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ROOM 5025
JAN 3 0 1958
TREASURY DEPARTMENT
LIBRARY
ROOM 5030
JUN 2,3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER WASHINGTON 25, D.C.
OFFICIAL BUSINESS
TREASURY BULLETIN
AUGUST-1956
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
August 1956
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>6</td></tr><tr><td>Cash income and outgo</td><td>14</td></tr><tr><td>Debt outstanding and Treasurer's account</td><td>20</td></tr><tr><td>Statutory debt limitation</td><td>24</td></tr><tr><td>Debt operations</td><td>25</td></tr><tr><td>United States savings bonds</td><td>33</td></tr><tr><td>Treasury savings notes</td><td>39</td></tr><tr><td>Ownership of Federal securities</td><td>40</td></tr><tr><td>Treasury survey of ownership of Federal securities</td><td>42</td></tr><tr><td>Market quotations on Treasury securities</td><td>46</td></tr><tr><td>Average yields of long-term bonds</td><td>49</td></tr><tr><td>Internal revenue collections</td><td>51</td></tr><tr><td>Monetary statistics</td><td>54</td></tr><tr><td>Exchange Stabilization Fund</td><td>58</td></tr><tr><td>Capital movements</td><td>60</td></tr><tr><td>Financial statements of business-type activities</td><td>70</td></tr><tr><td>Cumulative table of contents</td><td>92</td></tr></table>
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown.
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A-1
Treasury Financing Operations
Note Maturities Refunded
Following an announcement on July 12, 1956, the Treasury Department on July 16 offered in exchange for two issues of maturing notes new 2-3/4 percent notes to be dated July 16, 1956, and to mature August 1, 1957. The maturing securities were the 2 percent notes, Series B-1956, which matured August 15 in the amount of $12,388 million, and the 1-1/2 percent notes, Series EO-1956, maturing October 1, 1956, in the amount of $550 million. Cash subscriptions were not invited. The subscription books were closed at the close of business on July 13. A total of $12,056 million was exchanged, leaving $382 million to be paid in cash. The financing results are summarized in the table below:
$10,000, $100,000, $1,000,000, $100,000,000, and $500,000,000.
July Bills Refunded
Four maturities of 91-day Treasury bills totaling $6.4 billion were refunded in full in July by four new issues. Each new issue amounted to $1.6 billion, the equivalent of the maturing issue. The average rates of discount on the new issues were 2.409 percent for July 5; 2.386 percent for July 12; 2.236 percent for July 19; and 2.303 percent for July 26.
Statutory Limitation on the Debt
A temporary increase of $3 billion in the
<table><tr><th>Maturing notes</th><th>Maturing notes outstanding June 30, 1956</th><th>2-3/4 per cent notes, Series D-1957 issued in exchange</th><th>Payable in cash</th><th colspan="3">Maturing securities held by -</th></tr><tr><th></th><th></th><th></th><th></th><th>Federal Reserve Banks and Government investment accounts</th><th>Commercial banks 1/2/</th><th>Nonbank investors 2/</th></tr><tr><td colspan="5">(In millions)</td><td></td><td></td></tr><tr><td>2% notes, Series B-1956, maturing August 15, 1956...</td><td>$12,338</td><td>$11,528 p</td><td>$860 p</td><td>$7,523 2/</td><td>$839 3/</td><td>$4,135 3/</td></tr><tr><td>1-1/2% notes, Series EO-1956, maturing October 1, 1956...</td><td>550</td><td>528 p</td><td>22 p</td><td>500</td><td>8</td><td>42</td></tr><tr><td>Total.....................</td><td>12,938</td><td>12,056 p</td><td>882 p</td><td>8,023</td><td>897</td><td>4,177</td></tr></table>
1/ As reported to the Treasury survey of ownership.
2/ Includes $159 million purchased by the Treasury for account of the Sinking Fund and retired, for which distribution by investor classes has not been made. See page 32.
p Preliminary.
Exchanges were made par for par with an adjustment of interest as of July 16, 1956, with respect to exchanges of either series, and accrued interest to that date was paid to subscribers following acceptance of the maturing securities exchanged. The new notes bear interest from July 16, 1956, at the rate of 2-3/4 percent per annum, payable on a semiannual basis on February 1 and August 1, 1957. They were issued in bearer form only, and in denominations of $1,000, $5,000,
limitation on the outstanding public debt during the period beginning on July 1, 1956, and ending on June 30, 1957, was established by Public Law 678, 84th Congress, approved July 9, 1956. The new law lowered the temporary maximum of $281 billion, effective since August 28, 1954, to $278 billion. The basic limit in effect since June 26, 1946, had been $275 billion. Earlier statutory limitations on the debt outstanding are summarized in the Annual Report of the Secretary of the Treasury for the fiscal year 1955, in a table on page 433.
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the "Treasury Bulletin," in the tables on "Offerings" and "Dis-
position," respectively, of marketable issues of bonds, notes, and certificates of indebtedness, and in the table "Offerings of Treasury Bills."
August 1956
1
August 1956
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
<table><tr><th rowspan="2">Period</th><th colspan="3">Budget receipts and expenditures</th><th rowspan="2">Net of trust account and other trans- actions 2/ 3/</th><th rowspan="2">Clearing account, etc. 1/</th><th rowspan="2">Net increase in public debt, or decrease (-)</th><th rowspan="2">Net increase in Treasurer's account balances, or decrease (-)</th><th colspan="4">Levels, and of period</th></tr><tr><th>Net receipts 1/</th><th>Expend- itures 2/</th><th>Surplus, or deficit (-) 2/</th><th>Treasurera account balance</th><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Subject to limitation 2/</th></tr><tr><td colspan="11">Fiscal years:</td></tr><tr><td>1945</td><td>44,475</td><td>93,416</td><td>-53,941</td><td>791</td><td>-</td><td>57,679</td><td>4,329</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>39,772</td><td>60,448</td><td>-20,676</td><td>-524</td><td>-</td><td>10,740</td><td>-10,460</td><td>14,238</td><td>259,422</td><td>476</td><td>269,898</td><td>268,932</td></tr><tr><td>1947</td><td>39,766</td><td>39,032</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>41,488</td><td>33,069</td><td>8,419</td><td>-294</td><td>-507</td><td>-5,994</td><td>1,524</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>37,696</td><td>39,507</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>252,008</td></tr><tr><td>1950</td><td>36,495</td><td>39,617</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>256,692</td></tr><tr><td>1951</td><td>47,568</td><td>44,058</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>61,391</td><td>65,408</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 6/</td><td>64,885</td><td>74,274</td><td>-9,449</td><td>435</td><td>-250</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>1954</td><td>64,655</td><td>67,772</td><td>-3,117</td><td>328</td><td>-303</td><td>5,189</td><td>2,096</td><td>6,766</td><td>271,260</td><td>81</td><td>271,341</td><td>270,790</td></tr><tr><td>1955</td><td>60,390</td><td>64,570</td><td>-4,180</td><td>231</td><td>284</td><td>3,115</td><td>-551</td><td>6,216</td><td>274,374</td><td>44</td><td>274,418</td><td>273,915</td></tr><tr><td>1956 p</td><td>68,141</td><td>66,366</td><td>1,754</td><td>-218</td><td>418</td><td>-1,623</td><td>331</td><td>6,546</td><td>272,751</td><td>74</td><td>272,825</td><td>272,361</td></tr><tr><td>1957 (Est.)</td><td>66,300</td><td>65,865</td><td>435</td><td>41</td><td>23</td><td>-500</td><td>-</td><td>6,000</td><td>273,800</td><td>84</td><td>273,884</td><td>n.a.</td></tr><tr><td colspan="11">Calendar years:</td></tr><tr><td>1945</td><td>43,678</td><td>87,271</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>283,559</td></tr><tr><td>1946</td><td>38,568</td><td>41,080</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>40,389</td><td>37,955</td><td>2,434</td><td>-350</td><td>-240</td><td>-2,249</td><td>-405</td><td>3,097</td><td>256,900</td><td>51</td><td>256,981</td><td>256,127</td></tr><tr><td>1948</td><td>40,064</td><td>35,623</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>37,514</td><td>41,106</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>37,305</td><td>37,728</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>52,979</td><td>56,337</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>64,840</td><td>70,682</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>63,841</td><td>72,927</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>1954 6/</td><td>61,171</td><td>64,854</td><td>-3,683</td><td>739</td><td>-34</td><td>3,582</td><td>603</td><td>5,180</td><td>278,750</td><td>34</td><td>278,784</td><td>278,256</td></tr><tr><td>1955</td><td>63,358</td><td>66,129</td><td>-2,771</td><td>-259</td><td>376</td><td>2,019</td><td>-635</td><td>4,545</td><td>280,769</td><td>53</td><td>280,822</td><td>280,348</td></tr><tr><td colspan="11">Months: 6/</td></tr><tr><td>1954-July</td><td>2,827</td><td>4,827</td><td>-2,000</td><td>-169</td><td>-97</td><td>-276</td><td>-2,542</td><td>4,224</td><td>270,984</td><td>21</td><td>271,005</td><td>270,466</td></tr><tr><td>August</td><td>3,911</td><td>6,731</td><td>-2,820</td><td>304</td><td>-222</td><td>3,971</td><td>1,233</td><td>5,457</td><td>274,955</td><td>27</td><td>274,982</td><td>274,447</td></tr><tr><td>September</td><td>4,951</td><td>5,019</td><td>-68</td><td>-121</td><td>21</td><td>-145</td><td>-313</td><td>5,115</td><td>274,810</td><td>29</td><td>274,838</td><td>274,305</td></tr><tr><td>October</td><td>2,639</td><td>4,957</td><td>-2,218</td><td>-311</td><td>104</td><td>3,942</td><td>1,518</td><td>6,663</td><td>278,752</td><td>34</td><td>278,786</td><td>278,255</td></tr><tr><td>November</td><td>4,201</td><td>3,942</td><td>358</td><td>391</td><td>-209</td><td>101</td><td>641</td><td>7,304</td><td>278,853</td><td>34</td><td>278,888</td><td>278,357</td></tr><tr><td>December</td><td>3,742</td><td>6,288</td><td>-2,546</td><td>100</td><td>425</td><td>-103</td><td>-2,124</td><td>5,180</td><td>278,750</td><td>34</td><td>278,784</td><td>278,256</td></tr><tr><td>1955-January</td><td>4,655</td><td>4,942</td><td>-287</td><td>332</td><td>-186</td><td>-311</td><td>-451</td><td>4,728</td><td>278,439</td><td>24</td><td>278,463</td><td>277,945</td></tr><tr><td>February</td><td>5,427</td><td>4,831</td><td>596</td><td>-11</td><td>354</td><td>-257</td><td>682</td><td>5,411</td><td>278,182</td><td>27</td><td>278,209</td><td>277,697</td></tr><tr><td>March</td><td>9,741</td><td>5,891</td><td>3,846</td><td>-7</td><td>36</td><td>-4,134</td><td>-260</td><td>5,151</td><td>274,048</td><td>33</td><td>274,080</td><td>273,571</td></tr><tr><td>April</td><td>3,732</td><td>5,228</td><td>-1,496</td><td>-164</td><td>309</td><td>2,601</td><td>1,250</td><td>6,401</td><td>276,649</td><td>37</td><td>276,686</td><td>276,179</td></tr><tr><td>May</td><td>4,438</td><td>5,356</td><td>-919</td><td>-43</td><td>-384</td><td>824</td><td>-522</td><td>5,880</td><td>277,472</td><td>43</td><td>277,515</td><td>277,010</td></tr><tr><td>June</td><td>10,125</td><td>6,753</td><td>3,372</td><td>-69</td><td>131</td><td>-3,098</td><td>336</td><td>6,216</td><td>274,374</td><td>44</td><td>274,418</td><td>272,915</td></tr><tr><td>July</td><td>2,765</td><td>5,382</td><td>-2,617</td><td>-234</td><td>237</td><td>3,210</td><td>595</td><td>6,811</td><td>277,584</td><td>42</td><td>277,626</td><td>277,143</td></tr><tr><td>August</td><td>4,734</td><td>6,225</td><td>-1,491</td><td>-217</td><td>-74</td><td>725</td><td>-1,058</td><td>5,753</td><td>278,309</td><td>43</td><td>278,352</td><td>277,872</td></tr><tr><td>September</td><td>5,498</td><td>5,340</td><td>158</td><td>337</td><td>-40</td><td>-833</td><td>-378</td><td>5,376</td><td>277,476</td><td>48</td><td>277,524</td><td>277,045</td></tr><tr><td>October</td><td>2,592</td><td>5,355</td><td>-2,663</td><td>-213</td><td>473</td><td>2,341</td><td>-62</td><td>5,314</td><td>279,818</td><td>48</td><td>279,866</td><td>279,388</td></tr><tr><td>November</td><td>4,662</td><td>5,172</td><td>-510</td><td>33</td><td>-36</td><td>319</td><td>-195</td><td>5,119</td><td>280,136</td><td>53</td><td>280,189</td><td>279,713</td></tr><tr><td>December</td><td>4,889</td><td>5,651</td><td>-761</td><td>-1</td><td>-444</td><td>632</td><td>-574</td><td>4,545</td><td>280,769</td><td>53</td><td>280,822</td><td>280,348</td></tr><tr><td>1956-January</td><td>4,684</td><td>5,274</td><td>-590</td><td>-162</td><td>179</td><td>-720</td><td>-1,293</td><td>3,252</td><td>280,049</td><td>53</td><td>280,102</td><td>279,630</td></tr><tr><td>February</td><td>5,195</td><td>4,950</td><td>1,245</td><td>127</td><td>73</td><td>60</td><td>1,504</td><td>4,756</td><td>280,108</td><td>58</td><td>280,167</td><td>279,696</td></tr><tr><td>March</td><td>11,313</td><td>5,399</td><td>5,914</td><td>-33</td><td>198</td><td>-3,764</td><td>2,316</td><td>7,072</td><td>276,345</td><td>59</td><td>276,404</td><td>275,935</td></tr><tr><td>April</td><td>4,082</td><td>5,387</td><td>-1,305</td><td>265</td><td>236</td><td>-556</td><td>-1,360</td><td>5,712</td><td>275,709</td><td>56</td><td>275,845</td><td>275,378</td></tr><tr><td>May</td><td>5,050</td><td>5,467</td><td>-417</td><td>*</td><td>24</td><td>941</td><td>548</td><td>6,259</td><td>276,729</td><td>62</td><td>276,791</td><td>276,326</td></tr><tr><td>June p</td><td>11,576</td><td>6,783</td><td>4,793</td><td>-120</td><td>-408</td><td>-3,978</td><td>287</td><td>6,546</td><td>272,751</td><td>74</td><td>272,825</td><td>272,361</td></tr></table>
Source: Actual figures are from the old daily Treasury statement through the fiscal year 1952 and the calendar year 1953; actual figures on the new reporting basis (see footnote 6) are from the new daily Treasury statement and the "Monthly Statement of Receipts and Expenditures of the United States Government"; estimates are based on the 1957 Budget document, released January 15, 1956, including effects of proposed legislation. More detailed information with respect to the figures on this page is given in succeeding tables.
1/ Grosse receipts less transfers of tax receipts to the Federal Old-Age and Survivors Insurance Trust Fund and the Railroad Retirement Account, and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures. Beginning with the fiscal year 1951, net investment by wholly owned Government enterprises in public debt securities is excluded from budget expenditures, and is included with other such investment under "Trust account and other transactions."
3/ Consists of transactions of trust and deposit funds, investment by Government agencies in public debt securities, and redemption or sale of obligations of Government agencies in the market; excesses of receipts, or expenditures (-). For detail of content, see page 6.
4/ For checks outstanding, telegraphic reports from Federal Reserve Banks, public debt interest accrued and unpaid beginning with June and the fiscal year 1955 (previously included from November 1949 as interest
5/ 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: June 9, 1944, $260 billion; April 3, 1945, $300 billion; June 26, 1946, $275 billion; and August 28, 1954, $281 billion (temporary increase ending on June 30, 1956). 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.
6/ New reporting basis as announced February 17, 1954 (see April 1954 "Treasury Bulletin," page A-2), beginning with the fiscal year 1953 and the calendar year 1954. The new daily Treasury statement shows cash deposits and withdrawals in the account of the Treasurer of the United States. The monthly statement includes agency transactions not cleared through the Treasurer's account, and shows receipts when they are received by collecting officers and expenditures when checks are issued or payments are made by disbursing officers.
7/ Immediate postwar debt peak of $279,764 million was on February 28, 1946. Less than $500,000. n.e. Not available. p. Preliminary.
2
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenuo 1/
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Income and profit taxes</th><th colspan="4">Employment taxes</th><th rowspan="2">Excise taxes 2/</th><th rowspan="2">Estate and gift taxes 2/</th><th rowspan="2">Taxes not otherwise classified 2/</th><th rowspan="2">Total internal revenue 1/</th></tr><tr><th>Corporation 2/</th><th colspan="2">Individual</th><th>Total income and profits</th><th>For old-age insurance 3/ 4/</th><th>For rail-road retirement 2/</th><th>For un-employment insurance 6/</th><th>Total employment 7/</th></tr><tr><th></th><th></th><th>Not withheld 2/ 3/</th><th>Withheld 3/</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1948.........</td><td>19,735</td><td>11,430</td><td></td><td>31,171</td><td>1,616</td><td>557</td><td>208</td><td>2,381</td><td></td><td>8,301</td><td></td><td>41,853</td></tr><tr><td>1949.........</td><td>19,641</td><td>9,842</td><td></td><td>29,482</td><td>1,690</td><td>564</td><td>223</td><td>2,477</td><td></td><td>8,348</td><td></td><td>40,307</td></tr><tr><td>1950.........</td><td>18,189</td><td>10,073</td><td></td><td>28,263</td><td>2,106</td><td>550</td><td>226</td><td>2,883</td><td></td><td>8,303</td><td></td><td>39,449</td></tr><tr><td>1951.........</td><td>24,218</td><td>13,535</td><td></td><td>37,753</td><td>3,120</td><td>578</td><td>234</td><td>3,931</td><td></td><td>9,423</td><td></td><td>51,105</td></tr><tr><td>1952.........</td><td>32,826</td><td>18,521</td><td></td><td>51,347</td><td>3,569</td><td>735</td><td>259</td><td>4,562</td><td></td><td>9,726</td><td></td><td>65,635</td></tr><tr><td colspan="13">New reporting basis: 8/</td></tr><tr><td>1953.........</td><td>33,012</td><td>21,351</td><td></td><td>54,363</td><td>4,086</td><td>620</td><td>277</td><td>4,983</td><td></td><td>10,825</td><td></td><td>70,171</td></tr><tr><td>1954.........</td><td>21,523</td><td>10,747</td><td>21,635</td><td>53,906</td><td>4,537</td><td>603</td><td>285</td><td>5,425</td><td>10,014</td><td>945</td><td>9 2/</td><td>70,300 2/</td></tr><tr><td>1955.........</td><td>18,265</td><td>10,396</td><td>21,254</td><td>49,915</td><td>5,340</td><td>600</td><td>280</td><td>6,220</td><td>9,211</td><td>936</td><td>7</td><td>66,289</td></tr><tr><td>1956 p......</td><td>21,297</td><td>11,322</td><td>24,015</td><td>56,634</td><td>6,337</td><td>634</td><td>325</td><td>7,296</td><td>10,004</td><td>1,171</td><td>5</td><td>75,109</td></tr><tr><td>1957 (Est.)...</td><td>20,300</td><td>11,713</td><td>23,400</td><td>55,416</td><td>6,035</td><td>660</td><td>290</td><td>7,985</td><td>9,837</td><td>1,120</td><td>5</td><td>74,015</td></tr><tr><td>1955-July.....</td><td>547</td><td>277</td><td>884</td><td>1,708</td><td>138</td><td>15</td><td>2</td><td>216</td><td>796</td><td>79</td><td>2</td><td>2,801</td></tr><tr><td>August......</td><td>328</td><td>115</td><td>3,004</td><td>3,447</td><td>912</td><td>85</td><td>15</td><td>1,012</td><td>867</td><td>77</td><td>1</td><td>5,404</td></tr><tr><td>September...</td><td>1,100</td><td>1,685</td><td>1,604</td><td>4,389</td><td>519</td><td>60</td><td>1</td><td>579</td><td>881</td><td>66</td><td>*</td><td>5,916</td></tr><tr><td>October.....</td><td>392</td><td>178</td><td>1,014</td><td>1,584</td><td>268</td><td>18</td><td>4</td><td>290</td><td>921</td><td>68</td><td>1</td><td>2,763</td></tr><tr><td>November...</td><td>293</td><td>94</td><td>3,037</td><td>3,425</td><td>692</td><td>85</td><td>14</td><td>791</td><td>921</td><td>88</td><td>-1</td><td>5,223</td></tr><tr><td>December...</td><td>1,449</td><td>350</td><td>1,768</td><td>3,567</td><td>339</td><td>55</td><td>1</td><td>395</td><td>766</td><td>89</td><td>24</td><td>4,841</td></tr><tr><td>1956-January...</td><td>424</td><td>2,152</td><td>939</td><td>3,515</td><td>163</td><td>17</td><td>32</td><td>212</td><td>799</td><td>78</td><td>-24</td><td>4,580</td></tr><tr><td>February...</td><td>460</td><td>195</td><td>12/ 3,732 12/</td><td>4,987</td><td>646 10/</td><td>85</td><td>241</td><td>972</td><td>846</td><td>97</td><td>1</td><td>6,903</td></tr><tr><td>March......</td><td>8,109</td><td>759</td><td>1,893</td><td>10,772</td><td>512</td><td>54</td><td>6</td><td>572</td><td>826</td><td>136</td><td>*</td><td>12,307</td></tr><tr><td>April......</td><td>509</td><td>2,555</td><td>810</td><td>3,875</td><td>567</td><td>15</td><td>4</td><td>586</td><td>750</td><td>144</td><td>*</td><td>5,355</td></tr><tr><td>May.........</td><td>492</td><td>1,665</td><td>3,356</td><td>4,743</td><td>973</td><td>91</td><td>2</td><td>1,067</td><td>877</td><td>137</td><td>1</td><td>6,793</td></tr><tr><td>June p.....</td><td>7,133</td><td>1,487</td><td>1,972</td><td>10,692</td><td>549</td><td>54</td><td>1</td><td>604</td><td>854</td><td>112</td><td>1</td><td>12,223</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Customs</th><th>Miscellaneous receipts 1/ 11/</th><th>Total budget receipts</th><th colspan="2">Transfers of tax receipts to -</th><th colspan="3">Refunds of receipts 14/</th><th>Net budget receipts</th></tr><tr><th></th><th></th><th></th><th></th><th>FOASI Trust Fund 12/</th><th>Railroad Retirement Account 13/</th><th>Internal revenue</th><th>Customs</th><th>Other</th><th>Total refunds</th></tr><tr><td>1948.</td><td>422</td><td>3,824</td><td>46,099</td><td>1,616</td><td>723</td><td>2,250</td><td>19</td><td>2</td><td>2,272</td><td>41,488</td></tr><tr><td>1949.</td><td>384</td><td>2,082</td><td>42,774</td><td>1,690</td><td>550</td><td>2,817</td><td>17</td><td>3</td><td>2,838</td><td>37,696</td></tr><tr><td>1950.</td><td>423</td><td>1,439</td><td>41,311</td><td>2,106</td><td>550</td><td>2,135</td><td>16</td><td>8</td><td>2,160</td><td>36,495</td></tr><tr><td>1951.</td><td>624</td><td>1,639</td><td>53,369</td><td>3,120</td><td>575</td><td>2,082</td><td>15</td><td>9</td><td>2,107</td><td>47,568</td></tr><tr><td>1952.</td><td>551</td><td>1,814</td><td>67,999</td><td>3,569</td><td>738</td><td>2,275</td><td>18</td><td>9</td><td>2,302</td><td>61,391</td></tr><tr><td>New reporting basis: 8/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953.</td><td>613</td><td>1,865</td><td>72,649</td><td>4,086</td><td>620</td><td>3,095</td><td>17</td><td>6</td><td>3,118</td><td>64,825</td></tr><tr><td>1954.</td><td>562</td><td>2,311 2/</td><td>73,173</td><td>4,537</td><td>603</td><td>3,345</td><td>20</td><td>11</td><td>3,377</td><td>64,655</td></tr><tr><td>1955.</td><td>606</td><td>2,559</td><td>69,454</td><td>5,040 15/</td><td>599</td><td>3,400</td><td>22</td><td>4</td><td>3,426</td><td>60,390</td></tr><tr><td>1955 p.</td><td>705</td><td>2,981</td><td>78,795</td><td>6,337</td><td>634</td><td>3,653</td><td>23</td><td>8</td><td>3,684</td><td>68,141</td></tr><tr><td>1957 (Part.).</td><td>700</td><td>2,800</td><td>77,515</td><td>6,635</td><td>660</td><td>3,892</td><td>22</td><td>5</td><td>3,920</td><td>66,300</td></tr><tr><td>1955-July.</td><td>54</td><td>234</td><td>3,089</td><td>198</td><td>15</td><td>109</td><td>1</td><td>*</td><td>110</td><td>2,765</td></tr><tr><td>August.</td><td>55</td><td>390</td><td>5,848</td><td>912</td><td>85</td><td>116</td><td>2</td><td>1</td><td>118</td><td>4,734</td></tr><tr><td>September.</td><td>57</td><td>208</td><td>6,180</td><td>519</td><td>60</td><td>100</td><td>2</td><td>2</td><td>103</td><td>5,498</td></tr><tr><td>October.</td><td>62</td><td>173</td><td>2,998</td><td>268</td><td>18</td><td>19</td><td>2</td><td>*</td><td>21</td><td>2,692</td></tr><tr><td>November.</td><td>65</td><td>280</td><td>5,527</td><td>692</td><td>85</td><td>85</td><td>3</td><td>1</td><td>89</td><td>4,662</td></tr><tr><td>December.</td><td>56</td><td>440</td><td>5,337</td><td>339</td><td>55</td><td>51</td><td>3</td><td>1</td><td>54</td><td>4,889</td></tr><tr><td>1956-January.</td><td>59</td><td>275</td><td>4,915</td><td>163</td><td>17</td><td>49</td><td>2</td><td>1</td><td>51</td><td>4,684</td></tr><tr><td>February.</td><td>57</td><td>198</td><td>7,158</td><td>646 10/</td><td>85</td><td>229</td><td>2</td><td>1</td><td>231</td><td>6,195</td></tr><tr><td>March.</td><td>59</td><td>133</td><td>12,499</td><td>512</td><td>54</td><td>618</td><td>2</td><td>1</td><td>620</td><td>11,313</td></tr><tr><td>April.</td><td>59</td><td>147</td><td>5,562</td><td>567</td><td>15</td><td>895</td><td>1</td><td>1</td><td>897</td><td>4,082</td></tr><tr><td>May.</td><td>63</td><td>251</td><td>7,107</td><td>973</td><td>91</td><td>991</td><td>2</td><td>1</td><td>993</td><td>5,050</td></tr><tr><td>June p.</td><td>57</td><td>294</td><td>12,574</td><td>549</td><td>54</td><td>392</td><td>2</td><td>1</td><td>395</td><td>11,576</td></tr></table>
Note: Actual figures through 1952 are from the old daily Treasury statement; actual figures on the new reporting basis are from the "Monthly Statement of Receipts and Expenditures of the United States Government"; estimates are based on the 1957 Budget document, released January 16, 1957, including effects of proposed legislation. For further detail, see tables under "Internal Revenue Collections." Breakdown was not made in the daily Treasury statement and the monthly statement for years prior to 1954. Beginning January 1951, the distribution of receipts between individual income taxes and old-age insurance taxes is made in accordance with provisions of Pub. 109 (e)(2) of the Social Security Act Amendments of
4/ Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 1400-1k32) and, beginning with the taxable year 1951, tax on self-employed individuals under the Self-Employment Contributions Act (26 U.S.C. 1400-1k32). 5/ Taxes on carriers and their employees under the Railroad Retirement Tax Act (26 U.S.C. 1500-1538). 6/ Tax on employers of 8 or more under the Federal Unemployment Tax Act, as amended (26 U.S.C. 1600-1611). Remaining footnotes on page 4.
August 1956
3
BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Expenditures by Agencies
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Legislative branch</th><th>Judiciary</th><th>Executive Office of the President</th><th>Funds appropriated to the President</th><th>Independent offices</th><th>General Services Administration</th><th>Housing and Home Finance Agency</th><th>Agriculture Department</th><th>Commerce Department</th></tr><tr><td>1953</td><td>74,274</td><td>61</td><td>27</td><td>9</td><td>5,782</td><td>6,905 1/2</td><td>1,107</td><td>385 2/1</td><td>3,217</td><td>1,063</td></tr><tr><td>1954</td><td>67,772</td><td>59</td><td>28</td><td>9</td><td>5,282</td><td>6,473 1/2</td><td>806</td><td>-615 2/1</td><td>2,915</td><td>1,000</td></tr><tr><td>1955</td><td>64,570</td><td>65</td><td>30</td><td>9</td><td>4,381</td><td>6,791</td><td>973</td><td>129 2/1</td><td>4,636</td><td>1,077</td></tr><tr><td>1956 p.</td><td>66,386</td><td>87</td><td>37</td><td>10</td><td>4,410</td><td>6,987 2/1</td><td>524</td><td>37</td><td>5,191</td><td>1,281</td></tr><tr><td>1957 (Est.)</td><td>65,965 3/1</td><td>123</td><td>41</td><td>10</td><td>4,353</td><td>7,472</td><td>556</td><td>-67</td><td>3,661</td><td>1,428</td></tr><tr><td>1955-July</td><td>5,382</td><td>9</td><td>2</td><td>1</td><td>319</td><td>736</td><td>27</td><td>30</td><td>323</td><td>141</td></tr><tr><td>August</td><td>6,225</td><td>9</td><td>3</td><td>1</td><td>226</td><td>588</td><td>48</td><td>-1</td><td>939</td><td>134</td></tr><tr><td>September</td><td>5,340</td><td>8</td><td>3</td><td>1</td><td>174</td><td>456</td><td>39</td><td>-13</td><td>352</td><td>114</td></tr><tr><td>October</td><td>5,355</td><td>10</td><td>3</td><td>1</td><td>441</td><td>455</td><td>34</td><td>13</td><td>459</td><td>113</td></tr><tr><td>November</td><td>5,172</td><td>9</td><td>3</td><td>1</td><td>221</td><td>540</td><td>69</td><td>31</td><td>414</td><td>103</td></tr><tr><td>December</td><td>5,651</td><td>3</td><td>3</td><td>1</td><td>305</td><td>545</td><td>52</td><td>4</td><td>573</td><td>127</td></tr><tr><td>1956-January</td><td>5,274</td><td>7</td><td>4</td><td>1</td><td>294</td><td>532</td><td>43</td><td>43</td><td>367</td><td>79</td></tr><tr><td>February</td><td>4,950</td><td>4</td><td>3</td><td>1</td><td>240</td><td>595</td><td>33</td><td>-101</td><td>199</td><td>83</td></tr><tr><td>March</td><td>5,399</td><td>5</td><td>3</td><td>1</td><td>464</td><td>615</td><td>29</td><td>20</td><td>405</td><td>82</td></tr><tr><td>April</td><td>5,387</td><td>9</td><td>3</td><td>1</td><td>343</td><td>616</td><td>32</td><td>-4</td><td>473</td><td>71</td></tr><tr><td>May</td><td>5,467</td><td>7</td><td>3</td><td>1</td><td>499</td><td>676</td><td>57</td><td>5</td><td>252</td><td>81</td></tr><tr><td>June p.</td><td>6,783</td><td>8</td><td>3</td><td>1</td><td>886</td><td>632</td><td>59</td><td>14</td><td>436</td><td>152</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Defense Department</th><th rowspan="2">Health, Education, and Welfare Department</th><th rowspan="2">Interior Department</th><th rowspan="2">Justice Department</th><th rowspan="2">Labor Department</th><th rowspan="2">Post Office Department</th><th rowspan="2">State Department</th><th colspan="3">Treasury Department</th><th rowspan="2">District of Columbia 5/</th></tr><tr><th>Military functions</th><th>Civil functions</th><th>Undistributed foreign transactions</th><th>On public debt 4/</th><th>On refunde of taxes</th><th>Other</th></tr><tr><td>1953</td><td>43,611</td><td>813</td><td>-</td><td>1,920</td><td>587</td><td>171</td><td>300</td><td>659</td><td>272</td><td>6,504</td><td>74</td><td>798</td><td>12</td></tr><tr><td>1954</td><td>40,336</td><td>605</td><td>-</td><td>1,981</td><td>535</td><td>183</td><td>355</td><td>312</td><td>156</td><td>6,382</td><td>83</td><td>873</td><td>13</td></tr><tr><td>1955</td><td>35,532</td><td>548</td><td>-</td><td>1,993</td><td>515</td><td>182</td><td>394</td><td>356</td><td>136</td><td>6,370</td><td>62</td><td>368 1/</td><td>22</td></tr><tr><td>1956 p.</td><td>35,548</td><td>573</td><td>138</td><td>2,071</td><td>526</td><td>216</td><td>412</td><td>457</td><td>138</td><td>6,792</td><td>54</td><td>877</td><td>22</td></tr><tr><td>1957 (Eat.)</td><td>35,547</td><td>629</td><td>-</td><td>2,303</td><td>616</td><td>218</td><td>492</td><td>117</td><td>167</td><td>7,000</td><td>60</td><td>882</td><td>33</td></tr><tr><td>1955-July</td><td>2,547</td><td>30</td><td>103</td><td>175</td><td>41</td><td>24</td><td>34</td><td>85</td><td>22</td><td>592</td><td>4</td><td>117</td><td>20</td></tr><tr><td>August</td><td>3,111</td><td>68</td><td>148</td><td>173</td><td>53</td><td>17</td><td>48</td><td>59</td><td>17</td><td>522</td><td>3</td><td>61</td><td>-</td></tr><tr><td>September</td><td>3,372</td><td>45</td><td>-120</td><td>167</td><td>62</td><td>17</td><td>18</td><td>36</td><td>12</td><td>529</td><td>4</td><td>71</td><td>-</td></tr><tr><td>October</td><td>2,729</td><td>62</td><td>108</td><td>190</td><td>43</td><td>15</td><td>67</td><td>21</td><td>13</td><td>542</td><td>5</td><td>32</td><td>-</td></tr><tr><td>November</td><td>2,828</td><td>51</td><td>2</td><td>165</td><td>41</td><td>18</td><td>11</td><td>22</td><td>16</td><td>542</td><td>6</td><td>81</td><td>-</td></tr><tr><td>December</td><td>3,124</td><td>39</td><td>-34</td><td>151</td><td>45</td><td>21</td><td>18</td><td>10</td><td>8</td><td>595</td><td>3</td><td>59</td><td>-</td></tr><tr><td>1956-January</td><td>2,855</td><td>43</td><td>-44</td><td>200</td><td>45</td><td>17</td><td>72</td><td>12</td><td>13</td><td>625</td><td>6</td><td>61</td><td>-</td></tr><tr><td>February</td><td>2,918</td><td>39</td><td>24</td><td>164</td><td>35</td><td>16</td><td>19</td><td>69</td><td>12</td><td>553</td><td>3</td><td>42</td><td>1</td></tr><tr><td>March</td><td>2,786</td><td>37</td><td>20</td><td>151</td><td>43</td><td>16</td><td>19</td><td>61</td><td>14</td><td>559</td><td>6</td><td>60</td><td>*</td></tr><tr><td>April</td><td>2,909</td><td>48</td><td>-49</td><td>192</td><td>33</td><td>15</td><td>36</td><td>8</td><td>11</td><td>565</td><td>6</td><td>66</td><td>1</td></tr><tr><td>May</td><td>2,925</td><td>47</td><td>-6</td><td>173</td><td>46</td><td>18</td><td>16</td><td>25</td><td>1</td><td>561</td><td>4</td><td>76</td><td>1</td></tr><tr><td>June p.</td><td>3,445</td><td>63</td><td>-13</td><td>168</td><td>39</td><td>23</td><td>54</td><td>50</td><td>-1</td><td>608</td><td>5</td><td>151</td><td>*</td></tr></table>
Source: Actual figures are from "Monthly Statement of Receipts and Expenditures of the United States Government"; estimates are from the 1957 Budget document released January 16, 1956, including effects of proposed legislation.
Note: Figures in this table are for agencies as constituted at the time the expenditures were made, and therefore do not necessarily represent functions which are comparable over a period of time. For expenditures by functions on a consistent basis, see Table 3.
1/ Expenditures for Reconstruction Finance Corporation are included under
"Independent offices" through 1954, and under "Treasury Department, Other" thereafter.
2/ Expenditures for Federal Home Loan Bank Board are included under "Housing and Home Finance Agency" through 1955, and under "Independent offices" thereafter.
3/ Total includes reserve for contingencies amounting to $225 million.
4/ Effective June 30, 1955, interest on the public debt is reported on an accrual basis.
5/ Consists of Federal payment and loans and advances.
4
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date
(In millions of dollars)
<table><tr><th>Function</th><th>Code No.</th><th>1953</th><th>1954</th><th>1955</th><th>1956 through May</th></tr><tr><td><b>Major national security:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direction and coordination of defense</td><td>051</td><td>15</td><td>12</td><td>13</td><td>13</td></tr><tr><td>Air Force defense</td><td>052</td><td>15,085</td><td>15,668</td><td>16,107</td><td>15,001</td></tr><tr><td>Army defense</td><td>053</td><td>11,44</td><td>12,910</td><td>8,399</td><td>8,071</td></tr><tr><td>Naval defense</td><td>054</td><td>11,875</td><td>11,233</td><td>9,733</td><td>8,641</td></tr><tr><td>Other central defense activities</td><td>055</td><td>3.41</td><td>4.52</td><td>4.61</td><td>531</td></tr><tr><td>Development and control of atomic energy</td><td>056</td><td>1,701</td><td>1,855</td><td>1,857</td><td>1,513</td></tr><tr><td>Stockpiling and defense production expansion</td><td>057</td><td>1,909</td><td>1,045</td><td>944</td><td>537</td></tr><tr><td>Military assistance</td><td>058</td><td>3,954</td><td>3,649</td><td>2,272</td><td>1,773</td></tr><tr><td>Direct forces support</td><td>059</td><td>-</td><td>-</td><td>13</td><td>85</td></tr><tr><td>Total major national security</td><td></td><td>50,363</td><td>46,904</td><td>40,626</td><td>36,163</td></tr><tr><td><b>International affairs and finance:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Conduct of foreign affairs</td><td>151</td><td>150</td><td>130</td><td>121</td><td>118</td></tr><tr><td>Economic and technical development 1/</td><td>152</td><td>1,960</td><td>1,511</td><td>1,360</td><td>1,415</td></tr><tr><td>Foreign information and exchange activities</td><td>153</td><td>106</td><td>91</td><td>100</td><td>102</td></tr><tr><td>Total international affairs and finance</td><td></td><td>2,216</td><td>1,732</td><td>2,181</td><td>1,636</td></tr><tr><td><b>Veterans' services and benefits:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Veterans' education and training 2/</td><td>101</td><td>659</td><td>516</td><td>664</td><td>739</td></tr><tr><td>Other veterans' readjustment benefits 3/</td><td>102</td><td>138</td><td>158</td><td>150</td><td>63</td></tr><tr><td>Veterans' compensation and pensions</td><td>103</td><td>2,420</td><td>2,482</td><td>2,681</td><td>2,562</td></tr><tr><td>Veterans' insurance and servicemen's indemnities</td><td>104</td><td>102</td><td>100</td><td>57</td><td>101</td></tr><tr><td>Veterans' hospitals and medical care</td><td>105</td><td>757</td><td>782</td><td>727</td><td>724</td></tr><tr><td>Other veterans' services and administration</td><td>100</td><td>223</td><td>188</td><td>178</td><td>164</td></tr><tr><td>Total veterans' services and benefits</td><td></td><td>4,298</td><td>4,256</td><td>4,457</td><td>4,353</td></tr><tr><td><b>Labor and welfare:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Labor and manpower</td><td>211</td><td>281</td><td>277</td><td>328</td><td>349</td></tr><tr><td>Public assistance</td><td>212</td><td>1,332</td><td>1,439</td><td>1,428</td><td>1,346</td></tr><tr><td>Promotion of public health</td><td>213</td><td>318</td><td>290</td><td>275</td><td>326</td></tr><tr><td>Promotion of education</td><td>214</td><td>288</td><td>271</td><td>321</td><td>240</td></tr><tr><td>General-purpose research, libraries, and museums</td><td>215</td><td>36</td><td>35</td><td>56</td><td>51</td></tr><tr><td>Correctional and penal institutions</td><td>216</td><td>27</td><td>26</td><td>28</td><td>29</td></tr><tr><td>Other welfare services and administration</td><td>217</td><td>144</td><td>147</td><td>115</td><td>124</td></tr><tr><td>Total labor and welfare</td><td></td><td>2,426</td><td>2,485</td><td>2,552</td><td>2,465</td></tr><tr><td><b>Agriculture and agricultural resources:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stabilization of farm prices and farm income 4/</td><td>351</td><td>2,125</td><td>1,689</td><td>3,508</td><td>3,555</td></tr><tr><td>Financing farm ownership and operation 1/ 5/</td><td>352</td><td>109</td><td>256</td><td>236</td><td>227</td></tr><tr><td>Financing rural electrification and telephones</td><td>353</td><td>239</td><td>217</td><td>204</td><td>198</td></tr><tr><td>Conservation and development 1/</td><td>354</td><td>317</td><td>244</td><td>286</td><td>290</td></tr><tr><td>Research and other agricultural services 1/</td><td>355</td><td>145</td><td>150</td><td>177</td><td>197</td></tr><tr><td>Total agriculture and agricultural resources</td><td></td><td>2,936</td><td>2,557</td><td>4,411</td><td>4,477</td></tr><tr><td><b>Natural resources:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Conservation and development of land and water 1/ 7/</td><td>401</td><td>1,122</td><td>960</td><td>815</td><td>614</td></tr><tr><td>Conservation and development of forest resources</td><td>402</td><td>107</td><td>117</td><td>118</td><td>129</td></tr><tr><td>Conservation and development of mineral resources</td><td>403</td><td>38</td><td>37</td><td>37</td><td>37</td></tr><tr><td>Conservation and development of fish and wildlife</td><td>404</td><td>34</td><td>38</td><td>43</td><td>42</td></tr><tr><td>Recreational use of natural resources</td><td>405</td><td>30</td><td>33</td><td>35</td><td>40</td></tr><tr><td>General resource surveys and administration</td><td>409</td><td>34</td><td>35</td><td>34</td><td>34</td></tr><tr><td>Total natural resources</td><td></td><td>1,364</td><td>1,220</td><td>1,081</td><td>866</td></tr><tr><td><b>Commerce and housing:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Promotion of water transportation 2/ 2/</td><td>511</td><td>567</td><td>466</td><td>469</td><td>444</td></tr><tr><td>Provision of highways</td><td>512</td><td>572</td><td>586</td><td>647</td><td>710</td></tr><tr><td>Promotion of aviation</td><td>513</td><td>239</td><td>275</td><td>253</td><td>227</td></tr><tr><td>Postal service</td><td>514</td><td>659</td><td>312</td><td>355</td><td>407</td></tr><tr><td>Community development and facilities 10/ 11/</td><td>515</td><td>45</td><td>37</td><td>56</td><td>28</td></tr><tr><td>Public housing program 12/</td><td>516</td><td>29</td><td>-401</td><td>-115</td><td>36</td></tr><tr><td>Other aid to housing 12/ 13/</td><td>517</td><td>413</td><td>-142</td><td>270</td><td>-2</td></tr><tr><td>Other aid to business 14/ 15/</td><td>518</td><td>-111</td><td>-330</td><td>-404</td><td>-79</td></tr><tr><td>Regulation of commerce and finance</td><td>519</td><td>135</td><td>45</td><td>38</td><td>38</td></tr><tr><td>Civil defense</td><td>520</td><td>51</td><td>60</td><td>42</td><td>50</td></tr><tr><td>Disaster insurance, loans, and relief 15/</td><td>521</td><td>12</td><td>1</td><td>12</td><td>13</td></tr><tr><td>Total commerce and housing</td><td></td><td>2,612</td><td>909</td><td>1,622</td><td>1,872</td></tr><tr><td><b>General government:</b></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Legislative functions</td><td>601</td><td>49</td><td>49</td><td>60</td><td>62</td></tr><tr><td>Judicial functions</td><td>602</td><td>29</td><td>29</td><td>31</td><td>35</td></tr><tr><td>Executive direction and management</td><td>603</td><td>11</td><td>11</td><td>12</td><td>11</td></tr><tr><td>Federal financial management</td><td>604</td><td>442</td><td>449</td><td>431</td><td>438</td></tr><tr><td>General property and records management</td><td>605</td><td>185</td><td>155</td><td>154</td><td>142</td></tr><tr><td>Central personnel management and employment costs</td><td>606</td><td>387</td><td>93</td><td>115</td><td>325</td></tr><tr><td>Civilian weather services</td><td>607</td><td>28</td><td>26</td><td>25</td><td>30</td></tr><tr><td>Protective services and alien control</td><td>503</td><td>147</td><td>150</td><td>157</td><td>158</td></tr><tr><td>Territories and possessions, and District of Columbia</td><td>609</td><td>55</td><td>53</td><td>67</td><td>65</td></tr><tr><td>Other general government</td><td>610</td><td>140</td><td>213</td><td>139</td><td>223</td></tr><tr><td>Total general government</td><td></td><td>1,474</td><td>1,239</td><td>1,201</td><td>1,499</td></tr></table>
(Continued on following page)
August 1956
5
BUDGET RECEPTS AND EXPENDITURES
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date - (Continued)
(In millions of dollars)
<table><tr><th>Function</th><th>Code No.</th><th>1953</th><th>1954</th><th>1955</th><th>1956 through May</th></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on the public debt</td><td>651</td><td>6,504</td><td>6,382</td><td>6,370</td><td>6,184</td></tr><tr><td>Interest on refunds of receipts</td><td>652</td><td>75</td><td>83</td><td>62</td><td>49</td></tr><tr><td>Interest on uninvested funds</td><td>653</td><td>5</td><td>5</td><td>5</td><td>6</td></tr><tr><td>Total interest</td><td></td><td>6,583</td><td>6,470</td><td>6,438</td><td>6,239</td></tr><tr><td>Undistributed</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Total net budget expenditures</td><td></td><td>74,274</td><td>67,772</td><td>64,570</td><td>59,603</td></tr></table>
Source: Figures for 1953-55 are from the 1957 Budget of the United States Government, Special Analysis L; figures for 1956 are based on reports submitted by Government disbursing officers and are classified by individual appropriation items. Expenditures are net of receipts of public enterprise funds. This table supersedes the one published prior to the July 1956 issue of the "Treasury Bulletin," which showed expenditures by major functions only, with 1956 figures based on monthly statement detail.
1/2/ See footnote 4.
Expenditures for 1956 include those made from "Readjustment Benefits, Veterans' Administration," applicable to functional classification 102, "Other veterans' readjustment benefits," the separate amounts of which cannot be readily determined.
3/4/ See footnote 2.
Expenditures for 1956 include those for emergency assistance to Pakistan - wheat, and to friendly peoples, applicable to functional classification 152, "Economic and technical development"; for emergency feed program -- cost of commodities, applicable to functional classification 352, "Financing farm ownership and operation"; for loan to Secretary of Agriculture for conservation program, applicable to functional classification 354, "Conservation and development of agricultural land and water resources"; and for transfers and other costs for eradication of foot-and-mouth disease and brucellosis in cattle, applicable to functional classification 355, "Research, and other agricultural services." These expenditures were made from "Commodity Credit Corporation Capital Fund" and the separate amounts cannot be readily determined.
5/ Expenditures for 1956 include those for farm housing made from "Loans, Farmers's Home Administration, Agriculture," applicable to functional classification 517, "Other aids to housing," the separate amounts of which cannot be readily determined.
6/ Expenditures for 1956 include those for navigation projects made from "Construction, General, Corps of Engineers, Civil," applicable to
functional classification 511, "Promotion of water transportation," the separate amounts of which cannot be readily determined.
7/ 8/ Expenditures for 1956 include those for flood control and multiple purposes projects, including power made from "Operation and Maintenance, General, Corps of Engineers, Civil," applicable to functional classification 401, "Conservation and development of land and water resources," the separate amounts of which cannot be readily determined.
2/ 10/ See footnote 6.
11/ See footnote 12.
12/ Expenditures for 1956 include those for defense community facilities and services and for advance planning of non-Federal public works, applicable to functional classification 515, "Community development and facilities"; and for Alaska housing and loans for prefabricated housing, applicable to functional classification 517, "Other aids to housing." These expenditures were made from "Revolving Fund, Liquidating Programs, Office of the Administrator, Housing and Home Finance Agency" and the separate amounts cannot be readily determined.
13/ 14/ Expenditures for 1956 include those for disaster loans and relief made from "Operations, Small Business Administration" and for disaster loans made from "Revolving Fund, Small Business Administration," applicable to functional classification 521, "Disaster insurance, loans and relief," the separate amounts of which cannot be readily determined.
15/ Expenditures for 1956 include those for lending program-public agencies made from "Reconstruction Finance Corporation Liquidation, Treasury," applicable to functional classification 515, "Community development and facilities," the separate amounts of which cannot be readily determined.
16/ See footnote 14.
Footnotea to Table 1. - (Continued)
Footnotes 1 through 6 follow Table 1.
7/ Through 1953, contributions to the Railroad Unemployment Insurance Administration Fund were carried in the daily Treasury statement as miscellaneous receipts, while the 1957 Budget document includes them in employment taxes through 1952. This difference in classification accounts for the difference in figures from the two sources. Beginning 1954 the contributions are credited direct to the trust account. For amounts of the contributions included in budget receipts, see "Treasury Bulletin" for February 1954, page 7.
8/ As announced February 17, 1954; see page 1, footnote 6.
9/ In the 1957 Budget, internal revenue taxes not otherwise classified are included in miscellaneous receipts.
10/ Individual income taxes withheld have been increased by $249 million representing adjustments to correct estimates for the quarter ended June 30, 1955, and prior quarters by $149 million and for the quarter ended September 30, 1955, by $100 million. Individual income taxes not withheld have been reduced by $4 million representing adjustment to correct estimates for 1953 and prior calendar years. The old-age insurance taxes and the transfers to the trust fund have been reduced by the net of these adjustments or $246 million. The adjustments were made pursuant to Sec. 109 (a)(2) of the Social Security Act Amendments of 1950.
11/ Includes proceeds from sale of surplus property and from Government-owned securities; seigniorage; deposits resulting from renegotiation of war contracts (see "Treasury Bulletin" for February 1948, page 5); and railroad unemployment insurance contributions for administrative expenses through 1953, after which they are carried as trust account receipts under the Railroad Retirement Board.
12/ 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, approved August 28, 1950 (64 Stat. 477), changed in certain respects the basis of transferring the appropriated funds to the trust fund. Beginning January 1951, the amounts transferred currently for appropriation to the trust fund are based on estimates of old-age insurance tax receipts made by the Secretary of the Treasury pursuant to the provisions of Sec. 109 (a)(2) of the Amendments of 1950, and are adjusted in later transfers on the basis of wage and self-employment income records maintained in the Social Security Administration. The amount of old-age insurance tax refunds is paid from the trust fund as a reimbursement to the general fund.
13/ Excludes the Government's contribution for creditable military service under the act of April 8, 1942 (56 Stat. 204). Beginning 1952, amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes under the Railroad Retirement Tax Act deposited in the Treasury, less refunds, during each fiscal year (65 Stat. 222 and 66 Stat. 371), and transfers are made currently. Previously, annual appropriations were based, in effect, on estimated tax collections, with any necessary adjustments made in succeeding appropriations.
14/ Interest on refunds is included in expenditures in Table 2. Reimbursement by Federal Old-Age and Survivors Insurance Trust Fund for refunds of taxes for the fiscal year (see footnote 12) is netted against internal revenue refunds for the month in which the reimbursement is made.
15/ Transfers for the fiscal year 1955 were reduced by $300 million as an adjustment for excess transfers to the trust fund of $90 million in 1952 and $210 million in 1953, pursuant to Sec. 109 (e)(2) of the Social Security Act Amendments of 1950.
p Preliminary.
6
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net receipts, or expenditures (-), from trust account and other transactions</th><th colspan="3">Trust and deposit fund accounts</th><th>Net sale, or investment (-), by Government agencies in public debt securities 1/</th><th>Net sale, or redemption (-), of securities of Government agencies in the market 1/</th></tr><tr><th></th><th></th><th>Net receipts, or expenditures (-)</th><th>Receipts</th><th>Expenditures 1/</th><th></th><th></th></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>107</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>-74</td></tr><tr><td>1950....................</td><td>99</td><td>-281</td><td>6,669</td><td>6,950</td><td>402</td><td>-22</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>384</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>-72</td></tr><tr><td>New reporting basis: 3/</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953....................</td><td>435</td><td>3,760</td><td>8,929</td><td>5,169</td><td>-3,301</td><td>-25</td></tr><tr><td>1954....................</td><td>328</td><td>2,386</td><td>9,155</td><td>6,769</td><td>-2,054</td><td>-4</td></tr><tr><td>1955....................</td><td>231</td><td>991 r 4/</td><td>9,536</td><td>8,545 4/</td><td>-1,362 4/ 5/</td><td>602 4/</td></tr><tr><td>1956 p....................</td><td>-218</td><td>2,296</td><td>11,695</td><td>9,389</td><td>-2,687</td><td>173</td></tr><tr><td>1957 (Est.)...............</td><td>41</td><td>1,691</td><td>11,890</td><td>10,200</td><td>-1,891</td><td>242</td></tr><tr><td>1955-July................</td><td>-234</td><td>-7</td><td>745</td><td>752</td><td>-254</td><td>27</td></tr><tr><td>August....................</td><td>-217</td><td>775</td><td>1,502</td><td>727</td><td>-994</td><td>1</td></tr><tr><td>September................</td><td>337</td><td>33</td><td>721</td><td>688</td><td>319</td><td>-16</td></tr><tr><td>October...................</td><td>-213</td><td>-394</td><td>505</td><td>900</td><td>236</td><td>-55</td></tr><tr><td>November..................</td><td>33</td><td>474</td><td>1,142</td><td>668</td><td>-378</td><td>-64</td></tr><tr><td>December..................</td><td>-1</td><td>178</td><td>841</td><td>663</td><td>-146</td><td>-33</td></tr><tr><td>1956-January...............</td><td>-152</td><td>-533</td><td>371</td><td>904</td><td>373</td><td>-2</td></tr><tr><td>February..................</td><td>127</td><td>139</td><td>1,009</td><td>870</td><td>-140</td><td>128</td></tr><tr><td>March.....................</td><td>-33</td><td>-4</td><td>757</td><td>761</td><td>-69</td><td>40</td></tr><tr><td>April.....................</td><td>265</td><td>-135</td><td>871</td><td>1,006</td><td>353</td><td>47</td></tr><tr><td>May.......................</td><td>*</td><td>936</td><td>1,605</td><td>669</td><td>-983</td><td>48</td></tr><tr><td>June p....................</td><td>-120</td><td>833</td><td>1,616</td><td>783</td><td>-1,004</td><td>51</td></tr></table>
Source: Actual figures through 1952 are from the old daily Treasury statement; actual figures on the new reporting basis are from the "Monthly Statement of Receipts and Expenditures of the United States Government". Estimates are based on the 1957 Budget document, released January 16, 1956, including effects of proposed legislation. 1/ Prior to 1951 net investment in public debt securities by certain trust accounts and by deposit fund accounts is included in trust and deposit fund account expenditures and excluded from net investment by Government-agencies (See Tables 3 and 4); for treatment of security transactions of Government-sponsored enterprises beginning 1955, see footnote 4. 2/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
As announced February 17, 1954; see page 1, footnote 6.
Under a revised classification in the monthly statement, effective July 1, 1955, the security transactions of Government-sponsored enterprises are included in deposit fund account expenditures (net) and excluded from net investment by Government agencies in public debt securities (see Table 4) and from net redemption or sale of obligations of Government agencies in the market (see Table 5).
Figures previously published for the fiscal year 1955 have been revised to the new classification basis.
Guaranteed securities included beginning 1955 (see Table 4).
* Less than $500,000. p Preliminary. r Revised.
Table 2.- Trust Account Receipts
(in millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funds 1/</th><th>Other trust funds and accounts 2/</th></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>589</td></tr><tr><td>1950.</td><td>5,669</td><td>2,357</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>7,795</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>New reporting basis: 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953.</td><td>8,929</td><td>4,516</td><td>742</td><td>1,594</td><td>637</td><td>79</td><td>961</td><td>401</td></tr><tr><td>1954.</td><td>9,155</td><td>5,080</td><td>737</td><td>1,492</td><td>619</td><td>78</td><td>691</td><td>457</td></tr><tr><td>1955.</td><td>9,536</td><td>5,586</td><td>700</td><td>1,425</td><td>590</td><td>78</td><td>708</td><td>440</td></tr><tr><td>1956 p.</td><td>11,685</td><td>7,003</td><td>739</td><td>1,728</td><td>649</td><td>74</td><td>1,025</td><td>466</td></tr><tr><td>1957 (Est.)</td><td>11,990</td><td>7,336</td><td>770</td><td>1,610</td><td>602</td><td>73</td><td>1,067</td><td>432</td></tr><tr><td>1955-July.</td><td>745</td><td>225</td><td>16</td><td>140</td><td>33</td><td>3</td><td>276</td><td>52</td></tr><tr><td>August.</td><td>1,502</td><td>925</td><td>85</td><td>302</td><td>93</td><td>3</td><td>56</td><td>38</td></tr><tr><td>September.</td><td>71</td><td>534</td><td>60</td><td>12</td><td>36</td><td>2</td><td>43</td><td>33</td></tr><tr><td>October.</td><td>505</td><td>306</td><td>18</td><td>56</td><td>35</td><td>2</td><td>48</td><td>39</td></tr><tr><td>November.</td><td>1,142</td><td>709</td><td>85</td><td>221</td><td>34</td><td>2</td><td>50</td><td>41</td></tr><tr><td>December.</td><td>841</td><td>541</td><td>55</td><td>108</td><td>34</td><td>2</td><td>48</td><td>52</td></tr><tr><td>1956-January.</td><td>371</td><td>187</td><td>18</td><td>42</td><td>40</td><td>3</td><td>54</td><td>26</td></tr><tr><td>February.</td><td>1,009</td><td>665</td><td>86</td><td>157</td><td>38</td><td>3</td><td>33</td><td>26</td></tr><tr><td>March.</td><td>757</td><td>534</td><td>55</td><td>17</td><td>37</td><td>2</td><td>61</td><td>50</td></tr><tr><td>April.</td><td>871</td><td>617</td><td>17</td><td>91</td><td>38</td><td>3</td><td>51</td><td>55</td></tr><tr><td>May.</td><td>1,605</td><td>1,002</td><td>93</td><td>387</td><td>36</td><td>3</td><td>56</td><td>28</td></tr><tr><td>June.</td><td>1,17</td><td>758</td><td>150</td><td>193</td><td>15</td><td>4</td><td>249</td><td>25</td></tr></table>
Source: See Table 1.
* Consists of Civil Service and Foreign Service retirement funds.
** Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, increases resulting from reduction in the weight
of the gold dollar, and throws: 1350 seigniorage on silver under the
Silver Purchase Act of 1934. Thereafter any such seigniorage is
included with other seigniorage under budget receipts.
with the fiscal year 1954, the Railroad Unemployment Laurence Administration Fund is classified as a trust account, instead of being handled through budget accounts as formerly (see "Budget Receipts and Expenditures," Table 1, footnote 11). 3/ Exclude Foreign Economic Cooperation Trust Fund (see page 1). 4/ As announced February 17, 1954; see page 1, footnote 6. p Preliminary.
August 1956
7
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
<table><tr><th>Fiscal year or month</th><th>Total 1/</th><th>Total trust accounts 2/</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funds 3/</th><th>Other trust accounts 2/ 4/</th></tr><tr><td>1948</td><td>3,857</td><td>3,490</td><td>559</td><td>222</td><td>859</td><td>302</td><td>70</td><td>244</td><td>1,234</td></tr><tr><td>1949</td><td>3,824 5/</td><td>3,410</td><td>661</td><td>278</td><td>1,314</td><td>348</td><td>61</td><td>222</td><td>526 5/</td></tr><tr><td>1950</td><td>6,950</td><td>6,854</td><td>784</td><td>304</td><td>2,026</td><td>2,988</td><td>114</td><td>268</td><td>370</td></tr><tr><td>1951</td><td>3,945</td><td>4,139</td><td>1,569</td><td>321</td><td>900</td><td>614</td><td>77</td><td>271</td><td>387</td></tr><tr><td>1952</td><td>4,952</td><td>5,298</td><td>2,067</td><td>391</td><td>1,049</td><td>996</td><td>82</td><td>300</td><td>413</td></tr><tr><td colspan="10">New reporting basis: 6/</td></tr><tr><td>1953</td><td>5,169</td><td>5,698</td><td>2,750</td><td>465</td><td>1,010</td><td>588</td><td>82</td><td>363</td><td>441</td></tr><tr><td>1954</td><td>6,769</td><td>7,327</td><td>3,405</td><td>502</td><td>1,715</td><td>623</td><td>147</td><td>411</td><td>495</td></tr><tr><td>1955</td><td>8,545</td><td>8,487</td><td>4,487</td><td>585</td><td>1,965</td><td>538</td><td>84</td><td>430</td><td>399</td></tr><tr><td>1956 p</td><td>9,389</td><td>9,199</td><td>5,551</td><td>611</td><td>1,393</td><td>512</td><td>88</td><td>507</td><td>538</td></tr><tr><td>1957 (Est.)</td><td>10,200</td><td>10,389</td><td>6,250</td><td>650</td><td>1,603</td><td>506</td><td>88</td><td>554</td><td>739</td></tr><tr><td>1955-July</td><td>752</td><td>720</td><td>435</td><td>56</td><td>94</td><td>39</td><td>10</td><td>36</td><td>49</td></tr><tr><td>August</td><td>727</td><td>714</td><td>439</td><td>48</td><td>100</td><td>43</td><td>6</td><td>37</td><td>42</td></tr><tr><td>September</td><td>688</td><td>702</td><td>438</td><td>48</td><td>86</td><td>44</td><td>5</td><td>39</td><td>42</td></tr><tr><td>October</td><td>900</td><td>754</td><td>510</td><td>50</td><td>75</td><td>42</td><td>6</td><td>38</td><td>33</td></tr><tr><td>November</td><td>668</td><td>691</td><td>449</td><td>50</td><td>76</td><td>40</td><td>6</td><td>42</td><td>28</td></tr><tr><td>December</td><td>663</td><td>723</td><td>447</td><td>50</td><td>103</td><td>38</td><td>6</td><td>44</td><td>35</td></tr><tr><td>1956-January</td><td>904</td><td>793</td><td>448</td><td>50</td><td>153</td><td>42</td><td>7</td><td>43</td><td>50</td></tr><tr><td>February</td><td>870</td><td>886</td><td>455</td><td>50</td><td>152</td><td>45</td><td>8</td><td>43</td><td>133</td></tr><tr><td>March</td><td>761</td><td>832</td><td>468</td><td>51</td><td>163</td><td>49</td><td>7</td><td>46</td><td>48</td></tr><tr><td>April</td><td>1,006</td><td>812</td><td>481</td><td>52</td><td>146</td><td>45</td><td>8</td><td>45</td><td>33</td></tr><tr><td>May</td><td>669</td><td>806</td><td>491</td><td>52</td><td>126</td><td>43</td><td>8</td><td>47</td><td>37</td></tr><tr><td>June p</td><td>783</td><td>766</td><td>490</td><td>52</td><td>117</td><td>42</td><td>11</td><td>46</td><td>7</td></tr></table><table><tr><th>Fiscal year or month</th><th>Total deposit fund accounts 1/</th><th>Total 1/</th><th>Investment in public debt securities</th><th>Redemption of Government agency obligations in the market</th><th>Other expenditures</th><th>Other deposit fund accounts</th></tr><tr><td>1948</td><td>367</td><td>162</td><td>8/</td><td>2/</td><td>8/</td><td>204 12/</td></tr><tr><td>1949</td><td>414</td><td>-8</td><td>8/</td><td>2/</td><td>8/</td><td>422 12/</td></tr><tr><td>1950</td><td>96</td><td>44</td><td>3/</td><td>2/</td><td>3/</td><td>140 10/</td></tr><tr><td>1951</td><td>-134</td><td>310</td><td>2/</td><td>2/</td><td>310</td><td>-505</td></tr><tr><td>1952</td><td>-346 11/</td><td>-395</td><td>2/</td><td>2/</td><td>-395</td><td>49 11/</td></tr><tr><td colspan="7">New reporting basis: 6/</td></tr><tr><td>1953</td><td>-529</td><td>-120</td><td>2/</td><td>2/</td><td>-120</td><td>-410</td></tr><tr><td>1954</td><td>-558</td><td>-437</td><td>2/</td><td>2/</td><td>-437</td><td>-121</td></tr><tr><td>1955</td><td>56 r 12/</td><td>7 * 12/</td><td>170</td><td>-269 r</td><td>99 r</td><td>56</td></tr><tr><td>1956 p</td><td>190</td><td>7</td><td>548</td><td>-872</td><td>331</td><td>183</td></tr><tr><td>1957 (Est.)</td><td>-189</td><td>n.a.</td><td>205</td><td>-250</td><td></td><td>-144</td></tr><tr><td>1955-July</td><td>32</td><td>7</td><td>-136</td><td>*</td><td>143</td><td>24</td></tr><tr><td>August</td><td>12</td><td>-7</td><td>-49</td><td>-119</td><td>161</td><td>19</td></tr><tr><td>September</td><td>-14</td><td>4</td><td>-40</td><td>-75</td><td>119</td><td>-18</td></tr><tr><td>October</td><td>145</td><td>-6</td><td>127</td><td>-335</td><td>203</td><td>151</td></tr><tr><td>November</td><td>-23</td><td>-1</td><td>227</td><td>-235</td><td>8</td><td>-22</td></tr><tr><td>December</td><td>-60</td><td>-5</td><td>-17</td><td>*</td><td>13</td><td>-56</td></tr><tr><td>1956-January</td><td>111</td><td>4</td><td>285</td><td>*</td><td>-289</td><td>115</td></tr><tr><td>February</td><td>-16</td><td>13</td><td>70</td><td>-50</td><td>-7</td><td>-30</td></tr><tr><td>March</td><td>-71</td><td>2</td><td>63</td><td>-10</td><td>-51</td><td>-73</td></tr><tr><td>April</td><td>194</td><td>-3</td><td>-11</td><td>36</td><td>-28</td><td>197</td></tr><tr><td>May</td><td>-137</td><td>4</td><td>49</td><td>-47</td><td>3</td><td>-141</td></tr><tr><td>June p</td><td>18</td><td>1</td><td>-17</td><td>-38</td><td>56</td><td>17</td></tr></table>
5/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
5/ As announced February 17, 1954; see page 1, footnote 6.
7/ Prior to 1951, includes net investment in public debt securities by certain agencies (see footnotes 8 and 10); beginning with 1955, includes net security transactions of Government-sponsored enterprises (see footnote 12).
8/ Included in total of deposit fund account expenditures of Government-sponsored enterprises.
9/ Excluded from deposit fund account expenditures and included with similar security transactions of other agencies, shown in Table 4 and 5.
10/ Includes net investment in public debt securities.
11/ Includes transactions by the Air Force and the Army beginning 1952.
12/ For revised classification of security transactions of Government-
Source: See Table 1.
1/ For security transactions included in expenditures prior to 1951 and beginning 1955, see footnotes 2, 8, 10, and 12.
2/ Prior to 1951, includes net investment in public debt securities by certain accounts (see Table 4).
3/ Consists of Civil Service and Foreign Service retirement funds.
4/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian tribal funds, expenditures chargeable against increment on gold, accounts relating to operations under the Mutual Security Act and other funds appropriated to the President, and numerous other accounts which appear in the monthly statement beginning July 1955 grouped by the agencies administering them. Also included are the Railroad Unemployment Insurance Administration Fund beginning with the fiscal year 1954 (see Table 2, footnote 2); the Federal Employees' Insurance Fund (net) from its establishment in August 1954; and the secondary market operations of the Federal National Mortgage Association (net) provided for by the Housing Act of 1954, approved August 2, 1954 (68 Stat. 590).
* Less than $500,000.
n.s. Not available.
p Preliminary. r Revised.
8
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="8">Trust accounts</th><th rowspan="2">Other trust accounts 2/</th></tr><tr><th>Total trust accounts</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employees' retirement funds 1/</th></tr><tr><td>1948</td><td>3/</td><td>3,060 3/</td><td>1,194</td><td>569</td><td>446</td><td>461</td><td>32</td><td>363</td><td>-6</td></tr><tr><td>1949</td><td>3/</td><td>2,311 3/</td><td>1,294</td><td>346</td><td>-160</td><td>353</td><td>32</td><td>447</td><td>-</td></tr><tr><td>1950</td><td>3/</td><td>-402 3/</td><td>1,414</td><td>338</td><td>-724</td><td>-1,946</td><td>-26</td><td>943</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></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></tr><tr><td>New reporting basis: 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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></tr><tr><td>1954</td><td>2,054</td><td>1,688 2/</td><td>1,522</td><td>202</td><td>-218</td><td>23</td><td>-65</td><td>252</td><td>1</td></tr><tr><td>1955</td><td>1,362 6/</td><td>1,236</td><td>1,241 1/</td><td>141</td><td>-545</td><td>73</td><td>-1</td><td>314</td><td>14</td></tr><tr><td>1956 p</td><td>2,687</td><td>2,506</td><td>1,463</td><td>121</td><td>258</td><td>135</td><td>-16</td><td>548</td><td>78</td></tr><tr><td>1957 (Est.)</td><td>1,891</td><td>1,777</td><td>1,039</td><td>122</td><td>5</td><td>95</td><td>-14</td><td>513</td><td>17</td></tr><tr><td>1955-July</td><td>254</td><td>259</td><td>265</td><td>-44</td><td>29</td><td>-6</td><td>-7</td><td>15</td><td>7</td></tr><tr><td>August</td><td>994</td><td>976</td><td>438</td><td>45</td><td>218</td><td>50</td><td>-5</td><td>235</td><td>-6</td></tr><tr><td>September</td><td>-319</td><td>-334</td><td>-269</td><td>-2</td><td>-66</td><td>-9</td><td>-2</td><td>14</td><td>-</td></tr><tr><td>October</td><td>-236</td><td>-251</td><td>-228</td><td>-29</td><td>-42</td><td>-7</td><td>-4</td><td>40</td><td>18</td></tr><tr><td>November</td><td>378</td><td>377</td><td>179</td><td>35</td><td>151</td><td>-6</td><td>-3</td><td>19</td><td>-8</td></tr><tr><td>December</td><td>146</td><td>146</td><td>136</td><td>8</td><td>10</td><td>-4</td><td>-5</td><td>6</td><td>-5</td></tr><tr><td>1956-January</td><td>-373</td><td>-379</td><td>-247</td><td>-37</td><td>-118</td><td>-4</td><td>-3</td><td>-3</td><td>33</td></tr><tr><td>February</td><td>140</td><td>128</td><td>70</td><td>40</td><td>7</td><td>-5</td><td>-4</td><td>-6</td><td>25</td></tr><tr><td>March</td><td>69</td><td>66</td><td>176</td><td>7</td><td>-139</td><td>-12</td><td>-4</td><td>15</td><td>24</td></tr><tr><td>April</td><td>-353</td><td>-355</td><td>-179</td><td>-39</td><td>-85</td><td>-9</td><td>-6</td><td>-1</td><td>-35</td></tr><tr><td>May</td><td>983</td><td>975</td><td>648</td><td>39</td><td>267</td><td>-6</td><td>-6</td><td>8</td><td>26</td></tr><tr><td>June p</td><td>1,004</td><td>980</td><td>474</td><td>98</td><td>16</td><td>153</td><td>33</td><td>207</td><td>-1</td></tr><tr><th rowspan="2">Fiscal year or month 8/</th><th rowspan="2">Total public enterprise funds</th><th colspan="4">Public enterprise funds</th><th colspan="5">Government-sponsored enterprises</th></tr><tr><th>Federal Housing Administration</th><th>Federal Savings and Loan Insurance Corporation</th><th>Other</th><th>Total Government-sponsored enterprises</th><th>Banks for cooperatives</th><th>Federal Deposit Insurance Corporation</th><th>Federal home loan banks</th><th>Federal land banks</th></tr><tr><td>1951</td><td>104</td><td>52</td><td>11</td><td>41</td><td>84</td><td>-</td><td>62</td><td>21</td><td>-</td></tr><tr><td>1952</td><td>101</td><td>21</td><td>7</td><td>73</td><td>179</td><td>-</td><td>84</td><td>95</td><td>-</td></tr><tr><td>New reporting basis: 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953</td><td>79</td><td>59</td><td>9</td><td>12</td><td>153</td><td>5</td><td>87</td><td>61</td><td>-</td></tr><tr><td>1954</td><td>-77</td><td>-86</td><td>11</td><td>-2</td><td>443 5/</td><td>9</td><td>102</td><td>314</td><td>18</td></tr><tr><td>1955</td><td>126</td><td>95 10/</td><td>13</td><td>18 10/</td><td>170</td><td>-10</td><td>98</td><td>82</td><td>-</td></tr><tr><td>1956 p</td><td>101</td><td>69</td><td>15</td><td>17</td><td>548</td><td>-</td><td>104</td><td>425</td><td>19</td></tr><tr><td>1957 (Est.)</td><td>113</td><td>80</td><td>18</td><td>15</td><td>205</td><td>-</td><td>105</td><td>100</td><td>-</td></tr><tr><td>1955-July</td><td>-4</td><td>5</td><td>-10</td><td>1</td><td>-136</td><td>-</td><td>-</td><td>-136</td><td>-</td></tr><tr><td>August</td><td>18</td><td>13</td><td>1</td><td>4</td><td>-49</td><td>-</td><td>-2</td><td>-47</td><td>-</td></tr><tr><td>September</td><td>15</td><td>4</td><td>2</td><td>9</td><td>-40</td><td>-</td><td>1</td><td>-41</td><td>-</td></tr><tr><td>October</td><td>15</td><td>12</td><td>2</td><td>1</td><td>127</td><td>-</td><td>2</td><td>120</td><td>4</td></tr><tr><td>November</td><td>1</td><td>4</td><td>3</td><td>-6</td><td>227</td><td>-</td><td>2</td><td>221</td><td>3</td></tr><tr><td>December</td><td>1</td><td>1</td><td>2</td><td>-3</td><td>-17</td><td>-</td><td>11</td><td>-28</td><td>-</td></tr><tr><td>1956-January</td><td>7</td><td>-1</td><td>4</td><td>3</td><td>285</td><td>-</td><td>68</td><td>217</td><td>-</td></tr><tr><td>February</td><td>12</td><td>11</td><td>1</td><td>-</td><td>70</td><td>-</td><td>4</td><td>56</td><td>10</td></tr><tr><td>March</td><td>2</td><td>6</td><td>2</td><td>-5</td><td>63</td><td>-</td><td>1</td><td>61</td><td>1</td></tr><tr><td>April</td><td>2</td><td>-3</td><td>2</td><td>3</td><td>-11</td><td>-</td><td>4</td><td>-15</td><td>-</td></tr><tr><td>May</td><td>8</td><td>4</td><td>3</td><td>1</td><td>49</td><td>-</td><td>-</td><td>47</td><td>1</td></tr><tr><td>June p</td><td>24</td><td>13</td><td>3</td><td>8</td><td>-17</td><td>-</td><td>13</td><td>-30</td><td>-</td></tr></table><p>Source: See Table 1.</p><p>1/ Prior to 1951, net investment by smaller trust accounts and by deposit fund accounts is included in expenditures in Table 3.</p><p>2/ An announced February 17, 1954; see page 1, footnote 6.</p><p>3/ For explanation of difference from Budget figures, beginning 1954, see "Cash Income and Outgo," Table 7, footnote 2.</p><p>4/ Excludes net investment by Government-sponsored enterprises beginning with the fiscal year 1955 (see Table 1, footnote 4).</p><p>5/ Includes net sale of $300 million for adjustment of excess transfers of tax receipts in 1952 and 1953 (see "Budget Receipts and Expenditures," Table 1, footnote 15).</p><p>6/ Prior to 1951, net investment by public enterprise funds was included in budget expenditures, and net investment by Government-sponsored enterprises was included in deposit fund expenditures (see Table 3).</p><p>7/ Net investment by Government-sponsored enterprises beginning 1955 is included in deposit fund expenditures in Table 3.</p><p>8/ Beginning 1955, figures include net transactions in guaranteed securities by Federal Housing Administration and Federal National Mortgage Association.</p><p>9/ Less than $500,000.</p><p>10/ Preliminary.</p>
August 1956
9
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In millions of dollars; negative figures indicate net sales)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Total guaranteed</th><th colspan="4">Public enterprise funds</th></tr><tr><th></th><th></th><th></th><th>Commodity Credit Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Federal Housing Administration</th><th>Home Owners' Loan Corporation</th></tr><tr><td>1948</td><td>-107</td><td>16</td><td>3</td><td>1</td><td>11</td><td>1</td></tr><tr><td>1949</td><td>74</td><td>46</td><td>31</td><td>1</td><td>14</td><td>1</td></tr><tr><td>1950</td><td>22</td><td>8</td><td>9</td><td>*</td><td>-3</td><td>1</td></tr><tr><td>1951</td><td>-384</td><td>-10</td><td>1</td><td>*</td><td>-12</td><td>*</td></tr><tr><td>1952</td><td>72</td><td>-15</td><td>-1</td><td>*</td><td>-15</td><td>*</td></tr><tr><td colspan="7">New reporting basis: 1/</td></tr><tr><td>1953</td><td>25</td><td>-7</td><td>1</td><td>*</td><td>-7</td><td>*</td></tr><tr><td>1954</td><td>4</td><td>-29</td><td>-</td><td>*</td><td>-30</td><td>*</td></tr><tr><td>1955</td><td>-602 2/</td><td>37</td><td>-</td><td>*</td><td>37</td><td>*</td></tr><tr><td>1956 p.</td><td>-173</td><td>-30</td><td>-</td><td>*</td><td>-30</td><td>*</td></tr><tr><td>1957 (Ent.)</td><td>-242</td><td>-7</td><td>-</td><td>*</td><td>-8</td><td>*</td></tr><tr><td>1955-July</td><td>-27</td><td>3</td><td>-</td><td>*</td><td>3</td><td>*</td></tr><tr><td>August</td><td>-1</td><td>-2</td><td>-</td><td>*</td><td>-2</td><td>*</td></tr><tr><td>September</td><td>16</td><td>-4</td><td>-</td><td>-</td><td>4</td><td>*</td></tr><tr><td>October</td><td>55</td><td>*</td><td>-</td><td>*</td><td>*</td><td>*</td></tr><tr><td>November</td><td>64</td><td>-5</td><td>-</td><td>*</td><td>-5</td><td>*</td></tr><tr><td>December</td><td>33</td><td>*</td><td>-</td><td>*</td><td>*</td><td>*</td></tr><tr><td>1956-January</td><td>2</td><td>*</td><td>-</td><td>*</td><td>*</td><td>*</td></tr><tr><td>February</td><td>-128</td><td>-5</td><td>-</td><td>*</td><td>-5</td><td>*</td></tr><tr><td>March</td><td>-40</td><td>-1</td><td>-</td><td>*</td><td>-1</td><td>*</td></tr><tr><td>April</td><td>-47</td><td>3</td><td>-</td><td>*</td><td>3</td><td>*</td></tr><tr><td>May</td><td>-48</td><td>-6</td><td>-</td><td>*</td><td>-6</td><td>*</td></tr><tr><td>June p.</td><td>-51</td><td>-12</td><td>-</td><td>*</td><td>-12</td><td>*</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="9">Securities not guaranteed by the United States</th></tr><tr><th>Total not guaranteed</th><th>Total public and trust enterprise funds</th><th colspan="3">Public enterprise funds</th><th>Trust enterprise funds</th><th colspan="4">Government-sponsored enterprises</th></tr><tr><th></th><th></th><th></th><th>Federal intermediates credit banks</th><th>Federal National Mortgage Association - Management and liquidation program 3/</th><th>Home Owners' Loan Corporation</th><th>Federal National Mortgage Association - Secondary market operations 3/</th><th>Total Government-sponsored enterprises</th><th>Banks for cooperatives</th><th>Federal home loan banks</th><th>Federal land banks</th></tr><tr><td>1948</td><td>-123</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-123</td><td>-</td><td>-168</td><td>44</td></tr><tr><td>1949</td><td>28</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>28</td><td>-</td><td>22</td><td>6</td></tr><tr><td>1950</td><td>14</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>14</td><td>-</td><td>83</td><td>-69</td></tr><tr><td>1951</td><td>-374</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-374</td><td>-</td><td>-375</td><td>1</td></tr><tr><td>1952</td><td>88</td><td>-98</td><td>-98</td><td>-</td><td>*</td><td>-</td><td>186</td><td>-</td><td>285</td><td>-99</td></tr><tr><td colspan="11">New reporting basis: 1/</td></tr><tr><td>1953</td><td>32</td><td>65</td><td>65</td><td>-</td><td>*</td><td>-</td><td>-33</td><td>-</td><td>12</td><td>-45</td></tr><tr><td>1954</td><td>33</td><td>44</td><td>44</td><td>-</td><td>*</td><td>-</td><td>-11</td><td>-</td><td>136</td><td>-146</td></tr><tr><td colspan="11">Memorandum 1/</td></tr><tr><td>1955</td><td>-639 2/</td><td>-639</td><td>-69</td><td>-570</td><td>*</td><td>-</td><td>-269 r</td><td>10 r</td><td>-226</td><td>-53</td></tr><tr><td>1956 p....</td><td>-144</td><td>-144</td><td>-144</td><td>-</td><td>*</td><td>-100</td><td>-372</td><td>-23</td><td>-589</td><td>-261</td></tr><tr><td>1957 (Est.)</td><td>-234 5/</td><td>-234 5/</td><td>-32</td><td>-</td><td>*</td><td>-175</td><td>-250</td><td>-</td><td>-100</td><td>-150</td></tr><tr><td>1955-July</td><td>-29</td><td>-29</td><td>-29</td><td>-</td><td>*</td><td>-</td><td>*</td><td>*</td><td>-</td><td>*</td></tr><tr><td>Aug....</td><td>1</td><td>1</td><td>1</td><td>-</td><td>*</td><td>-</td><td>-119</td><td>-</td><td>-119</td><td>*</td></tr><tr><td>Sept....</td><td>20</td><td>20</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-75</td><td>-</td><td>-75</td><td>*</td></tr><tr><td>Oct....</td><td>55</td><td>55</td><td>55</td><td>-</td><td>*</td><td>-</td><td>-335</td><td>-</td><td>-205</td><td>-130</td></tr><tr><td>Nov....</td><td>69</td><td>69</td><td>69</td><td>-</td><td>-</td><td>-</td><td>-235</td><td>-</td><td>-235</td><td>*</td></tr><tr><td>Dec....</td><td>33</td><td>33</td><td>33</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>*</td><td>*</td></tr><tr><td>1956-Jan....</td><td>2</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-100</td><td>*</td><td>-</td><td>80</td><td>-130</td></tr><tr><td>Feb....</td><td>-122</td><td>-122</td><td>-22</td><td>-</td><td>-</td><td>-</td><td>-50</td><td>-26</td><td>17</td><td>*</td></tr><tr><td>Mar....</td><td>-39</td><td>-39</td><td>-39</td><td>-</td><td>-</td><td>-</td><td>36</td><td>20</td><td>15</td><td>*</td></tr><tr><td>Apr....</td><td>-50</td><td>-50</td><td>-50</td><td>-</td><td>*</td><td>-</td><td>-47</td><td>6</td><td>-51</td><td>-2</td></tr><tr><td>May....</td><td>-42</td><td>-42</td><td>-42</td><td>-</td><td>-</td><td>-</td><td>-38</td><td>-23</td><td>-16</td><td>1</td></tr><tr><td>June p.</td><td>-39</td><td>-39</td><td>-39</td><td>-</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td></tr></table>
Source: See Table 1.
1/ As announced February 17, 1954; see page 1, footnote 6.
2/ Beginning 1955, excludes net transactions of Government-sponsored enterprises (see Table 3).
3/ As provided by the Housing Act of 1954, approved August 2, 1954 (68 Stat. 590).
4/ Net redemption, or sale (-), by Government-sponsored enterprises beginning 1955 is included in deposit fund expenditures in Table 3.
5/ Total includes $28 million under proposed legislation for the Tennessee Valley Authority.
* Less than $500,000.
p Preliminary. r Revised.
10
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="3">Expenditures other than investments</th></tr><tr><th></th><th>Total 2/</th><th>Appropriations 3/</th><th>Interest and profits on investments</th><th>Other 4/</th><th>Deposits by States 5/</th><th>Total</th><th>Benefit payments</th><th>Refunds of taxes 6/</th></tr><tr><td>1937-47.</td><td>10,558.8</td><td>9,719.0</td><td>839.7</td><td>.4</td><td>-</td><td>1,760.7</td><td>1,589.6</td><td>-</td></tr><tr><td>1948.</td><td>1,807.4</td><td>1,615.2</td><td>190.6</td><td>.7</td><td>-</td><td>559.1</td><td>511.7</td><td>-</td></tr><tr><td>1949.</td><td>1,923.8</td><td>1,690.3</td><td>230.2</td><td>3.3</td><td>-</td><td>660.5</td><td>607.0</td><td>-</td></tr><tr><td>1950.</td><td>2,366.8</td><td>2,105.4</td><td>256.8</td><td>3.6</td><td>-</td><td>784.1</td><td>727.3</td><td>-</td></tr><tr><td>1951.</td><td>3,411.5</td><td>3,119.5</td><td>287.4</td><td>3.7</td><td>.9</td><td>1,268.5</td><td>1,498.1</td><td>-</td></tr><tr><td>1952.</td><td>3,931.5</td><td>3,568.6</td><td>333.5</td><td>3.7</td><td>25.7</td><td>2,067.1</td><td>1,982.4</td><td>-</td></tr><tr><td>New reporting basis: 7/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953.</td><td>4,516.3</td><td>4,086.3</td><td>386.6</td><td>-</td><td>43.3</td><td>2,750.0</td><td>2,627.5</td><td>33.0</td></tr><tr><td>1954.</td><td>5,080.3</td><td>4,537.3</td><td>438.9</td><td>11.6</td><td>92.4</td><td>3,404.8</td><td>3,275.6</td><td>40.5</td></tr><tr><td>1955.</td><td>5,585.8</td><td>5,039.6</td><td>438.0</td><td>9.6</td><td>98.6</td><td>4,487.5</td><td>4,333.1</td><td>51.0</td></tr><tr><td>1956 p.</td><td>7,003.3</td><td>6,336.8</td><td>487.5</td><td>7.4</td><td>171.5</td><td>5,551.3</td><td>5,360.8</td><td>66.0</td></tr><tr><td>1957 (Est.)</td><td>7,335.6</td><td>6,635.0</td><td>565.0</td><td>5.5</td><td>130.0</td><td>6,249.6</td><td>6,050.0</td><td>68.0</td></tr><tr><td>1955-July.</td><td>224.7</td><td>198.5</td><td>-</td><td>7.4</td><td>18.8</td><td>435.2</td><td>424.1</td><td>-</td></tr><tr><td>August.</td><td>925.0</td><td>911.6</td><td>1.3</td><td>-</td><td>12.0</td><td>438.6</td><td>428.4</td><td>-</td></tr><tr><td>September.</td><td>534.5</td><td>518.7</td><td>15.3</td><td>-</td><td>.4</td><td>437.8</td><td>427.9</td><td>-</td></tr><tr><td>October.</td><td>305.7</td><td>267.7</td><td>18.1</td><td>-</td><td>19.8</td><td>509.9</td><td>431.2</td><td>66.0</td></tr><tr><td>November.</td><td>708.9</td><td>691.9</td><td>4.2</td><td>-</td><td>12.8</td><td>449.2</td><td>436.6</td><td>-</td></tr><tr><td>December.</td><td>541.2</td><td>338.7</td><td>201.1</td><td>-</td><td>1.3</td><td>446.9</td><td>437.4</td><td>-</td></tr><tr><td>1956-January.</td><td>187.1</td><td>162.5</td><td>1.0</td><td>-</td><td>23.5</td><td>448.2</td><td>438.5</td><td>-</td></tr><tr><td>February.</td><td>665.2</td><td>646.2</td><td>3.3</td><td>-</td><td>15.7</td><td>454.6</td><td>444.6</td><td>-</td></tr><tr><td>March.</td><td>533.9</td><td>512.4</td><td>13.7</td><td>-</td><td>7.7</td><td>467.9</td><td>457.7</td><td>-</td></tr><tr><td>April.</td><td>616.8</td><td>566.7</td><td>18.4</td><td>-</td><td>31.6</td><td>481.3</td><td>471.7</td><td>-</td></tr><tr><td>May.</td><td>1,002.2</td><td>972.7</td><td>4.6</td><td>-</td><td>24.9</td><td>491.4</td><td>479.0</td><td>-</td></tr><tr><td>June p.</td><td>758.3</td><td>549.2</td><td>206.2</td><td>-</td><td>2.9</td><td>490.0</td><td>480.7</td><td>-</td></tr><tr><td>1937 to date p 8/.</td><td>46,186.6</td><td>41,819.9</td><td>3,889.2</td><td>44.0</td><td>433.1</td><td>23,593.5</td><td>22,452.8</td><td>190.5</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Expenditures other than investments - (Continued)</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Reimbursements to general fund 2/</th><th>Bureau of OASI 10/</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1937-47</td><td>206.0</td><td>25.2</td><td>8,798.4</td><td>8,798.4</td><td>8,742.3</td><td>56.1</td></tr><tr><td>1948</td><td>13.0</td><td>34.4</td><td>1,248.3</td><td>10,046.7</td><td>9,936.8</td><td>109.9</td></tr><tr><td>1949</td><td>14.1</td><td>39.3</td><td>1,263.3</td><td>11,309.9</td><td>11,230.7</td><td>79.3</td></tr><tr><td>1950</td><td>14.6</td><td>42.3</td><td>1,582.7</td><td>12,892.6</td><td>12,044.8</td><td>247.8</td></tr><tr><td>1951</td><td>18.6</td><td>51.9</td><td>1,843.0</td><td>14,735.6</td><td>14,322.8</td><td>412.8</td></tr><tr><td>1952</td><td>24.8</td><td>59.9</td><td>1,864.5</td><td>16,600.0</td><td>16,273.1</td><td>327.0</td></tr><tr><td colspan="7">New reporting basis: 2/</td></tr><tr><td>1953</td><td>24.4</td><td>65.1</td><td>1,766.3</td><td>18,366.4</td><td>17,817.6</td><td>548.8</td></tr><tr><td>1954</td><td>26.0</td><td>62.7</td><td>1,675.5</td><td>20,042.6 8/</td><td>19,339.9</td><td>702.8</td></tr><tr><td>1955</td><td>27.1</td><td>76.2</td><td>1,998.4</td><td>21,141.0</td><td>20,580.5</td><td>560.5</td></tr><tr><td>1956 p.</td><td>30.7</td><td>93.8</td><td>1,452.1</td><td>22,593.1</td><td>22,043.0</td><td>550.0</td></tr><tr><td>1957 (Est.)</td><td>29.5</td><td>102.1</td><td>1,086.0</td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>2.4</td><td>8.7</td><td>-210.5</td><td>20,930.4</td><td>20,845.9</td><td>84.5</td></tr><tr><td>August</td><td>3.5</td><td>6.7</td><td>486.3</td><td>21,416.8</td><td>21,283.9</td><td>132.9</td></tr><tr><td>September</td><td>2.5</td><td>7.5</td><td>95.6</td><td>21,513.4</td><td>21,015.0</td><td>498.3</td></tr><tr><td>October</td><td>2.5</td><td>7.2</td><td>-204.3</td><td>21,309.1</td><td>20,787.0</td><td>522.1</td></tr><tr><td>November</td><td>2.5</td><td>10.0</td><td>259.7</td><td>21,568.8</td><td>20,966.0</td><td>602.8</td></tr><tr><td>December</td><td>2.5</td><td>7.0</td><td>94.3</td><td>21,663.1</td><td>21,101.9</td><td>561.2</td></tr><tr><td>1956-January</td><td>2.5</td><td>7.3</td><td>-261.1</td><td>21,402.0</td><td>20,854.5</td><td>547.5</td></tr><tr><td>February</td><td>2.5</td><td>7.5</td><td>210.6</td><td>21,612.5</td><td>20,924.8</td><td>687.7</td></tr><tr><td>March</td><td>2.5</td><td>7.8</td><td>66.0</td><td>21,678.5</td><td>21,100.8</td><td>577.8</td></tr><tr><td>April</td><td>2.4</td><td>7.2</td><td>135.5</td><td>21,814.0</td><td>20,921.6</td><td>892.4</td></tr><tr><td>May</td><td>2.5</td><td>10.0</td><td>510.8</td><td>22,324.7</td><td>21,569.3</td><td>755.5</td></tr><tr><td>June p.</td><td>2.4</td><td>6.9</td><td>268.3</td><td>22,593.1</td><td>22,043.0</td><td>550.0</td></tr><tr><td>1937 to date p 2/</td><td>399.3</td><td>550.8</td><td>22,593.1</td><td>22,593.1</td><td>22,043.0</td><td>550.0</td></tr></table>
Source: See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Beginning November 1951, the total includes small amounts of receipts, in the nature of recoveries from expenditures incidental to the operations.
3/ For basis, see "Budget Receipts and Expenditures," Table 1, foot-note 12.
4/ Through 1932, consists of transfers from general fund under Section 217 of the Social Security Act, as amended; beginning with 1954, consists of transfers from the Feilroad Retirement Account (see Table 8).
5/ To cover employees of States and their political subdivisions, under provisions added by the Amendments of 1950 (64 Stat. 516).
6/ Feimbursement to the general fund under Section 201 (f) (2) of the
Social Security Act as added by the Amendments of 1950. As announced February 17, 1954; see page 1, footnote 6. Includes adjustments to monthly statement basis. Under Section 201 (f) (1) of the Social Security Act, as amended; for amounts expended by the Department of Health, Education, and Welfare (and predecessor agencies) and the Treasury Department for the administration of Title II of that act and the related parts of the Internal Revenue Code (26 U.S.C. 430-432, 1400-1432). (See also footnote 10). Salaries and expenses of the Bureau of Old-Age and Survivors Insurance, paid directly from the trust fund beginning 1947, under provisions of annual appropriation acts; and construction of an office building, beginning 1954. Preliminary.
11
August 1956
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7. - Unemployment Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="4">Receipts</th><th rowspan="2">Federal Unemployment Account 4/ Transfers from general fund</th><th rowspan="2">Interest on investments</th></tr><tr><th>State accounts Deposits by Statee</th><th>Railroad Unemployment Insurance Account 1/ Contributions 2/</th><th>Transfers from Administration Fund 3/</th></tr><tr><td>1936-47</td><td>12,257.8 5/</td><td>10,555.5</td><td>746.3</td><td>56.9</td><td>-</td><td>792.0</td></tr><tr><td>1948</td><td>1,312.9</td><td>1,007.3</td><td>130.6</td><td>9.7</td><td>-</td><td>165.3</td></tr><tr><td>1949</td><td>1,173.2</td><td>984.0</td><td>.1</td><td>9.0</td><td>-</td><td>180.1</td></tr><tr><td>1950</td><td>1,281.0</td><td>1,098.8</td><td>9.7</td><td>5.4</td><td>-</td><td>167.1</td></tr><tr><td>1951</td><td>1,541.6</td><td>1,362.6</td><td>14.9</td><td>-</td><td>-</td><td>164.1</td></tr><tr><td>1952</td><td>1,643.3</td><td>1,439.0</td><td>15.4</td><td>4.4</td><td>-</td><td>184.5</td></tr><tr><td>New reporting basis: 6/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953</td><td>1,593.8</td><td>1,371.1</td><td>15.0</td><td>4.9</td><td>-</td><td>202.8</td></tr><tr><td>1954</td><td>1,492.5</td><td>1,246.0</td><td>17.8</td><td>4.2</td><td>-</td><td>224.4</td></tr><tr><td>1955</td><td>1,425.4</td><td>1,146.2</td><td>14.2</td><td>1.6</td><td>64.3</td><td>199.1</td></tr><tr><td>1956 p</td><td>1,727.8</td><td>1,329.9</td><td>27.6</td><td>3.6</td><td>167.8</td><td>198.9</td></tr><tr><td>1957 (Est.)</td><td>1,609.9</td><td>1,250.0</td><td>81.0</td><td>2.1</td><td>80.5</td><td>196.3</td></tr><tr><td>1955-July</td><td>140.1</td><td>53.2</td><td>.1</td><td>-</td><td>86.8</td><td>.1</td></tr><tr><td>August</td><td>302.3</td><td>299.9</td><td>2.1</td><td>.2</td><td>-</td><td>.1</td></tr><tr><td>September</td><td>11.7</td><td>9.6</td><td>1.4</td><td>-</td><td>-</td><td>.6</td></tr><tr><td>October</td><td>56.3</td><td>45.6</td><td>.2</td><td>-</td><td>-</td><td>10.5</td></tr><tr><td>November</td><td>221.1</td><td>220.2</td><td>.9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>December</td><td>107.9</td><td>16.9</td><td>2.8</td><td>-</td><td>-</td><td>88.2</td></tr><tr><td>1956-January</td><td>42.4</td><td>42.3</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>February</td><td>156.8</td><td>155.4</td><td>1.3</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>March</td><td>17.5</td><td>14.1</td><td>2.5</td><td>-</td><td>-</td><td>.9</td></tr><tr><td>April</td><td>91.4</td><td>80.0</td><td>.5</td><td>-</td><td>-</td><td>10.8</td></tr><tr><td>May</td><td>387.0</td><td>376.4</td><td>10.6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June p</td><td>193.3</td><td>16.2</td><td>5.3</td><td>3.4</td><td>81.0</td><td>87.4</td></tr><tr><td>1936 to date p 7/</td><td>25,450.5 5/</td><td>21,541.6</td><td>991.8</td><td>99.7</td><td>232.1</td><td>2,478.2</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>State accounts Withdrawals by States</th><th>Railroad Unemployment Insurance Account 1/ Benefit payments</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1936-47............</td><td>4,388.8 5/</td><td>4,168.1</td><td>113.5</td><td>7,869.0</td><td>7,869.0</td><td>7,852.0</td><td>17.0</td></tr><tr><td>1948............</td><td>858.9</td><td>798.1</td><td>60.8</td><td>454.0</td><td>8,323.0</td><td>8,298.4</td><td>24.6</td></tr><tr><td>1949............</td><td>1,313.5</td><td>1,227.1</td><td>86.7 8/</td><td>-140.6</td><td>8,182.4</td><td>8,138.3</td><td>44.1</td></tr><tr><td>1950............</td><td>2,025.5</td><td>1,879.0</td><td>146.5 8/</td><td>-744.5</td><td>7,437.9</td><td>7,414.3</td><td>23.6</td></tr><tr><td>1951............</td><td>900.3</td><td>848.3</td><td>52.0</td><td>641.3</td><td>8,079.2</td><td>8,064.2</td><td>15.0</td></tr><tr><td>1952............</td><td>1,048.6</td><td>1,000.3</td><td>48.3</td><td>594.7</td><td>8,673.9</td><td>8,647.1</td><td>26.9</td></tr><tr><td>New reporting basis: 6/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953............</td><td>1,009.8</td><td>912.6</td><td>97.3</td><td>584.0</td><td>9,246.7 1/</td><td>9,237.0</td><td>9.7</td></tr><tr><td>1954............</td><td>1,744.9</td><td>1,604.8</td><td>140.0</td><td>-252.4</td><td>8,994.3</td><td>8,989.0</td><td>5.4</td></tr><tr><td>1955............</td><td>1,965.4</td><td>1,759.5</td><td>205.9</td><td>-540.0</td><td>8,454.3</td><td>8,443.8</td><td>10.5</td></tr><tr><td>1956 p.........</td><td>1,392.6</td><td>1,287.0</td><td>105.7</td><td>335.2</td><td>8,789.5</td><td>8,701.5</td><td>88.0</td></tr><tr><td>1957 (Est.)......</td><td>1,603.3</td><td>1,425.0</td><td>178.3</td><td>6.6</td><td></td><td></td><td></td></tr><tr><td>1955-July.........</td><td>94.5</td><td>89.1</td><td>5.4</td><td>45.6</td><td>8,499.9</td><td>8,472.6</td><td>27.4</td></tr><tr><td>August............</td><td>99.6</td><td>90.8</td><td>8.8</td><td>202.6</td><td>8,702.6</td><td>8,690.6</td><td>12.0</td></tr><tr><td>September.........</td><td>86.3</td><td>77.7</td><td>8.6</td><td>-74.6</td><td>8,627.9</td><td>8,624.6</td><td>3.4</td></tr><tr><td>October...........</td><td>75.2</td><td>67.0</td><td>8.1</td><td>-18.9</td><td>8,609.0</td><td>8,582.6</td><td>26.5</td></tr><tr><td>November.........</td><td>76.4</td><td>67.3</td><td>9.1</td><td>144.7</td><td>8,753.8</td><td>8,743.6</td><td>10.2</td></tr><tr><td>December........</td><td>103.5</td><td>92.7</td><td>10.8</td><td>4.5</td><td>8,758.2</td><td>8,753.5</td><td>4.7</td></tr><tr><td>1956-January......</td><td>192.5</td><td>140.5</td><td>12.0</td><td>-110.1</td><td>8,648.1</td><td>8,635.5</td><td>12.6</td></tr><tr><td>February.........</td><td>151.9</td><td>141.0</td><td>10.9</td><td>5.0</td><td>8,653.1</td><td>8,642.5</td><td>10.6</td></tr><tr><td>March............</td><td>162.9</td><td>151.9</td><td>11.0</td><td>-145.4</td><td>8,507.7</td><td>8,503.5</td><td>4.1</td></tr><tr><td>April............</td><td>146.2</td><td>137.8</td><td>8.5</td><td>-54.8</td><td>8,452.8</td><td>8,418.5</td><td>34.3</td></tr><tr><td>May................</td><td>126.3</td><td>119.3</td><td>6.9</td><td>260.7</td><td>8,713.5</td><td>8,685.5</td><td>28.0</td></tr><tr><td>June p...........</td><td>117.3</td><td>111.6</td><td>5.7</td><td>76.0</td><td>8,789.5</td><td>8,701.5</td><td>88.0</td></tr><tr><td>1936 to date p 7/....</td><td>16,661.0 5/</td><td>15,497.2</td><td>1,056.7</td><td>8,789.5</td><td>8,789.5</td><td>8,701.5</td><td>88.0</td></tr></table>
Source: See Table 1.
1/ Excludes interim advance of $15 million from the Treasury and subsequent repayment, both taking place in the fiscal year 1940.
2/ Represents contributions under the Railroad Unemployment Insurance Act of 1938, as amended (45 U.S.C. 360 (a)), in excess of the amount specified for administrative expenses.
3/ Represents excess funds of the Railroad Unemployment Insurance Administration Fund, under act of October 10, 1940 (54 Stat. 1093).
4/ Represents excess of collections from the Federal Unemployment tax over employment security administrative expenses, to be used to establish and maintain a $200 million reserve in the Federal unemployment account which will be available for advances to States (Public Law 567, approved August 5, 1954 - 68 Stat. 668).
5/ Total include $107.2 million transferred from States to Railroad Unemployment Insurance Account equivalent to amounts of taxes collected with respect to period from January 1936 to June 1939, inclusive, from employers who came within the purview of the Railroad Unemployment Insurance Act.
6/ As announced February 17, 1954; see page 1, footnote 6.
7/ Includes adjustments to monthly statement basis.
8/ Includes transfers to the Railroad Unemployment Insurance Administration Fund as follows: $9.7 million in 1949 and $2.6 million in 1950, representing adjustment for over-collections due to retro-active change in tax rate (45 U.S.C. 358 (e)).
* Less than $50,000. p Preliminary.
12
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Railroad Retirement Account
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="4">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>Appropriations 1/</th><th>Interest on investments</th><th>Total</th><th>Benefit payments</th><th>Administrative expenses 2/</th><th>Transfers to FOASI Trust Fund 3/</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1936-4-</td><td>2,102.6</td><td>2,016.1</td><td>86.5</td><td>1,277.7</td><td>1,277.7</td><td>-</td><td>-</td><td>824.9</td><td>824.9</td><td>805.5</td><td>19.4</td></tr><tr><td>1948</td><td>797.4</td><td>758.5</td><td>38.9</td><td>222.3</td><td>222.3</td><td>-</td><td>-</td><td>575.1</td><td>1,399.9</td><td>1,374.5</td><td>25.4</td></tr><tr><td>1949</td><td>677.4</td><td>626.5</td><td>50.9</td><td>278.2</td><td>278.2</td><td>-</td><td>-</td><td>399.2</td><td>1,799.1</td><td>1,720.0</td><td>79.1</td></tr><tr><td>1950</td><td>749.2</td><td>687.0</td><td>62.2</td><td>304.4</td><td>299.9</td><td>4.5</td><td>-</td><td>444.8</td><td>2,244.0</td><td>2,057.6</td><td>186.4</td></tr><tr><td>1951</td><td>561.0</td><td>490.8</td><td>70.2</td><td>321.0</td><td>316.2</td><td>4.9</td><td>-</td><td>240.0</td><td>2,483.9</td><td>2,414.5</td><td>69.4</td></tr><tr><td>1952</td><td>829.7</td><td>750.8 4/</td><td>78.9</td><td>390.7</td><td>384.6</td><td>6.1</td><td>-</td><td>439.0</td><td>2,922.9</td><td>2,863.1</td><td>59.8</td></tr><tr><td>New reporting basis: 5/</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>1953</td><td>742.3</td><td>653.0</td><td>89.3</td><td>465.1</td><td>458.9</td><td>6.1</td><td>-</td><td>277.2</td><td>3,201.9 6/</td><td>3,214.2.8</td><td>59.1</td></tr><tr><td>1954</td><td>717.9</td><td>619.2 4/</td><td>98.7</td><td>502.0</td><td>484.6</td><td>5.8</td><td>11.6</td><td>215.9</td><td>3,417.8</td><td>3,345.3</td><td>72.5</td></tr><tr><td>1955</td><td>699.9</td><td>598.9</td><td>101.0</td><td>585.1</td><td>569.3</td><td>6.3</td><td>9.6</td><td>114.8</td><td>3,532.5</td><td>3,485.9</td><td>46.6</td></tr><tr><td>1955 p...</td><td>733.3</td><td>634.3</td><td>105.0</td><td>610.6</td><td>596.4</td><td>6.8</td><td>7.4</td><td>128.7</td><td>3,661.2</td><td>3,606.5</td><td>54.7</td></tr><tr><td>1957 (Est.)</td><td>770.0</td><td>661.7</td><td>108.3</td><td>649.9</td><td>637.1</td><td>7.3</td><td>5.5</td><td>120.1</td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>15.6</td><td>15.5</td><td>.1</td><td>55.5</td><td>47.5</td><td>.6</td><td>7.4</td><td>-39.9</td><td>3,492.6</td><td>3,441.4</td><td>51.2</td></tr><tr><td>August</td><td>85.2</td><td>84.9</td><td>.2</td><td>48.2</td><td>47.7</td><td>.5</td><td>-</td><td>36.9</td><td>3,529.5</td><td>3,486.6</td><td>42.9</td></tr><tr><td>September</td><td>60.2</td><td>59.8</td><td>.4</td><td>48.0</td><td>47.5</td><td>.5</td><td>-</td><td>12.2</td><td>3,541.7</td><td>3,484.8</td><td>56.8</td></tr><tr><td>October</td><td>18.5</td><td>18.0</td><td>.5</td><td>50.1</td><td>49.4</td><td>.7</td><td>-</td><td>-31.6</td><td>3,510.1</td><td>3,456.2</td><td>53.9</td></tr><tr><td>November</td><td>85.4</td><td>84.8</td><td>.6</td><td>50.4</td><td>49.9</td><td>.5</td><td>-</td><td>35.0</td><td>3,545.1</td><td>3,490.9</td><td>54.1</td></tr><tr><td>December</td><td>55.5</td><td>54.7</td><td>.8</td><td>50.3</td><td>49.9</td><td>.5</td><td>-</td><td>5.1</td><td>3,550.2</td><td>3,499.3</td><td>50.9</td></tr><tr><td>1956-January</td><td>18.2</td><td>17.3</td><td>.9</td><td>50.3</td><td>49.8</td><td>.5</td><td>-</td><td>-32.1</td><td>3,518.1</td><td>3,461.9</td><td>56.2</td></tr><tr><td>February</td><td>86.1</td><td>85.1</td><td>1.0</td><td>50.5</td><td>50.0</td><td>.5</td><td>-</td><td>35.6</td><td>3,553.7</td><td>3,502.0</td><td>51.7</td></tr><tr><td>March</td><td>55.0</td><td>53.9</td><td>1.1</td><td>51.3</td><td>50.8</td><td>.5</td><td>-</td><td>3.7</td><td>3,557.4</td><td>3,509.1</td><td>48.3</td></tr><tr><td>April</td><td>10.7</td><td>15.3</td><td>1.4</td><td>52.1</td><td>51.2</td><td>.9</td><td>-</td><td>-35.4</td><td>3,522.0</td><td>3,470.2</td><td>51.8</td></tr><tr><td>May</td><td>22.9</td><td>91.4</td><td>1.5</td><td>52.2</td><td>51.7</td><td>.5</td><td>-</td><td>10.6</td><td>3,562.6</td><td>3,508.9</td><td>53.7</td></tr><tr><td>June p...</td><td>150.2</td><td>53.7</td><td>96.4</td><td>51.6</td><td>51.1</td><td>.5</td><td>-</td><td>98.6</td><td>3,661.2</td><td>3,606.5</td><td>54.7</td></tr><tr><td>1936 to date p 5/ 8,519.3</td><td>7,836.8</td><td>781.5</td><td>4,957.1</td><td>4,888.0</td><td>40.5</td><td>28.6</td><td>3,661.2</td><td>3,661.2</td><td>3,606.5</td><td>54.7</td></tr></table>
Source: See Table 1. 1/ Includes the Government's contribution for creditable military service under the act of April 8, 1942 (56 Stat. 204). Beginning 1952, appropriations of receipts are equal to the amount of taxes deposited to the Treasury (less refunds) under the Fossil-fuel Retirement Tax Act, and transfers are made currently subject to later adjustments (see Budget Receipts and Expenditures, Table 1). For prior years, appropriations were included here when made, but were included in Table 2 when the funds were transferred from the general fund. Beginning 1954 includes inappropriate transfers of tax receipts.
2/ Paid from the trust fund beginning 1950 (63 Stat. 297). 
3/ Pursuant to the Railroad Retirement Act as amended October 30, 1951 (45 U.S.C. 228c). 
4/ Appropriations reduced by $19.8 million in November 1951 and $18.7 million in August 1953 and these amounts transferred to surplus, pursuant to Public Laws 759, approved September 6, 1950, and 170, approved July 31, 1953. 
5/ As announced February 17, 1954; see page 1, footnote 6. 
2/ Includes adjustments to monthly statement basis. 
p Preliminary.
Table 9.- National Service Life Insurance Fund
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures other than investments</th><th>Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th></th><th>Total</th><th>Premiums and other receipts</th><th>Transfers from general fund</th><th>Interest on investments</th><th>Total</th><th>Benefits and refunds</th><th>Special dividends</th><th></th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1941-47</td><td>7,253.1</td><td>3,425.7</td><td>3,447.3</td><td>380.1</td><td>725.5</td><td>725.5</td><td>-</td><td>6,527.6</td><td>6,527.6</td><td>6,473.7</td><td>53.9</td></tr><tr><td>1948</td><td>739.7</td><td>387.5</td><td>153.0</td><td>199.2</td><td>301.9</td><td>301.9</td><td>-</td><td>437.7</td><td>6,955.3</td><td>6,934.7</td><td>30.6</td></tr><tr><td>1949</td><td>690.1</td><td>392.8</td><td>87.0</td><td>210.3</td><td>348.1</td><td>348.1</td><td>-</td><td>342.0</td><td>7,307.3</td><td>7,287.7</td><td>19.6</td></tr><tr><td>1950</td><td>1,076.4</td><td>395.7</td><td>472.8</td><td>205.0</td><td>2,987.9</td><td>354.9</td><td>2,633.0</td><td>-1,911.5</td><td>5,395.8</td><td>5,342.1</td><td>53.6</td></tr><tr><td>1951</td><td>683.7</td><td>480.1</td><td>43.4</td><td>160.3</td><td>613.6</td><td>391.4</td><td>222.2</td><td>70.1</td><td>5,465.9</td><td>5,435.6</td><td>30.2</td></tr><tr><td>1952</td><td>786.0</td><td>426.4</td><td>203.5</td><td>156.2</td><td>996.3</td><td>455.5</td><td>540.8</td><td>-210.2</td><td>5,255.6</td><td>5,190.6</td><td>65.0</td></tr><tr><td>New reporting basis: 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>636.6</td><td>397.7</td><td>84.0</td><td>154.9</td><td>588.0</td><td>434.2</td><td>153.8</td><td>48.7</td><td>5,304.3</td><td>5,249.5</td><td>54.8</td></tr><tr><td>1953</td><td>619.3</td><td>390.8</td><td>72.1</td><td>156.4</td><td>622.6</td><td>444.7</td><td>177.8</td><td>-3.3</td><td>5,301.0</td><td>5,272.5</td><td>28.5</td></tr><tr><td>1954</td><td>400.5</td><td>405.5</td><td>27.8</td><td>157.2</td><td>537.8</td><td>382.9</td><td>154.9</td><td>52.6</td><td>5,353.7</td><td>5,345.6</td><td>8.0</td></tr><tr><td>1955 p</td><td>648.9</td><td>410.1</td><td>78.1</td><td>160.7</td><td>512.0</td><td></td><td>512.0</td><td>137.0</td><td>5,490.6</td><td>5,471.1</td><td>9.5</td></tr><tr><td>1957 (Est.)</td><td>602.1</td><td>415.0</td><td>24.1</td><td>163.0</td><td>505.9</td><td></td><td>505.9</td><td>96.2</td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>32.9</td><td>32.3</td><td>.3</td><td>*</td><td>39.0</td><td>28.5</td><td>10.4</td><td>-6.4</td><td>5,347.2</td><td>5,339.6</td><td>7.6</td></tr><tr><td>August</td><td>92.9</td><td>34.9</td><td>58.0</td><td>*</td><td>43.1</td><td>31.1</td><td>12.0</td><td>49.8</td><td>5,397.0</td><td>5,389.6</td><td>7.4</td></tr><tr><td>September</td><td>36.1</td><td>33.5</td><td>2.5</td><td>.1</td><td>44.0</td><td>29.9</td><td>14.2</td><td>-8.0</td><td>5,389.1</td><td>5,380.6</td><td>8.5</td></tr><tr><td>October</td><td>35.1</td><td>33.6</td><td>1.4</td><td>.1</td><td>41.7</td><td>29.5</td><td>12.3</td><td>-6.6</td><td>5,382.4</td><td>5,373.6</td><td>8.8</td></tr><tr><td>November</td><td>33.8</td><td>32.1</td><td>1.6</td><td>.1</td><td>39.9</td><td>29.1</td><td>10.8</td><td>-6.1</td><td>5,376.3</td><td>5,367.6</td><td>8.7</td></tr><tr><td>December</td><td>33.7</td><td>31.5</td><td>2.1</td><td>.1</td><td>37.9</td><td>28.1</td><td>9.8</td><td>-4.2</td><td>5,372.1</td><td>5,363.6</td><td>8.4</td></tr><tr><td>1957-January</td><td>40.3</td><td>38.8</td><td>1.5</td><td>.1</td><td>41.7</td><td>30.0</td><td>11.6</td><td>-1.3</td><td>5,370.7</td><td>5,359.6</td><td>11.1</td></tr><tr><td>February</td><td>38.2</td><td>35.9</td><td>2.2</td><td>.1</td><td>45.1</td><td>30.2</td><td>14.9</td><td>-6.9</td><td>5,363.8</td><td>5,354.6</td><td>9.2</td></tr><tr><td>March</td><td>36.9</td><td>34.9</td><td>1.7</td><td>.3</td><td>49.2</td><td>32.0</td><td>17.2</td><td>-12.3</td><td>5,351.5</td><td>5,342.6</td><td>8.8</td></tr><tr><td>April</td><td>37.5</td><td>35.0</td><td>2.3</td><td>.2</td><td>45.2</td><td></td><td>45.2</td><td>-7.7</td><td>5,343.8</td><td>5,333.6</td><td>10.2</td></tr><tr><td>May</td><td>35.6</td><td>33.3</td><td>2.1</td><td>.2</td><td>43.4</td><td></td><td>43.4</td><td>-7.8</td><td>5,336.0</td><td>5,327.6</td><td>8.4</td></tr><tr><td>June p</td><td>196.4</td><td>34.4</td><td>2.4</td><td>159.6</td><td>41.8</td><td></td><td>41.8</td><td>154.6</td><td>5,490.6</td><td>5,481.2</td><td>9.5</td></tr><tr><td>1961 to date p</td><td>13,724.3</td><td>7,115.1</td><td>4,669.0</td><td>1,940.2</td><td>8,233.7</td><td></td><td>8,233.7</td><td>5,490.6</td><td>5,490.6</td><td>5,481.2</td><td>9.5</td></tr></table>
Filed: see table 1. Last announced February 17, 1954; see page 1, footnote 6.
Less than $50,000. p Preliminary.
August 1956
17
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 10.- Investments of Specified Trust Accounts in Public Debt Securities, by Issues, as of June 30, 1956
(In millions of dollars)
<table><tr><th>Issue</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th></tr><tr><td><b>Public issues:</b></td><td></td><td></td><td></td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td></tr><tr><td>2-5/8% - Series D-1956</td><td>34.0</td><td>-</td><td>-</td></tr><tr><td>2-5/8% - Series A-1957</td><td>34.1</td><td>-</td><td>-</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td></tr><tr><td>2-7/8% - Series A-1958</td><td>115.5</td><td>-</td><td>-</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td></tr><tr><td>2-3/8% - 1958</td><td>.5</td><td>-</td><td>-</td></tr><tr><td>2-1/4% - 1959-62 (dated 6/1/45)</td><td>.9</td><td>1.0</td><td>-</td></tr><tr><td>2-1/4% - 1959-62 (dated 11/15/45)</td><td>3.3</td><td>1.0</td><td>4.0</td></tr><tr><td>2-3/4% - 1961</td><td>-</td><td>-</td><td>15.0</td></tr><tr><td>2-1/2% - 1961</td><td>4.5</td><td>1.5</td><td>-</td></tr><tr><td>2-1/2% - 1962-67</td><td>58.7</td><td>-</td><td>51.0</td></tr><tr><td>2-1/2% - 1963</td><td>.5</td><td>1.0</td><td>-</td></tr><tr><td>2-1/2% - 1963-68</td><td>116.5</td><td>-</td><td>56.0</td></tr><tr><td>2-1/2% - 1964-69 (dated 4/15/43)</td><td>20.8</td><td>-</td><td>29.0</td></tr><tr><td>2-1/2% - 1964-69 (dated 9/15/43)</td><td>75.3</td><td>-</td><td>7.0</td></tr><tr><td>2-1/2% - 1965-70</td><td>456.5</td><td>-</td><td>-</td></tr><tr><td>2-1/2% - 1966-71</td><td>308.1</td><td>-</td><td>-</td></tr><tr><td>2-1/2% - 1967-72 (dated 6/1/45)</td><td>10.6</td><td>-</td><td>-</td></tr><tr><td>2-1/2% - 1967-72 (dated 10/20/41)</td><td>130.2</td><td>-</td><td>7.0</td></tr><tr><td>2-1/2% - 1967-72 (dated 11/15/45)</td><td>9.8</td><td>-</td><td>-</td></tr><tr><td>2-3/4% - Investment Series B-1975-80</td><td>1,081.9</td><td>-</td><td>745.0</td></tr><tr><td>3-1/4% - 1978-83</td><td>45.1</td><td>-</td><td>50.0</td></tr><tr><td>3 - 1995</td><td>68.2</td><td>1.6</td><td>-</td></tr><tr><td><b>Total public issues</b></td><td>2,574.8</td><td>6.1</td><td>964.0</td></tr><tr><td><b>Special issues:</b></td><td></td><td></td><td></td></tr><tr><td>Certificates:</td><td></td><td></td><td></td></tr><tr><td>2-1/2% - Series 1957</td><td>19,466.6</td><td>-</td><td>7,736.7</td></tr><tr><td>Notes:</td><td></td><td></td><td></td></tr><tr><td>3% - Series 1957 to 1961</td><td>-</td><td>3,600.4</td><td>-</td></tr><tr><td><b>Total special issues</b></td><td>19,466.6</td><td>3,600.4</td><td>7,736.7</td></tr><tr><td><b>Net unamortized premium and discount</b></td><td>1.6</td><td>-.2</td><td>.8</td></tr><tr><td><b>Total investments</b></td><td>22,043.0</td><td>3,606.3</td><td>8,701.5</td></tr></table>
Source: Bureau of Accounts.
14
Treasury Bulletin
CASH INCOME AND OUTGO
The cash income and out-go date appearing in the Treasury Bulletin have been revised, beginning with the February 1957 issue, to a scale consistent with receipts from and payments to the public as derived in the 1957 Budget of the United States, Special Analysis A. Reconciliation to cash deposits and withdrawals in the account of the Treasurer of the United States is shown on the same basis as in the Budget document. There is also shown the report of net cash borrowing from, or repayment of borrowing to, the public. By these arrangements, data in accordance with the Budget classifications are made available month by month. Figures for back years have been revised where necessary in order to make them as nearly comparable with the 1957 Budget classifications as practicable as will permit. For this reason certain of the figures differ somewhat from those published in earlier Budget documents as well as in the Bulletin.
The Built-in series of cash transactions is designed to provide information on the flow of money between the public and the Federal Government as a whole, and therefore includes transactions not cleared through the Treasurer's account. Receipts and payments include transactions both in budget accounts and in trust and deposit fund accounts. Operations of Government-sponsored enterprises are included inpay out on a net basis as reflected in Treasury reports. Major intragovernmental transactions which are reported as other expenditures and receipts are eliminated from both. Noncash items which represent accrued obligations of the Government to make payments in the future are also eliminated from expenditures but are added later when actual payments are paid. Receipts from the exercise of monetary authority (mostly accruing on silver) are excluded as not
representing cash received from the public. Federal cash borrowing from the public includes net borrowing by the Treasury through public debt transactions and also net borrowing by Government agencies and Government-sponsored enterprises through sales of their own securities. It excludes changes in the public debt which do not represent direct cash borrowing from the public. The net effect of all these transactions with the public is reflected in changes in the balance in the Treasury's account and in cash held outside the Treasury.
Cash transactions through the Treasurer's account are similar in general concept to those included in the Budget series, but are limited in coverage to transactions which affect the balance in that account. On the other hand, they include receipts from the exercise of monetary authority, which are excluded from receipts from the public in the Budget series.
Beginning with figures for the fiscal year 1953, the series of transactions with the public is based on the "Monthly Statement of Receipts and Expenditures of the United States Government," which is compiled from reports by all collecting and disbursing officers and includes those transactions not cleared through the Treasurer's account. Cash deposits and withdrawals in the Treasurer's account, beginning with the figures for the same year, are reported in daily Treasury statements. For those years prior to 1953 both cash transactions series are based on a single source, namely, the earlier basis of daily Treasury statements which reported separate classifications for budget results, trust account transactions, etc.
August 1956
15
CASH INCOME AND OUTGO
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Net cash transactions with the public other than borrowing</th><th>Plus: Net cash borrowing from the public, or repayment (-)</th><th>Plus: Receipts from exercise of monetary authority</th><th colspan="2">Equals: Change in cash balanceee</th></tr><tr><th></th><th>Federal receipts from the public</th><th>Federal payments to the public</th><th>Excess of receipts, or payments (-)</th><th></th><th></th><th>Treasurer's account balance, increase, or decrease (-)</th><th>Cash held outside Treasury, increase, or decrease (-)</th></tr><tr><td>1948</td><td>45,357</td><td>36,493</td><td>2,864</td><td>-7,278</td><td>37</td><td>1,624</td><td>-</td></tr><tr><td>1949</td><td>41,576</td><td>40,570</td><td>1,006</td><td>-2,513</td><td>16</td><td>-1,462</td><td>-</td></tr><tr><td>1950</td><td>40,940</td><td>43,147</td><td>-2,207</td><td>4,229</td><td>25</td><td>2,047</td><td>-</td></tr><tr><td>1951</td><td>53,390</td><td>45,797</td><td>7,593</td><td>-5,796</td><td>43</td><td>1,839</td><td>-</td></tr><tr><td>1952</td><td>68,013</td><td>67,964</td><td>49</td><td>-505</td><td>68</td><td>-388</td><td>-</td></tr><tr><td colspan="8">New reporting basis: 1/</td></tr><tr><td>1953</td><td>71,499</td><td>76,773</td><td>-5,274</td><td>2,919</td><td>56</td><td>-2,299</td><td>-</td></tr><tr><td>1954</td><td>71,627</td><td>71,850</td><td>-232</td><td>2,512</td><td>73</td><td>2,096</td><td>257</td></tr><tr><td>1955</td><td>67,836</td><td>70,538 r</td><td>-2,702 r</td><td>1,809 r</td><td>29</td><td>-551</td><td>-312</td></tr><tr><td>1956 p.</td><td>77,067</td><td>72,593</td><td>4,475</td><td>-4,436</td><td>23</td><td>331</td><td>-269</td></tr><tr><td>1957 (Bat.)</td><td>75,354</td><td>72,920</td><td>2,434</td><td>-2,461</td><td>27</td><td>-</td><td>-</td></tr><tr><td>1955-July</td><td>3,113</td><td>5,562</td><td>-2,449</td><td>3,004</td><td>2</td><td>595</td><td>-38</td></tr><tr><td>August</td><td>6,076</td><td>6,910</td><td>-834</td><td>-130</td><td>1</td><td>-1,058</td><td>95</td></tr><tr><td>September</td><td>6,141</td><td>6,117</td><td>25</td><td>-454</td><td>1</td><td>-378</td><td>-50</td></tr><tr><td>October</td><td>7,044</td><td>5,819</td><td>-2,775</td><td>2,717</td><td>2</td><td>-62</td><td>6</td></tr><tr><td>November</td><td>5,741</td><td>5,500</td><td>-59</td><td>-154</td><td>1</td><td>-125</td><td>-17</td></tr><tr><td>December</td><td>5,232</td><td>6,218</td><td>-936</td><td>340</td><td>1</td><td>-574</td><td>-20</td></tr><tr><td>1956-January</td><td>4,964</td><td>5,570</td><td>-606</td><td>-717</td><td>1</td><td>-1,233</td><td>-29</td></tr><tr><td>February</td><td>7,140</td><td>5,679</td><td>1,462</td><td>25</td><td>2</td><td>1,504</td><td>-16</td></tr><tr><td>March</td><td>11,981</td><td>5,864</td><td>6,116</td><td>-3,832</td><td>3</td><td>2,316</td><td>-28</td></tr><tr><td>April</td><td>4,854</td><td>6,008</td><td>-1,154</td><td>-197</td><td>4</td><td>-1,360</td><td>13</td></tr><tr><td>May</td><td>6,581</td><td>6,004</td><td>577</td><td>-106</td><td>3</td><td>548</td><td>-73</td></tr><tr><td>June p.</td><td>12,150</td><td>7,044</td><td>5,107</td><td>-4,934</td><td>2</td><td>287</td><td>-112</td></tr></table>
Source: Actual figures through 1952 are based on the old daily Treasury statement; actual figures on the new reporting basis are based on the "Monthly Statement of Receipts and Expenditures of the United States Government" and the new daily Treasury statement; estimates are based on
the 1957 Budget document, released January 16, 1956, including effects of proposed legislation. 1/ As announced February 17, 1956; see page 1, footnote 6. p Preliminary. r Revised.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Net cash transactions other than borrowing</th><th>Plus: Net cash borrowing, or repayment of borrowing (-)</th><th>Equals: Treasurer's account balance, increase, or decrease (-)</th></tr><tr><th></th><th>Cash deposits</th><th>Cash withdrawals</th><th>Excess of deposits, or withdrawals (-)</th><th></th><th></th></tr><tr><td>1946</td><td>45,394</td><td>36,440</td><td>8,954</td><td>-7,330</td><td>1,624</td></tr><tr><td>1949</td><td>41,622</td><td>40,462</td><td>1,161</td><td>-2,622</td><td>-1,462</td></tr><tr><td>1950</td><td>40,965</td><td>43,079</td><td>-2,114</td><td>4,161</td><td>2,047</td></tr><tr><td>1951</td><td>53,433</td><td>45,713</td><td>7,715</td><td>-5,875</td><td>1,839</td></tr><tr><td>1952</td><td>68,081</td><td>67,794</td><td>287</td><td>-674</td><td>-388</td></tr><tr><td colspan="6">New reporting basis: 1/</td></tr><tr><td>1953</td><td>71,345</td><td>76,407</td><td>-5,062</td><td>2,763</td><td>-2,299</td></tr><tr><td>1954</td><td>71,815</td><td>71,974</td><td>-159</td><td>2,255</td><td>2,096</td></tr><tr><td>1955</td><td>67,758</td><td>69,888</td><td>-2,130</td><td>1,579</td><td>-552</td></tr><tr><td>1956</td><td>77,079</td><td>71,984</td><td>5,096</td><td>-4,765</td><td>331</td></tr><tr><td>1957 (Est.)</td><td>75,380</td><td>72,920</td><td>2,461</td><td>-2,461</td><td>-</td></tr><tr><td>1955-July</td><td>2,994</td><td>5,352</td><td>-2,358</td><td>2,953</td><td>595</td></tr><tr><td>August</td><td>6,333</td><td>7,256</td><td>-923</td><td>-135</td><td>-1,058</td></tr><tr><td>September</td><td>5,988</td><td>5,904</td><td>84</td><td>-462</td><td>-378</td></tr><tr><td>October</td><td>2,869</td><td>5,659</td><td>-2,789</td><td>2,728</td><td>-62</td></tr><tr><td>November</td><td>5,934</td><td>5,951</td><td>-17</td><td>-178</td><td>-195</td></tr><tr><td>December</td><td>5,353</td><td>6,264</td><td>-911</td><td>337</td><td>-574</td></tr><tr><td>1956-January</td><td>4,729</td><td>5,323</td><td>-594</td><td>-699</td><td>-1,293</td></tr><tr><td>February</td><td>7,089</td><td>5,600</td><td>1,489</td><td>15</td><td>1,504</td></tr><tr><td>March</td><td>12,351</td><td>6,119</td><td>6,203</td><td>-3,887</td><td>2,316</td></tr><tr><td>April</td><td>4,368</td><td>5,428</td><td>-1,061</td><td>-293</td><td>-1,360</td></tr><tr><td>May</td><td>6,879</td><td>6,200</td><td>680</td><td>-132</td><td>548</td></tr><tr><td>June</td><td>12,192</td><td>6,892</td><td>5,293</td><td>-5,006</td><td>287</td></tr><tr><td>July</td><td>3,701</td><td>5,603</td><td>-1,902</td><td>-467</td><td>-2,369</td></tr></table>
Source: Actual figures are based on the daily Treasury statement; estimates are based on the 1957 Budget document, released January 16, 1956, including effects of proposed legislation. Figures in the first four columns of this table may differ somewhat from those originally published
in the daily Treasury statement because of subsequent reclassification of certain transactions. 1/ As announced February 17, 1954; see page 1, footnote 6.
16
Treasury Bulletin
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th>Piecal year or month</th><th colspan="3">Receipts</th><th colspan="3">Less: Deductions from receipts</th><th>Equals: Federal receipts from the public</th><th colspan="2">Reconciliation to cash transactions in Treasurer's account</th><th>Equals: Cash deposits in the Treasurer's account</th></tr><tr><th></th><th>Budget (net) 1/</th><th>Trust account 2/</th><th>Total</th><th>Intragovernmental transactions (See Table 5)</th><th>Excess profits tax refund bond redemptions 3/</th><th>Receipts from exercise of monetary authority 4/</th><th>Total deductions</th><th>Pluss: Receipts from exercise of monetary authority 4/</th><th>Adjustment for net difference due to reporting method (See Table 4)</th><th></th></tr><tr><td>1948.</td><td>41,488</td><td>6,515</td><td>48,003</td><td>2,592</td><td>10</td><td>37</td><td>2,646 5/</td><td>45,357</td><td>37</td><td>-</td><td>45,394</td></tr><tr><td>1949.</td><td>37,696</td><td>5,714</td><td>43,410</td><td>1,784</td><td>1</td><td>46</td><td>1,831</td><td>41,576</td><td>46</td><td>-</td><td>41,622</td></tr><tr><td>1950.</td><td>35,495</td><td>6,669</td><td>43,164</td><td>2,197</td><td>1</td><td>25</td><td>2,224</td><td>40,940</td><td>25</td><td>-</td><td>40,965</td></tr><tr><td>1951.</td><td>47,568</td><td>7,796</td><td>55,364</td><td>1,930</td><td>1</td><td>43</td><td>1,974</td><td>53,390</td><td>43</td><td>-</td><td>53,433</td></tr><tr><td>1952.</td><td>61,391</td><td>8,807</td><td>70,198</td><td>2,116</td><td>1</td><td>68</td><td>2,185</td><td>68,013</td><td>68</td><td>-</td><td>68,081</td></tr><tr><td>Rev reporting basis: 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>1953.</td><td>64,825</td><td>8,929</td><td>73,754</td><td>2,199</td><td>*</td><td>56</td><td>2,255</td><td>71,499</td><td>56</td><td>-210</td><td>71,345</td></tr><tr><td>1954.</td><td>64,655</td><td>9,155</td><td>73,811</td><td>2,110</td><td>*</td><td>73</td><td>2,183</td><td>71,627</td><td>73</td><td>114</td><td>71,815</td></tr><tr><td>1955.</td><td>60,390</td><td>9,536</td><td>69,926</td><td>2,061</td><td>*</td><td>29</td><td>2,090</td><td>67,836</td><td>29</td><td>-107 r</td><td>67,758 r</td></tr><tr><td>1956.</td><td>68,141</td><td>11,685</td><td>79,825</td><td>2,735</td><td>*</td><td>23</td><td>2,758</td><td>77,067</td><td>23</td><td>-11</td><td>77,079</td></tr><tr><td>1957 (Est.).</td><td>66,300</td><td>11,890</td><td>78,190</td><td>2,810</td><td>*</td><td>27</td><td>2,837</td><td>75,354</td><td>27</td><td>-</td><td>75,380</td></tr><tr><td>1955-July.</td><td>2,765</td><td>745</td><td>3,510</td><td>394</td><td>*</td><td>2</td><td>396</td><td>3,113</td><td>2</td><td>-121</td><td>2,994</td></tr><tr><td>August.</td><td>4,734</td><td>1,502</td><td>6,235</td><td>158</td><td>*</td><td>1</td><td>159</td><td>6,076</td><td>1</td><td>256</td><td>6,333</td></tr><tr><td>September.</td><td>5,498</td><td>721</td><td>6,220</td><td>77</td><td>*</td><td>1</td><td>78</td><td>6,111</td><td>1</td><td>-154</td><td>5,988</td></tr><tr><td>October.</td><td>2,692</td><td>505</td><td>3,197</td><td>151</td><td>*</td><td>2</td><td>153</td><td>3,044</td><td>2</td><td>-176</td><td>2,869</td></tr><tr><td>November.</td><td>4,662</td><td>1,142</td><td>5,804</td><td>447</td><td>*</td><td>1</td><td>448</td><td>5,356</td><td>1</td><td>192</td><td>5,534</td></tr><tr><td>December.</td><td>4,889</td><td>841</td><td>5,730</td><td>447</td><td>*</td><td>1</td><td>448</td><td>5,282</td><td>1</td><td>69</td><td>5,353</td></tr><tr><td>1956-January.</td><td>4,684</td><td>371</td><td>5,055</td><td>90</td><td>*</td><td>1</td><td>92</td><td>4,964</td><td>1</td><td>-236</td><td>4,729</td></tr><tr><td>February.</td><td>6,195</td><td>1,209</td><td>7,404</td><td>62</td><td>*</td><td>2</td><td>64</td><td>7,140</td><td>2</td><td>-53</td><td>7,089</td></tr><tr><td>March.</td><td>11,313</td><td>757</td><td>12,070</td><td>86</td><td>*</td><td>3</td><td>89</td><td>11,981</td><td>3</td><td>368</td><td>12,351</td></tr><tr><td>April.</td><td>4,082</td><td>871</td><td>4,953</td><td>96</td><td>*</td><td>4</td><td>100</td><td>4,854</td><td>4</td><td>-490</td><td>4,368</td></tr><tr><td>May.</td><td>5,050</td><td>1,605</td><td>6,654</td><td>70</td><td>*</td><td>3</td><td>73</td><td>6,581</td><td>3</td><td>295</td><td>6,879</td></tr><tr><td>June P.</td><td>11,576</td><td>1,616</td><td>13,192</td><td>1,040</td><td>*</td><td>2</td><td>1,042</td><td>12,150</td><td>2</td><td>10</td><td>12,192</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th>Fiscal year or month:</th><th colspan="3">Expenditures</th><th colspan="2">Less: Deductions from expenditures</th><th>Equals: Federal payments to the public</th><th colspan="2">Reconciliation to cash transactions in the Treasurer's account</th><th>Equals: Cash With-drawals from the Treasurer's account</th></tr><tr><th></th><th>Budget 1/</th><th>Trust and deposit fund account 2/</th><th>Government-sponsored enterprise (net) 3/</th><th>Total</th><th>Intra-government transactions (See Table 5)</th><th>Accrued interest and other noncash expenditures (See Table 6)</th><th>Less: Payments to the public not reflected in the Treasurer's account</th><th>Adjustment for net difference due to reporting method (See Table 3)</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>From cash hold outside the Treasury 4/</th><th>From proceeds of sales in the market of agency obligations and public debt securities (See Table 7) 5/</th><th></th></tr><tr><td>1946</td><td>33,069</td><td>3,734</td><td>222</td><td>37,025</td><td>2,592</td><td>-2,060</td><td>36,493</td><td>-</td><td>52</td><td>-</td><td>36,440</td></tr><tr><td>1949</td><td>33,507</td><td>3,852</td><td>-311</td><td>43,048</td><td>1,784</td><td>664</td><td>40,570</td><td>-</td><td>108</td><td>-</td><td>40,462</td></tr><tr><td>1950</td><td>39,617</td><td>6,961</td><td>-83</td><td>46,497</td><td>2,197</td><td>1,153</td><td>43,147</td><td>-</td><td>68</td><td>-</td><td>43,079</td></tr><tr><td>1951</td><td>44,058</td><td>3,554</td><td>291</td><td>48,002</td><td>1,930</td><td>275</td><td>45,797</td><td>-</td><td>79</td><td>-</td><td>45,718</td></tr><tr><td>1952</td><td>65,408</td><td>5,317</td><td>-366</td><td>70,359</td><td>2,116</td><td>279</td><td>67,964</td><td>-</td><td>170</td><td>-</td><td>67,794</td></tr><tr><td>New reporting basic: 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>1953</td><td>74,274</td><td>5,288</td><td>-119</td><td>79,443</td><td>2,199</td><td>472</td><td>76,773</td><td>-</td><td>155</td><td>-210</td><td>76,407</td></tr><tr><td>1954</td><td>67,772</td><td>7,204 1/</td><td>-435 1/</td><td>74,542</td><td>2,110</td><td>572</td><td>71,860</td><td>-257</td><td>256</td><td>114</td><td>71,974</td></tr><tr><td>1955</td><td>64,570</td><td>8,546</td><td>98 r</td><td>73,214</td><td>2,061</td><td>615</td><td>70,538r</td><td>312</td><td>230r</td><td>-107r</td><td>69,888r</td></tr><tr><td>1956 p</td><td>66,306</td><td>9,389</td><td>324</td><td>76,100</td><td>2,735</td><td>772</td><td>72,593</td><td>269</td><td>329</td><td>-11</td><td>71,984</td></tr><tr><td>1957 (Est.)</td><td>65,865</td><td>10,200</td><td>45</td><td>76,110</td><td>2,810</td><td>381</td><td>72,920</td><td>-</td><td>-</td><td>-</td><td>72,920</td></tr><tr><td>1955-July</td><td>5,382</td><td>752</td><td>136</td><td>6,269</td><td>394</td><td>313</td><td>5,562</td><td>38</td><td>50</td><td>-121</td><td>5,352</td></tr><tr><td>August</td><td>6,225</td><td>727</td><td>168</td><td>7,120</td><td>158</td><td>52</td><td>6,910</td><td>-95</td><td>5</td><td>256</td><td>7,256</td></tr><tr><td>September</td><td>5,340</td><td>688</td><td>115</td><td>6,144</td><td>77</td><td>-50</td><td>6,117</td><td>50</td><td>9</td><td>-154</td><td>5,904</td></tr><tr><td>October</td><td>5,355</td><td>900</td><td>208</td><td>6,463</td><td>151</td><td>193</td><td>5,819</td><td>-6</td><td>-11</td><td>-176</td><td>5,659</td></tr><tr><td>November</td><td>5,172</td><td>668</td><td>8</td><td>5,848</td><td>62</td><td>-14</td><td>5,800</td><td>17</td><td>24</td><td>192</td><td>5,951</td></tr><tr><td>December</td><td>5,651</td><td>663</td><td>17</td><td>6,331</td><td>447</td><td>-335</td><td>6,218</td><td>20</td><td>4</td><td>69</td><td>6,264</td></tr><tr><td>1956-January</td><td>5,274</td><td>904</td><td>-285</td><td>5,893</td><td>90</td><td>233</td><td>5,570</td><td>29</td><td>-18</td><td>-236</td><td>5,323</td></tr><tr><td>February</td><td>4,950</td><td>870</td><td>-20</td><td>5,800</td><td>62</td><td>60</td><td>5,679</td><td>16</td><td>10</td><td>-53</td><td>5,600</td></tr><tr><td>March</td><td>5,399</td><td>761</td><td>-53</td><td>6,107</td><td>86</td><td>156</td><td>5,864</td><td>28</td><td>55</td><td>368</td><td>6,149</td></tr><tr><td>April</td><td>5,387</td><td>1,006</td><td>-25</td><td>6,368</td><td>96</td><td>265</td><td>6,008</td><td>-13</td><td>103</td><td>-490</td><td>5,428</td></tr><tr><td>May</td><td>5,467</td><td>669</td><td>-1</td><td>6,134</td><td>70</td><td>61</td><td>6,004</td><td>73</td><td>26</td><td>295</td><td>6,200</td></tr><tr><td>June p</td><td>6,783</td><td>783</td><td>55</td><td>7,622</td><td>1,040</td><td>-463</td><td>7,044</td><td>112</td><td>73</td><td>40</td><td>6,898</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
August 1956
17
CASH INCOME AND OUTGO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="2">Budget receipts which are also budget expenditures</th><th>Budget receipts which are also trust fund expenditures 2/</th><th>Budget receipts which are also Government-sponsored enterprise expenditures 3/</th><th colspan="3">Trust fund receipts which are also budget expenditures</th><th>Trust fund receipts which are also trust fund expenditures 6/</th><th>Total</th></tr><tr><th></th><th>Interest paid to Treasury by public enterprise funds</th><th>Other 1/</th><th></th><th></th><th>Interest on investment in public debt securities</th><th>Interest on un-invested trust funds</th><th>Payroll deductions for employees' retirement 4/</th><th>Other 5/</th><th></th></tr><tr><td>1948</td><td>113</td><td>*</td><td>765</td><td>270</td><td>746</td><td>4</td><td>236</td><td>455</td><td>2,592</td></tr><tr><td>1949</td><td>32</td><td>*</td><td>170</td><td>40</td><td>811</td><td>6</td><td>327</td><td>366</td><td>1,784</td></tr><tr><td>1950</td><td>73</td><td>*</td><td>18</td><td>29</td><td>880</td><td>4</td><td>358</td><td>834</td><td>2,197</td></tr><tr><td>1951</td><td>87</td><td>*</td><td>20</td><td>147</td><td>892</td><td>6</td><td>378</td><td>398</td><td>1,930</td></tr><tr><td>1952</td><td>102</td><td>*</td><td>25</td><td>10</td><td>987</td><td>5</td><td>411</td><td>573</td><td>2,116</td></tr><tr><td>New reporting basis: 7/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953</td><td>144</td><td>6</td><td>59</td><td>-</td><td>1,094</td><td>5</td><td>420</td><td>463</td><td>2,199</td></tr><tr><td>1954</td><td>228</td><td>6</td><td>68</td><td>-</td><td>1,188</td><td>5</td><td>430</td><td>167</td><td>2,110</td></tr><tr><td>1955</td><td>173</td><td>7</td><td>81</td><td>1</td><td>1,173</td><td>5</td><td>439</td><td>166</td><td>2,001</td></tr><tr><td>1956 p</td><td>297</td><td>16</td><td>100</td><td>2</td><td>1,207</td><td>6</td><td>574</td><td>519</td><td>2,735</td></tr><tr><td>1957 (Est.)</td><td>376</td><td>10</td><td>104</td><td>2</td><td>1,289</td><td>6</td><td>554</td><td>459</td><td>2,810</td></tr><tr><td>1955-July</td><td>*</td><td>-</td><td>2</td><td>-</td><td>*</td><td>*</td><td>40</td><td>341</td><td>394</td></tr><tr><td>August</td><td>26</td><td>9</td><td>4</td><td>2</td><td>2</td><td>1</td><td>54</td><td>60</td><td>150</td></tr><tr><td>September</td><td>11</td><td>-</td><td>3</td><td>-</td><td>17</td><td>*</td><td>43</td><td>3</td><td>77</td></tr><tr><td>October</td><td>1</td><td>-</td><td>69</td><td>-</td><td>29</td><td>1</td><td>48</td><td>3</td><td>151</td></tr><tr><td>November</td><td>*</td><td>2</td><td>3</td><td>-</td><td>6</td><td>*</td><td>49</td><td>3</td><td>62</td></tr><tr><td>December</td><td>102</td><td>-</td><td>3</td><td>-</td><td>291</td><td>*</td><td>48</td><td>3</td><td>447</td></tr><tr><td>1956-January</td><td>26</td><td>2</td><td>2</td><td>-</td><td>3</td><td>*</td><td>53</td><td>3</td><td>90</td></tr><tr><td>February</td><td>15</td><td>-</td><td>3</td><td>-</td><td>6</td><td>1</td><td>32</td><td>5</td><td>62</td></tr><tr><td>March</td><td>*</td><td>-</td><td>3</td><td>1</td><td>17</td><td>1</td><td>60</td><td>4</td><td>86</td></tr><tr><td>April</td><td>4</td><td>2</td><td>2</td><td>*</td><td>33</td><td>*</td><td>49</td><td>5</td><td>96</td></tr><tr><td>May</td><td>1</td><td>-</td><td>2</td><td>-</td><td>8</td><td>1</td><td>54</td><td>4</td><td>70</td></tr><tr><td>June p</td><td>110</td><td>-</td><td>3</td><td>-</td><td>795</td><td>*</td><td>45</td><td>85</td><td>1,040</td></tr></table>
Source: See Table 1.
Footnotee follow Table 7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net accrued interest on savings bonds and Treasury bills 1/</th><th>Cclearing account for public debt interest 2/</th><th colspan="4">Noncash expenditures involving issuance of public debt securities 3/</th><th>Net investment in public debt securities included in expenditures 1/</th><th>Cclearing account for checks outstanding, etc. 8/</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>Adjusted service bonds 4/</th><th>Armed forces leave bonds 5/</th><th colspan="2">Special notes of U. S. 6/</th><th></th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>International Bank series</th><th>International Monetary Fund series</th><th></th><th></th><th></th></tr><tr><td>1948</td><td>556</td><td>-</td><td>-4</td><td>-1,221</td><td>-350</td><td>-563</td><td>30</td><td>-507</td><td>-2,060</td></tr><tr><td>1949</td><td>581</td><td>-</td><td>-2</td><td>-164</td><td>-25</td><td>-98</td><td>6</td><td>366</td><td>664</td></tr><tr><td>1950</td><td>574</td><td>-</td><td>-2</td><td>-95</td><td>-41</td><td>207</td><td>28</td><td>463</td><td>1,153</td></tr><tr><td>1951</td><td>638</td><td>-</td><td>-1</td><td>-160</td><td>-</td><td>13</td><td>-</td><td>-214</td><td>275</td></tr><tr><td>1952</td><td>758</td><td>-</td><td>-1</td><td>-68</td><td>-</td><td>-9</td><td>-</td><td>-401</td><td>279</td></tr><tr><td>New reporting basis: 9/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953</td><td>718</td><td>-</td><td>-1</td><td>-24</td><td>-</td><td>28</td><td>-</td><td>-250</td><td>472</td></tr><tr><td>1954</td><td>524</td><td>68</td><td>-1</td><td>-14</td><td>-</td><td>109</td><td>-</td><td>-115</td><td>572</td></tr><tr><td>1955</td><td>497</td><td>26</td><td>-1</td><td>-8</td><td>-</td><td>156</td><td>-</td><td>-55</td><td>615</td></tr><tr><td>1956 p</td><td>456</td><td>-15</td><td>*</td><td>-7</td><td>-</td><td>175</td><td>-</td><td>164</td><td>772</td></tr><tr><td>1957 (Est.)</td><td>315</td><td>-</td><td>*</td><td>-8</td><td>-</td><td>50</td><td>-</td><td>24</td><td>381</td></tr><tr><td>1955-July</td><td>69</td><td>341</td><td>*</td><td>-1</td><td>-</td><td>46</td><td>-</td><td>-142</td><td>313</td></tr><tr><td>August</td><td>31</td><td>38</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-17</td><td>52</td></tr><tr><td>September</td><td>41</td><td>-28</td><td>*</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-62</td><td>-50</td></tr><tr><td>October</td><td>26</td><td>158</td><td>*</td><td>*</td><td>-</td><td>-11</td><td>-</td><td>321</td><td>493</td></tr><tr><td>November</td><td>40</td><td>160</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-213</td><td>-14</td></tr><tr><td>December</td><td>87</td><td>-498</td><td>*</td><td>*</td><td>-</td><td>43</td><td>-</td><td>34</td><td>-335</td></tr><tr><td>1956-January</td><td>54</td><td>359</td><td>*</td><td>-1</td><td>-</td><td>30</td><td>-</td><td>-209</td><td>233</td></tr><tr><td>February</td><td>-7</td><td>5</td><td>*</td><td>-1</td><td>-</td><td>11</td><td>-</td><td>52</td><td>60</td></tr><tr><td>March</td><td>1</td><td>38</td><td>*</td><td>*</td><td>-</td><td>-14</td><td>-</td><td>132</td><td>156</td></tr><tr><td>April</td><td>22</td><td>193</td><td>*</td><td>-1</td><td>-</td><td>-6</td><td>-</td><td>56</td><td>265</td></tr><tr><td>May</td><td>34</td><td>172</td><td>*</td><td>-1</td><td>-</td><td>76</td><td>-</td><td>-221</td><td>61</td></tr><tr><td>June p</td><td>58</td><td>-953</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>433</td><td>-463</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
18
Treasury Bulletin
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public, and Reconciliation to Net Cash Debt Transactions through the Account of the Treasurer of the United States
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
Change in public debt and agency obligations held by the public
<table><tr><th>Fiscal year or month</th><th>Public debt increase, or decrease (-)</th><th colspan="2">Plus: Net sale of obligations of Government enterprises in the market</th><th colspan="2">Less: Net investment in Federal securities by Government agencies</th><th>Equals: Increase in securities held by the public, or decrease (-)</th></tr><tr><th></th><th></th><th>Public and trust enterprise funds</th><th>Government-sponsored enterprises</th><th>Trust funds</th><th>Public enterprise funds</th><th>Government-sponsored enterprises</th></tr><tr><td>1948</td><td>-5,994</td><td>-16</td><td>123</td><td>3,060</td><td>30</td><td>-99</td><td>-8,878</td></tr><tr><td>1949</td><td>478</td><td>-46</td><td>-28</td><td>2,311</td><td>6</td><td>313</td><td>-2,226</td></tr><tr><td>1950</td><td>4,587</td><td>-8</td><td>-14</td><td>-402</td><td>28</td><td>69</td><td>4,870</td></tr><tr><td>1951</td><td>-2,135</td><td>10</td><td>374</td><td>3,369</td><td>104</td><td>84</td><td>-5,308</td></tr><tr><td>1952</td><td>3,883</td><td>114</td><td>-186</td><td>3,355</td><td>101</td><td>179</td><td>175</td></tr><tr><td>New reporting basic: 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953</td><td>6,966</td><td>-59</td><td>33</td><td>3,068</td><td>79</td><td>153</td><td>3,640</td></tr><tr><td>1954</td><td>9,189</td><td>-14</td><td>11</td><td>1,686 2/</td><td>-77</td><td>446 2/</td><td>3,130</td></tr><tr><td>1955</td><td>3,115</td><td>602</td><td>259 r</td><td>1,236</td><td>126</td><td>171</td><td>2,454 r</td></tr><tr><td>1956 p</td><td>-1,623</td><td>173</td><td>872</td><td>2,586</td><td>101</td><td>548</td><td>-3,813</td></tr><tr><td>1957 (Est.)</td><td>-500</td><td>242</td><td>250</td><td>1,777</td><td>113</td><td>205</td><td>-2,103</td></tr><tr><td>1955-July</td><td>3,210</td><td>27</td><td>•</td><td>259</td><td>-4</td><td>-136</td><td>3,118</td></tr><tr><td>August</td><td>725</td><td>1</td><td>112</td><td>976</td><td>18</td><td>-49</td><td>-99</td></tr><tr><td>September</td><td>-833</td><td>-16</td><td>75</td><td>-334</td><td>15</td><td>-40</td><td>-414</td></tr><tr><td>October</td><td>2,341</td><td>-55</td><td>335</td><td>-251</td><td>15</td><td>127</td><td>2,731</td></tr><tr><td>November</td><td>319</td><td>-54</td><td>235</td><td>377</td><td>1</td><td>227</td><td>-114</td></tr><tr><td>December</td><td>632</td><td>-33</td><td>•</td><td>146</td><td>1</td><td>-17</td><td>470</td></tr><tr><td>1956-January</td><td>-720</td><td>-2</td><td>•</td><td>-379</td><td>7</td><td>285</td><td>-634</td></tr><tr><td>February</td><td>60</td><td>128</td><td>50</td><td>128</td><td>12</td><td>70</td><td>28</td></tr><tr><td>March</td><td>-3,764</td><td>40</td><td>10</td><td>66</td><td>2</td><td>63</td><td>-3,846</td></tr><tr><td>April</td><td>-556</td><td>47</td><td>-36</td><td>-355</td><td>2</td><td>-11</td><td>-181</td></tr><tr><td>May</td><td>341</td><td>48</td><td>47</td><td>975</td><td>8</td><td>49</td><td>4</td></tr><tr><td>June p</td><td>-3,978</td><td>51</td><td>36</td><td>980</td><td>24</td><td>-17</td><td>-4,876</td></tr></table>
Loss: Deductions for noncash and other transactions
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Net accrued interest on savings bonds and Treasury bills 3/</th><th colspan="5">Issuance of public debt securities representing expenditures, or refunds of receipts 4/</th><th rowspan="2">Total deductions</th><th rowspan="2">Equals: Net cash borrowing from the public, or repayment (-)</th><th rowspan="2">Transactions not reflected in the Treasurer's account 1/</th><th rowspan="2">Equals: Net cash borrowing through the Treasurer's account, or repayment (-)</th></tr><tr><th>Adjusted service bonds 5/</th><th>Armed forces leave bonds 5/</th><th colspan="2">Special notes of U. S. 5/</th><th>Excess profits tax refund bonds 5/</th></tr><tr><th></th><th></th><th></th><th></th><th>International Bank series</th><th>International Monetary Fund series</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1948.</td><td>556</td><td>-1</td><td>-1,229</td><td>-350</td><td>-543</td><td>-10</td><td>-1,600</td><td>-7,278</td><td>52</td><td>-7,330</td></tr><tr><td>1949.</td><td>581</td><td>-2</td><td>-164</td><td>-25</td><td>-53</td><td>-1</td><td>287</td><td>-2,513</td><td>108</td><td>-2,622</td></tr><tr><td>1950.</td><td>574</td><td>-2</td><td>-35</td><td>-41</td><td>207</td><td>-1</td><td>642</td><td>1,229</td><td>68</td><td>1,151</td></tr><tr><td>1951.</td><td>638</td><td>-1</td><td>-150</td><td>-</td><td>13</td><td>-1</td><td>439</td><td>-5,795</td><td>79</td><td>-5,875</td></tr><tr><td>1952.</td><td>758</td><td>-1</td><td>-68</td><td>-</td><td>-2</td><td>-1</td><td>630</td><td>-505</td><td>170</td><td>-674</td></tr><tr><td>New reporting basis: 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1953.</td><td>713</td><td>-1</td><td>-24</td><td>-</td><td>28</td><td>*</td><td>722</td><td>2,919</td><td>155</td><td>2,763</td></tr><tr><td>1954.</td><td>524</td><td>-1</td><td>-14</td><td>-</td><td>109</td><td>*</td><td>618</td><td>2,512</td><td>255</td><td>2,355</td></tr><tr><td>1955.</td><td>497</td><td>-1</td><td>-8</td><td>-</td><td>156</td><td>*</td><td>644</td><td>1,809</td><td>230</td><td>1,579</td></tr><tr><td>1956 p.</td><td>456</td><td>*</td><td>-7</td><td>-</td><td>175</td><td>*</td><td>623</td><td>-1,436</td><td>329</td><td>-1,765</td></tr><tr><td>1957 (Est.)</td><td>315</td><td>*</td><td>-8</td><td>-</td><td>50</td><td>*</td><td>357</td><td>-2,461</td><td>-</td><td>-2,461</td></tr><tr><td>1955-July</td><td>69</td><td>*</td><td>-1</td><td>-</td><td>46</td><td>*</td><td>114</td><td>1,004</td><td>50</td><td>2,953</td></tr><tr><td>August.</td><td>31</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>31</td><td>-130</td><td>5</td><td>-135</td></tr><tr><td>September.</td><td>41</td><td>*</td><td>-1</td><td>-</td><td>-</td><td>*</td><td>40</td><td>-154</td><td>9</td><td>-162</td></tr><tr><td>October.</td><td>26</td><td>*</td><td>*</td><td>-</td><td>-11</td><td>*</td><td>14</td><td>2,717</td><td>-11</td><td>2,728</td></tr><tr><td>November.</td><td>40</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>40</td><td>-154</td><td>24</td><td>-178</td></tr><tr><td>December.</td><td>87</td><td>*</td><td>*</td><td>-</td><td>43</td><td>*</td><td>130</td><td>340</td><td>4</td><td>337</td></tr><tr><td>1956-January</td><td>14</td><td>*</td><td>-1</td><td>-</td><td>30</td><td>*</td><td>83</td><td>-717</td><td>-18</td><td>-699</td></tr><tr><td>February</td><td>-7</td><td>*</td><td>-1</td><td>-</td><td>11</td><td>*</td><td>3</td><td>25</td><td>10</td><td>15</td></tr><tr><td>March.</td><td>1</td><td>*</td><td>*</td><td>-</td><td>-14</td><td>*</td><td>-14</td><td>-3,832</td><td>55</td><td>-3,887</td></tr><tr><td>April.</td><td>22</td><td>*</td><td>-1</td><td>-</td><td>-6</td><td>*</td><td>15</td><td>-197</td><td>103</td><td>-299</td></tr><tr><td>May.</td><td>34</td><td>*</td><td>-1</td><td>-</td><td>76</td><td>*</td><td>110</td><td>-206</td><td>26</td><td>-132</td></tr><tr><td>June p.</td><td>58</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>57</td><td>-4,934</td><td>73</td><td>-5,006</td></tr></table>
Source: See Table 1
Footnotes on following page.
August 1956
19
CASH INCOME AND OUTGO
Footnotes to Table 3
1/ For further detail, see "Budget Receipts and Expenditures," Table 1.
2/ For further detail, see "Trust Account and Other Transactions," Table 2.
3/ Treated as noncash refund deductions from receipts when issued and as cash refund deductions when redeemed.
4/ Consists of seigniorage on silver and increment resulting from reduction in the weight of the gold dollar; excluded from receipts from the public
but included in cash deposits in the Treasurer's account.
5/ Total includes $8 million of armed forces leave bonds redeemed for insurance premiums; after August 31, 1947, these bonds were redeemable for cash (see Tables 6 and 7).
6/ As announced February 17, 1954; see page 1, footnote 6.
* Less than $500,000. p Preliminary. r Revised.
Footnotes to Table 4
1/ For further detail, see "Budget Receipts and Expenditures," Table 2.
2/ For further detail, see "Trust Account and Other Transactions," Tables 3, 4, and 5. Includes net change in balances in Government-sponsored enterprise deposit fund accounts with the Treasurer of the United States.
3/ Net operating expenditures, or receipts (-), as measured by funds provided by or applied to net security transactions reflected in Treasury reports (see Table 7). To a large extent, these Government-sponsored enterprises secure funds for their operations by direct borrowing from the public or by cashing Federal securities which they hold, and they apply the net income received from operations to repayment of borrowing from the public or to investment in Federal securities. On that basis, not ex-
penditures for operations are shown in this table in terms of the combined net of disinvestment in Federal securities and sale of agency obligations in the market, and net receipts from operations are shown in terms of the combined net of investment in Federal securities and redemption of agency obligations in the market.
1/ Not reported prior to 1954.
2/ Consists of only those market transactions not cleared through the Treasurer's account.
6/ As announced February 17, 1954; see page 1, footnote 6.
7/ See Table 7, footnote 2.
p Preliminary. r Revised.
Footnotes to Table 5
1/ Federal intermediate credit bank franchise tax and, beginning 1953, also reimbursement by Panama Canal Company for expenses and services.
2/ Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fund for administrative expenses and, beginning fiscal year 1953, also for refunds of taxes (treated as an offset to refunds rather than being credited to receipts); reimbursement by the District of Columbia; and through 1949, proceeds of ship sales which had been carried in trust accounts pending allocation to budget receipts from sale of surplus property.
3/ Consists of payment of earnings and repayment of capital stock to the Treasury through 1952, and beginning 1955, payment of franchise tax by banks for cooperatives.
4/ Includes relatively small amounts of deductions from salaries paid by trust funds and Government-sponsored enterprises.
5/ Consists of United States and Government corporation shares of contributions to employees' retirement funds, and payments to the Railroad Retirement Account (for creditable military service), the Unemployment Trust Fund, veterans' life insurance funds, trust fund for technical services and other assistance under the agricultural conservation program, and District of Columbia.
6/ Includes District of Columbia share of contributions to the Civil Service retirement fund, payments by Railroad Retirement Board to Federal Old-Age and Survivors Insurance Trust Fund, transfer from Civil Service retirement fund to Foreign Service retirement fund, and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment Trust Fund.
7/ As announced February 17, 1954; see page 1, footnote 6.
* Less than $500,000. p Preliminary.
Footnotes to Table 6
1/ Accrued discount on savings bonds and bills less interest paid on savings bonds and bills redeemed.
2/ Public debt interest accrued and unpaid beginning June 30, 1955, effective date of the change in accounting and reporting from a due and payable basis to an accrual basis; for 1954, consists only of public debt interest checks and coupons outstanding; net increase or decrease (-). Not reported as a separate clearing account prior to 1954; interest reported when paid by Treasurer prior to November 1949.
3/ Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemptions; net issuance, or redemption (-).
4/ Issued in 1936 in exchange for adjusted service certificates held by veterans of World War I. The bonds matured in 1945.
5/ Issued in 1947 in payment for accumulated leave. Figure for 1948 excludes $8 million redeemed for insurance premiums prior to August 31, 1947, which was included in trust account receipts (see Table 3,
footnote 5); after that date they were redeemable for cash. The last of these bonds matured in 1951. 6/ Part of the United States subscription to the capital of the International Bank for Reconstruction and Development and to the International Monetary Fund was paid in the form of noninterest-bearing, nonnegotiable notes payable on demand (see 1947 Annual Report of the Secretary of the Treasury, pages 48, 350, and 385). The last of the notes issued to the Bank was redeemed in 1950. 1/ By wholly owned Government enterprises; beginning 1951, such net investments are reported separately and are not included in expenditures (see "Trust Account and Other Transactions," Table 4). 3/ Checks outstanding less deposits in transit, and telegraphic reports from Federal Reserve Banks; increase, or decrease (-). For public debt interest included prior to 1951; see footnote 2. 9/ As announced February 17, 1954; see page 1, footnote 6. * Less than $500,000. p Proliminary.
Footnotes to Table 7
1/ As announced February 17, 1954; see page 1, footnote 6.
2/ In this table, beginning 1954, in accordance with treatment in Budget documents, net investment in United States securities by Government-sponsored enterprises includes a small amount by other enterprises regarded as representing net transactions with the public. In Table 4 under "Trust Account and Other Transactions," those amounts are included in trust and deposit fund account investment.
3/ Accrued discount on savings bonds and bills, which is included in the principal of the public debt, less interest paid on savings bonds and bills redeemed.
1/ Treated as noncash transactions at the time of issuance and as cash transactions at the time of redemption; net issuance, or redemption (-).
2/ Excluded from borrowing because the transactions are treated as expenditures in Table 6.
3/ Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3.
4/ Market transactions in public debt securities and agency obligations.
* Less than $500,000. p Preliminary. r Revised.
20
Treasury Bulletin
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="3">Total outstanding</th><th colspan="3">Interest-bearing debt</th><th colspan="5">Matured debt and debt bearing no interest</th></tr><tr><th></th><th>Total/</th><th>Public debt</th><th>Guaranteed securities 2/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities 2/ 3/</th><th>Total</th><th colspan="3">Public debt</th><th>Guaranteed securities 2/ (matured)</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Matured</th><th>Monetary Fund 4/</th><th>Other 5/</th><th></th></tr><tr><td>1944</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>250,768</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>1954</td><td>271,341</td><td>271,260</td><td>81</td><td>268,990</td><td>268,910</td><td>80</td><td>2,351</td><td>2,350</td><td>437</td><td>1,411</td><td>502</td><td>1</td></tr><tr><td>1955</td><td>274,418</td><td>274,374</td><td>44</td><td>272,785</td><td>272,741</td><td>43</td><td>2,634</td><td>2,633</td><td>589</td><td>1,567</td><td>477</td><td>1</td></tr><tr><td>1956</td><td>272,029</td><td>272,751</td><td>74</td><td>269,956</td><td>269,883</td><td>73</td><td>2,669</td><td>2,668</td><td>666</td><td>1,742</td><td>400</td><td>1</td></tr><tr><td>1954-December</td><td>278,784</td><td>278,750</td><td>34</td><td>275,764</td><td>275,731</td><td>33</td><td>3,020</td><td>3,019</td><td>1,003</td><td>1,528</td><td>488</td><td>1</td></tr><tr><td>1955-July</td><td>277,626</td><td>277,584</td><td>42</td><td>274,995</td><td>274,955</td><td>41</td><td>2,630</td><td>2,629</td><td>542</td><td>1,613</td><td>474</td><td>1</td></tr><tr><td>August</td><td>278,352</td><td>278,309</td><td>43</td><td>275,753</td><td>275,711</td><td>43</td><td>2,599</td><td>2,598</td><td>513</td><td>1,613</td><td>473</td><td>1</td></tr><tr><td>September</td><td>277,524</td><td>277,476</td><td>48</td><td>274,925</td><td>274,879</td><td>47</td><td>2,598</td><td>2,597</td><td>514</td><td>1,613</td><td>471</td><td>1</td></tr><tr><td>October</td><td>279,866</td><td>279,818</td><td>48</td><td>277,324</td><td>277,277</td><td>47</td><td>2,542</td><td>2,541</td><td>468</td><td>1,602</td><td>470</td><td>1</td></tr><tr><td>November</td><td>280,189</td><td>280,136</td><td>53</td><td>277,681</td><td>277,628</td><td>52</td><td>2,509</td><td>2,508</td><td>435</td><td>1,602</td><td>471</td><td>1</td></tr><tr><td>December</td><td>280,322</td><td>280,769</td><td>53</td><td>277,851</td><td>277,799</td><td>52</td><td>2,970</td><td>2,970</td><td>857</td><td>1,645</td><td>467</td><td>1</td></tr><tr><td>1956-January</td><td>280,100</td><td>280,049</td><td>53</td><td>277,221</td><td>277,170</td><td>51</td><td>2,881</td><td>2,879</td><td>735</td><td>1,675</td><td>469</td><td>2</td></tr><tr><td>February</td><td>280,157</td><td>280,108</td><td>58</td><td>277,351</td><td>277,295</td><td>56</td><td>2,816</td><td>2,814</td><td>660</td><td>1,686</td><td>467</td><td>2</td></tr><tr><td>March</td><td>276,104</td><td>276,345</td><td>59</td><td>273,539</td><td>273,481</td><td>57</td><td>2,865</td><td>2,863</td><td>725</td><td>1,672</td><td>466</td><td>2</td></tr><tr><td>April</td><td>275,945</td><td>275,789</td><td>56</td><td>273,133</td><td>273,078</td><td>56</td><td>2,712</td><td>2,711</td><td>580</td><td>1,666</td><td>465</td><td>1</td></tr><tr><td>May</td><td>276,791</td><td>276,729</td><td>62</td><td>274,038</td><td>273,977</td><td>61</td><td>2,753</td><td>2,752</td><td>548</td><td>1,742</td><td>463</td><td>1</td></tr><tr><td>June</td><td>272,825</td><td>272,751</td><td>74</td><td>269,956</td><td>269,883</td><td>73</td><td>2,869</td><td>2,868</td><td>666</td><td>1,742</td><td>460</td><td>1</td></tr></table>
Source: Daily Treasury statement.
1/ Includes certain obligations not subject to statutory limitation.
For accounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
3/ Consists of FIA debentures beginning March 1953.
4/ Special notes of the United States issued to the International Monetary Fund in payment of part of the United States subscription.
pursuant to provisions of the Bretton Woods Agreements Act. The notes, bearing no interest, are nonnegotiable, and are payable on demand. Similar notes issued to the International Bank and outstanding 1947-1949 are included under "Other." 5/ Include savings stamps, excess profits tax refund bonds, currency items, and notes issued to the International Bank (see footnote 1). For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total interest-bearing public debt</th><th>Total public issues</th><th colspan="5">Marketable</th><th colspan="5">Nonmarketable</th><th>Special issues</th></tr><tr><th></th><th></th><th>Total</th><th>Bills</th><th>Certificate</th><th>Notes</th><th>Treasury bonds Bank eligible</th><th>Treasury bonds Bank restricted 1/</th><th>Other bonds 2/</th><th>Total U.S. savings bonds</th><th>Treasury savings notes</th><th>Armed forces leave bonds</th><th>Treasury bonds, investment series</th><th>Other 3/</th></tr><tr><td>1948</td><td>250,063</td><td>219,852</td><td>160,346</td><td>13,757</td><td>22,588</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>250,702</td><td>217,986</td><td>155,117</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>1,860</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>18,416</td><td>20,404</td><td>53,159</td><td>49,636</td><td>160</td><td>67,514</td><td>57,536</td><td>8,472</td><td>297</td><td>954</td><td>285</td><td>32,356</td></tr><tr><td>1951</td><td>252,852</td><td>218,193</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>31,653</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>1954</td><td>268,910</td><td>226,681</td><td>150,354</td><td>19,515</td><td>18,405</td><td>31,960</td><td>71,706</td><td>8,672</td><td>96</td><td>76,326</td><td>58,061</td><td>5,079</td><td>-</td><td>12,775</td><td>412</td><td>42,229</td></tr><tr><td>1955</td><td>271,711</td><td>228,491</td><td>155,206</td><td>19,514</td><td>13,836</td><td>40,729</td><td>81,057</td><td>-</td><td>71</td><td>73,285</td><td>58,365</td><td>1,913</td><td>-</td><td>12,589</td><td>417</td><td>43,250</td></tr><tr><td>1956</td><td>269,883</td><td>224,769</td><td>154,953</td><td>20,808</td><td>16,303</td><td>35,952</td><td>81,840</td><td>-</td><td>50</td><td>69,817</td><td>57,497</td><td>-</td><td>-</td><td>12,009</td><td>310</td><td>45,114</td></tr><tr><td>1954-Dec.</td><td>275,731</td><td>233,165</td><td>157,832</td><td>19,506</td><td>28,458</td><td>28,033</td><td>76,044</td><td>5,706</td><td>85</td><td>75,333</td><td>57,672</td><td>4,548</td><td>-</td><td>12,681</td><td>433</td><td>42,566</td></tr><tr><td>1955-July</td><td>274,955</td><td>231,615</td><td>158,571</td><td>19,913</td><td>16,037</td><td>40,746</td><td>81,826</td><td>-</td><td>50</td><td>73,043</td><td>58,407</td><td>1,655</td><td>-</td><td>12,572</td><td>410</td><td>43,340</td></tr><tr><td>Aug.</td><td>275,711</td><td>231,472</td><td>158,860</td><td>20,312</td><td>9,047</td><td>47,608</td><td>81,844</td><td>-</td><td>50</td><td>72,612</td><td>58,150</td><td>1,202</td><td>-</td><td>12,550</td><td>410</td><td>44,238</td></tr><tr><td>Sept.</td><td>274,879</td><td>230,988</td><td>159,475</td><td>20,810</td><td>9,047</td><td>47,707</td><td>81,861</td><td>-</td><td>50</td><td>71,513</td><td>58,290</td><td>399</td><td>-</td><td>12,451</td><td>373</td><td>43,891</td></tr><tr><td>Oct.</td><td>277,277</td><td>233,619</td><td>162,544</td><td>20,812</td><td>12,017</td><td>47,797</td><td>81,868</td><td>-</td><td>50</td><td>71,076</td><td>58,261</td><td>81</td><td>-</td><td>12,360</td><td>374</td><td>43,657</td></tr><tr><td>Nov.</td><td>277,628</td><td>233,615</td><td>162,561</td><td>20,812</td><td>12,017</td><td>47,817</td><td>81,865</td><td>-</td><td>50</td><td>71,055</td><td>58,279</td><td>65</td><td>-</td><td>12,340</td><td>371</td><td>44,013</td></tr><tr><td>Dec.</td><td>277,799</td><td>233,873</td><td>163,251</td><td>22,313</td><td>15,741</td><td>43,285</td><td>81,862</td><td>-</td><td>50</td><td>70,622</td><td>57,924</td><td>36</td><td>-</td><td>12,300</td><td>362</td><td>43,926</td></tr><tr><td>1956-Jan.</td><td>277,170</td><td>233,584</td><td>163,340</td><td>22,315</td><td>15,741</td><td>43,374</td><td>81,860</td><td>-</td><td>50</td><td>70,245</td><td>57,649</td><td>28</td><td>-</td><td>12,210</td><td>357</td><td>43,585</td></tr><tr><td>Feb.</td><td>277,295</td><td>233,607</td><td>163,350</td><td>22,315</td><td>15,741</td><td>43,388</td><td>81,856</td><td>-</td><td>50</td><td>70,257</td><td>57,684</td><td>23</td><td>-</td><td>12,198</td><td>352</td><td>43,688</td></tr><tr><td>Mar.</td><td>273,481</td><td>229,746</td><td>159,510</td><td>20,813</td><td>20,759</td><td>36,036</td><td>81,852</td><td>-</td><td>50</td><td>70,236</td><td>57,727</td><td>11</td><td>-</td><td>12,161</td><td>336</td><td>43,736</td></tr><tr><td>Apr.</td><td>273,078</td><td>229,689</td><td>159,559</td><td>20,811</td><td>20,759</td><td>36,093</td><td>81,846</td><td>-</td><td>50</td><td>70,129</td><td>57,729</td><td>-</td><td>-</td><td>12,077</td><td>324</td><td>43,389</td></tr><tr><td>May</td><td>273,977</td><td>229,637</td><td>159,564</td><td>20,805</td><td>20,759</td><td>36,107</td><td>81,843</td><td>-</td><td>50</td><td>70,073</td><td>57,729</td><td>-</td><td>-</td><td>12,038</td><td>307</td><td>44,339</td></tr><tr><td>June</td><td>269,883</td><td>224,769</td><td>154,953</td><td>20,808</td><td>16,303</td><td>35,952</td><td>81,840</td><td>-</td><td>50</td><td>69,817</td><td>57,497</td><td>-</td><td>-</td><td>12,009</td><td>310</td><td>45,114</td></tr></table>
1/ Issues which commercial banks (banks accepting demand deposits) were 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 earning deposits; (2) they might temporarily acquire such
2/ Consists of Panama Canal bonds, and also postal savings bonds until the last of these bonds matured on July 1, 1959.
3/ Consists of depository bonds.
August 1956
21
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table 3.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Federal Deposit Insurance Corporation</th><th>Federal home loan banks</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Government employee retirement funds</th><th>Government Life Insurance Fund</th><th>National Service Life Insurance Fund</th><th>Postal Savings System 1/</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>Other 2/</th></tr><tr><td>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>808</td><td>119</td><td>10,418</td><td>79</td><td>3,817</td><td>1,292</td><td>5,342</td><td>1,802</td><td>2,058</td><td>6,616</td><td>6</td></tr><tr><td>1951</td><td>34,653</td><td>868</td><td>77</td><td>12,096</td><td>86</td><td>4,391</td><td>1,300</td><td>5,436</td><td>706</td><td>2,414</td><td>7,266</td><td>13</td></tr><tr><td>1952</td><td>37,739</td><td>888</td><td>50</td><td>14,047</td><td>79</td><td>5,014</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>1,299</td><td>5,249</td><td>452</td><td>3,128</td><td>8,287</td><td>32</td></tr><tr><td>1954</td><td>42,229</td><td>892</td><td>232</td><td>17,054</td><td>84</td><td>5,854</td><td>1,234</td><td>5,272</td><td>213</td><td>3,345</td><td>8,024</td><td>24</td></tr><tr><td>1955</td><td>43,250</td><td>835</td><td>200</td><td>18,239</td><td>94</td><td>6,168</td><td>1,233</td><td>5,346</td><td>91</td><td>3,486</td><td>7,479</td><td>79</td></tr><tr><td>1956</td><td>45,114</td><td>673</td><td>52</td><td>19,467</td><td>103</td><td>6,667</td><td>1,217</td><td>5,481</td><td>6</td><td>3,600</td><td>7,737</td><td>112</td></tr><tr><td>1954-December</td><td>42,566</td><td>860</td><td>263</td><td>17,577</td><td>91</td><td>5,918</td><td>1,216</td><td>5,242</td><td>164</td><td>3,370</td><td>7,775</td><td>91</td></tr><tr><td>1955-July</td><td>43,340</td><td>833</td><td>145</td><td>18,466</td><td>84</td><td>6,145</td><td>1,226</td><td>5,340</td><td>71</td><td>3,441</td><td>7,508</td><td>80</td></tr><tr><td>August</td><td>44,238</td><td>831</td><td>85</td><td>18,905</td><td>84</td><td>6,379</td><td>1,221</td><td>5,390</td><td>46</td><td>3,487</td><td>7,726</td><td>85</td></tr><tr><td>September</td><td>43,891</td><td>832</td><td>67</td><td>18,635</td><td>86</td><td>6,393</td><td>1,219</td><td>5,381</td><td>46</td><td>3,485</td><td>7,660</td><td>87</td></tr><tr><td>October</td><td>43,657</td><td>834</td><td>67</td><td>18,407</td><td>88</td><td>6,433</td><td>1,215</td><td>5,374</td><td>72</td><td>3,456</td><td>7,613</td><td>94</td></tr><tr><td>November</td><td>44,023</td><td>828</td><td>67</td><td>18,586</td><td>91</td><td>6,452</td><td>1,212</td><td>5,368</td><td>42</td><td>3,491</td><td>7,779</td><td>98</td></tr><tr><td>December</td><td>43,926</td><td>667</td><td>64</td><td>18,663</td><td>93</td><td>6,457</td><td>1,207</td><td>5,364</td><td>26</td><td>3,499</td><td>7,789</td><td>97</td></tr><tr><td>1956-January</td><td>43,585</td><td>735</td><td>53</td><td>18,435</td><td>97</td><td>6,455</td><td>1,204</td><td>5,360</td><td>18</td><td>3,462</td><td>7,671</td><td>97</td></tr><tr><td>February</td><td>43,688</td><td>739</td><td>50</td><td>18,505</td><td>98</td><td>6,449</td><td>1,200</td><td>5,355</td><td>6</td><td>3,502</td><td>7,678</td><td>107</td></tr><tr><td>March</td><td>43,736</td><td>740</td><td>50</td><td>18,682</td><td>100</td><td>6,464</td><td>1,196</td><td>5,343</td><td>6</td><td>3,509</td><td>7,539</td><td>108</td></tr><tr><td>April</td><td>43,389</td><td>732</td><td>52</td><td>18,499</td><td>101</td><td>6,452</td><td>1,190</td><td>5,334</td><td>6</td><td>3,464</td><td>7,454</td><td>106</td></tr><tr><td>May</td><td>44,339</td><td>732</td><td>52</td><td>19,147</td><td>101</td><td>6,460</td><td>1,184</td><td>5,328</td><td>6</td><td>3,503</td><td>7,721</td><td>107</td></tr><tr><td>June</td><td>45,114</td><td>673</td><td>52</td><td>19,467</td><td>103</td><td>6,667</td><td>1,217</td><td>5,481</td><td>6</td><td>3,500</td><td>7,737</td><td>112</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="7">Computed annual interest rate</th><th rowspan="2">Guaranteed securities 1/</th></tr><tr><th>Amount outstanding</th><th>Public debt</th><th>Computed annual interest charge</th><th>Total interest-bearing securities</th><th>Total public debt</th><th>Total 2/</th><th>Bills 3/</th><th>Certificates</th><th>Public debt</th><th>Non-marketable issues 4/</th><th>Special issues</th></tr><tr><td>Public debt and guaranteed securities 1/</td><td></td><td></td><td>Public debt and guaranteed securities 1/</td><td></td><td></td><td colspan="5">Marketable issues</td><td></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>2,583</td><td>1,924</td></tr><tr><td>1949</td><td>250,785</td><td>250,762</td><td>5,606</td><td>2,236</td><td>2,236</td><td>2.001</td><td>1.176</td><td>1.225</td><td>1.375</td><td>2,313</td><td>2,629</td><td>2,596</td><td>2,210</td></tr><tr><td>1950</td><td>255,226</td><td>255,209</td><td>5,613</td><td>2,200</td><td>2,200</td><td>1.958</td><td>1.187</td><td>1.163</td><td>1.344</td><td>2,322</td><td>2,569</td><td>2,589</td><td>2,684</td></tr><tr><td>1951</td><td>252,879</td><td>252,852</td><td>5,740</td><td>2,270</td><td>2,270</td><td>1.981</td><td>1.569</td><td>1.875</td><td>1.399</td><td>2,327</td><td>2,623</td><td>2,605</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>1954</td><td>268,990</td><td>268,910</td><td>6,300</td><td>2,342</td><td>2,342</td><td>2.043</td><td>.843</td><td>1.928</td><td>1.838</td><td>2,440</td><td>2.751</td><td>2.671</td><td>2.547</td></tr><tr><td>1955</td><td>271,785</td><td>271,741</td><td>6,388</td><td>2,351</td><td>2,351</td><td>2.079</td><td>1.539</td><td>1.173</td><td>1.846</td><td>2,480</td><td>2.789</td><td>2.585</td><td>2.590</td></tr><tr><td>1956</td><td>269,956</td><td>269,883</td><td>6,952</td><td>2,576</td><td>2,576</td><td>2.427</td><td>2.654</td><td>2.625</td><td>2.075</td><td>2,485</td><td>2.824</td><td>2.705</td><td>2.606</td></tr><tr><td>1954-December</td><td>275,764</td><td>275,731</td><td>6,316</td><td>2,291</td><td>2,291</td><td>1.963</td><td>1.064</td><td>1.255</td><td>1.795</td><td>2,480</td><td>2.766</td><td>2.664</td><td>2.613</td></tr><tr><td>1955-July</td><td>274,995</td><td>274,955</td><td>6,456</td><td>2,348</td><td>2,348</td><td>2.080</td><td>1.542</td><td>1.270</td><td>1.345</td><td>2,485</td><td>2.792</td><td>2,584</td><td>2,530</td></tr><tr><td>August</td><td>275,752</td><td>275,711</td><td>6,573</td><td>2,384</td><td>2,384</td><td>2.141</td><td>1.665</td><td>1.525</td><td>1.367</td><td>2,485</td><td>2.795</td><td>2,584</td><td>2,587</td></tr><tr><td>September</td><td>274,925</td><td>274,879</td><td>6,602</td><td>2,102</td><td>2,102</td><td>2.172</td><td>1.919</td><td>1.525</td><td>1.567</td><td>2,485</td><td>2.802</td><td>2,588</td><td>2,584</td></tr><tr><td>October</td><td>277,324</td><td>277,277</td><td>6,698</td><td>2,416</td><td>2,416</td><td>2.199</td><td>2.120</td><td>1.704</td><td>1.366</td><td>2,485</td><td>2,806</td><td>2,590</td><td>2,584</td></tr><tr><td>November</td><td>277,681</td><td>277,628</td><td>6,731</td><td>2,425</td><td>2,425</td><td>2.213</td><td>2.231</td><td>1.705</td><td>1.366</td><td>2,485</td><td>2,808</td><td>2,590</td><td>2,576</td></tr><tr><td>December</td><td>277,951</td><td>277,799</td><td>6,914</td><td>2,190</td><td>2,190</td><td>2.323</td><td>2.127</td><td>2.390</td><td>1.937</td><td>2,485</td><td>2,812</td><td>2,592</td><td>2,591</td></tr><tr><td>1956-January</td><td>277,321</td><td>277,170</td><td>6,912</td><td>2,495</td><td>2,495</td><td>2.330</td><td>2.148</td><td>2.390</td><td>1,936</td><td>2,485</td><td>2,815</td><td>2,593</td><td>2,501</td></tr><tr><td>February</td><td>277,351</td><td>277,295</td><td>6,927</td><td>2,499</td><td>2,499</td><td>2.336</td><td>2.528</td><td>2.390</td><td>1,936</td><td>2,485</td><td>2,817</td><td>2,595</td><td>2,599</td></tr><tr><td>March</td><td>273,539</td><td>273,481</td><td>6,926</td><td>2,533</td><td>2,533</td><td>2.390</td><td>2.426</td><td>2.527</td><td>2,076</td><td>2,485</td><td>2,819</td><td>2,595</td><td>2,597</td></tr><tr><td>April</td><td>273,133</td><td>273,078</td><td>6,927</td><td>2,537</td><td>2,537</td><td>2.396</td><td>2.473</td><td>2.527</td><td>2,075</td><td>2,485</td><td>2,820</td><td>2,597</td><td>2,606</td></tr><tr><td>May</td><td>274,038</td><td>273,977</td><td>6,972</td><td>2,546</td><td>2,546</td><td>2.410</td><td>2.578</td><td>2.527</td><td>2,075</td><td>2,485</td><td>2,822</td><td>2,597</td><td>2,603</td></tr><tr><td>June</td><td>269,956</td><td>269,883</td><td>6,952</td><td>2,576</td><td>2,576</td><td>2.427</td><td>2.654</td><td>2.625</td><td>2,075</td><td>2,485</td><td>2,824</td><td>2,705</td><td>2,606</td></tr></table>
Source: Daily Treasury statement. Note: The computed annual interest charge represents the amount of interest that would be paid if each interest-bearing issue outstanding at the end of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate to the amount outstanding on that date. The aggregate charge for all interest-bearing issues constitutes the total computed annual interest charge. The average annual interest rate is computed
by dividing the computed annual interest charge for the total, or for any group of issues, by the corresponding principal amount. 1/ Excludes guaranteed securities held by the Treasur
22
Treasury Bulletin
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies
(In millions of dollars)
<table><tr><th>2nd of fiscal year or month</th><th>Total</th><th>Commodity Credit Corporation</th><th>Export-Import Bank of Washington 2/</th><th>Federal National Mortgage Association 1/</th><th>Housing and Home Finance Administration 1/</th><th>International Cooperation Administration 2/</th><th>Public Housing Administration</th><th>Reconstruction Finance Corporation 2/</th><th>Rural Electrification Administration</th><th>Secretary of Agriculture 1/</th><th>Tennessee Valley Authority</th><th>Veterans' direct loan program</th><th>Under Defense Production Act of 1950 8/</th><th>Other 2/</th></tr><tr><td>1st</td><td>2,790</td><td>440</td><td>971</td><td>-</td><td>-</td><td>-</td><td>362</td><td>10/</td><td>718</td><td>-</td><td>54</td><td>-</td><td>-</td><td>244</td></tr><tr><td>1st</td><td>6,51</td><td>1,669</td><td>914</td><td>-</td><td>-</td><td>782</td><td>337</td><td>1,856</td><td>1,015</td><td>-</td><td>58</td><td>-</td><td>-</td><td>226</td></tr><tr><td>1st</td><td>7,14</td><td>3,103</td><td>944</td><td>-</td><td>1</td><td>94</td><td>349</td><td>1,456</td><td>1,281</td><td>65</td><td>49</td><td>-</td><td>-</td><td>100</td></tr><tr><td>1st</td><td>9,027</td><td>2,555</td><td>1,040</td><td>1,549</td><td>30</td><td>1,007</td><td>489</td><td>274</td><td>1,527</td><td>58</td><td>44</td><td>107</td><td>158</td><td>100</td></tr><tr><td>1st</td><td>2,544</td><td>1,770</td><td>1,088</td><td>2,038</td><td>44</td><td>1,150</td><td>555</td><td>197</td><td>1,731</td><td>78</td><td>39</td><td>178</td><td>395</td><td>-</td></tr><tr><td>1st</td><td>12,126</td><td>3,12</td><td>1,27</td><td>2,446</td><td>67</td><td>1,189</td><td>655</td><td>159</td><td>1,933</td><td>117</td><td>34</td><td>270</td><td>416</td><td>-</td></tr><tr><td>1st</td><td>12,97</td><td>4,190</td><td>1,347</td><td>2,233</td><td>102</td><td>1,203</td><td>215</td><td>154</td><td>2,091</td><td>172</td><td>29</td><td>367</td><td>773</td><td>2</td></tr><tr><td>1st</td><td>16,275</td><td>7,608</td><td>1,310</td><td>1,466</td><td>130</td><td>1,209</td><td>61</td><td>-</td><td>2,207</td><td>162</td><td>14</td><td>491</td><td>1,002</td><td>16</td></tr><tr><td>1st</td><td>20,04</td><td>11,100</td><td>1,239</td><td>1,954</td><td>165</td><td>1,213</td><td>38</td><td>-</td><td>2,343</td><td>151</td><td>-</td><td>584</td><td>1,144</td><td>27</td></tr><tr><td>1st-Dec.</td><td>14,511</td><td>5,532</td><td>1,354</td><td>2,449</td><td>114</td><td>1,208</td><td>90</td><td>-</td><td>2,145</td><td>166</td><td>14</td><td>432</td><td>991</td><td>16</td></tr><tr><td>1st-July</td><td>16,344</td><td>7,040</td><td>1,285</td><td>1,983</td><td>134</td><td>1,209</td><td>64</td><td>-</td><td>2,267</td><td>187</td><td>14</td><td>491</td><td>1,052</td><td>17</td></tr><tr><td>1st</td><td>17,118</td><td>1,478</td><td>1,285</td><td>1,972</td><td>134</td><td>1,210</td><td>86</td><td>-</td><td>2,267</td><td>187</td><td>-</td><td>491</td><td>1,053</td><td>18</td></tr><tr><td>1st-Sept.</td><td>17,441</td><td>8,730</td><td>1,272</td><td>1,957</td><td>144</td><td>1,210</td><td>61</td><td>-</td><td>2,267</td><td>187</td><td>-</td><td>537</td><td>1,056</td><td>18</td></tr><tr><td>1st-Oct.</td><td>17,912</td><td>9,085</td><td>1,270</td><td>1,987</td><td>144</td><td>1,210</td><td>58</td><td>-</td><td>2,312</td><td>212</td><td>-</td><td>537</td><td>1,109</td><td>19</td></tr><tr><td>1st-Nov.</td><td>18,292</td><td>9,389</td><td>1,271</td><td>1,997</td><td>174</td><td>1,210</td><td>61</td><td>-</td><td>2,312</td><td>212</td><td>-</td><td>537</td><td>1,109</td><td>19</td></tr><tr><td>1st-Dec.</td><td>11,045</td><td>9,175</td><td>1,268</td><td>2,002</td><td>154</td><td>1,211</td><td>50</td><td>-</td><td>2,276</td><td>141</td><td>-</td><td>537</td><td>1,112</td><td>19</td></tr><tr><td>1st-Jan.</td><td>18,932</td><td>10,075</td><td>1,225</td><td>2,028</td><td>154</td><td>1,212</td><td>74</td><td>-</td><td>2,321</td><td>176</td><td>-</td><td>537</td><td>1,116</td><td>20</td></tr><tr><td>1st-Feb.</td><td>18,721</td><td>10,130</td><td>1,229</td><td>1,939</td><td>155</td><td>1,212</td><td>53</td><td>-</td><td>2,321</td><td>211</td><td>-</td><td>537</td><td>1,116</td><td>20</td></tr><tr><td>1st-Mar.</td><td>19,12</td><td>10,313</td><td>1,223</td><td>1,915</td><td>165</td><td>1,212</td><td>68</td><td>-</td><td>2,321</td><td>208</td><td>-</td><td>584</td><td>1,119</td><td>20</td></tr><tr><td>1st-Apr.</td><td>13,627</td><td>10,709</td><td>1,224</td><td>1,938</td><td>165</td><td>1,213</td><td>53</td><td>-</td><td>2,381</td><td>221</td><td>-</td><td>584</td><td>1,118</td><td>21</td></tr><tr><td>1st-May</td><td>19,783</td><td>10,836</td><td>1,232</td><td>1,939</td><td>165</td><td>1,213</td><td>49</td><td>-</td><td>2,381</td><td>226</td><td>-</td><td>584</td><td>1,143</td><td>21</td></tr><tr><td>1st-June</td><td>1,747</td><td>11,140</td><td>1,439</td><td>1,954</td><td>155</td><td>1,213</td><td>38</td><td>-</td><td>2,343</td><td>151</td><td>-</td><td>584</td><td>1,144</td><td>27</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/ Excludes securities issued under Defense Production Act.
3/ From September 1950 through July 1954, consists of notes of the Housing and Farm Finance Administrator, issued to borrow for the Association. Beginning August 1954, consists of liabilities taken over by the Association from the Administrator in accordance with Public Law 50, approved August 2, 1954, and notes issued by the Association under authority of that act; and beginning September 1954, also securities transferred from the Reconstruction Finance Corporation (see footnote 6). Prior to September 1950, the Association was financed from funds of the Reconstruction Finance Corporation, which owned the capital stock.
4/ Consists of notes issued to borrow for the urban renewal program (formerly slum clearance program); the prefabricated housing; loans program from September 1950, when it was transferred from the Reconstruction Finance Corporation, through November 1954; housing loans for educational institutions beginning July 1951; and public facility loans beginning January 1956. Notes issued to borrow for the Federal National Mortgage Association are shown under the Association.
5/ Established in the Department of State by Executive Order No. 10610, in 1950, May 1, 1955, and effective at the close of business June 30, in an successor to the Foreign Operations Administration. Data for earlier periods are for predecessor agencies.
6/ Excludes securities issued under Defense Production Act of 1950; includes securities issued under Federal Civil Defense Act of 1950
through November 1953, after which they were taken over by the Secretary of the Treasury, pursuant to the act approved July 30, 1953 (67 Stat. 230), and are included under "Other." During September 1954, under Reorganization Plan No. 2 of 1954, the remaining securities issued by the Corporation to the Treasury were transferred as follows: $142 million to Export-Import Bank of Washington, $92 million to Federal National Mortgage Association, and $14 million to Small Business Administration.
For Farmers' Home Administration program.
Consists of notes of the Administrator, General Services Administration beginning January 1951 (Administrator, Defense Materials Procurement Agency, January 1952 through July 1953) for defense materials procurement; Reconstruction Finance Corporation, January 1951 through September 1953 (after which its activities under this act were transferred to the Secretary of the Treasury), and the Secretary of the Treasury beginning October 1953; the Secretary of the Interior (Defense Minerals Exploration Administration) beginning June 1951; the Export-Import Bank of Washington beginning April 1952; and the Secretary of Agriculture beginning June 1954.
Consists of notes issued by Federal Farm Mortgage Corporation and Home Owners' Loan Corporation prior to 1950, Virgin Islands Company, 1948-49, Secretary of the Army (Natural Fibers Revolving Fund), 1949-51, Secretary of the Treasury beginning 1953 (see footnote 6), and Small Business Administration beginning September 1954; and revenue bonds issued by Saint Lawrence Seaway Development Corporation, beginning November 1954.
Notes outstanding in the amount of $9,365 million, including interest, were canceled on June 30, 1948 (62 Stat. 1187).
August 1956
23
DEBT OUTSTANDING AND TREASURER
ACCOUNT
Table 6.- Status of the Account of the Treasurer of the United States
(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">Deposite in special depositaries 1/</th><th rowspan="2">Other deposite and collections</th><th rowspan="2">Liabilities</th><th rowspan="2">Balance in account of Treasurer of U. S.</th></tr><tr><th>Gold</th><th>Other</th><th>Available funds</th><th>In process of collection</th></tr><tr><td>1948</td><td>5,370</td><td>1,073</td><td>191</td><td>1,928</td><td>123</td><td>1,773</td><td>283</td><td>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>103</td><td>1,771</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>191</td><td>950</td><td>143</td><td>3,268</td><td>323</td><td>410</td><td>5,517</td></tr><tr><td>1951</td><td>7,871</td><td>1,046</td><td>176</td><td>338</td><td>250</td><td>5,680</td><td>380</td><td>514</td><td>7,357</td></tr><tr><td>1952</td><td>7,481</td><td>1,009</td><td>194</td><td>333</td><td>355</td><td>5,106</td><td>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>1954</td><td>7,243</td><td>497</td><td>191</td><td>875</td><td>274</td><td>4,836</td><td>570</td><td>476</td><td>6,766</td></tr><tr><td>1955</td><td>6,362</td><td>493</td><td>187</td><td>380</td><td>343</td><td>4,365</td><td>593</td><td>146 2/</td><td>6,216</td></tr><tr><td>1956</td><td>6,712</td><td>501</td><td>159</td><td>522</td><td>421</td><td>4,633</td><td>476</td><td>166</td><td>6,546</td></tr><tr><td>1954-Dec</td><td>5,344</td><td>489</td><td>166</td><td>563</td><td>111</td><td>3,461</td><td>554</td><td>164</td><td>5,180</td></tr><tr><td>1955-July</td><td>6,957</td><td>497</td><td>171</td><td>624</td><td>179</td><td>4,972</td><td>514</td><td>146</td><td>6,811</td></tr><tr><td>August</td><td>5,888</td><td>498</td><td>163</td><td>393</td><td>143</td><td>4,188</td><td>501</td><td>135</td><td>5,753</td></tr><tr><td>September</td><td>5,533</td><td>499</td><td>146</td><td>554</td><td>191</td><td>3,638</td><td>506</td><td>157</td><td>5,376</td></tr><tr><td>October</td><td>5,455</td><td>488</td><td>149</td><td>484</td><td>177</td><td>3,672</td><td>485</td><td>142</td><td>5,314</td></tr><tr><td>November</td><td>5,280</td><td>496</td><td>145</td><td>477</td><td>141</td><td>3,538</td><td>483</td><td>161</td><td>5,119</td></tr><tr><td>December</td><td>4,697</td><td>491</td><td>141</td><td>397</td><td>159</td><td>3,036</td><td>472</td><td>153</td><td>4,545</td></tr><tr><td>1957-January</td><td>3,438</td><td>492</td><td>174</td><td>428</td><td>331</td><td>1,474</td><td>540</td><td>187</td><td>3,252</td></tr><tr><td>February</td><td>4,950</td><td>494</td><td>168</td><td>554</td><td>283</td><td>2,914</td><td>538</td><td>194</td><td>4,756</td></tr><tr><td>March</td><td>7,231</td><td>490</td><td>159</td><td>534</td><td>191</td><td>5,345</td><td>512</td><td>159</td><td>7,072</td></tr><tr><td>April</td><td>5,876</td><td>502</td><td>147</td><td>578</td><td>352</td><td>3,781</td><td>515</td><td>164</td><td>5,712</td></tr><tr><td>May</td><td>6,409</td><td>497</td><td>162</td><td>515</td><td>182</td><td>4,593</td><td>460</td><td>150</td><td>6,259</td></tr><tr><td>June</td><td>6,712</td><td>501</td><td>159</td><td>522</td><td>421</td><td>4,633</td><td>476</td><td>166</td><td>6,546</td></tr></table>
Source: Daily Treasury statement.
1/ On account of withheld taxes and sales of Government securities.
2/ Beginning December 1954, Post Office Department and Postmasters' dis-bureing accounts are no longer treated as liability accounts of the
Treasurer of the U.S., but are classified and treated in the same manner as other disbursing accounts, in accordance with the change in method of reporting Post Offices Department transactions.
24
Treasury Bulletin
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, except that this amount was increased by $6 billion be-
ginning on August 28, 1954, and ending on June 30, 1956, by acts approved August 28, 1954, and June 30, 1955; and by $3 billion beginning on July 1, 1956, and ending on June 30, 1957, by an act approved July 9, 1956. Obligations issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are included in the statutory debt limitation at current redemption values.
Table 1.- Status under Limitation, June 30, 1956
(In millions of dollars)
<table><tr><td>Maximum amount of securities which may be outstanding at any one time, under limitation imposed by the act of June 26, 1946 (31 U.S.C. 757 b), as increased temporarily by the acts of August 28, 1954, and June 30, 1955</td><td>281,000</td></tr><tr><td>Amount of securities outstanding subject to such statutory debt limitation:</td><td></td></tr><tr><td>U. S. Government securities issued under the Second Liberty Bond Act, as amended</td><td>272,287</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>272,361</td></tr><tr><td>Balance issuable under limitation</td><td>8,639</td></tr><tr><td>Source: Bureau of the Public Debt.</td><td></td></tr></table>
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30, 1956
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td>Public debt:</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td></tr><tr><td>Marketable:</td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>20,303</td><td>-</td><td>20,303</td></tr><tr><td>Certificates of indebtedness</td><td>16,303</td><td>-</td><td>16,303</td></tr><tr><td>Treasury notes</td><td>35,352</td><td>-</td><td>35,952</td></tr><tr><td>Treasury bonds</td><td>81,840</td><td>-</td><td>81,840</td></tr><tr><td>Panama Canal bonds</td><td>-</td><td>50</td><td>50</td></tr><tr><td>Total marketable</td><td>154,903</td><td>50</td><td>154,953</td></tr><tr><td>Normarketable:</td><td></td><td></td><td></td></tr><tr><td>U. S. savings bonds (current redemption value)</td><td>57,497</td><td>-</td><td>57,497</td></tr><tr><td>Depositary bonds</td><td>310</td><td>-</td><td>310</td></tr><tr><td>Treasury bonds, investment series</td><td>12,009</td><td>-</td><td>12,009</td></tr><tr><td>Total normarketable</td><td>69,817</td><td>-</td><td>69,817</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>45,114</td><td>-</td><td>45,114</td></tr><tr><td>Total interest-bearing securities</td><td>269,833</td><td>50</td><td>269,883</td></tr><tr><td>Matured securities on which interest has ceased</td><td>662</td><td>1</td><td>666</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>49</td><td>-</td><td>49</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>1,742</td><td>-</td><td>1,742</td></tr><tr><td>United States notes (less gold reserve)</td><td>-</td><td>191</td><td>191</td></tr><tr><td>Imposes for retirement of national bank and Federal Reserve Bank notes</td><td>-</td><td>213</td><td>213</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>1,792</td><td>409</td><td>2,202</td></tr><tr><td>Total public debt</td><td>272,287</td><td>463</td><td>272,751</td></tr><tr><td>Guaranteed securities: 1/</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>272,361</td><td>463</td><td>272,825</td></tr></table>
source: Bureau of the Public Debt.
1/ Excludes guaranteed securities held by the Treasury.
August 1956
25
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding June 30, 1956
(In millions of dollars)
<table><tr><th rowspan="2">Year and month</th><th rowspan="2">Description of security 1/</th><th colspan="3">Amount of maturities</th><th rowspan="2">Year and month</th><th rowspan="2">Description of security 1/</th><th colspan="3">Amount of maturities</th></tr><tr><th>Fixed maturity issues</th><th>Callable issues classified by year of: First call</th><th>Final maturity</th><th>Fixed maturity issues</th><th>First call</th><th>Final maturity</th></tr><tr><td colspan="4">1956</td><td colspan="4">1959</td><td colspan="3"></td></tr><tr><td>July</td><td>Bills</td><td>6,403</td><td>-</td><td>-</td><td>Feb.</td><td>1-7/8% Note</td><td>2/15/59-A</td><td>5,102</td><td>-</td><td>-</td></tr><tr><td>Aug.</td><td>Bills 2% Note - 8/15/56-B</td><td>8,001 12,388</td><td>-</td><td>-</td><td>Mar.</td><td>2-3/8% Bond</td><td>3/15/57-59</td><td>-</td><td>-</td><td>927</td></tr><tr><td>Sept.</td><td>Bills 2-3/4% Bonds 2/ - 9/15/56-59</td><td>6,404 982</td><td>-</td><td>-</td><td>Apr.</td><td>1-1/2% Note</td><td>4/1/59-EA</td><td>119</td><td>-</td><td>-</td></tr><tr><td>Oct.</td><td>1-1/2% Note - 10/1/56-EO</td><td>550</td><td>-</td><td>-</td><td>June.</td><td>2-1/4% Bond</td><td>6/15/59-62</td><td>-</td><td>5,274</td><td>-</td></tr><tr><td>Dec.</td><td>2-5/8% Certificate - 12/1/56-D</td><td>9,083</td><td>-</td><td>-</td><td>Sept.</td><td>2-1/4% Bond</td><td>9/15/56-59</td><td>-</td><td>-</td><td>3,821</td></tr><tr><td></td><td>Total</td><td>43,812</td><td>-</td><td>-</td><td>Oct.</td><td>1-1/2% Note</td><td>10/1/59-EO</td><td>99</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Dec.</td><td>2-1/4% Bond</td><td>12/15/59-62</td><td>-</td><td>3,463</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>Total</td><td></td><td>5,320</td><td>8,737</td><td>4,748</td></tr><tr><td colspan="4">1957</td><td colspan="4">1960</td><td colspan="3"></td></tr><tr><td>Feb.</td><td>2-5/8% Certificate - 2/15/57-A</td><td>7,219</td><td>-</td><td>-</td><td>Apr.</td><td>1-1/2% Note</td><td>4/1/60-EA</td><td>198</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>2-1/2% Bond 3/ - 3/15/56-58 2-1/4% Bond 3/ - 9/15/56-59 2-3/8% Bond - 3/15/57-59 2-7/8% Note - 3/15/57-A</td><td>- 1,449 3,821 927 2,997</td><td>-</td><td>-</td><td>Oct.</td><td>1-1/2% Note</td><td>10/1/60-EO</td><td>278</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>1-1/2% Note - 4/1/57-EA</td><td>531</td><td>-</td><td>-</td><td>Nov.</td><td>2-1/8% Bond</td><td>11/15/60</td><td>3,806</td><td>-</td><td>-</td></tr><tr><td>May.</td><td>1-5/8% Note - 5/15/57-B</td><td>4,155</td><td>-</td><td>-</td><td>Dec.</td><td>2-3/4% Bond</td><td>12/15/60-65</td><td>-</td><td>1,485</td><td>-</td></tr><tr><td>Aug.</td><td>2% Note - 8/15/57-C</td><td>3,792</td><td>-</td><td>-</td><td>Total</td><td></td><td></td><td>4,282</td><td>1,485</td><td>-</td></tr><tr><td>Oct.</td><td>1-1/2% Note - 10/1/57-EO</td><td>824</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td>19,519</td><td>6,196</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">1958</td><td colspan="4">1961</td><td colspan="3"></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/56-58</td><td>-</td><td>-</td><td>1,449</td><td>Apr.</td><td>1-1/2% Note</td><td>4/1/61-EA</td><td>23</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>1-1/2% Note - 4/1/58-EA</td><td>383</td><td>-</td><td>-</td><td>June.</td><td>3% Panama Canal bond - 6/1/61</td><td>50</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June.</td><td>2-3/8% Bond - 6/15/58 2-3/4% Bond - 6/15/58-63 2-7/8% Note - 6/15/58-A</td><td>4,245 919 4,392</td><td>-</td><td>-</td><td>Sept.</td><td>2-3/4% Bond</td><td>9/15/61</td><td>2,239</td><td>-</td><td>-</td></tr><tr><td>Oct.</td><td>1-1/2% Note - 10/1/58-EO</td><td>121</td><td>-</td><td>-</td><td>Nov.</td><td>2-1/2% Bond</td><td>11/15/61</td><td>11,177</td><td>-</td><td>-</td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 12/15/58</td><td>2,368</td><td>-</td><td>-</td><td>Total</td><td></td><td></td><td>13,489</td><td>-</td><td>-</td></tr><tr><td></td><td>Total</td><td>11,509</td><td>919</td><td>1,449</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
26
Treasury Bulletin
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding June 30, 1956 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Year and month</th><th rowspan="2">Description of security 1/</th><th colspan="3">Amount of maturities</th><th rowspan="2">Year and month</th><th rowspan="2">Description of security 1/</th><th colspan="3">Amount of maturities</th></tr><tr><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of:</th><th>Fixed maturity issues</th><th colspan="2">Callable issues classified by year of:</th></tr><tr><th></th><th></th><th></th><th>First call</th><th>Final maturity</th><th></th><th></th><th></th><th>First call</th><th>Final maturity</th></tr><tr><td>1962</td><td>June.. 2-1/4% Bond - 6/15/59-62</td><td>-</td><td>-</td><td>5,274</td><td>1968</td><td>Dec.. 2-1/2% Bond - 12/15/63-68</td><td>-</td><td>-</td><td>2,824</td></tr><tr><td></td><td>2-1/2% Bond - 6/15/62-67</td><td>-</td><td>2,115</td><td>-</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec...</td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>-</td><td>3,463</td><td>1969</td><td>June.. 2-1/2% Bond - 6/15/64-69</td><td>-</td><td>-</td><td>3,752</td></tr><tr><td></td><td>Total.....................</td><td>-</td><td>2,115</td><td>8,737</td><td>Dec.. 2-1/2% Bond - 12/15/64-69</td><td>-</td><td>-</td><td>3,828</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>Total....</td><td>-</td><td>-</td><td>7,579</td></tr><tr><td>1963</td><td>June.. 2-3/4% Bond - 6/15/58-63</td><td>-</td><td>-</td><td>919</td><td>1970</td><td>Mar.. 2-1/2% Bond - 3/15/65-70</td><td>-</td><td>-</td><td>4,714</td></tr><tr><td>Aug...</td><td>2-1/2% Bond - 8/15/63</td><td>6,755</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec...</td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>2,824</td><td>-</td><td>1971</td><td>Mar.. 2-1/2% Bond - 3/15/66-71</td><td>-</td><td>-</td><td>2,958</td></tr><tr><td></td><td>Total.....................</td><td>6,755</td><td>2,824</td><td>919</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1964</td><td>June.. 2-1/2% Bond - 6/15/64-69</td><td>-</td><td>3,752</td><td>-</td><td>1972</td><td>June.. 2-1/2% Bond - 6/15/67-72</td><td>-</td><td>-</td><td>1,875</td></tr><tr><td>Dec...</td><td>2-1/2% Bond - 12/15/64-69</td><td>-</td><td>3,828</td><td>-</td><td>Sept.. 2-1/2% Bond - 9/15/67-72</td><td>-</td><td>-</td><td>2,716</td></tr><tr><td></td><td>Total.....................</td><td>-</td><td>7,579</td><td>-</td><td>Dec.. 2-1/2% Bond - 12/15/67-72</td><td>-</td><td>-</td><td>3,796</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Total....</td><td>-</td><td>-</td><td>8,387</td></tr><tr><td>1965</td><td>Mar... 2-1/2% Bond - 3/15/65-70</td><td>-</td><td>4,714</td><td>-</td><td>1978</td><td>June.. 3-1/4% Bond - 6/15/78-83</td><td>-</td><td>1,606</td><td>-</td></tr><tr><td>Dec...</td><td>2-3/4% Bond - 12/15/60-65</td><td>-</td><td>-</td><td>1,485</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total.....................</td><td>-</td><td>4,714</td><td>1,485</td><td>1983</td><td>June.. 3-1/4% Bond - 6/15/78-83</td><td>-</td><td>-</td><td>1,606</td></tr><tr><td>1966</td><td>Mar... 2-1/2% Bond - 3/15/66-71</td><td>-</td><td>2,958</td><td>-</td><td>1995</td><td>Feb.. 3% Bond - 2/15/95</td><td>2,745</td><td>-</td><td>-</td></tr><tr><td>1967</td><td>June.. 2-1/2% Bond - 6/15/62-67</td><td>-</td><td>-</td><td>2,115</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>2-1/2% Bond - 6/15/67-72</td><td>-</td><td>1,875</td><td>-</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept..</td><td>2-1/2% Bond - 9/15/67-72</td><td>-</td><td>2,716</td><td>-</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec...</td><td>2-1/2% Bond - 12/15/67-72</td><td>-</td><td>3,796</td><td>-</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total.....................</td><td>-</td><td>8,387</td><td>2,115</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury statement and Bureau of the Public Debt. 1/ 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.
date of issue of each security, see "Market Quotations"; for tax status, see "Treasury Survey of Ownership." Called on May 14, 1956, for redemption on September 15, 1956. Not called for redemption on September 15, 1956. Callable on four months' notice on March 15, 1957, succeeding interest payment date.
August 1956
27
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
<table><tr><th rowspan="2">Issue date</th><th colspan="7">Description of new issue</th><th rowspan="2">Amount maturing on issue date of new offering</th><th rowspan="2">Total unaudited issue outstanding after new issue</th></tr><tr><th>Maturity date</th><th>Number of days to maturity</th><th>Amount of bids tendered</th><th>Total amount</th><th colspan="2">Amount of bids accepted</th><th>In exchange</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>On competitive basis</th><th>On noncompetitive basis 1/</th><th></th><th></th><th></th></tr><tr><td>1956-Feb. 2</td><td>1956-May 3</td><td>91</td><td>2,347.2</td><td>1,600.5</td><td>1,374.4</td><td>226.1</td><td>139.9</td><td>1,602.2</td><td>20,811.7</td></tr><tr><td>Feb. 9</td><td>May 10</td><td>91</td><td>2,413.3</td><td>1,600.8</td><td>1,370.5</td><td>230.3</td><td>65.0</td><td>1,599.7</td><td>20,812.8</td></tr><tr><td>Feb. 16</td><td>May 17</td><td>91</td><td>2,389.1</td><td>1,600.1</td><td>1,393.1</td><td>206.9</td><td>28.6</td><td>1,600.2</td><td>20,812.6</td></tr><tr><td>Feb. 23</td><td>May 24</td><td>91</td><td>2,450.1</td><td>1,601.3</td><td>1,359.9</td><td>241.4</td><td>97.6</td><td>1,600.1</td><td>20,813.9</td></tr><tr><td>Mar. 1</td><td>May 31</td><td>91</td><td>2,592.7</td><td>1,604.4</td><td>1,386.0</td><td>218.5</td><td>104.3</td><td>1,601.2</td><td>20,817.1</td></tr><tr><td>Mar. 8</td><td>June 7</td><td>91</td><td>2,156.0</td><td>1,600.1</td><td>1,380.8</td><td>219.3</td><td>31.1</td><td>1,600.1</td><td>20,817.0</td></tr><tr><td>Mar. 15</td><td>June 14</td><td>91</td><td>2,424.4</td><td>1,600.2</td><td>1,352.9</td><td>247.3</td><td>44.4</td><td>1,601.1</td><td>20,816.1</td></tr><tr><td>Mar. 22</td><td>June 21</td><td>91</td><td>2,762.7</td><td>1,600.6</td><td>1,314.7</td><td>286.0</td><td>82.4</td><td>1,600.9</td><td>20,815.8</td></tr><tr><td>Mar. 29</td><td>June 28</td><td>91</td><td>2,566.0</td><td>1,600.4</td><td>1,358.1</td><td>242.3</td><td>128.4</td><td>1,602.9</td><td>20,813.2</td></tr><tr><td>Apr. 5</td><td>July 5</td><td>91</td><td>2,178.4</td><td>1,600.1</td><td>1,359.3</td><td>240.1</td><td>30.3</td><td>1,601.9</td><td>20,811.4</td></tr><tr><td>Apr. 12</td><td>July 12</td><td>91</td><td>2,471.5</td><td>1,601.2</td><td>1,323.3</td><td>277.9</td><td>36.2</td><td>1,600.5</td><td>20,812.1</td></tr><tr><td>Apr. 19</td><td>July 19</td><td>91</td><td>2,339.0</td><td>1,600.0</td><td>1,317.5</td><td>282.5</td><td>36.9</td><td>1,601.6</td><td>20,810.5</td></tr><tr><td>Apr. 26</td><td>July 26</td><td>91</td><td>2,527.0</td><td>1,601.5</td><td>1,333.4</td><td>268.2</td><td>32.2</td><td>1,600.8</td><td>20,811.2</td></tr><tr><td>May 3</td><td>Aug. 2</td><td>91</td><td>2,478.3</td><td>1,599.6</td><td>1,354.7</td><td>244.9</td><td>80.1</td><td>1,600.5</td><td>20,810.3</td></tr><tr><td>May 10</td><td>Aug. 9</td><td>91</td><td>2,444.8</td><td>1,600.6</td><td>1,365.4</td><td>235.2</td><td>24.1</td><td>1,600.8</td><td>20,810.1</td></tr><tr><td>May 17</td><td>Aug. 16</td><td>91</td><td>2,558.0</td><td>1,600.7</td><td>1,369.7</td><td>231.0</td><td>30.3</td><td>1,600.1</td><td>20,810.8</td></tr><tr><td>May 24</td><td>Aug. 23</td><td>91</td><td>2,331.9</td><td>1,600.0</td><td>1,375.9</td><td>224.1</td><td>81.7</td><td>1,601.3</td><td>20,809.5</td></tr><tr><td>May 31</td><td>Aug. 30</td><td>91</td><td>2,604.9</td><td>1,600.1</td><td>1,388.2</td><td>211.8</td><td>118.3</td><td>1,604.4</td><td>20,805.1</td></tr><tr><td>June 7</td><td>Sep. 6</td><td>91</td><td>2,467.2</td><td>1,601.7</td><td>1,386.7</td><td>215.1</td><td>61.5</td><td>1,600.1</td><td>20,806.7</td></tr><tr><td>June 14</td><td>Sept. 13</td><td>91</td><td>2,536.0</td><td>1,601.5</td><td>1,353.4</td><td>248.1</td><td>39.5</td><td>1,600.2</td><td>20,808.1</td></tr><tr><td>June 21</td><td>Sept. 20</td><td>91</td><td>2,684.3</td><td>1,600.2</td><td>1,311.8</td><td>288.5</td><td>33.2</td><td>1,600.6</td><td>20,807.7</td></tr><tr><td>June 28</td><td>Sept. 27</td><td>91</td><td>2,318.4</td><td>1,600.8</td><td>1,363.1</td><td>237.7</td><td>90.1</td><td>1,600.4</td><td>20,808.1</td></tr><tr><td>July 5</td><td>Oct. 4</td><td>91</td><td>2,410.1</td><td>1,600.2</td><td>1,352.8</td><td>247.4</td><td>112.6</td><td>1,600.1</td><td>20,808.3</td></tr><tr><td>July 12 p</td><td>Oct. 11</td><td>91</td><td>2,687.8</td><td>1,601.1</td><td>1,306.5</td><td>294.6</td><td>74.5</td><td>1,601.2</td><td>20,808.1</td></tr><tr><td>July 19 p</td><td>Oct. 19</td><td>91</td><td>2,471.9</td><td>1,600.4</td><td>1,279.5</td><td>320.9</td><td>34.8</td><td>1,600.0</td><td>20,808.6</td></tr><tr><td>July 26 p</td><td>Oct. 25</td><td>91</td><td>2,342.2</td><td>1,599.8</td><td>1,320.5</td><td>279.4</td><td>26.7</td><td>1,601.5</td><td>20,806.9</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>1956-Feb. 2.</td><td>99.393</td><td>2.402</td><td>99.406 3/</td><td>2.350</td><td>99.387</td><td>2.425</td></tr><tr><td>Feb. 9.</td><td>99.426</td><td>2.271</td><td>99.429</td><td>2.259</td><td>99.424</td><td>2.279</td></tr><tr><td>Feb. 16.</td><td>99.396</td><td>2.388</td><td>99.443</td><td>2.204</td><td>99.392</td><td>2.405</td></tr><tr><td>Feb. 23.</td><td>99.386</td><td>2.430</td><td>99.403 4/</td><td>2.362</td><td>99.384</td><td>2.437</td></tr><tr><td>Mar. 1.</td><td>99.391</td><td>2.409</td><td>99.393 5/</td><td>2.401</td><td>99.390</td><td>2.413</td></tr><tr><td>Mar. 8.</td><td>99.451</td><td>2.173</td><td>99.464 6/</td><td>2.120</td><td>99.426</td><td>2.271</td></tr><tr><td>Mar. 15.</td><td>99.400</td><td>2.374</td><td>99.410 7/</td><td>2.334</td><td>99.394</td><td>2.397</td></tr><tr><td>Mar. 22.</td><td>99.388</td><td>2.422</td><td>99.415</td><td>2.314</td><td>99.386</td><td>2.429</td></tr><tr><td>Mar. 29.</td><td>99.451</td><td>2.173</td><td>99.457</td><td>2.148</td><td>99.448</td><td>2.184</td></tr><tr><td>Apr. 5.</td><td>99.394</td><td>2.397</td><td>99.401 8/</td><td>2.370</td><td>99.388</td><td>2.421</td></tr><tr><td>Apr. 12.</td><td>99.369</td><td>2.497</td><td>99.422</td><td>2.247</td><td>99.363</td><td>2.520</td></tr><tr><td>Apr. 19.</td><td>99.300</td><td>2.769</td><td>99.320 9/</td><td>2.690</td><td>99.290</td><td>2.809</td></tr><tr><td>Apr. 26.</td><td>99.295</td><td>2.788</td><td>99.300 10/</td><td>2.769</td><td>99.293</td><td>2.797</td></tr><tr><td>May 3.</td><td>99.307</td><td>2.741</td><td>99.317 11/</td><td>2.702</td><td>99.305</td><td>2.749</td></tr><tr><td>May 10.</td><td>99.362</td><td>2.524</td><td>99.366</td><td>2.508</td><td>99.360</td><td>2.532</td></tr><tr><td>May 17.</td><td>99.315</td><td>2.708</td><td>99.330 12/</td><td>2.651</td><td>99.312</td><td>2.722</td></tr><tr><td>May 24.</td><td>99.317</td><td>2.702</td><td>99.323</td><td>2.678</td><td>99.314</td><td>2.711</td></tr><tr><td>May 31.</td><td>99.350</td><td>2.573</td><td>99.352</td><td>2.564</td><td>99.348</td><td>2.579</td></tr><tr><td>June 7.</td><td>99.352</td><td>2.562</td><td>99.358</td><td>2.540</td><td>99.350</td><td>2.571</td></tr><tr><td>June 14.</td><td>99.348</td><td>2.581</td><td>99.368</td><td>2.500</td><td>99.346</td><td>2.587</td></tr><tr><td>June 21.</td><td>99.386</td><td>2.430</td><td>99.391</td><td>2.409</td><td>99.384</td><td>2.437</td></tr><tr><td>June 28.</td><td>99.359</td><td>2.535</td><td>99.390</td><td>2.413</td><td>99.355</td><td>2.552</td></tr><tr><td>July 5.</td><td>99.391</td><td>2.409</td><td>99.396</td><td>2.389</td><td>99.389</td><td>2.417</td></tr><tr><td>July 12 p.</td><td>99.397</td><td>2.386</td><td>99.410 13/</td><td>2.334</td><td>99.395</td><td>2.389</td></tr><tr><td>July 19 p.</td><td>99.435</td><td>2.236</td><td>99.441 14/</td><td>2.211</td><td>99.432</td><td>2.247</td></tr><tr><td>July 26 p.</td><td>99.418</td><td>2.303</td><td>99.440 15/</td><td>2.215</td><td>99.412</td><td>2.326</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 accepted competitive bids.
2/ Bank discount basis.
3/ Except $100,000 at 99.461.
4/ Except $100,000 at 99.925.
5/ Except $650,000 at 99.430, $800,000 at 99.429, $200,000 at 99.404, and $715,000 at 99.400.
6/ Except $300,000 at 99.487, $200,000 at 99.474, and $100,000 at 99.469.
7/ Except $1,000,000 at 99.469, $475,000 at 99.451, $1,400,000 at 99.450.
8/ $200,000 at 99.448, $100,000 at 99.445, and $200,000 at 99.431.
9/ Except $200,000 at 99.469, $300,000 at 99.457, $500,000 at 99.456.
$702,000 at 99.451, and $400,000 at 99.448.
2/ Except $300,000 at 99.405, $100,000 at 99.380, $350,000 at 99.375, $300,000 at 99.370, $300,000 at 99.369, and $50,000 at 99.368.
10/ Except $400,000 at 99.400 and $32,000 at 99.342.
11/ Except $700,000 at 99.325.
12/ Except $500,000 at 99.375, $200,000 at 99.368, $800,000 at 99.366, $175,000 at 99.365, $560,000 at 99.362, and $50,000 at 99.360.
13/ Except $125,000 at 99.485, and $150,000 at 99.423.
14/ Except $50,000 at 99.457, and $400,000 at 99.455.
15/ Except $250,000 at 99.475, and $300,000 at 99.469.
p Preliminary.
Treasury Bulletin
28
DEBT OPERATIONS
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date subscription books were opened</th><th>Date of issue</th><th>Description of security</th><th colspan="2">Period to -</th><th colspan="2">Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th>Allotment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>First call</th><th>Cash 1/</th><th>Exchange</th><th>For cash 1/</th><th>In exchange for other securities</th><th></th></tr><tr><td>6/16/52</td><td>7/1/52</td><td>1-7/8% Certificate - 6/15/58</td><td>5 yr</td><td>11 m</td><td>11,693</td><td>4,453</td><td>4,215</td><td>4,963</td><td>100</td></tr><tr><td>4/52</td><td>8/15/52</td><td>25% Certificate - 8/15/53-C 3/</td><td>1 yr</td><td>2 m</td><td>-</td><td>2,008 3/</td><td>-</td><td>2,008 3/</td><td>100</td></tr><tr><td>3/15/52</td><td>10/1/52</td><td>2-1/8% Note - 12/1/53-A</td><td>1 yr</td><td>-</td><td>-</td><td>10,542</td><td>-</td><td>10,542</td><td>100</td></tr><tr><td>11/17/52</td><td>10/1/52</td><td>1-1/2% Note - 10/1/57-50</td><td>5 yr</td><td>-</td><td>-</td><td>824 5/</td><td>-</td><td>824 5/</td><td>100</td></tr><tr><td></td><td>8/15/52</td><td>2% Certificate - 8/15/53-C 3/</td><td>1 yr</td><td>-</td><td>-</td><td>873 3/</td><td>-</td><td>873 3/</td><td>100</td></tr><tr><td>2/12/53</td><td>2/15/53</td><td>2-1/4% Certificate - 2/15/54-A</td><td>1 yr</td><td>10 m</td><td>-</td><td>9,114</td><td>-</td><td>8,114</td><td>100 7/</td></tr><tr><td></td><td>2/15/53</td><td>2-1/2% Bond - 12/15/58 6/</td><td>5 yr</td><td>-</td><td>-</td><td>520 6/</td><td>-</td><td>520 6/</td><td></td></tr><tr><td>4/13/53</td><td>4/1/53</td><td>1-1/2% Note - 4/1/58-5A</td><td>5 yr</td><td>-</td><td>-</td><td>383</td><td>-</td><td>383</td><td>100</td></tr><tr><td>5/20/53</td><td>5/1/53</td><td>3-1/4% Bond - 6/15/78-53</td><td>30 yr</td><td>1 m</td><td>25 yr 1 1/2 m</td><td>5,250</td><td>418 8/</td><td>1,188</td><td>418 8/</td><td>2/</td></tr><tr><td>7/1/53</td><td>7/15/53</td><td>2-1/2% Certificate - 3/22/54-C (tax ant. 10/)</td><td>1 yr</td><td>8 m</td><td>-</td><td>4,858</td><td>-</td><td>4,858</td><td>100</td></tr><tr><td>8/5/53</td><td>8/15/53</td><td>2-5/8% Certificate - 8/15/54-D</td><td>1 yr</td><td>-</td><td>-</td><td>2,788</td><td>-</td><td>2,788</td><td>100</td></tr><tr><td>2/2/53</td><td>9/15/53</td><td>2-5/8% Certificate - 9/15/51-E</td><td>1 yr</td><td>6 m</td><td>-</td><td>4,724</td><td>-</td><td>4,724</td><td>100 12/</td></tr><tr><td>10/1/53</td><td>10/1/53</td><td>2-7/8% Note - 3/15/57-A</td><td>3 yr</td><td>-</td><td>-</td><td>2,997</td><td>-</td><td>2,997</td><td></td></tr><tr><td>13/8/53</td><td>11/9/53</td><td>1-1/2% Note - 10/1/58-50</td><td>5 yr</td><td>-</td><td>-</td><td>121</td><td>-</td><td>121</td><td>100</td></tr><tr><td>11/13/53</td><td>12/1/53</td><td>2-3/4% Bond - 9/15/61</td><td>7 yr</td><td>10 m</td><td>12,543</td><td>-</td><td>2,239</td><td>-</td><td>13/</td></tr><tr><td>2/15/54</td><td>2/15/54</td><td>1-7/8% Note - 12/15/54-B</td><td>1 yr</td><td>1/2 m</td><td>-</td><td>8,175</td><td>-</td><td>8,175</td><td>100 11/</td></tr><tr><td>1/15/54</td><td>2/15/54</td><td>1-5/8% Certificate - 2/15/55-A</td><td>1 yr</td><td>9 m</td><td>-</td><td>7,007</td><td>-</td><td>7,007</td><td>100 15/</td></tr><tr><td>4/1/54</td><td>4/1/54</td><td>2-1/2% Bond - 11/15/61</td><td>7 yr</td><td>-</td><td>-</td><td>11,177</td><td>-</td><td>11,177</td><td></td></tr><tr><td>5/17/54</td><td>5/17/54</td><td>1-1/2% Note - 4/1/59-5A</td><td>5 yr</td><td>2 m</td><td>-</td><td>119</td><td>-</td><td>119</td><td>100</td></tr><tr><td>5/15/54</td><td>5/17/54</td><td>1-7/8% Note - 5/15/55-A</td><td>4 yr</td><td>2 m</td><td>9,750</td><td>-</td><td>2,205</td><td>-</td><td>16/</td></tr><tr><td>8/2/54</td><td>8/2/54</td><td>1-1/8% Certificate - 3/22/55-C (tax ant. 18/)</td><td>1 yr</td><td>7 1/2 m</td><td>-</td><td>2,897</td><td>-</td><td>2,897</td><td>100 17/</td></tr><tr><td>3/15/54</td><td>4/15/54</td><td>1-1/8% Certificate - 9/15/55-D 20/</td><td>1 yr</td><td>3 m</td><td>-</td><td>3,558 20/</td><td>-</td><td>3,558 20/</td><td>100 21/</td></tr><tr><td>10/4/54</td><td>10/4/54</td><td>2-1/8% Bond - 11/15/60</td><td>6 yr</td><td>3 m</td><td>-</td><td>3,806</td><td>-</td><td>3,806</td><td></td></tr><tr><td>11/3/54</td><td>10/1/54</td><td>1-5/8% Note - 5/15/57-B</td><td>2 yr</td><td>7 1/2 m</td><td>8,190</td><td>-</td><td>4,155</td><td>-</td><td>22/</td></tr><tr><td>8/15/54</td><td>8/15/54</td><td>1-1/2% Note - 10/1/59-5B</td><td>5 yr</td><td>-</td><td>-</td><td>99</td><td>-</td><td>99</td><td>100</td></tr><tr><td>11/22/54</td><td>12/15/54</td><td>1-1/8% Certificate - 8/15/55-D 20/</td><td>1 yr</td><td>1 m</td><td>-</td><td>4,919 20/</td><td>-</td><td>4,919 20/</td><td>100 23/</td></tr><tr><td>2/15/55</td><td>2/15/55</td><td>1-1/4% Certificate - 12/15/55-E</td><td>1 yr</td><td>8 m</td><td>-</td><td>5,359</td><td>-</td><td>5,359</td><td></td></tr><tr><td>1/1/55</td><td>1/15/55</td><td>2% Note - 3/15/56-A</td><td>1 yr</td><td>1 m</td><td>-</td><td>8,472</td><td>-</td><td>8,472</td><td>100 25/</td></tr><tr><td>3/1/55</td><td>4/1/55</td><td>3% Bond - 2/15/95 24/</td><td>40 yr</td><td>6 m</td><td>-</td><td>3,792</td><td>-</td><td>3,792</td><td>1,924 24/</td></tr><tr><td>4/1/55</td><td>4/1/55</td><td>1-3/3% Certificate - 6/22/55-F (tax ant. 26/)</td><td>2 1/2 m</td><td>-</td><td>7,936</td><td>-</td><td>3,210</td><td>-</td><td>19/</td></tr><tr><td>1/15/55</td><td>1/15/55</td><td>1-1/2% Note - 4/1/60-5A</td><td>5 yr</td><td>3 m</td><td>-</td><td>198</td><td>-</td><td>198</td><td>100</td></tr><tr><td>7/1/55</td><td>7/18/55</td><td>2% Note - 8/15/56-B 27/</td><td>1 yr</td><td>8 m</td><td>3,989</td><td>3,174 27/</td><td>2,512</td><td>3,174 27/</td><td>28/</td></tr><tr><td>11/1/55</td><td>11/1/55</td><td>1-7/8% Certificate - 3/22/55-A (tax ant. 27/)</td><td>1 yr</td><td>8 m</td><td>10,620</td><td>-</td><td>2,202</td><td>-</td><td>30/</td></tr><tr><td>8/1/55</td><td>8/1/55</td><td>3% Bond - 2/15/95 24/</td><td>40 yr</td><td>10 1/2 m</td><td>1,720 24/</td><td>-</td><td>801 24/</td><td>-</td><td>31/</td></tr><tr><td>1/1/55</td><td>1/1/55</td><td>2% Note - 8/15/54-B 27/ (tax ant. 12/)</td><td>1 yr</td><td>3 m</td><td>-</td><td>1,146</td><td>-</td><td>1,146</td><td>100 11/</td></tr><tr><td>1/1/55</td><td>1/1/55</td><td>2-1/4% Certificate - 6/22/44-C (tax ant. 12/)</td><td>8 m</td><td>-</td><td>8,778</td><td>-</td><td>2,970</td><td>-</td><td>31/</td></tr><tr><td>1/1/55</td><td>1/1/55</td><td>1-1/2% Note - 10/1/60-5D</td><td>5 yr</td><td>-</td><td>-</td><td>278</td><td>-</td><td>278</td><td>100</td></tr><tr><td>12/1/55</td><td>12/1/55</td><td>2-5/8% Certificate - 12/1/58-1</td><td>1 yr</td><td>6 m</td><td>-</td><td>9,083</td><td>-</td><td>9,083</td><td>100 36/</td></tr><tr><td>1/15/56</td><td>1/15/56</td><td>2-7/8% Note - 6/15/57-A</td><td>2 yr</td><td>11 1/2 m</td><td>-</td><td>2,283 35/</td><td>-</td><td>2,283 35/</td><td></td></tr><tr><td>4/1/56</td><td>4/1/56</td><td>2-3/4% Note - 5/1/58-A 35/</td><td>2 yr</td><td>6 m</td><td>-</td><td>7,219</td><td>-</td><td>7,219</td><td>130 37/</td></tr><tr><td>1/1/56</td><td>1/1/56</td><td>1-1/2% Note - 4/1/61-5A</td><td>5 yr</td><td>-</td><td>-</td><td>2,109 35/</td><td>-</td><td>2,109 35/</td><td></td></tr><tr><td>1/1/56</td><td>1/1/56</td><td>3-1/4% Note - 1/1/57-D</td><td>1 yr</td><td>1/2 m</td><td>-</td><td>34</td><td>-</td><td>34</td><td>100</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>-</td><td>12,056 p</td><td>-</td><td>12,056 p</td><td>100</td></tr></table>
Form 1 of the Public Debt.
Footnotes in following page.
August 1956
29
DEBT OPERATIONS
Footnotes to Table 3
1/ Consists of all public cash subscriptions and subscriptions by United States Government investment accounts.
2/ 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.
3/ The 2% certificates dated August 15, 1952, were reopened with all certificates of the series identical in all respects, as an exchange offering for the 1-7/8% certificates which matured December 1, 1952. Total exchanges in the two offerings amounted to $2,882 million.
4/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951. For further information on the original offering see "Treasury Bulletin" for April 1951, page A-1. Amounts shown are as of July 31, 1956.
5/ Amount shown includes exchanges by Federal Reserve System Open Market Account amounting to $714 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% certificates which matured February 15, 1953, were offered a choice of exchanging the securities for either the one-year certificates or the five-year, ten-month bonds.
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 percent. Commercial banks' subscriptions were restricted to an amount not exceeding 5 percent 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 $118 million.
10/ Also designated tax anticipation certificates, acceptable 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 percent but in no case less than $100,000.
12/ Holders of the 2% bonds which matured September 15, 1953, were offered a choice of exchanging the securities for either the one-year certificates or the three-and-one-half-year notes.
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 on 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 twelve-and-one-half-month notes or the five-year, ten-month bonds.
15/ Holders of the 2-1/4% certificates which matured February 15, 1954, and the 1-3/8% notes maturing March 15, 1954, were offered a choice of exchanging the securities on February 15, 1954, for either the one-year certificates or the seven-year, nine-month bonds. In addition, holders of the 2% bonds maturing June 15, 1954, and two issues of 2-1/4% bonds called for redemption on June 15, 1954, were given an opportunity to exchange their holdings on February 15, 1954, for the 2-1/2% bonds.
16/ Subscriptions for amounts up to and including $10,000 were allotted in full. All other subscriptions were allotted 22 percent but in no case less than $10,000.
17/ Holders of the 2-5/8% certificates maturing June 1, 1954, were offered a choice of exchanging the securities on May 17, 1954, for either the one-year certificates or the four-year, nine-month notes.
18/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1955.
19/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 40 percent but in no case less than $50,000.
20/ The 1-1/8% certificates dated August 15, 1954, were reopened with all the certificates of the series identical in all respects, as an exchange offering for the 1-7/8% notes which matured December 15, 1954, the 2% bonds which matured December 15, 1954, and the 2% bonds
Which were called for redemption on December 15, 1954. Total exchanges in the two offerings amounted to $8,477 million.
21/ Holders of the 2-5/8% certificates, maturing August 15, 1954, and the 2-5/8% certificates, maturing September 15, 1954, were offered a choice of exchanging the securities on August 15, 1954, for either the one-year certificates or the six-year, three-month bonds.
22/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 50 percent but in no case less than $50,000.
23/ Holders of the 1-7/8% notes maturing December 15, 1954, the 2% bonds maturing December 15, 1954, and the 2% bonds called for redemption on December 15, 1954, were offered a choice of exchanging the securities for either the 1-1/8% certificates, the 1-1/4% certificates, or the 2-1/2% bonds.
24/ The 3% bonds dated February 15, 1955, were reopened with all the bonds of the series identical in all respects, as an additional cash offering on July 11, 1955. The total amount issued in the two operations was $2,745 million.
25/ Holders of the 1-5/8% certificates maturing February 15, 1955, and the 1-1/2% notes maturing March 15, 1955, were offered a choice of exchanging the securities on February 15, 1955, for either the one-year, one-month notes or the two-year, six-month notes. At the same time holders of the 2-7/8% bonds of 1955-60, called for redemption on March 15, 1955, were offered a choice of exchanging the securities on February 15, 1955, for either the one-year, one-month notes or the forty-year bonds.
26/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due June 15, 1955.
27/ The 2% notes dated May 17, 1955, were reopened with all the notes of the series identical in all respects, as an exchange offering for the 1-1/8% certificates maturing August 15, 1955. Total exchanges in the two offerings amounted to $10,015 million.
28/ Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no case less than $100,000.
29/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1956.
30/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case less than $100,000.
31/ Subscriptions from savings-type investors totaled $749 million and were allotted 65 percent. Subscriptions from all other investors totaled $970 million and were allotted 30 percent. Subscriptions for more than $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted not less than $25,000. In addition to the amount allotted to the public, $25 million of the bonds were allotted to Government investment accounts. Savings-type investors were given the privilege of deferring payment for the bonds, provided that not less than 25 percent of the bonds allotted were paid for by July 20, 1955, not less than 60 percent by September 1, 1955, and full payment by October 3, 1955.
32/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due June 15, 1956.
33/ Holders of the 1-1/8% certificates which matured August 15, 1955, were offered a choice of exchanging the securities on August 1, 1955, for either the ten-and-one-half-month certificates or the one-year, three-month notes.
34/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case less than $100,000.
35/ The 2-7/8% notes dated December 1, 1955, were reopened with all the notes of the series identical in all respects, as a partial exchange offering for the 1-5/8% notes maturing March 15, 1956. Total exchanges in the two offerings amounted to $4,392 million.
36/ Holders of the 1-1/4% certificates and 1-3/4% notes, both maturing December 15, 1955, were offered a choice of exchanging the securities on December 1, 1955, for either the one-year certificates or the two-and-one-half-year notes.
37/ Holders of the 1-5/8% notes maturing March 15, 1956, were offered a choice of exchanging the securities on March 5, 1956, for either the eleven-and-half-month certificates or the two-and-one-half-year notes. Holders of the 1-1/2% notes maturing April 1, 1956, were permitted to exchange their securities only for the certificates.
p Preliminary.
C2
Treasury Bulletin
DEBT OPERATIONS
Table 4.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness 1/
(In millions of dollars)
<table><tr><th rowspan="2">Date of financing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="3">U.S. Government investment accounts and Federal Reserve Banks</th><th colspan="5">Allotments by investor classes</th><th colspan="2">State and local governments 5/</th><th rowspan="2">Dealers and brokers 6/</th><th rowspan="2">All other 7/</th></tr><tr><th>For cash</th><th>In exchange for other securities</th><th>Commercial banks 2/</th><th>Individuals 3/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>Pension and retirement funds</th><th>Other funds</th></tr><tr><td>2/15/53</td><td>2-1/4% Cert. 2/15/54-A 2-1/2% Bond 12/15/58</td><td>-</td><td>8,114 620</td><td>3,698 3</td><td>2,279 444</td><td>187 6</td><td>150 9</td><td>55 20</td><td>1/ 1/</td><td>1/ 1/</td><td>230 13</td><td></td><td>152 100</td><td>1,363 25</td></tr><tr><td>5/1/53</td><td>3-1/4% Bond 6/15/78-83</td><td>1,188</td><td>418</td><td>118 1</td><td>131 1</td><td>261 287</td><td>98 19</td><td>99 13</td><td>1/ 1/</td><td>1/ 1/</td><td>75 12</td><td></td><td>158 *</td><td>248 85</td></tr><tr><td>6/1/53</td><td>2-5/8% Cert. 6/1/54-B</td><td>-</td><td>4,858</td><td>1,153</td><td>2,015</td><td>98</td><td>113</td><td>77</td><td>1/ 1/</td><td>1/ 1/</td><td>366</td><td></td><td>162</td><td>874</td></tr><tr><td>7/15/53</td><td>2-1/2% Cert. 3/22/54-C 8/</td><td>5,902</td><td>-</td><td>-</td><td>4,520</td><td>56</td><td>40</td><td>100</td><td>917</td><td>4</td><td>1</td><td>68</td><td>115</td><td>81</td></tr><tr><td>8/15/53</td><td>2-5/8% Cert. 8/15/54-D</td><td>-</td><td>2,788</td><td>175</td><td>1,329</td><td>117</td><td>82</td><td>27</td><td>411</td><td>48</td><td>2</td><td>156</td><td>79</td><td>362</td></tr><tr><td>9/15/53</td><td>2-5/8% Cert. 9/15/54-E 2-7/8% Note 3/15/57-A</td><td>-</td><td>4,724 2,997</td><td>863 -</td><td>1,279 2,276</td><td>100 42</td><td>131 140</td><td>96 86</td><td>654 155</td><td>50 3</td><td>6 2</td><td>279 40</td><td>219 188</td><td>1,041 65</td></tr><tr><td>11/9/53</td><td>2-3/4% Bond 9/15/61</td><td>2,239</td><td></td><td>50</td><td>1,296</td><td>127</td><td>190</td><td>165</td><td>93</td><td>49</td><td>19</td><td>16</td><td>170</td><td>64</td></tr><tr><td>12/1/53</td><td>1-7/8% Note 12/15/54-B 2-1/2% Bond 12/15/58 2/</td><td>-</td><td>8,175 1,748</td><td>6,997 5</td><td>360 1,174</td><td>112 43</td><td>12 61</td><td>2 52</td><td>339 110</td><td>1 13</td><td>1</td><td>100 26</td><td>42 169</td><td>209 94</td></tr><tr><td>2/1/54</td><td>1-5/8% Cert. 2/15/55-A 2-1/2% Bond 11/15/61</td><td>-</td><td>7,007 11,177</td><td>3,922 10</td><td>1,508 8,733</td><td>152 209</td><td>46 467</td><td>7 218</td><td>756 535</td><td>6 92</td><td>*</td><td>269 163</td><td>123 450</td><td>218 293</td></tr><tr><td>5/1/54</td><td>1-1/8% Note 2/15/59-A 1-1/8% Cert. 5/17/55-B 1%</td><td>2,205</td><td>2,897 3,886</td><td>26 -</td><td>1,138 1,982</td><td>175 41</td><td>146 74</td><td>139 23</td><td>216 247</td><td>36 20</td><td>*</td><td>37 1</td><td>219 276</td><td>73 130</td></tr><tr><td>8/2/54</td><td>1-1/8% Cert. 3/22/55-C 8/</td><td>3,734</td><td>-</td><td>1,686</td><td>986</td><td>68</td><td>28</td><td>4</td><td>558</td><td>6</td><td>-</td><td>294</td><td>76</td><td>180</td></tr><tr><td>8/1/54</td><td>1-1/8% Cert. 8/15/55-D 1-1/8% Bond 11/15/60</td><td>-</td><td>3,558 3,806</td><td>995 10</td><td>847 3,091</td><td>115 54</td><td>47 100</td><td>30 31</td><td>751 120</td><td>45 18</td><td>4 2</td><td>369 68</td><td>117 182</td><td>838 130</td></tr><tr><td>10/4/54</td><td>1-5/8% Note 5/15/57-B 1-1/8% Cert. 8/15/55-D 10/ 1-1/4% Cert. 12/15/55-E 1-1/2% Bond 8/15/63</td><td>4,155</td><td>4,919 5,359 6,755</td><td>12 4,763 2,520 -</td><td>2,718 1,299 5,503</td><td>141 9 103 144</td><td>98 1 41 226</td><td>70 * 14 142</td><td>497 30 662 152</td><td>69 13 5 37</td><td>2</td><td>87 6 * 11</td><td>344 6 120 240</td><td>117 34 284 144</td></tr><tr><td>12/1/54</td><td>1-5/8% Note 3/15/56-A 1% Note 8/15/57-C 1/2% Bond 2/15/95</td><td>-</td><td>8,472 3,792 1,924</td><td>4,012 1 1</td><td>2,385 2,704 1,190</td><td>112 69 70</td><td>63 123 130</td><td>15 43 44</td><td>1,065 329 84</td><td>36 3 10</td><td>*</td><td>308 128 23</td><td>256 232 354</td><td>220 160 17</td></tr><tr><td>2/1/55</td><td>1-3/8% Cert. 6/22/55-F 8/</td><td>3,210</td><td>-</td><td>1,914</td><td>24</td><td>39</td><td>4</td><td>1,009</td><td>1</td><td>55</td><td>135</td><td>29</td><td></td><td></td></tr><tr><td>4/1/55</td><td>1-3/8% Cert. 6/22/55-F 8/</td><td>2,532</td><td>3,174</td><td>1,686</td><td>1,747 614</td><td>36 53</td><td>10 19</td><td>4 6</td><td>545 355</td><td>2 22</td><td>4 * 203</td><td>62 82</td><td>101 134</td><td></td></tr><tr><td>5/17/55</td><td>1-7/8% Cert. 3/22/56-A 8/</td><td>2,202</td><td>-</td><td>-</td><td>1,047</td><td>37</td><td>17</td><td>1</td><td>988</td><td>1</td><td>1</td><td>45</td><td>36</td><td>28</td></tr><tr><td>7/20/55</td><td>3% Bond 2/15/95 11/</td><td>821</td><td>-</td><td>25</td><td>216</td><td>21</td><td>119</td><td>105</td><td>33</td><td>110</td><td>59</td><td>20</td><td>53</td><td>60</td></tr><tr><td>8/1/55</td><td>3% Cert. 6/22/56-B 8/ 2% Note 8/15/56-B 12/</td><td>-</td><td>1,486 6,841</td><td>-</td><td>387 400</td><td>29 61</td><td>21 32</td><td>10 9</td><td>666 205</td><td>5 31</td><td>2 3</td><td>96 151</td><td>222 7</td><td>48 185</td></tr><tr><td>10/11/55</td><td>2-1/4% Cert. 6/22/56-C 8/ 2-5/8% Cert. 12/1/56-D 2-7/8% Note 6/15/58-A</td><td>2,970</td><td>-</td><td>5,757 1</td><td>1,782 1,099</td><td>44 108 52</td><td>18 33 62</td><td>4 16 37</td><td>976 998 478</td><td>*</td><td>4 2 1</td><td>38 342 261</td><td>65 240 137</td><td>42 234 131</td></tr><tr><td>12/1/55</td><td>2-5/8% Cert. 2/15/57-A 2-7/8% Note 6/15/58-A 2/</td><td>-</td><td>9,083 2,283</td><td>5,028 1</td><td>570 903</td><td>69 35</td><td>21 32</td><td>6 34</td><td>852 548</td><td>26 13</td><td>1</td><td>319 - 195</td><td>39 191 140</td><td>288 191 140</td></tr><tr><td>3/5/56</td><td>2-3/4% Note 8/1/57-D</td><td>-</td><td>12,056 p</td><td>8,078</td><td>1,235</td><td>141</td><td>69</td><td>22</td><td>1,311</td><td>20</td><td>19</td><td>677</td><td>57</td><td>427</td></tr></table>
1/ Excludes the issuance of 1-1/2% Treasury notes available in exchange to holders of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-30.
2/ Includes trust companies and stock savings banks.
3/ Includes partnerships and personal trust accounts.
4/ Excludes banks and insurance companies.
5/ Consists of trust, sinking, and investment funds of State and local governments and their agencies.
6/ Includes savings and loan associations, nonprofit institutions, and investments of foreign balances and international accounts in this country. Also includes corporation and private pension and retirement funds prior to July 15, 1953, financing.
7/ Included in "All other."
8/ Also designated tax anticipation certificates.
9/ Additional offering of bonds issued February 15, 1953.
10/ Additional offering of certificates issued August 15, 1954.
11/ Additional offering of bonds issued February 15, 1955.
12/ Additional offering of notes issued May 17, 1955.
13/ Additional offering of notes issued December 1, 1955.
* Less than $500,000.
p Preliminary.
August 1956
31
DEBT OPERATIONS
Table 5.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date of refunding or retirement</th><th>Description</th><th>Issue date</th><th>Amount out- standing</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of ex- change offers</th><th>Description of new security offered</th></tr><tr><th></th><th></th><th></th><th></th><th>Cash retirement</th><th>Exchange security offered</th><th>Ex- changed</th><th>Turned in for cash 2/</th><th></th></tr><tr><td colspan="9">(In millions of dollars)</td></tr><tr><td>7/1/52<br>8/15/52</td><td>1-7/8% Certificate - 7/1/52-B<br>1-7/8% Certificate - 8/15/52-C<br>1-7/8% Certificate - 9/1/52-D<br>Total</td><td>8/1/51<br>9/15/51<br>10/1/51</td><td>5,216<br>583<br>1,832<br>2,416</td><td>-<br>-<br>-<br>-</td><td>5,216<br>583<br>1,832<br>2,416</td><td>4,953<br>434<br>1,575<br>2,008</td><td>253<br>150<br>258<br>407</td><td>1-7/8% Certificate - 6/1/53-B<br>2% Certificate - 8/15/53-C 3/</td></tr><tr><td>10/1/52<br>12/1/52<br>2/15/53</td><td>1-7/8% Certificate - 10/1/52-E<br>1-7/8% Certificate - 12/1/52-F<br>1-7/8% Certificate - 2/15/53-A</td><td>10/15/51<br>12/15/51<br>3/1/52</td><td>10,861<br>1,063<br>8,868</td><td>-<br>-<br>-</td><td>10,861<br>1,063<br>8,868</td><td>10,542<br>873<br>8,734</td><td>319<br>190<br>134</td><td>2-1/8% Note - 12/1/53-A<br>2% Certificate - 8/15/53-C 3/1<br>2-1/4% Certificate - 2/15/54-A<br>2-1/2% Bond - 12/15/58 1/</td></tr><tr><td>6/1/53<br>6/15/53</td><td>1-7/8% Certificate - 6/1/53-B<br>2% Bond - 6/15/53-55<br>Total</td><td>7/1/52<br>10/7/40</td><td>4,963<br>725<br>5,688</td><td>-<br>-<br>-</td><td>4,963<br>725<br>5,688</td><td>4,410<br>448<br>4,858</td><td>553<br>277<br>829</td><td>2-5/8% Certificate - 6/1/55-B</td></tr><tr><td>8/15/53<br>9/15/53</td><td>2% Certificate - 8/15/53-C<br>2% Bond - 9/15/51-53</td><td>8/15/52<br>9/15/43</td><td>2,882<br>7,986</td><td>-<br>-</td><td>2,882<br>7,986</td><td>2,788<br>7,721</td><td>93<br>266</td><td>2-5/8% Certificate - 8/15/54-D<br>2-5/8% Certificate - 9/15/54-E<br>2-7/8% 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>10,542</td><td>500 5/</td><td>10,042</td><td>9,923</td><td>118</td><td>1-7/8% Note - 12/15/54-B<br>2-1/2% Bond - 12/15/58 1/</td></tr><tr><td>2/15/54</td><td>2-1/4% Certificate - 2/15/54-A<br>1-3/8% Note - 3/15/54-A<br>2% Bond - 6/15/52-54<br>2-1/4% Bond - 6/15/52-55<br>2-1/4% Bond - 6/15/54-56<br>Total</td><td>2/15/53<br>12/15/49<br>6/26/44<br>2/25/42<br>7/22/40</td><td>8,114<br>4,675<br>5,825<br>1,501<br>681<br>29,796</td><td>-<br>-<br>-<br>-<br>-<br>-</td><td>8,114<br>4,675<br>5,825<br>1,501<br>681<br>29,796</td><td>5,647<br>1,360<br>4,083<br>1,128<br>369<br>18,184</td><td>108<br>78<br>1,743 6/3<br>373 6/3<br>311 6/3<br>2,612 6/</td><td>1-5/8% Certificate - 2/15/55-A<br>1-1/2% Bond - 11/15/61<br>1-5/8% Certificate - 2/15/55-A<br>2-1/2% Bond - 11/15/61<br>2-1/2% Bond - 11/15/61</td></tr><tr><td>3/22/54</td><td>2-1/2% Certificate - 3/22/54-C<br>2% Bond - 6/15/52-54<br>2-1/4% Bond - 6/15/52-55<br>2-1/4% Bond - 6/15/54-56</td><td>7/15/53<br>6/26/44<br>2/25/42<br>7/22/40</td><td>5,902<br>1,743<br>373<br>311</td><td>5,902 1/</td><td>-<br>1,743<br>373<br>311</td><td>-<br>1,505<br>322<br>273</td><td>238<br>51<br>38</td><td>7,007 of 1-5/8% Certificate 11,177 of 2-1/2% Bond</td></tr><tr><td>5/17/54</td><td>2-5/8% Certificate - 6/1/54-B<br>Total</td><td>6/1/53</td><td>4,858<br>7,285</td><td>-<br>-</td><td>4,858<br>7,285</td><td>1,786<br>6,783</td><td>175<br>502</td><td>1-1/8% Certificate - 5/17/55-B<br>1-1/8% Certificate - 5/17/55-B<br>2-7/8% Note - 2/15/59-A<br>3,886 of 1-1/8% Certificate 2,897 of 1-7/8% Note</td></tr><tr><td>8/15/54</td><td>2-5/8% Certificate - 8/15/54-D<br>2-5/8% Certificate - 9/15/54-E<br>Total</td><td>8/15/53<br>9/15/53</td><td>2,788<br>4,724<br>7,512</td><td>-<br>-<br>-</td><td>2,788<br>4,724<br>7,512</td><td>1,005<br>1,728<br>7,364</td><td>55<br>93<br>148</td><td>1-1/8% Certificate - 8/15/55-D<br>2-1/8% Bond - 11/15/60<br>1-1/8% Certificate - 8/15/55-D<br>2-1/8% Bond - 11/15/60<br>3,558 of 1-1/8% Certificate 31,806 of 2-1/8% Bond</td></tr><tr><td>12/15/54</td><td>1-7/8% Note - 12/15/54-B<br>2% Bond - 12/15/52-54<br>2% Bond - 12/15/51-55<br>Total</td><td>12/1/53<br>12/1/44<br>12/15/41</td><td>8,175<br>8,662<br>510<br>17,347</td><td>-<br>-<br>-<br>-</td><td>8,175<br>8,662<br>510<br>17,347</td><td>4,498<br>3,289<br>407<br>1,983<br>6,028<br>17,033</td><td>43<br>243<br>29<br>315</td><td>1-1/8% Certificate - 8/15/55-D<br>1-1/4% Certificate - 12/15/55-E<br>2-1/2% Bond - 8/15/63<br>1-1/8% Certificate - 8/15/55-D<br>1-1/4% Certificate - 12/15/55-E<br>2-1/2% Bond - 8/15/63<br>1-1/8% Certificate - 8/15/55-D<br>1-1/4% Certificate - 12/15/55-E<br>2-1/2% Bond - 8/15/63<br>4,919 of 1-1/8% Certificate 5,359 of 1-1/4% Certificate 6,755 of 2-1/2% Bond</td></tr></table>
(Continued on following page)
32
Treasury Bulletin
DEBT OPERATIONS
Table 5.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness - (Continued)
<table><tr><th>Date of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offered by Treasury</th><th colspan="2">Results of exchange offers</th><th>Description of new security offered</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash 2/</th><th></th></tr><tr><td>2/15/55</td><td>1-5/8% Certificate - 2/15/55-A</td><td>2/15/54</td><td>7,007</td><td>-</td><td>7,007</td><td>5,735 1,166</td><td>105</td><td>1-5/8% Note 2% - 3/15/56-A 8/15/57-C</td></tr><tr><td>2/15/55</td><td>1-1/2% Note - 3/15/55-A</td><td>3/15/50</td><td>5,365</td><td>-</td><td>5,365</td><td>2,414 2,926</td><td>326</td><td>1-5/8% Note 2% - 3/15/56-A 8/15/57-C</td></tr><tr><td>2/15/55</td><td>2-7/8% Bond - 3/15/55-60</td><td>3/15/35</td><td>2,611</td><td>-</td><td>2,611</td><td>323 1,924</td><td>364</td><td>1-5/8% Note 3% - 3/15/56-A 2/15/95</td></tr><tr><td></td><td>Total</td><td></td><td>14,983</td><td>-</td><td>14,983</td><td>14,188</td><td>795</td><td>8,472 of 1-5/8% Note 3,792 of 2% Note 1,924 of 3% Bond</td></tr><tr><td>3/22/55</td><td>1p Certificate - 3/22/55-C</td><td>8/2/54</td><td>3,734</td><td>3,734 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>5/17/55</td><td>1-1/8% Certificate - 5/17/55-B</td><td>5/17/54</td><td>3,886</td><td>-</td><td>3,886</td><td>3,174</td><td>712</td><td>2% Note - 8/15/56-B 10/</td></tr><tr><td>6/22/55</td><td>1-3/8% Certificate - 6/22/55-F</td><td>4/1/55</td><td>3,210</td><td>3,210 11/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/1/55</td><td>1-1/8% Certificate - 8/15/55-D</td><td>8/15/54</td><td>8,477</td><td>-</td><td>8,477</td><td>1,486 6,841</td><td>149</td><td>2% Certificate - 6/22/56-B 12/ 2% Note - 8/15/56-B 10/</td></tr><tr><td>12/1/55</td><td>1-1/4% Certificate - 12/15/55-E</td><td>12/15/54</td><td>5,359</td><td>-</td><td>5,359</td><td>4,158 814</td><td>387</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</td></tr><tr><td>12/1/55</td><td>1-3/4% Note - 12/15/55-B</td><td>12/15/50</td><td>6,854</td><td>-</td><td>6,854</td><td>4,925 1,469</td><td>460</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A 13/</td></tr><tr><td>12/1/55</td><td>Total</td><td></td><td>12,213</td><td>-</td><td>12,213</td><td>11,366</td><td>847</td><td>9,083 of 2-5/8% Certificate 2,283 of 2-7/8% Note</td></tr><tr><td>3/5/56</td><td>1-5/8% Note - 3/15/56-A</td><td>2/15/55</td><td>8,472</td><td>-</td><td>8,472</td><td>6,215 2,109</td><td>148</td><td>2-5/8% Certificate - 2/15/57-A 2-7/8% Note - 6/15/58-A 13/</td></tr><tr><td>3/5/56</td><td>1-1/2% Note - 4/1/56-BA</td><td>4/1/51</td><td>1,007</td><td>-</td><td>1,007</td><td>1,005</td><td>2</td><td>2-5/8% Certificate - 2/15/57-A</td></tr><tr><td>3/5/56</td><td>Total</td><td></td><td>9,479</td><td>-</td><td>9,479</td><td>9,328</td><td>151</td><td>7,219 of 2-5/8% Certificate 2,109 of 2-7/8% Note</td></tr><tr><td>3/22/56</td><td>1-7/8% Certificate - 3/22/56-A</td><td>7/18/55</td><td>2,202</td><td>2,202 14/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/56</td><td>2% Certificate - 6/22/56-B</td><td>8/1/55</td><td>1,486</td><td>1,486 15/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/56</td><td>2-1/4% Certificate - 6/22/56-C</td><td>10/11/55</td><td>2,970</td><td>2,970 15/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>7/16/56</td><td>2% Note - 8/15/56-B</td><td>5/17/55</td><td>12,547</td><td>159 16/</td><td>12,388</td><td>11,528 p</td><td>860 p</td><td>2-3/4% note - 8/1/57-D</td></tr><tr><td>7/16/56</td><td>1-1/2% Note - 10/1/56-8D</td><td>10/1/51</td><td>550</td><td>-</td><td>550</td><td>528 p</td><td>22 p</td><td></td></tr><tr><td>7/16/56</td><td>Total</td><td></td><td>13,097</td><td>159</td><td>12,938</td><td>12,056 p</td><td>882 p</td><td></td></tr></table>
Source: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
3/ The 2% certificates maturing August 15, 1953, were reopened for the December 1, 1952, refunding (see Table 3).
4/ The 2-1/2% bonds maturing December 15, 1958, were reopened for the December 1, 1953, refunding (see Table 3).
5/ On November 9, 1953, the Treasury purchased from the Federal Reserve System and retired $300 million of the 2-1/8% Treasury notes maturing December 1, 1953. For further detail see "Treasury Bulletin" for November 1953, page A-1.
6/ It had been announced the holders of these bonds would be given an opportunity to exchange them for another Treasury issue after February 15, 1954. This exchange offering was included in the refundings of May 17, 1954.
7/ Tax anticipation series; $2,669 million redeemed for taxes due March 15, 1954, and $3,233 million redeemed for cash.
8/ The 1-1/8% certificates maturing August 15, 1955, were reopened for the December 15, 1954, refunding (see Table 3).
9/ Tax anticipation series; $2,216 million redeemed for taxes due
19/ March 15, 1955, and $1,518 million redeemed for cash.
The 2% notes maturing August 15, 1956, were reopened for the August 1, 1955, refunding (see Table 3).
11/ Tax anticipation series; $1,917 million redeemed for taxes due June 15, 1955, and $1,293 million redeemed for cash.
12/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due June 15, 1956.
13/ The 2-7/8% notes maturing June 15, 1958, were reopened for the March 5, 1956, refunding (see Table 3).
14/ Tax anticipation series; $1,674 million redeemed for taxes due March 15, 1956, and $528 million redeemed for cash.
15/ Tax anticipation series; preliminary figures indicate that of the 2% certificates approximately $1,016 million were redeemed for taxes and $470 million for cash; and of the 2-1/4% certificates approximately $1,896 million were redeemed for taxes and $1,074 million for cash.
16/ During June 1956, $159,000,000 of 2% Treasury notes, maturing August 15, 1956, were purchased by the Treasury for account of the Sinking Fund and retired.
P Preliminary.
August 1956
33
UNITED STATES SAVINGS BONDS
United States savings bonds were first offered in March 1935 and began to mature in March 1945. Series A-D were sold between March 1935 and the end of April 1941, and Series E, F, and G were first offered in May 1941. When Series E began to mature on May 1, 1951, owners of the matured bonds were offered three options: To redeem the bonds in cash in accordance with the original terms; to retain them with an extended maturity of 10 years at specified rates of interest accrual; or to exchange them for Series G bonds. A number of changes became effective May 1, 1952. The principal ones were: The rate of interest accrual on Series E was increased, especially for the near term, with corresponding changes in extended Series E; and Series F and G were replaced by two new issues, Series J and K, also at higher interest rates. A new current-income bond, Series H, similar in interest return to Series E, was offered beginning June 1.
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 June 30, 1956
(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>Interest-bearing debt</th><th>Matured debt</th><th></th></tr><tr><td>Series A-D 1/</td><td>3,949</td><td>1,054</td><td>5,003</td><td>4,955</td><td>-</td><td>48</td><td>-</td></tr><tr><td>Series E and H</td><td>84,463</td><td>10,298</td><td>94,761</td><td>53,832 2/</td><td>40,929</td><td>-</td><td>56.81</td></tr><tr><td>Series F, G, J, and K</td><td>31,683 2/</td><td>937</td><td>32,619</td><td>15,739</td><td>16,568</td><td>312</td><td>29.00</td></tr><tr><td>Total A-K</td><td>120,095</td><td>12,289</td><td>132,384</td><td>74,527</td><td>57,497</td><td>360</td><td>-</td></tr></table>
Source: Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
28
<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 4/ 5/</th><th>Accrued discount 5/</th><th>Interest-bearing debt</th><th>Matured debt</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935-1948</td><td>75,838</td><td>3,054</td><td>78,891</td><td>25,559</td><td>24,846</td><td>713</td><td>53,274</td><td>59</td></tr><tr><td>1949</td><td>7,181</td><td>927</td><td>8,068</td><td>5,067</td><td>4,721</td><td>346</td><td>56,260</td><td>73</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>57,535</td><td>92</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>57,572</td><td>212</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>57,685</td><td>122</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>57,886</td><td>91</td></tr><tr><td>1954 6/</td><td>5,494</td><td>1,234</td><td>6,727</td><td>6,515</td><td>5,875</td><td>639</td><td>58,061</td><td>128</td></tr><tr><td>1955 6/</td><td>6,473</td><td>1,231</td><td>7,704</td><td>7,251</td><td>6,483</td><td>768</td><td>58,365</td><td>277</td></tr><tr><td>1956</td><td>5,846</td><td>1,214</td><td>7,060</td><td>7,846</td><td>7,026</td><td>820</td><td>57,497</td><td>360</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935-1948</td><td>79,770</td><td>3,505</td><td>83,274</td><td>28,077</td><td>27,216</td><td>862</td><td>55,051</td><td>146</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>56,707</td><td>203</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>58,019</td><td>229</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>57,587</td><td>152</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>57,940</td><td>106</td></tr><tr><td>1953</td><td>4,800</td><td>1,237</td><td>6,037</td><td>6,149</td><td>5,592</td><td>597</td><td>57,710</td><td>225</td></tr><tr><td>1954</td><td>6,173</td><td>1,236</td><td>7,409</td><td>6,985</td><td>6,348</td><td>637</td><td>57,672</td><td>686</td></tr><tr><td>1955</td><td>6,276</td><td>1,216</td><td>7,491</td><td>7,301</td><td>6,457</td><td>844</td><td>57,924</td><td>624</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>1955-July</td><td>494</td><td>124</td><td>618</td><td>589</td><td>532</td><td>57</td><td>58,407</td><td>265</td></tr><tr><td>August</td><td>487</td><td>86</td><td>574</td><td>543</td><td>480</td><td>63</td><td>58,450</td><td>253</td></tr><tr><td>September</td><td>462</td><td>88</td><td>551</td><td>722</td><td>659</td><td>63</td><td>58,290</td><td>242</td></tr><tr><td>October</td><td>451</td><td>85</td><td>536</td><td>574</td><td>505</td><td>69</td><td>58,261</td><td>232</td></tr><tr><td>November</td><td>438</td><td>95</td><td>533</td><td>526</td><td>465</td><td>60</td><td>58,279</td><td>222</td></tr><tr><td>December</td><td>466</td><td>127</td><td>593</td><td>545</td><td>486</td><td>59</td><td>57,924</td><td>624</td></tr><tr><td>1956-January</td><td>645</td><td>126</td><td>771</td><td>1,126</td><td>1,051</td><td>75</td><td>57,649</td><td>543</td></tr><tr><td>February</td><td>544</td><td>89</td><td>633</td><td>660</td><td>561</td><td>99</td><td>57,684</td><td>482</td></tr><tr><td>March</td><td>518</td><td>89</td><td>606</td><td>604</td><td>531</td><td>73</td><td>57,727</td><td>441</td></tr><tr><td>April</td><td>453</td><td>87</td><td>539</td><td>571</td><td>504</td><td>67</td><td>57,729</td><td>408</td></tr><tr><td>May</td><td>451</td><td>92</td><td>544</td><td>571</td><td>507</td><td>63</td><td>57,729</td><td>381</td></tr><tr><td>June</td><td>437</td><td>126</td><td>563</td><td>815</td><td>744</td><td>72</td><td>57,497</td><td>360</td></tr></table>
Source: Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table 4.
34
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Total</th><th>Redemptions 3/ Sales price 4/ 5/</th><th>Accrued discount 5/</th><th>Amount outstanding Interest-bearing debt</th><th>Amount outstanding Matured debt</th></tr><tr><td colspan="9">Series E and H combined</td></tr><tr><th>Fiscal years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1948</td><td>50,426</td><td>2,021</td><td>52,447</td><td>20,822</td><td>20,488</td><td>334</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>3,907</td><td>307</td><td>34,506</td><td>-</td></tr><tr><td>1952</td><td>3,296</td><td>1,111</td><td>4,407</td><td>4,008</td><td>3,583</td><td>425</td><td>34,905</td><td>-</td></tr><tr><td>1953</td><td>4,061</td><td>1,120</td><td>5,181</td><td>4,038</td><td>3,538</td><td>500</td><td>36,048</td><td>-</td></tr><tr><td>1954 6/</td><td>4,653</td><td>1,126</td><td>5,779</td><td>4,345</td><td>3,791</td><td>554</td><td>37,482</td><td>-</td></tr><tr><td>1955 8/</td><td>5,225</td><td>1,123</td><td>6,348</td><td>4,544</td><td>3,909</td><td>636</td><td>39,285</td><td>-</td></tr><tr><td>1956</td><td>5,260</td><td>1,114</td><td>6,374</td><td>4,730</td><td>4,072</td><td>658</td><td>40,929</td><td>-</td></tr><tr><th>Calendar years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1948</td><td>22,454</td><td>2,384</td><td>24,838</td><td>22,649</td><td>22,235</td><td>414</td><td>32,188</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>1953</td><td>4,368</td><td>1,128</td><td>5,496</td><td>4,157</td><td>3,625</td><td>531</td><td>36,663</td><td>-</td></tr><tr><td>1954</td><td>4,889</td><td>1,126</td><td>6,015</td><td>4,444</td><td>3,909</td><td>535</td><td>38,233</td><td>-</td></tr><tr><td>1955</td><td>5,368</td><td>1,113</td><td>6,481</td><td>4,652</td><td>3,949</td><td>702</td><td>40,063</td><td>-</td></tr><tr><th>Months:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>439</td><td>110</td><td>548</td><td>402</td><td>352</td><td>50</td><td>39,432</td><td>-</td></tr><tr><td>August</td><td>439</td><td>81</td><td>520</td><td>399</td><td>343</td><td>56</td><td>39,553</td><td>-</td></tr><tr><td>September</td><td>414</td><td>82</td><td>496</td><td>393</td><td>339</td><td>53</td><td>39,656</td><td>-</td></tr><tr><td>October</td><td>404</td><td>78</td><td>483</td><td>358</td><td>305</td><td>53</td><td>39,780</td><td>-</td></tr><tr><td>November</td><td>395</td><td>89</td><td>484</td><td>358</td><td>310</td><td>48</td><td>39,906</td><td>-</td></tr><tr><td>December</td><td>425</td><td>115</td><td>540</td><td>383</td><td>331</td><td>52</td><td>40,063</td><td>-</td></tr><tr><td>1956-January</td><td>572</td><td>111</td><td>684</td><td>450</td><td>395</td><td>55</td><td>40,296</td><td>-</td></tr><tr><td>February</td><td>476</td><td>84</td><td>560</td><td>368</td><td>303</td><td>65</td><td>40,188</td><td>-</td></tr><tr><td>March</td><td>465</td><td>84</td><td>549</td><td>400</td><td>343</td><td>57</td><td>40,637</td><td>-</td></tr><tr><td>April</td><td>414</td><td>81</td><td>494</td><td>402</td><td>345</td><td>57</td><td>40,729</td><td>-</td></tr><tr><td>May</td><td>418</td><td>86</td><td>505</td><td>412</td><td>355</td><td>57</td><td>40,822</td><td>-</td></tr><tr><td>June</td><td>398</td><td>114</td><td>512</td><td>405</td><td>351</td><td>54</td><td>40,929</td><td>-</td></tr></table>
Series F, G, J, and K combined
<table><tr><th>Fiscal years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1948</td><td>21,463</td><td>172</td><td>21,634</td><td>2,529</td><td>2,511</td><td>18</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>1,961</td><td>1,042</td><td>1,021</td><td>21</td><td>23,066</td><td>-</td></tr><tr><td>1952</td><td>629</td><td>96</td><td>726</td><td>1,012</td><td>990</td><td>21</td><td>22,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,552</td><td>1,511</td><td>41</td><td>21,837</td><td>-</td></tr><tr><td>1954 6/</td><td>841</td><td>108</td><td>949</td><td>2,152</td><td>2,071</td><td>81</td><td>20,579</td><td>55</td></tr><tr><td>1955 6/</td><td>1,249</td><td>108</td><td>1,357</td><td>2,692</td><td>2,564</td><td>128</td><td>19,080</td><td>219</td></tr><tr><td>1956</td><td>586</td><td>100</td><td>686</td><td>3,105</td><td>2,946</td><td>159</td><td>16,568</td><td>312</td></tr><tr><th>Calendar years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1948</td><td>23,367</td><td>207</td><td>23,574</td><td>2,961</td><td>2,937</td><td>24</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>23,089</td><td>-</td></tr><tr><td>1951</td><td>770</td><td>93</td><td>863</td><td>1,093</td><td>1,071</td><td>22</td><td>22,899</td><td>-</td></tr><tr><td>1952</td><td>586</td><td>100</td><td>686</td><td>929</td><td>908</td><td>21</td><td>22,616</td><td>-</td></tr><tr><td>1953</td><td>432</td><td>109</td><td>542</td><td>1,968</td><td>1,909</td><td>59</td><td>21,047</td><td>143</td></tr><tr><td>1954</td><td>1,284</td><td>110</td><td>1,394</td><td>2,526</td><td>2,428</td><td>98</td><td>19,439</td><td>619</td></tr><tr><td>1955</td><td>907</td><td>103</td><td>1,010</td><td>2,636</td><td>2,498</td><td>138</td><td>17,861</td><td>571</td></tr><tr><th>Months:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>55</td><td>15</td><td>70</td><td>186</td><td>180</td><td>7</td><td>18,975</td><td>207</td></tr><tr><td>August</td><td>48</td><td>6</td><td>54</td><td>143</td><td>136</td><td>7</td><td>18,897</td><td>196</td></tr><tr><td>September</td><td>48</td><td>7</td><td>55</td><td>328</td><td>319</td><td>9</td><td>18,635</td><td>186</td></tr><tr><td>October</td><td>47</td><td>6</td><td>53</td><td>216</td><td>200</td><td>16</td><td>18,481</td><td>177</td></tr><tr><td>November</td><td>43</td><td>6</td><td>49</td><td>166</td><td>155</td><td>12</td><td>18,373</td><td>168</td></tr><tr><td>December</td><td>41</td><td>12</td><td>53</td><td>161</td><td>154</td><td>7</td><td>17,861</td><td>571</td></tr><tr><td>1956-January</td><td>72</td><td>15</td><td>87</td><td>675</td><td>655</td><td>20</td><td>17,353</td><td>491</td></tr><tr><td>February</td><td>68</td><td>6</td><td>74</td><td>290</td><td>257</td><td>33</td><td>17,197</td><td>430</td></tr><tr><td>March</td><td>53</td><td>4</td><td>57</td><td>203</td><td>188</td><td>15</td><td>17,091</td><td>391</td></tr><tr><td>April</td><td>39</td><td>6</td><td>45</td><td>168</td><td>158</td><td>9</td><td>17,000</td><td>358</td></tr><tr><td>May</td><td>33</td><td>6</td><td>39</td><td>158</td><td>152</td><td>6</td><td>16,907</td><td>333</td></tr><tr><td>June</td><td>39</td><td>12</td><td>51</td><td>410</td><td>392</td><td>18</td><td>16,568</td><td>312</td></tr></table>
Footnote at end of Table 4.
(Continued on following page)
August 1956
35
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued) (In millions of dollars)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 2/3/</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 4/5/</th><th>Accrued discount 2/</th><th></th></tr><tr><td colspan="8">Series E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1948</td><td>50,426</td><td>2,021</td><td>52,447</td><td>20,822</td><td>20,488</td><td>334</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>3,265</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>3,532</td><td>500</td><td>35,664</td></tr><tr><td>1954</td><td>3,988</td><td>1,126</td><td>5,114</td><td>4,319</td><td>3,765</td><td>554</td><td>36,458</td></tr><tr><td>1955</td><td>4,095</td><td>1,123</td><td>5,218</td><td>4,490</td><td>3,854</td><td>636</td><td>37,186</td></tr><tr><td>1956</td><td>4,219</td><td>1,114</td><td>5,333</td><td>4,622</td><td>3,964</td><td>658</td><td>37,898</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1948</td><td>52,454</td><td>2,384</td><td>54,838</td><td>22,649</td><td>22,235</td><td>414</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>1953</td><td>3,906</td><td>1,128</td><td>5,034</td><td>4,141</td><td>3,609</td><td>531</td><td>36,036</td></tr><tr><td>1954</td><td>4,023</td><td>1,126</td><td>5,149</td><td>4,406</td><td>3,871</td><td>535</td><td>36,778</td></tr><tr><td>1955</td><td>4,192</td><td>1,113</td><td>5,304</td><td>4,572</td><td>3,870</td><td>702</td><td>37,510</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>335</td><td>110</td><td>445</td><td>395</td><td>345</td><td>50</td><td>37,236</td></tr><tr><td>August</td><td>353</td><td>81</td><td>434</td><td>391</td><td>335</td><td>56</td><td>37,279</td></tr><tr><td>September</td><td>331</td><td>82</td><td>413</td><td>385</td><td>331</td><td>53</td><td>37,307</td></tr><tr><td>October</td><td>321</td><td>78</td><td>399</td><td>350</td><td>296</td><td>53</td><td>37,357</td></tr><tr><td>November</td><td>320</td><td>89</td><td>409</td><td>350</td><td>302</td><td>48</td><td>37,415</td></tr><tr><td>December</td><td>355</td><td>115</td><td>469</td><td>375</td><td>323</td><td>52</td><td>37,510</td></tr><tr><td>1956-January</td><td>437</td><td>111</td><td>548</td><td>441</td><td>387</td><td>55</td><td>37,617</td></tr><tr><td>February</td><td>376</td><td>84</td><td>460</td><td>360</td><td>295</td><td>65</td><td>37,717</td></tr><tr><td>March</td><td>372</td><td>84</td><td>457</td><td>388</td><td>331</td><td>57</td><td>37,786</td></tr><tr><td>April</td><td>342</td><td>81</td><td>422</td><td>392</td><td>335</td><td>57</td><td>37,816</td></tr><tr><td>May</td><td>351</td><td>86</td><td>437</td><td>402</td><td>345</td><td>57</td><td>37,851</td></tr><tr><td>June</td><td>325</td><td>114</td><td>439</td><td>392</td><td>338</td><td>54</td><td>37,898</td></tr></table>
<table><tr><th colspan="7">Series H 7/</th></tr><tr><td>Fiscal years:</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>30</td></tr><tr><td>1953</td><td>360</td><td>-</td><td>360</td><td>6</td><td>6</td><td>385</td></tr><tr><td>1954</td><td>665</td><td>-</td><td>665</td><td>26</td><td>26</td><td>1,024</td></tr><tr><td>1955</td><td>1,130</td><td>-</td><td>1,130</td><td>55</td><td>55</td><td>2,099</td></tr><tr><td>1956</td><td>1,041</td><td>-</td><td>1,041</td><td>108</td><td>108</td><td>3,031</td></tr><tr><td>Calendar years:</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>181</td></tr><tr><td>1953</td><td>462</td><td>-</td><td>462</td><td>16</td><td>16</td><td>627</td></tr><tr><td>1954</td><td>866</td><td>-</td><td>866</td><td>38</td><td>38</td><td>1,455</td></tr><tr><td>1955</td><td>1,177</td><td>-</td><td>1,177</td><td>79</td><td>79</td><td>2,553</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>103</td><td>-</td><td>103</td><td>7</td><td>7</td><td>2,195</td></tr><tr><td>August</td><td>87</td><td>-</td><td>87</td><td>8</td><td>8</td><td>2,274</td></tr><tr><td>September</td><td>83</td><td>-</td><td>83</td><td>8</td><td>8</td><td>2,349</td></tr><tr><td>October</td><td>83</td><td>-</td><td>83</td><td>8</td><td>8</td><td>2,424</td></tr><tr><td>November</td><td>75</td><td>-</td><td>75</td><td>8</td><td>8</td><td>2,490</td></tr><tr><td>December</td><td>71</td><td>-</td><td>71</td><td>8</td><td>8</td><td>2,553</td></tr><tr><td>1956-January</td><td>135</td><td>-</td><td>135</td><td>9</td><td>9</td><td>2,679</td></tr><tr><td>February</td><td>100</td><td>-</td><td>100</td><td>8</td><td>8</td><td>2,771</td></tr><tr><td>March</td><td>92</td><td>-</td><td>92</td><td>12</td><td>12</td><td>2,851</td></tr><tr><td>April</td><td>72</td><td>-</td><td>72</td><td>10</td><td>10</td><td>2,913</td></tr><tr><td>May</td><td>68</td><td>-</td><td>68</td><td>10</td><td>10</td><td>2,971</td></tr><tr><td>June</td><td>73</td><td>-</td><td>73</td><td>12</td><td>12</td><td>3,031</td></tr></table>
Source: Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table 4.
36
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th>Period 8/</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 5/</th><th>Series A-D</th><th colspan="3">Series E</th><th>Series F and G</th><th>Total unmatured 4/ 5/</th><th>Sales price 4/</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 C and K</th><th></th><th></th><th></th><th></th></tr><tr><td>1951</td><td>6,137</td><td>817</td><td>779</td><td>38</td><td>37</td><td>1</td><td>-</td><td>5,320</td><td>4,996</td><td>324</td></tr><tr><td>1952</td><td>5,109</td><td>792</td><td>90</td><td>702</td><td>694</td><td>9</td><td>-</td><td>4,317</td><td>4,046</td><td>271</td></tr><tr><td>1953</td><td>5,621</td><td>1,761</td><td>31</td><td>1,128</td><td>1,126</td><td>2</td><td>602 9/</td><td>3,660</td><td>3,622</td><td>238</td></tr><tr><td>1954</td><td>6,515</td><td>2,747</td><td>18</td><td>1,487</td><td>1,486</td><td>1</td><td>1,241 9/</td><td>3,768</td><td>3,577</td><td>191</td></tr><tr><td>1955</td><td>7,251</td><td>3,941</td><td>14</td><td>1,886</td><td>1,885</td><td>1</td><td>2,101</td><td>3,310</td><td>3,142</td><td>168</td></tr><tr><td>1956</td><td>7,846</td><td>4,263</td><td>11</td><td>1,917</td><td>1,917</td><td>1</td><td>2,335</td><td>3,583</td><td>3,439</td><td>144</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>518</td><td>254</td><td>249</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>958</td><td>962</td><td>6</td><td>-</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><td>1953</td><td>6,149</td><td>2,318</td><td>24</td><td>1,328</td><td>1,326</td><td>2</td><td>967 9/</td><td>3,831</td><td>3,613</td><td>217</td></tr><tr><td>1954</td><td>6,985</td><td>3,171</td><td>14</td><td>1,500</td><td>1,499</td><td>1</td><td>1,657</td><td>3,814</td><td>3,655</td><td>159</td></tr><tr><td>1955</td><td>7,301</td><td>4,230</td><td>13</td><td>2,047</td><td>2,047</td><td>1</td><td>2,169</td><td>3,071</td><td>2,904</td><td>167</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>1955-July</td><td>589</td><td>254</td><td>1</td><td>150</td><td>150</td><td>*</td><td>104</td><td>334</td><td>324</td><td>11</td></tr><tr><td>August</td><td>543</td><td>274</td><td>1</td><td>166</td><td>155</td><td>*</td><td>108</td><td>268</td><td>256</td><td>12</td></tr><tr><td>September</td><td>722</td><td>307</td><td>1</td><td>153</td><td>153</td><td>*</td><td>153</td><td>415</td><td>402</td><td>13</td></tr><tr><td>October</td><td>574</td><td>380</td><td>1</td><td>154</td><td>153</td><td>*</td><td>226</td><td>194</td><td>182</td><td>12</td></tr><tr><td>November</td><td>526</td><td>288</td><td>1</td><td>140</td><td>140</td><td>*</td><td>147</td><td>238</td><td>227</td><td>11</td></tr><tr><td>December</td><td>545</td><td>265</td><td>1</td><td>153</td><td>153</td><td>*</td><td>110</td><td>280</td><td>269</td><td>11</td></tr><tr><td>1956-January</td><td>1,126</td><td>526</td><td>1</td><td>165</td><td>165</td><td>*</td><td>361</td><td>600</td><td>589</td><td>11</td></tr><tr><td>February</td><td>660</td><td>611</td><td>1</td><td>196</td><td>196</td><td>*</td><td>414</td><td>49</td><td>37</td><td>12</td></tr><tr><td>March</td><td>604</td><td>393</td><td>1</td><td>165</td><td>165</td><td>*</td><td>227</td><td>211</td><td>198</td><td>13</td></tr><tr><td>April</td><td>571</td><td>307</td><td>1</td><td>165</td><td>165</td><td>*</td><td>141</td><td>264</td><td>251</td><td>13</td></tr><tr><td>MAY</td><td>571</td><td>275</td><td>1</td><td>160</td><td>160</td><td>*</td><td>115</td><td>296</td><td>283</td><td>12</td></tr><tr><td>June</td><td>815</td><td>381</td><td>1</td><td>152</td><td>152</td><td>*</td><td>229</td><td>434</td><td>422</td><td>13</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 O bonds beginning May 1951 and for Series K bonds beginning May 1952.
3/ Includes both matured and unmatured bonds; see Table 4.
4/ Includes total value of redemptions not yet classified between matured and unmatured bonds.
5/ A change in procedure, beginning in June 1954, for processing redeemed savings bonds has resulted in a high level of redemptions not yet classified between matured and unmatured bonds. This increases temporarily obscures the relationship between the redemption columns showing sales price and accrued discount in Tables 2 through 4 and also the relationship between the matured and unmatured sections of Table 4. (See also footnote 4.) The subsequent distribution of this
high level of unclassified redemptions may be large enough in any month to show redemptions of matured bonds for a series in Table 4 which are greater than the total redemptions of that series as shown in Table 3, and to show a negative in the unmaturing section of Table 4. 6/ Reductions were made in issues and redemptions of Series E, E, F, G, J, and K in July 1954 to compensate for the erroneous inclusion of reissue transactions in June 1954 as reported in the daily Treasury statement. The amounts involved were as follows: $18 million for issues of Series E and H and $17 million for issues of Series F, G, J, and K; and $35 million for unclassified retirements. Sales began June 1, 1952. 7/ Comparable data are not available prior to January 1950. 8/ Includes exchanges of Series 1941 F and G savings bonds for Treasury 3-1/4% bonds of 1978-83. Less than $500,000.
August 1956
37
UNITED STATES SAVINGS BONDS
Table 5.- Sales and Redemptions by Denominations, Series E and H½ Combined
(In thousands of pieces)
<table><tr><th>Period</th><th>Total, all denominations</th><th>$10 2/</th><th>$25</th><th>$50</th><th>$100</th><th>$200 3/</th><th>$500</th><th>$1,000</th><th>$5,000</th><th>$10,000 4/5/</th></tr><tr><td colspan="11">Fiscal years:</td></tr><tr><td>1941-1947</td><td>1,119,078</td><td>19,883</td><td>761,680</td><td>163,254</td><td>123,264</td><td>2,111</td><td>15,463</td><td>13,484</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>58,971</td><td>522</td><td>36,146</td><td>9,901</td><td>7,777</td><td>816</td><td>1,571</td><td>2,238</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>64,576</td><td>394</td><td>39,400</td><td>11,425</td><td>8,550</td><td>916</td><td>1,569</td><td>2,322</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>64,304</td><td>335</td><td>39,150</td><td>11,841</td><td>8,654</td><td>917</td><td>1,413</td><td>1,995</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>64,299</td><td>1</td><td>41,751</td><td>11,786</td><td>7,649</td><td>786</td><td>1,036</td><td>1,290</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>74,136</td><td>*</td><td>50,701</td><td>13,129</td><td>7,559</td><td>720</td><td>948</td><td>1,076</td><td>1</td><td>*</td></tr><tr><td>1953</td><td>80,485</td><td>-</td><td>54,380</td><td>14,372</td><td>8,211</td><td>794</td><td>1,243</td><td>1,462</td><td>16</td><td>7</td></tr><tr><td>1954 6/</td><td>85,419</td><td>-</td><td>56,903</td><td>15,686</td><td>8,810</td><td>854</td><td>1,411</td><td>1,708</td><td>33</td><td>14</td></tr><tr><td>1955 6/</td><td>85,342</td><td>-</td><td>55,164</td><td>16,374</td><td>9,315</td><td>884</td><td>1,578</td><td>1,945</td><td>56</td><td>26</td></tr><tr><td>1956 p.</td><td>90,053</td><td>-</td><td>56,719</td><td>18,784</td><td>10,090</td><td>929</td><td>1,608</td><td>1,854</td><td>48</td><td>21</td></tr><tr><td colspan="11">Calendar years:</td></tr><tr><td>1941-47</td><td>1,148,194</td><td>20,128</td><td>799,913</td><td>168,088</td><td>126,974</td><td>2,490</td><td>16,185</td><td>14,416</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>61,813</td><td>435</td><td>37,659</td><td>10,640</td><td>8,246</td><td>879</td><td>1,603</td><td>2,336</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>65,118</td><td>371</td><td>39,572</td><td>11,825</td><td>8,688</td><td>933</td><td>1,514</td><td>2,213</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>62,929</td><td>141</td><td>39,050</td><td>11,660</td><td>8,253</td><td>865</td><td>1,257</td><td>1,703</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>68,069</td><td>1</td><td>45,661</td><td>12,148</td><td>7,430</td><td>738</td><td>952</td><td>1,139</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>77,271</td><td>-</td><td>52,808</td><td>13,773</td><td>7,721</td><td>726</td><td>1,042</td><td>1,191</td><td>8</td><td>3</td></tr><tr><td>1953</td><td>84,390</td><td>-</td><td>56,743</td><td>15,235</td><td>8,606</td><td>843</td><td>1,342</td><td>1,590</td><td>22</td><td>9</td></tr><tr><td>1954</td><td>84,972</td><td>-</td><td>55,850</td><td>15,912</td><td>9,006</td><td>862</td><td>1,470</td><td>1,809</td><td>44</td><td>19</td></tr><tr><td>1955</td><td>87,316</td><td>-</td><td>55,618</td><td>17,323</td><td>9,748</td><td>916</td><td>1,648</td><td>1,980</td><td>56</td><td>25</td></tr><tr><td colspan="11">Months:</td></tr><tr><td>1955-July</td><td>6,950</td><td>-</td><td>4,397</td><td>1,390</td><td>778</td><td>77</td><td>140</td><td>162</td><td>5</td><td>2</td></tr><tr><td>August</td><td>7,263</td><td>-</td><td>4,621</td><td>1,418</td><td>837</td><td>78</td><td>142</td><td>163</td><td>4</td><td>2</td></tr><tr><td>September</td><td>7,242</td><td>-</td><td>4,565</td><td>1,519</td><td>813</td><td>73</td><td>126</td><td>141</td><td>4</td><td>1</td></tr><tr><td>October</td><td>7,047</td><td>-</td><td>4,475</td><td>1,435</td><td>795</td><td>74</td><td>125</td><td>137</td><td>4</td><td>1</td></tr><tr><td>November</td><td>6,977</td><td>-</td><td>4,409</td><td>1,441</td><td>792</td><td>73</td><td>122</td><td>134</td><td>3</td><td>1</td></tr><tr><td>December</td><td>7,984</td><td>-</td><td>5,132</td><td>1,634</td><td>870</td><td>79</td><td>127</td><td>138</td><td>3</td><td>1</td></tr><tr><td>1956-January</td><td>8,502</td><td>-</td><td>5,230</td><td>1,787</td><td>975</td><td>94</td><td>179</td><td>228</td><td>6</td><td>3</td></tr><tr><td>February</td><td>7,216</td><td>-</td><td>4,472</td><td>1,481</td><td>836</td><td>78</td><td>149</td><td>191</td><td>5</td><td>3</td></tr><tr><td>March</td><td>7,857</td><td>-</td><td>4,876</td><td>1,713</td><td>877</td><td>80</td><td>138</td><td>168</td><td>4</td><td>2</td></tr><tr><td>April</td><td>7,533</td><td>-</td><td>4,713</td><td>1,649</td><td>834</td><td>74</td><td>121</td><td>137</td><td>3</td><td>1</td></tr><tr><td>May p.</td><td>8,037</td><td>-</td><td>5,147</td><td>1,695</td><td>862</td><td>76</td><td>121</td><td>131</td><td>3</td><td>1</td></tr><tr><td>June p.</td><td>7,445</td><td>-</td><td>4,681</td><td>1,621</td><td>822</td><td>74</td><td>118</td><td>125</td><td>3</td><td>1</td></tr><tr><td>Inception to date p.</td><td>1,786,661</td><td>21,076</td><td>1,211,994</td><td>286,552</td><td>199,879</td><td>9,726</td><td>27,839</td><td>29,373</td><td>154</td><td>68</td></tr><tr><td colspan="11">Redemptions 1/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-47</td><td>558,470</td><td>11,674</td><td>432,866</td><td>71,680</td><td>36,119</td><td>265</td><td>3,308</td><td>2,557</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>93,438</td><td>2,052</td><td>65,331</td><td>14,302</td><td>9,387</td><td>246</td><td>1,115</td><td>1,004</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>79,646</td><td>1,369</td><td>54,809</td><td>12,623</td><td>8,450</td><td>284</td><td>1,077</td><td>1,035</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>76,109</td><td>1,017</td><td>52,101</td><td>12,346</td><td>8,155</td><td>334</td><td>1,069</td><td>1,088</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>82,875</td><td>701</td><td>54,840</td><td>14,134</td><td>9,911</td><td>466</td><td>1,351</td><td>1,472</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>76,403</td><td>443</td><td>51,649</td><td>12,662</td><td>8,777</td><td>371</td><td>1,211</td><td>1,291</td><td>-</td><td>*</td></tr><tr><td>1953</td><td>81,983</td><td>313</td><td>56,734</td><td>13,535</td><td>8,840</td><td>342</td><td>1,112</td><td>1,106</td><td>*</td><td>*</td></tr><tr><td>1954 6/</td><td>90,387</td><td>263</td><td>62,941</td><td>15,084</td><td>9,480</td><td>357</td><td>1,151</td><td>1,109</td><td>1</td><td>1</td></tr><tr><td>1955 6/</td><td>89,749</td><td>349</td><td>61,049</td><td>15,650</td><td>9,914</td><td>396</td><td>1,210</td><td>1,177</td><td>2</td><td>2</td></tr><tr><td>1956 p.</td><td>89,953</td><td>429</td><td>60,015</td><td>16,903</td><td>9,986</td><td>537</td><td>1,295</td><td>1,281</td><td>5</td><td>3</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-47</td><td>607,597</td><td>12,849</td><td>467,540</td><td>79,095</td><td>40,864</td><td>378</td><td>3,846</td><td>3,024</td><td>-</td><td>-</td></tr><tr><td>1948</td><td>85,888</td><td>1,595</td><td>59,269</td><td>13,470</td><td>9,086</td><td>273</td><td>1,134</td><td>1,065</td><td>-</td><td>-</td></tr><tr><td>1949</td><td>76,933</td><td>1,217</td><td>52,996</td><td>12,204</td><td>8,065</td><td>302</td><td>1,046</td><td>1,025</td><td>-</td><td>-</td></tr><tr><td>1950</td><td>79,175</td><td>895</td><td>53,087</td><td>13,257</td><td>9,081</td><td>404</td><td>1,220</td><td>1,292</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>77,202</td><td>549</td><td>51,592</td><td>13,000</td><td>9,079</td><td>420</td><td>1,244</td><td>1,399</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>80,420</td><td>375</td><td>55,000</td><td>13,285</td><td>8,991</td><td>356</td><td>1,191</td><td>1,220</td><td>*</td><td>*</td></tr><tr><td>1953</td><td>85,528</td><td>282</td><td>59,519</td><td>14,191</td><td>9,038</td><td>347</td><td>1,115</td><td>1,089</td><td>1</td><td>*</td></tr><tr><td>1954</td><td>92,340</td><td>277</td><td>63,050</td><td>15,643</td><td>9,858</td><td>373</td><td>1,192</td><td>1,145</td><td>2</td><td>1</td></tr><tr><td>1955</td><td>88,700</td><td>424</td><td>59,640</td><td>15,887</td><td>9,842</td><td>454</td><td>1,225</td><td>1,221</td><td>4</td><td>2</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>7,766</td><td>37</td><td>5,196</td><td>1,392</td><td>878</td><td>38</td><td>112</td><td>112</td><td>*</td><td>*</td></tr><tr><td>August</td><td>7,820</td><td>40</td><td>5,260</td><td>1,421</td><td>892</td><td>39</td><td>105</td><td>103</td><td>*</td><td>*</td></tr><tr><td>September</td><td>7,715</td><td>38</td><td>5,178</td><td>1,402</td><td>853</td><td>39</td><td>103</td><td>101</td><td>*</td><td>*</td></tr><tr><td>October</td><td>6,865</td><td>35</td><td>4,604</td><td>1,248</td><td>757</td><td>35</td><td>94</td><td>92</td><td>*</td><td>*</td></tr><tr><td>November</td><td>6,947</td><td>36</td><td>4,658</td><td>1,264</td><td>752</td><td>47</td><td>94</td><td>95</td><td>*</td><td>*</td></tr><tr><td>December</td><td>7,665</td><td>37</td><td>5,231</td><td>1,370</td><td>780</td><td>50</td><td>99</td><td>98</td><td>*</td><td>*</td></tr><tr><td>1956-January</td><td>8,120</td><td>42</td><td>5,305</td><td>1,485</td><td>961</td><td>57</td><td>129</td><td>140</td><td>*</td><td>*</td></tr><tr><td>February</td><td>6,697</td><td>33</td><td>4,479</td><td>1,225</td><td>729</td><td>42</td><td>92</td><td>96</td><td>*</td><td>*</td></tr><tr><td>March</td><td>7,479</td><td>34</td><td>4,979</td><td>1,385</td><td>821</td><td>45</td><td>105</td><td>109</td><td>1</td><td>*</td></tr><tr><td>April p.</td><td>7,565</td><td>34</td><td>5,012</td><td>1,420</td><td>837</td><td>47</td><td>105</td><td>109</td><td>*</td><td>*</td></tr><tr><td>May p.</td><td>7,732</td><td>32</td><td>5,113</td><td>1,454</td><td>861</td><td>49</td><td>108</td><td>113</td><td>*</td><td>*</td></tr><tr><td>June p.</td><td>7,502</td><td>31</td><td>4,998</td><td>1,438</td><td>844</td><td>49</td><td>109</td><td>112</td><td>1</td><td>*</td></tr><tr><td>Inception to date p.</td><td>1,319,013</td><td>18,609</td><td>992,335</td><td>198,518</td><td>118,958</td><td>3,598</td><td>13,860</td><td>13,120</td><td>9</td><td>6</td></tr></table>
Note: These figures are estimates, based on daily Treasury statement and re-ports from Federal Reserve Banks and Bureau of the Public Debt.
1/ Sales of Series II bonds began on June 1, 1922; the denominations authorized were $500, $1,000, $5,000, and $10,000.
2/ Sale was authorized in June 1944, to Armed Forces only, and discontinued after March 31, 1950.
3/ Sales began in October 1945.
4/ Sales of $10,000 denomination Series II bonds were authorized on May 1, 1952.
5) Includes sales and redemptions of $100,000 denomination Series E bonds which are purchaseable only by trustees of employees' savings plans beginning April 1954, and personal trust accounts beginning January 1955. See footnote 6 to Tables 2 and 3.
6) T Includes exchanges of matured Series E bonds for Series C bonds beginning May 1951 and for Series K bonds beginning May 1952.
* Less than 500 pieces.
p Preliminary.
38
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 6.- Sales by States, Series E and H 1/2 Combined
(In thousands of dollars at issue price)
<table><tr><th>State</th><th>Inception through June 30, 1956</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th></tr><tr><td>Alabama</td><td>848,830</td><td>3,797</td><td>3,578</td><td>4,007</td><td>3,967</td><td>3,876</td><td>3,915</td><td>4,125</td><td>5,377</td><td>3,987</td><td>3,883</td><td>3,668</td><td>3,773</td></tr><tr><td>Arizona</td><td>293,427</td><td>1,387</td><td>1,462</td><td>1,455</td><td>1,659</td><td>1,313</td><td>1,572</td><td>2,142</td><td>1,776</td><td>1,535</td><td>1,569</td><td>1,604</td><td>1,552</td></tr><tr><td>Arkansas</td><td>511,140</td><td>2,755</td><td>2,524</td><td>2,339</td><td>2,484</td><td>2,171</td><td>2,292</td><td>4,293</td><td>3,066</td><td>2,804</td><td>2,242</td><td>2,258</td><td>2,208</td></tr><tr><td>California</td><td>6,004,494</td><td>27,247</td><td>29,524</td><td>23,815</td><td>29,960</td><td>23,100</td><td>30,098</td><td>32,593</td><td>32,564</td><td>30,652</td><td>24,326</td><td>26,011</td><td>23,638</td></tr><tr><td>Colorado</td><td>654,999</td><td>2,978</td><td>3,279</td><td>2,972</td><td>3,143</td><td>3,060</td><td>3,599</td><td>3,217</td><td>3,638</td><td>2,812</td><td>3,186</td><td>3,354</td><td>2,852</td></tr><tr><td>Connecticut</td><td>1,341,374</td><td>6,013</td><td>5,657</td><td>5,393</td><td>4,705</td><td>5,205</td><td>6,114</td><td>5,756</td><td>5,349</td><td>6,274</td><td>5,211</td><td>5,947</td><td>4,606</td></tr><tr><td>Delaware</td><td>191,795</td><td>966</td><td>912</td><td>1,113</td><td>844</td><td>1,305</td><td>1,179</td><td>1,053</td><td>1,188</td><td>1,746</td><td>1,340</td><td>1,023</td><td>1,281</td></tr><tr><td>District of Columbia</td><td>956,159</td><td>3,094</td><td>3,730</td><td>3,143</td><td>3,533</td><td>3,501</td><td>6,307</td><td>5,935</td><td>3,633</td><td>3,571</td><td>3,458</td><td>3,468</td><td>3,087</td></tr><tr><td>Florida</td><td>1,020,362</td><td>5,668</td><td>5,828</td><td>7,018</td><td>5,582</td><td>5,988</td><td>5,265</td><td>6,112</td><td>9,981</td><td>6,397</td><td>5,857</td><td>6,092</td><td>6,081</td></tr><tr><td>Georgia</td><td>957,817</td><td>4,185</td><td>3,982</td><td>4,427</td><td>4,357</td><td>4,567</td><td>3,957</td><td>5,215</td><td>5,346</td><td>4,476</td><td>4,008</td><td>4,177</td><td>4,012</td></tr><tr><td>Idaho</td><td>230,220</td><td>1,104</td><td>956</td><td>654</td><td>969</td><td>754</td><td>1,075</td><td>1,003</td><td>1,836</td><td>954</td><td>1,009</td><td>693</td><td>695</td></tr><tr><td>Illinois</td><td>6,777,944</td><td>42,462</td><td>41,508</td><td>36,534</td><td>34,705</td><td>37,110</td><td>34,936</td><td>54,168</td><td>44,444</td><td>43,665</td><td>40,299</td><td>35,662</td><td>32,345</td></tr><tr><td>Indiana</td><td>2,317,203</td><td>13,654</td><td>14,041</td><td>12,847</td><td>13,006</td><td>13,311</td><td>13,579</td><td>16,628</td><td>14,705</td><td>14,371</td><td>13,540</td><td>13,000</td><td>10,990</td></tr><tr><td>Iowa</td><td>2,263,850</td><td>12,576</td><td>12,547</td><td>11,392</td><td>11,351</td><td>11,849</td><td>13,313</td><td>22,148</td><td>14,863</td><td>17,103</td><td>12,943</td><td>11,438</td><td>10,485</td></tr><tr><td>Kansas</td><td>1,328,870</td><td>6,229</td><td>7,798</td><td>6,770</td><td>6,805</td><td>6,172</td><td>6,116</td><td>8,971</td><td>10,506</td><td>14,251</td><td>7,108</td><td>6,764</td><td>5,931</td></tr><tr><td>Kentucky</td><td>905,495</td><td>5,332</td><td>5,482</td><td>4,857</td><td>5,059</td><td>4,245</td><td>4,257</td><td>5,580</td><td>6,482</td><td>5,008</td><td>4,783</td><td>4,780</td><td>4,996</td></tr><tr><td>Louisiana</td><td>846,758</td><td>3,687</td><td>3,898</td><td>3,584</td><td>3,536</td><td>3,196</td><td>3,504</td><td>4,938</td><td>4,344</td><td>3,936</td><td>3,535</td><td>3,815</td><td>3,631</td></tr><tr><td>Maine</td><td>331,601</td><td>1,550</td><td>1,588</td><td>1,427</td><td>1,333</td><td>1,449</td><td>1,712</td><td>1,670</td><td>1,415</td><td>1,442</td><td>1,145</td><td>1,292</td><td>1,365</td></tr><tr><td>Maryland</td><td>1,031,063</td><td>4,949</td><td>4,987</td><td>5,099</td><td>5,018</td><td>5,035</td><td>5,437</td><td>5,659</td><td>5,410</td><td>5,180</td><td>5,036</td><td>5,415</td><td>4,644</td></tr><tr><td>Massachusetts</td><td>2,476,349</td><td>9,487</td><td>9,587</td><td>9,186</td><td>8,820</td><td>8,896</td><td>10,400</td><td>10,174</td><td>9,402</td><td>9,831</td><td>8,391</td><td>9,942</td><td>7,708</td></tr><tr><td>Michigan</td><td>4,563,452</td><td>30,113</td><td>27,889</td><td>25,527</td><td>26,425</td><td>23,961</td><td>25,262</td><td>34,068</td><td>31,068</td><td>29,180</td><td>23,004</td><td>25,628</td><td>25,314</td></tr><tr><td>Minnesota</td><td>1,705,621</td><td>8,161</td><td>7,685</td><td>6,689</td><td>7,943</td><td>7,372</td><td>8,416</td><td>8,701</td><td>9,299</td><td>7,881</td><td>7,065</td><td>6,693</td><td>6,327</td></tr><tr><td>Mississippi</td><td>521,468</td><td>2,314</td><td>2,179</td><td>2,189</td><td>2,186</td><td>2,036</td><td>2,157</td><td>3,598</td><td>3,325</td><td>2,282</td><td>2,136</td><td>2,078</td><td>2,031</td></tr><tr><td>Missouri</td><td>2,273,783</td><td>13,281</td><td>13,386</td><td>11,748</td><td>11,975</td><td>11,726</td><td>12,878</td><td>16,329</td><td>14,819</td><td>14,805</td><td>12,772</td><td>12,774</td><td>12,364</td></tr><tr><td>Montana</td><td>427,809</td><td>2,173</td><td>2,157</td><td>1,806</td><td>2,298</td><td>2,093</td><td>2,457</td><td>3,024</td><td>3,157</td><td>2,553</td><td>2,371</td><td>2,323</td><td>2,231</td></tr><tr><td>Nebraska</td><td>1,239,930</td><td>6,284</td><td>7,728</td><td>6,872</td><td>9,566</td><td>7,079</td><td>6,767</td><td>9,240</td><td>10,679</td><td>11,721</td><td>9,982</td><td>7,317</td><td>6,068</td></tr><tr><td>Nevada</td><td>97,099</td><td>591</td><td>668</td><td>652</td><td>641</td><td>565</td><td>723</td><td>550</td><td>863</td><td>613</td><td>542</td><td>579</td><td>453</td></tr><tr><td>New Hampshire</td><td>204,446</td><td>887</td><td>858</td><td>810</td><td>741</td><td>788</td><td>796</td><td>886</td><td>781</td><td>819</td><td>773</td><td>796</td><td>603</td></tr><tr><td>New Jersey</td><td>3,120,460</td><td>15,955</td><td>16,404</td><td>16,264</td><td>15,107</td><td>15,477</td><td>13,813</td><td>13,867</td><td>16,592</td><td>15,788</td><td>15,388</td><td>15,366</td><td>15,328</td></tr><tr><td>New Mexico</td><td>124,901</td><td>1,284</td><td>1,090</td><td>991</td><td>1,014</td><td>945</td><td>1,066</td><td>1,632</td><td>1,125</td><td>997</td><td>942</td><td>1,023</td><td>1,271</td></tr><tr><td>New York</td><td>9,751,371</td><td>41,879</td><td>37,429</td><td>37,577</td><td>37,955</td><td>38,195</td><td>41,156</td><td>54,102</td><td>40,480</td><td>37,937</td><td>38,540</td><td>37,326</td><td>36,489</td></tr><tr><td>North Carolina</td><td>985,045</td><td>3,924</td><td>4,024</td><td>3,287</td><td>4,445</td><td>4,131</td><td>4,387</td><td>5,354</td><td>5,004</td><td>4,330</td><td>3,932</td><td>3,786</td><td>3,583</td></tr><tr><td>North Dakota</td><td>430,970</td><td>1,894</td><td>1,745</td><td>1,773</td><td>2,598</td><td>2,561</td><td>2,496</td><td>2,770</td><td>2,553</td><td>2,023</td><td>2,027</td><td>1,915</td><td>2,054</td></tr><tr><td>Ohio</td><td>5,185,527</td><td>26,777</td><td>32,214</td><td>23,750</td><td>29,166</td><td>30,206</td><td>32,874</td><td>28,745</td><td>33,851</td><td>29,777</td><td>31,765</td><td>24,930</td><td>26,263</td></tr><tr><td>Oklahoma</td><td>1,023,251</td><td>4,781</td><td>5,588</td><td>5,077</td><td>5,031</td><td>5,465</td><td>6,653</td><td>5,816</td><td>6,932</td><td>5,685</td><td>4,962</td><td>5,025</td><td>4,390</td></tr><tr><td>Oregon</td><td>871,979</td><td>3,834</td><td>3,966</td><td>3,185</td><td>3,311</td><td>2,728</td><td>3,503</td><td>3,943</td><td>4,617</td><td>3,587</td><td>3,072</td><td>2,645</td><td>3,150</td></tr><tr><td>Pennsylvania</td><td>6,670,279</td><td>37,298</td><td>35,294</td><td>34,991</td><td>34,946</td><td>34,117</td><td>43,377</td><td>38,465</td><td>40,882</td><td>37,068</td><td>35,552</td><td>35,155</td><td>34,042</td></tr><tr><td>Rhode Island</td><td>406,504</td><td>1,385</td><td>1,870</td><td>1,472</td><td>1,379</td><td>1,473</td><td>1,518</td><td>1,763</td><td>1,422</td><td>1,596</td><td>1,256</td><td>1,634</td><td>1,229</td></tr><tr><td>South Carolina</td><td>495,062</td><td>2,240</td><td>1,970</td><td>2,506</td><td>1,494</td><td>1,766</td><td>2,202</td><td>2,575</td><td>2,325</td><td>2,419</td><td>2,372</td><td>2,428</td><td>2,314</td></tr><tr><td>South Dakota</td><td>508,013</td><td>2,756</td><td>2,607</td><td>2,563</td><td>2,828</td><td>2,716</td><td>2,572</td><td>3,193</td><td>3,502</td><td>6,361</td><td>6,636</td><td>5,531</td><td>2,852</td></tr><tr><td>Tennessee</td><td>919,886</td><td>4,051</td><td>4,212</td><td>3,533</td><td>4,542</td><td>3,515</td><td>4,084</td><td>5,151</td><td>6,008</td><td>4,323</td><td>4,045</td><td>3,783</td><td>3,653</td></tr><tr><td>Texas</td><td>3,053,675</td><td>13,841</td><td>16,196</td><td>13,454</td><td>13,975</td><td>12,833</td><td>17,417</td><td>17,814</td><td>18,388</td><td>15,937</td><td>14,594</td><td>13,877</td><td>13,242</td></tr><tr><td>Utah</td><td>329,256</td><td>1,259</td><td>1,422</td><td>1,091</td><td>1,380</td><td>1,525</td><td>1,644</td><td>1,331</td><td>1,454</td><td>2,369</td><td>1,718</td><td>1,316</td><td>987</td></tr><tr><td>Vermont</td><td>115,577</td><td>481</td><td>521</td><td>393</td><td>395</td><td>433</td><td>414</td><td>503</td><td>531</td><td>392</td><td>362</td><td>363</td><td>318</td></tr><tr><td>Virginia</td><td>1,375,341</td><td>6,530</td><td>7,339</td><td>5,753</td><td>7,258</td><td>5,980</td><td>6,822</td><td>7,280</td><td>7,784</td><td>7,052</td><td>6,844</td><td>5,902</td><td>6,806</td></tr><tr><td>Washington</td><td>1,463,981</td><td>5,886</td><td>5,742</td><td>5,159</td><td>7,561</td><td>4,688</td><td>6,298</td><td>5,786</td><td>8,082</td><td>6,479</td><td>5,670</td><td>5,337</td><td>6,087</td></tr><tr><td>West Virginia</td><td>806,091</td><td>4,673</td><td>5,035</td><td>4,082</td><td>4,227</td><td>4,609</td><td>5,411</td><td>8,396</td><td>5,183</td><td>4,795</td><td>4,451</td><td>4,474</td><td>4,411</td></tr><tr><td>Wisconsin</td><td>1,925,383</td><td>12,550</td><td>11,825</td><td>11,097</td><td>10,796</td><td>10,566</td><td>10,571</td><td>14,646</td><td>11,179</td><td>10,602</td><td>9,701</td><td>9,543</td><td>10,231</td></tr><tr><td>Wyoming</td><td>170,163</td><td>814</td><td>849</td><td>740</td><td>753</td><td>623</td><td>922</td><td>834</td><td>1,055</td><td>673</td><td>704</td><td>722</td><td>602</td></tr><tr><td>Canal Zone</td><td>51,414</td><td>215</td><td>267</td><td>135</td><td>306</td><td>128</td><td>314</td><td>112</td><td>205</td><td>269</td><td>218</td><td>241</td><td>151</td></tr><tr><td>Hawaii</td><td>362,903</td><td>1,103</td><td>1,314</td><td>1,015</td><td>816</td><td>1,760</td><td>1,222</td><td>1,040</td><td>1,220</td><td>1,108</td><td>1,065</td><td>1,060</td><td>1,061</td></tr><tr><td>Puerto Rico</td><td>50,538</td><td>251</td><td>231</td><td>203</td><td>150</td><td>171</td><td>123</td><td>279</td><td>152</td><td>183</td><td>112</td><td>166</td><td>116</td></tr><tr><td>Virgin Islands</td><td>2,397</td><td>9</td><td>5</td><td>10</td><td>14</td><td>6</td><td>15</td><td>13</td><td>4</td><td>1</td><td>12</td><td>6</td><td>4</td></tr><tr><td>Other possessions</td><td>34,468</td><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>Adjustment to daily Treasury statement</td><td>+1,832,540</td><td>+19,012</td><td>+14,907</td><td>+30,058</td><td>+244</td><td>+6,542</td><td>-8,642</td><td>+64,295</td><td>-3,399</td><td>+13,021</td><td>+6,243</td><td>+25,996</td><td>+26,788</td></tr><tr><td>Total</td><td>84,463,448</td><td>438,606</td><td>439,384</td><td>413,984</td><td>404,302</td><td>394,881</td><td>425,325</td><td>572,490</td><td>476,047</td><td>464,664</td><td>413,697</td><td>418,141</td><td>398,364</td></tr></table>
Source: Daily Treasury statement and reports from Federal Reserve Banks.
Sales of Series 8 began June 1, 1952.
August 1956
39
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 June 30, 1956
(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>Interest-bearing debt</th><th>Matured debt</th></tr><tr><td>Series A (tax series)</td><td>4,07 1/</td><td>4,07</td><td>68 1/</td><td>339</td><td>-</td><td>*</td></tr><tr><td>Series B (tax series)</td><td>4,944</td><td>4,944</td><td>183 1/</td><td>4,761</td><td>-</td><td>*</td></tr><tr><td>Series C</td><td>32,438 1/</td><td>32,436</td><td>11,043</td><td>21,393</td><td>-</td><td>2</td></tr><tr><td>Series D</td><td>12,333</td><td>12,332</td><td>9,265</td><td>3,067</td><td>-</td><td>1</td></tr><tr><td>Series A</td><td>9,187</td><td>9,179</td><td>4,774</td><td>4,404</td><td>-</td><td>8</td></tr><tr><td>Series B</td><td>4,671</td><td>4,669</td><td>3,777</td><td>892</td><td>-</td><td>3</td></tr><tr><td>Series C</td><td>680</td><td>678</td><td>556</td><td>123</td><td>-</td><td>1</td></tr><tr><td>Total</td><td>64,659</td><td>64,643</td><td>29,665</td><td>34,979</td><td>-</td><td>16</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 * 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>Interest-bearing debt</th><th>Matured debt</th></tr><tr><td><b>Fiscal years:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1942-48</td><td>37,593</td><td>33,164</td><td>8,043</td><td>25,120</td><td>4,394</td><td>35</td></tr><tr><td>1949</td><td>3,994</td><td>3,532</td><td>2,079</td><td>1,453</td><td>4,860</td><td>32</td></tr><tr><td>1950</td><td>6,150</td><td>2,549</td><td>1,510</td><td>1,039</td><td>8,472</td><td>20</td></tr><tr><td>1951</td><td>5,142</td><td>5,799</td><td>4,633</td><td>1,166</td><td>7,818</td><td>18</td></tr><tr><td>1952</td><td>4,965</td><td>6,174</td><td>3,437</td><td>2,737</td><td>6,612</td><td>14</td></tr><tr><td>1953</td><td>4,224</td><td>6,388</td><td>4,307</td><td>2,082</td><td>4,453</td><td>10</td></tr><tr><td>1954</td><td>2,591</td><td>1,963</td><td>1,114</td><td>849</td><td>5,079</td><td>11</td></tr><tr><td>1955</td><td>-</td><td>3,168</td><td>2,696</td><td>472</td><td>1,913</td><td>9</td></tr><tr><td>1956</td><td>-</td><td>1,907</td><td>1,846</td><td>60</td><td>-</td><td>16</td></tr><tr><td><b>Calendar years:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-48</td><td>39,796</td><td>35,157</td><td>9,356</td><td>25,802</td><td>4,572</td><td>66</td></tr><tr><td>1949</td><td>5,971</td><td>2,951</td><td>1,584</td><td>1,366</td><td>7,610</td><td>49</td></tr><tr><td>1950</td><td>3,613</td><td>2,592</td><td>1,802</td><td>790</td><td>8,640</td><td>40</td></tr><tr><td>1951</td><td>5,883</td><td>6,922</td><td>5,657</td><td>1,265</td><td>7,534</td><td>47</td></tr><tr><td>1952</td><td>3,726</td><td>5,510</td><td>2,564</td><td>2,946</td><td>5,770</td><td>28</td></tr><tr><td>1953</td><td>5,730</td><td>5,482</td><td>3,699</td><td>1,783</td><td>6,026</td><td>20</td></tr><tr><td>1954</td><td>-</td><td>1,469</td><td>918</td><td>552</td><td>4,548</td><td>28</td></tr><tr><td>1955</td><td>-</td><td>4,502</td><td>4,042</td><td>460</td><td>36</td><td>38</td></tr><tr><td><b>Months:</b></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-July</td><td>-</td><td>259</td><td>250</td><td>9</td><td>1,655</td><td>9</td></tr><tr><td>August</td><td>-</td><td>453</td><td>451</td><td>3</td><td>1,202</td><td>8</td></tr><tr><td>September</td><td>-</td><td>771</td><td>752</td><td>19</td><td>399</td><td>40</td></tr><tr><td>October</td><td>-</td><td>324</td><td>311</td><td>13</td><td>81</td><td>35</td></tr><tr><td>November</td><td>-</td><td>21</td><td>21</td><td>1</td><td>65</td><td>29</td></tr><tr><td>December</td><td>-</td><td>20</td><td>19</td><td>1</td><td>36</td><td>38</td></tr><tr><td>1956-January</td><td>-</td><td>17</td><td>13</td><td>4</td><td>28</td><td>30</td></tr><tr><td>February</td><td>-</td><td>8</td><td>8</td><td>1</td><td>23</td><td>27</td></tr><tr><td>March</td><td>-</td><td>19</td><td>12</td><td>7</td><td>11</td><td>19</td></tr><tr><td>April</td><td>-</td><td>7</td><td>6</td><td>1</td><td>-</td><td>23</td></tr><tr><td>May</td><td>-</td><td>3</td><td>3</td><td>*</td><td>-</td><td>19</td></tr><tr><td>June</td><td>-</td><td>3</td><td>2</td><td>2</td><td>-</td><td>16</td></tr></table>
Source: Office of the Treasurer of the U.S.; daily Treasury statement.
1/ Includes both matured and unmatured notes.
* Less than $500,000.
40
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total Federal securities outstanding 1/</th><th colspan="5">Interest-bearing securities issued by the U.S. Government</th><th colspan="5">Interest-bearing securities guaranteed by the U.S. Government 2/</th><th rowspan="2">Matured debt and debt bearing no interest</th></tr><tr><th>Total outstanding</th><th colspan="2">Held by U.S. Government investment accounts 2/</th><th colspan="2">Held by Federal Reserve Banks - public issues</th><th colspan="2">Held by private investors 3/</th><th colspan="2">Held by U.S. Government investment accounts and Federal Reserve Banks 2/ 5/</th><th colspan="2">Held by private investors 3/</th></tr><tr><th></th><th></th><th>Total</th><th>Public issues</th><th>Special issues</th><th>Total</th><th>Public market-able issues</th><th>Public non-market-able issues</th><th>Total outstanding</th><th>Public market-able issues 6/</th><th>Public non-market-able issues 6/</th></tr><tr><td>1948</td><td>292,366</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>292,892</td><td>40,958</td><td>6,305</td><td>34,653</td><td>22,982</td><td>188,911</td><td>111,663</td><td>77,249</td><td>27</td><td>*</td><td>27</td><td>*</td><td>2,372</td></tr><tr><td>1952</td><td>259,151</td><td>256,863</td><td>44,335</td><td>6,996</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>1954</td><td>271,341</td><td>268,910</td><td>49,340</td><td>7,111</td><td>42,229</td><td>25,037</td><td>194,533</td><td>121,771</td><td>72,762</td><td>80</td><td>*</td><td>80</td><td>-</td><td>2,351</td></tr><tr><td>1955</td><td>274,418</td><td>271,741</td><td>50,536</td><td>7,286</td><td>43,250</td><td>23,607</td><td>197,598</td><td>127,875</td><td>69,723</td><td>43</td><td>3</td><td>41</td><td>-</td><td>2,634</td></tr><tr><td>1956</td><td>272,825</td><td>269,883</td><td>53,470</td><td>6,356</td><td>45,114</td><td>23,758</td><td>192,655</td><td>126,304</td><td>66,351</td><td>73</td><td>25</td><td>48</td><td>-</td><td>2,869</td></tr><tr><td>1954-Dec.</td><td>278,784</td><td>275,731</td><td>49,609</td><td>7,043</td><td>42,566</td><td>24,932</td><td>201,190</td><td>129,420</td><td>71,769</td><td>33</td><td>*</td><td>33</td><td>-</td><td>3,020</td></tr><tr><td>1955-July</td><td>277,666</td><td>274,955</td><td>50,639</td><td>7,299</td><td>43,340</td><td>24,091</td><td>200,225</td><td>130,743</td><td>69,482</td><td>41</td><td>2</td><td>38</td><td>-</td><td>2,630</td></tr><tr><td>Aug.</td><td>278,332</td><td>275,711</td><td>51,592</td><td>7,314</td><td>44,238</td><td>23,760</td><td>200,398</td><td>131,347</td><td>69,051</td><td>43</td><td>2</td><td>40</td><td>-</td><td>2,999</td></tr><tr><td>Sept.</td><td>277,924</td><td>274,879</td><td>51,200</td><td>7,309</td><td>43,891</td><td>23,834</td><td>199,845</td><td>131,893</td><td>67,952</td><td>47</td><td>5</td><td>42</td><td>-</td><td>2,598</td></tr><tr><td>Oct.</td><td>279,866</td><td>277,277</td><td>51,042</td><td>7,386</td><td>43,657</td><td>24,024</td><td>202,210</td><td>134,696</td><td>67,514</td><td>47</td><td>7</td><td>40</td><td>-</td><td>2,542</td></tr><tr><td>Nov.</td><td>280,189</td><td>277,668</td><td>51,607</td><td>7,594</td><td>44,013</td><td>24,256</td><td>201,765</td><td>134,271</td><td>67,493</td><td>52</td><td>11</td><td>41</td><td>-</td><td>2,509</td></tr><tr><td>Dec.</td><td>280,822</td><td>277,799</td><td>51,723</td><td>7,798</td><td>43,926</td><td>24,785</td><td>201,291</td><td>134,230</td><td>67,061</td><td>52</td><td>8</td><td>44</td><td>-</td><td>2,970</td></tr><tr><td>1956-Jan.</td><td>280,102</td><td>277,170</td><td>51,654</td><td>8,069</td><td>43,595</td><td>23,466</td><td>202,050</td><td>135,365</td><td>66,684</td><td>51</td><td>13</td><td>38</td><td>-</td><td>2,881</td></tr><tr><td>Feb.</td><td>280,157</td><td>277,895</td><td>51,794</td><td>8,106</td><td>43,688</td><td>23,482</td><td>202,018</td><td>135,321</td><td>66,697</td><td>56</td><td>15</td><td>41</td><td>-</td><td>2,816</td></tr><tr><td>Mar.</td><td>276,404</td><td>273,431</td><td>51,888</td><td>8,153</td><td>43,736</td><td>23,636</td><td>197,957</td><td>131,261</td><td>66,697</td><td>57</td><td>14</td><td>43</td><td>-</td><td>2,865</td></tr><tr><td>Apr.</td><td>275,845</td><td>273,078</td><td>51,544</td><td>8,155</td><td>43,389</td><td>23,345</td><td>198,189</td><td>131,573</td><td>66,616</td><td>56</td><td>16</td><td>39</td><td>-</td><td>2,712</td></tr><tr><td>May</td><td>276,791</td><td>273,977</td><td>52,320</td><td>8,181</td><td>44,339</td><td>23,474</td><td>197,983</td><td>131,399</td><td>66,584</td><td>61</td><td>17</td><td>44</td><td>-</td><td>2,753</td></tr><tr><td>June</td><td>272,825</td><td>269,883</td><td>53,470</td><td>8,356</td><td>45,114</td><td>23,758</td><td>192,655</td><td>126,304</td><td>66,351</td><td>73</td><td>25</td><td>48</td><td>-</td><td>2,869</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 bank after June 26, 1947, when the proprietary interest of the United States in these banks ended.
3/ The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the amount held by U. S. Government investment accounts and Federal Reserve Banks.
b/ 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 2/
(In millions of dollars; negative figures are not 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>-2.1</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>.6</td></tr><tr><td>1954</td><td>7.0</td><td>4.0</td><td>-22.4</td><td>-2.9</td><td>2.8</td><td>-45.5</td><td>-21.7</td><td>-17.2</td><td>-10.0</td><td>21.1</td><td>14.2</td><td>12.0</td></tr><tr><td>1955</td><td>23.0</td><td>77.2</td><td>18.9</td><td>29.9</td><td>56.2</td><td>22.5</td><td>74.8</td><td>20.3</td><td>11.8</td><td>-30.7</td><td>7.9</td><td>234.8</td></tr><tr><td>1956</td><td>-1.3</td><td>-9.8</td><td>10.7</td><td>46.7</td><td>5.7</td><td>398.8</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
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. 734 a), and excludes the Exchange Stabilization Fund. Less than $50,000.
August 1956
41
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par value 1/ - in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstanding 2/</th><th colspan="3">Held by banks</th><th>U. S. Government investment accounts 3/</th><th colspan="7">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks 3/</th><th>Federal Reserve Banks</th><th></th><th>Total</th><th colspan="2">Individuals 5/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 6/</th><th>State and local governments 7/</th><th>Miscellaneous investors 4/ 8/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Savings bonds</th><th>Other</th><th></th><th></th><th></th><th></th></tr><tr><td>1939-December</td><td>47.6</td><td>18.4</td><td>15.9</td><td>2.5</td><td>6.5</td><td>22.7</td><td>10.1</td><td>1.9</td><td>8.2</td><td>6.3</td><td>3.1</td><td>2.2</td><td>.4</td><td>.7</td></tr><tr><td>1940-June</td><td>48.5</td><td>18.6</td><td>16.1</td><td>2.5</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>2.2</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>46.1</td><td>31.2</td><td>14.9</td><td>17.3</td><td>7.3</td><td>20.2</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>59.1</td><td>40.7</td><td>18.5</td><td>22.7</td><td>9.6</td><td>23.3</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>64.1</td><td>42.9</td><td>21.2</td><td>24.0</td><td>10.7</td><td>22.2</td><td>6.5</td><td>9.1</td></tr><tr><td>1946-February 9/</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>63.3</td><td>43.5</td><td>19.9</td><td>24.9</td><td>11.5</td><td>17.8</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>66.6</td><td>45.5</td><td>21.1</td><td>24.6</td><td>12.1</td><td>13.7</td><td>7.1</td><td>9.6</td></tr><tr><td>December</td><td>257.0</td><td>91.3</td><td>68.7</td><td>22.6</td><td>34.4</td><td>131.3</td><td>65.7</td><td>46.2</td><td>19.4</td><td>23.9</td><td>12.0</td><td>14.1</td><td>7.3</td><td>8.4</td></tr><tr><td>1948-June</td><td>252.4</td><td>85.9</td><td>64.6</td><td>21.4</td><td>35.8</td><td>130.7</td><td>65.8</td><td>47.1</td><td>18.6</td><td>22.8</td><td>12.0</td><td>13.6</td><td>7.8</td><td>8.7</td></tr><tr><td>December</td><td>252.9</td><td>85.8</td><td>62.5</td><td>23.3</td><td>37.3</td><td>129.7</td><td>65.5</td><td>47.8</td><td>17.6</td><td>21.2</td><td>11.5</td><td>14.8</td><td>7.9</td><td>8.9</td></tr><tr><td>1949-June</td><td>252.8</td><td>82.4</td><td>63.0</td><td>19.3</td><td>38.3</td><td>132.2</td><td>66.6</td><td>48.8</td><td>17.8</td><td>20.5</td><td>11.6</td><td>15.8</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>67.4</td><td>49.9</td><td>17.6</td><td>19.8</td><td>11.6</td><td>18.4</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>66.3</td><td>49.6</td><td>16.7</td><td>18.7</td><td>10.9</td><td>19.7</td><td>8.8</td><td>10.5</td></tr><tr><td>1951-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>65.4</td><td>49.1</td><td>16.3</td><td>17.1</td><td>10.2</td><td>20.1</td><td>9.4</td><td>10.7</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>64.6</td><td>49.1</td><td>15.5</td><td>16.5</td><td>9.8</td><td>20.7</td><td>9.6</td><td>10.6</td></tr><tr><td>1952-June</td><td>259.2</td><td>84.0</td><td>61.1</td><td>22.9</td><td>44.2</td><td>130.8</td><td>64.8</td><td>49.0</td><td>15.7</td><td>15.7</td><td>9.6</td><td>18.8</td><td>10.4</td><td>11.6</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>65.1</td><td>49.2</td><td>16.0</td><td>16.1</td><td>9.5</td><td>19.9</td><td>11.1</td><td>11.7</td></tr><tr><td>1953-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>66.3</td><td>49.3</td><td>17.1</td><td>16.0</td><td>9.5</td><td>18.4</td><td>12.0</td><td>12.8</td></tr><tr><td>December</td><td>275.2</td><td>89.6</td><td>63.7</td><td>25.9</td><td>48.3</td><td>137.3</td><td>65.4</td><td>49.4</td><td>16.0</td><td>15.8</td><td>9.2</td><td>21.0</td><td>12.7</td><td>13.2</td></tr><tr><td>1954-June</td><td>271.3</td><td>88.7</td><td>63.6</td><td>25.0</td><td>49.3</td><td>133.3</td><td>65.0</td><td>49.5</td><td>15.5</td><td>15.3</td><td>9.1</td><td>16.4</td><td>13.9</td><td>13.7</td></tr><tr><td>December</td><td>278.8</td><td>94.1</td><td>69.2</td><td>24.9</td><td>49.6</td><td>135.1</td><td>63.5</td><td>50.0</td><td>13.6</td><td>15.0</td><td>8.8</td><td>19.3</td><td>14.4</td><td>13.9</td></tr><tr><td>1955-January</td><td>278.5</td><td>92.6</td><td>68.7</td><td>23.9</td><td>49.4</td><td>136.5</td><td>64.1</td><td>50.0</td><td>14.1</td><td>15.2</td><td>8.8</td><td>20.0</td><td>14.5</td><td>13.9</td></tr><tr><td>February</td><td>278.2</td><td>90.6</td><td>66.9</td><td>23.6</td><td>49.2</td><td>138.4</td><td>64.7</td><td>50.1</td><td>14.6</td><td>15.2</td><td>8.8</td><td>21.2</td><td>14.6</td><td>13.9</td></tr><tr><td>March</td><td>274.1</td><td>87.8</td><td>64.2</td><td>23.6</td><td>49.4</td><td>136.9</td><td>65.3</td><td>50.2</td><td>15.2</td><td>15.0</td><td>8.8</td><td>19.0</td><td>14.6</td><td>14.2</td></tr><tr><td>April</td><td>276.7</td><td>89.4</td><td>65.8</td><td>23.6</td><td>48.9</td><td>138.3</td><td>65.4</td><td>50.2</td><td>15.2</td><td>15.0</td><td>8.8</td><td>20.1</td><td>14.6</td><td>14.4</td></tr><tr><td>May</td><td>277.5</td><td>88.5</td><td>64.8</td><td>23.7</td><td>49.5</td><td>139.6</td><td>65.6</td><td>50.2</td><td>15.4</td><td>14.9</td><td>8.8</td><td>21.2</td><td>14.7</td><td>14.4</td></tr><tr><td>June</td><td>274.4</td><td>87.1</td><td>63.5</td><td>23.6</td><td>50.5</td><td>136.7</td><td>65.3</td><td>50.2</td><td>15.1</td><td>14.8</td><td>8.7</td><td>18.8</td><td>14.7</td><td>14.4</td></tr><tr><td>July</td><td>277.6</td><td>87.9</td><td>63.8</td><td>24.1</td><td>50.6</td><td>139.1</td><td>65.7</td><td>50.2</td><td>15.5</td><td>14.9</td><td>8.8</td><td>19.8</td><td>14.9</td><td>15.0</td></tr><tr><td>August</td><td>278.4</td><td>86.4</td><td>62.7</td><td>23.8</td><td>51.6</td><td>140.4</td><td>65.9</td><td>50.3</td><td>15.6</td><td>15.0</td><td>8.8</td><td>20.8</td><td>14.9</td><td>15.0</td></tr><tr><td>September</td><td>277.5</td><td>85.9</td><td>62.1</td><td>23.8</td><td>51.2</td><td>140.4</td><td>66.1</td><td>50.2</td><td>15.9</td><td>15.0</td><td>8.7</td><td>20.6</td><td>14.9</td><td>15.1</td></tr><tr><td>October</td><td>279.9</td><td>86.8</td><td>62.7</td><td>24.0</td><td>52.0</td><td>142.1</td><td>66.0</td><td>50.2</td><td>15.8</td><td>14.9</td><td>8.6</td><td>22.3</td><td>15.0</td><td>15.3</td></tr><tr><td>November</td><td>280.2</td><td>85.9</td><td>61.6</td><td>24.3</td><td>51.6</td><td>142.7</td><td>65.7</td><td>50.2</td><td>15.5</td><td>14.8</td><td>8.5</td><td>23.2</td><td>15.0</td><td>15.4</td></tr><tr><td>December</td><td>280.8</td><td>86.8</td><td>62.0</td><td>24.8</td><td>51.7</td><td>142.3</td><td>65.5</td><td>50.2</td><td>15.3</td><td>14.3</td><td>8.5</td><td>23.4</td><td>15.1</td><td>15.6</td></tr><tr><td>1956-January</td><td>280.1</td><td>84.0</td><td>60.5</td><td>23.5</td><td>51.7</td><td>144.5</td><td>66.4 r</td><td>50.3</td><td>16.1 r</td><td>14.2</td><td>8.5</td><td>23.7 r</td><td>15.5 r</td><td>16.0 r</td></tr><tr><td>February</td><td>280.2</td><td>83.0</td><td>59.5</td><td>23.5</td><td>51.8</td><td>145.3</td><td>67.0 r</td><td>50.4</td><td>16.6 r</td><td>13.9</td><td>8.5</td><td>23.8 r</td><td>15.7 r</td><td>16.4 r</td></tr><tr><td>March</td><td>276.4</td><td>81.9</td><td>58.3</td><td>23.6</td><td>51.9</td><td>142.6</td><td>67.5 r</td><td>50.4</td><td>17.1 r</td><td>13.6</td><td>8.5</td><td>20.5 r</td><td>15.9 r</td><td>16.5 r</td></tr><tr><td>April</td><td>275.8</td><td>81.8</td><td>58.4</td><td>23.3</td><td>51.6</td><td>142.5</td><td>67.4</td><td>50.4</td><td>17.0</td><td>13.6</td><td>8.5</td><td>20.7</td><td>15.9</td><td>16.5</td></tr><tr><td>May p.</td><td>276.8</td><td>81.2</td><td>57.7</td><td>23.5</td><td>52.5</td><td>143.1</td><td>67.4</td><td>50.4</td><td>17.0</td><td>13.5</td><td>8.4</td><td>21.1</td><td>16.0</td><td>16.6</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. For amounts subject to statutory debt limitation, see page 1.
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.
2/ Immediate postwar debt peak.
p Preliminary.
r Revised.
42
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1956
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."
Distribution of ownership by typee of banks and insurance companies is published each month. Holdings by commercial and social banks distributed according to Federal Reserve member bank classes and nonmember banks are published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly and first appeared in the March 1956 Bulletin for quarters beginning December 31, 1949.
Section I - Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par value - 10 millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding 1/</th><th colspan="5">Held by Investors covered in Treasury Survey</th><th>Held by all other investors 4/</th></tr><tr><th></th><th></th><th>6,710 commercial banks 2/ 3/</th><th>525 mutual savings banks 2/</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>312 life</th><th>581 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>159,625</td><td>50,138</td><td>6,662</td><td>4,820</td><td>4,285</td><td>28,182</td><td>65,538</td></tr><tr><td>Public nonmarketable 5/............</td><td>70,073</td><td>1,755</td><td>1,766</td><td>3,053</td><td>761</td><td>3,489</td><td>59,250</td></tr><tr><td>Special issues.....................</td><td>44,339</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,339</td><td>-</td></tr><tr><td>Total interest-bearing securities....</td><td>274,038</td><td>51,894</td><td>8,428</td><td>7,872</td><td>5,046</td><td>76,010</td><td>124,788</td></tr><tr><td>Matured debt and debt bearing no interest 6/.....</td><td>2,753</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 7/.....................</td><td>276,791</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
4.0
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>6,710 commercial banks 2/ 1/</th><th>525 mutual savings banks 2/</th><th colspan="2">Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>4/</th></tr><tr><th>Type of security:</th><th></th><th></th><th></th><th>312 life</th><th>581 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Issued by U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>20,805</td><td>2,228</td><td>127</td><td>302</td><td>56</td><td>840</td><td>17,253</td></tr><tr><td>Certificates of indebtedness</td><td>20,759</td><td>1,446</td><td>44</td><td>22</td><td>60</td><td>11,181</td><td>8,005</td></tr><tr><td>Treasury notes</td><td>36,107</td><td>11,694</td><td>361</td><td>55</td><td>739</td><td>9,784</td><td>13,474</td></tr><tr><td>Treasury bonds</td><td>81,843</td><td>34,752</td><td>6,119</td><td>4,425</td><td>3,430</td><td>6,360</td><td>26,756</td></tr><tr><td>Panama Canal bonds</td><td>50</td><td>7</td><td>-</td><td>-</td><td>1</td><td>*</td><td>42</td></tr><tr><td>Guaranteed by U.S. Government 1/</td><td>61</td><td>12</td><td>10</td><td>15</td><td>*</td><td>17</td><td>8</td></tr><tr><td>Total</td><td>159,625</td><td>50,138</td><td>6,662</td><td>4,820</td><td>4,285</td><td>28,182</td><td>65,538</td></tr><tr><td>Call classes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>69,523</td><td>11,917</td><td>350</td><td>377</td><td>537</td><td>21,175</td><td>35,166</td></tr><tr><td>1 to 5 years</td><td>35,888</td><td>19,891</td><td>923</td><td>294</td><td>1,620</td><td>2,405</td><td>11,754</td></tr><tr><td>5 to 10 years</td><td>40,414</td><td>16,543</td><td>4,437</td><td>3,515</td><td>1,733</td><td>3,714</td><td>10,471</td></tr><tr><td>10 to 15 years</td><td>8,389</td><td>1,593</td><td>502</td><td>281</td><td>260</td><td>576</td><td>5,176</td></tr><tr><td>15 to 20 years</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Over 20 years</td><td>4,351</td><td>183</td><td>440</td><td>336</td><td>134</td><td>295</td><td>2,963</td></tr><tr><td>Various (Federal Housing Administration debentures)</td><td>61</td><td>12</td><td>10</td><td>15</td><td>*</td><td>17</td><td>8</td></tr><tr><td>Total</td><td>159,625</td><td>50,138</td><td>6,662</td><td>4,820</td><td>4,285</td><td>28,182</td><td>65,538</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>50</td><td>7</td><td>-</td><td>-</td><td>1</td><td>*</td><td>42</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>3,386</td><td>2,578</td><td>2</td><td>*</td><td>129</td><td>2</td><td>675</td></tr><tr><td>Subject to Federal income taxes 9/</td><td>156,189</td><td>47,553</td><td>6,660</td><td>4,819</td><td>4,156</td><td>28,180</td><td>64,821</td></tr><tr><td>Total</td><td>159,625</td><td>50,138</td><td>6,662</td><td>4,820</td><td>4,285</td><td>28,182</td><td>65,538</td></tr></table>
Footnotes at end of Section II.
August 1956
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1956
43
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by issues
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status B/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors $</th></tr><tr><th></th><th></th><th>6,710 commercial banks 2/ 3/</th><th>525 mutual savings banks 2/</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>312 life</th><th>501 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Treasury bills....................(taxable)</td><td>20,805</td><td>2,228</td><td>127</td><td>302</td><td>56</td><td>840</td><td>17,253</td></tr><tr><td colspan="8">Certificates of indebtedness:</td></tr><tr><td>2% June 1956-B 10/.............(taxable)</td><td>1,486</td><td>84</td><td>7</td><td>1</td><td>4</td><td>-</td><td>1,391</td></tr><tr><td>2-1/4 June 1956-C 10/........(taxable)</td><td>2,970</td><td>268</td><td>8</td><td>15</td><td>14</td><td>23</td><td>2,643</td></tr><tr><td>2-5/8 December 1956-D........(taxable)</td><td>9,083</td><td>725</td><td>28</td><td>1</td><td>29</td><td>6,020</td><td>2,281</td></tr><tr><td>2-5/8 February 1957-A........(taxable)</td><td>7,219</td><td>368</td><td>2</td><td>6</td><td>14</td><td>5,139</td><td>1,690</td></tr><tr><td>Total certificates of indebtedness</td><td>20,759</td><td>1,446</td><td>44</td><td>22</td><td>60</td><td>11,181</td><td>8,005</td></tr><tr><td colspan="8">Treasury notes:</td></tr><tr><td>2% August 1956-B.............(taxable)</td><td>12,547</td><td>889</td><td>26</td><td>2</td><td>40</td><td>7,523</td><td>4,067</td></tr><tr><td>1-1/2 October 1956-EO........(taxable)</td><td>550</td><td>8</td><td>1</td><td>-</td><td>*</td><td>500</td><td>41</td></tr><tr><td>2-7/8 March 1957-A............(taxable)</td><td>2,997</td><td>1,132</td><td>57</td><td>3</td><td>92</td><td>113</td><td>1,600</td></tr><tr><td>1-1/2 April 1957-RA...........(taxable)</td><td>531</td><td>18</td><td>*</td><td>-</td><td>*</td><td>500</td><td>13</td></tr><tr><td>1-5/8 May 1957-B.............(taxable)</td><td>4,155</td><td>1,821</td><td>15</td><td>*</td><td>104</td><td>112</td><td>2,103</td></tr><tr><td>2 August 1957-C.............(taxable)</td><td>3,792</td><td>1,902</td><td>13</td><td>*</td><td>114</td><td>12</td><td>1,751</td></tr><tr><td>1-1/2 October 1957-BO........(taxable)</td><td>824</td><td>69</td><td>1</td><td>-</td><td>4</td><td>714</td><td>37</td></tr><tr><td>1-1/2 April 1958-RA...........(taxable)</td><td>383</td><td>234</td><td>1</td><td>15</td><td>29</td><td>-</td><td>104</td></tr><tr><td>2-7/8 June 1958-A............(taxable)</td><td>4,392</td><td>1,552</td><td>156</td><td>9</td><td>88</td><td>270</td><td>2,317</td></tr><tr><td>1-1/2 October 1958-BO........(taxable)</td><td>121</td><td>80</td><td>*</td><td>-</td><td>5</td><td>-</td><td>36</td></tr><tr><td>1-7/8 February 1959-A........(taxable)</td><td>5,102</td><td>3,515</td><td>69</td><td>12</td><td>203</td><td>38</td><td>1,266</td></tr><tr><td>1-1/2 April 1959-RA...........(taxable)</td><td>119</td><td>77</td><td>10</td><td>2</td><td>4</td><td>-</td><td>26</td></tr><tr><td>1-1/2 October 1959-BO........(taxable)</td><td>99</td><td>78</td><td>-</td><td>-</td><td>5</td><td>-</td><td>16</td></tr><tr><td>1-1/2 April 1960-RA...........(taxable)</td><td>198</td><td>132</td><td>5</td><td>-</td><td>25</td><td>2</td><td>35</td></tr><tr><td>1-1/2 October 1960-BO........(taxable)</td><td>278</td><td>183</td><td>8</td><td>12</td><td>25</td><td>-</td><td>49</td></tr><tr><td>1-1/2 April 1961-RA...........(taxable)</td><td>19</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14</td></tr><tr><td>Total Treasury notes</td><td>36,107</td><td>11,694</td><td>361</td><td>55</td><td>739</td><td>9,784</td><td>13,474</td></tr><tr><td colspan="8">Treasury bonds:</td></tr><tr><td>2-1/2% March 1956-58........(taxable)</td><td>1,449</td><td>763</td><td>32</td><td>2</td><td>39</td><td>25</td><td>588</td></tr><tr><td>2-1/4 September 1956-59......(taxable)</td><td>3,821</td><td>2,693</td><td>35</td><td>46</td><td>105</td><td>38</td><td>905</td></tr><tr><td>2-3/4 September 1956-59......(partially)</td><td>982</td><td>481</td><td>1</td><td>*</td><td>30</td><td>2</td><td>468</td></tr><tr><td>2-3/8 March 1957-59........(taxable)</td><td>927</td><td>439</td><td>13</td><td>*</td><td>10</td><td>342</td><td>123</td></tr><tr><td>2-3/8 June 1958.............(taxable)</td><td>4,245</td><td>2,323</td><td>130</td><td>17</td><td>258</td><td>36</td><td>1,481</td></tr><tr><td>2-3/4 June 1958-63........(partially)</td><td>919</td><td>795</td><td>*</td><td>*</td><td>34</td><td>*</td><td>89</td></tr><tr><td>2-1/2 December 1958........(taxable)</td><td>2,368</td><td>1,419</td><td>52</td><td>9</td><td>77</td><td>20</td><td>792</td></tr><tr><td>2-1/4 June 1959-62........(taxable)</td><td>5,275</td><td>2,247</td><td>332</td><td>107</td><td>347</td><td>557</td><td>1,684</td></tr><tr><td>2-1/4 December 1959-62......(taxable)</td><td>3,463</td><td>1,173</td><td>117</td><td>110</td><td>223</td><td>737</td><td>1,102</td></tr><tr><td>2-1/8 November 1960........(taxable)</td><td>3,806</td><td>2,805</td><td>29</td><td>1</td><td>116</td><td>18</td><td>837</td></tr><tr><td>2-3/4 December 1960-65......(partially)</td><td>1,485</td><td>1,302</td><td>*</td><td>*</td><td>64</td><td>*</td><td>118</td></tr><tr><td>2-3/4 September 1961........(taxable)</td><td>2,239</td><td>1,398</td><td>151</td><td>37</td><td>109</td><td>38</td><td>905</td></tr><tr><td>2-1/2 November 1961........(taxable)</td><td>11,177</td><td>7,661</td><td>644</td><td>32</td><td>449</td><td>68</td><td>2,903</td></tr><tr><td>2-1/2 June 1962-67........(taxable)</td><td>2,115</td><td>626</td><td>255</td><td>339</td><td>108</td><td>271</td><td>516</td></tr><tr><td>2-1/2 August 1963............(taxable)</td><td>6,755</td><td>4,560</td><td>257</td><td>30</td><td>265</td><td>33</td><td>1,610</td></tr><tr><td>2-1/2 December 1963-68......(taxable)</td><td>2,825</td><td>503</td><td>528</td><td>362</td><td>204</td><td>425</td><td>803</td></tr><tr><td>2-1/2 June 1964-69........(taxable)</td><td>3,792</td><td>673</td><td>1,023</td><td>419</td><td>185</td><td>438</td><td>1,013</td></tr><tr><td>2-1/2 December 1964-69......(taxable)</td><td>3,828</td><td>629</td><td>721</td><td>586</td><td>153</td><td>518</td><td>1,222</td></tr><tr><td>2-1/2 March 1965-70........(taxable)</td><td>4,715</td><td>351</td><td>714</td><td>894</td><td>155</td><td>1,225</td><td>1,374</td></tr><tr><td>2-1/2 March 1966-71........(taxable)</td><td>2,958</td><td>134</td><td>323</td><td>816</td><td>104</td><td>698</td><td>944</td></tr><tr><td>2-1/2 June 1967-72........(taxable)</td><td>1,875</td><td>92</td><td>204</td><td>80</td><td>46</td><td>148</td><td>1,300</td></tr><tr><td>2-1/2 September 1967-72....(taxable)</td><td>2,716</td><td>1,368</td><td>179</td><td>14</td><td>102</td><td>205</td><td>649</td></tr><tr><td>2-1/2 December 1967-72....(taxable)</td><td>3,197</td><td>133</td><td>120</td><td>187</td><td>113</td><td>224</td><td>3,021</td></tr><tr><td>3-1/4 June 1978-83........(taxable)</td><td>1,606</td><td>36</td><td>99</td><td>98</td><td>31</td><td>144</td><td>1,199</td></tr><tr><td>3 February 1995.............(taxable)</td><td>2,745</td><td>147</td><td>341</td><td>239</td><td>104</td><td>132</td><td>1,761</td></tr><tr><td>Total Treasury bonds</td><td>81,843</td><td>34,752</td><td>6,119</td><td>4,425</td><td>3,430</td><td>6,160</td><td>20,776</td></tr></table>
(Continued on following page)
Footnotes at end of Section II.
44
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1956
Section 1 - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 3/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th></tr><tr><th></th><th></th><th>6,710 commercial banks 2/ 3/</th><th>525 mutual savings banks 2/</th><th colspan="2">Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 3/</th></tr><tr><th></th><th></th><th></th><th></th><th>312 life</th><th>581 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Panama Canal bonds....................(usually)</td><td>50</td><td>7</td><td>-</td><td>-</td><td>1</td><td>*</td><td>42</td></tr><tr><td>Guaranteed securities: 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Housing Administration debentures....................(usually 11/)</td><td>61</td><td>12</td><td>10</td><td>15</td><td>*</td><td>17</td><td>8</td></tr><tr><td>Total public marketable securities....................</td><td>159,625</td><td>50,136</td><td>6,662</td><td>4,820</td><td>4,205</td><td>28,182</td><td>65,538</td></tr></table>
Footnotes at end of Section II.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues (Par values - in millions of dollars)
<table><tr><th>Issue (Tax status & is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors only</th></tr><tr><th></th><th></th><th>6,710 commercial banks 2/ 3/</th><th>25 mutual savings banks 2/</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>312 life</th><th>581 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 I 2/ (taxable)</td><td>37,851</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>37,849</td></tr><tr><td>Series P 2/ (taxable)</td><td>2,323</td><td>376</td><td>9</td><td>25</td><td>70</td><td>*</td><td>1,845</td></tr><tr><td>Series C (taxable)</td><td>11,519</td><td>729</td><td>425</td><td>213</td><td>338</td><td>12</td><td>9,802</td></tr><tr><td>Series R (taxable)</td><td>2,971</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,971</td></tr><tr><td>Series J 2/ (taxable)</td><td>805</td><td>1</td><td>1</td><td>3</td><td>13</td><td>*</td><td>787</td></tr><tr><td>Series K (taxable)</td><td>2,257</td><td>3</td><td>49</td><td>11</td><td>45</td><td>5</td><td>2,146</td></tr><tr><td>Total United States savings bonds</td><td>57,729</td><td>1,108</td><td>484</td><td>252</td><td>465</td><td>19</td><td>55,399</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>Depositary bonds (taxable)</td><td>307</td><td>307 12/</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>912</td><td>185</td><td>121</td><td>265</td><td>35</td><td>100</td><td>205</td></tr><tr><td>Investment Series B (taxable)</td><td>11,126</td><td>195</td><td>1,161</td><td>2,735</td><td>260</td><td>3,369</td><td>3,646</td></tr><tr><td>Total other U.S. securities</td><td>12,345</td><td>647 12/</td><td>1,282</td><td>2,800</td><td>295</td><td>3,469</td><td>3,850</td></tr><tr><td>Total public nonmarketable securities</td><td>70,073</td><td>1,755 12/</td><td>1,766</td><td>3,053</td><td>761</td><td>3,489</td><td>59,250</td></tr></table>
Footnotes at end of Section II.
August 1956
45
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1956
Section II - Interest-Bearing Securities Issued by Federal Agencies but Not Guaranteed by the United States Government
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status & is shown in parentheses)</th><th>Total amount outstanding 13/</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 4/</th></tr><tr><th></th><th></th><th>6,710 commercial banks 2/ 3/</th><th>525 mutual savings banks 2/</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>312 life</th><th>581 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Banks for cooperatives:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2.35% June 1956 (Debentures)....(taxable)</td><td>30</td><td>15</td><td>1</td><td>-</td><td>-</td><td>-</td><td>14</td></tr><tr><td>2.95 September 1956 (Debentures)....(taxable)</td><td>40</td><td>13</td><td>4</td><td>-</td><td>-</td><td>-</td><td>22</td></tr><tr><td>2 June 1957 (Debentures)1 1/4 (taxable)</td><td>40</td><td>27</td><td>1</td><td>-</td><td>4</td><td>-</td><td>8</td></tr><tr><td>Total banks for cooperatives securities</td><td>110</td><td>55</td><td>7</td><td>-</td><td>4</td><td>-</td><td>44</td></tr><tr><td>Federal home loan banks: 15/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% June 1956 (Notes)......(taxable)</td><td>145</td><td>25</td><td>10</td><td>*</td><td>2</td><td>1</td><td>108</td></tr><tr><td>3-1/8 July 1956 (Notes)......(taxable)</td><td>144</td><td>21</td><td>7</td><td>6</td><td>3</td><td>-</td><td>108</td></tr><tr><td>3.20 August 1956 (Notes)......(taxable)</td><td>125</td><td>24</td><td>3</td><td>12</td><td>2</td><td>1</td><td>83</td></tr><tr><td>3-1/8 September 1956 (Notes)......(taxable)</td><td>150</td><td>22</td><td>3</td><td>*</td><td>1</td><td>-</td><td>124</td></tr><tr><td>3.15 October 1956 (Notes)......(taxable)</td><td>59</td><td>15</td><td>3</td><td>1</td><td>*</td><td>-</td><td>40</td></tr><tr><td>3-1/2 November 1956 (Notes)......(taxable)</td><td>126</td><td>26</td><td>9</td><td>*</td><td>2</td><td>-</td><td>89</td></tr><tr><td>3.05 January 1957 (Notes)......(taxable)</td><td>164</td><td>36</td><td>8</td><td>1</td><td>2</td><td>-</td><td>118</td></tr><tr><td>Total Federal home loan bank securities</td><td>913</td><td>168</td><td>42</td><td>20</td><td>12</td><td>2</td><td>669</td></tr><tr><td>Federal intermediate credit banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debentures.....................(taxable)</td><td>775</td><td>236</td><td>44</td><td>4</td><td>12</td><td>-</td><td>479</td></tr><tr><td>Federal land banks: 16/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-3/4% October 1955-57 (Bonds)......(taxable)</td><td>215</td><td>152</td><td>4</td><td>*</td><td>6</td><td>1</td><td>52</td></tr><tr><td>2-7/8 September 1956 (Bonds)......(taxable)</td><td>130</td><td>31</td><td>3</td><td>1</td><td>2</td><td>-</td><td>94</td></tr><tr><td>3 February 1957 (Bonds)......(taxable)</td><td>130</td><td>35</td><td>10</td><td>1</td><td>*</td><td>*</td><td>83</td></tr><tr><td>3.30 May 1957 (Bonds)......(taxable)</td><td>170</td><td>48</td><td>10</td><td>1</td><td>*</td><td>*</td><td>111</td></tr><tr><td>2-3/4 May 1958 (Bonds)......(taxable)</td><td>131</td><td>57</td><td>10</td><td>1</td><td>4</td><td>-</td><td>59</td></tr><tr><td>2-1/4 November 1958 (Bonds)......(taxable)</td><td>184</td><td>116</td><td>2</td><td>1</td><td>8</td><td>-</td><td>57</td></tr><tr><td>2-1/4 May 1959 (Bonds)......(taxable)</td><td>71</td><td>45</td><td>5</td><td>-</td><td>2</td><td>-</td><td>18</td></tr><tr><td>2-1/4 February 1960 (Bonds)......(taxable)</td><td>124</td><td>81</td><td>3</td><td>*</td><td>2</td><td>-</td><td>38</td></tr><tr><td>2-1/2 June 1960 (Bonds)......(taxable)</td><td>106</td><td>57</td><td>7</td><td>*</td><td>2</td><td>-</td><td>40</td></tr><tr><td>3-1/2 May 1971 (Bonds)......(taxable)</td><td>60</td><td>3</td><td>14</td><td>2</td><td>3</td><td>-</td><td>38</td></tr><tr><td>Total Federal land bank securities</td><td>1,322</td><td>626</td><td>67</td><td>7</td><td>31</td><td>1</td><td>590</td></tr><tr><td>Federal National Mortgage Association:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/8% November 1956 (Debentures)....(taxable)</td><td>100</td><td>26</td><td>15</td><td>2</td><td>1</td><td>3</td><td>52</td></tr><tr><td>2-1/2 January 1958 (Notes)......(taxable)</td><td>570</td><td>354</td><td>21</td><td>*</td><td>4</td><td>-</td><td>191</td></tr><tr><td>Total Federal National Mortgage Association securities</td><td>670</td><td>380</td><td>36</td><td>3</td><td>5</td><td>3</td><td>244</td></tr></table>
1/ Includes certain obligations not subject to statutory debt limitation. For amount subject to limitation, see page 1.
2/ Excludes trust departments.
3/ Includes trust companies and, beginning with figures for July 1949, also includes stock savings banks. Previously, those banks were reported as a separate classification.
4/ Includes those banks and insurance companies not reporting to the Treasury Survey.
5/ United States savings bonds, Series E, F, and J, are shown at current redemption value. They were reported at maturity value by the banks and insurance companies included in the Treasury Survey but have been adjusted to current redemption value for use in this statement.
6/ Holdings by reporting investors not available.
7/ 8/ Excludes guaranteed securities held by the Treasury.
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 case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any one holder is also exempt from surtax. "Taxable" securities are those with the income subject to normal tax and surtax.
9/ Includes Federal Housing Administration debentures; see footnote 11/.
10/ Tar anticipation series.
11/ A small indeterminate amount of these debentures is partially tax-exempt.
12/ Includes $90 million depositary bonds held by commercial banks not included in the Treasury Survey.
13/ Includes only publicly offered issues.
14/ Central Bank for Cooperatives debentures.
15/ The proprietary interest of the United States in these banks ended in July 1951.
16/ The proprietary interest of the United States in these banks ended in June 1947.
* Less than $500,000.
46
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 29, 1956
Current market quotations shown here are over-the-counter closing bid quotations in the New York market for the last trading day of the month, as reported to the Treasury by the Federal Reserve Bank of New York. The securities listed include all regularly quoted
public marketable securities issued by the United States Government except Panama Canal bonds. Outstanding issues which are guaranteed by the United States Government are excluded because they are not regularly quoted in the market.
Table 1.- Treasury Bills (Taxable)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Maturity date</th><th rowspan="2">Issue date</th><th colspan="2">Bank discount</th></tr><tr><th>Bid</th><th>Change from last month</th><th>Bid</th><th>Change from last month</th></tr><tr><td>$1,500</td><td>7/5/56</td><td>4/5/56</td><td>2.25%</td><td>-.21%</td><td>$1,600</td><td>8/23/56</td><td>5/24/56</td><td>2.38%</td><td>-.18%</td></tr><tr><td>1,01</td><td>7/12/56</td><td>4/12/56</td><td>2.25</td><td>-.23</td><td>1,600</td><td>8/30/56</td><td>5/31/56</td><td>2.38</td><td>-.19</td></tr><tr><td>1,00</td><td>7/19/56</td><td>4/19/56</td><td>2.25</td><td>-.23</td><td>1,602</td><td>9/6/56</td><td>6/7/56</td><td>2.40</td><td>-</td></tr><tr><td>1,00</td><td>7/26/56</td><td>4/26/56</td><td>2.25</td><td>-.25</td><td>1,602</td><td>9/13/56</td><td>6/14/56</td><td>2.40</td><td>-</td></tr><tr><td>1,00</td><td>8/2/56</td><td>5/3/56</td><td>2.36</td><td>-.16</td><td>1,600</td><td>9/20/56</td><td>6/21/56</td><td>2.40</td><td>-</td></tr><tr><td>1,601</td><td>8/9/56</td><td>5/10/56</td><td>2.38</td><td>-.16</td><td>1,601</td><td>9/27/56</td><td>6/28/56</td><td>2.42</td><td>-</td></tr><tr><td>1,01</td><td>8/16/56</td><td>5/17/56</td><td>2.39</td><td>-.17</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Table 2.- Certificates of Indebtedness (Taxable)
(Frico 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>$9,033 7,113</td><td>2-1/3% - 12/1/56-d 3-5/8% - 9/15/57-d</td><td>12/1/55 3/5/56</td><td>100.01 100.02</td><td>+.02 +.04</td><td>2.51% 2.50</td><td>-.14% -.20</td></tr></table>
Table 3.- Treasury Notes (Taxable)
(Price decimale are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 1/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td>31,300</td><td>4 - 5/15/56-3</td><td>99.31</td><td>+ .03%</td><td>2.24%</td><td>- .46%</td><td>5/17/55</td><td>100.03%</td><td>6/14/55</td><td>99.17</td><td>12/28/55</td></tr><tr><td>500</td><td>1-1/2 - 10/1/57-EA</td><td>99.22</td><td>+ .02</td><td>2.76</td><td>+ .10</td><td>10/1/51</td><td>101.00</td><td>9/13/54</td><td>96.20</td><td>6/8/53</td></tr><tr><td>77</td><td>2-7/6 - 3/15/57-A</td><td>100.07</td><td>+ .04</td><td>2.56</td><td>- .19</td><td>9/15/53</td><td>104.01</td><td>2/24/54</td><td>99.28</td><td>4/16/56</td></tr><tr><td>31</td><td>1-1/2 - 4/1/57-EA</td><td>97.00</td><td>+ .02</td><td>2.61</td><td>+ .03</td><td>4/1/52</td><td>100.14</td><td>8/6/54</td><td>95.24</td><td>6/5/53</td></tr><tr><td>4,155</td><td>1-5/6 - 5/15/57-3</td><td>99.00</td><td>+ .11</td><td>2.56</td><td>- .31</td><td>10/4/54</td><td>100.04</td><td>11/19/54</td><td>98.13</td><td>9/1/55</td></tr><tr><td>3,772</td><td>2 - 5/15/57-0</td><td>99.00</td><td>+ .11</td><td>2.66</td><td>- .25</td><td>2/15/55</td><td>100.04</td><td>1/28/55</td><td>98.15</td><td>4/16/56</td></tr><tr><td>4</td><td>1-1/2 - 10/1/57-EA</td><td>98.15</td><td>+ .08</td><td>2.73</td><td>- .13</td><td>10/1/52</td><td>100.12</td><td>9/7/54</td><td>94.24</td><td>6/2/53</td></tr><tr><td>7</td><td>1-1/2 - 4/1/58-EA</td><td>97.26</td><td>+ .08</td><td>2.79</td><td>- .09</td><td>4/1/53</td><td>100.00</td><td>4/29/54</td><td>93.16</td><td>6/4/53</td></tr><tr><td>1</td><td>2-7/ - 4/25/58-A</td><td>100.00</td><td>+ .05</td><td>2.87</td><td>- .08</td><td>12/1/55</td><td>100.22</td><td>2/7/56</td><td>99.04</td><td>4/16/56</td></tr><tr><td>1.1</td><td>1-1/2 - 10/1/58-EA</td><td>97.34</td><td>+ .04</td><td>2.82</td><td>- .05</td><td>10/1/53</td><td>99.28</td><td>7/19/54</td><td>96.02</td><td>10/5/53</td></tr><tr><td>102</td><td>1-7/ - 1/15/59-A</td><td>97.18</td><td>+ .07</td><td>2.85</td><td>- .05</td><td>5/17/54</td><td>100.21</td><td>7/16/54</td><td>96.14</td><td>4/27/56</td></tr><tr><td>11</td><td>1-1/2 - 4/1/59-EA</td><td>96.16</td><td>+ .08</td><td>2.83</td><td>- .06</td><td>4/1/54</td><td>99.20</td><td>5/4/54</td><td>95.20</td><td>4/30/56</td></tr><tr><td>77</td><td>1-1/2 - 10/1/59-EA</td><td>95.28</td><td>+ .06</td><td>2.83</td><td>- .06</td><td>10/1/54</td><td>98.18</td><td>10/5/54</td><td>95.02</td><td>5/1/56</td></tr><tr><td>17</td><td>1-1/2 - 4/1/60-EA</td><td>95.06</td><td>+ .04</td><td>2.86</td><td>- .01</td><td>4/1/55</td><td>96.34</td><td>11/4/55</td><td>94.16</td><td>4/30/56</td></tr><tr><td>7</td><td>1-1 - 1/1/60-EA</td><td>94.16</td><td>+ .12</td><td>2.83</td><td>- .07</td><td>10/1/55</td><td>95.20</td><td>11/7/55</td><td>93.14</td><td>4/30/56</td></tr><tr><td>7</td><td>1-1/2 - 4/1/61-EA</td><td>94.03</td><td>+ .25</td><td>2.83</td><td>- .17</td><td>4/1/56</td><td>94.03</td><td>6/29/56</td><td>92.24</td><td>5/1/56</td></tr></table>
Note: at end of Table 5
August 1956
47
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 29, 1976
Table 4.- Taxable Treasury 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 1/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$1,449</td><td>2-1/2/ - 3/15/56-58</td><td>99.12</td><td>+0.03</td><td>2.88%</td><td>-.04%</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>3,821</td><td>2-1/4/ - 9/15/56-59</td><td>98.00</td><td>+0.05</td><td>2.91</td><td>-.03</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>98.26</td><td>+0.08</td><td>2.83</td><td>-.09</td><td>3/1/52</td><td>102.26</td><td>7/2/54</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>99.02</td><td>+0.07</td><td>2.88</td><td>-.09</td><td>7/1/52</td><td>102.30</td><td>4/29/54</td><td>96.10</td><td>6/1/53</td></tr><tr><td>2,368</td><td>2-1/2/ - 12/15/58</td><td>99.07</td><td>+0.10</td><td>2.83</td><td>-.12</td><td>2/15/53</td><td>103.24</td><td>4/29/54</td><td>97.04</td><td>6/1/53</td></tr><tr><td>5,274</td><td>2-1/4/ - 6/15/59-62</td><td>96.09</td><td>-.04</td><td>2.94</td><td>+0.04</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>3,463</td><td>2-1/4/ - 12/15/59-62</td><td>96.07</td><td>-.05</td><td>2.89</td><td>+0.03</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>3,806</td><td>2-1/8/ - 11/15/60</td><td>96.29</td><td>+.08</td><td>2.89</td><td>.00</td><td>8/15/54</td><td>100.19</td><td>9/17/54</td><td>95.18</td><td>4/16/56</td></tr><tr><td>2,239</td><td>2-3/4/ - 9/15/61</td><td>99.05</td><td>-.04</td><td>2.94</td><td>+0.04</td><td>11/9/53</td><td>104.22</td><td>1/30/54</td><td>97.27</td><td>4/16/56</td></tr><tr><td>11,177</td><td>2-1/2/ - 11/15/61</td><td>97.16</td><td>-.03</td><td>3.01</td><td>+0.03</td><td>2/15/54</td><td>103.00</td><td>4/30/54</td><td>96.02</td><td>4/16/56</td></tr><tr><td>2,115</td><td>2-1/2/ - 6/15/62-67</td><td>96.10</td><td>-.16</td><td>2.90</td><td>+0.06</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>6,755</td><td>2-1/2/ - 8/15/63</td><td>96.30</td><td>-.04</td><td>2.98</td><td>+0.02</td><td>12/15/54</td><td>100.15</td><td>12/10/54</td><td>95.03</td><td>4/17/56</td></tr><tr><td>2,824</td><td>2-1/2/ - 12/15/63-68</td><td>95.14</td><td>-.11</td><td>2.94</td><td>+0.03</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>3,752</td><td>2-1/2/ - 6/15/61-69</td><td>95.08</td><td>-.09</td><td>2.94</td><td>+0.02</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>3,828</td><td>2-1/2/ - 12/15/61-69</td><td>95.06</td><td>-.09</td><td>2.94</td><td>+0.04</td><td>9/15/43</td><td>107.24</td><td>4/6/46</td><td>90.20</td><td>6/1/53</td></tr><tr><td>4,714</td><td>2-1/2/ - 3/15/65-70</td><td>94.31</td><td>-.11</td><td>2.95</td><td>+0.03</td><td>2/1/44</td><td>107.23</td><td>4/6/46</td><td>90.18</td><td>6/1/53</td></tr><tr><td>2,958</td><td>2-1/2/ - 3/15/66-71</td><td>94.28</td><td>-.11</td><td>2.93</td><td>+0.03</td><td>12/1/44</td><td>107.22</td><td>4/6/46</td><td>90.16</td><td>6/1/53</td></tr><tr><td>1,875</td><td>2-1/2/ - 6/15/67-72 2/</td><td>94.25</td><td>-.13</td><td>2.91</td><td>+0.03</td><td>6/1/45</td><td>106.16</td><td>4/6/46</td><td>89.30</td><td>6/1/53</td></tr><tr><td>2,716</td><td>2-1/2/ - 9/15/67-72 2/</td><td>94.24</td><td>-.10</td><td>2.91</td><td>+0.02</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>3,796</td><td>2-1/2/ - 12/15/67-72 2/</td><td>94.24</td><td>-.14</td><td>2.90</td><td>+0.03</td><td>11/15/45</td><td>106.16</td><td>4/6/46</td><td>89.30</td><td>6/1/53</td></tr><tr><td>1,606</td><td>3-1/4/ - 6/15/78-83 3/</td><td>104.16</td><td>+0.02</td><td>2.97 1/</td><td>.00</td><td>5/1/53</td><td>111.28</td><td>8/4/54</td><td>98.20</td><td>6/1/53</td></tr><tr><td>2,745</td><td>3/ - 2/15/95 3/</td><td>99.26</td><td>+0.03</td><td>3.01</td><td>.00</td><td>2/15/55</td><td>101.12</td><td>6/8/55</td><td>97.02</td><td>4/17/56</td></tr></table>
Footnotes at end of Table 5.
Table 5. - Partially Tax-Exempt Treasury Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount out-standing (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 1/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$982</td><td>2-3/4 - 9/15/56-59 5/</td><td>100.06</td><td>-.01</td><td>1.81%</td><td>-.14%</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>101.06</td><td>+.04</td><td>2.13</td><td>-.08</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>102.14</td><td>-.02</td><td>2.18</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/ 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 the case of recurrences are the latest dates.
2/ Included in the average of taxable Treasury bonds due or callable from 10 to 20 years beginning April 1, 1953, as shown under "Average
3/ Yields of Long-Term Bonds. Included in the average of taxable Treasury bonds due or callable 20 years and after, as shown under "Average Yields of Long-Term Bonds."
4/ Yield to first call. Yields are computed to call date when the price is above par and to maturity when the price is at or below par.
5/ Called on May 14, 1956, for redemption on September 15, 1956.
YIELDS OF TAXABLE TREASURY SECURITIES. JUNE 29,1956 Based on Closing Bid Quotations
Office of the Secretary of the Treasury
F-598-D
48
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 29, 1956
Treasury Bulletin
August 1956
49
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/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th>Taxable Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th>Taxable Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th></tr><tr><td colspan="9">Annual series 1942 through 1952 - calendar year averages of monthly series</td></tr><tr><td>1942</td><td>2.16</td><td>2.83</td><td>1946</td><td>2.19</td><td>2.53</td><td>1950</td><td>2.32</td><td>2.62</td></tr><tr><td>1943</td><td>2.17</td><td>2.73</td><td>1947</td><td>2.25</td><td>2.61</td><td>1951</td><td>2.57</td><td>2.86</td></tr><tr><td>1944</td><td>2.18</td><td>2.72</td><td>1948</td><td>2.44</td><td>2.82</td><td>1952</td><td>2.68</td><td>2.96</td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1949</td><td>2.31</td><td>2.66</td><td></td><td></td><td></td></tr><tr><td colspan="9">Monthly series January 1951 through March 1953 - averages of daily series</td></tr><tr><td>1951-Jan.</td><td>2.39</td><td>2.66</td><td>1951-Oct.</td><td>2.61</td><td>2.89</td><td>1952-July</td><td>2.61</td><td>2.95</td></tr><tr><td>Feb.</td><td>2.40</td><td>2.66</td><td>Nov.</td><td>2.66</td><td>2.96</td><td>Aug.</td><td>2.70</td><td>2.94</td></tr><tr><td>Mar.</td><td>2.47</td><td>2.78</td><td>Dec.</td><td>2.70</td><td>3.01</td><td>Sept.</td><td>2.71</td><td>2.95</td></tr><tr><td>Apr.</td><td>2.36</td><td>2.87</td><td>1952-Jan.</td><td>2.74</td><td>2.98</td><td>Oct.</td><td>2.74</td><td>3.01</td></tr><tr><td>May</td><td>2.63</td><td>2.88</td><td>Feb.</td><td>2.71</td><td>2.93</td><td>Nov.</td><td>2.71</td><td>2.98</td></tr><tr><td>June</td><td>2.65</td><td>2.94</td><td>Mar.</td><td>2.70</td><td>2.96</td><td>Dec.</td><td>2.75</td><td>2.97</td></tr><tr><td>July</td><td>2.63</td><td>2.94</td><td>Apr.</td><td>2.64 2/</td><td>2.93</td><td>1953-Jan.</td><td>2.80</td><td>3.02</td></tr><tr><td>Aug.</td><td>2.57</td><td>2.88</td><td>May</td><td>2.57</td><td>2.93</td><td>Feb.</td><td>2.83</td><td>3.07</td></tr><tr><td>Sept.</td><td>2.56</td><td>2.84</td><td>June</td><td>2.61</td><td>2.94</td><td>Mar.</td><td>2.89</td><td>3.12</td></tr><tr><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th colspan="2">Taxable Treasury bonds, due or callable</th><th>Moody's Aaa corporate bonds</th></tr><tr><th></th><th>From 10 to 20 years</th><th>20 years and after</th><th></th><th></th><th>From 10 to 20 years</th><th>20 years and after</th><th></th><th></th><th>From 10 to 20 years</th><th>20 years and after</th><th></th></tr><tr><td colspan="11">Annual series beginning 1953 - calendar year averages of monthly series</td></tr><tr><td>1953</td><td>2.92 3/</td><td>3.16 4/</td><td>3.20</td><td>1954</td><td>2.52</td><td>2.71</td><td>2.90</td><td>1955</td><td>2.80</td><td>2.94</td><td>3.06</td></tr><tr><td colspan="11">Monthly series beginning April 1953 - averages of daily series</td></tr><tr><td>1953-Apr.</td><td>2.96</td><td>3.24</td><td>3.23</td><td>1954-July</td><td>2.45</td><td>2.62</td><td>2.89</td><td>1955-Oct.</td><td>2.82</td><td>2.96</td><td>3.10</td></tr><tr><td>May</td><td>3.09</td><td>3.26</td><td>3.34</td><td>Aug.</td><td>2.46</td><td>2.60</td><td>2.87</td><td>Nov.</td><td>2.85</td><td>2.96</td><td>3.10</td></tr><tr><td>June</td><td>3.11</td><td>3.29</td><td>3.40</td><td>Sept.</td><td>2.50</td><td>2.64</td><td>2.89</td><td>Dec.</td><td>2.88</td><td>2.97</td><td>3.15</td></tr><tr><td>July</td><td>2.99</td><td>3.25</td><td>3.28</td><td>Oct.</td><td>2.52</td><td>2.65</td><td>2.87</td><td>1956-Jan.</td><td>2.86</td><td>2.94</td><td>3.11</td></tr><tr><td>Aug.</td><td>2.99</td><td>3.22</td><td>3.24</td><td>Nov.</td><td>2.55</td><td>2.68</td><td>2.89</td><td>Feb.</td><td>2.86</td><td>2.93</td><td>3.08</td></tr><tr><td>Sept.</td><td>2.95</td><td>3.19</td><td>3.29</td><td>Dec.</td><td>2.57</td><td>2.68</td><td>2.90</td><td>Mar.</td><td>2.90</td><td>2.98</td><td>3.10</td></tr><tr><td>Oct.</td><td>2.81</td><td>3.06</td><td>3.16</td><td>1955-Jan.</td><td>2.66</td><td>2.77 5/</td><td>2.93</td><td>Apr.</td><td>3.05</td><td>3.10</td><td>3.24</td></tr><tr><td>Nov.</td><td>2.83</td><td>3.04</td><td>3.11</td><td>Feb.</td><td>2.72</td><td>2.92</td><td>2.99</td><td>May</td><td>2.94</td><td>3.03</td><td>3.28</td></tr><tr><td>Dec.</td><td>2.77</td><td>2.96</td><td>3.13</td><td>Mar.</td><td>2.72</td><td>2.92</td><td>3.02</td><td>June</td><td>2.89</td><td>2.98</td><td>3.26</td></tr><tr><td>1954-Jan.</td><td>2.67</td><td>2.90</td><td>3.06</td><td>Apr.</td><td>2.77</td><td>2.92</td><td>3.01</td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>2.58</td><td>2.85</td><td>2.95</td><td>May</td><td>2.76</td><td>2.91</td><td>3.04</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2.50</td><td>2.73</td><td>2.86</td><td>June</td><td>2.77</td><td>2.91</td><td>3.05</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>2.45</td><td>2.70</td><td>2.85</td><td>July</td><td>2.88</td><td>2.96</td><td>3.06</td><td></td><td></td><td></td><td></td></tr><tr><td>May</td><td>2.52</td><td>2.72</td><td>2.88</td><td>Aug.</td><td>2.91</td><td>3.02</td><td>3.11</td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>2.53</td><td>2.70</td><td>2.90</td><td>Sept.</td><td>2.88</td><td>3.00</td><td>3.13</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="11">Weekly series - averages of daily series for weeks ending</td></tr><tr><td>1956-Jan. 6.</td><td>2.90</td><td>2.96</td><td>3.14</td><td>1956-Mar. 3.</td><td>2.84</td><td>2.94</td><td>3.07</td><td>1956-May 4.</td><td>2.99</td><td>3.08</td><td>3.30</td></tr><tr><td>13.</td><td>2.88</td><td>2.95</td><td>3.13</td><td>9.</td><td>2.86</td><td>2.96</td><td>3.08</td><td>11.</td><td>2.97</td><td>3.05</td><td>3.26</td></tr><tr><td>20.</td><td>2.83</td><td>2.93</td><td>3.11</td><td>16.</td><td>2.89</td><td>2.97</td><td>3.10</td><td>18.</td><td>2.94</td><td>3.03</td><td>3.27</td></tr><tr><td>27.</td><td>2.83</td><td>2.94</td><td>3.09</td><td>23.</td><td>2.93</td><td>2.99</td><td>3.12</td><td>25.</td><td>2.89</td><td>3.01</td><td>3.27</td></tr><tr><td>Feb. 3.</td><td>2.81</td><td>2.92</td><td>3.09</td><td>Apr. 6.</td><td>3.03</td><td>3.07</td><td>3.16</td><td>June 1.</td><td>2.87</td><td>2.99</td><td>3.26</td></tr><tr><td>10.</td><td>2.81</td><td>2.93</td><td>3.08</td><td>13.</td><td>3.05</td><td>3.09</td><td>3.21</td><td>8.</td><td>2.87</td><td>2.98</td><td>3.27</td></tr><tr><td>17.</td><td>2.80</td><td>2.93</td><td>3.07</td><td>20.</td><td>3.08</td><td>3.13</td><td>3.26</td><td>15.</td><td>2.87</td><td>2.97</td><td>3.26</td></tr><tr><td>24.</td><td>2.83</td><td>2.94</td><td>3.07</td><td>27.</td><td>3.06</td><td>3.12</td><td>3.30</td><td>22.</td><td>2.88</td><td>2.98</td><td>3.26</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>29.</td><td>2.92</td><td>3.00</td><td>3.27</td></tr><tr><td colspan="11">Daily series - unweighted averages</td></tr><tr><td>1956-June 1.</td><td>2.87</td><td>2.98</td><td>3.26</td><td>1956-June 13.</td><td>2.87</td><td>2.97</td><td>3.26</td><td>1956-June 25.</td><td>2.93</td><td>3.00</td><td>3.26</td></tr><tr><td>4.</td><td>2.87</td><td>2.98</td><td>3.27</td><td>14.</td><td>2.87</td><td>2.97</td><td>3.26</td><td>26.</td><td>2.94</td><td>3.00</td><td>3.26</td></tr><tr><td>5.</td><td>2.88</td><td>2.98</td><td>3.27</td><td>15.</td><td>2.87</td><td>2.97</td><td>3.26</td><td>27.</td><td>2.92</td><td>3.00</td><td>3.27</td></tr><tr><td>6.</td><td>2.88</td><td>2.98</td><td>3.27</td><td>18.</td><td>2.87</td><td>2.97</td><td>3.26</td><td>28.</td><td>2.92</td><td>3.00</td><td>3.27</td></tr><tr><td>7.</td><td>2.87</td><td>2.98</td><td>3.26</td><td>19.</td><td>2.87</td><td>2.98</td><td>3.27</td><td>29.</td><td>2.91</td><td>2.99</td><td>3.27</td></tr><tr><td>8.</td><td>2.87</td><td>2.98</td><td>3.27</td><td>20.</td><td>2.88</td><td>2.98</td><td>3.26</td><td></td><td></td><td></td><td></td></tr><tr><td>11.</td><td>2.87</td><td>2.98</td><td>3.26</td><td>21.</td><td>2.89</td><td>2.98</td><td>3.26</td><td></td><td></td><td></td><td></td></tr><tr><td>12.</td><td>2.87</td><td>2.97</td><td>3.26</td><td>22.</td><td>2.90</td><td>3.00</td><td>3.26</td><td></td><td></td><td></td><td></td></tr></table>
Sources: 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 mean of closing bid and ask quotations. For definition of taxable bonds, see footnotes to the "Treasury Survey of Ownership" in this issue of the "Treasury Bulletin." Moody's Investor Service is the source for the average of Aaa corporate bonds. 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.
2/ The long-term taxable Treasury bond average was revised beginning April 1, 1952; see footnote 1. The old average for April 1952 was 2.62 percent.
3/ Annual average is based on the single long-term series January through March (see footnote 1) and the 10-20 year series thereafter.
4/ Average covers 8-1/2 months beginning April 15, the inception date of this series.
5/ Includes the 3½ bonds of February 15, 1995, first quoted on January 28, 1995.
50
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM BONDS
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
1/ Monthly averages of daily figures. 2/ See footnote 1 to Table I under "Average Yields of Long-Term Bonds."
Office of the Secretary of the Treasury
F-220-M-1
August 1956
51
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Budget receipts from internal revenue</th><th>Adjustment of collections to budget receipts 1/</th><th>Total collections reported by Internal Revenue Service</th><th>Corporation income and profit taxes</th><th colspan="6">Individual income tax and employment taxes</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Individual income tax not withheld 2/</th><th>Individual income tax withheld 3/</th><th>Old-age insurance taxes 3/</th><th>Railroad retirement</th><th>Unemployment insurance</th></tr><tr><td>1947</td><td>39,379,409</td><td>+271,023</td><td>39,108,386</td><td>9,676,459</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>-11,057</td><td>41,864,582</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>-155,840</td><td>40,463,125</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>39,418,607</td><td>+491,475</td><td>38,957,132</td><td>10,854,331</td><td>19,797,883</td><td>7,264,332</td><td>9,888,976</td><td>1,873,401</td><td>518,038</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>13,089,770</td><td>2,810,749</td><td>579,778</td><td>236,932</td></tr><tr><td>1952</td><td>65,634,894</td><td>+625,308</td><td>65,002,586</td><td>21,466,910</td><td>33,738,370</td><td>11,345,060</td><td>17,929,047</td><td>3,584,025</td><td>620,622</td><td>259,616</td></tr><tr><td>1953</td><td>70,170,974</td><td>+484,439</td><td>69,686,535</td><td>21,594,515</td><td>37,254,619</td><td>11,403,942</td><td>21,132,275</td><td>3,816,292</td><td>628,969</td><td>273,182</td></tr><tr><td>1954</td><td>70,299,652</td><td>+364,672</td><td>69,934,980</td><td>21,546,322</td><td>37,921,314</td><td>10,736,578</td><td>22,077,113</td><td>4,218,520</td><td>605,221</td><td>283,882</td></tr><tr><td>1955</td><td>66,288,692</td><td>-</td><td>66,288,692</td><td>18,264,720</td><td>37,869,770</td><td>10,396,480</td><td>21,253,625</td><td>5,339,573</td><td>600,106</td><td>279,986</td></tr><tr><td>1955-July</td><td>2,801,230</td><td>-186</td><td>2,801,416</td><td>547,085</td><td>1,377,399</td><td>277,418</td><td>1,082,063</td><td>15,484</td><td>2,433</td></tr><tr><td>August</td><td>5,403,579</td><td>-329</td><td>5,403,908</td><td>327,903</td><td>4,131,592</td><td>114,674</td><td>3,915,372</td><td>84,834</td><td>15,711</td></tr><tr><td>September</td><td>5,915,664</td><td>+515</td><td>5,925,149</td><td>1,099,882</td><td>3,868,030</td><td>1,684,684</td><td>2,122,696</td><td>59,882</td><td>768</td></tr><tr><td>October</td><td>2,763,245</td><td>-</td><td>2,763,245</td><td>391,600</td><td>1,481,638</td><td>179,957</td><td>1,279,762</td><td>18,060</td><td>3,859</td></tr><tr><td>November</td><td>5,222,885</td><td>-</td><td>5,222,885</td><td>292,961</td><td>3,922,284</td><td>94,426</td><td>3,729,077</td><td>84,769</td><td>14,014</td></tr><tr><td>December</td><td>4,840,772</td><td>-</td><td>4,840,772</td><td>1,449,274</td><td>2,512,590</td><td>350,034</td><td>2,106,708</td><td>54,691</td><td>1,156</td></tr><tr><td>1956-January</td><td>4,580,146</td><td>-</td><td>4,580,146</td><td>424,087</td><td>3,303,026</td><td>2,152,316</td><td>1,101,560</td><td>17,300</td><td>31,850</td></tr><tr><td>February</td><td>6,903,381</td><td>-</td><td>6,903,381</td><td>459,930</td><td>5,499,210</td><td>798,117</td><td>4,374,889</td><td>85,058</td><td>241,146</td></tr><tr><td>March</td><td>12,307,044</td><td>-</td><td>12,307,044</td><td>8,109,440</td><td>3,234,615</td><td>816,843</td><td>2,358,022</td><td>53,870</td><td>5,880</td></tr><tr><td>April</td><td>5,355,168</td><td>-</td><td>5,355,168</td><td>509,402</td><td>3,951,569</td><td>2,885,373</td><td>1,046,882</td><td>15,268</td><td>4,045</td></tr><tr><td>May</td><td>6,793,435</td><td>-</td><td>6,793,435</td><td>492,032</td><td>5,287,542</td><td>989,755</td><td>4,203,932</td><td>91,356</td><td>2,499</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Capital stock tax 6/</th><th>Estate and gift taxes</th><th colspan="5">Excise taxes</th></tr><tr><th></th><th></th><th></th><th>Total excise</th><th>Alcohol</th><th>Tobacco</th><th colspan="3">Other excise</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Documents, sto. 1/</th><th>Manufacturers' and retailers' 1/</th><th>Miscellaneous 1/</th></tr><tr><td>1947</td><td>1,597</td><td>779,291</td><td>7,283,376</td><td>2,474,762</td><td>1,237,768</td><td>3,570,846</td><td>79,978</td><td>1,939,486</td><td>1,551,381</td></tr><tr><td>1948</td><td>1,723</td><td>899,315</td><td>7,409,941</td><td>2,255,327</td><td>1,300,280</td><td>3,854,334</td><td>79,466</td><td>2,119,157</td><td>1,655,711</td></tr><tr><td>1949</td><td>6,138</td><td>796,538</td><td>7,578,846</td><td>2,210,607</td><td>1,321,875</td><td>4,046,364</td><td>72,828</td><td>2,220,744</td><td>1,752,792</td></tr><tr><td>1950</td><td>266</td><td>706,227</td><td>7,598,405</td><td>2,219,202</td><td>1,328,464</td><td>4,050,738</td><td>84,648</td><td>2,245,182</td><td>1,720,908</td></tr><tr><td>1951</td><td>-</td><td>729,730</td><td>8,703,599</td><td>2,546,808</td><td>1,380,396</td><td>4,776,395</td><td>93,107</td><td>2,840,690</td><td>1,842,598</td></tr><tr><td>1952</td><td>-</td><td>833,147</td><td>8,971,158</td><td>2,549,120</td><td>1,265,162</td><td>4,856,876</td><td>84,995</td><td>2,824,409</td><td>1,947,472</td></tr><tr><td>1953</td><td>-</td><td>891,284</td><td>9,946,116</td><td>2,780,925</td><td>1,654,911</td><td>5,510,280</td><td>90,319</td><td>3,358,797</td><td>2,061,164</td></tr><tr><td>1954</td><td>-</td><td>935,122</td><td>9,532,222</td><td>2,797,718</td><td>1,580,512</td><td>5,153,992</td><td>90,000</td><td>3,127,465</td><td>1,936,527</td></tr><tr><td>1955</td><td>-</td><td>936,267</td><td>9,210,582r 5/</td><td>2,774,840</td><td>1,571,213</td><td>4,781,843r</td><td>112,049</td><td>3,174,977</td><td>1,494,816r</td></tr><tr><td>1955-July</td><td>-</td><td>78,612</td><td>796,536r</td><td>231,241</td><td>115,790</td><td>101,849r</td><td rowspan="4">25,136</td><td rowspan="4">977,064</td><td rowspan="4">414,598r</td></tr><tr><td>August</td><td>-</td><td>77,189</td><td>866,458r</td><td>245,081</td><td>154,004</td><td>1,133,163r</td></tr><tr><td>September</td><td>-</td><td>66,390</td><td>881,277r</td><td>255,820</td><td>135,062</td><td>181,785r</td></tr><tr><td>October</td><td>-</td><td>67,816</td><td>822,264r</td><td>288,949</td><td>138,266</td><td>109,532r</td></tr><tr><td>November</td><td>-</td><td>87,673</td><td>919,365r</td><td>291,947</td><td>136,044</td><td>1,112,431r</td><td rowspan="2">30,243</td><td rowspan="2">912,561</td><td rowspan="2">408,162r</td></tr><tr><td>December</td><td>-</td><td>89,449</td><td>789,115r</td><td>211,282</td><td>112,660</td><td>128,952r</td></tr><tr><td>1956-January</td><td>-</td><td>78,007</td><td>775,259r</td><td>179,361</td><td>139,337</td><td>65,744r</td><td rowspan="4">29,734</td><td rowspan="4">1,004,917</td><td rowspan="4">387,758r</td></tr><tr><td>February</td><td>-</td><td>97,472</td><td>846,214r</td><td>212,306</td><td>128,023</td><td>1,193,917r</td></tr><tr><td>March</td><td>-</td><td>136,435</td><td>826,492r</td><td>246,300</td><td>136,554</td><td>162,749r</td></tr><tr><td>April</td><td>-</td><td>143,967</td><td>750,018r</td><td>239,031</td><td>125,957</td><td>44,455r</td></tr><tr><td>May</td><td>-</td><td>136,590</td><td>876,556</td><td>255,638</td><td>149,289</td><td>1,013,317</td><td></td><td></td><td></td></tr></table>
Source: Internal Revenue Service reports for detail of collections by type of tax; daily Treasury statement for budget receipts from internal revenue through the fiscal year 1952, and the "Monthly Statement of Receipts and Expenditures of the United States Government" for receipts thereafter. Certain detail by type of tax is available only on the basis of returns filed with the Internal Revenue Service. The figures shown include collections for credit to special accounts for certain island possessions, as reported by the Internal Revenue Service. Beginning with the fiscal year 1955, they include the amounts of tax collected in Puerto Rico upon articles of merchandise of Puerto Rican manufacture coming into the United States. Figures for 1954 have been revised to the same basis. Figures for previous years include only amounts collected at ports of entry into the United States. 
Differences between the amounts of internal revenue reported by the Internal Revenue Service as collections for given periods and the amounts reported in Treasury statements as budget receipts for the same periods arose because of differences in the time when payments were included in the respective reports. Tax payments are included in budget receipts when they are reported as credits to the account of the Treasurer of the United States. Prior to July 1954, they were included in Internal Revenue Service collection reports after the returns to which they applied had been received in internal revenue offices. Under procedure begun in 1950 with withheld income tax and old-age insurance taxes and later extended to railroad retirement taxes and many excises, these taxes are paid currently into Treasury depositaries and the depositary receipts, as evidence of such payment, are attached to quarterly returns to the Internal Revenue Service. Under this procedure, the payments are included in budget receipts in the month in which the depositary receipts are issued to the taxpayers. Revised accounting procedures effective
July 1, 1954, extended the same practice to Internal Revenue Service collection reports. 2/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 (see footnote 3), and it is included under "Old-age insurance taxes." 3/Withheld income tax and old-age insurance taxes on employers and employees are paid into the Treasury in combined amounts beginning January 1951. In Internal Revenue Service reports, current collections have not been separated as to type of tax but the breakdown shown for fiscal years beginning 1951 is based on estimates made in accordance with provisions of Sec. 109 (a) (2) of the Social Security Act Amendments of 1950, for transfer of tax receipts to the Federal Old-Age and Survivors Insurance Trust Fund. 4/New reporting basis beginning with the fiscal year 1953; for explanation, see footnote on page 1. 5/Beginning with the fiscal year 1955, collections shown include undistributed depository receipts and unclassified advance payments. For excise taxes these receipts are included in the total only. Total collections include "Taxes not otherwise classified," which were included with miscellaneous excise taxes prior to the August 1956 issue of the Bulletin. (See Table 2). 6/Repealed for years ending after June 30, 1945. Beginning 1951, included under "Miscellaneous excise taxes." 7/Detail is reported by quarters beginning with the fiscal year 1956. r/Revised to exclude "Taxes not otherwise classified"; see footnote 5.
52
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Beginning with the fiscal year 1955, includes undistributed depositary receipts and unclassified advance payments. The whole amount of such receipts for excise taxes is included under "Other excise taxes"
Office of the Secretary of the Treasury
8-165-P-2
August 1956
53
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 11 months of fiscal year</th><th colspan="2">Eleventh month of fiscal year</th></tr><tr><th></th><th>1954</th><th>1955</th><th>1955</th><th>1956</th><th>1955 (May 1955)</th><th>1956 (May 1956)</th></tr><tr><td>Corporation income and profits taxes</td><td>21,546,322</td><td>18,264,720</td><td>12,063,318</td><td>14,103,595</td><td>376,719</td><td>492,032</td></tr><tr><td colspan="7">Individual income tax and employment taxes:</td></tr><tr><td>Income tax not withheld 1/</td><td>10,946,578</td><td>10,724,120</td><td>9,259,832</td><td>10,343,597</td><td>672,642</td><td>989,755</td></tr><tr><td>Income tax withheld and old-age insurance: 2/</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Received with returns</td><td>26,085,633</td><td>25,673,490</td><td>24,747,087</td><td>28,467,638</td><td>5,081,091</td><td>6,275,226</td></tr><tr><td>Undistributed depository receipts 3/</td><td>-</td><td>592,068</td><td>-682,347</td><td>-1,145,673</td><td>-1,375,859</td><td>-2,071,293</td></tr><tr><td>Railroad retirement:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Received with returns</td><td>605,221</td><td>597,262</td><td>498,947</td><td>515,762</td><td>45,977</td><td>48,757</td></tr><tr><td>Undistributed depository receipts 3/</td><td>-</td><td>2,844</td><td>49,005</td><td>64,810</td><td>33,193</td><td>42,599</td></tr><tr><td>Unemployment insurance</td><td>283,882</td><td>279,986</td><td>277,291</td><td>323,362</td><td>14,898</td><td>2,499</td></tr><tr><td>Total individual income tax and employment taxes</td><td>37,921,314</td><td>37,869,770</td><td>34,149,815</td><td>38,569,495</td><td>4,471,941</td><td>5,287,542</td></tr><tr><td>Estate tax</td><td>863,344</td><td>848,492</td><td>785,679</td><td>943,666</td><td>92,256</td><td>121,184</td></tr><tr><td>Gift tax</td><td>71,778</td><td>87,775</td><td>86,617</td><td>115,933</td><td>2,234</td><td>15,406</td></tr><tr><td colspan="7">Excise taxes:</td></tr><tr><td>Alcohol taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirits (imported, excise)</td><td>230,566</td><td>242,848</td><td>221,338</td><td>244,610</td><td>18,720</td><td>21,636</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>1,657,351</td><td>1,627,752</td><td>1,472,687</td><td>1,606,437</td><td>124,870</td><td>149,826</td></tr><tr><td>Distilled spirits, rectification tax</td><td>25,370</td><td>23,867</td><td>21,527</td><td>22,257</td><td>986</td><td>1,680</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>4,152</td><td>4,689</td><td>4,335</td><td>4,903</td><td>403</td><td>468</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>74,527</td><td>77,135</td><td>70,885</td><td>74,869</td><td>7,422</td><td>8,187</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stille (special taxes)</td><td>16,427</td><td>16,977</td><td>12,417</td><td>11,175</td><td>243</td><td>318</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>31</td><td>8</td><td>12</td><td>-</td><td>-6</td><td>-</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>1,088</td><td>519</td><td>517</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Container stamps</td><td>13,013</td><td>6,213</td><td>6,225</td><td>-</td><td>-17</td><td>-</td></tr><tr><td>Floor taxes</td><td>306</td><td>55</td><td>51</td><td>49</td><td>2</td><td>2</td></tr><tr><td>Beer</td><td>769,774</td><td>737,233</td><td>660,738</td><td>689,009</td><td>72,826</td><td>73,315</td></tr><tr><td>Brewers; dealers in beer (special taxes)</td><td>5,112</td><td>5,544</td><td>4,017</td><td>3,646</td><td>74</td><td>204</td></tr><tr><td>Total alcohol taxes</td><td>2,797,718</td><td>2,742,840</td><td>2,474,749</td><td>2,656,955</td><td>225,524</td><td>255,638</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (large)</td><td>45,857</td><td>46,199</td><td>41,547</td><td>42,090</td><td>3,927</td><td>3,917</td></tr><tr><td>Cigars (small)</td><td>42</td><td>46</td><td>49</td><td>42</td><td>8</td><td>4</td></tr><tr><td>Cigarettes (large)</td><td>5</td><td>6</td><td>5</td><td>6</td><td>*</td><td>1</td></tr><tr><td>Cigarettes (small)</td><td>1,513,735</td><td>1,504,191</td><td>1,360,255</td><td>1,410,930</td><td>137,637</td><td>143,634</td></tr><tr><td>Snuff</td><td>3,925</td><td>3,909</td><td>3,575</td><td>3,492</td><td>345</td><td>306</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>16,250</td><td>16,155</td><td>14,754</td><td>13,698</td><td>1,425</td><td>1,334</td></tr><tr><td>Cigarette papers and tubes</td><td>695</td><td>693</td><td>693</td><td>571</td><td>71</td><td>32</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>*</td><td>12</td><td>12</td><td>7</td><td>*</td><td>*</td></tr><tr><td>Cigarette and cigar floor taxes</td><td>2</td><td>2</td><td>2</td><td>91</td><td>*</td><td>1</td></tr><tr><td>Total tobacco taxes</td><td>1,580,512</td><td>1,571,213</td><td>1,420,892</td><td>1,470,925</td><td>143,413</td><td>149,229</td></tr><tr><td>Other excise taxes</td><td>5,153,992</td><td>4,781,843</td><td>4,518,859</td><td>5,247,945</td><td>968,729</td><td>1,013,317</td></tr><tr><td>Total received with returns and from sale of stamps</td><td>9,532,222</td><td>9,095,895</td><td>8,414,500</td><td>9,375,825</td><td>1,337,667</td><td>1,418,184</td></tr><tr><td>Undistributed depository receipts 3/</td><td>-</td><td>113,298</td><td>-113,672</td><td>-226,764</td><td>-492,607</td><td>-541,468</td></tr><tr><td>Unclassified advance payments</td><td>-</td><td>1,389</td><td>1,445</td><td>493</td><td>28</td><td>-159</td></tr><tr><td>Total excise taxes</td><td>9,532,222</td><td>9,210,582</td><td>8,302,273</td><td>9,149,554</td><td>845,088</td><td>876,556</td></tr><tr><td>Taxes not otherwise classified 5/</td><td>-</td><td>7,352</td><td>6,640</td><td>4,306</td><td>1,058</td><td>715</td></tr><tr><td>Total collections reported by Internal Revenue Service</td><td>69,934,980</td><td>66,288,692</td><td>55,394,341</td><td>62,886,550</td><td>5,709,296</td><td>6,793,435</td></tr><tr><td>Adjustment to budget receipts 6/</td><td>+364,672</td><td>-</td><td>-15,579</td><td>-</td><td>-1,776</td><td>-</td></tr><tr><td>Budget receipts from internal revenue</td><td>70,299,652</td><td>66,288,692</td><td>55,378,762</td><td>62,886,550</td><td>5,787,520</td><td>6,793,435</td></tr></table>
Source: Internal Revenue Service reports for detail of collections by type of tax; "Monthly Statement of Receipts and Expenditures of the United States Government" for budget receipts from internal revenue. Certain detail by type of tax is available only on the basis of returns filed with the Internal Revenue Service. The figures shown include collections for credit to special accounts for certain island possessions, as reported by the Internal Revenue Service. Beginning with the fiscal year 1955, they include the amounts of tax collected in Puerto Rico on merchandise of Puerto Rican manufacture coming into the United States. Figures for 1954 have been revised to the same basis.
1/ 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. For estimated fiscal year breakdown, see Table 1.
2/ Withheld income tax and social security employment taxes on employers and employees are paid into the Treasury in combined amounts, pursuant to the Social Security Act Amendments of 1950. For estimated fiscal year breakdown, see Table 1.
3/ Under revised accounting procedures effective July 1, 1954, tax payments made to banks under the depositary receipts system are included in
Internal Revenue Service reports of collections in the month in which the depositary receipts are issued instead of the month in which tax returns supported by the depositary receipts are received in internal revenue offices, as was the previous practice. The "Undistributed depositary receipts" included in the collections represent the amount of depositary receipts issued during the period less the amount received with the returns. In the case of excise taxes, it is not possible to classify the depositary receipts by type of tax until the returns are received. Accordingly, the amount of such undistributed depositary receipts is included only in the total of excise taxes. Unclassified advance payments were included with undistributed depositary receipts prior to June and the fiscal year 1955. Includes $16,116,000 advance payments of estate and gift taxes not further classified. Includes unidentified and excess collections and profit from sale of acquired property. These collections were included with "Other excise taxes" prior to the August 1956 issue of the Bulletin. See Table 1, footnote 1. Less than $500. Revised.
54
Treasury Bulletin
MONETARY STATISTICS
Table 1.- Money in Circulation
(In millions of dollars except as noted)
<table><tr><th>End of fiscal year or month</th><th>Total money in circulation 1/</th><th colspan="7">Paper money</th></tr><tr><th></th><th></th><th>Total paper money</th><th>Coin certificates 2/</th><th>Silver certificates</th><th>Treasury notes of 1890 3/</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes 4/</th><th>National bank notes 4/</th></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>329</td><td>23,209</td><td>309</td><td>93</td></tr><tr><td>1950</td><td>27,156</td><td>25,661</td><td>41</td><td>2,177</td><td>1</td><td>321</td><td>22,760</td><td>274</td><td>86</td></tr><tr><td>1951</td><td>27,809</td><td>26,231</td><td>39</td><td>2,092</td><td>1</td><td>318</td><td>23,456</td><td>243</td><td>81</td></tr><tr><td>1952</td><td>29,026</td><td>27,348</td><td>38</td><td>2,080</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>1954</td><td>29,922</td><td>28,127</td><td>35</td><td>2,135</td><td>1</td><td>320</td><td>25,385</td><td>180</td><td>70</td></tr><tr><td>1955</td><td>30,229</td><td>28,372</td><td>34</td><td>2,170</td><td>1</td><td>319</td><td>25,618</td><td>163</td><td>67</td></tr><tr><td>1956</td><td>30,715</td><td>26,767</td><td>33</td><td>2,148</td><td>1</td><td>319</td><td>26,055</td><td>147</td><td>64</td></tr><tr><td>1954-December</td><td>30,509</td><td>28,675</td><td>35</td><td>2,143</td><td>1</td><td>311</td><td>25,945</td><td>171</td><td>68</td></tr><tr><td>1955-July</td><td>30,214</td><td>28,379</td><td>34</td><td>2,155</td><td>1</td><td>317</td><td>25,644</td><td>161</td><td>67</td></tr><tr><td>August</td><td>30,317</td><td>28,439</td><td>34</td><td>2,143</td><td>1</td><td>317</td><td>25,717</td><td>160</td><td>66</td></tr><tr><td>September</td><td>30,422</td><td>28,535</td><td>34</td><td>2,154</td><td>1</td><td>316</td><td>25,806</td><td>158</td><td>66</td></tr><tr><td>October</td><td>30,599</td><td>28,660</td><td>34</td><td>2,148</td><td>1</td><td>318</td><td>25,936</td><td>157</td><td>66</td></tr><tr><td>November</td><td>30,993</td><td>29,072</td><td>34</td><td>2,156</td><td>1</td><td>319</td><td>26,340</td><td>156</td><td>66</td></tr><tr><td>December</td><td>31,158</td><td>29,231</td><td>34</td><td>2,155</td><td>1</td><td>314</td><td>26,506</td><td>155</td><td>66</td></tr><tr><td>1956-January</td><td>30,228</td><td>28,331</td><td>34</td><td>2,052</td><td>1</td><td>306</td><td>25,720</td><td>154</td><td>65</td></tr><tr><td>February</td><td>30,163</td><td>28,263</td><td>34</td><td>2,071</td><td>1</td><td>311</td><td>25,628</td><td>152</td><td>65</td></tr><tr><td>March</td><td>30,339</td><td>28,425</td><td>34</td><td>2,125</td><td>1</td><td>315</td><td>25,734</td><td>151</td><td>65</td></tr><tr><td>April</td><td>30,210</td><td>28,259</td><td>34</td><td>2,123</td><td>1</td><td>315</td><td>25,102</td><td>149</td><td>65</td></tr><tr><td>May</td><td>30,513</td><td>28,575</td><td>34</td><td>2,157</td><td>1</td><td>318</td><td>25,853</td><td>148</td><td>64</td></tr><tr><td>June</td><td>30,715</td><td>28,767</td><td>33</td><td>2,148</td><td>1</td><td>318</td><td>26,055</td><td>147</td><td>64</td></tr></table>
<table><tr><th>End of fiscal year or month</th><th colspan="4">Coin</th><th>Money in circulation per capita (in dollars) 5/</th></tr><tr><th></th><th>Total coin</th><th>Standard silver dollars</th><th>Subsidiary silver</th><th>Minor coin</th><th></th></tr><tr><td>1948</td><td>1,421</td><td>156</td><td>919</td><td>346</td><td>190.31</td></tr><tr><td>1949</td><td>1,459</td><td>164</td><td>940</td><td>355</td><td>184.33</td></tr><tr><td>1950</td><td>1,496</td><td>170</td><td>965</td><td>361</td><td>179.03</td></tr><tr><td>1951</td><td>1,578</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>188.72</td></tr><tr><td>1954</td><td>1,795</td><td>212</td><td>1,165</td><td>419</td><td>184.24</td></tr><tr><td>1955</td><td>1,858</td><td>223</td><td>1,202</td><td>433</td><td>182.91r</td></tr><tr><td>1956</td><td>1,948</td><td>237</td><td>1,259</td><td>453</td><td>182.74</td></tr><tr><td>1954-December</td><td>1,834</td><td>218</td><td>1,186</td><td>429</td><td>186.11</td></tr><tr><td>1955-July</td><td>1,865</td><td>224</td><td>1,206</td><td>435</td><td>182.75</td></tr><tr><td>August</td><td>1,878</td><td>226</td><td>1,213</td><td>439</td><td>182.89</td></tr><tr><td>September</td><td>1,887</td><td>227</td><td>1,219</td><td>441</td><td>183.24</td></tr><tr><td>October</td><td>1,900</td><td>228</td><td>1,229</td><td>443</td><td>183.78</td></tr><tr><td>November</td><td>1,922</td><td>229</td><td>1,245</td><td>448</td><td>186.13</td></tr><tr><td>December</td><td>1,927</td><td>231</td><td>1,246</td><td>449</td><td>186.87</td></tr><tr><td>1956-January</td><td>1,897</td><td>230</td><td>1,221</td><td>445</td><td>181.01</td></tr><tr><td>February</td><td>1,900</td><td>231</td><td>1,224</td><td>445</td><td>180.42</td></tr><tr><td>March</td><td>1,914</td><td>232</td><td>1,235</td><td>446</td><td>181.19</td></tr><tr><td>April</td><td>1,922</td><td>233</td><td>1,241</td><td>448</td><td>180.20</td></tr><tr><td>May</td><td>1,933</td><td>235</td><td>1,253</td><td>451</td><td>181.78 r</td></tr><tr><td>June</td><td>1,948</td><td>237</td><td>1,259</td><td>453</td><td>182.74</td></tr></table>
Source: Circulation Statement of United States Money.
1/ Excludes money held by the Treasury, money held by or for the account of the Federal Reserve Banks and agents, and coin estimated to be held outside the continental limits of the United States. Includes paper currency held outside the continental limits of the United States.
2/ Gold certificates were withdrawn from circulation in 1933.
3/ Treasury notes of 1890 in circulation are being canceled and retired upon receipt by the Treasury.
b/ 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.
r Revised.
August 1956
55
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>1948</td><td>23,532.5</td><td>3,571.0</td><td>13.2</td></tr><tr><td>1949</td><td>24,466.3</td><td>3,618.3</td><td>12.9</td></tr><tr><td>1950</td><td>24,230.7</td><td>3,671.5</td><td>13.2</td></tr><tr><td>1951</td><td>21,755.9</td><td>3,718.5</td><td>15.6</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>1954</td><td>21,927.0</td><td>3,863.1</td><td>15.0</td></tr><tr><td>1955</td><td>21,677.6</td><td>3,922.4</td><td>15.3</td></tr><tr><td>1956</td><td>21,799.1</td><td>3,994.5</td><td>15.5</td></tr><tr><td>1954-December</td><td>21,712.5</td><td>3,886.6</td><td>15.2</td></tr><tr><td>1955-July</td><td>21,682.0</td><td>3,923.9</td><td>15.3</td></tr><tr><td>August</td><td>21,681.8</td><td>3,921.3</td><td>15.3</td></tr><tr><td>September</td><td>21,683.7</td><td>3,918.5</td><td>15.3</td></tr><tr><td>October</td><td>21,685.8</td><td>3,923.5</td><td>15.3</td></tr><tr><td>November</td><td>21,688.4</td><td>3,923.3</td><td>15.3</td></tr><tr><td>December</td><td>21,690.4</td><td>3,930.1</td><td>15.3</td></tr><tr><td>1956-January</td><td>21,692.9</td><td>3,938.7</td><td>15.4</td></tr><tr><td>February</td><td>21,695.2</td><td>3,942.1</td><td>15.4</td></tr><tr><td>March</td><td>21,715.7</td><td>3,944.2</td><td>15.4</td></tr><tr><td>April</td><td>21,743.1</td><td>3,955.6</td><td>15.4</td></tr><tr><td>May</td><td>21,771.6</td><td>3,973.4</td><td>15.4</td></tr><tr><td>June</td><td>21,799.1</td><td>3,994.5</td><td>15.5</td></tr></table>
Source: Circulation Statement of United States Money. 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>Liabilities: Gold certificates, etc. 1/</th><th>Balance of gold in Treasurer's account</th></tr><tr><td>1948</td><td>24,243.9</td><td>23,166.0</td><td>1,077.9</td></tr><tr><td>1949</td><td>24,427.1</td><td>23,373.9</td><td>1,053.2</td></tr><tr><td>1950</td><td>22,706.1</td><td>21,653.5</td><td>1,052.6</td></tr><tr><td>1951</td><td>22,695.5</td><td>21,662.5</td><td>1,032.9</td></tr><tr><td>1952</td><td>23,187.1</td><td>22,178.8</td><td>1,008.2</td></tr><tr><td>1953</td><td>22,029.5</td><td>21,545.7</td><td>483.7</td></tr><tr><td>1954</td><td>21,712.5</td><td>21,223.5</td><td>489.0</td></tr><tr><td>1955</td><td>21,690.4</td><td>21,199.1</td><td>491.2</td></tr><tr><td>1955-July</td><td>21,682.0</td><td>21,184.6</td><td>497.3</td></tr><tr><td>August</td><td>21,681.8</td><td>21,183.2</td><td>498.6</td></tr><tr><td>September</td><td>21,683.7</td><td>21,184.2</td><td>499.5</td></tr><tr><td>October</td><td>21,685.8</td><td>21,196.8</td><td>488.9</td></tr><tr><td>November</td><td>21,688.4</td><td>21,192.1</td><td>496.2</td></tr><tr><td>December</td><td>21,690.4</td><td>21,199.1</td><td>491.2</td></tr><tr><td>1956-January</td><td>21,692.9</td><td>21,200.4</td><td>492.5</td></tr><tr><td>February</td><td>21,695.2</td><td>21,200.9</td><td>494.3</td></tr><tr><td>March</td><td>21,715.7</td><td>21,225.9</td><td>489.8</td></tr><tr><td>April</td><td>21,743.1</td><td>21,240.6</td><td>502.5</td></tr><tr><td>May</td><td>21,771.6</td><td>21,274.5</td><td>497.1</td></tr><tr><td>June</td><td>21,799.1</td><td>21,298.2</td><td>500.9</td></tr></table>
Source: Circulation Statement of United States Money. 1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banke; (2) gold certificate credite in (a) the gold certificate fund -
Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (c) reserve of $156.0 million against United States notes and Treasury notes of 1890.
56
Treasury Bulletin
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="2">Securing silver certificates 1/</th><th colspan="3">In Treasurer's account</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>Bullock for recoinage 4/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Subsidiary coin 3/</th><th></th></tr><tr><td>1948</td><td>1,971.5</td><td>328.1</td><td>5.9</td><td>-</td><td>89.3 2/</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 2/</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>3.5</td><td>-</td><td>95.1 2/</td><td>179.8</td><td>1,082.2</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 2/</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</td><td>2,140.8</td><td>278.3</td><td>6.3</td><td>-</td><td>30.7</td><td>213.2</td><td>1,213.1</td><td>3,837.0</td></tr><tr><td>1954</td><td>2,171.1</td><td>267.5</td><td>48.0</td><td>-</td><td>11.0</td><td>223.1</td><td>1,242.7</td><td>3,886.6</td></tr><tr><td>1955</td><td>2,134.4</td><td>253.5</td><td>15.7</td><td>.3</td><td>17.6</td><td>235.4</td><td>1,283.2</td><td>3,930.1</td></tr><tr><td>1955-July</td><td>2,189.5</td><td>261.3</td><td>28.8</td><td>.7</td><td>18.7</td><td>228.8</td><td>1,267.3</td><td>3,923.9</td></tr><tr><td>August</td><td>2,191.7</td><td>258.5</td><td>26.2</td><td>.5</td><td>15.4</td><td>231.4</td><td>1,269.3</td><td>3,921.3</td></tr><tr><td>September</td><td>2,192.2</td><td>256.7</td><td>23.5</td><td>.1</td><td>12.9</td><td>232.2</td><td>1,274.7</td><td>3,918.6</td></tr><tr><td>October</td><td>2,194.0</td><td>255.7</td><td>20.3</td><td>.1</td><td>14.5</td><td>233.2</td><td>1,277.9</td><td>3,923.5</td></tr><tr><td>November</td><td>2,194.4</td><td>254.9</td><td>17.2</td><td>.1</td><td>14.3</td><td>234.1</td><td>1,280.1</td><td>3,923.3</td></tr><tr><td>December</td><td>2,194.4</td><td>253.5</td><td>15.7</td><td>.3</td><td>17.6</td><td>235.4</td><td>1,283.2</td><td>3,930.1</td></tr><tr><td>1956-January</td><td>2,194.9</td><td>253.1</td><td>15.2</td><td>-</td><td>21.6</td><td>235.4</td><td>1,284.4</td><td>3,938.7</td></tr><tr><td>February</td><td>2,196.6</td><td>252.6</td><td>15.2</td><td>.7</td><td>21.6</td><td>236.3</td><td>1,286.8</td><td>3,942.1</td></tr><tr><td>March</td><td>2,198.5</td><td>251.4</td><td>16.0</td><td>.2</td><td>18.5</td><td>237.4</td><td>1,292.2</td><td>3,944.2</td></tr><tr><td>April</td><td>2,193.1</td><td>250.1</td><td>15.2</td><td>-</td><td>21.9</td><td>238.5</td><td>1,297.8</td><td>3,955.6</td></tr><tr><td>May</td><td>2,200.4</td><td>248.7</td><td>13.5</td><td>-</td><td>29.4</td><td>240.0</td><td>1,303.8</td><td>3,973.3</td></tr><tr><td>June</td><td>2,202.3</td><td>247.0</td><td>6.2</td><td>.3</td><td>40.0</td><td>241.6</td><td>1,311.2</td><td>3,994.5</td></tr></table>
Source: Circulation Statement of United States Money; Office of the Treasurer of the United States. 1/ Valued at $1.29+ per fine ounce. 2/ Includes silver held by certain agencies of the Federal Government.
3/ Valued at $1.38+ per fine ounce.
4/ Valued at $1.38+ per fine ounce or $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.
57
August 1956
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 (inol. silver bullion held June 14, 1934)</th><th>Heavily mined silver (Proc. Dec. 21, 1933)</th><th>Heavily mined silver (Acts July 6, 1939, and July 31, 1946)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalised silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th>Potential seigniorage on silver bullion at cost in Treasurer's account 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>102.1</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>504.3</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>504.3</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>504.3</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</td><td>742.2</td><td>48.7</td><td>87.6</td><td>134.7</td><td>833.6</td><td>34.7</td><td>1,139.3</td><td>34.9</td></tr><tr><td>1954</td><td>792.9</td><td>48.7</td><td>87.6</td><td>143.8</td><td>833.6</td><td>34.7</td><td>1,148.4</td><td>6.6</td></tr><tr><td>1955</td><td>807.0</td><td>48.7</td><td>87.6</td><td>150.8</td><td>833.6</td><td>34.7</td><td>1,155.4</td><td>14.3</td></tr><tr><td>1955-July</td><td>801.5</td><td>48.7</td><td>87.6</td><td>149.3</td><td>833.6</td><td>34.7</td><td>1,153.9</td><td>12.7</td></tr><tr><td>August</td><td>802.3</td><td>48.7</td><td>87.6</td><td>150.0</td><td>833.6</td><td>34.7</td><td>1,154.6</td><td>10.6</td></tr><tr><td>September</td><td>803.6</td><td>48.7</td><td>87.6</td><td>150.1</td><td>833.6</td><td>34.7</td><td>1,154.7</td><td>9.7</td></tr><tr><td>October</td><td>804.9</td><td>48.7</td><td>87.6</td><td>150.7</td><td>833.6</td><td>34.7</td><td>1,155.3</td><td>11.3</td></tr><tr><td>November</td><td>805.8</td><td>48.7</td><td>87.6</td><td>150.8</td><td>833.6</td><td>34.7</td><td>1,155.4</td><td>11.5</td></tr><tr><td>December</td><td>807.0</td><td>48.7</td><td>87.6</td><td>150.8</td><td>833.6</td><td>34.7</td><td>1,155.4</td><td>14.3</td></tr><tr><td>1956-January</td><td>808.2</td><td>48.7</td><td>87.6</td><td>150.9</td><td>833.6</td><td>34.7</td><td>1,155.5</td><td>17.1</td></tr><tr><td>February</td><td>809.9</td><td>48.7</td><td>87.6</td><td>151.4</td><td>833.6</td><td>34.7</td><td>1,156.0</td><td>16.9</td></tr><tr><td>March</td><td>812.1</td><td>48.7</td><td>87.6</td><td>152.0</td><td>833.6</td><td>34.7</td><td>1,156.6</td><td>14.5</td></tr><tr><td>April</td><td>815.7</td><td>48.7</td><td>87.6</td><td>152.2</td><td>833.6</td><td>34.7</td><td>1,156.8</td><td>17.5</td></tr><tr><td>May</td><td>818.8</td><td>48.7</td><td>87.6</td><td>152.6</td><td>833.6</td><td>34.7</td><td>1,157.2</td><td>22.9</td></tr></table>
Source: Bureau of Accounts.
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes.
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar, as of June 30, 1956 p
<table><tr><th></th><th>Allocations of increment</th><th>Charges against increment</th><th>Unexpended balance of increment</th></tr><tr><td>Exchange Stabilization Fund</td><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td><td>-</td></tr><tr><td>Payments to Federal Reserve Banks for industrial loans</td><td>139,299,557.00</td><td>27,546,310.97</td><td>$111,753,246.03</td></tr><tr><td>Philippine currency reserve</td><td>23,862,750.78</td><td>-</td><td>23,862,750.78</td></tr><tr><td>Melting losses on gold coin</td><td>2,175,121.93</td><td>1,857,404.22</td><td>317,717.71</td></tr><tr><td>Retirement of national bank notes</td><td>645,387,965.45</td><td>645,387,965.45</td><td>-</td></tr><tr><td>Unassigned</td><td>8,756,065.43</td><td>-</td><td>8,756,065.43</td></tr><tr><td>Total increment</td><td>2,819,481,460.59</td><td>2,674,791,680.64</td><td>144,689,779.95</td></tr></table>
Source: Bureau of Accounts. p Preliminary.
58
Treasury Bulletin
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheets as of June 30, 1955, and March 31, 1956
<table><tr><th></th><th>June 30, 1955</th><th>March 31, 1956</th></tr><tr><td><b>Assets:</b></td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the United States, checking account........</td><td>$5,860,552.24</td><td>$5,344,629.24</td></tr><tr><td>Federal Reserve Bank of New York, special account........</td><td>231,524,521.68</td><td>164,512,402.41</td></tr><tr><td>Disbursing officers' balances and advance accounts......</td><td>2,893.73</td><td>1,643.30</td></tr><tr><td>Total cash............................................</td><td>$237,388,173.90</td><td>$169,858,674.95</td></tr><tr><td>Special account of Secretary of the Treasury with</td><td>52,193,520.92</td><td>49,102,283.25</td></tr><tr><td>Federal Reserve Bank of New York - gold................</td><td></td><td></td></tr><tr><td>Investments in United States Government securities......</td><td>25,000,000.00</td><td>95,000,000.00</td></tr><tr><td>Accrued interest receivable............................</td><td>103,045.69</td><td>283,982.68</td></tr><tr><td>Accounts receivable....................................</td><td>47,050.00</td><td>468,915.49</td></tr><tr><td>Federal Reserve Bank of New York clearing account........</td><td>5.23</td><td>108.53</td></tr><tr><td>Total assets............................................</td><td>$314,731,795.74</td><td>$314,713,964.90</td></tr><tr><td><b>Liabilities and capital:</b></td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchers payable........................................</td><td>8,205.79</td><td>1,478.27</td></tr><tr><td>Employees' payroll allotment account, United States</td><td></td><td></td></tr><tr><td>savings bonds...........................................</td><td>2,259.45</td><td>1,727.90</td></tr><tr><td>Miscellaneous............................................</td><td>189,046.79</td><td>153,199.91</td></tr><tr><td>Total accounts payable..................................</td><td>199,512.03</td><td>156,405.98</td></tr><tr><td>Capital account...........................................</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Deduct - Subscription to International Monetary Fund....</td><td>1,800,000,000.00</td><td>1,800,000,000.00</td></tr><tr><td>Net income (see Table 2)..................................</td><td>200,000,000.00</td><td>200,000,000.00</td></tr><tr><td></td><td>114,532,283.71</td><td>114,557,558.92</td></tr><tr><td>Total liabilities and capital............................</td><td>$314,731,795.74</td><td>$314,713,964.90</td></tr></table>
Note: Annual balance sheets for fiscal year 1934 through 1940 appear in the 1940 Annual Report of the Secretary of the Treasury and those for succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with that for December 31, 1938, have been published in the "Treasury Bulletin." 1/ Includes $406,493.59 interest and $62,421.90 premium on securities purchased.
August 1956
59
EXCHANGE STABILIZATION FUND
Table 2.- Income and Expense
<table><tr><th>Classification</th><th>January 31, 1934, through June 30, 1955</th><th>January 31, 1934, through March 31, 1956</th></tr><tr><td><b>Income:</b></td><td></td><td></td></tr><tr><td>Profits on British sterling transactions</td><td>$310,638.09</td><td>$310,638.09</td></tr><tr><td>Profits on French franc transactions</td><td>351,527.60</td><td>351,527.60</td></tr><tr><td>Profits on gold bullion (including profits from handling charges on gold)</td><td>59,144,511.66</td><td>59,302,051.57</td></tr><tr><td>Profits on other gold and exchange transactions</td><td>50,044,113.75</td><td>50,207,170.26</td></tr><tr><td>Profits on silver transactions</td><td>102,735.27</td><td>102,735.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalized)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments</td><td>1,876,790.55</td><td>2,021,407.22</td></tr><tr><td>Interest on investments</td><td>9,863,299.65</td><td>10,511,736.64</td></tr><tr><td>Miscellaneous profits</td><td>861,546.95</td><td>861,546.95</td></tr><tr><td>Interest earned on foreign balances</td><td>2,849,683.19</td><td>2,849,683.19</td></tr><tr><td>Interest earned on Chinese yuan</td><td>1,975,317.07</td><td>1,975,317.07</td></tr><tr><td><b>Total income</b></td><td>130,853,526.07</td><td>131,967,176.15</td></tr><tr><td><b>Expense:</b></td><td></td><td></td></tr><tr><td>Personal services</td><td>12,627,016.35</td><td>13,578,106.37</td></tr><tr><td>Travel</td><td>612,465.58</td><td>657,498.65</td></tr><tr><td>Transportation of things</td><td>722,761.45</td><td>738,199.98</td></tr><tr><td>Communications</td><td>609,059.68</td><td>621,073.77</td></tr><tr><td>Supplies and materials</td><td>119,184.47</td><td>124,164.26</td></tr><tr><td>Other</td><td>1,630,754.53</td><td>1,690,574.20</td></tr><tr><td><b>Total expense</b></td><td>16,321,242.36</td><td>17,409,617.23</td></tr><tr><td><b>Net income</b></td><td>114,532,283.71</td><td>114,557,558.92</td></tr></table>
60
Treasury Bulletin
CAPITAL MOVEMENTS
Data relating to capital movements between the United States and foreign countries have been collected since 1935, pursuant to Executive Order 6560 of January 15, 1934, Executive Order 10033 of February 8, 1949, and Treasury regulations promulgated thereunder. Information covering the principal types of data and the principal countries is reported monthly, and is published regularly in the "Treasury Bulletin." Supplementary information is published at less frequent intervals. Reports by banks, bankers, securities brokers and dealers, and industrial and commercial concerns in the United States are made initially to the Federal Reserve Banks, which forward consolidated figures to the Treasury. Beginning April 1954, data reported by banks in the Territories and possessions of the United States are included in the published data.
The term "foreigner" as used in these reports covers all institutions and individuals domiciled outside the United States and its Territories and possessions, the official institutions of foreign countries, wherever such institutions may be located, and international organizations. "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, statistical presentation, and definitions appeared in the June 1954 issue of the "Treasury Bulletin,"
pages 45-47. As a result of changes in presentation introduced in that issue, not all breakdowns previously published will be exactly comparable to those now presented.
The first three sections which follow are published monthly. They provide summaries, by periods and by countries, of data on short-term banking liabilities to and claims on foreigners and transactions in long-term securities by foreigners, and present detailed breakdowns of the latest available preliminary data.
Section IV provides supplementary data in five tables which appear at less frequent intervals. Table 1, short-term foreign liabilities and claims reported by non-financial concerns, is published quarterly in the January, April, July, and October issues of the Bulletin. Table 2, long-term foreign liabilities and claims reported by banks and bankers, and Table 3, estimated gold reserves and dollar holdings of foreign countries and international institutions, are published quarterly in the March, June, September, and December issues. Table 4, foreign credit and debit balances in brokerage accounts, appears semi-annually in the March and September issues. Table 5, short-term liabilities to foreigners in countries and areas not regularly reported separately by banking institutions, is presented annually in the April issue.
Section I - 8
mmary by Periods
Table I.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th rowspan="2">Calendar year or month</th><th rowspan="2">Net capital movement</th><th colspan="3">Analysis of net capital movement</th><th colspan="3">Changes in claims on foreigners</th></tr><tr><th>Total</th><th>Short-term banking funds</th><th>Transactions in domestic securities</th><th>Total</th><th>Short-term banking funds</th><th>Transactions in foreign securities</th></tr><tr><td>1935-41</td><td>5,253.2</td><td>3,661.3</td><td>3,034.6</td><td>626.7</td><td>1,391.9</td><td>736.3</td><td>855.5</td></tr><tr><td>1942</td><td>622.6</td><td>532.5</td><td>485.9</td><td>46.6</td><td>90.1</td><td>97.5</td><td>-7.4</td></tr><tr><td>1943</td><td>1,273.5</td><td>1,207.1</td><td>1,179.3</td><td>27.8</td><td>66.4</td><td>-11.3</td><td>77.7</td></tr><tr><td>1944</td><td>452.8</td><td>431.1</td><td>220.4</td><td>210.7</td><td>21.7</td><td>-71.8</td><td>93.5</td></tr><tr><td>1945</td><td>1,056.6</td><td>1,166.3</td><td>1,279.4</td><td>-113.1</td><td>-109.7</td><td>-63.1</td><td>-46.6</td></tr><tr><td>1946</td><td>-803.0</td><td>-752.6</td><td>-418.4</td><td>-334.2</td><td>-50.4</td><td>-315.5</td><td>265.1</td></tr><tr><td>1947</td><td>345.5</td><td>547.2</td><td>636.2</td><td>-89.1</td><td>-201.7</td><td>-240.7</td><td>39.0</td></tr><tr><td>1948</td><td>244.7</td><td>409.3</td><td>601.5</td><td>-192.2</td><td>-164.6</td><td>-69.8</td><td>-94.8</td></tr><tr><td>1949</td><td>193.8</td><td>-24.8</td><td>-100.0</td><td>75.2</td><td>218.6</td><td>190.8</td><td>27.8</td></tr><tr><td>1950</td><td>1,749.6</td><td>1,971.2</td><td>1,026.8</td><td>944.4</td><td>-221.6</td><td>-76.2</td><td>-145.4</td></tr><tr><td>1951</td><td>-374.3</td><td>73.1</td><td>657.4</td><td>-584.3</td><td>-447.5</td><td>-70.5</td><td>-377.0</td></tr><tr><td>1952</td><td>1,260.6</td><td>1,558.8</td><td>1,243.9</td><td>314.9</td><td>-298.2</td><td>-80.3</td><td>-217.9</td></tr><tr><td>1953</td><td>1,162.8</td><td>1,090.9</td><td>1,102.4</td><td>-11.5</td><td>72.0</td><td>144.2</td><td>-72.2</td></tr><tr><td>1954</td><td>641.0</td><td>1,423.4</td><td>1,274.1</td><td>149.3</td><td>-782.4</td><td>-482.0</td><td>-300.4</td></tr><tr><td>1955</td><td>1,170.1</td><td>1,362.5</td><td>677.3</td><td>685.2</td><td>-192.4</td><td>-162.0</td><td>-30.4</td></tr><tr><td>1955-July</td><td>113.2</td><td>75.9</td><td>24.2</td><td>51.7</td><td>37.3</td><td>34.0</td><td>3.3</td></tr><tr><td>August</td><td>66.1</td><td>84.1</td><td>-94.4</td><td>178.4</td><td>-17.9</td><td>-13.0</td><td>-5.0</td></tr><tr><td>September</td><td>336.0</td><td>327.1</td><td>292.5</td><td>34.6</td><td>8.9</td><td>23.9</td><td>-15.0</td></tr><tr><td>October</td><td>225.1</td><td>238.8</td><td>233.9</td><td>4.9</td><td>-13.7</td><td>-22.2</td><td>8.5</td></tr><tr><td>November</td><td>6.2</td><td>48.5</td><td>71.9</td><td>-23.4</td><td>-42.3</td><td>-45.4</td><td>3.1</td></tr><tr><td>December</td><td>-92.3</td><td>3.3</td><td>-45.8</td><td>49.2</td><td>-95.6</td><td>-75.3</td><td>-20.3</td></tr><tr><td>1956-January</td><td>164.0r</td><td>189.9r</td><td>137.2r</td><td>52.7r</td><td>-25.9</td><td>45.4</td><td>-71.3</td></tr><tr><td>February</td><td>104.5r</td><td>131.6r</td><td>132.2r</td><td>-5</td><td>-27.2</td><td>-12.3</td><td>-14.9</td></tr><tr><td>March</td><td>189.2</td><td>213.0</td><td>477.6</td><td>-264.6</td><td>-23.8</td><td>5.5</td><td>-29.4</td></tr><tr><td>April p.</td><td>169.0r</td><td>193.1r</td><td>136.9r</td><td>56.1</td><td>-24.0r</td><td>-19.2r</td><td>-4.9</td></tr><tr><td>May p.</td><td>-101.0</td><td>105.3</td><td>32.7</td><td>72.6</td><td>-206.2</td><td>-82.7</td><td>-123.5</td></tr></table>
p Preliminary
r Rovied
August 1956
61
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="5">Short-term liabilities to foreigners</th><th colspan="4">Short-term claims on foreigners</th></tr><tr><th>Total</th><th>Foreign official</th><th>Other foreign</th><th>International</th><th>Payable in foreign currencies</th><th>Total</th><th>Payable in dollars Loans to foreign banks</th><th>Other</th><th>Payable in foreign currencies</th></tr><tr><td>1942</td><td>4,205.4</td><td>2,244.4</td><td>1,947.1</td><td>-</td><td>13.9</td><td>246.7</td><td>72.0</td><td>143.7</td><td>30.9</td></tr><tr><td>1943</td><td>5,374.9</td><td>3,320.3</td><td>2,036.7</td><td>-</td><td>17.9</td><td>257.9</td><td>86.4</td><td>137.2</td><td>34.4</td></tr><tr><td>1944</td><td>5,596.8</td><td>3,335.2</td><td>2,239.9</td><td>-</td><td>21.6</td><td>329.7</td><td>105.4</td><td>169.7</td><td>54.6</td></tr><tr><td>1945</td><td>6,883.1</td><td>4,179.3</td><td>2,618.2</td><td>-</td><td>25.5</td><td>392.8</td><td>100.3</td><td>245.0</td><td>47.5</td></tr><tr><td>1946</td><td>6,148.3</td><td>3,043.9</td><td>2,922.0</td><td>473.7</td><td>40.6</td><td>708.3</td><td>319.6</td><td>290.5</td><td>98.1</td></tr><tr><td>1947</td><td>7,116.4</td><td>1,832.1</td><td>2,972.7</td><td>2,262.0</td><td>49.7</td><td>948.9</td><td>292.9</td><td>430.6</td><td>165.4</td></tr><tr><td>1948</td><td>7,718.0</td><td>2,836.3</td><td>2,947.0</td><td>1,864.3</td><td>70.4</td><td>1,018.7</td><td>361.2</td><td>557.1</td><td>100.4</td></tr><tr><td>1949</td><td>7,618.0</td><td>2,908.1</td><td>3,001.0</td><td>1,657.8</td><td>51.0</td><td>827.9</td><td>222.7</td><td>494.3</td><td>110.8</td></tr><tr><td>1950</td><td>8,644.8</td><td>3,620.3</td><td>3,451.7</td><td>1,527.8</td><td>44.9</td><td>898.0</td><td>151.1</td><td>506.3</td><td>240.6</td></tr><tr><td>1951</td><td>9,302.2</td><td>3,547.6</td><td>4,041.2</td><td>1,641.1</td><td>72.2</td><td>968.4</td><td>177.2</td><td>699.4</td><td>91.8</td></tr><tr><td>1952</td><td>10,546.1</td><td>4,654.2</td><td>4,245.6</td><td>1,584.9</td><td>61.4</td><td>1,048.7</td><td>122.9</td><td>847.5</td><td>78.4</td></tr><tr><td>1953</td><td>11,648.4</td><td>5,666.9</td><td>4,308.4</td><td>1,629.4</td><td>43.7</td><td>904.5</td><td>156.5</td><td>646.5</td><td>101.6</td></tr><tr><td>1954</td><td>12,922.5</td><td>6,774.0</td><td>4,335.4</td><td>1,769.9</td><td>43.2</td><td>1,386.5</td><td>206.5</td><td>969.0</td><td>211.0</td></tr><tr><td>1955</td><td>13,599.8</td><td>6,953.2</td><td>4,725.1</td><td>1,881.1</td><td>40.3</td><td>1,548.5</td><td>328.1</td><td>1,056.5</td><td>163.9</td></tr><tr><td>1955-July</td><td>13,141.7</td><td>6,658.0</td><td>4,578.0</td><td>1,860.8</td><td>44.8</td><td>1,416.4</td><td>231.9</td><td>1,041.4</td><td>143.2</td></tr><tr><td>August</td><td>13,047.3</td><td>6,552.4</td><td>4,596.3</td><td>1,858.6</td><td>40.0</td><td>1,429.4</td><td>262.3</td><td>1,030.3</td><td>136.8</td></tr><tr><td>September</td><td>13,339.8</td><td>6,806.0</td><td>4,645.9</td><td>1,844.2</td><td>43.7</td><td>1,405.5</td><td>253.3</td><td>1,016.6</td><td>135.6</td></tr><tr><td>October</td><td>13,573.7</td><td>6,890.3</td><td>4,806.8</td><td>1,825.4</td><td>51.2</td><td>1,427.7</td><td>274.0</td><td>1,022.5</td><td>131.3</td></tr><tr><td>November</td><td>13,645.6</td><td>6,964.3</td><td>4,814.6</td><td>1,822.6</td><td>44.1</td><td>1,473.2</td><td>298.3</td><td>1,047.7</td><td>127.3</td></tr><tr><td>December</td><td>13,599.8</td><td>6,953.2</td><td>4,725.1</td><td>1,881.1</td><td>40.3</td><td>1,548.5</td><td>328.1</td><td>1,056.5</td><td>163.9</td></tr><tr><td>1956-January</td><td>13,737.0</td><td>6,986.1</td><td>4,842.0</td><td>1,867.4</td><td>41.4</td><td>1,503.1</td><td>315.3</td><td>1,073.4</td><td>111.4</td></tr><tr><td>February</td><td>13,869.1</td><td>7,048.1</td><td>4,906.5</td><td>1,875.6</td><td>38.9</td><td>1,515.3</td><td>302.0</td><td>1,083.7</td><td>129.7</td></tr><tr><td>March</td><td>14,346.8</td><td>7,388.8</td><td>5,007.4</td><td>1,894.5</td><td>56.1</td><td>1,509.8</td><td>292.0</td><td>1,092.5</td><td>125.3</td></tr><tr><td>April p.</td><td>14,483.7</td><td>7,388.4</td><td>5,129.7</td><td>1,978.4</td><td>47.2</td><td>1,529.0</td><td>323.1</td><td>1,077.2</td><td>128.7</td></tr><tr><td>May p.</td><td>14,516.4</td><td>7,435.7</td><td>5,030.9</td><td>1,999.4</td><td>50.3</td><td>1,611.6</td><td>339.7</td><td>1,132.3</td><td>139.6</td></tr></table>
p Preliminary. r Revised.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th rowspan="2">Calendar year or month</th><th colspan="3">U. S. Government bonds and notes 1/</th><th colspan="9">Corporate and other</th><th rowspan="2">Total purchases</th><th rowspan="2">Total sales</th><th rowspan="2">Net purchases of domestic securities</th></tr><tr><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Stocks</th></tr><tr><td>1935-41</td><td>396.8 3/</td><td>492.4 3/</td><td>-95.7 3/</td><td>2/</td><td>2/</td><td>2/</td><td>430.2 3/</td><td>841.6 3/</td><td>-411.4 3/</td><td></td><td>9,322.1</td><td>8,695.3</td><td>626.7</td></tr><tr><td>1942</td><td>164.2</td><td>138.5</td><td>25.7</td><td>2/</td><td>2/</td><td>2/</td><td>96.4</td><td>75.5</td><td>20.9</td><td></td><td>260.6</td><td>214.0</td><td>46.6</td></tr><tr><td>1943</td><td>241.3</td><td>170.6</td><td>70.7</td><td>2/</td><td>2/</td><td>2/</td><td>151.6</td><td>194.6</td><td>-43.0</td><td></td><td>392.9</td><td>365.2</td><td>27.8</td></tr><tr><td>1944</td><td>513.6</td><td>268.2</td><td>245.3</td><td>2/</td><td>2/</td><td>2/</td><td>136.9</td><td>171.4</td><td>-34.6</td><td></td><td>650.4</td><td>439.7</td><td>210.7</td></tr><tr><td>1945</td><td>377.7</td><td>393.4</td><td>-15.7</td><td>2/</td><td>2/</td><td>2/</td><td>260.2</td><td>357.7</td><td>-97.4</td><td></td><td>637.9</td><td>751.0</td><td>-113.1</td></tr><tr><td>1946</td><td>414.5</td><td>684.2</td><td>-269.7</td><td>2/</td><td>2/</td><td>2/</td><td>367.6</td><td>432.1</td><td>-64.5</td><td></td><td>782.1</td><td>1,116.3</td><td>-334.2</td></tr><tr><td>1947</td><td>314.8</td><td>283.3</td><td>61.5</td><td>2/</td><td>2/</td><td>2/</td><td>226.1</td><td>376.7</td><td>-150.6</td><td></td><td>570.9</td><td>659.9</td><td>-89.1</td></tr><tr><td>1948</td><td>282.4</td><td>330.3</td><td>-47.9</td><td>2/</td><td>2/</td><td>2/</td><td>369.7</td><td>514.1</td><td>-144.3</td><td></td><td>652.2</td><td>844.4</td><td>-192.2</td></tr><tr><td>1949</td><td>430.0</td><td>333.6</td><td>96.4</td><td>2/</td><td>2/</td><td>2/</td><td>354.1</td><td>375.3</td><td>-21.2</td><td></td><td>784.1</td><td>708.9</td><td>75.2</td></tr><tr><td>1950</td><td>1,236.4</td><td>294.3</td><td>942.1</td><td>107.7</td><td>108.3</td><td>-0.6</td><td>666.9</td><td>664.0</td><td>2.9</td><td></td><td>2,011.1</td><td>1,066.6</td><td>944.4</td></tr><tr><td>1951</td><td>673.6</td><td>1,356.6</td><td>-683.0</td><td>120.0</td><td>141.6</td><td>-21.6</td><td>739.8</td><td>619.5</td><td>120.3</td><td></td><td>1,533.3</td><td>2,117.6</td><td>-584.3</td></tr><tr><td>1952</td><td>533.7</td><td>231.4</td><td>302.3</td><td>200.1</td><td>188.5</td><td>11.7</td><td>650.2</td><td>649.2</td><td>1.0</td><td></td><td>1,384.0</td><td>1,069.0</td><td>314.9</td></tr><tr><td>1953</td><td>646.0</td><td>728.0</td><td>-82.0</td><td>212.8</td><td>197.4</td><td>15.3</td><td>589.1</td><td>533.9</td><td>55.2</td><td></td><td>1,447.9</td><td>1,459.4</td><td>-11.5</td></tr><tr><td>1954</td><td>800.9</td><td>792.7</td><td>8.2</td><td>289.7</td><td>283.6</td><td>6.1</td><td>1,115.1</td><td>980.2</td><td>135.0</td><td></td><td>2,205.7</td><td>2,056.4</td><td>149.3</td></tr><tr><td>1955</td><td>1,341.1</td><td>812.1</td><td>529.0</td><td>324.7</td><td>296.0</td><td>28.7</td><td>1,561.2</td><td>1,433.7</td><td>127.5</td><td></td><td>3,227.0</td><td>2,541.8</td><td>685.2</td></tr><tr><td>1955-July</td><td>47.8</td><td>23.9</td><td>23.9</td><td>17.8</td><td>21.3</td><td>-3.5</td><td>149.1</td><td>117.8</td><td>31.3</td><td></td><td>214.7</td><td>163.0</td><td>51.7</td></tr><tr><td>August</td><td>183.6</td><td>24.3</td><td>159.4</td><td>19.0</td><td>17.5</td><td>1.6</td><td>115.8</td><td>98.3</td><td>17.5</td><td></td><td>318.5</td><td>140.0</td><td>178.4</td></tr><tr><td>September</td><td>44.7</td><td>36.1</td><td>8.7</td><td>29.9</td><td>26.1</td><td>3.8</td><td>150.4</td><td>128.2</td><td>22.2</td><td></td><td>225.0</td><td>190.4</td><td>34.6</td></tr><tr><td>October</td><td>21.4</td><td>29.7</td><td>-8.3</td><td>47.4</td><td>20.5</td><td>27.0</td><td>106.5</td><td>120.2</td><td>-13.8</td><td></td><td>175.3</td><td>170.4</td><td>4.9</td></tr><tr><td>November</td><td>35.0</td><td>38.5</td><td>-3.5</td><td>19.1</td><td>23.9</td><td>-4.8</td><td>102.3</td><td>117.4</td><td>-15.1</td><td></td><td>156.4</td><td>179.9</td><td>-23.4</td></tr><tr><td>December</td><td>132.2</td><td>86.1</td><td>46.0</td><td>23.7</td><td>23.8</td><td>-0.1</td><td>124.8</td><td>121.6</td><td>3.2</td><td></td><td>280.7</td><td>231.5</td><td>49.2</td></tr><tr><td>1956-January</td><td>33.9</td><td>34.5</td><td>-0.6</td><td>20.7</td><td>23.5r</td><td>-2.8</td><td>167.5r</td><td>111.4</td><td>56.1r</td><td></td><td>222.0r</td><td>169.3</td><td>52.7r</td></tr><tr><td>February</td><td>30.5</td><td>44.4</td><td>-13.9</td><td>26.8</td><td>14.4</td><td>12.4</td><td>109.7</td><td>108.7</td><td>1.0</td><td></td><td>166.9</td><td>167.1</td><td>-0.2</td></tr><tr><td>March</td><td>208.3</td><td>444.1</td><td>-235.8</td><td>19.5</td><td>28.2</td><td>-8.7</td><td>156.4</td><td>176.6</td><td>-20.1</td><td></td><td>384.3</td><td>648.9</td><td>-264.6</td></tr><tr><td>April p...</td><td>46.6</td><td>9.9</td><td>36.7</td><td>20.2</td><td>25.1</td><td>-4.9</td><td>163.3</td><td>139.0</td><td>24.3</td><td></td><td>230.1</td><td>174.0</td><td>56.1</td></tr><tr><td>May p...</td><td>31.8</td><td>18.4</td><td>13.4</td><td>42.4</td><td>19.0</td><td>23.4</td><td>155.7</td><td>119.9</td><td>35.8</td><td></td><td>230.0</td><td>157.4</td><td>72.6</td></tr></table>
1/ Through 1949, includes transactions in corporate bonds.
2/ Through 1949, included with transactions in U. S. Government bonds and notes.
3/ January 4, 1940, through December 31, 1941; the breakdown between stocks
and bonds is not available for earlier years. p Preliminary. r Revised.
62
Treasury Bulletin
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions 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 bonds</th><th colspan="3">Foreign stocks</th><th>Total purchases</th><th>Total sales</th><th>Net purchases of foreign securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1935-41</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>4,008.2</td><td>3,152.6</td><td>855.5</td></tr><tr><td>1942</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td><td>220.5</td><td>227.9</td><td>-7.4</td></tr><tr><td>1943</td><td>446.4</td><td>372.2</td><td>74.2</td><td>23.3</td><td>19.8</td><td>3.5</td><td>469.6</td><td>391.9</td><td>77.7</td></tr><tr><td>1944</td><td>314.3</td><td>225.3</td><td>89.0</td><td>26.6</td><td>22.1</td><td>4.5</td><td>340.9</td><td>247.4</td><td>93.5</td></tr><tr><td>1945</td><td>318.1</td><td>317.3</td><td>-29.2</td><td>37.3</td><td>54.8</td><td>-17.5</td><td>355.4</td><td>402.1</td><td>-46.6</td></tr><tr><td>1946</td><td>755.9</td><td>490.4</td><td>265.5</td><td>65.2</td><td>65.6</td><td>-0.4</td><td>821.2</td><td>556.1</td><td>265.1</td></tr><tr><td>1947</td><td>658.7</td><td>634.3</td><td>24.5</td><td>57.1</td><td>42.6</td><td>14.6</td><td>715.9</td><td>676.8</td><td>39.0</td></tr><tr><td>1948</td><td>211.6</td><td>291.4</td><td>-79.8</td><td>81.7</td><td>96.7</td><td>-15.0</td><td>293.3</td><td>388.2</td><td>-94.8</td></tr><tr><td>1949</td><td>321.2</td><td>311.5</td><td>9.8</td><td>88.8</td><td>70.8</td><td>18.0</td><td>410.1</td><td>382.3</td><td>27.8</td></tr><tr><td>1950</td><td>589.2</td><td>710.2</td><td>-121.0</td><td>173.8</td><td>198.2</td><td>-24.4</td><td>763.0</td><td>908.4</td><td>-145.4</td></tr><tr><td>1951</td><td>500.4</td><td>801.0</td><td>-300.6</td><td>272.3</td><td>348.7</td><td>-76.4</td><td>772.7</td><td>1,149.7</td><td>-377.0</td></tr><tr><td>1952</td><td>495.3</td><td>677.4</td><td>-182.1</td><td>293.9</td><td>329.6</td><td>-35.8</td><td>789.1</td><td>1,007.0</td><td>-217.9</td></tr><tr><td>1953</td><td>542.5</td><td>621.5</td><td>-79.0</td><td>310.1</td><td>303.4</td><td>6.8</td><td>852.7</td><td>924.9</td><td>-72.2</td></tr><tr><td>1954</td><td>792.4</td><td>841.3</td><td>-48.8</td><td>393.3</td><td>644.9</td><td>-251.6</td><td>1,185.8</td><td>1,486.1</td><td>-300.4</td></tr><tr><td>1955</td><td>693.3</td><td>509.4</td><td>183.9</td><td>663.6</td><td>877.9</td><td>-214.3</td><td>1,356.9</td><td>1,387.3</td><td>-30.4</td></tr><tr><td>1955-July</td><td>59.6</td><td>36.3</td><td>23.2</td><td>55.0</td><td>74.9</td><td>-19.9</td><td>114.5</td><td>111.2</td><td>3.3</td></tr><tr><td>August</td><td>40.5</td><td>26.1</td><td>14.4</td><td>53.7</td><td>73.1</td><td>-19.3</td><td>94.2</td><td>99.2</td><td>-5.0</td></tr><tr><td>September</td><td>36.6</td><td>40.6</td><td>-4.0</td><td>70.7</td><td>81.7</td><td>-11.0</td><td>107.3</td><td>122.3</td><td>-15.0</td></tr><tr><td>October</td><td>45.8</td><td>34.1</td><td>11.7</td><td>58.0</td><td>61.2</td><td>-3.2</td><td>103.8</td><td>95.3</td><td>8.5</td></tr><tr><td>November</td><td>38.4</td><td>37.1</td><td>1.3</td><td>57.2</td><td>55.4</td><td>1.8</td><td>95.6</td><td>92.5</td><td>3.1</td></tr><tr><td>December</td><td>41.8</td><td>56.8</td><td>-15.0</td><td>57.8</td><td>63.1</td><td>-5.3</td><td>99.6</td><td>120.0</td><td>-20.3</td></tr><tr><td>1956-January</td><td>59.8</td><td>139.1</td><td>-79.3</td><td>61.4</td><td>53.4</td><td>8.0</td><td>121.2</td><td>192.5</td><td>-71.3</td></tr><tr><td>February</td><td>34.8</td><td>42.4</td><td>-7.6</td><td>56.2</td><td>63.5</td><td>-7.3</td><td>90.9</td><td>105.9</td><td>-14.9</td></tr><tr><td>March</td><td>34.0</td><td>38.4</td><td>-4.4</td><td>73.7</td><td>98.7</td><td>-25.0</td><td>107.7</td><td>137.1</td><td>-29.4</td></tr><tr><td>April p</td><td>38.0</td><td>25.5</td><td>12.5</td><td>69.4</td><td>86.7</td><td>-17.3</td><td>107.3</td><td>112.2</td><td>-4.9</td></tr><tr><td>May p</td><td>52.0</td><td>151.6</td><td>-99.6</td><td>89.6</td><td>113.5</td><td>-23.9</td><td>141.5</td><td>265.2</td><td>-123.5</td></tr></table>
n.s. Not available. p Preliminary.
August 1956
6
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1951</th><th>1952</th><th>1953</th><th>1954</th><th>1955</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th><th>June p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>57.1</td><td>91.1</td><td>190.9</td><td>273.2</td><td>260.8</td><td>254.4</td><td>253.0</td><td>251.7</td><td>246.2</td><td>242.1</td><td>247.3</td></tr><tr><td>Belgium</td><td>134.7</td><td>123.9</td><td>130.3</td><td>99.8</td><td>108.3</td><td>112.8</td><td>115.1</td><td>125.9</td><td>123.4</td><td>107.0</td><td>104.6</td></tr><tr><td>Czechoslovakia</td><td>1.3</td><td>.6</td><td>.6</td><td>.7</td><td>.7</td><td>.7</td><td>.6</td><td>.7</td><td>.7</td><td>1.0</td><td>.7</td></tr><tr><td>Denmark</td><td>45.3</td><td>70.4</td><td>95.7</td><td>71.1</td><td>60.0</td><td>63.8</td><td>68.5</td><td>70.7</td><td>71.5</td><td>67.0</td><td>69.6</td></tr><tr><td>Finland</td><td>27.0</td><td>28.5</td><td>37.9</td><td>41.3</td><td>49.3</td><td>45.5</td><td>45.7</td><td>45.3</td><td>48.8</td><td>48.5</td><td>47.2</td></tr><tr><td>France</td><td>289.4</td><td>342.6</td><td>428.5</td><td>725.4</td><td>1,080.6</td><td>1,066.4</td><td>1,035.1</td><td>1,123.1</td><td>867.3</td><td>906.7</td><td>878.9</td></tr><tr><td>Germany, Federal Republic of</td><td>405.6</td><td>551.1</td><td>898.8</td><td>1,372.5</td><td>1,454.4</td><td>1,457.8</td><td>1,467.0</td><td>1,486.7</td><td>1,523.9</td><td>1,580.3</td><td>1,639.9</td></tr><tr><td>Greece</td><td>45.8</td><td>47.3</td><td>100.9</td><td>112.5</td><td>175.7</td><td>200.3</td><td>188.1</td><td>183.0</td><td>183.9</td><td>182.5</td><td>165.3</td></tr><tr><td>Italy</td><td>300.5</td><td>308.9</td><td>465.7</td><td>578.6</td><td>785.4</td><td>785.3</td><td>797.6</td><td>806.0</td><td>811.7</td><td>830.4</td><td>859.8</td></tr><tr><td>Netherlands</td><td>148.8</td><td>203.1</td><td>242.9</td><td>249.3</td><td>163.7</td><td>182.6</td><td>183.3</td><td>193.0</td><td>223.3</td><td>227.0</td><td>205.7</td></tr><tr><td>Norway</td><td>99.7</td><td>110.3</td><td>118.5</td><td>103.4</td><td>78.5</td><td>62.8</td><td>48.8</td><td>51.2</td><td>51.5</td><td>50.7</td><td>51.6</td></tr><tr><td>Poland</td><td>2.8</td><td>3.4</td><td>2.2</td><td>2.1</td><td>2.5</td><td>2.8</td><td>2.2</td><td>2.4</td><td>3.1</td><td>2.0</td><td>2.6</td></tr><tr><td>Portugal</td><td>40.7</td><td>57.4</td><td>72.4</td><td>91.3</td><td>131.8</td><td>126.5</td><td>128.3</td><td>133.3</td><td>134.4</td><td>134.5</td><td>124.5</td></tr><tr><td>Rumania</td><td>6.1</td><td>6.1</td><td>5.8</td><td>7.8</td><td>8.1</td><td>8.2</td><td>8.2</td><td>7.9</td><td>7.2</td><td>7.3</td><td>6.9</td></tr><tr><td>Spain</td><td>17.1</td><td>19.2</td><td>36.0</td><td>71.3</td><td>104.4</td><td>101.7</td><td>103.1</td><td>98.9</td><td>101.5</td><td>96.3</td><td>89.7</td></tr><tr><td>Sweden</td><td>71.7</td><td>91.0</td><td>116.7</td><td>141.0</td><td>152.9</td><td>153.7</td><td>159.7</td><td>170.7</td><td>167.5</td><td>162.2</td><td>169.2</td></tr><tr><td>Switzerland</td><td>521.3</td><td>641.8</td><td>674.2</td><td>672.4</td><td>756.7</td><td>741.2</td><td>739.1</td><td>733.4</td><td>742.1</td><td>708.5</td><td>736.1</td></tr><tr><td>Turkey</td><td>14.1</td><td>8.4</td><td>14.2</td><td>8.2</td><td>8.7</td><td>11.8</td><td>12.6</td><td>9.9</td><td>9.7</td><td>8.3</td><td>7.4</td></tr><tr><td>U. S. S. R.</td><td>2.5</td><td>1.7</td><td>2.0</td><td>1.8</td><td>.7</td><td>.8</td><td>.9</td><td>.9</td><td>.9</td><td>2.4</td><td>.9</td></tr><tr><td>United Kingdom</td><td>642.6</td><td>817.9</td><td>708.9</td><td>639.5</td><td>547.5</td><td>556.7</td><td>678.9</td><td>766.5</td><td>777.3</td><td>751.3</td><td>745.7</td></tr><tr><td>Yugoslavia</td><td>7.1</td><td>12.0</td><td>6.9</td><td>8.6</td><td>13.0</td><td>10.7</td><td>9.1</td><td>12.8</td><td>4.7</td><td>8.2</td><td>8.8</td></tr><tr><td>Other Europe</td><td>124.7</td><td>218.8</td><td>383.5</td><td>358.8</td><td>197.1</td><td>221.7</td><td>268.7</td><td>265.6</td><td>442.6</td><td>328.5</td><td>314.8</td></tr><tr><td>Total Europe</td><td>3,005.9</td><td>3,755.5</td><td>4,733.6</td><td>5,620.5</td><td>6,140.9</td><td>6,268.1</td><td>6,313.6</td><td>6,539.3</td><td>6,543.6</td><td>6,452.6</td><td>6,472.7</td></tr><tr><td>Canada</td><td>1,307.1</td><td>1,420.7</td><td>1,295.5</td><td>1,535.7</td><td>1,032.2</td><td>1,083.7r</td><td>1,088.8</td><td>1,178.2</td><td>1,206.9</td><td>1,269.1</td><td>1,285.3</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>249.7</td><td>138.8</td><td>130.0</td><td>160.4</td><td>137.9</td><td>138.3</td><td>142.7</td><td>140.4</td><td>127.9</td><td>120.2</td><td>124.9</td></tr><tr><td>Bolivia</td><td>27.8</td><td>24.5</td><td>19.1</td><td>29.2</td><td>26.4</td><td>28.3</td><td>28.4</td><td>27.1</td><td>27.0</td><td>25.2</td><td>25.1</td></tr><tr><td>Brazil</td><td>100.3</td><td>72.5</td><td>101.7</td><td>119.6</td><td>143.4</td><td>156.3</td><td>191.7</td><td>215.0</td><td>192.8</td><td>198.5</td><td>217.0</td></tr><tr><td>Chile</td><td>54.0</td><td>79.3</td><td>78.8</td><td>69.6</td><td>95.2</td><td>78.8</td><td>79.5</td><td>98.3</td><td>87.4</td><td>91.4</td><td>101.1</td></tr><tr><td>Colombia</td><td>106.4</td><td>118.2</td><td>150.2</td><td>222.2</td><td>130.5</td><td>132.8</td><td>132.9</td><td>135.8</td><td>146.7</td><td>138.7</td><td>138.3</td></tr><tr><td>Cuba</td><td>263.6</td><td>301.2</td><td>340.8</td><td>236.7</td><td>252.7</td><td>227.3</td><td>222.6</td><td>236.2</td><td>254.8r</td><td>260.6r</td><td>263.2</td></tr><tr><td>Dominican Republic</td><td>45.8</td><td>44.2</td><td>39.3</td><td>60.4</td><td>64.9</td><td>65.0</td><td>64.7</td><td>66.0</td><td>63.9</td><td>65.2</td><td>66.6</td></tr><tr><td>Guatemala</td><td>27.3</td><td>34.3</td><td>37.9</td><td>34.5</td><td>44.8</td><td>51.3</td><td>57.8</td><td>63.8</td><td>69.8</td><td>68.2</td><td>65.9</td></tr><tr><td>Mexico</td><td>158.2</td><td>231.2</td><td>183.2</td><td>328.9</td><td>413.7</td><td>399.4</td><td>407.1</td><td>419.0</td><td>416.2</td><td>383.6</td><td>358.5</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>34.9</td><td>44.3</td><td>51.5</td><td>48.7</td><td>46.6</td><td>48.7</td><td>48.7</td><td>50.6</td><td>53.4</td><td>55.6</td><td>68.2</td></tr><tr><td>Panam, Republic of</td><td>67.7</td><td>80.8</td><td>89.9</td><td>73.8</td><td>85.7</td><td>80.5</td><td>78.2</td><td>82.0</td><td>89.0</td><td>92.6</td><td>92.6</td></tr><tr><td>Peru</td><td>47.2</td><td>60.9</td><td>68.0</td><td>83.4</td><td>92.2</td><td>90.2</td><td>93.0</td><td>92.1</td><td>87.3</td><td>82.7</td><td>73.9</td></tr><tr><td>El Salvador</td><td>27.8</td><td>25.6</td><td>26.8</td><td>30.4</td><td>23.9</td><td>33.6</td><td>42.5</td><td>46.3</td><td>45.7</td><td>43.9</td><td>45.5</td></tr><tr><td>Uruguay</td><td>84.7</td><td>94.1</td><td>109.6</td><td>90.3</td><td>65.0</td><td>69.2</td><td>73.8</td><td>72.9</td><td>74.1</td><td>65.7</td><td>66.5</td></tr><tr><td>Venezuela</td><td>71.9</td><td>145.5</td><td>222.4</td><td>193.6</td><td>264.9</td><td>239.2</td><td>213.2</td><td>224.1</td><td>301.5r</td><td>349.1r</td><td>330.9</td></tr><tr><td>Other Latin America</td><td>87.8</td><td>117.4</td><td>119.2</td><td>124.1</td><td>112.1</td><td>113.1</td><td>124.0</td><td>133.5</td><td>133.1</td><td>135.5</td><td>140.8</td></tr><tr><td>Total Latin America</td><td>1,455.2</td><td>1,612.9</td><td>1,768.4</td><td>1,905.9</td><td>1,999.8</td><td>1,992.2</td><td>2,000.8</td><td>2,103.2</td><td>2,170.4r</td><td>2,176.7r</td><td>2,178.9</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>43.2</td><td>38.3</td><td>36.4</td><td>35.7</td><td>36.2</td><td>37.2</td><td>36.6</td><td>36.6</td><td>36.5</td><td>35.5</td><td>37.0</td></tr><tr><td>Formosa</td><td>44.2</td><td>38.2</td><td>37.2</td><td>34.3</td><td>38.8</td><td>40.2</td><td>40.5</td><td>39.5</td><td>38.2</td><td>40.4</td><td>41.8</td></tr><tr><td>Hong Kong</td><td>62.4</td><td>70.9</td><td>68.0</td><td>60.8</td><td>55.0</td><td>55.4</td><td>56.2</td><td>57.4</td><td>58.4</td><td>55.2</td><td>54.0</td></tr><tr><td>India</td><td>62.1</td><td>64.6</td><td>99.0</td><td>86.9</td><td>72.8</td><td>70.4</td><td>68.7</td><td>82.9</td><td>74.6</td><td>64.2</td><td>81.8</td></tr><tr><td>Indonesia</td><td>140.6</td><td>61.0</td><td>39.3</td><td>100.3</td><td>174.5</td><td>159.2</td><td>164.3</td><td>155.3</td><td>129.0</td><td>119.8</td><td>112.5</td></tr><tr><td>Iran</td><td>25.5</td><td>19.2</td><td>43.6</td><td>31.4</td><td>36.6</td><td>33.2</td><td>23.4</td><td>28.1</td><td>25.4</td><td>31.7</td><td>31.1</td></tr><tr><td>Israel</td><td>26.6</td><td>18.8</td><td>18.0</td><td>41.0</td><td>52.8</td><td>57.3</td><td>61.4</td><td>55.5</td><td>47.8</td><td>49.4</td><td>54.6</td></tr><tr><td>Japan</td><td>596.0</td><td>808.0</td><td>827.9</td><td>724.9</td><td>900.9</td><td>926.1</td><td>943.6</td><td>964.3</td><td>997.7</td><td>1,012.2</td><td>1,047.3</td></tr><tr><td>Korea, Republic of 2/</td><td>26.2</td><td>54.4</td><td>91.5</td><td>95.6</td><td>87.9</td><td>84.6</td><td>83.3</td><td>88.7</td><td>93.0</td><td>92.5</td><td>95.1</td></tr><tr><td>Philippines</td><td>329.7</td><td>315.1</td><td>295.5</td><td>257.4</td><td>252.0</td><td>261.1</td><td>261.8</td><td>267.7</td><td>274.0</td><td>275.6</td><td>282.2</td></tr><tr><td>Thailand</td><td>96.7</td><td>181.0</td><td>167.9</td><td>123.1</td><td>137.9</td><td>144.4</td><td>149.3</td><td>150.9</td><td>146.2</td><td>143.1</td><td>136.0</td></tr><tr><td>Other Asia</td><td>142.2</td><td>167.1</td><td>172.2</td><td>234.1</td><td>340.4</td><td>343.6</td><td>348.8</td><td>350.1</td><td>347.2</td><td>374.6</td><td>374.3</td></tr><tr><td>Total Asia</td><td>1,595.5</td><td>1,836.5</td><td>1,895.5</td><td>1,825.4</td><td>2,185.9</td><td>2,212.7</td><td>2,237.7</td><td>2,277.0</td><td>2,267.9</td><td>2,294.3</td><td>2,347.7</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>38.5</td><td>47.2</td><td>59.2</td><td>47.7</td><td>75.1</td><td>75.2</td><td>78.2</td><td>76.4</td><td>58.4</td><td>58.4</td><td>79.1</td></tr><tr><td>Belgian Congo</td><td>54.5</td><td>118.6</td><td>89.6</td><td>43.6</td><td>41.5</td><td>42.3</td><td>42.0</td><td>42.9</td><td>43.1</td><td>40.2</td><td>41.1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>110.7</td><td>59.7</td><td>43.3</td><td>47.1</td><td>71.6</td><td>71.2</td><td>69.6</td><td>68.2</td><td>64.7</td><td>62.0</td><td>62.3</td></tr><tr><td>Union of South Africa</td><td>7.0</td><td>23.6</td><td>38.2</td><td>32.7</td><td>52.6</td><td>43.1</td><td>34.7</td><td>42.7</td><td>32.0</td><td>37.4</td><td>29.9</td></tr><tr><td>All other</td><td>86.8</td><td>86.5</td><td>95.7</td><td>94.0</td><td>119.0</td><td>121.0</td><td>128.0</td><td>124.4</td><td>118.2</td><td>126.1</td><td>134.6</td></tr><tr><td>Total other countries</td><td>297.4</td><td>335.6</td><td>326.1</td><td>265.1</td><td>359.9</td><td>352.8</td><td>352.5</td><td>354.6</td><td>316.5</td><td>324.2</td><td>347.2</td></tr><tr><td>International</td><td>1,641.1</td><td>1,584.9</td><td>1,629.4</td><td>1,769.9</td><td>1,881.1</td><td>1,867.4</td><td>1,875.6</td><td>1,894.5</td><td>1,978.4</td><td>1,999.4</td><td>2,007.0</td></tr><tr><td>Grand total</td><td>9,302.2</td><td>10,546.1</td><td>11,648.4</td><td>12,922.5</td><td>13,599.8</td><td>13,737.0r</td><td>13,869.1</td><td>14,346.8</td><td>14,483.7r</td><td>14,516.4r</td><td>14,638.9</td></tr></table>
1/ Liabilities to countries not regularly reported separately are published annually in the April issue of the "Treasury Bulletin."
2/ 1951-1952 as reported by banks in the Second Federal Reserve District only. p Preliminary. r Revise.
64
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1951</th><th>1952</th><th>1953</th><th>1954</th><th>1955</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td colspan="11">Europe:</td></tr><tr><td>Austria</td><td>39.6</td><td>16.2</td><td>13.0</td><td>19.6</td><td>15.9</td><td>17.9</td><td>18.0</td><td>20.0</td><td>24.3</td><td>21.6</td></tr><tr><td>Belgium</td><td>4.8</td><td>2.1</td><td>6.2</td><td>9.7</td><td>13.2</td><td>12.9</td><td>10.7</td><td>9.7</td><td>6.7</td><td>9.6</td></tr><tr><td>Czechoslovakia</td><td>3.1</td><td>5.6</td><td>1.9</td><td>2.5</td><td>2.5</td><td>3.0</td><td>2.4</td><td>1.5</td><td>3.9</td><td>4.9</td></tr><tr><td>Denmark</td><td>10.1</td><td>31.9</td><td>10.6</td><td>14.2</td><td>12.1</td><td>11.5</td><td>14.2</td><td>13.8</td><td>15.2</td><td>16.3</td></tr><tr><td>Finland</td><td>28.3</td><td>26.8</td><td>30.5</td><td>70.2</td><td>87.8</td><td>92.7</td><td>92.8</td><td>91.5</td><td>100.0</td><td>117.6</td></tr><tr><td>France</td><td>10.3</td><td>17.8</td><td>18.8</td><td>19.7</td><td>29.9</td><td>31.2</td><td>28.4</td><td>35.8</td><td>32.1</td><td>32.8</td></tr><tr><td>Germany, Federal Republic of</td><td>10.3</td><td>4.4</td><td>8.6</td><td>15.9</td><td>11.2</td><td>11.8</td><td>13.1</td><td>14.8</td><td>16.6</td><td>15.3</td></tr><tr><td>Greece</td><td>2.5</td><td>1.9</td><td>1.0</td><td>2.1</td><td>8.8</td><td>9.0</td><td>9.1</td><td>9.5</td><td>10.1</td><td>11.2</td></tr><tr><td>Italy</td><td>1.8</td><td>.5</td><td>.6</td><td>.5</td><td>1.5</td><td>1.0</td><td>.9</td><td>1.1</td><td>1.0</td><td>1.1</td></tr><tr><td>Netherlands</td><td>18.9</td><td>11.2</td><td>24.3</td><td>4.0</td><td>4.8</td><td>5.4</td><td>7.7</td><td>6.4</td><td>5.7</td><td>7.2</td></tr><tr><td>Norway</td><td>5.4</td><td>2.5</td><td>2.7</td><td>4.1</td><td>7.4</td><td>7.1</td><td>6.9</td><td>7.4</td><td>7.1</td><td>7.5</td></tr><tr><td>Poland</td><td>11.2</td><td>7.1</td><td>17.9</td><td>15.2</td><td>25.7</td><td>25.9</td><td>27.3</td><td>27.9</td><td>27.9</td><td>27.9</td></tr><tr><td>Portugal</td><td>.6</td><td>38.8</td><td>15.7</td><td>40.7</td><td>77.9</td><td>73.6</td><td>69.1</td><td>69.9</td><td>68.2</td><td>71.4</td></tr><tr><td>Rumanie</td><td>35.0</td><td>30.3</td><td>70.5</td><td>173.5</td><td>109.3</td><td>69.7</td><td>67.2</td><td>69.0</td><td>68.8</td><td>83.0</td></tr><tr><td>Spain</td><td>3.9</td><td>8.6</td><td>4.8</td><td>1.3</td><td>2.0</td><td>3.5</td><td>6.1</td><td>6.4</td><td>5.0</td><td>5.8</td></tr><tr><td>Sweden</td><td>4.0</td><td>5.4</td><td>6.8</td><td>4.5</td><td>6.4</td><td>7.2</td><td>6.8</td><td>7.9</td><td>6.6</td><td>5.3</td></tr><tr><td>Switzerland</td><td>183.4</td><td>212.2</td><td>235.9</td><td>402.5</td><td>423.2</td><td>389.0</td><td>387.2</td><td>400.1</td><td>408.3</td><td>449.4</td></tr><tr><td>U. S. S. R.</td><td>92.0</td><td>62.3</td><td>56.4</td><td>75.6</td><td>143.7</td><td>130.3</td><td>135.1</td><td>132.3</td><td>124.4</td><td>117.0</td></tr><tr><td>United Kingdom</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Europe</td><td>7.6</td><td>8.2</td><td>7.1</td><td>5.6</td><td>6.8</td><td>7.4</td><td>9.5</td><td>12.2</td><td>11.5</td><td>11.0</td></tr><tr><td colspan="11">Canada:</td></tr><tr><td>Latin America:</td><td>7.5</td><td>5.8</td><td>10.8</td><td>2.5</td><td>3.8</td><td>3.9</td><td>3.4</td><td>4.2</td><td>3.1</td><td>2.9</td></tr><tr><td>Argentina</td><td>195.0</td><td>356.4</td><td>125.1</td><td>273.5</td><td>68.7</td><td>63.2</td><td>66.5</td><td>59.7</td><td>62.4</td><td>62.7</td></tr><tr><td>Bolivia</td><td>24.8</td><td>26.4</td><td>22.6</td><td>14.1</td><td>13.7</td><td>10.7</td><td>19.1</td><td>6.1</td><td>7.2</td><td>7.1</td></tr><tr><td>Brazil</td><td>43.7</td><td>41.7</td><td>56.9</td><td>107.0</td><td>143.0</td><td>150.4</td><td>150.7</td><td>159.5</td><td>166.8</td><td>168.2</td></tr><tr><td>Chile</td><td>32.3</td><td>32.5</td><td>51.2</td><td>70.7</td><td>91.9</td><td>81.9</td><td>80.7</td><td>31.2</td><td>85.3</td><td>84.8</td></tr><tr><td>Colombia</td><td>1.8</td><td>1.5</td><td>1.9</td><td>2.6</td><td>5.4</td><td>5.1</td><td>5.0</td><td>4.1</td><td>4.1</td><td>4.5</td></tr><tr><td>Cuba</td><td>3.8</td><td>4.2</td><td>4.1</td><td>3.9</td><td>5.1</td><td>5.2</td><td>5.2</td><td>5.8</td><td>6.9</td><td>6.0</td></tr><tr><td>Dominican Republic</td><td>90.6</td><td>88.6</td><td>92.9</td><td>115.7</td><td>153.7</td><td>157.5</td><td>162.9</td><td>151.5</td><td>153.8</td><td>157.5</td></tr><tr><td>Guatemala</td><td>1.2</td><td>1.3</td><td>2.6</td><td>1.4</td><td>2.5</td><td>1.4</td><td>1.3</td><td>3.4</td><td>2.2</td><td>3.4</td></tr><tr><td>Mexico</td><td>3.0</td><td>6.5</td><td>4.6</td><td>8.8</td><td>16.5</td><td>15.8</td><td>20.3</td><td>19.8</td><td>18.4</td><td>18.5</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>11.8</td><td>14.8</td><td>20.2</td><td>16.2</td><td>29.4</td><td>32.0</td><td>31.2</td><td>30.2</td><td>30.0</td><td>28.5</td></tr><tr><td>Panama, Republic of</td><td>9.5</td><td>9.1</td><td>8.2</td><td>10.0</td><td>8.1</td><td>6.1</td><td>6.7</td><td>6.5</td><td>6.2</td><td>6.1</td></tr><tr><td>Peru</td><td>10.5</td><td>14.3</td><td>3.7</td><td>6.9</td><td>18.1</td><td>20.4</td><td>19.7</td><td>13.3</td><td>12.0</td><td>7.5</td></tr><tr><td>El Salvador</td><td>41.7</td><td>36.7</td><td>41.6</td><td>62.7</td><td>104.8</td><td>101.2</td><td>101.5</td><td>108.4</td><td>112.4</td><td>132.6</td></tr><tr><td>Uruguay</td><td>14.5</td><td>13.7</td><td>19.3</td><td>26.5</td><td>33.9</td><td>34.1</td><td>33.6</td><td>35.3</td><td>35.8</td><td>35.0</td></tr><tr><td>Venezuela</td><td>489.3</td><td>662.0</td><td>472.7</td><td>728.1</td><td>705.6</td><td>696.4</td><td>718.0</td><td>701.3</td><td>718.1</td><td>736.2</td></tr><tr><td>Other Latin America</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Latin America</td><td>2.7</td><td>2.6</td><td>2.6</td><td>2.5</td><td>2.5</td><td>2.5</td><td>2.5</td><td>2.5</td><td>2.5</td><td>2.5</td></tr><tr><td>Asia:</td><td>7.4</td><td>7.5</td><td>5.5</td><td>5.4</td><td>5.5</td><td>6.5</td><td>6.0</td><td>6.0</td><td>5.9</td><td>5.9</td></tr><tr><td>China Mainland</td><td>3.1</td><td>1.2</td><td>3.1</td><td>3.4</td><td>3.3</td><td>3.7</td><td>4.6</td><td>4.5</td><td>5.3</td><td>5.9</td></tr><tr><td>Formosa</td><td>13.4</td><td>4.3</td><td>3.7</td><td>4.9</td><td>5.4</td><td>6.1</td><td>5.3</td><td>7.2</td><td>6.1</td><td>7.4</td></tr><tr><td>Hong Kong</td><td>.3</td><td>.9</td><td>.8</td><td>.7</td><td>.8</td><td>2.9</td><td>1.1</td><td>.6</td><td>.6</td><td>.5</td></tr><tr><td>India</td><td>9.3</td><td>10.2</td><td>13.8</td><td>15.8</td><td>18.0</td><td>16.6</td><td>18.8</td><td>20.5</td><td>19.9</td><td>21.5</td></tr><tr><td>Indonesia</td><td>30.0</td><td>15.1</td><td>22.9</td><td>10.7</td><td>10.4</td><td>11.2</td><td>10.7</td><td>10.5</td><td>10.4</td><td>10.4</td></tr><tr><td>Iran</td><td>12.2</td><td>12.5</td><td>25.6</td><td>50.0</td><td>102.9</td><td>97.4</td><td>92.8</td><td>95.5</td><td>99.9</td><td>113.2</td></tr><tr><td>Israel</td><td>1/1</td><td>1/1</td><td>1/1</td><td>.2</td><td>1.0</td><td>1.3</td><td>1.4</td><td>1.5</td><td>1.4</td><td>1.5</td></tr><tr><td>Japan</td><td>29.3</td><td>7.6</td><td>5.8</td><td>7.3</td><td>18.8</td><td>20.3</td><td>16.1</td><td>12.0</td><td>8.7</td><td>11.1</td></tr><tr><td>Korea, Republic of</td><td>2.5</td><td>3.3</td><td>6.1</td><td>6.3</td><td>8.0</td><td>8.2</td><td>9.3</td><td>8.8</td><td>8.9</td><td>8.4</td></tr><tr><td>Philippinnes</td><td>51.6</td><td>24.6</td><td>24.7</td><td>36.0</td><td>56.0</td><td>69.7</td><td>67.5</td><td>62.9</td><td>62.3</td><td>76.0</td></tr><tr><td>Thailand</td><td>161.8</td><td>89.8</td><td>114.8</td><td>143.3</td><td>232.5</td><td>246.4</td><td>236.1</td><td>232.4</td><td>231.9</td><td>264.2</td></tr><tr><td>Other 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>Total Asia</td><td>22.8</td><td>10.1</td><td>8.0</td><td>14.1</td><td>11.4</td><td>12.6</td><td>11.3</td><td>11.9</td><td>12.2</td><td>11.9</td></tr><tr><td>Other countries:</td><td>5.7</td><td>6.0</td><td>6.3</td><td>6.3</td><td>5.2</td><td>5.2</td><td>5.3</td><td>5.2</td><td>5.5</td><td>5.8</td></tr><tr><td>Australia</td><td>.2</td><td>.5</td><td>.5</td><td>1.0</td><td>1.5</td><td>2.0</td><td>2.3</td><td>2.1</td><td>1.8</td><td>2.4</td></tr><tr><td>Belgian Congo</td><td>6.7</td><td>2.0</td><td>2.4</td><td>5.9</td><td>8.4</td><td>7.8</td><td>6.7</td><td>6.7</td><td>7.5</td><td>7.1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>6.4</td><td>3.8</td><td>7.8</td><td>9.6</td><td>17.0</td><td>13.5</td><td>13.4</td><td>17.6</td><td>19.1</td><td>17.7</td></tr><tr><td>Union of South Africa</td><td>41.9</td><td>22.4</td><td>24.9</td><td>37.0</td><td>43.5</td><td>41.0</td><td>38.9</td><td>43.7</td><td>46.2</td><td>44.8</td></tr><tr><td>All other</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total other countries</td><td>968.4</td><td>1,048.7</td><td>904.5</td><td>1,386.5</td><td>1,548.5</td><td>1,503.1</td><td>1,515.3</td><td>1,509.8</td><td>1,529.0</td><td>1,611.5</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></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
1/ Not reported separately prior to March 1954.
* Less than $50,000.
p Preliminary.
August 1956
65
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
<table><tr><th>Country</th><th>1951</th><th>1952</th><th>1953</th><th>1954</th><th>1955</th><th>December</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>-11,876</td><td>421</td><td>1,813</td><td>4,060</td><td>-2,903</td><td>9</td><td>1</td><td>-81</td><td>21</td><td>-45</td><td>-7</td></tr><tr><td>Belgium</td><td>5,655</td><td>-488</td><td>-581</td><td>4,869</td><td>13,311</td><td>-55</td><td>1,117</td><td>2,086</td><td>2,177</td><td>-411</td><td>585</td></tr><tr><td>Czechoslovakia</td><td>-58</td><td>11</td><td>2</td><td>-22</td><td>-28</td><td>-</td><td>-</td><td>-</td><td>118</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>401</td><td>48</td><td>1,800</td><td>393</td><td>-98</td><td>126</td><td>-1,325</td><td>165</td><td>-22</td><td>14</td><td>-4</td></tr><tr><td>Finland</td><td>-80</td><td>-29</td><td>963</td><td>1,582</td><td>1,923</td><td>-515</td><td>-1</td><td>7</td><td>3</td><td>-</td><td>-</td></tr><tr><td>France</td><td>5,969</td><td>5,460</td><td>-41,668</td><td>16,992</td><td>-1,685</td><td>-13,695</td><td>-190</td><td>335</td><td>-139,106</td><td>2,597</td><td>2,595</td></tr><tr><td>Germany, Federal Republic of</td><td>-12</td><td>154</td><td>183</td><td>-148</td><td>8,761</td><td>915</td><td>53</td><td>1,090</td><td>973</td><td>1,121</td><td>34</td></tr><tr><td>Greece</td><td>4</td><td>551</td><td>21</td><td>-101</td><td>811</td><td>27</td><td>-12</td><td>44</td><td>-582</td><td>57</td><td>54</td></tr><tr><td>Italy</td><td>1,921</td><td>490</td><td>-481</td><td>-616</td><td>-6,894</td><td>-356</td><td>-4</td><td>-522</td><td>996</td><td>545</td><td>358</td></tr><tr><td>Netherlands</td><td>-22,174</td><td>-21,943</td><td>-21,319</td><td>-34,339</td><td>17,695</td><td>1,901</td><td>2,038</td><td>-3,309</td><td>-25,206</td><td>-1,344</td><td>276</td></tr><tr><td>Norway</td><td>-38,103</td><td>5,978</td><td>-4,542</td><td>1,464</td><td>47,580</td><td>1,560</td><td>5,700</td><td>11,659</td><td>-1,582</td><td>3,357</td><td>5,051</td></tr><tr><td>Poland</td><td>138</td><td>-89</td><td>41</td><td>-98</td><td>39</td><td>6</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>201</td><td>419</td><td>631</td><td>-9</td><td>2,261</td><td>11</td><td>110</td><td>-100</td><td>42</td><td>33</td><td>-33</td></tr><tr><td>Rumanie</td><td>-</td><td>1</td><td>2</td><td>-89</td><td>-361</td><td>-21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>56</td><td>491</td><td>-925</td><td>800</td><td>663</td><td>210</td><td>78</td><td>-81</td><td>18</td><td>383</td><td>110</td></tr><tr><td>Sweden</td><td>28</td><td>570</td><td>-521</td><td>-287</td><td>-1,004</td><td>96</td><td>447</td><td>-247</td><td>6</td><td>229</td><td>-20</td></tr><tr><td>Switzerland</td><td>45,897</td><td>50,729</td><td>57,086</td><td>73,402</td><td>147,487</td><td>7,693</td><td>18,072</td><td>-4,563</td><td>25,498</td><td>43 575</td><td>47,306</td></tr><tr><td>Turkey</td><td>84</td><td>63</td><td>-45</td><td>1,416</td><td>346</td><td>16</td><td>16</td><td>-5</td><td>2</td><td>-23</td><td>-55</td></tr><tr><td>U. S. S. R.</td><td>-149</td><td>-</td><td>-8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>21,369</td><td>70,431</td><td>71,258</td><td>69,766</td><td>96,025</td><td>-3,431</td><td>5,591</td><td>-9,164</td><td>-26,845</td><td>6,542</td><td>14,285</td></tr><tr><td>Yugoslavia</td><td>-313</td><td>-3</td><td>-14</td><td>-184</td><td>-186</td><td>-1</td><td>34</td><td>-</td><td>-</td><td>-3</td><td>-</td></tr><tr><td>Other Europe</td><td>287</td><td>-1,798</td><td>-1,373</td><td>77</td><td>5,374</td><td>900</td><td>3,509</td><td>3,143</td><td>-4,830</td><td>-1,843</td><td>-1,210</td></tr><tr><td>Total Europe</td><td>9,245</td><td>111,467</td><td>62,323</td><td>138,928</td><td>329,117</td><td>-4,604</td><td>35,234</td><td>457</td><td>-168,319</td><td>54,784</td><td>69,325</td></tr><tr><td>Canada</td><td>-595,495</td><td>191,647</td><td>-120,617</td><td>-187,195</td><td>264,825</td><td>41,297</td><td>10,093r</td><td>6,223</td><td>-85,690</td><td>-4,433</td><td>-1,856</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>-962</td><td>1,268</td><td>1,138</td><td>-938</td><td>930</td><td>69</td><td>337</td><td>425</td><td>-177</td><td>436</td><td>138</td></tr><tr><td>Bolivia</td><td>338</td><td>358</td><td>119</td><td>202</td><td>108</td><td>-174</td><td>27</td><td>41</td><td>179</td><td>23</td><td>-125</td></tr><tr><td>Brazil</td><td>1,550</td><td>281</td><td>638</td><td>413</td><td>1,110</td><td>256</td><td>170</td><td>24</td><td>155</td><td>595</td><td>277</td></tr><tr><td>Chile</td><td>637</td><td>412</td><td>1,115</td><td>1,979</td><td>3,782</td><td>703</td><td>571</td><td>22</td><td>-109</td><td>177</td><td>336</td></tr><tr><td>Colombia</td><td>510</td><td>-836</td><td>-1,519</td><td>-474</td><td>1,460</td><td>254</td><td>-3</td><td>111</td><td>69</td><td>310</td><td>131</td></tr><tr><td>Cuba</td><td>6,051</td><td>170</td><td>19,385</td><td>84,255</td><td>53,677</td><td>971</td><td>1,895</td><td>-599</td><td>1,102</td><td>1,564</td><td>299</td></tr><tr><td>Dominican Republic</td><td>1,785</td><td>409</td><td>-1,029</td><td>265</td><td>-53</td><td>142</td><td>173</td><td>-7</td><td>-6</td><td>159</td><td>-</td></tr><tr><td>Guatemala</td><td>-425</td><td>6</td><td>-1,170</td><td>-1,267</td><td>-141</td><td>19</td><td>-213</td><td>85</td><td>-5</td><td>-10</td><td>37</td></tr><tr><td>Mexico</td><td>2,501</td><td>2,592</td><td>-886</td><td>624</td><td>2,128</td><td>1,165</td><td>-363</td><td>602</td><td>57</td><td>152</td><td>310</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>3,066</td><td>436</td><td>873</td><td>-3,137</td><td>1,190</td><td>338</td><td>-29</td><td>-379</td><td>-253</td><td>-45</td><td>47</td></tr><tr><td>Panama, Republic of</td><td>764</td><td>-6,532</td><td>-2,424</td><td>13,339</td><td>3,016</td><td>729</td><td>-273</td><td>-5,017</td><td>-377</td><td>-619</td><td>863</td></tr><tr><td>Peru</td><td>-84</td><td>96</td><td>664</td><td>-119</td><td>804</td><td>43</td><td>30</td><td>-246</td><td>-27</td><td>-88</td><td>25</td></tr><tr><td>El Salvador</td><td>-10,921</td><td>65</td><td>21</td><td>-40</td><td>-157</td><td>-2</td><td>23</td><td>9</td><td>31</td><td>-18</td><td>-64</td></tr><tr><td>Uruguay</td><td>2,558</td><td>2,680</td><td>3,450</td><td>6,403</td><td>198</td><td>904</td><td>2,047</td><td>-50</td><td>2,286</td><td>578</td><td>-380</td></tr><tr><td>Venezuela</td><td>4,213</td><td>1,594</td><td>1,443</td><td>3,549</td><td>669</td><td>708</td><td>190</td><td>147</td><td>138</td><td>-383</td><td>449</td></tr><tr><td>Other Latin America</td><td>2,309</td><td>1,687</td><td>3,041</td><td>8,025</td><td>7,445</td><td>594</td><td>199</td><td>-1,766</td><td>353</td><td>93</td><td>131</td></tr><tr><td>Total Latin America</td><td>13,890</td><td>4,686</td><td>24,859</td><td>113,179</td><td>76,166</td><td>6,719</td><td>4,781</td><td>-6,598</td><td>3,416</td><td>2,924</td><td>2,474</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>-153</td><td>-98</td><td>-153</td><td>-404</td><td>688</td><td>4</td><td>-1</td><td>10</td><td>75</td><td>-10</td><td>59</td></tr><tr><td>Formosa</td><td>-203</td><td>853</td><td>-420</td><td>-</td><td>945</td><td>14</td><td>-11</td><td>-</td><td>-172</td><td>-41</td><td>13</td></tr><tr><td>Hong Kong</td><td>7,014</td><td>1,323</td><td>-1,432</td><td>5,393</td><td>5,300</td><td>1,227</td><td>329</td><td>-703</td><td>1,466</td><td>1,344</td><td>959</td></tr><tr><td>India</td><td>-648</td><td>42</td><td>141</td><td>-404</td><td>789</td><td>10</td><td>24</td><td>-3</td><td>2</td><td>26</td><td>-37</td></tr><tr><td>Indonesia</td><td>252</td><td>-69</td><td>-49</td><td>-748</td><td>15,140</td><td>-18</td><td>29</td><td>27</td><td>-15,004</td><td>32</td><td>22</td></tr><tr><td>Iran</td><td>160</td><td>101</td><td>-57</td><td>-41</td><td>20</td><td>3</td><td>6</td><td>40</td><td>-5</td><td>-22</td><td>12</td></tr><tr><td>Israel</td><td>-2,283</td><td>543</td><td>-24</td><td>-550</td><td>-785</td><td>5</td><td>41</td><td>-5</td><td>-151</td><td>2</td><td>-25</td></tr><tr><td>Japan</td><td>143</td><td>491</td><td>343</td><td>1,063</td><td>1,751</td><td>1,422</td><td>466</td><td>-6</td><td>38</td><td>58</td><td>67</td></tr><tr><td>Korea, Republic of</td><td>1/</td><td>1/</td><td>1/</td><td>24</td><td>154</td><td>17</td><td>2</td><td>-</td><td>1</td><td>-</td><td>6</td></tr><tr><td>Philippines</td><td>-2,068</td><td>-11,422</td><td>-179</td><td>-1,079</td><td>154</td><td>17</td><td>2</td><td>18</td><td>85</td><td>-33</td><td>30</td></tr><tr><td>Thailand</td><td>1,737</td><td>149</td><td>-180</td><td>-141</td><td>254</td><td>4</td><td>3</td><td>-12</td><td>10</td><td>5</td><td>12</td></tr><tr><td>Other Asia</td><td>599</td><td>-382</td><td>877</td><td>758</td><td>4,857</td><td>-165</td><td>682</td><td>264</td><td>798</td><td>303</td><td>342</td></tr><tr><td>Total Asia</td><td>4,753</td><td>-9,535</td><td>70</td><td>3,451</td><td>29,121</td><td>2,523</td><td>1,576</td><td>-370</td><td>-12,857</td><td>1,664</td><td>1,460</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>82</td><td>-359</td><td>99</td><td>168</td><td>349</td><td>71</td><td>23</td><td>12</td><td>46</td><td>13</td><td>25</td></tr><tr><td>Belgian Congo</td><td>14</td><td>2</td><td>14</td><td>-20</td><td>32</td><td>-1</td><td>1</td><td>5</td><td>-2</td><td>-4</td><td>1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>-954</td><td>-499</td><td>123</td><td>210</td><td>128</td><td>3</td><td>6</td><td>10</td><td>-129</td><td>9</td><td>14</td></tr><tr><td>Union of South Africa</td><td>228</td><td>1,021</td><td>-903</td><td>541</td><td>-21</td><td>-56</td><td>36</td><td>-11</td><td>36</td><td>78</td><td>-52</td></tr><tr><td>All other</td><td>-114</td><td>1,770</td><td>-222</td><td>2,326</td><td>6,076</td><td>1,460</td><td>436</td><td>-874</td><td>-505</td><td>930</td><td>604</td></tr><tr><td>Total other countries</td><td>-714</td><td>1,935</td><td>-889</td><td>3,225</td><td>6,564</td><td>1,477</td><td>502</td><td>-858</td><td>-554</td><td>1,026</td><td>592</td></tr><tr><td>International</td><td>-15,938</td><td>14,744</td><td>22,741</td><td>77,730</td><td>-20,561</td><td>1,742</td><td>530</td><td>608</td><td>-630</td><td>-121</td><td>598</td></tr><tr><td>Grand total</td><td>-584,289</td><td>314,944</td><td>-11,513</td><td>149,318</td><td>685,232</td><td>49,154</td><td>52,716r</td><td>-538</td><td>-264,634</td><td>56,144</td><td>72,593</td></tr></table>
b/ Not reported separately prior to March 1954.
p Preliminary. r Revised.
66
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
<table><tr><th>Country</th><th>1951</th><th>1952</th><th>1953</th><th>1954</th><th>1955</th><th>December</th><th>January</th><th>February</th><th>March</th><th>April p</th><th>May p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>549</td><td>3,818</td><td>1,995</td><td>3,056</td><td>-587</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-1</td><td>11</td></tr><tr><td>Belgium</td><td>-303</td><td>3,511</td><td>1,489</td><td>7,214</td><td>-6,985</td><td>3,219</td><td>53</td><td>681</td><td>-581</td><td>-222</td><td>-129</td></tr><tr><td>Czechoslovakia</td><td>-25</td><td>-28</td><td>-11</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-15</td><td>-</td></tr><tr><td>Denmark</td><td>5,256</td><td>5,309</td><td>12,004</td><td>25,574</td><td>15,356</td><td>25</td><td>183</td><td>50</td><td>141</td><td>1,028</td><td>222</td></tr><tr><td>Finland</td><td>98</td><td>58</td><td>217</td><td>1,179</td><td>179</td><td>49</td><td>-</td><td>-</td><td>111</td><td>4</td><td>2</td></tr><tr><td>France</td><td>-4,133</td><td>4,904</td><td>5,395</td><td>-4,670</td><td>5,401</td><td>2,270</td><td>1,389</td><td>408</td><td>-472</td><td>764</td><td>1,153</td></tr><tr><td>Germany, Federal Republic of</td><td>13</td><td>-506</td><td>-162</td><td>1,280</td><td>4,662</td><td>-1,628</td><td>1,128</td><td>534</td><td>-27</td><td>896</td><td>754</td></tr><tr><td>Greece</td><td>26</td><td>40</td><td>50</td><td>1,351</td><td>60</td><td>1</td><td>-34</td><td>-</td><td>-34</td><td>-</td><td>25</td></tr><tr><td>Italy</td><td>1,167</td><td>1,170</td><td>3,143</td><td>3,991</td><td>1,783</td><td>280</td><td>795</td><td>-11</td><td>-28</td><td>-30</td><td>193</td></tr><tr><td>Netherlands</td><td>2,173</td><td>-8,702</td><td>-6,091</td><td>-88,841</td><td>-24,275</td><td>4,139</td><td>1,859</td><td>-774</td><td>-5,123</td><td>-2,076</td><td>717</td></tr><tr><td>Norway</td><td>3,312</td><td>1,345</td><td>2,048</td><td>10,337</td><td>-20,096</td><td>-484</td><td>5,983</td><td>-68</td><td>651</td><td>-45</td><td>125</td></tr><tr><td>Poland</td><td>-8</td><td>-364</td><td>-17</td><td>-44</td><td>-284</td><td>84</td><td>21</td><td>24</td><td>119</td><td>43</td><td>36</td></tr><tr><td>Portugal</td><td>-3,421</td><td>-318</td><td>286</td><td>-44</td><td>-7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rumania</td><td>-</td><td>67</td><td>-73</td><td>-9</td><td>-</td><td>84</td><td>21</td><td>24</td><td>119</td><td>43</td><td>36</td></tr><tr><td>Spain</td><td>9,209</td><td>4,706</td><td>207</td><td>62</td><td>-285</td><td>43</td><td>-13</td><td>-3</td><td>30</td><td>177</td><td>23</td></tr><tr><td>Sveden</td><td>961</td><td>-163</td><td>282</td><td>-487</td><td>-1,332</td><td>155</td><td>-17</td><td>-181</td><td>452</td><td>14</td><td>-135</td></tr><tr><td>Switzerland</td><td>14,245</td><td>8,734</td><td>37,304</td><td>33,620</td><td>14,233</td><td>2,668</td><td>1,495</td><td>-269</td><td>2,110</td><td>2,558</td><td>595</td></tr><tr><td>Turkey</td><td>47</td><td>6</td><td>-18</td><td>-197</td><td>-85</td><td>-</td><td>-10</td><td>-</td><td>3</td><td>-</td><td>-2</td></tr><tr><td>U. S. S. R.</td><td>-6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>-2,047</td><td>-4,398</td><td>37,051</td><td>-9,463</td><td>-35,235</td><td>5,496</td><td>77</td><td>-5,721</td><td>-3,957</td><td>-7,545</td><td>-6,782</td></tr><tr><td>Yugoslavia</td><td>-19</td><td>-2</td><td>-1</td><td>-121</td><td>-5</td><td>-5</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>806</td><td>752</td><td>1,131</td><td>2,807</td><td>1,642</td><td>448</td><td>-990</td><td>58</td><td>23</td><td>-93</td><td>-613</td></tr><tr><td>Total Europe</td><td>28,500</td><td>19,939</td><td>96,259</td><td>-9,119</td><td>-45,523</td><td>16,760</td><td>11,922</td><td>-5,473</td><td>-6,579</td><td>-4,543</td><td>-3,805</td></tr><tr><td>Canada</td><td>-258,567</td><td>-141,019</td><td>-137,761</td><td>-133,174</td><td>74,154</td><td>-7,459</td><td>-74,879</td><td>-7,178</td><td>-10,403</td><td>7,729</td><td>-112,337</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>-420</td><td>116</td><td>501</td><td>-292</td><td>-1,558</td><td>51</td><td>-55</td><td>-18</td><td>65</td><td>-52</td><td>37</td></tr><tr><td>Bolivia</td><td>134</td><td>78</td><td>54</td><td>77</td><td>118</td><td>3</td><td>34</td><td>10</td><td>16</td><td>13</td><td>11</td></tr><tr><td>Brazil</td><td>7,054</td><td>6,984</td><td>7,189</td><td>5,540</td><td>5,763</td><td>1,475</td><td>784</td><td>257</td><td>886</td><td>595</td><td>267</td></tr><tr><td>Chile</td><td>5,388</td><td>2,163</td><td>1,562</td><td>51</td><td>3,621</td><td>25</td><td>-</td><td>301</td><td>167</td><td>126</td><td>-120</td></tr><tr><td>Colombia</td><td>5,239</td><td>1,714</td><td>1,245</td><td>-323</td><td>1,058</td><td>65</td><td>122</td><td>54</td><td>117</td><td>141</td><td>179</td></tr><tr><td>Cuba</td><td>1,281</td><td>5,239</td><td>3,089</td><td>5,311</td><td>6,469</td><td>1,976</td><td>413</td><td>921</td><td>182</td><td>358</td><td>-21</td></tr><tr><td>Dominican Republic</td><td>236</td><td>48</td><td>-1,007</td><td>211</td><td>523</td><td>28</td><td>2</td><td>-9</td><td>-49</td><td>-2</td><td>-4</td></tr><tr><td>Guatemala</td><td>66</td><td>168</td><td>127</td><td>-351</td><td>228</td><td>5</td><td>-</td><td>-1</td><td>-</td><td>-11</td><td>3</td></tr><tr><td>Mexico</td><td>3,964</td><td>4,296</td><td>5,354</td><td>6,031</td><td>9,074</td><td>-1,278</td><td>62</td><td>128</td><td>118</td><td>160</td><td>614</td></tr><tr><td>Netherlande W. Indies & Surinam</td><td>734</td><td>1,115</td><td>515</td><td>435</td><td>237</td><td>55</td><td>-24</td><td>621</td><td>123</td><td>224</td><td>-255</td></tr><tr><td>Panama, Republic of</td><td>5,298</td><td>1,804</td><td>5,065</td><td>1,322</td><td>-1,186</td><td>714</td><td>431</td><td>138</td><td>144</td><td>-257</td><td>316</td></tr><tr><td>Peru</td><td>-141</td><td>296</td><td>340</td><td>129</td><td>-394</td><td>31</td><td>-806</td><td>-32</td><td>-1</td><td>59</td><td>31</td></tr><tr><td>El Salvador</td><td>750</td><td>441</td><td>2,137</td><td>2,753</td><td>487</td><td>-</td><td>-197</td><td>76</td><td>128</td><td>100</td><td>129</td></tr><tr><td>Uruguay</td><td>2,210</td><td>-50</td><td>1,633</td><td>-430</td><td>1,798</td><td>1,263</td><td>561</td><td>229</td><td>-346</td><td>-101</td><td>10</td></tr><tr><td>Venezuela</td><td>309</td><td>775</td><td>496</td><td>117</td><td>-1,871</td><td>192</td><td>50</td><td>-163</td><td>-103</td><td>-120</td><td>-168</td></tr><tr><td>Other Latin America</td><td>1,714</td><td>145</td><td>6,299</td><td>12,179</td><td>-861</td><td>-157</td><td>-</td><td>104</td><td>200</td><td>108</td><td>59</td></tr><tr><td>Total Latin America</td><td>33,816</td><td>25,332</td><td>34,599</td><td>32,760</td><td>23,506</td><td>4,448</td><td>1,377</td><td>2,616</td><td>1,647</td><td>1,341</td><td>1,088</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>339</td><td>535</td><td>353</td><td>22</td><td>56</td><td>-</td><td>-</td><td>15</td><td>-26</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>-</td><td>-</td><td>1</td><td>220</td><td>358</td><td>-</td><td>10</td><td>5</td><td>430</td><td>10</td><td>-</td></tr><tr><td>Hong Kong</td><td>8,681</td><td>1,492</td><td>2,358</td><td>2,159</td><td>5,125</td><td>1,198</td><td>588</td><td>514</td><td>296</td><td>-3</td><td>-44</td></tr><tr><td>India</td><td>102</td><td>109</td><td>140</td><td>-184</td><td>436</td><td>-</td><td>-16</td><td>15</td><td>-48</td><td>15</td><td>-68</td></tr><tr><td>Indonesia</td><td>2</td><td>4,869</td><td>136</td><td>139</td><td>184</td><td>13</td><td>23</td><td>23</td><td>9</td><td>20</td><td>6</td></tr><tr><td>Iran</td><td>27</td><td>12</td><td>25</td><td>-14</td><td>129</td><td>-</td><td>-</td><td>-</td><td>-</td><td>27</td><td>-</td></tr><tr><td>Ierel</td><td>-51,316</td><td>-46,757</td><td>-38,172</td><td>-39,992</td><td>-41,736</td><td>-8,111</td><td>-6,334</td><td>-4,506</td><td>-3,116</td><td>-2,521</td><td>-4,378</td></tr><tr><td>Japan</td><td>-351</td><td>9,782</td><td>4,038</td><td>6,232</td><td>601</td><td>51</td><td>87</td><td>243</td><td>218</td><td>37</td><td>96</td></tr><tr><td>Korea, Republic of</td><td>1</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>45</td><td>14,324</td><td>281</td><td>-133</td><td>-1,949</td><td>-117</td><td>34</td><td>-94</td><td>263</td><td>-87</td><td>49</td></tr><tr><td>Thailand</td><td>6,484</td><td>4,320</td><td>434</td><td>-2,387</td><td>-657</td><td>40</td><td>-</td><td>-694</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Other Asia</td><td>104</td><td>1,272</td><td>501</td><td>-211</td><td>-11,272</td><td>-1,496</td><td>604</td><td>2,186</td><td>-947</td><td>-963</td><td>-2,274</td></tr><tr><td>Total Asia</td><td>-36,003</td><td>-10,042</td><td>-29,905</td><td>-34,149</td><td>-48,725</td><td>-8,422</td><td>-5,004</td><td>-2,293</td><td>-2,921</td><td>-3,465</td><td>-6,612</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>3,054</td><td>2,519</td><td>25,959</td><td>11,042</td><td>14,850</td><td>345</td><td>144</td><td>387</td><td>345</td><td>149</td><td>46</td></tr><tr><td>Belgian Congo</td><td>25</td><td>-2</td><td>-11</td><td>3</td><td>6</td><td>4</td><td>2</td><td>1</td><td>-</td><td>-2</td><td>1</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>222</td><td>-403</td><td>16</td><td>60</td><td>-19</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>624</td><td>-5,413</td><td>-5,107</td><td>-5,647</td><td>-21,796</td><td>-23,971</td><td>141</td><td>-28</td><td>208</td><td>68</td><td>1,321</td></tr><tr><td>All other</td><td>4,013</td><td>9,280</td><td>4,956</td><td>1,722</td><td>-343</td><td>261</td><td>-89</td><td>215</td><td>97</td><td>285</td><td>-70</td></tr><tr><td>Total other countries</td><td>7,938</td><td>5,981</td><td>25,813</td><td>7,180</td><td>-7,302</td><td>-23,261</td><td>198</td><td>575</td><td>650</td><td>500</td><td>1,298</td></tr><tr><td>International</td><td>-152,673</td><td>-118,067</td><td>-61,236</td><td>-163,886</td><td>-26,534</td><td>-2,395</td><td>-4,949</td><td>-3,194</td><td>-11,777</td><td>-6,440</td><td>-3,176</td></tr><tr><td>Grand total</td><td>-376,989</td><td>-217,876</td><td>-72,231</td><td>-300,388</td><td>-30,424</td><td>-20,329</td><td>-71,335</td><td>-14,947</td><td>-29,383</td><td>-4,878</td><td>-123,544</td></tr></table>
1/ Not reported separately prior to March 1954.
p Preliminary
67
August 1956
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of June 30, 1956
(Position 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>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></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>247,266</td><td>244,879</td><td>210,962</td><td>-</td><td>33,917</td><td>2,384</td><td>2,382</td><td>-</td><td>2</td><td>3</td></tr><tr><td>Belgium</td><td>104,565</td><td>47,419</td><td>28,390</td><td>3,183</td><td>15,846</td><td>56,473</td><td>44,043</td><td>1,848</td><td>10,582</td><td>673</td></tr><tr><td>Czecho-slovakia</td><td>709</td><td>413</td><td>412</td><td>-</td><td>1</td><td>296</td><td>296</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>69,587</td><td>59,220</td><td>19,901</td><td>39,000</td><td>619</td><td>10,041</td><td>8,369</td><td>364</td><td>1,308</td><td>26</td></tr><tr><td>Finland</td><td>47,170</td><td>44,639</td><td>11,053</td><td>28,200</td><td>5,386</td><td>2,531</td><td>2,531</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>878,458</td><td>818,742</td><td>253,735</td><td>508,559</td><td>56,448</td><td>58,418</td><td>54,273</td><td>1,214</td><td>2,931</td><td>1,298</td></tr><tr><td>Germany, Federal Republic of</td><td>1,635,899</td><td>1,627,186</td><td>253,606</td><td>1,225,300</td><td>148,280</td><td>8,045</td><td>7,739</td><td>150</td><td>156</td><td>668</td></tr><tr><td>Greece</td><td>165,274</td><td>157,131</td><td>20,362</td><td>137,050</td><td>19</td><td>7,843</td><td>7,438</td><td>295</td><td>110</td><td>-</td></tr><tr><td>Italy</td><td>859,830</td><td>829,863</td><td>112,136</td><td>653,967</td><td>63,760</td><td>29,882</td><td>21,143</td><td>8,056</td><td>683</td><td>85</td></tr><tr><td>Netherlands</td><td>205,730</td><td>185,305</td><td>84,738</td><td>82,571</td><td>17,996</td><td>20,328</td><td>16,127</td><td>3,260</td><td>941</td><td>97</td></tr><tr><td>Norway</td><td>51,584</td><td>25,221</td><td>21,365</td><td>440</td><td>3,416</td><td>26,230</td><td>24,384</td><td>621</td><td>1,225</td><td>133</td></tr><tr><td>Poland</td><td>2,628</td><td>2,201</td><td>2,196</td><td>-</td><td>5</td><td>427</td><td>318</td><td>106</td><td>3</td><td>-</td></tr><tr><td>Portugal</td><td>124,468</td><td>97,331</td><td>92,393</td><td>-</td><td>4,938</td><td>27,123</td><td>27,116</td><td>-</td><td>7</td><td>14</td></tr><tr><td>Rumania</td><td>6,879</td><td>6,161</td><td>6,160</td><td>-</td><td>1</td><td>718</td><td>718</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>89,733</td><td>78,178</td><td>77,693</td><td>-</td><td>485</td><td>11,389</td><td>11,326</td><td>45</td><td>18</td><td>166</td></tr><tr><td>Sweden</td><td>169,218</td><td>163,005</td><td>47,154</td><td>98,070</td><td>17,781</td><td>6,170</td><td>5,999</td><td>165</td><td>6</td><td>43</td></tr><tr><td>Switzerland</td><td>736,129</td><td>595,198</td><td>309,077</td><td>160,138</td><td>125,983</td><td>138,067</td><td>105,570</td><td>8,242</td><td>24,255</td><td>2,864</td></tr><tr><td>Turkey</td><td>7,424</td><td>4,333</td><td>3,937</td><td>-</td><td>496</td><td>2,881</td><td>2,881</td><td>-</td><td>-</td><td>110</td></tr><tr><td>U.S.S.R.</td><td>869</td><td>591</td><td>589</td><td>-</td><td>2</td><td>278</td><td>278</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>715,679</td><td>466,794</td><td>218,174</td><td>235,628</td><td>12,992</td><td>253,730</td><td>132,431</td><td>112,659</td><td>8,640</td><td>25,155</td></tr><tr><td>Yugoslavia</td><td>8,814</td><td>8,326</td><td>6,726</td><td>-</td><td>1,600</td><td>368</td><td>368</td><td>-</td><td>-</td><td>120</td></tr><tr><td>Other Europe</td><td>314,088</td><td>305,870</td><td>56,851</td><td>165,489</td><td>83,530</td><td>8,944</td><td>8,461</td><td>479</td><td>4</td><td>14</td></tr><tr><td>Total Europe</td><td>6,472,741</td><td>5,768,705</td><td>1,837,610</td><td>3,337,595</td><td>593,501</td><td>672,566</td><td>484,191</td><td>137,504</td><td>50,871</td><td>31,469</td></tr><tr><td>Canada</td><td>1,285,321</td><td>1,045,571</td><td>536,268</td><td>480,327</td><td>28,976</td><td>227,663</td><td>187,793</td><td>33,386</td><td>6,484</td><td>12,087</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>124,856</td><td>84,883</td><td>83,079</td><td>1,024</td><td>780</td><td>39,945</td><td>39,340</td><td>90</td><td>515</td><td>28</td></tr><tr><td>Bolivia</td><td>25,131</td><td>9,103</td><td>8,990</td><td>-</td><td>113</td><td>16,088</td><td>16,005</td><td>-</td><td>23</td><td>-</td></tr><tr><td>Brazil</td><td>217,039</td><td>142,147</td><td>109,504</td><td>-</td><td>32,943</td><td>74,535</td><td>71,293</td><td>864</td><td>2,378</td><td>57</td></tr><tr><td>Chile</td><td>101,141</td><td>52,819</td><td>51,904</td><td>-</td><td>915</td><td>48,320</td><td>47,518</td><td>600</td><td>202</td><td>2</td></tr><tr><td>Colombia</td><td>138,281</td><td>81,958</td><td>80,997</td><td>-</td><td>961</td><td>56,291</td><td>56,002</td><td>68</td><td>221</td><td>32</td></tr><tr><td>Cuba</td><td>263,164</td><td>185,783</td><td>135,634</td><td>46,160</td><td>3,989</td><td>77,366</td><td>74,391</td><td>1,975</td><td>1,000</td><td>15</td></tr><tr><td>Dominican Republic</td><td>66,554</td><td>36,917</td><td>35,782</td><td>-</td><td>1,135</td><td>29,637</td><td>29,637</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>65,857</td><td>49,391</td><td>20,646</td><td>24,100</td><td>4,645</td><td>16,466</td><td>16,376</td><td>87</td><td>3</td><td>-</td></tr><tr><td>Mexico</td><td>358,455</td><td>249,020</td><td>227,249</td><td>20,000</td><td>1,771</td><td>109,315</td><td>107,466</td><td>1,560</td><td>289</td><td>120</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>68,163</td><td>45,768</td><td>31,626</td><td>10,030</td><td>4,112</td><td>22,395</td><td>15,429</td><td>6,925</td><td>41</td><td>-</td></tr><tr><td>Panama, Republic of</td><td>92,607</td><td>19,550</td><td>19,507</td><td>-</td><td>43</td><td>73,055</td><td>65,148</td><td>2,020</td><td>5,887</td><td>2</td></tr><tr><td>Peru</td><td>73,921</td><td>33,295</td><td>33,266</td><td>-</td><td>29</td><td>40,622</td><td>35,397</td><td>125</td><td>5,100</td><td>4</td></tr><tr><td>El Salvador</td><td>45,497</td><td>27,610</td><td>12,606</td><td>6,700</td><td>8,304</td><td>17,087</td><td>17,840</td><td>-</td><td>47</td><td>-</td></tr><tr><td>Uruguay</td><td>66,506</td><td>22,346</td><td>19,223</td><td>-</td><td>3,123</td><td>44,116</td><td>36,296</td><td>2,598</td><td>5,222</td><td>44</td></tr><tr><td>Venezuela</td><td>330,935</td><td>244,350</td><td>244,219</td><td>-</td><td>131</td><td>85,687</td><td>81,041</td><td>4,630</td><td>16</td><td>898</td></tr><tr><td>Other Latin America</td><td>140,774</td><td>89,189</td><td>70,233</td><td>8,873</td><td>10,083</td><td>50,576</td><td>48,329</td><td>1,967</td><td>280</td><td>1,009</td></tr><tr><td>Total Latin America</td><td>2,178,881</td><td>1,374,429</td><td>1,184,465</td><td>116,887</td><td>73,077</td><td>802,241</td><td>757,508</td><td>23,509</td><td>21,224</td><td>2,211</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>37,040</td><td>30,190</td><td>29,611</td><td>342</td><td>237</td><td>6,850</td><td>6,850</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>41,783</td><td>36,145</td><td>36,135</td><td>10</td><td>-</td><td>5,638</td><td>5,638</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>54,035</td><td>24,980</td><td>23,573</td><td>-</td><td>1,407</td><td>28,977</td><td>27,905</td><td>3</td><td>1,069</td><td>78</td></tr><tr><td>India</td><td>81,819</td><td>76,351</td><td>74,338</td><td>-</td><td>2,013</td><td>4,817</td><td>4,817</td><td>-</td><td>-</td><td>651</td></tr><tr><td>Indonesia</td><td>112,523</td><td>110,502</td><td>19,897</td><td>90,560</td><td>45</td><td>2,021</td><td>2,021</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>31,059</td><td>25,140</td><td>25,071</td><td>-</td><td>69</td><td>5,919</td><td>5,919</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>54,601</td><td>51,738</td><td>51,515</td><td>-</td><td>223</td><td>2,859</td><td>2,858</td><td>-</td><td>1</td><td>4</td></tr><tr><td>Japan</td><td>1,047,273</td><td>1,028,843</td><td>953,402</td><td>51,900</td><td>23,541</td><td>18,429</td><td>18,414</td><td>-</td><td>15</td><td>1</td></tr><tr><td>Korea, Republic of</td><td>95,101</td><td>93,606</td><td>92,606</td><td>1,000</td><td>-</td><td>1,495</td><td>1,495</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>282,213</td><td>261,799</td><td>236,193</td><td>12,040</td><td>13,566</td><td>20,400</td><td>20,225</td><td>175</td><td>-</td><td>14</td></tr><tr><td>Thailand</td><td>135,992</td><td>132,801</td><td>25,246</td><td>107,487</td><td>68</td><td>3,191</td><td>3,182</td><td>-</td><td>9</td><td>-</td></tr><tr><td>Other Asia</td><td>374,293</td><td>351,073</td><td>285,322</td><td>55,761</td><td>9,990</td><td>22,761</td><td>22,686</td><td>-</td><td>75</td><td>459</td></tr><tr><td>Total Asia</td><td>2,347,732</td><td>2,223,168</td><td>1,852,909</td><td>319,100</td><td>51,159</td><td>123,357</td><td>122,010</td><td>178</td><td>1,169</td><td>1,807</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>79,323</td><td>75,439</td><td>44,257</td><td>23,400</td><td>7,780</td><td>3,411</td><td>3,313</td><td>91</td><td>7</td><td>473</td></tr><tr><td>Belgian Congo</td><td>41,098</td><td>40,568</td><td>20,481</td><td>13,070</td><td>7,017</td><td>530</td><td>487</td><td>-</td><td>43</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>62,286</td><td>59,895</td><td>27,818</td><td>32,000</td><td>77</td><td>2,390</td><td>2,389</td><td>-</td><td>1</td><td>1</td></tr><tr><td>Union of South Africa</td><td>29,890</td><td>27,503</td><td>10,248</td><td>17,000</td><td>255</td><td>1,765</td><td>1,763</td><td>-</td><td>2</td><td>622</td></tr><tr><td>All other</td><td>134,589</td><td>103,725</td><td>90,028</td><td>2,000</td><td>11,697</td><td>29,469</td><td>27,733</td><td>200</td><td>1,536</td><td>1,395</td></tr><tr><td>Total other countries</td><td>347,186</td><td>307,130</td><td>192,832</td><td>87,470</td><td>26,828</td><td>37,565</td><td>35,685</td><td>291</td><td>1,589</td><td>2,491</td></tr><tr><td>International</td><td>2,007,031</td><td>2,005,417</td><td>59,550</td><td>1,943,817</td><td>2,050</td><td>1,614</td><td>99</td><td>1,515</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>14,638,892</td><td>12,724,421</td><td>5,663,634</td><td>6,285,196</td><td>775,591</td><td>1,865,006</td><td>1,587,286</td><td>196,383</td><td>81,337</td><td>49,465</td></tr></table>
68
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of May 31, 1956
(Position 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>Other</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposit of reporting banks and domestic customers with foreigners</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>6,076</td><td>6,075</td><td>571</td><td>1</td><td>729</td><td>4,774</td><td>1</td><td>1</td><td>7</td></tr><tr><td>Belgium</td><td>21,621</td><td>21,026</td><td>1,048</td><td>1,971</td><td>7,914</td><td>10,093</td><td>595</td><td>588</td><td>7</td></tr><tr><td>Czechoslovakia</td><td>254</td><td>197</td><td>190</td><td>-</td><td>7</td><td>-</td><td>57</td><td>54</td><td>3</td></tr><tr><td>Denmark</td><td>9,555</td><td>9,402</td><td>299</td><td>3</td><td>2,185</td><td>6,915</td><td>153</td><td>127</td><td>26</td></tr><tr><td>Finland</td><td>4,891</td><td>4,891</td><td>796</td><td>215</td><td>1,115</td><td>2,765</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>16,256</td><td>12,542</td><td>1,795</td><td>3,350</td><td>6,436</td><td>961</td><td>3,714</td><td>983</td><td>2,731</td></tr><tr><td>Germany, Federal Republic of</td><td>117,649</td><td>102,055</td><td>12,203</td><td>519</td><td>15,203</td><td>74,130</td><td>15,594</td><td>15,356</td><td>238</td></tr><tr><td>Greece</td><td>4,472</td><td>4,472</td><td>73</td><td>902</td><td>3,472</td><td>25</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>32,813</td><td>32,072</td><td>9,448</td><td>5,254</td><td>4,927</td><td>12,443</td><td>741</td><td>710</td><td>31</td></tr><tr><td>Netherlands</td><td>15,344</td><td>13,876</td><td>1,603</td><td>2,825</td><td>5,982</td><td>3,466</td><td>1,468</td><td>1,381</td><td>87</td></tr><tr><td>Norway</td><td>11,182</td><td>11,030</td><td>305</td><td>5,062</td><td>1,749</td><td>3,914</td><td>152</td><td>152</td><td>-</td></tr><tr><td>Poland</td><td>57</td><td>57</td><td>25</td><td>-</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>1,110</td><td>1,029</td><td>202</td><td>7</td><td>684</td><td>136</td><td>81</td><td>81</td><td>-</td></tr><tr><td>Romania</td><td>2</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>7,219</td><td>5,909</td><td>3,731</td><td>115</td><td>108</td><td>1,955</td><td>1,310</td><td>1,310</td><td>-</td></tr><tr><td>Sweden</td><td>7,531</td><td>7,156</td><td>840</td><td>247</td><td>3,127</td><td>2,942</td><td>375</td><td>364</td><td>11</td></tr><tr><td>Switzerland</td><td>27,889</td><td>22,641</td><td>4,402</td><td>12,631</td><td>3,299</td><td>2,309</td><td>5,248</td><td>5,232</td><td>16</td></tr><tr><td>Turkey</td><td>71,355</td><td>70,879</td><td>67,469</td><td>11</td><td>3,399</td><td>-</td><td>476</td><td>476</td><td>-</td></tr><tr><td>U. S. S. R.</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>United Kingdom</td><td>82,979</td><td>25,754</td><td>12,265</td><td>3,269</td><td>7,075</td><td>3,145</td><td>57,225</td><td>49,367</td><td>7,858</td></tr><tr><td>Yugoslavia</td><td>5,789</td><td>5,789</td><td>5,428</td><td>-</td><td>361</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>5,321</td><td>4,467</td><td>803</td><td>2,350</td><td>1,253</td><td>61</td><td>854</td><td>813</td><td>41</td></tr><tr><td>Total Europe</td><td>449,367</td><td>361,321</td><td>123,496</td><td>38,732</td><td>69,059</td><td>130,034</td><td>88,046</td><td>76,997</td><td>11,049</td></tr><tr><td>Canada</td><td>117,007</td><td>74,387</td><td>17,609</td><td>35,374</td><td>8,582</td><td>12,822</td><td>42,620</td><td>38,882</td><td>3,738</td></tr><tr><td>Latia America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>19,962</td><td>10,931</td><td>2,920</td><td>2,247</td><td>5,742</td><td>22</td><td>31</td><td>31</td><td>-</td></tr><tr><td>Bolivia</td><td>2,908</td><td>2,894</td><td>1</td><td>117</td><td>2,776</td><td>-</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Brazil</td><td>62,674</td><td>62,592</td><td>17,579</td><td>19,722</td><td>18,079</td><td>7,212</td><td>82</td><td>79</td><td>3</td></tr><tr><td>Chile</td><td>7,092</td><td>7,091</td><td>1,239</td><td>1,692</td><td>2,618</td><td>1,542</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Colombia</td><td>168,187</td><td>167,746</td><td>51,890</td><td>15,958</td><td>59,195</td><td>40,703</td><td>441</td><td>441</td><td>-</td></tr><tr><td>Cuba</td><td>84,780</td><td>84,617</td><td>50,550</td><td>11,057</td><td>12,369</td><td>10,641</td><td>163</td><td>133</td><td>30</td></tr><tr><td>Dominican Republic</td><td>4,476</td><td>4,476</td><td>929</td><td>1,311</td><td>2,348</td><td>68</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>5,973</td><td>5,973</td><td>83</td><td>665</td><td>4,837</td><td>388</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>157,472</td><td>156,147</td><td>51,719</td><td>24,082</td><td>17,875</td><td>62,471</td><td>1,325</td><td>1,015</td><td>310</td></tr><tr><td>Netherlands West Indies & Surinam</td><td>3,403</td><td>3,401</td><td>329</td><td>1,886</td><td>1,237</td><td>9</td><td>2</td><td>-</td><td>2</td></tr><tr><td>Panama, Republic of</td><td>18,535</td><td>18,533</td><td>230</td><td>14,997</td><td>2,786</td><td>520</td><td>2</td><td>-</td><td>2</td></tr><tr><td>Peru</td><td>28,620</td><td>28,601</td><td>6,473</td><td>6,064</td><td>12,890</td><td>3,174</td><td>19</td><td>19</td><td>-</td></tr><tr><td>El Salvador</td><td>6,142</td><td>6,142</td><td>5</td><td>536</td><td>2,886</td><td>2,725</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Druguay</td><td>7,465</td><td>6,810</td><td>2,004</td><td>2,329</td><td>1,296</td><td>1,181</td><td>055</td><td>655</td><td>-</td></tr><tr><td>Venezuela</td><td>132,566</td><td>129,744</td><td>17,482</td><td>62,415</td><td>37,278</td><td>12,569</td><td>2,822</td><td>831</td><td>1,991</td></tr><tr><td>Other Latin America</td><td>34,952</td><td>34,865</td><td>1,593</td><td>5,698</td><td>19,311</td><td>8,263</td><td>87</td><td>58</td><td>29</td></tr><tr><td>Total Latin America</td><td>736,207</td><td>730,563</td><td>205,026</td><td>170,536</td><td>203,523</td><td>151,478</td><td>5,644</td><td>3,277</td><td>2,367</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2,475</td><td>2,475</td><td>2,475</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Formosa</td><td>5,862</td><td>5,862</td><td>5,425</td><td>404</td><td>13</td><td>20</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>5,875</td><td>5,866</td><td>570</td><td>1,251</td><td>4,045</td><td>-</td><td>9</td><td>9</td><td>-</td></tr><tr><td>India</td><td>7,1387</td><td>7,123</td><td>3,030</td><td>8</td><td>3,343</td><td>742</td><td>264</td><td>228</td><td>36</td></tr><tr><td>Indonesia</td><td>528</td><td>528</td><td>163</td><td>3</td><td>362</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>21,528</td><td>21,521</td><td>555</td><td>459</td><td>20,507</td><td>-</td><td>7</td><td>-</td><td>7</td></tr><tr><td>Israel</td><td>10,372</td><td>10,366</td><td>1,801</td><td>1,360</td><td>712</td><td>6,493</td><td>6</td><td>-</td><td>6</td></tr><tr><td>Japan</td><td>113,177</td><td>113,171</td><td>38,165</td><td>12,462</td><td>30,934</td><td>31,610</td><td>6</td><td>6</td><td>-</td></tr><tr><td>Korea, Republic of</td><td>1,502</td><td>1,502</td><td>-</td><td>-</td><td>1,502</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>11,093</td><td>11,068</td><td>8,146</td><td>35</td><td>2,887</td><td>-</td><td>25</td><td>19</td><td>6</td></tr><tr><td>Thailand</td><td>8,375</td><td>8,375</td><td>6,487</td><td>6</td><td>1,880</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>76,031</td><td>75,688</td><td>61,492</td><td>413</td><td>13,745</td><td>38</td><td>343</td><td>343</td><td>-</td></tr><tr><td>Total Asia</td><td>264,205</td><td>263,545</td><td>128,309</td><td>16,401</td><td>79,930</td><td>38,905</td><td>660</td><td>605</td><td>55</td></tr><tr><td>Other countries</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>11,860</td><td>10,271</td><td>1,461</td><td>12</td><td>4,009</td><td>4,789</td><td>1,589</td><td>641</td><td>948</td></tr><tr><td>Belgian Congo</td><td>5,791</td><td>5,788</td><td>11</td><td>-</td><td>5,471</td><td>306</td><td>3</td><td>3</td><td>-</td></tr><tr><td>Egypt & Anglo-Egyptian Sudan</td><td>2,416</td><td>2,406</td><td>391</td><td>-</td><td>1,218</td><td>797</td><td>10</td><td>10</td><td>-</td></tr><tr><td>Union of South Africa</td><td>7,114</td><td>6,584</td><td>1,293</td><td>51</td><td>4,976</td><td>264</td><td>530</td><td>126</td><td>404</td></tr><tr><td>All other</td><td>17,658</td><td>17,129</td><td>9,116</td><td>1,569</td><td>5,722</td><td>722</td><td>509</td><td>116</td><td>413</td></tr><tr><td>Total other countries</td><td>44,839</td><td>42,178</td><td>12,272</td><td>1,632</td><td>21,396</td><td>6,878</td><td>2,661</td><td>896</td><td>1,765</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>1,611,625</td><td>1,471,994</td><td>486,712</td><td>262,675</td><td>382,490</td><td>340,117</td><td>139,631</td><td>120,657</td><td>18,974</td></tr></table>
69
August 1956
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during May 1956
(In thousands of dollars)
<table><tr><th rowspan="2">Country</th><th rowspan="2">Total purchases</th><th colspan="4">Purchases by foreigners</th><th colspan="4">Sales by foreigners</th></tr><tr><th>U.S. Government bonds and notes</th><th colspan="2">Corporate and other</th><th colspan="2">Foreign securities</th><th>U.S. Government bonds and notes</th><th colspan="2">Corporate and other</th><th colspan="2">Foreign securities</th></tr><tr><th></th><th></th><th></th><th>Bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th><th></th><th>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>19</td><td>-</td><td>-</td><td>6</td><td>13</td><td>-</td><td>15</td><td>-</td><td>13</td><td>-</td><td>2</td></tr><tr><td>Belgium</td><td>5,112</td><td>61</td><td>174</td><td>2,202</td><td>1,672</td><td>1,003</td><td>4,656</td><td>21</td><td>14</td><td>1,817</td><td>722</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>65</td><td>95</td><td>204</td><td>18</td><td>164</td><td>-</td><td>16</td><td>148</td><td>-</td></tr><tr><td>Denmark</td><td>382</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>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>France</td><td>14,135</td><td>591</td><td>94</td><td>7,477</td><td>328</td><td>5,645</td><td>10,387</td><td>15</td><td>676</td><td>4,876</td><td>325</td></tr><tr><td>Germany, Federal Republic of</td><td>1,059</td><td>3</td><td>25</td><td>151</td><td>684</td><td>196</td><td>271</td><td>-</td><td>5</td><td>140</td><td>114</td></tr><tr><td>Greece</td><td>140</td><td>-</td><td>-</td><td>115</td><td>25</td><td>-</td><td>61</td><td>2</td><td>-</td><td>59</td><td>-</td></tr><tr><td>Italy</td><td>984</td><td>1</td><td>138</td><td>635</td><td>6</td><td>204</td><td>433</td><td>13</td><td>-</td><td>403</td><td>13</td></tr><tr><td>Netherlands</td><td>20,068</td><td>602</td><td>131</td><td>4,365</td><td>986</td><td>13,984</td><td>19,075</td><td>2</td><td>196</td><td>4,624</td><td>13,287</td></tr><tr><td>Norway</td><td>5,798</td><td>4,580</td><td>265</td><td>713</td><td>140</td><td>100</td><td>622</td><td>21</td><td>49</td><td>437</td><td>51</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>46</td><td>50</td><td>2</td><td>95</td><td>-</td><td>-</td><td>79</td><td>-</td></tr><tr><td>Portugal</td><td>98</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Romania</td><td>-</td><td>-</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>344</td><td>-</td><td>12</td><td>297</td><td>24</td><td>11</td><td>211</td><td>1</td><td>5</td><td>193</td><td>9</td></tr><tr><td>Sveden</td><td>242</td><td>-</td><td>101</td><td>118</td><td>23</td><td>-</td><td>397</td><td>47</td><td>102</td><td>90</td><td>158</td></tr><tr><td>Switzerland</td><td>101,157</td><td>19,438</td><td>15,363</td><td>58,726</td><td>2,711</td><td>4,919</td><td>53,256</td><td>1,357</td><td>1,883</td><td>42,981</td><td>1,716</td></tr><tr><td>Turkey</td><td>3</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>60</td><td>-</td><td>-</td><td>58</td><td>-</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></tr><tr><td>United Kingdom</td><td>53,292</td><td>4,012</td><td>1,511</td><td>29,552</td><td>3,339</td><td>14,878</td><td>45,789</td><td>3,209</td><td>244</td><td>17,337</td><td>1,298</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>1,473</td><td>-</td><td>149</td><td>1,187</td><td>42</td><td>95</td><td>3,296</td><td>358</td><td>66</td><td>2,122</td><td>325</td></tr><tr><td>Total Europe</td><td>204,308</td><td>29,288</td><td>18,028</td><td>105,688</td><td>10,249</td><td>41,055</td><td>138,788</td><td>5,046</td><td>3,256</td><td>75,377</td><td>6,969</td></tr><tr><td>Canada</td><td>124,801</td><td>2,115</td><td>22,038</td><td>21,826</td><td>32,783</td><td>46,039</td><td>238,994</td><td>12,400</td><td>14,142</td><td>21,293</td><td>128,653</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>1,056</td><td>29</td><td>-</td><td>874</td><td>117</td><td>36</td><td>881</td><td>10</td><td>8</td><td>747</td><td>106</td></tr><tr><td>Bolivia</td><td>150</td><td>-</td><td>-</td><td>139</td><td>10</td><td>1</td><td>264</td><td>-</td><td>-</td><td>264</td><td>-</td></tr><tr><td>Brazil</td><td>1,141</td><td>30</td><td>54</td><td>723</td><td>264</td><td>70</td><td>597</td><td>-</td><td>-</td><td>530</td><td>10</td></tr><tr><td>Chile</td><td>1,313</td><td>40</td><td>123</td><td>829</td><td>309</td><td>52</td><td>1,097</td><td>-</td><td>-</td><td>616</td><td>477</td></tr><tr><td>Colombia</td><td>706</td><td>-</td><td>8</td><td>473</td><td>132</td><td>53</td><td>396</td><td>-</td><td>-</td><td>390</td><td>6</td></tr><tr><td>Cuba</td><td>4,806</td><td>100</td><td>342</td><td>3,882</td><td>357</td><td>125</td><td>4,528</td><td>40</td><td>723</td><td>3,262</td><td>195</td></tr><tr><td>Dominican Republic</td><td>35</td><td>-</td><td>-</td><td>31</td><td>-</td><td>4</td><td>39</td><td>-</td><td>-</td><td>31</td><td>8</td></tr><tr><td>Guatemala</td><td>67</td><td>-</td><td>34</td><td>30</td><td>-</td><td>3</td><td>27</td><td>-</td><td>-</td><td>27</td><td>-</td></tr><tr><td>Mexico</td><td>3,149</td><td>-</td><td>129</td><td>2,066</td><td>422</td><td>532</td><td>2,225</td><td>5</td><td>11</td><td>1,869</td><td>330</td></tr><tr><td>Netherlande W. Indies & Surinam</td><td>1,012</td><td>-</td><td>59</td><td>798</td><td>90</td><td>65</td><td>1,220</td><td>-</td><td>660</td><td>150</td><td>377</td></tr><tr><td>Panama, Republic of</td><td>4,681</td><td>24</td><td>-</td><td>3,864</td><td>240</td><td>577</td><td>3,502</td><td>33</td><td>35</td><td>2,933</td><td>138</td></tr><tr><td>Peru</td><td>434</td><td>-</td><td>-</td><td>370</td><td>129</td><td>40</td><td>378</td><td>1</td><td>14</td><td>354</td><td>9</td></tr><tr><td>El Salvador</td><td>140</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>75</td><td>-</td></tr><tr><td>Uruguay</td><td>4,072</td><td>-</td><td>108</td><td>3,560</td><td>289</td><td>115</td><td>4,442</td><td>35</td><td>130</td><td>3,883</td><td>121</td></tr><tr><td>Venezuela</td><td>2,784</td><td>-</td><td>15</td><td>2,596</td><td>31</td><td>142</td><td>2,503</td><td>4</td><td>13</td><td>2,145</td><td>25</td></tr><tr><td>Other Latin America</td><td>992</td><td>-</td><td>10</td><td>657</td><td>244</td><td>81</td><td>802</td><td>-</td><td>34</td><td>502</td><td>186</td></tr><tr><td>Total Latin America</td><td>26,538</td><td>223</td><td>882</td><td>20,903</td><td>2,634</td><td>1,896</td><td>22,976</td><td>128</td><td>1,628</td><td>17,778</td><td>1,300</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>72</td><td>-</td><td>6</td><td>66</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>13</td><td>-</td></tr><tr><td>Formosa</td><td>62</td><td>-</td><td>12</td><td>50</td><td>-</td><td>-</td><td>49</td><td>-</td><td>7</td><td>42</td><td>-</td></tr><tr><td>Hong Kong</td><td>3,147</td><td>-</td><td>216</td><td>2,882</td><td>15</td><td>34</td><td>2,232</td><td>48</td><td>-</td><td>2,091</td><td>18</td></tr><tr><td>India</td><td>35</td><td>4</td><td>-</td><td>31</td><td>-</td><td>-</td><td>140</td><td>-</td><td>-</td><td>72</td><td>75</td></tr><tr><td>Indonesia</td><td>30</td><td>-</td><td>-</td><td>23</td><td>6</td><td>1</td><td>2</td><td>-</td><td>-</td><td>1</td><td>68</td></tr><tr><td>Iran</td><td>15</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Israel</td><td>22</td><td>-</td><td>-</td><td>20</td><td>-</td><td>2</td><td>4,425</td><td>-</td><td>-</td><td>45</td><td>2</td></tr><tr><td>Japan</td><td>197</td><td>-</td><td>-</td><td>100</td><td>76</td><td>21</td><td>34</td><td>-</td><td>-</td><td>33</td><td>1</td></tr><tr><td>Korea, Republic of</td><td>6</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>151</td><td>5</td><td>5</td><td>38</td><td>5</td><td>98</td><td>72</td><td>4</td><td>-</td><td>14</td><td>54</td></tr><tr><td>Thailand</td><td>29</td><td>-</td><td>-</td><td>28</td><td>-</td><td>1</td><td>16</td><td>-</td><td>-</td><td>16</td><td>-</td></tr><tr><td>Other Asia</td><td>683</td><td>103</td><td>9</td><td>525</td><td>14</td><td>32</td><td>2,615</td><td>-</td><td>-</td><td>295</td><td>71</td></tr><tr><td>Total Asia</td><td>4,449</td><td>112</td><td>248</td><td>3,784</td><td>116</td><td>189</td><td>9,601</td><td>52</td><td>7</td><td>2,625</td><td>6,647</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>92</td><td>-</td><td>-</td><td>39</td><td>53</td><td>-</td><td>21</td><td>1</td><td>-</td><td>13</td><td>7</td></tr><tr><td>Belgian Congo</td><td>2</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Egypt and Anglo-Egyptian Sudan</td><td>17</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td><td>1,660</td><td>-</td><td>5</td><td>258</td><td>55</td></tr><tr><td>Union of South Africa</td><td>2,929</td><td>57</td><td>10</td><td>2,111</td><td>2,638</td><td>80</td><td>3,052</td><td>1</td><td>3</td><td>2,582</td><td>463</td></tr><tr><td>All other</td><td>3,586</td><td>57</td><td>-</td><td>3,123</td><td>9</td><td>387</td><td>3,052</td><td>1</td><td>3</td><td>2,582</td><td>463</td></tr><tr><td>Total other countries</td><td>6,626</td><td>57</td><td>10</td><td>3,391</td><td>2,700</td><td>468</td><td>4,736</td><td>2</td><td>8</td><td>2,856</td><td>518</td></tr><tr><td>International</td><td>4,868</td><td>10</td><td>1,238</td><td>122</td><td>3,498</td><td>-</td><td>7,446</td><td>758</td><td>-</td><td>14</td><td>6,674</td></tr><tr><td>Total</td><td>371,590</td><td>31,805</td><td>42,444</td><td>155,714</td><td>51,980</td><td>89,647</td><td>422,541</td><td>18,386</td><td>19,041</td><td>119,943</td><td>151,595</td></tr><tr><td>Total</td><td>371,590</td><td>31,805</td><td>42,444</td><td>155,714</td><td>51,980</td><td>89,647</td><td>422,541</td><td>18,386</td><td>19,041</td><td>119,943</td><td>151,595</td></tr><tr><td>Total</td><td>371,590</td><td>31,805</td><td>42,444</td><td>155,714</td><td>51,980</td><td>89,647</td><td>422,541</td><td>18,386</td><td>19,041</td><td>119,943</td><td>151,595</td></tr><tr><td>Total</td><td>371,590</td><td>31,805</td><td>42,444</td><td>155,714</td><td>51,980</td><td>89,647</td><td>422,541</td><td>18,386</td><td>19,041</td><td>119,943</td><td>151,595</td></tr><tr><td>Total</td><td>371,590</td><td>31,805</td><td>42,444</td><td>155,714</td><td>51,980</td><td>89,647</td><td>422,541</td><td>18,386</td><td>19,041</td><td>119,943</td><td>151,595</td></tr></table>
70
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
The financial statements of business-type activities of the United States Government which appear in the "Treasury Bulletin" beginning with the August 1956 issue are based on reports submitted to the Treasury under Department Circular No. 966, issued January 30, 1956, and reflect its expanded reporting coverage. These statements take the place of those previously published under the caption "Corporations and certain other business-type activities."
Department Circular No. 966 represents another step in the program of comprehensive and integrated Government accounting and financial reporting for which authority was provided in the Budget and Accounting Procedures Act of 1950. The circular was issued pursuant to Section 114 of that act (71 U.S.C. 66b), and superseded Budget-Treasury Regulation No. 3, issued under Executive Order No. 8512 of August 13, 1942, as amended by Executive Order No. 9084 of March 7, 1942.
In coverage, Department Circular No. 966 requires submission of financial statements by all wholly owned and mixed-ownership Government corporations specifically included in the Government Corporation Control Act, as amended (11 U.S.C. §46, 556); and all other activities of the Government operating as revolving funds for which business-type public enterprise or intragovernmental fund budgets are required by the Bureau of the Budget. Other activities and agencies whose operations, services, or functions are largely self-liquidating or primarily of a revenue-producing nature, end activities and agencies whose operations result in the
accumulation of substantial inventories, investments and other recoverable assets, may be brought under the regulation as agency accounting systems are developed to the point where they are capable of furnishing the financial reports required.
Four kinds of financial statements are called for by Department Circular No. 966. They are financial condition, income and expense, source and application of funds, and long-range commitments and contingencies, to be submitted separately by each type of activity. All of these statements will be presented in the Bulletin. The statements of condition will be published quarterly as before, beginning with data for March 31, 1956. Income and expense and source of application of funds will continued to be published semiannually, and long-range commitments and contingencies will be added on a semiannual basis. The statements of condition as of March 31, 1956, which appear in this issue of the Bulletin, are presented in a series of tables as follows:
1. Summary for specified activities;
2. Financial condition of public enterprise funds and intragovernmental funds;
3. Financial condition of certain other activities of the United States Government:
4. Financial condition of certain deposit funds of the United States Government:
5. Financial condition of certain trust revolving funds of the United States Government; and
6. Gross loans outstanding, classified by type of loan.
71
August 1956
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 1.- Summary of Statements of Financial Condition of Specified Business-Type Activities of the United States Government, March 31, 1956
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Public enterprise funds and intra-governmental funds (See Table 2)</th><th>Certain other activities (See Table 3)</th></tr><tr><td><b>ASSETS</b></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>167,919</td><td>167,381</td><td>538</td></tr><tr><td>Fund balances with the U.S. Treasury</td><td>3,422,214</td><td>3,078,581</td><td>343,633</td></tr><tr><td>Investments:</td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value)</td><td>760,257</td><td>759,502</td><td>755</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>15,698</td><td>15,698</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-2,986</td><td>-2,986</td><td>-</td></tr><tr><td>Other securities (net)</td><td>3,631,658</td><td>153,838</td><td>3,477,820</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>8,643</td><td>8,431</td><td>212</td></tr><tr><td>Others</td><td>91,063</td><td>91,063</td><td>-</td></tr><tr><td>Inventories</td><td>16,255,618</td><td>16,219,495</td><td>36,123</td></tr><tr><td>Lease: Allowance for losses</td><td>2,137,010</td><td>2,137,010</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>1,673,194</td><td>1,543,586</td><td>129,608</td></tr><tr><td>Others (net)</td><td>3,840,627</td><td>361,998</td><td>3,478,629</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>2,200</td><td>2,200</td><td>-</td></tr><tr><td>Others</td><td>19,191,848</td><td>10,437,764</td><td>8,754,084</td></tr><tr><td>Lease: Allowances for losses</td><td>253,077</td><td>159,290</td><td>93,787</td></tr><tr><td>Acquired security or collateral (net)</td><td>164,763</td><td>163,808</td><td>955</td></tr><tr><td>Land, structures, and equipment</td><td>8,885,040</td><td>4,086,371</td><td>4,798,669</td></tr><tr><td>Lease: Accumulated depreciation</td><td>829,589</td><td>827,285</td><td>2,304</td></tr><tr><td>Other assets (net)</td><td>551,395</td><td>548,398</td><td>2,997</td></tr><tr><td>Total assets</td><td>55,439,467</td><td>34,511,536</td><td>20,927,931</td></tr><tr><td><b>LIABILITIES</b></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>316,600</td><td>262,858</td><td>53,742</td></tr><tr><td>Others</td><td>876,536</td><td>742,449</td><td>134,087</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>77,513</td><td>27,118</td><td>50,395</td></tr><tr><td>Others</td><td>4,812</td><td>4,812</td><td>-</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>72,398</td><td>70,838</td><td>1,560</td></tr><tr><td>Others</td><td>203,618</td><td>195,077</td><td>8,541</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>14,318</td><td>14,318</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td></tr><tr><td>Guaranteed by the United States</td><td>44,887</td><td>44,887</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>1,295,628</td><td>1,295,628</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>1,702,494</td><td>1,689,296</td><td>13,198</td></tr><tr><td>Total liabilities</td><td>4,608,802</td><td>4,347,278</td><td>261,524</td></tr><tr><td><b>NET INVESTMENT</b></td><td></td><td></td><td></td></tr><tr><td>Private interest:</td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>154,847</td><td>154,847</td><td>-</td></tr><tr><td>Borrowings from the U.S. Treasury</td><td>19,213,080</td><td>15,479,103</td><td>3,733,977</td></tr><tr><td>Other</td><td>430,773</td><td>430,773</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>1,272,560</td><td>1,272,560</td><td>-</td></tr><tr><td>Appropriations</td><td>20,622,675</td><td>7,350,455</td><td>13,272,220</td></tr><tr><td>Capitalization of assets (net)</td><td>10,726,158</td><td>10,297,454</td><td>428,694</td></tr><tr><td>Other</td><td>4,240,950</td><td>-877,204</td><td>5,118,154</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-5,584,743</td><td>-3,940,754</td><td>-1,643,989</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-245,624</td><td>-2,978</td><td>-242,646</td></tr><tr><td>Total United States interest</td><td>50,830,676</td><td>30,164,266</td><td>20,666,410</td></tr><tr><td>Total liabilities and investment</td><td>55,439,467</td><td>34,511,536</td><td>20,927,931</td></tr><tr><td><b>ANALYSIS OF INVESTMENT OF THE UNITED STATES</b></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States</td><td>56,415,421</td><td>34,105,021</td><td>22,310,400</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-5,584,743</td><td>-3,940,754</td><td>-1,643,989</td></tr><tr><td>Total investment of the United States including interagency items</td><td>50,830,676</td><td>30,164,266</td><td>20,666,410</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-1,699,738</td><td>-1,569,918</td><td>-129,820</td></tr><tr><td>Due to Government agencies</td><td>480,825</td><td>375,128</td><td>105,697</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>49,611,764</td><td>28,969,477</td><td>20,642,287</td></tr></table>
72
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Total</th><th colspan="6">Major national security</th></tr><tr><th colspan="2">Defense Dept.</th><th colspan="5">Public enterprise funds</th></tr><tr><th></th><th>Navy Dept. Laundry service, Naval Academy</th><th>Export-Import Bank of Washington</th><th>General Services Administration</th><th>Agriculture Department</th><th>Interior Department</th><th>Treasury Department</th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit.</td><td>167,391</td><td>*</td><td>-</td><td>2,753</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>3,078,581</td><td>129</td><td>-</td><td>31,254</td><td>*</td><td>1,543</td><td>-107</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value)</td><td>759,150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>15,698</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-2,980</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>153,838</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>8,31</td><td>-</td><td>-</td><td>494</td><td>-</td><td>-</td><td>144</td></tr><tr><td>Others</td><td>91,363</td><td>-</td><td>-</td><td>78,515</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>16,219,495</td><td>9</td><td>-</td><td>527,786</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>2,137,010</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>1,543,586</td><td>7</td><td>-</td><td>155</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Others (net)</td><td>361,998</td><td>6</td><td>.09</td><td>5,403</td><td>-</td><td>-</td><td>6,202</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>2,2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>1,437,764</td><td>-</td><td>28,449</td><td>-</td><td>-</td><td>13,762</td><td>187,621</td></tr><tr><td>Less: Allowance for losses</td><td>159,30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,513</td><td>29,733</td></tr><tr><td>Acquired security or collateral (net)</td><td>163,80</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>85</td></tr><tr><td>Land, structures, and equipment</td><td>4,086,371</td><td>204</td><td>-</td><td>109,952</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Accumulated depreciation</td><td>827,85</td><td>133</td><td>-</td><td>17,527</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>548,398</td><td>5</td><td>-</td><td>12,264</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>34,511,536</td><td>226</td><td>28,658</td><td>750,148</td><td>*</td><td>1,793</td><td>164,216</td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>262,858</td><td>3</td><td>1.0</td><td>4,149</td><td>5,089</td><td>100</td><td>1,157</td></tr><tr><td>Others</td><td>74,449</td><td>10</td><td>-</td><td>8,442</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>27,118</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>4,812</td><td>-</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></tr><tr><td>Government agencies</td><td>7,818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>195,277</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>71</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>14,318</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></tr><tr><td>Guaranteed by the United States</td><td>44,337</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>1,95,628</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>1,689,296</td><td>21</td><td>-</td><td>897</td><td>-</td><td>-</td><td>247</td></tr><tr><td>Total liabilities</td><td>4,347,778</td><td>34</td><td>16.</td><td>13,438</td><td>5,089</td><td>100</td><td>1,440</td></tr><tr><td>NET INVESTMENT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>154,847</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>15,474,103</td><td>-</td><td>27,582</td><td>843,700</td><td>47,336</td><td>21,000</td><td>179,470</td></tr><tr><td>Other</td><td>4,1,773</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>1,72,460</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>7,35,955</td><td>-</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>1,237,404</td><td>-</td><td>-</td><td>1,524</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-877,34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-3,41,754</td><td>192</td><td>111</td><td>-109,079</td><td>-52,425</td><td>-19,307</td><td>-16,734</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-1,378</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>3,264,476</td><td>192</td><td>28,437</td><td>736,660</td><td>-5,089</td><td>1,693</td><td>162,736</td></tr><tr><td>Total liabilities and investment</td><td>34,511,536</td><td>226</td><td>28,658</td><td>750,148</td><td>*</td><td>1,793</td><td>164,216</td></tr><tr><td>ANALYSIS OF INVESTMENT OF THE UNITED STATES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States</td><td>3,41,541</td><td>-</td><td>27,580</td><td>845,739</td><td>47,336</td><td>21,000</td><td>179,470</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-3,41,754</td><td>192</td><td>911</td><td>-109,079</td><td>-52,425</td><td>-19,307</td><td>-16,734</td></tr><tr><td>Total investment of the United States including interagency items</td><td>30,164,247</td><td>192</td><td>28,497</td><td>736,660</td><td>-5,089</td><td>1,693</td><td>162,736</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-1,569,418</td><td>-7</td><td>-</td><td>-649</td><td>-</td><td>-</td><td>-146</td></tr><tr><td>Due to Government agencies</td><td>175,128</td><td>3</td><td>160</td><td>4,143</td><td>-1,289</td><td>100</td><td>1,160</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>3,364,477</td><td>188</td><td>28,657</td><td>74,110</td><td>*</td><td>1,793</td><td>163,750</td></tr></table>
Footnote at end of Table 6.
(Continued on following page)
August 1956
73
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th colspan="2">Account</th><th colspan="3">Army Department</th><th colspan="3">Navy Department</th><th colspan="2">Air Force Department</th></tr><tr><th></th><th></th><th>Stock fund</th><th>Industrial fund</th><th>Stock fund</th><th>Industrial fund</th><th>Marine Corps stock fund</th><th>Stock fund</th><th>Industrial fund</th></tr><tr><th colspan="2">ASSETS</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Cash in banks, on hand, and in transit</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Fund balances with the U. S. Treasury</td><td>354,530</td><td>309,720</td><td>407,134</td><td>114,117</td><td>78,262</td><td>346,340</td><td>6,695</td></tr><tr><th colspan="2">Investments:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th colspan="2">Advances to contractors and agents:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>-</td><td>659</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Others</td><td>5,631</td><td>-</td><td>-</td><td>-</td><td>-</td><td>393</td><td>-</td></tr><tr><th colspan="2">Inventories</th><td>6,843,003</td><td>101,639</td><td>1,519,865</td><td>214,705</td><td>403,026</td><td>734,317</td><td>937</td></tr><tr><td colspan="2">Loss: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th colspan="2">Accounts and other receivables:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>254,982</td><td>64,065</td><td>54,650</td><td>83,244</td><td>-</td><td>111,116</td><td>563</td></tr><tr><td colspan="2">Others (net)</td><td>20,468</td><td>431</td><td>-</td><td>547</td><td>281</td><td>9,518</td><td>241</td></tr><tr><th colspan="2">Loans receivable:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Loss: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Acquired security or collateral (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Land, structures, and equipment</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Loss: Accumulated depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Other assets (net)</td><td>119,346</td><td>3,797</td><td>-</td><td>4,322</td><td>29,593</td><td>36,256</td><td>213</td></tr><tr><td colspan="2">Total assets</td><td>7,597,961</td><td>480,311</td><td>1,981,700</td><td>417,435</td><td>511,161</td><td>1,238,940</td><td>8,603</td></tr><tr><th colspan="2">LIABILITIES</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><th colspan="2">Accounts and other payables:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>94,323</td><td>6,423</td><td>3,171</td><td>7,730</td><td>-</td><td>52,647</td><td>-</td></tr><tr><td colspan="2">Others</td><td>38,915</td><td>20,758</td><td>30,415</td><td>66,725</td><td>7,547</td><td>63,268</td><td>482</td></tr><tr><th colspan="2">Advances from:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>-</td><td>5,219</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Others</td><td>-</td><td>-</td><td>-</td><td>857</td><td>-</td><td>-</td><td>5</td></tr><tr><th colspan="2">Trust and deposit liabilities:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>11</td></tr><tr><td colspan="2">Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>475</td></tr><tr><th colspan="2">Bonds, debentures, and notes payable:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th colspan="2">Others:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">All other liabilities (including reserves)</td><td>42,949</td><td>66,312</td><td>3,636</td><td>94,339</td><td>311</td><td>41,766</td><td>989</td></tr><tr><td colspan="2">Total liabilities</td><td>176,187</td><td>99,213</td><td>37,271</td><td>169,767</td><td>7,858</td><td>157,680</td><td>1,970</td></tr><tr><th colspan="2">NET INVESTMENT</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><th colspan="2">Private interest:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th colspan="2">United States interest:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><th colspan="2">Interest-bearing investment:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><th colspan="2">Noninterest-bearing investment:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Capital stock</td><td>-</td><td>366,930</td><td>1,006,587</td><td>240,721</td><td>-10,000</td><td>271,300</td><td>6,770</td></tr><tr><td colspan="2">Appropriations</td><td>-</td><td>19,142</td><td>689,020</td><td>-27,671</td><td>520,355</td><td>907,799</td><td>211</td></tr><tr><td colspan="2">Capitalization of assets (net)</td><td>7,338,613</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Accumulated net income, or deficit (-)</td><td>83,161</td><td>-4,974</td><td>248,821</td><td>34,618</td><td>-7,051</td><td>-97,839</td><td>422</td></tr><tr><td colspan="2">Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="2">Total United States interest</td><td>7,421,774</td><td>381,098</td><td>1,944,428</td><td>247,668</td><td>503,304</td><td>1,181,259</td><td>6,983</td></tr><tr><td colspan="2">Total liabilities and investment</td><td>7,597,961</td><td>480,311</td><td>1,981,700</td><td>417,435</td><td>511,161</td><td>1,238,940</td><td>8,603</td></tr><tr><th colspan="2">ANALYSIS OF INVESTMENT OF THE UNITED STATES</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Investment of the United States</td><td>7,338,613</td><td>386,072</td><td>1,695,607</td><td>213,050</td><td>510,355</td><td>1,179,099</td><td>6,211</td></tr><tr><td colspan="2">Accumulated net income, or deficit (-)</td><td>83,161</td><td>-4,974</td><td>248,821</td><td>34,618</td><td>-7,051</td><td>-97,839</td><td>422</td></tr><tr><td colspan="2">Total investment of the United States including interagency items</td><td>7,421,774</td><td>381,098</td><td>1,944,428</td><td>247,668</td><td>503,304</td><td>1,181,259</td><td>6,63</td></tr><tr><th colspan="2">Interagency items:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Due from Government agencies (-)</td><td>-254,982</td><td>-64,065</td><td>-54,650</td><td>-83,244</td><td>-</td><td>-111,116</td><td>-503</td></tr><tr><td colspan="2">Due to Government agencies</td><td>94,324</td><td>11,642</td><td>3,171</td><td>7,796</td><td>-</td><td>52,647</td><td>19</td></tr><tr><td colspan="2">Total investment of the United States after exclusion of interagency items</td><td>7,261,116</td><td>328,016</td><td>1,892,950</td><td>172,220</td><td>503,304</td><td>1,122,791</td><td>6,089</td></tr></table>
(Continued on following page)
74
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">International affairs and finance</th><th colspan="5">Veterans' services and benefits</th></tr><tr><th>Mutual security 1/</th><th>Export-Import Bank</th><th>Public enterprise funds</th><th>Intra gov't. funds</th><th>General Services Administration 2/</th><th>Canteen service revolving fund</th><th>Public enterprise funds</th><th>Veterans' administration</th></tr><tr><th></th><th>Regular lending activities</th><th>Liquidaion of RFC assets</th><th></th><th></th><th>Rental, etc., 1/ quarters 1/</th><th>Civil relief 4/</th><th>Veterans' insurance 5/</th><th></th></tr><tr><td colspan="9">ASSETS</td></tr><tr><td>Cash in banks, on hand, and in transit......</td><td>-</td><td>14</td><td>-</td><td>-</td><td>-</td><td>2,204</td><td>-</td><td>2</td></tr><tr><td>Fund balances with the U. S. Treasury......</td><td>-</td><td>15</td><td>-</td><td>1,141</td><td>-</td><td>2,477</td><td>2</td><td>445</td></tr><tr><td colspan="9">Investments:</td></tr><tr><td>Public debt securities (par value)......</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)......</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="9">Advances to contractors and agents:</td></tr><tr><td>Government agencies....................</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>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Inventories............................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,702</td><td>-</td><td>-</td></tr><tr><td>Loss: Allowance for losses.............</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td>11</td><td>-</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Government agencies....................</td><td>-</td><td>17,51</td><td>1.1</td><td>-</td><td>-</td><td>245</td><td>-</td><td>-</td></tr><tr><td>Others (net)............................</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></tr><tr><td>Government agencies....................</td><td>-</td><td>2,604,47</td><td>6/</td><td>1,146</td><td>-</td><td>-</td><td>-</td><td>41</td></tr><tr><td>Others............................</td><td>-</td><td>185</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loss: Allowance for losses.............</td><td>-</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>135</td><td>-</td><td>-</td><td>-</td><td>449</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment.........</td><td>-</td><td>71</td><td>-</td><td>-</td><td>-</td><td>2474</td><td>-</td><td>-</td></tr><tr><td>Loss: Accumulated depreciation.........</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>79</td><td>-</td><td>20</td></tr><tr><td>Other assets (net)....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Total assets.........................</td><td>8</td><td>2,652,906</td><td>34,153</td><td>1,143</td><td>11,536</td><td>4</td><td>446</td><td>75</td></tr><tr><td colspan="9">LIABILITIES</td></tr><tr><td colspan="9">Accounts and other payables:</td></tr><tr><td>Government agencies....................</td><td>43</td><td>5,828</td><td>103</td><td>-</td><td>-</td><td>23</td><td>-</td><td>-</td></tr><tr><td>Others............................</td><td>-</td><td>48</td><td>-</td><td>56</td><td>-</td><td>1,493</td><td>1</td><td>-</td></tr><tr><td colspan="9">Advances from:</td></tr><tr><td>Government agencies....................</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></tr><tr><td colspan="9">Trust and deposit liabilities:</td></tr><tr><td>Government agencies....................</td><td>-</td><td>13</td><td>-</td><td>-</td><td>-</td><td>131</td><td>-</td><td>-</td></tr><tr><td>Others............................</td><td>-</td><td>34</td><td>-</td><td>-</td><td>-</td><td>261</td><td>-</td><td>-</td></tr><tr><td colspan="9">Bonds, debentures, and notes payable:</td></tr><tr><td>Government agencies....................</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></tr><tr><td>Guaranteed by the United States.........</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States......</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)....</td><td>44</td><td>44,614</td><td>6/</td><td>100</td><td>-</td><td>56</td><td>-</td><td>1</td></tr><tr><td>Total liabilities....................</td><td>47</td><td>45,714</td><td>208</td><td>56</td><td>1,776</td><td>4</td><td>1</td><td>1</td></tr><tr><td colspan="9">NET INVESTMENT</td></tr><tr><td colspan="9">Private interest:</td></tr><tr><td>Capital stock.........................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)......</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest..................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="9">United States interest:</td></tr><tr><td>Interest-bearing investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock.........................</td><td>501</td><td>1,141</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury......</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other............................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investments:</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>1,141</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations.........................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>42</td><td>-</td><td>73</td></tr><tr><td>Capitalisation of assets (net)........</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>59</td><td>-</td><td>1</td></tr><tr><td>Other............................</td><td>-</td><td>-</td><td>1009</td><td>2/</td><td>1,23</td><td>1,545</td><td>4</td><td>-32</td></tr><tr><td>Accumulated net income, or deficit (-)......</td><td>-3,57</td><td>11</td><td>-</td><td>1,23</td><td>-</td><td>-</td><td>4</td><td>-1,247</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-4,57</td><td>10,54</td><td>54,1</td><td>1,133</td><td>1,111</td><td>4</td><td>465</td><td>753</td></tr><tr><td>Total United States interest............</td><td>1</td><td>1,476</td><td>1,142</td><td>1,143</td><td>1,636</td><td>4</td><td>466</td><td>754</td></tr><tr><td colspan="9">Total liabilities and investment.........</td></tr><tr><td colspan="9">ANALYSIS OF INVESTMENT OF THE UNITED STATES</td></tr><tr><td>Investment of the United States.........</td><td>2</td><td>17</td><td>4,11</td><td>-</td><td>1,46</td><td>4</td><td>533</td><td>1,20</td></tr><tr><td>Accumulated net income, or deficit (-)......</td><td>-3,57</td><td>11</td><td>-</td><td>1,188</td><td>7,355</td><td>4</td><td>-33</td><td>-1,247</td></tr><tr><td>Total investment of the United States including interagency items....................</td><td>-4,57</td><td>10,54</td><td>4,111</td><td>1,372</td><td>8,811</td><td>4</td><td>465</td><td>753</td></tr><tr><td colspan="9">Interagency items:</td></tr><tr><td>Due from Government agencies (-)........</td><td>-</td><td>-11</td><td>-</td><td>-</td><td>-14</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Due to Government agencies.............</td><td>-</td><td>2,9</td><td>12</td><td>-</td><td>131</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items............</td><td>2</td><td>10,63</td><td>4,258</td><td>1,372</td><td>8,677</td><td>4</td><td>465</td><td>753</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
August 1956
75
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Veterans' services, etc. - (Cont.)</th><th colspan="5">Labor and welfare</th></tr><tr><th>Pub. ent. funds - (Cont.)</th><th>Intergovt.</th><th>Public enterprise funds</th><th colspan="4">Intragovernmental funds</th></tr><tr><th></th><th>Veterans' Administration - (Cont.)</th><th></th><th>HEW Dept.</th><th>Labor Dept.</th><th>Commerce Dept.</th><th>HEW Dept.</th><th>HEW Dept.</th></tr><tr><th></th><th>Veterans' special term insurance</th><th>Vocational rehabilitation</th><th>Supply fund</th><th>Public Health Service 8/</th><th>Euro of Employment Security 9/</th><th>National Bur. of Standards 10/</th><th>Public Health Service Service and supply fund</th><th>Narcotics hospitals 10/</th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit.</td><td>80</td><td>-</td><td>2,410</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury.</td><td>638</td><td>576</td><td>1,768</td><td>30</td><td>1,083</td><td>6,160</td><td>655</td><td>55</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value).</td><td>16,839</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Advance to contractors and agents:</td><td></td><td></td><td>540</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Government agencies.</td><td>-</td><td>-</td><td>1</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>1,320</td><td>1,055</td><td>226</td></tr><tr><td>Inventories.</td><td>-</td><td>-</td><td>30,282</td><td>19</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,763</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies.</td><td>219</td><td>-</td><td>5,717</td><td>9</td><td>4</td><td>240</td><td>544</td><td>46</td></tr><tr><td>Others (net).</td><td>-</td><td>131</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></tr><tr><td>Government agencies.</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></tr><tr><td>Less: Allowance for losses.</td><td>-</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>-</td><td>58</td><td>22</td><td>-</td><td>42,791</td><td>202</td><td>333</td></tr><tr><td>Land, structures, and equipment.</td><td>-</td><td>-</td><td>5</td><td>11</td><td>-</td><td>11,727</td><td>65</td><td>166</td></tr><tr><td>Less: Accumulated depreciation.</td><td>*</td><td>-</td><td>*</td><td>1</td><td>-</td><td>15</td><td>1</td><td>16</td></tr><tr><td>Other assets (net).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>17,777</td><td>707</td><td>51,772</td><td>69</td><td>1,087</td><td>41,565</td><td>2,392</td><td>510</td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>124</td><td>-</td><td>-</td></tr><tr><td>Others.</td><td>-</td><td>1</td><td>7,019</td><td>14</td><td>308</td><td>1,117</td><td>229</td><td>48</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies.</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></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies.</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></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></tr><tr><td>Government agencies.</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></tr><tr><td>Guaranteed by the United States.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,408</td><td>91</td><td>-</td></tr><tr><td>All other liabilities (including reserves).</td><td>-</td><td>1</td><td>7,019</td><td>14</td><td>308</td><td>3,648</td><td>320</td><td>48</td></tr><tr><td>Total liabilities</td><td>-</td><td>1</td><td>7,019</td><td>14</td><td>308</td><td>7,397</td><td>440</td><td>96</td></tr><tr><td>NET INVESTMENT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</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>700</td><td>-</td><td>10</td><td>-</td><td>5,000</td><td>1,450</td><td>134</td></tr><tr><td>Appropriations.</td><td>-</td><td>-</td><td>45,570</td><td>-</td><td>-</td><td>32,849</td><td>1,519</td><td>52</td></tr><tr><td>Capitalization of assets (net).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-).</td><td>17,777</td><td>6</td><td>-817</td><td>46</td><td>779</td><td>68</td><td>103</td><td>276</td></tr><tr><td>Deposite of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest.</td><td>17,777</td><td>706</td><td>44,753</td><td>56</td><td>779</td><td>37,916</td><td>2,072</td><td>462</td></tr><tr><td>Total liabilities and investment.</td><td>17,777</td><td>707</td><td>51,772</td><td>69</td><td>1,087</td><td>41,565</td><td>2,392</td><td>510</td></tr><tr><td>ANALYSIS OF INVESTMENT OF THE UNITED STATES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States.</td><td>-</td><td>700</td><td>45,570</td><td>10</td><td>-</td><td>37,849</td><td>1,969</td><td>187</td></tr><tr><td>Accumulated net income, or deficit (-).</td><td>17,777</td><td>6</td><td>-817</td><td>46</td><td>779</td><td>68</td><td>103</td><td>276</td></tr><tr><td>Total investment of the United States including interagency items.</td><td>17,777</td><td>706</td><td>44,753</td><td>56</td><td>779</td><td>37,916</td><td>2,072</td><td>462</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-).</td><td>-</td><td>-</td><td>540</td><td>-</td><td>-</td><td>2,763</td><td>-</td><td>-</td></tr><tr><td>Due to Government agencies.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>124</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items.</td><td>17,777</td><td>706</td><td>44,213</td><td>56</td><td>779</td><td>35,277</td><td>2,072</td><td>462</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
76
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">Labor and welfare-(Cont.) Intragovt. funds-(Cont.)</th><th colspan="5">Agriculture and agricultural resources Public enterprise funds</th></tr><tr><th>HEw Dept.- (Cont.) Other 11/</th><th>Justice Dept. Fed. Prison industries, Inc.</th><th>Fed. Farm Mortgage Corp.</th><th>Farm Credit Administration Fed. inter- mediate credit banks</th><th>Production credit corporations</th><th>Agric. mar- keting rev. fund</th><th>Agriculture Dept. Commodity Credit Corp.</th></tr><tr><td colspan="8"><b>ASSETS</b></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>-</td><td>88</td><td>1</td><td>11,857</td><td>418</td><td>-</td><td>11,999</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>229</td><td>4,492</td><td>542</td><td>61</td><td>5</td><td>35,839</td><td>7,452</td></tr><tr><td colspan="8"><i>Investments:</i></td></tr><tr><td>Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>59,524</td><td>42,041</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>237</td><td>37</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,115</td><td>150,000</td><td>-</td></tr><tr><td colspan="8"><i>Advances to contractees and agents:</i></td></tr><tr><td>Government agencies</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></tr><tr><td>Inventories</td><td>99</td><td>6,777</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,672,435</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,136,439</td></tr><tr><td colspan="8"><i>Accounts and other receivables:</i></td></tr><tr><td>Government agencies</td><td>52</td><td>2,387</td><td>-</td><td>-</td><td>-</td><td>-</td><td>870,713</td></tr><tr><td>Others (net)</td><td>-</td><td>34</td><td>-</td><td>8,578</td><td>236</td><td>-</td><td>164,248</td></tr><tr><td colspan="8"><i>Loans receivable:</i></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>2,200</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>764,724</td><td>-</td><td>-</td><td>3,113,914 12/</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>66,466</td></tr><tr><td>Acquired security or collateral (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>179</td><td>11,980</td><td>-</td><td>501</td><td>206</td><td>-</td><td>210,427</td></tr><tr><td>Less: Accumulated depreciation</td><td>65</td><td>5,470</td><td>-</td><td>501</td><td>206</td><td>-</td><td>62,943</td></tr><tr><td>Other assets (net)</td><td>1</td><td>43</td><td>11,600</td><td>398</td><td>116</td><td>71</td><td>66,176</td></tr><tr><td>Total assets</td><td>494</td><td>20,331</td><td>12,143</td><td>847,578</td><td>44,969</td><td>185,910</td><td>7,851,516</td></tr><tr><td colspan="8"><b>LIABILITIES</b></td></tr><tr><td colspan="8"><i>Accounts and other payables:</i></td></tr><tr><td>Government agencies</td><td>40</td><td>93</td><td>3</td><td>5</td><td>4</td><td>-</td><td>49,066</td></tr><tr><td>Others</td><td>16</td><td>923</td><td>53</td><td>7,302</td><td>22</td><td>-</td><td>191,662</td></tr><tr><td colspan="8"><i>Advances from:</i></td></tr><tr><td>Government agencies</td><td>44</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>79</td><td>-</td><td>-</td></tr><tr><td colspan="8"><i>Trust and deposit liabilities:</i></td></tr><tr><td>Government agencies</td><td>-</td><td>71</td><td>-</td><td>5</td><td>-</td><td>-</td><td>2,436</td></tr><tr><td>Others</td><td>-</td><td>14</td><td>-</td><td>550</td><td>-</td><td>-</td><td>27,931</td></tr><tr><td colspan="8"><i>Bonds, debentures, and notes payable:</i></td></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>307</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>725,210</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>94</td><td>371</td><td>-</td><td>1,718</td><td>227</td><td>-</td><td>1,108,561 12/</td></tr><tr><td>Total liabilities</td><td>194</td><td>1,472</td><td>363</td><td>734,790</td><td>337</td><td>-</td><td>1,379,706</td></tr><tr><td colspan="8"><b>NET INVESTMENT</b></td></tr><tr><td colspan="8"><i>Private interest:</i></td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="8"><i>United States interest:</i></td></tr><tr><td>Interest-bearing investment:</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>100,000</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,383,000</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</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>10</td><td>60,000</td><td>31,350</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500,000</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>12</td><td>4,359</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>2,400</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>64</td><td>14,030</td><td>11,770</td><td>50,389</td><td>13,282</td><td>-314,090</td><td>-4,011,190</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>31</td><td>18,859</td><td>11,780</td><td>112,789</td><td>44,632</td><td>185,910</td><td>6,471,810</td></tr><tr><td>Total liabilities and investment</td><td>494</td><td>21,331</td><td>12,143</td><td>847,578</td><td>44,969</td><td>185,910</td><td>7,851,516</td></tr><tr><td colspan="8"><b>ANALYSIS OF INVESTMENT OF THE UNITED STATES</b></td></tr><tr><td>Investment of the United States</td><td>434</td><td>4,249</td><td>10</td><td>62,420</td><td>31,350</td><td>500,000</td><td>10,483,000</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>63</td><td>14,000</td><td>11,777</td><td>5,334</td><td>13,282</td><td>-314,090</td><td>-4,011,190</td></tr><tr><td>Total investment of the United States including interagency items</td><td>300</td><td>18,859</td><td>11,783</td><td>112,754</td><td>44,632</td><td>185,910</td><td>6,471,810</td></tr><tr><td colspan="8"><i>Interagency items:</i></td></tr><tr><td>Due from Government agencies (-)</td><td>-5</td><td>-2,387</td><td>-</td><td>-2,200</td><td>-</td><td>-</td><td>-870,713</td></tr><tr><td>Due to Government agencies</td><td>31</td><td>144</td><td>3</td><td>10</td><td>9</td><td>-</td><td>51,501</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>332</td><td>14,616</td><td>11,783</td><td>110,598</td><td>44,641</td><td>185,910</td><td>5,652,598</td></tr></table>
77
August 1956
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="3">Agriculture and agric. resources - (Cont.)</th><th colspan="4">Natural resources</th></tr><tr><th></th><th>Pub. ent. funds (Cont.)</th><th colspan="2">Intragovernmental funds</th><th colspan="3">Public enterprise funds</th><th></th></tr><tr><th></th><th>Fed. Crop Insurance Corp.</th><th colspan="2">Agriculture Department - (Cont.)</th><th colspan="3">Interior Department</th><th>Tennessee Valley Authority</th></tr><tr><th></th><th></th><th>Disaster loans, etc., revolving fund</th><th>Agricultural Research Ser. 10/</th><th>Office of the Sec- retary 10/</th><th>Bur. of Ind- ian Affairs Loans</th><th>Bureau of Rec- lamation 13/ 14/</th><th>Bureau of Mines</th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit.</td><td>22</td><td>680</td><td>-</td><td>-</td><td>-</td><td>-</td><td>110</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>20,053</td><td>54,051</td><td>326</td><td>446</td><td>7,442</td><td>1,588</td><td>4,669</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>157,711</td></tr><tr><td>Public debt securities (par value).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>700</td><td>16</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>77</td><td>228</td><td>-</td><td>187</td><td>436</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,902</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>545</td></tr><tr><td>Government agencies</td><td>25</td><td>157</td><td>407</td><td>325</td><td>-</td><td>3</td><td>373</td></tr><tr><td>Others (net)</td><td>966</td><td>2,283</td><td>-</td><td>12</td><td>-</td><td>158</td><td>3</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>11,425</td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>111,181</td><td>-</td><td>-</td><td>8,311</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>13,201</td><td>-</td><td>-</td><td>1,521</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>393</td><td>-</td><td>398</td><td>628</td><td>-</td><td>11,715</td><td>19,510</td></tr><tr><td>Less: Accumulated depreciation</td><td>393</td><td>-</td><td>238</td><td>377</td><td>-</td><td>429</td><td>7,093</td></tr><tr><td>Other assets (net)</td><td>-</td><td>91</td><td>-</td><td>4</td><td>-</td><td>124</td><td>227</td></tr><tr><td>Total assets</td><td>21,066</td><td>155,250</td><td>970</td><td>1,265</td><td>14,932</td><td>13,361</td><td>18,125</td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td><td>2,049,499</td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>25</td><td>-</td><td>39</td><td>162</td><td>-</td><td>65</td><td>410</td></tr><tr><td>Others</td><td>3,077</td><td>698</td><td>172</td><td>18</td><td>-</td><td>37</td><td>-</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>25,515</td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>161</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>177</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>93</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>52</td></tr><tr><td>Others</td><td>9</td><td>-</td><td>7</td><td>-</td><td>-</td><td>37</td><td>2</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>758</td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>565</td></tr><tr><td>Others:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>489</td><td>*</td><td>205</td><td>150</td><td>-</td><td>38</td><td>217</td></tr><tr><td>Total liabilities</td><td>3,693</td><td>698</td><td>459</td><td>330</td><td>-</td><td>177</td><td>1,019</td></tr><tr><td>NET INVESTMENT</td><td></td><td></td><td></td><td></td><td></td><td></td><td>37,979</td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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></tr><tr><td>Borrowings from the U. S. Treasury</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></tr><tr><td>Noninterest-bearing investment:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>27,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>96,568</td><td>205,194</td><td>300</td><td>400</td><td>17,498</td><td>3,955</td><td>11,923</td></tr><tr><td>Capitalization of assets (net)</td><td>-</td><td>364</td><td>203</td><td>525</td><td>-</td><td>1,707</td><td>2,885</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,003</td><td>15/</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-106,195</td><td>-51,306</td><td>7</td><td>10</td><td>-2,566</td><td>6,520</td><td>2,298</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>181,541</td></tr><tr><td>Total United States interest</td><td>17,372</td><td>154,552</td><td>511</td><td>936</td><td>14,932</td><td>13,185</td><td>17,106</td></tr><tr><td>Total liabilities and investment</td><td>21,066</td><td>155,250</td><td>970</td><td>1,265</td><td>14,932</td><td>13,361</td><td>18,125</td></tr><tr><td>ANALYSIS OF INVESTMENT OF THE UNITED STATES</td><td></td><td></td><td></td><td></td><td></td><td></td><td>2,049,499</td></tr><tr><td>Investment of the United States</td><td>123,568</td><td>205,858</td><td>503</td><td>925</td><td>17,498</td><td>6,665</td><td>14,308</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-106,195</td><td>-51,306</td><td>7</td><td>10</td><td>-2,566</td><td>6,520</td><td>2,298</td></tr><tr><td>Total investment of the United States including interagency items</td><td>17,372</td><td>154,552</td><td>511</td><td>936</td><td>14,932</td><td>13,185</td><td>17,106</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>2,011,520</td></tr><tr><td>Due from Government agencies (-)</td><td>-25</td><td>-157</td><td>-407</td><td>-325</td><td>-700</td><td>-19</td><td>-373</td></tr><tr><td>Due to Government agencies</td><td>118</td><td>-</td><td>75</td><td>162</td><td>-</td><td>65</td><td>623</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>17,465</td><td>154,395</td><td>179</td><td>773</td><td>14,232</td><td>13,231</td><td>17,356</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,988,719</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
78
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">Natural resources - (Continued)</th><th colspan="5">Commerce and Housing - Promotion of water transportation</th></tr><tr><th colspan="2">Intragovernmental funds</th><th colspan="5">Public enterprise funds</th></tr><tr><th></th><th>Interior Dept. Office of the Secretary 10/</th><th>Defense Dept. Army Department 17/</th><th>Inland waterways Corp.</th><th>Maritime Department Ship m'te. ins. 18/</th><th>Vessel operations 12/</th><th>War risk ins. 19/</th><th>Panama Canal Company</th><th>St. Lawrence Seaway Development Corporation</th></tr><tr><td colspan="9">ASSETS</td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,766</td><td>*</td><td>5,399</td><td>1</td></tr><tr><td>Fund balances with the U.S. Treasury</td><td>25</td><td>28,412</td><td>3,988</td><td>123</td><td>25,304</td><td>226</td><td>21,360</td><td>135</td></tr><tr><td colspan="9">Investments:</td></tr><tr><td>Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="9">Advances to contractors and agents:</td></tr><tr><td>Government agencies</td><td>-</td><td>55</td><td>-</td><td>-</td><td>204</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Others</td><td>95</td><td>3,443</td><td>-</td><td>-</td><td>6,757</td><td>-</td><td>8,717</td><td>-</td></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="9">Accounts and other receivables:</td></tr><tr><td>Government agencies</td><td>217</td><td>6,359</td><td>229</td><td>-</td><td>344</td><td>-</td><td>1,491</td><td>-</td></tr><tr><td>Others (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,090</td><td>*</td><td>1,377</td><td>*</td></tr><tr><td colspan="9">Loans receivable:</td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>8,189</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></tr><tr><td>Less: Allowance for losses</td><td>-</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>13</td><td>1,82,952</td><td>-</td><td>-</td><td>-</td><td>-</td><td>707,577</td><td>14,196</td></tr><tr><td>Land, structures, and equipment</td><td>18</td><td>77,137</td><td>-</td><td>-</td><td>-</td><td>-</td><td>286,599</td><td>21</td></tr><tr><td>Less: Accumulated depreciation</td><td>-</td><td>9,897</td><td>*</td><td>-</td><td>192</td><td>-</td><td>4,316</td><td>-</td></tr><tr><td>Other assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>681</td><td>160,267</td><td>12,406</td><td>123</td><td>36,257</td><td>226</td><td>464,135</td><td>11,311</td></tr><tr><td colspan="9">LIABILITIES</td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>45</td><td>1,938</td><td>-</td><td>-</td><td>632</td><td>-</td><td>5,457</td><td>183</td></tr><tr><td>Others</td><td>58</td><td>1,455</td><td>-</td><td>-</td><td>1,302</td><td>1</td><td>3,309</td><td>975</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>1,525</td><td>4</td><td>-</td><td>-</td><td>-</td><td>453</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</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></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>744</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</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></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>60</td><td>41,511</td><td>721</td><td>-</td><td>1,533</td><td>-</td><td>4,309</td><td>153</td></tr><tr><td>Total liabilities</td><td>169</td><td>23,589</td><td>724</td><td>-</td><td>3,364</td><td>1</td><td>13,335</td><td>1,311</td></tr><tr><td colspan="9">NET INVESTMENT</td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investments:</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>9,000</td></tr><tr><td>Borrowings from the U.S. Treasury</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>365,700</td><td>-</td></tr><tr><td>Noninterest-bearing investments:</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>25,041</td><td>15,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>175</td><td>105,268</td><td>12,298</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>37</td><td>270</td><td>15,016</td><td>123</td><td>32,291</td><td>225</td><td>79,351</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>51</td><td>13,979</td><td>11,382</td><td>123</td><td>32,291</td><td>225</td><td>445,051</td><td>9,000</td></tr><tr><td>Total United States interest</td><td>241</td><td>161,647</td><td>12,406</td><td>123</td><td>36,257</td><td>226</td><td>464,135</td><td>10,311</td></tr><tr><td>Total liabilities and investment</td><td>410</td><td>185,236</td><td>12,406</td><td>123</td><td>36,257</td><td>226</td><td>464,135</td><td>10,311</td></tr><tr><td colspan="9">ANALYSIS OF INVESTMENT OF THE UNITED STATES</td></tr><tr><td>Investment of the United States</td><td>475</td><td>13,459</td><td>27,298</td><td>-</td><td>-</td><td>-</td><td>365,700</td><td>9,000</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>37</td><td>270</td><td>-15,116</td><td>123</td><td>32,291</td><td>225</td><td>79,351</td><td>-</td></tr><tr><td>Total investment of the United States including interagency items</td><td>512</td><td>13,729</td><td>11,682</td><td>123</td><td>32,291</td><td>225</td><td>445,051</td><td>9,000</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-217</td><td>-1,359</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,1491</td><td>-</td></tr><tr><td>Due to Government agencies</td><td>4</td><td>3,613</td><td>4</td><td>-</td><td>-</td><td>-</td><td>6,001</td><td>183</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>34</td><td>127,733</td><td>11,686</td><td>123</td><td>31,779</td><td>225</td><td>449,561</td><td>9,183</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
August 1956
79
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="3">Account</th><th colspan="2">Intragovernmental funds</th><th colspan="5">Public enterprise funds</th></tr><tr><th colspan="2">Treasury Dept. 20/</th><th colspan="2">P.O. Dept.</th><th colspan="3">Housing and Home Finance Agency-Office of Admin.</th></tr><tr><th>Yard fund</th><th>Supply fund</th><th>Postal fund</th><th>Public facility loans</th><th>RF program 21/</th><th>Public works planning</th><th>Urban renewal</th></tr><tr><td><b>ASSETS</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>-</td><td>-</td><td>119,539</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>2,864</td><td>2,416</td><td>319,196</td><td>370</td><td>1,962</td><td>4,454</td><td>66,841</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (per value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>1</td><td>6</td><td>4,645</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>5,828</td><td>3,564</td><td>4,235</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>93</td><td>713</td><td>22,786</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others (net)</td><td>9</td><td>22</td><td>25,607</td><td>-</td><td>-</td><td>-</td><td>1,214</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38,064</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>974</td></tr><tr><td>Less: Allowance for losses</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>11,474</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>4,118</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Accumulated depreciation</td><td>121</td><td>2</td><td>-</td><td>-</td><td>-</td><td>32</td><td>-</td></tr><tr><td>Other assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>16,243</td><td>6,823</td><td>496,057</td><td>370</td><td>1,962</td><td>4,486</td><td>105,144</td></tr><tr><td><b>LIABILITIES</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>141</td><td>578</td><td>3,884</td><td>*</td><td>*</td><td>-</td><td>218</td></tr><tr><td>Others</td><td>230</td><td>297</td><td>176,352</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>5,940</td><td>-</td><td>18</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></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>230</td><td>-</td><td>61,907</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>28</td><td>-</td><td>122,034</td><td>-</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></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>520</td><td>-</td><td>30,941</td><td>-</td><td>-</td><td>-</td><td>737</td></tr><tr><td>Total liabilities</td><td>7,089</td><td>875</td><td>395,136</td><td>*</td><td>*</td><td>-</td><td>955</td></tr><tr><td><b>NET INVESTMENT</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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>500</td><td>-</td><td>-</td><td>48,000</td></tr><tr><td>Borrowings from the U. S. Treasury</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></tr><tr><td>Noninterest-bearing investment:</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>431,593 22/</td><td>-</td><td>2,000</td><td>4,500</td><td>117,000</td></tr><tr><td>Appropriations</td><td>9,015</td><td>5,888</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>140</td><td>60</td><td>-330,673</td><td>-130</td><td>-39</td><td>-14</td><td>-60,810</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>9,154</td><td>5,948</td><td>100,921</td><td>370</td><td>1,961</td><td>4,486</td><td>104,190</td></tr><tr><td>Total liabilities and investment</td><td>16,243</td><td>6,823</td><td>496,057</td><td>370</td><td>1,962</td><td>4,486</td><td>105,144</td></tr><tr><td><b>ANALYSIS OF INVESTMENT OF THE UNITED STATES</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States</td><td>9,015</td><td>5,888</td><td>431,593</td><td>500</td><td>2,000</td><td>4,500</td><td>165,000</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>140</td><td>60</td><td>-330,673</td><td>-130</td><td>-39</td><td>-14</td><td>-60,810</td></tr><tr><td>Total investment of the United States including interagency items</td><td>9,154</td><td>5,948</td><td>100,921</td><td>370</td><td>1,961</td><td>4,486</td><td>104,190</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-95</td><td>-719</td><td>-27,431</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Due to Government agencies</td><td>6,310</td><td>578</td><td>65,809</td><td>*</td><td>*</td><td>-</td><td>218</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>15,369</td><td>5,807</td><td>139,299</td><td>370</td><td>1,961</td><td>4,486</td><td>104,438</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
80
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Public housing program</th><th>Veterans' Administration</th><th>Office of Administrator</th><th>Fed. Natl. Mortgage Assoc.</th><th>Special asst. functions</th><th>Federal Housing Administration</th></tr><tr><th>Public Housing Administration</th><th colspan="2">Direct loans to veterans</th><th>College loans</th><th>Liquidating programs 19/</th><th>Management, etc. 23/</th><th></th></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>69</td><td>-</td><td>151</td><td>386</td><td>551</td><td>707</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>53,939</td><td>184,368</td><td>16,714</td><td>61,878</td><td>347</td><td>28,305</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,533</td><td>392,403</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,165</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,245</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>471</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>302</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>105</td><td>-</td><td>-</td><td>895</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>682</td><td>21,156</td><td>186</td></tr><tr><td>Others (net)</td><td>1,744</td><td>422</td><td>709</td><td>4,662</td><td>10,329</td><td>4,836</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>105,606</td><td>423,598</td><td>99,153</td><td>142,606</td><td>2,526,514</td><td>351</td></tr><tr><td>Less: Allowance for losses</td><td>652</td><td>-</td><td>238</td><td>1,879</td><td>7</td><td>24/</td></tr><tr><td>Acquired security or collateral (net)</td><td>-</td><td>349</td><td>-</td><td>-</td><td>11,286</td><td>149,373</td></tr><tr><td>Land, structures, and equipment</td><td>77,379</td><td>-</td><td>-</td><td>339,356</td><td>378</td><td>2,454</td></tr><tr><td>Less: Accumulated depreciation</td><td>18,577</td><td>-</td><td>-</td><td>-</td><td>210</td><td>1,378</td></tr><tr><td>Other assets (net)</td><td>136,778</td><td>*</td><td>-</td><td>26,812</td><td>17</td><td>71,716</td></tr><tr><td>Total assets</td><td>356,941</td><td>609,237</td><td>116,493</td><td>575,699</td><td>2,571,900</td><td>379</td><td>661,001</td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>448</td><td>2,380</td><td>579</td><td>2</td><td>10,605</td><td>1</td><td>134</td></tr><tr><td>Others</td><td>28,364</td><td>5,604</td><td>-</td><td>2,783</td><td>4,046</td><td>*</td><td>4,930</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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>73</td><td>-</td></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,223</td></tr><tr><td>Others</td><td>13</td><td>-</td><td>-</td><td>1,805</td><td>27,577</td><td>34</td><td>12,702</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,313</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,081</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>570,374</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>1,864</td><td>378</td><td>150</td><td>3,895</td><td>483</td><td>167,529</td></tr><tr><td>Total liabilities</td><td>30,690</td><td>8,363</td><td>729</td><td>8,434</td><td>613,163</td><td>35</td><td>244,917</td></tr><tr><td>NET INVESTMENT</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>68,000</td><td>534,141</td><td>116,112</td><td>-</td><td>1,909,059</td><td>238</td></tr><tr><td>Borrowings from the U. S. Treasury</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></tr><tr><td>Noninterest-bearing investment:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>362,124</td><td>-</td><td>-</td><td>1,654,373</td><td>-</td><td>-</td></tr><tr><td>Capitalisation of assets (net)</td><td>237,030</td><td>-</td><td>-</td><td>270,479</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-1,061,454</td><td>25/</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-341,902</td><td>14,711</td><td>-347</td><td>-296,183</td><td>49,677</td><td>105</td><td>395,774</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-2,978</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>326,252</td><td>600,375</td><td>115,764</td><td>567,215</td><td>1,958,737</td><td>344</td><td>416,084</td></tr><tr><td>Total liabilities and investment</td><td>356,941</td><td>609,237</td><td>116,493</td><td>575,699</td><td>2,571,900</td><td>379</td><td>661,001</td></tr><tr><td>ANALYSIS OF INVESTMENT OF THE UNITED STATES</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States</td><td>668,154</td><td>581,163</td><td>116,112</td><td>363,393</td><td>1,909,159</td><td>238</td><td>27,310</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-341,902</td><td>14,711</td><td>-347</td><td>-296,183</td><td>49,677</td><td>105</td><td>395,774</td></tr><tr><td>Total investment of the United States including interagency items</td><td>326,252</td><td>600,375</td><td>115,764</td><td>567,215</td><td>1,958,737</td><td>344</td><td>416,084</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>341,50</td><td>600,375</td><td>115,764</td><td>567,215</td><td>1,958,737</td><td>344</td><td>416,084</td></tr><tr><td>Due to Government agencies</td><td>448</td><td>2,38</td><td>579</td><td>-934</td><td>-22,689</td><td>-</td><td>-14,352</td></tr><tr><td>Total Investment of the United States after exclusion of interagency items</td><td>326,252</td><td>600,375</td><td>115,764</td><td>567,215</td><td>1,946,76</td><td>345</td><td>417,437</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
August 1956
81
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Other aids to housing - (Continued)</th><th colspan="4">Other aids to business</th></tr><tr><th>Federal Home Loan Ins. Corp.</th><th>Revolving fund</th><th>HOLC (liquidated)</th><th>General Services Administration 26/</th><th>Interior Department 27/</th><th>Small Business Administration</th><th>Small defense plants activities</th></tr><tr><td colspan="8"><b>ASSETS</b></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>58</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,333</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>1,151</td><td>234</td><td>634</td><td>6,081</td><td>17,832</td><td>39,094</td><td>1,256</td></tr><tr><td colspan="8">Investments:</td></tr><tr><td>Public debt securities (par value)</td><td>248,690</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-1,015</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="8">Advances to contractors and agents:</td></tr><tr><td>Government agencies</td><td>-</td><td>68</td><td>-</td><td>40</td><td>821</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>*</td><td>8</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>-</td><td>1,079</td><td>6,919</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="8">Accounts and other receivables:</td></tr><tr><td>Government agencies</td><td>-</td><td>10</td><td>-</td><td>-</td><td>1,477</td><td>-</td><td>112</td></tr><tr><td>Others (net)</td><td>8,630</td><td>557</td><td>-</td><td>305</td><td>728</td><td>228</td><td>-</td></tr><tr><td colspan="8">Loans receivable:</td></tr><tr><td>Government agencies</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>56,756</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,206</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>363</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>71</td><td>202</td><td>-</td><td>11,131</td><td>123,005</td><td>-</td><td>-</td></tr><tr><td>Loss: Accumulated depreciation</td><td>71</td><td>202</td><td>-</td><td>5,167</td><td>13,703</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>98</td><td>2</td><td>-</td><td>2</td><td>466</td><td>652</td><td>-</td></tr><tr><td>Total assets</td><td>257,976</td><td>879</td><td>634</td><td>13,472</td><td>137,546</td><td>97,862</td><td>1,369</td></tr><tr><td colspan="8"><b>LIABILITIES</b></td></tr><tr><td colspan="8">Accounts and other payables:</td></tr><tr><td>Government agencies</td><td>11</td><td>21</td><td>-</td><td>-</td><td>54</td><td>778</td><td>-</td></tr><tr><td>Others</td><td>12</td><td>180</td><td>91</td><td>267</td><td>1,306</td><td>2</td><td>-</td></tr><tr><td colspan="8">Advances from:</td></tr><tr><td>Government agencies</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></tr><tr><td colspan="8">Trust and deposit liabilities:</td></tr><tr><td>Government agencies</td><td>12</td><td>140</td><td>-</td><td>-</td><td>367</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>11</td><td>*</td><td>-</td><td>-</td><td>259</td><td>102</td><td>-</td></tr><tr><td colspan="8">Bonds, debentures, and notes payable:</td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>499</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td>-</td><td>-</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>11,994</td><td>538</td><td>-</td><td>364</td><td>1,971</td><td>184</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>12,040</td><td>879</td><td>634</td><td>631</td><td>3,957</td><td>1,066</td><td>-</td></tr><tr><td colspan="8"><b>NET INVESTMENT</b></td></tr><tr><td colspan="8">Private interest:</td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="8">United States interest:</td></tr><tr><td>Interest-bearing investment:</td><td>54,847</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></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>58,109</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>129,977 28/</td><td>46,891</td><td>1,500</td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17,366 29/</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,612</td><td>-8,203</td><td>-131</td></tr><tr><td>Other</td><td>191,089 20/</td><td>-</td><td>-</td><td>-4,525</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>245,936</td><td>-</td><td>-</td><td>12,841</td><td>133,589</td><td>96,797</td><td>1,369</td></tr><tr><td>Total liabilities and investment</td><td>257,976</td><td>879</td><td>634</td><td>13,472</td><td>137,546</td><td>97,862</td><td>1,369</td></tr><tr><td colspan="8"><b>ANALYSIS OF INVESTMENT OF THE UNITED STATES</b></td></tr><tr><td>Investment of the United States</td><td>54,847</td><td>-</td><td>-</td><td>17,366</td><td>129,977</td><td>105,000</td><td>1,500</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>191,089</td><td>-</td><td>-</td><td>-4,525</td><td>3,612</td><td>-8,203</td><td>-131</td></tr><tr><td>Total investment of the United States including interagency items</td><td>245,936</td><td>-</td><td>-</td><td>12,841</td><td>133,589</td><td>97,797</td><td>1,369</td></tr><tr><td>Interagency items:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Due from Government agencies (-)</td><td>-</td><td>-10</td><td>-</td><td>-40</td><td>-2,298</td><td>-</td><td>-112</td></tr><tr><td>Due to Government agencies</td><td>23</td><td>160</td><td>-</td><td>-</td><td>421</td><td>778</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>245,259</td><td>150</td><td>-</td><td>12,801</td><td>131,712</td><td>97,575</td><td>1,257</td></tr></table>
Footnotes at end of Table 6
(Continued on following page)
82
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Fed. Facilities Corporation</th><th>Reconstruction Finance Corp. 31/</th><th>Smaller War Plants Corp. 11/</th><th>RFC Iiq. World War II assets</th><th>Defense production guarantees</th><th>Atomic Energy Commission</th><th>Com. Dept.</th><th>Air Force Dept.</th></tr><tr><td colspan="9">ASSETS</td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>128</td><td>1,534</td><td>7</td><td>24,735</td><td>211</td><td>6</td><td>2,886</td><td></td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>4,126</td><td>1,374</td><td>7</td><td>24,735</td><td>211</td><td>6</td><td>2,886</td><td></td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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>412</td><td>26</td><td>54</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>10,150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>4,65</td><td>3,129</td><td>87</td><td>1,13</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others (net)</td><td>801</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></tr><tr><td>Government agencies</td><td>-</td><td>12,121</td><td>1,1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>24,218</td><td>54</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>1,414</td><td>54</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>4,142</td><td>-</td><td>-</td><td>1,11</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>36,472</td><td>-</td><td>-</td><td>4,751</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Accumulated depreciation</td><td>1,476</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>137,777</td><td>17,374</td><td>564</td><td>29,444</td><td>111</td><td>6</td><td>3,326</td><td></td></tr><tr><td colspan="9">LIABILITIES</td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>1,12</td><td>0</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>1,577</td><td>71</td><td>1</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>4</td><td>1</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>4</td><td>14</td><td>-</td><td>-</td><td>-</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></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>555</td><td>1,147</td><td>-</td><td>25</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>1,556</td><td>1,223</td><td>1</td><td>25</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="9">NET INVESTMENT</td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</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>2</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>7</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td></tr><tr><td>Total United States interest</td><td>7</td><td>2</td><td>31</td><td>2</td><td>1</td><td>0</td><td>1</td><td>1</td></tr><tr><td>Total liabilities and investment</td><td>1,563</td><td>1,225</td><td>32</td><td>27</td><td>1</td><td>0</td><td>1</td><td>1</td></tr><tr><td colspan="9">ANALYSIS OF INVESTMENT OF THE UNITED STATES</td></tr><tr><td>Investment of the United States</td><td>4,172</td><td>2</td><td>31</td><td>2,334</td><td>111</td><td>6</td><td>3,336</td><td></td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-1</td><td>-37</td><td>-</td><td>1</td><td>0</td><td>3,336</td><td></td></tr><tr><td>Total investment of the United States including interagency items</td><td>4,172</td><td>1</td><td>-6</td><td>2,334</td><td>112</td><td>6</td><td>6,672</td><td></td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>6</td><td>9,12</td></tr><tr><td>Due to Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>4,172</td><td>1</td><td>-6</td><td>2,334</td><td>132</td><td>7</td><td>6,666</td><td>9,12</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
August 1956
83
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="8">Other aids to business - (Continued)</th></tr><tr><th colspan="3">Public enterprise funds - (Cont.)</th><th colspan="2">Intragovernmental funds</th><th colspan="2">Civil defense</th></tr><tr><th></th><th>Army Dept.</th><th>Navy Dept.</th><th>General Services Admin.</th><th>Working capital fund</th><th>Health, Education, and Welfare Dept. 32/</th><th>Federal Civil Defense Admin. 33/</th><th>Public enterprise funds</th><th>Treas. Dept. Office of the Secretary 37/</th></tr><tr><th colspan="9">ASSETS</th></tr><tr><td>Cash in banks, on hand, and in transit</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U.S. Treasury</td><td>3,136</td><td>3,731</td><td>3,610</td><td>197</td><td>800</td><td>-</td><td>3,571</td><td>25</td></tr><tr><th colspan="9">Investments:</th></tr><tr><td>Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>120</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>174</td><td>-</td><td>-</td><td>-</td><td>1,772</td><td>-</td></tr><tr><td>Others (net)</td><td>3</td><td>-</td><td>12</td><td>-</td><td>134</td><td>-</td><td>1,772</td><td>-</td></tr><tr><th colspan="9">Loans receivable:</th></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>2,968</td><td>3,211</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,932</td></tr><tr><td>Less: Allowance for losses</td><td>-</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>-</td><td>-</td><td>433</td><td>152</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>-</td><td>-</td><td>-</td><td>217</td><td>13</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Accumulated depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>5,328</td><td>6,993</td><td>3,623</td><td>757</td><td>1,094</td><td>-</td><td>7,995</td><td>2,932</td></tr><tr><th colspan="9">LIABILITIES</th></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>2,195</td><td>12</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>95</td><td>153</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>2,961</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></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></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>92</td><td>171</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>1,300</td><td>-</td><td>-</td><td>190</td><td>315</td><td>-</td><td>2,195</td><td>12</td></tr><tr><th colspan="9">NET INVESTMENT</th></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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></tr><tr><td>Borrowings from the U.S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,973</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>225</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investment:</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>1</td><td>-</td><td>-</td><td>4,300</td><td>-</td></tr><tr><td>Appropriations</td><td>-</td><td>-</td><td>-</td><td>243</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>4,303</td><td>1,993</td><td>3,623</td><td>219</td><td>559</td><td>-</td><td>-</td><td>122</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>4,303</td><td>1,993</td><td>3,623</td><td>507</td><td>784</td><td>-</td><td>5,300</td><td>122</td></tr><tr><td>Total liabilities and investment</td><td>5,328</td><td>6,993</td><td>3,623</td><td>757</td><td>1,094</td><td>-</td><td>7,995</td><td>2,932</td></tr><tr><th colspan="9">ANALYSIS OF INVESTMENT OF THE UNITED STATES</th></tr><tr><td>Investment of the United States</td><td>-</td><td>-</td><td>-</td><td>348</td><td>224</td><td>-</td><td>5,300</td><td>122</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>4,303</td><td>1,993</td><td>3,623</td><td>219</td><td>559</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States including interagency items</td><td>4,303</td><td>1,993</td><td>3,623</td><td>567</td><td>783</td><td>-</td><td>5,300</td><td>122</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>2,172</td><td>-</td><td>-</td><td>224</td><td>-</td><td>-</td><td>1,772</td><td>-</td></tr><tr><td>Due to Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,195</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>1,303</td><td>1,993</td><td>3,623</td><td>343</td><td>783</td><td>-</td><td>3,113</td><td>122</td></tr></table>
(Continued on following page)
84
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued) (In thousands of dollars)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Com. and housing - (Cont.) Disaster loans Pub. ent. fund Small Business Admin. 25/</th><th colspan="5">General government Public enterprise funds</th></tr><tr><th>General Services Admin. Public buildings 25/</th><th>Lafayette Bldg., Weeh. 37/</th><th>Office of Territories 32/</th><th>Virgin Islands Corporation</th><th>Treasury Department Bur. of Accts. Govt. losses in shipment</th><th>Treas. of U. S. Check forgery ins. fund</th></tr><tr><td colspan="8"><b>ASSETS</b></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>3</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>41</td><td>436</td><td>30</td><td>153</td><td>39</td><td>168</td><td>21</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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></tr><tr><td>Inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,261</td><td>-</td><td>-</td></tr><tr><td>Loss: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>10</td><td>1</td><td>-</td><td>50</td><td>-</td><td>-</td></tr><tr><td>Other (net)</td><td>47</td><td>-</td><td>-</td><td>-</td><td>368</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></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>350</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>9,831</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td></tr><tr><td>Loss: Allowance for losses</td><td>1,186</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>21</td><td>-</td><td>-</td><td>-</td><td>5,932</td><td>-</td><td>-</td></tr><tr><td>Loss: Accumulated depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,518</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>11</td><td>-</td><td>-</td><td>-</td><td>421</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>8,804</td><td>446</td><td>31</td><td>503</td><td>6,576</td><td>168</td><td>21</td></tr><tr><td colspan="8"><b>LIABILITIES</b></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>48</td><td>-</td><td>-</td><td>-</td><td>136</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>*</td><td>-</td><td>-</td><td>144</td><td>-</td><td>-</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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></tr><tr><td>Trust and deposit liabilities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>49</td><td>-</td><td>-</td><td>-</td><td>65</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></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>48</td><td>-</td><td>-</td><td>-</td><td>132</td><td>7</td><td>-</td></tr><tr><td>Total liabilities</td><td>144</td><td>*</td><td>-</td><td>-</td><td>446</td><td>7</td><td>-</td></tr><tr><td colspan="8"><b>NET INVESTMENT</b></td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investments:</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></tr><tr><td>Borrowings from the U. S. Treasury</td><td>9,5</td><td>-</td><td>-</td><td>-</td><td>6,739</td><td>39/</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Noninterest-bearing investments:</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>500</td><td>57</td><td>802</td><td>50</td></tr><tr><td>Appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</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>92</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-24</td><td>446</td><td>31</td><td>3</td><td>-605</td><td>-733</td><td>-29</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>8,742</td><td>446</td><td>31</td><td>503</td><td>7,313</td><td>101</td><td>21</td></tr><tr><td>Total liabilities and investment</td><td>8,844</td><td>446</td><td>31</td><td>503</td><td>6,576</td><td>168</td><td>21</td></tr><tr><td colspan="8"><b>ANALYSIS OF INVESTMENT OF THE UNITED STATES</b></td></tr><tr><td>Investment of the United States</td><td>4,5</td><td>-</td><td>-</td><td>-</td><td>6,736</td><td>894</td><td>50</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-31</td><td>446</td><td>31</td><td>3</td><td>-665</td><td>-733</td><td>-29</td></tr><tr><td>Total investment of the United States including interagency items</td><td>3,770</td><td>446</td><td>31</td><td>503</td><td>6,130</td><td>161</td><td>21</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-</td><td>-</td></tr><tr><td>Due to Government agencies</td><td>-8</td><td>-</td><td>-</td><td>-</td><td>139</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>3,768</td><td>446</td><td>31</td><td>503</td><td>6,12</td><td>161</td><td>21</td></tr></table>
Footnotes at end of Table 6.
(Continued on following page)
August 1956
85
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 2.- Statements of Financial Condition of Public Enterprise Funds and Intragovernmental
Funds of the United States Government, March 31, 1956 - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="7">Intragovernmental funds</th></tr><tr><th>Civil Service Commission</th><th>Buildings management fund</th><th>Construction services, public blgds.</th><th>General supply fund</th><th>Working capital fund</th><th>Leg. Branch Government Printing Office</th><th>Treas. Dept. Bur. of En-graving and Printing</th></tr><tr><th>ASSETS</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>3,786</td><td>4,600</td><td>299</td><td>12,074</td><td>147</td><td>9,782</td><td>3,977</td></tr><tr><td>Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (per value)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td></tr><tr><td>Others</td><td>43</td><td>340</td><td>*</td><td>52</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Inventories</td><td>311</td><td>9,385</td><td>-</td><td>23,969</td><td>53</td><td>24,324</td><td>6,938</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td></tr><tr><td>Accounts and other receivables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>886</td><td>6,887</td><td>158</td><td>26,392</td><td>60</td><td>7,558</td><td>2,367</td></tr><tr><td>Others (net)</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>59</td><td>5</td></tr><tr><td>Loans receivable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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></tr><tr><td>Less: Allowance for losses</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>428</td><td>2,733</td><td>-</td><td>4,308</td><td>152</td><td>25,188</td><td>30,586</td></tr><tr><td>Less: Accumulated depreciation</td><td>227</td><td>949</td><td>-</td><td>1,569</td><td>73</td><td>9,500</td><td>5,436</td></tr><tr><td>Other assets (net)</td><td>*</td><td>206</td><td>-</td><td>1</td><td>-</td><td>92</td><td>254</td></tr><tr><td>Total assets</td><td>5,227</td><td>23,206</td><td>457</td><td>70,728</td><td>338</td><td>58,002</td><td>38,741</td></tr><tr><th>LIABILITIES</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>188</td><td>64</td></tr><tr><td>Others</td><td>566</td><td>9,385</td><td>86</td><td>9,039</td><td>52</td><td>5,052</td><td>2,222</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>14,197</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>2,489</td><td>-</td><td>65</td><td>6</td><td>681</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></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,005</td><td>453</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>14</td></tr><tr><td>Bonds, debentures, and notes payable:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</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></tr><tr><td>Guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>607</td><td>4,309</td><td>237</td><td>265</td><td>55</td><td>2,455</td><td>1,585</td></tr><tr><td>Total liabilities</td><td>1,191</td><td>16,182</td><td>323</td><td>23,566</td><td>114</td><td>9,199</td><td>4,339</td></tr><tr><th>NET INVESTMENT</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private interest:</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></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total private interest</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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></tr><tr><td>Borrowings from the U. S. Treasury</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></tr><tr><td>Noninterest-bearing investments:</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></tr><tr><td>Appropriations</td><td>4,000</td><td>3,500</td><td>-</td><td>44,000</td><td>50</td><td>1,000</td><td>3,250</td></tr><tr><td>Capitalisation of assets (net)</td><td>-</td><td>4,424</td><td>-</td><td>1,233</td><td>195</td><td>43,677</td><td>22,001</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8,939</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>35</td><td>-900</td><td>134</td><td>1,929</td><td>-20</td><td>3,926</td><td>212</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>4,035</td><td>7,024</td><td>134</td><td>47,163</td><td>224</td><td>48,603</td><td>34,402</td></tr><tr><td>Total liabilities and investment</td><td>5,227</td><td>23,206</td><td>457</td><td>70,728</td><td>333</td><td>58,002</td><td>38,741</td></tr><tr><th>ANALYSIS OF INVESTMENT OF THE UNITED STATES</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States</td><td>4,000</td><td>7,924</td><td>-</td><td>45,233</td><td>245</td><td>44,677</td><td>34,190</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>35</td><td>-900</td><td>134</td><td>1,929</td><td>-20</td><td>3,926</td><td>212</td></tr><tr><td>Total investment of the United States including interagency items</td><td>4,035</td><td>7,024</td><td>134</td><td>47,163</td><td>224</td><td>48,603</td><td>34,402</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-886</td><td>-</td><td>-158</td><td>-</td><td>-60</td><td>-7,558</td><td>-2,380</td></tr><tr><td>Due to Government agencies</td><td>18</td><td>-</td><td>-</td><td>14,197</td><td>-</td><td>1,193</td><td>518</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>3,167</td><td>7,024</td><td>-24</td><td>61,360</td><td>164</td><td>42,238</td><td>32,543</td></tr></table>
Footnote at end of Table 6.
86
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 3.- Statements of Financial Condition of Certain Other Activities of the United States Government, March 31, 1956
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Major natl. sec. Defense Dept. Army Dept.1/</th><th colspan="2">International affairs and finance</th><th>Labor and welfare</th><th colspan="2">Agriculture and agric. resources</th><th colspan="2">Commerce and housing</th></tr><tr><th></th><th></th><th></th><th>Mutual security</th><th>Treasury Department. Misc. loans and certain other assets</th><th>HEW Dept. 2/</th><th>Farmers' Home Admin-istration</th><th>Rural Electri- cation Admin.</th><th>Promotion of water tranap. Commerce Dept.</th><th>Maritimes activities</th><th>Community develop-ment and facilities 2/</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 in banke, on hand, and in transit</td><td>538</td><td>-</td><td>-</td><td>-</td><td>-</td><td>238</td><td>281</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>31,633</td><td>-</td><td>9,825</td><td>-</td><td>-</td><td>87,537</td><td>34,800</td><td>211,421</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 securities (par value)</td><td>755</td><td>-</td><td>-</td><td>-</td><td>-</td><td>450</td><td>-</td><td>305</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Gort. enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</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 (net)</td><td>3,477,820</td><td>-</td><td>-</td><td>3,477,820</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</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 agencies</td><td>212</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>212</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>Inventories</td><td>36,123</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>-</td><td>36,085</td><td>-</td><td>-</td></tr><tr><td>Lease: Allowance for leases</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</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 agencies</td><td>129,608</td><td>-</td><td>-</td><td>128,934</td><td>-</td><td>22</td><td>1</td><td>651</td><td>-</td><td>-</td></tr><tr><td>Others (net)</td><td>3,478,629</td><td>-</td><td>12,650</td><td>3,304,927</td><td>197</td><td>22,721</td><td>117,700</td><td>19,553</td><td>876</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 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>8,754,084</td><td>5,057</td><td>1,831,704</td><td>3,555,955</td><td>606</td><td>652,570</td><td>2,378,699</td><td>251,001</td><td>83,494</td><td>-</td></tr><tr><td>Lease: Allowance for leases</td><td>93,787</td><td>4,604</td><td>-</td><td>2,052</td><td>-</td><td>83,935</td><td>3,196</td><td>-</td><td>-</td><td>19</td></tr><tr><td>Acquired security or collateral (net)</td><td>355</td><td>-</td><td>-</td><td>-</td><td>-</td><td>936</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>4,798,669</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,434</td><td>-</td><td>4,796,235</td><td>-</td><td>-</td></tr><tr><td>Lease: Accumulated depreciation</td><td>2,304</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,304</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>2,997</td><td>-</td><td>-</td><td>-</td><td>-</td><td>520</td><td>-</td><td>2,477</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>20,927,931</td><td>453</td><td>1,854,177</td><td>10,460,584</td><td>803</td><td>681,278</td><td>2,528,285</td><td>5,317,964</td><td>84,388</td><td>-</td></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>Accounts and other payables:</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 agencies</td><td>43,742</td><td>-</td><td>41,321</td><td>-</td><td>-</td><td>780</td><td>11,447</td><td>194</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>114,087</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>561</td><td>133,506</td><td>-</td><td>-</td></tr><tr><td>Advances 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>Government agencies</td><td>50,395</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50,395</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>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 agencies</td><td>1,560</td><td>-</td><td>-</td><td>-</td><td>197</td><td>684</td><td>209</td><td>470</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>8,541</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,482</td><td>8</td><td>2,051</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>Government 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>Guaranteed by 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>Not guaranteed by 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>All other liabilities (including reserves)</td><td>13,198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>*</td><td>13,195</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>261,544</td><td>-</td><td>41,321</td><td>-</td><td>197</td><td>7,969</td><td>12,226</td><td>199,811</td><td>-</td><td>-</td></tr><tr><td>NET INVESTMENT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private 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>Capital 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>Accumulated net income, or deficit (-)</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 private 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>United States 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>Interest-bearing investment:</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</td><td>3,733,977</td><td>-</td><td>1,204,699</td><td>-</td><td>-</td><td>208,267</td><td>2,321,011</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</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>Noninterest-bearing 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>Capital stock</td><td>13,272,220</td><td>5,057</td><td>634,991</td><td>10,311,155</td><td>876</td><td>406,466</td><td>242,488</td><td>-</td><td>1,671,187</td><td>-</td></tr><tr><td>Appropriations</td><td>428,694</td><td>-</td><td>-</td><td>-</td><td>-</td><td>428,694</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</td><td>5,118,154</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,118,154</td><td>3/</td><td>-1,586,798</td></tr><tr><td>Other</td><td>-1,643,989</td><td>-4,604</td><td>-26,833</td><td>149,429</td><td>-271</td><td>-129,031</td><td>-45,881</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-242,646</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-241,087</td><td>-1,559</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deposite of general and special fund revenues (-)</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 United States interest</td><td>20,666,410</td><td>453</td><td>1,312,857</td><td>10,460,584</td><td>606</td><td>673,309</td><td>2,516,059</td><td>5,118,154</td><td>84,388</td><td>-1,586,798</td></tr><tr><td>Total liabilities and investment</td><td>20,927,931</td><td>453</td><td>1,854,177</td><td>10,460,584</td><td>803</td><td>681,278</td><td>2,528,285</td><td>5,317,964</td><td>84,388</td><td>-1,586,798</td></tr><tr><td>ANALYSIS OF INVESTMENT 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>Investment of the United States</td><td>22,310,400</td><td>5,057</td><td>1,839,690</td><td>10,311,155</td><td>876</td><td>802,341</td><td>2,561,940</td><td>5,118,154</td><td>1,671,187</td><td>-1,586,798</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>-1,643,989</td><td>-4,604</td><td>-26,833</td><td>149,429</td><td>-271</td><td>-129,031</td><td>-45,881</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States including interagency items</td><td>20,666,410</td><td>453</td><td>1,812,857</td><td>10,460,584</td><td>606</td><td>673,309</td><td>2,516,059</td><td>5,118,154</td><td>84,388</td><td>-1,586,798</td></tr><tr><td>Interagency items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-129,820</td><td>-</td><td>-</td><td>-128,934</td><td>-</td><td>-22</td><td>-1</td><td>-863</td><td>-</td><td>-</td></tr><tr><td>Due to Government agencies</td><td>105,697</td><td>-</td><td>41,321</td><td>-</td><td>197</td><td>1,404</td><td>11,656</td><td>51,059</td><td>-</td><td>-</td></tr><tr><td>Total investment of the United States after exclusion of interagency items</td><td>20,642,287</td><td>453</td><td>1,854,177</td><td>10,331,650</td><td>803</td><td>674,752</td><td>2,527,715</td><td>5,168,349</td><td>84,388</td><td>-1,586,798</td></tr></table>
Footnotes at end of Table 6.
August 1956
87
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 4.- Statements of Financial Condition of Certain Deposit Funds
of the United States Government, March 31, 1956
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Farm Credit Administration Banks for cooperatives</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board Federal home loan banks</th></tr><tr><td><b>ASSETS</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>49,942</td><td>24,161</td><td>257</td><td>25,524</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>11,537</td><td>440</td><td>1,671</td><td>12,426</td></tr><tr><td><b>Investments:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Public debt securities (par value)</td><td>2,923,723</td><td>42,463</td><td>1,798,300</td><td>1,082,960</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>400</td><td>-</td><td>-</td><td>400</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>-5,850</td><td>245</td><td>-5,066</td><td>-1,029</td></tr><tr><td>Other securities (net)</td><td>5,405</td><td>-</td><td>-</td><td>5,405</td></tr><tr><td><b>Advances to contractors and agents:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Inventories</b></td><td>67</td><td>-</td><td>67</td><td>-</td></tr><tr><td>Loss: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Accounts and other receivables:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>7</td><td>6</td><td>1</td><td>-</td></tr><tr><td>Others (net)</td><td>24,191</td><td>3,989</td><td>14,003</td><td>6,199</td></tr><tr><td><b>Loans receivable:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>1,495,772</td><td>355,472</td><td>2,234</td><td>1,138,066</td></tr><tr><td>Loss: Allowance for losses</td><td>5,471</td><td>3,282</td><td>2,189</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>906</td><td>906</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>395</td><td>395</td><td>*</td><td>-</td></tr><tr><td>Loss: Accumulated depreciation</td><td>314</td><td>314</td><td>-</td><td>*</td></tr><tr><td>Other assets (net)</td><td>4,771</td><td>190</td><td>3,998</td><td>583</td></tr><tr><td><b>Total assets</b></td><td>4,508,480</td><td>424,670</td><td>1,813,277</td><td>2,270,533</td></tr><tr><td><b>LIABILITIES</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts and other payables</td><td>369</td><td>354</td><td>15</td><td>-</td></tr><tr><td>Government agencies</td><td>13,470</td><td>1,265</td><td>603</td><td>11,602</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Advances from:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Trust and deposit liabilities:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>123</td><td>10</td><td>113</td><td>-</td></tr><tr><td>Others</td><td>770,573</td><td>15</td><td>42</td><td>770,516</td></tr><tr><td><b>Bonds, debentures, and notes payable:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>2,200</td><td>2,200</td><td>-</td><td>-</td></tr><tr><td>Others:</td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed by the United States</td><td>1,029,590</td><td>160,850</td><td>-</td><td>868,740</td></tr><tr><td>Not guaranteed by the United States</td><td>147,261</td><td>701</td><td>146,560</td><td>-</td></tr><tr><td><b>All other liabilities (including reserves)</b></td><td>1,963,585</td><td>165,394</td><td>147,334</td><td>1,650,857</td></tr><tr><td><b>Total liabilities</b></td><td>4,508,480</td><td>424,670</td><td>1,813,277</td><td>2,270,533</td></tr><tr><td><b>NET INVESTMENT</b></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Private interest:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>588,893</td><td>19,685</td><td>-</td><td>569,208</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>54,380</td><td>3,912</td><td>-</td><td>50,468</td></tr><tr><td><b>Total private interest</b></td><td>643,273</td><td>23,597</td><td>-</td><td>619,676</td></tr><tr><td><b>United States interest:</b></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Interest-bearing investment:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Noninterest-bearing investment:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock</td><td>150,000</td><td>150,000</td><td>-</td><td>-</td></tr><tr><td>Appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalisation of assets (net)</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>1,751,621</td><td>85,678</td><td>1,665,943 1/</td><td>-</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Total United States interest</b></td><td>1,901,621</td><td>235,678</td><td>1,665,943</td><td>-</td></tr><tr><td><b>Total liabilities and investment</b></td><td>4,508,480</td><td>424,670</td><td>1,813,277</td><td>2,270,533</td></tr><tr><td><b>ANALYSIS OF INVESTMENT OF THE UNITED STATES</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment of the United States</td><td>150,000</td><td>150,000</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>1,751,621</td><td>85,678</td><td>1,665,943</td><td>-</td></tr><tr><td><b>Total investment of the United States including interagency items</b></td><td>1,901,621</td><td>235,678</td><td>1,665,943</td><td>-</td></tr><tr><td><b>Interagency items:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from Government agencies (-)</td><td>-409</td><td>-6</td><td>-1</td><td>-400</td></tr><tr><td>Due to Government agencies</td><td>2,692</td><td>2,564</td><td>128</td><td>-</td></tr><tr><td><b>Total investment of the United States after exclusion of interagency items</b></td><td>1,903,906</td><td>238,236</td><td>1,666,070</td><td>-400</td></tr></table>
1/ The surplus is not available by law for dividend distribution and is considered by the Corporation as a reserve for future deposit insur-
once losses and related expenses with respect to insured banks. * Less than $500.
88
Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 5.- Statements of Financial Condition of Certain Trust Revolving Funds of the United States Government, March 31, 1956
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Total</th><th colspan="3">Civil Service Commission</th><th colspan="2">General Services Administration</th><th rowspan="2">Housing and Home Finance Agency Fed. Natl. Mortgage Association Secondary market operations</th><th colspan="2">Defense Department</th><th rowspan="2">Treasury Department United States Coast Guard Commuted ration measures fund</th></tr><tr><th>Employees' life insurance fund</th><th>Franklin D. Roosevelt library fund</th><th>National archivee trust fund</th><th></th><th>Army Department</th><th>United States Soldiers' Home revolving fund</th></tr><tr><td colspan="11">ASSETS</td></tr><tr><td>Cash in banks, on hand, and in transit</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Fund balances with the U. S. Treasury</td><td>76,160</td><td>1,410</td><td>195</td><td>38</td><td>74,077</td><td>-</td><td>25</td><td>415</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 securities (per value)</td><td>1,495</td><td>1,495</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Securities of wholly owned Govt. enterprises</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Unamortized premium, or discount (-)</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other securities (net)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Advances to contractors and agents:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>3</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>11</td><td>-</td><td>*</td><td>9</td><td>-</td><td>28</td><td>-</td><td>11</td><td>120</td></tr><tr><td>Inventories</td><td>157</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Accounts and other receivables:</td><td>7,413</td><td>7,078</td><td>-</td><td>*</td><td>6</td><td>-</td><td>1</td><td>329</td><td>*</td></tr><tr><td>Government agencies</td><td>607</td><td>14</td><td>-</td><td>3</td><td>590</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others (net)</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 agencies</td><td>155,944</td><td>-</td><td>-</td><td>-</td><td>155,944</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>4,922</td><td>-</td><td>-</td><td>-</td><td>4,722 1/2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Allowance for losses</td><td>6</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Acquired security or collateral (net)</td><td>22</td><td>2</td><td>18</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Land, structures, and equipment</td><td>4</td><td>*</td><td>4</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Less: Accumulated depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other assets (net)</td><td>70</td><td>-</td><td>-</td><td>-</td><td>70</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total assets</td><td>236,963</td><td>9,999</td><td>212</td><td>52</td><td>225,771</td><td>54</td><td>875</td><td>-</td><td>-</td></tr><tr><td colspan="11">LIABILITIES</td></tr><tr><td>Accounts and other payables:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government agencies</td><td>126</td><td>-</td><td>-</td><td>-</td><td>128</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>8,836</td><td>8,053</td><td>2</td><td>4</td><td>438</td><td>2</td><td>339</td><td>-</td><td>-</td></tr><tr><td>Advances from:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government 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>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 agencies</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Others</td><td>874</td><td>-</td><td>-</td><td>-</td><td>874</td><td>-</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>Government 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>Guaranteed by the United States</td><td>100,000</td><td>-</td><td>-</td><td>-</td><td>100,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Not guaranteed by the United States</td><td>667</td><td>-</td><td>4</td><td>3</td><td>660</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>All other liabilities (including reserves)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities</td><td>110,506</td><td>8,053</td><td>5</td><td>7</td><td>102,100</td><td>2</td><td>339</td><td>-</td><td>-</td></tr><tr><td colspan="11">NET INVESTMENT</td></tr><tr><td>Trust interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Principal of fund</td><td>5,228</td><td>-</td><td>-</td><td>2</td><td>4,742</td><td>41</td><td>443</td><td>-</td><td>-</td></tr><tr><td>Accumulated net income, or deficit (-)</td><td>2,378</td><td>1,946</td><td>207</td><td>43</td><td>78</td><td>11</td><td>93</td><td>-</td><td>-</td></tr><tr><td>Total trust interest</td><td>7,606</td><td>1,946</td><td>207</td><td>45</td><td>4,820</td><td>52</td><td>536</td><td>-</td><td>-</td></tr><tr><td>United States interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing investment:</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>92,820</td><td>-</td><td>-</td><td>-</td><td>82,820</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>25,708</td><td>-</td><td>-</td><td>-</td><td>25,708</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>Noninterest-bearing investment:</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>Appropriations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capitalization of assets (net)</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>Accumulated net income, or deficit (-)</td><td>323</td><td>-</td><td>-</td><td>-</td><td>323</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deposits of general and special fund revenues (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States interest</td><td>118,851</td><td>-</td><td>-</td><td>-</td><td>118,851</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total liabilities and investment</td><td>236,963</td><td>9,999</td><td>212</td><td>52</td><td>225,771</td><td>54</td><td>875</td><td>-</td><td>-</td></tr></table>
* Less than $500
August 1956
89
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 6.- Gross Loans Outstanding, Excluding Interagency Loans, March 31, 1956, Classified by Type of Loan
(In thousands of dollars)
<table><tr><th>Type of loan and lending agency</th><th>Total</th><th>Public enterprise funds and intragovernmental funds</th><th>Certain other activities</th></tr><tr><td colspan="4">To aid agriculture:</td></tr><tr><td>Loans to agricultural credit corporations:</td><td>761,215</td><td>761,215</td><td>-</td></tr><tr><td>Federal intermediate credit banks.</td><td></td><td></td><td></td></tr><tr><td>Loans to cooperative associations:</td><td>9,585</td><td>-</td><td>9,585</td></tr><tr><td>Farmers' Home Administration.</td><td>3,509</td><td>3,509</td><td>-</td></tr><tr><td>Federal intermediate credit banks.</td><td>2,378,699</td><td>-</td><td>2,378,699</td></tr><tr><td>Rural Electrification Administration.</td><td></td><td></td><td></td></tr><tr><td>Crop, livestock, and commodity loans:</td><td>2,060,650</td><td>2,060,650</td><td>-</td></tr><tr><td>Commodity Credit Corporation.</td><td>111,181</td><td>111,181</td><td>-</td></tr><tr><td>Disaster loans, etc., revolving fund.</td><td>12,971</td><td>-</td><td>12,971</td></tr><tr><td>Farmers' Home Administration.</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Virgin Islands Corporation.</td><td></td><td></td><td></td></tr><tr><td>Farm mortgage loans:</td><td>267,089</td><td>-</td><td>267,089</td></tr><tr><td>Farmers' Home Administration.</td><td></td><td></td><td></td></tr><tr><td>Guaranteed loans held by lending agencies:</td><td>1,053,264 1/</td><td>1,053,264</td><td>-</td></tr><tr><td>Commodity Credit Corporation.</td><td></td><td></td><td></td></tr><tr><td>Other loans:</td><td>362,925</td><td>-</td><td>362,925</td></tr><tr><td>Farmers' Home Administration.</td><td></td><td></td><td></td></tr><tr><td>Total to aid agriculture.</td><td>7,021,093</td><td>3,989,823</td><td>3,031,269</td></tr><tr><td colspan="4">To aid home owners:</td></tr><tr><td>Mortgage loans:</td><td></td><td></td><td></td></tr><tr><td>Federal National Mortgage Association:</td><td>2,526,253</td><td>2,526,253</td><td>-</td></tr><tr><td>Management and liquidating functions.</td><td>351</td><td>351</td><td>-</td></tr><tr><td>Special assistance functions.</td><td></td><td></td><td></td></tr><tr><td>Housing and Home Finance Administrator:</td><td>123,743</td><td>123,743</td><td>-</td></tr><tr><td>Revolving fund (liquidating programs).</td><td></td><td></td><td></td></tr><tr><td>Veterans' Administration:</td><td>422,905</td><td>422,905</td><td>-</td></tr><tr><td>Direct loans to veterans.</td><td></td><td></td><td></td></tr><tr><td>Other loans:</td><td>694</td><td>694</td><td>-</td></tr><tr><td>Veterans' Administration:</td><td></td><td></td><td></td></tr><tr><td>Direct loans to veterans.</td><td></td><td></td><td></td></tr><tr><td>Total to aid home owners.</td><td>3,073,945</td><td>3,073,945</td><td>-</td></tr><tr><td colspan="4">To aid industry:</td></tr><tr><td>Loans to railroads:</td><td></td><td></td><td></td></tr><tr><td>Defense production expansion:</td><td>1,763</td><td>1,763</td><td>-</td></tr><tr><td>Treasury Department.</td><td></td><td></td><td></td></tr><tr><td>Other purposes:</td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation (in liquidation).</td><td>9,028</td><td>9,028</td><td>-</td></tr><tr><td>Treasury Department:</td><td></td><td></td><td></td></tr><tr><td>Miscellaneous loans and certain other assets.</td><td>2,052</td><td>-</td><td>2,052</td></tr><tr><td>Ship mortgage loans:</td><td></td><td></td><td></td></tr><tr><td>Commerce Department:</td><td>192,865</td><td>-</td><td>192,865</td></tr><tr><td>Regular maritime activities.</td><td></td><td></td><td></td></tr><tr><td>Other loans:</td><td></td><td></td><td></td></tr><tr><td>Defense production expansion:</td><td>13,762</td><td>13,762</td><td>-</td></tr><tr><td>Interior Department.</td><td>185,858</td><td>185,858</td><td>-</td></tr><tr><td>Treasury Department.</td><td></td><td></td><td></td></tr><tr><td>Defense production guarantees:</td><td>2,668</td><td>2,668</td><td>-</td></tr><tr><td>Army Department.</td><td>3,211</td><td>3,211</td><td>-</td></tr><tr><td>Navy Department.</td><td></td><td></td><td></td></tr><tr><td>Other purposes:</td><td></td><td></td><td></td></tr><tr><td>Army Department:</td><td>5,057</td><td>-</td><td>5,057</td></tr><tr><td>Guaranteed loans (World War II).</td><td></td><td></td><td></td></tr><tr><td>Housing and Home Finance Administrator:</td><td></td><td></td><td></td></tr><tr><td>Revolving fund (liquidating programs).</td><td>5,407</td><td>5,407</td><td>-</td></tr><tr><td>Inland Waterways Corporation.</td><td>8,156</td><td>8,156</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation (in liquidation).</td><td>101,915</td><td>101,915</td><td>-</td></tr><tr><td>Small Business Administration.</td><td>31,028</td><td>31,028</td><td>-</td></tr><tr><td>Smaller War Plants Corporation (in liquidation).</td><td>1,005</td><td>1,005</td><td>-</td></tr><tr><td>Treasury Department:</td><td>2,032</td><td>2,032</td><td>-</td></tr><tr><td>Civil defense loans.</td><td></td><td></td><td></td></tr><tr><td>Miscellaneous loans and certain other assets.</td><td>27,546</td><td>-</td><td>27,546</td></tr><tr><td>Virgin Islands Corporation.</td><td>17</td><td>17</td><td>-</td></tr><tr><td>Total to aid industry.</td><td>593,371</td><td>365,850</td><td>227,521</td></tr></table>
Footnote at end of table.
(Continued on following page)
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Treasury Bulletin
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Table 6.- Gross Loans Outstanding, Excluding Interagency Loans, March 31, 1956, Classified by Type of Loan - (Continued) (In thousands of dollars)
<table><tr><th>Type of loan and lending agency</th><th>Total</th><th>Public enterprise funds and intragovernmental funds</th><th>Certain other activities</th></tr><tr><td>To aid States, Territories, etc.:</td><td></td><td></td><td></td></tr><tr><td>General Services Administration:</td><td></td><td></td><td></td></tr><tr><td>Public Works Administration (in liquidation)</td><td>83,494</td><td>-</td><td>83,494</td></tr><tr><td>Revolving fund (liquidating programs)</td><td>4,451</td><td>4,451</td><td>-</td></tr><tr><td>Bowing and Home Finance Administrator:</td><td>38,064</td><td>38,064</td><td>-</td></tr><tr><td>Urban renewal fund</td><td>33</td><td>33</td><td>-</td></tr><tr><td>Inland Waterways Corporation</td><td>105,606</td><td>105,606</td><td>-</td></tr><tr><td>Public Housing Administration</td><td>5,643</td><td>5,643</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation (in liquidation)</td><td>2,084</td><td>-</td><td>2,084</td></tr><tr><td>Treasury Department:</td><td></td><td></td><td></td></tr><tr><td>Miscellaneous loans and certain other assets</td><td>239,375</td><td>153,797</td><td>85,578</td></tr><tr><td>Total to aid States, Territories, etc.</td><td></td><td></td><td></td></tr><tr><td>To aid financial institutions:</td><td></td><td></td><td></td></tr><tr><td>Loans to banks:</td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation (in liquidation)</td><td>4,927</td><td>4,927</td><td>-</td></tr><tr><td>Foreign loans:</td><td></td><td></td><td></td></tr><tr><td>Guaranteed loans held by lending agencies:</td><td></td><td></td><td></td></tr><tr><td>Export-Import Bank of Washington</td><td>43,653</td><td>43,653</td><td>-</td></tr><tr><td>Other loans:</td><td></td><td></td><td></td></tr><tr><td>Defense production expansion:</td><td></td><td></td><td></td></tr><tr><td>Export-Import Bank of Washington</td><td>28,449</td><td>28,449</td><td>-</td></tr><tr><td>Other purposes:</td><td></td><td></td><td></td></tr><tr><td>Commerce Department:</td><td></td><td></td><td></td></tr><tr><td>Regular maritime activities</td><td>58,136</td><td>-</td><td>58,136</td></tr><tr><td>Export-Import Bank of Washington:</td><td></td><td></td><td></td></tr><tr><td>Regular lending activities</td><td>2,591,294</td><td>2,591,294</td><td>-</td></tr><tr><td>Liquidation of certain RFC assets</td><td>33,196</td><td>33,196</td><td>-</td></tr><tr><td>International Cooperation Administration</td><td>1,831,702</td><td>-</td><td>1,831,702</td></tr><tr><td>Treasury Department:</td><td></td><td></td><td></td></tr><tr><td>Miscellaneous loans and certain other assets</td><td>3,519,272</td><td>-</td><td>3,519,272</td></tr><tr><td>Total foreign loans</td><td>8,105,702</td><td>2,696,592</td><td>5,409,110</td></tr><tr><td>Other loans:</td><td></td><td></td><td></td></tr><tr><td>Federal National Mortgage Association:</td><td></td><td></td><td></td></tr><tr><td>Management and liquidating functions</td><td>261</td><td>261</td><td>-</td></tr><tr><td>Health, Education, and Welfare Department:</td><td></td><td></td><td></td></tr><tr><td>Office of Education:</td><td></td><td></td><td></td></tr><tr><td>Loans to students</td><td>606</td><td>-</td><td>606</td></tr><tr><td>Housing and Home Finance Administrator:</td><td></td><td></td><td></td></tr><tr><td>College housing loans</td><td>99,158</td><td>99,158</td><td>-</td></
1/ Includes certificates of interest.
August 1956
91
FINANCIAL STATEMENTS OF BUSINESS-TYPE ACTIVITIES
Footnotes to Table 2
1/ Discharge of investment guarantee liabilities.
2/ Administrative expenses, foreign aid procurements.
3/ Rental, maintenance, and repair of quarters.
4/ Soldiers' and sailors' civil relief.
5/ Service-disabled veterans' insurance fund.
6/ Includes $43,653 thousand guaranteed loans held by lending agencies.
7/ Represents net accountability of the United States Government in certain assets and liabilities transferred from the Reconstruction Finance Corporation, effective July 1, 1954.
8/ Operation of commissaries, narcotic hospitals.
9/ Farm labor supply revolving fund.
10/ Working capital fund.
11/ Offices of the Secretary, working capital fund.
12/ Includes guaranteed loans and certificates of interest aggregating $1,053,264 thousand which are held by lending agencies.
13/ Continuing fund for emergency expenses, Fort Peck project, Montana.
14/ Development and operation of helium properties.
15/ Includes net accrued interest of $974 thousand on investment in power facilities.
16/ Consists of net Income from power operations of $345,892 thousand and net expense of nonrevenue-producing programs of $164,351 thousand.
17/ Corps of Engineers revolving fund.
18/ Federal ship mortgage insurance fund.
19/ Revolving fund.
20/ United States Coast Guard.
21/ Public facility loans, payments to revolving fund and operations.
22/ Includes revolving fund for air carrier advances.
23/ Management and liquidating functions.
24/ Represents unrealized purchase discounts.
25/ Includes assets transferred to municipalities and Government agencies.
26/ Abaca fiber program.
27/ Office of Territories, Alaska railroad revolving fund.
28/ Represents invested and donated capital.
29/ Represents net investment of the United States Government transferred from the Reconstruction Finance Corporation, effective July 1, 1954.
30/ The surplus is considered by the Corporation as available for future insurance losses and related expenses with respect to insured institutions.
31/ This Corporation is in liquidation.
32/ Social Security Administration, Bureau of Federal Credit Unions operating fund.
33/ Civil defense procurement fund.
34/ Civil defense loan program.
35/ Liquidation of Reconstruction Finance Corporation disaster loans.
36/ Costs of maintenance, repair, etc., of improvements, public buildings.
37/ Maintenance, etc., Lafayette Building, Washington, D. C., public buildings.
38/ Trust Territory of the Pacific Islands, loans to private trading enterprises.
39/ Includes $5,050 thousand advanced from a revolving fund which has been established by appropriations.
* Less than $500.
Footnotes to Table 3
1/ Guaranteed loans (World War II).
2/ Office of Education, loans to students.
3/ General Services Administration, Public Works Administration (in liquidation).
4/ Includes stock of the International Bank for Reconstruction and Development amounting to $635,000 thousand and subscription to the International Monetary Fund amounting to $2,750,000 thousand.
5/ Includes $1,000,000 thousand due under the agreement with Germany signed February 27, 1953, and land-lease and surplus property
6/ Includes loan to the United Kingdom amounting to $3,519,272 thousand.
7/ Includes vessels owned and under construction.
8/ Represents expended appropriations and accumulated net income or deficit. Figures representing each of the two amounts are not available at this time.
* Less than $500.
92
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
September 1955 through August 1956
<table><tr><th></th><th colspan="5">1955</th><th colspan="8">Issue and page number</th></tr><tr><th></th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Articles:</td><td></td><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><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations.</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal sources.</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures by major functions.</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>...</td><td>...</td></tr><tr><td>Expenditures for major national security.</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>4</td><td>4</td><td>4</td><td>4</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Expenditures for international affairs and finance.</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</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>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>4</td></tr><tr><td>Expenditures by agencies.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>3</td></tr><tr><td>Expenditures by functions, fiscal years 1953 to date.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>3</td></tr><tr><td>Trust account and other transactions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of trust account and other transactions.</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>6</td></tr><tr><td>Trust account receipts.</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>6</td></tr><tr><td>Trust and deposit fund account expenditures.</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>7</td></tr><tr><td>Net investment by Government agencies in public debt securities.</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>8</td></tr><tr><td>Net redemption or sale of obligations of Government agencies in the market.</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>9</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>9</td><td>...</td><td>...</td><td>9</td><td>...</td><td>...</td><td>...</td><td>10</td></tr><tr><td>Unemployment Trust Fund.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>10</td><td>...</td><td>...</td><td>10</td><td>...</td><td>...</td><td>...</td><td>11</td></tr><tr><td>Railroad Retirement Account.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>...</td><td>12</td></tr><tr><td>National Service Life Insurance Fund.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>...</td><td>12</td></tr><tr><td>Investments of specified trust accounts in public debt securities, by issues (latest date June 30, 1956).</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>...</td><td>13</td></tr><tr><td>Cash income and outgo:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Headnote.</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>13</td><td>9</td><td>9</td><td>13</td><td>9</td><td>9</td><td>14</td><td></td></tr><tr><td>Derivation of cash deposits.</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Derivation of cash withdrawals.</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Derivation of cash borrowing or repayment of borrowing.</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>10</td><td>10</td><td>14</td><td>10</td><td>10</td><td>15</td><td>15</td></tr><tr><td>Summary of Federal Government cash transactions with the public.</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>14</td><td>10</td><td>10</td><td>14</td><td>10</td><td>10</td><td>15</td><td>15</td></tr><tr><td>Summary of cash transactions through Treasurer's account.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>15</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>16</td><td></td></tr><tr><td>Derivation of Federal receipts from the public, and reconciliation to cash deposits in Treasurer's account.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>15</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>16</td><td></td></tr><tr><td>Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's account.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>16</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>17</td><td></td></tr><tr><td>Intragovernmental transactions.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>16</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>17</td><td></td></tr><tr><td>Accrued interest and other noncash expenditures.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>18</td><td></td></tr><tr><td>Derivation of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>18</td><td></td></tr><tr><td>Debt outstanding and Treasurer's account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of Federal securities.</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>19</td><td>15</td><td>15</td><td>19</td><td>15</td><td>15</td><td>20</td><td></td></tr><tr><td>Interest-bearing public debt.</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>19</td><td>15</td><td>15</td><td>19</td><td>15</td><td>15</td><td>20</td><td></td></tr><tr><td>Special issues to U. S. Government investment accounts.</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>21</td><td></td></tr><tr><td>Computed interest charge and rate on Federal securities.</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>21</td><td></td></tr><tr><td>Treasury holdings of securities issued by Government agencies.</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>21</td><td>17</td><td>17</td><td>21</td><td>17</td><td>17</td><td>22</td><td></td></tr><tr><td>Status of the account of the Treasurer of the United States.</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>23</td><td></td></tr><tr><td>Statutory debt limitation.</td><td>19</td><td>19</td><td>19</td><td>19</td><td>19</td><td>23</td><td>19</td><td>19</td><td>23</td><td>19</td><td>19</td><td>24</td><td></td></tr><tr><td>Debt operations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities issued by the U. S. Government.</td><td>20</td><td>20</td><td>20</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>25</td><td></td></tr><tr><td>Offerings of Treasury bills.</td><td>22</td><td>22</td><td>22</td><td>22</td><td>22</td><td>26</td><td>22</td><td>22</td><td>26</td><td>22</td><td>22</td><td>27</td><td></td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness.</td><td>23</td><td>23</td><td>23</td><td>23</td><td>23</td><td>27</td><td>23</td><td>23</td><td>27</td><td>23</td><td>23</td><td>28</td><td></td></tr><tr><td>Allocations by investor classes on subscriptions for marketable issues of Treasury bonds, notes, and certificates of indebtedness.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>25</td><td>29</td><td>25</td><td>25</td><td>30</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness.</td><td>24</td><td>24</td><td>24</td><td>24</td><td>24</td><td>28</td><td>25</td><td>26</td><td>30</td><td>26</td><td>26</td><td>31</td><td></td></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series.</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>30</td><td>27</td><td>28</td><td>32</td><td>28</td><td>28</td><td>33</td><td></td></tr><tr><td>Sales and redemptions by period, all series combined.</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>30</td><td>27</td><td>28</td><td>32</td><td>28</td><td>28</td><td>33</td><td></td></tr><tr><td>Sales and redemptions by periods, Series E through K.</td><td>27</td><td>27</td><td>27</td><td>27</td><td>27</td><td>31</td><td>28</td><td>29</td><td>33</td><td>29</td><td>29</td><td>34</td><td></td></tr><tr><td>Redemptions of matured and unmatured bonds.</td><td>29</td><td>29</td><td>29</td><td>29</td><td>29</td><td>33</td><td>30</td><td>31</td><td>35</td><td>31</td><td>31</td><td>36</td><td></td></tr><tr><td>Sales and redemptions by denominations, Series E and H combined.</td><td>...</td><td>...</td><td>30</td><td>...</td><td>...</td><td>34</td><td>...</td><td>...</td><td>36</td><td>...</td><td>...</td><td>37</td><td></td></tr><tr><td>Sales by States, Series E and H combined.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>35</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>38</td><td></td></tr><tr><td>Treasury savings notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series.</td><td>30</td><td>30</td><td>31</td><td>30</td><td>30</td><td>36</td><td>31</td><td>32</td><td>37</td><td>32</td><td>32</td><td>39</td><td></td></tr><tr><td>Sales and redemptions by periods, all series combined.</td><td>30</td><td>30</td><td>31</td><td>30</td><td>30</td><td>36</td><td>31</td><td>32</td><td>37</td><td>32</td><td>32</td><td>39</td><td></td></tr></table>
(Continued on following page)
August 1956
93
CUMULATIVE TABLE OF CONTENTS
September 1955 through August 1956 - (Continued)
<table><tr><th></th><th colspan="6">1955</th><th colspan="7">1956</th></tr><tr><th></th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Ownership of Federal securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution by classes of investors and types of issues.</td><td>31</td><td>31</td><td>32</td><td>31</td><td>31</td><td>37</td><td>32</td><td>33</td><td>38</td><td>33</td><td>33</td><td>40</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury.</td><td>31</td><td>31</td><td>32</td><td>31</td><td>31</td><td>37</td><td>32</td><td>33</td><td>38</td><td>33</td><td>33</td><td>40</td></tr><tr><td>Estimated ownership.</td><td>32</td><td>32</td><td>33</td><td>32</td><td>32</td><td>38</td><td>33</td><td>34</td><td>39</td><td>34</td><td>34</td><td>41</td></tr><tr><td>Treasury survey of ownership of Federal securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Ownership by banks, insurance companies, and others.</td><td>33</td><td>33</td><td>34</td><td>33</td><td>33</td><td>39</td><td>34</td><td>35</td><td>40</td><td>35</td><td>35</td><td>42</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date December 31, 1955).</td><td>37</td><td></td><td></td><td></td><td></td><td></td><td>38</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Market quotations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues.</td><td>41</td><td>37</td><td>38</td><td>37</td><td>37</td><td>43</td><td>42</td><td>39</td><td>44</td><td>39</td><td>39</td><td>46</td></tr><tr><td>Chart - Yields of Treasury securities.</td><td>43</td><td>39</td><td>40</td><td>39</td><td>39</td><td>45</td><td>44</td><td>41</td><td>46</td><td>41</td><td>41</td><td>48</td></tr><tr><td>Average yields of long-term bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by periods.</td><td>44</td><td>40</td><td>41</td><td>40</td><td>40</td><td>46</td><td>45</td><td>42</td><td>47</td><td>42</td><td>42</td><td>49</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds.</td><td>45</td><td>41</td><td>42</td><td>41</td><td>41</td><td>47</td><td>46</td><td>43</td><td>48</td><td>43</td><td>43</td><td>50</td></tr><tr><td>Internal revenue collections:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by principal sources.</td><td>46</td><td>42</td><td>43</td><td>42</td><td>42</td><td>48</td><td>47</td><td>44</td><td>49</td><td>44</td><td>44</td><td>51</td></tr><tr><td>Chart - Internal revenue collections by principal sources.</td><td>47</td><td>43</td><td>44</td><td>43</td><td>43</td><td>49</td><td>48</td><td>45</td><td>50</td><td>45</td><td>45</td><td>52</td></tr><tr><td>Detail of collections by type of tax.</td><td>48</td><td></td><td></td><td>44</td><td>44</td><td>50</td><td>49</td><td>46</td><td>51</td><td>46</td><td>46</td><td>53</td></tr><tr><td>Detail of specified excise tax collections reported quarterly.</td><td></td><td></td><td></td><td>45</td><td></td><td></td><td>50</td><td></td><td></td><td>47</td><td></td><td></td></tr><tr><td>Monetary statistics:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Money in circulation.</td><td>50</td><td>44</td><td>45</td><td>46</td><td>45</td><td>51</td><td>51</td><td>47</td><td>52</td><td>48</td><td>47</td><td>54</td></tr><tr><td>Monetary stocks of gold and silver.</td><td>51</td><td>45</td><td>46</td><td>47</td><td>46</td><td>52</td><td>52</td><td>48</td><td>53</td><td>49</td><td>48</td><td>55</td></tr><tr><td>Gold assets and liabilities of the Treasury.</td><td>51</td><td>45</td><td>46</td><td>47</td><td>46</td><td>52</td><td>52</td><td>48</td><td>53</td><td>49</td><td>48</td><td>55</td></tr><tr><td>Components of silver monetary stock.</td><td>52</td><td>46</td><td>47</td><td>48</td><td>47</td><td>53</td><td>53</td><td>49</td><td>54</td><td>50</td><td>49</td><td>56</td></tr><tr><td>Seigniorage on silver.</td><td>53</td><td>47</td><td>48</td><td>49</td><td>48</td><td>54</td><td>54</td><td>50</td><td>55</td><td>51</td><td>50</td><td>57</td></tr><tr><td>Increment from reduction in weight of gold dollar (latest date June 30, 1956).</td><td></td><td></td><td></td><td>49</td><td></td><td>54</td><td></td><td></td><td>55</td><td></td><td></td><td>57</td></tr><tr><td>Exchange Stabilization Fund (lates date March 31, 1956):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance sheet.</td><td></td><td></td><td>49</td><td></td><td></td><td>55</td><td></td><td></td><td>56</td><td></td><td></td><td>58</td></tr><tr><td>Income and expense.</td><td></td><td></td><td>50</td><td></td><td></td><td>56</td><td></td><td></td><td>57</td><td></td><td></td><td>59</td></tr><tr><td>National bank reports:</td><td></td><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>Earnings, expenses, and dividends for calendar years 1953-55.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>51</td><td></td></tr><tr><td>Capital movements between the United States and foreign countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Headnote.</td><td>54</td><td>48</td><td>51</td><td>50</td><td>49</td><td>57</td><td>55</td><td>51</td><td>58</td><td>52</td><td>52</td><td>60</td></tr><tr><td>Summary by periods since 1935.</td><td>54</td><td>48</td><td>51</td><td>50</td><td>49</td><td>57</td><td>56</td><td>51</td><td>58</td><td>52</td><td>52</td><td>60</td></tr><tr><td>Summary by countries and periods.</td><td>57</td><td>51</td><td>54</td><td>53</td><td>52</td><td>60</td><td>58</td><td>54</td><td>61</td><td>55</td><td>55</td><td>63</td></tr><tr><td>Short-term banking liabilities to foreigners, latest month.</td><td>61</td><td>55</td><td>58</td><td>57</td><td>56</td><td>64</td><td>62</td><td>58</td><td>65</td><td>59</td><td>59</td><td>67</td></tr><tr><td>Short-term banking claims on foreigners, latest month.</td><td>62</td><td>56</td><td>59</td><td>58</td><td>57</td><td>65</td><td>63</td><td>59</td><td>66</td><td>60</td><td>60</td><td>68</td></tr><tr><td>Purchases and sales of long-term securities by foreigners, latest month.</td><td>63</td><td>57</td><td>60</td><td>59</td><td>58</td><td>66</td><td>64</td><td>60</td><td>67</td><td>61</td><td>61</td><td>69</td></tr><tr><td>Short-term liabilities and claims reported by nonfinancial concerns.</td><td></td><td>58</td><td></td><td></td><td>59</td><td></td><td></td><td>61</td><td></td><td>62</td><td></td><td></td></tr><tr><td>Long-term liabilities and claims reported by banks and bankers.</td><td>64</td><td></td><td></td><td>60</td><td></td><td></td><td>65</td><td></td><td></td><td>62</td><td></td><td></td></tr><tr><td>Estimated gold and short-term dollar resources of foreign countries and international institutions.</td><td>65</td><td></td><td></td><td>61</td><td></td><td></td><td>66</td><td></td><td></td><td>63</td><td></td><td></td></tr><tr><td>Foreign credit and debit balances in brokerage accounts.</td><td>66</td><td></td><td></td><td></td><td></td><td></td><td>68</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Short-term liabilities, countries and areas not regularly reported.</td><td></td><td></td><td></td><td></td><td></td><td></td><td>62</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corporations and certain other business-type activities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance sheets and loans by type (latest date December 31, 1955).</td><td></td><td>59</td><td></td><td></td><td>60</td><td></td><td>63</td><td></td><td></td><td>68</td><td></td><td></td></tr><tr><td>Income and expense (latest date December 31, 1955).</td><td></td><td></td><td>61</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Source and application of funds (latest date December 31, 1955).</td><td></td><td></td><td>69</td><td></td><td></td><td></td><td></td><td></td><td>76</td><td></td><td></td><td></td></tr><tr><td>Financial statements of business-type activities (March 31, 1956):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>70</td></tr><tr><td>Headnote.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>71</td></tr><tr><td>Summary of financial condition of specified activities.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>72</td></tr><tr><td>Financial condition of public enterprise and intragovernmental funds.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>86</td></tr><tr><td>Financial condition of certain other activities.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>87</td></tr><tr><td>Financial condition of certain deposit funds.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>88</td></tr><tr><td>Financial condition of certain trust revolving funds.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>89</td></tr><tr><td>Gross loans outstanding, classified by type of loan.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
GPO 393677
cwpqy 1
Treas. U.S. Treasury Dept.
HJ
10
A2
1956
c.2
Treasury Bulletin
U.S. TREASURY LIBRARY
1 0031992