TREASURY BULLETIN
NOVEMBER-1953
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
November 1955
Table of Contents
Page
Treasury financing operations A-1
Summary of Federal fiscal operations 1
Budget receipts and expenditures 2
Trust account and other transactions 7
Treasury cash income and outgo 11
Debt outstanding and general fund 14
Statutory debt limitation 17
Debt operations 18
United States savings bonds 23
Treasury savings notes 28
Ownership of Federal securities 29
Treasury survey of ownership of Federal securities 31
Market quotations on Treasury securities 35
Average yields of long-term bonds 38
Internal revenue collections 40
Monetary statistics 44
Exchange Stabilization Fund 48
Capital movements 50
Corporations and certain other business-type activities - income and expense, and source of application of funds 63
Cumulative table of contents 78
Note: Where calculations have been made from un-rounded figures, the details may not check to the totals shown.
November 1955
A-1
Treasury Financing Operations
November Bond Offering
The Secretary of the Treasury announced on October 26, 1953, an offering on October 28 for cash subscription of an issue of $2 billion, or thereabouts, of fully marketable 2-3/4 percent Treasury bonds, to be dated November 9, 1953, and to mature September 15, 1961. Subscription books were closed at the close of business on October 28.
Subscriptions to the bonds amounted to $12.5 billion and allotments totaled $2.2 billion.
The basis of allotment on subscriptions for the offering was announced by the Treasury as follows: Subscriptions in amounts up to and including $10,000, totaling about $22-1/2 million, were allotted in full. Larger subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments, aggregating about $1.8 billion, were allotted 24 percent, and larger subscriptions from all others, including $3-1/4 billion from commercial banks, were allotted 16 percent. For both percentage bases, however, the minimum allotment on any one subscription was $10,000.
Allotments by investor classes were as follows:
<table><tr><th>Investor classes</th><th>Allocments (In millions)</th></tr><tr><td>Individuals, partnerships, and personal trust accounts</td><td>101.5</td></tr><tr><td>Mutual savings banks</td><td>164.5</td></tr><tr><td>Insurance companies</td><td>186.7</td></tr><tr><td>Pension and retirement funds</td><td>65.3</td></tr><tr><td>Commercial banks</td><td>1,299.0</td></tr><tr><td>Dealers and brokers</td><td>170.5</td></tr><tr><td>All others</td><td>163.2</td></tr><tr><td>Unclassified</td><td>37.4</td></tr><tr><td>Total</td><td>2,188.1</td></tr><tr><td>Government investment accounts</td><td>50.0</td></tr><tr><td>Grand total</td><td>2,238.1</td></tr></table>
In accordance with the announcement on October 26, subscriptions from commercial banks, which for this purpose were defined as banks accepting demand deposits, were received for their own account without deposit. A payment of 10 percent of the amount of bonds subscribed for not subject to withdrawal until after allotment was required on all other subscriptions. Any qualified depositary was permitted to make payment by credit for bonds allotted to it for itself and its customers up to any amount for which it was qualified in excess of existing deposits. Subscribers other than commercial banks were permitted to enter subscriptions only for their own account.
Commercial banks and other lenders were requested to refrain from making unsecured loans, or loans collateralized in whole or in part by the bonds subscribed for to cover the 10 percent deposits required to be paid when subscriptions were entered, and a certification that no such loan had been made was required on each subscription entered by a commercial bank for account of its customers.
The Treasury reserved the right to reject or reduce any subscription, and to make different percentage allotments to various classes of subscribers.
Bearer bonds, with interest coupons attached, and bonds registered as to principal and interest, were issued in denominations of $500, $1,000, $5,000, $10,000, $100,000, and $1,000,000. Interest on the new bonds will be payable from November 9, 1953, at the rate of 2-3/4 percent per annum, payable on a semiannual basis on September 15, 1954, and thereafter on March 15 and September 15 in each year until the principal amount becomes payable.
Sale of Savings Notes Suspended
On October 23, the Treasury announced the suspension of sale of Treasury savings notes Series C. In response to press queries it was stated that the suspension was due to two related causes. The first was that the determination of the amount of the Treasury financing in the next week would be difficult in view of the uncertainties of future daily sales of Treasury savings notes under current conditions. The second was that the savings notes could create a problem in connection with the debt limit on the basis of current sales.
Retirement of Portion of Treasury Notes, Series A-1953
On November 9, the Secretary of the Treasury announced that the Treasury on that day had purchased from the Federal Reserve System and retired $500 million of 2-1/8 percent Treasury notes maturing December 1, 1953. Payment was made in effect by the use of gold which was part of the Treasury's general fund balance. The use of gold in this way to retire Government securities held by the Federal Reserve System has no effect on bank reserves and therefore is neither inflationary nor deflationary. Payment for the securities was made from Treasury balances in the Federal Reserve Banks; the balances were then restored by the deposit of gold certificates.
This completed the program contemplated in connection with the sale of $2.2 billion of 2-3/4 percent 7-year and 10-month bonds, delivery of
A-2
Treasury Bulletin
which on November 9 otherwise would have carried the public debt and the guaranteed obligations held outside the Treasury up to or beyond the legal limit.
A substantial excess of expenditures over receipts during the ensuing two months, the announcement stated, was expected to reduce the Treasury balance to the low operating level of about $2 billion early in January. Normally, the Treasury would have taken larger advantage of present very favorable market conditions to borrow enough money to maintain a more adequate balance. Since this was impossible
under the present public debt ceiling, it was necessary to put to use a substantial part of the gold in the Treasury general fund.
Treasury 91-Day Billa Refunded
October issues of weekly Treasury bills amounted to $7.5 billion and refunded an equal total of maturing bills. Each offering and maturity amounted to $1.5 billion. The average rates of discount on the new issues were 1.583 percent for October 1; 1.397 percent for October 8; 1.438 percent for October 15; 1.372 percent for October 22; and 1.220 percent for October 29.
Note: Details of Treasury marketing financing operations are shown elsewhere in this issue of the "Treasury Bulletin", in the tables on "Offerings" and "Dis-
position", respectively, of marketable issues of bonds, notes, and certificates of indebtedness, and in the table "Offerings of Treasury Bills".
November 1955
1
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>1/2/</th><th>1/</th><th></th><th></th><th>General Fund balance</th><th>Public debt</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 colspan="3"></td><td></td></tr><tr><td>1942</td><td>12,696</td><td>34,187</td><td>-21,490</td><td>-1,513</td><td>-</td><td>23,461</td><td>358</td><td>2,991</td><td>72,422</td><td>4,568</td><td>76,991</td></tr><tr><td>1943</td><td>22,202</td><td>79,622</td><td>-57,420</td><td>-338</td><td>-</td><td>64,274</td><td>6,515</td><td>9,507</td><td>136,696</td><td>4,100</td><td>140,796</td></tr><tr><td>1944</td><td>43,892</td><td>95,315</td><td>-51,423</td><td>-2,222</td><td>-</td><td>64,307</td><td>10,668</td><td>20,169</td><td>201,003</td><td>1,623</td><td>202,626</td></tr><tr><td>1945</td><td>44,762</td><td>98,703</td><td>-53,941</td><td>791</td><td>-</td><td>57,679</td><td>4,589</td><td>24,698</td><td>238,682</td><td>433</td><td>239,115</td></tr><tr><td>1946</td><td>40,027</td><td>60,703</td><td>-20,676</td><td>-281</td><td>-</td><td>10,740</td><td>-10,460</td><td>14,238</td><td>269,422</td><td>476</td><td>269,898</td></tr><tr><td>1947</td><td>40,043</td><td>39,289</td><td>724</td><td>-1,103</td><td>555</td><td>-11,136</td><td>-10,930</td><td>3,308</td><td>258,206</td><td>90</td><td>258,376</td></tr><tr><td>1948</td><td>42,211</td><td>33,791</td><td>8,419</td><td>-299</td><td>-507</td><td>-5,934</td><td>1,526</td><td>4,932</td><td>252,922</td><td>73</td><td>252,365</td></tr><tr><td>1949</td><td>38,246</td><td>40,057</td><td>-1,811</td><td>-495</td><td>366</td><td>478</td><td>-1,462</td><td>3,470</td><td>252,770</td><td>27</td><td>252,798</td></tr><tr><td>1950</td><td>37,045</td><td>40,167</td><td>-3,122</td><td>99</td><td>683</td><td>4,587</td><td>2,047</td><td>5,517</td><td>257,357</td><td>20</td><td>257,177</td></tr><tr><td>1951</td><td>45,143</td><td>44,633</td><td>3,510</td><td>679</td><td>-214</td><td>-2,135</td><td>1,839</td><td>7,357</td><td>255,222</td><td>29</td><td>255,251</td></tr><tr><td>1952</td><td>62,129</td><td>66,145</td><td>-4,017</td><td>147</td><td>-401</td><td>3,883</td><td>-388</td><td>6,969</td><td>259,105</td><td>46</td><td>259,151</td></tr><tr><td>1953</td><td>65,218</td><td>74,607</td><td>-9,389</td><td>437</td><td>-312</td><td>6,966</td><td>-2,299</td><td>4,670</td><td>266,071</td><td>52</td><td>266,123</td></tr><tr><td>1954 (Est.)</td><td>68,305</td><td>72,116</td><td>-3,811</td><td>53</td><td>59</td><td>5,029</td><td>1,330</td><td>6,000</td><td>271,100</td><td>27</td><td>271,127</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td colspan="3"></td><td></td></tr><tr><td>1942</td><td>16,290</td><td>57,751</td><td>-41,461</td><td>-1,788</td><td>-</td><td>50,238</td><td>6,983</td><td>10,543</td><td>108,170</td><td>4,301</td><td>112,471</td></tr><tr><td>1943</td><td>34,483</td><td>90,174</td><td>-55,691</td><td>-266</td><td>-</td><td>57,707</td><td>1,751</td><td>12,294</td><td>155,877</td><td>4,230</td><td>170,108</td></tr><tr><td>1944</td><td>43,531</td><td>97,181</td><td>-53,650</td><td>-1,151</td><td>-</td><td>61,651</td><td>9,151</td><td>22,835</td><td>230,635</td><td>1,514</td><td>232,366</td></tr><tr><td>1945</td><td>43,928</td><td>87,522</td><td>-43,594</td><td>-1,223</td><td>-</td><td>47,488</td><td>3,767</td><td>26,003</td><td>278,615</td><td>567</td><td>278,682</td></tr><tr><td>1946</td><td>38,810</td><td>41,322</td><td>-8,512</td><td>-1,362</td><td>362</td><td>-18,905</td><td>-22,502</td><td>3,502</td><td>259,149</td><td>339</td><td>259,487</td></tr><tr><td>1947</td><td>41,010</td><td>38,576</td><td>2,434</td><td>-350</td><td>-240</td><td>-2,249</td><td>-405</td><td>3,097</td><td>256,900</td><td>81</td><td>256,981</td></tr><tr><td>1948</td><td>41,450</td><td>36,209</td><td>5,241</td><td>-229</td><td>199</td><td>-4,100</td><td>1,111</td><td>4,208</td><td>252,800</td><td>55</td><td>252,854</td></tr><tr><td>1949</td><td>38,122</td><td>41,714</td><td>-3,592</td><td>-502</td><td>234</td><td>4,331</td><td>472</td><td>4,679</td><td>257,130</td><td>30</td><td>257,160</td></tr><tr><td>1950</td><td>37,834</td><td>38,255</td><td>4,228</td><td>311</td><td>87</td><td>-423</td><td>-447</td><td>4,232</td><td>256,708</td><td>24</td><td>256,731</td></tr><tr><td>1951</td><td>53,488</td><td>56,846</td><td>-3,358</td><td>815</td><td>-106</td><td>2,711</td><td>62</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td></tr><tr><td>1952</td><td>65,263</td><td>71,360</td><td>-5,094</td><td>-41</td><td>-319</td><td>7,973</td><td>1,770</td><td>6,064</td><td>267,331</td><td>54</td><td>267,345</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td colspan="3"></td><td></td></tr><tr><td>1951-January</td><td>4,448</td><td>3,808</td><td>640</td><td>-83</td><td>247</td><td>-583</td><td>221</td><td>4,434</td><td>256,125</td><td>18</td><td>256,143</td></tr><tr><td>February</td><td>4,257</td><td>3,211</td><td>1,047</td><td>227</td><td>-161</td><td>-184</td><td>269</td><td>5,382</td><td>255,941</td><td>18</td><td>255,958</td></tr><tr><td>March</td><td>8,112</td><td>4,050</td><td>4,062</td><td>-38</td><td>111</td><td>-944</td><td>3,167</td><td>8,569</td><td>254,997</td><td>21</td><td>255,018</td></tr><tr><td>April</td><td>2,626</td><td>4,381</td><td>-1,754</td><td>-465</td><td>106</td><td>-270</td><td>-1,634</td><td>6,195</td><td>254,785</td><td>21</td><td>254,748</td></tr><tr><td>May</td><td>3,145</td><td>4,517</td><td>-1,370</td><td>136</td><td>-304</td><td>366</td><td>-1,173</td><td>5,782</td><td>255,093</td><td>29</td><td>255,122</td></tr><tr><td>June</td><td>7,089</td><td>5,969</td><td>1,119</td><td>284</td><td>43</td><td>129</td><td>1,574</td><td>7,357</td><td>255,222</td><td>29</td><td>255,251</td></tr><tr><td>July</td><td>2,572</td><td>4,739</td><td>-2,168</td><td>11</td><td>-14</td><td>435</td><td>-1,737</td><td>5,680</td><td>255,697</td><td>28</td><td>255,695</td></tr><tr><td>August</td><td>3,594</td><td>5,087</td><td>-1,493</td><td>83</td><td>-103</td><td>988</td><td>-525</td><td>5,095</td><td>256,644</td><td>32</td><td>256,677</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>1,822</td><td>6,916</td><td>257,353</td><td>33</td><td>257,386</td></tr><tr><td>October</td><td>2,535</td><td>5,483</td><td>-2,847</td><td>-55</td><td>-86</td><td>945</td><td>-2,042</td><td>4,874</td><td>258,298</td><td>37</td><td>258,335</td></tr><tr><td>November</td><td>3,521</td><td>5,178</td><td>-1,658</td><td>82</td><td>20</td><td>1,306</td><td>-250</td><td>4,684</td><td>259,504</td><td>43</td><td>259,047</td></tr><tr><td>December</td><td>5,279</td><td>5,627</td><td>-347</td><td>196</td><td>7</td><td>-136</td><td>-329</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td></tr><tr><td>1952-January</td><td>4,953</td><td>5,455</td><td>-501</td><td>-374</td><td>103</td><td>357</td><td>-415</td><td>3,879</td><td>259,775</td><td>38</td><td>259,813</td></tr><tr><td>February</td><td>5,533</td><td>5,105</td><td>448</td><td>186</td><td>-25</td><td>587</td><td>1,196</td><td>5,075</td><td>260,362</td><td>37</td><td>260,399</td></tr><tr><td>March</td><td>9,886</td><td>5,704</td><td>4,182</td><td>106</td><td>-245</td><td>-2,278</td><td>1,765</td><td>6,040</td><td>258,084</td><td>41</td><td>258,124</td></tr><tr><td>April</td><td>4,323</td><td>6,016</td><td>-1,693</td><td>-291</td><td>329</td><td>209</td><td>-1,447</td><td>5,393</td><td>258,292</td><td>44</td><td>258,337</td></tr><tr><td>May</td><td>3,809</td><td>5,659</td><td>-1,850</td><td>357</td><td>-91</td><td>1,613</td><td>28</td><td>5,421</td><td>259,905</td><td>45</td><td>259,951</td></tr><tr><td>June</td><td>9,796</td><td>6,930</td><td>2,866</td><td>-192</td><td>-326</td><td>-800</td><td>1,948</td><td>6,969</td><td>259,105</td><td>46</td><td>259,151</td></tr><tr><td>July</td><td>3,316</td><td>6,748</td><td>-3,426</td><td>-17</td><td>432</td><td>3,968</td><td>957</td><td>7,925</td><td>263,073</td><td>34</td><td>263,107</td></tr><tr><td>August</td><td>4,050</td><td>9,018</td><td>-4,968</td><td>177</td><td>-195</td><td>1,113</td><td>-373</td><td>6,952</td><td>263,105</td><td>39</td><td>263,825</td></tr><tr><td>September</td><td>6,158</td><td>6,070</td><td>515</td><td>422</td><td>-229</td><td>-504</td><td>204</td><td>7,136</td><td>262,628</td><td>40</td><td>262,723</td></tr><tr><td>October</td><td>3,299</td><td>6,381</td><td>-3,283</td><td>-252</td><td>326</td><td>2,838</td><td>-881</td><td>6,175</td><td>264,912</td><td>45</td><td>264,964</td></tr><tr><td>November</td><td>4,151</td><td>5,161</td><td>-1,009</td><td>201</td><td>-243</td><td>2,513</td><td>1,461</td><td>7,156</td><td>257,432</td><td>51</td><td>257,483</td></tr><tr><td>December</td><td>6,003</td><td>7,124</td><td>-1,121</td><td>-265</td><td>-145</td><td>-41</td><td>-1,572</td><td>6,064</td><td>267,331</td><td>54</td><td>267,345</td></tr><tr><td>1953-January</td><td>5,061</td><td>5,737</td><td>-576</td><td>-111</td><td>401</td><td>11</td><td>-376</td><td>5,698</td><td>267,402</td><td>48</td><td>267,450</td></tr><tr><td>February</td><td>5,199</td><td>5,999</td><td>-816</td><td>272</td><td>-2</td><td>182</td><td>335</td><td>6,098</td><td>267,834</td><td>50</td><td>267,844</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>834</td><td>6,908</td><td>264,185</td><td>51</td><td>264,356</td></tr><tr><td>April</td><td>2,849</td><td>6,362</td><td>-3,513</td><td>-207</td><td>289</td><td>105</td><td>-3,326</td><td>3,582</td><td>264,590</td><td>52</td><td>264,462</td></tr><tr><td>May</td><td>4,380</td><td>6,241</td><td>-1,862</td><td>416</td><td>-488</td><td>1,930</td><td>97</td><td>3,639</td><td>266,580</td><td>52</td><td>266,578</td></tr><tr><td>June</td><td>9,744</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><td>266,123</td></tr><tr><td>July</td><td>3,308</td><td>6,068</td><td>-2,759</td><td>-234</td><td>466</td><td>6,598</td><td>4,071</td><td>8,741</td><td>272,669</td><td>63</td><td>272,732</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><td>273,269</td></tr><tr><td>September</td><td>6,041</td><td>6,119</td><td>-79</td><td>35</td><td>117</td><td>-269</td><td>-196</td><td>7,478</td><td>272,937</td><td>64</td><td>273,001</td></tr><tr><td>October</td><td>2,659</td><td>5,477</td><td>-2,818</td><td>-218</td><td>235</td><td>449</td><td>-2,332</td><td>5,126</td><td>273,336</td><td>66</td><td>273,452</td></tr></table>
Source: Actual figures from Daily Treasury Statement; estimates based on "Review of 1954 Budget" released August 27, 1953. More detailed information with respect to the figures on this page is given in succeeding table.
1/ Gross receipts less appropriations to the Federal Old-Age and Survivors Insurance Trust Fund and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 11b (f) of the Economic Cooperation Act of
1948 (62 Stat. 150), are consolidated with budget expenditures. Beginning with the fiscal year 1951, investments of wholly owned Government corporations in public debt securities are excluded from budget expenditures, and included with other such investments under "Trust Account and Other Transactions". Excess of receipts, or expenditures (-). For outstanding checks and interest coupons, and telegraphic reports from Federal Reserve Banks; excess of receipts, or expenditures (-).
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="6">Internal revenue 1/</th><th rowspan="2">Customs</th><th rowspan="2">Other receipts 1/</th><th rowspan="2">Grose receipts</th><th colspan="3">Deductions</th></tr><tr><th>Corporations 2/</th><th>Individual, not with held 2/ 3/</th><th>Withheld by employers 4/</th><th>Total 5/</th><th>Employment taxes 6/</th><th>Miscellaneous internal revenue</th><th>Total internal revenue</th><th>Appropriations to FOASI Trust Fund 8/</th><th>Refunds of receipts 2/</th><th>Net receipts</th></tr><tr><td>1946</td><td>21,493</td><td></td><td>9,392</td><td>30,885</td><td>1,701</td><td>7,725</td><td>40,310</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>19,292</td><td></td><td>10,013</td><td>29,306</td><td>2,024</td><td>8,049</td><td>39,379</td><td>494</td><td>4,635</td><td>44,508</td><td>1,459</td><td>3,006</td><td>40,043</td></tr><tr><td>1948</td><td>19,735</td><td></td><td>11,436</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>2,272</td><td>42,211</td></tr><tr><td>1949</td><td>19,541</td><td></td><td>9,842</td><td>29,383</td><td>2,477</td><td>8,348</td><td>40,307</td><td>384</td><td>2,092</td><td>42,774</td><td>1,690</td><td>2,838</td><td>38,286</td></tr><tr><td>1950</td><td>18,189</td><td></td><td>10,073</td><td>28,263</td><td>2,883</td><td>8,303</td><td>39,449</td><td>423</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>28,218</td><td></td><td>13,535</td><td>37,753</td><td>3,931</td><td>9,423</td><td>51,106</td><td>684</td><td>1,639</td><td>53,369</td><td>3,120</td><td>2,107</td><td>48,143</td></tr><tr><td>1952</td><td>32,806</td><td></td><td>16,521</td><td>51,347</td><td>4,362</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>33,101</td><td></td><td>25,058</td><td>58,073</td><td>4,988</td><td>10,870</td><td>69,931</td><td>613</td><td>1,912</td><td>72,455</td><td>4,086</td><td>3,151</td><td>65,218</td></tr><tr><td>1953-January</td><td>3,111</td><td></td><td>989</td><td>3,983</td><td>147</td><td>842</td><td>4,972</td><td>51</td><td>209</td><td>5,232</td><td>117</td><td>54</td><td>5,061</td></tr><tr><td>February</td><td>1,479</td><td></td><td>3,544</td><td>4,538</td><td>757</td><td>856</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>8,551</td><td></td><td>2,102</td><td>10,229</td><td>490</td><td>933</td><td>11,712</td><td>56</td><td>102</td><td>11,870</td><td>425</td><td>944</td><td>10,502</td></tr><tr><td>April</td><td>1,837</td><td></td><td>1,170</td><td>2,774</td><td>247</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>2,989</td></tr><tr><td>May</td><td>4,90</td><td></td><td>3,399</td><td>3,373</td><td>625</td><td>922</td><td>4,920</td><td>51</td><td>169</td><td>5,140</td><td>516</td><td>244</td><td>4,380</td></tr><tr><td>June</td><td>6,986</td><td></td><td>2,138</td><td>8,105</td><td>474</td><td>939</td><td>10,117</td><td>52</td><td>154</td><td>10,323</td><td>420</td><td>159</td><td>9,744</td></tr><tr><td>July</td><td>651</td><td>476</td><td>1,252</td><td>2,171</td><td>224</td><td>937</td><td>3,332</td><td>58</td><td>235</td><td>3,619</td><td>206</td><td>105</td><td>3,308</td></tr><tr><td>August</td><td>326</td><td>79</td><td>3,499</td><td>3,305</td><td>626</td><td>935</td><td>4,966</td><td>47</td><td>140</td><td>5,153</td><td>519</td><td>65</td><td>4,568</td></tr><tr><td>September</td><td>1,636</td><td>1,689</td><td>1,838</td><td>4,364</td><td>354</td><td>981</td><td>6,199</td><td>50</td><td>132</td><td>6,402</td><td>299</td><td>63</td><td>6,041</td></tr><tr><td>1954 to date</td><td>2,613</td><td>2,242</td><td>6,588</td><td>10,420</td><td>1,204</td><td>2,873</td><td>14,497</td><td>149</td><td>527</td><td>15,173</td><td>1,024</td><td>233</td><td>13,917</td></tr></table>
Source: Daily Treasury Statement
Footnotes follow Table 2.
Table 2.- Expenditures by Major Classifications
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total 10/</th><th>National defense and related activities</th><th>International finance and aid</th><th>Interest on the public debt 11/</th><th>Veterans' Administration 12/</th><th>Other</th></tr><tr><td>1946</td><td>60,703</td><td>48,870</td><td>727</td><td>4,722</td><td>4,253</td><td>2,133</td></tr><tr><td>1947</td><td>39,289</td><td>16,812</td><td>4,228</td><td>4,958</td><td>7,259</td><td>5,332</td></tr><tr><td>1948</td><td>33,791 13/</td><td>11,500</td><td>4,213 13/</td><td>5,211</td><td>6,469</td><td>6,167</td></tr><tr><td>1949</td><td>40,057 13/</td><td>12,158</td><td>6,016 13/</td><td>5,339</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>6,517</td><td>10,965</td></tr><tr><td>1951</td><td>44,633</td><td>19,955</td><td>4,469</td><td>5,613</td><td>5,333</td><td>9,263</td></tr><tr><td>1952</td><td>66,115</td><td>33,033 14/</td><td>4,917</td><td>5,899</td><td>4,992</td><td>11,384</td></tr><tr><td>1953</td><td>74,607</td><td>44,584</td><td>5,788</td><td>6,508</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>1,223</td></tr><tr><td>February</td><td>5,595</td><td>3,501</td><td>168</td><td>311</td><td>349</td><td>965</td></tr><tr><td>March</td><td>6,187</td><td>3,789</td><td>690</td><td>563</td><td>364</td><td>781</td></tr><tr><td>April</td><td>6,362</td><td>3,891</td><td>468</td><td>372</td><td>351</td><td>1,201</td></tr><tr><td>May</td><td>6,241</td><td>3,746</td><td>547</td><td>179</td><td>350</td><td>1,118</td></tr><tr><td>June</td><td>7,988</td><td>4,056</td><td>560</td><td>1,882</td><td>349</td><td>1,141</td></tr><tr><td>July</td><td>6,068</td><td>3,890</td><td>258</td><td>237</td><td>369</td><td>1,014</td></tr><tr><td>August</td><td>6,042</td><td>3,519</td><td>437</td><td>206</td><td>351</td><td>1,589</td></tr><tr><td>September</td><td>6,119</td><td>3,787</td><td>390</td><td>560</td><td>327</td><td>1,055</td></tr><tr><td>1954 to date</td><td>18,228</td><td>11,196</td><td>1,385</td><td>1,003</td><td>1,047</td><td>3,598</td></tr></table>
Source: Daily Treasury Statement.
1/ For further detail, see tables under "Internal Revenue Collections."
2/ Except between corporations and for profits taxes and individual income tax not withheld is not available prior to July 1953.
3/ Fiscal year 1953 and monthly figures include old-age insurance tax on self-employment income, because this tax is not separable currently from income tax not withheld. Prior fiscal year figures exclude old-age insurance tax, on the basis of estimated beginning 1952. For further explanation, see footnote 8.
4/ 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 employee and employee, because these taxes are now payable current. Prior fiscal year figures, for fiscal year figures exclude old-age insurance taxes, on the basis of estimates beginning 1951. For further explanation, see footnote 8.
Partly estimated beginning January 1951 (see footnote 8). Fiscal year 1953 and monthly figures will not add to this total (see footnotes 3 and 4). 
Collection 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 8. Railroad unemployment insurance contributions for administrative expenses are included in "Other receipts". 
Includes proceeds from sale of surplus property and from Government-over-all-surplus fund deposits resulting from renegotiation of war contracts (see "Treasury Bulletin" for February 1948, page 5); and repayments on credit to United Kingdom (see Table 4).
Footnotes 8 and 9 on page 3 and 10 through 32 on page 4.
November 1955
3
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures for National Defense and Related Activities
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Office of Secretary of Defense 15/</th><th>Air Force 16/</th><th>Army 17/</th><th>Navy 18/</th><th>Payments under Armed Forces Leave Act</th><th>UNRRA</th><th>Surplus property disposal</th><th>Strategic and critical materials 19/</th><th>Other 20/</th></tr><tr><td>1946</td><td>4,8,870</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>1,501</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>325</td><td>99</td><td>321</td></tr><tr><td>1949</td><td>12,158</td><td>5</td><td>1,690</td><td>5,417</td><td>4,412</td><td>10</td><td>25</td><td>98</td><td>299</td><td>202</td></tr><tr><td>1950</td><td>12,346</td><td>161</td><td>3,506</td><td>4,058</td><td>4,110</td><td>1</td><td>*</td><td>7</td><td>439</td><td>65</td></tr><tr><td>1951</td><td>19,955</td><td>343</td><td>6,238</td><td>6,867</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 18/</td><td>402</td><td>12,350 18/</td><td>15,370 18/</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>44,584</td><td>410</td><td>18,882</td><td>16,497</td><td>11,776</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>1,285</td><td>1,211</td><td>1,080</td><td>*</td><td>-</td><td>-</td><td>76</td><td>9</td></tr><tr><td>February</td><td>3,501</td><td>53</td><td>1,088</td><td>1,315</td><td>964</td><td>*</td><td>-</td><td>-</td><td>71</td><td>11</td></tr><tr><td>March</td><td>3,789</td><td>32</td><td>1,294</td><td>1,293</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>32</td><td>1,285</td><td>1,399</td><td>1,114</td><td>*</td><td>-</td><td>-</td><td>58</td><td>9</td></tr><tr><td>May</td><td>3,746</td><td>36</td><td>1,214</td><td>1,420</td><td>1,003</td><td>*</td><td>-</td><td>-</td><td>66</td><td>8</td></tr><tr><td>June</td><td>4,056</td><td>39</td><td>1,339</td><td>1,488</td><td>1,058</td><td>*</td><td>-</td><td>-</td><td>65</td><td>11</td></tr><tr><td>July</td><td>3,890</td><td>36</td><td>1,447</td><td>1,432</td><td>899</td><td>*</td><td>-</td><td>-</td><td>66</td><td>10</td></tr><tr><td>August</td><td>3,519</td><td>35</td><td>1,210</td><td>1,293</td><td>925</td><td>*</td><td>-</td><td>-</td><td>47</td><td>10</td></tr><tr><td>September</td><td>3,787</td><td>32</td><td>1,302</td><td>1,383</td><td>1,019</td><td>*</td><td>-</td><td>-</td><td>43</td><td>9</td></tr><tr><td>1954 to date</td><td>11,196</td><td>103</td><td>3,958</td><td>4,108</td><td>2,843</td><td>*</td><td>-</td><td>-</td><td>156</td><td>29</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>Bratton Woods Agreement Act</th><th>Export-Import Bank 21/</th><th>Credit to United Kingdom 22/</th><th>Government and relief in occupied areas</th><th>Greek-Turkish Assistance</th><th colspan="3">Mutual Security Act 23/</th><th>Other 26/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Economic and technical assistance 24/</th><th>Military assistance 25/</th><th>Other</th><th></th></tr><tr><td>1946.</td><td>727</td><td>159</td><td>568</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1947.</td><td>4,928</td><td>1,426</td><td>938</td><td>2,050</td><td>514</td><td>-</td><td>-</td><td>-</td><td>-</td><td>803</td></tr><tr><td>1948.</td><td>4,143 13/</td><td>-</td><td>465</td><td>1,700</td><td>881</td><td>161</td><td>134 13/</td><td>-</td><td>-</td><td>420</td></tr><tr><td>1949.</td><td>6,016 13/</td><td>-</td><td>460</td><td>-</td><td>1,333</td><td>279</td><td>1,043 13/</td><td>-</td><td>-</td><td>170</td></tr><tr><td>1950.</td><td>4,689</td><td>-</td><td>45</td><td>-</td><td>779</td><td>126</td><td>3,253</td><td>89</td><td>-</td><td>58</td></tr><tr><td>1951.</td><td>4,469</td><td>-</td><td>88</td><td>-</td><td>370</td><td>65</td><td>3,006</td><td>-</td><td>47</td><td>256</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>47</td><td>90</td></tr><tr><td>1953.</td><td>5,788</td><td>-</td><td>113</td><td>-</td><td>48</td><td>4</td><td>1,724</td><td>3,760</td><td>-</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>590</td><td>-</td><td>-10</td><td>-</td><td>3</td><td>*</td><td>156</td><td>523</td><td>3</td><td>15</td></tr><tr><td>April.</td><td>468</td><td>-</td><td>-23</td><td>-</td><td>2</td><td>*</td><td>114</td><td>366</td><td>3</td><td>7</td></tr><tr><td>May.</td><td>547</td><td>-</td><td>47</td><td>-</td><td>4</td><td>*</td><td>200</td><td>285</td><td>3</td><td>10</td></tr><tr><td>June.</td><td>560</td><td>-</td><td>63</td><td>-</td><td>3</td><td>*</td><td>148</td><td>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><tr><td>August.</td><td>437</td><td>-</td><td>143</td><td>-</td><td>2</td><td>*</td><td>80</td><td>197</td><td>4</td><td>11</td></tr><tr><td>September.</td><td>390</td><td>-</td><td>53</td><td>-</td><td>1</td><td>*</td><td>91</td><td>232</td><td>3</td><td>9</td></tr><tr><td>1954 to date....</td><td>1,385</td><td>-</td><td>182</td><td>-</td><td>5</td><td>*</td><td>266</td><td>881</td><td>10</td><td>41</td></tr></table>
Source: Daily Treasury Statement.
Footnotes 1 through 7 on page 2 and 10 through 32 on page 4. 
8 Amicote appropriated to the Federal Old-Age and Survivors Insurance Trust Fund are equivalent to the amounts of taxes collected and deposited for Old-Age Insurance (section 141, Internal Revenue Code). 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 taxes on employers and employees 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 is paid into the Treasury collected and allocated as part of the individual income tax, beginning with the taxable year 1951. 
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 as required by law, and are adjusted in later transfers on the basis of wage and self-employment income for the intermediate period from 1951 to date of adjustment. For purposes of this table, the amounts credited to the trust fund beginning January 1951 represent estimated receipts of old-age insurance taxes for corresponding periods. Accordingly, these amounts are included under employment taxes and excluded from total income and profits taxes as shown in this table. Adjustments for the years 1951 to 1953 for individual income tax withheld and not withheld is estimated only on a fiscal year basis. This estimate for 1953 is not yet available. Figures for June 1953 include adjustments by increase in amounts transferred as appropriations as follows: $53 million based on records of self-employment income for calendar year 1951 and $35 million based on records of wages for calendar year ending September 30 and December 31, 1952.
4
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- "Other" Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Agriculture 27/</th><th>Commerce 28/</th><th>Housing and home finance 29/</th><th>Postal deficit</th><th>Public works 30/</th><th>Reconstruction Finance Corporation 31/</th><th>Social security program</th><th>Atomic Energy Commission</th><th>Miscellaneous 32/</th></tr><tr><td>1946</td><td>2,133</td><td>-203</td><td>08</td><td>-246</td><td>161</td><td>139</td><td>-23</td><td>84</td><td>-</td><td>1,142</td></tr><tr><td>1947</td><td>5,332</td><td>1,226</td><td>149</td><td>129</td><td>242</td><td>650</td><td>215</td><td>1,066</td><td>159</td><td>1,156</td></tr><tr><td>1948</td><td>6,467</td><td>782</td><td>172</td><td>-68</td><td>310</td><td>1,126</td><td>438</td><td>1,619</td><td>456</td><td>1,633</td></tr><tr><td>1949</td><td>9,666</td><td>2,658</td><td>239</td><td>-56</td><td>524</td><td>1,539</td><td>314</td><td>1,696</td><td>647</td><td>2,124</td></tr><tr><td>1950</td><td>10,865</td><td>2,986</td><td>385</td><td>-270</td><td>593</td><td>1,575</td><td>589</td><td>1,967</td><td>524</td><td>2,515</td></tr><tr><td>1951</td><td>9,263</td><td>635</td><td>378</td><td>460</td><td>624</td><td>1,458</td><td>-71</td><td>2,027</td><td>908</td><td>2,844</td></tr><tr><td>1952</td><td>11,388</td><td>1,219</td><td>528</td><td>614</td><td>740</td><td>1,515</td><td>-169</td><td>2,203</td><td>1,648</td><td>3,086</td></tr><tr><td>1953</td><td>13,393</td><td>3,063</td><td>477</td><td>382</td><td>660</td><td>1,655</td><td>-86</td><td>2,253</td><td>1,802</td><td>3,185</td></tr><tr><td>1953-January</td><td>1,123</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>965</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>781</td><td>281</td><td>46</td><td>-3</td><td>-30</td><td>88</td><td>-28</td><td>62</td><td>157</td><td>207</td></tr><tr><td>April</td><td>1,281</td><td>293</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>1,418</td><td>581</td><td>38</td><td>66</td><td>-</td><td>155</td><td>-15</td><td>215</td><td>153</td><td>224</td></tr><tr><td>June</td><td>1,141</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><tr><td>August</td><td>1,529</td><td>377</td><td>63</td><td>95</td><td>160</td><td>155</td><td>3</td><td>214</td><td>157</td><td>305</td></tr><tr><td>September</td><td>1,055</td><td>275</td><td>49</td><td>34</td><td>-</td><td>158</td><td>4</td><td>155</td><td>155</td><td>225</td></tr><tr><td>1954 to date</td><td>3,598</td><td>906</td><td>149</td><td>50</td><td>160</td><td>487</td><td>-11</td><td>598</td><td>429</td><td>830</td></tr></table>
Source: Daily Treasury Statement.
Footnote 1 through 7 on page 2 and 8 and 9 on page 3.
10/ Expenditures are "net", after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and credits credited to the federal accounts of corporations and agencies having authority to use collections without formal covering into the Treasury. The figures include transfers to trust accounts and net transactions of wholly owned Government corporations and agencies. They exclude investments of these corporations and agencies in public debt securities beginning 1971, when these were combined with similar investments of trust funds and accounts, and public debt retirements chargeable to the sinking fund, etc., under special provisions of law. Payments to the Treasury, principally by wholly owned Government corporations, for retirement of capital stock and disposition of earnings are excluded from both receipts and expenditures. Further information on those capital transfers may be found in the 1972 Annual Report of the Secretary of the Treasury, pages 512 and 513.
11/ Beginning November 1949, interest on the public debt is reported as an expenditure when such interest becomes due and payable, as distinguished from the previous practice of showing the expenditure on the basis of interest paid by the Treasurer of the United States.
12/ Includes public works undertaken by the Veterans' Administration.
13/ Includes transactions relating to the Foreign Economic Cooperation Trust Fund (see page 1).
14/ Net transactions by the Departments of the Air Force and the Army relating to "Deposit fund accounts" are included under "Trust Account and Other Transactions" instead of "Budget Receipts and Expenditures" beginning 1952.
15/ Includes retired pay for the military services beginning September 1949.
16/ Department of the Air Force expenditures, excluding those made on behalf of this department out of appropriations to the Department of the Army.
17/ Department of the Army expenditures, excluding the following: those included elsewhere in Table 3; international finance and aid, as shown in Table 4; river and harbor works and flood control, included in Table 5 under "Public works"; and Panama Canal.
Defense expenditures of the Panama Canal through 1947 are included in Table 3 under "Other"; nondefense expenditures are included in Table 5 under "Miscellaneous". Figures include certain expenditures on behalf of the Department of the Air Force (see footnote 16).
18/ Department of the Navy expenditures, excluding those included elsewhere in Table 3 and those for international finance and aid shown in Table 4.
19/ Not classified separately prior to 1947.
20/ Through 1947 includes "war" and "national defense" expenditures of various departments and agencies, including the Reconstruction Finance Corporation; expenditures of the United States Maritime Commission, the War Shipping Administration, and the Office of the Secretary and the National Advisory Committee for Aeronautics (1947 only). After 1947, consists of: United States Maritime Commission, and War Shipping Administration in liquidation, through 1949; Selective Service System; National Advisory Committee for Aeronautics; and certain small Defense Department items.
21/ Excludes Bank expenditures under the Mutual Security Act and the preceding Act.
22/ Under the Financial Agreement of December 6, 1945. First repayment became due on December 31, 1951, when payments were made of $44 million principal and $75 million interest. Payments on December 31, 1952, were $45 million principal and $74 million interest.
23/ Act of October 10, 1951 (64 Stat. 373).
24/ Prior to July 1951, consists of expenditures under the Economic Cooperation Act.
25/ Prior to July 1951, consists of expenditures for mutual defense assistance, includes principally relief to countries devastated by war, various other foreign relief programs, international children's emergency funds, and loan for infrastructure furnishing to United Nations Headquarters.
26/ Department of Agriculture expenditures, excluding those included in Table 5 under "Public works".
27/ Department of Commerce expenditures, excluding those included in Table 3 and 4 and those for public roads included in Table 5 under "Public works".
28/ Includes U.S. Maritime Commission for 26 months of 1950, until it was abolished and its functions were transferred into the Department of Commerce by Reorganization Plan No. 21 of 1950.
29/ Housing and Home Finance Agency expenditures excluding those in Table 3; beginning September 1950, includes Federal National Mortgage Association and prefabricated housing loans program, which were transferred from the Reconstruction Finance Corporation by Reorganization Plans Nos. 22 and 23 of 1950.
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 Army; public roads 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, consisting of construction only, beginning 1950; Bureau of Community Facilities in the Federal Works Agency until the Bureau was abolished; and other Federal WorksAgency expenditures except those in Table 3 until the Agency was abolished.
31/ Excludes "war" and "national defense" expenditures, included in Table 3.
32/ Includes expenditures for executive departments and other agencies not included elsewhere for legislative and judicial functions.
* Less than $500,000
November 1955
5
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Social Security Act - Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Excess of net receipts, or expenditures (-) 1/</th><th colspan="3">Gross receipts</th><th colspan="3">Receipts</th><th rowspan="2">Deductions</th><th rowspan="2">Refunds of social security taxes 2/</th><th rowspan="2">Net receipt</th></tr><tr><th>Total</th><th>For old-age insurance 2/</th><th>For unemployment insurance 3/</th><th>Appropriations to Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th>Refunds of social security taxes 2/</th></tr><tr><td>1945</td><td>-306.7</td><td>1,494.5</td><td>1,309.9</td><td>184.5</td><td>1,309.9</td><td>7.2</td><td>177.4</td></tr><tr><td>1946</td><td>-363.5</td><td>1,418.1</td><td>1,238.2</td><td>179.9</td><td>1,238.2</td><td>5.8</td><td>174.1</td></tr><tr><td>1947</td><td>-573.1</td><td>1,644.3</td><td>1,459.5</td><td>184.8</td><td>1,459.5</td><td>8.2</td><td>176.7</td></tr><tr><td>1948</td><td>-639.7</td><td>1,834.1</td><td>1,616.2</td><td>207.9</td><td>1,616.2</td><td>7.2</td><td>200.7</td></tr><tr><td>1949</td><td>-689.9</td><td>1,933.1</td><td>1,690.3</td><td>222.8</td><td>1,690.3</td><td>9.7</td><td>213.1</td></tr><tr><td>1950</td><td>-1,155.0</td><td>2,332.7</td><td>2,106.4</td><td>226.3</td><td>2,106.4</td><td>9.9</td><td>216.4</td></tr><tr><td>1951</td><td>-1,192.1</td><td>3,323.1</td><td>3,119.5</td><td>233.5</td><td>3,119.5</td><td>12.2</td><td>221.3</td></tr><tr><td>1952</td><td>-1,173.6</td><td>3,827.5</td><td>3,568.6</td><td>258.9</td><td>3,568.6</td><td>9.6</td><td>249.4</td></tr><tr><td>1953</td><td>-1,316.9</td><td>4,362.1</td><td>4,086.3</td><td>275.8</td><td>4,086.3</td><td>5.4</td><td>270.4</td></tr><tr><td>1953-January</td><td>-164.5</td><td>333.1</td><td>117.4</td><td>15.7</td><td>117.4</td><td>.5</td><td>15.2</td></tr><tr><td>February</td><td>72.8</td><td>667.3</td><td>489.6</td><td>181.7</td><td>489.6</td><td>.4</td><td>181.3</td></tr><tr><td>March</td><td>3.9</td><td>438.6</td><td>424.5</td><td>14.0</td><td>424.5</td><td>.3</td><td>13.7</td></tr><tr><td>April</td><td>-237.2</td><td>234.2</td><td>232.4</td><td>1.7</td><td>232.4</td><td>.4</td><td>1.3</td></tr><tr><td>May</td><td>-105.4</td><td>535.2</td><td>519.6</td><td>19.6</td><td>519.6</td><td>.4</td><td>19.2</td></tr><tr><td>June</td><td>-126.2</td><td>420.8</td><td>419.6</td><td>1.2</td><td>419.6</td><td>.4</td><td>.8</td></tr><tr><td>July</td><td>-173.1</td><td>209.6</td><td>205.6</td><td>3.9</td><td>205.6</td><td>.4</td><td>3.6</td></tr><tr><td>August</td><td>-106.9</td><td>532.4</td><td>513.4</td><td>13.0</td><td>513.4</td><td>.5</td><td>12.5</td></tr><tr><td>September</td><td>-99.0</td><td>300.9</td><td>298.6</td><td>2.4</td><td>298.6</td><td>.5</td><td>1.9</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th rowspan="2">Administrative expenses $</th><th rowspan="2">Transfers to P.O.A.S.I. Trust Fund</th><th colspan="7">Expenditures</th></tr><tr><th>Total</th><th>Old-age assistance</th><th>Aid to dependent children</th><th>Aid to the blind</th><th>Aid to disabled 1/</th><th>Maternal and child health</th><th>Crippled children</th><th>Child welfare</th><th>Bureau of Employment Security 2/</th></tr><tr><td>1945</td><td>488.1</td><td>32.2</td><td>-</td><td>451.9 2/</td><td>333.6</td><td>52.8</td><td>10.0</td><td>-</td><td>5.4</td><td>3.3</td><td>1.4</td><td>34.4</td></tr><tr><td>1946</td><td>537.6</td><td>39.2</td><td>-</td><td>498.4 2/</td><td>361.2</td><td>59.3</td><td>10.3</td><td>-</td><td>6.3</td><td>4.2</td><td>1.3</td><td>55.6</td></tr><tr><td>1947</td><td>750.0</td><td>25.5</td><td>.4</td><td>724.1</td><td>515.7</td><td>113.4</td><td>14.9</td><td>-</td><td>10.7</td><td>7.5</td><td>2.0</td><td>59.8</td></tr><tr><td>1948</td><td>840.1</td><td>20.1</td><td>.7</td><td>819.6</td><td>573.1</td><td>141.7</td><td>16.9</td><td>-</td><td>10.5</td><td>7.4</td><td>3.4</td><td>66.6</td></tr><tr><td>1949</td><td>1,103.0</td><td>14.6</td><td>3.3</td><td>1,085.1</td><td>710.8</td><td>190.0</td><td>20.3</td><td>-</td><td>11.3</td><td>8.2</td><td>3.7</td><td>140.7</td></tr><tr><td>1950</td><td>1,371.4</td><td>14.1</td><td>3.6</td><td>1,353.7</td><td>843.2</td><td>256.1</td><td>24.2</td><td>-</td><td>11.2</td><td>7.6</td><td>3.9</td><td>207.5</td></tr><tr><td>1951</td><td>1,425.4</td><td>17.8</td><td>3.7</td><td>1,391.8</td><td>866.1</td><td>316.5</td><td>28.2</td><td>17.0</td><td>12.9</td><td>9.7</td><td>5.5</td><td>178.0</td></tr><tr><td>1952</td><td>1,423.0</td><td>24.0</td><td>3.7</td><td>1,395.2</td><td>799.8</td><td>303.3</td><td>29.4</td><td>45.2</td><td>12.7</td><td>11.1</td><td>7.2</td><td>186.5</td></tr><tr><td>1953</td><td>1,587.3</td><td>23.7</td><td>-</td><td>1,563.6</td><td>899.4</td><td>338.5</td><td>32.7</td><td>59.3</td><td>13.3</td><td>11.8</td><td>6.4</td><td>202.2</td></tr><tr><td>1953-February</td><td>179.7</td><td>1.9</td><td>-</td><td>177.8</td><td>84.7</td><td>32.6</td><td>2.9</td><td>5.2</td><td>1.7</td><td>.9</td><td>.5</td><td>49.3</td></tr><tr><td>February</td><td>108.5</td><td>1.9</td><td>-</td><td>106.6</td><td>66.5</td><td>26.7</td><td>2.5</td><td>3.9</td><td>1.2</td><td>1.2</td><td>.1</td><td>4.5</td></tr><tr><td>March</td><td>9.8</td><td>1.9</td><td>-</td><td>7.9</td><td>.6</td><td>.1</td><td>*</td><td>*</td><td>.6</td><td>.8</td><td>.9</td><td>4.9</td></tr><tr><td>April</td><td>238.6</td><td>2.0</td><td>-</td><td>236.6</td><td>156.0</td><td>59.4</td><td>5.9</td><td>11.5</td><td>1.8</td><td>1.9</td><td>.8</td><td>-.7</td></tr><tr><td>May</td><td>124.6</td><td>2.0</td><td>-</td><td>122.6</td><td>70.3</td><td>25.0</td><td>2.5</td><td>5.3</td><td>.7</td><td>.7</td><td>.3</td><td>17.8</td></tr><tr><td>June</td><td>127.0</td><td>2.3</td><td>-</td><td>125.0</td><td>49.9</td><td>19.3</td><td>1.8</td><td>3.3</td><td>.4</td><td>.4</td><td>.1</td><td>49.8</td></tr><tr><td>July</td><td>176.6</td><td>2.0</td><td>-</td><td>174.7</td><td>110.1</td><td>47.6</td><td>4.6</td><td>8.1</td><td>1.3</td><td>1.5</td><td>1.5</td><td>*</td></tr><tr><td>August</td><td>119.4</td><td>2.0</td><td>-</td><td>117.4</td><td>77.6</td><td>30.1</td><td>2.9</td><td>5.3</td><td>.9</td><td>.5</td><td>*</td><td>*</td></tr><tr><td>September</td><td>100.8</td><td>2.0</td><td>-</td><td>98.9</td><td>60.1</td><td>19.3</td><td>2.1</td><td>4.2</td><td>1.0</td><td>.8</td><td>1.0</td><td>10.3</td></tr></table>
Source: Daily Treasury Statement through June 1955.
1/ Excess of expenditures is covered by appropriations by Congress.
2/ Tax on employees and self-employment income. Social Insurance Contributions Act and later amendments (26 U.S.C. 1100-1132) and tax on self-employment income under the Social Security Act Amendments of 1950 (26 U.S.C. 430-432). The tax on self-employment income is levied and collected as part of the individual income tax beginning with the taxable year 1951. Beginning January 1951, the receipts therefrom are used to eliminate the tax on self-employment income. Tax on employers of 8 or more under the Federal Unemployment Tax Act and later amendments (26 U.S.C. 1600-1611). Figures exclude certain credits not to exceed 90 percent of the total tax which are allowed with respect to contributions by the taxpayer to a State fund under a State unemployment compensation law.
3/ Appropriations to the Federal Unemployment Insurance Trust Fund equivalent to the amount of taxes collected and deposited for old-age insurance (42 U.S.C. 401 (a)) see also footnote 2). The Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950, changed in certain respects the basis of transferring the appropriated funds to the trust fund. Effective January 1, 1951, the amounts transferred currently as appropriations to the trust fund are to be used to meet the tax on individual income tax receipts made by the Secretary of the Treasury, and are adjusted in later transfers on the basis of wage and self-employment income
records maintained in the Social Security Administration. For purposes of this table, beginning January 1951, the same amount as is credited each month to the trust fund is shown as estimated current tax receipts for the 14-age increase. 
Interest on refunds is included under "Administrative expenses". 
includes expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act, as amended; 
administrative expenses reimbursed to the General Fund of the Treasury under section 11(a)(1) of the Social Security Act, as amended; 
administrative expenses under the Wagner-Peyser Act of 1933, as amended (20 U.S.C. 49d); and interest on refunds of social security taxes. 
Aid to permanently and totally disabled (Title IIV) as aided by Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 
1950. 
For unemployment insurance and maintenance of public employment offices; 
includes expenditures made directly by the Federal Government beginning January 1942 for maintenance of employment offices, and expenditures of the U. S. Employment Service for the period December 1942 through 
June 1943, which was not in the Bureau of Employment Security. 
Total includes expenditures for grants to States, Public Health Service, as follows; 1945, $10.7 million; and 1946, $2 million. After 1945 
expenditures were made under provisions of the Public Health Service Act 
of 1944 ($8 Stat. 682). 
Less than $50,000.
6
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Railroad Retirement Act - Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Excess of net receipts, or expenditures (-) 1/</th><th colspan="3">Receipts</th><th colspan="3">Expenditures</th></tr><tr><th>Taxes on carriers and their employees</th><th>Deduction: Refunds of taxes on carriers and their employees 2/</th><th>Net receipts</th><th>Total</th><th>Administrative expenses 3/</th><th>Transfers to Railroad Retirement Account (trust account)</th></tr><tr><td>1945</td><td>-26.3</td><td>285.0</td><td>.2</td><td>284.8</td><td>311.1</td><td>2.3</td><td>308.8</td></tr><tr><td>1946</td><td>-12.8</td><td>282.6</td><td>.9</td><td>281.7</td><td>294.5</td><td>2.6</td><td>291.9</td></tr><tr><td>1947</td><td>77.3</td><td>380.1</td><td>*</td><td>380.0</td><td>302.8</td><td>4.3</td><td>295.5</td></tr><tr><td>1948</td><td>-206.5</td><td>297.1</td><td>*</td><td>297.0</td><td>761.5</td><td>5.0</td><td>756.5</td></tr><tr><td>1949</td><td>-15.5</td><td>563.8</td><td>.5</td><td>563.4</td><td>578.9</td><td>4.4</td><td>574.5</td></tr><tr><td>1950</td><td>-34.1</td><td>590.2</td><td>.5</td><td>589.6</td><td>583.7</td><td>.9</td><td>582.8</td></tr><tr><td>1951</td><td>-30.5</td><td>577.5</td><td>*</td><td>577.5</td><td>608.0</td><td>*</td><td>608.0</td></tr><tr><td>1952</td><td>-35.9</td><td>735.0</td><td>.2</td><td>734.8</td><td>770.7</td><td>*</td><td>770.7</td></tr><tr><td>1953</td><td>-30.3</td><td>626.0</td><td>.7</td><td>625.3</td><td>655.6</td><td>1.4</td><td>655.2</td></tr><tr><td>1953-January</td><td>.7</td><td>14.2</td><td>*</td><td>14.2</td><td>13.4</td><td>*</td><td>13.4</td></tr><tr><td>February</td><td>-1.2</td><td>89.4</td><td>*</td><td>89.4</td><td>90.6</td><td>*</td><td>90.6</td></tr><tr><td>March</td><td>-.4</td><td>51.8</td><td>*</td><td>51.8</td><td>52.2</td><td>.3</td><td>51.9</td></tr><tr><td>April</td><td>.1</td><td>12.6</td><td>-</td><td>12.6</td><td>12.5</td><td>*</td><td>12.5</td></tr><tr><td>May</td><td>-.7</td><td>89.6</td><td>*</td><td>89.6</td><td>90.2</td><td>*</td><td>90.2</td></tr><tr><td>June</td><td>.6</td><td>53.3</td><td>*</td><td>53.3</td><td>52.7</td><td>*</td><td>52.7</td></tr><tr><td>July</td><td>-33.5</td><td>14.6</td><td>-</td><td>14.6</td><td>48.1</td><td>*</td><td>48.1</td></tr><tr><td>August</td><td>-.8</td><td>93.3</td><td>-</td><td>93.3</td><td>94.0</td><td>*</td><td>94.0</td></tr><tr><td>September</td><td>-1.0</td><td>53.0</td><td>-</td><td>53.0</td><td>53.9</td><td>*</td><td>53.9</td></tr></table>
Sources: Daily Treasury Statement. 1/ Excess of expenditures is covered by appropriations by Congress. 2/ Interest on refunds is included under "Administrative expenses". 3/ Includes interest on refunds (see footnote 2). Beginning in 1950,
administrative expenses previously shown as budget expenditures are paid from the trust fund (see "Trust Account and Other Transactions", Table 6). Less than $50,000.
Table 9.- Railroad Unemployment Insurance Act 1/ - Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Excess of receipts, or expenditures (-)/2/</th><th>Receipts Railroad unemployment insurance contributions 3/</th><th>Total</th><th>Expenditures Administrative expenses 4/</th><th>Transfers to Railroad Unemployment Insurance Account, Unemployment Trust Fund 2/</th></tr><tr><td>1945</td><td>-.6</td><td>13.2</td><td>12.6</td><td>3.7</td><td>8.9</td></tr><tr><td>1946</td><td>-.2</td><td>12.9</td><td>13.1</td><td>3.5</td><td>9.6</td></tr><tr><td>1947</td><td>-.5</td><td>14.2</td><td>13.7</td><td>4.5</td><td>9.2</td></tr><tr><td>1948</td><td>-.6</td><td>14.5</td><td>15.1</td><td>5.5</td><td>9.7</td></tr><tr><td>1949</td><td>-5.1</td><td>9.7</td><td>14.8</td><td>5.9</td><td>9.0</td></tr><tr><td>1950</td><td>-3.2</td><td>9.1</td><td>12.3</td><td>6.9</td><td>5.4</td></tr><tr><td>1951</td><td>4.0</td><td>9.3</td><td>5.3</td><td>5.8</td><td>-</td></tr><tr><td>1952</td><td>-.6</td><td>10.3</td><td>9.7</td><td>5.3</td><td>4.4</td></tr><tr><td>1953</td><td>-.6</td><td>10.0</td><td>10.6</td><td>5.8</td><td>4.9</td></tr><tr><td>1953-January</td><td>-.1</td><td>*</td><td>.1</td><td>.1</td><td>-</td></tr><tr><td>February</td><td>-.6</td><td>.2</td><td>.8</td><td>.8</td><td>-</td></tr><tr><td>March</td><td>2.1</td><td>2.3</td><td>.2</td><td>.2</td><td>-</td></tr><tr><td>April</td><td>-.4</td><td>*</td><td>.4</td><td>.4</td><td>-</td></tr><tr><td>May</td><td>-.3</td><td>.3</td><td>.6</td><td>.6</td><td>-</td></tr><tr><td>June</td><td>1.5</td><td>2.1</td><td>.6</td><td>.6</td><td>-</td></tr><tr><td>July</td><td>-4.6</td><td>*</td><td>4.6</td><td>.4</td><td>4.2</td></tr><tr><td>August</td><td>-.4</td><td>.8</td><td>.4</td><td>.4</td><td>-</td></tr><tr><td>September</td><td>1.4</td><td>1.7</td><td>.3</td><td>.3</td><td>-</td></tr></table>
Source: Daily Treasury Statement.
1/ Operated as Railroad Unemployment Insurance Administration Fund, for administrative expenses of the Railroad Retirement Board in administering the act (45 U.S.C. 361).
2/ Excess of expenditures is covered by appropriations by Congress.
3/ Through 1948 represented 10% of contributions under the Railroad Unemployment Insurance Act of 1938; the remaining 90% was deposited in the Railroad Unemployment Insurance Account in the Unemployment Trust Fund. Beginning 1949, represents contributions equal to 0.2%
of the taxable pay roll; the remaining contributions are deposited in the Railroad Unemployment Insurance Account (45 U.S.C. 358 (f)). (See "Trust Account and Other Transactions", Table 7). 5/ Consists of expenditures from appropriations made specifically for administrative expenses relating to the Railroad Unemployment Insurance Act. 2/ Represents excess funds of the Railroad Unemployment Insurance Administration Fund, under act of Oct.10, 1940 (54 Stat. 1099). * Less than $50,000.
November 1955
7
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net of trust account and other transactions 1/</th><th colspan="3">Trust accounts, etc.</th><th>Net investments of Government agencies in public debt securities</th><th colspan="2">Net redemptions, or sales (-) of securities of Government agencies in the market</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>-524</td><td>3,238</td><td>7,712</td><td>4,474</td><td>3,668</td><td>150</td><td>-66</td></tr><tr><td>1947</td><td>-1,103</td><td>2,619</td><td>6,244</td><td>3,625</td><td>3,362</td><td>387</td><td>-28</td></tr><tr><td>1948</td><td>-254</td><td>2,658</td><td>6,515 2/</td><td>3,857</td><td>3,060</td><td>16</td><td>-123</td></tr><tr><td>1949</td><td>-495</td><td>1,890</td><td>5,714</td><td>3,844 2/</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>6,950</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>3,557</td><td>-10</td><td>-374</td></tr><tr><td>1952</td><td>247</td><td>3,895</td><td>8,807</td><td>4,922</td><td>3,636</td><td>-16</td><td>88</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>-197</td><td>-109</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>443</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>453</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>429</td><td>629</td><td>61</td><td>-11</td><td>-15</td></tr><tr><td>August</td><td>300</td><td>695</td><td>1,158</td><td>464</td><td>395</td><td>*</td><td>-1</td></tr><tr><td>September</td><td>35</td><td>31</td><td>482</td><td>451</td><td>71</td><td>*</td><td>-75</td></tr></table>
Source: Daily Treasury Statement. 1/ Excess of receipts, or expenditures (-).
2/ Excludes Foreign Economic Cooperation Trust Fund (see page 1). * 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>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/</th></tr><tr><td>1946</td><td>7,712</td><td>1,306</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>1947</td><td>6,244</td><td>1,623</td><td>323</td><td>1,289</td><td>1,504</td><td>134</td><td>578</td><td>792</td></tr><tr><td>1948</td><td>6,515 3/</td><td>1,807</td><td>797</td><td>1,313</td><td>740</td><td>90</td><td>594</td><td>1,174 3/</td></tr><tr><td>1949</td><td>5,714</td><td>1,924</td><td>625</td><td>1,173</td><td>690</td><td>92</td><td>680</td><td>529</td></tr><tr><td>1950</td><td>6,669</td><td>2,367</td><td>645</td><td>1,281</td><td>1,076</td><td>87</td><td>809</td><td>403</td></tr><tr><td>1951</td><td>7,796</td><td>3,411</td><td>678</td><td>1,542</td><td>684</td><td>86</td><td>850</td><td>545</td></tr><tr><td>1952</td><td>8,807</td><td>3,932</td><td>850</td><td>1,643</td><td>786</td><td>87</td><td>912</td><td>597</td></tr><tr><td>1953</td><td>8,932</td><td>4,516</td><td>745</td><td>1,594</td><td>637</td><td>79</td><td>961</td><td>401</td></tr><tr><td>1953-January</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>920</td><td>492</td><td>91</td><td>213</td><td>44</td><td>3</td><td>26</td><td>51</td></tr><tr><td>March</td><td>649</td><td>440</td><td>53</td><td>82</td><td>42</td><td>3</td><td>36</td><td>54</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>525</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>1,338</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>429</td><td>214</td><td>48</td><td>65</td><td>36</td><td>5</td><td>38</td><td>25</td></tr><tr><td>August</td><td>1,158</td><td>530</td><td>94</td><td>321</td><td>51</td><td>3</td><td>71</td><td>89</td></tr><tr><td>September</td><td>482</td><td>310</td><td>54</td><td>13</td><td>33</td><td>2</td><td>37</td><td>32</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, island possessions, increment resulting from
reduction in the weight of the gold dollar, and through June 1950 seigniorage on silver under the Silver Purchase Act of 1934. Thereafter any such seigniorage is included under budget receipts. 3/ Exclude Foreign Economic Cooperation Trust Fund (see page 1).
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 employees' retirement fund 1/</th><th>Other trust funds and accounts 2/ 3/</th><th>Deposit fund accounts (net) 3/</th></tr><tr><td>1946</td><td>4,474</td><td>358</td><td>152</td><td>1,116</td><td>280</td><td>50</td><td>257</td><td>1,574</td><td>647</td></tr><tr><td>1947</td><td>3,625</td><td>466</td><td>173</td><td>869</td><td>282</td><td>67</td><td>323</td><td>1,073</td><td>372</td></tr><tr><td>1948</td><td>3,857</td><td>559</td><td>222</td><td>899</td><td>302</td><td>70</td><td>244</td><td>1,234</td><td>367</td></tr><tr><td>1949</td><td>3,804 1/</td><td>661</td><td>278</td><td>1,314</td><td>348</td><td>61</td><td>222</td><td>526 1/</td><td>414</td></tr><tr><td>1950</td><td>6,950</td><td>784</td><td>304</td><td>2,026</td><td>2,988</td><td>114</td><td>268</td><td>370</td><td>96</td></tr><tr><td>1951</td><td>3,945</td><td>1,569</td><td>321</td><td>900</td><td>614</td><td>77</td><td>271</td><td>387</td><td>-194</td></tr><tr><td>1952</td><td>4,922</td><td>2,067</td><td>391</td><td>1,049</td><td>936</td><td>82</td><td>300</td><td>413</td><td>-346 5/</td></tr><tr><td>1953</td><td>5,169</td><td>2,750</td><td>465</td><td>1,010</td><td>588</td><td>82</td><td>363</td><td>441</td><td>-229</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>247</td><td>39</td><td>110</td><td>53</td><td>7</td><td>32</td><td>56</td><td>214</td></tr><tr><td>April</td><td>468</td><td>256</td><td>40</td><td>92</td><td>50</td><td>8</td><td>33</td><td>40</td><td>-30</td></tr><tr><td>May</td><td>217</td><td>257</td><td>40</td><td>76</td><td>51</td><td>8</td><td>32</td><td>33</td><td>-280</td></tr><tr><td>June</td><td>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><tr><td>August</td><td>464</td><td>262</td><td>41</td><td>69</td><td>50</td><td>6</td><td>34</td><td>89</td><td>-87</td></tr><tr><td>September</td><td>451</td><td>304</td><td>40</td><td>71</td><td>50</td><td>5</td><td>35</td><td>41</td><td>-96</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 2 and 3).
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 rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="8">Trust accounts, etc.</th><th rowspan="2">Government corporations and agencies 3/</th></tr><tr><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 1/</th><th>Other trust funds and accounts 2/</th></tr><tr><td>1946</td><td>3,668</td><td>3,668</td><td>1,002</td><td>156</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>1,194</td><td>569</td><td>416</td><td>461</td><td>32</td><td>363</td><td>-6</td><td>-</td></tr><tr><td>1949</td><td>2,311</td><td>2,311</td><td>1,294</td><td>516</td><td>-160</td><td>353</td><td>32</td><td>447</td><td>*</td><td>-</td></tr><tr><td>1950</td><td>-402</td><td>-402</td><td>1,414</td><td>318</td><td>-724</td><td>-1,946</td><td>-26</td><td>-943</td><td>*</td><td>-</td></tr><tr><td>1951</td><td>3,557</td><td>3,369</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>419</td><td>583</td><td>-245</td><td>1</td><td>624</td><td>-6</td><td>281</td></tr><tr><td>1953</td><td>3,301</td><td>3,068</td><td>1,545</td><td>280</td><td>590</td><td>59</td><td>-2</td><td>588</td><td>9</td><td>232</td></tr><tr><td>1953-January</td><td>130</td><td>-112</td><td>12</td><td>-25</td><td>-95</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>223</td><td>31</td><td>53</td><td>121</td><td>15</td><td>-2</td><td>6</td><td>*</td><td>-54</td></tr><tr><td>March</td><td>100</td><td>61</td><td>141</td><td>15</td><td>-95</td><td>-10</td><td>-3</td><td>4</td><td>*</td><td>38</td></tr><tr><td>April</td><td>112</td><td>144</td><td>130</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>473</td><td>411</td><td>137</td><td>51</td><td>253</td><td>-20</td><td>-9</td><td>-1</td><td>*</td><td>42</td></tr><tr><td>June</td><td>735</td><td>840</td><td>356</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><tr><td>August</td><td>395</td><td>410</td><td>63</td><td>53</td><td>245</td><td>10</td><td>-</td><td>38</td><td>-10</td><td>-14</td></tr><tr><td>September</td><td>71</td><td>22</td><td>72</td><td>13</td><td>-54</td><td>-10</td><td>-4</td><td>-1</td><td>6</td><td>49</td></tr></table>
Source: Daily Treasury Statement.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Consists of Adjusted Service Certificates Fund prior to 1951; beginning with that year, includes also investments of other accounts which for prior years are included in Table 3 under "Other trust funds and accounts" and "Deposit fund accounts (net)".
3/ 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.
November 1955
9
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="4">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total 2/</th><th>Appropriations by Congress 3/</th><th>Interest and profit on investments</th><th>Transfers from general fund 4/</th><th>Deposited by States 5/</th><th>Total</th><th>Benefit payments</th><th>Refunds of taxes 6/</th><th>Administrative expenses</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1937-45....</td><td>7,549.8</td><td>7,021.3</td><td>528.5</td><td>-</td><td>-</td><td>936.4</td><td>783.5</td><td>-</td><td>132.9</td><td>-</td><td>6,613.4</td><td>6,613.4</td><td>67.1</td></tr><tr><td>1946....</td><td>1,386.0</td><td>1,230.2</td><td>117.6</td><td>-</td><td>-</td><td>357.9</td><td>380.5</td><td>-</td><td>37.4</td><td>-</td><td>1,028.0</td><td>7,641.4</td><td>92.7</td></tr><tr><td>1947....</td><td>1,623.3</td><td>1,559.5</td><td>163.5</td><td>-</td><td>-</td><td>466.4</td><td>425.6</td><td>-</td><td>45.6</td><td>-</td><td>1,157.0</td><td>8,798.4</td><td>55.1</td></tr><tr><td>1948....</td><td>1,807.4</td><td>1,616.2</td><td>190.6</td><td>-</td><td>-</td><td>559.1</td><td>511.7</td><td>-</td><td>13.0</td><td>-</td><td>1,248.3</td><td>9,936.8</td><td>109.9</td></tr><tr><td>1949....</td><td>1,923.8</td><td>1,690.3</td><td>230.2</td><td>3.3</td><td>-</td><td>660.5</td><td>607.0</td><td>-</td><td>13.8</td><td>39.7</td><td>1,263.3</td><td>11,309.9</td><td>79.3</td></tr><tr><td>1950....</td><td>2,366.8</td><td>2,106.4</td><td>256.8</td><td>3.6</td><td>-</td><td>784.1</td><td>727.3</td><td>-</td><td>13.7</td><td>43.1</td><td>1,582.7</td><td>12,892.6</td><td>247.8</td></tr><tr><td>1951....</td><td>3,411.5</td><td>3,119.5</td><td>287.4</td><td>3.7</td><td>-9</td><td>1,568.5</td><td>1,498.1</td><td>-</td><td>17.5</td><td>52.9</td><td>1,843.0</td><td>14,735.6</td><td>412.8</td></tr><tr><td>1952....</td><td>3,931.5</td><td>3,368.6</td><td>333.5</td><td>3.7</td><td>25.7</td><td>2,067.1</td><td>1,982.4</td><td>-</td><td>23.7</td><td>61.0</td><td>1,034.5</td><td>16,600.0</td><td>327.0</td></tr><tr><td>1953....</td><td>4,516.3</td><td>4,086.3</td><td>336.6</td><td>-</td><td>43.3</td><td>2,750.0</td><td>2,627.5</td><td>33.0</td><td>23.4</td><td>66.1</td><td>1,765.3</td><td>18,366.4</td><td>548.8</td></tr><tr><td>1953-Jan....</td><td>118.1</td><td>117.4</td><td>-</td><td>-</td><td>-7</td><td>230.1</td><td>223.2</td><td>-</td><td>1.9</td><td>5.0</td><td>-111.9</td><td>17,329.8</td><td>357.4</td></tr><tr><td>Feb....</td><td>191.7</td><td>189.6</td><td>-</td><td>-</td><td>6.2</td><td>236.5</td><td>229.5</td><td>-</td><td>1.9</td><td>5.1</td><td>255.2</td><td>17,585.0</td><td>581.6</td></tr><tr><td>Mar....</td><td>439.9</td><td>424.5</td><td>10.9</td><td>-</td><td>4.4</td><td>247.3</td><td>240.1</td><td>-</td><td>1.9</td><td>5.3</td><td>192.6</td><td>17,777.6</td><td>633.2</td></tr><tr><td>Apr....</td><td>248.5</td><td>232.4</td><td>14.8</td><td>-</td><td>1.2</td><td>255.8</td><td>249.0</td><td>-</td><td>2.0</td><td>4.8</td><td>-7.4</td><td>17,770.2</td><td>446.2</td></tr><tr><td>May....</td><td>524.5</td><td>515.6</td><td>-</td><td>-</td><td>8.9</td><td>256.9</td><td>249.9</td><td>-</td><td>2.0</td><td>5.0</td><td>267.6</td><td>18,037.9</td><td>576.6</td></tr><tr><td>June....</td><td>592.8</td><td>519.6</td><td>171.8</td><td>-</td><td>1.4</td><td>264.3</td><td>255.6</td><td>-</td><td>2.0</td><td>6.7</td><td>328.5</td><td>18,366.4</td><td>548.8</td></tr><tr><td>July....</td><td>213.8</td><td>205.6</td><td>-</td><td>-</td><td>8.1</td><td>261.3</td><td>254.5</td><td>-</td><td>1.9</td><td>4.8</td><td>-47.5</td><td>18,318.8</td><td>414.5</td></tr><tr><td>Aug....</td><td>529.9</td><td>519.4</td><td>-</td><td>-</td><td>10.4</td><td>262.1</td><td>254.6</td><td>-</td><td>1.9</td><td>5.6</td><td>267.8</td><td>18,586.6</td><td>618.9</td></tr><tr><td>Sept....</td><td>310.2</td><td>298.6</td><td>10.9</td><td>-</td><td>-.7</td><td>304.0</td><td>256.9</td><td>40.5</td><td>1.9</td><td>4.6</td><td>6.2</td><td>18,592.8</td><td>553.5</td></tr><tr><td>1937 to date</td><td>29,570.2</td><td>26,929.9</td><td>2,535.7</td><td>15.4</td><td>89.1</td><td>10,977.4</td><td>10,249.5</td><td>73.5</td><td>317.0</td><td>337.4</td><td>18,592.8</td><td>18,592.8</td><td>553.5</td></tr></table>
Source: Daily Treasury Statement.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Beginning November 1951 the total includes "Other" receipts, in the nature of recoveries from expenditures incidental to the operation of the trust fund.
3/ For basis, see "Budget Receipts and Expenditures," Table 7.
4/ Under Section 217 of the Social Security Act, as amended, reimbursements for benefits paid to survivors of World War II veterans, and in 1952 administrative costs also.
5/ To cover employees of States and their political subdivisions, included under provisions of Section 218 of the Social Security Act as added by the Amendments of 1950 (Public Law 734), approved August 28, 1950.
Reimbursement to the general fund under Section 201 (f) (2) of the Social Security Act as added by the Amendments of 1950.
Under Section 201 (f) (1) of the Social Security Act, as amended, for sums expended for the administration of the Education and Welfare (and predecessor agencies) and the Treasury Department for the Administration of Title II of that Act and the related parts of the Internal Revenue Code (26 U.S.C. 400-420, 1400-1432).
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance, paid directly by the Department and provisions of annual appropriation acts beginning with that for 1947 (50 Stat. 694); and also, beginning 1949, related expenses of other offices in the Department (and predecessor agencies).
Table 6.- Railroad Retirement Account
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="3">Expenditures other than investments</th><th rowspan="2">Net increase or decrease (-) in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total 1/</th><th>Appropriations by Congress 1/</th><th>Interest on investments</th><th>Total</th><th>Benefit payments</th><th>Administrative expenses 2/</th><th>Total</th><th>Investments</th><th>Unexpanded balance</th></tr><tr><td>1936-45....</td><td>1,468.2</td><td>1,425.7</td><td>42.4</td><td>958.5</td><td>958.5</td><td>-</td><td>515.6</td><td>515.6</td><td>500.5</td><td>15.1</td></tr><tr><td>1946.......</td><td>312.0</td><td>298.1</td><td>13.9</td><td>132.0</td><td>132.0</td><td>-</td><td>160.1</td><td>675.7</td><td>637.0</td><td>18.7</td></tr><tr><td>1947.......</td><td>322.4</td><td>298.2</td><td>24.2</td><td>173.3</td><td>173.3</td><td>-</td><td>19.9</td><td>804.9</td><td>805.5</td><td>19.4</td></tr><tr><td>1948.......</td><td>797.4</td><td>758.5</td><td>38.9</td><td>222.3</td><td>222.3</td><td>-</td><td>575.1</td><td>1,399.9</td><td>1,374.5</td><td>25.4</td></tr><tr><td>1949.......</td><td>677.4</td><td>626.5</td><td>50.9</td><td>278.2</td><td>278.2</td><td>-</td><td>399.2</td><td>1,799.1</td><td>1,720.0</td><td>79.1</td></tr><tr><td>1950.......</td><td>749.2</td><td>687.0</td><td>62.2</td><td>304.4</td><td>299.9</td><td>4.5</td><td>444.8</td><td>2,244.0</td><td>2,057.6</td><td>186.4</td></tr><tr><td>1951.......</td><td>561.0</td><td>490.8</td><td>70.2</td><td>321.0</td><td>316.2</td><td>4.9</td><td>240.0</td><td>2,483.9</td><td>2,414.5</td><td>69.4</td></tr><tr><td>1952.......</td><td>869.7</td><td>750.8 3/</td><td>78.9</td><td>390.7</td><td>386.6</td><td>6.1</td><td>439.0</td><td>2,922.9</td><td>2,863.1</td><td>59.8</td></tr><tr><td>1953.......</td><td>744.0</td><td>694.7</td><td>89.3</td><td>465.1</td><td>458.9</td><td>6.1</td><td>278.9</td><td>3,201.9</td><td>3,142.8</td><td>59.1</td></tr><tr><td>1953-Jan....</td><td>13.6</td><td>12.9</td><td>.7</td><td>38.6</td><td>37.9</td><td>.7</td><td>-25.0</td><td>3,015.3</td><td>2,955.8</td><td>59.5</td></tr><tr><td>Feb....</td><td>91.4</td><td>90.6</td><td>.8</td><td>38.0</td><td>37.6</td><td>.3</td><td>53.4</td><td>3,068.7</td><td>3,008.4</td><td>60.3</td></tr><tr><td>Mar....</td><td>52.7</td><td>51.9</td><td>.9</td><td>38.7</td><td>38.3</td><td>.4</td><td>14.0</td><td>3,082.7</td><td>3,023.0</td><td>59.7</td></tr><tr><td>Apr....</td><td>13.5</td><td>12.5</td><td>1.0</td><td>40.1</td><td>39.5</td><td>.6</td><td>-26.6</td><td>3,056.1</td><td>2,996.4</td><td>59.7</td></tr><tr><td>May....</td><td>91.7</td><td>90.2</td><td>1.5</td><td>40.4</td><td>39.9</td><td>.5</td><td>51.4</td><td>3,107.5</td><td>3,047.6</td><td>59.9</td></tr><tr><td>June....</td><td>135.2</td><td>52.7</td><td>82.5</td><td>40.8</td><td>40.2</td><td>.6</td><td>94.4</td><td>3,201.9</td><td>3,142.8</td><td>59.1</td></tr><tr><td>July....</td><td>48.2</td><td>48.1</td><td>.1</td><td>40.2</td><td>39.7</td><td>.5</td><td>8.0</td><td>3,209.8</td><td>3,149.9</td><td>59.9</td></tr><tr><td>Aug....</td><td>75.6</td><td>75.4</td><td>.2</td><td>40.6</td><td>40.1</td><td>.5</td><td>35.0</td><td>3,244.8</td><td>3,203.0</td><td>41.8</td></tr><tr><td>Sept....</td><td>94.2</td><td>53.9</td><td>.3</td><td>40.4</td><td>39.9</td><td>.5</td><td>13.7</td><td>3,258.6</td><td>3,216.1</td><td>42.5</td></tr><tr><td>1936 to date</td><td>6,639.1</td><td>6,161.7</td><td>477.4</td><td>3,380.6</td><td>3,357.5</td><td>23.1</td><td>3,258.6</td><td>3,258.6</td><td>3,216.1</td><td>42.5</td></tr></table>
Source: Daily Treasury Statement.
1/ Totals may differ from those in Table 2. Prior to fiscal year 1952, appropriations were included in Table 6 when made but were included in Table 2 when amounts were transferred from the general fund. Effective July 1951, pursuant to Public Law 134, approved Aug. 31, 1951, the appropriation is equal to the amount of taxes deposited in the Treasury
(less refunds) under the Railroad Retirement Act, and transfers are made currently, subject to later minor adjustments.
2/ Paid from the trust fund under Title IV, act of June 29, 1949 (63 Stat. 297).
3/ Appropriation in November 1951 reduced $19.8 million by surplus warrant pursuant to Section 1214 of Public Law 759, approved Sept. 6,1950.
10
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7.- Unemployment Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="5">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-) in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>State accounts Deposited by States</th><th>Contribution 2/</th><th>Railroad Unemployment Insurance Account 1/ Transfers from Administration Fund 4/</th><th>Interest on investments</th><th>Total</th><th>State accounts Withdrawals by States</th><th>Transfers to Railroad Unemployment Insurance Account 1/ Benefit payments</th><th>Railroad Unemployment Account 1/</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1936-45...</td><td>9,688.6</td><td>8,540.3</td><td>502.5</td><td>106.3</td><td>38.0</td><td>501.5</td><td>2,373.4</td><td>2,222.5</td><td>106.3</td><td>44.6</td><td>7,315.3</td><td>7,307.2</td><td>8.1</td></tr><tr><td>1946</td><td>1,279.3</td><td>1,009.9</td><td>116.2</td><td>.4</td><td>9.6</td><td>143.6</td><td>1,145.9</td><td>1,128.3</td><td>.4</td><td>17.2</td><td>1,313.9</td><td>7,409.0</td><td>40.1</td></tr><tr><td>1947</td><td>1,289.4</td><td>1,005.3</td><td>127.6</td><td>.4</td><td>9.2</td><td>146.9</td><td>869.5</td><td>817.4</td><td>.5</td><td>51.7</td><td>7,369.0</td><td>7,892.0</td><td>17.0</td></tr><tr><td>1948</td><td>1,312.9</td><td>1,007.3</td><td>130.6</td><td>-</td><td>9.7</td><td>165.3</td><td>858.9</td><td>798.1</td><td>-</td><td>60.8</td><td>8,323.0</td><td>8,298.4</td><td>24.6</td></tr><tr><td>1949</td><td>1,173.2</td><td>984.0</td><td>.1</td><td>-</td><td>9.0</td><td>130.1</td><td>1,313.8</td><td>1,227.1</td><td>-</td><td>86.7</td><td>8,132.4</td><td>8,118.3</td><td>44.1</td></tr><tr><td>1950</td><td>1,281.0</td><td>1,098.8</td><td>9.7</td><td>-</td><td>5.4</td><td>167.1</td><td>2,025.5</td><td>1,879.0</td><td>-</td><td>146.5</td><td>7,337.9</td><td>7,414.3</td><td>23.6</td></tr><tr><td>1951</td><td>1,541.6</td><td>1,366.6</td><td>14.9</td><td>-</td><td>1.4</td><td>164.1</td><td>900.3</td><td>848.3</td><td>-</td><td>52.0</td><td>8,079.2</td><td>8,054.2</td><td>15.0</td></tr><tr><td>1952</td><td>1,543.3</td><td>1,439.0</td><td>15.4</td><td>-</td><td>4.4</td><td>134.5</td><td>1,048.6</td><td>1,000.3</td><td>-</td><td>48.3</td><td>8,573.9</td><td>8,647.1</td><td>26.9</td></tr><tr><td>1953</td><td>1,993.8</td><td>1,371.1</td><td>15.0</td><td>-</td><td>4.9</td><td>202.8</td><td>1,009.8</td><td>912.6</td><td>-</td><td>97.3</td><td>9,257.9</td><td>9,237.0</td><td>20.9</td></tr><tr><td>1953-Jan.</td><td>28.1</td><td>28.0</td><td>*</td><td>-</td><td>-</td><td>.1</td><td>99.7</td><td>89.1</td><td>-</td><td>10.6</td><td>71.6</td><td>8,967.6</td><td>8,938.1</td><td>29.5</td></tr><tr><td>Feb.</td><td>213.3</td><td>212.9</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>94.4</td><td>85.6</td><td>-</td><td>8.8</td><td>118.8</td><td>9,036.4</td><td>9,059.1</td><td>27.4</td></tr><tr><td>Mar.</td><td>21.8</td><td>17.0</td><td>3.5</td><td>-</td><td>-</td><td>.5</td><td>110.2</td><td>100.5</td><td>-</td><td>9.7</td><td>68.8</td><td>8,990.0</td><td>8,974.1</td><td>28.0</td></tr><tr><td>Apr.</td><td>67.3</td><td>56.8</td><td>*</td><td>-</td><td>-</td><td>10.5</td><td>92.0</td><td>84.2</td><td>-</td><td>7.8</td><td>-24.1</td><td>8,973.2</td><td>8,961.1</td><td>12.3</td></tr><tr><td>May.</td><td>335.5</td><td>331.6</td><td>.5</td><td>-</td><td>-</td><td>.4</td><td>75.7</td><td>69.9</td><td>-</td><td>5.8</td><td>296.8</td><td>9,230.1</td><td>9,214.1</td><td>16.1</td></tr><tr><td>June.</td><td>106.0</td><td>10.6</td><td>3.1</td><td>-</td><td>-</td><td>92.2</td><td>78.8</td><td>73.2</td><td>-</td><td>5.0</td><td>27.8</td><td>9,257.9</td><td>9,237.0</td><td>20.9</td></tr><tr><td>July.</td><td>64.8</td><td>60.4</td><td>.1</td><td>-</td><td>1.2</td><td>*</td><td>74.9</td><td>69.2</td><td>-</td><td>5.0</td><td>-10.1</td><td>9,247.8</td><td>9,234.0</td><td>13.7</td></tr><tr><td>Aug.</td><td>321.2</td><td>320.0</td><td>1.2</td><td>-</td><td>-</td><td>.3</td><td>68.7</td><td>62.4</td><td>-</td><td>6.2</td><td>252.5</td><td>9,500.3</td><td>9,479.0</td><td>21.3</td></tr><tr><td>Sep.</td><td>13.2</td><td>10.3</td><td>2.5</td><td>-</td><td>-</td><td>-</td><td>71.5</td><td>64.7</td><td>-</td><td>6.8</td><td>-58.3</td><td>9,442.0</td><td>9,425.0</td><td>17.0</td></tr><tr><td>1936 to date...</td><td>21,202.8</td><td>18,209.1</td><td>935.9</td><td>107.2</td><td>94.4</td><td>1,856.2</td><td>11,760.8</td><td>11,030.6</td><td>107.2</td><td>623.1</td><td>9,442.0</td><td>9,442.0</td><td>17.0</td></tr></table>
Source: Daily Treasury Statement.
1/ Exclude interim advance of $15 million from the Treasury and subsequent repayment, both taking place in the fiscal year 1940.
2/ Represents contributions under the Railroad Unemployment Insurance Act of 1938, an amended (45 U.S.C. 360 (a)), in excess of the amount specified for administrative expenses. (See "Budget Receipts and Expenditures", Table 9).
3/ Represents amounts transferred from States to Railroad Unemployment Insurance Account equivalent to amounts of taxes collected with respect to
period from January 1936 to June 1939, inclusive, from employers who came within the purview of the Railroad Unemployment Insurance Act. 5/ Represents excess funds of the Railroad Unemployment Insurance Administration Fund, under act of Oct. 10, 1940 (54 Stat. 1039). 6/ Includes transfer to the Railroad Unemployment Administration Fund as follows: $9.7 million in 1949 and $2.6 million in 1950, representing adjustment for over-collections due to retroactive change in tax rate (45 U.S.C. 358 (a)). * Less than $50,000.
Table 8.- National Service Life Insurance Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="3">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease, (+), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>Premiums and other receipts</th><th>Transfers from General Fund</th><th>Interest on investments</th><th>Total</th><th>Benefits and refunds</th><th>Special dividends</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1941-45</td><td>3,398.0</td><td>2,064.4</td><td>1,249.3</td><td>94.4</td><td>166.4</td><td>166.4</td><td>-</td><td>3,231.6</td><td>3,187.1</td><td>44.4</td></tr><tr><td>1946</td><td>2,351.0</td><td>844.7</td><td>1,381.4</td><td>124.9</td><td>279.8</td><td>279.8</td><td>-</td><td>3,071.2</td><td>3,239.7</td><td>63.1</td></tr><tr><td>1947</td><td>1,504.1</td><td>516.6</td><td>816.7</td><td>170.9</td><td>279.3</td><td>279.3</td><td>-</td><td>1,224.8</td><td>6,287.6</td><td>53.9</td></tr><tr><td>1948</td><td>739.7</td><td>387.5</td><td>153.0</td><td>199.2</td><td>301.9</td><td>301.9</td><td>-</td><td>437.7</td><td>6,965.3</td><td>30.6</td></tr><tr><td>1949</td><td>690.1</td><td>398.8</td><td>87.0</td><td>210.3</td><td>348.1</td><td>348.1</td><td>-</td><td>341.9</td><td>7,307.2</td><td>19.6</td></tr><tr><td>1950</td><td>1,076.4</td><td>398.7</td><td>472.8</td><td>205.0</td><td>2,987.9</td><td>354.9</td><td>2,633.0</td><td>-1,911.5</td><td>5,395.7</td><td>53.6</td></tr><tr><td>1951</td><td>683.7</td><td>480.1</td><td>43.4</td><td>160.3</td><td>613.6</td><td>391.4</td><td>222.2</td><td>70.1</td><td>5,465.8</td><td>30.2</td></tr><tr><td>1952</td><td>786.0</td><td>426.4</td><td>203.5</td><td>156.2</td><td>996.3</td><td>455.5</td><td>540.8</td><td>-210.2</td><td>5,255.6</td><td>64.9</td></tr><tr><td>1953</td><td>636.6</td><td>397.7</td><td>84.0</td><td>154.9</td><td>587.7</td><td>433.9</td><td>153.8</td><td>48.9</td><td>5,304.5</td><td>55.0</td></tr><tr><td>1953-Jan.</td><td>40.7</td><td>34.5</td><td>6.0</td><td>.2</td><td>42.5</td><td>33.8</td><td>8.7</td><td>-1.9</td><td>5,202.3</td><td>47.8</td></tr><tr><td>Feb.</td><td>43.8</td><td>33.4</td><td>10.4</td><td>*</td><td>44.4</td><td>33.9</td><td>10.5</td><td>-1.6</td><td>5,201.7</td><td>32.2</td></tr><tr><td>Mar.</td><td>41.7</td><td>35.9</td><td>5.6</td><td>.2</td><td>52.8</td><td>35.7</td><td>17.1</td><td>-11.0</td><td>5,190.7</td><td>31.2</td></tr><tr><td>Apr.</td><td>37.0</td><td>36.5</td><td>.3</td><td>.2</td><td>49.9</td><td>35.8</td><td>14.1</td><td>-12.9</td><td>5,177.8</td><td>28.3</td></tr><tr><td>May.</td><td>34.0</td><td>31.6</td><td>1.8</td><td>.5</td><td>50.5</td><td>36.5</td><td>14.0</td><td>-16.6</td><td>5,161.2</td><td>31.8</td></tr><tr><td>June.</td><td>192.8</td><td>33.0</td><td>6.2</td><td>153.6</td><td>49.6</td><td>34.5</td><td>15.1</td><td>143.2</td><td>5,304.5</td><td>55.0</td></tr><tr><td>July.</td><td>35.5</td><td>35.5</td><td>*</td><td>-</td><td>48.1</td><td>34.1</td><td>14.1</td><td>-12.6</td><td>5,291.9</td><td>42.4</td></tr><tr><td>Aug.</td><td>51.1</td><td>30.5</td><td>20.6</td><td>-</td><td>50.4</td><td>33.8</td><td>16.6</td><td>-7</td><td>5,292.6</td><td>33.1</td></tr><tr><td>Sept.</td><td>32.9</td><td>28.6</td><td>4.2</td><td>.1</td><td>50.5</td><td>34.0</td><td>16.4</td><td>-17.6</td><td>5,275.0</td><td>25.5</td></tr><tr><td>1941 to date</td><td>11,985.1</td><td>6,003.4</td><td>4,515.7</td><td>1,466.0</td><td>6,710.1</td><td>3,113.2</td><td>3,596.9</td><td>5,875.0</td><td>5,275.0</td><td>5,249.5</td><td>25.5</td></tr></table>
Sources: Daily Treasury Statement. * Less than $50,000.
November 1955
11
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 operating outgo</th><th rowspan="2">Net cash operating income, or repayment of 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">Memorandum: 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 expenditures</th><th>Cash trust account expenditures</th><th>Exchange Stabilization Fund 1/</th><th>Clearing account for outstanding checks, etc.</th><th>Total</th></tr><tr><td>1946</td><td>38,902</td><td>4,937</td><td>43,839</td><td>57,422</td><td>4,316</td><td>-</td><td>61,738</td><td>-17,899</td><td>7,439</td><td>-10,460</td><td>302</td></tr><tr><td>1947</td><td>39,884</td><td>3,707</td><td>43,591</td><td>33,190</td><td>3,270</td><td>1,026</td><td>-555</td><td>36,931</td><td>6,559</td><td>-19,389</td><td>-10,930 3/</td><td>60</td></tr><tr><td>1948</td><td>41,804</td><td>3,595</td><td>45,400</td><td>32,432</td><td>2,944</td><td>563</td><td>507</td><td>36,496</td><td>8,903</td><td>-7,280</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>1,051</td><td>-2,513</td><td>-1,462</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>6,668</td><td>-207</td><td>-483</td><td>43,159</td><td>-2,185</td><td>4,231</td><td>2,047</td><td>25</td></tr><tr><td>1951</td><td>47,887</td><td>5,552</td><td>53,439</td><td>41,795</td><td>3,807</td><td>-13</td><td>214</td><td>45,804</td><td>7,635</td><td>-5,795</td><td>1,839</td><td>13</td></tr><tr><td>1952</td><td>61,991</td><td>6,102</td><td>68,093</td><td>62,599</td><td>4,947</td><td>9</td><td>401</td><td>67,956</td><td>137</td><td>-252</td><td>-338</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>5,138</td><td>-28</td><td>312</td><td>76,561</td><td>-5,217</td><td>2,918</td><td>-2,299</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>6,558</td><td>-</td><td>-59</td><td>75,546</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>221</td><td>5,239</td><td>5,555</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>792</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>4,072</td><td>-3,188</td><td>888</td><td>3</td></tr><tr><td>April</td><td>2,846</td><td>368</td><td>3,214</td><td>6,281</td><td>491</td><td>-</td><td>-289</td><td>6,443</td><td>-3,229</td><td>-97</td><td>-3,386</td><td>8</td></tr><tr><td>May</td><td>4,375</td><td>918</td><td>5,294</td><td>6,063</td><td>215</td><td>-44</td><td>428</td><td>6,662</td><td>-1,368</td><td>1,425</td><td>57</td><td>6</td></tr><tr><td>June</td><td>9,696</td><td>490</td><td>10,185</td><td>7,011</td><td>948</td><td>-</td><td>373</td><td>7,932</td><td>2,293</td><td>-1,222</td><td>1,032</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>5</td></tr><tr><td>August</td><td>4,565</td><td>962</td><td>5,526</td><td>5,821</td><td>458</td><td>11</td><td>430</td><td>6,720</td><td>-1,193</td><td>1,274</td><td>-1,067</td><td>5</td></tr><tr><td>September</td><td>5,998</td><td>375</td><td>6,373</td><td>5,991</td><td>409</td><td>11</td><td>-117</td><td>6,894</td><td>78</td><td>-274</td><td>-196</td><td>4</td></tr><tr><td>1954 to date</td><td>13,839</td><td>1,675</td><td>15,514</td><td>17,651</td><td>1,494</td><td>22</td><td>-152</td><td>19,015</td><td>-3,501</td><td>6,309</td><td>2,808</td><td>14</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 seigniorage 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". 3/ In addition to this decrease in the general fund balance, the Exchange Stabilization Fund was drawn down by $1,300 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 1/</th><th>Plus: Noncash items deducted from budget receipts - excess of profit tax refund bonds 2/</th><th>Total</th><th colspan="3">Loans: Noncash budget receipts</th><th>Reimbursement for administrative expense 3/</th><th>Equals: Cash budget receipts</th></tr><tr><th></th><th></th><th></th><th></th><th colspan="3">Payments to Treasury by Government agencies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>R. F. C.</th><th>Interest</th><th>Other</th><th>Repayment of capital stock and paid-in surplus 3/</th><th></th></tr><tr><td>1946</td><td>40,027</td><td>-970</td><td>155</td><td>90</td><td>27</td><td>-</td><td>-</td><td>37</td><td>38,902</td></tr><tr><td>1947</td><td>40,043</td><td>-19</td><td>120</td><td>91</td><td>13</td><td>-</td><td>-</td><td>16</td><td>39,894</td></tr><tr><td>1948</td><td>42,211</td><td>-10</td><td>396</td><td>89</td><td>23</td><td>270</td><td>-</td><td>14</td><td>41,804</td></tr><tr><td>1949</td><td>38,246</td><td>-4</td><td>96</td><td>1</td><td>34</td><td>38</td><td>-</td><td>24</td><td>38,145</td></tr><tr><td>1950</td><td>37,045</td><td>-1</td><td>119</td><td>17</td><td>57</td><td>27</td><td>-</td><td>17</td><td>36,925</td></tr><tr><td>1951</td><td>48,143</td><td>-1</td><td>255</td><td>20</td><td>149</td><td>65</td><td>-</td><td>21</td><td>47,887</td></tr><tr><td>1952</td><td>62,129</td><td>-1</td><td>137</td><td>5</td><td>95</td><td>10</td><td>-</td><td>-</td><td>61,991</td></tr><tr><td>1953</td><td>65,218</td><td>*</td><td>210</td><td>4</td><td>140</td><td>-</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>171</td><td>-</td><td>-</td><td>34</td><td>68,096</td></tr><tr><td>1955-January</td><td>5,051</td><td>*</td><td>43</td><td>2</td><td>34</td><td>-</td><td>-</td><td>8</td><td>5,018</td></tr><tr><td>February</td><td>2,479</td><td>*</td><td>3</td><td>-</td><td>1</td><td>-</td><td>-</td><td>2</td><td>2,475</td></tr><tr><td>March</td><td>10,502</td><td>*</td><td>2</td><td>*</td><td>*</td><td>-</td><td>-</td><td>2</td><td>10,499</td></tr><tr><td>April</td><td>2,849</td><td>*</td><td>3</td><td>*</td><td>1</td><td>-</td><td>-</td><td>2</td><td>2,846</td></tr><tr><td>May</td><td>4,380</td><td>*</td><td>4</td><td>-</td><td>2</td><td>-</td><td>-</td><td>2</td><td>4,375</td></tr><tr><td>June</td><td>9,744</td><td>*</td><td>49</td><td>*</td><td>46</td><td>-</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>-</td><td>2</td><td>3,277</td></tr><tr><td>August</td><td>4,568</td><td>*</td><td>3</td><td>-</td><td>*</td><td>-</td><td>-</td><td>3</td><td>4,565</td></tr><tr><td>September</td><td>6,041</td><td>*</td><td>43</td><td>-</td><td>*</td><td>-</td><td>-</td><td>43</td><td>5,998</td></tr></table>
Source: See Table 1.
1/ For further detail, see "Budget Receipts and Expenditures", Table 1.
2/ Deduction from budget receipts of the tax refunds represented by these bonds is treated as a noncash deduction at the time of issuance of the bonds and as a cash deduction at the time of redemption of the bonds (see Table 5); net issuance, or redemption (-).
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.
12
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="6">Lease: Noncash budget expenditures</th><th colspan="2">Payments to Treasury by Government agencies</th><th rowspan="2">Equals: Cash budget expenditures</th></tr><tr><th>Total</th><th>On earnings bonds and Treasury bills 2/</th><th>To Government corporations not wholly owned 3/</th><th>To trust funds and accounts</th><th>Transfers to trust accounts</th><th>Payroll deductions for Government employee's retirement</th><th>Budget expenditures involving issuance of Federal securities 4/</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>-66</td><td>-</td><td>118</td><td>18</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>616</td><td>1,361</td><td>259</td><td>1,846</td><td>-8</td><td>1,366</td><td>105</td><td>31</td><td>33,190</td></tr><tr><td>1948</td><td>33,791</td><td>1,309</td><td>559</td><td>24</td><td>746</td><td>1,178</td><td>236</td><td>-1,221</td><td>-4</td><td>-350</td><td>112</td><td>30</td><td>32,432</td></tr><tr><td>1949</td><td>40,057</td><td>2,540</td><td>590</td><td>29</td><td>811</td><td>916</td><td>327</td><td>-164</td><td>-2</td><td>-25</td><td>33</td><td>6</td><td>37,517</td></tr><tr><td>1950</td><td>40,167</td><td>3,190</td><td>574</td><td>32</td><td>880</td><td>1,383</td><td>358</td><td>-95</td><td>-2</td><td>-41</td><td>73</td><td>28</td><td>36,977</td></tr><tr><td>1951</td><td>44,633</td><td>2,837</td><td>638</td><td>31</td><td>892</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>3,566</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>74,607</td><td>3,469</td><td>719</td><td>37</td><td>1,094</td><td>1,079</td><td>420</td><td>-24</td><td>-1</td><td>-</td><td>144</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>1953-Jan.</td><td>5,737</td><td>182</td><td>84</td><td>-</td><td>2</td><td>20</td><td>43</td><td>-2</td><td>*</td><td>-</td><td>35</td><td>-</td><td>5,555</td></tr><tr><td>Feb.</td><td>5,525</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>123</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>6,059</td></tr><tr><td>Apr.</td><td>6,362</td><td>121</td><td>42</td><td>5</td><td>28</td><td>13</td><td>35</td><td>-2</td><td>*</td><td>-</td><td>1</td><td>-</td><td>6,241</td></tr><tr><td>May.</td><td>6,241</td><td>178</td><td>48</td><td>*</td><td>4</td><td>92</td><td>33</td><td>-1</td><td>*</td><td>-</td><td>2</td><td>-</td><td>6,063</td></tr><tr><td>June.</td><td>7,988</td><td>977</td><td>71</td><td>13</td><td>753</td><td>59</td><td>36</td><td>-1</td><td>*</td><td>-</td><td>46</td><td>-</td><td>7,011</td></tr><tr><td>July.</td><td>6,068</td><td>228</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><tr><td>Aug.</td><td>6,042</td><td>221</td><td>28</td><td>-</td><td>*</td><td>157</td><td>37</td><td>-1</td><td>*</td><td>-</td><td>*</td><td>-</td><td>5,821</td></tr><tr><td>Sept.</td><td>6,119</td><td>129</td><td>22</td><td>1</td><td>12</td><td>60</td><td>35</td><td>-1</td><td>*</td><td>-</td><td>*</td><td>-</td><td>5,991</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 be-
cause they are treated as negative expenditures when received by corporations.
4/ Treated as noncash expenditures at the time of issuance and as cash expenditures at the time of redemption; net issuance, or redemption (-).
* Less than $500,000.
Table 4.- Derivation of Cash Trust Account Transactions
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total trust account receipts</th><th colspan="5">Less: Noncash receipts</th><th rowspan="2">Equals: Cash trust account receipts</th><th rowspan="2">Total trust account and other expend-itures</th><th colspan="3">Less: Noncash expenditures</th><th rowspan="2">Equals: Cash trust account expend-itures</th></tr><tr><th>Total noncash receipts</th><th>Interest on investments in Federal securities</th><th>Transfers shown as budget expenditures</th><th>Payroll deductions for Government employee's retirement</th><th>Other 1/</th><th>Total noncash expendi-tures</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>1946</td><td>7,712</td><td>2,775</td><td>567</td><td>1,927</td><td>281</td><td>-</td><td>4,937</td><td>8,236</td><td>3,919</td><td>3,668</td><td>141</td><td>110</td><td>4,316</td></tr><tr><td>1947</td><td>6,284</td><td>2,538</td><td>646</td><td>1,361</td><td>259</td><td>271</td><td>3,707</td><td>7,347</td><td>4,076</td><td>3,362</td><td>147</td><td>568</td><td>3,270</td></tr><tr><td>1948</td><td>6,515</td><td>2,920</td><td>746</td><td>1,178</td><td>236</td><td>760</td><td>3,595</td><td>6,810</td><td>3,865</td><td>3,060</td><td>-99</td><td>904</td><td>2,944</td></tr><tr><td>1949</td><td>5,714</td><td>2,832</td><td>841</td><td>916</td><td>327</td><td>148</td><td>3,483</td><td>6,209</td><td>2,881</td><td>2,311</td><td>313</td><td>258</td><td>3,328</td></tr><tr><td>1950</td><td>6,669</td><td>2,623</td><td>880</td><td>1,383</td><td>358</td><td>2</td><td>4,046</td><td>6,570</td><td>-298</td><td>-405</td><td>69</td><td>37</td><td>6,868</td></tr><tr><td>1951</td><td>7,796</td><td>2,244</td><td>892</td><td>972</td><td>378</td><td>2</td><td>5,592</td><td>7,117</td><td>3,310</td><td>3,369</td><td>187</td><td>-246</td><td>3,807</td></tr><tr><td>1952</td><td>8,807</td><td>2,705</td><td>987</td><td>1,305</td><td>411</td><td>3</td><td>6,102</td><td>8,660</td><td>3,713</td><td>3,355</td><td>281</td><td>77</td><td>4,947</td></tr><tr><td>1953</td><td>8,932</td><td>2,595</td><td>1,094</td><td>1,079</td><td>420</td><td>2</td><td>6,336</td><td>8,495</td><td>3,377</td><td>3,068</td><td>232</td><td>56</td><td>5,138</td></tr><tr><td>1954 (Est.)</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>152</td><td>-115</td><td>6,558</td></tr><tr><td>1953-Jan.</td><td>286</td><td>65</td><td>2</td><td>20</td><td>43</td><td>-</td><td>221</td><td>397</td><td>109</td><td>-112</td><td>242</td><td>-21</td><td>287</td></tr><tr><td>Feb.</td><td>920</td><td>128</td><td>2</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>344</td></tr><tr><td>Mar.</td><td>649</td><td>106</td><td>13</td><td>58</td><td>35</td><td>-</td><td>543</td><td>846</td><td>89</td><td>61</td><td>38</td><td>-11</td><td>757</td></tr><tr><td>Apr.</td><td>443</td><td>75</td><td>28</td><td>13</td><td>35</td><td>-</td><td>368</td><td>650</td><td>159</td><td>144</td><td>-33</td><td>47</td><td>491</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>215</td></tr><tr><td>June.</td><td>1,338</td><td>848</td><td>753</td><td>59</td><td>36</td><td>-</td><td>490</td><td>1,240</td><td>693</td><td>840</td><td>-104</td><td>-43</td><td>548</td></tr><tr><td>July.</td><td>429</td><td>91</td><td>*</td><td>53</td><td>38</td><td>-</td><td>338</td><td>664</td><td>37</td><td>80</td><td>-19</td><td>-24</td><td>627</td></tr><tr><td>Aug.</td><td>1,158</td><td>196</td><td>*</td><td>197</td><td>37</td><td>2</td><td>962</td><td>898</td><td>400</td><td>410</td><td>-14</td><td>4</td><td>450</td></tr><tr><td>Sept.</td><td>1,02</td><td>107</td><td>12</td><td>60</td><td>35</td><td>-</td><td>375</td><td>447</td><td>37</td><td>22</td><td>49</td><td>-34</td><td>409</td></tr></table>
Source: See Table 1.
1/ Includes proceeds of ship sales carried in trust accounts pending allocation to the budgetary accounts of the Treasury, and District of Columbia contribution for employee's retirement fund. Figures for 1947 and 1948 include $33 million and $8 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 or 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 employees' retirement fund; payment of earnings or repayment of capital stock and paid-in surplus by corporations not wholly owned; and net redemption, or issuance (-), in the market of securities of Government agencies.
* Less than $500,000.
November 1955
13
TREASURY CASH INCOME AND OUTGO
Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Increase, or decrease (-), in Federal securities outstanding</th><th colspan="7">Less: Noncash debt transactions</th><th rowspan="2">Flus: Net cash outflows or in-flows</th><th rowspan="2">Equival. Net cash borrowing, or repayment of borrowing (-) 2/</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>Issuance of Federal securities resulting from budget expenditures, etc., or refunds of receipts</th><th>Interest on savings bonds and Treasury bills</th><th>Net transactions in guaranteed securities not reflected in Treasurer's accounts</th><th>Cash issuance of non-guaranteed securities of Federal agencies</th></tr><tr><td>1946</td><td>10,740</td><td>43</td><td>10,783</td><td>3,409</td><td>3,668</td><td>159</td><td>-86</td><td>425</td><td>203</td><td>66</td><td>7,439</td></tr><tr><td>1947</td><td>-11,136</td><td>-387</td><td>-11,523</td><td>7,922</td><td>3,352</td><td>178</td><td>-8</td><td>467</td><td>-</td><td>28</td><td>-13,389</td></tr><tr><td>1948</td><td>-5,994</td><td>-16</td><td>-6,010</td><td>1,394</td><td>3,060</td><td>-69</td><td>-4</td><td>559</td><td>-</td><td>123</td><td>-7,280</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>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>-35</td><td>574</td><td>-</td><td>-14</td><td>4,231</td></tr><tr><td>1951</td><td>-2,135</td><td>10</td><td>-2,126</td><td>4,045</td><td>3,369</td><td>187</td><td>-150</td><td>638</td><td>-</td><td>374</td><td>-5,795</td></tr><tr><td>1952</td><td>3,983</td><td>16</td><td>3,990</td><td>4,336</td><td>3,355</td><td>282</td><td>-68</td><td>779</td><td>-</td><td>-538</td><td>-595</td></tr><tr><td>1953</td><td>6,966</td><td>7</td><td>6,972</td><td>4,023</td><td>3,008</td><td>232</td><td>-24</td><td>719</td><td>-</td><td>-32</td><td>2,918</td></tr><tr><td>1954 (Ret.)</td><td>5,029</td><td>-25</td><td>5,004</td><td>3,432</td><td>2,800</td><td>152</td><td>-80</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>84</td><td>-</td><td>35</td><td>-173</td></tr><tr><td>Feb.</td><td>182</td><td>2</td><td>184</td><td>227</td><td>223</td><td>-54</td><td>-2</td><td>40</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>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>42</td><td>-</td><td>-51</td><td>-97</td></tr><tr><td>May</td><td>1,330</td><td>*</td><td>1,930</td><td>544</td><td>411</td><td>42</td><td>-1</td><td>48</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>840</td><td>-104</td><td>-1</td><td>71</td><td>-</td><td>33</td><td>-1,222</td></tr><tr><td>July.</td><td>6,998</td><td>11</td><td>6,609</td><td>169</td><td>80</td><td>-29</td><td>-1</td><td>109</td><td>-</td><td>15</td><td>6,496</td></tr><tr><td>Aug.</td><td>536</td><td>*</td><td>537</td><td>411</td><td>410</td><td>-14</td><td>-1</td><td>28</td><td>-</td><td>1</td><td>157</td></tr><tr><td>Sept.</td><td>-269</td><td>*</td><td>-268</td><td>80</td><td>22</td><td>49</td><td>-1</td><td>22</td><td>-</td><td>75</td><td>-274</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. Include borrowing through Postal Saving System. * Less than $500,000.
14
Treasury Bulletin
DEBT OUTSTANDING AND GENERAL FUND
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th>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></tr><tr><th></th><th>Total</th><th>Public debt</th><th>Guaranteed securities/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities/</th><th>Total</th><th>Public debt</th><th>Monetary fund</th><th>Other</th><th>Guaranteed securities/ (matured)</th></tr><tr><td>1946</td><td>269,898</td><td>269,422</td><td>476</td><td>268,578</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>258,376</td><td>258,286</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>1,724</td><td>1,218</td><td>6</td></tr><tr><td>1948</td><td>252,366</td><td>252,292</td><td>73</td><td>250,132</td><td>250,063</td><td>69</td><td>2,234</td><td>2,229</td><td>280</td><td>1,151</td><td>788</td><td>5</td></tr><tr><td>1949</td><td>252,798</td><td>252,770</td><td>27</td><td>250,785</td><td>250,762</td><td>24</td><td>2,012</td><td>2,009</td><td>245</td><td>1,063</td><td>701</td><td>3</td></tr><tr><td>1950</td><td>257,377</td><td>257,357</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>252,879</td><td>252,892</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>256,863</td><td>44</td><td>2,244</td><td>2,242</td><td>419</td><td>1,274</td><td>550</td><td>1</td></tr><tr><td>1953</td><td>266,123</td><td>266,071</td><td>52</td><td>263,977</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>Debt peak: Feb. 1946</td><td>279,764</td><td>279,214</td><td>551</td><td>278,451</td><td>277,912</td><td>539</td><td>1,333</td><td>1,301</td><td>238</td><td>-</td><td>1,063</td><td>12</td></tr><tr><td>1952-December</td><td>267,445</td><td>267,391</td><td>54</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>2,080</td><td>2,079</td><td>286</td><td>1,298</td><td>535</td><td>1</td></tr><tr><td>February</td><td>267,634</td><td>267,584</td><td>50</td><td>265,538</td><td>265,489</td><td>49</td><td>2,096</td><td>2,094</td><td>284</td><td>1,277</td><td>533</td><td>1</td></tr><tr><td>March</td><td>264,536</td><td>264,495</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>1,298</td><td>531</td><td>1</td></tr><tr><td>April</td><td>264,642</td><td>264,590</td><td>52</td><td>262,601</td><td>262,550</td><td>51</td><td>2,041</td><td>2,040</td><td>250</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>264,445</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>52</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><tr><td>August</td><td>273,269</td><td>273,206</td><td>63</td><td>271,207</td><td>271,145</td><td>62</td><td>2,062</td><td>2,061</td><td>252</td><td>1,291</td><td>518</td><td>1</td></tr><tr><td>September</td><td>273,001</td><td>272,937</td><td>64</td><td>270,806</td><td>270,744</td><td>63</td><td>2,195</td><td>2,193</td><td>398</td><td>1,280</td><td>516</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>End of fiscal year or month</th><th>Total interest-bearing public debt</th><th>Total public issues</th><th colspan="6">Marketable</th><th colspan="5">Public issues</th><th colspan="2">Nonmarketable</th><th>Special issues</th></tr><tr><th></th><th></th><th>Total</th><th>Bills</th><th>Certificate</th><th>Notes</th><th>Treasury bonds</th><th>Bank re-eligible 1/2</th><th>Other bonds 2/</th><th>Total</th><th>U.S. savings bonds</th><th>Treasury savings notes</th><th>Armed forces leave bonds</th><th>Treasury bonds, investment series</th><th>Other 3/</th><th></th></tr><tr><td>1946</td><td>268,111</td><td>245,779</td><td>189,606</td><td>17,039</td><td>34,804</td><td>18,261</td><td>65,934</td><td>53,459</td><td>190</td><td>56,173</td><td>49,035</td><td>6,711</td><td>-</td><td>427</td><td>22,332</td></tr><tr><td>1947</td><td>255,113</td><td>227,747</td><td>168,702</td><td>15,775</td><td>25,296</td><td>8,142</td><td>69,696</td><td>49,636</td><td>166</td><td>59,045</td><td>51,367</td><td>5,360</td><td>1,793</td><td>-</td><td>325</td><td>27,366</td></tr><tr><td>1948</td><td>250,063</td><td>219,852</td><td>160,346</td><td>13,757</td><td>22,508</td><td>11,375</td><td>62,826</td><td>49,636</td><td>164</td><td>59,506</td><td>53,274</td><td>4,394</td><td>563</td><td>959</td><td>316</td><td>30,211</td></tr><tr><td>1949</td><td>250,762</td><td>217,986</td><td>155,147</td><td>11,516</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>56,260</td><td>4,860</td><td>396</td><td>954</td><td>369</td><td>32,776</td></tr><tr><td>1950</td><td>255,209</td><td>222,853</td><td>155,310</td><td>13,533</td><td>18,418</td><td>20,404</td><td>53,159</td><td>49,636</td><td>160</td><td>61,544</td><td>57,536</td><td>8,472</td><td>297</td><td>954</td><td>285</td><td>32,356</td></tr><tr><td>1951</td><td>252,852</td><td>218,198</td><td>137,917</td><td>13,614</td><td>9,509</td><td>35,806</td><td>42,772</td><td>36,061</td><td>156</td><td>80,281</td><td>57,572</td><td>7,818</td><td>47</td><td>14,526</td><td>319</td><td>34,693</td></tr><tr><td>1952</td><td>256,863</td><td>219,124</td><td>140,407</td><td>17,219</td><td>28,423</td><td>18,961</td><td>48,200</td><td>27,460</td><td>142</td><td>78,717</td><td>57,685</td><td>6,612</td><td>-</td><td>14,046</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>17,245</td><td>124</td><td>76,073</td><td>57,806</td><td>4,453</td><td>-</td><td>13,288</td><td>447</td><td>40,538</td></tr><tr><td>Debt peak:</td><td>Feb. 1946</td><td>277,912</td><td>257,016</td><td>199,810</td><td>17,032</td><td>41,413</td><td>19,551</td><td>68,207</td><td>53,427</td><td>180</td><td>57,206</td><td>48,692</td><td>8,043</td><td>-</td><td>471</td><td>20,897</td></tr><tr><td>1950-Dec</td><td>265,293</td><td>226,143</td><td>148,581</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>57,940</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>226,226</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>77,652</td><td>58,134</td><td>5,010</td><td>-</td><td>13,440</td><td>402</td><td>39,097</td></tr><tr><td>Feb</td><td>265,489</td><td>226,187</td><td>148,445</td><td>21,710</td><td>15,958</td><td>30,232</td><td>59,359</td><td>21,012</td><td>124</td><td>77,742</td><td>58,268</td><td>5,042</td><td>-</td><td>13,433</td><td>399</td><td>39,302</td></tr><tr><td>Mar</td><td>268,380</td><td>223,025</td><td>145,988</td><td>19,211</td><td>15,959</td><td>30,387</td><td>59,358</td><td>21,009</td><td>124</td><td>77,037</td><td>58,371</td><td>4,879</td><td>-</td><td>13,387</td><td>400</td><td>39,354</td></tr><tr><td>Apr</td><td>262,550</td><td>223,077</td><td>146,133</td><td>19,312</td><td>15,959</td><td>30,375</td><td>63,114</td><td>17,249</td><td>124</td><td>76,944</td><td>58,413</td><td>4,798</td><td>-</td><td>13,340</td><td>393</td><td>39,474</td></tr><tr><td>May</td><td>264,445</td><td>228,735</td><td>148,324</td><td>19,913</td><td>15,959</td><td>30,411</td><td>64,671</td><td>17,248</td><td>124</td><td>76,411</td><td>57,920</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>17,245</td><td>124</td><td>76,073</td><td>57,806</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>30,455</td><td>63,989</td><td>17,243</td><td>107</td><td>76,252</td><td>57,871</td><td>4,706</td><td>-</td><td>13,231</td><td>444</td><td>40,506</td></tr><tr><td>Aug</td><td>271,145</td><td>230,157</td><td>153,694</td><td>20,208</td><td>21,655</td><td>30,492</td><td>63,992</td><td>17,240</td><td>107</td><td>76,463</td><td>57,851</td><td>4,977</td><td>-</td><td>13,194</td><td>441</td><td>40,388</td></tr><tr><td>Sept</td><td>270,744</td><td>229,785</td><td>152,804</td><td>19,508</td><td>26,369</td><td>33,578</td><td>59,837</td><td>13,406</td><td>107</td><td>76,982</td><td>57,195</td><td>5,639</td><td>-</td><td>13,088</td><td>459</td><td>40,958</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 each such issue becomes bank eligible, see "Debt Operations", Table 1.
2/ Consists of postal savings and Panama Canal bonds, and also conversion bonds prior to 1947.
3/ Consists of depositary bonds.
November 1955
15
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 home loan banks</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Government employee retirement fund</th><th>Government Life Insurance Fund</th><th>National Service Life Insurance Fund</th><th>Postal Savings System</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>Other</th></tr><tr><td>1946</td><td>22,332</td><td>120</td><td>-</td><td>5,910</td><td>49</td><td>2,177</td><td>684</td><td>5,210</td><td>792</td><td>697</td><td>6,699</td><td>12</td></tr><tr><td>1947</td><td>27,366</td><td>408</td><td>-</td><td>7,104</td><td>62</td><td>2,460</td><td>1,254</td><td>6,474</td><td>1,628</td><td>806</td><td>7,112</td><td>39</td></tr><tr><td>1948</td><td>30,211</td><td>549</td><td>37</td><td>7,709</td><td>74</td><td>2,823</td><td>1,286</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>32,776</td><td>666</td><td>117</td><td>9,003</td><td>95</td><td>3,270</td><td>1,318</td><td>7,288</td><td>1,952</td><td>1,720</td><td>7,340</td><td>7</td></tr><tr><td>1950</td><td>32,356</td><td>803</td><td>119</td><td>10,418</td><td>79</td><td>3,317</td><td>1,292</td><td>5,342</td><td>1,802</td><td>2,055</td><td>6,616</td><td>6</td></tr><tr><td>1951</td><td>34,653</td><td>868</td><td>77</td><td>12,096</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>5,191</td><td>582</td><td>2,863</td><td>7,785</td><td>7</td></tr><tr><td>1953</td><td>40,538</td><td>846</td><td>50</td><td>15,532</td><td>61</td><td>5,602</td><td>1,299</td><td>5,249</td><td>495</td><td>3,128</td><td>8,287</td><td>32</td></tr><tr><td>1952-December</td><td>39,150</td><td>894</td><td>44</td><td>14,734</td><td>56</td><td>5,370</td><td>1,285</td><td>5,164</td><td>580</td><td>2,930</td><td>8,123</td><td>17</td></tr><tr><td>1953-January</td><td>39,097</td><td>912</td><td>51</td><td>14,746</td><td>56</td><td>5,318</td><td>1,282</td><td>5,154</td><td>512</td><td>2,956</td><td>8,038</td><td>11</td></tr><tr><td>February</td><td>39,302</td><td>904</td><td>50</td><td>14,777</td><td>56</td><td>5,338</td><td>1,280</td><td>5,169</td><td>499</td><td>3,008</td><td>8,159</td><td>15</td></tr><tr><td>March</td><td>39,354</td><td>895</td><td>50</td><td>14,918</td><td>56</td><td>5,388</td><td>1,276</td><td>5,129</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>5,149</td><td>495</td><td>2,996</td><td>8,061</td><td>19</td></tr><tr><td>May</td><td>39,710</td><td>831</td><td>50</td><td>15,204</td><td>58</td><td>5,389</td><td>1,264</td><td>5,129</td><td>463</td><td>3,033</td><td>8,264</td><td>25</td></tr><tr><td>June</td><td>40,538</td><td>846</td><td>50</td><td>15,532</td><td>61</td><td>5,602</td><td>1,299</td><td>5,249</td><td>452</td><td>3,128</td><td>8,287</td><td>32</td></tr><tr><td>July</td><td>40,594</td><td>846</td><td>50</td><td>15,618</td><td>52</td><td>5,605</td><td>1,295</td><td>5,289</td><td>452</td><td>3,135</td><td>8,284</td><td>7</td></tr><tr><td>August</td><td>40,988</td><td>846</td><td>50</td><td>15,682</td><td>53</td><td>5,643</td><td>1,295</td><td>5,259</td><td>435</td><td>3,188</td><td>8,289</td><td>7</td></tr><tr><td>September</td><td>40,958</td><td>816</td><td>50</td><td>15,754</td><td>54</td><td>5,642</td><td>1,292</td><td>5,289</td><td>419</td><td>3,201</td><td>8,475</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 rowspan="2">Total interest-bearing securities</th><th colspan="8">Computed annual interest rate</th><th rowspan="2">Guaranteed securities 1/</th></tr><tr><th>Amount outstanding</th><th>Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Total public debt</th><th>Total 2/</th><th>Bills 3/</th><th>Certificates</th><th>Notes</th><th>Treasury bonds</th><th>Non-marketable issues 1/</th><th>Special issues</th></tr><tr><td>1946</td><td>268,578</td><td>268,111</td><td>5,357</td><td>1,995</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>1947</td><td>255,197</td><td>255,113</td><td>5,376</td><td>2,107</td><td>2,107</td><td>1,971</td><td>.382</td><td>.875</td><td>1,448</td><td>2,307</td><td>2,593</td><td>2,510</td><td>1,758</td></tr><tr><td>1948</td><td>250,132</td><td>250,063</td><td>5,457</td><td>2,182</td><td>2,182</td><td>1,942</td><td>1.014</td><td>1.342</td><td>1.204</td><td>2.309</td><td>2.683</td><td>2.588</td><td>1.924</td></tr><tr><td>1949</td><td>250,785</td><td>250,762</td><td>5,606</td><td>2,236</td><td>2,236</td><td>2,001</td><td>1.176</td><td>1.225</td><td>1.375</td><td>2.313</td><td>2.689</td><td>2.596</td><td>2.210</td></tr><tr><td>1950</td><td>255,226</td><td>255,209</td><td>5,613</td><td>2,200</td><td>2,200</td><td>1,958</td><td>1.187</td><td>1.163</td><td>1.314</td><td>2.322</td><td>2.569</td><td>2.589</td><td>2.680</td></tr><tr><td>1951</td><td>252,879</td><td>252,892</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>2.655</td></tr><tr><td>1952</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>1.111</td><td>1.875</td><td>1.560</td><td>2.317</td><td>2.659</td><td>2.675</td><td>2.370</td></tr><tr><td>1953</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>2.254</td><td>2.319</td><td>1.754</td><td>2.342</td><td>2.720</td><td>2.746</td><td>2.575</td></tr><tr><td>1953-January</td><td>265,370</td><td>265,323</td><td>6,263</td><td>2,361</td><td>2,361</td><td>2,112</td><td>2.008</td><td>1.897</td><td>1.755</td><td>2.320</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>6,311</td><td>2,378</td><td>2,378</td><td>2,141</td><td>2.047</td><td>2.088</td><td>1.755</td><td>2.321</td><td>2.681</td><td>2.677</td><td>2.577</td></tr><tr><td>March</td><td>262,430</td><td>262,380</td><td>6,257</td><td>2,385</td><td>2,385</td><td>2,146</td><td>2.074</td><td>2.088</td><td>1.754</td><td>2.321</td><td>2.690</td><td>2.677</td><td>2.575</td></tr><tr><td>April</td><td>262,601</td><td>262,550</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>1.754</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>2.254</td><td>2.319</td><td>1.754</td><td>2.342</td><td>2.720</td><td>2.746</td><td>2.575</td></tr><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>2,214</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>2.556</td></tr><tr><td>August</td><td>271,207</td><td>271,145</td><td>6,620</td><td>2,443</td><td>2,443</td><td>2,221</td><td>2.187</td><td>2.450</td><td>1.753</td><td>2.342</td><td>2.723</td><td>2.750</td><td>2.561</td></tr><tr><td>September</td><td>270,806</td><td>270,744</td><td>6,648</td><td>2,456</td><td>2,456</td><td>2,242</td><td>2.067</td><td>2.482</td><td>1.852</td><td>2.380</td><td>2.723</td><td>2.751</td><td>2.560</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
4/ The annual interest charge and annual interest rate on United States savings bonds are computed on the basis of the rate to maturity applied against the amount outstanding.
16
Treasury Bulletin
DEBT OUTSTANDING AND GENERAL FUND
Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies 1/
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Commodity Credit Corporation</th><th>Defense Production Act 2/</th><th>Export-Import Bank of Washington 3/</th><th>Housing and Home Finance Administrator 4/</th><th>Foreign Operations Administration 5/</th><th>Public Housing Administration</th><th>Reconstruction Finance Corporation 3/</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>9,205</td><td>-</td><td>-</td><td>57</td><td>750</td></tr><tr><td>1947</td><td>11,946</td><td>510</td><td>-</td><td>516</td><td>-</td><td>-</td><td>347</td><td>9,966</td><td>-</td><td>-</td><td>56</td><td>550</td></tr><tr><td>1948</td><td>2,789</td><td>440</td><td>-</td><td>971</td><td>-</td><td>-</td><td>362</td><td>8/</td><td>718</td><td>-</td><td>54</td><td>244</td></tr><tr><td>1949</td><td>6,851</td><td>1,669</td><td>-</td><td>914</td><td>-</td><td>798</td><td>337</td><td>1,856</td><td>1,015</td><td>-</td><td>52</td><td>226</td></tr><tr><td>1950</td><td>8,423</td><td>3,193</td><td>-</td><td>964</td><td>1</td><td>964</td><td>349</td><td>1,456</td><td>1,281</td><td>65</td><td>49</td><td>100</td></tr><tr><td>1951</td><td>9,097</td><td>2,555</td><td>158</td><td>1,040</td><td>1,579</td><td>1,097</td><td>489</td><td>274</td><td>1,540</td><td>114</td><td>44</td><td>207</td></tr><tr><td>1952</td><td>9,636</td><td>1,970</td><td>395</td><td>1,088</td><td>2,082</td><td>1,150</td><td>655</td><td>197</td><td>1,751</td><td>131</td><td>39</td><td>178</td></tr><tr><td>1953</td><td>12,196</td><td>3,612</td><td>416</td><td>1,227</td><td>2,513</td><td>1,189</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>1,895</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>1,130</td><td>778</td><td>184</td><td>1,829</td><td>171</td><td>34</td><td>247</td></tr><tr><td>Mar.</td><td>11,079</td><td>2,763</td><td>343</td><td>1,139</td><td>2,419</td><td>1,138</td><td>703</td><td>183</td><td>1,895</td><td>171</td><td>34</td><td>247</td></tr><tr><td>Apr.</td><td>11,331</td><td>2,931</td><td>369</td><td>1,139</td><td>2,472</td><td>1,185</td><td>628</td><td>183</td><td>1,950</td><td>171</td><td>34</td><td>270</td></tr><tr><td>May.</td><td>11,902</td><td>3,414</td><td>359</td><td>1,159</td><td>2,495</td><td>1,188</td><td>678</td><td>183</td><td>1,950</td><td>171</td><td>34</td><td>270</td></tr><tr><td>June.</td><td>12,196</td><td>3,612</td><td>416</td><td>1,227</td><td>2,513</td><td>1,189</td><td>655</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>2,563</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><tr><td>Aug.</td><td>12,532</td><td>3,798</td><td>424</td><td>1,373</td><td>2,572</td><td>1,191</td><td>581</td><td>159</td><td>1,983</td><td>152</td><td>29</td><td>270</td></tr><tr><td>Sept.</td><td>12,832</td><td>3,962</td><td>429</td><td>1,429</td><td>2,564</td><td>1,192</td><td>619</td><td>159</td><td>1,983</td><td>172</td><td>29</td><td>294</td></tr></table>
Source: Daily Treasury Statement
1/ The securities shown in this table were issued to the Treasury to finance Government corporations and to meet with the Treasury itself reserve the necessary funds through public debt operations. To avoid duplication, these securities are not included in the guaranteed debt outstanding as shown in preceding tables.
2/ Approved September 6, 1950. Securities consist of notes of the Secretary of the Interior; Minerals Explorations Administration, Reclamation, Finance Corporation, Export-Import Bank of Washington, and the Administrator of the General Services Administration, to which have been transferred the functions of the Defense Materials Procurement Agency pursuant to Executive Order 10450, dated August 14, 1953.
3/ Excludes securities issued under the Public Works Production Act.
4/ Consists of securities of the Veterans' Federal National Mortgage Association and prefabricated housing loans program, transferred from the Reconstruc-
tion Finance Corporation beginning September 1950; and housing loans for educational institutions, beginning July 1951. 5/ This Administration superseded the Mutual Security Agency on August 1, 1953, pursuant to Reorganization Plan No. 7 of 1953 and Executive Order 10476, dated August 1, 1953. 6/ For Farmers' Home Administration program. 7/ Consists of notes issued by Federal Farm Mortgage Corporation and Home Owners' Loan Corporation prior to 1950; Virgin Islands Company 1948-49, and Secretary of the Army (Natural Fibers Revolving Fund) 1949-51, and advances under agreement with Veterans' Administration for direct loan program beginning August 1952. 8/ Notes outstanding in the amount of $9,365 million, including interest, were canceled on June 30, 1948, 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="2">Total</th><th colspan="4">Assets</th><th rowspan="2">Liabilities</th><th rowspan="2">Balance in the General Fund</th></tr><tr><th></th><th>Bullion, coin, and currency</th><th>Deposits in Federal Reserve Banks</th><th>Deposits in special depositories</th><th>Other deposits and collections</th></tr><tr><th></th><th>Gold</th><th>Other</th><th>Available funds</th><th>In process of collection</th><th>1/</th><th></th><th></th><th></th></tr><tr><td>1946</td><td>1k,708</td><td>150</td><td>2k,3</td><td>1,006</td><td>-</td><td>12,993</td><td>305</td><td>470</td><td>1k,238</td></tr><tr><td>1947</td><td>3,730</td><td>1,023</td><td>232</td><td>1,802</td><td>-</td><td>962</td><td>310</td><td>422</td><td>3,308</td></tr><tr><td>1948</td><td>5,370</td><td>1,073</td><td>191</td><td>1,928</td><td>123</td><td>1,773</td><td>283</td><td>47</td><td>4,932</td></tr><tr><td>1949</td><td>3,862</td><td>1,022</td><td>219</td><td>1,438</td><td>103</td><td>1,771</td><td>309</td><td>352</td><td>3,470</td></tr><tr><td>1950</td><td>5,927</td><td>1,052</td><td>191</td><td>950</td><td>143</td><td>3,268</td><td>323</td><td>410</td><td>5,517</td></tr><tr><td>1951</td><td>7,871</td><td>1,046</td><td>176</td><td>338</td><td>250</td><td>5,680</td><td>380</td><td>514</td><td>7,337</td></tr><tr><td>1952</td><td>7,481</td><td>1,009</td><td>194</td><td>333</td><td>355</td><td>5,106</td><td>484</td><td>512</td><td>6,969</td></tr><tr><td>1953</td><td>5,096</td><td>984</td><td>161</td><td>132</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>6,582</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>6,278</td><td>1,002</td><td>194</td><td>811</td><td>350</td><td>3,318</td><td>603</td><td>589</td><td>5,689</td></tr><tr><td>February</td><td>6,554</td><td>989</td><td>186</td><td>351</td><td>174</td><td>4,376</td><td>488</td><td>540</td><td>6,024</td></tr><tr><td>March</td><td>7,351</td><td>1,002</td><td>179</td><td>222</td><td>448</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>986</td><td>169</td><td>393</td><td>150</td><td>1,859</td><td>513</td><td>517</td><td>3,282</td></tr><tr><td>May</td><td>4,056</td><td>988</td><td>172</td><td>221</td><td>108</td><td>2,109</td><td>489</td><td>447</td><td>3,639</td></tr><tr><td>June</td><td>5,096</td><td>984</td><td>161</td><td>132</td><td>210</td><td>3,071</td><td>538</td><td>426</td><td>4,670</td></tr><tr><td>July</td><td>9,115</td><td>999</td><td>186</td><td>548</td><td>181</td><td>6,690</td><td>550</td><td>374</td><td>8,741</td></tr><tr><td>August</td><td>8,113</td><td>993</td><td>158</td><td>496</td><td>96</td><td>5,825</td><td>545</td><td>439</td><td>7,674</td></tr><tr><td>September</td><td>7,854</td><td>1,002</td><td>161</td><td>642</td><td>183</td><td>5,255</td><td>611</td><td>376</td><td>7,478</td></tr></table>
Source: Daily Treasury Statement. 1/ On account of withheld taxes and sales of Government securities
November 1955
17
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, September 30, 1953
(In millions of dollars)
<table><tr><td>Maximum amount of securities which may be outstanding at any one time, under limitation imposed by the act of June 26, 1946 (31 U.S.C. 757 b).</td><td>275,000</td></tr><tr><td>Amount of securities outstanding subject to such statutory debt limitation:</td><td></td></tr><tr><td>U.S. Government securities issued under the Second Liberty Bond Act, as amended.</td><td>272,358</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury).</td><td>64</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>272,422</td></tr><tr><td>Balance leasuble under limitation.</td><td>2,578</td></tr><tr><td>Source: Bureau of the Public Debt.</td><td></td></tr></table>
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding September 30, 1953
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td><b>Public debt:</b></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td></tr><tr><td>Marketable:</td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>19,503</td><td>-</td><td>19,508</td></tr><tr><td>Certificates of indebtedness</td><td>26,369</td><td>-</td><td>26,369</td></tr><tr><td>Treasury notes</td><td>33,378</td><td>-</td><td>33,378</td></tr><tr><td>Treasury bonds - bank eligible</td><td>59,837</td><td>-</td><td>59,837</td></tr><tr><td>Treasury bonds - bank restricted 1/</td><td>13,406</td><td>-</td><td>13,406</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>152,697</td><td>107</td><td>152,804</td></tr><tr><td>Normarketable:</td><td></td><td></td><td></td></tr><tr><td>U.S. savings bonds (current redemption value)</td><td>57,795</td><td>-</td><td>57,795</td></tr><tr><td>Treasury savings notes</td><td>5,639</td><td>-</td><td>5,639</td></tr><tr><td>Depository bonds</td><td>459</td><td>-</td><td>459</td></tr><tr><td>Treasury bonds, investment series</td><td>13,008</td><td>-</td><td>13,008</td></tr><tr><td>Total normarketable</td><td>76,982</td><td>-</td><td>76,982</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>40,958</td><td>-</td><td>40,958</td></tr><tr><td>Total interest-bearing securities</td><td>270,637</td><td>107</td><td>270,744</td></tr><tr><td>Matured securities on which interest has ceased</td><td>393</td><td>5</td><td>398</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>47</td><td>-</td><td>47</td></tr><tr><td>Excess profits tax refund bonds</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Special notes of the United States:</td><td></td><td></td><td></td></tr><tr><td>International Monetary Fund Series</td><td>1,280</td><td>-</td><td>1,280</td></tr><tr><td>United States notes (loes gold reserve)</td><td>-</td><td>191</td><td>191</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>-</td><td>271</td><td>271</td></tr><tr><td>Other debt bearing no interest</td><td>-</td><td>6</td><td>6</td></tr><tr><td>Total debt bearing no interest</td><td>1,329</td><td>467</td><td>1,796</td></tr><tr><td>Total public debt</td><td>272,358</td><td>579</td><td>272,937</td></tr><tr><td><b>Guaranteed securities:</b> 2/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>63</td><td>-</td><td>63</td></tr><tr><td>Natured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>64</td><td>-</td><td>64</td></tr><tr><td>Total public debt and guaranteed securities</td><td>272,422</td><td>579</td><td>273,001</td></tr></table>
Source: Bureau of the Public Debt. 1/ Issues which commercial banks may not acquire prior to specified dates
(with minor exceptions). See "Debt Outstanding", Table 2, footnote 1 2/ Excludes guaranteed securities held by the Treasury.
18
Treasury Bulletin
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding September 30, 1953 1/
(In millions of dollars)
<table><tr><th rowspan="2">Year and month</th><th rowspan="2">Description of security 2/</th><th colspan="3">Amount of maturities</th><th rowspan="2">Date bank restricted issues become eligible 3/</th><th rowspan="2">Year and month</th><th rowspan="2">Description of security 2/</th><th colspan="3">Amount of maturities</th><th rowspan="2">Date bank restricted issues become eligible 3/</th></tr><tr><th>Fixed maturity issues</th><th>Callable issues classified by year of:</th><th>First call</th><th>Final maturity</th><th>Fixed maturity issues</th><th>Callable issues classified by year of:</th><th>First call</th><th>Final maturity</th></tr><tr><td>1953</td><td></td><td></td><td></td><td></td><td></td><td>1957</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>Bills</td><td>7,503</td><td>-</td><td>-</td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>927</td><td>-</td><td>-</td><td>......</td></tr><tr><td>Nov.</td><td>Bills</td><td>6,004</td><td>-</td><td>-</td><td>Apr.</td><td>2-7/8% Note - 3/15/57-A</td><td>2,980</td><td>-</td><td>-</td><td>-</td><td>......</td></tr><tr><td>Dec.</td><td>Bills - 2-1/8% Note - 12/1/53-A</td><td>6,001</td><td>-</td><td>-</td><td>Apr.</td><td>1-1/2% Note - 4/1/57-EA</td><td>531</td><td>-</td><td>-</td><td>-</td><td>......</td></tr><tr><td></td><td>Total</td><td>10,542</td><td>-</td><td>-</td><td>Oct.</td><td>1-1/2% Note - 10/1/57-80</td><td>824</td><td>-</td><td>-</td><td>-</td><td>......</td></tr><tr><td></td><td></td><td>30,049</td><td>-</td><td>-</td><td>Total</td><td>......</td><td>4,336</td><td>927</td><td>-</td><td>-</td><td>......</td></tr><tr><td>1954</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>Feb.</td><td>2-1/4% Certificate - 2/15/54-A</td><td>8,114</td><td>-</td><td>-</td><td>1958</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>1-3/3% Note 2-1/2% Certificate (Tax Anticipation Series) - 3/22/54-C</td><td>4,675</td><td>5,902</td><td>-</td><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>-</td><td>1,449</td><td>-</td><td>......</td></tr><tr><td>June.</td><td>2% Bond 2% Bond 2-1/4% Bond 2% Bond 2-1/4% Bond 2-5/8% Certificate</td><td>5,825</td><td>510</td><td>-</td><td>Apr.</td><td>1-1/2% Note - 4/1/58-EA</td><td>249</td><td>-</td><td>-</td><td>-</td><td>......</td></tr><tr><td></td><td>- 12/15/51-55 - 6/15/52-54 - 12/15/52-54 - 6/15/54-56 - 6/1/54-B</td><td>1,501</td><td>8,662</td><td>-</td><td>June.</td><td>2-3/8% Bond - 6/15/58</td><td>4,245</td><td>-</td><td>919</td><td>-</td><td>......</td></tr><tr><td>Aug.</td><td>2-5/8% Certificate - 8/15/54-D</td><td>2,788</td><td>-</td><td>-</td><td>Dec.</td><td>2-1/2% Bond - 12/15/58</td><td>620</td><td>-</td><td>-</td><td>-</td><td>......</td></tr><tr><td>Sept.</td><td>2-5/8% Certificate - 9/15/54-E</td><td>4,706</td><td>-</td><td>-</td><td>Total</td><td>......</td><td>5,114</td><td>919</td><td>1,449</td><td>-</td><td>......</td></tr><tr><td>Dec.</td><td>2% Bond - 12/15/52-54</td><td>-</td><td>8,662</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>......</td><td>31,044</td><td>11,354</td><td>8,662</td><td>1959</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955</td><td></td><td></td><td></td><td></td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>-</td><td>927</td><td>-</td><td>......</td></tr><tr><td>Mar.</td><td>1-1/2% Note 2-7/8% Bond</td><td>5,365</td><td>2,611</td><td>-</td><td>June.</td><td>2-1/4% Bond - 6/15/59-62</td><td>-</td><td>5,278</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>Sept.</td><td>2-3/8% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>982</td><td>-</td><td>......</td></tr><tr><td>Dec.</td><td>2% Bond 1-3/4% Note</td><td>6,854</td><td>510</td><td>-</td><td>2-1/4% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>3,822</td><td>-</td><td>-</td><td>......</td></tr><tr><td></td><td>- 12/15/51-55 - 12/15/55-B</td><td>-</td><td>-</td><td>-</td><td>Dec.</td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>3,466</td><td>-</td><td>-</td><td>......</td></tr><tr><td>Total</td><td>......</td><td>12,219</td><td>2,611</td><td>2,011</td><td>Total</td><td>......</td><td>-</td><td>8,744</td><td>5,730</td><td>-</td><td>......</td></tr><tr><td>1956</td><td></td><td></td><td></td><td></td><td>1960</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>1,449</td><td>-</td><td>Mar.</td><td>2-7/8% Bond - 3/15/55-60</td><td>-</td><td>-</td><td>2,611</td><td>-</td><td>......</td></tr><tr><td>Apr.</td><td>1-1/2% Note</td><td>1,007</td><td>-</td><td>-</td><td>Dec.</td><td>2-3/4% Bond - 12/15/60-65</td><td>-</td><td>1,485</td><td>-</td><td>-</td><td>......</td></tr><tr><td>June.</td><td>2-1/4% Bond - 6/15/54-56</td><td>-</td><td>681</td><td>-</td><td>Total</td><td>......</td><td>-</td><td>1,485</td><td>2,611</td><td>-</td><td>......</td></tr><tr><td>Sept.</td><td>2-3/4% Bond 2-1/4% Bond</td><td>982</td><td>3,822</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>1-1/2% Note - 10/1/56-80</td><td>550</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>......</td><td>1,557</td><td>6,252</td><td>681</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
November 1955
19
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding September 30, 1953 1/2 - (Continued)
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th><th>Date bank restricted issues 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 issues become bank eligible 3/</th></tr><tr><th></th><th></th><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of: First call Final maturity</th><th></th><th></th><th></th><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of: First call Final maturity</th><th></th></tr><tr><td>1961</td><td>June. 3$ Panama Canal bond - 6/1/61</td><td>50</td><td>-</td><td>-</td><td>1967</td><td>June. 2-1/2% Bond - 6/15/62-67.........</td><td>-</td><td>1,893</td><td>2,117</td><td>6/15/62</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Sept. 2-1/2% Bond - 9/15/61-72.........</td><td>-</td><td>2,716</td><td>-</td><td>12/15/62</td></tr><tr><td>1962</td><td>June. 2-1/4% Bond - 6/15/59-62.........</td><td>-</td><td>2,117</td><td>5,278</td><td>Dec. 2-1/2% Bond - 12/15/61-72.........</td><td>-</td><td>3,830</td><td>-</td><td>12/15/62</td></tr><tr><td></td><td>2-1/2% Bond - 6/15/62-67.........</td><td>-</td><td>2,117</td><td>-</td><td>Total....................</td><td>-</td><td>8,438</td><td>2,117</td><td></td></tr><tr><td>Dec. 2-1/4% Bond - 12/15/59-62.........</td><td>-</td><td>-</td><td>3,466</td><td>1968</td><td>Dec. 2-1/2% Bond - 12/15/63-68.........</td><td>-</td><td>-</td><td>2,827</td><td></td></tr><tr><td>Total....................</td><td>-</td><td>2,117</td><td>8,744</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1963</td><td>June. 2-1/4% Bond - 6/15/58-63.........</td><td>-</td><td>-</td><td>919</td><td>1969</td><td>June. 2-1/2% Bond - 6/15/64-69.........</td><td>-</td><td>-</td><td>3,756</td><td></td></tr><tr><td>Dec. 2-1/2% Bond - 12/15/63-68.........</td><td>-</td><td>2,827</td><td>-</td><td>1969</td><td>Dec. 2-1/2% Bond - 12/15/64-69.........</td><td>-</td><td>-</td><td>3,832</td><td></td></tr><tr><td>Total....................</td><td>-</td><td>2,827</td><td>919</td><td></td><td>Total....................</td><td>-</td><td>-</td><td>7,588</td><td></td></tr><tr><td>1964</td><td>June. 2-1/2% Bond - 6/15/64-69.........</td><td>-</td><td>3,756</td><td>-</td><td>1970</td><td>Mar. 2-1/2% Bond - 3/15/65-70.........</td><td>-</td><td>-</td><td>4,721</td><td>2/1/54</td></tr><tr><td>Dec. 2-1/2% Bond - 12/15/64-69.........</td><td>-</td><td>3,832</td><td>-</td><td>1971</td><td>Mar. 2-1/2% Bond - 3/15/66-71.........</td><td>-</td><td>-</td><td>2,963</td><td>12/1/54</td></tr><tr><td>Total....................</td><td>-</td><td>7,588</td><td>-</td><td>1972</td><td>June. 2-1/2% Bond - 6/15/67-72.........</td><td>-</td><td>-</td><td>1,893</td><td>6/15/62</td></tr><tr><td>1965</td><td>Mar. 2-1/2% Bond - 3/15/65-70.........</td><td>-</td><td>4,721</td><td>-</td><td>Sept. 2-1/2% Bond - 9/15/67-72.........</td><td>-</td><td>-</td><td>2,716</td><td>12/15/62</td></tr><tr><td>Dec. 2-1/4% Bond - 12/15/60-65.........</td><td>-</td><td>-</td><td>1,485</td><td>1972</td><td>Dec. 2-1/2% Bond - 12/15/67-72.........</td><td>-</td><td>-</td><td>3,830</td><td>12/15/62</td></tr><tr><td>Total....................</td><td>-</td><td>4,721</td><td>1,485</td><td></td><td>Total....................</td><td>-</td><td>-</td><td>8,438</td><td></td></tr><tr><td>1966</td><td>June. 3-1/4% Bond - 6/15/78-83.........</td><td>-</td><td>1,606</td><td>-</td><td>1978</td><td>June. 3-1/4% Bond - 6/15/78-83.........</td><td>-</td><td>1,606</td><td>-</td><td></td></tr><tr><td>Mar. 2-1/2% Bond - 3/15/66-71.........</td><td>-</td><td>2,963</td><td>-</td><td>1983</td><td>June. 3-1/4% Bond - 6/15/78-83.........</td><td>-</td><td>-</td><td>1,606</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 December 15, 1953. Callable on four months' notice on June 15, 1954, succeeding interest payment date.
5/ Not called for redemption on December 15, 1953. Will mature on June 15, 1954.
20
Treasury Bulletin
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
<table><tr><th rowspan="2">Issue date</th><th rowspan="2">Maturity date</th><th rowspan="2">Number of days to maturity</th><th rowspan="2">Amount of bids tendered</th><th colspan="4">Description of new issue</th><th rowspan="2">Amount maturing on issue date of new offering</th><th rowspan="2">Total unma-tured issues outstanding after new issues</th></tr><tr><th>Total amount</th><th>On compet-itive basis</th><th>On noncompeti-tive basis 1/</th><th>In exohange</th></tr><tr><td>1953-June 4</td><td>1953-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. 10..</td><td>91</td><td>2,290.3</td><td>1,400.0</td><td>1,169.1</td><td>230.8</td><td>67.8</td><td>1,201.9</td><td>18,306.9</td></tr><tr><td>June 18</td><td>Sept. 17..</td><td>91</td><td>2,207.2</td><td>1,500.5</td><td>1,218.6</td><td>281.9</td><td>57.8</td><td>1,200.5</td><td>18,606.9</td></tr><tr><td>June 25</td><td>Sept. 24..</td><td>91</td><td>1,985.3</td><td>1,500.2</td><td>1,261.9</td><td>238.4</td><td>44.1</td><td>1,200.7</td><td>18,906.5</td></tr><tr><td>July 2</td><td>Oct. 1..</td><td>91</td><td>2,192.0</td><td>1,500.3</td><td>1,296.4</td><td>203.9</td><td>88.3</td><td>1,200.5</td><td>19,206.2</td></tr><tr><td>July 9</td><td>Oct. 8..</td><td>91</td><td>2,166.9</td><td>1,501.2</td><td>1,274.7</td><td>226.5</td><td>119.3</td><td>1,400.8</td><td>19,306.6</td></tr><tr><td>July 16</td><td>Oct. 15..</td><td>91</td><td>2,276.7</td><td>1,500.3</td><td>1,232.7</td><td>267.5</td><td>231.5</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>190.3</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>2,262.2</td><td>1,500.1</td><td>1,239.8</td><td>260.3</td><td>111.0</td><td>1,499.9</td><td>19,406.4</td></tr><tr><td>Aug. 6</td><td>Nov. 5..</td><td>91</td><td>2,409.5</td><td>1,500.3</td><td>1,238.9</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>2,363.1</td><td>1,500.7</td><td>1,202.9</td><td>297.8</td><td>208.0</td><td>1,500.6</td><td>19,406.5</td></tr><tr><td>Aug. 20</td><td>Nov. 19..</td><td>91</td><td>2,494.7</td><td>1,501.4</td><td>1,201.4</td><td>300.4</td><td>154.2</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>2,545.6</td><td>1,501.5</td><td>1,252.3</td><td>249.2</td><td>192.7</td><td>1,500.8</td><td>19,407.5</td></tr><tr><td>Sept. 3</td><td>Dec. 3..</td><td>91</td><td>2,368.2</td><td>1,500.5</td><td>1,270.5</td><td>230.0</td><td>175.7</td><td>1,500.3</td><td>19,407.6</td></tr><tr><td>Sept. 10</td><td>Dec. 10..</td><td>91</td><td>2,023.1</td><td>1,500.5</td><td>1,278.5</td><td>222.0</td><td>92.7</td><td>1,400.0</td><td>19,508.2</td></tr><tr><td>Sept. 17</td><td>Dec. 17..</td><td>91</td><td>2,555.8</td><td>1,500.3</td><td>1,169.2</td><td>331.1</td><td>193.4</td><td>1,500.5</td><td>19,508.0</td></tr><tr><td>Sept. 24</td><td>Dec. 24..</td><td>91</td><td>2,150.0</td><td>1,499.9</td><td>1,213.2</td><td>286.7</td><td>258.2</td><td>1,500.2</td><td>19,507.7</td></tr><tr><td>Oct. 1</td><td>Dec. 31..</td><td>91</td><td>2,366.9</td><td>1,500.9</td><td>1,279.6</td><td>221.3</td><td>240.7</td><td>1,500.3</td><td>19,508.3</td></tr><tr><td>Oct. 8</td><td>1954-Jan. 7..</td><td>91</td><td>2,341.7</td><td>1,500.8</td><td>1,273.9</td><td>226.9</td><td>131.0</td><td>1,501.2</td><td>19,508.0</td></tr><tr><td>Oct. 15</td><td>Jan. 14..</td><td>91</td><td>2,219.6</td><td>1,501.4</td><td>1,276.1</td><td>225.4</td><td>238.1</td><td>1,500.3</td><td>19,509.1</td></tr><tr><td>Oct. 22 p.</td><td>Jan. 21..</td><td>91</td><td>2,366.5</td><td>1,500.7</td><td>1,242.0</td><td>258.8</td><td>178.0</td><td>1,500.6</td><td>19,509.3</td></tr><tr><td>Oct. 29 p.</td><td>Jan. 28..</td><td>91</td><td>2,096.1</td><td>1,499.9</td><td>1,277.4</td><td>222.5</td><td>112.2</td><td>1,500.1</td><td>19,509.0</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 rate 2/ (Percent)</th><th>Price per hundred</th><th>Equivalent rate 2/ (Percent)</th><th>Price per hundred</th><th>Equivalent rate 2/ (Percent)</th></tr><tr><td>1953-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>2.228</td><td>99.444 3/</td><td>2.200</td><td>99.432</td><td>2.247</td></tr><tr><td>June 25.</td><td>99.506</td><td>1.954</td><td>99.523</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 1/</td><td>1.982</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>99.462</td><td>2.128</td></tr><tr><td>July 23.</td><td>99.462</td><td>2.127</td><td>99.507</td><td>1.950</td><td>99.459</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>99.482</td><td>2.049</td><td>99.468</td><td>2.105</td></tr><tr><td>Aug. 27.</td><td>99.489</td><td>2.001</td><td>99.490</td><td>1.996</td><td>99.487</td><td>2.007</td></tr><tr><td>Sept. 3.</td><td>99.504</td><td>1.961</td><td>99.507</td><td>1.950</td><td>99.503</td><td>1.966</td></tr><tr><td>Sept. 10.</td><td>99.506</td><td>1.953</td><td>99.519</td><td>1.903</td><td>99.502</td><td>1.970</td></tr><tr><td>Sept.17.</td><td>99.505</td><td>1.957</td><td>99.520</td><td>1.899</td><td>99.505</td><td>1.958</td></tr><tr><td>Sept.24.</td><td>99.587</td><td>1.634</td><td>99.596</td><td>1.598</td><td>99.575</td><td>1.681</td></tr><tr><td>Oct. 1.</td><td>99.600</td><td>1.583</td><td>99.605</td><td>1.563</td><td>99.598</td><td>1.590</td></tr><tr><td>Oct. 8.</td><td>99.647</td><td>1.397</td><td>99.651</td><td>1.381</td><td>99.644</td><td>1.408</td></tr><tr><td>Oct. 15.</td><td>99.637</td><td>1.438</td><td>99.684</td><td>1.250</td><td>99.634</td><td>1.448</td></tr><tr><td>Oct. 22 p.</td><td>99.653</td><td>1.372</td><td>99.656 2/</td><td>1.361</td><td>99.652</td><td>1.377</td></tr><tr><td>Oct. 29 p.</td><td>99.692</td><td>1.220</td><td>99.697</td><td>1.199</td><td>99.688</td><td>1.234</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 $800,000 at 99.535 and $200,000 at 99.511.
4/ Except $200,000 at 99.524.
5/ Except $200,000 at 99.684.
p Preliminary.
November 1953
21
DEBT OPERATIONS
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date subscription books were opened</th><th>Date of issue</th><th>Description of security</th><th colspan="2">Period to -</th><th colspan="2">Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th>Allotment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>First call</th><th>Cash 1/</th><th>Exchange</th><th>For cash 1/</th><th>In exchange for other securities</th><th></th></tr><tr><td>1/19/49</td><td>2/1/49</td><td>1-1/4% Certificate - 2/1/50-B</td><td>1 yr</td><td></td><td>-</td><td>1,993</td><td>-</td><td>1,993</td><td>100</td></tr><tr><td>2/15/49</td><td>3/1/49</td><td>1-1/4% Certificate - 3/1/50-C</td><td>1 yr</td><td></td><td>-</td><td>2,922</td><td>-</td><td>2,922</td><td>100</td></tr><tr><td>3/21/49</td><td>4/1/49</td><td>1-1/4% Certificate - 4/1/50-D</td><td>1 yr</td><td></td><td>-</td><td>963</td><td>-</td><td>963</td><td>100</td></tr><tr><td>5/19/49</td><td>6/1/49</td><td>1-1/4% Certificate - 6/1/50-E</td><td>1 yr</td><td></td><td>-</td><td>5,019</td><td>-</td><td>5,019</td><td>100</td></tr><tr><td>6/20/49</td><td>7/1/49</td><td>1-1/4% Certificate - 7/1/50-F</td><td>1 yr</td><td></td><td>-</td><td>5,601</td><td>-</td><td>5,601</td><td>100</td></tr><tr><td>8/21/49</td><td>9/15/49</td><td>1-1/8% Certificate - 9/15/50-G</td><td>1 yr</td><td></td><td>-</td><td>1,197</td><td>-</td><td>1,197</td><td>100</td></tr><tr><td>9/20/49</td><td>10/1/49</td><td>1-1/8% Certificate - 10/1/50-H</td><td>1 yr</td><td></td><td>-</td><td>6,248</td><td>-</td><td>6,248</td><td>100</td></tr><tr><td>12/15/49</td><td>12/15/49</td><td>1-3/8% Note - 3/15/54-A</td><td>3 m</td><td></td><td>-</td><td>4,675</td><td>-</td><td>4,675</td><td>100</td></tr><tr><td>12/19/49</td><td>1/1/50</td><td>1-1/8% Certificate - 1/1/51-A</td><td>1 yr</td><td>8 m</td><td>-</td><td>5,373</td><td>-</td><td>5,373</td><td>100</td></tr><tr><td>1/20/50</td><td>2/1/50</td><td>1-1/4% Note - 10/1/51-A</td><td>1 yr</td><td>4 m</td><td>-</td><td>1,918</td><td>-</td><td>1,918</td><td>100</td></tr><tr><td>2/17/50</td><td>3/1/50</td><td>1-1/4% Note - 7/1/51-B</td><td>1 yr</td><td>5 m</td><td>-</td><td>2,741</td><td>-</td><td>2,741</td><td>100</td></tr><tr><td>2/17/50</td><td>3/15/50</td><td>1-1/2% Note - 3/15/55-A</td><td>5 yr</td><td>3 m</td><td>-</td><td>5,365</td><td>-</td><td>5,365</td><td>100</td></tr><tr><td>3/20/50</td><td>4/1/50</td><td>1-1/4% Note - 7/1/51-C</td><td>1 yr</td><td>1 m</td><td>-</td><td>886</td><td>-</td><td>886</td><td>100</td></tr><tr><td>5/22/50</td><td>6/1/50</td><td>1-1/4% Note - 7/1/51-D</td><td>1 yr</td><td>1 m</td><td>-</td><td>4,818</td><td>-</td><td>4,818</td><td>100</td></tr><tr><td>6/21/50</td><td>7/1/50</td><td>1-1/4% Note - 8/1/51-E</td><td>1 yr</td><td>1 m</td><td>-</td><td>5,351</td><td>-</td><td>5,351</td><td>100</td></tr><tr><td>9/15/50</td><td>9/15/50</td><td>1-1/4% Note - 10/15/51-F</td><td>1 yr</td><td>1 m</td><td>-</td><td>5,941</td><td>-</td><td>5,941</td><td>100</td></tr><tr><td>9/18/50</td><td>10/1/50</td><td>1-1/4% Note - 11/1/51-G</td><td>1 yr</td><td>1 m</td><td>-</td><td>5,253</td><td>-</td><td>5,253</td><td>100</td></tr><tr><td>12/4/50</td><td>12/15/50</td><td>1-3/4% Note - 12/15/55-B</td><td>5 yr</td><td></td><td>-</td><td>6,894</td><td>-</td><td>6,894</td><td>100</td></tr><tr><td>2/6/51</td><td>4/1/51</td><td>1-1/2% Note - 4/1/56-EA</td><td>5 yr</td><td>92 m</td><td>-</td><td>1,007 3/</td><td>-</td><td>1,007 3/</td><td>100</td></tr><tr><td>6/4/51</td><td>6/15/51</td><td>1-7/8% Certificate - 6/1/52-A</td><td></td><td>11 m</td><td>-</td><td>9,524</td><td>-</td><td>9,524</td><td>100</td></tr><tr><td>7/15/51</td><td>8/1/51</td><td>1-7/8% Certificate - 7/1/52-B</td><td></td><td>11 m</td><td>-</td><td>5,216</td><td>-</td><td>5,216</td><td>100</td></tr><tr><td>9/4/51</td><td>9/15/51</td><td>1-7/8% Certificate - 8/15/52-C</td><td></td><td>11 m</td><td>-</td><td>583</td><td>-</td><td>583</td><td>100</td></tr><tr><td>9/18/51</td><td>10/1/51</td><td>1-7/8% Certificate - 9/1/52-D</td><td></td><td>11 m</td><td>-</td><td>1,832</td><td>-</td><td>1,832</td><td>100</td></tr><tr><td>10/1/51</td><td>10/15/51</td><td>1-7/8% Certificate - 10/1/52-E</td><td></td><td>112 m</td><td>-</td><td>10,861</td><td>-</td><td>10,861</td><td>100</td></tr><tr><td>2/2/51</td><td>10/1/51</td><td>1-1/2% Note - 10/1/56-EA</td><td>5 yr</td><td>112 m</td><td>-</td><td>550 3/</td><td>-</td><td>550 3/</td><td>100</td></tr><tr><td>12/3/51</td><td>12/15/51</td><td>1-7/8% Certificate - 12/1/52-F</td><td></td><td>112 m</td><td>-</td><td>1,063</td><td>-</td><td>1,063</td><td>100</td></tr><tr><td>2/18/52</td><td>3/1/52</td><td>2-3/8% Bond - 3/15/57-59</td><td>7 yr</td><td>3 m</td><td>5 yr 2 m</td><td>927</td><td>-</td><td>927</td><td>100</td></tr><tr><td>2/18/52</td><td>3/1/52</td><td>1-7/8% Certificate - 2/15/53-A</td><td></td><td>112 m</td><td>-</td><td>8,868</td><td>-</td><td>8,868</td><td>100</td></tr><tr><td>2/2/52</td><td>4/1/52</td><td>1-1/2% Note - 4/1/57-EA</td><td>5 yr</td><td>112 m</td><td>-</td><td>531 3/</td><td>4,245</td><td>531 3/</td><td>1/2</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>2-3/8% Bond - 6/15/58</td><td>5 yr</td><td>112 m</td><td>11,693</td><td>-</td><td>-</td><td>-</td><td>100</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>1-7/8% Certificate - 6/1/53-B</td><td>1 yr</td><td>2 m</td><td>-</td><td>4,963</td><td>-</td><td>4,963</td><td>100</td></tr><tr><td>8/4/52</td><td>8/15/52</td><td>2% Certificate - 8/15/53-C 5/</td><td>1 yr</td><td>2 m</td><td>-</td><td>2,008 5/</td><td>-</td><td>2,008 5/</td><td>100</td></tr><tr><td>9/15/52</td><td>10/1/52</td><td>1-1/8% Note - 12/1/53-A</td><td>1 yr</td><td>5 yr</td><td>-</td><td>10,542</td><td>-</td><td>10,542</td><td>100</td></tr><tr><td>11/17/52</td><td>10/1/52</td><td>1-1/2% Note - 10/1/57-80</td><td>5 yr</td><td>1 yr</td><td>-</td><td>824 3/</td><td>-</td><td>824 3/</td><td>100</td></tr><tr><td>2/2/53</td><td>8/15/52</td><td>2% Certificate - 8/15/53-C 5/</td><td>1 yr</td><td>1 yr</td><td>-</td><td>873 5/</td><td>-</td><td>873 5/</td><td>100</td></tr><tr><td>2/2/53</td><td>2/15/53</td><td>2-1/4% Certificate - 2/15/54-A</td><td>1 yr</td><td>10 m</td><td>-</td><td>8,114</td><td>-</td><td>8,114</td><td>100 6/</td></tr><tr><td>2/2/53</td><td>2/15/53</td><td>2-1/2% Bond - 12/15/58</td><td>5 yr</td><td>10 m</td><td>-</td><td>660</td><td>-</td><td>660</td><td>100</td></tr><tr><td>4/13/53</td><td>4/1/53</td><td>1-1/2% Note - 4/1/58-EA</td><td>5 yr</td><td>12 m</td><td>-</td><td>383 3/</td><td>1,188</td><td>383 3/</td><td>8/</td></tr><tr><td>5/20/53</td><td>5/1/53</td><td>3-1/4% Bond - 6/15/76-83</td><td>30 yr</td><td>12 m</td><td>25 yr 12 m</td><td>5,250</td><td>-</td><td>416 1/</td><td>100</td></tr><tr><td>7/15/53</td><td>7/1/53</td><td>2-5/8% Certificate - 6/1/54-B</td><td>1 yr</td><td>8 m</td><td>-</td><td>4,858</td><td>5,902</td><td>4,858</td><td>10/</td></tr><tr><td>8/15/53</td><td>8/15/53</td><td>2-1/2% Certificate - 3/22/54-9</td><td>1 yr</td><td>8 m</td><td>8,687</td><td>-</td><td>-</td><td>-</td><td>100</td></tr><tr><td>9/2/53</td><td>9/15/53</td><td>2-5/8% Certificate - 8/15/54-D</td><td>1 yr</td><td>6 m</td><td>-</td><td>2,788p</td><td>2,788p</td><td>2,788p</td><td>100 11/</td></tr><tr><td>9/2/53</td><td>9/15/53</td><td>2-7/8% Note - 9/15/54-E</td><td>3 yr</td><td>6 m</td><td>-</td><td>4,783 p</td><td>-</td><td>4,783 p</td><td>100</td></tr><tr><td>10/28/53</td><td>10/1/53</td><td>1-1/2% Note - 10/1/58-80</td><td>5 yr</td><td>10 m</td><td>12,543p</td><td>9 3/</td><td>2,238p</td><td>9 3/</td><td>12/</td></tr><tr><td>10/28/53</td><td>11/9/53</td><td>2-3/4% Bond - 9/15/61</td><td>7 yr</td><td>10 m</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100</td></tr></table>
Source: Bureau of the Public Debt.
1/ Consists of all public cash subscription and subscriptions by U. S. Government investment accounts.
2/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951. For further information relating to the original offering see "Treasury Bulletin" for April 1951, page A-1.
3/ Amounts shown are as of October 31, 1953. They include exchanges by Federal Reserve System Open Market Account amounting to $1,000 million in the case of Series EA-1956, $500 million each in the case of Series EO-1956 and Series EA-1957, and $714 million in the case of Series EO-1957.
4/ Nonbank 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 for their own account were allotted $100,000 on each subscription.
5/ The 2% certificates dated August 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. Total exchanges amounted to $2,882 million.
6/ Holders of the 1-7/8% certificates which matured February 15, 1953, were offered a choice of exchanging the securities for either the one-year certificates or the five-year, ten-month bond.
7/ The bond offering was made available for exchange of Series F and
8/ G savings bonds maturing from May 1 through December 31, 1953. Total allotments on cash subscriptions were limited to approximately $1,000 million. Nonbank subscriptions in amounts up to and including $5,000 were allotted in full. All other subscriptions were allotted 20%. Commercial banks' subscriptions were restricted to an amount not exceeding 5% of their time deposits as of December 31, 1952. The Treasury also reserved the right to allot limited amounts of these bonds to Government investment accounts, which subscribed to a total amount of $117,779,000.
9/ Also designated tax anticipation certificates which will be accepted at par plus accrued interest to maturity in payment of income and profit taxes due March 15, 1954.
10/ Subscriptions for amounts up to and including $100,000 were allotted in full. Subscriptions for amounts over $100,000 were allotted 67% but in no case less than $100,000.
11/ Holders of the 2% bonds which matured 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.
12/ Subscriptions for amounts up to and including $10,000 were allotted in full. Subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments were allotted 24 percent. All others, including commercial banks, were allotted 16 percent but not less than $10,000 on any one subscription.
p Preliminary.
22
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>Result of exchange offers</th><th>Turned in for cash 2/</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>Ex-changed</th><th></th><th></th></tr><tr><td>7/1/50</td><td>1-1/4% Certificate - 7/1/50-F</td><td>7/1/49</td><td>5,601</td><td>-</td><td>5,601</td><td>5,351</td><td>250</td><td>1-1/4% Note - 8/1/51-X</td></tr><tr><td>9/15/50</td><td>1-1/2% Certificate - 9/15/50-D 2-1/2% Bond - 9/15/50-52</td><td>9/15/49 9/15/38 4/15/43</td><td>1,197 1,186 4,939</td><td>-</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></td><td>Total</td><td></td><td>7,322</td><td>-</td><td>7,322</td><td>5,941</td><td>1,381</td><td></td></tr><tr><td>10/1/50</td><td>1-1/8% Certificate - 10/1/50-I</td><td>10/1/49</td><td>6,248</td><td>-</td><td>6,248</td><td>5,253</td><td>995</td><td>1-1/4% Note - 11/1/51-G</td></tr><tr><td>12/15/50</td><td>1-1/2% Bond - 12/15/50 1-1/2% Certificate - 1/1/51-A</td><td>6/1/45 1/1/50</td><td>2,635 5,373</td><td>-</td><td>2,635 5,373</td><td>2,315 4,538</td><td>320 834</td><td>1-3/4% Note - 12/15/55-B</td></tr><tr><td></td><td>Total</td><td></td><td>8,008</td><td>-</td><td>8,008</td><td>6,894</td><td>1,154</td><td></td></tr><tr><td>4/1/51</td><td>2-1/2% Bond - 6/15/67-T2 2-1/2% Bond - 12/15/67-T2</td><td>6/1/45 11/15/45</td><td>7,967 11,689</td><td>-</td><td>7,967 11,689</td><td>5,964 7,610</td><td>-</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td></td><td>Total</td><td></td><td>19,656</td><td>-</td><td>19,656</td><td>13,574</td><td>-</td><td></td></tr><tr><td>6/15/51</td><td>2-3/4% Bond - 6/15/51-54 1-1/4% Note - 7/1/51-B 1-1/4% Note - 7/1/51-C 1-1/4% Note - 7/1/51-D</td><td>6/15/36 3/1/50 5/1/50 6/1/50</td><td>1,627 2,741 886 4,818</td><td>-</td><td>1,627 2,741 886 4,818</td><td>1,516 2,607 831 4,570</td><td>110 134 55 248</td><td>1-7/8% Certificate - 4/1/52-A</td></tr><tr><td></td><td>Total</td><td></td><td>10,072</td><td>-</td><td>10,072</td><td>9,584</td><td>548</td><td></td></tr><tr><td>8/1/51</td><td>1-1/4% Note - 8/1/51-I</td><td>7/1/50</td><td>5,351</td><td>-</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>1/2% Bond - 9/15/51-55</td><td>9/15/31</td><td>755</td><td>-</td><td>755</td><td>583</td><td>172</td><td>1-7/8% Certificate - 8/15/52-C</td></tr><tr><td>10/1/51</td><td>1-1/4% Note - 10/1/51-A 1-1/4% Note - 10/1/51-F 1-1/4% Note - 11/1/51-D</td><td>2/1/50 9/15/50 10/1/50</td><td>1,918 5,941 5,253</td><td>-</td><td>1,918 5,941 5,253</td><td>1,832 5,873 4,988</td><td>86 67 265</td><td>1-7/8% Certificate - 9/1/52-D 1-7/8% Certificate - 10/1/52-E</td></tr><tr><td></td><td>Total</td><td></td><td>11,194</td><td>-</td><td>11,194</td><td>10,861</td><td>333</td><td></td></tr><tr><td>12/15/51</td><td>2-1/4% Bond - 12/15/51-53</td><td>12/22/39</td><td>1,118</td><td>-</td><td>1,118</td><td>1,063</td><td>55</td><td>1-7/8% Certificate - 12/1/52-F</td></tr><tr><td>3/1/52</td><td>2-1/2% Bond - 3/15/52-54</td><td>3/31/41</td><td>1,024</td><td>-</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 - 4/1/52-A</td><td>6/15/51</td><td>9,524</td><td>-</td><td>9,524</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>2-1/2% Bond - 3/15/65-70 2-1/2% Bond - 3/15/65-T1 2-1/2% Bond - 6/15/67-T2 2-1/2% Bond - 12/15/67-T2</td><td>2/1/44 12/1/44 6/1/45 11/15/45</td><td>5,125 3,480 1,999 4,072</td><td>-</td><td>5,125 3,480 1,999 4,072</td><td>467 912 100 227</td><td>-</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td></td><td>Total</td><td></td><td>14,746</td><td>-</td><td>14,746</td><td>1,306</td><td>-</td><td></td></tr><tr><td>7/1/52</td><td>1-7/8% Certificate - 7/1/52-B</td><td>8/1/51</td><td>5,216</td><td>-</td><td>5,216</td><td>4,963</td><td>253</td><td>1-7/8% Certificate - 6/1/53-I</td></tr><tr><td>8/15/52</td><td>1-7/8% Certificate - 8/15/52-D 1-7/8% Certificate - 9/1/52-D</td><td>9/15/51 10/1/51</td><td>583 1,832</td><td>-</td><td>583 1,832</td><td>434 1,575</td><td>150 858</td><td>2% Certificate - 8/15/53-Oh</td></tr><tr><td></td><td>Total</td><td></td><td>2,416</td><td>-</td><td>2,416</td><td>2,008</td><td>407</td><td></td></tr><tr><td>10/1/52</td><td>1-7/8% Certificate - 10/1/50-X 1-7/8% Certificate - 12/15/51</td><td>10/15/51 12/15/51</td><td>10,861 1,063</td><td>-</td><td>10,861 1,063</td><td>10,542 873</td><td>319 190</td><td>2-1/8% Note - 12/1/53-A 2% Certificate - 8/15/53-Oh</td></tr><tr><td>12/1/52</td><td>1-7/8% Certificate - 12/1/52-F</td><td>12/15/51</td><td>1,063</td><td>-</td><td>1,063</td><td>873</td><td>190</td><td>2-1/4% Certificate - 2/15/54-A</td></tr><tr><td>2/15/53</td><td>1-7/8% Certificate - 2/15/53-A</td><td>3/1/52</td><td>8,868</td><td>-</td><td>8,868</td><td>8,734</td><td>134</td><td>2-1/8% Bond - 12/15/56</td></tr><tr><td>6/1/53</td><td>1-7/8% Certificate - 6/1/53-B</td><td>7/1/52</td><td>4,953</td><td>-</td><td>4,953</td><td>4,410</td><td>553</td><td>2-5/8% Certificate - 6/1/54-B</td></tr><tr><td>6/15/53</td><td>2% Bond - 6/15/53-55</td><td>10/1/40</td><td>755</td><td>-</td><td>755</td><td>448</td><td>277</td><td></td></tr><tr><td></td><td>Total</td><td></td><td>5,688</td><td>-</td><td>5,688</td><td>4,858</td><td>829</td><td></td></tr><tr><td>8/15/53</td><td>2% Certificate - 8/15/53-C</td><td>8/15/52</td><td>2,882</td><td>-</td><td>2,882</td><td>2,788 p</td><td>93 p</td><td>2-5/8% Certificate - 8/15/54-D</td></tr><tr><td>9/15/53</td><td>2% Bond - 9/15/51-53</td><td>9/15/43</td><td>7,986</td><td>-</td><td>7,986</td><td>7,723 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>
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.
November 1955
23
UNITED STATES SAVINGS BONDS
United States savings bonds were first offered in March 1935 and began to mature in March 1945. Series A-D were sold between March 1935 and the end of April 1941, and Series E, F, and G were first offered in May 1941. When Series E began to mature on May 1, 1951, owners of the matured bonds were offered three options: To redeem the bonds in cash in accordance with the original terms; to retain them with an extended maturity of 10 years at specified rates of interest accrual; or to exchange them for Series G bonds. A number of changes became effective May 1, 1952. The 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.
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 I 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 September 30, 1953
(Dollar amounts in millions)
<table><tr><th>Series</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Redemptions</th><th colspan="2">Amount outstanding</th><th>Redemptions of interest-bearing series as percent of sales plus accrued discount</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Matured debt (Series A-D)</th><th>Interest-bearing debt</th><th></th></tr><tr><td>Total A-D (matured) 1/......</td><td>3,949</td><td>1,054</td><td>5,003</td><td>4,916</td><td>87</td><td>-</td><td>-</td></tr><tr><td>Interest-bearing: Series E and H......</td><td>70,385</td><td>7,207</td><td>77,593</td><td>41,281 2/</td><td>-</td><td>36,311</td><td>53.20</td></tr><tr><td>Series F, G, J, and K....</td><td>29,009 2/</td><td>648</td><td>29,737</td><td>8,253</td><td>-</td><td>21,484</td><td>27.75</td></tr><tr><td>Total interest-bearing.</td><td>99,475</td><td>7,855</td><td>107,330</td><td>49,535</td><td>-</td><td>57,795</td><td>46.15</td></tr><tr><td>Total A-K......</td><td>103,423</td><td>8,910</td><td>112,333</td><td>54,451</td><td>87</td><td>57,795</td><td>-</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U.S. Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 3/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th>Matured debt (Series A-D)</th><th>Interest-bearing debt</th></tr><tr><td colspan="9">Fiscal years:</td></tr><tr><td>1935-1945</td><td>52,783</td><td>986</td><td>53,769</td><td>8,184</td><td>8,098</td><td>85</td><td>-</td><td>45,586</td></tr><tr><td>1946</td><td>9,622</td><td>573</td><td>10,184</td><td>6,717</td><td>6,579</td><td>138</td><td>18</td><td>49,035</td></tr><tr><td>1947</td><td>7,208</td><td>691</td><td>7,899</td><td>5,545</td><td>5,324</td><td>221</td><td>40</td><td>52,367</td></tr><tr><td>1948</td><td>6,235</td><td>804</td><td>7,039</td><td>5,113</td><td>4,985</td><td>268</td><td>99</td><td>53,274</td></tr><tr><td>1949</td><td>7,111</td><td>327</td><td>8,068</td><td>5,067</td><td>4,721</td><td>346</td><td>73</td><td>59,260</td></tr><tr><td>1950</td><td>5,673</td><td>1,045</td><td>6,718</td><td>5,422</td><td>4,945</td><td>477</td><td>92</td><td>57,336</td></tr><tr><td>1951</td><td>5,143</td><td>1,149</td><td>6,292</td><td>6,137</td><td>5,609</td><td>528</td><td>212</td><td>57,572</td></tr><tr><td>1952</td><td>3,925</td><td>1,207</td><td>5,132</td><td>5,109</td><td>4,640</td><td>469</td><td>122</td><td>57,685</td></tr><tr><td>1953</td><td>4,562</td><td>1,229</td><td>5,791</td><td>5,621</td><td>5,072</td><td>548</td><td>91</td><td>57,886</td></tr><tr><td colspan="9">Calendar years:</td></tr><tr><td>1935-1945</td><td>58,353</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>1946</td><td>7,427</td><td>640</td><td>8,067</td><td>6,487</td><td>6,413</td><td>185</td><td>87</td><td>50,776</td></tr><tr><td>1947</td><td>5,594</td><td>742</td><td>7,436</td><td>5,126</td><td>4,889</td><td>237</td><td>122</td><td>52,053</td></tr><tr><td>1948</td><td>7,295</td><td>872</td><td>8,167</td><td>5,144</td><td>4,840</td><td>303</td><td>146</td><td>55,051</td></tr><tr><td>1949</td><td>5,833</td><td>981</td><td>6,815</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>1,104</td><td>7,178</td><td>5,840</td><td>5,323</td><td>517</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>5,190</td><td>501</td><td>152</td><td>57,587</td></tr><tr><td>1952</td><td>4,161</td><td>1,220</td><td>5,381</td><td>5,074</td><td>4,565</td><td>509</td><td>106</td><td>57,940</td></tr><tr><td colspan="9">Months:</td></tr><tr><td>1953-January</td><td>504</td><td>122</td><td>627</td><td>435</td><td>392</td><td>43</td><td>103</td><td>58,134</td></tr><tr><td>February</td><td>414</td><td>86</td><td>500</td><td>369</td><td>321</td><td>48</td><td>100</td><td>58,266</td></tr><tr><td>March</td><td>440</td><td>91</td><td>531</td><td>430</td><td>382</td><td>48</td><td>98</td><td>58,371</td></tr><tr><td>April</td><td>383</td><td>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>371</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>542</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>541</td><td>525</td><td>17</td><td>90</td><td>57,871</td></tr><tr><td>August</td><td>372</td><td>87</td><td>459</td><td>480</td><td>423</td><td>58</td><td>89</td><td>57,951</td></tr><tr><td>September</td><td>368</td><td>88</td><td>456</td><td>514</td><td>458</td><td>56</td><td>87</td><td>57,795</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U.S. Footnotes at end of Table 4.
24
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 colspan="3">Redemptions 2/</th><th>Amount outstanding (interest-bearing debt)</th><th>Monthly redemptions as percent of amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th></th><th></th></tr><tr><td colspan="9">Series E and E combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1911-1915</td><td>35,374</td><td>418</td><td>35,792</td><td>6,694</td><td>6,668</td><td>26</td><td>29,097</td><td>-</td></tr><tr><td>1916</td><td>6,739</td><td>434</td><td>7,173</td><td>5,912</td><td>5,843</td><td>69</td><td>30,358</td><td>-</td></tr><tr><td>1917</td><td>4,287</td><td>536</td><td>4,824</td><td>4,391</td><td>4,288</td><td>103</td><td>30,791</td><td>-</td></tr><tr><td>1918</td><td>4,026</td><td>633</td><td>4,659</td><td>3,825</td><td>3,589</td><td>136</td><td>31,625</td><td>-</td></tr><tr><td>1919</td><td>4,278</td><td>753</td><td>5,032</td><td>3,330</td><td>3,368</td><td>162</td><td>33,127</td><td>-</td></tr><tr><td>1920</td><td>3,993</td><td>895</td><td>4,887</td><td>3,521</td><td>3,326</td><td>195</td><td>34,494</td><td>-</td></tr><tr><td>1921</td><td>3,272</td><td>1,035</td><td>4,307</td><td>4,295</td><td>3,987</td><td>307</td><td>34,506</td><td>-</td></tr><tr><td>1922</td><td>3,296</td><td>1,111</td><td>4,407</td><td>4,008</td><td>3,583</td><td>425</td><td>34,905</td><td>-</td></tr><tr><td>1923</td><td>4,601</td><td>1,120</td><td>5,101</td><td>4,038</td><td>3,532p</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></tr><tr><td>1911-1915</td><td>39,680</td><td>615</td><td>40,295</td><td>9,568</td><td>9,517</td><td>51</td><td>30,727</td><td>-</td></tr><tr><td>1916</td><td>4,466</td><td>493</td><td>4,959</td><td>5,423</td><td>5,330</td><td>93</td><td>30,263</td><td>-</td></tr><tr><td>1917</td><td>4,085</td><td>579</td><td>4,664</td><td>5,930</td><td>5,813</td><td>116</td><td>30,997</td><td>-</td></tr><tr><td>1918</td><td>4,224</td><td>696</td><td>4,920</td><td>3,778</td><td>3,575</td><td>154</td><td>32,188</td><td>-</td></tr><tr><td>1919</td><td>4,208</td><td>818</td><td>5,025</td><td>3,448</td><td>3,274</td><td>174</td><td>33,765</td><td>-</td></tr><tr><td>1920</td><td>3,568</td><td>971</td><td>4,539</td><td>3,512</td><td>3,667</td><td>245</td><td>34,493</td><td>-</td></tr><tr><td>1921</td><td>3,190</td><td>1,080</td><td>4,270</td><td>4,036</td><td>3,685</td><td>348</td><td>34,727</td><td>-</td></tr><tr><td>1922</td><td>3,575</td><td>1,120</td><td>4,694</td><td>4,098</td><td>3,622</td><td>476</td><td>35,324</td><td>-</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953-January</td><td>441</td><td>108</td><td>548</td><td>361</td><td>320</td><td>41</td><td>35,511</td><td>1.02</td></tr><tr><td>February</td><td>362</td><td>80</td><td>442</td><td>296</td><td>251</td><td>45</td><td>35,657</td><td>.83</td></tr><tr><td>March</td><td>397</td><td>88</td><td>481</td><td>354</td><td>308</td><td>46</td><td>35,784</td><td>.99</td></tr><tr><td>April</td><td>351</td><td>78</td><td>429</td><td>361</td><td>318</td><td>43</td><td>35,892</td><td>1.01</td></tr><tr><td>May</td><td>340</td><td>91</td><td>431</td><td>344</td><td>300</td><td>44</td><td>35,939</td><td>.96</td></tr><tr><td>June</td><td>340</td><td>123</td><td>463</td><td>324</td><td>308</td><td>47</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>August</td><td>346</td><td>81</td><td>427</td><td>331</td><td>276p</td><td>55p</td><td>36,264</td><td>.91</td></tr><tr><td>September</td><td>343</td><td>83</td><td>427</td><td>379</td><td>326p</td><td>53p</td><td>36,311</td><td>1.04</td></tr></table>
Series F, G, J, and K combined
<table><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>19k1-19k5</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>19k6</td><td>2,873</td><td>33</td><td>2,905</td><td>497</td><td>494</td><td>3</td><td>15,312</td><td>-</td></tr><tr><td>19k7</td><td>2,920</td><td>47</td><td>2,968</td><td>672</td><td>666</td><td>6</td><td>17,608</td><td>-</td></tr><tr><td>19k8</td><td>2,209</td><td>61</td><td>2,270</td><td>772</td><td>764</td><td>9</td><td>19,105</td><td>-</td></tr><tr><td>19k9</td><td>2,863</td><td>73</td><td>2,932</td><td>835</td><td>823</td><td>12</td><td>21,205</td><td>-</td></tr><tr><td>1950</td><td>1,680</td><td>83</td><td>1,763</td><td>821</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>629</td><td>96</td><td>726</td><td>1,012</td><td>990</td><td>21</td><td>22,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,592</td><td>1,517p</td><td>35p</td><td>21,837</td><td>-</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>19k1-19k5</td><td>14,725</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>19k6</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>19k7</td><td>2,609</td><td>54</td><td>2,663</td><td>715</td><td>708</td><td>7</td><td>18,314</td><td>-</td></tr><tr><td>19k8</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>19k9</td><td>1,626</td><td>78</td><td>1,704</td><td>815</td><td>803</td><td>12</td><td>21,501</td><td>-</td></tr><tr><td>1950</td><td>2,406</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>22,899</td><td>-</td></tr><tr><td>1952</td><td>586</td><td>100</td><td>686</td><td>929</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></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>606</td><td>15</td><td>21,961</td><td>2.83</td></tr><tr><td>June</td><td>30</td><td>12</td><td>42</td><td>136</td><td>178</td><td>8</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 l/</td><td>2p l/</td><td>21,703</td><td>.98</td></tr><tr><td>August</td><td>25</td><td>6</td><td>31</td><td>148</td><td>146p</td><td>2p</td><td>21,587</td><td>.68</td></tr><tr><td>September</td><td>25</td><td>5</td><td>29</td><td>132</td><td>130p</td><td>2p</td><td>21,434</td><td>.62</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
November 1955
25
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>Redemption 2/3/</th><th>Sales price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><td colspan="9">Serilee E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1945</td><td>35,374</td><td>418</td><td>35,792</td><td>6,694</td><td>6,668</td><td>26</td><td>29,097</td></tr><tr><td>1946</td><td>6,739</td><td>434</td><td>7,173</td><td>5,912</td><td>5,843</td><td>69</td><td>30,358</td></tr><tr><td>1947</td><td>4,287</td><td>536</td><td>4,823</td><td>4,391</td><td>4,288</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>3,825</td><td>3,689</td><td>136</td><td>31,625</td></tr><tr><td>1949</td><td>4,278</td><td>753</td><td>5,032</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>3,521</td><td>3,326</td><td>195</td><td>34,494</td></tr><tr><td>1951</td><td>3,272</td><td>1,035</td><td>4,307</td><td>4,295</td><td>3,987</td><td>307</td><td>34,906</td></tr><tr><td>1952</td><td>3,266</td><td>1,111</td><td>4,377</td><td>4,008</td><td>3,581</td><td>425</td><td>34,875</td></tr><tr><td>1953</td><td>3,700</td><td>1,120</td><td>4,821</td><td>4,032</td><td>3,526p</td><td>506p</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><td></td></tr><tr><td>1941-1945</td><td>39,680</td><td>615</td><td>40,295</td><td>9,568</td><td>9,517</td><td>51</td><td>30,727</td></tr><tr><td>1946</td><td>4,466</td><td>939</td><td>4,995</td><td>5,423</td><td>5,330</td><td>93</td><td>30,263</td></tr><tr><td>1947</td><td>4,085</td><td>579</td><td>4,664</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td></tr><tr><td>1948</td><td>4,224</td><td>696</td><td>4,920</td><td>3,728</td><td>3,575</td><td>154</td><td>32,188</td></tr><tr><td>1949</td><td>4,208</td><td>818</td><td>5,025</td><td>3,448</td><td>3,274</td><td>174</td><td>33,766</td></tr><tr><td>1950</td><td>3,668</td><td>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>1,030</td><td>4,270</td><td>4,036</td><td>3,688</td><td>348</td><td>34,727</td></tr><tr><td>1952</td><td>3,333</td><td>1,120</td><td>4,513</td><td>4,098</td><td>3,622</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><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>299</td><td>250</td><td>45</td><td>35,400</td></tr><tr><td>March</td><td>359</td><td>84</td><td>443</td><td>332</td><td>306</td><td>46</td><td>35,491</td></tr><tr><td>April</td><td>320</td><td>78</td><td>397</td><td>360</td><td>317</td><td>43</td><td>35,528</td></tr><tr><td>May</td><td>309</td><td>91</td><td>400</td><td>343</td><td>299</td><td>44</td><td>35,589</td></tr><tr><td>June</td><td>309</td><td>123</td><td>432</td><td>353</td><td>307</td><td>47</td><td>35,664</td></tr><tr><td>July</td><td>327</td><td>109</td><td>436</td><td>357</td><td>342p 4/</td><td>15p 4/</td><td>35,742</td></tr><tr><td>August</td><td>309</td><td>81</td><td>390</td><td>329</td><td>278p</td><td>55p</td><td>35,803</td></tr><tr><td>September</td><td>301</td><td>83</td><td>385</td><td>378</td><td>325p</td><td>53p</td><td>35,810</td></tr></table>
<table><tr><th colspan="7">Series H 5/</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td>30</td><td>-</td><td>30</td><td>-</td><td>-</td><td>30</td></tr><tr><td>1952</td><td>30</td><td>-</td><td>360</td><td>-</td><td>6</td><td>6</td><td>-</td><td>389</td></tr><tr><td>1953</td><td>360</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Calendar year:</td><td></td><td></td><td>182</td><td>-</td><td>182</td><td>*</td><td>*</td><td>-</td><td>181</td></tr><tr><td>1952</td><td>182</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Months:</td><td></td><td></td><td>43</td><td>-</td><td>43</td><td>*</td><td>*</td><td>-</td><td>224</td></tr><tr><td>1953-January</td><td>43</td><td>-</td><td>34</td><td>-</td><td>34</td><td>1</td><td>1</td><td>-</td><td>257</td></tr><tr><td>February</td><td>34</td><td>-</td><td>37</td><td>-</td><td>37</td><td>1</td><td>1</td><td>-</td><td>294</td></tr><tr><td>March</td><td>37</td><td>-</td><td>32</td><td>-</td><td>32</td><td>1</td><td>1</td><td>-</td><td>324</td></tr><tr><td>April</td><td>32</td><td>-</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>354</td></tr><tr><td>May</td><td>31</td><td>-</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>385</td></tr><tr><td>June</td><td>31</td><td>-</td><td>43</td><td>-</td><td>43</td><td>1</td><td>1</td><td>-</td><td>426</td></tr><tr><td>July</td><td>43</td><td>-</td><td>37</td><td>-</td><td>37</td><td>2</td><td>2</td><td>-</td><td>462</td></tr><tr><td>August</td><td>37</td><td>-</td><td>42</td><td>-</td><td>42</td><td>2</td><td>2</td><td>-</td><td>522</td></tr><tr><td>September</td><td>42</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Table 4.
Treasury Bulletin
26
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th>Period 6/</th><th>Total</th><th colspan="6">Matured bonds</th><th colspan="3">Unmatured bonds</th></tr><tr><th></th><th></th><th>Total matured</th><th>Series A-D</th><th colspan="3">Series E</th><th>Series F and G</th><th>Total unmatured 1/</th><th>Sales price 1/</th><th>Accrued discount</th></tr><tr><th>Fiscal years:</th><th></th><th></th><th></th><th>Total</th><th>For cash</th><th>In exchange for Series G or K</th><th></th><th></th><th></th><th></th></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>5,109</td><td>792</td><td>90</td><td>702</td><td>694</td><td>9</td><td>-</td><td>4,317</td><td>4,046</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>3,622</td><td>238</td></tr><tr><th>Calendar years:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></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>222</td><td>250</td><td>245</td><td>5</td><td>-</td><td>4,979</td><td>4,971</td><td>308</td></tr><tr><td>1952</td><td>5,074</td><td>1,015</td><td>47</td><td>958</td><td>952</td><td>6</td><td>-</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><th>Months:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></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>430</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>105</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>365</td><td>18</td></tr><tr><td>June</td><td>542</td><td>251</td><td>2</td><td>110</td><td>110</td><td>*</td><td>131 8/</td><td>289</td><td>269</td><td>20</td></tr><tr><td>July 4/</td><td>541</td><td>72</td><td>1</td><td>37</td><td>37</td><td>*</td><td>14 8/</td><td>470</td><td>463</td><td>6</td></tr><tr><td>August</td><td>430</td><td>200</td><td>2</td><td>118</td><td>118</td><td>*</td><td>80</td><td>280</td><td>257</td><td>23</td></tr><tr><td>September</td><td>514</td><td>179</td><td>2</td><td>113</td><td>113</td><td>*</td><td>64</td><td>339</td><td>312</td><td>27</td></tr></table>
Source: Daily Treasury Statement.
1/ Details by series on a cumulative basis and by periods for Series A-D combined will be found in the February 1952 and previous issues of the "Treasury Bulletin".
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series E bonds beginning May 1952.
3/ Includes both matured and unmatured bonds; see Table 4.
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 July as between matured and unmatured was larger than normal. This situation was reversed in subsequent months as these redemptions were
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, 1932. Comparable data are not available prior to January 1950. Includes redemptions not yet classified between matured and unmatured. 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
November 1955
27
UNITED STATES SAVINGS BONDS
Table 5.- Sales and Redemptions v. Denominations, Series E and H Combined
(In thousands of pieces)
<table><tr><th>Period</th><th>Total, all denominations</th><th>$10 2/</th><th>$25</th><th>$50</th><th>$100</th><th>$200 3/</th><th>$500</th><th>$1,000</th><th>$5,000 1/</th><th>$10,000 1/</th></tr><tr><td colspan="11">Series E and H combined 1/</td></tr><tr><td>Fiscal years:</td><td colspan="10">Sales</td></tr><tr><td>1941-45</td><td>882,683</td><td>9,223</td><td>623,733</td><td>128,084</td><td>100,769</td><td>-</td><td>11,753</td><td>9,122</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>165,039</td><td>8,505</td><td>112,071</td><td>24,274</td><td>11,693</td><td>1,311</td><td>2,065</td><td>2,121</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>71,356</td><td>2,095</td><td>45,876</td><td>10,896</td><td>7,803</td><td>801</td><td>1,645</td><td>2,241</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>58,971</td><td>282</td><td>36,146</td><td>9,901</td><td>7,777</td><td>816</td><td>1,571</td><td>2,238</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>64,576</td><td>394</td><td>39,400</td><td>11,425</td><td>8,250</td><td>916</td><td>1,569</td><td>2,322</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>64,304</td><td>335</td><td>39,150</td><td>11,841</td><td>8,654</td><td>917</td><td>1,413</td><td>1,995</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>68,299</td><td>1</td><td>41,751</td><td>11,786</td><td>7,649</td><td>786</td><td>1,036</td><td>1,290</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>74,136</td><td>*</td><td>50,701</td><td>13,129</td><td>7,959</td><td>720</td><td>948</td><td>1,076</td><td>1</td><td>*</td></tr><tr><td>1953</td><td>80,485</td><td>-</td><td>54,380</td><td>14,372</td><td>8,211</td><td>794</td><td>1,243</td><td>1,466</td><td>16</td><td>7</td></tr><tr><td>Calendar years:</td><td colspan="10"></td></tr><tr><td>1941-45</td><td>992,118</td><td>14,963</td><td>697,925</td><td>144,232</td><td>110,832</td><td>769</td><td>13,073</td><td>10,323</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>93,502</td><td>4,191</td><td>62,769</td><td>13,757</td><td>8,192</td><td>918</td><td>1,505</td><td>1,870</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>62,574</td><td>974</td><td>39,219</td><td>10,099</td><td>7,650</td><td>803</td><td>1,607</td><td>2,223</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>61,813</td><td>435</td><td>37,699</td><td>10,640</td><td>8,246</td><td>879</td><td>1,603</td><td>2,352</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>65,118</td><td>371</td><td>39,572</td><td>11,826</td><td>8,688</td><td>933</td><td>1,514</td><td>2,213</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>62,929</td><td>141</td><td>39,050</td><td>11,660</td><td>8,253</td><td>865</td><td>1,297</td><td>1,703</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>68,069</td><td>1</td><td>45,661</td><td>12,148</td><td>7,130</td><td>738</td><td>951</td><td>1,139</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>77,271</td><td>-</td><td>52,808</td><td>13,773</td><td>7,721</td><td>726</td><td>1,042</td><td>1,191</td><td>8</td><td>3</td></tr><tr><td>Months:</td><td colspan="10"></td></tr><tr><td>1953-January</td><td>7,743</td><td>-</td><td>5,167</td><td>1,356</td><td>805</td><td>83</td><td>141</td><td>183</td><td>2</td><td>1</td></tr><tr><td>February</td><td>6,283</td><td>-</td><td>4,186</td><td>1,086</td><td>665</td><td>68</td><td>118</td><td>158</td><td>2</td><td>1</td></tr><tr><td>March</td><td>7,611</td><td>-</td><td>5,268</td><td>1,405</td><td>781</td><td>74</td><td>117</td><td>144</td><td>2</td><td>1</td></tr><tr><td>April</td><td>6,865</td><td>-</td><td>4,605</td><td>1,231</td><td>703</td><td>68</td><td>107</td><td>129</td><td>2</td><td>1</td></tr><tr><td>May</td><td>6,308</td><td>-</td><td>4,608</td><td>1,231</td><td>694</td><td>68</td><td>105</td><td>119</td><td>1</td><td>1</td></tr><tr><td>June</td><td>6,943</td><td>-</td><td>4,691</td><td>1,261</td><td>704</td><td>68</td><td>103</td><td>115</td><td>1</td><td>1</td></tr><tr><td>July</td><td>7,011</td><td>-</td><td>4,695</td><td>1,270</td><td>718</td><td>72</td><td>116</td><td>136</td><td>2</td><td>1</td></tr><tr><td>August p.</td><td>6,736</td><td>-</td><td>4,231</td><td>1,216</td><td>689</td><td>67</td><td>107</td><td>124</td><td>2</td><td>1</td></tr><tr><td>September p</td><td>6,786</td><td>-</td><td>4,541</td><td>1,260</td><td>695</td><td>67</td><td>104</td><td>116</td><td>2</td><td>1</td></tr><tr><td>Inception to date p.</td><td>1,546,380</td><td>21,076</td><td>1,056,975</td><td>239,454</td><td>173,761</td><td>7,265</td><td>23,569</td><td>24,242</td><td>23</td><td>10</td></tr></table>
Redemptions
<table><tr><th>Fiscal years:</th><td>241,760</td><td>1,317</td><td>108,925</td><td>27,464</td><td>12,201</td><td>-</td><td>1,062</td><td>780</td><td>-</td></tr><tr><td>1941-45</td><td>130,905</td><td>6,247</td><td>145,094</td><td>26,344</td><td>13,205</td><td>76</td><td>1,141</td><td>877</td><td>-</td></tr><tr><td>1946</td><td>123,725</td><td>4,109</td><td>83,836</td><td>17,872</td><td>10,713</td><td>189</td><td>1,105</td><td>900</td><td>-</td></tr><tr><td>1947</td><td>93,438</td><td>2,092</td><td>65,333</td><td>14,302</td><td>9,387</td><td>286</td><td>1,115</td><td>1,004</td><td>-</td></tr><tr><td>1948</td><td>79,646</td><td>1,369</td><td>54,809</td><td>12,623</td><td>8,450</td><td>284</td><td>1,077</td><td>1,035</td><td>-</td></tr><tr><td>1949</td><td>76,109</td><td>1,017</td><td>52,101</td><td>12,346</td><td>8,155</td><td>334</td><td>1,069</td><td>1,088</td><td>-</td></tr><tr><td>1950</td><td>82,875</td><td>701</td><td>54,840</td><td>14,134</td><td>9,911</td><td>466</td><td>1,351</td><td>1,472</td><td>-</td></tr><tr><td>1951</td><td>76,403</td><td>443</td><td>51,649</td><td>12,662</td><td>8,777</td><td>371</td><td>1,211</td><td>1,291</td><td>-</td></tr><tr><td>1952</td><td>81,983</td><td>313</td><td>56,734</td><td>13,535</td><td>8,840</td><td>342</td><td>1,112</td><td>1,106</td><td>*</td></tr><tr><th>Calendar years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-45</td><td>341,505</td><td>4,150</td><td>275,768</td><td>40,689</td><td>18,235</td><td>*</td><td>1,533</td><td>1,129</td><td>-</td></tr><tr><td>1946</td><td>163,115</td><td>5,802</td><td>118,862</td><td>23,111</td><td>12,965</td><td>165</td><td>1,236</td><td>975</td><td>-</td></tr><tr><td>1947</td><td>102,977</td><td>2,997</td><td>72,911</td><td>15,295</td><td>9,664</td><td>213</td><td>1,077</td><td>920</td><td>-</td></tr><tr><td>1948</td><td>65,888</td><td>1,595</td><td>59,265</td><td>13,470</td><td>9,086</td><td>273</td><td>1,134</td><td>1,069</td><td>-</td></tr><tr><td>1949</td><td>75,933</td><td>1,217</td><td>52,996</td><td>12,284</td><td>8,065</td><td>302</td><td>1,046</td><td>1,025</td><td>-</td></tr><tr><td>1950</td><td>79,176</td><td>835</td><td>53,087</td><td>13,257</td><td>9,081</td><td>404</td><td>1,220</td><td>1,292</td><td>-</td></tr><tr><td>1951</td><td>71,202</td><td>549</td><td>51,532</td><td>13,000</td><td>9,079</td><td>420</td><td>1,244</td><td>1,359</td><td>-</td></tr><tr><td>1952</td><td>80,420</td><td>375</td><td>50,000</td><td>13,285</td><td>8,991</td><td>356</td><td>1,191</td><td>1,220</td><td>*</td></tr><tr><th>Months:</th><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>7,511</td><td>27</td><td>5,261</td><td>1,216</td><td>781</td><td>28</td><td>97</td><td>101</td><td>*</td></tr><tr><td>February</td><td>7,599</td><td>22</td><td>3,804</td><td>928</td><td>623</td><td>26</td><td>82</td><td>83</td><td>*</td></tr><tr><td>March</td><td>7,175</td><td>26</td><td>4,975</td><td>1,189</td><td>763</td><td>32</td><td>95</td><td>95</td><td>*</td></tr><tr><td>April</td><td>7,338</td><td>26</td><td>5,092</td><td>1,209</td><td>781</td><td>30</td><td>99</td><td>101</td><td>*</td></tr><tr><td>May</td><td>6,850</td><td>22</td><td>4,716</td><td>1,141</td><td>751</td><td>27</td><td>97</td><td>94</td><td>*</td></tr><tr><td>June</td><td>7,244</td><td>25</td><td>5,021</td><td>1,208</td><td>773</td><td>31</td><td>95</td><td>92</td><td>*</td></tr><tr><td>July p.</td><td>7,399</td><td>23</td><td>5,166</td><td>1,233</td><td>760</td><td>30</td><td>94</td><td>93</td><td>*</td></tr><tr><td>August p.</td><td>6,651</td><td>22</td><td>4,699</td><td>1,107</td><td>674</td><td>27</td><td>82</td><td>80</td><td>*</td></tr><tr><td>September p</td><td>7,510</td><td>22</td><td>5,164</td><td>1,254</td><td>836</td><td>30</td><td>105</td><td>99</td><td>*</td></tr><tr><td>Inception to date p.</td><td>1,070,434</td><td>17,635</td><td>783,319</td><td>154,875</td><td>91,909</td><td>2,395</td><td>10,525</td><td>9,825</td><td>*</td></tr></table>
Source: Based on Daily Treasury Statement and reports from Federal Reserve Banks and Bureau of the Public Debt.
1/ Sale of Series E bonds began June 1, 1952.
2/ Sale was authorized June 1944, to Armed Forces only, and discontinued after March 31, 1950.
3/ Salee began in October 1945.
4/ Sale of $10,000 denomination Series E bonds were authorized on May 1, 1952, and $5,000 and $10,000 Series E bonds on June 1, 1952.
5/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952.
* Less than 500 pieces.
p Preliminary.
Treasury Bulletin
28
TREASURY SAVINGS NOTES
Treasury tax and savings notes have been issued as follows: Tax Series A from August 1, 1941, through June 22, 1943; Tax Series B from August 1, 1941, through September 12, 1942; Savings Series C (originally designated Tax Series C) from September 14, 1942, through August 31, 1948; Savings Series D from September 1, 1948, through May 14, 1951; Savings Series A from May 15, 1951, through May 14, 1953; and Savings Series B beginning on May 15, 1953.
Details concerning terms and conditions for purchase and redemption and information on investment yields of Savings Series B appear in the June 1953 issue of the "Treasury Bulletin", page A-1. Similar information with
respect to the offering of the earlier series was published currently in the "Treasury Bulletin", and appears also in the "Annual Report of the Secretary of the Treasury" for appropriate years.
In the following tables sales and redemptions of Treasury savings notes are shown at par value. Matured notes redeemed (either for cash or for tax payment) are included in the figures on redemptions. Matured notes outstanding are reflected in the interest-bearing debt until all notes of the annual series have matured, when they are transferred to matured debt upon which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1953
(In millions of dollars)
<table><tr><th rowspan="2">Series</th><th rowspan="2">Sales</th><th colspan="3">Redemptions</th><th colspan="2">Amount outstanding</th></tr><tr><th>Total</th><th>For cash</th><th>For taxes</th><th>Matured debt</th><th>Interest-bearing debt</th></tr><tr><td>Series A (tax series)</td><td>407 1/4</td><td>406</td><td>68 1/4</td><td>339</td><td>1</td><td>-</td></tr><tr><td>Series B (tax series)</td><td>4,944</td><td>4,944</td><td>182 1/4</td><td>4,761</td><td>*</td><td>-</td></tr><tr><td>Series C</td><td>32,438 1/4</td><td>32,433</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>12,244</td><td>9,493</td><td>3,051</td><td>3</td><td>86</td></tr><tr><td>Series A</td><td>9,187</td><td>8,170</td><td>4,010</td><td>4,159</td><td>-</td><td>1,017</td></tr><tr><td>Series B</td><td>4,663</td><td>127</td><td>6</td><td>120</td><td>-</td><td>4,536</td></tr><tr><td>Total</td><td>63,971</td><td>58,323</td><td>24,500</td><td>33,824</td><td>9</td><td>5,639</td></tr></table>
Source: Office of the Treasurer of the U.S.; Daily Treasury Statement. 1/ Include exchanges in connection with the offering in September 1942
of Tax Series A-1945 and Series C.
Less than $500,000.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Salee</th><th colspan="3">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th>Total</th><th>For cash</th><th>For taxes</th><th>Matured debt</th><th>Interest-bearing debt</th></tr><tr><td><b>Fiscal years:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1942-45</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>3,525</td><td>6,935</td><td>2,630</td><td>4,305</td><td>20</td><td>6,711</td></tr><tr><td>1947</td><td>3,057</td><td>4,200</td><td>2,185</td><td>2,015</td><td>28</td><td>5,560</td></tr><tr><td>1948</td><td>2,114</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>3,994</td><td>3,532</td><td>2,079</td><td>1,453</td><td>32</td><td>4,860</td></tr><tr><td>1950</td><td>6,150</td><td>2,549</td><td>1,510</td><td>1,039</td><td>20</td><td>8,472</td></tr><tr><td>1951</td><td>5,142</td><td>5,799</td><td>4,633</td><td>1,166</td><td>18</td><td>7,818</td></tr><tr><td>1952</td><td>4,965</td><td>6,174</td><td>3,437</td><td>2,737</td><td>14</td><td>6,612</td></tr><tr><td>1953</td><td>4,224</td><td>6,388</td><td>4,307</td><td>2,082</td><td>10</td><td>4,453</td></tr><tr><td><b>Calendar years:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-45</td><td>31,050</td><td>22,737</td><td>2,691</td><td>20,046</td><td>77</td><td>8,235</td></tr><tr><td>1946</td><td>2,769</td><td>5,305</td><td>2,337</td><td>2,968</td><td>72</td><td>5,725</td></tr><tr><td>1947</td><td>2,925</td><td>3,244</td><td>1,881</td><td>1,363</td><td>96</td><td>5,304</td></tr><tr><td>1948</td><td>3,032</td><td>3,871</td><td>2,446</td><td>1,424</td><td>66</td><td>4,572</td></tr><tr><td>1949</td><td>5,972</td><td>2,951</td><td>1,584</td><td>1,366</td><td>49</td><td>7,610</td></tr><tr><td>1950</td><td>3,613</td><td>2,592</td><td>1,802</td><td>790</td><td>40</td><td>8,640</td></tr><tr><td>1951</td><td>5,023</td><td>6,922</td><td>5,657</td><td>1,265</td><td>47</td><td>7,534</td></tr><tr><td>1952</td><td>3,726</td><td>5,510</td><td>2,504</td><td>2,966</td><td>28</td><td>5,770</td></tr><tr><td><b>Months:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953-January</td><td>107</td><td>205</td><td>164</td><td>41</td><td>22</td><td>5,676</td></tr><tr><td>February</td><td>80</td><td>118</td><td>83</td><td>34</td><td>19</td><td>5,642</td></tr><tr><td>March</td><td>63</td><td>811</td><td>82</td><td>749</td><td>14</td><td>4,879</td></tr><tr><td>April</td><td>109</td><td>192</td><td>137</td><td>54</td><td>12</td><td>4,798</td></tr><tr><td>May</td><td>1,714</td><td>1,720</td><td>1,695</td><td>25</td><td>11</td><td>4,793</td></tr><tr><td>June</td><td>1,068</td><td>1,408</td><td>885</td><td>524</td><td>10</td><td>4,453</td></tr><tr><td>July</td><td>472</td><td>219</td><td>185</td><td>34</td><td>9</td><td>4,706</td></tr><tr><td>August</td><td>479</td><td>208</td><td>194</td><td>14</td><td>9</td><td>4,777</td></tr><tr><td>September</td><td>992</td><td>290</td><td>111</td><td>179</td><td>9</td><td>5,639</td></tr></table>
Source: Office of the Treasurer of the U.S.; Daily Treasury Statement. 1/ Includes both matured and unmatured notes.
November 1955
29
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 rowspan="2">Total Federal securities out-standing</th><th colspan="5">Interest-bearing securities issued by the U. S. Government</th><th colspan="5">Interest-bearing securities guaranteed by the U. S. Government 1/</th><th rowspan="2">Matured debt and debt bearing no interest</th></tr><tr><th>Total out-standing</th><th colspan="3">Held by U. S. Government investment accounts 2/</th><th colspan="3">Held by private investors 3/</th><th colspan="3">Total out-standing</th></tr><tr><th></th><th></th><th>Total</th><th>Public issues</th><th>Special issues</th><th>Held by Federal Reserve Banks - public 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 and Federal Reserve Banks 2/ 4/</th><th>Held by private investors Public marketable issues</th><th>Public non-marketable issues 2/</th></tr><tr><td>1945</td><td>299,115</td><td>256,357</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>269,899</td><td>268,111</td><td>29,121</td><td>6,789</td><td>22,332</td><td>23,783</td><td>215,206</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>258,376</td><td>255,113</td><td>32,809</td><td>5,443</td><td>27,366</td><td>21,872</td><td>200,432</td><td>141,423</td><td>59,010</td><td>83</td><td>2</td><td>37</td><td>45</td><td>3,179</td></tr><tr><td>1948</td><td>252,366</td><td>250,063</td><td>35,761</td><td>5,550</td><td>30,211</td><td>21,366</td><td>192,936</td><td>133,567</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>252,798</td><td>250,762</td><td>38,288</td><td>5,512</td><td>32,776</td><td>19,343</td><td>193,131</td><td>130,417</td><td>62,714</td><td>24</td><td>-</td><td>13</td><td>11</td><td>2,012</td></tr><tr><td>1950</td><td>257,377</td><td>255,209</td><td>37,830</td><td>5,474</td><td>32,356</td><td>18,331</td><td>199,048</td><td>131,629</td><td>67,419</td><td>17</td><td>*</td><td>16</td><td>1</td><td>2,150</td></tr><tr><td>1951</td><td>255,251</td><td>252,832</td><td>40,958</td><td>6,305</td><td>34,653</td><td>22,928</td><td>188,911</td><td>111,663</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>259,151</td><td>256,853</td><td>44,335</td><td>6,596</td><td>37,739</td><td>22,906</td><td>189,083</td><td>115,185</td><td>74,377</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>24,786</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>39,150</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>45,921</td><td>6,894</td><td>39,097</td><td>23,944</td><td>195,389</td><td>121,303</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>23,875</td><td>195,443</td><td>121,268</td><td>74,175</td><td>42</td><td>1</td><td>48</td><td>*</td><td>2,036</td></tr><tr><td>Mar.</td><td>264,536</td><td>262,330</td><td>46,260</td><td>6,906</td><td>39,354</td><td>23,806</td><td>192,313</td><td>118,944</td><td>73,469</td><td>50</td><td>2</td><td>48</td><td>*</td><td>2,106</td></tr><tr><td>Apr.</td><td>264,042</td><td>262,550</td><td>46,337</td><td>6,863</td><td>39,474</td><td>23,880</td><td>192,333</td><td>118,957</td><td>73,376</td><td>51</td><td>2</td><td>49</td><td>*</td><td>2,041</td></tr><tr><td>May</td><td>266,572</td><td>264,445</td><td>46,767</td><td>7,057</td><td>39,710</td><td>24,246</td><td>193,431</td><td>120,587</td><td>72,844</td><td>51</td><td>*</td><td>51</td><td>-</td><td>2,076</td></tr><tr><td>June</td><td>266,123</td><td>263,946</td><td>47,560</td><td>7,021</td><td>40,538</td><td>24,786</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>7,005</td><td>40,594</td><td>24,964</td><td>198,040</td><td>125,354</td><td>72,686</td><td>62</td><td>2</td><td>60</td><td>-</td><td>2,067</td></tr><tr><td>Aug.</td><td>273,269</td><td>271,114</td><td>47,973</td><td>6,986</td><td>40,938</td><td>25,063</td><td>198,108</td><td>125,212</td><td>72,896</td><td>62</td><td>*</td><td>62</td><td>-</td><td>2,060</td></tr><tr><td>Sept.</td><td>273,001</td><td>270,744</td><td>48,035</td><td>7,076</td><td>40,958</td><td>25,235</td><td>197,474</td><td>124,059</td><td>73,415</td><td>61</td><td>*</td><td>62</td><td>-</td><td>2,195</td></tr></table>
Source: Daily Treasury Statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government investment accounts; and reports from Federal Reserve System for securities held by Federal Reserve Banks. 1/ Excludes guaranteed securities held by the Treasury. 2/ Includes accounts under the control of certain U. S. Government agencies whose investments are handled outside the Treasury; excludes Federal land banks after June 26, 1947, when the proprietary interest of the United States in these banks ended.
3/ The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the amount held by U. S. Government investment accounts and Federal Reserve Banks.
1/ All public marketable issues.
2/ Consists of Commodity Credit Corporation demand obligations stated as of the close of the previous month.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
<table><tr><th>Year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-3</td><td>-4.4</td><td>-3</td><td>-11.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>-</td><td>-7</td><td>-2</td><td>.4</td><td>-</td><td>-</td><td>-</td><td>-2</td><td>-</td><td>60.0</td></tr><tr><td>1942</td><td>-5</td><td>30.0</td><td>5.8</td><td>3</td><td>-</td><td>.3</td><td>-2.3</td><td>-8.4</td><td>4.5</td><td>1.0</td><td>-</td><td>-</td></tr><tr><td>1943</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>.4</td><td>-35.2</td><td>-145.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>-</td><td>-5.0</td><td>4.8</td></tr><tr><td>1944</td><td>-4.9</td><td>-105.1</td><td>-11.5</td><td>-16.5</td><td>-10.0</td><td>20.5</td><td>-18.5</td><td>-19.0</td><td>-28.1</td><td>-</td><td>-5.9</td><td>-12.0</td></tr><tr><td>1945</td><td>-67.9</td><td>-48.1</td><td>-5.9</td><td>-59.4</td><td>-34.4</td><td>-56.4</td><td>-17.0</td><td>-12</td><td>-12.5</td><td>-3</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>-8.1</td><td>-7</td><td>-4.7</td><td>3.3</td><td>.4</td><td>-69.8</td><td>-157.8</td><td>-41.2</td><td>-76.1</td><td>-123.0</td><td>-57.6</td><td>-20.3</td></tr><tr><td>1947</td><td>.1</td><td>-</td><td>-61.3</td><td>-138.6</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-143.1</td><td>-14.1</td><td>221.0</td><td>-</td><td>696.4</td></tr><tr><td>1948</td><td>-2</td><td>176.9</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>-1.8</td><td>-2</td></tr><tr><td>1949</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>-1.1</td><td>3.8</td><td>4.6</td><td>-1.7</td><td>11.5</td><td>-1</td></tr><tr><td>1950</td><td>-6.6</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>5.8</td><td>10.7</td><td>7.0</td></tr><tr><td>1951</td><td>36.3</td><td>261.2</td><td>482.7</td><td>8.4</td><td>11.4</td><td>3.5</td><td>.2</td><td>4.7</td><td>2.8</td><td>8.4</td><td>-3.6</td><td>29.0</td></tr><tr><td>1952</td><td>22.1</td><td>6.7</td><td>.5</td><td>19.9</td><td>2.9</td><td>1.5</td><td>1.4</td><td>1.9</td><td>3.5</td><td>16.5</td><td>11.7</td><td>8.2</td></tr><tr><td>1953</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>.4</td><td>38.4</td><td></td><td></td><td></td></tr></table>
1/ Complete or 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.
30
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES
Table 3.- Estimated Ownership of Federal Securities
(Par value 1/ - in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstanding 2/</th><th colspan="3">Held by banks</th><th>U. S. Government investment accounts 1/</th><th colspan="7">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks 2/</th><th>Federal Reserve Banks</th><th>Total</th><th>Total</th><th>Individuals 2/ Savings bonds</th><th>Other</th><th>Insurance Companies</th><th>Mutual savings banks</th><th>Corporations 6/</th><th>State and local governments 7/</th><th>Miscellaneous investors 8/</th></tr><tr><td>1939-December</td><td>47.6</td><td>18.4</td><td>19.9</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>2.5</td><td>7.1</td><td>22.8</td><td>10.1</td><td>2.6</td><td>7.5</td><td>6.5</td><td>3.1</td><td>2.1</td><td>.4</td><td>.7</td></tr><tr><td>December</td><td>50.9</td><td>19.5</td><td>17.3</td><td>2.2</td><td>7.6</td><td>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>13.4</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>22.2</td><td>7.2</td><td>14.3</td><td>67.0</td><td>30.9</td><td>19.2</td><td>11.7</td><td>13.1</td><td>5.3</td><td>12.9</td><td>1.5</td><td>3.4</td></tr><tr><td>December</td><td>170.1</td><td>71.5</td><td>59.9</td><td>11.5</td><td>16.9</td><td>81.7</td><td>37.6</td><td>24.7</td><td>12.9</td><td>15.1</td><td>6.2</td><td>16.4</td><td>2.1</td><td>4.4</td></tr><tr><td>1944-June</td><td>202.6</td><td>83.3</td><td>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>6.1</td></tr><tr><td>December</td><td>232.1</td><td>96.5</td><td>77.7</td><td>18.8</td><td>21.7</td><td>114.0</td><td>53.3</td><td>36.2</td><td>17.1</td><td>19.6</td><td>8.3</td><td>21.4</td><td>4.3</td><td>7.0</td></tr><tr><td>1945-June</td><td>259.1</td><td>105.0</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>278.7</td><td>115.0</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>24.0</td><td>10.7</td><td>22.0</td><td>6.5</td><td>9.1</td></tr><tr><td>1946-February (Peak)</td><td>279.8</td><td>116.7</td><td>93.8</td><td>22.9</td><td>28.0</td><td>135.1</td><td>64.1</td><td>43.3</td><td>20.8</td><td>24.4</td><td>11.1</td><td>19.9</td><td>6.7</td><td>8.9</td></tr><tr><td>June</td><td>269.9</td><td>108.2</td><td>84.4</td><td>23.8</td><td>29.1</td><td>138.6</td><td>63.4</td><td>43.5</td><td>20.0</td><td>24.9</td><td>11.5</td><td>17.7</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>66.4</td><td>45.5</td><td>20.9</td><td>24.6</td><td>12.1</td><td>13.9</td><td>7.1</td><td>9.6</td></tr><tr><td>December</td><td>257.0</td><td>91.3</td><td>68.7</td><td>22.6</td><td>34.4</td><td>131.3</td><td>65.7</td><td>46.2</td><td>19.4</td><td>23.9</td><td>12.0</td><td>14.1</td><td>7.3</td><td>8.4</td></tr><tr><td>1948-June</td><td>232.4</td><td>85.9</td><td>64.6</td><td>21.4</td><td>35.8</td><td>130.7</td><td>65.8</td><td>47.1</td><td>18.6</td><td>22.8</td><td>12.0</td><td>13.6</td><td>7.8</td><td>8.7</td></tr><tr><td>December</td><td>252.9</td><td>85.8</td><td>62.5</td><td>23.3</td><td>37.3</td><td>129.7</td><td>65.5</td><td>47.8</td><td>17.6</td><td>21.2</td><td>11.5</td><td>14.8</td><td>7.9</td><td>8.9</td></tr><tr><td>1949-June</td><td>232.8</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>89.7</td><td>66.8</td><td>18.9</td><td>39.4</td><td>132.1</td><td>66.3</td><td>49.3</td><td>17.0</td><td>20.1</td><td>11.4</td><td>16.8</td><td>8.1</td><td>9.4</td></tr><tr><td>1950-June</td><td>257.4</td><td>83.9</td><td>65.6</td><td>18.3</td><td>37.8</td><td>135.6</td><td>67.0</td><td>49.9</td><td>17.2</td><td>19.8</td><td>11.6</td><td>18.8</td><td>8.7</td><td>9.7</td></tr><tr><td>December</td><td>296.7</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>275.0</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>16.2</td><td>17.9</td><td>10.5</td><td>21.1</td><td>9.1</td><td>10.4</td></tr><tr><td>June</td><td>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>49.1</td><td>15.0</td><td>17.1</td><td>10.2</td><td>20.8</td><td>9.4</td><td>10.7</td></tr><tr><td>September</td><td>257.4</td><td>83.2</td><td>59.5</td><td>23.7</td><td>42.0</td><td>132.2</td><td>64.2</td><td>49.0</td><td>15.2</td><td>16.8</td><td>10.1</td><td>21.0</td><td>9.5</td><td>10.6</td></tr><tr><td>December</td><td>259.5</td><td>85.4</td><td>61.6</td><td>23.8</td><td>42.3</td><td>131.8</td><td>64.0</td><td>49.1</td><td>15.0</td><td>16.4</td><td>9.8</td><td>21.3</td><td>9.6</td><td>10.6</td></tr><tr><td>1952-January</td><td>259.8</td><td>84.8</td><td>62.1</td><td>22.7</td><td>42.7</td><td>132.3</td><td>64.1</td><td>49.1</td><td>15.0</td><td>16.4</td><td>9.8</td><td>21.5</td><td>9.9</td><td>10.5</td></tr><tr><td>February</td><td>260.4</td><td>83.8</td><td>61.2</td><td>22.5</td><td>43.9</td><td>133.8</td><td>64.8</td><td>49.1</td><td>15.7</td><td>16.3</td><td>9.8</td><td>22.1</td><td>10.0</td><td>10.8</td></tr><tr><td>March</td><td>258.1</td><td>82.6</td><td>60.1</td><td>22.5</td><td>43.0</td><td>132.5</td><td>65.0</td><td>49.1</td><td>15.9</td><td>16.3</td><td>9.8</td><td>20.7</td><td>10.1</td><td>10.6</td></tr><tr><td>April</td><td>258.3</td><td>82.8</td><td>60.5</td><td>22.4</td><td>43.2</td><td>132.3</td><td>64.6</td><td>49.0</td><td>15.6</td><td>16.2</td><td>9.8</td><td>20.2</td><td>10.2</td><td>11.3</td></tr><tr><td>May</td><td>260.0</td><td>83.3</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>22.2</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>263.2</td><td>85.0</td><td>61.8</td><td>23.1</td><td>45.0</td><td>133.2</td><td>64.4</td><td>49.0</td><td>15.4</td><td>16.1</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>61.6</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>45.1</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>257.5</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>16.1</td><td>9.5</td><td>21.0</td><td>10.9</td><td>12.2</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>11.7</td></tr><tr><td>1953-January</td><td>267.5</td><td>86.7</td><td>62.8</td><td>23.2</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>267.5</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>21.1</td><td>11.1</td><td>12.5</td></tr><tr><td>March</td><td>264.5</td><td>83.3</td><td>59.5</td><td>23.3</td><td>46.3</td><td>135.0</td><td>65.0</td><td>49.5</td><td>15.5</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>59.0</td><td>23.9</td><td>46.3</td><td>135.4</td><td>65.1*</td><td>49.6</td><td>15.5*</td><td>16.0</td><td>9.5</td><td>20.5*</td><td>11.3</td><td>13.0</td></tr><tr><td>May</td><td>266.6</td><td>82.7</td><td>58.5</td><td>24.2</td><td>46.8</td><td>137.1</td><td>65.6*</td><td>49.3</td><td>16.3*</td><td>16.0</td><td>9.6</td><td>21.4*</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>65.9*</td><td>49.3</td><td>16.6*</td><td>15.9</td><td>9.5</td><td>19.2*</td><td>11.8</td><td>12.8*</td></tr><tr><td>July</td><td>272.7</td><td>88.3</td><td>63.3</td><td>25.0</td><td>47.6</td><td>136.8</td><td>65.9</td><td>49.3</td><td>16.6</td><td>15.9</td><td>9.5</td><td>20.3</td><td>12.0</td><td>13.3</td></tr><tr><td>August p</td><td>273.3</td><td>87.6</td><td>62.5</td><td>25.1</td><td>48.0</td><td>137.7</td><td>65.9</td><td>49.3</td><td>16.6</td><td>15.9</td><td>9.5</td><td>20.8</td><td>12.0</td><td>13.5</td></tr></table>
1/ United States earnings bonds, Series A-F and J, are included at current redemption values.
2/ Securities issued or guaranteed by the U. S. Government, excluding guaranteed securities held by the Treasury.
3/ Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions.
4/ Figures exclude securities held in trust departments.
5/ Includes only land banks are included under "Miscellaneous investors" instead of "U. S. Government investment accounts" after June 26, 1947, when the proprietary interest of the United States in these banks ended.
6/ Include partnerships and personal trust accounts. Nonprofit institu-
1. Consists of trust, sinking, and investment funds of State and local governments and their agencies, and Territories and Island possessions.
2. 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. B. ginning December 1946, includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in special noninterest-bearing notes issued by the U. S. Government.
p. Preliminary.
r. Revised.
November 1955
31
TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 1953
The Treasury Survey of Ownership covers securities issued by the United States Government and by Federal agencies. The banks and insurance companies included in the Survey account for approximately 95 percent of such securities held by all banks and insurance companies in the United States. Data were first published for March 31, 1941, in the May 1941 "Treasury Bulletin".
Information on the distribution of ownership by types of banks and insurance companies is published each month. Additional information showing the holdings of commercial banks distributed according to Federal Reserve member- bank classes and nonmember banks is published for June 30 and December 31.
Section I - Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par value - 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>7,043 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>314 life</th><th>603 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>1/</th></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public marketable</td><td>153,756</td><td>54,728</td><td>7,526</td><td>6,273</td><td>4,515</td><td>28,482</td><td>52,232</td></tr><tr><td>Public nonmarketable 2/</td><td>76,463</td><td>2,215</td><td>2,003</td><td>3,643</td><td>925</td><td>3,566</td><td>64,111</td></tr><tr><td>Special issues</td><td>40,988</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,988</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>271,207</td><td>56,943</td><td>9,529</td><td>9,916</td><td>5,440</td><td>73,036</td><td>116,343</td></tr><tr><td>Matured debt and debt bearing no interest 2/</td><td>2,062</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 3/</td><td>273,269</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>7,043 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies 314 life</th><th>603 fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>3/</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>20,209</td><td>4,596</td><td>133</td><td>384</td><td>130</td><td>1,887</td><td>13,178</td></tr><tr><td>Certificate of indebtedness</td><td>21,655</td><td>7,878</td><td>162</td><td>47</td><td>355</td><td>5,049</td><td>8,165</td></tr><tr><td>Treasury notes</td><td>30,492</td><td>10,138</td><td>59</td><td>29</td><td>562</td><td>13,792</td><td>5,913</td></tr><tr><td>Treasury bonds - bank eligible</td><td>63,992</td><td>31,752</td><td>4,650</td><td>2,578</td><td>2,808</td><td>5,000</td><td>17,184</td></tr><tr><td>Treasury bonds - bank restricted 1/</td><td>17,240</td><td>352</td><td>2,514</td><td>3,286</td><td>699</td><td>2,778</td><td>7,701</td></tr><tr><td>Postal savings and Panama Canal bonds</td><td>107</td><td>15</td><td>8</td><td>10</td><td>1</td><td>17</td><td>75</td></tr><tr><td>Guaranteed by U.S. Government 2/</td><td>62</td><td>27</td><td></td><td></td><td>*</td><td>*</td><td>17</td></tr><tr><td>Total</td><td>153,756</td><td>54,728</td><td>7,526</td><td>6,273</td><td>4,515</td><td>28,482</td><td>52,232</td></tr><tr><td>Maturity classes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>70,891</td><td>23,105</td><td>567</td><td>457</td><td>1,134</td><td>15,957</td><td>23,671</td></tr><tr><td>1 to 5 years</td><td>32,380</td><td>18,179</td><td>448</td><td>132</td><td>947</td><td>6,591</td><td>6,083</td></tr><tr><td>5 to 10 years</td><td>18,675</td><td>8,895</td><td>1,357</td><td>711</td><td>1,901</td><td>1,780</td><td>4,842</td></tr><tr><td>10 to 15 years</td><td>3,602</td><td>1,821</td><td>385</td><td>351</td><td>168</td><td>266</td><td>611</td></tr><tr><td>15 to 20 years</td><td>26,540</td><td>2,596</td><td>4,635</td><td>4,479</td><td>1,138</td><td>3,730</td><td>9,962</td></tr><tr><td>Over 20 years</td><td>1,606</td><td>106</td><td>126</td><td>133</td><td>36</td><td>158</td><td>1,047</td></tr><tr><td>Various (Federal Housing Administration debentures)</td><td>62</td><td>27</td><td>8</td><td>10</td><td>*</td><td>*</td><td>17</td></tr><tr><td>Total</td><td>153,756</td><td>54,728</td><td>7,526</td><td>6,273</td><td>4,515</td><td>28,482</td><td>52,232</td></tr><tr><td>Tax status: 3/</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>107</td><td>15</td><td>-</td><td>-</td><td>1</td><td>17</td><td>75</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>6,678</td><td>5,627</td><td>7</td><td>3</td><td>199</td><td>13</td><td>828</td></tr><tr><td>Subject to Federal income taxes 2/</td><td>146,972</td><td>49,087</td><td>7,518</td><td>6,270</td><td>4,315</td><td>28,452</td><td>51,329</td></tr><tr><td>Total</td><td>153,756</td><td>54,728</td><td>7,526</td><td>6,273</td><td>4,515</td><td>28,482</td><td>52,232</td></tr></table>
Footnotes at end of Section II.
32
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 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 §/ 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 3/</th></tr><tr><th></th><th></th><th>7,043 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies 314 life 603 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><td>Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Regular Series....(taxable)</td><td>19,407</td><td>4,225</td><td>130</td><td>377</td><td>127</td><td>1,827</td><td>12,721</td></tr><tr><td>Tax Anticipation Series....(taxable)</td><td>800</td><td>332</td><td>3</td><td>7</td><td>3</td><td>-</td><td>456</td></tr><tr><td>Total Treasury bills</td><td>20,208</td><td>4,556</td><td>133</td><td>384</td><td>130</td><td>1,827</td><td>13,178</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>2-1/4$ February 1954-A....(taxable)</td><td>8,114</td><td>1,680</td><td>25</td><td>3</td><td>120</td><td>3,693</td><td>2,593</td></tr><tr><td>2-5/8$ June 1954-B (Tax Anticipation Series)....(taxable)</td><td>4,858</td><td>1,575</td><td>25</td><td>4</td><td>103</td><td>1,156</td><td>1,995</td></tr><tr><td>2-1/2$ March 1954-D....(taxable)</td><td>5,902</td><td>3,398</td><td>76</td><td>29</td><td>42</td><td>11</td><td>2,347</td></tr><tr><td>2-5/8$ August 1954-D....(taxable)</td><td>2,761</td><td>1,225</td><td>36</td><td>11</td><td>90</td><td>188</td><td>1,230</td></tr><tr><td>Total certificates of indebtedness</td><td>21,655</td><td>7,878</td><td>162</td><td>47</td><td>355</td><td>5,049</td><td>8,165</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>949</td><td>26</td><td>2</td><td>78</td><td>7,507</td><td>1,979</td></tr><tr><td>1-3/8$ March 1954-A....(taxable)</td><td>4,675</td><td>2,476</td><td>6</td><td>*</td><td>165</td><td>245</td><td>1,783</td></tr><tr><td>1-1/2$ March 1955-A....(taxable)</td><td>5,365</td><td>3,890</td><td>13</td><td>*</td><td>180</td><td>91</td><td>1,191</td></tr><tr><td>1-3/4$ December 1955-B....(taxable)</td><td>6,894</td><td>2,556</td><td>7</td><td>2</td><td>125</td><td>3,236</td><td>989</td></tr><tr><td>1-1/2$ April 1956-EA....(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-BO....(taxable)</td><td>550</td><td>42</td><td>2</td><td>-</td><td>*</td><td>500</td><td>7</td></tr><tr><td>1-1/2$ April 1957-EA....(taxable)</td><td>531</td><td>27</td><td>*</td><td>-</td><td>2</td><td>500</td><td>3</td></tr><tr><td>1-1/2$ October 1957-BO....(taxable)</td><td>824</td><td>83</td><td>3</td><td>1</td><td>5</td><td>714</td><td>18</td></tr><tr><td>1-1/2$ April 1958-EA....(taxable)</td><td>144</td><td>110</td><td>3</td><td>24</td><td>7</td><td>-</td><td>*</td></tr><tr><td>Total Treasury notes</td><td>30,492</td><td>10,138</td><td>59</td><td>29</td><td>562</td><td>13,792</td><td>5,913</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>7,986</td><td>3,858</td><td>168</td><td>16</td><td>242</td><td>863</td><td>2,839</td></tr><tr><td>2$ December 1951-55....(taxable)</td><td>510</td><td>333</td><td>7</td><td>*</td><td>18</td><td>8</td><td>144</td></tr><tr><td>2$ June 1952-54....(taxable)</td><td>5,325</td><td>3,389</td><td>72</td><td>9</td><td>164</td><td>465</td><td>1,726</td></tr><tr><td>2-1/4$ June 1952-55....(taxable)</td><td>1,501</td><td>904</td><td>64</td><td>21</td><td>52</td><td>101</td><td>358</td></tr><tr><td>2$ December 1952-54....(taxable)</td><td>8,662</td><td>5,781</td><td>87</td><td>18</td><td>230</td><td>299</td><td>2,248</td></tr><tr><td>2-1/4$ June 1954-56....(partially)</td><td>681</td><td>585</td><td>*</td><td>*</td><td>27</td><td>*</td><td>69</td></tr><tr><td>2-7/8$ March 1955-60....(partially)</td><td>2,611</td><td>1,984</td><td>3</td><td>1</td><td>77</td><td>7</td><td>539</td></tr><tr><td>2-1/2$ March 1956-58....(taxable)</td><td>1,449</td><td>1,103</td><td>30</td><td>10</td><td>35</td><td>20</td><td>251</td></tr><tr><td>2-1/4$ September 1956-59....(taxable)</td><td>3,802</td><td>2,954</td><td>38</td><td>46</td><td>68</td><td>59</td><td>697</td></tr><tr><td>2-3/4$ September 1956-59....(partially)</td><td>982</td><td>894</td><td>1</td><td>*</td><td>30</td><td>3</td><td>54</td></tr><tr><td>2-3/8$ March 1957-59....(taxable)</td><td>927</td><td>465</td><td>19</td><td>*</td><td>8</td><td>339</td><td>95</td></tr><tr><td>2-3/8$ June 1958....(taxable)</td><td>4,245</td><td>2,752</td><td>232</td><td>56</td><td>267</td><td>106</td><td>831</td></tr><tr><td>2-3/4$ June 1958-63....(partially)</td><td>919</td><td>842</td><td>2</td><td>*</td><td>37</td><td>1</td><td>36</td></tr><tr><td>2-1/2$ December 1958....(taxable)</td><td>620</td><td>398</td><td>34</td><td>*</td><td>12</td><td>37</td><td>138</td></tr><tr><td>2-1/4$ June 1959-62....(taxable)</td><td>5,278</td><td>1,042</td><td>911</td><td>339</td><td>531</td><td>581</td><td>1,855</td></tr><tr><td>2-1/4$ December 1959-62....(taxable)</td><td>3,466</td><td>307</td><td>329</td><td>325</td><td>328</td><td>752</td><td>1,426</td></tr><tr><td>2-3/4$ December 1960-65....(partially)</td><td>1,485</td><td>1,321</td><td>1</td><td>2</td><td>29</td><td>1</td><td>131</td></tr><tr><td>2-1/2$ June 1962-67....(taxable)</td><td>2,117</td><td>500</td><td>384</td><td>348</td><td>139</td><td>264</td><td>430</td></tr><tr><td>2-1/2$ December 1963-68....(taxable)</td><td>2,827</td><td>154</td><td>713</td><td>532</td><td>261</td><td>367</td><td>800</td></tr><tr><td>2-1/2$ June 1964-69....(taxable)</td><td>3,756</td><td>158</td><td>1,278</td><td>707</td><td>185</td><td>429</td><td>1,000</td></tr><tr><td>2-1/2$ September 1967-72....(taxable)</td><td>2,716</td><td>1,921</td><td>129</td><td>14</td><td>33</td><td>156</td><td>461</td></tr><tr><td>3-1/4$ June 1978-83....(taxable)</td><td>1,606</td><td>106</td><td>126</td><td>133</td><td>36</td><td>158</td><td>1,047</td></tr><tr><td>Total bank eligible</td><td>63,992</td><td>31,752</td><td>4,650</td><td>2,578</td><td>2,808</td><td>5,020</td><td>17,194</td></tr><tr><td>Bank restricted: 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/2$ December 1964-69....(taxable)</td><td>3,832</td><td>33</td><td>857</td><td>1,035</td><td>199</td><td>551</td><td>1,156</td></tr><tr><td>2-1/2$ March 1965-70....(taxable)</td><td>4,722</td><td>53</td><td>853</td><td>1,198</td><td>170</td><td>1,161</td><td>1,288</td></tr><tr><td>2-1/2$ March 1966-71....(taxable)</td><td>2,963</td><td>43</td><td>408</td><td>869</td><td>127</td><td>664</td><td>851</td></tr><tr><td>2-1/2$ June 1967-72....(taxable)</td><td>1,893</td><td>62</td><td>251</td><td>49</td><td>50</td><td>140</td><td>1,340</td></tr><tr><td>2-1/2$ December 1967-72....(taxable)</td><td>3,830</td><td>171</td><td>145</td><td>75</td><td>112</td><td>261</td><td>3,066</td></tr><tr><td>Total bank restricted</td><td>17,240</td><td>362</td><td>2,514</td><td>3,226</td><td>659</td><td>2,778</td><td>7,701</td></tr><tr><td>Total Treasury bonds</td><td>81,232</td><td>32,115</td><td>7,164</td><td>5,804</td><td>3,467</td><td>7,797</td><td>24,895</td></tr></table>
Footnotee at end of Section II.
(Continued on following page)
November 1955
33
TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 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 3/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Filed by investors covered in Treasury Survey</th><th>Filed by all other investors 3/</th></tr><tr><th></th><th></th><th>7,043 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>31k life</th><th>603 fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve banks</th><th></th></tr><tr><td>Other bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings bonds................(wholly)</td><td>57</td><td>8</td><td>-</td><td>-</td><td>*</td><td>17</td><td>33</td></tr><tr><td>Panama Canal bonds....................(wholly)</td><td>50</td><td>7</td><td>-</td><td>-</td><td>1</td><td>*</td><td>42</td></tr><tr><td>Total other bonds.....................</td><td>107</td><td>15</td><td>-</td><td>-</td><td>1</td><td>17</td><td>75</td></tr><tr><td>Guaranteed securities: 6/</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>62</td><td>27</td><td>8</td><td>10</td><td>*</td><td>*</td><td>17</td></tr><tr><td>Total public marketable securities.....</td><td>153,756</td><td>54,728</td><td>7,526</td><td>6,273</td><td>4,515</td><td>23,482</td><td>52,232</td></tr></table>
Footnotes at end of Section II.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 3/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,043 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies 314 life</th><th>603 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 1/ (taxable)</td><td>35,803</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>35,802</td></tr><tr><td>Series F 1/ (taxable)</td><td>3,667</td><td>455</td><td>14</td><td>35</td><td>80</td><td>1</td><td>3,082</td></tr><tr><td>Series G (taxable)</td><td>17,264</td><td>923</td><td>547</td><td>266</td><td>432</td><td>18</td><td>15,077</td></tr><tr><td>Series H (taxable)</td><td>462</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>462</td></tr><tr><td>Series J 1/ (taxable)</td><td>168</td><td>1</td><td>1</td><td>1</td><td>5</td><td>*</td><td>161</td></tr><tr><td>Series K (taxable)</td><td>488</td><td>1</td><td>5</td><td>2</td><td>12</td><td>1</td><td>468</td></tr><tr><td>Total United States savings bonds</td><td>57,851</td><td>1,380</td><td>567</td><td>304</td><td>529</td><td>21</td><td>55,051</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>4,977</td><td>24</td><td>3</td><td>*</td><td>11</td><td>6</td><td>4,932</td></tr><tr><td>Depository bonds (taxable)</td><td>441</td><td>441 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>921</td><td>138</td><td>122</td><td>266</td><td>36</td><td>100</td><td>208</td></tr><tr><td>Investment Series B (taxable)</td><td>12,273</td><td>192</td><td>1,311</td><td>3,073</td><td>349</td><td>3,439</td><td>3,920</td></tr><tr><td>Total other U. S. securities</td><td>18,611</td><td>835 11/</td><td>1,436</td><td>3,339</td><td>395</td><td>3,545</td><td>9,060</td></tr><tr><td>Total public nonmarketable securities</td><td>76,463</td><td>2,215 11/</td><td>2,003</td><td>3,643</td><td>925</td><td>3,566</td><td>64,111</td></tr></table>
Footnotes at end of Section II.
34
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 1953
Section II - Interest-Bearing Securities Issued by Federal Agencies but not Guaranteed by the United States Government
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 2/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Hold by investors covered in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,043 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th colspan="2">Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>314 life</th><th>603 fire, casualty, and marine</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></tr><tr><td>Debentures.................... (taxable)</td><td>511</td><td>372</td><td>43</td><td>8</td><td>27</td><td>-</td><td>361</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>2-1/2% 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>2-5/8 June 1954 (Debentures)........ (taxable)</td><td>30</td><td>19</td><td>4</td><td>-</td><td>2</td><td>-</td><td>6</td></tr><tr><td>2-3/4 June 1954 (Debentures)........ (taxable)</td><td>40</td><td>18</td><td>3</td><td>1</td><td>1</td><td>-</td><td>17</td></tr><tr><td>Total Central Bank for Cooperatives securities.</td><td>110</td><td>66</td><td>8</td><td>1</td><td>4</td><td>-</td><td>32</td></tr><tr><td>Federal home loan banks: 12/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2.50% November 1953 (Notes)............ (taxable)</td><td>40</td><td>19</td><td>2</td><td>*</td><td>1</td><td>-</td><td>18</td></tr><tr><td>2.75% February 1954 (Notes)............ (taxable)</td><td>111</td><td>49</td><td>2</td><td>2</td><td>3</td><td>-</td><td>55</td></tr><tr><td>2-7/8 April 1954 (Notes)............ (taxable)</td><td>100</td><td>43</td><td>1</td><td>2</td><td>2</td><td>-</td><td>52</td></tr><tr><td>Total Federal home loan bank securities.</td><td>251</td><td>111</td><td>4</td><td>4</td><td>6</td><td>-</td><td>125</td></tr><tr><td>Federal land banks: 13/</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>93</td><td>3</td><td>*</td><td>2</td><td>-</td><td>16</td></tr><tr><td>2-1/2 November 1954 (Bonds)............ (taxable)</td><td>71</td><td>48</td><td>2</td><td>*</td><td>4</td><td>-</td><td>16</td></tr><tr><td>2-1/2 November 1954 (Bonds)............ (taxable)</td><td>101</td><td>52</td><td>6</td><td>*</td><td>4</td><td>-</td><td>38</td></tr><tr><td>1-3/4 October 1955-57 (Bonds)......... (taxable)</td><td>215</td><td>181</td><td>1</td><td>*</td><td>5</td><td>-</td><td>27</td></tr><tr><td>2-5/8 May 1956 (Bonds)............ (taxable)</td><td>229</td><td>155</td><td>12</td><td>1</td><td>10</td><td>-</td><td>51</td></tr><tr><td>2-3/4 May 1958 (Bonds)............ (taxable)</td><td>145</td><td>74</td><td>12</td><td>1</td><td>4</td><td>-</td><td>55</td></tr><tr><td>Total Federal land bank securities.</td><td>875</td><td>603</td><td>36</td><td>3</td><td>30</td><td>-</td><td>203</td></tr></table>
1/ Excludes trust departments.
2/ Includes trust companies and, beginning with figures for July 1949, also includes stock savings banks. Formerly these banks were shown as a separate classification, but they are no longer so reported.
3/ Includes those banks and insurance companies not reporting in the Treasury Survey.
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 for use in this statement.
5/ Holdings by reporting agencies not available.
6/ Excludes guaranteed securities held by the Treasury.
7/ Issues which commercial banks carry in capacity of no specified dates (where senior exchangeable, 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. "Wholly" tax-exempt securities are those with the income exempt from both normal
tax and surtax. "Partially" tax-exempt securities are those with the income exempt from the normal tax except that in the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any one holder is also exempt from the surtax. "Taxable" securities are those with the income subject to normal tax and surtax.
2/10/ Includes Federal Housing Administration debentures; see footnote 10.
A small indeterminate amount of these debentures is partially tax-exempt.
11/ Includes $128.0 million depositary bonds held by commercial banks not included in the Treasury Survey.
12/ The proprietary interest of the United States in these banks ended in July 1951.
13/ Excludes issues completely held by Farm Credit Administration agencies. The proprietary interest of the United States in these banks ended in June 1947.
* Less than $500,000.
November 1955
35
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1953
Current market quotations shown here are over-the-counter closing bid quotations in the New York market for the last trading day of the month, as reported to the Treasury by the Federal Reserve Bank of New York. The securities listed include all regularly quoted
publicly 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>10/1/53</td><td>7/2/53</td><td>1/4</td><td>-</td><td>$1,501</td><td>11/19/53</td><td>8/20/53</td><td>1.45%</td><td>- .49%</td></tr><tr><td>1,501</td><td>10/8/53</td><td>7/9/53</td><td>1.25%</td><td>-.61%</td><td>1,502</td><td>11/21/53</td><td>8/31/53</td><td>1.46</td><td>-.49</td></tr><tr><td>1,500</td><td>10/15/53</td><td>7/16/53</td><td>1.30</td><td>-.58</td><td>1,500</td><td>12/3/53</td><td>9/3/53</td><td>1.48</td><td>-</td></tr><tr><td>1,501</td><td>10/22/53</td><td>7/23/53</td><td>1.30</td><td>-.60</td><td>1,501</td><td>12/10/53</td><td>9/10/53</td><td>1.50</td><td>-</td></tr><tr><td>1,500</td><td>10/29/53</td><td>7/30/53</td><td>1.35</td><td>-.55</td><td>1,500</td><td>12/21/53</td><td>9/17/53</td><td>1.51</td><td>-</td></tr><tr><td>1,500</td><td>11/5/53</td><td>8/6/53</td><td>1.40</td><td>-.53</td><td>1,500</td><td>12/28/53</td><td>9/24/53</td><td>1.52</td><td>-</td></tr><tr><td>1,501</td><td>11/12/53</td><td>8/13/53</td><td>1.43</td><td>-.50</td><td>1,501</td><td>12/31/53</td><td>10/1/53</td><td>1.52</td><td>-</td></tr></table>
Footnotes at end of Table 4.
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are 32nds)
<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>$8,111</td><td>2-1/4/6 - 2/15/54-a</td><td>2/15/53</td><td>100.09</td><td>+07&amp;</td><td>1.47%</td><td>-.65%</td></tr><tr><td>2,902</td><td>2-1/2/6 - 3/22/54-c 3/</td><td>7/15/53</td><td>100.09&amp;</td><td>+06&amp;</td><td>1.85</td><td>-1.17</td></tr><tr><td>1,853</td><td>2-5/8 - 6/1/54-b</td><td>6/1/53</td><td>100.15</td><td>+07</td><td>1.89</td><td>-37</td></tr><tr><td>2,788</td><td>2-5/8 - 8/15/54-d</td><td>8/15/53</td><td>100.17</td><td>+11&amp;</td><td>1.99</td><td>-.45</td></tr><tr><td>4,706</td><td>2-5/8 - 9/15/54-e</td><td>9/15/53</td><td>100.17</td><td>-</td><td>2.05</td><td>-</td></tr></table>
Footnote at end of Table 4.
Table 3.- Other Taxable Issues
(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 1/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th>High</th><th>Low</th><th>Date</th><th>Date</th></tr><tr><td colspan="9">Treasury notes:</td></tr><tr><td>$10,582</td><td>2-1/8 - 12/1/53-A</td><td>100.07</td><td>+0k</td><td>.78%</td><td>-.95%</td><td>10/1/52</td><td>100.07</td><td>9/30/53</td><td>99.26</td><td>6/1/53</td></tr><tr><td>4,675</td><td>2-3/8 - 3/15/59-A</td><td>99.28</td><td>+06</td><td>1.69</td><td>-.31</td><td>12/15/49</td><td>100.10</td><td>1/10/50</td><td>98.01</td><td>5/9/51</td></tr><tr><td>5,365</td><td>1-1/2 - 3/15/55-A</td><td>99.07</td><td>+09</td><td>2.05</td><td>-.16</td><td>3/15/50</td><td>100.07</td><td>3/10/50</td><td>97.22</td><td>12/26/51</td></tr><tr><td>6,854</td><td>1-3/4 - 12/15/55-B</td><td>99.04</td><td>+11</td><td>2.16</td><td>-.14</td><td>12/15/50</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>98.04</td><td>+12</td><td>2.28</td><td>-.13</td><td>4/1/51</td><td>98.28</td><td>5/26/52</td><td>97.06</td><td>6/16/53</td></tr><tr><td>550</td><td>1-1/2 - 10/1/56-80</td><td>97.22</td><td>+10</td><td>2.30</td><td>-.09</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>2,980</td><td>2-7/8 - 3/15/57-A</td><td>101.15</td><td>-</td><td>2.43</td><td>-</td><td>9/15/53</td><td>101.15</td><td>9/30/53</td><td>100.04</td><td>9/2/53</td></tr><tr><td>531</td><td>1-1/2 - 4/1/57-BA</td><td>97.12</td><td>+24</td><td>2.28</td><td>-.21</td><td>4/1/52</td><td>98.15</td><td>1/17/52</td><td>95.24</td><td>6/5/53</td></tr><tr><td>824</td><td>1-1/2 - 10/1/57-80</td><td>97.04</td><td>+1.04</td><td>2.26</td><td>-.28</td><td>10/1/52</td><td>97.03</td><td>2/19/53</td><td>94.24</td><td>6/2/53</td></tr><tr><td>249</td><td>1-1/2 - 4/1/58-BA</td><td>96.16</td><td>+1.12</td><td>2.32</td><td>-.32</td><td>4/1/53</td><td>96.16</td><td>9/30/53</td><td>93.16</td><td>6/4/53</td></tr><tr><td colspan="9">Treasury bonds - bank eligible:</td></tr><tr><td>510</td><td>2% - 12/15/51-55 5/</td><td>99.20</td><td>+12</td><td>2.17</td><td>-.17</td><td>12/15/11</td><td>104.26</td><td>3/11/46</td><td>98.08</td><td>6/3/53</td></tr><tr><td>5,825</td><td>2 - 6/15/52-54 6/</td><td>100.02</td><td>+05</td><td>1.89</td><td>-.23</td><td>6/26/44</td><td>104.27</td><td>2/18/46</td><td>99.10</td><td>5/29/53</td></tr><tr><td>1,201</td><td>2-1/4 - 6/15/52-55 5/</td><td>100.01</td><td>+09</td><td>2.02</td><td>-.17</td><td>2/25/42</td><td>106.08</td><td>2/19/46</td><td>98.30</td><td>6/1/53</td></tr><tr><td>8,662</td><td>2-1/2 - 6/15/52-54 5/</td><td>99.31</td><td>+12</td><td>2.03</td><td>.1/</td><td>12/1/44</td><td>105.00</td><td>3/11/46</td><td>99.00</td><td>6/2/53</td></tr><tr><td>1,449</td><td>2-1/2 - 3/15/56-59</td><td>100.06</td><td>+1.14</td><td>2.42</td><td>-.37</td><td>6/2/41</td><td>110.22</td><td>2/8/46</td><td>97.10</td><td>6/1/53</td></tr><tr><td>3,822</td><td>2-1/4 - 9/15/56-59</td><td>98.24</td><td>+1.30</td><td>2.48</td><td>-.35</td><td>2/1/44</td><td>107.16</td><td>4/6/46</td><td>95.04</td><td>6/2/53</td></tr><tr><td>927</td><td>2-3/8 - 3/15/57-59</td><td>99.20</td><td>+1.20</td><td>2.45</td><td>-.32</td><td>3/1/52</td><td>101.18</td><td>4/18/52</td><td>96.06</td><td>6/2/53</td></tr><tr><td>4,245</td><td>2-3/8 - 6/15/58</td><td>99.24</td><td>+1.24</td><td>2.43</td><td>-.39</td><td>7/1/52</td><td>100.16</td><td>7/1/52</td><td>96.10</td><td>6/1/53</td></tr><tr><td>620</td><td>2-1/2 - 12/15/58</td><td>100.04</td><td>+1.20</td><td>2.47</td><td>-.34</td><td>2/15/53</td><td>100.07</td><td>2/13/53</td><td>97.04</td><td>6/1/53</td></tr><tr><td>5,278</td><td>2-1/4 - 6/15/59-62</td><td>97.08</td><td>+2.14</td><td>2.60</td><td>-.33</td><td>6/1/45</td><td>104.20</td><td>4/6/46</td><td>92.02</td><td>6/1/53</td></tr><tr><td>3,466</td><td>2-1/4 - 12/15/59-62</td><td>97.08</td><td>+2.16</td><td>2.59</td><td>-.31</td><td>11/15/45</td><td>104.21</td><td>4/6/46</td><td>92.00</td><td>6/1/53</td></tr><tr><td>2,117</td><td>2-1/2 - 6/15/62-67</td><td>97.22</td><td>+3.04</td><td>2.71</td><td>-.28</td><td>2/5/42</td><td>108.12</td><td>4/6/46</td><td>92.00</td><td>6/1/53</td></tr><tr><td>2,827</td><td>2-1/2 - 12/15/63-68</td><td>96.28</td><td>+3.02</td><td>2.75</td><td>-.26</td><td>12/1/42</td><td>108.03</td><td>4/6/46</td><td>91.04</td><td>6/1/53</td></tr><tr><td>3,756</td><td>2-1/2 - 6/15/64-69</td><td>96.14</td><td>+2.24</td><td>2.79</td><td>-.22</td><td>4/15/43</td><td>107.25</td><td>4/6/46</td><td>90.28</td><td>6/1/53</td></tr><tr><td>3,832</td><td>2-1/2 - 12/15/64-69</td><td>96.06</td><td>+2.26</td><td>2.80</td><td>-.22</td><td>9/15/43</td><td>107.24</td><td>4/6/46</td><td>90.20</td><td>6/1/53</td></tr><tr><td>2,716</td><td>2-1/2 - 9/15/67-72 5/</td><td>94.28</td><td>+2.20</td><td>2.95</td><td>-.19</td><td>10/20/41</td><td>109.18</td><td>4/6/46</td><td>89.30</td><td>6/1/53</td></tr><tr><td>1,606</td><td>3-1/4 - 6/15/78-85 2/</td><td>102.10</td><td>+1.30</td><td>3.12</td><td>-.11</td><td>5/1/53</td><td>102.12</td><td>9/28/53</td><td>98.20</td><td>6/1/53</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
36
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1953
Table 3.- Other Taxable Issues - (Continued)
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded b/</th></tr><tr><th>Bid</th><th>Change 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><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td colspan="2">Treasury bonds - bank restricted: 10/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>$4,721</td><td>2-1/2% - 3/15/65-70</td><td>95.26</td><td>+2.18</td><td>2.82%</td><td>-.20%</td><td>2/1/46</td><td>107.23</td><td>4/6/46</td><td>90.18</td><td>6/1/53</td></tr><tr><td>2,963</td><td>2-1/2 - 3/15/66-71 8/</td><td>95.16</td><td>+2.20</td><td>2.83</td><td>-.20</td><td>12/1/44</td><td>107.22</td><td>4/6/46</td><td>90.16</td><td>6/1/53</td></tr><tr><td>1,923</td><td>2-1/2 - 6/15/67-72 8/</td><td>94.28</td><td>+2.08</td><td>2.86</td><td>-.16</td><td>6/1/45</td><td>106.16</td><td>4/6/46</td><td>89.30</td><td>6/1/53</td></tr><tr><td>3,930</td><td>2-1/2 - 12/15/67-72 8/</td><td>94.28</td><td>+2.08</td><td>2.85</td><td>-.16</td><td>11/15/45</td><td>106.16</td><td>4/6/46</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 rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded ¼</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td colspan="2">Treasury bonds - bank eligible:</td><td></td><td></td><td></td><td></td><td></td><td>Price</td><td>Date</td><td>Price</td><td>Date</td></tr><tr><td>$631</td><td>2-1/4% - 6/15/54-56</td><td>100.19</td><td>+0.1</td><td>1.40%</td><td>-1.13%</td><td>7/22/60</td><td>109.29</td><td>3/12/66</td><td>100.10</td><td>5/18/53</td></tr><tr><td>2,611</td><td>2-7/8 - 3/15/55-60</td><td>101.29</td><td>+0.3</td><td>1.34</td><td>-1.14</td><td>3/15/55</td><td>116.02</td><td>1/12/66</td><td>98.30</td><td>9/20/35</td></tr><tr><td>982</td><td>2-3/4 - 9/15/56-59</td><td>103.20</td><td>+0.28</td><td>1.49</td><td>-1.32</td><td>9/15/56</td><td>116.13</td><td>1/15/66</td><td>98.10</td><td>4/1/37</td></tr><tr><td>919</td><td>2-3/4 - 6/15/58-63</td><td>104.26</td><td>+1.02</td><td>1.68</td><td>-2.25</td><td>6/15/58</td><td>117.04</td><td>1/15/66</td><td>99.15</td><td>9/25/39</td></tr><tr><td>1,489</td><td>2-3/4 - 12/15/60-65</td><td>105.28</td><td>+1.08</td><td>1.88</td><td>-1.18</td><td>12/15/58</td><td>119.00</td><td>1/25/66</td><td>99.14</td><td>9/25/39</td></tr></table>
1/ Not quoted on September 30, 1953.
2/ Amount issued on October 1, 1953, was $1,501 million.
3/ Tax Anticipation Series.
4/ 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, 1953, they are closing prices on the New York Stock Exchange. "Minimum issued" prices are included in history beginning October 1, 1953. Dates of highs and low in case of recurrence are the latest dates.
5/ Not called for redemption on December 15, 1953. Callable on four months' notice on June 15, 1954.
6/ Not called for redemption on December 15, 1953. Will mature on June 15, 1954.
7/ 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.
8/ Included in the average of taxable Treasury bonds, due or callable from 12 to 20 years beginning April 15, 1953, as shown under "Average Yields of Long-Term Bonds".
9/ 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".
10/ For definition, see "Debt Outstanding and General Fund", Table 2, footnote 1.
November 1955
37
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1953
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
F-598-A
YIELDS OF TAXABLE TREASURY SECURITIES, SEPT. 30, 1953
Based on Closing Bid Quotations
38
Treasury Bulletin
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/</th><th>Moody's Aaa corporate bonds 3/</th><th>Period</th><th>Taxable Treasury bonds 1/2/</th><th>Moody's Aaa corporate bonds 3/</th><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable - 1/</th><th>Moody's Aaa corporate bonds 3/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>From 12 to 20 years</th><th>20 years and after</th><th></th></tr></table>
<table><tr><th colspan="7">Annual series - calendar year averages of monthly series</th></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></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></tr><tr><td>1944</td><td>2.48</td><td>2.72</td><td>1950</td><td>2.32</td><td>2.62</td><td></td><td></td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1951</td><td>2.57</td><td>2.96</td><td></td><td></td></tr><tr><td>1946</td><td>2.19</td><td>2.53</td><td>1952</td><td>2.58</td><td>2.96</td><td></td><td></td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Monthly series - averages of daily series
<table><tr><td>1949-Jan.........</td><td>2.42</td><td>2.71</td><td>1951-Apr.........</td><td>2.56</td><td>2.07</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>3.40</td></tr><tr><td>Apr.........</td><td>2.38</td><td>2.70</td><td>July.........</td><td>2.63</td><td>2.94</td><td>July.........</td><td>2.99</td><td>3.25</td><td>3.38</td></tr><tr><td>May.........</td><td>2.38</td><td>2.71</td><td>Aug.........</td><td>2.57</td><td>2.88</td><td>Aug.........</td><td>3.00</td><td>3.22</td><td>3.24</td></tr><tr><td>June.........</td><td>2.38</td><td>2.71</td><td>Sept.........</td><td>2.56</td><td>2.94</td><td>Sept.........</td><td>2.97</td><td>3.19</td><td>3.29</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>2.96</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 1/2</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>2.93</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.........</td><td>2.27</td><td>2.58</td><td>June.........</td><td>2.61</td><td>2.94</td><td></td><td></td><td></td><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>2.95</td><td></td><td></td><td></td><td></td></tr><tr><td>July.........</td><td>2.34</td><td>2.69</td><td>Oct.........</td><td>2.74</td><td>3.01</td><td></td><td></td><td></td><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>2.75</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></td><td></td><td></td><td></td></tr><tr><td>Nov.........</td><td>2.38</td><td>2.67</td><td>Feb.........</td><td>2.83</td><td>3.07</td><td></td><td></td><td></td><td></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></td><td></td><td></td><td></td></tr><tr><td>1951-Jan.........</td><td>2.39</td><td>2.66</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.........</td><td>2.40</td><td>2.66</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.........</td><td>2.47</td><td>2.70</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Weekly series - averages of daily series for weeks ending -
<table><tr><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable - 1/3/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable - 1/3/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable - 1/3/</th><th>Moody's Aaa corporate bonds</th></tr><tr><th></th><th>From 12 to 20 years</th><th>20 years and after</th><th>1/3/</th><th></th><th>From 12 to 20 years</th><th>20 years and after</th><th>1/3/</th><th></th><th>From 12 to 20 years</th><th>20 years and after</th><th>1/3/</th></tr><tr><td>1953-Apr. 3 10 17 24</td><td>2.93 2.91 2.96 2.99</td><td>- 3.24 3.24 3.24</td><td>3.18 3.19 3.22 3.29</td><td>1953-June 5 12 19 26</td><td>3.15 3.10 3.10 3.05</td><td>3.30 3.30 3.28 3.28</td><td>3.39 3.41 3.42 3.41</td><td>1953-Aug. 7 14 21 28</td><td>3.00 3.00 3.00 3.01</td><td>3.23 3.22 3.22 3.22</td><td>3.22 3.22 3.24 3.26</td></tr><tr><td>May 1 8 15 22 29</td><td>3.04 3.08 3.08 3.09 3.12</td><td>3.26 3.27 3.26 3.26 3.27</td><td>3.28 3.33 3.35 3.32 3.35</td><td>July 3 10 17 24 31</td><td>3.01 2.99 2.98 2.98 3.01</td><td>3.26 3.25 3.25 3.23 3.24</td><td>3.36 3.31 3.30 3.26 3.24</td><td>Sept. 4 11 18 25 2</td><td>3.02 3.02 3.02 2.92 2.87</td><td>3.23 3.24 3.21 3.15 3.12</td><td>3.29 3.30 3.31 3.30 3.24</td></tr></table>
Daily series - unweighted averages
<table><tr><td>1953-Sept. 1</td><td>3.03</td><td>3.23</td><td>3.28</td><td>1953-Sept. 10</td><td>3.02</td><td>3.24</td><td>3.29</td><td>1953-Sept. 23</td><td>2.90</td><td>3.14</td><td>3.30</td></tr><tr><td>2</td><td>3.02</td><td>3.23</td><td>3.28</td><td>11</td><td>3.02</td><td>3.24</td><td>3.30</td><td>24</td><td>2.92</td><td>3.14</td><td>3.29</td></tr><tr><td>3</td><td>3.02</td><td>3.23</td><td>3.29</td><td>14</td><td>3.02</td><td>3.23</td><td>3.31</td><td>25</td><td>2.93</td><td>3.15</td><td>3.28</td></tr><tr><td>4</td><td>3.02</td><td>3.23</td><td>3.30</td><td>15</td><td>3.02</td><td>3.23</td><td>3.31</td><td>28</td><td>2.88</td><td>3.11</td><td>3.27</td></tr><tr><td>7</td><td>5/</td><td>5/</td><td>5/</td><td>16</td><td>3.00</td><td>3.22</td><td>3.31</td><td>29</td><td>2.88</td><td>3.12</td><td>3.26</td></tr><tr><td>8</td><td>3.02</td><td>3.23</td><td>3.30</td><td>17</td><td>2.96</td><td>3.18</td><td>3.31</td><td>30</td><td>2.89</td><td>3.12</td><td>3.24</td></tr><tr><td>9</td><td>3.02</td><td>3.23</td><td>3.30</td><td>18</td><td>2.96</td><td>3.18</td><td>3.31</td><td>Oot. 1</td><td>2.86</td><td>3.12</td><td>3.23</td></tr><tr><td></td><td></td><td></td><td></td><td>21</td><td>2.92</td><td>3.17</td><td>3.31</td><td>2</td><td>2.86</td><td>3.11</td><td>3.22</td></tr><tr><td></td><td></td><td></td><td></td><td>22</td><td>2.92</td><td>3.16</td><td>3.30</td><td></td><td></td><td></td><td></td></tr></table>
1/ Beginning April 1953, Treasury bond yields are reported to the Treasury by the Federal Reserve Bank of New York, based on closing bid quotations in the over-the-counter market. Yields for prior periods were computed on the basis of the mean of closing bid and ask quotations. For definition of taxable bonds, see footnotes to the "Treasury Survey of Ownership" in this issue of the "Treasury Bulletin".
2/ Prior to April 1953, the single series on long-term taxable Treasury bonds included the following: April 1952 through March 1953, bonds neither due nor callable for 12 years; October 1941 through March 1952, bonds neither due nor callable for 15 years. For a discussion of the
3/ Woody's Investors Service average of Ana corporate bonds. This series superseded the Treasury average of high-grade corporate bonds previously shown in this table, which was discontinued after March 1953.
4/ The long-term taxable Treasury bond average was revised beginning April 1, 1952, see footnote 2. The old average for April 1952 was 2.62 percent.
5/ Market closed.
November 1955
39
AVERAGE YIELDS OF LONG-TERM BONDS
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
Monthly averages of daily figures. See footnote 2 to Table I under "Average Yields of Long-Term Bonds".
Office of the Secretary of the Treasury
F-220-L
Treasury Bulletin
40
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 profits taxes 2/</th><th>Total</th><th>Individual income tax not withheld 3/</th><th>Individual income tax withheld 4/</th><th>Old-age insurance taxes 4/</th><th>Railroad retirement</th><th>Unemployment insurance</th></tr><tr><td>1945</td><td>43,902,002</td><td>+101,664</td><td>43,800,338</td><td>16,027,213</td><td>20,813,994</td><td>8,770,094</td><td>10,264,219</td><td>1,307,931</td><td>284,758</td><td>186,489</td></tr><tr><td>1946</td><td>40,310,333</td><td>+361,589</td><td>40,671,922</td><td>12,553,602</td><td>20,405,364</td><td>8,846,947</td><td>9,857,589</td><td>1,237,985</td><td>284,258</td><td>178,785</td></tr><tr><td>1947</td><td>39,379,409</td><td>+271,136</td><td>39,650,545</td><td>9,676,757</td><td>21,367,662</td><td>9,501,015</td><td>9,842,828</td><td>1,458,934</td><td>379,555</td><td>185,876</td></tr><tr><td>1948</td><td>41,853,409</td><td>+11,051</td><td>41,864,536</td><td>10,174,410</td><td>23,379,123</td><td>9,464,204</td><td>11,533,577</td><td>1,612,721</td><td>560,113</td><td>208,508</td></tr><tr><td>1949</td><td>40,307,209</td><td>+199,834</td><td>40,463,119</td><td>11,553,669</td><td>20,927,935</td><td>7,996,380</td><td>10,055,508</td><td>1,687,151</td><td>568,734</td><td>226,288</td></tr><tr><td>1950</td><td>39,448,601</td><td>+491,482</td><td>39,937,126</td><td>10,894,351</td><td>19,797,883</td><td>7,264,332</td><td>9,888,976</td><td>1,873,401</td><td>548,038</td><td>223,135</td></tr><tr><td>1951</td><td>51,106,095</td><td>+660,409</td><td>50,445,636</td><td>14,387,569</td><td>26,628,788</td><td>9,907,519</td><td>13,089,769</td><td>2,810,750</td><td>579,178</td><td>236,952</td></tr><tr><td>1952</td><td>65,638,894</td><td>+425,502</td><td>65,009,393</td><td>21,466,910</td><td>33,738,370</td><td>11,345,060</td><td>17,969,047</td><td>3,598,026</td><td>620,622</td><td>259,616</td></tr><tr><td>1953</td><td>69,930,659</td><td>+244,145</td><td>69,668,509</td><td>21,594,515</td><td>37,254,519</td><td>11,603,942</td><td>24,750,494</td><td>3,681,969</td><td>628,969</td><td>271,214</td></tr><tr><td>1953-January</td><td>4,972,366</td><td>-405,912</td><td>5,378,278</td><td>501,195</td><td>4,039,683</td><td>2,854,566</td><td>1,144,150</td><td>4,288</td><td>36,679</td></tr><tr><td>February</td><td>6,150,309</td><td>+1,163,697</td><td>7,313,965</td><td>404,452</td><td>6,063,004</td><td>839,012</td><td>4,990,091</td><td>67,158</td><td>166,783</td></tr><tr><td>March</td><td>11,712,444</td><td>+1,437,829</td><td>10,274,615</td><td>6,171,089</td><td>3,125,463</td><td>2,698,047</td><td>327,686</td><td>91,058</td><td>8,672</td></tr><tr><td>April</td><td>3,900,238</td><td>+215,385</td><td>4,115,622</td><td>654,130</td><td>2,582,827</td><td>854,692</td><td>1,666,886</td><td>3,084</td><td>4,885</td></tr><tr><td>May</td><td>9,980,068</td><td>+1,090,318</td><td>6,010,386</td><td>358,933</td><td>4,738,953</td><td>150,948</td><td>4,513,981</td><td>50,885</td><td>17,179</td></tr><tr><td>June</td><td>10,117,195</td><td>+1,457,107</td><td>8,660,088</td><td>5,683,320</td><td>2,063,047</td><td>1,437,420</td><td>727,360</td><td>99,390</td><td>+1,132</td></tr><tr><td>July</td><td>3,332,324</td><td>+420,534</td><td>3,752,858</td><td>650,737</td><td>2,124,615</td><td>324,338</td><td>1,792,397</td><td>3,091</td><td>4,789</td></tr><tr><td>August</td><td>4,965,978</td><td>+880,403</td><td>5,705,981</td><td>326,461</td><td>4,606,713</td><td>91,185</td><td>4,434,183</td><td>67,509</td><td>13,836</td></tr><tr><td>September</td><td>6,199,413</td><td>+1,864,476</td><td>4,334,937</td><td>1,766,879</td><td>2,032,213</td><td>1,631,114</td><td>312,661</td><td>87,694</td><td>744</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Total miscellaneous internal revenue</th><th>Capital stock tax 5/</th><th>Estate and gift taxes</th><th>Liquor taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' and retailers' excise taxes</th><th>Miscellaneous taxes</th></tr><tr><td>1945</td><td>6,959,634</td><td>371,999</td><td>643,055</td><td>2,309,864</td><td>932,145</td><td>65,528</td><td>1,206,616</td><td>1,430,428</td></tr><tr><td>1946</td><td>7,712,956</td><td>352,121</td><td>676,832</td><td>2,826,162</td><td>1,155,519</td><td>87,676</td><td>1,414,717</td><td>1,439,929</td></tr><tr><td>1947</td><td>8,063,894</td><td>1,597</td><td>779,291</td><td>2,178,756</td><td>1,237,768</td><td>79,978</td><td>1,339,621</td><td>1,550,842</td></tr><tr><td>1948</td><td>8,311,003</td><td>1,723</td><td>899,345</td><td>2,259,320</td><td>1,300,280</td><td>79,466</td><td>2,119,157</td><td>1,659,711</td></tr><tr><td>1949</td><td>8,331,515</td><td>6,138</td><td>796,538</td><td>2,210,601</td><td>1,321,875</td><td>72,828</td><td>2,220,744</td><td>1,752,792</td></tr><tr><td>1950</td><td>8,304,892</td><td>266</td><td>706,226</td><td>2,213,196</td><td>1,328,464</td><td>84,648</td><td>2,245,182</td><td>1,720,908</td></tr><tr><td>1951</td><td>9,433,328</td><td>-</td><td>729,730</td><td>2,546,807</td><td>1,330,395</td><td>93,107</td><td>2,840,690</td><td>1,842,598</td></tr><tr><td>1952</td><td>9,804,112</td><td>-</td><td>833,147</td><td>2,549,088</td><td>1,569,162</td><td>84,995</td><td>2,824,809</td><td>1,947,311</td></tr><tr><td>1953</td><td>10,837,375</td><td>-</td><td>891,284</td><td>2,780,925</td><td>1,654,911</td><td>90,319</td><td>3,338,705</td><td>2,061,230</td></tr><tr><td>1953-January</td><td>837,400</td><td>-</td><td>76,922</td><td>187,958</td><td>135,729</td><td>6,237</td><td>282,730</td><td>147,805</td></tr><tr><td>February</td><td>886,509</td><td>-</td><td>64,150</td><td>185,996</td><td>132,569</td><td>10,018</td><td>308,281</td><td>145,215</td></tr><tr><td>March</td><td>978,064</td><td>-</td><td>153,506</td><td>229,090</td><td>143,621</td><td>5,883</td><td>275,969</td><td>169,999</td></tr><tr><td>April</td><td>932,066</td><td>-</td><td>84,374</td><td>230,448</td><td>132,831</td><td>11,751</td><td>291,338</td><td>161,125</td></tr><tr><td>May</td><td>912,879</td><td>-</td><td>62,074</td><td>228,859</td><td>128,962</td><td>5,805</td><td>320,183</td><td>166,997</td></tr><tr><td>June</td><td>913,722</td><td>-</td><td>59,911</td><td>236,958</td><td>136,104</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>82,860</td><td>243,585</td><td>125,260</td><td>11,663</td><td>312,345</td><td>201,803</td></tr><tr><td>August</td><td>852,808</td><td>-</td><td>60,231</td><td>224,681</td><td>115,120</td><td>4,987</td><td>266,510</td><td>151,418</td></tr><tr><td>September</td><td>535,845</td><td>-</td><td>64,142</td><td>266,097</td><td>140,280</td><td>4,982</td><td>4,406</td><td>55,939</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. Detail by type of tax is available only on a collection basis. See also the Daily Treasury Statement basis are compiled from the latest daily reports from Government depositories; they do not coincide with amounts reported by the Internal Revenue Service because of the lag in deposits of collections and because certain taxes are paid directly into the depositories. 1/ Excludes collections for circuit to certain trust accounts for island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 356, approved June 10, 1952, for taxable years ending after that date). 2/ Includes excess profits taxes formerly shown separately as follows: unjust enrichment through 1947 (thereafter these collections are included under "general excise taxes"); excess profits tax for repealing years ending after June 30, 1946); Excess Profits Tax Act of 1940 (Title II of the Second Revenue Act of 1940, which was repealed for
years ending after December 31, 1945". Includes also excess profits taxes on Army and Navy contracts under the Vinson Act as amended (§ 361, 362, 406). Personal income tax on business income of exempt organizations, imposed by the 1953 amendments. Includes also the 1951 and 1952 Monthly and fiscal year 1953 figures include old-age insurance tax on self-employment income, which is levied and collected 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 1952 and 1951 data. "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 are paid into the Treasury in combined amounts beginning January 1951, so that current collections are not separable as to type of tax. The breakdown is estimated for fiscal years beginning 1951, but the estimate for 1953 is not yet available.
5/ Repealed for years ending after June 30, 1949. Beginning July 1950, included under "Miscellaneous taxes".
November 1955
41
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Office of the Secretary of the Treasury
B-165-0
42
Treasury Bulletin
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 3 months of fiscal year</th><th colspan="2">Third month of fiscal year</th></tr><tr><th></th><th>1952</th><th>1953</th><th>1953</th><th>1954</th><th>1953 (September 1952)</th><th>1954 (September 1953)</th></tr><tr><td>Corporation income and profits taxes</td><td>21,466,910</td><td>21,594,515</td><td>3,756,479</td><td>2,744,077</td><td>2,441,771</td><td>1,766,879</td></tr><tr><td colspan="7">Individual income tax and employment taxes:</td></tr><tr><td>Income tax not withheld 3/</td><td>11,545,060</td><td>11,603,942</td><td>2,139,085</td><td>2,046,637</td><td>1,652,593</td><td>1,611,114</td></tr><tr><td>Income tax withheld and old-age insurance 4/</td><td>21,313,072</td><td>28,750,494</td><td>5,782,800</td><td>6,539,241</td><td>231,744</td><td>312,461</td></tr><tr><td>Railroad retirement</td><td>660,682</td><td>628,969</td><td>197,356</td><td>158,294</td><td>84,574</td><td>87,694</td></tr><tr><td>Unemployment insurance</td><td>259,616</td><td>271,214</td><td>19,046</td><td>19,369</td><td>763</td><td>744</td></tr><tr><td>Total individual income tax and employment taxes</td><td>33,738,370</td><td>37,254,619</td><td>8,098,887</td><td>8,763,540</td><td>1,969,674</td><td>2,032,213</td></tr><tr><td colspan="7">Miscellaneous internal revenue:</td></tr><tr><td>Estate tax</td><td>750,591</td><td>784,590</td><td>210,196</td><td>203,325</td><td>58,323</td><td>63,369</td></tr><tr><td>Gift tax</td><td>82,556</td><td>106,694</td><td>2,139</td><td>3,398</td><td>659</td><td>773</td></tr><tr><td colspan="7">Liquor taxes:</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>137,479</td><td>204,794</td><td>41,285</td><td>22,101</td><td>16,545</td><td>20,469</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>1,402,230</td><td>1,636,057</td><td>372,178</td><td>399,054</td><td>142,935</td><td>155,215</td></tr><tr><td>Distilled spirits, rectification tax</td><td>31,932</td><td>32,721</td><td>7,021</td><td>5,203</td><td>2,917</td><td>2,241</td></tr><tr><td>Wine, cordials, etc. (imported, excise)</td><td>3,753</td><td>3,756</td><td>704</td><td>831</td><td>833</td><td>324</td></tr><tr><td>Wine, cordials, etc. (domestic, excise)</td><td>68,621</td><td>76,579</td><td>17,058</td><td>15,882</td><td>7,120</td><td>6,660</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>15,249</td><td>16,272</td><td>11,319</td><td>11,364</td><td>513</td><td>344</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>28</td><td>24</td><td>6</td><td>12</td><td>2</td><td>3</td></tr><tr><td>Case stamps for distilled spirit bottled in bond</td><td>1,285</td><td>1,080</td><td>408</td><td>231</td><td>149</td><td>112</td></tr><tr><td>Container stamps</td><td>12,030</td><td>13,419</td><td>2,811</td><td>3,003</td><td>1,124</td><td>1,118</td></tr><tr><td>Floor taxes</td><td>93,808</td><td>27,956</td><td>27,135</td><td>161</td><td>21,274</td><td>40</td></tr><tr><td>Fermented malt liquors</td><td>727,504</td><td>762,983</td><td>224,701</td><td>282,221</td><td>64,463</td><td>79,208</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>5,148</td><td>5,215</td><td>3,605</td><td>3,544</td><td>215</td><td>152</td></tr><tr><td>Total liquor taxes</td><td>2,549,088</td><td>2,780,925</td><td>708,230</td><td>734,363</td><td>297,502</td><td>266,097</td></tr><tr><td colspan="7">Tobacco taxes:</td></tr><tr><td>Cigars (large)</td><td>44,760</td><td>46,277</td><td>11,577</td><td>11,846</td><td>4,015</td><td>4,359</td></tr><tr><td>Cigars (small)</td><td>50</td><td>49</td><td>12</td><td>11</td><td>4</td><td>3</td></tr><tr><td>Cigarettes (large)</td><td>12</td><td>7</td><td>2</td><td>2</td><td>1</td><td>1</td></tr><tr><td>Cigarettes (small)</td><td>1,474,060</td><td>1,586,775</td><td>419,334</td><td>339,379</td><td>141,100</td><td>134,006</td></tr><tr><td>Snuff</td><td>22,917</td><td>3,021</td><td>4,522</td><td>4,282</td><td>1,623</td><td>1,530</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>913</td><td>717</td><td>172</td><td>213</td><td>10</td><td>59</td></tr><tr><td>Cigarette papers and tubes</td><td>2</td><td>1</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>17,752</td><td>19</td><td>11</td><td>1</td><td>4</td><td>4</td></tr><tr><td>Cigarette and cigar floor taxes</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>1,565,162</td><td>1,654,911</td><td>436,501</td><td>410,660</td><td>147,064</td><td>140,280</td></tr><tr><td colspan="7">Stamp taxes:</td></tr><tr><td>Bonds, issues and transfers of capital stock, deeds of conveyance, etc.</td><td>77,296</td><td>82,640</td><td>21,216</td><td>19,839</td><td>9,925</td><td>4,388</td></tr><tr><td>Playing cards</td><td>7,353</td><td>7,582</td><td>1,765</td><td>1,643</td><td>746</td><td>652</td></tr><tr><td>Silver bullion sales or transfers</td><td>66</td><td>97</td><td>17</td><td>9</td><td>4</td><td>1</td></tr><tr><td>Total stamp taxes</td><td>84,995</td><td>90,319</td><td>22,998</td><td>21,492</td><td>10,676</td><td>4,982</td></tr><tr><td colspan="7">Manufacturers' excise taxes:</td></tr><tr><td>Lubricating oils</td><td>95,286</td><td>73,321</td><td>19,294</td><td>12,240</td><td>6,136</td><td>39</td></tr><tr><td>Gasoline</td><td>113,178</td><td>890,679</td><td>281,204</td><td>159,137</td><td>84,698</td><td>296</td></tr><tr><td>Trucks and buses</td><td>161,328</td><td>130,637</td><td>40,017</td><td>38,408</td><td>13,320</td><td>27</td></tr><tr><td>Automobile trucks and buses</td><td>147,445</td><td>230,032</td><td>50,381</td><td>29,997</td><td>5,391</td><td>31</td></tr><tr><td>Other automobiles and motorcycles</td><td>578,149</td><td>795,716</td><td>132,253</td><td>176,551</td><td>29,228</td><td>31</td></tr><tr><td>Parts and accessories for automobiles</td><td>164,135</td><td>177,924</td><td>42,106</td><td>25,166</td><td>12,434</td><td>310</td></tr><tr><td>Electrical energy 5/</td><td>53,094</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric, gas, and oil appliances</td><td>89,524</td><td>113,320</td><td>23,634</td><td>15,879</td><td>6,727</td><td>78</td></tr><tr><td>Electric light bulbs and tubes</td><td>30,736</td><td>36,634</td><td>5,608</td><td>5,585</td><td>3,430</td><td>1</td></tr><tr><td>Radio sets, phonographs, television sets, components, etc.</td><td>118,244</td><td>159,383</td><td>22,729</td><td>17,765</td><td>1,833</td><td>622</td></tr><tr><td>Photograph records</td><td>6,880</td><td>7,617</td><td>1,734</td><td>1,068</td><td>961</td><td>14</td></tr><tr><td>Musical instruments</td><td>9,412</td><td>11,048</td><td>2,091</td><td>1,269</td><td>522</td><td>26</td></tr><tr><td>Mechanical refrigerators, air-conditioners, quick-freeze units, etc.</td><td>57,970</td><td>87,424</td><td>22,201</td><td>17,637</td><td>6,175</td><td>61</td></tr><tr><td>Matelases and store machines</td><td>8,032</td><td>8,950</td><td>2,012</td><td>1,838</td><td>664</td><td>2</td></tr><tr><td>Business and store machines</td><td>43,515</td><td>50,259</td><td>12,634</td><td>8,856</td><td>3,927</td><td>64</td></tr><tr><td>Photographic apparatus</td><td>33,766</td><td>29,401</td><td>8,089</td><td>5,555</td><td>2,877</td><td>63</td></tr><tr><td>Sporting goods</td><td>16,501</td><td>15,985</td><td>4,184</td><td>3,011</td><td>1,615</td><td>20</td></tr><tr><td>Firearms, shells, and cartridges</td><td>10,679</td><td>12,148</td><td>3,435</td><td>2,488</td><td>1,525</td><td>19</td></tr><tr><td>Pistols and revolvers</td><td>1,172</td><td>933</td><td>291</td><td>177</td><td>115</td><td>10</td></tr><tr><td>Mechanical pencils, pens, and lighters 6/</td><td>4,880</td><td>11,933</td><td>2,097</td><td>1,320</td><td>753</td><td>10</td></tr><tr><td>Total manufacturers' excise taxes</td><td>2,343,943</td><td>2,866,738</td><td>639,936</td><td>518,995</td><td>191,169</td><td>1,715</td></tr></table>
Footnotee at end of table.
(Continued on following page)
November 1955
43
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="2">Fiscal year</th><th colspan="2">First 3 months of fiscal year</th><th colspan="2">Third month of fiscal year</th></tr><tr><th></th><th>1952</th><th>1953</th><th>1953</th><th>1954</th><th>1953 (September 1952)</th><th>1954 (September 1953)</th></tr><tr><td>Miscellaneous internal revenue - (Continued):</td><td></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><td></td></tr><tr><td>Furs</td><td>51,436</td><td>49,891</td><td>5,286</td><td>2,680</td><td>2,388</td><td>142</td></tr><tr><td>Jewelry</td><td>280,339</td><td>234,614</td><td>50,973</td><td>32,633</td><td>15,164</td><td>1,863</td></tr><tr><td>Luggage</td><td>90,799</td><td>95,746</td><td>23,662</td><td>12,632</td><td>5,955</td><td>316</td></tr><tr><td>Toilet preparations</td><td>112,892</td><td>115,967</td><td>86,730</td><td>16,330</td><td>8,563</td><td>370</td></tr><tr><td>Total retailers' excise taxes</td><td>475,466</td><td>495,917</td><td>104,090</td><td>64,264</td><td>32,171</td><td>2,691</td></tr><tr><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sugar Act of 1937</td><td>78,473</td><td>78,161</td><td>21,410</td><td>12,863</td><td>7,834</td><td>333</td></tr><tr><td>Telephone, telegraph, radio, and cable facilities</td><td>395,434</td><td>417,568</td><td>105,146</td><td>100,006</td><td>30,929</td><td>24,456</td></tr><tr><td>Local telephone service</td><td>310,337</td><td>357,981</td><td>85,556</td><td>86,371</td><td>28,386</td><td>17,204</td></tr><tr><td>Transportation of oil by pipe line</td><td>26,881</td><td>28,378</td><td>10,152</td><td>3,392</td><td>2,630</td><td>3</td></tr><tr><td>Transportation of persons, etc.</td><td>273,174</td><td>287,405</td><td>78,757</td><td>52,957</td><td>28,627</td><td>2,127</td></tr><tr><td>Transportation of property</td><td>388,589</td><td>419,518</td><td>96,749</td><td>68,621</td><td>31,494</td><td>4,018</td></tr><tr><td>Leases of safe-deposit boxes</td><td>10,211</td><td>10,814</td><td>3,259</td><td>1,069</td><td>811</td><td>1</td></tr><tr><td>Admissions to theaters, concerts, etc.</td><td>330,817</td><td>312,831</td><td>92,459</td><td>48,377</td><td>32,450</td><td>4,572</td></tr><tr><td>Admissions to cabarets, roof gardens, etc.</td><td>45,489</td><td>46,691</td><td>12,037</td><td>6,935</td><td>3,979</td><td>677</td></tr><tr><td>Club dues and initiation fees</td><td>33,592</td><td>36,889</td><td>9,396</td><td>5,101</td><td>2,603</td><td>100</td></tr><tr><td>Bowling alleys, pool tables, etc.</td><td>3,597</td><td>3,411</td><td>2,540</td><td>2,327</td><td>483</td><td>297</td></tr><tr><td>Coin operated devices</td><td>16,823</td><td>16,505</td><td>13,341</td><td>11,943</td><td>726</td><td>671</td></tr><tr><td>Alutreated and processed or reworked butter, and filled cheeses</td><td>4</td><td>6</td><td>1</td><td>1</td><td>*</td><td>*</td></tr><tr><td>Narcotics, including marijuana and special taxes</td><td>915</td><td>929</td><td>272</td><td>288</td><td>63</td><td>59</td></tr><tr><td>Cocoon and other vegetable oils processed</td><td>15,205</td><td>17,957</td><td>4,171</td><td>2,907</td><td>1,037</td><td>*</td></tr><tr><td>National Firearms Act</td><td>89</td><td>7</td><td>5</td><td>5</td><td>1</td><td>1</td></tr><tr><td>Diezel oil 1/2</td><td>7,138</td><td>15,092</td><td>3,699</td><td>2,641</td><td>1,087</td><td>119</td></tr><tr><td>Wagering taxes 6/1</td><td>5,345</td><td>10,502</td><td>3,052</td><td>3,015</td><td>934</td><td>943</td></tr><tr><td>All other, including repealed taxes not shown separately</td><td>1,261</td><td>647</td><td>530</td><td>336</td><td>127</td><td>254</td></tr><tr><td>Total miscellaneous taxes</td><td>1,947,311</td><td>2,061,230</td><td>539,333</td><td>409,161</td><td>169,371</td><td>55,939</td></tr><tr><td>Total miscellaneous internal revenue</td><td>9,804,112</td><td>10,837,375</td><td>2,663,633</td><td>2,366,159</td><td>866,335</td><td>535,845</td></tr><tr><td>Total internal revenue collections</td><td>65,009,393</td><td>69,686,509</td><td>14,519,000</td><td>13,873,776</td><td>5,276,380</td><td>4,334,937</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>465,502</td><td>484,145</td><td>413,183</td><td>4623,539</td><td>41,432,218</td><td>41,864,476</td></tr><tr><td>Total receipts from internal revenue (Daily Treasury Statement)</td><td>65,634,894</td><td>69,930,655</td><td>14,532,182</td><td>14,497,315</td><td>6,710,598</td><td>6,199,413</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. Detail by type of tax is available only on a collection basis. Reports on the Federal Treasury investment basis are prepared from the latest daily reports from Government depositories; they do not coincide with amounts reported by the Internal Revenue Service because of the lag in deposits of collections and because certain taxes are paid directly into the depositories.
1/ Excludes collections for cities to certain trust accounts for island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 36C, approved June 10, 1952, for taxable years ending after that date).
2/ Includes excess profits tax on Army and Navy contracts, lapsed by the Vinson Act as amended (34 U.S.C. 496), and income tax on business income of exempt organizations, 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 Amendments of 1950 (Public Law 734), approved August 28, 1950. The tax is levied and collected as part of the individual income tax beginning with the taxable year 1951. For estimated fiscal year breakdown, see Table 1. Beginning January 1951, withheld income tax and social security employment taxes on employers and employees are paid into the Treasury in combined amounts without separation as to type of tax, pursuant to the Social Security Act Amendments of 1950. For estimated fiscal year breakdown, see Table 1. Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Miscellaneous tax." 6/ Effective November 1, 1951, under Revenue Act of 1951. Applies to diesel oil used in highway vehicles; effective November 1, 1951, under Revenue Act of 1951. * Less than $500.
44
Treasury Bulletin
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 $/</th><th colspan="7">Paper money</th></tr><tr><th></th><th></th><th>Total paper money</th><th>Gold certificate $/</th><th>Silver certificate</th><th>Treasury notes of 1890 $/</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes $/</th><th>National bank notes $/</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>464</td><td>114</td></tr><tr><td>1947</td><td>28,297</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>27,903</td><td>26,482</td><td>45</td><td>2,061</td><td>1</td><td>321</td><td>23,500</td><td>353</td><td>99</td></tr><tr><td>1949</td><td>27,493</td><td>26,034</td><td>43</td><td>2,061</td><td>1</td><td>319</td><td>23,209</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>27,809</td><td>26,231</td><td>39</td><td>2,092</td><td>1</td><td>318</td><td>23,456</td><td>243</td><td>81</td></tr><tr><td>1952</td><td>29,086</td><td>27,343</td><td>38</td><td>2,088</td><td>1</td><td>318</td><td>24,609</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>314</td><td>25,941</td><td>210</td><td>75</td></tr><tr><td>1953-January</td><td>29,691</td><td>27,970</td><td>37</td><td>2,006</td><td>1</td><td>305</td><td>25,337</td><td>208</td><td>75</td></tr><tr><td>February</td><td>29,793</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>29,754</td><td>28,017</td><td>37</td><td>2,065</td><td>1</td><td>314</td><td>25,321</td><td>205</td><td>74</td></tr><tr><td>April</td><td>29,843</td><td>28,095</td><td>37</td><td>2,089</td><td>1</td><td>314</td><td>25,376</td><td>204</td><td>74</td></tr><tr><td>May</td><td>29,951</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>25,609</td><td>200</td><td>73</td></tr><tr><td>July</td><td>30,120</td><td>28,351</td><td>36</td><td>2,107</td><td>1</td><td>317</td><td>25,618</td><td>198</td><td>73</td></tr><tr><td>August</td><td>30,248</td><td>28,479</td><td>36</td><td>2,106</td><td>1</td><td>319</td><td>25,738</td><td>197</td><td>73</td></tr><tr><td>September P</td><td>30,270</td><td>28,480</td><td>36</td><td>2,100</td><td>1</td><td>316</td><td>27,759</td><td>195</td><td>72</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) 5/</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>1,300</td><td>140</td><td>843</td><td>317</td><td>129.76</td></tr><tr><td>1947.....................</td><td>1,355</td><td>118</td><td>876</td><td>331</td><td>126.33</td></tr><tr><td>1948.....................</td><td>1,421</td><td>156</td><td>919</td><td>346</td><td>120.31</td></tr><tr><td>1949.....................</td><td>1,459</td><td>164</td><td>940</td><td>355</td><td>118.33</td></tr><tr><td>1950.....................</td><td>1,496</td><td>170</td><td>965</td><td>361</td><td>119.03</td></tr><tr><td>1951.....................</td><td>1,578</td><td>180</td><td>1,020</td><td>378</td><td>120.17</td></tr><tr><td>1952.....................</td><td>1,578</td><td>191</td><td>1,093</td><td>393</td><td>128.90</td></tr><tr><td>1953.....................</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>128.64</td></tr><tr><td>1952-December............</td><td>1,750</td><td>199</td><td>1,141</td><td>410</td><td>129.07</td></tr><tr><td>1953-January.............</td><td>1,721</td><td>198</td><td>1,116</td><td>406</td><td>127.14</td></tr><tr><td>February..................</td><td>1,725</td><td>199</td><td>1,120</td><td>406</td><td>127.56</td></tr><tr><td>March.....................</td><td>1,737</td><td>199</td><td>1,130</td><td>407</td><td>127.05</td></tr><tr><td>April.....................</td><td>1,747</td><td>200</td><td>1,138</td><td>409</td><td>127.38</td></tr><tr><td>May.......................</td><td>1,755</td><td>201</td><td>1,144</td><td>410</td><td>127.81</td></tr><tr><td>June......................</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>128.64</td></tr><tr><td>July......................</td><td>1,769</td><td>204</td><td>1,151</td><td>414</td><td>128.30</td></tr><tr><td>August....................</td><td>1,778</td><td>205</td><td>1,156</td><td>416</td><td>128.77</td></tr><tr><td>September P..............</td><td>1,791</td><td>207</td><td>1,165</td><td>419</td><td>128.60</td></tr></table>
Source: Circulation Statement of United States Money.
1/ Exclude 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 limite of the United States. Include paper currency held outside the continental limite 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 r Preliminary.
Revised.
November 1955
45
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 ($35 per fine ounce)</th><th>Silver ($1.29+ 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>3,508.4</td><td>14.3</td></tr><tr><td>1947</td><td>21,266.5</td><td>3,525.7</td><td>14.2</td></tr><tr><td>1948</td><td>23,532.5</td><td>3,571.0</td><td>13.8</td></tr><tr><td>1949</td><td>24,466.3</td><td>3,513.3</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>3,768.5</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>22,561.8</td><td>3,809.6</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</td><td>22,277.3</td><td>3,815.3</td><td>14.6</td></tr><tr><td>August</td><td>22,178.4</td><td>3,820.8</td><td>14.7</td></tr><tr><td>September p</td><td>22,128.1</td><td>3,826.0</td><td>14.7</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.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Cold assest</th><th colspan="4">Liabilities</th></tr><tr><th></th><th></th><th>Cold certificates 1/</th><th>Cold reserve against U. S. notes, etc. 2/</th><th>Exchange Stabilization Fund 3/</th><th>Cold in general fund</th></tr><tr><td>1946</td><td>20,529.0</td><td>18,130.5</td><td>156.0</td><td>1,300.0</td><td>142.4</td></tr><tr><td>1947</td><td>22,733.9</td><td>21,544.0</td><td>156.0</td><td>-</td><td>1,053.9</td></tr><tr><td>1948</td><td>24,233.9</td><td>23,010.0</td><td>156.0</td><td>-</td><td>1,077.9</td></tr><tr><td>1949</td><td>24,427.1</td><td>23,217.9</td><td>156.0</td><td>-</td><td>1,052.2</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>22,695.5</td><td>21,506.5</td><td>156.0</td><td>-</td><td>1,032.9</td></tr><tr><td>1952</td><td>23,187.1</td><td>22,022.8</td><td>156.0</td><td>-</td><td>1,008.2</td></tr><tr><td>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>22,562.7</td><td>21,404.0</td><td>156.0</td><td>-</td><td>1,002.6</td></tr><tr><td>April</td><td>22,561.8</td><td>21,419.9</td><td>156.0</td><td>-</td><td>985.9</td></tr><tr><td>May</td><td>22,536.8</td><td>21,322.7</td><td>156.0</td><td>-</td><td>988.0</td></tr><tr><td>June</td><td>22,462.8</td><td>21,328.0</td><td>156.0</td><td>-</td><td>983.9</td></tr><tr><td>July</td><td>22,277.3</td><td>21,121.8</td><td>156.0</td><td>-</td><td>999.4</td></tr><tr><td>August</td><td>22,176.4</td><td>21,029.1</td><td>156.0</td><td>-</td><td>993.3</td></tr><tr><td>September p.</td><td>22,128.1</td><td>20,969.7</td><td>156.0</td><td>-</td><td>1,002.3</td></tr></table>
Source: Circulation Statement of U. S. Money; Daily Treasury Statement for preliminary figures. 1/ Comprises (1) gold certificate held by the public and in Federal Reserve Banks; and (2) gold certificate credite in (e) 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 1899. 3/ Exclude gold in active portion of Exchange Stabilization Fund. p Preliminary.
46
Treasury Bulletin
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 $1.25 per fine ounce</th></tr><tr><th></th><th>Silver bullion 2/</th><th>Silver dollars</th><th>Subsidiary coin 3/</th><th>Bullion for recoinage 4/</th><th>Bullion at cost 2/</th><th>Silver dollars 1/</th><th>Subsidiary coin 3/</th><th></th></tr><tr><td>1946</td><td>1,911.2</td><td>343.4</td><td>14.0</td><td>-</td><td>95.1</td><td>150.1</td><td>201.1</td><td>3,514.2</td></tr><tr><td>1947</td><td>1,937.6</td><td>337.2</td><td>33.1</td><td>-</td><td>91.1</td><td>156.3</td><td>98.7</td><td>3,947.9</td></tr><tr><td>1948</td><td>1,971.5</td><td>328.1</td><td>5.9</td><td>-</td><td>89.3</td><td>165.0</td><td>971.5</td><td>3,976.7</td></tr><tr><td>1949</td><td>2,003.2</td><td>321.0</td><td>11.4</td><td>-</td><td>94.4</td><td>171.0</td><td>982.6</td><td>3,643.1</td></tr><tr><td>1950</td><td>2,040.7</td><td>322.8</td><td>3.6</td><td>-</td><td>95.1</td><td>179.8</td><td>1,022.2</td><td>3,657.1</td></tr><tr><td>1951</td><td>2,073.5</td><td>301.0</td><td>1.7</td><td>-</td><td>80.0</td><td>191.3</td><td>1,083.1</td><td>3,741.3</td></tr><tr><td>1952</td><td>2,109.7</td><td>289.3</td><td>3.9</td><td>.2</td><td>45.3</td><td>202.2</td><td>1,158.1</td><td>3,754.1</td></tr><tr><td>1953-January</td><td>2,113.3</td><td>289.1</td><td>3.9</td><td>*</td><td>41.9</td><td>202.6</td><td>1,159.6</td><td>3,737.7</td></tr><tr><td>February</td><td>2,115.3</td><td>288.9</td><td>10.0</td><td></td><td>41.3</td><td>202.0</td><td>1,159.8</td><td>3,801.0</td></tr><tr><td>March</td><td>2,116.3</td><td>288.7</td><td>12.6</td><td></td><td>39.1</td><td>202.9</td><td>1,161.5</td><td>3,804.7</td></tr><tr><td>April</td><td>2,120.8</td><td>288.2</td><td>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>287.5</td><td>18.0</td><td>-</td><td>35.1</td><td>204.1</td><td>1,170.5</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>3,814.3</td></tr><tr><td>July</td><td>2,128.0</td><td>284.6</td><td>13.3</td><td>-</td><td>33.9</td><td>207.0</td><td>1,184.3</td><td>3,818.3</td></tr><tr><td>August</td><td>2,130.3</td><td>283.1</td><td>16.9</td><td>-</td><td>31.8</td><td>208.4</td><td>1,187.3</td><td>3,820.8</td></tr><tr><td>September p.</td><td>2,132.7</td><td>281.7</td><td>12.0</td><td>-</td><td>32.1</td><td>209.8</td><td>1,194.6</td><td>3,826.0</td></tr></table>
Source: Circulation Statement of U. S. Money; Daily Treasury Statement for certain preliminary figures.
1/ Valued at $1.24 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;
3/ Valued at $1.38+ per fine ounce.
4/ 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.
p 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="4">Silver acquisitions by mints and assay offices</th></tr><tr><th></th><th>Ounces</th><th colspan="2">Newly mined domestic silver 2/</th><th colspan="2">Foreign silver 1/</th></tr><tr><th></th><th></th><th>Ouncee</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>1945</td><td>29.0</td><td>4.9</td><td>4.6</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 1/</td><td>27.3 1/</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>42.3</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>39.8</td><td>41.2</td><td>37.3</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><tr><td>July</td><td>2.5</td><td>3.1</td><td>2.6</td><td>-</td><td>-</td></tr><tr><td>August</td><td>2.7</td><td>2.0</td><td>1.8</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.
1/ 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.
2/ Acquired at 71.11 cents per fine ounce from July 1, 1939 to July 2, 1946.
3/ No foreign silver has been purchased under the Silver Purchase Act of 1934 since May 1942.
4/ Includes 0.2 million ounces valued at 71.11 cents per fine ounce totaling $0.2 million, and 30.1 million ounces valued at 90.5 cents per fine ounce totaling $27.2 million.
November 1955
47
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 (Act July 6, 1939, and July 31, 1946)</th><th>Silver Purchase Act of June 19, 1934</th><th>Re-nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th>Potential seigniorage on silver bullion at cost in general fund 2/</th></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>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>497.7</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>709.6</td><td>950.6</td></tr><tr><td>1940</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.7</td><td>759.4</td><td>1,055.8</td></tr><tr><td>1941</td><td>182.1</td><td>48.7</td><td>87.6</td><td>48.3</td><td>580.4</td><td>34.7</td><td>799.7</td><td>1,089.0</td></tr><tr><td>1942</td><td>245.7</td><td>48.7</td><td>87.6</td><td>63.6</td><td>584.3</td><td>34.7</td><td>818.9</td><td>1,048.2</td></tr><tr><td>1943</td><td>299.6</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>820.6</td><td>967.3</td></tr><tr><td>1944</td><td>362.3</td><td>48.7</td><td>87.6</td><td>65.4</td><td>584.3</td><td>34.7</td><td>820.7</td><td>717.3</td></tr><tr><td>1945</td><td>429.5</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>520.5</td><td>48.7</td><td>87.6</td><td>74.5</td><td>832.1</td><td>34.7</td><td>1,077.6</td><td>116.8</td></tr><tr><td>1948</td><td>559.2</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>1,119.2</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>57.2</td></tr><tr><td>1953</td><td>596.5</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>January</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>February</td><td>700.6</td><td>48.7</td><td>87.6</td><td>128.0</td><td>833.6</td><td>34.7</td><td>1,132.6</td><td>55.5</td></tr><tr><td>March</td><td>707.6</td><td>48.7</td><td>87.6</td><td>128.8</td><td>833.6</td><td>34.7</td><td>1,133.4</td><td>53.9</td></tr><tr><td>April</td><td>713.0</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>May</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>June</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><tr><td>July</td><td>724.9</td><td>48.7</td><td>87.6</td><td>131.6</td><td>833.6</td><td>34.7</td><td>1,136.2</td><td>42.2</td></tr><tr><td>August</td><td>728.4</td><td>48.7</td><td>87.6</td><td>132.3</td><td>833.6</td><td>34.7</td><td>1,136.9</td><td>41.2</td></tr><tr><td>September</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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
Table 7.- Increment Resulting from the Reduction in the Weight of the Gold Dollar, September 30, 1953
<table><tr><th></th><th>Allocations of increment</th><th>Charges against increment</th><th>Unexpended balance of increment</th></tr><tr><td>Exchange Stabilization Fund</td><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td><td>-</td></tr><tr><td>Payments to Federal Reserve Banks for industrial loans</td><td>139,299,596.99</td><td>27,546,310.97</td><td>$111,753,286.02</td></tr><tr><td>Philippine currency reserve</td><td>23,862,750.78</td><td>-</td><td>23,862,750.78</td></tr><tr><td>Melting losses on gold coin</td><td>2,175,121.93</td><td>1,855,213.05</td><td>319,908.88</td></tr><tr><td>Retirement of national bank notes</td><td>645,387,965.45</td><td>645,387,965.45</td><td>-</td></tr><tr><td>Unassigned</td><td>8,691,252.27</td><td>-</td><td>8,691,252.27</td></tr><tr><td>Total increment</td><td>2,819,416,647.42</td><td>2,674,789,489.47</td><td>144,627,157.95</td></tr></table>
Source: Office of the Treasurer of the United States
48
Treasury Bulletin
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheet as of June 30, 1952, and June 30, 1953
<table><tr><th>Assets:</th><th>June 30, 1952</th><th>June 30, 1953</th></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the United States, checking account.....</td><td>$7,724,468.15</td><td>$207,364,814.89</td></tr><tr><td>Federal Reserve Bank of New York, special account.....</td><td>34,320,111.84</td><td>27,846,530.97</td></tr><tr><td>Disbursing officers' balances and advance accounts.....</td><td>13,446.37</td><td>3,965.01</td></tr><tr><td>Total cash............................................</td><td>$102,058,026.36</td><td>$235,215,330.87</td></tr><tr><td>Special accounts of Secretary of the Treasury in Federal Reserve Bank of New York:</td><td></td><td></td></tr><tr><td>Special account No. 1, gold............................</td><td>186,170,396.01</td><td>57,971,871.12</td></tr><tr><td>Due from foreign banks (foreign exchange):</td><td></td><td></td></tr><tr><td>Indian rupees.........................................</td><td>2,267,491.94</td><td>61,978.74</td></tr><tr><td>Pakistani rupees.....................................</td><td>984,655.66</td><td>-</td></tr><tr><td>Total due from foreign banks.........................</td><td>3,252,147.60</td><td>61,978.74</td></tr><tr><td>Investments in United States Government securities.....</td><td>20,000,000.00</td><td>20,000,000.00</td></tr><tr><td>Accrued interest receivable..........................</td><td>82,936.11</td><td>82,936.11</td></tr><tr><td>Accounts receivable...................................</td><td>51,575.79</td><td>40.68</td></tr><tr><td>Federal Reserve Bank of New York, clearing account.....</td><td>-</td><td>-</td></tr><tr><td>Total assets............................................</td><td>$111,615,081.87</td><td>$333,332,157.52</td></tr><tr><td>Liabilities and capital:</td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchers payable.....................................</td><td>13,901.18</td><td>11,755.33</td></tr><tr><td>Employees' pay-roll allotment account, United States savings bonds.............................</td><td>1,765.75</td><td>1,151.33</td></tr><tr><td>Due on purchase........................................</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous.........................................</td><td>116,753.99</td><td>123,497.98</td></tr><tr><td>Total accounts payable................................</td><td>132,421.92</td><td>136,404.64</td></tr><tr><td>Reserve for expenses and contingencies (net).........</td><td>9,431,006.26</td><td>456,058.76</td></tr><tr><td>Capital account.........................................</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Debent - Subscription to International Monetary Fund....</td><td>1,800,000,000.00</td><td>1,800,000,000.00</td></tr><tr><td>Net income (See Table 2)................................</td><td>200,000,000.00</td><td>200,000,000.00</td></tr><tr><td>Total liabilities and capital..........................</td><td>102,051,653.69</td><td>112,739,694.12</td></tr><tr><td></td><td>$111,615,081.87</td><td>$313,332,157.52</td></tr></table>
Note: Annual balance sheets for fiscal years 1934 through 1940 appear in the 1940 Annual Report of the Secretary of the Treasury and those for succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with that for December 31, 1938, have been published in the "Treasury Bulletin".
November 1955
49
EXCHANGE STABILIZATION FUND
Table 2. - Income and Expense
<table><tr><th>Classification</th><th>January 31, 1934, through June 30, 1952</th><th>January 31, 1934, through June 30, 1953</th></tr><tr><td><b>Income:</b></td><td></td><td></td></tr><tr><td>Profits on British sterling transactions</td><td>$310,638.09</td><td>$310,638.09</td></tr><tr><td>Profits on French franc transactions</td><td>351,527.60</td><td>351,527.60</td></tr><tr><td>Profits on gold bullion (including profits from handling charges on gold)</td><td>53,883,358.93</td><td>56,452,114.97</td></tr><tr><td>Profits on other gold and exchange transactions</td><td>40,000,000.00</td><td>49,164,525.40</td></tr><tr><td>Profits on silver transactions</td><td>102,735.27</td><td>102,735.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalized)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments</td><td>1,876,790.55</td><td>1,876,790.55</td></tr><tr><td>Interest on investments</td><td>8,198,066.89</td><td>8,698,066.89</td></tr><tr><td>Miscellaneous profits</td><td>861,546.95</td><td>861,546.95</td></tr><tr><td>Interest earned on foreign balances</td><td>2,849,683.19</td><td>2,849,683.19</td></tr><tr><td>Interest earned on Chinese yuan</td><td>1,975,317.07</td><td>1,975,317.07</td></tr><tr><td><b>Total income</b></td><td><b>113,883,026.83</b></td><td><b>126,116,308.27</b></td></tr><tr><td><b>Expenses:</b></td><td></td><td></td></tr><tr><td>Personal services</td><td>8,753,788.26</td><td>10,093,183.99</td></tr><tr><td>Travel</td><td>445,046.91</td><td>500,940.85</td></tr><tr><td>Transportation of things</td><td>671,413.57</td><td>686,263.87</td></tr><tr><td>Communications</td><td>557,523.13</td><td>575,885.04</td></tr><tr><td>Supplies and materials</td><td>99,193.94</td><td>107,177.20</td></tr><tr><td>Other</td><td>1,304,407.33</td><td>1,413,163.20</td></tr><tr><td><b>Total expense</b></td><td><b>11,831,373.14</b></td><td><b>13,376,614.15</b></td></tr><tr><td><b>Net income</b></td><td><b>102,051,653.69</b></td><td><b>112,739,694.12</b></td></tr></table>
50
Treasury Bulletin
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 appeared in the April 1950 issue of the "Treasury Bulletin", pages 50-52. Revised report forms and regulations became effective with
the data for January 1950. Attention is called to the fact that although the grand total figures on the revised reporting 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 1
- 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 colspan="4">Analysis of net capital movement int</th></tr><tr><th></th><th></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>1953-41.</td><td>5,354,071</td><td>3,770,922</td><td>100,870</td><td>626,731</td><td>855,543</td></tr><tr><td>1942.</td><td>626,121</td><td>583,373</td><td>3,513</td><td>46,599</td><td>-7,364</td></tr><tr><td>1943.</td><td>1,286,893</td><td>1,168,058</td><td>13,372</td><td>27,167</td><td>77,696</td></tr><tr><td>1944.</td><td>461,354</td><td>148,594</td><td>8,329</td><td>210,735</td><td>93,496</td></tr><tr><td>1945.</td><td>1,074,379</td><td>1,216,303</td><td>17,794</td><td>-113,105</td><td>-46,617</td></tr><tr><td>1946.</td><td>-793,324</td><td>-733,909</td><td>9,661</td><td>-334,203</td><td>265,127</td></tr><tr><td>1947.</td><td>334,161</td><td>395,524</td><td>-11,318</td><td>-59,055</td><td>39,012</td></tr><tr><td>1948.</td><td>225,417</td><td>531,777</td><td>-19,313</td><td>-192,215</td><td>-94,832</td></tr><tr><td>1949.</td><td>194,458</td><td>90,085</td><td>610</td><td>75,203</td><td>27,600</td></tr><tr><td>1950.</td><td>1,757,610</td><td>950,583</td><td>1,992</td><td>944,430</td><td>-145,387</td></tr><tr><td>1951.</td><td>-380,471</td><td>586,948</td><td>-6,141</td><td>-584,289</td><td>-376,989</td></tr><tr><td>1952.</td><td>1,258,041</td><td>1,163,573</td><td>-1,800</td><td>314,944</td><td>-217,876</td></tr><tr><td>1953-January.</td><td>-14,093</td><td>-32,331</td><td>3,516</td><td>33,899</td><td>-19,177</td></tr><tr><td>February.</td><td>-140,201</td><td>-58,831</td><td>-4,045</td><td>1,447</td><td>-37,572</td></tr><tr><td>March.</td><td>179,636</td><td>197,031</td><td>-1,691</td><td>7,753</td><td>-23,427</td></tr><tr><td>April.</td><td>258,306</td><td>286,304</td><td>-1,236</td><td>590</td><td>-27,952</td></tr><tr><td>May.</td><td>134,662</td><td>110,931</td><td>-235</td><td>6,175</td><td>67,791</td></tr><tr><td>June.</td><td>70,798</td><td>-982</td><td>-578</td><td>20,044</td><td>52,314</td></tr><tr><td>July p.</td><td>78,556 r 209,498</td><td>105,574 r 210,415</td><td>1,720 r -3,403</td><td>-32,838 669</td><td>100 1,817</td></tr><tr><td>August p.</td><td></td><td></td><td></td><td></td><td></td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary.
r Revied.
51
November 1955
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 rowspan="2">End of calendar year or month</th><th colspan="4">Short-term claims on foreigners</th><th colspan="4">Short-term liabilities to foreigners</th><th rowspan="2">Net short-term liabilities</th></tr><tr><th>Total</th><th>Payable in foreign currencies</th><th>Loans to foreign banks</th><th>Other</th><th>Total</th><th>Payable in dollars</th><th>Other</th><th>Payable in foreign currencies</th></tr><tr><td>1942</td><td>246,673</td><td>30,916</td><td>72,048</td><td>143,709</td><td>4,205,389</td><td>7,523,328</td><td>668,168</td><td>13,893</td><td>3,958,716</td></tr><tr><td>1943</td><td>257,929</td><td>34,387</td><td>86,378</td><td>137,164</td><td>5,374,903</td><td>4,134,412</td><td>1,222,580</td><td>17,911</td><td>5,116,974</td></tr><tr><td>1944</td><td>329,694</td><td>54,603</td><td>109,421</td><td>169,670</td><td>5,596,775</td><td>4,356,501</td><td>1,218,633</td><td>21,641</td><td>5,267,081</td></tr><tr><td>1945</td><td>392,766</td><td>47,489</td><td>100,267</td><td>245,010</td><td>6,883,068</td><td>4,946,624</td><td>1,910,988</td><td>25,546</td><td>6,490,302</td></tr><tr><td>1946</td><td>703,253</td><td>98,119</td><td>319,339</td><td>289,495</td><td>6,480,262</td><td>4,693,911</td><td>1,745,722</td><td>40,689</td><td>5,772,009</td></tr><tr><td>1947</td><td>948,936</td><td>165,439</td><td>292,866</td><td>490,631</td><td>7,116,419</td><td>4,809,245</td><td>2,297,510</td><td>49,664</td><td>8,167,483</td></tr><tr><td>1948</td><td>1,018,700</td><td>100,371</td><td>361,197</td><td>557,132</td><td>7,727,960</td><td>5,209,820</td><td>2,437,731</td><td>70,389</td><td>6,699,260</td></tr><tr><td>1949</td><td>827,934</td><td>110,304</td><td>222,719</td><td>494,931</td><td>1,611,999</td><td>5,073,586</td><td>2,433,334</td><td>21,039</td><td>6,790,105</td></tr><tr><td>1950</td><td>897,966</td><td>240,583</td><td>151,115</td><td>505,268</td><td>8,644,775 1/</td><td>5,503,872 1/</td><td>3,095,992 1/</td><td>44,911</td><td>7,746,809 1/</td></tr><tr><td>1951</td><td>968,943</td><td>91,308</td><td>177,246</td><td>699,389</td><td>9,302,200</td><td>5,382,062</td><td>3,847,912</td><td>72,266</td><td>8,333,757</td></tr><tr><td>1952</td><td>1,048,722</td><td>78,364</td><td>122,866</td><td>847,492</td><td>10,546,052</td><td>5,831,895</td><td>4,652,786</td><td>61,371</td><td>9,497,330</td></tr><tr><td>1953-January</td><td>1,036,006</td><td>82,672</td><td>115,639</td><td>837,695</td><td>10,501,005</td><td>5,731,107</td><td>4,717,278</td><td>52,620</td><td>9,464,999</td></tr><tr><td>February</td><td>1,034,110</td><td>69,208</td><td>134,711</td><td>830,191</td><td>10,400,278</td><td>5,637,958</td><td>4,709,586</td><td>52,734</td><td>9,366,168</td></tr><tr><td>March</td><td>1,040,605</td><td>71,372</td><td>148,153</td><td>815,080</td><td>10,603,804</td><td>5,750,151</td><td>4,809,879</td><td>43,774</td><td>9,563,199</td></tr><tr><td>April</td><td>1,029,915</td><td>70,494</td><td>134,012</td><td>825,409</td><td>10,879,918</td><td>5,807,766</td><td>5,027,432</td><td>44,720</td><td>9,850,003</td></tr><tr><td>May</td><td>976,818</td><td>75,510</td><td>110,717</td><td>789,591</td><td>10,937,752</td><td>5,841,139</td><td>5,045,476</td><td>51,137</td><td>9,960,934</td></tr><tr><td>June</td><td>947,662</td><td>77,861</td><td>109,758</td><td>760,043</td><td>10,907,614</td><td>5,854,580</td><td>5,000,139</td><td>52,839</td><td>9,959,992</td></tr><tr><td>July p.</td><td>922,515</td><td>75,109</td><td>98,219</td><td>749,187</td><td>10,988,041</td><td>5,891,572</td><td>5,048,584</td><td>47,885</td><td>10,069,366</td></tr><tr><td>August p.</td><td>908,807</td><td>69,728</td><td>95,899</td><td>742,180</td><td>11,128,748</td><td>5,829,375</td><td>5,310,584</td><td>44,789</td><td>10,275,941</td></tr></table>
1/ Beginning 1950, includes certain deposit balances and other assets which are held in specific trust accounts but which previously had been excluded from reported liabilities.
p Preliminary.
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th rowspan="2">Calendar year or month</th><th colspan="3">Short-term claims</th><th colspan="3">Short-term liabilities</th><th rowspan="2">Net movement of short-term banking funds</th></tr><tr><th>Total</th><th>Payable in foreign currencies</th><th>Payable in dollars</th><th>Total</th><th>Payable in dollars</th><th>Payable in foreign currencies</th></tr><tr><td>1935-41</td><td>736,307</td><td>307,187</td><td>6,409</td><td>4,22,711</td><td>3,034,615</td><td>2,806,001</td><td>-37,542</td><td>3,770,922</td></tr><tr><td>1942</td><td>97,503</td><td>15,333</td><td>20,671</td><td>60,899</td><td>485,870</td><td>105,607</td><td>-5,102</td><td>583,373</td></tr><tr><td>1943</td><td>-11,256</td><td>-3,471</td><td>-14,330</td><td>6,545</td><td>1,179,314</td><td>620,384</td><td>4,013</td><td>1,168,053</td></tr><tr><td>1944</td><td>-71,765</td><td>-20,216</td><td>-19,043</td><td>-32,506</td><td>280,359</td><td>220,576</td><td>-3,947</td><td>118,594</td></tr><tr><td>1945</td><td>-63,072</td><td>7,114</td><td>5,154</td><td>-75,340</td><td>1,279,375</td><td>583,205</td><td>3,905</td><td>1,216,303</td></tr><tr><td>1946</td><td>-315,487</td><td>-50,630</td><td>-219,372</td><td>-45,485</td><td>-418,822</td><td>-268,954</td><td>15,083</td><td>-733,909</td></tr><tr><td>1947</td><td>-240,683</td><td>-67,320</td><td>26,773</td><td>-200,136</td><td>636,207</td><td>113,334</td><td>9,035</td><td>395,924</td></tr><tr><td>1948</td><td>-69,764</td><td>65,068</td><td>-68,331</td><td>-66,501</td><td>601,541</td><td>400,575</td><td>20,725</td><td>531,777</td></tr><tr><td>1949</td><td>190,846</td><td>-10,433</td><td>138,478</td><td>62,801</td><td>-100,001</td><td>-136,634</td><td>-19,350</td><td>90,845</td></tr><tr><td>1950</td><td>-76,233</td><td>-129,779</td><td>65,485</td><td>-11,937</td><td>1,066,816</td><td>430,286</td><td>-6,128</td><td>950,583</td></tr><tr><td>1951</td><td>-70,477</td><td>118,775</td><td>-26,131</td><td>-193,121</td><td>657,425</td><td>-121,810</td><td>27,315</td><td>586,948</td></tr><tr><td>1952</td><td>-80,279</td><td>13,444</td><td>54,380</td><td>-148,103</td><td>1,243,892</td><td>449,833</td><td>-10,895</td><td>1,163,573</td></tr><tr><td>1953-January</td><td>12,716</td><td>-4,308</td><td>7,227</td><td>9,797</td><td>-45,047</td><td>-100,788</td><td>-8,751</td><td>-32,331</td></tr><tr><td>February</td><td>1,896</td><td>13,464</td><td>-19,072</td><td>7,504</td><td>-100,727</td><td>-93,149</td><td>114</td><td>-98,831</td></tr><tr><td>March</td><td>-6,495</td><td>-8,164</td><td>-13,442</td><td>15,111</td><td>203,326</td><td>117,193</td><td>-3,960</td><td>197,031</td></tr><tr><td>April</td><td>10,690</td><td>6,878</td><td>14,141</td><td>-10,329</td><td>276,114</td><td>57,615</td><td>946</td><td>286,804</td></tr><tr><td>May</td><td>53,097</td><td>-6,016</td><td>23,295</td><td>35,818</td><td>57,834</td><td>33,373</td><td>6,417</td><td>110,931</td></tr><tr><td>June</td><td>29,156</td><td>-1,351</td><td>959</td><td>29,548</td><td>-30,138</td><td>13,441</td><td>1,702</td><td>-952</td></tr><tr><td>July p.</td><td>25,114</td><td>2,729</td><td>11,539</td><td>10,856</td><td>80,427</td><td>36,992</td><td>-4,954</td><td>105,514</td></tr><tr><td>August p.</td><td>13,708</td><td>5,381</td><td>1,320</td><td>7,007</td><td>196,707</td><td>-62,197</td><td>-3,096</td><td>210,412</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary.
r Revised.
Treasury Bulletin
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>1935-41</td><td>430,245 1/</td><td>841,610 1/</td><td>-411,365 1/</td><td>396,768 1/</td><td>492,420 1/</td><td>-95,652 1/</td><td>9,322,056</td><td>8,695,335</td><td>626,731</td></tr><tr><td>1942</td><td>96,383</td><td>75,488</td><td>20,895</td><td>164,218</td><td>138,514</td><td>25,704</td><td>260,601</td><td>218,002</td><td>46,599</td></tr><tr><td>1943</td><td>151,639</td><td>194,616</td><td>-42,977</td><td>241,299</td><td>170,559</td><td>70,744</td><td>392,938</td><td>365,171</td><td>27,767</td></tr><tr><td>1944</td><td>136,853</td><td>171,432</td><td>-34,579</td><td>513,558</td><td>268,244</td><td>245,314</td><td>650,411</td><td>439,676</td><td>210,735</td></tr><tr><td>1945</td><td>260,223</td><td>357,655</td><td>-97,432</td><td>377,717</td><td>393,390</td><td>-15,673</td><td>637,940</td><td>751,045</td><td>-113,105</td></tr><tr><td>1946</td><td>367,649</td><td>432,109</td><td>-64,460</td><td>414,470</td><td>684,213</td><td>-269,743</td><td>782,119</td><td>1,116,322</td><td>-334,203</td></tr><tr><td>1947</td><td>226,089</td><td>376,674</td><td>-150,585</td><td>344,805</td><td>283,275</td><td>61,530</td><td>570,894</td><td>659,949</td><td>-89,055</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>354,085</td><td>375,303</td><td>-21,218</td><td>430,013</td><td>333,592</td><td>96,421</td><td>784,098</td><td>108,895</td><td>75,203</td></tr><tr><td>1950</td><td>666,941</td><td>664,016</td><td>2,925</td><td>1,344,111</td><td>402,066</td><td>941,505</td><td>2,011,092</td><td>1,066,022</td><td>944,430</td></tr><tr><td>1951</td><td>739,799</td><td>619,457</td><td>120,332</td><td>793,551</td><td>1,498,172</td><td>-704,621</td><td>1,533,340</td><td>2,117,629</td><td>-584,289</td></tr><tr><td>1952</td><td>650,151</td><td>649,197</td><td>994</td><td>733,802</td><td>419,812</td><td>313,990</td><td>1,383,953</td><td>1,069,009</td><td>314,944</td></tr><tr><td>1953-January</td><td>70,565</td><td>58,487</td><td>18,078</td><td>53,848</td><td>38,027</td><td>15,821</td><td>128,413</td><td>90,514</td><td>33,899</td></tr><tr><td>February</td><td>57,939</td><td>45,452</td><td>12,487</td><td>45,847</td><td>56,867</td><td>-11,020</td><td>103,766</td><td>120,319</td><td>1,447</td></tr><tr><td>March</td><td>69,395</td><td>67,274</td><td>2,081</td><td>42,746</td><td>31,104</td><td>5,642</td><td>112,101</td><td>104,378</td><td>7,723</td></tr><tr><td>April</td><td>55,150</td><td>50,861</td><td>-5,711</td><td>59,660</td><td>25,899</td><td>6,401</td><td>84,210</td><td>83,280</td><td>590</td></tr><tr><td>May</td><td>42,508</td><td>49,436</td><td>-6,928</td><td>154,664</td><td>151,561</td><td>13,103</td><td>207,172</td><td>200,997</td><td>6,175</td></tr><tr><td>June</td><td>41,512</td><td>37,418</td><td>4,094</td><td>92,326</td><td>36,376</td><td>15,950</td><td>93,838</td><td>73,794</td><td>20,044</td></tr><tr><td>July p.</td><td>36,578</td><td>32,328</td><td>4,250</td><td>62,114</td><td>99,202</td><td>-37,088</td><td>98,692</td><td>131,530</td><td>-32,838</td></tr><tr><td>August p.</td><td>41,942</td><td>37,722</td><td>3,820</td><td>37,183</td><td>40,334</td><td>-3,151</td><td>78,725</td><td>78,056</td><td>669</td></tr></table>
1/ January 4, 1940, through December 31, 1941; the breakdown between stocks and bonds is not available for earlier years.
p Preliminary.
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">Foreign stocks</th><th colspan="3">Foreign bonds</th><th>Total purchases</th><th>Total sales</th><th>Net purchases of foreign securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1935-41</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>1,008,138</td><td>3,132,640</td><td>855,548</td></tr><tr><td>1942</td><td>23,278</td><td>19,791</td><td>3,487</td><td>446,367</td><td>372,158</td><td>74,209</td><td>220,533</td><td>227,897</td><td>-7,364</td></tr><tr><td>1943</td><td>26,601</td><td>22,078</td><td>4,523</td><td>318,262</td><td>225,289</td><td>88,973</td><td>340,863</td><td>391,949</td><td>77,696</td></tr><tr><td>1945</td><td>31,328</td><td>54,789</td><td>-17,461</td><td>118,113</td><td>347,269</td><td>-29,156</td><td>355,441</td><td>402,058</td><td>-46,617</td></tr><tr><td>1946</td><td>65,247</td><td>65,610</td><td>-363</td><td>755,936</td><td>490,446</td><td>265,490</td><td>821,183</td><td>556,096</td><td>265,127</td></tr><tr><td>1947</td><td>57,118</td><td>42,558</td><td>14,560</td><td>658,741</td><td>634,289</td><td>24,452</td><td>715,859</td><td>676,847</td><td>39,012</td></tr><tr><td>1948</td><td>81,715</td><td>96,744</td><td>-15,029</td><td>211,621</td><td>291,424</td><td>-79,803</td><td>293,336</td><td>388,168</td><td>-94,832</td></tr><tr><td>1949</td><td>83,815</td><td>70,788</td><td>13,027</td><td>321,243</td><td>311,470</td><td>9,773</td><td>410,058</td><td>382,258</td><td>27,800</td></tr><tr><td>1950</td><td>173,783</td><td>198,168</td><td>-24,385</td><td>599,232</td><td>710,232</td><td>-121,007</td><td>763,020</td><td>908,407</td><td>-145,387</td></tr><tr><td>1951</td><td>272,251</td><td>348,666</td><td>-76,415</td><td>900,449</td><td>801,083</td><td>-300,374</td><td>772,700</td><td>1,149,689</td><td>-376,989</td></tr><tr><td>1952</td><td>292,970</td><td>329,622</td><td>-37,732</td><td>495,258</td><td>677,332</td><td>-182,124</td><td>789,128</td><td>1,007,004</td><td>-217,876</td></tr><tr><td>1953-January</td><td>25,372</td><td>26,100</td><td>-728</td><td>33,041</td><td>51,490</td><td>-18,449</td><td>58,413</td><td>77,590</td><td>-19,177</td></tr><tr><td>February</td><td>24,737</td><td>24,298</td><td>439</td><td>29,394</td><td>67,805</td><td>-38,411</td><td>54,131</td><td>92,103</td><td>-37,972</td></tr><tr><td>March</td><td>27,543</td><td>37,634</td><td>-10,096</td><td>29,651</td><td>42,992</td><td>-13,341</td><td>57,199</td><td>80,626</td><td>-23,427</td></tr><tr><td>April</td><td>21,988</td><td>20,831</td><td>1,017</td><td>29,243</td><td>58,212</td><td>-28,969</td><td>51,091</td><td>79,043</td><td>-27,952</td></tr><tr><td>May</td><td>16,986</td><td>41,796</td><td>-24,810</td><td>111,697</td><td>15,966</td><td>95,731</td><td>128,593</td><td>60,762</td><td>67,791</td></tr><tr><td>June</td><td>44,947</td><td>21,905</td><td>23,042</td><td>62,108</td><td>32,836</td><td>29,272</td><td>107,055</td><td>54,741</td><td>52,314</td></tr><tr><td>July</td><td>23,135</td><td>21,273</td><td>1,962</td><td>46,212</td><td>48,074</td><td>-1,862</td><td>69,347</td><td>69,247</td><td>100</td></tr><tr><td>August</td><td>18,592</td><td>18,467</td><td>115</td><td>19,637</td><td>17,935</td><td>1,702</td><td>38,219</td><td>36,402</td><td>1,817</td></tr></table>
n.a. Not available. p Preliminary.
November 1955
53
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table I.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Country</th><th colspan="5">Net capital movement 1953</th><th colspan="5">Short-term banking funds 1953</th></tr><tr><th></th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August 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>3,941</td><td>6,956</td><td>3,640</td><td>11,032</td><td>14,374</td><td>5,900</td><td>6,948</td><td>3,627</td><td>11,057</td><td>14,354</td></tr><tr><td>Belgium</td><td>2,732</td><td>-3,676</td><td>1,455</td><td>2,713r</td><td>8,208</td><td>3,766</td><td>-3,075</td><td>118</td><td>1,765r</td><td>11,375</td></tr><tr><td>Czechoslovakia</td><td>10</td><td>77</td><td>77</td><td>-237</td><td>15</td><td>80</td><td>6</td><td>571</td><td>-146</td><td>4,500</td></tr><tr><td>Denmark</td><td>11,072</td><td>2,165</td><td>2,498</td><td>2,822</td><td>5,683</td><td>9,178</td><td>1,407</td><td>1,909</td><td>336</td><td>-2,768</td></tr><tr><td>Finland</td><td>1,716</td><td>4,049</td><td>3,704</td><td>1,735</td><td>-2,763</td><td>2,713</td><td>4,047</td><td>3,703</td><td>1,728</td><td></td></tr><tr><td>France</td><td>-24,063</td><td>22,088</td><td>50,886</td><td>-17,748r</td><td>28,948</td><td>-26,352</td><td>21,028</td><td>40,457</td><td>30,517r</td><td>28,412</td></tr><tr><td>Germany</td><td>38,145</td><td>18,074</td><td>36,996</td><td>60,525</td><td>30,726</td><td>38,161</td><td>18,047</td><td>37,243</td><td>60,512</td><td>30,947</td></tr><tr><td>Greece</td><td>5,035</td><td>4,551</td><td>4,139</td><td>-1,103</td><td>3,754</td><td>5,036</td><td>4,532</td><td>4,162</td><td>-1,171</td><td>3,732</td></tr><tr><td>Italy</td><td>6,509</td><td>2,127</td><td>-49</td><td>26,011r</td><td>13,213</td><td>6,830</td><td>2,579</td><td>25,030r</td><td>17,834</td><td></td></tr><tr><td>Netherlands</td><td>-3,463</td><td>12,141</td><td>22,078</td><td>-45,572r</td><td>11,775</td><td>1,350</td><td>13,759</td><td>24,052</td><td>-41,171r</td><td>15,057</td></tr><tr><td>Norway</td><td>1,148</td><td>2,810</td><td>-9,995</td><td>491</td><td>1,992</td><td>1,040</td><td>2,339</td><td>-9,980</td><td>-451</td><td>2,038</td></tr><tr><td>Poland</td><td>-307</td><td>173</td><td>-276</td><td>465</td><td>491</td><td>-287</td><td>173</td><td>-279</td><td>461</td><td>489</td></tr><tr><td>Portugal</td><td>388</td><td>2,694</td><td>-483</td><td>5,767</td><td>6,776</td><td>300</td><td>2,568</td><td>-557</td><td>5,737</td><td>7,413</td></tr><tr><td>Romania</td><td>6</td><td>-90</td><td>28</td><td>4</td><td>4</td><td>45</td><td>5</td><td>13</td><td>43</td><td></td></tr><tr><td>Spain</td><td>-977</td><td>5,270</td><td>-3,613</td><td>-6,901</td><td>-3,679</td><td>-1,017</td><td>5,296</td><td>-3,994</td><td>-6,838</td><td>-3,730</td></tr><tr><td>Sweden</td><td>-1,806</td><td>744</td><td>-1,125</td><td>1,034</td><td>6,813</td><td>-1,289</td><td>98</td><td>-1,388</td><td>1,157</td><td>7,140</td></tr><tr><td>Switzerland</td><td>30,932</td><td>-27,280</td><td>27,568</td><td>19,195</td><td>5,579</td><td>25,339</td><td>-32,492</td><td>23,538</td><td>12,412</td><td>817</td></tr><tr><td>U. S. S. R.</td><td>-1,238</td><td>-251</td><td>875</td><td>1,328r</td><td>4,486</td><td>-1,238</td><td>-251</td><td>875</td><td>1,352r</td><td>4,473</td></tr><tr><td>United Kingdom</td><td>102,746</td><td>56,416</td><td>36,891</td><td>-12,383r</td><td>6,715</td><td>98,145</td><td>58,859</td><td>9,716</td><td>-19,332r</td><td>250</td></tr><tr><td>Yugoslavia</td><td>-1,544</td><td>-5</td><td>-3,096</td><td>2,003r</td><td>2,224</td><td>-1,544</td><td></td><td>-3,094</td><td>2,056</td><td>2,222</td></tr><tr><td>Other Europe</td><td>644</td><td>832</td><td>1,167</td><td>5,955r</td><td>-649</td><td>73</td><td>1,378</td><td>1,963</td><td>4,936r</td><td>-1,963</td></tr><tr><td>Total Europe</td><td>173,630</td><td>109,825</td><td>173,253</td><td>55,973r</td><td>149,349</td><td>165,864</td><td>107,394</td><td>140,423</td><td>90,323r</td><td>142,031</td></tr><tr><td>Canada</td><td>-22,650</td><td>-62,687</td><td>-77,210</td><td>9,287r</td><td>6,057</td><td>16,529</td><td>-130,371</td><td>-112,829</td><td>25,995r</td><td>14,358</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>9,150</td><td>-1,517</td><td>3,676</td><td>-2,983</td><td>-5,136</td><td>9,208</td><td>-1,712</td><td>3,685</td><td>-3,265</td><td>-9,033</td></tr><tr><td>Bolivia</td><td>-1,777</td><td>1,724</td><td>-1,016</td><td>-2,224r</td><td>-2,665</td><td>-1,798</td><td>-1,070</td><td>-1,203</td><td>-2,097</td><td>8,629</td></tr><tr><td>Brazil</td><td>-6,210</td><td>94,278</td><td>58,183</td><td>-40,553r</td><td>47,920</td><td>-6,352</td><td>53,799</td><td>56,192</td><td>-41,389r</td><td>47,566</td></tr><tr><td>Chile</td><td>12,372</td><td>4,677</td><td>-3,475</td><td>938</td><td>-4,626</td><td>12,282</td><td>4,641</td><td>-3,514</td><td>899</td><td>-4,814</td></tr><tr><td>Colombia</td><td>-1,640</td><td>-3,888</td><td>-7,990</td><td>12,136</td><td>-4,658</td><td>360</td><td>-4,221</td><td>-8,280</td><td>12,008</td><td>-5,022</td></tr><tr><td>Cuba</td><td>29,039</td><td>22,628</td><td>11,154</td><td>-737</td><td>25,201</td><td>28,848</td><td>21,351</td><td>10,594</td><td>-1,260</td><td>23,491</td></tr><tr><td>Dominican Republic</td><td>1,316</td><td>-200</td><td>-721</td><td>3,607</td><td>-1,194</td><td>1,317</td><td>-183</td><td>-700</td><td>3,723</td><td>-1,300</td></tr><tr><td>Guatemala</td><td>3,237</td><td>-38</td><td>-1,998</td><td>-2,022</td><td>-2,646</td><td>3,285</td><td>-466</td><td>-2,053</td><td>-2,085</td><td>-2,622</td></tr><tr><td>Mexico</td><td>-4,390</td><td>-14,010</td><td>-19,169</td><td>3,731</td><td>-10,619</td><td>-5,250</td><td>-13,936</td><td>-19,437</td><td>3,121</td><td>-10,708</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>-4,108</td><td>1,403</td><td>3,119</td><td>579</td><td>-326</td><td>-4,198</td><td>787</td><td>2,999</td><td>467</td><td>-358</td></tr><tr><td>Peru</td><td>-1,063</td><td>-3,118</td><td>337</td><td>-1,338</td><td>-243</td><td>-1,437</td><td>-2,556</td><td>291</td><td>-1,527</td><td>-555</td></tr><tr><td>Republic of Panama</td><td>-1,623</td><td>4,717</td><td>2,366</td><td>7,042</td><td>4,330</td><td>-1,942</td><td>5,303</td><td>1,361</td><td>6,454</td><td>4,268</td></tr><tr><td>El Salvador</td><td>-1,659</td><td>-1,786</td><td>-4,762</td><td>-1,856</td><td>-3,287</td><td>-2,658</td><td>-1,811</td><td>-4,775</td><td>-1,853</td><td>-3,312</td></tr><tr><td>Uruguay</td><td>1,933</td><td>-1,339</td><td>555</td><td>3,092r</td><td>-946</td><td>2,232</td><td>-1,007</td><td>-703</td><td>3,014r</td><td>-1,278</td></tr><tr><td>Venezuela</td><td>29,014</td><td>39,834</td><td>-29,012</td><td>9,379r</td><td>-453</td><td>28,208</td><td>41,418</td><td>-29,637</td><td>9,284r</td><td>-1,126</td></tr><tr><td>Other Latin America</td><td>70</td><td>3,411</td><td>1,435</td><td>-2,369</td><td>-4,613</td><td>-390</td><td>2,313</td><td>1,346</td><td>-2,723</td><td>-4,749</td></tr><tr><td>Total Latin America</td><td>63,621</td><td>111,836</td><td>12,698</td><td>-13,575r</td><td>47,330</td><td>61,271</td><td>110,790</td><td>6,166</td><td>-17,331r</td><td>42,997</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>1,036</td><td>354</td><td>215</td><td>-434</td><td>-457</td><td>1,029</td><td>89</td><td>246</td><td>-538</td><td>-475</td></tr><tr><td>Formosa</td><td>980</td><td>479</td><td>-798</td><td>656</td><td>2,508</td><td>962</td><td>410</td><td>-837</td><td>718</td><td>2,462</td></tr><tr><td>Hong Kong</td><td>-2,140</td><td>-2,109</td><td>-274</td><td>1,563r</td><td>-137</td><td>-1,945</td><td>-2,178</td><td>-388</td><td>1,063r</td><td>-282</td></tr><tr><td>India</td><td>9,285</td><td>7,692</td><td>-4,590</td><td>2,090</td><td>4,143</td><td>9,149</td><td>7,675</td><td>-4,576</td><td>2,094</td><td>4,141</td></tr><tr><td>Indonesia</td><td>-2,941</td><td>-5,568</td><td>-20,091</td><td>1,093</td><td>-6,398</td><td>-2,947</td><td>-5,600</td><td>-20,865</td><td>1,076</td><td>-6,409</td></tr><tr><td>Iran</td><td>-632</td><td>-3,321</td><td>475</td><td>2,036</td><td>1,945</td><td>-579</td><td>-3,320</td><td>477</td><td>2,031</td><td>1,946</td></tr><tr><td>Israel</td><td>-3,187</td><td>1,786</td><td>1,399</td><td>-9,138</td><td>2,913</td><td>319</td><td>1,311</td><td>1,417</td><td>1,658</td><td>8,369</td></tr><tr><td>Japan</td><td>7,405</td><td>-3,824</td><td>6,674</td><td>16,597r</td><td>11,173</td><td>-7,512</td><td>-3,912</td><td>6,459</td><td>16,306r</td><td>10,947</td></tr><tr><td>Philippines</td><td>-956</td><td>-1,230</td><td>-16,951</td><td>-3,251</td><td>7,534</td><td>-1,061</td><td>-1,291</td><td>-16,887</td><td>-3,392</td><td>7,550</td></tr><tr><td>Thailand</td><td>3,173</td><td>-1,875</td><td>4,386</td><td>4,776</td><td>-3,721</td><td>3,063</td><td>-2,207</td><td>4,414</td><td>-4,782</td><td>-4,426</td></tr><tr><td>Turkey</td><td>782</td><td>5,823</td><td>-90</td><td>894</td><td>6,252</td><td>787</td><td>5,879</td><td>-116</td><td>877</td><td>6,290</td></tr><tr><td>Other Asia</td><td>-15,097</td><td>-17,423</td><td>-2,165</td><td>6,975r</td><td>-7,352</td><td>-15,296</td><td>-17,503</td><td>-2,180</td><td>6,558r</td><td>-7,475</td></tr><tr><td>Total Asia</td><td>-17,102</td><td>-19,245</td><td>-35,944</td><td>17,567r</td><td>18,403</td><td>-13,431</td><td>-17,276</td><td>-33,136</td><td>20,393r</td><td>18,638</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>2,958</td><td>9,031</td><td>1,159</td><td>6,360</td><td>449</td><td>2,451</td><td>9,027</td><td>799</td><td>-11,791</td><td>-724</td></tr><tr><td>Belgian Congo</td><td>-1,587</td><td>5,997</td><td>-4,131</td><td>-7,374</td><td>-5,730</td><td>-1,569</td><td>6,014</td><td>-4,150</td><td>-7,361</td><td>-5,738</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>121</td><td>258</td><td>1,564</td><td>-9,747</td><td>-655</td><td>108</td><td>181</td><td>1,503</td><td>-9,868</td><td>-649</td></tr><tr><td>Union of South Africa</td><td>2,628</td><td>-2,728</td><td>-508</td><td>-221</td><td>2,012</td><td>2,714</td><td>-2,675</td><td>4,036</td><td>-215</td><td>2,313</td></tr><tr><td>Other</td><td>-3,867</td><td>5,208</td><td>3,365</td><td>3,356</td><td>-8,401</td><td>-3,387</td><td>5,407</td><td>3,619</td><td>3,065</td><td>-6,801</td></tr><tr><td>Total other countries</td><td>-147</td><td>17,766</td><td>1,649</td><td>-7,616</td><td>-12,325</td><td>157</td><td>17,954</td><td>5,807</td><td>-26,210</td><td>-13,169</td></tr><tr><td>International</td><td>60,954</td><td>27,167</td><td>-4,048</td><td>12,920</td><td>684</td><td>56,414</td><td>22,440</td><td>-7,413</td><td>12,404</td><td>5,560</td></tr><tr><td>Grand total</td><td>258,306</td><td>188,662</td><td>70,798</td><td>74,556r</td><td>209,498</td><td>286,804</td><td>110,931</td><td>-982</td><td>105,574r</td><td>210,415</td></tr></table>
p Preliminary.
r Revised.
54
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Net Movement in Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States or net sales by foreigners)
<table><tr><th>Country</th><th colspan="5">Movement in brokerage balances</th><th colspan="5">Transactions in long-term securities, domestic and foreign</th></tr><tr><th></th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>-4</td><td>9</td><td>14</td><td>-16</td><td>25</td><td>45</td><td>-66</td><td>1,228</td><td>1,050</td><td>-3,029</td></tr><tr><td>Belgium</td><td>-603</td><td>55</td><td>109</td><td>-94</td><td>-138</td><td>-431</td><td>-25</td><td>-1</td><td>1,512</td><td>1,343</td></tr><tr><td>Czechoslovakia</td><td></td><td></td><td></td><td></td><td></td><td></td><td>-3</td><td>-2</td><td>7</td><td>12</td></tr><tr><td>Denmark</td><td>43</td><td>-73</td><td>22</td><td>154</td><td>-173</td><td>1,851</td><td>831</td><td>527</td><td>2,935</td><td>928</td></tr><tr><td>Finland</td><td></td><td></td><td></td><td></td><td>-7</td><td>3</td><td>2</td><td>1</td><td>-49,038</td><td>-93</td></tr><tr><td>France</td><td>927</td><td>248</td><td>-506</td><td>773</td><td>-392</td><td>1,362</td><td>812</td><td>2,935</td><td>4</td><td>18</td></tr><tr><td>Germany</td><td>63</td><td>-22</td><td>-251</td><td>15</td><td>282</td><td>-75</td><td>49</td><td>4</td><td>-900</td><td>282</td></tr><tr><td>Greece</td><td>-13</td><td></td><td>-3</td><td>-9</td><td>1</td><td>12</td><td>23</td><td>-20</td><td>68</td><td>18</td></tr><tr><td>Italy</td><td>-295</td><td>328</td><td>-287</td><td>-5</td><td>67</td><td>-26</td><td>-680</td><td>320</td><td>-4,644</td><td>-2,863</td></tr><tr><td>Netherlands</td><td>333</td><td>-773</td><td>-401</td><td>243</td><td>-419</td><td>-5,746</td><td>434</td><td>100</td><td>752</td><td>4</td></tr><tr><td>Norway</td><td>-166</td><td>-143</td><td>-115</td><td>190</td><td>-40</td><td>274</td><td>3</td><td>25</td><td>-740</td><td>24</td></tr><tr><td>Poland</td><td></td><td>-57</td><td>51</td><td>-32</td><td>-97</td><td>-77</td><td>143</td><td>23</td><td>-87</td><td>233</td></tr><tr><td>Portugal</td><td>11</td><td></td><td></td><td>-10</td><td>10</td><td>-39</td><td>-50</td><td></td><td>2</td><td>-5,286</td></tr><tr><td>Romania</td><td></td><td>2</td><td>44</td><td>24</td><td>27</td><td>56</td><td>41</td><td>25</td><td>27</td><td>3</td></tr><tr><td>Spain</td><td>-16</td><td>15</td><td></td><td></td><td></td><td></td><td>647</td><td>227</td><td>3,470</td><td>-9</td></tr><tr><td>Swe</td><td>-5</td><td>-1</td><td>36</td><td>-58</td><td>-74</td><td>-512</td><td>4,670</td><td>7,503</td><td>8,939</td><td>1,503</td></tr><tr><td>Switzerland</td><td>2,335</td><td>542</td><td>-3,473</td><td>3,313</td><td>-2,684</td><td>3,158</td><td></td><td>27,174</td><td>1,016</td><td></td></tr><tr><td>U. S. S. R.</td><td></td><td></td><td></td><td></td><td>22</td><td></td><td></td><td>176</td><td>87</td><td></td></tr><tr><td>United Kingdom</td><td>2,116</td><td>-770</td><td>1</td><td>-1,990</td><td>879</td><td>2,485</td><td>-1,673</td><td>-786</td><td></td><td></td></tr><tr><td>Yugoslavia</td><td>1</td><td>-2</td><td>-2</td><td>7</td><td>-189</td><td>589</td><td>-66</td><td></td><td></td><td></td></tr><tr><td>Other Europe</td><td>-18</td><td>116</td><td>-10</td><td>32</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Europe</td><td>4,703</td><td>-528</td><td>4,859</td><td>-2,552</td><td>-2,898</td><td>3,058</td><td>2,959</td><td>37,689</td><td>-36,902</td><td>10,216</td></tr><tr><td>Canada</td><td>-4,388</td><td>830</td><td>6,723</td><td>-1,667r</td><td>-522</td><td>-34,791</td><td>66,894</td><td>28,896</td><td>-15,041</td><td>-7,779</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>-147</td><td>-88</td><td>-81</td><td>148</td><td>-210</td><td>89</td><td>283</td><td>72</td><td>134</td><td>107</td></tr><tr><td>Bolivia</td><td>-18</td><td>-1</td><td>11</td><td>58</td><td>-13</td><td>39</td><td>-35</td><td>76</td><td>-33</td><td>14</td></tr><tr><td>Brazil</td><td>225</td><td>24</td><td>113</td><td>147</td><td>-41</td><td>97</td><td>555</td><td>1,878</td><td>689</td><td>395</td></tr><tr><td>Chile</td><td>-19</td><td>-145</td><td>-138</td><td>106</td><td>38</td><td>109</td><td>181</td><td>177</td><td>-21</td><td>150</td></tr><tr><td>Colombia</td><td>-2,394</td><td>285</td><td>114</td><td>32</td><td>40</td><td>384</td><td>48</td><td>176</td><td>46</td><td>324</td></tr><tr><td>Cuba</td><td>264</td><td>562</td><td>-258</td><td>-96</td><td>791</td><td>291</td><td>711</td><td>818</td><td>619</td><td>919</td></tr><tr><td>Dominican Republic</td><td>-10</td><td>112</td><td>-27</td><td>-14</td><td>1</td><td>9</td><td>-129</td><td>6</td><td>-102</td><td>105</td></tr><tr><td>Guatemala</td><td>-11</td><td>-31</td><td>-43</td><td>37</td><td>-85</td><td>-37</td><td>113</td><td>98</td><td>26</td><td>61</td></tr><tr><td>Mexico</td><td>37</td><td>160</td><td>-297</td><td>204</td><td>113</td><td>823</td><td>-234</td><td>545</td><td>406</td><td>52</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>4</td><td>-31</td><td>26</td><td>20</td><td>-1</td><td>86</td><td>647</td><td>194</td><td>92</td><td>33</td></tr><tr><td>Peru</td><td>386</td><td>-376</td><td>-67</td><td>-223</td><td>145</td><td>-12</td><td>-186</td><td>113</td><td>366</td><td>167</td></tr><tr><td>Republic of Panama</td><td>7</td><td>-34</td><td>10</td><td>299</td><td>-930</td><td>212</td><td>-502</td><td>995</td><td>29</td><td>692</td></tr><tr><td>El Salvador</td><td>-24</td><td>-2</td><td></td><td>1</td><td>4</td><td>1,023</td><td>27</td><td>49</td><td>-4</td><td>21</td></tr><tr><td>Uruguay</td><td>-785</td><td>-20</td><td>-1,057</td><td>17</td><td>103</td><td>446</td><td>-312</td><td>2,315</td><td>64</td><td>289</td></tr><tr><td>Venezuela</td><td>540</td><td>-1,592</td><td>-14</td><td>-258</td><td>491</td><td>266</td><td>8</td><td>639</td><td>353</td><td>182</td></tr><tr><td>Other Latin America</td><td>-295</td><td>627</td><td>55</td><td>-323</td><td>141</td><td>715</td><td>471</td><td>34</td><td>677</td><td>-5</td></tr><tr><td>Total Latin America</td><td>-2,190</td><td>-600</td><td>-1,653</td><td>155</td><td>587</td><td>4,540</td><td>1,646</td><td>8,185</td><td>3,601</td><td>3,746</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>-1</td><td>16</td><td>-53</td><td>81</td><td>-71</td><td>8</td><td>249</td><td>22</td><td>23</td><td>89</td></tr><tr><td>Formosae</td><td>-57</td><td>16</td><td>79</td><td>-34</td><td></td><td>75</td><td>53</td><td>-40</td><td>-28</td><td>46</td></tr><tr><td>Bong Kong</td><td>-178</td><td>-287</td><td>-120</td><td>145</td><td>-31</td><td>-17</td><td>356</td><td>234</td><td>355</td><td>176</td></tr><tr><td>India</td><td>-2</td><td>2</td><td>-27</td><td>-5</td><td>-2</td><td>-38</td><td>15</td><td>13</td><td>1</td><td>4</td></tr><tr><td>Indonesia</td><td>-1</td><td>-2</td><td>-3</td><td>1</td><td>1</td><td>7</td><td>34</td><td>-23</td><td>16</td><td>10</td></tr><tr><td>Iran</td><td>-2</td><td>-3</td><td>-2</td><td>2</td><td>-2</td><td>-51</td><td>2</td><td>-</td><td>3</td><td>1</td></tr><tr><td>Israel</td><td>19</td><td>-7</td><td>3</td><td>-4</td><td>1</td><td>-4,125</td><td>-3,108</td><td>-2,715</td><td>-3,476</td><td>-1,457</td></tr><tr><td>Japan</td><td>25</td><td>-20</td><td>-8</td><td>1</td><td>26</td><td>82</td><td>168</td><td>223</td><td>252</td><td>200</td></tr><tr><td>Philippines</td><td>51</td><td>51</td><td>-10</td><td>-5</td><td>-14</td><td>55</td><td>10</td><td>65</td><td>-34</td><td>-11</td></tr><tr><td>Thailand</td><td>94</td><td>10</td><td>-5</td><td>-9</td><td>-14</td><td>16</td><td>322</td><td>-63</td><td>-25</td><td>719</td></tr><tr><td>Turkey</td><td>1</td><td>-29</td><td>10</td><td>15</td><td>-10</td><td>-6</td><td>3</td><td>16</td><td>2</td><td>-28</td></tr><tr><td>Other Asia</td><td>119</td><td>142</td><td>-214</td><td>10</td><td>-265</td><td>80</td><td>38</td><td>229</td><td>7</td><td>388</td></tr><tr><td>Total Asia</td><td>68</td><td>-111</td><td>-350</td><td>78</td><td>-372</td><td>-3,739</td><td>-1,858</td><td>-2,058</td><td>-2,904</td><td>137</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>9</td><td>-7</td><td>9</td><td>3</td><td>14</td><td>98</td><td>11</td><td>351</td><td>18,148</td><td>1,189</td></tr><tr><td>Belgian Congo</td><td>-57</td><td>-1</td><td>2</td><td>-1</td><td>1</td><td>-1</td><td>-16</td><td>17</td><td>-12</td><td>7</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td></td><td>58</td><td>5</td><td>2</td><td>10</td><td>13</td><td>19</td><td>56</td><td>119</td><td>-16</td></tr><tr><td>Union of South Africa</td><td>-11</td><td>-52</td><td>-135</td><td>338</td><td>-399</td><td>-75</td><td>-1</td><td>-4,409</td><td>-344</td><td>38</td></tr><tr><td>Other</td><td>625</td><td>176</td><td>-320</td><td>260</td><td>176</td><td>-905</td><td>-375</td><td>266</td><td>81</td><td>-176</td></tr><tr><td>Total other countries</td><td>566</td><td>174</td><td>-439</td><td>602</td><td>-198</td><td>-870</td><td>-362</td><td>-3,719</td><td>17,992</td><td>1,042</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td></td><td>4,540</td><td>4,727</td><td>3,365</td><td>516</td><td>-4,876</td></tr><tr><td>Grand total</td><td>-1,236</td><td>-235</td><td>-578</td><td>1,720r</td><td>-3,403</td><td>-27,262</td><td>73,966</td><td>72,358</td><td>-32,738</td><td>2,486</td></tr></table>
p Preliminary.
r Revised.
November 1955
55
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Claims on foreigners 1953</th><th colspan="5">Liabilities to foreigners 1953</th></tr><tr><th></th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August 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>146</td><td>131</td><td>149</td><td>236</td><td>372</td><td>108,156</td><td>125,089</td><td>118,734</td><td>129,878</td><td>144,368</td></tr><tr><td>Belgium</td><td>14,120</td><td>12,365</td><td>11,557</td><td>12,198</td><td>10,282</td><td>133,884</td><td>129,054</td><td>128,364</td><td>130,764</td><td>140,289</td></tr><tr><td>Czechoslovakia</td><td>4</td><td>5</td><td>10</td><td>6</td><td>3</td><td>564</td><td>645</td><td>656</td><td>789</td><td>580</td></tr><tr><td>Denmark</td><td>3,502</td><td>1,948</td><td>1,303</td><td>2,340</td><td>3,518</td><td>70,030</td><td>69,383</td><td>71,047</td><td>72,620</td><td>78,306</td></tr><tr><td>Finland</td><td>4,138</td><td>2,938</td><td>3,837</td><td>3,475</td><td>3,395</td><td>26,871</td><td>29,712</td><td>34,320</td><td>35,686</td><td>32,876</td></tr><tr><td>France</td><td>8,776</td><td>9,472</td><td>7,988</td><td>10,947</td><td>9,677</td><td>233,266</td><td>254,990</td><td>301,823</td><td>335,039</td><td>362,581</td></tr><tr><td>Germany</td><td>30,164</td><td>30,968</td><td>30,585</td><td>27,040</td><td>30,313</td><td>626,824</td><td>645,675</td><td>682,835</td><td>739,502</td><td>773,219</td></tr><tr><td>Greece</td><td>128</td><td>179</td><td>189</td><td>127</td><td>205</td><td>61,956</td><td>66,739</td><td>70,651</td><td>69,478</td><td>73,651</td></tr><tr><td>Italy</td><td>25,646</td><td>25,538</td><td>28,805</td><td>22,120</td><td>22,237</td><td>312,063</td><td>314,434</td><td>313,639</td><td>335,964</td><td>353,945</td></tr><tr><td>Netherlands</td><td>5,862</td><td>5,566</td><td>5,060</td><td>5,157</td><td>5,696</td><td>231,519</td><td>245,018</td><td>268,964</td><td>287,490</td><td>243,086</td></tr><tr><td>Norway</td><td>1,135</td><td>1,289</td><td>1,116</td><td>843</td><td>761</td><td>116,557</td><td>119,230</td><td>109,077</td><td>108,353</td><td>120,309</td></tr><tr><td>Poland</td><td>30</td><td>31</td><td>30</td><td>30</td><td>30</td><td>2,071</td><td>2,245</td><td>1,965</td><td>2,426</td><td>2,915</td></tr><tr><td>Portugal</td><td>457</td><td>525</td><td>468</td><td>479</td><td>413</td><td>55,137</td><td>57,773</td><td>57,159</td><td>62,907</td><td>70,234</td></tr><tr><td>Romania</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5,813</td><td>5,771</td><td>5,759</td><td>5,812</td><td>5,806</td></tr><tr><td>Spain</td><td>7,531</td><td>6,703</td><td>6,945</td><td>14,402</td><td>20,317</td><td>18,203</td><td>22,671</td><td>19,319</td><td>19,938</td><td>22,123</td></tr><tr><td>Sweden</td><td>3,153</td><td>2,893</td><td>2,449</td><td>2,555</td><td>1,773</td><td>88,694</td><td>88,492</td><td>86,660</td><td>87,923</td><td>94,281</td></tr><tr><td>Switzerland</td><td>13,937</td><td>12,794</td><td>15,289</td><td>14,001</td><td>13,420</td><td>657,774</td><td>624,139</td><td>650,132</td><td>661,296</td><td>661,232</td></tr><tr><td>U. S. S. R.</td><td></td><td></td><td>28,717</td><td>28,461</td><td>26,640</td><td>1,599</td><td>1,346</td><td>911,183</td><td>891,995</td><td>890,084</td></tr><tr><td>United Kingdom</td><td>23,417</td><td>27,267</td><td>28,717</td><td>28,461</td><td>26,640</td><td>837,308</td><td>900,017</td><td>911,183</td><td>891,995</td><td>890,084</td></tr><tr><td>Yugoslavia</td><td>3,505</td><td>4,454</td><td>4,730</td><td>5,336</td><td>5,795</td><td>9,813</td><td>10,762</td><td>7,944</td><td>10,546</td><td>13,227</td></tr><tr><td>Other Europe</td><td>6,689</td><td>7,278</td><td>6,426</td><td>6,313</td><td>6,880</td><td>44,682</td><td>46,649</td><td>47,760</td><td>52,583</td><td>51,187</td></tr><tr><td>Total Europe</td><td>152,445</td><td>191,943</td><td>151,718</td><td>155,666</td><td>161,732</td><td>3,642,744</td><td>3,749,656</td><td>3,889,834</td><td>3,984,105</td><td>4,132,202</td></tr><tr><td>Canada</td><td>60,613</td><td>57,396</td><td>58,292</td><td>51,669</td><td>44,028</td><td>1,304,969</td><td>1,231,381</td><td>1,119,448</td><td>1,138,820</td><td>1,145,537</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>7,736</td><td>10,232</td><td>9,016</td><td>7,954</td><td>7,602</td><td>128,362</td><td>153,146</td><td>155,615</td><td>151,288</td><td>145,903</td></tr><tr><td>Bolivia</td><td>14,637</td><td>15,371</td><td>14,691</td><td>14,292</td><td>13,303</td><td>19,570</td><td>21,374</td><td>23,293</td><td>22,943</td><td>20,979</td></tr><tr><td>Brazil</td><td>382,650</td><td>367,420</td><td>385,103</td><td>316,371</td><td>318,736</td><td>82,104</td><td>119,753</td><td>133,708</td><td>83,487</td><td>133,418</td></tr><tr><td>Chile</td><td>9,600</td><td>8,998</td><td>7,525</td><td>7,693</td><td>7,450</td><td>89,061</td><td>93,100</td><td>88,113</td><td>89,140</td><td>86,123</td></tr><tr><td>Colombia</td><td>38,920</td><td>39,813</td><td>47,656</td><td>44,369</td><td>48,988</td><td>125,367</td><td>122,039</td><td>121,602</td><td>130,373</td><td>129,910</td></tr><tr><td>Cuba</td><td>34,947</td><td>27,158</td><td>27,029</td><td>28,805</td><td>23,989</td><td>356,930</td><td>370,492</td><td>380,957</td><td>381,473</td><td>400,148</td></tr><tr><td>Dominican Republic</td><td>2,793</td><td>2,748</td><td>2,916</td><td>1,901</td><td>1,931</td><td>48,292</td><td>48,024</td><td>47,992</td><td>50,200</td><td>48,930</td></tr><tr><td>Guatemala</td><td>4,947</td><td>3,123</td><td>3,167</td><td>3,247</td><td>2,991</td><td>49,085</td><td>47,195</td><td>45,186</td><td>43,181</td><td>40,303</td></tr><tr><td>Mexico</td><td>86,853</td><td>83,049</td><td>88,327</td><td>86,416</td><td>88,990</td><td>199,395</td><td>181,655</td><td>167,496</td><td>168,706</td><td>160,496</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,181</td><td>2,491</td><td>2,091</td><td>2,405</td><td>2,248</td><td>41,218</td><td>42,315</td><td>44,814</td><td>45,595</td><td>45,080</td></tr><tr><td>Peru</td><td>12,469</td><td>13,741</td><td>14,296</td><td>13,659</td><td>15,053</td><td>63,809</td><td>62,925</td><td>63,371</td><td>61,207</td><td>62,046</td></tr><tr><td>Republic of Panama</td><td>5,388</td><td>4,874</td><td>5,374</td><td>5,605</td><td>5,319</td><td>90,443</td><td>95,231</td><td>97,098</td><td>103,777</td><td>108,119</td></tr><tr><td>El Salvador</td><td>4,956</td><td>3,933</td><td>4,043</td><td>3,890</td><td>3,672</td><td>52,239</td><td>46,863</td><td>47,738</td><td>42,132</td><td>39,202</td></tr><tr><td>Uruguay</td><td>7,446</td><td>4,621</td><td>3,601</td><td>3,313</td><td>3,197</td><td>94,079</td><td>90,247</td><td>88,324</td><td>91,290</td><td>89,556</td></tr><tr><td>Venezuela</td><td>33,392</td><td>35,104</td><td>35,201</td><td>35,649</td><td>35,418</td><td>183,223</td><td>186,393</td><td>156,813</td><td>166,545</td><td>165,188</td></tr><tr><td>Other Latin America</td><td>14,459</td><td>13,972</td><td>13,870</td><td>15,471</td><td>18,171</td><td>137,797</td><td>139,683</td><td>140,867</td><td>139,745</td><td>133,696</td></tr><tr><td>Total Latin America</td><td>662,976</td><td>636,108</td><td>603,906</td><td>590,400</td><td>593,058</td><td>1,743,993</td><td>1,927,915</td><td>1,801,879</td><td>1,771,042</td><td>1,806,697</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>2,557</td><td>2,785</td><td>2,646</td><td>2,690</td><td>2,536</td><td>37,050</td><td>37,367</td><td>37,474</td><td>36,940</td><td>36,351</td></tr><tr><td>Formosa</td><td>6,272</td><td>5,571</td><td>5,449</td><td>5,586</td><td>5,410</td><td>35,039</td><td>34,748</td><td>33,789</td><td>34,644</td><td>36,930</td></tr><tr><td>Hong Kong</td><td>2,671</td><td>2,076</td><td>2,339</td><td>2,274</td><td>2,859</td><td>70,065</td><td>67,292</td><td>67,167</td><td>68,165</td><td>69,468</td></tr><tr><td>India</td><td>3,874</td><td>3,133</td><td>2,509</td><td>2,509</td><td>2,689</td><td>85,320</td><td>90,254</td><td>87,604</td><td>89,245</td><td>93,469</td></tr><tr><td>Indonesia</td><td>58</td><td>770</td><td>1,142</td><td>1,245</td><td>1,646</td><td>64,340</td><td>58,925</td><td>38,832</td><td>39,511</td><td>33,603</td></tr><tr><td>Iran</td><td>11,650</td><td>12,619</td><td>12,616</td><td>13,311</td><td>13,888</td><td>19,483</td><td>17,132</td><td>17,806</td><td>20,332</td><td>22,895</td></tr><tr><td>Israel</td><td>24,193</td><td>20,473</td><td>19,597</td><td>17,773</td><td>18,789</td><td>35,313</td><td>16,434</td><td>16,475</td><td>13,193</td><td>18,578</td></tr><tr><td>Japan</td><td>19,962</td><td>14,225</td><td>16,619</td><td>18,766</td><td>17,090</td><td>892,572</td><td>882,864</td><td>892,121</td><td>910,170</td><td>919,441</td></tr><tr><td>Philippines</td><td>14,202</td><td>13,625</td><td>11,921</td><td>10,815</td><td>10,055</td><td>327,919</td><td>326,051</td><td>307,360</td><td>302,962</td><td>309,732</td></tr><tr><td>Thailand</td><td>4,386</td><td>4,338</td><td>5,342</td><td>4,464</td><td>5,216</td><td>194,797</td><td>192,082</td><td>197,500</td><td>191,880</td><td>188,206</td></tr><tr><td>Turkey</td><td>17,441</td><td>10,516</td><td>12,276</td><td>8,680</td><td>4,469</td><td>8,409</td><td>7,363</td><td>8,007</td><td>6,288</td><td>8,367</td></tr><tr><td>Other Asia</td><td>23,769</td><td>20,189</td><td>20,392</td><td>15,536</td><td>15,516</td><td>255,336</td><td>234,153</td><td>232,176</td><td>233,878</td><td>226,383</td></tr><tr><td>Total Asia</td><td>132,022</td><td>110,320</td><td>112,098</td><td>103,606</td><td>100,163</td><td>2,005,643</td><td>1,966,665</td><td>1,935,307</td><td>1,947,208</td><td>1,962,403</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>7,647</td><td>7,212</td><td>7,211</td><td>6,261</td><td>6,304</td><td>57,988</td><td>66,520</td><td>67,318</td><td>54,577</td><td>52,854</td></tr><tr><td>Belgian Congo</td><td>7,069</td><td>6,698</td><td>6,664</td><td>7,129</td><td>5,932</td><td>124,878</td><td>130,521</td><td>126,297</td><td>119,441</td><td>112,204</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>870</td><td>974</td><td>335</td><td>242</td><td>161</td><td>54,065</td><td>54,350</td><td>55,214</td><td>45,253</td><td>44,583</td></tr><tr><td>Union of South Africa</td><td>2,804</td><td>2,804</td><td>2,872</td><td>2,886</td><td>2,872</td><td>36,005</td><td>33,331</td><td>37,835</td><td>37,234</td><td>39,293</td></tr><tr><td>Other</td><td>3,469</td><td>3,363</td><td>3,567</td><td>4,463</td><td>4,597</td><td>88,365</td><td>93,966</td><td>97,789</td><td>101,710</td><td>93,403</td></tr><tr><td>Total other countries</td><td>21,899</td><td>21,051</td><td>20,609</td><td>20,961</td><td>19,826</td><td>361,942</td><td>378,628</td><td>384,053</td><td>358,215</td><td>343,891</td></tr><tr><td>International</td><td>-</td><td>-</td><td>1,039</td><td>193</td><td>-</td><td>1,761,027</td><td>1,783,467</td><td>1,777,093</td><td>1,788,651</td><td>1,794,018</td></tr><tr><td>Grand total</td><td>1,029,915</td><td>976,818</td><td>947,662</td><td>922,515</td><td>908,807</td><td>10,879,918</td><td>10,937,792</td><td>10,907,614</td><td>10,988,041</td><td>11,134,758</td></tr></table>
p Preliminary.
56
Treasury Bulletin
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="4">Debit balances (due from foreigners) 1953</th><th colspan="4">Credit balances (due to foreigners) 1953</th></tr><tr><th></th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August 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>15</td><td>17</td><td>14</td><td>17</td><td>12</td><td>8</td><td>18</td><td>29</td><td>16</td><td>36</td></tr><tr><td>Belgium</td><td>237</td><td>145</td><td>189</td><td>206</td><td>184</td><td>2,543</td><td>2,506</td><td>2,659</td><td>2,592</td><td>2,432</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></tr><tr><td>Denmark</td><td>233</td><td>326</td><td>343</td><td>213</td><td>328</td><td>122</td><td>142</td><td>181</td><td>205</td><td>147</td></tr><tr><td>Finland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>France</td><td>2,675</td><td>2,246</td><td>2,411</td><td>1,747</td><td>2,012</td><td>3,538</td><td>3,357</td><td>3,016</td><td>3,125</td><td>2,998</td></tr><tr><td>Germany</td><td>225</td><td>232</td><td>179</td><td>427</td><td>146</td><td>100</td><td>85</td><td>81</td><td>44</td><td>15</td></tr><tr><td>Greece</td><td>5</td><td>12</td><td>10</td><td>10</td><td>11</td><td>20</td><td>22</td><td>17</td><td>17</td><td>25</td></tr><tr><td>Italy</td><td>297</td><td>210</td><td>235</td><td>215</td><td>201</td><td>684</td><td>925</td><td>663</td><td>634</td><td>687</td></tr><tr><td>Netherlands</td><td>399</td><td>345</td><td>428</td><td>372</td><td>672</td><td>6,256</td><td>5,429</td><td>5,111</td><td>5,297</td><td>5,179</td></tr><tr><td>Norway</td><td>285</td><td>364</td><td>345</td><td>404</td><td>434</td><td>530</td><td>466</td><td>332</td><td>581</td><td>371</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>58</td><td>57</td><td>55</td><td>60</td><td>112</td><td>245</td><td>187</td><td>236</td><td>209</td><td>164</td></tr><tr><td>Romania</td><td>2</td><td>-</td><td>-</td><td>10</td><td>-</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Spain</td><td>278</td><td>281</td><td>299</td><td>134</td><td>121</td><td>298</td><td>316</td><td>290</td><td>149</td><td>163</td></tr><tr><td>Sweden</td><td>80</td><td>66</td><td>34</td><td>66</td><td>172</td><td>262</td><td>247</td><td>251</td><td>225</td><td>257</td></tr><tr><td>Switzerland</td><td>6,343</td><td>6,270</td><td>6,937</td><td>6,503</td><td>7,621</td><td>24,608</td><td>25,077</td><td>25,271</td><td>25,150</td><td>23,584</td></tr><tr><td>U. S. S. R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>2,971</td><td>3,738</td><td>3,770</td><td>5,042</td><td>4,265</td><td>4,837</td><td>4,834</td><td>4,867</td><td>4,119</td><td>4,251</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>16</td><td>14</td><td>21</td><td>21</td></tr><tr><td>Other Europe</td><td>101</td><td>76</td><td>57</td><td>86</td><td>493</td><td>1,114</td><td>1,205</td><td>1,176</td><td>1,237</td><td>1,495</td></tr><tr><td>Total Europe</td><td>14,205</td><td>11,385</td><td>15,606</td><td>15,511</td><td>16,799</td><td>45,195</td><td>44,847</td><td>41,209</td><td>43,666</td><td>42,056</td></tr><tr><td>Canada</td><td>7,186</td><td>6,669</td><td>6,516</td><td>6,415</td><td>6,741</td><td>7,402</td><td>7,715</td><td>11,285</td><td>12,517</td><td>12,321</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>296</td><td>303</td><td>311</td><td>303</td><td>374</td><td>1,524</td><td>1,443</td><td>1,370</td><td>1,510</td><td>1,371</td></tr><tr><td>Bolivia</td><td>11</td><td>16</td><td>13</td><td>1</td><td>5</td><td>39</td><td>43</td><td>51</td><td>97</td><td>88</td></tr><tr><td>Brazil</td><td>1,149</td><td>1,026</td><td>1,139</td><td>823</td><td>935</td><td>1,346</td><td>1,247</td><td>1,473</td><td>1,304</td><td>1,375</td></tr><tr><td>Chile</td><td>230</td><td>282</td><td>366</td><td>290</td><td>272</td><td>856</td><td>723</td><td>709</td><td>739</td><td>759</td></tr><tr><td>Colombia</td><td>89</td><td>82</td><td>94</td><td>85</td><td>90</td><td>85</td><td>363</td><td>469</td><td>512</td><td>557</td></tr><tr><td>Cuba</td><td>5,932</td><td>5,895</td><td>5,944</td><td>5,823</td><td>5,180</td><td>2,076</td><td>2,351</td><td>2,382</td><td>2,175</td><td>2,321</td></tr><tr><td>Dominican Republic</td><td>123</td><td>10</td><td>10</td><td>12</td><td>8</td><td>233</td><td>232</td><td>205</td><td>193</td><td>190</td></tr><tr><td>Guatemala</td><td>1</td><td>1</td><td>20</td><td>8</td><td>8</td><td>242</td><td>211</td><td>187</td><td>212</td><td>127</td></tr><tr><td>Mexico</td><td>2,751</td><td>2,625</td><td>2,444</td><td>2,554</td><td>2,599</td><td>3,050</td><td>3,084</td><td>2,610</td><td>2,920</td><td>3,078</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>32</td><td>65</td><td>53</td><td>49</td><td>41</td><td>171</td><td>173</td><td>187</td><td>203</td><td>194</td></tr><tr><td>Peru</td><td>142</td><td>364</td><td>368</td><td>584</td><td>422</td><td>415</td><td>261</td><td>198</td><td>191</td><td>174</td></tr><tr><td>Republic of Panama</td><td>331</td><td>278</td><td>235</td><td>215</td><td>656</td><td>1,998</td><td>1,861</td><td>1,828</td><td>2,107</td><td>1,618</td></tr><tr><td>El Salvador</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td><td>7</td><td>7</td><td>8</td><td>12</td></tr><tr><td>Uruguay</td><td>713</td><td>781</td><td>891</td><td>547</td><td>554</td><td>5,831</td><td>5,879</td><td>4,932</td><td>4,605</td><td>4,715</td></tr><tr><td>Venezuela</td><td>1,249</td><td>2,030</td><td>1,321</td><td>1,890</td><td>1,594</td><td>4,091</td><td>2,580</td><td>2,457</td><td>2,168</td><td>2,663</td></tr><tr><td>Other Latin America</td><td>1,105</td><td>446</td><td>367</td><td>579</td><td>451</td><td>563</td><td>534</td><td>510</td><td>399</td><td>412</td></tr><tr><td>Total Latin America</td><td>14,851</td><td>14,124</td><td>14,180</td><td>13,763</td><td>13,489</td><td>22,589</td><td>21,206</td><td>19,605</td><td>19,343</td><td>19,656</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>1</td><td>1</td><td>39</td><td>-</td><td>32</td><td>69</td><td>85</td><td>70</td><td>112</td><td>73</td></tr><tr><td>Formosa</td><td>53</td><td>43</td><td>3</td><td>3</td><td>3</td><td>3</td><td>7</td><td>46</td><td>12</td><td>12</td></tr><tr><td>Hong Kong</td><td>783</td><td>864</td><td>866</td><td>723</td><td>648</td><td>1,812</td><td>1,606</td><td>1,488</td><td>1,490</td><td>1,384</td></tr><tr><td>India</td><td>44</td><td>43</td><td>52</td><td>52</td><td>54</td><td>82</td><td>83</td><td>65</td><td>60</td><td>60</td></tr><tr><td>Indonesia</td><td>17</td><td>18</td><td>22</td><td>22</td><td>22</td><td>6</td><td>5</td><td>6</td><td>7</td><td>8</td></tr><tr><td>Iran</td><td>4</td><td>3</td><td>6</td><td>5</td><td>8</td><td>7</td><td>3</td><td>4</td><td>5</td><td>6</td></tr><tr><td>Israel</td><td>-</td><td>8</td><td>2</td><td>-</td><td>-</td><td>51</td><td>52</td><td>49</td><td>43</td><td>44</td></tr><tr><td>Japan</td><td>6</td><td>9</td><td>5</td><td>11</td><td>15</td><td>76</td><td>59</td><td>47</td><td>24</td><td>84</td></tr><tr><td>Philippines</td><td>15</td><td>23</td><td>36</td><td>97</td><td>100</td><td>25</td><td>84</td><td>87</td><td>23</td><td>21</td></tr><tr><td>Thailand</td><td>150</td><td>8</td><td>8</td><td>8</td><td>8</td><td>229</td><td>97</td><td>92</td><td>83</td><td>69</td></tr><tr><td>Turkey</td><td>-</td><td>13</td><td>5</td><td>3</td><td>2</td><td>19</td><td>3</td><td>5</td><td>18</td><td>7</td></tr><tr><td>Other Asia</td><td>82</td><td>124</td><td>164</td><td>125</td><td>93</td><td>567</td><td>751</td><td>577</td><td>948</td><td>251</td></tr><tr><td>Total Asia</td><td>1,157</td><td>1,157</td><td>1,208</td><td>1,049</td><td>985</td><td>2,946</td><td>2,835</td><td>2,536</td><td>2,455</td><td>2,019</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>15</td><td>19</td><td>7</td><td>14</td><td>13</td><td>35</td><td>32</td><td>29</td><td>39</td><td>52</td></tr><tr><td>Belgian Congo</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>3</td><td>5</td><td>4</td><td>5</td></tr><tr><td>Egypt and Anglo-</td><td>5</td><td>5</td><td>5</td><td>2</td><td>-</td><td>34</td><td>92</td><td>97</td><td>96</td><td>104</td></tr><tr><td>Egyptian Sudan</td><td>18</td><td>9</td><td>8</td><td>7</td><td>6</td><td>411</td><td>350</td><td>214</td><td>251</td><td>151</td></tr><tr><td>Union of South Africa</td><td>209</td><td>167</td><td>244</td><td>227</td><td>218</td><td>1,731</td><td>1,565</td><td>1,522</td><td>1,565</td><td>2,032</td></tr><tr><td>Other</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 other countries</td><td>247</td><td>200</td><td>254</td><td>250</td><td>237</td><td>2,215</td><td>2,342</td><td>1,967</td><td>2,555</td><td>2,344</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>37,646</td><td>36,535</td><td>37,774</td><td>36,988</td><td>38,251</td><td>80,287</td><td>78,941</td><td>79,602</td><td>80,536</td><td>78,396</td></tr></table>
p Preliminary
November 1955
57
CAPITAL MOVEMENTS
Section III - 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="4">Short-term claims payable in dollars</th><th colspan="4">Short-term claims payable in foreign currencies</th></tr><tr><th></th><th>Total</th><th>Loans to: Foreign banks and official institutions</th><th>Others</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of Reporting banks and domestic customers with foreigners</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>149</td><td>149</td><td>101</td><td>48</td><td>5,992</td><td>263</td><td>136</td><td>16</td><td>61</td></tr><tr><td>Belgium</td><td>11,557</td><td>11,294</td><td>1,279</td><td>102</td><td>3,921</td><td>7</td><td>3</td><td>4</td><td></td></tr><tr><td>Czechoslovakia</td><td>10</td><td>3</td><td>7</td><td>-</td><td>3</td><td>75</td><td>67</td><td>8</td><td></td></tr><tr><td>Denmark</td><td>1,303</td><td>1,228</td><td>71</td><td>-</td><td>291</td><td>1</td><td>1</td><td></td><td></td></tr><tr><td>Finland</td><td>3,837</td><td>3,836</td><td>49</td><td>25</td><td>132</td><td>1</td><td></td><td></td><td></td></tr><tr><td>France</td><td>7,848</td><td>5,367</td><td>1,470</td><td>1,820</td><td>959</td><td>2,481</td><td>255</td><td>468</td><td>1,764</td></tr><tr><td>Germany</td><td>30,885</td><td>28,214</td><td>14,780</td><td>4,697</td><td>1,858</td><td>6,879</td><td>2,663</td><td>8</td><td></td></tr><tr><td>Greece</td><td>129</td><td>129</td><td>33</td><td>-</td><td>74</td><td>74</td><td></td><td>21</td><td>78</td></tr><tr><td>Italy</td><td>24,805</td><td>24,295</td><td>1,965</td><td>12,639</td><td>2,499</td><td>510</td><td>411</td><td>1</td><td></td></tr><tr><td>Netherlands</td><td>5,060</td><td>4,202</td><td>977</td><td>414</td><td>1,050</td><td>858</td><td>857</td><td></td><td></td></tr><tr><td>Norway</td><td>1,116</td><td>967</td><td>7</td><td>36</td><td>421</td><td>149</td><td>149</td><td></td><td></td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>110</td><td>17</td><td>30</td><td>58</td><td>58</td><td></td><td></td></tr><tr><td>Portugal</td><td>468</td><td>410</td><td>2</td><td>-</td><td>2</td><td>3</td><td>3</td><td></td><td></td></tr><tr><td>Romania</td><td>5</td><td>2</td><td>629</td><td>78</td><td>502</td><td>141</td><td>141</td><td></td><td></td></tr><tr><td>Spain</td><td>6,945</td><td>6,804</td><td>145</td><td>233</td><td>1,112</td><td>225</td><td>222</td><td>3</td><td></td></tr><tr><td>Sweden</td><td>2,449</td><td>2,224</td><td>233</td><td>4,223</td><td>1,927</td><td>6,292</td><td>6,245</td><td>2</td><td>43</td></tr><tr><td>Switzerland</td><td>15,249</td><td>8,959</td><td>2,323</td><td>4,223</td><td>1,927</td><td>6,292</td><td>6,245</td><td>2</td><td>43</td></tr><tr><td>U. S. S. R.</td><td>28,717</td><td>5,673</td><td>919</td><td>2,339</td><td>2,071</td><td>23,044</td><td>22,049</td><td>762</td><td>233</td></tr><tr><td>United Kingdom</td><td>4,750</td><td>4,454</td><td>4,938</td><td>10</td><td>6</td><td>276</td><td>2</td><td>274</td><td></td></tr><tr><td>Yugoslavia</td><td>6,726</td><td>6,245</td><td>927</td><td>4,425</td><td>530</td><td>181</td><td>176</td><td>5</td><td></td></tr><tr><td>Other Europe</td><td>151,718</td><td>114,485</td><td>30,195</td><td>30,891</td><td>17,736</td><td>37,233</td><td>33,488</td><td>1,566</td><td>2,179</td></tr><tr><td>Total Europe</td><td>58,292</td><td>26,780</td><td>275</td><td>11,048</td><td>5,731</td><td>9,726</td><td>31,512</td><td>23,449</td><td>1,812</td><td>6,251</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></tr><tr><td>Argentina</td><td>9,016</td><td>7,273</td><td>468</td><td>1,353</td><td>5,452</td><td>1,743</td><td>44</td><td>1,689</td><td>10</td></tr><tr><td>Bolivia</td><td>14,691</td><td>14,368</td><td>12,567</td><td>17</td><td>1,684</td><td>323</td><td>158</td><td>323</td><td>41</td></tr><tr><td>Brazil</td><td>35,103</td><td>33,949</td><td>15,124</td><td>24,028</td><td>241,976</td><td>1,154</td><td>2</td><td>955</td><td></td></tr><tr><td>Chile</td><td>7,925</td><td>7,582</td><td>358</td><td>2,307</td><td>3,758</td><td>3</td><td>3</td><td>1</td><td>42</td></tr><tr><td>Colombia</td><td>47,656</td><td>47,605</td><td>9,117</td><td>6,358</td><td>20,176</td><td>51</td><td>258</td><td>4</td><td></td></tr><tr><td>Cuba</td><td>27,029</td><td>26,767</td><td>3,167</td><td>7,106</td><td>8,768</td><td>262</td><td>1,268</td><td></td><td></td></tr><tr><td>Dominican Republic</td><td>2,916</td><td>2,916</td><td>507</td><td>1,348</td><td>1,348</td><td>-</td><td>-</td><td></td><td></td></tr><tr><td>Guatemala</td><td>3,167</td><td>3,167</td><td>507</td><td>1,348</td><td>2,409</td><td>-</td><td>-</td><td></td><td></td></tr><tr><td>Mexico</td><td>83,327</td><td>85,966</td><td>20,551</td><td>14,941</td><td>8,223</td><td>2,361</td><td>1,219</td><td>120</td><td>1,022</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,091</td><td>1,418</td><td>4</td><td>479</td><td>1,335</td><td>273</td><td>273</td><td></td><td></td></tr><tr><td>Peru</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>Republic of Panama</td><td>5,374</td><td>5,373</td><td>-</td><td>3,164</td><td>1,333</td><td>1</td><td>1</td><td>1</td><td></td></tr><tr><td>El Salvador</td><td>4,043</td><td>4,043</td><td>-</td><td>1,410</td><td>1,845</td><td>484</td><td>457</td><td>1</td><td>26</td></tr><tr><td>Uruguay</td><td>3,601</td><td>3,117</td><td>76</td><td>1,430</td><td>1,468</td><td>135</td><td>336</td><td>10</td><td></td></tr><tr><td>Venezuela</td><td>35,201</td><td>34,855</td><td>2,895</td><td>6,217</td><td>20,928</td><td>345</td><td>38</td><td>38</td><td></td></tr><tr><td>Other Latin America</td><td>11,870</td><td>13,582</td><td>567</td><td>1,135</td><td>11,910</td><td>38</td><td></td><td></td><td></td></tr><tr><td>Total Latin America</td><td>603,906</td><td>596,828</td><td>65,764</td><td>72,596</td><td>342,012</td><td>116,456</td><td>7,078</td><td>2,796</td><td>3,141</td><td>1,141</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>2,046</td><td>2,040</td><td>2,636</td><td>-</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>43</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>241</td><td>460</td><td>2,089</td><td>326</td><td>320</td><td>6</td><td></td></tr><tr><td>India</td><td>2,899</td><td>2,533</td><td>438</td><td>6</td><td>992</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Indonesia</td><td>1,142</td><td>1,142</td><td>150</td><td>-</td><td>12,472</td><td>10</td><td>1</td><td>10</td><td></td></tr><tr><td>Iran</td><td>12,816</td><td>12,806</td><td>334</td><td>1,330</td><td>1,177</td><td>11,673</td><td>15</td><td>15</td><td></td></tr><tr><td>Ireland</td><td>19,397</td><td>19,395</td><td>4,636</td><td>3,192</td><td>3,407</td><td>15</td><td>11</td><td>21</td><td></td></tr><tr><td>Japan</td><td>16,619</td><td>16,604</td><td>9,121</td><td>7,754</td><td>3,937</td><td>32</td><td>7</td><td>7</td><td></td></tr><tr><td>Philippines</td><td>11,821</td><td>11,789</td><td>7,032</td><td>195</td><td>2,108</td><td>5</td><td>5</td><td>2</td><td></td></tr><tr><td>Thailand</td><td>5,342</td><td>5,335</td><td>10,442</td><td>51</td><td>778</td><td>47</td><td>45</td><td></td><td></td></tr><tr><td>Turkey</td><td>11,276</td><td>11,271</td><td>16,827</td><td>516</td><td>4,999</td><td>3</td><td></td><td></td><td></td></tr><tr><td>Other Asia</td><td>20,392</td><td>20,345</td><td>16,827</td><td>516</td><td>4,999</td><td>47</td><td>45</td><td>2</td><td></td></tr><tr><td>Total Asia</td><td>112,098</td><td>111,584</td><td>61,087</td><td>6,475</td><td>32,114</td><td>11,908</td><td>524</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></tr><tr><td>Australia</td><td>7,211</td><td>6,624</td><td>75</td><td>50</td><td>3,672</td><td>977</td><td>551</td><td>165</td><td>251</td></tr><tr><td>Belgian Congo</td><td>6,624</td><td>6,624</td><td>141</td><td>74</td><td>5,379</td><td>1,030</td><td>-</td><td>1</td><td></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>13</td><td>12</td><td>1</td><td>346</td></tr><tr><td>Union of South Africa</td><td>2,872</td><td>2,435</td><td>48</td><td>155</td><td>2,175</td><td>437</td><td>87</td><td>4</td><td></td></tr><tr><td>Other</td><td>3,567</td><td>3,470</td><td>915</td><td>155</td><td>2,267</td><td>97</td><td>97</td><td></td><td></td></tr><tr><td>Total other countries</td><td>20,609</td><td>19,085</td><td>1,347</td><td>328</td><td>13,598</td><td>1,924</td><td>747</td><td>170</td><td>607</td></tr><tr><td>International</td><td>1,039</td><td>1,039</td><td>1,039</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Grand total</td><td>947,662</td><td>869,801</td><td>159,707</td><td>121,338</td><td>411,191</td><td>177,569</td><td>77,861</td><td>60,948</td><td>6,735</td><td>10,178</td></tr></table>
58
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - 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="4">To foreign banks and official institutions</th><th colspan="4">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></tr><tr><td>Austria</td><td>118,734</td><td>117,945</td><td>63,384</td><td>3,200</td><td>45,961</td><td>1,139</td><td>1,139</td><td>-</td><td>7,954</td><td>203</td><td>196</td><td>-</td></tr><tr><td>Belgium</td><td>128,334</td><td>72,688</td><td>44,457</td><td>1,889</td><td>26,942</td><td>55,273</td><td>44,376</td><td>2,743</td><td>7,954</td><td>-</td><td>196</td><td>-</td></tr><tr><td>Czechoslovakia</td><td>696</td><td>136</td><td>135</td><td>1</td><td>1</td><td>470</td><td>465</td><td>-</td><td>5</td><td>9</td><td>9</td><td>-</td></tr><tr><td>Denmark</td><td>71,047</td><td>63,236</td><td>15,277</td><td>47,100</td><td>899</td><td>7,802</td><td>6,584</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>26,314</td><td>-</td><td>5,442</td><td>2,564</td><td>2,564</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>301,823</td><td>233,373</td><td>215,012</td><td>6,707</td><td>10,654</td><td>65,586</td><td>58,438</td><td>3,912</td><td>3,236</td><td>3,864</td><td>3,084</td><td>16</td></tr><tr><td>Germany</td><td>682,835</td><td>679,682</td><td>282,737</td><td>355,000</td><td>41,945</td><td>3,094</td><td>3,050</td><td>38</td><td>6</td><td>59</td><td>23</td><td>36</td></tr><tr><td>Greece</td><td>70,691</td><td>61,547</td><td>21,411</td><td>40,000</td><td>136</td><td>9,104</td><td>6,378</td><td>2,625</td><td>101</td><td>7</td><td>4</td><td>3</td></tr><tr><td>Italy</td><td>313,619</td><td>280,963</td><td>117,958</td><td>133,116</td><td>28,999</td><td>32,649</td><td>22,568</td><td>9,516</td><td>565</td><td>7</td><td>4</td><td>2</td></tr><tr><td>Netherlands</td><td>268,564</td><td>238,255</td><td>56,245</td><td>174,843</td><td>7,167</td><td>29,997</td><td>27,735</td><td>2,098</td><td>164</td><td>312</td><td>310</td><td>2</td></tr><tr><td>Norway</td><td>109,077</td><td>82,661</td><td>28,565</td><td>56,736</td><td>1,356</td><td>26,416</td><td>23,070</td><td>1,768</td><td>1,578</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>1,965</td><td>1,268</td><td>1,530</td><td>1</td><td>38</td><td>397</td><td>373</td><td>22</td><td>2</td><td>6</td><td>6</td><td>9</td></tr><tr><td>Portugal</td><td>57,259</td><td>37,047</td><td>30,747</td><td>43</td><td>292</td><td>20,106</td><td>19,893</td><td>-</td><td>273</td><td>9</td><td>1</td><td>9</td></tr><tr><td>Romania</td><td>5,799</td><td>4,483</td><td>4,482</td><td>1</td><td>205</td><td>1,367</td><td>1,367</td><td>167</td><td>9</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Spain</td><td>19,319</td><td>9,704</td><td>9,499</td><td>-</td><td>205</td><td>9,614</td><td>9,438</td><td>167</td><td>9</td><td>59</td><td>59</td><td>71</td></tr><tr><td>Sweden</td><td>86,660</td><td>79,406</td><td>37,488</td><td>22,250</td><td>19,668</td><td>7,135</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>650,132</td><td>513,613</td><td>282,400</td><td>115,220</td><td>115,993</td><td>133,979</td><td>97,984</td><td>8,438</td><td>28,017</td><td>2,540</td><td>2,469</td><td>71</td></tr><tr><td>U. S. S. R.</td><td>2,223</td><td>1,924</td><td>1,923</td><td>1</td><td>9</td><td>299</td><td>298</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>911,183</td><td>603,503</td><td>335,726</td><td>260,798</td><td>6,979</td><td>279,363</td><td>155,177</td><td>123,590</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>7,224</td><td>5,658</td><td>-</td><td>1,566</td><td>720</td><td>720</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>17,750</td><td>34,076</td><td>25,266</td><td>7,670</td><td>820</td><td>13,645</td><td>12,122</td><td>692</td><td>801</td><td>39</td><td>39</td><td>-</td></tr><tr><td>Total Europe</td><td>3,889,834</td><td>3,153,580</td><td>1,613,820</td><td>1,229,577</td><td>310,583</td><td>700,829</td><td>500,102</td><td>157,168</td><td>43,565</td><td>35,425</td><td>35,107</td><td>318</td></tr><tr><td>Canada</td><td>1,119,448</td><td>904,890</td><td>287,828</td><td>602,103</td><td>14,944</td><td>201,610</td><td>158,193</td><td>42,592</td><td>836</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></tr><tr><td>Argentina</td><td>155,615</td><td>116,695</td><td>113,720</td><td>459</td><td>2,476</td><td>38,913</td><td>38,838</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>13,676</td><td>13,676</td><td>-</td><td>4</td><td>11,915</td><td>11,878</td><td>13</td><td>24</td><td>11</td><td>-</td><td>11</td></tr><tr><td>Brazil</td><td>133,608</td><td>95,625</td><td>85,120</td><td>-</td><td>10,505</td><td>37,972</td><td>37,549</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>11</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>121,602</td><td>91,259</td><td>89,542</td><td>-</td><td>2,017</td><td>30,043</td><td>29,796</td><td>236</td><td>11</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>330,997</td><td>314,579</td><td>119,003</td><td>192,000</td><td>3,570</td><td>66,378</td><td>65,024</td><td>824</td><td>140</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dominican Republic</td><td>47,492</td><td>28,842</td><td>28,320</td><td>-</td><td>202</td><td>19,070</td><td>19,070</td><td>47</td><td>3,576</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>45,136</td><td>25,956</td><td>11,576</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>167,496</td><td>85,787</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 West Indies and Surinam</td><td>14,814</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>-</td></tr><tr><td>Peru</td><td>63,371</td><td>23,944</td><td>23,808</td><td>-</td><td>136</td><td>39,424</td><td>34,928</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>43,922</td><td>-</td><td>251</td><td>52,872</td><td>37,208</td><td>9,758</td><td>5,906</td><td>17</td><td>-</td><td>47</td></tr><tr><td>El Salvador</td><td>14,733</td><td>31,005</td><td>6,059</td><td>24,900</td><td>16</td><td>13,733</td><td>13,732</td><td>3</td><td>12</td><td>50</td><td>6</td><td>44</td></tr><tr><td>Uruguay</td><td>86,593</td><td>35,338</td><td>30,393</td><td>-</td><td>4,957</td><td>53,636</td><td>51,771</td><td>205</td><td>8,654</td><td>50</td><td>856</td><td>44</td></tr><tr><td>Venezuela</td><td>156,813</td><td>101,655</td><td>101,357</td><td>-</td><td>293</td><td>54,308</td><td>51,053</td><td>2,946</td><td>303</td><td>856</td><td>817</td><td>-</td></tr><tr><td>Other Latin America</td><td>140,867</td><td>105,092</td><td>79,286</td><td>7,032</td><td>18,774</td><td>34,958</td><td>33,424</td><td>1,518</td><td>16</td><td>817</td><td>817</td><td>-</td></tr><tr><td>Total Latin America</td><td>1,801,879</td><td>1,202,862</td><td>903,159</td><td>249,356</td><td>50,347</td><td>597,007</td><td>552,292</td><td>21,222</td><td>23,493</td><td>2,010</td><td>1,704</td><td>306</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>37,474</td><td>28,712</td><td>28,118</td><td>342</td><td>252</td><td>8,762</td><td>8,260</td><td>502</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>33,789</td><td>28,750</td><td>28,084</td><td>655</td><td>11</td><td>5,039</td><td>5,038</td><td>-</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>67,167</td><td>26,963</td><td>26,151</td><td>200</td><td>612</td><td>40,135</td><td>39,684</td><td>340</td><td>111</td><td>69</td><td>69</td><td>-</td></tr><tr><td>India</td><td>87,404</td><td>83,723</td><td>26,763</td><td>57,120</td><td>1,840</td><td>3,476</td><td>3,473</td><td>3</td><td>1</td><td>205</td><td>205</td><td>-</td></tr><tr><td>Indonesia</td><td>35,432</td><td>36,964</td><td>26,734</td><td>9,355</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>85</td><td>7,140</td><td>7,140</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>15,213</td><td>-</td><td>12</td><td>1,204</td><td>1,204</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>891,717</td><td>875,663</td><td>842,159</td><td>31,124</td><td>2,315</td><td>16,048</td><td>16,018</td><td>30</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Philippines</td><td>307,360</td><td>286,662</td><td>267,573</td><td>6,000</td><td>13,089</td><td>20,691</td><td>20,581</td><td>70</td><td>47</td><td>47</td><td>47</td><td>-</td></tr><tr><td>Thailand</td><td>197,500</td><td>194,177</td><td>13,841</td><td>180,069</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>232,176</td><td>195,298</td><td>187,327</td><td>37,813</td><td>10,158</td><td>36,596</td><td>35,839</td><td>99</td><td>658</td><td>288</td><td>288</td><td>-</td></tr><tr><td>Total Asia</td><td>1,935,307</td><td>1,786,904</td><td>1,434,610</td><td>322,748</td><td>29,546</td><td>147,799</td><td>145,985</td><td>1,014</td><td>800</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></tr><tr><td>Australia</td><td>67,318</td><td>64,235</td><td>18,569</td><td>41,850</td><td>3,816</td><td>2,728</td><td>2,728</td><td>-</td><td>-</td><td>355</td><td>352</td><td>1</td></tr><tr><td>Belgian Congo</td><td>126,297</td><td>125,051</td><td>16,209</td><td>89,725</td><td>19,117</td><td>1,245</td><td>868</td><td>-</td><td>377</td><td>1</td><td>1</td><td>-</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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>37,435</td><td>34,903</td><td>13,399</td><td>21,500</td><td>4</td><td>2,039</td><td>2,082</td><td>6</td><td>1</td><td>443</td><td>411</td><td>32</td></tr><tr><td>Other</td><td>97,789</td><td>68,828</td><td>56,266</td><td>2,000</td><td>10,162</td><td>28,318</td><td>25,077</td><td>335</td><td>2,906</td><td>1,043</td><td>1,028</td><td>15</td></tr><tr><td>Total other countries</td><td>384,053</td><td>345,103</td><td>126,393</td><td>185,075</td><td>33,635</td><td>37,108</td><td>33,453</td><td>371</td><td>3,284</td><td>1,242</td><td>1,792</td><td>50</td></tr><tr><td>International</td><td>1,777,093</td><td>1,777,093</td><td>99,145</td><td>1,628,120</td><td>49,828</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>10,907,611</td><td>9,170,422</td><td>4,464,555</td><td>4,216,984</td><td>488,883</td><td>1,684,353</td><td>1,390,025</td><td>222,350</td><td>71,978</td><td>52,839</td><td>51,634</td><td>1,205</td></tr></table>
November 1955
59
CAPITAL MOVEMENTS
Section III - Details for Month of June 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th rowspan="2">Country</th><th colspan="6">Purchases by foreigners</th><th colspan="6">Sales by foreigners</th></tr><tr><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></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><td></td></tr><tr><td>Austria</td><td>3</td><td>1,202</td><td>183</td><td>3</td><td>3,788</td><td>176</td><td>4,753</td><td>1,254</td><td>91</td><td>416</td><td>2,893</td><td>99</td></tr><tr><td>Belgium</td><td>5,981</td><td></td><td></td><td>632</td><td></td><td></td><td>1</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Czechoslovakia</td><td>67</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><td>9</td></tr><tr><td>Denmark</td><td>718</td><td></td><td></td><td></td><td>1</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Finland</td><td>1</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>977</td><td>501</td></tr><tr><td>Germany</td><td>67</td><td>12</td><td>82</td><td>28</td><td>3</td><td>63</td><td>87</td><td>3</td><td>9</td><td>41</td><td>57</td><td>12</td></tr><tr><td>Greece</td><td>615</td><td>407</td><td>80</td><td>187</td><td>232</td><td>9</td><td>592</td><td>328</td><td>38</td><td>179</td><td>37</td><td>13</td></tr><tr><td>Italy</td><td>3,001</td><td>132</td><td>253</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>521</td><td>1,244</td></tr><tr><td>Netherlands</td><td></td><td>96</td><td>28</td><td>313</td><td>168</td><td>15</td><td>500</td><td>102</td><td></td><td>189</td><td>130</td><td>19</td></tr><tr><td>Norway</td><td>620</td><td></td><td></td><td>33</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Poland</td><td>3</td><td></td><td></td><td>11</td><td>91</td><td>83</td><td>162</td><td>3</td><td></td><td>89</td><td>58</td><td>12</td></tr><tr><td>Portugal</td><td>185</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>Romania</td><td></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><td></td></tr><tr><td>Spain</td><td>106</td><td></td><td></td><td>95</td><td>31</td><td>4</td><td>50</td><td></td><td></td><td>36</td><td>14</td><td></td></tr><tr><td>Sweden</td><td>277</td><td>1,090</td><td>5,235</td><td>13,374</td><td>3,912</td><td>1,060</td><td>17,168</td><td>2,207</td><td>1,626</td><td>10,703</td><td>1,893</td><td>739</td></tr><tr><td>Switzerland</td><td>24,671</td><td></td><td></td><td>1,750</td><td>7,481</td><td>3,202</td><td>21,900</td><td>10,775</td><td>830</td><td>5,762</td><td>4,214</td><td>319</td></tr><tr><td>U.S.S.R.</td><td>49,074</td><td>13,579</td><td></td><td>122</td><td>102</td><td>8</td><td>1,104</td><td>1</td><td>10</td><td>974</td><td>71</td><td>48</td></tr><tr><td>United Kingdom</td><td></td><td>28</td><td>58</td><td>26,491</td><td>13,789</td><td>26,847</td><td>54,411</td><td>15,567</td><td>3,078</td><td>21,870</td><td>10,881</td><td>3,015</td></tr><tr><td>Yugoslavia</td><td>318</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>92,100</td><td>17,101</td><td>8,292</td><td>26,491</td><td>13,789</td><td>26,847</td><td>54,411</td><td>15,567</td><td>3,078</td><td>21,870</td><td>10,881</td><td>3,015</td></tr><tr><td>Total Europe</td><td>83,927</td><td>8,418</td><td>13,307</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>10,015</td><td>18,410</td><td>14,001</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><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><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></td><td></td><td></td><td>249</td><td>25</td><td></td></tr><tr><td>Bolivia</td><td>99</td><td></td><td>44</td><td>38</td><td>17</td><td>23</td><td></td><td></td><td></td><td>23</td><td></td><td></td></tr><tr><td>Brazil</td><td>2,179</td><td>128</td><td>61</td><td>285</td><td>1,426</td><td>33</td><td>301</td><td></td><td>7</td><td>180</td><td>72</td><td>32</td></tr><tr><td>Chile</td><td>302</td><td>4</td><td>54</td><td>183</td><td>216</td><td>45</td><td>125</td><td></td><td></td><td>89</td><td>2</td><td>34</td></tr><tr><td>Colombia</td><td>315</td><td></td><td></td><td></td><td></td><td></td><td>139</td><td></td><td></td><td>138</td><td>1</td><td></td></tr><tr><td>Cuba</td><td>2,349</td><td>570</td><td>315</td><td>767</td><td>603</td><td>94</td><td>1,531</td><td>16</td><td>262</td><td>1,075</td><td>116</td><td>62</td></tr><tr><td>Dominican Republic</td><td>127</td><td></td><td>41</td><td>62</td><td>102</td><td></td><td>121</td><td></td><td></td><td>17</td><td>104</td><td></td></tr><tr><td>Guatemala</td><td>131</td><td></td><td></td><td>84</td><td>28</td><td></td><td>33</td><td></td><td></td><td>33</td><td></td><td></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>801</td><td>214</td><td>283</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><td></td></tr><tr><td>Peru</td><td>217</td><td>50</td><td>46</td><td>121</td><td></td><td></td><td>104</td><td>2</td><td>10</td><td>79</td><td></td><td>13</td></tr><tr><td>Republic of Panama</td><td>4,330</td><td>101</td><td>82</td><td>470</td><td>2,993</td><td>68</td><td>3,335</td><td>3,148</td><td>10</td><td>121</td><td></td><td>56</td></tr><tr><td>El Salvador</td><td>54</td><td></td><td>25</td><td>25</td><td>4</td><td></td><td>5</td><td></td><td>5</td><td></td><td></td><td></td></tr><tr><td>Uruguay</td><td>3,004</td><td>677</td><td>113</td><td>1,873</td><td>374</td><td>57</td><td>779</td><td>31</td><td>139</td><td>504</td><td>78</td><td>27</td></tr><tr><td>Venezuela</td><td>867</td><td></td><td>8</td><td>266</td><td>93</td><td>180</td><td>228</td><td>100</td><td></td><td>128</td><td></td><td></td></tr><tr><td>Other Latin America</td><td>803</td><td>500</td><td>8</td><td>180</td><td>100</td><td>15</td><td>769</td><td>500</td><td>5</td><td>230</td><td>34</td><td></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>4,249</td><td>265</td><td>3,652</td><td>647</td><td>302</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>117</td><td></td><td>114</td><td>1</td><td>2</td><td>95</td><td></td><td>5</td><td></td><td>40</td><td>16</td><td>34</td></tr><tr><td>Formosa</td><td>2</td><td></td><td>2</td><td></td><td></td><td></td><td>42</td><td></td><td></td><td>42</td><td></td><td></td></tr><tr><td>Hong Kong</td><td>1,036</td><td></td><td>186</td><td>590</td><td>220</td><td>80</td><td>802</td><td>46</td><td>1</td><td>671</td><td>61</td><td>23</td></tr><tr><td>India</td><td>30</td><td></td><td>26</td><td>30</td><td>35</td><td>1</td><td>17</td><td>5</td><td>3</td><td>11</td><td>1</td><td>2</td></tr><tr><td>Indonesia</td><td>65</td><td></td><td>1</td><td>13</td><td></td><td></td><td>88</td><td></td><td></td><td>83</td><td></td><td></td></tr><tr><td>Iran</td><td>1</td><td></td><td></td><td></td><td></td><td></td><td>1</td><td></td><td></td><td>1</td><td></td><td></td></tr><tr><td>Israel</td><td>18</td><td></td><td>18</td><td></td><td></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>Japan</td><td>225</td><td></td><td>27</td><td>198</td><td>45</td><td>8</td><td>29</td><td></td><td></td><td>22</td><td></td><td>7</td></tr><tr><td>Philippines</td><td>75</td><td></td><td>22</td><td>4</td><td>10</td><td></td><td>77</td><td></td><td></td><td>77</td><td></td><td></td></tr><tr><td>Thailand</td><td>14</td><td></td><td>4</td><td>19</td><td>75</td><td></td><td>14</td><td></td><td></td><td>14</td><td></td><td></td></tr><tr><td>Turkey</td><td>30</td><td></td><td>11</td><td>19</td><td>17</td><td></td><td>197</td><td>88</td><td>22</td><td>84</td><td></td><td>3</td></tr><tr><td>Other Asia</td><td>426</td><td>10</td><td>100</td><td>281</td><td>159</td><td>169</td><td>4,097</td><td>154</td><td>28</td><td>1,052</td><td>2,794</td><td>69</td></tr><tr><td>Total Asia</td><td>2,039</td><td>10</td><td>286</td><td>1,046</td><td>528</td><td>169</td><td>4,097</td><td>154</td><td>28</td><td>1,052</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><td></td></tr><tr><td>Australia</td><td>368</td><td></td><td>44</td><td>323</td><td>1</td><td>17</td><td>7</td><td>10</td><td></td><td></td><td></td><td></td></tr><tr><td>Belgian Congo</td><td>17</td><td></td><td>17</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>60</td><td>50</td><td>10</td><td>44</td><td>8</td><td>4</td><td>4,605</td><td>89</td><td></td><td>14</td><td></td><td>4,502</td></tr><tr><td>Union of South Africa</td><td>196</td><td>99</td><td>23</td><td>623</td><td>73</td><td>43</td><td>946</td><td></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>683</td><td>46</td><td>52</td><td>5,572</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>1,873</td><td>449</td><td>207</td><td>699</td><td>446</td><td>52</td><td>5,572</td><td>96</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></td><td>49</td><td></td><td>39</td><td>10</td><td></td><td></td></tr><tr><td>Grand total</td><td>200,893</td><td>28,824</td><td>23,502</td><td>41,512</td><td>62,108</td><td>44,947</td><td>128,535</td><td>22,742</td><td>13,634</td><td>37,418</td><td>32,836</td><td>21,905</td></tr></table>
60
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of August 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="4">Short-term claims payable in dollars</th><th colspan="4">Short-term claims payable in foreign currencies</th></tr><tr><th></th><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>Deposite of reporting banks and domestic customers with foreigners</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>372</td><td>372</td><td>185</td><td>-</td><td>185</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Belgium</td><td>10,282</td><td>9,710</td><td>1,108</td><td>80</td><td>3,222</td><td>5,300</td><td>572</td><td>548</td><td>1</td><td>23</td></tr><tr><td>Czechoslovakia</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Denmark</td><td>3,518</td><td>3,473</td><td>31</td><td>-</td><td>262</td><td>3,180</td><td>45</td><td>36</td><td>9</td><td>-</td></tr><tr><td>Finland</td><td>3,395</td><td>3,393</td><td>24</td><td>131</td><td>138</td><td>3,100</td><td>2</td><td>2</td><td>-</td><td>-</td></tr><tr><td>France</td><td>9,677</td><td>7,410</td><td>1,681</td><td>3,595</td><td>1,076</td><td>1,058</td><td>2,267</td><td>631</td><td>43</td><td>1,591</td></tr><tr><td>Germany</td><td>30,313</td><td>27,970</td><td>9,948</td><td>4,113</td><td>2,785</td><td>11,224</td><td>2,343</td><td>2,336</td><td>7</td><td>-</td></tr><tr><td>Greece</td><td>205</td><td>205</td><td>18</td><td>36</td><td>151</td><td>-</td><td>-</td><td>-</td><td>-</td><td>95</td></tr><tr><td>Italy</td><td>22,237</td><td>22,005</td><td>1,438</td><td>13,394</td><td>2,895</td><td>4,434</td><td>232</td><td>116</td><td>21</td><td>95</td></tr><tr><td>Netherlands</td><td>5,696</td><td>4,771</td><td>1,029</td><td>1,662</td><td>1,647</td><td>1,653</td><td>925</td><td>920</td><td>5</td><td>-</td></tr><tr><td>Norway</td><td>761</td><td>682</td><td>13</td><td>38</td><td>413</td><td>218</td><td>79</td><td>79</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>-</td><td>-</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>413</td><td>342</td><td>-</td><td>10</td><td>332</td><td>-</td><td>71</td><td>64</td><td>7</td><td>-</td></tr><tr><td>Romania</td><td>5</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>20,317</td><td>18,250</td><td>858</td><td>13</td><td>313</td><td>17,066</td><td>2,067</td><td>2,067</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>1,773</td><td>1,500</td><td>107</td><td>148</td><td>818</td><td>427</td><td>273</td><td>270</td><td>3</td><td>-</td></tr><tr><td>Switzerland</td><td>13,420</td><td>7,598</td><td>683</td><td>3,777</td><td>2,864</td><td>274</td><td>5,822</td><td>5,769</td><td>3</td><td>53</td></tr><tr><td>U.S.S.R.</td><td>26,640</td><td>5,558</td><td>827</td><td>2,264</td><td>1,964</td><td>503</td><td>21,082</td><td>20,288</td><td>682</td><td>112</td></tr><tr><td>United Kingdom</td><td>2,795</td><td>2,793</td><td>5,783</td><td>2</td><td>1</td><td>1</td><td>2</td><td>2</td><td>1</td><td>-</td></tr><tr><td>Yugoslavia</td><td>6,880</td><td>6,757</td><td>1,007</td><td>4,624</td><td>647</td><td>489</td><td>123</td><td>120</td><td>3</td><td>-</td></tr><tr><td>Other 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>Total Europe</td><td>161,732</td><td>125,820</td><td>24,684</td><td>32,184</td><td>19,745</td><td>48,907</td><td>35,912</td><td>33,252</td><td>784</td><td>1,876</td></tr><tr><td>Canada</td><td>44,088</td><td>18,921</td><td>689</td><td>4,054</td><td>5,028</td><td>9,150</td><td>25,107</td><td>17,849</td><td>965</td><td>6,293</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>7,602</td><td>6,954</td><td>402</td><td>1,301</td><td>2,251</td><td>-</td><td>648</td><td>43</td><td>605</td><td>-</td></tr><tr><td>Bolivia</td><td>3,303</td><td>3,300</td><td>1,233</td><td>52</td><td>1,839</td><td>176</td><td>3</td><td>3</td><td>3</td><td>-</td></tr><tr><td>Brazil</td><td>318,735</td><td>317,665</td><td>21,474</td><td>20,601</td><td>205,411</td><td>70,180</td><td>1,070</td><td>57</td><td>973</td><td>40</td></tr><tr><td>Chile</td><td>7,450</td><td>7,449</td><td>312</td><td>1,228</td><td>4,361</td><td>1,548</td><td>1</td><td>1</td><td>1</td><td>8</td></tr><tr><td>Colombia</td><td>43,928</td><td>43,913</td><td>6,937</td><td>5,356</td><td>20,966</td><td>15,648</td><td>15</td><td>6</td><td>1</td><td>-</td></tr><tr><td>Cuba</td><td>23,989</td><td>23,734</td><td>155</td><td>5,556</td><td>8,510</td><td>9,503</td><td>255</td><td>254</td><td>1</td><td>-</td></tr><tr><td>Dominican Republic</td><td>1,931</td><td>1,905</td><td>-</td><td>353</td><td>1,552</td><td>-</td><td>26</td><td>26</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>2,991</td><td>2,991</td><td>570</td><td>91</td><td>2,199</td><td>131</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>88,990</td><td>86,206</td><td>19,748</td><td>20,352</td><td>9,188</td><td>36,918</td><td>2,784</td><td>1,597</td><td>154</td><td>1,033</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,248</td><td>2,243</td><td>840</td><td>11</td><td>1,392</td><td>-</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>15,053</td><td>14,998</td><td>508</td><td>212</td><td>9,680</td><td>4,658</td><td>55</td><td>29</td><td>26</td><td>-</td></tr><tr><td>Republic of Panama</td><td>5,379</td><td>5,379</td><td>-</td><td>3,126</td><td>1,356</td><td>890</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>3,672</td><td>3,672</td><td>-</td><td>338</td><td>1,580</td><td>1,754</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,197</td><td>2,866</td><td>767</td><td>724</td><td>1,318</td><td>57</td><td>331</td><td>331</td><td>-</td><td>-</td></tr><tr><td>Venezuela</td><td>35,418</td><td>34,105</td><td>2,419</td><td>7,509</td><td>19,688</td><td>4,489</td><td>1,313</td><td>263</td><td>10</td><td>1,040</td></tr><tr><td>Other Latin America</td><td>14,171</td><td>14,144</td><td>583</td><td>1,179</td><td>12,036</td><td>346</td><td>27</td><td>16</td><td>11</td><td>-</td></tr><tr><td>Total Latin America</td><td>583,058</td><td>576,525</td><td>55,965</td><td>67,995</td><td>306,267</td><td>146,298</td><td>6,533</td><td>2,602</td><td>1,810</td><td>2,121</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>2,536</td><td>2,532</td><td>2,528</td><td>-</td><td>2</td><td>2</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,410</td><td>5,410</td><td>5,410</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,859</td><td>2,807</td><td>730</td><td>288</td><td>1,789</td><td>-</td><td>52</td><td>52</td><td>-</td><td>-</td></tr><tr><td>India</td><td>2,689</td><td>2,387</td><td>408</td><td>-</td><td>1,276</td><td>3</td><td>302</td><td>294</td><td>8</td><td>-</td></tr><tr><td>Indonesia</td><td>1,046</td><td>1,046</td><td>225</td><td>-</td><td>1,421</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>13,888</td><td>13,888</td><td>56</td><td>14</td><td>13,818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>18,789</td><td>18,788</td><td>3,048</td><td>1,233</td><td>8,412</td><td>11,295</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>17,090</td><td>17,095</td><td>3,861</td><td>6,401</td><td>6,097</td><td>727</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>10,055</td><td>10,007</td><td>6,208</td><td>471</td><td>3,328</td><td>-</td><td>48</td><td>33</td><td>15</td><td>-</td></tr><tr><td>Thailand</td><td>5,216</td><td>5,209</td><td>3,426</td><td>1</td><td>1,789</td><td>-</td><td>7</td><td>7</td><td>7</td><td>-</td></tr><tr><td>Turkey</td><td>4,469</td><td>4,464</td><td>3,678</td><td>50</td><td>736</td><td>-</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>15,516</td><td>15,451</td><td>11,774</td><td>609</td><td>3,241</td><td>27</td><td>65</td><td>58</td><td>7</td><td>-</td></tr><tr><td>Total Asia</td><td>100,163</td><td>99,675</td><td>42,132</td><td>8,867</td><td>36,602</td><td>12,054</td><td>488</td><td>451</td><td>37</td><td>-</td></tr><tr><td>Other countries</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>6,304</td><td>5,131</td><td>63</td><td>46</td><td>3,296</td><td>1,726</td><td>1,173</td><td>814</td><td>96</td><td>301</td></tr><tr><td>Belgian Congo</td><td>5,932</td><td>5,932</td><td>14</td><td>35</td><td>4,907</td><td>976</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>161</td><td>126</td><td>45</td><td>-</td><td>72</td><td>9</td><td>35</td><td>34</td><td>1</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,872</td><td>2,519</td><td>6</td><td>28</td><td>2,238</td><td>247</td><td>353</td><td>350</td><td>3</td><td>-</td></tr><tr><td>Other</td><td>4,597</td><td>4,430</td><td>1,259</td><td>344</td><td>2,515</td><td>312</td><td>127</td><td>99</td><td>28</td><td>-</td></tr><tr><td>Total other countries</td><td>19,866</td><td>18,138</td><td>1,387</td><td>453</td><td>13,028</td><td>3,270</td><td>1,688</td><td>1,297</td><td>86</td><td>303</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>908,807</td><td>839,079</td><td>124,877</td><td>113,853</td><td>380,970</td><td>219,579</td><td>69,728</td><td>55,451</td><td>3,684</td><td>10,593</td></tr></table>
November 1955
61
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of August 1953
Table 2.- Short-Term Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="4">To foreign banks and official institutions</th><th colspan="4">To all other foreigners</th><th colspan="4">Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and 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>144,368</td><td>143,632</td><td>84,306</td><td>3,200</td><td>56,126</td><td>736</td><td>735</td><td>2,029</td><td>1</td><td>206</td><td>199</td><td>7</td></tr><tr><td>Belgium</td><td>140,229</td><td>94,822</td><td>52,755</td><td>2,826</td><td>29,251</td><td>55,191</td><td>46,332</td><td>2,029</td><td>6,830</td><td>-</td><td>199</td><td>7</td></tr><tr><td>Czechoslovakia</td><td>580</td><td>198</td><td>-</td><td>-</td><td>-</td><td>380</td><td>380</td><td>-</td><td>-</td><td>25</td><td>25</td><td>-</td></tr><tr><td>Denmark</td><td>78,306</td><td>68,490</td><td>15,446</td><td>50,125</td><td>2,919</td><td>9,791</td><td>7,751</td><td>964</td><td>1,076</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Finland</td><td>32,838</td><td>30,468</td><td>23,948</td><td>-</td><td>6,520</td><td>2,368</td><td>2,342</td><td>26</td><td>-</td><td>2</td><td>2</td><td>16</td></tr><tr><td>France</td><td>362,581</td><td>291,677</td><td>168,435</td><td>110,484</td><td>12,758</td><td>68,799</td><td>60,308</td><td>5,078</td><td>3,413</td><td>2,105</td><td>2,087</td><td>18</td></tr><tr><td>Germany</td><td>773,272</td><td>770,196</td><td>295,130</td><td>425,000</td><td>50,066</td><td>3,072</td><td>3,022</td><td>40</td><td>10</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Greece</td><td>73,291</td><td>64,513</td><td>26,085</td><td>38,000</td><td>428</td><td>8,778</td><td>6,787</td><td>1,925</td><td>66</td><td>17</td><td>17</td><td>-</td></tr><tr><td>Italy</td><td>353,945</td><td>321,786</td><td>118,638</td><td>175,301</td><td>27,848</td><td>32,144</td><td>21,173</td><td>10,028</td><td>943</td><td>15</td><td>13</td><td>2</td></tr><tr><td>Netherlands</td><td>283,086</td><td>210,599</td><td>60,739</td><td>140,392</td><td>9,484</td><td>32,476</td><td>30,321</td><td>2,078</td><td>77</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Norway</td><td>110,309</td><td>83,139</td><td>23,321</td><td>58,379</td><td>1,439</td><td>27,156</td><td>21,811</td><td>2,618</td><td>2,727</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Poland</td><td>2,915</td><td>2,500</td><td>2,476</td><td>-</td><td>24</td><td>415</td><td>413</td><td>-</td><td>2</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Portugal</td><td>70,294</td><td>46,254</td><td>45,877</td><td>48</td><td>329</td><td>23,998</td><td>23,738</td><td>-</td><td>260</td><td>8</td><td>8</td><td>0</td></tr><tr><td>Romania</td><td>5,806</td><td>4,435</td><td>4,424</td><td>48</td><td>11</td><td>1,362</td><td>1,362</td><td>-</td><td>6</td><td>34</td><td>34</td><td>-</td></tr><tr><td>Spain</td><td>22,123</td><td>11,992</td><td>11,742</td><td>-</td><td>250</td><td>10,097</td><td>10,027</td><td>64</td><td>-</td><td>34</td><td>34</td><td>-</td></tr><tr><td>Sweden</td><td>94,281</td><td>87,103</td><td>40,521</td><td>22,250</td><td>24,332</td><td>1,062</td><td>6,427</td><td>635</td><td>21,534</td><td>3,021</td><td>2,832</td><td>189</td></tr><tr><td>Switzerland</td><td>661,532</td><td>529,966</td><td>254,975</td><td>132,219</td><td>142,772</td><td>128,063</td><td>93,901</td><td>13,110</td><td>-</td><td>3,021</td><td>116</td><td>189</td></tr><tr><td>U. S. S. R.</td><td>8,048</td><td>7,741</td><td>7,731</td><td>-</td><td>10</td><td>307</td><td>307</td><td>-</td><td>-</td><td>-</td><td>-</td><td>196</td></tr><tr><td>United Kingdom</td><td>890,024</td><td>579,970</td><td>315,339</td><td>257,702</td><td>6,929</td><td>285,714</td><td>149,903</td><td>135,219</td><td>592</td><td>24,340</td><td>24,144</td><td>196</td></tr><tr><td>Yugoslavia</td><td>13,227</td><td>12,527</td><td>10,892</td><td>-</td><td>1,635</td><td>700</td><td>700</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30</td></tr><tr><td>Other Europe</td><td>51,187</td><td>37,670</td><td>29,213</td><td>7,538</td><td>919</td><td>13,487</td><td>12,006</td><td>720</td><td>761</td><td>30</td><td>30</td><td>421</td></tr><tr><td>Total Europe</td><td>4,132,202</td><td>3,389,682</td><td>1,592,171</td><td>1,423,464</td><td>374,047</td><td>712,580</td><td>499,748</td><td>174,534</td><td>38,298</td><td>29,940</td><td>29,519</td><td>421</td></tr><tr><td>Canada</td><td>1,145,537</td><td>900,729</td><td>285,731</td><td>600,935</td><td>13,063</td><td>233,458</td><td>173,680</td><td>58,964</td><td>814</td><td>11,350</td><td>10,574</td><td>776</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>145,903</td><td>104,382</td><td>101,610</td><td>459</td><td>2,313</td><td>41,483</td><td>41,411</td><td>70</td><td>2</td><td>38</td><td>26</td><td>12</td></tr><tr><td>Bolivia</td><td>20,579</td><td>8,569</td><td>8,529</td><td>-</td><td>14,329</td><td>12,090</td><td>11,993</td><td>43</td><td>14</td><td>14</td><td>1</td><td>13</td></tr><tr><td>Brazil</td><td>133,518</td><td>93,397</td><td>79,068</td><td>-</td><td>14,329</td><td>40,007</td><td>39,801</td><td>35</td><td>171</td><td>14</td><td>1</td><td>13</td></tr><tr><td>Chile</td><td>84,213</td><td>51,390</td><td>51,352</td><td>-</td><td>38</td><td>32,728</td><td>32,578</td><td>127</td><td>23</td><td>5</td><td>5</td><td>7</td></tr><tr><td>Colombia</td><td>229,910</td><td>98,328</td><td>97,167</td><td>-</td><td>1,161</td><td>31,571</td><td>31,105</td><td>236</td><td>230</td><td>11</td><td>4</td><td>7</td></tr><tr><td>Cuba</td><td>400,148</td><td>328,084</td><td>118,461</td><td>208,000</td><td>1,623</td><td>72,062</td><td>69,587</td><td>1,112</td><td>1,363</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Dominican Republic</td><td>48,590</td><td>28,044</td><td>28,477</td><td>600</td><td>167</td><td>20,286</td><td>16,295</td><td>41</td><td>3,950</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>40,303</td><td>22,125</td><td>18,268</td><td>3,177</td><td>1,308</td><td>18,178</td><td>17,956</td><td>220</td><td>2</td><td>447</td><td>38</td><td>409</td></tr><tr><td>Mexico</td><td>160,496</td><td>77,264</td><td>75,882</td><td>-</td><td>1,380</td><td>82,705</td><td>77,326</td><td>5,403</td><td>94</td><td>447</td><td>38</td><td>409</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>45,030</td><td>36,524</td><td>19,420</td><td>14,095</td><td>3,009</td><td>8,256</td><td>8,431</td><td>50</td><td>75</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Peru</td><td>62,046</td><td>22,166</td><td>21,999</td><td>-</td><td>167</td><td>39,878</td><td>35,557</td><td>145</td><td>4,176</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Republic of Panama</td><td>108,119</td><td>49,825</td><td>49,784</td><td>-</td><td>41</td><td>58,294</td><td>44,324</td><td>7,945</td><td>6,025</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>39,202</td><td>26,486</td><td>5,138</td><td>21,300</td><td>2</td><td>12,716</td><td>12,664</td><td>24</td><td>28</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>89,256</td><td>33,778</td><td>28,263</td><td>400</td><td>5,115</td><td>55,724</td><td>66,075</td><td>205</td><td>9,474</td><td>24</td><td>1</td><td>23</td></tr><tr><td>Venezuela</td><td>167,188</td><td>98,381</td><td>93,269</td><td>5,032</td><td>5,032</td><td>65,768</td><td>60,683</td><td>4,610</td><td>4,93</td><td>1,101</td><td>1,078</td><td>23</td></tr><tr><td>Other Latin America</td><td>133,696</td><td>99,251</td><td>72,209</td><td>12,932</td><td>14,112</td><td>34,301</td><td>33,313</td><td>1,158</td><td>10</td><td>144</td><td>144</td><td>-</td></tr><tr><td>Total Latin America</td><td>1,806,697</td><td>1,178,474</td><td>869,022</td><td>257,786</td><td>51,666</td><td>626,435</td><td>578,921</td><td>21,428</td><td>26,090</td><td>1,788</td><td>1,299</td><td>489</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>36,351</td><td>26,404</td><td>25,811</td><td>342</td><td>251</td><td>9,947</td><td>9,945</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>36,930</td><td>32,207</td><td>31,248</td><td>955</td><td>4</td><td>4,723</td><td>4,723</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>68,468</td><td>26,707</td><td>26,004</td><td>200</td><td>503</td><td>41,687</td><td>40,999</td><td>577</td><td>111</td><td>74</td><td>74</td><td>-</td></tr><tr><td>India</td><td>93,469</td><td>89,825</td><td>15,378</td><td>72,410</td><td>2,037</td><td>3,375</td><td>3,364</td><td>3</td><td>8</td><td>269</td><td>269</td><td>-</td></tr><tr><td>Indonesia</td><td>33,603</td><td>32,185</td><td>23,875</td><td>7,860</td><td>450</td><td>1,418</td><td>1,418</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>22,859</td><td>13,716</td><td>13,424</td><td>-</td><td>292</td><td>9,339</td><td>9,139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>18,578</td><td>17,187</td><td>17,155</td><td>-</td><td>32</td><td>1,391</td><td>1,391</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>919,441</td><td>903,000</td><td>864,482</td><td>35,621</td><td>2,905</td><td>16,428</td><td>16,410</td><td>-</td><td>18</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Philippines</td><td>309,752</td><td>290,938</td><td>270,395</td><td>8,030</td><td>12,297</td><td>18,660</td><td>18,404</td><td>50</td><td>206</td><td>110</td><td>110</td><td>-</td></tr><tr><td>Thailand</td><td>188,206</td><td>184,535</td><td>11,984</td><td>172,264</td><td>287</td><td>3,671</td><td>3,671</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>8,367</td><td>4,589</td><td>4,553</td><td>-</td><td>36</td><td>3,778</td><td>3,764</td><td>12</td><td>2</td><td>426</td><td>426</td><td>-</td></tr><tr><td>Other Asia</td><td>226,383</td><td>187,803</td><td>127,286</td><td>50,640</td><td>9,917</td><td>38,154</td><td>37,431</td><td>91</td><td>632</td><td>426</td><td>426</td><td>-</td></tr><tr><td>Total Asia</td><td>1,962,403</td><td>1,809,148</td><td>1,431,555</td><td>348,322</td><td>29,271</td><td>152,371</td><td>150,659</td><td>735</td><td>977</td><td>884</td><td>884</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>53,866</td><td>50,560</td><td>20,631</td><td>29,550</td><td>379</td><td>3,156</td><td>3,139</td><td>-</td><td>17</td><td>150</td><td>150</td><td>-</td></tr><tr><td>Belgian Congo</td><td>112,506</td><td>111,587</td><td>12,007</td><td>80,190</td><td>18,790</td><td>904</td><td>663</td><td>2</td><td>239</td><td>15</td><td>15</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>44,523</td><td>41,403</td><td>28,055</td><td>16,000</td><td>548</td><td>3,120</td><td>3,090</td><td>30</td><td>3</td><td>110</td><td>78</td><td>32</td></tr><tr><td>Union of South Africa</td><td>39,593</td><td>34,640</td><td>31,238</td><td>25,700</td><td>512</td><td>4,424</td><td>4,413</td><td>6</td><td>4</td><td>252</td><td>252</td><td>1</td></tr><tr><td>Other</td><td>93,403</td><td>71,696</td><td>58,262</td><td>13,100</td><td>10,334</td><td>21,155</td><td>18,470</td><td>908</td><td>1,777</td><td>552</td><td>552</td><td>1</td></tr><tr><td>Total other countries</td><td>341,891</td><td>309,886</td><td>124,183</td><td>155,140</td><td>30,563</td><td>33,178</td><td>30,195</td><td>946</td><td>2,037</td><td>827</td><td>794</td><td>33</td></tr><tr><td>International</td><td>1,794,018</td><td>1,794,018</td><td>92,510</td><td>1,692,197</td><td>49,311</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>11,184,798</td><td>9,381,937</td><td>4,396,172</td><td>4,437,884</td><td>547,921</td><td>1,758,022</td><td>1,433,203</td><td>256,603</td><td>68,216</td><td>44,789</td><td>43,070</td><td>1,719</td></tr></table>
62
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of August 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>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>Corporate and other Stocks</th><th>Foreign securities Bonds</th><th>Foreign securities Stocks</th><th>Total sales</th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>Corporate and other Stocks</th><th>Foreign securities Bonds</th><th>Foreign securities 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><td></td></tr><tr><td>Austria</td><td>8</td><td>10,248</td><td>468</td><td>7</td><td>1</td><td>1</td><td>13</td><td>9,123</td><td>217</td><td>10</td><td>3</td><td>82</td></tr><tr><td>Belgium</td><td>15,607</td><td></td><td>968</td><td>944</td><td>3,536</td><td>411</td><td>18,636</td><td></td><td>1</td><td>5,168</td><td>4,046</td><td></td></tr><tr><td>Czechoslovakia</td><td>19</td><td></td><td>1</td><td>18</td><td></td><td></td><td>10</td><td></td><td></td><td>5</td><td>4</td><td></td></tr><tr><td>Denmark</td><td>1,471</td><td>84</td><td>10</td><td>286</td><td>1,131</td><td></td><td>123</td><td></td><td></td><td>96</td><td>27</td><td></td></tr><tr><td>Finland</td><td>12</td><td></td><td></td><td>7</td><td>5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>France</td><td>3,036</td><td>214</td><td>563</td><td>1,648</td><td>148</td><td>463</td><td>2,108</td><td>279</td><td>255</td><td>877</td><td>414</td><td>285</td></tr><tr><td>Germany</td><td>62</td><td></td><td>12</td><td>41</td><td>2</td><td>7</td><td>115</td><td></td><td>14</td><td>23</td><td></td><td>78</td></tr><tr><td>Greece</td><td>35</td><td></td><td></td><td>35</td><td></td><td></td><td>17</td><td>3</td><td></td><td>14</td><td></td><td></td></tr><tr><td>Italy</td><td>1,920</td><td>1,041</td><td>15</td><td>232</td><td>230</td><td>2</td><td>1,238</td><td>1,044</td><td>15</td><td>82</td><td>83</td><td>14</td></tr><tr><td>Netherlands</td><td>4,060</td><td>615</td><td>732</td><td>1,894</td><td>111</td><td>708</td><td>6,923</td><td>729</td><td>221</td><td>2,606</td><td>509</td><td>2,658</td></tr><tr><td>Norway</td><td>215</td><td>1</td><td>31</td><td>83</td><td>100</td><td></td><td>221</td><td>5</td><td></td><td>133</td><td>60</td><td>23</td></tr><tr><td>Poland</td><td></td><td></td><td>66</td><td>27</td><td>65</td><td>69</td><td>967</td><td></td><td></td><td>7</td><td>960</td><td></td></tr><tr><td>Portugal</td><td>227</td><td></td><td></td><td></td><td>15</td><td></td><td>78</td><td>3</td><td></td><td>63</td><td>10</td><td>2</td></tr><tr><td>Romania</td><td></td><td></td><td>4</td><td>83</td><td>2</td><td></td><td>247</td><td>1</td><td>9</td><td>189</td><td>52</td><td></td></tr><tr><td>Spain</td><td>102</td><td></td><td>2</td><td>10</td><td>2</td><td></td><td>78</td><td></td><td>644</td><td>10,378</td><td>1,327</td><td>895</td></tr><tr><td>Sweden</td><td>14</td><td></td><td>2,152</td><td>14,320</td><td>2,088</td><td>2,048</td><td>14,504</td><td>1,320</td><td>941</td><td>6,683</td><td>3,471</td><td>795</td></tr><tr><td>Switzerland</td><td>22,006</td><td>1,398</td><td>481</td><td>7,745</td><td>2,831</td><td>1,229</td><td>20,573</td><td>8,683</td><td></td><td>163</td><td>21</td><td>19</td></tr><tr><td>U.S.S.R.</td><td>26,159</td><td>13,873</td><td>2</td><td>72</td><td>331</td><td>86</td><td>265</td><td>10</td><td>52</td><td></td><td></td><td>4,849</td></tr><tr><td>United Kingdom</td><td>2</td><td>124</td><td></td><td>1,155</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Turkey</td><td>1,768</td><td></td><td>72</td><td></td><td>311</td><td></td><td>276</td><td>21,200</td><td>2,369</td><td>26,702</td><td>10,987</td><td>13,072</td></tr><tr><td>Other Europe</td><td>76,323</td><td>27,598</td><td>4,611</td><td>28,495</td><td>10,596</td><td>5,023</td><td>66,107</td><td></td><td>6,799</td><td>5,474</td><td>3,021</td><td></td></tr><tr><td>Total Europe</td><td>24,432</td><td>572</td><td>2,090</td><td>5,406</td><td>3,680</td><td>12,684</td><td>32,211</td><td>3,859</td><td></td><td></td><td></td><td></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><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><td></td></tr><tr><td>Argentina</td><td>251</td><td>37</td><td>14</td><td>179</td><td>21</td><td>6</td><td>144</td><td>4</td><td></td><td>129</td><td>1</td><td>10</td></tr><tr><td>Bolivia</td><td>33</td><td></td><td>23</td><td></td><td>4</td><td>16</td><td>19</td><td></td><td>19</td><td></td><td></td><td>15</td></tr><tr><td>Brazil</td><td>641</td><td>4</td><td>46</td><td>230</td><td>391</td><td>52</td><td>270</td><td>7</td><td>29</td><td>198</td><td>100</td><td>105</td></tr><tr><td>Chile</td><td>420</td><td></td><td></td><td>214</td><td>103</td><td>5</td><td>943</td><td></td><td></td><td>27</td><td>913</td><td>3</td></tr><tr><td>Colombia</td><td>1,267</td><td></td><td>816</td><td>329</td><td>52</td><td></td><td>730</td><td>10</td><td>19</td><td>593</td><td>68</td><td>40</td></tr><tr><td>Cuba</td><td>1,649</td><td>214</td><td>238</td><td>85</td><td>29</td><td></td><td>9</td><td></td><td>19</td><td>6</td><td>3</td><td></td></tr><tr><td>Dominican Republic</td><td>114</td><td></td><td>51</td><td>26</td><td></td><td>3</td><td>19</td><td></td><td>69</td><td>669</td><td>42</td><td>265</td></tr><tr><td>Guatemala</td><td>80</td><td></td><td>34</td><td>651</td><td>239</td><td>262</td><td>1,194</td><td>149</td><td></td><td></td><td></td><td></td></tr><tr><td>Mexico</td><td>1,246</td><td>60</td><td>20</td><td>35</td><td>61</td><td>1</td><td>23</td><td>4</td><td>13</td><td>6</td><td>1</td><td>1</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>56</td><td></td><td>179</td><td>19</td><td>19</td><td>20</td><td>78</td><td></td><td>22</td><td>255</td><td>1</td><td>1</td></tr><tr><td>Peru</td><td>241</td><td></td><td>52</td><td>880</td><td>19</td><td></td><td>279</td><td></td><td></td><td>661</td><td>400</td><td>55</td></tr><tr><td>Republic of Panama</td><td>974</td><td></td><td></td><td>19</td><td>2</td><td></td><td></td><td>504</td><td>42</td><td>680</td><td>30</td><td>16</td></tr><tr><td>El Salvador</td><td>21</td><td></td><td>260</td><td>1,063</td><td>296</td><td>91</td><td>1,662</td><td></td><td></td><td>392</td><td>40</td><td>6</td></tr><tr><td>Uruguay</td><td>2,191</td><td>481</td><td>81</td><td>586</td><td>73</td><td>116</td><td>786</td><td>44</td><td></td><td></td><td></td><td></td></tr><tr><td>Venezuela</td><td>908</td><td>52</td><td>53</td><td>320</td><td>64</td><td>40</td><td>482</td><td></td><td></td><td>1,608</td><td>518</td><td></td></tr><tr><td>Other Latin America</td><td>477</td><td></td><td></td><td></td><td></td><td></td><td>6,820</td><td>718</td><td>185</td><td>3,791</td><td></td><td></td></tr><tr><td>Total Latin America</td><td>10,566</td><td>853</td><td>849</td><td>5,322</td><td>2,877</td><td>665</td><td>6,820</td><td>718</td><td>185</td><td>3,791</td><td>1,608</td><td>518</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>101</td><td></td><td>61</td><td>33</td><td>7</td><td></td><td>12</td><td></td><td></td><td>12</td><td></td><td></td></tr><tr><td>Formosa</td><td>85</td><td>18</td><td>85</td><td>294</td><td>22</td><td></td><td>39</td><td></td><td>21</td><td>619</td><td>67</td><td>10</td></tr><tr><td>Hong Kong</td><td>893</td><td></td><td>114</td><td>445</td><td>3</td><td></td><td>717</td><td></td><td></td><td>17</td><td></td><td></td></tr><tr><td>India</td><td>8</td><td></td><td>5</td><td>15</td><td>12</td><td></td><td>17</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Indonesia</td><td>27</td><td></td><td>1</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Iran</td><td>1</td><td></td><td>17</td><td>4</td><td></td><td></td><td>1,478</td><td></td><td></td><td>2</td><td>1,476</td><td></td></tr><tr><td>Israel</td><td>21</td><td></td><td>86</td><td>119</td><td>2</td><td></td><td>8</td><td></td><td></td><td>7</td><td>1</td><td></td></tr><tr><td>Japan</td><td>208</td><td>1</td><td>11</td><td>1</td><td></td><td>24</td><td>12</td><td></td><td></td><td>12</td><td></td><td></td></tr><tr><td>Philippines</td><td>13</td><td></td><td>45</td><td>691</td><td>17</td><td></td><td>17</td><td></td><td></td><td>17</td><td></td><td></td></tr><tr><td>Thailand</td><td>736</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>10</td><td></td></tr><tr><td>Turkey</td><td>10</td><td></td><td></td><td>10</td><td>4</td><td></td><td>38</td><td></td><td></td><td>28</td><td></td><td></td></tr><tr><td>Other Asia</td><td>426</td><td>9</td><td>49</td><td>352</td><td>12</td><td>4</td><td>38</td><td></td><td>21</td><td>38</td><td></td><td>10</td></tr><tr><td>Total Asia</td><td>2,929</td><td>28</td><td>163</td><td>1,123</td><td>1,176</td><td>39</td><td>2,392</td><td>12</td><td>21</td><td>778</td><td>1,571</td><td>10</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>1,220</td><td></td><td>29</td><td>54</td><td>1,130</td><td>7</td><td>31</td><td></td><td></td><td>20</td><td></td><td>14</td></tr><tr><td>Belgian Congo</td><td>7</td><td></td><td>7</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>22</td><td></td><td>18</td><td>85</td><td>5</td><td>4</td><td>38</td><td></td><td>38</td><td>48</td><td></td><td>1</td></tr><tr><td>Union of South Africa</td><td>90</td><td></td><td>53</td><td>506</td><td>153</td><td>160</td><td>582</td><td>20</td><td>162</td><td>803</td><td>57</td><td>6</td></tr><tr><td>Other</td><td>872</td><td></td><td>82</td><td>670</td><td>1,288</td><td>171</td><td>1,169</td><td>20</td><td>165</td><td>909</td><td>57</td><td>18</td></tr><tr><td>Total other countries</td><td>2,211</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>International</td><td>883</td><td>14</td><td>323</td><td>526</td><td>20</td><td></td><td>5,759</td><td>5,000</td><td></td><td>68</td><td>691</td><td></td></tr><tr><td>Grand total</td><td>116,944</td><td>29,065</td><td>8,118</td><td>41,942</td><td>19,637</td><td>18,582</td><td>114,458</td><td>30,805</td><td>9,589</td><td>37,722</td><td>17,935</td><td>18,467</td></tr></table>
November 1955
63
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Balance sheet data of corporations in which the United States Government has a proprietary interest, direct or indirect, and of certain other business-type
activities appeared in the October 1953 "Treasury Bulletin".
Table 4.- Income and Expense for the Twelve Months Ended June 30, 1953
(In thousands of dollars)
<table><tr><th></th><th>Grand total</th><th>Total corporations</th><th>Commodity Credit Corporation</th><th>Banks for cooperatives</th><th>Farm Credit Administration</th><th>Federal Intermediate credit banks</th><th>Production credit corporations</th><th>Federal Crop Insurance Corporation</th><th>Federal Farm Mortgage Corporation</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of commodities and supplies</td><td>1,412,467</td><td>1,220,133</td><td>537,730</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of services</td><td>299,113</td><td>172,142</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rents and royalties</td><td>84,442</td><td>12,060</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest and dividends</td><td>710,721</td><td>278,283</td><td>9,929</td><td>12,549</td><td>21,828</td><td>-</td><td>-</td><td>-</td><td>1,260</td></tr><tr><td>Interest on loans</td><td>56,745</td><td>48,967</td><td>-</td><td>1,039</td><td>1,334</td><td>1,079</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest on public debt obligations</td><td>52,057</td><td>9,649</td><td>6,288</td><td>-</td><td>-</td><td>-</td><td>160</td><td>-</td><td>-</td></tr><tr><td>Interest, other</td><td>112,246</td><td>1,302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>212,590</td><td>96,099</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,187</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>32,048</td><td>32,048</td><td>9</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of fixed assets</td><td>6,604</td><td>77</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of investments</td><td>15,854</td><td>1,420</td><td>12,844</td><td>234</td><td>1</td><td>-</td><td>-</td><td>76</td><td>1,178</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>58,334</td><td>4,540</td><td>-</td><td>1</td><td>21</td><td>94</td><td>-</td><td>-</td><td>5</td></tr><tr><td>Total income</td><td>3,054,280</td><td>1,917,583</td><td>566,795</td><td>13,866</td><td>23,197</td><td>1,172</td><td>21,423</td><td>2,444</td><td>1,515</td></tr><tr><td>Expenses</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities and supplies sold</td><td>1,392,242</td><td>1,191,836</td><td>604,343</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct operating costs</td><td>302,538</td><td>154,518</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense</td><td>232,146</td><td>99,594</td><td>48,478 1/2</td><td>-</td><td>-</td><td>18,006</td><td>-</td><td>-</td><td>13</td></tr><tr><td>On borrowings from the U.S. Treasury</td><td>83,794</td><td>83,873</td><td>2</td><td>4,437</td><td>1,606</td><td>1,423</td><td>6,915</td><td>855</td><td>-</td></tr><tr><td>Other</td><td>161,983</td><td>71,270</td><td>15,909</td><td>2,042</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>8,692</td><td>6,657</td><td>265</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation (not included in cost of sales or direct operating costs)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants, subsidies, and contributions</td><td>167,308</td><td>44,072</td><td>-75</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indirect</td><td>20,579</td><td>20,579</td><td>-</td><td>-</td><td>-</td><td>20,579</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance losses</td><td>75,512</td><td>53,502</td><td>8,718</td><td>-</td><td>363</td><td>230</td><td>7</td><td>81</td><td>-</td></tr><tr><td>Other expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses and charge-offs</td><td>23,734</td><td>3,308</td><td>3,158</td><td>126</td><td>2</td><td>-</td><td>146</td><td>-</td><td>-</td></tr><tr><td>Loans charged off</td><td>20,263</td><td>7,146</td><td>280</td><td>8</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets charged off</td><td>153,759</td><td>364</td><td>-</td><td>-</td><td>-</td><td>269</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of fixed assets</td><td>342</td><td>342</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of investments</td><td>4,551</td><td>42</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct charges to operating reserves</td><td>20,900</td><td>1,410</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>2,657,402</td><td>1,737,914</td><td>681,079</td><td>6,614</td><td>19,978</td><td>1,921</td><td>27,647</td><td>929</td><td>-</td></tr><tr><td>Total expenses</td><td>2,657,402</td><td>1,737,914</td><td>681,079</td><td>6,614</td><td>19,978</td><td>1,921</td><td>27,647</td><td>929</td><td>-</td></tr><tr><td>Net income, or loss (-), before adjustment of valuation and operating reserves</td><td>388,818</td><td>179,669</td><td>-114,283</td><td>7,252</td><td>3,219</td><td>-749</td><td>-6,224</td><td>1,515</td><td>-</td></tr><tr><td>Adjustments for valuation and operating reserves</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reserve for losses on loans</td><td>-132,697</td><td>-59,349</td><td>-60,156</td><td>272</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on acquired security or collateral</td><td>-7,515</td><td>745</td><td>-</td><td>1,307</td><td>1</td><td>-58</td><td>-30</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets</td><td>-73,643</td><td>-73,327</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies</td><td>-428,308</td><td>-428,308</td><td>-428,308</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating reserves</td><td>-40,954</td><td>-171</td><td>-23,877</td><td>8</td><td>-</td><td>-</td><td>-66</td><td>-</td><td>-</td></tr><tr><td>Other reserves</td><td>4,545</td><td>-18,331</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net adjustment of valuation and operating reserves</td><td>-678,652</td><td>-579,422</td><td>-512,421</td><td>1,587</td><td>-57</td><td>-30</td><td>-68</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), after adjustment of valuation and operating reserves</td><td>-289,834</td><td>-399,753</td><td>-626,704</td><td>8,839</td><td>3,162</td><td>-779</td><td>-6,292</td><td>1,515</td><td>-</td></tr><tr><td>Changes in unreserved earned surplus or deficit</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1952</td><td>-2,924,108</td><td>-337,930</td><td>-220,222</td><td>40,831</td><td>28,205</td><td>15,614</td><td>-69,097</td><td>28,871</td><td>-</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953</td><td>-202,378 2/3</td><td>-399,753</td><td>-626,704</td><td>8,839</td><td>3,162</td><td>-779</td><td>-6,292</td><td>1,515</td><td>-</td></tr><tr><td>Transfers to surplus reserves</td><td>-192,581</td><td>-192,581</td><td>-</td><td>-3,160</td><td>-1,615</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Transfers from surplus reserves</td><td>4,353</td><td>3,972</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,500</td><td>-</td></tr><tr><td>Distribution of profits</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To General Fund - deposit of earnings</td><td>-105,328</td><td>-73,828</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-9,000</td><td>-</td></tr><tr><td>Dividends</td><td>52,699</td><td>-782</td><td>-</td><td>-</td><td>-387</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>113,872</td><td>109,988</td><td>109,391</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Prior year adjustments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1953</td><td>-3,639,077</td><td>-890,914</td><td>-737,335</td><td>46,510</td><td>29,365</td><td>18,835</td><td>-75,389</td><td>22,886</td><td>-</td></tr></table>
Footnotes on page 77.
(Continued on following page)
64
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 4.- Income and Expense for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th></th><th colspan="9">Corporations - (Continued)</th></tr><tr><th></th><th>Department of Commerce</th><th>Department of Interior</th><th>Department of Justice</th><th>Department of State</th><th>Export-Import Bank of Washington</th><th></th><th>Federal Deposit Insurance Corporation</th><th>Housing and Home Finance Agency</th><th>Home Loan Bank Board</th></tr><tr><th></th><th>Inland Waterways Corporation</th><th>Virgin Islands Corporation</th><th>Federal Prison Industries, Inc.</th><th>Institute of Inter-American Affairs</th><th>Regular lending activities</th><th>Defense Production Act of 1950 2/</th><th></th><th>Federal home loan banks</th><th>Federal Savings and Loan Insurance Corporation</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of commodities and supplies</td><td>-</td><td>1,876</td><td>21,473</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of services</td><td>11,641</td><td>337</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rents and royalties</td><td>133</td><td>64</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest and dividends:</td><td></td><td></td><td></td><td></td><td>75,800</td><td>11</td><td>-</td><td>17,881</td><td>-</td></tr><tr><td>Interest on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>32,596</td><td>7,940</td><td>4,980</td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>h</td><td>415</td><td>-</td></tr><tr><td>Interest, other</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>58,934</td><td>-</td><td>13,257</td></tr><tr><td>Guaranty and insurance premium</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gains on sale of fixed assets</td><td>-</td><td>1</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>h</td><td>-</td></tr><tr><td>Gains on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>74</td><td>-</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>15</td><td>162</td><td>-</td><td>-</td><td>-</td><td>331</td><td>106</td><td>*</td></tr><tr><td>Total income</td><td>11,829</td><td>2,292</td><td>21,634</td><td>-</td><td>75,801</td><td>11</td><td>91,871</td><td>26,419</td><td>18,238</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities and supplies sold</td><td>-</td><td>1,852</td><td>17,446</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct operating costs</td><td>10,282</td><td>364</td><td>320</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On borrowings from the U. S. Treasury</td><td>-</td><td>87</td><td>-</td><td>-</td><td>22,975</td><td>4</td><td>-</td><td>-</td><td>1,727</td></tr><tr><td>Other</td><td>9</td><td>127</td><td>326</td><td>-8</td><td>1,044</td><td>-</td><td>7,082</td><td>1,693</td><td>424</td></tr><tr><td>Administrative expenses</td><td>452</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation (not included in cost of sales or direct operating costs)</td><td>7</td><td>252</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Grants, subsidies, and contributions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct</td><td>-</td><td>-</td><td>-</td><td>18,249</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indirect</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance losses</td><td>-</td><td>-</td><td>619</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td>465</td><td>277</td></tr><tr><td>Losses and charge-offs:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans charged off</td><td>-</td><td>6</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets charged off</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>73</td><td>-</td></tr><tr><td>Losses on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>42</td><td>-</td><td>-</td></tr><tr><td>Direct charges to operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>10,751</td><td>2,687</td><td>18,710</td><td>18,241</td><td>24,036</td><td>4</td><td>7,164</td><td>16,517</td><td>2,430</td></tr><tr><td>Net income, or loss (-), before adjustment of valuation and operating reserves</td><td>1,078</td><td>-395</td><td>2,924</td><td>-18,241</td><td>51,765</td><td>7</td><td>84,707</td><td>9,902</td><td>15,807</td></tr><tr><td>Adjustments of valuation and operating reserves:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reserve for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-563</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other reserves</td><td>-</td><td>4</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-563</td><td>-</td><td>-</td></tr><tr><td>Net adjustment of valuation and operating reserves</td><td>-</td><td>4</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-)</td><td>1,078</td><td>-391</td><td>2,924</td><td>-18,241</td><td>51,771</td><td>7</td><td>84,144</td><td>9,902</td><td>15,807</td></tr><tr><td>Changes in unreserved earned surplus or deficit:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1952</td><td>-14,834</td><td>-690</td><td>14,938</td><td>-101,342</td><td>-</td><td>*</td><td>-</td><td>11,112</td><td>-</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953</td><td>1,078</td><td>-391</td><td>2,924</td><td>-18,241</td><td>51,771</td><td>7</td><td>84,144</td><td>9,902</td><td>15,807</td></tr><tr><td>Transfers to surplus reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-28,992</td><td>-</td><td>-34,144</td><td>-1,980</td><td>-15,807</td></tr><tr><td>Transfers from surplus reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,472</td><td>-</td></tr><tr><td>Distribution of profits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-4,100</td><td>-</td><td>-22,500</td><td>-</td><td>-</td><td>-6,308</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-395</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>111</td><td>-</td><td>-</td><td>-278</td><td>-</td><td>-</td><td>-8</td><td>-</td></tr><tr><td>Prior year adjustments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1953</td><td>-13,756</td><td>-970</td><td>13,768</td><td>-119,584</td><td>-</td><td>7</td><td>-</td><td>14,794</td><td>-</td></tr></table>
Footnotes on page 77.
(Continued on following page)
November 1955
65
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 4.
Income and Expense for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2"></th><th colspan="2">Housing and Home Finance Agency - (Continued)</th><th colspan="5">Corporations - (Continued)</th><th rowspan="2">Tennessee Valley Authority</th></tr><tr><th>Office of the Administrator</th><th>Public Housing Administration</th><th>Panama Canal Company 1/</th><th>Reconstruction Corporation and certain affiliateds 2/</th><th>In liquidation by Reconstruction Finance Corporation 2/</th><th>Tennessee Valley Authority</th></tr><tr><td></td><td colspan="2">Federal National Mortgage Association</td><td>Regular lending activities 10/</td><td>Assets held for the U.S. Treasury 11/</td><td>Defense Production Act of 1950 12/</td><td>Defense Home Corporation</td><td>Smaller war Plante Corporation</td><td></td></tr><tr><th>Income:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of commodities and supplies</td><td>-</td><td>-</td><td>28,294</td><td>-</td><td>610,736</td><td>-</td><td>-</td><td>20,025</td></tr><tr><td>Sale of services</td><td>-</td><td>-</td><td>58,203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>131,562</td></tr><tr><td>Rents and royalties</td><td>-</td><td>1,734</td><td>2,158</td><td>-</td><td>7,349</td><td>-</td><td>-</td><td>572</td></tr><tr><th>Interest and dividends:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on loans</td><td>90,692</td><td>18,238</td><td>*</td><td>25,706</td><td>-</td><td>4,360</td><td>-</td><td>69</td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td></tr><tr><td>Dividends, other</td><td>237</td><td>-</td><td>-</td><td>-</td><td>2,497</td><td>-</td><td>-</td><td>12</td></tr><tr><td>Guaranty and insurance premium</td><td>1,945</td><td>-</td><td>-</td><td>1,302</td><td>776</td><td>-</td><td>-</td><td>*</td></tr><tr><th>Other income:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gains on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>32,034</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>5</td><td>2,055</td><td>18,862</td><td>5,446</td><td>2,057</td><td>39</td><td>347</td><td>2,831</td></tr><tr><th>Total income</th><td>92,839</td><td>22,027</td><td>107,516</td><td>33,231</td><td>624,573</td><td>4,400</td><td>347</td><td>125,402</td></tr><tr><th>Expense:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities and supplies sold</td><td>-</td><td>-</td><td>23,774</td><td>-</td><td>527,764</td><td>-</td><td>-</td><td>15,658</td></tr><tr><td>Direct operating costs</td><td>-</td><td>613</td><td>58,256</td><td>-</td><td>-</td><td>-</td><td>-</td><td>58,684</td></tr><tr><th>Interest expense:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On borrowings from the U.S. Treasury</td><td>-</td><td>14,294</td><td>5,485 13/</td><td>3,409</td><td>-</td><td>2,380</td><td>-</td><td>675</td></tr><tr><td>Other</td><td>44,303</td><td>-</td><td>-</td><td>2,216</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>3,671</td><td>8,158</td><td>2,745</td><td>10,980</td><td>3,290</td><td>728</td><td>-</td><td>1,730</td></tr><tr><td>Depreciation (not included in cost of sale or direct operating costs)</td><td>-</td><td>3,324</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Grants, subsidies, and contributions:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct</td><td>-</td><td>25,881</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>2,807</td></tr><tr><td>Indirect</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other expenses</td><td>11,069</td><td>1,765</td><td>11,460</td><td>381</td><td>10,766</td><td>28</td><td>-</td><td>7,226</td></tr><tr><th>Losses and charge-offs:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans charged off</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td></tr><tr><td>Other assets charged off</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,700</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of fixed assets</td><td>-</td><td>364</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct charges to operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>3</td><td>293</td><td>-</td><td>1,106</td><td>-</td><td>6</td><td>-</td></tr><tr><th>Total expense</th><td>59,055</td><td>54,392</td><td>102,014</td><td>17,065</td><td>549,643</td><td>3,136</td><td>-</td><td>118</td></tr><tr><th>Net income, or loss (-), before adjustment of valuation and operating reserves</th><td>33,784</td><td>-32,365</td><td>5,502</td><td>16,166</td><td>105,030</td><td>1,264</td><td>347</td><td>11,682 14/</td></tr><tr><th>Adjustments of valuation and operating reserves:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reserve for losses on loans</td><td>-</td><td>-119</td><td>-</td><td>2,085</td><td>-</td><td>-1,520</td><td>-</td><td>83</td></tr><tr><td>Reserve for losses on acquired security or collateral</td><td>-</td><td>-206</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-73,037</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating reserves</td><td>-</td><td>-169</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other reserves</td><td>-</td><td>-28</td><td>-</td><td>-</td><td>5,032</td><td>-</td><td>*</td><td>-</td></tr><tr><th>Net adjustment of valuation and operating reserves</th><td>-</td><td>-522</td><td>-</td><td>2,085</td><td>-68,006</td><td>-1,520</td><td>-</td><td>83</td></tr><tr><th>Net income, or loss (-)</th><td>33,784</td><td>-32,887</td><td>5,502</td><td>18,251</td><td>37,024</td><td>-257</td><td>347</td><td>120</td></tr><tr><th>Changes in unreserved earned surplus or deficit:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1952</td><td>31,984</td><td>-112,694</td><td>64,373</td><td>250,000</td><td>-337,639</td><td>-1,168</td><td>3,580</td><td>-36,864</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953</td><td>33,784</td><td>-32,887</td><td>5,502</td><td>18,251</td><td>37,024</td><td>-257</td><td>347</td><td>120</td></tr><tr><td>Transfers to surplus reserves</td><td>-33,683</td><td>-</td><td>-</td><td>-23,200</td><td>-</td><td>-</td><td>-</td><td>11,682 15/</td></tr><tr><th>Transfers from surplus reserves</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><th>Distribution of profits:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-31,920</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-29</td><td>365</td><td>243</td><td>190</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><th>Prior year adjustments</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1953</td><td>-</td><td>-145,171</td><td>70,118</td><td>245,241</td><td>-300,615</td><td>-1,421</td><td>3,868</td><td>-36,744</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>78,385</td></tr></table>
Footnotes on page 77.
(Continued on following page)
66
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 4.- Income and Expense for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2"></th><th rowspan="2">Total certain other business-type activities 15/</th><th colspan="3">Department of Agriculture</th><th colspan="2">Department of Commerce</th><th colspan="3">Department of Health, Education, and Welfare</th><th colspan="2">Department of the Interior</th></tr><tr><th>Farm Credit Administration Agricultural Marketing Act</th><th>Farmer's Home Administration</th><th>Disaster Loans, etc. 16/</th><th>Rural Electrification Administration</th><th>Federal Maritime Board and Maritime Administration 2/</th><th>Office of Education</th><th>Loans to students 17/</th><th>Indian loans</th><th>Puerto Rico Reconstruction Administration</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>40</td></tr><tr><td>Sale of commodities and supplies</td><td>192,334</td><td>-</td><td>-</td><td>-</td><td>-</td><td>124,935</td><td>-</td><td>-</td><td>-</td><td>-</td><td>177</td></tr><tr><td>Sale of services</td><td>126,971</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,042</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rents and royalties</td><td>72,382</td><td>-</td><td>91</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest and dividends:</td><td></td><td>24</td><td>24,223</td><td>1,248</td><td>38,407</td><td>-</td><td>19</td><td>80</td><td>-</td><td>-</td><td>121</td></tr><tr><td>Interest on loans</td><td>432,438</td><td>24</td><td>25</td><td>1,248</td><td>38,407</td><td>-</td><td>19</td><td>80</td><td>-</td><td>-</td><td>121</td></tr><tr><td>Interest on public debt obligations</td><td>7,777</td><td>-</td><td>47</td><td>-</td><td>-</td><td>13,904</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest, other</td><td>42,408</td><td>-</td><td>47</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>110,944</td><td>-</td><td>623</td><td>-</td><td>-</td><td>90</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>116,491</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 Income:</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>Gains on sale of fixed assets</td><td>6,528</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,528</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of investments</td><td>15,435</td><td>252</td><td>93</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>12,930</td><td>-</td><td>273</td><td>1</td><td>2</td><td>6,314</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>1,136,637</td><td>276</td><td>25,375</td><td>1,252</td><td>38,409</td><td>157,413</td><td>19</td><td>80</td><td>-</td><td>-</td><td>382</td></tr><tr><td>Expenses:</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>Cost of commodities and supplies sold</td><td>197,406</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</td></tr><tr><td>Direct operating costs</td><td>148,019</td><td>-</td><td>-</td><td>-</td><td>-</td><td>102,153</td><td>-</td><td>-</td><td>-</td><td>-</td><td>409</td></tr><tr><td>Interest expense:</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>On borrowings from the U.S. Treasury</td><td>132,551</td><td>-</td><td>1,962</td><td>-</td><td>35,938</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>521</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>90,733</td><td>-</td><td>29,163</td><td>1,935</td><td>7,870</td><td>8,567</td><td>-</td><td>-</td><td>-</td><td>-</td><td>205</td></tr><tr><td>Depreciation (not included in cost of sales or direct operating costs)</td><td>2,035</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants, subsidies, and contributions:</td><td></td><td>243</td><td>79</td><td>-</td><td>-</td><td>113,176</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct</td><td>123,237</td><td>243</td><td>79</td><td>-</td><td>-</td><td>113,176</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indirect</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>Guaranty and insurance losses</td><td>-</td><td>-</td><td>17</td><td>*</td><td>-</td><td>1,446</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other expenses</td><td>22,010</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses and charge-offs:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-</td></tr><tr><td>Loans charged off</td><td>20,436</td><td>-243</td><td>20,049</td><td>181</td><td>-</td><td>-</td><td>3</td><td>20</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets charged off</td><td>13,117</td><td>748</td><td>12,156</td><td>95</td><td>23</td><td>110</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,014</td></tr><tr><td>Losses on sale of fixed assets</td><td>153,395</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of investments</td><td>-</td><td>-</td><td>44</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of acquired security or collateral</td><td>4,530</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct charges to operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19,387</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>19,459</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 expense</td><td>927,458</td><td>748</td><td>63,475</td><td>2,212</td><td>43,831</td><td>244,870</td><td>3</td><td>20</td><td>-</td><td>-</td><td>1,564</td></tr><tr><td>Net income, or loss (-), before adjustment of valuation and operating reserves</td><td>209,149</td><td>-472</td><td>-38,100</td><td>-959</td><td>-5,422</td><td>-87,457</td><td>16</td><td>60</td><td>-</td><td>-</td><td>-1,282</td></tr><tr><td>Adjustments of valuation and operating reserves:</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>Reserve for losses on loans</td><td>-73,347</td><td>-</td><td>-71,883</td><td>-4,127</td><td>-647</td><td>-</td><td>-</td><td>-9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on acquired security or collateral</td><td>-8,260</td><td>*</td><td>270</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets</td><td>-316</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies</td><td>-40,783</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating reserves</td><td>23,475</td><td>748</td><td>28,203</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other reserves</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>Net adjustment of valuation and operating reserves</td><td>-99,230</td><td>748</td><td>-43,111</td><td>-4,116</td><td>-647</td><td>-</td><td>-</td><td>-9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-)</td><td>109,918</td><td>276</td><td>-81,511</td><td>-5,075</td><td>-6,069</td><td>-87,457</td><td>16</td><td>51</td><td>-</td><td>-</td><td>-1,282</td></tr><tr><td>Changes in unreserved earned surplus or deficit:</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>Unreserved earned surplus, or deficit (-), June 30, 1952</td><td>-256,179</td><td>-315,572</td><td>-23,846</td><td>-6,888</td><td>-23,512</td><td>18/</td><td>-229</td><td>-1,873</td><td>-</td><td>-</td><td>-58,179</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953</td><td>197,375</td><td>276</td><td>-81,511</td><td>-5,075</td><td>-6,069</td><td>-</td><td>16</td><td>51</td><td>-</td><td>-</td><td>-1,282</td></tr><tr><td>Transfers to surplus reserves</td><td>382</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Transfers from surplus reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of profits:</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>To General Fund - deposit of earnings</td><td>-305,506</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-19</td><td>-1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-31,500</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</td><td>53,481</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Prior year adjustments</td><td>3,884</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1953</td><td>-274,163</td><td>-315,295</td><td>-105,349</td><td>-11,963</td><td>-29,581</td><td>-</td><td>-233</td><td>-1,823</td><td>-</td><td>-</td><td>-53,461</td></tr></table>
Footnotes on page 77.
(Continued on following page)
November 1955
67
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 4.- Income and Expense for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th colspan="8">Certain other business-type activities - (Continued)</th></tr><tr><th></th><th>Department of the Navy</th><th>Department of the Treasury</th><th>General Service Administration</th><th>Federal Housing Administration</th><th>Housing and Home Finance Agency</th><th colspan="3">Office of the Administrator</th></tr><tr><th></th><th>Guaranteed loans (World War II)</th><th>Miscellaneous loans and certain other assets</th><th>Public Works Administration (in liquidation)</th><th></th><th>Home Loan Bank Board<br>HOLC liquidation unit</th><th>Alaska housing program</th><th>Community facilities service</th><th>Housing loans for educational institutions</th><th>Investment in Federal National Mortgage Association</th></tr><tr><th>Income:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of commodities and supplies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rents and royalties</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>196</td><td>-</td><td>-</td></tr><tr><th>Interest and dividends:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on loans</td><td>-</td><td>277,014</td><td>2,168</td><td>19</td><td>-</td><td>266</td><td>45</td><td>178</td><td>44,303</td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>-</td><td>-</td><td>7,752</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest, other</td><td>-</td><td>24,265</td><td>-</td><td>2,563</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>79,021</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31,920</td></tr><tr><th>Guaranty and insurance premiums</th><td>-</td><td>-</td><td>-</td><td>107,534</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Other income:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gains on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Total income</th><td>-</td><td>380,300</td><td>2,168</td><td>117,872</td><td>-</td><td>266</td><td>241</td><td>178</td><td>76,223</td></tr><tr><th>Expense:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><th>Cost of commodities and supplies sold</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Direct operating costs</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Interest expense:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On borrowings from the U.S. Treasury</td><td>-</td><td>-</td><td>-</td><td>19,869</td><td>19</td><td>-</td><td>-</td><td>129</td><td>44,723</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>506</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Administrative expenses</th><td>-</td><td>-</td><td>-</td><td>31,371</td><td>19</td><td>-</td><td>262</td><td>-</td><td>-</td></tr><tr><th>Depreciation (not included in cost of sales or direct operating costs)</th><td>-</td><td>-</td><td>-</td><td>141</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Grants, subsidies, and contributions:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,921</td><td>-</td><td>-</td></tr><tr><td>Indirect</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Guaranty and insurance losses</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Other expenses</th><td>-</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><th>Loans and charge-offs:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans charged off</td><td>439</td><td>*</td><td>8</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td><td>-</td></tr><tr><td>Other assets charged off</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loans on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>1,334</td><td>-</td><td>-</td></tr><tr><td>Loans on sale of investments</td><td>-</td><td>-</td><td>-</td><td>4,458</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loans on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct charges to operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Total expense</th><td>439</td><td>*</td><td>8</td><td>56,225</td><td>19</td><td>-</td><td>3,752</td><td>129</td><td>44,723</td></tr><tr><th>Net income, or loss (-), before adjustment of valuation and operating reserves</th><td>-439</td><td>380,299</td><td>2,160</td><td>61,647</td><td>-19</td><td>266</td><td>-3,311</td><td>49</td><td>31,500</td></tr><tr><th>Adjustments of valuation and operating reserves:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reserve for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-83</td><td>-</td><td>-123</td><td>-</td><td>-36</td><td>-</td></tr><tr><td>Reserve for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-8,530</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating reserves</td><td>-</td><td>-</td><td>-</td><td>-34,119</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><th>Net adjustment of valuation and operating reserves</th><td>-</td><td>-</td><td>-</td><td>-42,732</td><td>-</td><td>-123</td><td>-</td><td>-37</td><td>-</td></tr><tr><th>Net income, or loss (-)</th><td>-439</td><td>380,299</td><td>2,160</td><td>18,915</td><td>-19</td><td>143</td><td>-3,311</td><td>12</td><td>31,500</td></tr><tr><th>Changes in unreserved earned surplus or deficit:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1952</td><td>-1,030</td><td>-</td><td>-1,585,827</td><td>136,382</td><td>50</td><td>8</td><td>-4,827</td><td>1</td><td>-</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953</td><td>-439</td><td>380,299</td><td>2,160</td><td>18,915</td><td>-19</td><td>143</td><td>-3,311</td><td>12</td><td>31,500</td></tr><tr><th>Transfers to surplus reserves</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>382</td><td>-</td><td>-</td></tr><tr><th>Transfers from surplus reserves</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Distribution of profits</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>To General Fund - deposit of earnings</th><td>-</td><td>-380,300</td><td>-2,170</td><td>-</td><td>-</td><td>-</td><td>-912</td><td>-</td><td>-31,500</td></tr><tr><th>Dividends</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Other</th><td>1,470 20/</td><td>*</td><td>-</td><td>-9,000</td><td>-</td><td>-</td><td>26</td><td>-</td><td>-</td></tr><tr><th>Prior year adjustments</th><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th>Unreserved earned surplus, or deficit (-), June 30, 1953</th><td>-</td><td>-</td><td>-1,585,837</td><td>146,298</td><td>31</td><td>151</td><td>-8,542</td><td>13</td><td>-</td></tr></table>
Footnotes on page 77.
(Continued on following page)
68
Treasury Bulleti.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 4.- Income and Expense for the Twelve Months Ended June 30, 1953 - (Continued) (In thousands of dollars)
<table><tr><th colspan="9">Certain other business-type activities - (Continued)</th></tr><tr><th></th><th colspan="4">Housing and Home Finance Agency - (Continued)</th><th>Mutual Security Agency</th><th>Veterans' Administration</th></tr><tr><th></th><th>Office of the Administrator - (Continued) 21/</th><th>Public Housing Administration</th><th></th><th></th><th></th><th></th></tr><tr><th></th><th>Prefabricated housing loans program</th><th>Slum clearance program</th><th>Farm Security Administration program</th><th>Home conversion program</th><th>Public war housing program</th><th>Veterans' re-use housing program</th><th>Guaranty program</th><th>Loan program</th><th>Guaranteed loans to veterans</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of commodities and supplies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rents and royalties</td><td>-</td><td>-</td><td>611</td><td>-</td><td>60,393</td><td>2,401</td><td>-</td><td>-</td><td>185</td></tr><tr><td>Interest and dividends:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on loans</td><td>500</td><td>396</td><td>209</td><td>-</td><td>686</td><td>-</td><td>-</td><td>33,966</td><td>1,708</td></tr><tr><td>Interest on public debt obligations</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest, other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>283</td><td>-</td><td>-</td></tr><tr><td>Other income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gains on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15,082</td></tr><tr><td>Other</td><td>157</td><td>-</td><td>5</td><td>-</td><td>97</td><td>8</td><td>1,742</td><td>-</td><td>22</td></tr><tr><td>Total income</td><td>665</td><td>396</td><td>825</td><td>-</td><td>61,177</td><td>2,409</td><td>2,025</td><td>33,966</td><td>16,996</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities and supplies sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct operating costs</td><td>-</td><td>-</td><td>493</td><td>-</td><td>25,565</td><td>619</td><td>-</td><td>-</td><td>500</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On borrowings from the U. S. Treasury</td><td>224</td><td>312</td><td>-</td><td>-</td><td>-</td><td>-</td><td>53</td><td>21,998</td><td>-</td></tr><tr><td>Other</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>229</td><td>-</td><td>120</td><td>-</td><td>3,211</td><td>165</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation (not included in cost of sales or direct operating costs)</td><td>-</td><td>-</td><td>118</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants, subsidies, and contributions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct</td><td>-</td><td>7,818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indirect</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other expenses</td><td>13</td><td>-</td><td>8</td><td>-</td><td>350</td><td>-</td><td>3,117</td><td>-</td><td>14,599</td></tr><tr><td>Losses and charge-offs:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans charged off</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets charged off</td><td>-</td><td>-</td><td>4,112</td><td>-</td><td>75</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>138,423</td><td>8,332</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Losses on sale of acquired security or collateral</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td></tr><tr><td>Direct charges to operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>52</td><td>-</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expenses</td><td>475</td><td>8,130</td><td>4,896</td><td>-</td><td>167,669</td><td>9,125</td><td>3,171</td><td>21,998</td><td>15,104</td></tr><tr><td>Net income, or loss (-), before adjustment of valuation and operating reserves</td><td>190</td><td>-7,734</td><td>4,070</td><td>-</td><td>-106,492</td><td>-6,716</td><td>-1,145</td><td>11,927</td><td>1,892</td></tr><tr><td>Adjustments of valuation and operating reserves:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reserve for losses on loans</td><td>4,373</td><td>-637</td><td>-</td><td>-</td><td>-182</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-316</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other reserves</td><td>-4,592</td><td>-18</td><td>4</td><td>-</td><td>-30</td><td>79</td><td>-</td><td>-</td><td>-524</td></tr><tr><td>Net adjustment of valuation and operating reserves</td><td>-213</td><td>-655</td><td>-316</td><td>-</td><td>-212</td><td>79</td><td>-</td><td>-</td><td>-524</td></tr><tr><td>Net income, or loss (-)</td><td>-23</td><td>-8,388</td><td>4,386</td><td>-</td><td>-106,704</td><td>-6,637</td><td>-1,145</td><td>11,927</td><td>1,368</td></tr><tr><td>Changes in unreserved earned surplus or deficit:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1952</td><td>-7,907</td><td>-169</td><td>-24,922</td><td>-61,011</td><td>-102,477</td><td>-425,314</td><td>-2,485</td><td>-60,488</td><td>-11,019</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953</td><td>-23</td><td>-8,388</td><td>4,386</td><td>-</td><td>-106,704</td><td>-6,637</td><td>-1,145</td><td>11,927</td><td>1,368</td></tr><tr><td>Transfers to surplus reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Transfers from surplus reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of profits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,205</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>61,011.20</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>3,404</td><td>-9</td><td>25</td><td>-</td><td>462</td><td>-1,381</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Prior year adjustment</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1953</td><td>-4,526</td><td>-8,567</td><td>-29,284</td><td>-</td><td>-208,719</td><td>-433,335</td><td>-3,630</td><td>-50,765</td><td>-9,651</td></tr></table>
Footnotes on page 77.
(Continued on following page)
November 1955
69
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 4.- Income and Expense for the Twelve Months Ended June 30, 1953 - (Continued) (In thousands of dollars)
<table><tr><th colspan="2">Certain other business-type activities - (Continued)</th><th colspan="7">Defense Production Act of 1950, as amended</th></tr><tr><th></th><th>Veterans' Administration - (Continued)</th><th>Veterans' Veterans' direct loan program</th><th>Atomic Energy Commission</th><th>Defense Materials Procurement Agency</th><th>Department of the Air Force</th><th>Department of the Army</th><th>Department of Commerce</th><th>Department of the Interior</th><th>Department of the Navy</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of commodities and supplies.</td><td>25,018</td><td>-</td><td>-</td><td>167,276</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of services.</td><td>2,036</td><td>-</td><td>-</td><td>2,286</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rents and royalties.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest and dividends:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on loans.</td><td>-</td><td>6,372</td><td>-</td><td>-</td><td>-</td><td>214</td><td>-</td><td>-</td><td>315</td></tr><tr><td>Interest on public debt obligations.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest, other.</td><td>-</td><td>1</td><td>-</td><td>2,017</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends.</td><td>-</td><td>-</td><td>7</td><td>1,201</td><td>2,675</td><td>1,988</td><td>1</td><td>-</td><td>2,088</td></tr><tr><td>Guaranty and insurance premiums.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gains on sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of investments.</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gains on sale of acquired security or collateral</td><td>-</td><td>10</td><td>-</td><td>4,155</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>96</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>27,151</td><td>6,390</td><td>7</td><td>176,935</td><td>2,675</td><td>2,201</td><td>1</td><td>-</td><td>2,403</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities and supplies sold.</td><td>19,370</td><td>-</td><td>-</td><td>178,001</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct operating costs.</td><td>5,334</td><td>349</td><td>-</td><td>12,598</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On borrowings from the U. S. Treasury.</td><td>-</td><td>3,245</td><td>-</td><td>3,978</td><td>-</td><td>-</td><td>-</td><td>120</td><td>-</td></tr><tr><td>Other.</td><td>1,097</td><td>-</td><td>2</td><td>4,518</td><td>178</td><td>283</td><td>-</td><td>1,500</td><td>155</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation (not included in cost of sales or direct operating costs).</td><td>339</td><td>-</td><td>-</td><td>1,428</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants, subsidies, and contributions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indirect.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance losses.</td><td>-</td><td>-</td><td>-</td><td>2,452</td><td>-</td><td>-</td><td>1</td><td>-</td><td>*</td></tr><tr><td>Other expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loanses and charge-offs:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans charged off.</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets charged off.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loanses on sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loanses on sale of investments.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loanses on sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Direct charge to operating reserves.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>26,156</td><td>3,594</td><td>2</td><td>203,013</td><td>178</td><td>283</td><td>1</td><td>1,620</td><td>155</td></tr><tr><td>Net income, or loss (-), before adjustment of valuation and operating reserves.</td><td>995</td><td>2,796</td><td>5</td><td>-26,078</td><td>2,497</td><td>1,913</td><td>*</td><td>-1,620</td><td>2,248</td></tr><tr><td>Adjustments of valuation and operating reserves:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reserve for loans on loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for loans on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserve for losses on commodities and supplies.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,497</td><td>-1,913</td><td>-</td><td>-</td><td>-2,248</td></tr><tr><td>Operating reserves.</td><td>-</td><td>-</td><td>-</td><td>-400</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other reserves.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net adjustment of valuation and operating reserves.</td><td>-</td><td>-</td><td>-</td><td>-400</td><td>-2,497</td><td>-1,913</td><td>-</td><td>-</td><td>-2,248</td></tr><tr><td>Net income, or loss (-).</td><td>995</td><td>2,796</td><td>5</td><td>-26,478</td><td>-</td><td>-</td><td>*</td><td>-1,620</td><td>-</td></tr><tr><td>Changes in unreserved earned surplus or deficit:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unreserved earned surplus, or deficit (-).</td><td>4,344</td><td>1,552</td><td>2</td><td>-16,935r</td><td>-</td><td>-</td><td>6</td><td>-13</td><td>-</td></tr><tr><td>June 30, 1952.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the twelve months ended June 30, 1953.</td><td>995</td><td>2,796</td><td>5</td><td>-26,478</td><td>-</td><td>-</td><td>*</td><td>-1,620</td><td>-</td></tr><tr><td>Transfers to surplus reserves.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Transfers from surplus reserves.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of profits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To General Fund - deposit of earnings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>1,351</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Prior year adjustments.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unreserved earned surplus, or deficit (-), June 30, 1953.</td><td>5,339</td><td>4,349</td><td>7</td><td>-42,062</td><td>-</td><td>-</td><td>5</td><td>-1,633</td><td>-</td></tr></table>
70
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the Twelve Months Ended June 30, 1953
(In thousands of dollars)
<table><tr><th></th><th>Grand total</th><th colspan="6">Corporations Department of Agriculture</th></tr><tr><th></th><th>Total Corporations</th><th>Commodity Credit Corporation</th><th>Farm Credit cooperatives</th><th>Federal Intermediate credit banks</th><th>Federal Production credit corporations</th><th>Federal Crop Insurance Corporation</th><th>Federal Farm Mortgage Corporation</th></tr><tr><td>Funds applied:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>76</td></tr><tr><td>Loans made</td><td>17,637,082</td><td>7,473,160</td><td>2,164,630</td><td>510,427</td><td>1,906,139</td><td>-</td><td>-</td></tr><tr><td>Purchase of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>-</td></tr><tr><td>Public debt obligations</td><td>1,449,815</td><td>1,367,070</td><td>-</td><td>4,980</td><td>190,093</td><td>7,465</td><td>-</td></tr><tr><td>Other securities</td><td>110,520</td><td>110,499</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td></tr><tr><td>Purchases, construction, or improvement of fixed assets</td><td>421,628</td><td>230,473</td><td>1,109</td><td>42</td><td>58</td><td>30</td><td>-</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>55,098</td><td>536</td><td>-</td><td>522</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>1,005,339</td><td>983,569</td><td>977,904 22/</td><td>-</td><td>-</td><td>-</td><td>14</td></tr><tr><td>Total acquisition of assets</td><td>20,682,483</td><td>10,165,307</td><td>3,143,642</td><td>515,970</td><td>2,096,291</td><td>7,515</td><td>87</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>1,908,338</td><td>1,168,815</td><td>73,312</td><td>6,479</td><td>19,975</td><td>1,653</td><td>27,647</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>929</td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury:</td><td>2,755,035</td><td>1,347,005</td><td>380,597 23/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>196,736</td><td>193,403</td><td>193,403</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>118,397</td><td>107,370</td><td>-</td><td>89,597</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To the public</td><td>1,882,755</td><td>1,859,682</td><td>1,578</td><td>161,018</td><td>1,167,825</td><td>-</td><td>87</td></tr><tr><td>Repayment of capital and surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury</td><td>282,956</td><td>138,100</td><td>-</td><td>-</td><td>1,825</td><td>275</td><td>3</td></tr><tr><td>To others</td><td>75,731</td><td>12,232</td><td>-</td><td>10,586</td><td>-</td><td>-</td><td>1,052</td></tr><tr><td>To General Fund - deposit of earnings</td><td>385,608</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>125,636</td><td>86,122</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9,000</td></tr><tr><td>Other distribution of surplus</td><td>790</td><td>790</td><td>-</td><td>-</td><td>387</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>5,833,745</td><td>3,744,710</td><td>575,578</td><td>261,141</td><td>1,170,037</td><td>275</td><td>1,055</td></tr><tr><td>To increase in working capital and deferred items</td><td>301,258</td><td>233,374</td><td>-</td><td>-</td><td>3,503</td><td>54</td><td>308</td></tr><tr><td>Other funds applied</td><td>12,974</td><td>8,338</td><td>-</td><td>-</td><td>-</td><td>-</td><td>121</td></tr><tr><td>Total funds applied</td><td>28,728,797</td><td>15,320,544</td><td>3,792,533</td><td>783,590</td><td>3,289,805</td><td>9,497</td><td>10,223</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans:</td><td>11,824,712</td><td>5,212,021</td><td>519,406</td><td>528,691</td><td>1,979,232</td><td>-</td><td>7,744</td></tr><tr><td>By cash</td><td>196,736</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of corporation notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments:</td><td>1,224,958</td><td>1,199,913</td><td>-</td><td>4,991</td><td>187,328</td><td>5,097</td><td>-</td></tr><tr><td>Capital of Government corporations</td><td>116,299</td><td>107,156</td><td>-</td><td>-</td><td>-</td><td>3,218</td><td>-</td></tr><tr><td>Other securities</td><td>36,993</td><td>30,613</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>25,137</td><td>13,402</td><td>-</td><td>4,424</td><td>-</td><td>-</td><td>1,215</td></tr><tr><td>Sale of acquired security or collateral</td><td>569,386</td><td>568,464</td><td>527,591 24/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>13,994,262</td><td>7,131,574</td><td>1,047,124</td><td>538,105</td><td>2,166,560</td><td>8,315</td><td>8,959</td></tr><tr><td>By income</td><td>2,562,937</td><td>1,432,960</td><td>29,033</td><td>13,661</td><td>23,076</td><td>1,131</td><td>21,423</td></tr><tr><td>By borrowings, capital and surplus subscriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,264</td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U. S. Treasury</td><td>5,512,824</td><td>3,343,542</td><td>2,216,000 23/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From other Government corporations and agencies</td><td>495,336</td><td>438,419</td><td>-</td><td>58,436</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From the public</td><td>1,909,116</td><td>1,778,652</td><td>1,534</td><td>161,098</td><td>1,098,920</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subscriptions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By U. S. Treasury</td><td>3,053</td><td>3,050</td><td>-</td><td>-</td><td>1,650</td><td>-</td><td>-</td></tr><tr><td>By others</td><td>132,831</td><td>117,857</td><td>-</td><td>10,415</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U. S. Treasury</td><td>3,383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General Fund appropriations - expended</td><td>3,307,776</td><td>490,521</td><td>109,391 25/</td><td>-</td><td>-</td><td>7,587</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus subscriptions, and appropriations</td><td>11,263,377</td><td>6,218,041</td><td>2,326,926</td><td>229,949</td><td>1,100,170</td><td>-</td><td>7,587</td></tr><tr><td>By decrease in working capital and deferred items</td><td>906,631</td><td>537,417</td><td>389,450</td><td>1,875</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other funds provided</td><td>1,259</td><td>222</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided</td><td>28,728,797</td><td>15,320,544</td><td>3,792,533</td><td>783,590</td><td>3,289,805</td><td>9,497</td><td>23,010</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>10,223</td></tr></table>
Footnotes on page 77.
(Continued on following page)
November 1955
71
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th></th><th>Department of Commerce</th><th>Department of Interior</th><th>Department of Justice</th><th>Department of State</th><th>Export-Import Bank of Washington</th><th>Federal Deposit Insurance Corporation</th><th>Home Loan Bank Board</th><th>Housing and Home Finance Agency</th></tr><tr><th></th><th>Inland Waterways Corporation</th><th>Virgin Islands Corporation</th><th>Federal Prison Industries, Inc.</th><th>Institute of Inter-American Affairs</th><th>Regular landing activities</th><th>Defense Production Act of 1950 1/</th><th>Federal home loan banks</th><th>Federal Savings and Loan Insurance Corporation</th></tr><tr><td>Funds applied:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>27</td><td>-</td><td>-</td><td>515,932</td><td>338</td><td>-</td><td>646,942</td></tr><tr><td>Purchase of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>214,614</td><td>904,797</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>110,479</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>2,389</td><td>1,217</td><td>476</td><td>-</td><td>9</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,659</td><td>-</td></tr><tr><td>Other</td><td>2,389</td><td>1,216</td><td>476</td><td>-</td><td>515,941</td><td>338</td><td>220,272</td><td>1,662,218</td></tr><tr><td>Total acquisition of assets</td><td>2,389</td><td>1,216</td><td>476</td><td>-</td><td>515,941</td><td>338</td><td>220,272</td><td>1,662,218</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>9,849</td><td>2,522</td><td>18,376</td><td>18,241</td><td>24,306</td><td>4</td><td>83,590</td><td>16,444</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>-</td><td>-</td><td>-</td><td>269,200</td><td>34</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>529,175</td><td>-</td></tr><tr><td>Repayment of capital and surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>648</td></tr><tr><td>To others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8,768</td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>4,100</td><td>-</td><td>22,500</td><td>-</td><td>-</td><td>6,308</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>403</td><td>-</td></tr><tr><td>Other distribution of surplus</td><td>-</td><td>-</td><td>4,100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>-</td><td>304</td><td>4,100</td><td>291,700</td><td>34</td><td>-</td><td>536,535</td><td>8,768</td></tr><tr><td>To increase in working capital and deferred items</td><td>-</td><td>-</td><td>-</td><td>2,155</td><td>3,043</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other funds applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,236</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied</td><td>12,237</td><td>4,072</td><td>22,953</td><td>20,399</td><td>841,826</td><td>382</td><td>303,862</td><td>2,215,197</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>81</td><td>84</td><td>-</td><td>357,825</td><td>29</td><td>-</td><td>581,395</td><td>-</td></tr><tr><td>By cancellation of corporation notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>128,100</td><td>837,756</td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>36,640</td></tr><tr><td>Capital of Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>93</td><td>53</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>94,922</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,199</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>174</td><td>139</td><td>-</td><td>357,826</td><td>29</td><td>11</td><td>131,299</td><td>1,514,073</td></tr><tr><td>Total realization of assets</td><td>11,829</td><td>2,292</td><td>21,634</td><td>75,800</td><td>11</td><td>131,299</td><td>168,227</td><td>26,346</td></tr><tr><td>By income</td><td>11,829</td><td>2,292</td><td>21,634</td><td>75,800</td><td>11</td><td>168,227</td><td>26,346</td><td>18,237</td></tr><tr><td>By borrowings, capital and surplus subscriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>408,200</td><td>342</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>517,500</td></tr><tr><td>From the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subscriptions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By U. S. Treasury</td><td>-</td><td>1,400</td><td>6</td><td>20,399</td><td>-</td><td>-</td><td>-</td><td>54,512</td></tr><tr><td>By others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U. S. Treasury</td><td>-</td><td>241</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General Fund appropriations - expended</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus subscriptions, and appropriations</td><td>-</td><td>1,641</td><td>6</td><td>20,399</td><td>408,200</td><td>342</td><td>-</td><td>572,012</td></tr><tr><td>By decrease in working capital and deferred items</td><td>234</td><td>-</td><td>1,313</td><td>-</td><td>-</td><td>-</td><td>4,336</td><td>102,768</td></tr><tr><td>Other funds provided</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,440</td></tr><tr><td>Total funds provided</td><td>12,237</td><td>4,072</td><td>22,953</td><td>20,399</td><td>841,826</td><td>382</td><td>303,862</td><td>2,215,197</td></tr></table>
Footnote on page 77.
(Continued on following page)
72
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the twelve months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th></th><th colspan="2">Housing and Home Finance Agency - (Continued)</th><th colspan="5">Corporations - (Continued)</th><th></th></tr><tr><th></th><th>Office of the Administrator</th><th>Public Housing Administration 6/</th><th>Panama Canal Company 25/</th><th>Reconstruction Finance Corporation and certain affiliates 8/</th><th>In liquidation by Reconstruction Finance Corporation 3/</th><th>Tennessee Valley Authority</th></tr><tr><th></th><th>Federal National Mortgage Association</th><th></th><th></th><th>Regular lending activities 10/</th><th>Assets held for the U.S. Treasury 11/</th><th>Defense Production Act of 1950 12/</th><th>Defense Homes Corporation</th><th>Smaller War Plants Corporation 21/</th></tr><tr><td>Funds applied:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>585,709</td><td>924,337</td><td>-</td><td>143,196</td><td>-</td><td>75,412</td><td>-</td><td>-</td></tr><tr><td>Purchase of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>34</td><td>502</td><td>10,949</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>585,743</td><td>924,838</td><td>10,954</td><td>143,196</td><td>-</td><td>75,412</td><td>-</td><td>-</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>59,044</td><td>50,891</td><td>93,235</td><td>17,065</td><td>54,944</td><td>3,136</td><td>-</td><td>105</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U.S. Treasury:</td><td>-</td><td>550,000</td><td>-</td><td>101,173</td><td>-</td><td>41,000</td><td>-</td><td>5,000</td></tr><tr><td>By cash</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>17,779</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113,000</td><td>-</td><td>-</td></tr><tr><td>To U.S. Treasury</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-</td><td>12,294</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>31,920</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other distribution of surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>49,699</td><td>550,005</td><td>-</td><td>113,467</td><td>113,000</td><td>41,000</td><td>-</td><td>19,229</td></tr><tr><td>To increase in working capital and deferred items</td><td>-</td><td>11,833</td><td>2,557</td><td>-</td><td>23,877</td><td>43,197</td><td>347</td><td>605</td></tr><tr><td>Other funds applied</td><td>-</td><td>-</td><td>2,102</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied</td><td>694,446</td><td>1,537,569</td><td>108,943</td><td>273,729</td><td>679,820</td><td>162,746</td><td>347</td><td>709</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realisation of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cash</td><td>156,057</td><td>926,324</td><td>-</td><td>142,954</td><td>101</td><td>11,574</td><td>-</td><td>438</td></tr><tr><td>By cancellation of corporation notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital of Government corporations</td><td>-</td><td>-</td><td>-</td><td>2,016</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>16</td><td>3,318</td><td>120</td><td>209</td><td>24,422</td><td>-</td><td>-</td><td>2,284</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>4,447</td><td>-</td><td>45,767</td><td>-</td><td>116</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realisation of assets</td><td>156,072</td><td>929,642</td><td>126</td><td>156,626</td><td>24,603</td><td>58,341</td><td>-</td><td>554</td></tr><tr><td>By income</td><td>92,839</td><td>22,928</td><td>108,722</td><td>37,692</td><td>322,539</td><td>4,304</td><td>347</td><td>155</td></tr><tr><td>By borrowings, capital and surplus subscriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U.S. Treasury</td><td>-</td><td>550,000</td><td>-</td><td>63,000</td><td>-</td><td>106,000</td><td>-</td><td>-</td></tr><tr><td>From other Government corporations and agencies</td><td>425,983</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subscriptions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By U.S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>32,498</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U.S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>337,956</td></tr><tr><td>General Fund appropriations - expended</td><td>-</td><td>35,346</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus subscriptions, and appropriations</td><td>425,983</td><td>585,346</td><td>-</td><td>63,000</td><td>32,498</td><td>106,000</td><td>-</td><td>337,953</td></tr><tr><td>By decrease in working capital and deferred items</td><td>13,591</td><td>552</td><td>-</td><td>16,410</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other funds provided</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided</td><td>694,446</td><td>1,537,568</td><td>108,848</td><td>273,729</td><td>679,920</td><td>162,746</td><td>347</td><td>709</td></tr></table>
Footnotes on page 77.
(Continued on following page)
November 1955
73
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the Twelve Months Ended June 30, 1953 - (Continued) (In thousands of dollars)
<table><tr><th></th><th>Total certain other business-type activities 28/</th><th colspan="4">Department of Agriculture</th><th>Department of the Army</th><th>Department of Commerce</th><th>Department of Health, Education, and Welfare</th><th>Department of the Interior</th></tr><tr><th></th><th></th><th>Farm Credit Administration</th><th>Farmer's Home Administration</th><th>Disaster Loans, etc. 16/</th><th>Rural Electrification Administration</th><th>Guaranteed loans, (World War II)</th><th>Federal Maritime Board and Maritime Administration 2/</th><th>Office of Education Loans to students 17/</th><th>Indian loans</th></tr><tr><td>Funds applied:</td><td></td><td colspan="8"></td></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>10,163,922</td><td>375</td><td>165,340</td><td>44,125</td><td>231,499</td><td>-</td><td>-</td><td>-</td><td>1,076</td></tr><tr><td>Purchase of investments</td><td>82,745</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public debt obligations</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>191,156</td><td>-</td><td>*</td><td>-</td><td>64</td><td>-</td><td>135,440</td><td>-</td><td>-</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>54,562</td><td>9</td><td>161</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>24,770</td><td>-</td><td>205</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>10,317,176</td><td>384</td><td>165,706</td><td>44,137</td><td>231,562</td><td>-</td><td>135,440</td><td>-</td><td>1,076</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>739,523</td><td>-</td><td>43,256</td><td>2,018</td><td>43,808</td><td>-</td><td>245,597</td><td>-</td><td>-</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>1,408,030</td><td>-</td><td>125,574</td><td>-</td><td>33,604</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>3,383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>11,021</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To the public</td><td>23,073</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury</td><td>144,856</td><td>-</td><td>1,675</td><td>-</td><td>-</td><td>30</td><td>89,742</td><td>92</td><td>60</td></tr><tr><td>To others</td><td>63,499</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>62,913</td><td>-</td><td>-</td></tr><tr><td>To General Fund - deposit of earnings</td><td>385,608</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>19</td><td>1</td></tr><tr><td>Dividends</td><td>39,564</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other distribution of surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>2,079,034</td><td>-</td><td>127,249</td><td>-</td><td>33,607</td><td>30</td><td>152,655</td><td>111</td><td>61</td></tr><tr><td>To increase in working capital and deferred items</td><td>67,884</td><td>-</td><td>-</td><td>*</td><td>21,310</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other funds applied</td><td>4,636</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied</td><td>13,408,254</td><td>384</td><td>336,211</td><td>46,155</td><td>330,287</td><td>30</td><td>534,692</td><td>111</td><td>1,136</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>6,612,692</td><td>730</td><td>106,770</td><td>30,019</td><td>48,904</td><td>-</td><td>-</td><td>92</td><td>2,282</td></tr><tr><td>By cancellation of notes</td><td>196,786</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public debt obligations</td><td>28,985</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital of Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9,129</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>9,133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>6,375</td><td>-</td><td>16</td><td>-</td><td>-</td><td>-</td><td>263</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>11,796</td><td>535</td><td>218</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>922</td><td>-</td><td>272</td><td>12</td><td>-</td><td>-</td><td>464</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>6,862,688</td><td>1,265</td><td>107,276</td><td>30,037</td><td>48,904</td><td>-</td><td>9,896</td><td>92</td><td>2,282</td></tr><tr><td>By income</td><td>1,129,977</td><td>28</td><td>25,374</td><td>1,253</td><td>38,409</td><td>-</td><td>150,885</td><td>19</td><td>80</td></tr><tr><td>By borrowings, capital and surplus subscriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U. S. Treasury</td><td>2,168,682</td><td>-</td><td>164,000</td><td>-</td><td>235,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From other Government corporations and agencies</td><td>10,977</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From the public</td><td>30,464</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subscriptions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By U. S. Treasury</td><td>3</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By others</td><td>14,974</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,974</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U. S. Treasury</td><td>3,383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General Fund appropriations - expended</td><td>2,816,854</td><td>-907</td><td>28,873</td><td>-</td><td>7,974</td><td>30</td><td>178,673</td><td>-</td><td>-2,307</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus sub-scriptions, and appropriations</td><td>5,045,338</td><td>-907</td><td>192,876</td><td>-</td><td>284,974</td><td>30</td><td>193,647</td><td>-</td><td>-2,307</td></tr><tr><td>By decrease in working capital and deferred items</td><td>369,214</td><td>3</td><td>10,685</td><td>14,865</td><td>-</td><td>-</td><td>180,304</td><td>-</td><td>81</td></tr><tr><td>Other funds provided</td><td>1,037</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided</td><td>13,408,254</td><td>384</td><td>336,211</td><td>46,155</td><td>330,287</td><td>30</td><td>934,692</td><td>111</td><td>1,136</td></tr></table>
Footnotes on page 77.
(Continued on following page)
74
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the Twelve Months Ended June 30, 1953 - (Continued
(In thousands of dollars)
<table><tr><th colspan="8">Certain other business-type activities - (Continued)</th></tr><tr><th rowspan="2">Funds applied:</th><th>Department of the Interior - (Continued)</th><th>Department of the Treasury</th><th>General Services Administration</th><th>Federal Housing Administration</th><th>Home Loan Bank Board</th><th colspan="3">Office of the Administrator</th></tr><tr><th>Puerto Rico Reconstruction Administration</th><th>Miscellaneous loans and certain other assets</th><th>Public Works Administration (in liquidation)</th><th>HOCL liquidation unit</th><th>Alaska housing program</th><th>Community facilities service</th><th>Housing loans for educational institutions</th><th>Investment in Federal National Mortgage Association</th></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>9,073,224</td><td>-</td><td>-</td><td>-</td><td>6,132</td><td>-</td><td>13,886</td><td>425,983</td></tr><tr><td>Purchase of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>2</td><td>-</td><td>-</td><td>82,745</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Fixed assets</td><td>-</td><td>-</td><td>-</td><td>123</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>-</td><td>-</td><td>-</td><td>52,831</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>2</td><td>9,073,224</td><td>-</td><td>135,717</td><td>-</td><td>6,132</td><td>-</td><td>13,886</td><td>425,983</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>650</td><td>-</td><td>-</td><td>51,626</td><td>19</td><td>-</td><td>262</td><td>129</td><td>44,723</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,109,558</td></tr><tr><td>By cash</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>-</td><td>-</td><td>-</td><td>11,021</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To the public</td><td>-</td><td>-</td><td>-</td><td>23,073</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury</td><td>183</td><td>-</td><td>341</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To others</td><td>-</td><td>380,300</td><td>2,170</td><td>8,064</td><td>-</td><td>-</td><td>912</td><td>-</td><td>31,500</td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other distribution of surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>183</td><td>380,300</td><td>2,511</td><td>42,158</td><td>-</td><td>-</td><td>912</td><td>-</td><td>1,141,058</td></tr><tr><td>To increase in working capital and deferred items</td><td></td><td></td><td></td><td></td><td></td><td></td><td>4,178</td><td></td><td></td></tr><tr><td>Other funds applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied</td><td>835</td><td>9,453,524</td><td>2,511</td><td>229,501</td><td>19</td><td>6,132</td><td>1,174</td><td>18,188</td><td>1,611,764</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>277</td><td>6,362,378</td><td>341</td><td>-</td><td>-</td><td>1,158</td><td>83</td><td>10</td><td>17,779</td></tr><tr><td>By cancellation of corporation notes</td><td>-</td><td>196,786</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments</td><td>-</td><td>-</td><td>-</td><td>24,985</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital of Government corporations</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>200</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td><td>41</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>200</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>10,595</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>477</td><td>6,559,364</td><td>341</td><td>35,599</td><td>-</td><td>1,158</td><td>124</td><td>10</td><td>17,779</td></tr><tr><td>By income</td><td>382</td><td>380,300</td><td>2,168</td><td>117,872</td><td>-</td><td>266</td><td>241</td><td>178</td><td>76,223</td></tr><tr><td>By borrowings, capital and surplus subscriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18,000</td><td>-</td><td>1,517,762</td></tr><tr><td>From other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>10,977</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From the public</td><td>-</td><td>-</td><td>-</td><td>30,464</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subscriptions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General Fund appropriations - expended</td><td>-30</td><td>2,513,860</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus subscriptions, and appropriations</td><td>-30</td><td>2,513,860</td><td>-</td><td>41,441</td><td>-</td><td>4,000</td><td>-</td><td>18,000</td><td>1,517,762</td></tr><tr><td>By decrease in working capital and deferred items</td><td>6</td><td>-</td><td>2</td><td>34,589</td><td>19</td><td>709</td><td>809</td><td>-</td><td>-</td></tr><tr><td>Other funds provided</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided</td><td>835</td><td>9,453,524</td><td>2,511</td><td>229,501</td><td>19</td><td>6,132</td><td>1,174</td><td>18,188</td><td>1,611,764</td></tr></table>
(Continued on following page)
November 1955
75
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th colspan="9">Certain other business-type activities - (Continued)</th></tr><tr><th rowspan="2"></th><th colspan="4">Housing and Home Finance Agency - (Continued)</th><th colspan="2">Mutual Security Agency</th><th rowspan="2">Veterans' Administration Guaranteed loans to veterans</th></tr><tr><th>Office of the Administrator - (Continued) 21/ Prefabricated housing loans program</th><th>Slum clearance program</th><th>Public Housing Administration Farm Security Administration program</th><th>Home conversion program</th><th>Public war housing program</th><th>Veterans' re-use housing program</th><th>Guaranty program</th><th>Loan program</th></tr><tr><td>Funds applied:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>4,748</td><td>16,536</td><td>-</td><td>-</td><td>-</td><td>-</td><td>72,670</td><td>11,165</td></tr><tr><td>Purchase of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28,709</td><td>511</td><td>-</td><td>-</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,555</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>205</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>4,748</td><td>16,536</td><td>-</td><td>-</td><td>28,914</td><td>511</td><td>72,670</td><td>12,719</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>579</td><td>8,139</td><td>694</td><td>-</td><td>29,742</td><td>870</td><td>3,171</td><td>21,998</td><td>15,999</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U.S. Treasury:</td><td>14,000</td><td>29/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>294</td></tr><tr><td>By cash</td><td>3,383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U.S. Treasury</td><td>-</td><td>-</td><td>1,733</td><td>5</td><td>36,992</td><td>1,602</td><td>-</td><td>7,996</td></tr><tr><td>To others</td><td>-</td><td>-</td><td>9</td><td>-</td><td>571</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,205</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other distribution of surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>17,383</td><td>-</td><td>1,742</td><td>5</td><td>37,569</td><td>1,602</td><td>2,498</td><td>7,996</td></tr><tr><td>To increase in working capital and deferred items</td><td>2,121</td><td>4,580</td><td>241</td><td>-</td><td>-</td><td>-</td><td>9,540</td><td>766</td></tr><tr><td>Other funds applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied</td><td>24,831</td><td>29,254</td><td>2,677</td><td>5</td><td>96,225</td><td>2,983</td><td>3,171</td><td>106,707</td><td>36,480</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>16,453</td><td>3,041</td><td>237</td><td>-</td><td>885</td><td>-</td><td>111</td><td>-</td></tr><tr><td>By cancellation of corporation notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital of Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>1,546</td><td>-</td><td>3,918</td><td>148</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>152</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Other</td><td>51</td><td>-</td><td>65</td><td>-</td><td>-</td><td>54</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>16,656</td><td>3,041</td><td>1,849</td><td>-</td><td>4,803</td><td>202</td><td>111</td><td>*</td></tr><tr><td>By income</td><td>792</td><td>396</td><td>925</td><td>-</td><td>61,177</td><td>2,409</td><td>2,025</td><td>33,926</td><td>16,996</td></tr><tr><td>By borrowings, capital and surplus subscriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U.S. Treasury</td><td>4,000</td><td>18,000 29/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,020</td><td>38,310</td></tr><tr><td>From other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subscriptions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By U.S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U.S. Treasury</td><td>3,383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General Fund appropriations - expanded</td><td>-</td><td>7,818</td><td>-</td><td>-3</td><td>28,966</td><td>-100</td><td>34,360</td><td>19,483</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus subscriptions, and appropriations</td><td>7,383</td><td>25,818</td><td>-</td><td>-3</td><td>28,966</td><td>-100</td><td>1,020</td><td>72,670</td><td>19,483</td></tr><tr><td>By decrease in working capital and deferred items</td><td>-</td><td>-</td><td>3</td><td>9</td><td>459</td><td>255</td><td>125</td><td>-</td></tr><tr><td>Other funds provided</td><td>-</td><td>-</td><td>-</td><td>-</td><td>809</td><td>225</td><td>-</td><td>-</td></tr><tr><td>Total funds provided</td><td>24,831</td><td>29,254</td><td>2,677</td><td>5</td><td>96,225</td><td>2,983</td><td>3,171</td><td>106,707</td><td>36,480</td></tr></table>
Footnotes on page 77.
(Continued on following page)
76
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 5.- Source and Application of Funds for the Twelve Months Ended June 30, 1953 - (Continued)
(In thousands of dollars)
<table><tr><th colspan="2">Veterans' Administration - (Continued)</th><th colspan="6">Defense Production Act of 1950, as amended</th></tr><tr><th>Veterans' canteen service</th><th>Veterans' direct loan program</th><th>Atomic Energy Commission</th><th>Defense Materials Procurement Agency</th><th>Department of the Air Force</th><th>Department of the Army</th><th>Department of Commerce</th><th>Department of the Interior</th><th>Department of the Navy</th></tr><tr><td colspan="9">Funds applied:</td></tr><tr><td>To acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>89,163</td><td>-</td><td>-</td><td>-</td><td>2,124</td><td>-</td><td>4,391</td><td>1,496</td></tr><tr><td>Purchase of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>770</td><td>6</td><td>-</td><td>24,540</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of acquiring collateral on defaulted loans</td><td>-</td><td>-</td><td>-</td><td>24,388</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>48,888</td><td>-</td><td>2,124</td><td>-</td><td>4,391</td><td>1,496</td></tr><tr><td>Total acquisition of assets</td><td>770</td><td>89,169</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To expenses (excluding depreciation and other charges not requiring funds)</td><td>25,793</td><td>3,591</td><td>2</td><td>195,517</td><td>178</td><td>283</td><td>1</td><td>1,620</td><td>155</td></tr><tr><td>To retirement of borrowings and capital, and distribution of surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury:</td><td></td><td></td><td></td><td>125,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cash</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By cancellation of notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To U. S. Treasury</td><td>570</td><td>-</td><td>-</td><td>3,933</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To General Fund - deposit of earnings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dividends</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other distribution of surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total retirement of borrowings and capital, and distribution of surplus</td><td>570</td><td>-</td><td>-</td><td>128,933</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To increase in working capital and deferred items</td><td>40</td><td>19,769</td><td>5</td><td>4,636</td><td>2,497</td><td>1,412</td><td>-</td><td>-</td><td>1,431</td></tr><tr><td>Other funds applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied</td><td>27,178</td><td>112,529</td><td>7</td><td>377,975</td><td>2,675</td><td>3,818</td><td>1</td><td>6,011</td><td>3,072</td></tr><tr><td>Funds provided:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By cash</td><td>-</td><td>13,966</td><td>-</td><td>-</td><td>-</td><td>6,150</td><td>-</td><td>52</td><td>972</td></tr><tr><td>By cancellation of corporation notes</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale or collection of investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital of Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>25</td><td>-</td><td>-</td><td>204</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>89</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>27</td><td>14,056</td><td>-</td><td>204</td><td>-</td><td>6,150</td><td>-</td><td>52</td><td>972</td></tr><tr><td>By income</td><td>27,151</td><td>6,333</td><td>7</td><td>176,935</td><td>2,675</td><td>2,201</td><td>1</td><td>6,011</td><td>2,403</td></tr><tr><td>By borrowings, capital and surplus subcriptions, and appropriations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowings:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>From U. S. Treasury</td><td>-</td><td>92,090</td><td>-</td><td>75,000</td><td>-</td><td>-</td><td>-</td><td>5,500</td><td>-</td></tr><tr><td>From other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>From the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus subcriptions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>By others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cancellation of notes to U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General Fund appropriations - expended</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-4,533</td><td>-</td><td>-</td><td>-302</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total borrowings, capital and surplus subcriptions, and appropriations</td><td>-</td><td>92,090</td><td>-</td><td>75,000</td><td>-</td><td>-4,533</td><td>-</td><td>5,500</td><td>-302</td></tr><tr><td>By decrease in working capital and deferred items</td><td>-</td><td>-</td><td>-</td><td>125,836</td><td>-</td><td>-</td><td>-</td><td>458</td><td>-</td></tr><tr><td>Other funds provided</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided</td><td>27,178</td><td>112,529</td><td>7</td><td>377,975</td><td>2,675</td><td>3,818</td><td>1</td><td>6,011</td><td>3,072</td></tr></table>
November 1955
77
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes for Table 4, income and expense statement, and Table 5, source and application of funda statement
1/ Includes $2,000 thousand interest paid on capital stock.
2/ This amount differs from the net loss shown above because this figure excludes the loss from operations by the Federal Maritime Board and the Maritime Administration (see footnote 18).
3/ As of September 8, 1950, as amended.
1/ Represents interest on advances from appropriations and on paid-in capital.
2/ Represents accrual of interest in lieu of dividends on capital stock.
6/ Represents activities under United States Housing Act, as amended. War housing and other operations of the Administration are shown in Table 5.
7/ The income statement as shown is subject to substantial change upon establishment of definitive valuations of properties and other assets transferred from the Panama Canal which may substantially change depreciation and interest accruals and net income reported for the year.
8/ Figures are shown on a preliminary basis. War Damage Corporation, shown under this heading on pages 62 and 63 in the October 1953 "Treasury Bulletin", did not have any activity during the fiscal year 1953.
9/ Figures are shown on a preliminary basis.
10/ After the expiration of sixty days from the date of enactment of Public Law 163, 83d Congress, dated July 30, 1953, the Reconstruction Finance Corporation started liquidation of its activities, except those which existing law or this law permit to be transferred elsewhere.
11/ Represents accounts held for the Treasury in accordance with provisions of act of June 30, 1948 (62 Stat. 1187-1188), which provided for cancellation of Reconstruction Finance Corporation notes in the amount of $9,313,735 thousand, plus interest accrued thereon subsequent to June 30, 1947, representing unrecouped costs of the Reconstruction Corporation on a 30, 1947, in its national defense, war, and reconvocation activities, and stipulated that any amounts recovered by the Corporation with respect to these activities subsequent to June 30, 1947, should, after deduction of related expenses, be deposited in the United States Treasury as miscellaneous receipts. Figures for source and application of funds are shown on a net basis.
12/ Pursuant to Public Law 163, 83d Congress, approved July 30, 1953, and Executive Order No. 10409, dated September 26, 1953, the activities carried on in accordance with this act were transferred to the
13/ Secretary of the Treasury, effective at the close of business on September 20, 1953, Represents interest on net direct investment of the Government in the Corporation (see footnote 7). 
14/ Net income during the fiscal year 1953 from power operations. 
15/ Department of the Army - guaranteed loans (World War II), shown on pages 54 and 55 in the October 1953 "Treasury Bulletin", did not have any income or expense during the fiscal year 1953. 
16/ Reorganizing Fund, Farmers' Home Administration. 
17/ This activity was formerly reported by the Federal Security Agency. 
18/ Pursuant to Public Law 13, 83d Congress, dated April 1, 1953, and Reorganization Plan No. 1 of 1953, effective April 11, 1953, the Federal Security Agency was abolished and this activity was transferred to the Department of Health, Education, and Welfare. 
19/ The relative unreserved surplus or deficit cannot be segregated from the Government's equity in the activity which consists of expended appropriations and cumulative unreserved surplus or deficit. 
20/ Represents interest on funds advanced to the Administration by allocations and appropriations, of which $18,583 thousand relates to prior fiscal years. 
21/ Represents adjustment to close deficit of the activity which has been liquidated. 
22/ Revolving fund for development of isolated defense sites shown under this heading on pages 68 and 69 in the October 1953 "Treasury Bulletin", did not have any activity during the fiscal year 1953. 
23/ Represents purchase of commodities and other costs. 
24/ Excludes cash exchanges amounting to $3,556,000 thousand. 
25/ Represents sales and exchange of commodities, loans transferred to accounts receivable, and other settlements. 
26/ Represents appropriation for restoration of capital impairment. 
27/ Amounts reported for interest expense and change in working capital are subject to substantial change upon establishment of definitive valuations of properties and other assets transferred from the Panama Canal which directly affect the interest base. 
28/ Figures in this table are shown on a net basis. 
29/ Department of the Navy - guaranteed loans (World War II), shown in Table 1, did not have any funds applied or provided during the fiscal year 1953. 
30/ * Excludes $500 thousand. 
r Less than $500. 
Rev.
78
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
December 1952 through November 1953
<table><tr><th colspan="2">Issue and page number</th><th colspan="11">1953</th></tr><tr><th>Article:</th><th>1952</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>Sopt.</th><th>Oct.</th><th>Nov.</th></tr><tr><td>Treasury financing operations</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><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><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><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><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><td>3</td></tr><tr><td>Expenditures for international finance and aid</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>"Other" expenditures</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><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>...</td><td>...</td><td>...</td></tr><tr><td>Detail of budget receipts and deductions by months and years</td><td>...</td><td>...</td><td>9</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Detail of budget expenditures by months and years</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>6</td><td>...</td><td>...</td><td>5</td></tr><tr><td>Social Security Act</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>7</td><td>...</td><td>...</td><td>6</td></tr><tr><td>Railroad Retirement Act</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>7</td><td>...</td><td>...</td><td>6</td></tr><tr><td>Railroad Unemployment Insurance Act</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>...</td><td>...</td><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><td></td></tr><tr><td>Summary of trust account and other transactions</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>8</td><td>5</td><td>5</td><td>7</td></tr><tr><td>Trust account receipts</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>8</td><td>5</td><td>5</td><td>7</td></tr><tr><td>Trust account expenditures other than net investments</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>9</td><td>6</td><td>6</td><td>8</td></tr><tr><td>Net investments of Government agencies in public debt securities</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>9</td><td>6</td><td>6</td><td>8</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</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>10</td><td>...</td><td>...</td><td>9</td></tr><tr><td>Railroad Retirement Account</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>10</td><td>...</td><td>...</td><td>9</td></tr><tr><td>Unemployment Trust Fund</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>11</td><td>...</td><td>...</td><td>10</td></tr><tr><td>National Service Life Insurance Fund</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>11</td><td>...</td><td>...</td><td>10</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><td></td></tr><tr><td>Summary of cash transactions</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>12</td><td>7</td><td>7</td><td>11</td></tr><tr><td>Derivation of cash budget receipts</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>13</td><td>8</td><td>8</td><td>12</td></tr><tr><td>Derivation of cash budget expenditures</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>13</td><td>8</td><td>8</td><td>12</td></tr><tr><td>Derivation of cash trust account transactions</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>13</td><td>8</td><td>8</td><td>12</td></tr><tr><td>Derivation of cash borrowing or repayment of borrowing</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>14</td><td>9</td><td>9</td><td>13</td></tr><tr><td>Cash operating income and outgo by months</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>14</td><td>...</td><td>...</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><td></td></tr><tr><td>Summary of Federal securities</td><td>15</td><td>16</td><td>25</td><td>16</td><td>16</td><td>15</td><td>16</td><td>16</td><td>15</td><td>15</td><td>10</td><td>10</td><td>14</td></tr><tr><td>Net change in Federal securities</td><td>16</td><td>16</td><td>25</td><td>16</td><td>16</td><td>14</td><td>16</td><td>16</td><td>16</td><td>16</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Interest-bearing public debt</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>17</td><td>10</td><td>10</td><td>14</td></tr><tr><td>Net change in interest-bearing public debt</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>17</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Special issues to U.S. Government investment accounts</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>18</td><td>11</td><td>11</td><td>15</td></tr><tr><td>Computed interest charge and computed interest rate on Federal securities</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>18</td><td>11</td><td>11</td><td>15</td></tr><tr><td>Treasury holdings of securities issued by Government corporations and other agencies</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>19</td><td>12</td><td>12</td><td>16</td></tr><tr><td>Status of the general fund of the Treasury</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>15</td><td>12</td><td>12</td><td>16</td></tr><tr><td>Public debt and guaranteed securities outstanding by months</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>20</td><td>...</td><td>...</td><td>...</td></tr><tr><td>General fund balance by months</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>15</td><td>...</td><td>...</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><td></td></tr><tr><td>Status under limitation</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>21</td><td>13</td><td>13</td><td>17</td></tr><tr><td>Application of limitation to public debt and guaranteed securities outstanding</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>21</td><td>13</td><td>13</td><td>17</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><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>31</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>14</td><td>14</td><td>18</td></tr><tr><td>Offerings of Treasury bills</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>24</td><td>16</td><td>16</td><td>20</td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness</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>25</td><td>17</td><td>17</td><td>21</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness</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>26</td><td>18</td><td>18</td><td>22</td></tr></table>
(Continued on following page)
November 1955
79
CUMULATIVE TABLE OF CONTENTS
December 1952 through November 1953 - (Continued)
<table><tr><th></th><th colspan="11">Issue and page number</th></tr><tr><th></th><th>1952</th><th colspan="10">1953</th></tr><tr><th></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><th>Oct.</th><th>Nov.</th></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series.....................</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><td>19</td><td>23</td></tr><tr><td>Sales and redemptions by periods, all series combined............</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><td>19</td><td>23</td></tr><tr><td>Sales and redemptions by periods, Series E through K.............</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><td>20</td><td>24</td></tr><tr><td>Redemptions of matured and unmatured bonds.....................</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><td>22</td><td>26</td></tr><tr><td>Sales and redemptions by denominations, Series E and H............</td><td>---</td><td>---</td><td>42</td><td>---</td><td>33</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td></tr><tr><td>Sales and redemptions by denominations, Series E and H............</td><td>---</td><td>---</td><td>44</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>34</td><td>---</td><td>---</td><td>---</td></tr><tr><td>Sales by States, Series E and H and Series F, G, J, and K.........</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td></tr><tr><td>Treasury savings notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series.....................</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><td>23</td><td>28</td></tr><tr><td>Sales and redemptions by periods, all series combined............</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><td>23</td><td>28</td></tr><tr><td>Ownership of Federal securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution by classes of investors and type of issues............</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><td>24</td><td>29</td></tr><tr><td>Net market purchase or sale for investment accounts handled by the Treasury.....................</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><td>24</td><td>29</td></tr><tr><td>Estimated ownership.....................</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><td>25</td><td>30</td></tr><tr><td>Treasury survey of ownership:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Ownership by banks, insurance companies, and others.............</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><td>26</td><td>31</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>40</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>30</td><td>---</td><td>---</td></tr><tr><td>Market quotations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End-of-month closing quotations on Federal securities by issues....</td><td>40</td><td>40</td><td>53</td><td>44</td><td>40</td><td>42</td><td>40</td><td>40</td><td>42</td><td>34</td><td>30</td><td>35</td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues....</td><td>---</td><td>---</td><td>---</td><td>---</td><td>42</td><td>---</td><td>---</td><td>42</td><td>44</td><td>36</td><td>32</td><td>37</td></tr><tr><td>Chart - Yields of Treasury securities.....................</td><td>43</td><td>43</td><td>56</td><td>47</td><td>43</td><td>45</td><td>42</td><td>42</td><td>44</td><td>36</td><td>32</td><td>37</td></tr><tr><td>Average yields of long-term bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by periods........</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><td>33</td><td>38</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds............</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><td>34</td><td>37</td></tr><tr><td>Internal revenue collections:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by principal sources.....................</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><td>35</td><td>40</td></tr><tr><td>Chart - Internal revenue collections by principal sources........</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><td>36</td><td>41</td></tr><tr><td>Detail of collections by type of tax.....................</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><td>37</td><td>42</td></tr><tr><td>Monetary statistics:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Money in circulation.....................</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><td>39</td><td>44</td></tr><tr><td>Monetary stocks of gold and silver.....................</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><td>40</td><td>45</td></tr><tr><td>Gold assets and liabilities of the Treasury.....................</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><td>40</td><td>45</td></tr><tr><td>Components of silver monetary stock.....................</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><td>41</td><td>46</td></tr><tr><td>Silver production in the United States and acquisitions by mint and assay offices.....................</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><td>41</td><td>46</td></tr><tr><td>Significance on silver.....................</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><td>42</td><td>47</td></tr><tr><td>Increase from reduction in weight of gold dollar (latest date September 30, 1953).....................</td><td>---</td><td>---</td><td>66</td><td>---</td><td>55</td><td>---</td><td>52</td><td>---</td><td>54</td><td>---</td><td>---</td><td>47</td></tr><tr><td>Net Treasury gold receipts (latest quarter ending March 31, 1953).....................</td><td>53</td><td>---</td><td>---</td><td>57</td><td>---</td><td>---</td><td>52</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td></tr><tr><td>Exchange Stabilization Fund (latest date June 30, 1953):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance sheet.....................</td><td>---</td><td>---</td><td>67</td><td>---</td><td>---</td><td>56</td><td>---</td><td>---</td><td>55</td><td>---</td><td>---</td><td>48</td></tr><tr><td>Income and expense.....................</td><td>---</td><td>---</td><td>68</td><td>---</td><td>---</td><td>57</td><td>---</td><td>---</td><td>56</td><td>---</td><td>---</td><td>49</td></tr><tr><td>Capital movements between the United States and foreign countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by periods since 1935.....................</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>47</td><td>43</td><td>56</td></tr><tr><td>Summary by countries and months.....................</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>50</td><td>46</td><td>53</td></tr><tr><td>Details for latest months by countries.....................</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><td>50</td><td>57</td></tr><tr><td>Supplementary data by countries.....................</td><td>---</td><td>---</td><td>---</td><td>---</td><td>67</td><td>---</td><td>66</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td></tr><tr><td>Corporations and certain other business-type activities (latest date June 30, 1953):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans outstanding.....................</td><td>---</td><td>---</td><td>---</td><td>---</td><td>68</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td></tr><tr><td>Balance sheets (including loans by type, beginning with date for June 30, 1953).....................</td><td>---</td><td>---</td><td>---</td><td>---</td><td>69</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>56</td><td>---</td></tr><tr><td>Income and expense.....................</td><td>67</td><td>---</td><td>---</td><td>---</td><td>71</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>63</td></tr><tr><td>Source and application of funds.....................</td><td>70</td><td>---</td><td>---</td><td>---</td><td>74</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>---</td><td>70</td></tr></table>
GPO 867157
U.S. TREASURY LIBRARY
1 0031981