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TREASURY DEPARTMENT
TREASURY
of BULLETIN
MAY-1958
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
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May 1958
Table of Contents
<table><tr><th></th><th>Page</th></tr><tr><td>Treasury financing operations</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td></tr><tr><td>Budget receipts and expenditures</td><td>2</td></tr><tr><td>Trust account and other transactions</td><td>6</td></tr><tr><td>Cash income and outgo</td><td>14</td></tr><tr><td>Account of the Treasurer of the United States</td><td>20</td></tr><tr><td>Debt outstanding</td><td>22</td></tr><tr><td>Statutory debt limitation</td><td>25</td></tr><tr><td>Debt operations</td><td>26</td></tr><tr><td>United States savings bonds</td><td>38</td></tr><tr><td>Ownership of Federal securities</td><td>43</td></tr><tr><td>Treasury survey of ownership of Federal securities</td><td>45</td></tr><tr><td>Market quotations on Treasury securities</td><td>49</td></tr><tr><td>Average yields of long-term bonds</td><td>52</td></tr><tr><td>Internal revenue collections</td><td>54</td></tr><tr><td>Monetary statistics</td><td>56</td></tr><tr><td>Exchange Stabilization Fund</td><td>60</td></tr><tr><td>Capital movements</td><td>62</td></tr><tr><td>Corporations and certain other business-type activities - income and expense, and source and application of funds</td><td>72</td></tr><tr><td>Cumulative table of contents</td><td>111</td></tr></table>
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown.
II
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear in the "Treasury Bulletin" are based largely on two Treasury financial reports, the "Daily Statement of the United States Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least in part on the "Circulation Statement of United States Money." Where these statements are given as sources for individual tables, they are cited by name only. Their respective reporting bases are described below. For other data in the Bulletin, information on sources or reporting bases is given in connection with the tables themselves.
The monthly statement of receipts and expenditures was first published for February 1954, and replaced the daily statement as the primary source of information on budget results and other receipt and expenditure data classified by type of account. At the same time, the daily statement was changed to a statement of cash deposits and withdrawals affecting the amount of the Treasurer of the United States. Both publications have provided comparative figures on their respective bases from the beginning of the fiscal year 1953. The announcement of February 17, 1954, with respect to these reporting changes may be found in the April 1954 issue of the Bulletin.
The monthly statement shows all receipts and expenditures of the Government, including those made from cash accounts held outside the United States Treasury. The information is compiled from reports by the Treasurer of the United States and by all other collecting and disbursing agencies, including those agencies which maintain checking accounts in commercial banks. These reports cover transactions recorded in the accounts of the agencies during the reporting period. The net of the transactions as compiled from these reports is reconciled in the monthly statement to changes in the balance in the Treasurer's account and in cash held outside the Treasurer's account and changes in the public debt outstanding.
Receipts of taxes and customs duties are reported on a collections basis. Other receipts are reported partially on a collections basis and partially on a deprecate basis. Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made by disbursing officers. Transactions of an interfund or intragovernmental nature are included on the same basis even though the actual issuance of checks may not be involved. Interest on the public debt is included on an accrual basis beginning with figures for June 1955 and the fiscal year 1955. Prior to that, it was included on a due and payable basis. The same reporting basis as that in the monthly statement provides the fiscal year figures for the Treasury's "Combined Statement of Receipts, Expenditures and Balances of the United States Government" and for actual receipts and expenditures in the "Budget of the United States Government."
The daily statement on the new basis was first issued for February 17, 1954. In the deposits and withdrawals as shown, no distinction is made as to the type of accounts (budget, trust, etc.). The deposits are on the basis of certificates of deposit cleared through the account of the Treasurer of the United States. Total withdrawals are on the basis of checks paid or cash disbursements made out of the Treasurer's account. Some of the withdrawal classifications shown are reported on the basis of mailed reports of checks lecued and are adjusted by means of clearing accounts to the total of checks paid. Except for relatively minor amounts, noncash interfund and other inter-governmental transactions are excluded. The public debt figures in the daily statement also are on a "clearance" basis, with the exception of those lecuanse and retirement transactions reported on the basis of telegrams from Federal Reserve Banks. Noncash debt transactions are included, however.
The daily statement before February 17, 1954, covered not only transactions cleared through the Treasurer's account but also certain Government agency transactions which were handled through commercial bank accounts, and included noncash interfund and other intragovernmental transactions. It provided information similar to that in the present daily statement with respect to the status of the Treasurer's account, and similar to that in the present end-of-month daily statement with respect to debt issuance, retirement, and amount outstanding. Receipts and expenditures, however, were classified by type of account, and the budget results shown in the daily statement were used as the basis for reflecting the results under the President's budget program as enacted by the Congress.
Receipts were on the basis of deposits as they cleared the Treasurer's account. Expenditures cleared through the Treasurer's account were reported on two successive bases. Through 1946 they were on the basis of checks paid by the Treasurer of the United States. Beginning with 1947, expenditures made through the facilities of the Treasury Department's Division of Disbursement were on the basis of checks issued, while certain others, principally those of the Department of Defense and its predecessor organizations, were on the basis of checks paid. Transactions handled through commercial bank accounts, consisting of market transactions in public debt and guaranteed securities, were as reported by the agencies. Interest on the public debt was included on a due and payable basis beginning with November 1949 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the Treasurer's account which affect monetary stocks of gold and silver and the amounts of coin and currency in the money supply of the country. It is issued later than the daily statement, however, and the figures are based on transactions consummated during the reporting period even though some may not have cleared the Treasurer's account during that period.
May 1958
A-1
Treasury Financing Operations
91-Day Bills Refunded
New issues of 91-day Treasury bills in April totaled $6.8 billion and refunded equivalent weekly maturities of $1.7 billion each. Average rates of discount on the new issues were 1.148 percent for April 3; 1.074 percent for April 10; 1.226 percent for April 17; and 1.055 percent for April 24.
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the "Treasury Bulletin," in the tables on "Offerings," "Allotments," and "Disposition," respectively, of marketable issues of bonds, notes, and certificates of indebtedness, and in the table "Offerings of Treasury Bills."
May 1958
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
<table><tr><th>Period</th><th colspan="3">Budget receipts and expenditures</th><th>Net of trust account and other transactions</th><th>Net increase in account, etc. 1/</th><th>Net increase in Treasurer's account, or decrease (-)</th><th>Treasurer's account balance</th><th colspan="3">Levels, end of period</th></tr><tr><th></th><th>Net receipts 1/</th><th>Expenditures 2/</th><th>Surplus, or deficit (-) 2/</th><th>2/ 3/</th><th>in public debt, or decrease (-)</th><th></th><th></th><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Subject to limitation 2/</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1946</td><td>39,771</td><td>60,448</td><td>-20,676</td><td>-524</td><td>-10,740</td><td>-10,460</td><td>14,238</td><td>269,422</td><td>476</td><td>269,898</td><td>268,938</td></tr><tr><td>1947</td><td>39,786</td><td>39,032</td><td>754</td><td>-1,103</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>-5,994</td><td>1,624</td><td>4,932</td><td>258,292</td><td>73</td><td>258,366</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>-1,462</td><td>3,470</td><td>258,770</td><td>27</td><td>258,798</td><td>252,028</td></tr><tr><td>1950</td><td>36,499</td><td>39,617</td><td>-3,122</td><td>99</td><td>4,587</td><td>2,047</td><td>5,517</td><td>257,357</td><td>20</td><td>257,377</td><td>256,652</td></tr><tr><td>1951</td><td>47,568</td><td>44,058</td><td>3,510</td><td>679</td><td>-214</td><td>1,839</td><td>7,337</td><td>255,222</td><td>29</td><td>255,251</td><td>254,567</td></tr><tr><td>1952</td><td>61,332</td><td>65,408</td><td>-4,017</td><td>147</td><td>-401</td><td>-388</td><td>6,969</td><td>259,105</td><td>46</td><td>259,151</td><td>258,507</td></tr><tr><td>1953</td><td>64,825</td><td>74,274</td><td>-9,449</td><td>435</td><td>-250</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>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>204</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</td><td>68,165</td><td>66,540</td><td>1,626</td><td>-194</td><td>522</td><td>-1,623</td><td>6,546</td><td>272,751</td><td>74</td><td>272,825</td><td>272,361</td></tr><tr><td>1957</td><td>71,089</td><td>69,433</td><td>1,596</td><td>195</td><td>-523</td><td>-2,224</td><td>5,590</td><td>270,527</td><td>107</td><td>270,634</td><td>270,188</td></tr><tr><td>1958 (Est.)</td><td>72,400</td><td>72,788</td><td>-388</td><td>183</td><td>-59</td><td>673</td><td>6,000</td><td>271,200</td><td>116</td><td>271,316</td><td>270,886</td></tr><tr><td>1959 (Est.)</td><td>74,400</td><td>73,934</td><td>466</td><td>-560</td><td>94</td><td>-</td><td>6,000</td><td>271,200</td><td>107</td><td>271,307</td><td>270,897</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>3,502</td><td>259,119</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>3,097</td><td>256,900</td><td>81</td><td>256,981</td><td>256,127</td></tr><tr><td>1948</td><td>40,864</td><td>35,623</td><td>5,241</td><td>-229</td><td>199</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>31,106</td><td>-5,392</td><td>-502</td><td>234</td><td>4,331</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>37,306</td><td>37,728</td><td>-422</td><td>311</td><td>87</td><td>-447</td><td>4,232</td><td>256,708</td><td>24</td><td>256,731</td><td>256,066</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>-771</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td><td>258,734</td></tr><tr><td>1952</td><td>54,980</td><td>70,682</td><td>-5,802</td><td>-41</td><td>-319</td><td>7,973</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>63,081</td><td>72,997</td><td>-9,157</td><td>101</td><td>-209</td><td>7,177</td><td>4,577</td><td>275,168</td><td>76</td><td>275,244</td><td>274,671</td></tr><tr><td>1954</td><td>61,172</td><td>64,854</td><td>-3,683</td><td>739</td><td>-34</td><td>3,582</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>4,545</td><td>280,769</td><td>53</td><td>280,822</td><td>280,348</td></tr><tr><td>1956</td><td>70,994</td><td>67,216</td><td>3,779</td><td>267</td><td>-21</td><td>-4,141</td><td>4,427</td><td>276,628</td><td>103</td><td>276,731</td><td>276,276</td></tr><tr><td>1957</td><td>72,284</td><td>71,692</td><td>592</td><td>1,092</td><td>224</td><td>-1,730</td><td>4,606</td><td>274,898</td><td>104</td><td>275,002</td><td>274,564</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1956 July</td><td>3,485</td><td>5,542</td><td>-2,057</td><td>-172</td><td>-34</td><td>-105</td><td>4,178</td><td>272,645</td><td>74</td><td>272,719</td><td>272,257</td></tr><tr><td>August</td><td>4,954</td><td>5,902</td><td>-948</td><td>26</td><td>22</td><td>2,919</td><td>6,197</td><td>275,565</td><td>79</td><td>275,644</td><td>275,183</td></tr><tr><td>September</td><td>6,218</td><td>4,918</td><td>1,300</td><td>107</td><td>146</td><td>-1,304</td><td>6,445</td><td>274,261</td><td>85</td><td>274,346</td><td>273,886</td></tr><tr><td>October</td><td>3,166</td><td>5,995</td><td>-2,812</td><td>-62</td><td>110</td><td>1,022</td><td>4,704</td><td>275,283</td><td>89</td><td>275,372</td><td>274,915</td></tr><tr><td>November</td><td>4,818</td><td>5,726</td><td>-908</td><td>*</td><td>248</td><td>1,734</td><td>5,778</td><td>277,017</td><td>94</td><td>277,111</td><td>276,659</td></tr><tr><td>December</td><td>5,432</td><td>5,718</td><td>-307</td><td>266</td><td>-920</td><td>-389</td><td>4,427</td><td>276,628</td><td>103</td><td>276,731</td><td>276,276</td></tr><tr><td>1957 January</td><td>4,809</td><td>6,095</td><td>-1,286</td><td>116</td><td>407</td><td>-399</td><td>3,265</td><td>276,229</td><td>107</td><td>276,335</td><td>275,882</td></tr><tr><td>February</td><td>6,188</td><td>5,743</td><td>446</td><td>229</td><td>-131</td><td>40</td><td>3,849</td><td>276,269</td><td>109</td><td>276,378</td><td>275,926</td></tr><tr><td>March</td><td>10,737</td><td>9,584</td><td>5,153</td><td>-222</td><td>163</td><td>-1,271</td><td>7,673</td><td>274,993</td><td>109</td><td>275,108</td><td>274,657</td></tr><tr><td>April</td><td>4,256</td><td>5,987</td><td>-1,731</td><td>247</td><td>333</td><td>-291</td><td>5,532</td><td>274,008</td><td>103</td><td>274,111</td><td>273,662</td></tr><tr><td>May</td><td>5,282</td><td>5,944</td><td>-662</td><td>-325</td><td>70</td><td>1,226</td><td>5,840</td><td>275,234</td><td>103</td><td>275,337</td><td>274,889</td></tr><tr><td>June</td><td>11,688</td><td>6,279</td><td>5,409</td><td>-15</td><td>-938</td><td>-4,707</td><td>5,590</td><td>270,527</td><td>107</td><td>270,634</td><td>270,188</td></tr><tr><td>July</td><td>3,057</td><td>6,347</td><td>-3,290</td><td>-19</td><td>253</td><td>1,942</td><td>4,475</td><td>272,469</td><td>107</td><td>272,575</td><td>272,131</td></tr><tr><td>August</td><td>5,128</td><td>5,930</td><td>-802</td><td>96</td><td>-247</td><td>1,376</td><td>4,898</td><td>273,845</td><td>109</td><td>273,954</td><td>273,511</td></tr><tr><td>September</td><td>7,225</td><td>5,667</td><td>1,559</td><td>162</td><td>149</td><td>567</td><td>7,335</td><td>274,412</td><td>115</td><td>274,527</td><td>274,085</td></tr><tr><td>October</td><td>3,131</td><td>6,501</td><td>-3,370</td><td>333</td><td>354</td><td>-345</td><td>4,307</td><td>274,067</td><td>103</td><td>274,170</td><td>273,730</td></tr><tr><td>November</td><td>4,827</td><td>5,806</td><td>-979</td><td>442</td><td>415</td><td>679</td><td>4,865</td><td>274,747</td><td>104</td><td>274,850</td><td>274,411</td></tr><tr><td>December</td><td>5,956</td><td>5,809</td><td>147</td><td>48</td><td>-604</td><td>151</td><td>4,606</td><td>274,898</td><td>104</td><td>275,002</td><td>274,564</td></tr><tr><td>1958 January</td><td>4,786</td><td>6,011</td><td>-1,225</td><td>-65</td><td>533</td><td>-343</td><td>3,505</td><td>274,555</td><td>101</td><td>274,656</td><td>274,219</td></tr><tr><td>February</td><td>6,299</td><td>5,528</td><td>771</td><td>338</td><td>-344</td><td>124</td><td>4,394</td><td>274,679</td><td>103</td><td>274,782</td><td>274,346</td></tr><tr><td>March</td><td>9,501</td><td>5,749</td><td>3,753</td><td>-273</td><td>257</td><td>-2,055</td><td>6,076</td><td>272,624</td><td>104</td><td>272,728</td><td>272,294</td></tr></table>
Source: Actual figures through the fiscal year 1952 and the calendar year 1953 are from the daily Treasury statement, and thereafter in each case they are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page 11); estimates are from the 1959 Budget document, released January 3, 1959, including the effects of proposed legislation. More detailed information with respect to the figures on this page will be found in succeeding tables.
1/ Gross receipts less transfers of tax receipts to certain trust funds (see page 2), and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under section 111 of the Economic Cooperation Act of 1948 (26 Stat. 150), are consolidated with budget expenditures.
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; excess of receipts, or expenditures (-). For detail of content, see page 6.
4/ For checks outstanding and telegraphic reports from Federal Reserve
Banking beginning with 1947; public debt interest accrued and unpaid beginning with June and the fiscal year 1955 (previously included from November 1949 as interest checks and coupons outstanding); also deposits in transit and changes in cash held outside the Treasury; and in certain other accounts beginning with the fiscal year 1954. Net increase, or decrease (-). 
2/ 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: April 1, 1945, $100 billion; June 20, 1946, $275 billion; August 1, 1954, $252 billion; July 1, 1956, $275 billion; July 1, 1957, $275 billion; and February 26, 1958, $280 billion (temporary increase ending June 30, 1959). Guaranteed securities are included under the limitation beginning April 1, 1945. Savings bonds are included at current redemption value beginning June 26, 1946, and at maturity value prior to that time. In the debt outstanding, savings bonds are carried at current redemption value. 
* Less than $500,000.
2
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Corporation 2/</th><th colspan="3">Income and profits taxes</th><th colspan="5">Internal revenue 1/</th><th rowspan="2">Taxes not otherwise classified 2/</th><th rowspan="2">Total internal revenue 1/</th></tr><tr><th>Individual Not withheld 2/ 3/</th><th>Withheld 3/</th><th>Total income and profit</th><th>For old-age and disability insurance 3/ 4/</th><th>For railroad re-tirement 2/</th><th>For unemployment insurance 6/</th><th>Total employment 7/</th><th>Estate and gift taxes 2/</th><th>Excise taxes 2/</th></tr><tr><td>1950</td><td>18,189</td><td></td><td>10,073</td><td>28,263</td><td>2,105</td><td>550</td><td>226</td><td>2,883</td><td></td><td>8,303</td><td>39,449</td></tr><tr><td>1951</td><td>24,218</td><td></td><td>13,533</td><td>37,753</td><td>3,120</td><td>578</td><td>234</td><td>3,931</td><td>9,423</td><td>9,786</td><td>51,106</td></tr><tr><td>1952</td><td>32,826</td><td></td><td>18,521</td><td>51,347</td><td>3,569</td><td>735</td><td>259</td><td>4,562</td><td>10,025</td><td></td><td>65,635</td></tr><tr><td>1953</td><td>33,012</td><td></td><td>21,351</td><td>54,363</td><td>4,086</td><td>620</td><td>277</td><td>4,983</td><td></td><td>10,025</td><td>70,171</td></tr><tr><td>1954</td><td>21,523</td><td>10,747</td><td>21,635</td><td>53,306</td><td>4,537</td><td>503</td><td>285</td><td>5,425</td><td>945</td><td>10,014</td><td>9 8/ 70,300 8/</td></tr><tr><td>1955</td><td>18,265</td><td>10,395</td><td>21,254</td><td>49,213</td><td>5,340</td><td>600</td><td>280</td><td>6,220</td><td>936</td><td>9,211</td><td>7 5/ 66,289</td></tr><tr><td>1956</td><td>21,299</td><td>11,322 2/</td><td>24,012 2/</td><td>56,633</td><td>6,337 2/</td><td>634</td><td>325</td><td>7,296</td><td>1,171</td><td>10,004</td><td>15 75,109</td></tr><tr><td>1957</td><td>21,531</td><td>12,302</td><td>26,728</td><td>60,560</td><td>6,631</td><td>616</td><td>330</td><td>7,581</td><td>1,378</td><td>10,638 10/</td><td>15 80,172</td></tr><tr><td>1958 (Est.)</td><td>20,800</td><td>12,600</td><td>28,200</td><td>61,600</td><td>7,763</td><td>620</td><td>342</td><td>8,785</td><td>1,500</td><td>11,192</td><td>5 83,082</td></tr><tr><td>1959 (Est.)</td><td>20,815</td><td>12,900</td><td>29,400</td><td>63,115</td><td>7,988</td><td>685</td><td>350</td><td>8,963</td><td>1,589</td><td>11,633</td><td>5 85,301</td></tr><tr><td>1957-July</td><td>541</td><td>269</td><td>1,047</td><td>1,857</td><td>346</td><td>19</td><td>1</td><td>366</td><td>126</td><td>955</td><td>1 3,306</td></tr><tr><td>August</td><td>355</td><td>128</td><td>3,678</td><td>4,161</td><td>219</td><td>84</td><td>1</td><td>1,003</td><td>129</td><td>965</td><td>1 6,259</td></tr><tr><td>September</td><td>2,304</td><td>1,823</td><td>2,163</td><td>6,290</td><td>486</td><td>51</td><td>1</td><td>540</td><td>99</td><td>922</td><td>1 7,852</td></tr><tr><td>October</td><td>429</td><td>204</td><td>1,333</td><td>1,966</td><td>332</td><td>31</td><td>1</td><td>363</td><td>98</td><td>1,088</td><td>-1 3,518</td></tr><tr><td>November</td><td>367</td><td>97</td><td>1,125</td><td>1,880</td><td>611</td><td>69</td><td>1</td><td>740</td><td>93</td><td>840</td><td>-1 5,553</td></tr><tr><td>December</td><td>2,277</td><td>352</td><td>2,125</td><td>4,754</td><td>382</td><td>49</td><td>1</td><td>432</td><td>102</td><td>824</td><td>1 6,111</td></tr><tr><td>1958-January</td><td>486</td><td>2,053</td><td>981</td><td>3,519</td><td>313</td><td>19</td><td>53</td><td>385</td><td>112</td><td>892</td><td>1 4,910</td></tr><tr><td>February</td><td>406</td><td>788</td><td>3,953</td><td>5,147</td><td>555</td><td>78</td><td>269</td><td>1,302</td><td>105</td><td>864</td><td>2 7,621</td></tr><tr><td>March</td><td>6,938</td><td>658</td><td>2,000</td><td>9,196</td><td>636</td><td>43</td><td>5</td><td>680</td><td>213</td><td>860</td><td>1 10,879</td></tr><tr><td>1959 to date</td><td>13,703</td><td>6,372</td><td>20,695</td><td>40,770</td><td>5,035</td><td>445</td><td>331</td><td>5,812</td><td>1,008</td><td>8,212</td><td>3 55,804</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Customs</th><th>Miscellaneous receipts 1/</th><th>Total budget receipts</th><th colspan="4">Deductions from budget receipts</th><th colspan="3">Refunds of receipts 15/</th><th>Net budget receipts</th></tr><tr><th></th><th></th><th></th><th></th><th>FCASI Trust Fund 11/</th><th>Federal Disability Insurance Trust Fund 12/</th><th>Railroad Retirement Account 13/</th><th>Highway Trust Fund 14/</th><th>Internal revenue</th><th>Customs</th><th>Other</th><th>Total refunds</th></tr><tr><td>1950</td><td>423</td><td>1,439</td><td>41,311</td><td>2,106</td><td>-</td><td>550</td><td>-</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>-</td><td>575</td><td>-</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>3,589</td><td>-</td><td>738</td><td>-</td><td>2,275</td><td>16</td><td>9</td><td>2,302</td><td>61,391</td></tr><tr><td>1953</td><td>613</td><td>1,865</td><td>72,649</td><td>4,086</td><td>-</td><td>620</td><td>-</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 8/</td><td>73,173</td><td>4,537</td><td>-</td><td>603</td><td>-</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>69,154</td><td>5,040 2/</td><td>-</td><td>599</td><td>-</td><td>3,400</td><td>22</td><td>4</td><td>3,426</td><td>60,390</td></tr><tr><td>1956</td><td>705</td><td>3,006</td><td>78,820</td><td>6,337</td><td>-</td><td>634</td><td>-</td><td>3,653</td><td>23</td><td>8</td><td>3,684</td><td>68,165</td></tr><tr><td>1957</td><td>754</td><td>2,749</td><td>83,675</td><td>6,301</td><td>333</td><td>616</td><td>1,479</td><td>3,894</td><td>20</td><td>3</td><td>3,917</td><td>71,009</td></tr><tr><td>1958 (Est.)</td><td>785</td><td>3,325</td><td>87,132</td><td>6,900</td><td>863</td><td>620</td><td>2,120</td><td>4,206</td><td>20</td><td>3</td><td>4,229</td><td>72,400</td></tr><tr><td>1959 (Est.)</td><td>800</td><td>3,521</td><td>89,622</td><td>7,100</td><td>888</td><td>625</td><td>2,164</td><td>4,422</td><td>20</td><td>3</td><td>4,445</td><td>74,400</td></tr><tr><td>1957-July</td><td>70</td><td>358</td><td>3,734</td><td>308</td><td>38</td><td>19</td><td>174</td><td>137</td><td>1</td><td>*</td><td>138</td><td>3,057</td></tr><tr><td>August</td><td>65</td><td>150</td><td>6,475</td><td>815</td><td>104</td><td>84</td><td>219</td><td>123</td><td>1</td><td>*</td><td>124</td><td>5,128</td></tr><tr><td>September</td><td>65</td><td>193</td><td>8,109</td><td>431</td><td>55</td><td>54</td><td>207</td><td>135</td><td>2</td><td>*</td><td>137</td><td>7,225</td></tr><tr><td>October</td><td>76</td><td>206</td><td>3,796</td><td>298</td><td>34</td><td>30</td><td>183</td><td>118</td><td>2</td><td>*</td><td>120</td><td>3,131</td></tr><tr><td>November</td><td>67</td><td>226</td><td>5,845</td><td>598</td><td>73</td><td>69</td><td>203</td><td>74</td><td>2</td><td>*</td><td>76</td><td>4,827</td></tr><tr><td>December</td><td>63</td><td>437</td><td>6,612</td><td>339</td><td>42</td><td>49</td><td>165</td><td>58</td><td>1</td><td>*</td><td>59</td><td>5,956</td></tr><tr><td>1958-January</td><td>69</td><td>264</td><td>5,243</td><td>277</td><td>36</td><td>19</td><td>151</td><td>-26 16/</td><td>1</td><td>*</td><td>-25</td><td>4,786</td></tr><tr><td>February</td><td>58</td><td>277</td><td>7,756</td><td>848</td><td>107</td><td>78</td><td>190</td><td>233</td><td>2</td><td>*</td><td>235</td><td>6,299</td></tr><tr><td>March</td><td>69</td><td>234</td><td>11,182</td><td>559</td><td>73</td><td>43</td><td>150</td><td>854</td><td>1</td><td>*</td><td>855</td><td>9,501</td></tr><tr><td>1958 to date</td><td>603</td><td>2,346</td><td>58,752</td><td>4,473</td><td>962</td><td>445</td><td>1,642</td><td>1,704</td><td>13</td><td>2</td><td>1,719</td><td>49,911</td></tr></table>
Sources: Actual figures through 1952 are from the daily Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting basis see page 11); estimates are from the 1959 Budget document released January 13, 1959, including the related legislation. For further detail, see tables under "Internal Revenue Collections," 2/ Breakdown was not made in the daily Treasury statement and the monthly statement for years prior to 1954. 3/ Beginning January 1951, the distribution of receipts between individual income taxes and corporate income taxes and insurance taxes is made in accordance with provisions of Sec. 201 of the Social Security Act, as amended (42 U.S.C. 401), for transfer to the Federal Old-Age and Survivors Insurance Trust Fund (see footnotes 11), and after December 1955 also for transfer to the Federal Disability
4/ Insurance Trust Fund (see footnote 12). Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and, beginning with the taxable year 1951, tax on self-employed individuals under the Self-Employment Contributions Act, as amended (26 U.S.C. 1401-1403). The Social Security Act Amendments of 1956, approved August 1, 1956, increased the rates of tax applicable to wages paid and taxable years beginning after December 31, 1956, to provide for disability insurance (see footnote 12). 5/ Taxes on carriers and their employees under the Railroad Retirement Tax act, as amended (26 U.S.C. 3201-3233). 6/ Tax on employers of 4 or more under the Federal Unemployment Tax Act, as amended (26 U.S.C. 3301-3308); with respect to services performed before January 1, 1956, the tax was imposed on employers of 8 or more. Remaining footnotes on page 5.
May 1958
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 Administra-tion</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>6,307</td><td>1,107</td><td>385</td><td>3,217</td><td>1,963</td></tr><tr><td>1954</td><td>67,172</td><td>59</td><td>28</td><td>9</td><td>5,282</td><td>6,473 1/2</td><td>806</td><td>-515</td><td>2,915</td><td>1,000</td></tr><tr><td>1955</td><td>54,570</td><td>65</td><td>30</td><td>9</td><td>4,361</td><td>6,791</td><td>973</td><td>129 2/3</td><td>4,635</td><td>1,077</td></tr><tr><td>1956</td><td>66,540</td><td>85</td><td>37</td><td>10</td><td>4,473</td><td>6,982 2/3</td><td>523</td><td>39</td><td>5,177</td><td>1,293</td></tr><tr><td>1957</td><td>59,433 2/3</td><td>97</td><td>39</td><td>10</td><td>4,115</td><td>7,707</td><td>570</td><td>-23</td><td>5,005</td><td>566 3/5</td></tr><tr><td>1958 (Est.)</td><td>72,788 6/7</td><td>110</td><td>44</td><td>12</td><td>4,154</td><td>8,444</td><td>447</td><td>207</td><td>5,327</td><td>652</td></tr><tr><td>1959 (Est.)</td><td>73,934 1/2</td><td>126</td><td>46</td><td>12</td><td>4,170</td><td>8,272</td><td>413</td><td>455</td><td>4,961</td><td>503</td></tr><tr><td>1957-July</td><td>6,347</td><td>10</td><td>4</td><td>1</td><td>400</td><td>587</td><td>43 8/7</td><td>100</td><td>561</td><td>49</td></tr><tr><td>August</td><td>5,930</td><td>7</td><td>3</td><td>1</td><td>272</td><td>667</td><td>33</td><td>-26</td><td>233</td><td>58</td></tr><tr><td>September</td><td>5,667</td><td>11</td><td>3</td><td>1</td><td>311</td><td>573</td><td>38</td><td>73</td><td>415</td><td>52</td></tr><tr><td>October</td><td>6,501</td><td>11</td><td>3</td><td>1</td><td>327</td><td>961</td><td>37</td><td>58</td><td>573</td><td>60</td></tr><tr><td>November</td><td>5,806</td><td>7</td><td>4</td><td>1</td><td>301</td><td>712</td><td>32</td><td>63</td><td>447</td><td>61</td></tr><tr><td>December</td><td>5,809</td><td>9</td><td>4</td><td>1</td><td>299</td><td>568</td><td>32</td><td>-127</td><td>470</td><td>53</td></tr><tr><td>1958-January</td><td>6,011</td><td>8</td><td>4</td><td>1</td><td>448</td><td>700</td><td>36</td><td>71</td><td>263</td><td>44</td></tr><tr><td>February</td><td>5,526</td><td>7</td><td>3</td><td>1</td><td>272</td><td>670</td><td>31</td><td>-49</td><td>257</td><td>51</td></tr><tr><td>March</td><td>5,749</td><td>4</td><td>3</td><td>1</td><td>462</td><td>673</td><td>32</td><td>-15</td><td>354</td><td>59</td></tr><tr><td>1958 to date</td><td>53,348 9/10</td><td>76</td><td>32</td><td>8</td><td>3,093</td><td>6,232</td><td>315</td><td>150</td><td>3,593</td><td>665</td></tr></table>
<table><tr><th>Placed year or month</th><th colspan="2">Defense Department</th><th>Health, Education, and Welfare Department</th><th>Interior Department</th><th>Justice Department</th><th>Labor Department</th><th>Post Office Department 10/</th><th>State Department</th><th colspan="3">Treasury Department</th><th>District of Columbia 12/</th></tr><tr><th></th><th>Military functions</th><th>Civil functions</th><th></th><th></th><th></th><th></th><th></th><th></th><th>On public debt 11/</th><th>On refunds of taxes</th><th>Other</th><th></th></tr><tr><td>1953</td><td>43,611</td><td>813</td><td>1,920</td><td>587</td><td>171</td><td>300</td><td>659</td><td>271</td><td>6,504</td><td>74</td><td>796</td><td>12</td></tr><tr><td>1954</td><td>40,336</td><td>605</td><td>1,981</td><td>535</td><td>163</td><td>355</td><td>312</td><td>155</td><td>6,382</td><td>83</td><td>673</td><td>13</td></tr><tr><td>1955</td><td>35,532</td><td>549</td><td>1,993</td><td>525</td><td>182</td><td>394</td><td>356</td><td>135</td><td>6,370</td><td>52</td><td>368</td><td>22</td></tr><tr><td>1956</td><td>35,791</td><td>573</td><td>2,071</td><td>512 2/</td><td>216</td><td>412</td><td>463</td><td>142</td><td>6,787</td><td>54</td><td>679</td><td>22</td></tr><tr><td>1957</td><td>38,439</td><td>639</td><td>2,295</td><td>572</td><td>214</td><td>416</td><td>518</td><td>179</td><td>7,244</td><td>57</td><td>748</td><td>26</td></tr><tr><td>1958 (Est.)</td><td>38,861</td><td>662</td><td>2,745</td><td>647</td><td>223</td><td>463</td><td>686</td><td>228</td><td>7,800</td><td>61</td><td>780</td><td>30</td></tr><tr><td>1959 (Est.)</td><td>39,779</td><td>701</td><td>2,894</td><td>663</td><td>228</td><td>452</td><td>-16</td><td>228</td><td>7,800</td><td>62</td><td>729</td><td>38</td></tr><tr><td>1957-July</td><td>3,200</td><td>61</td><td>257</td><td>49</td><td>16</td><td>56</td><td>50</td><td>41</td><td>699</td><td>6</td><td>5* 6/</td><td>23</td></tr><tr><td>August</td><td>3,532</td><td>60</td><td>240</td><td>79</td><td>18</td><td>11</td><td>20</td><td>13</td><td>628</td><td>6</td><td>61</td><td>-</td></tr><tr><td>September</td><td>3,036</td><td>65</td><td>182</td><td>57</td><td>16</td><td>34</td><td>89 13/</td><td>18</td><td>630</td><td>8</td><td>53</td><td>-</td></tr><tr><td>October</td><td>3,216</td><td>80</td><td>242</td><td>65</td><td>19</td><td>70</td><td>31</td><td>11</td><td>641</td><td>6</td><td>69</td><td>1</td></tr><tr><td>November</td><td>3,063</td><td>62</td><td>203</td><td>49</td><td>23</td><td>22</td><td>36</td><td>17</td><td>636</td><td>8</td><td>56</td><td>-</td></tr><tr><td>December</td><td>3,313</td><td>69</td><td>198</td><td>50</td><td>17</td><td>18</td><td>-14</td><td>16</td><td>674</td><td>7</td><td>56</td><td>-</td></tr><tr><td>1958-January</td><td>3,143</td><td>55</td><td>244</td><td>46</td><td>18</td><td>66</td><td>70</td><td>21</td><td>693</td><td>4</td><td>55</td><td>-</td></tr><tr><td>February</td><td>3,168</td><td>42</td><td>196</td><td>61</td><td>18</td><td>32</td><td>83</td><td>15</td><td>606</td><td>5</td><td>59</td><td>-</td></tr><tr><td>March</td><td>3,068</td><td>45</td><td>212</td><td>42</td><td>18</td><td>22</td><td>70</td><td>12</td><td>616</td><td>0</td><td>61</td><td>-</td></tr><tr><td>1958 to date</td><td>28,739</td><td>535</td><td>1,984</td><td>497</td><td>163</td><td>354</td><td>435</td><td>167</td><td>5,783</td><td>54</td><td>528</td><td>23</td></tr></table>
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page 151, national budgetary report, 1956). The statement, released January 13, 1956, includes 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 1.
1/ Expenditures for construction of the Constitution are included under "Independent offices" through 1954, and under "Treasury Department, Other" beginning 1955, except functions transferred to Export-Import Bank, Federal National Mortgage Association, General Services Administration, and Small Business Administration. The corporation was established to effectuate the provisions of the 30, 1957, pursuant to organization Plan No. 2 of 1957, and its remaining functions were transferred to the Housing and Home Finance Administration, Administrator of General Services, Administrator of Small Business Administration, and Secretary of the Treasury.
2/ Expenditures for Federal Home Loan Bank Board are included under "Housing and Home Finance Agency" through 1955, and under "Independent offices" thereafter.
3/ Beginning with 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
4/ Effective January 1, 1957, the production credit corporations were merged in the Federal intermediate credit banks, pursuant to the Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1037). There-
after until January 1959 operations of the banks (as mixed-ownership corporations) are classified as trust enterprise funds and are included net in trust account expenditures; previously the operations of the banks as corporations, respectively, were classified as public enterprise funds and were included net in budget expenditures. Beginning January 1959 they are classified as Government-sponsored enterprises.
2/ Expenditures for Alelke road construction are included under Interior Department through 1956 and under Commerce Department beginning 1957.
6/ Total includes contingency allowance amounting to $203 million.
7/ Total includes allowance for proposed legislation and contingencies amounting to $1.139 million.
8/ Effective July 1, 1957, remainin functions of the Federal Facilities Corporation were transferred to General Services Administration from the Treasury Department, pursuant to Executive Order 10720, dated July 1, 1957.
9/ Miscellaneous for current fiscal year include unclassified expenditure transfers until these have been distributed in final figures.
10/ Beginning 1955, consists of net expenditures of the Postal Fund, reflecting the chance in classification of Post Office transactions to a public enterprise revolving fund basis.
11/ Effective June 30, 1955, interest on the public debt is reported on an accrual basis.
12/ Consists of Federal payment and loans and advances.
13/ Includes adjustment of receipts of approximately $33 million applicable to the prior accounting period.
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>Function code number</th><th>1953</th><th>1954</th><th>1955</th><th>1956</th><th>1957</th><th>1958 Through March</th></tr><tr><td>Major national security:</td><td></td><td></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>14</td><td>14</td><td>11</td></tr><tr><td>Air Force defense</td><td>052</td><td>15,085</td><td>15,668</td><td>15,407</td><td>15,740</td><td>18,363</td><td>13,612</td></tr><tr><td>Army defense</td><td>053</td><td>16,242</td><td>12,910</td><td>8,899</td><td>8,702</td><td>9,063</td><td>6,508</td></tr><tr><td>Naval defense</td><td>054</td><td>11,875</td><td>11,293</td><td>9,733</td><td>9,744</td><td>10,398</td><td>8,157</td></tr><tr><td>Other central defense activities</td><td>055</td><td>394</td><td>452</td><td>461</td><td>582</td><td>602</td><td>472</td></tr><tr><td>Development and control of atomic energy</td><td>056</td><td>1,791</td><td>1,895</td><td>1,857</td><td>1,551</td><td>1,990</td><td>1,659</td></tr><tr><td>Stockpiling and defense production expansion</td><td>057</td><td>1,008</td><td>1,045</td><td>944</td><td>588</td><td>490</td><td>499</td></tr><tr><td>Mutual defense assistance</td><td>058</td><td>3,954</td><td>3,629</td><td>2,292</td><td>2,611</td><td>2,352</td><td>1,608</td></tr><tr><td>Military assistance</td><td></td><td>1,467</td><td>967</td><td>1,463</td><td>1,184</td><td>1,143</td><td>666</td></tr><tr><td>Defense support 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total major national security</td><td></td><td>51,830</td><td>47,872</td><td>42,089</td><td>41,851</td><td>44,414</td><td>33,191</td></tr><tr><td>International affairs and finance:</td><td></td><td></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>120</td><td>157</td><td>144</td></tr><tr><td>Economic and technical development 1/ 2/</td><td>152</td><td>493</td><td>543</td><td>498</td><td>431</td><td>522</td><td>815</td></tr><tr><td>Foreign information and exchange activities</td><td>153</td><td>106</td><td>91</td><td>100</td><td>111</td><td>133</td><td>101</td></tr><tr><td>Total international affairs and finance</td><td></td><td>749</td><td>765</td><td>719</td><td>662</td><td>832</td><td>1,061</td></tr><tr><td>Veterans' services and benefits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Veterans' education and training 3/</td><td>101</td><td>659</td><td>546</td><td>664</td><td>767</td><td>774</td><td>559</td></tr><tr><td>Other veterans' readjustment benefits 2/</td><td>102</td><td>138</td><td>158</td><td>150</td><td>123</td><td>126</td><td>48</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>2,798</td><td>2,870</td><td>2,306</td></tr><tr><td>Veterans' insurance and servicemen's indemnities</td><td>104</td><td>102</td><td>100</td><td>57</td><td>109</td><td>47</td><td>33</td></tr><tr><td>Veterans' hospitals and medical care</td><td>105</td><td>757</td><td>782</td><td>727</td><td>788</td><td>801</td><td>621</td></tr><tr><td>Other veterans' services and administration</td><td>106</td><td>223</td><td>188</td><td>176</td><td>176</td><td>175</td><td>127</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>4,756</td><td>4,793</td><td>3,694</td></tr><tr><td>Labor and welfare:</td><td></td><td></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>475</td><td>400</td><td>258</td></tr><tr><td>Public assistance</td><td>212</td><td>1,332</td><td>1,439</td><td>1,428</td><td>1,457</td><td>1,558</td><td>1,350</td></tr><tr><td>Promotion of public health</td><td>213</td><td>318</td><td>290</td><td>275</td><td>351</td><td>469</td><td>416</td></tr><tr><td>Promotion of education 5/</td><td>214</td><td>290</td><td>273</td><td>324</td><td>279</td><td>290</td><td>217</td></tr><tr><td>Promotion of science, research, libraries, and museums 2/</td><td>215</td><td>34</td><td>33</td><td>53</td><td>56</td><td>71</td><td>58</td></tr><tr><td>Correctional and penal institutions</td><td>216</td><td>27</td><td>26</td><td>28</td><td>31</td><td>32</td><td>25</td></tr><tr><td>Other welfare services and administration</td><td>217</td><td>114</td><td>147</td><td>115</td><td>126</td><td>147</td><td>129</td></tr><tr><td>Total labor and welfare</td><td></td><td>2,326</td><td>2,485</td><td>2,552</td><td>2,776</td><td>2,966</td><td>2,453</td></tr><tr><td>Agriculture and agricultural resources:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stabilization of farm prices and farm income 5/</td><td>351</td><td>2,125</td><td>1,689</td><td>3,508</td><td>3,946</td><td>3,511</td><td>2,024</td></tr><tr><td>Financing farm ownership and operation 2/ 1/</td><td>352</td><td>109</td><td>256</td><td>236</td><td>231</td><td>227 8/</td><td>217</td></tr><tr><td>Financing rural electrification and telephones</td><td>353</td><td>239</td><td>217</td><td>204</td><td>217</td><td>267</td><td>226</td></tr><tr><td>Conservation and development 2/</td><td>354</td><td>317</td><td>244</td><td>286</td><td>305</td><td>351</td><td>780</td></tr><tr><td>Research, and other agricultural services 2/</td><td>355</td><td>145</td><td>150</td><td>177</td><td>215</td><td>227</td><td>223</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>4,913</td><td>4,582 8/</td><td>3,470</td></tr><tr><td>Natural resources:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Conservation and development of land and water</td><td>401</td><td>1,234</td><td>1,056</td><td>935</td><td>803</td><td>925</td><td>835</td></tr><tr><td>Conservation and development of forest resources</td><td>402</td><td>107</td><td>117</td><td>118</td><td>138</td><td>162</td><td>142</td></tr><tr><td>Conservation and development of mineral resources</td><td>403</td><td>38</td><td>37</td><td>37</td><td>38</td><td>62</td><td>50</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>45</td><td>51</td><td>43</td></tr><tr><td>Recreational use of natural resources</td><td>405</td><td>30</td><td>33</td><td>35</td><td>44</td><td>59</td><td>51</td></tr><tr><td>General resources surveys and administration</td><td>409</td><td>34</td><td>35</td><td>34</td><td>35</td><td>38</td><td>31</td></tr><tr><td>Total natural resources</td><td></td><td>1,476</td><td>1,315</td><td>1,202</td><td>1,104</td><td>1,896</td><td>1,192</td></tr><tr><td>Commerce and housing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Promotion of water transportation</td><td>511</td><td>455</td><td>370</td><td>349</td><td>420</td><td>365</td><td>281</td></tr><tr><td>Provision of highways</td><td>512</td><td>572</td><td>586</td><td>647</td><td>783</td><td>40 2/</td><td>26</td></tr><tr><td>Promotion of aviation</td><td>513</td><td>239</td><td>275</td><td>253</td><td>251</td><td>295</td><td>108</td></tr><tr><td>Postal service</td><td>514</td><td>659</td><td>312</td><td>356</td><td>463</td><td>518</td><td>435</td></tr><tr><td>Community development and facilities 10/ 11/</td><td>515</td><td>45</td><td>37</td><td>56</td><td>4</td><td>49</td><td>46</td></tr><tr><td>Public housing programs 12/</td><td>516</td><td>23</td><td>401</td><td>115</td><td>31</td><td>60</td><td>58</td></tr><tr><td>Other aids to housing 10/ 13/</td><td>517</td><td>413</td><td>142</td><td>270</td><td>19</td><td>50</td><td>175</td></tr><tr><td>Other aids to business 14/ 15/</td><td>518</td><td>111</td><td>330</td><td>404</td><td>39</td><td>59</td><td>90</td></tr><tr><td>Regulation of commerce and finance</td><td>519</td><td>137</td><td>45</td><td>38</td><td>41</td><td>45</td><td>37</td></tr><tr><td>Civil defense</td><td>520</td><td>51</td><td>60</td><td>42</td><td>56</td><td>63</td><td>52</td></tr><tr><td>Disaster insurance, loans, and relief 16/</td><td>521</td><td>12</td><td>1</td><td>12</td><td>43</td><td>21</td><td>4</td></tr><tr><td>Total commerce and housing</td><td></td><td>2,502</td><td>814</td><td>1,502</td><td>2,028</td><td>1,453 2/</td><td>1,514</td></tr><tr><td>General government:</td><td></td><td></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>77</td><td>90</td><td>58</td></tr><tr><td>Judicial functions</td><td>602</td><td>29</td><td>29</td><td>31</td><td>38</td><td>40</td><td>33</td></tr><tr><td>Executive direction and management</td><td>603</td><td>11</td><td>11</td><td>12</td><td>12</td><td>12</td><td>5</td></tr><tr><td>Federal financial management</td><td>604</td><td>442</td><td>449</td><td>431</td><td>475</td><td>476</td><td>365</td></tr><tr><td>General property and records management</td><td>605</td><td>187</td><td>155</td><td>164</td><td>164</td><td>194</td><td>160</td></tr><tr><td>Central personnel management and employment costs</td><td>606</td><td>387</td><td>93</td><td>115</td><td>334</td><td>627</td><td>98</td></tr><tr><td>Civilian service</td><td>607</td><td>38</td><td>26</td><td>25</td><td>34</td><td>38</td><td>28</td></tr><tr><td>Protective services and alien control</td><td>608</td><td>147</td><td>160</td><td>157</td><td>188</td><td>187</td><td>142</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>69</td><td>74</td><td>58</td></tr><tr><td>Other general government</td><td>610</td><td>140</td><td>213</td><td>139</td><td>238</td><td>51</td><td>14</td></tr><tr><td>Total general government</td><td></td><td>1,474</td><td>1,239</td><td>1,201</td><td>1,629</td><td>1,789</td><td>962</td></tr></table>
(Continued on following page)
May 1958
5
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date - (Continued)
(In millions of dollars)
<table><tr><th>Function</th><th>Function code number</th><th>1953</th><th>1954</th><th>1955</th><th>1956</th><th>1957</th><th>1958 Through March</th></tr><tr><td>Interest:</td><td></td><td></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>6,787</td><td>7,244</td><td>5,783</td></tr><tr><td>Interest on refunds of receipts.</td><td>652</td><td>75</td><td>83</td><td>62</td><td>54</td><td>57</td><td>54</td></tr><tr><td>Interest on uninvested funds.</td><td>653</td><td>5</td><td>5</td><td>5</td><td>6</td><td>6</td><td>7</td></tr><tr><td>Total interest.</td><td>-</td><td>6,583</td><td>6,470</td><td>6,438</td><td>6,846</td><td>7,308</td><td>5,845</td></tr><tr><td>Undistributed.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td></tr><tr><td>Total net budget expenditures.</td><td></td><td>76,274</td><td>67,772</td><td>64,570</td><td>66,540</td><td>69,433 8/9</td><td>53,348</td></tr></table>
Source: Figures for 1953-57 are from the 1959 Budget of the United States Government, Special Analysis K; figures for 1958 are based on reports by Government disburseing offices and are classified by individual appropriation items. Expenditures are net of public enterprise fund receipts.
1/ The defense support part of functional code 058 represents a reclassification of certain appropriations previously included under functional code 152.
2/ See footnote C.
3/ Expenditures for 1958 include those made from "Readjustment Benefits, Veterans' Administration," applicable to functional classification 102, the separate amounts of which cannot be readily determined.
4/ See footnote 3.
5/ Educational activities of the National Science Foundation, previously included under functional code 215, have been reclassified to functional code 614.
6/ Expenditures for 1958 include those for emergency assistance to Pakistan - wheat, and to friendly peoples, applicable to functional classification 152; for emergency feed program - cost of commodities, applicable to functional classification 352; for loan to Secretary of Agriculture for conservation program, applicable to functional classification 354; and for transfers and other costs for eradication of foot-and-mouth disease and brucellosis in cattle, applicable to functional classification 355. These expenditures were made from "Commodity Credit Corporation Capital Fund."
7/ Expenditures for 1958 include those for farm housing made from "Loans, Farmers' Home Administration, Agriculture," applicable to functional classification 517, the separate amounts of which cannot be readily determined.
8/ For shift of Federal intermediate credit banks from budget to trust account classification effective January 1957, see Table 2, footnote 4.
9/ Excludes Federal-aid highway expenditures, which are made from the Highway Trust Fund beginning with 1957 (see Table 1, footnote 14); corresponding expenditures for previous years are included in budget expenditures.
10/ See footnote 12.
11/ See footnote 15.
12/ Expenditures for 1958 include those for community facilities - grants, loans, and advances, applicable to functional classification 515; and loans for Alaska and prefabricated housing, applicable to functional classification 517. 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/ See footnote 7.
14/ Expenditures for 1958 include those for disaster loans and relief made from "Revolving Fund, Small Business Administration," applicable to functional classification 521, the separate amounts of which cannot be readily determined.
15/ Expenditures for 1958 include those for lending program -- public agencies, made from "Reconstruction Finance Corporation Liquidation, Treasury" and applicable to functional classification 515, the separate amounts of which cannot be readily determined.
16/ See footnote 14.
Footnotes to Table 1.- (Continued)
Footnotes 1 through 6 follow Table 1.
1/ Through 1953, contributions to the Railroad Unemployment Insurance Administration Fund were carried in the daily Treasury statement as miscellaneous receipts, while the 1959 Budget document, Special Analysis K, includes them in employment taxes through 1952. 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/ In the 1959 Budget document, Special Analysis K, internal revenue taxes not otherwise classified are included in miscellaneous receipts.
9/ Beginning 1955, the figures shown reflect adjustments to correct prior estimates, pursuant to the provisions of Sec. 201 (a) of the Social Security Act, as amended (42 U.S.C. 401 (e)), in millions of dollars as follows:
<table><tr><th>Piece year or month</th><th>Income tax withheld</th><th>Income tax not withheld</th><th>Old-age insurance taxes transferred</th></tr><tr><td>1955</td><td>-</td><td>-</td><td>-300</td></tr><tr><td>1956</td><td>+249</td><td>-4</td><td>-246</td></tr><tr><td>1957</td><td>+136</td><td>-1</td><td>-134</td></tr><tr><td>1958 (January)</td><td>-116</td><td>-7</td><td>+123</td></tr></table>
equivalent to specified percentage of the wages and self-employment income, respectively, which are taxed for old-age insurance, and provided that the amounts appropriated should be transferred from the Treasury to the Railroad Retirement Trust Fund in accordance with the Federal Old-Age and Survivors Insurance Trust Fund. Rates of tax were increased by the percentages appropriated to the Federal Disability Insurance Trust Fund, the increase being applicable to wages paid and taxable years beginning after December 31, 1956. Excluded from the computation are the taxable earnings of employees (U.S.C. 228c-1 (a)). 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.
12/ The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C. 173) established a Highway Trust Fund from which are to be made, as provided by appropriation acts, Federal-aid highway expenditures after June 1, 1950. In 1956 and 1957, the act was appropriated to this fund amounts equivalent to specified percentages of receipts from certain excise taxes on motor fuels, motor vehicles, tires and tubes, and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis of estimates by the Secretary of the Treasury with proper adjustments to be made in subsequent years. The amount was imposed by the act as rates were increased for the other taxes. Previous to fiscal year 1957 corresponding excise tax receipts were included in net budget receipts, and Federal-aid highway expenditures were included in budget expenditures.
13/ Interest on refunds is included in expenditures in Table 2. Reimbursement by Federal Old-Age and Survivors Insurance Trust Fund of refunds of taxes for the fiscal year (see footnote 11) is netted against internal revenue refunds for the month in which the reimbursement is made.
16/ Net of reimbursement of $72 million from the Federal Old-Age and Survivors Insurance Trust Fund (see footnote 15). Less than $500,000.
10/ Beginning 1957, includes collections under increased rates in the Higher Rate Segment of 1957, which are equal to the old-age and survivors insurance amounts appropriated to the Federal Old-Age and Survivors Insurance Trust Fund as equivalent to the amounts of taxes collected and deposited for old-age insurance (42 U.S.C. 401 (a)). 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. 201 (a) of the act as amended, and are adjusted in later transfer 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 to the subtreasury to the general fund.
12/ The Federal Disability Insurance Trust Fund was established by the Social Security Act Amendments of 1956, approved August 1, 1956 (42 U.S.C. 401 (b)). The act appropriated to the trust fund amounts
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="2">Trust end deposit fund accounts</th><th>Net sale, or investment (-), by Government agencies in public debt securities 2/</th><th>Net sale, or redemption (-), of securities of Government agencies in the market</th></tr><tr><th></th><th></th><th>Net receipts, or expenditures (-)</th><th>Receipts</th><th>Expenditures 1/</th><th></th><th></th></tr><tr><td>1950</td><td>93</td><td>-281</td><td>6,669</td><td>6,950</td><td>40c</td><td>-22</td></tr><tr><td>1951</td><td>679</td><td>3,892</td><td>1,796</td><td>3,945</td><td>-3,257</td><td>38a</td></tr><tr><td>1952</td><td>117</td><td>3,855</td><td>8,807</td><td>4,992</td><td>-3,636</td><td>-72</td></tr><tr><td>1953</td><td>435</td><td>3,760</td><td>8,929</td><td>5,269</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>-2,094</td><td>-4</td></tr><tr><td>1955</td><td>231</td><td>991 2/</td><td>9,336</td><td>8,545 2/</td><td>-1,362 2/ 3/</td><td>60c 2/</td></tr><tr><td>1956</td><td>-134</td><td>2,250</td><td>11,685</td><td>9,435</td><td>-2,617</td><td>173</td></tr><tr><td>1957</td><td>199</td><td>1,409</td><td>14,369</td><td>12,959</td><td>-2,300</td><td>1,085</td></tr><tr><td>1958(Ext.)</td><td>183</td><td>1,177</td><td>16,373</td><td>15,196</td><td>-1,674</td><td>680</td></tr><tr><td>1959(Bat.)</td><td>-560</td><td>255</td><td>16,619</td><td>16,364</td><td>-1,019</td><td>203</td></tr><tr><td>1957-July</td><td>-19</td><td>-362</td><td>858</td><td>1,220</td><td>32a</td><td>19</td></tr><tr><td>August</td><td>96</td><td>703</td><td>1,778</td><td>1,075</td><td>-694</td><td>87</td></tr><tr><td>September</td><td>162</td><td>-115</td><td>972</td><td>1,006</td><td>282</td><td>-6</td></tr><tr><td>October</td><td>333</td><td>-449</td><td>938</td><td>1,387</td><td>36</td><td>745</td></tr><tr><td>November</td><td>442</td><td>478</td><td>1,438</td><td>964</td><td>-8</td><td>-23</td></tr><tr><td>December</td><td>48</td><td>-218</td><td>1,184</td><td>1,402</td><td>80</td><td>186</td></tr><tr><td>1958-January</td><td>-65</td><td>-831</td><td>820</td><td>1,651</td><td>541</td><td>225</td></tr><tr><td>February</td><td>338</td><td>367</td><td>1,684</td><td>1,317</td><td>-171</td><td>182</td></tr><tr><td>March</td><td>-273</td><td>-337</td><td>1,127</td><td>1,564</td><td>64</td><td>101</td></tr></table>
Source: Actual figures through 1952 are from the daily Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the 1959 Budget document, released January 13, 1958, including effects of proposed legislation. 1/ Prior to 1951, 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.)
2/ 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.
3/ Includes guaranteed securities beginning 1955 (see Table 4).
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>Federal Disability Insurance Trust Fund 1/</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employee's retirement funds</th><th>Highway Trust Fund 2/</th><th>Other trust accounts 3/</th></tr><tr><td>1950</td><td>6,669</td><td>2,367</td><td>-</td><td>645</td><td>1,281</td><td>1,076</td><td>87</td><td>809</td><td>-</td><td>403</td></tr><tr><td>1951</td><td>7,196</td><td>3,411</td><td>-</td><td>678</td><td>1,542</td><td>684</td><td>86</td><td>850</td><td>-</td><td>545</td></tr><tr><td>1952</td><td>8,807</td><td>3,932</td><td>-</td><td>850</td><td>1,643</td><td>786</td><td>87</td><td>912</td><td>-</td><td>597</td></tr><tr><td>1953</td><td>8,929</td><td>4,516</td><td>-</td><td>742</td><td>1,594</td><td>637</td><td>79</td><td>961</td><td>-</td><td>401</td></tr><tr><td>1954</td><td>9,459</td><td>5,080</td><td>-</td><td>737</td><td>1,432</td><td>619</td><td>78</td><td>691</td><td>-</td><td>457</td></tr><tr><td>1955</td><td>9,536</td><td>5,586</td><td>-</td><td>700</td><td>1,425</td><td>590</td><td>78</td><td>708</td><td>-</td><td>449</td></tr><tr><td>1956</td><td>11,685 4/</td><td>7,003</td><td>-</td><td>739</td><td>1,728</td><td>649</td><td>73</td><td>1,025</td><td>-</td><td>467 4/</td></tr><tr><td>1957</td><td>14,369</td><td>7,159</td><td>339</td><td>783</td><td>1,912</td><td>608</td><td>69</td><td>1,397</td><td>1,482</td><td>681</td></tr><tr><td>1958 (Est.)</td><td>15,373</td><td>7,739</td><td>911</td><td>730</td><td>1,988</td><td>631</td><td>68</td><td>1,484</td><td>2,138</td><td>685</td></tr><tr><td>1959 (Est.)</td><td>16,619</td><td>7,933</td><td>949</td><td>739</td><td>2,009</td><td>640</td><td>66</td><td>1,528</td><td>2,180</td><td>579</td></tr><tr><td>1957-July</td><td>858</td><td>371</td><td>39</td><td>19</td><td>84</td><td>42</td><td>4</td><td>54</td><td>174</td><td>72</td></tr><tr><td>August</td><td>1,778</td><td>837</td><td>113</td><td>85</td><td>379</td><td>42</td><td>3</td><td>78</td><td>219</td><td>23</td></tr><tr><td>September</td><td>972</td><td>449</td><td>55</td><td>55</td><td>27</td><td>34</td><td>1</td><td>104</td><td>207</td><td>39</td></tr><tr><td>October</td><td>938</td><td>362</td><td>35</td><td>31</td><td>75</td><td>40</td><td>3</td><td>119</td><td>183</td><td>90</td></tr><tr><td>November</td><td>1,438</td><td>635</td><td>81</td><td>72</td><td>294</td><td>38</td><td>2</td><td>103</td><td>203</td><td>51</td></tr><tr><td>December</td><td>1,184</td><td>571</td><td>48</td><td>51</td><td>131</td><td>37</td><td>2</td><td>125</td><td>172</td><td>45</td></tr><tr><td>1958-January</td><td>820</td><td>341</td><td>36</td><td>25</td><td>44</td><td>45</td><td>3</td><td>123</td><td>151</td><td>51</td></tr><tr><td>February</td><td>1,684</td><td>898</td><td>120</td><td>86</td><td>177</td><td>42</td><td>3</td><td>119</td><td>190</td><td>51</td></tr><tr><td>March</td><td>1,127</td><td>614</td><td>75</td><td>45</td><td>26</td><td>38</td><td>2</td><td>105</td><td>150</td><td>70</td></tr></table>
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2/ See "Budget Receipts and Expenditures," Table 1, footnote 14.
3/ Includes District of Columbia receipts from taxes and from Federal contributions, loans, and grants; Indian tribal funds; increment resulting from reduction in the weight of the gold dollar; and through 1950 seigniorage on silver under the Silver Purchase Act of 1934. Thereafter any such seigniorage is included with other
Beginning with the fiscal year 1958, the Railroad Unemployment Insurance 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 7). Does not include donation of public debt securities amounting to $45,800 (par value); see also Table 4.
May 1958
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 colspan="2">Trust accounts, etc. - (Cont.)</th><th colspan="6">Trust accounts, and trust enterprise funds (net)</th></tr><tr><th></th><th colspan="2">Trust enterprise funds (net)</th><th>Total</th><th>Total trust accounts, etc.</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Disability 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</th><th>Bigway Trust Fund</th></tr><tr><th></th><th>Federal Intermediate credit banks</th><th>Federal National Mortgage Assoc. 1/ Financing by Treasury</th><th>Other operations</th><th>Total deposit funds accounts</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1950</td><td>-</td><td>-</td><td>-</td><td>370 3/</td><td>96 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>-</td><td>-</td><td>-</td><td>387</td><td>-194</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>-</td><td>-</td><td>-</td><td>413</td><td>-395</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1953</td><td>-</td><td>-</td><td>-</td><td>441</td><td>-528</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1954</td><td>-</td><td>-</td><td>-</td><td>495</td><td>-558</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1955</td><td>-</td><td>-93</td><td>9</td><td>483</td><td>56 2/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1956</td><td>-</td><td>-94</td><td>206</td><td>425 5/</td><td>238</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1957</td><td>127</td><td>41</td><td>929</td><td>438</td><td>216</td><td>-</td><td>-</td><td>-</td><th colspan="4">Deposit fund accounts (net)</th></tr><tr><th></th><th colspan="3">Trust accounts, etc. - (Cont.)</th><th>Total deposit funds accounts</th><th colspan="4">Government-sponsored enterprises</th><th>Other deposit fund accounts</th></tr><tr><th></th><th colspan="3">Other trust accounts and trust enterprise funds</th><th>Total</th><th>Total</th><th>Investment in public debt securities</th><th>Redemption of agency obligations in the market</th><th>Other expenditures</th><th></th></tr><tr><td>1957-1958 (Est.)</td><td>91</td><td>1</td><td>579</td><td>641</td><td>-39</td><td>n.a.</td><td>38</td><td>-316</td><td>239</td><td>27</td></tr><tr><td>1958 (Est.)</td><td>-195 11/</td><td>-10</td><td>345</td><td>689</td><td>43 11/</td><td>n.a.</td><td>116</td><td>-450</td><td>377</td><td>-121</td></tr><tr><td>1957-July</td><td>13</td><td>-46</td><td>55</td><td>27</td><td>104</td><td>7</td><td>-58</td><td>-31</td><td>95</td><td>-123</td></tr><tr><td>Aug.</td><td>23</td><td>3</td><td>62</td><td>56</td><td>-118</td><td>6</td><td>-48</td><td>1</td><td>53</td><td>-16</td></tr><tr><td>Sept.</td><td>-14</td><td>-72</td><td>72</td><td>49</td><td>-92</td><td>-9</td><td>-28</td><td>-73</td><td>97</td><td>-16</td></tr><tr><td>Oct.</td><td>-46</td><td>-51</td><td>49</td><td>37</td><td>-227</td><td>7</td><td>-5</td><td>1</td><td>10</td><td>-211</td></tr><tr><td>Nov.</td><td>-27</td><td>147</td><td>54</td><td>71</td><td>-34</td><td>-5</td><td>-7</td><td>*</td><td>1</td><td>-29</td></tr><tr><td>Dec.</td><td>-15</td><td>-51</td><td>54</td><td>100</td><td>164</td><td>-2</td><td>422</td><td>19</td><td>-443</td><td>166</td></tr><tr><td>1958-Jan.</td><td>7</td><td>70</td><td>36</td><td>38</td><td>-175</td><td>8</td><td>134</td><td>121</td><td>-247</td><td>-183</td></tr><tr><td>Feb.</td><td>43</td><td>54</td><td>-23</td><td>49</td><td>32</td><td>-10</td><td>78</td><td>214</td><td>-302</td><td>43</td></tr><tr><td>Mar.</td><td>51</td><td>54</td><td>-23</td><td>49</td><td>32</td><td>-10</td><td>78</td><td>214</td><td>-302</td><td>43</td></tr></table><table><tr><th>Fiscal year or month</th><th>Total</th><th>Total trust accounts, etc.</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Disability 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</th><th>Bigway Trust Fund</th></tr><tr><td>1950</td><td>6,950 3/</td><td>6,854 3/</td><td>784</td><td>-</td><td>304</td><td>2,026</td><td>2,988</td><td>114</td><td>268</td><td>-</td></tr><tr><td>1951</td><td>3,945</td><td>4,139</td><td>1,569</td><td>-</td><td>321</td><td>900</td><td>614</td><td>77</td><td>271</td><td>-</td></tr><tr><td>1952</td><td>4,952</td><td>5,298</td><td>2,067</td><td>-</td><td>391</td><td>1,049</td><td>996</td><td>82</td><td>300</td><td>-</td></tr><tr><td>1953</td><td>5,169</td><td>5,698</td><td>2,750</td><td>-</td><td>465</td><td>1,010</td><td>588</td><td>82</td><td>363</td><td>-</td></tr><tr><td>1954</td><td>6,769</td><td>7,327</td><td>3,405</td><td>-</td><td>502</td><td>1,745</td><td>623</td><td>147</td><td>411</td><td>-</td></tr><tr><td>1955</td><td>8,545 4/</td><td>8,489</td><td>4,487</td><td>-</td><td>585</td><td>1,965</td><td>538</td><td>84</td><td>430</td><td>-</td></tr><tr><td>1956</td><td>9,135 5/</td><td>9,197</td><td>5,551</td><td>-</td><td>611</td><td>1,393</td><td>512</td><td>87</td><td>507</td><td>-</td></tr><tr><td>1957</td><td>12,939</td><td>12,743</td><td>6,723</td><td>1</td><td>682</td><td>1,644</td><td>515</td><td>86</td><td>591</td><td>966</td></tr><tr><td>1958 (Est.)</td><td>15,196</td><td>15,235</td><td>8,112</td><td>187</td><td>717</td><td>1,678</td><td>556</td><td>91</td><td>712</td><td>1,870</td></tr><tr><td>1959 (Est.)</td><td>16,364</td><td>16,321</td><td>8,745</td><td>244</td><td>754</td><td>1,768</td><td>562</td><td>120</td><td>609</td><td>2,491</td></tr><tr><td>1957-July</td><td>1,220</td><td>1,116</td><td>643</td><td>*</td><td>58</td><td>137</td><td>49</td><td>16</td><td>55</td><td>109</td></tr><tr><td>August</td><td>1,079</td><td>1,192</td><td>620</td><td>9</td><td>60</td><td>124</td><td>46</td><td>7</td><td>53</td><td>130</td></tr><tr><td>September</td><td>1,086</td><td>1,107</td><td>642</td><td>8</td><td>59</td><td>127</td><td>44</td><td>5</td><td>53</td><td>134</td></tr><tr><td>October</td><td>1,387</td><td>1,174</td><td>656</td><td>13</td><td>60</td><td>136</td><td>43</td><td>7</td><td>60</td><td>161</td></tr><tr><td>November</td><td>964</td><td>1,191</td><td>649</td><td>13</td><td>59</td><td>145</td><td>41</td><td>6</td><td>62</td><td>207</td></tr><tr><td>December</td><td>1,402</td><td>1,436</td><td>651</td><td>15</td><td>59</td><td>233</td><td>40</td><td>6</td><td>59</td><td>117</td></tr><tr><td>1958-January</td><td>1,651</td><td>1,487</td><td>720</td><td>16</td><td>63</td><td>344</td><td>49</td><td>7</td><td>65</td><td>112</td></tr><tr><td>February</td><td>1,317</td><td>1,492</td><td>668</td><td>18</td><td>61</td><td>331</td><td>46</td><td>7</td><td>56</td><td>118</td></tr><tr><td>March</td><td>1,564</td><td>1,532</td><td>697</td><td>19</td><td>62</td><td>418</td><td>42</td><td>6</td><td>61</td><td>97</td></tr></table>
Source: See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2/ See "Budget Receipts and Expenditures," Table 1, footnote 14.
3/ Includes net investment in public debt securities by certain accounts (see Table 4).
4/ Includes security transactions of Government-sponsored enterprises (see Table 1, footnote 2).
5/ Does not include revolving fund receipts representing acquired securities amounting to $1,643,070 (per below); see also Table 4.
6/ On the date of enactment of the act beginning January 1, 1957, at which time the production credit corporations were merged in the Federal intermediate credit banks, pursuant to the Farm Credit Act of 1956 (12 U.S.C. 1027); previously the banks and corporations, respectively, were classified as public enterprise funds, and were subject to limits in budget expenditures.
7/ Secondary market operations, as provided in the Housing Act of 1954, approved August 2, 1954 (12 U.S.C. 1719). Funds provided
8/ by the Treasury (-), or repaid to the Treasury, are shown in a separate column (and correspondingly are reflected net in budget expenditures). 
9/ Includes District of Columbia operating expenditures; Indian tribal funds; expenditures chargeable against increment on gold; and trust enterprise funds (net) which are not shown separately. The Railroad Unemployment Insurance Administration Fund is included beginning with the fiscal year 1954 (see Table 2, footnote 3), and the Federal Employee Insurance Fund (net) from its establishment in August 1954. 
10/ Not reported separately. 
11/ Excluded from deposit fund account expenditures and included with similar security transactions of other agencies (see Tables b and 5). 
12/ Beginning January 1959 the Federal intermediate credit banks are classified as Government-sponsored enterprises. 
n.e. Less than $500,000. 
Not available.
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>Fiscal year or month</th><th>Total</th><th>Total trust accounts</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Disability Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Government employee retirement funds</th><th>Highway Trust Fund 2/</th><th>Federal intermediate credit banks 3/</th><th>Other trust accounts</th></tr><tr><td>1950</td><td>5/</td><td>-402 5/</td><td>1,818</td><td>-</td><td>338</td><td>-724</td><td>-1,946</td><td>-26</td><td>543</td><td>-</td><td>-</td><td>6 8/</td></tr><tr><td>1951</td><td>3,957</td><td>3,369</td><td>1,678</td><td>-</td><td>357</td><td>650</td><td>94</td><td>8</td><td>573</td><td>-</td><td>-</td><td>9</td></tr><tr><td>1952</td><td>3,636</td><td>3,355</td><td>1,950</td><td>-</td><td>149</td><td>553</td><td>-245</td><td>1</td><td>624</td><td>-</td><td>-</td><td>-6</td></tr><tr><td>1953</td><td>3,301</td><td>3,068</td><td>1,545</td><td>-</td><td>280</td><td>290</td><td>59</td><td>-2</td><td>588</td><td>-</td><td>-</td><td>9</td></tr><tr><td>1954</td><td>2,094</td><td>1,688 5/</td><td>1,522</td><td>-</td><td>202</td><td>-248</td><td>23</td><td>-65</td><td>252</td><td>-</td><td>-</td><td>1</td></tr><tr><td>1955</td><td>1,362 6/</td><td>1,236</td><td>1,281 1/</td><td>-</td><td>141</td><td>-545</td><td>73</td><td>-1</td><td>314</td><td>-</td><td>-</td><td>14</td></tr><tr><td>1956</td><td>2,617 8/</td><td>2,516 8/</td><td>1,463</td><td>-</td><td>121</td><td>258</td><td>135</td><td>-16</td><td>548</td><td>-</td><td>-</td><td>8 8/</td></tr><tr><td>1957</td><td>2,300</td><td>2,263</td><td>220</td><td>325</td><td>36</td><td>274</td><td>89</td><td>-16</td><td>803</td><td>404</td><td>99</td><td>28</td></tr><tr><td>1958 (Est.)</td><td>1,674</td><td>1,546</td><td>-711</td><td>725</td><td>125</td><td>335</td><td>75</td><td>-23</td><td>770</td><td>230</td><td>*</td><td>21</td></tr><tr><td>1959 (Est.)</td><td>1,019</td><td>907</td><td>-751</td><td>715</td><td>194</td><td>240</td><td>79</td><td>-24</td><td>721</td><td>-275</td><td>*</td><td>38</td></tr><tr><td>1957-July</td><td>-324</td><td>-319</td><td>-293</td><td>35</td><td>-38</td><td>-16</td><td>-4</td><td>-14</td><td>-8</td><td>2</td><td>-</td><td>18</td></tr><tr><td>Aug.</td><td>694</td><td>689</td><td>227</td><td>87</td><td>31</td><td>285</td><td>-4</td><td>-4</td><td>24</td><td>49</td><td>-</td><td>-10</td></tr><tr><td>Sept.</td><td>-282</td><td>-298</td><td>-318</td><td>29</td><td>-10</td><td>-87</td><td>-10</td><td>-5</td><td>48</td><td>54</td><td>-</td><td>*</td></tr><tr><td>Oct.</td><td>-36</td><td>-35</td><td>-97</td><td>54</td><td>-42</td><td>-86</td><td>-2</td><td>-4</td><td>54</td><td>71</td><td>-</td><td>17</td></tr><tr><td>Nov.</td><td>8</td><td>1</td><td>-160</td><td>37</td><td>25</td><td>119</td><td>-4</td><td>-4</td><td>-3</td><td>-6</td><td>-</td><td>-3</td></tr><tr><td>Dec.</td><td>-80</td><td>-48</td><td>-55</td><td>44</td><td>-11</td><td>-92</td><td>-6</td><td>-5</td><td>49</td><td>12</td><td>*</td><td>17</td></tr><tr><td>1958-Jan.</td><td>-541</td><td>-559</td><td>-316</td><td>37</td><td>-36</td><td>-314</td><td>-2</td><td>-3</td><td>54</td><td>27</td><td>*</td><td>-5</td></tr><tr><td>Feb.</td><td>171</td><td>163</td><td>70</td><td>59</td><td>26</td><td>-146</td><td>-4</td><td>-5</td><td>62</td><td>101</td><td>*</td><td>*</td></tr><tr><td>Mar.</td><td>-64</td><td>-118</td><td>12</td><td>81</td><td>-8</td><td>-380</td><td>-3</td><td>-4</td><td>79</td><td>99</td><td>-</td><td>8</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month 2/</th><th colspan="6">Public enterprise funds</th><th colspan="5">Government-sponsored enterprises</th></tr><tr><th>Total public enterprise funds</th><th>Federal Housing Administration</th><th>Federal intermediate credit banks 3/</th><th>Production credit corporations 3/</th><th>Federal National Mortgage Association 10/</th><th>Federal Savings and Loan Insurance Corp.</th><th>Other</th><th>Total Government-sponsored enterprises</th><th>Banks for cooperatives</th><th>Federal Deposit Insurance Corp.</th><th>Federal home loan banks</th><th>Federal land banks</th></tr><tr><td>1951</td><td>104</td><td>52</td><td>37</td><td>5</td><td>-</td><td>11</td><td>-2</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>71</td><td>3</td><td>-</td><td>7</td><td>-</td><td>179</td><td>*</td><td>84</td><td>95</td><td>-</td></tr><tr><td>1953</td><td>79</td><td>59</td><td>4</td><td>8</td><td>-</td><td>9</td><td>-</td><td>151</td><td>5</td><td>87</td><td>61</td><td>-</td></tr><tr><td>1954</td><td>-77</td><td>-86</td><td>-2</td><td>-3</td><td>-</td><td>11</td><td>3</td><td>443 5/</td><td>9</td><td>102</td><td>314</td><td>18</td></tr><tr><td colspan="14">Memorandum 11/</td></tr><tr><td>1955</td><td>126</td><td>95 12/</td><td>10</td><td>*</td><td>1</td><td>13</td><td>7</td><td>170</td><td>-10</td><td>98</td><td>82</td><td>*</td></tr><tr><td>1956</td><td>101</td><td>69</td><td>-</td><td>-2</td><td>10</td><td>15</td><td>9</td><td>548</td><td>-</td><td>104</td><td>425</td><td>19</td></tr><tr><td>1957</td><td>36</td><td>78</td><td>-60</td><td>-40</td><td>25</td><td>18</td><td>14 124</td><td>39</td><td>2</td><td>104</td><td>-67</td><td>1</td></tr><tr><td>1958 (Est.)</td><td>127</td><td>62</td><td>-</td><td>-</td><td>30</td><td>21</td><td>15</td><td>38</td><td>-</td><td>114</td><td>-75</td><td>-</td></tr><tr><td>1959 (Est.)</td><td>112</td><td>65</td><td>-</td><td>-</td><td>10</td><td>24</td><td>13</td><td>116</td><td>-</td><td>116</td><td>-</td><td>-</td></tr><tr><td>1957-July</td><td>-5</td><td>8</td><td>-</td><td>-</td><td>*</td><td>-14</td><td>1</td><td>-58</td><td>-1</td><td>1</td><td>-57</td><td>*</td></tr><tr><td>Aug.</td><td>2</td><td>6</td><td>-</td><td>-</td><td>*</td><td>2</td><td>1</td><td>-48</td><td>-</td><td>2</td><td>-50</td><td>-</td></tr><tr><td>Sept.</td><td>16</td><td>9</td><td>-</td><td>-</td><td>3</td><td>2</td><td>1</td><td>-28</td><td>-</td><td>-</td><td>-28</td><td>-</td></tr><tr><td>Oct.</td><td>-2</td><td>-6</td><td>-</td><td>-</td><td>*</td><td>3</td><td>2</td><td>46</td><td>-</td><td>6</td><td>40</td><td>-</td></tr><tr><td>Nov.</td><td>8</td><td>3</td><td>-</td><td>-</td><td>*</td><td>4</td><td>1</td><td>-5</td><td>-</td><td>2</td><td>-6</td><td>-</td></tr><tr><td>Dec.</td><td>-32</td><td>2</td><td>-</td><td>-</td><td>-38</td><td>3</td><td>1</td><td>-7</td><td>-</td><td>13</td><td>-20</td><td>-</td></tr><tr><td>1958-Jan.</td><td>16</td><td>12</td><td>-</td><td>-</td><td>*</td><td>4</td><td>2</td><td>422</td><td>-</td><td>70</td><td>352</td><td>-</td></tr><tr><td>Feb.</td><td>8</td><td>5</td><td>-</td><td>-</td><td>*</td><td>2</td><td>1</td><td>134</td><td>-</td><td>6</td><td>128</td><td>-</td></tr><tr><td>Mar.</td><td>54</td><td>9</td><td>-</td><td>-</td><td>41</td><td>3</td><td>1</td><td>78</td><td>-</td><td>-</td><td>78</td><td>-</td></tr></table>
Source: See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2/ See Table 3, footnotes 11, 12.
3/ See Table 3, footnotes 11, 12. Investment by the banks and corporations as public enterprise funds in 1951 through 1953 includes only those transactions cleared through the account of the Treasurer of the United States.
Prior to 1951, net investment by smaller trust accounts and by deposit fund accounts is included in expenditures in Table 3.
2/ For explanation of difference from Budget figures, beginning 1954, see "Cash Income and Outgo," Table 7, footnote 1.
5/ Excludes net investment by Government-sponsored enterprise beginning with 1954. For explanation of difference from Table 2, footnotes 2, 3. Includes net sale of $300 million for adjustment of excess transfers of tax receipts in 1952 and 1953 (see "Budget Receipts end
8/ Expenditures, Table 1, footnote 9). Does not include investments representing acquired securities amounting to $4,643,070 (per value) and retention of securities amounting to $45,800 (per value) for also Terms 2 and 3.
2/ Prior to 1951, net investment by public enterprise funds was included in budget expenditures, and net investment by Government-sponsored enterprise was included in deposit fund expenditures (see Table 3).
10/ Net investment in guarantee functions as provided by the Housing Act of 1954, approved August 2, 1954 (12 U.S.C. 1721). Investment is all in guaranteed securities.
11/ Net investment by Government-sponsored enterprises beginning 1955 is included in deposit fund expenditures in Table 3.
12/ Beginning with this period, figures include net retransactions in guaranteed securities. See also footnote 10.
Less than $500,000.
May 1958
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 are excess of sales)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="5">Securities guaranteed by the United States<br>Public enterprise funds</th></tr><tr><th></th><th></th><th>Total guaranteed</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>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>-16</td><td>-1</td><td>*</td><td>-16</td><td>*</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 1/</td><td>37</td><td>-</td><td>*</td><td>37</td><td>*</td></tr><tr><td>1956</td><td>-173</td><td>-30</td><td>-</td><td>*</td><td>-30</td><td>*</td></tr><tr><td>1957</td><td>-1,605</td><td>-33</td><td>-</td><td>*</td><td>-33</td><td>*</td></tr><tr><td>1958 (Est.)</td><td>-680</td><td>-9</td><td>-</td><td>*</td><td>-9</td><td>*</td></tr><tr><td>1959 (Est.)</td><td>-203 2/</td><td>9</td><td>-</td><td>*</td><td>9</td><td>*</td></tr><tr><td>1957-July</td><td>-19</td><td>*</td><td>-</td><td>*</td><td>*</td><td>*</td></tr><tr><td>August</td><td>-87</td><td>-2</td><td>-</td><td>*</td><td>-2</td><td>*</td></tr><tr><td>September</td><td>6</td><td>-6</td><td>-</td><td>*</td><td>-6</td><td>*</td></tr><tr><td>October</td><td>-745</td><td>12</td><td>-</td><td>*</td><td>12</td><td>*</td></tr><tr><td>November</td><td>23</td><td>-1</td><td>-</td><td>*</td><td>-1</td><td>*</td></tr><tr><td>December</td><td>-186</td><td>-1</td><td>-</td><td>*</td><td>-1</td><td>*</td></tr><tr><td>1958-January</td><td>-225</td><td>3</td><td>-</td><td>*</td><td>3</td><td>*</td></tr><tr><td>February</td><td>-142</td><td>-2</td><td>-</td><td>*</td><td>-2</td><td>*</td></tr><tr><td>March</td><td>-101</td><td>-1</td><td>-</td><td>*</td><td>-1</td><td>*</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total not guaranteed</th><th rowspan="2">Total public and trust enterprise funds</th><th colspan="3">Public enterprise funds</th><th colspan="2">Trust enterprise funds</th><th colspan="4">Government-sponsored enterprises</th></tr><tr><th>Federal intermediate credit banks 3/</th><th>Federal National Mortgage Association 3/</th><th>Home Owners' Loan Corporation</th><th>Federal intermediate credit banks 3/</th><th>Federal National Mortgage Association 5/</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>1950</td><td>14</td><td>*</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>-</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>-</td><td>186</td><td>-</td><td>289</td><td>-99</td></tr><tr><td>1953</td><td>32</td><td>65</td><td>65</td><td>-</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>-</td><td>-11</td><td>-</td><td>136</td><td>-146</td></tr><tr><td colspan="11">Memorandum 6/</td></tr><tr><td>1955</td><td>-539 1/</td><td>-539</td><td>-69</td><td>-570</td><td>*</td><td>-</td><td>-</td><td>-269</td><td>10</td><td>-226</td><td>-53</td></tr><tr><td>1956</td><td>-144</td><td>-144</td><td>-44</td><td>-</td><td>*</td><td>-</td><td>-100</td><td>-872</td><td>-23</td><td>-568</td><td>-261</td></tr><tr><td>1957</td><td>-1,052</td><td>-1,052</td><td>136</td><td>-</td><td>*</td><td>-238</td><td>-950</td><td>-86</td><td>-46</td><td>191</td><td>-230</td></tr><tr><td>1958 (Est.)</td><td>-671</td><td>-671</td><td>-</td><td>-</td><td>*</td><td>-91</td><td>-580</td><td>-316</td><td>-43</td><td>-175</td><td>-98</td></tr><tr><td>1959 (Est.)</td><td>-212 2/</td><td>-212 2/</td><td>-</td><td>-</td><td>*</td><td>182</td><td>-335</td><td>-450 7/</td><td>-</td><td>-50</td><td>-100</td></tr><tr><td>1957-July</td><td>-19</td><td>-19</td><td>-</td><td>-</td><td>*</td><td>-19</td><td>-</td><td>-31</td><td>*</td><td>18</td><td>-49</td></tr><tr><td>August</td><td>-84</td><td>-84</td><td>-</td><td>-</td><td>*</td><td>-19</td><td>-65</td><td>1</td><td>-</td><td>*</td><td>1</td></tr><tr><td>September</td><td>11</td><td>11</td><td>-</td><td>-</td><td>*</td><td>12</td><td>-1</td><td>-73</td><td>-29</td><td>-45</td><td>*</td></tr><tr><td>October</td><td>-757</td><td>-757</td><td>-</td><td>-802</td><td>*</td><td>14</td><td>1</td><td>-76</td><td>-15</td><td>-61</td><td>*</td></tr><tr><td>November</td><td>24</td><td>24</td><td>-</td><td>-</td><td>*</td><td>24</td><td>*</td><td>1</td><td>1</td><td>*</td><td>*</td></tr><tr><td>December</td><td>-185</td><td>-185</td><td>-</td><td>-</td><td>*</td><td>15</td><td>-200</td><td>*</td><td>-</td><td>*</td><td>*</td></tr><tr><td>1958-January</td><td>-228</td><td>-228</td><td>-</td><td>-229</td><td>*</td><td>*</td><td>*</td><td>19</td><td>*</td><td>19</td><td>*</td></tr><tr><td>February</td><td>-140</td><td>-140</td><td>-</td><td>1</td><td>-</td><td>-41</td><td>-101</td><td>121</td><td>-</td><td>188</td><td>-27</td></tr><tr><td>March</td><td>-100</td><td>-100</td><td>-</td><td>*</td><td>-</td><td>-50</td><td>-50</td><td>214</td><td>30</td><td>183</td><td>1</td></tr></table>
Source: See Table 1.
1/ Beginning 1955 excludes net transactions of Government-sponsored enterprises (see Table 3).
2/ Total includes net sales of $59 million by the Tennessee Valley Authority, under proposed legislation.
3/ Beginning January 1979 Federal intermediate credit banks are classified as trust enterprise funds instead of public enterprise funds as before; beginning January 1959 they are classified as Government-sponsored enterprises (see Table 3, footnotes 6 and 11).
Management and liquidating functions.
Secondary market operations.
Net redemption, or sale (-), by Government-sponsored enterprises beginning 1955 is included in deposit fund expenditures in Table 3.
T/ Includes $300 million net sales by Federal intermediate credit banks (see footnote 3).
* Less than $500,000.
10
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund 1/
(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></tr><tr><th></th><th>Total 2/</th><th>Appropriations 3/</th><th>Net earnings 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>1937-50</td><td>16,657.1</td><td>15,111.9</td><td>1,517.3</td><td>8.0</td><td>-</td><td>3,754.5</td><td>3,375.6</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>1,568.5</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>1953</td><td>4,516.3</td><td>4,086.3</td><td>385.6</td><td>-</td><td>43.3</td><td>2,750.0</td><td>2,687.5</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>3,104.8</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</td><td>7,003.4</td><td>6,336.8</td><td>487.5</td><td>7.1</td><td>171.6</td><td>5,551.3</td><td>5,360.8</td><td>66.0</td></tr><tr><td>1957</td><td>7,158.8</td><td>6,301.2</td><td>555.3</td><td>5.2</td><td>296.8</td><td>6,723.0</td><td>6,514.6</td><td>58.2</td></tr><tr><td>1958 (Est.)</td><td>7,730.6</td><td>6,900.0</td><td>536.8</td><td>1.6</td><td>300.0</td><td>8,112.4</td><td>7,880.0</td><td>60.0</td></tr><tr><td>1959 (Est.)</td><td>7,932.9</td><td>7,100.0</td><td>517.8</td><td>-</td><td>315.0</td><td>8,715.4</td><td>8,500.0</td><td>62.0</td></tr><tr><td>1957-July</td><td>370.5</td><td>307.7</td><td>1.4</td><td>-</td><td>61.3</td><td>642.8</td><td>625.7</td><td>3.2</td></tr><tr><td>August</td><td>836.9</td><td>815.0</td><td>6.3</td><td>1.6</td><td>14.0</td><td>620.1</td><td>608.5</td><td>-</td></tr><tr><td>September</td><td>449.0</td><td>431.0</td><td>15.4</td><td>-</td><td>2.6</td><td>64.1</td><td>628.3</td><td>-</td></tr><tr><td>October</td><td>361.7</td><td>298.2</td><td>20.3</td><td>-</td><td>43.2</td><td>695.1</td><td>638.8</td><td>-</td></tr><tr><td>November</td><td>635.0</td><td>597.6</td><td>8.6</td><td>-</td><td>28.7</td><td>649.4</td><td>636.1</td><td>-</td></tr><tr><td>December</td><td>571.5</td><td>339.3</td><td>236.4</td><td>-</td><td>5.8</td><td>650.5</td><td>637.7</td><td>-</td></tr><tr><td>1958-January</td><td>341.1</td><td>277.5</td><td>1.4</td><td>-</td><td>62.2</td><td>719.9</td><td>632.6</td><td>72.0</td></tr><tr><td>February</td><td>897.6</td><td>847.8</td><td>11.0</td><td>-</td><td>38.7</td><td>668.4</td><td>694.7</td><td>-</td></tr><tr><td>March</td><td>614.0</td><td>558.9</td><td>15.8</td><td>-</td><td>39.2</td><td>696.7</td><td>680.7</td><td>-</td></tr><tr><td>1937 to date 7/</td><td>58,422.8</td><td>52,594.2</td><td>4,751.3</td><td>50.8</td><td>1,025.9</td><td>36,262.3</td><td>34,710.5</td><td>323.9</td></tr><tr><th>Fiscal year or month</th><th colspan="3">Expenditures, etc. - (Continued)</th><th>Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th></th><th>Reimbursements to general fund 8/</th><th>Bureau of OASI 9/</th><th></th><th></th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1937-50</td><td>247.7</td><td>141.2</td><td></td><td>12,892.6</td><td>12,892.6</td><td>12,644.8</td><td>247.8</td></tr><tr><td>1951</td><td>18.6</td><td>51.9</td><td></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></td><td>1,864.5</td><td>16,600.0</td><td>16,273.1</td><td>327.0</td></tr><tr><td>1953</td><td>24.4</td><td>65.1</td><td></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></td><td>1,675.5</td><td>20,042.6</td><td>19,339.9</td><td>702.8</td></tr><tr><td>1955</td><td>27.1</td><td>76.2</td><td></td><td>1,098.4</td><td>21,141.0</td><td>20,580.5</td><td>560.5</td></tr><tr><td>1956</td><td>30.7</td><td>93.8</td><td></td><td>1,458.1</td><td>22,593.1</td><td>22,043.0</td><td>550.1</td></tr><tr><td>1957</td><td>30.9</td><td>119.4</td><td></td><td>435.8</td><td>23,028.9</td><td>22,263.3</td><td>765.6</td></tr><tr><td>1958 (Est.)</td><td>31.0</td><td>141.4</td><td></td><td>-373.8</td><td>22,554.4</td><td>21,551.9</td><td>1,002.5</td></tr><tr><td>1959 (Est.)</td><td>30.9</td><td>152.5</td><td></td><td>-812.4</td><td>21,539.7</td><td>20,800.7</td><td>739.1</td></tr><tr><td>1957-July</td><td>4.2</td><td>9.7</td><td></td><td>-272.3</td><td>22,756.6</td><td>21,969.9</td><td>786.7</td></tr><tr><td>August</td><td>2.5</td><td>9.1</td><td></td><td>216.8</td><td>22,973.4</td><td>22,196.7</td><td>776.8</td></tr><tr><td>September</td><td>2.5</td><td>10.9</td><td></td><td>-192.7</td><td>22,760.7</td><td>21,878.8</td><td>901.9</td></tr><tr><td>October</td><td>2.6</td><td>14.7</td><td></td><td>-294.3</td><td>22,486.3</td><td>21,781.5</td><td>704.9</td></tr><tr><td>November</td><td>2.6</td><td>10.7</td><td></td><td>-14.4</td><td>22,471.9</td><td>21,621.1</td><td>850.8</td></tr><tr><td>December</td><td>2.6</td><td>10.2</td><td></td><td>-79.0</td><td>22,392.9</td><td>21,555.9</td><td>827.0</td></tr><tr><td>1958-January</td><td>3.3</td><td>11.9</td><td></td><td>-378.8</td><td>22,014.1</td><td>21,249.6</td><td>764.5</td></tr><tr><td>February</td><td>3.3</td><td>10.4</td><td></td><td>229.1</td><td>22,243.2</td><td>21,319.3</td><td>923.9</td></tr><tr><td>March</td><td>3.3</td><td>12.7</td><td></td><td>-82.7</td><td>22,160.5</td><td>21,311.7</td><td>828.8</td></tr><tr><td>1937-to date 7/</td><td>457.2</td><td>770.7</td><td></td><td>22,160.5</td><td>22,160.5</td><td>21,331.7</td><td>828.8</td></tr></table>
Source: See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Beginning 1951, to 1954, includes small amounts in the nature of recoveries from expenditures on defense operations.
3/ For basis, see "Budget Receipts and Expenditures," Table 1, Footnote 11.
4/ Through 1952, consists of transfers from general fund for administrative and other costs of benefits payable to survivors of certain World War II veterans (Stat. U.S. Stat. 1951 and 1952, 512); beginning with 1954, consists of transfers from the Railroad Retirement Account (see Table 5).
5/ To cover employees of States and their political subdivisions, under the Social Security Act Amendments of 1950 (42 U.S.C. 418).
6/ Reimbursement to the general fund pursuant to the Social Security Act Amendments of 1950 and 1956 (42 U.S.C. 401 (g) (2)).
7/ Includes adjustments to monthly statement basis.
8/ Under the Social Security Act, as amended (42 U.S.C. 401 (g) (1)), for administration of Title II of that act and related parts of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). (See also footnote 9)
2/ Salaries and expenses of the Bureau of Old-Age and Survivors Insurance are paid directly from the budget of the Department; under provisions of annual appropriation acts; previously they were included in reimbursements to the general fund under the provisions of what is now section 401 (g) (1) of the U.S. Code. Beginning 1954 includes also construction and equipment of office buildings.
10/ Excludes estimated transfer of $100.7 million representing the net of a transfer of $110 million to Railroad Retirement Account and reimbursement of $9.4 million from Federal Disability Insurance Trust fund.
11/ Excludes estimated transfer of $202.3 million representing the net of a transfer of $220 million to Railroad Retirement Account and reimbursement of $17.7 million from Federal Disability Insurance Trust Fund.
May 1958
11
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7.- Unemployment Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="6">Receipts</th></tr><tr><th>Total</th><th>State accounts</th><th colspan="2">Railroad Unemployment Insurance Account 1/</th><th>Federal Unemployment Account 1/</th><th>Interest on investments</th></tr><tr><th></th><th></th><th>Deposits by States</th><th>Contributions 2/</th><th>Transfers from Administration Fund 3/</th><th>Transfers from general fund</th><th></th></tr><tr><td>1936-50</td><td>16,024.9 2/</td><td>13,645.7</td><td>886.7</td><td>80.9</td><td>-</td><td>1,304.5</td></tr><tr><td>1951</td><td>1,941.6</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>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>1,116.2</td><td>14.2</td><td>1.6</td><td>64.3</td><td>199.1</td></tr><tr><td>1956</td><td>1,728.1</td><td>1,330.1</td><td>27.6</td><td>3.6</td><td>167.8</td><td>198.9</td></tr><tr><td>1957</td><td>1,932.0</td><td>1,541.7</td><td>71.1</td><td>3.2</td><td>71.2</td><td>224.8</td></tr><tr><td>1958 (Est.)</td><td>1,988.2</td><td>1,600.0</td><td>100.0</td><td>1.8</td><td>48.7</td><td>237.7</td></tr><tr><td>1959 (Est.)</td><td>2,005.2</td><td>1,620.0</td><td>120.0</td><td>1.8</td><td>25.2</td><td>238.2</td></tr><tr><td>1957-July</td><td>83.9</td><td>88.9</td><td>.7</td><td>-</td><td>-5.8</td><td>.1</td></tr><tr><td>August</td><td>378.8</td><td>364.2</td><td>10.0</td><td>-</td><td>4.5</td><td>.2</td></tr><tr><td>September</td><td>27.5</td><td>15.2</td><td>11.4</td><td>-</td><td>-</td><td>.9</td></tr><tr><td>October</td><td>75.2</td><td>64.5</td><td>.7</td><td>-</td><td>-1.0</td><td>11.0</td></tr><tr><td>November</td><td>253.7</td><td>244.1</td><td>9.2</td><td>-</td><td>-</td><td>.4</td></tr><tr><td>December</td><td>133.0</td><td>13.6</td><td>12.4</td><td>-</td><td>-.4</td><td>107.3</td></tr><tr><td>1958-January</td><td>43.5</td><td>43.0</td><td>.5</td><td>-</td><td>-.5</td><td>.5</td></tr><tr><td>February</td><td>176.5</td><td>168.9</td><td>7.1</td><td>-</td><td>-.5</td><td>1.0</td></tr><tr><td>March</td><td>28.0</td><td>12.6</td><td>13.7</td><td>-</td><td>-1.0</td><td>2.7</td></tr><tr><td>1936 to date 5/</td><td>28,562.8 2/</td><td>24,098.7</td><td>1,128.5</td><td>102.9</td><td>298.5</td><td>2,827.1</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>State accounts</th><th>Railroad Unemployment Insurance Account 1/</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><th></th><th></th><th>Withdrawals by States</th><th>Benefit Payments</th><th></th><th></th><th></th><th></th></tr><tr><td>1936-50</td><td>8,587.0 5/</td><td>8,072.4</td><td>407.5 1/</td><td>7,437.9</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>661.3</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>1953</td><td>1,009.8</td><td>912.6</td><td>97.3</td><td>584.0</td><td>9,246.7 6/</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>8,999.0</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</td><td>1,392.6</td><td>1,287.0</td><td>105.7</td><td>335.5</td><td>8,789.8</td><td>8,701.5</td><td>88.3</td></tr><tr><td>1957</td><td>1,643.9</td><td>1,510.7</td><td>133.1</td><td>268.2</td><td>9,057.9</td><td>8,975.7</td><td>82.3</td></tr><tr><td>1958 (Est.)</td><td>1,677.9 8/</td><td>1,545.0</td><td>127.1</td><td>310.3</td><td>9,368.3</td><td>9,310.7</td><td>57.6</td></tr><tr><td>1959 (Est.)</td><td>1,768.2 8/</td><td>1,635.0</td><td>127.1</td><td>237.0</td><td>9,605.2</td><td>9,550.7</td><td>54.5</td></tr><tr><td>1957-July</td><td>137.5</td><td>129.3</td><td>8.2</td><td>-53.6</td><td>9,004.3</td><td>8,959.9</td><td>44.4</td></tr><tr><td>August</td><td>124.4</td><td>112.9</td><td>11.5</td><td>254.3</td><td>9,258.6</td><td>9,244.4</td><td>14.2</td></tr><tr><td>September</td><td>126.6</td><td>116.2</td><td>10.5</td><td>-99.2</td><td>9,159.5</td><td>9,157.0</td><td>2.4</td></tr><tr><td>October</td><td>135.4</td><td>123.7</td><td>12.7</td><td>-61.1</td><td>9,098.3</td><td>9,071.1</td><td>27.2</td></tr><tr><td>November</td><td>145.2</td><td>131.5</td><td>13.7</td><td>108.5</td><td>9,206.8</td><td>9,130.2</td><td>16.6</td></tr><tr><td>December</td><td>233.4</td><td>214.6</td><td>18.7</td><td>-100.1</td><td>9,105.4</td><td>9,098.1</td><td>8.3</td></tr><tr><td>1958-January</td><td>313.8</td><td>318.9</td><td>24.9</td><td>-300.3</td><td>8,306.1</td><td>8,783.6</td><td>22.5</td></tr><tr><td>February</td><td>330.6</td><td>305.9</td><td>24.7</td><td>-154.1</td><td>8,652.0</td><td>8,537.3</td><td>14.7</td></tr><tr><td>March</td><td>418.1</td><td>392.5</td><td>25.6</td><td>-390.1</td><td>8,261.9</td><td>8,297.5</td><td>6.4</td></tr><tr><td>1936 to date 6/</td><td>20,301.0 5/</td><td>18,853.4</td><td>1,340.4</td><td>8,261.9</td><td>8,261.9</td><td>8,257.5</td><td>4.4</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/ 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/ Excess funds of the Railroad Unemployment Insurance Administration Fund, transferred under act of October 10, 1940 (45 U.S.C. 361(a)).
4/ Established by an act approved August 5, 1956 (42 U.S.C. 1102). The excess of Federal unemployment tax collections over employment security administrative expenses is transferred to this account until a reserve of $200 million has been built up, which is available for advances to States. Any excess of tax collections not transferred to this account
5/ Total includes $107.2 million transferred from State accounts to the Railroad Unemployment Insurance Account in connection with its establishment under Railroad Unemployment Insurance Act, as amended (45 U.S.C. 363).
6/ Includes adjustments to monthly statement basis.
7/ 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 retroactive change in tax rate (45 U.S.C. 358).
8/ Includes estimated advances of $5.8 million for 1958 and $6.2 million for 1959 to Labor Department, Bureau of Employment Security, for administrative expenses.
12
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Railroad Retirement Account
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="4">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>Appropriations 1/</th><th>Interest on investments</th><th>Total</th><th>Benefit payments</th><th>Administrative expenses 2/</th><th>Transfers to FASl Trust Fund 3/</th><th></th><th>Total</th><th>Investments</th><th>Unexpended balance 1/</th></tr><tr><td>1936-50.........</td><td>4,326.5</td><td>4,088.0</td><td>238.5</td><td>2,082.6</td><td>2,078.1</td><td>4.5</td><td>-</td><td>2,240.0</td><td>2,244.0</td><td>2,057.6</td><td>196.4</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 5/</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>2,963.1</td><td>59.8</td></tr><tr><td>1953.........</td><td>742.3</td><td>653.0</td><td>89.3</td><td>465.2</td><td>458.9</td><td>6.1</td><td>-</td><td>277.2</td><td>3,201.9 6/</td><td>3,142.8</td><td>59.1</td></tr><tr><td>1954.........</td><td>717.9</td><td>619.2 5/</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>1956 1/.........</td><td>740.4</td><td>635.3</td><td>105.0</td><td>610.6</td><td>596.4</td><td>6.8</td><td>7.4</td><td>129.7</td><td>3,662.3</td><td>3,605.5</td><td>55.7</td></tr><tr><td>1957.........</td><td>722.6</td><td>615.9</td><td>106.7</td><td>682.0</td><td>669.7</td><td>7.1</td><td>5.2</td><td>40.5</td><td>3,702.8</td><td>3,642.1</td><td>60.7</td></tr><tr><td>1958 (Est.).....</td><td>729.6</td><td>620.0</td><td>109.6</td><td>716.6</td><td>707.0</td><td>8.0</td><td>1.6</td><td>13.0</td><td>3,825.8 8/</td><td>3,767.0</td><td>98.8</td></tr><tr><td>1959 (Est.).....</td><td>739.0</td><td>625.0</td><td>114.0</td><td>751.4</td><td>746.0</td><td>8.4</td><td>-</td><td>-15.4</td><td>4,020.4 9/</td><td>3,960.5</td><td>59.9</td></tr><tr><td>1957-July......</td><td>18.8</td><td>18.5</td><td>.2</td><td>57.7</td><td>56.8</td><td>.9</td><td>-</td><td>-38.9</td><td>3,663.9</td><td>3,603.6</td><td>60.3</td></tr><tr><td>August.........</td><td>85.5</td><td>84.4</td><td>1.1</td><td>59.9</td><td>57.5</td><td>.8</td><td>1.6</td><td>25.6</td><td>3,589.5</td><td>3,534.7</td><td>54.7</td></tr><tr><td>September.....</td><td>54.8</td><td>53.9</td><td>.9</td><td>58.9</td><td>58.2</td><td>.7</td><td>-</td><td>-4.2</td><td>3,585.3</td><td>3,524.5</td><td>60.8</td></tr><tr><td>October.........</td><td>31.2</td><td>30.4</td><td>.8</td><td>59.7</td><td>59.1</td><td>.6</td><td>-</td><td>-28.5</td><td>3,566.8</td><td>3,586.6</td><td>74.2</td></tr><tr><td>November......</td><td>72.1</td><td>68.8</td><td>3.3</td><td>59.3</td><td>58.8</td><td>.6</td><td>-</td><td>12.8</td><td>3,569.6</td><td>3,507.2</td><td>62.3</td></tr><tr><td>December......</td><td>50.6</td><td>49.2</td><td>1.5</td><td>59.4</td><td>58.8</td><td>.6</td><td>-</td><td>-8.8</td><td>3,660.8</td><td>3,595.1</td><td>64.7</td></tr><tr><td>1958-January....</td><td>25.3</td><td>18.7</td><td>6.6</td><td>62.7</td><td>61.9</td><td>.8</td><td>-</td><td>-37.4</td><td>3,623.4</td><td>3,559.9</td><td>63.5</td></tr><tr><td>February......</td><td>86.3</td><td>77.7</td><td>8.6</td><td>60.7</td><td>60.2</td><td>.6</td><td>-</td><td>25.6</td><td>3,649.0</td><td>3,585.7</td><td>63.2</td></tr><tr><td>March.........</td><td>44.7</td><td>43.0</td><td>1.8</td><td>61.9</td><td>61.0</td><td>.9</td><td>-</td><td>-17.2</td><td>3,631.8</td><td>3,578.0</td><td>53.8</td></tr><tr><td>1936 to date 6/</td><td>9,811.3</td><td>8,898.3</td><td>912.9</td><td>6,179.5</td><td>6,090.1</td><td>54.0</td><td>35.4</td><td>3,631.8</td><td>3,631.8</td><td>3,578.0</td><td>53.8</td></tr></table>
Source: See Table 1.
1/ Includes the Government's contribution for creditable military service (45 U.S.C. 228c - 1 (n)). Beginning 1952, appropriations of receipts are equal to the amount of taxes deposited in the Treasury (less refund under the Railroad 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 unappropriated transfers of tax receipts.
2/ Filed from the trust fund beginning 1950 (53 Stat. 297).
3/ Pursuant to the Financial Interchange provisions of the Railroad Retirement Act, as amended October 30, 1951 (45 U.S.C. 228e).
b/ Includes unappropriated receipts beginning fiscal year 1954.
2/ Appropriations reduced by $19.8 million in November 1951 and $18.7 million in August 1953 and these amounts transferred to surplus (65 Stat. 755; 67 Stat. 245).
6/ Includes adjustments to monthly statement basic.
7/ Includes adjustment due to reporting change to a collection basic.
3/ Includes estimated transfer of $110 million from Federal Old-age and survivors insurance trust fund.
2/ Includes estimated net transfer of $210 million representing $220 million from Federal old-age and survivors insurance trust fund and $10 million to Federal disability insurance trust fund.
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 refund</th><th>Special dividends</th><th></th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1941-50</td><td>9,759.2</td><td>4,604.6</td><td>1,160.2</td><td>994.5</td><td>4,363.4</td><td>1,730.4</td><td>2,633.0</td><td>5,395.8</td><td>5,395.8</td><td>5,342.1</td><td>53.6</td></tr><tr><td>1952</td><td>681.7</td><td>480.1</td><td>13.4</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>1953</td><td>786.0</td><td>466.4</td><td>203.5</td><td>156.2</td><td>996.3</td><td>455.9</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>1954</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>1955</td><td>619.3</td><td>390.8</td><td>72.1</td><td>156.4</td><td>682.6</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>1955</td><td>590.5</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>92.6</td><td>5,353.7</td><td>5,345.6</td><td>8.0</td></tr><tr><td>1956</td><td>649.3</td><td>410.2</td><td>78.4</td><td>160.7</td><td>512.0</td><td>512.0</td><td>515.0</td><td>137.3</td><td>5,491.0</td><td>5,481.1</td><td>9.9</td></tr><tr><td>1957</td><td>607.5</td><td>424.8</td><td>19.3</td><td>163.4</td><td>515.0</td><td>515.0</td><td></td><td>92.5</td><td>5,583.5</td><td>5,570.3</td><td>13.2</td></tr><tr><td>1958 (Est.)</td><td>631.1</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>556.2</td><td>556.2</td><td></td><td>74.9</td><td>5,658.4</td><td>5,645.3</td><td>13.1</td></tr><tr><td>1959 (Est.)</td><td>640.4</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>562.1</td><td>562.1</td><td></td><td>78.3</td><td>5,736.8</td><td>5,724.3</td><td>12.4</td></tr><tr><td>1957-July</td><td>42.2</td><td>40.4</td><td>1.8</td><td>*</td><td>48.8</td><td>48.8</td><td></td><td>-6.6</td><td>5,576.9</td><td>5,566.3</td><td>10.6</td></tr><tr><td>August</td><td>41.7</td><td>39.8</td><td>1.9</td><td>*</td><td>45.5</td><td>45.5</td><td></td><td>-3.8</td><td>5,573.1</td><td>5,562.3</td><td>10.8</td></tr><tr><td>September</td><td>34.3</td><td>34.0</td><td>-3</td><td>.1</td><td>43.6</td><td>43.6</td><td></td><td>-9.2</td><td>5,563.9</td><td>5,552.3</td><td>11.6</td></tr><tr><td>October</td><td>40.3</td><td>38.6</td><td>1.6</td><td>*</td><td>43.4</td><td>43.4</td><td></td><td>-3.1</td><td>5,560.8</td><td>5,550.3</td><td>10.4</td></tr><tr><td>November</td><td>37.5</td><td>36.0</td><td>1.5</td><td>*</td><td>41.2</td><td>41.2</td><td></td><td>-3.7</td><td>5,557.1</td><td>5,546.3</td><td>10.8</td></tr><tr><td>December</td><td>37.4</td><td>36.6</td><td>.7</td><td>.1</td><td>40.4</td><td>40.4</td><td></td><td>-3.0</td><td>5,554.1</td><td>5,540.3</td><td>13.8</td></tr><tr><td>1958-January</td><td>45.1</td><td>43.5</td><td>1.6</td><td>*</td><td>48.8</td><td>48.8</td><td></td><td>-3.7</td><td>5,550.4</td><td>5,538.3</td><td>12.1</td></tr><tr><td>February</td><td>41.8</td><td>40.5</td><td>1.2</td><td>.1</td><td>45.7</td><td>45.7</td><td></td><td>-3.9</td><td>5,546.5</td><td>5,534.3</td><td>12.2</td></tr><tr><td>March</td><td>38.1</td><td>37.3</td><td>.7</td><td>.1</td><td>41.7</td><td>41.7</td><td></td><td>-3.6</td><td>5,542.9</td><td>5,531.3</td><td>11.6</td></tr><tr><td>1941 to date</td><td>14,690.6</td><td>7,886.8</td><td>4,699.8</td><td>2,104.0</td><td>9,147.7</td><td>9,147.7</td><td></td><td>5,542.9</td><td>5,542.9</td><td>5,531.3</td><td>11.6</td></tr></table>
Source: See Table 1. Note: This fund was established by the National Service Life Insurance Act of 1940 (38 U.S.C. 805).
* Less than $50,000. n.a. Not available.
May 1958
13
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 10.- Investments of Specified Trust Accounts in Public Debt Securities, by Issues, as of March 31, 1958
(In millions of dollars)
<table><tr><th>Issue</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Reilroad 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>1½ 3-3/4 - Series C-1958.................... - - Series D-1958.................... -</td><td>-</td><td>-</td><td>20.0 10.0</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td></tr><tr><td>2-7/8¾ - Series A-1958.................... 143.5 - - Series A-1960.................... 62.5 - - Series A-1961.................... 113.1 - - Series A-1962.................... 176.0 - - Series B-1962.................... 15.0 - - Series C-1962.................... 20.0 -</td><td>-</td><td>-</td><td>- 10.0 10.0 5.2 10.0 15.0</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td></tr><tr><td>2-3/8¾ - 1958.................... .5 - - 1959-62 (dated 6/1/45).................... .9 - - 1959-62 (dated 11/15/45).................... 3.3 -</td><td>-</td><td>-</td><td>- .4.0</td></tr><tr><td>2-3/4 - 1961.................... 2.0 - - 1961.................... 10.4 - - 1962-67.................... 58.5 .3</td><td>-</td><td>-</td><td>15.0 - 51.0</td></tr><tr><td>2-1/2 - 1963.................... 4.5 - - 1963-68.................... 116.5 1.1 - 1964-69 (dated 4/15/43).................... 20.8 3.1</td><td>-</td><td>-</td><td>- 55.0 29.0</td></tr><tr><td>2-1/2 - 1964-69 (dated 9/15/43).................... 75.3 4.8 - 1965-70.................... 456.5 1.0 - 1966.................... 25.0 15.0 - 1966-71.................... 308.1 .8</td><td>-</td><td>-</td><td>7.0 - 10.0 -</td></tr><tr><td>2-1/2 - 1967-72 (dated 6/1/45).................... 2.6 3.1 - 1967-72 (dated 10/20/41).................... 138.2 2.3 - 1967-72 (dated 11/15/45).................... 9.8 2.3</td><td>-</td><td>-</td><td>- 7.0 -</td></tr><tr><td>4 - 1969.................... 26.5 25.0 - 1974.................... 25.0 25.0 - 1978-83.................... 85.1 5.0 - 1990.................... 56.5 5.0</td><td>-</td><td>-</td><td>10.0 5.0 50.0 -</td></tr><tr><td>3 - 1995.................... 85.2 3.2 - Investment Series B-1975-80.................... 1,064.9 -</td><td>-</td><td>-</td><td>- 74.5 -</td></tr><tr><td>Total public issues.................... 3,072.3</td><td></td><td>92.0</td><td>1,069.2</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>2-1/2¾ - Series 1958.................... 13,759.9 - - Series 1958.................... - - - Series 1958.................... -</td><td></td><td>-</td><td>- 6,966.2 221.3</td></tr><tr><td>Notes:</td><td></td><td></td><td></td></tr><tr><td>3½ - Series 1958 to 1962.................... - - - Series 1959 to 1962.................... 2,000.0</td><td></td><td>3,486.0</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td></tr><tr><td>2-1/2¾ - Series 1963-1967.................... 2,500.0 -</td><td></td><td>-</td><td>-</td></tr><tr><td>Total special issues.................... 18,259.9</td><td></td><td>3,486.0</td><td>7,187.6</td></tr><tr><td>Net unamortized premium and discount.................... -.5</td><td></td><td>-</td><td>.7</td></tr><tr><td>Accrued interest purchased.................... *</td><td></td><td>-</td><td>*</td></tr><tr><td>Total investments.................... 21,331.7</td><td></td><td>3,578.0</td><td>8,257.5</td></tr></table>
Source: Bureau of Accounts. * Less than $50,000.
14
Treasury Bulletin
CASH INCOME AND OUTGO
The cash income and outgo data appearing in the "Treasury Bulletin," beginning with the February 1956 issue, are on a basis consistent with receipts from and payments to the public as derived in the 1957 and subsequent Budgets 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 documents. There is also shown the amount 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 Budget classifications as available data 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 Budget 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 in payments on a net basis as reflected in Treasury reports. Major intragovernmental transactions which are reported as both 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 made. Receipts from the exercise of monetary authority (mostly seigniorage 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 Treasurer'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 exercises 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.
May 1958
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: Re-ceipts from exercise of monetary authority</th><th colspan="2">Equals: Change in cash balances</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>1950</td><td>40,940</td><td>43,117</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>1953</td><td>71,499</td><td>76,773</td><td>-5,274</td><td>2,919</td><td>56</td><td>-2,899</td><td>-</td></tr><tr><td>1954</td><td>71,527</td><td>71,860</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</td><td>-2,702</td><td>1,809</td><td>29</td><td>-551</td><td>-312</td></tr><tr><td>1956</td><td>77,088</td><td>72,617</td><td>4,471</td><td>-4,366</td><td>23</td><td>331</td><td>-202</td></tr><tr><td>1957</td><td>82,107</td><td>80,008</td><td>2,099</td><td>-3,100</td><td>49</td><td>-956</td><td>5</td></tr><tr><td>1958 (Est.)</td><td>85,113</td><td>84,938</td><td>175</td><td>196</td><td>55</td><td>410</td><td>17</td></tr><tr><td>1959 (Est.)</td><td>87,286</td><td>86,662</td><td>624</td><td>-679</td><td>55</td><td>-</td><td>-</td></tr><tr><td>1957-July</td><td>3,801</td><td>7,160</td><td>-3,359</td><td>2,373</td><td>2</td><td>-1,115</td><td>111</td></tr><tr><td>August</td><td>6,786</td><td>7,189</td><td>-399</td><td>776</td><td>5</td><td>423</td><td>-40</td></tr><tr><td>September</td><td>8,066</td><td>6,754</td><td>1,311</td><td>1,014</td><td>5</td><td>2,436</td><td>-106</td></tr><tr><td>October</td><td>3,896</td><td>7,501</td><td>-3,605</td><td>500</td><td>6</td><td>-3,028</td><td>-72</td></tr><tr><td>November</td><td>6,075</td><td>6,219</td><td>-144</td><td>665</td><td>4</td><td>558</td><td>-33</td></tr><tr><td>December</td><td>6,433</td><td>7,119</td><td>-686</td><td>383</td><td>4</td><td>-259</td><td>-40</td></tr><tr><td>1958-January</td><td>5,374</td><td>6,377</td><td>-1,003</td><td>-36</td><td>6</td><td>-1,101</td><td>68</td></tr><tr><td>February</td><td>7,759</td><td>6,740</td><td>1,020</td><td>-107</td><td>6</td><td>888</td><td>30</td></tr><tr><td>March</td><td>10,485</td><td>6,509</td><td>3,976</td><td>-2,114</td><td>8</td><td>1,682</td><td>187</td></tr><tr><td>1958 to date</td><td>58,675</td><td>61,563</td><td>-2,888</td><td>3,454</td><td>45</td><td>486</td><td>125</td></tr></table>
Source: Actual figures through 1952 are based on the daily Treasury statement and thereafter they are based in part also on the monthly statement of receipts and expenditures of the Government (for ex-
planation of reporting bases, see page II); estimates are based on the 1959 Budget document, released January 13, 1958, including effects of proposed legislation.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th>Piece year or month</th><th colspan="3">Net cash transactions other then 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>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>45,718</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>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>-551</td></tr><tr><td>1956</td><td>77,079</td><td>71,984</td><td>5,096</td><td>-4,765</td><td>311</td></tr><tr><td>1957</td><td>81,875</td><td>79,183</td><td>2,692</td><td>-3,648</td><td>-996</td></tr><tr><td>1958 (Est.)</td><td>85,168</td><td>84,955</td><td>213</td><td>196</td><td>410</td></tr><tr><td>1959 (Est.)</td><td>87,341</td><td>86,662</td><td>679</td><td>-679</td><td>-</td></tr><tr><td>1957-July</td><td>3,615</td><td>7,092</td><td>-3,477</td><td>2,350</td><td>-1,115</td></tr><tr><td>August</td><td>7,104</td><td>7,404</td><td>-300</td><td>723</td><td>423</td></tr><tr><td>September</td><td>8,115</td><td>6,647</td><td>1,468</td><td>968</td><td>2,436</td></tr><tr><td>October</td><td>3,410</td><td>6,930</td><td>-3,510</td><td>691</td><td>-3,008</td></tr><tr><td>November</td><td>6,563</td><td>6,553</td><td>10</td><td>648</td><td>558</td></tr><tr><td>December</td><td>6,682</td><td>7,203</td><td>-581</td><td>382</td><td>-259</td></tr><tr><td>1958-January</td><td>4,891</td><td>5,940</td><td>-1,050</td><td>-52</td><td>-1,101</td></tr><tr><td>February</td><td>7,898</td><td>6,854</td><td>1,043</td><td>-155</td><td>888</td></tr><tr><td>March</td><td>11,000</td><td>7,193</td><td>3,847</td><td>-2,169</td><td>1,600</td></tr><tr><td>April</td><td>4,484</td><td>6,704</td><td>-2,220</td><td>2,632</td><td>412</td></tr><tr><td>1998 to date</td><td>63,602</td><td>68,480</td><td>-4,879</td><td>5,776</td><td>897</td></tr></table>
Source: Actual figures are based on the daily Treasury statement; estimates are based on the 1959 Budget document, released January 13, 1958, 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.
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 rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="3">Less: Deductions from receipts</th><th rowspan="2">Equals: Federal receipts from the public</th><th colspan="2">Reconciliation to cash transactions in Treasurer's account</th><th rowspan="2">Equals: Cash deposits in the Treasurer's account</th></tr><tr><th>Budget (net) 1/</th><th>Trust account 2/</th><th>Total</th><th>Intergovernmental transactions (See Table 5)</th><th>Excess profit tax refund bond repayments 3/</th><th>Receipts from exercise of monetary authority 4/</th><th>Total deductions</th><th>Plus: Receipts from exercise of monetary authority 4/</th><th>Adjustment for net difference due to reporting method (See also Table 6)</th></tr><tr><td>1950</td><td>36,495</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>7,196</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>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>71,289</td></tr><tr><td>1954</td><td>64,659</td><td>9,155</td><td>73,814</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</td><td>67,758</td></tr><tr><td>1956</td><td>68,165</td><td>11,685</td><td>79,851</td><td>2,739</td><td>*</td><td>23</td><td>2,763</td><td>77,088</td><td>23</td><td>-32</td><td>77,079</td></tr><tr><td>1957</td><td>71,029</td><td>14,369</td><td>85,397</td><td>3,242</td><td>*</td><td>49</td><td>3,290</td><td>82,107</td><td>49</td><td>-281</td><td>81,875</td></tr><tr><td>1958 (Est.)</td><td>72,400</td><td>16,373</td><td>88,773</td><td>3,605</td><td>*</td><td>55</td><td>3,660</td><td>85,113</td><td>55</td><td>-</td><td>85,168</td></tr><tr><td>1959 (Est.)</td><td>74,400</td><td>16,619</td><td>91,019</td><td>3,678</td><td>*</td><td>55</td><td>3,733</td><td>87,286</td><td>55</td><td>-</td><td>87,341</td></tr><tr><td>1957-July</td><td>3,057</td><td>858</td><td>3,915</td><td>113</td><td>*</td><td>2</td><td>114</td><td>3,801</td><td>2</td><td>-187</td><td>3,615</td></tr><tr><td>August</td><td>5,128</td><td>1,778</td><td>6,907</td><td>115</td><td>*</td><td>5</td><td>120</td><td>6,786</td><td>5</td><td>312</td><td>7,104</td></tr><tr><td>September</td><td>7,225</td><td>972</td><td>8,197</td><td>126</td><td>*</td><td>5</td><td>131</td><td>8,066</td><td>5</td><td>44</td><td>8,115</td></tr><tr><td>October</td><td>3,131</td><td>938</td><td>4,069</td><td>167</td><td>*</td><td>6</td><td>173</td><td>3,896</td><td>6</td><td>-491</td><td>3,410</td></tr><tr><td>November</td><td>4,827</td><td>1,418</td><td>6,246</td><td>186</td><td>*</td><td>4</td><td>189</td><td>6,075</td><td>4</td><td>384</td><td>6,463</td></tr><tr><td>December</td><td>5,956</td><td>1,284</td><td>7,140</td><td>703</td><td>*</td><td>4</td><td>707</td><td>6,433</td><td>4</td><td>185</td><td>6,622</td></tr><tr><td>1958-January</td><td>4,186</td><td>820</td><td>5,006</td><td>227</td><td>*</td><td>6</td><td>233</td><td>5,374</td><td>6</td><td>-489</td><td>4,891</td></tr><tr><td>February</td><td>6,299</td><td>1,684</td><td>7,983</td><td>217</td><td>*</td><td>6</td><td>223</td><td>7,759</td><td>6</td><td>132</td><td>7,896</td></tr><tr><td>March</td><td>9,501</td><td>1,227</td><td>10,628</td><td>135</td><td>*</td><td>8</td><td>143</td><td>10,485</td><td>8</td><td>507</td><td>11,000</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 rowspan="2">Fiscal year or month</th><th colspan="4">Expenditures</th><th colspan="2">Less: Deductions from expenditures</th><th colspan="3">Reconciliation to cash transactions in the Treasurer's account</th><th rowspan="2">Equals: Cash with-drawals from the Treasurer's account</th></tr><tr><th>Budget 2/</th><th>Trust and deposit fund account 2/</th><th>Government-sponsored enterprise (net) 1/</th><th>Total</th><th>Intra-governmental transactions (See Table 5)</th><th>Accrued interest and other noncash expenditures (See Table 6)</th><th>Equals: Federal payments to the public</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 also Table 3)</th></tr><tr><td>1950</td><td>39,617</td><td>6,964</td><td>-83</td><td>46,497</td><td>2,197</td><td>1,153</td><td>43,247</td><td>-</td><td>68</td><td>43,079</td></tr><tr><td>1951</td><td>44,058</td><td>3,654</td><td>291</td><td>48,002</td><td>1,530</td><td>275</td><td>45,797</td><td>-</td><td>79</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>67,954</td><td>-</td><td>170</td><td>67,794</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>76,407</td></tr><tr><td>1954</td><td>67,772</td><td>7,204</td><td>6/ -435</td><td>74,542</td><td>2,110</td><td>572</td><td>71,860</td><td>-257</td><td>256</td><td>71,974</td></tr><tr><td>1955</td><td>64,570</td><td>8,546</td><td>98</td><td>73,214</td><td>2,061</td><td>615</td><td>70,538</td><td>312</td><td>230</td><td>69,888</td></tr><tr><td>1956</td><td>66,540</td><td>9,436</td><td>324</td><td>76,299</td><td>2,739</td><td>943</td><td>72,617</td><td>202</td><td>399</td><td>71,984</td></tr><tr><td>1957</td><td>69,133</td><td>12,961</td><td>45</td><td>82,139</td><td>3,242</td><td>-811</td><td>80,008</td><td>-5</td><td>549</td><td>79,163</td></tr><tr><td>1958 (Est.)</td><td>72,788</td><td>15,196</td><td>278</td><td>88,262</td><td>3,605</td><td>-281</td><td>84,938</td><td>-17</td><td>-</td><td>84,955</td></tr><tr><td>1959 (Est.)</td><td>73,934</td><td>16,364</td><td>334</td><td>90,632</td><td>3,678</td><td>291</td><td>86,662</td><td>-</td><td>-</td><td>86,662</td></tr><tr><td>1957-July</td><td>6,347</td><td>1,220</td><td>88</td><td>7,655</td><td>113</td><td>383</td><td>7,160</td><td>-131</td><td>11</td><td>7,092</td></tr><tr><td>August</td><td>5,930</td><td>1,075</td><td>47</td><td>7,052</td><td>125</td><td>-288</td><td>7,185</td><td>40</td><td>53</td><td>7,104</td></tr><tr><td>September</td><td>5,667</td><td>1,086</td><td>102</td><td>6,855</td><td>126</td><td>-26</td><td>6,779</td><td>106</td><td>46</td><td>6,647</td></tr><tr><td>October</td><td>6,501</td><td>1,387</td><td>31</td><td>7,918</td><td>167</td><td>250</td><td>7,501</td><td>72</td><td>8</td><td>6,930</td></tr><tr><td>November</td><td>5,806</td><td>964</td><td>4</td><td>6,773</td><td>186</td><td>368</td><td>6,219</td><td>33</td><td>17</td><td>6,553</td></tr><tr><td>December</td><td>5,809</td><td>1,402</td><td>7</td><td>7,218</td><td>703</td><td>-604</td><td>7,119</td><td>40</td><td>61</td><td>7,020</td></tr><tr><td>1958-January</td><td>6,011</td><td>1,651</td><td>-441</td><td>7,221</td><td>227</td><td>618</td><td>6,377</td><td>-68</td><td>25</td><td>5,980</td></tr><tr><td>February</td><td>5,528</td><td>1,317</td><td>-255</td><td>6,590</td><td>217</td><td>-367</td><td>6,740</td><td>-30</td><td>48</td><td>6,854</td></tr><tr><td>March</td><td>5,749</td><td>1,564</td><td>-291</td><td>7,001</td><td>135</td><td>377</td><td>6,509</td><td>-187</td><td>51</td><td>7,113</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
May 1958
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 5/</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 uninvested trust funds</th><th>Payroll deductions for employee retirement 4/</th><th>Other 5/</th><th></th></tr><tr><td>1950</td><td>72</td><td>*</td><td>18</td><td>29</td><td>880</td><td>4</td><td>358</td><td>834</td><td>2</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>2</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>3</td><td>2,116</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>7</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>18</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>16</td><td>2,061</td></tr><tr><td>1956</td><td>297</td><td>18</td><td>102</td><td>2</td><td>1,207</td><td>5</td><td>574</td><td>521</td><td>12</td><td>2,739</td></tr><tr><td>1957</td><td>455</td><td>10</td><td>104</td><td>1</td><td>1,318</td><td>6</td><td>644</td><td>695</td><td>10</td><td>3,242</td></tr><tr><td>1958 (Est.)</td><td>605</td><td>9</td><td>206</td><td>1</td><td>1,321</td><td>6</td><td>686</td><td>764</td><td>6</td><td>3,605</td></tr><tr><td>1959 (Est.)</td><td>632</td><td>10</td><td>226</td><td>1</td><td>1,335</td><td>6</td><td>662</td><td>800</td><td>4</td><td>3,678</td></tr><tr><td>1957-July</td><td>24</td><td>-</td><td>8</td><td>-</td><td>2</td><td>-</td><td>51</td><td>28</td><td>*</td><td>113</td></tr><tr><td>August</td><td>20</td><td>-</td><td>5</td><td>*</td><td>9</td><td>*</td><td>50</td><td>28</td><td>2</td><td>115</td></tr><tr><td>September</td><td>*</td><td>-</td><td>3</td><td>1</td><td>18</td><td>1</td><td>56</td><td>46</td><td>1</td><td>126</td></tr><tr><td>October</td><td>8</td><td>-</td><td>3</td><td>*</td><td>33</td><td>*</td><td>59</td><td>62</td><td>1</td><td>167</td></tr><tr><td>November</td><td>5</td><td>3</td><td>57</td><td>-</td><td>15</td><td>2</td><td>50</td><td>53</td><td>1</td><td>186</td></tr><tr><td>December</td><td>224</td><td>-</td><td>5</td><td>*</td><td>348</td><td>1</td><td>62</td><td>63</td><td>1</td><td>703</td></tr><tr><td>1958-January</td><td>15</td><td>-</td><td>76</td><td>-</td><td>9</td><td>*</td><td>62</td><td>64</td><td>1</td><td>227</td></tr><tr><td>February</td><td>25</td><td>-</td><td>46</td><td>-</td><td>26</td><td>1</td><td>57</td><td>61</td><td>1</td><td>217</td></tr><tr><td>March</td><td>*</td><td>-</td><td>4</td><td>-</td><td>22</td><td>2</td><td>52</td><td>54</td><td>1</td><td>135</td></tr></table>
Source: See Table 1.
Footnotes 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>Clearing 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>Clearing 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>1950</td><td>574</td><td>-</td><td>-2</td><td>-95</td><td>-41</td><td>207</td><td>28</td><td>483</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>-63</td><td>-</td><td>-9</td><td>-</td><td>-401</td><td>279</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</td><td>456</td><td>-15</td><td>*</td><td>-7</td><td>-</td><td>175</td><td>-</td><td>335</td><td>943</td></tr><tr><td>1957</td><td>388</td><td>234</td><td>*</td><td>-6</td><td>-</td><td>-674</td><td>-</td><td>-753</td><td>-511</td></tr><tr><td>1958 (Est.)</td><td>265</td><td>-</td><td>*</td><td>-4</td><td>-</td><td>-500</td><td>-</td><td>-42</td><td>-231</td></tr><tr><td>1959 (Est.)</td><td>200</td><td>-</td><td>*</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>94</td><td>291</td></tr><tr><td>1957-July</td><td>121</td><td>143</td><td>*</td><td>-1</td><td>-</td><td>-121</td><td>-</td><td>240</td><td>383</td></tr><tr><td>August</td><td>77</td><td>-234</td><td>*</td><td>*</td><td>-</td><td>-37</td><td>-</td><td>-53</td><td>-248</td></tr><tr><td>September</td><td>13</td><td>222</td><td>*</td><td>*</td><td>-</td><td>-81</td><td>-</td><td>-179</td><td>-26</td></tr><tr><td>October</td><td>17</td><td>243</td><td>*</td><td>*</td><td>-</td><td>-49</td><td>-</td><td>39</td><td>250</td></tr><tr><td>November</td><td>13</td><td>260</td><td>*</td><td>*</td><td>-</td><td>-26</td><td>-</td><td>122</td><td>368</td></tr><tr><td>December</td><td>48</td><td>-157</td><td>*</td><td>*</td><td>-</td><td>-8</td><td>-</td><td>-487</td><td>-604</td></tr><tr><td>1958-January</td><td>31</td><td>41</td><td>*</td><td>*</td><td>-</td><td>-13</td><td>-</td><td>559</td><td>618</td></tr><tr><td>February</td><td>-44</td><td>-274</td><td>*</td><td>-1</td><td>-</td><td>-8</td><td>-</td><td>-40</td><td>-367</td></tr><tr><td>March</td><td>-11</td><td>216</td><td>*</td><td>*</td><td>-</td><td>-56</td><td>-</td><td>228</td><td>377</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)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Change in public debt and agency obligations held by the public</th></tr><tr><th>Public debt increase, or decrease (-)</th><th colspan="2">Pluse: Net sale of obligations of Government enterprises in the market</th><th colspan="2">Lease: 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><th></th></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>3,359</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>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>5,189</td><td>-14</td><td>11</td><td>1,686 1/2</td><td>-77</td><td>446 1/2</td><td>3,130</td></tr><tr><td>1955</td><td>3,115</td><td>602</td><td>269</td><td>1,236</td><td>126</td><td>171</td><td>2,454</td></tr><tr><td>1956</td><td>-1,623</td><td>173</td><td>872</td><td>2,516 2/3</td><td>101</td><td>549</td><td>-3,743</td></tr><tr><td>1957</td><td>-2,224</td><td>1,085</td><td>86</td><td>2,262</td><td>36</td><td>41</td><td>-3,392</td></tr><tr><td>1958 (Est.)</td><td>673</td><td>680</td><td>316</td><td>1,546</td><td>127</td><td>38</td><td>-42</td></tr><tr><td>1959 (Est.)</td><td>-</td><td>203</td><td>450</td><td>907</td><td>112</td><td>116</td><td>-482</td></tr><tr><td>1957-July</td><td>1,942</td><td>15</td><td>31</td><td>-319</td><td>-5</td><td>-58</td><td>2,373</td></tr><tr><td>August</td><td>1,376</td><td>87</td><td>-1</td><td>685</td><td>9</td><td>-48</td><td>816</td></tr><tr><td>September</td><td>567</td><td>-6</td><td>73</td><td>-298</td><td>16</td><td>-28</td><td>945</td></tr><tr><td>October</td><td>-345</td><td>745</td><td>76</td><td>-35</td><td>-2</td><td>46</td><td>467</td></tr><tr><td>November</td><td>679</td><td>-23</td><td>-1</td><td>1</td><td>8</td><td>-5</td><td>692</td></tr><tr><td>December</td><td>151</td><td>186</td><td>*</td><td>-48</td><td>-32</td><td>-7</td><td>424</td></tr><tr><td>1958-January</td><td>-343</td><td>225</td><td>-19</td><td>-559</td><td>18</td><td>422</td><td>-18</td></tr><tr><td>February</td><td>124</td><td>142</td><td>-121</td><td>163</td><td>8</td><td>134</td><td>-299</td></tr><tr><td>March</td><td>-2,055</td><td>101</td><td>-214</td><td>-118</td><td>54</td><td>78</td><td>-2,161</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="6">Lease: Deductions for noncash and other transactions</th><th rowspan="2">Equals: Net cash borrowing from the public, or repayment (-)</th><th rowspan="2">Less: 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>Net accrued interest on savings bonds and Treasury bills 3/</th><th>Adjusted service bonds 2/</th><th>Armed forces lease bonds 2/</th><th colspan="3">Special notes of U.S. 5/</th><th>Total deductions</th></tr><tr><th></th><th></th><th></th><th></th><th>International Bank series</th><th>International Monetary Fund series</th><th>Excess profits tax refund bonds 5/</th><th></th><th></th><th></th></tr><tr><td>1950</td><td>574</td><td>-2</td><td>-95</td><td>-41</td><td>207</td><td>-1</td><td>642</td><td>4,229</td><td>68</td><td>4,161</td></tr><tr><td>1951</td><td>638</td><td>-1</td><td>-160</td><td>-</td><td>13</td><td>-1</td><td>489</td><td>-5,796</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>-9</td><td>-1</td><td>680</td><td>-505</td><td>170</td><td>-674</td></tr><tr><td>1953</td><td>718</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>256</td><td>2,255</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</td><td>456</td><td>*</td><td>-7</td><td>-</td><td>175</td><td>*</td><td>623</td><td>-4,366</td><td>399</td><td>-4,765</td></tr><tr><td>1957</td><td>380</td><td>*</td><td>-6</td><td>-</td><td>-674</td><td>*</td><td>-292</td><td>-3,100</td><td>549</td><td>-3,648</td></tr><tr><td>1958 (Est.)</td><td>265</td><td>*</td><td>-4</td><td>-</td><td>-500</td><td>*</td><td>-239</td><td>196</td><td>-</td><td>196</td></tr><tr><td>1959 (Est.)</td><td>200</td><td>*</td><td>-3</td><td>-</td><td>-</td><td>*</td><td>197</td><td>-679</td><td>-</td><td>-679</td></tr><tr><td>1957-July</td><td>121</td><td>*</td><td>-1</td><td>-</td><td>-121</td><td>*</td><td>*</td><td>2,373</td><td>11</td><td>2,362</td></tr><tr><td>August</td><td>77</td><td>*</td><td>*</td><td>-</td><td>-37</td><td>*</td><td>40</td><td>776</td><td>53</td><td>723</td></tr><tr><td>September</td><td>13</td><td>*</td><td>*</td><td>-</td><td>-61</td><td>*</td><td>-69</td><td>1,014</td><td>46</td><td>968</td></tr><tr><td>October</td><td>17</td><td>*</td><td>*</td><td>-</td><td>-49</td><td>*</td><td>-32</td><td>500</td><td>8</td><td>491</td></tr><tr><td>November</td><td>13</td><td>*</td><td>*</td><td>-</td><td>-26</td><td>*</td><td>-13</td><td>565</td><td>17</td><td>648</td></tr><tr><td>December</td><td>48</td><td>*</td><td>*</td><td>-</td><td>-8</td><td>*</td><td>40</td><td>383</td><td>61</td><td>322</td></tr><tr><td>1958-January</td><td>31</td><td>*</td><td>*</td><td>-</td><td>-13</td><td>*</td><td>18</td><td>-36</td><td>15</td><td>-52</td></tr><tr><td>February</td><td>-44</td><td>*</td><td>-1</td><td>-</td><td>-6</td><td>*</td><td>-52</td><td>-107</td><td>48</td><td>-155</td></tr><tr><td>March</td><td>-11</td><td>*</td><td>*</td><td>-</td><td>-56</td><td>*</td><td>-67</td><td>-2,114</td><td>51</td><td>-2,165</td></tr></table>
Source: See Table 1.
Footnote on following page.
May 1958
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.
b/ 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. Less than $500,000.
Footnotes to Table 4
For further detail, see "Budget Receipts and Expenditures," Table 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 funds accounts with the Treasurer of the United States. Net receipts include interest receipts (-), as measured by funds provided by or applied to get security transactions, and net exports (see Table 7). To a large extent, these Government-sponsored enterprises secure funds for their operations by direct borrowing from the public or by ceding 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, net
expenditures 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. 5 Not reported prior to 1954. Consists of only those market transactions not cleared through the Treasurer's account. 6 See Table 7, footnote 1. 7 Does not include revolving fund receipts representing acquired securities amounting to $1,683,070 (per value).
Footnotes to Table 5
Federal intermediate credit bank franchise tax through December 1956 and, beginning 1953, also reimbursement by Panama Canal Company for expenses and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund for administrative expenses, and also for refunds of taxes (treated as an offset to refunds rather than being credited to receipts) beginning with 1953 for the former and 1959 for the latter; reimbursement by Highway Trust Fund for refunds of taxes; reimbursement by the Department of the Interior pursuant to the Antiquities Act, etc., by Federal National Mortgage Association's secondary market operations; and Federal Intermediate credit bank franchise tax and repayment of capital stock to the Treasury after December 1956 and before January 1959.
Conelets of payment of earnings and repayment of capital stock to the Treasury through 1952; and payment of franchise tax by banks for cooperatives beginning 1959, and by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid
by trust funds and Government-sponsored enterprises. Beginning with fiscal year 1958 excludes deductions from salaries of District of Columbia employees (see footnote 5). 
5/ Contributions to employees' retirement funds representing United States and Government corporation shares of contributions; payments to the Railroad Retirement Account (for creditable military service), the Unemployment Trust Fund, veterans' life insurance funds, Judicial Survivors Annuity Fund, trust fund for technical services and other assistance under the agricultural conservation program, and District of Columbia; and transfers to Civil Claims Commission. 
6/ Includes payment by District of Columbia to the Civil Services retirement fund for its share of contributions, and beginning with 1958 also deductions from its payroll; payment by Railroad Retirement Board to Federal Old-Age and Survivors Insurance Trust Fund; transfers from Civil Service retirement fund to Foreign Service retirement fund; and $1958 actual expenditures; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment Trust Fund through 1955. 
* Less than $500,000.
Footnotes to Table 6
1/ Accrued discount on savings bonds and bill; lease interest paid on savings bonds and bills redeemed.
2/ Public debt interest due and accrued beginning June 30, 1955, effective date of the change in accounting and reporting from a due and payable basis on savings bonds; 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.
3/ Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption; net issuance, or redemption (-).
4/ Issued as a change in adjustment; adjusted service certificates held by veterans of World War I, the bonds matured in 1945.
5/ Issued in 1947 in payment for accumulated leave. 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.
7/ By wholly owned Government enterprises; beginning 1951, such net income is separately reported separately and are not included in expenditures (see "Trust Account and Other Transactions," Table 4).
8/ Checks outstanding, lease deposits in transit, and changes in other accounts; net increase, or decrease (-). Prior to 1954 includes also public debt interest due and unpaid (see footnote 2).
* Less than $500,000.
Footnotes to Table 7
1/ In this table, beginning 1954, in accordance with treatment in Budget documents, net investment in United States securities by Government agencies is included in the "trust account" entries hereinafter regarded as representing net transactions with the public. In table 4 under "Trust Account and Other Transactions" these amounts are included. 2/ Does not include investments representing acquired securities amounting to $1,643,070 (par value) and donation of securities amounting to $45,800 (par value). 3/ Accrued discount on savings bonds and bills, which is included in the
principle 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 (-)
5/ Excluded from borrowing because the transactions are treated as expenditures in Table 6.
6/ Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3.
1/ Market transactions in public debt securities and agency obligations. Less than $500,000.
20
Treasury Bulletin
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also trust, deposit fund, and public debt transactions.
The working cash of the Treasury is held mainly in Treasurer's accounts with Federal Reserve Banks and branches. As the balances in these accounts become depleted, they are restored by calling in (transferring) funds from the tax and loan accounts with thousands of commercial banks throughout the country.
Deposits to tax and loan accounts occur in the normal course of business under a uniform procedure applicable to all banks whereby customers of banks deposit with them tax payments and funds for the purchase of Government securities. In most cases the transaction involves merely the transfer of money from a customer's
account to the tax and loan account in the same bank. On occasions, to the extent authorized by the Treasury, banks are permitted to deposit in these accounts proceeds from subscriptions to public debt securities entered for their own account as well as for the account of their customers.
The tax and loan account system permits the Treasury to leave funds in banks and in the communities in which they arrive until such time as the Treasury needs the funds for its operations. In this way the Treasury is able to neutralize the effect of its fluctuating operations on bank reserves and the economy.
A detailed description of the Treasury's depositary system may be found in the Annual Report of the Secretary of the Treasury for 1955, pages 275-284.
Table 1.- 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 colspan="5">Treasury operating balance</th><th colspan="4">Assets</th><th rowspan="2">Liabilities 1/</th><th rowspan="2">Balance in account of Treasurer of U. S.</th></tr><tr><th>Available funds in Federal Reserve Banks</th><th>Tax and loan accounts in special depositaries</th><th>Gold in Treasury fund</th><th>Total operating balance</th><th>Silver, coin, and currency</th><th>Unclassified collections, etc.</th><th>In Federal Reserve Banks in process of collection</th><th>In other depositaries</th><th>Total assets</th></tr><tr><td>1950</td><td>950</td><td>3,268</td><td>1,052</td><td>5,269</td><td>191</td><td>20</td><td>143</td><td>303</td><td>5,927</td><td>410</td><td>5,517</td></tr><tr><td>1951</td><td>338</td><td>5,680</td><td>1,046</td><td>7,064</td><td>176</td><td>24</td><td>250</td><td>356</td><td>7,671</td><td>514</td><td>7,357</td></tr><tr><td>1952</td><td>333</td><td>5,106</td><td>1,009</td><td>6,448</td><td>194</td><td>34</td><td>355</td><td>450</td><td>7,481</td><td>512</td><td>6,969</td></tr><tr><td>1953</td><td>132</td><td>3,071</td><td>984</td><td>4,187</td><td>161</td><td>75</td><td>210</td><td>463</td><td>5,096</td><td>426</td><td>4,670</td></tr><tr><td>1954</td><td>875</td><td>4,836</td><td>497</td><td>6,207</td><td>191</td><td>50</td><td>274</td><td>520</td><td>7,243</td><td>476</td><td>6,766</td></tr><tr><td>1955</td><td>380</td><td>4,365</td><td>493</td><td>5,239</td><td>187</td><td>93</td><td>343</td><td>500</td><td>6,352</td><td>146 2/</td><td>6,216</td></tr><tr><td>1956</td><td>222</td><td>4,633</td><td>501</td><td>5,696</td><td>259</td><td>37</td><td>421</td><td>438</td><td>6,712</td><td>166</td><td>6,546</td></tr><tr><td>1957</td><td>498</td><td>4,082</td><td>489</td><td>5,069</td><td>190</td><td>37</td><td>302</td><td>440</td><td>6,037</td><td>447</td><td>5,590</td></tr><tr><td>1956-Dec.</td><td>441</td><td>2,924</td><td>491</td><td>3,896</td><td>196</td><td>36</td><td>133</td><td>441</td><td>4,662</td><td>235</td><td>4,427</td></tr><tr><td>1957-July</td><td>504</td><td>2,833</td><td>492</td><td>3,829</td><td>191</td><td>36</td><td>257</td><td>424</td><td>4,738</td><td>263</td><td>4,475</td></tr><tr><td>Aug.</td><td>477</td><td>3,331</td><td>499</td><td>4,308</td><td>192</td><td>43</td><td>138</td><td>412</td><td>5,098</td><td>194</td><td>4,898</td></tr><tr><td>Sept.</td><td>429</td><td>5,818</td><td>497</td><td>6,743</td><td>209</td><td>40</td><td>153</td><td>443</td><td>7,388</td><td>253</td><td>7,335</td></tr><tr><td>Oct.</td><td>552</td><td>2,572</td><td>498</td><td>3,622</td><td>225</td><td>45</td><td>204</td><td>385</td><td>4,482</td><td>175</td><td>4,307</td></tr><tr><td>Nov.</td><td>243</td><td>3,583</td><td>491</td><td>4,318</td><td>216</td><td>37</td><td>137</td><td>367</td><td>5,075</td><td>210</td><td>4,865</td></tr><tr><td>Dec.</td><td>481</td><td>3,084</td><td>508</td><td>4,072</td><td>208</td><td>83</td><td>145</td><td>369</td><td>4,877</td><td>270</td><td>4,606</td></tr><tr><td>1958-Jan.</td><td>469</td><td>1,767</td><td>491</td><td>2,727</td><td>227</td><td>60</td><td>325</td><td>348</td><td>3,686</td><td>181</td><td>3,505</td></tr><tr><td>Feb.</td><td>516</td><td>2,837</td><td>398</td><td>3,752</td><td>217</td><td>52</td><td>223</td><td>337</td><td>4,611</td><td>217</td><td>4,394</td></tr><tr><td>Mar.</td><td>474</td><td>4,596</td><td>402</td><td>5,472</td><td>279</td><td>44</td><td>163</td><td>317</td><td>6,275</td><td>199</td><td>6,076</td></tr></table>
Source: Daily Treasury statement.
1/ Consists of Treasurer's checks outstanding, reserve and other deposits of Board of Trustees of the Postal Savings System, uncollected items, exchanges, etc., beginning December 1954; prior to that time included also Post Office Department and Postmasters' disbursing accounts (see footnote 2).
Beginning December 1954, Post Office Department and Postmasters' disbursing accounts are no longer treated as libelty accounts of the Treasurer of the United States, but are classified and treated in the same manner as other disbursing accounts, in accordance with the change in method of reporting Post Office transactions.
May 1958
21
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Proceeds from sales of securities 1/</th><th colspan="3">Taxes</th><th rowspan="2">Withdrawals</th><th colspan="4">Balance</th></tr><tr><th>Savings bonds</th><th>Savings notes</th><th>Tax anticipation securities</th><th>Other</th><th>Withheld excise 2/</th><th>Income (by special arrangement) 3/</th><th>Total credits</th><th>End of period</th><th>High</th><th>Low</th><th>Average</th></tr><tr><td>1950</td><td>3,795</td><td>5,834</td><td>-</td><td>-</td><td>7,287</td><td>-</td><td>16,877</td><td>15,380</td><td>3,668</td><td>3,741</td><td>830</td><td>2,609</td></tr><tr><td>1951</td><td>3,390</td><td>3,437</td><td>-</td><td>-</td><td>10,331</td><td>6,971</td><td>24,128</td><td>21,716</td><td>5,680</td><td>6,293</td><td>1,431</td><td>3,208</td></tr><tr><td>1952</td><td>2,226</td><td>4,679</td><td>2,451</td><td>287</td><td>13,579</td><td>13,270</td><td>36,493</td><td>37,066</td><td>5,106</td><td>5,409</td><td>1,425</td><td>3,259</td></tr><tr><td>1953</td><td>2,667</td><td>2,231</td><td>5,243</td><td>5,041</td><td>15,859</td><td>10,227</td><td>41,267</td><td>43,303</td><td>3,071</td><td>5,776</td><td>950</td><td>4,212</td></tr><tr><td>1954</td><td>3,457</td><td>2,333</td><td>6,861</td><td>4,304</td><td>19,898</td><td>4,791</td><td>41,644</td><td>39,879</td><td>4,836</td><td>7,493</td><td>1,649</td><td>3,870</td></tr><tr><td>1955</td><td>4,424</td><td>-</td><td>5,977</td><td>8,167</td><td>20,538</td><td>2,967</td><td>42,074</td><td>42,545</td><td>4,365</td><td>7,299</td><td>1,910</td><td>3,991</td></tr><tr><td>1956</td><td>3,810</td><td>-</td><td>6,035</td><td>786</td><td>23,897</td><td>4,611</td><td>39,180</td><td>38,871</td><td>4,633</td><td>5,486</td><td>1,103</td><td>3,373</td></tr><tr><td>1957</td><td>2,976</td><td>-</td><td>5,043</td><td>6,568</td><td>26,709</td><td>4,152</td><td>45,448</td><td>46,000</td><td>4,082</td><td>6,078</td><td>813</td><td>2,987</td></tr><tr><td>1957-July</td><td>246</td><td>-</td><td>2,922</td><td>-</td><td>1,247</td><td>137</td><td>4,552</td><td>5,801</td><td>2,833</td><td>6,294</td><td>2,833</td><td>4,306</td></tr><tr><td>August</td><td>215</td><td>-</td><td>-</td><td>1,691</td><td>3,002</td><td>-</td><td>4,910</td><td>4,411</td><td>3,331</td><td>3,980</td><td>1,078</td><td>2,331</td></tr><tr><td>September</td><td>197</td><td>-</td><td>-</td><td>2,692</td><td>2,862</td><td>-</td><td>5,751</td><td>3,265</td><td>5,818</td><td>5,886</td><td>1,353</td><td>2,834</td></tr><tr><td>October</td><td>202</td><td>-</td><td>-</td><td>1,334</td><td>1,222</td><td>-</td><td>2,759</td><td>6,004</td><td>2,572</td><td>5,755</td><td>2,866</td><td>3,555</td></tr><tr><td>November</td><td>195</td><td>-</td><td>-</td><td>1,030</td><td>2,824</td><td>-</td><td>4,049</td><td>3,037</td><td>3,583</td><td>3,583</td><td>1,638</td><td>2,212</td></tr><tr><td>December</td><td>223</td><td>-</td><td>-</td><td>248</td><td>2,762</td><td>-</td><td>3,533</td><td>4,033</td><td>3,084</td><td>3,589</td><td>1,710</td><td>2,779</td></tr><tr><td>1958-January</td><td>333</td><td>-</td><td>-</td><td>-</td><td>1,168</td><td>-</td><td>1,501</td><td>2,818</td><td>1,767</td><td>3,009</td><td>1,103</td><td>1,731</td></tr><tr><td>February</td><td>258</td><td>-</td><td>-</td><td>36</td><td>3,161</td><td>-</td><td>3,455</td><td>2,385</td><td>2,837</td><td>2,925</td><td>1,138</td><td>1,785</td></tr><tr><td>March</td><td>252</td><td>-</td><td>-</td><td>1,328</td><td>2,726</td><td>2,127</td><td>6,433</td><td>4,674</td><td>4,596</td><td>5,447</td><td>2,380</td><td>3,643</td></tr></table>
Source: Office of Fiscal Assistant Secretary; figures are on basis of telegraphic reports.
1. Special deposits are permitted to make payment in the form of a credit card for the purchase price of United States Government obligations purchased by them for their own account, or for the account of their customers who enter subscriptions through them, when this method of payment is permitted under the terms of the contract to invest subscribed funds.
2. Taxable income of the United States deposited by taxpayers in the depository banks, as follows: Withheld income tax beginning
March 1948: taxes on employees and employees under the Federal Insurance Contributions Act beginning January 1950, end under the Railroad Retirement Tax Act beginning July 1951; and a number of excise taxes beginning July 1951.
Under a special procedure begun in March 1951, authorization may be given for income tax payments, or a portion of them, made by checks of $10,000 or more drawn on a special depositary bank to be credited to the tax on loan account in that bank. This procedure is followed during some of the quarterly periods of heavy tax payments.
22
Treasury Bulletin
DEBT OUTSTANDING
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><th>Guaranteed securities 2/(matured)</th></tr><tr><th></th><th>Total 1/</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></th><th></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>Money Fund 4/</th><th>Other 2/</th><th></th></tr><tr><td>1950</td><td>257,377</td><td>257,357</td><td>20</td><td>255,226</td><td>255,209</td><td>17</td><td>2,150</td><td>2,148</td><td>265</td><td>1,270</td><td>613</td><td>2</td></tr><tr><td>1951</td><td>255,251</td><td>255,222</td><td>29</td><td>252,879</td><td>252,892</td><td>27</td><td>2,372</td><td>2,370</td><td>512</td><td>1,283</td><td>575</td><td>2</td></tr><tr><td>1952</td><td>259,151</td><td>259,195</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>271,785</td><td>271,741</td><td>43</td><td>2,634</td><td>2,631</td><td>589</td><td>1,567</td><td>477</td><td>1</td></tr><tr><td>1956</td><td>272,825</td><td>272,731</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><tr><td>1957</td><td>270,634</td><td>270,527</td><td>107</td><td>268,592</td><td>268,486</td><td>106</td><td>2,042</td><td>2,042</td><td>529</td><td>1,068</td><td>444</td><td>1</td></tr><tr><td>1956-December</td><td>276,731</td><td>276,628</td><td>103</td><td>274,322</td><td>274,219</td><td>102</td><td>2,409</td><td>2,408</td><td>874</td><td>1,083</td><td>451</td><td>1</td></tr><tr><td>1957-July</td><td>272,575</td><td>272,469</td><td>107</td><td>270,700</td><td>270,595</td><td>106</td><td>1,875</td><td>1,874</td><td>472</td><td>960</td><td>442</td><td>1</td></tr><tr><td>August</td><td>273,934</td><td>273,845</td><td>109</td><td>272,126</td><td>272,018</td><td>108</td><td>1,828</td><td>1,828</td><td>479</td><td>910</td><td>439</td><td>1</td></tr><tr><td>September</td><td>274,527</td><td>274,412</td><td>115</td><td>272,802</td><td>272,688</td><td>114</td><td>1,725</td><td>1,724</td><td>457</td><td>829</td><td>438</td><td>1</td></tr><tr><td>October</td><td>274,170</td><td>274,067</td><td>103</td><td>272,508</td><td>272,406</td><td>102</td><td>1,662</td><td>1,661</td><td>445</td><td>780</td><td>436</td><td>1</td></tr><tr><td>November</td><td>274,850</td><td>274,747</td><td>104</td><td>273,235</td><td>273,132</td><td>103</td><td>1,616</td><td>1,615</td><td>429</td><td>754</td><td>437</td><td>1</td></tr><tr><td>December</td><td>275,002</td><td>274,836</td><td>104</td><td>272,977</td><td>272,874</td><td>104</td><td>2,025</td><td>2,024</td><td>841</td><td>746</td><td>437</td><td>1</td></tr><tr><td>1958-January</td><td>274,656</td><td>274,555</td><td>101</td><td>272,877</td><td>272,777</td><td>100</td><td>1,778</td><td>1,777</td><td>609</td><td>733</td><td>435</td><td>1</td></tr><tr><td>February</td><td>274,782</td><td>274,679</td><td>103</td><td>273,061</td><td>272,959</td><td>102</td><td>1,721</td><td>1,720</td><td>562</td><td>725</td><td>433</td><td>1</td></tr><tr><td>March</td><td>272,728</td><td>272,624</td><td>104</td><td>271,051</td><td>270,948</td><td>103</td><td>1,677</td><td>1,676</td><td>576</td><td>669</td><td>432</td><td>1</td></tr></table>
1/ Includes certain obligations not subject to statutory limitation. For amounts subject to limitation, see page 1. 
2/ Excludes guaranteed securities held by the Treasury. 
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 bear no interest, are nonnegotiable, and are payable on demand. 5/ Includes savings stamps, excess profits tax refund bonds, and currency items. For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total interest-bearing public debt</th><th colspan="9">Public issues</th><th colspan="3">Nonmarketable</th><th rowspan="2">Special issues</th></tr><tr><th>Total public issues</th><th colspan="2">Total Bills</th><th colspan="2">Marketable</th><th colspan="2">Treasury bonds</th><th>Other bonds 2/</th><th>Total</th><th>U. S. savings bonds</th><th>Treasury savings notes</th><th>Armed forces leave bonds</th><th>Treasury bonds, investment series</th><th>Depository bonds</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>Bills</th><th>Certificates</th><th>Notes</th><th>Bank eligible</th><th>Bank restricted 1/</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1950</td><td>255,209</td><td>222,053</td><td>157,310</td><td>13,533</td><td>18,418</td><td>20,404</td><td>53,159</td><td>49,636</td><td>160</td><td>67,544</td><td>57,536</td><td>8,472</td><td>297</td><td>954</td><td>285</td><td>32,356</td></tr><tr><td>1951</td><td>292,892</td><td>218,198</td><td>137,917</td><td>13,614</td><td>9,509</td><td>35,806</td><td>42,772</td><td>36,061</td><td>156</td><td>80,281</td><td>57,572</td><td>7,818</td><td>47</td><td>14,526</td><td>319</td><td>34,653</td></tr><tr><td>1952</td><td>295,863</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>124</td><td>78,717</td><td>57,585</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>147,339</td><td>13,707</td><td>15,894</td><td>30,423</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>226,581</td><td>150,354</td><td>19,515</td><td>18,405</td><td>31,360</td><td>71,706</td><td>8,672</td><td>96</td><td>76,366</td><td>58,061</td><td>5,079</td><td>-</td><td>12,775</td><td>411</td><td>42,289</td></tr><tr><td>1955</td><td>271,741</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>124,953</td><td>20,808</td><td>16,303</td><td>35,958</td><td>81,840</td><td>-</td><td>50</td><td>69,817</td><td>57,497</td><td>-</td><td>-</td><td>12,909</td><td>310</td><td>45,118</td></tr><tr><td>1957</td><td>268,486</td><td>221,658</td><td>155,705</td><td>23,420</td><td>20,473</td><td>30,973</td><td>80,789</td><td>-</td><td>50</td><td>65,953</td><td>54,622</td><td>-</td><td>-</td><td>11,135</td><td>196</td><td>46,827</td></tr><tr><td>1956-Dec.</td><td>274,219</td><td>228,581</td><td>160,375</td><td>25,179</td><td>19,023</td><td>35,294</td><td>80,828</td><td>-</td><td>50</td><td>68,206</td><td>56,293</td><td>-</td><td>-</td><td>11,648</td><td>266</td><td>45,639</td></tr><tr><td>1957-July</td><td>270,595</td><td>224,272</td><td>158,781</td><td>26,406</td><td>20,473</td><td>31,069</td><td>80,783</td><td>-</td><td>50</td><td>65,491</td><td>54,274</td><td>-</td><td>-</td><td>11,023</td><td>194</td><td>46,323</td></tr><tr><td>Aug.</td><td>272,018</td><td>225,308</td><td>160,209</td><td>28,135</td><td>34,077</td><td>17,145</td><td>80,778</td><td>-</td><td>50</td><td>65,099</td><td>54,021</td><td>-</td><td>-</td><td>10,884</td><td>134</td><td>46,709</td></tr><tr><td>Sept.</td><td>272,688</td><td>226,467</td><td>161,808</td><td>26,658</td><td>35,010</td><td>13,317</td><td>80,773</td><td>-</td><td>50</td><td>64,699</td><td>53,774</td><td>-</td><td>-</td><td>10,690</td><td>134</td><td>46,221</td></tr><tr><td>Oct.</td><td>272,406</td><td>226,338</td><td>162,237</td><td>26,659</td><td>34,692</td><td>12,412</td><td>81,424</td><td>-</td><td>50</td><td>64,101</td><td>53,481</td><td>-</td><td>-</td><td>10,457</td><td>164</td><td>46,068</td></tr><tr><td>Nov.</td><td>273,132</td><td>227,146</td><td>163,419</td><td>26,660</td><td>34,692</td><td>20,598</td><td>81,420</td><td>-</td><td>50</td><td>63,727</td><td>53,228</td><td>-</td><td>-</td><td>10,344</td><td>125</td><td>45,986</td></tr><tr><td>Dec.</td><td>272,874</td><td>227,075</td><td>164,192</td><td>26,857</td><td>34,554</td><td>26,664</td><td>82,067</td><td>-</td><td>50</td><td>62,883</td><td>52,147</td><td>-</td><td>-</td><td>10,253</td><td>156</td><td>45,799</td></tr><tr><td>1958-Jan.</td><td>272,777</td><td>227,307</td><td>164,627</td><td>27,260</td><td>34,554</td><td>20,703</td><td>82,060</td><td>-</td><td>50</td><td>62,681</td><td>52,344</td><td>-</td><td>-</td><td>10,104</td><td>143</td><td>45,470</td></tr><tr><td>Feb.</td><td>272,959</td><td>227,000</td><td>164,483</td><td>26,127</td><td>31,475</td><td>20,483</td><td>86,318</td><td>-</td><td>50</td><td>62,517</td><td>52,315</td><td>-</td><td>-</td><td>10,059</td><td>144</td><td>45,999</td></tr><tr><td>Mar.</td><td>270,948</td><td>225,137</td><td>162,898</td><td>23,022</td><td>31,478</td><td>20,685</td><td>87,663</td><td>-</td><td>50</td><td>62,239</td><td>52,254</td><td>-</td><td>-</td><td>9,817</td><td>148</td><td>45,810</td></tr></table>
Source: Daily Treasury statement.
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 savings deposits; (2) they might temporarily acquire such issues through forfeiture of collaterals; (3) they might hold a limited amount of such issues for trading purposes. 2/ Consists of Panama Canal bonds, and also postal savings bonds until the last of these bonds matured on July 1, 1955.
May 1958
25
DEBT OUTSTANDING
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 Disability Insurance Trust Fund</th><th>Federal home loan banks</th><th>Federal Old-age and Survivors Insurance Trust Fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Government employees' retirement fund</th><th>Government Life Insurance Fund</th><th>Highway Trust 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>1950</td><td>32,356</td><td>808</td><td>-</td><td>119</td><td>10,418</td><td>79</td><td>3,817</td><td>1,292</td><td>-</td><td>5,342</td><td>1,802</td><td>2,058</td><td>6,616</td><td>6</td></tr><tr><td>1951</td><td>34,553</td><td>868</td><td>-</td><td>77</td><td>12,096</td><td>86</td><td>4,331</td><td>1,300</td><td>-</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>-</td><td>50</td><td>14,047</td><td>79</td><td>5,014</td><td>1,300</td><td>-</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>-</td><td>50</td><td>15,332</td><td>61</td><td>5,602</td><td>1,299</td><td>-</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>-</td><td>232</td><td>17,054</td><td>84</td><td>5,854</td><td>1,234</td><td>-</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>-</td><td>200</td><td>18,239</td><td>94</td><td>6,168</td><td>1,233</td><td>-</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>-</td><td>52</td><td>19,467</td><td>103</td><td>6,667</td><td>1,217</td><td>-</td><td>5,481</td><td>6</td><td>3,600</td><td>7,737</td><td>112</td></tr><tr><td>1957</td><td>46,827</td><td>718</td><td>325</td><td>50</td><td>19,463</td><td>103</td><td>7,394</td><td>1,200</td><td>404</td><td>5,570</td><td>5</td><td>3,475</td><td>7,996</td><td>123</td></tr><tr><td>1956-December</td><td>45,639</td><td>674</td><td>-</td><td>50</td><td>19,224</td><td>95</td><td>7,215</td><td>1,191</td><td>-</td><td>5,445</td><td>6</td><td>3,510</td><td>8,096</td><td>133</td></tr><tr><td>1957-July</td><td>46,323</td><td>718</td><td>360</td><td>50</td><td>19,108</td><td>88</td><td>7,322</td><td>1,186</td><td>407</td><td>5,566</td><td>5</td><td>3,406</td><td>7,980</td><td>125</td></tr><tr><td>August</td><td>46,709</td><td>670</td><td>447</td><td>50</td><td>19,255</td><td>80</td><td>7,280</td><td>1,188</td><td>456</td><td>5,562</td><td>5</td><td>3,362</td><td>8,234</td><td>125</td></tr><tr><td>September</td><td>46,221</td><td>650</td><td>461</td><td>50</td><td>18,902</td><td>73</td><td>7,288</td><td>1,177</td><td>510</td><td>5,552</td><td>5</td><td>3,307</td><td>8,127</td><td>117</td></tr><tr><td>October</td><td>46,068</td><td>646</td><td>511</td><td>50</td><td>18,780</td><td>76</td><td>7,318</td><td>1,173</td><td>581</td><td>5,550</td><td>5</td><td>3,240</td><td>8,031</td><td>107</td></tr><tr><td>November</td><td>45,986</td><td>637</td><td>541</td><td>50</td><td>18,599</td><td>80</td><td>7,295</td><td>1,169</td><td>575</td><td>5,546</td><td>5</td><td>3,245</td><td>8,135</td><td>108</td></tr><tr><td>December</td><td>45,799</td><td>640</td><td>580</td><td>50</td><td>18,519</td><td>83</td><td>7,314</td><td>1,164</td><td>587</td><td>5,540</td><td>5</td><td>3,209</td><td>8,038</td><td>70</td></tr><tr><td>1958-January</td><td>45,470</td><td>710</td><td>617</td><td>50</td><td>18,203</td><td>87</td><td>7,367</td><td>1,161</td><td>614</td><td>5,538</td><td>5</td><td>3,322</td><td>7,724</td><td>72</td></tr><tr><td>February</td><td>45,959</td><td>716</td><td>677</td><td>200</td><td>18,272</td><td>89</td><td>7,429</td><td>1,156</td><td>715</td><td>5,534</td><td>5</td><td>3,509</td><td>7,578</td><td>79</td></tr><tr><td>March</td><td>45,810</td><td>701</td><td>747</td><td>200</td><td>18,260</td><td>102</td><td>7,483</td><td>1,152</td><td>814</td><td>5,531</td><td>20</td><td>3,486</td><td>7,188</td><td>127</td></tr></table>
Source: Daily Treasury statement. 1/ Includes Canal Zone Postal Savings System. 2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956).
Adjusted Service Certificate Fund (through December 1956), various housing insurance funds, and Veterans' Special Term Insurance Fund.
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Total interest-bearing securities</th><th rowspan="2">Total interest-bearing securities</th><th colspan="7">Computed annual interest rate</th><th rowspan="2">Guaranteed securities 1/</th></tr><tr><th>Amount outstanding</th><th>Public debt</th><th>Computed annual interest charge</th><th>Total public debt</th><th>Total 2/</th><th>Marketable issues</th><th>Public debt</th><th>Non-marketable issues 3/</th><th>Special issues</th></tr><tr><th></th><th>Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Public debt and guaranteed securities 1/</th><th></th><th></th><th>Bills 3/</th><th>Certificates</th><th>Notes</th><th>Treasury bonds</th><th></th><th></th></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>2,606</td><td>2,655</td></tr><tr><td>1952</td><td>256,907</td><td>256,863</td><td>5,982</td><td>2,329</td><td>2,329</td><td>2,051</td><td>1,711</td><td>1,875</td><td>1,560</td><td>2,317</td><td>2,559</td><td>2,675</td><td>2,578</td></tr><tr><td>1953</td><td>263,997</td><td>263,946</td><td>6,431</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>271,789</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>1957</td><td>268,592</td><td>268,486</td><td>7,328</td><td>2,730</td><td>2,730</td><td>2,707</td><td>3,197</td><td>3,345</td><td>2,504</td><td>2,482</td><td>2,853</td><td>2,635</td><td>2,611</td></tr><tr><td>1956-December</td><td>274,322</td><td>274,219</td><td>7,321</td><td>2,671</td><td>2,671</td><td>2,591</td><td>3,046</td><td>2,928</td><td>2,337</td><td>2,482</td><td>2,836</td><td>2,703</td><td>2,592</td></tr><tr><td>1957-July</td><td>270,700</td><td>270,595</td><td>7,414</td><td>2,741</td><td>2,742</td><td>2,725</td><td>3,259</td><td>3,345</td><td>2,501</td><td>2,482</td><td>2,856</td><td>2,636</td><td>2,610</td></tr><tr><td>August</td><td>272,126</td><td>272,018</td><td>7,766</td><td>2,857</td><td>2,857</td><td>2,982</td><td>3,440</td><td>3,650</td><td>2,705</td><td>2,482</td><td>2,859</td><td>2,635</td><td>2,607</td></tr><tr><td>September</td><td>272,802</td><td>272,688</td><td>7,838</td><td>2,876</td><td>2,877</td><td>2,951</td><td>3,540</td><td>3,659</td><td>2,828</td><td>2,482</td><td>2,861</td><td>2,637</td><td>2,606</td></tr><tr><td>October</td><td>272,508</td><td>272,406</td><td>7,869</td><td>2,891</td><td>2,891</td><td>2,974</td><td>3,661</td><td>3,663</td><td>2,822</td><td>2,494</td><td>2,865</td><td>2,637</td><td>2,612</td></tr><tr><td>November</td><td>273,233</td><td>273,132</td><td>7,896</td><td>2,893</td><td>2,893</td><td>2,975</td><td>3,639</td><td>3,663</td><td>2,870</td><td>2,494</td><td>2,869</td><td>2,638</td><td>2,612</td></tr><tr><td>December</td><td>272,977</td><td>272,874</td><td>7,878</td><td>2,889</td><td>2,889</td><td>2,965</td><td>3,510</td><td>3,699</td><td>2,866</td><td>2,505</td><td>2,875</td><td>2,639</td><td>2,619</td></tr><tr><td>1958-January</td><td>272,877</td><td>272,777</td><td>7,796</td><td>2,860</td><td>2,860</td><td>2,914</td><td>3,192</td><td>3,699</td><td>2,864</td><td>2,505</td><td>2,878</td><td>2,639</td><td>2,621</td></tr><tr><td>February</td><td>273,061</td><td>272,999</td><td>7,580</td><td>2,778</td><td>2,778</td><td>2,778</td><td>2,692</td><td>3,451</td><td>2,878</td><td>2,547</td><td>2,882</td><td>2,638</td><td>2,620</td></tr><tr><td>March</td><td>271,051</td><td>270,948</td><td>7,382</td><td>2,725</td><td>2,725</td><td>2,688</td><td>1,988</td><td>3,451</td><td>2,865</td><td>2,555</td><td>2,885</td><td>2,637</td><td>2,619</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. 
2/ Excludes guaranteed securities held by the Treasury. 
3/ Total includes "Other bonds"; see Table 2. 
4/ Included in debt outstanding at face amount, but discount value is used in computing annual interest charge and annual interest rate. 
4/ The annual interest charge and annual interest rate on United States savings bonds are computed on the basis of the rate to maturity applied against the amount outstanding.
24
Treasury Bulletin
DEBT OUTSTANDING
Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies 1/
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Commodity Credit Corporation</th><th>Export-Import Bank of Washington 2/</th><th>Federal National Mortgage Association 3/</th><th>Housing and Home Finance Administration 4/</th><th>International Cooperation Administration 5/</th><th>Public Housing Administration</th><th>Reconstruction Finance Corporation 6/</th><th>Rural Electrification Administration 7/</th><th>Secre-tary of Agriculture 1/</th><th>Tennessee Valley Authority</th><th>Veterans' direct loan program</th><th>Under Defense Production 2/ Act of 1950 8/</th><th>Other</th></tr><tr><td>1950</td><td>8,423</td><td>3,193</td><td>364</td><td>-</td><td>1</td><td>364</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>1951</td><td>9,087</td><td>2,595</td><td>1,040</td><td>1,549</td><td>30</td><td>1,097</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>1952</td><td>9,564</td><td>1,970</td><td>1,068</td><td>2,038</td><td>44</td><td>1,150</td><td>655</td><td>197</td><td>1,731</td><td>76</td><td>39</td><td>178</td><td>395</td><td>-</td></tr><tr><td>1953</td><td>12,125</td><td>3,612</td><td>1,227</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>1954</td><td>12,869</td><td>4,180</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>1955</td><td>16,175</td><td>7,608</td><td>1,310</td><td>1,966</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>1956</td><td>20,049</td><td>11,190</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>1,114</td><td>27</td></tr><tr><td>1957</td><td>22,731</td><td>13,383</td><td>1,205</td><td>1,741</td><td>202</td><td>1,198</td><td>41</td><td>-</td><td>2,519</td><td>265</td><td>-</td><td>733</td><td>1,294</td><td>69</td></tr><tr><td>1956-Dec</td><td>21,027</td><td>11,640</td><td>1,227</td><td>2,163</td><td>206</td><td>1,204</td><td>53</td><td>-</td><td>2,425</td><td>219</td><td>-</td><td>634</td><td>1,204</td><td>53</td></tr><tr><td>1957-July</td><td>21,039</td><td>11,468</td><td>1,201</td><td>1,796</td><td>309</td><td>1,198</td><td>80</td><td>-</td><td>2,594</td><td>289</td><td>-</td><td>733</td><td>1,298</td><td>76</td></tr><tr><td>Aug</td><td>21,173</td><td>11,568</td><td>1,201</td><td>1,781</td><td>309</td><td>1,197</td><td>61</td><td>-</td><td>2,594</td><td>308</td><td>-</td><td>733</td><td>1,324</td><td>99</td></tr><tr><td>Sept</td><td>21,579</td><td>11,837</td><td>1,201</td><td>1,841</td><td>334</td><td>1,197</td><td>65</td><td>-</td><td>2,594</td><td>309</td><td>-</td><td>733</td><td>1,372</td><td>95</td></tr><tr><td>Oct</td><td>21,561</td><td>12,166</td><td>1,460</td><td>1,090</td><td>335</td><td>1,196</td><td>60</td><td>-</td><td>2,669</td><td>335</td><td>-</td><td>733</td><td>1,422</td><td>94</td></tr><tr><td>Nov</td><td>21,932</td><td>12,440</td><td>1,494</td><td>1,142</td><td>350</td><td>1,196</td><td>53</td><td>-</td><td>2,669</td><td>335</td><td>-</td><td>733</td><td>1,420</td><td>98</td></tr><tr><td>Dec</td><td>22,011</td><td>12,786</td><td>1,508</td><td>959</td><td>383</td><td>1,192</td><td>49</td><td>-</td><td>2,625</td><td>256</td><td>-</td><td>733</td><td>1,419</td><td>101</td></tr><tr><td>1958-Jan</td><td>22,046</td><td>12,767</td><td>1,506</td><td>791</td><td>387</td><td>1,191</td><td>43</td><td>-</td><td>2,700</td><td>294</td><td>-</td><td>733</td><td>1,530</td><td>103</td></tr><tr><td>Feb</td><td>22,182</td><td>12,866</td><td>1,537</td><td>718</td><td>414</td><td>1,191</td><td>54</td><td>-</td><td>2,700</td><td>294</td><td>-</td><td>733</td><td>1,568</td><td>106</td></tr><tr><td>Mar</td><td>22,510</td><td>13,085</td><td>1,548</td><td>704</td><td>422</td><td>1,190</td><td>50</td><td>-</td><td>2,700</td><td>329</td><td>-</td><td>733</td><td>1,643</td><td>106</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 providing the necessary funds through public debt operations. To avoid duplication, 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 Home Finance Administrator, issued to borrow for the Association. Beginning August 1954, consists of liabilities taken over by the Association. Administrator in accordance with the act approved August 2, 1954, and which were issued to the Association under authority of that act (12 U.S.C. 1720, 1723 (d)); 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 finance 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; college housing loans beginning July 1951; and public facility loans beginning January 1956. Notes issued to borrow for the Federal National Mortgage Association from September 1950 through July 1954 are shown under the Association.
5/ Established in the Department of State by Executive Order No. 10510, dated May 9, 1955, and effective at the close of business June 30, 1955, as successor to the Foreign Operations Administration. Data for earlier periods are for predecessor agencies. Beginning September 1956, figures exclude notes previously issued by the Administrator in connection with informational media guarantees. The obligation of these notes was assumed by the Director of the United
State Information Agency, pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and the notes together with others issued for the establishment included in them. Excludes securities issued under Federal Civil Defense Act of 1950; includes securities issued under the Defense Production Act of 1950, in- through November 1953, after which they were taken over by the Secretary of the Treasury, pursuant to the act approved July 30, 1953 (15 U.S.C. 609), and are included under "Other." See also footnote 3. During the years ended December 31, the Utilization Plan No. 2 of 1954, the re- maining securities issued by the Corporation to the Treasury were trans- ferred as follows: $42 million to Export-Import Bank of Washington, $92 million to Federal National Mortgage Association, and $11 million to Small Business Administration. For the year ended December 31, 1954, the General Services Administration, Consels of Home Administration Program, beginning January 1951 (Administrator, Defense Materiels Procurement Agency, January 1952 through July 1953) for defence materiels procure- ment; Reconstruction Finance Corporation, January 1951 through September 1953 (after which its activities under this act were transferred to the Secretary of the Treasury); the Secretary of the Treasury beginning October 1953; the Secretary of the Interior (for Defence Minerals Explora- tion Administration) beginning June 1951; the Export-Import Bank of Washington beginning April 1952; and the Secretary of Agriculture beginning June 1954. For the year ended December 31, 1954, the Secretary of the Army (Natural Fibers Developing Fund) beginning December 1953; the Secretary of the Treasury beginning December 1953 (see footnote 6); Small Business Administration beginning July 1954; September 1954; and for informational media guarantee by the United States Information Agency beginning September 1956 (see footnote 5); also revenue bonds issued by Saint Lawrence Seaway Development Corp- oration, beginning November 1954.
May 1958
25
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 beginning on August 28, 1954, and ending on June 30, 1956,
by acts approved August 28, 1954, and June 30, 1955; by $3 billion beginning on July 1, 1956, and ending on June 30, 1957, by an act approved July 9, 1956; and by $5 billion beginning on February 26, 1958, and ending on June 30, 1959, by an act approved February 26, 1958. 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, March 31, 1958
(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 act of February 26, 1958.</td><td>280,000</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>272,190</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury)</td><td>104</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>272,294</td></tr><tr><td>Balance issuable under limitation.</td><td>7,706</td></tr></table>
Source: Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding March 31, 1958
(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>23,022</td><td>-</td><td>23,022</td></tr><tr><td>Certificates of indebtedness</td><td>31,478</td><td>-</td><td>31,478</td></tr><tr><td>Treasury notes</td><td>20,685</td><td>-</td><td>20,685</td></tr><tr><td>Treasury bonds</td><td>87,663</td><td>-</td><td>87,663</td></tr><tr><td>Panama Canal bonds</td><td>-</td><td>50</td><td>50</td></tr><tr><td>Total marketable</td><td>162,848</td><td>50</td><td>162,898</td></tr><tr><td>Nonmarketable:</td><td></td><td></td><td></td></tr><tr><td>U. S. savings bonds (current redemption value)</td><td>52,254</td><td>-</td><td>52,254</td></tr><tr><td>Depository bonds</td><td>148</td><td>-</td><td>148</td></tr><tr><td>Treasury bonds, investment series</td><td>9,837</td><td>-</td><td>9,837</td></tr><tr><td>Total nonmarketable</td><td>62,239</td><td>-</td><td>62,239</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>45,810</td><td>-</td><td>45,810</td></tr><tr><td>Total interest-bearing securities</td><td>270,898</td><td>50</td><td>270,948</td></tr><tr><td>Matured securities on which interest has ceased</td><td>572</td><td>3</td><td>576</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>50</td><td>-</td><td>50</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, International Monetary Fund Series</td><td>669</td><td>-</td><td>669</td></tr><tr><td>United States notes (less gold reserve)</td><td>-</td><td>191</td><td>191</td></tr><tr><td>Deposits for retirement of national bank and Federal Reserve Bank notes</td><td>-</td><td>185</td><td>185</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>720</td><td>381</td><td>1,101</td></tr><tr><td>Total public debt</td><td>272,190</td><td>434</td><td>272,624</td></tr><tr><td>Guaranteed securities: 1/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>103</td><td>-</td><td>103</td></tr><tr><td>Matured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>104</td><td>-</td><td>104</td></tr><tr><td>Total public debt and guaranteed securities</td><td>272,294</td><td>434</td><td>272,728</td></tr></table>
Source: Daily Treasury statement.
1/ Excludes guaranteed securities held by the Treasury.
26
Treasury Bulletin
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding March 31, 1958
(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 end 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>1958</td><td></td><td></td><td></td><td></td><td>1960</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr...</td><td>Bills Certificate - 3-1/2% 4/15/56-EA 1-1/2% Note - 4/1/56-EA</td><td>7,400 357 49</td><td>- - -</td><td>- - -</td><td>Apr...</td><td>1-1/2% Note - 4/1/60-EA</td><td>198</td><td>-</td><td>-</td></tr><tr><td>May...</td><td>Bills</td><td>8,713</td><td>-</td><td>-</td><td>May...</td><td>3-1/2% Note - 5/15/60-A</td><td>2,406</td><td>-</td><td>-</td></tr><tr><td>June...</td><td>Bills 2-7/8% Note - 6/15/58-A 2-3/8% Bond - 6/15/58-B 2-3/4% Bond 2/3/ - 6/15/58-C3</td><td>6,900 4,392 4,245 919</td><td>- - -</td><td>- - -</td><td>Oct...</td><td>1-1/2% Note - 10/1/60-B0</td><td>278</td><td>-</td><td>-</td></tr><tr><td>Aug...</td><td>1/4 Certificate - 8/1/58-C</td><td>11,519</td><td>-</td><td>-</td><td>Nov...</td><td>2-1/8% Bond - 11/15/60</td><td>3,806</td><td>-</td><td>-</td></tr><tr><td>Sept...</td><td>2-1/4% Bond 4/ - 9/15/56-59 2-3/8% Bond 5/ - 3/15/57-59</td><td>-</td><td>3,838 927</td><td>-</td><td>Dec...</td><td>2-3/4% Bond 2/ - 12/15/60-65</td><td>-</td><td>1,485</td><td>-</td></tr><tr><td>Oct...</td><td>1-1/2% Note - 10/1/58-BO</td><td>121</td><td>-</td><td>-</td><td>Total...</td><td></td><td>6,688</td><td>1,485</td><td>-</td></tr><tr><td>Dec...</td><td>3-3/4% Certificate - 12/1/58-D 2-1/2% Bond - 12/15/58</td><td>9,833 2,368</td><td>- -</td><td>- -</td><td>1961</td><td></td><td></td><td></td><td></td></tr><tr><td>Total...</td><td></td><td>55,825</td><td>4,785</td><td>-</td><td>Apr...</td><td>1-1/2% Note - 4/1/61-EA</td><td>144</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>June...</td><td>3% Bond 2/ (Panama Canal loan) - 6/1/61</td><td>50</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Aug...</td><td>4% Note 6/ - 8/1/61-A</td><td>2,609</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Sept...</td><td>2-3/4% Bond - 9/15/61</td><td>2,239</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Oct...</td><td>1-1/2% Note - 10/1/61-80</td><td>332</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Nov...</td><td>2-1/2% Bond - 11/15/61</td><td>11,177</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Total...</td><td></td><td>16,551</td><td>-</td><td>-</td></tr><tr><td>1959</td><td></td><td></td><td></td><td></td><td>1962</td><td></td><td></td><td></td><td></td></tr><tr><td>Feb...</td><td>2-1/2% Certificate - 2/14/59-A 1-7/8% Note - 2/15/59-A</td><td>9,770 5,102</td><td>- -</td><td>- -</td><td>Feb...</td><td>3-5/8% Note - 2/15/62-A</td><td>647</td><td>-</td><td>-</td></tr><tr><td>Mar...</td><td>2-3/8% Bond - 3/15/57-59</td><td>-</td><td>-</td><td>927</td><td>Apr...</td><td>1-1/2% Note - 4/1/62-EA</td><td>551</td><td>-</td><td>-</td></tr><tr><td>Apr...</td><td>1-1/2% Note - 4/1/59-EA</td><td>119</td><td>-</td><td>-</td><td>June...</td><td>2-1/4% Bond - 6/15/59-62 2-1/2% Bond - 6/15/62-67</td><td>- -</td><td>2,113</td><td>5,268</td></tr><tr><td>June...</td><td>2-1/4% Bond - 6/15/59-62</td><td>-</td><td>5,268</td><td>-</td><td>Aug...</td><td>4% Note 1/ - 8/15/62-B</td><td>2,000</td><td>-</td><td>-</td></tr><tr><td>Sept...</td><td>2-1/4% Bond - 9/15/56-59</td><td>-</td><td>-</td><td>3,818</td><td>Oct...</td><td>1-1/2% Note - 10/1/62-80</td><td>495</td><td>-</td><td>-</td></tr><tr><td>Oct...</td><td>1-1/2% Note - 10/1/59-80</td><td>99</td><td>-</td><td>-</td><td>Nov...</td><td>3-3/4% Note - 11/15/62-C</td><td>1,143</td><td>-</td><td>-</td></tr><tr><td>Dec...</td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>3,457</td><td>-</td><td>Dec...</td><td>2-1/4% Bond - 12/15/59-62</td><td>-</td><td>-</td><td>3,457</td></tr><tr><td>Total...</td><td></td><td>15,090</td><td>8,725</td><td>4,745</td><td>Total...</td><td></td><td>4,936</td><td>2,113</td><td>8,725</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>1963</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Aug...</td><td>2-1/2% Bond - 8/15/63</td><td>6,755</td><td>-</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Dec...</td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>2,822</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Total...</td><td></td><td>6,755</td><td>2,822</td><td>-</td></tr></table>
Footnotes at end of table.
(Continued on following page)
May 1958
27
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding March 31, 1958 - (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 end 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">Calleble issues classified by year of:</th><th>Fixed maturity issues</th><th colspan="2">Calleble 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>1964</td><td>Feb...</td><td>3 1/2% Bond - 2/15/64</td><td>3,854</td><td>-</td><td>-</td><td>1970 Mar...</td><td>2-1/2% Bond - 3/15/65-70</td><td>-</td><td>4,704</td></tr><tr><td></td><td>June..</td><td>2-1/2% Bond - 6/15/64-69</td><td>-</td><td>3,747</td><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Dec...</td><td>2-1/2% Bond - 12/15/64-69</td><td>-</td><td>3,822</td><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td>3,854</td><td>7,569</td><td>-</td><td>1971 Mar...</td><td>2-1/2% Bond - 3/15/66-71</td><td>-</td><td>2,951</td></tr><tr><td>1965</td><td>Mar...</td><td>2-1/2% Bond - 3/15/65-70</td><td>-</td><td>4,704</td><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Dec...</td><td>2-3/4% Bond 2/- 12/15/60-65</td><td>-</td><td>-</td><td>1,485</td><td>1972 June..</td><td>2-1/2% Bond - 6/15/67-72</td><td>-</td><td>1,851</td></tr><tr><td></td><td>Total</td><td></td><td>-</td><td>4,704</td><td>1,485</td><td>Sept..</td><td>2-1/2% Bond - 9/15/67-72</td><td>-</td><td>2,716</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>Dec...</td><td>2-1/2% Bond - 12/15/67-72</td><td>-</td><td>3,749</td></tr><tr><td>1966</td><td>Mar...</td><td>2-1/2% Bond - 3/15/66-71</td><td>-</td><td>2,951</td><td>-</td><td>Total</td><td></td><td>-</td><td>8,316</td></tr><tr><td></td><td>Aug...</td><td>3% Bond - 8/15/66</td><td>1,484</td><td>-</td><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td>1,484</td><td>2,951</td><td>-</td><td>1974 Nov...</td><td>3-7/8% Bond - 11/15/74</td><td>654</td><td>-</td></tr><tr><td>1967</td><td>June..</td><td>2-1/2% Bond - 6/15/62-67 2-1/2% Bond - 6/15/67-72</td><td>-</td><td>1,851</td><td>2,113</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Sept..</td><td>2-1/2% Bond - 9/15/67-72</td><td>-</td><td>2,716</td><td>-</td><td>1978 June..</td><td>3-1/4% Bond - 6/15/78-83</td><td>-</td><td>1,604</td></tr><tr><td></td><td>Dec...</td><td>2-1/2% Bond - 12/15/67-72</td><td>-</td><td>3,749</td><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td>-</td><td>8,316</td><td>2,113</td><td>1983 June..</td><td>3-1/4% Bond - 6/15/78-83</td><td>-</td><td>1,604</td></tr><tr><td>1968</td><td>Dec...</td><td>2-1/2% Bond - 12/15/63-68</td><td>-</td><td>-</td><td>2,822</td><td>1990 Feb...</td><td>3-1/2% Bond - 2/15/90</td><td>1,727</td><td>-</td></tr><tr><td>1969</td><td>June..</td><td>2-1/2% Bond - 6/15/64-69</td><td>-</td><td>-</td><td>3,747</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Oct...</td><td>4% Bond - 10/1/69</td><td>657</td><td>-</td><td>-</td><td>1992 Feb...</td><td>3% Bond - 2/15/95</td><td>2,742</td><td>-</td></tr><tr><td></td><td>Dec...</td><td>2-1/2% Bond - 12/15/64-69</td><td>-</td><td>-</td><td>3,822</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td>657</td><td>-</td><td>7,569</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. For date of issue of each security, see "Market Quotations".
2/ Income is partially exempt from income tax.
3/ Called on February 14, 1958, for redemption on June 15, 1958.
1/ Not called for redemption on March 15, 1958. Callable on four months' notice on Sept. 15, 1958, succeeding interest payment date. 2/ Income is wholly exempt from income tax. 3/ Redeemable at option of holder on August 1, 1959, on 3 months' notice. 4/ Redeemable at option of holder on February 25, 1960, on 3 months' notice.
28
Treasury Bulletin
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
<table><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th><th>Amount of bids tendered</th><th colspan="4">Description of new issue</th><th>Amount maturing on issue date of new offering</th><th>Total unearned interest outstanding after new issues</th></tr><tr><th></th><th></th><th></th><th></th><th>Total amount</th><th>On competitive basis</th><th>On noncompetitive basis 1/</th><th>In exchange</th><th></th><th></th></tr><tr><td>Regular weekly bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1957-Nov. 7</td><td>1958-Feb. 6</td><td>91</td><td>2,475.5</td><td>1,700.4</td><td>1,336.7</td><td>363.7</td><td>49.9</td><td>1,700.2</td><td>21,906.2</td></tr><tr><td>Nov. 14</td><td>Feb. 13</td><td>91</td><td>2,566.6</td><td>1,700.1</td><td>1,340.0</td><td>360.1</td><td>30.9</td><td>1,699.9</td><td>21,906.4</td></tr><tr><td>Nov. 21</td><td>Feb. 20</td><td>91</td><td>2,688.1</td><td>1,800.4</td><td>1,427.1</td><td>373.0</td><td>29.8</td><td>1,799.7</td><td>21,907.1</td></tr><tr><td>Nov. 29</td><td>Feb. 27</td><td>90</td><td>2,430.3</td><td>1,800.6</td><td>1,473.8</td><td>326.8</td><td>79.8</td><td>1,800.7</td><td>21,907.1</td></tr><tr><td>Dec. 5</td><td>Mar. 6</td><td>91</td><td>2,655.1</td><td>1,800.0</td><td>1,463.3</td><td>336.7</td><td>74.6</td><td>1,801.0</td><td>21,906.1</td></tr><tr><td>Dec. 12</td><td>Mar. 13</td><td>91</td><td>2,811.6</td><td>1,802.6</td><td>1,380.2</td><td>422.4</td><td>38.1</td><td>1,802.2</td><td>21,906.4</td></tr><tr><td>Dec. 19</td><td>Mar. 20</td><td>91</td><td>2,347.5</td><td>1,700.1</td><td>1,301.4</td><td>398.7</td><td>49.4</td><td>1,600.4</td><td>22,006.1</td></tr><tr><td>Dec. 26</td><td>Mar. 27</td><td>91</td><td>2,416.0</td><td>1,700.2</td><td>1,312.8</td><td>387.4</td><td>51.2</td><td>1,601.6</td><td>22,104.3</td></tr><tr><td>1958-Jan. 2</td><td>Apr. 3</td><td>91</td><td>2,388.2</td><td>1,700.3</td><td>1,332.5</td><td>367.9</td><td>28.6</td><td>1,599.7</td><td>22,205.3</td></tr><tr><td>Jan. 9</td><td>Apr. 10</td><td>91</td><td>2,430.2</td><td>1,699.9</td><td>1,288.9</td><td>411.0</td><td>86.3</td><td>1,600.3</td><td>22,304.9</td></tr><tr><td>Jan. 16</td><td>Apr. 17</td><td>91</td><td>2,682.0</td><td>1,700.6</td><td>1,260.5</td><td>441.1</td><td>40.6</td><td>1,600.3</td><td>22,405.2</td></tr><tr><td>Jan. 23</td><td>Apr. 24</td><td>91</td><td>2,751.0</td><td>1,701.6</td><td>1,345.1</td><td>356.5</td><td>142.9</td><td>1,600.7</td><td>22,506.1</td></tr><tr><td>Jan. 30</td><td>May 1</td><td>91</td><td>2,691.8</td><td>1,700.6</td><td>1,316.0</td><td>384.5</td><td>167.2</td><td>1,699.2</td><td>22,507.5</td></tr><tr><td>Feb. 6</td><td>May 8</td><td>91</td><td>2,356.1</td><td>1,699.7</td><td>1,378.9</td><td>320.8</td><td>89.9</td><td>1,700.4</td><td>22,506.7</td></tr><tr><td>Feb. 13</td><td>May 15</td><td>91</td><td>2,502.4</td><td>1,709.5</td><td>1,393.1</td><td>316.4</td><td>29.5</td><td>1,700.1</td><td>22,516.1</td></tr><tr><td>Feb. 20</td><td>May 22</td><td>91</td><td>2,618.9</td><td>1,800.7</td><td>1,498.6</td><td>302.1</td><td>104.9</td><td>1,800.4</td><td>22,516.4</td></tr><tr><td>Feb. 27</td><td>May 29</td><td>91</td><td>2,597.3</td><td>1,802.2</td><td>1,533.6</td><td>268.7</td><td>23.6</td><td>1,800.6</td><td>22,518.0</td></tr><tr><td>Mar. 6</td><td>June 5</td><td>91</td><td>2,194.7</td><td>1,800.1</td><td>1,562.4</td><td>237.7</td><td>67.8</td><td>1,800.0</td><td>22,518.2</td></tr><tr><td>Mar. 13</td><td>June 12</td><td>91</td><td>2,436.3</td><td>1,699.8</td><td>1,388.2</td><td>311.6</td><td>28.4</td><td>1,802.6</td><td>22,415.5</td></tr><tr><td>Mar. 20</td><td>June 19</td><td>91</td><td>2,505.5</td><td>1,699.7</td><td>1,370.3</td><td>329.3</td><td>59.0</td><td>1,700.1</td><td>22,415.0</td></tr><tr><td>Mar. 27</td><td>June 26</td><td>91</td><td>2,479.7</td><td>1,700.8</td><td>1,369.7</td><td>331.1</td><td>39.0</td><td>1,700.2</td><td>22,415.7</td></tr><tr><td>Apr. 3</td><td>July 3</td><td>91</td><td>2,204.6</td><td>1,700.2</td><td>1,436.3</td><td>263.7</td><td>51.0</td><td>1,700.3</td><td>22,415.4</td></tr><tr><td>Apr. 10</td><td>July 10</td><td>91</td><td>2,272.0</td><td>1,700.1</td><td>1,407.1</td><td>293.1</td><td>25.1</td><td>1,699.9</td><td>22,415.7</td></tr><tr><td>Apr. 17 p.</td><td>July 17</td><td>91</td><td>2,727.5</td><td>1,701.3</td><td>1,370.8</td><td>330.5</td><td>43.5</td><td>1,700.6</td><td>22,416.3</td></tr><tr><td>Apr. 24</td><td>July 24</td><td>91</td><td>2,594.0</td><td>1,699.9</td><td>1,392.0</td><td>307.9</td><td>31.8</td><td>1,701.6</td><td>22,416.6</td></tr></table>
<table><tr><th>Issue date</th><th colspan="2">On total bids accepted -</th><th colspan="4">On competitive bids accepted -</th></tr><tr><th></th><th>Average price per hundred</th><th>Equivalent average rate 2/</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th>(Percent)</th><th>Price per hundred</th><th>Equivalent rate 2/</th><th>Price per hundred</th><th>Equivalent rate 2/</th></tr><tr><td>Regular weekly bills:</td><td></td><td></td><td></td><td>(Percent)</td><td></td><td>(Percent)</td></tr><tr><td>1957-Nov. 7</td><td>99.097</td><td>3.572</td><td>99.100 3/</td><td>3.560</td><td>99.095</td><td>3.580</td></tr><tr><td>Nov. 14</td><td>99.122</td><td>3.473</td><td>99.129</td><td>3.446</td><td>99.121</td><td>3.477</td></tr><tr><td>Nov. 21</td><td>99.205</td><td>3.115</td><td>99.209 4/</td><td>3.129</td><td>99.203</td><td>3.153</td></tr><tr><td>Nov. 29</td><td>99.210</td><td>3.158</td><td>99.222</td><td>3.112</td><td>99.207</td><td>3.172</td></tr><tr><td>Dec. 5</td><td>99.215</td><td>3.105</td><td>99.220</td><td>3.086</td><td>99.212</td><td>3.117</td></tr><tr><td>Dec. 12</td><td>99.244</td><td>2.991</td><td>99.248</td><td>2.975</td><td>99.242</td><td>2.999</td></tr><tr><td>Dec. 19</td><td>99.206</td><td>3.140</td><td>99.225 2/</td><td>3.066</td><td>99.202</td><td>3.157</td></tr><tr><td>Dec. 26</td><td>99.198</td><td>3.173</td><td>99.213</td><td>3.113</td><td>99.195</td><td>3.185</td></tr><tr><td>1958-Jan. 2</td><td>99.304</td><td>2.753</td><td>99.312</td><td>2.722</td><td>99.299</td><td>2.777</td></tr><tr><td>Jan. 9</td><td>99.278</td><td>2.858</td><td>99.288 5/</td><td>2.817</td><td>99.272</td><td>2.880</td></tr><tr><td>Jan. 16</td><td>99.345</td><td>2.591</td><td>99.350</td><td>2.571</td><td>99.344</td><td>2.595</td></tr><tr><td>Jan. 23</td><td>99.346</td><td>2.587</td><td>99.359 7/</td><td>2.536</td><td>99.344</td><td>2.595</td></tr><tr><td>Jan. 30</td><td>99.443</td><td>2.202</td><td>99.450</td><td>2.176</td><td>99.442</td><td>2.207</td></tr><tr><td>Feb. 6</td><td>99.600</td><td>1.583</td><td>99.634</td><td>1.448</td><td>99.573</td><td>1.689</td></tr><tr><td>Feb. 13</td><td>99.583</td><td>1.730</td><td>99.620</td><td>1.503</td><td>99.558</td><td>1.749</td></tr><tr><td>Feb. 20</td><td>99.562</td><td>1.732</td><td>99.582</td><td>1.654</td><td>99.560</td><td>1.741</td></tr><tr><td>Feb. 27</td><td>99.696</td><td>1.202</td><td>99.701</td><td>1.183</td><td>99.690</td><td>1.226</td></tr><tr><td>Mar. 6</td><td>99.658</td><td>1.351</td><td>99.670</td><td>1.305</td><td>99.646</td><td>1.400</td></tr><tr><td>Mar. 13</td><td>99.613</td><td>1.332</td><td>99.660 8/</td><td>1.345</td><td>99.609</td><td>1.547</td></tr><tr><td>Mar. 20</td><td>99.661</td><td>1.342</td><td>99.671</td><td>1.302</td><td>99.657</td><td>1.357</td></tr><tr><td>Mar. 27</td><td>99.700</td><td>1.188</td><td>99.704</td><td>1.171</td><td>99.696</td><td>1.203</td></tr><tr><td>Apr. 3</td><td>99.710</td><td>1.148</td><td>99.725</td><td>1.088</td><td>99.696</td><td>1.203</td></tr><tr><td>Apr. 10</td><td>99.729</td><td>1.074</td><td>99.740</td><td>1.029</td><td>99.720</td><td>1.108</td></tr><tr><td>Apr. 17 p</td><td>99.690</td><td>1.226</td><td>99.729 2/</td><td>1.072</td><td>99.688</td><td>1.234</td></tr><tr><td>Apr. 24 p</td><td>99.733</td><td>1.055</td><td>99.744 10/</td><td>1.013</td><td>99.729</td><td>1.072</td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in daily Treasury statement.
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 99.115.
4/ Except $50,000 at 99.216.
5/ Except $15,000 at 99.248, $100,000 at 99.242, $300,000 at 99.241, and $100,000 at 99.240.
6/ Except $350,000 at 99.304.
7/ Except $600,000 at 99.368.
8/ Except $100,000 at 99.684.
9/ Except $1,000,000 at 99.760, and $550,000 at 99.750.
10/ Except $300,000 at 99.752.
p Preliminary.
May 1958
29
DEBT OPERATIONS
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issue</th><th rowspan="2">Number of days to maturity</th><th rowspan="2">Amount of bids tendered</th><th rowspan="2">Amount of bids accepted</th><th rowspan="2">Average rate on bids accepted 1/ (Percent)</th><th colspan="3">Hov money raised from -</th></tr><tr><th>Issue date</th><th>Maturity date</th><th>Increase in regular weekly bills, or decrease (-)</th><th>Tax anticipation bills</th><th>Other bills</th></tr><tr><td>1953-May 7......</td><td>1953-Aug. 6</td><td>91</td><td>2,166</td><td>1,500</td><td>2.322</td><td>200</td><td>-</td><td>-</td></tr><tr><td>May 21......</td><td>Aug. 20</td><td>91</td><td>2,340</td><td>1,501</td><td>2.092</td><td>200</td><td>-</td><td>-</td></tr><tr><td>May 28......</td><td>Aug. 27</td><td>91</td><td>2,087</td><td>1,501</td><td>2.084</td><td>200</td><td>-</td><td>-</td></tr><tr><td>June 3......</td><td>Sept. 18</td><td>107</td><td>1,676</td><td>800</td><td>2.383</td><td>-</td><td>800</td><td>-</td></tr><tr><td>June 4......</td><td>Sept. 3</td><td>91</td><td>1,780</td><td>1,500</td><td>2.416</td><td>159</td><td>-</td><td>-</td></tr><tr><td>June 11......</td><td>Sept. 10</td><td>91</td><td>2,290</td><td>1,400</td><td>2.323</td><td>198</td><td>-</td><td>-</td></tr><tr><td>June 18......</td><td>Sept. 17</td><td>91</td><td>2,207</td><td>1,501</td><td>2.228</td><td>300</td><td>-</td><td>-</td></tr><tr><td>June 25......</td><td>Sept. 24</td><td>91</td><td>1,995</td><td>1,500</td><td>1.954</td><td>100</td><td>-</td><td>-</td></tr><tr><td>July 2......</td><td>Oct. 1</td><td>91</td><td>2,192</td><td>1,500</td><td>2.106</td><td>300</td><td>-</td><td>-</td></tr><tr><td>July 9......</td><td>Oct. 8</td><td>91</td><td>2,167</td><td>1,501</td><td>2.007</td><td>100</td><td>-</td><td>-</td></tr><tr><td>July 16......</td><td>Oct. 15</td><td>91</td><td>2,277</td><td>1,500</td><td>2.106</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Sept.10......</td><td>Dec. 10</td><td>91</td><td>2,023</td><td>1,501</td><td>1.953</td><td>101</td><td>-</td><td>-</td></tr><tr><td>1954-Mar. 22......</td><td>1954-June 24</td><td>94</td><td>2,717</td><td>1,501</td><td>.956</td><td>-</td><td>1,501</td><td>-</td></tr><tr><td>Apr. 27......</td><td>June 18</td><td>52</td><td>2,987</td><td>1,001</td><td>.726</td><td>-</td><td>1,001</td><td>-</td></tr><tr><td>1955-July 7......</td><td>1955-Oct. 6</td><td>91</td><td>2,119</td><td>1,600</td><td>1.541</td><td>99</td><td>-</td><td>-</td></tr><tr><td>July 18......</td><td>Oct. 13</td><td>91</td><td>2,258</td><td>1,600</td><td>1.606</td><td>100</td><td>-</td><td>-</td></tr><tr><td>July 21......</td><td>Oct. 20</td><td>91</td><td>2,390</td><td>1,600</td><td>1.619</td><td>100</td><td>-</td><td>-</td></tr><tr><td>July 28......</td><td>Oct. 27</td><td>91</td><td>2,403</td><td>1,601</td><td>1.720</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Aug. 4......</td><td>Nov. 3</td><td>91</td><td>2,328</td><td>1,601</td><td>1.850</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Aug. 11......</td><td>Nov. 10</td><td>91</td><td>2,292</td><td>1,601</td><td>1.889</td><td>98</td><td>-</td><td>-</td></tr><tr><td>Aug. 18......</td><td>Nov. 17</td><td>91</td><td>2,369</td><td>1,601</td><td>1.888</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Aug. 25......</td><td>Nov. 25</td><td>92</td><td>2,178</td><td>1,600</td><td>1.875</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Sept. 1......</td><td>Dec. 1</td><td>91</td><td>2,202</td><td>1,600</td><td>2.088</td><td>99</td><td>-</td><td>-</td></tr><tr><td>Sept. 8......</td><td>Dec. 8</td><td>91</td><td>2,282</td><td>1,602</td><td>2.135</td><td>102</td><td>-</td><td>-</td></tr><tr><td>Sept.15......</td><td>Dec. 15</td><td>91</td><td>2,654</td><td>1,602</td><td>2.104</td><td>99</td><td>-</td><td>-</td></tr><tr><td>Sept.22......</td><td>Dec. 22</td><td>91</td><td>2,328</td><td>1,601</td><td>1.981</td><td>98</td><td>-</td><td>-</td></tr><tr><td>Sept.29......</td><td>Dec. 29</td><td>91</td><td>2,317</td><td>1,601</td><td>2.222</td><td>101</td><td>-</td><td>-</td></tr><tr><td>Dec. 15......</td><td>1956-Mar. 23</td><td>99</td><td>1,330</td><td>1,501</td><td>2.465</td><td>-</td><td>1,501</td><td>-</td></tr><tr><td>1956-Oct. 17......</td><td>1957-Jan. 16</td><td>91</td><td>4,761</td><td>1,603</td><td>2.627</td><td>-</td><td>-</td><td>1,603</td></tr><tr><td>Nov. 16......</td><td>Feb. 15</td><td>91</td><td>4,637</td><td>1,750</td><td>2.617</td><td>-</td><td>-</td><td>1,750</td></tr><tr><td>Dec. 17......</td><td>Mar. 22</td><td>95</td><td>3,786</td><td>1,006</td><td>2.585</td><td>-</td><td>1,006</td><td>-</td></tr><tr><td>1957-Jan. 16......</td><td>June 24</td><td>159</td><td>2,414</td><td>1,601</td><td>3.305</td><td>-</td><td>2/</td><td>-</td></tr><tr><td>Jan. 31......</td><td>May 2</td><td>91</td><td>2,624</td><td>1,700</td><td>3.283</td><td>99</td><td>-</td><td>-</td></tr><tr><td>Feb. 7......</td><td>May 9</td><td>91</td><td>2,626</td><td>1,700</td><td>3.433</td><td>99</td><td>-</td><td>-</td></tr><tr><td>Feb. 18......</td><td>May 16</td><td>91</td><td>2,719</td><td>1,700</td><td>3.057</td><td>99</td><td>-</td><td>-</td></tr><tr><td>Feb. 15......</td><td>June 24</td><td>129</td><td>2,302</td><td>1,790</td><td>3.231</td><td>-</td><td>3/</td><td>-</td></tr><tr><td>Feb. 21......</td><td>May 23</td><td>91</td><td>2,580</td><td>1,800</td><td>3.182</td><td>200</td><td>-</td><td>-</td></tr><tr><td>Feb. 28......</td><td>May 31</td><td>92</td><td>2,741</td><td>1,802</td><td>3.288</td><td>202</td><td>-</td><td>-</td></tr><tr><td>Mar. 7......</td><td>June 6</td><td>91</td><td>2,769</td><td>1,800</td><td>3.246</td><td>200</td><td>-</td><td>-</td></tr><tr><td>Mar. 14......</td><td>June 13</td><td>91</td><td>2,830</td><td>1,802</td><td>3.239</td><td>202</td><td>-</td><td>-</td></tr><tr><td>May 27......</td><td>Sept. 23</td><td>119</td><td>3,689</td><td>1,501</td><td>2.825</td><td>-</td><td>1,501</td><td>-</td></tr><tr><td>July 3......</td><td>1958-Mar. 24</td><td>264</td><td>4,547</td><td>3,002</td><td>3.485</td><td>-</td><td>3,002</td><td>-</td></tr><tr><td>Aug. 21......</td><td>Apr. 15</td><td>237</td><td>3,178</td><td>1,751</td><td>4.173</td><td>-</td><td>-</td><td>1,751 3/</td></tr><tr><td>Dec. 19......</td><td>Mar. 20</td><td>91</td><td>2,348</td><td>1,700</td><td>3.140</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Dec. 26......</td><td>Mar. 27</td><td>91</td><td>2,416</td><td>1,700</td><td>3.173</td><td>98</td><td>-</td><td>-</td></tr><tr><td>1958-Jan. 2......</td><td>Apr. 3</td><td>91</td><td>2,388</td><td>1,700</td><td>2.753</td><td>101</td><td>-</td><td>-</td></tr><tr><td>Jan. 9......</td><td>Apr. 10</td><td>91</td><td>2,430</td><td>1,700</td><td>2.858</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Jan. 16......</td><td>Apr. 17</td><td>91</td><td>2,632</td><td>1,701</td><td>2.591</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Jan. 23......</td><td>Apr. 24</td><td>91</td><td>2,721</td><td>1,702</td><td>2.567</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Mar. 13......</td><td>June 12</td><td>91</td><td>2,436</td><td>1,700</td><td>1.538</td><td>-100</td><td>-</td><td>-</td></tr></table>
Source: See Table 2. Information in Table 3 covers bill offerings through April 30, 1958.
1/ Equivalent average rate on bank discount basis.
2/ Tar anticipation bills dated January 16, 1957, were offered
3/ Tax anticipation bills dated February 15, 1957, were offered for cash and in exchange for special bills maturing February 15.
4/ Included in February 14, 1958, refunding (see Table 6).
30
Treasury Bulletin
DEBT OPERATIONS
Table 4.- 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>Allot-ment ratio</th></tr><tr><th></th><th></th><th></th><th>Maturity</th><th>First cell</th><th>Cash 1/</th><th>Exchange</th><th>For cash 1/</th><th>In exchange for other securities 2/</th><th></th></tr><tr><td>2/2/53</td><td>2/15/53<br>2/15/53<br>1/1/53</td><td>2-1/4% Certificate - 2/15/54-A<br>2-1/2% Bond - 12/15/58 3/</td><td>1 yr<br>5 yr</td><td>10 m</td><td>-</td><td>620</td><td>-</td><td>8,114<br>620</td><td>100</td></tr><tr><td>4/13/53</td><td>5/1/53</td><td>3-1/4% Bond - 6/15/78-83</td><td>30 yr</td><td>1 1/2 m</td><td>5,250</td><td>4,185</td><td>1,188</td><td>4,185</td><td>67</td></tr><tr><td>5/20/53</td><td>6/1/53</td><td>2-5/8% Certificate - 6/1/54-B</td><td>1 yr</td><td>-</td><td>-</td><td>4,898</td><td>-</td><td>4,898</td><td>100</td></tr><tr><td>7/6/53</td><td>7/15/53</td><td>2-1/2% Certificate (tax ant. 1/)</td><td>1 yr</td><td>8 m</td><td>8,687</td><td>-</td><td>5,902</td><td>-</td><td>8/</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>9/2/53</td><td>9/15/53<br>9/15/53<br>10/1/53</td><td>2-5/8% Certificate - 9/15/54-E<br>2-7/8% Note - 3/15/57-A<br>1-1/2% Note - 10/1/58-MO</td><td>1 yr<br>3 yr<br>5 yr</td><td>6 m</td><td>-</td><td>4,724<br>2,997<br>121</td><td>-</td><td>4,724<br>2,997<br>121</td><td>100</td></tr><tr><td>10/28/53</td><td>11/9/53</td><td>2-3/4% Bond - 9/15/61</td><td>7 yr</td><td>10 m</td><td>12,543</td><td>-</td><td>2,239</td><td>-</td><td>9/</td></tr><tr><td>11/18/53</td><td>12/1/53<br>12/1/53<br>2/15/54</td><td>1-7/8% Note - 12/15/54-B<br>1-7/8% Bond - 12/15/58 3/</td><td>1 yr<br>5 yr</td><td>1 1/2 m</td><td>-</td><td>8,175<br>1,748</td><td>-</td><td>8,175<br>1,748</td><td>100</td></tr><tr><td>2/1/54</td><td>2/15/54<br>2/15/54<br>1/1/54</td><td>1-5/8% Certificate - 2/15/55-A<br>1-7/8% Bond - 11/15/61<br>1-1/2% Note - 4/1/59-8A</td><td>1 yr<br>7 yr<br>5 yr</td><td>9 m</td><td>-</td><td>7,007<br>11,177<br>119</td><td>-</td><td>7,007<br>11,177<br>119</td><td>100</td></tr><tr><td>5/4/54</td><td>5/17/54</td><td>1-7/8% Note - 2/15/59-A</td><td>4 yr</td><td>9 m</td><td>9,750</td><td>-</td><td>2,205</td><td>-</td><td>10/</td></tr><tr><td>5/5/54</td><td>5/17/54</td><td>1-1/8% Certificate - 5/17/55-B</td><td>1 yr</td><td>-</td><td>-</td><td>2,897<br>3,886</td><td>-</td><td>2,897<br>3,886</td><td>100</td></tr><tr><td>7/21/54</td><td>8/2/54</td><td>1% Certificate (tax ant. 12/)</td><td>1 yr</td><td>7 1/2 m</td><td>9,250</td><td>-</td><td>3,734</td><td>-</td><td>12/</td></tr><tr><td>8/3/54</td><td>8/15/54<br>8/15/54<br>10/4/54</td><td>1-1/8% Certificate - 8/15/55-D 13/</td><td>1 yr<br>6 yr</td><td>3 m</td><td>-</td><td>3,598<br>3,806</td><td>-</td><td>3,598<br>3,806</td><td>100</td></tr><tr><td>9/23/54</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>11/</td></tr><tr><td>11/22/54</td><td>11/15/54<br>12/15/54</td><td>1-1/2% Note - 10/1/59-MO<br>1-1/8% Certificate - 8/15/55-D 13/</td><td>5 yr<br>1 yr</td><td>-</td><td>-</td><td>99<br>4,919</td><td>-</td><td>99<br>4,919</td><td>100</td></tr><tr><td>2/1/55</td><td>2/15/55<br>2/15/55</td><td>1-5/8% Note - 3/15/56-A<br>2-1/2% Bond - 8/15/57-C</td><td>1 yr<br>2 yr</td><td>1 m<br>6 m</td><td>-</td><td>8,472<br>3,792</td><td>-</td><td>8,472<br>3,792</td><td>100</td></tr><tr><td>3/22/55</td><td>4/1/55</td><td>1-3/8% Certificate (tax ant. 16/)</td><td>1-3/8% Certificate - 6/22/55-7</td><td>2 1/2 m</td><td>7,938</td><td>-</td><td>3,210</td><td>-</td><td>12/</td></tr><tr><td>5/3/55</td><td>5/17/55</td><td>1-1/2% Note - 4/1/60-EA</td><td>5 yr</td><td>-</td><td>-</td><td>198</td><td>-</td><td>198</td><td>100</td></tr><tr><td>7/8/55</td><td>7/18/55</td><td>2% Note - 8/15/56-B 17/</td><td>1 yr</td><td>3 m</td><td>3,989</td><td>3,174</td><td>2,532</td><td>3,174</td><td>18/</td></tr><tr><td>7/11/55</td><td>2/15/55</td><td>1-7/8% Certificate (tax ant. 19/)</td><td>1-7/8% Certificate - 3/22/56-A</td><td>8 m</td><td>10,620</td><td>-</td><td>2,202</td><td>-</td><td>20/</td></tr><tr><td>7/20/55</td><td>8/1/55<br>5/17/55</td><td>3% Bond - 2/15/59 15/</td><td>3%</td><td>40 yr</td><td>1,720</td><td>-</td><td>821</td><td>-</td><td>21/</td></tr><tr><td>10/3/55</td><td>10/11/55</td><td>2-1/4% Certificate (tax ant. 22/)</td><td>2-1/4% Certificate - 6/22/56-C</td><td>8 m</td><td>8,778</td><td>-</td><td>2,970</td><td>-</td><td>23/</td></tr><tr><td>11/28/55</td><td>12/1/55<br>12/1/55</td><td>1-1/2% Note - 10/1/60-80</td><td>1-1/2% Note - 12/1/56-D</td><td>5 yr<br>1 yr</td><td>-</td><td>278<br>9,083</td><td>-</td><td>278<br>9,083</td><td>100</td></tr><tr><td>3/5/56</td><td>3/5/56<br>12/1/55</td><td>2-5/8% Certificate - 6/15/58-A 2B/</td><td>2-5/8% Certificate - 2/15/57-A</td><td>1 yr<br>6 m</td><td>-</td><td>2,283<br>7,219</td><td>-</td><td>2,283<br>7,219</td><td>100</td></tr><tr><td>7/16/56</td><td>7/16/56<br>8/15/56</td><td>2-7/8% Note - 6/15/58-A 2B/</td><td>2-7/8% Note - 6/1/61-EA</td><td>2 yr<br>5 yr</td><td>-</td><td>2,109<br>144</td><td>-</td><td>2,109<br>144</td><td>100</td></tr><tr><td>8/6/56</td><td>8/15/56</td><td>2-3/4% Note - 8/1/57-D</td><td>2-3/4% Note - 3/22/57-B</td><td>1 yr<br>7 m</td><td>10,613</td><td>12,056</td><td>3,221</td><td>12,056</td><td>25/</td></tr><tr><td>11/19/56</td><td>12/1/56<br>12/1/56</td><td>1-1/2% Note - 10/1/61-MO</td><td>3-1/4% Certificate (tax ant. 27/)</td><td>5 yr<br>6 1/2 m</td><td>-</td><td>332<br>1,312</td><td>-</td><td>332<br>1,312</td><td>100</td></tr><tr><td>2/4/57</td><td>2/15/57<br>2/15/57</td><td>3-1/4% Certificate - 10/1/57-D</td><td>3-1/4% Certificate - 2/14/58-A 28/</td><td>10 m<br>1 yr</td><td>-</td><td>7,271<br>8,414</td><td>-</td><td>7,271<br>8,414</td><td>100</td></tr><tr><td>3/18/57</td><td>2/15/57<br>2/15/57</td><td>3-3/8% Certificate - 5/15/60-A 28/</td><td>3-3/8% Certificate - 2/14/58-A</td><td>3 yr<br>1 yr</td><td>7,489<br>5,868</td><td>-<br>-</td><td>2,437<br>942</td><td>-<br>-</td><td>29/</td></tr><tr><td>5/6/57</td><td>4/1/57<br>5/1/57</td><td>1-1/2% Note - 4/1/62-8A</td><td>3-1/2% Certificate - 4/15/58-B</td><td>5 yr<br>11 1/2 m</td><td>-</td><td>551<br>2,351</td><td>-</td><td>551<br>2,351</td><td>100</td></tr></table>
(Continued on following page)
May 1958
31
DEBT OPERATIONS
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness-(Continued)
<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 2/</th><th></th></tr><tr><td>7/22/57</td><td>8/1/57<br>8/1/57<br>8/1/57</td><td>3-5/8% Certificate - 12/1/57-E<br>4% Certificate - 8/1/58-C<br>4% Note - 8/1/61-A</td><td>1 yr<br>1 yr<br>11 yr</td><td>4 m<br>....................<br>....................</td><td>100<br>100<br>....................</td><td>9,871<br>10,487<br>2,509</td><td>100<br>100<br>....................</td><td>9,871<br>10,487<br>2,509</td><td>100 32/</td></tr><tr><td>9/16/57</td><td>8/1/57<br>9/26/57<br>10/1/57</td><td>4% Certificate - 8/1/58-C<br>4% Note - 8/15/58-B<br>4% Bond - 10/1/69</td><td>1 yr<br>1 yr<br>12 yr</td><td>11 m<br>....................<br>....................</td><td>3,067<br>6,121<br>4,648</td><td>-<br>-<br>....................</td><td>933<br>2,000<br>657</td><td>-<br>-<br>....................</td><td>31/ 35/</td></tr><tr><td>11/20/57</td><td>11/29/57<br>12/2/57</td><td>1-1/2% Note - 10/1/62-E0<br>3-3/4% Note - 11/15/62-C<br>3-7/8% Bond - 11/15/74</td><td>5 yr<br>4 yr<br>16 yr</td><td>111 m<br>....................<br>111 m</td><td>....................<br>7,786<br>3,817</td><td>590<br>-<br>....................</td><td>-<br>1,143<br>654</td><td>590<br>-<br>....................</td><td>100<br>36/ 11/</td></tr><tr><td>11/21/57</td><td>12/1/57</td><td>3-3/4% Certificate - 12/1/58-D</td><td>1 yr</td><td>....................</td><td>....................</td><td>9,833</td><td>....................</td><td>9,833</td><td>100</td></tr><tr><td>2/3/58</td><td>2/14/58<br>2/14/58<br>2/14/58</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/68<br>3-1/2% Bond - 2/15/90</td><td>1 yr<br>6 yr<br>32 yr</td><td>....................<br>....................<br>....................</td><td>....................<br>....................<br>....................</td><td>9,770 p<br>3,854 p<br>1,727 p</td><td>....................<br>....................<br>....................</td><td>9,770 p<br>3,854 p<br>1,727 p</td><td>100</td></tr><tr><td>2/28/58</td><td>2/28/58</td><td>3% Bond - 8/15/66</td><td>8 yr</td><td>51m</td><td>6,715 p</td><td>....................</td><td>1,464 p</td><td>....................</td><td>38/</td></tr><tr><td>4/17/58</td><td>4/1/58<br>4/15/58</td><td>1-1/2% Note - 4/1/63-BA<br>2-5/8% Note - 2/15/63-A</td><td>5 yr<br>4 yr</td><td>10m</td><td>15,741 p</td><td>....................</td><td>3,971 p</td><td>....................</td><td>100 32/</td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from sub-securing and allotment reports; final figures are on "clearance" basis in daily Treasury statement.
1/ On date of all public cash subscriptions and subscriptions by United States Government investment accounts.
2/ For maturing securities exchanged for the new issues, see Table 6.
3/ 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.
4/ The 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 April 30, 1958.
5/ The offering was made available for exchange of Series F and G savings bonds maturing from May 1 through December 31, 1953.
6/ Total allotments on cash subscriptions were limited to approximately $1,000 million. Monbank 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. Payment for the bonds allotted could be made with accrued interest at any time not later than July 31, 1953.
7/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1954.
8/ 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.
9/ Subscriptions for amounts up to and including $10,000 were allotted in full. All other subscriptions from savings banks, insurance companies, pension and retirement funds, and State and local governments were allotted 26 percent. All others, including commercial banks, were allotted 16 percent but not less than $10,000 on any one subscription.
10/ 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.
11/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due March 15, 1955.
12/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted
13/ 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 1-1/8% notes which matured December 15, 1954, the 26 bonds which matured December 15, 1954, and the 24 bonds which were called for redemption on December 15, 1954. Total exchange in the two offerings amounted to $8,477 million.
14/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 50 percent in full.
15/ The 35 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, for payment July 20, 1955. The total amount issued in the two operations was $2,745 million.
16/ Also designated tax anticipation certificates, acceptable at par plus cash interest, for maturity in payment of income and profit taxes due June 15, 1955.
17/ The 25 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.
18/ 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.
19/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profit taxes due March 15, 1956.
20/ 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.
21/ 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 $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 December 15, 1955.
22/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profit taxes due June 15, 1956.
23/ 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.
32
Treasury Bulletin
DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
21/ The 2-1/8% notes dated December 1, 1955, were reissued 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 exchange in the two offerings amounted to $4,392 million.
22/ Also designated tax anticipation certificates, acceptable at per plus accumulated interest maturity in payment of income and profits taxes due March 15, 1957.
25/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case less than $100,000.
27/ Also designated tax anticipation certificates, acceptable at per plus accumulated interest maturity in payment of income and profits taxes due June 15, 1957.
28/ The 3-1/8% certificates dated February 15, 1957, and the 3-1/2% notes dated February 15, 1957, were reissued with all the certificates and notes of each series identical in all respects, as an additional cash offering on March 18, 1957, for payment March 28, 1957. Total issues in the two offerings amounted to $10,851 million for the certificates and $2,406 million for the notes.
29/ Subscriptions in excess of $100,000 were allotted 31 percent for the certificates and 12 percent for the notes. Subscriptions for $100,000 or less for both issues were allotted in full and subscriptions for more, than $100,000 were allotted not less than $100,000. In addition to the amount allotted, the public was given the option of the notes were allotted to Government investment accounts.
10/ The 4% certificates dated August 1, 1957, were reissued with all the certificates of the series identical in all respects, as an additional cash offering on September 16, 1957, for payment September 26, 1957. The total amount issued in the two operations was $11,519 million.
11/ Amounts in the option of the holder on August 1, 1959, on three months' advance notice.
12/ In addition to the amounts issued in exchange, the Treasury allotted $100 million of each issue to Government investment accounts.
33/ Redeemable at the option of the holder on February 15, 1960, on three months' advance notice.
34/ Subscriptions in excess of $100,000 were allotted 22 percent for the certificates and 28 percent for the notes. Subscriptions for $100,000 or more for bonds were allotted 20 percent in full, and subscriptions for more than $100,000 were allotted not less than $100,000. In addition to the amounts allotted to the public, $100 million of each issue were allotted to Government investment accounts.
35/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case less than $10,000. In addition to the amounts allotted to the public, $100 million of the bonds were allotted to Government investment accounts. Payment for not more than 50 percent of the bonds allotted could be deferred until not later than October 21, 1957.
36/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type investors and 20 percent to all other subscribers, but in no case less than $10,000. In addition to the amount allotted to the public, $100 million of the notes were allotted to Government investment accounts.
37/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type investors and 10 percent to all other subscribers, but in no case less than $10,000. In addition to the amounts allotted to the public, $100 million of the bonds were allotted to Government investment accounts.
38/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case less than $10,000. In addition to the amount allotted to the public $100 million of the bonds were allotted to Government investment accounts.
39/ Subscriptions for $5,000 or less were allotted in full. Subscriptions for more than $55,000 were allotted 24 percent but in no case less than $25,000. In addition to the amount allotted to the public, $100 million of the notes were allotted to Government investment accounts.
p Preliminary.
May 1958
33
DEBT OPERATIONS
Table 5.- 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 filing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="8">Allotments by investor classes</th><th rowspan="2">State and local governments 2/ Pension and retirement funds</th><th rowspan="2">Dealers and brokers</th><th rowspan="2">All other 6/</th></tr><tr><th>For cash</th><th>In exchange for other securities</th><th>U.S. Government investment accounts and Federal Reserve Banks</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></tr><tr><td>8/15/53</td><td>2-1/4% Cert. 2/15/54-A 2-1/4% Bond 12/15/58</td><td>-</td><td>8,118 620</td><td>3,698 3</td><td>2,879 444</td><td>187 6</td><td>150 9</td><td>55 20</td><td>7/ 1/</td><td>7/ 1/</td><td>230 13</td><td>152 100</td><td>1,361 21</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>7/ 7/</td><td>7/ 7/</td><td>75 12</td><td>158 * 80</td><td>248 874</td></tr><tr><td>6/1/53</td><td>2-5/8% Cert. 6/1/54-B</td><td>-</td><td>4,898</td><td>1,153</td><td>2,015</td><td>98</td><td>113</td><td>77</td><td>7/ 7/</td><td>7/ 7/</td><td>366</td><td>162</td><td></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>67</td><td>111</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-X 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>106 42</td><td>131 140</td><td>95 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 22</td><td>339 110</td><td>1</td><td>1</td><td>100 26</td><td>169 94</td><td></td></tr><tr><td>2/15/54</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>5/17/54</td><td>1-1/8% Note 2/15/59-A 1-1/8% Cert. 5/17/55-B</td><td>2,205</td><td>2,897 3,886</td><td>26 1,685</td><td>1,138 1,982 986</td><td>175 61</td><td>146 74 28</td><td>139 23 4</td><td>216 847 558</td><td>36 20 6</td><td>*</td><td>37 103 294</td><td>219 276 76</td><td>73 130 180</td></tr><tr><td>8/2/54</td><td>1% Cert. 3/22/55-C 8/</td><td>3,734</td><td>-</td><td>1</td><td>2,011</td><td>39</td><td>59</td><td>41</td><td>1,146</td><td>3</td><td>1</td><td>156</td><td>192</td><td>85</td></tr><tr><td>8/15/54</td><td>1-1/8% Cert. 8/15/55-D 2-1/8% Bond 11/15/60</td><td>-</td><td>3,598 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</td><td>369 68</td><td>117 130</td><td>238 130</td></tr><tr><td>10/1/54</td><td>1-5/8% Note 5/15/57-B</td><td>4,155</td><td>-</td><td>12</td><td>2,718</td><td>141</td><td>98</td><td>70</td><td>497</td><td>69</td><td>2</td><td>87</td><td>344</td><td>117</td></tr><tr><td>12/15/54</td><td>1-1/8% Cert. 8/15/55-D 10/ 1-1/4% Cert. 12/15/55-B 2-1/2% Bond 8/15/63</td><td>-</td><td>4,919 5,359 6,755</td><td>4,763 2,520</td><td>57 1,899 5,503</td><td>9 103 144</td><td>1 41 826</td><td>14 1 142</td><td>30 656 126</td><td>13 5 37</td><td>*</td><td>6 311 156</td><td>120 240</td><td>34 144</td></tr><tr><td>2/15/55</td><td>1-5/8% Note 3/15/56-A 2% Note 8/15/57-C 3% Bond 2/15/55</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 13 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>4/1/55</td><td>1-3/8% Cert. 6/22/55-F 8/</td><td>3,210</td><td>-</td><td>-</td><td>1,914</td><td>24</td><td>39</td><td>4</td><td>1,009</td><td>1</td><td>*</td><td>55</td><td>135</td><td>29</td></tr><tr><td>5/17/55</td><td>2% Note 8/15/56-B</td><td>2,532</td><td>3,174</td><td>1,685</td><td>1,747 614</td><td>36 53</td><td>10 19</td><td>4 6</td><td>245 355</td><td>2 22</td><td>4</td><td>21 203</td><td>62 82</td><td>101 134</td></tr><tr><td>7/18/55</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>7/80/55</td><td>3% Bond 2/15/59 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>2% Cert. 6/22/56-B 2% Note 8/15/56-B 12/</td><td>-</td><td>1,486 6,841</td><td>5,754</td><td>387 400</td><td>89 64</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>48 105</td></tr><tr><td>10/11/55</td><td>2-1/4% Cert. 6/22/56-C 8/</td><td>2,970</td><td>-</td><td>-</td><td>1,782</td><td>44</td><td>18</td><td>4</td><td>976</td><td>*</td><td>1</td><td>38</td><td>65</td><td>42</td></tr><tr><td>12/1/55</td><td>2-5/8% Cert. 12/1/56-D 2-1/8% Note 6/15/58-A</td><td>-</td><td>9,083 2,283</td><td>5,757 1</td><td>1,349 1,099</td><td>108 32</td><td>33 62</td><td>16 37</td><td>998 478</td><td>4 24</td><td>2 1</td><td>342 261</td><td>240 137</td><td>234 131</td></tr><tr><td>3/5/56</td><td>2-3/8% Cert. 2/15/57-A 2-7/8% Note 6/15/58-A 13/</td><td>-</td><td>7,219 2,109</td><td>5,088 18</td><td>570 903</td><td>69 35</td><td>21 32</td><td>6 34</td><td>892 548</td><td>26 13</td><td>1 -</td><td>319 195</td><td>39 191</td><td>288 140</td></tr><tr><td>7/16/56</td><td>2-3/4% Note 8/1/57-D</td><td>-</td><td>12,056</td><td>8,078</td><td>1,234</td><td>140</td><td>67</td><td>22</td><td>1,313</td><td>20</td><td>19</td><td>680</td><td>57</td><td>426</td></tr><tr><td>8/15/56</td><td>2-3/4% Cert. 3/22/57-B 8/</td><td>3,221</td><td>-</td><td>-</td><td>2,175</td><td>24</td><td>10</td><td>5</td><td>947</td><td>1</td><td>-</td><td>29</td><td>18</td><td>12</td></tr><tr><td>12/1/56</td><td>1-3-1/4% Cert. 6/24/57-C 3-1/4% Cert. 10/1/57-D</td><td>-</td><td>1,312 7,271</td><td>15 6,135</td><td>358 794</td><td>48 66</td><td>7 10</td><td>4 9</td><td>289 198</td><td>3 7</td><td>*</td><td>99 161</td><td>60 83</td><td>129 108</td></tr><tr><td>2/15/57</td><td>3-3/8% Cert. 2/1/58-A 3-1/2% Note 5/15/60-A</td><td>-</td><td>8,414 1,464</td><td>5,708 131</td><td>1,159 725</td><td>116 21</td><td>48 47</td><td>26 31</td><td>773 114</td><td>49 14</td><td>1 2</td><td>448 64</td><td>168 205</td><td>118 110</td></tr><tr><td>3/28/57</td><td>3-3/8% Cert. 2/1/58-A 3-1/2% Note 5/15/60-A 13/</td><td>2,437 942</td><td>-</td><td>100</td><td>2,361 786</td><td>20 19</td><td>2 4</td><td>2 4</td><td>33 12</td><td>1 2</td><td>*</td><td>1 2</td><td>3 7</td><td>14 6</td></tr></table>
(Continued on following page)
34
Treasury Bulletin
DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness 1/2 (Continued)
(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="2">U. S. Government investment accounts and Federal Reserve Banks</th><th colspan="3">Allotments by investor classee</th><th colspan="2">State and local governments 5/</th><th rowspan="2">Dealers and brokers 6/</th><th rowspan="2">All other 6/</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 1/</th><th>Private pension and retirement funds</th><th>Pension and retirement funds</th><th>Other funds</th></tr><tr><td>5/1/57</td><td>3-1/2% Cert. 3-5/8% Note 2/15/58-B</td><td>-</td><td>2,351 647</td><td>112 365</td><td>1,042 166</td><td>25 3</td><td>62 14</td><td>14 3</td><td>487 45</td><td>42 1</td><td>*</td><td>272 9</td><td>91 29</td><td>204 12</td></tr><tr><td>8/1/57</td><td>3-5/8% Cert. 8/1/58-C 8/1/61-A</td><td>100 15/ 100 15/</td><td>9,871 2,509</td><td>7,991 271</td><td>650 1,394</td><td>50 68</td><td>27 54</td><td>17 48</td><td>691 174</td><td>19 6</td><td>1</td><td>319 215</td><td>129 129</td><td>77 222</td></tr><tr><td>9/26/57</td><td>4% Cert. 8/1/58-B 16/ 8/15/62-B</td><td>933 2,000</td><td>-</td><td>100 15/ 100 15/</td><td>756 1,450</td><td>23 93</td><td>2 31</td><td>1 50</td><td>22 49</td><td>2 5</td><td>*</td><td>10 2</td><td>2 175</td><td>15 39</td></tr><tr><td>10/1/57</td><td>4% Bond 10/1/69</td><td>657</td><td>-</td><td>100 15/</td><td>296</td><td>84</td><td>16</td><td>21</td><td>20</td><td>5</td><td>12</td><td>9</td><td>79</td><td>15</td></tr><tr><td>11/29/57</td><td>3-3/4% Note 11/15/60-C</td><td>1,143</td><td>-</td><td>100 15/</td><td>663</td><td>39</td><td>62</td><td>58</td><td>28</td><td>8</td><td>5</td><td>1</td><td>120</td><td>59</td></tr><tr><td>12/1/57</td><td>3-3/4% Cert. 12/1/58-D</td><td>-</td><td>9,833</td><td>7,938</td><td>658</td><td>34</td><td>24</td><td>24</td><td>599</td><td>33</td><td>2</td><td>182</td><td>137</td><td>202</td></tr><tr><td>12/2/57</td><td>3-1/8% Bond 11/15/74</td><td>654</td><td>-</td><td>100 15/</td><td>189</td><td>43</td><td>60</td><td>98</td><td>23</td><td>29</td><td>14</td><td>10</td><td>52</td><td>36</td></tr><tr><td>2/14/58</td><td>2-1/2% Cert. 2/13/59-A 3% Bond 2/15/64 3-1/2% Bond 2/15/90</td><td>-</td><td>9,770 p 3,854 p 1,727 p</td><td>5,752 48 82</td><td>1,404 2,780 520</td><td>171 81 87</td><td>70 52 176</td><td>18 42 68</td><td>1,095 161 113</td><td>39 44 47</td><td>2 1 10</td><td>588 81 77</td><td>173 306 161</td><td>458 256 86</td></tr><tr><td>2/28/58</td><td>3% Bond 6/15/66</td><td>1,484p</td><td>-</td><td>100 15/</td><td>676</td><td>113</td><td>53</td><td>85</td><td>145</td><td>7</td><td>2</td><td>16</td><td>154</td><td>113</td></tr><tr><td>4/15/58</td><td>2-5/8% Note 2/15/63-A</td><td>3,971p</td><td>-</td><td>102 15/</td><td>2,511</td><td>221</td><td>110</td><td>141</td><td>258</td><td>29</td><td>2</td><td>16</td><td>346</td><td>235</td></tr></table>
Source: Based on subscription and allotment reports.
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-1975-80.
2/ Includes trust companies and stock savings banks.
3/ Includes partnerships and personal trust accounts.
4/ Exculsive of 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 banks and international accounts in this country. Also includes corporations and private pension and retire-
ment funds prior to July 15, 1953, financing. Included in "All other" 
Also designated tax anticipation certificates. 
Additional offering of bonds issued February 15, 1953. 
Additional offering of certificates issued August 15, 1954. 
Additional offering of bonds issued February 15, 1955. 
Additional offering of notes issued May 17, 1955. 
Additional offering of notes issued December 1, 1955. 
Additional offering of certificates and notes issued February 15, 1957. 
Issued in special allotment to Government investment accounts. 
Additional offering of certificates issued August 1, 1957. 
Less than $500,000. p Preliminary.
May 1958
35
DEBT OPERATIONS
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
<table><tr><th>Date of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="3">Disposition offers by Treasury</th><th>Results of exchange offers</th><th>Description of new security offered (See also Table 4)</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>2/15/53</td><td>1-7/8% Certificate - 2/15/53-a</td><td>3/1/52</td><td>8,868</td><td>-</td><td>8,868</td><td>8,734 3/</td><td>134</td><td>2-1/4% Certificate - 2/15/54-A 2-1/2% Bond - 12/15/58 4/</td></tr><tr><td>6/1/53</td><td>1-7/8% Certificate - 6/1/53-B 2% Bond - 6/15/53-55</td><td>7/1/52 10/7/40</td><td>4,963 725</td><td>-</td><td>4,963 725</td><td>4,410 448</td><td>553 277</td><td>2-5/8% Certificate - 6/1/54-B</td></tr><tr><td>8/15/53</td><td>2% Certificate - 8/15/53-C</td><td>8/15/52</td><td>5,688</td><td>-</td><td>5,688</td><td>4,858</td><td>829</td><td></td></tr><tr><td>9/15/53</td><td>2% Bond - 9/15/51-53</td><td>9/15/43</td><td>2,882</td><td>-</td><td>2,882</td><td>2,788</td><td>93</td><td>2-5/8% Certificate - 8/15/54-D 2-5/8% Certificate - 9/15/54-E 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>7,986</td><td>500 5/</td><td>7,986</td><td>7,721 3/</td><td>266</td><td>1-1/8% Note - 12/15/54-B 2-1/2% Bond - 12/15/58 2/</td></tr><tr><td></td><td>2-1/4% Certificate - 2/15/54-a</td><td>2/15/53</td><td>10,542</td><td>500 5/</td><td>10,042</td><td>9,923 3/</td><td>118</td><td>1-5/8% Certificate - 2/15/55-A 2-1/2% Bond - 11/15/61</td></tr><tr><td>2/15/54</td><td>1-3/8% Note - 3/15/54-A</td><td>12/15/49</td><td>8,114</td><td>-</td><td>8,114</td><td>5,647 2,360 1,337</td><td>108 78</td><td>1-5/8% Certificate - 2/15/55-A 2-1/2% Bond - 11/15/61</td></tr><tr><td></td><td>2% Bond - 6/15/52-54 2-1/4% Bond - 6/15/52-55 2-1/4% Bond - 6/15/54-56</td><td>6/26/44 2/25/42 7/22/40</td><td>5,825 1,501 681</td><td>-</td><td>5,825 1,501 681</td><td>4,083 1,128 369</td><td>1,743 6/ 373 6/ 311 6/</td><td>2-1/2% Bond - 11/15/61</td></tr><tr><td>3/22/54</td><td>2-1/2% Certificate - 3/22/54-C</td><td>7/15/53</td><td>5,902</td><td>5,902 1/</td><td>-</td><td>18,184</td><td>2,612 6/</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% Bond - 6/15/52-54 2-1/4% Bond - 6/15/54-56</td><td>6/15/52 7/22/40</td><td>1,743 311</td><td>-</td><td>1,743 311</td><td>1,505 322 273</td><td>238 51 38</td><td>1-1/8% Certificate - 5/17/55-B 1-1/8% Certificate - 5/17/55-B 1-1/8% Note - 2/15/59-A</td></tr><tr><td></td><td>2-5/8% Certificate - 6/1/53-B</td><td>6/1/53</td><td>4,858</td><td>-</td><td>4,858</td><td>1,786 2,897</td><td>175 502</td><td>3,886 of 1-1/8% Certificate 2,897 of 1-1/8% Note</td></tr><tr><td>8/15/54</td><td>2-5/8% Certificate - 8/15/54-D</td><td>8/15/53</td><td>2,788</td><td>-</td><td>2,788</td><td>1,905 1,728</td><td>55</td><td>1-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60 2-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60</td></tr><tr><td></td><td>2-5/8% Certificate - 9/15/54-E</td><td>9/15/53</td><td>4,724</td><td>-</td><td>4,724</td><td>2,553 2,078</td><td>93</td><td>3,558 of 1-1/8% Certificate 3,806 of 2-1/8% Bond</td></tr><tr><td></td><td>Total</td><td></td><td>7,512</td><td>-</td><td>7,512</td><td>7,364</td><td>148</td><td>1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63</td></tr><tr><td>12/15/54</td><td>1-7/8% Note - 12/15/54-B</td><td>12/1/53</td><td>8,175</td><td>-</td><td>8,175</td><td>4,498 3,289 346</td><td>43</td><td>1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63</td></tr><tr><td></td><td>2% Bond - 12/15/52-54</td><td>12/1/44</td><td>8,662</td><td>-</td><td>8,662</td><td>407 1,983 6,028</td><td>243</td><td>1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63</td></tr><tr><td></td><td>2% Bond - 12/15/51-55</td><td>12/15/41</td><td>510</td><td>-</td><td>510</td><td>14 88 380</td><td>29</td><td>1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63</td></tr><tr><td></td><td>Total</td><td></td><td>17,347</td><td>-</td><td>17,347</td><td>17,033</td><td>315</td><td>4,919 of 1-1/8% Certificate 5,359 of 1-1/4% Certificate 6,775 of 2-1/2% Bond</td></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>106</td><td>1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C</td></tr><tr><td></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 2,626</td><td>326</td><td>1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C</td></tr><tr><td></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 - 3/15/56-A 3% Bond - 2/15/99</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 3,192 of 2% Note 1,924 of 3% Bond</td></tr><tr><td>3/22/55</td><td>1% 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 - 8/1/55-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/ 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>1,158 814</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></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>1,925 1,469</td><td>460</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</td></tr><tr><td></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 13/</td></tr></table>
(Continued on following page)
36
Treasury Bulletin
DEBT OPERATIONS
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness 1½/- (Continued)
<table><tr><th>Date of refunding or retirement</th><th colspan="2">Called or maturing security 1/</th><th>Amount outstanding</th><th colspan="3">Disposition offers by Treasury</th><th>Results of exchange offers</th><th>Description of new security offered (See also Table 4)</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th></th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash E/</th><th></th></tr><tr><td>3/5/56</td><td>1-1/2% Note - 3/15/56-A<br>1-1/2% Note - 4/1/56-BA<br>Total</td><td>2/15/55<br>4/1/51</td><td>8,472<br>1,007<br>9,479</td><td>-<br>-<br>-</td><td>8,472<br>1,007<br>9,479</td><td>6,215<br>2,109<br>9,328</td><td>148<br>2<br>151</td><td>2-5/8% Certificate - 2/15/57-A<br>2-7/8% Note - 6/15/58-A<br>7,219 of 2-5/8% Certificate<br>2,109 of 2-7/8% Note 13/</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 15/</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 16/</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 16/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>7/16/56</td><td>2% Note - 8/15/56-B<br>1-1/2% Note - 10/1/56-BD<br>Total</td><td>5/17/55<br>10/1/51</td><td>12,547<br>550<br>13,097</td><td>159 17/</td><td>12,388<br>550<br>12,938</td><td>11,528<br>528<br>12,056</td><td>860<br>22<br>882</td><td>2-3/4% Note - 8/1/57-D</td></tr><tr><td>9/15/56</td><td>2-3/4% Bond -9/15/56-99</td><td>9/15/36</td><td>982</td><td>982</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>12/1/56</td><td>2-5/8% Certificate - 12/1/56-D</td><td>12/1/55</td><td>9,083</td><td>-</td><td>9,083</td><td>1,312<br>7,271</td><td>500</td><td>3-1/4% Certificate - 6/24/57-C 18/<br>3-1/4% Certificate - 10/1/57-D</td></tr><tr><td>2/15/57</td><td>2-5/8% Certificate - 2/15/57-A<br>2-7/8% Note - 3/15/57-A<br>1-1/2% Note - 4/1/57-BA<br>Total</td><td>3/5/56<br>9/15/53<br>4/1/52</td><td>7,219<br>2,997<br>531<br>10,747</td><td>-<br>-<br>-<br>-</td><td>7,219<br>2,997<br>531<br>10,747</td><td>6,394<br>1,498<br>920<br>9,878</td><td>282<br>578<br>9<br>870</td><td>3-3/8% Certificate - 2/14/58-A<br>3-1/2% Note - 5/15/60-A<br>3-3/8% Certificate - 2/14/58-A<br>8 1/4 of 3-3/8% Certificate<br>1,464 of 3-1/2% Note</td></tr><tr><td>3/22/57</td><td>2-3/4% Certificate - 3/22/57-B</td><td>8/15/56</td><td>3,221</td><td>3,221 19/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>5/15/57</td><td>1-5/8% Note - 5/15/57-B</td><td>10/4/54</td><td>4,155</td><td>-</td><td>4,155</td><td>2,351<br>647</td><td>1,157</td><td>3-1/2% Certificate - 4/15/58-B<br>3-5/8% Note - 2/15/62-A</td></tr><tr><td>6/24/57</td><td>3-1/4% Certificate - 6/24/57-C<br>2-3/4% Note - 8/1/57-D</td><td>12/1/56<br>7/16/56</td><td>1,312<br>12,056</td><td>1,312 20/</td><td>-<br>12,056</td><td>-<br>6,893<br>1,783<br>1,039</td><td>-<br>342</td><td>3-5/8% Certificate - 12/1/57-E<br>3-5/8% Certificate - 8/1/58-C<br>3-5/8% Certificate - 8/1/61-A</td></tr><tr><td>6/1/57</td><td>2% Note - 8/15/57-C</td><td>2/15/55</td><td>3,792</td><td>-</td><td>3,792</td><td>978<br>1,327<br>1,118</td><td>369</td><td>3-5/8% Certificate - 12/1/57-E<br>3-5/8% Certificate - 8/1/58-C<br>3-5/8% Certificate - 8/1/61-A</td></tr><tr><td>6/1/57</td><td>3-1/4% Certificate - 10/1/57-D<br>1-1/2% Note -10/1/57-BD<br>Total</td><td>12/1/56<br>10/1/52</td><td>7,271<br>824<br>23,943</td><td>-<br>-<br>-</td><td>7,271<br>824<br>23,943</td><td>6,634<br>319<br>743<br>32<br>22,866</td><td>318<br>49<br>1,077</td><td>4% Certificate - 8/1/58-C<br>4% Note - 8/1/61-A<br>4% Certificate - 8/1/58-C<br>9,871 of 3-5/8% Certificate<br>10,487 of 4% Certificate<br>2,509 of 4% Note<br>3-3/4% Certificate - 12/1/58-D</td></tr><tr><td>12/2/57</td><td>3-5/8% Certificate - 12/1/57-E<br>3-3/8% Certificate - 2/14/58-A<br>2-1/2% Bond - 3/15/56-58<br>1-1/2% Note - 4/1/58-BA<br>Total</td><td>8/1/57<br>2/15/57<br>6/2/41<br>4/1/53</td><td>9,971<br>10,851<br>1,449<br>383<br>16,785</td><td>-<br>-<br>-<br>-<br>-</td><td>9,971<br>10,851<br>1,449<br>383<br>16,785</td><td>9,833<br>7,496 p<br>1,980 p<br>1,120 p<br>347 p<br>592 p<br>350 p<br>189 p<br>115 p<br>25 p<br>677 p<br>372 p<br>96 p<br>1,063 p<br>796 p<br>136 p<br>15,351 p</td><td>138<br>257 p<br>160 p<br>54 p<br>606 p<br>356 p<br>1,433 p</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64<br>3-1/2% Bond - 2/15/90<br>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64<br>3-1/2% Bond - 2/15/90<br>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64<br>3-1/2% Bond - 2/15/90<br>9,770 p of 2-1/2% Certificate<br>3,054 p of 3% Bond<br>1,727 p of 3-1/2% Bond</td></tr><tr><td>2/14/58</td><td>Treasury bills - 4/15/58 (Special issue; see Table 2)<br>3-1/2% Certificate - 4/15/58-B<br>Total</td><td>8/21/57<br>5/1/57</td><td>1,751<br>2,351<br>16,785</td><td>-<br>-<br>-</td><td>1,751<br>2,351<br>16,785</td><td>372 p<br>96 p<br>1,063 p<br>796 p<br>136 p<br>15,351 p</td><td>606 p<br>356 p<br>1,433 p</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64<br>3-1/2% Bond - 2/15/90<br>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64<br>3-1/2% Bond - 2/15/90</td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in daily Treasury statement.
Footnotes on following page.
37
May 1958
DEBT OPERATIONS
Footnotes to Table 6
Original cell and maturity dates are used.
3/ All by investors other than Federal Reserve Banks.
3/ For breakdown of total exchanges between the two securities, see Table 4.
1/ The 2-1/8 bonds maturing December 15, 1958, were reopened for the December 1, 1953, refunding (see Table 4).
2/ On November 9, 1953, the Treasury purchased from the Federal Reserve System and retired $500 million of the 2-1/8 Treasury notes maturing December 1, 1953. For further detail see "Treasury Subsidies for November".
6/ It had been announced that 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.
1/ Tax anticipation series; $2,659 million redeemed for taxes due March 15, 1954, and $3,660 million redeemed for cash.
8/ The 1-1/8 certificates maturing August 15, 1955, were reopened for the December 15, 1954, refunding (see Table 4).
2/ Tax anticipation series; $2,215 million redeemed for taxes due March 15, 1955, and $1,518 million redeemed for cash.
9/ The 28 notes maturing August 15, 1956, were reopened for the August 1, 1955, refunding (see Table 4).
1/ 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 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 4).
14/ Also Treasury bills in the refunding of February 14, 1958.
15/ Tax anticipation series; $1,674 million redeemed for taxes due March 15, 1956, and $528 million redeemed for cash.
16/ Tax anticipation series; of the 2% certificates $1,013 million were redeemed for taxes and $473 million for cash; and of the 2-1/4% certificates $1,891 million were redeemed for taxes and $1,079 million for cash.
17/ During June 1956, $15 million of 2% Treasury notes maturing August 15, 1956, were purchased by the Treasury for account of the Sinking Fund and retired.
18/ Also designated tax anticipation certificates, acceptable at plus accrued interest to maturity in payment of income and profits taxes due June 15, 1957.
19/ Tax anticipation series; $1,932 million redeemed for taxes due March 15, 1957, and $1,299 million redeemed for cash.
20/ Tax anticipation series; $620 million redeemed for taxes due June 15, 1957, and $692 million redeemed for cash.
p Preliminary.
38
Treasury Bulletin
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.
of these changes appear in the May 1952 Bulletin, 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. Sales of Series J and K were discontinued after April 30, 1957. An increase in interest rates on Series E and H was announced on April 20, 1957, retroactive to February 1. Details of the changes appear in the May 1957 Bulletin, page A-1. In the tables which follow, Series A-F and J sales are included at issue price and total redemptions and amounts outstanding at current redemption values. Series G, H, and K are included at face value throughout. Matured bonds which have been redeemed are included in redemptions. Matured F and G bonds outstanding are included in the interest-bearing debt until all bonds of the annual series have matured, when they are transferred to matured debt upon which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through March 31,1958
(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>Redemption 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>4,969</td><td>-</td><td>34</td><td>-</td></tr><tr><td>Series E and F</td><td>92,605</td><td>12,296</td><td>104,901</td><td>62,989 2/</td><td>41,912</td><td>-</td><td>60.05</td></tr><tr><td>Series F,G,J, and K 3/</td><td>31,951 2/</td><td>1,071</td><td>33,022</td><td>22,304</td><td>10,343</td><td>375</td><td>37.63</td></tr><tr><td>Total A-K</td><td>128,505</td><td>14,421</td><td>142,926</td><td>90,262</td><td>52,254</td><td>409</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)
<table><tr><th>Period</th><th>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redeptions £/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 2/ 6/</th><th>Accrued discount 6/</th><th>Interest bearing debt</th><th>Matured debt</th></tr><tr><td>Placed years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935-1950</td><td>58,651</td><td>5,066</td><td>93,677</td><td>36,048</td><td>34,512</td><td>1,536</td><td>57,536</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>4,680</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 2/</td><td>5,494</td><td>1,234</td><td>6,727</td><td>6,215</td><td>5,875</td><td>639</td><td>58,061</td><td>128</td></tr><tr><td>1955 2/</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>5,886</td><td>1,214</td><td>7,060</td><td>7,886</td><td>7,026</td><td>820</td><td>57,497</td><td>360</td></tr><tr><td>1957</td><td>4,881</td><td>1,216</td><td>6,097</td><td>8,958</td><td>8,079</td><td>880</td><td>54,662</td><td>374</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>1935-1950</td><td>91,678</td><td>5,589</td><td>97,267</td><td>39,019</td><td>37,247</td><td>1,772</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>6,119</td><td>5,558</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>6,497</td><td>804</td><td>57,924</td><td>624</td></tr><tr><td>1956</td><td>5,517</td><td>1,217</td><td>6,734</td><td>8,264</td><td>7,427</td><td>838</td><td>56,293</td><td>725</td></tr><tr><td>1957</td><td>4,605</td><td>1,216</td><td>5,821</td><td>9,630</td><td>8,697</td><td>933</td><td>52,474</td><td>734</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>1957 July</td><td>400</td><td>125</td><td>525</td><td>890</td><td>809</td><td>81</td><td>54,274</td><td>358</td></tr><tr><td>August</td><td>392</td><td>91</td><td>483</td><td>750</td><td>675</td><td>75</td><td>54,021</td><td>342</td></tr><tr><td>September</td><td>362</td><td>91</td><td>454</td><td>713</td><td>649</td><td>64</td><td>53,774</td><td>330</td></tr><tr><td>October</td><td>337</td><td>86</td><td>423</td><td>729</td><td>692</td><td>77</td><td>53,481</td><td>318</td></tr><tr><td>November</td><td>334</td><td>95</td><td>429</td><td>694</td><td>614</td><td>80</td><td>53,228</td><td>306</td></tr><tr><td>December</td><td>368</td><td>120</td><td>488</td><td>813</td><td>748</td><td>65</td><td>52,474</td><td>734</td></tr><tr><td>1958 January</td><td>510</td><td>125</td><td>635</td><td>998</td><td>922</td><td>76</td><td>52,344</td><td>502</td></tr><tr><td>February</td><td>407</td><td>91</td><td>498</td><td>590</td><td>486</td><td>104</td><td>52,315</td><td>439</td></tr><tr><td>March</td><td>418</td><td>92</td><td>510</td><td>600</td><td>529</td><td>71</td><td>52,254</td><td>409</td></tr></table>
Source: Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table 4.
May 1958
39
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 2/6/</th><th>Accrued discount 5/</th><th>Amount outstanding</th><th></th></tr><tr><td colspan="9">Series E and H combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>Interest-bearing debt</td><td>Matured debt</td></tr><tr><td>1941-1950</td><td>58,697</td><td>3,669</td><td>62,366</td><td>27,872</td><td>27,182</td><td>690</td><td>34,494</td><td>-</td></tr><tr><td>1951</td><td>3,272</td><td>1,035</td><td>4,307</td><td>4,295</td><td>3,987</td><td>307</td><td>34,506</td><td>-</td></tr><tr><td>1952</td><td>3,296</td><td>1,111</td><td>4,407</td><td>4,008</td><td>3,583</td><td>425</td><td>34,509</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 1/</td><td>4,653</td><td>1,126</td><td>5,779</td><td>1,712</td><td>1,721</td><td>594</td><td>37,482</td><td>-</td></tr><tr><td>1955 1/</td><td>5,225</td><td>1,123</td><td>6,348</td><td>4,544</td><td>3,975</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><td>1957</td><td>4,613</td><td>1,133</td><td>5,746</td><td>5,176</td><td>4,460</td><td>716</td><td>41,498</td><td>-</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1950</td><td>60,330</td><td>4,173</td><td>64,503</td><td>30,009</td><td>29,177</td><td>832</td><td>34,493</td><td>-</td></tr><tr><td>1951</td><td>3,100</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>4,696</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><td>1956</td><td>5,043</td><td>1,124</td><td>6,167</td><td>4,832</td><td>4,164</td><td>668</td><td>41,398</td><td>-</td></tr><tr><td>1957</td><td>4,507</td><td>1,143</td><td>5,649</td><td>5,469</td><td>4,697</td><td>772</td><td>41,578</td><td>-</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1957-July</td><td>400</td><td>115</td><td>515</td><td>529</td><td>469</td><td>60</td><td>41,489</td><td>-</td></tr><tr><td>August</td><td>392</td><td>87</td><td>479</td><td>479</td><td>412</td><td>68</td><td>41,484</td><td>-</td></tr><tr><td>September</td><td>362</td><td>87</td><td>449</td><td>454</td><td>398</td><td>56</td><td>41,480</td><td>-</td></tr><tr><td>October</td><td>337</td><td>81</td><td>418</td><td>438</td><td>369</td><td>69</td><td>41,460</td><td>-</td></tr><tr><td>November</td><td>334</td><td>91</td><td>425</td><td>378</td><td>307</td><td>71</td><td>41,506</td><td>-</td></tr><tr><td>December</td><td>368</td><td>114</td><td>482</td><td>410</td><td>359</td><td>55</td><td>41,578</td><td>-</td></tr><tr><td>1958-January</td><td>510</td><td>116</td><td>626</td><td>518</td><td>463</td><td>55</td><td>41,686</td><td>-</td></tr><tr><td>February</td><td>407</td><td>87</td><td>494</td><td>379</td><td>292</td><td>87</td><td>41,801</td><td>-</td></tr><tr><td>March</td><td>418</td><td>88</td><td>506</td><td>396</td><td>333</td><td>63</td><td>41,911</td><td>-</td></tr><tr><td colspan="9">Series F, G, J, and K combined 3/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1950</td><td>26,005</td><td>327</td><td>26,332</td><td>4,185</td><td>4,141</td><td>44</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>23,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,592</td><td>1,511</td><td>41</td><td>21,837</td><td>-</td></tr><tr><td>1954 1/</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 1/</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><td>1957</td><td>268</td><td>83</td><td>352</td><td>3,774</td><td>3,612</td><td>162</td><td>13,124</td><td>335</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1950</td><td>27,399</td><td>371</td><td>27,770</td><td>4,681</td><td>4,627</td><td>54</td><td>23,089</td><td>-</td></tr><tr><td>1951</td><td>1,770</td><td>93</td><td>1,863</td><td>1,093</td><td>1,071</td><td>22</td><td>22,859</td><td>-</td></tr><tr><td>1952</td><td>586</td><td>100</td><td>686</td><td>929</td><td>908</td><td>21</td><td>22,616</td><td>-</td></tr><tr><td>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>2,448</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><td>1956</td><td>475</td><td>92</td><td>567</td><td>3,422</td><td>3,255</td><td>167</td><td>14,895</td><td>681</td></tr><tr><td>1957</td><td>98</td><td>74</td><td>172</td><td>4,153</td><td>3,994</td><td>160</td><td>10,696</td><td>698</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>1957-July</td><td>*</td><td>10</td><td>10</td><td>360</td><td>339</td><td>21</td><td>12,789</td><td>319</td></tr><tr><td>August</td><td>*</td><td>4</td><td>4</td><td>271</td><td>263</td><td>7</td><td>12,537</td><td>304</td></tr><tr><td>September</td><td>*</td><td>4</td><td>4</td><td>259</td><td>250</td><td>8</td><td>12,295</td><td>292</td></tr><tr><td>October</td><td>*</td><td>5</td><td>5</td><td>390</td><td>282</td><td>8</td><td>12,021</td><td>281</td></tr><tr><td>November</td><td>*</td><td>5</td><td>5</td><td>316</td><td>305</td><td>9</td><td>11,782</td><td>269</td></tr><tr><td>December</td><td>*</td><td>6</td><td>6</td><td>403</td><td>393</td><td>10</td><td>10,896</td><td>698</td></tr><tr><td>1958-January</td><td>-</td><td>9</td><td>9</td><td>480</td><td>458</td><td>22</td><td>10,657</td><td>466</td></tr><tr><td>February</td><td>*</td><td>4</td><td>4</td><td>210</td><td>193</td><td>17</td><td>10,513</td><td>404</td></tr><tr><td>March</td><td>-</td><td>4</td><td>4</td><td>204</td><td>195</td><td>9</td><td>10,343</td><td>375</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
40
Treasury Bulletin
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>Salee</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 2/4/</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 2/6/</th><th>Accrued discount 6/</th><th></th></tr></table>
<table><tr><th colspan="8">Series E</th></tr><tr><th>Place1 years:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1941-1950</td><td>58,697</td><td>3,669</td><td>62,366</td><td>27,872</td><td>27,182</td><td>690</td><td>34,498</td></tr><tr><td>1951</td><td>3,872</td><td>1,035</td><td>4,307</td><td>4,295</td><td>3,987</td><td>307</td><td>34,506</td></tr><tr><td>1952</td><td>3,266</td><td>1,111</td><td>4,377</td><td>4,008</td><td>3,583</td><td>425</td><td>34,875</td></tr><tr><td>1953</td><td>3,700</td><td>1,120</td><td>4,821</td><td>4,032</td><td>3,532</td><td>500</td><td>35,664</td></tr><tr><td>1954</td><td>3,988</td><td>1,226</td><td>5,118</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>1957</td><td>3,919</td><td>1,133</td><td>5,052</td><td>4,981</td><td>4,265</td><td>716</td><td>37,969</td></tr><tr><th>Calendar years:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1941-1950</td><td>60,330</td><td>4,173</td><td>64,503</td><td>30,009</td><td>29,177</td><td>832</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>34,787</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>1956</td><td>4,142</td><td>1,124</td><td>5,266</td><td>4,689</td><td>4,021</td><td>668</td><td>38,087</td></tr><tr><td>1957</td><td>3,875</td><td>1,143</td><td>5,018</td><td>5,220</td><td>4,449</td><td>772</td><td>37,885</td></tr><tr><th>Months:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1957-July</td><td>332</td><td>115</td><td>447</td><td>506</td><td>446</td><td>60</td><td>37,910</td></tr><tr><td>August</td><td>345</td><td>87</td><td>432</td><td>458</td><td>391</td><td>68</td><td>37,884</td></tr><tr><td>September</td><td>321</td><td>87</td><td>408</td><td>429</td><td>373</td><td>56</td><td>37,863</td></tr><tr><td>October</td><td>292</td><td>81</td><td>373</td><td>416</td><td>347</td><td>69</td><td>37,820</td></tr><tr><td>November</td><td>288</td><td>91</td><td>379</td><td>356</td><td>285</td><td>71</td><td>37,843</td></tr><tr><td>December</td><td>315</td><td>114</td><td>429</td><td>388</td><td>333</td><td>55</td><td>37,885</td></tr><tr><td>1958-January</td><td>409</td><td>116</td><td>521</td><td>497</td><td>443</td><td>55</td><td>37,909</td></tr><tr><td>February</td><td>335</td><td>87</td><td>422</td><td>364</td><td>276</td><td>87</td><td>37,967</td></tr><tr><td>March</td><td>336</td><td>88</td><td>424</td><td>377</td><td>315</td><td>63</td><td>38,014</td></tr></table>
<table><tr><th colspan="6">Series II 8/</th></tr><tr><td>Fiscal years:</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>-</td><td>365</td></tr><tr><td>1954</td><td>665</td><td>-</td><td>665</td><td>26</td><td>-</td><td>1,028</td></tr><tr><td>1955</td><td>1,130</td><td>-</td><td>1,130</td><td>55</td><td>-</td><td>2,099</td></tr><tr><td>1956</td><td>1,041</td><td>-</td><td>1,041</td><td>108</td><td>-</td><td>3,031</td></tr><tr><td>1957</td><td>694</td><td>-</td><td>694</td><td>196</td><td>-</td><td>3,529</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>662</td><td>-</td><td>462</td><td>16</td><td>-</td><td>621</td></tr><tr><td>1954</td><td>866</td><td>-</td><td>866</td><td>38</td><td>-</td><td>1,455</td></tr><tr><td>1955</td><td>1,177</td><td>-</td><td>1,177</td><td>79</td><td>-</td><td>2,553</td></tr><tr><td>1956</td><td>901</td><td>-</td><td>901</td><td>143</td><td>-</td><td>3,130</td></tr><tr><td>1957</td><td>631</td><td>-</td><td>631</td><td>248</td><td>-</td><td>3,693</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1957-July</td><td>68</td><td>-</td><td>68</td><td>23</td><td>-</td><td>3,575</td></tr><tr><td>August</td><td>47</td><td>-</td><td>47</td><td>21</td><td>-</td><td>3,600</td></tr><tr><td>September</td><td>41</td><td>-</td><td>41</td><td>25</td><td>-</td><td>3,617</td></tr><tr><td>October</td><td>46</td><td>-</td><td>46</td><td>22</td><td>-</td><td>3,639</td></tr><tr><td>November</td><td>46</td><td>-</td><td>46</td><td>23</td><td>-</td><td>3,662</td></tr><tr><td>December</td><td>53</td><td>-</td><td>53</td><td>22</td><td>-</td><td>3,693</td></tr><tr><td>1958-January</td><td>105</td><td>-</td><td>105</td><td>20</td><td>-</td><td>3,778</td></tr><tr><td>February</td><td>72</td><td>-</td><td>72</td><td>16</td><td>-</td><td>3,834</td></tr><tr><td>March</td><td>82</td><td>-</td><td>82</td><td>18</td><td>-</td><td>3,897</td></tr></table>
Source: Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table 4.
May 1958
41
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th rowspan="2">Period 9/</th><th rowspan="2">Total</th><th colspan="5">Matured bonds</th><th colspan="3">Unmatured bonds</th></tr><tr><th>Total matured £/</th><th>Serie A-D</th><th colspan="3">Serie E</th><th>Total unmatured 2/ 6/</th><th>Sales price 2/</th><th>Accrued discount</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>For cash</th><th>In exchange for Series G and K</th><th>Serie F and G</th><th></th><th></th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>4,396</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 10/</td><td>3,860</td><td>3,622</td><td>238</td></tr><tr><td>1954</td><td>5,515</td><td>2,747</td><td>18</td><td>1,487</td><td>1,486</td><td>1</td><td>1,241 10/</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>1,826</td><td>1,825</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>3,593</td><td>3,439</td><td>144</td></tr><tr><td>1957</td><td>8,958</td><td>4,115</td><td>9</td><td>1,971</td><td>1,971</td><td>*</td><td>2,135</td><td>4,843</td><td>4,666</td><td>177</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>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>4,514</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>5,149</td><td>2,318</td><td>24</td><td>1,328</td><td>1,326</td><td>2</td><td>367 10/</td><td>3,831</td><td>3,613</td><td>217</td></tr><tr><td>1954</td><td>6,985</td><td>3,111</td><td>14</td><td>1,500</td><td>1,499</td><td>1</td><td>1,057</td><td>3,014</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>3,072</td><td>2,904</td><td>167</td></tr><tr><td>1956</td><td>8,264</td><td>4,246</td><td>10</td><td>1,891</td><td>1,891</td><td>*</td><td>2,345</td><td>4,018</td><td>3,862</td><td>156</td></tr><tr><td>1957</td><td>9,630</td><td>4,156</td><td>8</td><td>2,084</td><td>2,084</td><td>*</td><td>2,064</td><td>5,474</td><td>5,280</td><td>194</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>1957-July</td><td>890</td><td>426</td><td>1</td><td>162</td><td>162</td><td>-</td><td>263</td><td>463</td><td>448</td><td>16</td></tr><tr><td>August</td><td>750</td><td>291</td><td>*</td><td>180</td><td>180</td><td>-</td><td>110</td><td>460</td><td>445</td><td>15</td></tr><tr><td>September</td><td>713</td><td>229</td><td>1</td><td>117</td><td>117</td><td>-</td><td>82</td><td>484</td><td>467</td><td>16</td></tr><tr><td>October</td><td>729</td><td>261</td><td>1</td><td>182</td><td>182</td><td>-</td><td>78</td><td>468</td><td>449</td><td>19</td></tr><tr><td>November</td><td>694</td><td>291</td><td>1</td><td>187</td><td>187</td><td>-</td><td>103</td><td>404</td><td>384</td><td>20</td></tr><tr><td>December</td><td>813</td><td>296</td><td>*</td><td>144</td><td>144</td><td>-</td><td>151</td><td>517</td><td>502</td><td>15</td></tr><tr><td>1958-January</td><td>998</td><td>378</td><td>*</td><td>145</td><td>145</td><td>-</td><td>232</td><td>620</td><td>606</td><td>14</td></tr><tr><td>February</td><td>590</td><td>495</td><td>1</td><td>241</td><td>241</td><td>-</td><td>254</td><td>93</td><td>78</td><td>19</td></tr><tr><td>March</td><td>600</td><td>358</td><td>1</td><td>169</td><td>169</td><td>-</td><td>189</td><td>242</td><td>229</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 E bonds for Series C bonds beginning May 1951 and for Series K bonds beginning May 1952.
3/ Sales of Series J and K were discontinued at the close of business on April 30, 1957.
4/ Includes both matured and unmatured bonds; see Table 4.
5/ Includes total value of redemptions not yet classified between matured and unmatured bonds.
6/ 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 increase 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 5). 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 unamortized section of Table 4. Revisions were made in issues and redemptions of Series 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. 8/ Comparable data are not available prior to January 1950. 10/ Includes exchanges of Series 13A1 F and G savings bonds for Treasury 3-1/4% bonds of 1978-83. Less than $500,000.
42
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 5.- Sales and Redemptions by Denominations, Series E and H ½ 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 1/</th><th>$500</th><th>$1,000</th><th>$5,000</th><th>$10,000 1/ 5/</th></tr><tr><td colspan="11">Sales</td></tr><tr><td>Fiscal:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-50</td><td>1,306,929</td><td>21,074</td><td>896,376</td><td>196,420</td><td>148,245</td><td>4,760</td><td>20,015</td><td>20,038</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</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>1957</td><td>90,160</td><td>-</td><td>56,327</td><td>20,256</td><td>9,969</td><td>851</td><td>1,320</td><td>1,396</td><td>29</td><td>12</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>1941-50</td><td>1,338,054</td><td>21,075</td><td>916,194</td><td>202,214</td><td>152,161</td><td>5,167</td><td>20,560</td><td>20,684</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>951</td><td>1,139</td><td>-</td><td>-</td></tr><tr><td>1952</td><td>77,211</td><td>-</td><td>52,803</td><td>13,713</td><td>7,721</td><td>726</td><td>1,042</td><td>1,191</td><td>6</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>1956</td><td>90,786</td><td>-</td><td>56,635</td><td>19,825</td><td>10,177</td><td>908</td><td>1,500</td><td>1,683</td><td>40</td><td>17</td></tr><tr><td>1957 p</td><td>90,852</td><td>-</td><td>56,361</td><td>21,166</td><td>9,846</td><td>887</td><td>1,255</td><td>1,303</td><td>25</td><td>10</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>1957-July</td><td>7,532</td><td>-</td><td>4,673</td><td>1,707</td><td>835</td><td>72</td><td>117</td><td>125</td><td>3</td><td>1</td></tr><tr><td>August</td><td>7,801</td><td>-</td><td>4,530</td><td>2,107</td><td>839</td><td>99</td><td>111</td><td>112</td><td>2</td><td>1</td></tr><tr><td>September p</td><td>7,693</td><td>-</td><td>4,718</td><td>1,864</td><td>817</td><td>103</td><td>96</td><td>94</td><td>2</td><td>1</td></tr><tr><td>October p</td><td>7,266</td><td>-</td><td>4,519</td><td>1,739</td><td>764</td><td>65</td><td>90</td><td>86</td><td>2</td><td>1</td></tr><tr><td>November p</td><td>7,060</td><td>-</td><td>4,409</td><td>1,639</td><td>772</td><td>58</td><td>91</td><td>88</td><td>2</td><td>1</td></tr><tr><td>December p</td><td>7,534</td><td>-</td><td>4,702</td><td>1,733</td><td>819</td><td>70</td><td>103</td><td>104</td><td>2</td><td>1</td></tr><tr><td>1958-January p</td><td>8,652</td><td>-</td><td>5,340</td><td>1,927</td><td>965</td><td>86</td><td>148</td><td>180</td><td>5</td><td>2</td></tr><tr><td>February p</td><td>7,102</td><td>-</td><td>4,327</td><td>1,636</td><td>800</td><td>70</td><td>120</td><td>144</td><td>3</td><td>2</td></tr><tr><td>March p</td><td>7,535</td><td>-</td><td>4,630</td><td>1,738</td><td>838</td><td>70</td><td>118</td><td>136</td><td>3</td><td>2</td></tr><tr><td>Inception to date p</td><td>1,944,998</td><td>21,076</td><td>1,310,168</td><td>322,898</td><td>217,300</td><td>11,271</td><td>30,153</td><td>31,838</td><td>205</td><td>90</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>1941-50</td><td>807,663</td><td>16,112</td><td>605,106</td><td>110,950</td><td>62,111</td><td>1,128</td><td>6,570</td><td>5,685</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>12,562</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</td><td>89,953</td><td>429</td><td>60,018</td><td>16,503</td><td>9,929</td><td>537</td><td>1,255</td><td>1,281</td><td>5</td><td>3</td></tr><tr><td>1957</td><td>93,179</td><td>321</td><td>60,612</td><td>18,165</td><td>10,590</td><td>633</td><td>1,354</td><td>1,485</td><td>9</td><td>6</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>1941-50</td><td>849,594</td><td>16,496</td><td>632,888</td><td>118,105</td><td>67,096</td><td>1,358</td><td>7,245</td><td>6,406</td><td>-</td><td>-</td></tr><tr><td>1951</td><td>77,202</td><td>549</td><td>51,552</td><td>13,000</td><td>9,079</td><td>420</td><td>1,244</td><td>1,359</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>85,582</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>63,850</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>1956</td><td>90,109</td><td>371</td><td>59,520</td><td>17,036</td><td>9,986</td><td>581</td><td>1,267</td><td>1,337</td><td>7</td><td>4</td></tr><tr><td>1957 p</td><td>95,791</td><td>281</td><td>61,192</td><td>19,670</td><td>10,962</td><td>668</td><td>1,414</td><td>1,584</td><td>12</td><td>8</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>1957-July</td><td>9,527</td><td>26</td><td>5,704</td><td>2,390</td><td>1,049</td><td>64</td><td>137</td><td>156</td><td>1</td><td>1</td></tr><tr><td>August</td><td>8,816</td><td>23</td><td>5,693</td><td>1,862</td><td>934</td><td>56</td><td>117</td><td>131</td><td>1</td><td>1</td></tr><tr><td>September p</td><td>8,014</td><td>21</td><td>5,144</td><td>1,620</td><td>921</td><td>57</td><td>119</td><td>129</td><td>1</td><td>1</td></tr><tr><td>October p</td><td>7,502</td><td>19</td><td>4,813</td><td>1,506</td><td>873</td><td>55</td><td>111</td><td>123</td><td>1</td><td>1</td></tr><tr><td>November p</td><td>6,372</td><td>15</td><td>4,120</td><td>1,286</td><td>717</td><td>44</td><td>91</td><td>98</td><td>1</td><td>1</td></tr><tr><td>December p</td><td>7,317</td><td>21</td><td>4,740</td><td>1,470</td><td>812</td><td>49</td><td>104</td><td>120</td><td>1</td><td>1</td></tr><tr><td>1958-January</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>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td></tr><tr><td>February</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>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td></tr><tr><td>March</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>n.e.</td><td>n.e.</td><td>n.e.</td><td>n.e.</td></tr><tr><td>Inception to date p</td><td>1,459,738</td><td>19,055</td><td>1,043,160</td><td>226,817</td><td>134,953</td><td>4,558</td><td>15,893</td><td>15,362</td><td>24</td><td>16</td></tr></table>
Note: These figures are estimates, based on daily Treasury statement and reports from Federal Reserve Banks and Bureau of the Public Debt.
1/ Sales of Series E bonds began on June 1, 1952; the denominations authorized were $500, $1,000, $5,000, and $10,000.
2/ Sale was authorized in June 1948, to Armed Forces only, and discontinued after March 31, 1950.
3/ Sales began in October 1945.
3/ Sales of $10,000 denomination Series E bonds were authorized on May 1, 1958.
3/ 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. 6/ See footnote 7 to Tables 2 and 3. 7/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952. 8/ As of December 31, 1957. 9/ Less than 500 pieces. p. Preliminary. n.a. Not available.
May 1958
43
OWNERSHIP OF FEDERAL SECURITIES
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="6">Interest-bearing securities issued by the U. S. Government</th><th colspan="4">Interest-bearing securities guaranteed by the U. S. Government</th><th rowspan="2">Matured debt and debt bearing no interest</th></tr><tr><th>Total Federal securities outstanding $</th><th>Total outstanding</th><th colspan="3">Held by U. S. Government investment accounts 2/</th><th colspan="3">Held by private investors 3/</th><th>Total outstanding</th><th>Held by U. S. Government investment accounts and Federal Reserve Banks 2/ 5/</th><th>Held by private investors 3/</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>Public issues</th><th>Special issues</th><th>Held by Federal Reserve Banks - public issues</th><th>Total</th><th>Public market-able issues</th><th>Public non-market-able issues</th><th></th><th></th><th>Public market-able issues</th><th>Public non-market-able issues 5/</th></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>16,331</td><td>199,048</td><td>131,629</td><td>67,419</td><td>17</td><td>-</td><td>16</td><td>1</td><td>2,150</td></tr><tr><td>1951......</td><td>255,251</td><td>252,852</td><td>40,958</td><td>6,305</td><td>34,653</td><td>22,982</td><td>188,911</td><td>111,661</td><td>77,249</td><td>27</td><td>*</td><td>27</td><td>*</td><td>2,372</td></tr><tr><td>1952......</td><td>259,151</td><td>256,863</td><td>44,335</td><td>6,596</td><td>37,739</td><td>22,906</td><td>189,623</td><td>115,185</td><td>74,437</td><td>44</td><td>*</td><td>43</td><td>1</td><td>2,244</td></tr><tr><td>1953......</td><td>266,123</td><td>263,946</td><td>47,560</td><td>7,021</td><td>40,538</td><td>24,746</td><td>191,640</td><td>119,129</td><td>72,511</td><td>51</td><td>*</td><td>51</td><td>-</td><td>2,126</td></tr><tr><td>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>269,983</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><tr><td>1957......</td><td>270,634</td><td>268,486</td><td>55,501</td><td>8,674</td><td>46,827</td><td>23,035</td><td>189,949</td><td>127,175</td><td>62,770</td><td>106</td><td>50</td><td>56</td><td>-</td><td>2,042</td></tr><tr><td>1956-Dec...</td><td>276,731</td><td>274,219</td><td>54,001</td><td>8,363</td><td>45,639</td><td>24,915</td><td>195,304</td><td>130,454</td><td>64,850</td><td>102</td><td>36</td><td>66</td><td>-</td><td>2,409</td></tr><tr><td>1957-July...</td><td>272,575</td><td>270,995</td><td>55,115</td><td>8,792</td><td>46,323</td><td>23,355</td><td>192,125</td><td>129,812</td><td>62,313</td><td>106</td><td>50</td><td>55</td><td>-</td><td>1,875</td></tr><tr><td>Aug......</td><td>273,954</td><td>272,018</td><td>55,728</td><td>9,019</td><td>46,709</td><td>23,539</td><td>192,750</td><td>130,798</td><td>61,953</td><td>108</td><td>51</td><td>57</td><td>-</td><td>1,828</td></tr><tr><td>Sept......</td><td>274,527</td><td>272,608</td><td>55,390</td><td>9,169</td><td>46,221</td><td>23,312</td><td>193,985</td><td>132,445</td><td>61,536</td><td>114</td><td>54</td><td>59</td><td>-</td><td>1,725</td></tr><tr><td>Oct......</td><td>274,170</td><td>272,406</td><td>55,385</td><td>9,317</td><td>46,068</td><td>23,338</td><td>193,683</td><td>132,689</td><td>60,994</td><td>102</td><td>54</td><td>48</td><td>-</td><td>1,662</td></tr><tr><td>Nov......</td><td>274,850</td><td>273,132</td><td>55,270</td><td>9,284</td><td>45,986</td><td>23,733</td><td>194,129</td><td>133,461</td><td>60,668</td><td>103</td><td>54</td><td>48</td><td>-</td><td>1,616</td></tr><tr><td>Dec......</td><td>275,002</td><td>272,574</td><td>55,178</td><td>9,379</td><td>45,799</td><td>24,238</td><td>193,457</td><td>133,616</td><td>59,841</td><td>104</td><td>56</td><td>48</td><td>-</td><td>2,025</td></tr><tr><td>1958-Jan...</td><td>274,656</td><td>272,777</td><td>55,027</td><td>9,557</td><td>45,470</td><td>23,331</td><td>194,420</td><td>134,762</td><td>59,658</td><td>100</td><td>54</td><td>46</td><td>-</td><td>1,770</td></tr><tr><td>Feb......</td><td>274,762</td><td>272,959</td><td>55,314</td><td>9,355</td><td>45,959</td><td>23,240</td><td>194,405</td><td>134,881</td><td>59,524</td><td>102</td><td>54</td><td>48</td><td>-</td><td>1,761</td></tr><tr><td>Mar......</td><td>272,728</td><td>270,948</td><td>55,304</td><td>9,494</td><td>45,810</td><td>23,628</td><td>192,015</td><td>132,740</td><td>59,276</td><td>103</td><td>55</td><td>48</td><td>-</td><td>1,677</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.
2/ 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.
3/ The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the amount held by U.S. Government investment accounts and Federal Reserve Banks.
4/ Excludes guaranteed securities held by the Treasury.
5/ All public marketable issues.
6/ Consists of Commodity Credit Corporation demand obligations stated as of the close of the previous month.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
<table><tr><th>Year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-.1</td><td>-.3</td><td>-4.4</td><td>-.3</td><td>-.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>-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></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>-4.7</td><td>-3.3</td><td>.4</td><td>-69.8</td><td>-157.8</td><td>-4.2</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>177.4</td><td>106.8</td><td>-61.3</td><td>-338.6</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>221.0</td><td>696.3</td></tr><tr><td>1948</td><td>-2</td><td>-</td><td>-</td><td>-12.1</td><td>-30.4</td><td>1.1</td><td>5.4</td><td>4.4</td><td>7.2</td><td>.1</td><td>-1.8</td><td>-2</td></tr><tr><td>1949</td><td>8.8</td><td>-1.8</td><td>5.1</td><td>1.5</td><td>-54.7</td><td>-88.4</td><td>-1</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>39.9</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>41.0</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>49.2</td><td>9.4</td><td>8.4</td><td>56.2</td><td>83.9</td><td>23.3</td></tr><tr><td>1957</td><td>14.3</td><td>72.6</td><td>13.4</td><td>35.4</td><td>33.4</td><td>15.8</td><td>132.4</td><td>26.4</td><td>10.3</td><td>26.6</td><td>-67.3</td><td>33.3</td></tr><tr><td>1958</td><td>-123.4</td><td>-155.9</td><td>10.6</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
1/ Consists of purchases or sales made by the Treasury of securities issued or guaranteed by the U. S. Government for (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department.
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. 754a), and excludes the Exchange Stabilization Fund. Less than $50,000.
44
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Far valuee 1/ in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstanding $/</th><th colspan="3">Held by banks</th><th>U. S. Government investment accounts $/</th><th colspan="4">Held by private nonbank investors</th><th colspan="2">State and local governments $/</th><th>Miscellaneous investors $/</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks $/</th><th>Federal Reserve Banks</th><th>Total</th><th colspan="2">Individuals $/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations $/</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Savings bonds</th><th>Other</th><th></th><th></th><th></th><th>$/</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>2.1</td><td>.4</td><td>.7</td></tr><tr><td>December</td><td>50.9</td><td>19.5</td><td>19.3</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>63.3</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>71.3</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>112.9</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>17.1</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>95.5</td><td>77.7</td><td>18.8</td><td>21.7</td><td>114.0</td><td>53.3</td><td>35.2</td><td>17.1</td><td>19.6</td><td>8.3</td><td>21.4</td><td>4.3</td><td>7.0</td></tr><tr><td>1945-June</td><td>259.1</td><td>106.0</td><td>84.2</td><td>21.8</td><td>24.9</td><td>128.2</td><td>59.1</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 2/</td><td>273.8</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>255.5</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>44.3</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>265.1</td><td>83.6</td><td>58.8</td><td>24.7</td><td>47.6</td><td>135.0</td><td>66.1</td><td>49.3</td><td>16.9</td><td>16.0</td><td>9.5</td><td>18.6</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>64.9</td><td>49.4</td><td>15.5</td><td>15.8</td><td>9.2</td><td>21.5</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>64.8</td><td>49.5</td><td>15.3</td><td>15.3</td><td>9.1</td><td>16.6</td><td>13.9</td><td>13.7</td></tr><tr><td>December</td><td>270.8</td><td>94.1</td><td>69.2</td><td>24.9</td><td>49.6</td><td>135.1</td><td>63.6</td><td>50.0</td><td>13.7</td><td>15.0</td><td>8.8</td><td>19.2</td><td>14.4</td><td>13.9</td></tr><tr><td>1955-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>65.0</td><td>50.2</td><td>14.9</td><td>15.0</td><td>8.8</td><td>19.3</td><td>14.6</td><td>14.2</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>65.4</td><td>50.2</td><td>15.2</td><td>14.8</td><td>8.7</td><td>18.7</td><td>14.7</td><td>14.4</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>66.2</td><td>50.2</td><td>16.0</td><td>15.0</td><td>8.7</td><td>20.5</td><td>14.9</td><td>15.1</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>65.6</td><td>50.2</td><td>15.4</td><td>14.3</td><td>8.5</td><td>23.3</td><td>15.1</td><td>15.6</td></tr><tr><td>1956-March</td><td>275.4</td><td>81.9</td><td>58.3</td><td>23.6</td><td>51.9</td><td>142.6</td><td>67.4</td><td>50.4</td><td>17.0</td><td>13.6</td><td>8.5</td><td>20.8</td><td>15.7</td><td>16.6</td></tr><tr><td>June</td><td>272.8</td><td>80.8</td><td>57.1</td><td>23.8</td><td>53.5</td><td>138.5</td><td>67.4</td><td>50.3</td><td>17.1</td><td>13.3</td><td>8.4</td><td>17.4</td><td>15.7</td><td>15.3</td></tr><tr><td>September</td><td>278.3</td><td>81.3</td><td>57.6</td><td>23.7</td><td>54.2</td><td>138.9</td><td>67.6</td><td>50.2</td><td>17.3</td><td>13.1</td><td>8.3</td><td>17.5</td><td>16.0</td><td>16.4</td></tr><tr><td>December</td><td>275.7</td><td>84.2</td><td>59.3</td><td>24.9</td><td>54.0</td><td>138.5</td><td>66.9</td><td>50.1</td><td>16.6</td><td>12.8</td><td>8.0</td><td>18.6</td><td>16.1</td><td>16.1</td></tr><tr><td>1957-January</td><td>275.3</td><td>81.8</td><td>58.3</td><td>23.4</td><td>53.9</td><td>140.7</td><td>67.0</td><td>49.9</td><td>17.1</td><td>12.9</td><td>8.1</td><td>20.2</td><td>16.2</td><td>16.4</td></tr><tr><td>February</td><td>275.4</td><td>80.6</td><td>57.7</td><td>22.9</td><td>54.1</td><td>141.7</td><td>67.3</td><td>49.7</td><td>17.6</td><td>12.8</td><td>8.1</td><td>20.9</td><td>16.3</td><td>16.4</td></tr><tr><td>March</td><td>275.1</td><td>81.3</td><td>58.1</td><td>23.1</td><td>54.2</td><td>139.7</td><td>68.1</td><td>49.6</td><td>18.5</td><td>12.6</td><td>8.1</td><td>18.0</td><td>16.6</td><td>16.4</td></tr><tr><td>April</td><td>274.1</td><td>81.2</td><td>58.0</td><td>23.2</td><td>53.7</td><td>139.2</td><td>67.9</td><td>49.4</td><td>18.5</td><td>12.5</td><td>8.0</td><td>17.9</td><td>16.8</td><td>16.4</td></tr><tr><td>May</td><td>279.3</td><td>80.9</td><td>57.7</td><td>23.1</td><td>54.9</td><td>139.6</td><td>67.6</td><td>49.3</td><td>18.3</td><td>12.4</td><td>8.0</td><td>18.5</td><td>16.8</td><td>16.4</td></tr><tr><td>June</td><td>270.6</td><td>78.9</td><td>55.8</td><td>23.0</td><td>55.6</td><td>136.2</td><td>67.5</td><td>49.1</td><td>18.4</td><td>12.3</td><td>7.9</td><td>15.7</td><td>16.9</td><td>16.0</td></tr><tr><td>July</td><td>272.6</td><td>80.2</td><td>56.8</td><td>23.4</td><td>55.2</td><td>137.3</td><td>67.6</td><td>48.9</td><td>18.7</td><td>12.3</td><td>7.9</td><td>16.3</td><td>16.9</td><td>16.2</td></tr><tr><td>August</td><td>274.0</td><td>80.1</td><td>56.6</td><td>23.5</td><td>55.8</td><td>138.0</td><td>68.1</td><td>48.8</td><td>19.3</td><td>12.2</td><td>7.9</td><td>16.8</td><td>17.1</td><td>15.9</td></tr><tr><td>September</td><td>274.5</td><td>81.6</td><td>58.3</td><td>23.3</td><td>55.4</td><td>137.4</td><td>68.2</td><td>48.6</td><td>19.6</td><td>12.2</td><td>7.9</td><td>16.1</td><td>17.2</td><td>15.9</td></tr><tr><td>October</td><td>274.2</td><td>81.4</td><td>58.1</td><td>23.3</td><td>55.4</td><td>137.3</td><td>67.5</td><td>48.4</td><td>19.1</td><td>12.2</td><td>7.8</td><td>16.3</td><td>17.2</td><td>16.3</td></tr><tr><td>November</td><td>274.9</td><td>81.8</td><td>58.1</td><td>23.7</td><td>55.3</td><td>137.7</td><td>67.3</td><td>48.3</td><td>19.0</td><td>12.1</td><td>7.6</td><td>16.9</td><td>17.3</td><td>16.5</td></tr><tr><td>December</td><td>275.0</td><td>83.2</td><td>58.9</td><td>24.2</td><td>55.2</td><td>136.6</td><td>66.6</td><td>48.2</td><td>18.3</td><td>12.0</td><td>7.6</td><td>16.9</td><td>17.0</td><td>16.5</td></tr><tr><td>1958-January</td><td>274.7</td><td>81.8</td><td>58.5</td><td>23.3</td><td>55.1</td><td>137.8</td><td>66.9</td><td>48.2</td><td>18.6</td><td>12.0</td><td>7.6</td><td>17.7</td><td>17.3</td><td>16.2</td></tr><tr><td>February</td><td>274.8</td><td>82.4</td><td>59.2</td><td>23.2</td><td>55.4</td><td>137.0</td><td>66.5</td><td>48.2</td><td>18.3</td><td>11.9</td><td>7.6</td><td>17.8</td><td>17.3</td><td>15.9</td></tr></table>
Source: Office of the Secretary, Debt Analysis Staff. 
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. 
4/ Includes the excluded securities held by trust departments of Eoldings 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
institutions and corporate pension trust funds are included under "Miscellaneous investors."
6/ Exclusive of banks and insurance companies.
7/ Consists of trusts, sinking, and investment funds of States 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.
May 1958
45
TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1958
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 types of banks and insurance companies is published each month. Holdings by commercial 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 1954 Bulletin for quarters beginning December 31, 1949
Section I.- Securities Issued or Guaranteed by the United States Government
Table I.- Summary of All Securities
(Par values - in millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding 1/</th><th colspan="4">Held by investors covered in Treasury Survey</th><th>Held by all other investors 2/</th></tr><tr><th></th><th></th><th>6,540 commercial banks 2/ 3/</th><th>518 mutual savings banks 2/</th><th colspan="2">Insurance companies</th><th>U. S. Government investment accounts and Federal Reserve Banks</th></tr><tr><th></th><th></th><th></th><th></th><th>309 life</th><th>550 fire, casualty, and marine</th><th></th></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public marketable....................</td><td>164,585</td><td>52,037</td><td>6,230</td><td>4,483</td><td>4,048</td><td>29,655</td></tr><tr><td>Public nonmarketable 5/............</td><td>62,517</td><td>963 6/</td><td>1,320</td><td>2,464</td><td>453</td><td>2,992</td></tr><tr><td>Special issues....................</td><td>45,959</td><td>-</td><td>-</td><td>-</td><td>-</td><td>45,959</td></tr><tr><td>Total interest-bearing securities......</td><td>273,061</td><td>53,000</td><td>7,550</td><td>6,948</td><td>4,501</td><td>78,606</td></tr><tr><td>Matured debt and debt bearing no interest 7/.....</td><td>1,721</td><td></td><td></td><td></td><td></td><td>122,455</td></tr><tr><td>Total securities issued or guaranteed by the U. S. Government 8/....................</td><td>274,782</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Section I.
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>6.5% commercial banks 2/3/</th><th>518 mutual savings banks 2/</th><th>Insurance companies</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th>Type of security:</th><th></th><th></th><th></th><th>309 life</th><th>550 fire, casualty, and marine</th><th></th><th>1/</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>26,127</td><td>3,999</td><td>134</td><td>258</td><td>100</td><td>725</td><td>20,910</td></tr><tr><td>Certificates of indebtedness</td><td>31,475</td><td>2,740</td><td>131</td><td>31</td><td>93</td><td>20,543</td><td>7,937</td></tr><tr><td>Treasury notes</td><td>20,463</td><td>9,513</td><td>421</td><td>61</td><td>625</td><td>1,481</td><td>8,383</td></tr><tr><td>Treasury bonds</td><td>86,348</td><td>35,766</td><td>5,929</td><td>4,119</td><td>3,227</td><td>6,892</td><td>30,895</td></tr><tr><td>Panama Canal bonds</td><td>50</td><td>10</td><td>-</td><td>-</td><td>1</td><td>-</td><td>39</td></tr><tr><td>Guaranteed by U.S. Government 2/</td><td>102</td><td>10</td><td>15</td><td>14</td><td>1</td><td>54</td><td>8</td></tr><tr><td>Total</td><td>164,585</td><td>52,037</td><td>6,230</td><td>4,483</td><td>4,048</td><td>29,655</td><td>68,131</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>79,724</td><td>16,828</td><td>454</td><td>319</td><td>821</td><td>22,186</td><td>39,116</td></tr><tr><td>1 to 5 years</td><td>40,416</td><td>23,040</td><td>1,313</td><td>498</td><td>1,625</td><td>2,785</td><td>11,150</td></tr><tr><td>5 to 10 years</td><td>36,963</td><td>11,500</td><td>3,779</td><td>3,193</td><td>1,355</td><td>4,012</td><td>13,124</td></tr><tr><td>10 to 15 years</td><td>557</td><td>175</td><td>18</td><td>19</td><td>20</td><td>106</td><td>289</td></tr><tr><td>15 to 20 years</td><td>656</td><td>117</td><td>107</td><td>16</td><td>16</td><td>108</td><td>289</td></tr><tr><td>20 years and over</td><td>6,069</td><td>368</td><td>508</td><td>424</td><td>209</td><td>404</td><td>4,156</td></tr><tr><td>Various (Federal Housing Administration debentures)</td><td>108</td><td>10</td><td>15</td><td>14</td><td>1</td><td>54</td><td>8</td></tr><tr><td>Total</td><td>164,585</td><td>52,037</td><td>6,230</td><td>4,483</td><td>4,048</td><td>29,655</td><td>68,131</td></tr><tr><td>Tax status: 2/</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>10</td><td>-</td><td>-</td><td>1</td><td>-</td><td>39</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>2,404</td><td>2,018</td><td>-</td><td>-</td><td>73</td><td>3</td><td>310</td></tr><tr><td>Subject to Federal income taxes 10/</td><td>162,131</td><td>50,010</td><td>6,229</td><td>4,483</td><td>3,974</td><td>29,652</td><td>67,782</td></tr><tr><td>Total</td><td>164,585</td><td>52,037</td><td>6,230</td><td>4,483</td><td>4,048</td><td>29,655</td><td>68,131</td></tr></table>
Footnotes at end of Section I.
46
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1958
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Far values - in millions of dollars)
<table><tr><th>Issue (Tax status 2/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>6,540 commercial banks 2/ 3/</th><th>518 mutual savings banks 2/</th><th>309 life</th><th>550 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>2/</th></tr><tr><td>Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Regular weekly (taxable)</td><td>22,518</td><td>3,701</td><td>118</td><td>237</td><td>89</td><td>698</td><td>17,682</td></tr><tr><td>Tax anticipation (taxable)</td><td>3,002</td><td>221</td><td>12</td><td>20</td><td>10</td><td>33</td><td>2,705</td></tr><tr><td>Other (taxable)</td><td>607</td><td>77</td><td>4</td><td>2</td><td>2</td><td>*</td><td>522</td></tr><tr><td>Total Treasury bills</td><td>26,127</td><td>3,999</td><td>134</td><td>258</td><td>100</td><td>725</td><td>20,910</td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/2 April 1958-B (taxable)</td><td>357</td><td>61</td><td>1</td><td>*</td><td>2</td><td>2</td><td>290</td></tr><tr><td>4 August 1958-C (taxable)</td><td>11,519</td><td>1,265</td><td>69</td><td>12</td><td>33</td><td>6,808</td><td>3,333</td></tr><tr><td>3-3/4 December 1958-D (taxable)</td><td>9,833</td><td>514</td><td>39</td><td>4</td><td>18</td><td>7,980</td><td>1,278</td></tr><tr><td>2-1/2 February 1959-A (taxable)</td><td>9,767</td><td>900</td><td>21</td><td>15</td><td>40</td><td>5,754</td><td>3,036</td></tr><tr><td>Total certificates of indebtedness</td><td>31,475</td><td>2,740</td><td>131</td><td>31</td><td>93</td><td>20,543</td><td>7,937</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-7/8 June 1958-A (taxable)</td><td>4,392</td><td>1,080</td><td>65</td><td>15</td><td>90</td><td>433</td><td>2,710</td></tr><tr><td>1-7/8 February 1959-A (taxable)</td><td>5,102</td><td>2,661</td><td>15</td><td>1</td><td>197</td><td>46</td><td>2,183</td></tr><tr><td>3-1/2 May 1960-A (taxable)</td><td>2,406</td><td>1,073</td><td>64</td><td>6</td><td>78</td><td>279</td><td>906</td></tr><tr><td>4 August 1961-A (taxable)</td><td>2,609</td><td>1,044</td><td>81</td><td>2</td><td>58</td><td>228</td><td>1,195</td></tr><tr><td>3-5/8 February 1962-A (taxable)</td><td>647</td><td>164</td><td>8</td><td>-</td><td>21</td><td>320</td><td>135</td></tr><tr><td>4 August 1962-B (taxable)</td><td>2,000</td><td>1,324</td><td>98</td><td>3</td><td>31</td><td>86</td><td>458</td></tr><tr><td>3-3/4 November 1962-C (taxable)</td><td>1,143</td><td>717</td><td>54</td><td>1</td><td>42</td><td>90</td><td>238</td></tr><tr><td>1-1/2 April 1958-BA (taxable)</td><td>50</td><td>18</td><td>*</td><td>-</td><td>4</td><td>-</td><td>27</td></tr><tr><td>1-1/2 October 1958-BO (taxable)</td><td>121</td><td>70</td><td>1</td><td>-</td><td>5</td><td>-</td><td>45</td></tr><tr><td>1-1/2 April 1959-BA (taxable)</td><td>119</td><td>71</td><td>*</td><td>-</td><td>4</td><td>-</td><td>44</td></tr><tr><td>1-1/2 October 1959-BO (taxable)</td><td>99</td><td>57</td><td>*</td><td>-</td><td>8</td><td>-</td><td>34</td></tr><tr><td>1-1/2 April 1960-BA (taxable)</td><td>298</td><td>118</td><td>*</td><td>-</td><td>11</td><td>-</td><td>40</td></tr><tr><td>1-1/2 October 1960-BO (taxable)</td><td>278</td><td>168</td><td>-</td><td>-</td><td>18</td><td>-</td><td>91</td></tr><tr><td>1-1/2 April 1961-BA (taxable)</td><td>188</td><td>38</td><td>1</td><td>*</td><td>6</td><td>-</td><td>18</td></tr><tr><td>1-1/2 October 1961-BO (taxable)</td><td>332</td><td>249</td><td>1</td><td>4</td><td>15</td><td>-</td><td>63</td></tr><tr><td>1-1/2 April 1962-BA (taxable)</td><td>551</td><td>341</td><td>32</td><td>22</td><td>27</td><td>-</td><td>129</td></tr><tr><td>1-1/2 October 1962-BO (taxable)</td><td>292</td><td>230</td><td>1</td><td>8</td><td>9</td><td>-</td><td>45</td></tr><tr><td>Total Treasury notes</td><td>20,483</td><td>9,513</td><td>421</td><td>61</td><td>625</td><td>1,481</td><td>8,383</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/2 March 1956-58 (taxable)</td><td>180</td><td>47</td><td>2</td><td>1</td><td>7</td><td>*</td><td>124</td></tr><tr><td>2-1/2 September 1956-59 (taxable)</td><td>3,818</td><td>2,450</td><td>26</td><td>4</td><td>96</td><td>43</td><td>1,200</td></tr><tr><td>2-3/8 March 1957-59 (taxable)</td><td>927</td><td>377</td><td>11</td><td>1</td><td>10</td><td>349</td><td>179</td></tr><tr><td>2-3/8 June 1958 (taxable)</td><td>4,245</td><td>1,582</td><td>37</td><td>7</td><td>130</td><td>25</td><td>2,463</td></tr><tr><td>2-3/4 June 1958-63 (partially)</td><td>919</td><td>658</td><td>*</td><td>*</td><td>28</td><td>2</td><td>230</td></tr><tr><td>2-1/2 December 1958 (taxable)</td><td>2,368</td><td>1,145</td><td>32</td><td>2</td><td>61</td><td>21</td><td>1,105</td></tr><tr><td>2-1/4 June 1959-62 (taxable)</td><td>5,269</td><td>2,578</td><td>215</td><td>81</td><td>286</td><td>558</td><td>1,551</td></tr><tr><td>2-1/4 December 1959-62 (taxable)</td><td>3,457</td><td>1,377</td><td>91</td><td>83</td><td>189</td><td>738</td><td>978</td></tr><tr><td>2-1/8 November 1960 (taxable)</td><td>3,806</td><td>2,716</td><td>16</td><td>1</td><td>86</td><td>18</td><td>970</td></tr><tr><td>2-3/4 December 1960-65 (partially)</td><td>1,485</td><td>1,360</td><td>*</td><td>*</td><td>45</td><td>*</td><td>80</td></tr><tr><td>2-3/4 September 1961 (taxable)</td><td>2,239</td><td>1,246</td><td>124</td><td>31</td><td>131</td><td>43</td><td>664</td></tr><tr><td>2-1/2 November 1961 (taxable)</td><td>11,177</td><td>7,312</td><td>295</td><td>36</td><td>432</td><td>154</td><td>2,948</td></tr><tr><td>2-1/2 June 1962-67 (taxable)</td><td>2,113</td><td>758</td><td>237</td><td>220</td><td>125</td><td>271</td><td>502</td></tr><tr><td>2-1/2 August 1963 (taxable)</td><td>6,775</td><td>4,631</td><td>185</td><td>23</td><td>265</td><td>42</td><td>1,548</td></tr><tr><td>2-1/2 December 1963-68 (taxable)</td><td>2,893</td><td>2,699</td><td>108</td><td>297</td><td>209</td><td>426</td><td>771</td></tr><tr><td>3 February 1964 (taxable)</td><td>3,841</td><td>2,531</td><td>108</td><td>7</td><td>114</td><td>64</td><td>1,087</td></tr><tr><td>2-1/2 June 1964-69 (taxable)</td><td>3,747</td><td>764</td><td>906</td><td>380</td><td>193</td><td>441</td><td>1,062</td></tr><tr><td>2-1/2 December 1964-69 (taxable)</td><td>3,822</td><td>746</td><td>658</td><td>538</td><td>142</td><td>522</td><td>1,215</td></tr><tr><td>2-1/2 March 1965-70 (taxable)</td><td>4,705</td><td>445</td><td>651</td><td>880</td><td>146</td><td>1,231</td><td>1,353</td></tr><tr><td>2-1/2 March 1966-71 (taxable)</td><td>2,992</td><td>195</td><td>311</td><td>784</td><td>93</td><td>699</td><td>863</td></tr><tr><td>2-1/2 June 1967-72 (taxable)</td><td>1,856</td><td>91</td><td>173</td><td>87</td><td>42</td><td>145</td><td>1,313</td></tr><tr><td>2-1/2 September 1967-72 (taxable)</td><td>2,716</td><td>1,275</td><td>167</td><td>12</td><td>114</td><td>215</td><td>931</td></tr><tr><td>2-1/2 December 1967-72 (taxable)</td><td>3,752</td><td>136</td><td>120</td><td>185</td><td>110</td><td>226</td><td>2,974</td></tr><tr><td>4 October 1969 (taxable)</td><td>557</td><td>175</td><td>48</td><td>19</td><td>20</td><td>106</td><td>289</td></tr><tr><td>3-7/8 November 1974 (taxable)</td><td>654</td><td>117</td><td>107</td><td>16</td><td>16</td><td>108</td><td>289</td></tr><tr><td>3-1/4 June 1978-83 (taxable)</td><td>1,504</td><td>43</td><td>78</td><td>81</td><td>40</td><td>144</td><td>1,218</td></tr><tr><td>3-1/2 February 1990 (taxable)</td><td>1,722</td><td>243</td><td>151</td><td>138</td><td>81</td><td>92</td><td>1,018</td></tr><tr><td>3 February 1995 (taxable)</td><td>2,742</td><td>82</td><td>279</td><td>205</td><td>88</td><td>169</td><td>1,980</td></tr><tr><td>Total Treasury bonds</td><td>86,348</td><td>35,766</td><td>5,529</td><td>4,119</td><td>3,227</td><td>6,852</td><td>30,855</td></tr></table>
Footnotes at end of Section I.
(Continued on following page)
May 1958
47
TREASURY SURVEY OF OWNERSHIP
FEBRUARY 28, 1958
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par value - in millions of dollars)
<table><tr><th>Issue (Tax status 9/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 6/</th></tr><tr><th></th><th></th><th>6.5% commercial bonds 2/ 3/</th><th>518 mutual savings banks 2/</th><th>Insurance companies 309 life</th><th>550 fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><td>Panama Canal bonds....................(wholly)</td><td>50</td><td>10</td><td>-</td><td>-</td><td>1</td><td>-</td><td>39</td></tr><tr><td>Guaranteed securities: 8/ Federal Housing Administration debentures....................(taxable 11/)</td><td>102</td><td>10</td><td>15</td><td>14</td><td>1</td><td>54</td><td>8</td></tr><tr><td>Total public marketable securities....................</td><td>164,585</td><td>52,037</td><td>6,230</td><td>4,483</td><td>4,048</td><td>29,655</td><td>68,331</td></tr></table>
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par value - in millions of dollars)
<table><tr><th>Issue (Tax status 9/ is shown in parentheses)</th><th>Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors b/</th></tr><tr><th></th><th></th><th>6,540 commercial banks 2/ 3/</th><th>518 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>309 life</th><th>550 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series E 5/.....(taxable)</td><td>37,967</td><td>-</td><td>*</td><td>*</td><td>*</td><td>2</td><td>37,966</td></tr><tr><td>Series F 5/.....(taxable)</td><td>1,224</td><td>177</td><td>2</td><td>12</td><td>43</td><td>*</td><td>990</td></tr><tr><td>Series G.....(taxable)</td><td>6,573</td><td>359</td><td>209</td><td>98</td><td>161</td><td>9</td><td>5,736</td></tr><tr><td>Series H.....(taxable)</td><td>3,634</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>3,834</td></tr><tr><td>Series J 5/.....(taxable)</td><td>737</td><td>*</td><td>*</td><td>2</td><td>8</td><td>1</td><td>725</td></tr><tr><td>Series K.....(taxable)</td><td>1,980</td><td>2</td><td>32</td><td>7</td><td>29</td><td>5</td><td>1,905</td></tr><tr><td>Total United States savings bonds</td><td>52,315</td><td>538</td><td>243</td><td>119</td><td>241</td><td>17</td><td>51,156</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>Depository bonds.....(taxable)</td><td>144</td><td>144 6/</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>725</td><td>149</td><td>74</td><td>223</td><td>25</td><td>100</td><td>153</td></tr><tr><td>Investment Series B.....(taxable)</td><td>9,334</td><td>131</td><td>1,003</td><td>2,123</td><td>187</td><td>2,875</td><td>3,016</td></tr><tr><td>Total other U. S. securities</td><td>10,202</td><td>424 6/</td><td>1,077</td><td>2,346</td><td>212</td><td>2,975</td><td>3,160</td></tr><tr><td>Total public nonmarketable securities</td><td>62,517</td><td>963 6/</td><td>1,320</td><td>2,464</td><td>453</td><td>2,992</td><td>54,324</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, but 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 in 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/ Includes $26 million depository bonds held by commercial banks not included in the Treasury Survey.
Holdings by reporting investors not availed.
Excludes guaranteed securities held by the Treasury.
Federal securities fall into three broad classes with respect to the imposition of certain income taxes on income derived from them: "Wholly" tax-exempt securities are those with the income exempt from both normal tax and surtax. "Partially" tax-exempt securities are those with the income exempt from the normal tax except that in the case of certain large Treasury bonds issued after 1958 derived from such partial amount owned by any one holder is also exempt from the surtax. "Taxable" securities are those with the income subject to normal tax and surtax.
Remaining footnotes on following page
48
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1958
Section II - Interest-Bearing Securities Issued by Federal Agencies but Not Guaranteed by the United States Government
(Par value - in millions of dollars)
<table><tr><th colspan="2">Issue</th><th>Total amount outstanding 12/</th><th colspan="5">Held by investors covered in Treasury Survey</th><th>Held by all other investors 1/</th></tr><tr><th colspan="2">(Tax status 2/ is shown in parentheses)</th><th></th><th>6,540 commercial banks 2/ 3/</th><th>518 mutual savings banks 2/</th><th>Insurance companies 309 life</th><th>250 fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><td colspan="2">Banks for cooperatives:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>4-1/8%</td><td>March 1958 (Debentures)...(taxable)</td><td>46</td><td>12</td><td>5</td><td>*</td><td>1</td><td>2</td><td>27</td></tr><tr><td>4-1/2</td><td>March 1958 (Debentures)...(taxable)</td><td>62</td><td>11</td><td>3</td><td>*</td><td>1</td><td>1</td><td>47</td></tr><tr><td>4-85</td><td>May 1958 (Debentures)...(taxable)</td><td>63</td><td>16</td><td>6</td><td>*</td><td>*</td><td>*</td><td>41</td></tr><tr><td>5</td><td>September 1958 (Debentures)...(taxable)</td><td>50</td><td>15</td><td>3</td><td>*</td><td>1</td><td>*</td><td>30</td></tr><tr><td colspan="2">Total banks for cooperatives securities</td><td>222</td><td>54</td><td>16</td><td>1</td><td>3</td><td>2</td><td>145</td></tr><tr><td colspan="2">Federal home loan banks: 13/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>4-1/8%</td><td>March 1958 (Notes).....(taxable)</td><td>183</td><td>37</td><td>8</td><td>1</td><td>1</td><td>6</td><td>130</td></tr><tr><td>4-3/4</td><td>April 1958 (Notes).....(taxable)</td><td>199</td><td>40</td><td>11</td><td>1</td><td>1</td><td>3</td><td>142</td></tr><tr><td>4-60</td><td>June 1958 (Notes).....(taxable)</td><td>191</td><td>39</td><td>10</td><td>*</td><td>2</td><td>-</td><td>139</td></tr><tr><td>3-30</td><td>July 1958 (Notes).....(taxable)</td><td>86</td><td>26</td><td>3</td><td>1</td><td>*</td><td>-</td><td>56</td></tr><tr><td colspan="2">Total Federal home loan bank securities</td><td>659</td><td>142</td><td>32</td><td>3</td><td>5</td><td>10</td><td>467</td></tr><tr><td colspan="2">Federal intermediate credit banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Debentures..................(taxable)</td><td>922</td><td>252</td><td>60</td><td>10</td><td>15</td><td>1</td><td>528</td></tr><tr><td colspan="2">Federal land banks: 1b/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-3/4%</td><td>May 1958 (Bonds).....(taxable)</td><td>131</td><td>41</td><td>8</td><td>1</td><td>4</td><td>-</td><td>77</td></tr><tr><td>3-7/8</td><td>May 1958 (Bonds).....(taxable)</td><td>78</td><td>25</td><td>4</td><td>*</td><td>*</td><td>-</td><td>49</td></tr><tr><td>4-3/8</td><td>July 1958 (Bonds).....(taxable)</td><td>123</td><td>27</td><td>8</td><td>2</td><td>2</td><td>-</td><td>84</td></tr><tr><td>2-1/4</td><td>November 1958 (Bonds).....(taxable)</td><td>184</td><td>99</td><td>2</td><td>1</td><td>7</td><td>-</td><td>75</td></tr><tr><td>4-5/8</td><td>February 1959 (Bonds).....(taxable)</td><td>140</td><td>48</td><td>9</td><td>1</td><td>1</td><td>1</td><td>80</td></tr><tr><td>2-1/4</td><td>May 1959 (Bonds).....(taxable)</td><td>71</td><td>42</td><td>5</td><td>*</td><td>2</td><td>-</td><td>23</td></tr><tr><td>2-1/4</td><td>February 1960 (Bonds).....(taxable)</td><td>124</td><td>70</td><td>3</td><td>*</td><td>2</td><td>-</td><td>49</td></tr><tr><td>2-1/2</td><td>June 1960 (Bonds).....(taxable)</td><td>106</td><td>54</td><td>6</td><td>*</td><td>1</td><td>-</td><td>42</td></tr><tr><td>3-3/8</td><td>April 1961 (Bonds).....(taxable)</td><td>83</td><td>40</td><td>4</td><td>1</td><td>1</td><td>-</td><td>37</td></tr><tr><td>4</td><td>May 1962 (Bonds).....(taxable)</td><td>125</td><td>20</td><td>8</td><td>2</td><td>*</td><td>-</td><td>94</td></tr><tr><td>4-1/8</td><td>February 1967-72 (Bonds).....(taxable)</td><td>72</td><td>3</td><td>5</td><td>6</td><td>1</td><td>-</td><td>57</td></tr><tr><td>4-1/2</td><td>October 1967-70 (Bonds).....(taxable)</td><td>75</td><td>6</td><td>10</td><td>1</td><td>4</td><td>-</td><td>54</td></tr><tr><td>4-5/8</td><td>July 1969 (Bonds).....(taxable)</td><td>60</td><td>3</td><td>7</td><td>1</td><td>2</td><td>-</td><td>47</td></tr><tr><td>3-1/2</td><td>April 1970 (Bonds).....(taxable)</td><td>83</td><td>22</td><td>4</td><td>1</td><td>1</td><td>2</td><td>53</td></tr><tr><td>3-1/2</td><td>May 1971 (Bonds).....(taxable)</td><td>60</td><td>1</td><td>7</td><td>3</td><td>2</td><td>-</td><td>48</td></tr><tr><td>3-7/8</td><td>September 1972 (Bonds).....(taxable)</td><td>109</td><td>1</td><td>6</td><td>5</td><td>2</td><td>-</td><td>95</td></tr><tr><td colspan="2">Total Federal land bank securities</td><td>1,625</td><td>501</td><td>98</td><td>24</td><td>35</td><td>3</td><td>954</td></tr><tr><td colspan="2">Federal National Mortgage Association:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>4-105</td><td>March 1958 (Debentures)....(taxable)</td><td>200</td><td>34</td><td>15</td><td>1</td><td>8</td><td>3</td><td>140</td></tr><tr><td>4-05</td><td>April 1958 (Debentures)....(taxable)</td><td>200</td><td>32</td><td>14</td><td>1</td><td>2</td><td>6</td><td>145</td></tr><tr><td>4-1/4</td><td>May 1958 (Debentures)....(taxable)</td><td>100</td><td>20</td><td>8</td><td>1</td><td>*</td><td>-</td><td>71</td></tr><tr><td>4-7/8</td><td>June 1958 (Notes).....(taxable)</td><td>802</td><td>385</td><td>14</td><td>1</td><td>11</td><td>19</td><td>371</td></tr><tr><td>4-3/8</td><td>July 1958 (Debentures)....(taxable)</td><td>165</td><td>32</td><td>11</td><td>4</td><td>2</td><td>4</td><td>113</td></tr><tr><td>4-7/8</td><td>August 1958 (Debentures)....(taxable)</td><td>200</td><td>47</td><td>15</td><td>2</td><td>2</td><td>-</td><td>134</td></tr><tr><td>4-20</td><td>October 1958 (Debentures)....(taxable)</td><td>100</td><td>22</td><td>8</td><td>*</td><td>1</td><td>-</td><td>69</td></tr><tr><td>3</td><td>February 1959 (Debentures)....(taxable)</td><td>150</td><td>44</td><td>9</td><td>1</td><td>4</td><td>1</td><td>91</td></tr><tr><td>3-5/8</td><td>August 1960 (Notes).....(taxable)</td><td>797</td><td>416</td><td>53</td><td>2</td><td>11</td><td>15</td><td>300</td></tr><tr><td>3-1/2</td><td>February 1962 (Debentures)....(taxable)</td><td>200</td><td>62</td><td>21</td><td>1</td><td>5</td><td>1</td><td>110</td></tr><tr><td>4-3/8</td><td>June 1965 (Debentures)....(taxable)</td><td>100</td><td>26</td><td>18</td><td>1</td><td>3</td><td>1</td><td>51</td></tr><tr><td colspan="2">Total Federal National Mortgage Association securities</td><td>3,014</td><td>1,122</td><td>187</td><td>13</td><td>48</td><td>50</td><td>1,594</td></tr></table>
Footnotes 1 through 9 on preceding page.
10/ Includes Federal Housing Administration debentures; see footnote 11/.
11/ A small indeterminate amount of these debentures is partially tax-exempt.
12/ Includes only publicly offered issues.
13/ The proprietary interest of the United States in these banks ended in July 1951.
1b/ The proprietary interest of the United States in these banks ended in June 1947.
* Less than $500,000.
May 1958
49
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, 1958
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>Amount outstanding (millions)</th><th>Issue date</th><th>Maturity date</th><th colspan="2">Bank discount</th><th>Amount outstanding (millions)</th><th>Issue date</th><th>Maturity date</th><th colspan="2">Bank discount</th></tr><tr><th></th><th></th><th></th><th>Bid</th><th>Change from last month</th><th></th><th></th><th></th><th>Bid</th><th>Change from last month</th></tr><tr><td colspan="5">Regular bills</td><td colspan="5">Regular bills - (Continued)</td></tr><tr><td>$1,700</td><td>1/2/58</td><td>4/3/58</td><td>1.00%</td><td>-.16%</td><td>$1,802</td><td>2/27/58</td><td>5/29/58</td><td>1.10%</td><td>-.17%</td></tr><tr><td>1,700</td><td>1/9/58</td><td>4/10/58</td><td>.95</td><td>-.23</td><td>1,800</td><td>3/6/58</td><td>6/5/58</td><td>1.10</td><td>-</td></tr><tr><td>1,701</td><td>1/26/58</td><td>4/27/58</td><td>.95</td><td>-.27</td><td>1,700</td><td>3/13/58</td><td>6/12/58</td><td>1.10</td><td>-</td></tr><tr><td>1,702</td><td>1/23/58</td><td>4/24/58</td><td>.99</td><td>-.27</td><td>1,700</td><td>3/20/58</td><td>6/16/58</td><td>1.10</td><td>-</td></tr><tr><td>1,701</td><td>1/30/58</td><td>5/1/58</td><td>1.04</td><td>-.19</td><td>1,701</td><td>3/27/58</td><td>6/26/58</td><td>1.10</td><td>-</td></tr><tr><td>1,700</td><td>2/6/58</td><td>5/8/58</td><td>1.09</td><td>-.18</td><td colspan="5">Other bills</td></tr><tr><td>1,709</td><td>2/13/58</td><td>5/15/58</td><td>1.06</td><td>-.19</td><td>$607</td><td>8/21/57</td><td>4/15/58 1/</td><td>1.00</td><td>-.22%</td></tr><tr><td>1,601</td><td>2/20/58</td><td>5/22/58</td><td>1.08</td><td>-.17</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnote at end of Table 5.
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th rowspan="2">Issue date</th><th colspan="2">Price</th><th colspan="2">Yield</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th></tr><tr><td>$357</td><td>3-1/2%</td><td>4/15/98-3 1/4</td><td>5/1/97 2/100.28</td><td>-</td><td>2/1.354</td><td>-</td></tr><tr><td>11,519</td><td>4</td><td>8/1/98-0</td><td>8/1/97</td><td>-0.06</td><td>1.354</td><td>+0.09</td></tr><tr><td>9,833</td><td>3-3/4</td><td>12/1/98-0</td><td>12/1/97</td><td>-0.04</td><td>1.52</td><td>-0.07</td></tr><tr><td>9,770</td><td>2-1/2</td><td>2/14/99-A</td><td>2/14/98</td><td>-0.02</td><td>1.70</td><td>0.00</td></tr></table>
Footnotes at end of Table 5.
Table 3.- Treasury Notes (Taxable)
(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 3/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th>High</th><th>Date</th><th>Low</th><th>Date</th></tr><tr><td>$4,392</td><td>2-7/8% - 6/15/58-A</td><td>100.13</td><td>+ .01</td><td>.87%</td><td>-.44%</td><td>12/1/55</td><td>100.32</td><td>2/1/56</td><td>98.15</td><td>12/17/56</td></tr><tr><td>5,102</td><td>1-7/8 - 2/15/59-A</td><td>100.07</td><td>+ .04</td><td>1.62</td><td>-.15</td><td>5/27/54</td><td>100.21</td><td>7/10/54</td><td>95.23</td><td>12/18/56</td></tr><tr><td>2,406</td><td>3-1/2 - 5/25/60-A</td><td>103.05</td><td>+ .11</td><td>1.98</td><td>-.20</td><td>2/25/57</td><td>103.05</td><td>3/31/58</td><td>95.12</td><td>9/26/57</td></tr><tr><td>2,609</td><td>4 - 8/1/61-A 4/</td><td>105.02</td><td>+ .04</td><td>2.42</td><td>-.06</td><td>8/1/57</td><td>105.02</td><td>3/28/58</td><td>90.31</td><td>9/30/57</td></tr><tr><td>647</td><td>3-5/8 - 2/15/62-A</td><td>104.12</td><td>+ .14</td><td>2.43</td><td>-.14</td><td>5/1/57</td><td>104.12</td><td>3/31/58</td><td>98.22</td><td>11/1/57</td></tr><tr><td>2,000</td><td>4 - 8/15/62-B 2/</td><td>106.00</td><td>+ .01</td><td>2.54</td><td>-.03</td><td>9/26/57</td><td>106.00</td><td>3/25/58</td><td>99.30</td><td>10/17/57</td></tr><tr><td>1,143</td><td>3-3/4 - 11/15/62-C</td><td>105.08</td><td>+ .12</td><td>2.54</td><td>-.10</td><td>11/29/57</td><td>105.10</td><td>3/28/58</td><td>100.20</td><td>11/26/57</td></tr><tr><td>49</td><td>1-1/2 - 4/1/58-EA 1/</td><td>2/</td><td>-</td><td>2/</td><td>-</td><td>4/1/53</td><td>100.02</td><td>1/31/58</td><td>93.16</td><td>6/4/53</td></tr><tr><td>121</td><td>1-1/2 - 10/1/58-BO</td><td>99.30</td><td>+ .02</td><td>1.63</td><td>-.09</td><td>10/1/53</td><td>99.30</td><td>3/31/58</td><td>96.02</td><td>10/5/53</td></tr><tr><td>119</td><td>1-1/2 - 4/1/59-EA</td><td>99.26</td><td>+ .06</td><td>1.69</td><td>-.16</td><td>4/1/54</td><td>99.26</td><td>3/31/58</td><td>95.08</td><td>12/19/56</td></tr><tr><td>99</td><td>1-1/2 - 10/1/59-BO</td><td>99.14</td><td>+ .04</td><td>1.89</td><td>-.05</td><td>10/1/54</td><td>99.14</td><td>3/31/58</td><td>94.08</td><td>12/18/56</td></tr><tr><td>198</td><td>1-1/2 - 4/1/60-EA</td><td>99.02</td><td>+ .02</td><td>1.98</td><td>-.02</td><td>4/1/55</td><td>99.02</td><td>3/31/58</td><td>93.00</td><td>12/1/56</td></tr><tr><td>278</td><td>1-1/2 - 10/1/60-BO</td><td>98.22</td><td>+ .06</td><td>2.04</td><td>-.06</td><td>10/1/55</td><td>98.22</td><td>3/31/58</td><td>92.06</td><td>12/10/56</td></tr><tr><td>144</td><td>1-1/2 - 4/1/61-EA</td><td>97.28</td><td>+ .02</td><td>2.24</td><td>.00</td><td>4/1/56</td><td>97.28</td><td>3/31/58</td><td>91.04</td><td>12/1/56</td></tr><tr><td>332</td><td>1-1/2 - 10/1/61-BO</td><td>97.08</td><td>+ .04</td><td>2.33</td><td>-.01</td><td>10/1/56</td><td>97.08</td><td>3/31/58</td><td>90.06</td><td>9/21/57</td></tr><tr><td>551</td><td>1-1/2 - 4/1/62-EA</td><td>96.18</td><td>+ .04</td><td>2.42</td><td>.00</td><td>4/1/57</td><td>96.18</td><td>3/31/58</td><td>88.18</td><td>8/13/57</td></tr><tr><td>495</td><td>1-1/2 - 10/1/62-BO</td><td>96.00</td><td>+ .12</td><td>2.44</td><td>-.08</td><td>10/1/57</td><td>96.00</td><td>3/31/58</td><td>88.12</td><td>10/2/57</td></tr><tr><td>-</td><td>1-1/2 - 4/1/63-EA 6/</td><td>95.16</td><td>-</td><td>2.46</td><td>-</td><td>4/1/58</td><td>95.16</td><td>3/31/58</td><td>95.16</td><td>3/31/58</td></tr></table>
Footnotes at end of Table 5
50
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, 1958
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 3/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 1/</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td>$3,818</td><td>2-1/4%</td><td>9/15/56-59</td><td>100.10</td><td>+ .03</td><td>1.55%</td><td>-.29%</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</td><td>3/15/57-59</td><td>100.15</td><td>+ .03</td><td>1.33</td><td>-.33</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</td><td>6/15/58</td><td>100.11</td><td>+ .02</td><td>.67</td><td>-.70</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</td><td>12/15/58</td><td>100.21</td><td>-.01</td><td>1.55</td><td>-.06</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>5,268</td><td>2-1/4</td><td>6/15/59-62</td><td>99.12</td><td>+ .08</td><td>2.41</td><td>-.06</td><td>6/1/45</td><td>104.20</td><td>4/6/46</td><td>91.30</td><td>7/24/57</td></tr><tr><td>3,457</td><td>2-1/4</td><td>12/15/59-62</td><td>99.16</td><td>+ .10</td><td>2.36</td><td>-.07</td><td>11/15/45</td><td>104.21</td><td>4/6/46</td><td>91.18</td><td>7/24/57</td></tr><tr><td>3,806</td><td>2-1/8</td><td>11/15/60</td><td>100.02</td><td>+ .10</td><td>2.10</td><td>-.12</td><td>8/15/54</td><td>100.19</td><td>9/17/56</td><td>94.02</td><td>7/22/57</td></tr><tr><td>2,239</td><td>2-3/4</td><td>9/15/61</td><td>101.06</td><td>+ .10</td><td>2.39</td><td>-.10</td><td>11/9/53</td><td>104.22</td><td>4/30/54</td><td>95.00</td><td>10/17/57</td></tr><tr><td>11,177</td><td>2-1/2</td><td>11/15/61</td><td>100.06</td><td>+ .09</td><td>2.45</td><td>-.08</td><td>2/15/54</td><td>103.00</td><td>4/30/54</td><td>93.20</td><td>7/22/57</td></tr><tr><td>2,113</td><td>2-1/2</td><td>6/15/62-67</td><td>98.26</td><td>+1.04</td><td>2.64</td><td>-.15</td><td>5/5/42</td><td>108.12</td><td>4/6/46</td><td>88.10</td><td>6/20/57</td></tr><tr><td>6,755</td><td>2-1/2</td><td>8/15/63</td><td>99.27</td><td>+ .11</td><td>2.53</td><td>-.07</td><td>12/15/54</td><td>100.15</td><td>12/10/54</td><td>91.16</td><td>7/22/57</td></tr><tr><td>2,822</td><td>2-1/2</td><td>12/15/63-68</td><td>97.30</td><td>+1.10</td><td>2.73</td><td>-.14</td><td>12/1/42</td><td>108.03</td><td>4/6/46</td><td>86.28</td><td>6/21/57</td></tr><tr><td>3,854</td><td>3</td><td>2/15/64</td><td>101.26</td><td>+ .20</td><td>2.66</td><td>-.12</td><td>2/14/58</td><td>101.28</td><td>3/28/58</td><td>100.09</td><td>2/4/58</td></tr><tr><td>3,747</td><td>2-1/2</td><td>6/15/64-69</td><td>97.00</td><td>+1.01</td><td>2.81</td><td>-.11</td><td>4/15/43</td><td>107.23</td><td>4/6/46</td><td>86.14</td><td>7/23/57</td></tr><tr><td>3,828</td><td>2-1/2</td><td>12/15/64-69</td><td>96.26</td><td>+ .30</td><td>2.82</td><td>-.10</td><td>9/12/43</td><td>107.24</td><td>4/6/46</td><td>86.10</td><td>6/20/57</td></tr><tr><td>4,704</td><td>2-1/2</td><td>3/15/65-70</td><td>96.16</td><td>+1.00</td><td>2.85</td><td>-.10</td><td>2/1/44</td><td>107.23</td><td>4/6/46</td><td>86.06</td><td>6/21/57</td></tr><tr><td>2,951</td><td>2-1/2</td><td>3/15/66-71</td><td>96.04</td><td>+ .28</td><td>2.86</td><td>-.08</td><td>12/1/44</td><td>107.22</td><td>4/6/46</td><td>86.00</td><td>10/17/57</td></tr><tr><td>1,488</td><td>3</td><td>8/15/66</td><td>101.09</td><td>-</td><td>2.82</td><td>-.08</td><td>2/68/58</td><td>101.11</td><td>3/28/58</td><td>100.16</td><td>3/11/58</td></tr><tr><td>1,851</td><td>2-1/2</td><td>6/15/67-72</td><td>95.16</td><td>+ .30</td><td>2.89</td><td>-.08</td><td>6/1/45</td><td>106.16</td><td>4/6/46</td><td>85.22</td><td>10/17/57</td></tr><tr><td>2,716</td><td>2-1/2</td><td>9/15/67-72</td><td>95.16</td><td>+1.00</td><td>2.88</td><td>-.09</td><td>10/20/41</td><td>109.08</td><td>4/6/46</td><td>85.10</td><td>10/17/57</td></tr><tr><td>3,749</td><td>2-1/2</td><td>12/15/67-72</td><td>95.16</td><td>+ .30</td><td>2.88</td><td>-.08</td><td>11/15/45</td><td>106.16</td><td>4/6/46</td><td>85.18</td><td>10/17/57</td></tr><tr><td>657</td><td>4</td><td>10/1/69 8/</td><td>109.00</td><td>+ .14</td><td>3.07</td><td>-.05</td><td>10/1/57</td><td>109.08</td><td>3/27/58</td><td>99.24</td><td>10/17/57</td></tr><tr><td>654</td><td>3-7/8</td><td>11/15/74 5/</td><td>107.22</td><td>+ .14</td><td>3.27</td><td>-.04</td><td>12/2/57</td><td>107.28</td><td>3/28/58</td><td>101.16</td><td>11/26/57</td></tr><tr><td>1,604</td><td>3-1/4</td><td>6/15/78-83 5/</td><td>100.16</td><td>+ .24</td><td>3.22</td><td>-.04</td><td>5/1/53</td><td>111.28</td><td>8/4/54</td><td>92.12</td><td>10/18/57</td></tr><tr><td>1,727</td><td>3-1/2</td><td>2/15/90 5/</td><td>103.10</td><td>+ .22</td><td>3.33</td><td>-.05</td><td>2/14/58</td><td>103.16</td><td>3/28/58</td><td>100.09</td><td>2/4/58</td></tr><tr><td>2,742</td><td>3</td><td>2/15/95 5/</td><td>96.06</td><td>+1.07</td><td>3.17</td><td>-.06</td><td>2/15/55</td><td>101.12</td><td>6/8/55</td><td>86.28</td><td>6/21/57</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 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 3/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 1/</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>$919</td><td>2-3/4%</td><td>6/15/56-63 3/</td><td>100.13</td><td>-.03</td><td>.72%</td><td>-.25%</td><td>6/15/58</td><td>117.04</td><td>1/25/66</td><td>99.04</td><td>11/4/57</td></tr><tr><td>1,485</td><td>2-3/4%</td><td>12/15/60-65</td><td>101.04</td><td>+.04</td><td>1.56</td><td>-.08</td><td>12/15/58</td><td>119.00</td><td>1/25/66</td><td>97.24</td><td>11/1/57</td></tr></table>
1/ Included in the exchange offering of February 14, 1958; for further detail see Table 6 under "Debt Operations" in this issue of the Bulletin.
2/ Not quoted on March 31, 1958.
3/ 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 the history beginning October 1, 1939. Dates of highs and lows in case of recurrence are the latest dates.
4/ Redeemable on August 1, 1959, at option of holder upon 3 months' notice.
2/ Redeemable on February 15, 1960, at option of holder upon 3 months' notice.
5/ Quoted on the basis of anticipated issuances beginning April 1, 1958.
1/ Market convention treats the yield on callable issues to earliest call date as significant when the issue is selling above par, and to maturity when selling at par or below.
8/ Included in the average yield of long-term taxable Treasury bonds as shown under "Average Yields of Long-Term Bonds."
2/ Called on February 14, 1958, for redemption on June 15, 1958.
May 1958
51
YIELDS OF TAXABLE TREASURY SECURITIES, MAR. 31, 1958
Based on Closing Bid Quotations
Explanation: The points represent yields to call when prices are above par, and to maturity date when prices are at par or below. The smooth curves for the two classes of points are fitted by eye. Issues for which an exchange offer has been made or which are due or callable in less than 3 months are excluded.
Office of the Secretary of the Treasury
F-598-F
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, 1958
52
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM BONDS
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
<table><tr><th>Period</th><th>Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th>Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th>Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th></tr><tr><td colspan="9">Annual series - calendar year averages of monthly series</td></tr><tr><td>1942</td><td>2.46</td><td>2.83</td><td>1946</td><td>2.44</td><td>2.82</td><td>1954</td><td>2.55</td><td>2.90</td></tr><tr><td>1943</td><td>2.47</td><td>2.73</td><td>1949</td><td>2.31</td><td>2.66</td><td>1955</td><td>2.84</td><td>3.06</td></tr><tr><td>1944</td><td>2.46</td><td>2.72</td><td>1950</td><td>2.32</td><td>2.62</td><td>1956</td><td>3.08</td><td>3.36</td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1951</td><td>2.57</td><td>2.86</td><td>1957</td><td>3.47</td><td>3.89</td></tr><tr><td>1946</td><td>2.19</td><td>2.53</td><td>1952</td><td>2.68</td><td>2.96</td><td></td><td></td><td></td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td>1953</td><td>2.94</td><td>3.20</td><td></td><td></td><td></td></tr><tr><td colspan="9">Monthly series - averages of daily series</td></tr><tr><td>1953-April</td><td>2.97 2/</td><td>3.23</td><td>1955-January</td><td>2.68 2/</td><td>2.93</td><td>1956-October</td><td>3.20</td><td>3.59</td></tr><tr><td>May</td><td>3.11</td><td>3.34</td><td>February</td><td>2.78</td><td>2.99</td><td>November</td><td>3.30</td><td>3.69</td></tr><tr><td>June</td><td>3.13</td><td>3.40</td><td>March</td><td>2.78 3/</td><td>3.02</td><td>December</td><td>3.40</td><td>3.75</td></tr><tr><td>July</td><td>3.02</td><td>3.28</td><td>April</td><td>2.82</td><td>3.01</td><td>1957-January</td><td>3.34</td><td>3.77</td></tr><tr><td>August</td><td>3.02</td><td>3.24</td><td>May</td><td>2.81</td><td>3.04</td><td>February</td><td>3.22</td><td>3.67</td></tr><tr><td>September</td><td>2.98</td><td>3.29</td><td>June</td><td>2.82</td><td>3.05</td><td>March</td><td>3.26</td><td>3.66</td></tr><tr><td>October</td><td>2.81</td><td>3.16</td><td>July</td><td>2.91</td><td>3.06</td><td>April</td><td>3.32</td><td>3.67</td></tr><tr><td>November</td><td>2.86</td><td>3.11</td><td>August</td><td>2.95</td><td>3.11</td><td>May</td><td>3.40</td><td>3.74</td></tr><tr><td>December</td><td>2.79 1/</td><td>3.13</td><td>September</td><td>2.92</td><td>3.13</td><td>June</td><td>3.58 1/</td><td>3.91</td></tr><tr><td>1954-January</td><td>2.69</td><td>3.06</td><td>October</td><td>2.87</td><td>3.10</td><td>July</td><td>3.60</td><td>3.99</td></tr><tr><td>February</td><td>2.52</td><td>2.95</td><td>November</td><td>2.89</td><td>3.10</td><td>August</td><td>3.63</td><td>4.10</td></tr><tr><td>March</td><td>2.53</td><td>2.86</td><td>December</td><td>2.91</td><td>3.15</td><td>September</td><td>3.66 2/ 3/</td><td>4.12</td></tr><tr><td>April</td><td>2.48</td><td>2.85</td><td>1956-January</td><td>2.88</td><td>3.11</td><td>October</td><td>3.73</td><td>4.10</td></tr><tr><td>May</td><td>2.54</td><td>2.88</td><td>February</td><td>2.85</td><td>3.08</td><td>November</td><td>3.57 2/</td><td>4.08</td></tr><tr><td>June</td><td>2.55 1/</td><td>2.90</td><td>March</td><td>2.93 3/</td><td>3.10</td><td>December</td><td>3.30 1/</td><td>3.81</td></tr><tr><td>July</td><td>2.47</td><td>2.89</td><td>April</td><td>3.07</td><td>3.24</td><td>1958-January</td><td>3.24 2/</td><td>3.60</td></tr><tr><td>August</td><td>2.48</td><td>2.87</td><td>May</td><td>2.97</td><td>3.28</td><td>February</td><td>3.28</td><td>3.59</td></tr><tr><td>September</td><td>2.52</td><td>2.89</td><td>June</td><td>2.93</td><td>3.27</td><td>March</td><td>3.25</td><td>3.63</td></tr><tr><td>October</td><td>2.54</td><td>2.87</td><td>July</td><td>3.00</td><td>3.28</td><td></td><td></td><td></td></tr><tr><td>November</td><td>2.57</td><td>2.89</td><td>August</td><td>3.17</td><td>3.43</td><td></td><td></td><td></td></tr><tr><td>December</td><td>2.59 1/</td><td>2.90</td><td>September</td><td>3.21</td><td>3.56</td><td></td><td></td><td></td></tr><tr><td colspan="9">Weekly series - averages of daily series for weeks ending</td></tr><tr><td>1957-October</td><td>4.</td><td>3.72</td><td>1957-December</td><td>6.</td><td>3.38</td><td>1958-February</td><td>7.</td><td>3.31</td></tr><tr><td>11.</td><td>3.72</td><td>4.09</td><td>13.</td><td>3.31</td><td>3.84</td><td>14.</td><td>3.27</td><td>3.59</td></tr><tr><td>16.</td><td>3.76</td><td>4.07</td><td>20.</td><td>3.29 1/</td><td>3.77</td><td>21.</td><td>3.29</td><td>3.58</td></tr><tr><td>25.</td><td>3.74</td><td>4.11</td><td>27.</td><td>3.26</td><td>3.72</td><td>28.</td><td>3.26</td><td>3.60</td></tr><tr><td>November</td><td>1.</td><td>3.78</td><td>1958-January</td><td>3.</td><td>3.82</td><td>March</td><td>7.</td><td>3.27</td></tr><tr><td>8.</td><td>3.68</td><td>4.12</td><td>10.</td><td>3.80</td><td>3.68</td><td>14.</td><td>3.27</td><td>3.62</td></tr><tr><td>15.</td><td>3.62</td><td>4.12</td><td>17.</td><td>3.21</td><td>3.61</td><td>21.</td><td>3.24</td><td>3.63</td></tr><tr><td>22.</td><td>3.49 2/</td><td>4.06</td><td>24.</td><td>3.27</td><td>3.57</td><td>28.</td><td>3.21</td><td>3.64</td></tr><tr><td>29.</td><td>3.48</td><td>4.02</td><td>31.</td><td>3.29 2/</td><td>3.56</td><td></td><td></td><td></td></tr><tr><td colspan="9">Daily series - unweighted averages</td></tr><tr><td>1958-March</td><td>3.</td><td>3.27</td><td>1958-March</td><td>13.</td><td>3.26</td><td>1958-March</td><td>24.</td><td>3.23</td></tr><tr><td>4.</td><td>3.29</td><td>3.60</td><td>14.</td><td>3.25</td><td>3.62</td><td>25.</td><td>3.23</td><td>3.64</td></tr><tr><td>5.</td><td>3.28</td><td>3.62</td><td></td><td></td><td></td><td>26.</td><td>3.21</td><td>3.54</td></tr><tr><td>6.</td><td>3.26</td><td>3.62</td><td>17.</td><td>3.24</td><td>3.62</td><td>27.</td><td>3.20</td><td>3.64</td></tr><tr><td>7.</td><td>3.27</td><td>3.63</td><td>18.</td><td>3.24</td><td>3.62</td><td>28.</td><td>3.20</td><td>3.64</td></tr><tr><td>10.</td><td>3.27</td><td>3.62</td><td>19.</td><td>3.23</td><td>3.63</td><td>31.</td><td>3.21</td><td>3.64</td></tr><tr><td>11.</td><td>3.28</td><td>3.62</td><td>20.</td><td>3.23</td><td>3.64</td><td></td><td></td><td></td></tr><tr><td>12.</td><td>3.27</td><td>3.62</td><td>21.</td><td>3.24</td><td>3.64</td><td></td><td></td><td></td></tr></table>
Source: 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. Moody's Investor Service is the source for the average of Aaa corporate bonds. For definition of taxable bonds, see footnotes to the Treasury Survey of Ownership in this issue of the Treasury Bulletin.
1/ Beginning April 1953, the average includes bonds neither due nor callable for 10 years; April 1952 through March 1953, the minimum length (neither due nor callable) was 12 years; October 1941 through March 1952, the minimum length was 15 years. For bonds currently in the average, see Table 4 under "Market Quotations on Treasury Securities" in this issue of the Bulletin.
2/ A new long-term bond added to the average.
3/ An existing bond dropped from the average. (see footnote 1).
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
May 1958
Monthly Series I
Monthly overages of daily figures. 21 See footnote 1 to Table I under "Average Yields of Long-Term Bonds."
Office of the Secretary of the Treasury
F-220-M-3
AVERAGE YIELDS OF LONG-TERM BONDS
53
Treasury Bulletin
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 profits taxes</th><th>Total</th><th colspan="5">Individual income tax and employment taxes</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Individual income tax not withheld 2/</th><th>Individual income tax withheld 3/</th><th>Old-age and disability insurance 3/</th><th>Retired retirement</th><th>Unemployment insurance</th></tr><tr><td>1950</td><td>39,448,607</td><td>+4,914,75</td><td>38,957,132</td><td>10,854,351</td><td>19,797,883</td><td>7,264,332</td><td>9,888,976</td><td>1,873,401</td><td>548,038</td><td>223,135</td></tr><tr><td>1951</td><td>51,106,095</td><td>+660,409</td><td>50,445,686</td><td>14,387,569</td><td>26,628,788</td><td>9,907,539</td><td>13,089,770</td><td>2,810,749</td><td>579,778</td><td>236,992</td></tr><tr><td>1952</td><td>65,634,894</td><td>+625,308</td><td>65,009,586</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>3,816,252</td><td>628,969</td><td>273,182</td></tr><tr><td>1954</td><td>70,299,552</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>4,218,260</td><td>605,221</td><td>283,882</td></tr><tr><td>1955</td><td>65,288,652</td><td>-</td><td>65,288,652</td><td>18,264,720</td><td>37,859,770</td><td>10,336,480</td><td>21,253,625</td><td>5,339,573</td><td>600,106</td><td>279,986</td></tr><tr><td>1956</td><td>75,109,081</td><td>-3,566 5/</td><td>75,112,649 5/</td><td>21,298,522</td><td>42,633,426</td><td>11,321,966</td><td>24,015,676</td><td>6,336,805</td><td>634,323</td><td>324,656</td></tr><tr><td>1957</td><td>80,171,971</td><td>-</td><td>80,171,971</td><td>21,530,653</td><td>46,610,293</td><td>12,302,229</td><td>26,727,943</td><td>6,634,467</td><td>616,020</td><td>330,034</td></tr><tr><td>1957-July</td><td>3,305,723</td><td>-</td><td>3,305,723</td><td>540,623</td><td>1,682,734</td><td>269,019</td><td>1,333,602</td><td>19,359</td><td>754</td><td>882</td></tr><tr><td>Aug.</td><td>6,259,360</td><td>-</td><td>6,259,360</td><td>355,477</td><td>4,806,739</td><td>128,109</td><td>4,596,167</td><td>83,581</td><td>623</td><td>726</td></tr><tr><td>Sept.</td><td>7,051,743</td><td>-</td><td>7,051,743</td><td>2,304,322</td><td>4,529,880</td><td>1,822,538</td><td>2,640,861</td><td>53,858</td><td>739</td><td>687</td></tr><tr><td>Oct.</td><td>3,514,349</td><td>-</td><td>3,514,349</td><td>428,780</td><td>1,900,232</td><td>207,162</td><td>1,661,603</td><td>30,740</td><td>726</td><td></td></tr><tr><td>Nov.</td><td>5,952,811</td><td>-</td><td>5,952,811</td><td>357,420</td><td>4,252,554</td><td>97,476</td><td>4,085,243</td><td>68,796</td><td></td><td></td></tr><tr><td>Dec.</td><td>6,110,977</td><td>-</td><td>6,110,977</td><td>2,276,805</td><td>2,908,601</td><td>352,198</td><td>2,506,538</td><td>49,177</td><td></td><td></td></tr><tr><td>1958-Jan.</td><td>4,909,675</td><td>-</td><td>4,909,675</td><td>485,601</td><td>3,418,955</td><td>2,600,220</td><td>1,286,752</td><td>18,721</td><td>53,272</td><td>269,024</td></tr><tr><td>Feb.</td><td>7,420,558</td><td>-</td><td>7,420,558</td><td>405,872</td><td>6,042,914</td><td>787,987</td><td>4,906,161</td><td>77,722</td><td></td><td></td></tr></table>
<table><tr><th>Place! year or month</th><th>Capital stock tax £/</th><th>Entete and gift taxes</th><th colspan="3">Excise taxes</th><th colspan="3">Other excise</th></tr><tr><th></th><th></th><th></th><th>Total excise</th><th>Alcohol</th><th>Tobacco</th><th>Total</th><th>Documents, etc. 1/</th><th>Manufacturers' and retailers' 1/</th><th>Miscellaneous 1/</th></tr><tr><td>1950</td><td>266</td><td>706,227</td><td>7,598,409</td><td>2,219,202</td><td>1,328,464</td><td>4,050,738</td><td>86,648</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>1,565,162</td><td>4,896,876</td><td>84,995</td><td>2,824,409</td><td>1,947,472</td></tr><tr><td>1953</td><td>-</td><td>891,288</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>935,120</td><td>9,532,282</td><td>2,797,718</td><td>1,580,512</td><td>5,133,990</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>9,210,586 2/</td><td>2,742,040</td><td>1,571,213</td><td>4,781,843</td><td>112,049</td><td>3,177,160</td><td>1,492,633</td></tr><tr><td>1956</td><td>-</td><td>1,171,237</td><td>10,004,195</td><td>2,920,974</td><td>1,613,437</td><td>5,501,333</td><td>114,927</td><td>3,177,309</td><td>1,608,437</td></tr><tr><td>1957</td><td>-</td><td>1,377,999</td><td>10,637,544</td><td>2,973,195</td><td>1,674,050</td><td>5,924,062</td><td>107,346</td><td>4,098,006</td><td>1,718,509</td></tr><tr><td>1957-July</td><td>-</td><td>125,969</td><td>955,411</td><td>243,922</td><td>146,335</td><td>109,814</td><td rowspan="3">28,075</td><td rowspan="3">1,123,777</td><td rowspan="3">467,760</td></tr><tr><td>Aug.</td><td>-</td><td>128,541</td><td>965,264</td><td>241,403</td><td>157,373</td><td>1,349,740</td></tr><tr><td>Sept.</td><td>-</td><td>99,367</td><td>921,758</td><td>260,055</td><td>145,546</td><td>160,058</td></tr><tr><td>Oct.</td><td>-</td><td>98,344</td><td>1,088,041</td><td>322,620</td><td>159,417</td><td>140,776</td><td rowspan="3">25,216</td><td rowspan="3">1,100,401</td><td rowspan="3">441,557</td></tr><tr><td>Nov.</td><td>-</td><td>93,386</td><td>840,419</td><td>285,245</td><td>133,430</td><td>1,268,585</td></tr><tr><td>Dec.</td><td>-</td><td>101,680</td><td>823,366</td><td>221,159</td><td>105,582</td><td>159,813</td></tr><tr><td>1958-Jan.</td><td>-</td><td>112,120</td><td>892,460</td><td>196,513</td><td>153,580</td><td>86,488</td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>-</td><td>105,495</td><td>864,468</td><td>200,674</td><td>130,154</td><td>1,266,127</td><td></td><td></td><td></td></tr></table>
Under this procedure, the payments are included in budget receipts in the month in which the depository receipts are issued to the taxpayer. Revised accounting procedures effective July 1, 1954, extend
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 Government for receipts thereafter (for explanation of reporting bases in these publications, see page 11). Certain data for the fiscal year 1953 have been adjusted to agree 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
1/ 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 tax, the Treasury has been able to allow railroad retirement taxes and many excises, these taxes are paid currently into Treasury depositaries and the depositary receipts, as evidence of such payments, are attached to quarterly returns to the Internal Revenue Service
Monthly figures include social security 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).
3/ and it is included under "Old-age and disability insurance." In Internal Revenue Service reports beginning January 1951, current collections have not been separated as to type of tax but the break-down shown for fiscal years is based on estimates made in accordance with provisions of Sec. 201 of the Social Security Act, as amended (42 U.S.C. 401), for transfer of tax receipts to the trust fund
Beginning with the fiscal year 1955, collections shown include undistributed depository receipts and unapplied collections.
2/ excise taxes these receipts are included in the total only. Total collections include "Taxes not other-wise classified." Budget receipts for 1956 were reduced by $3,566 thousand representing tax collections transferred to the Government of Guam pursuant to the act approved August 1, 1950 (64 Stat. 392), but this amount was included in collections reported by the Internal Revenue Service. Beginning with 1957, such collections are excluded also in Internal Revenue Service reports.
6/ Repealed for years ending after June 30, 1945. Beginning 1951, included under "Miscellaneous excise taxes."
Detail is reported by quarters beginning with the fiscal year 1956.
May 1958
55
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Beginning with the fiscal year 1955, includes undistributed depository receipts and unapplied collections. The whole amount of such receipts for excise taxes is included under "Other excise taxes."
Office of the Secretary of the Treasury
56
Treasury Bulletin
MONETARY STATISTICS
Table 1.- Money in Circulation
(In millions of dollars except per capita figures)
<table><tr><th>End of fiscal year or month</th><th>Total money in circulation $</th><th colspan="7">Paper money</th></tr><tr><th></th><th></th><th>Total paper money</th><th>Gold certificates $</th><th>Silver certificates</th><th>Treasury notes of 1890 $</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes $</th><th>National bank notes $</th></tr><tr><td>1950</td><td>27,156</td><td>25,661</td><td>41</td><td>2,177</td><td>1</td><td>321</td><td>22,760</td><td>274</td><td>86</td></tr><tr><td>1951</td><td>27,809</td><td>26,231</td><td>39</td><td>2,092</td><td>1</td><td>318</td><td>23,456</td><td>243</td><td>81</td></tr><tr><td>1952</td><td>29,026</td><td>27,348</td><td>38</td><td>2,088</td><td>1</td><td>318</td><td>24,605</td><td>221</td><td>77</td></tr><tr><td>1953</td><td>30,125</td><td>28,359</td><td>37</td><td>2,122</td><td>1</td><td>318</td><td>25,609</td><td>200</td><td>73</td></tr><tr><td>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>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><tr><td>1957</td><td>31,082</td><td>29,040</td><td>33</td><td>2,162</td><td>1</td><td>321</td><td>26,329</td><td>133</td><td>62</td></tr><tr><td>1956-December</td><td>31,790</td><td>29,763</td><td>33</td><td>2,173</td><td>1</td><td>316</td><td>27,038</td><td>140</td><td>63</td></tr><tr><td>1957-July</td><td>30,933</td><td>28,883</td><td>32</td><td>2,113</td><td>1</td><td>318</td><td>26,225</td><td>131</td><td>61</td></tr><tr><td>August</td><td>31,133</td><td>29,073</td><td>32</td><td>2,110</td><td>1</td><td>319</td><td>26,420</td><td>130</td><td>61</td></tr><tr><td>September</td><td>31,073</td><td>29,004</td><td>32</td><td>2,108</td><td>1</td><td>317</td><td>26,354</td><td>129</td><td>61</td></tr><tr><td>October</td><td>31,090</td><td>29,007</td><td>32</td><td>2,102</td><td>1</td><td>319</td><td>26,364</td><td>128</td><td>61</td></tr><tr><td>November</td><td>31,661</td><td>29,562</td><td>32</td><td>2,133</td><td>1</td><td>320</td><td>26,887</td><td>127</td><td>61</td></tr><tr><td>December</td><td>31,834 5/</td><td>29,724</td><td>32</td><td>2,156</td><td>1</td><td>316</td><td>27,031</td><td>126</td><td>61</td></tr><tr><td>1958-January</td><td>30,576</td><td>28,516</td><td>32</td><td>2,010</td><td>1</td><td>301</td><td>25,986</td><td>125</td><td>60</td></tr><tr><td>February</td><td>30,554</td><td>28,497</td><td>32</td><td>2,026</td><td>1</td><td>306</td><td>25,948</td><td>124</td><td>60</td></tr><tr><td>March</td><td>30,666</td><td>28,600</td><td>32</td><td>2,064</td><td>1</td><td>309</td><td>26,011</td><td>123</td><td>60</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) g/</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>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>150.17</td></tr><tr><td>1952</td><td>1,678</td><td>191</td><td>1,093</td><td>393</td><td>188.90</td></tr><tr><td>1953</td><td>1,765</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>1,200</td><td>433</td><td>182.91</td></tr><tr><td>1956</td><td>1,948</td><td>237</td><td>1,259</td><td>453</td><td>182.64</td></tr><tr><td>1957</td><td>2,042</td><td>253</td><td>1,315</td><td>474</td><td>181.52</td></tr><tr><td>1956-December</td><td>2,027</td><td>217</td><td>1,309</td><td>471</td><td>187.22</td></tr><tr><td>1957-July</td><td>2,050</td><td>255</td><td>1,319</td><td>476</td><td>180.36</td></tr><tr><td>August</td><td>2,060</td><td>257</td><td>1,325</td><td>478</td><td>181.23</td></tr><tr><td>September</td><td>2,069</td><td>258</td><td>1,330</td><td>480</td><td>180.58</td></tr><tr><td>October</td><td>2,083</td><td>259</td><td>1,341</td><td>483</td><td>180.41</td></tr><tr><td>November</td><td>2,099</td><td>260</td><td>1,353</td><td>486</td><td>183.49</td></tr><tr><td>December</td><td>2,110</td><td>263</td><td>1,358</td><td>489</td><td>184.24</td></tr><tr><td>1958-January</td><td>2,061</td><td>262</td><td>1,317</td><td>482</td><td>176.73</td></tr><tr><td>February</td><td>2,057</td><td>262</td><td>1,314</td><td>481</td><td>176.40r</td></tr><tr><td>March</td><td>2,066</td><td>263</td><td>1,322</td><td>481</td><td>176.81</td></tr></table>
1/ Excludes money held by the Treasury, money held by or for the accounts of the Federal Reserve Banks and agents, and coin estimated to be held outside the continental limits of the United States. Includes paper currency held outside the continental limits of the United States.
2/ Gold certificates were withdrawn from circulation in 1933.
3/ Treasury notes of 1890 in circulation are being canceled and retired upon receipt by the Treasury.
4/ Federal Reserve Bank notes and national bank notes are covered by deposits of lawful money and are in process of retirement.
5/ Highest amount to date.
6/ Based on latest population estimates by the Bureau of the Census.
r Revised.
May 1958
57
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 end silver in monetary stocks (in percent)</th></tr><tr><td>1950</td><td>24,230.7</td><td>3,671.5</td><td>13.2</td></tr><tr><td>1951</td><td>21,755.9</td><td>3,718.5</td><td>14.6</td></tr><tr><td>1952</td><td>23,346.5</td><td>3,768.5</td><td>13.9</td></tr><tr><td>1953</td><td>22,462.8</td><td>3,814.3</td><td>14.5</td></tr><tr><td>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>1957</td><td>22,622.9</td><td>4,126.6</td><td>15.4</td></tr><tr><td>1956-December</td><td>21,949.5</td><td>4,061.1</td><td>15.6</td></tr><tr><td>1957-July</td><td>22,636.9</td><td>4,127.6</td><td>15.4</td></tr><tr><td>August</td><td>22,626.2</td><td>4,151.6</td><td>15.5</td></tr><tr><td>September</td><td>22,635.5</td><td>4,163.2</td><td>15.5</td></tr><tr><td>October</td><td>22,630.8</td><td>4,174.4</td><td>15.5</td></tr><tr><td>November</td><td>22,763.2</td><td>4,181.6</td><td>15.5</td></tr><tr><td>December</td><td>22,781.0</td><td>4,189.4</td><td>15.5</td></tr><tr><td>1958-January</td><td>22,783.5</td><td>4,209.3</td><td>15.6</td></tr><tr><td>February</td><td>22,686.2</td><td>4,236.2</td><td>15.7</td></tr><tr><td>March</td><td>22,394.1</td><td>4,241.1</td><td>15.9</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. $</th><th>Balance of gold in Treasurer's account</th></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>22,009.5</td><td>21,545.7</td><td>463.7</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>1956</td><td>21,949.5</td><td>21,458.3</td><td>491.2</td></tr><tr><td>1957</td><td>22,701.0</td><td>22,272.9</td><td>508.1</td></tr><tr><td>1957-July</td><td>22,626.9</td><td>22,134.7</td><td>492.3</td></tr><tr><td>August</td><td>22,526.2</td><td>22,127.2</td><td>499.0</td></tr><tr><td>September</td><td>22,635.5</td><td>22,131.1</td><td>504.4</td></tr><tr><td>October</td><td>22,690.8</td><td>22,193.1</td><td>497.7</td></tr><tr><td>November</td><td>22,763.2</td><td>22,270.8</td><td>492.4</td></tr><tr><td>December</td><td>22,781.0</td><td>22,272.9</td><td>508.1</td></tr><tr><td>1958-January</td><td>22,783.5</td><td>22,292.2</td><td>491.3</td></tr><tr><td>February</td><td>22,686.2</td><td>22,287.2</td><td>399.0</td></tr><tr><td>March</td><td>22,394.1</td><td>21,992.1</td><td>402.0</td></tr></table>
Source: Circulation Statement of United States Money. 1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; (2) gold certificate credits in (a) the gold certificate
fund - Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0 million against United States notes and Treasury notes of 1890.
58
Treasury Bulletin
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th>End of calender year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th>Total silver at $1.29+ per fine ounce</th></tr><tr><th></th><th>Securing silver certificates 1/ Silver bullion 2/</th><th>Silver dollars</th><th>Subsidiary coin 3/</th><th>In Treasurer's account Bullion for recoinage 4/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Subsidiary coin 3/</th><th></th></tr><tr><td>1950</td><td>2,040.7</td><td>312.8</td><td>3.6</td><td>-</td><td>95.1 2/</td><td>179.8</td><td>1,082.2</td><td>3,597.1</td></tr><tr><td>1951</td><td>2,073.5</td><td>301.0</td><td>1.7</td><td>-</td><td>82.0 2/</td><td>191.3</td><td>1,081.1</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>267.6</td><td>18.0</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>2,194.4</td><td>253.5</td><td>15.7</td><td>.3</td><td>17.6</td><td>235.4</td><td>1,281.2</td><td>3,930.1</td></tr><tr><td>1956</td><td>2,208.9</td><td>236.3</td><td>2.3</td><td>.1</td><td>62.9</td><td>252.2</td><td>1,338.2</td><td>4,064.1</td></tr><tr><td>1957</td><td>2,212.9</td><td>219.0</td><td>8.2</td><td>-</td><td>92.3</td><td>269.3</td><td>1,402.6</td><td>4,185.4</td></tr><tr><td>1957-July</td><td>2,209.4</td><td>227.7</td><td>13.3</td><td>-</td><td>74.3</td><td>260.7</td><td>1,372.9</td><td>4,127.6</td></tr><tr><td>August</td><td>2,210.2</td><td>225.0</td><td>7.5</td><td>-</td><td>85.2</td><td>263.4</td><td>1,382.6</td><td>4,151.6</td></tr><tr><td>September</td><td>2,211.3</td><td>222.8</td><td>8.2</td><td>.3</td><td>89.0</td><td>265.5</td><td>1,385.5</td><td>4,163.2</td></tr><tr><td>October</td><td>2,212.1</td><td>221.2</td><td>13.1</td><td>-</td><td>90.3</td><td>267.1</td><td>1,389.5</td><td>4,174.4</td></tr><tr><td>November</td><td>2,212.1</td><td>219.4</td><td>8.3</td><td>-</td><td>92.9</td><td>268.9</td><td>1,397.0</td><td>4,181.6</td></tr><tr><td>December</td><td>2,212.9</td><td>219.0</td><td>8.2</td><td>-</td><td>92.3</td><td>269.3</td><td>1,402.6</td><td>4,185.4</td></tr><tr><td>1958-January</td><td>2,215.6</td><td>218.6</td><td>16.9</td><td>*</td><td>99.1</td><td>269.8</td><td>1,403.8</td><td>4,209.3</td></tr><tr><td>February</td><td>2,215.6</td><td>218.3</td><td>28.9</td><td>-</td><td>108.5</td><td>270.1</td><td>1,403.7</td><td>4,236.2</td></tr><tr><td>March</td><td>2,219.0</td><td>217.5</td><td>35.3</td><td>-</td><td>104.2</td><td>270.8</td><td>1,407.8</td><td>4,241.1</td></tr></table>
3. Valued at $1.38+ per fine ounce.
4. Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion is held for recoinage of subsidiary silver coins or for recoinage of standard silver dollars.
* Less than $50,000.
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
May 1958
59
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 colspan="5">Sources of seigniorage on silver bullion revealed 1/</th><th>Potential seigniorage on silver bullion at cost in Treasurer's account 2/</th></tr><tr><th></th><th></th><th>Met. silver (incl. silver bullion held June 14, 1934)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalized silver (Proc. of Aug. 9, 1934)</th><th colspan="2">Newly mined silver</th><th>Total seigniorage on silver revealed</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Proclamation of Dec. 21, 1933</th><th>Acts of July 6, 1939, and July 31, 1946</th><th></th></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>226.2</td><td>34.5</td><td>16.8</td><td>-</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>302.7</td><td>34.7</td><td>36.0</td><td>-</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>366.7</td><td>34.7</td><td>58.0</td><td>-</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>457.7</td><td>34.7</td><td>74.9</td><td>-</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>530.7</td><td>34.7</td><td>87.3</td><td>4.2</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>128.2</td><td>48.7</td><td>568.7</td><td>34.7</td><td>87.6</td><td>25.7</td><td>759.4</td><td>1,095.8</td></tr><tr><td>1941</td><td>158.1</td><td>48.7</td><td>580.4</td><td>34.7</td><td>87.6</td><td>48.3</td><td>799.7</td><td>1,089.0</td></tr><tr><td>1942</td><td>245.7</td><td>48.7</td><td>584.3</td><td>34.7</td><td>87.6</td><td>63.6</td><td>818.9</td><td>1,045.2</td></tr><tr><td>1943</td><td>299.6</td><td>48.7</td><td>584.3</td><td>34.7</td><td>87.6</td><td>69.3</td><td>820.6</td><td>957.3</td></tr><tr><td>1944</td><td>362.3</td><td>48.7</td><td>584.3</td><td>34.7</td><td>87.6</td><td>69.4</td><td>820.7</td><td>717.3</td></tr><tr><td>1945</td><td>429.5</td><td>48.7</td><td>701.6</td><td>34.7</td><td>87.6</td><td>65.5</td><td>938.1</td><td>333.2</td></tr><tr><td>1946</td><td>491.9</td><td>48.7</td><td>832.1</td><td>34.7</td><td>87.6</td><td>66.5</td><td>1,069.6</td><td>161.2</td></tr><tr><td>1947</td><td>520.5</td><td>48.7</td><td>832.1</td><td>34.7</td><td>87.6</td><td>74.5</td><td>1,077.6</td><td>146.8</td></tr><tr><td>1948</td><td>559.2</td><td>48.7</td><td>832.8</td><td>34.7</td><td>87.6</td><td>84.6</td><td>1,087.8</td><td>129.9</td></tr><tr><td>1949</td><td>578.7</td><td>48.7</td><td>833.6</td><td>34.7</td><td>87.6</td><td>93.5</td><td>1,098.1</td><td>127.2</td></tr><tr><td>1950</td><td>596.6</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>104.7</td><td>1,109.3</td><td>111.7</td></tr><tr><td>1951</td><td>642.3</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>114.6</td><td>1,119.2</td><td>81.9</td></tr><tr><td>1952</td><td>694.2</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>125.4</td><td>1,130.0</td><td>57.8</td></tr><tr><td>1953</td><td>748.2</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>134.7</td><td>1,139.3</td><td>39.9</td></tr><tr><td>1954</td><td>792.9</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>143.8</td><td>1,148.4</td><td>6.6</td></tr><tr><td>1955</td><td>807.0</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>150.8</td><td>1,155.4</td><td>14.3</td></tr><tr><td>1956</td><td>839.6</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>155.2</td><td>1,159.8</td><td>50.0</td></tr><tr><td>1957</td><td>890.3</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>156.4</td><td>1,161.0</td><td>72.9</td></tr><tr><td>1957-July</td><td>667.8</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>155.3</td><td>1,159.9</td><td>59.2</td></tr><tr><td>August</td><td>873.0</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>155.6</td><td>1,160.2</td><td>67.3</td></tr><tr><td>September</td><td>877.6</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>155.9</td><td>1,160.5</td><td>70.2</td></tr><tr><td>October</td><td>883.0</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>156.2</td><td>1,160.7</td><td>71.8</td></tr><tr><td>November</td><td>886.7</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>156.2</td><td>1,160.7</td><td>74.0</td></tr><tr><td>December</td><td>890.3</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>156.4</td><td>1,161.0</td><td>72.9</td></tr><tr><td>1958-January</td><td>895.3</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>157.2</td><td>1,161.8</td><td>79.8</td></tr><tr><td>February</td><td>901.3</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>157.2</td><td>1,161.8</td><td>81.4</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.
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 March 31, 1958
<table><tr><th></th><th>Allocations of increment</th><th>Charges against increment</th><th>Unexpended balance of increment</th></tr><tr><td>Exchange Stabilisation 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>1,857,609.51</td><td>317,512.42</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>8,769,825.73</td><td>-</td><td>8,769,825.73</td></tr><tr><td>Total increment</td><td>2,819,495,220.89</td><td>2,674,791,885.93</td><td>144,703,334.96</td></tr></table>
Source: Bureau of Accounts.
60
Treasury Bulletin
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheets as of June 30, 1957, and December 31, 195
<table><tr><th></th><th>June 30, 1957</th><th>December 31, 1957</th></tr><tr><td>Assets:</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>$4,346,850.48</td><td>$203,809,210.09</td></tr><tr><td>Federal Reserve Bank of New York, special account.</td><td>109,993,277.53</td><td>13,011,887.05</td></tr><tr><td>Disbursing officers' balances and advance accounts.</td><td>4,559.21</td><td>3,779.36</td></tr><tr><td>Total cash.</td><td>$114,344,687.22</td><td>$216,824,836.50</td></tr><tr><td>Special account of Secretary of the Treasury with Federal Reserve Bank of New York - gold.</td><td>108,789,866.30</td><td>76,271,345.70</td></tr><tr><td>Investments in United States Government securities.</td><td>95,000,000.00</td><td>25,000,000.00</td></tr><tr><td>Accrued interest receivable.</td><td>337,366.85</td><td>105,475.98</td></tr><tr><td>Accounts receivable.</td><td>51,005.99</td><td>56,509.11</td></tr><tr><td>Interest purchased.</td><td>215,276.23</td><td>-</td></tr><tr><td>Unamortized premium on Treasury obligations.</td><td>14,952.27</td><td>-</td></tr><tr><td>Total assets.</td><td>318,753,154.86</td><td>318,258,167.29</td></tr><tr><td>Liabilities and capital:</td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchere payable.</td><td>7,593.55</td><td>4,006.96</td></tr><tr><td>Employees' payroll allotment account, United States saving bonds.</td><td>2,683.58</td><td>2,395.65</td></tr><tr><td>Miscellaneous.</td><td>1,035,893.65</td><td>201,076.06</td></tr><tr><td>Total accounts payable.</td><td>1,046,270.78</td><td>207,478.67</td></tr><tr><td>Unamortized discount on treasury obligations.</td><td>27,587.13</td><td></td></tr><tr><td>Capital account:</td><td></td><td></td></tr><tr><td>Deduct - Subcription to International Monetary Fund.</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td></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>117,579,296.95</td><td>118,050,688.62</td></tr><tr><td>Total liabilities and capital.</td><td>318,753,154.86</td><td>318,258,167.29</td></tr></table>
Note: Annual balance sheets for fiscal years 1934 through 1940 appear in the 1940 Annual Report of the Secretary of the Treasury and those for succeeding years appear in subsequent reports. Quarterly balance sheet
beginning with that for December 31, 1930, have been published in the "Treasury Bulletin."
May 1958
61
EXCHANGE STABILIZATION FUND
Table 2.- Income and Expense
<table><tr><th>Classification</th><th>January 31, 1934, through June 30, 1937</th><th>January 31, 1934, through December 31, 1937</th></tr><tr><td>Income:</td><td></td><td></td></tr><tr><td>Profite on British sterling transactions.</td><td>$310,638.09</td><td>$310,638.09</td></tr><tr><td>Profite on French franc transactions.</td><td>351,527.60</td><td>351,527.60</td></tr><tr><td>Profite on gold bullion (including profite from handling charges on gold).</td><td>60,769,146.87</td><td>61,057,493.28</td></tr><tr><td>Profite on other gold and exchange transactions.</td><td>50,531,831.06</td><td>50,662,430.38</td></tr><tr><td>Profite on silver transactions.</td><td>102,735.27</td><td>102,735.27</td></tr><tr><td>Profite on sale of silver bullion to Treasury (nationalized).</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profite on investments.</td><td>1,979,938.16</td><td>1,649,712.79</td></tr><tr><td>Interest on investments.</td><td>13,726,582.94</td><td>14,847,811.45</td></tr><tr><td>Miscellaneous profits.</td><td>865,209.51</td><td>865,442.07</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>Total income.</td><td>136,935,912.05</td><td>138,146,153.48</td></tr><tr><td>Expense:</td><td></td><td></td></tr><tr><td>Personal services.</td><td>15,186,691.86</td><td>15,854,749.69</td></tr><tr><td>Travel.</td><td>725,240.44</td><td>785,642.62</td></tr><tr><td>Transportation of things.</td><td>768,476.53</td><td>780,158.95</td></tr><tr><td>Communications.</td><td>642,524.99</td><td>650,537.88</td></tr><tr><td>Supplies and materials.</td><td>132,848.79</td><td>136,217.53</td></tr><tr><td>Other.</td><td>1,800,832.49</td><td>1,888,158.19</td></tr><tr><td>Total expenses.</td><td>19,256,615.10</td><td>20,095,464.86</td></tr><tr><td>Net income.</td><td>117,679,296.95</td><td>118,050,688.62</td></tr></table>
62
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 1958, 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 - Summary by Periods
Table 1.- 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>Calendar year or month</th><th>Net capital movement</th><th colspan="3">Changes in liabilities to foreigners</th><th colspan="3">Changes in claims on foreigners</th></tr><tr><th></th><th></th><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>1955-41</td><td>5,253.2</td><td>3,661.3</td><td>3,034.6</td><td>626.7</td><td>1,591.9</td><td>736.3</td><td>855.5</td></tr><tr><td>1942</td><td>622.6</td><td>532.5</td><td>189.9</td><td>66.6</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>428.8</td><td>431.1</td><td>280.4</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>517.2</td><td>635.2</td><td>-89.1</td><td>-201.7</td><td>-280.7</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>-417.5</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>114.2</td><td>-72.2</td></tr><tr><td>1954</td><td>637.1</td><td>1,149.5</td><td>1,270.2</td><td>119.3</td><td>-782.4</td><td>-482.0</td><td>-300.4</td></tr><tr><td>1955</td><td>1,175.0</td><td>1,367.3</td><td>682.1</td><td>685.2</td><td>-192.4</td><td>-162.0</td><td>-30.4</td></tr><tr><td>1956</td><td>586.5</td><td>1,494.7</td><td>1,338.4</td><td>156.4</td><td>-908.3</td><td>-397.2</td><td>-511.1</td></tr><tr><td>1957 p.</td><td>-683.8r</td><td>333.9r</td><td>189.0</td><td>144.9r</td><td>-1,017.7r</td><td>-298.5</td><td>-719.1r</td></tr><tr><td>1957-July</td><td>-113.6</td><td>-129.3</td><td>-44.5</td><td>-84.8</td><td>15.7</td><td>67.5</td><td>-51.8</td></tr><tr><td>August</td><td>-85.1</td><td>48.5</td><td>92.4</td><td>-140.9</td><td>-36.6</td><td>-25.1</td><td>-11.1</td></tr><tr><td>September</td><td>-96.9</td><td>-59.5</td><td>-54.5</td><td>-5.1</td><td>-37.4</td><td>-1.8</td><td>-36.6</td></tr><tr><td>October</td><td>322.5</td><td>402.0</td><td>421.7</td><td>-19.7</td><td>-79.5</td><td>-98.1</td><td>18.6</td></tr><tr><td>November</td><td>-87.5</td><td>-102.1</td><td>-126.0</td><td>23.9</td><td>14.6</td><td>63.3</td><td>-48.7</td></tr><tr><td>December p.</td><td>-47.7r</td><td>18.0r</td><td>-15.5r</td><td>33.5</td><td>-65.7r</td><td>-48.4r</td><td>-17.3</td></tr><tr><td>1958-January p.</td><td>-46.3</td><td>161.0</td><td>174.4</td><td>-13.4</td><td>-207.3</td><td>-42.7</td><td>-164.6</td></tr><tr><td>February p.</td><td>-112.3</td><td>41.4</td><td>-75.4</td><td>116.8</td><td>-193.7</td><td>60.8</td><td>-194.5</td></tr></table>
Preliminary. Revised.
May 1958
63
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>End of calendar year or month</th><th colspan="4">Short-term liabilities to foreigners</th><th colspan="4">Short-term claims on foreigners</th></tr><tr><th></th><th>Total</th><th>Foreign official</th><th>Other foreign</th><th>Inter-national</th><th>Payable in foreign currencies</th><th>Total</th><th>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>1,917.1</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>2,039.7</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>165.7</td><td>54.6</td></tr><tr><td>1945</td><td>6,883.1</td><td>4,179.3</td><td>2,678.2</td><td>-</td><td>25.5</td><td>392.8</td><td>100.3</td><td>249.0</td><td>47.5</td></tr><tr><td>1946</td><td>6,480.3</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>490.6</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>1,327.8</td><td>44.9</td><td>838.0</td><td>151.1</td><td>506.3</td><td>840.6</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>1,594.9</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>11,688.4</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>12,918.6</td><td>6,770.1</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>959.0</td><td>211.0</td></tr><tr><td>1955</td><td>13,600.7</td><td>6,952.8</td><td>4,786.5</td><td>1,881.1</td><td>40.3</td><td>1,548.5</td><td>328.1</td><td>1,096.5</td><td>163.9</td></tr><tr><td>1956</td><td>14,939.1</td><td>8,045.4</td><td>5,392.8</td><td>1,452.1</td><td>48.8</td><td>1,945.7</td><td>405.4</td><td>1,390.8</td><td>149.6</td></tr><tr><td>1957 p.</td><td>15,128.1</td><td>7,893.0</td><td>5,659.0</td><td>1,517.3</td><td>58.9</td><td>2,244.2</td><td>405.5</td><td>1,691.5</td><td>147.2</td></tr><tr><td>1957-July</td><td>14,810.1</td><td>7,807.6</td><td>5,393.5</td><td>1,545.3</td><td>63.7</td><td>2,134.7</td><td>426.0</td><td>1,537.1</td><td>171.6</td></tr><tr><td>August</td><td>14,902.4</td><td>7,626.6</td><td>5,574.2</td><td>1,635.4</td><td>66.3</td><td>2,160.2</td><td>428.7</td><td>1,576.1</td><td>125.4</td></tr><tr><td>September</td><td>14,848.0</td><td>7,643.8</td><td>5,619.3</td><td>1,512.2</td><td>72.7</td><td>2,161.0</td><td>406.6</td><td>1,597.7</td><td>156.7</td></tr><tr><td>October</td><td>15,269.7</td><td>7,934.4</td><td>5,756.1</td><td>1,516.5</td><td>62.6</td><td>2,259.1</td><td>414.6</td><td>1,668.7</td><td>175.8</td></tr><tr><td>November</td><td>15,143.7</td><td>7,816.1</td><td>5,732.5</td><td>1,538.4</td><td>56.8</td><td>2,195.8</td><td>390.1</td><td>1,675.2</td><td>132.5</td></tr><tr><td>December p.</td><td>15,128.1</td><td>7,893.0</td><td>5,659.0</td><td>1,517.3</td><td>58.9</td><td>2,244.2</td><td>405.5</td><td>1,691.5</td><td>147.2</td></tr><tr><td>1958-January p.</td><td>15,302.5</td><td>7,998.5</td><td>5,636.2</td><td>1,618.8</td><td>49.0</td><td>2,287.0</td><td>367.3</td><td>1,782.5</td><td>137.2</td></tr><tr><td>February p.</td><td>15,227.1</td><td>8,073.4</td><td>5,614.7</td><td>1,463.6</td><td>48.4</td><td>2,246.2</td><td>345.2</td><td>1,776.6</td><td>124.4</td></tr></table>
1/ Beginning in August 1956 and again in April 1957, certain accounts previously classified as "Other foreign" are included in "Foreign official."
p Preliminary.
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="2">U.S. Government bonds and notes 1/</th><th colspan="6">Corporate and other</th><th rowspan="2">Total purchasee</th><th rowspan="2">Total salee</th><th rowspan="2">Net purchasee of domestic securities</th></tr><tr><th>Purchasee</th><th>Salee</th><th>Net purchasee</th><th>Purchasee</th><th>Salee</th><th>Net purchasee</th><th>Purchasee</th><th>Salee</th><th>Net purchasee</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>811.6 3/</td><td>-411.4 3/</td><td>9,382.1</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>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>392.9</td><td>355.2</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>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>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>782.1</td><td>1,116.3</td><td>-334.2</td></tr><tr><td>1947</td><td>344.8</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>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>652.2</td><td>841.4</td><td>-189.2</td></tr><tr><td>1949</td><td>430.0</td><td>130.6</td><td>96.4</td><td>107.7</td><td>108.3</td><td>-0.6</td><td>354.1</td><td>377.3</td><td>-23.2</td><td>781.1</td><td>708.9</td><td>72.2</td></tr><tr><td>1950</td><td>1,336.4</td><td>294.3</td><td>942.1</td><td></td><td></td><td></td><td>666.9</td><td>664.0</td><td>2.9</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>111.6</td><td>8.4</td><td>739.8</td><td>619.5</td><td>120.3</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>1,338.0</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>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>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>3,227.0</td><td>2,941.6</td><td>685.2</td></tr><tr><td>1956</td><td>882.4</td><td>1,028.3</td><td>-135.0</td><td>287.1</td><td>251.8</td><td>35.3</td><td>1,619.5</td><td>1,363.5</td><td>256.0</td><td>2,790.0</td><td>2,633.6</td><td>156.4</td></tr><tr><td>1957 p.</td><td>666.1r</td><td>716.1r</td><td>-49.9r</td><td>310.9r</td><td>258.8</td><td>52.0r</td><td>1,306.2r</td><td>1,163.4r</td><td>142.8r</td><td>2,283.3r</td><td>2,138.4r</td><td>144.9</td></tr><tr><td>1957-July</td><td>28.8</td><td>122.0</td><td>-93.1</td><td>24.0</td><td>22.7</td><td>1.3</td><td>137.1</td><td>130.0</td><td>7.1</td><td>189.9</td><td>274.7</td><td>-84.8</td></tr><tr><td>August</td><td>18.1</td><td>175.2</td><td>-157.1</td><td>31.3</td><td>28.6</td><td>2.7</td><td>104.2</td><td>90.6</td><td>13.6</td><td>151.5</td><td>294.3</td><td>-140.9</td></tr><tr><td>September</td><td>15.8</td><td>10.2</td><td>5.6</td><td>22.3</td><td>18.5</td><td>3.9</td><td>69.6</td><td>84.1</td><td>-14.5</td><td>107.7</td><td>112.8</td><td>-5.1</td></tr><tr><td>October</td><td>35.4</td><td>18.8</td><td>16.6</td><td>24.7</td><td>23.0</td><td>1.7</td><td>81.9</td><td>120.0</td><td>-38.1</td><td>142.1</td><td>161.7</td><td>-19.7</td></tr><tr><td>November</td><td>37.8</td><td>30.5</td><td>7.3</td><td>37.4</td><td>23.5</td><td>13.8</td><td>73.5</td><td>70.8</td><td>2.8</td><td>148.7</td><td>124.8</td><td>23.9</td></tr><tr><td>December p</td><td>73.1</td><td>40.1</td><td>33.0</td><td>32.3</td><td>27.2</td><td>5.2</td><td>69.1</td><td>73.7</td><td>-4.6</td><td>174.6</td><td>141.1</td><td>33.5</td></tr><tr><td>1958-January p.</td><td>107.5</td><td>113.0</td><td>-5.6</td><td>28.9</td><td>29.0</td><td>-1.1</td><td>65.4</td><td>73.2</td><td>-7.7</td><td>201.8</td><td>215.2</td><td>-13.4</td></tr><tr><td>February p</td><td>242.1</td><td>123.6</td><td>118.4</td><td>24.4</td><td>18.4</td><td>6.0</td><td>73.1</td><td>80.8</td><td>-7.7</td><td>339.6</td><td>222.8</td><td>116.8</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. Preliminary. Revised.
64
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.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>4,008.2</td><td>3,152.6</td><td>855.5</td></tr><tr><td>1942</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>220.5</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>26.5</td><td>22.1</td><td>4.5</td><td>330.9</td><td>247.4</td><td>93.5</td></tr><tr><td>1945</td><td>318.1</td><td>347.3</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>656.7</td><td>634.3</td><td>22.4</td><td>57.1</td><td>42.6</td><td>14.6</td><td>713.9</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>95.7</td><td>-13.0</td><td>293.3</td><td>386.2</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>1956</td><td>606.5</td><td>991.5</td><td>-385.0</td><td>749.2</td><td>875.2</td><td>-126.1</td><td>1,355.7</td><td>1,866.8</td><td>-511.2</td></tr><tr><td>1957 p.</td><td>694.8r</td><td>1,384.8r</td><td>-690.1</td><td>591.6r</td><td>620.7</td><td>-29.1r</td><td>1,286.4r</td><td>2,005.5r</td><td>-719.1r</td></tr><tr><td>1957-July</td><td>130.1</td><td>191.1</td><td>-61.0</td><td>68.9</td><td>59.7</td><td>9.2</td><td>199.0</td><td>250.8</td><td>-51.8</td></tr><tr><td>August</td><td>22.9</td><td>35.6</td><td>-12.7</td><td>45.6</td><td>44.0</td><td>1.6</td><td>68.4</td><td>79.6</td><td>-11.1</td></tr><tr><td>September</td><td>49.4</td><td>80.3</td><td>-30.9</td><td>40.5</td><td>46.2</td><td>-5.7</td><td>89.9</td><td>126.5</td><td>-36.6</td></tr><tr><td>October</td><td>123.1</td><td>105.5</td><td>17.6</td><td>43.5</td><td>42.6</td><td>1.0</td><td>166.7</td><td>148.1</td><td>18.6</td></tr><tr><td>November</td><td>38.1</td><td>94.3</td><td>-56.2</td><td>35.6</td><td>28.1</td><td>7.5</td><td>73.7</td><td>122.4</td><td>-48.7</td></tr><tr><td>December p.</td><td>33.6</td><td>21.8</td><td>11.2</td><td>28.7</td><td>24.7</td><td>3.9</td><td>62.3</td><td>46.6</td><td>15.7</td></tr><tr><td>1958-January p.</td><td>39.9</td><td>118.3</td><td>-78.4</td><td>28.1</td><td>54.3</td><td>-26.2</td><td>68.1</td><td>172.6</td><td>-104.5</td></tr><tr><td>February p.</td><td>51.0</td><td>127.3</td><td>-106.3</td><td>122.0</td><td>210.1</td><td>-88.1</td><td>173.0</td><td>357.5</td><td>-184.5</td></tr></table>
n.s. Not available.
P Preliminary.
r. Revined.
May 1958
65
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners 1/
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1953</th><th>1954</th><th>1955</th><th>1956</th><th>September</th><th>October</th><th>November</th><th>December p</th><th>January p</th><th>February p</th><th>March 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><td></td></tr><tr><td>Austria</td><td>190.9</td><td>273.2</td><td>260.8</td><td>296.4</td><td>337.3</td><td>344.5</td><td>345.8</td><td>348.9</td><td>371.5</td><td>350.7</td><td>355.3</td></tr><tr><td>Belgium</td><td>130.3</td><td>99.8</td><td>108.3</td><td>116.9</td><td>132.3</td><td>136.5</td><td>130.6</td><td>130.2</td><td>113.3</td><td>133.3</td><td>109.8</td></tr><tr><td>Czechoslovakia</td><td>.6</td><td>.7</td><td>.7</td><td>.5</td><td>.5</td><td>.7</td><td>.5</td><td>.7</td><td>.5</td><td>.6</td><td>.5</td></tr><tr><td>Denmark</td><td>95.7</td><td>71.1</td><td>60.0</td><td>65.5</td><td>102.0</td><td>96.7</td><td>100.5</td><td>112.5</td><td>126.1</td><td>124.2</td><td>130.7</td></tr><tr><td>Finland</td><td>37.9</td><td>41.3</td><td>49.3</td><td>53.2</td><td>62.0</td><td>67.9</td><td>66.4</td><td>64.5</td><td>63.5</td><td>64.8</td><td>51.1</td></tr><tr><td>France</td><td>428.5</td><td>715.4</td><td>1,080.6</td><td>626.2</td><td>411.2</td><td>398.2</td><td>351.5</td><td>354.5</td><td>330.8</td><td>284.6</td><td>301.1</td></tr><tr><td>Germany, Federal Republic of</td><td>898.8</td><td>1,372.5</td><td>1,454.4</td><td>1,834.5</td><td>1,664.1</td><td>1,573.1</td><td>1,567.3</td><td>1,557.2</td><td>1,519.7</td><td>1,493.9</td><td>1,508.1</td></tr><tr><td>Greece</td><td>100.9</td><td>112.5</td><td>175.7</td><td>177.4</td><td>139.2</td><td>144.5</td><td>146.0</td><td>153.5</td><td>154.3</td><td>156.5</td><td>154.1</td></tr><tr><td>Italy</td><td>465.7</td><td>576.4</td><td>785.4</td><td>929.6</td><td>1,023.4</td><td>1,095.6</td><td>1,020.6</td><td>1,078.6</td><td>1,083.4</td><td>1,078.6</td><td>1,056.1</td></tr><tr><td>Netherlands</td><td>242.9</td><td>249.3</td><td>163.7</td><td>133.7</td><td>171.7</td><td>189.9</td><td>218.0</td><td>202.5</td><td>240.2</td><td>346.8</td><td>323.1</td></tr><tr><td>Norway</td><td>118.5</td><td>103.4</td><td>81.7</td><td>66.6</td><td>94.2</td><td>97.4</td><td>94.9</td><td>93.4</td><td>117.1</td><td>122.1</td><td>107.3</td></tr><tr><td>Poland</td><td>2.2</td><td>2.1</td><td>2.5</td><td>3.3</td><td>2.7</td><td>6.0</td><td>3.2</td><td>3.2</td><td>3.9</td><td>4.7</td><td>4.4</td></tr><tr><td>Portugal</td><td>72.4</td><td>91.3</td><td>131.8</td><td>137.0</td><td>124.0</td><td>129.5</td><td>127.1</td><td>142.1</td><td>136.8</td><td>144.1</td><td>155.1</td></tr><tr><td>Romania</td><td>5.8</td><td>7.8</td><td>8.1</td><td>.9</td><td>1.0</td><td>.8</td><td>.9</td><td>.8</td><td>.9</td><td>.8</td><td>.8</td></tr><tr><td>Spain</td><td>36.0</td><td>71.3</td><td>104.4</td><td>43.2</td><td>24.0</td><td>30.2</td><td>26.3</td><td>25.5</td><td>22.2</td><td>24.1</td><td>28.5</td></tr><tr><td>Sweden</td><td>116.7</td><td>141.0</td><td>158.9</td><td>217.2</td><td>273.0</td><td>260.3</td><td>269.5</td><td>259.3</td><td>264.1</td><td>265.7</td><td>258.4</td></tr><tr><td>Switzerland</td><td>674.2</td><td>672.4</td><td>756.7</td><td>835.8</td><td>802.0</td><td>857.0</td><td>865.1</td><td>904.7</td><td>940.0</td><td>932.1</td><td>918.5</td></tr><tr><td>Turkey</td><td>24.2</td><td>8.2</td><td>8.7</td><td>20.4</td><td>11.8</td><td>18.8</td><td>16.5</td><td>18.3</td><td>15.5</td><td>11.7</td><td>12.8</td></tr><tr><td>U.S.S.R.</td><td>2.0</td><td>1.8</td><td>.7</td><td>.8</td><td>.6</td><td>.9</td><td>.9</td><td>.7</td><td>1.0</td><td>.8</td><td>.8</td></tr><tr><td>United Kingdom</td><td>708.9</td><td>639.5</td><td>590.0</td><td>1,012.1</td><td>807.2</td><td>1,161.4</td><td>1,199.1</td><td>1,275.4</td><td>1,330.5</td><td>1,243.9</td><td>1,260.1</td></tr><tr><td>Yugoslavia</td><td>6.9</td><td>8.6</td><td>13.0</td><td>17.0</td><td>11.9</td><td>9.5</td><td>11.0</td><td>10.6</td><td>7.3</td><td>6.9</td><td>7.4</td></tr><tr><td>Other Europe</td><td>383.5</td><td>358.8</td><td>197.1</td><td>276.9</td><td>367.2</td><td>417.7</td><td>412.9</td><td>343.7</td><td>397.3</td><td>467.4</td><td>592.4</td></tr><tr><td>Total Europe</td><td>4,733.6</td><td>5,620.5</td><td>6,146.5</td><td>6,864.9</td><td>6,569.3</td><td>6,992.9</td><td>6,975.6</td><td>7,140.6</td><td>7,240.1</td><td>7,258.0</td><td>7,317.2</td></tr><tr><td>Canada</td><td>1,295.5</td><td>1,535.7</td><td>1,032.2</td><td>1,515.5</td><td>1,654.9</td><td>1,739.0</td><td>1,734.9</td><td>1,623.0</td><td>1,596.6</td><td>1,662.2</td><td>1,527.1</td></tr><tr><td>Latino America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>130.0</td><td>160.4</td><td>137.9</td><td>145.7</td><td>146.6</td><td>160.2</td><td>151.5</td><td>136.8</td><td>138.3</td><td>136.9</td><td>144.3</td></tr><tr><td>Bolivia</td><td>19.1</td><td>29.2</td><td>25.4</td><td>28.6</td><td>28.2</td><td>24.2</td><td>24.1</td><td>26.3</td><td>23.5</td><td>25.1</td><td>23.0</td></tr><tr><td>Brazil</td><td>101.7</td><td>119.6</td><td>143.4</td><td>224.7</td><td>132.6</td><td>144.9</td><td>149.1</td><td>132.2</td><td>120.4</td><td>117.7</td><td>116.2</td></tr><tr><td>Chile</td><td>78.8</td><td>69.6</td><td>95.2</td><td>90.6</td><td>76.7</td><td>75.5</td><td>75.6</td><td>75.1</td><td>78.3</td><td>72.0</td><td>76.9</td></tr><tr><td>Colombia</td><td>150.2</td><td>222.2</td><td>130.5</td><td>152.9</td><td>186.1</td><td>201.8</td><td>175.0</td><td>152.9</td><td>148.0</td><td>139.6</td><td>135.4</td></tr><tr><td>Cuba</td><td>340.8</td><td>236.7</td><td>252.7</td><td>211.5</td><td>280.2</td><td>235.7</td><td>234.8</td><td>235.0</td><td>239.5</td><td>238.9</td><td>244.0</td></tr><tr><td>Dominican Republic</td><td>39.3</td><td>60.4</td><td>64.9</td><td>68.2</td><td>58.6</td><td>57.3</td><td>57.6</td><td>53.5</td><td>51.5</td><td>48.7</td><td>48.1</td></tr><tr><td>Guatemala</td><td>37.9</td><td>34.5</td><td>44.8</td><td>63.7</td><td>60.4</td><td>59.9</td><td>62.0</td><td>65.0</td><td>68.1</td><td>68.7</td><td>65.1</td></tr><tr><td>Mexico</td><td>183.2</td><td>328.9</td><td>413.7</td><td>433.0</td><td>370.6</td><td>370.2</td><td>360.0</td><td>374.7</td><td>386.1</td><td>370.5</td><td>364.1</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>51.5</td><td>48.7</td><td>46.6</td><td>68.6</td><td>75.0</td><td>75.1</td><td>71.8</td><td>73.4</td><td>70.6</td><td>69.3</td><td>66.1</td></tr><tr><td>Panama, Republic of</td><td>89.9</td><td>73.8</td><td>85.7</td><td>109.3</td><td>129.0</td><td>140.3</td><td>133.0</td><td>136.0</td><td>123.3</td><td>140.5</td><td>143.8</td></tr><tr><td>Peru</td><td>68.0</td><td>83.4</td><td>92.2</td><td>83.6</td><td>61.1</td><td>63.9</td><td>61.8</td><td>59.9</td><td>59.6</td><td>65.9</td><td>62.2</td></tr><tr><td>El Salvador</td><td>26.8</td><td>30.4</td><td>23.9</td><td>25.5</td><td>34.2</td><td>26.2</td><td>22.4</td><td>27.2</td><td>32.1</td><td>32.2</td><td>31.4</td></tr><tr><td>Uruguay</td><td>109.6</td><td>90.3</td><td>65.0</td><td>73.3</td><td>59.6</td><td>55.5</td><td>55.0</td><td>55.1</td><td>72.1</td><td>84.8</td><td>85.6</td></tr><tr><td>Venezuela</td><td>222.4</td><td>193.6</td><td>264.9</td><td>455.5</td><td>895.6</td><td>858.1</td><td>815.2</td><td>829.0</td><td>772.5</td><td>748.9</td><td>708.9</td></tr><tr><td>Other Latin America</td><td>119.2</td><td>124.1</td><td>112.1</td><td>111.2</td><td>128.8</td><td>126.3</td><td>123.7</td><td>123.6</td><td>135.9</td><td>135.4</td><td>152.0</td></tr><tr><td>Total Latin America</td><td>1,768.4</td><td>1,905.9</td><td>1,999.8</td><td>2,345.7</td><td>2,723.4</td><td>2,671.9</td><td>2,592.7</td><td>2,556.3</td><td>2,515.6</td><td>2,495.1</td><td>2,467.9</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><td></td></tr><tr><td>China Mainland</td><td>36.4</td><td>35.7</td><td>36.2</td><td>35.5</td><td>36.2</td><td>36.4</td><td>36.2</td><td>36.3</td><td>36.4</td><td>36.1</td><td>36.2</td></tr><tr><td>Bangkok</td><td>68.0</td><td>60.8</td><td>55.0</td><td>66.2</td><td>71.5</td><td>71.5</td><td>71.4</td><td>69.7</td><td>64.7</td><td>65.5</td><td>67.8</td></tr><tr><td>India</td><td>99.0</td><td>86.9</td><td>72.8</td><td>76.5</td><td>81.8</td><td>88.2</td><td>88.8</td><td>82.4</td><td>78.0</td><td>77.3</td><td>79.1</td></tr><tr><td>Indonesia</td><td>39.3</td><td>100.3</td><td>174.5</td><td>185.7</td><td>178.6</td><td>189.6</td><td>186.6</td><td>150.7</td><td>138.3</td><td>132.8</td><td>89.4</td></tr><tr><td>Iran</td><td>43.6</td><td>31.4</td><td>36.6</td><td>19.7</td><td>49.3</td><td>43.4</td><td>42.3</td><td>55.3</td><td>46.6</td><td>44.5</td><td>52.2</td></tr><tr><td>Israel</td><td>18.0</td><td>41.0</td><td>52.8</td><td>45.0</td><td>53.4</td><td>47.2</td><td>45.6</td><td>52.1</td><td>48.6</td><td>49.8</td><td>48.5</td></tr><tr><td>Japan</td><td>887.9</td><td>721.0</td><td>893.2</td><td>1,016.5</td><td>570.2</td><td>963.7</td><td>554.6</td><td>579.7</td><td>593.8</td><td>649.4</td><td>697.5</td></tr><tr><td>Korea, Republic of</td><td>91.5</td><td>95.6</td><td>87.9</td><td>99.4</td><td>105.7</td><td>110.5</td><td>112.2</td><td>117.0</td><td>118.1</td><td>120.5</td><td>121.3</td></tr><tr><td>Philippines</td><td>295.5</td><td>297.4</td><td>292.0</td><td>276.4</td><td>235.3</td><td>194.9</td><td>173.8</td><td>174.5</td><td>184.4</td><td>189.0</td><td>187.9</td></tr><tr><td>Taiwan</td><td>37.2</td><td>34.3</td><td>38.8</td><td>60.5</td><td>76.0</td><td>83.3</td><td>85.1</td><td>85.8</td><td>87.0</td><td>88.0</td><td>91.9</td></tr><tr><td>Thailand</td><td>157.9</td><td>123.1</td><td>137.9</td><td>148.3</td><td>163.0</td><td>162.1</td><td>159.5</td><td>156.5</td><td>156.1</td><td>158.5</td><td>156.6</td></tr><tr><td>Other Asia</td><td>171.2</td><td>234.1</td><td>343.4</td><td>389.3</td><td>413.8</td><td>383.8</td><td>390.2</td><td>380.0</td><td>389.6</td><td>382.5</td><td>359.6</td></tr><tr><td>Total Asia</td><td>1,895.5</td><td>1,821.5</td><td>2,181.2</td><td>2,415.1</td><td>2,014.7</td><td>1,974.6</td><td>1,946.1</td><td>1,940.0</td><td>1,949.8</td><td>1,993.2</td><td>1,987.4</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>59.2</td><td>47.7</td><td>75.1</td><td>84.2</td><td>81.0</td><td>85.2</td><td>84.3</td><td>84.8</td><td>82.1</td><td>80.1</td><td>82.1</td></tr><tr><td>Belgian Congo</td><td>89.6</td><td>43.6</td><td>41.5</td><td>44.2</td><td>39.1</td><td>41.1</td><td>42.1</td><td>39.3</td><td>41.2</td><td>39.4</td><td>45.8</td></tr><tr><td>Egypt 2/</td><td>43.3</td><td>47.1</td><td>71.6</td><td>50.3</td><td>53.7</td><td>49.6</td><td>45.4</td><td>40.1</td><td>41.8</td><td>42.5</td><td>42.4</td></tr><tr><td>Union of South Africa</td><td>38.2</td><td>32.7</td><td>52.6</td><td>52.9</td><td>47.1</td><td>45.3</td><td>38.6</td><td>37.6</td><td>59.5</td><td>35.6</td><td>38.5</td></tr><tr><td>All other</td><td>95.7</td><td>94.0</td><td>119.0</td><td>114.2</td><td>152.3</td><td>153.4</td><td>145.6</td><td>149.2</td><td>156.9</td><td>158.4</td><td>155.8</td></tr><tr><td>Total other countries</td><td>326.1</td><td>265.1</td><td>359.2</td><td>345.9</td><td>373.5</td><td>374.6</td><td>356.0</td><td>351.0</td><td>381.6</td><td>354.9</td><td>364.8</td></tr><tr><td>International</td><td>1,629.4</td><td>1,769.9</td><td>1,881.1</td><td>1,552.1</td><td>1,532.2</td><td>1,516.5</td><td>1,538.4</td><td>1,517.3</td><td>1,518.8</td><td>1,463.6</td><td>1,373.7</td></tr><tr><td>Grand total</td><td>11,648.4</td><td>12,918.6</td><td>13,600.7</td><td>14,399.1</td><td>14,848.0</td><td>15,269.7</td><td>15,143.7</td><td>15,128.1</td><td>15,302.5</td><td>15,227.1</td><td>15,138.7</td></tr></table>
1/ Liabilities to countries not regularly reported separately are published annually in Section IV, Table 5, in the April issue of the "Treasury Bulletin."
2/ Part of United Arab Republic (including Egypt and Syria) since February
1958. Data on liabilities to Syria are reported annually, and appear in Section IV, Table 5, in the April issue of the "Treasury Bulletin." p Preliminary. r Revised.
66
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Poetion at end of period in millione of dollars)
<table><tr><th>Country</th><th colspan="4">Calendar year</th><th colspan="5">1957</th><th colspan="2">1958</th></tr><tr><th></th><th>1953</th><th>1954</th><th>1955</th><th>1956</th><th>September</th><th>October</th><th>November</th><th>December p</th><th>January p</th><th>February p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>.8</td><td>.4</td><td>2.0</td><td>6.7</td><td>6.9</td><td>6.8</td><td>5.5</td><td>6.4</td><td>6.8</td><td>8.6</td></tr><tr><td>Belgium</td><td>13.0</td><td>19.6</td><td>15.9</td><td>28.1</td><td>24.5</td><td>23.7</td><td>25.4</td><td>33.3</td><td>35.1</td><td>34.9</td></tr><tr><td>Czechoslovakia</td><td>*</td><td>*</td><td>-</td><td>.2</td><td>.3</td><td>*</td><td>.4</td><td>.1</td><td>.3</td><td>*</td></tr><tr><td>Denmark</td><td>6.2</td><td>9.7</td><td>13.2</td><td>12.2</td><td>6.3</td><td>8.8</td><td>9.5</td><td>10.7</td><td>9.5</td><td>8.9</td></tr><tr><td>Finland</td><td>1.9</td><td>2.5</td><td>2.5</td><td>3.5</td><td>3.1</td><td>3.7</td><td>4.8</td><td>4.1</td><td>4.3</td><td>3.5</td></tr><tr><td>France</td><td>10.6</td><td>14.2</td><td>12.1</td><td>18.3</td><td>113.2</td><td>106.1</td><td>108.3</td><td>114.4</td><td>110.1</td><td>97.7</td></tr><tr><td>Germany, Federal Republic of</td><td>30.5</td><td>70.2</td><td>87.8</td><td>157.0</td><td>150.3</td><td>137.7</td><td>136.5</td><td>140.0</td><td>135.9</td><td>125.6</td></tr><tr><td>Greece</td><td>1.3</td><td>3.3</td><td>4.5</td><td>4.3</td><td>6.7</td><td>6.6</td><td>6.1</td><td>6.3</td><td>5.5</td><td>6.2</td></tr><tr><td>Italy</td><td>18.8</td><td>19.9</td><td>29.9</td><td>43.2</td><td>54.0</td><td>54.1</td><td>53.7</td><td>57.3</td><td>52.5</td><td>53.1</td></tr><tr><td>Netherlands</td><td>8.6</td><td>15.9</td><td>11.2</td><td>20.9</td><td>24.2</td><td>22.1</td><td>23.9</td><td>23.9</td><td>27.8</td><td>27.2</td></tr><tr><td>Norway</td><td>1.0</td><td>2.1</td><td>8.8</td><td>23.4</td><td>18.4</td><td>16.4</td><td>19.3</td><td>23.4</td><td>23.3</td><td>24.7</td></tr><tr><td>Poland</td><td>*</td><td>*</td><td>.1</td><td>*</td><td>1.0</td><td>4.4</td><td>5.1</td><td>3.6</td><td>3.5</td><td>4.5</td></tr><tr><td>Portugal</td><td>.6</td><td>.5</td><td>1.5</td><td>1.6</td><td>1.3</td><td>1.3</td><td>1.3</td><td>2.0</td><td>1.9</td><td>1.8</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></tr><tr><td>Spain</td><td>24.3</td><td>4.0</td><td>4.8</td><td>7.6</td><td>24.1</td><td>9.7</td><td>10.2</td><td>11.5</td><td>22.4</td><td>26.0</td></tr><tr><td>Sweden</td><td>2.7</td><td>4.1</td><td>7.4</td><td>13.1</td><td>8.8</td><td>9.3</td><td>10.7</td><td>10.2</td><td>11.2</td><td>10.9</td></tr><tr><td>Switzerland</td><td>17.9</td><td>16.2</td><td>25.7</td><td>28.9</td><td>32.2</td><td>35.4</td><td>36.6</td><td>36.6</td><td>31.4</td><td>29.8</td></tr><tr><td>Turkey</td><td>15.7</td><td>40.7</td><td>77.9</td><td>87.6</td><td>72.0</td><td>80.7</td><td>77.0</td><td>76.2</td><td>76.7</td><td>71.5</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>70.5</td><td>173.5</td><td>109.3</td><td>104.4</td><td>109.5</td><td>124.4</td><td>111.2</td><td>109.3</td><td>110.4</td><td>107.0</td></tr><tr><td>Yugoslavia</td><td>4.8</td><td>1.3</td><td>2.0</td><td>.3</td><td>1.7</td><td>1.6</td><td>1.8</td><td>.2</td><td>.6</td><td>.7</td></tr><tr><td>Other Europe</td><td>6.8</td><td>4.5</td><td>6.4</td><td>6.3</td><td>9.3</td><td>8.2</td><td>5.7</td><td>5.8</td><td>4.8</td><td>3.9</td></tr><tr><td>Total Europe</td><td>235.9</td><td>402.5</td><td>423.2</td><td>567.5</td><td>667.8</td><td>661.1</td><td>653.4</td><td>675.1</td><td>675.1</td><td>646.3</td></tr><tr><td>Canada</td><td>56.4</td><td>75.6</td><td>143.7</td><td>157.3</td><td>110.6</td><td>177.0</td><td>147.4</td><td>150.0</td><td>148.5</td><td>154.3</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></tr><tr><td>Argentina</td><td>7.1</td><td>5.6</td><td>6.8</td><td>15.4</td><td>29.2</td><td>27.1</td><td>28.0</td><td>28.3</td><td>26.0</td><td>26.7</td></tr><tr><td>Bolivia</td><td>10.8</td><td>2.5</td><td>3.8</td><td>4.3</td><td>4.9</td><td>4.7</td><td>3.5</td><td>3.2</td><td>3.4</td><td>3.1</td></tr><tr><td>Brazil</td><td>125.1</td><td>273.5</td><td>68.7</td><td>72.1</td><td>123.1</td><td>111.5</td><td>96.2</td><td>99.5</td><td>111.1</td><td>141.0</td></tr><tr><td>Chile</td><td>22.6</td><td>14.1</td><td>13.7</td><td>16.2</td><td>28.0</td><td>37.8</td><td>39.6</td><td>35.8</td><td>46.3</td><td>41.2</td></tr><tr><td>Colombia</td><td>56.9</td><td>107.0</td><td>143.0</td><td>145.1</td><td>101.1</td><td>124.3</td><td>119.0</td><td>107.4</td><td>107.0</td><td>91.1</td></tr><tr><td>Cuba</td><td>51.2</td><td>70.7</td><td>91.9</td><td>89.8</td><td>84.8</td><td>81.8</td><td>106.0</td><td>113.1</td><td>129.5</td><td>110.8</td></tr><tr><td>Dominican Republic</td><td>1.9</td><td>2.6</td><td>5.4</td><td>6.8</td><td>17.4</td><td>20.1</td><td>17.9</td><td>16.7</td><td>16.9</td><td>15.6</td></tr><tr><td>Guyana</td><td>4.1</td><td>3.9</td><td>5.1</td><td>7.3</td><td>8.5</td><td>7.9</td><td>8.6</td><td>7.8</td><td>8.6</td><td>8.9</td></tr><tr><td>Mexico</td><td>92.9</td><td>115.7</td><td>133.7</td><td>212.9</td><td>245.8</td><td>246.4</td><td>221.1</td><td>239.1</td><td>228.8</td><td>227.5</td></tr><tr><td>Netherlands W. Indies</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Surinam</td><td>2.6</td><td>1.4</td><td>2.6</td><td>4.9</td><td>2.9</td><td>3.6</td><td>3.4</td><td>2.3</td><td>2.3</td><td>2.2</td></tr><tr><td>Panama, Republic of</td><td>4.6</td><td>8.8</td><td>16.6</td><td>12.2</td><td>16.1</td><td>15.9</td><td>17.5</td><td>17.3</td><td>19.3</td><td>20.4</td></tr><tr><td>Peru</td><td>20.2</td><td>16.2</td><td>29.4</td><td>34.7</td><td>32.7</td><td>33.9</td><td>35.0</td><td>35.5</td><td>34.7</td><td>33.7</td></tr><tr><td>El Salvador</td><td>8.2</td><td>10.0</td><td>8.1</td><td>10.9</td><td>6.4</td><td>7.9</td><td>8.8</td><td>8.4</td><td>9.4</td><td>7.5</td></tr><tr><td>Uruguay</td><td>3.7</td><td>6.9</td><td>18.1</td><td>14.9</td><td>38.9</td><td>37.7</td><td>40.4</td><td>41.7</td><td>51.9</td><td>52.9</td></tr><tr><td>Venezuela</td><td>41.6</td><td>62.7</td><td>104.8</td><td>143.9</td><td>151.6</td><td>133.8</td><td>159.4</td><td>174.9</td><td>169.6</td><td>162.0</td></tr><tr><td>Other Latin America</td><td>19.3</td><td>26.5</td><td>33.9</td><td>49.2</td><td>50.1</td><td>51.5</td><td>54.2</td><td>51.0</td><td>53.2</td><td>51.9</td></tr><tr><td>Total Latin America</td><td>472.7</td><td>728.1</td><td>705.6</td><td>840.4</td><td>941.5</td><td>965.8</td><td>958.5</td><td>983.8</td><td>1,017.9</td><td>996.5</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2.6</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><td>2.7</td></tr><tr><td>Hong Kong</td><td>3.1</td><td>3.4</td><td>3.3</td><td>3.8</td><td>9.4</td><td>7.2</td><td>7.9</td><td>6.9</td><td>7.8</td><td>6.7</td></tr><tr><td>India</td><td>3.7</td><td>4.9</td><td>5.4</td><td>5.7</td><td>8.6</td><td>7.9</td><td>7.4</td><td>5.6</td><td>7.0</td><td>6.9</td></tr><tr><td>Indonesia</td><td>.8</td><td>.7</td><td>.8</td><td>.3</td><td>.4</td><td>.3</td><td>.2</td><td>.2</td><td>.2</td><td>.3</td></tr><tr><td>Iran</td><td>13.8</td><td>15.8</td><td>18.0</td><td>20.1</td><td>24.4</td><td>24.1</td><td>23.7</td><td>21.7</td><td>23.5</td><td>26.0</td></tr><tr><td>Israel</td><td>22.9</td><td>10.7</td><td>10.4</td><td>16.4</td><td>23.2</td><td>25.6</td><td>25.2</td><td>23.6</td><td>22.5</td><td>21.0</td></tr><tr><td>Japan</td><td>25.6</td><td>50.0</td><td>102.9</td><td>170.2</td><td>188.1</td><td>174.4</td><td>150.5</td><td>145.1</td><td>151.8</td><td>147.4</td></tr><tr><td>Korea, Republic of</td><td>5.8</td><td>.2</td><td>1.0</td><td>.7</td><td>1.2</td><td>1.6</td><td>1.5</td><td>1.6</td><td>1.7</td><td>1.0</td></tr><tr><td>Philippines</td><td>5.5</td><td>7.3</td><td>18.8</td><td>15.6</td><td>50.8</td><td>51.2</td><td>55.8</td><td>52.9</td><td>53.8</td><td>57.6</td></tr><tr><td>Taiwan</td><td>5.5</td><td>5.4</td><td>5.5</td><td>5.5</td><td>5.6</td><td>5.5</td><td>5.5</td><td>5.7</td><td>5.6</td><td>5.5</td></tr><tr><td>Thailand</td><td>6.1</td><td>6.3</td><td>8.0</td><td>9.0</td><td>7.6</td><td>11.3</td><td>11.8</td><td>13.7</td><td>13.0</td><td>12.8</td></tr><tr><td>Other Asia</td><td>24.7</td><td>36.0</td><td>56.0</td><td>87.5</td><td>67.2</td><td>95.1</td><td>95.4</td><td>106.1</td><td>110.4</td><td>118.7</td></tr><tr><td>Total Asia</td><td>114.8</td><td>143.3</td><td>232.6</td><td>337.5</td><td>389.1</td><td>406.9</td><td>387.3</td><td>385.6</td><td>399.9</td><td>405.6</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>8.0</td><td>14.1</td><td>11.4</td><td>10.6</td><td>10.8</td><td>11.5</td><td>10.3</td><td>12.7</td><td>12.9</td><td>12.5</td></tr><tr><td>Belgian Congo</td><td>6.3</td><td>6.3</td><td>5.2</td><td>5.9</td><td>5.4</td><td>4.4</td><td>5.4</td><td>5.1</td><td>5.5</td><td>6.4</td></tr><tr><td>Egypt 2/</td><td>.5</td><td>1.0</td><td>1.5</td><td>2.0</td><td>1.1</td><td>1.0</td><td>1.0</td><td>1.0</td><td>.9</td><td>1.4</td></tr><tr><td>Union of South Africa</td><td>2.4</td><td>5.9</td><td>8.4</td><td>7.9</td><td>10.6</td><td>11.7</td><td>13.7</td><td>12.0</td><td>9.2</td><td>7.4</td></tr><tr><td>All other</td><td>7.8</td><td>9.6</td><td>17.0</td><td>16.7</td><td>24.1</td><td>19.7</td><td>18.8</td><td>18.9</td><td>16.9</td><td>15.8</td></tr><tr><td>Total other countries</td><td>24.9</td><td>37.0</td><td>43.5</td><td>43.0</td><td>52.1</td><td>48.3</td><td>49.3</td><td>49.7</td><td>45.5</td><td>43.5</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>904.5</td><td>1,386.5</td><td>1,548.5</td><td>1,945.7</td><td>2,161.0</td><td>2,299.1</td><td>2,195.8</td><td>2,244.2</td><td>2,287.0</td><td>2,246.2</td></tr></table>
1/ Not reported separately prior to March 1954.
2/ Part of United Arab Republic (including Egypt and Syria) since February 1958. Data on claims on Syria are not available
* Less than $50,000. p Preliminary.
May 1958
67
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>1953</th><th>1954</th><th>1955</th><th>1956</th><th>1957 p</th><th>September</th><th>October</th><th>November</th><th>December p</th><th>January p</th><th>February 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>1,813</td><td>4,060</td><td>-2,903</td><td>768</td><td>-6r</td><td>288</td><td>701</td><td>11</td><td>7</td><td>-695</td><td>-213</td></tr><tr><td>Belgium</td><td>-581</td><td>1,869</td><td>13,311</td><td>25,355</td><td>9,886</td><td>-464</td><td>105</td><td>1,099</td><td>-237</td><td>-450</td><td>838</td></tr><tr><td>Czechoslovakia</td><td>2</td><td>-22</td><td>-28</td><td>118</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-3</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>1,800</td><td>393</td><td>-98</td><td>-1,196</td><td>-702</td><td>-75</td><td>71</td><td>-1</td><td>59</td><td>36</td><td>758</td></tr><tr><td>Finland</td><td>963</td><td>1,582</td><td>1,923</td><td>-59</td><td>-37</td><td>-70</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>France</td><td>-41,668</td><td>16,992</td><td>-1,685</td><td>-120,633</td><td>9,512r</td><td>706</td><td>-1,256</td><td>521</td><td>91</td><td>-3,468</td><td>-4,921</td></tr><tr><td>Germany, Federal Republic of</td><td>183</td><td>-146</td><td>8,761</td><td>6,596</td><td>3,012r</td><td>179</td><td>762</td><td>367</td><td>232</td><td>135</td><td>1,280</td></tr><tr><td>Greece</td><td>-101</td><td>-21</td><td>-514</td><td>-571</td><td>61</td><td>392</td><td>116</td><td>11</td><td>-54</td><td>-23</td><td>-17</td></tr><tr><td>Italy</td><td>-461</td><td>-16</td><td>-6,894</td><td>422</td><td>863</td><td>2,546</td><td>-863</td><td>-232</td><td>-113</td><td>63</td><td>14</td></tr><tr><td>Netherlands</td><td>-21,319</td><td>-34,339</td><td>17,695</td><td>-42,427</td><td>39,416</td><td>-259</td><td>3,342</td><td>-103</td><td>471</td><td>-629</td><td>-3,680</td></tr><tr><td>Norway</td><td>-4,542</td><td>1,464</td><td>47,580</td><td>37,977</td><td>19,046</td><td>-259</td><td>3,342</td><td>-1,040</td><td>21,636</td><td>-27,675</td><td>4,572</td></tr><tr><td>Poland</td><td>41</td><td>-98</td><td>39</td><td>6</td><td>37</td><td>-259</td><td>-1</td><td>-</td><td>-38</td><td>-</td><td>4</td></tr><tr><td>Portugal</td><td>631</td><td>-9</td><td>2,261</td><td>1,603</td><td>4,494</td><td>431</td><td>559</td><td>234</td><td>373</td><td>-22</td><td>895</td></tr><tr><td>Romania</td><td>2</td><td>-89</td><td>-361</td><td>-</td><td>-14</td><td>-</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>-925</td><td>800</td><td>663</td><td>1,001</td><td>-651</td><td>246</td><td>-45</td><td>-28</td><td>22</td><td>101</td><td>107</td></tr><tr><td>Sweden</td><td>-521</td><td>-287</td><td>-1,004</td><td>-47</td><td>8,205</td><td>135</td><td>6,060</td><td>519</td><td>931</td><td>887</td><td>-1,929</td></tr><tr><td>Switzerland</td><td>57,086</td><td>73,402</td><td>147,847</td><td>233,939</td><td>98,289</td><td>-2,150</td><td>-20,773</td><td>10,998</td><td>2,508</td><td>-4,599</td><td>-7,510</td></tr><tr><td>Turkey</td><td>-45</td><td>1,416</td><td>346</td><td>-7</td><td>79</td><td>-28</td><td>10</td><td>26</td><td>26</td><td>-19</td><td>-27</td></tr><tr><td>U.S.S.R</td><td>-5</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>71,258</td><td>69,766</td><td>96,025</td><td>7,699</td><td>79,161r</td><td>-4,571</td><td>2,309</td><td>-1,959</td><td>14,931</td><td>34,187</td><td>9,999</td></tr><tr><td>Yugoslavia</td><td>-14</td><td>-184</td><td>-186</td><td>120</td><td>-165</td><td>-</td><td>-6</td><td>-</td><td>-</td><td>-17</td><td>1</td></tr><tr><td>Other Europe</td><td>-1,373</td><td>71</td><td>5,374</td><td>10,340</td><td>23,161r</td><td>1,014</td><td>1,091</td><td>1,356</td><td>1,879</td><td>-6,182</td><td>7,196</td></tr><tr><td>Total Europe</td><td>62,323</td><td>138,928</td><td>329,117</td><td>161,019</td><td>293,628r</td><td>-1,657</td><td>-8,040</td><td>12,062</td><td>42,723</td><td>-7,772</td><td>7,372</td></tr><tr><td>Canada</td><td>-120,617</td><td>-187,195</td><td>264,825</td><td>-123,507</td><td>-8,357r</td><td>-5,098</td><td>-12,980</td><td>6,914</td><td>698</td><td>-8,737</td><td>-28,690</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>1,138</td><td>-938</td><td>930</td><td>3,066</td><td>1,255</td><td>94</td><td>48</td><td>54</td><td>117</td><td>-43</td><td>252</td></tr><tr><td>Bolivia</td><td>119</td><td>202</td><td>106</td><td>492</td><td>448</td><td>-124</td><td>-36</td><td>-76</td><td>43</td><td>-1</td><td>-72</td></tr><tr><td>Brazil</td><td>638</td><td>413</td><td>1,110</td><td>1,832</td><td>869</td><td>-424</td><td>253</td><td>-39</td><td>-78</td><td>175</td><td>-158</td></tr><tr><td>Chile</td><td>1,115</td><td>1,979</td><td>3,782</td><td>2,260</td><td>963</td><td>-23</td><td>-112</td><td>153</td><td>111</td><td>302</td><td>21</td></tr><tr><td>Cuba</td><td>-1,519</td><td>-474</td><td>1,460</td><td>1,694</td><td>1,292</td><td>142</td><td>108</td><td>45</td><td>-27</td><td>26</td><td>-</td></tr><tr><td>Colombia</td><td>19,395</td><td>84,295</td><td>53,677</td><td>9,087</td><td>-8,738</td><td>251</td><td>1,143</td><td>515</td><td>-13,240</td><td>657</td><td>428</td></tr><tr><td>Dominican Republic</td><td>-1,029</td><td>269</td><td>-753</td><td>-20</td><td>2</td><td>-20</td><td>-10</td><td>2</td><td>16</td><td>28</td><td>13</td></tr><tr><td>Guatemala</td><td>-1,170</td><td>-1,267</td><td>-141</td><td>-29</td><td>408</td><td>385</td><td>-10</td><td>25</td><td>150</td><td>713</td><td>-57</td></tr><tr><td>Mexico</td><td>-886</td><td>624</td><td>2,128</td><td>4,723</td><td>2,028</td><td>-24</td><td>419</td><td>155</td><td>250</td><td>-</td><td>-</td></tr><tr><td>Netherlands W. Indies &</td><td>873</td><td>-3,137</td><td>1,190</td><td>3,903</td><td>4,585r</td><td>542</td><td>747</td><td>860</td><td>1,137</td><td>280</td><td>1,229</td></tr><tr><td>Surinam</td><td>-2,424</td><td>13,339</td><td>3,016</td><td>-1,789</td><td>524</td><td>-1,385</td><td>-2,130</td><td>340</td><td>1,551</td><td>1,304</td><td>-675</td></tr><tr><td>Panama, Republic of</td><td>664</td><td>-119</td><td>804</td><td>670</td><td>257</td><td>-41</td><td>171</td><td>-33</td><td>-59</td><td>-73</td><td>-16</td></tr><tr><td>Peru</td><td>21</td><td>-21</td><td>-151</td><td>-24</td><td>5</td><td>79</td><td>79</td><td>-27</td><td>-27</td><td>36</td><td>-</td></tr><tr><td>El Salvador</td><td>3,450</td><td>6,403</td><td>138</td><td>3,724</td><td>4,185</td><td>10</td><td>-40</td><td>-133</td><td>-391</td><td>-912</td><td>-644</td></tr><tr><td>Uruguay</td><td>1,443</td><td>3,649</td><td>669</td><td>3,769</td><td>1,483</td><td>758</td><td>866</td><td>507</td><td>103</td><td>-482</td><td>-430</td></tr><tr><td>Venezuela</td><td>3,041</td><td>8,025</td><td>7,445</td><td>-264</td><td>125</td><td>210</td><td>-279</td><td>1,123</td><td>-397</td><td>294</td><td>3,360</td></tr><tr><td>Other Latin America</td><td>24,899</td><td>113,179</td><td>76,166</td><td>33,859</td><td>8,892r</td><td>278</td><td>1,199</td><td>3,492</td><td>-10,888</td><td>2,664</td><td>3,277</td></tr><tr><td>Total Latin America</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>-153</td><td>-404</td><td>688</td><td>153</td><td>219</td><td>-</td><td>21</td><td>75</td><td>76</td><td>69</td><td>-25</td></tr><tr><td>Hong Kong</td><td>-1,432</td><td>5,393</td><td>5,300</td><td>5,524</td><td>-2,335r</td><td>239</td><td>-2,788</td><td>1,092</td><td>-273</td><td>82</td><td>-801</td></tr><tr><td>India</td><td>11</td><td>404</td><td>789</td><td>9</td><td>-453</td><td>-</td><td>7</td><td>-2</td><td>21</td><td>17</td><td>-47</td></tr><tr><td>Indonesia</td><td>-49</td><td>-748</td><td>15,140</td><td>-14,777</td><td>85</td><td>38</td><td>-4</td><td>9</td><td>-38</td><td>-24</td><td>19</td></tr><tr><td>Iran</td><td>-57</td><td>-41</td><td>20</td><td>117</td><td>94</td><td>29</td><td>-44</td><td>28</td><td>16</td><td>-14</td><td>28</td></tr><tr><td>Israel</td><td>-54</td><td>-550</td><td>-785</td><td>706</td><td>-181</td><td>15</td><td>-</td><td>-14</td><td>-266</td><td>23</td><td>172</td></tr><tr><td>Japan</td><td>343</td><td>1,063</td><td>1,751</td><td>1,096</td><td>-1,694</td><td>76</td><td>19</td><td>38</td><td>7</td><td>36</td><td>166</td></tr><tr><td>Korea, Republic of</td><td>1/</td><td>24</td><td>15</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>-179</td><td>-1,079</td><td>254</td><td>207</td><td>-756</td><td>38</td><td>-32</td><td>2</td><td>-121</td><td>-225</td><td>-86</td></tr><tr><td>Taiwan</td><td>893</td><td>-420</td><td>945</td><td>-438</td><td>-493</td><td>6</td><td>-</td><td>-146</td><td>8</td><td>-57</td><td>-11</td></tr><tr><td>Thailand</td><td>-180</td><td>-141</td><td>254</td><td>154</td><td>545</td><td>60</td><td>29</td><td>11</td><td>170</td><td>-</td><td>1</td></tr><tr><td>Other Asia</td><td>877</td><td>758</td><td>4,057</td><td>6,048</td><td>9,577r</td><td>152</td><td>829</td><td>326</td><td>548</td><td>443</td><td>444</td></tr><tr><td>Total Asia</td><td>70</td><td>3,451</td><td>29,121</td><td>-1,146</td><td>4,610r</td><td>654</td><td>-1,963</td><td>1,419</td><td>153</td><td>350</td><td>-146</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>99</td><td>168</td><td>349</td><td>191</td><td>-174</td><td>2</td><td>-64</td><td>-18</td><td>-33</td><td>8</td><td>18</td></tr><tr><td>Belgian Congo</td><td>14</td><td>-20</td><td>32</td><td>2</td><td>60</td><td>-12</td><td>-</td><td>1</td><td>68</td><td>-14</td><td>1</td></tr><tr><td>Egypt 2/</td><td>123</td><td>210</td><td>128</td><td>-213</td><td>77</td><td>5</td><td>2</td><td>-</td><td>18</td><td>4</td><td>-27</td></tr><tr><td>Union of South Africa</td><td>-903</td><td>541</td><td>521</td><td>287</td><td>412</td><td>61</td><td>21</td><td>-33</td><td>-6</td><td>-9</td><td>10</td></tr><tr><td>All other</td><td>-222</td><td>2,326</td><td>6,076</td><td>4,114</td><td>3,142</td><td>-4</td><td>1,186</td><td>-134</td><td>-226</td><td>-354</td><td>103</td></tr><tr><td>Total other countries</td><td>-889</td><td>3,225</td><td>6,564</td><td>4,381</td><td>3,553</td><td>52</td><td>1,145</td><td>-184</td><td>-179</td><td>-365</td><td>105</td></tr><tr><td>International</td><td>22,741</td><td>77,730</td><td>-20,261</td><td>81,745</td><td>-157,420</td><td>688</td><td>952</td><td>202</td><td>989</td><td>463</td><td>134,858</td></tr><tr><td>Grand total</td><td>-11,513</td><td>149,318</td><td>685,232</td><td>156,351</td><td>144,906r</td><td>-5,081</td><td>-19,684</td><td>23,909</td><td>33,496</td><td>-13,397</td><td>116,781</td></tr></table>
1/ Not reported separately prior to March 1954.
2/ Part of United Arab Republic (including Egypt and Syria) since February 1958. Data on transactions by Syria are not available
separately, but are included in "Other Asia." 
Preliminary. 
Revised.
Treasury Bulletin
68
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>1953</th><th>1954</th><th>1955</th><th>1956</th><th>1957 p</th><th>September</th><th>October</th><th>November</th><th>December p</th><th>January p</th><th>February 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><td></td></tr><tr><td>Austria</td><td>1,995</td><td>3,056</td><td>-587</td><td>-584</td><td>2,402</td><td>8</td><td>8</td><td>810</td><td>829</td><td>273</td><td>106</td></tr><tr><td>Belgium</td><td>1,489</td><td>7,214</td><td>-6,985</td><td>5,955</td><td>709</td><td>-15,163</td><td>2,272</td><td>975</td><td>5,215</td><td>781</td><td>7,096</td></tr><tr><td>Czechoslovakia</td><td>-11</td><td>-3</td><td>3,355</td><td>-13</td><td>3,387</td><td>120</td><td>1,302</td><td>80</td><td>22</td><td>83</td><td>72</td></tr><tr><td>Denmark</td><td>12,008</td><td>25,574</td><td>15,355</td><td>3,416</td><td>288</td><td>95</td><td>6</td><td>-</td><td>1</td><td>4</td><td>-</td></tr><tr><td>Finland</td><td>247</td><td>1,179</td><td>179</td><td>2,202</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>5,395</td><td>-4,670</td><td>5,401</td><td>16,725</td><td>17,617</td><td>-435</td><td>799</td><td>15</td><td>-922</td><td>-5,780</td><td>40,290</td></tr><tr><td>Germany, Federal Republic of</td><td>-162</td><td>1,280</td><td>4,662</td><td>19,000</td><td>203,837</td><td>316</td><td>75,414</td><td>519</td><td>535</td><td>150</td><td>887</td></tr><tr><td>Greece</td><td>50</td><td>1,351</td><td>60</td><td>2,458</td><td>889</td><td>20</td><td>3</td><td>1</td><td>2</td><td>-8</td><td>21</td></tr><tr><td>Italy</td><td>3,143</td><td>3,991</td><td>1,783</td><td>1,065</td><td>4,818</td><td>103</td><td>415</td><td>123</td><td>1,076</td><td>1,256</td><td>316</td></tr><tr><td>Netherlands</td><td>-6,991</td><td>-94,641</td><td>-24,279</td><td>-992</td><td>-8,544</td><td>-367</td><td>-329</td><td>2,838</td><td>-490</td><td>-17,665</td><td>-176,402</td></tr><tr><td>Norway</td><td>2,048</td><td>10,337</td><td>-20,090</td><td>-1,631</td><td>13,074</td><td>-222</td><td>-1,210</td><td>267</td><td>198</td><td>3,009</td><td>121</td></tr><tr><td>Poland</td><td>-17</td><td>-234</td><td>3</td><td>3</td><td>-4</td><td>-8</td><td>-26</td><td>52</td><td>-10</td><td>50</td><td>106</td></tr><tr><td>Portugal</td><td>266</td><td>44</td><td>284</td><td>447</td><td>358</td><td>-5</td><td>26</td><td>-2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rumania</td><td>-9</td><td>-7</td><td>-7</td><td>390</td><td>66</td><td>35</td><td>45</td><td>-46</td><td>5</td><td>22</td><td>-20</td></tr><tr><td>Spain</td><td>207</td><td>62</td><td>-289</td><td>390</td><td>66</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>282</td><td>-487</td><td>-1,332</td><td>495</td><td>519</td><td>216</td><td>1,222</td><td>110</td><td>31</td><td>-132</td><td>-13</td></tr><tr><td>Switzerland</td><td>37,304</td><td>33,620</td><td>14,233</td><td>19,594</td><td>27,929</td><td>7,838</td><td>2,013</td><td>2,736</td><td>1,353</td><td>5,890</td><td>28,101</td></tr><tr><td>Turkey</td><td>-16</td><td>-197</td><td>-85</td><td>-</td><td>17</td><td>-1</td><td>1</td><td>16</td><td>2</td><td>-</td><td>-4</td></tr><tr><td>U.S.S.R.</td><td>37,051</td><td>-9,463</td><td>-35,235</td><td>-59,218</td><td>3,677</td><td>-873</td><td>5,089</td><td>3,599</td><td>1,874</td><td>2,331</td><td>104</td></tr><tr><td>United Kingdom</td><td>-1</td><td>121</td><td>-5</td><td>-250</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>8</td></tr><tr><td>Yugoslavia</td><td>1,131</td><td>2,807</td><td>1,642</td><td>-648</td><td>-35,745</td><td>-764</td><td>-21</td><td>-2,907</td><td>-30</td><td>74</td><td>10,247</td></tr><tr><td>Other Europe</td><td>96,259</td><td>-9,119</td><td>-45,523</td><td>8,414</td><td>235,219</td><td>-9,082</td><td>85,711</td><td>9,188</td><td>9,987</td><td>-9,745</td><td>-88,454</td></tr><tr><td>Total Europe</td><td>-137,761</td><td>-133,174</td><td>74,154</td><td>-447,162</td><td>-553,367</td><td>-30,102</td><td>12,714</td><td>3,518</td><td>-17,791</td><td>-3,747</td><td>-93,790</td></tr><tr><td>Canada</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>501</td><td>-292</td><td>-1,558</td><td>-114</td><td>-370</td><td>20</td><td>-17</td><td>108</td><td>62</td><td>43</td><td>133</td></tr><tr><td>Bolivia</td><td>54</td><td>77</td><td>113</td><td>21</td><td>292</td><td>-13</td><td>-6</td><td>27</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Brazil</td><td>7,189</td><td>5,540</td><td>5,753</td><td>6,262</td><td>8,697</td><td>306</td><td>793</td><td>519</td><td>1,496</td><td>-155</td><td>283</td></tr><tr><td>Chile</td><td>1,362</td><td>51</td><td>3,521</td><td>-62</td><td>913</td><td>478</td><td>92</td><td>182</td><td>29</td><td>257</td><td>103</td></tr><tr><td>Colombia</td><td>1,245</td><td>-323</td><td>1,058</td><td>1,961</td><td>3,339</td><td>149</td><td>256</td><td>173</td><td>399</td><td>709</td><td>14</td></tr><tr><td>Cuba</td><td>3,089</td><td>5,311</td><td>6,469</td><td>2,868</td><td>806</td><td>332</td><td>267</td><td>170</td><td>-166</td><td>119</td><td>-782</td></tr><tr><td>Dominican Republic</td><td>-1,007</td><td>211</td><td>523</td><td>-150</td><td>-14</td><td>-64</td><td>-251</td><td>-2</td><td>5</td><td>10</td><td>-</td></tr><tr><td>Guatemala</td><td>127</td><td>-351</td><td>228</td><td>-68</td><td>14</td><td>-9</td><td>-2</td><td>-3</td><td>44</td><td>-1</td><td>1</td></tr><tr><td>Mexico</td><td>5,354</td><td>6,031</td><td>9,074</td><td>8,067</td><td>13,488</td><td>598</td><td>487</td><td>368</td><td>44</td><td>2,322</td><td>330</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>515</td><td>435</td><td>237</td><td>3,356</td><td>176</td><td>26</td><td>56</td><td>223</td><td>171</td><td>610</td><td>74</td></tr><tr><td>Panama, Republic of</td><td>5,065</td><td>1,322</td><td>-1,186</td><td>2,875</td><td>106</td><td>-255</td><td>-705</td><td>466</td><td>-252</td><td>794</td><td>154</td></tr><tr><td>Peru</td><td>340</td><td>129</td><td>394</td><td>-974</td><td>-2,310</td><td>-11</td><td>69</td><td>-2,325</td><td>-49</td><td>-66</td><td>356</td></tr><tr><td>El Salvador</td><td>2,137</td><td>2,753</td><td>487</td><td>9</td><td>-72</td><td>-5</td><td>1</td><td>-</td><td>-2</td><td>-135</td><td>-18</td></tr><tr><td>Uruguay</td><td>1,633</td><td>-430</td><td>1,798</td><td>580</td><td>-1,642</td><td>141</td><td>-70</td><td>-587</td><td>-229</td><td>-203</td><td>171</td></tr><tr><td>Venezuela</td><td>496</td><td>117</td><td>-1,871</td><td>-2,055</td><td>-8,045</td><td>171</td><td>7</td><td>-3,045</td><td>-4,769</td><td>-142</td><td>131</td></tr><tr><td>Other Latin America</td><td>6,299</td><td>12,179</td><td>-861</td><td>-5,554</td><td>95</td><td>-71</td><td>155</td><td>44</td><td>186</td><td>133</td><td>379</td></tr><tr><td>Total Latin America</td><td>34,599</td><td>32,760</td><td>23,506</td><td>17,184</td><td>15,109</td><td>1,793</td><td>1,082</td><td>-3,680</td><td>-3,070</td><td>4,297</td><td>1,321</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>353</td><td>22</td><td>56</td><td>70</td><td>-103</td><td>-</td><td>-136</td><td>-31</td><td>20</td><td>2</td><td>2</td></tr><tr><td>Hong Kong</td><td>2,358</td><td>2,159</td><td>5,129</td><td>3,205</td><td>14,490</td><td>2,734</td><td>4,995</td><td>1,860</td><td>1,707</td><td>1,732</td><td>3,337</td></tr><tr><td>India</td><td>140</td><td>-104</td><td>436</td><td>-331</td><td>-72</td><td>-20</td><td>7</td><td>-</td><td>46</td><td>6</td><td>-18</td></tr><tr><td>Indonesia</td><td>136</td><td>139</td><td>184</td><td>143</td><td>72</td><td>4</td><td>7</td><td>-1</td><td>11</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>25</td><td>-14</td><td>129</td><td>19</td><td>-5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>-18,172</td><td>-39,992</td><td>-41,736</td><td>-53,088</td><td>-50,564</td><td>-1,886</td><td>-3,697</td><td>-5,541</td><td>-7,288</td><td>-6,508</td><td>-2,876</td></tr><tr><td>Japan</td><td>4,038</td><td>6,232</td><td>601</td><td>-54</td><td>677</td><td>-16</td><td>109</td><td>147</td><td>62</td><td>5</td><td>52</td></tr><tr><td>Korea, Republic of</td><td>1/</td><td>-1/</td><td>-1</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>281</td><td>-133</td><td>-1,949</td><td>245</td><td>659</td><td>7</td><td>6</td><td>39</td><td>-2</td><td>-16</td><td>58</td></tr><tr><td>Taiwan</td><td>1</td><td>220</td><td>358</td><td>450</td><td>-25</td><td>-17</td><td>-</td><td>-</td><td>-</td><td>-14</td><td>-11</td></tr><tr><td>Thailand</td><td>434</td><td>-2,387</td><td>-697</td><td>1,108</td><td>-525</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-899</td></tr><tr><td>Other Asia</td><td>501</td><td>-211</td><td>-11,272</td><td>8,071</td><td>-9,874</td><td>-2,204</td><td>-4,866</td><td>-1,812</td><td>-1,774</td><td>-528</td><td>-3,096</td></tr><tr><td>Total Asia</td><td>-29,905</td><td>-34,149</td><td>-48,725</td><td>-39,962</td><td>-45,188</td><td>-797</td><td>-3,582</td><td>-5,331</td><td>-7,214</td><td>-5,333</td><td>-3,157</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>25,959</td><td>11,042</td><td>14,850</td><td>-23,709</td><td>6,051</td><td>25</td><td>-14</td><td>23</td><td>329</td><td>143</td><td>1,575</td></tr><tr><td>Belgian Congo</td><td>-11</td><td>3</td><td>6</td><td>8</td><td>283</td><td>10</td><td>-2</td><td>-</td><td>3</td><td>-3</td><td>1</td></tr><tr><td>Egypt 2/</td><td>16</td><td>60</td><td>-19</td><td>-1</td><td>-308</td><td>-271</td><td>-2</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>-5,107</td><td>-5,647</td><td>-21,706</td><td>1,659</td><td>5,333</td><td>-338</td><td>93</td><td>47</td><td>179</td><td>-14,043</td><td>118</td></tr><tr><td>All other</td><td>4,996</td><td>1,727</td><td>-343</td><td>6,805</td><td>1,221</td><td>-29</td><td>-21</td><td>189</td><td>92</td><td>-883</td><td>-73</td></tr><tr><td>Total other countries</td><td>25,813</td><td>7,810</td><td>-7,302</td><td>-16,248</td><td>12,880</td><td>-603</td><td>46</td><td>259</td><td>563</td><td>-14,784</td><td>2,041</td></tr><tr><td>International</td><td>-61,236</td><td>-163,806</td><td>-26,534</td><td>-33,130</td><td>-383,783</td><td>2,201</td><td>-77,364</td><td>-52,663</td><td>234</td><td>-135,280</td><td>-12,428</td></tr><tr><td>Grand total</td><td>-72,231</td><td>-300,388</td><td>-30,424</td><td>-511,084</td><td>-719,130</td><td>-36,590</td><td>18,507</td><td>-48,709</td><td>-17,291</td><td>-164,572</td><td>-194,467</td></tr></table>
1/ Not reported separately prior to March 1954.
2/ Part of United Arab Republic (including Egypt and Syria) since February 1958. Data on transactions by Syria are not available
separately, but are included in "Other Asia." Preliminary. Revised.
May 1958
69
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of March 31, 1958
(Position in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="4">To foreign banks and official institutions</th><th colspan="4">To all other foreigners</th><th>Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th></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>355,254</td><td>352,806</td><td>344,255</td><td>15</td><td>8,536</td><td>2,395</td><td>2,214</td><td>-</td><td>181</td><td>53</td></tr><tr><td>Belgium</td><td>109,847</td><td>63,352</td><td>43,663</td><td>878</td><td>18,811</td><td>46,080</td><td>35,312</td><td>649</td><td>10,119</td><td>415</td></tr><tr><td>Czechoslovakia</td><td>5,336</td><td>317</td><td>303</td><td>-</td><td>14</td><td>218</td><td>218</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Denmark</td><td>130,699</td><td>116,769</td><td>58,570</td><td>94,500</td><td>3,699</td><td>13,881</td><td>12,671</td><td>357</td><td>853</td><td>45</td></tr><tr><td>Finland</td><td>61,252</td><td>59,392</td><td>15,101</td><td>31,000</td><td>13,291</td><td>1,860</td><td>1,860</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>301,420</td><td>236,887</td><td>208,130</td><td>1,893</td><td>26,864</td><td>63,497</td><td>56,050</td><td>3,288</td><td>4,219</td><td>1,036</td></tr><tr><td>Germany, Federal Republic of</td><td>1,508,349</td><td>1,476,530</td><td>277,997</td><td>997,504</td><td>237,059</td><td>16,261</td><td>13,932</td><td>1,959</td><td>370</td><td>19,558</td></tr><tr><td>Greece</td><td>154,145</td><td>142,224</td><td>114,738</td><td>9,000</td><td>18,486</td><td>11,920</td><td>11,499</td><td>420</td><td>1</td><td>1</td></tr><tr><td>Italy</td><td>1,066,104</td><td>1,026,358</td><td>122,687</td><td>735,589</td><td>168,082</td><td>39,724</td><td>23,144</td><td>8,253</td><td>8,327</td><td>22</td></tr><tr><td>Netherlands</td><td>323,074</td><td>295,941</td><td>105,143</td><td>177,271</td><td>13,587</td><td>27,118</td><td>20,061</td><td>5,036</td><td>2,021</td><td>15</td></tr><tr><td>Norway</td><td>107,333</td><td>61,239</td><td>58,603</td><td>417</td><td>2,219</td><td>46,020</td><td>40,241</td><td>1,859</td><td>3,920</td><td>76</td></tr><tr><td>Poland</td><td>4,446</td><td>4,114</td><td>3,645</td><td>-</td><td>469</td><td>332</td><td>332</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>155,141</td><td>120,104</td><td>117,052</td><td>-</td><td>3,052</td><td>35,034</td><td>34,265</td><td>500</td><td>269</td><td>3</td></tr><tr><td>Romania</td><td>793</td><td>351</td><td>349</td><td>-</td><td>2</td><td>442</td><td>442</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>28,464</td><td>14,346</td><td>13,675</td><td>-</td><td>673</td><td>14,072</td><td>13,808</td><td>46</td><td>218</td><td>44</td></tr><tr><td>Sweden</td><td>258,447</td><td>251,306</td><td>56,328</td><td>131,580</td><td>63,398</td><td>6,998</td><td>6,682</td><td>316</td><td>-</td><td>143</td></tr><tr><td>Switzerland</td><td>916,452</td><td>758,416</td><td>400,572</td><td>136,975</td><td>220,869</td><td>155,618</td><td>111,564</td><td>8,448</td><td>35,605</td><td>4,418</td></tr><tr><td>Turkey</td><td>12,173</td><td>10,368</td><td>9,769</td><td>-</td><td>599</td><td>2,297</td><td>2,170</td><td>-</td><td>127</td><td>108</td></tr><tr><td>U.S.S.R.</td><td>824</td><td>521</td><td>521</td><td>-</td><td>597</td><td>627</td><td>297</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>1,260,086</td><td>916,869</td><td>299,438</td><td>591,432</td><td>25,999</td><td>308,792</td><td>144,434</td><td>129,559</td><td>34,759</td><td>34,465</td></tr><tr><td>Yugoslavia</td><td>7,399</td><td>7,054</td><td>7,008</td><td>-</td><td>46</td><td>345</td><td>345</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Other Europe</td><td>552,406</td><td>523,226</td><td>116,996</td><td>250,943</td><td>155,327</td><td>29,179</td><td>25,751</td><td>3,017</td><td>411</td><td>1</td></tr><tr><td>Total Europe</td><td>7,317,250</td><td>6,434,498</td><td>2,374,463</td><td>3,078,997</td><td>981,038</td><td>822,340</td><td>557,292</td><td>163,647</td><td>101,401</td><td>60,402</td></tr><tr><td>Canada</td><td>1,627,113</td><td>1,379,104</td><td>953,475</td><td>392,884</td><td>32,745</td><td>243,089</td><td>192,674</td><td>27,250</td><td>23,165</td><td>4,920</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>144,328</td><td>93,041</td><td>92,593</td><td>-</td><td>448</td><td>51,250</td><td>50,448</td><td>92</td><td>710</td><td>37</td></tr><tr><td>Bolivia</td><td>23,020</td><td>7,284</td><td>7,284</td><td>-</td><td>10</td><td>15,726</td><td>15,598</td><td>-</td><td>128</td><td>-</td></tr><tr><td>Brazil</td><td>116,203</td><td>33,696</td><td>29,489</td><td>250</td><td>3,957</td><td>82,465</td><td>76,891</td><td>113</td><td>5,451</td><td>42</td></tr><tr><td>Chile</td><td>76,944</td><td>20,735</td><td>20,116</td><td>-</td><td>619</td><td>55,209</td><td>55,304</td><td>217</td><td>688</td><td>-</td></tr><tr><td>Colombia</td><td>135,357</td><td>77,162</td><td>72,903</td><td>-</td><td>4,259</td><td>58,195</td><td>57,528</td><td>75</td><td>538</td><td>10</td></tr><tr><td>Cuba</td><td>244,010</td><td>136,010</td><td>134,807</td><td>-</td><td>3,203</td><td>106,000</td><td>103,666</td><td>893</td><td>1,441</td><td>-</td></tr><tr><td>Dominican Republic</td><td>48,127</td><td>28,610</td><td>28,900</td><td>-</td><td>127</td><td>19,497</td><td>19,286</td><td>35</td><td>180</td><td>10</td></tr><tr><td>Guatemala</td><td>65,840</td><td>48,884</td><td>20,036</td><td>23,000</td><td>5,024</td><td>16,296</td><td>16,296</td><td>-</td><td>10</td><td>-</td></tr><tr><td>Mexico</td><td>364,078</td><td>256,678</td><td>239,686</td><td>15,100</td><td>1,892</td><td>107,168</td><td>100,135</td><td>175</td><td>798</td><td>232</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>66,096</td><td>42,054</td><td>19,011</td><td>4,000</td><td>19,043</td><td>28,042</td><td>13,767</td><td>1,975</td><td>8,300</td><td>-</td></tr><tr><td>Panama, Republic of</td><td>143,844</td><td>16,312</td><td>16,006</td><td>305</td><td>1</td><td>127,532</td><td>89,769</td><td>4,957</td><td>32,806</td><td>19</td></tr><tr><td>Peru</td><td>62,163</td><td>20,313</td><td>20,166</td><td>-</td><td>147</td><td>41,831</td><td>37,609</td><td>128</td><td>4,094</td><td>19</td></tr><tr><td>El Salvador</td><td>31,433</td><td>15,946</td><td>7,238</td><td>-</td><td>8,708</td><td>15,487</td><td>15,438</td><td>-</td><td>49</td><td>-</td></tr><tr><td>Uruguay</td><td>85,560</td><td>46,789</td><td>43,362</td><td>5</td><td>3,422</td><td>38,763</td><td>28,708</td><td>3,169</td><td>6,886</td><td>8</td></tr><tr><td>Venezuela</td><td>708,879</td><td>574,952</td><td>574,345</td><td>-</td><td>507</td><td>133,305</td><td>130,450</td><td>2,605</td><td>250</td><td>682</td></tr><tr><td>Other Latin America</td><td>151,995</td><td>91,457</td><td>77,145</td><td>7,000</td><td>7,332</td><td>59,563</td><td>56,577</td><td>2,393</td><td>593</td><td>975</td></tr><tr><td>Total Latin America</td><td>2,467,887</td><td>1,511,953</td><td>1,403,514</td><td>49,660</td><td>58,779</td><td>953,989</td><td>874,230</td><td>16,827</td><td>62,932</td><td>1,945</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>36,193</td><td>29,425</td><td>28,833</td><td>342</td><td>250</td><td>6,768</td><td>6,768</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>67,757</td><td>38,727</td><td>33,931</td><td>1,400</td><td>3,396</td><td>28,968</td><td>28,111</td><td>25</td><td>832</td><td>62</td></tr><tr><td>India</td><td>79,141</td><td>62,436</td><td>60,534</td><td>-</td><td>1,902</td><td>15,836</td><td>15,836</td><td>-</td><td>-</td><td>869</td></tr><tr><td>Indonesia</td><td>89,398</td><td>87,427</td><td>74,790</td><td>12,460</td><td>177</td><td>1,971</td><td>1,971</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>52,206</td><td>48,876</td><td>48,850</td><td>-</td><td>26</td><td>3,330</td><td>3,330</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>48,462</td><td>46,009</td><td>30,068</td><td>2,300</td><td>13,641</td><td>2,453</td><td>2,452</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>697,527</td><td>679,328</td><td>469,945</td><td>159,722</td><td>29,661</td><td>18,199</td><td>17,667</td><td>8</td><td>524</td><td>-</td></tr><tr><td>Korea, Republic of</td><td>121,268</td><td>119,387</td><td>117,881</td><td>1,000</td><td>506</td><td>1,881</td><td>1,881</td><td>-</td><td>-</td><td>67</td></tr><tr><td>Philippines</td><td>187,083</td><td>164,592</td><td>137,533</td><td>10,075</td><td>16,982</td><td>23,224</td><td>22,979</td><td>180</td><td>65</td><td>-</td></tr><tr><td>Taiwan</td><td>91,912</td><td>85,744</td><td>81,313</td><td>3,530</td><td>901</td><td>6,168</td><td>5,803</td><td>350</td><td>15</td><td>-</td></tr><tr><td>Thailand</td><td>126,554</td><td>126,998</td><td>51,819</td><td>75,800</td><td>25,379</td><td>3,556</td><td>3,545</td><td>2</td><td>9</td><td>4,73</td></tr><tr><td>Other Asia</td><td>359,574</td><td>330,867</td><td>280,739</td><td>35,259</td><td>14,869</td><td>28,234</td><td>28,092</td><td>-</td><td>142</td><td>-</td></tr><tr><td>Total Asia</td><td>1,987,875</td><td>1,845,816</td><td>1,436,338</td><td>301,888</td><td>107,690</td><td>140,588</td><td>138,435</td><td>565</td><td>1,588</td><td>1,471</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>82,434</td><td>78,238</td><td>42,086</td><td>33,700</td><td>2,458</td><td>3,691</td><td>3,634</td><td>57</td><td>-</td><td>509</td></tr><tr><td>Belgian Congo</td><td>45,808</td><td>45,177</td><td>26,729</td><td>11,070</td><td>7,168</td><td>631</td><td>631</td><td>-</td><td>-</td><td>66</td></tr><tr><td>Egypt</td><td>42,246</td><td>40,779</td><td>17,582</td><td>23,000</td><td>197</td><td>1,405</td><td>1,405</td><td>200</td><td>-</td><td>198</td></tr><tr><td>Union of South Africa</td><td>38,499</td><td>35,783</td><td>20,882</td><td>11,100</td><td>3,801</td><td>2,514</td><td>2,506</td><td>8</td><td>-</td><td>830</td></tr><tr><td>All other</td><td>155,836</td><td>124,829</td><td>108,976</td><td>1,700</td><td>14,153</td><td>30,177</td><td>25,206</td><td>411</td><td>4,560</td><td>-</td></tr><tr><td>Total other countries</td><td>364,819</td><td>324,806</td><td>216,245</td><td>80,570</td><td>27,991</td><td>38,418</td><td>33,182</td><td>668</td><td>4,568</td><td>1,595</td></tr><tr><td>International</td><td>1,373,726</td><td>1,373,646</td><td>224,796</td><td>1,148,850</td><td>-</td><td>80</td><td>80</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>15,135,560</td><td>12,869,823</td><td>6,608,731</td><td>5,052,849</td><td>1,208,543</td><td>2,198,504</td><td>1,795,813</td><td>209,037</td><td>193,654</td><td>70,333</td></tr></table>
Part of United Arab Republic (including Egypt and Syria) since February 1958. Data on liabilities to Syria are reported annually and appear in Section IV, Table 5, in the April issue of the "Treasury Bulletin."
70
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of February 28, 195
(Position in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term claims</th><th colspan="3">Loans to:</th><th>Collection outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of reporting banks and domestic customers with foreigners</th><th>Other</th></tr><tr><th></th><th></th><th>Total</th><th>Foreign banks and official institutions</th><th>Others</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>8,644</td><td>8,641</td><td>555</td><td>2</td><td>1,456</td><td>5,628</td><td>3</td><td>3</td><td>7</td></tr><tr><td>Belgium</td><td>34,494</td><td>34,407</td><td>799</td><td>15,186</td><td>8,344</td><td>10,078</td><td>447</td><td>440</td><td>7</td></tr><tr><td>Czechoslovakia</td><td>8</td><td>8</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>8,890</td><td>8,773</td><td>119</td><td>37</td><td>3,116</td><td>5,501</td><td>117</td><td>117</td><td>-</td></tr><tr><td>Finland</td><td>3,456</td><td>3,451</td><td>242</td><td>75</td><td>999</td><td>2,145</td><td>3</td><td>3</td><td>-</td></tr><tr><td>France</td><td>97,652</td><td>96,678</td><td>2,061</td><td>3,018</td><td>7,944</td><td>83,655</td><td>974</td><td>466</td><td>508</td></tr><tr><td>Germany, Federal Republic of</td><td>125,556</td><td>115,835</td><td>11,703</td><td>3,285</td><td>17,700</td><td>83,148</td><td>9,721</td><td>9,514</td><td>207</td></tr><tr><td>Greece</td><td>6,220</td><td>6,219</td><td>682</td><td>4,334</td><td>8,339</td><td>18,216</td><td>293</td><td>234</td><td>59</td></tr><tr><td>Italy</td><td>53,105</td><td>52,812</td><td>21,179</td><td>4,133</td><td>8,994</td><td>2,597</td><td>806</td><td>733</td><td>73</td></tr><tr><td>Netherlands</td><td>27,203</td><td>26,397</td><td>2,380</td><td>10,033</td><td>11,387</td><td>2,597</td><td>806</td><td>733</td><td>73</td></tr><tr><td>Norway</td><td>24,678</td><td>24,552</td><td>226</td><td>9,831</td><td>1,959</td><td>12,536</td><td>126</td><td>126</td><td>-</td></tr><tr><td>Poland</td><td>4,474</td><td>4,474</td><td>44</td><td>993</td><td>3,145</td><td>292</td><td>49</td><td>49</td><td>-</td></tr><tr><td>Portugal</td><td>1,844</td><td>1,795</td><td>45</td><td>97</td><td>1,577</td><td>76</td><td>49</td><td>49</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>26,002</td><td>25,377</td><td>10,141</td><td>895</td><td>332</td><td>14,009</td><td>625</td><td>614</td><td>11</td></tr><tr><td>Sveden</td><td>10,852</td><td>10,569</td><td>414</td><td>33</td><td>4,839</td><td>5,283</td><td>283</td><td>281</td><td>2</td></tr><tr><td>Switzerland</td><td>29,790</td><td>23,994</td><td>8,300</td><td>9,841</td><td>4,279</td><td>1,534</td><td>5,816</td><td>5,693</td><td>143</td></tr><tr><td>Turkey</td><td>71,457</td><td>71,452</td><td>67,703</td><td>52</td><td>3,697</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>106,988</td><td>41,180</td><td>21,743</td><td>1,616</td><td>14,332</td><td>3,489</td><td>65,808</td><td>57,757</td><td>8,051</td></tr><tr><td>United Kingdom</td><td>655</td><td>616</td><td>315</td><td>1</td><td>183</td><td>117</td><td>39</td><td>39</td><td>-</td></tr><tr><td>Yugoslavia</td><td>3,913</td><td>3,731</td><td>831</td><td>1,609</td><td>987</td><td>304</td><td>182</td><td>175</td><td>7</td></tr><tr><td>Other Europe</td><td>646,251</td><td>560,933</td><td>149,681</td><td>60,867</td><td>99,663</td><td>250,722</td><td>85,318</td><td>76,249</td><td>9,069</td></tr><tr><td>Total Europe</td><td>154,260</td><td>124,406</td><td>28,814</td><td>73,215</td><td>6,537</td><td>15,840</td><td>29,854</td><td>27,595</td><td>2,259</td></tr><tr><td>Latin America</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>26,689</td><td>26,659</td><td>9,454</td><td>2,621</td><td>9,654</td><td>4,920</td><td>30</td><td>30</td><td>-</td></tr><tr><td>Bolivia</td><td>3,057</td><td>3,057</td><td>50</td><td>99</td><td>2,856</td><td>52</td><td>62</td><td>62</td><td>336</td></tr><tr><td>Brazil</td><td>140,994</td><td>140,556</td><td>31,160</td><td>13,668</td><td>26,781</td><td>68,447</td><td>398</td><td>-</td><td>-</td></tr><tr><td>Chile</td><td>41,168</td><td>41,168</td><td>16,091</td><td>7,825</td><td>8,662</td><td>8,988</td><td>7</td><td>4</td><td>3</td></tr><tr><td>Colombia</td><td>91,123</td><td>91,116</td><td>12,603</td><td>7,156</td><td>26,378</td><td>44,979</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>110,844</td><td>110,591</td><td>69,423</td><td>16,079</td><td>15,254</td><td>9,819</td><td>253</td><td>225</td><td>28</td></tr><tr><td>Dominican Republic</td><td>15,634</td><td>15,632</td><td>1,713</td><td>417</td><td>2,413</td><td>11,089</td><td>2</td><td>2</td><td>4</td></tr><tr><td>Gustatemala</td><td>8,931</td><td>8,927</td><td>65</td><td>995</td><td>6,594</td><td>1,273</td><td>4</td><td>-</td><td>4</td></tr><tr><td>Mexico</td><td>227,529</td><td>225,013</td><td>46,084</td><td>43,597</td><td>23,593</td><td>111,739</td><td>2,516</td><td>1,745</td><td>771</td></tr><tr><td>Netherlands West Indies & Surinam</td><td>2,242</td><td>2,242</td><td>16</td><td>762</td><td>1,438</td><td>26</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Panama, Republic of</td><td>20,353</td><td>20,352</td><td>-</td><td>16,115</td><td>3,114</td><td>1,123</td><td>42</td><td>41</td><td>1</td></tr><tr><td>Persia</td><td>33,659</td><td>33,617</td><td>6,546</td><td>4,404</td><td>17,503</td><td>5,064</td><td>11</td><td>11</td><td>3</td></tr><tr><td>El Salvador</td><td>7,464</td><td>7,464</td><td>219</td><td>529</td><td>2,824</td><td>3,82</td><td>11</td><td>11</td><td>3</td></tr><tr><td>Uruguay</td><td>52,938</td><td>52,924</td><td>15,289</td><td>4,401</td><td>1,633</td><td>31,601</td><td>1,245</td><td>1,245</td><td>865</td></tr><tr><td>Venezuela</td><td>162,005</td><td>159,895</td><td>17,528</td><td>44,573</td><td>56,441</td><td>41,348</td><td>2,110</td><td>1,245</td><td>9</td></tr><tr><td>Other Latin America</td><td>51,891</td><td>51,836</td><td>2,355</td><td>18,809</td><td>22,902</td><td>7,870</td><td>55</td><td>46</td><td>9</td></tr><tr><td>Total Latin America</td><td>996,461</td><td>991,049</td><td>228,698</td><td>182,055</td><td>227,950</td><td>352,346</td><td>5,432</td><td>3,411</td><td>2,021</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>2,719</td><td>2,719</td><td>2,548</td><td>151</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>6,606</td><td>6,663</td><td>2,369</td><td>1,440</td><td>2,806</td><td>48</td><td>23</td><td>23</td><td>-</td></tr><tr><td>India</td><td>6,931</td><td>6,694</td><td>327</td><td>103</td><td>5,532</td><td>735</td><td>237</td><td>234</td><td>3</td></tr><tr><td>Indonesia</td><td>290</td><td>289</td><td>-</td><td>-</td><td>289</td><td>-</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Iran</td><td>25,991</td><td>25,908</td><td>288</td><td>53</td><td>25,538</td><td>29</td><td>83</td><td>-</td><td>83</td></tr><tr><td>Israel</td><td>20,992</td><td>20,974</td><td>3,676</td><td>1,587</td><td>1,496</td><td>14,215</td><td>18</td><td>-</td><td>18</td></tr><tr><td>Japan</td><td>147,373</td><td>147,371</td><td>19,298</td><td>7,910</td><td>17,719</td><td>102,444</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Korea, Republic of</td><td>3,983</td><td>3,983</td><td>183</td><td>7,910</td><td>3,800</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>57,625</td><td>57,608</td><td>56,773</td><td>20</td><td>472</td><td>343</td><td>17</td><td>9</td><td>8</td></tr><tr><td>Taiwan</td><td>5,507</td><td>5,507</td><td>5,410</td><td>1</td><td>92</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>12,847</td><td>12,847</td><td>8,840</td><td>5</td><td>1,916</td><td>2,086</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>114,705</td><td>113,601</td><td>99,538</td><td>374</td><td>11,705</td><td>1,984</td><td>1,104</td><td>1,066</td><td>38</td></tr><tr><td>Total Asia</td><td>405,649</td><td>404,154</td><td>199,250</td><td>11,644</td><td>71,385</td><td>121,885</td><td>1,485</td><td>1,334</td><td>151</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>12,508</td><td>11,620</td><td>1,172</td><td>13</td><td>4,601</td><td>5,834</td><td>888</td><td>391</td><td>497</td></tr><tr><td>Belgian Congo</td><td>6,411</td><td>6,407</td><td>20</td><td>-</td><td>6,305</td><td>82</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Egypt &</td><td>1,361</td><td>1,288</td><td>252</td><td>505</td><td>531</td><td>73</td><td>34</td><td>34</td><td>39</td></tr><tr><td>Union of South Africa</td><td>7,418</td><td>7,098</td><td>40</td><td>403</td><td>6,187</td><td>508</td><td>320</td><td>281</td><td>79</td></tr><tr><td>All other</td><td>15,384</td><td>14,985</td><td>1,131</td><td>4,318</td><td>8,471</td><td>925</td><td>999</td><td>214</td><td>785</td></tr><tr><td>Total other countries</td><td>43,542</td><td>41,258</td><td>2,615</td><td>5,239</td><td>26,055</td><td>7,349</td><td>2,284</td><td>884</td><td>1,400</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Grand total</td><td>2,246,183</td><td>2,121,810</td><td>609,058</td><td>333,020</td><td>431,590</td><td>748,142</td><td>124,373</td><td>109,473</td><td>14,900</td></tr></table>
Part of United Arab Republic (including Egypt and Syria) since February 1958. Data on claims on Syria are not available
separately, but are included in "Other Asia."
May 1958
71
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during February 1958
(In thousands of dollars)
<table><tr><th rowspan="2">Country</th><th colspan="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th>Total purchases</th><th colspan="2">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="2">Domestic securities</th><th colspan="2">Foreign securities</th></tr><tr><th></th><th></th><th>U.S. Government bonds and notes</th><th>Bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th><th>U.S. Government bonds and notes</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>111</td><td>-</td><td>-</td><td>3</td><td>108</td><td>-</td><td>218</td><td>200</td><td>-</td><td>16</td><td>2</td></tr><tr><td>Belgium</td><td>11,424</td><td>195</td><td>1,137</td><td>1,821</td><td>699</td><td>7,572</td><td>3,490</td><td>1</td><td>991</td><td>1,323</td><td>570</td><td>605</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>909</td><td>452</td><td>361</td><td>24</td><td>59</td><td>13</td><td>79</td><td>-</td><td>-</td><td>79</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>48,126</td><td>1,061</td><td>501</td><td>2,385</td><td>93</td><td>44,086</td><td>12,847</td><td>708</td><td>906</td><td>7,254</td><td>986</td><td>2,993</td></tr><tr><td>Germany, Federal Republic of</td><td>2,380</td><td>1,020</td><td>8</td><td>367</td><td>466</td><td>519</td><td>213</td><td>-</td><td>19</td><td>96</td><td>23</td><td>75</td></tr><tr><td>Greece</td><td>32</td><td>-</td><td>1</td><td>10</td><td>-</td><td>21</td><td>28</td><td>2</td><td>3</td><td>23</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>758</td><td>28</td><td>29</td><td>330</td><td>260</td><td>105</td><td>422</td><td>58</td><td>24</td><td>291</td><td>21</td><td>26</td></tr><tr><td>Netherlands</td><td>21,572</td><td>210</td><td>1,034</td><td>2,269</td><td>871</td><td>17,188</td><td>201,654</td><td>99</td><td>538</td><td>6,556</td><td>25,135</td><td>179,346</td></tr><tr><td>Norway</td><td>7,401</td><td>6,782</td><td>151</td><td>256</td><td>98</td><td>114</td><td>2,708</td><td>2,170</td><td>41</td><td>406</td><td>51</td><td>40</td></tr><tr><td>Poland</td><td>6</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>2</td><td>2</td><td>-</td><td>3</td><td>72</td><td>17</td></tr><tr><td>Portugal</td><td>1,093</td><td>-</td><td>445</td><td>525</td><td>97</td><td>26</td><td>90</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Russia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>237</td><td>-</td><td>104</td><td>118</td><td>1</td><td>14</td><td>150</td><td>4</td><td>-</td><td>111</td><td>12</td><td>23</td></tr><tr><td>Sweden</td><td>59</td><td>-</td><td>-</td><td>3</td><td>37</td><td>19</td><td>1,997</td><td>1,122</td><td>745</td><td>61</td><td>53</td><td>16</td></tr><tr><td>Switzerland</td><td>61,045</td><td>1,856</td><td>3,021</td><td>23,011</td><td>4,825</td><td>28,332</td><td>39,854</td><td>7,532</td><td>2,799</td><td>25,087</td><td>1,637</td><td>2,819</td></tr><tr><td>Turkey</td><td>11</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>42</td><td>-</td><td>-</td><td>38</td><td>4</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><td>-</td></tr><tr><td>United Kingdom</td><td>62,109</td><td>33,584</td><td>3,118</td><td>16,666</td><td>2,046</td><td>6,695</td><td>52,005</td><td>28,475</td><td>742</td><td>14,152</td><td>1,935</td><td>6,702</td></tr><tr><td>Yugoslavia</td><td>14</td><td>-</td><td>6</td><td>6</td><td>-</td><td>8</td><td>5</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>19,603</td><td>1</td><td>8,183</td><td>1,020</td><td>10,013</td><td>386</td><td>2,160</td><td>860</td><td>310</td><td>838</td><td>53</td><td>99</td></tr><tr><td>Total Europe</td><td>236,884</td><td>45,189</td><td>18,093</td><td>48,831</td><td>19,673</td><td>105,098</td><td>317,967</td><td>41,213</td><td>7,121</td><td>56,408</td><td>20,479</td><td>192,746</td></tr><tr><td>Canada</td><td>50,462</td><td>15,266</td><td>3,737</td><td>8,698</td><td>8,178</td><td>14,283</td><td>172,942</td><td>34,753</td><td>10,503</td><td>11,435</td><td>100,487</td><td>15,764</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>638</td><td>5</td><td>52</td><td>586</td><td>153</td><td>40</td><td>453</td><td>-</td><td>14</td><td>379</td><td>38</td><td>22</td></tr><tr><td>Bolivia</td><td>46</td><td>-</td><td>-</td><td>46</td><td>-</td><td>-</td><td>122</td><td>1</td><td>-</td><td>117</td><td>-</td><td>4</td></tr><tr><td>Brazil</td><td>758</td><td>-</td><td>10</td><td>437</td><td>284</td><td>27</td><td>633</td><td>5</td><td>26</td><td>574</td><td>28</td><td>-</td></tr><tr><td>Chile</td><td>535</td><td>5</td><td>33</td><td>372</td><td>41</td><td>79</td><td>411</td><td>5</td><td>18</td><td>371</td><td>-</td><td>17</td></tr><tr><td>Colombia</td><td>276</td><td>-</td><td>1</td><td>98</td><td>155</td><td>26</td><td>262</td><td>1</td><td>5</td><td>89</td><td>158</td><td>9</td></tr><tr><td>Cuba</td><td>3,179</td><td>24</td><td>442</td><td>1,862</td><td>638</td><td>213</td><td>3,533</td><td>133</td><td>44</td><td>1,723</td><td>1,377</td><td>256</td></tr><tr><td>Dominican Republic</td><td>27</td><td>-</td><td>-</td><td>27</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>49</td><td>7</td><td>22</td><td>43</td><td>1</td><td>1</td><td>18</td><td>-</td><td>2</td><td>16</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>1,590</td><td>56</td><td>1,120</td><td>958</td><td>282</td><td>328</td><td>1,317</td><td>2</td><td>204</td><td>1,033</td><td>144</td><td>236</td></tr><tr><td>Netherlands W. Indies & Surinam</td><td>1,997</td><td>-</td><td>-</td><td>1,120</td><td>117</td><td>206</td><td>694</td><td>-</td><td>-</td><td>241</td><td>120</td><td>129</td></tr><tr><td>Panama, Republic of</td><td>2,039</td><td>167</td><td>285</td><td>1,223</td><td>221</td><td>203</td><td>2,560</td><td>235</td><td>241</td><td>1,814</td><td>43</td><td>227</td></tr><tr><td>Peru</td><td>480</td><td>-</td><td>92</td><td>38</td><td>67</td><td>321</td><td>140</td><td>-</td><td>22</td><td>86</td><td>27</td><td>5</td></tr><tr><td>El Salvador</td><td>246</td><td>-</td><td>3</td><td>50</td><td>143</td><td>100</td><td>166</td><td>-</td><td>-</td><td>7</td><td>161</td><td>-</td></tr><tr><td>Uruguay</td><td>1,757</td><td>3</td><td>50</td><td>1,236</td><td>238</td><td>228</td><td>2,230</td><td>40</td><td>1,890</td><td>139</td><td>156</td><td>260</td></tr><tr><td>Venezuela</td><td>2,568</td><td>110</td><td>23</td><td>1,281</td><td>598</td><td>554</td><td>2,867</td><td>62</td><td>1,784</td><td>761</td><td>260</td><td>-</td></tr><tr><td>Other Latin America</td><td>4,651</td><td>52</td><td>116</td><td>3,933</td><td>446</td><td>104</td><td>916</td><td>350</td><td>34</td><td>357</td><td>150</td><td>25</td></tr><tr><td>Total Latin America</td><td>20,936</td><td>429</td><td>2,099</td><td>12,695</td><td>3,383</td><td>2,330</td><td>16,338</td><td>732</td><td>714</td><td>10,500</td><td>3,046</td><td>1,346</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>14</td><td>-</td><td>-</td><td>12</td><td>2</td><td>2</td><td>37</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>4,224</td><td>7</td><td>537</td><td>3,605</td><td>72</td><td>72</td><td>1,478</td><td>221</td><td>5</td><td>1,112</td><td>119</td><td>21</td></tr><tr><td>India</td><td>22</td><td>-</td><td>6</td><td>1</td><td>-</td><td>-</td><td>72</td><td>-</td><td>-</td><td>54</td><td>14</td><td>1</td></tr><tr><td>Indonesia</td><td>36</td><td>-</td><td>3</td><td>33</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>196</td><td>-</td><td>139</td><td>48</td><td>6</td><td>3</td><td>2,900</td><td>-</td><td>2</td><td>13</td><td>2,885</td><td>5</td></tr><tr><td>Israel</td><td>241</td><td>89</td><td>-</td><td>95</td><td>23</td><td>34</td><td>23</td><td>1</td><td>-</td><td>17</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>113</td><td>-</td><td>-</td><td>10</td><td>85</td><td>18</td><td>141</td><td>-</td><td>-</td><td>96</td><td>-</td><td>45</td></tr><tr><td>Korea, Republic of</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>23</td><td>-</td><td>-</td><td>12</td><td>11</td><td>-</td></tr><tr><td>Philippines</td><td>8</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>812</td><td>-</td><td>-</td><td>7</td><td>805</td><td>-</td></tr><tr><td>Taiwan</td><td>688</td><td>-</td><td>22</td><td>612</td><td>20</td><td>34</td><td>3,340</td><td>10</td><td>1</td><td>179</td><td>3,144</td><td>6</td></tr><tr><td>Thailand</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>5,540</td><td>89</td><td>170</td><td>1,379</td><td>3,739</td><td>163</td><td>8,837</td><td>231</td><td>9</td><td>1,538</td><td>6,978</td><td>41</td></tr><tr><td>Total Asia</td><td>5,540</td><td>89</td><td>170</td><td>1,379</td><td>3,739</td><td>163</td><td>8,837</td><td>231</td><td>9</td><td>1,538</td><td>6,978</td><td>41</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>2,055</td><td>57</td><td>1</td><td>3</td><td>1,995</td><td>-</td><td>42</td><td>-</td><td>42</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Belgian Congo</td><td>4</td><td>-</td><td>-</td><td>4</td><td>3</td><td>-</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Egypt</td><td>4</td><td>2</td><td>17</td><td>17</td><td>225</td><td>-</td><td>31</td><td>-</td><td>31</td><td>7</td><td>35</td><td>72</td></tr><tr><td>Umo de South Africa</td><td>244</td><td>325</td><td>20</td><td>444</td><td>6</td><td>92</td><td>116</td><td>2</td><td>57</td><td>629</td><td>74</td><td>97</td></tr><tr><td>All other</td><td>887</td><td>358</td><td>21</td><td>468</td><td>2,229</td><td>92</td><td>857</td><td>-</td><td>57</td><td>709</td><td>111</td><td>169</td></tr><tr><td>Total other countries</td><td>3,194</td><td>384</td><td>21</td><td>468</td><td>2,229</td><td>92</td><td>1,045</td><td>2</td><td>57</td><td>709</td><td>111</td><td>169</td></tr><tr><td>International</td><td>195,537</td><td>180,416</td><td>304</td><td>1,000</td><td>13,817</td><td>-</td><td>73,107</td><td>46,697</td><td>-</td><td>165</td><td>26,245</td><td>-</td></tr><tr><td>Grand total</td><td>512,553</td><td>242,073</td><td>24,424</td><td>73,071</td><td>51,019</td><td>121,966</td><td>590,239</td><td>123,628</td><td>18,404</td><td>80,755</td><td>157,346</td><td>210,106</td></tr></table>
1/ Part of United Arab Republic (including Egypt and Syria) since February 1958. Data on purchases and sales by Syria are not
available separately, but are included in "Other Asia.
72
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
The financial statements of corporations and certain other business-type activities of the United States Government which appear in the "Treasury Bulletin" beginning with the August 1956 issue are compiled from reports submitted to the Treasury under Department Circular No. 966, issued January 30, 1956, and Supplement No. 1, issued June 1, 1956. The regulations so issued are pursuant to Section 114 of the Budget and Accounting Procedures Act of 1950 (31 U.S.C. 66 b), and represent another step in the program of comprehensive and integrated Government accounting and financial reporting for which authority was provided in that act. They supersede Budget-Treasury Regulation No. 3, issued under Executive Order No. 8512 of August 13, 1940, as amended by Executive Order No. 9084 of March 3, 1942.
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 (31 U.S.C. 846, 856); 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, and activities and agencies whose operations result in the accumulation of substantial inventories, investments and other recoverable assets, may be brought under the regulations 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 statements of financial condition, income and expense, source and application of funds, and certain commitments and contingencies. All of the financial statements required by the Circular are presented in the Bulletin. The statements of financial condition are published quarterly and appear as Section I in the series of tables. The first data under the new regulations are for March 31, 1956, and were presented in the August 1956 Bulletin. Statements of income and expense and source and application of funds are published semiannually, and appear as Sections II and III. The first of these statements under the new regulations cover the fiscal year 1956, and were published in the January 1957 Bulletin. Certain commitments and contingencies will be added on a semiannual basis for a subsequent date. Within the sections, the agencies are grouped in separate tables by type, as follows: public enterprise funds, intragovernmental funds, certain other activities, deposit funds, and trust revolving funds.
Supplement No. 1 added to the coverage by including all executive agencies and activities not reporting under Department Circular No. 966, but required only a statement of financial condition annually as of June 30. These are mainly not business-type activities, and those which had not yet developed formal accounting procedures to provide balance sheet statements were authorized temporarily to report only the asset side. The first comprehensive reporting under Supplement No. 1 is for June 30, 1957, and the data were published in the December 1957 issue of the Bulletin as Part B of Table 4 in Section I.
May 1958
73
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 1.- Summary for Specified Classes of Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Public enterprise revolving funds (See Table 2)</th><th>Intragovernmental revolving funds (See Table 3)</th><th>Certain other activities (See Table 4)</th></tr><tr><td colspan="5">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>3,375,517</td><td>2,842,288</td><td>486,632</td><td>46,597</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>10,772</td><td>10,772</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>683,408</td><td>192,223</td><td>-</td><td>491,185</td></tr><tr><td>Guaranty and insurance premiums</td><td>113,911</td><td>113,911</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>17,052</td><td>16,017</td><td>1,035</td><td>-</td></tr><tr><td>Other income</td><td>33,014</td><td>27,583</td><td>2,172</td><td>3,259</td></tr><tr><td>Total income</td><td>4,233,674</td><td>3,202,795</td><td>489,839</td><td>541,041</td></tr><tr><td>Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>2,141,838</td><td>1,981,213</td><td>160,626</td><td>-</td></tr><tr><td>Materials applied</td><td>39,519</td><td>3,684</td><td>36,034</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>1,331,957</td><td>1,290,503</td><td>41,453</td><td>-</td></tr><tr><td>Other applied expenses</td><td>677,868</td><td>558,450</td><td>119,418</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-1,009</td><td>-748</td><td>-261</td><td>-</td></tr><tr><td>Finished goods</td><td>-201,852</td><td>-201,645</td><td>-207</td><td>-</td></tr><tr><td>Other operating expenses</td><td>171,730</td><td>52,890</td><td>103,865</td><td>14,965</td></tr><tr><td>Depreciation</td><td>43,591</td><td>29,426</td><td>8,110</td><td>6,055</td></tr><tr><td>Administrative expenses</td><td>111,380</td><td>81,491</td><td>6,174</td><td>23,714</td></tr><tr><td>Grants and contributions</td><td>128,327</td><td>59,055</td><td>-</td><td>69,272</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>310,024</td><td>270,241</td><td>-</td><td>39,783</td></tr><tr><td>Other</td><td>27,136</td><td>22,982</td><td>-</td><td>4,154</td></tr><tr><td>Other major expense items</td><td>87,575</td><td>84,463</td><td>1,037</td><td>2,075</td></tr><tr><td>Miscellaneous expense</td><td>17,165</td><td>14,693</td><td>429</td><td>2,044</td></tr><tr><td>Total expense</td><td>4,885,230</td><td>4,246,489</td><td>476,678</td><td>162,063</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-19,647</td><td>-7,428</td><td>-58</td><td>-12,160</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-4,542</td><td>-6,161</td><td>77</td><td>1,542</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-20,095</td><td>-14,299</td><td>-14</td><td>-5,782</td></tr><tr><td>Other</td><td>175</td><td>-110</td><td>236</td><td>49</td></tr><tr><td>Total other gains, or losses (-)</td><td>-44,209</td><td>-27,998</td><td>242</td><td>-16,353</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-695,665</td><td>-1,071,693</td><td>13,402</td><td>362,626</td></tr><tr><td>Increase (-), or decrease, in allowances for leases</td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>34,774</td><td>347,559</td><td>-</td><td>2,215</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>11,919</td><td>8,712</td><td>-</td><td>3,207</td></tr><tr><td>Allowance for losses on fixed assets</td><td>134</td><td>-</td><td>134</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-204,081</td><td>-204,089</td><td>8</td><td>-</td></tr><tr><td>Other</td><td>4,756</td><td>6,093</td><td>-</td><td>-1,337</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>162,503</td><td>158,276</td><td>142</td><td>4,085</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-533,163</td><td>-913,418</td><td>13,545</td><td>366,710</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>4,670</td><td>4,970</td><td>-81</td><td>-219</td></tr><tr><td>Net income, or loss (-), transferred to accumulated income, or deficit (-)</td><td>-528,493</td><td>-908,448</td><td>13,463</td><td>366,491</td></tr><tr><td colspan="5">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-8,577,154 r</td><td>-5,849,197 r</td><td>26,833</td><td>-2,754,790 r</td></tr><tr><td>Net income, or loss (-)</td><td>-528,493</td><td>-908,448</td><td>13,463</td><td>366,491</td></tr><tr><td>Capital transfers of earnings or profits to the U.S. Treasury (-)</td><td>-31,082</td><td>-29,633</td><td>-1,448</td><td>-</td></tr><tr><td>Other</td><td>886,596</td><td>1,256,616</td><td>-</td><td>-370,020</td></tr><tr><td>Balance at end of reporting period</td><td>-8,250,133</td><td>-5,530,663</td><td>38,848</td><td>-2,758,319</td></tr></table>
r Revised.
74
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/ 2/</th><th>International Cooperation Administration</th><th>Atomic Energy Commission</th><th colspan="3">Export-Import Bank of Washington</th><th>Farm Credit Administration</th></tr><tr><th></th><th></th><th>Foreign investment guaranty fund</th><th>Defense production guarantees</th><th>Regular lending activities</th><th>Liquidation of certain Reconstruction Finance Corporation assets</th><th>Expansion of defense production</th><th>Federal Farm Mortgage Corporation</th></tr><tr><td><b>INCOME AND EXPENSE</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>2,342,288</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>10,772</td><td>-</td><td>-</td><td>46,939</td><td>301</td><td>869</td><td>-</td></tr><tr><td>Other interest income</td><td>152,223</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>113,911</td><td>251</td><td>40</td><td>25</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>16,017</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>27,583</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>408</td></tr><tr><td>Total income</td><td>3,202,795</td><td>251</td><td>40</td><td>46,964</td><td>301</td><td>869</td><td>408</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>1,981,213</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>3,484</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>1,290,503</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>558,450</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-748</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-201,645</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>52,980</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>70</td></tr><tr><td>Depreciation</td><td>29,426</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>81,491</td><td>-</td><td>*</td><td>908</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Grants and contributions</td><td>59,055</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>270,241</td><td>-</td><td>-</td><td>13,313</td><td>235</td><td>447</td><td>-</td></tr><tr><td>Other</td><td>52,982</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>84,463</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>14,693</td><td>-</td><td>-</td><td>38</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>4,246,439</td><td>-</td><td>*</td><td>14,266</td><td>235</td><td>448</td><td>70</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-7,428</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-6,161</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-14,299</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-110</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-27,998</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1,071,693</td><td>251</td><td>40</td><td>32,699</td><td>66</td><td>421</td><td>338</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>347,559</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>8,712</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-204,089</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>6,093</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>Net increase (-), or decrease, in allowances for losses</td><td>158,276</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-913,418</td><td>251</td><td>40</td><td>32,699</td><td>66</td><td>421</td><td>338</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>4,970</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-908,448</td><td>251</td><td>40</td><td>32,699</td><td>66</td><td>421</td><td>338</td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-5,849,197</td><td>2,028</td><td>341</td><td>465,418</td><td>543</td><td>2,026</td><td>10,419</td></tr><tr><td>Net income, or loss (-)</td><td>-908,448</td><td>251</td><td>40</td><td>32,699</td><td>66</td><td>421</td><td>338</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-29,633</td><td>-</td><td>-</td><td>-22,500</td><td>-8</td><td>-</td><td>-2,500</td></tr><tr><td>Other</td><td>1,256,616</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-5,530,663</td><td>2,279</td><td>381</td><td>475,617</td><td>600</td><td>2,447</td><td>8,257</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
May 1958
75
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Farm Credit Administration-(Continued) Agricultural marketing revolving fund</th><th>Federal Home Loan Bank Board 2/ Revolving fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Panama Canal Company</th><th>Saint Lawrence Sewer Development Corporation</th><th>Small Business Administration Revolving fund</th><th>Small defense plants activities 4/</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td>-</td><td>-</td><td>-</td><td>43,064</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>3,416</td><td>75</td><td>-</td><td>4,230</td><td>-</td></tr><tr><td>Interest:</td><td>-</td><td>-</td><td>14,961</td><td>-</td><td>-</td><td>260</td><td>-</td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>2,831</td><td>-</td><td>375</td><td>-</td><td>5</td><td>-</td></tr><tr><td>Quaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>-</td><td>2,831</td><td>18,377</td><td>43,514</td><td>-</td><td>4,495</td><td>-</td></tr><tr><td>Total income</td><td>-</td><td>2,831</td><td>18,377</td><td>43,514</td><td>-</td><td>4,495</td><td>-</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td>-</td><td>-</td><td>-</td><td>6,832</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Work-in-process</td><td>-</td><td>2,325</td><td>237</td><td>17,133</td><td>-</td><td>6</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>9</td><td>6</td><td>2,832</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>575</td><td>322</td><td>3,329</td><td>159</td><td>3,409</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,147</td><td>3,078 6/</td><td>-</td></tr><tr><td>Interest on borrowings from the U. S.</td><td>-</td><td>-</td><td>-</td><td>4,429 5/</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>5,399</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>2,909</td><td>566</td><td>39,954</td><td>1,306</td><td>6,493</td><td>-</td></tr><tr><td>Total expense</td><td>-</td><td>2,909</td><td>566</td><td>39,954</td><td>1,306</td><td>6,493</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-127</td><td>-</td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>2</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>Total other gains, or losses (-)</td><td>2</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-112</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>2</td><td>-79</td><td>17,811</td><td>3,564</td><td>-1,306</td><td>-2,111</td><td>-</td></tr><tr><td>Increases (-), or decreases, in allowances for losses:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,000</td><td>-</td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,306 7/</td><td>-119</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,306</td><td>-1,119</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>2</td><td>-79</td><td>17,811</td><td>3,564</td><td>-</td><td>-3,230</td><td>-</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>2</td><td>-79</td><td>17,811</td><td>3,564</td><td>-</td><td>-3,230</td><td>-</td></tr><tr><td colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-314,086</td><td>331 r</td><td>229,496</td><td>85,564</td><td>-</td><td>-14,205</td><td>-132</td></tr><tr><td>Net income, or loss (-)</td><td>2</td><td>-79</td><td>17,811</td><td>3,564</td><td>-</td><td>-3,230</td><td>-</td></tr><tr><td>Capital transfer to earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-1,093</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>Balance at end of reporting period</td><td>-314,085</td><td>252</td><td>246,215</td><td>89,129</td><td>-</td><td>-17,435</td><td>-132</td></tr></table>
Footnotes et end of Section III.
(Continued on following page)
76
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Small Business Administration-(Continued) Reconstruction Finance Corporation liquidation fund 8/</th><th>Tennessee Valley Authority</th><th>United States Information Agency Informational media guaranty fund</th><th>Canteen service revolving fund</th><th>Veterans Administration Direct loans to veterans and reserves</th><th>Rental, maintenance, and repair of quarters</th><th>Service-disabled veterans' insurance fund</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>117,700</td><td>-</td><td>17,576</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>339</td><td>10</td><td>-</td><td>-</td><td>12,188</td><td>-</td><td>4</td></tr><tr><td>Other interest income</td><td>9</td><td>-</td><td>54</td><td>-</td><td>-</td><td>-</td><td>1,416</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>39</td><td>-</td><td>38</td><td>-</td></tr><tr><td>Other major income items</td><td>47</td><td>5,233</td><td>-</td><td>11</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total income</td><td>395</td><td>122,943</td><td>54</td><td>17,627</td><td>12,196</td><td>38</td><td>1,421</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>1,872</td><td>-</td><td>12,338</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>755</td><td>-</td><td>3,215</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>73,947</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-805</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-177</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>46</td><td>1,890</td><td>-</td><td>491</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>23,505</td><td>-</td><td>271</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>466</td><td>1,365</td><td>-</td><td>640</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>52</td><td>-</td><td>192</td><td>-</td><td>7,478</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>41</td><td>1,783</td></tr><tr><td>Other major expense items</td><td>-</td><td>1</td><td>*</td><td>-</td><td>490</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>564</td><td>102,353</td><td>192</td><td>16,954</td><td>7,968</td><td>41</td><td>1,783</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-18</td><td>-</td><td>-</td><td>-</td><td>-30</td><td>-</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-65</td><td>-</td><td>-1,346</td><td>1</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</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>Total other gains, or losses (-)</td><td>-84</td><td>-</td><td>-1,346</td><td>1</td><td>-19</td><td>-</td><td>*</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-253</td><td>20,590</td><td>-1,484</td><td>672</td><td>4,208</td><td>-2</td><td>-362</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>81</td><td>-</td><td>-5,082</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>84</td><td>-</td><td>-5,082</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-169</td><td>20,590</td><td>-6,566</td><td>672</td><td>4,208</td><td>-2</td><td>-362</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>*</td><td>-</td><td>-</td><td>-106</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-170</td><td>20,590 9/</td><td>-6,566</td><td>566</td><td>4,208</td><td>-2</td><td>-362</td></tr><tr><td colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-1,352</td><td>237,632</td><td>-2,355</td><td>9,099</td><td>29,470</td><td>4</td><td>-1,679</td></tr><tr><td>Net income, or loss (-)</td><td>-170</td><td>20,590</td><td>-6,566</td><td>566</td><td>4,208</td><td>-2</td><td>-362</td></tr><tr><td>Capital transfers of earnings or profit to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-543</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>Balance at end of reporting period</td><td>-1,522</td><td>258,201</td><td>-8,920</td><td>9,122</td><td>33,679</td><td>2</td><td>-2,041</td></tr></table>
Footnotee et al of Section 111
(Continued on following page)
May 1958
77
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th colspan="2">Account</th><th>Soldiers' and sailors' civil relief</th><th>Veterans' special term insurance fund</th><th>Vocational rehabilitation revolving fund</th><th colspan="3">Public buildings</th></tr><tr><th colspan="2"></th><th colspan="3"></th><th>Costs of maintenance, repair, etc., of improvements</th><th>Maintenance, etc., Lafayette Building, Washington, D.C.</th><th>Abaca fiber program</th><th>Federal Facilities Corporation</th></tr><tr><th colspan="2">INCOME AND EXPENSE</th><th></th><th></th><th></th><th></th><th></th><th></th><th>107</th></tr><tr><td>Income:</td><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,766</td><td>-</td></tr><tr><td>Interests</td><td>On public debt securities</td><td>-</td><td>497</td><td>-</td><td>-</td><td>-</td><td>-</td><td>211</td></tr><tr><td>Other interest income</td><td>Guaranty and insurance premiums</td><td>-</td><td>9,476</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>Other income</td><td>3</td><td>-</td><td>-</td><td>287</td><td>21</td><td>1</td><td>8</td></tr><tr><td>Total income</td><td></td><td>3</td><td>9,973</td><td>-</td><td>287</td><td>21</td><td>1,767</td><td>219</td></tr><tr><td>Expenses:</td><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,439</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>504</td><td>-</td></tr><tr><td>Increase (-), or decreases, in:</td><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>7</td><td>4</td><td>78</td><td>-</td></tr><tr><td>Depreciation</td><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>350</td></tr><tr><td>Grants and contributions</td><td>Interest expense:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23</td><td>24</td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>Miscellaneous expense</td><td>-</td><td>2,702</td><td>-</td><td>-</td><td>-</td><td>38</td><td>196</td></tr><tr><td>Total expense</td><td></td><td>-</td><td>2,702</td><td>-</td><td>7</td><td>4</td><td>2,093</td><td>569</td></tr><tr><td>Other gains, or losses (-):</td><td>Charge-offs</td><td>*</td><td>-20</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-3</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-3</td><td>-</td></tr><tr><td>Other</td><td>Total other gains, or losses (-)</td><td>*</td><td>-20</td><td>*</td><td>*</td><td>-</td><td>-3</td><td>-3</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td></td><td>3</td><td>7,251</td><td>*</td><td>280</td><td>17</td><td>-329</td><td>-353</td></tr><tr><td>Increase (-), or decreases, in allowances for losses:</td><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td></td><td>3</td><td>7,251</td><td>*</td><td>280</td><td>17</td><td>-329</td><td>-353</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td></td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>7</td><td>2</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td></td><td>3</td><td>7,251</td><td>*</td><td>280</td><td>17</td><td>-322</td><td>-351</td></tr><tr><th colspan="2">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Balance at end of previous fiscal year</td><td></td><td>-214</td><td>35,086</td><td>5</td><td>543</td><td>35</td><td>-6,871</td><td>-</td></tr><tr><td>Net income, or loss (-)</td><td></td><td>3</td><td>7,251</td><td>*</td><td>280</td><td>17</td><td>-322</td><td>-351</td></tr><tr><td>Capital transfers of earnings or profits to the U.S. Treasury (-)</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-35</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>351</td></tr><tr><td>Balance at end of reporting period</td><td></td><td>-211</td><td>42,337</td><td>5</td><td>824</td><td>17</td><td>-7,193</td><td>-</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
78
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>World War II esets of Reconstruction Finance Corporation in liquidation 11/</th><th>Smaller War Plants Corporation (in liquidation) 11/</th><th>Expansion of defence production</th><th>Defense production guarantees</th><th>Office of the Administrator College housing loans</th><th>Public facility loans</th><th>Public works planning Fund</th></tr><tr><td colspan="8">INCOMES AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>26,150</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>1</td><td>6</td><td>1,363</td><td>-</td><td>3,381</td><td>48</td><td>-</td></tr><tr><td>Other interest income</td><td></td><td></td><td>-</td><td>238</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>79</td><td>-</td><td>898</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>4</td><td>-</td><td>1,376</td><td>-</td><td>238</td><td>20</td><td>-</td></tr><tr><td>Other income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total income</td><td>84</td><td>6</td><td>29,787</td><td>238</td><td>3,619</td><td>68</td><td>-</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>223,932</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>1,872</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>57</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>8</td><td>-</td><td>-201,454</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>376</td><td>2</td><td>12</td><td>11</td><td>-</td></tr><tr><td>Depreciation</td><td>28</td><td>-</td><td>411</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td></td><td>-</td><td>1,077</td><td>-</td><td>663</td><td>213</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>12,759</td><td>-</td><td>3,026</td><td>39</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>1,532</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>238</td><td>20</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>36</td><td>-</td><td>40,562</td><td>2</td><td>3,939</td><td>273</td><td>-</td></tr><tr><td>Total expense</td><td></td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-3</td><td>-</td><td>-140</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-127</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-3</td><td>-</td><td>-266</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>45</td><td>6</td><td>-11,042</td><td>236</td><td>-320</td><td>-205</td><td>-</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-124</td><td>-21</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-124</td><td>-21</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>45</td><td>6</td><td>-11,042</td><td>236</td><td>-1144</td><td>-226</td><td>-</td></tr><tr><td>Charge (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-67</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>45</td><td>6</td><td>-11,108</td><td>236</td><td>-444</td><td>-226</td><td>-</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>45</td><td>-37,622</td><td>-139,602</td><td>3,941</td><td>-1,147</td><td>-377</td><td>-14</td></tr><tr><td>Net income, or loss (-)</td><td></td><td>6</td><td>-11,108</td><td>236</td><td>-444</td><td>-226</td><td>-</td></tr><tr><td>Capital transfers of earnings or profits to 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>-45</td><td>-</td><td>59</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-</td><td>-37,617</td><td>-150,651</td><td>4,177</td><td>-2,592</td><td>-603</td><td>-14</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
May 1958
79
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued
(In thousands of dollars)
<table><tr><th>Account</th><th>Office of the Administrator - (Continued)</th><th colspan="4">Housing and Home Finance Agency - (Continued)</th></tr><tr><th></th><th>Liquidating programs 12/</th><th>Urban renewal fund</th><th>Community disposal operations fund</th><th>Federal National Mortgage Association Management and liquidating functions</th><th>Federal Special assistance functions</th><th>Federal Housing Administration</th><th>Public Housing Administration</th></tr><tr><td><b>INCOME AND EXPENSE</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goode and services.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td>6,858</td><td>-</td></tr><tr><td>On public debt securities.</td><td>4,668</td><td>776</td><td>187</td><td>49,083</td><td>948</td><td>3,425</td><td>1,593</td></tr><tr><td>Other interest income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68,716</td><td>-</td></tr><tr><td>Guaranty and insurance premiums.</td><td>467</td><td>267</td><td>11</td><td>-</td><td>1,839</td><td>-</td><td>478</td></tr><tr><td>Other major income items.</td><td>117</td><td>-</td><td>-</td><td>75</td><td>256</td><td>288</td><td>1,418</td></tr><tr><td>Other income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>5,251</td><td>1,143</td><td>198</td><td>49,158</td><td>3,043</td><td>79,287</td><td>3,490</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods.</td><td>299</td><td>-</td><td>19</td><td>-</td><td>-</td><td>92</td><td>420</td></tr><tr><td>Other operating expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>227</td></tr><tr><td>Depreciation.</td><td>640</td><td>-</td><td>342</td><td>1,103</td><td>105</td><td>21,060</td><td>5,560</td></tr><tr><td>Administrative expenses.</td><td>114</td><td>9,638</td><td>-</td><td>-</td><td>-</td><td>-</td><td>49,303</td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>-</td><td>782</td><td>-</td><td>15,479</td><td>700</td><td>-</td><td>1,090</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>13,864</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items.</td><td>-</td><td>367</td><td>-</td><td>-</td><td>88</td><td>4</td><td>361</td></tr><tr><td>Miscellaneous expenses.</td><td>3</td><td>-</td><td>-</td><td>5,259</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>1,057</td><td>10,788</td><td>362</td><td>35,722</td><td>893</td><td>21,156</td><td>56,961</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-29</td><td>-</td><td>-</td><td>-15</td><td>-</td><td>-</td><td>5</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>-5,566</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-410</td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-</td><td>-12,948</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-5,595</td><td>-</td><td>-</td><td>-19</td><td>-</td><td>-12,947</td><td>-404</td></tr><tr><td>Net income, or lose (-), before change in valuation allowances.</td><td>-1,401</td><td>-9,645</td><td>-164</td><td>13,416</td><td>2,150</td><td>45,185</td><td>-53,876</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-24</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8,835</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-118</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-653</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-118</td><td>*</td><td>-</td><td>-</td><td>-24</td><td>8,182</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>-1,519</td><td>-9,645</td><td>-164</td><td>13,416</td><td>2,126</td><td>53,367</td><td>-53,876</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>270</td><td>-4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>155</td></tr><tr><td>Net income, or lose (-), transferred to accumulated net income, or deficit (-).</td><td>-1,249</td><td>-9,648</td><td>-164</td><td>13,416</td><td>2,126</td><td>53,367</td><td>-53,721</td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year.</td><td>-394,501</td><td>-97,671</td><td>-562</td><td>93,710</td><td>2,445</td><td>531,178</td><td>-625,168</td></tr><tr><td>Net income, or lose (-), for the period.</td><td>-1,249</td><td>-9,648</td><td>-164</td><td>13,416</td><td>2,126</td><td>53,367</td><td>-53,721</td></tr><tr><td>Capital transfers or earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,445</td><td>-</td><td>-509</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17,012</td><td>-</td></tr><tr><td>Balance at end of reporting period.</td><td>-395,749</td><td>-107,320</td><td>-726</td><td>107,126</td><td>2,126</td><td>601,557</td><td>-679,397</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
80
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Commodity Credit Corporation</th><th>Federal Crop Insurance Corporation 13/</th><th>Farmers' Home Administration Disaster loans, etc., revolving fund</th><th>Farm tenant mortgage insurance fund</th><th>Expansion of defense production</th><th colspan="2">Commerce Department</th></tr><tr><th></th><th colspan="4">Agriculture Department</th><th></th><th>Maritime activities</th><th>Vessel operations revolving fund</th></tr><tr><th>INCOME AND EXPENSE</th><th></th><th></th><th></th><th></th><th></th><th>Federal ship mortgage insurance fund</th><th></th></tr><tr><td>Income:</td><td>1,191,005</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16,295</td></tr><tr><td>Sales of goods and services</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>53,449</td><td>96</td><td>1,982</td><td>262</td><td>-</td><td>41</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>17,427</td><td>-</td><td>42</td><td>-</td><td>318</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,191</td></tr><tr><td>Other major income items</td><td>5,990</td><td>95</td><td>2</td><td>1</td><td>-</td><td>-</td><td>204</td></tr><tr><td>Total income</td><td>1,250,443</td><td>17,617</td><td>1,984</td><td>285</td><td>-</td><td>359</td><td>18,690</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td>1,736,426</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>3,814</td><td>2</td><td>1</td><td>2</td><td>-</td><td>-</td><td>6,478</td></tr><tr><td>Other operating expenses</td><td>169</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>15,834</td><td>3,812</td><td>1,899</td><td>-</td><td>-</td><td>-</td><td>549</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>210,171</td><td>-</td><td>-</td><td>144</td><td>671</td><td>26</td><td>-</td></tr><tr><td>Other</td><td>1,375</td><td>11,333</td><td>-</td><td>-</td><td>153</td><td>-</td><td>4,854</td></tr><tr><td>Other major expense items</td><td>62,052</td><td>776</td><td>-</td><td>-</td><td>-</td><td>-</td><td>252</td></tr><tr><td>Miscellaneous expense</td><td>857</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>2,030,699</td><td>25,923</td><td>1,900</td><td>146</td><td>824</td><td>26</td><td>12,133</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-5,332</td><td>-801</td><td>-606</td><td>-19</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or lose (-), on sale of fixed assets</td><td>-</td><td>-</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>12</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>Total other gains, or losses (-)</td><td>-5,320</td><td>-801</td><td>-606</td><td>-17</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-785,576</td><td>892</td><td>-522</td><td>123</td><td>-824</td><td>333</td><td>6,557</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>348,759</td><td>-</td><td>700</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-123</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-204,089</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>10,104</td><td>574</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>Net increase (-), or decrease, in allowances for losses</td><td>154,774</td><td>574</td><td>577</td><td>-</td><td>-824</td><td>333</td><td>6,557</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-630,802</td><td>1,466</td><td>55</td><td>123</td><td>-</td><td>333</td><td>-</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>1,873</td><td>-</td><td>-42</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-628,929</td><td>1,466</td><td>14</td><td>122</td><td>-824</td><td>333</td><td>6,557</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-5,712,600</td><td>-119,752</td><td>-78,324</td><td>5,144</td><td>-61,356</td><td>482</td><td>12,224</td></tr><tr><td>Net income, or loss (-)</td><td>-628,929</td><td>1,466</td><td>14</td><td>122</td><td>-824</td><td>333</td><td>6,557</td></tr><tr><td>Capital transfers of earnings or profits to 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>1,239,789</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-5,101,741</td><td>-118,285</td><td>-78,311</td><td>5,266</td><td>-62,180</td><td>815</td><td>18,781</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
May 1958
81
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Commerce Department - (Continued)</th><th colspan="2">Defense Department</th><th colspan="2">HFW Department</th></tr><tr><th>Maritime activities - (Continued)</th><th>Inland Waterways Corporation</th><th>Defense production guarantees</th><th>Air Force Department</th><th>Army Department</th><th>Public Health Service</th><th>Social Security Administration</th></tr><tr><td></td><td>War risk insurance revolving fund</td><td colspan="2"></td><td colspan="2">Defense production guarantees</td><td>Operation of commissaries, narcotic hospitals</td><td>Bureau of Federal Credit Unions</td></tr><tr><th colspan="8">INCOME AND EXPENSE</th></tr><tr><td>Income:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>99</td><td>-</td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>139</td><td>-</td><td>21</td><td>95</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>116</td><td>-</td><td>-</td><td>562</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,279</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>1</td><td>-</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>116</td><td>139</td><td>-</td><td>583</td><td>98</td><td>100</td><td>1,279</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td>70</td><td>-</td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td>-</td><td>-</td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>7</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>51</td><td>23</td><td>-</td><td>1,254</td></tr><tr><td>Administrative expenses</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>13</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>8</td><td>*</td><td>-</td><td>52</td><td>23</td><td>98</td><td>1,276</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</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>1</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>108</td><td>139</td><td>-</td><td>531</td><td>76</td><td>2</td><td>3</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>108</td><td>139</td><td>-</td><td>531</td><td>76</td><td>2</td><td>3</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>108</td><td>137</td><td>-</td><td>531</td><td>76</td><td>2</td><td>3</td></tr><tr><th colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th></tr><tr><td>Balance at end of previous fiscal year</td><td>377</td><td>-15,176</td><td>6</td><td>10,065</td><td>5,030</td><td>46</td><td>658</td></tr><tr><td>Net income, or loss (-)</td><td>108</td><td>137</td><td>-</td><td>531</td><td>76</td><td>2</td><td>3</td></tr><tr><td>Capital transfers of earnings or profits to 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>Balance at end of reporting period</td><td>435</td><td>-15,039</td><td>6</td><td>10,596</td><td>5,106</td><td>48</td><td>661</td></tr></table>
(Continued on following page)
82
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Bureau of Indian Affairs Revolving fund for loans</th><th>Bureau of Reclamation 15/ Fund for emergency expenses, Fort Peak project, Mont.</th><th>Bureau of Mines Development and operation of helium properties</th><th>Bureau of Commercial Fisheries Fisheries loan fund</th><th>Alaska Railroad revolving fund</th><th>Office of Territories Loans to private trading enterprises</th><th>Virgin Islands Corporation</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of goods and services</td><td>-</td><td>880</td><td>3,073</td><td>-</td><td>7,253</td><td>-</td><td>414</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>34</td><td>-</td><td>-</td><td>41</td><td>-</td><td>2</td><td>4</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Quaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>*</td><td>64</td><td>-</td><td>-</td><td>-</td><td>127</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>34</td><td>880</td><td>3,137</td><td>41</td><td>7,253</td><td>2</td><td>565</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>169</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td></tr><tr><td>Material applied</td><td>-</td><td>-</td><td>747</td><td>-</td><td>768</td><td>-</td><td>117</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>871</td><td>-</td><td>3,978</td><td>-</td><td>56</td></tr><tr><td>Other applied expenses</td><td>-</td><td>181</td><td>4</td><td>-</td><td>1,206</td><td>-</td><td>51</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-92</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>120</td></tr><tr><td>Other operating expenses</td><td>-</td><td>5</td><td>447</td><td>-</td><td>904</td><td>-</td><td>156</td></tr><tr><td>Depreciation</td><td>227</td><td>40</td><td>201</td><td>86</td><td>468</td><td>-</td><td>77</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>122</td><td>-</td><td>-</td><td>-</td><td>-</td><td>86 16/</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>58</td><td>-</td><td>-</td><td>-</td><td>-</td><td>112</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expenses</td><td>227</td><td>588</td><td>2,179</td><td>86</td><td>7,305</td><td>-</td><td>781</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-</td><td>-1</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-193</td><td>293</td><td>959</td><td>-45</td><td>-57</td><td>2</td><td>-217</td></tr><tr><td>Increase (-), or decreases, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-35</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-35</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-193</td><td>293</td><td>959</td><td>-80</td><td>-57</td><td>2</td><td>-217</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>*</td><td>2</td><td>-8</td><td>-</td><td>-34</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-193</td><td>294</td><td>951</td><td>-80</td><td>-91</td><td>2</td><td>-217</td></tr><tr><td colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-1,617</td><td>7,647</td><td>4,275</td><td>-85</td><td>4,643</td><td>15</td><td>-51</td></tr><tr><td>Net income, or loss (-)</td><td>-193</td><td>294</td><td>951</td><td>-80</td><td>-91</td><td>2</td><td>-217</td></tr><tr><td>Capital transfers of earnings or profits to 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>394</td></tr><tr><td>Balance at end of reporting period</td><td>-1,810</td><td>7,941</td><td>5,225</td><td>-166</td><td>4,552</td><td>16</td><td>126</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
May 1958
83
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Interior Department (Continued) Expansion of defense production</th><th>Labor Department Bureau of Employment Security Farm labor supply revolving fund</th><th>Post Office Department Postal service fund 17/</th><th>Office of the Secretary Reconstruction Finance Corporation liquidation fund 18/</th><th>Office of the Secretary Civil defense loans</th><th>Treasury Department Accounts Bureau of Treasury Fund for payment of Government loans in shipment</th><th>Office of the Treasurer U.S. check forgery insurance fund</th><th>Expenditures of defense production</th></tr><tr><td colspan="9">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>1,417,015</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>1,026</td><td>30</td><td>-</td><td>-</td><td>4,376</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>2,422</td><td>5,928</td><td>-</td><td>-</td><td>-</td><td>1</td><td>46</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>7,914</td><td>57</td><td>6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>-</td><td>2,422</td><td>14,301,857</td><td>1,084</td><td>37</td><td>1</td><td>-</td><td>4,423</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>1,281,629</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>480,685</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>2,249</td><td>16,819</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>724</td><td>-</td><td>14,019</td><td>149</td><td>-</td><td>-</td><td>-</td><td>63</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>350</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>2,155</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>83</td><td>2</td><td>-</td><td>-</td><td>-</td><td>37</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>1,074</td><td>2,249</td><td>1,793,234</td><td>151</td><td>11</td><td>14</td><td>-</td><td>2,256</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-431</td></tr><tr><td>Gain, or loss (-) on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-) on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-431</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1,074</td><td>173</td><td>-362,377</td><td>932</td><td>25</td><td>-12</td><td>-</td><td>1,736</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-1,130</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>431</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</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>Net increase (-), or decrease, in allowances for losses</td><td>-1,130</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>431</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-2,205</td><td>173</td><td>-362,377</td><td>932</td><td>25</td><td>-12</td><td>-1</td><td>2,167</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>1</td><td>-</td><td>2,912</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-2,204</td><td>173</td><td>-359,465</td><td>943</td><td>25</td><td>-12</td><td>-1</td><td>2,167</td></tr><tr><td colspan="9">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-24,185</td><td>422 r</td><td>19/</td><td>20/</td><td>197</td><td>-800</td><td>-5</td><td>12,469</td></tr><tr><td>Net income, or loss (-)</td><td>-2,204</td><td>173</td><td>-359,465</td><td>943</td><td>25</td><td>-12</td><td>-1</td><td>2,167</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-943</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>Balance at end of reporting period</td><td>-27,069</td><td>595</td><td>-359,465</td><td>-</td><td>222</td><td>-812</td><td>-6</td><td>14,636</td></tr></table>
Footnotes at end of Section III.
84
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>Legislative Branch Government Printing Office</th><th>Civil Service Commission</th><th>Veterans' Administration</th><th>General Services Administration Buildings management fund</th><th>General supply fund</th><th>Other 21/</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td>486,632</td><td>45,346</td><td>4,816</td><td>66,717</td><td>93,093</td><td>86,473</td><td>1,336</td></tr><tr><td>Sales of goods and services</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>1,035</td><td>-</td><td>-</td><td>415</td><td>-</td><td>-</td><td>620</td></tr><tr><td>Other major income items</td><td>2,172</td><td>1,480</td><td>25</td><td>-</td><td>17</td><td>460</td><td>*</td></tr><tr><td>Other income</td><td>489,839</td><td>46,826</td><td>4,841</td><td>67,132</td><td>93,110</td><td>86,933</td><td>1,956</td></tr><tr><td>Total income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>160,626</td><td>-</td><td>-</td><td>65,267</td><td>-</td><td>81,813</td><td>69</td></tr><tr><td>Materials applied</td><td>36,034</td><td>13,377</td><td>70</td><td>44</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>41,453</td><td>14,279</td><td>3,897</td><td>123</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>119,418</td><td>13,970</td><td>1,113</td><td>27</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-261</td><td>-</td><td>-337</td><td>-5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-207</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>103,865</td><td>1,980</td><td>-</td><td>997</td><td>92,338</td><td>2,770</td><td>1,248</td></tr><tr><td>Depreciation</td><td>8,110</td><td>318</td><td>56</td><td>19</td><td>163</td><td>812</td><td>7</td></tr><tr><td>Administrative expenses</td><td>6,174</td><td>682</td><td>-</td><td>-</td><td>-</td><td>-</td><td>696</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on 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>1,037</td><td>-</td><td>-</td><td>629</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expenses</td><td>429</td><td>-</td><td>-</td><td>-</td><td>115</td><td>5</td><td>*</td></tr><tr><td>Total expense</td><td>476,678</td><td>44,606</td><td>4,828</td><td>67,101</td><td>92,617</td><td>85,400</td><td>2,020</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-58</td><td>-</td><td>-</td><td>-3</td><td>*</td><td>-1</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>77</td><td>18</td><td>-</td><td>*</td><td>-3</td><td>23</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>236</td><td>-</td><td>2</td><td>-</td><td>6</td><td>-60</td><td>-10</td></tr><tr><td>Total other gains, or losses (-)</td><td>242</td><td>18</td><td>2</td><td>-3</td><td>3</td><td>-38</td><td>-10</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>13,402</td><td>2,238</td><td>15</td><td>28</td><td>496</td><td>1,495</td><td>-74</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>134</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>8</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>Net increase (-), or decrease, in allowances for losses</td><td>142</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>13,545</td><td>2,238</td><td>15</td><td>28</td><td>496</td><td>1,495</td><td>-74</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-81</td><td>-</td><td>-</td><td>-</td><td>-19</td><td>-30</td><td>*</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>13,463</td><td>2,238</td><td>15</td><td>28</td><td>477</td><td>1,465</td><td>-74</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>26,833</td><td>5,663</td><td>10</td><td>-3</td><td>232</td><td>1,080</td><td>614</td></tr><tr><td>Net income, or loss (-)</td><td>13,463</td><td>2,238</td><td>15</td><td>28</td><td>477</td><td>1,465</td><td>-74</td></tr><tr><td>Capital transfers of earnings or profits to the U.S. Treasury (-)</td><td>-1,448</td><td>-</td><td>-10</td><td>-</td><td>-232</td><td>-1,080</td><td>-2</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>38,848</td><td>7,901</td><td>15</td><td>25</td><td>477</td><td>1,465</td><td>538</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
85
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
<table><tr><th rowspan="2">Account</th><th colspan="3">Agriculture Department</th><th colspan="2">Commerce Department</th><th colspan="2">Defense Department</th><th rowspan="2">Health, Education, and Welfare Department Office of the Secretary Working capital fund</th></tr><tr><th>Agricultural Research Service Working capital fund</th><th>Forest Service Working capital fund</th><th>Working capital fund</th><th>National Bureau of Standards Working capital fund 22/</th><th>Working capital fund</th><th>Air Force Department Industrial fund</th><th>Army Department Corps of Engineers</th></tr><tr><td colspan="9">INCOMES AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>1,552</td><td>7,438</td><td>1,574</td><td>13,638</td><td>843</td><td>6,859</td><td>108,271</td><td>564</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>*</td></tr><tr><td>Total income</td><td>1,558</td><td>7,438</td><td>1,574</td><td>13,638</td><td>843</td><td>6,865</td><td>108,271</td><td>565</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>1,301</td><td>-</td><td>93</td><td>68</td><td>-</td><td>1,484</td><td>161</td></tr><tr><td>Materials applied</td><td>473</td><td>631</td><td>662</td><td>1,190</td><td>109</td><td>1,177</td><td>2,917</td><td>62</td></tr><tr><td>Wages and salaries applied</td><td>845</td><td>692</td><td>625</td><td>8,344</td><td>319</td><td>3,388</td><td>-</td><td>277</td></tr><tr><td>Other applied expenses</td><td>258</td><td>2,336</td><td>243</td><td>2,427</td><td>255</td><td>-</td><td>94,803</td><td>37</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>119</td><td>-</td><td>-</td><td>-5</td><td>1</td><td>-</td><td>-11</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1,458</td><td>-</td><td>26</td></tr><tr><td>Other operating expenses</td><td>17</td><td>1,338</td><td>20</td><td>1,189</td><td>18</td><td>-</td><td>3,704</td><td>8</td></tr><tr><td>Depreciation</td><td>-</td><td>409</td><td>37</td><td>-</td><td>19</td><td>855</td><td>-</td><td>20</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on 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>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>48</td><td>66</td><td>109</td><td>-</td></tr><tr><td>Total expense</td><td>1,593</td><td>6,807</td><td>1,589</td><td>13,743</td><td>830</td><td>6,946</td><td>103,018</td><td>582</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>*</td><td>204</td><td>-1</td><td>-15</td><td>*</td><td>-</td><td>-45</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>*</td><td>-</td><td>*</td><td>-4</td><td>147</td><td>-</td></tr><tr><td>Other</td><td>*</td><td>204</td><td>-1</td><td>-15</td><td>*</td><td>-4</td><td>102</td><td>*</td></tr><tr><td>Total other gains, or losses (-)</td><td>*</td><td>204</td><td>-1</td><td>-15</td><td>*</td><td>-4</td><td>102</td><td>*</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-35</td><td>835</td><td>-16</td><td>-120</td><td>13</td><td>-84</td><td>5,355</td><td>-17</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-35</td><td>835</td><td>-16</td><td>-120</td><td>13</td><td>-84</td><td>5,355</td><td>-17</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-3</td><td>*</td><td>-7</td><td>-1</td><td>-</td><td>-21</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-35</td><td>835</td><td>-19</td><td>-120</td><td>6</td><td>-86</td><td>5,355</td><td>-38</td></tr><tr><td colspan="9">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>167</td><td>104</td><td>97</td><td>124</td><td>270</td><td>670</td><td>1,731</td><td>111</td></tr><tr><td>Net income, or loss (-)</td><td>-35</td><td>835</td><td>-19</td><td>-120</td><td>6</td><td>-86</td><td>5,355</td><td>-38</td></tr><tr><td>Capital transfers of earnings or profits to the U.S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-124</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>Balance at end of reporting period</td><td>132</td><td>940</td><td>78</td><td>-120</td><td>276</td><td>585</td><td>7,086</td><td>73</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
86
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Health, Education, and Welfare Department - (Continued)</th><th>Interior Department</th><th>Justice Department</th><th>Labor Department</th><th colspan="3">Treasury Department</th></tr><tr><th></th><th colspan="2">Public Health Service</th><th>Office of the Secretary</th><th>Federal Prisons Inc.</th><th>Office of the Secretary</th><th>Bureau of Engraving and Printing</th><th>United States Coast Guard</th><th>Yard fund</th></tr><tr><th></th><th>Service and supply fund</th><th>Narcotic hospitals Working capital fund</th><th>Working capital fund</th><th>Working capital fund</th><th>Working capital fund</th><th>Supply fund</th><th>Yard fund</th></tr><tr><td colspan="9">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>2,155</td><td>300</td><td>815</td><td>15,608</td><td>401</td><td>14,438</td><td>7,599</td><td>6,795</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>10</td><td>3</td><td>*</td><td>131</td><td>-</td><td>-</td><td>4</td><td>30</td></tr><tr><td>Total income</td><td>2,165</td><td>303</td><td>815</td><td>15,739</td><td>401</td><td>14,438</td><td>7,603</td><td>6,825</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>1,934</td><td>-</td><td>105</td><td>-</td><td>-</td><td>437</td><td>7,603</td><td>290</td></tr><tr><td>Materials applied</td><td>-</td><td>74</td><td>76</td><td>9,801</td><td>107</td><td>2,711</td><td>-</td><td>2,552</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>356</td><td>628</td><td>279</td><td>4,987</td><td>-</td><td>1,913</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>197</td><td>2,092</td><td>6</td><td>1,645</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>2</td><td>-</td><td>248</td><td>-</td><td>-159</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>*</td><td>-</td><td>431</td><td>-</td><td>110</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>117</td><td>181</td><td>76</td><td>206</td><td>-</td><td>1,344</td><td>-</td><td>1,122</td></tr><tr><td>Depreciation</td><td>8</td><td>12</td><td>7</td><td>170</td><td>7</td><td>177</td><td>-</td><td>61</td></tr><tr><td>Administrative expenses</td><td>107</td><td>-</td><td>-</td><td>187</td><td>-</td><td>2,456</td><td>-</td><td>707</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</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>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>408</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>85</td></tr><tr><td>Total expense</td><td>2,166</td><td>268</td><td>817</td><td>13,308</td><td>399</td><td>13,708</td><td>7,603</td><td>6,730</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-53</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-102</td><td>-</td><td>-3</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-9</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>154</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>*</td><td>1</td><td>*</td><td>-</td><td>-</td><td>-159</td><td>145</td><td>-3</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1</td><td>36</td><td>-2</td><td>2,431</td><td>2</td><td>571</td><td>145</td><td>92</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>136</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>142</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-1</td><td>36</td><td>-2</td><td>2,431</td><td>2</td><td>713</td><td>145</td><td>92</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-1</td><td>36</td><td>-2</td><td>2,431</td><td>2</td><td>713</td><td>145</td><td>92</td></tr><tr><td colspan="9">CHANGES IN ACCUMULATED NET INCOME OR DEPRICT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>116</td><td>264</td><td>45</td><td>15,548</td><td>-</td><td>-32</td><td>140</td><td>-121</td></tr><tr><td>Net income, or loss (-)</td><td>-1</td><td>36</td><td>-2</td><td>2,431</td><td>2</td><td>713</td><td>145</td><td>92</td></tr><tr><td>Capital transfers of earnings or profits to 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>Balance at end of reporting period</td><td>115</td><td>300</td><td>43</td><td>17,979</td><td>2</td><td>681</td><td>285</td><td>-29</td></tr></table>
Footnotes at end of Section III.
May 1958
87
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 4.- Certain Other Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>International Cooperation Administration Loan program</th><th>Veterans' Administration Loan guaranty program</th><th>General Services Administration Public Works Administration (lo liquidation)</th><th>Agriculture Department Farmers' Home Administration</th><th>Rural Electrification Administration</th><th>Commerce Department Maritime activities</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td>46,597</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of goods and services</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>491,185</td><td>22,004</td><td>2,996</td><td>1,021</td><td>16,046</td><td>26,434</td><td>4,728</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>3,259</td><td>-</td><td>283</td><td>-</td><td>92</td><td>#</td><td>956</td></tr><tr><td>Total income</td><td>541,041</td><td>22,004</td><td>3,279</td><td>1,021</td><td>16,138</td><td>26,434</td><td>5,685</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>14,965</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>6,074</td></tr><tr><td>Other operating expenses</td><td>6,055</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>23,714</td><td>-</td><td>-</td><td>-</td><td>15,004</td><td>4,340</td><td>4,283</td></tr><tr><td>Grants and contributions</td><td>69,272</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>69,272</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>39,783</td><td>11,236</td><td>-</td><td>-</td><td>2,956</td><td>25,591</td><td>-</td></tr><tr><td>Other interest</td><td>11,254</td><td>-</td><td>2,075</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>2,025</td><td>-</td><td>1,347</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>2,044</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>696</td></tr><tr><td>Total expense</td><td>162,063</td><td>11,236</td><td>3,422</td><td>-</td><td>17,973</td><td>29,930</td><td>80,325</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-12,160</td><td>-</td><td>-10</td><td>-</td><td>-8,937</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>1,541</td><td>-</td><td>1,906</td><td>-</td><td>-14</td><td>-</td><td>-351</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-5,782</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5,782</td></tr><tr><td>Other</td><td>49</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>48</td></tr><tr><td>Total other gains, or losses (-)</td><td>-16,353</td><td>-</td><td>1,896</td><td>-</td><td>-8,951</td><td>-</td><td>-6,085</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>362,626</td><td>10,767</td><td>1,753</td><td>1,021</td><td>-10,787</td><td>-3,496</td><td>-80,726</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>2,215</td><td>-</td><td>-</td><td>-</td><td>2,652</td><td>-437</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>3,207</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-1,337</td><td>-</td><td>-</td><td>-</td><td>3,952</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-5,290</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>4,085</td><td>-</td><td>-5,290</td><td>-</td><td>6,605</td><td>-437</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>366,710</td><td>10,767</td><td>-3,537</td><td>1,021</td><td>-4,182</td><td>-3,933</td><td>-80,726</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-219</td><td>-</td><td>186</td><td>-</td><td>-58</td><td>-</td><td>-427</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>366,491</td><td>10,767</td><td>-3,351</td><td>1,021</td><td>-4,240</td><td>-3,933</td><td>-81,153</td></tr><tr><td colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-2,754,790 r</td><td>-23,045</td><td>-13,192</td><td>-1,586,741</td><td>-158,842</td><td>-58,399</td><td>-1,193,739</td></tr><tr><td>Net income, or loss (-),</td><td>366,491</td><td>10,767</td><td>-3,351</td><td>1,021</td><td>-4,240</td><td>-3,933</td><td>-81,153</td></tr><tr><td>Capital transfers of earnings or profits to 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>-370,020</td><td>-5,630</td><td>-</td><td>-1,040</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-2,758,319</td><td>-17,908</td><td>-16,543</td><td>-1,586,760</td><td>-163,082</td><td>-62,333</td><td>-1,274,891</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
88
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th>Defense Department</th><th>Health, Education, and Welfare Department</th><th colspan="3">Interior Department</th><th>Treasury Department</th></tr><tr><th>Army Department Guaranteed loans - World War II</th><th>Office of Education Loans to students</th><th>Office of the Secretary Southeastern Power Administration</th><th>Southwestern Power Administration</th><th>Honenville Power Administration</th><th>Miscellaneous loans and certain other assets</th></tr><tr><td colspan="7">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>6,637</td><td>5,757</td><td>34,202</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>7</td><td>*</td><td>-</td><td>-</td><td>417,949</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>*</td><td>-</td><td>663</td><td>1,265</td></tr><tr><td>Other income</td><td>-</td><td>7</td><td>6,638</td><td>5,757</td><td>34,865</td><td>419,214</td></tr><tr><td>Total income</td><td>-</td><td>7</td><td>6,638</td><td>5,757</td><td>34,865</td><td>419,214</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>938</td><td>3,147</td><td>4,795</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>2</td><td>332</td><td>5,718</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>67</td><td>21</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>300</td><td>3,854</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>*</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>*</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>*</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>-</td><td>-</td><td>1,007</td><td>3,801</td><td>14,367</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-3</td><td>-3,207</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-1</td><td>-</td><td>-</td><td>2</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-4</td><td>-</td><td>-</td><td>-1</td><td>-3,207</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-</td><td>3</td><td>5,630</td><td>1,956</td><td>20,497</td><td>416,007</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,207</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</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>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,207</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-</td><td>3</td><td>5,630</td><td>1,956</td><td>20,497</td><td>419,214</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-1</td><td>81</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-</td><td>3</td><td>5,629</td><td>2,037</td><td>20,497</td><td>419,214</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-4,604</td><td>-126</td><td>50,700</td><td>12,091 r</td><td>39,673</td><td>181,435</td></tr><tr><td>Net income, or loss (-)</td><td>-</td><td>3</td><td>5,629</td><td>2,037</td><td>20,497</td><td>419,214</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-363,343</td></tr><tr><td>Other</td><td>-</td><td>-7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-4,604</td><td>-130</td><td>56,329</td><td>14,127</td><td>60,170</td><td>237,306</td></tr></table>
Footnotes at end of Section III.
May 1958
89
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II
Income and Expense for the Six Months Ended December 31, 1957
Table 5.- Certain Deposit Funds
(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 colspan="5">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>39,976</td><td>537</td><td>25,106</td><td>14,333</td></tr><tr><td>Other interest income</td><td>31,089</td><td>9,394</td><td>3</td><td>21,691</td></tr><tr><td>Guaranty and insurance premiums</td><td>34,825</td><td>-</td><td>34,825</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>52</td><td>46</td><td>*</td><td>6</td></tr><tr><td>Total income</td><td>105,942</td><td>9,977</td><td>59,934</td><td>36,030</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increases (-), or decreases, in:</td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>5,068</td><td>-</td><td>5,068</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>1</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>2,509</td><td>1,324</td><td>-</td><td>1,185</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>28,031</td><td>5,080</td><td>-</td><td>22,950</td></tr><tr><td>Other</td><td>318</td><td>-</td><td>-</td><td>218</td></tr><tr><td>Other major expense items</td><td>124</td><td>-</td><td>17</td><td>107</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>36,051</td><td>6,405</td><td>5,085</td><td>24,562</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-106</td><td>-26</td><td>-80</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>1</td><td>*</td><td>-</td><td>1</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-247</td><td>*</td><td>-196</td><td>-51</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-351</td><td>-25</td><td>-276</td><td>-50</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>69,539</td><td>3,547</td><td>54,574</td><td>11,419</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-23</td><td>-23</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>22</td><td>22</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>83</td><td>3</td><td>80</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>81</td><td>1</td><td>80</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>69,621</td><td>3,549</td><td>54,654</td><td>11,419</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>424</td><td>-</td><td>424</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>70,045</td><td>3,549</td><td>55,078</td><td>11,419</td></tr><tr><td colspan="5">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>1,942,229</td><td>91,066</td><td>1,795,382</td><td>55,781</td></tr><tr><td>Net income, or loss (-)</td><td>70,045</td><td>3,549</td><td>55,078</td><td>11,419</td></tr><tr><td>Capital transfer of earnings or profits to the U.S. Treasury (-)</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-9,546</td><td>*</td><td>-</td><td>-9,546</td></tr><tr><td>Balance at end of reporting period</td><td>2,002,728</td><td>94,615</td><td>1,850,459</td><td>57,654</td></tr></table>
Footnotes at end of Section III.
90
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Six Months Ended December 31, 1957
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 23/</th><th>Civil Service Commission</th><th>Farm Credit Administration</th><th>General Services Administration</th><th>Housing and Home Finance Agency</th><th>Defense Department</th></tr><tr><td></td><td></td><td>Employees' life insurance fund</td><td>Federal intermediate credit banks</td><td>Franklin D. Roosevelt Library fund</td><td>National Archives trust fund</td><td>Fed. National Mortgage Assoc. Secondary market operations</td><td>Army Department</td><td>United States Soldiers' Home revolving fund</td></tr><tr><th colspan="8">INCOME AND EXPENSE</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services.</td><td>92</td><td>-</td><td>-</td><td>22</td><td>24</td><td>-</td><td>45</td><td></td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities.</td><td>1,449</td><td>203</td><td>1,245</td><td>-</td><td>-</td><td>32,736</td><td>-</td><td></td></tr><tr><td>Other interest income.</td><td>54,127</td><td>-</td><td>21,392</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Other major income items.</td><td>58,219</td><td>53,739</td><td>-</td><td>-</td><td>-</td><td>4,480</td><td>-</td><td></td></tr><tr><td>Other income.</td><td>33,080</td><td>32,323</td><td>119</td><td>*</td><td>9</td><td>129</td><td>-</td><td></td></tr><tr><td>Total income.</td><td>126,967</td><td>86,766</td><td>22,756</td><td>22</td><td>33</td><td>37,344</td><td>45</td><td></td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>47</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>44</td><td></td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Other applied expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Finished goods.</td><td>281</td><td>-</td><td>240</td><td>18</td><td>24</td><td>-</td><td>-</td><td></td></tr><tr><td>Other operating expenses.</td><td>2</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Depreciation.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Administrative expenses.</td><td>3,421</td><td>60</td><td>1,581</td><td>-</td><td>-</td><td>1,780</td><td>-</td><td></td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>1,998</td><td>-</td><td>19,620</td><td>-</td><td>-</td><td>1,998</td><td>-</td><td></td></tr><tr><td>Other.</td><td>43,000</td><td>53,417</td><td>-</td><td>-</td><td>-</td><td>23,381</td><td>-</td><td></td></tr><tr><td>Other major expense items.</td><td>57,015</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,598</td><td>-</td><td></td></tr><tr><td>Miscellaneous expense.</td><td>3,314</td><td>-</td><td>*</td><td>-</td><td>-</td><td>3,314</td><td>-</td><td></td></tr><tr><td>Total expenses.</td><td>109,080</td><td>53,478</td><td>21,441</td><td>18</td><td>26</td><td>34,072</td><td>45</td><td></td></tr><tr><td>Other gain, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-3</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>*</td><td>-</td><td></td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>46</td><td>-</td><td>46</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Other.</td><td>43</td><td>-</td><td>43</td><td>-</td><td>-</td><td>*</td><td>-</td><td></td></tr><tr><td>Total other gains, or losses (-).</td><td>43</td><td>-</td><td>43</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>37,930</td><td>33,288</td><td>1,358</td><td>4</td><td>8</td><td>3,273</td><td>-</td><td></td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-203</td><td>-</td><td></td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Allowance for losses on fixed assets.</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Allowance for losses on inventories.</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>Net increase (-), or decrease, in allowances for losses.</td><td>-202</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-203</td><td>-</td><td></td></tr><tr><td>Net income, or loss (-), for the period.</td><td>37,729</td><td>33,288</td><td>1,360</td><td>4</td><td>8</td><td>3,069</td><td>-</td><td></td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-1</td><td>-</td><td>-</td><td>*</td><td>-1</td><td>-</td><td>-</td><td></td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>37,727</td><td>33,288</td><td>1,360</td><td>4</td><td>6</td><td>3,069</td><td>-</td><td></td></tr><tr><th colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th></tr><tr><td>Balance at end of previous fiscal year.</td><td>77,284</td><td>9,261</td><td>63,173</td><td>185</td><td>52</td><td>4,601</td><td>12</td><td></td></tr><tr><td>Net income, or loss (-).</td><td>37,727</td><td>33,288</td><td>1,360</td><td>4</td><td>6</td><td>3,069</td><td>-</td><td></td></tr><tr><td>Capital transfer of earnings or profits to 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>-1,563</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,553</td><td>-10</td><td></td></tr><tr><td>Balance at end of reporting period.</td><td>113,448</td><td>42,549</td><td>64,533</td><td>188</td><td>58</td><td>6,118</td><td>2</td><td></td></tr></table>
Footnotes at end of Section III.
May 1958
91
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 1.- Summary for Specified Classes of Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Public enterprise revolving funds (See Table 2)</th><th>Intragovernmental revolving funds (See Table 3)</th><th>Certain other activities (See Table 4)</th></tr><tr><td colspan="5"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>2,317,724</td><td>2,040,546</td><td>-</td><td>277,178</td></tr><tr><td>Cost of security or collateral acquired</td><td>102,445</td><td>102,397</td><td>-</td><td>48</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>129,037</td><td>93,645</td><td>10,923</td><td>24,469</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>7</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>104,584</td><td>41,490</td><td>291</td><td>62,803</td></tr><tr><td>Total acquisition of assets</td><td>2,653,798</td><td>2,278,086</td><td>11,214</td><td>364,498</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>4,396,200</td><td>3,204,533</td><td>1,031,958</td><td>159,709</td></tr><tr><td>Increase in selected working capital</td><td>183,993</td><td>55,055</td><td>47,422</td><td>81,516</td></tr><tr><td>Total funds applied to operations</td><td>7,233,992</td><td>5,537,674</td><td>1,090,594</td><td>605,724</td></tr><tr><td colspan="5"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>763,807</td><td>576,194</td><td>-</td><td>187,612</td></tr><tr><td>Sale of acquired security or collateral</td><td>3,767</td><td>3,663</td><td>-</td><td>104</td></tr><tr><td>Sale of fixed assets</td><td>10,810</td><td>8,189</td><td>1,357</td><td>1,264</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>5</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>176,095</td><td>65,168</td><td>3</td><td>110,924</td></tr><tr><td>Total realization of assets</td><td>954,483</td><td>653,219</td><td>1,360</td><td>299,904</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income</td><td>4,746,763</td><td>3,117,607</td><td>1,088,064</td><td>541,091</td></tr><tr><td>Decrease in selected working capital</td><td>178,576</td><td>164,986</td><td>10,791</td><td>2,798</td></tr><tr><td>Total funds provided by operations</td><td>5,879,822</td><td>3,935,812</td><td>1,100,216</td><td>843,794</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied or provided (-))</td><td>1,354,170</td><td>1,601,863</td><td>-9,622</td><td>-238,070</td></tr><tr><td colspan="5"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>2,039,747</td><td>1,826,396</td><td>12,500</td><td>200,851</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>3,225,605</td><td>2,969,682</td><td>-</td><td>255,924</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>25,142</td><td>25,142</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>48,423</td><td>6,128</td><td>291</td><td>42,004</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>5,338,917</td><td>4,827,348</td><td>12,791</td><td>498,778</td></tr><tr><td>Increase in other borrowings</td><td>832,708</td><td>832,708</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>55,046</td><td>55,046</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>220,661</td><td>198,016</td><td>10,130</td><td>12,514</td></tr><tr><td>Total funds provided by financing</td><td>6,447,332</td><td>5,913,118</td><td>22,921</td><td>511,292</td></tr><tr><td colspan="5"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>4,019,689</td><td>3,852,275</td><td>-</td><td>167,414</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>102,180</td><td>21,667</td><td>-</td><td>80,513</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>394,432</td><td>29,633</td><td>1,448</td><td>363,350</td></tr><tr><td>General and special fund revenue deposited</td><td>73,691</td><td>-1</td><td>-</td><td>73,691</td></tr><tr><td>Other</td><td>9,242</td><td>9,241</td><td>-</td><td>1</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>4,599,234</td><td>3,912,816</td><td>1,448</td><td>684,970</td></tr><tr><td>Decrease in borrowings from the public</td><td>33,424</td><td>33,424</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>56,867</td><td>56,867</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>403,756</td><td>308,149</td><td>31,096</td><td>64,511</td></tr><tr><td>Total funds applied to financing</td><td>5,093,280</td><td>4,311,255</td><td>32,544</td><td>749,481</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>1,354,051</td><td>1,601,863</td><td>-9,622</td><td>-238,189</td></tr></table>
Treasury Bulletin
92
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2. - Public Enterprise Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>International Cooperation Administration</th><th>Atomic Energy Commission</th><th colspan="3">Export-Import Bank of Washington</th><th>Federal Civil Defense Administration</th></tr><tr><th></th><th></th><th>Foreign investment guarantee fund</th><th>Defense production guarantees</th><th>Regular lending activities</th><th>Liquidation of certain Reconstruction Finance Corporation assets</th><th>Expansion of defense production</th><th>Civil defense procurement fund</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>2,040,546</td><td>-</td><td>-</td><td>509,966</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>102,397</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>93,645</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>41,490</td><td>-</td><td>-</td><td>12,500</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>2,278,036</td><td>-</td><td>-</td><td>522,480</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>3,204,533</td><td>-</td><td>*</td><td>14,259</td><td>235</td><td>448</td><td>312</td></tr><tr><td>Increase in selected working capital</td><td>55,055</td><td>-</td><td>*</td><td>1,955</td><td>-</td><td>-</td><td>341</td></tr><tr><td>Total funds applied to operations</td><td>5,537,674</td><td>-</td><td>*</td><td>538,694</td><td>235</td><td>474</td><td>654</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>576,194</td><td>-</td><td>-</td><td>151,270</td><td>6,025</td><td>2,134</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>3,663</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>8,189</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>65,168</td><td>-</td><td>-</td><td>12,500</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>653,219</td><td>-</td><td>-</td><td>163,770</td><td>6,025</td><td>2,134</td><td>-</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income</td><td>3,117,607</td><td>251</td><td>40</td><td>46,965</td><td>301</td><td>869</td><td>312</td></tr><tr><td>Decrease in selected working capital</td><td>164,986</td><td>*</td><td>-</td><td>-</td><td>78</td><td>3</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>3,935,812</td><td>252</td><td>40</td><td>210,735</td><td>6,404</td><td>3,006</td><td>312</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>1,601,863</td><td>-252</td><td>-40</td><td>327,959</td><td>-6,169</td><td>-2,531</td><td>341</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>1,826,396</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>2,969,682</td><td>-</td><td>-</td><td>363,000</td><td>-</td><td>671</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>25,142</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>6,128</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>4,827,348</td><td>-</td><td>-</td><td>363,000</td><td>-</td><td>671</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>832,708</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>55,046</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>198,016</td><td>-</td><td>-</td><td>41,159</td><td>-</td><td>-</td><td>3,841</td></tr><tr><td>Total funds provided by financing</td><td>5,913,118</td><td>-</td><td>-</td><td>404,159</td><td>-</td><td>671</td><td>3,841</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations leaped, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>3,852,275</td><td>-</td><td>-</td><td>53,700</td><td>6,135</td><td>3,198</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>21,667</td><td>-</td><td>-</td><td>-</td><td>25</td><td>-</td><td>3,500</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>29,633</td><td>-</td><td>-</td><td>22,500</td><td>8</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>9,241</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>3,912,816</td><td>-</td><td>-</td><td>76,200</td><td>6,168</td><td>3,198</td><td>3,500</td></tr><tr><td>Decrease in borrowings from the public</td><td>33,424</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>56,867</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>308,149</td><td>252</td><td>40</td><td>-</td><td>1</td><td>4</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>4,311,255</td><td>252</td><td>40</td><td>76,200</td><td>6,169</td><td>3,202</td><td>3,500</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>1,601,863</td><td>-252</td><td>-40</td><td>327,959</td><td>-6,169</td><td>-2,531</td><td>341</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
May 1958
93
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Farm Credit Administration</th><th colspan="3">Federal Home Loan Bank Board</th><th>Panama Canal Company</th><th>Saint Lawrence Sewer Development Corporation</th></tr><tr><th></th><th>Federal Farm Mortgage Corporation</th><th>Agricultural marketing revolving fund</th><th>Revolving fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Home Owners' Loan Corporation (liquidated)</th><th></th><th></th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>-</td><td>9</td><td>6</td><td>-</td><td>3,050</td><td>29,649</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</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>1,147</td></tr><tr><td>Total acquisition of assets.</td><td>-</td><td>-</td><td>9</td><td>6</td><td>-</td><td>3,050</td><td>30,796</td></tr><tr><td>Operating and other expense (excluding depreciation).</td><td>70</td><td>-</td><td>2,900</td><td>560</td><td>-</td><td>36,989</td><td>-</td></tr><tr><td>Increase in selected working capital.</td><td>1</td><td>-</td><td>121</td><td>-</td><td>2</td><td>-</td><td>4,947</td></tr><tr><td>Total funds applied to operations.</td><td>72</td><td>-</td><td>3,031</td><td>566</td><td>2</td><td>40,040</td><td>35,744</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>258</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issue of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>1,978</td><td>5,726</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>1,978</td><td>5,726</td><td>-</td><td>24</td><td>-</td><td>258</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>408</td><td>2</td><td>2,831</td><td>18,377</td><td>-</td><td>43,514</td><td>1,147</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>793</td><td>-</td><td>565</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>2,387</td><td>5,728</td><td>2,831</td><td>19,194</td><td>-</td><td>44,337</td><td>1,147</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>-2,315</td><td>-5,728</td><td>200</td><td>-18,628</td><td>2</td><td>-4,298</td><td>34,596</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>34,600</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>Capital and surplus advances 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>Total increase in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>34,600</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>212</td><td>-</td><td>200</td><td>-</td><td>22</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>212</td><td>-</td><td>200</td><td>-</td><td>22</td><td>-</td><td>34,600</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>10</td><td>-</td><td>-</td><td>16,170</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>2,500</td><td>-</td><td>-</td><td>1,093</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</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>Total decrease in investment of the U. S. Government.</td><td>2,510</td><td>-</td><td>-</td><td>17,263</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>17</td><td>-</td><td>-</td><td>160</td><td>20</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>5,728</td><td>-</td><td>1,205</td><td>-</td><td>4,298</td><td>4</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>2,527</td><td>5,728</td><td>-</td><td>18,628</td><td>20</td><td>4,298</td><td>4</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-2,315</td><td>-5,728</td><td>200</td><td>-18,628</td><td>2</td><td>-4,298</td><td>34,596</td></tr></table>
(Continued on following page)
94
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Small Business Administration 24/ revolving fund</th><th>Reconstruction Finance Corporation liquidation fund 8/</th><th>Tennessee Valley Authority</th><th>United States Information Agency informational media guaranty fund</th><th>Canteen service revolving fund</th><th>Direct loans to veterans and reserves</th><th>Rental, maintenance, and repair of quarters</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made....................</td><td>55,962</td><td>-</td><td>-</td><td>-</td><td>-</td><td>135,765</td><td>-</td></tr><tr><td>Cost of security or collateral acquired....</td><td>166</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets....................</td><td>-</td><td>58</td><td>50,870</td><td>-</td><td>245</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises....................</td><td>-</td><td>-</td><td>-</td><td>4,982</td><td>-</td><td>882</td><td>-</td></tr><tr><td>Other....................</td><td>250</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets....................</td><td>56,377</td><td>109</td><td>50,870</td><td>4,982</td><td>245</td><td>136,646</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)....................</td><td>6,496</td><td>564</td><td>79,891</td><td>192</td><td>16,927</td><td>7,983</td><td>41</td></tr><tr><td>Increase in selected working capital....................</td><td>2,809</td><td>-</td><td>12,071</td><td>-</td><td>-</td><td>-</td><td>3</td></tr><tr><td>Total funds applied to operations....................</td><td>65,680</td><td>673</td><td>142,832</td><td>5,174</td><td>17,173</td><td>144,630</td><td>44</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans....................</td><td>17,739</td><td>4,057</td><td>-</td><td>-</td><td>-</td><td>16,972</td><td>-</td></tr><tr><td>Sale of acquired security or collateral....................</td><td>104</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets....................</td><td>-</td><td>-</td><td>1,323</td><td>-</td><td>8</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other....................</td><td>11</td><td>347</td><td>1</td><td>3,279</td><td>-</td><td>380</td><td>-</td></tr><tr><td>Total realization of assets....................</td><td>17,854</td><td>4,459</td><td>1,324</td><td>3,279</td><td>8</td><td>17,352</td><td>-</td></tr><tr><td>Capital stock issued to the public....................</td><td>4,495</td><td>395</td><td>122,943</td><td>54</td><td>17,627</td><td>12,196</td><td>38</td></tr><tr><td>Decrease in selected working capital....................</td><td>-</td><td>235</td><td>-</td><td>192</td><td>526</td><td>2,199</td><td>-</td></tr><tr><td>Total funds provided by operations....................</td><td>22,349</td><td>5,089</td><td>124,267</td><td>3,525</td><td>18,161</td><td>31,747</td><td>38</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>43,331</td><td>-4,416</td><td>18,565</td><td>1,649</td><td>-988</td><td>112,883</td><td>5</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government: Appropriations enacted....................</td><td>100,000</td><td>-</td><td>13,317</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>1,700</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances 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>Total increase in investment of the U. S. Government....................</td><td>100,000</td><td>-</td><td>13,317</td><td>1,700</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings....................</td><td>-</td><td>156</td><td>7,084</td><td>-</td><td>-</td><td>112,883</td><td>5</td></tr><tr><td>Decrease in selected cash and fund balances....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing....................</td><td>100,000</td><td>156</td><td>20,401</td><td>1,700</td><td>-</td><td>112,883</td><td>5</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government: Appropriations lapsed, rescinded, or transferred....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury....................</td><td>-</td><td>4,525</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>385</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>543</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other....................</td><td>-</td><td>47</td><td>1,836</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government....................</td><td>-</td><td>4,572</td><td>1,836</td><td>-</td><td>928</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings....................</td><td>56,669</td><td>-</td><td>-</td><td>51</td><td>60</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing....................</td><td>56,669</td><td>4,572</td><td>1,836</td><td>51</td><td>988</td><td>-</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)....................</td><td>43,331</td><td>-4,416</td><td>18,565</td><td>1,649</td><td>-988</td><td>112,883</td><td>5</td></tr></table>
Footnotee at end of Section.
(Continued on following page)
May 1958
95
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="4">Veterans' Administration - (Continued)</th><th colspan="3">General Services Administration</th></tr><tr><th></th><th>Service-disabled veterans' insurance fund</th><th>Soldiers' and sailors' civil relief</th><th>Veterans' special term insurance fund</th><th>Vocational rehabilitation revolving fund</th><th>Public buildings</th><th>Maintenance, etc., of buildings, Washington, D.C.</th><th>Alaska fiber program</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>120</td><td>17</td><td>-</td><td>177</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>2</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>122</td><td>17</td><td>1</td><td>177</td><td>-</td><td>-</td><td>8</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>1,783</td><td>-</td><td>2,722</td><td>-</td><td>8</td><td>4</td><td>1,504</td></tr><tr><td>Increase in selected working capital</td><td>2</td><td>*</td><td>478</td><td>1</td><td>27</td><td>1</td><td>581</td></tr><tr><td>Total funds applied to operations</td><td>1,907</td><td>17</td><td>3,201</td><td>179</td><td>45</td><td>5</td><td>2,093</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>53</td><td>2</td><td>-</td><td>158</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>54</td><td>2</td><td>1</td><td>158</td><td>-</td><td>-</td><td>23</td></tr><tr><td>Capital stock issued to the public</td><td>1,421</td><td>3</td><td>9,973</td><td>-</td><td>288</td><td>21</td><td>1,774</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>1,474</td><td>5</td><td>9,974</td><td>158</td><td>288</td><td>21</td><td>1,797</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>432</td><td>12</td><td>-6,773</td><td>21</td><td>-243</td><td>-16</td><td>296</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>1,500</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>Capital and surplus advances 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>Total increase in investment of the U. S. Government</td><td>1,500</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>12</td><td>127</td><td>21</td><td>-</td><td>19</td><td>296</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>1,500</td><td>12</td><td>127</td><td>21</td><td>-</td><td>19</td><td>296</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital end surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td></tr><tr><td>General and special fund revenues deposited</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>Total decrease in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>6,900</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>1,068</td><td>-</td><td>-</td><td>-</td><td>243</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>1,068</td><td>-</td><td>6,900</td><td>-</td><td>243</td><td>35</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>432</td><td>12</td><td>-6,773</td><td>21</td><td>-243</td><td>-16</td><td>296</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
96
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Federal Facilities Corporation 10/</th><th>World War II Reconstruction Finance Corporation in liquidation 11/</th><th>Smaller War Plants Corporation (in liquidation) 11/</th><th>Expansion of defense production</th><th>Defense production guarantees</th><th>Office of the Administrator College housing loans</th><th>Public facility loans</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td>65,626</td><td>4,080</td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>4,683</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>7,192</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>-</td><td>-</td><td>-</td><td>11,875</td><td>-</td><td>65,626</td><td>4,080</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>223</td><td>36</td><td>-</td><td>240,128</td><td>2</td><td>3,939</td><td>273</td></tr><tr><td>Increase in selected working capital</td><td>26</td><td>-</td><td>-</td><td>-</td><td>60</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>243</td><td>36</td><td>-</td><td>252,003</td><td>62</td><td>69,565</td><td>4,353</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td>1,094</td><td>-</td></tr><tr><td>Repayment of loans</td><td>-</td><td>-</td><td>125</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>3,097</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>6</td><td>-</td><td>-</td><td>10,754</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>6</td><td>*</td><td>125</td><td>13,851</td><td>-</td><td>1,094</td><td>-</td></tr><tr><td>Capital stock issued to the public</td><td>221</td><td>84</td><td>6</td><td>29,791</td><td>238</td><td>3,619</td><td>68</td></tr><tr><td>Income</td><td>-</td><td>288</td><td>4</td><td>64,732</td><td>-</td><td>1,479</td><td>195</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>227</td><td>373</td><td>135</td><td>108,375</td><td>238</td><td>6,192</td><td>264</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>21</td><td>-337</td><td>-135</td><td>14,3,629</td><td>-176</td><td>63,374</td><td>4,089</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>-</td><td>125,000</td><td>-</td><td>79,000</td><td>6,600</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>Capital and surplus advances 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>Total increase in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>125,000</td><td>-</td><td>79,000</td><td>6,600</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>18,629</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>21</td><td>-</td><td>-</td><td>14,3,629</td><td>-</td><td>79,000</td><td>6,600</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</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>Total decrease in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>176</td><td>15,626</td><td>2,511</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>337</td><td>135</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>-</td><td>337</td><td>135</td><td>-</td><td>176</td><td>15,626</td><td>2,511</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>21</td><td>-337</td><td>-135</td><td>14,3,629</td><td>-176</td><td>63,374</td><td>4,089</td></tr></table>
Footnote at end of Section.
(Continued on following page)
May 1958
97
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th colspan="7">Housing and Home Finance Agency - (Continued)</th></tr><tr><th>Account</th><th>Office of the Administrator - (Continued)</th><th></th><th></th><th></th><th>Federal National Mortgage Association</th><th></th></tr><tr><th></th><th>Public works planning fund</th><th>Liquidating programs 12/</th><th>Urban renewal fund</th><th>Community disposal operations fund</th><th>Management and liquidating functions</th><th>Special assistance functions</th><th>Federal Housing Administration</th></tr><tr><td><b>FUNDS APPLIED TO OPERATIONS</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>16,304</td><td>4,824</td><td>246</td><td>47,526</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26,449</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>34</td><td>-</td><td>-</td><td>46</td><td>-</td><td>69</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td></tr><tr><td>Other</td><td>1,201</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>1,201</td><td>34</td><td>16,304</td><td>4,824</td><td>291</td><td>47,526</td><td>26,525</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>-</td><td>1,479</td><td>10,788</td><td>362</td><td>35,724</td><td>893</td><td>24,362</td></tr><tr><td>Increase in selected working capital</td><td>1</td><td>-</td><td>73</td><td>-</td><td>6,075</td><td>-</td><td>3,162</td></tr><tr><td>Total funds applied to operations</td><td>1,203</td><td>1,513</td><td>27,165</td><td>5,185</td><td>42,090</td><td>48,419</td><td>54,050</td></tr><tr><td><b>FUNDS PROVIDED BY OPERATIONS</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>904</td><td>10,377</td><td>623</td><td>66,709</td><td>324</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,458</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>3,191</td><td>-</td><td>-</td><td>5</td><td>-</td><td>7</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td></tr><tr><td>Other</td><td>510</td><td>5,947</td><td>-</td><td>9,732</td><td>-</td><td>-</td><td>6,982</td></tr><tr><td>Total realization of assets</td><td>510</td><td>10,042</td><td>10,377</td><td>10,355</td><td>66,714</td><td>324</td><td>10,452</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>6,063</td><td>1,139</td><td>198</td><td>49,158</td><td>3,043</td><td>79,287</td></tr><tr><td>Income</td><td>-</td><td>360</td><td>-</td><td>526</td><td>-</td><td>665</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>510</td><td>16,465</td><td>11,516</td><td>11,078</td><td>115,872</td><td>4,031</td><td>89,739</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>693</td><td>-14,952</td><td>15,648</td><td>-5,893</td><td>-73,782</td><td>44,388</td><td>-35,689</td></tr><tr><td><b>FUNDS PROVIDED BY FINANCING</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>5,000</td><td>-</td><td>15,000</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>24,700</td><td>49,704</td><td>-</td></tr><tr><td>Capital and surplus advances 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>5,891</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>5,000</td><td>5,891</td><td>15,000</td><td>-</td><td>24,700</td><td>49,704</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>802,061</td><td>-</td><td>30,647</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,476</td><td>-</td><td>10,570</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>648</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>5,000</td><td>5,891</td><td>15,648</td><td>-</td><td>871,237</td><td>49,704</td><td>41,217</td></tr><tr><td><b>FUNDS APPLIED TO FINANCING</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>932,459</td><td>2,483</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,445</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>3,158</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>-</td><td>3,158</td><td>-</td><td>-</td><td>932,459</td><td>4,928</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>8</td><td>-</td><td>-</td><td>10,046</td><td>-</td><td>33,387</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,512</td><td>389</td><td>39,753</td></tr><tr><td>Increase in selected cash and fund balances</td><td>4,307</td><td>17,677</td><td>-</td><td>5,893</td><td>-</td><td>-</td><td>3,766</td></tr><tr><td>Total funds applied to financing</td><td>4,307</td><td>20,843</td><td>-</td><td>5,893</td><td>945,019</td><td>5,316</td><td>76,906</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>693</td><td>-14,952</td><td>15,648</td><td>-5,893</td><td>-73,782</td><td>44,388</td><td>-35,689</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
98
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
- Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.
Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Housing and Home Finance Agency - (Continued)</th><th>Commodity Credit Corporation</th><th>Federal Crop Insurance Corporation 13/</th><th>Farmers' Home Administration</th><th>Disaster loans, etc., revolving fund</th><th>Farm tenant mortgage insurance fund</th><th>Expansion of defense production</th><th>Commerce Department 25/</th></tr><tr><th></th><th>Public Housing Administration</th><th></th><th></th><th colspan="4">Agriculture Department</th><th>Maritime activities</th><th>Federal ship mortgage insurance fund</th></tr><tr><td>FUNDS APPLIED TO OPERATIONS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.....................................</td><td>90,047</td><td>1,073,942</td><td>-</td><td>-</td><td>15,347</td><td>9,277</td><td>-</td><td>3,952</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.....</td><td>-</td><td>75,724</td><td>-</td><td>-</td><td>1</td><td>8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets....................</td><td>25</td><td>134</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt end issues of wholly owned Government enterprises....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other............................................</td><td>4</td><td>169</td><td>-</td><td>-</td><td>17</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets....................</td><td>90,076</td><td>1,149,969</td><td>-</td><td>-</td><td>15,365</td><td>9,285</td><td>-</td><td>3,952</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)....................</td><td>56,744</td><td>813,532</td><td>16,724</td><td>-</td><td>2,026</td><td>146</td><td>824</td><td>26</td><td>-</td></tr><tr><td>Increase in selected working capital........</td><td>-</td><td>12,055</td><td>-</td><td>-</td><td>6,152</td><td>-</td><td>2,273</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations............</td><td>146,820</td><td>1,975,556</td><td>16,724</td><td>-</td><td>23,973</td><td>9,431</td><td>3,097</td><td>3,978</td><td>-</td></tr><tr><td>FUNDS PROVIDED BY OPERATIONS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans................................</td><td>80,303</td><td>160,868</td><td>-</td><td>-</td><td>47,782</td><td>1,047</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral......</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>19</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets................................</td><td>266</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises....................</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>6,769</td><td>-</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets....................</td><td>80,568</td><td>167,637</td><td>-</td><td>-</td><td>47,807</td><td>1,065</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public............</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income............................................</td><td>3,649</td><td>1,159,597</td><td>17,617</td><td>-</td><td>1,984</td><td>285</td><td>-</td><td>359</td><td>-</td></tr><tr><td>Decrease in selected working capital........</td><td>3,152</td><td>-</td><td>2,573</td><td>-</td><td>-</td><td>1,696</td><td>-</td><td>3,339</td><td>-</td></tr><tr><td>Total funds provided by operations............</td><td>87,369</td><td>1,327,234</td><td>20,190</td><td>-</td><td>49,791</td><td>3,047</td><td>-</td><td>3,698</td><td>-</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>59,451</td><td>648,322</td><td>-3,465</td><td>-</td><td>-25,818</td><td>6,384</td><td>3,097</td><td>280</td><td>-</td></tr><tr><td>FUNDS PROVIDED BY FINANCING</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted................................</td><td>106,440</td><td>1,239,789</td><td>6,377</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury....................</td><td>68,000</td><td>2,188,000</td><td>-</td><td>-</td><td>-</td><td>6,610</td><td>3,097</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other............................................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government....................</td><td>174,440</td><td>3,427,789</td><td>6,377</td><td>-</td><td>-</td><td>6,610</td><td>3,097</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances....</td><td>-</td><td>5,534</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>280</td><td>-</td></tr><tr><td>Total funds provided by financing............</td><td>174,440</td><td>3,433,322</td><td>6,377</td><td>-</td><td>-</td><td>6,610</td><td>3,097</td><td>280</td><td>-</td></tr><tr><td>FUNDS APPLIED TO FINANCING</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury....................</td><td>60,000</td><td>2,785,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury....................</td><td>509</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited....................</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-</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><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government....................</td><td>60,509</td><td>2,785,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public........</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances....</td><td>54,481</td><td>-</td><td>9,842</td><td>-</td><td>25,818</td><td>226</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing............</td><td>114,989</td><td>2,785,000</td><td>9,842</td><td>-</td><td>25,818</td><td>226</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>59,451</td><td>648,322</td><td>-3,465</td><td>-</td><td>-25,818</td><td>6,384</td><td>3,097</td><td>280</td><td>-</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
May 1958
99
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
<table><tr><th colspan="7">(In thousands of dollars)</th></tr><tr><th rowspan="2">Account</th><th colspan="2">Commerce Department - (Continued) 25/</th><th colspan="2">Defense Department</th><th colspan="2">H&amp;W Department</th></tr><tr><th>Vessel operations revolving fund</th><th>War risk insurance revolving fund</th><th>Inland Waterways Corporation</th><th>Air Force Department</th><th>Army Department</th><th>Public Health Service</th><th>Social Security Administration</th></tr><tr><th></th><th colspan="6">Defense production guarantees</th><th>Operation of commissaries, Federal Credit Unions</th></tr><tr><th colspan="7">FUNDS APPLIED TO OPERATIONS</th><th>narcotic hospitals</th></tr><tr><td>Acquisition of assets:</td><td>-</td><td>-</td><td>-</td><td>3,313</td><td>373</td><td>-</td><td>-</td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</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>Total acquisition of assets, (excluding operating and other expenses (excluding depreciation))</td><td>12,133</td><td>8</td><td>2</td><td>3,313</td><td>373</td><td>*</td><td>9</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>-</td><td>147</td><td>52</td><td>23</td><td>99</td><td>1,269</td></tr><tr><td>Total funds applied to operations</td><td>12,133</td><td>8</td><td>149</td><td>3,371</td><td>395</td><td>100</td><td>1,521</td></tr><tr><th colspan="7">FUNDS PROVIDED BY OPERATIONS</th></tr><tr><td>Realization of assets:</td><td>-</td><td>-</td><td>*</td><td>1,311</td><td>289</td><td>-</td><td>-</td></tr><tr><td>Repayment of loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</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>Total realization of assets</td><td>-</td><td>-</td><td>*</td><td>1,311</td><td>289</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public</td><td>18,690</td><td>116</td><td>139</td><td>583</td><td>99</td><td>100</td><td>1,279</td></tr><tr><td>Income</td><td>159</td><td>2</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>18,849</td><td>119</td><td>139</td><td>1,894</td><td>388</td><td>103</td><td>1,279</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-6,716</td><td>-111</td><td>10</td><td>1,477</td><td>7</td><td>-3</td><td>242</td></tr><tr><th colspan="7">FUNDS PROVIDED BY FINANCING</th></tr><tr><td>Increase in investment of the U. S. Government:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations enacted</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>Capital and surplus advances 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>Total increase in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>1,477</td><td>7</td><td>-</td><td>317</td></tr><tr><td>Total funds provided by financing</td><td>-</td><td>-</td><td>10</td><td>1,477</td><td>7</td><td>-</td><td>317</td></tr><tr><th colspan="7">FUNDS APPLIED TO FINANCING</th></tr><tr><td>Decrease in investment of the U. S. Government:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations leaped, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>75</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenue deposited</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>Total decrease in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>75</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>6,716</td><td>111</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>6,716</td><td>111</td><td>-</td><td>-</td><td>-</td><td>3</td><td>75</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-6,716</td><td>-111</td><td>10</td><td>1,477</td><td>7</td><td>-3</td><td>242</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
100
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Bureau of Indian Affairs Revolving fund for loans</th><th>Bureau of Reclamation Fund for emergency expenses, Fort Peck project, Mont.</th><th>Upper Colorado River Basin fund</th><th>Interior Department Bureau of Mines Development and operation of helium properties</th><th>Bureau of Commercial Fisheries Fisheries loan fund</th><th>Office of Territories Alaska Railroad revolving fund</th><th>Loans to private trading enterprises</th><th>Virgin Islands Corporation</th></tr><tr><td colspan="9">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>241</td><td>-</td><td>-</td><td>-</td><td>1,951</td><td>-</td><td>50</td><td>2</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>55</td><td>-</td><td>1,953</td><td>-</td><td>2,540</td><td>-</td><td>187</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>12,535</td><td>-</td><td>-</td><td>607</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets, excluding depreciation.</td><td>241</td><td>55</td><td>12,535</td><td>1,953</td><td>1,951</td><td>3,147</td><td>50</td><td>189</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>227</td><td>526</td><td>14</td><td>1,732</td><td>86</td><td>6,540</td><td>-</td><td>681</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>368</td><td>-</td><td>-</td><td>10</td><td>505</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>268</td><td>950</td><td>12,550</td><td>3,685</td><td>2,048</td><td>10,192</td><td>50</td><td>870</td></tr><tr><td colspan="9">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>268</td><td>-</td><td>-</td><td>-</td><td>121</td><td>-</td><td>61</td><td>12</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>10</td></tr><tr><td>Sale of securities other than public debt and issue of wholly owned Government enterprises.</td><td>-</td><td>47</td><td>174</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>268</td><td>47</td><td>174</td><td>1</td><td>121</td><td>-</td><td>61</td><td>22</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>185</td><td>880</td><td>-</td><td>3,137</td><td>41</td><td>7,393</td><td>2</td><td>565</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>1,385</td><td>907</td><td>-</td><td>-</td><td>-</td><td>1,243</td></tr><tr><td>Total funds provided by operations.</td><td>453</td><td>927</td><td>1,559</td><td>4,046</td><td>162</td><td>7,393</td><td>63</td><td>1,830</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>15</td><td>22</td><td>10,991</td><td>-361</td><td>1,886</td><td>2,799</td><td>-13</td><td>-960</td></tr><tr><td colspan="9">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>450</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>524</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>Capital end surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>25,142</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>134</td><td>104</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>-</td><td>584</td><td>25,246</td><td>-</td><td>-</td><td>-</td><td>-</td><td>524</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>15</td><td>-</td><td>-</td><td>139</td><td>1,836</td><td>2,799</td><td>-</td><td>16</td></tr><tr><td>Total funds provided by financing.</td><td>15</td><td>584</td><td>25,246</td><td>139</td><td>1,836</td><td>2,799</td><td>-</td><td>540</td></tr><tr><td colspan="9">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lepsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,500</td></tr><tr><td>Repayment of capital and surplus advances 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>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</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>500</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>1</td><td>-</td><td>500</td><td>-</td><td>-</td><td>-</td><td>1,500</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>560</td><td>14,255</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>561</td><td>14,255</td><td>500</td><td>-</td><td>-</td><td>13</td><td>1,500</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>15</td><td>22</td><td>10,991</td><td>-361</td><td>1,886</td><td>2,799</td><td>-13</td><td>-960</td></tr></table>
(Continued on following page)
May 1958
101
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Interior Department-(Continued) Expansion of defense production</th><th colspan="2">Labor Department</th><th rowspan="2">Post Office Department Postal service fund 17/18/</th><th colspan="4">Treasury Department</th><th rowspan="2">Expansion of defense production</th></tr><tr><th>Bureau of Employment Security</th><th>Farm labor supply revolving fund</th><th>Office of the Secretary Reconstruction Finance Corporation liquidation fund 18/</th><th>Civil defense loans</th><th>Bureau of Account Fund for payment of Government losses in shipment</th><th>Office of the Treasurer Treasury of the U. S., check forgery insurance fund</th></tr><tr><td colspan="10">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>1,413</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</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>Total acquisition of assets</td><td>1,413</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>1,074</td><td>2,249</td><td>1,793,234</td><td>151</td><td>11</td><td>14</td><td>-</td><td>2,290</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>56</td><td>-</td><td>57</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>2,487</td><td>2,305</td><td>1,793,234</td><td>208</td><td>11</td><td>17</td><td>-</td><td>2,290</td></tr><tr><td colspan="10">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>286</td><td>-</td><td>-</td><td>2,946</td><td>8</td><td>-</td><td>-</td><td>2,327</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>286</td><td>-</td><td>-</td><td>2,946</td><td>8</td><td>-</td><td>-</td><td>2,327</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>2,422</td><td>1,443,769</td><td>1,095</td><td>37</td><td>1</td><td>-</td><td>4,422</td></tr><tr><td>Income</td><td>-</td><td>-</td><td>77,598</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Decrease in selected working capital</td><td>56</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28</td></tr><tr><td>Total funds provided by operations</td><td>343</td><td>2,422</td><td>1,511,367</td><td>4,041</td><td>45</td><td>1</td><td>-</td><td>6,751</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>2,144</td><td>-117</td><td>281,867</td><td>-3,833</td><td>-34</td><td>16</td><td>-28</td><td>-4,461</td></tr><tr><td colspan="10">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>353,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>2,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,000</td></tr><tr><td>Capital and surplus advances 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>Total increase in investment of the U. S. Government</td><td>2,000</td><td>-</td><td>353,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,000</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>144</td><td>-</td><td>-</td><td>-</td><td>41</td><td>16</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>2,144</td><td>-</td><td>353,000</td><td>-</td><td>41</td><td>16</td><td>-</td><td>2,000</td></tr><tr><td colspan="10">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations leaped, recinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>4,700</td></tr><tr><td>Repayment of capital and surplus advances 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>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,700</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,700</td><td>75</td><td>-</td><td>4,700</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>117</td><td>71,133</td><td>133</td><td>-</td><td>-</td><td>28</td><td>1,761</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>-</td><td>117</td><td>71,133</td><td>3,833</td><td>75</td><td>-</td><td>28</td><td>6,461</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>2,144</td><td>-117</td><td>281,867</td><td>-3,833</td><td>-34</td><td>16</td><td>-28</td><td>-4,461</td></tr></table>
Footnotes at end of Section.
102
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds
<table><tr><th rowspan="2">Account</th><th rowspan="2">Total 1/</th><th colspan="3">(In thousands of dollars)</th><th colspan="3">General Services Administration</th></tr><tr><th>Legislative Branch Government Printing Office</th><th>Civil Service Commission</th><th>Veterans' Administration</th><th>Buildings management fund</th><th>General supply fund</th><th>Other 21/</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td></td><td></td><td></td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>10,923</td><td>1,219</td><td>28</td><td>-</td><td>160</td><td>1,585</td><td>2</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>291</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>11,214</td><td>1,219</td><td>28</td><td>*</td><td>160</td><td>1,585</td><td>2</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>1,031,958 47,422</td><td>44,195 6,537</td><td>5,256</td><td>70,149 205</td><td>92,473</td><td>82,319 8,853</td><td>2,021 327</td></tr><tr><td>Increase in selected working capital</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total funds applied to operations</td><td>1,090,594</td><td>51,951</td><td>5,284</td><td>70,353</td><td>92,634</td><td>92,757</td><td>2,350</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>1,357</td><td>25</td><td>-</td><td>-</td><td>3</td><td>257</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sale of securities other than public debt end issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>1,360</td><td>25</td><td>-</td><td>-</td><td>3</td><td>257</td><td>-</td></tr><tr><td>Capital stock issued to the public</td><td>1,088,064</td><td>46,826</td><td>4,841</td><td>67,132</td><td>93,110</td><td>86,933</td><td>1,957</td></tr><tr><td>Income</td><td>10,791</td><td>-</td><td>230</td><td>-</td><td>624</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total funds provided by operations</td><td>1,100,216</td><td>46,850</td><td>5,071</td><td>67,132</td><td>93,736</td><td>87,190</td><td>1,957</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-9,622</td><td>5,101</td><td>213</td><td>3,222</td><td>-1,102</td><td>5,567</td><td>393</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>12,500</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12,500</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>Capital and surplus advances 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>291</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>12,791</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12,500</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>10,130</td><td>5,101</td><td>223</td><td>3,222</td><td>-</td><td>-</td><td>420</td></tr><tr><td>Decrease in selected cash and fund balances</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total funds provided by financing</td><td>22,921</td><td>5,101</td><td>223</td><td>3,222</td><td>-</td><td>12,500</td><td>420</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>1,448</td><td>-</td><td>10</td><td>-</td><td>232</td><td>1,080</td><td>2</td></tr><tr><td>General and special fund revenues deposited</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>Total decrease in investment of the U. S. Government</td><td>1,448</td><td>-</td><td>10</td><td>-</td><td>232</td><td>1,080</td><td>2</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>31,096</td><td>-</td><td>-</td><td>-</td><td>870</td><td>5,853</td><td>24</td></tr><tr><td>Increase in selected cash and fund balances</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total funds applied to financing</td><td>32,544</td><td>-</td><td>10</td><td>-</td><td>1,102</td><td>6,933</td><td>27</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-9,622</td><td>5,101</td><td>213</td><td>3,222</td><td>-1,102</td><td>5,567</td><td>393</td></tr></table>
Footnotes at end of Section
(Continued on following page)
May 1958
103
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Agricultural Department</th><th>Commerce Department</th><th colspan="2">Defense Department</th></tr><tr><th></th><th>Agricultural Research Service</th><th>Forest Service</th><th>National Bureau of Standards</th><th>Air Force Department</th></tr><tr><th></th><th>Working capital fund</th><th>Working capital fund</th><th>Working capital fund 22/</th><th>Stock fund</th><th>Industrial fund</th></tr><tr><td colspan="6">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>8</td><td>4,31</td><td>39</td><td>1,769</td><td>34</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</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></tr><tr><td>Total acquisition of assets.</td><td>8</td><td>4,31</td><td>39</td><td>1,769</td><td>34</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>1,617</td><td>5,349</td><td>1,584</td><td>12,520</td><td>810</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>782</td><td>-</td><td>-</td><td>55</td></tr><tr><td>Total funds applied to operations.</td><td>1,625</td><td>6,563</td><td>1,623</td><td>14,289</td><td>900</td></tr><tr><td colspan="6">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of acquired security or collateral.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of fixed assets.</td><td>-</td><td>357</td><td>*</td><td>28</td><td>*</td></tr><tr><td>Sales of securities other than public debt and issues of wholly owned Government enterprises.</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></tr><tr><td>Total realization of assets.</td><td>1</td><td>357</td><td>*</td><td>28</td><td>*</td></tr><tr><td>Capital stock issued to the public.</td><td>1,558</td><td>7,438</td><td>1,576</td><td>13,638</td><td>843</td></tr><tr><td>Income.</td><td>265</td><td>-</td><td>17</td><td>2,841</td><td>-</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>1,824</td><td>7,795</td><td>1,594</td><td>16,507</td><td>843</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>-199</td><td>-1,232</td><td>29</td><td>-2,218</td><td>56</td></tr><tr><td colspan="6">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</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></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</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></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>29</td><td>-</td><td>56</td></tr><tr><td>Total funds provided by financing.</td><td>-</td><td>-</td><td>29</td><td>-</td><td>56</td></tr><tr><td colspan="6">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>124</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</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></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>124</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>199</td><td>1,232</td><td>-</td><td>2,094</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>199</td><td>1,232</td><td>-</td><td>2,218</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-199</td><td>-1,232</td><td>29</td><td>-2,218</td><td>56</td></tr></table>
Footnotes at end of Section
(Continued on following page)
104
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Defense Department - (Continued) Army Department Corps of Engineers</th><th>Health, Education, and Welfare Department Office of the Secretary Working capital fund</th><th colspan="2">Public Health Service</th><th>Interior Department Office of the Secretary Working capital fund</th><th>Justice Department Federal Prison Industries, Inc.</th><th>Labor Department Office of the Secretary Working capital fund</th></tr><tr><th></th><th></th><th></th><th>Service and supply fund</th><th>Narcotic hospitals Working capital fund</th><th></th><th></th><th></th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>3,391</td><td>12</td><td>17</td><td>7</td><td>3</td><td>626</td><td>1</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</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>Total acquisition of assets.</td><td>3,391</td><td>12</td><td>17</td><td>7</td><td>3</td><td>626</td><td>1</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>99,330</td><td>573</td><td>2,228</td><td>271</td><td>810</td><td>13,177</td><td>391</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>3</td><td>46</td><td>13</td><td>52</td><td>252</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>102,721</td><td>589</td><td>2,292</td><td>290</td><td>865</td><td>14,055</td><td>392</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>598</td><td>*</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt end issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>1</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>598</td><td>1</td><td>-</td><td>2</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>108,418</td><td>565</td><td>2,166</td><td>303</td><td>815</td><td>15,739</td><td>401</td></tr><tr><td>Decrease in selected working capital.</td><td>3,584</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>48</td></tr><tr><td>Total funds provided by operations.</td><td>112,600</td><td>566</td><td>2,166</td><td>305</td><td>815</td><td>15,739</td><td>448</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>-9,879</td><td>23</td><td>126</td><td>-15</td><td>50</td><td>-1,685</td><td>-56</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government: Appropriations enacted.</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>Capital and surplus advances 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>Total increase in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>23</td><td>126</td><td>-</td><td>50</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>-</td><td>23</td><td>126</td><td>-</td><td>50</td><td>-</td><td>-</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government: Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</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>Total decrease in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,685</td><td>56</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>9,879</td><td>-</td><td>-</td><td>15</td><td>-</td><td>1,685</td><td>56</td></tr><tr><td>Total funds applied to financing.</td><td>9,879</td><td>-</td><td>-</td><td>15</td><td>-</td><td>1,685</td><td>56</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-9,879</td><td>23</td><td>126</td><td>-15</td><td>50</td><td>-1,685</td><td>-56</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
May 1958
105
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th colspan="4">Treasury Department</th></tr><tr><th>Account</th><th>Bureau of Engraving and Printing</th><th>Supply fund</th><th>United States Coast Guard Yard fund</th></tr><tr><td colspan="4">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>1,551</td><td>-</td><td>40</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>291</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>1,551</td><td>291</td><td>40</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>13,097</td><td>7,564</td><td>6,581</td></tr><tr><td>Increase in selected working capital.</td><td>194</td><td>270</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>14,841</td><td>8,125</td><td>6,621</td></tr><tr><td colspan="4">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>89</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>89</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>14,438</td><td>7,603</td><td>6,825</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>3,183</td></tr><tr><td>Total funds provided by operations.</td><td>14,527</td><td>7,603</td><td>10,008</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>314</td><td>523</td><td>-3,387</td></tr><tr><td colspan="4">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the D. S. Treasury.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>291</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>-</td><td>291</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>314</td><td>231</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>314</td><td>523</td><td>-</td></tr><tr><td colspan="4">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>3,387</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>3,387</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>-</td><td>3,387</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>314</td><td>523</td><td>-3,387</td></tr></table>
Footnotes at end of Section.
106
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 4.- Certain Other Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>International Cooperation Administration Loan program</th><th>Veterans' Administration Loan guaranty program</th><th>General Services Administration Public Works Administration (in liquidation)</th><th>Agriculture Department Farmers' Home Administration</th><th>Rural Electrification Administration</th><th>Commerce Department Maritime activities</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td>277,178</td><td>13,804 26/</td><td>304</td><td>-</td><td>112,043</td><td>150,127</td><td>-</td></tr><tr><td>Loans made</td><td>48</td><td>-</td><td>-</td><td>-</td><td>48</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>24,469</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>11,850</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>62,803</td><td>5,630</td><td>56,959</td><td>-</td><td>56</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>364,498</td><td>19,434</td><td>57,264</td><td>-</td><td>112,158</td><td>150,127</td><td>11,850</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>159,709</td><td>11,236</td><td>3,423</td><td>-</td><td>21,471</td><td>29,931</td><td>80,754</td></tr><tr><td>Increase in selected working capital</td><td>81,536</td><td>7,241</td><td>-</td><td>-</td><td>9,906</td><td>4,949</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>605,724</td><td>37,911</td><td>60,687</td><td>-</td><td>143,536</td><td>185,007</td><td>92,604</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td>187,612</td><td>9,567 26/</td><td>3,615</td><td>764</td><td>116,095</td><td>48,358</td><td>9,956</td></tr><tr><td>Repayment of loans</td><td>104</td><td>-</td><td>-</td><td>-</td><td>104</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>1,264</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>1,262</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>110,924</td><td>-</td><td>28,463</td><td>-</td><td>139</td><td>-</td><td>1,154</td></tr><tr><td>Total realization of assets</td><td>299,904</td><td>9,567</td><td>32,077</td><td>764</td><td>116,340</td><td>48,358</td><td>11,373</td></tr><tr><td>Capital stock issued to the public</td><td>541,091</td><td>22,004</td><td>3,279</td><td>1,021</td><td>16,137</td><td>26,436</td><td>5,735</td></tr><tr><td>Income</td><td>2,798</td><td>-</td><td>111</td><td>19</td><td>-</td><td>-</td><td>1,768</td></tr><tr><td>Decrease in selected working capital</td><td>843,794</td><td>31,571</td><td>35,466</td><td>1,804</td><td>132,478</td><td>74,793</td><td>18,975</td></tr><tr><td>Total funds provided by operations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-238,070</td><td>6,340</td><td>25,220</td><td>-1,804</td><td>11,058</td><td>110,214</td><td>73,729</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td>200,851</td><td>-</td><td>-</td><td>-</td><td>30,590</td><td>9,031</td><td>121,479</td></tr><tr><td>Appropriations enacted</td><td>255,924</td><td>687</td><td>-</td><td>-</td><td>105,000</td><td>150,237</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>Capital and surplus advances from the U. S. Treasury</td><td>42,004</td><td>-</td><td>36,763</td><td>-</td><td>-</td><td>-</td><td>843</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>498,778</td><td>687</td><td>36,763</td><td>-</td><td>135,590</td><td>159,268</td><td>122,327</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>12,514</td><td>12,514</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>511,292</td><td>13,201</td><td>36,763</td><td>-</td><td>135,590</td><td>159,268</td><td>122,327</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>167,414</td><td>6,861</td><td>-</td><td>-</td><td>116,336</td><td>44,218</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>80,513</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>363,350</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>73,691</td><td>-</td><td>10,005</td><td>1,804</td><td>105</td><td>-</td><td>17,824</td></tr><tr><td>Other</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>684,970</td><td>6,861</td><td>10,005</td><td>1,804</td><td>116,441</td><td>44,218</td><td>17,824</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>64,511</td><td>-</td><td>1,537</td><td>-</td><td>8,090</td><td>4,836</td><td>30,774</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>749,481</td><td>5,861</td><td>11,542</td><td>1,804</td><td>124,531</td><td>49,054</td><td>48,598</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-238,189</td><td>6,340</td><td>25,220</td><td>-1,804</td><td>11,058</td><td>110,214</td><td>73,729</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
May 1958
107
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 4.- Certain Other Activities - (Continued
(In thousands of dollars)
<table><tr><th>Account</th><th>Defense Department Army Department Guaranteed loans - World War II</th><th>Health, Education, and Welfare Department Office of Education Loans to students</th><th colspan="3">Interior Department Office of the Secretary</th><th>Treasury Department Miscellaneous loans and certain other assets</th></tr><tr><th></th><th></th><th></th><th>Southeastern Power Administration</th><th>Southwestern Power Administration</th><th>Bonneville Power Administration</th><th></th></tr><tr><td colspan="7">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>900</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>-</td><td>1</td><td>483</td><td>12,124</td><td>-</td></tr><tr><td>Purchase of securities other than public debt end issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>157</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>-</td><td>-</td><td>1</td><td>483</td><td>12,281</td><td>900</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>-</td><td>-</td><td>994</td><td>3,247</td><td>8,653</td><td>-</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>491</td><td>3,058</td><td>55,871</td></tr><tr><td>Total funds applied to operations.</td><td>-</td><td>-</td><td>995</td><td>4,221</td><td>23,992</td><td>56,771</td></tr><tr><td colspan="7">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>3</td><td>19</td><td>-</td><td>-</td><td>-</td><td>235</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt end issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>81,157</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>3</td><td>19</td><td>-</td><td>11</td><td>-</td><td>81,391</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>6</td><td>6,437</td><td>5,757</td><td>34,867</td><td>419,214</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>1</td><td>900</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>3</td><td>26</td><td>7,538</td><td>5,768</td><td>34,867</td><td>500,606</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>-3</td><td>-26</td><td>-6,543</td><td>-1,547</td><td>-10,876</td><td>-443,835</td></tr><tr><td colspan="7">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>1,939</td><td>7,144</td><td>30,668</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></tr><tr><td>Capital and surplus advances 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>4,393</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>-</td><td>-</td><td>1,939</td><td>7,144</td><td>35,061</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>-</td><td>-</td><td>1,939</td><td>7,144</td><td>35,061</td><td>-</td></tr><tr><td colspan="7">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>3</td><td>19</td><td>-</td><td>-</td><td>-</td><td>80,491</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>303,343</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>7,555</td><td>3,606</td><td>32,793</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>3</td><td>26</td><td>7,555</td><td>3,606</td><td>32,793</td><td>443,835</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>927</td><td>5,204</td><td>13,143</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>3</td><td>26</td><td>8,482</td><td>8,810</td><td>45,936</td><td>443,835</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-3</td><td>-26</td><td>-6,543</td><td>-1,666</td><td>-10,876</td><td>-443,835</td></tr></table>
Footnotes at end of Section.
108
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Six Months Ended December 31, 1957
Table 5.- Certain Deposit Funds
(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 colspan="5">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made, or collateral acquired.</td><td>991,322</td><td>329,497</td><td>1</td><td>662,324</td></tr><tr><td>Cost of security or collateral acquired.</td><td>9</td><td>9</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>321</td><td>10</td><td>311</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>992,152</td><td>329,515</td><td>312</td><td>662,324</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>45,648</td><td>6,404</td><td>5,085</td><td>34,159</td></tr><tr><td>Increase in selected working capital.</td><td>42,225</td><td>7,210</td><td>35,015</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>1,080,024</td><td>343,129</td><td>40,412</td><td>696,483</td></tr><tr><td colspan="5">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>740,906</td><td>264,345</td><td>77</td><td>476,485</td></tr><tr><td>Sale of acquired security or collateral.</td><td>79</td><td>79</td><td>1</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>1</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>2,374</td><td>401</td><td>1,972</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>743,361</td><td>264,825</td><td>2,050</td><td>476,486</td></tr><tr><td>Capital stock issued to the public.</td><td>18,066</td><td>1,082</td><td>-</td><td>16,984</td></tr><tr><td>Income.</td><td>105,837</td><td>9,985</td><td>59,821</td><td>36,030</td></tr><tr><td>Decrease in selected working capital.</td><td>12,013</td><td>-</td><td>-</td><td>12,013</td></tr><tr><td>Total funds provided by operations.</td><td>879,276</td><td>275,892</td><td>61,870</td><td>541,514</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>200,748</td><td>67,237</td><td>-21,459</td><td>154,969</td></tr><tr><td colspan="5">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U.S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations enacted.</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>Capital and surplus advances 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>Total increase in investment of the U.S. Government.</td><td>883,450</td><td>345,450</td><td>-</td><td>538,000</td></tr><tr><td>Increase in other borrowings.</td><td>995,730</td><td>1,300</td><td>135,250</td><td>859,180</td></tr><tr><td>Decrease in investment holdings.</td><td>6,293</td><td>5,252</td><td>1,041</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>1,885,473</td><td>352,002</td><td>136,291</td><td>1,397,180</td></tr><tr><td colspan="5">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U.S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Appropriations leaped, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U.S. Treasury.</td><td>85</td><td>85</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</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>Total decrease in investment of the U.S. Government.</td><td>85</td><td>85</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>734,680</td><td>284,680</td><td>-</td><td>450,000</td></tr><tr><td>Increase in investment holdings.</td><td>890,929</td><td>-</td><td>157,750</td><td>733,179</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>59,031</td><td>-</td><td>-</td><td>59,031</td></tr><tr><td>Total funds applied to financing.</td><td>1,684,725</td><td>284,765</td><td>157,750</td><td>1,242,211</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided.</td><td>200,748</td><td>67,237</td><td>-21,459</td><td>154,969</td></tr></table>
May 1958
109
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Six Months Ended December 31, 1957
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 23/</th><th>Civil Service Commission Employees' life insurance fund</th><th>Farm Credit Administration Federal intermediate credit banks</th><th>General Services Administration Franklin D. Roosevelt Library fund</th><th>General Services Administration National Archives trust fund</th><th>Housing and Home Finance Agency Federal National Mortgage Assoc. Secondary market operations</th><th>Defense Department Army Department United States Soldiers' home revolving fund</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets: Loans made.</td><td>1,592,120</td><td>-</td><td>1,209,080</td><td>-</td><td>-</td><td>383,040</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</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>Total acquisition of assets.</td><td>1,592,122</td><td>-</td><td>1,209,080</td><td>2</td><td>-</td><td>383,040</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>110,634</td><td>53,477</td><td>21,444</td><td>18</td><td>26</td><td>35,624</td><td>44</td></tr><tr><td>Increase in selected working capital.</td><td>4,928</td><td>384</td><td>4,543</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>1,707,683</td><td>53,861</td><td>1,235,067</td><td>20</td><td>26</td><td>418,665</td><td>44</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>1,291,247</td><td>-</td><td>1,272,734</td><td>-</td><td>-</td><td>18,513</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>1,291,248</td><td>-</td><td>1,272,735</td><td>-</td><td>-</td><td>18,513</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>12,574</td><td>-</td><td>4,371</td><td>-</td><td>-</td><td>8,203</td><td>-</td></tr><tr><td>Income.</td><td>147,013</td><td>86,766</td><td>22,803</td><td>22</td><td>33</td><td>37,344</td><td>45</td></tr><tr><td>Decrease in selected working capital.</td><td>11,795</td><td>-</td><td>-</td><td>2</td><td>2</td><td>11,790</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>1,462,631</td><td>86,766</td><td>1,299,909</td><td>25</td><td>35</td><td>75,851</td><td>45</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>245,053</td><td>-32,905</td><td>-64,841</td><td>-5</td><td>-10</td><td>342,814</td><td>-1</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>335,294</td><td>-</td><td>-</td><td>-</td><td>-</td><td>335,294</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>Capital and surplus advances 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>Total increase in investment of the U. S. Government.</td><td>335,294</td><td>-</td><td>-</td><td>-</td><td>-</td><td>335,294</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>1,399,540</td><td>-</td><td>834,540</td><td>-</td><td>-</td><td>565,000</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>41</td><td>-</td><td>-</td><td>-</td><td>-</td><td>41</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td></tr><tr><td>Total funds provided by financing.</td><td>1,734,884</td><td>-</td><td>834,540</td><td>-</td><td>-</td><td>900,335</td><td>9</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>257,376</td><td>-</td><td>-</td><td>-</td><td>-</td><td>257,376</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td></tr><tr><td>Other.</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>257,386</td><td>-</td><td>-</td><td>-</td><td>-</td><td>257,376</td><td>10</td></tr><tr><td>Decrease in borrowings from the public.</td><td>1,190,655</td><td>-</td><td>890,675</td><td>-</td><td>-</td><td>299,980</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>27,011</td><td>26,800</td><td>170</td><td>-</td><td>-</td><td>40</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>14,779</td><td>6,104</td><td>8,536</td><td>5</td><td>10</td><td>124</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>1,489,831</td><td>32,905</td><td>899,381</td><td>5</td><td>10</td><td>577,521</td><td>10</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>245,053</td><td>-32,905</td><td>-64,841</td><td>-5</td><td>-10</td><td>342,814</td><td>-1</td></tr></table>
Footnotes at end of Section.
110
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Sections II and III
1/ Statements of income and expense of source and application of funds are not yet included for certain activities for which statements of financial condition have been published in Section I, in the April 1958 Bulletin.
2/ Federal Civil Defense Administration, civil defense procurement fund, shown on page 69 of the April Bulletin, did not have any net income or expense during the first six months of the fiscal year 1958.
3/ Housing Authority Loan Corporation (liquidated), shown under this heading on page 70 of the April Bulletin, did not have any income or expense during the first six months of the fiscal year 1958. This fund has ceased to exist. Final disposition of assets has not yet been made.
4/ Represents interest on the net direct investment of the United States Government in this Corporation.
5/ Represents interest on funds advanced to the Administration by appropriations.
6/ Interest and other expenses during the construction period are capitalized.
7/ Consists of accounts transferred from the Reconstruction Finance Corporation in accordance with Reorganization Plan No. 1 of 1957, effective July 1, 1957, and the remaining accounts previously transferred in accordance with Reorganization Plan No. 2 of 1954.
8/ Represents net income of $26,035 thousand from power operations, and net loss of $5,446 thousand from nonincome-producing programs during the fiscal year 1957.
9/ Effective July 1, 1957, the remaining functions of this Corporation were transferred to the General Services Administration from the Treasury Department, pursuant to Executive Order No. 10720, dated July 11, 1957.
10/ See footnote 18.
11/ Includes accounts transferred from the Reconstruction Finance Corporation (see footnote 18).
12/ Includes operating and administrative expenses funds.
13/ Represents interest expense on capital stock.
15/ Upper Colorado River Basin fund, shown under this heading on page 78 of the April Bulletin, did not have any income or expense during the first six months of the fiscal year 1958.
16/ Represents interest on advances from appropriations and on paid-in capital.
17/ Figures are as of January 10, 1958.
18/ The Reconstruction Finance Corporation was abolished effective at the close of business June 30, 1957, in accordance with Reorganization Plan No. 1 of 1957. The remaining functions of the Corporation were transferred to the Housing and Home Finance Agency, the General Services Administration, the Small Business Administration, and the Secretary of the Treasury.
19/ The operating deficit as of June 30, 1957, has been combined with other items representing equity of the United States Government, and is included with the net investment at the beginning of the fiscal year 1958.
20/ The accumulated net income or deficit is included with the equity of the United States Treasury and cannot be segregated.
21/ Consists of administrative expenses; foreign aid procurements; construction services; public buildings; and working capital fund. Figures are as of December 28, 1957.
22/ Statements of income and expense and of source and application of funds for the year included certain activities for which statements of financial condition have been published in Section I, in the April 1958 Bulletin. Certain other activities are included in this Section only on a fiscal year basis at the present time.
23/ Small defense plants activities, shown under this heading on page 71 of the April Bulletin, did not have any funds applied or provided during the first six months of the fiscal year 1958.
24/ Defense production guarantees, shown under this heading on page 76 of the April Bulletin, did not have any funds applied or provided during the first six months of the fiscal year 1958.
25/ Excludes transactions covering foreign currency loans which are shown on the statement of financial condition.
* Less than $500.
r Revised.
May 1958
111
CUMULATIVE TABLE OF CONTENTS
June 1957 through May 1958
<table><tr><th colspan="12">Issue end page number</th></tr><tr><th></th><th colspan="5">1957</th><th colspan="7">1958</th></tr><tr><th></th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th></tr><tr><td>Reporting bases:</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td></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></tr><tr><td>Treasury financing operations</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal sources</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures by agencies</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Expenditures by functions, fiscal years 1953 to date</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Trust account and other transactions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of trust account and other transactions</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</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>6</td><td>6</td><td>6</td><td>6</td><td>6</td><td>6</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>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</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>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</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>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>...</td><td>...</td><td>10</td><td>...</td><td>...</td><td>10</td><td>...</td><td>...</td><td>10</td><td>...</td><td>...</td><td>10</td></tr><tr><td>Unemployment Trust Fund</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>11</td><td>...</td><td>...</td><td>11</td></tr><tr><td>Railroad Retirement Account</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td></tr><tr><td>National Service Life Insurance Fund</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td><td>...</td><td>...</td><td>12</td></tr><tr><td>Investments of specified trust accounts in public debt securities, by issues (latest date March 31, 1958)</td><td>...</td><td>...</td><td>13</td><td>...</td><td>...</td><td>13</td><td>...</td><td>...</td><td>13</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></tr><tr><td>Summary of Federal Government cash transactions with the public</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>15</td></tr><tr><td>Summary of cash transactions through Treasurer's account</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>15</td><td>11</td><td>11</td><td>15</td></tr><tr><td>Derivation of Federal receipts from the public, and reconciliation to cash deposits in Treasurer's account</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>16</td></tr><tr><td>Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's account</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>16</td><td>12</td><td>12</td><td>16</td></tr><tr><td>Intragovernmental transactions</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>17</td></tr><tr><td>Accrued interest and other noncash expenditures</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>17</td></tr><tr><td>Derivation of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account</td><td>14</td><td>14</td><td>18</td><td>14</td><td>14</td><td>18</td><td>14</td><td>14</td><td>18</td><td>14</td><td>14</td><td>18</td></tr><tr><td>Account of the Treasurer 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><td></td><td></td></tr><tr><td>Status of the account of the Treasurer of the United States</td><td>19</td><td>19</td><td>23</td><td>19</td><td>19</td><td>23</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>20</td></tr><tr><td>Analysis of changes in tax and loan account balances</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>17</td><td>17</td><td>21</td><td>17</td><td>17</td><td>21</td></tr><tr><td>Debt outstanding:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of Federal securities</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>20</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>22</td></tr><tr><td>Interest-bearing public debt</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>20</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>22</td></tr><tr><td>Special issues to U.S. Government investment accounts</td><td>17</td><td>17</td><td>21</td><td>17</td><td>17</td><td>21</td><td>19</td><td>19</td><td>23</td><td>19</td><td>19</td><td>23</td></tr><tr><td>Computed interest charge and rate on Federal securities</td><td>17</td><td>17</td><td>21</td><td>17</td><td>17</td><td>21</td><td>19</td><td>19</td><td>23</td><td>19</td><td>19</td><td>23</td></tr><tr><td>Treasury holdings of securities issued by Government agencies</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>22</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>24</td></tr><tr><td>Statutory debt limitation</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>24</td><td>21</td><td>21</td><td>25</td><td>21</td><td>21</td><td>25</td></tr><tr><td>Debt operations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities issued by the U.S. Government</td><td>21</td><td>21</td><td>25</td><td>21</td><td>21</td><td>25</td><td>22</td><td>22</td><td>26</td><td>22</td><td>22</td><td>26</td></tr><tr><td>Offerings of Treasury bills</td><td>23</td><td>23</td><td>27</td><td>23</td><td>23</td><td>27</td><td>24</td><td>24</td><td>28</td><td>24</td><td>24</td><td>28</td></tr><tr><td>Summary of new money financing through Treasury bills, notes, and certificates of indebtedness</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>25</td><td>25</td><td>29</td><td>25</td><td>25</td><td>29</td></tr><tr><td>Offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness</td><td>24</td><td>24</td><td>28</td><td>24</td><td>24</td><td>28</td><td>26</td><td>26</td><td>30</td><td>26</td><td>26</td><td>30</td></tr><tr><td>Allotments by investor classes on subscriptions for marketable issues of Treasury bonds, notes, and certificates of indebtedness</td><td>26</td><td>26</td><td>30</td><td>26</td><td>26</td><td>30</td><td>29</td><td>29</td><td>33</td><td>29</td><td>29</td><td>33</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness</td><td>27</td><td>27</td><td>31</td><td>27</td><td>28</td><td>32</td><td>31</td><td>31</td><td>35</td><td>31</td><td>31</td><td>35</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></tr><tr><td>Cumulative sales and redemptions by series</td><td>29</td><td>29</td><td>33</td><td>29</td><td>30</td><td>34</td><td>33</td><td>33</td><td>38</td><td>34</td><td>34</td><td>38</td></tr><tr><td>Sales and redemptions by periods, all series combined</td><td>29</td><td>29</td><td>33</td><td>29</td><td>30</td><td>34</td><td>33</td><td>33</td><td>38</td><td>34</td><td>34</td><td>38</td></tr><tr><td>Sales and redemptions by periods, Series E through K</td><td>30</td><td>30</td><td>34</td><td>30</td><td>31</td><td>35</td><td>34</td><td>34</td><td>39</td><td>35</td><td>35</td><td>39</td></tr><tr><td>Redemptions of matured end unmatured bonds</td><td>32</td><td>32</td><td>36</td><td>32</td><td>33</td><td>37</td><td>36</td><td>36</td><td>41</td><td>37</td><td>37</td><td>41</td></tr><tr><td>Sales and redemptions by denominations, Series E and H combined</td><td>...</td><td>...</td><td>37</td><td>...</td><td>...</td><td>38</td><td>...</td><td>42</td><td>...</td><td>42</td><td>...</td><td>42</td></tr><tr><td>Sales by States, Series E and H combined</td><td>...</td><td>...</td><td>38</td><td>...</td><td>...</td><td>...</td><td>...</td><td>43</td><td>...</td><td>...</td><td>...</td><td>...</td></tr></table>
(Continued on following page)
112
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
June 1957 through May 1958
(Continued)
<table><tr><th></th><th colspan="6">1957</th><th colspan="6">1958</th></tr><tr><th></th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</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>4</td><td></td><td></td></tr><tr><td>Distribution by classes of investors and types of issues</td><td>33</td><td>33</td><td>39</td><td>33</td><td>34</td><td>39</td><td>37</td><td>37</td><td>44</td><td>38</td><td>38</td><td>43</td></tr><tr><td>Net Market purchases or sales for investment accounts handled by the Treasury</td><td>33</td><td>33</td><td>39</td><td>33</td><td>34</td><td>39</td><td>37</td><td>37</td><td>44</td><td>38</td><td>38</td><td>43</td></tr><tr><td>Estimated ownership</td><td>34</td><td>34</td><td>40</td><td>34</td><td>35</td><td>40</td><td>38</td><td>38</td><td>45</td><td>39</td><td>39</td><td>44</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></tr><tr><td>Ownership by banks, insurance companies, and others</td><td>35</td><td>35</td><td>41</td><td>35</td><td>36</td><td>41</td><td>39</td><td>39</td><td>46</td><td>40</td><td>40</td><td>45</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date December 31, 1957)</td><td>...</td><td>...</td><td>39</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>44</td><td>...</td><td>...</td></tr><tr><td>Market quotations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues</td><td>39</td><td>39</td><td>45</td><td>43</td><td>40</td><td>45</td><td>43</td><td>43</td><td>50</td><td>48</td><td>44</td><td>49</td></tr><tr><td>Chart - Yields of Treasury securities</td><td>41</td><td>41</td><td>47</td><td>45</td><td>42</td><td>47</td><td>45</td><td>45</td><td>52</td><td>50</td><td>46</td><td>51</td></tr><tr><td>Average yields of long-term bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by period</td><td>42</td><td>42</td><td>48</td><td>46</td><td>43</td><td>48</td><td>46</td><td>46</td><td>53</td><td>51</td><td>47</td><td>52</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds</td><td>43</td><td>43</td><td>49</td><td>47</td><td>44</td><td>49</td><td>47</td><td>47</td><td>54</td><td>52</td><td>48</td><td>53</td></tr><tr><td>Internal revenue collections:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by principal sources</td><td>44</td><td>44</td><td>50</td><td>48</td><td>45</td><td>50</td><td>48</td><td>48</td><td>55</td><td>53</td><td>49</td><td>54</td></tr><tr><td>Chart - Internal revenue collections by principal sources</td><td>45</td><td>45</td><td>51</td><td>49</td><td>46</td><td>51</td><td>49</td><td>49</td><td>56</td><td>54</td><td>50</td><td>55</td></tr><tr><td>Detail of collections by type of tax</td><td>46</td><td>46</td><td>52</td><td>50</td><td>47</td><td>52</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Detail of excise tax collections</td><td>47</td><td>...</td><td>...</td><td>51</td><td>...</td><td>...</td><td>50</td><td>...</td><td>...</td><td>55</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></tr><tr><td>Money in circulation</td><td>48</td><td>47</td><td>53</td><td>52</td><td>48</td><td>53</td><td>52</td><td>50</td><td>57</td><td>57</td><td>51</td><td>56</td></tr><tr><td>Monetary stocks of gold and silver</td><td>49</td><td>48</td><td>54</td><td>53</td><td>49</td><td>54</td><td>53</td><td>51</td><td>58</td><td>58</td><td>52</td><td>57</td></tr><tr><td>Gold assets and liabilities of the Treasury</td><td>49</td><td>48</td><td>54</td><td>53</td><td>49</td><td>54</td><td>53</td><td>51</td><td>58</td><td>58</td><td>52</td><td>57</td></tr><tr><td>Components of silver monetary stock</td><td>50</td><td>49</td><td>55</td><td>54</td><td>50</td><td>55</td><td>54</td><td>52</td><td>59</td><td>59</td><td>53</td><td>58</td></tr><tr><td>Signiorage on silver</td><td>51</td><td>50</td><td>56</td><td>55</td><td>51</td><td>56</td><td>55</td><td>53</td><td>60</td><td>60</td><td>54</td><td>59</td></tr><tr><td>Increment from reduction in weight of gold dollar (latest date March 31, 1958)</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>60</td><td>...</td><td>...</td><td>59</td></tr><tr><td>Exchange Stabilization Fund (latest date December 31, 1957):</td><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>57</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>61</td><td>...</td><td>...</td><td>60</td></tr><tr><td>Income and expense</td><td>...</td><td>...</td><td>58</td><td>...</td><td>...</td><td>58</td><td>...</td><td>...</td><td>62</td><td>...</td><td>...</td><td>61</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></tr><tr><td>Earnings, expense, and dividends for calendar years 1953-56</td><td>...</td><td>51</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 movements between the United States and foreign countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by periods since 1935</td><td>52</td><td>52</td><td>59</td><td>56</td><td>52</td><td>59</td><td>56</td><td>54</td><td>63</td><td>61</td><td>55</td><td>62</td></tr><tr><td>Summary by countries and periods</td><td>55</td><td>55</td><td>62</td><td>59</td><td>55</td><td>62</td><td>59</td><td>57</td><td>66</td><td>64</td><td>58</td><td>65</td></tr><tr><td>Short-term banking liabilities to foreigners, latest month</td><td>59</td><td>59</td><td>66</td><td>63</td><td>59</td><td>66</td><td>63</td><td>61</td><td>70</td><td>68</td><td>62</td><td>69</td></tr><tr><td>Short-term banking claims on foreigners, latest month</td><td>60</td><td>60</td><td>67</td><td>64</td><td>60</td><td>67</td><td>64</td><td>62</td><td>71</td><td>69</td><td>63</td><td>70</td></tr><tr><td>Purchases and sales of long-term securities by foreigners, latest month</td><td>61</td><td>61</td><td>68</td><td>65</td><td>61</td><td>68</td><td>65</td><td>63</td><td>72</td><td>70</td><td>64</td><td>71</td></tr><tr><td>Short-term liabilities and claims reported by nonfinancial concerns</td><td>62</td><td>62</td><td>...</td><td>66</td><td>...</td><td>66</td><td>...</td><td>64</td><td>...</td><td>71</td><td>65</td><td>...</td></tr><tr><td>Long-term liabilities and claims reported by banks and bankers</td><td>62</td><td>...</td><td>...</td><td>66</td><td>...</td><td>66</td><td>...</td><td>...</td><td>...</td><td>71</td><td>...</td><td>...</td></tr><tr><td>Estimated gold and short-term dollar resources of foreign countries and international institutions</td><td>63</td><td>...</td><td>...</td><td>67</td><td>...</td><td>67</td><td>...</td><td>...</td><td>...</td><td>72</td><td>...</td><td>...</td></tr><tr><td>Foreign credit and debit balances in brokerage accounts</td><td>...</td><td>...</td><td>...</td><td>68</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>75</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>...</td><td>...</td><td>...</td><td>...</td><td>66</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></tr><tr><td>Statements of financial condition, and loans by type (latest date December 31, 1957)</td><td>64</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>68</td><td>...</td><td>...</td><td>77</td><td>68</td><td>...</td></tr><tr><td>Income and expense (latest date December 31, 1957)</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>66</td><td>...</td><td>...</td><td>...</td><td>73</td></tr><tr><td>Source and application of funds (latest date December 31, 1957)</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>86</td><td>...</td><td>...</td><td>...</td><td>91</td></tr></table>
GPO 94149
C.
Treas.
HJ
10
A2
1958
c.2
U.S. Treasury Dept.
Treasury Bulletin
U.S. TREASURY LIBRARY
1 0031998