LIBRARY
LIBRARY ROOM 5030 JUN 2,3 1972 TREASURY DEPARTMENT
Treas HJ 10 1/2 1954 C.1
TREASURY BULLETIN
JANUARY - 1954
LIBRARY ROOM 5030
JUN 23 1972
TREASURY DEPARTMENT
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
January 1954
Table of Contents
Page
<table><tr><td>Treasury financing operations</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td></tr><tr><td>Budget receipts and expenditures</td><td>2</td></tr><tr><td>Trust account and other transactions</td><td>5</td></tr><tr><td>Treasury cash income and outgo</td><td>7</td></tr><tr><td>Debt outstanding and general fund</td><td>10</td></tr><tr><td>Statutory debt limitation</td><td>13</td></tr><tr><td>Debt operations</td><td>14</td></tr><tr><td>United States savings bonds</td><td>19</td></tr><tr><td>Treasury savings notes</td><td>23</td></tr><tr><td>Ownership of Federal securities</td><td>24</td></tr><tr><td>Treasury survey of ownership of Federal securities</td><td>26</td></tr><tr><td>Market quotations 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>43</td></tr><tr><td>Corporations and certain other business-type activities -- balance sheets (inlcuing loans by type)</td><td>56</td></tr><tr><td>Cumulative table of contents</td><td>73</td></tr></table>
Note: Where calculations have been made from un-rounded figures, the details may not check to the totals shown.
January 1954
A-1
Treasury Financing Operations
Maturing F and G Savings Bonds
On December 11, 1953, the Treasury invited holders of those Series F and G savings bonds which begin to mature in January 1954 to exchange them at maturity for other series of savings bonds. The statement added that at this time the Treasury was not offering to holders of these maturing bonds any Treasury issue other than savings bonds.
It was pointed out that individual owners of the maturing Series F and G bonds may make reinvestment in Series E and H bonds up to the $20,000 annual limits on each of these series. Not only individuals, but any other holders of these maturing bonds may reinvest in Series J and K bonds, which have a combined annual limitation of $200,000 issue price. These transactions will be handled at Federal Reserve Banks and branches and at the Office of the Treasurer of the United States in Washington. Holders of the maturing bonds may submit them, for either exchange or cash payment, direct or through their banks after having the request for payment
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the "Treasury Bulletin", in the tables on "Offerings" and "Dis-
certified, which can be done at any bank or post office.
In the case of Series G bonds, the final interest due on the maturity date will be paid with the principal. No interest will accrue on bonds of either Series F or G after maturity. In order to avoid loss of interest on their investment, holders should submit the bonds from twenty to thirty days in advance of their maturity dates, whether for cash redemption or for new bonds.
Treasury 91-Day Bills Refunded
Maturities of 91-day Treasury bills totaled $7.5 billion in December. They were refunded in full by weekly offerings in amounts equivalent to the $1.5 billion maturing. The average rates of discount on the new offerings were 1.589 percent for December 3; 1.603 percent for December 10; 1.682 percent for December 17; 1.704 percent for December 24; and 1.574 percent for December 31.
position", respectively, of marketable issues of bonds, notes, and certificates of indebtedness, and in the table "Offerings of Treasury Bills".
January 1954
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>General fund balance</th><th colspan="4">Levels, and 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></th><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Subject to limitation 5/</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td colspan="4">Debt outstanding</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>2,991</td><td>72,422</td><td>4,568</td><td>76,991</td><td>74,154</td></tr><tr><td>1943</td><td>22,202</td><td>79,622</td><td>-57,420</td><td>-338</td><td>-</td><td>64,274</td><td>6,515</td><td>9,507</td><td>136,696</td><td>4,100</td><td>140,796</td><td>140,459</td></tr><tr><td>1944</td><td>43,892</td><td>95,315</td><td>-51,423</td><td>-2,222</td><td>-</td><td>64,307</td><td>10,662</td><td>20,169</td><td>201,003</td><td>1,623</td><td>202,626</td><td>208,077</td></tr><tr><td>1945</td><td>44,762</td><td>93,703</td><td>-53,941</td><td>791</td><td>-</td><td>57,679</td><td>4,529</td><td>24,698</td><td>258,682</td><td>433</td><td>259,115</td><td>268,671</td></tr><tr><td>1946</td><td>40,027</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><td>268,932</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><td>257,491</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>1,624</td><td>4,932</td><td>252,292</td><td>73</td><td>252,366</td><td>251,542</td></tr><tr><td>1949</td><td>38,246</td><td>40,057</td><td>-1,811</td><td>-495</td><td>366</td><td>478</td><td>-1,462</td><td>3,470</td><td>252,770</td><td>27</td><td>252,798</td><td>252,028</td></tr><tr><td>1950</td><td>37,045</td><td>40,167</td><td>-3,122</td><td>99</td><td>483</td><td>4,587</td><td>2,047</td><td>5,517</td><td>257,357</td><td>20</td><td>257,377</td><td>256,652</td></tr><tr><td>1951</td><td>48,143</td><td>44,633</td><td>3,510</td><td>679</td><td>-214</td><td>-2,135</td><td>1,839</td><td>7,357</td><td>255,222</td><td>29</td><td>255,251</td><td>254,567</td></tr><tr><td>1952</td><td>62,129</td><td>66,145</td><td>-4,017</td><td>147</td><td>-401</td><td>3,883</td><td>-388</td><td>6,969</td><td>259,105</td><td>46</td><td>259,151</td><td>258,507</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><td>265,522</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><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><td>110,833</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><td>171,202</td></tr><tr><td>1944</td><td>43,531</td><td>97,181</td><td>-53,650</td><td>-1,161</td><td>-</td><td>64,753</td><td>9,942</td><td>22,236</td><td>230,630</td><td>1,514</td><td>232,144</td><td>239,099</td></tr><tr><td>1945</td><td>43,928</td><td>87,522</td><td>-43,594</td><td>-123</td><td>-</td><td>47,484</td><td>3,767</td><td>26,003</td><td>278,115</td><td>567</td><td>278,682</td><td>288,559</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><td>258,554</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>-105</td><td>3,097</td><td>256,900</td><td>81</td><td>256,981</td><td>256,127</td></tr><tr><td>1948</td><td>41,450</td><td>36,209</td><td>5,241</td><td>-229</td><td>199</td><td>-4,100</td><td>1,111</td><td>4,208</td><td>252,800</td><td>55</td><td>252,854</td><td>252,057</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><td>256,413</td></tr><tr><td>1950</td><td>37,834</td><td>38,255</td><td>-422</td><td>311</td><td>87</td><td>-423</td><td>-447</td><td>4,232</td><td>256,708</td><td>24</td><td>256,731</td><td>256,026</td></tr><tr><td>1951</td><td>53,488</td><td>56,846</td><td>-3,358</td><td>815</td><td>-106</td><td>2,711</td><td>62</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td><td>258,794</td></tr><tr><td>1952</td><td>65,523</td><td>71,366</td><td>-5,842</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><td>266,821</td></tr><tr><td>1953</td><td>64,469</td><td>73,626</td><td>-9,157</td><td>101</td><td>-209</td><td>7,777</td><td>-1,488</td><td>4,577</td><td>275,168</td><td>76</td><td>275,244</td><td>274,671</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><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>1,454</td><td>256,123</td><td>18</td><td>256,143</td><td>255,443</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>929</td><td>5,382</td><td>255,941</td><td>18</td><td>255,958</td><td>255,262</td></tr><tr><td>March</td><td>8,112</td><td>4,058</td><td>4,054</td><td>-34</td><td>111</td><td>-944</td><td>3,187</td><td>8,569</td><td>254,997</td><td>21</td><td>255,018</td><td>254,325</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><td>254,057</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><td>254,435</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><td>254,567</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><td>255,007</td></tr><tr><td>August</td><td>3,594</td><td>5,087</td><td>-1,493</td><td>83</td><td>-103</td><td>988</td><td>-525</td><td>5,095</td><td>256,644</td><td>32</td><td>256,677</td><td>256,001</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><td>256,713</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><td>257,665</td></tr><tr><td>November</td><td>3,521</td><td>5,178</td><td>-1,658</td><td>82</td><td>20</td><td>1,306</td><td>-250</td><td>4,624</td><td>259,604</td><td>43</td><td>259,647</td><td>258,979</td></tr><tr><td>December</td><td>5,279</td><td>5,627</td><td>-347</td><td>196</td><td>7</td><td>-136</td><td>-329</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td><td>258,794</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><td>259,158</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><td>259,745</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><td>257,473</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><td>257,689</td></tr><tr><td>May</td><td>3,809</td><td>5,659</td><td>-1,850</td><td>357</td><td>-91</td><td>1,613</td><td>28</td><td>5,421</td><td>259,905</td><td>45</td><td>259,951</td><td>259,305</td></tr><tr><td>June</td><td>9,796</td><td>6,930</td><td>2,866</td><td>-192</td><td>-326</td><td>-800</td><td>1,548</td><td>6,969</td><td>259,105</td><td>46</td><td>259,151</td><td>258,507</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><td>262,472</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>263,186</td><td>39</td><td>263,225</td><td>262,592</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><td>262,091</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><td>264,336</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>7,636</td><td>267,432</td><td>51</td><td>267,483</td><td>266,857</td></tr><tr><td>December</td><td>6,003</td><td>7,124</td><td>-1,121</td><td>-265</td><td>-145</td><td>-41</td><td>-1,572</td><td>6,064</td><td>267,391</td><td>54</td><td>267,445</td><td>266,821</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><td>266,837</td></tr><tr><td>February</td><td>5,479</td><td>5,595</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><td>267,023</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>884</td><td>6,908</td><td>264,485</td><td>51</td><td>264,536</td><td>263,929</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><td>264,037</td></tr><tr><td>May</td><td>4,330</td><td>6,241</td><td>-1,862</td><td>416</td><td>-428</td><td>1,930</td><td>57</td><td>3,639</td><td>266,520</td><td>52</td><td>266,572</td><td>265,969</td></tr><tr><td>June</td><td>9,744</td><td>7,988</td><td>1,756</td><td>98</td><td>-373</td><td>-449</td><td>1,032</td><td>4,670</td><td>266,071</td><td>52</td><td>266,123</td><td>265,522</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><td>272,148</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><td>272,688</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><td>272,422</td></tr><tr><td>October</td><td>2,659</td><td>5,477</td><td>-2,818</td><td>-218</td><td>235</td><td>449</td><td>-2,352</td><td>5,126</td><td>273,386</td><td>66</td><td>273,452</td><td>272,875</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><td>274,707</td></tr><tr><td>December</td><td>5,183</td><td>6,387</td><td>-1,204</td><td>-131</td><td>29</td><td>-40</td><td>-1,346</td><td>4,577</td><td>275,168</td><td>76</td><td>275,244</td><td>274,671</td></tr></table>
Source: Daily Treasury Statement. More detailed information with respect to the figures on this page is given in succeeding tables. 1/ Gross receipts less appropriations to the Federal Old-Age and Survivors Insurance Trust Fund and refunds of receipts.
2/ Insurance Trust Fund and refunds of receipts. Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures. Beginning with the fiscal year 1951, investments of wholly owned Government corporations in public debt securities are excluded from budget expenditures, and included with other such investments under "Trust Account and Other Transactions". 3/ Excess of receipts, or expenditures (-). 4/ For outstanding checks and interest coupons, and telegraphic reports from
Federal Reserve Banks; excess of receipts, or expenditures (-). For current month detail, see section on "Statutory Debt Limitation" in each issue of the Bulletin. The limitations in effect during the period covered by this table and the date when each became effective are as follows: March 28, 1942, $125 billion; April 11, 1943, $210 billion; June 9, 1944, $260 billion; April 3, 1945, $300 billion; and June 26, 1946, $275 billion. Guaranteed securities are included under the limitation beginning April 3, 1945. Savings bonds are included at current redemption value beginning June 26, 1946; prior to that time they were included at maturity value. In the debt outstanding, savings bonds are carried at current redemption value.
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="7">Internal revenue 1/</th><th rowspan="2">Customs</th><th rowspan="2">Other receipts 1/</th><th colspan="3">Deductions</th></tr><tr><th>Corporation 2/</th><th>Individual, not withheld 2/ 3/</th><th>Withheld by employers 4/</th><th>Total 5/</th><th>Employment taxes 6/</th><th>Miscellaneous internal revenue</th><th>Total internal revenue</th><th>Gross receipts</th><th>Appropriations to FOASI Trust Fund 8/</th><th>Refunds of receipts 9/</th><th>Net receipts</th></tr><tr><td>1946</td><td>21,493</td><td></td><td>9,392</td><td>30,885</td><td>1,701</td><td>7,725</td><td>40,310</td><td>435</td><td>3,492</td><td>44,238</td><td>1,238</td><td>2,973</td><td>40,027</td></tr><tr><td>1947</td><td>19,292</td><td></td><td>10,013</td><td>29,306</td><td>2,024</td><td>8,049</td><td>39,379</td><td>494</td><td>4,635</td><td>44,508</td><td>1,459</td><td>3,006</td><td>40,043</td></tr><tr><td>1948</td><td>19,735</td><td></td><td>11,436</td><td>31,171</td><td>2,381</td><td>8,301</td><td>41,853</td><td>422</td><td>3,884</td><td>46,099</td><td>1,616</td><td>2,872</td><td>42,211</td></tr><tr><td>1949</td><td>19,641</td><td></td><td>9,842</td><td>29,482</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>38,286</td></tr><tr><td>1950</td><td>18,189</td><td></td><td>10,073</td><td>28,263</td><td>2,883</td><td>8,303</td><td>39,449</td><td>423</td><td>1,439</td><td>41,311</td><td>2,106</td><td>2,160</td><td>37,045</td></tr><tr><td>1951</td><td>24,218</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>4,562</td><td>9,726</td><td>65,635</td><td>551</td><td>1,814</td><td>67,999</td><td>3,569</td><td>2,302</td><td>62,129</td></tr><tr><td>1953</td><td>32,901r</td><td></td><td>21,172r</td><td>54,073</td><td>4,988</td><td>10,870</td><td>69,931</td><td>613</td><td>1,912</td><td>72,455</td><td>4,086</td><td>3,151</td><td>65,218</td></tr><tr><td>1953-January</td><td>3,111</td><td></td><td>989</td><td>3,983</td><td>147</td><td>842</td><td>4,972</td><td>51</td><td>209</td><td>5,232</td><td>117</td><td>54</td><td>5,061</td></tr><tr><td>February</td><td>1,479</td><td></td><td>3,544</td><td>4,538</td><td>757</td><td>856</td><td>6,150</td><td>43</td><td>107</td><td>6,300</td><td>486</td><td>336</td><td>5,479</td></tr><tr><td>March</td><td>8,551</td><td></td><td>2,102</td><td>10,229</td><td>490</td><td>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>4,380</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>58</td><td>235</td><td>3,619</td><td>206</td><td>105</td><td>3,308</td></tr><tr><td>August</td><td>326</td><td>79</td><td>3,499</td><td>3,385</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>1,689</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>385</td><td>159</td><td>1,138</td><td>1,522</td><td>177</td><td>1,012</td><td>2,718</td><td>51</td><td>125</td><td>2,894</td><td>160</td><td>75</td><td>2,659</td></tr><tr><td>November</td><td>336</td><td>89</td><td>3,416</td><td>3,452</td><td>495</td><td>968</td><td>4,915</td><td>47</td><td>182</td><td>5,144</td><td>388</td><td>60</td><td>4,695</td></tr><tr><td>1954 to date</td><td>3,334</td><td>2,889</td><td>11,142</td><td>15,394</td><td>1,876</td><td>4,860</td><td>22,130</td><td>247</td><td>834</td><td>23,211</td><td>1,572</td><td>368</td><td>21,271</td></tr></table>
Source: Daily Treasury Statement. Footnotes follow Table 2.
Table 2.- Expenditures by Major Classifications
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total 10/</th><th>National defense and related activities</th><th>International finance and aid</th><th>Interest on the public debt 11/</th><th>Veterans' Administration 12/</th><th>Other</th></tr><tr><td>1946</td><td>60,703</td><td>48,870</td><td>727</td><td>4,722</td><td>4,253</td><td>2,133</td></tr><tr><td>1947</td><td>39,289</td><td>16,812</td><td>4,928</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>4,143 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>6,527</td><td>10,865</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>39,033 14/</td><td>4,917</td><td>5,859</td><td>4,952</td><td>11,384</td></tr><tr><td>1953</td><td>74,607</td><td>44,584</td><td>5,788</td><td>6,508</td><td>4,335</td><td>13,393</td></tr><tr><td>1953-January</td><td>5,737</td><td>3,632</td><td>393</td><td>235</td><td>354</td><td>1,123</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>6,362</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>1,055</td></tr><tr><td>October</td><td>5,477</td><td>3,647</td><td>313</td><td>354</td><td>340</td><td>823</td></tr><tr><td>November</td><td>5,423</td><td>3,540</td><td>345</td><td>164</td><td>349</td><td>1,024</td></tr><tr><td>1954 to date</td><td>29,128</td><td>18,383</td><td>2,043</td><td>1,521</td><td>1,735</td><td>5,444</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/ Monthly figures include old-age insurance tax on self-employment income, because this tax is not separable currently from income tax not withheld. 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). Monthly figures include old-age insurance taxes on employers and employees, because these taxes are not separable currently from income tax withheld. Fiscal year figures exclude old-age insurance taxes, on the
5/ Partly estimated beginning January 1951 (see footnote 8). Monthly figures will not add to this total (see footnotes 3 and 4).
6/ 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.
January 1954
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>UNFRA</th><th>Surplus property disposal</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>106</td><td>-</td><td>5,139</td></tr><tr><td>1947</td><td>16,812</td><td>-</td><td>-</td><td>6,911</td><td>4,998</td><td>1,986</td><td>1,501</td><td>442</td><td>11</td><td>963</td></tr><tr><td>1948</td><td>11,500</td><td>*</td><td>-</td><td>6,046</td><td>1,171</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>1,412</td><td>10</td><td>25</td><td>98</td><td>299</td><td>202</td></tr><tr><td>1950</td><td>12,346</td><td>161</td><td>3,506</td><td>4,058</td><td>4,110</td><td>1</td><td>*</td><td>7</td><td>439</td><td>65</td></tr><tr><td>1951</td><td>19,955</td><td>343</td><td>6,238</td><td>6,867</td><td>5,757</td><td>3</td><td>*</td><td>*</td><td>656</td><td>92</td></tr><tr><td>1952</td><td>39,033 14/</td><td>402</td><td>12,350 14/</td><td>15,370 14/</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>1,284</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>November</td><td>3,540</td><td>49</td><td>1,254</td><td>1,357</td><td>830</td><td>*</td><td>-</td><td>-</td><td>41</td><td>10</td></tr><tr><td>1954 to date</td><td>18,383</td><td>196</td><td>6,483</td><td>6,838</td><td>4,569</td><td>*</td><td>-</td><td>-</td><td>249</td><td>48</td></tr></table>
Source: Daily Treasury Statement
Footnotes at end of Table 5.
Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Bretton Woods Agreements Act</th><th>Export-Import Bank 21/</th><th>Credit to United Kingdom 22/</th><th>Government and relief in occupied areas</th><th>Greek-Turkish 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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1947</td><td>4,928</td><td>1,426</td><td>938</td><td>2,050</td><td>514</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>4,113</td><td>-</td><td>465</td><td>1,700</td><td>881</td><td>161</td><td>134</td><td>-</td><td>-</td><td>803</td></tr><tr><td>1949</td><td>6,016</td><td>13/</td><td>-60</td><td>-</td><td>1,333</td><td>279</td><td>4,043</td><td>-</td><td>-</td><td>420</td></tr><tr><td>1950</td><td>4,689</td><td>-</td><td>45</td><td>-</td><td>779</td><td>126</td><td>3,523</td><td>44</td><td>-</td><td>170</td></tr><tr><td>1951</td><td>4,469</td><td>-</td><td>88</td><td>-</td><td>370</td><td>65</td><td>3,006</td><td>894</td><td>-</td><td>58</td></tr><tr><td>1952</td><td>4,917</td><td>-</td><td>25</td><td>-</td><td>152</td><td>18</td><td>2,191</td><td>2,228</td><td>47</td><td>256</td></tr><tr><td>1953</td><td>5,788</td><td>-</td><td>113</td><td>-</td><td>48</td><td>4</td><td>1,724</td><td>3,760</td><td>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>-23</td><td>-</td><td>2</td><td>-</td><td>114</td><td>366</td><td>3</td><td>7</td></tr><tr><td>May</td><td>547</td><td>-</td><td>47</td><td>-</td><td>4</td><td>-</td><td>200</td><td>285</td><td>3</td><td>10</td></tr><tr><td>June</td><td>560</td><td>-</td><td>63</td><td>-</td><td>3</td><td>*</td><td>148</td><td>325</td><td>7</td><td>15</td></tr><tr><td>July</td><td>558</td><td>-</td><td>-14</td><td>-</td><td>3</td><td>*</td><td>95</td><td>451</td><td>3</td><td>21</td></tr><tr><td>August</td><td>437</td><td>-</td><td>143</td><td>-</td><td>2</td><td>*</td><td>80</td><td>197</td><td>4</td><td>11</td></tr><tr><td>September</td><td>390</td><td>-</td><td>53</td><td>-</td><td>1</td><td>*</td><td>91</td><td>232</td><td>3</td><td>9</td></tr><tr><td>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>November</td><td>345</td><td>-</td><td>39</td><td>-</td><td>1</td><td>-</td><td>88</td><td>198</td><td>4</td><td>15</td></tr><tr><td>1954 to date</td><td>2,043</td><td>-</td><td>262</td><td>-</td><td>7</td><td>*</td><td>460</td><td>1,234</td><td>17</td><td>63</td></tr></table>
Source: Daily Treasury Statement.
Footnotes 1 through 7 on page 2 and 10 through 32 on page 4.
3/ Amounts appropriated to the Federal Old-Age and Survivors Insurance Trust Fund are equivalent to the amounts of taxes collected and deposited for old-age insurance (42 U.S.C. 401 (e)). The Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950, changed in certain respects the basis of transferring the appropriated funds to the trust fund. Effective January 1, 1951, the old-age insurance taxes on employers and employees and the withheld income tax are paid into the Treasury in combined amounts without separation as to type of tax. The old-age insurance tax on self-employment income, imposed by Public Law 734, is levied and collected as part of the individual income tax, beginning with the taxable year 1951. Beginning January 1951, the amounts transferred currently as appropriations to the trust fund are based on estimates of old-age
insurance tax receipts made by the Secretary of the Treasury as required by law, and are adjusted in later transfers on the basis of wage and self-employment income records maintained in the Social Security Administration. 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. The breakdown needed for excluding appropriate amounts from individual income tax withheld and not withheld is estimated only on a fiscal year basis. Figures for June 1953 include adjustments by increase in amounts transferred as appropriations as follows: $53 million based on records of self-employment income for calendar year 1951 and $39 million based on records of wages earned in the quarters ending September 30
9/ Interest on refunde 10
Interest on refund 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 29/</th><th>Postal deficit</th><th>Public works 30/</th><th>Reconstruction Finance Corporation 31/</th><th>Social security program</th><th>Atomic Energy Commission</th><th>Miscellaneous 32/</th></tr><tr><td>1946</td><td>2,133</td><td>-203</td><td>98</td><td>-246</td><td>161</td><td>359</td><td>-23</td><td>845</td><td>-</td><td>1,182</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>1,456</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>617</td><td>2,124</td></tr><tr><td>1950</td><td>10,865</td><td>2,986</td><td>385</td><td>-270</td><td>593</td><td>1,575</td><td>589</td><td>1,967</td><td>524</td><td>2,515</td></tr><tr><td>1951</td><td>9,263</td><td>635</td><td>378</td><td>460</td><td>624</td><td>1,458</td><td>-71</td><td>2,027</td><td>908</td><td>2,844</td></tr><tr><td>1952</td><td>11,384</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>265</td></tr><tr><td>May</td><td>1,418</td><td>581</td><td>38</td><td>66</td><td>-</td><td>155</td><td>-15</td><td>215</td><td>153</td><td>224</td></tr><tr><td>June</td><td>1,141</td><td>382</td><td>39</td><td>-10</td><td>50</td><td>145</td><td>-16</td><td>180</td><td>140</td><td>231</td></tr><tr><td>July</td><td>1,014</td><td>254</td><td>37</td><td>-78</td><td>-</td><td>174</td><td>-18</td><td>229</td><td>117</td><td>300</td></tr><tr><td>August</td><td>1,529</td><td>377</td><td>63</td><td>95</td><td>160</td><td>155</td><td>3</td><td>214</td><td>157</td><td>305</td></tr><tr><td>September</td><td>1,055</td><td>275</td><td>49</td><td>34</td><td>-</td><td>158</td><td>4</td><td>155</td><td>155</td><td>225</td></tr><tr><td>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>November</td><td>1,024</td><td>302</td><td>31</td><td>-89</td><td>60</td><td>157</td><td>-7</td><td>213</td><td>95</td><td>264</td></tr><tr><td>1954 to date</td><td>5,444</td><td>1,197</td><td>252</td><td>-85</td><td>220</td><td>805</td><td>-24</td><td>1,035</td><td>732</td><td>1,315</td></tr></table>
Source: Daily Treasury Statement.
Footnotes 1 through 7 on page 2 and 8 and 9 on page 3.
10/Expenditures are "net", after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts credited to disbursing 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 and accounts), and public debt retirements chargeable to the sinking fund, etc., under special provisions of law. Payments to the Treasury, principally by wholly owned Government corporations, for retirement of capital stock and disposition of earnings are excluded from both receipts and expenditures. Further information on those capital transfers may be found in the 1952 Annual Report of the Secretary of the Treasury, pages 512 and 513.
11/Beginning November 1949, interest on the public debt is reported as an expenditure when such interest becomes due and payable, as distinguished from the previous practice of showing the expenditure on the basis of interest paid by the Treasurer of the United States.
12/Includes public works undertaken by the Veterans' Administration.
13/Includes transactions relating to the Foreign Economic Cooperation Trust Fund (see page 1).
14/Not 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.
Defense expenditures of the Panama Canal through 1947 are included in Table 3 under "Other"; nondefense expenditures are included in Table 5 under "Miscellaneous". Figures include certain expenditures on behalf of the Department of the Air Force (see footnote 16).
18/Department of the Navy expenditures, excluding those included elsewhere in Table 3 and those for international finance and aid shown in Table 4.
19/Not classified separately prior to 1947.
20/Through 1947 includes "war" and "national defense" expenditures of various departments; expenditures of the United States Maritime 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.
21/ Excludes Bank expenditures under the Mutual Security Act and the preceding Economic Cooperation Act of 1948, as amended.
22/ Under the Financial Agreement of December 6, 1945. First repayment became due on December 31, 1951, when payments were made of $44 million principal and $75 million interest. Payments on December 31, 1952, were $45 million principal and $74 million interest.
23/ Act of October 10, 1951 (64 Stat. 373).
24/ Prior to July 1951, consists of expenditures under the Economic Cooperation Act.
25/ Prior to July 1951, consists of expenditures for mutual defense assistance.
26/ 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.
27/ Department of Agriculture expenditures, excluding those included in Tables 3 and 4 and those for forest development roads and trails included in Table 5 under "Public works".
28/ 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 its functions were transferred into the Department of Commerce by Reorganization Plan No. 21 of 1950.
29/ Housing and Home Finance Agency expenditures excluding those in Table 3; beginning September 1950, includes Federal National Mortgage Association and prefabricated housing loans program, which were transferred from the Reconstruction Finance Corporation by Reorganization Plans Nos. 22 and 23 of 1950.
30/ Consists of expenditures for the following: Bureau of Reclamation; Tennessee Valley Authority; river and harbor works and flood control under the Department of the Army; public roads under the Department of Commerce, except assistance to Greece and Turkey; forest development roads and trails under the Department of Agriculture; public buildings under General Services Administration, consisting of construction only, beginning 1950; Bureau of Community Facilities in the Federal Works Agency until the Bureau was abolished; and other Federal Works Agency expenditures except those in Table 3 until the Agency was abolished.
31/ 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, those 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.
32/ Includes expenditures for executive departments and other agencies not included elsewhere and for legislative and judicial functions.
* Less than $500,000.
r Revised.
January 1954
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>3,362</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>3,852</td><td>7,796</td><td>3,945</td><td>3,557</td><td>-13</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>482</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><tr><td>November</td><td>79</td><td>202</td><td>839</td><td>636</td><td>240</td><td>-8</td><td>-108</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 employees' retirement funde 1/</th><th>Other trust funde 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>6,214</td><td>1,623</td><td>323</td><td>1,289</td><td>1,504</td><td>134</td><td>578</td><td>792</td></tr><tr><td>1948</td><td>6,515 3/</td><td>1,807</td><td>797</td><td>1,313</td><td>740</td><td>90</td><td>594</td><td>1,174 3/</td></tr><tr><td>1949</td><td>5,714</td><td>1,924</td><td>625</td><td>1,173</td><td>690</td><td>92</td><td>680</td><td>529</td></tr><tr><td>1950</td><td>6,669</td><td>2,367</td><td>645</td><td>1,281</td><td>1,076</td><td>87</td><td>809</td><td>403</td></tr><tr><td>1951</td><td>7,796</td><td>3,411</td><td>678</td><td>1,542</td><td>684</td><td>86</td><td>850</td><td>545</td></tr><tr><td>1952</td><td>8,807</td><td>3,932</td><td>850</td><td>1,643</td><td>786</td><td>87</td><td>912</td><td>597</td></tr><tr><td>1953</td><td>8,932</td><td>4,516</td><td>745</td><td>1,594</td><td>637</td><td>79</td><td>961</td><td>401</td></tr><tr><td>1953-January</td><td>286</td><td>118</td><td>14</td><td>28</td><td>41</td><td>4</td><td>44</td><td>37</td></tr><tr><td>February</td><td>920</td><td>492</td><td>91</td><td>213</td><td>44</td><td>3</td><td>26</td><td>51</td></tr><tr><td>March</td><td>649</td><td>440</td><td>53</td><td>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><tr><td>November</td><td>839</td><td>398</td><td>90</td><td>254</td><td>35</td><td>2</td><td>37</td><td>22</td></tr></table>
Source: Daily Treasury Statement. 1/ Consists of Civil Service and Foreign Service retirement funds. 2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian tribal funds, island possessions, increment resulting from
reduction in the weight of the gold dollar, and through June 1950 assigniorage on silver under the Silver Purchase Act of 1934. Thereafter any such assigniorage 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 credits)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funde 1/</th><th>Other trust funds and accounts 2/ 3/</th><th>Deposit fund accounts (net) 3/</th></tr><tr><td>1946</td><td>4,474</td><td>358</td><td>152</td><td>1,146</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>859</td><td>302</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>348</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 2/</td></tr><tr><td>1953</td><td>5,169</td><td>2,750</td><td>465</td><td>1,010</td><td>588</td><td>82</td><td>363</td><td>441</td><td>-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>-96</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><tr><td>November</td><td>636</td><td>271</td><td>41</td><td>105</td><td>45</td><td>5</td><td>34</td><td>20</td><td>115</td></tr></table>
Source: Daily Tresuary 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).
2/ 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 colspan="8">Trust accounts, etc.</th><th>Government corporations and agencies 3/</th></tr><tr><th></th><th></th><th>Total trust accounts, etc.</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Religion 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></th></tr><tr><td>1946</td><td>3,668</td><td>3,668</td><td>1,002</td><td>156</td><td>102</td><td>2,053</td><td>47</td><td>309</td><td>-2</td><td>-</td></tr><tr><td>1947</td><td>3,362</td><td>3,362</td><td>1,194</td><td>148</td><td>443</td><td>1,234</td><td>60</td><td>282</td><td>*</td><td>-</td></tr><tr><td>1948</td><td>3,060</td><td>3,060</td><td>1,194</td><td>569</td><td>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>346</td><td>-160</td><td>353</td><td>32</td><td>447</td><td>*</td><td>-</td></tr><tr><td>1950</td><td>-402</td><td>-402</td><td>1,414</td><td>338</td><td>-724</td><td>-1,946</td><td>-26</td><td>543</td><td>*</td><td>-</td></tr><tr><td>1951</td><td>3,557</td><td>3,369</td><td>1,678</td><td>357</td><td>650</td><td>94</td><td>8</td><td>573</td><td>9</td><td>187</td></tr><tr><td>1952</td><td>3,636</td><td>3,355</td><td>1,950</td><td>449</td><td>583</td><td>-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>-54</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><tr><td>November</td><td>240</td><td>201</td><td>26</td><td>47</td><td>139</td><td>-10</td><td>-4</td><td>1</td><td>2</td><td>39</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.
January 1954
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 outgo (-)</th><th rowspan="2">Net cash borrowing, or repayment of borrowing (-)</th><th rowspan="2">Increase, or decrease (-), in general fund balance</th><th rowspan="2">Memorandum: Net receipts from exercise of monetary authority 2/</th></tr><tr><th>Cash budget receipts</th><th>Cash trust account receipts</th><th>Total</th><th>Cash budget expenditures</th><th>Cash trust account expenditures</th><th>Exchange Stabilization Fund 1/</th><th>Clearing account for outstanding checks, etc.</th><th>Total</th></tr><tr><td>1946</td><td>38,902</td><td>4,937</td><td>43,839</td><td>57,422</td><td>4,316</td><td>-</td><td>-</td><td>61,738</td><td>-17,899</td><td>7,439</td><td>-10,460</td><td>302</td></tr><tr><td>1947</td><td>39,884</td><td>3,707</td><td>43,591</td><td>33,190</td><td>3,270</td><td>1,026</td><td>-555</td><td>36,931</td><td>6,659</td><td>-19,389</td><td>-10,930 3/</td><td>60</td></tr><tr><td>1948</td><td>41,804</td><td>3,595</td><td>45,400</td><td>32,482</td><td>2,944</td><td>563</td><td>507</td><td>36,496</td><td>8,903</td><td>-7,280</td><td>1,624</td><td>37</td></tr><tr><td>1949</td><td>38,145</td><td>3,483</td><td>41,628</td><td>37,517</td><td>3,328</td><td>98</td><td>-366</td><td>40,576</td><td>1,051</td><td>-2,513</td><td>-1,462</td><td>46</td></tr><tr><td>1950</td><td>36,925</td><td>4,046</td><td>40,970</td><td>36,977</td><td>6,868</td><td>-207</td><td>-483</td><td>43,155</td><td>-2,185</td><td>4,231</td><td>2,047</td><td>25</td></tr><tr><td>1951</td><td>47,887</td><td>5,592</td><td>53,439</td><td>41,795</td><td>3,807</td><td>-13</td><td>214</td><td>45,804</td><td>7,635</td><td>-5,795</td><td>1,839</td><td>43</td></tr><tr><td>1952</td><td>61,991</td><td>6,102</td><td>68,093</td><td>62,599</td><td>4,947</td><td>9</td><td>401</td><td>67,956</td><td>137</td><td>-525</td><td>-388</td><td>68</td></tr><tr><td>1953</td><td>65,008</td><td>6,336</td><td>71,344</td><td>71,139</td><td>5,138</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>1953-January</td><td>5,018</td><td>221</td><td>5,239</td><td>5,555</td><td>287</td><td>-</td><td>-401</td><td>5,442</td><td>-203</td><td>-173</td><td>-376</td><td>4</td></tr><tr><td>February</td><td>5,475</td><td>792</td><td>6,267</td><td>5,427</td><td>344</td><td>-19</td><td>2</td><td>5,754</td><td>513</td><td>-178</td><td>335</td><td>2</td></tr><tr><td>March</td><td>10,499</td><td>543</td><td>11,042</td><td>6,059</td><td>757</td><td>19</td><td>135</td><td>6,970</td><td>4,072</td><td>-3,188</td><td>884</td><td>3</td></tr><tr><td>April</td><td>2,846</td><td>368</td><td>3,214</td><td>6,241</td><td>491</td><td>-</td><td>-289</td><td>6,443</td><td>-3,229</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>10,185</td><td>7,011</td><td>548</td><td>-</td><td>373</td><td>7,932</td><td>2,253</td><td>-1,222</td><td>1,032</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>962</td><td>5,526</td><td>5,821</td><td>458</td><td>11</td><td>430</td><td>6,720</td><td>-1,193</td><td>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>-2,352</td><td>5</td></tr><tr><td>November</td><td>4,691</td><td>705</td><td>5,396</td><td>5,249</td><td>633</td><td>-</td><td>376</td><td>6,258</td><td>-862</td><td>1,659</td><td>797</td><td>5</td></tr><tr><td>1954 to date</td><td>21,179</td><td>2,681</td><td>23,860</td><td>28,287</td><td>2,734</td><td>22</td><td>-11</td><td>31,032</td><td>-7,172</td><td>8,424</td><td>1,253</td><td>23</td></tr></table>
Source: Based on Daily Treasury Statement.
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-
uction in weight of the gold dollar. This item is part of the cash budget receipts shown in these tables, but is excluded from the budget figures for "Receipts from the public". In addition to this decrease in the general fund balance, the Exchange Stabilization Fund was drawn down by $1,800 million for subscription to the capital of the International Monetary Fund.
Table 2.- Derivation of Cash Budget Receipts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net budget receipts 1/</th><th>Plus: Noncash items deducted from budget receipts - excess profits tax refund bonds 2/</th><th>Total</th><th colspan="3">Less: Noncash budget receipts</th><th>Reimbursement for administrative expenses 4/</th><th>Equals: Cash budget receipts</th></tr><tr><th></th><th></th><th></th><th></th><th colspan="3">Payments to Treasury by Government agencies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>R. F. C.</th><th>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>155</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>140</td><td>-</td><td>66</td><td>65,008</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>4,568</td><td>*</td><td>3</td><td>-</td><td>*</td><td>-</td><td>3</td><td>4,565</td></tr><tr><td>September</td><td>6,041</td><td>*</td><td>43</td><td>-</td><td>*</td><td>-</td><td>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><tr><td>November</td><td>4,695</td><td>*</td><td>4</td><td>-</td><td>1</td><td>-</td><td>3</td><td>4,691</td></tr></table>
Source: See Table 1.
For further detail, see "Budget Receipts and Expenditures", Table 1. Deduction from budget receipts of the tax refunds represented by these bonds is treated as a noncash deduction at the time of issuance of the bonds and as a cash deduction at the time of redemption of the bonds (see Table 5); net issuance, or redemption (-).
By Government corporations not wholly owned. By Federal Old-Age and Survivors Insurance Trust Fund through October 1948. Thereafter includes also transfers from Railroad Unemployment Insurance Account to Railroad Unemployment Administra-tion Fund and reimbursement by the District of Columbia. Less than $500,000.
Treasury Bulletin
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 employees' retirement</th><th colspan="3">Budget expenditures involving issuances 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>1,356</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>32,482</td></tr><tr><td>1949</td><td>40,057</td><td>2,540</td><td>580</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>66,145</td><td>3,546</td><td>779</td><td>34</td><td>987</td><td>1,305</td><td>411</td><td>-68</td><td>-1</td><td>-</td><td>100</td><td>-</td><td>62,599</td></tr><tr><td>1953</td><td>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>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>5,595</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>6,059</td></tr><tr><td>Apr.</td><td>6,362</td><td>121</td><td>42</td><td>5</td><td>28</td><td>13</td><td>35</td><td>-2</td><td>*</td><td>-</td><td>1</td><td>-</td><td>6,241</td></tr><tr><td>May.</td><td>6,241</td><td>178</td><td>48</td><td>*</td><td>4</td><td>92</td><td>33</td><td>-1</td><td>*</td><td>-</td><td>2</td><td>-</td><td>6,063</td></tr><tr><td>June.</td><td>7,988</td><td>977</td><td>71</td><td>13</td><td>753</td><td>59</td><td>36</td><td>-1</td><td>*</td><td>-</td><td>46</td><td>-</td><td>7,011</td></tr><tr><td>July.</td><td>6,068</td><td>228</td><td>109</td><td>-</td><td>*</td><td>53</td><td>38</td><td>-1</td><td>*</td><td>-</td><td>29</td><td>-</td><td>5,839</td></tr><tr><td>Aug.</td><td>6,042</td><td>221</td><td>28</td><td>-</td><td>*</td><td>157</td><td>37</td><td>-1</td><td>*</td><td>-</td><td>*</td><td>-</td><td>5,921</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><tr><td>Nov.</td><td>5,423</td><td>174</td><td>41</td><td>*</td><td>1</td><td>95</td><td>36</td><td>-1</td><td>*</td><td>-</td><td>1</td><td>-</td><td>5,249</td></tr></table>
Source: See Table 1.
1/ For further detail, see "Budget Receipts and Expenditures", Table 2.
2/ Accrued discount on savings bonds and bills less interest paid on savings bonds and bills redeemed.
3/ Payments to wholly owned Government corporations are not deducted be-
cause they are treated as negative expenditures when received by corporations.
k/ Treated as noncash expenditures at the time of issuance and as cash expenditures at the time of redemption; not issuance, or redemption (-).
* Less than $500,000.
Table 4.- Derivation of Cash Trust Account Transactions
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total trust account receipts</th><th colspan="5">Less: Noncash receipts</th><th rowspan="2">Equals: Cash trust account receipts</th><th rowspan="2">Total trust account and other expenditures 2/</th><th colspan="3">Less: Noncash expenditures</th><th rowspan="2">Equals: Cash trust account expenditures</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 employees' retirement</th><th>Other 1/</th><th>Total noncash expenditures</th><th>Net investments in Federal securities</th><th>By trust funds and accounts</th><th>By Government agencies 3/</th><th>Other 4/</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>259</td><td>271</td><td>3,707</td><td>7,347</td><td>4,076</td><td>3,362</td><td>147</td><td>568</td><td>3,270</td></tr><tr><td>1948</td><td>6,515</td><td>2,920</td><td>746</td><td>1,178</td><td>236</td><td>760</td><td>3,995</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>2,332</td><td>841</td><td>916</td><td>327</td><td>148</td><td>3,483</td><td>6,209</td><td>2,881</td><td>2,311</td><td>313</td><td>258</td><td>3,328</td></tr><tr><td>1950</td><td>6,669</td><td>2,623</td><td>880</td><td>1,383</td><td>358</td><td>2</td><td>4,016</td><td>6,570</td><td>-298</td><td>-405</td><td>69</td><td>37</td><td>6,668</td></tr><tr><td>1951</td><td>7,796</td><td>2,244</td><td>892</td><td>972</td><td>378</td><td>2</td><td>5,552</td><td>7,117</td><td>3,310</td><td>3,369</td><td>187</td><td>-246</td><td>3,807</td></tr><tr><td>1952</td><td>8,907</td><td>2,705</td><td>987</td><td>1,305</td><td>411</td><td>3</td><td>6,102</td><td>8,660</td><td>3,713</td><td>3,355</td><td>281</td><td>77</td><td>4,947</td></tr><tr><td>1953</td><td>8,932</td><td>2,595</td><td>1,094</td><td>1,079</td><td>420</td><td>2</td><td>6,336</td><td>8,495</td><td>3,357</td><td>3,068</td><td>232</td><td>56</td><td>5,138</td></tr><tr><td>1953-Jan.</td><td>286</td><td>65</td><td>2</td><td>20</td><td>43</td><td>-</td><td>221</td><td>397</td><td>109</td><td>-112</td><td>242</td><td>-21</td><td>287</td></tr><tr><td>Feb.</td><td>920</td><td>128</td><td>2</td><td>101</td><td>25</td><td>-</td><td>792</td><td>648</td><td>304</td><td>223</td><td>-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>411</td><td>42</td><td>-37</td><td>215</td></tr><tr><td>June.</td><td>1,338</td><td>848</td><td>753</td><td>59</td><td>36</td><td>-</td><td>490</td><td>1,240</td><td>693</td><td>840</td><td>-104</td><td>-43</td><td>548</td></tr><tr><td>July.</td><td>429</td><td>91</td><td>*</td><td>53</td><td>38</td><td>-</td><td>338</td><td>664</td><td>37</td><td>80</td><td>-19</td><td>-24</td><td>627</td></tr><tr><td>Aug.</td><td>1,158</td><td>196</td><td>*</td><td>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>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>27</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><tr><td>Nov.</td><td>839</td><td>133</td><td>1</td><td>95</td><td>36</td><td>-</td><td>705</td><td>760</td><td>126</td><td>201</td><td>39</td><td>-113</td><td>633</td></tr></table>
Source: See Table 1.
1/ Includes proceeds of ship sales carried in trust accounts pending allocation to budget receipts from sale of surplus property, and District of Columbia contribution for employees' retirement fund. Figures for 1947 and 1948 include $53 million and $8 million, respectively, of armed forces leave bonds redeemed for insurance premiums; after August 31, 1947, these bonds were redeemable for cash.
2/ Includes net investments of Government agencies in public debt securities and net redemption, or issuance (-), in the market 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 l); District of Columbia contribution for employee's 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.
January 1954
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="2">Increase, or decrease (-), in Federal securities outstanding</th><th colspan="9">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>Issuance of Federal securities resulting from budget expenditures, etc., or refunds of receipts</th><th>Interest on savings bonds and Treasury bills</th><th>Net transactions in guaranteed securities not reflected in Treasurer's accounts</th></tr><tr><th></th><th></th><th></th><th></th><th>By trust funds and accounts</th><th>By Government 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>Excess profits tax refund 3/</th><th>4/</th><th></th><th></th></tr><tr><td>1946</td><td>10,740</td><td>43</td><td>10,783</td><td>3,409</td><td>3,668</td><td>159</td><td>-86</td><td>-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>1,793</td><td>2,140</td><td>-39</td><td>467</td><td>-</td><td>-19,389</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>-913</td><td>-10</td><td>559</td><td>-</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>-123</td><td>-4</td><td>580</td><td>-</td><td>-2,513</td></tr><tr><td>1950</td><td>4,587</td><td>-8</td><td>4,579</td><td>334</td><td>-405</td><td>97</td><td>-95</td><td>-2</td><td>166</td><td>-1</td><td>574</td><td>-</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>-5,795</td></tr><tr><td>1952</td><td>3,883</td><td>16</td><td>3,900</td><td>4,336</td><td>3,355</td><td>281</td><td>-68</td><td>-1</td><td>-2</td><td>-1</td><td>779</td><td>-</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>2,918</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>84</td><td>-</td><td>35</td><td>-173</td></tr><tr><td>Feb.</td><td>182</td><td>2</td><td>184</td><td>227</td><td>223</td><td>-54</td><td>-2</td><td>*</td><td>19</td><td>40</td><td>-</td><td>-134</td><td>-178</td></tr><tr><td>Mar.</td><td>-3,099</td><td>1</td><td>-3,098</td><td>101</td><td>61</td><td>38</td><td>-2</td><td>*</td><td>-19</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>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>12</td><td>-1</td><td>*</td><td>44</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>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>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>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>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>-72</td><td>457</td></tr><tr><td>Nov.</td><td>1,822</td><td>8</td><td>1,830</td><td>280</td><td>201</td><td>39</td><td>-1</td><td>*</td><td>*</td><td>41</td><td>-</td><td>108</td><td>1,659</td></tr></table>
1/ The issuances of these securities is treated as a noncash budget expenditure at the time of issuance and as a cash budget expenditures at the time of cash redemption; net issuance, or redemption (-). 2/ See Table 1, footnote 1. 3/ The issuances 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="3">Total outstanding</th><th colspan="3">Interest-bearing debt</th><th colspan="5">Matured debt and debt bearing no interest</th></tr><tr><th>Total 1/</th><th>Public debt</th><th>Guaranteed securities 2/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities 2/</th><th>Total</th><th>Total</th><th>Public debt</th><th>Monetary Fund 3/</th><th>Other 4/</th><th>Guaranteed securities 1/(matured)</th></tr><tr><td>1946</td><td>269,898</td><td>269,422</td><td>476</td><td>268,578</td><td>268,111</td><td>467</td><td>1,321</td><td>1,311</td><td>376</td><td>-</td><td>935</td><td>10</td></tr><tr><td>1947</td><td>258,376</td><td>258,286</td><td>90</td><td>255,197</td><td>255,113</td><td>83</td><td>3,179</td><td>3,173</td><td>231</td><td>1,724</td><td>1,218</td><td>6</td></tr><tr><td>1948</td><td>252,366</td><td>252,292</td><td>73</td><td>250,132</td><td>250,063</td><td>69</td><td>2,234</td><td>2,229</td><td>280</td><td>1,161</td><td>788</td><td>5</td></tr><tr><td>1949</td><td>252,798</td><td>252,770</td><td>27</td><td>250,785</td><td>250,762</td><td>24</td><td>2,012</td><td>2,009</td><td>245</td><td>1,063</td><td>701</td><td>3</td></tr><tr><td>1950</td><td>257,377</td><td>257,357</td><td>20</td><td>255,226</td><td>255,209</td><td>17</td><td>2,150</td><td>2,148</td><td>265</td><td>1,270</td><td>613</td><td>2</td></tr><tr><td>1951</td><td>255,251</td><td>255,222</td><td>29</td><td>252,879</td><td>252,852</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>264,485</td><td>51</td><td>262,430</td><td>262,380</td><td>50</td><td>2,106</td><td>2,105</td><td>316</td><td>1,258</td><td>531</td><td>1</td></tr><tr><td>April</td><td>264,642</td><td>264,590</td><td>52</td><td>262,601</td><td>262,550</td><td>51</td><td>2,041</td><td>2,040</td><td>252</td><td>1,258</td><td>529</td><td>1</td></tr><tr><td>May</td><td>266,572</td><td>266,520</td><td>52</td><td>264,496</td><td>264,445</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><tr><td>November</td><td>275,282</td><td>275,209</td><td>74</td><td>273,201</td><td>273,128</td><td>73</td><td>2,082</td><td>2,081</td><td>287</td><td>1,280</td><td>514</td><td>1</td></tr></table>
Sources: Daily Treasury Statement.
1/ Includes certain obligations not subject to statutory limitation. For amounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury. For current month detail by issues, see "Treasury Survey of Ownership".
3/ 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 Breeton Woods Agreements Act. The 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". 4/ Includes savings stamps, excess profits tax refund bonds, currency items, and notes issued to the International Bank (see footnote 3). 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 rowspan="2">Total public issues</th><th colspan="5">Marketable</th><th colspan="5">Nonmarketable</th><th rowspan="2">Special issues</th></tr><tr><th>Total</th><th>Bills</th><th>Certificate</th><th>Notes</th><th>Treasury bonds</th><th>Other bonds</th><th>Total</th><th>U. S. savings bonds</th><th>Treasury savings notes</th><th>Armed forces leaves bonds</th><th>Treasury bonds, investment series</th><th>Other</th></tr><tr><th></th><th></th><th></th><th colspan="2">Bank eligible</th><th>Bank restricted 1/</th><th>2/</th><th></th><th>3/</th><th></th><th></th><th></th><th></th></tr><tr><td>1946......</td><td>268,111</td><td>245,779</td><td>189,606</td><td>17,039</td><td>34,804</td><td>18,261</td><td>65,864</td><td>53,459</td><td>180</td><td>56,173</td><td>49,035</td><td>6,711</td><td>-</td><td>427</td><td>22,332</td></tr><tr><td>1947......</td><td>255,113</td><td>227,747</td><td>168,702</td><td>15,775</td><td>25,296</td><td>8,142</td><td>69,686</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>219,852</td><td>160,346</td><td>13,757</td><td>22,586</td><td>11,375</td><td>62,826</td><td>49,636</td><td>164</td><td>59,506</td><td>53,274</td><td>4,394</td><td>563</td><td>959</td><td>316</td><td>30,211</td></tr><tr><td>1949......</td><td>250,762</td><td>217,986</td><td>155,147</td><td>11,536</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>252,852</td><td>215,198</td><td>137,917</td><td>13,614</td><td>9,509</td><td>35,806</td><td>42,772</td><td>36,061</td><td>156</td><td>80,281</td><td>57,572</td><td>7,818</td><td>47</td><td>14,526</td><td>319</td><td>34,653</td></tr><tr><td>1952......</td><td>256,863</td><td>219,124</td><td>140,407</td><td>17,219</td><td>28,423</td><td>18,963</td><td>48,200</td><td>27,460</td><td>142</td><td>78,717</td><td>57,685</td><td>6,612</td><td>-</td><td>14,046</td><td>373</td><td>37,739</td></tr><tr><td>1953......</td><td>263,946</td><td>223,408</td><td>147,335</td><td>19,707</td><td>15,854</td><td>30,425</td><td>63,980</td><td>17,245</td><td>124</td><td>76,073</td><td>57,886</td><td>4,453</td><td>-</td><td>13,288</td><td>447</td><td>40,538</td></tr><tr><td>Debt peak: 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>265,489</td><td>226,137</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>223,025</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>76,252</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>21,659</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>40,980</td></tr><tr><td>Sept......</td><td>270,744</td><td>229,785</td><td>152,804</td><td>19,508</td><td>26,369</td><td>33,578</td><td>59,837</td><td>13,406</td><td>107</td><td>75,982</td><td>57,795</td><td>5,639</td><td>-</td><td>13,088</td><td>459</td><td>40,954</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><tr><td>Nov......</td><td>273,128</td><td>232,115</td><td>154,726</td><td>19,509</td><td>26,386</td><td>33,249</td><td>62,074</td><td>13,402</td><td>107</td><td>77,389</td><td>57,806</td><td>6,204</td><td>-</td><td>12,927</td><td>452</td><td>41,013</td></tr></table>
Source: Daily Treasury Statement. 1/ Issues which commercial banks (banks accepting demand deposits) are not permitted to acquire prior to specified dates, except that: (1) concurrently with the 4th, 5th, and 6th War Loans and the Victory Loan, they were permitted to subscribe for limited investment of their savings deposits; (2) they may temporarily acquire such issues through forfeiture of colateral; (3) they may hold a limited amount of such issues for
2/ Consists of postal savings and Panama Canal bonds, and also conversion bonds prior to 1947.
3/ Consists of depository bonds.
January 1954
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 funds</th><th>Government Life Insurance Fund</th><th>National Services Life Insurance Fund</th><th>Poetel 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>5,240</td><td>732</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>6,935</td><td>1,912</td><td>1,374</td><td>7,500</td><td>11</td></tr><tr><td>1949</td><td>32,776</td><td>666</td><td>117</td><td>9,003</td><td>95</td><td>3,270</td><td>1,318</td><td>7,288</td><td>1,952</td><td>1,720</td><td>7,340</td><td>7</td></tr><tr><td>1950</td><td>32,356</td><td>809</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>5,014</td><td>1,300</td><td>5,191</td><td>552</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>1,292</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>854</td><td>44</td><td>14,734</td><td>56</td><td>5,370</td><td>1,285</td><td>5,164</td><td>520</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>5,169</td><td>499</td><td>3,008</td><td>8,159</td><td>15</td></tr><tr><td>March</td><td>39,354</td><td>895</td><td>50</td><td>14,918</td><td>56</td><td>5,388</td><td>1,276</td><td>5,159</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>39,710</td><td>831</td><td>50</td><td>15,204</td><td>58</td><td>5,389</td><td>1,264</td><td>5,129</td><td>463</td><td>3,033</td><td>8,264</td><td>25</td></tr><tr><td>June</td><td>40,538</td><td>846</td><td>50</td><td>15,532</td><td>61</td><td>5,602</td><td>1,299</td><td>5,249</td><td>452</td><td>3,128</td><td>8,287</td><td>32</td></tr><tr><td>July</td><td>40,594</td><td>846</td><td>50</td><td>15,618</td><td>52</td><td>5,605</td><td>1,295</td><td>5,249</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>1,226</td><td>5,239</td><td>412</td><td>3,175</td><td>8,458</td><td>7</td></tr><tr><td>November</td><td>41,013</td><td>803</td><td>53</td><td>15,819</td><td>57</td><td>5,642</td><td>1,222</td><td>5,229</td><td>376</td><td>3,222</td><td>8,582</td><td>7</td></tr></table>
Source: Daily Treasury Statement. 1/ Includes Canal Zone Postal Savings System. 2/ Consists of Adjusted Service Certificate Fund, various housing insurance
funds, Farm Tenant Mortgage Insurance Fund, and Veterans' Special Term Insurance Fund.
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Total interest-bearing securities</th><th colspan="8">Computed annual interest rates</th></tr><tr><th>Amount outstanding</th><th>Computed annual interest charge</th><th>Total interest-bearing securities</th><th colspan="6">Public debt</th><th>Guaranteed securities</th></tr><tr><th></th><th>Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Public debt and guaranteed securities 1/</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 1/</th><th>Guaranteed securities 1/</th></tr><tr><td>1946.</td><td>268,578</td><td>268,111</td><td>5,357</td><td>1.995</td><td>1.996</td><td>1.773</td><td>.381</td><td>.875</td><td>1.289</td><td>2.307</td><td>2.567</td><td>2.448</td><td>1.410</td></tr><tr><td>1947.</td><td>255,197</td><td>255,113</td><td>5,376</td><td>2.107</td><td>2.107</td><td>1.871</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>1.314</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>1.981</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>2.578</td></tr><tr><td>1953.</td><td>263,997</td><td>263,946</td><td>6,432</td><td>2.438</td><td>2.438</td><td>2.207</td><td>2.254</td><td>2.319</td><td>1.754</td><td>2.342</td><td>2.720</td><td>2.746</td><td>2.575</td></tr><tr><td>1953-January.</td><td>265,370</td><td>265,323</td><td>6,263</td><td>2.361</td><td>2.361</td><td>2.112</td><td>2.008</td><td>1.897</td><td>1.755</td><td>2.320</td><td>2.679</td><td>2.677</td><td>2.567</td></tr><tr><td>February.</td><td>265,538</td><td>265,489</td><td>6,313</td><td>2.378</td><td>2.378</td><td>2.141</td><td>2.047</td><td>2.088</td><td>1.755</td><td>2.321</td><td>2.681</td><td>2.677</td><td>2.577</td></tr><tr><td>March.</td><td>262,430</td><td>262,380</td><td>6,257</td><td>2.385</td><td>2.385</td><td>2.146</td><td>2.074</td><td>2.088</td><td>1.754</td><td>2.321</td><td>2.690</td><td>2.677</td><td>2.575</td></tr><tr><td>April.</td><td>262,601</td><td>262,550</td><td>6,270</td><td>2.389</td><td>2.389</td><td>2.151</td><td>2.118</td><td>2.088</td><td>1.754</td><td>2.321</td><td>2.691</td><td>2.676</td><td>2.575</td></tr><tr><td>May.</td><td>264,496</td><td>264,445</td><td>6,348</td><td>2.401</td><td>2.401</td><td>2.170</td><td>2.173</td><td>2.088</td><td>1.754</td><td>2.339</td><td>2.707</td><td>2.675</td><td>2.575</td></tr><tr><td>June.</td><td>263,997</td><td>263,946</td><td>6,432</td><td>2.438</td><td>2.438</td><td>2.207</td><td>2.254</td><td>2.319</td><td>1.754</td><td>2.342</td><td>2.720</td><td>2.746</td><td>2.575</td></tr><tr><td>July.</td><td>270,665</td><td>270,603</td><td>6,595</td><td>2.438</td><td>2.438</td><td>2.214</td><td>2.221</td><td>2.368</td><td>1.753</td><td>2.342</td><td>2.722</td><td>2.751</td><td>2.562</td></tr><tr><td>August.</td><td>271,207</td><td>271,145</td><td>6,622</td><td>2.443</td><td>2.443</td><td>2.221</td><td>2.187</td><td>2.450</td><td>1.753</td><td>2.342</td><td>2.723</td><td>2.750</td><td>2.561</td></tr><tr><td>September</td><td>270,806</td><td>270,744</td><td>6,648</td><td>2.456</td><td>2.456</td><td>2.242</td><td>2.067</td><td>2.482</td><td>1.852</td><td>2.380</td><td>2.723</td><td>2.751</td><td>2.560</td></tr><tr><td>October.</td><td>271,356</td><td>271,291</td><td>6,605</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><tr><td>November.</td><td>273,201</td><td>273,128</td><td>6,619</td><td>2.424</td><td>2.424</td><td>2.188</td><td>1.583</td><td>2.482</td><td>1.847</td><td>2.391</td><td>2.722</td><td>2.749</td><td>2.552</td></tr></table>
Source: Daily Treasury Statement. 1/ Excludes guaranteed securities held by the Treasury. 2/ Total includes "Other bonds"; see Table 2. 3/ Included in debt outstanding at face amount, but discount value is used
4/ In computing annual interest charge and annual interest rates. 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 Administration 4/</th><th>Foreign Operations Administration 5/</th><th>Public Housing Administration</th><th>Reconstruction Finance Corporation 3/</th><th>Rural Electrification Administration</th><th>Secret-ary of Agricul-ture 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>550</td></tr><tr><td>1948......</td><td>2,789</td><td>440</td><td>-</td><td>971</td><td>-</td><td>-</td><td>362</td><td>8/</td><td>718</td><td>-</td><td>54</td><td>244</td></tr><tr><td>1949......</td><td>6,851</td><td>1,669</td><td>-</td><td>914</td><td>-</td><td>782</td><td>337</td><td>1,856</td><td>1,015</td><td>-</td><td>52</td><td>286</td></tr><tr><td>1950......</td><td>8,423</td><td>3,193</td><td>-</td><td>964</td><td>1</td><td>964</td><td>349</td><td>1,456</td><td>1,281</td><td>65</td><td>49</td><td>100</td></tr><tr><td>1951......</td><td>9,097</td><td>2,555</td><td>158</td><td>1,040</td><td>1,579</td><td>1,097</td><td>489</td><td>274</td><td>1,540</td><td>114</td><td>44</td><td>207</td></tr><tr><td>1952......</td><td>9,636</td><td>1,970</td><td>395</td><td>1,088</td><td>2,082</td><td>1,150</td><td>655</td><td>197</td><td>1,751</td><td>131</td><td>39</td><td>178</td></tr><tr><td>1953......</td><td>12,196</td><td>3,612</td><td>416</td><td>1,227</td><td>2,513</td><td>1,189</td><td>655</td><td>159</td><td>1,950</td><td>171</td><td>34</td><td>270</td></tr><tr><td>1953-Jan..</td><td>10,709</td><td>2,401</td><td>348</td><td>1,154</td><td>2,328</td><td>1,176</td><td>795</td><td>183</td><td>1,895</td><td>147</td><td>34</td><td>247</td></tr><tr><td>Feb..</td><td>10,953</td><td>2,608</td><td>345</td><td>1,150</td><td>2,361</td><td>1,180</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>142</td><td>29</td><td>270</td></tr><tr><td>Aug..</td><td>12,532</td><td>3,798</td><td>424</td><td>1,373</td><td>2,572</td><td>1,191</td><td>581</td><td>159</td><td>1,983</td><td>152</td><td>29</td><td>294</td></tr><tr><td>Sept.</td><td>12,832</td><td>3,962</td><td>429</td><td>1,429</td><td>2,564</td><td>1,192</td><td>619</td><td>159</td><td>1,983</td><td>172</td><td>29</td><td>294</td></tr><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><tr><td>Nov..</td><td>13,079</td><td>4,148</td><td>470</td><td>1,504</td><td>2,514</td><td>1,195</td><td>532</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 raising 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 August 1953), and the Secretary of the Treasury (to whom the activities of the Reconstruction Finance Corporation under this act were transferred pursuant to Public Law 163, approved July 30, 1953, and Executive Order No. 10489, dated September 26, 1953).
3/ Excludes securities issued under Defense Production Act.
4/ Consists of slim clearance program; Federal National Mortgage Association
5/ This Administration superseded the Mutual Security Agency on August 1, 1953, pursuant to Reorganization Plan No. 7 of 1953 and Executive Order 10476, dated August 1, 1953.
6/ For Farmers' Home Administration program.
7/ Consists of notes issued by Federal Farm Mortgage Corporation and Home Owners' Loan Corporation prior to 1950, Virgin Islands Company 1948-49, and Secretary of the Army (Natural Fibers Revolving Fund) 1949-51, and advances under agreement with Veterans' Administration for direct loan program beginning August 1950.
8/ Notes outstanding in the amount of $9,365 million, including interest, were canceled on June 30, 1948, pursuant to the Government Corporations Appropriation Act, 1949 (62 Stat. 1187).
Table 6.- Status of the General Fund of the Treasury
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total</th><th colspan="2">Bullion, coin, and currency</th><th colspan="2">Deposits in Federal Reserve Banks</th><th rowspan="2">Deposits in special depositaries</th><th rowspan="2">Other deposits and collections</th><th rowspan="2">Liabilities</th><th rowspan="2">Balance in the General Fund</th></tr><tr><th>Gold</th><th>Other</th><th>Available funds</th><th>In process of collection</th></tr><tr><td>1946</td><td>14,708</td><td>150</td><td>243</td><td>1,006</td><td>-</td><td>12,993</td><td>305</td><td>470</td><td>11,238</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>313</td><td>422</td><td>3,308</td></tr><tr><td>1948</td><td>5,370</td><td>1,073</td><td>121</td><td>1,928</td><td>123</td><td>1,773</td><td>283</td><td>438</td><td>4,932</td></tr><tr><td>1949</td><td>3,862</td><td>1,022</td><td>219</td><td>438</td><td>173</td><td>1,772</td><td>309</td><td>392</td><td>3,470</td></tr><tr><td>1950</td><td>5,927</td><td>1,052</td><td>131</td><td>950</td><td>143</td><td>3,268</td><td>323</td><td>410</td><td>5,517</td></tr><tr><td>1951</td><td>7,871</td><td>1,046</td><td>176</td><td>338</td><td>250</td><td>5,680</td><td>380</td><td>514</td><td>7,357</td></tr><tr><td>1952</td><td>7,481</td><td>1,009</td><td>124</td><td>333</td><td>355</td><td>5,126</td><td>484</td><td>512</td><td>6,969</td></tr><tr><td>1953</td><td>5,096</td><td>984</td><td>161</td><td>132</td><td>210</td><td>3,071</td><td>538</td><td>426</td><td>4,670</td></tr><tr><td>1952-December</td><td>5,582</td><td>1,007</td><td>160</td><td>389</td><td>176</td><td>4,368</td><td>483</td><td>518</td><td>6,064</td></tr><tr><td>1953-January</td><td>6,278</td><td>1,002</td><td>124</td><td>811</td><td>350</td><td>3,318</td><td>603</td><td>589</td><td>5,689</td></tr><tr><td>February</td><td>6,564</td><td>989</td><td>186</td><td>351</td><td>174</td><td>4,376</td><td>488</td><td>540</td><td>6,024</td></tr><tr><td>March</td><td>7,351</td><td>1,002</td><td>179</td><td>222</td><td>448</td><td>4,983</td><td>516</td><td>443</td><td>6,908</td></tr><tr><td>April</td><td>4,099</td><td>986</td><td>169</td><td>393</td><td>190</td><td>1,859</td><td>513</td><td>527</td><td>3,582</td></tr><tr><td>May</td><td>4,086</td><td>988</td><td>172</td><td>221</td><td>128</td><td>2,109</td><td>489</td><td>447</td><td>3,639</td></tr><tr><td>June</td><td>5,096</td><td>984</td><td>161</td><td>132</td><td>210</td><td>3,071</td><td>538</td><td>426</td><td>4,670</td></tr><tr><td>July</td><td>9,115</td><td>999</td><td>146</td><td>548</td><td>131</td><td>6,690</td><td>550</td><td>374</td><td>8,741</td></tr><tr><td>August</td><td>8,113</td><td>993</td><td>158</td><td>496</td><td>96</td><td>5,825</td><td>545</td><td>439</td><td>7,674</td></tr><tr><td>September</td><td>7,854</td><td>1,002</td><td>161</td><td>642</td><td>183</td><td>5,255</td><td>611</td><td>376</td><td>7,478</td></tr><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>355</td><td>5,126</td></tr><tr><td>November</td><td>6,292</td><td>487</td><td>164</td><td>451</td><td>81</td><td>4,545</td><td>566</td><td>369</td><td>5,923</td></tr></table>
Source: Daily Treasury Statement. 1/ On account of withheld taxes and sales of Government securities.
January 1954
13
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended, (31 U.S.C. 757 b), provides that the face amount of obligations issued under authority of that act, and the face amount of obligations guaranteed as to principal and interest by the United States (except guaranteed obligations held by the Secretary of the Treasury), shall not exceed in the
aggregate $275 billion outstanding at any one time. Obligations issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are included in the statutory debt limitation at current redemption values.
Table 1.- Status under Limitation, November 30, 1953
(In millions of dollars)
<table><tr><td>Maximum amount of securities which may be outstanding at any one time, under limitation imposed by the act of June 26, 1945 (31 U.S.C. 757 b).</td><td>275,000</td></tr><tr><td colspan="2">Amount of securities outstanding subject to such statutory debt limitation:</td></tr><tr><td>U.S. Government securities issued under the Second Liberty Bond Act, as amended.</td><td>274,633</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury).</td><td>74</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>274,707</td></tr><tr><td>Balance issuable under limitation.</td><td>293</td></tr></table>
Source: Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding November 30, 1953
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td><b>Public debt:</b></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td></tr><tr><td>Marketable:</td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>19,509</td><td>-</td><td>19,509</td></tr><tr><td>Certificates of indebtedness</td><td>26,386</td><td>-</td><td>26,386</td></tr><tr><td>Treasury notes</td><td>33,249</td><td>-</td><td>33,249</td></tr><tr><td>Treasury bonds - bank eligible</td><td>62,074</td><td>-</td><td>62,074</td></tr><tr><td>Treasury bonds - bank restricted 1/</td><td>13,402</td><td>-</td><td>13,402</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>154,619</td><td>107</td><td>154,726</td></tr><tr><td>Normarketable:</td><td></td><td></td><td></td></tr><tr><td>U. S. savings bonds (current redemption value)</td><td>57,806</td><td>-</td><td>57,806</td></tr><tr><td>Treasury savings notes</td><td>6,204</td><td>-</td><td>6,204</td></tr><tr><td>Depositary bonds</td><td>452</td><td>-</td><td>452</td></tr><tr><td>Treasury bonds, investment series</td><td>12,927</td><td>-</td><td>12,927</td></tr><tr><td>Total normarketable</td><td>77,389</td><td>-</td><td>77,389</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>41,013</td><td>-</td><td>41,013</td></tr><tr><td>Total interest-bearing securities</td><td>273,021</td><td>107</td><td>273,128</td></tr><tr><td>Matured securities on which interest has ceased</td><td>283</td><td>5</td><td>287</td></tr><tr><td><b>Debt bearing no interest:</b></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></td><td></td><td></td></tr><tr><td>International Monetary Fund Series</td><td>1,280</td><td>-</td><td>1,280</td></tr><tr><td>United States notes (less gold reserve)</td><td>-</td><td>191</td><td>191</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>-</td><td>268</td><td>268</td></tr><tr><td>Other debt bearing no interest</td><td>-</td><td>6</td><td>6</td></tr><tr><td>Total debt bearing no interest</td><td>1,329</td><td>464</td><td>1,794</td></tr><tr><td>Total public debt</td><td>274,633</td><td>575</td><td>275,209</td></tr><tr><td><b>Guaranteed securities: 2/</b></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>73</td><td>-</td><td>73</td></tr><tr><td>Matured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>74</td><td>-</td><td>74</td></tr><tr><td>Total public debt and guaranteed securities</td><td>274,707</td><td>575</td><td>275,282</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.
Treasury Bulletin
14
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding November 30, 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 matur- ity issues</th><th>Callable issues classified by year of: First call</th><th>Final matur- ity</th><th>Fixed matur- ity issues</th><th>Callable issues classified by year of: First call</th><th>Final matur- ity</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>Dec.</td><td>Bills 2-1/8% Note - 12/1/53-A</td><td>7,502r 10,042</td><td>-</td><td>-</td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59 2-7/8% Note - 3/15/57-A</td><td>-</td><td>927</td><td>-</td><td>-</td></tr><tr><td></td><td>Total</td><td>17,544</td><td>-</td><td>-</td><td>Apr.</td><td>1-1/2% Note - 4/1/57-EA</td><td>2,996</td><td>531</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Oct.</td><td>1-1/2% Note - 10/1/57-BO</td><td>824</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1954</td><td></td><td></td><td></td><td></td><td></td><td>Total</td><td>4,352</td><td>927</td><td>-</td><td>-</td></tr><tr><td>Jan.</td><td>Bills</td><td>6,003r</td><td>-</td><td>-</td><td>1958</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>Bills 2-1/4% Certificate - 2/15/54-A</td><td>6,004 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 - 3/15/54-A 2-1/2% Certificate (Tax Anticipation Series) 3/22/54-C</td><td>4,675 5,902</td><td>-</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 1/ - 12/15/51-55 2-1/4% Bond 5/ - 6/15/52-55 2% Bond 4/ - 12/15/52-54 2-1/4% Bond 4/ - 6/15/54-56 2-5/8% Certificate - 6/1/54-B</td><td>5,825 1,501 8,662 681 4,858</td><td>510</td><td>-</td><td>June.</td><td>2-3/8% Bond - 6/15/58 2-3/4% Bond - 6/15/58-63</td><td>4,245</td><td>919</td><td>-</td><td>-</td></tr><tr><td>Aug.</td><td>2-5/8% Certificate - 8/15/54-D</td><td>2,788</td><td>-</td><td>-</td><td>Oct.</td><td>1-1/2% Note - 10/1/58-BO</td><td>22</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept.</td><td>2-5/8% Certificate - 9/15/54-E</td><td>4,724</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>Dec.</td><td>2% Bond - 12/15/52-54</td><td>-</td><td>-</td><td>8,662</td><td>Total</td><td>5,270</td><td>919</td><td>1,449</td><td>-</td><td>-</td></tr><tr><td></td><td>Total</td><td>48,893</td><td>11,354</td><td>8,662</td><td>1959</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955</td><td></td><td></td><td></td><td></td><td>Mar.</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>-</td><td>927</td><td>-</td></tr><tr><td>Mar.</td><td>1-1/2% Note - 3/15/55-A 2-7/8% Bond - 3/15/55-60</td><td>5,365 2,611</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>June.</td><td>2-1/4% Bond - 6/15/52-55</td><td>-</td><td>-</td><td>1,501</td><td>Sept.</td><td>2-3/4% Bond - 9/15/56-59 2-1/4% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>982 3,822</td><td>-</td></tr><tr><td>Dec.</td><td>2% Bond - 12/15/51-55 1-3/4% Note - 12/15/55-B</td><td>6,854</td><td>-</td><td>510</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></td><td>Total</td><td>12,219</td><td>2,611</td><td>2,011</td><td>Total</td><td>-</td><td>8,744</td><td>5,730</td><td>-</td><td>-</td></tr><tr><td>1956</td><td></td><td></td><td></td><td></td><td>1960</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>1,449</td><td>-</td><td>Mar.</td><td>2-7/8% Bond - 3/15/55-60</td><td>-</td><td>-</td><td>2,611</td><td>-</td></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>-</td><td>681</td><td>Total</td><td>-</td><td>1,485</td><td>2,611</td><td>-</td><td>-</td></tr><tr><td>Sept.</td><td>2-3/4% Bond - 9/15/56-59 2-1/4% Bond - 9/15/56-59</td><td>-</td><td>982 3,822</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>1-1/2% Note - 10/1/56-BO</td><td>550</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td>1,557</td><td>6,252</td><td>681</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
(Continued on following page)
Footnotes at end of table.
January 1954
15
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding November 30, 1953 1/ - (Continued)
(In millions of dollars)
<table><tr><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th><th>Date bank restricted issues become eligible 3/</th><th>Year and month</th><th>Description of security 2/</th><th colspan="3">Amount of maturities</th><th>Date bank restricted issues become eligible 3/</th></tr><tr><th></th><th></th><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th></th><th></th><th></th><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th></th></tr><tr><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th></tr><tr><td>1961</td><td></td><td></td><td></td><td></td><td></td><td>1967</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>3% Panama Canal bond - 6/1/61</td><td>50</td><td>-</td><td>-</td><td>June</td><td>2-1/2% Bond - 6/15/62-67</td><td>-</td><td>-</td><td>2,116</td><td>-</td><td>6/15/62</td></tr><tr><td>Sept.</td><td>2-3/4% Bond - 9/15/61</td><td>2,239</td><td>-</td><td>-</td><td>Sept.</td><td>2-1/2% Bond - 6/15/67-72</td><td>-</td><td>1,892</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>Total</td><td>2,289</td><td>-</td><td>-</td><td>Dec.</td><td>2-1/2% Bond - 9/15/67-72</td><td>-</td><td>2,716</td><td>-</td><td>-</td><td>12/15/62</td></tr><tr><td>1962</td><td></td><td></td><td></td><td></td><td></td><td>Dec.</td><td>2-1/2% Bond - 12/15/67-72</td><td>-</td><td>3,827</td><td>-</td><td>-</td></tr><tr><td>June</td><td>2-1/4% Bond - 6/15/59-62</td><td>-</td><td>-</td><td>5,278</td><td></td><td>Total</td><td>-</td><td>8,435</td><td>2,116</td><td>-</td><td></td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 6/15/62-67</td><td>-</td><td>2,116</td><td>-</td><td>1968</td><td></td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>-</td><td>2,827</td><td>-</td></tr><tr><td></td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>-</td><td>3,466</td><td>Dec.</td><td></td><td></td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>Total</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</td><td></td><td></td><td></td><td></td><td>1969</td><td></td><td>2-1/2% Bond - 6/15/64-69</td><td>-</td><td>-</td><td>3,755</td><td>-</td></tr><tr><td>June</td><td>2-3/4% Bond - 6/15/58-63</td><td>-</td><td>-</td><td>919</td><td>Dec.</td><td>2-1/2% Bond - 12/15/64-69</td><td>-</td><td>-</td><td>3,832</td><td>-</td><td></td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>2,827</td><td>-</td><td></td><td>Total</td><td>-</td><td>-</td><td>7,587</td><td>-</td><td></td></tr><tr><td></td><td>Total</td><td>-</td><td>2,827</td><td>919</td><td>1970</td><td></td><td>2-1/2% Bond - 3/15/65-70</td><td>-</td><td>-</td><td>4,720</td><td>2/1/54</td></tr><tr><td>1964</td><td></td><td></td><td></td><td></td><td>1971</td><td></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>June</td><td>2-1/2% Bond - 6/15/64-69</td><td>-</td><td>3,755</td><td>-</td><td>Mar.</td><td></td><td></td><td>-</td><td>-</td><td>-</td><td></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>1972</td><td></td><td>2-1/2% Bond - 6/15/67-72</td><td>-</td><td>-</td><td>1,892</td><td>6/15/62</td></tr><tr><td></td><td>Total</td><td>-</td><td>7,587</td><td>-</td><td>Sept.</td><td>2-1/2% Bond - 9/15/67-72</td><td>-</td><td>-</td><td>2,716</td><td>-</td><td></td></tr><tr><td>1965</td><td></td><td></td><td></td><td></td><td>Dec.</td><td>2-1/2% Bond - 12/15/67-72</td><td>-</td><td>-</td><td>3,827</td><td>12/15/62</td><td></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/65-70</td><td>-</td><td>4,720</td><td>-</td><td></td><td>Total</td><td>-</td><td>-</td><td>8,435</td><td>-</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>1978</td><td></td><td>3-1/4% Bond - 6/15/78-83</td><td>-</td><td>1,606</td><td>-</td><td></td></tr><tr><td></td><td>Total</td><td>-</td><td>4,720</td><td>1,485</td><td>June</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1966</td><td></td><td></td><td></td><td></td><td>1983</td><td></td><td>3-1/4% Bond - 6/15/78-83</td><td>-</td><td>-</td><td>1,606</td><td></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/66-71</td><td>-</td><td>2,962</td><td>-</td><td>June</td><td></td><td></td><td>-</td><td>-</td><td>-</td><td></td></tr></table>
Sources: Daily Treasury Statement and Bureau of the Public Debt.
1/ Excludes postal savings bonds.
2/ It should be noted that callable issues appear twice in this column, once in the year of first call and again in the year of final maturity. Callable issues with respect to which a definite notice of call has been made, however, are listed as fixed maturities. For date of issue of each security, see "Market Quotations"; for tax status, see "Treasury Survey of Ownership".
3/ Bank restricted issues may not be acquired by commercial banks (with minor exceptions) prior to specified dates; see "Debt Outstanding", Table 2, footnote 1.
4/ Not called for redemption on December 15, 1953. Callable on four months' notice on June 15, 1954, succeeding interest payment date.
5/ Not called for redemption on December 15, 1953. Will mature on June 15, 1954. 
r Revised.
16
Treasury Bulletin
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
<table><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th><th>Amount of bids tendered</th><th colspan="4">Amount of bids accepted</th><th>Amount maturing on issue date of new offering</th><th>Total unma-tured issues outstanding after new issues</th></tr><tr><th></th><th></th><th></th><th></th><th>Total amount</th><th>On compet-itive basis</th><th>On noncompeti-tive basis 1/</th><th>In exchange</th><th></th><th></th></tr><tr><td>1953-Aug. 6.</td><td>1953-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>1,201.1</td><td>300.4</td><td>154.2</td><td>1,501.2</td><td>19,406.7</td></tr><tr><td>Aug. 27.</td><td>Nov. 27.</td><td>92</td><td>2,545.6</td><td>1,501.5</td><td>1,252.3</td><td>249.2</td><td>192.7</td><td>1,500.8</td><td>19,407.5</td></tr><tr><td>Sept. 3.</td><td>Dec. 3.</td><td>91</td><td>2,368.2</td><td>1,500.5</td><td>1,270.5</td><td>230.0</td><td>175.7</td><td>1,500.3</td><td>19,407.6</td></tr><tr><td>Sept. 10.</td><td>Dec. 10.</td><td>91</td><td>2,023.1</td><td>1,500.5</td><td>1,278.5</td><td>222.0</td><td>92.7</td><td>1,400.0</td><td>19,508.2</td></tr><tr><td>Sept. 17.</td><td>Dec. 17.</td><td>91</td><td>2,555.8</td><td>1,500.3</td><td>1,169.2</td><td>331.1</td><td>193.4</td><td>1,500.5</td><td>19,508.0</td></tr><tr><td>Sept. 24.</td><td>Dec. 24.</td><td>91</td><td>2,150.0</td><td>1,499.9</td><td>1,213.2</td><td>286.7</td><td>258.2</td><td>1,500.2</td><td>19,507.7</td></tr><tr><td>Oct. 1.</td><td>Dec. 31.</td><td>91</td><td>2,366.9</td><td>1,500.9</td><td>1,279.6</td><td>221.3</td><td>240.7</td><td>1,500.3</td><td>19,508.3</td></tr><tr><td>Oct. 8.</td><td>1954-Jan. 7.</td><td>91</td><td>2,541.7</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.</td><td>Feb. 4.</td><td>91</td><td>2,066.3</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.</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.</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.</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>19,508.6</td></tr><tr><td>Dec. 3 p.</td><td>Mar. 4.</td><td>91</td><td>2,024.9</td><td>1,500.3</td><td>1,286.4</td><td>213.9</td><td>205.1</td><td>1,500.5</td><td>19,508.4</td></tr><tr><td>Dec. 10 p.</td><td>Mar. 11.</td><td>91</td><td>1,999.1</td><td>1,500.7</td><td>1,269.2</td><td>231.5</td><td>154.8</td><td>1,500.5</td><td>19,508.6</td></tr><tr><td>Dec. 17 p.</td><td>Mar. 18.</td><td>91</td><td>2,216.4</td><td>1,500.5</td><td>1,224.6</td><td>275.9</td><td>214.7</td><td>1,500.3</td><td>19,508.8</td></tr><tr><td>Dec. 24 p.</td><td>Mar. 25.</td><td>91</td><td>2,290.3</td><td>1,501.3</td><td>1,259.4</td><td>241.9</td><td>299.4</td><td>1,499.9</td><td>19,510.1</td></tr><tr><td>Dec. 31 p.</td><td>Apr. 1.</td><td>91</td><td>2,334.7</td><td>1,502.3</td><td>1,295.7</td><td>206.6</td><td>316.9</td><td>1,500.9</td><td>19,511.5</td></tr></table>
<table><tr><th rowspan="2">Issue date</th><th colspan="2">On total bids accepted -</th><th colspan="4">On competitive bids accepted -</th></tr><tr><th>Average price per hundred</th><th>Equivalent average rate 2/ (Percent)</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th>Price per hundred</th><th>Equivalent rate 2/ (Percent)</th><th>Price per hundred</th><th>Equivalent rate 2/ (Percent)</th></tr><tr><td>1953-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>99.652</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.........</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.........</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.........</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.........</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><tr><td>Dec. 3 p.........</td><td>99.598</td><td>1.589</td><td>99.638</td><td>1.432</td><td>99.592</td><td>1.61k</td></tr><tr><td>Dec. 10 p.........</td><td>99.595</td><td>1.603</td><td>99.615 1/</td><td>1.523</td><td>99.589</td><td>1.626</td></tr><tr><td>Dec. 17 p.........</td><td>99.575</td><td>1.682</td><td>99.621</td><td>1.499</td><td>99.570</td><td>1.701</td></tr><tr><td>Dec. 24 p.........</td><td>99.569</td><td>1.704</td><td>99.610</td><td>1.543</td><td>99.566</td><td>1.717</td></tr><tr><td>Dec. 31 p.........</td><td>99.602</td><td>1.574</td><td>99.607</td><td>1.555</td><td>99.601</td><td>1.578</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 99.684. 4/ Except $300,000 at 99.638. p Preliminary.
January 1954
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="2">Period to -</th><th colspan="2">Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th rowspan="2">Allotment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>First call</th><th>Cash 1/</th><th>Exchange</th><th>For cash 1/</th><th>In exchange for other securities</th></tr><tr><td>1/19/49</td><td>2/1/49</td><td>1-1/4% Certificate - 2/1/50-B</td><td>1 yr</td><td></td><td>-</td><td>1,993</td><td>-</td><td>1,993</td><td>100</td></tr><tr><td>2/15/49</td><td>3/1/49</td><td>1-1/4% Certificate - 3/1/50-C</td><td>1 yr</td><td></td><td>-</td><td>2,922</td><td>-</td><td>2,922</td><td>100</td></tr><tr><td>3/21/49</td><td>4/1/49</td><td>1-1/4% Certificate - 4/1/50-D</td><td>1 yr</td><td></td><td>-</td><td>963</td><td>-</td><td>963</td><td>100</td></tr><tr><td>5/19/49</td><td>6/1/49</td><td>1-1/4% Certificate - 6/1/50-E</td><td>1 yr</td><td></td><td>-</td><td>5,019</td><td>-</td><td>5,019</td><td>100</td></tr><tr><td>6/20/49</td><td>7/1/49</td><td>1-1/4% Certificate - 7/1/50-F</td><td>1 yr</td><td></td><td>-</td><td>5,601</td><td>-</td><td>5,601</td><td>100</td></tr><tr><td>8/21/49</td><td>9/15/49</td><td>1-1/8% Certificate - 9/15/50-G</td><td>1 yr</td><td></td><td>-</td><td>1,197</td><td>-</td><td>1,197</td><td>100</td></tr><tr><td>9/20/49</td><td>10/1/49</td><td>1-1/8% Certificate - 10/1/50-H</td><td>1 yr</td><td></td><td>-</td><td>6,248</td><td>-</td><td>6,248</td><td>100</td></tr><tr><td>12/5/49</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>4,675</td><td>-</td><td>4,675</td><td>100</td></tr><tr><td>12/19/49</td><td>1/1/50</td><td>1-1/8% Certificate - 1/1/51-A</td><td>1 yr</td><td></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>1,918</td><td>-</td><td>1,918</td><td>100</td></tr><tr><td>2/17/50</td><td>3/1/50</td><td>1-1/4% Note - 7/1/51-B</td><td>1 yr 4 m</td><td></td><td>-</td><td>2,781</td><td>-</td><td>2,781</td><td>100</td></tr><tr><td>2/17/50</td><td>3/15/50</td><td>1-1/2% Note - 3/15/55-A</td><td>5 yr</td><td></td><td>-</td><td>5,365</td><td>-</td><td>5,365</td><td>100</td></tr><tr><td>3/20/50</td><td>4/1/50</td><td>1-1/4% Note - 7/1/51-C</td><td>1 yr 3 m</td><td></td><td>-</td><td>886</td><td>-</td><td>886</td><td>100</td></tr><tr><td>5/22/50</td><td>6/1/50</td><td>1-1/4% Note - 7/1/51-D</td><td>1 yr 1 m</td><td></td><td>-</td><td>4,818</td><td>-</td><td>4,818</td><td>100</td></tr><tr><td>6/21/50</td><td>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>5,351</td><td>-</td><td>5,351</td><td>100</td></tr><tr><td>9/15/50</td><td>9/15/50</td><td>1-1/4% Note - 10/15/51-F</td><td>1 yr 1 m</td><td></td><td>-</td><td>5,941</td><td>-</td><td>5,941</td><td>100</td></tr><tr><td>9/18/50</td><td>10/1/50</td><td>1-1/4% Note - 11/1/51-G</td><td>1 yr 1 m</td><td></td><td>-</td><td>5,253</td><td>-</td><td>5,253</td><td>100</td></tr><tr><td>12/4/50</td><td>12/15/50</td><td>1-3/4% Note - 12/15/55-B</td><td>5 yr</td><td></td><td>-</td><td>6,854</td><td>-</td><td>6,854</td><td>100</td></tr><tr><td>2/6/51</td><td>4/1/51</td><td>1-1/2% Note - 4/1/56-EA</td><td>5 yr</td><td></td><td>-</td><td>1,007 3/</td><td>-</td><td>1,007 3/</td><td>100</td></tr><tr><td>6/4/51</td><td>6/15/51</td><td>1-7/8% Certificate - 4/1/52-A</td><td>9 1/2 m</td><td></td><td>-</td><td>9,524</td><td>-</td><td>9,524</td><td>100</td></tr><tr><td>7/15/51</td><td>8/1/51</td><td>1-7/8% Certificate - 7/1/52-B</td><td>11 m</td><td></td><td>-</td><td>5,216</td><td>-</td><td>5,216</td><td>100</td></tr><tr><td>9/4/51</td><td>9/15/51</td><td>1-7/8% Certificate - 8/15/52-C</td><td>11 m</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 1/2 m</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>10,861</td><td>-</td><td>10,861</td><td>100</td></tr><tr><td>2/12/51</td><td>10/1/51</td><td>1-1/2% Note - 10/1/56-EA</td><td>5 yr</td><td></td><td>-</td><td>550 3/</td><td>-</td><td>550 3/</td><td>100</td></tr><tr><td>12/3/51</td><td>12/15/51</td><td>1-7/8% Certificate - 12/1/52-F</td><td>11 1/2 m</td><td></td><td>-</td><td>1,063</td><td>-</td><td>1,063</td><td>100</td></tr><tr><td>2/18/52</td><td>3/1/52</td><td>2-3/8% Bond - 3/15/57-59</td><td>7 yr 1/2 m</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>8,868</td><td>-</td><td>8,868</td><td>100</td></tr><tr><td>2/18/52</td><td>4/1/52</td><td>1-1/2% Note - 4/1/57-EA</td><td>5 yr 11 1/2 m</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 - 6/15/58</td><td>5 yr 11 1/2 m</td><td></td><td>11,693</td><td>-</td><td>4,245</td><td>-</td><td>4/</td></tr><tr><td>6/16/52</td><td>7/1/52</td><td>1-7/8% Certificate - 6/1/53-B</td><td>1 yr 11 m</td><td></td><td>-</td><td>4,963</td><td>-</td><td>4,963</td><td>100</td></tr><tr><td>8/4/52</td><td>8/15/52</td><td>2% Certificate - 8/15/53-C 5/</td><td>1 yr 2 m</td><td></td><td>-</td><td>2,008 5/</td><td>-</td><td>2,008 5/</td><td>100</td></tr><tr><td>9/15/52</td><td>10/1/52</td><td>2-1/8% Note - 12/1/53-A</td><td>1 yr 5 yr</td><td></td><td>-</td><td>10,542</td><td>-</td><td>10,542</td><td>100</td></tr><tr><td>3/11/52</td><td>10/1/52</td><td>1-1/2% Note - 10/1/57-BO</td><td>5 yr</td><td></td><td>-</td><td>824 3/</td><td>-</td><td>824 3/</td><td>100</td></tr><tr><td>11/17/52</td><td>8/15/52</td><td>2% Certificate - 8/15/53-C 5/</td><td>1 yr</td><td></td><td>-</td><td>873 5/</td><td>-</td><td>873 5/</td><td>100</td></tr><tr><td>2/2/53</td><td>2/15/53</td><td>2-1/4% Certificate - 2/15/54-A</td><td>1 yr 5 yr</td><td></td><td>-</td><td>8,114</td><td>-</td><td>8,114</td><td>100 1/</td></tr><tr><td>2/2/53</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>620 6/</td><td>-</td><td>620 6/</td><td>100</td></tr><tr><td>2/6/53</td><td>4/1/53</td><td>1-1/2% Note - 4/1/58-EA</td><td>5 yr</td><td></td><td>-</td><td>383 3/</td><td>-</td><td>383 3/</td><td>100</td></tr><tr><td>4/13/53</td><td>5/1/53</td><td>3-1/4% Bond - 6/15/78-83</td><td>30 yr 1 1/2 m</td><td>25 yr 1 1/2 m</td><td>5,250</td><td>4,858 8/</td><td>1,188</td><td>4,858 8/</td><td>2/</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>8,687</td><td>-</td><td>5,902</td><td>11/</td></tr><tr><td>7/6/53</td><td>7/15/53</td><td>2-1/2% Certificate - 3/22/54-C 10/</td><td>1 yr</td><td></td><td>-</td><td>2,788</td><td>-</td><td>2,788</td><td>100/</td></tr><tr><td>8/15/53</td><td>8/15/53</td><td>2-5/8% Certificate - 8/15/54-D</td><td>1 yr</td><td></td><td>-</td><td>4,724p</td><td>-</td><td>4,724p</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>1 yr 6 m</td><td></td><td>-</td><td>2,997p</td><td>-</td><td>2,997p</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>3 yr</td><td></td><td>-</td><td>45 3/</td><td>-</td><td>45 3/</td><td>100</td></tr><tr><td>10/2/53</td><td>10/1/53</td><td>1-1/2% Note - 10/1/58-BO</td><td>5 yr</td><td></td><td>-</td><td>12,543p</td><td>2,239p</td><td>8,175p</td><td>13/</td></tr><tr><td>10/28/53</td><td>11/9/53</td><td>2-3/4% Bond - 9/15/61</td><td>7 yr 10 m</td><td></td><td>-</td><td>8,175p</td><td>-</td><td>8,175p</td><td>100 14/</td></tr><tr><td>11/18/53</td><td>12/1/53</td><td>1-7/8% Note - 12/15/54-B</td><td>1 yr 5 yr</td><td></td><td>-</td><td>1,748p 9/</td><td>-</td><td>1,748p 9/</td><td>100 14/</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>-</td><td>-</td><td></td></tr></table>
Source: Bureau of the Public Debt.
1/ Consists of all public cash subscriptions and subcriptions by U.S. Government investment accounts.
2/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951. For further information relating to the original offering see "Treasury Bulletin" for April 1951, page A-1.
3/ Amounts shown are as of December 31, 1953. They include exchanges by Federal Reserve System Open Market Account amounting to $1,000 million in the case of Series EA-1956, $500 million each in the case of Series 80-1956 and Series EA-1957, and $714 million in the case of Series 80-1957.
4/ Nonbank subscriptions were allotted in full. Commercial banks' subscriptions for amounts up to and including $100,000 for their own account also were allotted in full. Commercial banks' subscriptions for amounts over $100,000 for their own account were allotted $100,000 on each subscription.
5/ The 24 certificates dated August 15, 1952, were reopened, with all certificatees of the series identical in all respects, as an exchange offering for the 1-7/8% certificatees 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 of 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 $2,368 million.
7/ Holders of the 1-7/8% certificatees which matured February 15, 1953, were offered a choice of exchanging the securities for either the one-year certificatees or the five-year, ten-month bond.
8/ The bond offering was made available for exchange of Series F and G savings bonds maturing from May 1 through December 31, 1953.
9/ Total allotments on cash subscriptions were limited to approximately $1,000 million. Nonbank subscriptions in amounts up to and including $5,000 were allotted in full. All other subscriptions were allotted 20%. Commercial banks' subscriptions were restricted to an amount not exceeding 5% of their time deposits as of December 31, 1952. The Treasury also reserved the right to allot limited amounts of these bonds to Government investment accounts, which subscribed to a total amount of $117,779,000.
10/ Also designated tax anticipation certificates which will be accepted at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1954.
11/ 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.
12/ Holders of the 2½ 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.
13/ Subscriptions for amounts up to and including $10,000 were allotted in full. Subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments were allotted 24 percent. All others, including commercial banks, were allotted 16 percent but not less than $10,000 or any one subscription.
14/ Holders of the 2-1/8% 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.
p Preliminary.
18
Treasury Bulletin
DEBT OPERATIONS
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th rowspan="2">Date of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of exchange offers</th><th rowspan="2">Description of new security offered</th></tr><tr><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash 2/</th></tr><tr><td>7/1/50</td><td>1-1/4% Certificate - 7/1/50-7</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-E</td></tr><tr><td>9/15/50</td><td>1-1/8% Certificate - 9/15/50-4 2-1/2% Bond - 9/15/50-28 2% Bond - 9/15/50-32</td><td>9/15/49 9/15/38 4/15/43</td><td>1,197 1,186 4,939</td><td>- - -</td><td>1,197 1,186 4,939</td><td>1,039 903 3,997</td><td>158 281 942</td><td>1-1/4% Note - 10/15/51-F</td></tr><tr><td></td><td>Total</td><td></td><td>7,322</td><td>-</td><td>7,322</td><td>5,941</td><td>1,381</td><td></td></tr><tr><td>10/1/50</td><td>1-1/8% Certificate - 10/1/50-I</td><td>10/1/49</td><td>6,248</td><td>-</td><td>6,248</td><td>5,253</td><td>995</td><td>1-1/4% Note - 11/1/51-D</td></tr><tr><td>12/15/50</td><td>1-1/2% Bond - 12/15/50 1-1/8% Certificate - 1/1/50-A</td><td>6/1/45 1/1/50</td><td>2,635 5,373</td><td>- -</td><td>2,635 5,373</td><td>2,315 4,538</td><td>320 834</td><td>1-3/4% Note - 12/15/53-B</td></tr><tr><td></td><td>Total</td><td></td><td>8,008</td><td>-</td><td>8,008</td><td>6,854</td><td>1,154</td><td></td></tr><tr><td>4/1/51</td><td>2-1/2% Bond - 6/15/67-72 2-1/8% Bond - 12/15/67-72</td><td>6/1/45 11/15/45</td><td>7,967 11,689</td><td>- -</td><td>7,967 11,689</td><td>5,964 7,610</td><td>- -</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td></td><td>Total</td><td></td><td>19,656</td><td>-</td><td>19,656</td><td>13,574</td><td>-</td><td></td></tr><tr><td>6/15/51</td><td>2-3/4% Bond - 6/15/51-54 1-1/4% Note - 7/1/51-3 1-1/4% Note - 7/1/51-0 1-1/4% Note - 7/1/51-3</td><td>6/15/36 3/1/50 4/1/50 6/1/50</td><td>1,627 2,751 886 4,818</td><td>- - - -</td><td>1,627 2,751 886 4,818</td><td>1,516 2,607 831 4,570</td><td>110 134 55 248</td><td>1-7/8% Certificate - 4/1/52-A</td></tr><tr><td></td><td>Total</td><td></td><td>10,072</td><td>-</td><td>10,072</td><td>9,324</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>2% Bond - 9/15/51-55</td><td>9/15/31</td><td>755</td><td>-</td><td>755</td><td>583</td><td>172</td><td>1-7/8% Certificate - 8/15/52-D</td></tr><tr><td>10/1/51</td><td>1-1/4% Note - 10/1/51-A 1-1/4% Note - 10/1/51-F</td><td>2/1/50 9/15/50</td><td>1,918 5,941</td><td>- -</td><td>1,918 5,941</td><td>1,832 5,873</td><td>86 67</td><td>1-7/8% Certificate - 9/1/52-D 1-7/8% Certificate - 10/1/52-F</td></tr><tr><td>10/15/51</td><td>1-1/4% Note - 11/1/51-4</td><td>10/1/50</td><td>5,833</td><td>-</td><td>5,833</td><td>4,988</td><td>865</td><td></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>133</td><td></td></tr><tr><td>12/15/51</td><td>2-1/4% Bond - 12/15/51-53</td><td>12/22/39</td><td>1,118</td><td>-</td><td>1,118</td><td>1,063</td><td>55</td><td>1-7/8% Certificate - 12/1/52-F</td></tr><tr><td>3/1/52</td><td>2-1/2% Bond - 3/15/52-54</td><td>3/31/41</td><td>1,024</td><td>-</td><td>1,024</td><td>927</td><td>97</td><td>2-3/8% Bond - 3/15/57-59</td></tr><tr><td>3/1/52</td><td>1-7/8% Certificate - 4/1/52-A</td><td>6/15/51</td><td>9,524</td><td>-</td><td>9,524</td><td>8,868</td><td>656</td><td>1-7/8% Certificate - 2/15/53-A</td></tr><tr><td>6/1/52</td><td>2-1/8% Bond - 3/15/65-70 2-1/8% Bond - 3/15/65-72 2-1/8% Bond - 6/15/67-72 2-1/8% Bond - 12/15/67-72</td><td>2/1/44 12/1/44 6/1/45 11/15/45</td><td>5,195 3,480 1,999 4,072</td><td>- - - -</td><td>5,195 3,480 1,999 4,072</td><td>467 512 100 287</td><td>- - - -</td><td>2-3/4% Treasury Bond, Investment Series B-1975-80 3/</td></tr><tr><td></td><td>Total</td><td></td><td>14,746</td><td>-</td><td>14,746</td><td>1,306</td><td>-</td><td></td></tr><tr><td>7/1/52</td><td>1-7/8% Certificate - 7/1/52-B</td><td>8/1/51</td><td>5,216</td><td>-</td><td>5,216</td><td>4,963</td><td>253</td><td>1-7/8% Certificate - 6/1/53-B</td></tr><tr><td>8/15/52</td><td>1-7/8% Certificate - 8/15/52-D 1-7/8% Certificate - 9/1/52-B</td><td>9/15/51 10/1/51</td><td>583 1,832</td><td>- -</td><td>583 1,832</td><td>434 1,575</td><td>150 858</td><td>2% Certificate - 8/15/53-C2</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-I</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-Y</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-C2</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 2-1/2% Bond - 12/15/58 5/</td></tr><tr><td>6/1/53</td><td>1-7/8% Certificate - 6/1/53-B 2% Bond - 6/15/53-55</td><td>7/1/52 10/7/40</td><td>4,963 725</td><td>- -</td><td>4,963 725</td><td>4,410 448</td><td>553 277</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>4,858</td><td>829</td><td></td></tr><tr><td>8/15/53</td><td>2% Certificate - 8/15/53-C</td><td>8/15/52</td><td>2,882</td><td>-</td><td>2,882</td><td>2,788</td><td>93</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>7,721p</td><td>266p</td><td>2-5/8% Certificate - 9/15/54-E 2-7/9% Note - 3/15/57-A</td></tr><tr><td>12/1/53</td><td>2-1/8% Note - 12/1/53-A</td><td>10/1/52</td><td>10,042 6/</td><td>-</td><td>10,042</td><td>9,923p</td><td>118p</td><td>1-7/8% Note - 12/15/54-B 2-1/2% Bond - 12/15/58 2/</td></tr></table>
Sources: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
3/ These nonmarketable bonds, dated April 1, 1951, and maturing April 1, 1980, are exchangeable for 1-1/24 marketable Treasury notes; see Table 3, footnote 2. In the reopening, the Investment $ rises bonds were offered for cash subscriptions as well as exchange, and not less than one quarter of each subscription had to be paid in cash.
1/ The 2% certificates maturing August 15, 1953, were reopened for the December 1, 1952, refunding (see Table 3).
2/ The 2-1/2% Bonds maturing December 15, 1958, were reopened for the December 1, 1953, refunding (see Table 3).
6/ On November 9, 1953, the Treasury purchased from the Federal Reserve System and retired $500 million of the 2-1/8% Treasury Notes maturing December 1, 1953. For further details see "Treasury Bulletin" for November 1953, page A-1.
p Preliminary.
January 1954
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 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. The Treasury invited holders of Series F and G which began to mature in January 1954 to reinvest the proceeds in other series of savings bonds. 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 November 30, 1953
(Dollar amounts in millions)
<table><tr><th>Series</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Redemptions</th><th colspan="2">Amount outstanding</th><th>Redemptions of interest-bearing series as percent of sales plus accrued discount</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Matured debt (Series A-D)</th><th>Interest-bearing debt</th><th></th></tr><tr><td>Total A-D (matured ) 1/</td><td>3,949</td><td>1,054</td><td>5,003</td><td>4,920</td><td>83</td><td>-</td><td>-</td></tr><tr><td>Interest-bearing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series E and H</td><td>71,081</td><td>7,375</td><td>78,457</td><td>41,948 2/</td><td>-</td><td>36,509</td><td>53.47</td></tr><tr><td>Series F, G, J, and K</td><td>29,146 2/</td><td>662</td><td>29,808</td><td>8,511</td><td>-</td><td>21,297</td><td>28.55</td></tr><tr><td>Total interest-bearing</td><td>100,227</td><td>8,037</td><td>108,264</td><td>50,459</td><td>-</td><td>57,806</td><td>46.61</td></tr><tr><td>Total A-K</td><td>104,176</td><td>9,092</td><td>113,267</td><td>55,378</td><td>83</td><td>57,806</td><td>-</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U. S.
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 3/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th>Matured debt (Series A-D)</th><th>Interest-bearing debt</th></tr><tr><td colspan="9">Fiscal years:</td></tr><tr><td>1935-1945</td><td>52,783</td><td>986</td><td>53,769</td><td>8,184</td><td>8,098</td><td>85</td><td>-</td><td>45,586</td></tr><tr><td>1946</td><td>9,612</td><td>573</td><td>10,184</td><td>6,717</td><td>6,579</td><td>138</td><td>18</td><td>49,935</td></tr><tr><td>1947</td><td>7,208</td><td>691</td><td>7,899</td><td>5,545</td><td>5,324</td><td>221</td><td>40</td><td>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>7,141</td><td>927</td><td>8,068</td><td>5,067</td><td>4,721</td><td>346</td><td>73</td><td>56,260</td></tr><tr><td>1950</td><td>5,673</td><td>1,045</td><td>6,718</td><td>5,422</td><td>4,945</td><td>477</td><td>92</td><td>57,536</td></tr><tr><td>1951</td><td>5,143</td><td>1,149</td><td>6,292</td><td>6,137</td><td>5,609</td><td>528</td><td>212</td><td>57,572</td></tr><tr><td>1952</td><td>3,925</td><td>1,207</td><td>5,132</td><td>5,109</td><td>4,640</td><td>469</td><td>122</td><td>57,685</td></tr><tr><td>1953</td><td>4,562</td><td>1,229</td><td>5,791</td><td>5,621</td><td>5,072</td><td>548</td><td>91</td><td>57,886</td></tr><tr><td colspan="9">Calendar years:</td></tr><tr><td>1935-1945</td><td>58,353</td><td>1,251</td><td>59,604</td><td>11,380</td><td>11,244</td><td>137</td><td>41</td><td>48,183</td></tr><tr><td>1946</td><td>7,427</td><td>640</td><td>8,067</td><td>6,427</td><td>6,243</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>52,053</td></tr><tr><td>1948</td><td>7,295</td><td>872</td><td>8,167</td><td>5,144</td><td>4,840</td><td>303</td><td>146</td><td>55,051</td></tr><tr><td>1949</td><td>5,833</td><td>981</td><td>6,815</td><td>5,101</td><td>4,708</td><td>394</td><td>203</td><td>56,707</td></tr><tr><td>1950</td><td>6,074</td><td>1,104</td><td>7,178</td><td>5,840</td><td>5,323</td><td>517</td><td>229</td><td>58,019</td></tr><tr><td>1951</td><td>3,961</td><td>1,181</td><td>5,142</td><td>5,651</td><td>5,150</td><td>501</td><td>152</td><td>57,587</td></tr><tr><td>1952</td><td>4,161</td><td>1,220</td><td>5,381</td><td>5,074</td><td>4,565</td><td>509</td><td>106</td><td>57,940</td></tr><tr><td colspan="9">Months:</td></tr><tr><td>1953-January</td><td>504</td><td>122</td><td>627</td><td>435</td><td>392</td><td>43</td><td>103</td><td>58,134</td></tr><tr><td>February</td><td>414</td><td>86</td><td>500</td><td>369</td><td>321</td><td>48</td><td>100</td><td>58,268</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 1/2</td><td>17 1/2</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>57,795</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>85</td><td>57,775</td></tr><tr><td>November</td><td>369</td><td>99</td><td>467</td><td>438</td><td>391</td><td>48</td><td>83</td><td>57,806</td></tr></table>
Source: Daily Treasury Statement; Office of the Treasurer of the U.S.
Footnotes at end of Table 4.
20
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
(Dollar amounts in millions)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th><th>Monthly redemptions as percent of amount outstanding</th></tr><tr><td colspan="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>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><td>-</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><td>-</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>30,791</td><td>-</td></tr><tr><td>1948</td><td>4,026</td><td>633</td><td>4,659</td><td>3,825</td><td>3,689</td><td>136</td><td>31,625</td><td>-</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><td>-</td></tr><tr><td>1950</td><td>3,993</td><td>895</td><td>4,887</td><td>3,521</td><td>3,326</td><td>195</td><td>34,494</td><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>4,051</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>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><td>-</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>30,263</td><td>-</td></tr><tr><td>1947</td><td>4,085</td><td>579</td><td>4,664</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td><td>-</td></tr><tr><td>1948</td><td>4,224</td><td>696</td><td>4,920</td><td>3,778</td><td>3,575</td><td>154</td><td>32,138</td><td>-</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><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>245</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>3,622</td><td>476</td><td>35,324</td><td>-</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953-January</td><td>441</td><td>108</td><td>548</td><td>361</td><td>320</td><td>41</td><td>35,511</td><td>1.02</td></tr><tr><td>February</td><td>362</td><td>80</td><td>442</td><td>296</td><td>251</td><td>45</td><td>35,657</td><td>.83</td></tr><tr><td>March</td><td>397</td><td>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>35,852</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>343 ½</td><td>15 ½</td><td>36,168</td><td>.99</td></tr><tr><td>August</td><td>346</td><td>81</td><td>427</td><td>331</td><td>276p</td><td>55p</td><td>36,264</td><td>.91</td></tr><tr><td>September</td><td>343</td><td>83</td><td>427</td><td>379</td><td>326p</td><td>53p</td><td>36,311</td><td>1.04</td></tr><tr><td>October</td><td>357</td><td>76</td><td>432</td><td>353</td><td>286p</td><td>66p</td><td>36,331</td><td>.97</td></tr><tr><td>November</td><td>339</td><td>92</td><td>432</td><td>313</td><td>272p</td><td>42p</td><td>36,509</td><td>.86</td></tr></table>
Series F, G, J, and K combined
<table><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1945</td><td>13,461</td><td>30</td><td>13,491</td><td>588</td><td>587</td><td>1</td><td>12,903</td><td>-</td></tr><tr><td>1946</td><td>2,873</td><td>33</td><td>2,905</td><td>497</td><td>494</td><td>3</td><td>15,312</td><td>-</td></tr><tr><td>1947</td><td>2,920</td><td>47</td><td>2,968</td><td>672</td><td>666</td><td>6</td><td>17,608</td><td>-</td></tr><tr><td>1948</td><td>2,209</td><td>61</td><td>2,270</td><td>772</td><td>764</td><td>9</td><td>19,105</td><td>-</td></tr><tr><td>1949</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>1,951</td><td>1,042</td><td>1,021</td><td>21</td><td>23,066</td><td>-</td></tr><tr><td>1952</td><td>629</td><td>96</td><td>726</td><td>1,012</td><td>990</td><td>21</td><td>22,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,552</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>1941-1945</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>1946</td><td>2,952</td><td>40</td><td>3,002</td><td>615</td><td>611</td><td>4</td><td>16,366</td><td>-</td></tr><tr><td>1947</td><td>2,609</td><td>54</td><td>2,663</td><td>715</td><td>708</td><td>7</td><td>18,314</td><td>-</td></tr><tr><td>1948</td><td>3,071</td><td>67</td><td>3,139</td><td>840</td><td>829</td><td>11</td><td>20,613</td><td>-</td></tr><tr><td>1949</td><td>1,626</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>22,859</td><td>-</td></tr><tr><td>1952</td><td>586</td><td>100</td><td>686</td><td>929</td><td>908</td><td>21</td><td>22,616</td><td>-</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953-January</td><td>64</td><td>15</td><td>78</td><td>72</td><td>70</td><td>2</td><td>22,623</td><td>.32</td></tr><tr><td>February</td><td>52</td><td>6</td><td>58</td><td>70</td><td>68</td><td>2</td><td>22,611</td><td>.31</td></tr><tr><td>March</td><td>43</td><td>7</td><td>50</td><td>74</td><td>72</td><td>2</td><td>22,587</td><td>.33</td></tr><tr><td>April</td><td>31</td><td>7</td><td>39</td><td>64</td><td>62</td><td>1</td><td>22,561</td><td>.28</td></tr><tr><td>May</td><td>31</td><td>10</td><td>41</td><td>621</td><td>606</td><td>15</td><td>21,981</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>181 4/</td><td>1 4/</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>21,484</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><tr><td>November</td><td>29</td><td>6</td><td>36</td><td>124</td><td>118p</td><td>6p</td><td>21,297</td><td>.58</td></tr></table>
(Continued on following page)
Footnotes at end of Table 4.
21
January 1954
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Sales price</th><th>Accrued discount</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><td colspan="8">Series E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td colspan="2">Redemptions 2/ 3/</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>5,739</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>30,791</td></tr><tr><td>1948</td><td>4,026</td><td>633</td><td>4,659</td><td>3,825</td><td>3,639</td><td>136</td><td>31,625</td></tr><tr><td>1949</td><td>4,278</td><td>753</td><td>5,032</td><td>3,530</td><td>3,368</td><td>162</td><td>33,127</td></tr><tr><td>1950</td><td>3,993</td><td>895</td><td>4,887</td><td>3,521</td><td>3,326</td><td>195</td><td>34,494</td></tr><tr><td>1951</td><td>3,272</td><td>1,035</td><td>4,307</td><td>4,295</td><td>3,987</td><td>307</td><td>34,506</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>3,526p</td><td>506p</td><td>35,664</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>30,263</td></tr><tr><td>1947</td><td>4,085</td><td>579</td><td>4,664</td><td>3,930</td><td>3,813</td><td>116</td><td>30,997</td></tr><tr><td>1948</td><td>4,224</td><td>696</td><td>4,920</td><td>3,728</td><td>3,575</td><td>154</td><td>32,188</td></tr><tr><td>1949</td><td>4,208</td><td>818</td><td>5,025</td><td>3,448</td><td>3,274</td><td>174</td><td>33,766</td></tr><tr><td>1950</td><td>3,668</td><td>971</td><td>4,639</td><td>3,912</td><td>3,667</td><td>245</td><td>34,493</td></tr><tr><td>1951</td><td>3,190</td><td>1,080</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>4,098</td><td>3,622</td><td>476</td><td>35,143</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>329</td><td>80</td><td>408</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>35,528</td></tr><tr><td>May</td><td>309</td><td>91</td><td>400</td><td>343</td><td>299</td><td>44</td><td>35,585</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>342 4/</td><td>15 4/</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>325p</td><td>53p</td><td>35,810</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>35,848</td></tr><tr><td>November</td><td>299</td><td>92</td><td>391</td><td>312</td><td>270p</td><td>42p</td><td>35,927</td></tr><tr><td colspan="8">Series H 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><tr><td>November</td><td>41</td><td>-</td><td>41</td><td>2</td><td>2</td><td>-</td><td>582</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 1/</th><th>Sales price 1/</th><th>Accrued discount</th></tr><tr><th>Fiscal years:</th><th></th><th></th><th></th><th>Total</th><th>For cash</th><th>In exchange for Series G or K</th><th></th><th></th><th></th><th></th></tr><tr><td>1951</td><td>6,137</td><td>817</td><td>779</td><td>38</td><td>37</td><td>1</td><td>-</td><td>5,320</td><td>4,996</td><td>324</td></tr><tr><td>1952</td><td>5,109</td><td>792</td><td>90</td><td>702</td><td>694</td><td>9</td><td>-</td><td>4,317</td><td>4,046</td><td>272</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>4,571</td><td>308</td></tr><tr><td>1952</td><td>5,074</td><td>1,015</td><td>47</td><td>968</td><td>962</td><td>6</td><td>-</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><th>Months:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1953-January</td><td>435</td><td>101</td><td>2</td><td>98</td><td>98</td><td>*</td><td>-</td><td>334</td><td>317</td><td>18</td></tr><tr><td>February</td><td>369</td><td>112</td><td>3</td><td>109</td><td>109</td><td>*</td><td>-</td><td>257</td><td>238</td><td>19</td></tr><tr><td>March</td><td>430</td><td>107</td><td>3</td><td>105</td><td>104</td><td>*</td><td>-</td><td>323</td><td>302</td><td>21</td></tr><tr><td>April</td><td>427</td><td>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 8/</td><td>289</td><td>269</td><td>20</td></tr><tr><td>July 4/</td><td>541</td><td>72</td><td>1</td><td>37</td><td>37</td><td>*</td><td>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>30</td><td>280</td><td>257</td><td>23</td></tr><tr><td>September</td><td>514</td><td>179</td><td>2</td><td>113</td><td>113</td><td>*</td><td>64</td><td>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><tr><td>November</td><td>438</td><td>159</td><td>1</td><td>117</td><td>117</td><td>*</td><td>40</td><td>280</td><td>265</td><td>15</td></tr></table>
Source: Daily Treasury Statement.
1/ Details by series on a cumulative basis and by periods for Series A-D combined will be found in the February 1952 and previous issues of the "Treasury Bulletin".
2/ Includes exchanges of matured Series B bonds for Series C bonds beginning May 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 issue price and accrued discount is somewhat distorted also.
5/ Sales began June 1, 1952.
6/ Comparable data are not available prior to January 1950.
7/ Includes redemptions not yet classified between matured and unmatured.
8/ Includes exchanges of Series 1941 F and G savings bonds for Treasury 3-1/4% bonds of 1978-83.
* Less than $500,000.
p Preliminary.
January 1954
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 a new Savings 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 November 30, 1953
(In millions of dollars)
<table><tr><th>Series</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>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>12,266</td><td>9,213</td><td>3,054</td><td>3</td><td>64</td></tr><tr><td>Series A</td><td>9,187</td><td>8,223</td><td>4,050</td><td>4,173</td><td>-</td><td>963</td></tr><tr><td>Series B</td><td>4,671</td><td>174</td><td>42</td><td>132</td><td>-</td><td>4,497</td></tr><tr><td>Series C</td><td>680</td><td>-</td><td>-</td><td>-</td><td>-</td><td>680</td></tr><tr><td>Total</td><td>64,659</td><td>58,447</td><td>24,595</td><td>33,852</td><td>8</td><td>6,204</td></tr></table>
Source: Office of the Treasurer of the U. S.; Daily Treasury Statement. 1/ Includes exchanges in connection with the offering in September 1942 of Tax Series A-1945 and Series C * Less than $500,000.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th colspan="3">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th>Total</th><th>For cash</th><th>For taxes</th><th>Matured debt</th><th>Interest-bearing debt</th></tr><tr><td>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>6,721</td></tr><tr><td>1947</td><td>3,057</td><td>4,200</td><td>2,185</td><td>2,015</td><td>28</td><td>5,560</td></tr><tr><td>1948</td><td>2,144</td><td>3,303</td><td>1,972</td><td>1,331</td><td>35</td><td>4,394</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>5,725</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>65</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>3,613</td><td>2,592</td><td>1,802</td><td>790</td><td>40</td><td>8,640</td></tr><tr><td>1951</td><td>5,823</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>154</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>4,977</td></tr><tr><td>September</td><td>952</td><td>290</td><td>111</td><td>179</td><td>9</td><td>5,639</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><tr><td>November</td><td>2</td><td>55</td><td>42</td><td>13</td><td>8</td><td>6,204</td></tr></table>
Source: Office of the Treasurer of the U.S.; Daily Treasury Statement. 1/ Includes both matured and unmatured notes.
2k
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 out- standing 1/</th><th rowspan="2">Total out- standing</th><th colspan="4">Interest-bearing securities issued by the U. S. Government</th><th colspan="4">Interest-bearing securities guaranteed by the U. S. Government 4/</th><th rowspan="2">Matured debt and debt bearing no interest</th></tr><tr><th>Held by U. S. Government investment accounts 2/ Total</th><th>Public issues</th><th>Special lecues</th><th>Held by Federal Reserve Banks - public issues</th><th>Total</th><th>Public market- able issues</th><th>Public non- market- able issues</th><th>Total out- standing</th><th>Held by U. S. Government investment and Federal Reserve Banks 2/ 5/</th><th>Held by private investors 3/ Public market- able issues 6/</th><th>Public non- market- able issues 6/</th></tr><tr><td>1945</td><td>259,115</td><td>256,357</td><td>24,934</td><td>6,122</td><td>18,812</td><td>21,792</td><td>209,630</td><td>153,421</td><td>56,209</td><td>409</td><td>6</td><td>28</td><td>375</td><td>2,350</td></tr><tr><td>1946</td><td>269,899</td><td>268,111</td><td>29,121</td><td>6,789</td><td>22,332</td><td>23,783</td><td>215,206</td><td>159,064</td><td>56,143</td><td>467</td><td>9</td><td>34</td><td>424</td><td>1,321</td></tr><tr><td>1947</td><td>258,376</td><td>255,113</td><td>32,809</td><td>5,443</td><td>27,366</td><td>21,872</td><td>200,432</td><td>141,423</td><td>59,010</td><td>83</td><td>2</td><td>37</td><td>45</td><td>3,179</td></tr><tr><td>1948</td><td>252,366</td><td>250,063</td><td>35,761</td><td>5,550</td><td>30,211</td><td>21,366</td><td>192,936</td><td>133,567</td><td>59,369</td><td>69</td><td>-</td><td>27</td><td>42</td><td>2,234</td></tr><tr><td>1949</td><td>252,798</td><td>250,762</td><td>38,288</td><td>5,512</td><td>32,776</td><td>19,343</td><td>193,131</td><td>130,417</td><td>62,714</td><td>24</td><td>-</td><td>13</td><td>11</td><td>2,012</td></tr><tr><td>1950</td><td>257,377</td><td>255,209</td><td>37,830</td><td>5,474</td><td>32,356</td><td>18,331</td><td>199,048</td><td>131,629</td><td>67,419</td><td>17</td><td>-</td><td>16</td><td>1</td><td>2,150</td></tr><tr><td>1951</td><td>255,251</td><td>252,852</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>259,151</td><td>256,863</td><td>44,335</td><td>6,596</td><td>37,739</td><td>22,906</td><td>189,623</td><td>115,185</td><td>74,437</td><td>44</td><td>*</td><td>43</td><td>1</td><td>2,244</td></tr><tr><td>1953</td><td>266,123</td><td>263,946</td><td>47,560</td><td>7,021</td><td>40,538</td><td>24,746</td><td>191,640</td><td>119,129</td><td>72,511</td><td>51</td><td>*</td><td>51</td><td>-</td><td>2,126</td></tr><tr><td>1952-Dec.</td><td>267,445</td><td>265,293</td><td>45,891</td><td>6,742</td><td>39,150</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>6,804</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>192,313</td><td>118,844</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>24,746</td><td>191,640</td><td>119,129</td><td>72,511</td><td>51</td><td>*</td><td>51</td><td>-</td><td>2,126</td></tr><tr><td>July.</td><td>272,732</td><td>270,603</td><td>47,599</td><td>7,005</td><td>40,594</td><td>24,964</td><td>198,040</td><td>125,354</td><td>72,686</td><td>62</td><td>2</td><td>60</td><td>-</td><td>2,067</td></tr><tr><td>Aug.</td><td>273,269</td><td>271,144</td><td>47,973</td><td>6,986</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>7,071</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><tr><td>Nov.</td><td>275,282</td><td>273,128</td><td>48,169</td><td>7,150</td><td>41,013</td><td>25,095</td><td>199,864</td><td>126,041</td><td>73,822</td><td>73</td><td>*</td><td>73</td><td>-</td><td>2,082</td></tr></table>
Source: Daily Treasury Statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government investment accounts; and reports from Federal Reserve System for securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government agencies whose investments are handled outside the Treasury; excludes Federal land banks after June 26, 1947, when the proprietary interest of the United States in those 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/ Excludes guaranteed securities held by the Treasury.
5/ All public marketable issues.
6/ Consists of Commodity Credit Corporation demand obligations stated as of the close of the previous month.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for Investment Accounts Handled by the Treasury
in millions of dollars; negative figures are net sales)
<table><tr><th>Year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>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>-</td><td>-.7</td><td>-.2</td><td>.4</td><td>*</td><td>-</td><td>*</td><td>-.2</td><td>-</td><td>60.0</td></tr><tr><td>1942</td><td>-.5</td><td>30.0</td><td>5.8</td><td>.3</td><td>*</td><td>.3</td><td>-2.3</td><td>-8.4</td><td>-4.5</td><td>1.0</td><td>-</td><td>-</td></tr><tr><td>1943</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>.4</td><td>-35.2</td><td>-145.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>-</td><td>-5.0</td><td>4.8</td></tr><tr><td>1944</td><td>-9.9</td><td>-105.1</td><td>-11.5</td><td>-16.5</td><td>-10.0</td><td>20.5</td><td>-18.5</td><td>-19.0</td><td>-28.1</td><td>*</td><td>-5.9</td><td>-12.0</td></tr><tr><td>1945</td><td>-67.5</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>-</td><td>-4.7</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>176.9</td><td>106.8</td><td>-12.1</td><td>-30.4</td><td>1.1</td><td>5.4</td><td>4.4</td><td>7.2</td><td>.1</td><td>-.8</td><td>-.2</td></tr><tr><td>1949</td><td>8.8</td><td>-1.8</td><td>5.1</td><td>1.5</td><td>-54.7</td><td>-88.4</td><td>-.1</td><td>3.8</td><td>4.6</td><td>-1.7</td><td>11.5</td><td>-.1</td></tr><tr><td>1950</td><td>-6.6</td><td>13.5</td><td>6.3</td><td>1.1</td><td>-1.9</td><td>5.1</td><td>8.2</td><td>-2.0</td><td>5.0</td><td>5.8</td><td>10.7</td><td>7.0</td></tr><tr><td>1951</td><td>36.8</td><td>261.2</td><td>482.7</td><td>8.4</td><td>11.4</td><td>3.5</td><td>.2</td><td>4.7</td><td>2.8</td><td>8.4</td><td>-3.6</td><td>29.0</td></tr><tr><td>1952</td><td>22.1</td><td>6.7</td><td>.5</td><td>19.9</td><td>2.9</td><td>1.5</td><td>1.4</td><td>1.9</td><td>3.5</td><td>16.5</td><td>11.7</td><td>8.2</td></tr><tr><td>1953</td><td>24.6</td><td>8.8</td><td>12.9</td><td>36.2</td><td>35.9</td><td>20.1</td><td>7.9</td><td>.4</td><td>38.4</td><td>17.0</td><td>-1.1</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.
January 1954
25
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ - in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstand- ing 2/</th><th colspan="3">Held by banks</th><th>U.S. Government investment accounts 1/</th><th colspan="7">Held by private nonbank investore</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/ Total</th><th>Individuals 5/ Savings bonds</th><th>Individuals 5/ Other</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corpora- tions 6/</th><th>State and local govern- ments 7/</th><th>Miscellaneous investors 4/ 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>.7</td></tr><tr><td>December</td><td>64.3</td><td>23.7</td><td>21.4</td><td>2.3</td><td>9.5</td><td>31.0</td><td>13.6</td><td>5.4</td><td>8.2</td><td>8.2</td><td>3.7</td><td>4.0</td><td>.7</td><td>.9</td></tr><tr><td>1942-June</td><td>77.0</td><td>28.7</td><td>26.0</td><td>2.6</td><td>10.6</td><td>37.7</td><td>17.8</td><td>9.1</td><td>8.7</td><td>9.2</td><td>3.9</td><td>4.9</td><td>.9</td><td>1.1</td></tr><tr><td>December</td><td>112.5</td><td>47.3</td><td>41.1</td><td>6.2</td><td>12.2</td><td>53.0</td><td>23.7</td><td>13.4</td><td>10.3</td><td>11.3</td><td>4.5</td><td>10.1</td><td>1.0</td><td>2.3</td></tr><tr><td>1943-June</td><td>140.8</td><td>59.4</td><td>52.2</td><td>7.2</td><td>14.3</td><td>67.0</td><td>30.9</td><td>19.2</td><td>11.7</td><td>13.1</td><td>5.3</td><td>12.9</td><td>1.5</td><td>3.4</td></tr><tr><td>December</td><td>170.1</td><td>71.5</td><td>59.9</td><td>11.5</td><td>16.9</td><td>81.7</td><td>37.6</td><td>24.7</td><td>12.9</td><td>15.1</td><td>6.1</td><td>16.4</td><td>2.1</td><td>4.4</td></tr><tr><td>1944-June</td><td>202.6</td><td>83.3</td><td>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>128.2</td><td>59.5</td><td>40.7</td><td>18.9</td><td>22.7</td><td>9.6</td><td>22.9</td><td>5.3</td><td>8.3</td></tr><tr><td>December</td><td>278.7</td><td>115.0</td><td>90.8</td><td>24.3</td><td>27.0</td><td>136.6</td><td>64.3</td><td>42.9</td><td>21.4</td><td>24.0</td><td>10.7</td><td>22.0</td><td>6.5</td><td>9.1</td></tr><tr><td>1946-February (Peak)</td><td>279.8</td><td>116.7</td><td>93.8</td><td>22.9</td><td>28.0</td><td>135.1</td><td>64.1</td><td>43.3</td><td>20.8</td><td>24.4</td><td>11.1</td><td>19.9</td><td>6.7</td><td>8.9</td></tr><tr><td>June</td><td>269.9</td><td>108.2</td><td>84.4</td><td>23.8</td><td>29.1</td><td>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>252.4</td><td>85.9</td><td>64.6</td><td>21.4</td><td>35.8</td><td>130.7</td><td>65.8</td><td>47.1</td><td>18.6</td><td>22.8</td><td>12.0</td><td>13.6</td><td>7.8</td><td>8.7</td></tr><tr><td>December</td><td>252.9</td><td>85.8</td><td>62.5</td><td>23.3</td><td>37.3</td><td>129.7</td><td>65.5</td><td>47.8</td><td>17.6</td><td>21.2</td><td>11.5</td><td>14.6</td><td>7.9</td><td>8.9</td></tr><tr><td>1949-June</td><td>252.8</td><td>82.4</td><td>63.0</td><td>19.3</td><td>38.3</td><td>132.2</td><td>66.8</td><td>48.8</td><td>18.0</td><td>20.5</td><td>11.6</td><td>15.6</td><td>8.0</td><td>9.6</td></tr><tr><td>December</td><td>257.2</td><td>85.7</td><td>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>20.6</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>20.5</td><td>10.7</td><td>11.5</td></tr><tr><td>August</td><td>263.2</td><td>85.0</td><td>61.8</td><td>23.1</td><td>45.0</td><td>133.2</td><td>64.4</td><td>49.0</td><td>15.4</td><td>16.1</td><td>9.7</td><td>20.7</td><td>10.8</td><td>11.5</td></tr><tr><td>September</td><td>262.7</td><td>85.3</td><td>61.6</td><td>23.7</td><td>45.1</td><td>132.4</td><td>64.2</td><td>49.0</td><td>15.2</td><td>16.1</td><td>9.7</td><td>20.2</td><td>10.9</td><td>11.3</td></tr><tr><td>October</td><td>265.0</td><td>86.6</td><td>63.1</td><td>23.6</td><td>45.1</td><td>133.3</td><td>64.2</td><td>49.0</td><td>15.1r</td><td>16.0</td><td>9.6</td><td>20.5</td><td>11.0r</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>64.1r</td><td>49.1</td><td>15.0r</td><td>16.1</td><td>9.5</td><td>21.0</td><td>11.0r</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>64.1r</td><td>49.2</td><td>14.9r</td><td>16.0</td><td>9.5</td><td>21.0</td><td>11.1r</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>134.7</td><td>64.1r</td><td>49.3</td><td>14.8r</td><td>16.2</td><td>9.5</td><td>21.4</td><td>11.2r</td><td>12.3</td></tr><tr><td>February</td><td>267.6</td><td>85.8</td><td>61.9</td><td>23.9</td><td>46.2</td><td>135.7</td><td>64.1r</td><td>49.4</td><td>15.0r</td><td>16.1</td><td>9.6</td><td>21.8</td><td>11.3r</td><td>12.5</td></tr><tr><td>March</td><td>264.5</td><td>83.4</td><td>59.5</td><td>23.8</td><td>46.3</td><td>134.9</td><td>64.8r</td><td>49.5</td><td>15.2r</td><td>16.0</td><td>9.6</td><td>20.7</td><td>11.4r</td><td>12.5</td></tr><tr><td>April</td><td>264.6</td><td>83.0</td><td>59.1</td><td>23.9</td><td>46.3</td><td>135.3</td><td>64.8r</td><td>49.6</td><td>15.2r</td><td>16.0</td><td>9.5</td><td>20.5</td><td>11.5r</td><td>13.0</td></tr><tr><td>May</td><td>266.6</td><td>82.8</td><td>58.6</td><td>24.2</td><td>46.8</td><td>137.0</td><td>65.3r</td><td>49.3</td><td>16.1r</td><td>16.0</td><td>9.6</td><td>21.4</td><td>11.9r</td><td>12.8</td></tr><tr><td>June</td><td>266.1</td><td>83.6</td><td>58.8</td><td>24.7</td><td>47.6</td><td>135.0</td><td>65.6r</td><td>49.3</td><td>16.3r</td><td>15.9</td><td>9.5</td><td>19.2</td><td>12.0r</td><td>12.8</td></tr><tr><td>July</td><td>272.7</td><td>88.4</td><td>63.5</td><td>25.0</td><td>47.6</td><td>136.7</td><td>65.5r</td><td>49.3</td><td>16.2r</td><td>15.9</td><td>9.5</td><td>20.3</td><td>12.2r</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>65.6r</td><td>49.3</td><td>16.3r</td><td>15.9</td><td>9.5</td><td>20.8</td><td>12.2r</td><td>13.5</td></tr><tr><td>September</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>65.7</td><td>49.3</td><td>16.5</td><td>15.9</td><td>9.5</td><td>20.5</td><td>12.2</td><td>13.4</td></tr><tr><td>October p....</td><td>273.5</td><td>88.1</td><td>62.7</td><td>25.3</td><td>48.0</td><td>137.4</td><td>65.6</td><td>49.2</td><td>16.4</td><td>15.8</td><td>9.3</td><td>20.7</td><td>12.2</td><td>13.7</td></tr></table>
1/ United States savings bonds, Series A-F and J, are included at current redemption value.
2/ Securities issued or guaranteed by the U.S. Government, excluding guaranteed securities held by the Treasury.
3/ Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
4/ Holdings by Federal land banks are included under "Miscellaneous investors" instead of "U.S. Government investment accounts" after June 26, 1947, when the proprietary interest of the United States in these banks ended.
5/ Includes partnerships and personal trust accounts. Nonprofit institu-
6/ Exclusive of banks and insurance companies.
7/ Consists of trust, sinking, and investment funds of State and local governments and their agencies, and Territories and island possessions.
8/ 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 by the International Bank for Reconstruction and Development and the International Monetary Fund in special noninterest-bearing notes issued by the U. S. Government.
p Preliminary.
r Revised.
26
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1953
The Treasury Survey of Ownership covers securities issued by the United States Government and by Federal agencies. The banks and insurance companies included in the Survey account for approximately 95 percent of such securities held by all banks and insurance companies in the United States. Data were first published for March 31, 1941, in the May 1941 "Treasury Bulletin".
Information on the distribution of ownership by types of banks and insurance companies is published each month. Additional information showing the holdings of commercial banks distributed according to Federal Reserve member bank classes and nonmember banks is published for June 30 and December 31.
Section I - Securities Issued or Guaranteed by the United States Government Table 1.- Summary of All Securities
(Par values - in millions of dollars)
<table><tr><th>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>7,033 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th colspan="2">Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>314 life</th><th>603 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public marketable</td><td>153,041</td><td>54,822</td><td>7,360</td><td>6,296</td><td>4,529</td><td>28,859</td><td>51,175</td></tr><tr><td>Public nonmarketable 4/</td><td>77,427</td><td>2,225</td><td>1,966</td><td>3,519</td><td>904</td><td>3,566</td><td>65,246</td></tr><tr><td>Special issues</td><td>40,888</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,888</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>271,356</td><td>57,048</td><td>9,326</td><td>9,815</td><td>5,432</td><td>73,313</td><td>116,421</td></tr><tr><td>Matured debt and debt bearing no interest 5/</td><td>2,097</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>273,452</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
(Per values - in millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,033 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th colspan="2">Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>314 life</th><th>603 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Type of security:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Issued by U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>19,509</td><td>4,579</td><td>119</td><td>412</td><td>133</td><td>2,149</td><td>12,117</td></tr><tr><td>Certificates of indebtedness</td><td>26,385</td><td>9,468</td><td>223</td><td>50</td><td>465</td><td>5,925</td><td>10,254</td></tr><tr><td>Treasury notes</td><td>33,736</td><td>12,399</td><td>164</td><td>78</td><td>678</td><td>13,802</td><td>6,615</td></tr><tr><td>Treasury bonds - bank eligible</td><td>59,836</td><td>28,011</td><td>5,193</td><td>3,561</td><td>2,785</td><td>4,734</td><td>15,592</td></tr><tr><td>Treasury bonds - bank restricted 7/</td><td>13,404</td><td>321</td><td>1,646</td><td>2,186</td><td>466</td><td>2,232</td><td>6,553</td></tr><tr><td>Postal savings and Panama Canal bonds</td><td>107</td><td>15</td><td>-</td><td>-</td><td>1</td><td>17</td><td>75</td></tr><tr><td>Guaranteed by U. S. Government 6/</td><td>65</td><td>29</td><td>15</td><td>10</td><td>*</td><td>1</td><td>9</td></tr><tr><td>Total</td><td>153,041</td><td>54,822</td><td>7,360</td><td>6,296</td><td>4,529</td><td>28,859</td><td>51,175</td></tr><tr><td>Maturity classes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>66,937</td><td>20,814</td><td>456</td><td>475</td><td>979</td><td>16,301</td><td>27,912</td></tr><tr><td>1 to 5 years</td><td>35,624</td><td>20,411</td><td>518</td><td>179</td><td>1,106</td><td>6,601</td><td>6,809</td></tr><tr><td>5 to 10 years</td><td>18,674</td><td>9,033</td><td>1,285</td><td>688</td><td>1,100</td><td>1,777</td><td>4,792</td></tr><tr><td>10 to 15 years</td><td>3,602</td><td>1,845</td><td>387</td><td>351</td><td>171</td><td>266</td><td>581</td></tr><tr><td>15 to 20 years</td><td>26,534</td><td>2,580</td><td>4,569</td><td>4,462</td><td>1,138</td><td>3,754</td><td>10,035</td></tr><tr><td>Over 20 years</td><td>1,606</td><td>109</td><td>134</td><td>132</td><td>35</td><td>159</td><td>1,037</td></tr><tr><td>Various (Federal Housing Administration debentures)</td><td>65</td><td>29</td><td>15</td><td>10</td><td>*</td><td>1</td><td>9</td></tr><tr><td>Total</td><td>153,041</td><td>54,822</td><td>7,360</td><td>6,296</td><td>4,529</td><td>28,859</td><td>51,175</td></tr><tr><td>Tax status: 8/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes</td><td>107</td><td>15</td><td>-</td><td>-</td><td>1</td><td>17</td><td>73</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>6,678</td><td>5,650</td><td>10</td><td>3</td><td>204</td><td>8</td><td>803</td></tr><tr><td>Subject to Federal income taxes 9/</td><td>146,257</td><td>49,158</td><td>7,350</td><td>6,293</td><td>4,324</td><td>28,834</td><td>50,297</td></tr><tr><td>Total</td><td>153,041</td><td>54,822</td><td>7,360</td><td>6,296</td><td>4,529</td><td>28,859</td><td>51,175</td></tr></table>
Footnotes at end of Section II.
January 1954
27
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1953
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par value - 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>7,033 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>31h life</th><th>603 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Treasury bills......(taxable)</td><td>19,509</td><td>4,579</td><td>119</td><td>412</td><td>133</td><td>2,149</td><td>12,117</td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4 February 1954-A......(taxable)</td><td>8,114</td><td>1,778</td><td>30</td><td>9</td><td>112</td><td>3,691</td><td>2,496</td></tr><tr><td>2-5/8 June 1954-B......(taxable)</td><td>4,858</td><td>1,573</td><td>27</td><td>3</td><td>96</td><td>1,154</td><td>2,004</td></tr><tr><td>2-1/2 March 1954-C (Tax Anticipation Series)......(taxable)</td><td>5,902</td><td>3,110</td><td>64</td><td>27</td><td>46</td><td>18</td><td>2,637</td></tr><tr><td>2-5/8 August 1954-D......(taxable)</td><td>2,788</td><td>1,198</td><td>29</td><td>8</td><td>92</td><td>191</td><td>1,271</td></tr><tr><td>2-5/8 September 1954-E......(taxable)</td><td>4,723</td><td>1,809</td><td>74</td><td>3</td><td>119</td><td>871</td><td>1,847</td></tr><tr><td>Total certificates of indebtedness</td><td>26,385</td><td>9,468</td><td>223</td><td>50</td><td>465</td><td>5,923</td><td>10,254</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/8 December 1953-A......(taxable)</td><td>10,542</td><td>1,020</td><td>30</td><td>4</td><td>80</td><td>7,517</td><td>1,891</td></tr><tr><td>1-3/8 March 1954-A......(taxable)</td><td>4,675</td><td>2,398</td><td>7</td><td>*</td><td>138</td><td>245</td><td>1,887</td></tr><tr><td>1-1/2 March 1955-A......(taxable)</td><td>5,365</td><td>3,826</td><td>10</td><td>*</td><td>177</td><td>91</td><td>1,261</td></tr><tr><td>1-3/4 December 1955-B......(taxable)</td><td>6,854</td><td>2,531</td><td>7</td><td>2</td><td>123</td><td>3,236</td><td>955</td></tr><tr><td>1-1/2 April 1956-FA......(taxable)</td><td>1,007</td><td>6</td><td>-</td><td>-</td><td>-</td><td>1,000</td><td>1</td></tr><tr><td>1-1/2 October 1956-FO......(taxable)</td><td>550</td><td>41</td><td>*</td><td>*</td><td>*</td><td>500</td><td>8</td></tr><tr><td>2-7/8 March 1957-A......(taxable)</td><td>2,996</td><td>2,221</td><td>91</td><td>4</td><td>125</td><td>-</td><td>555</td></tr><tr><td>1-1/2 April 1957-FA......(taxable)</td><td>531</td><td>27</td><td>2</td><td>-</td><td>1</td><td>500</td><td>2</td></tr><tr><td>1-1/2 October 1957-FO......(taxable)</td><td>824</td><td>91</td><td>2</td><td>-</td><td>6</td><td>714</td><td>11</td></tr><tr><td>1-1/2 April 1958-FA......(taxable)</td><td>383</td><td>234</td><td>15</td><td>64</td><td>27</td><td>-</td><td>44</td></tr><tr><td>1-1/2 October 1958-FO......(taxable)</td><td>9</td><td>4</td><td>*</td><td>4</td><td>1</td><td>-</td><td>*</td></tr><tr><td>Total Treasury notes</td><td>33,736</td><td>12,399</td><td>164</td><td>78</td><td>678</td><td>13,802</td><td>6,615</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bank eligible:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2/4 December 1951-55......(taxable)</td><td>510</td><td>342</td><td>9</td><td>*</td><td>17</td><td>8</td><td>134</td></tr><tr><td>2 June 1952-54......(taxable)</td><td>5,825</td><td>3,348</td><td>71</td><td>9</td><td>163</td><td>465</td><td>1,763</td></tr><tr><td>2-1/4 June 1952-55......(taxable)</td><td>1,501</td><td>916</td><td>48</td><td>21</td><td>54</td><td>101</td><td>361</td></tr><tr><td>2 December 1952-54......(taxable)</td><td>8,662</td><td>5,683</td><td>96</td><td>18</td><td>236</td><td>299</td><td>2,331</td></tr><tr><td>2-1/4 June 1954-56......(partially)</td><td>681</td><td>603</td><td>2</td><td>*</td><td>27</td><td>*</td><td>49</td></tr><tr><td>2-7/8 March 1955-60......(partially)</td><td>2,611</td><td>1,980</td><td>3</td><td>1</td><td>77</td><td>5</td><td>545</td></tr><tr><td>2-1/2 March 1956-58......(taxable)</td><td>1,449</td><td>1,096</td><td>32</td><td>10</td><td>35</td><td>30</td><td>246</td></tr><tr><td>2-1/4 September 1956-59......(taxable)</td><td>3,822</td><td>2,909</td><td>32</td><td>46</td><td>82</td><td>60</td><td>692</td></tr><tr><td>2-3/4 September 1956-59......(partially)</td><td>982</td><td>900</td><td>2</td><td>*</td><td>33</td><td>*</td><td>47</td></tr><tr><td>2-3/8 March 1957-59......(taxable)</td><td>927</td><td>465</td><td>22</td><td>*</td><td>8</td><td>339</td><td>92</td></tr><tr><td>2-3/8 June 1958......(taxable)</td><td>4,245</td><td>2,784</td><td>203</td><td>57</td><td>276</td><td>106</td><td>819</td></tr><tr><td>2-3/4 June 1958-63......(partially)</td><td>919</td><td>836</td><td>1</td><td>-</td><td>37</td><td>1</td><td>44</td></tr><tr><td>2-1/2 December 1958......(taxable)</td><td>620</td><td>431</td><td>27</td><td>*</td><td>12</td><td>35</td><td>115</td></tr><tr><td>2-1/4 June 1959-62......(taxable)</td><td>5,278</td><td>1,118</td><td>882</td><td>315</td><td>529</td><td>581</td><td>1,892</td></tr><tr><td>2-1/4 December 1959-62......(taxable)</td><td>3,466</td><td>388</td><td>316</td><td>324</td><td>321</td><td>754</td><td>1,363</td></tr><tr><td>2-3/4 December 1960-65......(partially)</td><td>1,495</td><td>1,332</td><td>3</td><td>2</td><td>30</td><td>1</td><td>118</td></tr><tr><td>2-1/2 June 1962-67......(taxable)</td><td>2,116</td><td>514</td><td>385</td><td>348</td><td>141</td><td>265</td><td>463</td></tr><tr><td>2-1/2 December 1963-68......(taxable)</td><td>2,827</td><td>178</td><td>701</td><td>528</td><td>253</td><td>368</td><td>800</td></tr><tr><td>2-1/2 June 1964-69......(taxable)</td><td>3,756</td><td>204</td><td>1,240</td><td>702</td><td>184</td><td>429</td><td>997</td></tr><tr><td>2-1/2 December 1964-69......(taxable)</td><td>3,832</td><td>75</td><td>830</td><td>1,028</td><td>194</td><td>559</td><td>1,146</td></tr><tr><td>2-1/2 September 1967-72......(taxable)</td><td>2,716</td><td>1,802</td><td>148</td><td>18</td><td>41</td><td>167</td><td>539</td></tr><tr><td>3-1/4 June 1978-83......(taxable)</td><td>1,606</td><td>109</td><td>134</td><td>132</td><td>35</td><td>159</td><td>1,037</td></tr><tr><td>Total bank eligible</td><td>59,836</td><td>28,011</td><td>5,193</td><td>3,561</td><td>2,785</td><td>4,734</td><td>15,592</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>2-1/2/4 March 1965-70......(taxable)</td><td>4,721</td><td>48</td><td>844</td><td>1,197</td><td>175</td><td>1,161</td><td>1,296</td></tr><tr><td>2-1/2 March 1966-71......(taxable)</td><td>2,962</td><td>42</td><td>408</td><td>868</td><td>128</td><td>667</td><td>850</td></tr><tr><td>2-1/2 June 1967-72......(taxable)</td><td>1,893</td><td>71</td><td>252</td><td>50</td><td>51</td><td>141</td><td>1,328</td></tr><tr><td>2-1/2 December 1967-72......(taxable)</td><td>3,828</td><td>160</td><td>142</td><td>71</td><td>113</td><td>263</td><td>3,079</td></tr><tr><td>Total bank restricted</td><td>13,404</td><td>321</td><td>1,646</td><td>2,186</td><td>466</td><td>2,232</td><td>6,753</td></tr><tr><td>Total Treasury bonds</td><td>73,239</td><td>28,332</td><td>6,839</td><td>5,747</td><td>3,251</td><td>6,966</td><td>22,105</td></tr></table>
Footnotes at end of Section II.
(Continued on following page)
28
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1
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 8/ 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>7,033 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th colspan="2">Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>314 life</th><th>603 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Other bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings bonds....................(wholly)</td><td>57</td><td>8</td><td>-</td><td>-</td><td>*</td><td>17</td><td>33</td></tr><tr><td>Panama Canal bonds....................(wholly)</td><td>50</td><td>7</td><td>-</td><td>-</td><td>1</td><td>*</td><td>42</td></tr><tr><td>Total other bonds.....................</td><td>107</td><td>15</td><td>-</td><td>-</td><td>1</td><td>17</td><td>75</td></tr><tr><td>Guaranteed securities: 6/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Housing Administration debentures....................(taxable 10/)</td><td>65</td><td>29</td><td>15</td><td>10</td><td>*</td><td>1</td><td>9</td></tr><tr><td>Total public marketable securities....</td><td>153,041</td><td>54,822</td><td>7,360</td><td>6,296</td><td>4,529</td><td>28,859</td><td>51,175</td></tr></table>
Footnotes at end of Section II
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Por values - in millions of dollars)
<table><tr><th>Issue (Tax status 8/ 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>7,033 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th colspan="2">Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>314 life</th><th>603 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series E 1/.............(taxable)</td><td>35,848</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>35,847</td></tr><tr><td>Series F 1/.............(taxable)</td><td>3,635</td><td>455</td><td>14</td><td>35</td><td>83</td><td>1</td><td>3,048</td></tr><tr><td>Series G.................(taxable)</td><td>17,046</td><td>914</td><td>547</td><td>265</td><td>228</td><td>18</td><td>14,874</td></tr><tr><td>Series E.................(taxable)</td><td>543</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>543</td></tr><tr><td>Series J 1/.............(taxable)</td><td>183</td><td>1</td><td>*</td><td>1</td><td>4</td><td>*</td><td>177</td></tr><tr><td>Series K.................(taxable)</td><td>520</td><td>1</td><td>5</td><td>2</td><td>12</td><td>1</td><td>500</td></tr><tr><td>Total United States saving bonds.............</td><td>57,775</td><td>1,370</td><td>566</td><td>302</td><td>527</td><td>21</td><td>54,989</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>6,258</td><td>44</td><td>*</td><td>*</td><td>13</td><td>6</td><td>6,194</td></tr><tr><td>Depositary bonds.............(taxable)</td><td>454</td><td>454 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>915</td><td>184</td><td>121</td><td>265</td><td>36</td><td>100</td><td>208</td></tr><tr><td>Investment Series B.............(taxable)</td><td>12,025</td><td>173</td><td>1,279</td><td>2,952</td><td>327</td><td>3,439</td><td>3,854</td></tr><tr><td>Total other U. S. securities.............</td><td>19,651</td><td>855 11/</td><td>1,401</td><td>3,217</td><td>376</td><td>3,545</td><td>10,256</td></tr><tr><td>Total public nonmarketable securities.............</td><td>77,427</td><td>2,225 11/</td><td>1,966</td><td>3,513</td><td>904</td><td>3,566</td><td>65,246</td></tr></table>
Footnotee at end of Section II
January 1954
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1953
Section II - Interest-Bearing Securities Issued by Federal Agencies but not Guaranteed by the United States Government
(Per values - in millions of dollars)
<table><tr><th>Issue (Tax status 9/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors in Treasury Survey</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th>7,033 commercial banks 1/ 2/</th><th>526 mutual savings banks 1/</th><th colspan="2">Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>314 life</th><th>603 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Federal intermediate credit banks: Debuttures....................(taxable)</td><td>754</td><td>362</td><td>43</td><td>6</td><td>23</td><td>*</td><td>321</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>2-1/24 February 1954 (Debuttures)....(taxable)</td><td>40</td><td>37</td><td>*</td><td>-</td><td>1</td><td>-</td><td>1</td></tr><tr><td>2-5/8 June 1954 (Debutturs)....(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 (Debuttures)....(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>76</td><td>8</td><td>1</td><td>4</td><td>-</td><td>21</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>23</td><td>2</td><td>-</td><td>1</td><td>-</td><td>15</td></tr><tr><td>2.75 February 1954 (Notes).........(taxable)</td><td>111</td><td>54</td><td>2</td><td>*</td><td>3</td><td>2</td><td>49</td></tr><tr><td>2.75 March 1954 (Notes).........(taxable)</td><td>98</td><td>44</td><td>6</td><td>*</td><td>1</td><td>-</td><td>47</td></tr><tr><td>2-7/8 April 1954 (Notes).........(taxable)</td><td>100</td><td>45</td><td>2</td><td>*</td><td>2</td><td>-</td><td>51</td></tr><tr><td>Total Federal home loan bank securities</td><td>350</td><td>165</td><td>13</td><td>1</td><td>7</td><td>2</td><td>161</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>90</td><td>3</td><td>*</td><td>3</td><td>-</td><td>18</td></tr><tr><td>2-1/2 November 1954 (Bonds)....(taxable)</td><td>71</td><td>48</td><td>4</td><td>*</td><td>4</td><td>-</td><td>13</td></tr><tr><td>2-1/2 November 1954 (Bonds)....(taxable)</td><td>100</td><td>51</td><td>4</td><td>*</td><td>4</td><td>-</td><td>41</td></tr><tr><td>1-3/4 October 1955-57 (Bonds)....(taxable)</td><td>215</td><td>181</td><td>1</td><td>*</td><td>7</td><td>-</td><td>25</td></tr><tr><td>2-5/8 May 1956 (Bonds)....(taxable)</td><td>229</td><td>158</td><td>12</td><td>1</td><td>10</td><td>-</td><td>68</td></tr><tr><td>2-3/4 May 1958 (Bonds)....(taxable)</td><td>146</td><td>71</td><td>11</td><td>1</td><td>4</td><td>-</td><td>58</td></tr><tr><td>Total Federal land bank securities</td><td>875</td><td>600</td><td>35</td><td>3</td><td>32</td><td>-</td><td>204</td></tr></table>
1/ Excludes trust departments.
2/ Includes trust companies and, beginning with figures for July 1949, also includes stock savings banks. Formerly these banks were shown as a separate classification, but they are no longer so reported.
3/ Includes those banks and insurance companies not reporting in the Treasury Survey.
4/ United States savings bonds, Series E, F, and J, are shown at current redemption values. They were reported at maturity value by the banks and insurance companies included in the Treasury Survey but have been adjusted to current redemption values for use in this statement.
5/ Holdings by reporting agencies not available.
6/ Excludes guaranteed securities held by the Treasury.
7/ Issues which commercial banks may not acquire prior to specified dates (with minor exceptions); see "Debt Outstanding", Table 2, footnote 1.
8/ Federal securities fall into three broad classes with respect to the imposition of Federal income taxes on income derived from them. "Wholly" tax-exempt securities are those with the income exempt from both normal
tax and surtax. "Partially" tax-exempt securities are those with the income exempt from the normal tax except that in the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any one holder is also exempt from the surtax. "Taxable" securities are those with the income subject to normal tax and surtax.
2/ Includes Federal Housing Administration debentures; see footnote 10.
10/ A small indeterminate amount of these debentures is partially tax-exempt.
11/ Includes $147.3 million depositary bonds held by commercial banks not included in the Treasury Survey.
12/ The proprietary interest of the United States in these banks ended in July 1951.
13/ Excludes issues completely held by Farm Credit Administration agencies. The proprietary interest of the United States in these banks ended in June 1947.
* Less than $500,000.
30
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 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 out- standing (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th><th rowspan="2">Amount out- standing (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th></tr><tr><th>Bid</th><th>Change from last month</th><th>Bid</th><th>Change from last month</th></tr><tr><td>$1,500</td><td>12/3/53</td><td>9/3/53</td><td>1.50%</td><td>+1.45%</td><td>$1,501</td><td>1/21/54</td><td>10/22/53</td><td>1.55%</td><td>+2.27%</td></tr><tr><td>1,501</td><td>12/10/53</td><td>9/10/53</td><td>1.20</td><td>+1.15</td><td>1,500</td><td>1/28/54</td><td>10/29/53</td><td>1.56</td><td>+2.28</td></tr><tr><td>1,500</td><td>12/17/53</td><td>9/17/53</td><td>1.20</td><td>+1.10</td><td>1,501</td><td>2/4/54</td><td>11/5/53</td><td>1.56</td><td>-</td></tr><tr><td>1,500</td><td>12/24/53</td><td>9/24/53</td><td>1.20</td><td>+1.05</td><td>1,500</td><td>2/11/54</td><td>11/12/53</td><td>1.57</td><td>-</td></tr><tr><td>1,501</td><td>12/31/53</td><td>10/1/53</td><td>1.25</td><td>+1.05</td><td>1,502</td><td>2/18/54</td><td>11/19/53</td><td>1.57</td><td>-</td></tr><tr><td>1,501</td><td>1/7/54</td><td>10/8/53</td><td>1.43</td><td>+1.17</td><td>1,501</td><td>2/25/54</td><td>11/21/53</td><td>1.58</td><td>-</td></tr><tr><td>1,501</td><td>1/14/54</td><td>10/15/53</td><td>1.55</td><td>+1.28</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 rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th rowspan="2">Issue date</th><th colspan="2">Price</th><th colspan="2">Yield</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th></tr><tr><td>$8,114</td><td>2-1/4% - 2/15/54-A</td><td>2/1/53</td><td>100.09</td><td>-.02</td><td>.86%</td><td>-.18%</td></tr><tr><td>5,902</td><td>2-1/2 - 3/22/54-C 1/</td><td>7/15/53</td><td>100.08</td><td>-.05</td><td>1.65</td><td>+.23</td></tr><tr><td>4,858</td><td>2-5/8 - 6/1/54-B</td><td>6/1/53</td><td>100.20</td><td>.00</td><td>1.34</td><td>-.17</td></tr><tr><td>2,788</td><td>2-5/8 - 8/15/54-D</td><td>8/15/53</td><td>100.24½</td><td>-.02½</td><td>1.51</td><td>-.01</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>.00</td><td>1.53</td><td>-.10</td></tr></table>
Footnote at end of Table 4.
Table 3.- Other Taxable Issues
(Price decimale are 32nd)
<table><tr><th>Amount outstanding (millions)</th><th>Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th>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 maturity</th><th>Change from last month</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>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>$10,042</td><td>2-1/8 - 12/1/53-A</td><td>3/100.08</td><td>3/</td><td>3/1.63%</td><td>3/</td><td>10/1/52</td><td>100.10</td><td>11/18/53</td><td>99.26</td><td>6/1/53</td></tr><tr><td>4,675</td><td>1-7/8 - 12/15/54-B</td><td>100.01</td><td>-</td><td>1.26</td><td>-.05%</td><td>12/1/53</td><td>100.09</td><td>11/23/53</td><td>100.08</td><td>11/30/53</td></tr><tr><td>5,365</td><td>1-3/8 - 3/15/54-A</td><td>99.20</td><td>+02</td><td>1.80</td><td>-.03</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>6,854</td><td>1-1/2 - 3/15/55-A</td><td>99.24</td><td>+01</td><td>1.88</td><td>+02</td><td>3/15/50</td><td>100.07</td><td>3/10/50</td><td>97.22</td><td>12/26/51</td></tr><tr><td>1,007</td><td>1-3/4 - 12/15/55-B</td><td>99.00</td><td>+08</td><td>1.93</td><td>-10</td><td>12/15/50</td><td>100.04</td><td>1/19/51</td><td>97.21</td><td>6/1/53</td></tr><tr><td>550</td><td>1-1/2 - 10/1/56-BO</td><td>98.24</td><td>+06</td><td>1.95</td><td>-06</td><td>4/1/51</td><td>99.00</td><td>11/30/53</td><td>97.06</td><td>6/16/53</td></tr><tr><td>2,996</td><td>2-7/8 - 3/15/57-A</td><td>102.07</td><td>+12</td><td>2.17</td><td>-13</td><td>10/1/51</td><td>98.24</td><td>11/30/53</td><td>96.20</td><td>6/8/53</td></tr><tr><td>531</td><td>1-1/2 - 4/1/57-EA</td><td>98.12</td><td>+08</td><td>2.00</td><td>-06</td><td>9/15/53</td><td>102.07</td><td>11/30/53</td><td>100.04</td><td>9/2/53</td></tr><tr><td>824</td><td>1-1/2 - 10/1/57-BO</td><td>98.02</td><td>+10</td><td>2.03</td><td>+07</td><td>4/1/52</td><td>98.15</td><td>4/17/52</td><td>95.24</td><td>6/5/53</td></tr><tr><td>383</td><td>1-1/2 - 4/1/58-EA</td><td>97.06</td><td>-02</td><td>2.18</td><td>+02</td><td>10/1/52</td><td>98.02</td><td>11/30/53</td><td>94.24</td><td>6/2/53</td></tr><tr><td>22</td><td>1-1/2 - 10/1/58-BO</td><td>96.24</td><td>+06</td><td>2.21</td><td>-03</td><td>4/1/53</td><td>97.12</td><td>11/4/53</td><td>93.16</td><td>6/4/53</td></tr><tr><td>Treasury bonds - bank eligible:</td><td></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 2/</td><td>100.03</td><td>+01</td><td>1.82 6/</td><td>-08</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 7/</td><td>100.11</td><td>+01</td><td>1.35</td><td>-13</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>1,901</td><td>2-1/4 - 6/15/52-55 5/</td><td>100.14</td><td>+02</td><td>1.42 6/</td><td>-22</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>100.08</td><td>+02</td><td>1.53 6/</td><td>-16</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 5/</td><td>100.12</td><td>-06</td><td>2.33 6/</td><td>+07</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>99.03</td><td>-09</td><td>2.42</td><td>+05</td><td>2/1/44</td><td>107.16</td><td>4/6/46</td><td>95.04</td><td>6/2/53</td></tr><tr><td>927</td><td>2-3/8 - 3/15/57-59</td><td>99.30</td><td>-07</td><td>2.39</td><td>+06</td><td>3/1/52</td><td>101.18</td><td>4/18/52</td><td>96.06</td><td>6/2/53</td></tr><tr><td>4,245</td><td>2-3/8 - 6/15/58</td><td>99.30</td><td>-00</td><td>2.39</td><td>-00</td><td>7/1/52</td><td>100.16</td><td>7/1/52</td><td>96.10</td><td>6/1/53</td></tr><tr><td>620</td><td>2-1/2 - 12/15/58</td><td>100.11</td><td>-13</td><td>2.43</td><td>+09</td><td>2/15/53</td><td>100.26</td><td>11/2/53</td><td>97.04</td><td>6/1/53</td></tr><tr><td>5,278</td><td>2-1/4 - 6/15/59-62</td><td>97.14</td><td>-08</td><td>2.59</td><td>+04</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>97.13</td><td>-09</td><td>2.57</td><td>+03</td><td>11/15/45</td><td>104.21</td><td>4/6/46</td><td>92.00</td><td>6/1/53</td></tr><tr><td>2,239</td><td>2-3/4 - 9/15/61</td><td>100.30</td><td>+02</td><td>2.62</td><td>-01</td><td>11/9/53</td><td>100.31</td><td>11/2/53</td><td>100.19</td><td>11/13/53</td></tr><tr><td>2,116</td><td>2-1/2 - 6/15/62-67</td><td>97.08</td><td>-18</td><td>2.74</td><td>+04</td><td>5/5/42</td><td>108.12</td><td>4/6/46</td><td>92.00</td><td>6/1/53</td></tr><tr><td>2,827</td><td>2-1/2 - 12/15/63-68</td><td>96.08</td><td>-22</td><td>2.81</td><td>+06</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>3,755</td><td>2-1/2 - 6/15/64-69</td><td>95.28</td><td>-27</td><td>2.83</td><td>+07</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>95.24</td><td>-28</td><td>2.83</td><td>+07</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 8/</td><td>94.18</td><td>-26</td><td>2.87</td><td>+05</td><td>10/20/41</td><td>109.18</td><td>4/6/46</td><td>89.30</td><td>6/1/53</td></tr><tr><td>1,606</td><td>3-1/4 - 6/15/78-83 9/</td><td>103.29</td><td>-01</td><td>3.02 6/</td><td>.00</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 end of Table 4.
(Continued on following page)
January 1954
31
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1953
Table 3.- Other Taxable Issues - (Continued)
(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 maturity</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td colspan="2">Treasury bonds - bank restricted: 10/</td><td></td><td></td><td></td><td></td><td></td><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$4,720</td><td>2-1/2% - 3/15/65-70</td><td>95.12</td><td>-.24</td><td>2.86%</td><td>+.06%</td><td>2/1/44</td><td>107.23</td><td>1/6/46</td><td>90.18</td><td>6/1/53</td></tr><tr><td>2,962</td><td>2-1/2 - 3/15/66-71 8/</td><td>95.04</td><td>-.20</td><td>2.86</td><td>+.05</td><td>12/1/44</td><td>107.22</td><td>1/6/46</td><td>90.16</td><td>6/1/53</td></tr><tr><td>1,892</td><td>2-1/2 - 6/15/67-72 8/</td><td>94.25</td><td>-.25</td><td>2.87</td><td>+.06</td><td>6/1/45</td><td>106.16</td><td>1/6/46</td><td>89.30</td><td>6/1/53</td></tr><tr><td>3,827</td><td>2-1/2 - 12/15/67-72 8/</td><td>94.23</td><td>-.21</td><td>2.86</td><td>+.05</td><td>11/15/45</td><td>106.16</td><td>1/6/46</td><td>89.30</td><td>6/1/53</td></tr></table>
Footnotes at end of Table 4.
Table 4.- Partially Tax-Exempt Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td colspan="9">Treasury bonds - bank eligible:</td><td>Price</td><td>Date</td><td>Price</td><td>Date</td></tr><tr><td>$ 681</td><td>2-1/4/ - 6/15/54-56</td><td>100.22</td><td>.00</td><td>.95%</td><td>-.17%</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>102.00</td><td>-.06</td><td>1.30</td><td>+.05</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 - 9/15/56-59</td><td>103.12</td><td>-.10</td><td>1.51</td><td>+.08</td><td>9/15/36</td><td>116.13</td><td>1/26/46</td><td>98.10</td><td>4/1/37</td></tr><tr><td>919</td><td>2-3/4 - 6/15/58-63</td><td>105.08</td><td>-.06</td><td>1.55</td><td>+.02</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>106.14</td><td>-.06</td><td>1.77</td><td>+.01</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, except that before October 1, 1939, they are closing prices on the New York Stock Exchange. "When issued" prices are included in history beginning October 1, 1939. Dates of highs and lows in case of recurrence are the latest dates.
3/ Not quoted on November 30, 1953.
4/ Amount allotted on November 30, 1953, was $8,175.
5/ Not called for redemption on December 15, 1953. Callable on four months' notice on June 15, 1954.
6/ 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.
7/ Not called for redemption on December 15, 1953. Will mature on June 15, 1954.
8/ Included in the average of taxable Treasury bonds due or callable from 12 to 20 years beginning April 15, 1953, as shown under "Average Yields of Long-Term Bonds".
9/ First quoted April 15, 1953. This issue is listed under a new long-term taxable Treasury bond class due or callable 20 years and after as shown under "Average Yields of Long-Term Bonds".
10/ For definition, see "Debt Outstanding and General Fund", Table 2, footnote 1.
32
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1953
YIELDS OF TAXABLE TREASURY SECURITIES, NOV. 30, 1953
Based on Closing Bid Quotations
Explanation: The points represent yields to call, when prices are above par, and to maturity date when prices are at par or below. The smooth curves for the various classes of points are fitted by eye. Issues for which an exchange offer has been made or which are due or callable in less than 3 months are excluded.
Office of the Secretary of the Treasury
F-598-A-1
January 1954
33
AVERAGE YIELDS OF LONG-TERM BONDS
Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods (Percent per annum)
<table><tr><th>Period</th><th>Taxable Treasury bonds 1/ 2/</th><th>Moody's Aaa corporate bonds 3/</th><th>Period</th><th>Taxable Treasury bonds 1/ 2/</th><th>Moody's Aaa corporate bonds 3/</th><th>Period</th><th>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 3/</th></tr><tr><td colspan="10">Annual series - calendar year averages of monthly series</td></tr><tr><td>1942</td><td>2.46</td><td>2.83</td><td>1948</td><td>2.44</td><td>2.82</td><td></td><td></td><td></td><td></td></tr><tr><td>1943</td><td>2.47</td><td>2.73</td><td>1949</td><td>2.31</td><td>2.66</td><td></td><td></td><td></td><td></td></tr><tr><td>1944</td><td>2.48</td><td>2.72</td><td>1950</td><td>2.32</td><td>2.62</td><td></td><td></td><td></td><td></td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1951</td><td>2.57</td><td>2.86</td><td></td><td></td><td></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><td></td><td></td><td></td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="10">Monthly series - averages of daily series</td></tr><tr><td>1949-Jan.</td><td>2.42</td><td>2.71</td><td>1951-Apr.</td><td>2.56</td><td>2.87</td><td>1953-Apr.</td><td>2.97</td><td>3.24</td><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>3.45</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>2.24</td><td>2.62</td><td>Nov.</td><td>2.66</td><td>2.96</td><td>Nov.</td><td>2.85</td><td>3.04</td><td>3.11</td></tr><tr><td>Sept.</td><td>2.22</td><td>2.60</td><td>Dec.</td><td>2.70</td><td>3.01</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>2.22</td><td>2.61</td><td>1952-Jan.</td><td>2.74</td><td>2.98</td><td></td><td></td><td></td><td></td></tr><tr><td>Nov.</td><td>2.20</td><td>2.60</td><td>Feb.</td><td>2.71</td><td>2.93</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2.19</td><td>2.58</td><td>Mar.</td><td>2.70</td><td>2.96</td><td></td><td></td><td></td><td></td></tr><tr><td>1950-Jan.</td><td>2.20</td><td>2.57</td><td>Apr.</td><td>2.64 1/</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>1953-Apr.</td><td>2.97</td><td>3.24</td><td>3.23</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>May.</td><td>3.09</td><td>3.26</td><td>3.34</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>June.</td><td>3.09</td><td>3.29</td><td>3.40</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>July.</td><td>2.99</td><td>3.45</td><td>3.28</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>Aug.</td><td>3.00</td><td>3.22</td><td>3.24</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>Sept.</td><td>2.97</td><td>3.19</td><td>3.29</td></tr><tr><td>Aug.</td><td>2.33</td><td>2.61</td><td>Nov.</td><td>2.71</td><td>2.98</td><td>Oct.</td><td>2.83</td><td>3.06</td><td>3.16</td></tr><tr><td>Sept.</td><td>2.36</td><td>2.64</td><td>Dec.</td><td>2.75</td><td>2.97</td><td>Nov.</td><td>2.85</td><td>3.04</td><td>3.11</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><tr><td colspan="10">Weekly series - average of daily series for weeks ending</td></tr><tr><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 3/</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 3/</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 3/</th></tr><tr><td>1953-June 5</td><td>3.15</td><td>3.30</td><td>3.39</td><td>1953-Aug. 7</td><td>3.00</td><td>3.23</td><td>3.22</td><td>1953-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>July 3</td><td>3.01</td><td>3.26</td><td>3.36</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><tr><td>10</td><td>2.99</td><td>3.25</td><td>3.31</td><td>Sept. 4</td><td>3.02</td><td>3.23</td><td>3.29</td><td>Nov. 6</td><td>2.82</td><td>3.04</td><td>3.09</td></tr><tr><td>17</td><td>2.98</td><td>3.25</td><td>3.28</td><td>11</td><td>3.02</td><td>3.24</td><td>3.30</td><td>13</td><td>2.85</td><td>3.06</td><td>3.10</td></tr><tr><td>24</td><td>2.98</td><td>3.23</td><td>3.26</td><td>18</td><td>2.99</td><td>3.21</td><td>3.31</td><td>20</td><td>2.86</td><td>3.03</td><td>3.13</td></tr><tr><td>31</td><td>3.01</td><td>3.24</td><td>3.24</td><td>25</td><td>2.92</td><td>3.15</td><td>3.30</td><td>27</td><td>2.88</td><td>3.04</td><td>3.12</td></tr><tr><td colspan="10">Daily series - unweighted averages</td></tr><tr><td>1953-Nov. 2</td><td>2.81</td><td>3.03</td><td>3.11</td><td>1953-Nov. 12</td><td>2.84</td><td>3.05</td><td>3.09</td><td>1953-Nov. 23</td><td>2.87</td><td>3.03</td><td>3.12</td></tr><tr><td>3</td><td>2.82</td><td>3.03</td><td>3.09</td><td>13</td><td>2.88</td><td>3.07</td><td>3.12</td><td>24</td><td>2.88</td><td>3.05</td><td>3.12</td></tr><tr><td>4</td><td>2.84</td><td>3.05</td><td>3.08</td><td>16</td><td>2.87</td><td>3.05</td><td>3.12</td><td>25</td><td>2.88</td><td>3.04</td><td>3.13</td></tr><tr><td>5</td><td>2.82</td><td>3.03</td><td>3.09</td><td>17</td><td>2.86</td><td>3.03</td><td>3.13</td><td>26</td><td>2.87</td><td>3.03</td><td>3.13</td></tr><tr><td>6</td><td>2.84</td><td>3.05</td><td>3.08</td><td>18</td><td>2.84</td><td>3.02</td><td>3.13</td><td>27</td><td>2.87</td><td>3.03</td><td>3.13</td></tr><tr><td>9</td><td>2.84</td><td>3.05</td><td>3.09</td><td>19</td><td>2.86</td><td>3.03</td><td>3.13</td><td>30</td><td>2.86</td><td>3.02</td><td>3.13</td></tr><tr><td>10</td><td>2.85</td><td>3.05</td><td>3.09</td><td>20</td><td>2.86</td><td>3.03</td><td>3.13</td><td></td><td></td><td></td><td></td></tr><tr><td>11</td><td>2.82</td><td>3.03</td><td>3.09</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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
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/ Moody's Investors Service average of Aaa corporate bonds. This series superseded the Treasury average of high-grade corporate bonds previously shown in this table, which was discontinued after March 1953.
4/ The long-term taxable Treasury bond average was revised beginning April 1, 1952, see footnote 2. The old average for April 1952 was
2.62 percent. 5/ Market closed.
34
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
Monthly averages of daily figures. See footnote 2 to Table I under "Average Yields of Long-Term Bonds".
Office of the Secretary of the Treasury
F-220-L
AVERAGE YIELDS OF LONG-TERM BONDS
January 1954
35
5. INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Total receipts from internal revenue (Daily Treasury Statement)</th><th>Adjustment of collections to Daily Treasury Statement</th><th>Total internal revenue collections</th><th>Corporation income and profits taxes 2/</th><th>Total</th><th>Individual income tax not withheld 3/</th><th>Individual income tax withheld 4/</th><th>Old-age insurance taxes 4/</th><th>Railroad retirement</th><th>Unemployment insurance</th></tr><tr><td>1945</td><td>43,902,002</td><td>+101,664</td><td>43,800,338</td><td>16,027,213</td><td>20,813,491</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>8,846,947</td><td>9,857,589</td><td>1,237,825</td><td>284,258</td><td>178,745</td></tr><tr><td>1947</td><td>39,379,409</td><td>+271,136</td><td>39,108,273</td><td>9,676,757</td><td>21,367,662</td><td>9,501,015</td><td>9,842,282</td><td>1,458,934</td><td>379,555</td><td>185,876</td></tr><tr><td>1948</td><td>41,853,485</td><td>-11,051</td><td>41,864,536</td><td>10,174,410</td><td>23,379,123</td><td>9,464,204</td><td>11,533,577</td><td>1,612,721</td><td>560,113</td><td>208,508</td></tr><tr><td>1949</td><td>40,307,285</td><td>-155,834</td><td>40,463,119</td><td>11,553,669</td><td>20,527,935</td><td>7,996,320</td><td>10,055,502</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>+491,482</td><td>38,957,126</td><td>10,854,351</td><td>19,797,883</td><td>7,268,332</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>26,624,788</td><td>9,907,539</td><td>13,089,769</td><td>2,810,750</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>11,345,060</td><td>17,929,047</td><td>3,584,026</td><td>620,622</td><td>259,616</td></tr><tr><td>1953</td><td>69,930,655</td><td>+244,145</td><td>69,686,509</td><td>21,594,515</td><td>37,254,619</td><td>11,403,942</td><td>21,132,275</td><td>3,818,219</td><td>628,969</td><td>271,214</td></tr><tr><td>1953-January</td><td>4,972,366</td><td>-405,912</td><td>5,378,278</td><td>501,195</td><td>4,039,683</td><td>2,854,566</td><td>1,144,150</td><td></td><td>4,288</td><td>36,679</td></tr><tr><td>February</td><td>6,150,309</td><td>-1,163,657</td><td>7,313,955</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>6,171,089</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>3,900,238</td><td>-215,385</td><td>4,115,622</td><td>654,130</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>4,920,068</td><td>-1,090,318</td><td>6,010,386</td><td>358,953</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>+1,457,107</td><td>8,660,088</td><td>5,683,320</td><td>2,063,047</td><td>1,437,420</td><td>527,360</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>3,752,858</td><td>650,737</td><td>2,124,615</td><td>324,338</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>-820,403</td><td>5,785,981</td><td>326,461</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>-485,266</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><tr><td>November</td><td>4,915,031</td><td>-1,456,973</td><td>6,372,004</td><td>318,122</td><td>4,556,682</td><td>77,050</td><td>4,397,601</td><td></td><td>70,097</td><td>11,934</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Total miscellaneous internal revenue</th><th>Capital stock tax 5/</th><th>Estate and gift taxes</th><th>Liquor taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' and retailers' excise taxes</th><th>Miscellaneous taxes</th></tr><tr><td>1945</td><td>6,959,634</td><td>371,999</td><td>643,055</td><td>2,309,864</td><td>932,145</td><td>65,528</td><td>1,206,616</td><td>1,430,428</td></tr><tr><td>1946</td><td>7,712,956</td><td>352,121</td><td>676,832</td><td>2,526,162</td><td>1,165,519</td><td>87,676</td><td>1,414,717</td><td>1,489,929</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>1,550,842</td></tr><tr><td>1948</td><td>8,311,003</td><td>1,723</td><td>899,345</td><td>2,255,320</td><td>1,300,280</td><td>79,466</td><td>2,119,157</td><td>1,655,711</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>72,828</td><td>2,220,744</td><td>1,752,792</td></tr><tr><td>1950</td><td>8,304,892</td><td>266</td><td>706,226</td><td>2,219,196</td><td>1,328,464</td><td>84,648</td><td>2,245,182</td><td>1,720,908</td></tr><tr><td>1951</td><td>9,433,328</td><td>-</td><td>729,730</td><td>2,546,807</td><td>1,380,396</td><td>93,107</td><td>2,840,690</td><td>1,842,598</td></tr><tr><td>1952</td><td>9,804,112</td><td>-</td><td>833,147</td><td>2,549,088</td><td>1,565,162</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>1,654,911</td><td>90,319</td><td>3,358,705</td><td>2,061,230</td></tr><tr><td>1953-January</td><td>837,400</td><td>-</td><td>76,922</td><td>187,958</td><td>135,729</td><td>6,237</td><td>282,730</td><td>147,825</td></tr><tr><td>February</td><td>846,509</td><td>-</td><td>64,830</td><td>185,596</td><td>132,569</td><td>10,018</td><td>308,281</td><td>145,215</td></tr><tr><td>March</td><td>978,064</td><td>-</td><td>153,506</td><td>229,090</td><td>143,621</td><td>5,883</td><td>275,965</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>228,859</td><td>128,962</td><td>5,805</td><td>320,183</td><td>166,997</td></tr><tr><td>June</td><td>913,722</td><td>-</td><td>59,911</td><td>236,958</td><td>136,184</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>82,850</td><td>243,585</td><td>125,260</td><td>11,663</td><td>312,345</td><td>201,803</td></tr><tr><td>August</td><td>852,808</td><td>-</td><td>60,231</td><td>224,681</td><td>145,120</td><td>4,847</td><td>266,510</td><td>151,418</td></tr><tr><td>September</td><td>535,845</td><td>-</td><td>64,142</td><td>266,097</td><td>140,280</td><td>4,982</td><td>4,406</td><td>55,939</td></tr><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><tr><td>November</td><td>1,497,200</td><td>-</td><td>55,686</td><td>275,707</td><td>126,341</td><td>4,802</td><td>772,715</td><td>261,949</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.
1/ Excludes collections for credit to certain trust accounts for island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 386, approved June 10, 1952, for taxable years ending after that date).
2/ Includes excess profits taxes formerly shown separately as follows: unjust enrichment through 1947 (thereafter these collections are included under "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, 1945). 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, imposed by the Revenue Act of 1951, approved October 20, 1951. 3/ Monthly 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 exclude this tax, on the basis of estimates beginning 1952, and it is included under "Old-age insurance taxes". 4/ Withheld income tax and old-age insurance taxes on employers and employees are paid into the Treasury in combined amounts beginning January 1951, so that current collections are not separable as to type of tax. The breakdown is estimated for fiscal years beginning 1951. 5/ Repealed for years ending after June 30, 1945. Beginning July 1950, included under "Miscellaneous taxes". r Revised.
36
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS Billions Total Fiscal year Comparison first 5 months fiscal years 1953 and 1954 DOLLARS Billions '39 '41 '43 '45 '47 '49 '51 '53
Office of the Secretary of the Treasury
B-165-0
January 1954
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 5 months of fiscal year</th><th colspan="2">Fifth month of fiscal year</th></tr><tr><th></th><th>1952</th><th>1953</th><th>1953</th><th>1954</th><th>1953 (November 1952)</th><th>1954 (November 1953)</th></tr><tr><td>Corporation income and profits taxes 2/</td><td>21,466,910</td><td>21,594,515</td><td>5,036,212</td><td>3,539,865</td><td>352,262</td><td>318,122</td></tr><tr><td colspan="7">Individual income tax and employment taxes:</td></tr><tr><td>Income tax not withheld 3/</td><td>11,545,060</td><td>11,603,942</td><td>2,412,083</td><td>2,202,523</td><td>108,607</td><td>77,050</td></tr><tr><td>Income tax withheld and old-age insurance 4/</td><td>21,313,072</td><td>24,750,494</td><td>11,384,337</td><td>12,870,603</td><td>3,967,879</td><td>4,397,601</td></tr><tr><td>Railroad retirement</td><td>620,622</td><td>628,969</td><td>218,928</td><td>231,613</td><td>58,282</td><td>70,097</td></tr><tr><td>Unemployment insurance</td><td>259,616</td><td>271,214</td><td>37,442</td><td>36,120</td><td>13,649</td><td>11,934</td></tr><tr><td>Total individual income tax and employment taxes</td><td>33,738,370</td><td>37,254,619</td><td>14,052,790</td><td>15,340,859</td><td>4,148,417</td><td>4,556,682</td></tr><tr><td colspan="7">Miscellaneous internal revenues:</td></tr><tr><td>Estate tax</td><td>750,591</td><td>784,590</td><td>313,413</td><td>354,191</td><td>47,557</td><td>54,865</td></tr><tr><td>Gift tax</td><td>82,556</td><td>106,694</td><td>6,075</td><td>4,958</td><td>2,962</td><td>821</td></tr><tr><td colspan="7">Liquor taxes:</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>187,479</td><td>204,794</td><td>85,357</td><td>105,562</td><td>23,752</td><td>27,357</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>1,402,220</td><td>1,636,057</td><td>739,813</td><td>774,633</td><td>179,056</td><td>184,589</td></tr><tr><td>Distilled spirits, rectification tax</td><td>31,812</td><td>32,721</td><td>14,865</td><td>12,336</td><td>4,002</td><td>3,253</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>3,753</td><td>3,956</td><td>1,669</td><td>1,821</td><td>511</td><td>591</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>68,621</td><td>76,579</td><td>31,705</td><td>30,479</td><td>6,650</td><td>7,355</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>15,249</td><td>16,272</td><td>12,010</td><td>11,889</td><td>370</td><td>228</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>28</td><td>24</td><td>11</td><td>18</td><td>-20</td><td>2</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>1,285</td><td>1,020</td><td>906</td><td>520</td><td>235</td><td>113</td></tr><tr><td>Container stamps</td><td>12,080</td><td>13,349</td><td>5,553</td><td>5,972</td><td>1,365</td><td>1,428</td></tr><tr><td>Floor taxes</td><td>93,808</td><td>27,956</td><td>27,449</td><td>216</td><td>138</td><td>19</td></tr><tr><td>Fermented malt liquors</td><td>727,604</td><td>762,983</td><td>338,668</td><td>356,893</td><td>52,409</td><td>50,692</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>5,148</td><td>5,215</td><td>3,794</td><td>3,740</td><td>71</td><td>79</td></tr><tr><td>Total liquor taxes</td><td>2,549,088</td><td>2,780,925</td><td>1,261,819</td><td>1,304,077</td><td>268,539</td><td>275,707</td></tr><tr><td colspan="7">Tobacco taxes:</td></tr><tr><td>Cigars (large)</td><td>44,760</td><td>46,277</td><td>20,403</td><td>20,512</td><td>3,932</td><td>4,097</td></tr><tr><td>Cigars (small)</td><td>50</td><td>49</td><td>21</td><td>17</td><td>4</td><td>2</td></tr><tr><td>Cigarettes (large)</td><td>12</td><td>7</td><td>4</td><td>3</td><td>1</td><td>1</td></tr><tr><td>Cigarettes (small)</td><td>1,474,060</td><td>1,586,775</td><td>690,381</td><td>654,104</td><td>121,643</td><td>120,544</td></tr><tr><td>Snuff</td><td>4,796</td><td>3,821</td><td>1,522</td><td>1,590</td><td>280</td><td>293</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>22,817</td><td>17,244</td><td>7,535</td><td>7,083</td><td>1,255</td><td>1,267</td></tr><tr><td>Cigarette papers and tubes</td><td>913</td><td>717</td><td>326</td><td>356</td><td>59</td><td>137</td></tr><tr><td>Leaf dealer penalties, etc</td><td>2</td><td>1</td><td>1</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Cigarette and cigar floor taxes</td><td>17,752</td><td>19</td><td>13</td><td>2</td><td>1</td><td>*</td></tr><tr><td>Total tobacco taxes</td><td>1,565,162</td><td>1,654,911</td><td>720,207</td><td>683,666</td><td>127,176</td><td>126,341</td></tr><tr><td colspan="7">Stamp taxes:</td></tr><tr><td>Bonds, issues and transfers of capital stock, deeds of conveyance, etc.</td><td>77,556</td><td>82,640</td><td>36,136</td><td>34,818</td><td>10,002</td><td>4,218</td></tr><tr><td>Playing cards</td><td>7,353</td><td>7,582</td><td>3,222</td><td>2,946</td><td>624</td><td>582</td></tr><tr><td>Silver bullion sales or transfers</td><td>86</td><td>97</td><td>19</td><td>11</td><td>1</td><td>2</td></tr><tr><td>Total stamp taxes</td><td>84,995</td><td>90,319</td><td>39,377</td><td>37,776</td><td>10,626</td><td>4,802</td></tr><tr><td colspan="7">Manufacturers' excise taxes:</td></tr><tr><td>Lubricating oils</td><td>95,286</td><td>73,321</td><td>31,595</td><td>32,574</td><td>5,826</td><td>17,395</td></tr><tr><td>Gasoline</td><td>713,174</td><td>890,679</td><td>397,524</td><td>374,978</td><td>75,421</td><td>196,310</td></tr><tr><td>Tires and tubes</td><td>161,328</td><td>180,047</td><td>70,465</td><td>78,606</td><td>14,630</td><td>45,509</td></tr><tr><td>Automobile trucks and buses</td><td>147,445</td><td>210,032</td><td>75,473</td><td>71,892</td><td>15,426</td><td>39,184</td></tr><tr><td>Other automobiles and motorcycles</td><td>578,149</td><td>785,716</td><td>242,673</td><td>430,037</td><td>71,348</td><td>253,295</td></tr><tr><td>Parts and accessories for automobiles</td><td>164,135</td><td>177,924</td><td>72,386</td><td>61,423</td><td>14,412</td><td>29,368</td></tr><tr><td>Electrical energy 5/</td><td>53,094</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric, gas, and oil appliances</td><td>89,544</td><td>113,390</td><td>40,904</td><td>39,132</td><td>6,940</td><td>19,806</td></tr><tr><td>Electric light bulbs and tubes</td><td>30,736</td><td>36,684</td><td>13,059</td><td>13,919</td><td>2,888</td><td>8,228</td></tr><tr><td>Radio sets, phonographs, television sets, components, etc</td><td>118,244</td><td>159,383</td><td>48,920</td><td>55,748</td><td>12,333</td><td>33,128</td></tr><tr><td>Photograph records</td><td>6,880</td><td>7,617</td><td>2,354</td><td>3,241</td><td>607</td><td>2,218</td></tr><tr><td>Musical instruments</td><td>9,412</td><td>11,048</td><td>4,271</td><td>3,711</td><td>910</td><td>1,953</td></tr><tr><td>Mechanical refrigerators, air-conditioners, quick-freeze units, etc</td><td>57,970</td><td>87,424</td><td>33,518</td><td>35,065</td><td>3,274</td><td>16,259</td></tr><tr><td>Matches</td><td>8,032</td><td>8,950</td><td>3,921</td><td>3,894</td><td>717</td><td>1,535</td></tr><tr><td>Business and store machines</td><td>48,515</td><td>50,259</td><td>20,620</td><td>21,160</td><td>3,769</td><td>11,858</td></tr><tr><td>Photographic apparatus</td><td>33,766</td><td>29,401</td><td>11,955</td><td>13,795</td><td>1,705</td><td>7,932</td></tr><tr><td>Sporting goods</td><td>16,501</td><td>15,845</td><td>6,317</td><td>6,726</td><td>848</td><td>3,149</td></tr><tr><td>Firearms, shells, and cartridges</td><td>10,679</td><td>12,148</td><td>6,325</td><td>6,575</td><td>1,560</td><td>3,768</td></tr><tr><td>Pistols and revolvers</td><td>1,172</td><td>983</td><td>376</td><td>788</td><td>57</td><td>543</td></tr><tr><td>Mechanical pencils, pens, and lighters 6/</td><td>4,880</td><td>11,938</td><td>4,176</td><td>4,481</td><td>1,008</td><td>2,458</td></tr><tr><td>Total manufacturers' excise taxes</td><td>2,348,943</td><td>2,862,788</td><td>1,086,833</td><td>1,257,705</td><td>233,619</td><td>693,895</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 colspan="2">Fiscal year</th><th colspan="2">First 5 months of fiscal years</th><th colspan="2">Fifth month of fiscal year</th></tr><tr><th></th><th>1952</th><th>1953</th><th>1953</th><th>1954</th><th>1953 (November 1952)</th><th>1954 (November 1953)</th></tr><tr><td>Miscellaneous internal revenue - (Continued):</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retailers' excise taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Furs</td><td>51,436</td><td>49,891</td><td>13,563</td><td>10,355</td><td>4,216</td><td>5,744</td></tr><tr><td>Jewelry</td><td>220,339</td><td>234,614</td><td>80,928</td><td>85,087</td><td>14,897</td><td>39,167</td></tr><tr><td>Luggage</td><td>90,799</td><td>95,744</td><td>35,702</td><td>32,102</td><td>6,995</td><td>13,997</td></tr><tr><td>Toilet preparations</td><td>112,892</td><td>115,667</td><td>43,049</td><td>44,446</td><td>7,879</td><td>19,912</td></tr><tr><td>Total retailers' excise taxes</td><td>475,466</td><td>495,917</td><td>173,242</td><td>171,990</td><td>33,987</td><td>78,821</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>35,790</td><td>35,526</td><td>6,367</td><td>22,484</td></tr><tr><td>Telephone, telegraph, radio, and cable facilities</td><td>395,434</td><td>417,568</td><td>166,697</td><td>115,938</td><td>7,638</td><td>12,227</td></tr><tr><td>Local telephone service</td><td>310,337</td><td>357,981</td><td>139,451</td><td>97,087</td><td>16,640</td><td>8,390</td></tr><tr><td>Transportation of oil by pipe line</td><td>26,881</td><td>28,378</td><td>14,617</td><td>11,597</td><td>2,353</td><td>5,926</td></tr><tr><td>Transportation of persons, etc.</td><td>275,174</td><td>287,405</td><td>127,186</td><td>113,216</td><td>19,053</td><td>57,547</td></tr><tr><td>Transportation of property</td><td>388,589</td><td>419,518</td><td>170,276</td><td>174,611</td><td>34,310</td><td>81,855</td></tr><tr><td>Leases of safe-deposit boxes</td><td>10,211</td><td>10,814</td><td>4,568</td><td>3,513</td><td>132</td><td>845</td></tr><tr><td>Admissions to theaters, concerts, etc.</td><td>330,817</td><td>312,831</td><td>146,669</td><td>135,887</td><td>25,007</td><td>55,073</td></tr><tr><td>Admissions to cabalets, roof gardens, etc.</td><td>45,489</td><td>46,691</td><td>19,504</td><td>17,493</td><td>3,445</td><td>7,117</td></tr><tr><td>Club dues and initiation fees</td><td>33,592</td><td>36,829</td><td>14,299</td><td>13,082</td><td>2,547</td><td>4,107</td></tr><tr><td>Bowling alleys, pool tables, etc.</td><td>3,597</td><td>3,411</td><td>2,853</td><td>2,645</td><td>77</td><td>83</td></tr><tr><td>Coin operated devices</td><td>18,823</td><td>16,505</td><td>14,260</td><td>12,588</td><td>360</td><td>286</td></tr><tr><td>Adulterated and process or removated butter, and filled cheeses</td><td>4</td><td>6</td><td>2</td><td>2</td><td>*</td><td>*</td></tr><tr><td>Narcotics, including marihuana and special taxes</td><td>915</td><td>929</td><td>343</td><td>381</td><td>29</td><td>36</td></tr><tr><td>Coconut and other vegetable oils processed</td><td>15,205</td><td>17,957</td><td>7,462</td><td>7,104</td><td>914</td><td>2,059</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>Diecal oil [l]</td><td>7,138</td><td>15,091</td><td>6,265</td><td>7,857</td><td>1,056</td><td>3,208</td></tr><tr><td>Wagering taxes [l]</td><td>5,345</td><td>10,502</td><td>4,807</td><td>4,728</td><td>814</td><td>901</td></tr><tr><td>All other, including repealed taxes not shown separately</td><td>1,261</td><td>647</td><td>635</td><td>257</td><td>-80</td><td>-196</td></tr><tr><td>Total miscellaneous taxes</td><td>1,947,311</td><td>2,061,230</td><td>875,688</td><td>753,519</td><td>120,663</td><td>261,949</td></tr><tr><td>Total miscellaneous internal revenue</td><td>9,804,112</td><td>10,837,375</td><td>4,476,653</td><td>4,567,883</td><td>845,130</td><td>1,497,200</td></tr><tr><td>Total internal revenue collections</td><td>65,009,393</td><td>69,686,509</td><td>23,565,655</td><td>23,448,607</td><td>5,345,808</td><td>6,372,004</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>+625,502</td><td>+244,145</td><td>-1,370,601</td><td>-1,318,700</td><td>-833,043</td><td>-1,456,973</td></tr><tr><td>Total receipts from internal revenue (Daily Treasury Statement)</td><td>65,634,894</td><td>69,930,655</td><td>22,195,053</td><td>22,129,908</td><td>4,512,766</td><td>4,915,031</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.
1/ Excludes collections for credit to certain trust accounts for island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 386, approved June 10, 1952, for taxable years ending after that date).
2/ Includes excess profits taxes on Army and Navy contracts imposed by the Vinson Act as amended (34 U.S.C. 496), and income tax on business income of exempt organizations, imposed by the Revenue Act of 1951, approved October 20, 1951.
3/ Includes old-age insurance tax on self-employment income, imposed by
the Social Security Act Amendments of 1950 (Public Law 734), approved August 28, 1950. The tax is levied and collected as part of the individual income tax beginning with the taxable year 1951. For estimated fiscal year breakdown, see Table 1.
5/ Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Miscellaneous taxes".
6/ Effective November 1, 1951, under Revenue Act of 1951.
7/ Applies to diesel oil used in highway vehicles; effective November 1, 1951, under Revenue Act of 1951.
* Less than $500.
January 1954
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="8">Paper money</th></tr><tr><th></th><th></th><th>Total paper money</th><th>Gold certificates 2/</th><th>Silver certificate</th><th>Treasury notes of 1890 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>28,245</td><td>26,945</td><td>50</td><td>2,025</td><td>1</td><td>311</td><td>23,973</td><td>464</td><td>114</td></tr><tr><td>1947</td><td>28,297</td><td>26,942</td><td>48</td><td>2,061</td><td>1</td><td>320</td><td>23,999</td><td>406</td><td>106</td></tr><tr><td>1948</td><td>27,903</td><td>26,482</td><td>45</td><td>2,061</td><td>1</td><td>321</td><td>23,600</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>91</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>2,069</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</td><td>30,398</td><td>28,596</td><td>36</td><td>2,098</td><td>1</td><td>316</td><td>25,879</td><td>193</td><td>72</td></tr><tr><td>November p.</td><td>30,798</td><td>28,983</td><td>36</td><td>2,119</td><td>1</td><td>321</td><td>26,242</td><td>192</td><td>72</td></tr></table>
<table><tr><th>End of fiscal year or month</th><th colspan="4">Coin</th><th>Money in circulation per capita (in dollars) 2/</th></tr><tr><th></th><th>Total coin</th><th>Standard silver dollars</th><th>Subsidiary silver</th><th>Minor coin</th><th></th></tr><tr><td>1946</td><td>1,300</td><td>140</td><td>843</td><td>317</td><td>129.76</td></tr><tr><td>1947</td><td>1,355</td><td>148</td><td>876</td><td>331</td><td>126.33</td></tr><tr><td>1948</td><td>1,421</td><td>156</td><td>919</td><td>346</td><td>120.31</td></tr><tr><td>1949</td><td>1,459</td><td>164</td><td>940</td><td>355</td><td>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>1,578</td><td>180</td><td>1,020</td><td>378</td><td>180.17</td></tr><tr><td>1952</td><td>1,678</td><td>191</td><td>1,093</td><td>393</td><td>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>188.65r</td></tr><tr><td>October</td><td>1,802</td><td>207</td><td>1,174</td><td>420</td><td>189.12</td></tr><tr><td>November p.</td><td>1,815</td><td>208</td><td>1,184</td><td>423</td><td>191.34</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 limite of the United States. Includes paper currency held outside the continental limite of the United States.
2/ Gold certificates were withdrawn from circulation in 1933.
3/ Treasury notes of 1890 in circulation are being canceled and 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>3,610.3</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>3,728.5</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>3,824.7</td><td>14.7</td></tr><tr><td>October</td><td>22,076.7</td><td>3,828.5</td><td>14.8</td></tr><tr><td>November p</td><td>22,027.3</td><td>3,833.5</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 certificates 1/</th><th>Gold reserve against U. S. notes, etc. 2/</th><th>Exchange Stabilization Fund 3/</th><th>Gold in general fund</th></tr><tr><td>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>21,517.0</td><td>156.0</td><td>-</td><td>989.1</td></tr><tr><td>March.</td><td>22,562.7</td><td>21,404.0</td><td>156.0</td><td>-</td><td>1,002.6</td></tr><tr><td>April.</td><td>22,561.8</td><td>21,419.9</td><td>156.0</td><td>-</td><td>985.9</td></tr><tr><td>May.</td><td>22,536.8</td><td>21,392.7</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>1,002.7</td></tr><tr><td>October.</td><td>22,076.7</td><td>20,933.1</td><td>156.0</td><td>-</td><td>987.5</td></tr><tr><td>November p.</td><td>22,027.3</td><td>21,384.5</td><td>156.0</td><td>-</td><td>486.8</td></tr></table>
Sources: Circulation Statement of U. S. Money; Daily Treasury Statement for preliminary figures. 1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; and (2) gold certificate credits in (a) the gold certificate fund -
Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes. 2/ Reserve against United States notes and Treasury notes of 1890. 3/ Excludes gold in active portion of Exchange Stabilization Fund. p Preliminary.
January 1954
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="2">Securing silver certificates 1/</th><th colspan="3">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>971.5</td><td>3,596.7</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>3,643.1</td></tr><tr><td>1950</td><td>2,040.7</td><td>312.8</td><td>3.6</td><td>-</td><td>95.1</td><td>179.8</td><td>1,022.2</td><td>3,697.1</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>3,801.0</td></tr><tr><td>March</td><td>2,118.3</td><td>288.7</td><td>12.6</td><td>-</td><td>39.1</td><td>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</td><td>2,135.3</td><td>281.0</td><td>9.2</td><td>-</td><td>31.5</td><td>210.5</td><td>1,201.5</td><td>3,828.5</td></tr><tr><td>November p</td><td>2,137.9</td><td>279.1</td><td>6.0</td><td>-</td><td>31.5</td><td>212.4</td><td>1,207.3</td><td>3,833.5</td></tr></table>
Source: Circulation Statement of U. S. Money; Daily Treasury Statement for certain preliminary figures. Valued at $1.25 per fine owtco. Include silver held by certain agencies of the Federal Government (for amount, see Daily Treasury Statement for last day of month). Does not include silver lend-leased to foreign governments (these transactions all took place during the fiscal year 1942 through 1946;
3/ see 1946 Annual Report of the Secretary of the Treasury for amounts).
4/ Valued at $1.30+ per fine ounce.
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion is held for recoinage of subsidiary silver coins or for recoinage of standard silver dollars.
p Preliminary.
* Less than $50 thousand.
42
Treasury Bulletin
MONETARY STATISTICS
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>Newly mined silver (Proc. Dec. 21, 1933)</th><th>Newly mined silver (Acts July 6, 1939, and July 31, 1946)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th>Potential seigniorage on silver bullion at cost in general fund 2/</th></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.7</td><td>759.4</td><td>1,055.8</td></tr><tr><td>1941</td><td>182.1</td><td>48.7</td><td>87.6</td><td>48.3</td><td>580.4</td><td>34.7</td><td>799.7</td><td>1,089.0</td></tr><tr><td>1942</td><td>245.7</td><td>48.7</td><td>87.6</td><td>63.6</td><td>584.3</td><td>34.7</td><td>818.9</td><td>1,048.2</td></tr><tr><td>1943</td><td>299.6</td><td>48.7</td><td>87.6</td><td>65.3</td><td>584.3</td><td>34.7</td><td>820.6</td><td>967.3</td></tr><tr><td>1944</td><td>362.3</td><td>48.7</td><td>87.6</td><td>65.4</td><td>584.3</td><td>34.7</td><td>820.7</td><td>717.3</td></tr><tr><td>1945</td><td>429.5</td><td>48.7</td><td>87.6</td><td>65.5</td><td>701.6</td><td>34.7</td><td>938.1</td><td>333.2</td></tr><tr><td>1946</td><td>491.9</td><td>48.7</td><td>87.6</td><td>66.5</td><td>832.1</td><td>34.7</td><td>1,069.6</td><td>161.2</td></tr><tr><td>1947</td><td>520.5</td><td>48.7</td><td>87.6</td><td>74.5</td><td>832.1</td><td>34.7</td><td>1,077.6</td><td>146.8</td></tr><tr><td>1948</td><td>559.2</td><td>48.7</td><td>87.6</td><td>84.6</td><td>832.2</td><td>34.7</td><td>1,087.8</td><td>129.9</td></tr><tr><td>1949</td><td>578.7</td><td>48.7</td><td>87.6</td><td>93.5</td><td>833.6</td><td>34.7</td><td>1,098.1</td><td>127.2</td></tr><tr><td>1950</td><td>596.6</td><td>48.7</td><td>87.6</td><td>104.7</td><td>833.6</td><td>34.7</td><td>1,109.3</td><td>111.7</td></tr><tr><td>1951</td><td>642.3</td><td>48.7</td><td>87.6</td><td>114.6</td><td>833.6</td><td>34.7</td><td>1,119.2</td><td>81.9</td></tr><tr><td>1952</td><td>694.2</td><td>48.7</td><td>87.6</td><td>125.4</td><td>833.6</td><td>34.7</td><td>1,130.0</td><td>57.2</td></tr><tr><td>1953-January</td><td>696.5</td><td>48.7</td><td>87.6</td><td>126.7</td><td>833.6</td><td>34.7</td><td>1,131.3</td><td>56.5</td></tr><tr><td>February</td><td>697.7</td><td>48.7</td><td>87.6</td><td>127.4</td><td>833.6</td><td>34.7</td><td>1,132.0</td><td>57.6</td></tr><tr><td>March</td><td>700.6</td><td>48.7</td><td>87.6</td><td>128.0</td><td>833.6</td><td>34.7</td><td>1,132.6</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><tr><td>November</td><td>736.5</td><td>48.7</td><td>87.6</td><td>133.9</td><td>833.6</td><td>34.7</td><td>1,138.5</td><td>37.8</td></tr></table>
Source: Office of the Treasurer of the United States. 1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes.
January 1954
43
CAPITAL MOVEMENTS
Data relating to claims on foreigners and liabilities to foreigners, and capital movements between the United States and foreign countries, have been collected since 1935, pursuant to Executive Order 6560 of January 15, 1934, and Treasury regulations thereunder. Information covering the principal types of data and the principal countries is reported each month by banks and bankers and securities brokers and dealers in the United States. This information is published regularly in the "Treasury Bulletin". Supplementary information is published at less frequent intervals. All reports are made initially to the Federal Reserve Banks, which forward consolidated figures to the Treasury.
The term "foreigners" as used in these reports covers all institutions and individuals (including United States citizens) domiciled outside the United States, as well as international organizations, wherever domiciled, created by treaty or convention between sovereign states. "Short-term" refers to original maturities of one year or less, and "long-term" refers to all other maturities. A detailed discussion of the reporting coverage, basis of reporting, and derivation of capital movements figures appeared in the April 1950 issue of the "Treasury Bulletin", pages 50-52. Revised report forms and regulations became effective with
the data for January 1950. Attention is called to the fact that although the grand total figures on the revised reporting basis are reasonably comparable with those for preceding months, data for individual countries in some instances are not comparable because of certain changes in coverage and geographical classification.
The supplementary information, contained in Section IV, is presented in three tables appearing at different times. Table 1 gives data by countries on short-term claims on and liabilities to foreigners as reported quarterly by exporters, importers, and industrial and commercial concerns in the United States. This information was published for the first time in the October 1949 issue of the "Treasury Bulletin" and begins with data for September 30, 1946. Table 2 supplies information by countries on long-term claims on and liabilities to foreigners as reported by banks and bankers in the United States. This table appeared for the first time in the December 1949 issue. Data are for the end of the calendar year beginning with 1942. Table 3 gives information on short-term liabilities to countries not regularly reported separately by banks and bankers. This table appeared for the first time in the April 1950 issue. The data have been requested at irregular intervals, the earliest date being October 1943.
Section I - Summary by Period
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>1935-41</td><td>5,354,071</td><td>3,770,922</td><td>100,870</td><td>626,731</td><td>855,548</td></tr><tr><td>1942</td><td>626,121</td><td>583,373</td><td>3,513</td><td>46,599</td><td>-7,364</td></tr><tr><td>1943</td><td>1,286,893</td><td>1,168,058</td><td>13,372</td><td>27,767</td><td>77,696</td></tr><tr><td>1944</td><td>461,354</td><td>148,594</td><td>8,529</td><td>230,735</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>-334,203</td><td>265,127</td></tr><tr><td>1947</td><td>334,163</td><td>395,524</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</td><td>7,992</td><td>944,430</td><td>-145,387</td></tr><tr><td>1951</td><td>-380,471</td><td>586,948</td><td>-6,141</td><td>-584,289</td><td>-376,989</td></tr><tr><td>1952</td><td>1,258,841</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>-98,831</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>266,804</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>67,791</td></tr><tr><td>June</td><td>70,798</td><td>-982</td><td>-578</td><td>20,044</td><td>52,314</td></tr><tr><td>July</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</td><td>200,120</td><td>198,213</td><td>-3,463</td><td>3,185</td><td>2,185</td></tr><tr><td>September p.</td><td>191,771r</td><td>223,764r</td><td>243r</td><td>-46,241</td><td>14,005</td></tr><tr><td>October p.</td><td>89,581</td><td>123,067</td><td>-3,954</td><td>2,113</td><td>-31,645</td></tr></table>
1/ See Table 2, footnote 1.
p Preliminary. r Revised.
44
Treasury Bulletin
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Portion 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="4">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>Payable in dollars</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><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>668,168</td><td>13,893</td><td>3,958,716</td></tr><tr><td>1943</td><td>257,929</td><td>34,387</td><td>86,378</td><td>137,164</td><td>5,374,903</td><td>4,134,412</td><td>1,222,580</td><td>17,911</td><td>5,116,974</td></tr><tr><td>1944</td><td>329,694</td><td>54,603</td><td>105,421</td><td>169,670</td><td>5,596,775</td><td>4,356,501</td><td>1,218,633</td><td>21,641</td><td>5,267,081</td></tr><tr><td>1945</td><td>392,766</td><td>47,489</td><td>100,267</td><td>245,010</td><td>6,883,068</td><td>4,946,624</td><td>1,910,998</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>1,745,722</td><td>40,629</td><td>5,772,009</td></tr><tr><td>1947</td><td>948,936</td><td>165,439</td><td>292,866</td><td>490,631</td><td>7,116,419</td><td>4,809,245</td><td>2,257,510</td><td>49,664</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>7,717,960</td><td>5,209,820</td><td>2,437,751</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>7,617,959</td><td>5,073,586</td><td>2,493,334</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</td><td>5,503,872</td><td>3,095,992</td><td>44,911</td><td>7,746,809</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>3,847,912</td><td>72,226</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>4,652,786</td><td>61,371</td><td>9,497,330</td></tr><tr><td>1953-January</td><td>1,036,006</td><td>82,672</td><td>115,639</td><td>837,695</td><td>10,501,005</td><td>5,731,107</td><td>4,717,278</td><td>52,620</td><td>9,464,999</td></tr><tr><td>February</td><td>1,034,110</td><td>69,208</td><td>134,711</td><td>830,191</td><td>10,400,278</td><td>5,637,958</td><td>4,709,586</td><td>52,734</td><td>9,366,168</td></tr><tr><td>March</td><td>1,040,605</td><td>77,372</td><td>148,153</td><td>815,080</td><td>10,603,804</td><td>5,750,151</td><td>4,809,879</td><td>43,774</td><td>9,563,199</td></tr><tr><td>April</td><td>1,029,915</td><td>70,494</td><td>134,012</td><td>825,409</td><td>10,879,918</td><td>5,807,766</td><td>5,027,432</td><td>44,720</td><td>9,850,003</td></tr><tr><td>May</td><td>976,818</td><td>76,510</td><td>110,717</td><td>789,591</td><td>10,937,752</td><td>5,841,139</td><td>5,045,476</td><td>51,137</td><td>9,960,934</td></tr><tr><td>June</td><td>947,662</td><td>77,861</td><td>109,758</td><td>760,043</td><td>10,907,614</td><td>5,854,580</td><td>5,000,195</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>5,888,869</td><td>5,057,581</td><td>47,005</td><td>10,072,950</td></tr><tr><td>August</td><td>917,898</td><td>67,703</td><td>97,899</td><td>752,296</td><td>11,189,061</td><td>5,831,688</td><td>5,312,584</td><td>44,789</td><td>10,271,163</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>5,431,542</td><td>42,901</td><td>10,494,927</td></tr><tr><td>October p.</td><td>905,930</td><td>85,987</td><td>116,381</td><td>703,562</td><td>11,523,924</td><td>5,967,142</td><td>5,514,556</td><td>42,226</td><td>10,617,994</td></tr></table>
1/ Beginning 1950, includes certain deposit balances and other assets which are held in specific trust accounts but which previously had been excluded from reported liabilities.
p Preliminary.
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th rowspan="2">Calendar year or month</th><th colspan="4">Short-term claims</th><th colspan="3">Short-term liabilities</th><th rowspan="2">Net movement of short-term banking funds</th></tr><tr><th>Total</th><th>Payable in foreign currencies</th><th>Loans to foreign banks</th><th>Other</th><th>Total</th><th>Deposite 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>3,770,922</td></tr><tr><td>1942</td><td>97,503</td><td>15,933</td><td>20,671</td><td>60,899</td><td>485,870</td><td>105,607</td><td>385,355</td><td>-5,102</td><td>583,373</td></tr><tr><td>1943</td><td>-11,256</td><td>-3,471</td><td>-14,330</td><td>6,545</td><td>1,179,314</td><td>620,884</td><td>554,412</td><td>4,018</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>220,359</td><td>220,576</td><td>-3,947</td><td>3,730</td><td>148,594</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>-268,854</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>115,384</td><td>511,788</td><td>9,035</td><td>395,524</td></tr><tr><td>1948</td><td>-69,764</td><td>65,068</td><td>-68,331</td><td>-66,501</td><td>601,541</td><td>400,575</td><td>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>-136,234</td><td>55,583</td><td>-19,350</td><td>90,845</td></tr><tr><td>1950</td><td>-76,233</td><td>-129,779</td><td>65,483</td><td>-11,937</td><td>1,026,816 1/</td><td>430,286 1/</td><td>602,658 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>54,380</td><td>-148,103</td><td>1,243,852</td><td>449,833</td><td>804,874</td><td>-10,855</td><td>1,163,573</td></tr><tr><td>1953-January</td><td>12,716</td><td>-4,308</td><td>7,227</td><td>9,797</td><td>-45,047</td><td>-100,788</td><td>64,492</td><td>-8,751</td><td>-32,331</td></tr><tr><td>February</td><td>1,896</td><td>13,464</td><td>-13,072</td><td>7,504</td><td>-100,727</td><td>-93,149</td><td>-7,692</td><td>114</td><td>-98,831</td></tr><tr><td>March</td><td>-6,495</td><td>-8,164</td><td>-13,442</td><td>15,111</td><td>203,526</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>23,295</td><td>35,818</td><td>57,834</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>-932</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>57,386</td><td>-5,834</td><td>112,998</td></tr><tr><td>August</td><td>2,607</td><td>3,988</td><td>320</td><td>-1,701</td><td>195,606</td><td>-57,181</td><td>255,003</td><td>-2,216</td><td>198,213</td></tr><tr><td>September p</td><td>17,342r</td><td>-10,236r</td><td>-6,386r</td><td>33,964r</td><td>206,422r</td><td>89,352r</td><td>118,958r</td><td>-1,888</td><td>223,764r</td></tr><tr><td>October p</td><td>-5,374</td><td>-8,048</td><td>-12,096</td><td>14,770</td><td>128,441</td><td>46,102</td><td>83,014</td><td>-675</td><td>123,067</td></tr></table>
1/ See Table 2, footnote 1.
Preliminary. Revised.
January 1954
45
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>136,853</td><td>171,432</td><td>-34,579</td><td>513,558</td><td>268,244</td><td>245,314</td><td>650,411</td><td>439,676</td><td>210,735</td></tr><tr><td>1945</td><td>260,223</td><td>357,655</td><td>-97,432</td><td>377,717</td><td>393,390</td><td>-15,673</td><td>637,940</td><td>751,045</td><td>-113,105</td></tr><tr><td>1946</td><td>367,649</td><td>432,109</td><td>-64,460</td><td>414,470</td><td>684,213</td><td>-269,743</td><td>782,119</td><td>1,116,322</td><td>-334,203</td></tr><tr><td>1947</td><td>226,089</td><td>376,674</td><td>-150,585</td><td>344,805</td><td>283,275</td><td>61,530</td><td>570,894</td><td>659,949</td><td>-89,055</td></tr><tr><td>1948</td><td>369,736</td><td>514,059</td><td>-144,323</td><td>282,415</td><td>330,307</td><td>-47,892</td><td>652,151</td><td>844,366</td><td>-192,215</td></tr><tr><td>1949</td><td>354,085</td><td>375,303</td><td>-21,218</td><td>430,013</td><td>333,592</td><td>96,421</td><td>784,098</td><td>708,895</td><td>75,203</td></tr><tr><td>1950</td><td>666,941</td><td>664,016</td><td>2,925</td><td>1,344,111</td><td>402,606</td><td>941,505</td><td>2,011,052</td><td>1,066,622</td><td>944,430</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>52,487</td><td>18,078</td><td>53,848</td><td>38,027</td><td>15,821</td><td>124,413</td><td>90,514</td><td>33,899</td></tr><tr><td>February</td><td>57,919</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>1,447</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>52,326</td><td>36,376</td><td>15,950</td><td>93,838</td><td>73,794</td><td>20,044</td></tr><tr><td>July</td><td>36,578</td><td>32,328</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</td><td>41,582</td><td>37,722</td><td>3,860</td><td>38,183</td><td>38,818</td><td>-635</td><td>79,725</td><td>76,540</td><td>3,185</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><tr><td>October p....</td><td>38,800</td><td>33,572</td><td>5,228</td><td>43,836</td><td>46,951</td><td>-3,115</td><td>82,636</td><td>80,523</td><td>2,113</td></tr></table>
1/ January 4, 1940, through December 31, 1941; the breakdown between stocks and bonds is not available for earlier years.
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>227,897</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>42,558</td><td>14,560</td><td>658,741</td><td>634,289</td><td>24,452</td><td>715,859</td><td>676,847</td><td>39,012</td></tr><tr><td>1948</td><td>81,715</td><td>96,744</td><td>-15,029</td><td>211,621</td><td>291,424</td><td>-79,803</td><td>293,336</td><td>388,168</td><td>-94,832</td></tr><tr><td>1949</td><td>88,815</td><td>70,788</td><td>18,027</td><td>321,243</td><td>311,470</td><td>9,773</td><td>410,058</td><td>382,258</td><td>27,800</td></tr><tr><td>1950</td><td>173,788</td><td>198,168</td><td>-24,380</td><td>589,232</td><td>710,239</td><td>-121,007</td><td>763,020</td><td>908,407</td><td>-145,387</td></tr><tr><td>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>292,870</td><td>329,622</td><td>-35,752</td><td>495,258</td><td>677,382</td><td>-182,124</td><td>789,128</td><td>1,007,004</td><td>-217,876</td></tr><tr><td>1953-January</td><td>25,372</td><td>26,100</td><td>-728</td><td>33,041</td><td>51,490</td><td>-18,449</td><td>58,413</td><td>77,590</td><td>-19,177</td></tr><tr><td>February</td><td>24,737</td><td>24,298</td><td>439</td><td>29,394</td><td>67,805</td><td>-38,411</td><td>54,131</td><td>92,103</td><td>-37,972</td></tr><tr><td>March</td><td>27,548</td><td>37,634</td><td>-10,086</td><td>29,651</td><td>42,992</td><td>-13,341</td><td>57,199</td><td>80,626</td><td>-23,427</td></tr><tr><td>April</td><td>21,848</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>16,856</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</td><td>18,582</td><td>18,467</td><td>115</td><td>20,005</td><td>17,935</td><td>2,070</td><td>38,587</td><td>36,402</td><td>2,185</td></tr><tr><td>September p.</td><td>23,942</td><td>16,272</td><td>7,670</td><td>23,187</td><td>16,852</td><td>6,335</td><td>47,129</td><td>33,124</td><td>14,005</td></tr><tr><td>October p.</td><td>23,062</td><td>18,393</td><td>4,669</td><td>74,820</td><td>111,134</td><td>-36,314</td><td>97,882</td><td>129,527</td><td>-31,645</td></tr></table>
n.s. Not available. p Preliminary.
46
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Country</th><th colspan="5">Net capital movement</th><th colspan="5">Short-term banking funds</th></tr><tr><th></th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October p</th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>3,640</td><td>11,032</td><td>14,374</td><td>16,793</td><td>13,008</td><td>3,627</td><td>11,057</td><td>14,354</td><td>16,801</td><td>9,003</td></tr><tr><td>Belgium</td><td>1,455</td><td>4,859</td><td>5,681</td><td>5,202r</td><td>-27,615</td><td>118</td><td>3,893</td><td>8,848</td><td>5,762r</td><td>-28,125</td></tr><tr><td>Czechoslovakia</td><td>5</td><td>77</td><td>-137</td><td>783</td><td>-822</td><td>6</td><td>77</td><td>-146</td><td>785</td><td>-823</td></tr><tr><td>Denmark</td><td>2,458</td><td>2,202</td><td>4,532</td><td>3,931r</td><td>5,557</td><td>1,909</td><td>536</td><td>3,357</td><td>3,743r</td><td>4,934</td></tr><tr><td>Finland</td><td>3,704</td><td>1,735</td><td>-2,783</td><td>-904r</td><td>2,327</td><td>3,703</td><td>1,728</td><td>-2,788</td><td>-960r</td><td>2,313</td></tr><tr><td>France</td><td>50,886</td><td>-18,748</td><td>29,968</td><td>16,407r</td><td>48,867</td><td>48,457</td><td>29,517</td><td>29,432</td><td>13,701r</td><td>49,250</td></tr><tr><td>Germany</td><td>36,996</td><td>60,525</td><td>30,726</td><td>17,190</td><td>31,559</td><td>37,243</td><td>60,512</td><td>30,497</td><td>17,094</td><td>31,440</td></tr><tr><td>Greece</td><td>4,139</td><td>-1,103</td><td>3,754</td><td>4,418</td><td>7,169</td><td>4,162</td><td>-1,171</td><td>3,735</td><td>4,405</td><td>7,154</td></tr><tr><td>Italy</td><td>-49</td><td>26,011</td><td>18,213</td><td>10,696</td><td>29,289</td><td>-82</td><td>25,030</td><td>17,864</td><td>11,781</td><td>27,346</td></tr><tr><td>Netherlands</td><td>22,078</td><td>-45,572</td><td>11,775</td><td>-14,682</td><td>11,140</td><td>24,052</td><td>-41,171</td><td>15,057</td><td>-13,855</td><td>8,640</td></tr><tr><td>Norway</td><td>-9,995</td><td>491</td><td>1,994</td><td>3,626r</td><td>2,231</td><td>-9,980</td><td>-451</td><td>2,038</td><td>3,072</td><td>2,159</td></tr><tr><td>Poland</td><td>-276</td><td>465</td><td>489</td><td>481r</td><td>-1,217</td><td>-279</td><td>461</td><td>489</td><td>480</td><td>-1,216</td></tr><tr><td>Portugal</td><td>-483</td><td>5,767</td><td>6,576</td><td>-2,939</td><td>3,501</td><td>-557</td><td>5,737</td><td>7,413</td><td>-3,606</td><td>3,376</td></tr><tr><td>Rumania</td><td>28</td><td>5</td><td>4</td><td>-3</td><td>-50</td><td>28</td><td>13</td><td>-6</td><td>-3</td><td>-66</td></tr><tr><td>Spain</td><td>-3,613</td><td>-6,901</td><td>-3,683</td><td>-2,497r</td><td>10,774</td><td>-3,594</td><td>-6,838</td><td>-3,730</td><td>-2,506</td><td>10,746</td></tr><tr><td>Sweden</td><td>-1,125</td><td>1,034</td><td>6,896</td><td>9,194r</td><td>-6,684</td><td>-1,338</td><td>1,157</td><td>7,140</td><td>8,798</td><td>-6,971</td></tr><tr><td>Switzerland</td><td>27,568</td><td>18,943</td><td>9,034</td><td>18,297r</td><td>13,217</td><td>23,538</td><td>11,061</td><td>4,368</td><td>3,671r</td><td>-4,315</td></tr><tr><td>U. S. S. R.</td><td>875</td><td>4,310</td><td>1,515</td><td>224r</td><td>-6,243</td><td>875</td><td>4,310</td><td>1,515</td><td>224</td><td>-6,243</td></tr><tr><td>United Kingdom</td><td>36,991</td><td>-16,373</td><td>11,718</td><td>5,434r</td><td>22,409</td><td>9,716</td><td>-23,322</td><td>4,240</td><td>3,585</td><td>9,836</td></tr><tr><td>Yugoslavia</td><td>-3,096</td><td>2,003</td><td>2,224</td><td>-4,229</td><td>512</td><td>-3,094</td><td>1,996</td><td>2,222</td><td>4,232</td><td>512</td></tr><tr><td>Other Europe</td><td>1,167</td><td>5,055</td><td>-649</td><td>746</td><td>808</td><td>1,963</td><td>4,936</td><td>-1,963</td><td>109</td><td>450</td></tr><tr><td>Total Europe</td><td>173,253</td><td>55,817</td><td>152,221</td><td>88,168r</td><td>159,737</td><td>140,423</td><td>89,068</td><td>143,936</td><td>68,849r</td><td>119,400</td></tr><tr><td>Canada</td><td>-77,210</td><td>8,599</td><td>6,294</td><td>-9,666r</td><td>-34,921</td><td>-112,829</td><td>31,299</td><td>13,079</td><td>32,795r</td><td>-13,384</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>3,676</td><td>-2,983</td><td>-5,136</td><td>1,176</td><td>-2,777</td><td>3,685</td><td>-3,265</td><td>-5,033</td><td>862</td><td>-3,019</td></tr><tr><td>Bolivia</td><td>-1,016</td><td>-2,224</td><td>-1,490</td><td>-94r</td><td>966</td><td>-1,103</td><td>-2,249</td><td>-1,491</td><td>-51r</td><td>932</td></tr><tr><td>Brazil</td><td>58,183</td><td>-41,363</td><td>46,849</td><td>77,740r</td><td>16,776</td><td>56,192</td><td>-42,199</td><td>46,495</td><td>76,897r</td><td>15,752</td></tr><tr><td>Chile</td><td>-3,475</td><td>984</td><td>-4,626</td><td>8,370</td><td>-4,258</td><td>-3,514</td><td>899</td><td>-4,814</td><td>7,971</td><td>-4,725</td></tr><tr><td>Colombia</td><td>-7,990</td><td>12,136</td><td>-4,658</td><td>-12,728</td><td>1,362</td><td>-8,280</td><td>12,058</td><td>-5,022</td><td>-12,833</td><td>1,012</td></tr><tr><td>Cuba</td><td>11,154</td><td>5,753</td><td>18,711</td><td>-8,631</td><td>-13,854</td><td>10,594</td><td>5,230</td><td>17,001</td><td>-8,790</td><td>-25,803</td></tr><tr><td>Dominican Republic</td><td>-721</td><td>3,607</td><td>-1,194</td><td>-3,657</td><td>-3,161</td><td>-700</td><td>3,723</td><td>-1,300</td><td>-3,688</td><td>-3,101</td></tr><tr><td>Guatemala</td><td>-1,998</td><td>-2,022</td><td>-2,646</td><td>-6,418</td><td>-4,258</td><td>-2,053</td><td>-2,085</td><td>-2,622</td><td>-4,456</td><td>-4,356</td></tr><tr><td>Mexico</td><td>-19,189</td><td>3,752</td><td>-10,640</td><td>20,300</td><td>5,970</td><td>-19,437</td><td>3,121</td><td>-10,784</td><td>19,516</td><td>3,789</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>3,119</td><td>579</td><td>-326</td><td>-966</td><td>4,317</td><td>2,899</td><td>467</td><td>-358</td><td>-1,064</td><td>4,174</td></tr><tr><td>Peru</td><td>337</td><td>-1,384</td><td>-243</td><td>4,480</td><td>8,007</td><td>291</td><td>-1,527</td><td>-555</td><td>4,531</td><td>7,983</td></tr><tr><td>Republic of Panama</td><td>2,366</td><td>7,042</td><td>4,330</td><td>-8,787</td><td>-18,103</td><td>1,361</td><td>6,454</td><td>4,568</td><td>-9,101</td><td>-19,183</td></tr><tr><td>El Salvador</td><td>-4,726</td><td>-1,856</td><td>-3,287</td><td>-6,621</td><td>-5,162</td><td>-1,775</td><td>-1,853</td><td>-3,312</td><td>-6,629</td><td>-6,141</td></tr><tr><td>Uruguay</td><td>555</td><td>3,095</td><td>-946</td><td>832</td><td>3,267</td><td>-703</td><td>3,014</td><td>-1,578</td><td>-760</td><td>4,086</td></tr><tr><td>Venezuela</td><td>-29,012</td><td>9,379</td><td>-459</td><td>32,176r</td><td>-27,228</td><td>-29,637</td><td>9,284</td><td>-1,126</td><td>31,718</td><td>-27,585</td></tr><tr><td>Other Latin America</td><td>1,435</td><td>-2,369</td><td>-3,061</td><td>-4,900r</td><td>-4,853</td><td>1,346</td><td>-2,723</td><td>-3,199</td><td>-5,393r</td><td>-9,245</td></tr><tr><td>Total Latin America</td><td>12,698</td><td>-7,874</td><td>31,176</td><td>83,312r</td><td>-42,989</td><td>6,166</td><td>-11,651</td><td>26,870</td><td>79,663r</td><td>-65,430</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>215</td><td>-437</td><td>-454</td><td>-169</td><td>92</td><td>246</td><td>-538</td><td>-475</td><td>-205</td><td>161</td></tr><tr><td>Formosa</td><td>-798</td><td>659</td><td>2,499</td><td>2,784r</td><td>1,140</td><td>-837</td><td>718</td><td>2,456</td><td>2,280r</td><td>1,063</td></tr><tr><td>Hong Kong</td><td>-274</td><td>1,563</td><td>-137</td><td>-93</td><td>-64</td><td>-388</td><td>1,063</td><td>-282</td><td>294</td><td>-574</td></tr><tr><td>India</td><td>-4,590</td><td>2,090</td><td>4,143</td><td>-1,004</td><td>2,105</td><td>-4,576</td><td>2,094</td><td>4,141</td><td>-1,014</td><td>2,093</td></tr><tr><td>Indonesia</td><td>-20,891</td><td>1,093</td><td>-6,398</td><td>2,013</td><td>178</td><td>-20,865</td><td>1,076</td><td>-6,409</td><td>2,019</td><td>177</td></tr><tr><td>Iran</td><td>475</td><td>2,036</td><td>1,945</td><td>8,972</td><td>15,322</td><td>477</td><td>2,031</td><td>1,946</td><td>8,964</td><td>15,318</td></tr><tr><td>Israel</td><td>-1,595</td><td>-4,138</td><td>2,913</td><td>-7,261r</td><td>-5,815</td><td>1,117</td><td>-658</td><td>4,369</td><td>-5,683r</td><td>-2,700</td></tr><tr><td>Japan</td><td>6,674</td><td>16,559</td><td>11,173</td><td>10,033</td><td>-15,277</td><td>6,559</td><td>16,306</td><td>10,947</td><td>9,406</td><td>-17,464</td></tr><tr><td>Philippines</td><td>-16,851</td><td>-3,551</td><td>7,534</td><td>-236</td><td>-1,674</td><td>-16,887</td><td>-3,392</td><td>7,550</td><td>-274</td><td>-1,621</td></tr><tr><td>Thailand</td><td>4,346</td><td>-4,776</td><td>-3,721</td><td>2,485</td><td>-4,757</td><td>4,414</td><td>-4,742</td><td>-4,426</td><td>2,483</td><td>-4,567</td></tr><tr><td>Turkey</td><td>-90</td><td>894</td><td>6,252</td><td>9,341</td><td>-4,277</td><td>-116</td><td>877</td><td>6,290</td><td>9,329</td><td>-4,259</td></tr><tr><td>Other Asia</td><td>-2,165</td><td>6,575</td><td>-7,352</td><td>4,533</td><td>6,076</td><td>-2,180</td><td>6,558</td><td>-7,475</td><td>4,031</td><td>6,387</td></tr><tr><td>Total Asia</td><td>-35,544</td><td>18,567</td><td>18,397</td><td>31,398r</td><td>-6,951</td><td>-33,136</td><td>21,393</td><td>18,632</td><td>31,633r</td><td>-5,986</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>1,159</td><td>6,360</td><td>449</td><td>124</td><td>11,047</td><td>799</td><td>-11,791</td><td>-754</td><td>-498</td><td>8,314</td></tr><tr><td>Belgian Congo</td><td>-4,131</td><td>-7,374</td><td>-5,730</td><td>4,548</td><td>-6,287</td><td>-4,150</td><td>-7,361</td><td>-5,738</td><td>4,547</td><td>-6,283</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>1,564</td><td>-11,847</td><td>1,445</td><td>-627</td><td>678</td><td>1,503</td><td>-11,968</td><td>1,451</td><td>-559</td><td>661</td></tr><tr><td>Union of South Africa</td><td>-508</td><td>-79</td><td>1,870</td><td>39</td><td>7,098</td><td>4,036</td><td>-73</td><td>2,231</td><td>-94</td><td>5,343</td></tr><tr><td>Other</td><td>3,565</td><td>2,019</td><td>-7,054</td><td>6,721</td><td>-9,144</td><td>3,619</td><td>1,678</td><td>-7,054</td><td>5,606</td><td>-12,166</td></tr><tr><td>Total other countries</td><td>1,649</td><td>-10,921</td><td>-9,020</td><td>10,805</td><td>3,392</td><td>5,807</td><td>-29,515</td><td>-9,864</td><td>9,002</td><td>-4,131</td></tr><tr><td>International</td><td>-4,048</td><td>10,667</td><td>1,052</td><td>-12,246</td><td>11,313</td><td>-7,413</td><td>12,404</td><td>5,560</td><td>1,817</td><td>92,598</td></tr><tr><td>Grand total</td><td>70,798</td><td>74,855</td><td>200,120</td><td>191,771r</td><td>89,581</td><td>-982</td><td>112,998</td><td>198,213</td><td>223,764r</td><td>123,067</td></tr></table>
p Preliminary. r Revised.
January 1954
47
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Net Movement in Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital from the United States or net sales by foreigners)
<table><tr><th>Country</th><th colspan="5">Movement in brokerage balances</th><th colspan="5">Transactions in long-term securities, domestic and foreign</th></tr><tr><th></th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October p</th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October 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>14</td><td>-16</td><td>25</td><td>-32</td><td>6</td><td>-1</td><td>-9</td><td>-5</td><td>24</td><td>3,999</td></tr><tr><td>Belgium</td><td>109</td><td>-84</td><td>-138</td><td>-205</td><td>-408</td><td>1,228</td><td>1,050</td><td>-3,029</td><td>-355</td><td>918</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>9</td><td>-2</td><td>1</td></tr><tr><td>Denmark</td><td>22</td><td>154</td><td>-173</td><td>-</td><td>-24</td><td>527</td><td>1,512</td><td>1,348</td><td>188</td><td>647</td></tr><tr><td>Finland</td><td>-</td><td>-</td><td>-7</td><td>7</td><td>-6</td><td>1</td><td>7</td><td>12</td><td>49</td><td>20</td></tr><tr><td>France</td><td>-506</td><td>773</td><td>-392</td><td>57</td><td>-631</td><td>2,935</td><td>-49,038</td><td>928</td><td>2,649</td><td>248</td></tr><tr><td>Germany</td><td>-251</td><td>15</td><td>282</td><td>56</td><td>36</td><td>4</td><td>-2</td><td>-53</td><td>40</td><td>83</td></tr><tr><td>Greece</td><td>-3</td><td>-</td><td>1</td><td>7</td><td>20</td><td>-20</td><td>68</td><td>18</td><td>6</td><td>-5</td></tr><tr><td>Italy</td><td>-287</td><td>-9</td><td>67</td><td>-117</td><td>33</td><td>320</td><td>990</td><td>282</td><td>-968</td><td>1,910</td></tr><tr><td>Netherlands</td><td>-401</td><td>243</td><td>-419</td><td>-358</td><td>21</td><td>-1,573</td><td>-4,644</td><td>-2,863</td><td>-469</td><td>2,479</td></tr><tr><td>Norway</td><td>-115</td><td>190</td><td>-38</td><td>-37r</td><td>163</td><td>100</td><td>752</td><td>-6</td><td>591</td><td>-91</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>1r</td><td>-1</td><td>3</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>51</td><td>-32</td><td>-97</td><td>87</td><td>-23</td><td>23</td><td>62</td><td>-740</td><td>580</td><td>148</td></tr><tr><td>Rumania</td><td>-</td><td>-10</td><td>10</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>16</td></tr><tr><td>Spain</td><td>-44</td><td>24</td><td>23</td><td>-15r</td><td>-13</td><td>25</td><td>-87</td><td>24</td><td>24</td><td>41</td></tr><tr><td>Sweden</td><td>36</td><td>-58</td><td>-11</td><td>18r</td><td>50</td><td>227</td><td>-65</td><td>-233</td><td>378</td><td>237</td></tr><tr><td>Switzerland</td><td>-3,473</td><td>3,346</td><td>-2,776</td><td>-176r</td><td>594</td><td>7,503</td><td>4,536</td><td>7,442</td><td>14,802</td><td>16,938</td></tr><tr><td>U. S. S. R.</td><td>-</td><td>-</td><td>-</td><td>-r</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>1</td><td>-1,990</td><td>901</td><td>-556r</td><td>2,512</td><td>27,174</td><td>8,939</td><td>6,577</td><td>2,405</td><td>10,061</td></tr><tr><td>Yugoslavia</td><td>-2</td><td>7</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Other Europe</td><td>-10</td><td>32</td><td>-189</td><td>428</td><td>-353</td><td>-786</td><td>87</td><td>1,503</td><td>209</td><td>711</td></tr><tr><td>Total Europe</td><td>-4,859</td><td>2,585</td><td>-2,931</td><td>-834</td><td>1,976</td><td>37,689</td><td>-35,836</td><td>11,216</td><td>20,153</td><td>38,361</td></tr><tr><td>Canada</td><td>6,723</td><td>-1,667</td><td>-522</td><td>-53</td><td>-6,139</td><td>28,896</td><td>-21,033</td><td>-6,263</td><td>-42,408</td><td>-15,398</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>-81</td><td>148</td><td>-210</td><td>-116</td><td>75</td><td>72</td><td>134</td><td>107</td><td>430</td><td>167</td></tr><tr><td>Bolivia</td><td>11</td><td>58</td><td>-13</td><td>-38</td><td>-12</td><td>76</td><td>-33</td><td>14</td><td>-5</td><td>46</td></tr><tr><td>Brazil</td><td>113</td><td>147</td><td>-41</td><td>237</td><td>122</td><td>1,878</td><td>689</td><td>395</td><td>606</td><td>902</td></tr><tr><td>Chile</td><td>-138</td><td>106</td><td>38</td><td>2</td><td>91</td><td>177</td><td>-21</td><td>150</td><td>397</td><td>376</td></tr><tr><td>Colombia</td><td>114</td><td>32</td><td>40</td><td>85</td><td>327</td><td>176</td><td>46</td><td>324</td><td>20</td><td>23</td></tr><tr><td>Cuba</td><td>-258</td><td>-96</td><td>791</td><td>-371</td><td>-394</td><td>818</td><td>619</td><td>919</td><td>530</td><td>12,343</td></tr><tr><td>Dominican Republic</td><td>-27</td><td>-14</td><td>1</td><td>-32</td><td>-9</td><td>6</td><td>-102</td><td>105</td><td>63</td><td>-51</td></tr><tr><td>Guatemala</td><td>-43</td><td>37</td><td>-85</td><td>-25</td><td>57</td><td>98</td><td>26</td><td>61</td><td>-1,937</td><td>41</td></tr><tr><td>Mexico</td><td>-297</td><td>225</td><td>92</td><td>-176</td><td>676</td><td>545</td><td>406</td><td>52</td><td>960</td><td>1,505</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>26</td><td>20</td><td>-1</td><td>-44</td><td>113</td><td>194</td><td>92</td><td>33</td><td>142</td><td>30</td></tr><tr><td>Peru</td><td>-67</td><td>-223</td><td>145</td><td>26</td><td>-12</td><td>113</td><td>366</td><td>167</td><td>25</td><td>36</td></tr><tr><td>Republic of Panama</td><td>10</td><td>299</td><td>-930</td><td>253</td><td>675</td><td>995</td><td>289</td><td>692</td><td>61</td><td>405</td></tr><tr><td>El Salvador</td><td>-</td><td>1</td><td>4</td><td>-1</td><td>-8</td><td>49</td><td>-4</td><td>21</td><td>9</td><td>987</td></tr><tr><td>Uruguay</td><td>-1,057</td><td>17</td><td>103</td><td>1,386</td><td>-604</td><td>2,315</td><td>64</td><td>529</td><td>206</td><td>-215</td></tr><tr><td>Venezuela</td><td>-14</td><td>-258</td><td>485</td><td>-122r</td><td>243</td><td>639</td><td>353</td><td>182</td><td>580</td><td>114</td></tr><tr><td>Other Latin America</td><td>55</td><td>-323</td><td>141</td><td>-93</td><td>21</td><td>34</td><td>677</td><td>-5</td><td>586</td><td>4,371</td></tr><tr><td>Total Latin America</td><td>-1,653</td><td>176</td><td>560</td><td>971r</td><td>1,361</td><td>8,185</td><td>3,601</td><td>3,746</td><td>2,673</td><td>21,080</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>-53</td><td>78</td><td>-68</td><td>21</td><td>-65</td><td>22</td><td>23</td><td>89</td><td>15</td><td>-4</td></tr><tr><td>Formosa</td><td>79</td><td>-31</td><td>-3</td><td>-36</td><td>77</td><td>-40</td><td>-28</td><td>46</td><td>532</td><td>-</td></tr><tr><td>Hong Kong</td><td>-120</td><td>145</td><td>-31</td><td>-304</td><td>374</td><td>234</td><td>355</td><td>176</td><td>-83</td><td>136</td></tr><tr><td>India</td><td>-27</td><td>-5</td><td>-2</td><td>-4</td><td>8</td><td>13</td><td>1</td><td>4</td><td>14</td><td>4</td></tr><tr><td>Indonesia</td><td>-3</td><td>1</td><td>1</td><td>-20</td><td>4</td><td>-23</td><td>16</td><td>10</td><td>14</td><td>-3</td></tr><tr><td>Iran</td><td>-2</td><td>2</td><td>-2</td><td>2</td><td>4</td><td>-</td><td>3</td><td>1</td><td>6</td><td>-</td></tr><tr><td>Israel</td><td>3</td><td>-4</td><td>1</td><td>1</td><td>3</td><td>-2,715</td><td>-3,476</td><td>-1,457</td><td>-1,574</td><td>-3,118</td></tr><tr><td>Japan</td><td>-8</td><td>1</td><td>26</td><td>-105</td><td>58</td><td>223</td><td>252</td><td>200</td><td>732</td><td>2,129</td></tr><tr><td>Philippines</td><td>-10</td><td>-125</td><td>-5</td><td>78</td><td>-15</td><td>46</td><td>-34</td><td>-11</td><td>-40</td><td>-38</td></tr><tr><td>Thailand</td><td>-5</td><td>-9</td><td>-14</td><td>1</td><td>-190</td><td>-63</td><td>-25</td><td>719</td><td>1</td><td>-</td></tr><tr><td>Turkey</td><td>10</td><td>15</td><td>-10</td><td>5</td><td>-</td><td>16</td><td>2</td><td>-28</td><td>7</td><td>-18</td></tr><tr><td>Other Asia</td><td>-214</td><td>10</td><td>-265</td><td>374</td><td>-431</td><td>229</td><td>7</td><td>388</td><td>128</td><td>120</td></tr><tr><td>Total Asia</td><td>-350</td><td>78</td><td>-372</td><td>13</td><td>-173</td><td>-2,058</td><td>-2,904</td><td>137</td><td>-248</td><td>-792</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>9</td><td>3</td><td>14</td><td>-10</td><td>20</td><td>351</td><td>18,148</td><td>1,189</td><td>632</td><td>2,713</td></tr><tr><td>Belgian Congo</td><td>2</td><td>-1</td><td>1</td><td>1</td><td>-3</td><td>17</td><td>-12</td><td>7</td><td>-</td><td>-1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>5</td><td>2</td><td>10</td><td>-70</td><td>16</td><td>56</td><td>119</td><td>-16</td><td>2</td><td>1</td></tr><tr><td>Union of South Africa</td><td>-135</td><td>338</td><td>-399</td><td>44</td><td>-212</td><td>-4,409</td><td>-344</td><td>38</td><td>89</td><td>1,967</td></tr><tr><td>Other</td><td>-320</td><td>260</td><td>176</td><td>181</td><td>-800</td><td>266</td><td>81</td><td>-176</td><td>934</td><td>3,822</td></tr><tr><td>Total other countries</td><td>-439</td><td>602</td><td>-198</td><td>146</td><td>-979</td><td>-3,719</td><td>17,992</td><td>1,042</td><td>1,657</td><td>8,502</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,365</td><td>-1,737</td><td>-4,508</td><td>-14,063</td><td>-81,285</td></tr><tr><td>Grand total</td><td>-578</td><td>1,774</td><td>-3,463</td><td>243r</td><td>-3,954</td><td>72,358</td><td>-39,917</td><td>5,370</td><td>-32,236</td><td>-29,532</td></tr></table>
p Preliminary. r Revised.
48
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Claims on foreigners</th><th colspan="5">Liabilities to foreigners</th></tr><tr><th></th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October p</th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>149</td><td>236</td><td>372</td><td>327</td><td>144</td><td>118,734</td><td>129,878</td><td>144,368</td><td>161,124</td><td>169,944</td></tr><tr><td>Belgium</td><td>11,557</td><td>12,192</td><td>10,282</td><td>11,146</td><td>11,021</td><td>128,364</td><td>132,892</td><td>139,830</td><td>146,456</td><td>118,206</td></tr><tr><td>Czechoslovakia</td><td>10</td><td>6</td><td>3</td><td>13</td><td>5</td><td>656</td><td>729</td><td>580</td><td>1,375</td><td>544</td></tr><tr><td>Denmark</td><td>1,303</td><td>2,340</td><td>3,518</td><td>4,287</td><td>5,736</td><td>71,047</td><td>72,620</td><td>77,155</td><td>81,667</td><td>88,050</td></tr><tr><td>Finland</td><td>3,837</td><td>3,475</td><td>3,395</td><td>2,262</td><td>2,675</td><td>34,320</td><td>35,686</td><td>32,818</td><td>30,725</td><td>33,451</td></tr><tr><td>France</td><td>7,848</td><td>10,547</td><td>9,677</td><td>9,926</td><td>9,768</td><td>301,823</td><td>334,039</td><td>362,601</td><td>376,551</td><td>425,643</td></tr><tr><td>Germany</td><td>30,885</td><td>27,040</td><td>30,313</td><td>33,626</td><td>35,658</td><td>682,835</td><td>739,502</td><td>773,272</td><td>793,679</td><td>827,151</td></tr><tr><td>Greece</td><td>129</td><td>127</td><td>205</td><td>359</td><td>471</td><td>70,651</td><td>69,478</td><td>73,291</td><td>77,850</td><td>85,116</td></tr><tr><td>Italy</td><td>24,805</td><td>22,120</td><td>22,237</td><td>21,675</td><td>19,990</td><td>313,619</td><td>335,964</td><td>353,945</td><td>365,164</td><td>390,825</td></tr><tr><td>Netherlands</td><td>5,060</td><td>5,157</td><td>5,696</td><td>7,187</td><td>9,061</td><td>268,564</td><td>227,490</td><td>243,086</td><td>230,722</td><td>241,236</td></tr><tr><td>Norway</td><td>1,116</td><td>843</td><td>761</td><td>1,047</td><td>893</td><td>109,077</td><td>108,353</td><td>110,309</td><td>113,667</td><td>115,672</td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>30</td><td>30</td><td>33</td><td>1,965</td><td>2,426</td><td>2,915</td><td>3,395</td><td>2,182</td></tr><tr><td>Portugal</td><td>468</td><td>479</td><td>413</td><td>495</td><td>434</td><td>57,159</td><td>62,907</td><td>70,254</td><td>66,730</td><td>70,045</td></tr><tr><td>Romania</td><td>5</td><td>5</td><td>5</td><td>5</td><td>18</td><td>5,799</td><td>5,812</td><td>5,806</td><td>5,803</td><td>5,750</td></tr><tr><td>Spain</td><td>6,945</td><td>14,402</td><td>20,317</td><td>24,101</td><td>22,620</td><td>19,319</td><td>19,938</td><td>22,123</td><td>23,401</td><td>32,666</td></tr><tr><td>Sweden</td><td>2,449</td><td>2,555</td><td>1,773</td><td>2,186</td><td>1,698</td><td>86,660</td><td>87,923</td><td>94,281</td><td>103,492</td><td>96,033</td></tr><tr><td>Switzerland</td><td>15,249</td><td>14,001</td><td>13,420</td><td>12,385</td><td>15,360</td><td>650,132</td><td>659,945</td><td>663,732</td><td>666,368</td><td>665,028</td></tr><tr><td>U. S. S. R.</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>2,223</td><td>6,534</td><td>8,048</td><td>8,272</td><td>2,029</td></tr><tr><td>United Kingdom</td><td>28,717</td><td>28,461</td><td>26,640</td><td>33,857</td><td>39,499</td><td>911,183</td><td>887,605</td><td>890,024</td><td>900,826</td><td>916,304</td></tr><tr><td>Yugoslavia</td><td>4,730</td><td>5,336</td><td>5,795</td><td>4,248</td><td>5,319</td><td>7,944</td><td>10,546</td><td>13,227</td><td>7,448</td><td>9,031</td></tr><tr><td>Other Europe</td><td>6,426</td><td>6,313</td><td>6,880</td><td>6,615</td><td>7,087</td><td>47,760</td><td>52,583</td><td>51,187</td><td>51,031</td><td>51,953</td></tr><tr><td>Total Europe</td><td>151,718</td><td>155,666</td><td>161,732</td><td>175,777</td><td>187,490</td><td>3,889,834</td><td>3,982,850</td><td>4,132,852</td><td>4,215,746</td><td>4,346,859</td></tr><tr><td>Canada</td><td>58,292</td><td>49,630</td><td>42,003</td><td>56,737</td><td>80,707</td><td>1,119,448</td><td>1,142,085</td><td>1,147,537</td><td>1,195,066</td><td>1,205,652</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>9,016</td><td>7,954</td><td>7,602</td><td>7,477</td><td>6,980</td><td>155,615</td><td>151,288</td><td>145,903</td><td>146,640</td><td>143,124</td></tr><tr><td>Bolivia</td><td>14,691</td><td>14,292</td><td>13,419</td><td>13,209</td><td>11,891</td><td>25,591</td><td>22,943</td><td>20,579</td><td>20,318</td><td>19,932</td></tr><tr><td>Brazil</td><td>325,103</td><td>317,181</td><td>319,736</td><td>274,739</td><td>204,560</td><td>133,608</td><td>83,487</td><td>132,537</td><td>164,437</td><td>110,010</td></tr><tr><td>Chile</td><td>7,525</td><td>7,653</td><td>7,450</td><td>7,459</td><td>6,067</td><td>88,113</td><td>89,140</td><td>84,123</td><td>92,103</td><td>85,986</td></tr><tr><td>Colombia</td><td>47,656</td><td>44,369</td><td>48,928</td><td>47,428</td><td>47,054</td><td>121,602</td><td>130,373</td><td>129,910</td><td>115,577</td><td>116,215</td></tr><tr><td>Cuba</td><td>27,029</td><td>28,805</td><td>23,989</td><td>21,632</td><td>41,761</td><td>380,957</td><td>387,963</td><td>400,148</td><td>389,001</td><td>383,327</td></tr><tr><td>Dominican Republic</td><td>2,916</td><td>1,901</td><td>1,931</td><td>1,736</td><td>1,728</td><td>47,492</td><td>50,200</td><td>48,930</td><td>45,047</td><td>41,938</td></tr><tr><td>Guatemala</td><td>3,167</td><td>3,247</td><td>2,991</td><td>3,552</td><td>4,190</td><td>45,186</td><td>43,181</td><td>40,303</td><td>36,408</td><td>32,690</td></tr><tr><td>Mexico</td><td>88,327</td><td>86,416</td><td>88,990</td><td>79,300</td><td>86,337</td><td>167,496</td><td>168,706</td><td>160,496</td><td>170,322</td><td>181,148</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,091</td><td>2,405</td><td>2,248</td><td>1,836</td><td>3,027</td><td>44,814</td><td>45,595</td><td>45,080</td><td>43,604</td><td>48,969</td></tr><tr><td>Peru</td><td>14,296</td><td>13,559</td><td>15,053</td><td>16,782</td><td>17,733</td><td>63,372</td><td>61,207</td><td>62,046</td><td>59,244</td><td>68,178</td></tr><tr><td>Republic of Panama</td><td>5,374</td><td>5,605</td><td>5,379</td><td>5,795</td><td>4,853</td><td>97,092</td><td>103,777</td><td>108,119</td><td>99,434</td><td>79,309</td></tr><tr><td>El Salvador</td><td>4,043</td><td>3,290</td><td>3,672</td><td>4,777</td><td>5,958</td><td>44,738</td><td>42,132</td><td>39,202</td><td>33,678</td><td>28,718</td></tr><tr><td>Uruguay</td><td>3,601</td><td>3,313</td><td>3,197</td><td>3,429</td><td>3,805</td><td>88,524</td><td>91,250</td><td>89,556</td><td>89,028</td><td>93,490</td></tr><tr><td>Venezuela</td><td>35,201</td><td>35,649</td><td>35,418</td><td>36,311</td><td>39,239</td><td>156,813</td><td>166,545</td><td>165,188</td><td>197,799</td><td>173,142</td></tr><tr><td>Other Latin America</td><td>13,870</td><td>15,471</td><td>14,172</td><td>16,054</td><td>18,221</td><td>140,867</td><td>139,745</td><td>135,246</td><td>131,736</td><td>124,658</td></tr><tr><td>Total Latin America</td><td>603,906</td><td>591,210</td><td>594,174</td><td>541,516</td><td>503,404</td><td>1,801,879</td><td>1,777,532</td><td>1,807,366</td><td>1,834,376</td><td>1,730,834</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2,646</td><td>2,650</td><td>2,536</td><td>3,083</td><td>3,075</td><td>37,474</td><td>36,940</td><td>36,351</td><td>36,693</td><td>36,846</td></tr><tr><td>Formosa</td><td>5,449</td><td>5,586</td><td>5,410</td><td>5,421</td><td>5,415</td><td>33,789</td><td>34,644</td><td>36,924</td><td>39,223</td><td>40,280</td></tr><tr><td>Hong Kong</td><td>2,339</td><td>2,274</td><td>2,859</td><td>2,913</td><td>2,609</td><td>67,167</td><td>68,165</td><td>68,468</td><td>68,816</td><td>67,938</td></tr><tr><td>India</td><td>2,859</td><td>2,506</td><td>2,689</td><td>2,936</td><td>3,430</td><td>87,404</td><td>89,145</td><td>93,469</td><td>92,702</td><td>95,289</td></tr><tr><td>Indonesia</td><td>1,142</td><td>1,245</td><td>1,646</td><td>1,115</td><td>576</td><td>38,432</td><td>39,611</td><td>33,603</td><td>35,091</td><td>34,729</td></tr><tr><td>Iran</td><td>12,816</td><td>13,311</td><td>13,888</td><td>13,041</td><td>14,170</td><td>17,806</td><td>20,332</td><td>22,855</td><td>30,972</td><td>47,419</td></tr><tr><td>Israel</td><td>19,397</td><td>17,773</td><td>18,789</td><td>24,362</td><td>25,877</td><td>16,475</td><td>14,193</td><td>19,578</td><td>19,463</td><td>18,278</td></tr><tr><td>Japan</td><td>16,619</td><td>18,766</td><td>17,090</td><td>20,483</td><td>17,739</td><td>891,717</td><td>910,170</td><td>919,441</td><td>932,240</td><td>912,032</td></tr><tr><td>Philippines</td><td>11,821</td><td>10,815</td><td>10,055</td><td>9,404</td><td>5,457</td><td>307,360</td><td>302,962</td><td>309,752</td><td>308,927</td><td>303,259</td></tr><tr><td>Thailand</td><td>5,342</td><td>4,464</td><td>5,216</td><td>5,865</td><td>6,239</td><td>197,500</td><td>191,880</td><td>188,206</td><td>191,338</td><td>187,145</td></tr><tr><td>Turkey</td><td>11,276</td><td>8,680</td><td>4,469</td><td>960</td><td>7,687</td><td>8,007</td><td>6,288</td><td>8,367</td><td>14,187</td><td>16,655</td></tr><tr><td>Other Asia</td><td>20,392</td><td>15,536</td><td>15,516</td><td>16,685</td><td>19,739</td><td>232,176</td><td>233,878</td><td>226,383</td><td>231,583</td><td>241,024</td></tr><tr><td>Total Asia</td><td>112,098</td><td>103,606</td><td>100,163</td><td>106,268</td><td>112,013</td><td>1,935,307</td><td>1,948,208</td><td>1,963,397</td><td>2,001,135</td><td>2,000,894</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>7,211</td><td>6,261</td><td>6,304</td><td>6,978</td><td>5,803</td><td>67,318</td><td>54,577</td><td>53,866</td><td>54,042</td><td>61,181</td></tr><tr><td>Belgian Congo</td><td>6,624</td><td>7,129</td><td>5,932</td><td>5,720</td><td>5,720</td><td>126,297</td><td>119,441</td><td>112,506</td><td>116,841</td><td>110,558</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>335</td><td>242</td><td>161</td><td>139</td><td>240</td><td>55,214</td><td>43,153</td><td>44,523</td><td>43,942</td><td>44,704</td></tr><tr><td>Union of South Africa</td><td>2,872</td><td>2,886</td><td>2,872</td><td>2,275</td><td>2,737</td><td>37,435</td><td>37,376</td><td>39,593</td><td>38,902</td><td>44,707</td></tr><tr><td>Other</td><td>3,567</td><td>3,682</td><td>4,557</td><td>4,983</td><td>7,816</td><td>97,789</td><td>99,582</td><td>93,403</td><td>99,435</td><td>90,102</td></tr><tr><td>Total other countries</td><td>20,609</td><td>20,200</td><td>19,826</td><td>20,095</td><td>22,316</td><td>384,053</td><td>354,129</td><td>343,891</td><td>353,162</td><td>351,252</td></tr><tr><td>International</td><td>1,039</td><td>193</td><td>-</td><td>163</td><td>-</td><td>1,777,093</td><td>1,788,651</td><td>1,794,018</td><td>1,795,998</td><td>1,888,433</td></tr><tr><td>Grand total</td><td>947,662</td><td>920,505</td><td>917,898</td><td>900,556</td><td>905,930</td><td>10,907,614</td><td>10,993,455</td><td>11,189,061</td><td>11,395,483</td><td>11,523,924</td></tr></table>
P Preliminary.
January 1954
49
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Foreign Debit and Credit Balances in Brokerage Accounts
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Debit balances (due from foreigners) 1953</th><th colspan="5">Credit balances (due to foreigners) 1953</th></tr><tr><th></th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October p</th><th>June</th><th>July</th><th>August</th><th>September p</th><th>October 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>14</td><td>17</td><td>12</td><td>18</td><td>16</td><td>29</td><td>16</td><td>36</td><td>10</td><td>14</td></tr><tr><td>Belgium</td><td>189</td><td>206</td><td>184</td><td>105</td><td>279</td><td>2,59</td><td>2,592</td><td>2,432</td><td>2,148</td><td>1,914</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>343</td><td>213</td><td>328</td><td>338</td><td>363</td><td>181</td><td>205</td><td>147</td><td>157</td><td>158</td></tr><tr><td>Finland</td><td>-</td><td>-</td><td>7</td><td>-</td><td>6</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>France</td><td>2,411</td><td>1,747</td><td>2,012</td><td>1,756</td><td>2,474</td><td>3,016</td><td>3,125</td><td>2,998</td><td>2,799</td><td>2,886</td></tr><tr><td>Germany</td><td>479</td><td>427</td><td>146</td><td>91</td><td>80</td><td>81</td><td>44</td><td>45</td><td>46</td><td>71</td></tr><tr><td>Greece</td><td>10</td><td>10</td><td>17</td><td>5</td><td>4</td><td>17</td><td>17</td><td>25</td><td>20</td><td>39</td></tr><tr><td>Italy</td><td>235</td><td>215</td><td>201</td><td>319</td><td>346</td><td>663</td><td>634</td><td>687</td><td>688</td><td>748</td></tr><tr><td>Netherlands</td><td>428</td><td>371</td><td>672</td><td>621</td><td>433</td><td>5,111</td><td>5,297</td><td>5,179</td><td>4,770</td><td>4,603</td></tr><tr><td>Norway</td><td>345</td><td>404</td><td>434</td><td>369</td><td>368</td><td>332</td><td>581</td><td>573</td><td>471</td><td>633</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>236</td><td>209</td><td>164</td><td>1</td><td>-</td></tr><tr><td>Portugal</td><td>55</td><td>60</td><td>112</td><td>58</td><td>39</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Rumanie</td><td>-</td><td>10</td><td>121</td><td>-</td><td>-</td><td>290</td><td>149</td><td>159</td><td>160</td><td>149</td></tr><tr><td>Spain</td><td>299</td><td>134</td><td>137</td><td>137</td><td>139</td><td>251</td><td>225</td><td>219</td><td>234</td><td>275</td></tr><tr><td>Sweden</td><td>34</td><td>66</td><td>71</td><td>68</td><td>59</td><td>22,271</td><td>25,183</td><td>23,626</td><td>23,283</td><td>22,945</td></tr><tr><td>Switzerland</td><td>6,937</td><td>6,503</td><td>7,722</td><td>7,555</td><td>6,623</td><td>4,867</td><td>4,149</td><td>4,275</td><td>4,479</td><td>6,225</td></tr><tr><td>U. S. S. R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14</td><td>21</td><td>21</td><td>22</td><td>22</td></tr><tr><td>United Kingdom</td><td>3,770</td><td>5,042</td><td>4,267</td><td>5,027</td><td>4,261</td><td>1,176</td><td>1,237</td><td>1,455</td><td>1,473</td><td>1,133</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>57</td><td>86</td><td>493</td><td>83</td><td>96</td><td>1,176</td><td>1,237</td><td>1,455</td><td>1,473</td><td>1,133</td></tr><tr><td>Total Europe</td><td>15,606</td><td>15,511</td><td>16,799</td><td>16,550</td><td>15,586</td><td>41,209</td><td>43,699</td><td>42,056</td><td>40,973</td><td>41,985</td></tr><tr><td>Canada</td><td>6,516</td><td>6,415</td><td>6,741</td><td>6,204</td><td>7,329</td><td>14,85</td><td>12,517</td><td>12,321</td><td>11,731</td><td>6,717</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>311</td><td>303</td><td>374</td><td>334</td><td>390</td><td>1,370</td><td>1,510</td><td>1,371</td><td>1,215</td><td>1,346</td></tr><tr><td>Bolivia</td><td>13</td><td>1</td><td>5</td><td>10</td><td>19</td><td>51</td><td>97</td><td>88</td><td>55</td><td>52</td></tr><tr><td>Brazil</td><td>1,139</td><td>823</td><td>935</td><td>748</td><td>587</td><td>1,473</td><td>1,304</td><td>1,375</td><td>1,425</td><td>1,386</td></tr><tr><td>Chile</td><td>366</td><td>290</td><td>272</td><td>250</td><td>504</td><td>709</td><td>739</td><td>759</td><td>739</td><td>1,084</td></tr><tr><td>Colombia</td><td>94</td><td>85</td><td>90</td><td>25</td><td>26</td><td>489</td><td>512</td><td>557</td><td>577</td><td>905</td></tr><tr><td>Cuba</td><td>5,944</td><td>5,823</td><td>5,180</td><td>5,311</td><td>5,307</td><td>2,392</td><td>2,175</td><td>2,323</td><td>2,083</td><td>1,685</td></tr><tr><td>Dominican Republic</td><td>10</td><td>12</td><td>8</td><td>9</td><td>9</td><td>205</td><td>193</td><td>190</td><td>159</td><td>150</td></tr><tr><td>Guatemala</td><td>20</td><td>8</td><td>8</td><td>7</td><td>7</td><td>187</td><td>212</td><td>127</td><td>101</td><td>158</td></tr><tr><td>Mexico</td><td>2,448</td><td>2,585</td><td>2,599</td><td>2,694</td><td>2,418</td><td>2,610</td><td>2,972</td><td>3,078</td><td>2,997</td><td>3,397</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>53</td><td>49</td><td>41</td><td>59</td><td>26</td><td>187</td><td>203</td><td>194</td><td>168</td><td>248</td></tr><tr><td>Peru</td><td>368</td><td>584</td><td>422</td><td>376</td><td>405</td><td>198</td><td>191</td><td>174</td><td>154</td><td>171</td></tr><tr><td>Republic of Panama</td><td>235</td><td>215</td><td>656</td><td>293</td><td>262</td><td>1,828</td><td>2,107</td><td>1,618</td><td>1,508</td><td>2,152</td></tr><tr><td>El Salvador</td><td>-</td><td>-</td><td>-</td><td>1</td><td>3</td><td>7</td><td>8</td><td>12</td><td>12</td><td>6</td></tr><tr><td>Uruguay</td><td>891</td><td>547</td><td>554</td><td>670</td><td>706</td><td>4,932</td><td>4,605</td><td>4,715</td><td>6,217</td><td>5,649</td></tr><tr><td>Venezuela</td><td>1,921</td><td>1,890</td><td>1,900</td><td>1,875</td><td>1,929</td><td>2,457</td><td>2,168</td><td>2,663</td><td>2,516</td><td>2,813</td></tr><tr><td>Other Latin America</td><td>367</td><td>579</td><td>451</td><td>594</td><td>523</td><td>510</td><td>399</td><td>412</td><td>462</td><td>412</td></tr><tr><td>Total Latin America</td><td>14,180</td><td>13,794</td><td>13,495</td><td>13,256</td><td>13,121</td><td>19,605</td><td>19,395</td><td>19,656</td><td>20,388</td><td>21,614</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>39</td><td>3</td><td>32</td><td>-</td><td>59</td><td>70</td><td>112</td><td>73</td><td>62</td><td>56</td></tr><tr><td>Panosee</td><td>3</td><td>-</td><td>3</td><td>39</td><td>-</td><td>46</td><td>12</td><td>12</td><td>12</td><td>50</td></tr><tr><td>Hong Kong</td><td>866</td><td>723</td><td>648</td><td>764</td><td>504</td><td>1,488</td><td>1,490</td><td>1,384</td><td>1,196</td><td>1,310</td></tr><tr><td>India</td><td>52</td><td>52</td><td>54</td><td>58</td><td>58</td><td>65</td><td>60</td><td>60</td><td>60</td><td>68</td></tr><tr><td>Indonesia</td><td>22</td><td>22</td><td>22</td><td>38</td><td>38</td><td>6</td><td>7</td><td>8</td><td>4</td><td>8</td></tr><tr><td>Iran</td><td>6</td><td>5</td><td>8</td><td>8</td><td>4</td><td>4</td><td>5</td><td>6</td><td>8</td><td>8</td></tr><tr><td>Israel</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>49</td><td>43</td><td>44</td><td>45</td><td>48</td></tr><tr><td>Japan</td><td>5</td><td>11</td><td>15</td><td>86</td><td>36</td><td>47</td><td>54</td><td>84</td><td>50</td><td>58</td></tr><tr><td>Philippines</td><td>36</td><td>97</td><td>100</td><td>38</td><td>46</td><td>87</td><td>23</td><td>21</td><td>37</td><td>30</td></tr><tr><td>Thailand</td><td>8</td><td>8</td><td>8</td><td>8</td><td>254</td><td>92</td><td>83</td><td>69</td><td>70</td><td>126</td></tr><tr><td>Turkey</td><td>5</td><td>3</td><td>2</td><td>85</td><td>-</td><td>5</td><td>18</td><td>7</td><td>10</td><td>10</td></tr><tr><td>Other Asia</td><td>164</td><td>125</td><td>93</td><td>85</td><td>544</td><td>577</td><td>548</td><td>251</td><td>617</td><td>645</td></tr><tr><td>Total Asia</td><td>1,208</td><td>1,049</td><td>985</td><td>1,124</td><td>1,543</td><td>2,536</td><td>2,455</td><td>2,019</td><td>2,171</td><td>2,417</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>14</td><td>13</td><td>14</td><td>13</td><td>29</td><td>39</td><td>52</td><td>43</td><td>62</td></tr><tr><td>Belgian Congo</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>4</td><td>5</td><td>6</td><td>3</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>5</td><td>2</td><td>-</td><td>3</td><td>2</td><td>97</td><td>96</td><td>104</td><td>37</td><td>52</td></tr><tr><td>Union of South Africa</td><td>8</td><td>7</td><td>6</td><td>7</td><td>68</td><td>214</td><td>551</td><td>151</td><td>196</td><td>45</td></tr><tr><td>Other</td><td>244</td><td>227</td><td>218</td><td>273</td><td>230</td><td>1,622</td><td>1,865</td><td>2,032</td><td>2,268</td><td>1,425</td></tr><tr><td>Total other countries</td><td>264</td><td>250</td><td>237</td><td>297</td><td>313</td><td>1,967</td><td>2,555</td><td>2,344</td><td>2,550</td><td>1,587</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>37,774</td><td>37,019</td><td>38,257</td><td>37,431</td><td>37,892</td><td>79,602</td><td>80,621</td><td>78,396</td><td>77,813</td><td>74,320</td></tr></table>
p Preliminary.
50
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Details for Month of August 1953
Table 1.- Short-Term Claims on Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term claims</th><th colspan="3">Loans to:</th><th>Collection outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposite of reporting banks and domestic customers with foreigners</th><th>Collection outstanding for own account and domestic customers</th><th>Other</th></tr><tr><th></th><th></th><th>Total</th><th>Foreign banks and official institutions</th><th>Other</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>372</td><td>371</td><td>185</td><td>-</td><td>185</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Belgium</td><td>10,286</td><td>9,710</td><td>1,108</td><td>80</td><td>3,222</td><td>5,300</td><td>572</td><td>548</td><td>1</td><td>23</td></tr><tr><td>Czechoslovakia</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Denmark</td><td>3,518</td><td>3,473</td><td>31</td><td>-</td><td>262</td><td>3,180</td><td>45</td><td>36</td><td>9</td><td>-</td></tr><tr><td>Finland</td><td>3,395</td><td>3,393</td><td>24</td><td>131</td><td>138</td><td>3,100</td><td>2</td><td>2</td><td>-</td><td>-</td></tr><tr><td>France</td><td>9,677</td><td>7,410</td><td>1,681</td><td>3,595</td><td>1,076</td><td>1,058</td><td>2,267</td><td>631</td><td>43</td><td>1,593</td></tr><tr><td>Germany</td><td>30,313</td><td>27,970</td><td>9,984</td><td>4,113</td><td>2,785</td><td>11,224</td><td>2,343</td><td>2,336</td><td>7</td><td>-</td></tr><tr><td>Greece</td><td>205</td><td>205</td><td>18</td><td>36</td><td>151</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>22,237</td><td>22,005</td><td>1,482</td><td>13,124</td><td>2,895</td><td>4,434</td><td>232</td><td>116</td><td>21</td><td>95</td></tr><tr><td>Netherlands</td><td>5,696</td><td>4,771</td><td>1,029</td><td>462</td><td>1,647</td><td>1,633</td><td>925</td><td>920</td><td>5</td><td>-</td></tr><tr><td>Norway</td><td>761</td><td>682</td><td>13</td><td>38</td><td>413</td><td>218</td><td>79</td><td>79</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>30</td><td>30</td><td>-</td><td>-</td><td>30</td><td>-</td><td>71</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>413</td><td>342</td><td>-</td><td>10</td><td>332</td><td>-</td><td>71</td><td>64</td><td>7</td><td>-</td></tr><tr><td>Romania</td><td>5</td><td>2</td><td>858</td><td>-</td><td>2</td><td>-</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>20,317</td><td>18,250</td><td>858</td><td>13</td><td>313</td><td>17,066</td><td>2,067</td><td>2,067</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>1,773</td><td>1,500</td><td>107</td><td>148</td><td>828</td><td>427</td><td>273</td><td>270</td><td>3</td><td>-</td></tr><tr><td>Switzerland</td><td>13,420</td><td>7,598</td><td>683</td><td>3,777</td><td>2,864</td><td>274</td><td>5,822</td><td>5,769</td><td>-</td><td>53</td></tr><tr><td>U. S. S. R.</td><td>-</td><td>-</td><td>827</td><td>2,264</td><td>1,964</td><td>503</td><td>21,082</td><td>20,288</td><td>602</td><td>112</td></tr><tr><td>United Kingdom</td><td>26,640</td><td>5,558</td><td>5,783</td><td>9</td><td>1</td><td>-</td><td>2</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Yugoslavia</td><td>5,795</td><td>5,793</td><td>1,007</td><td>4,614</td><td>647</td><td>489</td><td>123</td><td>120</td><td>3</td><td>-</td></tr><tr><td>Other Europe</td><td>6,880</td><td>6,757</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total Europe</td><td>161,732</td><td>125,820</td><td>24,684</td><td>32,484</td><td>19,745</td><td>48,907</td><td>35,912</td><td>33,252</td><td>784</td><td>1,876</td></tr><tr><td>Canada</td><td>42,003</td><td>18,921</td><td>689</td><td>4,054</td><td>5,028</td><td>9,150</td><td>23,082</td><td>17,849</td><td>965</td><td>4,268</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>7,602</td><td>6,954</td><td>402</td><td>1,301</td><td>5,251</td><td>-</td><td>648</td><td>43</td><td>605</td><td>-</td></tr><tr><td>Bolivia</td><td>13,419</td><td>13,416</td><td>11,349</td><td>52</td><td>1,839</td><td>176</td><td>3</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Brazil</td><td>319,736</td><td>318,666</td><td>22,474</td><td>20,601</td><td>205,411</td><td>70,180</td><td>1,070</td><td>57</td><td>973</td><td>40</td></tr><tr><td>Chile</td><td>7,450</td><td>7,449</td><td>312</td><td>1,228</td><td>4,361</td><td>1,548</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>48,928</td><td>48,913</td><td>6,937</td><td>5,362</td><td>20,966</td><td>15,648</td><td>15</td><td>6</td><td>1</td><td>8</td></tr><tr><td>Cuba</td><td>23,989</td><td>23,734</td><td>165</td><td>5,556</td><td>8,510</td><td>9,503</td><td>255</td><td>254</td><td>1</td><td>-</td></tr><tr><td>Dominican Republic</td><td>1,931</td><td>1,905</td><td>-</td><td>353</td><td>1,552</td><td>-</td><td>26</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Guatemala</td><td>2,991</td><td>2,991</td><td>570</td><td>91</td><td>2,199</td><td>131</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>88,990</td><td>86,206</td><td>19,748</td><td>20,352</td><td>9,188</td><td>36,918</td><td>2,784</td><td>1,597</td><td>154</td><td>1,033</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>2,248</td><td>2,243</td><td>840</td><td>11</td><td>1,392</td><td>-</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>15,053</td><td>14,998</td><td>508</td><td>212</td><td>9,620</td><td>4,658</td><td>55</td><td>29</td><td>26</td><td>-</td></tr><tr><td>Republic of Panama</td><td>5,379</td><td>5,379</td><td>7</td><td>3,126</td><td>1,356</td><td>890</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>3,672</td><td>3,672</td><td>-</td><td>338</td><td>1,580</td><td>1,754</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,197</td><td>2,866</td><td>767</td><td>724</td><td>1,318</td><td>57</td><td>331</td><td>331</td><td>-</td><td>-</td></tr><tr><td>Venezuela</td><td>35,418</td><td>34,105</td><td>2,419</td><td>7,509</td><td>19,688</td><td>4,489</td><td>1,313</td><td>263</td><td>10</td><td>1,040</td></tr><tr><td>Other Latin America</td><td>14,171</td><td>14,144</td><td>583</td><td>1,179</td><td>12,036</td><td>346</td><td>27</td><td>16</td><td>11</td><td>-</td></tr><tr><td>Total Latin America</td><td>594,174</td><td>587,641</td><td>67,081</td><td>67,995</td><td>306,267</td><td>146,298</td><td>6,533</td><td>2,602</td><td>1,810</td><td>2,121</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2,536</td><td>2,532</td><td>2,528</td><td>-</td><td>2</td><td>2</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,410</td><td>5,410</td><td>5,410</td><td>-</td><td>1,799</td><td>-</td><td>52</td><td>52</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,859</td><td>2,807</td><td>730</td><td>288</td><td>1,976</td><td>3</td><td>302</td><td>294</td><td>8</td><td>-</td></tr><tr><td>India</td><td>2,689</td><td>2,387</td><td>408</td><td>-</td><td>1,976</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>1,646</td><td>1,646</td><td>225</td><td>-</td><td>1,421</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>13,888</td><td>13,888</td><td>56</td><td>14</td><td>13,818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Ireland</td><td>18,789</td><td>18,788</td><td>3,848</td><td>1,233</td><td>2,412</td><td>11,295</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>17,090</td><td>17,086</td><td>3,861</td><td>6,401</td><td>6,097</td><td>727</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>10,055</td><td>10,007</td><td>6,208</td><td>471</td><td>3,328</td><td>-</td><td>48</td><td>33</td><td>15</td><td>-</td></tr><tr><td>Thailand</td><td>5,216</td><td>5,209</td><td>3,426</td><td>1</td><td>1,782</td><td>-</td><td>7</td><td>-</td><td>7</td><td>-</td></tr><tr><td>Turkey</td><td>4,469</td><td>4,464</td><td>3,678</td><td>50</td><td>736</td><td>27</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>15,516</td><td>15,451</td><td>11,774</td><td>409</td><td>3,241</td><td>27</td><td>65</td><td>58</td><td>7</td><td>-</td></tr><tr><td>Total Asia</td><td>100,163</td><td>99,675</td><td>42,152</td><td>8,867</td><td>36,602</td><td>12,054</td><td>488</td><td>451</td><td>37</td><td>-</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>6,304</td><td>5,131</td><td>63</td><td>46</td><td>3,296</td><td>1,726</td><td>1,173</td><td>814</td><td>56</td><td>303</td></tr><tr><td>Belgian Congo</td><td>5,932</td><td>5,932</td><td>14</td><td>35</td><td>4,907</td><td>976</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>161</td><td>126</td><td>45</td><td>-</td><td>72</td><td>9</td><td>35</td><td>34</td><td>1</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,872</td><td>2,519</td><td>6</td><td>28</td><td>2,338</td><td>247</td><td>353</td><td>350</td><td>3</td><td>-</td></tr><tr><td>Other</td><td>4,557</td><td>4,430</td><td>1,259</td><td>344</td><td>2,515</td><td>312</td><td>127</td><td>99</td><td>28</td><td>-</td></tr><tr><td>Total other countries</td><td>19,826</td><td>18,138</td><td>1,387</td><td>453</td><td>13,028</td><td>3,270</td><td>1,688</td><td>1,297</td><td>88</td><td>303</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>917,898</td><td>850,195</td><td>135,993</td><td>113,853</td><td>380,670</td><td>219,679</td><td>67,703</td><td>55,451</td><td>3,684</td><td>8,568</td></tr></table>
January 1954
51
CAPITAL MOVEMENTS
Section III - Details for Month of August 1953
Table 2.- Short-Term Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="4">To foreign banks and official institutions</th><th colspan="4">To all other foreigners</th><th colspan="4">Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>To foreign banks and official institutions</th><th>To others</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>144,368</td><td>143,632</td><td>84,306</td><td>3,200</td><td>56,126</td><td>736</td><td>735</td><td>-</td><td>1</td><td>206</td><td>199</td><td>7</td></tr><tr><td>Belgium</td><td>139,830</td><td>84,832</td><td>52,755</td><td>2,886</td><td>29,251</td><td>54,792</td><td>44,782</td><td>2,029</td><td>7,981</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Czechoslovakia</td><td>580</td><td>198</td><td>198</td><td>-</td><td>-</td><td>382</td><td>382</td><td>-</td><td>-</td><td>25</td><td>25</td><td>-</td></tr><tr><td>Denmark</td><td>77,155</td><td>67,339</td><td>15,446</td><td>50,125</td><td>1,768</td><td>9,791</td><td>7,751</td><td>964</td><td>1,076</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Finland</td><td>32,818</td><td>30,468</td><td>23,948</td><td>-</td><td>6,520</td><td>2,348</td><td>2,342</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>362,601</td><td>291,677</td><td>168,435</td><td>110,484</td><td>12,758</td><td>68,819</td><td>60,308</td><td>5,098</td><td>3,413</td><td>2,105</td><td>2,087</td><td>18</td></tr><tr><td>Germany</td><td>773,272</td><td>770,196</td><td>295,130</td><td>425,000</td><td>50,066</td><td>3,072</td><td>3,022</td><td>40</td><td>10</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Greece</td><td>73,291</td><td>64,513</td><td>26,085</td><td>38,000</td><td>428</td><td>8,778</td><td>6,787</td><td>1,925</td><td>66</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>353,945</td><td>321,794</td><td>118,638</td><td>175,301</td><td>27,845</td><td>32,144</td><td>21,173</td><td>10,028</td><td>943</td><td>17</td><td>17</td><td>-</td></tr><tr><td>Netherlands</td><td>243,086</td><td>210,595</td><td>60,719</td><td>140,392</td><td>9,884</td><td>32,476</td><td>30,321</td><td>2,078</td><td>77</td><td>15</td><td>13</td><td>2</td></tr><tr><td>Norway</td><td>110,309</td><td>83,139</td><td>23,321</td><td>58,379</td><td>1,439</td><td>27,156</td><td>21,811</td><td>2,618</td><td>2,727</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Poland</td><td>2,915</td><td>2,500</td><td>2,476</td><td>-</td><td>24</td><td>415</td><td>413</td><td>-</td><td>2</td><td>-</td><td>2</td><td>-</td></tr><tr><td>Portugal</td><td>70,254</td><td>46,254</td><td>45,877</td><td>18</td><td>329</td><td>23,998</td><td>23,738</td><td>-</td><td>260</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Romania</td><td>5,806</td><td>4,435</td><td>4,424</td><td>11</td><td>1,362</td><td>1,362</td><td>1,362</td><td>-</td><td>6</td><td>9</td><td>-</td><td>9</td></tr><tr><td>Spain</td><td>22,123</td><td>11,992</td><td>11,742</td><td>-</td><td>250</td><td>10,097</td><td>10,027</td><td>64</td><td>-</td><td>34</td><td>34</td><td>-</td></tr><tr><td>Sweden</td><td>94,281</td><td>87,103</td><td>40,521</td><td>22,250</td><td>24,332</td><td>7,062</td><td>6,427</td><td>635</td><td>-</td><td>116</td><td>116</td><td>-</td></tr><tr><td>Switzerland</td><td>663,732</td><td>529,966</td><td>254,975</td><td>132,219</td><td>142,772</td><td>130,745</td><td>96,102</td><td>13,110</td><td>21,534</td><td>3,021</td><td>2,832</td><td>189</td></tr><tr><td>U.S.S.R.</td><td>8,048</td><td>7,741</td><td>7,731</td><td>-</td><td>10</td><td>307</td><td>307</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>890,024</td><td>579,970</td><td>315,339</td><td>257,702</td><td>6,929</td><td>285,714</td><td>149,903</td><td>135,219</td><td>592</td><td>24,340</td><td>24,144</td><td>196</td></tr><tr><td>Yugoslavia</td><td>13,227</td><td>12,327</td><td>10,892</td><td>-</td><td>1,635</td><td>700</td><td>700</td><td>-</td><td>-</td><td>30</td><td>30</td><td>-</td></tr><tr><td>Other Europe</td><td>51,187</td><td>37,670</td><td>29,213</td><td>7,538</td><td>919</td><td>13,487</td><td>12,006</td><td>720</td><td>761</td><td>30</td><td>30</td><td>-</td></tr><tr><td>Total Europe</td><td>4,132,852</td><td>3,388,531</td><td>1,592,171</td><td>1,423,464</td><td>372,896</td><td>714,381</td><td>500,398</td><td>174,534</td><td>39,449</td><td>29,940</td><td>29,519</td><td>421</td></tr><tr><td>Canada</td><td>1,147,537</td><td>900,729</td><td>286,731</td><td>600,935</td><td>13,063</td><td>235,458</td><td>173,680</td><td>58,964</td><td>2,814</td><td>11,350</td><td>10,574</td><td>776</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>145,903</td><td>104,382</td><td>101,610</td><td>459</td><td>2,313</td><td>41,483</td><td>41,411</td><td>70</td><td>2</td><td>38</td><td>26</td><td>12</td></tr><tr><td>Bolivia</td><td>20,579</td><td>8,529</td><td>8,529</td><td>-</td><td>-</td><td>12,050</td><td>11,993</td><td>43</td><td>14</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>132,537</td><td>92,516</td><td>78,187</td><td>-</td><td>14,329</td><td>40,007</td><td>39,801</td><td>35</td><td>171</td><td>14</td><td>1</td><td>13</td></tr><tr><td>Chile</td><td>84,123</td><td>51,390</td><td>51,352</td><td>-</td><td>38</td><td>32,728</td><td>32,578</td><td>127</td><td>23</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Colombia</td><td>129,910</td><td>93,328</td><td>97,167</td><td>-</td><td>1,161</td><td>31,571</td><td>31,105</td><td>236</td><td>230</td><td>11</td><td>4</td><td>7</td></tr><tr><td>Cuba</td><td>400,148</td><td>328,084</td><td>118,461</td><td>208,000</td><td>1,623</td><td>72,062</td><td>69,587</td><td>1,112</td><td>1,363</td><td>2</td><td>-</td><td>2</td></tr><tr><td>Dominican Republic</td><td>48,930</td><td>28,644</td><td>28,477</td><td>-</td><td>167</td><td>20,286</td><td>16,295</td><td>41</td><td>3,950</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>40,303</td><td>22,125</td><td>18,348</td><td>600</td><td>3,177</td><td>18,178</td><td>17,956</td><td>220</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>160,496</td><td>77,264</td><td>75,882</td><td>-</td><td>1,382</td><td>82,785</td><td>77,328</td><td>5,403</td><td>54</td><td>447</td><td>38</td><td>409</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>45,080</td><td>36,524</td><td>19,420</td><td>14,095</td><td>3,009</td><td>8,556</td><td>8,431</td><td>50</td><td>75</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>62,046</td><td>22,166</td><td>21,999</td><td>-</td><td>167</td><td>39,878</td><td>35,557</td><td>145</td><td>4,176</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Republic of Panama</td><td>103,119</td><td>49,825</td><td>49,784</td><td>-</td><td>41</td><td>58,294</td><td>44,324</td><td>7,945</td><td>6,025</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>39,202</td><td>26,486</td><td>5,184</td><td>21,300</td><td>2</td><td>12,716</td><td>12,664</td><td>24</td><td>28</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>89,556</td><td>33,778</td><td>28,263</td><td>400</td><td>5,115</td><td>55,754</td><td>46,075</td><td>205</td><td>9,474</td><td>24</td><td>1</td><td>23</td></tr><tr><td>Venezuela</td><td>165,188</td><td>98,301</td><td>93,269</td><td>5,032</td><td>5,032</td><td>65,786</td><td>60,683</td><td>4,610</td><td>9,93</td><td>1,101</td><td>1,078</td><td>23</td></tr><tr><td>Other Latin America</td><td>135,246</td><td>100,801</td><td>73,759</td><td>12,932</td><td>14,110</td><td>34,301</td><td>33,133</td><td>1,158</td><td>10</td><td>144</td><td>144</td><td>-</td></tr><tr><td>Total Latin America</td><td>1,807,366</td><td>1,179,143</td><td>869,691</td><td>257,786</td><td>51,666</td><td>626,435</td><td>578,921</td><td>21,424</td><td>26,090</td><td>1,788</td><td>1,299</td><td>189</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>36,351</td><td>28,546</td><td>27,953</td><td>342</td><td>251</td><td>7,805</td><td>7,803</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>36,924</td><td>32,201</td><td>31,242</td><td>955</td><td>4</td><td>4,723</td><td>4,723</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>68,468</td><td>26,707</td><td>26,004</td><td>200</td><td>503</td><td>41,687</td><td>40,999</td><td>577</td><td>111</td><td>74</td><td>74</td><td>-</td></tr><tr><td>India</td><td>93,469</td><td>89,825</td><td>15,378</td><td>72,410</td><td>2,037</td><td>3,375</td><td>3,364</td><td>3</td><td>8</td><td>269</td><td>269</td><td>-</td></tr><tr><td>Indonesia</td><td>33,603</td><td>32,185</td><td>23,875</td><td>7,860</td><td>450</td><td>1,418</td><td>1,418</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>22,855</td><td>13,716</td><td>13,424</td><td>-</td><td>292</td><td>9,139</td><td>9,139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iraq</td><td>19,578</td><td>18,187</td><td>18,155</td><td>-</td><td>32</td><td>1,391</td><td>1,391</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>919,441</td><td>903,008</td><td>864,482</td><td>35,621</td><td>2,905</td><td>16,428</td><td>16,410</td><td>-</td><td>18</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Philippines</td><td>309,752</td><td>290,982</td><td>270,395</td><td>8,030</td><td>12,557</td><td>18,660</td><td>18,404</td><td>50</td><td>206</td><td>110</td><td>110</td><td>-</td></tr><tr><td>Thailand</td><td>188,206</td><td>184,535</td><td>11,984</td><td>172,264</td><td>287</td><td>3,671</td><td>3,671</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>8,367</td><td>4,589</td><td>4,553</td><td>-</td><td>36</td><td>3,778</td><td>3,764</td><td>12</td><td>2</td><td>426</td><td>426</td><td>-</td></tr><tr><td>Other Asia</td><td>226,383</td><td>187,803</td><td>127,246</td><td>50,640</td><td>9,917</td><td>38,154</td><td>37,431</td><td>91</td><td>632</td><td>884</td><td>884</td><td>-</td></tr><tr><td>Total Asia</td><td>1,963,397</td><td>1,812,284</td><td>1,434,691</td><td>348,322</td><td>29,271</td><td>150,229</td><td>148,517</td><td>735</td><td>977</td><td>884</td><td>884</td><td>-</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>53,866</td><td>50,560</td><td>20,631</td><td>29,550</td><td>379</td><td>3,156</td><td>3,139</td><td>-</td><td>17</td><td>150</td><td>150</td><td>-</td></tr><tr><td>Belgian Congo</td><td>112,506</td><td>111,587</td><td>12,007</td><td>80,790</td><td>18,790</td><td>904</td><td>663</td><td>2</td><td>239</td><td>15</td><td>15</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>44,523</td><td>41,403</td><td>24,855</td><td>16,000</td><td>548</td><td>3,120</td><td>3,090</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>39,593</td><td>34,640</td><td>8,428</td><td>25,700</td><td>512</td><td>4,843</td><td>4,833</td><td>6</td><td>4</td><td>110</td><td>78</td><td>32</td></tr><tr><td>Other</td><td>93,403</td><td>71,696</td><td>58,262</td><td>3,100</td><td>10,334</td><td>21,155</td><td>18,470</td><td>908</td><td>1,777</td><td>552</td><td>552</td><td>1</td></tr><tr><td>Total other countries</td><td>343,891</td><td>309,886</td><td>124,183</td><td>155,140</td><td>30,563</td><td>33,178</td><td>30,195</td><td>946</td><td>2,037</td><td>827</td><td>794</td><td>33</td></tr><tr><td>International</td><td>1,794,018</td><td>1,794,018</td><td>92,510</td><td>1,652,197</td><td>49,311</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>11,189,061</td><td>9,384,591</td><td>4,399,977</td><td>4,437,844</td><td>546,770</td><td>1,759,681</td><td>1,431,711</td><td>256,603</td><td>71,367</td><td>44,739</td><td>2,070</td><td>1,719</td></tr></table>
52
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Details for Month of August 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th></th><th>Total purchases</th><th colspan="2">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="2">Domestic securities</th><th colspan="2">Foreign securities</th></tr><tr><th></th><th></th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>8</td><td>-</td><td>-</td><td>7</td><td>1</td><td>-</td><td>13</td><td>-</td><td>10</td><td>3</td><td>-</td></tr><tr><td>Belgium</td><td>15,607</td><td>10,248</td><td>468</td><td>944</td><td>3,536</td><td>411</td><td>18,636</td><td>9,123</td><td>217</td><td>5,168</td><td>4,046</td><td>82</td></tr><tr><td>Czechoslovakia</td><td>19</td><td>-</td><td>1</td><td>18</td><td>-</td><td>-</td><td>10</td><td>-</td><td>1</td><td>5</td><td>4</td><td>-</td></tr><tr><td>Denmark</td><td>1,471</td><td>84</td><td>10</td><td>246</td><td>1,131</td><td>-</td><td>123</td><td>-</td><td>-</td><td>96</td><td>27</td><td>-</td></tr><tr><td>Finland</td><td>12</td><td>-</td><td>-</td><td>7</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>3,036</td><td>214</td><td>563</td><td>1,648</td><td>148</td><td>463</td><td>2,108</td><td>279</td><td>255</td><td>877</td><td>414</td><td>283</td></tr><tr><td>Germany</td><td>62</td><td>-</td><td>12</td><td>41</td><td>2</td><td>7</td><td>115</td><td>-</td><td>14</td><td>23</td><td>-</td><td>78</td></tr><tr><td>Greece</td><td>35</td><td>-</td><td>-</td><td>35</td><td>-</td><td>-</td><td>17</td><td>3</td><td>-</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>1,520</td><td>1,041</td><td>15</td><td>232</td><td>230</td><td>2</td><td>1,238</td><td>1,044</td><td>15</td><td>82</td><td>83</td><td>14</td></tr><tr><td>Netherlands</td><td>4,060</td><td>615</td><td>732</td><td>1,894</td><td>111</td><td>708</td><td>6,923</td><td>729</td><td>221</td><td>2,806</td><td>509</td><td>2,658</td></tr><tr><td>Norway</td><td>215</td><td>1</td><td>31</td><td>83</td><td>100</td><td>-</td><td>221</td><td>5</td><td>-</td><td>133</td><td>60</td><td>23</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>227</td><td>-</td><td>66</td><td>27</td><td>65</td><td>69</td><td>967</td><td>-</td><td>-</td><td>7</td><td>960</td><td>-</td></tr><tr><td>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>102</td><td>-</td><td>4</td><td>83</td><td>15</td><td>-</td><td>78</td><td>3</td><td>-</td><td>63</td><td>10</td><td>2</td></tr><tr><td>Sweden</td><td>14</td><td>-</td><td>2</td><td>10</td><td>2</td><td>-</td><td>247</td><td>1</td><td>9</td><td>185</td><td>52</td><td>-</td></tr><tr><td>Switzerland</td><td>22,006</td><td>1,398</td><td>2,152</td><td>14,320</td><td>2,088</td><td>2,048</td><td>14,564</td><td>1,320</td><td>644</td><td>10,378</td><td>1,327</td><td>895</td></tr><tr><td>U.S. S. R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>27,159</td><td>14,873</td><td>481</td><td>7,745</td><td>2,831</td><td>1,229</td><td>20,582</td><td>8,683</td><td>941</td><td>6,692</td><td>3,471</td><td>795</td></tr><tr><td>Yugoslavia</td><td>2</td><td>-</td><td>2</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>1,768</td><td>124</td><td>72</td><td>1,155</td><td>331</td><td>86</td><td>265</td><td>10</td><td>52</td><td>163</td><td>21</td><td>19</td></tr><tr><td>Total Europe</td><td>77,323</td><td>28,598</td><td>4,611</td><td>28,495</td><td>10,596</td><td>5,023</td><td>66,107</td><td>21,200</td><td>2,369</td><td>26,702</td><td>10,987</td><td>4,849</td></tr><tr><td>Canada</td><td>24,432</td><td>572</td><td>2,090</td><td>5,406</td><td>3,680</td><td>12,684</td><td>30,695</td><td>2,339</td><td>6,789</td><td>5,474</td><td>3,021</td><td>13,072</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>251</td><td>37</td><td>14</td><td>179</td><td>21</td><td>-</td><td>144</td><td>4</td><td>-</td><td>129</td><td>1</td><td>10</td></tr><tr><td>Bolivia</td><td>33</td><td>-</td><td>-</td><td>23</td><td>4</td><td>6</td><td>19</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>641</td><td>4</td><td>-</td><td>230</td><td>391</td><td>16</td><td>246</td><td>-</td><td>29</td><td>198</td><td>4</td><td>15</td></tr><tr><td>Chile</td><td>420</td><td>5</td><td>46</td><td>214</td><td>103</td><td>52</td><td>270</td><td>7</td><td>-</td><td>58</td><td>100</td><td>105</td></tr><tr><td>Colombia</td><td>1,267</td><td>-</td><td>-</td><td>16</td><td>1,246</td><td>5</td><td>943</td><td>-</td><td>-</td><td>27</td><td>913</td><td>3</td></tr><tr><td>Cuba</td><td>1,649</td><td>214</td><td>238</td><td>816</td><td>329</td><td>52</td><td>730</td><td>10</td><td>19</td><td>593</td><td>68</td><td>40</td></tr><tr><td>Dominican Republic</td><td>114</td><td>-</td><td>-</td><td>85</td><td>29</td><td>-</td><td>9</td><td>-</td><td>-</td><td>6</td><td>3</td><td>-</td></tr><tr><td>Guatemala</td><td>80</td><td>-</td><td>51</td><td>26</td><td>-</td><td>3</td><td>19</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>1,246</td><td>60</td><td>34</td><td>651</td><td>239</td><td>262</td><td>1,194</td><td>149</td><td>69</td><td>669</td><td>42</td><td>265</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>56</td><td>-</td><td>20</td><td>35</td><td>-</td><td>1</td><td>23</td><td>-</td><td>4</td><td>13</td><td>6</td><td>-</td></tr><tr><td>Peru</td><td>241</td><td>-</td><td>-</td><td>179</td><td>61</td><td>1</td><td>74</td><td>-</td><td>-</td><td>72</td><td>-</td><td>2</td></tr><tr><td>Republic of Panama</td><td>971</td><td>-</td><td>52</td><td>880</td><td>19</td><td>20</td><td>279</td><td>-</td><td>22</td><td>255</td><td>1</td><td>1</td></tr><tr><td>El Salvador</td><td>21</td><td>-</td><td>-</td><td>19</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>2,191</td><td>481</td><td>260</td><td>1,063</td><td>296</td><td>91</td><td>1,662</td><td>504</td><td>42</td><td>661</td><td>400</td><td>55</td></tr><tr><td>Venezuela</td><td>908</td><td>52</td><td>81</td><td>586</td><td>73</td><td>116</td><td>726</td><td>-</td><td>-</td><td>680</td><td>30</td><td>16</td></tr><tr><td>Other Latin America</td><td>477</td><td>-</td><td>53</td><td>320</td><td>64</td><td>40</td><td>482</td><td>44</td><td>-</td><td>392</td><td>40</td><td>6</td></tr><tr><td>Total Latin America</td><td>10,566</td><td>853</td><td>849</td><td>5,322</td><td>2,877</td><td>665</td><td>6,820</td><td>718</td><td>185</td><td>3,791</td><td>1,608</td><td>518</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>101</td><td>-</td><td>-</td><td>61</td><td>33</td><td>7</td><td>12</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>85</td><td>-</td><td>-</td><td>85</td><td>-</td><td>-</td><td>39</td><td>-</td><td>-</td><td>39</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>893</td><td>18</td><td>114</td><td>445</td><td>294</td><td>22</td><td>717</td><td>-</td><td>21</td><td>619</td><td>67</td><td>10</td></tr><tr><td>India</td><td>8</td><td>-</td><td>-</td><td>5</td><td>-</td><td>3</td><td>4</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>27</td><td>-</td><td>-</td><td>15</td><td>12</td><td>-</td><td>17</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>21</td><td>-</td><td>-</td><td>17</td><td>4</td><td>-</td><td>1,478</td><td>-</td><td>-</td><td>2</td><td>1,476</td><td>-</td></tr><tr><td>Japan</td><td>208</td><td>1</td><td>-</td><td>86</td><td>119</td><td>2</td><td>8</td><td>-</td><td>-</td><td>7</td><td>1</td><td>-</td></tr><tr><td>Philippines</td><td>13</td><td>-</td><td>-</td><td>11</td><td>1</td><td>1</td><td>24</td><td>12</td><td>-</td><td>12</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>736</td><td>-</td><td>-</td><td>45</td><td>691</td><td>-</td><td>17</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td></tr><tr><td>Turkey</td><td>10</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>38</td><td>-</td><td>-</td><td>28</td><td>10</td><td>-</td></tr><tr><td>Other Asia</td><td>426</td><td>9</td><td>49</td><td>352</td><td>12</td><td>4</td><td>38</td><td>-</td><td>-</td><td>38</td><td>-</td><td>-</td></tr><tr><td>Total Asia</td><td>2,529</td><td>28</td><td>163</td><td>1,123</td><td>1,176</td><td>39</td><td>2,392</td><td>12</td><td>21</td><td>778</td><td>1,571</td><td>10</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>1,220</td><td>-</td><td>29</td><td>54</td><td>1,130</td><td>7</td><td>31</td><td>-</td><td>-</td><td>20</td><td>-</td><td>11</td></tr><tr><td>Belgian Congo</td><td>7</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>22</td><td>-</td><td>-</td><td>18</td><td>-</td><td>4</td><td>38</td><td>-</td><td>-</td><td>38</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>90</td><td>-</td><td>-</td><td>85</td><td>5</td><td>-</td><td>52</td><td>-</td><td>3</td><td>48</td><td>-</td><td>1</td></tr><tr><td>Other</td><td>872</td><td>-</td><td>53</td><td>506</td><td>153</td><td>160</td><td>1,048</td><td>20</td><td>162</td><td>803</td><td>57</td><td>6</td></tr><tr><td>Total other countries</td><td>2,211</td><td>-</td><td>82</td><td>670</td><td>1,288</td><td>171</td><td>1,169</td><td>20</td><td>165</td><td>909</td><td>57</td><td>18</td></tr><tr><td>International</td><td>1,251</td><td>14</td><td>323</td><td>526</td><td>388</td><td>-</td><td>5,759</td><td>5,000</td><td>-</td><td>68</td><td>691</td><td>-</td></tr><tr><td>Grand total</td><td>118,312</td><td>30,065</td><td>8,118</td><td>41,542</td><td>20,005</td><td>18,582</td><td>112,942</td><td>29,289</td><td>9,529</td><td>37,722</td><td>17,935</td><td>18,467</td></tr></table>
January 1954
53
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of October 1953
Table 1.- Short-Term Claims on Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term claims</th><th colspan="4">Short-term claims payable in dollars</th><th colspan="4">Short-term claims payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Loans to: Foreign banks and official institutions</th><th>Others</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>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><td></td></tr><tr><td>Austria</td><td>144</td><td>134</td><td>103</td><td>2</td><td>29</td><td>-</td><td>10</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Belgium</td><td>11,021</td><td>10,677</td><td>1,032</td><td>85</td><td>4,313</td><td>5,247</td><td>344</td><td>343</td><td>-</td><td>1</td></tr><tr><td>Czechoslovakia</td><td>5</td><td>5</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>5,736</td><td>5,676</td><td>96</td><td>1</td><td>175</td><td>5,404</td><td>60</td><td>54</td><td>6</td><td>-</td></tr><tr><td>Finland</td><td>2,675</td><td>2,674</td><td>37</td><td>117</td><td>131</td><td>2,389</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>France</td><td>9,768</td><td>7,950</td><td>1,797</td><td>3,710</td><td>379</td><td>1,864</td><td>1,818</td><td>573</td><td>19</td><td>1,226</td></tr><tr><td>Germany</td><td>35,658</td><td>32,623</td><td>13,296</td><td>4,001</td><td>3,437</td><td>11,889</td><td>3,035</td><td>3,012</td><td>23</td><td>-</td></tr><tr><td>Greece</td><td>471</td><td>471</td><td>19</td><td>35</td><td>417</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>19,990</td><td>19,650</td><td>2,042</td><td>10,754</td><td>2,813</td><td>4,041</td><td>340</td><td>226</td><td>13</td><td>101</td></tr><tr><td>Netherlands</td><td>9,061</td><td>8,421</td><td>448</td><td>158</td><td>5,486</td><td>2,329</td><td>640</td><td>634</td><td>6</td><td>-</td></tr><tr><td>Norway</td><td>893</td><td>784</td><td>8</td><td>35</td><td>477</td><td>264</td><td>109</td><td>109</td><td>-</td><td>-</td></tr><tr><td>Poland</td><td>33</td><td>33</td><td>-</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>434</td><td>362</td><td>6</td><td>15</td><td>334</td><td>7</td><td>72</td><td>72</td><td>-</td><td>-</td></tr><tr><td>Romania</td><td>18</td><td>11</td><td>-</td><td>9</td><td>2</td><td>-</td><td>7</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>22,620</td><td>20,905</td><td>404</td><td>190</td><td>336</td><td>19,975</td><td>1,715</td><td>1,696</td><td>19</td><td>-</td></tr><tr><td>Sweden</td><td>1,698</td><td>1,444</td><td>81</td><td>62</td><td>871</td><td>427</td><td>254</td><td>240</td><td>14</td><td>-</td></tr><tr><td>Switzerland</td><td>15,360</td><td>9,744</td><td>1,369</td><td>5,902</td><td>2,328</td><td>145</td><td>5,616</td><td>5,548</td><td>15</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>39,499</td><td>8,883</td><td>1,319</td><td>2,983</td><td>3,775</td><td>746</td><td>30,676</td><td>29,161</td><td>1,220</td><td>295</td></tr><tr><td>Yugoslavia</td><td>5,319</td><td>5,316</td><td>5,247</td><td>9</td><td>60</td><td>-</td><td>3</td><td>2</td><td>1</td><td>-</td></tr><tr><td>Other Europe</td><td>7,087</td><td>6,801</td><td>724</td><td>4,368</td><td>1,065</td><td>644</td><td>286</td><td>279</td><td>7</td><td>-</td></tr><tr><td>Total Europe</td><td>187,490</td><td>142,504</td><td>28,031</td><td>32,436</td><td>26,666</td><td>55,371</td><td>44,986</td><td>41,967</td><td>1,343</td><td>1,676</td></tr><tr><td>Canada</td><td>80,707</td><td>46,497</td><td>5,807</td><td>25,162</td><td>5,336</td><td>10,192</td><td>34,210</td><td>30,246</td><td>1,316</td><td>2,648</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>6,980</td><td>6,940</td><td>635</td><td>1,236</td><td>5,069</td><td>-</td><td>40</td><td>39</td><td>1</td><td>-</td></tr><tr><td>Bolivia</td><td>11,891</td><td>11,891</td><td>10,113</td><td>19</td><td>1,737</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>204,560</td><td>204,466</td><td>18,329</td><td>16,335</td><td>114,713</td><td>55,089</td><td>94</td><td>16</td><td>38</td><td>40</td></tr><tr><td>Chile</td><td>6,067</td><td>6,064</td><td>52</td><td>984</td><td>4,483</td><td>545</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>47,054</td><td>47,017</td><td>6,026</td><td>4,616</td><td>20,007</td><td>16,368</td><td>37</td><td>3</td><td>-</td><td>34</td></tr><tr><td>Cuba</td><td>41,761</td><td>41,404</td><td>15,264</td><td>2,649</td><td>9,949</td><td>13,542</td><td>357</td><td>327</td><td>13</td><td>17</td></tr><tr><td>Dominican Republic</td><td>1,728</td><td>1,728</td><td>-</td><td>249</td><td>1,479</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>4,190</td><td>4,190</td><td>1,423</td><td>72</td><td>2,463</td><td>232</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>86,337</td><td>83,958</td><td>19,215</td><td>19,700</td><td>8,361</td><td>36,652</td><td>2,379</td><td>1,311</td><td>53</td><td>1,015</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>3,027</td><td>2,886</td><td>8</td><td>1,538</td><td>1,340</td><td>-</td><td>141</td><td>141</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>17,733</td><td>17,635</td><td>143</td><td>442</td><td>10,009</td><td>7,041</td><td>98</td><td>71</td><td>27</td><td>-</td></tr><tr><td>Republic of Panama</td><td>4,853</td><td>4,852</td><td>-</td><td>2,232</td><td>1,671</td><td>949</td><td>1</td><td>-</td><td>1</td><td>-</td></tr><tr><td>El Salvador</td><td>5,958</td><td>5,958</td><td>44</td><td>588</td><td>1,769</td><td>3,257</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,805</td><td>3,530</td><td>1,006</td><td>874</td><td>1,369</td><td>281</td><td>275</td><td>155</td><td>-</td><td>120</td></tr><tr><td>Venezuela</td><td>39,239</td><td>37,798</td><td>4,802</td><td>6,553</td><td>21,337</td><td>5,106</td><td>1,441</td><td>306</td><td>18</td><td>1,117</td></tr><tr><td>Other Latin America</td><td>18,221</td><td>18,187</td><td>892</td><td>2,447</td><td>13,154</td><td>1,694</td><td>34</td><td>33</td><td>1</td><td>-</td></tr><tr><td>Total Latin America</td><td>503,404</td><td>498,504</td><td>77,982</td><td>60,534</td><td>218,910</td><td>141,078</td><td>4,900</td><td>2,405</td><td>152</td><td>2,343</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>3,075</td><td>3,071</td><td>3,063</td><td>-</td><td>8</td><td>-</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,415</td><td>5,415</td><td>5,406</td><td>9</td><td>1,580</td><td>-</td><td>126</td><td>126</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>2,609</td><td>2,483</td><td>461</td><td>442</td><td>1,580</td><td>-</td><td>247</td><td>241</td><td>6</td><td>-</td></tr><tr><td>India</td><td>3,430</td><td>3,183</td><td>481</td><td>1</td><td>2,701</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>576</td><td>576</td><td>3</td><td>-</td><td>573</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>14,170</td><td>14,167</td><td>1,279</td><td>181</td><td>12,707</td><td>-</td><td>3</td><td>1</td><td>3</td><td>-</td></tr><tr><td>Israel</td><td>25,877</td><td>25,876</td><td>10,320</td><td>1,529</td><td>2,590</td><td>11,437</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>17,739</td><td>17,734</td><td>4,961</td><td>6,137</td><td>5,961</td><td>675</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>5,457</td><td>5,403</td><td>2,479</td><td>238</td><td>2,686</td><td>-</td><td>54</td><td>36</td><td>18</td><td>-</td></tr><tr><td>Thailand</td><td>6,239</td><td>6,232</td><td>2,231</td><td>2,353</td><td>1,648</td><td>-</td><td>7</td><td>-</td><td>7</td><td>-</td></tr><tr><td>Turkey</td><td>7,687</td><td>7,682</td><td>7,163</td><td>16</td><td>503</td><td>-</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>19,739</td><td>19,698</td><td>15,230</td><td>627</td><td>3,808</td><td>33</td><td>41</td><td>41</td><td>-</td><td>-</td></tr><tr><td>Total Asia</td><td>112,013</td><td>111,520</td><td>53,077</td><td>11,533</td><td>34,765</td><td>12,145</td><td>493</td><td>459</td><td>34</td><td>-</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>5,803</td><td>4,864</td><td>106</td><td>45</td><td>2,054</td><td>2,659</td><td>939</td><td>638</td><td>52</td><td>249</td></tr><tr><td>Belgian Congo</td><td>5,720</td><td>5,702</td><td>22</td><td>26</td><td>4,925</td><td>729</td><td>18</td><td>18</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>240</td><td>229</td><td>125</td><td>-</td><td>82</td><td>22</td><td>11</td><td>10</td><td>1</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,737</td><td>2,423</td><td>-</td><td>38</td><td>2,165</td><td>220</td><td>314</td><td>309</td><td>5</td><td>-</td></tr><tr><td>Other</td><td>7,816</td><td>7,700</td><td>4,010</td><td>524</td><td>2,960</td><td>206</td><td>116</td><td>89</td><td>27</td><td>-</td></tr><tr><td>Total other countries</td><td>22,316</td><td>20,918</td><td>4,263</td><td>633</td><td>12,186</td><td>3,836</td><td>1,398</td><td>1,064</td><td>85</td><td>249</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>905,930</td><td>819,943</td><td>169,160</td><td>130,298</td><td>297,863</td><td>222,622</td><td>85,987</td><td>76,141</td><td>2,930</td><td>6,916</td></tr></table>
54
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of October 1953
Table 2.- Short-Term Liabilities to Foreigners
(Position at end of month in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="3">To foreign banks and official institutions</th><th colspan="3">To all other foreigners</th><th colspan="3">Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>To foreign banks and official institutions</th><th>To others</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>169,944</td><td>168,166</td><td>111,877</td><td>3,200</td><td>53,089</td><td>1,778</td><td>1,186</td><td>-</td><td>592</td><td>-</td><td>-</td><td>77</td></tr><tr><td>Belgium</td><td>118,206</td><td>64,336</td><td>34,097</td><td>2,668</td><td>27,571</td><td>53,777</td><td>39,653</td><td>3,106</td><td>11,018</td><td>93</td><td>86</td><td>7</td></tr><tr><td>Czechoslovakia</td><td>544</td><td>171</td><td>171</td><td>-</td><td>-</td><td>373</td><td>373</td><td>-</td><td>-</td><td>17</td><td>17</td><td>-</td></tr><tr><td>Denmark</td><td>88,050</td><td>77,535</td><td>32,963</td><td>44,125</td><td>447</td><td>10,498</td><td>8,132</td><td>916</td><td>1,450</td><td>17</td><td>17</td><td>-</td></tr><tr><td>Finland</td><td>33,451</td><td>30,654</td><td>25,440</td><td>-</td><td>5,214</td><td>2,797</td><td>2,791</td><td>6</td><td>-</td><td>-</td><td>-</td><td>16</td></tr><tr><td>France</td><td>425,643</td><td>361,173</td><td>157,539</td><td>189,211</td><td>14,423</td><td>62,331</td><td>55,604</td><td>3,993</td><td>2,734</td><td>2,139</td><td>2,123</td><td>14</td></tr><tr><td>Germany</td><td>827,151</td><td>823,972</td><td>278,741</td><td>405,000</td><td>60,231</td><td>3,050</td><td>3,007</td><td>35</td><td>8</td><td>129</td><td>115</td><td>14</td></tr><tr><td>Greece</td><td>85,116</td><td>76,479</td><td>48,190</td><td>28,000</td><td>289</td><td>8,464</td><td>7,065</td><td>1,275</td><td>124</td><td>173</td><td>173</td><td>-</td></tr><tr><td>Italy</td><td>390,825</td><td>360,643</td><td>125,529</td><td>199,226</td><td>35,888</td><td>30,164</td><td>19,838</td><td>9,855</td><td>471</td><td>18</td><td>18</td><td>-</td></tr><tr><td>Netherlands</td><td>241,236</td><td>212,643</td><td>82,596</td><td>119,888</td><td>10,159</td><td>28,586</td><td>24,538</td><td>3,952</td><td>96</td><td>7</td><td>5</td><td>2</td></tr><tr><td>Norway</td><td>115,672</td><td>86,388</td><td>25,382</td><td>59,379</td><td>1,627</td><td>29,271</td><td>23,401</td><td>2,638</td><td>3,232</td><td>13</td><td>13</td><td>-</td></tr><tr><td>Poland</td><td>2,182</td><td>1,811</td><td>1,796</td><td>15</td><td>1,020</td><td>371</td><td>369</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>70,045</td><td>47,195</td><td>46,127</td><td>48</td><td>1,020</td><td>22,850</td><td>22,579</td><td>3</td><td>268</td><td>-</td><td>-</td><td>9</td></tr><tr><td>Rumania</td><td>5,750</td><td>4,361</td><td>4,361</td><td>-</td><td>-</td><td>1,380</td><td>1,380</td><td>-</td><td>-</td><td>9</td><td>-</td><td>9</td></tr><tr><td>Spain</td><td>32,666</td><td>22,182</td><td>21,832</td><td>-</td><td>350</td><td>10,131</td><td>9,961</td><td>164</td><td>6</td><td>353</td><td>353</td><td>-</td></tr><tr><td>Sweden</td><td>96,033</td><td>87,953</td><td>39,129</td><td>23,450</td><td>25,374</td><td>8,012</td><td>7,377</td><td>635</td><td>16,165</td><td>68</td><td>68</td><td>42</td></tr><tr><td>Switzerland</td><td>665,028</td><td>536,920</td><td>265,909</td><td>112,846</td><td>158,165</td><td>125,302</td><td>96,762</td><td>12,375</td><td>16,165</td><td>2,806</td><td>2,764</td><td>-</td></tr><tr><td>U. S. S. R.</td><td>2,029</td><td>1,700</td><td>1,691</td><td>9</td><td>2,797</td><td>329</td><td>329</td><td>-</td><td>-</td><td>68</td><td>68</td><td>-</td></tr><tr><td>United Kingdom</td><td>916,304</td><td>605,156</td><td>321,745</td><td>273,094</td><td>10,317</td><td>287,652</td><td>150,901</td><td>136,320</td><td>431</td><td>23,496</td><td>23,327</td><td>169</td></tr><tr><td>Yugoslavia</td><td>9,031</td><td>8,250</td><td>5,653</td><td>-</td><td>2,597</td><td>735</td><td>735</td><td>-</td><td>-</td><td>46</td><td>46</td><td>-</td></tr><tr><td>Other Europe</td><td>51,953</td><td>39,753</td><td>31,174</td><td>7,467</td><td>1,112</td><td>12,143</td><td>10,773</td><td>1,305</td><td>65</td><td>57</td><td>57</td><td>-</td></tr><tr><td>Total Europe</td><td>4,346,859</td><td>3,617,441</td><td>1,661,942</td><td>1,547,602</td><td>407,897</td><td>699,994</td><td>486,754</td><td>176,578</td><td>36,662</td><td>29,424</td><td>29,165</td><td>259</td></tr><tr><td>Canada</td><td>1,205,652</td><td>953,392</td><td>295,125</td><td>641,604</td><td>16,663</td><td>245,970</td><td>192,980</td><td>50,188</td><td>2,802</td><td>6,290</td><td>5,898</td><td>392</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>143,124</td><td>100,049</td><td>97,857</td><td>459</td><td>1,733</td><td>43,042</td><td>42,156</td><td>135</td><td>751</td><td>33</td><td>21</td><td>12</td></tr><tr><td>Bolivia</td><td>19,932</td><td>7,154</td><td>6,511</td><td>-</td><td>643</td><td>12,778</td><td>12,732</td><td>43</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>110,010</td><td>64,984</td><td>46,492</td><td>-</td><td>18,492</td><td>44,985</td><td>44,657</td><td>20</td><td>308</td><td>41</td><td>41</td><td>-</td></tr><tr><td>Chile</td><td>85,986</td><td>53,375</td><td>53,336</td><td>-</td><td>39</td><td>32,611</td><td>32,449</td><td>146</td><td>16</td><td>12</td><td>5</td><td>7</td></tr><tr><td>Colombia</td><td>116,215</td><td>84,493</td><td>84,118</td><td>-</td><td>375</td><td>31,710</td><td>31,400</td><td>294</td><td>16</td><td>12</td><td>5</td><td>7</td></tr><tr><td>Cuba</td><td>383,327</td><td>314,860</td><td>137,795</td><td>175,100</td><td>1,965</td><td>68,428</td><td>66,169</td><td>1,476</td><td>783</td><td>39</td><td>-</td><td>39</td></tr><tr><td>Dominican Republic</td><td>41,938</td><td>21,422</td><td>21,218</td><td>-</td><td>204</td><td>20,516</td><td>16,461</td><td>45</td><td>4,010</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>32,690</td><td>14,710</td><td>14,501</td><td>-</td><td>209</td><td>17,980</td><td>17,765</td><td>215</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>181,148</td><td>89,984</td><td>89,059</td><td>-</td><td>925</td><td>90,838</td><td>85,343</td><td>5,453</td><td>42</td><td>326</td><td>116</td><td>210</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>48,969</td><td>39,782</td><td>20,612</td><td>15,855</td><td>3,315</td><td>9,187</td><td>9,020</td><td>90</td><td>77</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>68,178</td><td>28,856</td><td>28,669</td><td>-</td><td>187</td><td>39,322</td><td>35,000</td><td>145</td><td>4,177</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Republic of Panama</td><td>79,309</td><td>35,670</td><td>35,415</td><td>-</td><td>255</td><td>43,442</td><td>30,319</td><td>7,395</td><td>5,728</td><td>197</td><td>-</td><td>197</td></tr><tr><td>El Salvador</td><td>26,718</td><td>17,666</td><td>4,847</td><td>12,800</td><td>19</td><td>11,037</td><td>11,028</td><td>9</td><td>15</td><td>15</td><td>-</td><td>15</td></tr><tr><td>Uruguay</td><td>93,490</td><td>40,020</td><td>30,962</td><td>400</td><td>8,658</td><td>53,450</td><td>45,647</td><td>200</td><td>7,603</td><td>20</td><td>12</td><td>8</td></tr><tr><td>Venezuela</td><td>173,142</td><td>112,598</td><td>109,898</td><td>-</td><td>2,700</td><td>59,400</td><td>54,181</td><td>5,035</td><td>184</td><td>1,144</td><td>1,121</td><td>23</td></tr><tr><td>Other Latin America</td><td>124,658</td><td>86,149</td><td>59,443</td><td>12,852</td><td>13,854</td><td>38,101</td><td>33,234</td><td>4,810</td><td>57</td><td>408</td><td>408</td><td>-</td></tr><tr><td>Total Latin America</td><td>1,730,834</td><td>1,111,772</td><td>840,733</td><td>217,466</td><td>53,573</td><td>616,827</td><td>567,561</td><td>25,511</td><td>23,755</td><td>2,235</td><td>1,724</td><td>511</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>36,846</td><td>28,684</td><td>28,087</td><td>342</td><td>255</td><td>8,162</td><td>8,160</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>40,280</td><td>35,196</td><td>32,190</td><td>3,005</td><td>1</td><td>5,084</td><td>5,080</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>67,938</td><td>26,568</td><td>25,937</td><td>250</td><td>381</td><td>41,296</td><td>39,851</td><td>732</td><td>713</td><td>74</td><td>74</td><td>-</td></tr><tr><td>India</td><td>95,289</td><td>91,544</td><td>52,828</td><td>36,920</td><td>1,796</td><td>3,475</td><td>3,472</td><td>3</td><td>270</td><td>270</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>34,729</td><td>33,548</td><td>27,305</td><td>5,660</td><td>583</td><td>1,181</td><td>1,181</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>47,419</td><td>37,089</td><td>36,907</td><td>-</td><td>182</td><td>10,330</td><td>10,330</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Irael</td><td>18,278</td><td>15,416</td><td>15,360</td><td>31</td><td>25</td><td>2,862</td><td>2,862</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>912,032</td><td>895,075</td><td>858,598</td><td>32,121</td><td>4,356</td><td>16,945</td><td>16,938</td><td>7</td><td>12</td><td>12</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>303,259</td><td>283,254</td><td>267,865</td><td>5,000</td><td>10,389</td><td>19,960</td><td>19,475</td><td>485</td><td>45</td><td>45</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>187,145</td><td>184,348</td><td>12,924</td><td>171,227</td><td>297</td><td>2,797</td><td>2,797</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>16,655</td><td>12,913</td><td>12,774</td><td>-</td><td>139</td><td>3,742</td><td>3,740</td><td>-</td><td>2</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>241,024</td><td>234,765</td><td>141,070</td><td>56,474</td><td>7,221</td><td>36,072</td><td>34,694</td><td>263</td><td>1,115</td><td>187</td><td>186</td><td>1</td></tr><tr><td>Total Asia</td><td>2,000,894</td><td>1,848,400</td><td>1,511,745</td><td>311,030</td><td>25,625</td><td>151,906</td><td>148,580</td><td>1,485</td><td>1,841</td><td>588</td><td>587</td><td>1</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>61,181</td><td>55,709</td><td>19,519</td><td>34,050</td><td>2,140</td><td>2,795</td><td>2,788</td><td>-</td><td>7</td><td>2,677</td><td>2,677</td><td>-</td></tr><tr><td>Belgian Congo</td><td>110,558</td><td>109,234</td><td>15,020</td><td>75,290</td><td>18,924</td><td>1,120</td><td>744</td><td>2</td><td>374</td><td>204</td><td>204</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>44,704</td><td>41,809</td><td>27,686</td><td>14,000</td><td>123</td><td>2,895</td><td>2,864</td><td>30</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>44,707</td><td>41,605</td><td>14,002</td><td>27,400</td><td>203</td><td>2,810</td><td>2,801</td><td>6</td><td>3</td><td>292</td><td>260</td><td>32</td></tr><tr><td>Other</td><td>90,102</td><td>67,554</td><td>56,170</td><td>2,170</td><td>9,214</td><td>22,032</td><td>19,378</td><td>641</td><td>2,023</td><td>516</td><td>516</td><td>32</td></tr><tr><td>Total other countries</td><td>351,252</td><td>315,911</td><td>132,397</td><td>152,910</td><td>30,604</td><td>31,652</td><td>28,575</td><td>679</td><td>2,398</td><td>3,689</td><td>3,657</td><td>32</td></tr><tr><td>International</td><td>1,888,433</td><td>1,888,433</td><td>100,750</td><td>1,740,497</td><td>47,186</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>11,523,924</td><td>9,735,349</td><td>4,542,692</td><td>4,611,109</td><td>581,548</td><td>1,746,349</td><td>1,424,450</td><td>254,441</td><td>67,458</td><td>42,226</td><td>41,031</td><td>1,195</td></tr></table>
January 1954
55
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of October 1953
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th></th><th>Total purchases</th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>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>4,026</td><td>2,000</td><td>10</td><td>3</td><td>2,013</td><td>-</td><td>27</td><td>13</td><td>10</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Belgium</td><td>4,153</td><td>1,378</td><td>120</td><td>491</td><td>1,637</td><td>527</td><td>3,235</td><td>1,292</td><td>245</td><td>528</td><td>1,065</td><td>105</td></tr><tr><td>Czechoslovakia</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>734</td><td>337</td><td>3</td><td>68</td><td>294</td><td>32</td><td>87</td><td>1</td><td>-</td><td>82</td><td>4</td><td>-</td></tr><tr><td>Finland</td><td>68</td><td>-</td><td>-</td><td>43</td><td>21</td><td>4</td><td>48</td><td>8</td><td>-</td><td>36</td><td>-</td><td>4</td></tr><tr><td>France</td><td>3,364</td><td>337</td><td>122</td><td>1,681</td><td>288</td><td>936</td><td>3,116</td><td>398</td><td>153</td><td>1,292</td><td>548</td><td>729</td></tr><tr><td>Germany</td><td>155</td><td>-</td><td>13</td><td>12</td><td>2</td><td>128</td><td>72</td><td>-</td><td>11</td><td>19</td><td>16</td><td>26</td></tr><tr><td>Greece</td><td>18</td><td>-</td><td>-</td><td>18</td><td>-</td><td>-</td><td>23</td><td>9</td><td>6</td><td>6</td><td>2</td><td>-</td></tr><tr><td>Italy</td><td>2,561</td><td>-</td><td>53</td><td>387</td><td>2,098</td><td>23</td><td>651</td><td>17</td><td>7</td><td>425</td><td>161</td><td>41</td></tr><tr><td>Netherlands</td><td>8,631</td><td>129</td><td>499</td><td>1,161</td><td>5,597</td><td>1,245</td><td>6,152</td><td>171</td><td>854</td><td>3,478</td><td>518</td><td>1,128</td></tr><tr><td>Norway</td><td>359</td><td>17</td><td>37</td><td>159</td><td>109</td><td>37</td><td>450</td><td>2</td><td>48</td><td>308</td><td>66</td><td>26</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>-</td></tr><tr><td>Portugal</td><td>222</td><td>-</td><td>-</td><td>16</td><td>149</td><td>57</td><td>74</td><td>-</td><td>-</td><td>10</td><td>61</td><td>3</td></tr><tr><td>Romania</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>121</td><td>6</td><td>26</td><td>77</td><td>12</td><td>-</td><td>80</td><td>-</td><td>-</td><td>55</td><td>20</td><td>5</td></tr><tr><td>Sweden</td><td>2,439</td><td>100</td><td>75</td><td>1,011</td><td>1,189</td><td>64</td><td>2,202</td><td>842</td><td>365</td><td>820</td><td>170</td><td>5</td></tr><tr><td>Switzerland</td><td>34,324</td><td>365</td><td>4,641</td><td>11,242</td><td>16,312</td><td>1,764</td><td>17,386</td><td>1,762</td><td>3,372</td><td>9,875</td><td>1,445</td><td>932</td></tr><tr><td>U.S. S. R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>29,969</td><td>6,707</td><td>2,378</td><td>10,237</td><td>8,629</td><td>2,018</td><td>19,908</td><td>8,982</td><td>1,998</td><td>4,120</td><td>4,023</td><td>785</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>1,124</td><td>8</td><td>428</td><td>334</td><td>326</td><td>28</td><td>413</td><td>-</td><td>66</td><td>332</td><td>13</td><td>2</td></tr><tr><td>Total Europe</td><td>92,285</td><td>11,334</td><td>8,406</td><td>26,940</td><td>38,676</td><td>6,879</td><td>53,924</td><td>13,500</td><td>7,135</td><td>21,390</td><td>8,112</td><td>3,787</td></tr><tr><td>Canada</td><td>42,304</td><td>692</td><td>4,691</td><td>5,428</td><td>16,528</td><td>14,965</td><td>57,702</td><td>4,780</td><td>10,580</td><td>6,360</td><td>22,080</td><td>13,902</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>308</td><td>19</td><td>4</td><td>124</td><td>142</td><td>19</td><td>141</td><td>-</td><td>-</td><td>99</td><td>42</td><td>-</td></tr><tr><td>Bolivia</td><td>97</td><td>-</td><td>-</td><td>83</td><td>14</td><td>-</td><td>51</td><td>-</td><td>11</td><td>33</td><td>3</td><td>4</td></tr><tr><td>Brazil</td><td>1,176</td><td>27</td><td>15</td><td>416</td><td>685</td><td>33</td><td>274</td><td>-</td><td>46</td><td>160</td><td>58</td><td>10</td></tr><tr><td>Chile</td><td>575</td><td>142</td><td>9</td><td>219</td><td>148</td><td>57</td><td>199</td><td>-</td><td>-</td><td>128</td><td>49</td><td>22</td></tr><tr><td>Columbia</td><td>109</td><td>-</td><td>-</td><td>38</td><td>64</td><td>7</td><td>86</td><td>-</td><td>-</td><td>86</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>13,239</td><td>11,475</td><td>469</td><td>620</td><td>607</td><td>68</td><td>896</td><td>352</td><td>86</td><td>408</td><td>38</td><td>12</td></tr><tr><td>Dominican Republic</td><td>57</td><td>-</td><td>-</td><td>4</td><td>43</td><td>10</td><td>108</td><td>-</td><td>-</td><td>22</td><td>86</td><td>-</td></tr><tr><td>Guatemala</td><td>63</td><td>-</td><td>27</td><td>27</td><td>9</td><td>-</td><td>22</td><td>-</td><td>-</td><td>20</td><td>-</td><td>2</td></tr><tr><td>Mexico</td><td>2,951</td><td>26</td><td>7</td><td>583</td><td>2,192</td><td>143</td><td>1,446</td><td>6</td><td>26</td><td>1,317</td><td>45</td><td>52</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>149</td><td>-</td><td>50</td><td>16</td><td>78</td><td>5</td><td>119</td><td>-</td><td>1</td><td>51</td><td>3</td><td>64</td></tr><tr><td>Peru</td><td>77</td><td>-</td><td>-</td><td>63</td><td>5</td><td>9</td><td>41</td><td>-</td><td>-</td><td>22</td><td>-</td><td>19</td></tr><tr><td>Republic of Panama</td><td>1,349</td><td>52</td><td>24</td><td>668</td><td>186</td><td>419</td><td>944</td><td>527</td><td>-</td><td>324</td><td>9</td><td>84</td></tr><tr><td>El Salvador</td><td>1,073</td><td>-</td><td>-</td><td>71</td><td>1,002</td><td>-</td><td>86</td><td>-</td><td>17</td><td>61</td><td>8</td><td>-</td></tr><tr><td>Uruguay</td><td>1,352</td><td>-</td><td>181</td><td>779</td><td>335</td><td>57</td><td>1,567</td><td>11</td><td>179</td><td>698</td><td>546</td><td>133</td></tr><tr><td>Venezuela</td><td>1,281</td><td>211</td><td>1</td><td>834</td><td>66</td><td>169</td><td>1,167</td><td>2</td><td>-</td><td>788</td><td>167</td><td>210</td></tr><tr><td>Other Latin America</td><td>4,592</td><td>-</td><td>110</td><td>101</td><td>4,362</td><td>19</td><td>221</td><td>-</td><td>36</td><td>166</td><td>19</td><td>-</td></tr><tr><td>Total Latin America</td><td>28,448</td><td>11,952</td><td>897</td><td>4,646</td><td>9,938</td><td>1,015</td><td>7,368</td><td>898</td><td>402</td><td>4,383</td><td>1,073</td><td>612</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>20</td><td>-</td><td>-</td><td>18</td><td>1</td><td>1</td><td>24</td><td>2</td><td>-</td><td>7</td><td>15</td><td>-</td></tr><tr><td>Formosa</td><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>Hong Kong</td><td>852</td><td>15</td><td>-</td><td>627</td><td>182</td><td>28</td><td>716</td><td>-</td><td>-</td><td>652</td><td>43</td><td>21</td></tr><tr><td>India</td><td>17</td><td>-</td><td>-</td><td>13</td><td>4</td><td>-</td><td>13</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>1</td><td>5</td><td>-</td></tr><tr><td>Iran</td><td>11</td><td>-</td><td>-</td><td>5</td><td>6</td><td>-</td><td>11</td><td>5</td><td>1</td><td>3</td><td>-</td><td>2</td></tr><tr><td>Israel</td><td>7</td><td>-</td><td>-</td><td>3</td><td>4</td><td>-</td><td>3,125</td><td>-</td><td>-</td><td>-</td><td>3,125</td><td>1</td></tr><tr><td>Japan</td><td>2,142</td><td>-</td><td>-</td><td>17</td><td>2,125</td><td>-</td><td>13</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>83</td><td>-</td><td>-</td><td>36</td><td>47</td><td>-</td><td>121</td><td>74</td><td>-</td><td>19</td><td>18</td><td>10</td></tr><tr><td>Thailand</td><td>1,444</td><td>-</td><td>-</td><td>5</td><td>1,439</td><td>-</td><td>1,444</td><td>-</td><td>-</td><td>-</td><td>1,444</td><td>-</td></tr><tr><td>Turkey</td><td>24</td><td>-</td><td>-</td><td>8</td><td>16</td><td>-</td><td>42</td><td>-</td><td>-</td><td>21</td><td>21</td><td>-</td></tr><tr><td>Other Asia</td><td>291</td><td>29</td><td>-</td><td>257</td><td>5</td><td>-</td><td>171</td><td>-</td><td>-</td><td>171</td><td>-</td><td>-</td></tr><tr><td>Total Asia</td><td>4,894</td><td>44</td><td>-</td><td>992</td><td>3,829</td><td>29</td><td>5,686</td><td>81</td><td>1</td><td>899</td><td>4,671</td><td>34</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>2,720</td><td>-</td><td>2</td><td>7</td><td>2,711</td><td>-</td><td>7</td><td>-</td><td>3</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Belgian Congo</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>6</td><td>-</td><td>5</td><td>1</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,017</td><td>-</td><td>-</td><td>21</td><td>1,995</td><td>1</td><td>50</td><td>-</td><td>5</td><td>15</td><td>28</td><td>2</td></tr><tr><td>Other</td><td>5,849</td><td>4,983</td><td>153</td><td>472</td><td>1,995</td><td>173</td><td>2,027</td><td>400</td><td>66</td><td>493</td><td>1,012</td><td>56</td></tr><tr><td>Total other countries</td><td>10,594</td><td>4,983</td><td>160</td><td>503</td><td>4,774</td><td>174</td><td>2,092</td><td>400</td><td>74</td><td>518</td><td>1,042</td><td>58</td></tr><tr><td>International</td><td>1,993</td><td>313</td><td>314</td><td>291</td><td>1,075</td><td>-</td><td>83,278</td><td>9,100</td><td>-</td><td>22</td><td>74,156</td><td>-</td></tr><tr><td>Grand total</td><td>180,518</td><td>29,368</td><td>14,468</td><td>38,800</td><td>74,820</td><td>23,062</td><td>210,050</td><td>28,759</td><td>18,192</td><td>33,572</td><td>111,134</td><td>18,393</td></tr></table>
56
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Financial statements of corporations in which the United States Government has a proprietary interest, direct or indirect, and of certain other business-type activities of the United States Government are submitted quarterly to the Treasury Department, in accordance with Budget-Treasury Regulation No. 3, issued under Executive Order No. 8512 of August 13, 1940, as amended by Executive Order No. 9084 of March 3, 1942. Data from these reports, adjusted for consistency where necessary, are compiled in a series of tables covering balance sheets, statements of income and expense, and statements of source
and application of funds, which are published in the "Treasury Bulletin".
The balance sheet tables for September 30, 1953, appear in this issue. They are published for each quarter. The tables on income and expense and source and application of funds are published at six-month intervals, and cover the periods ending June 30 and December 31. They appear in each case in a Bulletin issue subsequent to that carrying the corresponding balance sheet data.
Table 1.- Summary of Balance Sheets of Corporations and Certain Other Business-Type Activities of the United States Government, September 30, 1953
(In millions of dollars)
<table><tr><th>Account</th><th>Total</th><th>Corporations</th><th>Activities</th></tr><tr><td><b>ASSETS</b></td><td></td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td><td></td></tr><tr><td>On hand and in banks.</td><td>107.1</td><td>89.8</td><td>17.3</td></tr><tr><td>With U. S. Treasury.</td><td>989.3</td><td>529.7</td><td>459.6</td></tr><tr><td>Deposits with other Government corporations and agencies.</td><td>98.1</td><td>98.1</td><td>-</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies.</td><td>15,308.1</td><td>12.3</td><td>15,295.8</td></tr><tr><td>Others.</td><td>18,753.8</td><td>10,256.9</td><td>8,496.9</td></tr><tr><td>Less: Reserve for losses.</td><td>-251.9</td><td>-136.9</td><td>-115.0</td></tr><tr><td>Accounts and notes receivables:</td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies.</td><td>163.1</td><td>107.7</td><td>55.4</td></tr><tr><td>Others.</td><td>685.9</td><td>256.1</td><td>429.8</td></tr><tr><td>Less: Reserve for losses.</td><td>-39.3</td><td>-25.5</td><td>-13.8</td></tr><tr><td>Accrued assets:</td><td></td><td></td><td></td></tr><tr><td>Interest on public debt obligations.</td><td>18.8</td><td>16.9</td><td>2.0</td></tr><tr><td>Government corporations and agencies.</td><td>142.3</td><td>.1</td><td>142.2</td></tr><tr><td>Others.</td><td>229.6</td><td>62.2</td><td>167.4</td></tr><tr><td>Less: Reserve for losses.</td><td>-39.5</td><td>-2</td><td>-39.3</td></tr><tr><td>Commodities, supplies, and materials.</td><td>2,898.7</td><td>2,703.0</td><td>195.7</td></tr><tr><td>Less: Reserve for losses.</td><td>-639.6</td><td>-639.6</td><td>-</td></tr><tr><td>Investments:</td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States.</td><td>2,586.3</td><td>2,266.9</td><td>319.4</td></tr><tr><td>Securities of Government corporations and agencies:</td><td></td><td></td><td></td></tr><tr><td>Debentures (FHA and FICB).</td><td>.3</td><td>.3</td><td>-</td></tr><tr><td>Capital stock and paid-in surplus of Government corporations.</td><td>200.5</td><td>1.0</td><td>199.5</td></tr><tr><td>Other securities:</td><td></td><td></td><td></td></tr><tr><td>International Bank for Reconstruction and Development - stock.</td><td>635.0</td><td>-</td><td>635.0</td></tr><tr><td>International Monetary Fund - subscriptions.</td><td>2,750.0</td><td>-</td><td>2,750.0</td></tr><tr><td>Other.</td><td>53.2</td><td>52.7</td><td>.5</td></tr><tr><td>Less: Reserves for losses.</td><td>-9.4</td><td>-9.4</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td></td><td></td><td></td></tr><tr><td>Held for use or sale.</td><td>8,914.1</td><td>3,164.0</td><td>5,750.0</td></tr><tr><td>Less: Reserve for depreciation.</td><td>-1,003.1</td><td>-995.2</td><td>-7.8</td></tr><tr><td>Acquired security or collateral.</td><td>216.6</td><td>32.7</td><td>183.9</td></tr><tr><td>Less: Reserves for losses.</td><td>-72.1</td><td>-11.7</td><td>-60.5</td></tr><tr><td>Deferred and undistributed charges.</td><td>173.7</td><td>167.6</td><td>6.0</td></tr><tr><td>Other assets.</td><td>236.8</td><td>135.1</td><td>101.7</td></tr><tr><td>Less: Reserve for losses.</td><td>-53.3</td><td>-42.5</td><td>-10.8</td></tr><tr><td>Total assets.</td><td>53,053.0</td><td>18,092.0</td><td>34,961.0</td></tr></table>
(Continued on following page)
January 1954
57
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 1.- Summary of Balance Sheets of Corporations and Certain Other Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Total</th><th>Corporations</th><th>Activities</th></tr><tr><td><b>LIABILITIES</b></td><td></td><td></td><td></td></tr><tr><td>Account payable:</td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>99.8</td><td>6.1</td><td>93.7</td></tr><tr><td>Others</td><td>289.7</td><td>175.1</td><td>114.6</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>129.1</td><td>40.1</td><td>89.0</td></tr><tr><td>Other Government corporations and agencies</td><td>22.2</td><td>22.1</td><td>.1</td></tr><tr><td>Others</td><td>310.4</td><td>162.0</td><td>148.4</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>283.7</td><td>151.2</td><td>132.5</td></tr><tr><td>Others</td><td>555.0</td><td>529.1</td><td>25.9</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>12,829.4</td><td>6,331.5</td><td>6,497.9</td></tr><tr><td>Other Government corporations and agencies</td><td>2,479.0</td><td>2,478.7</td><td>.3</td></tr><tr><td>Others</td><td>1,305.8</td><td>1,243.6</td><td>62.2</td></tr><tr><td>Deferred and undistributed credit</td><td>250.2</td><td>180.2</td><td>70.0</td></tr><tr><td>Other liabilities (including operating and liability reserves)</td><td>669.8</td><td>472.7</td><td>197.2</td></tr><tr><td>Total liabilities</td><td>19,224.2</td><td>11,792.5</td><td>7,431.7</td></tr><tr><td><b>CAPITAL</b></td><td></td><td></td><td></td></tr><tr><td>United States interest:</td><td></td><td></td><td></td></tr><tr><td>Interagency</td><td>200.5</td><td>1.0</td><td>199.5</td></tr><tr><td>Other</td><td>33,204.0</td><td>5,874.2</td><td>27,329.8</td></tr><tr><td>Total United States interest</td><td>33,404.5</td><td>5,875.2</td><td>27,529.3</td></tr><tr><td>Private interest</td><td>424.4</td><td>424.4</td><td>-</td></tr><tr><td>Total capital</td><td>33,828.9</td><td>6,299.6</td><td>27,529.3</td></tr><tr><td>Total liabilities and capital</td><td>53,053.0</td><td>18,092.0</td><td>34,961.0</td></tr><tr><td><b>ANALYSIS OF INVESTMENT OF UNITED STATES</b></td><td></td><td></td><td></td></tr><tr><td>Paid-in capital and expended appropriations</td><td>35,210.6</td><td>4,924.5</td><td>30,286.1</td></tr><tr><td>Treasury loans to Government corporations and agencies 1/</td><td>12,829.4</td><td>6,331.5</td><td>6,497.9</td></tr><tr><td>Subtotal</td><td>48,040.0</td><td>11,256.1</td><td>36,784.0</td></tr><tr><td>Less: Total Treasury loans as above 2/</td><td>-12,829.4</td><td>-</td><td>-12,829.4</td></tr><tr><td>Investment of United States</td><td>35,210.6</td><td>11,256.1</td><td>23,954.6</td></tr><tr><td>Earned surplus, or deficit (-), U. S. share</td><td>-1,806.2</td><td>950.6</td><td>-2,756.8</td></tr><tr><td>Book value of U. S. interest, including interagency items</td><td>33,404.5</td><td>12,206.7</td><td>21,197.8</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td></tr><tr><td>Amounts due to:</td><td></td><td></td><td></td></tr><tr><td>Government corporations</td><td>125.1</td><td>124.6</td><td>.5</td></tr><tr><td>Government agencies reporting</td><td>2,609.4</td><td>2,519.6</td><td>89.8</td></tr><tr><td>Government agencies not required to report</td><td>279.3</td><td>54.1</td><td>225.2</td></tr><tr><td>Total interagency liabilities</td><td>3,013.8</td><td>2,698.3</td><td>315.5</td></tr><tr><td>Amounts due from (-):</td><td></td><td></td><td></td></tr><tr><td>Interagency proprietary interests</td><td>-200.5</td><td>-1.0</td><td>-199.5</td></tr><tr><td>Government corporations</td><td>-2,644.2</td><td>-124.6</td><td>-2,519.6</td></tr><tr><td>Government agencies reporting</td><td>-90.3</td><td>-5</td><td>-89.8</td></tr><tr><td>Government agencies not required to report</td><td>-148.0</td><td>-93.4</td><td>-54.6</td></tr><tr><td>Total interagency assets</td><td>-3,083.0</td><td>-219.5</td><td>-2,863.5</td></tr><tr><td>Book value of U. S. interest, after exclusion of interagency items</td><td>33,335.3</td><td>14,685.5</td><td>18,649.8</td></tr></table>
1/ Liabilities of individual corporations and activities (see Tables 2 and 3).
2/ An asset of the Treasury under "Loans receivable" (see Table 3).
58
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States Government, September 30, 1953
(In millions of dollars)
<table><tr><th>Account</th><th>Total</th><th>Commodity Credit Corporation</th><th colspan="4">Department of Agriculture</th><th>Department of Commerce</th><th>Department of the Interior</th></tr><tr><th></th><th></th><th></th><th>Banks for cooperatives</th><th>Federal intermediate credit banks</th><th>Production credit corporations</th><th>Federal Crop Insurance Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Inland Waterways Corporation 1/</th><th>Virgin Islands Corporation</th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash: 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On hand and in banks</td><td>89.8</td><td>2.7</td><td>22.0</td><td>30.2</td><td>.4</td><td>*</td><td>-</td><td>3.7</td><td>*</td></tr><tr><td>With U. S. Treasury</td><td>529.7</td><td>4.7</td><td>1.5</td><td>2.2</td><td>.1</td><td>30.2</td><td>1.0</td><td>-</td><td>.2</td></tr><tr><td>Deposits with other Govt. corpo. and agencies</td><td>98.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>12.3</td><td>-</td><td>-</td><td>12.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agricultural credit corporations</td><td>780.7</td><td>-</td><td>-</td><td>780.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>331.1</td><td>1,623.8 3/</td><td>330.6</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>1,623.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>20.3</td><td>26.7 3/</td><td>5.1</td><td>*</td><td>-</td><td>20.3 4/</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Other</td><td>31.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid home owners: Mortgage loans, etc</td><td>2,649.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid industry:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Railroads</td><td>76.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>476.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>To aid States, Territories, etc</td><td>610.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td></tr><tr><td>To aid financial institutions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Insurance companies</td><td>4.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mortgage loan companies</td><td>797.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed, held by lending agencies</td><td>33.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>2,777.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9.0</td><td>-</td></tr><tr><td>Other loans (not otherwise classified)</td><td>43.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-136.9</td><td>-89.1</td><td>-2.7</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total loans receivable (net)</td><td>10,132.2</td><td>1,561.4</td><td>333.1</td><td>793.5</td><td>-</td><td>-</td><td>20.3</td><td>9.1</td><td>*</td></tr><tr><td>Accounts and notes receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>107.7</td><td>70.0</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>.1</td></tr><tr><td>Others</td><td>256.1</td><td>184.6</td><td>*</td><td>.3</td><td>*</td><td>13.9</td><td>.1</td><td>*</td><td>.2</td></tr><tr><td>Less: Reserve for losses</td><td>-25.5</td><td>-12.8</td><td>-</td><td>-</td><td>-</td><td>-2.4</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Total accounts and notes receivable (net)</td><td>338.3</td><td>241.7</td><td>*</td><td>.3</td><td>*</td><td>11.5</td><td>.1</td><td>*</td><td>.3</td></tr><tr><td>Accrued assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on public debt obligations</td><td>16.9</td><td>-</td><td>.3</td><td>.3</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>.1</td><td>-</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>62.2</td><td>3.5</td><td>2.8</td><td>9.7</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>*</td></tr><tr><td>Less: Reserve for losses</td><td>-2</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total accrued assets (net)</td><td>79.0</td><td>3.5</td><td>3.1</td><td>10.1</td><td>.2</td><td>-</td><td>.4</td><td>-</td><td>*</td></tr><tr><td>Commodities, supplies, and materials:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Hold for use or sale</td><td>2,703.0</td><td>2,521.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.4</td></tr><tr><td>Less: Reserve for losses</td><td>-639.6</td><td>-637.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Commodities, supplies, and materials (net)</td><td>2,063.4</td><td>1,883.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.4</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States</td><td>2,266.9</td><td>-</td><td>43.4</td><td>62.0</td><td>44.8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of Govt. corpo. and agencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debentures (FRA and FICB)</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cap. stock and paid-in surpl. of Govt. corpo.</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks and trust companies - preferred stock</td><td>44.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>8.3</td><td>-</td><td>-</td><td>-</td><td>5.3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-9.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investments (net)</td><td>2,311.5</td><td>-</td><td>43.4</td><td>62.0</td><td>50.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Hold for use or sale</td><td>3,164.0</td><td>146.0</td><td>.3</td><td>.5</td><td>.2</td><td>.3</td><td>-</td><td>-</td><td>4.7</td></tr><tr><td>Less: Reserve for depreciation</td><td>-995.2</td><td>-37.7</td><td>.3</td><td>-5</td><td>-2</td><td>-3</td><td>-</td><td>-</td><td>-1.0</td></tr><tr><td>Land, structures, and equipment (net)</td><td>2,168.8</td><td>108.3</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3.7</td></tr><tr><td>Acquired security or collateral</td><td>32.7</td><td>-</td><td>1.3</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-11.7</td><td>-</td><td>-.2</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>21.0</td><td>-</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Deferred and undistributed charges</td><td>167.6</td><td>161.5</td><td>.3</td><td>.3</td><td>.1</td><td>-</td><td>*</td><td>.2</td><td>.1</td></tr><tr><td>Other assets</td><td>135.1</td><td>75.2</td><td>*</td><td>*</td><td>.1</td><td>-</td><td>*</td><td>-</td><td>*</td></tr><tr><td>Less: Reserve for losses</td><td>-42.5</td><td>-41.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>92.6</td><td>34.0</td><td>*</td><td>*</td><td>.1</td><td>-</td><td>*</td><td>-</td><td>*</td></tr><tr><td>Total assets</td><td>18,092.0</td><td>4,001.7</td><td>404.6</td><td>898.4</td><td>50.9</td><td>41.7</td><td>21.8</td><td>13.0</td><td>5.5</td></tr></table>
Footnotes on page 72.
(Continued on following page)
January 1954
59
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States Government.
September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Total</th><th colspan="5">Department of Agriculture</th><th rowspan="2">Department of Commerce</th><th rowspan="2">Department of the Interior</th></tr><tr><th>Commodity Credit Corporation</th><th>Farm Credit Administration Banks for cooperative</th><th>Federal intermediate credit banks</th><th>Production credit corporations</th><th>Federal Crop Insurance Corporation</th><th>Federal Farm Mortgage Corporation</th></tr><tr><td colspan="9">LIABILITIES</td></tr><tr><td>Accounts payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>*</td></tr><tr><td>Government corporations and agencies</td><td>6.1</td><td>3.3</td><td>-</td><td>-</td><td>-</td><td>12.7</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Others</td><td>175.1 5/</td><td>80.0</td><td>*</td><td>*</td><td>*</td><td>12.7</td><td>.1</td><td>.3</td><td>*</td></tr><tr><td>Total accounts payable</td><td>181.2</td><td>83.3</td><td>*</td><td>*</td><td>*</td><td>12.7</td><td>.1</td><td>.3</td><td>*</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>40.1</td><td>23.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Government corporations and agencies</td><td>22.1</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td><td>-</td><td>*</td></tr><tr><td>Others</td><td>162.0</td><td>130.1</td><td>1.1</td><td>8.4</td><td>.2</td><td>-</td><td>-</td><td>.4</td><td>.2</td></tr><tr><td>Total accrued liabilities</td><td>224.3</td><td>153.2</td><td>1.1</td><td>8.4</td><td>.2</td><td>-</td><td>*</td><td>.4</td><td>.2</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>151.2</td><td>34.0</td><td>*</td><td>*</td><td>*</td><td>.1</td><td>-</td><td>.1</td><td>*</td></tr><tr><td>Others</td><td>529.1</td><td>28.4</td><td>.1</td><td>2.7</td><td>*</td><td>*</td><td>.2</td><td>*</td><td>*</td></tr><tr><td>Total trust and deposit liabilities</td><td>680.3</td><td>62.4</td><td>.1</td><td>2.7</td><td>*</td><td>.1</td><td>.2</td><td>.1</td><td>*</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>6,331.5</td><td>3,962.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government corporations and agencies:</td><td>2,478.7</td><td>-</td><td>12.3</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by United States</td><td>1,4/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td></tr><tr><td>Guaranteed by United States</td><td>1,243.2</td><td>-</td><td>118.9</td><td>775.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by United States</td><td>1,243.2</td><td>-</td><td>118.9</td><td>775.7</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>10,053.8</td><td>3,962.0</td><td>131.2</td><td>775.7</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td></tr><tr><td>Deferred and undistributed credits</td><td>180.2</td><td>69.8</td><td>.1</td><td>.1</td><td>-</td><td>*</td><td>*</td><td>1.7</td><td>-</td></tr><tr><td>Other liabilities (incl. oper. and liability res.)</td><td>472.7</td><td>430.0 3/</td><td>.1</td><td>.1</td><td>-</td><td>*</td><td>*</td><td>-</td><td>.1</td></tr><tr><td>Total liabilities</td><td>11,792.5</td><td>4,760.6</td><td>132.7</td><td>787.1</td><td>.3</td><td>12.8</td><td>.7</td><td>2.4</td><td>.4</td></tr><tr><td colspan="9">CAPITAL</td></tr><tr><td>Paid-in capital:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>2,043.0</td><td>100.0</td><td>196.9 1/</td><td>60.0</td><td>36.0</td><td>27.0</td><td>*</td><td>15.0</td><td>-</td></tr><tr><td>Paid-in surplus</td><td>1,286.7</td><td>-</td><td>-</td><td>5.6</td><td>-</td><td>-</td><td>-</td><td>12.3</td><td>5.5 8/</td></tr><tr><td>Expended appropriations</td><td>1,973.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>77.6</td><td>-</td><td>-</td><td>.8</td></tr><tr><td>Total paid-in capital</td><td>5,302.7</td><td>100.0</td><td>196.9</td><td>65.6</td><td>36.0</td><td>104.6</td><td>*</td><td>27.3</td><td>6.3</td></tr><tr><td>Earned surplus, or deficit (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Legal reserves</td><td>166.0</td><td>-</td><td>18.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserves for contingencies</td><td>1,811.4</td><td>-</td><td>8.1</td><td>15.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unreserved surplus, or deficit (-)</td><td>-980.5</td><td>-859.0</td><td>4.8</td><td>29.8</td><td>14.7</td><td>-75.7 9/</td><td>21.1</td><td>-16.7</td><td>-1.1</td></tr><tr><td>Total earned surplus, or deficit (-)</td><td>996.9</td><td>-859.0</td><td>75.1</td><td>45.7</td><td>14.7</td><td>-75.7</td><td>21.1</td><td>-16.7</td><td>-1.1</td></tr><tr><td>Total capital</td><td>6,299.6</td><td>-759.0</td><td>271.9</td><td>111.3</td><td>50.7</td><td>28.9</td><td>21.1</td><td>10.6</td><td>5.3</td></tr><tr><td>Total liabilities and capital</td><td>18,092.0</td><td>4,001.7</td><td>404.6</td><td>898.4</td><td>50.9</td><td>41.7</td><td>21.8</td><td>13.0</td><td>5.6</td></tr><tr><td colspan="9">CONTINGENT LIABILITIES:</td></tr><tr><td>Guaranteed loans</td><td>23.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>1,911.0</td><td>8.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td></tr><tr><td colspan="9">DISTRIBUTION OF CAPITAL</td></tr><tr><td>United States owned:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>1,564.9</td><td>100.0</td><td>178.5</td><td>60.0</td><td>36.0</td><td>27.0</td><td>*</td><td>15.0</td><td>-</td></tr><tr><td>Paid-in surplus</td><td>1,286.7</td><td>-</td><td>-</td><td>5.6</td><td>-</td><td>-</td><td>-</td><td>12.3</td><td>5.5</td></tr><tr><td>Expended appropriations</td><td>1,973.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>77.6</td><td>-</td><td>-</td><td>.8</td></tr><tr><td>Earned surplus, or deficit (-)</td><td>950.6</td><td>-859.0</td><td>68.0</td><td>45.7</td><td>14.7</td><td>-75.7</td><td>21.1</td><td>-16.7</td><td>-1.1</td></tr><tr><td>Total United States owned</td><td>5,875.2</td><td>-759.0</td><td>246.5</td><td>111.3</td><td>50.7</td><td>28.9</td><td>21.1</td><td>10.6</td><td>5.3</td></tr><tr><td>Privately owned:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>378.1</td><td>-</td><td>18.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Earned surplus</td><td>46.2</td><td>-</td><td>7.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total privately owned</td><td>424.4</td><td>-</td><td>25.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total capital</td><td>6,299.6</td><td>-759.0</td><td>271.9</td><td>111.3</td><td>50.7</td><td>28.9</td><td>21.1</td><td>10.6</td><td>5.3</td></tr><tr><td colspan="9">ANALYSIS OF INVESTMENT OF UNITED STATES</td></tr><tr><td>Paid-in capital - United States owned</td><td>4,924.5</td><td>100.0</td><td>178.5</td><td>65.6</td><td>36.0</td><td>104.6</td><td>*</td><td>27.3</td><td>6.3</td></tr><tr><td>Treasury loans to Government corporations</td><td>6,331.5</td><td>3,962.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States</td><td>11,256.1</td><td>4,062.0</td><td>178.5</td><td>65.6</td><td>36.0</td><td>104.6</td><td>*</td><td>27.3</td><td>6.3</td></tr><tr><td>Earned surplus, or deficit (-), U. S. share</td><td>950.6</td><td>-859.0</td><td>68.0</td><td>45.7</td><td>14.7</td><td>-75.7</td><td>21.1</td><td>-16.7</td><td>-1.1</td></tr><tr><td>Book value of U. S. interest incl. interag. items</td><td>12,206.7</td><td>3,203.0</td><td>246.5</td><td>111.3</td><td>50.7</td><td>28.9</td><td>21.1</td><td>10.6</td><td>5.3</td></tr><tr><td>Interagency items - net due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations</td><td>-1.0 10/</td><td>*</td><td>12.3</td><td>-12.3</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government agencies, excluding Treasury loans to Government corporations</td><td>2,479.8</td><td>-9.6</td><td>*</td><td>*</td><td>*</td><td>.1</td><td>*</td><td>.1</td><td>*</td></tr><tr><td>Book value of U. S. interest excl. interag. items</td><td>14,685.5</td><td>3,193.4</td><td>258.9</td><td>99.1</td><td>50.6</td><td>29.0</td><td>21.1</td><td>10.6</td><td>5.2</td></tr></table>
Footnotes on page 72.
(Continued on following page)
60
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States
Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Department of Justice</th><th rowspan="2">Export-Import Bank of Washington</th><th rowspan="2">Federal Deposit Insurance Corporation</th><th rowspan="2">Foreign Operations Administration</th><th colspan="4">Housing and Home Finance Agency</th></tr><tr><th>Federal Prison Industries, Inc.</th><th>Regular lending activities</th><th>Defense Production Act of 1950, as amended</th><th>Home Loan Bank Board</th><th>Office of the Administrator</th><th>Public Housing Administration 12/</th></tr><tr><th colspan="11">ASSETS</th></tr><tr><td>Cash: 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td>Federal home loan banks</td><td>Federal Savings and Loan Insurance Corporation</td><td>Federal National Mortgage Association</td><td></td></tr><tr><td>On hand and in banks</td><td>-</td><td>.3</td><td>-</td><td></td><td>.1</td><td>-</td><td>20.5</td><td>*</td><td>.1</td><td>-</td></tr><tr><td>With U. S. Treasury</td><td>5.0</td><td>2.6</td><td>*</td><td></td><td>5.4</td><td>10.3</td><td>9.2</td><td>.9</td><td>.3</td><td>49.8</td></tr><tr><td>Deposite with other Govt. corps. and agencies</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 receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agricultural credit corporations</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid home owners: Mortgage loans, etc.</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,539.9</td><td>-</td></tr><tr><td>To aid industry:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Railroads</td><td>-</td><td>-</td><td>2.1</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>581.8</td></tr><tr><td>To aid States, Territories, etc.</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid financial institutions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>4.3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Insurance companies</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>797.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mortgage loan companies</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed, held by lending agencies</td><td>-</td><td>33.013/</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>2,725.3</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other loans (not otherwise classified)</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6.3</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-.2</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.1.9</td></tr><tr><td>Total loans receivable (net)</td><td>-</td><td>2,758.1</td><td>2.1</td><td></td><td>-</td><td>-</td><td>801.3</td><td>-</td><td>2,539.9</td><td>586.7</td></tr><tr><td>Accounts and notes receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>2.8</td><td>*</td><td>-</td><td></td><td>-</td><td>2.3</td><td>*</td><td>-</td><td>4.1</td><td>-</td></tr><tr><td>Others</td><td>.1</td><td>*</td><td>-</td><td></td><td>*</td><td>.1</td><td>*</td><td>3.4</td><td>.1</td><td>3.0</td></tr><tr><td>Less: Reserve for losses</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 accounts and notes receivable (net)</td><td>2.9</td><td>*</td><td>-</td><td></td><td>*</td><td>2.4</td><td>*</td><td>3.4</td><td>4.2</td><td>3.0</td></tr><tr><td>Accrued assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>-</td><td>-</td><td></td><td>12.5</td><td>-</td><td>2.0</td><td>1.4</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>17.6</td><td>*</td><td></td><td>-</td><td>-</td><td>2.1</td><td>-</td><td>.1</td><td>5.7</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td></td><td>*</td><td>-</td><td>-</td><td>-</td><td>8.7</td><td>-.2</td></tr><tr><td>Less: Reserve for losses</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 accrued assets (net)</td><td>-</td><td>17.6</td><td>*</td><td></td><td>12.5</td><td>-</td><td>4.1</td><td>1.4</td><td>8.7</td><td>5.6</td></tr><tr><td>Commodities, supplies, and materials:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Held for use or sale</td><td>6.8</td><td>*</td><td>-</td><td></td><td>.1</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Commodities, supplies, and materials (net)</td><td>6.8</td><td>*</td><td>-</td><td></td><td>.1</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States</td><td>-</td><td>-</td><td>-</td><td></td><td>1,508.6</td><td>-</td><td>397.3</td><td>210.8</td><td>-</td><td>-</td></tr><tr><td>Securities of Govt. corps. and agencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debentures (FHA and FICB)</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-</td></tr><tr><td>Cap. stock and paid-in surpl. of Govt. corps</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 securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks and trust companies - preferred stock</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</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 investments (net)</td><td>-</td><td>-</td><td>-</td><td></td><td>1,508.6</td><td>-</td><td>397.3</td><td>210.8</td><td>.3</td><td>*</td></tr><tr><td>Land, structures, and equipment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Held for use or sale</td><td>11.0</td><td>.1</td><td>-</td><td></td><td>*</td><td>-</td><td>*</td><td>.1</td><td>.5</td><td>194.1</td></tr><tr><td>Less: Reserve for depreciation</td><td>-.4.8</td><td>-.1</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-.1</td><td>-.2</td><td>-.36.2</td></tr><tr><td>Land, structures, and equipment (net)</td><td>6.3</td><td>*</td><td>-</td><td></td><td>*</td><td>-</td><td>*</td><td>-</td><td>.3</td><td>157.9</td></tr><tr><td>Acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td></td><td>5.1</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td></td><td>-.2.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>-</td><td>-</td><td>-</td><td></td><td>2.5</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>-</td></tr><tr><td>Deferred and undistributed charges</td><td>-</td><td>-</td><td>-</td><td></td><td>*</td><td>-</td><td>.3</td><td>.2</td><td>-</td><td>*</td></tr><tr><td>Other assets</td><td>.1</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>56.4</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-.7</td></tr><tr><td>Other assets (net)</td><td>.1</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>55.7</td></tr><tr><td>Total assets</td><td>20.9</td><td>2,778.7</td><td>2.1</td><td></td><td>1,529.2</td><td>12.7</td><td>1,232.6</td><td>216.7</td><td>2,555.0</td><td>858.7</td></tr></table>
Footnote on page 72.
(Continued on following page)
January 1954
61
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Department of Justice Federal Prison Industries, Inc.</th><th>Export-Import Bank of Washington Regular lending activities</th><th>Defense Production Act of 1950, as amended</th><th>Federal Deposit Insurance Corporation</th><th>Foreign Operations Administration Institute of Inter-American Affairs 11/</th><th colspan="3">Housing and Home Finance Agency</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Home Loan Bank Board Federal home loan banks</th><th>Federal Savings and Loan Insurance Corporation</th><th>Office of the Administrator Federal National Mortgage Association</th><th>Public Housing Administration 12/</th></tr><tr><td colspan="10">LIABILITIES</td></tr><tr><td>Accounts payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>.2</td><td>*</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Others</td><td>1.3</td><td>*</td><td>-</td><td>.4</td><td>6.4</td><td>*</td><td>-</td><td>*</td><td>7.6</td></tr><tr><td>Total accounts payable</td><td>1.4</td><td>*</td><td>-</td><td>.5</td><td>6.4</td><td>*</td><td>-</td><td>*</td><td>7.6</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>-</td><td>6.4</td><td>*</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>2.8</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>13.1</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>1.0</td><td>-</td><td>4.0</td><td>*</td><td>1.1</td><td>-</td></tr><tr><td>Total accrued liabilities</td><td>-</td><td>6.4</td><td>*</td><td>1.0</td><td>-</td><td>4.0</td><td>.4</td><td>14.2</td><td>2.8</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>*</td><td>-</td><td>.2</td><td>-</td><td>*</td><td>*</td><td>.1</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>.3</td><td>-</td><td>.2</td><td>-</td><td>481.1</td><td>*</td><td>9.2</td><td>*</td></tr><tr><td>Total trust and deposit liabilities</td><td>-</td><td>.3</td><td>-</td><td>.4</td><td>-</td><td>481.1</td><td>*</td><td>9.3</td><td>*</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>-</td><td>1,428.7</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>619.0</td></tr><tr><td>Other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,466.4</td><td>-</td></tr><tr><td>Not guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>348.6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>-</td><td>1,428.7</td><td>2.1</td><td>-</td><td>-</td><td>348.6</td><td>-</td><td>2,466.4</td><td>619.0</td></tr><tr><td>Deferred and undistributed credits</td><td>-</td><td>.5</td><td>-</td><td>98.7</td><td>.1</td><td>-</td><td>6.2</td><td>.5</td><td>.6</td></tr><tr><td>Other liabilities (incl. oper. and liability res.)</td><td>.1</td><td>33.2 13/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>6.0</td></tr><tr><td>Total liabilities</td><td>1.5</td><td>1,469.2</td><td>2.1</td><td>100.6</td><td>6.5</td><td>833.6</td><td>6.6</td><td>2,490.4</td><td>636.0</td></tr><tr><td colspan="10">CAPITAL</td></tr><tr><td>Paid-in capital:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>1,000.0</td><td>-</td><td>14/</td><td>-</td><td>359.8</td><td>77.0</td><td>20.0</td><td>1.0</td></tr><tr><td>Paid-in surplus</td><td>4.9</td><td>-</td><td>-</td><td>-</td><td>12.5</td><td>-</td><td>-</td><td>1.0</td><td>187.1</td></tr><tr><td>Expanded appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>116.4</td><td>-</td><td>-</td><td>-</td><td>189.9</td></tr><tr><td>Total paid-in capital</td><td>4.9</td><td>1,000.0</td><td>-</td><td>-</td><td>128.9</td><td>359.8</td><td>77.0</td><td>21.0</td><td>378.0</td></tr><tr><td>Earned surplus, or deficit (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Legal reserves</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18.5</td><td>128.8</td><td>-</td><td>-</td></tr><tr><td>Reserves for contingencies</td><td>-</td><td>295.6</td><td>-</td><td>1,428.6</td><td>-</td><td>3.2</td><td>-</td><td>35.7</td><td>.1</td></tr><tr><td>Unreserved surplus, or deficit (-)</td><td>14.5</td><td>13.9</td><td>*</td><td>-</td><td>-122.8</td><td>17.6</td><td>4.4</td><td>7.9</td><td>-155.4</td></tr><tr><td>Total earned surplus, or deficit (-)</td><td>14.5</td><td>309.5</td><td>*</td><td>1,428.6 15/</td><td>-122.8</td><td>39.2</td><td>133.2 16/</td><td>43.6</td><td>-155.4</td></tr><tr><td>Total capital</td><td>19.5</td><td>1,309.5</td><td>*</td><td>1,428.6</td><td>6.2</td><td>399.0</td><td>210.1</td><td>64.6</td><td>222.6</td></tr><tr><td>Total liabilities and capital</td><td>20.9</td><td>2,788.7</td><td>2.1</td><td>1,529.2</td><td>12.7</td><td>1,232.6</td><td>216.7</td><td>2,555.0</td><td>858.7</td></tr><tr><td colspan="10">CONTINGENT LIABILITIES</td></tr><tr><td>Guaranteed loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31.0 17/</td><td>1,871.3</td></tr><tr><td colspan="10">DISTRIBUTION OF CAPITAL</td></tr><tr><td>United States owned:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>1,000.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>77.0</td><td>20.0</td><td>1.0</td></tr><tr><td>Paid-in surplus</td><td>4.9</td><td>-</td><td>-</td><td>-</td><td>12.5</td><td>-</td><td>-</td><td>1.0</td><td>187.1</td></tr><tr><td>Expanded appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>116.4</td><td>-</td><td>-</td><td>-</td><td>189.9</td></tr><tr><td>Earned surplus, or deficit (-)</td><td>14.5</td><td>309.5</td><td>*</td><td>1,428.6</td><td>-122.8</td><td>-</td><td>133.1</td><td>43.6</td><td>-155.4</td></tr><tr><td>Total United States owned</td><td>19.5</td><td>1,309.5</td><td>*</td><td>1,428.6</td><td>6.2</td><td>-</td><td>210.1</td><td>64.6</td><td>222.6</td></tr><tr><td>Privately owned:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>359.8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Earned surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>39.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total privately owned</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>399.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total capital</td><td>19.5</td><td>1,309.5</td><td>*</td><td>1,428.6</td><td>6.2</td><td>399.0</td><td>210.1</td><td>64.6</td><td>222.6</td></tr><tr><td colspan="10">ANALYSIS OF INVESTMENT OF UNITED STATES</td></tr><tr><td>Paid-in capital - United States owned</td><td>4.9</td><td>1,000.0</td><td>-</td><td>-</td><td>128.9</td><td>-</td><td>77.0</td><td>21.0</td><td>378.0</td></tr><tr><td>Treasury loans to Government corporations</td><td>-</td><td>1,428.7</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>619.0</td></tr><tr><td>Total investment of the United States</td><td>4.9</td><td>2,428.7</td><td>2.1</td><td>1,428.6</td><td>128.9</td><td>-</td><td>77.0</td><td>21.0</td><td>997.0</td></tr><tr><td>Earned surplus, or deficit (-), U. S. share</td><td>14.5</td><td>309.5</td><td>*</td><td>1,428.6</td><td>-122.8</td><td>-</td><td>133.1</td><td>43.6</td><td>-155.4</td></tr><tr><td>Book value of U. S. interest incl. interag. items</td><td>19.5</td><td>2,738.2</td><td>2.1</td><td>1,428.6</td><td>6.2</td><td>-</td><td>210.1</td><td>64.6</td><td>841.6</td></tr><tr><td>Interagency items - net due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td></tr><tr><td>Other Government agencies, excluding Treasury loans to Government corporations</td><td>-2.7</td><td>6.5</td><td>*</td><td>.3</td><td>-2.3</td><td>*</td><td>.4</td><td>2,475.2</td><td>2.8</td></tr><tr><td>Book value of U. S. interest excl. interag. items</td><td>16.8</td><td>2,744.7</td><td>2.1</td><td>1,428.9</td><td>3.8</td><td>*</td><td>210.6</td><td>2,539.8</td><td>844.5</td></tr></table>
Footnotes on page 72.
(Continued on following page)
62
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States Government,
September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Panama Canal Company 18/</th><th colspan="5">Reconstruction Finance Corporation and certain affiliates</th><th colspan="2">In liquidation by Reconstruction Finance Corporation 21/</th><th>Tennessee Valley Authority</th></tr><tr><th></th><th></th><th>Regular lending activities 19/</th><th>Assets held for the U. S. Treasury 20/</th><th>War Damage Corporation (in liquidation) 21/</th><th>Defense Production Act of 1950 22/</th><th>Federal Civil Defense Act of 1950 23/</th><th>Defense Homee Corporation</th><th>Smaller War Plante Corporation</th><th></th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash: 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On hand and in banks</td><td>6.6</td><td>.1</td><td>2.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>With U. S. Treasury</td><td>33.8</td><td>22.8</td><td>-</td><td>-</td><td>.7</td><td>-</td><td>-</td><td>-</td><td>349.3</td></tr><tr><td>Deposits with other Govt. corps. and agencies</td><td>-</td><td>-</td><td>96.0</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>-</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agricultural credit corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid home owners: Mortgage loans, etc.</td><td>-</td><td>109.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid industry:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Railroads</td><td>-</td><td>76.5</td><td>-</td><td>-</td><td>132.6</td><td>-</td><td>-</td><td>1.5</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>340.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid States, Territories, etc.</td><td>-</td><td>28.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid financial institutions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Insurance companies</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mortgage loan companies</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed, held by lending agencies</td><td>-</td><td>52.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>25.9 24/</td><td>.6</td><td>-</td><td>-</td><td>1.9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other loans (not otherwise classified)</td><td>-</td><td>-39.8</td><td>-</td><td>-</td><td>-3.0</td><td>-</td><td>-</td><td>-.7</td><td>-</td></tr><tr><td>Lease: Reserve for losses</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total loans receivable (net)</td><td>-</td><td>593.9</td><td>.6</td><td>-</td><td>129.6</td><td>1.9</td><td>-</td><td>.9</td><td>-</td></tr><tr><td>Accounts and notes receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>1.9</td><td>.3</td><td>2.8</td><td>-</td><td>*</td><td>-</td><td>14.0 25/</td><td>-</td><td>9.4</td></tr><tr><td>Others</td><td>1.9</td><td>1.8</td><td>37.3</td><td>-</td><td>*</td><td>-</td><td>-</td><td>.1</td><td>9.3</td></tr><tr><td>Lease: Reserve for losses</td><td>*</td><td>*</td><td>-10.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td></tr><tr><td>Total accounts and notes receivable (net)</td><td>3.8</td><td>2.1</td><td>29.8</td><td>-</td><td>*</td><td>-</td><td>14.0</td><td>.1</td><td>18.7</td></tr><tr><td>Accrued assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on public debt obligations</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>6.9</td><td>1.3</td><td>-</td><td>3.2</td><td>*</td><td>-</td><td>.1</td><td>*</td></tr><tr><td>Lease: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total accrued assets (net)</td><td>*</td><td>6.9</td><td>1.3</td><td>-</td><td>3.2</td><td>*</td><td>-</td><td>.1</td><td>*</td></tr><tr><td>Commodities, supplies, and materials:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Held for use or sale</td><td>16.2</td><td>-</td><td>134.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22.9</td></tr><tr><td>Lease: Reserve for losses</td><td>-1.1</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.6</td></tr><tr><td>Commodities, supplies, and materials (net)</td><td>15.1</td><td>-</td><td>134.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22.3</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of Govt. corps. and agencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debentures (FHA and FICB)</td><td>-</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cap. stock and paid-in surpl. of Govt. corps</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks and trust companies - preferred stock</td><td>-</td><td>44.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>3.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Lease: Reserve for losses</td><td>-</td><td>-7.7</td><td>-1.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investments (net)</td><td>*</td><td>37.7</td><td>1.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Held for use or sale</td><td>651.7</td><td>1.4</td><td>571.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,581.8</td></tr><tr><td>Lease: Reserve for depreciation</td><td>-345.0</td><td>-1.0</td><td>-390.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-177.0</td></tr><tr><td>Land, structures, and equipment (net)</td><td>306.7</td><td>.5</td><td>180.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,404.8</td></tr><tr><td>Acquired security or collateral</td><td>-</td><td>24.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.4</td><td>-</td></tr><tr><td>Lease: Reserve for losses</td><td>-</td><td>-8.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>-</td><td>15.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.4</td><td>-</td></tr><tr><td>Deferred and undistributed charges</td><td>.7</td><td>-</td><td>3.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.7</td></tr><tr><td>Other assets</td><td>*</td><td>-</td><td>3.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Lease: Reserve for losses</td><td>-</td><td>-</td><td>-.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>*</td><td>-</td><td>2.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>366.1</td><td>679.7</td><td>452.2</td><td>1.0</td><td>133.5</td><td>1.9</td><td>14.0</td><td>2.7</td><td>1,796.0</td></tr></table>
Footnotes on page 72
(Continued on following page)
January 1954
63
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Panama Canal Company 18/</th><th colspan="5">Reconstruction Finance Corporation and certain affiliates</th><th colspan="2">In liquidation by Reconstruction Finance Corporation 21/</th><th>Tennessee Valley Authority</th></tr><tr><th></th><th></th><th>Regular lending activities 19/</th><th>Assets held for the U.S. Treasury 20/</th><th>War Damage Corporation (in liquidation) 21/</th><th>Defense Production Act of 1950 22/</th><th>Federal Civil Defense Act of 1950 23/</th><th>Defense Homes Corporation</th><th>Smaller War Plante Corporation</th><th></th></tr><tr><td colspan="10">LIABILITIES</td></tr><tr><td>Account payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>1.3</td><td>.2</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>1.1</td></tr><tr><td>Others</td><td>2.7</td><td>28.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35.2</td></tr><tr><td>Total account payable</td><td>4.0</td><td>28.5</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>36.3</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. Treasury</td><td>5.9</td><td>.7</td><td>-</td><td>-</td><td>.6</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Government corporations and agencies</td><td>7.0</td><td>1.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>6.4</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9.0</td></tr><tr><td>Total accrued liabilities</td><td>19.3</td><td>2.8</td><td>-</td><td>-</td><td>.6</td><td>*</td><td>-</td><td>-</td><td>9.1</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>112.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3.9</td></tr><tr><td>Others</td><td>1.3</td><td>3.4</td><td>-</td><td>-</td><td>1.9</td><td>.1</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Total trust and deposit liabilities</td><td>1.3</td><td>116.0</td><td>-</td><td>-</td><td>1.9</td><td>.1</td><td>-</td><td>-</td><td>4.2</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. Treasury</td><td>-</td><td>157.2</td><td>-</td><td>-</td><td>131.7</td><td>1.8</td><td>-</td><td>-</td><td>29.0</td></tr><tr><td>Other Government corporations and agencies:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>-</td><td>157.2</td><td>-</td><td>-</td><td>131.7</td><td>1.8</td><td>-</td><td>-</td><td>29.0</td></tr><tr><td>Deferred and undistributed credit</td><td>.7</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.2</td></tr><tr><td>Other liabilities (incl. oper. and liability taxes)</td><td>.9</td><td>2.2</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>26.1</td><td>306.8</td><td>-</td><td>-</td><td>134.3</td><td>1.9</td><td>-</td><td>-</td><td>79.7</td></tr><tr><td colspan="10">CAPITAL</td></tr><tr><td>Paid-in capital:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>100.0</td><td>744.3</td><td>1.0</td><td>-</td><td>-</td><td>10.0</td><td>39.4</td><td>45.2</td></tr><tr><td>Paid-in surplus</td><td>268.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,588.3</td></tr><tr><td>Expanded appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total paid-in capital</td><td>268.2</td><td>100.0</td><td>744.3</td><td>1.0</td><td>-</td><td>-</td><td>10.0</td><td>39.4</td><td>1,633.5</td></tr><tr><td>Earned surplus, or deficit (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Legal reserve</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reserves for contingencies</td><td>-</td><td>24.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unresolved surplus, or deficit (-)</td><td>72.3</td><td>243.7</td><td>-292.1</td><td>-</td><td>-.8</td><td>-</td><td>4.0</td><td>-36.7</td><td>82.7</td></tr><tr><td>Total earned surplus, or deficit (-)</td><td>72.3</td><td>272.9</td><td>-292.1</td><td>-</td><td>-.8</td><td>-</td><td>4.0</td><td>-36.7</td><td>82.7</td></tr><tr><td>Total capital</td><td>340.5</td><td>372.9</td><td>452.2</td><td>1.0</td><td>-.8</td><td>-</td><td>14.0</td><td>2.7</td><td>1,716.2</td></tr><tr><td>Total liabilities and capital</td><td>366.7</td><td>679.7</td><td>452.2</td><td>1.0</td><td>133.5</td><td>1.9</td><td>14.0</td><td>2.7</td><td>1,796.0</td></tr><tr><td colspan="10">CONTINGENT LIABILITIES</td></tr><tr><td>Guaranteed loans</td><td>-</td><td>23.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="10">DISTRIBUTION OF CAPITAL</td></tr><tr><td>United States owned:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>100.0</td><td>744.3</td><td>1.0</td><td>-</td><td>-</td><td>10.0</td><td>39.4</td><td>45.2</td></tr><tr><td>Paid-in surplus</td><td>268.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,588.3</td></tr><tr><td>Expanded appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Earned surplus, or deficit (-)</td><td>72.3</td><td>272.9</td><td>-292.1</td><td>-</td><td>-.8</td><td>-</td><td>4.0</td><td>-36.7</td><td>82.7</td></tr><tr><td>Total United States owned</td><td>340.5</td><td>372.9</td><td>452.2</td><td>1.0</td><td>-.8</td><td>-</td><td>14.0</td><td>2.7</td><td>1,716.2</td></tr><tr><td>Privately owned:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Earned surplus</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total privately owned</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total capital</td><td>340.5</td><td>372.9</td><td>452.2</td><td>1.0</td><td>-.8</td><td>-</td><td>14.0</td><td>2.7</td><td>1,716.2</td></tr><tr><td colspan="10">ANALYSIS OF INVESTMENT OF UNITED STATES</td></tr><tr><td>Paid-in capital - United States owned</td><td>268.2</td><td>100.0</td><td>744.3</td><td>1.0</td><td>-</td><td>1.8</td><td>10.0</td><td>39.4</td><td>1,633.5</td></tr><tr><td>Treasury loans to Government corporations</td><td>-</td><td>157.2</td><td>-</td><td>-</td><td>131.7</td><td>1.8</td><td>-</td><td>-</td><td>29.0</td></tr><tr><td>Total investment of the United States</td><td>268.2</td><td>257.2</td><td>744.3</td><td>1.0</td><td>131.7</td><td>1.8</td><td>10.0</td><td>39.4</td><td>1,662.5</td></tr><tr><td>Earned surplus, or deficit (-), U.S. share</td><td>72.3</td><td>272.9</td><td>-292.1</td><td>-</td><td>-.8</td><td>-</td><td>4.0</td><td>-36.7</td><td>82.7</td></tr><tr><td>Book value of U.S. interest incl. interag. items</td><td>340.5</td><td>530.1</td><td>452.2</td><td>1.0</td><td>130.9</td><td>1.8</td><td>14.0</td><td>2.7</td><td>1,745.2</td></tr><tr><td>Interagency items - net due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations</td><td>-</td><td>111.0</td><td>-96.0</td><td>-1.0</td><td>.1</td><td>-</td><td>-14.0</td><td>-1.2</td><td>*</td></tr><tr><td>Other Government agencies excluding Treasury loans to Government corporations</td><td>12.4</td><td>3.1</td><td>-2.8</td><td>-</td><td>.6</td><td>*</td><td>-</td><td>-</td><td>-.3</td></tr><tr><td>Book value of U.S. interest excl. interag. items</td><td>352.9</td><td>644.3</td><td>353.4</td><td>-</td><td>131.6</td><td>1.8</td><td>-</td><td>1.5</td><td>1,740.9</td></tr></table>
Footnotes on page 72.
64
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953
(In millions of dollars)
<table><tr><th>Account</th><th>Total</th><th>Department of Agriculture Farm Credit Administration</th><th>Department of Agriculture Farmers' Home Administration</th><th>Department of Agriculture Disaster Loans, etc., Revolving Fund, Farmers' Home Administration</th><th>Department of Agriculture Rural Electrification Administration</th><th>Department of the Army Guaranteed loans, (World War II)</th><th>Department of Commerce Federal Maritime Board and Maritime Administration 27/</th><th>Department of Health, Education, and Welfare Office of Education Loans to students</th><th>Department of the Interior Indian loans</th></tr><tr><td colspan="10">ASSETS</td></tr><tr><td>Cash: 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On hand and in banks</td><td>17.3</td><td>*</td><td>.1</td><td>1.9</td><td>*</td><td>-</td><td>12.1</td><td>-</td><td>-</td></tr><tr><td>With U. S. Treasury</td><td>459.6</td><td>*</td><td>59.5</td><td>-</td><td>34.6</td><td>-</td><td>128.8</td><td>-</td><td>-</td></tr><tr><td>Loans receivable:</td><td>15,295.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agricultural credit corporations</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>78.3</td><td>-</td><td>22.4</td><td>56.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>579.4</td><td>-</td><td>578.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>2,066.2</td><td>-</td><td>-</td><td>-</td><td>2,062.2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>336.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid home owners: Mortgage loans, etc.</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid industry:</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Railroads</td><td>59.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>113.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid States, Territories, etc.</td><td>5,199.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans</td><td>61.4</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.9</td><td>11.4</td></tr><tr><td>Other loans (not otherwise classified)</td><td>-115.0</td><td>-</td><td>-98.2</td><td>-10.9</td><td>-2.5</td><td>-</td><td>-</td><td>-</td><td>-.8</td></tr><tr><td>Loss: Reserve for losses</td><td>23,677.7</td><td>.2</td><td>503.0</td><td>45.5</td><td>2,059.7</td><td>5.2</td><td>-</td><td>.9</td><td>10.6</td></tr><tr><td>Total loans receivable (net)</td><td>471.5</td><td>-</td><td>.6</td><td>*</td><td>-</td><td>-</td><td>423.6</td><td>-</td><td>-</td></tr><tr><td>Accounts and notes receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>55.4</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>35.5</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>429.3</td><td>-</td><td>.9</td><td>*</td><td>-</td><td>-</td><td>388.1</td><td>-</td><td>-</td></tr><tr><td>Loss: Reserve for losses</td><td>-13.8</td><td>-</td><td>-.3</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total accounts and notes receivable (net)</td><td>272.2</td><td>-</td><td>24.2</td><td>1.1</td><td>87.2</td><td>-</td><td>3.1</td><td>.2</td><td>*</td></tr><tr><td>Accrued assets:</td><td>195.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50.8</td><td>-</td><td>*</td></tr><tr><td>Interest on public debt obligations</td><td>2.0</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>142.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>167.4</td><td>-</td><td>63.1</td><td>1.5</td><td>87.2</td><td>-</td><td>3.1</td><td>.2</td><td>*</td></tr><tr><td>Loss: Reserve for losses</td><td>-39.3</td><td>-</td><td>-38.9</td><td>-.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total accrued assets (net)</td><td>3,904.5</td><td>178.5</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td></tr><tr><td>Commodities, supplies, and materials</td><td>319.4</td><td>-</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States</td><td>199.5</td><td>178.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of Government corporations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock and paid-in surplus of Government corporations</td><td>635.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities:</td><td>2,750.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International Bank for Reconstruction and Development - stock</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td></tr><tr><td>International Monetary Fund - subscriptions</td><td>5,750.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>5,742.2</td><td>-</td><td>-.2</td><td>-</td><td>.5</td><td>-</td><td>4,802.1</td><td>-</td><td>-</td></tr><tr><td>Loss: Reserve for losses</td><td>183.9</td><td>*</td><td>.8</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investments (net)</td><td>-60.5</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td>123.5</td><td>*</td><td>.8</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Held for use or sale</td><td>6.0</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>1.1</td><td>-</td><td>-</td></tr><tr><td>Loss: Reserve for depreciation</td><td>101.7</td><td>3.5</td><td>2.5</td><td>.2</td><td>*</td><td>-</td><td>3.5</td><td>-</td><td>-</td></tr><tr><td>Total land, structures, and equipment (net)</td><td>-10.8</td><td>-3.5</td><td>-1.9</td><td>-.2</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral</td><td>90.8</td><td>-</td><td>.6</td><td>.1</td><td>-</td><td>-</td><td>3.5</td><td>-</td><td>-</td></tr><tr><td>Loss: Reserve for losses</td><td>34,961.0</td><td>178.7</td><td>590.1</td><td>48.6</td><td>2,182.0</td><td>5.2</td><td>5,425.2</td><td>1.1</td><td>10.6</td></tr><tr><td>Total assets</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes on page 72.
(Continued on following page)
January 1954
65
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Total</th><th colspan="4">Department of Agriculture</th><th>Department of the Army</th><th>Department of Commerce</th><th>Department of Health, Education, and Welfare</th><th>Department of the Interior</th></tr><tr><th></th><th></th><th>Farm Credit Administration</th><th>Farmers' Home Administration</th><th>Disaster Loans, etc., Revolving Fund, Farmers' Home Administration</th><th>Rural Electrification Administration</th><th>Guaranteed loans (World War II)</th><th>Federal Maritime Board and Maritime Administration 21/</th><th>Office of Education</th><th>Loans to students</th><th>Indian loans</th></tr><tr><th colspan="11">LIABILITIES</th></tr><tr><td>Accounts payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>93.7</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>32.7</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>114.6</td><td>-</td><td>*</td><td>-</td><td>.1</td><td>-</td><td>91.3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total accounts payable</td><td>208.2</td><td>-</td><td>*</td><td>-</td><td>.1</td><td>-</td><td>124.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>89.0</td><td>-</td><td>.7</td><td>-</td><td>9.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government corporations and agencies</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>148.4</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>145.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total accrued liabilities</td><td>237.4</td><td>-</td><td>.7</td><td>-</td><td>10.1</td><td>-</td><td>145.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>132.5</td><td>-</td><td>.7</td><td>-</td><td>.3</td><td>-</td><td>.6</td><td>.2</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>25.9</td><td>-</td><td>7.3</td><td>-</td><td>*</td><td>-</td><td>4.6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total trust and deposit liabilities</td><td>158.4</td><td>-</td><td>8.0</td><td>-</td><td>.3</td><td>-</td><td>5.2</td><td>.2</td><td>-</td><td>-</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>6,497.9</td><td>-</td><td>171.8</td><td>-</td><td>1,982.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government corporations and agencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed by United States</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others: Guaranteed by United States</td><td>62.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>6,560.4</td><td>-</td><td>171.8</td><td>-</td><td>1,982.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deferred and undistributed credits</td><td>70.0</td><td>*</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other liabilities (including reserves)</td><td>197.2</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>8.3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>7,431.7</td><td>*</td><td>180.5</td><td>*</td><td>1,993.2</td><td>-</td><td>282.8</td><td>.2</td><td>-</td><td>-</td></tr><tr><th colspan="11">PROPRIETARY INTEREST</th></tr><tr><td>Expended appropriations</td><td>30,286.1</td><td>492.8</td><td>521.9</td><td>95.6</td><td>219.7</td><td>5.2</td><td>5,142.4</td><td>1.1</td><td>12.3</td><td>-</td></tr><tr><td>Excess of income, or expense (-), cumulative</td><td>-2,756.8</td><td>-314.1</td><td>-112.2</td><td>-47.0</td><td>-30.9</td><td>-</td><td>-</td><td>-2</td><td>-1.7</td><td>-</td></tr><tr><td>Total proprietary interest</td><td>27,529.3</td><td>178.7</td><td>409.6</td><td>48.6</td><td>188.8</td><td>5.2</td><td>5,142.4</td><td>.9</td><td>10.6</td><td>-</td></tr><tr><td>Total liabilities and proprietary interest</td><td>34,961.0</td><td>178.7</td><td>590.1</td><td>8.6</td><td>2,182.0</td><td>5.2</td><td>5,425.2</td><td>1.1</td><td>10.6</td><td>-</td></tr><tr><th colspan="11">CONTINGENT LIABILITIES</th></tr><tr><td>Guaranteed loans</td><td>703.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>61.5</td><td>-</td><td>58.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th colspan="11">ANALYSIS OF INVESTMENT OF UNITED STATES</th></tr><tr><td>Expanded appropriations</td><td>30,286.1</td><td>492.8</td><td>521.9</td><td>95.6</td><td>219.7</td><td>5.2</td><td>5,142.4</td><td>1.1</td><td>12.3</td><td>-</td></tr><tr><td>Treasury loans to Government corporations</td><td>-6,331.5</td><td>171.8</td><td>171.8</td><td>-</td><td>1,982.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net investment of United States</td><td>23,954.6</td><td>492.8</td><td>693.7</td><td>95.6</td><td>2,202.4</td><td>5.2</td><td>5,142.4</td><td>1.1</td><td>12.3</td><td>-</td></tr><tr><td>Exces of income, or expense (-)</td><td>-2,756.8</td><td>-314.1</td><td>-112.2</td><td>-47.0</td><td>-30.9</td><td>-</td><td>-</td><td>-2</td><td>-1.7</td><td>-</td></tr><tr><td>Book value of U. S. interest, including interagency items</td><td>21,197.8</td><td>178.7</td><td>581.4</td><td>48.6</td><td>2,171.5</td><td>5.2</td><td>5,142.4</td><td>.9</td><td>10.6</td><td>-</td></tr><tr><td>Interagency items - net amounts due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agencies reporting, excluding Treasury loans</td><td>-</td><td>-</td><td>.7</td><td>-</td><td>9.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government agencies and corporations</td><td>-2,548.0</td><td>-178.5</td><td>.7</td><td>-</td><td>.3</td><td>-</td><td>-2.2</td><td>.2</td><td>-</td><td>-</td></tr><tr><td>Book value of U. S. interest, after exclusion of interagency items</td><td>18,649.8</td><td>.2</td><td>582.7</td><td>48.6</td><td>2,181.5</td><td>5.2</td><td>5,140.2</td><td>1.1</td><td>10.6</td><td>-</td></tr></table>
Footnote on page 72.
(Continued on following page)
66
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business Type Activities of the United States Government, September 30, 1953-(Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Department of the Interior - (Continued)</th><th>Department of the Treasury</th><th colspan="2">Foreign Operations Administration 31/</th><th>General Services Administration</th><th colspan="4">Housing and Home Finance Agency</th></tr><tr><th></th><th>Puerto Rico Reconstruction Administration 30/</th><th>Miscellaneous loans and certain other assets</th><th>Guaranty program</th><th>Loan program</th><th>Public Works Administration (in liquidation)</th><th>Federal Housing Administration</th><th>Home Loan Bank Board</th><th>Office of the Administrator</th><th>Alaska housing program</th><th>Community facilities service</th></tr><tr><td colspan="11">ASSETS</td></tr><tr><td>Cash: 2/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>On hand and in banks</td><td>-</td><td>-</td><td>5.0</td><td>-</td><td>-</td><td>51.1</td><td>*</td><td>4.7</td><td>-</td><td>.4</td></tr><tr><td>With U.S. Treasury</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loans receivable:</td><td>-</td><td>12,829.4 32/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Agricultural credit corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>4.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38.0</td><td>-</td><td>14.7</td><td>-</td><td>-</td></tr><tr><td>To aid home owners: Mortgage loans, etc.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid industry:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Railroads</td><td>-</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>27.5</td><td>-</td><td>-</td><td>86.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.0</td></tr><tr><td>To aid States, Territories, etc.</td><td>-</td><td>-</td><td>-</td><td>1,532.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans</td><td>-</td><td>3,666.3 33/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other loans (not otherwise classified)</td><td>4.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.6</td><td>-</td><td>-.3</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total loans receivable (net)</td><td>8.0</td><td>16,525.3</td><td>-</td><td>1,532.9</td><td>86.0</td><td>37.3</td><td>-</td><td>14.3</td><td>-</td><td>1.0</td></tr><tr><td>Accounts and notes receivable:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5.8</td><td>-</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5.8</td><td>-</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Total accounts and notes receivable (net)</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accrued assets:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>129.1</td><td>-</td><td>-</td><td>-</td><td>2.0</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>8.8</td><td>-.8</td><td>-</td><td>-</td><td>-.1</td><td>-</td><td>*</td></tr><tr><td>Others</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</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 accrued assets (net)</td><td>*</td><td>129.1</td><td>-</td><td>8.8</td><td>.8</td><td>2.0</td><td>-</td><td>-.1</td><td>-</td><td>*</td></tr><tr><td>Commodities, supplies, and materials</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Investments:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public debt obligations of the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>318.2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of Government corporations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock and paid-in surplus of Government corporations</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 securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>International Bank for Reconstruction and Development - stock</td><td>-</td><td>635.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International Monetary Fund - subscriptions</td><td>-</td><td>2,750.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</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 investments (net)</td><td>*</td><td>3,385.0</td><td>-</td><td>-</td><td>-</td><td>318.6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hold for use or sale</td><td>2.5</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>24.5</td></tr><tr><td>Less: Reserve for depreciation</td><td>-.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total land, structures, and equipment (net)</td><td>1.8</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>24.5</td></tr><tr><td>Acquired security or collateral</td><td>-</td><td>3.7</td><td>-</td><td>-</td><td>-</td><td>168.6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-.7</td><td>-</td><td>-</td><td>-</td><td>-.56.5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquired security or collateral (net)</td><td>-</td><td>3.0</td><td>-</td><td>-</td><td>-</td><td>112.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deferred and undistributed charges</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 assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>2.8</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>2.8</td></tr><tr><td>Total assets</td><td>10.0</td><td>20,039.4</td><td>5.0</td><td>1,541.7</td><td>88.0</td><td>528.0</td><td>*</td><td>19.1</td><td>-</td><td>29.0</td></tr></table>
Footnotes on page 72.
(Continued on following page)
January 1954
67
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th>Department of the Interior - (Continued)</th><th>Department of the Treasury</th><th>Foreign Operations Administration 21/</th><th>General Services Administration</th><th colspan="4">Housing and Home Finance Agency</th></tr><tr><th></th><th> Puerto Rico Reconstruction Administration 30/</th><th>Miscellaneous loans and certain other assets</th><th>Guaranty program</th><th>Loan program</th><th>Public Works Administration (in liquidation)</th><th>Federal Housing Administration</th><th>Home Loan Bank Board H.O.L.C. liquidation unit</th><th>Office of the Administrator Alaska housing program</th><th>Community facilities service</th></tr><tr><td colspan="9">LIABILITIES</td></tr><tr><td>Accounts payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>35.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Others</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>3.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total accounts payable</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>38.7</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. Treasury</td><td>*</td><td>*</td><td>.1</td><td>59.2</td><td>*</td><td>3.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Other Government corporations and agencies</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>.1</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Others</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>.6</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total accrued liabilities</td><td>*</td><td>*</td><td>.1</td><td>59.2</td><td>*</td><td>4.0</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>.1</td><td>129.1</td><td>*</td><td>*</td><td>*</td><td>1.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Others</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>8.0</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total trust and deposit liabilities</td><td>.1</td><td>129.1</td><td>*</td><td>*</td><td>*</td><td>9.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. Treasury</td><td>*</td><td>*</td><td>3.9</td><td>1,188.2</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Other Government corporations and agencies</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Guaranteed by United States</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>62.2</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Others: Guaranteed by United States</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>*</td><td>*</td><td>3.9</td><td>1,188.2</td><td>*</td><td>62.5</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Deferred and undistributed credits</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>68.9</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Other liabilities (including reserves)</td><td>*</td><td>*</td><td>5.0</td><td>*</td><td>*</td><td>147.2 34/</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total liabilities</td><td>.2</td><td>129.1</td><td>9.0</td><td>1,247.4</td><td>*</td><td>330.6</td><td>*</td><td>*</td><td>*</td></tr><tr><td colspan="9">PROPRIETARY INTEREST</td></tr><tr><td>Expanded appropriations</td><td>63.6</td><td>19,910.3 35/</td><td>*</td><td>344.2</td><td>1,673.7</td><td>12.9</td><td>*</td><td>19.0</td><td>39.6</td></tr><tr><td>Excess of income, or expense (-), cumulative</td><td>-53.7</td><td>*</td><td>-4.0</td><td>-49.9</td><td>-1,585.7</td><td>184.6</td><td>*</td><td>.1</td><td>-10.7</td></tr><tr><td>Total proprietary interest</td><td>9.8</td><td>19,910.3</td><td>-4.0</td><td>294.3</td><td>88.0</td><td>197.5</td><td>*</td><td>19.1</td><td>29.0</td></tr><tr><td>Total liabilities and proprietary interest</td><td>10.0</td><td>20,039.4</td><td>5.0</td><td>1,541.7</td><td>88.0</td><td>528.0</td><td>*</td><td>19.1</td><td>29.0</td></tr><tr><td colspan="9">CONTINGENT LIABILITIES</td></tr><tr><td>Guaranteed loans</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Others</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>2.7</td><td>*</td><td>*</td><td>*</td></tr><tr><td colspan="9">ANALYSIS OF INVESTMENT OF UNITED STATES</td></tr><tr><td>Expanded appropriations</td><td>63.6</td><td>19,910.3</td><td>*</td><td>344.2</td><td>1,673.7</td><td>12.9</td><td>*</td><td>19.0</td><td>39.6</td></tr><tr><td>Treasury loans to Government corporations</td><td>*</td><td>-12,829.4</td><td>3.9</td><td>1,188.2</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Net investment of United States</td><td>63.6</td><td>7,080.9</td><td>3.9</td><td>1,532.4</td><td>1,673.7</td><td>12.9</td><td>*</td><td>19.0</td><td>39.6</td></tr><tr><td>Excess of income, or expense (-)</td><td>-53.7</td><td>*</td><td>-4.0</td><td>-49.9</td><td>-1,585.7</td><td>184.6</td><td>*</td><td>.1</td><td>-10.7</td></tr><tr><td>Book value of U.S. interest, including interagency items</td><td>9.8</td><td>7,080.9</td><td>-1.1</td><td>1,482.5</td><td>88.0</td><td>197.5</td><td>*</td><td>19.1</td><td>29.0</td></tr><tr><td>Interagency items - net amounts due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agencies reporting, excluding Treasury loans</td><td>*</td><td>-89.0</td><td>.1</td><td>59.2</td><td>*</td><td>3.3</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Other Government agencies and corporations</td><td>.1</td><td>89.0</td><td>*</td><td>*</td><td>*</td><td>36.9</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Book value of U.S. interest, after exclusion of interagency items</td><td>10.0</td><td>7,080.9</td><td>*</td><td>1,541.7</td><td>88.0</td><td>237.7</td><td>*</td><td>19.1</td><td>29.0</td></tr></table>
Footnotee on page 72.
(Continued on following page)
68
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th colspan="5">Office of the Administrator - (Continued)</th><th colspan="4">Public Housing Administration</th><th>Veterans' Administration</th></tr><tr><th></th><th>Housing loans for educational institutions</th><th>Investment in Federal National Mortgage Association</th><th>Prefabricated housing loans program</th><th>Revolving fund for development of isolated defense sites</th><th>Slum clearance program</th><th>Farm Security Administration program</th><th>Public war housing program</th><th>Veterans' re-use housing program</th><th>Guaranteed loans to veterans</th></tr><tr><td colspan="11">ASSETS</td></tr><tr><td>Cash: 2/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>On hand and in banks</td><td>4.3</td><td>-</td><td>5.6</td><td>6.2</td><td>6.5</td><td>1.2</td><td>54.5</td><td>2.1</td><td>.7</td></tr><tr><td>With U.S. Treasury</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>2,466.4</td><td>36/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agricultural credit corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.7</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8.7</td><td>-</td><td>-</td><td>41.8</td></tr><tr><td>To aid home owners: Mortgage loans, etc.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid industry:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Railroads</td><td>-</td><td>-</td><td>9.2</td><td>-</td><td>-</td><td>.6</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26.6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid States, Territories, etc.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other loans (not otherwise classified)</td><td>20.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23.8</td><td>.1</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>*</td><td>-</td><td>.2</td><td>-</td><td>.8</td><td>-</td><td>-.2</td><td>-</td><td>-</td></tr><tr><td>Total loans receivable (net)</td><td>20.8</td><td>2,466.4</td><td>9.1</td><td>-</td><td>25.8</td><td>9.3</td><td>23.6</td><td>.1</td><td>42.7</td></tr><tr><td>Accounts and notes receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>.1</td><td>7.0</td><td>1.3</td><td>22.6</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-.2</td><td>-.6</td><td>-12.4</td></tr><tr><td>Total accounts and notes receivable (net)</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>.1</td><td>7.1</td><td>.7</td><td>10.2</td></tr><tr><td>Accrued assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>13.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>.2</td><td>-</td><td>.1</td><td>-</td><td>.4</td><td>*</td><td>.1</td><td>*</td><td>.1</td></tr><tr><td>Less: Reserve for losses</td><td>*</td><td>-</td><td>*</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Total accrued assets (net)</td><td>.2</td><td>13.1</td><td>.1</td><td>-</td><td>.4</td><td>*</td><td>.1</td><td>*</td><td>.1</td></tr><tr><td>Commodities, supplies, and materials</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of Government corporations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock and paid-in surplus of Government corporations</td><td>-</td><td>21.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>International Bank for Reconstruction and Development - stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International Monetary Fund - subscriptions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investments (net)</td><td>-</td><td>21.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Hold for use or sale</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.8</td><td>856.7</td><td>14.0</td><td>-</td></tr><tr><td>Less: Reserve for depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total land, structures, and equipment (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.6</td><td>856.7</td><td>14.0</td><td>-</td></tr><tr><td>Acquired security or collateral</td><td>-</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>10.4</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquired security or collateral (net)</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>10.4</td></tr><tr><td>Deferred and undistributed charges</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>*</td><td>-</td></tr><tr><td>Other assets</td><td>-</td><td>-</td><td>4.9</td><td>-</td><td>-</td><td>-</td><td>11.9</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-.4.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other assets (net)</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>11.9</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>25.2</td><td>2,500.5</td><td>14.8</td><td>6.2</td><td>32.7</td><td>12.2</td><td>954.5</td><td>16.9</td><td>64.2</td></tr></table>
Footnotes on page 72.
(Continued on following page)
January 1954
69
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
<table><tr><th>Account</th><th colspan="5">Office of the Administrator - (Continued)</th><th colspan="3">Public Housing Administration</th><th>Veterans' Administration</th></tr><tr><th></th><th>Housing loans for educational institutions</th><th>Investment in Federal National Mortgage Association</th><th>Prefabricated housing loans program</th><th>Revolving fund for development of isolated defense sites</th><th>Slum clearance program</th><th>Farm Security Administration program</th><th>Public war housing program</th><th>Veterans' re-use housing program</th><th>Guaranteed loans to veterans</th></tr><tr><td colspan="10">LIABILITIES</td></tr><tr><td>Accounts payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>4.6</td><td>1.1</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>4.6</td><td>1.1</td><td>-</td></tr><tr><td>Total accounts payable</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>4.6</td><td>1.1</td><td>-</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. Treasury</td><td>.1</td><td>13.2</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</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 accrued liabilities</td><td>.1</td><td>13.2</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>*</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>.2</td><td>1.0</td><td>*</td><td>.7</td><td>-</td></tr><tr><td>Total trust and deposit liabilities</td><td>*</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>.2</td><td>1.0</td><td>*</td><td>.7</td><td>-</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. Treasury</td><td>25.0</td><td>2,487.4</td><td>18.8</td><td>-</td><td>33.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government corporations and agencies:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others: Guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>25.0</td><td>2,487.4</td><td>18.8</td><td>-</td><td>33.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deferred and undistributed credits</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>.9</td><td>*</td><td>.1</td></tr><tr><td>Other liabilities (including reserves)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15.6</td><td>.2</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>25.1</td><td>2,500.6</td><td>19.1</td><td>-</td><td>33.4</td><td>.2</td><td>22.1</td><td>.3</td><td>.8</td><td>-</td></tr><tr><td colspan="10">PROPRIETARY INTEREST</td></tr><tr><td>Expanded appropriations</td><td>-</td><td>-</td><td>-</td><td>6.2</td><td>8.7</td><td>41.4</td><td>1,135.1</td><td>448.8</td><td>72.7</td><td>-</td></tr><tr><td>Excess of income, or expense (-), cumulative</td><td>*</td><td>-.1</td><td>-.3</td><td>-</td><td>-9.4</td><td>-29.4</td><td>-202.6</td><td>-432.2</td><td>-9.3</td><td>-</td></tr><tr><td>Total proprietary interest</td><td>*</td><td>-.1</td><td>-.3</td><td>6.2</td><td>-.7</td><td>12.0</td><td>932.4</td><td>16.6</td><td>63.4</td><td>-</td></tr><tr><td>Total liabilities and proprietary interest</td><td>25.2</td><td>2,500.5</td><td>14.8</td><td>6.2</td><td>32.7</td><td>12.2</td><td>954.5</td><td>16.9</td><td>64.2</td><td>-</td></tr><tr><td colspan="10">CONTINGENT LIABILITIES</td></tr><tr><td>Guaranteed loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="10">ANALYSIS OF INVESTMENT OF UNITED STATES</td></tr><tr><td>Expanded appropriations</td><td>-</td><td>-</td><td>-</td><td>6.2</td><td>8.7</td><td>41.4</td><td>1,135.1</td><td>448.8</td><td>72.7</td><td>-</td></tr><tr><td>Treasury loans to Government corporations</td><td>25.0</td><td>2,487.4</td><td>18.8</td><td>-</td><td>33.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net investment of United States</td><td>25.0</td><td>2,487.4</td><td>18.8</td><td>6.2</td><td>41.7</td><td>41.4</td><td>1,135.1</td><td>448.8</td><td>72.7</td><td>-</td></tr><tr><td>Excess of income, or expense (-)</td><td>*</td><td>-.1</td><td>-.3</td><td>-</td><td>-9.4</td><td>-29.4</td><td>-202.6</td><td>-432.2</td><td>-9.3</td><td>-</td></tr><tr><td>Book value of U.S. interest, including inter-agency items</td><td>25.0</td><td>2,487.3</td><td>14.5</td><td>6.2</td><td>32.3</td><td>12.0</td><td>932.4</td><td>16.6</td><td>63.4</td><td>-</td></tr><tr><td>Interagency items - net amounts due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agencies reporting, excluding Treasury loans</td><td>.1</td><td>13.2</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Government agencies and corporations</td><td>-</td><td>-2,500.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Book value of U.S. interest, after exclusion of interagency items</td><td>25.1</td><td>-</td><td>14.6</td><td>6.2</td><td>32.4</td><td>12.0</td><td>932.1</td><td>16.6</td><td>63.4</td><td>-</td></tr></table>
Footnotes on page 72.
(Continued on following page)
70
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th colspan="2">Veterans' Administration - (Continued)</th><th colspan="6">Defense Production Act of 1950, as amended</th></tr><tr><th></th><th>Veterans' canteen service</th><th>Veterans' direct loan program</th><th>Atomic Energy Commission</th><th>Department of the Air Force</th><th>Department of the Army</th><th>Department of Commerce</th><th>Department of the Interior</th><th>Department of the Navy</th><th>General Services Administration 37/ Loan guarantees</th><th>Revolving fund 38/</th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash: 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On hand and in banks</td><td>2.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.7</td></tr><tr><td>With U. S. Treasury</td><td>1.3</td><td>67.4</td><td>*</td><td>4.7</td><td>3.8</td><td>*</td><td>2.0</td><td>4.2</td><td>-</td><td>10.7</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>To aid agriculture:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agricultural credit corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cooperative associations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Crop, livestock, and commodity loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm mortgage loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid home owners: Mortgage loans, etc.</td><td>-</td><td>233.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid industry:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Railroads</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.6</td><td>-</td><td>8.0</td><td>4.2</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>To aid States, Territories, etc.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign loans</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 loans (not otherwise classified)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</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 loans receivable (net)</td><td>-</td><td>233.3</td><td>-</td><td>-</td><td>4.6</td><td>-</td><td>8.0</td><td>4.2</td><td>-</td><td>-</td></tr><tr><td>Accounts and notes receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.8</td><td>18.6</td></tr><tr><td>Others</td><td>.3</td><td>.1</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3.3</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.1</td></tr><tr><td>Total accounts and notes receivable (net)</td><td>.3</td><td>.1</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>.8</td><td>21.9</td></tr><tr><td>Accrued assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on public debt obligations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.8</td><td>.6</td></tr><tr><td>Less: Reserve for losses</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 accrued assets (net)</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.8</td><td>.6</td></tr><tr><td>Commodities, supplies, and materials</td><td>3.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>141.0</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt obligations of the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of Government corporations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock and paid-in surplus of Government corporations</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 securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>International Bank for Reconstruction and Development - stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International Monetary Fund - subscriptions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</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 investments (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Hold for use or sale</td><td>3.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38.4</td></tr><tr><td>Less: Reserve for depreciation</td><td>-.1.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.2.3</td></tr><tr><td>Total land, structures, and equipment (net)</td><td>2.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>36.2</td></tr><tr><td>Acquired security or collateral</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Reserve for losses</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 acquired security or collateral (net)</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deferred and undistributed charges</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.4</td></tr><tr><td>Other assets</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>72.1</td></tr><tr><td>Less: Reserve for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-.1</td></tr><tr><td>Total other assets (net)</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>71.3</td></tr><tr><td>Total assets</td><td>10.5</td><td>301.1</td><td>*</td><td>4.7</td><td>8.4</td><td>*</td><td>10.0</td><td>8.4</td><td>1.5</td><td>287.2</td></tr></table>
(Continued on following page)
January 1954
71
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, September 30, 1953 - (Continued)
(In millions of dollars)
<table><tr><th>Account</th><th colspan="2">Veterans' Administration - (Continued)</th><th colspan="6">Defense Production Act of 1950, as amended</th><th></th></tr><tr><th></th><th>Veterans' canteen service</th><th>Veterans' direct loan program</th><th>Atomic Energy Commission</th><th>Department of the Air Force</th><th>Department of the Army</th><th>Department of Commerce</th><th>Department of the Interior</th><th>Department of the Navy</th><th>General Services Administration 37/ Loan guarantees</th><th>Revolving fund 38/</th></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Account payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>25.5</td></tr><tr><td>Others</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13.8</td></tr><tr><td>Total accounte payable</td><td>1.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>39.3</td></tr><tr><td>Accrued liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>-</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>1.4</td></tr><tr><td>Other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.4</td></tr><tr><td>Total accrued liabilities</td><td>.7</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>2.8</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government corporations and agencies</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Others</td><td>.2</td><td>3.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Total trust and deposit liabilities</td><td>.3</td><td>3.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U. S. Treasury</td><td>-</td><td>291.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12.0</td><td>-</td><td>-</td><td>283.7</td></tr><tr><td>Other Government corporations and agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others: Guaranteed by United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total bonds, debentures, and notes payable</td><td>-</td><td>291.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12.0</td><td>-</td><td>-</td><td>283.7</td></tr><tr><td>Deferred and undistributed credite</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 liabilities (including reserves)</td><td>*</td><td>-</td><td>-</td><td>4.7</td><td>3.7</td><td>-</td><td>-</td><td>3.9</td><td>-</td><td>8.6</td></tr><tr><td>Total liabilities</td><td>2.3</td><td>295.9</td><td>-</td><td>4.7</td><td>3.7</td><td>-</td><td>12.0</td><td>3.9</td><td>-</td><td>334.6</td></tr><tr><td>PROPRIETARY INTEREST</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Expended appropriations</td><td>2.6</td><td>-</td><td>-</td><td>-</td><td>4.7</td><td>-</td><td>-</td><td>4.5</td><td>-</td><td>7.1</td></tr><tr><td>Excess of income, or expense (-), cumulative</td><td>5.6</td><td>5.2</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-2.0</td><td>-</td><td>1.6</td><td>-54.4</td></tr><tr><td>Total proprietary interest</td><td>8.2</td><td>5.2</td><td>*</td><td>4.7</td><td>-</td><td>*</td><td>-2.0</td><td>4.5</td><td>1.6</td><td>-47.3</td></tr><tr><td>Total liabilities and proprietary interest</td><td>10.5</td><td>301.1</td><td>*</td><td>4.7</td><td>8.4</td><td>*</td><td>10.0</td><td>8.4</td><td>1.6</td><td>287.2</td></tr><tr><td>CONTINGENT LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed loans</td><td>-</td><td>-</td><td>.4</td><td>292.4</td><td>158.5</td><td>.2</td><td>-</td><td>159.6</td><td>91.4</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>ANALYSIS OF INVESTMENT OF UNITED STATES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Expended appropriations</td><td>2.6</td><td>-</td><td>-</td><td>-</td><td>4.7</td><td>-</td><td>-</td><td>4.5</td><td>-</td><td>7.1</td></tr><tr><td>Treasury loans to Government corporations</td><td>-</td><td>291.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12.0</td><td>-</td><td>-</td><td>283.7</td></tr><tr><td>Net investment of United States</td><td>2.6</td><td>291.4</td><td>-</td><td>-</td><td>4.7</td><td>-</td><td>12.0</td><td>4.5</td><td>-</td><td>290.8</td></tr><tr><td>Excess of income, or expense (-)</td><td>5.6</td><td>5.2</td><td>*</td><td>-</td><td>4.7</td><td>*</td><td>-2.0</td><td>-</td><td>1.6</td><td>-54.4</td></tr><tr><td>Book value of U. S. interest, including interagency items</td><td>8.2</td><td>296.6</td><td>*</td><td>-</td><td>4.7</td><td>*</td><td>10.0</td><td>4.5</td><td>1.6</td><td>236.4</td></tr><tr><td>Interagency items - net amounts due to, or from (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Agencies reporting, excluding Treasury loans</td><td>-</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-.8</td><td>2.2</td></tr><tr><td>Other Government agencies and corporations</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6.2</td></tr><tr><td>Book value of U. S. interest, after exclusion of interagency items</td><td>8.3</td><td>297.7</td><td>*</td><td>-</td><td>4.7</td><td>*</td><td>10.0</td><td>4.5</td><td>.8</td><td>244.7</td></tr></table>
Footnotes on page 72.
72
Treasury Bulletin
L CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Tables 2 and 3
Note: The reports as received are revised by the Treasury Department to adjust for certain interagency items and therefore may not agree exactly with statements issued by the respective corporations and business-type activities.
1/ Figures are as of August 31, 1953, the latest available.
2/ Exclude unexpended balances of appropriated funds.
3/ Includes $430.0 million guaranteed loans held by lending agencies.
4/ Include real estate sales contracts.
5/ Include matured interest amounting to $.1 million for which cash has been deposited with the Treasurer of the United States.
6/ Represents matured obligations for which cash has been deposited with the Treasurer of the United States.
7/ Includes $.2 million deposits to "Guaranty Fund".
8/ Includes $.6 million advanced from a revolving fund which has been established by appropriations.
9/ Includes deficit resulting from administrative expenses amounting to $79.4 million.
10/ Represents Reconstruction Finance Corporation proprietary interest in a Government corporation.
11/ This Corporation formerly shown under the Department of State, was transferred to the Foreign Operations Administration pursuant to Reorganization Plan No. 7 of 1953, effective August 1, 1953. Figures are as of August 31, 1953, the latest available.
12/ Represents activities under United States Housing Act, as amended. War housing and other operations of the Administration are shown in Table 3.
13/ Includes $33.0 million guaranteed loans held by lending agencies.
14/ The final repayment of capital stock was covered into miscellaneous receipts of the U. S. Treasury on August 31, 1948.
15/ The surplus is not available by law for dividend distribution and is considered by the Corporation as a reserve for future deposit insurance losses and related expenses with respect to insured banks.
16/ The surplus is considered by the Corporation as available for future insurance losses and related expenses with respect to insured institutions.
17/ Figure is as of June 30, 1953, the latest available.
18/ The balance sheet is subject to substantial change pending establishment of a complete plant inventory and appraisal of net assets transferred from the Canal to the Company.
19/ Figures are as of September 28, 1953. On September 29, 1953, pursuant to Public Law 163, 83d Congress, approved July 30, 1953, the Reconstruction Finance Corporation started liquidation of its activities except those which existing law or this law permit to be transferred elsewhere.
20/ Represents assets held for the Treasury in accordance with provisions of act of June 30, 1948 (62 Stat. 1187-1189), which provided for cancellation of Reconstruction Finance Corporation notes in the amount of $9,313.7 million, plus interest accrued thereon subsequent to June 30, 1947, representing unrecovered costs to the Corporation as of June 30, 1947, in its national defense, war, and reconversion activities, and stipulated that any amounts recovered by the Corporation with respect to these activities subsequent to June 30, 1947,
should, after deduction of related expenses, be deposited in the United States Treasury as miscellaneous receipts. Figures are as of September 28, 1953 (see footnote 19).
21/ Figures are as of September 28, 1953 (see footnote 19).
22/ Figures are as of September 28, 1953. Pursuant to Public Law 163, 83d Congress, approved July 30, 1953, and Executive Order No. 10489, dated September 26, 1953, the activities carried on in accordance with this act were transferred to the Secretary of the Treasury, effective at the close of business on September 28, 1953.
23/ Figures are as of September 27, 1953, and represent activities carried on pursuant to section 409 of the Federal Civil Defense Act of 1950 dated January 12, 1951 (64 Stat. 1257). In accordance with Public Law 163, 83d Congress, approved July 30, 1953, the activities carried on under this section were transferred to the Secretary of the Treasury on September 28, 1953.
24/ Includes loans for national defense.
25/ Represents excess of unliquidated assets over liabilities transferred to Reconstruction Finance Corporation.
26/ Consists of net income from power operations of $231.4 million and net expense of non-income-producing programs of $148.7 million.
27/ Figures are as of June 30, 1953, the latest available, and are shown on a preliminary basis.
28/ Represents expanded appropriations and excess of income or expense. Figures representing each of the two amounts are not available at this time.
29/ Represents total Treasury loans to Government corporations. Deducted in this analysis because credit has been taken in the Corporation analysis in Table 2.
30/ Pursuant to Public Law 276, 83d Congress, approved August 15, 1953, the Secretary of the Interior was authorized and directed to start liquidation of the Administration.
31/ This Administration superseded the Mutual Security Agency, effective August 1, 1953, pursuant to Reorganization Plan No. 7 of 1953 and Executive Order No. 10476, dated August 1, 1953.
32/ Represents obligations of Government corporations and business-type activities as shown under "Bonds, debentures, and notes payable - United States Treasury".
33/ Includes $3,660.4 million loan to the United Kingdom. Partial repayments were made on December 31, 1952, and December 31, 1952, aggregating $89.6 million.
34/ Includes $127.5 million reserves for contingent losses, expenses, and other charges.
35/ Includes subscriptions to International Monetary Fund and Bank and loan to United Kingdom (see footnote 33).
36/ Represents advances made by the Administrator to Federal National Mortgage Association. Funds for such advances have been borrowed by the Administrator from the Treasury.
37/ Pursuant to Executive Order No. 10480, dated August 14, 1953, the Defense Materials Procurement Agency was abolished, and its activities were transferred to the General Services Administration.
38/ Represents revolving fund, defense materials procurement activities.
* Less than $50,000.
January 1954
73
CUMULATIVE TABLE OF CONTENTS
February 1953 through January 1954
<table><tr><th rowspan="2"></th><th colspan="12">Issue and page number</th></tr><tr><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th></tr><tr><td colspan="13">1953</td><td>1954</td></tr><tr><td>Article:</td><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 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 colspan="13">Budget receipts and expenditures:</td></tr><tr><td>Receipts by principal sources</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures by major classifications</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures for national defense and related activities</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>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>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Summary of budget results by months and years</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Detail of budget receipts and deductions by months and years</td><td>6</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Detail of budget expenditures by months and years</td><td>9</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>5</td><td>...</td></tr><tr><td>Social Security Act</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>...</td><td>...</td><td>...</td></tr><tr><td>Railroad Retirement Act</td><td>16</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>...</td><td>6</td><td>...</td><td>...</td></tr><tr><td>Railroad Unemployment Insurance Act</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><td>...</td></tr><tr><td colspan="13">Trust account and other transactions:</td></tr><tr><td>Summary of trust account and other transactions</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><td>5</td></tr><tr><td>Trust account receipts</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><td>5</td></tr><tr><td>Trust account expenditures other than net investments</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><td>6</td></tr><tr><td>Net investments of Government agencies in public debt securities</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><td>6</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</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><td>...</td></tr><tr><td>Railroad Retirement Account</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><td>...</td></tr><tr><td>Unemployment Trust Fund</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><td>...</td></tr><tr><td>National Service Life Insurance Fund</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><td>...</td></tr><tr><td colspan="13">Treasury cash income and outgo:</td></tr><tr><td>Summary of cash transactions</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><td>7</td></tr><tr><td>Derivation of cash budget receipts</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><td>7</td></tr><tr><td>Derivation of cash budget expenditures</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><td>8</td></tr><tr><td>Derivation of cash trust account transactions</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><td>8</td></tr><tr><td>Derivation of cash borrowing or repayment of borrowing</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><td>9</td></tr><tr><td>Cash operating income and outgo by months</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><td>...</td></tr><tr><td colspan="13">Debt outstanding and general fund:</td></tr><tr><td>Summary of Federal securities</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><td>10</td></tr><tr><td>Net change in Federal securities</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>...</td><td>...</td><td>...</td></tr><tr><td>Interest-bearing public debt</td><td>26</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>10</td><td>10</td><td>14</td><td>10</td><td>10</td></tr><tr><td>Net change in interest-bearing public debt</td><td>26</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>10</td><td>10</td><td>14</td><td>10</td><td>10</td></tr><tr><td>Special issues to U. S. Government investment accounts</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><td>11</td></tr><tr><td>Computed interest charge and computed interest rate on Federal securities</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><td>11</td></tr><tr><td>Treasury holdings of securities issued by Government corporations and other agencies</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><td>12</td></tr><tr><td>Status of the general fund of the Treasury</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><td>12</td></tr><tr><td>Public debt and guaranteed securities outstanding by months</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><td>...</td></tr><tr><td>General fund balance by months</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><td>...</td></tr><tr><td colspan="13">Statutory debt limitation:</td></tr><tr><td>Status under limitation</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><td>13</td></tr><tr><td>Application of limitation to public debt and guaranteed securities outstanding</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><td>13</td></tr><tr><td colspan="13">Debt operations:</td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities issued by the U. S. Government</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><td>14</td></tr><tr><td>Offerings of Treasury bills</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><td>16</td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness</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><td>17</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness</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><td>18</td></tr></table>
(Continued on following page)
74
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
February 1953 through January 1954 - (Continued)
<table><tr><th></th><th colspan="11">Issue and page number</th></tr><tr><th></th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th></tr><tr><td colspan="13">United States savings bonds:</td></tr><tr><td>Cumulative sales and redemptions by series.</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><td>19</td></tr><tr><td>Sales and redemptions by periods, all series combined.</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><td>19</td></tr><tr><td>Sales and redemptions by periods, Series E through K.</td><td>37</td><td>28</td><td>28</td><td>28</td><td>28</td><td>28</td><td>28</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td></tr><tr><td>Redemptions of matured and unmatured bonds.</td><td>31</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td><td>32</td><td>22</td><td>22</td><td>26</td><td>22</td><td>22</td></tr><tr><td>Sales and redemptions by denominations, Series E and H and</td><td>42</td><td>...</td><td>...</td><td>33</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>27</td><td>...</td><td>...</td></tr><tr><td>Series F, G, J, and K.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>33</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Sales and redemptions by denominations, Series E and E.</td><td>44</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Sales by States, Series E and H and Series F, G, J, and K.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>34</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Sales by States, Series E and H.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td colspan="13">Treasury savings notes:</td></tr><tr><td>Cumulative sales and redemptions by series.</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><td>23</td></tr><tr><td>Sales and redemptions by periods, all series combined.</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><td>23</td></tr><tr><td colspan="13">Ownership of Federal securities:</td></tr><tr><td>Distribution by classes of investors and types of issues.</td><td>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><td>24</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury.</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><td>24</td></tr><tr><td>Estimated ownership.</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><td>25</td></tr><tr><td colspan="13">Treasury survey of ownership:</td></tr><tr><td>Ownership by banks, insurance companies, and others.</td><td>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><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>40</td><td>...</td><td>...</td><td>...</td><td>...</td><td>30</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td colspan="13">Market quotations:</td></tr><tr><td>End-of-month closing quotations on Federal securities by issues.</td><td>53</td><td>44</td><td>40</td><td>42</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 Treasury securities by issues.</td><td>...</td><td>...</td><td>...</td><td>40</td><td>40</td><td>42</td><td>34</td><td>30</td><td>35</td><td>30</td><td>30</td><td>30</td></tr><tr><td>Chart - Yields of Treasury securities.</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><td>32</td></tr><tr><td colspan="13">Average yields of long-term bonds:</td></tr><tr><td>Average yields of Treasury and corporate bonds by periods.</td><td>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><td>33</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds.</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><td>34</td></tr><tr><td colspan="13">Internal revenue collections:</td></tr><tr><td>Summary by principal sources.</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><td>35</td></tr><tr><td>Chart - Internal revenue collections by principal sources.</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><td>36</td></tr><tr><td>Detail of collections by type of tax.</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><td>37</td></tr><tr><td colspan="13">Monetary statistics:</td></tr><tr><td>Money in circulation.</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><td>39</td></tr><tr><td>Monetary stocks of gold and silver.</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><td>40</td></tr><tr><td>Cold assets and liabilities of the Treasury.</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><td>40</td></tr><tr><td>Components of silver monetary stock.</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><td>41</td></tr><tr><td>Silver production in the United States and acquisitions by mints and assay offices.</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>...</td><td>...</td></tr><tr><td>Seigniorage on silver.</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><td>42</td></tr><tr><td>Increase from reduction in weight of gold dollar (latest date September 30, 1953).</td><td>66</td><td>...</td><td>...</td><td>55</td><td>...</td><td>...</td><td>54</td><td>...</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>57</td><td>...</td><td>...</td><td>52</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td colspan="13">Exchange Stabilization Fund (latest date June 30, 1953):</td></tr><tr><td>Balance sheet.</td><td>67</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>55</td><td>...</td><td>...</td><td>48</td><td>...</td><td>...</td></tr><tr><td>Income and expense.</td><td>68</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>49</td><td>...</td><td>...</td></tr><tr><td colspan="13">Capital movements between the United States and foreign countries:</td></tr><tr><td>Summary by periods since 1935.</td><td>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><td>43</td></tr><tr><td>Summary by countries and months.</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><td>46</td></tr><tr><td>Details for latest months by countries.</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><td>50</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 colspan="13">Corporations and certain other business-type activities (latest dates September 30, 1953 and June 30, 1953):</td></tr><tr><td>Loans outstanding.</td><td>...</td><td>...</td><td>68</td><td>...</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>69</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>56</td><td>...</td><td>56</td><td>...</td></tr><tr><td>Income and expense.</td><td>...</td><td>...</td><td>71</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>63</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Source and application of funds.</td><td>...</td><td>...</td><td>74</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>70</td><td>...</td><td>...</td><td>...</td></tr></table>
GPQ 869407
<table><tr><td>Treas. HJ 10</td><td>U.S. Treasury Dept. Treasury Bulletin</td></tr><tr><td>.A2 1954 c.1</td><td></td></tr></table>
U.S. TREASURY LIBRARY
1 0031982