaneous internal revenue</th><th>Capital stock tax 1/</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>1945</td><td>6,999,634</td><td>371,999</td><td>641,095</td><td>2,309,864</td><td>932,145</td><td>65,928</td><td>1,306,616</td><td>1,430,428</td></tr><tr><td>1946</td><td>7,712,956</td><td>332,121</td><td>676,832</td><td>2,526,126</td><td>1,157,519</td><td>87,676</td><td>1,414,717</td><td>1,489,989</td></tr><tr><td>1947</td><td>8,063,894</td><td>1,977</td><td>779,891</td><td>2,474,726</td><td>1,237,768</td><td>79,978</td><td>1,339,621</td><td>1,250,942</td></tr><tr><td>1948</td><td>8,311,903</td><td>1,723</td><td>599,345</td><td>2,205,300</td><td>1,300,830</td><td>75,456</td><td>2,113,157</td><td>1,559,111</td></tr><tr><td>1949</td><td>8,381,915</td><td>6,138</td><td>796,338</td><td>2,210,601</td><td>1,321,875</td><td>75,888</td><td>2,220,744</td><td>1,732,792</td></tr><tr><td>1950</td><td>8,304,992</td><td>266</td><td>706,226</td><td>2,219,195</td><td>1,328,464</td><td>84,643</td><td>2,245,182</td><td>1,720,908</td></tr><tr><td>1951</td><td>9,433,388</td><td>-</td><td>729,730</td><td>2,546,827</td><td>1,330,396</td><td>93,107</td><td>2,340,690</td><td>1,382,998</td></tr><tr><td>1952</td><td>9,804,112</td><td>-</td><td>833,147</td><td>2,549,088</td><td>1,565,162</td><td>84,995</td><td>2,384,409</td><td>1,947,311</td></tr><tr><td>1953</td><td>10,837,379</td><td>-</td><td>891,208</td><td>2,700,925</td><td>1,594,911</td><td>90,319</td><td>3,358,795</td><td>2,061,230</td></tr><tr><td>1953-January</td><td>837,400</td><td>-</td><td>76,982</td><td>187,958</td><td>135,769</td><td>6,237</td><td>282,730</td><td>147,825</td></tr><tr><td>February</td><td>846,503</td><td>-</td><td>64,836</td><td>189,536</td><td>132,569</td><td>10,418</td><td>308,581</td><td>145,415</td></tr><tr><td>March</td><td>978,064</td><td>-</td><td>153,506</td><td>289,090</td><td>143,621</td><td>5,833</td><td>275,965</td><td>169,999</td></tr><tr><td>April</td><td>932,655</td><td>-</td><td>84,376</td><td>230,448</td><td>132,831</td><td>11,751</td><td>291,538</td><td>181,125</td></tr><tr><td>May</td><td>912,879</td><td>-</td><td>68,974</td><td>238,899</td><td>128,962</td><td>5,305</td><td>320,183</td><td>166,997</td></tr><tr><td>June</td><td>933,722</td><td>-</td><td>59,911</td><td>236,958</td><td>136,184</td><td>5,437</td><td>307,009</td><td>168,222</td></tr><tr><td>July</td><td>977,506</td><td>-</td><td>82,890</td><td>243,359</td><td>125,860</td><td>11,663</td><td>312,345</td><td>201,903</td></tr></table>
Source: Daily Treasury Statement for total receipts from internal revenue; reports by the Internal Revenue Service for collections by type of tax; and data by type of tax, from the Treasury, collected by type of tax. Receipts on the Daily Treasury Statement bases are compiled from the latest daily reports from Government depositaries; they do not coincide with the dates of receipt by the Treasury. The data in the table on the lag in deposits of collections and because certain taxes are paid directly into the depositaries. 1/ Includes all collected taxes to certain trust accounts for Island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 355, approved June 10, 1952), for taxable years ending after the date of this statement. 2/ Includes excess profits taxes formerly shown separately as follows: unequal enrichment through 1947 (thereafter these collections are included for "Miscellaneous taxes"); declared value (repealed for reporting purposes by Public Law 355, approved June 10, 1952). (Title II of the Second Revenue Act of 1940, which was repealed for
years ending after December 31, 1953). Include also excess profits taxes on Army and Navy contracts under the Vincen Act as amended (31 U.S.C. 3405(c)) and the excess profits tax on certain excise taxes, imposed by the Revenue Act of 1951, approved October 20, 1951. Monthly and fiscal year 1951 figures include old-age insurance tax on self-employed persons and, for 1951, the collection as part of the individual income tax beginning with the taxable year 1951. Fiscal year figures prior to 1953 exclude this tax, on the basis of estimates based on the 1951 collections for the old-age insurance taxes". The estimate for 1953 is not yet available.
b/ Withheld income tax and old-age insurance taxes on employers and employees for the period January 1, 1951, through December 31, 1951. For the period January 1951, so that current collections are not separable as to type of tax. The breakdown is estimated for fiscal years beginning 1951, 1952, 1953, and 1954, and is not available.
c/ Repealed for years ending after June 30, 1945. Beginning July 1950, included under "Miscellaneous taxes".
40
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Office of the Secretary of the Treasury
8-165-0
41
September 1953
INTERNAL REVENUE COLLECTIONS
Table 2.- Detail of 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">First month of fiscal year</th></tr><tr><th></th><th>1951</th><th>1952</th><th>1953</th><th>1951 (July 1952)</th><th>1954 (July 1953)</th></tr><tr><td>Corporation income and profits taxes</td><td>14,387,569</td><td>21,466,910</td><td>21,594,525</td><td>971,770</td><td>690,737</td></tr><tr><td>Individual income tax and employment taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax not withheld</td><td>9,907,539</td><td>11,945,060</td><td>11,601,942</td><td>393,125</td><td>324,338</td></tr><tr><td>Income tax withheld and old-age insurance</td><td>15,900,519</td><td>21,313,072</td><td>24,750,634</td><td>1,538,781</td><td>1,796,397</td></tr><tr><td>Railroad retirement</td><td>579,778</td><td>860,682</td><td>668,969</td><td>3,086</td><td>3,091</td></tr><tr><td>Unemployment insurance</td><td>236,956</td><td>859,616</td><td>871,614</td><td>4,043</td><td>4,789</td></tr><tr><td>Total individual income tax and employment taxes</td><td>26,624,788</td><td>33,735,370</td><td>37,824,619</td><td>1,939,176</td><td>2,124,615</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Estate tax</td><td>638,523</td><td>750,591</td><td>784,590</td><td>82,975</td><td>81,308</td></tr><tr><td>Gift tax</td><td>91,207</td><td>82,556</td><td>106,694</td><td>578</td><td>1,582</td></tr><tr><td>Liquor taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirits (imported, excise)</td><td>172,362</td><td>187,479</td><td>204,794</td><td>13,794</td><td>17,169</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>1,578,472</td><td>1,406,220</td><td>1,636,057</td><td>124,488</td><td>123,568</td></tr><tr><td>Distilled spirits, rectification tax</td><td>38,073</td><td>31,812</td><td>32,721</td><td>2,208</td><td>1,832</td></tr><tr><td>Vine, cordials, etc. (imported, excise)</td><td>3,735</td><td>3,733</td><td>3,956</td><td>205</td><td>273</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>63,156</td><td>68,621</td><td>76,579</td><td>4,828</td><td>4,209</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>9,161</td><td>15,249</td><td>16,272</td><td>7,427</td><td>8,081</td></tr><tr><td>Stamps for distilled spirits bottled in bond</td><td>12,921</td><td>12,920</td><td>13,249</td><td>907</td><td>71</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>1,090</td><td>1,285</td><td>1,080</td><td>168</td><td>71</td></tr><tr><td>Container stamps</td><td>18,921</td><td>12,900</td><td>17,956</td><td>1,992</td><td>93</td></tr><tr><td>Floor taxes</td><td>12</td><td>93,508</td><td>27,214</td><td>1,992</td><td>93</td></tr><tr><td>Perfumated malt liquors</td><td>665,009</td><td>721,604</td><td>766,983</td><td>87,210</td><td>86,670</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>4,468</td><td>5,148</td><td>5,215</td><td>8,372</td><td>2,414</td></tr><tr><td>Total liquor taxes</td><td>2,546,807</td><td>2,549,068</td><td>2,780,965</td><td>245,539</td><td>243,595</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (large)</td><td>44,220</td><td>44,760</td><td>46,277</td><td>3,866</td><td>3,741</td></tr><tr><td>Cigars (small)</td><td>56</td><td>50</td><td>49</td><td>4</td><td>4</td></tr><tr><td>Cigarettes (large)</td><td>1,293,966</td><td>1,474,060</td><td>1,586,772</td><td>134,806</td><td>119,888</td></tr><tr><td>Cigarettes (small)</td><td>7,439</td><td>4,756</td><td>3,811</td><td>208</td><td>272</td></tr><tr><td>Snuff</td><td>33,570</td><td>28,517</td><td>17,214</td><td>1,362</td><td>1,322</td></tr><tr><td>Tobacco (chewing and snuffing)</td><td>1,041</td><td>913</td><td>717</td><td>89</td><td>93</td></tr><tr><td>Cigarette papers and tubes</td><td>1</td><td>2</td><td>1</td><td>5</td><td>6</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>1</td><td>17,752</td><td>19</td><td>5</td><td>5</td></tr><tr><td>Cigarette and cigar floor taxes</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Total tobacco taxes</td><td>1,330,396</td><td>1,565,162</td><td>1,694,911</td><td>140,304</td><td>125,260</td></tr><tr><td>Stamp taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Bonds, issues and transfer of capital stock, deeds of conveyance, etc.</td><td>98,758</td><td>77,536</td><td>82,640</td><td>5,587</td><td>11,247</td></tr><tr><td> Playing cards</td><td>6,222</td><td>7,353</td><td>7,582</td><td>391</td><td>415</td></tr><tr><td> Silver bullion sales or transfers</td><td>100</td><td>86</td><td>97</td><td>11</td><td>1</td></tr><tr><td>Total stamp taxes</td><td>93,107</td><td>84,999</td><td>90,319</td><td>5,989</td><td>11,663</td></tr><tr><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Lubricating oils</td><td>97,238</td><td>95,286</td><td>73,321</td><td>7,102</td><td>6,336</td></tr><tr><td> Gasoline</td><td>569,048</td><td>713,174</td><td>890,679</td><td>82,326</td><td>83,560</td></tr><tr><td> Tires and tubes</td><td>198,383</td><td>161,428</td><td>130,047</td><td>16,095</td><td>19,461</td></tr><tr><td> Automobile trucks and buses</td><td>121,699</td><td>147,445</td><td>210,032</td><td>23,372</td><td>15,416</td></tr><tr><td> Other automobiles and motorcycles</td><td>653,363</td><td>578,149</td><td>789,716</td><td>52,013</td><td>90,660</td></tr><tr><td> Parts and accessories for automobiles</td><td>119,472</td><td>164,135</td><td>171,924</td><td>13,872</td><td>15,210</td></tr><tr><td> Electrical energy g./l.</td><td>93,338</td><td>33,094</td><td>-</td><td>-</td><td>-</td></tr><tr><td> Electric, gas, and oil appliances</td><td>121,996</td><td>89,944</td><td>133,390</td><td>7,432</td><td>8,933</td></tr><tr><td> Electric light bulb and tubes</td><td>30,828</td><td>30,735</td><td>36,684</td><td>2,631</td><td>3,187</td></tr><tr><td> Radio sets, phonographs, television sets, components, etc.</td><td>125,137</td><td>119,928</td><td>159,643</td><td>6,743</td><td>7,659</td></tr><tr><td> Phonograph records</td><td>7,007</td><td>6,880</td><td>7,617</td><td>316</td><td>245</td></tr><tr><td> Musical instruments</td><td>10,756</td><td>9,412</td><td>11,048</td><td>772</td><td>497</td></tr><tr><td> Mechanical refrigerators</td><td>96,319</td><td>57,970</td><td>87,424</td><td>6,164</td><td>9,573</td></tr><tr><td> Matches</td><td>10,169</td><td>8,092</td><td>8,590</td><td>640</td><td>900</td></tr><tr><td> Business and store machines</td><td>44,491</td><td>42,235</td><td>50,733</td><td>4,733</td><td>6,116</td></tr><tr><td> Photographic apparatus</td><td>46,020</td><td>33,766</td><td>29,401</td><td>2,136</td><td>2,714</td></tr><tr><td> Sporting goods</td><td>17,862</td><td>16,201</td><td>15,945</td><td>1,425</td><td>1,959</td></tr><tr><td> Firearms, shells, and cartridges</td><td>17,946</td><td>10,579</td><td>12,518</td><td>1,165</td><td>1,621</td></tr><tr><td> Pistols and revolvers</td><td>768</td><td>1,172</td><td>983</td><td>72</td><td>91</td></tr><tr><td> Mechanical pencils, pens, and lighters g./l.</td><td>1</td><td>4,880</td><td>11,938</td><td>729</td><td>746</td></tr><tr><td>Total manufacturers' excise taxes</td><td>2,383,677</td><td>2,348,943</td><td>2,862,788</td><td>229,591</td><td>273,933</td></tr></table>
Footnotes at and of table
(Continued on following page)
42
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 colspan="3">Fiscal year</th><th colspan="2">First month of fiscal year</th></tr><tr><th></th><th>1951</th><th>1952</th><th>1953</th><th>1953 (July 1952)</th><th>1954 (July 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>Furs</td><td>57,604</td><td>51,436</td><td>49,891</td><td>1,606</td><td>1,599</td></tr><tr><td>Jewelry</td><td>210,239</td><td>280,339</td><td>234,614</td><td>18,709</td><td>19,018</td></tr><tr><td>Luggage</td><td>86,811</td><td>90,799</td><td>95,744</td><td>8,203</td><td>7,739</td></tr><tr><td>Toilet preparations</td><td>106,339</td><td>135,996</td><td>112,667</td><td>9,397</td><td>9,996</td></tr><tr><td>Total retailers' excise taxes</td><td>457,033</td><td>475,466</td><td>492,917</td><td>38,175</td><td>38,412</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>80,198</td><td>78,473</td><td>78,161</td><td>2,976</td><td>6,397</td></tr><tr><td>Telephone, telegraph, radio, and cable facilities</td><td>394,660</td><td>395,434</td><td>317,928</td><td>44,719</td><td>41,668</td></tr><tr><td>Local telephone service</td><td>890,380</td><td>330,337</td><td>357,981</td><td>41,258</td><td>37,850</td></tr><tr><td>Transportation of oil by pipe line</td><td>24,946</td><td>26,881</td><td>20,378</td><td>2,584</td><td>1,998</td></tr><tr><td>Transportation of persons, etc.</td><td>237,617</td><td>275,174</td><td>287,851</td><td>24,007</td><td>26,380</td></tr><tr><td>Transportation of property</td><td>381,342</td><td>388,589</td><td>419,218</td><td>33,946</td><td>39,469</td></tr><tr><td>Lease of safe-deposit boxes</td><td>3,569</td><td>10,211</td><td>10,814</td><td>928</td><td>804</td></tr><tr><td>Admission to theaters, concerts, etc.</td><td>340,492</td><td>330,817</td><td>312,831</td><td>28,693</td><td>28,368</td></tr><tr><td>Admissions to cabarets, roof gardens, etc.</td><td>42,646</td><td>45,489</td><td>46,691</td><td>4,000</td><td>3,757</td></tr><tr><td>Club dues and initiation fees</td><td>30,120</td><td>33,592</td><td>36,889</td><td>3,450</td><td>3,380</td></tr><tr><td>Bowling alleys, pool tables, etc.</td><td>3,610</td><td>3,499</td><td>3,411</td><td>1,197</td><td>1,190</td></tr><tr><td>Coin operated devices</td><td>20,731</td><td>18,983</td><td>16,505</td><td>6,574</td><td>6,285</td></tr><tr><td>Altered and process or renovated butter, and filled cheese</td><td>11</td><td>4</td><td>6</td><td>1</td><td>1</td></tr><tr><td>Maricotine, including marihuana and special taxes</td><td>866</td><td>915</td><td>989</td><td>170</td><td>181</td></tr><tr><td>Coconut and other vegetable oils processed</td><td>19,088</td><td>15,805</td><td>17,957</td><td>1,260</td><td>1,608</td></tr><tr><td>National Firearms Act</td><td>9</td><td>3</td><td>7</td><td></td><td>1</td></tr><tr><td>Diesel oil 2/</td><td></td><td>7,138</td><td>15,091</td><td>1,409</td><td>1,338</td></tr><tr><td>Vaporizing taxes 6/</td><td></td><td>5,345</td><td>10,502</td><td>1,139</td><td>1,224</td></tr><tr><td>All other, including repealed taxes not shown separately</td><td>361</td><td>1,261</td><td>647</td><td>55</td><td>46</td></tr><tr><td>Total miscellaneous taxes</td><td>1,842,598</td><td>1,947,311</td><td>2,061,230</td><td>203,892</td><td>201,903</td></tr><tr><td>Total miscellaneous internal revenue</td><td>9,433,388</td><td>9,404,112</td><td>10,871,375</td><td>947,042</td><td>971,506</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>3,843,988</td><td>3,792,990</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>4660,409</td><td>465,502</td><td>484,145</td><td>430,755</td><td>480,534</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>3,413,233</td><td>3,332,384</td></tr></table>
Source: Daily Treasury Statement for total receipts from internal revenue; reports by the Internal Revenue Service for collections by type of taxes; and by type of taxpayer; and by source of funds. In calculating the Receipts on the Daily Treasury Statement table are compiled from the latest daily reports from Government depositaries; they do not coincide with the data reported in the Government's annual report on the status of the bag in deposits of collections and because certain taxes are paid directly into the depositaries.
1/ Includes collections from taxes to certain trust accounts for island concessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 355, approved June 10, 1952, for taxable years beginning after 1952).
2/ Includes excess profits taxes on Army and Navy contracts imposed by the Vinson Act as amended (34 U.S.C. 494), and income tax on business income, for example, excise taxes, imposed by the Revenue Act of 1951, approved October 20, 1951.
3/ Includes old-age insurance tax on self-employment income, imposed by
the Social Security Act Amendment of 1950 (Public Law 734), approved August 28, 1950. The tax is levied and collected as part of the individual income tax. For the taxable year 1951. For estimated fiscal year breakdown, see Table I.
3/ Beginning January 1951, withheld income tax and social security employment taxes on employers and employees are paid into the Treasury instead of being remitted without separation as to type of tax, pursuant to the Social Security Act Amendment of 1950. For estimated fiscal year breakdown, see Table I.
5/ Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Miscella-neous taxes."
6/ Effective November 1, 1951, under Revenue Act of 1951.
7/ Applies to gasoline oil used in highway vehicles; effective November 1, 1951, under Revenue Act of 1951.
* Less than $500.
September 1955
43
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 3/</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes 3/</th><th>National bank notes 3/</th></tr><tr><td>1946</td><td>28,245</td><td>26,945</td><td>50</td><td>2,025</td><td>1</td><td>317</td><td>23,973</td><td>664</td><td>114</td></tr><tr><td>1947</td><td>28,577</td><td>26,942</td><td>48</td><td>2,061</td><td>1</td><td>320</td><td>23,999</td><td>406</td><td>106</td></tr><tr><td>1948</td><td>27,973</td><td>26,438</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>27,923</td><td>26,034</td><td>43</td><td>2,061</td><td>1</td><td>319</td><td>23,209</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>22,760</td><td>274</td><td>86</td></tr><tr><td>1951</td><td>27,829</td><td>26,211</td><td>39</td><td>2,092</td><td>1</td><td>318</td><td>23,456</td><td>243</td><td>61</td></tr><tr><td>1952</td><td>29,026</td><td>27,348</td><td>38</td><td>2,088</td><td>1</td><td>318</td><td>24,605</td><td>221</td><td>77</td></tr><tr><td>1953</td><td>30,125</td><td>28,359</td><td>37</td><td>2,122</td><td>1</td><td>318</td><td>25,609</td><td>200</td><td>73</td></tr><tr><td>1952-December</td><td>30,433</td><td>28,683</td><td>37</td><td>2,105</td><td>1</td><td>318</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>29,793</td><td>28,068</td><td>37</td><td>2,027</td><td>1</td><td>312</td><td>25,410</td><td>207</td><td>75</td></tr><tr><td>March</td><td>29,794</td><td>28,017</td><td>37</td><td>2,065</td><td>1</td><td>318</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>318</td><td>25,376</td><td>204</td><td>74</td></tr><tr><td>May</td><td>29,951</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</td><td>30,125</td><td>28,359</td><td>37</td><td>2,122</td><td>1</td><td>318</td><td>25,839</td><td>200</td><td>73</td></tr><tr><td>July</td><td>30,115</td><td>28,346</td><td>36</td><td>2,107</td><td>1</td><td>317</td><td>25,613</td><td>198</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) 2/</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>1946</td><td>1,330</td><td>140</td><td>843</td><td>317</td><td>199.76</td></tr><tr><td>1947</td><td>1,359</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>919</td><td>346</td><td>190.31</td></tr><tr><td>1949</td><td>1,459</td><td>166</td><td>940</td><td>355</td><td>188.33</td></tr><tr><td>1950</td><td>1,456</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>1,020</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>186.90 r</td></tr><tr><td>1953</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>188.65</td></tr><tr><td>1952-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>1,136</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>187.56</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>187.38</td></tr><tr><td>May</td><td>1,755</td><td>201</td><td>1,144</td><td>410</td><td>187.81 r</td></tr><tr><td>June</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>188.65</td></tr><tr><td>July F</td><td>1,769</td><td>203</td><td>1,192</td><td>414</td><td>188.28</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 re-tired upon receipt by the Treasury.
4/ Federal-Reserve Bank notes and national bank notes are covered by deposits 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.
24
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 ($)/5 per fine ounce)</th><th>Silver ($1.25+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks (in percent)</th></tr><tr><td>1946</td><td>20,269.9</td><td>3,308.4</td><td>14.8</td></tr><tr><td>1947</td><td>21,266.5</td><td>3,325.7</td><td>14.2</td></tr><tr><td>1948</td><td>23,532.5</td><td>3,571.0</td><td>13.2</td></tr><tr><td>1949</td><td>24,466.3</td><td>3,618.3</td><td>12.9</td></tr><tr><td>1950</td><td>24,230.7</td><td>3,671.5</td><td>13.2</td></tr><tr><td>1951</td><td>21,755.9</td><td>3,718.5</td><td>14.6</td></tr><tr><td>1952</td><td>23,346.5</td><td>3,765.5</td><td>13.9</td></tr><tr><td>1953</td><td>22,462.8</td><td>3,814.3</td><td>14.5</td></tr><tr><td>1952-December</td><td>23,187.1</td><td>3,794.1</td><td>14.1</td></tr><tr><td>1953-January</td><td>22,985.8</td><td>3,797.7</td><td>14.2</td></tr><tr><td>February</td><td>22,662.1</td><td>3,801.0</td><td>14.4</td></tr><tr><td>March</td><td>22,562.7</td><td>3,804.7</td><td>14.4</td></tr><tr><td>April</td><td>22,361.8</td><td>3,806.6</td><td>14.4</td></tr><tr><td>May</td><td>22,536.8</td><td>3,812.4</td><td>14.5</td></tr><tr><td>June</td><td>22,462.8</td><td>3,814.3</td><td>14.5</td></tr><tr><td>July p</td><td>22,277.0</td><td>3,820.4</td><td>14.6</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.
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 1/</th><th>Gold reserve against U.S. notes, etc. 2/</th><th>Exchange Stabilization Fund 3/</th><th>Gold in general fund</th></tr><tr><td>1946</td><td>20,529.0</td><td>18,430.5</td><td>156.0</td><td>1,800.0</td><td>1,424.4</td></tr><tr><td>1947</td><td>22,723.9</td><td>21,544.0</td><td>156.0</td><td>-</td><td>1,051.9</td></tr><tr><td>1948</td><td>24,243.9</td><td>23,010.0</td><td>156.0</td><td>-</td><td>1,077.9</td></tr><tr><td>1949</td><td>24,627.1</td><td>23,217.9</td><td>156.0</td><td>-</td><td>1,051.2</td></tr><tr><td>1950</td><td>22,706.1</td><td>21,497.5</td><td>156.0</td><td>-</td><td>1,052.6</td></tr><tr><td>1951</td><td>22,625.5</td><td>21,245.5</td><td>156.0</td><td>-</td><td>1,032.9</td></tr><tr><td>1952</td><td>23,157.1</td><td>22,082.8</td><td>156.0</td><td>-</td><td>1,008.2</td></tr><tr><td>1953-January</td><td>22,985.8</td><td>21,827.4</td><td>156.0</td><td>-</td><td>1,002.4</td></tr><tr><td>February</td><td>22,662.1</td><td>21,517.0</td><td>156.0</td><td>-</td><td>989.1</td></tr><tr><td>March</td><td>22,541.8</td><td>21,340.0</td><td>156.0</td><td>-</td><td>1,002.6</td></tr><tr><td>April</td><td>22,531.8</td><td>21,410.9</td><td>156.0</td><td>-</td><td>989.9</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</td><td>22,462.8</td><td>21,322.9</td><td>156.0</td><td>-</td><td>983.9</td></tr><tr><td>July</td><td>22,277.0</td><td>21,121.9</td><td>156.0</td><td>-</td><td>999.1</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/ Reserve against United States notes and Treasury notes of 1890. 3/ Exclude gold in active portion of Exchange Stabilization Fund. p Preliminary.
September 1953
45
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="3">Securing silver certificates 1/</th><th colspan="2">In general fund</th><th colspan="2">Silver outside Treasury</th><th>Total silver at $1.29+ per fine ounce</th></tr><tr><th></th><th>Silver bullion 2/</th><th>Silver dollars</th><th>Subsidiary coin 1/</th><th>Bullion for recoining 1/</th><th>Bullion at cost 2/</th><th>Silver dollars 1/</th><th>Subsidiary coin 1/</th><th></th></tr><tr><td>1946....................</td><td>1,911.2</td><td>343.4</td><td>14.0</td><td>-</td><td>93.1</td><td>150.1</td><td>901.1</td><td>3,514.2</td></tr><tr><td>1947....................</td><td>1,937.6</td><td>337.2</td><td>13.1</td><td>-</td><td>91.1</td><td>156.2</td><td>969.7</td><td>3,291.9</td></tr><tr><td>1948....................</td><td>1,973.5</td><td>338.1</td><td>5.9</td><td>-</td><td>89.3</td><td>160.2</td><td>974.2</td><td>3,596.7</td></tr><tr><td>1949....................</td><td>2,003.2</td><td>351.9</td><td>11.4</td><td>-</td><td>94.4</td><td>171.0</td><td>982.2</td><td>3,643.1</td></tr><tr><td>1950....................</td><td>2,040.7</td><td>312.8</td><td>3.6</td><td>-</td><td>95.1</td><td>179.8</td><td>1,082.2</td><td>3,677.1</td></tr><tr><td>1951....................</td><td>2,073.5</td><td>301.0</td><td>1.7</td><td>-</td><td>88.0</td><td>191.3</td><td>1,081.3</td><td>3,761.3</td></tr><tr><td>1952....................</td><td>2,103.7</td><td>289.3</td><td>3.9</td><td>-2</td><td>85.2</td><td>202.2</td><td>1,158.1</td><td>3,759.1</td></tr><tr><td>1953-January............</td><td>2,113.3</td><td>289.1</td><td>8.9</td><td>*</td><td>81.9</td><td>202.6</td><td>1,158.6</td><td>3,797.7</td></tr><tr><td>February.................</td><td>2,115.3</td><td>288.9</td><td>10.0</td><td>-</td><td>81.3</td><td>202.8</td><td>1,158.8</td><td>3,801.0</td></tr><tr><td>March....................</td><td>2,115.3</td><td>288.1</td><td>12.6</td><td>-</td><td>39.1</td><td>202.9</td><td>1,161.3</td><td>3,804.7</td></tr><tr><td>April....................</td><td>2,120.8</td><td>288.2</td><td>18.2</td><td>-1</td><td>36.4</td><td>203.5</td><td>1,166.3</td><td>3,808.6</td></tr><tr><td>May....................</td><td>2,123.7</td><td>287.9</td><td>18.0</td><td>-</td><td>35.1</td><td>204.1</td><td>1,172.2</td><td>3,812.4</td></tr><tr><td>June....................</td><td>2,126.3</td><td>286.4</td><td>13.9</td><td>-</td><td>33.6</td><td>205.1</td><td>1,179.8</td><td>3,824.3</td></tr><tr><td>July p..................</td><td>2,128.0</td><td>285.2</td><td>12.4</td><td>-</td><td>33.9</td><td>206.3</td><td>1,185.2</td><td>3,800.4</td></tr></table>
Source: 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 amount, 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).
see 1946 Annual Report of the Secretary of the Treasury for amounts). Valued at $1.38+ per fine ounce. Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion is held for recoining of subsidiary silver coins or for recoining of standard silver dollars. Preliminary. Less than $50 thousand.
Table 5.- Silver Production in the United States and Acquisitions by Mints and Assay Offices
(In millions of ounces or dollars)
<table><tr><th>Calendar year or month</th><th>Silver production in United States</th><th colspan="2">Silver acquisitions by mints and assay offices</th><th colspan="2">Foreign silver 1/</th></tr><tr><th></th><th>Ounces</th><th colspan="2">Reval mixed domestic silver 2/</th><th>Ounces</th><th>Dollars</th></tr><tr><th></th><th></th><th>Ounces</th><th>Dollars</th><th></th><th></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>4.4</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>38.6</td><td>30.3 3/</td><td>27.4 3/</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>39.2</td><td>36.8</td><td>33.3</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>39.9<sup>1</sup></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>3.3</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><tr><td>June</td><td>1.9</td><td>1.5</td><td>1.3</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, 194
3/ No foreign silver has been purchased under the Silver Purchase Act of 1934 since May 1942.
b/ 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.
r Revised.
46
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 coins (silver and minor)</th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Newly mined silver (Proc. Dec. 21, 1933)</th><th>Newly mined silver (Acte July 6, 1939, and July 31, 1946)</th><th>Silver Purchases Act of June 19, 1938</th><th>Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revealed</th><th>Potential seigniorage on silver in million at cost in general fund $/</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>386.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>437.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.7</td><td>759.8</td><td>1,059.8</td></tr><tr><td>1941</td><td>182.1</td><td>48.7</td><td>87.6</td><td>48.3</td><td>580.4</td><td>34.7</td><td>799.7</td><td>1,049.0</td></tr><tr><td>1942</td><td>245.7</td><td>48.7</td><td>87.6</td><td>63.6</td><td>534.3</td><td>34.7</td><td>818.9</td><td>1,048.2</td></tr><tr><td>1943</td><td>299.6</td><td>48.7</td><td>87.6</td><td>65.3</td><td>534.3</td><td>34.7</td><td>820.3</td><td>938.3</td></tr><tr><td>1944</td><td>362.3</td><td>48.7</td><td>87.6</td><td>65.4</td><td>594.3</td><td>34.7</td><td>860.7</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>333.2</td></tr><tr><td>1946</td><td>491.9</td><td>48.7</td><td>87.6</td><td>66.5</td><td>832.1</td><td>34.7</td><td>1,069.6</td><td>161.2</td></tr><tr><td>1947</td><td>520.7</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>1948</td><td>592.2</td><td>48.7</td><td>87.6</td><td>84.6</td><td>832.2</td><td>34.7</td><td>1,087.8</td><td>129.9</td></tr><tr><td>1949</td><td>578.7</td><td>48.7</td><td>87.6</td><td>93.5</td><td>833.6</td><td>34.7</td><td>1,098.1</td><td>127.2</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>111.7</td></tr><tr><td>1951</td><td>642.3</td><td>48.7</td><td>87.6</td><td>114.6</td><td>833.6</td><td>34.7</td><td>1,122.6</td><td>81.9</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>77.2</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>56.5</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>1,132.0</td><td>57.6</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>1,133.6</td><td>59.5</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>1,134.1</td><td>53.9</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>50.0</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>46.4</td></tr><tr><td>July</td><td>719.7</td><td>48.7</td><td>87.6</td><td>130.9</td><td>833.6</td><td>34.7</td><td>1,135.5</td><td>46.9</td></tr></table>
Source: 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 seigniorage thereon changes.
47
September 1955
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 1935, 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 as 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 appearing 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 basis 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 balances</th><th>Transactions in domestic securities</th><th>Transactions in foreign securities</th></tr><tr><td>1935-41</td><td>5,359,071</td><td>3,770,982</td><td>100,870</td><td>669,733</td><td>895,948</td></tr><tr><td>1942</td><td>666,121</td><td>583,373</td><td>3,213</td><td>46,599</td><td>-7,364</td></tr><tr><td>1943</td><td>1,286,933</td><td>1,168,058</td><td>23,372</td><td>87,957</td><td>77,696</td></tr><tr><td>1944</td><td>461,524</td><td>448,594</td><td>8,289</td><td>210,737</td><td>93,436</td></tr><tr><td>1945</td><td>1,074,375</td><td>1,216,303</td><td>17,794</td><td>-133,105</td><td>-46,617</td></tr><tr><td>1946</td><td>-793,384</td><td>-733,909</td><td>9,661</td><td>-334,803</td><td>269,127</td></tr><tr><td>1947</td><td>334,163</td><td>395,284</td><td>-11,318</td><td>-89,092</td><td>39,032</td></tr><tr><td>1948</td><td>229,417</td><td>231,147</td><td>-19,738</td><td>-12,219</td><td>-25,832</td></tr><tr><td>1949</td><td>194,988</td><td>90,865</td><td>630</td><td>75,803</td><td>27,800</td></tr><tr><td>1950</td><td>1,757,618</td><td>950,583</td><td>7,998</td><td>944,430</td><td>-145,387</td></tr><tr><td>1951</td><td>-380,471</td><td>986,948</td><td>-6,141</td><td>-584,889</td><td>-376,989</td></tr><tr><td>1952</td><td>1,258,841</td><td>1,163,573</td><td>-1,800</td><td>314,944</td><td>-217,976</td></tr><tr><td>1952-July</td><td>356,566</td><td>318,490</td><td>-3,738</td><td>22,924</td><td>18,890</td></tr><tr><td>August</td><td>189,905</td><td>130,036</td><td>-4,108</td><td>38,993</td><td>31,018</td></tr><tr><td>September</td><td>228,533</td><td>223,113</td><td>2,153</td><td>-6,368</td><td>9,243</td></tr><tr><td>October</td><td>82,614</td><td>-114,497</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>-7,830</td><td>61,783</td><td>7,029</td></tr><tr><td>December</td><td>-167,792</td><td>-159,608</td><td>3,696</td><td>32,183</td><td>-44,082</td></tr><tr><td>1953-January</td><td>-15,033</td><td>-38,331</td><td>3,516</td><td>33,899</td><td>-19,177</td></tr><tr><td>February</td><td>-140,621</td><td>-98,831</td><td>-4,840</td><td>1,447</td><td>-34,976</td></tr><tr><td>March</td><td>179,636</td><td>197,031</td><td>-1,691</td><td>7,723</td><td>-83,447</td></tr><tr><td>April</td><td>258,306</td><td>286,304</td><td>-1,836</td><td>690</td><td>-27,926</td></tr><tr><td>May p</td><td>174,121</td><td>100,668</td><td>-334</td><td>5,175</td><td>6,118</td></tr><tr><td>June p</td><td>86,902</td><td>15,736</td><td>-938</td><td>13,977</td><td>56,774</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary.
r Revived.
48
Treasury Bulletin
CAPITAL MOVEMENTS
Section I - 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>Total</th><th>Payable in foreign currencies</th><th>Payable to foreign banks</th><th>Other</th><th>Total</th><th>Deposite or foreigners</th><th>Payable in dollars</th><th>Payable in foreign currencies</th></tr><tr><td>1942</td><td>246,673</td><td>30,316</td><td>72,048</td><td>143,709</td><td>4,205,389</td><td>3,323,328</td><td>668,168</td><td>13,893</td><td>3,958,716</td></tr><tr><td>1943</td><td>237,369</td><td>31,287</td><td>86,270</td><td>137,264</td><td>2,375,903</td><td>4,134,412</td><td>1,222,580</td><td>17,911</td><td>5,116,776</td></tr><tr><td>1944</td><td>389,594</td><td>24,603</td><td>100,421</td><td>165,670</td><td>5,296,773</td><td>3,335,203</td><td>1,618,333</td><td>21,041</td><td>3,974,683</td></tr><tr><td>1945</td><td>339,766</td><td>47,459</td><td>100,267</td><td>285,010</td><td>6,883,068</td><td>4,946,628</td><td>1,910,958</td><td>25,946</td><td>6,900,302</td></tr><tr><td>1946</td><td>100,453</td><td>36,113</td><td>339,639</td><td>290,499</td><td>6,140,266</td><td>4,093,911</td><td>1,745,782</td><td>40,689</td><td>5,776,009</td></tr><tr><td>1947</td><td>948,936</td><td>164,399</td><td>238,866</td><td>456,668</td><td>7,116,419</td><td>4,903,935</td><td>2,057,330</td><td>49,348</td><td>6,168,483</td></tr><tr><td>1948</td><td>1,018,700</td><td>100,371</td><td>361,497</td><td>557,332</td><td>7,717,960</td><td>5,009,820</td><td>2,437,753</td><td>70,389</td><td>6,699,360</td></tr><tr><td>1949</td><td>827,954</td><td>110,304</td><td>222,719</td><td>434,331</td><td>7,617,959</td><td>5,073,556</td><td>2,493,338</td><td>51,019</td><td>6,790,105</td></tr><tr><td>1950</td><td>997,965</td><td>265,403</td><td>232,115</td><td>505,368</td><td>8,541,773</td><td>5,512,039</td><td>3,007,933</td><td>44,911</td><td>7,966,830</td></tr><tr><td>1951</td><td>968,443</td><td>91,803</td><td>177,846</td><td>699,389</td><td>9,302,200</td><td>5,318,058</td><td>3,947,912</td><td>70,286</td><td>8,333,797</td></tr><tr><td>1952</td><td>1,048,722</td><td>78,364</td><td>122,866</td><td>847,832</td><td>10,946,092</td><td>5,831,895</td><td>4,692,706</td><td>61,371</td><td>9,497,130</td></tr><tr><td>1952-July</td><td>1,086,209</td><td>64,913</td><td>126,821</td><td>834,475</td><td>10,356,210</td><td>5,752,824</td><td>4,324,598</td><td>79,388</td><td>9,330,001</td></tr><tr><td>August</td><td>1,066,280</td><td>74,427</td><td>140,438</td><td>842,455</td><td>10,382,357</td><td>5,794,008</td><td>4,670,187</td><td>62,086</td><td>9,860,037</td></tr><tr><td>September</td><td>1,023,375</td><td>70,200</td><td>139,718</td><td>813,552</td><td>10,706,759</td><td>5,912,960</td><td>4,909,166</td><td>65,699</td><td>9,683,410</td></tr><tr><td>October</td><td>1,021,996</td><td>78,492</td><td>122,592</td><td>820,982</td><td>10,841,755</td><td>5,972,389</td><td>4,972,188</td><td>64,458</td><td>9,959,329</td></tr><tr><td>November</td><td>1,021,120</td><td>66,290</td><td>112,662</td><td>832,168</td><td>10,678,092</td><td>5,935,113</td><td>4,879,138</td><td>63,799</td><td>9,696,938</td></tr><tr><td>December</td><td>1,048,722</td><td>78,364</td><td>122,866</td><td>847,832</td><td>10,946,092</td><td>5,831,895</td><td>4,692,706</td><td>61,371</td><td>9,497,130</td></tr><tr><td>1953-January</td><td>1,036,006</td><td>85,672</td><td>115,639</td><td>837,699</td><td>10,501,005</td><td>5,733,107</td><td>4,717,878</td><td>58,620</td><td>9,464,999</td></tr><tr><td>February</td><td>1,034,120</td><td>69,028</td><td>124,011</td><td>837,070</td><td>10,400,278</td><td>5,671,495</td><td>4,707,956</td><td>58,778</td><td>9,379,421</td></tr><tr><td>March</td><td>1,040,699</td><td>77,372</td><td>148,233</td><td>815,093</td><td>10,603,804</td><td>5,750,153</td><td>4,809,875</td><td>63,771</td><td>9,363,199</td></tr><tr><td>April</td><td>1,089,912</td><td>70,494</td><td>134,012</td><td>882,909</td><td>10,879,918</td><td>5,807,766</td><td>5,027,438</td><td>44,760</td><td>9,890,003</td></tr><tr><td>May p</td><td>977,318</td><td>76,510</td><td>112,778</td><td>788,030</td><td>10,987,983</td><td>5,940,308</td><td>5,096,926</td><td>51,149</td><td>9,990,665</td></tr><tr><td>June p</td><td>941,280</td><td>75,539</td><td>112,797</td><td>752,904</td><td>10,907,642</td><td>5,987,213</td><td>4,997,594</td><td>52,839</td><td>9,968,401</td></tr></table>
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.
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>Calendar year or month</th><th>Total</th><th>Payable in foreign currencies</th><th>Payable in dollars</th><th>Loans to foreign banks</th><th>Other</th><th>Total</th><th>Payable in dollars</th><th>Deposits of foreigners</th><th>Other</th><th>Payable in foreign currencies</th><th>Not movement of short-term banking funds</th></tr><tr><td>1955-51</td><td>736,307</td><td>307,187</td><td>6,409</td><td>428,711</td><td>3,034,615</td><td>2,906,001</td><td>266,156</td><td>-37,542</td><td>3,770,982</td></tr><tr><td>1956</td><td>97,503</td><td>15,733</td><td>20,671</td><td>60,899</td><td>485,870</td><td>109,607</td><td>189,369</td><td>-93,173</td><td>1,517</td></tr><tr><td>1957</td><td>11,856</td><td>-3,471</td><td>-14,330</td><td>6,545</td><td>1,2179,314</td><td>680,884</td><td>554,312</td><td>1,168,058</td><td></td></tr><tr><td>1958</td><td>71,705</td><td>-20,216</td><td>-19,043</td><td>-38,506</td><td>280,359</td><td>280,576</td><td>1,947</td><td>3,730</td><td>148,594</td></tr><tr><td>1959</td><td>43,072</td><td>-43,114</td><td>5,134</td><td>-1,310</td><td>1,279,379</td><td>983,205</td><td>696,865</td><td>3,909</td><td>1,215,303</td></tr><tr><td>1960</td><td>-213,687</td><td>-50,630</td><td>-219,372</td><td>-45,849</td><td>-418,828</td><td>-868,894</td><td>-124,521</td><td>15,003</td><td>-733,909</td></tr><tr><td>1961</td><td>-240,683</td><td>-67,382</td><td>26,773</td><td>-200,136</td><td>636,207</td><td>125,384</td><td>511,788</td><td>9,035</td><td>395,924</td></tr><tr><td>1962</td><td>-69,764</td><td>65,068</td><td>-68,331</td><td>-66,501</td><td>601,543</td><td>400,575</td><td>180,241</td><td>20,725</td><td>511,777</td></tr><tr><td>1963</td><td>190,846</td><td>-10,433</td><td>130,478</td><td>68,501</td><td>-100,001</td><td>-136,234</td><td>79,253</td><td>13,290</td><td>90,849</td></tr><tr><td>1950</td><td>-76,233</td><td>-129,779</td><td>65,483</td><td>-11,337</td><td>1,066,816</td><td>1,310,830</td><td>605,698</td><td>-6,128</td><td>990,983</td></tr><tr><td>1951</td><td>70,477</td><td>148,775</td><td>-26,131</td><td>-193,121</td><td>677,429</td><td>-121,810</td><td>721,920</td><td>27,315</td><td>556,948</td></tr><tr><td>1952</td><td>-80,279</td><td>13,444</td><td>94,330</td><td>-148,203</td><td>1,243,892</td><td>449,833</td><td>604,874</td><td>-10,855</td><td>1,163,573</td></tr><tr><td>1952-July</td><td>3,339</td><td>8,463</td><td>9,832</td><td>-24,901</td><td>315,096</td><td>34,303</td><td>285,937</td><td>-5,244</td><td>338,430</td></tr><tr><td>August</td><td>40,111</td><td>-5,924</td><td>-25,850</td><td>17,167</td><td>121,247</td><td>12,860</td><td>114,387</td><td>-1,839</td><td>120,548</td></tr><tr><td>September</td><td>42,945</td><td>8,221</td><td>9,720</td><td>29,004</td><td>120,428</td><td>37,876</td><td>138,979</td><td>3,373</td><td>223,373</td></tr><tr><td>October</td><td>1,723</td><td>-4,376</td><td>17,540</td><td>-8,341</td><td>-119,220</td><td>-83,019</td><td>-34,978</td><td>-1,207</td><td>-114,497</td></tr><tr><td>November</td><td>-2,468</td><td>8,392</td><td>2,516</td><td>-13,376</td><td>90,487</td><td>186,128</td><td>-29,050</td><td>-657</td><td>88,019</td></tr><tr><td>December</td><td>-27,602</td><td>-12,674</td><td>-3,304</td><td>-13,324</td><td>-128,200</td><td>-102,628</td><td>-60,632</td><td>-8,238</td><td>-159,860</td></tr><tr><td>1953-January</td><td>12,716</td><td>-41,208</td><td>7,227</td><td>9,797</td><td>-45,047</td><td>-100,788</td><td>64,429</td><td>-8,751</td><td>-38,331</td></tr><tr><td>February</td><td>1,826</td><td>13,564</td><td>-19,072</td><td>1,504</td><td>-100,727</td><td>-59,249</td><td>-7,692</td><td>114</td><td>-98,832</td></tr><tr><td>March</td><td>-6,495</td><td>-8,164</td><td>-13,442</td><td>15,111</td><td>203,266</td><td>112,153</td><td>100,893</td><td>-8,960</td><td>197,031</td></tr><tr><td>April</td><td>10,690</td><td>6,870</td><td>14,141</td><td>-10,329</td><td>216,414</td><td>57,615</td><td>211,223</td><td>286</td><td>213,509</td></tr><tr><td>May</td><td>25,678</td><td>-6,016</td><td>33,379</td><td>31,259</td><td>128,058</td><td>38,928</td><td>91,942</td><td>6,429</td><td>100,668</td></tr><tr><td>June</td><td>36,078</td><td>271</td><td>-19</td><td>35,266</td><td>-80,342</td><td>16,910</td><td>-38,942</td><td>1,690</td><td>15,736</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary.
r Revised.
September 1955
49
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 purchases 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>1946-41</td><td>430,845 1/</td><td>841,610 1/</td><td>-411,369 1/</td><td>396,768 1/</td><td>496,420 1/</td><td>-95,652 1/</td><td>9,322,066</td><td>8,699,335</td><td>626,731</td></tr><tr><td>1946</td><td>95,383</td><td>75,437</td><td>20,950</td><td>164,218</td><td>135,514</td><td>25,704</td><td>260,601</td><td>214,002</td><td>46,599</td></tr><tr><td>1947</td><td>151,539</td><td>194,616</td><td>-46,577</td><td>343,899</td><td>370,295</td><td>-79,744</td><td>198,398</td><td>374,171</td><td>25,767</td></tr><tr><td>1948</td><td>136,893</td><td>171,432</td><td>-34,579</td><td>531,558</td><td>669,284</td><td>28,534</td><td>690,431</td><td>839,676</td><td>210,753</td></tr><tr><td>1949</td><td>260,282</td><td>397,055</td><td>-97,432</td><td>371,717</td><td>393,390</td><td>-15,673</td><td>637,940</td><td>751,045</td><td>-13,105</td></tr><tr><td>1946</td><td>367,049</td><td>438,109</td><td>-64,460</td><td>414,470</td><td>698,213</td><td>-269,743</td><td>782,119</td><td>1,116,328</td><td>-334,203</td></tr><tr><td>1947</td><td>226,089</td><td>376,674</td><td>-250,595</td><td>344,805</td><td>621,275</td><td>570,510</td><td>570,510</td><td>959,549</td><td>-89,039</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>844,366</td><td>-192,215</td></tr><tr><td>1949</td><td>334,095</td><td>375,303</td><td>-62,818</td><td>430,013</td><td>333,592</td><td>96,421</td><td>794,098</td><td>708,899</td><td>75,203</td></tr><tr><td>1950</td><td>666,941</td><td>604,016</td><td>2,285</td><td>1,344,111</td><td>402,606</td><td>941,505</td><td>2,011,092</td><td>1,612,682</td><td>344,430</td></tr><tr><td>1951</td><td>575,789</td><td>613,497</td><td>120,336</td><td>793,621</td><td>1,496,621</td><td>-712</td><td>1,383,920</td><td>2,117,839</td><td>-504,839</td></tr><tr><td>1952</td><td>650,231</td><td>649,197</td><td>594</td><td>733,502</td><td>143,512</td><td>312,990</td><td>1,383,993</td><td>1,069,009</td><td>314,984</td></tr><tr><td>1950-July</td><td>44,136</td><td>48,234</td><td>6,208</td><td>61,433</td><td>44,731</td><td>16,722</td><td>112,661</td><td>92,965</td><td>22,284</td></tr><tr><td>August</td><td>44,115</td><td>43,109</td><td>5,010</td><td>56,095</td><td>83,252</td><td>21,883</td><td>109,090</td><td>78,197</td><td>38,993</td></tr><tr><td>September</td><td>44,696</td><td>64,112</td><td>-19,436</td><td>42,605</td><td>29,332</td><td>13,293</td><td>87,301</td><td>93,427</td><td>-6,126</td></tr><tr><td>October</td><td>50,688</td><td>47,281</td><td>3,389</td><td>215,437</td><td>33,088</td><td>138,409</td><td>266,065</td><td>80,271</td><td>185,794</td></tr><tr><td>November</td><td>38,989</td><td>42,820</td><td>10,169</td><td>66,284</td><td>34,630</td><td>31,624</td><td>113,233</td><td>77,450</td><td>41,783</td></tr><tr><td>December</td><td>87,630</td><td>69,105</td><td>6,784</td><td>63,286</td><td>37,977</td><td>23,379</td><td>138,136</td><td>105,133</td><td>35,183</td></tr><tr><td>1951-January</td><td>70,365</td><td>52,847</td><td>18,070</td><td>53,848</td><td>38,027</td><td>15,821</td><td>124,413</td><td>90,514</td><td>33,899</td></tr><tr><td>February</td><td>37,912</td><td>45,452</td><td>12,467</td><td>45,847</td><td>56,867</td><td>-11,020</td><td>103,766</td><td>102,319</td><td>1,447</td></tr><tr><td>March</td><td>69,355</td><td>67,674</td><td>2,081</td><td>42,746</td><td>37,104</td><td>5,642</td><td>118,101</td><td>104,378</td><td>7,733</td></tr><tr><td>April</td><td>25,150</td><td>60,861</td><td>-5,713</td><td>29,060</td><td>22,699</td><td>6,401</td><td>84,210</td><td>83,360</td><td>650</td></tr><tr><td>May</td><td>42,508</td><td>43,436</td><td>-5,928</td><td>163,664</td><td>131,551</td><td>32,103</td><td>206,172</td><td>201,997</td><td>5,177</td></tr><tr><td>June</td><td>41,512</td><td>37,418</td><td>4,094</td><td>51,259</td><td>36,376</td><td>14,883</td><td>92,771</td><td>73,794</td><td>18,977</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="2">Foreign stocks</th><th colspan="2">Foreign bonds</th><th>Total purchase</th><th>Total sales</th><th>Net purchase of foreign 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></tr><tr><td>1929-41</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>4,008,188</td><td>3,132,640</td><td>859,548</td></tr><tr><td>1929</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>280,533</td><td>227,977</td><td>-71,704</td></tr><tr><td>1928</td><td>23,278</td><td>19,791</td><td>3,487</td><td>446,367</td><td>378,128</td><td>71,209</td><td>469,662</td><td>391,942</td><td>77,766</td></tr><tr><td>1927</td><td>26,601</td><td>22,078</td><td>4,523</td><td>334,256</td><td>259,259</td><td>86,973</td><td>361,863</td><td>241,167</td><td>91,330</td></tr><tr><td>1926</td><td>37,328</td><td>24,759</td><td>-17,461</td><td>338,113</td><td>347,269</td><td>-9,156</td><td>359,443</td><td>408,058</td><td>-46,617</td></tr><tr><td>1925</td><td>65,247</td><td>69,610</td><td>-363</td><td>755,936</td><td>490,446</td><td>265,490</td><td>821,183</td><td>556,056</td><td>265,127</td></tr><tr><td>1924</td><td>57,118</td><td>42,558</td><td>14,560</td><td>688,741</td><td>634,289</td><td>24,452</td><td>735,859</td><td>676,847</td><td>39,012</td></tr><tr><td>1923</td><td>61,415</td><td>36,079</td><td>-15,336</td><td>231,521</td><td>291,521</td><td>-79,333</td><td>293,316</td><td>382,638</td><td>-89,322</td></tr><tr><td>1922</td><td>88,825</td><td>70,788</td><td>18,037</td><td>321,243</td><td>311,470</td><td>9,773</td><td>410,058</td><td>338,258</td><td>87,800</td></tr><tr><td>1921</td><td>173,786</td><td>198,168</td><td>-24,382</td><td>589,232</td><td>710,239</td><td>-121,007</td><td>763,020</td><td>908,407</td><td>-145,387</td></tr><tr><td>1920</td><td>272,251</td><td>348,666</td><td>-76,415</td><td>500,449</td><td>801,023</td><td>-300,574</td><td>772,700</td><td>1,149,589</td><td>-376,889</td></tr><tr><td>1919</td><td>293,070</td><td>339,022</td><td>-55,728</td><td>495,258</td><td>671,182</td><td>-130,124</td><td>789,128</td><td>1,007,704</td><td>-218,576</td></tr><tr><td>1918-July</td><td>23,866</td><td>33,007</td><td>-9,141</td><td>26,981</td><td>28,810</td><td>20,031</td><td>76,701</td><td>57,817</td><td>18,884</td></tr><tr><td>August</td><td>24,056</td><td>22,672</td><td>1,384</td><td>27,344</td><td>33,938</td><td>59,965</td><td>82,012</td><td>20,928</td><td>31,070</td></tr><tr><td>September</td><td>28,045</td><td>26,770</td><td>-2,125</td><td>38,946</td><td>27,498</td><td>11,448</td><td>63,591</td><td>24,668</td><td>9,333</td></tr><tr><td>October</td><td>22,066</td><td>20,778</td><td>1,288</td><td>87,250</td><td>77,837</td><td>9,733</td><td>109,516</td><td>98,615</td><td>11,001</td></tr><tr><td>November</td><td>19,927</td><td>20,957</td><td>-1,030</td><td>12,821</td><td>24,281</td><td>-4,160</td><td>31,793</td><td>30,730</td><td>7,763</td></tr><tr><td>December</td><td>26,818</td><td>20,932</td><td>5,868</td><td>85,747</td><td>73,635</td><td>49,208</td><td>92,565</td><td>96,597</td><td>-44,025</td></tr><tr><td>1915-January</td><td>25,372</td><td>26,100</td><td>-788</td><td>33,041</td><td>31,490</td><td>-18,449</td><td>58,413</td><td>77,250</td><td>-19,177</td></tr><tr><td>February</td><td>28,737</td><td>28,298</td><td>439</td><td>29,394</td><td>67,805</td><td>-38,411</td><td>59,133</td><td>96,103</td><td>-37,972</td></tr><tr><td>March</td><td>27,634</td><td>37,924</td><td>-10,290</td><td>32,521</td><td>42,952</td><td>-13,393</td><td>57,155</td><td>89,056</td><td>-43,123</td></tr><tr><td>April</td><td>21,848</td><td>20,831</td><td>1,017</td><td>29,283</td><td>58,212</td><td>-38,969</td><td>51,091</td><td>79,043</td><td>-27,952</td></tr><tr><td>May</td><td>16,996</td><td>11,795</td><td>-28,940</td><td>128,384</td><td>18,966</td><td>93,418</td><td>129,240</td><td>60,762</td><td>68,478</td></tr><tr><td>June</td><td>44,947</td><td>21,905</td><td>23,042</td><td>62,365</td><td>36,836</td><td>69,729</td><td>107,312</td><td>94,741</td><td>56,771</td></tr></table>
n.a. Not available. p. Preliminary. r. Revised.
50
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1. - Net Movement of Capital and of Short-Term Banking Fund
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Country</th><th colspan="5">Net capital movement</th><th colspan="5">Short-term banking funds</th></tr><tr><th></th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June p</th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June p</th></tr><tr><td>Europe</td><td></td><td></td><td>1,953</td><td></td><td></td><td></td><td>1,953</td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>1,407</td><td>5,947</td><td>5,941</td><td>6,960</td><td>3,636</td><td>1,500</td><td>5,955</td><td>5,900</td><td>6,952</td><td>3,683</td></tr><tr><td>Belgium</td><td>10,095</td><td>1,132</td><td>8,738</td><td>-3,756</td><td>347</td><td>10,344</td><td>689</td><td>3,766</td><td>-3,150</td><td>-990</td></tr><tr><td>Czechoslovakia</td><td>-44</td><td>7</td><td>10</td><td>77</td><td>5</td><td>-18</td><td>15</td><td>1</td><td>43</td><td>1</td></tr><tr><td>Denmark</td><td>-3,496</td><td>5,521</td><td>11,072</td><td>1,792</td><td>2,416</td><td>-3,523</td><td>908</td><td>9,178</td><td>1,429</td><td>1,887</td></tr><tr><td>Finland</td><td>-3,594</td><td>-3,105</td><td>1,716</td><td>4,053</td><td>3,700</td><td>-3,593</td><td>-3,150</td><td>1,713</td><td>4,051</td><td>3,690</td></tr><tr><td>France</td><td>23,747</td><td>6,277</td><td>-24,063</td><td>22,103</td><td>57,446</td><td>23,742</td><td>6,177</td><td>-26,326</td><td>21,045</td><td>59,011</td></tr><tr><td>Germany</td><td>11,334</td><td>33,799</td><td>38,119</td><td>18,092</td><td>36,978</td><td>11,444</td><td>33,559</td><td>38,121</td><td>18,095</td><td>37,425</td></tr><tr><td>Greece</td><td>3,178</td><td>3,128</td><td>5,015</td><td>4,531</td><td>4,159</td><td>3,212</td><td>3,139</td><td>5,036</td><td>4,522</td><td>4,158</td></tr><tr><td>Italy</td><td>-18,516</td><td>13,170</td><td>6,509</td><td>-196</td><td>-1,826</td><td>-18,913</td><td>13,153</td><td>6,830</td><td>657</td><td>-1,850</td></tr><tr><td>Netherlands</td><td>10,565</td><td>6,171</td><td>-1,704</td><td>7,706</td><td>29,175</td><td>10,478</td><td>8,886</td><td>1,040</td><td>2,439</td><td>27,900</td></tr><tr><td>Norway</td><td>3,459</td><td>-323</td><td>1,248</td><td>2,730</td><td>-9,915</td><td>10,181</td><td>-809</td><td>1,040</td><td>2,439</td><td>-9,900</td></tr><tr><td>Poland</td><td>101</td><td>12</td><td>-307</td><td>173</td><td>-276</td><td>97</td><td>12</td><td>307</td><td>173</td><td>-279</td></tr><tr><td>Portugal</td><td>6,648</td><td>722</td><td>338</td><td>2,504</td><td>-413</td><td>6,673</td><td>377</td><td>300</td><td>2,518</td><td>-501</td></tr><tr><td>Russia</td><td>-50</td><td>-93</td><td>-977</td><td>-5,260</td><td>-1,603</td><td>2,458</td><td>-1,583</td><td>-1,017</td><td>5,286</td><td>-3,584</td></tr><tr><td>Spain</td><td>7,041</td><td>-4,025</td><td>-1,806</td><td>695</td><td>-1,077</td><td>6,783</td><td>4,007</td><td>-1,839</td><td>50</td><td>-1,340</td></tr><tr><td>Sweden</td><td>3,712</td><td>27,549</td><td>30,938</td><td>-25,235</td><td>26,846</td><td>-1,595</td><td>22,927</td><td>22,439</td><td>-30,247</td><td>21,823</td></tr><tr><td>Switzerland</td><td>1,775</td><td>-57</td><td>-1,234</td><td>-251</td><td>-233</td><td>-1,377</td><td>-931</td><td>-2,338</td><td>58,833</td><td>10,871</td></tr><tr><td>United Kingdom</td><td>-135,253</td><td>8,351</td><td>102,766</td><td>56,440</td><td>37,446</td><td>-135,374</td><td>-3,180</td><td>98,145</td><td>58,833</td><td>10,871</td></tr><tr><td>Yugoslavia</td><td>1,582</td><td>2,042</td><td>-1,944</td><td>-5</td><td>-3,653</td><td>1,499</td><td>2,052</td><td>-1,944</td><td>556</td><td>-3,651</td></tr><tr><td>Other Europe</td><td>815</td><td>-1,994</td><td>648</td><td>107</td><td>1,105</td><td>1,803</td><td>-1,123</td><td>73</td><td>596</td><td>1,901</td></tr><tr><td>Total Europe</td><td>-69,668</td><td>101,521</td><td>173,630</td><td>103,396</td><td>180,315</td><td>-68,140</td><td>83,397</td><td>165,964</td><td>102,361</td><td>145,961</td></tr><tr><td>Canada</td><td>-111,657</td><td>-76,692</td><td>-22,650</td><td>-61,413</td><td>-78,336</td><td>-56,064</td><td>-41,867</td><td>16,529</td><td>-130,179</td><td>-111,909</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>11,087</td><td>71</td><td>9,250</td><td>-1,404</td><td>3,563</td><td>11,100</td><td>-21</td><td>9,208</td><td>-1,590</td><td>3,572</td></tr><tr><td>Bolivia</td><td>-3,038</td><td>-2,721</td><td>-1,777</td><td>7,033</td><td>3,459</td><td>-3,043</td><td>-2,713</td><td>-1,798</td><td>7,069</td><td>3,398</td></tr><tr><td>Brazil</td><td>-17,975</td><td>1,676</td><td>-6,210</td><td>55,167</td><td>58,204</td><td>-18,573</td><td>4,909</td><td>-6,532</td><td>54,582</td><td>56,213</td></tr><tr><td>Chile</td><td>10,249</td><td>12,940</td><td>12,370</td><td>4,729</td><td>-2,247</td><td>10,712</td><td>4,184</td><td>12,658</td><td>4,450</td><td>-2,556</td></tr><tr><td>Colombia</td><td>18,987</td><td>4,438</td><td>-1,050</td><td>-3,377</td><td>-8,006</td><td>12,809</td><td>-3,624</td><td>360</td><td>-4,202</td><td>-8,086</td></tr><tr><td>Cuba</td><td>-1,117</td><td>45,968</td><td>89,039</td><td>24,334</td><td>9,444</td><td>-1,819</td><td>45,912</td><td>28,484</td><td>23,061</td><td>8,884</td></tr><tr><td>Dominican Republic</td><td>-786</td><td>130</td><td>1,316</td><td>-220</td><td>-701</td><td>100</td><td>1,098</td><td>1,317</td><td>-203</td><td>-680</td></tr><tr><td>Guatemala</td><td>8,639</td><td>4,403</td><td>3,431</td><td>3,377</td><td>-2,005</td><td>8,331</td><td>4,012</td><td>3,185</td><td>3,450</td><td>-2,060</td></tr><tr><td>Haiti</td><td>-25,974</td><td>-339</td><td>-4,190</td><td>-14,047</td><td>-19,192</td><td>-26,359</td><td>-290</td><td>-5,250</td><td>-14,013</td><td>-19,360</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>585</td><td>-316</td><td>-4,108</td><td>1,406</td><td>3,118</td><td>649</td><td>-666</td><td>-4,198</td><td>788</td><td>2,898</td></tr><tr><td>Peru</td><td>-1,051</td><td>8,302</td><td>-1,061</td><td>-3,150</td><td>369</td><td>-1,135</td><td>8,077</td><td>-1,437</td><td>-2,588</td><td>343</td></tr><tr><td>Republic of Panama</td><td>3,502</td><td>1,858</td><td>-1,061</td><td>4,710</td><td>2,373</td><td>3,364</td><td>1,474</td><td>-1,842</td><td>5,290</td><td>1,368</td></tr><tr><td>El Salvador</td><td>5,782</td><td>12,561</td><td>-1,659</td><td>-1,790</td><td>-4,762</td><td>5,749</td><td>12,533</td><td>-6,658</td><td>-1,810</td><td>-4,771</td></tr><tr><td>Uruguay</td><td>5,637</td><td>1,250</td><td>1,391</td><td>3,371</td><td>2,381</td><td>7,021</td><td>1,680</td><td>2,333</td><td>4,153</td><td>1,061</td></tr><tr><td>Venezuela</td><td>-20,604</td><td>11,284</td><td>89,014</td><td>39,802</td><td>-29,461</td><td>-19,104</td><td>10,664</td><td>28,608</td><td>41,358</td><td>-30,098</td></tr><tr><td>Other Latin America</td><td>4,501</td><td>5,043</td><td>70</td><td>2,900</td><td>1,946</td><td>5,055</td><td>4,825</td><td>-390</td><td>1,802</td><td>1,891</td></tr><tr><td>Total Latin America</td><td>-10,385</td><td>87,673</td><td>63,621</td><td>110,327</td><td>17,839</td><td>-10,828</td><td>86,669</td><td>61,274</td><td>109,741</td><td>11,347</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>-116</td><td>-1,110</td><td>1,036</td><td>474</td><td>102</td><td>-142</td><td>-1,159</td><td>1,029</td><td>202</td><td>433</td></tr><tr><td>Formosa</td><td>-35</td><td>-449</td><td>2,197</td><td>598</td><td>-393</td><td>-691</td><td>421</td><td>943</td><td>292</td><td>-251</td></tr><tr><td>Bangkok</td><td>-577</td><td>-402</td><td>-2,140</td><td>5,941</td><td>-3,189</td><td>-1,050</td><td>337</td><td>-1,945</td><td>5,879</td><td>-3,499</td></tr><tr><td>India</td><td>5,189</td><td>191</td><td>9,885</td><td>7,657</td><td>-4,555</td><td>5,187</td><td>316</td><td>9,149</td><td>7,640</td><td>-4,541</td></tr><tr><td>Indonesia</td><td>2,896</td><td>6,636</td><td>-2,924</td><td>-5,569</td><td>-20,690</td><td>2,867</td><td>6,626</td><td>-2,947</td><td>-5,601</td><td>-20,864</td></tr><tr><td>Iran</td><td>-2,292</td><td>2,208</td><td>-639</td><td>-1,321</td><td>479</td><td>-162</td><td>2,209</td><td>-579</td><td>-1,320</td><td>477</td></tr><tr><td>Israel</td><td>-5,187</td><td>-10,328</td><td>-3,754</td><td>-1,705</td><td>-8,501</td><td>-21,713</td><td>-7,443</td><td>-1,512</td><td>4,319</td><td>1,139</td></tr><tr><td>Japan</td><td>31,323</td><td>33,374</td><td>7,405</td><td>-3,102</td><td>8,501</td><td>37,606</td><td>35,963</td><td>-7,512</td><td>-3,932</td><td>8,236</td></tr><tr><td>Philippines</td><td>3,258</td><td>12,631</td><td>395</td><td>-1,215</td><td>-16,863</td><td>3,262</td><td>12,662</td><td>-1,061</td><td>-1,279</td><td>-16,899</td></tr><tr><td>Thailand</td><td>3,080</td><td>111</td><td>3,173</td><td>-1,876</td><td>4,715</td><td>3,293</td><td>3,497</td><td>3,181</td><td>-6,003</td><td>4,314</td></tr><tr><td>Turkey</td><td>1,888</td><td>2,770</td><td>782</td><td>5,817</td><td>-54</td><td>3,909</td><td>2,778</td><td>787</td><td>5,846</td><td>-80</td></tr><tr><td>Other Asia</td><td>-3,230</td><td>61,104</td><td>-15,091</td><td>-29,643</td><td>3,876</td><td>-3,494</td><td>61,243</td><td>-15,296</td><td>-29,528</td><td>3,861</td></tr><tr><td>Total Asia</td><td>46,212</td><td>105,442</td><td>-17,102</td><td>-23,364</td><td>-30,725</td><td>47,984</td><td>109,635</td><td>-13,431</td><td>-21,395</td><td>-28,317</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>4,336</td><td>2,282</td><td>2,558</td><td>8,904</td><td>1,286</td><td>4,099</td><td>1,873</td><td>2,453</td><td>8,900</td><td>958</td></tr><tr><td>Belgian Congo</td><td>5,033</td><td>6,513</td><td>-1,587</td><td>5,997</td><td>-4,131</td><td>8,269</td><td>6,455</td><td>-1,529</td><td>6,014</td><td>-4,150</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>-3,260</td><td>-1,219</td><td>121</td><td>232</td><td>1,590</td><td>-3,203</td><td>-1,478</td><td>108</td><td>153</td><td>1,531</td></tr><tr><td>Union of South Africa</td><td>-936</td><td>-5,295</td><td>2,683</td><td>-2,733</td><td>-501</td><td>2,080</td><td>-5,433</td><td>2,724</td><td>-2,680</td><td>1,041</td></tr><tr><td>Other</td><td>4,979</td><td>-1,615</td><td>-3,861</td><td>5,103</td><td>3,665</td><td>5,104</td><td>-1,973</td><td>-3,287</td><td>5,307</td><td>3,719</td></tr><tr><td>Total other countries</td><td>7,152</td><td>376</td><td>-147</td><td>17,505</td><td>1,907</td><td>10,109</td><td>-256</td><td>157</td><td>17,642</td><td>6,067</td></tr><tr><td>International</td><td>-1,861</td><td>-39,694</td><td>60,994</td><td>27,167</td><td>-4,048</td><td>-21,892</td><td>-40,347</td><td>96,414</td><td>22,440</td><td>-7,413</td></tr><tr><td>Grand total</td><td>-140,201</td><td>179,636</td><td>259,306</td><td>174,121</td><td>86,702</td><td>-98,811</td><td>197,031</td><td>286,804</td><td>100,667</td><td>15,736</td></tr></table>
p Preliminary
r Revised.
51
September 1955
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 1953</th><th colspan="5">Transactions in long-term securities, domestic and foreign 1953</th></tr><tr><th></th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June p</th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June 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>1</td><td>-17</td><td>-4</td><td>8</td><td>14</td><td>-194</td><td>9</td><td>45</td><td>-696</td><td>-1</td></tr><tr><td>Belgium</td><td>-321</td><td>413</td><td>-603</td><td>55</td><td>109</td><td>72</td><td>90</td><td>-431</td><td>-5</td><td>1,288</td></tr><tr><td>Greece</td><td>-19</td><td>-1</td><td>-3</td><td>-6</td><td>-5</td><td>-15</td><td>1,140</td><td>1,362</td><td>812</td><td>2,902</td></tr><tr><td>Denmark</td><td>-31</td><td>24</td><td>43</td><td>-73</td><td>22</td><td>358</td><td>4,589</td><td>1,801</td><td>436</td><td>527</td></tr><tr><td>Finland</td><td>1</td><td>-1,040</td><td>927</td><td>248</td><td>-206</td><td>-114</td><td>45</td><td>3</td><td>2</td><td>1</td></tr><tr><td>France</td><td>-119</td><td>-106</td><td>63</td><td>-22</td><td>-291</td><td>-15</td><td>-6</td><td>-75</td><td>23</td><td>-20</td></tr><tr><td>Germany</td><td>-7</td><td>-5</td><td>-13</td><td>-4</td><td>-3</td><td>-27</td><td>-6</td><td>-42</td><td>-1,180</td><td>-1,973</td></tr><tr><td>Greece</td><td>-195</td><td>75</td><td>-299</td><td>327</td><td>-201</td><td>103</td><td>-3,973</td><td>-5,746</td><td>-381</td><td>100</td></tr><tr><td>Italy</td><td>-516</td><td>862</td><td>333</td><td>-773</td><td>-401</td><td>201</td><td>946</td><td>274</td><td>334</td><td>100</td></tr><tr><td>Netherlands</td><td>23</td><td>16</td><td>-166</td><td>-143</td><td>-115</td><td>-6,707</td><td>566</td><td>-80</td><td>143</td><td>3</td></tr><tr><td>Norway</td><td>-2</td><td>-16</td><td>11</td><td>-57</td><td>51</td><td>36</td><td>209</td><td>-19</td><td>-50</td><td>21</td></tr><tr><td>Poland</td><td>-61</td><td>59</td><td>-1</td><td>2</td><td>1</td><td>32</td><td>-1,025</td><td>56</td><td>-41</td><td>25</td></tr><tr><td>Portugal</td><td>-9</td><td>45</td><td>-16</td><td>15</td><td>-44</td><td>289</td><td>-51</td><td>-512</td><td>647</td><td>237</td></tr><tr><td>Romania</td><td>-31</td><td>33</td><td>-5</td><td>-1</td><td>36</td><td>7,785</td><td>4,916</td><td>3,158</td><td>4,170</td><td>9,026</td></tr><tr><td>Spain</td><td>-2,439</td><td>-324</td><td>2,325</td><td>542</td><td>-3,473</td><td>2,661</td><td>12,927</td><td>2,485</td><td>-1,673</td><td>27,174</td></tr><tr><td>Sweden</td><td>-1,610</td><td>-1,366</td><td>2,116</td><td>-770</td><td>1</td><td>-1,067</td><td>-672</td><td>599</td><td>-662</td><td>-796</td></tr><tr><td>U.S.S.R.</td><td>72</td><td>-199</td><td>-116</td><td>-10</td><td>-10</td><td>3,212</td><td>19,441</td><td>3,058</td><td>1,564</td><td>39,212</td></tr><tr><td>United Kingdom</td><td>-4,734</td><td>-1,317</td><td>4,708</td><td>-589</td><td>-4,858</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Yugoslavia</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Europe</td><td>1,133</td><td>1,589</td><td>-4,388</td><td>830</td><td>6,760</td><td>-96,726</td><td>-36,413</td><td>-34,791</td><td>67,936</td><td>26,763</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>-20</td><td>10</td><td>-147</td><td>-88</td><td>-81</td><td>7</td><td>82</td><td>89</td><td>283</td><td>72</td></tr><tr><td>Bolivia</td><td>-15</td><td>-15</td><td>225</td><td>21</td><td>11</td><td>11</td><td>22</td><td>33</td><td>-35</td><td>76</td></tr><tr><td>Brazil</td><td>12</td><td>-100</td><td>-225</td><td>21</td><td>113</td><td>583</td><td>-131</td><td>77</td><td>299</td><td>1,978</td></tr><tr><td>Chile</td><td>167</td><td>-11</td><td>-19</td><td>-145</td><td>-138</td><td>11</td><td>201</td><td>109</td><td>181</td><td>177</td></tr><tr><td>Colombia</td><td>109</td><td>-768</td><td>-2,304</td><td>265</td><td>114</td><td>-7</td><td>-26</td><td>384</td><td>48</td><td>176</td></tr><tr><td>Cuba</td><td>-366</td><td>-203</td><td>254</td><td>562</td><td>-258</td><td>1,068</td><td>259</td><td>291</td><td>711</td><td>818</td></tr><tr><td>Dominican Republic</td><td>-1</td><td>69</td><td>-10</td><td>112</td><td>-27</td><td>-629</td><td>1,037</td><td>9</td><td>-169</td><td>6</td></tr><tr><td>Guatemala</td><td>-34</td><td>-18</td><td>-11</td><td>-31</td><td>-43</td><td>148</td><td>2</td><td>-37</td><td>113</td><td>98</td></tr><tr><td>Mexico</td><td>279</td><td>213</td><td>37</td><td>200</td><td>-337</td><td>105</td><td>128</td><td>823</td><td>-234</td><td>545</td></tr><tr><td>Peru</td><td>25</td><td>-58</td><td>4</td><td>-31</td><td>26</td><td>71</td><td>-2</td><td>86</td><td>647</td><td>194</td></tr><tr><td>Republic of Panama</td><td>115</td><td>-27</td><td>386</td><td>-376</td><td>-67</td><td>-61</td><td>322</td><td>-12</td><td>-186</td><td>113</td></tr><tr><td>El Salvador</td><td>-59</td><td>28</td><td>-24</td><td>-88</td><td>10</td><td>197</td><td>466</td><td>212</td><td>-502</td><td>995</td></tr><tr><td>Uruguay</td><td>534</td><td>-218</td><td>-785</td><td>-20</td><td>-1,057</td><td>-158</td><td>-438</td><td>144</td><td>-312</td><td>2,315</td></tr><tr><td>Venezuela</td><td>-1,531</td><td>-61</td><td>540</td><td>-1,592</td><td>-14</td><td>131</td><td>641</td><td>266</td><td>8</td><td>639</td></tr><tr><td>Other Latin America</td><td>-216</td><td>248</td><td>-225</td><td>507</td><td>25</td><td>-330</td><td>770</td><td>715</td><td>472</td><td>718</td></tr><tr><td>Total Latin America</td><td>-1,039</td><td>-1,092</td><td>-2,190</td><td>-560</td><td>-1,693</td><td>1,432</td><td>2,096</td><td>4,540</td><td>1,646</td><td>8,185</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>44</td><td>7</td><td>-1</td><td>16</td><td>-53</td><td>-18</td><td>2</td><td>8</td><td>256</td><td>22</td></tr><tr><td>Formosa</td><td>2</td><td>34</td><td>-17</td><td>16</td><td>79</td><td>-10</td><td>2</td><td>75</td><td>46</td><td>40</td></tr><tr><td>Hong Kong</td><td>285</td><td>-570</td><td>-178</td><td>-897</td><td>-180</td><td>-188</td><td>-169</td><td>-17</td><td>396</td><td>234</td></tr><tr><td>India</td><td>10</td><td>-17</td><td>-2</td><td>2</td><td>-27</td><td>-8</td><td>-108</td><td>138</td><td>15</td><td>13</td></tr><tr><td>Indonesia</td><td>3</td><td>-2</td><td>-1</td><td>-2</td><td>-3</td><td>26</td><td>12</td><td>7</td><td>34</td><td>-23</td></tr><tr><td>Iran</td><td>12</td><td>-2</td><td>-2</td><td>-3</td><td>-2</td><td>-3</td><td>-1</td><td>-51</td><td>2</td><td>-2,715</td></tr><tr><td>Iraq</td><td>144</td><td>-143</td><td>19</td><td>-20</td><td>3</td><td>117</td><td>509</td><td>-4,108</td><td>1,108</td><td>223</td></tr><tr><td>Japan</td><td>-</td><td>2</td><td>25</td><td>-20</td><td>-3</td><td>2,600</td><td>2,737</td><td>82</td><td>168</td><td>45</td></tr><tr><td>Philippines</td><td>-2</td><td>-34</td><td>51</td><td>51</td><td>-10</td><td>34</td><td>25</td><td>24</td><td>10</td><td>-63</td></tr><tr><td>Thailand</td><td>110</td><td>-29</td><td>94</td><td>10</td><td>-5</td><td>-353</td><td>92</td><td>16</td><td>322</td><td>16</td></tr><tr><td>Turkey</td><td>-6</td><td>1</td><td>1</td><td>-69</td><td>10</td><td>-15</td><td>-8</td><td>3</td><td>38</td><td>229</td></tr><tr><td>Other Asia</td><td>84</td><td>-225</td><td>119</td><td>142</td><td>-214</td><td>180</td><td>86</td><td>80</td><td>38</td><td>229</td></tr><tr><td>Total Asia</td><td>690</td><td>-977</td><td>68</td><td>-111</td><td>-350</td><td>-2,462</td><td>-2,216</td><td>-3,739</td><td>-1,958</td><td>-2,098</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>-10</td><td>-1</td><td>9</td><td>-7</td><td>9</td><td>247</td><td>410</td><td>98</td><td>11</td><td>221</td></tr><tr><td>Belgian Congo</td><td>1</td><td>58</td><td>-57</td><td>-1</td><td>2</td><td>3</td><td>-1</td><td>-16</td><td>11</td><td>41</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>-7</td><td>-53</td><td>60</td><td>3</td><td>-50</td><td>12</td><td>13</td><td>19</td><td>56</td><td>-4,409</td></tr><tr><td>Union of South Africa</td><td>-21</td><td>-6</td><td>-11</td><td>-52</td><td>-135</td><td>-2,993</td><td>-146</td><td>-75</td><td>-1</td><td>866</td></tr><tr><td>Other</td><td>-296</td><td>108</td><td>625</td><td>176</td><td>-320</td><td>731</td><td>250</td><td>-205</td><td>-175</td><td>-</td></tr><tr><td>Total other countries</td><td>-495</td><td>106</td><td>566</td><td>176</td><td>-441</td><td>-2,062</td><td>265</td><td>-870</td><td>-362</td><td>-3,719</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td></td><td>20,031</td><td>863</td><td>1,240</td><td>1,727</td><td>3,355</td></tr><tr><td>Grand total</td><td>-4,893</td><td>-1,691</td><td>-1,836</td><td>-194</td><td>-582</td><td>-16,383</td><td>-15,704</td><td>-27,269</td><td>73,53</td><td>11,748</td></tr></table>
p
Preliminary.
52
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">Claim on foreigners</th><th colspan="5">Liabilities to foreigners</th></tr><tr><th></th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June p</th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June 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>158</td><td>196</td><td>146</td><td>311</td><td>149</td><td>96,313</td><td>102,306</td><td>108,196</td><td>115,093</td><td>118,734</td></tr><tr><td>Belgium</td><td>15,869</td><td>14,758</td><td>14,120</td><td>12,365</td><td>11,557</td><td>131,188</td><td>130,796</td><td>133,984</td><td>128,974</td><td>127,176</td></tr><tr><td>Czechoslovakia</td><td>2</td><td>18</td><td>2</td><td>3</td><td>10</td><td>940</td><td>653</td><td>564</td><td>69,405</td><td>696</td></tr><tr><td>Denmark</td><td>1,315</td><td>5,065</td><td>3,602</td><td>1,948</td><td>1,303</td><td>60,597</td><td>62,312</td><td>70,030</td><td>29,716</td><td>73,047</td></tr><tr><td>Finland</td><td>4,421</td><td>5,123</td><td>4,138</td><td>2,932</td><td>3,837</td><td>28,591</td><td>26,134</td><td>26,871</td><td></td><td>34,380</td></tr><tr><td>France</td><td>8,798</td><td>8,282</td><td>8,776</td><td>9,472</td><td>7,883</td><td>253,463</td><td>259,094</td><td>233,866</td><td>255,007</td><td>308,400</td></tr><tr><td>Germany</td><td>27,342</td><td>27,151</td><td>30,414</td><td>30,420</td><td>30,310</td><td>592,152</td><td>585,650</td><td>583,828</td><td>641,513</td><td>680,355</td></tr><tr><td>Greece</td><td>140</td><td>320</td><td>128</td><td>179</td><td>129</td><td>33,793</td><td>27,132</td><td>51,956</td><td>66,519</td><td>70,651</td></tr><tr><td>Italy</td><td>20,121</td><td>25,348</td><td>25,646</td><td>25,338</td><td>24,805</td><td>286,627</td><td>304,935</td><td>312,063</td><td>312,612</td><td>310,619</td></tr><tr><td>Netherlands</td><td>6,231</td><td>6,948</td><td>5,862</td><td>9,066</td><td>5,060</td><td>221,056</td><td>230,655</td><td>231,319</td><td>244,083</td><td>267,764</td></tr><tr><td>Norway</td><td>1,671</td><td>1,437</td><td>1,435</td><td>1,289</td><td>1,116</td><td>116,338</td><td>113,869</td><td>116,337</td><td>113,150</td><td>109,077</td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>30</td><td>31</td><td>30</td><td>946</td><td>5,348</td><td>5,217</td><td>5,217</td><td>5,719</td></tr><tr><td>Portugal</td><td>588</td><td>532</td><td>537</td><td>525</td><td>468</td><td>94,292</td><td>94,892</td><td>95,137</td><td>97,753</td><td>97,159</td></tr><tr><td>Romania</td><td>5</td><td>5</td><td>7,531</td><td>6,703</td><td>6,945</td><td>2,661</td><td>17,618</td><td>18,303</td><td>22,114</td><td>12,013</td></tr><tr><td>Spain</td><td>5,725</td><td>5,969</td><td>7,531</td><td>6,703</td><td>6,945</td><td>18,999</td><td>17,618</td><td>18,303</td><td>22,114</td><td>12,013</td></tr><tr><td>Sweden</td><td>2,287</td><td>2,404</td><td>3,153</td><td>2,893</td><td>2,449</td><td>93,044</td><td>89,194</td><td>86,694</td><td>88,444</td><td>86,660</td></tr><tr><td>Switzerland</td><td>13,170</td><td>14,281</td><td>13,917</td><td>12,794</td><td>15,249</td><td>608,611</td><td>632,639</td><td>697,774</td><td>686,384</td><td>656,132</td></tr><tr><td>U.S. Republic</td><td>933</td><td>893</td><td>893</td><td>893</td><td>893</td><td>4,421</td><td>4,421</td><td>3,838</td><td>3,838</td><td>3,838</td></tr><tr><td>United Kingdom</td><td>33,424</td><td>35,809</td><td>23,417</td><td>27,267</td><td>28,138</td><td>754,350</td><td>754,255</td><td>837,108</td><td>900,041</td><td>911,183</td></tr><tr><td>Yugoslavia</td><td>3,880</td><td>1,482</td><td>3,705</td><td>4,458</td><td>2,287</td><td>9,630</td><td>9,334</td><td>9,833</td><td>10,766</td><td>7,984</td></tr><tr><td>Other Europe</td><td>6,278</td><td>6,427</td><td>6,699</td><td>7,270</td><td>6,426</td><td>45,321</td><td>44,337</td><td>44,638</td><td>45,327</td><td>46,976</td></tr><tr><td>Total Europe</td><td>126,738</td><td>161,495</td><td>138,445</td><td>135,443</td><td>151,718</td><td>3,397,776</td><td>3,405,930</td><td>3,642,744</td><td>3,748,103</td><td>3,990,339</td></tr><tr><td>Canada</td><td>51,778</td><td>61,277</td><td>60,613</td><td>57,396</td><td>57,180</td><td>1,387,472</td><td>1,349,104</td><td>1,364,969</td><td>1,231,573</td><td>1,119,448</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>7,205</td><td>7,061</td><td>7,736</td><td>10,232</td><td>9,016</td><td>142,644</td><td>142,479</td><td>158,362</td><td>153,299</td><td>155,615</td></tr><tr><td>Bolivia</td><td>10,709</td><td>13,364</td><td>14,637</td><td>15,373</td><td>10,191</td><td>20,152</td><td>20,095</td><td>19,570</td><td>27,371</td><td>25,591</td></tr><tr><td>Brazil</td><td>383,277</td><td>370,692</td><td>358,692</td><td>364,400</td><td>358,193</td><td>75,144</td><td>75,197</td><td>75,164</td><td>117,602</td><td>123,435</td></tr><tr><td>Chile</td><td>19,377</td><td>19,013</td><td>9,600</td><td>8,998</td><td>7,525</td><td>82,402</td><td>86,192</td><td>89,061</td><td>93,142</td><td>88,113</td></tr><tr><td>Columbia</td><td>36,808</td><td>37,792</td><td>38,920</td><td>39,813</td><td>47,656</td><td>126,519</td><td>123,879</td><td>125,367</td><td>122,055</td><td>121,602</td></tr><tr><td>Cuba</td><td>30,730</td><td>37,812</td><td>34,947</td><td>27,358</td><td>27,029</td><td>278,317</td><td>331,311</td><td>356,930</td><td>378,202</td><td>380,997</td></tr><tr><td>Dominican Republic</td><td>2,395</td><td>2,350</td><td>2,793</td><td>2,740</td><td>2,915</td><td>45,339</td><td>45,921</td><td>48,258</td><td>48,098</td><td>47,493</td></tr><tr><td>Oaxaca</td><td>4,872</td><td>4,371</td><td>4,547</td><td>3,123</td><td>3,167</td><td>41,213</td><td>45,624</td><td>49,095</td><td>47,202</td><td>45,186</td></tr><tr><td>Mexico</td><td>94,548</td><td>96,092</td><td>86,853</td><td>83,049</td><td>88,327</td><td>213,320</td><td>231,884</td><td>199,395</td><td>181,578</td><td>167,496</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>1,868</td><td>2,098</td><td>2,181</td><td>2,491</td><td>2,091</td><td>45,369</td><td>45,333</td><td>41,218</td><td>48,316</td><td>44,814</td></tr><tr><td>Peru</td><td>17,185</td><td>14,678</td><td>12,469</td><td>13,741</td><td>14,296</td><td>61,885</td><td>67,455</td><td>63,809</td><td>68,493</td><td>63,372</td></tr><tr><td>Republic of Panama</td><td>4,981</td><td>4,243</td><td>5,388</td><td>4,874</td><td>5,374</td><td>90,403</td><td>91,139</td><td>90,442</td><td>95,284</td><td>97,092</td></tr><tr><td>El Salvador</td><td>6,160</td><td>5,750</td><td>5,850</td><td>5,933</td><td>4,363</td><td>44,166</td><td>94,266</td><td>94,079</td><td>48,193</td><td>44,479</td></tr><tr><td>Uruguay</td><td>9,285</td><td>7,134</td><td>7,446</td><td>4,633</td><td>3,601</td><td>97,306</td><td>91,735</td><td>94,079</td><td>87,203</td><td>87,484</td></tr><tr><td>Venezuela</td><td>35,994</td><td>35,699</td><td>33,392</td><td>35,104</td><td>35,201</td><td>103,916</td><td>111,328</td><td>143,283</td><td>186,334</td><td>156,335</td></tr><tr><td>Other Latin America</td><td>14,105</td><td>14,831</td><td>14,499</td><td>13,972</td><td>13,870</td><td>133,608</td><td>138,599</td><td>137,797</td><td>139,122</td><td>140,867</td></tr><tr><td>Total Latin America</td><td>676,899</td><td>672,749</td><td>662,976</td><td>633,108</td><td>598,596</td><td>1,609,976</td><td>1,696,495</td><td>1,743,993</td><td>1,823,866</td><td>1,800,701</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>2,637</td><td>2,697</td><td>2,257</td><td>2,789</td><td>2,646</td><td>37,290</td><td>36,121</td><td>37,050</td><td>37,480</td><td>37,474</td></tr><tr><td>Turkey</td><td>1,179</td><td>1,213</td><td>5,672</td><td>5,571</td><td>5,443</td><td>35,641</td><td>34,336</td><td>35,039</td><td>34,635</td><td>33,769</td></tr><tr><td>Hong Kong</td><td>2,432</td><td>2,011</td><td>2,671</td><td>2,076</td><td>2,339</td><td>71,434</td><td>71,311</td><td>70,312</td><td>75,348</td><td>78,346</td></tr><tr><td>India</td><td>3,278</td><td>4,011</td><td>3,874</td><td>3,133</td><td>2,899</td><td>75,053</td><td>76,308</td><td>79,380</td><td>92,219</td><td>87,404</td></tr><tr><td>Indonesia</td><td>948</td><td>616</td><td>589</td><td>770</td><td>1,142</td><td>60,664</td><td>67,318</td><td>64,340</td><td>59,984</td><td>39,432</td></tr><tr><td>Iran</td><td>10,133</td><td>10,930</td><td>11,290</td><td>12,610</td><td>12,816</td><td>16,360</td><td>15,342</td><td>15,483</td><td>17,138</td><td>17,806</td></tr><tr><td>Israel</td><td>25,089</td><td>25,232</td><td>28,193</td><td>20,473</td><td>19,356</td><td>59,738</td><td>15,433</td><td>13,313</td><td>16,338</td><td>16,479</td></tr><tr><td>Japan</td><td>15,588</td><td>16,994</td><td>19,962</td><td>14,225</td><td>16,619</td><td>862,847</td><td>897,116</td><td>892,972</td><td>882,982</td><td>893,662</td></tr><tr><td>Malaysia</td><td>11,503</td><td>9,939</td><td>11,522</td><td>13,628</td><td>11,821</td><td>333,709</td><td>328,777</td><td>327,919</td><td>328,063</td><td>307,360</td></tr><tr><td>Thailand</td><td>3,035</td><td>6,111</td><td>4,386</td><td>4,338</td><td>5,315</td><td>190,450</td><td>198,999</td><td>198,797</td><td>190,083</td><td>197,509</td></tr><tr><td>Turkey</td><td>21,202</td><td>18,639</td><td>17,441</td><td>10,516</td><td>11,276</td><td>8,605</td><td>8,820</td><td>8,409</td><td>7,327</td><td>8,007</td></tr><tr><td>Other Asia</td><td>21,258</td><td>21,566</td><td>23,769</td><td>20,189</td><td>20,392</td><td>206,878</td><td>268,449</td><td>255,336</td><td>281,968</td><td>225,992</td></tr><tr><td>Total Asia</td><td>124,042</td><td>125,519</td><td>132,022</td><td>110,320</td><td>112,098</td><td>1,901,929</td><td>2,012,572</td><td>2,005,643</td><td>1,969,946</td><td>1,935,007</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>6,367</td><td>6,972</td><td>7,647</td><td>7,212</td><td>7,211</td><td>52,324</td><td>54,802</td><td>57,988</td><td>66,393</td><td>67,318</td></tr><tr><td>Bolgian Congo</td><td>6,584</td><td>6,538</td><td>7,069</td><td>6,698</td><td>6,504</td><td>119,467</td><td>125,876</td><td>124,878</td><td>130,521</td><td>126,592</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>303</td><td>283</td><td>870</td><td>974</td><td>335</td><td>55,068</td><td>53,370</td><td>54,065</td><td>54,322</td><td>55,214</td></tr><tr><td>Union of South Africa</td><td>2,133</td><td>2,670</td><td>2,804</td><td>2,804</td><td>2,872</td><td>38,094</td><td>33,158</td><td>36,006</td><td>33,326</td><td>37,435</td></tr><tr><td>Other</td><td>2,169</td><td>3,100</td><td>3,459</td><td>3,163</td><td>3,267</td><td>93,222</td><td>91,885</td><td>88,665</td><td>93,866</td><td>97,789</td></tr><tr><td>Total other countries</td><td>15,693</td><td>19,565</td><td>23,899</td><td>21,051</td><td>20,609</td><td>338,435</td><td>359,091</td><td>361,542</td><td>378,428</td><td>394,053</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td>1,039</td><td>1,745,160</td><td>1,704,631</td><td>1,763,027</td><td>1,783,467</td><td>1,777,093</td></tr><tr><td>Grand total</td><td>1,034,110</td><td>1,040,605</td><td>1,029,915</td><td>977,318</td><td>941,240</td><td>10,400,278</td><td>10,603,804</td><td>10,879,918</td><td>10,927,983</td><td>10,907,641</td></tr></table>
P Preliminary.
53
September 1955
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">Debit balances (due from foreigners)</th><th colspan="5">Credit balances (due to foreigners)</th></tr><tr><th></th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June p</th><th>February</th><th>March</th><th>April</th><th>May p</th><th>June 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><td></td></tr><tr><td>Austria</td><td>14</td><td>15</td><td>15</td><td>17</td><td>14</td><td>28</td><td>12</td><td>8</td><td>18</td><td>29</td></tr><tr><td>Belgium</td><td>262</td><td>250</td><td>237</td><td>145</td><td>109</td><td>2,758</td><td>3,109</td><td>2,543</td><td>2,506</td><td>2,099</td></tr><tr><td>Czechoslovakia</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>Denmark</td><td>340</td><td>299</td><td>233</td><td>136</td><td>343</td><td>162</td><td>145</td><td>122</td><td>142</td><td>181</td></tr><tr><td>Finland</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>France</td><td>1,991</td><td>3,082</td><td>2,675</td><td>2,245</td><td>2,411</td><td>2,967</td><td>2,978</td><td>3,538</td><td>3,357</td><td>3,016</td></tr><tr><td>Germany</td><td>346</td><td>296</td><td>225</td><td>232</td><td>479</td><td>52</td><td>272</td><td>100</td><td>85</td><td>81</td></tr><tr><td>Greece</td><td>4</td><td>3</td><td>6</td><td>12</td><td>10</td><td>36</td><td>30</td><td>20</td><td>22</td><td>17</td></tr><tr><td>Italy</td><td>286</td><td>291</td><td>297</td><td>210</td><td>231</td><td>82</td><td>972</td><td>688</td><td>924</td><td>651</td></tr><tr><td>Netherlands</td><td>223</td><td>299</td><td>399</td><td>345</td><td>428</td><td>4,805</td><td>6,123</td><td>6,296</td><td>5,429</td><td>5,111</td></tr><tr><td>Norway</td><td>230</td><td>234</td><td>285</td><td>364</td><td>345</td><td>665</td><td>645</td><td>530</td><td>466</td><td>332</td></tr><tr><td>Poland</td><td>71</td><td>91</td><td>58</td><td>57</td><td>55</td><td>188</td><td>267</td><td>245</td><td>187</td><td>236</td></tr><tr><td>Portugal</td><td>2</td><td>2</td><td>2</td><td>1</td><td>1</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Romania</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>Spain</td><td>265</td><td>207</td><td>270</td><td>281</td><td>299</td><td>296</td><td>282</td><td>298</td><td>247</td><td>291</td></tr><tr><td>Sweden</td><td>90</td><td>55</td><td>55</td><td>80</td><td>80</td><td>244</td><td>242</td><td>262</td><td>247</td><td>291</td></tr><tr><td>U.S.S.R.</td><td>5,994</td><td>6,473</td><td>6,343</td><td>6,270</td><td>6,937</td><td>22,248</td><td>22,403</td><td>24,608</td><td>25,077</td><td>22,271</td></tr><tr><td>U.S. S.R.</td><td>3,699</td><td>5,685</td><td>2,971</td><td>3,738</td><td>3,770</td><td>4,771</td><td>5,376</td><td>4,837</td><td>4,834</td><td>4,867</td></tr><tr><td>Yugoslavia</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>45</td><td>80</td><td>101</td><td>76</td><td>57</td><td>1,275</td><td>1,111</td><td>1,114</td><td>1,205</td><td>1,176</td></tr><tr><td>Total Europe</td><td>13,818</td><td>17,632</td><td>14,209</td><td>14,385</td><td>15,606</td><td>41,417</td><td>43,914</td><td>45,195</td><td>44,846</td><td>41,209</td></tr><tr><td>Canada</td><td>7,400</td><td>6,167</td><td>7,186</td><td>6,669</td><td>6,378</td><td>10,415</td><td>10,771</td><td>7,402</td><td>7,715</td><td>14,184</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>333</td><td>302</td><td>296</td><td>303</td><td>311</td><td>1,698</td><td>1,677</td><td>1,264</td><td>1,443</td><td>1,370</td></tr><tr><td>Colombia</td><td>3</td><td>4</td><td>11</td><td>16</td><td>13</td><td>64</td><td>50</td><td>39</td><td>43</td><td>51</td></tr><tr><td>Brazil</td><td>1,061</td><td>1,295</td><td>1,140</td><td>1,149</td><td>1,139</td><td>1,135</td><td>1,276</td><td>1,276</td><td>1,147</td><td>1,473</td></tr><tr><td>Chile</td><td>230</td><td>250</td><td>230</td><td>242</td><td>366</td><td>886</td><td>963</td><td>896</td><td>753</td><td>709</td></tr><tr><td>Colombia</td><td>106</td><td>90</td><td>89</td><td>82</td><td>94</td><td>3,274</td><td>3,470</td><td>85</td><td>363</td><td>499</td></tr><tr><td>Cuba</td><td>6,257</td><td>6,357</td><td>5,938</td><td>5,855</td><td>5,944</td><td>2,340</td><td>2,237</td><td>2,076</td><td>2,261</td><td>2,423</td></tr><tr><td>Dominican Republic</td><td>3</td><td>2</td><td>123</td><td>10</td><td>10</td><td>94</td><td>128</td><td>63</td><td>332</td><td>205</td></tr><tr><td>Guatemala</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>271</td><td>233</td><td>242</td><td>211</td><td>187</td></tr><tr><td>Mexico</td><td>2,500</td><td>2,491</td><td>2,751</td><td>2,623</td><td>2,448</td><td>2,249</td><td>2,733</td><td>3,050</td><td>3,124</td><td>2,610</td></tr><tr><td>Other 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>Peru</td><td>30</td><td>42</td><td>32</td><td>65</td><td>53</td><td>233</td><td>177</td><td>172</td><td>173</td><td>187</td></tr><tr><td>Paraguay of Panama</td><td>308</td><td>346</td><td>142</td><td>364</td><td>368</td><td>292</td><td>233</td><td>415</td><td>261</td><td>198</td></tr><tr><td>Uruguay</td><td>324</td><td>398</td><td>331</td><td>270</td><td>235</td><td>2,066</td><td>2,022</td><td>1,998</td><td>1,861</td><td>1,882</td></tr><tr><td>El Salvador</td><td>890</td><td>781</td><td>713</td><td>781</td><td>891</td><td>7,011</td><td>6,604</td><td>5,811</td><td>5,879</td><td>4,938</td></tr><tr><td>Venezuela</td><td>1,741</td><td>2,011</td><td>1,949</td><td>2,020</td><td>1,921</td><td>3,424</td><td>3,624</td><td>4,023</td><td>3,540</td><td>2,510</td></tr><tr><td>Other Latin America</td><td>991</td><td>904</td><td>1,105</td><td>446</td><td>357</td><td>459</td><td>620</td><td>563</td><td>534</td><td></td></tr><tr><td>Total Latin America</td><td>14,800</td><td>15,313</td><td>14,951</td><td>14,128</td><td>14,180</td><td>25,760</td><td>25,181</td><td>22,569</td><td>21,242</td><td>19,605</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>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>63</td><td>70</td><td>69</td><td>85</td><td>70</td></tr><tr><td>Formosa</td><td>33</td><td>2</td><td>55</td><td>43</td><td>3</td><td>4</td><td>7</td><td>3</td><td>7</td><td>46</td></tr><tr><td>Hong Kong</td><td>735</td><td>978</td><td>781</td><td>864</td><td>866</td><td>2,312</td><td>2,185</td><td>1,812</td><td>1,606</td><td>1,488</td></tr><tr><td>India</td><td>35</td><td>49</td><td>44</td><td>43</td><td>50</td><td>92</td><td>89</td><td>82</td><td>83</td><td>65</td></tr><tr><td>Indonesia</td><td>17</td><td>17</td><td>17</td><td>18</td><td>22</td><td>9</td><td>7</td><td>6</td><td>5</td><td>6</td></tr><tr><td>Iran</td><td>1</td><td>4</td><td>4</td><td>3</td><td>6</td><td>6</td><td>5</td><td>7</td><td>3</td><td>4</td></tr><tr><td>Israel</td><td>8</td><td>6</td><td>6</td><td>8</td><td>2</td><td>172</td><td>21</td><td>21</td><td>29</td><td>47</td></tr><tr><td>Japan</td><td>36</td><td>68</td><td>15</td><td>23</td><td>36</td><td>21</td><td>21</td><td>26</td><td>84</td><td>87</td></tr><tr><td>Philippines</td><td></td><td>40</td><td>150</td><td>8</td><td>8</td><td>29</td><td>25</td><td>229</td><td>97</td><td>90</td></tr><tr><td>Thailand</td><td>6</td><td>1</td><td>128</td><td>128</td><td>128</td><td>18</td><td>18</td><td>18</td><td>19</td><td>5</td></tr><tr><td>Turkey</td><td>110</td><td>214</td><td>82</td><td>124</td><td>104</td><td>101</td><td>580</td><td>567</td><td>731</td><td>277</td></tr><tr><td>Other Asia</td><td>982</td><td>1,375</td><td>1,157</td><td>1,157</td><td>1,208</td><td>3,680</td><td>3,096</td><td>2,946</td><td>2,835</td><td>2,536</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><td></td></tr><tr><td>Other countries:</td><td>15</td><td>14</td><td>15</td><td>19</td><td>7</td><td>27</td><td>25</td><td>35</td><td>32</td><td>23</td></tr><tr><td>Australia</td><td></td><td></td><td></td><td></td><td></td><td></td><td>61</td><td>4</td><td>3</td><td>3</td></tr><tr><td>Belgium Congo</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>87</td><td>34</td><td>34</td><td>94</td><td>97</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>12</td><td>20</td><td>18</td><td>9</td><td>8</td><td>422</td><td>424</td><td>411</td><td>130</td><td>214</td></tr><tr><td>Union of South Africa</td><td>411</td><td>495</td><td>209</td><td>167</td><td>244</td><td>1,400</td><td>1,392</td><td>1,721</td><td>1,345</td><td>1,659</td></tr><tr><td>Other countries</td><td>443</td><td>534</td><td>247</td><td>200</td><td>204</td><td>1,739</td><td>1,936</td><td>2,215</td><td>2,344</td><td>1,967</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><td></td></tr><tr><td>Grand total</td><td>37,443</td><td>41,021</td><td>37,646</td><td>36,535</td><td>37,636</td><td>83,011</td><td>84,898</td><td>80,287</td><td>78,982</td><td>79,501</td></tr></table>
p Preliminary.
54
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Details for Month of April 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 claim</th><th colspan="3">Short-term claim payable in dollars</th><th colspan="3">Short-term claim 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 in 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>146</td><td>146</td><td>132</td><td>14</td><td>0</td><td>312</td><td>213</td><td>1</td><td>92</td></tr><tr><td>Belgium</td><td>1,150</td><td>13,308</td><td>779</td><td>3,973</td><td>8,778</td><td>312</td><td>77</td><td>14</td><td>0</td></tr><tr><td>Czechoslovakia</td><td>4</td><td>4</td><td>4</td><td>0</td><td>0</td><td>1</td><td>1</td><td>0</td><td>0</td></tr><tr><td>Denmark</td><td>3,608</td><td>3,511</td><td>28</td><td>330</td><td>3,163</td><td>91</td><td>77</td><td>14</td><td>0</td></tr><tr><td>Finland</td><td>1,138</td><td>1,137</td><td>1</td><td>37</td><td>3,703</td><td>1</td><td>1</td><td>0</td><td>0</td></tr><tr><td>France</td><td>8,775</td><td>6,721</td><td>1,486</td><td>2,222</td><td>1,943</td><td>2,070</td><td>713</td><td>12</td><td>1,354</td></tr><tr><td>Germany</td><td>30,164</td><td>27,720</td><td>14,164</td><td>8,960</td><td>6,581</td><td>2,444</td><td>2,443</td><td>0</td><td>0</td></tr><tr><td>Greece</td><td>128</td><td>128</td><td>18</td><td>17</td><td>73</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Italy</td><td>25,045</td><td>24,933</td><td>3,128</td><td>9,785</td><td>2,631</td><td>711</td><td>89</td><td>572</td><td>50</td></tr><tr><td>Netherlands</td><td>5,856</td><td>5,305</td><td>440</td><td>669</td><td>1,515</td><td>256</td><td>554</td><td>2</td><td>0</td></tr><tr><td>Norway</td><td>1,135</td><td>1,048</td><td>16</td><td>68</td><td>340</td><td>87</td><td>87</td><td>0</td><td>0</td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>0</td><td>30</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Portugal</td><td>497</td><td>30</td><td>30</td><td>17</td><td>353</td><td>57</td><td>57</td><td>0</td><td>0</td></tr><tr><td>Romania</td><td>5</td><td>5</td><td>0</td><td>5</td><td>0</td><td>3</td><td>3</td><td>0</td><td>0</td></tr><tr><td>Spain</td><td>7,733</td><td>7,381</td><td>759</td><td>170</td><td>694</td><td>5,758</td><td>150</td><td>2</td><td>0</td></tr><tr><td>Sweden</td><td>3,253</td><td>2,638</td><td>120</td><td>210</td><td>1,441</td><td>917</td><td>463</td><td>2</td><td>0</td></tr><tr><td>Switzerland</td><td>23,937</td><td>9,510</td><td>693</td><td>6,469</td><td>1,545</td><td>803</td><td>4,368</td><td>22</td><td>37</td></tr><tr><td>U.S.S.R.</td><td>23,417</td><td>6,303</td><td>1,315</td><td>2,098</td><td>2,457</td><td>453</td><td>16,095</td><td>850</td><td>141</td></tr><tr><td>United Kingdom</td><td>3,505</td><td>3,503</td><td>8,941</td><td>9</td><td>553</td><td>2</td><td>2</td><td>0</td><td>0</td></tr><tr><td>Yugoslavia</td><td>6,699</td><td>6,276</td><td>683</td><td>4,769</td><td>761</td><td>363</td><td>107</td><td>6</td><td>0</td></tr><tr><td>Other Europe</td><td>132,445</td><td>123,973</td><td>26,811</td><td>30,865</td><td>21,942</td><td>44,294</td><td>25,772</td><td>25,434</td><td>1,644</td></tr><tr><td>Canada</td><td>60,613</td><td>26,692</td><td>1,458</td><td>10,031</td><td>5,075</td><td>10,188</td><td>33,921</td><td>29,440</td><td>1,097</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>7,736</td><td>7,638</td><td>504</td><td>1,390</td><td>5,790</td><td>22</td><td>42</td><td>6</td><td>4</td></tr><tr><td>Bolivia</td><td>14,637</td><td>18,625</td><td>11,757</td><td>46</td><td>8,882</td><td>12</td><td>222</td><td>12</td><td>0</td></tr><tr><td>Brazil</td><td>328,759</td><td>331,705</td><td>31,918</td><td>28,709</td><td>28,328</td><td>945</td><td>682</td><td>68</td><td>39</td></tr><tr><td>Chile</td><td>9,600</td><td>9,583</td><td>1,018</td><td>1,935</td><td>5,091</td><td>1,237</td><td>17</td><td>0</td><td>0</td></tr><tr><td>Colombia</td><td>38,280</td><td>38,746</td><td>7,151</td><td>4,286</td><td>15,799</td><td>11,310</td><td>17</td><td>17</td><td>17</td></tr><tr><td>Cuba</td><td>34,947</td><td>34,678</td><td>5,059</td><td>11,207</td><td>9,360</td><td>8,752</td><td>269</td><td>52</td><td>0</td></tr><tr><td>Ecuador Republic</td><td>2,773</td><td>2,773</td><td>0</td><td>2,773</td><td>1,692</td><td>2</td><td>2</td><td>0</td><td>0</td></tr><tr><td>Guatemala</td><td>1,947</td><td>1,946</td><td>1,416</td><td>105</td><td>2,610</td><td>114</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Mexico</td><td>86,851</td><td>86,558</td><td>89,194</td><td>15,165</td><td>8,612</td><td>31,507</td><td>2,895</td><td>1,011</td><td>194</td></tr><tr><td>Netherlands West Indies and Suriname</td><td>2,183</td><td>1,755</td><td>0</td><td>209</td><td>1,556</td><td>416</td><td>409</td><td>7</td><td>1,090</td></tr><tr><td>Peru</td><td>12,469</td><td>12,332</td><td>685</td><td>349</td><td>8,564</td><td>2,754</td><td>117</td><td>70</td><td>47</td></tr><tr><td>Republic of Panama</td><td>5,388</td><td>5,387</td><td>101</td><td>2,900</td><td>1,442</td><td>941</td><td>1</td><td>1</td><td>0</td></tr><tr><td>El Salvador</td><td>4,955</td><td>4,955</td><td>62</td><td>1,936</td><td>2,115</td><td>2,394</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Uruguay</td><td>7,444</td><td>6,973</td><td>4,254</td><td>914</td><td>1,391</td><td>814</td><td>463</td><td>10</td><td>10</td></tr><tr><td>Venezuela</td><td>33,396</td><td>32,565</td><td>1,565</td><td>7,839</td><td>19,053</td><td>4,692</td><td>361</td><td>18</td><td>144</td></tr><tr><td>Other Latin America</td><td>23,459</td><td>23,459</td><td>367</td><td>1,266</td><td>12,435</td><td>497</td><td>15</td><td>19</td><td>19</td></tr><tr><td>Total Latin America</td><td>666,976</td><td>697,347</td><td>87,080</td><td>74,515</td><td>380,864</td><td>114,888</td><td>5,529</td><td>2,965</td><td>1,604</td></tr><tr><td>Asia:</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>2,577</td><td>2,573</td><td>2,528</td><td>0</td><td>18</td><td>7</td><td>1</td><td>0</td><td>0</td></tr><tr><td>Formosa</td><td>6,272</td><td>6,272</td><td>5,724</td><td>540</td><td>13</td><td>5</td><td>1</td><td>0</td><td>0</td></tr><tr><td>Hong Kong</td><td>2,671</td><td>2,667</td><td>440</td><td>384</td><td>1,884</td><td>39</td><td>48</td><td>0</td><td>0</td></tr><tr><td>India</td><td>3,874</td><td>3,874</td><td>631</td><td>1</td><td>2,879</td><td>71</td><td>286</td><td>6</td><td>0</td></tr><tr><td>Indonesia</td><td>589</td><td>589</td><td>0</td><td>0</td><td>589</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Iran</td><td>11,650</td><td>11,640</td><td>30</td><td>0</td><td>11,610</td><td>10</td><td>1</td><td>10</td><td>0</td></tr><tr><td>Iraq</td><td>28,193</td><td>28,190</td><td>9,741</td><td>1,094</td><td>8,931</td><td>10,426</td><td>1</td><td>1</td><td>0</td></tr><tr><td>Japan</td><td>23,965</td><td>23,953</td><td>10,740</td><td>3,072</td><td>5,930</td><td>231</td><td>9</td><td>1</td><td>0</td></tr><tr><td>Philippines</td><td>13,200</td><td>13,149</td><td>10,239</td><td>547</td><td>3,063</td><td>53</td><td>30</td><td>23</td><td>0</td></tr><tr><td>Thailand</td><td>8,366</td><td>8,359</td><td>3,300</td><td>2</td><td>1,237</td><td>7</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Turkey</td><td>17,441</td><td>17,436</td><td>16,779</td><td>64</td><td>593</td><td>5</td><td>5</td><td>0</td><td>0</td></tr><tr><td>Other Asia</td><td>83,769</td><td>83,667</td><td>19,680</td><td>974</td><td>3,013</td><td>102</td><td>101</td><td>1</td><td>0</td></tr><tr><td>Total Asia</td><td>138,082</td><td>131,495</td><td>80,132</td><td>6,618</td><td>33,966</td><td>10,779</td><td>287</td><td>479</td><td>48</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>7,647</td><td>6,232</td><td>338</td><td>38</td><td>2,917</td><td>2,893</td><td>1,415</td><td>705</td><td>230</td></tr><tr><td>Belgian Congo</td><td>7,069</td><td>7,068</td><td>181</td><td>126</td><td>5,837</td><td>964</td><td>1</td><td>1</td><td>0</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>870</td><td>945</td><td>42</td><td>607</td><td>179</td><td>17</td><td>84</td><td>1</td><td>1</td></tr><tr><td>Union of South Africa</td><td>2,804</td><td>2,961</td><td>0</td><td>53</td><td>2,324</td><td>124</td><td>283</td><td>7</td><td>7</td></tr><tr><td>Other</td><td>3,469</td><td>3,308</td><td>784</td><td>204</td><td>2,288</td><td>96</td><td>161</td><td>97</td><td>10</td></tr><tr><td>Total other countries</td><td>21,899</td><td>20,014</td><td>1,331</td><td>1,028</td><td>13,571</td><td>4,088</td><td>1,945</td><td>1,063</td><td>490</td></tr><tr><td>International</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>2,099,915</td><td>999,421</td><td>106,812</td><td>123,018</td><td>455,418</td><td>188,173</td><td>70,494</td><td>59,381</td><td>3,951</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>7,162</td></tr></table>
55
September 1955
CAPITAL MOVEMENTS
Section III - Details for Month of April 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>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></tr><tr><td>Austria</td><td>108,156</td><td>106,861</td><td>59,208</td><td>3,200</td><td>44,453</td><td>1,294</td><td>3,416</td><td>7,143</td><td>478</td><td>471</td><td>7</td></tr><tr><td>Belgium</td><td>133,884</td><td>74,057</td><td>39,818</td><td>2,837</td><td>38,002</td><td>48,520</td><td>3,416</td><td>7,143</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Czechoslovakia</td><td>954</td><td>121</td><td>166</td><td>25</td><td>372</td><td>372</td><td>372</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Denmark</td><td>70,030</td><td>61,541</td><td>16,009</td><td>44,700</td><td>729</td><td>8,183</td><td>898</td><td>196</td><td>6</td><td>6</td><td>1</td></tr><tr><td>Finland</td><td>26,871</td><td>23,787</td><td>19,434</td><td>4,335</td><td>3,084</td><td>3,084</td><td>3,084</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>France</td><td>233,866</td><td>170,486</td><td>150,357</td><td>8,712</td><td>11,417</td><td>53,705</td><td>4,390</td><td>2,742</td><td>1,943</td><td>1,987</td><td>16</td></tr><tr><td>Germany</td><td>686,824</td><td>623,969</td><td>972,492</td><td>309,017</td><td>46,017</td><td>8,802</td><td>8,766</td><td>35</td><td>21</td><td>20</td><td>25</td></tr><tr><td>Greece</td><td>61,956</td><td>52,338</td><td>22,128</td><td>30,000</td><td>270</td><td>9,256</td><td>2,850</td><td>153</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Italy</td><td>312,063</td><td>850,805</td><td>118,943</td><td>139,616</td><td>28,246</td><td>30,879</td><td>80,910</td><td>9,711</td><td>258</td><td>379</td><td>3</td></tr><tr><td>Netherlands</td><td>802,139</td><td>800,152</td><td>71,776</td><td>52,157</td><td>6,721</td><td>28,404</td><td>21,628</td><td>2,316</td><td>315</td><td>315</td><td>8</td></tr><tr><td>Norway</td><td>116,977</td><td>90,515</td><td>27,410</td><td>56,554</td><td>6,551</td><td>26,041</td><td>89,659</td><td>1,883</td><td>1,499</td><td>1</td><td>1</td></tr><tr><td>Poland</td><td>2,071</td><td>1,245</td><td>1,242</td><td>1</td><td>3</td><td>826</td><td>524</td><td>1</td><td>2</td><td>6</td><td>9</td></tr><tr><td>Portugal</td><td>55,337</td><td>36,615</td><td>36,109</td><td>48</td><td>378</td><td>18,516</td><td>18,473</td><td>43</td><td>6</td><td>6</td><td>9</td></tr><tr><td>Spain</td><td>3,813</td><td>4,813</td><td>4,410</td><td>1</td><td>378</td><td>1,394</td><td>1,394</td><td>114</td><td>6</td><td>6</td><td>9</td></tr><tr><td>Sweden</td><td>18,203</td><td>9,136</td><td>8,907</td><td>229</td><td>9,064</td><td>9,941</td><td>117</td><td>6</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Switzerland</td><td>68,654</td><td>81,099</td><td>39,244</td><td>22,125</td><td>19,730</td><td>7,492</td><td>1,035</td><td>455</td><td>2</td><td>63</td><td>1</td></tr><tr><td>Sweden</td><td>657,774</td><td>582,377</td><td>278,834</td><td>118,568</td><td>130,915</td><td>131,767</td><td>95,636</td><td>5,233</td><td>89,982</td><td>3,630</td><td>68</td></tr><tr><td>United Kingdom</td><td>1,599</td><td>1,320</td><td>1,307</td><td>1</td><td>1,320</td><td>279</td><td>279</td><td>2</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Yugoslavia</td><td>87,108</td><td>543,179</td><td>266,094</td><td>267,547</td><td>9,538</td><td>264,211</td><td>128,390</td><td>111,280</td><td>541</td><td>89,918</td><td>130</td></tr><tr><td>Other Europe</td><td>9,513</td><td>9,176</td><td>7,433</td><td>1,743</td><td>1,743</td><td>537</td><td>637</td><td>550</td><td>5</td><td>41</td><td>1</td></tr><tr><td>Total Europe</td><td>3,682,744</td><td>2,933,585</td><td>1,460,699</td><td>1,133,595</td><td>339,291</td><td>672,307</td><td>436,178</td><td>142,534</td><td>43,599</td><td>36,892</td><td>36,590</td></tr><tr><td>Canada</td><td>1,354,959</td><td>1,097,831</td><td>315,823</td><td>766,043</td><td>15,985</td><td>268,907</td><td>187,679</td><td>74,444</td><td>784</td><td>1,811</td><td>3,866</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>128,362</td><td>113,311</td><td>110,784</td><td>349</td><td>8,178</td><td>39,006</td><td>38,875</td><td>120</td><td>11</td><td>15</td><td>30</td></tr><tr><td>Bolivia</td><td>19,570</td><td>8,731</td><td>8,469</td><td>262</td><td>10,093</td><td>10,809</td><td>13</td><td>17</td><td>32</td><td>21</td><td>11</td></tr><tr><td>Chile</td><td>81,184</td><td>44,184</td><td>33,782</td><td>10,093</td><td>37,150</td><td>37,150</td><td>37,150</td><td>205</td><td>30</td><td>10</td><td>1</td></tr><tr><td>Colombia</td><td>125,367</td><td>93,053</td><td>92,556</td><td>497</td><td>38,305</td><td>31,872</td><td>423</td><td>10</td><td>9</td><td>5</td><td>1</td></tr><tr><td>Cuba</td><td>329,390</td><td>291,559</td><td>111,770</td><td>172,500</td><td>7,319</td><td>55,641</td><td>64,381</td><td>33,481</td><td>381</td><td>21</td><td>1</td></tr><tr><td>Guatemala</td><td>19,258</td><td>29,738</td><td>12,424</td><td>13,600</td><td>3,419</td><td>18,280</td><td>18,897</td><td>148</td><td>3,375</td><td>1</td><td>1</td></tr><tr><td>Mexico</td><td>49,085</td><td>29,443</td><td>12,424</td><td>13,600</td><td>3,419</td><td>19,542</td><td>19,151</td><td>280</td><td>271</td><td>40</td><td>223</td></tr><tr><td>Peru and Surinam</td><td>199,395</td><td>119,123</td><td>116,796</td><td>2,327</td><td>80,009</td><td>73,861</td><td>6,079</td><td>49</td><td>863</td><td>40</td><td>223</td></tr><tr><td>Peru</td><td>63,809</td><td>24,533</td><td>24,307</td><td>226</td><td>39,272</td><td>35,259</td><td>147</td><td>3,865</td><td>5</td><td>5</td><td>1</td></tr><tr><td>Republic of Panama</td><td>90,442</td><td>39,557</td><td>39,400</td><td>297</td><td>50,738</td><td>35,754</td><td>9,170</td><td>5,814</td><td>47</td><td>47</td><td>1</td></tr><tr><td>Uruguay</td><td>94,079</td><td>38,096</td><td>31,189</td><td>400</td><td>55,936</td><td>47,695</td><td>91</td><td>8,250</td><td>17</td><td>44</td><td>1</td></tr><tr><td>Venezuela</td><td>143,223</td><td>90,318</td><td>90,121</td><td>4,362</td><td>20,936</td><td>32,437</td><td>14,100</td><td>1,260</td><td>177</td><td>448</td><td>1</td></tr><tr><td>Other Latin America</td><td>137,777</td><td>106,657</td><td>79,789</td><td>20,936</td><td>32,014</td><td>31,253</td><td>1,285</td><td>36</td><td>296</td><td>896</td><td>1</td></tr><tr><td>Total Latin America</td><td>1,753,993</td><td>1,150,274</td><td>957,756</td><td>234,976</td><td>57,942</td><td>592,317</td><td>541,931</td><td>21,466</td><td>23,136</td><td>1,802</td><td>839</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>37,050</td><td>35,867</td><td>35,931</td><td>342</td><td>384</td><td>9,181</td><td>7,681</td><td>508</td><td>14</td><td>14</td><td>1</td></tr><tr><td>Formosa</td><td>35,059</td><td>29,604</td><td>28,871</td><td>610</td><td>13</td><td>2,345</td><td>5,345</td><td>1</td><td>14</td><td>1</td><td>1</td></tr><tr><td>Hong Kong</td><td>70,065</td><td>29,604</td><td>28,871</td><td>200</td><td>253</td><td>40,445</td><td>40,356</td><td>28</td><td>14</td><td>1</td><td>1</td></tr><tr><td>India</td><td>55,380</td><td>81,934</td><td>24,951</td><td>24,420</td><td>8,253</td><td>3,250</td><td>1,250</td><td>1</td><td>86</td><td>86</td><td>1</td></tr><tr><td>Indonesia</td><td>94,340</td><td>68,140</td><td>42,811</td><td>12,813</td><td>8,896</td><td>1,424</td><td>1,424</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Iran</td><td>19,483</td><td>12,705</td><td>12,617</td><td>88</td><td>6,778</td><td>6,778</td><td>6,778</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Iraq</td><td>15,313</td><td>13,016</td><td>13,001</td><td>15</td><td>2,697</td><td>2,604</td><td>693</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Japan</td><td>876,578</td><td>876,578</td><td>845,932</td><td>30,646</td><td>16,660</td><td>16,660</td><td>16,660</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Philippines</td><td>387,919</td><td>307,930</td><td>288,259</td><td>10,000</td><td>11,671</td><td>19,959</td><td>19,919</td><td>50</td><td>80</td><td>20</td><td>1</td></tr><tr><td>Thailand</td><td>194,797</td><td>190,838</td><td>9,134</td><td>180,637</td><td>1,061</td><td>3,965</td><td>3,965</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Turkey</td><td>8,409</td><td>4,895</td><td>4,849</td><td>36</td><td>4,124</td><td>4,124</td><td>4,124</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Other Asia</td><td>825,335</td><td>222,468</td><td>187,473</td><td>25,958</td><td>9,057</td><td>38,614</td><td>31,893</td><td>65</td><td>656</td><td>234</td><td>1</td></tr><tr><td>Total Asia</td><td>2,005,943</td><td>1,860,138</td><td>1,518,139</td><td>312,746</td><td>29,247</td><td>145,156</td><td>143,101</td><td>1,338</td><td>717</td><td>355</td><td>355</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>57,985</td><td>54,771</td><td>17,765</td><td>34,150</td><td>8,956</td><td>9,583</td><td>2,576</td><td>7</td><td>574</td><td>574</td><td>1</td></tr><tr><td>Belgian Congo</td><td>124,978</td><td>123,182</td><td>13,375</td><td>91,825</td><td>18,582</td><td>1,189</td><td>792</td><td>397</td><td>507</td><td>507</td><td>1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>24,059</td><td>50,118</td><td>19,590</td><td>30,000</td><td>283</td><td>3,947</td><td>3,947</td><td>5</td><td>1</td><td>401</td><td>1</td></tr><tr><td>Union of South Africa</td><td>16,035</td><td>15,565</td><td>13,956</td><td>14,400</td><td>10,890</td><td>9,138</td><td>1,752</td><td>10</td><td>1,402</td><td>1,402</td><td>1</td></tr><tr><td>Other</td><td>38,669</td><td>26,362</td><td>23,972</td><td>4,150</td><td>10,780</td><td>21,686</td><td>18,999</td><td>20</td><td>2,537</td><td>612</td><td>14</td></tr><tr><td>Total other countries</td><td>361,540</td><td>387,399</td><td>123,758</td><td>171,339</td><td>32,756</td><td>31,243</td><td>28,446</td><td>55</td><td>3,042</td><td>8,100</td><td>15</td></tr><tr><td>International</td><td>1,761,027</td><td>1,761,027</td><td>135,872</td><td>1,579,052</td><td>43,693</td><td>1,704,430</td><td>1,393,313</td><td>239,837</td><td>71,274</td><td>44,720</td><td>43,693</td></tr><tr><td>Grand total</td><td>10,879,913</td><td>9,130,768</td><td>4,414,147</td><td>4,197,807</td><td>518,514</td><td>1,704,430</td><td>1,393,313</td><td>239,837</td><td>71,274</td><td>44,720</td><td>43,693</td></tr></table>
Treasury Bulletin
56
CAPITAL MOVEMENTS
Section III - Details for Month of April 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="4">Purchases by foreigners</th><th colspan="4">Sales by foreigners</th></tr><tr><th></th><th>Total purchases</th><th colspan="2">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="2">Domestic securities</th><th colspan="2">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>60</td><td>1,154</td><td>50</td><td>8</td><td>2</td><td>15</td><td>5</td><td>7</td><td>3</td><td>245</td></tr><tr><td>Belgium</td><td>3,189</td><td>-</td><td>122</td><td>1,111</td><td>666</td><td>176</td><td>647</td><td>218</td><td>1,330</td><td>1,180</td></tr><tr><td>Czechoslovakia</td><td>2,128</td><td>-</td><td>42</td><td>127</td><td>1,958</td><td>1</td><td>3</td><td>189</td><td>88</td><td>28</td></tr><tr><td>Denmark</td><td>61</td><td>-</td><td>-</td><td>-</td><td>61</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>5,017</td><td>104</td><td>517</td><td>2,019</td><td>1,286</td><td>1,091</td><td>3,655</td><td>53</td><td>96</td><td>2,369</td><td>661</td><td>476</td></tr><tr><td>France</td><td>108</td><td>-</td><td>4</td><td>100</td><td>4</td><td>183</td><td>5</td><td>15</td><td>64</td><td>99</td></tr><tr><td>Germany</td><td>38</td><td>-</td><td>13</td><td>25</td><td>1</td><td>26</td><td>1</td><td>32</td><td>26</td><td>45</td></tr><tr><td>Greece</td><td>638</td><td>277</td><td>242</td><td>1,650</td><td>695</td><td>1,082</td><td>360</td><td>40</td><td>7,178</td><td>1,094</td><td>966</td></tr><tr><td>Italy</td><td>3,886</td><td>42</td><td>282</td><td>8</td><td>226</td><td>15</td><td>9,532</td><td>10</td><td>132</td><td>8</td></tr><tr><td>Netherlands</td><td>66</td><td>-</td><td>-</td><td>-</td><td>-</td><td>282</td><td>9</td><td>14</td><td>125</td><td>2</td></tr><tr><td>Norway</td><td>2</td><td>42</td><td>2</td><td>33</td><td>83</td><td>155</td><td>5</td><td>19</td><td>80</td><td>10</td></tr><tr><td>Poland</td><td>172</td><td>-</td><td>10</td><td>73</td><td>83</td><td>133</td><td>7</td><td>96</td><td>10</td></tr><tr><td>Portugal</td><td>212</td><td>6</td><td>2</td><td>109</td><td>71</td><td>677</td><td>30</td><td>35</td><td>1,337</td><td>1,440</td></tr><tr><td>Romania</td><td>189</td><td>6</td><td>2</td><td>109</td><td>71</td><td>133</td><td>7</td><td>96</td><td>10</td></tr><tr><td>Spain</td><td>165</td><td>101</td><td>7</td><td>31</td><td>26</td><td>21,334</td><td>1,067</td><td>898</td><td>1,863</td><td>1,440</td></tr><tr><td>Sweden</td><td>24,492</td><td>917</td><td>2,168</td><td>17,603</td><td>2,414</td><td>1,390</td><td>1,067</td><td>898</td><td>1,863</td><td>1,440</td></tr><tr><td>Switzerland</td><td>8,478</td><td>8,664</td><td>1,072</td><td>6,368</td><td>1,595</td><td>180</td><td>15,993</td><td>4,206</td><td>623</td><td>8,741</td><td>1,951</td><td>472</td></tr><tr><td>U. S. S. R.</td><td>1,952</td><td>16</td><td>212</td><td>641</td><td>665</td><td>18</td><td>963</td><td>100</td><td>65</td><td>690</td><td>105</td><td>13</td></tr><tr><td>Uganda</td><td>1,952</td><td>16</td><td>212</td><td>641</td><td>665</td><td>18</td><td>963</td><td>100</td><td>65</td><td>690</td><td>105</td><td>13</td></tr><tr><td>Total Europe</td><td>61,004</td><td>11,281</td><td>4,560</td><td>30,670</td><td>9,860</td><td>4,533</td><td>57,945</td><td>6,530</td><td>2,030</td><td>37,985</td><td>7,553</td><td>3,848</td></tr><tr><td>Canada</td><td>49,569</td><td>894</td><td>10,127</td><td>11,043</td><td>11,213</td><td>15,696</td><td>8,360</td><td>2,484</td><td>10,287</td><td>10,865</td><td>44,860</td><td>15,864</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>309</td><td>17</td><td>6</td><td>195</td><td>86</td><td>7</td><td>280</td><td>1</td><td>142</td><td>75</td><td>3</td></tr><tr><td>Bolivia</td><td>45</td><td>6</td><td>8</td><td>35</td><td>5</td><td>9</td><td>7</td><td>6</td><td>789</td><td>52</td></tr><tr><td>Brazil</td><td>997</td><td>6</td><td>10</td><td>368</td><td>576</td><td>37</td><td>900</td><td>6</td><td>167</td><td>52</td></tr><tr><td>Chile</td><td>466</td><td>6</td><td>6</td><td>297</td><td>94</td><td>69</td><td>377</td><td>3</td><td>111</td><td>134</td></tr><tr><td>Colombia</td><td>992</td><td>101</td><td>67</td><td>1,301</td><td>739</td><td>81</td><td>1,998</td><td>290</td><td>1,434</td><td>121</td></tr><tr><td>Cuba</td><td>2,289</td><td>101</td><td>67</td><td>1,301</td><td>739</td><td>81</td><td>1,998</td><td>290</td><td>1,434</td><td>121</td></tr><tr><td> Dominican Republic</td><td>109</td><td>15</td><td>24</td><td>109</td><td>24</td><td>100</td><td>6</td><td>7</td><td>17</td><td>77</td></tr><tr><td>Guatemala</td><td>39</td><td>15</td><td>24</td><td>109</td><td>24</td><td>100</td><td>6</td><td>7</td><td>17</td><td>77</td></tr><tr><td>Mexico</td><td>1,977</td><td>221</td><td>1,097</td><td>823</td><td>436</td><td>1,154</td><td>25</td><td>15</td><td>970</td><td>11</td><td>133</td></tr><tr><td>Mexico and Surinam</td><td>115</td><td>44</td><td>20</td><td>49</td><td>2</td><td>29</td><td>25</td><td>2</td><td>25</td><td>4</td></tr><tr><td>Peru</td><td>100</td><td>5</td><td>84</td><td>84</td><td>11</td><td>112</td><td>60</td><td>14</td><td>811</td><td>60</td><td>37</td></tr><tr><td>Republic of Panama</td><td>1,242</td><td>27</td><td>991</td><td>11</td><td>213</td><td>1,930</td><td>60</td><td>14</td><td>811</td><td>60</td><td>37</td></tr><tr><td>El Salvador</td><td>1,028</td><td>262</td><td>1,885</td><td>411</td><td>313</td><td>8,607</td><td>226</td><td>2,065</td><td>130</td><td>136</td></tr><tr><td>Uruguay</td><td>3,053</td><td>182</td><td>1,405</td><td>141</td><td>92</td><td>1,316</td><td>147</td><td>1,132</td><td>53</td><td>11</td></tr><tr><td>Other Latin America</td><td>1,615</td><td>89</td><td>3</td><td>749</td><td>193</td><td>32</td><td>32</td><td>178</td><td>17</td></tr><tr><td>Total Latin America</td><td>15,082</td><td>596</td><td>641</td><td>9,180</td><td>3,394</td><td>1,271</td><td>10,542</td><td>232</td><td>560</td><td>8,188</td><td>670</td><td>892</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>17</td><td>-</td><td>3</td><td>11</td><td>3</td><td>9</td><td>-</td><td>9</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>91</td><td>-</td><td>91</td><td>11</td><td>-</td><td>16</td><td>-</td><td>16</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>1,206</td><td>18</td><td>159</td><td>1,229</td><td>54</td><td>204</td><td>1,223</td><td>122</td><td>1,334</td><td>4</td><td>27</td></tr><tr><td>India</td><td>877</td><td>18</td><td>169</td><td>16</td><td>94</td><td>159</td><td>10</td><td>92</td><td>10</td><td>68</td></tr><tr><td>Indonesia</td><td>17</td><td>4</td><td>1</td><td>50</td><td>44</td><td>2</td><td>19</td><td>2</td><td>18</td><td>4,101</td></tr><tr><td>Iran</td><td>9</td><td>2</td><td>2</td><td>7</td><td>2</td><td>55</td><td>1</td><td>55</td><td>1</td><td>-</td></tr><tr><td>Israel</td><td>101</td><td>4</td><td>1</td><td>50</td><td>44</td><td>19</td><td>1</td><td>19</td><td>1</td><td>-</td></tr><tr><td>Japan</td><td>80</td><td>30</td><td>2</td><td>37</td><td>38</td><td>36</td><td>5</td><td>32</td><td>32</td><td>2</td></tr><tr><td>Philippines</td><td>55</td><td>30</td><td>2</td><td>22</td><td>3</td><td>39</td><td>5</td><td>37</td><td>5</td><td>2</td></tr><tr><td>Thailand</td><td>18</td><td>12</td><td>11</td><td>11</td><td>12</td><td>24</td><td>12</td><td>12</td><td>11</td><td>11</td></tr><tr><td>Other Asia</td><td>284</td><td>20</td><td>218</td><td>2</td><td>4</td><td>164</td><td>72</td><td>19</td><td>1,698</td><td>4,116</td><td>119</td></tr><tr><td>Total Asia</td><td>2,439</td><td>52</td><td>214</td><td>1,688</td><td>269</td><td>216</td><td>6,178</td><td>196</td><td>19</td><td>1,698</td><td>4,116</td><td>119</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>114</td><td>1</td><td>41</td><td>73</td><td>16</td><td>16</td><td>1</td><td>12</td><td>1</td></tr><tr><td>Belgian Congo</td><td>2</td><td>2</td><td>2</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>19</td><td>19</td><td>19</td><td>28</td><td>6</td><td>179</td><td>5</td><td>1</td><td>172</td><td>2</td></tr><tr><td>Union of South Africa</td><td>104</td><td>27</td><td>9</td><td>28</td><td>36</td><td>2,110</td><td>30</td><td>130</td><td>1,065</td><td>11</td><td>78</td></tr><tr><td>Other</td><td>1,205</td><td>1</td><td>92</td><td>1,035</td><td>40</td><td>36</td><td>2,314</td><td>35</td><td>131</td><td>2,051</td><td>13</td><td>78</td></tr><tr><td>Total other countries</td><td>1,444</td><td>1</td><td>119</td><td>1,147</td><td>181</td><td>36</td><td>2,314</td><td>35</td><td>131</td><td>2,051</td><td>13</td><td>78</td></tr><tr><td>International</td><td>5,763</td><td>100</td><td>475</td><td>825</td><td>8,366</td><td>1,223</td><td>152</td><td>3</td><td>68</td><td>1,000</td></tr><tr><td>Grand total</td><td>135,301</td><td>12,294</td><td>16,135</td><td>55,150</td><td>89,293</td><td>21,848</td><td>162,563</td><td>9,689</td><td>13,030</td><td>60,361</td><td>58,212</td><td>20,831</td></tr></table>
September 1955
57
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of June 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 for 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><td></td></tr><tr><td>Austria</td><td>11,297</td><td>11,294</td><td>1,079</td><td>102</td><td>48</td><td>263</td><td>186</td><td>16</td><td>61</td></tr><tr><td>Belgium</td><td>10</td><td>10</td><td>3</td><td>-</td><td>3,901</td><td>7</td><td>3</td><td>4</td><td>-</td></tr><tr><td>Czechoslovakia</td><td>1,303</td><td>1,288</td><td>71</td><td>25</td><td>291</td><td>75</td><td>67</td><td>8</td><td>1,764</td></tr><tr><td>Denmark</td><td>3,857</td><td>3,856</td><td>49</td><td>-</td><td>126</td><td>3,610</td><td>1</td><td>462</td><td>1</td></tr><tr><td>Finland</td><td>7,948</td><td>5,367</td><td>1,470</td><td>1,820</td><td>299</td><td>2,481</td><td>255</td><td>8</td><td>78</td></tr><tr><td>France</td><td>30,695</td><td>28,214</td><td>14,780</td><td>4,697</td><td>1,958</td><td>6,879</td><td>2,663</td><td>21</td><td>-</td></tr><tr><td>Germany</td><td>129</td><td>129</td><td>1,965</td><td>12,639</td><td>2,499</td><td>7,192</td><td>411</td><td>1</td><td>-</td></tr><tr><td>Greece</td><td>28,809</td><td>28,809</td><td>997</td><td>h14</td><td>1,090</td><td>1,781</td><td>897</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>5,060</td><td>4,802</td><td>7</td><td>36</td><td>421</td><td>503</td><td>149</td><td>3</td><td>-</td></tr><tr><td>Netherlands</td><td>1,116</td><td>967</td><td>30</td><td>17</td><td>30</td><td>149</td><td>58</td><td>1</td><td>-</td></tr><tr><td>Norway</td><td>3,468</td><td>3,410</td><td>110</td><td>17</td><td>289</td><td>5,595</td><td>141</td><td>141</td><td>-</td></tr><tr><td>Poland</td><td>-</td><td>3</td><td>629</td><td>78</td><td>508</td><td>225</td><td>222</td><td>3</td><td>43</td></tr><tr><td>Portugal</td><td>6,965</td><td>6,804</td><td>145</td><td>233</td><td>1,112</td><td>6,290</td><td>6,295</td><td>2</td><td>213</td></tr><tr><td>Rumania</td><td>2,440</td><td>2,829</td><td>2,383</td><td>4,283</td><td>1,927</td><td>22</td><td>22</td><td>762</td><td>278</td></tr><tr><td>Spain</td><td>15,269</td><td>8,999</td><td>2,383</td><td>2,323</td><td>2,971</td><td>22,465</td><td>23,470</td><td>2</td><td>5</td></tr><tr><td>Switzerland</td><td>28,138</td><td>5,673</td><td>919</td><td>2,139</td><td>2,071</td><td>23,465</td><td>23,176</td><td>2,179</td><td>-</td></tr><tr><td>U.S. S. R.</td><td>5,287</td><td>4,434</td><td>4,318</td><td>10</td><td>6</td><td>833</td><td>3,148</td><td>1,566</td><td>2,139</td></tr><tr><td>United Kingdom</td><td>6,426</td><td>6,245</td><td>967</td><td>4,425</td><td>530</td><td>181</td><td>1,818</td><td>1,812</td><td>2,139</td></tr><tr><td>Yugoslavia</td><td>151,718</td><td>118,429</td><td>30,195</td><td>30,521</td><td>17,756</td><td>37,533</td><td>33,448</td><td>1,566</td><td>-</td></tr><tr><td>Other Europe</td><td>57,130</td><td>26,780</td><td>275</td><td>11,048</td><td>5,731</td><td>30,400</td><td>23,449</td><td>1,812</td><td>2,139</td></tr><tr><td>Canada</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>9,016</td><td>7,873</td><td>468</td><td>1,353</td><td>5,492</td><td>1,743</td><td>44</td><td>1,699</td><td>10</td></tr><tr><td>Bolivia</td><td>10,191</td><td>9,868</td><td>8,067</td><td>17</td><td>1,698</td><td>323</td><td>158</td><td>323</td><td>41</td></tr><tr><td>Brazil</td><td>38,293</td><td>32,393</td><td>15,126</td><td>28,028</td><td>24,276</td><td>42,976</td><td>344</td><td>145</td><td>41</td></tr><tr><td>Chile</td><td>47,656</td><td>47,605</td><td>9,117</td><td>6,528</td><td>30,176</td><td>11,760</td><td>51</td><td>6</td><td>42</td></tr><tr><td>Colombia</td><td>27,029</td><td>26,767</td><td>3,167</td><td>7,106</td><td>8,769</td><td>7,725</td><td>258</td><td>4</td><td>1,082</td></tr><tr><td>Cuba</td><td>2,916</td><td>2,916</td><td>507</td><td>4,348</td><td>1,968</td><td>165</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dominican Republic</td><td>3,167</td><td>3,167</td><td>507</td><td>86</td><td>2,409</td><td>165</td><td>273</td><td>273</td><td>120</td></tr><tr><td>Guatemala</td><td>80,327</td><td>85,966</td><td>20,531</td><td>14,941</td><td>8,823</td><td>2,361</td><td>1,219</td><td>31</td><td>-</td></tr><tr><td>Mexico</td><td>2,091</td><td>1,918</td><td>4</td><td>479</td><td>1,335</td><td>273</td><td>273</td><td>1</td><td>-</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>14,296</td><td>14,257</td><td>363</td><td>315</td><td>9,123</td><td>39</td><td>8</td><td>31</td><td>-</td></tr><tr><td>Peru</td><td>5,374</td><td>5,373</td><td>3,164</td><td>1,333</td><td>1,333</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Republic of Panama</td><td>4,043</td><td>4,043</td><td>1,410</td><td>1,410</td><td>1,410</td><td>788</td><td>788</td><td>1</td><td>26</td></tr><tr><td>El Salvador</td><td>3,601</td><td>3,117</td><td>76</td><td>1,438</td><td>1,468</td><td>135</td><td>436</td><td>336</td><td>10</td></tr><tr><td>Uruguay</td><td>35,201</td><td>34,895</td><td>8,895</td><td>6,917</td><td>20,983</td><td>4,060</td><td>346</td><td>336</td><td>10</td></tr><tr><td>Venezuela</td><td>13,870</td><td>13,870</td><td>2,377</td><td>1,377</td><td>11,512</td><td>280</td><td>38</td><td>2,331</td><td>1,131</td></tr><tr><td>Other Latin America</td><td>998,596</td><td>990,328</td><td>61,264</td><td>72,596</td><td>342,012</td><td>116,456</td><td>6,268</td><td>2,796</td><td>1,131</td></tr><tr><td>Total Latin America</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></tr><tr><td>China Mainland</td><td>2,646</td><td>2,640</td><td>2,636</td><td>43</td><td>2</td><td>6</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,449</td><td>5,449</td><td>5,406</td><td>460</td><td>1,573</td><td>65</td><td>65</td><td>6</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,339</td><td>2,274</td><td>281</td><td>6</td><td>2,928</td><td>386</td><td>380</td><td>6</td><td>-</td></tr><tr><td>India</td><td>2,859</td><td>2,859</td><td>433</td><td>-</td><td>296</td><td>14</td><td>1</td><td>10</td><td>-</td></tr><tr><td>Indonesia</td><td>1,142</td><td>1,142</td><td>150</td><td>-</td><td>1,727</td><td>11,673</td><td>13</td><td>12</td><td>-</td></tr><tr><td>Iran</td><td>12,816</td><td>12,806</td><td>334</td><td>1,130</td><td>12,478</td><td>10</td><td>1</td><td>21</td><td>-</td></tr><tr><td>Israel</td><td>19,397</td><td>19,336</td><td>4,636</td><td>3,121</td><td>1,707</td><td>3,314</td><td>7</td><td>7</td><td>-</td></tr><tr><td>Japan</td><td>16,613</td><td>16,504</td><td>7,734</td><td>82</td><td>3,937</td><td>16</td><td>32</td><td>21</td><td>-</td></tr><tr><td>Philippines</td><td>11,921</td><td>11,789</td><td>3,032</td><td>195</td><td>2,108</td><td>7</td><td>5</td><td>20</td><td>-</td></tr><tr><td>Thailand</td><td>5,334</td><td>5,335</td><td>10,442</td><td>316</td><td>8,999</td><td>547</td><td>45</td><td>46</td><td>-</td></tr><tr><td>Turkey</td><td>11,275</td><td>11,271</td><td>10,387</td><td>216</td><td>2,778</td><td>3</td><td>5</td><td>1</td><td>-</td></tr><tr><td>Other Asia</td><td>20,338</td><td>20,335</td><td>61,087</td><td>6,745</td><td>32,114</td><td>11,908</td><td>514</td><td>468</td><td>46</td></tr><tr><td>Total Asia</td><td>132,098</td><td>111,525</td><td>61,087</td><td>6,745</td><td>32,114</td><td>11,908</td><td>514</td><td>468</td><td>46</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>7,211</td><td>6,234</td><td>75</td><td>50</td><td>3,672</td><td>2,437</td><td>977</td><td>551</td><td>165</td></tr><tr><td>Belgian Congo</td><td>6,684</td><td>6,684</td><td>141</td><td>74</td><td>5,379</td><td>1,030</td><td>13</td><td>12</td><td>1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>335</td><td>322</td><td>216</td><td>1</td><td>105</td><td>212</td><td>437</td><td>87</td><td>1</td></tr><tr><td>Union of South Africa</td><td>2,872</td><td>2,435</td><td>216</td><td>48</td><td>2,179</td><td>133</td><td>97</td><td>97</td><td>346</td></tr><tr><td>Other</td><td>3,257</td><td>3,470</td><td>925</td><td>155</td><td>2,267</td><td>13</td><td>-</td><td>-</td><td>607</td></tr><tr><td>Total other countries</td><td>20,609</td><td>19,085</td><td>1,347</td><td>388</td><td>13,598</td><td>3,812</td><td>1,324</td><td>747</td><td>170</td></tr><tr><td>International</td><td>1,039</td><td>1,039</td><td>1,039</td><td>1</td><td>1,038</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>941,240</td><td>865,301</td><td>155,207</td><td>121,338</td><td>411,191</td><td>177,555</td><td>75,319</td><td>60,948</td><td>5,392</td></tr></table>
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of June 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>135,734</td><td>117,545</td><td>68,354</td><td>3,200</td><td>45,961</td><td>1,139</td><td>1,189</td><td>2,743</td><td>6,766</td><td>203</td><td>196</td><td>7</td></tr><tr><td>Belgium</td><td>127,176</td><td>72,888</td><td>44,497</td><td>1,899</td><td>26,924</td><td>24,025</td><td>44,776</td><td>2,743</td><td>6,766</td><td>203</td><td>196</td><td>7</td></tr><tr><td>Czechoslovakia</td><td>1,095</td><td>135</td><td>135</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>Denmark</td><td>71,047</td><td>63,336</td><td>15,277</td><td>47,100</td><td>893</td><td>7,302</td><td>6,364</td><td>958</td><td>320</td><td>9</td><td>9</td><td>-</td></tr><tr><td>Finland</td><td>34,320</td><td>31,756</td><td>25,314</td><td>5,442</td><td>2,504</td><td>2,504</td><td>2,504</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>305,400</td><td>233,577</td><td>215,032</td><td>6,707</td><td>12,995</td><td>70,899</td><td>63,438</td><td>4,105</td><td>3,236</td><td>3,864</td><td>3,868</td><td>16</td></tr><tr><td>Germany</td><td>652,835</td><td>579,582</td><td>232,737</td><td>375,000</td><td>41,945</td><td>3,094</td><td>3,090</td><td>38</td><td>5</td><td>5</td><td>23</td><td>36</td></tr><tr><td>Greece</td><td>70,551</td><td>61,247</td><td>21,411</td><td>40,000</td><td>136</td><td>5,104</td><td>5,378</td><td>2,685</td><td>101</td><td>59</td><td>23</td><td>36</td></tr><tr><td>Italy</td><td>310,519</td><td>277,963</td><td>117,858</td><td>135,115</td><td>28,939</td><td>32,649</td><td>22,563</td><td>9,516</td><td>565</td><td>7</td><td>4</td><td>3</td></tr><tr><td>Netherlands</td><td>267,264</td><td>232,255</td><td>56,245</td><td>176,943</td><td>7,167</td><td>25,997</td><td>26,723</td><td>2,098</td><td>104</td><td>312</td><td>310</td><td>2</td></tr><tr><td>Norway</td><td>100,977</td><td>82,622</td><td>1,530</td><td>96,736</td><td>1,356</td><td>25,970</td><td>13,970</td><td>1,769</td><td>22</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>1,955</td><td>1,568</td><td>1,530</td><td>48</td><td>38</td><td>397</td><td>473</td><td>162</td><td>1,373</td><td>6</td><td>6</td><td>-</td></tr><tr><td>Portugal</td><td>57,159</td><td>37,047</td><td>36,747</td><td>48</td><td>252</td><td>20,105</td><td>19,833</td><td>273</td><td>6</td><td>6</td><td>6</td><td>-</td></tr><tr><td>Russia</td><td>44,359</td><td>4,403</td><td>4,403</td><td>4</td><td>205</td><td>5,614</td><td>4,167</td><td>167</td><td>9</td><td>9</td><td>1</td><td>9</td></tr><tr><td>Sweden</td><td>86,560</td><td>79,406</td><td>37,488</td><td>22,250</td><td>19,668</td><td>7,125</td><td>6,663</td><td>530</td><td>2</td><td>59</td><td>59</td><td>71</td></tr><tr><td>Switzerland</td><td>650,328</td><td>513,613</td><td>238,400</td><td>115,220</td><td>125,993</td><td>133,579</td><td>97,284</td><td>8,438</td><td>28,017</td><td>2,540</td><td>2,869</td><td>174</td></tr><tr><td>U. S. S. R.</td><td>1,223</td><td>1,223</td><td>1,223</td><td>-</td><td>-</td><td>299</td><td>298</td><td>-</td><td>-</td><td>-</td><td>174</td><td>-</td></tr><tr><td>United Kingdom</td><td>911,183</td><td>603,203</td><td>337,785</td><td>260,798</td><td>6,979</td><td>273,353</td><td>195,177</td><td>123,690</td><td>536</td><td>28,317</td><td>28,143</td><td>174</td></tr><tr><td>Yugoslavia</td><td>7,944</td><td>7,828</td><td>5,658</td><td>2,160</td><td>1,566</td><td>720</td><td>720</td><td>692</td><td>801</td><td>39</td><td>39</td><td>-</td></tr><tr><td>Other Europe</td><td>46,676</td><td>34,076</td><td>25,586</td><td>7,670</td><td>1,450</td><td>12,761</td><td>11,868</td><td>692</td><td>801</td><td>39</td><td>39</td><td>-</td></tr><tr><td>Total Europe</td><td>3,990,339</td><td>3,151,001</td><td>1,613,420</td><td>1,286,577</td><td>111,387</td><td>703,030</td><td>503,218</td><td>157,435</td><td>42,377</td><td>45,425</td><td>35,107</td><td>316</td></tr><tr><td>Canada</td><td>1,113,448</td><td>904,880</td><td>287,828</td><td>602,108</td><td>14,944</td><td>201,610</td><td>158,193</td><td>42,581</td><td>856</td><td>12,958</td><td>12,427</td><td>531</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><td></td></tr><tr><td>Argentina</td><td>125,515</td><td>115,555</td><td>133,720</td><td>459</td><td>2,476</td><td>38,913</td><td>38,828</td><td>70</td><td>5</td><td>47</td><td>10</td><td>37</td></tr><tr><td>Bolivia</td><td>25,591</td><td>13,576</td><td>13,672</td><td>-</td><td>4</td><td>11,912</td><td>11,878</td><td>13</td><td>28</td><td>11</td><td>-</td><td>11</td></tr><tr><td>Brazil</td><td>131,008</td><td>93,589</td><td>39,128</td><td>-</td><td>10,505</td><td>37,972</td><td>37,949</td><td>35</td><td>388</td><td>11</td><td>-</td><td>11</td></tr><tr><td>Chile</td><td>88,113</td><td>53,108</td><td>53,040</td><td>-</td><td>68</td><td>35,005</td><td>34,864</td><td>127</td><td>18</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>123,608</td><td>91,559</td><td>99,542</td><td>-</td><td>2,017</td><td>30,043</td><td>29,795</td><td>236</td><td>11</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>330,977</td><td>314,579</td><td>119,009</td><td>192,000</td><td>3,370</td><td>66,378</td><td>66,084</td><td>214</td><td>140</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dominican Republic</td><td>47,492</td><td>35,982</td><td>28,820</td><td>-</td><td>202</td><td>13,970</td><td>13,947</td><td>47</td><td>3,576</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>45,185</td><td>25,956</td><td>11,976</td><td>11,000</td><td>3,380</td><td>19,230</td><td>18,941</td><td>270</td><td>19</td><td>179</td><td>12</td><td>167</td></tr><tr><td>Mexico</td><td>167,436</td><td>85,767</td><td>84,346</td><td>-</td><td>1,441</td><td>81,530</td><td>75,921</td><td>5,579</td><td>30</td><td>179</td><td>12</td><td>167</td></tr><tr><td>Netherlands Antilles</td><td>44,814</td><td>36,778</td><td>20,061</td><td>13,965</td><td>2,752</td><td>8,036</td><td>7,938</td><td>50</td><td>48</td><td>3</td><td>3</td><td>47</td></tr><tr><td>Peru</td><td>63,372</td><td>23,944</td><td>23,808</td><td>-</td><td>136</td><td>39,424</td><td>34,988</td><td>145</td><td>4,351</td><td>3</td><td>3</td><td>47</td></tr><tr><td>Republic of Panama</td><td>97,092</td><td>44,173</td><td>43,522</td><td>24,900</td><td>251</td><td>52,872</td><td>37,208</td><td>9,758</td><td>5,906</td><td>47</td><td>47</td><td>44</td></tr><tr><td>El Salvador</td><td>44,163</td><td>31,053</td><td>5,095</td><td>-</td><td>1,457</td><td>52,966</td><td>44,771</td><td>205</td><td>7,950</td><td>50</td><td>6</td><td>44</td></tr><tr><td>Uruguay</td><td>87,884</td><td>34,384</td><td>30,391</td><td>-</td><td>4,497</td><td>52,966</td><td>44,771</td><td>12</td><td>18</td><td>866</td><td>856</td><td>-</td></tr><tr><td>Venezuela</td><td>126,335</td><td>101,177</td><td>100,879</td><td>-</td><td>856</td><td>54,302</td><td>51,053</td><td>2,946</td><td>301</td><td>856</td><td>817</td><td>-</td></tr><tr><td>Other Latin America</td><td>140,352</td><td>105,056</td><td>79,235</td><td>7,032</td><td>18,775</td><td>34,958</td><td>33,428</td><td>1,318</td><td>16</td><td>817</td><td>817</td><td>-</td></tr><tr><td>Total Latin America</td><td>1,800,701</td><td>1,202,338</td><td>902,681</td><td>249,336</td><td>50,347</td><td>596,307</td><td>522,932</td><td>21,222</td><td>22,793</td><td>2,010</td><td>1,704</td><td>305</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><td></td></tr><tr><td>China Mainland</td><td>37,476</td><td>28,712</td><td>28,118</td><td>342</td><td>232</td><td>8,752</td><td>8,860</td><td>502</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>31,479</td><td>21,836</td><td>21,836</td><td>629</td><td>11</td><td>3,039</td><td>3,039</td><td>1</td><td>61</td><td>69</td><td>69</td><td>-</td></tr><tr><td>Hong Kong</td><td>72,106</td><td>31,208</td><td>30,390</td><td>200</td><td>612</td><td>40,835</td><td>39,654</td><td>340</td><td>69</td><td>69</td><td>69</td><td>-</td></tr><tr><td>India</td><td>61,404</td><td>33,753</td><td>24,763</td><td>57,120</td><td>1,840</td><td>3,476</td><td>3,473</td><td>3</td><td>205</td><td>205</td><td>205</td><td>-</td></tr><tr><td>Indonesia</td><td>31,332</td><td>35,926</td><td>26,733</td><td>9,335</td><td>875</td><td>1,468</td><td>1,468</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>17,806</td><td>10,666</td><td>10,580</td><td>-</td><td>86</td><td>7,130</td><td>7,130</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>16,475</td><td>15,231</td><td>15,219</td><td>-</td><td>12</td><td>1,244</td><td>1,244</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>937,152</td><td>671,613</td><td>584,104</td><td>31,104</td><td>8,315</td><td>16,048</td><td>16,018</td><td>70</td><td>30</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Philippines</td><td>307,150</td><td>282,667</td><td>267,773</td><td>6,600</td><td>13,089</td><td>29,651</td><td>29,581</td><td>70</td><td>47</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Thailand</td><td>197,500</td><td>194,177</td><td>23,361</td><td>180,059</td><td>267</td><td>3,323</td><td>3,323</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>8,007</td><td>4,090</td><td>4,061</td><td>-</td><td>29</td><td>3,917</td><td>3,917</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>825,992</td><td>189,114</td><td>141,143</td><td>37,913</td><td>10,158</td><td>36,596</td><td>35,939</td><td>99</td><td>656</td><td>282</td><td>282</td><td>-</td></tr><tr><td>Total Asia</td><td>1,995,007</td><td>1,765,904</td><td>1,434,510</td><td>328,748</td><td>89,946</td><td>148,499</td><td>145,985</td><td>1,014</td><td>1,500</td><td>604</td><td>604</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><td></td></tr><tr><td>Australia</td><td>67,318</td><td>64,235</td><td>18,569</td><td>41,850</td><td>3,016</td><td>2,728</td><td>2,728</td><td>-</td><td>377</td><td>355</td><td>358</td><td>3</td></tr><tr><td>Belgian Congo</td><td>125,297</td><td>125,051</td><td>16,000</td><td>99,725</td><td>19,117</td><td>1,645</td><td>663</td><td>-</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>55,214</td><td>52,486</td><td>21,950</td><td>30,000</td><td>536</td><td>2,728</td><td>2,698</td><td>30</td><td>443</td><td>443</td><td>111</td><td>32</td></tr><tr><td>Union of South Africa</td><td>31,115</td><td>35,468</td><td>13,236</td><td>21,000</td><td>10,168</td><td>8,158</td><td>8,082</td><td>6</td><td>2,906</td><td>1,043</td><td>1,068</td><td>12</td></tr><tr><td>Other countries</td><td>97,799</td><td>68,428</td><td>56,366</td><td>5,000</td><td>10,168</td><td>8,158</td><td>8,082</td><td>335</td><td>3,208</td><td>1,342</td><td>1,792</td><td>50</td></tr><tr><td>Total other countries</td><td>378,093</td><td>345,205</td><td>126,393</td><td>139,075</td><td>33,525</td><td>37,108</td><td>33,453</td><td>371</td><td>3,284</td><td>1,342</td><td>1,792</td><td>50</td></tr><tr><td>International</td><td>1,777,093</td><td>1,777,093</td><td>99,185</td><td>1,628,120</td><td>49,868</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>10,997,641</td><td>9,168,834</td><td>4,454,077</td><td>4,213,994</td><td>490,187</td><td>1,656,594</td><td>1,333,141</td><td>222,623</td><td>70,790</td><td>58,839</td><td>51,534</td><td>1,805</td></tr></table>
September 1953
59
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of June 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="2">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="2">Domestic securities</th><th colspan="2">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>3</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td><td>4</td><td>1</td><td>-</td><td>2,893</td><td>99</td></tr><tr><td>Belgium</td><td>5,981</td><td>1,202</td><td>183</td><td>638</td><td>3,788</td><td>176</td><td>4,733</td><td>1,254</td><td>91</td><td>416</td><td>99</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>98</td><td>10</td><td>114</td><td>491</td><td>5</td><td>191</td><td>30</td><td>12</td><td>131</td><td>9</td></tr><tr><td>Denmark</td><td>713</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>6,093</td><td>467</td><td>555</td><td>2,674</td><td>1,063</td><td>1,334</td><td>3,158</td><td>188</td><td>118</td><td>1,374</td><td>501</td></tr><tr><td>Germany</td><td>67</td><td>12</td><td>25</td><td>25</td><td>3</td><td>3</td><td>67</td><td>3</td><td>9</td><td>18</td><td>12</td></tr><tr><td>Greece</td><td>67</td><td>-</td><td>10</td><td>187</td><td>232</td><td>9</td><td>295</td><td>388</td><td>311</td><td>1,910</td><td>13</td></tr><tr><td>Italy</td><td>915</td><td>407</td><td>223</td><td>1,309</td><td>628</td><td>709</td><td>4,574</td><td>568</td><td>331</td><td>1,910</td><td>230</td></tr><tr><td>Netherlands</td><td>3,001</td><td>132</td><td>28</td><td>313</td><td>168</td><td>15</td><td>580</td><td>182</td><td>-</td><td>189</td><td>19</td></tr><tr><td>Norway</td><td>620</td><td>96</td><td>23</td><td>31</td><td>9</td><td>83</td><td>162</td><td>3</td><td>-</td><td>89</td><td>12</td></tr><tr><td>Poland</td><td>195</td><td>-</td><td>11</td><td>66</td><td>20</td><td>7</td><td>81</td><td>24</td><td>4</td><td>47</td><td>6</td></tr><tr><td>Portugal</td><td>1</td><td>2</td><td>11</td><td>66</td><td>20</td><td>7</td><td>81</td><td>24</td><td>4</td><td>47</td><td>6</td></tr><tr><td>Russia</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>Spain</td><td>105</td><td>2</td><td>147</td><td>95</td><td>31</td><td>4</td><td>50</td><td>2,807</td><td>1,666</td><td>10,701</td><td>1,891</td></tr><tr><td>Sweden</td><td>277</td><td>1,090</td><td>6,301</td><td>13,374</td><td>4,369</td><td>1,060</td><td>17,168</td><td>2,807</td><td>1,666</td><td>10,701</td><td>1,891</td></tr><tr><td>Switzerland</td><td>26,194</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>U.S. S. R.</td><td>49,074</td><td>13,579</td><td>1,750</td><td>7,481</td><td>3,202</td><td>23,062</td><td>21,900</td><td>10,775</td><td>830</td><td>5,762</td><td>319</td></tr><tr><td>United Kingdom</td><td>-</td><td>-</td><td>58</td><td>122</td><td>102</td><td>8</td><td>1,104</td><td>1</td><td>10</td><td>978</td><td>11</td></tr><tr><td>Yugoslavia</td><td>318</td><td>28</td><td>-</td><td>122</td><td>102</td><td>8</td><td>1,104</td><td>1</td><td>10</td><td>978</td><td>11</td></tr><tr><td>Other Europe</td><td>93,623</td><td>17,101</td><td>9,358</td><td>26,491</td><td>14,136</td><td>26,487</td><td>54,411</td><td>15,567</td><td>3,078</td><td>21,870</td><td>10,861</td></tr><tr><td>Total Europe</td><td>81,794</td><td>8,418</td><td>11,174</td><td>6,916</td><td>38,448</td><td>16,838</td><td>55,031</td><td>2,676</td><td>9,929</td><td>10,013</td><td>18,410</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><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><td></td></tr><tr><td>Argentina</td><td>346</td><td>4</td><td>236</td><td>70</td><td>36</td><td>274</td><td>23</td><td>7</td><td>249</td><td>25</td><td>82</td></tr><tr><td>Bolivia</td><td>99</td><td>12</td><td>61</td><td>1,983</td><td>17</td><td>33</td><td>23</td><td>7</td><td>140</td><td>72</td><td>34</td></tr><tr><td>Brazil</td><td>2,379</td><td>12</td><td>245</td><td>1,983</td><td>33</td><td>28</td><td>125</td><td>-</td><td>89</td><td>2</td><td>34</td></tr><tr><td>Chile</td><td>302</td><td>4</td><td>183</td><td>87</td><td>25</td><td>129</td><td>-</td><td>-</td><td>138</td><td>1</td><td>1</td></tr><tr><td>Colombia</td><td>315</td><td>570</td><td>315</td><td>767</td><td>503</td><td>94</td><td>1,231</td><td>16</td><td>262</td><td>1,075</td><td>116</td></tr><tr><td>Cuba</td><td>2,349</td><td>315</td><td>315</td><td>767</td><td>503</td><td>94</td><td>1,231</td><td>16</td><td>262</td><td>1,075</td><td>116</td></tr><tr><td>Dominican Republic</td><td>127</td><td>25</td><td>85</td><td>102</td><td>121</td><td>121</td><td>121</td><td>121</td><td>121</td><td>104</td><td>60</td></tr><tr><td>Guatemala</td><td>131</td><td>41</td><td>62</td><td>88</td><td>210</td><td>210</td><td>33</td><td>87</td><td>33</td><td>81</td><td>214</td></tr><tr><td>Mexico</td><td>2,122</td><td>449</td><td>284</td><td>864</td><td>315</td><td>210</td><td>1,577</td><td>447</td><td>87</td><td>601</td><td>28</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>225</td><td>54</td><td>120</td><td>4</td><td>45</td><td>2</td><td>31</td><td>5</td><td>5</td><td>20</td><td>1</td></tr><tr><td>Peru</td><td>217</td><td>50</td><td>46</td><td>121</td><td>684</td><td>104</td><td>104</td><td>2</td><td>10</td><td>79</td><td>13</td></tr><tr><td>Republic of Panama</td><td>4,330</td><td>101</td><td>86</td><td>470</td><td>2,993</td><td>684</td><td>3,335</td><td>3,148</td><td>10</td><td>121</td><td>9</td></tr><tr><td>El Salvador</td><td>54</td><td>54</td><td>25</td><td>9</td><td>4</td><td>2</td><td>2</td><td>31</td><td>139</td><td>504</td><td>27</td></tr><tr><td>Uruguay</td><td>3,094</td><td>677</td><td>113</td><td>1,873</td><td>374</td><td>27</td><td>779</td><td>100</td><td>139</td><td>128</td><td>28</td></tr><tr><td>Venezuela</td><td>867</td><td>500</td><td>8</td><td>256</td><td>93</td><td>18</td><td>828</td><td>500</td><td>5</td><td>230</td><td>34</td></tr><tr><td>Other Latin America</td><td>893</td><td>931</td><td>100</td><td>100</td><td>100</td><td>100</td><td>769</td><td>500</td><td>5</td><td>230</td><td>34</td></tr><tr><td>Total Latin America</td><td>17,560</td><td>2,421</td><td>1,103</td><td>5,739</td><td>6,896</td><td>1,401</td><td>9,375</td><td>4,849</td><td>285</td><td>3,632</td><td>647</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>117</td><td>-</td><td>114</td><td>1</td><td>2</td><td>95</td><td>5</td><td>40</td><td>16</td><td>34</td><td>-</td></tr><tr><td>Formosa</td><td>5</td><td>136</td><td>2</td><td>220</td><td>80</td><td>802</td><td>46</td><td>1</td><td>61</td><td>23</td><td>-</td></tr><tr><td>Hong Kong</td><td>1,036</td><td>186</td><td>550</td><td>26</td><td>4</td><td>17</td><td>3</td><td>13</td><td>83</td><td>8</td><td>-</td></tr><tr><td>India</td><td>30</td><td>30</td><td>30</td><td>35</td><td>1</td><td>98</td><td>5</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Indonesia</td><td>69</td><td>-</td><td>1</td><td>1</td><td>-</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Iran</td><td>1</td><td>1</td><td>18</td><td>198</td><td>-</td><td>2,733</td><td>10</td><td>2</td><td>19</td><td>2,702</td><td>-</td></tr><tr><td>Israel</td><td>18</td><td>-</td><td>27</td><td>42</td><td>8</td><td>29</td><td>2</td><td>8</td><td>22</td><td>7</td><td>-</td></tr><tr><td>Japan</td><td>229</td><td>-</td><td>22</td><td>10</td><td>-</td><td>77</td><td>-</td><td>77</td><td>14</td><td>63</td><td>-</td></tr><tr><td>Philippines</td><td>72</td><td>-</td><td>4</td><td>19</td><td>-</td><td>19</td><td>-</td><td>19</td><td>14</td><td>5</td><td>-</td></tr><tr><td>Thailand</td><td>14</td><td>-</td><td>11</td><td>19</td><td>-</td><td>19</td><td>-</td><td>19</td><td>14</td><td>5</td><td>-</td></tr><tr><td>Turkey</td><td>30</td><td>10</td><td>100</td><td>1,041</td><td>75</td><td>197</td><td>22</td><td>22</td><td>84</td><td>13</td><td>3</td></tr><tr><td>Total Asia</td><td>426</td><td>10</td><td>236</td><td>1,046</td><td>169</td><td>1,097</td><td>194</td><td>28</td><td>1,092</td><td>2,794</td><td>69</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>368</td><td>17</td><td>44</td><td>323</td><td>1</td><td>17</td><td>7</td><td>10</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Belgian Congo</td><td>17</td><td>17</td><td>-</td><td>-</td><td>-</td><td>4</td><td>4</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>60</td><td>30</td><td>10</td><td>22</td><td>44</td><td>4,605</td><td>89</td><td>74</td><td>762</td><td>16</td><td>16</td></tr><tr><td>Union of South Africa</td><td>196</td><td>99</td><td>23</td><td>623</td><td>79</td><td>946</td><td>74</td><td>74</td><td>762</td><td>94</td><td>16</td></tr><tr><td>Other</td><td>1,212</td><td>300</td><td>167</td><td>633</td><td>75</td><td>4,572</td><td>96</td><td>74</td><td>790</td><td>94</td><td>4,518</td></tr><tr><td>Total other countries</td><td>1,893</td><td>449</td><td>207</td><td>699</td><td>446</td><td>5,572</td><td>196</td><td>74</td><td>790</td><td>94</td><td>4,518</td></tr><tr><td>International</td><td>3,414</td><td>425</td><td>307</td><td>621</td><td>2,061</td><td>49</td><td>49</td><td>39</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>200,283</td><td>28,824</td><td>22,435</td><td>41,512</td><td>62,565</td><td>44,947</td><td>128,535</td><td>22,742</td><td>13,634</td><td>37,418</td><td>32,896</td><td>21,995</td></tr></table>
60
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
October 1952 through September 1953
<table><tr><th rowspan="2"></th><th colspan="9">1958</th><th colspan="9">1953</th></tr><tr><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><th>Sep.</th></tr><tr><td>Article:</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>Treasury financing 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>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 sources</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>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 for national defense and related activities</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>Entire budget receipts and expenditures by months and years</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Summary of budget results 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 expenditures by months and years</td><td>...</td><td>...</td><td>...</td><td>...</td><td>9</td><td>...</td><td>...</td><td>6</td><td>...</td><td>6</td><td>...</td><td>...</td></tr><tr><td>Social Security Act</td><td>6</td><td>6</td><td>6</td><td>6</td><td>15</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>...</td></tr><tr><td>Railroad Retirement Act</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><td>...</td></tr><tr><td>Railroad Unemployment Insurance Act</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><td>...</td></tr><tr><td>Trust account and other transactions</td><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 trust account and other transactions</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><td>5</td></tr><tr><td>Trust account receipts</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><td>5</td></tr><tr><td>Trust account expenditures other than net investments</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><td>6</td></tr><tr><td>Net investments of Government agencies in public debt securities</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><td>6</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</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><td>...</td></tr><tr><td>Railroad Retirement Account</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><td>...</td></tr><tr><td>Unemployment Trust Fund</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><td>...</td></tr><tr><td>National Service Life Insurance Fund</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><td>...</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>21</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>7</td></tr><tr><td>Derivation of cash budget receipts</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><td>7</td></tr><tr><td>Derivation of cash budget expenditures</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><td>8</td></tr><tr><td>Derivation of cash trust account transactions</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><td>8</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>23</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>9</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>23</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>...</td></tr><tr><td>Debt outstanding and general 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>Summary of Federal securities</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><td>10</td></tr><tr><td>Net change in Federal securities</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><td>10</td></tr><tr><td>Interest-bearing public debt</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><td>15</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>27</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>11</td></tr><tr><td>Compensated interest charge and computed interest rate on Federal securities</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><td>11</td></tr><tr><td>Treasury holdings of securities issued by Government corporations</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><td>12</td></tr><tr><td>Status of the agencies</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><td>12</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>29</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>...</td></tr><tr><td>General Fund balance by months</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><td>...</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>30</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>13</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>30</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>13</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>31</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>16</td></tr><tr><td>Offerings of Treasury bills</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><td>16</td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness</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><td>17</td></tr><tr><td>Dispositions of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness</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><td>18</td></tr></table>
(Continued on following page)
September 1955
61
CUMULATIVE TABLE OF CONTENTS
October 1952 through September 1953 - (Continued)
<table><tr><th></th><th colspan="3">1952</th><th colspan="7">Issue and page number</th></tr><tr><th></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><th>Sept.</th></tr><tr><td colspan="13">United States savings bonds:</td></tr><tr><td>Cumulative sales and redemptions by series, all series combined.</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><td>19</td></tr><tr><td>Sales and redemptions by periods, all series combined.</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><td>20</td></tr><tr><td>Redemptions of matured and unmatured bonds.</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><td>22</td></tr><tr><td>Sales and redemptions by denominations, Series B and H and Series F, G, J, and K.</td><td>...</td><td>33</td><td>...</td><td>...</td><td>42</td><td>...</td><td>33</td><td>...</td><td>...</td><td>33</td><td>...</td><td>...</td></tr><tr><td>Sales and redemptions by denominations, Series B 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 B 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>Sales by States, Series B 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 colspan="13">Treasury savings notes:</td></tr><tr><td>Cumulative sales and redemptions by series.</td><td>33</td><td>35</td><td>33</td><td>33</td><td>46</td><td>33</td><td>33</td><td>35</td><td>33</td><td>33</td><td>35</td><td>23</td></tr><tr><td>Sales and redemptions by periods, all series combined.</td><td>33</td><td>35</td><td>33</td><td>33</td><td>46</td><td>33</td><td>33</td><td>35</td><td>33</td><td>33</td><td>35</td><td>23</td></tr><tr><td colspan="13">Ownership of Federal securities:</td></tr><tr><td>Distribution by classes of investors and types of issues.</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><td>24</td></tr><tr><td>Net market purchases of sales for investment accounts handled by the Treasury.</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><td>24</td></tr><tr><td>Estimated ownership.</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><td>25</td></tr><tr><td colspan="13">Treasury survey of ownership:</td></tr><tr><td>Ownership by banks, insurance companies, and others.</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><td>26</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date June 30, 1953).</td><td>...</td><td>...</td><td>...</td><td>...</td><td>40</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>30</td><td>...</td></tr><tr><td colspan="13">Market quotations:</td></tr><tr><td>End-of-month closing quotations on Federal securities by issues.</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>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues.</td><td>...</td><td>45</td><td>45</td><td>43</td><td>56</td><td>47</td><td>43</td><td>45</td><td>40</td><td>42</td><td>44</td><td>36</td></tr><tr><td>Chart - Yields of Treasury securities.</td><td>43</td><td>45</td><td>43</td><td>43</td><td>...</td><td>...</td><td>43</td><td>45</td><td>42</td><td>42</td><td>44</td><td>36</td></tr><tr><td colspan="13">Average yields of long-term bonds:</td></tr><tr><td>Average yields of Treasury and corporate bonds by periods.</td><td>44</td><td>46</td><td>44</td><td>44</td><td>57</td><td>48</td><td>44</td><td>46</td><td>43</td><td>43</td><td>45</td><td>37</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds.</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><td>38</td></tr><tr><td colspan="13">Internal revenue collections:</td></tr><tr><td>Summary by principal sources.</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><td>39</td></tr><tr><td>Chart - Internal revenue collections by principal sources.</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><td>40</td></tr><tr><td>Detail of collections by type of tax.</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><td>41</td></tr><tr><td colspan="13">Monetary statistics:</td></tr><tr><td>Money in circulation.</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><td>43</td></tr><tr><td>Monetary stocks of gold and silver.</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><td>44</td></tr><tr><td>Gold sales and liabilities of the Treasury.</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><td>44</td></tr><tr><td>Components of silver monetary stock.</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><td>45</td></tr><tr><td>Silver production in the United States and acquisitions by mines and assay offices.</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><td>45</td></tr><tr><td>Selignorage on silver.</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><td>46</td></tr><tr><td>Increase from reduction in weight of gold dollar (latest date June 30, 1953).</td><td>...</td><td>55</td><td>53</td><td>...</td><td>66</td><td>...</td><td>55</td><td>55</td><td>...</td><td>54</td><td>...</td><td>...</td></tr><tr><td>Net Treasury gold receipts (latest quarter ending March 31, 1953).</td><td>...</td><td>55</td><td>53</td><td>...</td><td>...</td><td>57</td><td>...</td><td>55</td><td>52</td><td>...</td><td>54</td><td>...</td></tr><tr><td colspan="13">Exchange Stabilization Fund (latest date March 31, 1953):</td></tr><tr><td>Balance sheet.</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><td>...</td></tr><tr><td>Income and expense.</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><td>...</td></tr><tr><td colspan="13">Capital movements between the United States and foreign countries:</td></tr><tr><td>Summary by periods since 1935.</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>57</td><td>51</td></tr><tr><td>Summary by countries and months.</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>60</td><td>52</td></tr><tr><td>Details for latest months by countries.</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>64</td><td>54</td></tr><tr><td>Supplementary data by countries.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>67</td><td>...</td><td>...</td><td>66</td><td>...</td><td>...</td><td>...</td></tr><tr><td colspan="13">Corporations and certain other business-type activities (latest date December 31, 1952):</td></tr><tr><td>Loans outstanding.</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><td>...</td></tr><tr><td>Balance sheets.</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><td>...</td></tr><tr><td>Income and expense.</td><td>...</td><td>71</td><td>...</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 application of funds.</td><td>...</td><td>70</td><td>...</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
0031981