TREASURY BULLETIN
DECEMBER - 1953
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
December 1955
Table of Contents
<table><tr><th></th><th>Page</th></tr><tr><td>Treasury financing operations</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td></tr><tr><td>Budget receipts and expenditures</td><td>2</td></tr><tr><td>Trust account and other transactions</td><td>5</td></tr><tr><td>Treasury cash income and outgo</td><td>7</td></tr><tr><td>Debt outstanding and general fund</td><td>10</td></tr><tr><td>Statutory debt limitation</td><td>13</td></tr><tr><td>Debt operations</td><td>14</td></tr><tr><td>United States savings bonds</td><td>19</td></tr><tr><td>Treasury savings notes</td><td>23</td></tr><tr><td>Ownership of Federal securities</td><td>24</td></tr><tr><td>Treasury survey of ownership of Federal securities</td><td>26</td></tr><tr><td>Market quotations on Treasury securities</td><td>30</td></tr><tr><td>Average yields of long-term bonds</td><td>33</td></tr><tr><td>Internal revenue collections</td><td>35</td></tr><tr><td>Monetary statistics</td><td>39</td></tr><tr><td>Capital movements</td><td>42</td></tr><tr><td>Cumulative table of contents</td><td>55</td></tr></table>
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown.
December 1955
A-1
Treasury Financing Operations
December Refunding
On November 16, 1953, the Secretary of the Treasury announced an exchange offering on November 15 to holders of the 2-1/8 percent Treasury notes maturing December 1, 1953, in the amount of $10.0 billion. Holders of the maturing notes were offered a choice of 1-7/8 percent notes maturing December 15, 1954, or 2-1/2 percent bonds maturing December 15, 1958. The bonds constituted an additional amount of the issue dated February 15, 1953. The subscription books were closed at the close of business on November 20.
Subscriptions to the new notes amounted to $8,175 million and to the bonds, $1,747 million, leaving approximately $120 million to be paid in cash. A preliminary announcement on November 24 stated that subscriptions amounted to about 99 percent of the maturing issue, and that the Federal Reserve System exchanged its total holdings of $6,990 million for the new notes. Subscriptions from the public amounted to $2,930 million, or 96 percent of their holdings. Sixty percent, or $1,747 million of the subscriptions from the public, were for the bonds.
Exchanges for the 1-7/8 percent notes, designated Series B-1954, were made par for par, and for the additional bonds at par and accrued interest from June 15, 1953, to December 1, 1953. The terms of the 2-1/2 percent bonds of 1958 were summarized in the Treasury Bulletin of February 1953 in accordance with the official circular dated February 2, 1953. The new notes are dated December 1, 1953, and bear interest from that date at the rate of 1-7/8 percent per annum, payable on a semiannual basis on June 15 and December 15, 1954. The principal amount will become payable on December 15, 1954, at maturity. They were issued in bearer form only, in denominations of $1,000, $5,000, $10,000, $100,000, and $1,000,000.
Weekly Treasury Bills Refunded
Treasury bills maturing in November in the amount of $6.0 billion were refunded in full by weekly offerings of $1.5 billion, each of which equaled the amount maturing. The average rates of discount on the new offerings were 1.306 percent for November 5; 1.481 percent for November 12; 1.433 percent for November 19; and 1.488 percent for November 27.
Note: Details of Treasury market 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".
December 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 2/ 3/</th><th>Clearing account 4/</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 1/</th><th>Expenditures 2/</th><th>Surplus, or deficit (-) 2/</th><th></th><th></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></td><td></td><td></td><td></td></tr><tr><td>1942</td><td>12,696</td><td>34,187</td><td>-21,490</td><td>-1,613</td><td>-</td><td>23,461</td><td>358</td><td>2,992</td><td>72,422</td><td>4,568</td><td>76,991</td></tr><tr><td>1943</td><td>22,209</td><td>79,682</td><td>-57,480</td><td>-338</td><td>-</td><td>64,274</td><td>6,515</td><td>9,907</td><td>135,696</td><td>4,100</td><td>110,796</td></tr><tr><td>1944</td><td>63,892</td><td>95,315</td><td>-51,433</td><td>-2,222</td><td>-</td><td>64,307</td><td>10,662</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>4,289</td><td>24,698</td><td>258,682</td><td>433</td><td>259,115</td></tr><tr><td>1946</td><td>60,027</td><td>60,703</td><td>-20,676</td><td>-524</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>754</td><td>-1,103</td><td>555</td><td>-11,136</td><td>-10,930</td><td>3,308</td><td>258,286</td><td>90</td><td>258,376</td></tr><tr><td>1948</td><td>42,211</td><td>33,791</td><td>8,419</td><td>-294</td><td>-507</td><td>-5,994</td><td>1,628</td><td>4,932</td><td>252,292</td><td>73</td><td>252,366</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>4,78</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>40,267</td><td>-3,222</td><td>99</td><td>189</td><td>4,487</td><td>2,047</td><td>5,521</td><td>257,357</td><td>20</td><td>257,377</td></tr><tr><td>1951</td><td>68,143</td><td>44,633</td><td>3,510</td><td>679</td><td>-218</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>3,083</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></td><td></td><td></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>50,232</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>165,877</td><td>4,230</td><td>170,108</td></tr><tr><td>1944</td><td>63,531</td><td>97,181</td><td>-53,650</td><td>-1,161</td><td>-</td><td>64,753</td><td>9,942</td><td>22,336</td><td>230,630</td><td>1,514</td><td>232,144</td></tr><tr><td>1945</td><td>43,928</td><td>87,222</td><td>-43,294</td><td>-123</td><td>-</td><td>47,498</td><td>3,767</td><td>26,003</td><td>278,115</td><td>567</td><td>278,682</td></tr><tr><td>1946</td><td>38,810</td><td>41,322</td><td>-2,512</td><td>-1,386</td><td>362</td><td>-18,966</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>-289</td><td>193</td><td>-1,100</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>471</td><td>4,679</td><td>257,130</td><td>30</td><td>257,160</td></tr><tr><td>1950</td><td>37,812</td><td>38,955</td><td>-1,142</td><td>111</td><td>111</td><td>4,423</td><td>-447</td><td>4,232</td><td>264,708</td><td>24</td><td>264,731</td></tr><tr><td>1951</td><td>53,488</td><td>56,865</td><td>-3,358</td><td>815</td><td>-106</td><td>8,711</td><td>62</td><td>4,295</td><td>259,410</td><td>42</td><td>259,451</td></tr><tr><td>1952</td><td>65,253</td><td>71,366</td><td>-5,942</td><td>-41</td><td>-319</td><td>7,973</td><td>1,770</td><td>6,064</td><td>267,391</td><td>54</td><td>267,445</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>4,454</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>289</td><td>5,382</td><td>255,941</td><td>18</td><td>255,958</td></tr><tr><td>March</td><td>6,095</td><td>4,012</td><td>2,084</td><td>34</td><td>112</td><td>-944</td><td>3,187</td><td>8,559</td><td>254,997</td><td>21</td><td>255,018</td></tr><tr><td>April</td><td>2,626</td><td>4,007</td><td>-1,381</td><td>-69</td><td>106</td><td>-270</td><td>-1,614</td><td>6,955</td><td>254,727</td><td>21</td><td>254,748</td></tr><tr><td>May</td><td>3,146</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>2,571</td><td>4,739</td><td>-2,168</td><td>11</td><td>-14</td><td>435</td><td>-1,737</td><td>5,620</td><td>255,657</td><td>28</td><td>255,685</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>-255</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>2,635</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>258,336</td></tr><tr><td>November</td><td>3,251</td><td>5,178</td><td>-1,658</td><td>82</td><td>20</td><td>1,306</td><td>-250</td><td>4,624</td><td>259,504</td><td>43</td><td>259,547</td></tr><tr><td>December</td><td>5,279</td><td>5,527</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>5,553</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>6,840</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>-92</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>2,865</td><td>-192</td><td>-326</td><td>-800</td><td>1,548</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>6,742</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>5,018</td><td>-968</td><td>77</td><td>-195</td><td>113</td><td>-973</td><td>6,952</td><td>263,136</td><td>39</td><td>263,225</td></tr><tr><td>September</td><td>6,585</td><td>6,070</td><td>515</td><td>422</td><td>-229</td><td>-504</td><td>204</td><td>7,156</td><td>262,682</td><td>40</td><td>262,722</td></tr><tr><td>October</td><td>3,099</td><td>6,383</td><td>-3,283</td><td>-252</td><td>316</td><td>2,238</td><td>-981</td><td>6,175</td><td>264,919</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>7,136</td><td>267,432</td><td>51</td><td>267,483</td></tr><tr><td>December</td><td>6,003</td><td>7,121</td><td>-1,121</td><td>-265</td><td>-315</td><td>-41</td><td>-1,572</td><td>6,064</td><td>267,391</td><td>54</td><td>267,445</td></tr><tr><td>1953-January</td><td>5,061</td><td>5,737</td><td>-676</td><td>-111</td><td>401</td><td>11</td><td>-376</td><td>5,689</td><td>267,402</td><td>48</td><td>267,450</td></tr><tr><td>February</td><td>5,479</td><td>5,995</td><td>-116</td><td>272</td><td>-2</td><td>182</td><td>335</td><td>6,024</td><td>267,584</td><td>50</td><td>267,634</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>894</td><td>6,908</td><td>264,485</td><td>51</td><td>264,536</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>264,642</td></tr><tr><td>May</td><td>4,130</td><td>6,241</td><td>-1,866</td><td>416</td><td>-488</td><td>1,930</td><td>57</td><td>3,639</td><td>266,520</td><td>52</td><td>266,572</td></tr><tr><td>June</td><td>5,744</td><td>7,988</td><td>1,756</td><td>98</td><td>-373</td><td>-449</td><td>1,032</td><td>4,670</td><td>266,071</td><td>52</td><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>2,699</td><td>5,477</td><td>-2,818</td><td>-218</td><td>235</td><td>449</td><td>-2,352</td><td>5,126</td><td>273,336</td><td>66</td><td>273,452</td></tr><tr><td>November</td><td>4,695</td><td>5,423</td><td>-728</td><td>79</td><td>-376</td><td>1,822</td><td>797</td><td>5,923</td><td>275,209</td><td>74</td><td>275,282</td></tr></table>
1/ Gross receipts less appropriations to the Federal Old-Age and Survivor's Insurance Trust Fund and refunds of receipts. 2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures.
3/ 4/ 2/ Accounting 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 (-). Of this total, $274,707 million is subject to the statutory limitation of $275 billion (see page 13).
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">Customer</th><th rowspan="2">Other receipts 1/</th><th rowspan="2">Gross receipts</th><th colspan="3">Deductions</th></tr><tr><th>Corporation 2/</th><th>Individual, not with- held 2/ 3/</th><th>Withheld by employee 4/</th><th>Total 5/</th><th>Employment taxes 6/</th><th>Miscella- neous internal revenue</th><th>Appropri- ations to FOASI Trust Fund 8/</th><th>Refunds or receipts 2/</th><th>Net receipts</th></tr><tr><td>1946.</td><td>21,493</td><td></td><td>9,398</td><td>30,889</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>40,943</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>19,641</td><td></td><td>9,842</td><td>29,483</td><td>2,477</td><td>8,348</td><td>40,307</td><td>384</td><td>2,082</td><td>42,774</td><td>1,690</td><td>2,838</td><td>38,246</td></tr><tr><td>1950.</td><td>18,189</td><td></td><td>10,073</td><td>28,263</td><td>2,683</td><td>8,309</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>624</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>32,826</td><td></td><td>18,521</td><td>51,347</td><td>4,568</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>4,528</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>8,521</td><td></td><td>2,102</td><td>10,229</td><td>490</td><td>993</td><td>11,712</td><td>56</td><td>102</td><td>11,870</td><td>425</td><td>944</td><td>10,502</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>2,849</td></tr><tr><td>May.</td><td>490</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>4,330</td></tr><tr><td>June.</td><td>6,986</td><td></td><td>2,138</td><td>8,705</td><td>474</td><td>939</td><td>10,117</td><td>51</td><td>154</td><td>10,323</td><td>420</td><td>159</td><td>9,744</td></tr><tr><td>July.</td><td>651</td><td>474</td><td>1,252</td><td>2,171</td><td>224</td><td>937</td><td>3,332</td><td>52</td><td>235</td><td>3,619</td><td>206</td><td>105</td><td>3,308</td></tr><tr><td>August.</td><td>326</td><td>19</td><td>3,499</td><td>3,385</td><td>626</td><td>955</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>1,699</td><td>1,838</td><td>4,864</td><td>354</td><td>981</td><td>6,199</td><td>50</td><td>152</td><td>6,402</td><td>299</td><td>63</td><td>6,041</td></tr><tr><td>October.</td><td>305</td><td>159</td><td>1,138</td><td>1,522</td><td>177</td><td>1,019</td><td>2,718</td><td>51</td><td>125</td><td>2,894</td><td>160</td><td>75</td><td>2,699</td></tr><tr><td>1954 to date.</td><td>2,998</td><td>2,401</td><td>7,726</td><td>12,942</td><td>1,381</td><td>3,893</td><td>17,215</td><td>200</td><td>652</td><td>18,067</td><td>1,184</td><td>307</td><td>16,576</td></tr></table>
Sources: 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' Administra-tion 12/</th><th>Other</th></tr><tr><td>1946.</td><td>60,703</td><td>48,870</td><td>787</td><td>4,782</td><td>4,253</td><td>2,133</td></tr><tr><td>1947.</td><td>39,289</td><td>16,812</td><td>4,988</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>4,113 13/</td><td>5,211</td><td>6,469</td><td>6,467</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>66,145</td><td>33,033 15/</td><td>4,917</td><td>5,859</td><td>4,952</td><td>11,394</td></tr><tr><td>1953.</td><td>74,607</td><td>44,594</td><td>5,786</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>1,123</td></tr><tr><td>February</td><td>5,595</td><td>3,501</td><td>468</td><td>311</td><td>349</td><td>965</td></tr><tr><td>March</td><td>6,187</td><td>3,789</td><td>690</td><td>563</td><td>364</td><td>781</td></tr><tr><td>April</td><td>6,366</td><td>3,891</td><td>468</td><td>372</td><td>351</td><td>1,281</td></tr><tr><td>May</td><td>6,241</td><td>3,746</td><td>547</td><td>179</td><td>350</td><td>1,418</td></tr><tr><td>June</td><td>7,988</td><td>4,056</td><td>560</td><td>1,882</td><td>349</td><td>1,141</td></tr><tr><td>July</td><td>6,068</td><td>3,890</td><td>558</td><td>237</td><td>369</td><td>1,014</td></tr><tr><td>August</td><td>6,042</td><td>3,519</td><td>437</td><td>206</td><td>351</td><td>1,529</td></tr><tr><td>September</td><td>6,119</td><td>3,787</td><td>390</td><td>560</td><td>327</td><td>1,955</td></tr><tr><td>October</td><td>5,477</td><td>3,647</td><td>313</td><td>354</td><td>340</td><td>883</td></tr><tr><td>1954 to date</td><td>23,705</td><td>14,843</td><td>1,698</td><td>1,357</td><td>1,387</td><td>4,420</td></tr></table>
Source: Daily Treasury Statement.
1/ For further detail, see tables under "Internal Revenue Collections".
2/ Breakdown between corporation income and 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 estimates 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 employers and employees, because these taxes are not separable currently from income tax withheld. Prior fiscal year figures exclude old-age insurance taxes, on the basis of estimates beginning 1951. For further explanation, see footnote 8.
2/ 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).
5/ Consists of receipts for old-age insurance, unemployment insurance, and railroad retirement. Beginning January 1951, receipts for old-age insurance are estimated as explained in footnote 8. Railroad unemployment insurance contributions for administrative expenses are included in "Other receipts".
7/ Includes proceeds from sale of surplus property and from Government-owned securities; 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.
December 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 disposed</th><th>Strategic and critical materials 19/</th><th>Other 20/</th></tr><tr><td>1946</td><td>48,870</td><td>-</td><td>-</td><td>27,800</td><td>15,161</td><td>-</td><td>664</td><td>105</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>1,301</td><td>442</td><td>11</td><td>363</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>4,112</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 1b/</td><td>402</td><td>12,330 1b/</td><td>15,370 1b/</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>14,882</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>1,020</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>1,288</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>52</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>1,395</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>October</td><td>3,647</td><td>44</td><td>1,271</td><td>1,374</td><td>897</td><td>*</td><td>-</td><td>-</td><td>52</td><td>10</td></tr><tr><td>1954 to date</td><td>14,843</td><td>147</td><td>5,229</td><td>5,481</td><td>3,740</td><td>*</td><td>-</td><td>-</td><td>207</td><td>38</td></tr></table>
Source: Daily Treasury Statement. Footnotes at end of Table 5.
Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Bretton Wood 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>1945</td><td>727</td><td>159</td><td>568</td><td>2,050</td><td>514</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>1,700</td><td>881</td><td>161</td><td>134</td><td>-</td><td>-</td><td>803</td></tr><tr><td>1948</td><td>6,016</td><td>465</td><td>450</td><td>-</td><td>1,333</td><td>279</td><td>4,043</td><td>-</td><td>-</td><td>420</td></tr><tr><td>1949</td><td>4,689</td><td>45</td><td>88</td><td>-</td><td>779</td><td>126</td><td>3,923</td><td>44</td><td>-</td><td>170</td></tr><tr><td>1950</td><td>4,469</td><td>-</td><td>85</td><td>-</td><td>370</td><td>65</td><td>3,006</td><td>896</td><td>-</td><td>58</td></tr><tr><td>1951</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>256</td></tr><tr><td>1952</td><td>5,768</td><td>-</td><td>113</td><td>-</td><td>48</td><td>4</td><td>1,724</td><td>3,760</td><td>47</td><td>90</td></tr><tr><td>1953-January</td><td>393</td><td>-</td><td>-37</td><td>-</td><td>3</td><td>-</td><td>141</td><td>277</td><td>3</td><td>5</td></tr><tr><td>February</td><td>468</td><td>-</td><td>-6</td><td>-</td><td>3</td><td>*</td><td>143</td><td>316</td><td>2</td><td>10</td></tr><tr><td>March</td><td>690</td><td>-</td><td>-10</td><td>-</td><td>3</td><td>*</td><td>156</td><td>523</td><td>3</td><td>15</td></tr><tr><td>April</td><td>468</td><td>-</td><td>-73</td><td>-</td><td>2</td><td>*</td><td>114</td><td>366</td><td>3</td><td>7</td></tr><tr><td>May</td><td>547</td><td>-</td><td>-47</td><td>-</td><td>4</td><td>*</td><td>200</td><td>289</td><td>3</td><td>10</td></tr><tr><td>June</td><td>560</td><td>-</td><td>-63</td><td>-</td><td>3</td><td>*</td><td>148</td><td>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>October</td><td>313</td><td>-</td><td>40</td><td>-</td><td>1</td><td>*</td><td>106</td><td>155</td><td>4</td><td>7</td></tr><tr><td>1954 to date</td><td>1,698</td><td>-</td><td>223</td><td>-</td><td>6</td><td>*</td><td>372</td><td>1,036</td><td>14</td><td>48</td></tr></table>
Source: Daily Treasury Statement.
Footnotes 1 through 7 on page 2 and 10 through 32 on page 4.
5/ Amounts appropriated to the Federal Old-Age and Survivors Insurance trust fund represent the amount of income tax which is collected and deposited for old-age insurance (§ 82 U.S.C. 401 (a)). The Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950, changed in certain respects the basis of transferring the appropriate 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, imposed by Public Law 734, is levied and collected as to the trust fund as of December 31, 1950, for the calendar 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 salary earnings in the preceding quarter, as determined by the Secretary. 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 below, since the amounts are based on estimates of voluntary 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 approved in August 1952. $25 million is the estimated rate of employment income for calendar year 1951 and $30 million based on records of wages earned in the quarters ending September 30 and December 31, 1952. Interest on refunds is included in Table 5 under "Miscellaneous".
Treasury Bulletin
4
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 23/</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>98</td><td>-246</td><td>161</td><td>359</td><td>-23</td><td>845</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>690</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>1,519</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>924</td><td>2,315</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>2,044</td></tr><tr><td>1952</td><td>11,384</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>269</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>1,589</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>1,095</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>October</td><td>823</td><td>-12</td><td>72</td><td>-46</td><td>-</td><td>161</td><td>-6</td><td>224</td><td>208</td><td>220</td></tr><tr><td>1954 to date</td><td>4,420</td><td>894</td><td>221</td><td>4</td><td>160</td><td>648</td><td>-17</td><td>823</td><td>637</td><td>1,051</td></tr></table>
Source: Daily Treasury Statement.
Footnotes 1 through 7 on page 2 and 8, 9 on page 3.
10/ Expenditures are "net", after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts received to discharge 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 1950 (when these were combined with similar investments of trust funds in 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 these capital transfers may be found in the 1952 Annual Report of the Secretary of the Treasury, page 112 and 512.
11/ Beginning November 1949, an 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 Act of 1947 (see page 11).
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, shown in Table 4; river and harbor works and flood control, included in Table 5 under "Public works"; and Panama Canal.
18/ Department of the Navy expenditures during 1947-1949 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).
19/ Department of the Navy expenditures, excluding those included elsewhere in Table 3 and those for international finance and aid shown in Table 4.
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, the Selective Service
System, 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. Excludes Bank expenditures under the Mutual Security Act and the preceding Economic Cooperation Act of 1948, as amended. 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. Act of October 10, 1951 (64 Stat. 373). Prior to July 1951, consists of expenditures under the Economic Cooperation Act. 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 construction and furnishing of United Nations Headquarters. Department of Agriculture expenditures, excluding those included in Tables 3 and 4, and those for forest roads and trails, included in Table 5 under "Public works". Department of Commerce expenditures, excluding those included in Tables 3 and 4, and those for public roads included in Table 5 under "Public works"; includes U. S. Maritime Commission for eleven months of 1950, until it was abolished and functions were transferred into the Department of Commerce by Reorganization Plan No. 21 of 1950. 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. Collected 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 in 1951; and other executive agency expenditures except those in Table 3 until the Agency was abolished. Excludes "war" and "national defense" expenditures, included in Table 3 through 1947. See also footnote 29. Beginning October 1953, excludes activities under the Federal Civil Defense Act of 1950 and under Title III of the Defense Production Act of 1950, as amended, these functions having been transferred to the Secretary of the Treasury pursuant to the Reconstruction Finance Corporation Liquidation Act (Public Law 163), approved July 30, 1953, and Executive Order No. 10489, dated September 26, 1953. Includes expenditures for executive departments and other agencies not included elsewhere, and for legislative and judicial functions. Less than $500,000.
December 1957
5
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net of trust account and other transactions 1/</th><th colspan="3">Trust accounts, etc.</th><th>Net investments 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>160</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>3,352</td><td>387</td><td>-28</td></tr><tr><td>1948</td><td>-294</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>3,824 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>147</td><td>3,855</td><td>8,807</td><td>4,952</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>492</td><td>451</td><td>71</td><td>*</td><td>-75</td></tr><tr><td>October</td><td>-218</td><td>-225</td><td>378</td><td>604</td><td>-76</td><td>-2</td><td>72</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's retirement fund 1/</th><th>Other trust funds and accounts 2/</th></tr><tr><td>1946</td><td>7,712</td><td>1,386</td><td>312</td><td>1,280</td><td>2,351</td><td>103</td><td>614</td><td>1,666</td></tr><tr><td>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>5,716</td><td>1,924</td><td>625</td><td>1,173</td><td>690</td><td>92</td><td>630</td><td>553</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>1,512</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>22</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><tr><td>October</td><td>378</td><td>189</td><td>14</td><td>50</td><td>39</td><td>3</td><td>34</td><td>51</td></tr></table>
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian tribal funds, island possessions, increment resulting from
reduction in the weight of the gold dollar, and through June 1950 seigniorage on silver under the Silver Purchase Act of 1934. Thereafter any such seigniorage is included under budget receipts. 3/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
6
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust Account Expenditures Other Than Net Investments
(In millions of dollars; negative figures are excess of credit)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funds 1/</th><th>Other trust funds and accounts 2/ 3/</th><th>Deposit fund accounts (net) 3/</th></tr><tr><td>1946</td><td>4,174</td><td>358</td><td>152</td><td>1,116</td><td>280</td><td>50</td><td>267</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>959</td><td>306</td><td>70</td><td>244</td><td>1,234</td><td>367</td></tr><tr><td>1949</td><td>3,824 4/</td><td>661</td><td>278</td><td>1,314</td><td>343</td><td>61</td><td>222</td><td>526 4/</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>4,952</td><td>2,067</td><td>391</td><td>1,049</td><td>996</td><td>82</td><td>300</td><td>413</td><td>-346 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>-529</td></tr><tr><td>1953-January</td><td>296</td><td>230</td><td>39</td><td>100</td><td>43</td><td>6</td><td>30</td><td>41</td><td>-192</td></tr><tr><td>February</td><td>346</td><td>237</td><td>38</td><td>94</td><td>44</td><td>7</td><td>29</td><td>32</td><td>-136</td></tr><tr><td>March</td><td>758</td><td>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>488</td><td>256</td><td>40</td><td>92</td><td>50</td><td>8</td><td>33</td><td>40</td><td>-30</td></tr><tr><td>May</td><td>217</td><td>257</td><td>40</td><td>76</td><td>51</td><td>8</td><td>32</td><td>33</td><td>-280</td></tr><tr><td>June</td><td>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>-56</td></tr><tr><td>October</td><td>604</td><td>268</td><td>40</td><td>73</td><td>49</td><td>71</td><td>35</td><td>58</td><td>9</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>Fiscal year or month</th><th>Total</th><th>Total trust accounts, etc.</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employee's retirement funds 1/</th><th>Other trust funds and accounts 2/</th><th>Government corporations and agencies 3/</th></tr><tr><td>1946</td><td>3,668</td><td>3,668</td><td>1,002</td><td>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>3,050</td><td>3,060</td><td>1,194</td><td>569</td><td>446</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>316</td><td>160</td><td>353</td><td>32</td><td>447</td><td>*</td><td>-</td></tr><tr><td>1950</td><td>402</td><td>402</td><td>1,414</td><td>338</td><td>-724</td><td>-1,986</td><td>-26</td><td>543</td><td>*</td><td>-</td></tr><tr><td>1951</td><td>3,597</td><td>3,369</td><td>1,678</td><td>357</td><td>690</td><td>94</td><td>8</td><td>573</td><td>9</td><td>187</td></tr><tr><td>1952</td><td>3,636</td><td>3,355</td><td>1,950</td><td>449</td><td>583</td><td>-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>-85</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>-94</td></tr><tr><td>March</td><td>100</td><td>61</td><td>141</td><td>15</td><td>-85</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>180</td><td>-27</td><td>-13</td><td>-10</td><td>-4</td><td>2</td><td>16</td><td>-33</td></tr><tr><td>May</td><td>453</td><td>411</td><td>137</td><td>51</td><td>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>*</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><tr><td>October</td><td>-76</td><td>-73</td><td>39</td><td>-26</td><td>-17</td><td>-10</td><td>-66</td><td>*</td><td>7</td><td>-3</td></tr></table>
Source: Daily Treasury Statement.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Consists of Adjusted Service Certificate Fund prior to 1951; beginning with that year, includes also investments of other accounts which for prior years are included in Table 3 under "Other trust funds and accounts" and "Deposit fund accounts (net)".
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.
December 1955
7
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 decrease (-), in general fund balance</th><th rowspan="2">Memorandum: Net receipts from exercise of monetary authority $/</th></tr><tr><th>Cash budget receipts</th><th>Cash trust account receipts</th><th>Total</th><th>Cash budget expenditures</th><th>Cash trust account expenditures</th><th>Exchange Stabilization Fund $/</th><th>Clerging 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>-525</td><td>36,931</td><td>6,659</td><td>-19,389</td><td>-10,930</td><td>60</td></tr><tr><td>1948</td><td>41,804</td><td>3,595</td><td>45,400</td><td>32,482</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>37,217</td><td>3,328</td><td>98</td><td>-366</td><td>40,376</td><td>1,051</td><td>-2,513</td><td>-1,450</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>6,868</td><td>-207</td><td>-483</td><td>43,155</td><td>-2,105</td><td>4,233</td><td>2,047</td><td>25</td></tr><tr><td>1951</td><td>47,887</td><td>5,252</td><td>53,439</td><td>41,795</td><td>3,807</td><td>-13</td><td>214</td><td>45,806</td><td>7,635</td><td>-5,795</td><td>1,839</td><td>43</td></tr><tr><td>1952</td><td>61,991</td><td>6,102</td><td>68,093</td><td>62,559</td><td>4,947</td><td>9</td><td>401</td><td>67,956</td><td>137</td><td>-525</td><td>-238</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>4,078</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>-3,289</td><td>-97</td><td>-3,326</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>10,189</td><td>7,011</td><td>548</td><td>-</td><td>373</td><td>7,938</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>3</td></tr><tr><td>August</td><td>4,565</td><td>968</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>127</td><td>-1,067</td><td>6</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>6,294</td><td>78</td><td>-274</td><td>-196</td><td>4</td></tr><tr><td>October</td><td>2,649</td><td>301</td><td>2,950</td><td>5,388</td><td>606</td><td>-</td><td>-235</td><td>5,759</td><td>-2,809</td><td>457</td><td>-2,332</td><td>5</td></tr><tr><td>1954 to date</td><td>16,488</td><td>1,975</td><td>18,464</td><td>23,038</td><td>2,100</td><td>22</td><td>-387</td><td>24,774</td><td>-6,310</td><td>6,766</td><td>456</td><td>18</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-
In addition to this decrease in the general fund balance, the Exchange Stabilization Fund was drawn down by $1,800 million for subscription to the capital of the International Monetary Fund.
Table 2.- Derivation of Cash Budget Receipts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net budget receipts 1/</th><th>Plus: Noncash items deducted from budget receipts - excess profit tax refund bonds 2/</th><th>Total</th><th colspan="4">Loans: Noncash budget receipts</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>Reimbursement for administrative expenses 3/</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>Interest R. F. C.</th><th>Other</th><th>Repayment of capital stock and paid-in surplus 3/</th><th></th><th></th></tr><tr><td>1946</td><td>40,027</td><td>-970</td><td>125</td><td>90</td><td>27</td><td>-</td><td>37</td><td>38,902</td></tr><tr><td>1947</td><td>40,043</td><td>-39</td><td>120</td><td>91</td><td>13</td><td>-</td><td>16</td><td>39,884</td></tr><tr><td>1948</td><td>42,211</td><td>-10</td><td>396</td><td>89</td><td>23</td><td>270</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>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>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>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>26</td><td>61,991</td></tr><tr><td>1953</td><td>65,218</td><td>*</td><td>210</td><td>4</td><td>110</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>34</td><td>68,096</td></tr><tr><td>1953-January</td><td>5,061</td><td>*</td><td>43</td><td>2</td><td>34</td><td>-</td><td>8</td><td>5,018</td></tr><tr><td>February</td><td>5,479</td><td>*</td><td>3</td><td>-</td><td>1</td><td>-</td><td>2</td><td>5,475</td></tr><tr><td>March</td><td>10,502</td><td>*</td><td>2</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>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>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>3</td><td>9,696</td></tr><tr><td>July</td><td>3,308</td><td>*</td><td>31</td><td>1</td><td>28</td><td>-</td><td>2</td><td>3,277</td></tr><tr><td>August</td><td>1,568</td><td>*</td><td>3</td><td>-</td><td>*</td><td>-</td><td>3</td><td>1,565</td></tr><tr><td>September</td><td>6,041</td><td>*</td><td>43</td><td>-</td><td>*</td><td>-</td><td>43</td><td>5,998</td></tr><tr><td>October</td><td>2,659</td><td>*</td><td>10</td><td>-</td><td>8</td><td>-</td><td>2</td><td>2,649</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 Administration Fund and reimbursement by the District of Columbia. Less than $500,000.
Treasury Bulletin
8
TREASURY CASH INCOME AND OUTGO
Table 3.- Derivation of Cash Budget Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total budget expenditures 1/</th><th colspan="3">Interest payments by Treasury</th><th rowspan="2">Transfers to trust accounts</th><th rowspan="2">Payroll deductions for Government employee' retirement</th><th colspan="3">Budget expenditures involving issuance of Federal securities 2/</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 savings bonds and Treasury bills 2/</th><th>To Government corporations not wholly owned 3/</th><th>To trust funds and accounts</th><th>Armed forces leave bonds</th><th>Adjusted service bonds</th><th>Notes issued to International Bank and Fund</th><th>Interest</th><th>Investments in Federal securities</th></tr><tr><td>1946</td><td>60,703</td><td>3,281</td><td>435</td><td>22</td><td>567</td><td>1,927</td><td>281</td><td>-</td><td>-86</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>646</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>32,982</td></tr><tr><td>1949</td><td>40,057</td><td>2,540</td><td>590</td><td>29</td><td>841</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>56,145</td><td>3,946</td><td>779</td><td>38</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>5,955</td><td>168</td><td>40</td><td>*</td><td>2</td><td>101</td><td>25</td><td>-2</td><td>*</td><td>-</td><td>1</td><td>-</td><td>5,427</td></tr><tr><td>Mar</td><td>6,187</td><td>128</td><td>23</td><td>1</td><td>13</td><td>58</td><td>35</td><td>-2</td><td>*</td><td>-</td><td>*</td><td>-</td><td>6,099</td></tr><tr><td>Apr</td><td>6,362</td><td>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>7,928</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>1</td><td>12</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><tr><td>Oct</td><td>5,477</td><td>89</td><td>*</td><td>5</td><td>27</td><td>18</td><td>33</td><td>-1</td><td>*</td><td>-</td><td>8</td><td>-</td><td>5,388</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
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 receivables</th><th colspan="4">Less: Noncash receipts</th><th rowspan="2">Equals: Cash trust account receivables</th><th rowspan="2">Total trust account and other expenseitures</th><th colspan="3">Less: Noncash expenditures</th><th rowspan="2">Equals: Cash trust account expenseitures</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 expenseitures</th><th>Net investments in Federal securities</th><th>By trust funds and accounts</th><th>By Government agencies 2/</th><th>Other 1/</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>6,244</td><td>2,538</td><td>646</td><td>1,361</td><td>299</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>3,870</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>2,232</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>6,569</td><td>2,623</td><td>880</td><td>1,353</td><td>358</td><td>2</td><td>4,086</td><td>6,570</td><td>-298</td><td>-405</td><td>69</td><td>37</td><td>6,866</td></tr><tr><td>1951....</td><td>7,736</td><td>2,244</td><td>892</td><td>972</td><td>378</td><td>2</td><td>5,552</td><td>7,117</td><td>3,310</td><td>3,359</td><td>187</td><td>-246</td><td>3,807</td></tr><tr><td>1952....</td><td>8,307</td><td>2,705</td><td>987</td><td>1,079</td><td>411</td><td>3</td><td>6,102</td><td>8,460</td><td>3,713</td><td>3,395</td><td>281</td><td>717</td><td>5,947</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>3,357</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>2,371</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>980</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>-54</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>417</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>157</td><td>37</td><td>2</td><td>962</td><td>858</td><td>400</td><td>410</td><td>-14</td><td>4</td><td>458</td></tr><tr><td>Sept.</td><td>1,482</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><tr><td>Oct..</td><td>378</td><td>78</td><td>97</td><td>18</td><td>33</td><td>-</td><td>301</td><td>597</td><td>-9</td><td>-73</td><td>-3</td><td>67</td><td>606</td></tr></table>
Source: See Table 1.
1/ Includes proceeds of ship sales carried in trust accounts pending allocation to budget receipts from sale of surplus property, and District of Columbia securities for which the District of Columbia is the holder for 1947 and 1948 include $53 million and $0 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, titles and net rejections, or insurance (-), in the market of securities of Government agencies (see "Trust Account and Other Transactions", Table 1).
3/ Prior to 1951 consists of net investments of corporations not wholly owned; beginning with that year, includes also those of wholly owned corporations and agencies which for prior years are included in budget expenditures.
4/ 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.
December 1955
9
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="10">Lease: Noncash debt transactions</th><th rowspan="2">Plus: Cash issuance of non-guaranteed securities of Federal agencies</th><th rowspan="2">Equals: Net cash borrowing, or repayment of borrowing (-) 5/</th></tr><tr><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Total</th><th>Net investments in Federal securities</th><th>By trust funds and accounts</th><th>By Gov't agencies</th><th>Armed forces leave bonds 1/</th><th>Adjusted service bonds 1/</th><th>Notes for International Bank and Fund 1/2/</th><th>Exceeds profit tax refund bonds 3/</th><th>Interest on savings bonds and Treasury bills 4/</th><th>Net transactions in guaranteed securities not reflected in Treasurer's accounts</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>-</td><td>-86</td><td>-</td><td>-970</td><td>435</td><td>203</td><td>66</td><td>7,439</td></tr><tr><td>1947</td><td>-11,136</td><td>-387</td><td>-11,523</td><td>7,892</td><td>3,362</td><td>178</td><td>1,193</td><td>-8</td><td>2,140</td><td>-39</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>-1,229</td><td>-4</td><td>-913</td><td>-10</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>-2</td><td>-123</td><td>-4</td><td>580</td><td>-</td><td>-28</td><td>-2,313</td></tr><tr><td>1950</td><td>4,587</td><td>-8</td><td>4,579</td><td>334</td><td>-405</td><td>97</td><td>-95</td><td>-2</td><td>166</td><td>-1</td><td>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>-160</td><td>-1</td><td>13</td><td>-1</td><td>638</td><td>-</td><td>374</td><td>-5,795</td></tr><tr><td>1952</td><td>3,883</td><td>16</td><td>3,900</td><td>4,316</td><td>3,359</td><td>281</td><td>-68</td><td>-1</td><td>-2</td><td>-1</td><td>779</td><td>-</td><td>-38</td><td>-525</td></tr><tr><td>1953</td><td>6,966</td><td>7</td><td>6,972</td><td>4,023</td><td>3,068</td><td>232</td><td>-24</td><td>-1</td><td>28</td><td>*</td><td>719</td><td>-</td><td>-32</td><td>2,910</td></tr><tr><td>1954 (Est.)</td><td>5,029</td><td>-25</td><td>5,004</td><td>3,432</td><td>2,800</td><td>152</td><td>-20</td><td>*</td><td>-</td><td>*</td><td>500</td><td>-</td><td>137</td><td>1,709</td></tr><tr><td>1953-Jan.</td><td>11</td><td>-6</td><td>5</td><td>212</td><td>-112</td><td>242</td><td>-2</td><td>*</td><td>-</td><td>*</td><td>86</td><td>-</td><td>35</td><td>-173</td></tr><tr><td>Feb.</td><td>136</td><td>2</td><td>139</td><td>227</td><td>283</td><td>-94</td><td>-2</td><td>*</td><td>19</td><td>*</td><td>60</td><td>-</td><td>-134</td><td>-178</td></tr><tr><td>Mar.</td><td>-3,099</td><td>1</td><td>-3,098</td><td>101</td><td>61</td><td>38</td><td>-2</td><td>*</td><td>-19</td><td>*</td><td>23</td><td>-</td><td>11</td><td>-3,188</td></tr><tr><td>Apr.</td><td>105</td><td>1</td><td>106</td><td>152</td><td>144</td><td>-33</td><td>-2</td><td>*</td><td>-</td><td>*</td><td>42</td><td>-</td><td>-51</td><td>-97</td></tr><tr><td>May</td><td>1,930</td><td>*</td><td>1,930</td><td>544</td><td>411</td><td>42</td><td>-1</td><td>*</td><td>44</td><td>*</td><td>48</td><td>-</td><td>38</td><td>1,425</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>*</td><td>-</td><td>*</td><td>71</td><td>-</td><td>33</td><td>-1,222</td></tr><tr><td>July</td><td>6,598</td><td>11</td><td>6,609</td><td>169</td><td>80</td><td>-19</td><td>-1</td><td>*</td><td>-</td><td>*</td><td>109</td><td>-</td><td>15</td><td>6,456</td></tr><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>*</td><td>-11</td><td>*</td><td>28</td><td>-</td><td>1</td><td>127</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>*</td><td>-11</td><td>*</td><td>22</td><td>-</td><td>75</td><td>-274</td></tr><tr><td>Oct.</td><td>449</td><td>2</td><td>452</td><td>-77</td><td>-73</td><td>-3</td><td>-1</td><td>*</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-72</td><td>457</td></tr></table>
Source: See Table 1.
1/ The issuance of these securities is treated as a noncash budget expenditure at the time of issuances 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 (-). 4/ See Table 3, footnote 2. 5/ Includes borrowing through Postal Savings System. * Less than $500,000.
10
Treasury Bulletin
DEBT OUTSTANDING AND GENERAL FUND
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="2">Total outstanding</th><th colspan="2">Interest-bearing debt</th><th colspan="5">Matured debt and debt bearing no interest</th></tr><tr><th>Total</th><th>Public debt</th><th>Guaranteed securities 1/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities 1/</th><th>Total</th><th>Public debt</th><th>Monetary Fund 2/</th><th>Other 3/</th><th>Guaranteed securities 1/ (matured)</th></tr><tr><td>1946</td><td>269,898</td><td>269,422</td><td>476</td><td>268,778</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>258,316</td><td>258,286</td><td>90</td><td>257,137</td><td>257,113</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>282,366</td><td>282,292</td><td>73</td><td>280,132</td><td>280,061</td><td>69</td><td>2,229</td><td>2,229</td><td>280</td><td>1,161</td><td>788</td><td>5</td></tr><tr><td>1949</td><td>292,798</td><td>292,770</td><td>27</td><td>290,795</td><td>290,766</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>257,337</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>263,997</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>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>1,313</td><td>1,301</td><td>238</td><td>-</td><td>1,063</td><td>12</td></tr><tr><td>1952-December</td><td>267,445</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>1,258</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>264,489</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>264,682</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>292</td><td>1,258</td><td>589</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><tr><td>October</td><td>273,452</td><td>273,386</td><td>66</td><td>271,356</td><td>271,291</td><td>65</td><td>2,097</td><td>2,095</td><td>301</td><td>1,280</td><td>515</td><td>1</td></tr></table>
Source: Daily Treasury Statement.
1/ Excludes guaranteed securities held by the Treasury. For current month detail by issues, see "Treasury Survey of Ownership".
2/ Special notes of the United States issued to the International Monetary Fund in payment of part of the United States subscription, pursuant to provisions of the Bretton Woods Agreements Act.
notes bear no interest, are nonnegotiable, and are payable on demand. Similar notes issued to the International Bank and outstanding 1947-1949 are included under "Other". 
3/ Includes savings stamps, excess profits tax refund bonds, currency items, and notes issued to the International Bank (see footnote 2). 
For current-month detail, see "Statutory Debt Limitation", Table 2.
Table 2.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total interest-bearing public debt</th><th colspan="7">Marketable</th><th colspan="5">Nonmarketable</th><th rowspan="2">Special issues</th></tr><tr><th>Total public issues</th><th>Total</th><th>Bills</th><th>Certificate notes</th><th>Treasury bonds</th><th>Bank re-eligible</th><th>Bank re-structured</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></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>65,864</td><td>53,459</td><td>180</td><td>56,173</td><td>49,035</td><td>6,711</td><td>-</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>69,686</td><td>49,636</td><td>166</td><td>59,045</td><td>51,367</td><td>5,560</td><td>1,793</td><td>-</td><td>325</td><td>27,366</td></tr><tr><td>1948</td><td>250,063</td><td>219,892</td><td>160,346</td><td>13,797</td><td>22,588</td><td>11,375</td><td>62,868</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>11,536</td><td>29,427</td><td>3,596</td><td>60,789</td><td>49,636</td><td>162</td><td>62,839</td><td>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>67,544</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>228,852</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>136</td><td>80,281</td><td>57,572</td><td>7,818</td><td>47</td><td>14,586</td><td>319</td><td>34,553</td></tr><tr><td>1952</td><td>256,863</td><td>219,128</td><td>140,407</td><td>17,219</td><td>28,423</td><td>18,963</td><td>48,800</td><td>27,460</td><td>142</td><td>78,717</td><td>57,685</td><td>6,632</td><td>-</td><td>14,086</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>15,884</td><td>30,425</td><td>63,980</td><td>17,245</td><td>124</td><td>76,073</td><td>57,886</td><td>4,433</td><td>-</td><td>13,288</td><td>447</td><td>40,538</td></tr><tr><td>Debt peak:</td><td></td><td></td><td></td><td></td><td></td><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>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>-</td><td>471</td><td>20,897</td></tr><tr><td>1952-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>77,653</td><td>58,134</td><td>5,676</td><td>-</td><td>13,440</td><td>402</td><td>39,097</td></tr><tr><td>Feb.</td><td>265,439</td><td>226,187</td><td>148,445</td><td>21,710</td><td>15,958</td><td>30,282</td><td>59,359</td><td>21,012</td><td>124</td><td>77,742</td><td>58,268</td><td>5,642</td><td>-</td><td>13,433</td><td>399</td><td>39,302</td></tr><tr><td>Mar.</td><td>262,380</td><td>223,055</td><td>145,988</td><td>19,211</td><td>15,959</td><td>30,327</td><td>59,358</td><td>21,009</td><td>124</td><td>77,037</td><td>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>224,735</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>57,886</td><td>4,453</td><td>-</td><td>13,288</td><td>447</td><td>40,538</td></tr><tr><td>July</td><td>270,603</td><td>230,009</td><td>153,757</td><td>20,207</td><td>21,756</td><td>30,455</td><td>63,989</td><td>17,243</td><td>107</td><td>76,292</td><td>57,871</td><td>4,706</td><td>-</td><td>13,231</td><td>444</td><td>40,594</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>40,968</td></tr><tr><td>Sept.</td><td>270,744</td><td>229,785</td><td>152,804</td><td>19,508</td><td>26,359</td><td>33,578</td><td>59,837</td><td>13,406</td><td>107</td><td>76,982</td><td>57,795</td><td>5,639</td><td>-</td><td>13,088</td><td>459</td><td>40,958</td></tr><tr><td>Oct.</td><td>271,291</td><td>230,403</td><td>152,977</td><td>19,509</td><td>26,385</td><td>33,736</td><td>59,836</td><td>13,404</td><td>107</td><td>77,427</td><td>57,775</td><td>6,258</td><td>-</td><td>12,939</td><td>454</td><td>40,888</td></tr></table>
Sources: 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
trading purposes. 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.
December 1957
11
DEBT OUTSTANDING AND GENERAL FUND
Table 3.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Federal Deposit Insurance Corporation</th><th>Federal home loan banks</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Government employees' retirement fund</th><th>Government Life Insurance Fund</th><th>National Service Life Insurance Fund</th><th>Postal Savings System 1/</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>Other 2/</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>5,280</td><td>782</td><td>657</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>7,142</td><td>30</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>6,933</td><td>1,912</td><td>1,374</td><td>7,500</td><td>11</td></tr><tr><td>1949</td><td>32,775</td><td>566</td><td>117</td><td>9,003</td><td>95</td><td>3,270</td><td>1,318</td><td>7,289</td><td>1,992</td><td>1,720</td><td>7,340</td><td>7</td></tr><tr><td>1950</td><td>32,356</td><td>808</td><td>119</td><td>10,418</td><td>79</td><td>3,817</td><td>1,292</td><td>5,342</td><td>1,802</td><td>2,058</td><td>6,616</td><td>6</td></tr><tr><td>1951</td><td>34,653</td><td>868</td><td>77</td><td>12,096</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>5,301</td><td>1,300</td><td>5,191</td><td>522</td><td>2,863</td><td>7,745</td><td>9</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>452</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>2,980</td><td>8,123</td><td>17</td></tr><tr><td>1953-January</td><td>39,097</td><td>912</td><td>51</td><td>14,746</td><td>56</td><td>5,378</td><td>1,282</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>5,384</td><td>1,280</td><td>5,159</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>5,159</td><td>495</td><td>3,023</td><td>8,074</td><td>19</td></tr><tr><td>April</td><td>39,474</td><td>886</td><td>50</td><td>15,098</td><td>56</td><td>5,390</td><td>1,272</td><td>5,149</td><td>495</td><td>2,996</td><td>8,061</td><td>19</td></tr><tr><td>May</td><td>39,720</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>62</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>58</td><td>5,605</td><td>1,295</td><td>5,249</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>8,529</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>5,249</td><td>419</td><td>3,201</td><td>8,475</td><td>7</td></tr><tr><td>October</td><td>40,888</td><td>823</td><td>57</td><td>15,793</td><td>56</td><td>5,642</td><td>1,286</td><td>5,239</td><td>412</td><td>3,175</td><td>8,458</td><td>7</td></tr></table>
Source: Daily Treasury Statement.
1/ Includes Canal Zone Postal Saving 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="7">Computed annual interest rate</th><th rowspan="2">Guaranteed securities 1/</th></tr><tr><th>Amount outstanding</th><th>Public debt</th><th>Computed annual interest charge</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 4/</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>.1713</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>1.871</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>1.042</td><td>1,204</td><td>2,309</td><td>2,623</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>2,629</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>1,344</td><td>2,322</td><td>2,569</td><td>2,589</td><td>2,684</td></tr><tr><td>1951</td><td>252,879</td><td>252,852</td><td>5,740</td><td>2,270</td><td>2,270</td><td>1.983</td><td>1.569</td><td>1.875</td><td>1,399</td><td>2,327</td><td>2,623</td><td>2,606</td><td>2,656</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>1.711</td><td>1.875</td><td>1,560</td><td>2,317</td><td>2,659</td><td>2,675</td><td>2,778</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>2,975</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>6,313</td><td>2,378</td><td>2,378</td><td>2.141</td><td>2.047</td><td>2.083</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>2,728</td><td>2,751</td><td>2,562</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>2,436</td><td>2,436</td><td>2.242</td><td>2.067</td><td>2.482</td><td>1,852</td><td>2,380</td><td>2,733</td><td>2,751</td><td>2,560</td></tr><tr><td>October</td><td>271,356</td><td>271,291</td><td>6,603</td><td>2,435</td><td>2,435</td><td>2.206</td><td>1.792</td><td>2.482</td><td>1,851</td><td>2,380</td><td>2,720</td><td>2,749</td><td>2,558</td></tr></table>
Source: Daily Treasury Statement.
1/ Exclude guaranteed securities held by the Treasury.
2/ Total includes "Other bonds"; see Table 2.
3/ Included in debt outstanding at face amount, but discount value is used.
In computing annual interest charge and annual interest rate. The annual interest charge and annual interest rate on United States savings bonds are computed on the basis of the rate to maturity applied against the amount outstanding.
12
Treasury Bulletin
DEBT OUTSTANDING AND GENERAL FUND
Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies 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 of 1950 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 2/</th><th>Rural Electrification Administration</th><th>Secretary of Agriculture 6/</th><th>Tennessee Valley Authority</th><th>Other 7/</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>250</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>702</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>187</td><td>34</td><td>247</td></tr><tr><td>Feb.</td><td>10,953</td><td>2,608</td><td>345</td><td>1,150</td><td>2,361</td><td>1,180</td><td>778</td><td>184</td><td>1,895</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>1,182</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>182</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>Sep.</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><tr><td>Oct.</td><td>12,880</td><td>3,917</td><td>451</td><td>1,466</td><td>2,547</td><td>1,194</td><td>588</td><td>159</td><td>2,033</td><td>202</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 other agencies, with the Treasury itself
receiving 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/ Securities consist of notes of the Secretary of the Interior (Defense
Minerals Exploration Administration), Export-Import Bank of Washington,
the Administrator of the General Services Administration (to whom the
functions of the Defense Materials Procurement Agency were transferred
in 1951), the Federal Reserve System, the Treasury (to whom the activities
of the Reconstruction Finance Corporation under this act were transferred
pursuant to Public Law 153, approved July 30, 1953, and Executive Order
No. 10489, dated September 26, 1953).
3/ Excludes securities issued under Defense Production Act.
4/ Consists of elim clearance program; Federal National Mortgage Association
and prefabricated housing loans program, transferred from the Reconstruction 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/ Congress of November 1948 funded the Federal 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 loans beginning August 1950. 8/ The project loan program, beginning with $535 million, including notes outstanding in the loans of $48,365 million, and 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>Total</th><th colspan="2">Bullion, coin, and currency</th><th colspan="2">Assets</th><th>Liabilities</th><th>Balance in the General Fund</th></tr><tr><th></th><th></th><th>Gold</th><th>Other</th><th>Deposits in Federal Reserve Banks</th><th>Deposits in special depositaries</th><th>Other deposits and collections</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>Available funds</th><th>In process of collection</th><th></th><th></th><th></th></tr><tr><td>1946</td><td>1k,708</td><td>160</td><td>283</td><td>1,006</td><td>-</td><td>12,993</td><td>305</td><td>1k,238</td></tr><tr><td>1947</td><td>3,730</td><td>1,023</td><td>232</td><td>1,202</td><td>-</td><td>962</td><td>310</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>4,932</td></tr><tr><td>1949</td><td>3,862</td><td>1,022</td><td>219</td><td>1,318</td><td>103</td><td>1,771</td><td>309</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>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>5,630</td><td>380</td><td>7,357</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>488</td><td>6,969</td></tr><tr><td>1953</td><td>5,096</td><td>98</td><td>161</td><td>132</td><td>210</td><td>3,071</td><td>538</td><td>4,670</td></tr><tr><td>1952-December</td><td>6,592</td><td>1,007</td><td>160</td><td>389</td><td>176</td><td>4,368</td><td>483</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>5,689</td></tr><tr><td>February</td><td>6,504</td><td>989</td><td>186</td><td>351</td><td>174</td><td>4,376</td><td>488</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>6,908</td></tr><tr><td>April</td><td>4,099</td><td>986</td><td>169</td><td>393</td><td>180</td><td>1,899</td><td>513</td><td>3,582</td></tr><tr><td>May</td><td>4,086</td><td>988</td><td>172</td><td>221</td><td>108</td><td>2,109</td><td>489</td><td>3,639</td></tr><tr><td>June</td><td>5,096</td><td>988</td><td>161</td><td>132</td><td>210</td><td>3,071</td><td>538</td><td>4,670</td></tr><tr><td>July</td><td>9,115</td><td>999</td><td>146</td><td>548</td><td>181</td><td>6,630</td><td>590</td><td>7,741</td></tr><tr><td>August</td><td>8,113</td><td>993</td><td>158</td><td>696</td><td>96</td><td>5,829</td><td>585</td><td>7,694</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>7,147</td></tr><tr><td>October</td><td>5,481</td><td>988</td><td>169</td><td>662</td><td>185</td><td>2,892</td><td>586</td><td>5,126</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>355</td><td></td></tr></table>
Source: Daily Treasury Statement. 1/ On account of withheld taxes and sales of Government securities.
December 1955
13
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended, (31 U.S.C. 157 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, October 31, 1953
(In millions of dollars)
<table><tr><td>Maximum amount of securities which may be outstanding at any one time, under limitation imposed by the act of June 26, 1946 (31 U.S.C. 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>272,809</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury)</td><td>66</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>272,875</td></tr><tr><td>Balance issuable under limitation.</td><td>2,125</td></tr></table>
Source: Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding October 31, 1953
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td><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>19,509</td><td>-</td><td>19,509</td></tr><tr><td>Certificates of indebtedness</td><td>26,385</td><td>-</td><td>26,385</td></tr><tr><td>Treasury notes</td><td>33,736</td><td>-</td><td>33,736</td></tr><tr><td>Treasury bonds - bank eligible</td><td>59,836</td><td>-</td><td>59,836</td></tr><tr><td>Treasury bonds - bank restricted 1/</td><td>13,404</td><td>-</td><td>13,404</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>152,870</td><td>107</td><td>152,977</td></tr><tr><td>Normarketable:</td><td></td><td></td><td></td></tr><tr><td>U. S. savings bonds (current redemption value)</td><td>57,775</td><td>-</td><td>57,775</td></tr><tr><td>Treasury savings notes</td><td>6,258</td><td>-</td><td>6,258</td></tr><tr><td>Depositary bonds</td><td>454</td><td>-</td><td>454</td></tr><tr><td>Treasury bonds, investment series</td><td>12,939</td><td>-</td><td>12,939</td></tr><tr><td>Total normarketable</td><td>77,427</td><td>-</td><td>77,427</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>40,888</td><td>-</td><td>40,888</td></tr><tr><td>Total interest-bearing securities</td><td>271,184</td><td>107</td><td>271,291</td></tr><tr><td>Matured securities on which interest has ceased</td><td>296</td><td>5</td><td>301</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>48</td><td>-</td><td>48</td></tr><tr><td>Excess profits tax refund bonds</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Special notes of the United States</td><td>1,280</td><td>-</td><td>1,280</td></tr><tr><td>International Monetary Fund Series</td><td>-</td><td>191</td><td>191</td></tr><tr><td>United States notes (less gold reserve)</td><td>-</td><td>269</td><td>269</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>-</td><td>6</td><td>6</td></tr><tr><td>Other debt bearing no interest</td><td>1,329</td><td>466</td><td>1,795</td></tr><tr><td>Total public debt</td><td>272,809</td><td>577</td><td>273,386</td></tr><tr><td>Guaranteed securities: 2/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>65</td><td>-</td><td>65</td></tr><tr><td>Matured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>66</td><td>-</td><td>66</td></tr><tr><td>Total public debt and guaranteed securities</td><td>272,875</td><td>577</td><td>273,452</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.
14
Treasury Bulletin
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding October 31, 1953
(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 re-stricted issues become bank 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 re-stricted issues become bank eligible 3/</th></tr><tr><th>Fixed maturity issues</th><th>Callabe issues classified by year of: First call</th><th>Final maturity</th><th>Fixed maturity issues</th><th>Callabe issues classified by year of: 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>Nov.</td><td>Bills</td><td>6,004</td><td>-</td><td>-</td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>2,996</td><td>927</td><td>-</td><td></td></tr><tr><td>Dec.</td><td>Bills</td><td>6,001</td><td>-</td><td>-</td><td>Apr.</td><td>2-7/8% Note - 3/15/57-A</td><td>531</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>2-1/8% Note - 12/1/53-A</td><td>10,542</td><td>-</td><td>-</td><td>Oct.</td><td>1-1/2% Note - 10/1/57-80</td><td>804</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>Total</td><td>22,547</td><td>-</td><td>-</td><td></td><td>Total</td><td>4,331</td><td>927</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>Jan.</td><td>Bills</td><td>7,504</td><td>-</td><td>-</td><td>1958</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>2-1/4% Certificate - 2/15/54-A</td><td>8,114</td><td>-</td><td>-</td><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>-</td><td>1,449</td><td></td></tr><tr><td>Mar.</td><td>1-3/8% Note 2-1/2% Certificate (Tax Anticipation Series) - 3/22/54-C</td><td>4,675</td><td>4,902</td><td>-</td><td>Apr.</td><td>1-1/2% Note - 4/1/58-EA</td><td>383</td><td>-</td><td>-</td><td></td></tr><tr><td>June.</td><td>2% Bond 2-1/4% Bond 2% Bond 2-1/4% Bond 2-5/8% Certificate - 12/15/51-55 6/15/52-54 12/15/52-54 12/15/52-54 6/15/54-56 6/15/54-58</td><td>5,825</td><td>510</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></tr><tr><td></td><td></td><td>1,501</td><td>8,662</td><td>-</td><td>Oct.</td><td>1-1/2% Note - 10/1/58-80</td><td>9</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td></td><td>681</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></tr><tr><td>Aug.</td><td>2-5/8% Certificate - 8/15/54-D</td><td>2,788</td><td>-</td><td>-</td><td></td><td>Total</td><td>5,257</td><td>919</td><td>1,449</td><td></td></tr><tr><td>Sept.</td><td>2-5/8% Certificate - 9/15/54-E</td><td>4,723</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2% Bond - 12/15/52-54</td><td>-</td><td>8,662</td><td>-</td><td>1959</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>44,390</td><td>11,354</td><td>8,662</td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>-</td><td>927</td><td></td></tr><tr><td>1955</td><td></td><td></td><td></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></tr><tr><td>Mar.</td><td>1-1/2% Note 2-7/8% Bond - 3/15/55-A</td><td>5,365</td><td>2,611</td><td>-</td><td>Sept.</td><td>2-3/8% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>982</td><td></td></tr><tr><td></td><td>3/15/55-60</td><td></td><td></td><td>-</td><td></td><td>2-1/4% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>3,822</td><td></td></tr><tr><td>June.</td><td>2-1/4% Bond - 6/15/56-55</td><td>-</td><td>1,501</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></tr><tr><td>Dec.</td><td>2% 1-3/8% Note - 12/15/51-55 12/15/55-58</td><td>6,854</td><td>510</td><td>-</td><td></td><td>Total</td><td>-</td><td>8,744</td><td>5,730</td><td></td></tr><tr><td></td><td>Total</td><td>12,219</td><td>2,611</td><td>2,011</td><td></td><td></td><td></td><td></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 - 3/15/56-60</td><td>-</td><td>-</td><td>2,611</td><td></td></tr><tr><td>Apr.</td><td>1-1/2% Note - 4/1/56-EA</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></tr><tr><td>June.</td><td>2-1/4% Bond - 6/15/54-56</td><td>-</td><td>681</td><td>-</td><td></td><td>Total</td><td>-</td><td>1,485</td><td>2,611</td><td></td></tr><tr><td>Sept.</td><td>2-3/8% Bond 2-1/4% Bond - 9/15/56-59 9/15/56-59</td><td>-</td><td>982</td><td>3,822</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>590</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>1,557</td><td>6,252</td><td>681</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
15
December 1955
DEBT OPERATIONS
City Schedule of Interest-Bearing Public Markets
Issued by the United States Government
and Outstanding October 31, 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>Dete bank re-stricted issues become eligible 3/</th><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th><th>Dete bank re-stricted issues become eligible 3/</th></tr><tr><th></th><th></th><th>Fixed maturity issues</th><th>Callable issues classified by year of: First call</th><th>Final maturity</th><th></th><th></th><th></th><th>Fixed maturity issues</th><th>Callable issues classified by year of: First call</th><th>Final maturity</th><th></th></tr><tr><td>1961 June.</td><td>3% Panama Canal bond - 6/1/61</td><td>50</td><td>-</td><td>-</td><td></td><td>1967 June.</td><td>2-1/2% Bond - 6/15/62-67.............</td><td>-</td><td>1,893</td><td>2,116</td><td>6/15/62</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>Sept.</td><td>2-1/2% Bond - 9/15/67-72.............</td><td>-</td><td>2,716</td><td>-</td><td></td></tr><tr><td>1962 June.</td><td>2-1/4% Bond - 6/15/59-62.............</td><td>-</td><td>2,116</td><td>5,278</td><td></td><td>Dec.</td><td>2-1/2% Bond - 12/15/67-72.............</td><td>-</td><td>3,828</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>2,116</td><td>-</td><td></td><td>Total</td><td></td><td>-</td><td>8,437</td><td>2,116</td><td></td></tr><tr><td>Dec.</td><td>2-1/4% Bond - 12/15/59-62.............</td><td>-</td><td>-</td><td>3,466</td><td></td><td>1968 Dec.</td><td>2-1/2% Bond - 12/15/63-68.............</td><td>-</td><td>-</td><td>2,827</td><td></td></tr><tr><td>Total</td><td></td><td>-</td><td>2,116</td><td>8,744</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1963 June.</td><td>2-3/4% Bond - 6/15/58-63.............</td><td>-</td><td>-</td><td>919</td><td></td><td>1969 June.</td><td>2-1/2% Bond - 6/15/64-69.............</td><td>-</td><td>-</td><td>3,756</td><td></td></tr><tr><td></td><td>2-1/2% Bond - 12/15/63-68.............</td><td>-</td><td>2,827</td><td>-</td><td></td><td>Dec.</td><td>2-1/2% Bond - 12/15/64-69.............</td><td>-</td><td>-</td><td>3,832</td><td></td></tr><tr><td>Dec.</td><td>Total</td><td>-</td><td>2,827</td><td>919</td><td></td><td>Total</td><td></td><td>-</td><td>-</td><td>7,587</td><td></td></tr><tr><td>1970 Mar.</td><td>2-1/2% Bond - 3/15/65-70.............</td><td>-</td><td>-</td><td>4,721</td><td>2/1/54</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1964 June.</td><td>2-1/2% Bond - 6/15/64-69.............</td><td>-</td><td>3,756</td><td>-</td><td></td><td>1971 Mar.</td><td>2-1/2% Bond - 3/15/66-71.............</td><td>-</td><td>-</td><td>2,962</td><td>12/1/54</td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 12/15/64-69.............</td><td>-</td><td>3,832</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td>-</td><td>7,587</td><td>-</td><td></td><td>1972 June.</td><td>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 Mar.</td><td>2-1/2% Bond - 3/15/65-70.............</td><td>-</td><td>4,721</td><td>-</td><td>2/1/54</td><td>Sept.</td><td>2-1/2% Bond - 9/15/67-72.............</td><td>-</td><td>-</td><td>2,716</td><td></td></tr><tr><td>Dec.</td><td>2-3/4% Bond - 12/15/60-65.............</td><td>-</td><td>-</td><td>1,485</td><td></td><td>Dec.</td><td>2-1/2% Bond - 12/15/67-72.............</td><td>-</td><td>-</td><td>3,828</td><td>12/15/62</td></tr><tr><td>Total</td><td></td><td>-</td><td>4,721</td><td>1,485</td><td></td><td>Total</td><td></td><td>-</td><td>-</td><td>8,437</td><td></td></tr><tr><td>1978 June.</td><td>3-1/4% Bond - 6/15/78-83.............</td><td>-</td><td>1,606</td><td>-</td><td></td><td>1983 June.</td><td>3-1/4% Bond - 6/15/78-83.............</td><td>-</td><td>-</td><td>1,606</td><td></td></tr><tr><td>1966 Mar.</td><td>2-1/2% Bond - 3/15/66-71.............</td><td>-</td><td>2,962</td><td>-</td><td>12/1/54</td><td></td><td></td><td></td><td></td><td></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 Survery 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.
16
Treasury Bulletin
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
<table><tr><th rowspan="2">Issue date</th><th colspan="7">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>Maturity date</th><th>Number of days to maturity</th><th>Amount of bid tendered</th><th>Total amount</th><th colspan="2">Amount of bids accepted</th><th>In exchange</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>On compet-itive basis</th><th>On noncompeti-tive basis 1/</th><th></th><th></th><th></th></tr><tr><td>1953-July 2</td><td>1953-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>19,306.5</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>1,500.5</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>1,201.2</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>2,255.8</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>2,541.7</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</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</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><tr><td>Nov. 5 p.</td><td>Feb. 4.</td><td>91</td><td>4,066.3</td><td>1,500.6</td><td>1,318.6</td><td>182.0</td><td>168.6</td><td>1,500.3</td><td>19,509.3</td></tr><tr><td>Nov. 12 p.</td><td>Feb. 11.</td><td>91</td><td>2,198.3</td><td>1,500.1</td><td>1,244.7</td><td>255.4</td><td>198.9</td><td>1,500.7</td><td>19,508.7</td></tr><tr><td>Nov. 19 p.</td><td>Feb. 18.</td><td>91</td><td>2,265.1</td><td>1,501.7</td><td>1,240.9</td><td>260.7</td><td>158.1</td><td>1,501.4</td><td>19,509.0</td></tr><tr><td>Nov. 27 p.</td><td>Feb. 25.</td><td>90</td><td>2,169.0</td><td>1,501.2</td><td>1,269.9</td><td>231.3</td><td>238.4</td><td>1,501.5</td><td>19,508.5</td></tr></table>
<table><tr><th>Issue date</th><th colspan="2">On total bids accepted -</th><th colspan="4">On competitive bids accepted -</th></tr><tr><th></th><th>Average price per hundred</th><th>Equivalent average rate 2/</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th>(Percent)</th><th>Price per hundred</th><th>Equivalent rate 2/</th><th>Price per hundred</th><th>Equivalent rate 2/</th></tr><tr><td>1953-July 2</td><td>99.468</td><td>2.106</td><td>99.528</td><td>1.883</td><td>99.457</td><td>2.188</td></tr><tr><td>July 9</td><td>99.493</td><td>2.007</td><td>99.499 3/</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</td><td>99.653</td><td>1.372</td><td>99.656 3/</td><td>1.361</td><td>99.632</td><td>1.377</td></tr><tr><td>Oct. 29</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><tr><td>Nov. 5 p</td><td>99.670</td><td>1.306</td><td>99.710</td><td>1.147</td><td>99.663</td><td>1.333</td></tr><tr><td>Nov. 12 p</td><td>99.626</td><td>1.481</td><td>99.700</td><td>1.187</td><td>99.621</td><td>1.499</td></tr><tr><td>Nov. 19 p</td><td>99.638</td><td>1.433</td><td>99.655</td><td>1.365</td><td>99.635</td><td>1.444</td></tr><tr><td>Nov. 27 p</td><td>99.628</td><td>1.488</td><td>99.675</td><td>1.300</td><td>99.625</td><td>1.500</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 $200,000 at 99.524.
4/ Except $200,000 at 99.684.
p Preliminary.
December 1953
17
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="3">Period to -</th><th>Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th>Allowment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>First call</th><th></th><th>Cash 1/</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>-</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>-</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>-</td><td>963</td><td>-</td><td>963</td><td>100</td></tr><tr><td>5/13/49</td><td>5/1/49</td><td>1-1/4% Certificate - 5/1/50-E</td><td>1 yr</td><td>....................</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>-</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>1-1/2% Certificate - 9/15/50-G</td><td>1 yr</td><td>....................</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>1-1/2% Certificate - 10/1/50-H</td><td>1 yr</td><td>....................</td><td></td><td>-</td><td>6,248</td><td>-</td><td>6,248</td><td>100</td></tr><tr><td>12/5/49</td><td>12/15/49</td><td>1-3/8% Note - 3/15/54-A</td><td>4 yr 3 m</td><td>....................</td><td></td><td>-</td><td>4,675</td><td>-</td><td>4,675</td><td>100</td></tr><tr><td>12/15/49</td><td>1/1/50</td><td>1-1/8% Certificate - 1/1/51-A</td><td>1 yr</td><td>....................</td><td></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 8 m</td><td>....................</td><td></td><td>-</td><td>1,918</td><td>-</td><td>1,918</td><td>100</td></tr><tr><td>2/17/50</td><td>3/1/50</td><td>1-1/4% Note - 1/1/51-B</td><td>1 yr 4 m</td><td>....................</td><td></td><td>-</td><td>2,741</td><td>-</td><td>2,741</td><td>100</td></tr><tr><td>3/20/50</td><td>4/1/50</td><td>1-1/4% Note - 3/1/51-A</td><td>1 yr</td><td>....................</td><td></td><td>-</td><td>3,365</td><td>-</td><td>3,365</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 1 m</td><td>....................</td><td></td><td>-</td><td>386</td><td>-</td><td>386</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 1 m</td><td>....................</td><td></td><td>-</td><td>4,818</td><td>-</td><td>4,818</td><td>100</td></tr><tr><td>9/18/50</td><td>10/1/50</td><td>1-1/4% Note - 10/1/51-F</td><td>1 yr 1 m</td><td>....................</td><td></td><td>-</td><td>5,351</td><td>-</td><td>5,351</td><td>100</td></tr><tr><td>12/1/50</td><td>12/15/50</td><td>1-1/4% Note - 12/15/53-B</td><td>1 yr 1 m</td><td>....................</td><td></td><td>-</td><td>5,253</td><td>-</td><td>5,253</td><td>100</td></tr><tr><td>2/</td><td>4/1/51</td><td>1-1/2% Note - 4/1/56-EA</td><td>5 yr</td><td>....................</td><td></td><td>-</td><td>1,007 3/</td><td>-</td><td>1,007 3/</td><td>100</td></tr><tr><td>6/15/51</td><td>6/15/51</td><td>1-7/8% Certificate - 4/1/52-A</td><td>9 1/2 m</td><td>....................</td><td></td><td>-</td><td>9,284</td><td>-</td><td>9,284</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>11 m</td><td>....................</td><td></td><td>-</td><td>5,216</td><td>-</td><td>5,216</td><td>100</td></tr><tr><td>9/15/51</td><td>9/15/51</td><td>1-7/8% Certificate - 8/15/52-C</td><td>11 m</td><td>....................</td><td></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>11 m</td><td>....................</td><td></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>11 1/2 m</td><td>....................</td><td></td><td>-</td><td>10,861</td><td>-</td><td>10,861</td><td>100</td></tr><tr><td>12/3/51</td><td>12/15/51</td><td>1-1/2% Note - 10/1/56-EA</td><td>5 yr</td><td>....................</td><td></td><td>-</td><td>590 3/</td><td>-</td><td>590 3/</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 1 1/2 m</td><td>....................</td><td>5 yr 1/2 m</td><td>-</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>11 1/2 m</td><td>....................</td><td></td><td>-</td><td>8,868</td><td>-</td><td>8,868</td><td>100</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>1-1/2% Note - 6/15/53-EA</td><td>5 yr 11 1/2 m</td><td>....................</td><td></td><td>-</td><td>531 3/</td><td>-</td><td>531 3/</td><td>100</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>2-3/8% Bond - 6/15/53</td><td>5 yr 11 1/2 m</td><td>....................</td><td></td><td>11,693</td><td>-</td><td>4,245</td><td>4,963</td><td>100</td></tr><tr><td>8/1/52</td><td>8/1/52</td><td>1-7/8% Certificate - 6/15/53-C</td><td>11 m</td><td>....................</td><td></td><td>-</td><td>4,963</td><td>-</td><td>4,963</td><td>100</td></tr><tr><td>9/15/52</td><td>10/1/52</td><td>2-1/8% Note - 12/1/53-A</td><td>1 yr 2 m</td><td>....................</td><td></td><td>-</td><td>10,542</td><td>-</td><td>10,542</td><td>100</td></tr><tr><td>11/17/52</td><td>8/15/52</td><td>1-1/4% Note - 10/1/57-80</td><td>5 yr</td><td>....................</td><td></td><td>-</td><td>824 3/</td><td>-</td><td>824 3/</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>....................</td><td></td><td>-</td><td>8,114</td><td>-</td><td>8,114</td><td>100 7/</td></tr><tr><td>2/2/53</td><td>2/15/53</td><td>2-1/4% Bond - 12/15/58 6/</td><td>5 yr 10 m</td><td>....................</td><td></td><td>-</td><td>620 9/</td><td>-</td><td>620 9/</td><td>100</td></tr><tr><td>4/13/53</td><td>5/1/53</td><td>1-1/2% Note - 4/1/58-EA</td><td>5 yr 14 m</td><td>....................</td><td></td><td>-</td><td>383 3/</td><td>-</td><td>383 3/</td><td>100</td></tr><tr><td>5/20/53</td><td>6/1/53</td><td>2-5/8% Certificate - 6/1/54-B</td><td>1 yr 8 m</td><td>....................</td><td></td><td>-</td><td>1,188</td><td>-</td><td>1,188</td><td>100</td></tr><tr><td>7/16/53</td><td>7/15/53</td><td>2-1/2% Certificate - 3/22/54-C10/</td><td>1 yr</td><td>....................</td><td></td><td>-</td><td>8,687</td><td>-</td><td>8,687</td><td>100</td></tr><tr><td>8/5/53</td><td>8/15/53</td><td>2-5/8% Certificate - 8/15/54-D</td><td>1 yr 6 m</td><td>....................</td><td></td><td>-</td><td>4,789p</td><td>-</td><td>4,789p</td><td>100 12/</td></tr><tr><td>9/2/53</td><td>9/15/53</td><td>2-5/8% Certificate - 9/15/54-E</td><td>3 yr</td><td>....................</td><td></td><td>-</td><td>2,996p</td><td>-</td><td>2,996p</td><td>100</td></tr><tr><td>9/2/53</td><td>9/15/53</td><td>2-7/8% Note - 3/15/57-A</td><td>5 yr</td><td>....................</td><td></td><td>-</td><td>22 3/</td><td>-</td><td>22 3/</td><td>100</td></tr><tr><td>10/28/53</td><td>11/9/53</td><td>1-1/2% Note - 10/1/58-80</td><td>7 yr 10 m</td><td>....................</td><td></td><td>-</td><td>12,243p</td><td>-</td><td>12,243p</td><td>13/</td></tr><tr><td>11/18/53</td><td>12/1/53</td><td>2-3/8% Bond - 9/15/61</td><td>1 yr 1/2 m</td><td>....................</td><td></td><td>-</td><td>8,175p</td><td>-</td><td>8,175p</td><td>100 11/</td></tr><tr><td>11/18/53</td><td>2/15/53</td><td>2-1/2% Bond - 12/15/58 6/</td><td>5 yr 10 m</td><td>....................</td><td></td><td>-</td><td>1,747p 6/</td><td>-</td><td>1,747p 6/</td><td>100</td></tr></table>
Source: Bureau of the Public Debt.
1/ Consists of all public cash subscriptions and subscriptions by U. S. Government account.
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 November 30, 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 $71/2 million in the case of Series E0-1957.
4/ Kmbank 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 in the two offerings amounted to $2,882 million.
6/ The 2-1/2% bonds dated February 15, 1953, were reopened with all the bonds in the series identical in all respects, as an exchange offering for the 2-1/8% notes which matured December 1, 1953. Total exchanges in the two offerings amounted to $2,367 million.
7/ 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.
The bond offering was made available for exchange of Series F and G savings bonds maturing from May 1 through December 31, 1953.
Total allotments on cash subscriptions were limited to approximately $1,000,000. The bank 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.
Allotments of 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.
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.
Holders of the 2-1/2 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.
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 also allotted 24% but in all cases not less than $1,000, or in amounts allotted 16 percent but not less than $10,000 on any one subscription.
Holders of the 2-1/5% notes maturing December 1, 1953, were offered a choice of exchanging the securities for either the one-year, six-month note or the five-year, ten-month bond.
Preliminary.
18
Treasury Bulletin
DEBT OPERATIONS
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offer by Treasury</th><th colspan="2">Results of exchange offers</th><th>Description of new security offered</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Ex- changed</th><th>Turned in for cash 2/</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-F</td></tr><tr><td>9/15/50</td><td>1-1/2% Certificate - 9/15/50-G<br>2-1/2% Bond - 9/15/50-52</td><td>9/15/49<br>9/15/38</td><td>1,197<br>1,186<br>4,939</td><td>-<br>-</td><td>1,197<br>1,186<br>4,939</td><td>1,039<br>905<br>3,997</td><td>198<br>281<br>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>1-1/2% Certificate - 10/1/50-II</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<br>1-1/8% Certificate - 1/1/51-A</td><td>6/1/45<br>1/1/50</td><td>2,635<br>5,373</td><td>-<br>-</td><td>2,635<br>5,373</td><td>2,315<br>4,538</td><td>320<br>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 - 6/12/67-72<br>2-1/2% Bond - 12/15/67-72</td><td>6/1/45<br>11/15/45</td><td>7,957<br>11,689</td><td>-<br>-</td><td>7,957<br>11,689</td><td>5,954<br>7,610</td><td>-</td><td>2-3/4% Treasury Bond, Investment Series B-1975-30 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<br>1-1/4% Note - 7/1/51-B<br>1-1/4% Note - 7/1/51-C<br>1-1/4% Note - 7/1/51-D</td><td>6/15/36<br>3/1/50<br>3/1/50<br>6/1/50</td><td>1,627<br>2,741<br>386<br>4,818</td><td>-<br>-<br>-<br>-</td><td>1,627<br>2,741<br>886<br>4,818</td><td>1,516<br>2,607<br>831<br>4,570</td><td>110<br>134<br>55<br>218</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>9,524</td><td>548</td><td></td></tr><tr><td>8/1/51</td><td>1-1/4% Note - 8/1/51-E</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>3% 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</td><td>2/1/50</td><td>1,918</td><td>-</td><td>1,918</td><td>1,832</td><td>86</td><td>1-7/8% Certificate - 9/1/52-D</td></tr><tr><td>10/15/51</td><td>1-1/4% Note - 10/15/51-F<br>1-1/4% Note - 11/1/51-D</td><td>9/15/50<br>10/1/50</td><td>5,941<br>5,253</td><td>-<br>-</td><td>5,941<br>5,253</td><td>5,873<br>4,988</td><td>67<br>265</td><td>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>2-1/2% 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>696</td><td>1-7/8% Certificate - 2/12/53-A</td></tr><tr><td>6/4/52</td><td>2-1/2% Bond - 3/15/65-70<br>2-1/2% Bond - 3/15/66-71<br>2-1/2% Bond - 6/15/67-72<br>2-1/2% Bond - 11/15/67-72</td><td>2/1/44<br>12/1/44<br>6/1/45<br>11/15/45</td><td>5,195<br>3,480<br>1,999<br>4,072</td><td>-<br>-<br>-<br>-</td><td>5,195<br>3,480<br>1,999<br>4,072</td><td>467<br>512<br>100<br>227</td><td>-</td><td>2-3/4% Treasury Bond, Investment Series B-1975-30 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-B</td></tr><tr><td>8/15/52</td><td>1-7/8% Certificate - 8/15/52-C<br>1-7/8% Certificate - 9/1/52-D</td><td>9/15/51<br>10/1/51</td><td>583<br>1,832</td><td>-<br>-</td><td>583<br>1,832</td><td>434<br>1,575</td><td>150<br>258</td><td>2% Certificate - 8/15/53-Cb/</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 - 10/1/52-E</td><td>10/15/51</td><td>10,861</td><td>-</td><td>10,861</td><td>10,942</td><td>319</td><td>2-1/8% Note - 12/1/53-A</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% Certificate - 8/15/53-Cb/</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>2-1/4% Certificate - 2/15/54-A<br>2-1/2% Bond - 12/15/54 2/</td></tr><tr><td>6/1/53</td><td>1-7/8% Certificate - 6/1/53-B<br>2% Bond - 6/15/53-55</td><td>7/1/52<br>10/7/40</td><td>4,963<br>725</td><td>-<br>-</td><td>4,963<br>725</td><td>4,410<br>448</td><td>553<br>277</td><td>2-5/8% Certificate - 6/1/54-B</td></tr><tr><td></td><td>Total</td><td></td><td>5,688</td><td>-</td><td>5,688</td><td>4,853</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>2,788p</td><td>93p</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>7,720p</td><td>266p</td><td>2-5/8% Certificate - 9/15/54-R<br>2-7/8% Note - 3/15/57-A</td></tr><tr><td>12/1/53</td><td>2-1/2% Note - 12/1/53-A</td><td>10/1/52</td><td>10,042 6/</td><td>-</td><td>10,042</td><td>9,922p</td><td>120p</td><td>1-7/8% Note - 12/15/58 2/</td></tr></table>
Source: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
3/ These nonmarketable bonds, dated April 1, 1951, and maturing April 1, 1950, are exchangeable for 1-1/4% 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 such subscription had to be paid in cash.
The 2% certificates maturing August 15, 1953, were reopened for the December 1, 1952, refunding (see Table 3).
The 2-1/2% Bonds maturing December 15, 1958, were reopened for the December 1, 1953, refunding (see Table 3).
On November 9, 1953, the Treasury purchased from the Federal Reserve System and retired $500 million of the 2-1/3% Treasury Notes maturing December 1, 1953. For further details see "Treasury Bulletin" for November 1953, page A-1.
Preliminary.
December 1955
19
UNITED STATES SAVINGS BONDS
United States savings bonds were first offered in March 1935 and began to mature in March 1945. Series A-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. A new current-income
bond, Series H, similar in interest return to Series E, was offered beginning June 1. For details of these changes see "Treasury Bulletin" for May 1952, page A-1. Series F and G began to mature on May 1, 1953. For the exchange offering made to holders of these bonds maturing through December 31, 1953, see the May 1953 issue, page A-1. In the tables which follow, Series A-F and J sales are included at issue price and total redemptions and amounts outstanding at current redemption values. Series G, H, and K are included at face value throughout. Matured bonds which have been redeemed are included in redemptions. Matured F and G bonds outstanding are included in the interest-bearing debt until all bonds of the annual series have matured, when they are transferred to matured debt upon which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through October 31, 1953
(Dollar amounts in millions)
<table><tr><th>Series</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Redemptions</th><th colspan="2">Amount outstanding</th><th>Redemptions of interest-bearing series as percent of sales plus accrued interest</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Natured 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>4,919</td><td>85</td><td>-</td><td>-</td></tr><tr><td>Interest-bearing: Series E and H......</td><td>70,742</td><td>7,283</td><td>78,025</td><td>41,634 2/</td><td>-</td><td>36,391</td><td>53,36</td></tr><tr><td>Series F, G, J, and K....</td><td>29,116 2/</td><td>655</td><td>29,772</td><td>8,387</td><td>-</td><td>21,385</td><td>28,17</td></tr><tr><td>Total interest-bearing..</td><td>99,858</td><td>7,938</td><td>107,797</td><td>50,021</td><td>-</td><td>57,775</td><td>46,40</td></tr><tr><td>Total A-K.................</td><td>103,807</td><td>8,993</td><td>112,800</td><td>54,940</td><td>85</td><td>57,775</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>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>45,936</td></tr><tr><td>1946</td><td>9,612</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>7,808</td><td>691</td><td>7,899</td><td>5,515</td><td>5,384</td><td>221</td><td>40</td><td>51,367</td></tr><tr><td>1948</td><td>6,235</td><td>804</td><td>7,039</td><td>5,113</td><td>4,845</td><td>268</td><td>59</td><td>53,274</td></tr><tr><td>1949</td><td>7,321</td><td>327</td><td>8,068</td><td>5,067</td><td>4,721</td><td>346</td><td>73</td><td>56,260</td></tr><tr><td>1950</td><td>5,673</td><td>1,045</td><td>6,718</td><td>5,422</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>57,689</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>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>7,827</td><td>640</td><td>8,467</td><td>6,827</td><td>6,383</td><td>185</td><td>87</td><td>49,776</td></tr><tr><td>1947</td><td>6,694</td><td>742</td><td>7,436</td><td>5,126</td><td>4,889</td><td>237</td><td>122</td><td>50,053</td></tr><tr><td>1948</td><td>7,895</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>289</td><td>58,019</td></tr><tr><td>1951</td><td>3,561</td><td>1,181</td><td>5,142</td><td>5,652</td><td>5,150</td><td>501</td><td>192</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>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>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>614</td><td>86</td><td>500</td><td>369</td><td>321</td><td>48</td><td>100</td><td>58,268</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>57,920</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 3/</td><td>17 3/</td><td>90</td><td>57,871</td></tr><tr><td>August</td><td>371</td><td>87</td><td>458</td><td>480</td><td>423</td><td>58</td><td>89</td><td>57,851</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>57,799</td></tr><tr><td>October</td><td>384</td><td>83</td><td>467</td><td>489</td><td>420</td><td>69</td><td>89</td><td>57,775</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U. S. Footnotes at end of Table 4.
20
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
(Dollar amounts in millions)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="2">Redemptions 3/</th><th>Accrued discount</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></th><th></th><th></th></tr><tr><td colspan="9">Series E and H 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>19k1-19h5</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>19h6</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>19h7</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>19h8</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><td>-</td></tr><tr><td>19h9</td><td>4,278</td><td>753</td><td>5,032</td><td>3,930</td><td>3,368</td><td>162</td><td>33,127</td><td>-</td></tr><tr><td>1950</td><td>3,993</td><td>895</td><td>4,887</td><td>3,921</td><td>3,386</td><td>195</td><td>34,494</td><td>-</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>34,506</td><td>-</td></tr><tr><td>1952</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>1953</td><td>4,061</td><td>1,120</td><td>5,181</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>19k1-19h5</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>19h6</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>19h7</td><td>4,099</td><td>579</td><td>4,674</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td><td>-</td></tr><tr><td>19h8</td><td>4,284</td><td>696</td><td>4,980</td><td>3,778</td><td>3,575</td><td>194</td><td>32,189</td><td>-</td></tr><tr><td>19h9</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><td>-</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>285</td><td>34,493</td><td>-</td></tr><tr><td>1951</td><td>3,190</td><td>1,080</td><td>4,270</td><td>4,036</td><td>3,688</td><td>348</td><td>34,727</td><td>-</td></tr><tr><td>1952</td><td>3,575</td><td>1,120</td><td>4,694</td><td>4,098</td><td>3,628</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>84</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>354</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>52p</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><tr><td>October</td><td>357</td><td>76</td><td>432</td><td>353</td><td>286p</td><td>66p</td><td>36,391</td><td>.97</td></tr><tr><td colspan="9">Series F, G, J, and K combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>19k1-19h5</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>19h6</td><td>2,873</td><td>33</td><td>2,905</td><td>497</td><td>497</td><td>3</td><td>15,312</td><td>-</td></tr><tr><td>19h7</td><td>2,980</td><td>47</td><td>3,028</td><td>672</td><td>666</td><td>6</td><td>17,608</td><td>-</td></tr><tr><td>19h8</td><td>2,209</td><td>61</td><td>2,270</td><td>772</td><td>764</td><td>9</td><td>19,405</td><td>-</td></tr><tr><td>19h9</td><td>2,863</td><td>73</td><td>2,935</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>669</td><td>96</td><td>765</td><td>1,012</td><td>888</td><td>21</td><td>22,780</td><td>-</td></tr><tr><td>1953</td><td>921</td><td>108</td><td>610</td><td>1,928</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>19k1-19h5</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>19h6</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>19h7</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>19h8</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>19h9</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>.31</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>21,981</td><td>2.83</td></tr><tr><td>June</td><td>30</td><td>12</td><td>42</td><td>186</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 1/</td><td>2p 1/</td><td>21,703</td><td>.84</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>21,488</td><td>.62</td></tr><tr><td>October</td><td>27</td><td>7</td><td>35</td><td>134</td><td>132p</td><td>3p</td><td>21,385</td><td>.63</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
December 1955
21
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Salee plus accrued discount</th><th>Total</th><th>Redemptions 2/ 3/ Salee price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><td colspan="8">Series E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1945</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>4,824</td><td>4,391</td><td>4,288</td><td>103</td><td>30,191</td></tr><tr><td>1948</td><td>4,006</td><td>633</td><td>4,639</td><td>3,885</td><td>3,589</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>3,921</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>34,506</td></tr><tr><td>1952</td><td>3,266</td><td>1,111</td><td>4,377</td><td>4,008</td><td>3,583</td><td>425</td><td>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>3,569p</td><td>500p</td><td>35,664</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1945</td><td>39,680</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>493</td><td>4,959</td><td>5,423</td><td>5,330</td><td>93</td><td>30,663</td></tr><tr><td>1947</td><td>4,085</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>1,080</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>3,393</td><td>1,120</td><td>4,513</td><td>4,090</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></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>295</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>352</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>35,588</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>35,585</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 ¼/</td><td>15p ½/</td><td>35,742</td></tr><tr><td>August</td><td>309</td><td>81</td><td>390</td><td>329</td><td>274p</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>355p</td><td>53p</td><td>35,510</td></tr><tr><td>October</td><td>313</td><td>76</td><td>389</td><td>351</td><td>285p</td><td>66p</td><td>35,948</td></tr><tr><td colspan="8">Series II 5/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>30</td><td>-</td><td>30</td><td>-</td><td>-</td><td>-</td><td>30</td></tr><tr><td>1953</td><td>360</td><td>-</td><td>360</td><td>6</td><td>6</td><td>-</td><td>385</td></tr><tr><td>Calendar year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>182</td><td>-</td><td>182</td><td>*</td><td>*</td><td>-</td><td>181</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953-January</td><td>43</td><td>-</td><td>43</td><td>*</td><td>*</td><td>-</td><td>224</td></tr><tr><td>February</td><td>34</td><td>-</td><td>34</td><td>1</td><td>1</td><td>-</td><td>257</td></tr><tr><td>March</td><td>37</td><td>-</td><td>37</td><td>1</td><td>1</td><td>-</td><td>294</td></tr><tr><td>April</td><td>32</td><td>-</td><td>32</td><td>1</td><td>1</td><td>-</td><td>324</td></tr><tr><td>May</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>354</td></tr><tr><td>June</td><td>31</td><td>-</td><td>31</td><td>1</td><td>1</td><td>-</td><td>385</td></tr><tr><td>July</td><td>43</td><td>-</td><td>43</td><td>1</td><td>1</td><td>-</td><td>426</td></tr><tr><td>August</td><td>37</td><td>-</td><td>37</td><td>2</td><td>2</td><td>-</td><td>462</td></tr><tr><td>September</td><td>42</td><td>-</td><td>42</td><td>2</td><td>2</td><td>-</td><td>502</td></tr><tr><td>October</td><td>43</td><td>-</td><td>43</td><td>2</td><td>2</td><td>-</td><td>543</td></tr></table>
Footnotes at end of Table 4.
22
Treasury Bulletin
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</th><th>Sales price 7/</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>4,045</td><td>271</td></tr><tr><td>1953</td><td>5,621</td><td>1,761</td><td>31</td><td>1,128</td><td>1,126</td><td>2</td><td>602 8/</td><td>3,860</td><td>3,622</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>522</td><td>250</td><td>245</td><td>5</td><td>-</td><td>4,879</td><td>4,572</td><td>308</td></tr><tr><td>1952</td><td>5,074</td><td>1,015</td><td>47</td><td>968</td><td>962</td><td>6</td><td>-</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><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>38</td><td>38</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>297</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>106</td><td>2</td><td>104</td><td>104</td><td>*</td><td>-</td><td>321</td><td>303</td><td>18</td></tr><tr><td>May</td><td>968</td><td>585</td><td>2</td><td>121</td><td>121</td><td>*</td><td>461 8/</td><td>383</td><td>365</td><td>18</td></tr><tr><td>June</td><td>542</td><td>253</td><td>2</td><td>110</td><td>110</td><td>*</td><td>141 3/</td><td>289</td><td>269</td><td>20</td></tr><tr><td>July 8/</td><td>541</td><td>72</td><td>1</td><td>37</td><td>37</td><td>*</td><td>34 8/</td><td>470</td><td>463</td><td>6</td></tr><tr><td>August</td><td>480</td><td>200</td><td>2</td><td>118</td><td>118</td><td>*</td><td>80</td><td>280</td><td>297</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>335</td><td>312</td><td>23</td></tr><tr><td>October</td><td>489</td><td>248</td><td>2</td><td>180</td><td>180</td><td>*</td><td>66</td><td>241</td><td>221</td><td>20</td></tr></table>
Source: Daily Treasury Statement.
1/ Details by series on a cumulative basis and by periods for Series A-B combined will be found in the February 1952 and previous issues of the "Treasury Bulletin".
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning 1951 and for Series K 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 issues price and accrued discount is somewhat distorted also.
Sales began June 1, 1952.
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.
December 1955
23
TREASURY SAVINGS NOTES
Treasury tax and savings notes have been issued as follows: Tax Series A from August 1, 1941, through June 22, 1943; Tax Series B from August 1, 1941, through September 12, 1942; Savings Series C (originally designated Tax Series C) from September 14, 1942, through August 31, 1948; Savings Series D from September 1, 1948, through May 14, 1951; Savings Series A from May 15, 1951, through May 14, 1953; Savings Series B from May 15, 1953, through September 25, 1953; and Series C from October 1 through October 23, 1953, when sale of these notes was suspended.
Details concerning terms and conditions for purchase and redemption and information on investment yields of Savings Series C appear in the October 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 October 31, 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>4,071/</td><td>4,06</td><td>681/</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>1821/</td><td>4,761</td><td>*</td><td>-</td></tr><tr><td>Series C</td><td>32,4381/</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>12,258</td><td>9,204</td><td>3,053</td><td>3</td><td>73</td></tr><tr><td>Series A</td><td>9,187</td><td>8,206</td><td>4,036</td><td>4,170</td><td>-</td><td>951</td></tr><tr><td>Series B</td><td>4,671</td><td>145</td><td>22</td><td>123</td><td>-</td><td>4,327</td></tr><tr><td>Series C</td><td>678</td><td>-</td><td>-</td><td>-</td><td>-</td><td>678</td></tr><tr><td>Total</td><td>64,657</td><td>58,392</td><td>24,553</td><td>33,839</td><td>8</td><td>6,258</td></tr></table>
Sources: Office of the Treasurer of the U. S.; Daily Treasury Statement. 1/ Includes exchanges in connection with the offering in September 1942
* of Tax Series A-1945 and Series C. Less than $500,000.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th colspan="3">Redemptions £/</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>Fiscal years:</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>5,260</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>Calendar years:</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>2,789</td><td>5,305</td><td>2,337</td><td>2,968</td><td>72</td><td>5,722</td></tr><tr><td>1947</td><td>2,925</td><td>3,244</td><td>1,881</td><td>1,363</td><td>94</td><td>5,384</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>5,971</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>3,633</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>5,823</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>2,564</td><td>2,946</td><td>28</td><td>5,770</td></tr><tr><td>Months:</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>831</td><td>82</td><td>749</td><td>14</td><td>4,879</td></tr><tr><td>April</td><td>109</td><td>192</td><td>137</td><td>54</td><td>12</td><td>4,798</td></tr><tr><td>May</td><td>1,714</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>4,277</td></tr><tr><td>September</td><td>932</td><td>290</td><td>111</td><td>179</td><td>9</td><td>3,639</td></tr><tr><td>October</td><td>687</td><td>68</td><td>53</td><td>16</td><td>8</td><td>6,258</td></tr></table>
Source: Office of the Treasurer of the U.S.; Daily Treasury Statement. 1/ Includes both matured and unmatured notes.
24
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total Federal securities outstanding</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></tr><tr><th>Total outstanding</th><th colspan="3">Held by U. S. Government investment accounts</th><th colspan="3">Held by private investors</th><th>Total outstanding</th><th colspan="3">Held by U. S. Government investment accounts and Federal Reserve Banks 2/ 4/</th><th colspan="2">Matured debt and debt bearing no interest</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></th><th></th><th>Public marketable issues</th><th>Public non-marketable issues</th><th></th></tr><tr><td>1945</td><td>259,115</td><td>256,357</td><td>24,934</td><td>6,128</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>269,999</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>258,798</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>252,892</td><td>40,958</td><td>6,305</td><td>34,653</td><td>22,982</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>299,151</td><td>296,863</td><td>44,335</td><td>6,596</td><td>37,739</td><td>22,906</td><td>189,583</td><td>115,185</td><td>74,437</td><td>44</td><td>*</td><td>43</td><td>1</td><td>2,244</td></tr><tr><td>1953</td><td>266,123</td><td>263,946</td><td>47,560</td><td>7,021</td><td>40,538</td><td>24,786</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>267,145</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>45,991</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>49</td><td>1</td><td>48</td><td>*</td><td>2,096</td></tr><tr><td>Mar.</td><td>264,536</td><td>262,380</td><td>46,260</td><td>6,906</td><td>39,354</td><td>23,806</td><td>192,333</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>264,642</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>278,732</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>2,061</td></tr><tr><td>Aug.</td><td>273,269</td><td>271,144</td><td>47,973</td><td>6,958</td><td>40,988</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>2,062</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>63</td><td>*</td><td>62</td><td>-</td><td>2,195</td></tr><tr><td>Oct.</td><td>273,452</td><td>271,291</td><td>47,964</td><td>7,077</td><td>40,888</td><td>25,348</td><td>197,979</td><td>124,118</td><td>73,860</td><td>65</td><td>1</td><td>63</td><td>-</td><td>2,097</td></tr></table>
Source: Daily Treasury Statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government important accounts; and 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, 1917, when the proprietary interest of the United States in these banks ended.
3/ The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the amount held by U. S. Government investment accounts and Federal Reserve Banks.
4/ All public marketable leases.
5/ Consists of Commodity Credit Corporation demand obligations stated as of the close of the previous month.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
<table><tr><th>Year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>4</td><td>.9</td><td>*</td><td>-</td><td>-3</td><td>-4.4</td><td>-3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>5.8</td><td>-7</td><td>-2</td><td>4</td><td>*</td><td>*</td><td>4.5</td><td>1.0</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>-185.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>-</td><td>-5.0</td><td>1.8</td></tr><tr><td>1944</td><td>-9.9</td><td>-109.1</td><td>-11.2</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>-67.5</td><td>-48.1</td><td>-5.9</td><td>-55.6</td><td>-34.4</td><td>-56.4</td><td>-17.0</td><td>-2</td><td>-12.5</td><td>.3</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>-8.1</td><td>-7</td><td>-</td><td>3.3</td><td>4</td><td>-69.8</td><td>-157.8</td><td>-41.2</td><td>-74.1</td><td>-123.0</td><td>-57.6</td><td>-20.3</td></tr><tr><td>1947</td><td>1</td><td>-176.9</td><td>-106.8</td><td>-61.3</td><td>-338.6</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>221.0</td><td>696.4</td></tr><tr><td>1948</td><td>-2</td><td></td><td></td><td>-12.1</td><td>-30.4</td><td>1.1</td><td>5.4</td><td>4.4</td><td>7.2</td><td>.1</td><td>-8</td><td>-2</td></tr><tr><td>1949</td><td>8.8</td><td>-1.8</td><td>2.1</td><td>1.5</td><td>-54.7</td><td>-88.4</td><td>-1</td><td>3.8</td><td>4.6</td><td>-1.7</td><td>11.5</td><td>-1</td></tr><tr><td>1950</td><td>-6.6</td><td>13.5</td><td>6.5</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>36.8</td><td>261.2</td><td>492.7</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>1.4</td><td>38.4</td><td>17.0</td><td></td><td></td></tr></table>
1/ Consists of purchases or sales made by the Treasury of securities issued or guaranteed by the U. S. Government for (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department. It will be noted that these
transactions differ from those reflected in Table 1 because they exclude those Government investment accounts for which investments are not handled by the Treasury. Table 2 also includes purchases under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754 a), and excludes the Exchange Stabilization Fund. Less than $50,000.
December 1955
25
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 3/</th><th colspan="7">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks 3/</th><th>Federal Reserve Banks</th><th></th><th>Total</th><th>Individuals 5/</th><th>Total</th><th>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>15.9</td><td>2.5</td><td>6.5</td><td>22.7</td><td>10.1</td><td>1.9</td><td>8.2</td><td>6.3</td><td>3.1</td><td>2.2</td><td>.4</td><td>.7</td></tr><tr><td>1940-June</td><td>48.5</td><td>18.6</td><td>16.1</td><td>2.5</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>.9</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>1.1</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>1.0</td><td>2.3</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>1.5</td><td>3.4</td></tr><tr><td>1943-June</td><td>140.8</td><td>59.4</td><td>52.2</td><td>7.2</td><td>14.3</td><td>67.0</td><td>30.9</td><td>19.2</td><td>11.7</td><td>13.1</td><td>5.3</td><td>12.9</td><td>2.1</td><td>4.4</td></tr><tr><td>December</td><td>170.1</td><td>71.5</td><td>59.9</td><td>11.5</td><td>16.9</td><td>81.7</td><td>37.6</td><td>24.7</td><td>12.9</td><td>15.1</td><td>6.1</td><td>16.4</td><td>2.1</td><td>4.4</td></tr><tr><td>1944-June</td><td>202.6</td><td>83.3</td><td>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>106.0</td><td>84.2</td><td>21.8</td><td>24.9</td><td>128.8</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>24.1</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>132.6</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>292.4</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>292.9</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>292.8</td><td>82.4</td><td>63.0</td><td>19.3</td><td>38.3</td><td>132.2</td><td>66.8</td><td>48.8</td><td>18.0</td><td>20.5</td><td>11.6</td><td>15.6</td><td>8.0</td><td>9.6</td></tr><tr><td>December</td><td>257.2</td><td>85.7</td><td>66.8</td><td>18.9</td><td>39.4</td><td>132.1</td><td>66.3</td><td>49.3</td><td>17.0</td><td>20.1</td><td>11.4</td><td>16.8</td><td>8.1</td><td>9.4</td></tr><tr><td>1950-June</td><td>257.4</td><td>83.9</td><td>65.6</td><td>18.3</td><td>37.8</td><td>135.6</td><td>67.0</td><td>49.9</td><td>17.2</td><td>19.8</td><td>11.6</td><td>18.8</td><td>8.7</td><td>9.7</td></tr><tr><td>December</td><td>256.7</td><td>82.6</td><td>61.8</td><td>20.8</td><td>39.2</td><td>134.9</td><td>65.5</td><td>49.6</td><td>15.9</td><td>18.7</td><td>10.9</td><td>20.5</td><td>8.8</td><td>10.5</td></tr><tr><td>1951-March</td><td>255.0</td><td>80.7</td><td>57.8</td><td>22.9</td><td>39.8</td><td>134.5</td><td>65.5</td><td>49.3</td><td>16.2</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>132.9</td><td>64.7</td><td>49.1</td><td>15.6</td><td>17.1</td><td>10.2</td><td>20.8</td><td>9.4</td><td>10.7</td></tr><tr><td>September</td><td>257.4</td><td>83.2</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>42.9</td><td>133.8</td><td>64.8</td><td>49.1</td><td>15.7</td><td>16.3</td><td>9.8</td><td>22.1</td><td>10.0</td><td>10.8</td></tr><tr><td>March</td><td>258.1</td><td>82.6</td><td>60.1</td><td>22.5</td><td>43.0</td><td>132.5</td><td>65.0</td><td>49.1</td><td>15.9</td><td>16.3</td><td>9.8</td><td>20.7</td><td>10.1</td><td>10.6</td></tr><tr><td>April</td><td>258.3</td><td>82.8</td><td>60.5</td><td>22.4</td><td>43.2</td><td>132.3</td><td>64.6</td><td>49.0</td><td>15.6</td><td>16.2</td><td>9.8</td><td>20.2</td><td>10.2</td><td>11.3</td></tr><tr><td>May</td><td>260.0</td><td>83.3</td><td>61.0</td><td>22.3</td><td>43.7</td><td>132.9</td><td>64.3</td><td>49.0</td><td>15.3</td><td>16.0</td><td>9.8</td><td>21.2</td><td>10.2</td><td>11.5</td></tr><tr><td>June</td><td>259.2</td><td>84.0</td><td>61.1</td><td>22.9</td><td>44.3</td><td>130.8</td><td>63.9</td><td>49.0</td><td>14.9</td><td>15.7</td><td>9.6</td><td>19.7</td><td>10.4</td><td>11.6</td></tr><tr><td>July</td><td>263.1</td><td>85.6</td><td>62.7</td><td>22.9</td><td>44.6</td><td>132.9</td><td>64.6</td><td>49.0</td><td>15.6</td><td>16.0</td><td>9.8</td><td>20.3</td><td>10.7</td><td>11.5</td></tr><tr><td>August</td><td>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>16.2</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>66.6</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>267.5</td><td>88.0</td><td>64.2</td><td>23.8</td><td>45.5</td><td>133.9</td><td>64.2</td><td>49.1</td><td>15.1</td><td>16.1</td><td>9.5</td><td>21.0</td><td>10.9</td><td>12.2</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>23.9</td><td>46.0</td><td>134.7r</td><td>64.3</td><td>49.3</td><td>15.0</td><td>16.2</td><td>9.2</td><td>21.4</td><td>11.1</td><td>12.3</td></tr><tr><td>February</td><td>267.6</td><td>85.6r</td><td>61.9</td><td>23.9</td><td>46.2</td><td>135.7r</td><td>64.6</td><td>49.4</td><td>15.2</td><td>16.1</td><td>9.6</td><td>21.8</td><td>11.1</td><td>12.5</td></tr><tr><td>March</td><td>264.5</td><td>83.4r</td><td>59.5</td><td>23.8</td><td>46.3</td><td>134.9r</td><td>64.9r</td><td>49.5</td><td>15.4r</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>83.0r</td><td>59.1r</td><td>23.9</td><td>46.3</td><td>135.3r</td><td>65.0r</td><td>49.6</td><td>15.4r</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>82.6r</td><td>58.6r</td><td>24.2</td><td>46.8</td><td>137.0r</td><td>65.5r</td><td>49.3</td><td>16.2r</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>83.6r</td><td>58.6r</td><td>24.7</td><td>47.6</td><td>135.0r</td><td>65.8r</td><td>49.3</td><td>16.5r</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>88.8r</td><td>63.5r</td><td>25.0</td><td>47.6</td><td>136.7r</td><td>65.7r</td><td>49.3</td><td>16.4r</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</td><td>273.3</td><td>87.7</td><td>62.7</td><td>25.1</td><td>48.0</td><td>137.6</td><td>65.8</td><td>49.3</td><td>16.5</td><td>15.9</td><td>9.5</td><td>20.8</td><td>12.0</td><td>13.5</td></tr><tr><td>September p.</td><td>273.0</td><td>87.8</td><td>62.5</td><td>25.2</td><td>48.0</td><td>137.2</td><td>65.9</td><td>49.3</td><td>16.7</td><td>15.9</td><td>9.5</td><td>20.5</td><td>12.0</td><td>13.4</td></tr></table>
1/ United States savings bonds, Series A-F and J, are included at current redemption values.
2/ Securities issued or guaranteed by the U. S. Government, excluding government 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. Figures exclude securities held in trust departments.
4/ Holdings by Federal land banks are included under "Miscellaneous investments" instead of "U. S. Government investment accounts" after June 26, 1947, when the proprietary interest of the United States in these banks ended.
5/ Incladee partnerships and personal trust accounts. Nonprofit instita-
tions and corporate pension trust funds are included under "Miscellaneous investments". 
Exclusive of banks and insurance companies. 
Consists of trust, sinking, and investment funds of State and local governments and their agencies, and Territories and island possessions. 
Includes savings and loan associations, nonprofit institutions, 
corporate pension trust funds, dealers and brokers, and investments 
of foreign balances and international accounts in this country. 
Beginning December 1946, includes investments of the International Bank 
for Reconstruction and Development and the International Monetary Fund 
in special noninterest-bearing notes issued by the U. S. Government. 
Preliminary. 
Reviewed.
Treasury Bulletin
26
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1953
The Treasury Survey of Ownership covers securities issued by the United States Government and by Federal agencies. The banks and insurance companies included in the Survey account for approximately 95 percent of such securities held by all banks and insurance companies in the United States. Data were first published for March 31, 1941, in the May 1941 "Treasury Bulletin".
Information on the distribution of ownership by type of banks and insurance companies is published each month. Additional information showing the holdings of commercial banks distributed according to Federal Reserve member- bank classes and nonmember banks is published for June 30 and December 31.
Section I - Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities (Par values - in millions of dollars)
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors 3/</th></tr><tr><th>7,038 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></tr><tr><th></th><th></th><th></th><th></th><th>31k life</th><th>603 fire, casualty, and marine</th><th></th><th></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>132,366</td><td>54,581</td><td>7,494</td><td>6,252</td><td>4,532</td><td>28,745</td><td>51,262</td></tr><tr><td>Public nonmarketable 2/................</td><td>76,982</td><td>2,244</td><td>1,969</td><td>3,604</td><td>909</td><td>3,566</td><td>64,689</td></tr><tr><td>Special issues........................</td><td>40,958</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,958</td><td>-</td></tr><tr><td>Total interest-bearing securities.....</td><td>270,306</td><td>56,826</td><td>9,463</td><td>9,856</td><td>5,441</td><td>73,269</td><td>115,951</td></tr><tr><td>Matured debt and debt bearing no interest 5/.....</td><td>2,195</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total securities issued or guaranteed by the U. S. Government 6/....................</td><td>273,001</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 3/</th></tr><tr><th></th><th></th><th>7,038 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>Type of security:</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>Issued by U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills.</td><td>19,508</td><td>4,500</td><td>111</td><td>386</td><td>134</td><td>2,027</td><td>12,350</td></tr><tr><td>Certificates of indebtedness.</td><td>26,369</td><td>9,240</td><td>246</td><td>70</td><td>471</td><td>5,930</td><td>10,112</td></tr><tr><td>Treasury notes.</td><td>33,578</td><td>12,273</td><td>168</td><td>15</td><td>681</td><td>13,302</td><td>6,633</td></tr><tr><td>Treasury bonds - bank eligible.</td><td>59,837</td><td>27,899</td><td>5,316</td><td>3,581</td><td>2,772</td><td>4,738</td><td>15,532</td></tr><tr><td>Treasury bonds - bank restricted 1/.</td><td>13,406</td><td>325</td><td>1,644</td><td>2,189</td><td>465</td><td>2,232</td><td>6,590</td></tr><tr><td>Postal savings and Panama Canal bonds.</td><td>107</td><td>15</td><td>-</td><td>-</td><td>2</td><td>17</td><td>73</td></tr><tr><td>Guaranteed by U. S. Government 2/.</td><td>63</td><td>30</td><td>10</td><td>12</td><td>1</td><td>*</td><td>11</td></tr><tr><td>Total.</td><td>152,866</td><td>54,581</td><td>7,494</td><td>6,252</td><td>4,532</td><td>28,745</td><td>51,266</td></tr><tr><td>Maturity classes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Naturing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year.</td><td>66,919</td><td>20,704</td><td>457</td><td>469</td><td>1,001</td><td>16,184</td><td>28,103</td></tr><tr><td>1 to 5 years.</td><td>35,465</td><td>20,317</td><td>554</td><td>117</td><td>1,088</td><td>6,602</td><td>6,788</td></tr><tr><td>5 to 10 years.</td><td>18,675</td><td>8,978</td><td>1,325</td><td>101</td><td>1,099</td><td>1,780</td><td>4,791</td></tr><tr><td>10 to 15 years.</td><td>3,602</td><td>1,840</td><td>391</td><td>350</td><td>168</td><td>266</td><td>587</td></tr><tr><td>15 to 20 years.</td><td>26,537</td><td>2,606</td><td>4,665</td><td>4,469</td><td>1,140</td><td>3,794</td><td>9,943</td></tr><tr><td>Over 20 years.</td><td>1,606</td><td>107</td><td>132</td><td>134</td><td>35</td><td>159</td><td>1,039</td></tr><tr><td>Various (Federal Housing Administration debentures).</td><td>63</td><td>30</td><td>10</td><td>12</td><td>1</td><td>*</td><td>11</td></tr><tr><td>Total.</td><td>152,866</td><td>54,581</td><td>7,494</td><td>6,252</td><td>4,532</td><td>28,745</td><td>51,266</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>2</td><td>17</td><td>73</td></tr><tr><td>Partially exempt from Federal income taxes.</td><td>6,678</td><td>5,610</td><td>10</td><td>3</td><td>201</td><td>8</td><td>866</td></tr><tr><td>Subject to Federal income taxes 3/.</td><td>146,082</td><td>48,957</td><td>7,484</td><td>6,249</td><td>4,329</td><td>28,720</td><td>50,343</td></tr><tr><td>Total.</td><td>152,866</td><td>54,581</td><td>7,494</td><td>6,252</td><td>4,532</td><td>28,745</td><td>51,266</td></tr></table>
Footnotes at end of Section II.
December 1955
27
TREASURY SURVEY OF OWNERSHIP
SEPTEMBER 30, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status §/ 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 1/</th></tr><tr><th></th><th></th><th>7,038 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th>Treasury bills....................(taxable)</th><td>19,508</td><td>4,500</td><td>111</td><td>386</td><td>134</td><td>2,027</td><td>12,350</td></tr><tr><td colspan="8">Certificates of indebtedness:</td></tr><tr><td>2-1/4/ February 1954-A............(taxable)</td><td>8,114</td><td>1,716</td><td>31</td><td>8</td><td>119</td><td>3,693</td><td>2,547</td></tr><tr><td>2-5/8/ June 1954-B............(taxable)</td><td>1,858</td><td>1,986</td><td>29</td><td>4</td><td>100</td><td>1,154</td><td>1,984</td></tr><tr><td>2-1/2/ March 1954-C (Tax Anticipation Series)............(taxable)</td><td>5,902</td><td>3,186</td><td>69</td><td>44</td><td>43</td><td>18</td><td>2,542</td></tr><tr><td>2-5/8/ August 1954-D............(taxable)</td><td>2,788</td><td>1,207</td><td>28</td><td>11</td><td>94</td><td>192</td><td>1,256</td></tr><tr><td>2-5/8/ September 1954-E............(taxable)</td><td>4,706</td><td>1,944</td><td>88</td><td>3</td><td>115</td><td>872</td><td>1,784</td></tr><tr><td>Total certificates of indebtedness............</td><td>26,369</td><td>9,540</td><td>246</td><td>70</td><td>471</td><td>5,930</td><td>10,112</td></tr><tr><td colspan="8">Treasury notes:</td></tr><tr><td>2-1/8/ December 1953-A............(taxable)</td><td>10,245</td><td>979</td><td>25</td><td>4</td><td>80</td><td>7,507</td><td>1,945</td></tr><tr><td>1-3/8/ March 1954-A............(taxable)</td><td>1,675</td><td>2,356</td><td>6</td><td>*</td><td>153</td><td>255</td><td>1,905</td></tr><tr><td>1-1/2/ March 1955-A............(taxable)</td><td>5,365</td><td>3,854</td><td>11</td><td>*</td><td>178</td><td>91</td><td>1,231</td></tr><tr><td>1-3/4/ December 1955-B............(taxable)</td><td>6,854</td><td>2,533</td><td>7</td><td>2</td><td>123</td><td>3,236</td><td>952</td></tr><tr><td>1-1/2/ April 1956-E............(taxable)</td><td>1,007</td><td>6</td><td>-</td><td>-</td><td>*</td><td>1,000</td><td>2</td></tr><tr><td>1-1/2/ October 1956-D............(taxable)</td><td>750</td><td>42</td><td>2</td><td>-</td><td>*</td><td>500</td><td>6</td></tr><tr><td>2-7/8/ March 1957-A............(taxable)</td><td>2,980</td><td>2,199</td><td>96</td><td>3</td><td>124</td><td>-</td><td>558</td></tr><tr><td>1-1/2/ April 1957-E............(taxable)</td><td>531</td><td>29</td><td>*</td><td>-</td><td>2</td><td>500</td><td>*</td></tr><tr><td>1-1/2/ October 1957-E............(taxable)</td><td>824</td><td>87</td><td>3</td><td>1</td><td>4</td><td>714</td><td>15</td></tr><tr><td>1-1/2/ April 1958-E............(taxable)</td><td>249</td><td>186</td><td>17</td><td>4</td><td>24</td><td>-</td><td>18</td></tr><tr><td>Total Treasury notes............</td><td>33,578</td><td>12,273</td><td>168</td><td>15</td><td>687</td><td>13,802</td><td>6,633</td></tr><tr><td colspan="8">Treasury bonds:</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/ December 1951-55............(taxable)</td><td>510</td><td>338</td><td>8</td><td>*</td><td>17</td><td>8</td><td>139</td></tr><tr><td>2/ June 1952-54............(taxable)</td><td>5,825</td><td>3,329</td><td>69</td><td>9</td><td>163</td><td>465</td><td>1,790</td></tr><tr><td>2-1/4/ June 1952-55............(taxable)</td><td>1,501</td><td>914</td><td>53</td><td>21</td><td>53</td><td>101</td><td>359</td></tr><tr><td>2/ December 1952-54............(taxable)</td><td>8,662</td><td>5,741</td><td>92</td><td>18</td><td>232</td><td>299</td><td>2,279</td></tr><tr><td>2-1/4/ June 1954-56............(partially)</td><td>631</td><td>575</td><td>2</td><td>*</td><td>27</td><td>*</td><td>77</td></tr><tr><td>2-7/8/ March 1955-60............(partially)</td><td>2,611</td><td>1,979</td><td>3</td><td>1</td><td>77</td><td>5</td><td>546</td></tr><tr><td>2-1/2/ March 1956-58............(taxable)</td><td>1,449</td><td>1,106</td><td>32</td><td>10</td><td>35</td><td>31</td><td>236</td></tr><tr><td>2-1/4/ September 1956-59............(taxable)</td><td>3,882</td><td>2,929</td><td>35</td><td>46</td><td>76</td><td>61</td><td>655</td></tr><tr><td>2-3/4/ September 1956-59............(partially)</td><td>982</td><td>693</td><td>2</td><td>*</td><td>32</td><td>*</td><td>22</td></tr><tr><td>2-3/8/ March 1957-59............(taxable)</td><td>927</td><td>468</td><td>23</td><td>*</td><td>8</td><td>339</td><td>89</td></tr><tr><td>2-3/8/ June 1958-............(taxable)</td><td>4,245</td><td>2,698</td><td>231</td><td>57</td><td>268</td><td>106</td><td>804</td></tr><tr><td>2-3/4/ June 1958-63............(partially)</td><td>919</td><td>835</td><td>1</td><td>-</td><td>37</td><td>1</td><td>45</td></tr><tr><td>2-1/2/ December 1958-............(taxable)</td><td>620</td><td>423</td><td>36</td><td>*</td><td>12</td><td>37</td><td>112</td></tr><tr><td>2-1/4/ June 1959-62............(taxable)</td><td>5,278</td><td>1,053</td><td>902</td><td>329</td><td>530</td><td>981</td><td>1,884</td></tr><tr><td>2-1/4/ December 1959-62............(taxable)</td><td>3,466</td><td>371</td><td>324</td><td>325</td><td>326</td><td>794</td><td>1,365</td></tr><tr><td>2-3/4/ December 1960-65............(partially)</td><td>1,485</td><td>1,327</td><td>3</td><td>2</td><td>26</td><td>1</td><td>123</td></tr><tr><td>2-3/4/ June 1962-67............(taxable)</td><td>3,117</td><td>512</td><td>399</td><td>347</td><td>180</td><td>265</td><td>634</td></tr><tr><td>2-1/2/ December 1963-68............(taxable)</td><td>2,827</td><td>163</td><td>716</td><td>259</td><td>259</td><td>368</td><td>793</td></tr><tr><td>2-1/2/ June 1964-69............(taxable)</td><td>3,756</td><td>179</td><td>1,270</td><td>702</td><td>183</td><td>429</td><td>993</td></tr><tr><td>2-1/2/ December 1964-69............(taxable)</td><td>3,832</td><td>49</td><td>857</td><td>1,035</td><td>194</td><td>559</td><td>1,138</td></tr><tr><td>2-1/2/ September 1967-72............(taxable)</td><td>2,716</td><td>1,889</td><td>138</td><td>15</td><td>38</td><td>167</td><td>1,888</td></tr><tr><td>3-1/4/ June 1978-83............(taxable)</td><td>1,606</td><td>107</td><td>132</td><td>134</td><td>35</td><td>159</td><td>1,039</td></tr><tr><td>Total bank eligible............</td><td>59,837</td><td>27,992</td><td>5,316</td><td>3,581</td><td>2,772</td><td>4,738</td><td>15,533</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/ March 1965-70............(taxable)</td><td>1,721</td><td>51</td><td>848</td><td>1,197</td><td>174</td><td>1,161</td><td>1,289</td></tr><tr><td>2-1/2/ March 1966-71............(taxable)</td><td>2,963</td><td>68</td><td>403</td><td>868</td><td>127</td><td>667</td><td>955</td></tr><tr><td>2-1/2/ June 1967-72............(taxable)</td><td>1,993</td><td>68</td><td>252</td><td>50</td><td>51</td><td>141</td><td>1,335</td></tr><tr><td>2-1/2/ December 1967-72............(taxable)</td><td>3,830</td><td>164</td><td>142</td><td>73</td><td>113</td><td>263</td><td>3,075</td></tr><tr><td>Total bank restricted............</td><td>13,406</td><td>325</td><td>1,644</td><td>2,189</td><td>465</td><td>2,232</td><td>6,550</td></tr><tr><td>Total Treasury bonds............</td><td>73,243</td><td>28,224</td><td>6,960</td><td>5,770</td><td>3,237</td><td>6,969</td><td>22,083</td></tr></table>
Footnotes at end of Section II.
(Continued on following page)
28
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status 3/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,038 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th>Insurance companies 31h 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: Postal savings bonds....................(wholly) Panama Canal bonds....................(wholly)</td><td>57 50</td><td>8 7</td><td>- -</td><td>- -</td><td>* 2</td><td>17 *</td><td>33 41</td></tr><tr><td>Total other bonds....................</td><td>107</td><td>15</td><td>-</td><td>-</td><td>2</td><td>17</td><td>73</td></tr><tr><td>Guaranteed securities: 5/ Federal Housing Administration debentures....................(taxable 10/)</td><td>63</td><td>30</td><td>10</td><td>12</td><td>1</td><td>*</td><td>11</td></tr><tr><td>Total public marketable securities....................</td><td>192,866</td><td>94,581</td><td>7,494</td><td>6,252</td><td>4,532</td><td>28,745</td><td>51,262</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 $/ 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>7,038 commercial banks 1/ 2/</th><th>226 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 $/(taxable)</td><td>35,810</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>35,809</td></tr><tr><td>Series F $/(taxable)</td><td>3,651</td><td>455</td><td>14</td><td>35</td><td>81</td><td>1</td><td>3,066</td></tr><tr><td>Series G/(taxable)</td><td>17,155</td><td>920</td><td>545</td><td>265</td><td>431</td><td>18</td><td>14,976</td></tr><tr><td>Series H/(taxable)</td><td>502</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>502</td></tr><tr><td>Series J $/(taxable)</td><td>175</td><td>1</td><td>2</td><td>1</td><td>4</td><td>*</td><td>167</td></tr><tr><td>Series K/(taxable)</td><td>503</td><td>1</td><td>5</td><td>2</td><td>12</td><td>1</td><td>483</td></tr><tr><td>Total United States savings bonds</td><td>57,795</td><td>1,376</td><td>565</td><td>303</td><td>527</td><td>21</td><td>55,003</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>5,639</td><td>43</td><td>*</td><td>*</td><td>13</td><td>6</td><td>5,576</td></tr><tr><td>Depository bonds.(taxable)</td><td>459</td><td>459 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>188</td><td>121</td><td>266</td><td>36</td><td>100</td><td>209</td></tr><tr><td>Investment Series B..(taxable)</td><td>12,168</td><td>178</td><td>1,282</td><td>3,035</td><td>332</td><td>3,439</td><td>3,901</td></tr><tr><td>Total other U. S. securities</td><td>19,186</td><td>868 11/</td><td>1,403</td><td>3,301</td><td>381</td><td>3,545</td><td>9,686</td></tr><tr><td>Total public nonmarketable securities</td><td>76,982</td><td>2,244 11/</td><td>1,969</td><td>3,604</td><td>909</td><td>3,566</td><td>64,689</td></tr></table>
Footnotes at end of Section II.
December 1955
29
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1953
Section II - Interest-Bearing Securities Issued by Federal Agencies but not Guaranteed by the United States Government
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 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>7,038 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>31k 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>793</td><td>374</td><td>42</td><td>6</td><td>22</td><td>*</td><td>349</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>36</td><td>*</td><td>-</td><td>1</td><td>-</td><td>3</td></tr><tr><td>2-5/8 June 1954 (Debentures)....(taxable)</td><td>30</td><td>18</td><td>4</td><td>-</td><td>1</td><td>-</td><td>6</td></tr><tr><td>2-3/4 June 1954 (Debentures)....(taxable)</td><td>40</td><td>20</td><td>4</td><td>1</td><td>2</td><td>-</td><td>14</td></tr><tr><td>Total Central Bank for Cooperatives securities</td><td>110</td><td>74</td><td>8</td><td>1</td><td>4</td><td>-</td><td>23</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>18</td><td>2</td><td>*</td><td>1</td><td>-</td><td>19</td></tr><tr><td>2.75 February 1954 (Notes).........(taxable)</td><td>111</td><td>52</td><td>2</td><td>*</td><td>3</td><td>1</td><td>53</td></tr><tr><td>2.75 March 1954 (Notes).........(taxable)</td><td>99</td><td>44</td><td>5</td><td>*</td><td>1</td><td>-</td><td>43</td></tr><tr><td>2-7/8 April 1954 (Notes).........(taxable)</td><td>100</td><td>47</td><td>2</td><td>*</td><td>2</td><td>-</td><td>49</td></tr><tr><td>Total Federal home loan bank securities</td><td>349</td><td>161</td><td>11</td><td>1</td><td>7</td><td>1</td><td>168</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>92</td><td>3</td><td>*</td><td>2</td><td>-</td><td>17</td></tr><tr><td>2-1/2 November 1954 (Bonds).....(taxable)</td><td>71</td><td>47</td><td>2</td><td>*</td><td>5</td><td>-</td><td>17</td></tr><tr><td>2-1/2 November 1954 (Bonds).....(taxable)</td><td>101</td><td>57</td><td>6</td><td>*</td><td>4</td><td>-</td><td>33</td></tr><tr><td>1-3/4 October 1955-57 (Bonds).....(taxable)</td><td>215</td><td>180</td><td>1</td><td>*</td><td>7</td><td>-</td><td>27</td></tr><tr><td>2-5/8 May 1956 (Bonds).....(taxable)</td><td>229</td><td>156</td><td>12</td><td>1</td><td>10</td><td>-</td><td>49</td></tr><tr><td>2-3/4 May 1958 (Bonds).....(taxable)</td><td>145</td><td>73</td><td>11</td><td>1</td><td>4</td><td>-</td><td>56</td></tr><tr><td>Total Federal land bank securities</td><td>875</td><td>605</td><td>36</td><td>3</td><td>32</td><td>-</td><td>199</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 I, 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 may not acquire prior to specified dates (with minor exceptions); see "Debt Outstanding", Table 2, footnote 1.
8/ Federal securities held by the 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 secured by any one holder is also exempt from the surtax. "Taxable" securities are those with the income subject to normal tax and surtax.
11/ Includes Federal Housing Administration debentures; see footnote 10.
12/ A small indeterminate amount of these debentures in partially tax-exempt.
13/ Includes $146.2 million depositary bonds held by commercial banks not included in the Treasury Survey.
14/ The proprietary interest of the United States in these banks ended in July 1951.
15/ Excluding 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.
30
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 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
public marketable securities issued by the United States Government except Panama Canal bonds. Outstanding issues which are guaranteed by the United States Government are excluded because they are not regularly quoted in the market.
Table 1.- Treasury Bills (Taxable)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th><th rowspan="2">Amount outstanding (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>11/2/53</td><td>8/6/53</td><td>.95%</td><td>-.45%</td><td>$1,500</td><td>12/28/53</td><td>9/28/53</td><td>1.15%</td><td>-.37%</td></tr><tr><td>1,501</td><td>11/15/53</td><td>8/13/53</td><td>.95</td><td>-.48</td><td>1,501</td><td>12/31/53</td><td>10/1/53</td><td>1.20</td><td>-.32</td></tr><tr><td>1,501</td><td>11/19/53</td><td>8/20/53</td><td>.97</td><td>-.46</td><td>1,501</td><td>1/7/54</td><td>1/3/53</td><td>1.26</td><td>-</td></tr><tr><td>1,502</td><td>11/27/53</td><td>8/27/53</td><td>1.05</td><td>-.43</td><td>1,501</td><td>1/14/54</td><td>10/15/53</td><td>1.27</td><td>-</td></tr><tr><td>1,500</td><td>12/3/53</td><td>9/3/53</td><td>1.05</td><td>-.43</td><td>1,500</td><td>1/21/54</td><td>10/22/53</td><td>1.28</td><td>-</td></tr><tr><td>1,501</td><td>12/10/53</td><td>9/10/53</td><td>1.05</td><td>-.45</td><td>1,500</td><td>1/28/54</td><td>10/29/53</td><td>1.28</td><td>-</td></tr><tr><td>1,500</td><td>12/17/53</td><td>9/17/53</td><td>1.10</td><td>-.41</td><td></td><td></td><td></td><td></td><td></td></tr></table>
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>$8,111</td><td>2-1/4% - 2/15/54-a</td><td>2/15/53</td><td>100.11</td><td>+.02</td><td>1.04%</td><td>-.13%</td></tr><tr><td>5,002</td><td>2-1/2 - 3/22/54-a 1/</td><td>7/15/53</td><td>100.13</td><td>+.01$</td><td>1.14%</td><td>-.13</td></tr><tr><td>4,958</td><td>2-5/8 - 5/1/54-b</td><td>5/1/53</td><td>100.20</td><td>+.05</td><td>1.51</td><td>-.18</td></tr><tr><td>2,788</td><td>2-5/8 - 8/15/54-d</td><td>8/15/53</td><td>100.27</td><td>+.10</td><td>1.92</td><td>-.17</td></tr><tr><td>4,723</td><td>2-5/8 - 9/15/54-e</td><td>9/15/53</td><td>100.27</td><td>+.10</td><td>1.63</td><td>-.12</td></tr></table>
Footnote at end of Table 4.
Table 3.- Other Taxable Issues
(Price decimals are 32nds)
<table><tr><th>Amount outstanding (millions)</th><th>Description</th><th>Bid</th><th>Change from last month</th><th>-, maturity</th><th>Change from last month</th><th>Issue date</th><th colspan="2">Price range since first traded 2/</th><th colspan="2">Price range since first traded 2/</th></tr><tr><th></th><th></th><th colspan="2">Price</th><th colspan="2">Yield</th><th></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 notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>$10,542</td><td>2-1/8A - 12/1/53-A</td><td>100.10</td><td>+03</td><td>+1.56 per M 3/</td><td>-</td><td>10/1/52</td><td>100.10</td><td>10/30/53</td><td>99.26</td><td>6/1/53</td></tr><tr><td>4,675</td><td>1-3/8 - 3/15/54-A</td><td>100.02</td><td>+06</td><td>1.21%</td><td>-.14%</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>99.18</td><td>+11</td><td>1.83</td><td>-.22</td><td>3/15/50</td><td>100.37</td><td>3/10/50</td><td>97.22</td><td>12/26/51</td></tr><tr><td>6,054</td><td>1-3/4 - 12/15/55-B</td><td>99.25</td><td>+21</td><td>1.36</td><td>-.30</td><td>12/15/50</td><td>100.04</td><td>1/13/51</td><td>97.21</td><td>6/1/53</td></tr><tr><td>1,007</td><td>1-1/2 - 1/1/56-EA</td><td>98.28</td><td>+20</td><td>2.03</td><td>-.25</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>590</td><td>1-1/2 - 10/1/56-BO</td><td>98.18</td><td>+28</td><td>2.01</td><td>-.29</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>2,996</td><td>2-7/8 - 3/15/57-A</td><td>101.07</td><td>+12</td><td>2.30</td><td>-.13</td><td>9/15/53</td><td>101.28</td><td>10/26/53</td><td>100.04</td><td>9/8/53</td></tr><tr><td>531</td><td>1-1/2 - 1/1/57-EA</td><td>98.04</td><td>+24</td><td>2.06</td><td>-.22</td><td>1/1/52</td><td>98.15</td><td>1/17/52</td><td>95.24</td><td>6/6/53</td></tr><tr><td>824</td><td>1-1/2 - 10/1/57-BO</td><td>97.28</td><td>+20</td><td>2.10</td><td>-.16</td><td>10/1/52</td><td>97.24</td><td>10/30/53</td><td>94.16</td><td>6/6/53</td></tr><tr><td>383</td><td>1-1/2 - 1/1/58-EA</td><td>97.08</td><td>+24</td><td>2.16</td><td>-.16</td><td>1/1/53</td><td>97.08</td><td>10/30/53</td><td>93.16</td><td>6/6/53</td></tr><tr><td>9</td><td>1-1/2 - 10/1/58-BO</td><td>96.18</td><td>-</td><td>2.24</td><td>-</td><td>10/1/53</td><td>96.18</td><td>10/30/53</td><td>96.02</td><td>10/5/53</td></tr><tr><td colspan="2">Treasury bonds - bank eligible:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>510</td><td>2% - 12/15/51-55 b/</td><td>100.02</td><td>+14</td><td>1.90 2/</td><td>-.27</td><td>12/15/41</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 5/</td><td>100.10</td><td>+07</td><td>1.48</td><td>-.11</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>1,501</td><td>2-1/4 - 6/15/52-55 5/</td><td>100.12</td><td>+11</td><td>1.64 2/</td><td>-.98</td><td>2/25/42</td><td>106.08</td><td>2/9/46</td><td>98.30</td><td>6/1/53</td></tr><tr><td>8,662</td><td>2 - 12/15/52-54 5/</td><td>100.06</td><td>+07</td><td>1.69 2/</td><td>-.34</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 - 3/15/56-58</td><td>100.18</td><td>+12</td><td>2.26 2/</td><td>-.16</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>99.12</td><td>+20</td><td>2.37 2/</td><td>-.11</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>100.05</td><td>+17</td><td>2.33 2/</td><td>-.12</td><td>3/1/52</td><td>101.18</td><td>1/18/52</td><td>96.06</td><td>6/2/53</td></tr><tr><td>1,215</td><td>2-3/8 - 6/15/58</td><td>99.30</td><td>+06</td><td>2.39</td><td>-.04</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>600</td><td>2-1/2 - 12/15/58</td><td>100.24</td><td>+20</td><td>2.43</td><td>-.13</td><td>2/2/53</td><td>100.26</td><td>10/16/53</td><td>97.04</td><td>6/1/53</td></tr><tr><td>5,278</td><td>2-1/4 - 6/15/59-52</td><td>97.22</td><td>+14</td><td>2.55</td><td>-.05</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>97.22</td><td>+14</td><td>2.54</td><td>-.05</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>3,166</td><td>2-3/4 - 9/15/61</td><td>100.28</td><td>-</td><td>2.63</td><td>-</td><td>11/9/53</td><td>100.28</td><td>10/30/53</td><td>100.28</td><td>10/30/53</td></tr><tr><td>2,116</td><td>2-1/2 - 6/15/62-67</td><td>97.26</td><td>+04</td><td>2.70</td><td>-.01</td><td>5/9/42</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>96.30</td><td>+02</td><td>2.75</td><td>-.00</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>96.23</td><td>+09</td><td>2.76</td><td>-.03</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>96.20</td><td>+14</td><td>2.76</td><td>-.04</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>95.12</td><td>+16</td><td>2.82</td><td>-.03</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 - 6/15/70-83 2/</td><td>103.30</td><td>+120</td><td>3.06 2/</td><td>-.10</td><td>5/1/53</td><td>104.03</td><td>10/27/53</td><td>98.20</td><td>6/1/53</td></tr></table>
Footnotes at and of Table 4.
(Continued on following page)
December 1955
31
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 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 2/</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">Eight</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>$.721</td><td>Treasury bonds - bank restricted: 10/</td><td>96.04</td><td>+.10</td><td>2.80%</td><td>-.02%</td><td>2/1/44</td><td>107.23</td><td>4/6/46</td><td>90.18</td><td>6/1/53</td></tr><tr><td>2,962</td><td>2-1/2% - 3/15/65-70</td><td>95.24</td><td>+.08</td><td>2.81</td><td>-.02</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>1,893</td><td>2-1/2 - 6/15/67-72</td><td>95.18</td><td>+.22</td><td>2.81</td><td>-.05</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>3,828</td><td>2-1/2 - 12/15/67-72</td><td>95.12</td><td>+.16</td><td>2.81</td><td>-.04</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>Amount outstanding (millions)</th><th>Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To first call</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td colspan="3">Treasury bonds - bank eligible:</td><td></td><td></td><td></td><td></td><td>Price</td><td>Date</td><td>Price</td><td>Date</td></tr><tr><td>$ 681</td><td>2-1/4% - 6/15/54-56</td><td>100.22</td><td>+03</td><td>1.12%</td><td>-28%</td><td>7/22/40</td><td>109.29</td><td>3/12/46</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>102.06</td><td>+09</td><td>1.25</td><td>-29</td><td>3/15/35</td><td>116.02</td><td>1/12/46</td><td>98.30</td><td>9/20/35</td></tr><tr><td>982</td><td>2-3/4 - 9/15/56-99</td><td>103.22</td><td>+02</td><td>1.13</td><td>-16</td><td>9/15/36</td><td>116.13</td><td>1/26/46</td><td>98.10</td><td>1/1/37</td></tr><tr><td>919</td><td>2-3/4 - 6/15/58-63</td><td>109.14</td><td>+20</td><td>1.53</td><td>-15</td><td>6/15/38</td><td>117.04</td><td>1/15/46</td><td>99.15</td><td>9/25/39</td></tr><tr><td>1,485</td><td>2-3/4 - 12/15/60-65</td><td>106.20</td><td>+24</td><td>1.76</td><td>-12</td><td>12/15/38</td><td>119.00</td><td>1/25/46</td><td>99.14</td><td>9/25/39</td></tr></table>
1/ Tax Anticipation Series.
2/ 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 at that time before October 1, 1939, they are closing prices on the New York Stock Exchange. "When issued" prices are included in history beginning October 1, 1939. Dates of highs and lows in case of recurrence are the latest dates.
3/ Excess of price over zero yield.
4/ Not subject to registration on December 15, 1953. Callable on four months' notice on June 15, 1954.
5/ 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.
5/ Not called for redemption on December 15, 1953. Will mature on June 15, 1954.
7/ Amount allotted on November 6, 1953, was $2,238 million.
9/ Included in the average of taxable Treasury bonds due or callable from 12 to 30 years beginning April 15, 1953, as shown under "Average Yields of Long-Term Bonds"
2/ First quoted April 15, 1953. This issue is listed under a new long-term taxable Treasury bond class due or callable 20 years and after as shown under "Average Yields of Long-Term Bonds".
10/ For definition, see "Debt Outstanding and General Fund", Table 2, footnote 1.
32
Treasury Bulletin
YIELDS OF TAXABLE TREASURY SECURITIES, OCT. 30, 1953
Based on Closing Bid Quotations
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.
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-1
December 1957
33
AVERAGE YIELDS OF LONG-TERM BONDS
Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Period
(Percent per annum)
<table><tr><th>Period</th><th>Taxable Treasury bonds 1/2/</th><th>Moody's Aaa corporate bonds 1/</th><th>Period</th><th>Taxable Treasury bonds 1/2/</th><th>Moody's Aaa corporate bonds 1/</th><th>Period</th><th>Taxable Treasury bonds, due or callable - 1/ From 12 to 20 years</th><th>20 years and after</th><th>Moody's Aaa corporate bonds 1/</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>2.82</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></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></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1951</td><td>2.57</td><td>2.86</td><td></td></tr><tr><td>1946</td><td>2.19</td><td>2.53</td><td>1952</td><td>2.68</td><td>2.96</td><td></td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td></td><td></td><td></td><td></td></tr></table>
<table><tr><th colspan="9">Monthly series - averages of daily series</th></tr><tr><td>1949-Jan......</td><td>2.42</td><td>2.71</td><td>1951-Apr.....</td><td>2.56</td><td>2.87</td><td>1953-Apr.....</td><td>2.97</td><td>3.24</td><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>3.28</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>2.84</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>Oct.....</td><td>2.83</td><td>3.06</td><td>3.16</td></tr><tr><td>Aug.....</td><td>2.28</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 4/</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>2.65</td><td>Oct.....</td><td>2.74</td><td>3.01</td><td></td><td></td><td></td><td></td></tr><tr><td>Aug.....</td><td>2.33</td><td>2.61</td><td>Nov.....</td><td>2.71</td><td>3.08</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept.....</td><td>2.36</td><td>2.64</td><td>Dec.....</td><td>2.73</td><td>2.97</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.....</td><td>2.38</td><td>2.67</td><td>1953-Jan.....</td><td>2.80</td><td>3.02</td><td></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>2.78</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="3">Taxable Treasury bonds, due or callable - 1/20 years end after</th><th>Mooyle's Aaa corporate bonds 3/</th><th>Period</th><th colspan="3">Taxable Treasury bonds, due or callable - 1/20 years end after</th><th>Mooyle's Aaa corporate bonds 3/</th><th>Period</th><th colspan="3">Taxable Treasury bonds, due or callable - 1/20 years end after</th><th>Mooyle's Aaa corporate bonds 3/</th></tr><tr><th></th><th>From 12 to 20 years</th><th>20 years end after</th><th></th><th></th><th></th><th>From 12 to 20 years</th><th>20 years end after</th><th></th><th></th><th></th><th>From 12 to 20 years</th><th>20 years end after</th><th></th></tr><tr><td>1953-May</td><td>1 3.04</td><td>3.26</td><td>3.28</td><td>1953-July 3</td><td>3,01</td><td>3.26</td><td>3.36</td><td>1953-Sept. 4</td><td>3.02</td><td>3.23</td><td>3.29</td></tr><tr><td>8</td><td>3.08</td><td>3.27</td><td>3.33</td><td>10</td><td>2.99</td><td>3.25</td><td>3.31</td><td>11</td><td>3.02</td><td>3.24</td><td>3.30</td></tr><tr><td>15</td><td>3.08</td><td>3.26</td><td>3.35</td><td>17</td><td>2.98</td><td>3.25</td><td>3.28</td><td>16</td><td>2.99</td><td>3.21</td><td>3.31</td></tr><tr><td>22</td><td>3.09</td><td>3.26</td><td>3.35</td><td>24</td><td>2.98</td><td>3.23</td><td>3.26</td><td>25</td><td>2.92</td><td>3.15</td><td>3.30</td></tr><tr><td>29</td><td>3.12</td><td>3.27</td><td>3.35</td><td>31</td><td>3.01</td><td>3.24</td><td>3.24</td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>5 3.15</td><td>3.30</td><td>3.39</td><td>Aug. 7</td><td>3.00</td><td>3.23</td><td>3.22</td><td>Oct. 2</td><td>2.87</td><td>3.12</td><td>3.24</td></tr><tr><td>12</td><td>3.10</td><td>3.30</td><td>3.41</td><td>14</td><td>3.00</td><td>3.22</td><td>3.22</td><td>9</td><td>2.84</td><td>3.08</td><td>3.19</td></tr><tr><td>19</td><td>3.10</td><td>3.31</td><td>3.42</td><td>21</td><td>3.00</td><td>3.22</td><td>3.24</td><td>16</td><td>2.84</td><td>3.06</td><td>3.16</td></tr><tr><td>26</td><td>3.05</td><td>3.28</td><td>3.41</td><td>28</td><td>3.01</td><td>3.22</td><td>3.26</td><td>23</td><td>2.83</td><td>3.05</td><td>3.14</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>30</td><td>2.81</td><td>3.02</td><td>3.12</td></tr></table>
Daily series - unweighted averages
<table><tr><td>1953-Oct.</td><td>1</td><td>2.86</td><td>3.12</td><td>3.23</td><td>1953-Oct.</td><td>12</td><td>5/</td><td>5/</td><td>5/</td><td>1953-Oct.</td><td>22</td><td>2.82</td><td>3.03</td><td>3.14</td></tr><tr><td></td><td>2</td><td>2.86</td><td>3.11</td><td>3.22</td><td></td><td>13</td><td>2.89</td><td>3.07</td><td>3.18</td><td></td><td>23</td><td>2.80</td><td>3.03</td><td>3.13</td></tr><tr><td></td><td>5</td><td>2.88</td><td>3.10</td><td>3.21</td><td></td><td>15</td><td>2.83</td><td>3.06</td><td>3.16</td><td></td><td>26</td><td>2.80</td><td>3.02</td><td>3.13</td></tr><tr><td></td><td>6</td><td>2.88</td><td>3.07</td><td>3.20</td><td></td><td>16</td><td>2.84</td><td>3.07</td><td>3.15</td><td></td><td>27</td><td>2.80</td><td>3.02</td><td>3.12</td></tr><tr><td></td><td>7</td><td>2.88</td><td>3.08</td><td>3.19</td><td></td><td>19</td><td>2.85</td><td>3.07</td><td>3.15</td><td></td><td>28</td><td>2.81</td><td>3.02</td><td>3.11</td></tr><tr><td></td><td>8</td><td>2.88</td><td>3.08</td><td>3.18</td><td></td><td>20</td><td>2.85</td><td>3.06</td><td>3.14</td><td></td><td>29</td><td>2.81</td><td>3.02</td><td>3.11</td></tr><tr><td></td><td>9</td><td>2.83</td><td>3.06</td><td>3.18</td><td></td><td>21</td><td>2.84</td><td>3.05</td><td>3.14</td><td></td><td>30</td><td>2.81</td><td>3.02</td><td>3.11</td></tr></table>
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.
composition of these Treasury bond averages, see the "Treasury Bulletin" for March 1944, page 58.
3/ Believed for March 1954, page 397. 
Moody's Investors Service average of Aaa corporate bonds. This series supersedes the Treasury average of high-grade corporate bonds previously shown in this table, which was discontinued after March 1953.
4/ The long-term taxable Treasury bond average was revised beginning April 1, 1952, see footnote 2. The old average for April 1952 was 2.62 percent.
5/ Market closed.
34
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
Office of the Secretary of the Treasury
F-220-L
AVERAGE YIELDS OF LONG-TERM BONDS
December 1957
35
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Total receipts from internal revenue (Daily Treasury Statement)</th><th>Adjustment of collections to Daily Treasury Statement</th><th>Total internal revenue collections</th><th>Corporation income and profit taxes 2/</th><th>Total</th><th>Individual income tax not withheld 3/</th><th>Individual income tax withheld 3/</th><th>Old-age insurance taxes 3/</th><th>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>16,087,213</td><td>20,813,491</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>8,886,947</td><td>9,857,589</td><td>1,237,325</td><td>284,258</td><td>178,745</td></tr><tr><td>1947</td><td>39,379,409</td><td>+711,136</td><td>39,108,273</td><td>9,676,757</td><td>21,367,662</td><td>9,501,015</td><td>9,184,238</td><td>1,458,934</td><td>379,555</td><td>159,876</td></tr><tr><td>1948</td><td>41,893,489</td><td>-11,091</td><td>41,864,536</td><td>10,174,310</td><td>23,379,123</td><td>9,404,204</td><td>11,533,377</td><td>1,632,721</td><td>560,113</td><td>208,508</td></tr><tr><td>1949</td><td>40,307,289</td><td>-159,834</td><td>40,463,119</td><td>11,553,659</td><td>20,987,935</td><td>7,996,320</td><td>10,055,508</td><td>1,687,151</td><td>562,734</td><td>226,228</td></tr><tr><td>1950</td><td>39,448,607</td><td>+901,482</td><td>38,987,126</td><td>10,854,351</td><td>19,797,883</td><td>7,854,332</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>50,445,686</td><td>14,387,569</td><td>26,684,788</td><td>9,907,539</td><td>13,089,769</td><td>2,810,790</td><td>579,778</td><td>236,952</td></tr><tr><td>1952</td><td>65,634,894</td><td>+625,502</td><td>65,009,393</td><td>21,466,910</td><td>33,738,370</td><td>11,343,060</td><td>17,969,047</td><td>3,584,026</td><td>620,622</td><td>259,616</td></tr><tr><td>1953</td><td>69,930,659</td><td>+844,145</td><td>69,686,509</td><td>21,594,515</td><td>37,254,619</td><td>11,603,942</td><td>24,750,494</td><td></td><td>688,969</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>1,134,150</td><td></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></td><td>67,158</td><td>166,743</td></tr><tr><td>March</td><td>11,712,444</td><td>+1,437,829</td><td>10,274,615</td><td>6,172,089</td><td>3,125,463</td><td>2,698,047</td><td>327,686</td><td></td><td>91,058</td><td>8,672</td></tr><tr><td>April</td><td>3,900,228</td><td>-215,385</td><td>4,115,622</td><td>694,130</td><td>2,529,427</td><td>854,692</td><td>1,666,826</td><td></td><td>3,084</td><td>4,825</td></tr><tr><td>May</td><td>3,980,068</td><td>-1,000,318</td><td>6,100,386</td><td>358,993</td><td>4,738,553</td><td>150,548</td><td>4,519,981</td><td></td><td>50,845</td><td>17,179</td></tr><tr><td>June</td><td>10,117,195</td><td>+1,437,107</td><td>8,660,088</td><td>5,683,320</td><td>2,063,047</td><td>1,437,420</td><td>927,360</td><td></td><td>99,399</td><td>-1,132</td></tr><tr><td>July</td><td>3,332,324</td><td>-420,534</td><td>3,732,858</td><td>690,737</td><td>2,128,615</td><td>384,338</td><td>1,792,397</td><td></td><td>3,091</td><td>4,789</td></tr><tr><td>August</td><td>4,965,578</td><td>-880,403</td><td>5,795,981</td><td>326,861</td><td>4,606,713</td><td>91,185</td><td>4,434,183</td><td></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></td><td>87,694</td><td>744</td></tr><tr><td>October</td><td>2,717,561</td><td>-489,266</td><td>3,202,827</td><td>477,665</td><td>2,020,637</td><td>78,836</td><td>1,933,761</td><td></td><td>3,222</td><td>4,817</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Total miscellaneous internal revenue</th><th>Capital stock tax $/</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>1949</td><td>6,999,634</td><td>371,999</td><td>643,025</td><td>2,309,864</td><td>932,145</td><td>65,288</td><td>1,206,616</td><td>1,430,488</td></tr><tr><td>1946</td><td>7,712,956</td><td>352,121</td><td>676,832</td><td>2,226,162</td><td>1,165,519</td><td>87,676</td><td>1,414,717</td><td>1,899,929</td></tr><tr><td>1947</td><td>8,063,854</td><td>1,597</td><td>779,291</td><td>2,474,756</td><td>1,237,768</td><td>79,978</td><td>1,939,621</td><td>1,950,942</td></tr><tr><td>1948</td><td>8,311,003</td><td>1,763</td><td>899,345</td><td>2,259,320</td><td>1,300,280</td><td>79,466</td><td>2,139,157</td><td>1,695,711</td></tr><tr><td>1949</td><td>8,381,515</td><td>6,138</td><td>796,538</td><td>2,210,601</td><td>1,321,875</td><td>72,388</td><td>2,280,744</td><td>1,752,792</td></tr><tr><td>1950</td><td>8,304,892</td><td>266</td><td>706,226</td><td>2,219,196</td><td>1,328,464</td><td>84,648</td><td>2,245,182</td><td>1,720,903</td></tr><tr><td>1951</td><td>9,433,328</td><td>-</td><td>789,730</td><td>2,546,807</td><td>1,380,396</td><td>93,107</td><td>2,840,690</td><td>1,882,598</td></tr><tr><td>1952</td><td>9,904,112</td><td>-</td><td>833,147</td><td>2,549,088</td><td>1,565,162</td><td>84,995</td><td>2,824,409</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>1,694,911</td><td>90,319</td><td>3,358,705</td><td>2,061,820</td></tr><tr><td>1953-January</td><td>837,400</td><td>-</td><td>76,922</td><td>187,958</td><td>135,759</td><td>6,237</td><td>286,730</td><td>147,825</td></tr><tr><td>February</td><td>886,509</td><td>-</td><td>64,830</td><td>185,595</td><td>132,969</td><td>10,018</td><td>309,085</td><td>145,215</td></tr><tr><td>March</td><td>978,684</td><td>-</td><td>153,506</td><td>229,090</td><td>143,621</td><td>5,883</td><td>275,965</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>291,538</td><td>181,125</td></tr><tr><td>May</td><td>912,879</td><td>-</td><td>62,074</td><td>228,899</td><td>128,962</td><td>5,905</td><td>380,183</td><td>166,997</td></tr><tr><td>June</td><td>913,782</td><td>-</td><td>59,911</td><td>236,958</td><td>136,184</td><td>5,437</td><td>307,009</td><td>168,222</td></tr><tr><td>July</td><td>977,506</td><td>-</td><td>82,050</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>892,808</td><td>-</td><td>60,231</td><td>224,681</td><td>145,120</td><td>4,947</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>25,939</td></tr><tr><td>October</td><td>704,525</td><td>-</td><td>96,240</td><td>294,008</td><td>146,664</td><td>11,482</td><td>73,720</td><td>82,410</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. Receipts on the Daily Treasury Statement basis are compiled from the latest daily reports from Government depositaries; 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 depositaries. Excludes collections for credit to certain trust accounts for island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 385, approved June 10, 1952, for taxable years ending after that date). Includes excess profits taxes formerly shown separately as follows: unjust enrichment through 1947 (thereafter these collections are included under "Miscellaneous taxes"); declared value (repealed for 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, 1953). Includes also excess profits taxes on Army and Navy contracts under the Vinson Act as amended (34 U.S.C. 496) and income tax on business income of exempt organizations as proposed in Revenue Act of 1953, to be effective after December 31, 1953. 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 beginning 1952. The estimates for 1951 and 1952 and 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 budgetary estimates for these taxes, years beginning 1951, but the estimate for 1953 is not yet available. 5/ Repealed for years ending after June 30, 1945. Beginning July 1950, included under "Miscellaneous taxes".
36
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Office of the Secretary of the Treasury
8-165-0
December 1955
37
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 4 months of fiscal year</th><th colspan="2">Fourth month of fiscal year</th></tr><tr><th></th><th>1952</th><th>1953</th><th>1953</th><th>1954</th><th>1953 (October 1952)</th><th>1954 (October 1953)</th></tr><tr><td>Corporation income and profits taxes $</td><td>21,466,910</td><td>21,594,515</td><td>4,683,950</td><td>3,221,743</td><td>927,471</td><td>477,665</td></tr><tr><td>Individual income tax and employment taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax not withheld $</td><td>11,545,060</td><td>11,603,942</td><td>2,303,476</td><td>2,125,473</td><td>164,390</td><td>78,336</td></tr><tr><td>Income tax withheld and old-age insurance $</td><td>21,313,072</td><td>24,750,494</td><td>7,416,858</td><td>8,473,002</td><td>1,633,657</td><td>1,933,161</td></tr><tr><td>Railroad retirement</td><td>620,622</td><td>528,969</td><td>160,647</td><td>161,516</td><td>3,290</td><td>3,297</td></tr><tr><td>Unemployment insurance</td><td>259,616</td><td>271,214</td><td>23,793</td><td>24,186</td><td>4,147</td><td>4,517</td></tr><tr><td>Total individual income tax and employment taxes</td><td>33,738,370</td><td>37,254,619</td><td>9,904,373</td><td>10,784,177</td><td>1,805,486</td><td>2,020,637</td></tr><tr><td>Miscellaneous internal revenues:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Estate tax</td><td>750,591</td><td>784,590</td><td>265,856</td><td>299,327</td><td>55,660</td><td>95,501</td></tr><tr><td>Gift tax</td><td>8,556</td><td>106,694</td><td>3,113</td><td>4,137</td><td>974</td><td>739</td></tr><tr><td>Liquor taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirits (imported, excise)</td><td>187,479</td><td>204,794</td><td>61,605</td><td>78,205</td><td>20,321</td><td>26,103</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>1,402,220</td><td>1,636,057</td><td>560,757</td><td>590,045</td><td>188,579</td><td>190,390</td></tr><tr><td>Distilled spirits, rectification tax</td><td>31,812</td><td>38,721</td><td>10,833</td><td>9,982</td><td>3,382</td><td>3,174</td></tr><tr><td>Minor, cordials, etc. (imported, excise)</td><td>3,753</td><td>1,956</td><td>1,158</td><td>1,230</td><td>494</td><td>399</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>68,621</td><td>76,579</td><td>25,055</td><td>23,124</td><td>7,997</td><td>7,242</td></tr><tr><td>Dealers in distilled spirits, rectifiers; manufacturers of stills (special taxes)</td><td>15,249</td><td>16,272</td><td>11,640</td><td>11,661</td><td>321</td><td>297</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>28</td><td>24</td><td>31</td><td>16</td><td>25</td><td>4</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>1,289</td><td>1,020</td><td>671</td><td>407</td><td>263</td><td>126</td></tr><tr><td>Container stamps</td><td>12,080</td><td>13,319</td><td>4,288</td><td>4,949</td><td>1,340</td><td>1,540</td></tr><tr><td>Floor taxes</td><td>93,808</td><td>27,956</td><td>27,310</td><td>196</td><td>176</td><td>35</td></tr><tr><td>Permitted malt liquors</td><td>727,604</td><td>762,983</td><td>286,259</td><td>306,200</td><td>61,558</td><td>63,979</td></tr><tr><td>Brewers' dealers in malt liquors (special taxes)</td><td>5,148</td><td>5,215</td><td>3,723</td><td>3,660</td><td>118</td><td>117</td></tr><tr><td>Total liquor taxes</td><td>2,549,038</td><td>2,780,925</td><td>993,281</td><td>1,028,370</td><td>289,051</td><td>294,008</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (large)</td><td>44,760</td><td>46,277</td><td>16,471</td><td>16,415</td><td>4,894</td><td>4,570</td></tr><tr><td>Cigars (small)</td><td>50</td><td>49</td><td>17</td><td>14</td><td>5</td><td>4</td></tr><tr><td>Cigarettes (large)</td><td>12</td><td>7</td><td>3</td><td>2</td><td>1</td><td>1</td></tr><tr><td>Cigarettes (small)</td><td>1,474,050</td><td>1,586,775</td><td>568,738</td><td>533,560</td><td>149,398</td><td>140,183</td></tr><tr><td>Snuff</td><td>4,736</td><td>3,821</td><td>1,242</td><td>1,296</td><td>38</td><td>370</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>22,517</td><td>17,244</td><td>6,279</td><td>5,816</td><td>1,757</td><td>1,239</td></tr><tr><td>Cigarette papers and tubes</td><td>93</td><td>717</td><td>267</td><td>219</td><td>95</td><td>3</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>2</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Cigarette and cigar floor taxes</td><td>17,732</td><td>19</td><td>13</td><td>1</td><td>2</td><td>*</td></tr><tr><td>Total tobacco taxes</td><td>1,565,162</td><td>1,654,911</td><td>593,032</td><td>557,325</td><td>156,530</td><td>146,664</td></tr><tr><td>Stamp taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bonds, issues, and transfers of capital stock, deeds of conveyance, etc.</td><td>77,556</td><td>8,640</td><td>26,134</td><td>30,600</td><td>4,918</td><td>10,761</td></tr><tr><td>Playing cards</td><td>7,353</td><td>7,592</td><td>2,598</td><td>2,364</td><td>831</td><td>721</td></tr><tr><td>Silver bullion sales or transfers</td><td>86</td><td>97</td><td>18</td><td>10</td><td>1</td><td>1</td></tr><tr><td>Total stamp taxes</td><td>84,995</td><td>90,319</td><td>28,750</td><td>32,974</td><td>5,752</td><td>11,482</td></tr><tr><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Lubricating oils</td><td>95,286</td><td>73,321</td><td>25,768</td><td>15,180</td><td>6,475</td><td>2,640</td></tr><tr><td>Gasoline</td><td>713,174</td><td>890,679</td><td>322,103</td><td>178,669</td><td>80,899</td><td>18,932</td></tr><tr><td>Tire and tubes</td><td>161,445</td><td>180,032</td><td>55,815</td><td>33,527</td><td>19,666</td><td>299</td></tr><tr><td>Automobile trucks and buses</td><td>147,445</td><td>210,032</td><td>60,047</td><td>32,668</td><td>9,666</td><td>2,771</td></tr><tr><td>Other automobiles and motorcycles</td><td>578,149</td><td>705,716</td><td>171,326</td><td>176,742</td><td>39,072</td><td>190</td></tr><tr><td>Parts and accessories for automobiles</td><td>164,135</td><td>177,924</td><td>57,974</td><td>32,055</td><td>15,868</td><td>6,889</td></tr><tr><td>Electric energy $</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>89,544</td><td>113,390</td><td>33,964</td><td>19,325</td><td>10,330</td><td>3,447</td></tr><tr><td>Electric light bulbs and tubes</td><td>39,736</td><td>36,684</td><td>10,231</td><td>5,592</td><td>1,623</td><td>107</td></tr><tr><td>Radio sets, phonographs, television sets, components, etc.</td><td>118,244</td><td>159,383</td><td>36,587</td><td>22,620</td><td>13,858</td><td>4,895</td></tr><tr><td>Photograph records</td><td>6,880</td><td>7,617</td><td>1,747</td><td>1,023</td><td>13</td><td>45</td></tr><tr><td>Musical instruments</td><td>9,412</td><td>11,048</td><td>3,361</td><td>1,758</td><td>1,270</td><td>490</td></tr><tr><td>Mechanical refrigerators, air-conditioners, quick-freeze units, etc.</td><td>57,970</td><td>87,424</td><td>30,244</td><td>18,805</td><td>8,043</td><td>1,169</td></tr><tr><td>Matches</td><td>8,032</td><td>8,259</td><td>3,204</td><td>2,359</td><td>1,022</td><td>616</td></tr><tr><td>Business and store machines</td><td>48,515</td><td>50,259</td><td>10,951</td><td>9,392</td><td>4,216</td><td>446</td></tr><tr><td>Photographic apparatus</td><td>33,766</td><td>29,401</td><td>10,250</td><td>5,963</td><td>2,361</td><td>308</td></tr><tr><td>Sporting goods</td><td>16,501</td><td>15,845</td><td>5,469</td><td>3,578</td><td>1,325</td><td>566</td></tr><tr><td>Firearms, shells, and cartridges</td><td>10,679</td><td>12,148</td><td>4,764</td><td>2,807</td><td>1,279</td><td>319</td></tr><tr><td>Pistols and revolvers</td><td>1,172</td><td>983</td><td>380</td><td>245</td><td>29</td><td>68</td></tr><tr><td>Mechanical pencils, pens, and lighters $</td><td>4,880</td><td>11,938</td><td>3,168</td><td>2,023</td><td>1,971</td><td>703</td></tr><tr><td>Total manufacturers' excise taxes</td><td>2,348,943</td><td>2,862,788</td><td>853,213</td><td>563,811</td><td>213,228</td><td>44,834</td></tr></table>
Footnotes at end of table.
(Continued on following page)
38
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
Table 2.- Detail of Collections by Type of Tax 1/ - (Continued)
(In thousands of dollars)
<table><tr><th>Type of tax</th><th>Fiscal year</th><th></th><th>First 6 months of fiscal year</th><th></th><th>Fourth month of fiscal year</th><th></th></tr><tr><th></th><th>1992</th><th>1993</th><th>1993</th><th>1994</th><th>1993 (October 1992)</th><th>1994 (October 1993)</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>Pure</td><td>51,436</td><td>49,891</td><td>2,346</td><td>4,610</td><td>3,761</td><td>1,931</td></tr><tr><td>Jewelry</td><td>220,339</td><td>234,614</td><td>66,031</td><td>45,920</td><td>15,998</td><td>13,268</td></tr><tr><td>Levage</td><td>90,799</td><td>95,744</td><td>28,707</td><td>18,105</td><td>7,045</td><td>3,478</td></tr><tr><td>Toilet preparations</td><td>112,892</td><td>113,667</td><td>35,370</td><td>24,534</td><td>8,439</td><td>8,206</td></tr><tr><td>Total retailers' excise taxes</td><td>475,466</td><td>495,917</td><td>139,254</td><td>93,170</td><td>35,204</td><td>28,906</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>29,422</td><td>13,042</td><td>8,012</td><td>179</td></tr><tr><td>Telephone, telegraph, radio, and cable facilities</td><td>395,434</td><td>417,568</td><td>159,099</td><td>103,712</td><td>53,914</td><td>3,706</td></tr><tr><td>Local telephone service</td><td>310,337</td><td>357,981</td><td>122,811</td><td>88,698</td><td>37,255</td><td>2,327</td></tr><tr><td>Transportation of oil by pipe line</td><td>26,881</td><td>28,378</td><td>12,264</td><td>5,671</td><td>2,112</td><td>2,279</td></tr><tr><td>Transportation of persons, etc.</td><td>275,174</td><td>287,405</td><td>108,133</td><td>55,669</td><td>29,376</td><td>2,702</td></tr><tr><td>Transportation of property</td><td>368,589</td><td>419,518</td><td>135,966</td><td>92,756</td><td>39,216</td><td>24,135</td></tr><tr><td>Lease of safe-deposit boxes</td><td>10,211</td><td>10,816</td><td>4,336</td><td>2,668</td><td>1,177</td><td>1,599</td></tr><tr><td>Admission to theatres, concerts, etc.</td><td>330,817</td><td>312,831</td><td>121,662</td><td>80,814</td><td>32,210</td><td>32,437</td></tr><tr><td>Admission to cemeteries, roof gardens, etc.</td><td>45,469</td><td>46,691</td><td>16,099</td><td>10,376</td><td>4,022</td><td>3,441</td></tr><tr><td>Club dues and initiation fees</td><td>33,592</td><td>36,829</td><td>11,732</td><td>8,975</td><td>2,356</td><td>3,874</td></tr><tr><td>Bowling alleys, pool tables, etc.</td><td>3,597</td><td>3,411</td><td>2,776</td><td>2,562</td><td>236</td><td>235</td></tr><tr><td>Coin operated devices</td><td>18,823</td><td>16,505</td><td>13,900</td><td>12,302</td><td>559</td><td>359</td></tr><tr><td>Adulterated and process or renovated butter, and filled cheeses</td><td>4</td><td>6</td><td>1</td><td>2</td><td>*</td><td>*</td></tr><tr><td>Narcotics, incharms, narcotics and special taxes</td><td>915</td><td>929</td><td>315</td><td>345</td><td>43</td><td>62</td></tr><tr><td>Coconut and other vegetable oils processed</td><td>15,205</td><td>17,957</td><td>6,548</td><td>5,045</td><td>2,377</td><td>2,138</td></tr><tr><td>National Firearms Act</td><td>29</td><td>7</td><td>5</td><td>5</td><td>*</td><td>*</td></tr><tr><td>Diesel oil 1/2</td><td>7,138</td><td>15,091</td><td>5,209</td><td>4,649</td><td>1,510</td><td>2,008</td></tr><tr><td>Wagering taxes 6/1</td><td>5,345</td><td>10,502</td><td>3,993</td><td>3,927</td><td>931</td><td>812</td></tr><tr><td>All other, including repealed taxes not shown separately</td><td>1,261</td><td>647</td><td>715</td><td>453</td><td>184</td><td>118</td></tr><tr><td>Total miscellaneous taxes</td><td>1,947,311</td><td>2,061,230</td><td>755,025</td><td>491,570</td><td>215,492</td><td>82,410</td></tr><tr><td>Total miscellaneous internal revenue</td><td>9,804,112</td><td>10,837,375</td><td>3,631,324</td><td>3,070,603</td><td>967,991</td><td>704,525</td></tr><tr><td>Total internal revenue collections</td><td>65,009,393</td><td>69,686,509</td><td>18,219,847</td><td>17,076,603</td><td>3,700,847</td><td>3,208,821</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>+685,502</td><td>+844,185</td><td>-537,599</td><td>+138,273</td><td>-550,741</td><td>-485,666</td></tr><tr><td>Total receipts from internal revenue (Daily Treasury Statement)</td><td>65,694,894</td><td>69,930,655</td><td>17,682,888</td><td>17,214,876</td><td>3,150,106</td><td>2,717,561</td></tr></table>
Source: Daily Treasury Statement for total receipts from internal revenues; reports by the Internal Revenue Service for collections by type of tax. Detail by type of tax is available only on a collection basis. Receipts on the Daily Treasury Statement are compiled from the generally accepted federal Government depositaries; they do not coincide with amounts reported by the Internal Revenue Service because of the leg in deposits of collections and because certain taxes are paid directly into the depositaries.
1/ Excludes collections for credit to certain trust accounts for island populations; these collections are corporation tax on Alaska Railroad (repealed by Public Law 356, approved June 10, 1952, for taxable years ending after that date).
2/ Includes excess profit taxes on Army and Navy contracts imposed by the Vinson Act as amended (34 U.S.C. 495), and income tax on business income from international operations, 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.
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.
2/ Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Miscellaneous taxes."
3/ Effective November 1, 1951, under Revenue Act of 1951.
4/ Applies to diesel oil used in highway vehicles; effective November 1, 1951, under Revenue Act of 1951.
* Less than $500.
December 1953
39
MONETARY STATISTICS
Table 1.- Money in Circulation
(In millions of dollars except as noted)
<table><tr><th>End of fiscal year or month</th><th>Total money in circulation 1/</th><th colspan="7">Paper money</th></tr><tr><th></th><th></th><th>Total paper money</th><th>Cold certificates 2/</th><th>Silver certificates</th><th>Treasury notes of 1930 3/</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes 4/</th><th>National bank notes 4/</th></tr><tr><td>1946</td><td>28,285</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>26,432</td><td>45</td><td>2,061</td><td>1</td><td>321</td><td>23,600</td><td>353</td><td>99</td></tr><tr><td>1949</td><td>27,493</td><td>26,034</td><td>43</td><td>2,061</td><td>1</td><td>319</td><td>23,209</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>29,026</td><td>27,348</td><td>38</td><td>2,088</td><td>1</td><td>318</td><td>24,605</td><td>221</td><td>77</td></tr><tr><td>1953</td><td>30,125</td><td>28,359</td><td>37</td><td>2,122</td><td>1</td><td>318</td><td>25,609</td><td>200</td><td>73</td></tr><tr><td>1952-December</td><td>30,433</td><td>28,683</td><td>37</td><td>2,105</td><td>1</td><td>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>28,470</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</td><td>30,275</td><td>28,483</td><td>36</td><td>2,100</td><td>1</td><td>316</td><td>25,762</td><td>195</td><td>72</td></tr><tr><td>October p</td><td>30,393</td><td>28,592</td><td>36</td><td>2,098</td><td>1</td><td>316</td><td>25,875</td><td>193</td><td>72</td></tr></table>
<table><tr><th>End of fiscal year or month</th><th>Total coin</th><th>Standard silver dollars</th><th>Subsidiary silver</th><th>Minor coin</th><th>Money in circulation per capita (in dollars) 5/</th></tr><tr><td>1946</td><td>1,300</td><td>140</td><td>843</td><td>317</td><td>199.76</td></tr><tr><td>1947</td><td>1,355</td><td>148</td><td>876</td><td>331</td><td>196.33</td></tr><tr><td>1948</td><td>1,421</td><td>156</td><td>919</td><td>346</td><td>190.31</td></tr><tr><td>1949</td><td>1,459</td><td>164</td><td>940</td><td>355</td><td>184.33</td></tr><tr><td>1950</td><td>1,496</td><td>170</td><td>965</td><td>361</td><td>179.03</td></tr><tr><td>1951</td><td>1,378</td><td>180</td><td>1,020</td><td>378</td><td>180.17</td></tr><tr><td>1952</td><td>1,678</td><td>191</td><td>1,093</td><td>393</td><td>184.90</td></tr><tr><td>1953</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>188.64</td></tr><tr><td>1952-December</td><td>1,750</td><td>199</td><td>1,141</td><td>410</td><td>192.07</td></tr><tr><td>1953-January</td><td>1,721</td><td>198</td><td>1,116</td><td>406</td><td>187.14</td></tr><tr><td>February</td><td>1,725</td><td>199</td><td>1,120</td><td>406</td><td>187.56</td></tr><tr><td>March</td><td>1,737</td><td>199</td><td>1,130</td><td>407</td><td>187.05</td></tr><tr><td>April</td><td>1,747</td><td>200</td><td>1,138</td><td>409</td><td>187.38</td></tr><tr><td>May</td><td>1,755</td><td>201</td><td>1,144</td><td>410</td><td>187.81</td></tr><tr><td>June</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>188.64</td></tr><tr><td>July</td><td>1,769</td><td>204</td><td>1,151</td><td>414</td><td>188.30</td></tr><tr><td>August</td><td>1,778</td><td>205</td><td>1,156</td><td>416</td><td>188.78</td></tr><tr><td>September</td><td>1,792</td><td>207</td><td>1,166</td><td>419</td><td>188.63</td></tr><tr><td>October p</td><td>1,801</td><td>207</td><td>1,173</td><td>420</td><td>189.07</td></tr></table>
Source: Circulation Statement of United States Money.
1/ Excludes money held by the Treasury, money held by or for the account of the Federal Reserve Banks and agents, and coin estimated to be held outside the continental limits of the United States. Includes paper currency held outside the continental limits of the United States.
2/ Gold certificates were withdrawn from circulation in 1933.
3/ Treasury notes of 1890 in circulation are being canceled and retired upon receipt by the Treasury.
4/ Federal Reserve Bank notes and national bank notes are covered by deposits of lawful money and are in process of retirement.
5/ Based on latest population estimates by the Bureau of the Census.
p Preliminary.
r Revised.
40
Treasury Bulletin
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
<table><tr><th>End of fiscal year or month</th><th>Gold ($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>14.8</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>13.2</td></tr><tr><td>1949</td><td>24,466.3</td><td>3,618.3</td><td>12.9</td></tr><tr><td>1950</td><td>24,230.7</td><td>3,671.5</td><td>13.2</td></tr><tr><td>1951</td><td>21,755.9</td><td>3,718.5</td><td>14.6</td></tr><tr><td>1952</td><td>23,346.5</td><td>3,768.5</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>3,808.6</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>3,818.3</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</td><td>22,128.4</td><td>3,804.7</td><td>14.7</td></tr><tr><td>October p</td><td>22,076.8</td><td>3,809.7</td><td>14.8</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>Gold assets</th><th colspan="4">Liabilities</th></tr><tr><th></th><th></th><th>Gold certificate 1/</th><th>Gold reserve against U. S. notes, etc. 2/</th><th>Exchange Stabilization Fund 3/</th><th>Gold in general fund</th></tr><tr><td>1946</td><td>20,529.0</td><td>18,430.5</td><td>156.0</td><td>1,800.0</td><td>142.4</td></tr><tr><td>1947</td><td>22,753.9</td><td>21,544.0</td><td>156.0</td><td>-</td><td>1,053.9</td></tr><tr><td>1948</td><td>24,243.9</td><td>23,010.0</td><td>156.0</td><td>-</td><td>1,077.9</td></tr><tr><td>1949</td><td>24,427.1</td><td>23,217.9</td><td>156.0</td><td>-</td><td>1,053.2</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>21,317.0</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>21,392.7</td><td>156.0</td><td>-</td><td>988.0</td></tr><tr><td>June</td><td>22,462.8</td><td>21,322.9</td><td>156.0</td><td>-</td><td>983.9</td></tr><tr><td>July</td><td>22,277.3</td><td>21,121.8</td><td>156.0</td><td>-</td><td>999.4</td></tr><tr><td>August</td><td>22,178.4</td><td>21,029.1</td><td>156.0</td><td>-</td><td>993.3</td></tr><tr><td>September</td><td>22,128.4</td><td>20,969.7</td><td>156.0</td><td>-</td><td>1,082.7</td></tr><tr><td>October p</td><td>22,076.8</td><td>20,933.2</td><td>156.0</td><td>-</td><td>987.6</td></tr></table>
Source: Circulation Statement of U.S. Money; Daily Treasury Statement for Board of Governors, Federal Reserve System, and (b) the redemption 1/ Comprises (1) gold certificates held by the public and in Federal Reserve Fund - Federal Reserve notes 2/ Reserve against United States notes and Treasury notes of 1890. Banks; and (2) gold certificate credits in (s) the gold certificate fund - 3/ Excludes gold in active portion of Exchange Stabilization Fund. p Preliminary.
December 1955
41
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="3">Securing silver certificates 1/</th><th colspan="2">In general fund</th><th colspan="2">Silver outside Treasury</th><th>Total silver at $1.29+ per fine ounce</th></tr><tr><th></th><th>Silver bullion 2/</th><th>Silver dollars</th><th>Subsidiary coin 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>93.1</td><td>150.1</td><td>901.1</td><td>3,514.2</td></tr><tr><td>1947</td><td>1,937.6</td><td>337.2</td><td>13.1</td><td>-</td><td>91.1</td><td>156.3</td><td>928.7</td><td>3,547.9</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>973.5</td><td>3,590.7</td></tr><tr><td>1949</td><td>2,003.2</td><td>321.9</td><td>11.4</td><td>-</td><td>94.4</td><td>171.0</td><td>982.2</td><td>3,543.1</td></tr><tr><td>1950</td><td>2,040.7</td><td>312.8</td><td>3.6</td><td>-</td><td>95.1</td><td>179.8</td><td>1,022.2</td><td>3,597.1</td></tr><tr><td>1951</td><td>2,073.5</td><td>301.0</td><td>1.7</td><td>-</td><td>82.0</td><td>191.3</td><td>1,083.1</td><td>3,741.3</td></tr><tr><td>1952</td><td>2,109.7</td><td>289.3</td><td>3.9</td><td>.2</td><td>45.3</td><td>202.5</td><td>1,158.1</td><td>3,794.1</td></tr><tr><td>1953-January</td><td>2,113.3</td><td>289.1</td><td>8.9</td><td>*</td><td>41.9</td><td>202.6</td><td>1,158.6</td><td>3,797.7</td></tr><tr><td>February</td><td>2,116.3</td><td>288.9</td><td>10.0</td><td>-</td><td>41.3</td><td>202.8</td><td>1,158.8</td><td>3,802.0</td></tr><tr><td>March</td><td>2,118.3</td><td>288.7</td><td>12.6</td><td>-</td><td>39.1</td><td>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>1,172.5</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</td><td>2,132.7</td><td>281.6</td><td>11.4</td><td>-</td><td>32.0</td><td>209.9</td><td>1,195.2</td><td>3,824.7</td></tr><tr><td>October p.</td><td>2,135.3</td><td>281.1</td><td>9.8</td><td>*</td><td>31.4</td><td>210.4</td><td>1,200.8</td><td>3,829.7</td></tr></table>
Source: Circulation Statement of U. S. Money; Daily Treasury Statement for certain preliminary figures.
1/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government (for amount, see Daily Treasury Statement for last day of month). Does not include silver land-leased to foreign governments (these transactions all took place during the fiscal years 1942 through 1946,
3/ See 1946 Annual Report of the Secretary of the Treasury for amounts.
4/ Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion is held for recouping of subsidiary silver coins or for recoupage of standard silver dollars.
p Preliminary.
* Less than $50 thousand.
Table 5.- 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>Rawly mined silver (Proc. Dec. 21, 1933)</th><th>Newly mined silver (Acts July 6, 1939, and July 31, 1946)</th><th>Silver Pur- chase Act of June 19, 1934</th><th>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 g/</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>457.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.4</td><td>4.2</td><td>250.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.4</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>818.9</td><td>1,048.2</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>880.6</td><td>967.3</td></tr><tr><td>1943</td><td>299.6</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>880.7</td><td>717.3</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>938.1</td><td>333.2</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>1,069.6</td><td>161.2</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>1,077.6</td><td>146.8</td></tr><tr><td>1947</td><td>580.5</td><td>48.7</td><td>87.6</td><td>74.2</td><td>832.1</td><td>34.7</td><td>1,087.8</td><td>129.9</td></tr><tr><td>1948</td><td>559.2</td><td>48.7</td><td>87.6</td><td>84.6</td><td>832.6</td><td>34.7</td><td>1,098.1</td><td>127.2</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>1,109.3</td><td>111.7</td></tr><tr><td>1950</td><td>596.6</td><td>48.7</td><td>87.6</td><td>104.7</td><td>833.6</td><td>34.7</td><td>1,119.2</td><td>81.9</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>1,130.0</td><td>57.2</td></tr><tr><td>1952</td><td>694.2</td><td>48.7</td><td>87.6</td><td>125.4</td><td>833.6</td><td>34.7</td><td></td><td></td></tr><tr><td>1953-January</td><td>696.5</td><td>48.7</td><td>87.6</td><td>126.7</td><td>833.6</td><td>34.7</td><td>1,131.3</td><td>56.5</td></tr><tr><td>February</td><td>697.1</td><td>48.7</td><td>87.6</td><td>127.4</td><td>833.6</td><td>34.7</td><td>1,132.0</td><td>57.6</td></tr><tr><td>March</td><td>700.6</td><td>48.7</td><td>87.6</td><td>128.0</td><td>833.6</td><td>34.7</td><td>1,132.6</td><td>55.5</td></tr><tr><td>April</td><td>707.6</td><td>48.7</td><td>87.6</td><td>128.8</td><td>833.6</td><td>34.7</td><td>1,133.4</td><td>53.9</td></tr><tr><td>May</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>June</td><td>716.8</td><td>48.7</td><td>87.6</td><td>130.4</td><td>833.6</td><td>34.7</td><td>1,135.0</td><td>46.4</td></tr><tr><td>July</td><td>719.7</td><td>48.7</td><td>87.6</td><td>130.9</td><td>833.6</td><td>34.7</td><td>1,135.5</td><td>46.9</td></tr><tr><td>August</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>September</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>October</td><td>732.4</td><td>48.7</td><td>87.6</td><td>133.1</td><td>833.6</td><td>34.7</td><td>1,137.7</td><td>39.1</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.
The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes.
42
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 least 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 I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th>Net capital movement</th><th colspan="4">Analysis of net capital movement in:</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>1955-41</td><td>5,354,071</td><td>3,770,922</td><td>100,870</td><td>666,731</td><td>855,543</td></tr><tr><td>1942</td><td>666,121</td><td>583,373</td><td>3,513</td><td>46,299</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>27,761</td><td>77,696</td></tr><tr><td>1944</td><td>461,354</td><td>148,594</td><td>8,529</td><td>210,735</td><td>93,496</td></tr><tr><td>1945</td><td>1,074,375</td><td>1,216,303</td><td>17,794</td><td>-113,105</td><td>-46,617</td></tr><tr><td>1946</td><td>-793,324</td><td>-733,909</td><td>9,661</td><td>-134,203</td><td>269,127</td></tr><tr><td>1947</td><td>334,163</td><td>395,584</td><td>-11,318</td><td>-89,055</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>90,845</td><td>610</td><td>75,203</td><td>27,800</td></tr><tr><td>1950</td><td>1,757,618</td><td>950,583 1/2</td><td>7,992</td><td>944,430</td><td>-145,387</td></tr><tr><td>1951</td><td>-380,472</td><td>586,948</td><td>-6,141</td><td>-584,289</td><td>-376,989</td></tr><tr><td>1952</td><td>1,258,841</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>-4,845</td><td>1,447</td><td>-37,972</td></tr><tr><td>March</td><td>179,636</td><td>197,031</td><td>-1,691</td><td>7,723</td><td>-23,427</td></tr><tr><td>April</td><td>258,306</td><td>286,804</td><td>-1,236</td><td>690</td><td>-27,952</td></tr><tr><td>May</td><td>184,662</td><td>110,931</td><td>-235</td><td>6,175</td><td>67,191</td></tr><tr><td>June</td><td>70,798</td><td>-986</td><td>-578</td><td>20,044</td><td>28,314</td></tr><tr><td>July</td><td>74,855</td><td>112,998</td><td>1,774</td><td>-37,764</td><td>-2,153</td></tr><tr><td>August, p.</td><td>202,620</td><td>202,991</td><td>-3,457</td><td>559</td><td>11,005</td></tr><tr><td>September p.</td><td>186,987</td><td>218,986</td><td>237</td><td>-46,241</td><td>11,005</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary. r Revised.
December 1955
43
CAPITAL MOVEMENTS
Section I - Summary by Periods Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of period in thousands of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="3">Short-term claims on foreigners</th><th colspan="3">Short-term liabilities to foreigners</th><th>Net short-term liabilities</th></tr><tr><th></th><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><th></th></tr><tr><th></th><th></th><th></th><th>Loans to foreign banks</th><th>Other</th><th>Deposits of foreigners</th><th>Other</th><th></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>3,523,328</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>5,378,903</td><td>4,134,412</td><td>17,911</td><td>5,116,978</td></tr><tr><td>1944</td><td>329,694</td><td>54,603</td><td>105,421</td><td>169,670</td><td>5,296,775</td><td>4,356,501</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>6,383,068</td><td>4,946,624</td><td>25,546</td><td>6,490,302</td></tr><tr><td>1946</td><td>708,253</td><td>98,119</td><td>319,639</td><td>290,495</td><td>6,480,262</td><td>4,693,911</td><td>40,669</td><td>5,776,009</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>49,656</td><td>6,167,483</td></tr><tr><td>1948</td><td>1,018,700</td><td>100,371</td><td>361,197</td><td>557,132</td><td>7,737,960</td><td>5,809,820</td><td>70,389</td><td>6,699,260</td></tr><tr><td>1949</td><td>827,854</td><td>110,804</td><td>222,719</td><td>494,331</td><td>7,617,999</td><td>5,073,586</td><td>51,039</td><td>6,790,105</td></tr><tr><td>1950</td><td>897,966</td><td>240,583</td><td>151,115</td><td>506,268</td><td>8,644,775 1/</td><td>5,503,872 1/</td><td>44,911</td><td>7,746,809 1/</td></tr><tr><td>1951</td><td>968,443</td><td>91,808</td><td>177,246</td><td>699,389</td><td>9,302,200</td><td>5,382,062</td><td>78,226</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>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>5,733,107</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>52,734</td><td>9,366,168</td></tr><tr><td>March</td><td>1,040,605</td><td>77,372</td><td>148,153</td><td>815,080</td><td>10,603,804</td><td>5,750,151</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>44,720</td><td>9,890,003</td></tr><tr><td>May</td><td>976,818</td><td>76,510</td><td>110,717</td><td>789,591</td><td>10,937,758</td><td>5,841,139</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>5,894,580</td><td>52,839</td><td>9,959,952</td></tr><tr><td>July</td><td>920,505</td><td>71,691</td><td>98,219</td><td>750,595</td><td>10,993,455</td><td>5,808,869</td><td>47,005</td><td>10,072,950</td></tr><tr><td>August p...</td><td>908,307</td><td>69,788</td><td>96,899</td><td>742,130</td><td>11,158,748</td><td>5,889,375</td><td>44,789</td><td>10,279,941</td></tr><tr><td>September p...</td><td>900,556</td><td>77,939</td><td>104,285</td><td>718,332</td><td>11,395,483</td><td>5,921,040</td><td>42,901</td><td>10,494,967</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>Calendar year or month</th><th colspan="3">Short-term claims</th><th colspan="3">Short-term liabilities</th><th>Net movement of short-term banking funds</th></tr><tr><th></th><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 Deposits of foreigners</th><th>Other</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>422,711</td><td>3,034,615</td><td>2,806,001</td><td>266,156</td><td>-37,542</td><td>3,770,982</td></tr><tr><td>1942</td><td>97,503</td><td>15,933</td><td>20,671</td><td>60,899</td><td>1,185,870</td><td>109,507</td><td>389,365</td><td>-5,102</td><td>583,373</td></tr><tr><td>1943</td><td>-11,256</td><td>-3,473</td><td>-14,330</td><td>6,945</td><td>1,179,314</td><td>680,384</td><td>554,312</td><td>4,013</td><td>1,168,058</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>280,576</td><td>-3,947</td><td>3,730</td><td>168,594</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>692,265</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>-418,422</td><td>-268,894</td><td>-164,651</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>115,338</td><td>511,788</td><td>9,035</td><td>395,524</td></tr><tr><td>1948</td><td>-69,704</td><td>65,068</td><td>-68,331</td><td>-66,501</td><td>601,541</td><td>400,372</td><td>180,241</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>55,583</td><td>-19,350</td><td>90,883</td></tr><tr><td>1950</td><td>-76,233</td><td>-129,779</td><td>65,483</td><td>-11,937</td><td>1,066,816 1/</td><td>430,836 1/</td><td>632,638 1/</td><td>-6,128</td><td>950,583 1/</td></tr><tr><td>1951</td><td>-70,477</td><td>148,775</td><td>-26,131</td><td>-193,121</td><td>657,425</td><td>-121,810</td><td>751,920</td><td>27,315</td><td>586,948</td></tr><tr><td>1952</td><td>-80,279</td><td>13,444</td><td>94,380</td><td>-148,103</td><td>1,243,892</td><td>449,833</td><td>804,874</td><td>40,955</td><td>1,163,973</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>-100,768</td><td>64,492</td><td>-8,751</td><td>-32,331</td></tr><tr><td>February</td><td>1,896</td><td>13,664</td><td>17,592</td><td>17,592</td><td>-100,727</td><td>-93,149</td><td>-1,692</td><td>-1,124</td><td>-191,111</td></tr><tr><td>March</td><td>-6,495</td><td>-8,164</td><td>-13,442</td><td>15,111</td><td>203,926</td><td>112,193</td><td>100,293</td><td>-8,960</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>217,553</td><td>946</td><td>286,804</td></tr><tr><td>May</td><td>53,097</td><td>-6,016</td><td>23,895</td><td>35,818</td><td>57,838</td><td>33,373</td><td>18,044</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>-45,281</td><td>1,702</td><td>-982</td></tr><tr><td>July</td><td>27,157</td><td>6,170</td><td>11,539</td><td>9,448</td><td>85,841</td><td>34,289</td><td>57,336</td><td>-5,834</td><td>112,998</td></tr><tr><td>August p.</td><td>11,698</td><td>1,963r</td><td>1,320</td><td>8,415r</td><td>191,893r</td><td>-59,494r</td><td>253,003r</td><td>-2,216r</td><td>202,991 r</td></tr><tr><td>September p.</td><td>8,251</td><td>-8,211</td><td>-7,386</td><td>23,848</td><td>210,735</td><td>91,665</td><td>120,958</td><td>-1,888</td><td>218,986</td></tr></table>
1/ See Table 2, footnote 1.
Preliminary. Revised.
44
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>9,322,066</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>214,002</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>170,555</td><td>70,744</td><td>392,938</td><td>365,171</td><td>27,767</td></tr><tr><td>1944</td><td>136,953</td><td>171,432</td><td>-34,579</td><td>533,558</td><td>268,244</td><td>265,314</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>357,649</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>514,099</td><td>-144,363</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>354,955</td><td>375,303</td><td>-21,348</td><td>430,013</td><td>333,592</td><td>96,421</td><td>784,968</td><td>706,895</td><td>78,073</td></tr><tr><td>1950</td><td>666,941</td><td>664,016</td><td>2,925</td><td>1,344,111</td><td>402,606</td><td>941,505</td><td>2,011,052</td><td>1,006,682</td><td>944,370</td></tr><tr><td>1951</td><td>739,789</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>954</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>12,078</td><td>93,848</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>57,319</td><td>45,452</td><td>12,467</td><td>45,847</td><td>56,867</td><td>-11,020</td><td>103,766</td><td>120,319</td><td>11,447</td></tr><tr><td>March</td><td>69,355</td><td>67,274</td><td>2,081</td><td>42,746</td><td>37,104</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>60,861</td><td>-5,711</td><td>29,060</td><td>22,659</td><td>6,401</td><td>84,210</td><td>83,520</td><td>690</td></tr><tr><td>May</td><td>42,508</td><td>49,436</td><td>-6,928</td><td>164,664</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>55,950</td><td>93,818</td><td>73,794</td><td>20,024</td></tr><tr><td>July</td><td>36,578</td><td>32,308</td><td>4,250</td><td>56,189</td><td>98,203</td><td>-42,014</td><td>92,767</td><td>130,531</td><td>-37,764</td></tr><tr><td>August p.</td><td>41,582</td><td>37,722</td><td>3,860</td><td>37,133</td><td>40,334</td><td>-3,151</td><td>78,725</td><td>78,056</td><td>669</td></tr><tr><td>September p.</td><td>40,413</td><td>30,759</td><td>9,654</td><td>73,874</td><td>129,769</td><td>-55,895</td><td>114,287</td><td>160,528</td><td>-46,241</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.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>4,008,188</td><td>3,152,640</td><td>855,548</td></tr><tr><td>1942</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>220,533</td><td>227,997</td><td>-7,364</td></tr><tr><td>1943</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>469,645</td><td>391,949</td><td>77,696</td></tr><tr><td>1944</td><td>26,601</td><td>22,078</td><td>4,523</td><td>314,262</td><td>225,289</td><td>88,973</td><td>340,863</td><td>247,367</td><td>93,496</td></tr><tr><td>1945</td><td>37,328</td><td>54,789</td><td>-17,461</td><td>318,113</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>556,056</td><td>265,127</td></tr><tr><td>1947</td><td>57,118</td><td>42,598</td><td>14,560</td><td>658,741</td><td>634,289</td><td>24,452</td><td>715,859</td><td>676,887</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>-79,003</td><td>293,336</td><td>388,168</td><td>-94,832</td></tr><tr><td>1949</td><td>83,818</td><td>70,288</td><td>13,530</td><td>321,243</td><td>311,470</td><td>9,773</td><td>410,058</td><td>382,758</td><td>27,300</td></tr><tr><td>1950</td><td>173,788</td><td>198,169</td><td>-24,381</td><td>589,232</td><td>770,239</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>500,449</td><td>801,023</td><td>-300,574</td><td>772,700</td><td>1,149,689</td><td>-376,989</td></tr><tr><td>1952</td><td>292,070</td><td>329,622</td><td>-35,752</td><td>499,258</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>24,793</td><td>1</td><td>29,394</td><td>57,905</td><td>-30,411</td><td>54,433</td><td>82,698</td><td>-28,265</td></tr><tr><td>March</td><td>27,548</td><td>37,634</td><td>-10,086</td><td>29,293</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>21,088</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>16,956</td><td>41,796</td><td>-24,940</td><td>111,697</td><td>18,966</td><td>92,731</td><td>128,553</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>21,173</td><td>1,962</td><td>46,212</td><td>50,327</td><td>-4,115</td><td>69,347</td><td>71,500</td><td>-2,153</td></tr><tr><td>August p.</td><td>18,582</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><tr><td>September p.</td><td>23,942</td><td>16,272</td><td>7,670</td><td>23,187</td><td>16,892</td><td>6,335</td><td>47,129</td><td>33,124</td><td>14,005</td></tr></table>
n.e. Not available. p Preliminary.
December 1955
45
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Country</th><th colspan="5">Net capital movement 1953</th><th colspan="5">Short-term banking funds 1953</th></tr><tr><th></th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September p</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>6,956</td><td>3,640</td><td>11,032</td><td>14,374</td><td>16,793</td><td>5,948</td><td>3,627</td><td>11,057</td><td>14,354</td><td>16,011</td></tr><tr><td>Belgium</td><td>-3,076</td><td>1,455</td><td>4,099</td><td>6,080r</td><td>6,803</td><td>-3,075</td><td>1118</td><td>3,893</td><td>9,247r</td><td>5,363</td></tr><tr><td>Czechoslovakia</td><td>77</td><td>5</td><td>77</td><td>-137</td><td>783</td><td>80</td><td>6</td><td>77</td><td>-116</td><td>789</td></tr><tr><td>Denmark</td><td>2,165</td><td>2,458</td><td>2,202</td><td>5,683</td><td>2,780</td><td>1,407</td><td>1,909</td><td>536</td><td>4,508</td><td>2,596</td></tr><tr><td>Finland</td><td>4,049</td><td>3,704</td><td>1,735</td><td>-2,763</td><td>-924</td><td>4,047</td><td>3,703</td><td>1,728</td><td>-2,768</td><td>-921</td></tr><tr><td>France</td><td>22,088</td><td>50,886</td><td>-18,748</td><td>29,940r</td><td>16,427</td><td>21,028</td><td>48,497</td><td>29,517</td><td>29,412r</td><td>13,198</td></tr><tr><td>Germany</td><td>18,074</td><td>36,996</td><td>60,525</td><td>30,726</td><td>17,190</td><td>18,047</td><td>37,243</td><td>60,512</td><td>30,497</td><td>17,034</td></tr><tr><td>Greece</td><td>4,751</td><td>4,139</td><td>-1,103</td><td>3,754</td><td>1,418</td><td>4,752</td><td>4,162</td><td>-1,171</td><td>3,735</td><td>4,099</td></tr><tr><td>Italy</td><td>2,127</td><td>49</td><td>26,213</td><td>18,213</td><td>10,696</td><td>2,479</td><td>-82</td><td>25,030</td><td>17,064</td><td>11,701</td></tr><tr><td>Netherlands</td><td>12,141</td><td>22,078</td><td>45,572</td><td>11,775</td><td>-14,682</td><td>13,795</td><td>24,092</td><td>41,171</td><td>15,097</td><td>-13,859</td></tr><tr><td>Norway</td><td>2,810</td><td>-9,995</td><td>691</td><td>1,992</td><td>3,628</td><td>2,519</td><td>-9,980</td><td>451</td><td>2,018</td><td>3,072</td></tr><tr><td>Poland</td><td>173</td><td>-276</td><td>465</td><td>421</td><td>479</td><td>173</td><td>-279</td><td>461</td><td>439</td><td>480</td></tr><tr><td>Portugal</td><td>2,694</td><td>-483</td><td>5,767</td><td>6,576</td><td>-2,939</td><td>2,568</td><td>-597</td><td>5,737</td><td>7,413</td><td>-3,606</td></tr><tr><td>Romania</td><td>-90</td><td>88</td><td>5</td><td>4</td><td>-3</td><td>-42</td><td>28</td><td>13</td><td>-6</td><td>-3</td></tr><tr><td>Spain</td><td>5,270</td><td>-3,613</td><td>-6,901</td><td>-3,679</td><td>-2,501</td><td>5,296</td><td>-3,594</td><td>-6,838</td><td>-3,730</td><td>-2,506</td></tr><tr><td>Sweden</td><td>744</td><td>-1,125</td><td>1,034</td><td>6,833</td><td>9,257</td><td>98</td><td>-1,388</td><td>1,157</td><td>7,140</td><td>8,798</td></tr><tr><td>Switzerland</td><td>-27,280</td><td>27,568</td><td>18,943</td><td>6,893r</td><td>20,438</td><td>-32,492</td><td>23,538</td><td>11,061</td><td>2,168r</td><td>5,871</td></tr><tr><td>U.S. S. R.</td><td>-251</td><td>875</td><td>4,310</td><td>1,528r</td><td>202</td><td>-251</td><td>875</td><td>4,310</td><td>1,515r</td><td>224</td></tr><tr><td>United Kingdom</td><td>56,416</td><td>36,891</td><td>-16,373</td><td>10,705r</td><td>5,456</td><td>58,859</td><td>9,716</td><td>-23,322</td><td>4,240r</td><td>3,259</td></tr><tr><td>Yugoslavia</td><td>-5</td><td>-3,096</td><td>2,003</td><td>2,220</td><td>4,220</td><td>1,378</td><td>-3,094</td><td>1,996</td><td>2,222</td><td>4,232</td></tr><tr><td>Other Europe</td><td>832</td><td>1,157</td><td>5,092</td><td>-649</td><td>746</td><td>1,378</td><td>1,363</td><td>4,936</td><td>-1,963</td><td>109</td></tr><tr><td>Total Europe</td><td>109,825</td><td>173,253</td><td>55,817</td><td>150,571r</td><td>88,818</td><td>107,394</td><td>140,423</td><td>89,068</td><td>143,286r</td><td>69,499</td></tr><tr><td>Canada</td><td>-62,687</td><td>-77,210</td><td>8,599</td><td>753r</td><td>-5,641</td><td>-130,371</td><td>-112,829</td><td>31,299</td><td>9,054r</td><td>36,820</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>-1,517</td><td>3,676</td><td>-2,983</td><td>-5,136</td><td>1,176</td><td>-1,722</td><td>3,695</td><td>-3,265</td><td>-5,033</td><td>862</td></tr><tr><td>Bolivia</td><td>7,034</td><td>-1,016</td><td>-2,224</td><td>8,626</td><td>-10,210</td><td>7,070</td><td>-1,103</td><td>-2,249</td><td>8,625</td><td>-10,167</td></tr><tr><td>Brazil</td><td>54,378</td><td>58,183</td><td>-41,363</td><td>48,730r</td><td>75,859</td><td>53,799</td><td>56,192</td><td>-42,199</td><td>48,376r</td><td>75,016</td></tr><tr><td>Chile</td><td>4,677</td><td>-3,475</td><td>984</td><td>-4,686</td><td>8,370</td><td>4,641</td><td>-3,514</td><td>899</td><td>-4,814</td><td>7,972</td></tr><tr><td>Colombia</td><td>-3,888</td><td>-7,990</td><td>12,136</td><td>-4,658</td><td>-12,728</td><td>-4,221</td><td>-8,280</td><td>12,058</td><td>-5,022</td><td>-12,833</td></tr><tr><td>Cuba</td><td>22,624</td><td>11,154</td><td>5,753</td><td>18,711r</td><td>-8,631</td><td>21,351</td><td>10,594</td><td>5,230</td><td>17,001r</td><td>-8,790</td></tr><tr><td>Dominican Republic</td><td>-200</td><td>-721</td><td>3,607</td><td>-1,194</td><td>-3,657</td><td>-183</td><td>-700</td><td>3,723</td><td>-1,300</td><td>-3,688</td></tr><tr><td>Gustemala</td><td>-384</td><td>-1,998</td><td>-2,022</td><td>-2,646</td><td>-6,416</td><td>-466</td><td>-2,053</td><td>-2,085</td><td>-2,622</td><td>-4,456</td></tr><tr><td>Mexico</td><td>-19,010</td><td>-19,109</td><td>3,752</td><td>-10,640r</td><td>20,300</td><td>-13,936</td><td>-19,437</td><td>3,121</td><td>-10,798</td><td>19,516</td></tr><tr><td>Netherlands West Indies</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>and Surinam</td><td>1,403</td><td>3,119</td><td>579</td><td>-366</td><td>-966</td><td>787</td><td>2,899</td><td>467</td><td>-358</td><td>-1,064</td></tr><tr><td>Peru</td><td>-3,118</td><td>337</td><td>-1,384</td><td>-243</td><td>-4,880</td><td>-2,556</td><td>291</td><td>-1,527</td><td>-555</td><td>-4,531</td></tr><tr><td>Republic of Panama</td><td>4,717</td><td>2,366</td><td>7,042</td><td>4,330</td><td>-8,787</td><td>5,303</td><td>1,361</td><td>6,454</td><td>4,568</td><td>-9,101</td></tr><tr><td>El Salvador</td><td>-1,786</td><td>-4,726</td><td>-1,896</td><td>-3,287</td><td>-6,621</td><td>-1,811</td><td>-4,775</td><td>-1,853</td><td>-3,312</td><td>-6,629</td></tr><tr><td>Uruguay</td><td>-1,339</td><td>255</td><td>3,093</td><td>-946</td><td>832</td><td>-1,007</td><td>-703</td><td>3,014</td><td>-1,578</td><td>-760</td></tr><tr><td>Venezuela</td><td>39,834</td><td>-29,012</td><td>9,379</td><td>-453</td><td>32,170</td><td>41,418</td><td>-29,637</td><td>9,204</td><td>-1,126</td><td>31,718</td></tr><tr><td>Other Latin America</td><td>3,411</td><td>1,435</td><td>-2,359</td><td>-4,613</td><td>-3,350</td><td>8,333</td><td>1,346</td><td>-2,723</td><td>-4,749</td><td>-3,943</td></tr><tr><td>Total Latin America</td><td>111,836</td><td>12,698</td><td>-7,074</td><td>41,629r</td><td>72,859</td><td>110,790</td><td>6,166</td><td>-11,651</td><td>37,317r</td><td>69,221</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>354</td><td>215</td><td>437</td><td>4,54r</td><td>-169</td><td>89</td><td>246</td><td>-538</td><td>-475</td><td>-205</td></tr><tr><td>Formosa</td><td>479</td><td>-798</td><td>659</td><td>2,505r</td><td>2,778</td><td>410</td><td>-837</td><td>718</td><td>2,462</td><td>2,282</td></tr><tr><td>Hong Kong</td><td>-2,109</td><td>-274</td><td>1,563</td><td>-137</td><td>-93</td><td>-2,178</td><td>-388</td><td>1,063</td><td>-282</td><td>294</td></tr><tr><td>India</td><td>7,692</td><td>-4,590</td><td>2,090</td><td>4,143</td><td>1,004</td><td>7,675</td><td>-4,576</td><td>2,094</td><td>4,141</td><td>-1,014</td></tr><tr><td>Indonesia</td><td>-5,568</td><td>-20,891</td><td>1,093</td><td>-6,398</td><td>2,013</td><td>-5,600</td><td>-20,865</td><td>1,076</td><td>-6,409</td><td>2,019</td></tr><tr><td>Iran</td><td>-3,321</td><td>475</td><td>2,036</td><td>1,945</td><td>8,972</td><td>-3,320</td><td>477</td><td>2,031</td><td>1,946</td><td>8,964</td></tr><tr><td>Israel</td><td>1,726</td><td>-1,225</td><td>-4,138</td><td>1,913r</td><td>-6,261</td><td>1,841</td><td>1,117</td><td>-658</td><td>3,369r</td><td>-4,688</td></tr><tr><td>Japan</td><td>-3,823</td><td>6,674</td><td>16,559</td><td>11,173</td><td>10,033</td><td>-3,971</td><td>6,959</td><td>16,306</td><td>10,947</td><td>9,447</td></tr><tr><td>Philippines</td><td>-1,330</td><td>-16,862</td><td>-3,551</td><td>7,534</td><td>-236</td><td>-1,291</td><td>-16,887</td><td>-3,392</td><td>7,550</td><td>-274</td></tr><tr><td>Thailand</td><td>-1,875</td><td>4,346</td><td>4,776</td><td>-3,721</td><td>2,485</td><td>-2,207</td><td>4,414</td><td>-4,742</td><td>-4,626</td><td>2,483</td></tr><tr><td>Turkey</td><td>5,853</td><td>-90</td><td>894</td><td>6,252</td><td>9,341</td><td>5,879</td><td>-116</td><td>877</td><td>6,290</td><td>9,329</td></tr><tr><td>Other Asia</td><td>-17,423</td><td>-2,165</td><td>6,575</td><td>-7,329</td><td>4,533</td><td>-17,603</td><td>-2,180</td><td>6,558</td><td>-7,475</td><td>4,031</td></tr><tr><td>Total Asia</td><td>-19,245</td><td>-35,544</td><td>18,567</td><td>17,403r</td><td>32,392</td><td>-17,276</td><td>-33,136</td><td>21,393</td><td>17,638r</td><td>32,667</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>9,031</td><td>1,159</td><td>6,360</td><td>449</td><td>124</td><td>9,027</td><td>799</td><td>-11,791</td><td>-754</td><td>-488</td></tr><tr><td>Belgian Congo</td><td>5,997</td><td>-4,131</td><td>-7,374</td><td>-5,730</td><td>4,548</td><td>6,014</td><td>-4,150</td><td>-7,361</td><td>-5,738</td><td>4,747</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>258</td><td>1,564</td><td>-11,047</td><td>1,445r</td><td>-627</td><td>181</td><td>1,903</td><td>-11,968</td><td>1,491r</td><td>-559</td></tr><tr><td>Union of South Africa</td><td>-2,728</td><td>-2,908</td><td>-79</td><td>1,870r</td><td>39</td><td>-2,675</td><td>4,036</td><td>-73</td><td>2,331r</td><td>-34</td></tr><tr><td>Other</td><td>5,208</td><td>3,565</td><td>2,019</td><td>-7,054r</td><td>6,721</td><td>5,407</td><td>3,619</td><td>1,678</td><td>-7,054r</td><td>5,606</td></tr><tr><td>Total other countries</td><td>17,766</td><td>1,649</td><td>-10,921</td><td>-9,020r</td><td>10,805</td><td>17,954</td><td>5,807</td><td>-29,515</td><td>-9,864r</td><td>9,002</td></tr><tr><td>International</td><td>27,167</td><td>-4,048</td><td>10,667</td><td>684</td><td>-12,246</td><td>22,440</td><td>-7,413</td><td>12,404</td><td>5,560</td><td>1,817</td></tr><tr><td>Grand total</td><td>184,662</td><td>70,798</td><td>74,855</td><td>202,020r</td><td>186,987</td><td>110,931</td><td>-982</td><td>112,998</td><td>202,991r</td><td>218,986</td></tr></table>
p Preliminary.
r Revised.
46
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="4">Movement in brokerage balances 1953</th><th colspan="4">Transactions in long-term securities, domestic and foreign 1953</th></tr><tr><th></th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September p</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>8</td><td>14</td><td>-16</td><td>25</td><td>-32</td><td>-696</td><td>-1</td><td>-9</td><td>-5</td><td>2k</td></tr><tr><td>Belgium</td><td>55</td><td>109</td><td>-84</td><td>-138</td><td>-205</td><td>-3</td><td>1,228</td><td>1,050</td><td>-3,009</td><td>-355</td></tr><tr><td>Czechoslovakia</td><td>-4</td><td>-2</td><td>-15h</td><td>-173</td><td>-7</td><td>831</td><td>527</td><td>1,512</td><td>1,348</td><td>188</td></tr><tr><td>Denmark</td><td>-73</td><td>22</td><td>-15h</td><td>-7</td><td>7</td><td>2</td><td>1</td><td>7</td><td>12</td><td>49</td></tr><tr><td>Finland</td><td>248</td><td>-506</td><td>773</td><td>-392</td><td>57</td><td>812</td><td>2,935</td><td>-49,038</td><td>988</td><td>2,649</td></tr><tr><td>France</td><td>-22</td><td>-251</td><td>15</td><td>282</td><td>56</td><td>49</td><td>4</td><td>-2</td><td>-53</td><td>40</td></tr><tr><td>Germany</td><td>-4</td><td>3</td><td>-9</td><td>67</td><td>7</td><td>-23</td><td>320</td><td>990</td><td>18</td><td>-968</td></tr><tr><td>Greece</td><td>328</td><td>-287</td><td>-433</td><td>-419</td><td>-358</td><td>-881</td><td>-1,573</td><td>-4,944</td><td>-2,363</td><td>-469</td></tr><tr><td>Italy</td><td>-773</td><td>-401</td><td>243</td><td>-40</td><td>-35</td><td>434</td><td>100</td><td>752</td><td>-6</td><td>591</td></tr><tr><td>Netherlands</td><td>-143</td><td>-115</td><td>190</td><td>2</td><td>-1</td><td>143</td><td>23</td><td>62</td><td>-740</td><td>580</td></tr><tr><td>Norway</td><td>-57</td><td>51</td><td>-32</td><td>-97</td><td>87</td><td>-50</td><td>25</td><td>2</td><td>24</td><td>2k</td></tr><tr><td>Poland</td><td>2</td><td>-44</td><td>28</td><td>27</td><td>-19</td><td>647</td><td>227</td><td>-65</td><td>-233</td><td>378</td></tr><tr><td>Portugal</td><td>15</td><td>36</td><td>-58</td><td>-74</td><td>81</td><td>4,670</td><td>7,503</td><td>4,336</td><td>7,442</td><td>14,802</td></tr><tr><td>Romania</td><td>-1</td><td>3,473</td><td>3,346</td><td>-2,717r</td><td>-235</td><td></td><td></td><td></td><td>-9</td><td>2,405</td></tr><tr><td>Spain</td><td>542</td><td>-1,990</td><td>7</td><td>879</td><td>-534</td><td>-1,673</td><td>27,174</td><td>8,939</td><td>5,586</td><td>209</td></tr><tr><td>Sweden</td><td>-770</td><td>-2</td><td>32</td><td>-189</td><td>428</td><td>-662</td><td>-786</td><td>87</td><td>1,503</td><td></td></tr><tr><td>Switzerland</td><td>116</td><td>-10</td><td>1,990</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. S. R.</td><td>-116</td><td>-10</td><td>32</td><td>-189</td><td>428</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>United Kingdom</td><td>-770</td><td>-2</td><td>32</td><td>-189</td><td>428</td><td>-1,673</td><td>27,174</td><td>8,939</td><td>5,586</td><td>2,405</td></tr><tr><td>Yugoslavia</td><td>116</td><td>-10</td><td>32</td><td>-189</td><td>428</td><td>-662</td><td>-786</td><td>87</td><td>1,503</td><td>209</td></tr><tr><td>Other Europe</td><td>-528</td><td>-4,859</td><td>2,585</td><td>-2,931r</td><td>-834</td><td>2,959</td><td>37,689</td><td>-35,836</td><td>10,216</td><td>20,153</td></tr><tr><td>Total Europe</td><td>830</td><td>6,723</td><td>-1,667</td><td>-522</td><td>-53</td><td>66,894</td><td>28,896</td><td>-21,033</td><td>-7,779</td><td>-42,408</td></tr><tr><td>Canada</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>-88</td><td>-81</td><td>148</td><td>-210</td><td>-116</td><td>283</td><td>72</td><td>134</td><td>107</td><td>430</td></tr><tr><td>Bolivia</td><td>-1</td><td>11</td><td>58</td><td>-13</td><td>-38</td><td>-35</td><td>76</td><td>-33</td><td>2k</td><td>-5</td></tr><tr><td>Brazil</td><td>24</td><td>113</td><td>147</td><td>41</td><td>237</td><td>555</td><td>1,878</td><td>689</td><td>395</td><td>606</td></tr><tr><td>Chile</td><td>-145</td><td>-138</td><td>106</td><td>38</td><td>2</td><td>181</td><td>177</td><td>-21</td><td>150</td><td>397</td></tr><tr><td>Colombia</td><td>285</td><td>114</td><td>32</td><td>40</td><td>85</td><td>48</td><td>176</td><td>46</td><td>324</td><td>20</td></tr><tr><td>Cuba</td><td>562</td><td>-258</td><td>-96</td><td>791</td><td>-371</td><td>711</td><td>818</td><td>619</td><td>919</td><td>530</td></tr><tr><td>Dominican Republic</td><td>112</td><td>-27</td><td>-14</td><td>1</td><td>-32</td><td>-129</td><td>6</td><td>-102</td><td>105</td><td>63</td></tr><tr><td>Guatemala</td><td>-31</td><td>-43</td><td>37</td><td>-85</td><td>-25</td><td>113</td><td>98</td><td>26</td><td>61</td><td>-1,937</td></tr><tr><td>Mexico</td><td>160</td><td>-297</td><td>225</td><td>92r</td><td>-176</td><td>-234</td><td>545</td><td>406</td><td>52</td><td>960</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>-31</td><td>26</td><td>20</td><td>-1</td><td>-44</td><td>647</td><td>194</td><td>92</td><td>33</td><td>142</td></tr><tr><td>Paraguay</td><td>-376</td><td>-67</td><td>-223</td><td>145</td><td>26</td><td>-186</td><td>113</td><td>366</td><td>167</td><td>25</td></tr><tr><td>Republic of Panama</td><td>-84</td><td>10</td><td>299</td><td>-930</td><td>253</td><td>-502</td><td>925</td><td>289</td><td>692</td><td>61</td></tr><tr><td>El Salvador</td><td>-2</td><td>1</td><td>17</td><td>1</td><td>27</td><td>21</td><td>49</td><td>4</td><td>21</td><td>9</td></tr><tr><td>Uruguay</td><td>-20</td><td>-1,057</td><td>-258</td><td>103</td><td>1,386</td><td>-312</td><td>2,315</td><td>52</td><td>529</td><td>206</td></tr><tr><td>Venezuela</td><td>-1,592</td><td>-14</td><td>-323</td><td>141</td><td>-93</td><td>8</td><td>639</td><td>353</td><td>182</td><td>580</td></tr><tr><td>Other Latin America</td><td>627</td><td>55</td><td>-323</td><td>141</td><td>-93</td><td>471</td><td>34</td><td>677</td><td>-5</td><td>586</td></tr><tr><td>Total Latin America</td><td>-600</td><td>-1,653</td><td>176</td><td>566r</td><td>965</td><td>1,646</td><td>8,185</td><td>3,601</td><td>3,746</td><td>2,673</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>16</td><td>-53</td><td>78</td><td>-68r</td><td>21</td><td>249</td><td>22</td><td>23</td><td>89</td><td>15</td></tr><tr><td>Formosa</td><td>16</td><td>79</td><td>-31</td><td>-3r</td><td>-36</td><td>53</td><td>-40</td><td>-28</td><td>46</td><td>532</td></tr><tr><td>Hong Kong</td><td>-287</td><td>-120</td><td>145</td><td>-31</td><td>-304</td><td>356</td><td>234</td><td>355</td><td>176</td><td>-83</td></tr><tr><td>India</td><td>2</td><td>-27</td><td>-5</td><td>-2</td><td>-4</td><td>15</td><td>13</td><td>1</td><td>4</td><td>14</td></tr><tr><td>Indonesia</td><td>-2</td><td>-3</td><td>1</td><td>1</td><td>-20</td><td>34</td><td>-23</td><td>16</td><td>10</td><td>14</td></tr><tr><td>Iran</td><td>-3</td><td>-2</td><td>2</td><td>-2</td><td>2</td><td>2</td><td>-</td><td>3</td><td>1</td><td>6</td></tr><tr><td>Israel</td><td>-7</td><td>3</td><td>-4</td><td>1</td><td>1</td><td>-3,108</td><td>-2,715</td><td>-3,476</td><td>-1,457</td><td>-1,574</td></tr><tr><td>Japan</td><td>-20</td><td>-8</td><td>1</td><td>26</td><td>-105</td><td>168</td><td>223</td><td>252</td><td>200</td><td>732</td></tr><tr><td>Philippines</td><td>51</td><td>-10</td><td>-125</td><td>-5</td><td>78</td><td>10</td><td>46</td><td>-34</td><td>-11</td><td>-40</td></tr><tr><td>Thailand</td><td>10</td><td>-5</td><td>-9</td><td>-14</td><td>1</td><td>322</td><td>-63</td><td>-25</td><td>719</td><td>1</td></tr><tr><td>Turkey</td><td>-29</td><td>10</td><td>15</td><td>-10</td><td>5</td><td>3</td><td>16</td><td>2</td><td>-28</td><td>7</td></tr><tr><td>Other Asia</td><td>142</td><td>-214</td><td>10</td><td>-265</td><td>374</td><td>38</td><td>229</td><td>7</td><td>388</td><td>128</td></tr><tr><td>Total Asia</td><td>-111</td><td>-350</td><td>78</td><td>-372</td><td>13</td><td>-1,858</td><td>-2,058</td><td>-2,904</td><td>137</td><td>-248</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</td><td>9</td><td>3</td><td>14</td><td>-10</td><td>11</td><td>351</td><td>18,148</td><td>1,189</td><td>632</td></tr><tr><td>Belgian Congo</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><td>-</td></tr><tr><td>Egypt and Anglo-</td><td>58</td><td>5</td><td>2</td><td>10</td><td>-70</td><td>19</td><td>56</td><td>119</td><td>-16</td><td>2</td></tr><tr><td>Egyptian Sudan</td><td>-52</td><td>-135</td><td>338</td><td>-399</td><td>181</td><td>-1</td><td>-4,409</td><td>-34k</td><td>38</td><td>89</td></tr><tr><td>Union of South Africa</td><td>176</td><td>-320</td><td>260</td><td>176</td><td>181</td><td>-372</td><td>266</td><td>81</td><td>-176</td><td>934</td></tr><tr><td>Other</td><td>174</td><td>-439</td><td>602</td><td>-198</td><td>146</td><td>-362</td><td>-3,719</td><td>17,992</td><td>1,042</td><td>1,657</td></tr><tr><td>Total other countries</td><td></td><td></td><td></td><td></td><td></td><td>4,727</td><td>3,359</td><td>-1,737</td><td>-4,876</td><td>-14,063</td></tr><tr><td>International</td><td>-235</td><td>-578</td><td>1,774</td><td>-3,457r</td><td>237</td><td>73,966</td><td>72,358</td><td>-39,917</td><td>2,486</td><td>-32,236</td></tr><tr><td>Grand total</td><td>-235</td><td>-578</td><td>1,774</td><td>-3,457r</td><td>237</td><td>73,966</td><td>72,358</td><td>-39,917</td><td>2,486</td><td>-32,236</td></tr></table>
Preliminary. Revised.
December 1955
47
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>May</th><th>June</th><th>July</th><th>August p</th><th>September p</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>131</td><td>149</td><td>236</td><td>372</td><td>327</td><td>115,089</td><td>118,734</td><td>129,878</td><td>144,368</td><td>161,124</td></tr><tr><td>Belgium</td><td>12,365</td><td>11,557</td><td>12,192</td><td>10,288</td><td>11,146</td><td>129,094</td><td>128,364</td><td>132,892</td><td>140,229</td><td>146,456</td></tr><tr><td>Czechoslovakia</td><td>5</td><td>10</td><td>3</td><td>13</td><td>13</td><td>685</td><td>656</td><td>729</td><td>530</td><td>1,375</td></tr><tr><td>Denmark</td><td>1,948</td><td>1,303</td><td>2,340</td><td>3,518</td><td>4,287</td><td>69,383</td><td>71,047</td><td>78,620</td><td>78,306</td><td>81,667</td></tr><tr><td>Finland</td><td>2,932</td><td>3,837</td><td>3,175</td><td>3,395</td><td>2,262</td><td>29,722</td><td>31,320</td><td>35,686</td><td>32,838</td><td>30,752</td></tr><tr><td>France</td><td>9,472</td><td>7,868</td><td>10,547</td><td>9,677</td><td>9,926</td><td>254,990</td><td>301,823</td><td>334,039</td><td>366,581</td><td>376,551</td></tr><tr><td>Germany</td><td>30,968</td><td>30,985</td><td>27,040</td><td>30,313</td><td>33,682</td><td>645,675</td><td>682,835</td><td>739,502</td><td>773,272</td><td>793,679</td></tr><tr><td>Greece</td><td>179</td><td>129</td><td>127</td><td>205</td><td>339</td><td>66,539</td><td>70,551</td><td>69,478</td><td>73,291</td><td>71,850</td></tr><tr><td>Italy</td><td>25,538</td><td>24,805</td><td>22,120</td><td>22,237</td><td>21,675</td><td>314,434</td><td>313,619</td><td>335,964</td><td>353,945</td><td>365,164</td></tr><tr><td>Netherlands</td><td>5,566</td><td>5,060</td><td>5,357</td><td>5,696</td><td>7,187</td><td>245,018</td><td>268,564</td><td>287,490</td><td>243,086</td><td>230,722</td></tr><tr><td>Norway</td><td>1,289</td><td>1,116</td><td>843</td><td>761</td><td>1,047</td><td>119,230</td><td>109,077</td><td>108,353</td><td>110,309</td><td>113,667</td></tr><tr><td>Poland</td><td>31</td><td>30</td><td>30</td><td>30</td><td>30</td><td>2,245</td><td>1,962</td><td>2,426</td><td>2,925</td><td>3,350</td></tr><tr><td>Portugal</td><td>525</td><td>168</td><td>479</td><td>413</td><td>495</td><td>57,173</td><td>57,459</td><td>62,907</td><td>70,254</td><td>66,730</td></tr><tr><td>Romania</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>3,771</td><td>5,739</td><td>5,812</td><td>5,806</td><td>5,803</td></tr><tr><td>Spain</td><td>6,703</td><td>6,945</td><td>11,402</td><td>20,317</td><td>24,101</td><td>22,671</td><td>19,319</td><td>19,938</td><td>22,123</td><td>23,401</td></tr><tr><td>Sweden</td><td>2,893</td><td>2,449</td><td>2,553</td><td>1,773</td><td>2,186</td><td>88,992</td><td>86,660</td><td>87,923</td><td>94,281</td><td>103,492</td></tr><tr><td>Switzerland</td><td>12,794</td><td>15,282</td><td>14,001</td><td>13,420</td><td>12,395</td><td>624,139</td><td>650,132</td><td>659,945</td><td>661,532</td><td>666,360</td></tr><tr><td>U.S. S. R.</td><td>-</td><td>28,717</td><td>28,461</td><td>26,640</td><td>33,857</td><td>1,318</td><td>2,223</td><td>6,534</td><td>8,048</td><td>8,272</td></tr><tr><td>United Kingdom</td><td>27,267</td><td>28,717</td><td>28,461</td><td>26,640</td><td>33,857</td><td>900,017</td><td>911,183</td><td>887,605</td><td>890,024</td><td>900,826</td></tr><tr><td>Yugoslavia</td><td>4,454</td><td>4,730</td><td>5,336</td><td>5,795</td><td>4,248</td><td>10,762</td><td>7,944</td><td>10,246</td><td>13,227</td><td>7,448</td></tr><tr><td>Other Europe</td><td>7,278</td><td>6,826</td><td>6,333</td><td>6,880</td><td>6,615</td><td>46,649</td><td>47,760</td><td>28,583</td><td>51,187</td><td>51,031</td></tr><tr><td>Total Europe</td><td>151,943</td><td>151,718</td><td>155,666</td><td>161,732</td><td>175,777</td><td>3,749,636</td><td>3,889,834</td><td>3,982,850</td><td>4,132,202</td><td>4,215,746</td></tr><tr><td>Canada</td><td>57,396</td><td>58,292</td><td>49,630</td><td>44,028</td><td>56,737</td><td>1,231,381</td><td>1,119,448</td><td>1,142,085</td><td>1,145,537</td><td>1,195,066</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>10,232</td><td>9,016</td><td>7,954</td><td>7,602</td><td>7,477</td><td>153,116</td><td>155,615</td><td>151,288</td><td>145,903</td><td>146,640</td></tr><tr><td>Bolivia</td><td>15,372</td><td>14,691</td><td>14,292</td><td>3,303</td><td>13,209</td><td>27,374</td><td>25,591</td><td>22,943</td><td>20,579</td><td>20,318</td></tr><tr><td>Brazil</td><td>367,420</td><td>325,103</td><td>317,181</td><td>318,736</td><td>274,739</td><td>119,733</td><td>133,608</td><td>83,487</td><td>133,818</td><td>164,437</td></tr><tr><td>Chile</td><td>8,998</td><td>7,925</td><td>7,633</td><td>7,450</td><td>7,459</td><td>93,100</td><td>88,113</td><td>89,140</td><td>84,123</td><td>92,103</td></tr><tr><td>Colombia</td><td>39,813</td><td>47,656</td><td>44,369</td><td>48,988</td><td>47,428</td><td>122,039</td><td>121,602</td><td>130,373</td><td>129,910</td><td>115,777</td></tr><tr><td>Cuba</td><td>27,158</td><td>27,029</td><td>28,805</td><td>23,989</td><td>21,632</td><td>370,492</td><td>380,957</td><td>387,963</td><td>400,148</td><td>389,001</td></tr><tr><td>Dominican Republic</td><td>2,748</td><td>2,916</td><td>1,901</td><td>1,931</td><td>1,736</td><td>48,028</td><td>47,492</td><td>50,200</td><td>48,930</td><td>45,047</td></tr><tr><td>Guatemala</td><td>3,123</td><td>3,167</td><td>3,247</td><td>2,991</td><td>3,552</td><td>47,195</td><td>45,185</td><td>40,303</td><td>40,303</td><td>36,308</td></tr><tr><td>Mexico</td><td>83,049</td><td>88,327</td><td>86,416</td><td>88,990</td><td>79,300</td><td>181,695</td><td>167,496</td><td>168,706</td><td>160,996</td><td>170,322</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,491</td><td>2,091</td><td>2,405</td><td>2,248</td><td>1,836</td><td>42,315</td><td>44,814</td><td>45,595</td><td>45,080</td><td>43,604</td></tr><tr><td>Peru</td><td>13,741</td><td>14,296</td><td>13,559</td><td>15,093</td><td>16,782</td><td>68,252</td><td>63,371</td><td>61,207</td><td>62,046</td><td>59,244</td></tr><tr><td>Republic of Panama</td><td>4,874</td><td>5,374</td><td>5,605</td><td>5,379</td><td>5,795</td><td>95,231</td><td>97,092</td><td>103,777</td><td>108,119</td><td>99,434</td></tr><tr><td>El Salvador</td><td>3,393</td><td>4,043</td><td>3,290</td><td>3,672</td><td>4,777</td><td>48,863</td><td>44,738</td><td>42,132</td><td>39,202</td><td>33,678</td></tr><tr><td>Uruguay</td><td>4,621</td><td>3,601</td><td>3,313</td><td>3,197</td><td>3,429</td><td>90,247</td><td>88,524</td><td>91,250</td><td>89,256</td><td>89,028</td></tr><tr><td>Venezuela</td><td>35,104</td><td>35,201</td><td>35,649</td><td>35,418</td><td>35,311</td><td>186,353</td><td>156,813</td><td>166,545</td><td>165,488</td><td>197,799</td></tr><tr><td>Other Latin America</td><td>13,972</td><td>13,870</td><td>15,471</td><td>14,171</td><td>16,094</td><td>139,683</td><td>140,867</td><td>139,745</td><td>133,696</td><td>131,733</td></tr><tr><td>Total Latin America</td><td>636,108</td><td>603,906</td><td>591,210</td><td>583,058</td><td>541,516</td><td>1,827,915</td><td>1,801,879</td><td>1,777,532</td><td>1,806,697</td><td>1,834,376</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>2,785</td><td>2,646</td><td>2,650</td><td>2,536</td><td>3,083</td><td>37,367</td><td>37,474</td><td>36,980</td><td>36,351</td><td>36,693</td></tr><tr><td>Formosa</td><td>5,571</td><td>5,449</td><td>5,586</td><td>5,410</td><td>5,821</td><td>34,748</td><td>33,189</td><td>34,044</td><td>36,930</td><td>39,223</td></tr><tr><td>Hong Kong</td><td>2,076</td><td>2,339</td><td>2,999</td><td>2,913</td><td>2,933</td><td>67,292</td><td>67,167</td><td>68,165</td><td>68,160</td><td>68,816</td></tr><tr><td>India</td><td>3,133</td><td>2,989</td><td>2,506</td><td>2,689</td><td>2,936</td><td>92,254</td><td>87,404</td><td>89,145</td><td>93,469</td><td>92,702</td></tr><tr><td>Indonesia</td><td>770</td><td>1,142</td><td>1,245</td><td>1,646</td><td>1,115</td><td>58,925</td><td>38,432</td><td>39,611</td><td>33,503</td><td>35,091</td></tr><tr><td>Iran</td><td>12,619</td><td>12,816</td><td>13,311</td><td>13,888</td><td>13,041</td><td>17,132</td><td>17,806</td><td>20,332</td><td>22,855</td><td>30,972</td></tr><tr><td>Israel</td><td>20,473</td><td>19,397</td><td>17,773</td><td>18,789</td><td>21,362</td><td>16,434</td><td>16,475</td><td>14,193</td><td>18,578</td><td>19,463</td></tr><tr><td>Japan</td><td>14,225</td><td>16,639</td><td>18,766</td><td>17,090</td><td>20,483</td><td>882,864</td><td>891,717</td><td>920,170</td><td>919,441</td><td>932,240</td></tr><tr><td>Philippines</td><td>13,625</td><td>11,281</td><td>10,815</td><td>10,055</td><td>9,404</td><td>326,051</td><td>307,360</td><td>302,962</td><td>309,792</td><td>308,827</td></tr><tr><td>Thailand</td><td>4,338</td><td>5,342</td><td>4,464</td><td>5,216</td><td>5,865</td><td>198,082</td><td>197,500</td><td>191,880</td><td>188,206</td><td>191,330</td></tr><tr><td>Turkey</td><td>10,516</td><td>11,276</td><td>8,680</td><td>4,469</td><td>960</td><td>7,363</td><td>8,007</td><td>6,288</td><td>8,367</td><td>14,187</td></tr><tr><td>Other Asia</td><td>20,189</td><td>20,392</td><td>15,536</td><td>15,516</td><td>16,685</td><td>234,153</td><td>232,176</td><td>233,878</td><td>226,383</td><td>231,583</td></tr><tr><td>Total Asia</td><td>120,320</td><td>112,098</td><td>103,606</td><td>100,163</td><td>106,268</td><td>1,966,665</td><td>1,935,307</td><td>1,948,208</td><td>1,962,403</td><td>2,001,135</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>7,212</td><td>7,211</td><td>6,261</td><td>6,304</td><td>6,978</td><td>66,520</td><td>67,318</td><td>54,577</td><td>53,866</td><td>54,042</td></tr><tr><td>Belgian Congo</td><td>6,698</td><td>6,624</td><td>7,129</td><td>5,932</td><td>5,720</td><td>130,921</td><td>126,297</td><td>119,441</td><td>112,506</td><td>116,841</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>974</td><td>335</td><td>282</td><td>161</td><td>139</td><td>54,350</td><td>55,214</td><td>43,153</td><td>44,523</td><td>43,942</td></tr><tr><td>Union of South Africa</td><td>2,804</td><td>2,872</td><td>2,886</td><td>2,872</td><td>2,275</td><td>33,331</td><td>37,435</td><td>37,376</td><td>39,593</td><td>38,902</td></tr><tr><td>Other</td><td>3,363</td><td>3,567</td><td>3,682</td><td>4,597</td><td>4,983</td><td>93,966</td><td>97,789</td><td>99,582</td><td>93,403</td><td>99,435</td></tr><tr><td>Total other countries</td><td>21,051</td><td>20,609</td><td>20,200</td><td>19,826</td><td>20,095</td><td>378,688</td><td>384,053</td><td>354,129</td><td>343,891</td><td>353,162</td></tr><tr><td>International</td><td>-</td><td>1,039</td><td>193</td><td>-</td><td>163</td><td>1,783,467</td><td>1,777,093</td><td>1,788,651</td><td>1,794,018</td><td>1,795,998</td></tr><tr><td>Grand total</td><td>976,818</td><td>947,662</td><td>920,505</td><td>908,807</td><td>900,556</td><td>10,937,752</td><td>10,907,614</td><td>10,933,455</td><td>11,184,748</td><td>11,395,483</td></tr></table>
p Preliminary.
48
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)</th><th colspan="4">Credit balances (due to foreigners)</th></tr><tr><th></th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September p</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>17</td><td>14</td><td>17</td><td>12</td><td>13</td><td>18</td><td>29</td><td>16</td><td>36</td><td>10</td></tr><tr><td>Belgium</td><td>145</td><td>189</td><td>206</td><td>184</td><td>105</td><td>2,506</td><td>2,699</td><td>2,592</td><td>2,432</td><td>2,148</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>326</td><td>343</td><td>213</td><td>328</td><td>338</td><td>142</td><td>181</td><td>205</td><td>147</td><td>157</td></tr><tr><td>Finland</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>France</td><td>2,246</td><td>2,411</td><td>1,747</td><td>2,012</td><td>1,756</td><td>3,357</td><td>3,016</td><td>3,125</td><td>2,998</td><td>2,799</td></tr><tr><td>Germany</td><td>232</td><td>479</td><td>427</td><td>146</td><td>91</td><td>85</td><td>81</td><td>14</td><td>45</td><td>46</td></tr><tr><td>Greece</td><td>12</td><td>10</td><td>5</td><td>27</td><td>5</td><td>22</td><td>17</td><td>17</td><td>25</td><td>20</td></tr><tr><td>Italy</td><td>210</td><td>235</td><td>215</td><td>201</td><td>319</td><td>925</td><td>663</td><td>634</td><td>687</td><td>688</td></tr><tr><td>Netherlands</td><td>345</td><td>428</td><td>371</td><td>672</td><td>621</td><td>5,429</td><td>5,111</td><td>5,297</td><td>5,179</td><td>4,770</td></tr><tr><td>Norway</td><td>364</td><td>345</td><td>404</td><td>434</td><td>369</td><td>466</td><td>332</td><td>581</td><td>571</td><td>472</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>1</td></tr><tr><td>Portugal</td><td>57</td><td>55</td><td>60</td><td>112</td><td>58</td><td>187</td><td>236</td><td>209</td><td>164</td><td>197</td></tr><tr><td>Romania</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Spain</td><td>281</td><td>299</td><td>134</td><td>121</td><td>137</td><td>316</td><td>290</td><td>149</td><td>163</td><td>160</td></tr><tr><td>Sweden</td><td>66</td><td>34</td><td>66</td><td>172</td><td>68</td><td>247</td><td>291</td><td>225</td><td>257</td><td>234</td></tr><tr><td>Switzerland</td><td>6,270</td><td>6,937</td><td>6,503</td><td>7,621</td><td>7,555</td><td>25,077</td><td>22,271</td><td>25,183</td><td>23,584</td><td>23,283</td></tr><tr><td>U. S. S. R.</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>3,738</td><td>3,770</td><td>5,042</td><td>4,265</td><td>5,027</td><td>4,834</td><td>4,867</td><td>4,119</td><td>4,251</td><td>4,479</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>14</td><td>21</td><td>21</td><td>22</td></tr><tr><td>Other Europe</td><td>76</td><td>57</td><td>86</td><td>493</td><td>83</td><td>1,209</td><td>1,176</td><td>1,237</td><td>1,459</td><td>1,473</td></tr><tr><td>Total Europe</td><td>14,385</td><td>15,606</td><td>15,511</td><td>16,799</td><td>16,550</td><td>44,847</td><td>41,209</td><td>43,699</td><td>42,056</td><td>40,973</td></tr><tr><td>Canada</td><td>6,669</td><td>6,536</td><td>6,415</td><td>6,741</td><td>6,204</td><td>7,715</td><td>14,289</td><td>12,517</td><td>12,321</td><td>11,731</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>303</td><td>311</td><td>303</td><td>374</td><td>334</td><td>1,443</td><td>1,370</td><td>1,510</td><td>1,371</td><td>1,215</td></tr><tr><td>Bolivia</td><td>16</td><td>13</td><td>1</td><td>5</td><td>10</td><td>43</td><td>51</td><td>97</td><td>88</td><td>55</td></tr><tr><td>Brazil</td><td>1,026</td><td>1,139</td><td>823</td><td>935</td><td>748</td><td>1,247</td><td>1,473</td><td>1,304</td><td>1,375</td><td>1,425</td></tr><tr><td>Chile</td><td>282</td><td>366</td><td>290</td><td>272</td><td>250</td><td>723</td><td>739</td><td>723</td><td>727</td><td>739</td></tr><tr><td>Colombia</td><td>82</td><td>94</td><td>89</td><td>90</td><td>25</td><td>363</td><td>439</td><td>512</td><td>577</td><td>577</td></tr><tr><td>Cuba</td><td>5,855</td><td>5,944</td><td>5,823</td><td>5,180</td><td>5,311</td><td>2,561</td><td>2,392</td><td>2,175</td><td>2,323</td><td>2,083</td></tr><tr><td>Dominican Republic</td><td>10</td><td>10</td><td>12</td><td>8</td><td>9</td><td>232</td><td>205</td><td>193</td><td>190</td><td>159</td></tr><tr><td>Guatemala</td><td>1</td><td>20</td><td>8</td><td>8</td><td>7</td><td>211</td><td>187</td><td>212</td><td>127</td><td>101</td></tr><tr><td>Mexico</td><td>2,625</td><td>2,448</td><td>2,585</td><td>2,599</td><td>2,694</td><td>3,084</td><td>2,610</td><td>2,972</td><td>3,078</td><td>2,997</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>65</td><td>53</td><td>49</td><td>41</td><td>59</td><td>173</td><td>187</td><td>203</td><td>194</td><td>168</td></tr><tr><td>Peru</td><td>364</td><td>368</td><td>584</td><td>422</td><td>376</td><td>261</td><td>198</td><td>191</td><td>174</td><td>154</td></tr><tr><td>Republic of Panama</td><td>278</td><td>235</td><td>215</td><td>656</td><td>293</td><td>1,861</td><td>1,828</td><td>2,107</td><td>1,618</td><td>1,506</td></tr><tr><td>El Salvador</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>7</td><td>7</td><td>8</td><td>12</td><td>12</td></tr><tr><td>Uruguay</td><td>751</td><td>891</td><td>547</td><td>554</td><td>670</td><td>5,879</td><td>4,932</td><td>4,605</td><td>4,715</td><td>6,217</td></tr><tr><td>Venezuela</td><td>2,030</td><td>1,920</td><td>1,890</td><td>1,895</td><td>1,875</td><td>2,510</td><td>2,510</td><td>2,168</td><td>2,510</td><td>2,516</td></tr><tr><td>Other Latin America</td><td>446</td><td>367</td><td>579</td><td>451</td><td>594</td><td>534</td><td>510</td><td>399</td><td>412</td><td>462</td></tr><tr><td>Total Latin America</td><td>14,124</td><td>14,180</td><td>13,794</td><td>13,489</td><td>13,256</td><td>21,202</td><td>19,605</td><td>19,395</td><td>19,556</td><td>20,388</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>39</td><td>3</td><td>32</td><td>-</td><td>85</td><td>70</td><td>112</td><td>73</td><td>62</td></tr><tr><td>Formosa</td><td>43</td><td>3</td><td>3</td><td>3</td><td>39</td><td>7</td><td>46</td><td>12</td><td>12</td><td>12</td></tr><tr><td>Hong Kong</td><td>864</td><td>866</td><td>723</td><td>648</td><td>764</td><td>1,606</td><td>1,488</td><td>1,490</td><td>1,384</td><td>1,196</td></tr><tr><td>India</td><td>43</td><td>52</td><td>52</td><td>54</td><td>58</td><td>83</td><td>65</td><td>60</td><td>60</td><td>60</td></tr><tr><td>Indonesia</td><td>18</td><td>22</td><td>22</td><td>22</td><td>38</td><td>5</td><td>6</td><td>7</td><td>8</td><td>4</td></tr><tr><td>Iran</td><td>3</td><td>6</td><td>5</td><td>8</td><td>8</td><td>3</td><td>4</td><td>5</td><td>6</td><td>8</td></tr><tr><td>Israel</td><td>8</td><td>2</td><td>11</td><td>15</td><td>86</td><td>52</td><td>49</td><td>43</td><td>44</td><td>45</td></tr><tr><td>Japan</td><td>9</td><td>5</td><td>11</td><td>15</td><td>38</td><td>59</td><td>47</td><td>44</td><td>84</td><td>50</td></tr><tr><td>Philippines</td><td>23</td><td>36</td><td>97</td><td>100</td><td>38</td><td>88</td><td>87</td><td>23</td><td>23</td><td>37</td></tr><tr><td>Thailand</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>97</td><td>92</td><td>83</td><td>69</td><td>70</td></tr><tr><td>Turkey</td><td>13</td><td>5</td><td>3</td><td>2</td><td>85</td><td>3</td><td>5</td><td>18</td><td>7</td><td>10</td></tr><tr><td>Other Asia</td><td>124</td><td>164</td><td>125</td><td>93</td><td>-</td><td>751</td><td>577</td><td>548</td><td>251</td><td>617</td></tr><tr><td>Total Asia</td><td>1,157</td><td>1,208</td><td>1,049</td><td>995</td><td>1,124</td><td>2,835</td><td>2,536</td><td>2,455</td><td>2,019</td><td>2,171</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>19</td><td>7</td><td>14</td><td>13</td><td>14</td><td>32</td><td>29</td><td>39</td><td>52</td><td>43</td></tr><tr><td>Belgian Congo</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>5</td><td>4</td><td>5</td><td>6</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>5</td><td>5</td><td>2</td><td>-</td><td>3</td><td>92</td><td>97</td><td>96</td><td>104</td><td>37</td></tr><tr><td>Union of South Africa</td><td>9</td><td>8</td><td>7</td><td>6</td><td>7</td><td>350</td><td>214</td><td>551</td><td>151</td><td>196</td></tr><tr><td>Other</td><td>167</td><td>244</td><td>227</td><td>218</td><td>273</td><td>1,865</td><td>1,622</td><td>1,965</td><td>2,032</td><td>2,268</td></tr><tr><td>Total other countries</td><td>200</td><td>264</td><td>250</td><td>237</td><td>297</td><td>2,342</td><td>1,967</td><td>2,555</td><td>2,344</td><td>2,550</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>36,535</td><td>37,774</td><td>37,019</td><td>38,251</td><td>37,431</td><td>78,941</td><td>79,602</td><td>80,621</td><td>78,396</td><td>77,813</td></tr></table>
P
Preliminary
December 1955
49
CAPITAL MOVEMENTS
Section III - Details for Month of July 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>Foreign banks and official institutions</th><th>Others</th><th>Collection 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>Collection 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>236</td><td>227</td><td>156</td><td>-</td><td>71</td><td>9</td><td>9</td><td>-</td><td>43</td></tr><tr><td>Belgium</td><td>12,192</td><td>11,800</td><td>1,407</td><td>171</td><td>4,209</td><td>392</td><td>349</td><td>4</td><td>-</td></tr><tr><td>Czechoslovakia</td><td>6</td><td>2</td><td>-</td><td>-</td><td>2</td><td>4</td><td>-</td><td>8</td><td>-</td></tr><tr><td>Denmark</td><td>2,340</td><td>2,281</td><td>360</td><td>-</td><td>256</td><td>59</td><td>51</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>3,475</td><td>3,474</td><td>24</td><td>35</td><td>133</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>France</td><td>10,547</td><td>8,599</td><td>2,322</td><td>4,115</td><td>1,093</td><td>1,948</td><td>419</td><td>28</td><td>1,501</td></tr><tr><td>Germany</td><td>27,040</td><td>24,590</td><td>9,168</td><td>4,115</td><td>3,059</td><td>2,450</td><td>2,440</td><td>10</td><td>-</td></tr><tr><td>Greece</td><td>127</td><td>127</td><td>18</td><td>34</td><td>75</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>22,120</td><td>21,693</td><td>1,463</td><td>11,611</td><td>3,495</td><td>427</td><td>315</td><td>26</td><td>86</td></tr><tr><td>Netherlands</td><td>5,157</td><td>4,054</td><td>383</td><td>311</td><td>1,938</td><td>1,103</td><td>1,100</td><td>3</td><td>-</td></tr><tr><td>Norway</td><td>843</td><td>693</td><td>21</td><td>37</td><td>333</td><td>150</td><td>150</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></tr><tr><td>Portugal</td><td>479</td><td>348</td><td>6</td><td>15</td><td>327</td><td>131</td><td>131</td><td>-</td><td>-</td></tr><tr><td>Romania</td><td>5</td><td>2</td><td>-</td><td>-</td><td>2</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>14,402</td><td>11,382</td><td>553</td><td>11</td><td>272</td><td>3,020</td><td>3,020</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>2,555</td><td>2,314</td><td>303</td><td>193</td><td>1,155</td><td>241</td><td>236</td><td>5</td><td>-</td></tr><tr><td>Switzerland</td><td>14,001</td><td>8,219</td><td>1,077</td><td>3,695</td><td>3,075</td><td>5,782</td><td>5,730</td><td>1</td><td>43</td></tr><tr><td>U. S. S. R.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>28,461</td><td>7,255</td><td>2,053</td><td>2,265</td><td>2,543</td><td>21,206</td><td>20,376</td><td>640</td><td>190</td></tr><tr><td>Yugoslavia</td><td>5,336</td><td>5,334</td><td>5,139</td><td>9</td><td>6</td><td>2</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>6,313</td><td>6,149</td><td>742</td><td>4,222</td><td>716</td><td>164</td><td>155</td><td>9</td><td>-</td></tr><tr><td>Total Europe</td><td>155,666</td><td>118,573</td><td>25,971</td><td>30,801</td><td>22,740</td><td>37,093</td><td>34,495</td><td>735</td><td>2,863</td></tr><tr><td>Canada</td><td>49,630</td><td>23,545</td><td>2,941</td><td>5,182</td><td>5,931</td><td>26,085</td><td>20,725</td><td>1,098</td><td>4,262</td></tr><tr><td>Latin America</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>7,094</td><td>7,049</td><td>194</td><td>1,346</td><td>5,309</td><td>905</td><td>43</td><td>851</td><td>11</td></tr><tr><td>Bolivia</td><td>14,292</td><td>14,289</td><td>12,460</td><td>34</td><td>1,789</td><td>3</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Brazil</td><td>317,181</td><td>316,063</td><td>17,934</td><td>22,646</td><td>227,740</td><td>1,118</td><td>140</td><td>937</td><td>41</td></tr><tr><td>Chile</td><td>7,653</td><td>7,652</td><td>915</td><td>1,559</td><td>4,267</td><td>1</td><td>1</td><td>4</td><td>1</td></tr><tr><td>Colombia</td><td>44,369</td><td>44,360</td><td>6,781</td><td>4,941</td><td>20,358</td><td>9</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Cuba</td><td>28,805</td><td>28,584</td><td>177</td><td>7,972</td><td>8,797</td><td>281</td><td>277</td><td>4</td><td>-</td></tr><tr><td>Dominican Republic</td><td>1,901</td><td>1,875</td><td>-</td><td>373</td><td>1,502</td><td>26</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Guatemala</td><td>3,247</td><td>3,247</td><td>652</td><td>86</td><td>2,344</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>86,416</td><td>84,166</td><td>20,047</td><td>21,699</td><td>8,745</td><td>33,605</td><td>2,250</td><td>807</td><td>393</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,405</td><td>2,130</td><td>-</td><td>712</td><td>1,418</td><td>275</td><td>275</td><td>-</td><td>1,050</td></tr><tr><td>Peru</td><td>13,699</td><td>13,610</td><td>20</td><td>238</td><td>9,456</td><td>49</td><td>21</td><td>28</td><td>-</td></tr><tr><td>Republic of Panama</td><td>5,605</td><td>5,504</td><td>16</td><td>3,407</td><td>1,313</td><td>1</td><td>-</td><td>1</td><td>-</td></tr><tr><td>El Salvador</td><td>3,290</td><td>3,290</td><td>2</td><td>951</td><td>1,694</td><td>643</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,313</td><td>3,036</td><td>739</td><td>700</td><td>1,517</td><td>80</td><td>256</td><td>-</td><td>21</td></tr><tr><td>Venezuela</td><td>35,649</td><td>34,143</td><td>1,365</td><td>7,658</td><td>20,762</td><td>1,506</td><td>584</td><td>14</td><td>968</td></tr><tr><td>Other Latin America</td><td>15,471</td><td>15,424</td><td>625</td><td>1,395</td><td>13,003</td><td>47</td><td>34</td><td>13</td><td>-</td></tr><tr><td>Total Latin America</td><td>591,210</td><td>584,462</td><td>62,127</td><td>75,707</td><td>330,014</td><td>6,748</td><td>2,382</td><td>2,274</td><td>2,092</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>2,650</td><td>2,644</td><td>2,636</td><td>-</td><td>16</td><td>2</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,986</td><td>5,986</td><td>5,946</td><td>-</td><td>140</td><td>-</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,274</td><td>2,170</td><td>192</td><td>324</td><td>1,654</td><td>104</td><td>104</td><td>-</td><td>-</td></tr><tr><td>India</td><td>2,506</td><td>2,203</td><td>82</td><td>46</td><td>2,075</td><td>303</td><td>295</td><td>8</td><td>-</td></tr><tr><td>Indonesia</td><td>1,245</td><td>1,245</td><td>-</td><td>1</td><td>1,244</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>13,311</td><td>13,308</td><td>307</td><td>6</td><td>12,995</td><td>3</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Izrael</td><td>17,773</td><td>17,772</td><td>4,583</td><td>1,890</td><td>1,822</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>18,766</td><td>18,760</td><td>7,061</td><td>5,325</td><td>5,817</td><td>6</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>10,815</td><td>10,744</td><td>6,948</td><td>696</td><td>3,100</td><td>71</td><td>49</td><td>22</td><td>-</td></tr><tr><td>Thailand</td><td>4,484</td><td>4,457</td><td>2,892</td><td>1</td><td>1,504</td><td>7</td><td>7</td><td>7</td><td>-</td></tr><tr><td>Turkey</td><td>8,630</td><td>8,675</td><td>7,946</td><td>50</td><td>679</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>15,736</td><td>15,482</td><td>11,613</td><td>329</td><td>3,337</td><td>24</td><td>24</td><td>-</td><td>-</td></tr><tr><td>Total Asia</td><td>103,606</td><td>103,046</td><td>49,846</td><td>8,268</td><td>34,433</td><td>560</td><td>520</td><td>40</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></tr><tr><td>Australia</td><td>6,261</td><td>5,933</td><td>32</td><td>46</td><td>3,440</td><td>728</td><td>623</td><td>105</td><td>-</td></tr><tr><td>Belgian Congo</td><td>7,129</td><td>7,129</td><td>8</td><td>52</td><td>6,084</td><td>985</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>242</td><td>221</td><td>91</td><td>1</td><td>114</td><td>15</td><td>19</td><td>2</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,886</td><td>2,532</td><td>-</td><td>39</td><td>2,183</td><td>354</td><td>351</td><td>3</td><td>-</td></tr><tr><td>Other</td><td>3,638</td><td>3,580</td><td>707</td><td>252</td><td>2,342</td><td>102</td><td>102</td><td>-</td><td>-</td></tr><tr><td>Total other countries</td><td>20,200</td><td>18,995</td><td>838</td><td>390</td><td>14,163</td><td>1,205</td><td>1,095</td><td>110</td><td>-</td></tr><tr><td>International</td><td>193</td><td>193</td><td>193</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>980,505</td><td>848,814</td><td>141,916</td><td>120,348</td><td>407,281</td><td>71,691</td><td>59,217</td><td>4,257</td><td>8,217</td></tr></table>
50
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Details for Month of July 1953
Table 2.- Short-Term Liabilities to Foreigners
(Poetion 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>129,878</td><td>128,644</td><td>75,883</td><td>3,200</td><td>49,556</td><td>1,227</td><td>1,222</td><td>5</td><td>7</td><td>299</td><td>299</td><td>7</td></tr><tr><td>Belgium</td><td>132,992</td><td>79,617</td><td>50,991</td><td>2,617</td><td>26,009</td><td>52,976</td><td>41,189</td><td>2,780</td><td>9,007</td><td>299</td><td>299</td><td>7</td></tr><tr><td>Czechoslovakia</td><td>340</td><td>339</td><td>1</td><td>-</td><td>1</td><td>389</td><td>389</td><td>-</td><td>-</td><td>16</td><td>16</td><td>-</td></tr><tr><td>Denmark</td><td>72,620</td><td>64,792</td><td>17,985</td><td>45,125</td><td>1,682</td><td>7,812</td><td>6,109</td><td>964</td><td>439</td><td>16</td><td>16</td><td>-</td></tr><tr><td>Finland</td><td>35,686</td><td>33,251</td><td>28,947</td><td>4,604</td><td>2,135</td><td>2,435</td><td>2,435</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>334,039</td><td>260,819</td><td>192,496</td><td>56,603</td><td>11,720</td><td>70,153</td><td>63,358</td><td>3,254</td><td>3,541</td><td>3,067</td><td>3,049</td><td>18</td></tr><tr><td>Germany</td><td>739,502</td><td>735,393</td><td>311,389</td><td>375,000</td><td>50,008</td><td>3,080</td><td>2,994</td><td>93</td><td>83</td><td>29</td><td>3</td><td>26</td></tr><tr><td>Greece</td><td>69,478</td><td>60,890</td><td>22,681</td><td>38,000</td><td>209</td><td>8,588</td><td>6,586</td><td>1,925</td><td>77</td><td>21</td><td>21</td><td>2</td></tr><tr><td>Italy</td><td>335,964</td><td>304,984</td><td>118,399</td><td>159,116</td><td>27,469</td><td>30,999</td><td>20,777</td><td>9,509</td><td>673</td><td>30</td><td>28</td><td>-</td></tr><tr><td>Netherlands</td><td>227,490</td><td>199,336</td><td>57,833</td><td>133,923</td><td>7,630</td><td>28,074</td><td>25,927</td><td>2,098</td><td>49</td><td>10</td><td>10</td><td>-</td></tr><tr><td>Norway</td><td>108,353</td><td>82,735</td><td>23,201</td><td>58,304</td><td>1,230</td><td>25,608</td><td>21,646</td><td>1,768</td><td>2,194</td><td>10</td><td>10</td><td>-</td></tr><tr><td>Poland</td><td>2,426</td><td>1,939</td><td>1,929</td><td>8</td><td>2</td><td>487</td><td>463</td><td>22</td><td>2</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Portugal</td><td>62,907</td><td>38,983</td><td>38,680</td><td>48</td><td>295</td><td>23,923</td><td>23,575</td><td>348</td><td>1</td><td>1</td><td>1</td><td>9</td></tr><tr><td>Romania</td><td>5,812</td><td>4,821</td><td>4,421</td><td>-</td><td>186</td><td>1,097</td><td>9,920</td><td>167</td><td>10</td><td>1</td><td>1</td><td>9</td></tr><tr><td>Spain</td><td>19,938</td><td>9,840</td><td>9,654</td><td>-</td><td>186</td><td>10,097</td><td>9,920</td><td>167</td><td>10</td><td>1</td><td>1</td><td>9</td></tr><tr><td>Sweden</td><td>87,923</td><td>80,838</td><td>38,157</td><td>22,250</td><td>20,431</td><td>6,987</td><td>6,292</td><td>686</td><td>9</td><td>98</td><td>98</td><td>-</td></tr><tr><td>Switzerland</td><td>659,945</td><td>587,427</td><td>272,549</td><td>129,468</td><td>125,410</td><td>130,269</td><td>97,513</td><td>11,892</td><td>20,864</td><td>2,289</td><td>2,186</td><td>63</td></tr><tr><td>U.S.S.R.</td><td>6,532</td><td>6,232</td><td>6,220</td><td>-</td><td>12</td><td>302</td><td>302</td><td>-</td><td>-</td><td>24,880</td><td>24,728</td><td>152</td></tr><tr><td>United Kingdom</td><td>887,609</td><td>584,740</td><td>318,108</td><td>255,907</td><td>10,725</td><td>277,995</td><td>149,175</td><td>128,254</td><td>556</td><td>32</td><td>32</td><td>-</td></tr><tr><td>Yugoslavia</td><td>10,546</td><td>9,834</td><td>8,391</td><td>-</td><td>1,453</td><td>712</td><td>712</td><td>-</td><td>-</td><td>32</td><td>32</td><td>-</td></tr><tr><td>Other Europe</td><td>52,583</td><td>38,304</td><td>30,173</td><td>7,720</td><td>411</td><td>14,247</td><td>12,807</td><td>739</td><td>701</td><td>30,749</td><td>30,472</td><td>277</td></tr><tr><td>Total Europe</td><td>3,982,850</td><td>3,254,409</td><td>1,628,327</td><td>1,287,289</td><td>338,793</td><td>697,692</td><td>495,033</td><td>164,101</td><td>38,558</td><td>30,749</td><td>30,472</td><td>277</td></tr><tr><td>Canada</td><td>1,142,085</td><td>900,185</td><td>289,806</td><td>597,926</td><td>12,453</td><td>229,738</td><td>177,861</td><td>49,097</td><td>2,780</td><td>12,162</td><td>11,786</td><td>376</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>151,288</td><td>112,843</td><td>109,709</td><td>459</td><td>2,675</td><td>38,400</td><td>38,326</td><td>70</td><td>4</td><td>45</td><td>8</td><td>37</td></tr><tr><td>Bolivia</td><td>22,943</td><td>11,617</td><td>11,614</td><td>-</td><td>3</td><td>11,326</td><td>11,257</td><td>43</td><td>26</td><td>24</td><td>10</td><td>14</td></tr><tr><td>Brazil</td><td>83,487</td><td>42,803</td><td>33,343</td><td>-</td><td>9,460</td><td>40,660</td><td>40,379</td><td>35</td><td>246</td><td>5</td><td>5</td><td>4</td></tr><tr><td>Chile</td><td>89,140</td><td>56,287</td><td>56,243</td><td>-</td><td>74</td><td>32,848</td><td>32,682</td><td>127</td><td>39</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Colombia</td><td>130,373</td><td>97,717</td><td>96,892</td><td>-</td><td>825</td><td>32,592</td><td>32,398</td><td>236</td><td>18</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>387,963</td><td>316,047</td><td>120,062</td><td>194,000</td><td>1,985</td><td>72,916</td><td>71,598</td><td>214</td><td>104</td><td>3,950</td><td>-</td><td>-</td></tr><tr><td>Dominican Republic</td><td>50,200</td><td>29,612</td><td>29,480</td><td>-</td><td>132</td><td>20,288</td><td>16,596</td><td>42</td><td>1</td><td>301</td><td>96</td><td>205</td></tr><tr><td>Guatemala</td><td>43,181</td><td>24,610</td><td>16,822</td><td>4,500</td><td>3,288</td><td>18,571</td><td>18,350</td><td>220</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Mexico</td><td>168,706</td><td>84,718</td><td>83,870</td><td>-</td><td>848</td><td>83,687</td><td>78,181</td><td>5,479</td><td>27</td><td>301</td><td>96</td><td>205</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>45,595</td><td>37,357</td><td>20,390</td><td>13,995</td><td>2,972</td><td>8,238</td><td>8,115</td><td>50</td><td>73</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>61,207</td><td>21,943</td><td>21,710</td><td>-</td><td>133</td><td>39,357</td><td>34,868</td><td>148</td><td>4,341</td><td>7</td><td>7</td><td>-</td></tr><tr><td>Republic of Panama</td><td>103,777</td><td>47,187</td><td>47,175</td><td>-</td><td>12</td><td>56,590</td><td>41,154</td><td>9,282</td><td>6,194</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>42,132</td><td>28,930</td><td>5,490</td><td>23,200</td><td>2,605</td><td>13,236</td><td>13,190</td><td>24</td><td>22</td><td>44</td><td>40</td><td>4</td></tr><tr><td>Uruguay</td><td>91,250</td><td>36,542</td><td>31,244</td><td>1,000</td><td>4,898</td><td>54,624</td><td>45,565</td><td>205</td><td>8,994</td><td>968</td><td>968</td><td>10</td></tr><tr><td>Venezuela</td><td>166,545</td><td>109,699</td><td>109,664</td><td>-</td><td>35</td><td>55,868</td><td>50,763</td><td>4,560</td><td>545</td><td>978</td><td>144</td><td>-</td></tr><tr><td>Other Latin America</td><td>139,745</td><td>104,267</td><td>76,848</td><td>12,332</td><td>15,087</td><td>35,334</td><td>34,099</td><td>1,158</td><td>77</td><td>1,592</td><td>1,278</td><td>314</td></tr><tr><td>Total Latin America</td><td>1,777,532</td><td>1,102,045</td><td>870,526</td><td>248,886</td><td>42,633</td><td>613,895</td><td>567,521</td><td>21,853</td><td>24,521</td><td>1,592</td><td>1,278</td><td>314</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>36,940</td><td>28,643</td><td>28,049</td><td>342</td><td>252</td><td>8,297</td><td>8,295</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formose</td><td>34,644</td><td>29,687</td><td>28,830</td><td>855</td><td>2</td><td>4,957</td><td>4,957</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>68,165</td><td>26,981</td><td>26,371</td><td>200</td><td>410</td><td>41,120</td><td>40,643</td><td>367</td><td>110</td><td>64</td><td>64</td><td>-</td></tr><tr><td>India</td><td>89,145</td><td>84,469</td><td>22,777</td><td>60,440</td><td>1,252</td><td>3,531</td><td>3,528</td><td>3</td><td>1,145</td><td>1,145</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>39,611</td><td>37,925</td><td>30,145</td><td>7,555</td><td>225</td><td>1,686</td><td>1,686</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>20,332</td><td>12,047</td><td>11,966</td><td>-</td><td>81</td><td>8,285</td><td>8,274</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>14,193</td><td>12,897</td><td>12,877</td><td>-</td><td>18</td><td>1,298</td><td>1,298</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>910,170</td><td>893,719</td><td>895,510</td><td>35,544</td><td>2,665</td><td>16,438</td><td>16,420</td><td>-</td><td>18</td><td>13</td><td>13</td><td>-</td></tr><tr><td>Philippines</td><td>306,962</td><td>284,854</td><td>269,985</td><td>8,030</td><td>10,899</td><td>18,023</td><td>17,953</td><td>70</td><td>85</td><td>85</td><td>85</td><td>-</td></tr><tr><td>Thailand</td><td>191,360</td><td>188,443</td><td>11,689</td><td>176,363</td><td>451</td><td>3,437</td><td>3,437</td><td>-</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Turkey</td><td>6,288</td><td>3,059</td><td>3,029</td><td>43,622</td><td>30</td><td>3,229</td><td>3,228</td><td>81</td><td>629</td><td>148</td><td>148</td><td>-</td></tr><tr><td>Other Asia</td><td>233,878</td><td>197,540</td><td>143,740</td><td>-</td><td>10,178</td><td>36,190</td><td>35,480</td><td>81</td><td>629</td><td>148</td><td>148</td><td>-</td></tr><tr><td>Total Asia</td><td>1,940,208</td><td>1,800,262</td><td>1,444,908</td><td>328,951</td><td>26,403</td><td>146,491</td><td>145,199</td><td>523</td><td>769</td><td>1,455</td><td>1,455</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>54,577</td><td>51,414</td><td>23,378</td><td>25,850</td><td>2,186</td><td>2,961</td><td>2,950</td><td>11</td><td>202</td><td>202</td><td>-</td><td>-</td></tr><tr><td>Belgian Congo</td><td>119,441</td><td>118,438</td><td>20,481</td><td>80,735</td><td>17,222</td><td>998</td><td>659</td><td>339</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>43,153</td><td>40,040</td><td>23,689</td><td>16,000</td><td>351</td><td>3,113</td><td>3,083</td><td>30</td><td>296</td><td>264</td><td>32</td><td>-</td></tr><tr><td>Union of South Africa</td><td>37,376</td><td>34,434</td><td>12,520</td><td>21,700</td><td>214</td><td>2,646</td><td>2,639</td><td>6</td><td>246</td><td>264</td><td>32</td><td>-</td></tr><tr><td>Other</td><td>99,532</td><td>72,390</td><td>60,524</td><td>3,200</td><td>8,666</td><td>26,648</td><td>23,459</td><td>783</td><td>2,406</td><td>544</td><td>529</td><td>15</td></tr><tr><td>Total other countries</td><td>354,129</td><td>316,716</td><td>140,592</td><td>147,485</td><td>28,639</td><td>36,366</td><td>32,790</td><td>819</td><td>8,757</td><td>1,047</td><td>1,000</td><td>47</td></tr><tr><td>International</td><td>1,788,651</td><td>1,788,651</td><td>96,306</td><td>1,643,469</td><td>48,876</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>10,993,455</td><td>9,222,268</td><td>4,470,465</td><td>4,254,006</td><td>497,797</td><td>1,724,182</td><td>1,418,404</td><td>236,393</td><td>69,305</td><td>47,005</td><td>45,991</td><td>1,014</td></tr></table>
December 1955
51
CAPITAL MOVEMENTS
Section III - Details for Month of July 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="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th>Total purchases</th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>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>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>25,231</td><td>18,736</td><td>89</td><td>1,366</td><td>4,371</td><td>669</td><td>24,181</td><td>17,572</td><td>79</td><td>349</td><td>4,283</td><td>1,898</td></tr><tr><td>Belgium</td><td>-</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>Czechoslovakia</td><td>1,675</td><td>91</td><td>124</td><td>90</td><td>1,357</td><td>13</td><td>163</td><td>-</td><td>70</td><td>82</td><td>5</td><td>6</td></tr><tr><td>Denmark</td><td>7</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>4,388</td><td>357</td><td>699</td><td>1,640</td><td>674</td><td>998</td><td>53,366</td><td>50,502</td><td>159</td><td>1,004</td><td>1,204</td><td>497</td></tr><tr><td>France</td><td>18</td><td>-</td><td>-</td><td>13</td><td>61</td><td>5</td><td>20</td><td>6</td><td>1</td><td>1</td><td>1</td><td>13</td></tr><tr><td>Germany</td><td>75</td><td>-</td><td>-</td><td>14</td><td>62</td><td>73</td><td>7</td><td>3</td><td>1</td><td>2</td><td>1</td><td>-</td></tr><tr><td>Greece</td><td>1,444</td><td>338</td><td>5</td><td>346</td><td>463</td><td>593</td><td>8,645</td><td>112</td><td>8</td><td>141</td><td>33</td><td>160</td></tr><tr><td>Italy</td><td>4,001</td><td>116</td><td>1,385</td><td>1,444</td><td>-</td><td>-</td><td>-</td><td>68</td><td>220</td><td>4,538</td><td>669</td><td>3,156</td></tr><tr><td>Netherlands</td><td>920</td><td>77</td><td>7</td><td>148</td><td>680</td><td>8</td><td>168</td><td>-</td><td>-</td><td>102</td><td>65</td><td>1</td></tr><tr><td>Norway</td><td>4</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>233</td><td>-</td><td>-</td><td>16</td><td>124</td><td>93</td><td>171</td><td>-</td><td>5</td><td>31</td><td>123</td><td>12</td></tr><tr><td>Portugal</td><td>23</td><td>-</td><td>-</td><td>2</td><td>20</td><td>14</td><td>140</td><td>7</td><td>12</td><td>84</td><td>37</td><td>-</td></tr><tr><td>Romania</td><td>53</td><td>-</td><td>2</td><td>31</td><td>7</td><td>4</td><td>148</td><td>-</td><td>78</td><td>20</td><td>50</td><td>-</td></tr><tr><td>Spain</td><td>83</td><td>-</td><td>51</td><td>21</td><td>7</td><td>4</td><td>148</td><td>741</td><td>2,295</td><td>10,839</td><td>2,203</td><td>2,322</td></tr><tr><td>Sweden</td><td>22,936</td><td>721</td><td>4,713</td><td>10,913</td><td>3,725</td><td>2,864</td><td>18,400</td><td>-</td><td>2,295</td><td>10,839</td><td>2,203</td><td>2,322</td></tr><tr><td>Switzerland</td><td>25,597</td><td>12,121</td><td>1,401</td><td>8,848</td><td>2,004</td><td>1,223</td><td>16,658</td><td>6,909</td><td>1,664</td><td>4,773</td><td>2,888</td><td>424</td></tr><tr><td>U.S. S. R.</td><td>1,379</td><td>21</td><td>288</td><td>948</td><td>80</td><td>42</td><td>1,292</td><td>2</td><td>73</td><td>945</td><td>197</td><td>75</td></tr><tr><td>United Kingdom</td><td>1,379</td><td>21</td><td>288</td><td>948</td><td>80</td><td>42</td><td>1,292</td><td>2</td><td>73</td><td>945</td><td>197</td><td>75</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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><td>-</td><td>-</td></tr><tr><td>Total Europe</td><td>87,990</td><td>32,578</td><td>8,724</td><td>25,847</td><td>14,256</td><td>6,585</td><td>123,868</td><td>75,922</td><td>4,664</td><td>22,905</td><td>11,771</td><td>8,564</td></tr><tr><td>Canada</td><td>39,032</td><td>3,485</td><td>5,890</td><td>5,097</td><td>10,131</td><td>14,469</td><td>60,065</td><td>2,350</td><td>10,877</td><td>4,265</td><td>31,045</td><td>11,588</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>209</td><td>2</td><td>5</td><td>148</td><td>46</td><td>8</td><td>75</td><td>-</td><td>4</td><td>60</td><td>1</td><td>10</td></tr><tr><td>Bolivia</td><td>31</td><td>-</td><td>-</td><td>16</td><td>15</td><td>-</td><td>64</td><td>-</td><td>3</td><td>31</td><td>-</td><td>30</td></tr><tr><td>Brazil</td><td>928</td><td>5</td><td>102</td><td>237</td><td>569</td><td>19</td><td>239</td><td>15</td><td>19</td><td>139</td><td>50</td><td>16</td></tr><tr><td>Chile</td><td>159</td><td>10</td><td>5</td><td>97</td><td>31</td><td>16</td><td>180</td><td>10</td><td>1</td><td>106</td><td>38</td><td>30</td></tr><tr><td>Colombia</td><td>179</td><td>28</td><td>-</td><td>2</td><td>129</td><td>24</td><td>133</td><td>-</td><td>-</td><td>79</td><td>12</td><td>42</td></tr><tr><td>Cuba</td><td>1,291</td><td>124</td><td>216</td><td>677</td><td>214</td><td>60</td><td>611</td><td>11</td><td>14</td><td>211</td><td>117</td><td>19</td></tr><tr><td>Dominican Republic</td><td>12</td><td>-</td><td>-</td><td>1</td><td>1</td><td>10</td><td>22</td><td>15</td><td>-</td><td>10</td><td>89</td><td>-</td></tr><tr><td>Guatemala</td><td>43</td><td>-</td><td>8</td><td>30</td><td>1</td><td>10</td><td>22</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>947</td><td>-</td><td>144</td><td>401</td><td>133</td><td>269</td><td>541</td><td>16</td><td>10</td><td>454</td><td>35</td><td>26</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>98</td><td>2</td><td>15</td><td>78</td><td>2</td><td>1</td><td>6</td><td>-</td><td>-</td><td>-</td><td>3</td><td>3</td></tr><tr><td>Peru</td><td>443</td><td>-</td><td>-</td><td>245</td><td>197</td><td>1</td><td>77</td><td>1</td><td>13</td><td>45</td><td>1</td><td>17</td></tr><tr><td>Republic of Panama</td><td>4,309</td><td>3,517</td><td>15</td><td>547</td><td>28</td><td>217</td><td>4,080</td><td>3,049</td><td>15</td><td>679</td><td>156</td><td>136</td></tr><tr><td>El Salvador</td><td>19</td><td>-</td><td>-</td><td>4</td><td>-</td><td>1</td><td>23</td><td>-</td><td>7</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Uruguay</td><td>1,726</td><td>35</td><td>90</td><td>799</td><td>752</td><td>50</td><td>1,662</td><td>545</td><td>107</td><td>607</td><td>358</td><td>45</td></tr><tr><td>Venezuela</td><td>1,078</td><td>-</td><td>5</td><td>732</td><td>57</td><td>280</td><td>721</td><td>-</td><td>119</td><td>270</td><td>66</td><td>266</td></tr><tr><td>Other Latin America</td><td>1,288</td><td>171</td><td>89</td><td>364</td><td>904</td><td>-</td><td>851</td><td>-</td><td>-</td><td>154</td><td>371</td><td>326</td></tr><tr><td>Total Latin America</td><td>13,001</td><td>202</td><td>4,293</td><td>4,100</td><td>2,538</td><td>1,868</td><td>9,400</td><td>3,662</td><td>304</td><td>3,174</td><td>1,294</td><td>966</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>190</td><td>-</td><td>-</td><td>162</td><td>28</td><td>-</td><td>167</td><td>1</td><td>-</td><td>156</td><td>-</td><td>10</td></tr><tr><td>Formosa</td><td>5</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>35</td><td>-</td><td>-</td><td>33</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>1,041</td><td>75</td><td>99</td><td>273</td><td>502</td><td>92</td><td>686</td><td>-</td><td>-</td><td>674</td><td>3</td><td>9</td></tr><tr><td>India</td><td>2</td><td>-</td><td>-</td><td>2</td><td>8</td><td>2</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>24</td><td>-</td><td>3</td><td>11</td><td>8</td><td>-</td><td>8</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>3</td><td>-</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>Israel</td><td>8</td><td>-</td><td>-</td><td>1</td><td>7</td><td>-</td><td>3,484</td><td>-</td><td>-</td><td>10</td><td>3,473</td><td>1</td></tr><tr><td>Japan</td><td>261</td><td>-</td><td>5</td><td>149</td><td>104</td><td>3</td><td>9</td><td>4</td><td>4</td><td>5</td><td>-</td><td>1</td></tr><tr><td>Philippines</td><td>40</td><td>-</td><td>-</td><td>40</td><td>-</td><td>1</td><td>74</td><td>-</td><td>-</td><td>73</td><td>-</td><td>1</td></tr><tr><td>Thailand</td><td>1</td><td>-</td><td>-</td><td>1</td><td>12</td><td>4</td><td>17</td><td>1</td><td>1</td><td>4</td><td>12</td><td>1</td></tr><tr><td>Turkey</td><td>19</td><td>-</td><td>-</td><td>3</td><td>26</td><td>5</td><td>222</td><td>112</td><td>1</td><td>101</td><td>9</td><td>2</td></tr><tr><td>Other Asia</td><td>232</td><td>-</td><td>-</td><td>201</td><td>687</td><td>106</td><td>4,730</td><td>118</td><td>1</td><td>1,091</td><td>3,497</td><td>24</td></tr><tr><td>Total Asia</td><td>1,826</td><td>75</td><td>107</td><td>851</td><td>687</td><td>106</td><td>4,730</td><td>118</td><td>1</td><td>1,091</td><td>3,497</td><td>24</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>18,539</td><td>4</td><td>-</td><td>11</td><td>18,524</td><td>-</td><td>391</td><td>-</td><td>-</td><td>18</td><td>373</td><td>1</td></tr><tr><td>Belgian Congo</td><td>12</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>13</td><td>11</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>128</td><td>104</td><td>44</td><td>24</td><td>1</td><td>4</td><td>9</td><td>-</td><td>-</td><td>9</td><td>15</td><td>25</td></tr><tr><td>Union of South Africa</td><td>73</td><td>-</td><td>224</td><td>251</td><td>54</td><td>103</td><td>802</td><td>106</td><td>92</td><td>377</td><td>68</td><td>67</td></tr><tr><td>Other</td><td>859</td><td>51</td><td>224</td><td>451</td><td>54</td><td>103</td><td>592</td><td>106</td><td>92</td><td>462</td><td>68</td><td>92</td></tr><tr><td>Total other countries</td><td>19,651</td><td>159</td><td>268</td><td>922</td><td>18,579</td><td>107</td><td>1,643</td><td>106</td><td>99</td><td>879</td><td>467</td><td>92</td></tr><tr><td>International</td><td>630</td><td>100</td><td>348</td><td>161</td><td>21</td><td>-</td><td>2,367</td><td>100</td><td>-</td><td>14</td><td>2,253</td><td>-</td></tr><tr><td>Grand total</td><td>162,114</td><td>36,599</td><td>19,590</td><td>36,578</td><td>46,212</td><td>23,135</td><td>202,031</td><td>82,258</td><td>15,945</td><td>32,328</td><td>50,327</td><td>21,173</td></tr></table>
52
Treasury Bulletin
CAPITAL MOVEMENTS
Section II
A - Preliminary Details for Month of September 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>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>327</td><td>318</td><td>150</td><td>-</td><td>165</td><td>3</td><td>9</td><td>-</td><td>-</td></tr><tr><td>Belgium</td><td>11,146</td><td>10,623</td><td>944</td><td>75</td><td>4,699</td><td>4,945</td><td>523</td><td>499</td><td>21</td><td>3</td></tr><tr><td>Czechoslovakia</td><td>13</td><td>13</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>4,287</td><td>4,216</td><td>38</td><td>-</td><td>203</td><td>3,975</td><td>71</td><td>69</td><td>2</td><td>-</td></tr><tr><td>Finland</td><td>2,262</td><td>2,261</td><td>241</td><td>47</td><td>91</td><td>1,662</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>France</td><td>9,926</td><td>7,848</td><td>1,390</td><td>3,883</td><td>857</td><td>1,718</td><td>2,078</td><td>440</td><td>18</td><td>1,620</td></tr><tr><td>Germany</td><td>33,626</td><td>31,378</td><td>10,292</td><td>4,001</td><td>3,110</td><td>13,975</td><td>2,248</td><td>2,244</td><td>4</td><td>-</td></tr><tr><td>Greece</td><td>359</td><td>359</td><td>17</td><td>-</td><td>307</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>21,675</td><td>21,433</td><td>2,030</td><td>12,630</td><td>2,895</td><td>3,878</td><td>242</td><td>121</td><td>26</td><td>95</td></tr><tr><td>Netherlands</td><td>7,187</td><td>6,450</td><td>645</td><td>242</td><td>3,582</td><td>2,041</td><td>737</td><td>729</td><td>8</td><td>-</td></tr><tr><td>Norway</td><td>1,047</td><td>953</td><td>9</td><td>41</td><td>615</td><td>288</td><td>94</td><td>94</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>495</td><td>423</td><td>-</td><td>15</td><td>401</td><td>7</td><td>72</td><td>72</td><td>-</td><td>-</td></tr><tr><td>Rumania</td><td>5</td><td>2</td><td>-</td><td>-</td><td>2</td><td>3</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>24,101</td><td>22,325</td><td>674</td><td>518</td><td>283</td><td>20,890</td><td>1,776</td><td>1,776</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>2,186</td><td>1,968</td><td>52</td><td>63</td><td>1,413</td><td>440</td><td>218</td><td>205</td><td>13</td><td>-</td></tr><tr><td>Switzerland</td><td>12,385</td><td>7,695</td><td>1,692</td><td>3,892</td><td>2,035</td><td>156</td><td>4,690</td><td>4,621</td><td>16</td><td>53</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>33,887</td><td>7,478</td><td>1,307</td><td>2,946</td><td>2,781</td><td>444</td><td>26,379</td><td>25,055</td><td>1,075</td><td>249</td></tr><tr><td>Yugoslavia</td><td>4,248</td><td>4,246</td><td>4,177</td><td>10</td><td>515</td><td>665</td><td>166</td><td>2</td><td>1</td><td>-</td></tr><tr><td>Other Europe</td><td>6,615</td><td>6,449</td><td>762</td><td>4,307</td><td>712</td><td>-</td><td>166</td><td>165</td><td>-</td><td>-</td></tr><tr><td>Total Europe</td><td>175,777</td><td>136,468</td><td>24,380</td><td>32,665</td><td>24,156</td><td>55,267</td><td>39,309</td><td>36,105</td><td>1,184</td><td>2,020</td></tr><tr><td>Canada</td><td>56,737</td><td>25,659</td><td>5,113</td><td>5,247</td><td>5,367</td><td>9,932</td><td>31,078</td><td>24,671</td><td>2,210</td><td>4,197</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>7,477</td><td>7,435</td><td>892</td><td>1,277</td><td>5,266</td><td>-</td><td>42</td><td>41</td><td>1</td><td>-</td></tr><tr><td>Bolivia</td><td>13,209</td><td>13,208</td><td>11,301</td><td>116</td><td>1,770</td><td>21</td><td>1</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Brazil</td><td>274,739</td><td>274,435</td><td>27,107</td><td>19,568</td><td>157,924</td><td>69,836</td><td>304</td><td>47</td><td>217</td><td>40</td></tr><tr><td>Chile</td><td>7,459</td><td>7,458</td><td>50</td><td>1,094</td><td>4,856</td><td>1,498</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>47,428</td><td>47,411</td><td>7,014</td><td>4,427</td><td>20,232</td><td>15,738</td><td>17</td><td>5</td><td>12</td><td>-</td></tr><tr><td>Cuba</td><td>21,632</td><td>21,312</td><td>138</td><td>3,555</td><td>8,773</td><td>8,753</td><td>313</td><td>298</td><td>15</td><td>-</td></tr><tr><td>Dominican Republic</td><td>1,136</td><td>1,136</td><td>-</td><td>272</td><td>1,164</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>3,526</td><td>3,292</td><td>1,024</td><td>96</td><td>2,300</td><td>132</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>79,300</td><td>76,747</td><td>17,308</td><td>16,640</td><td>8,058</td><td>34,741</td><td>2,553</td><td>1,488</td><td>52</td><td>1,013</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>1,836</td><td>1,467</td><td>2</td><td>149</td><td>1,316</td><td>-</td><td>369</td><td>357</td><td>12</td><td>-</td></tr><tr><td>Peru</td><td>16,782</td><td>16,695</td><td>556</td><td>182</td><td>9,601</td><td>6,346</td><td>87</td><td>60</td><td>27</td><td>-</td></tr><tr><td>Republic of Panama</td><td>5,795</td><td>5,793</td><td>23</td><td>3,509</td><td>1,356</td><td>905</td><td>2</td><td>1</td><td>1</td><td>-</td></tr><tr><td>El Salvador</td><td>4,777</td><td>4,777</td><td>9</td><td>235</td><td>1,716</td><td>2,817</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,469</td><td>3,107</td><td>216</td><td>306</td><td>1,355</td><td>1,30</td><td>322</td><td>322</td><td>-</td><td>-</td></tr><tr><td>Vanuatu</td><td>36,311</td><td>34,537</td><td>3,605</td><td>7,588</td><td>19,228</td><td>4,176</td><td>1,774</td><td>427</td><td>7</td><td>1,340</td></tr><tr><td>Other Latin America</td><td>16,654</td><td>16,013</td><td>935</td><td>2,089</td><td>11,944</td><td>1,105</td><td>41</td><td>31</td><td>10</td><td>-</td></tr><tr><td>Total Latin America</td><td>541,516</td><td>535,690</td><td>70,880</td><td>61,453</td><td>237,159</td><td>146,198</td><td>5,826</td><td>3,078</td><td>343</td><td>2,405</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>3,083</td><td>3,079</td><td>3,063</td><td>6</td><td>8</td><td>2</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,421</td><td>5,421</td><td>5,418</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,913</td><td>2,853</td><td>913</td><td>277</td><td>1,668</td><td>-</td><td>55</td><td>55</td><td>-</td><td>-</td></tr><tr><td>India</td><td>2,936</td><td>2,686</td><td>425</td><td>-</td><td>2,261</td><td>-</td><td>250</td><td>241</td><td>9</td><td>-</td></tr><tr><td>Indonesia</td><td>1,115</td><td>1,115</td><td>1</td><td>7</td><td>1,107</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>13,041</td><td>13,038</td><td>122</td><td>6</td><td>12,880</td><td>-</td><td>3</td><td>1</td><td>3</td><td>-</td></tr><tr><td>Izrael</td><td>24,362</td><td>24,361</td><td>10,514</td><td>1,237</td><td>3,192</td><td>9,118</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>20,483</td><td>20,479</td><td>6,104</td><td>4,302</td><td>8,817</td><td>696</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>9,404</td><td>9,355</td><td>6,868</td><td>140</td><td>2,347</td><td>-</td><td>49</td><td>30</td><td>19</td><td>-</td></tr><tr><td>Thailand</td><td>5,865</td><td>5,865</td><td>4,045</td><td>-</td><td>1,820</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>960</td><td>955</td><td>294</td><td>15</td><td>646</td><td>-</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>16,685</td><td>16,556</td><td>13,405</td><td>329</td><td>2,787</td><td>35</td><td>129</td><td>129</td><td>-</td><td>-</td></tr><tr><td>Total Asia</td><td>106,268</td><td>105,768</td><td>51,162</td><td>7,222</td><td>37,533</td><td>9,851</td><td>500</td><td>469</td><td>31</td><td>4</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>6,978</td><td>5,956</td><td>12</td><td>46</td><td>3,372</td><td>2,526</td><td>1,022</td><td>631</td><td>73</td><td>318</td></tr><tr><td>Belgian Congo</td><td>5,720</td><td>5,687</td><td>8</td><td>25</td><td>4,807</td><td>847</td><td>33</td><td>33</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>139</td><td>122</td><td>25</td><td>-</td><td>87</td><td>10</td><td>17</td><td>15</td><td>2</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,275</td><td>2,266</td><td>27</td><td>8</td><td>2,048</td><td>179</td><td>13</td><td>5</td><td>1</td><td>7</td></tr><tr><td>Other</td><td>4,983</td><td>4,842</td><td>927</td><td>381</td><td>3,237</td><td>297</td><td>141</td><td>114</td><td>27</td><td>-</td></tr><tr><td>Total other countries</td><td>20,095</td><td>18,869</td><td>999</td><td>460</td><td>13,551</td><td>3,899</td><td>1,226</td><td>798</td><td>103</td><td>325</td></tr><tr><td>International</td><td>163</td><td>163</td><td>163</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>900,556</td><td>822,617</td><td>152,697</td><td>107,047</td><td>337,766</td><td>225,107</td><td>77,939</td><td>65,121</td><td>3,871</td><td>8,947</td></tr></table>
December 1955
53
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of September 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>161,124</td><td>159,788</td><td>99,782</td><td>3,200</td><td>56,806</td><td>1,336</td><td>1,334</td><td>2</td><td>2</td><td>434</td><td>427</td><td>7</td></tr><tr><td>Belgium</td><td>146,456</td><td>87,469</td><td>57,805</td><td>3,032</td><td>26,632</td><td>58,553</td><td>42,591</td><td>3,062</td><td>12,900</td><td></td><td></td><td></td></tr><tr><td>Czechoslovakia</td><td>1,375</td><td>1,014</td><td>1,014</td><td></td><td>1,026</td><td>361</td><td>361</td><td>1,553</td><td></td><td>25</td><td>25</td><td></td></tr><tr><td>Denmark</td><td>81,667</td><td>71,990</td><td>14,439</td><td>56,125</td><td>1,026</td><td>10,052</td><td>7,525</td><td>974</td><td>1,553</td><td></td><td></td><td></td></tr><tr><td>Finland</td><td>30,725</td><td>28,966</td><td>22,259</td><td></td><td>6,707</td><td>1,759</td><td>1,753</td><td>6</td><td></td><td></td><td></td><td></td></tr><tr><td>France</td><td>376,551</td><td>311,521</td><td>168,085</td><td>130,921</td><td>12,517</td><td>62,772</td><td>54,197</td><td>5,569</td><td>3,006</td><td>2,256</td><td>2,233</td><td>23</td></tr><tr><td>Germany</td><td>793,679</td><td>790,660</td><td>288,733</td><td>445,000</td><td>56,927</td><td>2,685</td><td>2,682</td><td>35</td><td>8</td><td>134</td><td>120</td><td>14</td></tr><tr><td>Greece</td><td>77,950</td><td>68,918</td><td>30,807</td><td>38,001</td><td>111</td><td>8,932</td><td>6,939</td><td>1,993</td><td>68</td><td></td><td></td><td></td></tr><tr><td>Italy</td><td>365,164</td><td>333,986</td><td>118,904</td><td>184,951</td><td>30,231</td><td>31,137</td><td>20,227</td><td>10,208</td><td>702</td><td>41</td><td>41</td><td></td></tr><tr><td>Netherlands</td><td>230,722</td><td>201,496</td><td>69,954</td><td>121,630</td><td>9,912</td><td>29,224</td><td>26,016</td><td>3,128</td><td>80</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Norway</td><td>113,667</td><td>84,472</td><td>23,668</td><td>59,379</td><td>1,425</td><td>29,193</td><td>22,135</td><td>2,618</td><td>4,440</td><td></td><td></td><td></td></tr><tr><td>Poland</td><td>3,395</td><td>3,032</td><td>3,023</td><td>48</td><td>9</td><td>363</td><td>363</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Portugal</td><td>66,730</td><td>43,625</td><td>42,818</td><td>48</td><td>759</td><td>23,105</td><td>22,843</td><td>3</td><td>259</td><td></td><td></td><td></td></tr><tr><td>Romania</td><td>5,303</td><td>4,420</td><td>4,420</td><td></td><td></td><td>1,374</td><td>1,374</td><td></td><td>9</td><td>9</td><td></td><td>9</td></tr><tr><td>Spain</td><td>23,401</td><td>12,983</td><td>12,609</td><td></td><td>374</td><td>10,387</td><td>10,219</td><td>164</td><td>4</td><td>31</td><td>31</td><td></td></tr><tr><td>Sweden</td><td>103,492</td><td>96,045</td><td>48,554</td><td>22,250</td><td>25,241</td><td>7,395</td><td>6,760</td><td>635</td><td></td><td>52</td><td>52</td><td></td></tr><tr><td>Switzerland</td><td>666,368</td><td>539,370</td><td>257,686</td><td>128,315</td><td>153,369</td><td>124,298</td><td>95,053</td><td>13,104</td><td>16,141</td><td>2,700</td><td>2,647</td><td>53</td></tr><tr><td>U.S.S.R.</td><td>8,372</td><td>8,596</td><td>7,946</td><td>258,364</td><td>10</td><td>316</td><td>316</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>United Kingdom</td><td>900,826</td><td>595,333</td><td>327,048</td><td>9,951</td><td>280,728</td><td>142,999</td><td>137,206</td><td>557</td><td>24,711</td><td>24,486</td><td>225</td><td></td></tr><tr><td>Yugoslavia</td><td>7,448</td><td>6,822</td><td>5,947</td><td>7,797</td><td>875</td><td>666</td><td>666</td><td>717</td><td></td><td>54</td><td>54</td><td></td></tr><tr><td>Other Europe</td><td>51,031</td><td>38,812</td><td>29,797</td><td>7,797</td><td>1,218</td><td>12,165</td><td>10,843</td><td>605</td><td></td><td></td><td></td><td></td></tr><tr><td>Total Europe</td><td>4,215,746</td><td>3,488,340</td><td>1,635,298</td><td>1,458,912</td><td>394,130</td><td>696,955</td><td>477,276</td><td>179,242</td><td>40,437</td><td>30,451</td><td>30,118</td><td>333</td></tr><tr><td>Canada</td><td>1,195,066</td><td>956,924</td><td>279,469</td><td>657,644</td><td>19,811</td><td>230,036</td><td>170,874</td><td>58,408</td><td>804</td><td>8,056</td><td>7,705</td><td>351</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>146,640</td><td>104,392</td><td>102,135</td><td>4,599</td><td>1,798</td><td>42,209</td><td>42,084</td><td>125</td><td>39</td><td>27</td><td>12</td></tr><tr><td>Bolivia</td><td>20,318</td><td>7,385</td><td>7,384</td><td></td><td>1</td><td>12,933</td><td>12,788</td><td>43</td><td>102</td><td>1</td><td>1</td><td></td></tr><tr><td>Brazil</td><td>164,437</td><td>122,250</td><td>105,766</td><td></td><td>16,484</td><td>42,186</td><td>41,888</td><td>20</td><td>278</td><td>5</td><td>5</td><td></td></tr><tr><td>Chile</td><td>69,203</td><td>60,215</td><td>60,215</td><td></td><td>86</td><td>31,553</td><td>31,419</td><td>158</td><td>6</td><td>7</td><td>7</td><td></td></tr><tr><td>Colombia</td><td>115,577</td><td>84,096</td><td>83,285</td><td></td><td>811</td><td>61,476</td><td>61,190</td><td>273</td><td>11</td><td>11</td><td></td><td></td></tr><tr><td>Cuba</td><td>389,001</td><td>319,430</td><td>104,443</td><td>214,000</td><td>1,037</td><td>59,310</td><td>57,048</td><td>436</td><td>826</td><td>211</td><td></td><td>211</td></tr><tr><td>Dominican Republic</td><td>45,047</td><td>24,708</td><td>24,562</td><td></td><td>146</td><td>20,339</td><td>16,344</td><td>45</td><td>3,950</td><td></td><td></td><td></td></tr><tr><td>Guatemala</td><td>36,408</td><td>18,039</td><td>14,675</td><td>2,200</td><td>1,164</td><td>18,369</td><td>18,102</td><td>265</td><td>2</td><td>294</td><td>95</td><td>199</td></tr><tr><td>Mexico</td><td>170,322</td><td>78,606</td><td>77,605</td><td></td><td>1,001</td><td>91,422</td><td>86,029</td><td>5,353</td><td>40</td><td></td><td></td><td></td></tr><tr><td>Netherlands West Indies and Surinam</td><td>43,604</td><td>34,964</td><td>20,393</td><td>11,445</td><td>3,126</td><td>8,640</td><td>8,513</td><td>50</td><td>77</td><td></td><td></td><td></td></tr><tr><td>Peru</td><td>59,244</td><td>20,066</td><td>19,912</td><td></td><td>154</td><td>39,171</td><td>34,892</td><td>145</td><td>4,174</td><td>7</td><td>7</td><td></td></tr><tr><td>Republic of Panama</td><td>99,434</td><td>48,261</td><td>47,994</td><td></td><td>367</td><td>51,004</td><td>37,651</td><td>7,395</td><td>5,957</td><td>169</td><td></td><td>169</td></tr><tr><td>El Salvador</td><td>33,678</td><td>22,069</td><td>7,366</td><td>16,700</td><td>3</td><td>11,609</td><td>11,585</td><td>24</td><td></td><td>34</td><td>11</td><td>23</td></tr><tr><td>Uruguay</td><td>89,302</td><td>36,567</td><td>28,484</td><td></td><td>8,103</td><td>31,476</td><td>31,190</td><td>205</td><td>8,164</td><td>1,374</td><td>1,351</td><td>23</td></tr><tr><td>Venezuela</td><td>197,799</td><td>131,667</td><td>128,194</td><td>400</td><td>3,083</td><td>64,758</td><td>59,384</td><td>4,815</td><td>559</td><td>309</td><td>309</td><td></td></tr><tr><td>Other Latin America</td><td>131,736</td><td>90,831</td><td>64,541</td><td>12,592</td><td>13,698</td><td>40,596</td><td>33,348</td><td>7,217</td><td>31</td><td></td><td></td><td></td></tr><tr><td>Total Latin America</td><td>1,834,376</td><td>1,203,916</td><td>895,098</td><td>257,796</td><td>51,022</td><td>628,010</td><td>576,263</td><td>27,570</td><td>24,177</td><td>2,450</td><td>1,806</td><td>644</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>36,693</td><td>28,739</td><td>28,145</td><td>342</td><td>252</td><td>7,954</td><td>7,952</td><td>2</td><td></td><td></td><td></td><td></td></tr><tr><td>Formosa</td><td>39,223</td><td>34,137</td><td>33,180</td><td>955</td><td>2</td><td>5,086</td><td>5,084</td><td></td><td>2</td><td></td><td></td><td></td></tr><tr><td>Hong Kong</td><td>68,816</td><td>27,052</td><td>26,173</td><td>450</td><td>429</td><td>41,696</td><td>40,853</td><td>732</td><td>111</td><td>68</td><td>68</td><td></td></tr><tr><td>India</td><td>92,702</td><td>89,075</td><td>31,886</td><td>54,920</td><td>2,269</td><td>3,338</td><td>3,335</td><td>3</td><td>289</td><td>289</td><td></td><td></td></tr><tr><td>Indonesia</td><td>35,091</td><td>33,977</td><td>26,401</td><td>7,060</td><td>516</td><td>1,114</td><td>1,114</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Iran</td><td>30,972</td><td>21,343</td><td>21,463</td><td></td><td>80</td><td>9,429</td><td>9,429</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Israel</td><td>19,463</td><td>16,609</td><td>16,658</td><td></td><td>41</td><td>2,854</td><td>2,854</td><td></td><td>21</td><td>7</td><td>7</td><td></td></tr><tr><td>Japan</td><td>93,240</td><td>916,391</td><td>877,199</td><td>35,631</td><td>3,571</td><td>15,948</td><td>15,921</td><td>50</td><td></td><td>61</td><td>61</td><td></td></tr><tr><td>Philippines</td><td>308,827</td><td>288,682</td><td>267,684</td><td>10,030</td><td>11,168</td><td>20,098</td><td>20,094</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Thailand</td><td>191,339</td><td>187,694</td><td>11,901</td><td>175,423</td><td>370</td><td>3,644</td><td>3,644</td><td></td><td>2</td><td></td><td></td><td></td></tr><tr><td>Turkey</td><td>14,187</td><td>10,475</td><td>10,389</td><td></td><td>86</td><td>3,712</td><td>3,698</td><td>12</td><td></td><td></td><td></td><td></td></tr><tr><td>Other Asia</td><td>231,583</td><td>194,792</td><td>133,509</td><td>52,435</td><td>8,848</td><td>36,595</td><td>35,553</td><td>331</td><td>701</td><td>206</td><td>206</td><td></td></tr><tr><td>Total Asia</td><td>2,001,135</td><td>1,849,166</td><td>1,484,298</td><td>337,236</td><td>27,632</td><td>151,338</td><td>149,371</td><td>1,130</td><td>837</td><td>631</td><td>631</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>54,042</td><td>50,649</td><td>17,569</td><td>32,350</td><td>773</td><td>2,947</td><td>2,931</td><td>2</td><td>16</td><td>446</td><td>446</td><td></td></tr><tr><td>Belgian Congo</td><td>116,841</td><td>115,684</td><td>17,953</td><td>75,790</td><td>21,881</td><td>1,217</td><td>1,957</td><td></td><td>358</td><td></td><td></td><td></td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>43,942</td><td>41,083</td><td>26,783</td><td>14,000</td><td>300</td><td>2,859</td><td>2,828</td><td>30</td><td>1</td><td>298</td><td>32</td><td></td></tr><tr><td>Union of South Africa</td><td>38,902</td><td>35,644</td><td>11,497</td><td>24,100</td><td>47</td><td>2,928</td><td>2,921</td><td>6</td><td>1</td><td>537</td><td>536</td><td>1</td></tr><tr><td>Other</td><td>99,433</td><td>78,137</td><td>97,946</td><td>3,450</td><td>10,741</td><td>26,761</td><td>22,461</td><td>1,241</td><td>3,059</td><td></td><td></td><td></td></tr><tr><td>Total other countries</td><td>353,162</td><td>315,137</td><td>111,705</td><td>149,690</td><td>33,742</td><td>36,712</td><td>31,998</td><td>1,279</td><td>3,435</td><td>1,313</td><td>1,280</td><td>33</td></tr><tr><td>International</td><td>1,795,994</td><td>1,795,998</td><td>89,390</td><td>1,660,449</td><td>46,159</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Grand total</td><td>11,395,483</td><td>9,609,841</td><td>4,515,259</td><td>4,521,727</td><td>572,496</td><td>1,743,101</td><td>1,405,782</td><td>267,629</td><td>69,690</td><td>42,901</td><td>41,940</td><td>1,361</td></tr></table>
54
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of September 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th></th><th>Total purchases</th><th colspan="3">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="3">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>28</td><td>16</td><td>-</td><td>4</td><td>8</td><td>-</td><td>4</td><td>-</td><td>-</td><td>4</td><td>-</td><td>185</td></tr><tr><td>Belgium</td><td>5,892</td><td>2,128</td><td>379</td><td>465</td><td>2,497</td><td>383</td><td>6,207</td><td>2,106</td><td>936</td><td>618</td><td>2,361</td><td>2,361</td></tr><tr><td>Czechoslovakia</td><td>312</td><td>10</td><td>25</td><td>92</td><td>121</td><td>64</td><td>124</td><td>25</td><td>18</td><td>81</td><td>35</td><td>112</td></tr><tr><td>Denmark</td><td>84</td><td>-</td><td>-</td><td>-</td><td>84</td><td>-</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>499</td></tr><tr><td>France</td><td>5,972</td><td>445</td><td>328</td><td>1,924</td><td>622</td><td>2,653</td><td>3,323</td><td>464</td><td>218</td><td>1,279</td><td>923</td><td>112</td></tr><tr><td>Germany</td><td>206</td><td>-</td><td>15</td><td>39</td><td>1</td><td>151</td><td>166</td><td>8</td><td>1</td><td>32</td><td>13</td><td>112</td></tr><tr><td>Greece</td><td>12</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>1</td><td>-</td><td>6</td></tr><tr><td>Italy</td><td>289</td><td>85</td><td>3</td><td>118</td><td>49</td><td>34</td><td>1,257</td><td>120</td><td>10</td><td>95</td><td>1,026</td><td>757</td></tr><tr><td>Netherlands</td><td>4,151</td><td>230</td><td>1,285</td><td>1,660</td><td>194</td><td>762</td><td>4,620</td><td>51</td><td>226</td><td>2,707</td><td>879</td><td>757</td></tr><tr><td>Norway</td><td>1,128</td><td>172</td><td>134</td><td>231</td><td>580</td><td>11</td><td>537</td><td>95</td><td>11</td><td>266</td><td>142</td><td>23</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><td>-</td><td>25</td></tr><tr><td>Portugal</td><td>691</td><td>-</td><td>498</td><td>10</td><td>53</td><td>130</td><td>111</td><td>5</td><td>-</td><td>27</td><td>54</td><td>25</td></tr><tr><td>Romania</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>501</td><td>312</td><td>18</td><td>140</td><td>27</td><td>4</td><td>477</td><td>311</td><td>-</td><td>112</td><td>52</td><td>2</td></tr><tr><td>Sweden</td><td>438</td><td>-</td><td>410</td><td>22</td><td>6</td><td>-</td><td>60</td><td>2</td><td>-</td><td>29</td><td>24</td><td>675</td></tr><tr><td>Switzerland</td><td>33,187</td><td>3,413</td><td>7,482</td><td>15,503</td><td>3,537</td><td>3,247</td><td>18,385</td><td>3,745</td><td>1,921</td><td>11,100</td><td>944</td><td>675</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>748</td></tr><tr><td>United Kingdom</td><td>28,641</td><td>16,205</td><td>1,313</td><td>6,440</td><td>3,145</td><td>1,538</td><td>26,236</td><td>16,403</td><td>1,005</td><td>3,947</td><td>4,133</td><td>20</td></tr><tr><td>Yugoslavia</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>20</td></tr><tr><td>Other Europe</td><td>514</td><td>16</td><td>67</td><td>269</td><td>134</td><td>28</td><td>305</td><td>14</td><td>27</td><td>241</td><td>3</td><td>20</td></tr><tr><td>Total Europe</td><td>82,009</td><td>23,032</td><td>11,997</td><td>26,957</td><td>11,058</td><td>9,005</td><td>61,856</td><td>23,350</td><td>4,382</td><td>20,539</td><td>10,590</td><td>2,995</td></tr><tr><td>Canada</td><td>46,048</td><td>1,293</td><td>17,134</td><td>5,895</td><td>8,342</td><td>13,384</td><td>88,496</td><td>56,965</td><td>9,995</td><td>5,302</td><td>3,903</td><td>12,691</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>608</td><td>-</td><td>29</td><td>287</td><td>273</td><td>19</td><td>178</td><td>7</td><td>137</td><td>4</td><td>30</td><td>30</td></tr><tr><td>Bolivia</td><td>21</td><td>4</td><td>-</td><td>10</td><td>7</td><td>47</td><td>26</td><td>-</td><td>4</td><td>142</td><td>10</td><td>19</td></tr><tr><td>Brazil</td><td>781</td><td>5</td><td>19</td><td>256</td><td>494</td><td>28</td><td>178</td><td>5</td><td>1</td><td>123</td><td>6</td><td>49</td></tr><tr><td>Chile</td><td>581</td><td>-</td><td>1</td><td>275</td><td>277</td><td>3</td><td>80</td><td>-</td><td>18</td><td>62</td><td>-</td><td>83</td></tr><tr><td>Colombia</td><td>100</td><td>-</td><td>-</td><td>42</td><td>55</td><td>-</td><td>80</td><td>3</td><td>99</td><td>875</td><td>202</td><td>82</td></tr><tr><td>Cuba</td><td>1,792</td><td>20</td><td>365</td><td>699</td><td>546</td><td>162</td><td>1,262</td><td>3</td><td>99</td><td>875</td><td>202</td><td>83</td></tr><tr><td>Dominican Republic</td><td>117</td><td>-</td><td>-</td><td>66</td><td>7</td><td>51</td><td>24</td><td>-</td><td>30</td><td>24</td><td>-</td><td>1</td></tr><tr><td>Guatemala</td><td>86</td><td>-</td><td>4</td><td>82</td><td>-</td><td>-</td><td>2,023</td><td>2,000</td><td>-</td><td>23</td><td>11</td><td>1</td></tr><tr><td>Mexico</td><td>1,848</td><td>10</td><td>76</td><td>1,176</td><td>148</td><td>438</td><td>888</td><td>10</td><td>14</td><td>749</td><td>33</td><td>82</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>167</td><td>1</td><td>102</td><td>35</td><td>1</td><td>28</td><td>25</td><td>-</td><td>-</td><td>22</td><td>2</td><td>1</td></tr><tr><td>Peru</td><td>101</td><td>25</td><td>-</td><td>51</td><td>13</td><td>12</td><td>76</td><td>25</td><td>-</td><td>39</td><td>11</td><td>21</td></tr><tr><td>Republic of Panama</td><td>2,399</td><td>2,028</td><td>7</td><td>164</td><td>24</td><td>176</td><td>2,338</td><td>2,001</td><td>-</td><td>285</td><td>31</td><td>21</td></tr><tr><td>El Salvador</td><td>13</td><td>-</td><td>-</td><td>6</td><td>7</td><td>-</td><td>4</td><td>-</td><td>-</td><td>4</td><td>-</td><td>121</td></tr><tr><td>Uruguay</td><td>1,826</td><td>-</td><td>104</td><td>1,166</td><td>448</td><td>108</td><td>1,620</td><td>650</td><td>202</td><td>440</td><td>207</td><td>98</td></tr><tr><td>Venezuela</td><td>1,179</td><td>152</td><td>913</td><td>85</td><td>29</td><td>100</td><td>599</td><td>100</td><td>48</td><td>352</td><td>1</td><td>8</td></tr><tr><td>Other Latin America</td><td>765</td><td>500</td><td>187</td><td>9</td><td>59</td><td>5</td><td>179</td><td>5</td><td>12</td><td>143</td><td>11</td><td>8</td></tr><tr><td>Total Latin America</td><td>12,384</td><td>2,741</td><td>721</td><td>5,415</td><td>2,347</td><td>1,160</td><td>9,711</td><td>4,806</td><td>384</td><td>3,338</td><td>626</td><td>513</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>47</td><td>-</td><td>38</td><td>7</td><td>2</td><td>32</td><td>32</td><td>-</td><td>18</td><td>14</td><td>-</td><td>25</td></tr><tr><td>Formosa</td><td>532</td><td>300</td><td>323</td><td>140</td><td>15</td><td>1,066</td><td>250</td><td>-</td><td>791</td><td>-</td><td>25</td><td>2</td></tr><tr><td>Bong Kong</td><td>983</td><td>255</td><td>4</td><td>569</td><td>10</td><td>1</td><td>4</td><td>-</td><td>2</td><td>2</td><td>-</td><td>1</td></tr><tr><td>India</td><td>14</td><td>-</td><td>8</td><td>9</td><td>1</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Indonesia</td><td>18</td><td>-</td><td>2</td><td>3</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>13</td></tr><tr><td>Iran</td><td>6</td><td>-</td><td>4</td><td>3</td><td>1</td><td>1,578</td><td>1,568</td><td>-</td><td>10</td><td>1</td><td>13</td><td>3</td></tr><tr><td>Israel</td><td>4</td><td>-</td><td>18</td><td>531</td><td>212</td><td>29</td><td>29</td><td>-</td><td>15</td><td>17</td><td>-</td><td>1</td></tr><tr><td>Japan</td><td>761</td><td>10</td><td>44</td><td>8</td><td>102</td><td>-</td><td>-</td><td>-</td><td>99</td><td>-</td><td>1</td><td>1</td></tr><tr><td>Philippines</td><td>62</td><td>-</td><td>1</td><td>26</td><td>-</td><td>27</td><td>10</td><td>-</td><td>10</td><td>17</td><td>-</td><td>1</td></tr><tr><td>Thailand</td><td>1</td><td>-</td><td>8</td><td>7</td><td>-</td><td>83</td><td>10</td><td>-</td><td>73</td><td>-</td><td>1</td><td>1</td></tr><tr><td>Turkey</td><td>34</td><td>14</td><td>38</td><td>152</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Other Asia</td><td>211</td><td>-</td><td>-</td><td>1,090</td><td>741</td><td>231</td><td>2,921</td><td>260</td><td>-</td><td>1,018</td><td>1,602</td><td>41</td></tr><tr><td>Total Asia</td><td>2,673</td><td>279</td><td>342</td><td>1,090</td><td>741</td><td>231</td><td>2,921</td><td>260</td><td>-</td><td>1,018</td><td>1,602</td><td>41</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>699</td><td>-</td><td>5</td><td>39</td><td>604</td><td>11</td><td>27</td><td>-</td><td>26</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Belgian Congo</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>61</td><td>15</td><td>108</td><td>30</td><td>28</td><td>4</td><td>4</td><td>-</td><td>7</td><td>79</td><td>2</td><td>4</td></tr><tr><td>Union of South Africa</td><td>1,502</td><td>350</td><td>213</td><td>728</td><td>60</td><td>151</td><td>568</td><td>20</td><td>7</td><td>396</td><td>124</td><td>28</td></tr><tr><td>Other</td><td>1,502</td><td>350</td><td>213</td><td>728</td><td>60</td><td>151</td><td>568</td><td>20</td><td>7</td><td>396</td><td>124</td><td>28</td></tr><tr><td>Total other countries</td><td>2,348</td><td>365</td><td>326</td><td>802</td><td>693</td><td>162</td><td>691</td><td>20</td><td>7</td><td>501</td><td>131</td><td>32</td></tr><tr><td>International</td><td>15,954</td><td>15,391</td><td>293</td><td>264</td><td>6</td><td>-</td><td>30,017</td><td>30,000</td><td>-</td><td>17</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>161,416</td><td>43,101</td><td>30,773</td><td>40,423</td><td>23,187</td><td>23,942</td><td>193,652</td><td>115,401</td><td>14,368</td><td>30,759</td><td>16,852</td><td>16,272</td></tr></table>
55
December 1953
CUMULATIVE TABLE OF CONTENTS
January 1953 through December 1953
<table><tr><th rowspan="2">Article:</th><th colspan="12">Issue and page number</th></tr><tr><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>Treasury financing operations.</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations.</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal source.</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures by major classifications.</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures for national defense and related activities.</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Expenditures for international finance and aid.</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>"Other" expenditures.</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>4</td><td>4</td><td>4</td><td>1</td></tr><tr><td>Summary of budget results by months and years.</td><td>...</td><td>6</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 receipts and deductions by months and years.</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>Social Security Act.</td><td>6</td><td>15</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>...</td><td>...</td><td>5</td><td>...</td></tr><tr><td>Railroad Retirement Act.</td><td>7</td><td>16</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>...</td><td>...</td><td>6</td><td>...</td></tr><tr><td>Railroad Unemployment Insurance Act.</td><td>7</td><td>16</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>...</td><td>...</td><td>6</td><td>...</td></tr><tr><td>Trust account and other transactions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of trust account and other transactions.</td><td>8</td><td>17</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><td>5</td></tr><tr><td>Trust account receipts.</td><td>8</td><td>17</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>5</td><td>5</td><td>7</td><td>5</td></tr><tr><td>Trust account expenditures other than net investments.</td><td>9</td><td>18</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>6</td><td>6</td><td>8</td><td>6</td></tr><tr><td>Net investments of Government agencies in public debt securities.</td><td>9</td><td>18</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>6</td><td>6</td><td>8</td><td>6</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund.</td><td>10</td><td>19</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>...</td><td>...</td><td>9</td><td>...</td></tr><tr><td>Railroad Retirement Account.</td><td>11</td><td>20</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>...</td><td>...</td><td>10</td><td>...</td></tr><tr><td>Unemployment Trust Fund.</td><td>11</td><td>20</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>...</td><td>...</td><td>10</td><td>...</td></tr><tr><td>National Service Life Insurance Fund.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Treasury cash income and outgo:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of cash transactions.</td><td>12</td><td>21</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><td>7</td></tr><tr><td>Derivation of cash budget receipts.</td><td>12</td><td>21</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>7</td><td>7</td><td>11</td><td>7</td></tr><tr><td>Derivation of cash budget expenditures.</td><td>13</td><td>22</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>8</td><td>8</td><td>12</td><td>8</td></tr><tr><td>Derivation of cash fund account transactions.</td><td>13</td><td>22</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>8</td><td>8</td><td>12</td><td>8</td></tr><tr><td>Derivation of cash borrowing or repayment of borrowing.</td><td>14</td><td>23</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>9</td><td>9</td><td>13</td><td>9</td></tr><tr><td>Cash operating income and outgo by months.</td><td>14</td><td>23</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>...</td><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></tr><tr><td>Summary of Federal securities.</td><td>16</td><td>25</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>10</td><td>10</td><td>14</td><td>10</td></tr><tr><td>Net change in Federal securities.</td><td>16</td><td>25</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>...</td><td>...</td><td>14</td><td>...</td></tr><tr><td>Interest-bearing public debt.</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>...</td><td>...</td><td>18</td><td>10</td></tr><tr><td>Net change in interest-bearing public debt.</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>...</td><td>...</td><td>18</td><td>...</td></tr><tr><td>Special issues to U. S. Government Investment accounts.</td><td>18</td><td>27</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>11</td><td>11</td><td>15</td><td>11</td></tr><tr><td>Computed interest charge and computed interest rate on Federal securities.</td><td>18</td><td>27</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>11</td><td>11</td><td>15</td><td>11</td></tr><tr><td>Treasury holdings of securities issued by Government corporations and other agencies.</td><td>19</td><td>28</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>12</td><td>12</td><td>16</td><td>12</td></tr><tr><td>Status of the general fund of the Treasury.</td><td>15</td><td>24</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>12</td><td>12</td><td>16</td><td>12</td></tr><tr><td>Public debt and guaranteed securities outstanding by months.</td><td>20</td><td>29</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>General fund balance by months.</td><td>15</td><td>24</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>...</td><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></tr><tr><td>Status under limitation.</td><td>21</td><td>30</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>13</td><td>13</td><td>17</td><td>13</td></tr><tr><td>Application of limitation to public debt and guaranteed securities outstanding.</td><td>21</td><td>30</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>21</td><td>13</td><td>13</td><td>17</td><td>13</td></tr><tr><td>Debt operations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities issued by the U. S. Government.</td><td>22</td><td>31</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><td>14</td></tr><tr><td>Offerings of Treasury bills.</td><td>24</td><td>33</td><td>24</td><td>24</td><td>24</td><td>24</td><td>24</td><td>24</td><td>16</td><td>16</td><td>20</td><td>16</td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness.</td><td>25</td><td>34</td><td>25</td><td>25</td><td>25</td><td>25</td><td>25</td><td>25</td><td>17</td><td>17</td><td>21</td><td>17</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness.</td><td>26</td><td>35</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>18</td><td>18</td><td>22</td><td>18</td></tr></table>
(Continued on following page)
56
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
January 1953 through December 1953 - (Continued)
<table><tr><th rowspan="2"></th><th colspan="12">Issue and page number 1953</th></tr><tr><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>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series</td><td>27</td><td>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><td>19</td></tr><tr><td>Sales and redemptions by periods, all series combined</td><td>29</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><td>19</td></tr><tr><td>Sales and redemptions by periods, Series E through K</td><td>32</td><td>37</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td><td>22</td><td>20</td><td>26</td><td>22</td></tr><tr><td>Redemptions of matured and unmatured bonds</td><td></td><td>41</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>20</td><td></td><td>20</td></tr><tr><td>Sales and redemptions by denominations, Series E and H and Series F, G, J, and K</td><td></td><td>42</td><td></td><td>33</td><td></td><td></td><td>33</td><td></td><td>27</td><td></td><td></td><td></td></tr><tr><td>Sales and redemptions by denominations, Series E and H</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><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></tr><tr><td>Cumulative sales and redemptions by series</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><td>23</td></tr><tr><td>Sales and redemptions by periods, all series combined</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><td>23</td></tr><tr><td>Ownership of Federal securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution by classes of investors and types of issues</td><td>34</td><td>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><td>24</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury</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><td>24</td></tr><tr><td>Estimated ownership</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><td>25</td></tr><tr><td>Treasury survey of ownership:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Ownership by banks, insurance companies, and others</td><td>36</td><td>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><td>26</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date June 30, 1953)</td><td></td><td></td><td>40</td><td></td><td></td><td></td><td></td><td></td><td>30</td><td></td><td></td><td></td></tr><tr><td>Market quotations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End-of-month closing quotations on Federal securities by issues</td><td>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><td>30</td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues</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><td>32</td></tr><tr><td>Average yields of long-term bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by periods</td><td>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><td>33</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds</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>39</td><td>34</td></tr><tr><td>Internal revenue collections:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by principal sources</td><td>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><td>35</td></tr><tr><td>Chart - Internal revenue collections by principal sources</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><td>36</td></tr><tr><td>Detail of collections by type of tax</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><td>37</td></tr><tr><td>Monetary statistics:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Money in circulation</td><td>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><td>39</td></tr><tr><td>Monetary stocks of gold and silver</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><td>40</td></tr><tr><td>Gold assets and liabilities of the Treasury</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><td>40</td></tr><tr><td>Components of silver monetary stock</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><td>41</td></tr><tr><td>Silver production in the United States and acquisitions by mints and assay offices</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><td>41</td></tr><tr><td>Seigniorage on silver</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><td>41</td></tr><tr><td>Increment from reduction in weight of gold dollar (latest date September 30, 1953)</td><td></td><td>66</td><td></td><td>55</td><td></td><td>52</td><td></td><td>54</td><td></td><td>47</td><td></td><td></td></tr><tr><td>Net Treasury gold receipts (latest quarter ending March 31, 1953)</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><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></tr><tr><td>Balance sheet</td><td></td><td>67</td><td></td><td>56</td><td></td><td></td><td>55</td><td></td><td>48</td><td></td><td></td><td></td></tr><tr><td>Income and expense</td><td></td><td>68</td><td></td><td>57</td><td></td><td></td><td>56</td><td></td><td>49</td><td></td><td></td><td></td></tr><tr><td>Capital movements between the United States and foreign countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by periods since 1935</td><td>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>50</td><td>42</td></tr><tr><td>Summary by countries and months</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><td>45</td></tr><tr><td>Details for latest months by countries</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><td>49</td></tr><tr><td>Supplementary data by countries</td><td></td><td></td><td>67</td><td></td><td>66</td><td>66</td><td></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></tr><tr><td>Loans outstanding</td><td></td><td></td><td></td><td>68</td><td></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>69</td><td></td><td>71</td><td></td><td></td><td>56</td><td></td><td>63</td><td></td></tr><tr><td>Income and expense</td><td></td><td></td><td></td><td></td><td>74</td><td></td><td></td><td></td><td></td><td></td><td>70</td><td></td></tr><tr><td>Source and application of funds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
GPO 888087
TD-OAS-DC
<table><tr><td>Treas. HJ 10 A2 1953 c.2</td><td>U.S. Treasury Dept. Treasury Bulletin</td></tr></table>
U.S. TREASURY LIBRARY
1 0031981