LIBRARY
RCOM 5025
NOV 21 1960
TAXPAY DEPART ENT
LIBRARY ROOM 5020
Form 5030
JUN 2, 3 1972
TREASURY DEPARTMENT
JANUARY - 1960
LIBRARY
ROOM 5025
FEB 3 1960
LIBRARY ROOM 5030
JUN 2, 3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
The Treasury Bulletin is for sale by the Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C. Subscription per year $6.00 domestic, $7.50 foreign. Single copy price varies
January 1960
Table of Contents
Page
Treasury financing operations. A-1
Summary of Federal fiscal operations. 1
Budget receipts and expenditures. 2
Trust account and other transactions. 8
Cash income and outgo. 12
Account of the Treasurer of the United States. 18
Debt outstanding. 20
Statutory debt limitation. 24
Public debt operations. 25
United States savings bonds. 42
Ownership of Federal securities. 46
Treasury survey of ownership of Federal securities. 48
Market quotations on Treasury securities. 52
Average yields of long-term bonds. 55
Internal revenue collections. 57
Monetary statistics. 59
Capital movements. 63
Corporations and certain other business-type activities - income and expense, and source and application of funds. 74
Cumulative table of contents. 116
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown.
II
Treasury Bulletin
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 account 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 deposits 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."
Reporting Bases
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 issued and are adjusted by means of clearing accounts to the total of checks paid. Except for relatively minor amounts, noncash interfund and other intra-governmental transactions are excluded. The public debt figures in the daily statement also are on a "clearance" basis, with the exception of those issuance 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 also reported by the agencies. Interest on the public debt was included on a due-and payable basis beginning with November 1946 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the Treasurer's account which effect monetary stroke 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 commenced during the reporting period even though some may not have cleared the Treasurer's account during that period.
January 1960
A-1
Treasury Financing Operations
Bills for Cash or Exchange
Offerings of two issues of Treasury bills were announced by the Treasury Department on December 30, 1959, as follows:
$2,000 million, or thereabouts, for cash, of 166-day bills, to be issued on January 8, 1960, an additional amount of the tax anticipation series dated October 21, 1959, and to mature June 22, 1960. Like the $2,002 million of the original issue outstanding, the additional bills will be acceptable at par in payment of income and profits taxes due June 15, 1960;
$1,500 million, or thereabouts, of one-year (360-day) bills, to be dated January 15, 1960, and to mature January 15, 1961, for cash and in exchange for the $2,006 million of 289-day Treasury bills maturing January 15, 1960.
Both bill issues were sold on an auction basis. Subscribers were required to agree not to purchase, or to sell, or to make any agreements with respect to the purchase or sale or other disposition of these bills for which tenders were submitted under these offerings, until after the closing hour for tenders. For the 166-day tax anticipation series, this was 1:30 p.m. E.S.T., on January 5 and for the one-year bills at 1:30 p.m. E.S.T., on January 12, 1960.
Tenders were received without deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others were required to be accompanied by payment of 2 percent of the face amount of Treasury bills applied for, unless the tenders were accompanied by an express guaranty of payment by an incorporated bank or trust company.
Any commercial bank qualified as a depository was permitted to make payment for the 166-day bill allotted to itself or its customers by credit in its tax and loan account up to the amount for which it was qualified in excess of existing deposits. For other subscribers to this issue and for all subscribers to the 366-day bills, payment of accepted tenders at the prices offered was required to be
made or completed in cash or other immediately available funds, on January 3 for the 166-day issue and on January 15 for the 366-day bills.
The average rate of discount for the 166-day bills was 4.726 percent. Tenders of $2,016 million were accepted, including noncompetitive tenders for $430,000 or less from any one bidder of $368 million, which were accepted in full at the average price of accepted competitive bids.
On the 366-day bills the average rate of discount was 5.067 percent. Tenders of $1,502 million were accepted. For this issue also, noncompetitive tenders of $400,000 or less from any one bidder were accepted in full at the average price of accepted competitive bids. The amount of noncompetitive tenders was $350 million.
Weekly Bills Refunded
Regular weekly issues of Treasury bills totaled $8.2 billion in December, refunding the total and weekly amounts of the maturing 13-week and 26-week bills. The five issues of 91-day bills amounted to $5.8 billion and the five 182-day issues to $2.4 billion. Of the new 13-week issues, those for December 3 and 31 were for $1.1 billion each and each of the others, for $1.2 billion. Four of the 26-week issues were for $0.5 billion and the issue for December 3 was for $0.4 billion. Average rates of discount on the new bills were as follows:
<table><tr><th colspan="2">13-week (Additional amount of bills of original maturity of 26 weeks)</th><th colspan="2">26-week</th></tr><tr><th colspan="2">Date of ---</th><th>Approximate equivalent annual average rate</th><th>Date of issue</th><th>Approximate equivalent annual average rate</th></tr><tr><th>Additional issue</th><th>Original issue</th><th></th><th></th><th></th></tr><tr><td>Dec. 3<br>10<br>17<br>24<br>31</td><td>Sept. 3<br>10<br>17<br>24<br>1</td><td>4.501%<br>4.638<br>4.535<br>4.669<br>4.517</td><td>Dec. 3<br>10<br>17<br>24<br>31</td><td>4.891%<br>4.969<br>4.834<br>4.940<br>4.922</td></tr></table>
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the tables on public debt operations.
January 1960
1
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
<table><tr><th rowspan="2">Period</th><th colspan="3">Budget receipts and expenditures</th><th rowspan="2">Net of trust account and other trans-actions 2/ 3/</th><th rowspan="2">Clearing account, etc. 4/</th><th rowspan="2">Net increase in public debt, or decrease (-)</th><th rowspan="2">Net increase in treasurer's account balance, or decrease (-)</th><th colspan="4">Levels, end of period</th></tr><tr><th>Net receipts 1/</th><th>Expenditures 2/</th><th>Surplus, or deficit (-) 2/</th><th>Treasurer's account balance</th><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Subject to limitation 2/</th></tr><tr><td>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><td></td></tr><tr><td>1948</td><td>41,488</td><td>33,069</td><td>8,419</td><td>-294</td><td>-507</td><td>-5,994</td><td>1,624</td><td>4,932</td><td>252,292</td><td>73</td><td>252,366</td><td>251,542</td></tr><tr><td>1949</td><td>37,696</td><td>39,507</td><td>-1,811</td><td>-495</td><td>366</td><td>478</td><td>-1,462</td><td>3,470</td><td>252,770</td><td>27</td><td>252,798</td><td>252,028</td></tr><tr><td>1950</td><td>36,495</td><td>39,617</td><td>-3,122</td><td>99</td><td>483</td><td>4,587</td><td>2,047</td><td>5,517</td><td>257,357</td><td>20</td><td>257,377</td><td>256,652</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>-2,135</td><td>1,839</td><td>7,357</td><td>255,222</td><td>29</td><td>255,251</td><td>254,367</td></tr><tr><td>1952</td><td>61,391</td><td>65,408</td><td>-4,017</td><td>147</td><td>-401</td><td>3,883</td><td>-388</td><td>6,969</td><td>259,105</td><td>46</td><td>259,151</td><td>258,507</td></tr><tr><td>1953</td><td>64,825</td><td>74,274</td><td>-9,449</td><td>435</td><td>-250</td><td>6,966</td><td>-2,299</td><td>4,670</td><td>266,071</td><td>52</td><td>266,123</td><td>265,522</td></tr><tr><td>1954</td><td>64,655</td><td>67,772</td><td>-3,117</td><td>328</td><td>-303</td><td>5,189</td><td>2,096</td><td>6,766</td><td>271,260</td><td>81</td><td>271,341</td><td>270,790</td></tr><tr><td>1955</td><td>60,390</td><td>64,570</td><td>-4,180</td><td>231</td><td>284</td><td>3,115</td><td>-551</td><td>6,216</td><td>274,374</td><td>44</td><td>274,418</td><td>279,915</td></tr><tr><td>1956</td><td>68,165</td><td>68,540</td><td>1,626</td><td>-194</td><td>522</td><td>-1,623</td><td>331</td><td>6,546</td><td>272,751</td><td>74</td><td>272,825</td><td>272,361</td></tr><tr><td>1957</td><td>71,029</td><td>69,433</td><td>1,596</td><td>195</td><td>-523</td><td>-2,224</td><td>-956</td><td>5,590</td><td>270,527</td><td>107</td><td>270,634</td><td>270,188</td></tr><tr><td>1958</td><td>69,117</td><td>71,936</td><td>-2,819</td><td>633</td><td>530</td><td>5,816</td><td>4,159</td><td>9,749</td><td>276,343</td><td>101</td><td>276,444</td><td>276,013</td></tr><tr><td>1959</td><td>68,270</td><td>80,697</td><td>-12,427</td><td>-329</td><td>-6</td><td>8,363</td><td>-4,399</td><td>5,350</td><td>284,706</td><td>111</td><td>284,817</td><td>284,398</td></tr><tr><td>1960 (Est.)</td><td>78,600</td><td>78,383</td><td>217</td><td>-198</td><td>187</td><td>-206</td><td>-</td><td>5,350</td><td>284,500</td><td>116</td><td>284,616</td><td>284,216</td></tr><tr><td>1961 (Est.)</td><td>84,000</td><td>79,816</td><td>4,184</td><td>221</td><td>95</td><td>-4,500</td><td>-</td><td>5,350</td><td>280,000</td><td>107</td><td>280,107</td><td>279,757</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1949</td><td>40,864</td><td>35,623</td><td>5,241</td><td>-229</td><td>199</td><td>-4,100</td><td>1,111</td><td>4,208</td><td>252,800</td><td>55</td><td>252,854</td><td>252,057</td></tr><tr><td>1950</td><td>37,514</td><td>41,106</td><td>-3,592</td><td>-502</td><td>234</td><td>4,331</td><td>471</td><td>4,679</td><td>257,130</td><td>30</td><td>257,160</td><td>256,413</td></tr><tr><td>1951</td><td>37,306</td><td>37,728</td><td>-422</td><td>312</td><td>87</td><td>-423</td><td>-447</td><td>4,232</td><td>256,708</td><td>24</td><td>256,731</td><td>256,026</td></tr><tr><td>1952</td><td>52,979</td><td>56,337</td><td>-3,358</td><td>815</td><td>-106</td><td>2,711</td><td>62</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td><td>258,794</td></tr><tr><td>1953</td><td>64,840</td><td>70,682</td><td>-5,842</td><td>-41</td><td>-319</td><td>7,973</td><td>1,770</td><td>6,064</td><td>267,391</td><td>54</td><td>267,445</td><td>266,821</td></tr><tr><td>1954</td><td>63,841</td><td>72,997</td><td>-9,157</td><td>101</td><td>-209</td><td>7,777</td><td>-1,488</td><td>4,577</td><td>275,168</td><td>76</td><td>275,244</td><td>274,671</td></tr><tr><td>1955</td><td>61,171</td><td>64,854</td><td>-3,683</td><td>739</td><td>-34</td><td>3,582</td><td>603</td><td>5,180</td><td>278,750</td><td>34</td><td>278,784</td><td>278,258</td></tr><tr><td>1956</td><td>63,358</td><td>66,129</td><td>-2,771</td><td>-259</td><td>376</td><td>2,019</td><td>-635</td><td>4,545</td><td>280,769</td><td>53</td><td>280,822</td><td>280,348</td></tr><tr><td>1957</td><td>70,994</td><td>67,216</td><td>3,779</td><td>267</td><td>-21</td><td>-1,111</td><td>-117</td><td>4,427</td><td>276,628</td><td>103</td><td>276,731</td><td>276,276</td></tr><tr><td>1958</td><td>72,282</td><td>71,692</td><td>592</td><td>1,092</td><td>224</td><td>-1,700</td><td>179</td><td>4,606</td><td>274,898</td><td>104</td><td>275,002</td><td>274,564</td></tr><tr><td>1958</td><td>68,694</td><td>75,782</td><td>-7,088</td><td>-691</td><td>109</td><td>8,025</td><td>355</td><td>4,961</td><td>282,922</td><td>109</td><td>283,031</td><td>282,607</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1957-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>-1,115</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>423</td><td>4,898</td><td>272,825</td><td>109</td><td>273,954</td><td>273,085</td></tr><tr><td>Sept.</td><td>7,225</td><td>5,667</td><td>1,559</td><td>162</td><td>149</td><td>567</td><td>2,436</td><td>7,335</td><td>274,412</td><td>115</td><td>274,527</td><td>274,085</td></tr><tr><td>Oct.</td><td>3,131</td><td>6,501</td><td>-3,370</td><td>333</td><td>354</td><td>-345</td><td>-3,028</td><td>4,307</td><td>274,067</td><td>103</td><td>274,170</td><td>273,730</td></tr><tr><td>Nov.</td><td>4,827</td><td>5,806</td><td>-979</td><td>442</td><td>415</td><td>679</td><td>558</td><td>4,865</td><td>274,747</td><td>104</td><td>274,850</td><td>274,411</td></tr><tr><td>Dec.</td><td>5,956</td><td>5,809</td><td>147</td><td>48</td><td>-604</td><td>151</td><td>-259</td><td>4,606</td><td>274,898</td><td>104</td><td>275,002</td><td>274,564</td></tr><tr><td>1958-Jan.</td><td>4,786</td><td>6,011</td><td>-1,225</td><td>-65</td><td>533</td><td>-343</td><td>-1,101</td><td>3,505</td><td>274,555</td><td>101</td><td>274,656</td><td>274,219</td></tr><tr><td>Feb.</td><td>6,299</td><td>5,158</td><td>1,141</td><td>328</td><td>338</td><td>1,214</td><td>888</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>1,682</td><td>6,076</td><td>272,624</td><td>104</td><td>272,728</td><td>272,294</td></tr><tr><td>April</td><td>3,496</td><td>6,122</td><td>-2,626</td><td>-13</td><td>617</td><td>2,433</td><td>412</td><td>6,487</td><td>275,057</td><td>94</td><td>275,151</td><td>274,718</td></tr><tr><td>May</td><td>4,925</td><td>5,846</td><td>-920</td><td>137</td><td>-169</td><td>596</td><td>-357</td><td>6,130</td><td>275,653</td><td>97</td><td>275,749</td><td>275,317</td></tr><tr><td>June</td><td>10,785</td><td>6,621</td><td>4,164</td><td>-553</td><td>-682</td><td>691</td><td>3,619</td><td>9,749</td><td>276,343</td><td>101</td><td>276,444</td><td>276,013</td></tr><tr><td>July</td><td>2,946</td><td>6,613</td><td>-3,667</td><td>-376</td><td>290</td><td>-877</td><td>-4,630</td><td>5,119</td><td>275,466</td><td>102</td><td>275,568</td><td>275,139</td></tr><tr><td>August</td><td>4,838</td><td>6,198</td><td>-1,361</td><td>86</td><td>-483</td><td>3,009</td><td>1,249</td><td>6,368</td><td>278,476</td><td>108</td><td>278,584</td><td>278,156</td></tr><tr><td>Sept.</td><td>7,208</td><td>6,633</td><td>575</td><td>-200</td><td>166</td><td>-1,810</td><td>-1,269</td><td>5,099</td><td>276,666</td><td>118</td><td>276,784</td><td>276,356</td></tr><tr><td>Oct.</td><td>2,769</td><td>7,144</td><td>-4,376</td><td>-84</td><td>350</td><td>3,565</td><td>-565</td><td>4,534</td><td>280,211</td><td>112</td><td>280,323</td><td>279,897</td></tr><tr><td>Nov.</td><td>4,962</td><td>6,237</td><td>-1,274</td><td>352</td><td>65</td><td>2,848</td><td>1,991</td><td>6,525</td><td>283,060</td><td>107</td><td>283,167</td><td>282,711</td></tr><tr><td>Dec.</td><td>6,180</td><td>7,080</td><td>-900</td><td>-37</td><td>-489</td><td>-138</td><td>-1,564</td><td>4,961</td><td>282,922</td><td>109</td><td>283,031</td><td>282,607</td></tr><tr><td>1959-Jan.</td><td>4,528</td><td>6,776</td><td>-2,248</td><td>-81</td><td>408</td><td>2,879</td><td>957</td><td>5,918</td><td>285,801</td><td>106</td><td>285,907</td><td>285,484</td></tr><tr><td>Feb.</td><td>6,576</td><td>6,331</td><td>245</td><td>279</td><td>-470</td><td>-697</td><td>-644</td><td>5,274</td><td>285,104</td><td>112</td><td>285,216</td><td>284,729</td></tr><tr><td>March</td><td>8,426</td><td>6,461</td><td>1,965</td><td>-194</td><td>462</td><td>-3,069</td><td>-896</td><td>4,438</td><td>285,034</td><td>119</td><td>285,153</td><td>281,733</td></tr><tr><td>April</td><td>4,258</td><td>6,427</td><td>-2,169</td><td>-34</td><td>414</td><td>3,319</td><td>1,531</td><td>5,969</td><td>285,353</td><td>107</td><td>285,460</td><td>285,040</td></tr><tr><td>May</td><td>5,425</td><td>6,164</td><td>-739</td><td>-365</td><td>-365</td><td>74</td><td>-81</td><td>5,388</td><td>284,203</td><td>108</td><td>284,420</td><td>283,793</td></tr><tr><td>June</td><td>10,154</td><td>8,621</td><td>1,534</td><td>-110</td><td>-354</td><td>-1,597</td><td>-538</td><td>5,350</td><td>284,706</td><td>111</td><td>284,817</td><td>284,398</td></tr><tr><td>July</td><td>3,246</td><td>6,557</td><td>-3,311</td><td>-290</td><td>112</td><td>3,976</td><td>486</td><td>5,877</td><td>288,682</td><td>110</td><td>288,792</td><td>288,375</td></tr><tr><td>August</td><td>5,679</td><td>6,305</td><td>-626</td><td>301</td><td>-608</td><td>1,714</td><td>781</td><td>6,617</td><td>290,396</td><td>111</td><td>290,506</td><td>290,091</td></tr><tr><td>Sept.</td><td>8,486</td><td>6,337</td><td>2,129</td><td>-27</td><td>396</td><td>-2,100</td><td>199</td><td>7,017</td><td>289,296</td><td>116</td><td>289,412</td><td>287,997</td></tr><tr><td>Oct.</td><td>3,023</td><td>6,868</td><td>-3,845</td><td>-207</td><td>455</td><td>2,957</td><td>-642</td><td>6,376</td><td>291,253</td><td>118</td><td>291,372</td><td>290,958</td></tr><tr><td>Nov.</td><td>5,897</td><td>6,598</td><td>-701</td><td>436</td><td>-538</td><td>-664</td><td>-1,408</td><td>4,368</td><td>290,589</td><td>124</td><td>290,713</td><td>290,301</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 the abbreviations, see III, p. 212); the figures for the 1961 Budget document, released January 18, 1960, including 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 p. 213) and consolidated receipts of the Economic Cooperation Trust Fund, established under Section III, (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures.
2 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 8.
4/ For checks outstanding and telegraphic reports from Federal Reserve Banks; public debt interest accrued and unpaid beginning with June and the fiscal year 1955 (previously included from November 1949 as interest 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 (-).
5/ For current month detail and list of acts, 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 data when each became effective are as follows: $275 billion, on June 26, 1956; $275 billion, on July 1, 1957; $278 billion, on July 1, 1958; $275 billion, on July 1, 1959; $280 billion, on February 26, 1958; $288 billion, on September 2, 1958; and $290 billion on June 30, 1959. From July 1, 1959 to June 30, 1960, the limit is $295 billion. Thereafter it will revert to $285 billion.
2
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Income taxes</th><th colspan="4">Internal revenue taxes 1/</th><th rowspan="2">Estate and gift taxes 2/</th><th rowspan="2">Excise taxes 2/</th><th rowspan="2">Taxes not otherwise classified 2/</th><th rowspan="2">Total internal revenue 2/</th></tr><tr><th>Corporation 2/</th><th>Not withheld 2/ 3/</th><th>Withheld 2/</th><th>Total income taxes</th><th>For old-age and disability insurance 3/</th><th>For railroad retirement 5/</th><th>For unemployment insurance 5/</th><th>Total employment taxes 1/</th></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></td><td>9,726</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>10,825</td><td>9 8/</td><td>70,300 8/</td></tr><tr><td>1954</td><td>21,523</td><td>10,747</td><td>21,635</td><td>53,906</td><td>4,537</td><td>603</td><td>285</td><td>5,425</td><td>945</td><td>10,012</td><td>7</td><td>66,289</td></tr><tr><td>1955</td><td>18,265</td><td>10,396</td><td>21,254</td><td>49,915</td><td>5,340</td><td>600</td><td>280</td><td>6,220</td><td>976</td><td>9,211</td><td>5</td><td>75,109</td></tr><tr><td>1956</td><td>21,299</td><td>11,322</td><td>24,012</td><td>56,633</td><td>6,337</td><td>634</td><td>325</td><td>7,296</td><td>1,171</td><td>10,004</td><td>15</td><td>80,172</td></tr><tr><td>1957</td><td>21,531</td><td>12,302</td><td>26,728</td><td>60,560</td><td>6,634</td><td>616</td><td>330</td><td>7,581</td><td>1,378</td><td>10,638 9/</td><td>7</td><td>79,978</td></tr><tr><td>1958</td><td>20,533</td><td>11,528</td><td>27,012</td><td>59,102</td><td>7,733</td><td>575</td><td>336</td><td>8,644</td><td>1,411</td><td>10,812</td><td>5</td><td>79,798</td></tr><tr><td>1959</td><td>18,092</td><td>11,733</td><td>29,001</td><td>58,926</td><td>8,004</td><td>525</td><td>321</td><td>8,854</td><td>1,353</td><td>10,760</td><td>6</td><td>92,073</td></tr><tr><td>1960 (Est.)</td><td>23,000</td><td>12,600</td><td>32,100</td><td>67,700</td><td>10,092</td><td>630</td><td>335</td><td>11,057</td><td>1,500</td><td>11,811</td><td>6</td><td>99,580</td></tr><tr><td>1961 (Est.)</td><td>24,300</td><td>13,200</td><td>35,200</td><td>72,700</td><td>11,665</td><td>660</td><td>342</td><td>12,667</td><td>1,650</td><td>12,557</td><td>6</td><td>101,510</td></tr><tr><td>1959-January</td><td>424</td><td>1,996 10/</td><td>968 10/</td><td>3,368</td><td>267 10/</td><td>16</td><td>39</td><td>321</td><td>113</td><td>817</td><td>*</td><td>4,649</td></tr><tr><td>February</td><td>362</td><td>846</td><td>4,356</td><td>5,563</td><td>949</td><td>71</td><td>261</td><td>1,281</td><td>107</td><td>906</td><td>*</td><td>7,858</td></tr><tr><td>March</td><td>5,459</td><td>725</td><td>2,223</td><td>8,397</td><td>799</td><td>43</td><td>15</td><td>857</td><td>132</td><td>927</td><td>1</td><td>10,315</td></tr><tr><td>April</td><td>477</td><td>3,033 10/</td><td>969 10/</td><td>4,478</td><td>540 10/</td><td>16</td><td>1</td><td>558</td><td>179</td><td>852</td><td>1</td><td>6,068</td></tr><tr><td>May</td><td>410</td><td>627</td><td>4,196</td><td>5,223</td><td>1,417</td><td>70</td><td>1</td><td>1,488</td><td>130</td><td>1,020</td><td>3</td><td>7,864</td></tr><tr><td>June</td><td>4,786</td><td>1,689 10/</td><td>2,552 10/</td><td>9,029</td><td>649 10/</td><td>46</td><td>1</td><td>696</td><td>104</td><td>842</td><td>1</td><td>10,670</td></tr><tr><td>July</td><td>568</td><td>364</td><td>1,239</td><td>2,171</td><td>311</td><td>20</td><td>1</td><td>332</td><td>131</td><td>971</td><td>1</td><td>3,606</td></tr><tr><td>August</td><td>368</td><td>123</td><td>4,223</td><td>4,714</td><td>1,235</td><td>85</td><td>1</td><td>1,321</td><td>98</td><td>1,027</td><td>*</td><td>7,160</td></tr><tr><td>September</td><td>3,311</td><td>1,837</td><td>2,264</td><td>7,411</td><td>652</td><td>52</td><td>1</td><td>704</td><td>107</td><td>1,007</td><td>*</td><td>9,229</td></tr><tr><td>October</td><td>491</td><td>257</td><td>1,211</td><td>1,959</td><td>259</td><td>16</td><td>2</td><td>278</td><td>106</td><td>977</td><td>*</td><td>3,319</td></tr><tr><td>November</td><td>405</td><td>99</td><td>4,345</td><td>4,849</td><td>882</td><td>82</td><td>1</td><td>965</td><td>104</td><td>936</td><td>-1</td><td>6,852</td></tr><tr><td>1960 to date</td><td>5,143</td><td>2,679</td><td>13,281</td><td>21,103</td><td>3,339</td><td>256</td><td>5</td><td>3,600</td><td>545</td><td>4,917</td><td>*</td><td>30,166</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Customs</th><th rowspan="2">Miscellaneous receipts 2/</th><th rowspan="2">Total budget receipts</th><th colspan="5">Deductions from budget receipts</th><th colspan="2">Refunds of receipts 15/</th><th rowspan="2">Net budget receipts</th></tr><tr><th>POASI 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>1952</td><td>551</td><td>1,814</td><td>67,999</td><td>3,569</td><td>-</td><td>738</td><td>-</td><td>2,275</td><td>18</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>3,245</td><td>20</td><td>11</td><td>3,377</td><td>60,655</td></tr><tr><td>1955</td><td>606</td><td>2,559</td><td>69,454</td><td>5,020 16/</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>2,769</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>71,029</td></tr><tr><td>1958</td><td>800</td><td>3,196</td><td>83,974</td><td>6,870</td><td>863</td><td>575</td><td>2,116</td><td>4,413</td><td>18</td><td>2</td><td>4,433</td><td>69,117</td></tr><tr><td>1959</td><td>948</td><td>3,158</td><td>83,904</td><td>7,158</td><td>847</td><td>525</td><td>2,171</td><td>4,907</td><td>23</td><td>3</td><td>4,933</td><td>68,270</td></tr><tr><td>1960 (Est.)</td><td>1,200</td><td>4,013</td><td>97,286</td><td>9,164</td><td>928</td><td>630</td><td>2,627</td><td>5,308</td><td>24</td><td>3</td><td>5,335</td><td>78,600</td></tr><tr><td>1961 (Est.)</td><td>1,400</td><td>3,932</td><td>104,912</td><td>10,693</td><td>972</td><td>660</td><td>2,950</td><td>5,611</td><td>24</td><td>2</td><td>5,637</td><td>84,000</td></tr><tr><td>1959-January</td><td>76</td><td>231</td><td>4,956</td><td>242 10/</td><td>25 10/</td><td>14</td><td>172</td><td>-27 17/</td><td>2</td><td>*</td><td>-26</td><td>4,528</td></tr><tr><td>February</td><td>70</td><td>224</td><td>8,152</td><td>851</td><td>98</td><td>71</td><td>182</td><td>373</td><td>1</td><td>*</td><td>374</td><td>6,576</td></tr><tr><td>March</td><td>89</td><td>318</td><td>10,722</td><td>718</td><td>81</td><td>43</td><td>152</td><td>1,299</td><td>2</td><td>*</td><td>1,301</td><td>8,426</td></tr><tr><td>April</td><td>85</td><td>223</td><td>6,375</td><td>481 10/</td><td>59 10/</td><td>16</td><td>118</td><td>1,410</td><td>2</td><td>*</td><td>1,412</td><td>4,258</td></tr><tr><td>May</td><td>89</td><td>202</td><td>8,155</td><td>1,274</td><td>143</td><td>70</td><td>214</td><td>1,028</td><td>2</td><td>*</td><td>1,030</td><td>5,125</td></tr><tr><td>June</td><td>94</td><td>483</td><td>11,247</td><td>583 10/</td><td>66 10/</td><td>16</td><td>191</td><td>205</td><td>1</td><td>1</td><td>208</td><td>10,154</td></tr><tr><td>July</td><td>94</td><td>237</td><td>3,936</td><td>279</td><td>32</td><td>20</td><td>192</td><td>165</td><td>1</td><td>*</td><td>167</td><td>3,266</td></tr><tr><td>August</td><td>87</td><td>172</td><td>7,418</td><td>1,112</td><td>123</td><td>85</td><td>237</td><td>179</td><td>1</td><td>*</td><td>181</td><td>5,679</td></tr><tr><td>September</td><td>99</td><td>224</td><td>9,552</td><td>588</td><td>63</td><td>52</td><td>201</td><td>160</td><td>2</td><td>*</td><td>161</td><td>8,186</td></tr><tr><td>October</td><td>90</td><td>217</td><td>3,626</td><td>235</td><td>24</td><td>16</td><td>198</td><td>128</td><td>2</td><td>*</td><td>129</td><td>3,023</td></tr><tr><td>November</td><td>94</td><td>205</td><td>7,152</td><td>793</td><td>89</td><td>82</td><td>219</td><td>71</td><td>1</td><td>*</td><td>72</td><td>5,897</td></tr><tr><td>1960 to date</td><td>465</td><td>1,054</td><td>31,685</td><td>3,008</td><td>331</td><td>256</td><td>1,048</td><td>703</td><td>7</td><td>1</td><td>710</td><td>26,332</td></tr></table>
Source: Actual figures for 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 1961 Budget document, released January 18, 1960, and supporting data, including effects of proposed legislation.
1/ 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.
Beginning January 1951, the distribution of receipts between individual income taxes and old-age and disability 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 footnote 11), and after December 1956 also for transfer to the Federal Disability Insurance Trust Fund (see footnote 12).
Taxes on employee and employee 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 following page.
January 1960
3
BUDGET RECEIPTS AND EXPENDITURES
Footnotes to Table 1 - (Continued)
Through 1953, contributions to the Railroad Unemployment Insurance Administration Fund were carried in the daily Treasury statement as miscellaneous receipts, while the 1950 Budget document, Special Analysis L, 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 1961 Budget document, Special Analysis C, taxes not otherwise classified are included in miscellaneous receipts.
9/ Beginning 1957, includes collections under increased rates in the Highway Revenue Act of 1956 (see footnote 14).
Figures shown include adjustments (see footnotes 11) as follows: In January, decreases in income tax of $82 million withheld and $7 million not withheld; in February, increases in contributions to Federal Old-Age and Survivors Insurance Trust Fund and $5 million to Federal Disability Insurance Trust Fund; in April, increase in income tax withheld of $129 million and decreases in income tax not withheld of $2 million and in transfers of $114 million to Federal Old-Age and Survivors Insurance Trust Fund and $1 million to Federal Disability Insurance Trust Fund; in June, increase in income tax withheld of $138 million and decreases in income tax not withheld of $114 million, and in transfers of $111 million to Federal Old-Age and Survivors Insurance Trust fund and $13 million to Federal
Amounts appropriated to the Federal Old-Age and Survivors Insurance Trust Fund are equivalent to the amounts of taxes collected and deposited for old-age insurance (42 U.S.C. 401 (e)). 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 Social Security Act, as amended (42 U.S.C. 401 (a)). Adjustments to the estimates are made 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 reimbursed to the general fund by the trust 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 (h)). The act appropriated to the trust fund amounts equivalent to specified percentages 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 time to time to the trust fund on the same basis as transfers to 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.
13/ Excludes the Government's contribution for creditable military service (45 U.S.C. 228c-1 (n)). 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.
The Highway Revenue Act of 1956, approved June 29, 1956 (2 U.S.C. 173) established a Highway Trust Fund from which are to be made, as provided by appropriations, payments to States for highways. After June 30, 1956, and before July 1, 1972. The act 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 transfers. The use tax was imposed by the act and rates were increased for the other taxes. Previous to the filing on November 1, 1971, all estimated receipts were included in net budget receipts and Federal-exiled highway expenditures were included in budget expenditures.
15/ Interest on refunds is included in expenditures in Table 2.
16/ Transfers reduced by $300 million to correct those made earlier on basis of estimates (see footnote 11).
Net of reimbursement of $83 million from the Federal Old-Age and Survivors Insurance Trust Fund for tax refunds (see footnote 11). Less than $500,000.
Footnotes to Table 2 - (Continued)
Footnotes 1 through 3 follow Table 2 on page 4.
The 1959 figures in the Bulletin differ from those in the 1961 Budget document because of a reclassification in the letter by which military assistance under the Mutual Security program in the amount of $2,340 million is shifted from "Funds appropriated to the President" to "Defense Department, military functions," and $8 million is shifted from "State Department" to "Funds
appropriated to the President." Monthly figures in the Bulletin are on the same classification basis as 1959 fiscal year figures. Totals include allowance for contingencies of $75 million for 1960 and $200 million for 1961.
6/ Includes unclassified expenditure transfers until those have been distributed in final fiscal year figures.
Beginning 1955, consists of net expenditures of the Postal Fund reflecting the change in classification of Post Office transactions to a public enterprise revolving fund basis.
9/ Reported on an accrual basis effective June 30, 1955.
9/ Consists of Federal payment and loans and advances.
national Monetary Fund pursuant to Public Law 86-48, approved June 17, 1959.
Revised to reflect for the fiscal year as a whole the shift of the former Civil Aeronautics Administration and the Civil Aeronautics Board from "Commerce Department" to "Independent Offices."
Less than $500,000.
4
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Expenditures by Agencies
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Legislative branch</th><th>Judiciary</th><th>Executive Office of the President</th><th>Funds appropriated to the President</th><th>Independent offices</th><th>General Services Administration</th><th>Housing and Home Finance Agency</th><th>Agriculture Department</th><th>Commerce Department</th></tr><tr><td>1953</td><td>74,274</td><td>61</td><td>27</td><td>9</td><td>5,782</td><td>6,905</td><td>1,107</td><td>385</td><td>3,217</td><td>1,063</td></tr><tr><td>1954</td><td>67,772</td><td>59</td><td>28</td><td>9</td><td>5,282</td><td>6,472 1/</td><td>806</td><td>-615</td><td>2,915</td><td>1,000</td></tr><tr><td>1955</td><td>64,570</td><td>65</td><td>30</td><td>9</td><td>4,181</td><td>6,791</td><td>973</td><td>129</td><td>4,636</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</td><td>523</td><td>39</td><td>5,177</td><td>1,299</td></tr><tr><td>1957</td><td>69,433 2/ 2/</td><td>97</td><td>39</td><td>10</td><td>4,115</td><td>7,707 3/</td><td>570</td><td>-23</td><td>5,006</td><td>562 2/</td></tr><tr><td>1958</td><td>71,936</td><td>99</td><td>44</td><td>11</td><td>4,081</td><td>8,305</td><td>425</td><td>199</td><td>4,875</td><td>625</td></tr><tr><td>1959</td><td>80,697</td><td>118</td><td>47</td><td>56</td><td>4,109 6/</td><td>9,315r</td><td>359</td><td>1,153</td><td>7,091</td><td>382r</td></tr><tr><td>1960 (Eet.)</td><td>78,383 5/</td><td>135</td><td>49</td><td>67</td><td>1,768</td><td>9,492</td><td>430</td><td>361</td><td>5,706</td><td>564</td></tr><tr><td>1961 (Eet.)</td><td>79,816 2/</td><td>162</td><td>52</td><td>79</td><td>1,814</td><td>10,181</td><td>458</td><td>500</td><td>6,201</td><td>473</td></tr><tr><td>1959-January</td><td>6,776</td><td>8</td><td>3</td><td>5</td><td>332</td><td>736</td><td>15</td><td>150</td><td>821</td><td>26</td></tr><tr><td>February</td><td>6,331</td><td>8</td><td>3</td><td>4</td><td>274</td><td>784</td><td>26</td><td>124</td><td>637</td><td>45</td></tr><tr><td>March</td><td>6,461</td><td>10</td><td>4</td><td>4</td><td>366</td><td>760</td><td>35</td><td>167</td><td>423</td><td>21</td></tr><tr><td>April</td><td>6,427</td><td>7</td><td>4</td><td>4</td><td>328</td><td>811</td><td>31</td><td>77</td><td>374</td><td>36</td></tr><tr><td>May</td><td>6,164</td><td>10</td><td>4</td><td>3</td><td>293</td><td>807</td><td>25</td><td>153</td><td>283</td><td>37</td></tr><tr><td>June</td><td>8,631</td><td>13</td><td>4</td><td>3</td><td>462</td><td>807</td><td>34</td><td>134</td><td>429</td><td>30</td></tr><tr><td>July</td><td>6,557</td><td>10</td><td>4</td><td>4</td><td>246</td><td>690</td><td>17</td><td>195</td><td>531</td><td>43</td></tr><tr><td>August</td><td>6,305</td><td>7</td><td>4</td><td>4</td><td>225</td><td>758</td><td>30</td><td>122</td><td>376</td><td>51</td></tr><tr><td>September</td><td>6,357</td><td>14</td><td>4</td><td>5</td><td>283</td><td>732</td><td>42</td><td>*</td><td>435</td><td>30</td></tr><tr><td>October</td><td>6,868</td><td>10</td><td>4</td><td>7</td><td>279</td><td>516</td><td>38</td><td>134</td><td>716</td><td>187</td></tr><tr><td>November</td><td>6,598</td><td>11</td><td>4</td><td>4</td><td>289</td><td>760</td><td>25</td><td>118</td><td>562</td><td>189</td></tr><tr><td>1960 to date</td><td>32,686 6/</td><td>52</td><td>20</td><td>23</td><td>1,322</td><td>3,456</td><td>152</td><td>599</td><td>2,621</td><td>501</td></tr></table><table><tr><th>Fiscal year or month</th><th colspan="4">Defense Department</th><th colspan="7">Treasury Department</th><th>District of Columbia 9/</th></tr><tr><th></th><th>Military functions</th><th>Civil functions</th><th>Health, Education, and Welfare Department</th><th>Interior Department</th><th>Justice Department</th><th>Labor Department</th><th>Post Office Department 7/</th><th>State Department</th><th>Interest</th><th>On public debt 8/</th><th>On refunds of taxes</th><th>Other</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>798</td><td>12</td></tr><tr><td>1954</td><td>40,336</td><td>605</td><td>1,981</td><td>535</td><td>183</td><td>355</td><td>312</td><td>156</td><td>6,382</td><td>83</td><td>873</td><td>13</td></tr><tr><td>1955</td><td>35,532</td><td>548</td><td>1,993</td><td>515</td><td>182</td><td>394</td><td>356</td><td>136</td><td>6,370</td><td>62</td><td>368 1/</td><td>22</td></tr><tr><td>1956</td><td>35,791</td><td>573</td><td>2,071</td><td>512</td><td>216</td><td>412</td><td>463</td><td>142</td><td>6,787</td><td>54</td><td>879</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>418</td><td>518</td><td>179</td><td>7,244</td><td>57</td><td>768</td><td>26</td></tr><tr><td>1958</td><td>39,062</td><td>733</td><td>2,645</td><td>666</td><td>229</td><td>567</td><td>674</td><td>206</td><td>7,607</td><td>74</td><td>765</td><td>25</td></tr><tr><td>1959</td><td>41,233 6/</td><td>807</td><td>3,092</td><td>751</td><td>250</td><td>1,016</td><td>774</td><td>272 6/</td><td>7,593</td><td>69</td><td>2,178 10/</td><td>31</td></tr><tr><td>1960 (Eet.)</td><td>42,745</td><td>907</td><td>3,417</td><td>744</td><td>259</td><td>544</td><td>604</td><td>238</td><td>9,300</td><td>75</td><td>909</td><td>34</td></tr><tr><td>1961 (Eet.)</td><td>42,745</td><td>972</td><td>3,517</td><td>809</td><td>271</td><td>540</td><td>49</td><td>292</td><td>9,500</td><td>75</td><td>877</td><td>48</td></tr><tr><td>1959-January</td><td>3,316</td><td>55</td><td>276</td><td>48</td><td>19</td><td>141</td><td>56</td><td>23</td><td>675</td><td>5</td><td>68</td><td>*</td></tr><tr><td>February</td><td>3,212</td><td>50</td><td>266</td><td>61</td><td>19</td><td>50</td><td>58</td><td>15</td><td>630</td><td>5</td><td>60</td><td>*</td></tr><tr><td>March</td><td>3,440</td><td>56</td><td>269</td><td>46</td><td>20</td><td>43</td><td>61</td><td>16</td><td>649</td><td>6</td><td>66</td><td>1</td></tr><tr><td>April</td><td>3,464</td><td>64</td><td>280</td><td>61</td><td>20</td><td>78</td><td>38</td><td>21</td><td>652</td><td>4</td><td>73</td><td>1</td></tr><tr><td>May</td><td>3,243</td><td>66</td><td>289</td><td>51</td><td>26</td><td>39</td><td>109</td><td>8</td><td>650</td><td>7</td><td>64</td><td>6</td></tr><tr><td>June</td><td>3,956</td><td>127</td><td>260</td><td>62</td><td>19</td><td>68</td><td>36</td><td>39</td><td>689</td><td>9</td><td>1,450 10/</td><td>*</td></tr><tr><td>July</td><td>3,402</td><td>57</td><td>270</td><td>75</td><td>21</td><td>41</td><td>64</td><td>59</td><td>728</td><td>6</td><td>69</td><td>27</td></tr><tr><td>August</td><td>3,386</td><td>81</td><td>273</td><td>55</td><td>19</td><td>43</td><td>59</td><td>15</td><td>724</td><td>10</td><td>61</td><td>-</td></tr><tr><td>September</td><td>3,433</td><td>83</td><td>293</td><td>74</td><td>20</td><td>43</td><td>46</td><td>22</td><td>718</td><td>6</td><td>74</td><td>-</td></tr><tr><td>October</td><td>3,577</td><td>92</td><td>294</td><td>72</td><td>27</td><td>97</td><td>19</td><td>17</td><td>732</td><td>8</td><td>42</td><td>-</td></tr><tr><td>November</td><td>3,319</td><td>69</td><td>259</td><td>56</td><td>20</td><td>22</td><td>31</td><td>21</td><td>743</td><td>4</td><td>59</td><td>-</td></tr><tr><td>1960 to date</td><td>17,118</td><td>382</td><td>1,388</td><td>334</td><td>106</td><td>266</td><td>219</td><td>134</td><td>3,646</td><td>34</td><td>306</td><td>27</td></tr></table>
Sources: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the 1961 Budget document, released January 18, 1960, including effects of proposed legislation.
Note: Figures in this table are for agencies as constituted at the time the budget was written, and do not necessarily represent functions which are comparable over a period of time. For expenditures by functions on a consistent basis, see Table 4. Agency shifts are reflected in this table as follows: Beginning 1955, Federal Home Loan Bank Board from "Housing and Home Finance Agency" to "Independent offices," and Reconstruction Finance Corporation as indicated in footnote 1; beginning 1957, "Internal Revenue and Customs Service" to "Commerce Department," and Federal Intermediate credit banks and production credit corporations as indicated in footnote 3; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General Services Administration," and Information Media Guaranty Fund from "General Services Administration" to "Independent offices," beginning 1959, "Federal Civil Defense Administration" to "Independent offices" to "Executive Office of the President"; and the former Civil Aeronautics Administration and the Civil Aeronautics Board from "Commerce Department" to "Independent offices."
1/ Reconstruction Finance Corporation is included under "Independent offices" through 1954, and under "Treasury Department" beginning 1955, except functions transferred to Export-Import Bank, Federal National Mortgage Association, General Services Administration, and Small Business Administration. The corporation was abolished at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957, and its remaining functions were transferred to the Housing and Home Finance Administrator, Administrator of General Services, Administrator of Small Business Administration, and Secretary of the Treasury.
2/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table I).
3/ 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. 1027), and operations of the merged agencies (as mixed-ownership corporations) were classified as trust enterprise funds (see "Trust Account and Other Transactions," Table 3); previously the operations of the banks and the corporations, respectively, were classified as public enterprise funds and were included net in budget expenditures.
Remaining footnotes on page 3.
January 1960
5
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies as of November 30, 1959
(In millions of dollars; negative figures are deductions in the columns in which they appear)
<table><tr><th>Agency</th><th>Unexpended balances brought forward July 1, 1959 1/3/</th><th colspan="4">Additions, fiscal year 1960 to date</th><th>Transfers, borrowings, investments 6/</th></tr><tr><th></th><th></th><th>Appropriations 2/</th><th>Authorizations to expend from debt receipts 3/</th><th>Other authorizations 5/</th><th>Total</th><th></th></tr><tr><td>Legislative Branch</td><td>141</td><td>129</td><td>-</td><td>-19</td><td>110</td><td>-</td></tr><tr><td>The Judiciary</td><td>3</td><td>48</td><td>-</td><td>-</td><td>48</td><td>-</td></tr><tr><td>Executive Office of the President</td><td>44</td><td>63</td><td>-</td><td>-</td><td>63</td><td>-</td></tr><tr><td>Funds appropriated to the President</td><td>5,347</td><td>3,235</td><td>-</td><td>-</td><td>3,235</td><td>*</td></tr><tr><td>Independent offices</td><td>12,445</td><td>9,597</td><td>849</td><td>16</td><td>10,462</td><td>-</td></tr><tr><td>General Services Administration</td><td>489</td><td>278</td><td>-</td><td>-</td><td>278</td><td>-</td></tr><tr><td>Housing and Home Finance Agency</td><td>8,377</td><td>240</td><td>263</td><td>260</td><td>763</td><td>-</td></tr><tr><td>Agriculture Department</td><td>3,605</td><td>4,452</td><td>496</td><td>2</td><td>4,950</td><td>-</td></tr><tr><td>Commerce Department</td><td>446</td><td>902</td><td>-</td><td>4</td><td>906</td><td>-</td></tr><tr><td>Defense Department</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Military functions</td><td>31,635</td><td>40,595</td><td>-</td><td>-</td><td>40,595</td><td>-</td></tr><tr><td>Civil functions</td><td>345</td><td>922</td><td>10</td><td>-</td><td>932</td><td>-</td></tr><tr><td>Undistributed foreign transactions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Health, Education, and Welfare Department</td><td>1,097</td><td>3,021</td><td>-</td><td>-1</td><td>3,020</td><td>-</td></tr><tr><td>Interior Department</td><td>372</td><td>707</td><td>-</td><td>3</td><td>710</td><td>-</td></tr><tr><td>Justice Department</td><td>21</td><td>266</td><td>-</td><td>-</td><td>266</td><td>-</td></tr><tr><td>Labor Department</td><td>188</td><td>524</td><td>-</td><td>-</td><td>524</td><td>-</td></tr><tr><td>Post Office Department</td><td>292</td><td>642</td><td>-</td><td>-</td><td>642</td><td>*</td></tr><tr><td>State Department</td><td>72</td><td>229</td><td>-</td><td>-</td><td>229</td><td>-</td></tr><tr><td>Treasury Department</td><td>6,078</td><td>9,161</td><td>-</td><td>-</td><td>9,161</td><td>-</td></tr><tr><td>District of Columbia - Federal contribution and loans</td><td>48</td><td>62</td><td>-</td><td>-</td><td>62</td><td>-</td></tr><tr><td>Unclassified expenditure transfers</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>71,646</td><td>75,074</td><td>1,619</td><td>265</td><td>76,958</td><td>-</td></tr></table>
<table><tr><th>Agency</th><th colspan="2">Deductions, fiscal year 1960 to date</th><th colspan="4">Unexpended balances November 30, 1959</th><th>Total 2/</th></tr><tr><th></th><th>Expenditures (net)</th><th>Recessions cancellations, and other adjustments 7/</th><th>Undisbursed appropriations</th><th>Unpaid authorizations to expand from debt receipts</th><th>Unfunded contract authorizations</th><th>Investments held 8/</th><th></th></tr><tr><td>Legislative Branch</td><td>43</td><td>1</td><td>164</td><td>-</td><td>42</td><td>-</td><td>206</td></tr><tr><td>The Judiciary</td><td>20</td><td>-</td><td>32</td><td>-</td><td>-</td><td>-</td><td>32</td></tr><tr><td>Executive Office of the President</td><td>23</td><td>-</td><td>85</td><td>-</td><td>-</td><td>-</td><td>85</td></tr><tr><td>Funds appropriated to the President</td><td>1,313</td><td>51</td><td>6,910</td><td>360</td><td>111</td><td>447</td><td>7,270</td></tr><tr><td>Independent offices</td><td>3,456</td><td>51</td><td>8,863</td><td>9,946</td><td>-</td><td>-</td><td>19,401</td></tr><tr><td>General Services Administration</td><td>152</td><td>56</td><td>560</td><td>-</td><td>-</td><td>-</td><td>560</td></tr><tr><td>Housing and Home Finance Agency</td><td>599</td><td>71</td><td>363</td><td>6,594</td><td>1,406</td><td>708</td><td>9,069</td></tr><tr><td>Agriculture Department</td><td>2,621</td><td>-</td><td>1,540</td><td>4,354</td><td>41</td><td>-</td><td>5,935</td></tr><tr><td>Commerce Department</td><td>501</td><td>7</td><td>777</td><td>-</td><td>67</td><td>-</td><td>844</td></tr><tr><td>Defense Department:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Military functions</td><td>17,041</td><td>*</td><td>55,189</td><td>-</td><td>-</td><td>-</td><td>55,189</td></tr><tr><td>Civil functions</td><td>382</td><td>10</td><td>876</td><td>10</td><td>-</td><td>-</td><td>886</td></tr><tr><td>Undistributed foreign transactions</td><td>-</td><td>-</td><td>78</td><td>-</td><td>-</td><td>-</td><td>78</td></tr><tr><td>Health, Education, and Welfare</td><td>1,388</td><td>*</td><td>2,728</td><td>-</td><td>1</td><td>-</td><td>2,729</td></tr><tr><td>Interior Department</td><td>334</td><td>-2</td><td>667</td><td>*</td><td>83</td><td>-</td><td>750</td></tr><tr><td>Justices Department</td><td>106</td><td>-</td><td>181</td><td>-</td><td>-</td><td>-</td><td>181</td></tr><tr><td>Labor Department</td><td>216</td><td>-</td><td>166</td><td>-</td><td>-</td><td>-</td><td>166</td></tr><tr><td>Post Office Department</td><td>219</td><td>-</td><td>711</td><td>-</td><td>-</td><td>-</td><td>711</td></tr><tr><td>State Department</td><td>134</td><td>-</td><td>168</td><td>-</td><td>-</td><td>-</td><td>168</td></tr><tr><td>Treasury Department</td><td>3,986</td><td>2</td><td>5,286</td><td>5,964</td><td>-</td><td>-</td><td>11,250</td></tr><tr><td>District of Columbia and Federal contributions, loans</td><td>27</td><td>-</td><td>82</td><td>-</td><td>-</td><td>-</td><td>82</td></tr><tr><td>Unclassified expenditure transfers</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Adjustment to monthly statement of receipts and expenditures of the Government</td><td>17 9/</td><td>-</td><td>-17</td><td>-</td><td>-</td><td>-</td><td>-17</td></tr><tr><td>Total</td><td>32,686</td><td>197</td><td>85,555</td><td>27,228</td><td>1,784</td><td>1,154</td><td>115,721</td></tr></table>
Source: Bureau of Accounts. Details for the current fiscal year to date are shown in Bureau of Accounts report "Budgetary Appropriations and Other Authorizations, Expenditures and Unexpended Balances". 
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies, for payrolls, and for similar items. Includes reappropriations.
3/ Consists of authorizations by law for Government-owned enterprises to borrow (1) from the Treasury (to expend from public debt receipts), or (2) from the public (to expend from debt receipts).
4/ Consists of new contract authorizations, established by law for the current fiscal year, net of current appropriations to liquidate either current or prior contract authorizations.
6/ Consists of transfers between appropriations; net borrowings from, or repayments to (-), the Treasury and the public under authority to expand from debt receipts; and net investment in, or sale of (-) public debt securities and certain guaranteed securities issued by Government enterprises.
7/ Consists of transfers to, or restorations from (-), the surplus fund; rescissions, cancellations, or adjustments of borrowing authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments.
8/ Public debt securities and certain guaranteed securities issued by Government enterprises.
9/ Represents difference between monthly statement figures (based on preliminary reports) and final accounts of disbursing officers.
* Less than $500,000.
6
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
<table><tr><th>Function</th><th>Function code number</th><th>1955</th><th>1956</th><th>1957</th><th>1958</th><th>1959</th><th>Expenditures</th><th>Unexpended balances end of period</th></tr><tr><td colspan="9">Major national security:</td></tr><tr><td>Military defense</td><td>061</td><td>35,532</td><td>35,791</td><td>38,439</td><td>39,062</td><td>41,233</td><td>17,119</td><td>55,111</td></tr><tr><td>Development and control of atomic energy</td><td>066</td><td>1,857</td><td>1,651</td><td>1,990</td><td>2,268</td><td>2,541</td><td>1,059</td><td>3,080</td></tr><tr><td>Stockpiling and defense production expansion</td><td>067</td><td>944</td><td>588</td><td>490</td><td>625</td><td>312</td><td>126</td><td>263</td></tr><tr><td>Military assistance</td><td>068</td><td>2,292</td><td>2,611</td><td>2,352</td><td>2,187</td><td>2,340</td><td>590</td><td>3,258</td></tr><tr><td>Total major national security</td><td></td><td>40,626</td><td>40,641</td><td>43,270</td><td>44,142</td><td>46,426</td><td>18,888</td><td>61,691</td></tr><tr><td colspan="9">International affairs and finance:</td></tr><tr><td>Conduct of foreign affairs</td><td>151</td><td>121</td><td>120</td><td>157</td><td>173r</td><td>237</td><td>122</td><td>131</td></tr><tr><td>Economic and technical development 2/</td><td>152</td><td>1,960</td><td>1,613r</td><td>1,633r</td><td>1,910r</td><td>3,403</td><td>351</td><td>14,183</td></tr><tr><td>Foreign information and exchange activities</td><td>153</td><td>100</td><td>111</td><td>133</td><td>149</td><td>139</td><td>54</td><td>114</td></tr><tr><td>Total international affairs and finance</td><td></td><td>2,181</td><td>1,843r</td><td>1,973r</td><td>2,231r</td><td>3,780</td><td>527</td><td>14,458</td></tr><tr><td colspan="9">Veterans' services and benefits:</td></tr><tr><td>Veterans' education and training 3/</td><td>101</td><td>664</td><td>767</td><td>774</td><td>699</td><td>574</td><td>178</td><td>414</td></tr><tr><td>Other veterans' readjustment benefits 4/</td><td>102</td><td>150</td><td>123</td><td>126</td><td>168</td><td>177</td><td></td><td></td></tr><tr><td>Veterans' insurance and pensions</td><td>103</td><td>2,681</td><td>2,798</td><td>2,870</td><td>3,104</td><td>3,275</td><td>1,394</td><td>1,911</td></tr><tr><td>Veterans' insurance and servicemen's indemnities</td><td>104</td><td>57</td><td>105</td><td>47</td><td>43</td><td>35</td><td>16</td><td>107</td></tr><tr><td>Veterans' hospitals and medical care</td><td>105</td><td>727</td><td>788</td><td>801</td><td>856</td><td>921</td><td>400</td><td>725</td></tr><tr><td>Other veterans' services and administration</td><td>106</td><td>178</td><td>176</td><td>175</td><td>156</td><td>199</td><td>74</td><td>136</td></tr><tr><td>Total veterans' services and benefits</td><td></td><td>4,457</td><td>4,756</td><td>4,793</td><td>5,026</td><td>5,174</td><td>2,063</td><td>3,304</td></tr><tr><td colspan="9">Labor and welfare:</td></tr><tr><td>Labor and manpower</td><td>211</td><td>328</td><td>475</td><td>400</td><td>458</td><td>844</td><td>199</td><td>388</td></tr><tr><td>Public assistance</td><td>212</td><td>1,428</td><td>1,457</td><td>1,558</td><td>1,797</td><td>1,969</td><td>877</td><td>1,019</td></tr><tr><td>Promotion of public health</td><td>213</td><td>275</td><td>351</td><td>469</td><td>516</td><td>704</td><td>329</td><td>1,149</td></tr><tr><td>Promotion of science, research, libraries, and museums 5/</td><td>214</td><td>325r</td><td>281r</td><td>292r</td><td>319r</td><td>468</td><td>171</td><td>555</td></tr><tr><td>Correctional and penal institutions</td><td>215</td><td>53</td><td>56</td><td>71</td><td>72</td><td>119</td><td>71</td><td>365</td></tr><tr><td>Other welfare services and administration 2/</td><td>216</td><td>28</td><td>31</td><td>32</td><td>34</td><td>39</td><td>19</td><td>42</td></tr><tr><td>Total labor and welfare</td><td>217</td><td>1,36r</td><td>1,69r</td><td>2,01r</td><td>2,21r</td><td>279</td><td>101</td><td>134</td></tr><tr><td>Agriculture and agricultural resources:</td><td></td><td>2,575</td><td>2,821</td><td>3,022</td><td>3,447</td><td>4,421</td><td>1,768</td><td>3,653</td></tr><tr><td>Stabilization of farm prices and farm income 2/</td><td>351</td><td>3,486</td><td>3,900</td><td>3,430</td><td>3,151</td><td>5,126</td><td>1,611</td><td>3,481</td></tr><tr><td>Financing farm ownership and operation 6/</td><td>352</td><td>236</td><td>231</td><td>227</td><td>239</td><td>250</td><td>78</td><td>754</td></tr><tr><td>Financing rural electrification and telephones</td><td>353</td><td>204</td><td>217</td><td>267</td><td>297</td><td>315</td><td>142</td><td>1,100</td></tr><tr><td>Conservation and development of agricultural land and water resources 2/</td><td>354</td><td>290r</td><td>305</td><td>374r</td><td>448</td><td>547</td><td>481</td><td>325</td></tr><tr><td>Research, and other agricultural services 2/</td><td>355</td><td>173</td><td>215</td><td>227</td><td>255</td><td>291</td><td>113</td><td>224</td></tr><tr><td>Total agriculture and agricultural resources</td><td></td><td>4,388r</td><td>4,867r</td><td>4,525 9/</td><td>4,389</td><td>6,529</td><td>2,425</td><td>5,865</td></tr><tr><td>Natural resources:</td><td></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 resources</td><td>401</td><td>935</td><td>803</td><td>925</td><td>1,138</td><td>1,183</td><td>549</td><td>2,025</td></tr><tr><td>Conservation and development of forest resources</td><td>402</td><td>119r</td><td>139r</td><td>163r</td><td>174</td><td>201</td><td>136</td><td>125</td></tr><tr><td>Conservation and development of mineral resources</td><td>409</td><td>37</td><td>38</td><td>62</td><td>59</td><td>71</td><td>35</td><td>33</td></tr><tr><td>Conservation and development of fish and wildlife</td><td>404</td><td>43</td><td>45</td><td>51</td><td>60</td><td>68</td><td>30</td><td>89</td></tr><tr><td>Recreational use of natural resources</td><td>405</td><td>35</td><td>44</td><td>59</td><td>69</td><td>86</td><td>36</td><td>124</td></tr><tr><td>General resource surveys and administration</td><td>409</td><td>34</td><td>35</td><td>38</td><td>43</td><td>60</td><td>22</td><td>35</td></tr><tr><td>Total natural resources</td><td></td><td>1,202</td><td>1,105r</td><td>1,297r</td><td>1,544r</td><td>1,669</td><td>807</td><td>2,430</td></tr><tr><td>Commerce and housing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Promotion of water transportation</td><td>510</td><td>349</td><td>420</td><td>365</td><td>392</td><td>436</td><td>192</td><td>751</td></tr><tr><td>Provision of highways</td><td>511</td><td>647</td><td>783</td><td>40 10/</td><td>31</td><td>30</td><td>316</td><td>164</td></tr><tr><td>Promotion of aviation</td><td>512</td><td>179</td><td>180</td><td>219</td><td>315</td><td>434</td><td>239</td><td>855</td></tr><tr><td>Space exploration and flight technology</td><td>513</td><td>71</td><td>76</td><td>71</td><td>89</td><td>115</td><td>131</td><td>618</td></tr><tr><td>Pastoral services</td><td>514</td><td>356</td><td>463</td><td>518</td><td>674</td><td>774</td><td>219</td><td>714</td></tr><tr><td>Community development and facilities</td><td>515</td><td>56</td><td>4</td><td>49</td><td>78</td><td>108</td><td>66</td><td>2,461</td></tr><tr><td>Public housing programs</td><td>516</td><td>-115</td><td>31</td><td>60</td><td>51</td><td>97</td><td>85</td><td>1,574</td></tr><tr><td>Other aids to housing 11/</td><td>517</td><td>270</td><td>19</td><td>-60</td><td>228</td><td>1,085</td><td>482</td><td>7,450</td></tr><tr><td>Other aids to business 12/</td><td>518</td><td>-404</td><td>-83</td><td>59</td><td>115</td><td>139</td><td>439</td><td>3,411</td></tr><tr><td>Regulation of commerce and finance</td><td>519</td><td>38</td><td>42</td><td>45</td><td>49</td><td>48</td><td>25</td><td>38</td></tr><tr><td>Civil and defense mobilization</td><td>520</td><td>45</td><td>58</td><td>65</td><td>66</td><td>46</td><td>19</td><td>327</td></tr><tr><td>Disaster insurance, loans, and relief 13/</td><td>521</td><td>12</td><td>43</td><td>21</td><td>21</td><td>8</td><td>2</td><td>26</td></tr><tr><td>Total commerce and housing</td><td></td><td>1,504</td><td>2,030</td><td>1,455 10/</td><td>2,109</td><td>3,421</td><td>1,825</td><td>18,391</td></tr><tr><td>General government:</td><td></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>60</td><td>77</td><td>90</td><td>88</td><td>102</td><td>36</td><td>180</td></tr><tr><td>Judicial functions</td><td>602</td><td>31</td><td>38</td><td>40</td><td>44</td><td>47</td><td>20</td><td>32</td></tr><tr><td>Executive functions and management</td><td>603</td><td>10</td><td>9</td><td>9</td><td>10</td><td>12</td><td>5</td><td>9</td></tr><tr><td>Federal financial management</td><td>604</td><td>431</td><td>475</td><td>476</td><td>502</td><td>566</td><td>231</td><td>373</td></tr><tr><td>General property and records management</td><td>605</td><td>164</td><td>164</td><td>194</td><td>239</td><td>291</td><td>126</td><td>503</td></tr><tr><td>Central personnel management and employment costs 14/</td><td>606</td><td>115</td><td>334</td><td>627</td><td>140</td><td>205</td><td>79</td><td>131</td></tr><tr><td>Civilian weather services</td><td>607</td><td>25</td><td>34</td><td>38</td><td>39</td><td>46</td><td>23</td><td>39</td></tr><tr><td>Protection services and alien control</td><td>608</td><td>157</td><td>188</td><td>187</td><td>199</td><td>216</td><td>90</td><td>117</td></tr><tr><td>Territories and possessions, and District of Columbia</td><td>609</td><td>67</td><td>72r</td><td>77r</td><td>75r</td><td>89</td><td>57</td><td>109</td></tr><tr><td>Other general government</td><td>610</td><td>139</td><td>238</td><td>51</td><td>20</td><td>30</td><td>17</td><td>30</td></tr><tr><td>Total general government</td><td></td><td>1,199</td><td>1,630r</td><td>1,790r</td><td>1,359r</td><td>1,606</td><td>684</td><td>1,549</td></tr></table>
Footnotes at end of table.
(Continued on following page)
7
Table 4.- Expenditures and Balances by Functions - (Continued)
<table><tr><th>Function</th><th>Function code number</th><th>1955</th><th>1956</th><th>1957</th><th>1958</th><th>1959</th><th colspan="2">1960 through November</th></tr><tr><th></th><th></th><th colspan="4"></th><th></th><th>Expenditures</th><th>Unexpended balance end of period</th></tr><tr><td>Interest:</td><td></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>6,370</td><td>6,787</td><td>7,244</td><td>7,607</td><td>7,599</td><td>3,646</td><td>4,354</td></tr><tr><td>Interest on refunds of receipts</td><td>652</td><td>62</td><td>54</td><td>57</td><td>76</td><td>70</td><td>34</td><td>36</td></tr><tr><td>Interest on uninvested funds</td><td>653</td><td>5</td><td>6</td><td>6</td><td>8</td><td>9</td><td>2</td><td>7</td></tr><tr><td>Total interest</td><td></td><td>6,438</td><td>6,846</td><td>7,308</td><td>7,689</td><td>7,671</td><td>3,681</td><td>4,397</td></tr><tr><td>Undistributed</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-17</td></tr><tr><td>Total net budget expenditures</td><td></td><td>6,570</td><td>66,540</td><td>69,433</td><td>71,936</td><td>80,697</td><td>32,686</td><td>115,721</td></tr></table>
BUDGET RECEIPTS AND EXPENDITURES
(Fiscal years; in millions of dollars)
Source: Expenditures for 1960 are from reports to the Treasury Department by disbursing officers, on the monthly statement reporting basis (see page II). They are classified in accordance with the classification used in the 1961 Budget document, Special Analysis G, as nearly as can be done on an individual appropriation and fund item basis. Certain year figures are from the same source but have been adjusted below the appropriation level in some instances by the Bureau of the Budget for use in the Special Analysis. Where current classifications differ on this account, they are footnoted. Revolving fund transactions are included net in the expenditures.
1/ For description of items included, see Table 3. Although not expended, a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies, for payrolls and for similar items.
2/ See footnote 7.
3/ Expenditures for 1960 include those made from "Readjustment Benefits, Veterans' Administration," applicable to functional code 102.
4/ See footnote 6 and 1a.
5/ See footnote 6.
6/ Expenditures for 1960 include those for promotion of education in science made from "Salaries and Expenses, National Science Foundation," applicable to functional code 21a.
7/ Expenditures for 1960 include those for emergency family relief to friendly peoples, applicable to functional code 152; for special milk program - restoration of capital impairment, applicable
to functional code 217; for loans to Secretary of Agriculture for conservation purposes, and soil bank program - conservation reserve applicable to functional code 354; and for animal disease eradication activities, and grading and classing activities, applicable to functional code 355. These expenditures were made from "Commodity Credit Corporation Capital Fund." 
9/ Expenditures for 1960 include those for farm housing made from "Loans, Farmers' Home Administration," applicable to functional code 517. 
9/ For shift of Federal intermediate credit banks from budget to trust account classification effective January 1957, see Table 2, footnote 3. 
10/ Excludes Federal-aid highway expenditures, which are made from the Highway Trust Fund beginning with 1957 (see Table 1, footnote 11); corresponding expenditures for previous years are included in Budget expenditures. 
11/ See footnote 8. 
12/ Expenditures for 1960 include those for disaster loans and relief made from "Revolving Fund, Small Business Administration," and from "Reconstruction Finance Corporation Liquidation Fund, Small Business Administration," applicable to functional code 521. 
13/ See footnote 12. 
14/ Expenditures for 1960 include those for unemployment compensation for veterans applicable to functional code 102. 
* Less than $500,000. 
r Revised.
8
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net receipts, or expenditures (-), from trust account and other transactions</th><th colspan="3">Trust and deposit fund accounts</th><th>Net sale, or investment (-), by Government agencies in public debt securities</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</th><th></th><th></th></tr><tr><td>1952</td><td>147</td><td>3,855</td><td>8,807</td><td>4,952</td><td>-3,636</td><td>-72</td></tr><tr><td>1953</td><td>435</td><td>3,760</td><td>8,929</td><td>5,169</td><td>-3,301</td><td>-25</td></tr><tr><td>1954</td><td>328</td><td>2,386</td><td>9,155</td><td>6,769</td><td>-2,054</td><td>-4</td></tr><tr><td>1955</td><td>231</td><td>991 1/</td><td>9,536</td><td>8,545 1/</td><td>-1,362 1/ 2/</td><td>602 1/</td></tr><tr><td>1956</td><td>-194</td><td>2,250</td><td>11,685</td><td>9,435</td><td>-2,617</td><td>179</td></tr><tr><td>1957</td><td>195</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</td><td>163</td><td>262</td><td>16,329</td><td>16,068</td><td>-1,197</td><td>567</td></tr><tr><td>1959</td><td>-329</td><td>-1,511</td><td>17,084</td><td>18,595</td><td>1,112</td><td>71</td></tr><tr><td>1960 (Est.)</td><td>-198</td><td>-813</td><td>20,696</td><td>21,510</td><td>-369</td><td>985</td></tr><tr><td>1961 (Est.)</td><td>221</td><td>1,269</td><td>22,547</td><td>21,278</td><td>-1,954</td><td>906</td></tr><tr><td>1959-January</td><td>-81</td><td>-1,124</td><td>759</td><td>1,883</td><td>1,047</td><td>-4</td></tr><tr><td>February</td><td>279</td><td>175</td><td>1,637</td><td>1,462</td><td>47</td><td>57</td></tr><tr><td>March</td><td>-194</td><td>-130</td><td>1,322</td><td>1,451</td><td>-70</td><td>6</td></tr><tr><td>April</td><td>-34</td><td>-603</td><td>1,302</td><td>1,905</td><td>491</td><td>78</td></tr><tr><td>May</td><td>74</td><td>1,053</td><td>2,479</td><td>1,426</td><td>-980</td><td>1</td></tr><tr><td>June</td><td>-110</td><td>404</td><td>1,950</td><td>1,546</td><td>-568</td><td>53</td></tr><tr><td>July</td><td>-290</td><td>-960</td><td>1,211</td><td>2,174</td><td>671</td><td>-1</td></tr><tr><td>August</td><td>301</td><td>916</td><td>2,444</td><td>1,528</td><td>-666</td><td>51</td></tr><tr><td>September</td><td>-27</td><td>-499</td><td>1,236</td><td>1,735</td><td>317</td><td>155</td></tr><tr><td>October</td><td>-207</td><td>-877</td><td>1,009</td><td>1,886</td><td>667</td><td>3</td></tr><tr><td>November</td><td>496</td><td>507</td><td>2,004</td><td>1,496</td><td>-67</td><td>56</td></tr></table>
Source: Actual figures for 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 1961 Budget document released January 18, 1960, including effects of proposed legislation. 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 (set) 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. 2/ 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>Federal employees' retirement fund</th><th>Highway Trust Fund 2/</th><th>Other trust accounts 3/</th></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>762</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>9,155</td><td>5,080</td><td>-</td><td>737</td><td>1,492</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>723</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</td><td>16,329</td><td>7,900</td><td>943</td><td>695</td><td>1,855</td><td>640</td><td>67</td><td>1,458</td><td>2,134</td><td>638</td></tr><tr><td>1959</td><td>17,084</td><td>8,182</td><td>938</td><td>758</td><td>1,997</td><td>632</td><td>63</td><td>1,741</td><td>2,185</td><td>585</td></tr><tr><td>1960 (Est.)</td><td>20,696</td><td>10,178</td><td>1,063</td><td>1,308</td><td>2,300</td><td>660</td><td>58</td><td>1,707</td><td>2,628</td><td>794</td></tr><tr><td>1961 (Est.)</td><td>22,547</td><td>11,721</td><td>1,098</td><td>1,059</td><td>2,284</td><td>683</td><td>57</td><td>1,770</td><td>2,950</td><td>924</td></tr><tr><td>1959-January</td><td>759</td><td>307</td><td>26</td><td>16</td><td>39</td><td>47</td><td>3</td><td>122</td><td>172</td><td>27</td></tr><tr><td>February</td><td>1,637</td><td>891</td><td>109</td><td>73</td><td>187</td><td>38</td><td>2</td><td>116</td><td>182</td><td>38</td></tr><tr><td>March</td><td>1,322</td><td>745</td><td>83</td><td>45</td><td>33</td><td>42</td><td>2</td><td>133</td><td>152</td><td>86</td></tr><tr><td>April</td><td>1,302</td><td>649</td><td>59</td><td>19</td><td>168</td><td>39</td><td>2</td><td>125</td><td>149</td><td>92</td></tr><tr><td>May</td><td>2,479</td><td>1,289</td><td>160</td><td>72</td><td>527</td><td>37</td><td>2</td><td>136</td><td>214</td><td>42</td></tr><tr><td>June</td><td>1,950</td><td>786</td><td>83</td><td>139</td><td>107</td><td>207</td><td>40</td><td>318</td><td>195</td><td>75</td></tr><tr><td>July</td><td>1,214</td><td>301</td><td>54</td><td>302</td><td>144</td><td>40</td><td>3</td><td>112</td><td>192</td><td>67</td></tr><tr><td>August</td><td>2,444</td><td>1,267</td><td>138</td><td>87</td><td>509</td><td>38</td><td>2</td><td>131</td><td>238</td><td>34</td></tr><tr><td>September</td><td>1,236</td><td>609</td><td>59</td><td>69</td><td>66</td><td>38</td><td>2</td><td>131</td><td>201</td><td>60</td></tr><tr><td>October</td><td>1,009</td><td>264</td><td>24</td><td>18</td><td>114</td><td>39</td><td>2</td><td>131</td><td>343</td><td>74</td></tr><tr><td>November</td><td>2,004</td><td>908</td><td>102</td><td>85</td><td>355</td><td>36</td><td>2</td><td>116</td><td>369</td><td>31</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 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 the Railroad Unemployment Insurance Administration
Fund for the period 1954, through November 1958 (see Table 7 for treatment thereafter, and "Budget Receipts and Expenditures," Table 1, footnote 7 for treatment prior to 1954). / Does not include donation of public debt securities amounting to $43,800 (par value); see also Table 4.
9
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust accounts, and trust enterprise funds (net)
<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>Federal employee retirement funds</th><th>Highway Trust Fund</th></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 1/2</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>9,435 2/</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>12,959</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</td><td>16,068</td><td>16,159</td><td>8,116</td><td>181</td><td>730</td><td>3,148</td><td>544</td><td>120</td><td>699</td><td>1,602</td></tr><tr><td>1959</td><td>18,595</td><td>18,605</td><td>9,454</td><td>371</td><td>778</td><td>3,054</td><td>562</td><td>80</td><td>792</td><td>2,709</td></tr><tr><td>1960 (Est.)</td><td>21,510</td><td>21,645</td><td>11,196</td><td>563</td><td>1,063</td><td>2,384</td><td>582</td><td>76</td><td>884</td><td>3,143</td></tr><tr><td>1961 (Est.)</td><td>21,278</td><td>21,389</td><td>11,552</td><td>624</td><td>982</td><td>1,973</td><td>580</td><td>72</td><td>986</td><td>2,854</td></tr><tr><td>1959-January</td><td>1,883</td><td>1,739</td><td>842</td><td>43</td><td>63</td><td>321</td><td>48</td><td>7</td><td>64</td><td>186</td></tr><tr><td>February</td><td>1,462</td><td>1,575</td><td>808</td><td>31</td><td>65</td><td>281</td><td>47</td><td>5</td><td>66</td><td>161</td></tr><tr><td>March</td><td>1,451</td><td>1,596</td><td>819</td><td>51</td><td>66</td><td>285</td><td>51</td><td>7</td><td>70</td><td>194</td></tr><tr><td>April</td><td>1,905</td><td>1,638</td><td>835</td><td>32</td><td>68</td><td>227</td><td>51</td><td>6</td><td>71</td><td>185</td></tr><tr><td>May</td><td>1,426</td><td>1,485</td><td>844</td><td>34</td><td>68</td><td>168</td><td>46</td><td>6</td><td>69</td><td>193</td></tr><tr><td>June</td><td>1,546</td><td>1,504</td><td>843</td><td>40</td><td>68</td><td>173</td><td>50</td><td>8</td><td>72</td><td>148</td></tr><tr><td>July</td><td>2,176</td><td>2,002</td><td>1,121</td><td>43</td><td>98</td><td>159</td><td>51</td><td>9</td><td>71</td><td>400</td></tr><tr><td>August</td><td>1,528</td><td>1,726</td><td>852</td><td>42</td><td>105</td><td>176</td><td>46</td><td>6</td><td>72</td><td>327</td></tr><tr><td>September</td><td>1,735</td><td>1,920</td><td>864</td><td>41</td><td>95</td><td>188</td><td>50</td><td>7</td><td>73</td><td>406</td></tr><tr><td>October</td><td>1,886</td><td>1,656</td><td>859</td><td>44</td><td>107</td><td>165</td><td>44</td><td>6</td><td>74</td><td>343</td></tr><tr><td>November</td><td>1,496</td><td>1,697</td><td>859</td><td>45</td><td>109</td><td>210</td><td>43</td><td>6</td><td>74</td><td>285</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Trust accounts, etc. - (Cont.)</th><th rowspan="2">Other trust accounts and trust enterprise fund 5/</th><th rowspan="2">Total deposit fund accounts</th><th colspan="3">Deposit fund accounts (net)</th><th rowspan="2">Other deposit fund accounts</th></tr><tr><th>Federal intermediate credit banks 3/</th><th>Federal National Mortgage Assoc. 4/ Financing by Treasury</th><th>Other operations</th><th>Total</th><th>Government-sponsored enterprises Investment in public debt securities</th><th>Redemption of agency obligations in the market</th><th>Other expenditures</th></tr><tr><td>1952</td><td>-</td><td>-</td><td>-</td><td>413</td><td>-346</td><td>-395</td><td>6/</td><td>6/</td><td>-395</td><td>49</td></tr><tr><td>1953</td><td>-</td><td>-</td><td>-</td><td>441</td><td>-529</td><td>-120</td><td>6/</td><td>6/</td><td>-120</td><td>-410</td></tr><tr><td>1954</td><td>-</td><td>-</td><td>-</td><td>495</td><td>-558</td><td>-437</td><td>6/</td><td>6/</td><td>-437</td><td>-121</td></tr><tr><td>1955</td><td>-</td><td>-99</td><td>9</td><td>183</td><td>56 1/</td><td>10 1/</td><td>170</td><td>-269</td><td>99</td><td>56</td></tr><tr><td>1956</td><td>-</td><td>-94</td><td>206</td><td>425 2/</td><td>238</td><td>10</td><td>548</td><td>-872</td><td>334</td><td>229</td></tr><tr><td>1957</td><td>127</td><td>41</td><td>929</td><td>438</td><td>216</td><td>-8</td><td>39</td><td>-86</td><td>39</td><td>222</td></tr><tr><td>1958</td><td>223</td><td>3</td><td>102</td><td>692</td><td>-91</td><td>7</td><td>460</td><td>167</td><td>-620</td><td>-98</td></tr><tr><td>1959</td><td>55</td><td>-42</td><td>176</td><td>617</td><td>-9</td><td>-16</td><td>-70</td><td>-1,222</td><td>1,277</td><td>6</td></tr><tr><td>1960 (Est.)</td><td>-</td><td>980</td><td>774</td><td>-135</td><td>n.e.</td><td>258</td><td>-885</td><td>492</td><td>-408</td><td></td></tr><tr><td>1961 (Est.)</td><td>-</td><td>800</td><td>866</td><td>-111</td><td>n.e.</td><td>240</td><td>57</td><td>-289</td><td>158</td><td></td></tr><tr><td>1959-January</td><td>116</td><td>-24</td><td>25</td><td>48</td><td>144</td><td>-14</td><td>201</td><td>74</td><td>-289</td><td>-124</td></tr><tr><td>February</td><td>-</td><td>28</td><td>22</td><td>60</td><td>-113</td><td>12</td><td>175</td><td>-206</td><td>12</td><td>-140</td></tr><tr><td>March</td><td>-</td><td>-29</td><td>28</td><td>53</td><td>-144</td><td>-4</td><td>22</td><td>-47</td><td>21</td><td></td></tr><tr><td>April</td><td>-</td><td>61</td><td>30</td><td>61</td><td>268</td><td>-33</td><td>-174</td><td>-94</td><td>235</td><td>300</td></tr><tr><td>May</td><td>-</td><td>-27</td><td>27</td><td>56</td><td>-59</td><td>36</td><td>168</td><td>-296</td><td>165</td><td>-95</td></tr><tr><td>June</td><td>-</td><td>10</td><td>37</td><td>55</td><td>42</td><td>-14</td><td>-111</td><td>-237</td><td>337</td><td>55</td></tr><tr><td>July</td><td>-</td><td>-47</td><td>51</td><td>46</td><td>172</td><td>10</td><td>165</td><td>-364</td><td>209</td><td>162</td></tr><tr><td>August</td><td>-</td><td>-12</td><td>62</td><td>51</td><td>-198</td><td>4</td><td>-92</td><td>-178</td><td>275</td><td>-202</td></tr><tr><td>September</td><td>-</td><td>65</td><td>84</td><td>47</td><td>-186</td><td>-18</td><td>-82</td><td>-79</td><td>113</td><td>-167</td></tr><tr><td>October</td><td>-</td><td>-92</td><td>91</td><td>54</td><td>190</td><td>-11</td><td>-16</td><td>-117</td><td>123</td><td>201</td></tr><tr><td>November</td><td>-</td><td>-29</td><td>78</td><td>24</td><td>-200</td><td>2</td><td>174</td><td>-185</td><td>12</td><td>-202</td></tr></table>
Source: See Table 1.
1/ Includes security transactions of Government-sponsored enterprises beginning 1955 (see Table 1, footnote 1).
2/ Does not include revolving fund receipts representing acquired securities amounting to $1,643,070 (par value); see also Table 4.
3/ Operates as a trust enterprise fund 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 included not in budget expenditures. Beginning January 1959 they are classified as Government-sponsored enterprises, and the net transactions of the operating fund were then transferred from the trust fund and included under "Deposit Fund accounts."
4/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the Treasury, (-), or repaid to the Treasury, are shown in a separate column (and correspondingly are reflected net in budget expenditures). 5/ 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 for the period 1954 through November 1958 (see Table 7), and the Employee's Life Insurance Fund (pet) from its establishment in August 1954. 6/ Excluded from deposit fund account expenditures and included with similar security transactions of other agencies (see Tables 4 and 5). * Less than $500,000. n.e. Not available.
10
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>Place 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>Federal employees' retirement funds</th><th>Highway Trust Fund</th><th>Federal intermediate credit banks 1/</th><th>Other trust accounts</th></tr><tr><td>1952.</td><td>3,636</td><td>3,355</td><td>1,950</td><td>-</td><td>449</td><td>583</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>590</td><td>59</td><td>-2</td><td>588</td><td>-</td><td>-</td><td>9</td></tr><tr><td>1954.</td><td>2,054</td><td>1,688 2/</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 3/</td><td>1,236</td><td>1,241 4/</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 5/</td><td>2,516 5/</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 5/</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.</td><td>197</td><td>106</td><td>-499</td><td>729</td><td>-33</td><td>-1,255</td><td>95</td><td>-56</td><td>671</td><td>418</td><td>*</td><td>36</td></tr><tr><td>1959.</td><td>-1,112</td><td>-1,214</td><td>-1,290</td><td>552</td><td>-35</td><td>-1,011</td><td>76</td><td>-17</td><td>958</td><td>-393</td><td>-100</td><td>45</td></tr><tr><td>1960 (Est.)</td><td>369</td><td>208</td><td>-1,012</td><td>517</td><td>244</td><td>-88</td><td>85</td><td>-17</td><td>814</td><td>-429</td><td>-</td><td>94</td></tr><tr><td>1961 (Est.)</td><td>1,954</td><td>1,769</td><td>-33</td><td>476</td><td>71</td><td>305</td><td>104</td><td>-14</td><td>774</td><td>-</td><td>-</td><td>87</td></tr><tr><td>1959-Jan.</td><td>-1,047</td><td>-1,062</td><td>-558</td><td>-4</td><td>-53</td><td>-296</td><td>-4</td><td>-5</td><td>77</td><td>-104</td><td>-100</td><td>-17</td></tr><tr><td>Feb.</td><td>-47</td><td>-63</td><td>-115</td><td>43</td><td>-6</td><td>-108</td><td>-5</td><td>-5</td><td>62</td><td>74</td><td>-</td><td>-2</td></tr><tr><td>March.</td><td>70</td><td>64</td><td>131</td><td>67</td><td>-4</td><td>-227</td><td>-11</td><td>-5</td><td>54</td><td>55</td><td>-</td><td>3</td></tr><tr><td>April.</td><td>-491</td><td>-487</td><td>-295</td><td>29</td><td>-55</td><td>-157</td><td>-8</td><td>-3</td><td>49</td><td>-46</td><td>-</td><td>*</td></tr><tr><td>May.</td><td>980</td><td>963</td><td>424</td><td>87</td><td>8</td><td>433</td><td>-11</td><td>-4</td><td>65</td><td>-38</td><td>-</td><td>-1</td></tr><tr><td>June.</td><td>568</td><td>554</td><td>-65</td><td>65</td><td>63</td><td>-51</td><td>155</td><td>29</td><td>245</td><td>103</td><td>-</td><td>10</td></tr><tr><td>July.</td><td>-671</td><td>-686</td><td>-681</td><td>22</td><td>197</td><td>-96</td><td>-10</td><td>-3</td><td>55</td><td>-178</td><td>-</td><td>7</td></tr><tr><td>August.</td><td>666</td><td>646</td><td>303</td><td>69</td><td>-12</td><td>407</td><td>-10</td><td>-5</td><td>60</td><td>-160</td><td>-</td><td>-5</td></tr><tr><td>September.</td><td>-317</td><td>-329</td><td>-172</td><td>44</td><td>-31</td><td>-114</td><td>-7</td><td>-3</td><td>48</td><td>-91</td><td>-</td><td>-3</td></tr><tr><td>October.</td><td>-667</td><td>-682</td><td>-557</td><td>-16</td><td>-88</td><td>-87</td><td>-8</td><td>-5</td><td>50</td><td>-</td><td>-</td><td>29</td></tr><tr><td>November.</td><td>67</td><td>12</td><td>-204</td><td>20</td><td>-21</td><td>169</td><td>-7</td><td>-6</td><td>49</td><td>-</td><td>-</td><td>11</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="7">Public enterprise funds</th><th colspan="7">Government-sponsored enterprises</th></tr><tr><th></th><th>Total public enterprise funds</th><th>Federal housing administration</th><th>Federal intermediate credit banks 1/</th><th>Production credit corporations 1/</th><th>Federal National Mortgage Association 1/</th><th>Federal Savings and Loan Insurance Corp.</th><th>Other</th><th>Total Government-sponsored enterprises</th><th>Banks for cooperative</th><th>Federal Deposit Insurance Corp.</th><th>Federal home loan banks</th><th>Federal land banks</th><th>Federal intermediate credit banks 1/</th></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><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>153</td><td>5</td><td>87</td><td>61</td><td>-</td><td>-</td></tr><tr><td>1954.</td><td>-77</td><td>-86</td><td>-1</td><td>-3</td><td>-</td><td>11</td><td>3</td><td>443 2/</td><td>9</td><td>102</td><td>314</td><td>18</td><td>-</td></tr><tr><td colspan="14">Memorandum</td></tr><tr><td>1955.</td><td>126</td><td>95 2/</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><td>-</td></tr><tr><td>1956.</td><td>101</td><td>69</td><td>10</td><td>-2</td><td>10</td><td>15</td><td>9</td><td>348</td><td>-</td><td>104</td><td>425</td><td>19</td><td>-</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 2/</td><td>39</td><td>2</td><td>104</td><td>-67</td><td>1</td><td>-</td></tr><tr><td>1958.</td><td>91</td><td>51</td><td>-</td><td>-</td><td>6</td><td>19</td><td>12</td><td>460</td><td>-1</td><td>115</td><td>346</td><td>*</td><td>-</td></tr><tr><td>1959.</td><td>102</td><td>53</td><td>-</td><td>-</td><td>14</td><td>17</td><td>18</td><td>-70</td><td>-</td><td>124</td><td>-299</td><td>1</td><td>105</td></tr><tr><td>1960 (Est.)</td><td>161</td><td>92</td><td>-</td><td>-</td><td>-</td><td>50</td><td>19</td><td>258</td><td>-</td><td>133</td><td>125</td><td>-</td><td>-</td></tr><tr><td>1961 (Est.)</td><td>185</td><td>113</td><td>-</td><td>-</td><td>-6</td><td>57</td><td>20</td><td>240</td><td>-</td><td>140</td><td>100</td><td>-</td><td>-</td></tr><tr><td>1959-Jan.</td><td>15</td><td>6</td><td>-</td><td>-</td><td>3</td><td>4</td><td>2</td><td>201</td><td>-</td><td>77</td><td>24</td><td>-</td><td>101</td></tr><tr><td>Feb.</td><td>16</td><td>8</td><td>-</td><td>-</td><td>2</td><td>3</td><td>3</td><td>175</td><td>-</td><td>12</td><td>163</td><td>1</td><td>-</td></tr><tr><td>March.</td><td>7</td><td>2</td><td>-</td><td>-</td><td>2</td><td>1</td><td>2</td><td>22</td><td>-</td><td>1</td><td>21</td><td>-</td><td>-</td></tr><tr><td>April.</td><td>-4</td><td>-11</td><td>-</td><td>-</td><td>-1</td><td>6</td><td>1</td><td>-174</td><td>-</td><td>-23</td><td>-154</td><td>-</td><td>3</td></tr><tr><td>May.</td><td>17</td><td>11</td><td>-</td><td>-</td><td>1</td><td>4</td><td>1</td><td>168</td><td>-</td><td>32</td><td>136</td><td>-</td><td>-</td></tr><tr><td>June.</td><td>14</td><td>7</td><td>-</td><td>-</td><td>*</td><td>4</td><td>2</td><td>-111</td><td>-</td><td>6</td><td>-121</td><td>-</td><td>1</td></tr><tr><td>July.</td><td>16</td><td>9</td><td>-</td><td>-</td><td>*</td><td>5</td><td>2</td><td>165</td><td>-</td><td>1</td><td>164</td><td>-</td><td>-</td></tr><tr><td>August.</td><td>19</td><td>16</td><td>-</td><td>-</td><td>*</td><td>2</td><td>1</td><td>-92</td><td>4</td><td>6</td><td>-103</td><td>-</td><td>-</td></tr><tr><td>September.</td><td>12</td><td>7</td><td>-</td><td>-</td><td>*</td><td>3</td><td>1</td><td>-82</td><td>-4</td><td>-</td><td>-78</td><td>-</td><td>-</td></tr><tr><td>October.</td><td>15</td><td>10</td><td>-</td><td>-</td><td>1</td><td>3</td><td>1</td><td>-16</td><td>-</td><td>3</td><td>-20</td><td>-</td><td>1</td></tr><tr><td>November.</td><td>56</td><td>-</td><td>-</td><td>-</td><td>4</td><td>6</td><td>46 3/</td><td>171</td><td>-</td><td>6</td><td>168</td><td>-</td><td>*</td></tr></table>
Source: See Tables 1.
1/ See Table 3, footnote 3. Investment by banks and corporations and corporations as public enterprise funds through 1953 includes only those transactions cleared through the account of the Treasurer of the United States.
2/ For explanation of difference from Budget figures, beginning 1954, see "Cash Income and Outgo," Table 7, footnote 1.
3/ Excludes net investment by Government-sponsored enterprises beginning with the fiscal year 1955 (see Table 1, footnote 1).
4/ Include net sale of $300 million for adjustment of excess transfers of tax receipts in 1952 and 1953 (see "Budget Receipts and Expenditures," Table 1, footnote 16).
5/ Does not include investments representing acquired securities amounting to $1,643,070 (per value) and donation of securities amounting to $45,800 (par value); see also Tables 2 and 3.
6/ Management and liquidating functions as provided by the Housing Act of 1954, approved August 2, 1954 (12 U.S.C. 1721). Investment is all in guaranteed securities.
7/ Beginning with this period, figures include set transactions in guaranteed securities. See also footnote 6.
8/ Includes $45 million investment by Tennessee Valley Authority. Less than $500,000.
January 1960
11
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 rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="5">Securities guaranteed by the United States Public enterprise funds</th><th colspan="5">Securities not guaranteed by the United States</th></tr><tr><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><th>Total not guaranteed</th><th>Total public and trust enterprise funds</th><th>Federal intermediate banks 1/</th><th>Federal National Mortgage Association 2/</th><th>Home Owners' Loan Corporation</th></tr><tr><td>1952....................</td><td>72</td><td>-16</td><td>-1</td><td>*</td><td>-16</td><td>*</td><td>88</td><td>-98</td><td>-98</td><td>*</td><td>*</td></tr><tr><td>1953....................</td><td>25</td><td>-7</td><td>1</td><td>*</td><td>-7</td><td>*</td><td>32</td><td>65</td><td>65</td><td>-</td><td>*</td></tr><tr><td>1954....................</td><td>4</td><td>-29</td><td>-</td><td>*</td><td>-30</td><td>*</td><td>33</td><td>44</td><td>44</td><td>*</td><td>*</td></tr><tr><td>1955....................</td><td>-602 3/</td><td>37</td><td>-</td><td>*</td><td>-30</td><td>*</td><td>-639 2/</td><td>-444</td><td>-439</td><td>-570</td><td>*</td></tr><tr><td>1956....................</td><td>-173</td><td>-30</td><td>-</td><td>*</td><td>-30</td><td>*</td><td>-144</td><td>-144</td><td>-44</td><td>-</td><td>*</td></tr><tr><td>1957....................</td><td>-1,085</td><td>-33</td><td>-</td><td>*</td><td>-33</td><td>*</td><td>-1,052</td><td>-1,052</td><td>136</td><td>-</td><td>*</td></tr><tr><td>1958....................</td><td>-567</td><td>6</td><td>-</td><td>*</td><td>6</td><td>*</td><td>-573</td><td>-573</td><td>-</td><td>-233</td><td>*</td></tr><tr><td>1959....................</td><td>-71</td><td>-10</td><td>-</td><td>*</td><td>-10</td><td>*</td><td>-61</td><td>-61</td><td>-</td><td>6</td><td>*</td></tr><tr><td>1960 (Est.)............</td><td>-985</td><td>-5</td><td>-</td><td>*</td><td>-5</td><td>*</td><td>-980</td><td>-980</td><td>-</td><td>-</td><td>*</td></tr><tr><td>1961 (Est.)............</td><td>-906</td><td>9</td><td>-</td><td>*</td><td>9</td><td>*</td><td>-915 4/</td><td>-800</td><td>-</td><td>-</td><td>*</td></tr><tr><td>1959-January............</td><td>4</td><td>3</td><td>-</td><td>*</td><td>3</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>February................</td><td>-57</td><td>-7</td><td>-</td><td>*</td><td>-7</td><td>*</td><td>-50</td><td>-50</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March....................</td><td>-6</td><td>-6</td><td>-</td><td>*</td><td>-6</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April....................</td><td>-78</td><td>12</td><td>-</td><td>*</td><td>12</td><td>*</td><td>-90</td><td>-90</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May....................</td><td>-1</td><td>-1</td><td>-</td><td>*</td><td>-1</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June....................</td><td>-53</td><td>-4</td><td>-</td><td>*</td><td>-4</td><td>*</td><td>-50</td><td>-50</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July....................</td><td>1</td><td>1</td><td>-</td><td>*</td><td>1</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>August..................</td><td>-51</td><td>-1</td><td>-</td><td>*</td><td>-1</td><td>*</td><td>-50</td><td>-50</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September..............</td><td>-155</td><td>-5</td><td>-</td><td>*</td><td>-5</td><td>*</td><td>-150</td><td>-150</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October................</td><td>-3</td><td>-2</td><td>-</td><td>*</td><td>-2</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>November................</td><td>-56</td><td>-6</td><td>-</td><td>*</td><td>-6</td><td>*</td><td>-50</td><td>-50</td><td>-</td><td>-</td><td>-</td></tr></table>
<table><tr><th>Fiscal year or month</th></tr><tr><td>1952</td></tr><tr><td>1953</td></tr><tr><td>1954</td></tr><tr><td>1955</td></tr><tr><td>1956</td></tr><tr><td>1957</td></tr><tr><td>1958</td></tr><tr><td>1959</td></tr><tr><td>1960 (Est.)</td></tr><tr><td>1961 (Est.)</td></tr><tr><td>1959-January</td></tr><tr><td>February</td></tr><tr><td>March</td></tr><tr><td>April</td></tr><tr><td>May</td></tr><tr><td>June</td></tr><tr><td>July</td></tr><tr><td>August</td></tr><tr><td>September</td></tr><tr><td>October</td></tr><tr><td>November</td></tr></table>
<table><tr><th colspan="2">Trust enterprise funds</th><th colspan="5">Government-sponsored enterprises</th></tr><tr><th>Federal intermediate credit banks 1/</th><th>Federal National Mortgage Association 2/</th><th>Total Government-sponsored enterprises</th><th>Banks for cooperatives</th><th>Federal home loan banks</th><th>Federal intermediate credit banks 1/</th><th>Federal land banks</th></tr><tr><td>-</td><td>-</td><td>186</td><td>-</td><td>285</td><td>-</td><td>-99</td></tr><tr><td>-</td><td>-</td><td>-33</td><td>-</td><td>12</td><td>-</td><td>-45</td></tr><tr><td>-</td><td>-</td><td>-11</td><td>-</td><td>136</td><td>-</td><td>-146</td></tr><tr><td colspan="7">Memorandum</td></tr><tr><td>-</td><td>-</td><td>-269</td><td>10</td><td>-226</td><td>-</td><td>-53</td></tr><tr><td>-238</td><td>-100</td><td>-872</td><td>-23</td><td>-588</td><td>-</td><td>-261</td></tr><tr><td>-225</td><td>-950</td><td>-86</td><td>-46</td><td>191</td><td>-</td><td>-230</td></tr><tr><td>58</td><td>-125</td><td>167</td><td>-20</td><td>282</td><td>-</td><td>-95</td></tr><tr><td>-</td><td>-</td><td>-1,222</td><td>-86</td><td>-554</td><td>-340</td><td>-242</td></tr><tr><td>-</td><td>-980</td><td>-885</td><td>-30</td><td>-400</td><td>-275</td><td>-180</td></tr><tr><td>-</td><td>-800</td><td>57</td><td>-35</td><td>392</td><td>-200</td><td>-100</td></tr><tr><td># 6/</td><td>-</td><td>74</td><td>-</td><td>80</td><td>-6</td><td>#</td></tr><tr><td>-</td><td>-50</td><td>-206</td><td>#</td><td>-106</td><td>-50</td><td>-50</td></tr><tr><td>-</td><td>#</td><td>-47</td><td>-6</td><td>34</td><td>-76</td><td>1</td></tr><tr><td>-</td><td>-90</td><td>-94</td><td>6</td><td>26</td><td>-40</td><td>-86</td></tr><tr><td>-</td><td>#</td><td>-297</td><td>#</td><td>-199</td><td>-88</td><td>-10</td></tr><tr><td>-</td><td>-50</td><td>-237</td><td>-33</td><td>-124</td><td>-80</td><td>#</td></tr><tr><td>-</td><td>#</td><td>-364</td><td>#</td><td>-310</td><td>-54</td><td>#</td></tr><tr><td>-</td><td>-50</td><td>-178</td><td>-35</td><td>-25</td><td>-20</td><td>-98</td></tr><tr><td>-</td><td>-150</td><td>-79</td><td>#</td><td>-85</td><td>6</td><td>#</td></tr><tr><td>-</td><td>#</td><td>-117</td><td>-36</td><td>-134</td><td>52</td><td>#</td></tr><tr><td>-</td><td>-50</td><td>-185</td><td>-</td><td>-240</td><td>55</td><td>#</td></tr></table>
1/ Classified as a public enterprise fund prior to January 1, 1977, as a trust enterprise fund January 1, 1957, to January 1, 1959; and as a Government-sponsored enterprise thereafter (see Table 3, footnote 3).
2/ Management and liquidating functions.
2/ Beginning 1955 excludes nat transactions of Government-sponsored enterprise (see Table 3).
4/ Total includes $-115 million for Tennessee Valley Authority.
5/ Secondary market operations.
6/ Adjustment for December transactions.
* Less than $500,000.
12
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. Inpayments on a net basis as reflected in Treasury reports. Major intragovernmental transactions which are reported as both expenditures and receipts are eliminated from both. Nonscash 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.
January 1960
13
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 then borrowing</th><th>Plus: Net cash borrowing from the public, or repayment (-)</th><th>Plus: Receipts from exercise of monetary authority</th><th colspan="2">Equals: Change in cash 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 balances, increase, or decrease (-)</th><th>Cash held outside Treasury, increase, or decrease (-)</th></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>-2,299</td><td>-</td></tr><tr><td>1954</td><td>71,627</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</td><td>81,893</td><td>83,413</td><td>-1,520</td><td>5,760</td><td>59</td><td>4,159</td><td>120</td></tr><tr><td>1959</td><td>81,660</td><td>94,804</td><td>-13,144</td><td>8,678</td><td>44</td><td>-4,399</td><td>-23</td></tr><tr><td>1960 (Est.)</td><td>94,796</td><td>95,338</td><td>-542</td><td>414</td><td>40</td><td>-</td><td>-88</td></tr><tr><td>1961 (Est.)</td><td>102,178</td><td>96,257</td><td>5,921</td><td>-5,969</td><td>48</td><td>-</td><td>-</td></tr><tr><td>1959-January</td><td>5,049</td><td>7,585</td><td>-2,536</td><td>3,546</td><td>1</td><td>957</td><td>56</td></tr><tr><td>February</td><td>7,998</td><td>8,025</td><td>-28</td><td>3,27</td><td>3</td><td>-444</td><td>-7</td></tr><tr><td>March</td><td>9,581</td><td>7,124</td><td>2,457</td><td>-3,253</td><td>5</td><td>-836</td><td>45</td></tr><tr><td>April</td><td>5,384</td><td>8,005</td><td>-2,621</td><td>4,086</td><td>6</td><td>1,531</td><td>-60</td></tr><tr><td>May</td><td>7,708</td><td>7,879</td><td>-171</td><td>15</td><td>8</td><td>-81</td><td>-67</td></tr><tr><td>June</td><td>11,048</td><td>8,646</td><td>2,403</td><td>-2,803</td><td>5</td><td>-538</td><td>143</td></tr><tr><td>July</td><td>3,973</td><td>8,171</td><td>-4,198</td><td>4,606</td><td>1</td><td>496</td><td>-77</td></tr><tr><td>August</td><td>7,903</td><td>8,498</td><td>-596</td><td>1,339</td><td>3</td><td>781</td><td>-33</td></tr><tr><td>September</td><td>9,488</td><td>7,709</td><td>1,779</td><td>-1,457</td><td>4</td><td>399</td><td>-72</td></tr><tr><td>October</td><td>3,678</td><td>7,894</td><td>-4,216</td><td>3,656</td><td>6</td><td>-641</td><td>86</td></tr><tr><td>November</td><td>7,579</td><td>8,228</td><td>-649</td><td>-763</td><td>5</td><td>-1,408</td><td>1</td></tr><tr><td>1960 to date</td><td>32,621</td><td>40,500</td><td>-7,879</td><td>7,382</td><td>20</td><td>-382</td><td>-95</td></tr></table>
Source: Actual figures for 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 explanation of reporting bases, see page II); estimates are from the 1961 Budget document, released January 18, 1960, 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>Fiscal year or month</th><th colspan="3">Net cash transactions other than borrowing</th><th>Plus: Net cash borrowing, or repayment of borrowing (-)</th><th>Equals: Treasurer's account balance, increase, or decrease (-)</th></tr><tr><th></th><th>Cash deposits</th><th>Cash withdrawals</th><th>Excess of deposits, or withdrawals (-)</th><th></th><th></th></tr><tr><td>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>71,982</td><td>5,096</td><td>-4,765</td><td>331</td></tr><tr><td>1957</td><td>81,875</td><td>79,183</td><td>2,692</td><td>-3,648</td><td>-956</td></tr><tr><td>1958</td><td>82,094</td><td>83,188</td><td>-1,094</td><td>5,253</td><td>4,159</td></tr><tr><td>1959</td><td>81,612</td><td>94,042</td><td>-12,430</td><td>8,032</td><td>-4,399</td></tr><tr><td>1960 (Est.)</td><td>94,836</td><td>95,250</td><td>-444</td><td>414</td><td>-</td></tr><tr><td>1961 (Est.)</td><td>102,226</td><td>96,257</td><td>5,969</td><td>-5,969</td><td>-</td></tr><tr><td>1959-January</td><td>4,885</td><td>7,455</td><td>-2,570</td><td>3,527</td><td>957</td></tr><tr><td>February</td><td>7,791</td><td>7,740</td><td>51</td><td>-695</td><td>-644</td></tr><tr><td>March</td><td>10,315</td><td>7,818</td><td>2,497</td><td>-3,333</td><td>-836</td></tr><tr><td>April</td><td>4,872</td><td>7,342</td><td>-2,469</td><td>4,000</td><td>1,531</td></tr><tr><td>May</td><td>7,836</td><td>7,933</td><td>-97</td><td>16</td><td>-81</td></tr><tr><td>June</td><td>11,137</td><td>8,693</td><td>2,444</td><td>-2,982</td><td>-538</td></tr><tr><td>July</td><td>3,455</td><td>7,505</td><td>-4,051</td><td>4,537</td><td>486</td></tr><tr><td>August</td><td>8,199</td><td>8,680</td><td>-481</td><td>1,261</td><td>781</td></tr><tr><td>September</td><td>9,563</td><td>7,684</td><td>1,879</td><td>-1,480</td><td>399</td></tr><tr><td>October</td><td>3,441</td><td>7,724</td><td>-4,283</td><td>3,642</td><td>-641</td></tr><tr><td>November</td><td>7,600</td><td>8,240</td><td>-64</td><td>-768</td><td>-1,408</td></tr><tr><td>1960 to date</td><td>32,259</td><td>39,834</td><td>-7,575</td><td>7,192</td><td>-382</td></tr></table>
Source: Actual figures are based on the daily Treasury statement; estimates are from the 1961 Budget document, released January 18, 1960, 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.
14
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="4">Less: Deductions from receipts</th><th colspan="3">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)</th><th>Trust account</th><th>Total</th><th>Intragovernmental transactions (See Table 5)</th><th>Excess profits tax refund bond redemption</th><th>Receipts from exercise of monetary authority</th><th>Total deductions</th><th>Equals: Federal receipts from the public</th><th>Plus: Receipts from exercise of monetary authority</th><th>Adjustment for net difference due to reporting method (see also Table 4)</th></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>71,315</td></tr><tr><td>1954</td><td>64,655</td><td>9,155</td><td>73,811</td><td>2,110</td><td>*</td><td>79</td><td>2,189</td><td>71,627</td><td>79</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</td><td>69,117</td><td>16,329</td><td>85,446</td><td>3,439</td><td>*</td><td>59</td><td>3,553</td><td>81,893</td><td>59</td><td>141</td><td>82,094</td></tr><tr><td>1959</td><td>68,270</td><td>17,084</td><td>85,355</td><td>3,650</td><td>*</td><td>44</td><td>3,694</td><td>81,660</td><td>44</td><td>-93</td><td>81,612</td></tr><tr><td>1960 (Est.)</td><td>78,600</td><td>20,696</td><td>99,296</td><td>4,460</td><td>*</td><td>40</td><td>4,500</td><td>94,796</td><td>40</td><td>-</td><td>94,836</td></tr><tr><td>1961 (Est.)</td><td>84,000</td><td>22,547</td><td>106,547</td><td>4,321</td><td>#</td><td>48</td><td>4,369</td><td>102,178</td><td>48</td><td>-</td><td>102,226</td></tr><tr><td>1959-January</td><td>4,528</td><td>759</td><td>5,287</td><td>236</td><td>*</td><td>1</td><td>237</td><td>5,049</td><td>1</td><td>-165</td><td>4,885</td></tr><tr><td>February</td><td>6,576</td><td>1,637</td><td>8,213</td><td>212</td><td>*</td><td>3</td><td>215</td><td>7,998</td><td>3</td><td>-210</td><td>7,791</td></tr><tr><td>March</td><td>8,426</td><td>1,322</td><td>9,748</td><td>162</td><td>*</td><td>5</td><td>167</td><td>9,581</td><td>5</td><td>730</td><td>10,315</td></tr><tr><td>April</td><td>4,258</td><td>1,302</td><td>5,561</td><td>171</td><td>*</td><td>6</td><td>177</td><td>5,384</td><td>6</td><td>-517</td><td>4,872</td></tr><tr><td>May</td><td>5,425</td><td>2,479</td><td>7,904</td><td>189</td><td>*</td><td>8</td><td>196</td><td>7,708</td><td>8</td><td>120</td><td>7,836</td></tr><tr><td>June</td><td>10,154</td><td>1,950</td><td>12,104</td><td>1,052</td><td>*</td><td>5</td><td>1,056</td><td>11,048</td><td>5</td><td>83</td><td>11,137</td></tr><tr><td>July</td><td>3,244</td><td>1,214</td><td>4,460</td><td>486</td><td>*</td><td>1</td><td>487</td><td>3,973</td><td>1</td><td>-519</td><td>3,455</td></tr><tr><td>August</td><td>5,676</td><td>2,444</td><td>8,124</td><td>217</td><td>*</td><td>3</td><td>220</td><td>7,903</td><td>3</td><td>299</td><td>8,199</td></tr><tr><td>September</td><td>8,436</td><td>1,226</td><td>9,722</td><td>230</td><td>*</td><td>4</td><td>234</td><td>9,488</td><td>4</td><td>71</td><td>9,561</td></tr><tr><td>October</td><td>3,023</td><td>1,009</td><td>4,032</td><td>348</td><td>*</td><td>6</td><td>354</td><td>3,678</td><td>6</td><td>-243</td><td>3,441</td></tr><tr><td>November</td><td>5,897</td><td>2,004</td><td>7,901</td><td>316</td><td>*</td><td>5</td><td>321</td><td>7,579</td><td>5</td><td>16</td><td>7,600</td></tr></table>
Sources: See Table 1. Details of basic receipt figures appear in preceding sections in the Bulletin.
1/ Treated as noncash refund deductions from receipts when issued and as cash refund deductions when redeemed.
2/ Consists of seigniorage and the 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.
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="3">Expenditures</th><th colspan="2">Less: Deductions from expenditures</th><th rowspan="2">Equals: Federal payments to the public</th><th colspan="2">Reconciliation to cash transactions in the Treasurer's account</th><th rowspan="2">Equals: Cash with Gravelo from the Treasurer's account</th></tr><tr><th>Budget</th><th>Trust and deposit fund account</th><th>Government-sponsored enterprise (net) 1/</th><th>Total</th><th>Intrageovernmental transactions (See Table 5)</th><th>Accrued interest and other noncash expenditures (See Table 6)</th><th>Less: Payments to the public not reflected in the Treasurer's account</th><th>From cash held outside the Treasury 2/</th><th>From proceeds of sales in the market of agency obligations and public debt securities (See Table 7)</th><th>Adjustment for net difference due to reporting method (See also Table 3)</th></tr><tr><td>1952</td><td>65,108</td><td>5,317</td><td>-366</td><td>70,359</td><td>2,116</td><td>279</td><td>67,964</td><td>-</td><td>170</td><td>-210</td><td>67,794</td></tr><tr><td>1953</td><td>71,274</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>-114</td><td>76,407</td></tr><tr><td>1954</td><td>67,772</td><td>7,206 2/</td><td>-435 3/</td><td>74,542</td><td>2,110</td><td>572</td><td>71,860</td><td>-257</td><td>256</td><td>-107</td><td>69,888</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>-32</td><td>71,984</td></tr><tr><td>1956</td><td>66,540</td><td>9,436 4/</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>-281</td><td>79,183</td></tr><tr><td>1957</td><td>69,433</td><td>12,961</td><td>45</td><td>82,439</td><td>3,242</td><td>-811</td><td>80,008</td><td>-5</td><td>549</td><td>-121</td><td>83,188</td></tr><tr><td>1958</td><td>71,996</td><td>16,069</td><td>-629</td><td>87,377</td><td>3,493</td><td>470</td><td>83,423</td><td>-140</td><td>506</td><td>-93</td><td>94,042</td></tr><tr><td>1959</td><td>80,697</td><td>18,597</td><td>1,290</td><td>100,585</td><td>3,650</td><td>2,131</td><td>94,804</td><td>23</td><td>646</td><td>-243</td><td>8,240</td></tr><tr><td>1960 (Est.)</td><td>78,383</td><td>21,510</td><td>627</td><td>100,520</td><td>4,460</td><td>722</td><td>95,338</td><td>88</td><td>-</td><td>-</td><td>95,250</td></tr><tr><td>1961 (Est.)</td><td>79,816</td><td>21,278</td><td>-297</td><td>100,797</td><td>4,321</td><td>219</td><td>96,257</td><td>-</td><td>-</td><td>-</td><td>96,257</td></tr><tr><td>1959-January</td><td>6,776</td><td>1,883</td><td>-275</td><td>8,384</td><td>236</td><td>563</td><td>7,585</td><td>-54</td><td>18</td><td>-165</td><td>7,455</td></tr><tr><td>February</td><td>6,331</td><td>1,462</td><td>30</td><td>7,824</td><td>212</td><td>-414</td><td>8,025</td><td>7</td><td>69</td><td>-210</td><td>7,760</td></tr><tr><td>March</td><td>6,461</td><td>1,451</td><td>25</td><td>7,938</td><td>162</td><td>652</td><td>7,124</td><td>-45</td><td>80</td><td>730</td><td>7,818</td></tr><tr><td>April</td><td>6,427</td><td>1,905</td><td>267</td><td>8,600</td><td>171</td><td>424</td><td>8,005</td><td>60</td><td>86</td><td>-517</td><td>7,342</td></tr><tr><td>May</td><td>6,164</td><td>1,426</td><td>129</td><td>7,720</td><td>189</td><td>-348</td><td>7,879</td><td>67</td><td>-1</td><td>120</td><td>7,933</td></tr><tr><td>June</td><td>8,631</td><td>1,548</td><td>349</td><td>10,528</td><td>1,052</td><td>831</td><td>8,646</td><td>-143</td><td>179</td><td>83</td><td>8,693</td></tr><tr><td>July</td><td>6,557</td><td>2,174</td><td>199</td><td>8,931</td><td>486</td><td>274</td><td>8,171</td><td>77</td><td>69</td><td>-519</td><td>7,505</td></tr><tr><td>August</td><td>6,305</td><td>1,528</td><td>271</td><td>8,104</td><td>217</td><td>-610</td><td>8,498</td><td>33</td><td>78</td><td>293</td><td>8,680</td></tr><tr><td>September</td><td>6,357</td><td>1,755</td><td>161</td><td>8,253</td><td>230</td><td>314</td><td>7,709</td><td>73</td><td>23</td><td>71</td><td>7,684</td></tr><tr><td>October</td><td>6,868</td><td>1,886</td><td>133</td><td>8,888</td><td>348</td><td>646</td><td>7,894</td><td>-86</td><td>14</td><td>-243</td><td>7,724</td></tr><tr><td>November</td><td>6,598</td><td>1,496</td><td>10</td><td>8,105</td><td>316</td><td>-440</td><td>8,228</td><td>-1</td><td>6</td><td>16</td><td>8,240</td></tr></table>
Source: See Table 1. Details of basic expenditure figures appear in preceding sections in the Bulletin.
Footnotes follow Table 7.
January 1960
15
CASH INCOME AND OUTGO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Budget receipts which are also budget expenditures</th><th rowspan="2">Budget receipts which are also trust fund expenditures 2/</th><th colspan="4">Trust fund receipts which are also budget expenditures</th><th rowspan="2">Trust fund receipts which are also trust fund expenditures 5/</th><th rowspan="2">Total</th></tr><tr><th>Interest paid to Treasury by public enterprises funds</th><th>Other 1/</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></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>1,175</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</td><td>557</td><td>9</td><td>221</td><td>1</td><td>1,342</td><td>8</td><td>662</td><td>681</td><td>11</td><td>3,499</td></tr><tr><td>1959</td><td>342</td><td>12</td><td>239</td><td>6</td><td>1,315</td><td>9</td><td>766</td><td>846</td><td>135</td><td>3,650</td></tr><tr><td>1960 (Est.)</td><td>725</td><td>12</td><td>265</td><td>4</td><td>1,324</td><td>9</td><td>719</td><td>799</td><td>604</td><td>4,460</td></tr><tr><td>1961 (Est.)</td><td>767</td><td>13</td><td>288</td><td>2</td><td>1,358</td><td>9</td><td>719</td><td>876</td><td>291</td><td>4,321</td></tr><tr><td>1959-February</td><td>21</td><td>-</td><td>88</td><td>-</td><td>5</td><td>*</td><td>59</td><td>61</td><td>1</td><td>236</td></tr><tr><td>February</td><td>38</td><td>2</td><td>33</td><td>-</td><td>26</td><td>1</td><td>54</td><td>57</td><td>1</td><td>212</td></tr><tr><td>March</td><td>*</td><td>-</td><td>3</td><td>-</td><td>23</td><td>2</td><td>65</td><td>68</td><td>1</td><td>162</td></tr><tr><td>April</td><td>1</td><td>-</td><td>5</td><td>-</td><td>41</td><td>1</td><td>61</td><td>63</td><td>1</td><td>171</td></tr><tr><td>May</td><td>12</td><td>3</td><td>6</td><td>4</td><td>20</td><td>1</td><td>65</td><td>77</td><td>1</td><td>189</td></tr><tr><td>June</td><td>125</td><td>3</td><td>2</td><td>-</td><td>787</td><td>*</td><td>61</td><td>72</td><td>1</td><td>1,052</td></tr><tr><td>July</td><td>34</td><td>-</td><td>3</td><td>-</td><td>2</td><td>*</td><td>54</td><td>86</td><td>306</td><td>486</td></tr><tr><td>August</td><td>19</td><td>-</td><td>10</td><td>3</td><td>25</td><td>-</td><td>62</td><td>65</td><td>32</td><td>217</td></tr><tr><td>September</td><td>29</td><td>-</td><td>15</td><td>-</td><td>17</td><td>1</td><td>64</td><td>66</td><td>38</td><td>250</td></tr><tr><td>October</td><td>4</td><td>-</td><td>4</td><td>-</td><td>34</td><td>-</td><td>64</td><td>211</td><td>31</td><td>318</td></tr><tr><td>November</td><td>5</td><td>4</td><td>4</td><td>-</td><td>13</td><td>1</td><td>55</td><td>207</td><td>27</td><td>316</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="3">Noncash expenditures involving issuance of public debt securities 3/</th><th>Clearing account for checks outstanding, etc. 7/</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>Notes to International Monetary Fund 6/</th><th></th><th></th></tr><tr><td>1952</td><td>758</td><td>-</td><td>-1</td><td>-68</td><td>-9</td><td>-401</td><td>279</td></tr><tr><td>1953</td><td>718</td><td>-</td><td>-1</td><td>-26</td><td>28</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>109</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>156</td><td>-55</td><td>615</td></tr><tr><td>1956</td><td>456</td><td>-15</td><td>*</td><td>-7</td><td>175</td><td>335</td><td>943</td></tr><tr><td>1957</td><td>388</td><td>234</td><td>*</td><td>-6</td><td>-674</td><td>-753</td><td>-811</td></tr><tr><td>1958</td><td>254</td><td>91</td><td>*</td><td>-4</td><td>-450</td><td>579</td><td>470</td></tr><tr><td>1959</td><td>801</td><td>87</td><td>*</td><td>-2</td><td>1,361 8/</td><td>-116</td><td>2,131</td></tr><tr><td>1960 (Est.)</td><td>375</td><td>-</td><td>*</td><td>-2</td><td>250</td><td>99</td><td>722</td></tr><tr><td>1961 (Est.)</td><td>125</td><td>-</td><td>*</td><td>-1</td><td>-</td><td>95</td><td>219</td></tr><tr><td>1959-January</td><td>110</td><td>51</td><td>*</td><td>*</td><td>-9</td><td>411</td><td>563</td></tr><tr><td>February</td><td>50</td><td>-333</td><td>*</td><td>*</td><td>14</td><td>-144</td><td>-652</td></tr><tr><td>March</td><td>-16</td><td>223</td><td>*</td><td>*</td><td>161</td><td>284</td><td>652</td></tr><tr><td>April</td><td>74</td><td>273</td><td>*</td><td>*</td><td>-4</td><td>82</td><td>424</td></tr><tr><td>May</td><td>77</td><td>-446</td><td>*</td><td>*</td><td>7</td><td>-386</td><td>-368</td></tr><tr><td>June</td><td>-11</td><td>-471</td><td>*</td><td>*</td><td>1,053 8/</td><td>260</td><td>831</td></tr><tr><td>July</td><td>229</td><td>222</td><td>*</td><td>*</td><td>10</td><td>-186</td><td>274</td></tr><tr><td>August</td><td>49</td><td>-329</td><td>*</td><td>*</td><td>-18</td><td>-312</td><td>-610</td></tr><tr><td>September</td><td>-9</td><td>306</td><td>*</td><td>*</td><td>-</td><td>17</td><td>314</td></tr><tr><td>October</td><td>95</td><td>329</td><td>*</td><td>*</td><td>10</td><td>218</td><td>646</td></tr><tr><td>November</td><td>23</td><td>-184</td><td>*</td><td>*</td><td>74</td><td>-354</td><td>-440</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
16
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">Placei year or month</th><th rowspan="2">Public debt increase, or decrease (-)</th><th colspan="2">Plus: Net sale of obligations of Government enterprises in the market</th><th colspan="3">Less: Net investment in Federal securities by Government agencies</th><th rowspan="2">Equals: Increase in securities held by the public, or decrease (-)</th></tr><tr><th>Public end trust enterprise funds</th><th>Government-sponsored enterprises</th><th>Trust funds</th><th>Public enterprise funds</th><th>Government-sponsored enterprises</th></tr><tr><td>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>-1,629</td><td>173</td><td>872</td><td>2,516 2/2</td><td>101</td><td>549</td><td>-3,743</td></tr><tr><td>1957.</td><td>-2,221</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.</td><td>5,816</td><td>567</td><td>-167</td><td>105</td><td>91</td><td>461</td><td>5,560</td></tr><tr><td>1959.</td><td>8,363</td><td>71</td><td>1,222</td><td>-1,215</td><td>102</td><td>-68</td><td>10,837</td></tr><tr><td>1960 (Est.)</td><td>-206</td><td>985</td><td>885</td><td>208</td><td>161</td><td>258</td><td>1,037</td></tr><tr><td>1961 (Est.)</td><td>-4,500</td><td>906</td><td>-57</td><td>1,769</td><td>185</td><td>210</td><td>-5,845</td></tr><tr><td>1959-January</td><td>2,879</td><td>-4</td><td>-74</td><td>-1,062</td><td>15</td><td>201</td><td>3,647</td></tr><tr><td>February</td><td>-697</td><td>57</td><td>206</td><td>-63</td><td>16</td><td>175</td><td>-563</td></tr><tr><td>March.</td><td>-3,069</td><td>6</td><td>47</td><td>64</td><td>7</td><td>22</td><td>-3,108</td></tr><tr><td>April.</td><td>3,319</td><td>78</td><td>94</td><td>-187</td><td>-4</td><td>-174</td><td>4,156</td></tr><tr><td>May</td><td>950</td><td>1</td><td>297</td><td>963</td><td>17</td><td>168</td><td>99</td></tr><tr><td>June</td><td>-1,597</td><td>53</td><td>237</td><td>552</td><td>14</td><td>-112</td><td>-1,760</td></tr><tr><td>July.</td><td>3,976</td><td>-1</td><td>364</td><td>-686</td><td>16</td><td>165</td><td>4,844</td></tr><tr><td>August.</td><td>1,714</td><td>51</td><td>178</td><td>646</td><td>19</td><td>-92</td><td>1,370</td></tr><tr><td>September.</td><td>-2,100</td><td>155</td><td>79</td><td>-329</td><td>12</td><td>-82</td><td>-1,466</td></tr><tr><td>October.</td><td>2,957</td><td>3</td><td>117</td><td>-682</td><td>15</td><td>-16</td><td>3,760</td></tr><tr><td>November.</td><td>-664</td><td>56</td><td>185</td><td>12</td><td>56</td><td>174</td><td>-665</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Net accrued interest on savings bonds and Treasury bills 3/</th><th colspan="4">Lease Deductions for noncash and other transactions</th><th>Total deductions</th><th>Equals: Net cash borrowing from the public, or repayment (-)</th><th>Less: Transactions not reflected in the Treasurer's account 2/</th><th>Equals: Net cash borrowing through the Treasurer's account, or repayment (-)</th></tr><tr><th></th><th></th><th>Adjusted service bonds 2/</th><th>Armed forces leave bonds 5/</th><th>Notes to International Monetary Fund 2/</th><th>Excess profits tax refund bonds 5/</th><th></th><th></th><th></th><th></th></tr><tr><td>1952</td><td>758</td><td>-1</td><td>-68</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>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>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>156</td><td>*</td><td>644</td><td>1,809</td><td>200</td><td>1,579</td></tr><tr><td>1956</td><td>456</td><td>*</td><td>-7</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>388</td><td>*</td><td>-6</td><td>-674</td><td>*</td><td>-292</td><td>-3,100</td><td>543</td><td>-3,668</td></tr><tr><td>1958</td><td>254</td><td>*</td><td>-4</td><td>-450</td><td>*</td><td>-200</td><td>5,750</td><td>506</td><td>5,953</td></tr><tr><td>1959</td><td>801</td><td>*</td><td>-2</td><td>1,361</td><td>*</td><td>2,160</td><td>8,678</td><td>666</td><td>8,032</td></tr><tr><td>1960 (Est.)</td><td>375</td><td>*</td><td>-2</td><td>250</td><td>*</td><td>623</td><td>414</td><td>-</td><td>414</td></tr><tr><td>1961 (Est.)</td><td>125</td><td>*</td><td>-1</td><td>-</td><td>*</td><td>124</td><td>-5,969</td><td>-</td><td>-5,969</td></tr><tr><td>1959-January</td><td>110</td><td>*</td><td>*</td><td>-9</td><td>*</td><td>101</td><td>3,546</td><td>18</td><td>3,527</td></tr><tr><td>February</td><td>50</td><td>*</td><td>*</td><td>14</td><td>*</td><td>64</td><td>-627</td><td>69</td><td>-69</td></tr><tr><td>March</td><td>-16</td><td>*</td><td>*</td><td>161</td><td>*</td><td>145</td><td>-3,253</td><td>80</td><td>-3,333</td></tr><tr><td>April</td><td>74</td><td>*</td><td>*</td><td>-4</td><td>*</td><td>69</td><td>4,086</td><td>86</td><td>4,000</td></tr><tr><td>May</td><td>77</td><td>*</td><td>*</td><td>7</td><td>*</td><td>84</td><td>15</td><td>-1</td><td>16</td></tr><tr><td>June</td><td>-11</td><td>*</td><td>*</td><td>1,053</td><td>*</td><td>1,042</td><td>-2,803</td><td>179</td><td>-2,982</td></tr><tr><td>July</td><td>229</td><td>*</td><td>*</td><td>10</td><td>*</td><td>229</td><td>4,606</td><td>69</td><td>4,537</td></tr><tr><td>August</td><td>49</td><td>*</td><td>*</td><td>-18</td><td>*</td><td>31</td><td>1,339</td><td>78</td><td>1,261</td></tr><tr><td>September</td><td>-9</td><td>*</td><td>*</td><td>*</td><td>*</td><td>-9</td><td>-1,457</td><td>23</td><td>-1,480</td></tr><tr><td>October</td><td>95</td><td>*</td><td>*</td><td>10</td><td>*</td><td>105</td><td>3,656</td><td>14</td><td>3,642</td></tr><tr><td>November</td><td>22</td><td>*</td><td>*</td><td>74</td><td>*</td><td>97</td><td>-763</td><td>6</td><td>-768</td></tr></table>
Source: See Table 1.
Footnotes on following page.
January 1960
17
CASH INCOME AND OUTGO
Footnotes to Table 4
Net operating expenditures, or receipts (-), as measured by funds provided by or applied to net security transactions reflected in Treasury reports (see Table 7). To a large extent, these Government-sponsored enterprises secure funds for their operations by direct borrowing from the public or by cashing Federal securities which they hold, and they apply the net income received from operations to repayment of borrowing from the public or to investment in Federal securities. On that basis, 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.
2/ Not reported prior to 1954.
3/ See Table 7, Footnote 1.
4/ Does not include revolving fund receipts representing acquired securities amounting to $1,643,070 (per value).
Footnotes to Table 5
1/ Federal intermediate credit bank franchise tax through December 1956 and, beginning 1957, also reimbursement by Panama Canal Company for expenses and services.
2/ 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 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 District of Columbia; payment of dividends, interest, 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.
3/ Consists of payment of earnings and repayment of capital stock to the Treasury for 1952; and payment of franchise tax by banks for cooperatives beginning 1955; and by Federal intermediate credit bank beginning January 1959.
4/ 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 6), and beginning with fiscal year 1959 excludes voluntary contributions.
2/ Comprises of payments 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 awards of Indian Claims Commission.
6/ Includes payment by District of Columbia to the Civil Service Retirement Account for share of contributions, and beginning with 1958 also deductions from its payroll; payments between Railroad Retirement Account and Federal Old-Age and Survivors Insurance Trust Fund; transfers from Civil Service retirement fund to Foreign Service retirement fund from 1955 through 1957; 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 bills less 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 to an accrued basis; and, 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 increase, or decrease (-).
4/ Issued in 1936 in exchange for adjusted service certificates held by veterans of World War I. The bonds matured in 1945.
5/ Issued in 1947 in payment for accumulated leaves. The last of these bonds matured in 1951.
6/ Part of the United States subscription to the capital of the International Monetary Fund was paid in the form of noninterest-bearing noncallable, payable in full at maturity (see 947 Annual Report of the Secretary of the Treasury, pages 48, 350, and 385).
7/ Checks outstanding less deposits in transit, and changes in other accounts, net increase, or decrease (-). Prior to 1954, includes all public debt interest due and unpaid (see footnote 2).
8/ Includes $1,091 million notes issued as part of the additional United States subscription authorized by Public Law 86-48, approved June 17, 1959. * 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-sponsored enterprises includes a small amount by other enterprises regarded as representing net transactions with the public. In Table 4, under "Trust Account and Other Transactions," these amounts are included, treated as trust deposit fund account investments.
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 principal of the public debt, loss interest paid on savings bonds and bills redeemed.
1/ Treated as noncash transactions at the time of issuance and as cash transactions at the time of redemption; net issuance, or redemption (-)
2/ Excluded from borrowing because the transactions are treated as expenditures in Table 6.
3/ Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3.
2/ Market transactions in public debt securities and agency obligations.
* Less than $500,000.
18
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 arise 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="8">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>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>6,362</td><td>146 2/</td><td>6,216 2/</td></tr><tr><td>1956</td><td>522</td><td>4,633</td><td>501</td><td>5,656</td><td>159</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>1958</td><td>410</td><td>8,218</td><td>401</td><td>9,030</td><td>259</td><td>49</td><td>287</td><td>465</td><td>9,990</td><td>240</td><td>9,749</td></tr><tr><td>1959</td><td>535</td><td>3,744</td><td>101</td><td>4,380</td><td>306</td><td>63</td><td>273</td><td>429</td><td>5,451</td><td>100</td><td>5,350</td></tr><tr><td>1958-Dec.</td><td>358</td><td>3,468</td><td>396</td><td>4,222</td><td>292</td><td>46</td><td>140</td><td>399</td><td>5,099</td><td>138</td><td>4,961</td></tr><tr><td>1959-Jan.</td><td>447</td><td>4,054</td><td>396</td><td>4,897</td><td>313</td><td>67</td><td>292</td><td>456</td><td>6,031</td><td>113</td><td>5,918</td></tr><tr><td>Feb.</td><td>492</td><td>3,454</td><td>398</td><td>4,344</td><td>329</td><td>50</td><td>269</td><td>446</td><td>5,437</td><td>163</td><td>5,274</td></tr><tr><td>March</td><td>398</td><td>2,787</td><td>394</td><td>3,579</td><td>319</td><td>68</td><td>168</td><td>399</td><td>4,533</td><td>95</td><td>4,438</td></tr><tr><td>April</td><td>539</td><td>3,844</td><td>402</td><td>4,785</td><td>310</td><td>63</td><td>448</td><td>476</td><td>6,081</td><td>112</td><td>5,969</td></tr><tr><td>May</td><td>567</td><td>4,117</td><td>396</td><td>5,080</td><td>309</td><td>45</td><td>166</td><td>407</td><td>6,002</td><td>114</td><td>5,888</td></tr><tr><td>June</td><td>535</td><td>3,744</td><td>101</td><td>4,380</td><td>306</td><td>63</td><td>273</td><td>429</td><td>5,451</td><td>100</td><td>5,350</td></tr><tr><td>July</td><td>522</td><td>4,364</td><td>106</td><td>4,992</td><td>297</td><td>60</td><td>175</td><td>406</td><td>5,930</td><td>99</td><td>5,837</td></tr><tr><td>Aug.</td><td>537</td><td>5,227</td><td>110</td><td>5,875</td><td>289</td><td>42</td><td>111</td><td>392</td><td>6,709</td><td>92</td><td>6,617</td></tr><tr><td>Sept.</td><td>704</td><td>5,353</td><td>102</td><td>6,159</td><td>279</td><td>41</td><td>201</td><td>424</td><td>7,103</td><td>87</td><td>7,017</td></tr><tr><td>Oct.</td><td>488</td><td>4,990</td><td>109</td><td>5,587</td><td>280</td><td>64</td><td>171</td><td>380</td><td>6,482</td><td>106</td><td>6,376</td></tr><tr><td>Nov.</td><td>582</td><td>3,559</td><td>102</td><td>4,243</td><td>291</td><td>32</td><td>137</td><td>378</td><td>5,081</td><td>113</td><td>4,968</td></tr></table>
Source: Daily Treasury statement.
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).
2/ Beginning December 1954, Post Office Department and Postmasters
disbursing accounts are no longer treated as liability 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 (see "Budget Receipts and Expenditures," Table 2). An adjustment of - $207 million in the balance in the Treasurer's account (and in the "clearing account") reflects this change.
January 1960
19
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">Placal year or month</th><th colspan="4">Credits</th><th colspan="2">Taxes</th><th rowspan="2">Total credits</th><th rowspan="2">Withdrawals</th><th rowspan="2">End of period</th><th colspan="3">Balance</th></tr><tr><th>Proceeds from sales of securities 1/</th><th></th><th></th><th>Withheld and excise 2/</th><th>Income (by special arrangement) 3/</th><th></th><th>During period</th><th>High</th><th>Low</th><th>Average</th></tr><tr><td></td><td>Savings bonds</td><td>Savings notes</td><td>Tax anticipation a urities</td><td>Other</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>36,499</td><td>37,066</td><td>5,106</td><td>5,409</td><td>1,425</td><td>3,255</td></tr><tr><td>1953</td><td>2,667</td><td>2,231</td><td>5,253</td><td>5,011</td><td>15,859</td><td>10,227</td><td>43,267</td><td>43,309</td><td>3,071</td><td>8,776</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>4,302</td><td>19,898</td><td>4,791</td><td>41,664</td><td>39,879</td><td>4,836</td><td>7,439</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>39,140</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>1958</td><td>2,824</td><td>-</td><td>2,922</td><td>13,513</td><td>27,881</td><td>7,903</td><td>55,044</td><td>50,908</td><td>8,218</td><td>8,869</td><td>1,078</td><td>3,246</td></tr><tr><td>1959</td><td>2,668</td><td>-</td><td>7,581</td><td>13,164</td><td>29,190</td><td>5,919</td><td>58,520</td><td>62,994</td><td>3,744</td><td>8,055</td><td>912</td><td>3,638</td></tr><tr><td>1958-December</td><td>234</td><td>-</td><td>-</td><td>-</td><td>2,766</td><td>1,133</td><td>4,113</td><td>5,523</td><td>3,468</td><td>4,355</td><td>1,728</td><td>3,133</td></tr><tr><td>1959-January</td><td>290</td><td>-</td><td>-</td><td>3,387</td><td>1,060</td><td>18</td><td>4,755</td><td>4,169</td><td>4,054</td><td>4,144</td><td>912</td><td>2,685</td></tr><tr><td>February</td><td>237</td><td>-</td><td>1,099</td><td>33</td><td>3,458</td><td>-</td><td>4,827</td><td>5,1427</td><td>3,254</td><td>3,951</td><td>2,465</td><td>3,365</td></tr><tr><td>March</td><td>231</td><td>-</td><td>-</td><td>27</td><td>3,077</td><td>1,694</td><td>5,030</td><td>5,697</td><td>2,787</td><td>4,989</td><td>1,754</td><td>2,884</td></tr><tr><td>April</td><td>207</td><td>-</td><td>-</td><td>4,136</td><td>1,174</td><td>17</td><td>5,534</td><td>4,477</td><td>3,844</td><td>6,457</td><td>3,261</td><td>4,254</td></tr><tr><td>May</td><td>186</td><td>-</td><td>-</td><td>1,928</td><td>3,487</td><td>1</td><td>5,601</td><td>5,328</td><td>3,117</td><td>5,669</td><td>3,720</td><td>4,347</td></tr><tr><td>June</td><td>180</td><td>-</td><td>-</td><td>-</td><td>3,278</td><td>1,629</td><td>5,087</td><td>5,460</td><td>3,744</td><td>4,028</td><td>1,838</td><td>3,122</td></tr><tr><td>July</td><td>202</td><td>-</td><td>2,915</td><td>1,900</td><td>1,314</td><td>89</td><td>6,421</td><td>5,801</td><td>4,364</td><td>5,765</td><td>2,467</td><td>4,486</td></tr><tr><td>August</td><td>176</td><td>-</td><td>974</td><td>-</td><td>3,665</td><td>-</td><td>4,816</td><td>3,952</td><td>5,227</td><td>5,382</td><td>2,916</td><td>4,179</td></tr><tr><td>September</td><td>172</td><td>-</td><td>-</td><td>-</td><td>3,057</td><td>1,285</td><td>4,514</td><td>4,388</td><td>5,353</td><td>5,454</td><td>2,885</td><td>4,276</td></tr><tr><td>October</td><td>202</td><td>-</td><td>1,925</td><td>2,135</td><td>1,072</td><td>63</td><td>5,396</td><td>5,759</td><td>4,990</td><td>5,663</td><td>2,384</td><td>4,374</td></tr><tr><td>November</td><td>197</td><td>-</td><td>-</td><td>-</td><td>3,463</td><td>-</td><td>3,660</td><td>5,091</td><td>3,559</td><td>4,857</td><td>2,773</td><td>3,808</td></tr></table>
Source: Office of Fiscal Assistant Secretary; figures are on basis of telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a deposit credit 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 circulars inviting subscriptions to the issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers in the depositary banks, as follows: Withheld income tax beginning
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad Retirement Tax Act beginning July 1951; and a number of excise taxes beginning July 1953. 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 depository bank to be credited to the tax and loan account in that bank. This procedure is followed during some of the quarterly periods of heavy tax payments.
20
Treasury Bulletin
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Total outstanding</th><th colspan="3">Interest-bearing debt</th><th colspan="5">Matured debt and debt bearing no interest</th></tr><tr><th>Total 1/</th><th>Public debt</th><th>Guaranteed securities 2/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities 2/ 3/</th><th>Total</th><th>Total</th><th>Public debt</th><th>Monetary Fund 4/</th><th>Other 5/</th><th>Guaranteed securities 2/ (matured)</th></tr><tr><td>1952</td><td>259,151</td><td>259,105</td><td>46</td><td>256,907</td><td>256,863</td><td>44</td><td>2,244</td><td>2,222</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>274,371</td><td>47</td><td>271,785</td><td>271,741</td><td>43</td><td>2,634</td><td>2,633</td><td>589</td><td>1,567</td><td>477</td><td>1</td></tr><tr><td>1956</td><td>272,825</td><td>272,751</td><td>74</td><td>269,956</td><td>269,883</td><td>73</td><td>2,869</td><td>2,868</td><td>666</td><td>1,742</td><td>460</td><td>1</td></tr><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>1958</td><td>276,444</td><td>276,343</td><td>101</td><td>274,798</td><td>274,698</td><td>101</td><td>1,646</td><td>1,646</td><td>597</td><td>618</td><td>430</td><td>1</td></tr><tr><td>1959</td><td>284,817</td><td>284,706</td><td>111</td><td>281,944</td><td>281,831</td><td>110</td><td>2,873</td><td>2,873</td><td>176</td><td>1,979</td><td>417</td><td>1</td></tr><tr><td>1958-December</td><td>283,031</td><td>282,922</td><td>109</td><td>280,947</td><td>280,839</td><td>108</td><td>2,084</td><td>2,084</td><td>903</td><td>757</td><td>423</td><td>1</td></tr><tr><td>1959-January</td><td>285,907</td><td>285,801</td><td>106</td><td>283,913</td><td>283,808</td><td>105</td><td>1,994</td><td>1,993</td><td>822</td><td>748</td><td>422</td><td>1</td></tr><tr><td>February</td><td>285,216</td><td>285,104</td><td>112</td><td>283,354</td><td>283,243</td><td>111</td><td>1,861</td><td>1,861</td><td>677</td><td>762</td><td>422</td><td>1</td></tr><tr><td>March</td><td>282,153</td><td>282,034</td><td>119</td><td>280,207</td><td>280,089</td><td>118</td><td>1,946</td><td>1,945</td><td>603</td><td>923</td><td>419</td><td>1</td></tr><tr><td>April</td><td>285,460</td><td>285,353</td><td>107</td><td>283,603</td><td>283,497</td><td>106</td><td>1,856</td><td>1,856</td><td>518</td><td>919</td><td>419</td><td>1</td></tr><tr><td>May</td><td>286,410</td><td>286,309</td><td>108</td><td>284,580</td><td>284,473</td><td>107</td><td>1,830</td><td>1,830</td><td>487</td><td>926</td><td>416</td><td>1</td></tr><tr><td>June</td><td>284,817</td><td>284,706</td><td>111</td><td>281,944</td><td>281,831</td><td>110</td><td>2,873</td><td>2,873</td><td>176</td><td>1,979</td><td>417</td><td>1</td></tr><tr><td>July</td><td>288,792</td><td>288,682</td><td>110</td><td>285,948</td><td>285,840</td><td>109</td><td>2,844</td><td>2,842</td><td>437</td><td>1,989</td><td>416</td><td>2</td></tr><tr><td>August</td><td>290,506</td><td>290,396</td><td>111</td><td>287,709</td><td>287,599</td><td>110</td><td>2,798</td><td>2,797</td><td>412</td><td>1,971</td><td>414</td><td>1</td></tr><tr><td>September</td><td>288,412</td><td>288,296</td><td>116</td><td>285,602</td><td>285,486</td><td>115</td><td>2,810</td><td>2,810</td><td>426</td><td>1,971</td><td>413</td><td>1</td></tr><tr><td>October</td><td>291,372</td><td>291,253</td><td>118</td><td>288,596</td><td>288,478</td><td>118</td><td>2,776</td><td>2,775</td><td>382</td><td>1,981</td><td>411</td><td>1</td></tr><tr><td>November</td><td>290,713</td><td>290,589</td><td>124</td><td>287,866</td><td>287,742</td><td>124</td><td>2,847</td><td>2,847</td><td>380</td><td>2,055</td><td>412</td><td>1</td></tr></table>
Sources: Daily Treasury statement.
1/ Includes certain obligations not subject to statutory limitation. For amounts subject to Limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
3/ Consists of Federal Housing Administration debentures beginning 1953.
4/ Special notes of the United States issued to the International Monetary
Fund in payment of part of the United States subscription,pursemnt to provisions of the Bretton Woods Agreements Act. The increase of $1,375 million in the United States subscription authorized by Public Law 86-L8, approved June 17, 1959, was paid in June 1959, $3.5 million in gold and the remainder in special notes.
5/ For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
<table><tr><th>End of fiscal year or month</th><th colspan="2">Total interest-bearing securities</th><th colspan="2">Computed annual interest charge</th><th colspan="8">Computed annual interest rate</th><th rowspan="2">Quar-tened securities 1/</th></tr><tr><th></th><th>Amount outstanding</th><th>Public debt and guaran- teed securities 1/</th><th>Public debt</th><th>Public debt and guaran- teed securities 1/</th><th>Total interest- bearing securities</th><th>Total public debt</th><th>Total 2/</th><th>Bills 2/</th><th>Certifi- cates</th><th>Notes</th><th>Treasury bonds</th><th>Non- marketable issues 3/</th><th>Special issues</th></tr><tr><td>1952</td><td>256,907</td><td>256,863</td><td>5,982</td><td>5,981</td><td>2,329</td><td>2,329</td><td>2,051</td><td>1,711</td><td>1,875</td><td>1,560</td><td>2,317</td><td>2,659</td><td>2,675</td><td>2,578</td></tr><tr><td>1953</td><td>263,997</td><td>263,966</td><td>6,432</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>2,766</td><td>2,575</td></tr><tr><td>1954</td><td>268,990</td><td>266,910</td><td>6,300</td><td>6,298</td><td>2,342</td><td>2,342</td><td>2,043</td><td>2,843</td><td>1,928</td><td>1,938</td><td>2,440</td><td>2,751</td><td>2,671</td><td>2,547</td></tr><tr><td>1955</td><td>271,785</td><td>270,741</td><td>6,388</td><td>6,387</td><td>2,351</td><td>2,351</td><td>2,079</td><td>1,539</td><td>1,173</td><td>1,826</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>6,950</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>7,325</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>1958</td><td>271,798</td><td>271,698</td><td>7,218</td><td>7,215</td><td>2,638</td><td>2,638</td><td>2,546</td><td>1,033</td><td>3,390</td><td>2,806</td><td>2,576</td><td>2,932</td><td>2,630</td><td>2,622</td></tr><tr><td>1959</td><td>281,941</td><td>281,893</td><td>8,069</td><td>8,066</td><td>2,867</td><td>2,867</td><td>2,891</td><td>3,316</td><td>2,982</td><td>3,306</td><td>2,619</td><td>2,925</td><td>2,694</td><td>2,628</td></tr><tr><td>1958-December</td><td>280,947</td><td>280,839</td><td>7,546</td><td>7,543</td><td>2,689</td><td>2,689</td><td>2,624</td><td>2,930</td><td>2,212</td><td>2,954</td><td>2,592</td><td>2,909</td><td>2,646</td><td>2,621</td></tr><tr><td>1959-January</td><td>283,913</td><td>283,808</td><td>7,670</td><td>7,667</td><td>2,704</td><td>2,704</td><td>2,649</td><td>2,960</td><td>2,212</td><td>2,995</td><td>2,607</td><td>2,912</td><td>2,648</td><td>2,620</td></tr><tr><td>February</td><td>283,354</td><td>283,243</td><td>7,871</td><td>7,868</td><td>2,781</td><td>2,781</td><td>2,769</td><td>2,995</td><td>2,599</td><td>3,206</td><td>2,608</td><td>2,915</td><td>2,630</td><td>2,618</td></tr><tr><td>March</td><td>280,07</td><td>280,089</td><td>7,939</td><td>7,936</td><td>2,801</td><td>2,801</td><td>2,799</td><td>3,020</td><td>2,713</td><td>3,266</td><td>2,608</td><td>2,918</td><td>2,653</td><td>2,612</td></tr><tr><td>April</td><td>283,603</td><td>283,497</td><td>7,995</td><td>7,993</td><td>2,821</td><td>2,821</td><td>2,832</td><td>3,101</td><td>2,713</td><td>3,311</td><td>2,619</td><td>2,921</td><td>2,656</td><td>2,622</td></tr><tr><td>May</td><td>281,580</td><td>281,473</td><td>8,105</td><td>8,102</td><td>2,853</td><td>2,853</td><td>2,877</td><td>3,209</td><td>2,842</td><td>3,307</td><td>2,619</td><td>2,923</td><td>2,660</td><td>2,623</td></tr><tr><td>June</td><td>281,944</td><td>281,833</td><td>8,069</td><td>8,066</td><td>2,867</td><td>2,867</td><td>2,891</td><td>3,316</td><td>2,842</td><td>3,304</td><td>2,619</td><td>2,925</td><td>2,694</td><td>2,628</td></tr><tr><td>July</td><td>285,948</td><td>285,840</td><td>8,299</td><td>8,296</td><td>2,909</td><td>2,909</td><td>2,954</td><td>3,577</td><td>2,842</td><td>3,302</td><td>2,619</td><td>2,928</td><td>2,699</td><td>2,624</td></tr><tr><td>August</td><td>287,709</td><td>287,599</td><td>8,815</td><td>8,812</td><td>3,072</td><td>3,072</td><td>3,207</td><td>3,670</td><td>3,650</td><td>3,782</td><td>2,619</td><td>2,931</td><td>2,699</td><td>2,632</td></tr><tr><td>September</td><td>285,602</td><td>285,486</td><td>8,993</td><td>8,995</td><td>3,137</td><td>3,138</td><td>3,238</td><td>3,847</td><td>3,650</td><td>3,776</td><td>2,619</td><td>3,159</td><td>2,699</td><td>2,632</td></tr><tr><td>October</td><td>288,596</td><td>288,478</td><td>9,193</td><td>9,190</td><td>3,124</td><td>3,124</td><td>3,319</td><td>4,111</td><td>3,650</td><td>3,838</td><td>2,619</td><td>3,166</td><td>2,699</td><td>2,632</td></tr><tr><td>November</td><td>287,866</td><td>287,712</td><td>9,357</td><td>9,354</td><td>3,260</td><td>3,260</td><td>3,418</td><td>4,265</td><td>4,130</td><td>3,910</td><td>2,619</td><td>3,171</td><td>2,701</td><td>2,638</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 until the date of 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 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. Beginning with data for December 31, 1958, computation of the average annual interest charge and rate is based on the rate of effective yield for issues sold at premium or discount. Prior to 1958, the rate is based on the coupon rate for all issues. Excludes guaranteed securities held by the Treasury. Total includes "Other bonds"; see Table 3. Included in debt outstanding at face amount, but discount value is used in computing annual interest charge and annual interest rate. On State and local savings bonds the rate to maturity is applied against the amount outstanding.
January 1960
21
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total interest-bearing public debt</th><th colspan="5">Marketable</th><th colspan="3">Public issues</th><th colspan="5">Nonmarketable</th><th rowspan="2">Special issues</th></tr><tr><th></th><th></th><th>Total public issues</th><th>Total</th><th>Bills</th><th>Certificate</th><th>Notes</th><th>Treasury bonds</th><th>Other bonds</th><th>Total</th><th>U.S. savings bonds</th><th>Treasury savings notes</th><th>Treasury bonds, investment series</th><th>Depository bonds</th></tr><tr><td>1952</td><td>256,863</td><td>219,124</td><td>110,407</td><td>17,219</td><td>28,423</td><td>18,963</td><td>48,200</td><td>27,460</td><td>142</td><td>78,717</td><td>57,685</td><td>6,612</td><td>14,046</td><td>373</td><td>37,739</td></tr><tr><td>1953</td><td>263,946</td><td>223,408</td><td>117,335</td><td>19,707</td><td>15,854</td><td>30,425</td><td>63,980</td><td>17,245</td><td>121</td><td>76,072</td><td>57,086</td><td>4,453</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>31,960</td><td>71,706</td><td>8,672</td><td>96</td><td>76,326</td><td>58,061</td><td>5,079</td><td>12,775</td><td>411</td><td>43,229</td></tr><tr><td>1955</td><td>274,742</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>12,589</td><td>417</td><td>43,250</td></tr><tr><td>1956</td><td>269,883</td><td>224,769</td><td>154,953</td><td>20,808</td><td>16,303</td><td>35,952</td><td>81,840</td><td>-</td><td>50</td><td>69,817</td><td>57,497</td><td>-</td><td>12,009</td><td>310</td><td>45,111</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>11,135</td><td>196</td><td>46,827</td></tr><tr><td>1958</td><td>274,698</td><td>228,452</td><td>156,675</td><td>22,406</td><td>32,920</td><td>20,416</td><td>90,883</td><td>-</td><td>50</td><td>61,777</td><td>51,984</td><td>-</td><td>9,621</td><td>171</td><td>46,215</td></tr><tr><td>1959</td><td>281,833</td><td>237,078</td><td>178,027</td><td>32,017</td><td>33,843</td><td>27,314</td><td>84,802</td><td>-</td><td>50</td><td>59,050</td><td>50,503</td><td>-</td><td>8,365</td><td>183</td><td>44,796</td></tr><tr><td>1958-Dec.</td><td>280,839</td><td>235,399</td><td>175,586</td><td>29,748</td><td>36,364</td><td>26,072</td><td>83,352</td><td>-</td><td>50</td><td>60,412</td><td>51,192</td><td>-</td><td>9,017</td><td>203</td><td>44,840</td></tr><tr><td>1959-Jan.</td><td>283,808</td><td>239,901</td><td>179,816</td><td>30,342</td><td>36,364</td><td>28,918</td><td>84,142</td><td>-</td><td>50</td><td>60,086</td><td>50,993</td><td>-</td><td>8,897</td><td>196</td><td>43,907</td></tr><tr><td>Feb.</td><td>283,243</td><td>239,373</td><td>179,308</td><td>31,832</td><td>37,997</td><td>25,299</td><td>84,170</td><td>-</td><td>50</td><td>60,066</td><td>51,049</td><td>-</td><td>8,892</td><td>185</td><td>43,870</td></tr><tr><td>Mar.</td><td>280,089</td><td>236,149</td><td>176,239</td><td>32,234</td><td>34,390</td><td>25,429</td><td>84,190</td><td>-</td><td>50</td><td>59,856</td><td>50,980</td><td>-</td><td>8,692</td><td>185</td><td>43,940</td></tr><tr><td>Apr.</td><td>283,497</td><td>240,220</td><td>180,709</td><td>34,244</td><td>34,390</td><td>27,204</td><td>84,821</td><td>-</td><td>50</td><td>59,510</td><td>50,819</td><td>-</td><td>8,509</td><td>183</td><td>43,278</td></tr><tr><td>May.</td><td>284,473</td><td>240,273</td><td>180,999</td><td>35,024</td><td>33,403</td><td>27,471</td><td>84,804</td><td>-</td><td>50</td><td>59,274</td><td>50,677</td><td>-</td><td>8,443</td><td>182</td><td>44,203</td></tr><tr><td>June.</td><td>281,833</td><td>237,078</td><td>178,027</td><td>32,017</td><td>33,843</td><td>27,314</td><td>84,803</td><td>-</td><td>50</td><td>59,050</td><td>50,503</td><td>-</td><td>8,365</td><td>183</td><td>44,796</td></tr><tr><td>July.</td><td>285,840</td><td>221,779</td><td>183,057</td><td>37,029</td><td>33,843</td><td>27,341</td><td>84,794</td><td>-</td><td>50</td><td>58,722</td><td>50,221</td><td>-</td><td>8,318</td><td>183</td><td>44,061</td></tr><tr><td>August.</td><td>287,599</td><td>222,876</td><td>182,469</td><td>38,631</td><td>20,343</td><td>40,654</td><td>84,786</td><td>-</td><td>50</td><td>58,413</td><td>49,983</td><td>-</td><td>8,251</td><td>179</td><td>44,723</td></tr><tr><td>Sept.</td><td>285,486</td><td>221,086</td><td>183,057</td><td>37,128</td><td>20,343</td><td>40,758</td><td>84,778</td><td>-</td><td>50</td><td>58,029</td><td>49,721</td><td>-</td><td>8,132</td><td>176</td><td>44,492</td></tr><tr><td>Oct.</td><td>288,478</td><td>224,882</td><td>187,433</td><td>39,130</td><td>20,343</td><td>43,141</td><td>84,770</td><td>-</td><td>50</td><td>57,449</td><td>49,434</td><td>-</td><td>7,826</td><td>191</td><td>43,596</td></tr><tr><td>Nov.</td><td>287,742</td><td>224,160</td><td>186,957</td><td>39,134</td><td>19,669</td><td>43,341</td><td>84,763</td><td>-</td><td>50</td><td>57,204</td><td>49,280</td><td>-</td><td>7,736</td><td>188</td><td>43,582</td></tr></table>
Source: Daily Treasury statement.
1/ Issues which commercial banks (banke 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 collateral; (3) they might hold a limited amount of such issues for trading purposes. Consists of Panama Canal bonds, and also postal savings bonds until the last of those bonds matured on July 1, 1955.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Amount outstanding</th><th colspan="5">Maturity classes</th><th>Average length</th></tr><tr><th></th><th></th><th>Within 1 year</th><th>1 - 5 years</th><th>5 - 10 years</th><th>10 - 20 years</th><th>20 years and over</th><th></th></tr><tr><td>1952</td><td>160,407</td><td>46,367</td><td>47,814</td><td>13,933</td><td>25,700</td><td>6,594</td><td>5 yrs. 8 mos.</td></tr><tr><td>1953</td><td>147,335</td><td>65,270</td><td>36,161</td><td>15,651</td><td>28,662</td><td>1,592</td><td>5 yrs. 4 mos.</td></tr><tr><td>1954</td><td>150,354</td><td>62,724</td><td>29,866</td><td>27,515</td><td>28,634</td><td>1,606</td><td>5 yrs. 6 mos.</td></tr><tr><td>1955</td><td>155,206</td><td>49,703</td><td>39,107</td><td>34,253</td><td>28,613</td><td>3,530</td><td>5 yrs. 10 mos.</td></tr><tr><td>1956</td><td>154,933</td><td>58,714</td><td>34,401</td><td>28,908</td><td>28,578</td><td>4,351</td><td>5 yrs. 4 mos.</td></tr><tr><td>1957</td><td>155,705</td><td>71,952</td><td>40,669</td><td>12,328</td><td>26,407</td><td>4,349</td><td>4 yrs. 9 mos.</td></tr><tr><td>1958</td><td>166,675</td><td>67,782</td><td>42,557</td><td>21,476</td><td>27,652</td><td>7,208</td><td>5 yrs. 3 mos.</td></tr><tr><td>1959</td><td>178,027</td><td>72,958</td><td>58,304</td><td>17,052</td><td>21,625</td><td>8,088</td><td>4 yrs. 7 mos.</td></tr><tr><td>1958-December</td><td>175,586</td><td>72,616</td><td>53,803</td><td>17,167</td><td>24,793</td><td>7,206</td><td>4 yrs. 9 mos.</td></tr><tr><td>1959-January</td><td>179,816</td><td>73,210</td><td>56,650</td><td>17,157</td><td>24,786</td><td>8,004</td><td>4 yrs. 8 mos.</td></tr><tr><td>February</td><td>179,308</td><td>71,191</td><td>61,986</td><td>13,312</td><td>24,779</td><td>8,039</td><td>4 yrs. 9 mos.</td></tr><tr><td>March</td><td>176,293</td><td>68,025</td><td>62,117</td><td>13,312</td><td>24,771</td><td>8,068</td><td>4 yrs. 9 mos.</td></tr><tr><td>April</td><td>180,709</td><td>70,115</td><td>63,811</td><td>13,311</td><td>25,383</td><td>8,089</td><td>4 yrs. 8 mos.</td></tr><tr><td>May</td><td>180,993</td><td>75,954</td><td>58,265</td><td>13,311</td><td>25,375</td><td>8,088</td><td>4 yrs. 7 mos.</td></tr><tr><td>June</td><td>178,027</td><td>72,958</td><td>58,304</td><td>17,052</td><td>21,625</td><td>8,088</td><td>4 yrs. 7 mos.</td></tr><tr><td>July</td><td>183,057</td><td>77,970</td><td>58,331</td><td>17,052</td><td>21,617</td><td>8,088</td><td>4 yrs. 5 mos.</td></tr><tr><td>August</td><td>184,463</td><td>75,158</td><td>62,556</td><td>17,051</td><td>21,611</td><td>8,087</td><td>4 yrs. 6 mos.</td></tr><tr><td>September</td><td>183,057</td><td>73,656</td><td>62,660</td><td>17,051</td><td>21,604</td><td>8,087</td><td>4 yrs. 5 mos.</td></tr><tr><td>October</td><td>187,433</td><td>75,836</td><td>64,864</td><td>18,326</td><td>20,321</td><td>8,086</td><td>4 yrs. 4 mos.</td></tr><tr><td>November</td><td>186,957</td><td>77,947</td><td>62,284</td><td>18,325</td><td>20,316</td><td>8,085</td><td>4 yrs. 4 mos.</td></tr></table>
tax-exempt bonds, which are classified to earliest call date.
Source: Debt Analysis Staff in the Office of the Secretary. 1/ All issues classified to final maturity except partially
22
Treasury Bulletin
DEBT OUTSTANDING
Table 5.- 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 Corporations</th><th>Federal employees' retirement funds</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>1952</td><td>37,739</td><td>888</td><td>-</td><td>50</td><td>14,027</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>15,532</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>17,052</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>3,186</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>1958</td><td>46,265</td><td>673</td><td>996</td><td>165</td><td>18,610</td><td>112</td><td>7,738</td><td>1,144</td><td>822</td><td>5,665</td><td>*</td><td>3,531</td><td>6,671</td><td>120</td></tr><tr><td>1959</td><td>44,796</td><td>629</td><td>1,533</td><td>165</td><td>17,227</td><td>116</td><td>8,608</td><td>1,127</td><td>429</td><td>5,762</td><td>*</td><td>3,417</td><td>5,636</td><td>126</td></tr><tr><td>1959-December</td><td>44,840</td><td>631</td><td>1,257</td><td>165</td><td>17,753</td><td>104</td><td>8,124</td><td>1,120</td><td>386</td><td>5,625</td><td>*</td><td>3,503</td><td>6,055</td><td>117</td></tr><tr><td>1959-January</td><td>43,907</td><td>698</td><td>1,253</td><td>165</td><td>17,182</td><td>108</td><td>8,163</td><td>1,115</td><td>282</td><td>5,621</td><td>*</td><td>3,441</td><td>5,759</td><td>119</td></tr><tr><td>February</td><td>43,870</td><td>710</td><td>1,296</td><td>165</td><td>17,067</td><td>110</td><td>8,225</td><td>1,110</td><td>356</td><td>5,616</td><td>*</td><td>3,435</td><td>5,652</td><td>128</td></tr><tr><td>March</td><td>43,940</td><td>712</td><td>1,363</td><td>165</td><td>17,199</td><td>112</td><td>8,279</td><td>1,105</td><td>410</td><td>5,605</td><td>*</td><td>3,431</td><td>5,426</td><td>133</td></tr><tr><td>April</td><td>43,278</td><td>668</td><td>1,382</td><td>165</td><td>16,869</td><td>108</td><td>8,297</td><td>1,102</td><td>365</td><td>5,597</td><td>*</td><td>3,346</td><td>5,254</td><td>124</td></tr><tr><td>May</td><td>44,203</td><td>623</td><td>1,469</td><td>165</td><td>17,279</td><td>112</td><td>8,363</td><td>1,098</td><td>326</td><td>5,586</td><td>*</td><td>3,355</td><td>5,687</td><td>126</td></tr><tr><td>June</td><td>44,756</td><td>629</td><td>1,533</td><td>165</td><td>17,227</td><td>116</td><td>8,608</td><td>1,127</td><td>429</td><td>5,762</td><td>*</td><td>3,417</td><td>5,636</td><td>126</td></tr><tr><td>July</td><td>44,061</td><td>621</td><td>1,556</td><td>165</td><td>16,547</td><td>120</td><td>8,663</td><td>1,124</td><td>251</td><td>5,732</td><td>*</td><td>3,614</td><td>5,540</td><td>127</td></tr><tr><td>August</td><td>44,723</td><td>628</td><td>1,625</td><td>165</td><td>16,843</td><td>122</td><td>8,723</td><td>1,119</td><td>91</td><td>5,722</td><td>-</td><td>3,602</td><td>5,947</td><td>129</td></tr><tr><td>September</td><td>44,400</td><td>628</td><td>1,668</td><td>165</td><td>16,678</td><td>124</td><td>8,771</td><td>1,116</td><td>-</td><td>5,715</td><td>-</td><td>3,571</td><td>5,833</td><td>131</td></tr><tr><td>October</td><td>43,596</td><td>616</td><td>1,647</td><td>165</td><td>16,096</td><td>122</td><td>8,802</td><td>1,111</td><td>-</td><td>5,707</td><td>-</td><td>3,463</td><td>5,736</td><td>132</td></tr><tr><td>November</td><td>43,582</td><td>622</td><td>1,667</td><td>165</td><td>15,892</td><td>122</td><td>8,843</td><td>1,105</td><td>-</td><td>5,700</td><td>-</td><td>3,428</td><td>5,905</td><td>133</td></tr></table>
Source: Daily Treasury statement.
1/ Consists of Canal Zone Postal Savings System beginning April 1958.
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. * Less than $500,000.
January 1960
23
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th colspan="3">Agriculture Department</th><th>Export-Import Bank of Washington 2/</th><th colspan="3">Housing and Home Finance Agency</th><th>International Cooperation Administration 5/</th><th>Reconstruction Finance Corporation 6/</th><th>Saint Lawrence Seaway Development Corp.</th><th>Tenn. Valley Authority</th><th>Veteran Administration: Direct loan program</th><th>Under Defense Production Act of 1950 2/</th><th>Other 3/</th></tr><tr><th></th><th></th><th>Commodity Credit Corporation</th><th>Rural Electrification Admin.</th><th>Secretary of Commerce: Home Admin. programs 1/</th><th></th><th>Administrator 3/</th><th>Federal National Mortgage Assoc. 4/</th><th>Public Housing Admin.</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1952</td><td>9,564</td><td>1,970</td><td>1,731</td><td>78</td><td>1,088</td><td>44</td><td>2,038</td><td>655</td><td>1,150</td><td>197</td><td>-</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>1,933</td><td>117</td><td>1,227</td><td>67</td><td>2,446</td><td>655</td><td>1,189</td><td>159</td><td>-</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>2,091</td><td>172</td><td>1,347</td><td>102</td><td>2,233</td><td>215</td><td>1,203</td><td>154</td><td>-</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>2,207</td><td>162</td><td>1,310</td><td>130</td><td>1,966</td><td>61</td><td>1,209</td><td>-</td><td>3</td><td>14</td><td>491</td><td>1,002</td><td>12</td></tr><tr><td>1956</td><td>20,049</td><td>11,190</td><td>2,343</td><td>151</td><td>1,239</td><td>165</td><td>1,994</td><td>38</td><td>1,213</td><td>-</td><td>16</td><td>-</td><td>584</td><td>1,144</td><td>11</td></tr><tr><td>1957</td><td>22,731</td><td>13,383</td><td>2,519</td><td>265</td><td>1,205</td><td>282</td><td>1,741</td><td>41</td><td>1,198</td><td>-</td><td>48</td><td>-</td><td>733</td><td>1,294</td><td>21</td></tr><tr><td>1958</td><td>21,859</td><td>11,528</td><td>2,728</td><td>256</td><td>1,528</td><td>476</td><td>1,502</td><td>35</td><td>1,188</td><td>-</td><td>97</td><td>-</td><td>780</td><td>1,723</td><td>18</td></tr><tr><td>1959</td><td>25,343</td><td>12,874</td><td>2,923</td><td>323</td><td>1,997</td><td>730</td><td>2,351</td><td>27</td><td>1,164</td><td>-</td><td>112</td><td>-</td><td>930</td><td>1,950</td><td>22</td></tr><tr><td>1958-Dec.</td><td>23,523</td><td>12,153</td><td>2,897</td><td>246</td><td>1,835</td><td>595</td><td>1,704</td><td>35</td><td>1,175</td><td>-</td><td>108</td><td>-</td><td>878</td><td>1,878</td><td>18</td></tr><tr><td>1959-Jan.</td><td>24,334</td><td>12,771</td><td>2,897</td><td>284</td><td>1,829</td><td>605</td><td>1,834</td><td>33</td><td>1,174</td><td>-</td><td>110</td><td>-</td><td>927</td><td>1,913</td><td>19</td></tr><tr><td>Feb.</td><td>25,083</td><td>13,233</td><td>2,897</td><td>335</td><td>1,869</td><td>622</td><td>1,944</td><td>30</td><td>1,173</td><td>-</td><td>110</td><td>-</td><td>927</td><td>1,923</td><td>21</td></tr><tr><td>Mar.</td><td>25,560</td><td>13,489</td><td>2,897</td><td>371</td><td>1,873</td><td>644</td><td>2,086</td><td>26</td><td>1,173</td><td>-</td><td>111</td><td>-</td><td>927</td><td>1,942</td><td>21</td></tr><tr><td>Apr.</td><td>25,974</td><td>13,730</td><td>2,962</td><td>403</td><td>1,888</td><td>646</td><td>2,147</td><td>26</td><td>1,172</td><td>-</td><td>112</td><td>-</td><td>930</td><td>1,937</td><td>21</td></tr><tr><td>May.</td><td>25,040</td><td>12,565</td><td>2,962</td><td>411</td><td>1,921</td><td>694</td><td>2,261</td><td>26</td><td>1,172</td><td>-</td><td>112</td><td>-</td><td>930</td><td>1,965</td><td>22</td></tr><tr><td>June.</td><td>25,343</td><td>12,874</td><td>2,923</td><td>323</td><td>1,937</td><td>730</td><td>2,351</td><td>27</td><td>1,164</td><td>-</td><td>112</td><td>-</td><td>930</td><td>1,950</td><td>22</td></tr><tr><td>July.</td><td>23,341</td><td>10,464</td><td>2,998</td><td>383</td><td>1,933</td><td>751</td><td>2,505</td><td>29</td><td>1,163</td><td>-</td><td>113</td><td>-</td><td>979</td><td>2,002</td><td>20</td></tr><tr><td>Aug.</td><td>23,725</td><td>10,696</td><td>2,998</td><td>409</td><td>1,945</td><td>773</td><td>2,595</td><td>31</td><td>1,163</td><td>-</td><td>113</td><td>-</td><td>979</td><td>2,002</td><td>20</td></tr><tr><td>Sept.</td><td>24,008</td><td>10,977</td><td>3,083</td><td>410</td><td>1,934</td><td>799</td><td>2,570</td><td>28</td><td>1,162</td><td>-</td><td>113</td><td>-</td><td>979</td><td>1,930</td><td>20</td></tr><tr><td>Oct.</td><td>24,285</td><td>11,277</td><td>3,083</td><td>436</td><td>1,693</td><td>833</td><td>2,670</td><td>30</td><td>1,162</td><td>-</td><td>114</td><td>-</td><td>1,029</td><td>1,937</td><td>20</td></tr><tr><td>Nov.</td><td>24,829</td><td>11,670</td><td>3,083</td><td>437</td><td>1,700</td><td>833</td><td>2,718</td><td>73</td><td>1,161</td><td>-</td><td>115</td><td>-</td><td>1,029</td><td>1,940</td><td>20</td></tr></table>
Source: Daily Treasury statement.
Note: The securities shown in this table were issued to the Treasury to finance Government corporations and other agencies with the Treasury itself raising the necessary funds through public debt operations. To avoid duplication, these securities are not included in the guaranteed debt outstanding as shown in preceding tables. The issuance of these securities is provided for by law, as "authority to expand from public debt receipts." Further detail may be found in the 1958 Annual Report of the Secretary of the Treasury, page 674, and the 1958 Combined Statement of Receipts, Expenditures and Balances of the United States Government, page 512.
1 Farm housing and other loan programs, and Farm Tenant Mortgage Insurance Fund.
2/3 Excludes securities issued under Defense Production Act.
4 Consists of notes issued to borrow for the urban renewal program (including the clearance of the city), and operating loans, the prefabricated housing loans program from September 1950, when it was transferred from the Reconstruction Finance Corporation, through November 1954; 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.
b 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 from the Administrator in accordance with the act approved August 2, 1954, and notes issued by the Association to the authority of the 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.
2/ And predecessor agencies. Beginning September 1956, figures exclude notes previously issued by the Administrator in connection with international media guarantees. The obligation of these notes was assumed by the Director of the United States Information Agency, pursuant to the act of July 14, 1951 (55 Stat. 1272). The notes issued together with others issued for the same purpose are included in "Other Excludes securities issued under Defense Production Act of 1950; includes securities issued under Federal Civil Defense Act of 1950 through November 1953, after which they were taken over by the Secretary of the Treasury, pursuant to the act approved July 30, 1953 (15 U.S.C. 609), and are listed under Section; See also footnote 4. 
Beginning September 1954, under Reorganization Plan No. 2 of 1954, the remaining securities issued by the Corporation to the Treasury were transferred as follows: $1.2 million to Export-Import Bank of Washington, $92 million to Federal National Mortgage Association, and $14 million to the Administrator. 
2/ Consists of notes of the Administrator, General Services Administration, beginning January 1951 (Administrator, Defense Materials Procurement Agency, January 1952 through July 1953) for defense materials procurement; Reconstruction Finance Corporation, January 1951 through September 1953 (after which its activities under this act were transferred to the Secretary of the Treasury), and the Secretary of the Treasury, beginning October 1953; the Secretary of the Interior (Defense Surplus Exploration Administration, beginning June 1951; the Export-Import Bank of Washington beginning April 1952; and the Secretary of Agriculture beginning June 1954. 
8/ Consists of notes issued by Secretary of the Treasury beginning December 1953 (see footnote 4); and Notes issued by the United States Information Agency beginning September 1956 (see footnote 5); Secretary of Commerce (Maritime Administration) for Federal Ship Mortgage Insurance Fund beginning February 1959; and Virgin Islands Corporation beginning September 1959.
24
Treasury Bulletin
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757 b), as amended by an act approved June 30, 1959, 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 $285 billion outstanding at any one time. The corresponding limitation in effect under the act of June 26, 1946, was $275 billion and that under the act of September 2, 1958, was $283 billion. In addition, temporary increases have been
authorized as follows: $6 billion beginning on August 28, 1954, and ending on June 30, 1956 (acts approved August 28, 1954, and June 30, 1955); $3 billion beginning on July 1, 1956, and ending on June 30, 1957 (act approved July 9, 1956); $5 billion beginning on February 26, 1958, and ending on June 30, 1959 (act approved February 26, 1958); and $10 billion beginning on July 1, 1959, and ending on June 30, 1960 (act approved June 30, 1959). Obligations issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are included in the statutory debt limitation at current redemption values.
Table 1.- Status under Limitation November 30, 1959
(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 30, 1959 (31 U.S.C. 757 b).</td><td>295,000</td></tr><tr><td colspan="2">Amount of securities outstanding subject to such statutory debt limitation:</td></tr><tr><td>U. S. Government securities issued under the Second Liberty Bond Act, as amended.</td><td>290,176</td></tr><tr><td>Guaranteed securities (excluding those held by the Treasury).</td><td>124</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>290,301</td></tr><tr><td>Balance issuable under limitation.</td><td>4,699</td></tr></table>
Source: Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding November 30, 1959
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td><b>Public debt:</b></td><td></td><td></td><td></td></tr><tr><td><b>Interest-bearing securities:</b></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>39,134</td><td>-</td><td>39,134</td></tr><tr><td>Certificates of indebtedness</td><td>19,669</td><td>-</td><td>19,669</td></tr><tr><td>Treasury notes</td><td>43,341</td><td>-</td><td>43,341</td></tr><tr><td>Treasury bonds</td><td>84,763</td><td>-</td><td>84,763</td></tr><tr><td>Panama Canal bonds</td><td>-</td><td>50</td><td>50</td></tr><tr><td>Total marketable</td><td>186,907</td><td>50</td><td>186,957</td></tr><tr><td>Nonmarketable:</td><td></td><td></td><td></td></tr><tr><td>U. S. savings bonds (current redemption value)</td><td>49,280</td><td>-</td><td>49,280</td></tr><tr><td>Depository bonds</td><td>188</td><td>-</td><td>188</td></tr><tr><td>Treasury bonds, investment series</td><td>7,736</td><td>-</td><td>7,736</td></tr><tr><td>Total nonmarketable</td><td>57,204</td><td>-</td><td>57,204</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>43,582</td><td>-</td><td>43,582</td></tr><tr><td>Total interest-bearing securities</td><td>287,692</td><td>50</td><td>287,742</td></tr><tr><td>Matured securities on which interest has ceased</td><td>377</td><td>3</td><td>380</td></tr><tr><td><b>Debt bearing no interest:</b></td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>51</td><td>-</td><td>51</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>2,055</td><td>-</td><td>2,055</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>164</td><td>164</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>2,107</td><td>360</td><td>2,467</td></tr><tr><td>Total public debt</td><td>290,176</td><td>413</td><td>290,589</td></tr><tr><td><b>Guaranteed securities: 1/</b></td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>124</td><td>-</td><td>124</td></tr><tr><td>Matured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>124</td><td>-</td><td>124</td></tr><tr><td>Total public debt and guaranteed securities</td><td>290,301</td><td>413</td><td>290,713</td></tr></table>
Source: Daily Treasury statement.
1/ Excludes guaranteed securities held by the Treasury.
January 1960
25
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding November 30, 1959
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
<table><tr><th rowspan="2">Year and month of final maturity 1/</th><th rowspan="2">Description of security</th><th colspan="3">Amount of maturities</th><th rowspan="2">Year and month of final maturity 1/</th><th colspan="3">Description of security</th><th colspan="3">Amount of maturities</th></tr><tr><th>Total</th><th>Held by - U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th><th>Total</th><th>Held by - U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th></tr><tr><td>1959 Dec.....</td><td>3.565% Bill (tax ant.) - 12/22/59</td><td>1,500</td><td>-</td><td>1,500</td><td>1961 Apr.....</td><td>1-1/2% Note - 4/1/61-EA</td><td>144</td><td>-</td><td>144</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>May.....</td><td>3-5/8% Note - 5/15/61-B</td><td>4,078</td><td>2,928</td><td>1,151</td></tr><tr><td>1960 Jan.....</td><td>3.386% Bill (special) - 1/15/60</td><td>2,006</td><td>255</td><td>1,751</td><td>June.....</td><td>3% Bond 1/ (Panama Canal loen) - 6/1/61</td><td>50</td><td>-</td><td>50</td></tr><tr><td>Feb.....</td><td>3-3/4% Certificate - 2/15/60-A 4% Note 2/ - 8/15/62-B</td><td>11,363 157</td><td>5,669 -</td><td>5,694 157</td><td>Aug.....</td><td>4% Note - 8/1/61-A</td><td>2,136</td><td>260</td><td>1,876</td></tr><tr><td>Mar.....</td><td>4.075% Bill (tax ant.) - 3/22/60</td><td>4,004</td><td>40</td><td>3,964</td><td>Sept.....</td><td>2-3/4% Bond - 9/15/61</td><td>2,239</td><td>45</td><td>2,195</td></tr><tr><td>Apr.....</td><td>3.835% Bill (special) - 4/15/60 1-1/2% Note - 4/1/60-EA</td><td>2,003 198</td><td>111 -</td><td>1,892 198</td><td>Oct.....</td><td>1-1/2% Note - 10/1/61-EO</td><td>332</td><td>-</td><td>332</td></tr><tr><td>May.....</td><td>4% Certificate - 5/15/60-B 3-1/2% Note - 5/15/60-A 3-1/4% Note - 5/15/60-B</td><td>1,269 2,406 2,738</td><td>134 267 13</td><td>1,136 2,139 2,725</td><td>Nov.....</td><td>2-1/2% Bond - 11/15/61</td><td>11,177</td><td>167</td><td>11,010</td></tr><tr><td>June.....</td><td>4.783% Bill (tax ent.) - 6/22/60</td><td>2,002</td><td>22</td><td>1,980</td><td>Total.............</td><td></td><td>20,156</td><td>3,399</td><td>16,757</td></tr><tr><td>July.....</td><td>4.728% Bill (special) - 7/15/60</td><td>2,001</td><td>8</td><td>1,993</td><td>1962 Feb.....</td><td>3-5/8% Note - 2/15/62-A 4% Note - 2/15/62-D</td><td>647 1,435</td><td>323 11</td><td>324 1,424</td></tr><tr><td>Aug.....</td><td>4-3/4% Note - 8/15/60-C</td><td>9,561</td><td>5,612</td><td>3,948</td><td>Apr.....</td><td>1-1/2% Note - 4/1/62-EA</td><td>551</td><td>-</td><td>551</td></tr><tr><td>Oct.....</td><td>1-1/2% Note - 10/1/60-EO</td><td>278</td><td>-</td><td>278</td><td>June.....</td><td>2-1/4% Bond - 6/15/59-62</td><td>5,265</td><td>520</td><td>4,745</td></tr><tr><td>Nov.....</td><td>4-3/4% Certificate - 11/15/60-C 2-1/2% Bond - 11/15/60</td><td>7,037 3,806</td><td>5,079 62</td><td>1,958 3,744</td><td>Aug.....</td><td>4% Note 2/ - 8/15/62-B</td><td>160</td><td>-</td><td>160</td></tr><tr><td>Dec.....</td><td>2-3/4% Bond 3/ - 12/1/60-65</td><td>1,485</td><td>*</td><td>1,485</td><td>Oct.....</td><td>1-1/2% Note - 10/1/62-EO</td><td>590</td><td>-</td><td>590</td></tr><tr><td>Total.............</td><td></td><td>52,315</td><td>17,274</td><td>35,041</td><td>Nov.....</td><td>3-3/4% Note - 11/15/62-C</td><td>1,113</td><td>95</td><td>1,018</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Dec.....</td><td>2-1/4% Bond - 12/15/59-62</td><td>3,454</td><td>740</td><td>2,714</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Total.............</td><td></td><td>13,245</td><td>1,689</td><td>11,556</td></tr></table>
Footnotee at end of table
(Continued on following page)
26
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding November 30, 1959 Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
<table><tr><th>Year and month of final maturity 1/</th><th colspan="3">Description of security</th><th colspan="3">Amount of maturities</th><th>Year and month of final maturity 1/</th><th colspan="3">Description of security</th><th colspan="3">Amount of maturities</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th><th></th><th></th><th></th><th></th><th>Total</th><th>U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th></tr><tr><td>1963</td><td></td><td></td><td></td><td></td><td></td><td>1970</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb....</td><td>2-5/8% Note</td><td>-</td><td>2/15/63-A</td><td>3,971</td><td>165</td><td>3,806</td><td>Mar....</td><td>2-1/2% Bond</td><td>-</td><td>3/15/65-70</td><td>4,695</td><td>1,230</td><td>3,465</td></tr><tr><td>Apr....</td><td>1-1/2% Note</td><td>-</td><td>4/1/63-EA</td><td>533</td><td>-</td><td>533</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May....</td><td>4% Note</td><td>-</td><td>5/15/63-B</td><td>1,743</td><td>103</td><td>1,640</td><td>1971</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug....</td><td>2-1/2% Bond</td><td>-</td><td>8/15/63</td><td>6,755</td><td>55</td><td>6,700</td><td>Mar....</td><td>2-1/2% Bond</td><td>-</td><td>3/15/66-71</td><td>2,943</td><td>700</td><td>2,243</td></tr><tr><td>Oct....</td><td>1-1/2% Note</td><td>-</td><td>10/1/63-20</td><td>506</td><td>-</td><td>506</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Nov....</td><td>4-7/8% Note</td><td>-</td><td>11/15/63-C</td><td>3,011</td><td>133</td><td>2,879</td><td>1972</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td></td><td>16,519</td><td>455</td><td>16,064</td><td>June....</td><td>2-1/2% Bond</td><td>-</td><td>6/15/67-72</td><td>1,822</td><td>150</td><td>1,672</td></tr><tr><td>1964</td><td></td><td></td><td></td><td></td><td></td><td>Sept....</td><td>2-1/2% Bond</td><td>-</td><td>9/15/67-72</td><td>2,716</td><td>237</td><td>2,479</td></tr><tr><td>Feb....</td><td>3% Bond</td><td>-</td><td>2/15/64</td><td>3,854</td><td>65</td><td>3,789</td><td>Dec....</td><td>2-1/2% Bond</td><td>-</td><td>12/15/67-72</td><td>3,671</td><td>226</td><td>3,445</td></tr><tr><td>Apr....</td><td>1-1/2% Note</td><td>-</td><td>4/1/64-EA</td><td>457</td><td>-</td><td>457</td><td></td><td>Total</td><td></td><td></td><td>8,209</td><td>613</td><td>7,596</td></tr><tr><td>May....</td><td>4-3/4% Note</td><td>-</td><td>5/15/64-A</td><td>4,184</td><td>2,687</td><td>1,497</td><td>1974</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug....</td><td>5% Note</td><td>-</td><td>8/15/64-B</td><td>2,316</td><td>102</td><td>2,214</td><td>Nov....</td><td>3-7/8% Bond</td><td>-</td><td>11/15/74</td><td>654</td><td>100</td><td>553</td></tr><tr><td>Oct....</td><td>1-1/2% Note</td><td>-</td><td>10/1/64-30</td><td>67</td><td>-</td><td>67</td><td>1980</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Total</td><td></td><td></td><td>10,878</td><td>2,854</td><td>8,024</td><td>Feb....</td><td>4% Bond</td><td>-</td><td>2/15/80</td><td>884</td><td>89</td><td>795</td></tr><tr><td>1965</td><td></td><td></td><td></td><td></td><td></td><td>1983</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb....</td><td>2-5/8% Bond</td><td>-</td><td>2/15/65</td><td>6,896</td><td>619</td><td>6,277</td><td>June....</td><td>3-1/4% Bond</td><td>-</td><td>6/15/78-83</td><td>1,602</td><td>144</td><td>1,458</td></tr><tr><td>1966</td><td></td><td></td><td></td><td></td><td></td><td>1985</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug....</td><td>3% Bond</td><td>-</td><td>8/15/66</td><td>1,484</td><td>109</td><td>1,375</td><td>May....</td><td>3-1/4% Bond</td><td>-</td><td>5/15/85</td><td>1,135</td><td>120</td><td>1,015</td></tr><tr><td>1967</td><td></td><td></td><td></td><td></td><td></td><td>1990</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June....</td><td>2-1/2% Bond</td><td>-</td><td>6/15/62-67</td><td>2,110</td><td>270</td><td>1,840</td><td>Feb....</td><td>3-1/2% Bond</td><td>-</td><td>2/15/90</td><td>1,727</td><td>149</td><td>1,578</td></tr><tr><td>1968</td><td></td><td></td><td></td><td></td><td></td><td>1995</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/2% Bond</td><td>-</td><td>12/15/63-68</td><td>2,818</td><td>425</td><td>2,393</td><td>Feb....</td><td>3% Bond</td><td>-</td><td>2/15/95</td><td>2,738</td><td>178</td><td>2,560</td></tr><tr><td>1969</td><td></td><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>June....</td><td>2-1/2% Bond</td><td>-</td><td>6/15/64-69</td><td>3,761</td><td>455</td><td>3,285</td><td></td><td>Total</td><td></td><td></td><td>8,832</td><td>1,136</td><td>7,696</td></tr><tr><td>Oct....</td><td>4% Bond</td><td>-</td><td>10/1/69</td><td>1,276</td><td>157</td><td>1,119</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/2% Bond</td><td>-</td><td>12/15/64-69</td><td>3,815</td><td>524</td><td>3,291</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury statement and Debt Analysis Staff in the Office of the Secretary. 1/ Except partially tax-exempt bonds, which are shown at first call date. For date of issue of each security, see "Market Quotations." 2/ Redeemable at option of holder on February 15, 1960, on 3 months
notice. Holders of $157 million have exercised their option to redeem; the remaining $160 million will mature August 15, 1962 (see also Table 6, footnote 17). 2/ Income is partially exempt from income tax. 4/ Income is wholly exempt from income tax. * Less than $500,000.
January 1960
27
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
<table><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity 1/</th><th>Description of new issues Amount of bids tendered</th><th colspan="3">Amount of bids accepted</th><th>Amount maturing on issue date of new offering</th><th>Total of unfristed issues outstanding after new issues</th></tr><tr><th colspan="9">Regular weekly bills:</th></tr><tr><td>1959-Sept. 3</td><td>1959-Dec. 3 1960-Mar. 3</td><td>91 182</td><td>1,836.5 807.9</td><td>1,099.8 400.3</td><td>894.2 361.7</td><td>205.7 38.6</td><td>81.9 24.1</td><td>1,100.6 400.1</td><td>14,809.1 10,804.8</td></tr><tr><td>Sept. 10</td><td>1959-Dec. 10 1960-Mar. 10</td><td>91 182</td><td>1,868.5 885.1</td><td>1,200.1 400.1</td><td>997.7 357.6</td><td>202.4 42.5</td><td>31.7 23.7</td><td>1,200.0 400.3</td><td>14,809.2 10,804.6</td></tr><tr><td>Sept. 17</td><td>1959-Dec. 17 1960-Mar. 17</td><td>91 182</td><td>1,933.4 710.7</td><td>1,200.3 399.9</td><td>904.9 346.3</td><td>295.4 53.6</td><td>84.0 22.1</td><td>1,200.7 400.0</td><td>14,808.7 10,804.4</td></tr><tr><td>Sept. 24</td><td>1959-Dec. 24 1960-Mar. 24</td><td>91 182</td><td>1,844.3 704.9</td><td>1,200.6 400.3</td><td>908.7 342.9</td><td>291.9 57.4</td><td>72.1 22.8</td><td>1,200.1 400.1</td><td>14,809.3 10,804.6</td></tr><tr><td>Oct. 1</td><td>1959-Dec. 31 1960-Mar. 31</td><td>91 182</td><td>1,949.3 707.7</td><td>1,099.8 400.4</td><td>898.0 353.7</td><td>201.8 46.7</td><td>134.2 21.7</td><td>1,100.1 400.1</td><td>14,809.0 10,804.6</td></tr><tr><td>Oct. 8</td><td>Jan. 7</td><td>91 182</td><td>1,754.8 777.8</td><td>1,200.0 405.1</td><td>993.4 351.8</td><td>206.7 53.4</td><td>188.5 21.7</td><td>1,201.2 400.0</td><td>14,807.8 10,810.0</td></tr><tr><td>Oct. 15</td><td>Jan. 14 Apr. 14</td><td>91 182</td><td>1,769.1 711.4</td><td>1,200.9 400.3</td><td>1,006.8 359.2</td><td>194.1 41.1</td><td>11.0 1.6</td><td>1,200.1 400.0</td><td>14,808.6 10,810.3</td></tr><tr><td>Oct. 22</td><td>Jan. 21 Apr. 21</td><td>91 182</td><td>1,897.7 700.1</td><td>1,000.1 400.1</td><td>762.1 345.6</td><td>258.0 54.5</td><td>100.4 23.2</td><td>1,000.2 400.1</td><td>14,802.5 10,810.4</td></tr><tr><td>Oct. 29</td><td>Jan. 28 Apr. 28</td><td>91 182</td><td>1,676.7 763.9</td><td>1,000.0 400.8</td><td>787.9 355.2</td><td>212.1 45.6</td><td>80.2 15.1</td><td>1,000.0 400.2</td><td>14,802.5 10,810.9</td></tr><tr><td>Nov. 5</td><td>Feb. 4 May 5</td><td>91 182</td><td>1,931.7 732.1</td><td>1,000.3 400.1</td><td>786.4 355.4</td><td>213.8 44.7</td><td>231.8 44.5</td><td>1,000.5 400.0</td><td>14,802.2 10,811.0</td></tr><tr><td>Nov. 12</td><td>Feb. 11 May 12</td><td>91 182</td><td>1,913.5 674.8</td><td>1,200.5 400.2</td><td>923.1 349.4</td><td>277.4 50.8</td><td>150.6 21.7</td><td>1,200.1 400.2</td><td>14,802.6 10,811.0</td></tr><tr><td>Nov. 19</td><td>Feb. 18 May 19</td><td>91 182</td><td>1,896.0 803.3</td><td>1,200.6 403.3</td><td>923.1 349.6</td><td>247.5 53.7</td><td>159.4 27.9</td><td>1,200.2 400.2</td><td>14,803.0 10,811.1</td></tr><tr><td>Nov. 27</td><td>Feb. 25 May 26</td><td>90 181</td><td>1,956.8 726.2</td><td>1,200.2 400.1</td><td>976.7 354.5</td><td>223.5 45.6</td><td>212.5 43.0</td><td>1,200.0 400.0</td><td>14,803.2 10,812.2</td></tr><tr><td>Dec. 3</td><td>Mar. 3 June 2</td><td>91 182</td><td>1,823.0 733.8</td><td>1,100.9 400.5</td><td>899.3 364.5</td><td>201.6 36.0</td><td>137.9 22.0</td><td>1,099.8 400.2</td><td>14,804.3 10,812.4</td></tr><tr><td>Dec. 10</td><td>Mar. 10 June 9</td><td>91 182</td><td>2,017.9 889.0</td><td>1,200.7 500.2</td><td>945.7 447.1</td><td>255.0 53.1</td><td>81.9 22.0</td><td>1,200.1 500.1</td><td>14,805.0 10,812.5</td></tr><tr><td>Dec. 17</td><td>Mar. 17 June 16</td><td>91 182</td><td>2,016.7 983.9</td><td>1,200.1 500.0</td><td>902.8 431.2</td><td>297.4 68.8</td><td>20.2 5.4</td><td>1,200.3 500.1</td><td>14,804.8 10,812.4</td></tr><tr><td>Dec. 24</td><td>Mar. 24 June 23</td><td>91 182</td><td>1,930.6 760.3</td><td>1,201.3 500.0</td><td>906.3 435.2</td><td>395.0 64.8</td><td>91.0 23.3</td><td>1,200.6 500.2</td><td>14,805.5 10,812.2</td></tr><tr><td>Dec. 31</td><td>Mar. 31 June 30</td><td>91 182</td><td>2,064.4 735.1</td><td>1,100.2 499.9</td><td>888.2 459.9</td><td>212.1 40.0</td><td>8.3 4.7</td><td>1,099.8 500.0</td><td>14,805.9 10,812.2</td></tr><tr><th colspan="9">Tax anticipation bills:</th></tr><tr><td>1959-May 15</td><td>1959-Dec. 22</td><td>221</td><td>1,699.2</td><td>1,499.8</td><td>1,389.9</td><td>109.9</td><td>-</td><td>-</td><td>5,998.3</td></tr><tr><td>July 8</td><td>1960-Mar. 22</td><td>258</td><td>4,304.4 3,215.2</td><td>3,005.2 998.9</td><td>2,673.8 767.7</td><td>331.4 231.2</td><td>-</td><td>-</td><td>3,001.6 6,006.8 7,005.7</td></tr><tr><td>Aug. 19</td><td>Mar. 22</td><td>216</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,503.9</td></tr><tr><td>Oct. 21</td><td>June 22</td><td>245</td><td>3,781.0</td><td>2,002.2</td><td>1,717.3</td><td>285.0</td><td>-</td><td>1,501.8 5/</td><td>7,506.2 6,006.4</td></tr><tr><td>1960-Jan. 8</td><td>June 22</td><td>166</td><td>4,084.6</td><td>2,016.0</td><td>1,647.5</td><td>368.5</td><td>-</td><td>1,499.8 5/</td><td>8,022.4</td></tr><tr><th colspan="9">Special bills:</th></tr><tr><td>1959-Apr. 1</td><td>1960-Jan. 15</td><td>289</td><td>3,444.9</td><td>2,006.2</td><td>1,733.3</td><td>272.9</td><td>-</td><td>-</td><td>4,741.6</td></tr><tr><td>May 11</td><td>Apr. 15</td><td>340</td><td>3,443.9</td><td>2,003.3</td><td>1,703.4</td><td>299.9</td><td>-</td><td>2,735.4 2/</td><td>6,744.9 4,009.5</td></tr><tr><td>July 15</td><td>July 15</td><td>366</td><td>3,173.4</td><td>2,000.9</td><td>1,813.7</td><td>187.2</td><td>-</td><td>-</td><td>6,010.4</td></tr><tr><td>Dec. 2p</td><td>Oct. 17</td><td>320</td><td>3,971.2</td><td>2,006.6</td><td>1,606.9</td><td>399.7</td><td>-</td><td>-</td><td>8,016.9</td></tr><tr><td>1960-Jan. 15p</td><td>1961-Jan. 15</td><td>366</td><td>2,303.1</td><td>1,502.1</td><td>1,152.4</td><td>349.7</td><td>-</td><td>2,006.2</td><td>7,512.8</td></tr></table>
(Continued on following page)
Sources: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in daily Treasury statement.
1/ The 13-week bills represent additional issues of bills with an original maturity of 26 weeks.
2/ For 13-week issues, tenders for $200,000 or less from any one bidder are accepted in full at average price on accepted competitive bids; for
other issues, the corresponding amount is stipulated in each offering announcement, June 22, 1959, maturity. Reopening of previous issue. September 21, 1959, maturity. December 22, 1959, maturity. May 15, 1959, maturity.
28
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills - (Continued)
<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 g/</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th>Regular weekly bills:</th><th></th><th>(Percent)</th><th>Price per hundred</th><th>Equivalent rate g/</th><th>Price per hundred</th><th>Equivalent rate g/</th></tr><tr><td>1959-Sept. 3</td><td>(99.017 97.761</td><td>3.889 4.468</td><td>99.050 97.803</td><td>3.758 4.346</td><td>98.995 97.724</td><td>3.976 4.502</td></tr><tr><td>Sept. 10</td><td>98.931 97.739</td><td>3.979 4.473</td><td>99.002 97.750</td><td>3.948 4.451</td><td>98.977 97.730</td><td>4.047 4.490</td></tr><tr><td>Sept. 17</td><td>98.947 97.575</td><td>4.166 4.796</td><td>98.964 97.602</td><td>4.098 4.743</td><td>98.926 97.524</td><td>4.249 4.898</td></tr><tr><td>Sept. 24</td><td>99.000 97.591</td><td>3.957 4.766</td><td>99.007 97.609</td><td>3.928 4.729</td><td>98.976 97.578</td><td>4.051 4.791</td></tr><tr><td>Oct. 1</td><td>98.940 97.526</td><td>4.194 4.894</td><td>98.961 97.550</td><td>4.110 4.846</td><td>98.927 97.482</td><td>4.245 4.981</td></tr><tr><td>Oct. 8</td><td>98.987 97.635</td><td>4.007 4.678</td><td>99.011 97.644</td><td>3.913 4.660</td><td>98.957 97.625</td><td>4.126 4.698</td></tr><tr><td>Oct. 15</td><td>98.923 97.641</td><td>4.262 4.666</td><td>98.945 97.670</td><td>4.174 4.609</td><td>98.894 97.616</td><td>4.375 4.716</td></tr><tr><td>Oct. 22</td><td>98.964 97.730</td><td>4.099 4.490</td><td>98.971 97.742</td><td>4.071 4.466</td><td>98.960 97.711</td><td>4.114 4.522</td></tr><tr><td>Oct. 29</td><td>98.983 97.726</td><td>4.023 4.499</td><td>99.000 97.735</td><td>3.956 4.480</td><td>98.972 97.720</td><td>4.067 4.510</td></tr><tr><td>Nov. 5</td><td>98.964 97.757</td><td>4.137 4.437</td><td>98.971 97.785</td><td>4.071 4.381</td><td>98.917 97.733</td><td>4.166 4.484</td></tr><tr><td>Nov. 12</td><td>98.966 97.708</td><td>4.089 4.534</td><td>98.988 97.730</td><td>4.004 4.490</td><td>98.953 97.679</td><td>4.112 4.591</td></tr><tr><td>Nov. 19</td><td>98.905 97.602</td><td>4.332 4.744</td><td>98.935 97.628</td><td>4.213 4.692</td><td>98.888 97.590</td><td>4.399 4.767</td></tr><tr><td>Nov. 27</td><td>98.930 97.675</td><td>4.279 4.625</td><td>98.945 97.694</td><td>4.220 4.587</td><td>98.925 97.656</td><td>4.300 4.662</td></tr><tr><td>Dec. 3</td><td>98.862 97.527</td><td>4.501 4.891</td><td>98.875 97.540</td><td>4.451 4.866</td><td>98.853 97.514</td><td>4.538 4.917</td></tr><tr><td>Dec. 10</td><td>98.828 97.488</td><td>4.638 4.969</td><td>98.836 97.502</td><td>4.605 4.941</td><td>98.824 97.478</td><td>4.652 4.989</td></tr><tr><td>Dec. 17</td><td>98.854 97.556</td><td>4.535 4.834</td><td>98.862 97.572</td><td>4.502 4.803</td><td>98.850 97.548</td><td>4.549 4.850</td></tr><tr><td>Dec. 24</td><td>98.830 97.502</td><td>4.669 4.940</td><td>98.837 97.520</td><td>4.601 4.905</td><td>98.812 97.478</td><td>4.700 4.989</td></tr><tr><td>Dec. 31</td><td>98.858 97.502</td><td>4.517 4.942</td><td>98.865 97.532</td><td>4.490 4.882</td><td>98.854 97.474</td><td>4.534 4.996</td></tr><tr><th>Tax anticipation bills:</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1959-May 15</td><td>97.811</td><td>3.561</td><td>97.851</td><td>3.501</td><td>97.756</td><td>3.655</td></tr><tr><td>July 8</td><td>97.080</td><td>4.075</td><td>97.239</td><td>3.853</td><td>97.033</td><td>4.140</td></tr><tr><td>Aug. 19</td><td>97.768</td><td>3.719</td><td>97.810</td><td>3.650</td><td>97.752</td><td>3.747</td></tr><tr><td>Oct. 21</td><td>96.765</td><td>4.783</td><td>96.854</td><td>4.623</td><td>96.715</td><td>4.827</td></tr><tr><td>1960-Jan. 8</td><td>97.821</td><td>4.726</td><td>97.865</td><td>4.630</td><td>97.810</td><td>4.769</td></tr><tr><th>Special bills:</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1959-Apr. 1</td><td>97.282</td><td>3.386</td><td>97.391</td><td>2.250</td><td>97.242</td><td>3.436</td></tr><tr><td>May 11</td><td>96.378</td><td>3.853</td><td>96.468</td><td>3.740</td><td>96.350</td><td>3.865</td></tr><tr><td>July 15</td><td>95.193</td><td>4.728</td><td>95.580</td><td>4.348</td><td>95.100</td><td>4.820</td></tr><tr><td>Dec. 2p</td><td>95.680</td><td>4.889</td><td>95.835</td><td>4.686</td><td>95.651</td><td>4.893</td></tr><tr><td>1960-Jan. 15p</td><td>94.849</td><td>5.067</td><td>94.927</td><td>4.990</td><td>94.764</td><td>5.150</td></tr></table>
Footnote 4 on preceding page.
8/ Bank discount basis.
9/ Except $700,000 at 99.204.
10/ Except $165,000 at 97.901.
11/ Except $8,000 at 99.012.
12/ Except $500,000 at 99.014, $400,000 at 98.994, and $100,000 at 98.990.
13/ Except $100,000 at 97.624 and $1,000 at 97.730.
14/ Except $600,000 at 99.020.
15/ Except $2,000,000 at 99.000.
16/ Except $100,000 at 97.583, and $1,000 at 97.573.
17/ Except $150,000 at 99.014, $50,000 at 98.989, $100,000 at 98.960, and $20,000 at 98.950.
18/ Except $300,000 at 97.700, $900,000 at 97.694, and $1,005,000 at 97.686.
19/ Except $230,000 at 98.934.
20/ Except $500,000 at 97.750.
21/ Except $787,000 at 98.983.
22/ Except $200,000 at 98.966, and $50,000 at 98.943.
23/ Except $1,000,000 at 97.750, $100,000 at 97.690, $100,000 at 97.650, and $10,000 at 97.635.
2a) Except $680,000 at 98.945, $600,000 at 98.925, $10,000 at 98.912, and $200,000 at 98.888.
2b) Except $300,000 at 97.673, and $10,000 at 97.561.
2c) Except $5,000,000 at 98.882, $90,000 at 98.861, and $200,000 at 98.858.
2d) Except $50,000 at 98.900.
2e) Except $350,000 at 98.925, $2,000 at 98.855, and $200,000 at 98.854.
2f) Except $2,000 at 97.460, $500,000 at 97.597, and $50,000 at 97.556.
2g) Except $15,000,000 at 97.888.
2h) Except $300,000 at 98.000.
2i) Except $500,000 at 97.428, $500,000 at 97.447, and $200,000 at 96.911.
2j) Except $625,000 at 97.879.
2k) Except $600,000 at 97.544, and $50,000 at 97.421.
2l) Except $1,300,000 at 96.500.
2m) Except $100,000 at 95.795, $10,000 at 95.750, $100,000 at 95.703, $200,000 at 95.681, and $200,000 at 95.650.
2n) Except $200,000 at 96.082, $200,000 at 95.961, $25,000 at 95.940, $200,000 at 95.891, and $100,000 at 95.667.
2o) Except $2,000 at 95.440, $4,000 at 95.250, $305,000 at 95.171, and $69,000 at 95.000.
p Preliminary.
January 1960
29
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issues</th><th>Number of days to maturity</th><th>Amount of bids tendered</th><th>Amount of bids accepted</th><th>Average rate on bids accepted 1/</th><th>New money increases, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th></th><th></th><th></th><th></th><th>(Percent)</th><th></th></tr><tr><td>1953-Apr. 23</td><td>1953-July 23</td><td>91</td><td>$ 2,202</td><td>$ 1,501</td><td>2.320</td><td>$ 100</td></tr><tr><td>May 7</td><td>Aug. 6</td><td>91</td><td>2,166</td><td>1,500</td><td>2.352</td><td>200</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></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></tr><tr><td>June 4</td><td>Sept. 3</td><td>91</td><td>1,782</td><td>1,500</td><td>2.416</td><td>199</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></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></tr><tr><td>June 25</td><td>Sept. 24</td><td>91</td><td>1,985</td><td>1,500</td><td>1.954</td><td>300</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></tr><tr><td>July 9</td><td>Oct. 8</td><td>91</td><td>2,167</td><td>1,501</td><td>2.107</td><td>100</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></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></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></tr><tr><td>July 14</td><td>Oct. 13</td><td>91</td><td>2,258</td><td>1,600</td><td>1.606</td><td>100</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></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></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></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></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></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></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></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></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></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></tr><tr><td>Sept. 29</td><td>Dec. 29</td><td>91</td><td>2,317</td><td>1,601</td><td>2.122</td><td>101</td></tr><tr><td>1957-Jan. 31</td><td>1957-May 2</td><td>91</td><td>2,624</td><td>1,700</td><td>3.283</td><td>99</td></tr><tr><td>Feb. 7</td><td>May 9</td><td>91</td><td>2,626</td><td>1,700</td><td>3.133</td><td>99</td></tr><tr><td>Feb. 14</td><td>May 16</td><td>91</td><td>2,719</td><td>1,700</td><td>3.057</td><td>99</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></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></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></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></tr><tr><td>Dec. 19</td><td>1958-Mar. 20</td><td>91</td><td>2,348</td><td>1,700</td><td>3.120</td><td>100</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></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></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></tr><tr><td>Jan. 16</td><td>Apr. 17</td><td>91</td><td>2,682</td><td>1,701</td><td>2.591</td><td>100</td></tr><tr><td>Jan. 23</td><td>Apr. 24</td><td>91</td><td>2,751</td><td>1,702</td><td>2.587</td><td>100</td></tr><tr><td>Mar. 13</td><td>June 12</td><td>91</td><td>2,436</td><td>1,700</td><td>1.532</td><td>-100</td></tr><tr><td>Sept. 11</td><td>Dec. 11</td><td>91</td><td>2,550</td><td>1,800</td><td>2.359</td><td>100</td></tr><tr><td>Sept. 18</td><td>Dec. 18</td><td>91</td><td>2,636</td><td>1,800</td><td>2.604</td><td>99</td></tr><tr><td>Sept. 25</td><td>Dec. 26</td><td>92</td><td>2,576</td><td>1,800</td><td>2,511</td><td>99</td></tr><tr><td>Oct. 2</td><td>1959-Jan. 2</td><td>92</td><td>2,291</td><td>1,801</td><td>2.920</td><td>101</td></tr><tr><td>Oct. 9</td><td>Jan. 8</td><td>91</td><td>2,382</td><td>1,800</td><td>2.668</td><td>100</td></tr><tr><td>Oct. 16</td><td>Jan. 15</td><td>91</td><td>3,088</td><td>1,803</td><td>2.927</td><td>104</td></tr><tr><td>Oct. 23</td><td>Jan. 22</td><td>91</td><td>2,987</td><td>1,800</td><td>2.804</td><td>99</td></tr><tr><td>Oct. 30</td><td>Jan. 29</td><td>91</td><td>2,872</td><td>1,803</td><td>2.647</td><td>102</td></tr><tr><td>Nov. 6</td><td>Feb. 5</td><td>91</td><td>2,814</td><td>1,802</td><td>2.649</td><td>102</td></tr><tr><td>Nov. 13</td><td>Feb. 13</td><td>92</td><td>2,857</td><td>1,801</td><td>2.774</td><td>101</td></tr><tr><td>Dec. 11</td><td>Mar. 12</td><td>91</td><td>2,407</td><td>1,600</td><td>2.805</td><td>200</td></tr><tr><td>Dec. 18</td><td>Mar. 19</td><td>91</td><td>2,476</td><td>1,600</td><td>2.904</td><td>200</td></tr><tr><td>Dec. 26</td><td>Mar. 26</td><td>90</td><td>2,394</td><td>1,601</td><td>2.739</td><td>201</td></tr><tr><td>1959-Jan. 2</td><td>Apr. 2</td><td>90</td><td>2,479</td><td>1,600</td><td>2.690</td><td>199</td></tr><tr><td>Jan. 8</td><td>Apr. 9</td><td>91</td><td>2,508</td><td>1,599</td><td>2.678</td><td>199</td></tr><tr><td>Jan. 15</td><td>Apr. 16</td><td>91</td><td>2,178</td><td>1,600</td><td>2.808</td><td>197</td></tr><tr><td></td><td>July 16</td><td>182</td><td>734</td><td>401</td><td>3.034</td><td></td></tr></table>
Footnote at end of table.
(Continued on following page)
30
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills - (Continued)
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issue</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/</th><th rowspan="2">New money increase, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th></tr><tr><td>1959-Mar. 5</td><td>1959-June 4 (Sept. 3)</td><td>91 182</td><td>$2,090 724</td><td>$1,500 400</td><td>(Percent) 2.816 3.111</td><td>$101</td></tr><tr><td>Mar. 12 2/</td><td>June 11 (Sept. 10)</td><td>91 182</td><td>2,254 967</td><td>1,301 400</td><td>3.062 3.375</td><td>101</td></tr><tr><td>Mar. 19</td><td>June 18 (Sept. 17)</td><td>91 182</td><td>2,019 727</td><td>1,301 400</td><td>2.763 3.058</td><td>100</td></tr><tr><td>Mar. 26</td><td>June 25 (Sept. 24)</td><td>91 182</td><td>2,122 671</td><td>1,300 400</td><td>2.766 3.093</td><td>100</td></tr><tr><td>Aug. 13</td><td>1959-Nov. 12 (1960-Feb. 11)</td><td>91 182</td><td>1,866 875</td><td>1,200 400</td><td>3.150 3.690</td><td>199</td></tr><tr><td>Aug. 20</td><td>1959-Nov. 19 (1960-Feb. 18)</td><td>91 182</td><td>1,853 790</td><td>1,200 400</td><td>3.417 3.782</td><td>199</td></tr><tr><td>Aug. 27</td><td>1959-Nov. 27 (1960-Feb. 25)</td><td>92 182</td><td>1,964 693</td><td>1,200 400</td><td>3.822 4.152</td><td>204</td></tr></table>
Source: See Table 2. Information in Table 3 covers bill offerings January 2, 1953, through December 31, 1959. 1/ Equivalent average rate on bank discount basis.
2/ Beginning March 12, 1959, the 13-week bills represent additional issues of bills with an original maturity of 26 weeks.
January 1960
31
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Date subscription books opened or bill tenders received</th><th>Date of issue</th><th>Description of security 1/</th><th>Period to final maturity (years, months, days) 2/</th><th>Amount of subscriptions tendered</th><th>Amount issued</th><th>Allocation ratio</th></tr><tr><th></th><th></th><th></th><th></th><th>Cash 3/ Exchange</th><th>For cash 3/ In exchange 4/</th><th></th></tr><tr><td>2/2/53</td><td>2/15/53 2/15/53</td><td>2-1/4% Certificate 2-1/2% Bond</td><td>2/15/54-A 12/15/58</td><td>5y 10m</td><td>- $8,111 $620</td><td>$8,114 $620</td><td>100</td></tr><tr><td>5/</td><td>4/1/53 5/1/53</td><td>1-1/2% Note 3-1/4% Bond</td><td>4/1/58-EA 6/15/78-B</td><td>5y 30y 1m</td><td>- 383 5,250 418 6/</td><td>- 383 1,188 418 6/</td><td>100 100 100</td></tr><tr><td>5/20/53</td><td>6/1/53 6/3/53</td><td>2-5/8% Certificate 2.38% Bill</td><td>6/1/54-B 9/18/53 - Tax ent. 8/ (At auction)</td><td>1y 107d</td><td>- 4,858 1,676</td><td>- 4,858 800</td><td>100</td></tr><tr><td>7/6/53</td><td>7/15/53 7/15/53</td><td>2-1/2% Certificate 2-5/8% Certificate</td><td>3/22/54-C - Tax ent. 2/ 8/15/54-D</td><td>8m 1y</td><td>8,687 2,788</td><td>5,902 2,788</td><td>100</td></tr><tr><td>8/5/53</td><td>9/15/53 9/15/53</td><td>2-5/8% Certificate 2-7/8% Note</td><td>9/15/54-E 3/15/57-A</td><td>1y 3y 6m</td><td>- 4,724 2,997</td><td>- 4,724 2,997</td><td>100</td></tr><tr><td>9/2/53</td><td>5/</td><td>10/1/53</td><td>1-1/2% Note</td><td>10/1/58-E0</td><td>5y</td><td>121</td><td>121</td><td>100</td></tr><tr><td>10/28/53</td><td>11/9/53 12/1/53</td><td>2-3/4% Bond 1-7/8% Note</td><td>9/15/61 12/15/54-B</td><td>7y 10m 1y 8m</td><td>12,543 -</td><td>2,339 -</td><td>100</td></tr><tr><td>11/18/53</td><td>2/15/53 2/15/54</td><td>2-1/2% Bond 1-5/8% Certificate</td><td>12/15/58 - Reopening 2/15/55-A</td><td>5y 5m 1y 7y 9m</td><td>- 8,175 1,748 7,007 11,177</td><td>- 8,175 1,748 7,007 11,177</td><td>100</td></tr><tr><td>2/1/54</td><td>2/15/54 2/15/54</td><td>2-1/2% Bond</td><td>11/15/61</td><td>9d</td><td>2,717</td><td>1,501</td><td>100</td></tr><tr><td>3/16/54</td><td>3/22/54</td><td>.956% Bill</td><td>6/24/54 - Tax ent. 8/ (At auction)</td><td>52d</td><td>2,987</td><td>1,001</td><td>100</td></tr><tr><td>4/21/54</td><td>4/27/54 4/1/54 5/17/54</td><td>.726% Bill 1-1/2% Note 1-7/8% Note</td><td>6/18/54 - Tax ent. 8 (At auction) 4/1/59-EA 2/15/59-A</td><td>5y 4y 9m</td><td>9,750 -</td><td>119 - 2,205</td><td>100 12/</td></tr><tr><td>5/</td><td>5/17/54</td><td>1-1/8% Certificate</td><td>5/17/55-B</td><td>1y</td><td>2,897 3,886</td><td>2,897 3,886</td><td>100</td></tr><tr><td>7/21/54</td><td>8/2/54 8/15/54 8/15/54</td><td>1% Certificate 1-1/8% Certificate 2-1/8% Bond</td><td>3/22/55-B - Tax ent. 2/ 8/15/55-D 11/15/60</td><td>7m 1y 6y 3m</td><td>9,250 - 3,558 3,806</td><td>3,734 - 3,558 3,806</td><td>13/ 100</td></tr><tr><td>8/3/54</td><td>10/4/54 10/1/54</td><td>1-5/8% Note 1-1/2% Note</td><td>5/15/57-B 10/1/59-E0</td><td>2y 7m 5y</td><td>8,190 99</td><td>4,155 99</td><td>14/ 100</td></tr><tr><td>9/23/54</td><td>11/22/54 12/15/54 12/15/54</td><td>1-1/8% Certificate 1-1/4% Certificate 2-1/2% Bond</td><td>8/15/55-D - Reopening 12/15/55-E 8/15/63</td><td>8m 8y 8m</td><td>- 4,919 5,359 6,755</td><td>- 4,919 5,359 6,755</td><td>100</td></tr><tr><td>2/1/55</td><td>2/15/55 2/15/55 2/15/55</td><td>1-5/8% Note 2% Note 3% Bond</td><td>3/15/56-A 8/15/57-C 2/15/95</td><td>1y 1m 2y 6m 40y</td><td>8,472 3,792 1,924</td><td>8,472 3,792 1,924</td><td>100</td></tr><tr><td>3/22/55</td><td>4/1/55 4/1/55</td><td>1-3/8% Certificate 1-1/2% Note</td><td>6/22/55-F - Tax ent. 2/ 4/1/60-EA</td><td>2m 5y</td><td>7,938 198</td><td>3,210 198</td><td>13/ 100</td></tr><tr><td>5/3/55</td><td>5/17/55 7/18/55 7/11/55</td><td>2% Note 1-7/8% Certificate 3% Bond</td><td>8/15/56-B 3/22/56-A - Tax ent. 2/ 2/15/95 - Reopening</td><td>1y 3m 8m 3y 7m</td><td>3,989 10,620 1,720</td><td>2,532 2,202 821</td><td>15/ 16/ 17/</td></tr><tr><td>7/20/55</td><td>8/1/55 5/17/55</td><td>2% Certificate Note</td><td>6/22/56-B - Tax ent. 2/ 8/15/56-B - Reopening</td><td>10m 1y</td><td>14,86 6,841</td><td>1,486 6,841</td><td>100</td></tr><tr><td>10/3/55</td><td>10/11/55 10/1/55</td><td>2-1/4% Certificate 1-1/2% Note</td><td>6/22/56-C - Tax ent. 2/ 10/1/60-E0</td><td>8m 5y</td><td>8,778 278</td><td>2,970 278</td><td>18/ 100</td></tr><tr><td>11/28/55</td><td>12/1/55 12/1/55</td><td>2-5/8% Certificate 2-7/8% Note</td><td>12/1/56-D 6/15/58-A</td><td>1y 2y 6m</td><td>9,083 2,283</td><td>9,083 2,283</td><td>100</td></tr><tr><td>12/8/55</td><td>12/15/55 3/5/56 4/1/56 7/16/56 8/6/56</td><td>2.465% Bill 2-5/8% Certificate 2-7/8% Note 1-1/2% Note 2-3/4% Note</td><td>3/23/56 - Tax ent. 8/ (At auction) 2/15/57-A 6/15/58-A - Reopening 4/1/61-EA 8/1/57-D</td><td>99d 11m 2y 3m 5y 1y 8m</td><td>4,130 7,219 2,109 144 12,056</td><td>1,501 7,219 2,109 144 12,056</td><td>100 100 100 100 100</td></tr><tr><td>10/10/56</td><td>10/17/56 11/16/56</td><td>2.627% Bill 2.617% Bill</td><td>1/16/57 - Special (At auction) 2/15/57 - Special (At auction)</td><td>91d 91d</td><td>4,761 4,637</td><td>1,603 1,750</td><td>13/ 100</td></tr><tr><td>11/19/56</td><td>12/1/56 12/1/56</td><td>3-1/4% Certificate 3-1/4% Certificate</td><td>6/24/57-C - Tax ent. 2/ 10/1/57-D</td><td>10m 10m</td><td>1,312 7,271</td><td>1,312 7,271</td><td>100</td></tr><tr><td>12/12/56</td><td>12/17/56</td><td>2.58% Bill</td><td>3/22/57 - Tax ent. 8/ (At auction)</td><td>95d</td><td>3,786</td><td>1,006</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Date subscription books opened or bill tenders received</th><th>Date of issue</th><th>Description of security 1/</th><th>Period to final maturity (years, months, days) 2/</th><th>Amount of subscriptions tendered</th><th>Amount issued</th><th>Ailotment ratio</th></tr><tr><th></th><th></th><th></th><th></th><th>Cash 2/ Exchange</th><th>For caeb 3/ In exchange 4/</th><th></th></tr><tr><td>1/11/57</td><td>1/16/57</td><td>3.305% Bill</td><td>- 6/24/57 - Tax ant. 8/ (At auction.)</td><td>159d</td><td>2,414 -</td><td>1,601 20/ -</td><td></td></tr><tr><td>2/4/57</td><td>2/15/57 { 2/15/57 3-3/8% Certificate - 2/14/58-A - 5/15/60-A</td><td></td><td>ly 3m</td><td>- 8,414 1,464</td><td>-</td><td>8,414 1,464</td><td>100</td></tr><tr><td>2/7/57</td><td>2/15/57 2.231% Bill</td><td>- 6/24/57 - Tax ant. 8/ (At auction.)</td><td>129d</td><td>2,302 -</td><td>1,750 20/ -</td><td></td><td></td></tr><tr><td>3/16/57</td><td>2/15/57 { 2/15/57 3-3/8% Certificate - 2/14/58-A - Reopening 5/15/60-A - Reopening</td><td></td><td>100m 3y 18m</td><td>7,489 5,868</td><td>2,437 942</td><td>-</td><td>21/</td></tr><tr><td>2/</td><td>4/1/57 1-1/2% Note</td><td>- 4/1/62-8A</td><td>5y</td><td>551 -</td><td>551 -</td><td>551 -</td><td>100</td></tr><tr><td>5/6/57</td><td>5/1/57 { 5/1/57 3-1/2% Certificate - 4/15/58-B - 2/15/62-A</td><td></td><td>114m 4y 9m</td><td>2,351 647</td><td>-</td><td>2,351 647</td><td>100</td></tr><tr><td>5/22/57</td><td>5/27/57 2.825% Bill</td><td>- 9/23/57 - Tax ant. 8/ (At auction.)</td><td>119d</td><td>3,689 -</td><td>1,501 -</td><td></td><td></td></tr><tr><td>6/26/57</td><td>7/3/57 3.485% Bill</td><td>- 3/24/58 - Tax ant. 8/ (At auction.)</td><td>264d</td><td>4,547 -</td><td>3,002 -</td><td></td><td></td></tr><tr><td>7/22/57</td><td>8/1/57 { 8/1/57 3-5/8% Certificate - 8/1/58-C - 8/1/61-A 22/</td><td></td><td>4m ly 4y</td><td>100 100 100</td><td>100 100 100</td><td>9,871 10,487 2,509</td><td>100 22/</td></tr><tr><td>8/14/57</td><td>8/21/57 4.173% Bill</td><td>- 4/15/58 - Special (At auction.)</td><td>237d</td><td>3,178 -</td><td>1,751 -</td><td></td><td></td></tr><tr><td>9/16/57</td><td>8/1/57 { 8/1/57 4.5% Certificate - 9/1/58-C - 9/1/61-62 2A/</td><td></td><td>10m 4y 11m</td><td>3,067 6,121 4,648</td><td>933 2,000 657</td><td>-</td><td>25/ 26/</td></tr><tr><td>5/</td><td>10/1/57 1-1/2% Note</td><td>- 10/1/62-E0</td><td>5y</td><td>590 -</td><td>590 -</td><td></td><td>100</td></tr><tr><td>11/20/57</td><td>11/29/57 { 11/29/57 3-3/4% Note - 12/2/57 3-7/8% Bond</td><td>- 11/15/74 - 11/15/74</td><td>4y 114m 16y 114m</td><td>7,786 3,817</td><td>1,143 654</td><td>27/ 28/</td><td></td></tr><tr><td>11/21/57</td><td>12/1/57 3-3/4% Certificate</td><td>- 12/1/58-D</td><td>1y</td><td>9,833 -</td><td>9,833 -</td><td></td><td>100</td></tr><tr><td>2/3/58</td><td>2/14/58 { 2/14/58 2-1/2% Certificate - 2/14/58 3% Bond - 2/14/58 3-1/2% Bond</td><td>- 2/14/59-A - 2/15/64 - 2/15/90</td><td>1y 6y 32y</td><td>9,770 3,854 1,727</td><td>- -</td><td>9,770 3,854 1,727</td><td>100</td></tr><tr><td>2/28/58</td><td>2/28/58 3% Bond</td><td>- 8/15/66</td><td>8y 58m</td><td>6,715 -</td><td>1,484 -</td><td></td><td>29/</td></tr><tr><td>5/</td><td>4/1/58 1-1/2% Note</td><td>- 4/1/63-EA</td><td>5y</td><td>533 -</td><td>533 -</td><td></td><td>100</td></tr><tr><td>4/7/58</td><td>4/15/58 2-5/8% Note</td><td>- 2/15/63-A</td><td>4y 10m</td><td>15,741 -</td><td>3,971 -</td><td></td><td>20/</td></tr><tr><td>6/3/58</td><td>6/3/58 3-1/4% Bond</td><td>- 5/15/85 - Issued at 100%</td><td>26y 11m</td><td>2,570 -</td><td>1,135 -</td><td></td><td>31/</td></tr><tr><td>6/4/58</td><td>6/15/58 { 6/15/58 1-1/4% Certificate - 6/15/58 2-5/8% Bond</td><td>- 5/15/59-B - 2/15/65</td><td>11m 6y 8m</td><td>1,817 7,388</td><td>1,817 7,388</td><td></td><td>100</td></tr><tr><td>7/21/58</td><td>8/1/58 1-5/8% Certificate</td><td>- 8/1/59-C</td><td>1y</td><td>13,500 -</td><td>13,500 -</td><td></td><td>100</td></tr><tr><td>7/29/58</td><td>8/6/58 1-1/2% Certificate</td><td>- 3/24/59-D - Tax ant. 2/</td><td>8a</td><td>5,962 -</td><td>3,567 -</td><td></td><td>32/</td></tr><tr><td>5/</td><td>10/1/58 1-1/2% Note</td><td>- 10/1/63-E0</td><td>5y</td><td>506 -</td><td>506 -</td><td></td><td>100</td></tr><tr><td>9/29/58</td><td>10/8/58 3-1/4% Bill</td><td>- 5/15/59- (Special at fixed price)</td><td>219d</td><td>5,805 -</td><td>2,735 -</td><td></td><td>33/</td></tr><tr><td>10/10/58</td><td>10/10/58 3-1/2% Note</td><td>- 11/15/59-B</td><td>ly lm</td><td>2,686 -</td><td>1,184 -</td><td></td><td></td></tr><tr><td>11/14/58</td><td>11/20/58 2.999% Bill</td><td>- 6/22/59 - Tax ant. 8/ (At auction.)</td><td>214d</td><td>5,950 -</td><td>2,997 -</td><td></td><td></td></tr><tr><td>11/19/58</td><td>12/1/58 { 12/1/58 3-3/8% Certificate - 12/1/58 3-5/8% Note</td><td>- 11/15/59-E - Issued at 99.95 - 5/15/61-B - Issued at 99-7/8</td><td>114m 2y 54m</td><td>7,711 4,078</td><td>- -</td><td>7,711 4,078</td><td>100</td></tr><tr><td>1/12/59</td><td>1/21/59 { 1/21/59 3-1/4% Note - 1/23/59 4.5% Bond</td><td>- 5/15/60-B - Issued at 99-3/4 - 2/15/80 - Issued at 99.00</td><td>ly 4m 21y lm</td><td>5,508 1,800</td><td>2,738 884</td><td>24/ 35/</td><td></td></tr><tr><td>2/2/59</td><td>2/15/59 { 2/15/59 3-3/4% Certificate - 2/15/59 4.5% Note</td><td>- 2/15/60-A - Issued at 99.993 - 2/15/62-D - Issued at 99.993</td><td>1y 3y</td><td>11,363 1,435</td><td>11,363 1,435</td><td></td><td>100</td></tr><tr><td>2/11/59</td><td>2/16/59 3.293% Bill</td><td>- 9/21/59 - Tax ant. 8/ (At auction.)</td><td>217d</td><td>2,984 -</td><td>1,502 -</td><td></td><td></td></tr><tr><td>3/23/59</td><td>4/1/59 { 4/1/59 4.5% Note - 10/1/57 4.5% Bond</td><td>- 5/15/63-B - 10/1/69 - Reopening</td><td>4y 18m 10y 6m</td><td>3,052 1,502</td><td>1,743 619</td><td>36/ 37/</td><td></td></tr><tr><td>5/</td><td>4/1/59 1-1/2% Note</td><td>- 4/1/64-8A</td><td>5y</td><td>457 -</td><td>457 -</td><td></td><td>100</td></tr><tr><td>3/26/59</td><td>4/1/59 3.386% Bill</td><td>- 1/15/60 - Special (At auction.)</td><td>289d</td><td>3,445 -</td><td>2,006 -</td><td></td><td></td></tr><tr><td>5/6/59</td><td>5/11/59 3.835% Bill</td><td>- 4/15/60 - Special (At auction.)</td><td>340d</td><td>3,461 -</td><td>2,003 -</td><td></td><td></td></tr><tr><td>5/7/59</td><td>5/15/59 3.565% Bill</td><td>- 12/22/59 - Tax ant. 8/ (At auction.)</td><td>221d</td><td>1,699 -</td><td>1,500 -</td><td></td><td></td></tr><tr><td>5/11/59</td><td>5/15/59 4.5% Certificate</td><td>- 5/15/60-B - Issued at 99.95</td><td>1y</td><td>1,269 -</td><td>1,269 -</td><td></td><td>100</td></tr></table>
Footnotes on end of table.
(Continued on following page)
January 1960
33
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Date subscription opened or bill tenders received</th><th>Date of issue</th><th colspan="2">Description of security 1/</th><th>Period to final maturity (years, months, days) 2/</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></th><th></th><th>Cash 3/</th><th>Exchange</th><th>For cash 3/</th><th>In exchange 4/</th><th></th></tr><tr><td>7/1/59</td><td>7/8/59</td><td>4.075% Bill</td><td>- 3/22/60 - Tax ant. 8/ (At auction)</td><td>258d</td><td>4,299</td><td>-</td><td>3,005</td><td>-</td><td></td></tr><tr><td>7/8/59</td><td>7/15/59</td><td>4.725% Bill</td><td>- 7/15/60 - Special (At auction)</td><td>366d</td><td>3,173</td><td>-</td><td>2,001</td><td>-</td><td></td></tr><tr><td>7/20/59</td><td>7/20/59 8/1/59</td><td>4-3/4% Note 8-3/4% Note</td><td>- 5/15/64-A - 8/15/60-C</td><td>4710m 124m</td><td>- 9,561</td><td>4,184</td><td>- 9,561</td><td>4,184</td><td>100</td></tr><tr><td>8/13/59</td><td>7/8/59</td><td>3.7125% Bill</td><td>- 3/22/60 - Tax ant. 8/ (Reopening)</td><td>216d</td><td>3,216</td><td>-</td><td>999</td><td>-</td><td>100</td></tr><tr><td>5/</td><td>10/1/59</td><td>1-1/2% Note</td><td>- 10/1/64</td><td>5y</td><td>-</td><td>185</td><td>-</td><td>185</td><td>100</td></tr><tr><td>10/6/59</td><td>10/15/59</td><td>5%</td><td>- 8/15/64-B</td><td>4y 10m</td><td>11,125</td><td>-</td><td>2,316</td><td>-</td><td>28/</td></tr><tr><td>10/14/59</td><td>10/21/59</td><td>4.783% Bill</td><td>- 6/22/60 - Tax ant. 8/ (At auction)</td><td>245d</td><td>3,779</td><td>-</td><td>2,002</td><td>-</td><td></td></tr><tr><td>11/2/59</td><td>11/15/59 11/15/59</td><td>4-3/4% Certificate 4-7/8% Note</td><td>- 11/15/60-C - 11/15/63-C</td><td>1y 4y</td><td>- 3,011p</td><td>7,037p</td><td>- 3,011p</td><td>7,037p</td><td>100</td></tr><tr><td>11/23/59</td><td>7/20/59</td><td>4-3/4% Note</td><td>- 5/15/64-A - Reopening at 99-3/4%</td><td>4y 6m</td><td>-</td><td>750p 29/</td><td>-</td><td>750p 29/</td><td>100</td></tr><tr><td>11/24/59</td><td>12/2/59</td><td>4.860% Bill</td><td>- 10/17/60 - Special (At auction)</td><td>320d</td><td>3,965</td><td>-</td><td>2,007</td><td>-</td><td></td></tr><tr><td>1/5/60</td><td>10/21/59</td><td>4.725% Bill</td><td>- 6/22/60 - Tax ant. 8/ (Reopening)</td><td>166d</td><td>4,085p</td><td>-</td><td>2,016p</td><td>-</td><td></td></tr><tr><td>1/12/60</td><td>1/15/60</td><td>5.067% Bill</td><td>- 1/15/61 - Special (At auction)</td><td>1y</td><td>2,303p</td><td>-</td><td>1,502p 40/</td><td>-</td><td></td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from sub-scription and allotment reports; final figures are on "clearance" of July 1, 1953. Issued at per except as noted. For bill issues sold at auction, the rate shown is the equivalent average rate (bank discount basis) on accepted bids. For details of bill offerings, see Table 2. In re-openings, the amount issued is in addition to the amount in original offering.
2/ From date of additional issue in case of a reopening.
3/ Consists of all public cash subscriptions and subscriptions by United States Government investment accounts.
4/ For maturing securities exchanged for the new issues, see Table 6.
5/ Exchange offering available to holders of non-marketable 2-3/4% Treasury Bonds. Investment Series B-1975-88 matures April 1, 1951. For further information on the original offering see "Treasury Bulletin" for April 1951, page A-1. Amounts shown are as of December 31, 1959.
6/ The bond offering was made available for exchange of Series F and G saving bonds maturing from May 1 through December 31, 1953.
7/ For notional amounts subscribed, Government interest approximately $1,000 million. Nonbank subscriptions in amounts up to and including $5,000 were allotted in full. All other subscriptions were allotted 20 percent. Commercial banks' subscriptions were restricted to an amount not exceeding 5 percent of their time deposits as of December 31, 1952. The Treasury also reserved the right to allot 10 percent of the cash subscription to Government interest 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.
8/ Tax anticipation bill, acceptable at face value in payment of income and profits tax due on the quarterly payment date immediately preceding maturity.
9/ Tax anticipation certificate, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due on the quarterly payment date immediately preceding maturity.
10/ Subscription for amounts up to and including $100,000 were allotted in full. Subscriptions for amounts from $100,000 but less than $100,000 were allotted 67 percent but in no case less than $100,000.
11/ Subscriptions for amounts up to and including $10,000 were allotted in full. Subscriptions from mutual savings banks, insurance companies, pension and retirement Je, and State and local governments were allotted 24 percent. All other subscriptions were allotted in full, but in no case less than $10,000 on any one subscription.
12/ 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.
13/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 40 percent but in no case less than $50,000.
14/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 50 percent but in no case less than $50,000.
15/ 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.
16 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.
17/ Subscriptions from savings-type investors totaled $749 million and were allotted 65 percent. Subscriptions from all other investors totaled $970 million and were allotted 30 percent. Subscriptions for more than $25,000 or less were allotted in full. Subscriptions for more than $25,000 but less than $100,000 were allotted 25 percent but in 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, at least in 60 percent by September 1, 1955, and full payment by October 3, 1955.
18/ 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.
19/ 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.
20/ Issued as a roll-over of special bills maturing January 16, 1957, and February 15, 1957, respectively.
21/ Subscriptions in excess of $100,000 were allotted 31 percent for the certificates and 30 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 to the public, $100 million of the notes were allotted to Government investment accounts.
22/ Referred to advance payment of the holder on August 1, 1959, on three months' advance notice.
23/ In addition to the amounts issued in exchange, the Treasury allotted $100 million of each issue to Government investment accounts.
24/ Redeemable at the option of the holder on February 15, 1960, on three months' advance notice.
25/ Subscriptions in excess of $100,000 were allotted 22 percent for the certificates and 28 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 amounts allotted to the public, $100 million of each issue were allotted to Government investment accounts.
26/ 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 $50,000. In addition to the amount allotted to the public, $100 million of the bonds were allotted to Government investment accounts. Payment on or before the 50 percent of the bonds allotted could be deferred until not later than October 21, 1957.
27/ 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 12 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.
Remaining footnotes on following page.
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
28/ 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 amount allotted to the public, $100 million of the bonds were allotted to Government investment accounts.
29/ 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.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 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.
Subscriptions for $5,000 or less were allotted in full. Subscriptions for more than $5,000 were allotted 60 percent to savings-type investors, 40 percent to commercial banks for their own account, and 25 percent to all other subscribers, but in no case less than $5,000. In addition to the amount allotted to the public, $100 million of the bonds were allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case less than $100,000.
33/ Subscriptions for $100,000 or less for the bills and $50,000 or less for the notes were allotted in full. Subscriptions for more than the minimum for each issue were allotted 44 percent on bills and 35 percent on notes but in no case less than the minimum. In addition to the amount allotted to the public, $100 million of the notes were allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case less than $100,000.
Subscriptions for savings-type investors totaled $720 million and were allotted 70 percent. Subscriptions from commercial banks for their own account totaled $470 million and were allotted 35 percent. Subscriptions from all other investors totaled $610 million and were allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $50,000 were allotted in full. Subscriptions for more than $5,000 were allotted not less than $5,000. In addition to the amount allotted to the public, $50 million of the bonds were allotted to Government investment accounts. Savings-type investors were given the privilege of paying for the bonds allotted to them in installments up to April 23, 1959 (not less than 25 percent by January 23, 1959, the issue date; 50 percent by February 24, 1959; 75 percent by March 23, 1959; and full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case less than $100,000. In addition, $100 million of the notes were allotted to Government investment accounts.
27/ Subscriptions from savings-type investors totaled $2.0 million and were allotted 65 percent. Subscriptions from commercial banks for their own account totaled $9.1 million and were allotted 35 percent. Subscriptions from all other investors totaled $322 million and were allotted 20 percent. Subscriptions for $25,000 or less from savings-type investors and commercial banks, and for $10,000 or less from all others, were allotted in full. Subscriptions for more than these minimums were allotted not less than the minimums. In addition, $50 million of the bonds were allotted to Government Investment accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million, were allotted in full. Subscriptions from earning-type investors totaled $1,361 million and were allotted 45 percent. Subscriptions from commercial banks for their own account totaled $6,390 million and were allotted 8 percent, but not less than $1,000 on any one subscription. Subscriptions from all other investors totaled $2,433 million and were allotted 5 percent, but not less than $1,000 on any one subscription. In addition to the amounts allotted to the public, $100 million of the notes were allotted to Government investment accounts.
39/ Holders of approximately $1,600 million of Series F and G savings bonds issued in 1948, which mature in 1960, were offered in exchange the 4-3/4% notes, with certain adjustments as of December 15, 1959, at a price of 99-3/4.
Issued as a partial rollover of one-year bills maturing January 15, 1960, in the amount of $2,006 million. p Preliminary. p Preliminary.
January 1960
35
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
<table><tr><th>Date of financing</th><th>Description of security</th><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 2/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 2/</th><th>Pension and retirement funds</th><th>Dealers and brokers</th><th>All other 5/</th></tr><tr><td>2/15/53</td><td>2-1/4% Cert. 2-1/2% Bond 12/15/58</td><td>-</td><td>8,112,620</td><td>3,698 3</td><td>2,279,444</td><td>187 6</td><td>150 9</td><td>55 20</td><td>2/</td><td>2/</td><td>230 13</td><td>152 100</td><td>1,363 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>2/</td><td>2/</td><td>75 12</td><td>158 *</td><td>242 89</td></tr><tr><td>6/1/53</td><td>2-5/8% Cert. 6/1/54-8</td><td>-</td><td>4,858</td><td>1,153</td><td>2,015</td><td>98</td><td>113</td><td>77</td><td>2/</td><td>2/</td><td>366</td><td>162</td><td>874</td></tr><tr><td>6/3/53</td><td>2-3/8% Bill 9/18/53 8/</td><td>800</td><td>-</td><td>n.a.</td><td>711</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>n.a.</td><td>n.a.</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>68 115</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>1,499</td><td>117</td><td>82</td><td>27</td><td>411</td><td>48</td><td>2</td><td>156 79</td><td>192</td></tr><tr><td>9/15/53</td><td>2-5/8% Cert. 9/15/54-E 2-7/8% Note 3/15/57-A</td><td>-</td><td>4,724 2,997</td><td>863 -</td><td>2,135 2,276</td><td>106 42</td><td>131 140</td><td>96 86</td><td>654 155</td><td>50 3</td><td>6 2</td><td>279 40</td><td>219 188 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 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 8/</td><td>-</td><td>8,175 1,748</td><td>6,997 5</td><td>360 1,174</td><td>112 43</td><td>12 61</td><td>2 52</td><td>339 110</td><td>13</td><td>1 1</td><td>100 26</td><td>42 94</td></tr><tr><td>2/15/54</td><td>1-5/8% Cert. 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>46 457</td><td>7 218</td><td>756 535</td><td>6 92</td><td>7</td><td>269 163</td><td>123 450 293</td></tr><tr><td>3/22/54</td><td>.956% Bill 6/24/54 8/</td><td>1,501</td><td>-</td><td>n.a.</td><td>428</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>n.a.</td><td>n.a.</td></tr><tr><td>4/27/54</td><td>.726% Bill 6/18/54 8/</td><td>1,001</td><td>-</td><td>n.a.</td><td>915</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>n.a.</td><td>n.a.</td></tr><tr><td>5/17/54</td><td>1-7/8% Note 2/15/59-A 1-1/8% Cert. 5/17/55-B</td><td>2,205</td><td>-</td><td>26 1,686</td><td>1,138 1,982</td><td>175 41</td><td>116 74</td><td>139 23</td><td>216 247</td><td>36 20</td><td>*</td><td>37 1 294</td><td>219 76 130 180</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 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>3,558 3,806</td><td>995 10</td><td>847 3,091</td><td>115 54</td><td>47 100</td><td>30 31</td><td>751 120</td><td>45 18</td><td>4 2</td><td>369 68</td><td>117 238 130</td></tr><tr><td>10/4/54</td><td>1-5/8% Note 5/15/57-B</td><td>4,135</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>344 117</td></tr><tr><td>12/15/54</td><td>1-1/8% Cert. 8/15/55-D 1-1/4% Cert. 12/15/55-E 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 1,299 5,503</td><td>9 103 144</td><td>1 41 226</td><td>*</td><td>30 662 152</td><td>13 5</td><td>6</td><td>311 156</td><td>34 120 282 114</td></tr><tr><td>2/15/55</td><td>1-5/8% Note 3/15/56-A 2% Bond 8/15/57-C 3% Bond 2/15/95</td><td>-</td><td>8,472 3,792 1,924</td><td>4,012 1 1</td><td>2,385 2,704 1,190</td><td>112 69 70</td><td>63 123 130</td><td>15 43 44</td><td>1,065 329 84</td><td>36 3 10</td><td>*</td><td>308 128 23</td><td>256 232 354 160 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 29</td></tr><tr><td>5/17/55</td><td>2% Note 8/15/56-B</td><td>2,532</td><td>-</td><td>1,686</td><td>1,747 614</td><td>36 53</td><td>10 19</td><td>4 6</td><td>545 355</td><td>2 22</td><td>*</td><td>21 203</td><td>62 82 101 134</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>1,027</td><td>37</td><td>17</td><td>1</td><td>988</td><td>1</td><td>1</td><td>45</td><td>36 29</td></tr><tr><td>7/20/55</td><td>3% Bond 2/15/95 2/</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 60</td></tr><tr><td>8/1/55</td><td>2% Cert. 6/22/56-B 2% Note 8/15/56-B 8/</td><td>-</td><td>1,486 6,841</td><td>- 5,754</td><td>387 400</td><td>29 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 7 185</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 42</td></tr><tr><td>12/1/55</td><td>2-5/8% Cert. 12/1/56-D 2-7/8% 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 52</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>240 137 234 131</td></tr><tr><td>12/15/55</td><td>2-465% Bill 3/23/56 8/</td><td>1,501</td><td>-</td><td>n.a.</td><td>1,402</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>n.a.</td><td>n.a.</td></tr><tr><td>3/5/56</td><td>2-5/8% Cert. 2/15/57-A 2-7/8% Note 6/15/58-A 8/</td><td>-</td><td>7,219 2,109</td><td>5,028 18</td><td>570 903</td><td>69 35</td><td>21 32</td><td>6 34</td><td>852 548</td><td>26 13</td><td>1</td><td>319 195</td><td>39 191 288 120</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>57 426</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 12</td></tr><tr><td>10/17/56</td><td>2.627% Bill 1/16/57</td><td>1,603</td><td>-</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>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>11/16/56</td><td>2.617% Bill 2/15/57</td><td>1,750</td><td>-</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>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>12/1/56</td><td>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>358 554</td><td>48 66</td><td>7 10</td><td>4 9</td><td>589 198</td><td>3 7</td><td>*</td><td>99 161</td><td>60 129 108</td></tr><tr><td>12/17/56</td><td>2.585% Bill 3/22/57 8/</td><td>1,006</td><td>-</td><td>n.a.</td><td>975</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>n.a.</td><td>n.a.</td></tr><tr><td>1/16/57</td><td>3.305% Bill 6/24/57 8/</td><td>1,601 10/</td><td>-</td><td>n.a.</td><td>700</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>n.a.</td><td>n.a.</td></tr><tr><td>2/15/57</td><td>3.231% Bill 6/24/57 8/ 3-3/8% Cert. 2/14/58-A 3-1/2% Note 5/15/60-A</td><td>1,750 10/</td><td>-</td><td>8,414 1,464</td><td>5,708 131</td><td>855 1,159</td><td>n.a. 116</td><td>n.a. 48</td><td>n.a. 26</td><td>n.a. 573 114</td><td>n.a. 49 14</td><td>n.a. 1 2</td><td>448 168 66 205 118 110</td></tr></table>
Footnotes at end of table.
(Continued on following page)
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills 1/ - (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="4">U.S. Gov- ernment investment accounts and Federal Reserve Banks</th><th colspan="5">Allotments by investor classes</th><th rowspan="2">Dealers and brokers $/</th><th rowspan="2">All other $/</th></tr><tr><th>For cash</th><th>In exchange for other securities</th><th>2</th><th>Commercial banks</th><th>Individually</th><th>Insurance companies</th><th>Mutual securities banks</th><th>Corporations</th><th>Private pension and retirement funds</th><th>State end local governments 5/ Pension and retirement funds</th><th>Other funds</th></tr><tr><td>3/28/57</td><td>3-3/8% Cert. 3-1/2% Note 5/15/60-A</td><td>9/</td><td>2,437 9/2</td><td>-</td><td>100</td><td>786</td><td>20 19</td><td>2</td><td>2</td><td>33 12</td><td>1</td><td>-</td><td>1</td><td>3</td><td>12</td></tr><tr><td>5/1/57</td><td>3-1/2% Cert. 3-5/8% Note 2/15/62-A</td><td>8/</td><td>2,351 6/47</td><td>-</td><td>112</td><td>1,042</td><td>25 3</td><td>62 14</td><td>14</td><td>45 1</td><td>42</td><td>*</td><td>272</td><td>91</td><td>20 12</td></tr><tr><td>5/21/57</td><td>2.825% Bill</td><td>9/23/57</td><td>1,501</td><td>-</td><td>n.e.</td><td>1,461</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>7/3/57</td><td>3.485% Bill</td><td>3/24/58</td><td>3,002</td><td>-</td><td>n.e.</td><td>2,955</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>8/1/57</td><td>3-5/8% Cert. 4% Cert. 8/1/58-C 8/1/61-A</td><td>12/1/57-E</td><td>100 11/ 10,487 100 11/ 2,509</td><td>-</td><td>7,991 6,822 271</td><td>650 1,606 1,394</td><td>50 170 68</td><td>27 56 54</td><td>17 45 48</td><td>691 827 174</td><td>19 26 6</td><td>1 7 28</td><td>319 478 215</td><td>129 141 129</td><td>77 409 221</td></tr><tr><td>8/21/57</td><td>4.173% Bill</td><td>4/15/58</td><td>1,751</td><td>-</td><td>n.a.</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>9/26/57</td><td>4% Cert. 8/15/62-C 4% Note 10/1/69</td><td>8/15/62-C</td><td>933 2,000</td><td>-</td><td>100 100</td><td>756 1,450</td><td>23 93</td><td>2 31</td><td>1</td><td>22 49</td><td>2</td><td>*</td><td>10</td><td>2</td><td>15 39</td></tr><tr><td>10/1/57</td><td>4% Bond</td><td>10/1/69</td><td>657</td><td>-</td><td>100</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 11/15/62-C</td><td>11/15/62-C</td><td>1,143</td><td>-</td><td>100</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>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>3-7/8% Bond</td><td>11/15/74</td><td>654</td><td>-</td><td>100</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>2/11/58</td><td>2-1/2% Cert. 3% Bond 2/15/64 3-1/2% Bond 2/15/90</td><td>2/11/59-A 2/15/64 2/15/90</td><td>- 9,770 3,854 1,727</td><td>-</td><td>5,752 18 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>1,095 163 113</td><td>39 44 47</td><td>2 1 10</td><td>588 81 77</td><td>173 306 461</td><td>458 256 86</td></tr><tr><td>2/28/58</td><td>3% Bond</td><td>8/15/66</td><td>1,484</td><td>-</td><td>100</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>133</td></tr><tr><td>4/15/58</td><td>2-5/8% Note 2/15/63-A</td><td>2/15/63-A</td><td>3,971</td><td>-</td><td>102</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><tr><td>6/3/58</td><td>3-1/4% Bond</td><td>5/15/85</td><td>1,135</td><td>-</td><td>100</td><td>213</td><td>86</td><td>202</td><td>76</td><td>102</td><td>31</td><td>48</td><td>9</td><td>127</td><td>141</td></tr><tr><td>6/15/58</td><td>1-1/4% Cert. 2-5/8% Bond</td><td>5/15/59-B 2/15/65</td><td>- 1,617 7,388</td><td>-</td><td>92 355</td><td>571 4,091</td><td>98 209</td><td>18 233</td><td>12 72</td><td>570 1,045</td><td>8 14</td><td>*</td><td>191 190</td><td>47 924</td><td>210 311</td></tr><tr><td>8/1/58</td><td>1-5/8% Cert. 8/1/59-C</td><td>8/1/59-C</td><td>-</td><td>13,500</td><td>7,218</td><td>3,600</td><td>160</td><td>87</td><td>43</td><td>911</td><td>26</td><td>8</td><td>546</td><td>550</td><td>351</td></tr><tr><td>6/6/58</td><td>1-1/2% Cert. 3/24/59-D</td><td>3/24/59-D</td><td>3,567</td><td>-</td><td>-</td><td>3,097</td><td>24</td><td>2</td><td>1</td><td>303</td><td>*</td><td>1</td><td>18</td><td>104</td><td>17</td></tr><tr><td>10/8/58</td><td>3-1/4% Bill</td><td>5/15/59</td><td>2,735</td><td>-</td><td>-</td><td>2,256</td><td>63</td><td>23</td><td>11</td><td>221</td><td>4</td><td>1</td><td>30</td><td>44</td><td>82</td></tr><tr><td>10/10/58</td><td>3-1/2% Note 11/15/59-B</td><td>11/15/59-B</td><td>1,184</td><td>-</td><td>105</td><td>664</td><td>78</td><td>20</td><td>19</td><td>125</td><td>4</td><td>1</td><td>49</td><td>25</td><td>94</td></tr><tr><td>11/20/58</td><td>2.999% Bill</td><td>6/22/59</td><td>2,997</td><td>-</td><td>n.e.</td><td>2,871</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>12/1/58</td><td>3-3/8% Cert. 11/15/59-E 3-5/8% Note 5/15/61-B</td><td>11/15/59-E 5/15/61-B</td><td>- 7,711 4,078</td><td>-</td><td>5,086 2,923</td><td>1,090 736</td><td>60 25</td><td>44 12</td><td>36 6</td><td>798 127</td><td>38 6</td><td>5</td><td>245 24</td><td>171 136</td><td>138 82</td></tr><tr><td>1/21/59</td><td>3-1/4% Note</td><td>5/15/60-B</td><td>2,738</td><td>-</td><td>-</td><td>2,302</td><td>48</td><td>37</td><td>17</td><td>175</td><td>5</td><td>1</td><td>11</td><td>31</td><td>111</td></tr><tr><td>1/23/59</td><td>4% Bond</td><td>2/15/80</td><td>884</td><td>-</td><td>50</td><td>170</td><td>76</td><td>153</td><td>65</td><td>52</td><td>53</td><td>106</td><td>28</td><td>48</td><td>83</td></tr><tr><td>2/15/59</td><td>3-3/4% Cert. 4% Note 2/15/60-A 2/15/62-D</td><td>2/15/60-A 2/15/62-D</td><td>- 11,363 1,435</td><td>-</td><td>5,646 9</td><td>2,418 972</td><td>150 44</td><td>158 47</td><td>43 22</td><td>1,618 140</td><td>41 13</td><td>2</td><td>515 85</td><td>207 26</td><td>565 75</td></tr><tr><td>2/16/59</td><td>3.293% Bill</td><td>9/21/59</td><td>1,502</td><td>-</td><td>n.e.</td><td>1,443</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>4/1/59</td><td>4% Note 5/15/63-B 4% Bond 10/1/69</td><td>5/15/63-B 10/1/69</td><td>1,743 619</td><td>-</td><td>100 50</td><td>1,331 335</td><td>61 26</td><td>17 35</td><td>28 25</td><td>52 26</td><td>11 15</td><td>1</td><td>5</td><td>79 37</td><td>58 54</td></tr><tr><td>5/11/59</td><td>3.386% Bill 3.835% Bill 12/22/59</td><td>3.386% Bill 12/22/59</td><td>2,006</td><td>-</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><td>n.e.</td></tr><tr><td>5/15/59</td><td>3.565% Bill 4% Cert. 5/15/60-B</td><td>5/15/60-B</td><td>1,500 1,269</td><td>-</td><td>155</td><td>539 367</td><td>11 33</td><td>4 15</td><td>1</td><td>227</td><td>*</td><td>-</td><td>15 98</td><td>667 106</td><td>33 192</td></tr><tr><td>7/8/59</td><td>4.075% Bill 4.728% Bill</td><td>3/22/60 7/15/60</td><td>3,005 2,001</td><td>-</td><td>-</td><td>2,969 1,981</td><td>11 5</td><td>2 *</td><td>-</td><td>17</td><td>*</td><td>-</td><td>3</td><td>*</td><td>3</td></tr><tr><td>7/15/59</td><td>4-3/4% Note</td><td>5/15/64-A</td><td>-</td><td>4,184</td><td>2,666</td><td>803</td><td>32</td><td>25</td><td>48</td><td>180</td><td>10</td><td>32</td><td>68</td><td>190</td><td>130</td></tr><tr><td>8/1/59</td><td>4-3/4% Note</td><td>8/15/60-C</td><td>-</td><td>9,561</td><td>5,625</td><td>1,375</td><td>109</td><td>75</td><td>38</td><td>1,299</td><td>18</td><td>8</td><td>491</td><td>278</td><td>245</td></tr><tr><td>8/19/59</td><td>3.719% Bill</td><td>3/22/60 8/1/59</td><td>999</td><td>-</td><td>-</td><td>980</td><td>7</td><td>*</td><td>-</td><td>7</td><td>-</td><td>-</td><td>3</td><td>*</td><td>2</td></tr><tr><td>10/15/59</td><td>5% Note 8/15/64-B</td><td>8/15/64-B</td><td>2,316</td><td>-</td><td>100</td><td>587</td><td>778</td><td>148</td><td>138</td><td>91</td><td>107</td><td>51</td><td>29</td><td>58</td><td>229</td></tr><tr><td>10/21/59</td><td>4.783% Bill</td><td>6/22/60 8/1/59</td><td>2,002</td><td>-</td><td>-</td><td>1,962</td><td>10</td><td>1</td><td>*</td><td>14</td><td>1</td><td>-</td><td>5</td><td>*</td><td>9</td></tr><tr><td>11/15/59</td><td>4-3/4% Cert. 11/15/60-C 4-7/8% Note 11/15/63-C</td><td>11/15/60-C 11/15/63-C</td><td>- 7,037p 3,011p</td><td>-</td><td>5,070 97</td><td>795 1,634</td><td>98 140</td><td>23 118</td><td>43 130</td><td>505 261</td><td>24 21</td><td>1 3</td><td>171 76</td><td>164 315</td><td>143 216</td></tr></table>
Footnotes on following page.
(Continued on following page)
January 1960
37
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills 1/ - (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="8">Allotments by investor classes</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><th>State and local governments 5/</th><th>State and local pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers 5/</th><th>All other 5/</th></tr><tr><td>12/2/59</td><td>4.86% B111</td><td>10/17/60</td><td>2,007</td><td>-</td><td>-</td><td>1,982</td><td>8</td><td>*</td><td>*</td><td>8</td><td>1</td><td>*</td><td>5</td><td>1</td><td>2</td></tr><tr><td>12/15/59</td><td>4-3/4% Note</td><td>5/15/64-A 9/</td><td>-</td><td>750p 12/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
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/ Excludes all banks and insurance companies.
5/ Consists of trust, sinking, and investment funds of State and local governments and their agencies.
6/ Includes savings and loan associations, nonprofit institutions, and investments of foreign balances and international accounts in this
country. Also includes corporations and private pension and retirement funds prior to July 15, 1953, financing.
7/ Included in "All other."
8/ Tax anticipation security.
9/ Reopening of earlier issue.
10/ Issued as a rollover of special bills maturing January 16, 1957, and February 15, 1957, respectively.
11/ Issued in special allotment to Government investment accounts.
12/ Allotments are not yet available; they will appear in a subsequent issue.
* Less than $500,000.
p Preliminary. n.a. Not available.
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Date of refunding or retirement</th><th>Called or maturing security 1/</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Result of exchange offers</th><th>Turned in for cash 2/</th><th>Description of new security offered (See also Table 4)</th></tr><tr><td colspan="9">(In millions of dollars)</td></tr><tr><td>2/15/53</td><td>1-7/8% Certificate - 2/15/53-A</td><td>3/1/52</td><td>8,868</td><td>-</td><td>8,868</td><td>(8,114 620)</td><td>124</td><td>2-1/4% Certificate - 2/15/54-A 2-1/2% Bond - 12/15/58</td></tr><tr><td>3/18/53</td><td>1.720% B111 - 3/18/53</td><td>10/8/52</td><td>2,502</td><td>2,502 2/</td><td>-</td><td>-</td><td>-</td><td></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>6/19/53</td><td>1.846% B111 - 6/19/53</td><td>11/21/52</td><td>2,003</td><td>2,003 2/</td><td>-</td><td>4,858</td><td>829</td><td></td></tr><tr><td>8/15/53</td><td>2% Certificate - 8/15/53-C</td><td>8/15/52</td><td>2,882</td><td>-</td><td>2,882</td><td>2,788</td><td>93</td><td>2-5/8% Certificate - 8/15/54-D</td></tr><tr><td>9/15/53</td><td>2% Bond - 9/15/51-53</td><td>9/15/43</td><td>7,986</td><td>-</td><td>7,986</td><td>(4,724 2,997)</td><td>266</td><td>2-5/8% Certificate - 9/15/54-E 2-7/8% Note - 3/15/57-A</td></tr><tr><td>9/18/53</td><td>2.383% B111 - 9/18/53</td><td>6/3/53</td><td>800</td><td>800 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>12/1/53</td><td>2-1/8% Note - 12/1/53-A</td><td>10/1/52</td><td>10,542</td><td>500 1/</td><td>10,042</td><td>(8,175 1,718)</td><td>118</td><td>1-7/8% Note - 12/15/54-B 2-1/2% Bond - 12/15/58 5/</td></tr><tr><td></td><td>2-1/4% Certificate - 2/15/54-A</td><td>2/15/53</td><td>8,114</td><td>-</td><td>8,114</td><td>(5,647 2,360)</td><td>108</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>4,675</td><td>-</td><td>4,675</td><td>(1,360 3,237)</td><td>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 - 6/15/54-56</td><td>6/26/44 7/22/40</td><td>5,825 1,501 681</td><td>-</td><td>5,825 1,501 681</td><td>(4,083 6/ 1,128 5/ 369 6/)</td><td>-</td><td>2-1/2% Bond - 11/15/61</td></tr><tr><td></td><td>Total</td><td></td><td>20,796</td><td>-</td><td>20,796</td><td>18,184</td><td>186</td><td>7,007 of 1-5/8% Certificate 11,177 of 2-1/2% Bond</td></tr><tr><td>3/22/54</td><td>2-1/2% Certificate - 3/22/54-C 2% Bond - 6/15/52-54 2-1/4% Bond - 6/15/54-56</td><td>7/15/53 6/26/44 7/22/40</td><td>5,902 1,743 379</td><td>5,902 2/</td><td>1,743 379</td><td>-</td><td>238 51 38</td><td>1-1/8% Certificate - 5/17/55-B</td></tr><tr><td>5/17/54</td><td>2-5/8% Certificate - 6/1/54-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</td><td>1-1/8% Certificate - 5/17/55-B 1-7/8% Note - 2/15/59-A 3,886 of 1-1/8% Certificate 2,897 of 1-7/8% Note</td></tr><tr><td></td><td>Total</td><td></td><td>7,285</td><td>-</td><td>7,285</td><td>6,783</td><td>502</td><td></td></tr><tr><td>6/18/54</td><td>.726% B111 - 6/18/54</td><td>4/27/54</td><td>1,001</td><td>1,001 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/21/54</td><td>.956% B111 - 6/21/54</td><td>3/22/54</td><td>1,501</td><td>1,501 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></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>(1,005 1,728)</td><td>55</td><td>1-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60</td></tr><tr><td>8/15/54</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>1-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60</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>3,558 of 1-1/8% Certificate 3,806 of 2-1/8% Bond</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>(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 6,755 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-D</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 - 2/15/59-A</td></tr><tr><td></td><td>Total</td><td></td><td>14,983</td><td>-</td><td>14,983</td><td>14,188</td><td>795</td><td>(8,472 of 1-5/8% Note 3,792 of 2% Note 1,924 of 3% Bond</td></tr><tr><td>3/22/55</td><td>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>-</td><td>712</td><td>2% Note - 8/15/56-B</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 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/1/55</td><td>1-1/8% Certificate - 8/15/55-D</td><td>8/15/54</td><td>8,477</td><td>-</td><td>8,477</td><td>(1,486 6,841)</td><td>149</td><td>2% Certificate - 6/22/56-B 2% Note - 8/15/56-B</td></tr></table>
Footnotes at end of table.
(Continued on following page)
39
January 1960
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Date of refunding or retirement</th><th colspan="3">Called or maturity 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 rowspan="3">12/1/55</td><td>1-1/4% Certificate - 12/15/55-E</td><td>12/15/54</td><td>5,359</td><td>-</td><td>5,359</td><td>{ 4,198 814</td><td>387</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note</td></tr><tr><td>1-3/4% Note - 12/15/55-B</td><td>12/15/50</td><td>6,854</td><td>-</td><td>6,854</td><td>{ 4,925 1,469</td><td>460</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note</td></tr><tr><td>Total</td><td></td><td>12,213</td><td>-</td><td>12,213</td><td>11,366</td><td>847</td><td>9,083 of 2-5/8% Certificate 2,283 of 2-7/8% Note</td></tr><tr><td rowspan="3">3/5/56</td><td>1-5/8% Note - 3/15/56-A</td><td>2/15/55</td><td>8,472</td><td>-</td><td>8,472</td><td>{ 6,215 2,109</td><td>148</td><td>2-5/8% Certificate - 2/15/57-A 2-7/8% Note</td></tr><tr><td>1-1/2% Note - 4/1/56-B</td><td>4/1/51</td><td>1,007</td><td>-</td><td>1,007</td><td>1,005</td><td>2</td><td>2-5/8% Certificate - 2/15/57-A</td></tr><tr><td>Total</td><td></td><td>9,479</td><td>-</td><td>9,479</td><td>9,328</td><td>151</td><td>7,219 of 2-5/8% Certificate 2,109 of 2-7/8% Note 10/</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 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/23/56</td><td>2.465% Bill</td><td>12/15/55</td><td>1,501</td><td>1,501 3/</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 2/</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 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>7/16/56</td><td>2% Note - 8/15/56-B 1-1/2% Note - 10/1/56-B0</td><td>5/17/55 10/1/51</td><td>12,547 550</td><td>159 11/ 159</td><td>12,388 550</td><td>11,528 528</td><td>860 22</td><td>2-3/4% Note - 8/1/57-D</td></tr><tr><td>9/15/56</td><td>Total</td><td></td><td>13,097</td><td>159</td><td>12,938</td><td>12,056</td><td>882</td><td></td></tr><tr><td>12/1/56</td><td>2-3/4% Bond - 9/15/56-59</td><td>9/15/36</td><td>982</td><td>982</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>1/16/57</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 7,271</td><td>500</td><td>3-1/4% Certificate - 6/24/57-C 12-3/4% Certificate - 10/1/57-D</td></tr><tr><td>2/15/57</td><td>2.627% Bill</td><td>10/17/56</td><td>1,609</td><td>1,609 12/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>2/15/57</td><td>2.617% Bill</td><td>11/16/56</td><td>1,750</td><td>1,750 12/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>2/15/57</td><td>2-5/8% Certificate - 2/15/57-A</td><td>3/5/56</td><td>7,219</td><td>-</td><td>7,219</td><td>{ 6,394 543</td><td>282</td><td>3-3/8% Certificate - 2/14/58-A 3-1/2% Note - 5/15/60-A</td></tr><tr><td>2/15/57</td><td>2-7/8% Note - 3/15/57-A</td><td>9/15/53</td><td>2,997</td><td>-</td><td>2,997</td><td>{ 1,498 920</td><td>578</td><td>3-3/8% Certificate - 2/14/58-A 3-1/2% Note - 5/15/60-A</td></tr><tr><td>2/15/57</td><td>1-1/2% Note - 4/1/57-B</td><td>4/1/52</td><td>531</td><td>-</td><td>531</td><td>522</td><td>9</td><td>3-3/8% Certificate - 2/14/58-A</td></tr><tr><td>3/22/57</td><td>Total</td><td></td><td>10,747</td><td>-</td><td>10,747</td><td>9,878</td><td>870</td><td>8,414 of 3-3/8% Certificate 1,14,64 of 3-1/2% Note</td></tr><tr><td>3/22/57</td><td>2.585% Bill</td><td>12/17/56</td><td>1,006</td><td>1,006 2/</td><td>-</td><td>-</td><td>-</td><td></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 3/</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>{ 2,351 647</td><td>1,157</td><td>3-1/2% Certificate - 4/15/58-B 3-5/8% Note</td></tr><tr><td>6/24/57</td><td>3.305% Bill</td><td>1/16/57</td><td>1,601</td><td>1,601 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/24/57</td><td>3.231% Bill</td><td>2/15/57</td><td>1,750</td><td>1,750 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/24/57</td><td>3-1/4% Certificate - 6/24/57-C</td><td>12/1/56</td><td>1,312</td><td>1,312 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/1/57</td><td>2-3/4% Note - 8/1/57-D</td><td>7/16/56</td><td>12,056</td><td>-</td><td>12,056</td><td>{ 8,893 1,783 1,099</td><td>342</td><td>3-5/8% Certificate - 12/1/57-E 4% Certificate - 8/1/58-C 4% Note - 8/1/61-A</td></tr><tr><td>8/1/57</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 1,327 1,118</td><td>369</td><td>3-5/8% Certificate - 12/1/57-E 4% Certificate - 8/1/58-C 4% Note - 8/1/61-A</td></tr><tr><td>8/1/57</td><td>3-1/4% Certificate - 10/1/57-D</td><td>12/1/56</td><td>7,271</td><td>-</td><td>7,271</td><td>{ 6,634 319</td><td>318</td><td>4% Certificate - 8/1/58-C 4% Note - 8/1/61-A</td></tr><tr><td>8/1/57</td><td>1-1/2% Note - 10/1/57-B0</td><td>10/1/52</td><td>824</td><td>-</td><td>824</td><td>743 32</td><td>49</td><td>4% Certificate - 8/1/58-C 4% Note - 8/1/61-A</td></tr><tr><td>9/23/57</td><td>Total</td><td></td><td>23,943</td><td>-</td><td>23,943</td><td>22,866</td><td>1,077</td><td>9,871 of 3-5/8% Certificate 10,487 of 4% Certificate 2,509 of 4% Note</td></tr><tr><td>9/23/57</td><td>2.825% Bill</td><td>5/27/57</td><td>1,501</td><td>1,501 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>12/2/57</td><td>3-5/8% Certificate - 12/1/57-E</td><td>8/1/57</td><td>9,971</td><td>-</td><td>9,971</td><td>9,833</td><td>138</td><td>3-3/4% Certificate - 12/1/58-D</td></tr></table>
Footnotes at end of table.
(Continued on following page)
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<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 rowspan="4">2/14/58</td><td>3-3/8% Certificate - 2/14/58-A</td><td>2/15/57</td><td>10,851</td><td>-</td><td>10,851</td><td>{7,493 1,980 1,121}</td><td>257</td><td>2-1/2% Certificate - 2/14/59-A 3% Bond - 2/15/64 3-1/2% Bond - 2/15/90</td></tr><tr><td>2-1/2% Bond - 3/15/56-58</td><td>6/2/41</td><td>1,449</td><td>-</td><td>1,449</td><td>{343 592 350 194 115 25}</td><td>164</td><td>2-1/2% Certificate - 2/14/59-A 3% Bond - 2/15/64 3-1/2% Bond - 2/15/90</td></tr><tr><td>1-1/2% Note - 4/1/58-EA</td><td>4/1/53</td><td>383</td><td>-</td><td>383</td><td></td><td>49</td><td>2-1/2% Certificate - 2/14/59-A 3% Bond - 2/15/64 3-1/2% Bond - 2/15/90</td></tr><tr><td>3-1/4% Bill - 4/15/58</td><td>8/21/57</td><td>1,751</td><td>-</td><td>1,751</td><td>{677 372 96}</td><td>607</td><td>2-1/2% Certificate - 2/14/59-A 3% Bond - 2/15/64 3-1/2% Bond - 2/15/90</td></tr><tr><td></td><td>3-1/2% Certificate - 4/15/58-B</td><td>5/1/57</td><td>2,351</td><td>-</td><td>2,351</td><td>{1,064 796 135}</td><td>357</td><td>2-1/2% Certificate - 2/14/59-A 3% Bond - 2/15/64 3-1/2% Bond - 2/15/90</td></tr><tr><td></td><td>Total</td><td></td><td>16,785</td><td>-</td><td>16,785</td><td>15,351</td><td>1,433</td><td>9,770 of 2-1/2% Certificate 3,854 of 3% Bond 1,727 of 3-1/2% Bond</td></tr><tr><td>3/24/58</td><td>3.485% Bill - 3/24/58</td><td>7/3/57</td><td>3,002</td><td>3,002 3/</td><td>-</td><td></td><td>-</td><td></td></tr><tr><td rowspan="4">6/15/58</td><td>2-7/8% Note - 6/15/58-A</td><td>12/1/55</td><td>4,392</td><td>-</td><td>4,392</td><td>{1,015 3,195</td><td>181</td><td>1-1/4% Certificate - 5/25/59-B 2-5/8% Bond - 2/15/65</td></tr><tr><td>2-3/4% Bond - 6/15/58-63</td><td>6/15/38</td><td>919</td><td>-</td><td>919</td><td>91 800</td><td>28</td><td>1-1/4% Certificate - 5/15/59-B 2-5/8% Bond - 2/15/65</td></tr><tr><td>2-3/8% Bond - 6/15/58</td><td>7/1/52</td><td>4,245</td><td>-</td><td>4,245</td><td>710 3,392</td><td>113</td><td>1-1/4% Certificate - 5/15/59-B 2-5/8% Bond - 2/15/65</td></tr><tr><td>Total</td><td></td><td>9,555</td><td>-</td><td>9,555</td><td>9,204</td><td>351</td><td>1,817 of 1-1/4% Certificate 7,388 of 2-5/8% Bond</td></tr><tr><td>June 158</td><td>2-5/8% Bond - 2/15/65</td><td>6/15/58</td><td>7,388</td><td>104 16/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>July 158</td><td>2-5/8% Bond - 2/15/65</td><td>6/15/58</td><td>7,284</td><td>387 16/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">8/1/58</td><td>4% Certificate - 8/1/58-C 2-1/4% Bond - 9/15/56-59 15/ 2/1/44</td><td>8/1/57</td><td>11,519 3,818</td><td>-</td><td>11,519 3,818</td><td>10,634 2,206</td><td>885 1,612</td><td rowspan="4">1-5/8% Certificate - 8/1/59-C</td></tr><tr><td>2-3/8% Bond - 3/15/57-59 15/ 3/1/52</td><td>3/1/52</td><td>927</td><td>-</td><td>927</td><td>660</td><td>267</td></tr><tr><td>Total</td><td></td><td>16,264</td><td>-</td><td>16,264</td><td>13,500</td><td>2,764</td></tr><tr><td>10/1/58</td><td>1-1/2% Note - 10/1/58-80</td><td>10/1/53</td><td>121</td><td>121</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">12/1/58</td><td>3-3/4% Certificate - 12/1/58-D</td><td>12/1/57</td><td>9,833</td><td>-</td><td>9,833</td><td>{6,433 3,300}</td><td>100</td><td>3-3/8% Certificate - 11/15/59-E 3-5/8% Note - 5/15/61-E</td></tr><tr><td>2-1/2% Bond - 12/15/58</td><td>2/15/53</td><td>2,368</td><td>-</td><td>2,368</td><td>1,277 778</td><td>312</td><td>3-3/8% Certificate - 11/15/59-E 3-5/8% Note - 5/15/61-E</td></tr><tr><td>Total</td><td></td><td>12,201</td><td>-</td><td>12,201</td><td>11,789</td><td>412</td><td>7,711 of 3-3/8% Certificate 4,078 of 3-5/8% Note</td></tr><tr><td></td><td>2-1/2% Certificate - 2/14/59-A</td><td>2/14/58</td><td>9,770</td><td>-</td><td>9,770</td><td>{8,315 579}</td><td>876</td><td>3-3/4% Certificate - 2/15/60-A 4% Note - 2/15/62-D</td></tr><tr><td>2/15/59</td><td>1-7/8% Note - 2/15/59-A</td><td>5/17/54</td><td>5,102</td><td>-</td><td>5,102</td><td>3,048 856</td><td>1,199</td><td>3-3/4% Certificate - 2/15/60-A 4% Note - 2/15/62-D</td></tr><tr><td></td><td>Total</td><td></td><td>14,872</td><td>-</td><td>14,872</td><td>12,798</td><td>2,075</td><td>11,363 of 3-3/4% Certificate 1,435 of 4% Note</td></tr><tr><td>3/24/59</td><td>1-1/2% Certificate - 3/24/59-D</td><td>8/6/58</td><td>3,567</td><td>3,567 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4/1/59</td><td>1-1/2% Note - 4/1/59-EA</td><td>4/1/54</td><td>119</td><td>119</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>5/15/59</td><td>1-1/4% Certificate - 5/15/59-B</td><td>6/15/58</td><td>1,817</td><td>-</td><td>1,817</td><td>1,269</td><td>547</td><td>4% Certificate - 5/15/60-B</td></tr><tr><td>5/15/59</td><td>3-1/4% Bill - 5/15/59</td><td>10/8/58</td><td>2,735</td><td>2,735</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/59</td><td>2.999% Bill - 6/22/59</td><td>11/20/58</td><td>2,997</td><td>2,997 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">8/1/59</td><td>1-5/8% Certificate - 8/1/59-C</td><td>8/1/58</td><td>13,500</td><td>-</td><td>13,500</td><td>{9,128 4,152}</td><td>221</td><td>4-1/3% Note - 8/15/60-C 4-3/4% Note - 5/15/64-A</td></tr><tr><td>4% Note - 8/1/61-A</td><td>8/1/57</td><td>473 16/</td><td>-</td><td>473</td><td>433 32</td><td>8</td><td>4-3/4% Note - 8/15/60-C 4-3/4% Note - 5/15/64-A</td></tr><tr><td>Total</td><td></td><td>13,973</td><td>-</td><td>13,973</td><td>13,715</td><td>228</td><td>9,561 of Note - 8/15/60 4,184 of Note - 5/15/64</td></tr><tr><td>9/21/59</td><td>3.299% Bill - 9/21/59</td><td>2/16/59</td><td>1,502</td><td>1,502 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>10/1/59</td><td>1-1/2% Note - 10/1/59-80</td><td>10/1/54</td><td>99</td><td>99</td><td>-</td><td>-</td><td>-</td><td></td></tr></table>
Footnotee at end of table.
(Continued on following page)
January 1960
41
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<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>Result 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>Ex-changed</th><th>Turned in for cash 2/</th><th></th></tr><tr><td rowspan="4">11/15/59</td><td>3-3/8% Certificate - 11/15/59-E</td><td>12/1/58</td><td>7,711</td><td>-</td><td>7,711</td><td>6,534p 871p</td><td>306p</td><td>4-3/4% Certificate - 11/15/60-C 4-7/8% Note - 11/15/63-C</td></tr><tr><td>3-1/2% Note - 11/15/59-B</td><td>10/10/58</td><td>1,184</td><td>-</td><td>1,184</td><td>504p 457p</td><td>223p</td><td>4-3/4% Certificate - 11/15/60-C 4-7/8% Note - 11/15/63-C</td></tr><tr><td>Total maturities</td><td></td><td>8,894</td><td>-</td><td>8,894</td><td>8,365p</td><td>529p</td><td></td></tr><tr><td>4% Note - 8/15/62-B</td><td>9/26/57</td><td>2,000</td><td>-</td><td>2,000</td><td>1,684p 17/</td><td>-</td><td>4-7/8% Note - 11/15/63-C 7,037p of 4-3/4% Certificate 3,011p of 4-7/8% Note</td></tr><tr><td>Total</td><td></td><td>10,895</td><td>-</td><td>10,895</td><td>10,049p</td><td>529p</td><td></td></tr><tr><td>12/22/59</td><td>3.565% Bill - 12/22/59</td><td>5/15/59</td><td>1,500</td><td>1,500 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>1/15/60</td><td>3.386% Bill - 1/15/60</td><td>4/1/59</td><td>2,006</td><td>2,006 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from a description and allotment reports; final figures are on "clearance" basis in daily Treasury statement.
1/ Original call and maturity date are used.
2/ All by Investors other than Federal Reserve Banks.
3/ Tax anticipation issue; for detail of offerings beginning 1953, see Table 4; for amounts redeemed for taxe and for cash, see tabular note below.
4/ On December 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 Bulletin" for November 1953, page A-1.
5/ Reopening of February 2, 1953, offering (see Table 4).
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 offer was included in the refundings of May 17, 1954.
7/ Reopening of August 3, 1954, offering (see Table 4).
8/ Also designated tax anticipation certificates, acceptable at per plus accrued interest to maturity in payment of income and profits taxe due June 15, 1956.
9/ Reopening of May 3, 1955, offering (see Table 4).
10/ Reopening of November 28, 1955, offering (see Table 4).
11/ During June 1956, $159 million of 2% Treasury notes maturing August 15, 1956, were purchased by the Treasury for account of the Sinking Fund and retired.
12/ Also designated tax anticipation certificates, acceptable at per plus accrued interest to maturity in payment of income and profits taxe due June 15, 1957.
13/ Two issues of special bills, maturing January 16, 1957, and February 1, 1957, respectively, were rolled over into two issues of tax anticipation bills, both maturing June 24, 1957.
14/ During June and July 1958, $491 million of the 2-5/8% Treasury bonds of 1955 were purchased by the Treasury for retirement under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
15/ Called on May 14, 1958, for redemption on September 15, 1958.
16/ Represents amount which owners exercised the option to redeem on August 1, 1959 (see Table 4, footnote 22).
17/ Holders of the L& notes, who have the option to redeem at par on February 15, 1960, by giving notice not later than November 16, 1959, were permitted to exchange their holdings on November 15, 1959, for the L-7/8% notes.
18/ Partially rolled over into a new bill issue dated January 15, 1960; see Table 4.
Preliminary.
Notes: Information on retirement of tax anticipation issues referred to in footnote 3, in millions of dollars:
<table><tr><th>Date of retirement</th><th>Security</th><th>Total amount retired</th><th>Redeemed for taxes</th><th>Redeemed for cash</th></tr><tr><td>3/18/53</td><td>Bill</td><td>2,502</td><td>1,238</td><td>1,264</td></tr><tr><td>6/19/53</td><td>Bill</td><td>2,003</td><td>1,157</td><td>846</td></tr><tr><td>9/18/53</td><td>Bill</td><td>800</td><td>162</td><td>638</td></tr><tr><td>3/22/54</td><td>Certificate</td><td>5,902</td><td>2,669</td><td>3,233</td></tr><tr><td>6/18/54</td><td>Bill</td><td>1,001</td><td>621</td><td>380</td></tr><tr><td>6/24/54</td><td>Bill</td><td>1,501</td><td>1,258</td><td>243</td></tr><tr><td>3/22/55</td><td>Certificate</td><td>3,734</td><td>2,216</td><td>1,518</td></tr><tr><td>6/22/55</td><td>Certificate</td><td>3,100</td><td>1,917</td><td>1,183</td></tr><tr><td>3/22/56</td><td>Certificate</td><td>2,202</td><td>1,574</td><td>528</td></tr><tr><td>3/23/56</td><td>Bill</td><td>1,501</td><td>1,137</td><td>364</td></tr><tr><td>6/22/56</td><td>Certificate</td><td>1,486</td><td>1,013</td><td>473</td></tr><tr><td>6/22/56</td><td>Certificate</td><td>2,970</td><td>1,891</td><td>1,079</td></tr><tr><td>3/22/57</td><td>Bill</td><td>1,006</td><td>473</td><td>533</td></tr><tr><td>3/22/57</td><td>Certificate</td><td>3,221</td><td>1,922</td><td>1,299</td></tr><tr><td>6/22/57</td><td>Bill</td><td>1,601</td><td>1,664</td><td>1,687</td></tr><tr><td>6/24/57</td><td>Bill</td><td>1,750</td><td>1,664</td><td>1,687</td></tr><tr><td>6/24/57</td><td>Certificate</td><td>1,312</td><td>620</td><td>692</td></tr><tr><td>9/23/57</td><td>Bill</td><td>1,501</td><td>613</td><td>888</td></tr><tr><td>3/24/58</td><td>Bill</td><td>3,002</td><td>1,826</td><td>1,176</td></tr><tr><td>3/24/59</td><td>Certificate</td><td>3,567</td><td>1,642</td><td>1,925</td></tr><tr><td>6/22/59</td><td>Bill</td><td>2,997</td><td>1,377</td><td>1,620</td></tr><tr><td>9/21/59</td><td>Bill</td><td>1,502</td><td>860</td><td>642</td></tr><tr><td>12/22/59</td><td>Bill</td><td>1,500</td><td>760p</td><td>740p</td></tr></table>
42
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Series E and H are the only savings bonds now being sold. Series E has been on sale since May 1, 1941, and Series H has been on sale since June 1, 1952. Series A-D were sold from March 1, 1935, through April 30, 1941. Series F and G were sold from May 1, 1941, through April
30, 1952. Series J and K were sold from May 1, 1952, through April 30, 1957. Details of the principal changes in issues, interest yields, maturities, and other savings bonds terms appear in the Treasury Bulletin of May 1951, May 1952, May 1957, and October 1959.
Table 1.- Sales and Redemptions by Series, Cumulative through November 1959
(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 99,901</td><td>1,054 14,223</td><td>5,003 116,135</td><td>4,977 71,618 2/</td><td>- 42,517</td><td>26 -</td><td>- 62.75</td></tr><tr><td>Series E and H</td><td>31,951 2/</td><td>1,160</td><td>33,111</td><td>26,103</td><td>6,762</td><td>246</td><td>41.50</td></tr><tr><td>Total A-K</td><td>135,801</td><td>16,447</td><td>152,249</td><td>102,69</td><td>49,280</td><td>272</td><td>-</td></tr></table>
Source: Daily Treasury statement; Debt Analysis Staff in the Office of the Secretary.
Footnote 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">Redemption 3/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sale price ¼ / ½</th><th>Accrued discount ½</th><th>Interest-bearing debt</th><th>Matured debt</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955-1952</td><td>97,720</td><td>7,382</td><td>105,102</td><td>47,295</td><td>44,762</td><td>2,533</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 ½</td><td>5,496</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 ½</td><td>6,473</td><td>1,231</td><td>7,704</td><td>7,251</td><td>6,483</td><td>768</td><td>58,365</td><td>277</td></tr><tr><td>1956</td><td>5,846</td><td>1,214</td><td>7,060</td><td>7,846</td><td>7,026</td><td>820</td><td>57,497</td><td>360</td></tr><tr><td>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>54,622</td><td>374</td></tr><tr><td>1958</td><td>4,670</td><td>1,226</td><td>5,896</td><td>8,544</td><td>7,703</td><td>841</td><td>51,984</td><td>364</td></tr><tr><td>1959</td><td>4,506</td><td>1,228</td><td>5,734</td><td>7,249</td><td>6,404</td><td>845</td><td>50,503</td><td>331</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>1955-1952</td><td>99,799</td><td>7,991</td><td>107,790</td><td>49,744</td><td>46,962</td><td>2,782</td><td>57,940</td><td>106</td></tr><tr><td>1953</td><td>4,800</td><td>1,237</td><td>6,037</td><td>6,149</td><td>5,552</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>7,492</td><td>7,301</td><td>6,457</td><td>844</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>934</td><td>52,474</td><td>734</td></tr><tr><td>1958</td><td>4,689</td><td>1,235</td><td>5,924</td><td>7,255</td><td>6,527</td><td>729</td><td>51,192</td><td>686</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>1959-January</td><td>486</td><td>127</td><td>613</td><td>867</td><td>829</td><td>39</td><td>50,993</td><td>631</td></tr><tr><td>February</td><td>383</td><td>97</td><td>481</td><td>584</td><td>493</td><td>91</td><td>51,049</td><td>471</td></tr><tr><td>March</td><td>414</td><td>98</td><td>512</td><td>653</td><td>521</td><td>132</td><td>50,980</td><td>399</td></tr><tr><td>April</td><td>350</td><td>84</td><td>434</td><td>624</td><td>538</td><td>86</td><td>50,819</td><td>371</td></tr><tr><td>May</td><td>338</td><td>85</td><td>424</td><td>586</td><td>509</td><td>77</td><td>50,677</td><td>350</td></tr><tr><td>June</td><td>323</td><td>118</td><td>441</td><td>634</td><td>544</td><td>91</td><td>50,503</td><td>331</td></tr><tr><td>July</td><td>350</td><td>127</td><td>478</td><td>775</td><td>680</td><td>96</td><td>50,221</td><td>315</td></tr><tr><td>August</td><td>309</td><td>89</td><td>398</td><td>647</td><td>569</td><td>78</td><td>49,983</td><td>304</td></tr><tr><td>September</td><td>300</td><td>93</td><td>393</td><td>668</td><td>574</td><td>94</td><td>49,721</td><td>291</td></tr><tr><td>October</td><td>358</td><td>87</td><td>445</td><td>762</td><td>658</td><td>83</td><td>49,434</td><td>282</td></tr><tr><td>November</td><td>332</td><td>92</td><td>424</td><td>588</td><td>500</td><td>88</td><td>49,280</td><td>272</td></tr></table>
Source: Daily Treasury statement; Debt Analysis Staff in the Office of the Secretary.
Footnotes at end of Table 4.
January 1960
43
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 colspan="3">Redemptions 3/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 3/ 5/</th><th>Accrued discount 5/</th><th>Interest-bearing debt</th><th>Matured debt</th></tr><tr><td colspan="9">Series E and H combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-1952</td><td>65,266</td><td>5,815</td><td>71,080</td><td>36,175</td><td>34,752</td><td>1,423</td><td>34,905</td><td>-</td></tr><tr><td>1953</td><td>4,061</td><td>1,120</td><td>5,181</td><td>4,038</td><td>3,538</td><td>500</td><td>36,048</td><td>-</td></tr><tr><td>1954 6/</td><td>4,653</td><td>1,126</td><td>5,779</td><td>4,345</td><td>3,791</td><td>554</td><td>37,482</td><td>-</td></tr><tr><td>1955 8/</td><td>5,225</td><td>1,123</td><td>6,348</td><td>4,344</td><td>3,909</td><td>636</td><td>39,285</td><td>-</td></tr><tr><td>1956</td><td>5,260</td><td>1,114</td><td>6,374</td><td>4,770</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>1958</td><td>4,670</td><td>1,161</td><td>5,831</td><td>5,187</td><td>4,472</td><td>715</td><td>42,112</td><td>-</td></tr><tr><td>1959</td><td>4,506</td><td>1,174</td><td>5,680</td><td>5,107</td><td>4,336</td><td>771</td><td>42,716</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>1961-1952</td><td>67,095</td><td>6,372</td><td>73,467</td><td>38,143</td><td>36,486</td><td>1,657</td><td>35,234</td><td>-</td></tr><tr><td>1953</td><td>4,368</td><td>1,126</td><td>5,496</td><td>4,257</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>1958</td><td>4,689</td><td>1,178</td><td>5,867</td><td>4,856</td><td>4,215</td><td>641</td><td>42,589</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>1959-January</td><td>486</td><td>119</td><td>605</td><td>526</td><td>490</td><td>36</td><td>42,668</td><td>-</td></tr><tr><td>February</td><td>383</td><td>94</td><td>477</td><td>410</td><td>327</td><td>83</td><td>42,736</td><td>-</td></tr><tr><td>March</td><td>414</td><td>95</td><td>509</td><td>460</td><td>342</td><td>118</td><td>42,785</td><td>-</td></tr><tr><td>April</td><td>350</td><td>80</td><td>429</td><td>452</td><td>376</td><td>76</td><td>42,762</td><td>-</td></tr><tr><td>May</td><td>338</td><td>82</td><td>420</td><td>433</td><td>363</td><td>71</td><td>42,749</td><td>-</td></tr><tr><td>June</td><td>329</td><td>114</td><td>437</td><td>470</td><td>386</td><td>84</td><td>42,716</td><td>-</td></tr><tr><td>July</td><td>350</td><td>119</td><td>470</td><td>507</td><td>418</td><td>88</td><td>42,679</td><td>-</td></tr><tr><td>August</td><td>309</td><td>86</td><td>395</td><td>454</td><td>386</td><td>68</td><td>42,619</td><td>-</td></tr><tr><td>September</td><td>300</td><td>90</td><td>390</td><td>469</td><td>383</td><td>86</td><td>42,540</td><td>-</td></tr><tr><td>October</td><td>358</td><td>83</td><td>441</td><td>495</td><td>419</td><td>76</td><td>42,486</td><td>-</td></tr><tr><td>November</td><td>332</td><td>89</td><td>421</td><td>390</td><td>311</td><td>79</td><td>42,517</td><td>-</td></tr><tr><td colspan="9">Series F, G, J, and K combined 7/</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>1961-1952</td><td>28,505</td><td>513</td><td>29,018</td><td>6,239</td><td>6,152</td><td>86</td><td>22,780</td><td>-</td></tr><tr><td>1953</td><td>501</td><td>108</td><td>610</td><td>1,552</td><td>1,511</td><td>41</td><td>21,837</td><td>-</td></tr><tr><td>1954 8/</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</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>1958</td><td>*</td><td>65</td><td>65</td><td>3,350</td><td>3,226</td><td>122</td><td>9,862</td><td>331</td></tr><tr><td>1959</td><td>*</td><td>54</td><td>54</td><td>2,137</td><td>2,064</td><td>73</td><td>7,787</td><td>303</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>1961-1952</td><td>28,755</td><td>565</td><td>29,320</td><td>6,704</td><td>6,606</td><td>97</td><td>22,616</td><td>-</td></tr><tr><td>1953</td><td>432</td><td>109</td><td>542</td><td>1,968</td><td>1,909</td><td>59</td><td>21,047</td><td>143</td></tr><tr><td>1954</td><td>1,284</td><td>110</td><td>1,394</td><td>2,526</td><td>2,428</td><td>98</td><td>19,439</td><td>619</td></tr><tr><td>1955</td><td>907</td><td>103</td><td>1,010</td><td>2,636</td><td>2,498</td><td>138</td><td>17,861</td><td>571</td></tr><tr><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>10,896</td><td>698</td></tr><tr><td>1958</td><td>*</td><td>58</td><td>58</td><td>2,399</td><td>2,308</td><td>86</td><td>8,603</td><td>655</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>1959-January</td><td>*</td><td>8</td><td>8</td><td>342</td><td>339</td><td>3</td><td>8,324</td><td>600</td></tr><tr><td>February</td><td>-</td><td>3</td><td>3</td><td>174</td><td>166</td><td>8</td><td>8,313</td><td>441</td></tr><tr><td>March</td><td>*</td><td>3</td><td>3</td><td>192</td><td>179</td><td>13</td><td>8,195</td><td>370</td></tr><tr><td>April</td><td>-</td><td>5</td><td>5</td><td>171</td><td>161</td><td>10</td><td>8,057</td><td>342</td></tr><tr><td>May</td><td>-</td><td>3</td><td>3</td><td>152</td><td>146</td><td>6</td><td>7,928</td><td>321</td></tr><tr><td>June</td><td>-</td><td>4</td><td>4</td><td>164</td><td>158</td><td>7</td><td>7,787</td><td>303</td></tr><tr><td>July</td><td>-</td><td>8</td><td>8</td><td>268</td><td>261</td><td>7</td><td>7,542</td><td>287</td></tr><tr><td>August</td><td>-</td><td>3</td><td>3</td><td>192</td><td>182</td><td>10</td><td>7,364</td><td>276</td></tr><tr><td>September</td><td>*</td><td>3</td><td>3</td><td>198</td><td>190</td><td>8</td><td>7,181</td><td>265</td></tr><tr><td>October</td><td>-</td><td>4</td><td>4</td><td>246</td><td>239</td><td>7</td><td>6,948</td><td>255</td></tr><tr><td>November</td><td>-</td><td>3</td><td>3</td><td>198</td><td>188</td><td>10</td><td>6,762</td><td>246</td></tr></table>
Footnotes at end of Table 4
(Continued on following page)
14 24
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>Sales</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 2/ 3/</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 2/ 3/</th><th>Accrued discount 2/</th><th></th></tr><tr><td colspan="8">Series E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1952</td><td>65,236</td><td>5,815</td><td>71,050</td><td>36,175</td><td>34,752</td><td>1,423</td><td>34,875</td></tr><tr><td>1953</td><td>3,700</td><td>1,120</td><td>4,821</td><td>4,032</td><td>3,532</td><td>500</td><td>35,664</td></tr><tr><td>1954</td><td>3,988</td><td>1,126</td><td>5,114</td><td>4,319</td><td>3,765</td><td>554</td><td>36,458</td></tr><tr><td>1955</td><td>4,095</td><td>1,123</td><td>5,218</td><td>4,490</td><td>3,854</td><td>636</td><td>37,186</td></tr><tr><td>1956</td><td>4,219</td><td>1,114</td><td>5,333</td><td>4,622</td><td>3,964</td><td>658</td><td>37,898</td></tr><tr><td>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><td>1958</td><td>3,889</td><td>1,161</td><td>5,049</td><td>4,951</td><td>4,236</td><td>715</td><td>38,067</td></tr><tr><td>1959</td><td>3,688</td><td>1,174</td><td>4,862</td><td>4,899</td><td>4,118</td><td>771</td><td>38,020</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1952</td><td>66,913</td><td>6,372</td><td>73,285</td><td>38,143</td><td>36,486</td><td>1,657</td><td>35,143</td></tr><tr><td>1953</td><td>3,906</td><td>1,128</td><td>5,034</td><td>4,111</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>1,213</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><td>1958</td><td>3,802</td><td>1,178</td><td>4,979</td><td>4,658</td><td>4,017</td><td>641</td><td>38,206</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1959-January</td><td>375</td><td>119</td><td>494</td><td>509</td><td>473</td><td>36</td><td>38,191</td></tr><tr><td>February</td><td>311</td><td>96</td><td>405</td><td>392</td><td>309</td><td>83</td><td>38,204</td></tr><tr><td>March</td><td>336</td><td>95</td><td>431</td><td>437</td><td>319</td><td>118</td><td>39,198</td></tr><tr><td>April</td><td>289</td><td>80</td><td>369</td><td>433</td><td>357</td><td>76</td><td>38,134</td></tr><tr><td>May</td><td>290</td><td>82</td><td>372</td><td>413</td><td>342</td><td>71</td><td>38,093</td></tr><tr><td>June</td><td>279</td><td>114</td><td>393</td><td>446</td><td>362</td><td>84</td><td>38,040</td></tr><tr><td>July</td><td>297</td><td>119</td><td>416</td><td>479</td><td>391</td><td>88</td><td>37,977</td></tr><tr><td>August</td><td>269</td><td>86</td><td>355</td><td>428</td><td>360</td><td>68</td><td>37,904</td></tr><tr><td>September</td><td>264</td><td>90</td><td>354</td><td>437</td><td>351</td><td>86</td><td>37,821</td></tr><tr><td>October</td><td>299</td><td>83</td><td>382</td><td>466</td><td>390</td><td>76</td><td>37,727</td></tr><tr><td>November</td><td>283</td><td>89</td><td>372</td><td>363</td><td>284</td><td>79</td><td>37,726</td></tr><tr><td colspan="8">Series H</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>30</td><td>-</td><td>30</td><td>-</td><td>-</td><td>-</td><td>30</td></tr><tr><td>1953</td><td>360</td><td>-</td><td>360</td><td>6</td><td>6</td><td>-</td><td>385</td></tr><tr><td>1954</td><td>665</td><td>-</td><td>665</td><td>26</td><td>26</td><td>-</td><td>1,024</td></tr><tr><td>1955</td><td>1,130</td><td>-</td><td>1,130</td><td>55</td><td>55</td><td>-</td><td>2,099</td></tr><tr><td>1956</td><td>1,041</td><td>-</td><td>1,041</td><td>108</td><td>108</td><td>-</td><td>3,031</td></tr><tr><td>1957</td><td>694</td><td>-</td><td>694</td><td>196</td><td>196</td><td>-</td><td>3,529</td></tr><tr><td>1958</td><td>782</td><td>-</td><td>782</td><td>236</td><td>236</td><td>-</td><td>4,075</td></tr><tr><td>1959</td><td>818</td><td>-</td><td>818</td><td>217</td><td>217</td><td>-</td><td>4,676</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1952</td><td>182</td><td>-</td><td>182</td><td>*</td><td>*</td><td>-</td><td>181</td></tr><tr><td>1953</td><td>462</td><td>-</td><td>462</td><td>16</td><td>16</td><td>-</td><td>627</td></tr><tr><td>1954</td><td>866</td><td>-</td><td>866</td><td>38</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>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>143</td><td>-</td><td>3,310</td></tr><tr><td>1957</td><td>631</td><td>-</td><td>631</td><td>248</td><td>248</td><td>-</td><td>3,693</td></tr><tr><td>1958</td><td>887</td><td>-</td><td>887</td><td>198</td><td>198</td><td>-</td><td>4,383</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1959-January</td><td>111</td><td>-</td><td>111</td><td>17</td><td>17</td><td>-</td><td>4,477</td></tr><tr><td>February</td><td>72</td><td>-</td><td>72</td><td>17</td><td>17</td><td>-</td><td>4,531</td></tr><tr><td>March</td><td>78</td><td>-</td><td>78</td><td>23</td><td>23</td><td>-</td><td>4,587</td></tr><tr><td>April</td><td>60</td><td>-</td><td>60</td><td>19</td><td>19</td><td>-</td><td>4,628</td></tr><tr><td>May</td><td>48</td><td>-</td><td>48</td><td>21</td><td>21</td><td>-</td><td>4,655</td></tr><tr><td>June</td><td>44</td><td>-</td><td>44</td><td>24</td><td>24</td><td>-</td><td>4,676</td></tr><tr><td>July</td><td>54</td><td>-</td><td>54</td><td>28</td><td>28</td><td>-</td><td>4,702</td></tr><tr><td>August</td><td>40</td><td>-</td><td>40</td><td>26</td><td>26</td><td>-</td><td>4,715</td></tr><tr><td>September</td><td>36</td><td>-</td><td>36</td><td>32</td><td>32</td><td>-</td><td>4,719</td></tr><tr><td>October</td><td>59</td><td>-</td><td>59</td><td>29</td><td>29</td><td>-</td><td>4,769</td></tr><tr><td>November</td><td>49</td><td>-</td><td>49</td><td>27</td><td>27</td><td>-</td><td>4,771</td></tr></table>
Source: Daily Treasury statement; Debt Analysis Staff in the office of the Secretary.
Footnotes at end of Table 4.
January 1960
45
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th>Period</th><th>Total</th><th colspan="5">Matured bonds</th><th colspan="3">Unmatured bonds</th></tr><tr><th></th><th></th><th>Total matured $/</th><th>Serles A-D</th><th colspan="3">Series E</th><th>Serles F and G</th><th>Total unmatured $/ 2/</th><th>Sales price 4/</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 end K</th><th></th><th></th><th></th><th></th></tr><tr><td>Placal 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>1951</td><td>6,137</td><td>817</td><td>779</td><td>38</td><td>37</td><td>1</td><td>-</td><td>5,320</td><td>4,996</td><td>324</td></tr><tr><td>1952</td><td>5,109</td><td>792</td><td>90</td><td>702</td><td>694</td><td>9</td><td>-</td><td>4,317</td><td>4,046</td><td>271</td></tr><tr><td>1953</td><td>5,621</td><td>1,761</td><td>31</td><td>1,128</td><td>1,126</td><td>2</td><td>602 8/</td><td>3,860</td><td>3,622</td><td>238</td></tr><tr><td>1954</td><td>6,515</td><td>2,747</td><td>18</td><td>1,487</td><td>1,486</td><td>1</td><td>1,241 8/</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>3,583</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>1958</td><td>8,544</td><td>3,730</td><td>6</td><td>1,906</td><td>1,906</td><td>-</td><td>1,818</td><td>4,814</td><td>4,640</td><td>174</td></tr><tr><td>1959</td><td>7,249</td><td>3,621</td><td>5</td><td>1,996</td><td>1,996</td><td>-</td><td>1,620</td><td>3,626</td><td>3,465</td><td>163</td></tr><tr><td>Calender 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>4,571</td><td>308</td></tr><tr><td>1952</td><td>5,074</td><td>1,015</td><td>47</td><td>968</td><td>962</td><td>6</td><td>-</td><td>4,059</td><td>3,806</td><td>253</td></tr><tr><td>1953</td><td>6,149</td><td>2,318</td><td>24</td><td>1,328</td><td>1,326</td><td>2</td><td>967 8/</td><td>3,811</td><td>3,613</td><td>217</td></tr><tr><td>1954</td><td>6,985</td><td>3,171</td><td>14</td><td>1,500</td><td>1,499</td><td>1</td><td>1,657</td><td>3,811</td><td>3,655</td><td>159</td></tr><tr><td>1955</td><td>7,301</td><td>4,230</td><td>13</td><td>2,047</td><td>2,047</td><td>1</td><td>2,169</td><td>3,071</td><td>2,904</td><td>167</td></tr><tr><td>1956</td><td>8,264</td><td>4,266</td><td>10</td><td>1,892</td><td>1,892</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>1958</td><td>7,255</td><td>3,393</td><td>5</td><td>1,691</td><td>1,691</td><td>-</td><td>1,697</td><td>3,862</td><td>3,723</td><td>140</td></tr><tr><td>Month:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1959-January</td><td>867</td><td>145</td><td>*</td><td>90</td><td>90</td><td>-</td><td>55</td><td>722</td><td>711</td><td>8</td></tr><tr><td>February</td><td>584</td><td>374</td><td>1</td><td>215</td><td>215</td><td>-</td><td>158</td><td>210</td><td>193</td><td>17</td></tr><tr><td>March</td><td>652</td><td>628</td><td>1</td><td>317</td><td>317</td><td>-</td><td>310</td><td>25</td><td>4</td><td>21</td></tr><tr><td>April</td><td>624</td><td>374</td><td>*</td><td>197</td><td>197</td><td>-</td><td>177</td><td>250</td><td>233</td><td>16</td></tr><tr><td>May</td><td>586</td><td>304</td><td>1</td><td>178</td><td>178</td><td>-</td><td>125</td><td>282</td><td>266</td><td>16</td></tr><tr><td>June</td><td>634</td><td>340</td><td>*</td><td>212</td><td>212</td><td>-</td><td>127</td><td>294</td><td>276</td><td>19</td></tr><tr><td>July</td><td>775</td><td>348</td><td>1</td><td>224</td><td>224</td><td>-</td><td>123</td><td>428</td><td>408</td><td>17</td></tr><tr><td>August</td><td>647</td><td>272</td><td>*</td><td>172</td><td>172</td><td>-</td><td>99</td><td>375</td><td>356</td><td>20</td></tr><tr><td>September</td><td>668</td><td>318</td><td>*</td><td>218</td><td>218</td><td>-</td><td>99</td><td>350</td><td>330</td><td>20</td></tr><tr><td>October</td><td>742</td><td>279</td><td>*</td><td>189</td><td>189</td><td>-</td><td>90</td><td>463</td><td>444</td><td>19</td></tr><tr><td>November</td><td>583</td><td>295</td><td>1</td><td>196</td><td>196</td><td>-</td><td>99</td><td>293</td><td>271</td><td>22</td></tr></table>
Source: Daily Treasury statement; Debt Analysis Staff in the Office of the Secretary.
Note: In these tables Series A-F and J sales are included at issue price and 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.
1/ Details by series on a cumulative basis and by periods for Series A-D combined will be found in the February 1952 and previous issues of the "Treasury Bulletin."
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952.
3/ Includes both matured and unmatured bonds; see Table 4.
4/ Includes total value of redemptions not yet classified between matured and unmatured bonds.
5/ A change in procedure, beginning in June 1954, for processing redeemed savings bonds has resulted in a high level of redemptions not yet classified between matured and unmatured bonds. This increase tempo-
rarily obscures the relationship between the redemption columns showing sales prices and accrued discount in Tables 2 through 4, and also the relationship between the matured and unmatured sections of Table 4. (See also footnote 4.) The subsequent distribution of this high level of unclassified redemptions may be large enough in any month to show redemptions of matured bonds for a series in Table 4, which are greater than the total redemptions of that series as shown in Table 3, and to show a negative in the unmatured section of Table 4. Reductions were made in series and redemptions of Series E, H, F, G, J, and K in July 1954, to compensate for the erroneous inclusion of rediss transactions in June 1954, as reported in the daily Treasury statement. The amounts involved were as follows: $18 million for Series E and Series F and $14 million for Series G, H, J, K, and K; and $35 million for unclassified retirements. Series F and G sales were discontinued April 30, 1952, and Series J and K sales were discontinued April 30, 1957. Sales figures after April 30, 1957, represent adjustments. Includes exchanges of Series 1941 F and G savings bonds for Treasury 3-1/4% bonds of 1978-83. * Less than $500,000.
46
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total Federal securities outstanding 1/</th><th colspan="6">Interest-bearing securities issued by the U. S. Government</th><th colspan="3">Interest-bearing securities guaranteed by the U. S. Government 4/</th><th rowspan="2">Matured debt and debt bearing no interest</th></tr><tr><th>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 2/ 6/</th></tr><tr><th></th><th></th><th>Total</th><th>Public issues</th><th>Special issues</th><th>Held by Federal Reserve Banks - public issues</th><th>Total</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th></th><th></th><th></th></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>44</td><td>2,244</td></tr><tr><td>1953</td><td>266,123</td><td>263,966</td><td>47,560</td><td>7,021</td><td>40,538</td><td>24,746</td><td>191,660</td><td>119,129</td><td>72,511</td><td>51</td><td>*</td><td>51</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>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>2,634</td></tr><tr><td>1956</td><td>272,825</td><td>269,883</td><td>53,470</td><td>8,356</td><td>45,114</td><td>23,758</td><td>192,655</td><td>126,304</td><td>66,351</td><td>73</td><td>25</td><td>48</td><td>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>127,179</td><td>62,770</td><td>106</td><td>50</td><td>56</td><td>2,042</td></tr><tr><td>1958</td><td>276,444</td><td>274,698</td><td>55,842</td><td>9,596</td><td>46,246</td><td>25,438</td><td>199,418</td><td>134,593</td><td>58,825</td><td>101</td><td>54</td><td>46</td><td>1,646</td></tr><tr><td>1959</td><td>284,817</td><td>281,833</td><td>54,554</td><td>9,799</td><td>44,756</td><td>26,044</td><td>201,235</td><td>144,983</td><td>56,252</td><td>110</td><td>63</td><td>47</td><td>2,873</td></tr><tr><td>1958-December</td><td>283,031</td><td>280,839</td><td>54,338</td><td>9,498</td><td>44,840</td><td>26,347</td><td>200,154</td><td>142,620</td><td>57,534</td><td>108</td><td>59</td><td>49</td><td>2,084</td></tr><tr><td>1959-January</td><td>285,907</td><td>283,808</td><td>53,479</td><td>9,573</td><td>43,907</td><td>25,715</td><td>204,614</td><td>147,394</td><td>57,220</td><td>105</td><td>58</td><td>46</td><td>1,994</td></tr><tr><td>February</td><td>285,216</td><td>283,243</td><td>53,590</td><td>9,720</td><td>43,870</td><td>25,350</td><td>204,304</td><td>147,087</td><td>57,217</td><td>111</td><td>60</td><td>51</td><td>1,861</td></tr><tr><td>March</td><td>282,153</td><td>280,089</td><td>53,645</td><td>9,705</td><td>43,940</td><td>25,497</td><td>200,947</td><td>143,930</td><td>57,017</td><td>118</td><td>62</td><td>56</td><td>1,986</td></tr><tr><td>April</td><td>285,460</td><td>283,497</td><td>53,020</td><td>9,742</td><td>43,278</td><td>25,703</td><td>204,774</td><td>148,086</td><td>56,688</td><td>106</td><td>62</td><td>44</td><td>1,856</td></tr><tr><td>May</td><td>286,410</td><td>284,473</td><td>54,127</td><td>9,924</td><td>44,203</td><td>25,905</td><td>204,442</td><td>147,974</td><td>56,468</td><td>107</td><td>62</td><td>44</td><td>1,830</td></tr><tr><td>June</td><td>284,817</td><td>281,833</td><td>54,554</td><td>9,799</td><td>44,756</td><td>26,044</td><td>201,235</td><td>144,983</td><td>56,252</td><td>110</td><td>63</td><td>47</td><td>2,873</td></tr><tr><td>July</td><td>288,792</td><td>285,840</td><td>54,037</td><td>9,976</td><td>44,061</td><td>26,543</td><td>205,259</td><td>149,321</td><td>55,939</td><td>109</td><td>63</td><td>45</td><td>2,844</td></tr><tr><td>August</td><td>290,506</td><td>287,599</td><td>54,584</td><td>9,862</td><td>44,723</td><td>26,690</td><td>206,325</td><td>150,672</td><td>55,653</td><td>110</td><td>63</td><td>47</td><td>2,798</td></tr><tr><td>September</td><td>288,412</td><td>285,486</td><td>54,184</td><td>9,784</td><td>44,400</td><td>26,563</td><td>204,739</td><td>149,455</td><td>55,284</td><td>115</td><td>63</td><td>52</td><td>2,810</td></tr><tr><td>October</td><td>291,372</td><td>288,478</td><td>53,491</td><td>9,895</td><td>43,596</td><td>26,631</td><td>208,356</td><td>153,645</td><td>54,711</td><td>118</td><td>64</td><td>54</td><td>2,776</td></tr><tr><td>November</td><td>290,713</td><td>287,742</td><td>53,698</td><td>10,117</td><td>43,582</td><td>26,922</td><td>207,122</td><td>152,638</td><td>54,484</td><td>124</td><td>68</td><td>56</td><td>2,847</td></tr></table>
Source: Daily Treasury statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government investment accounts; and reports from Federal Reserve System for securities held by Federal Reserve Banks. 1/ Includes certain obligations not subject to statutory limitation. For amounts subject to limitation, see page 1. 2/ Includes accounts under the control of certain U. S. Government agencies whose investments are handled outside the Treasury.
2/ 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/ All public marketable issues except for 1952, which includes $1 million of Commodity Credit Corporation demand obligations.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
<table><tr><th>Year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>-4</td><td>-9</td><td>*</td><td>*</td><td>-4.3</td><td>-4.4</td><td>-3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>*</td><td>-1.7</td><td>-2</td><td>-4</td><td>*</td><td>*</td><td>*</td><td>-2</td><td>*</td><td>60.0</td></tr><tr><td>1942</td><td>-5</td><td>30.0</td><td>5.8</td><td>-3</td><td>*</td><td>-3</td><td>-2.3</td><td>-8.4</td><td>-4.5</td><td>1.0</td><td>*</td><td>*</td></tr><tr><td>1943</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>-4</td><td>-35.2</td><td>-145.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>*</td><td>-5.0</td><td>4.8</td></tr><tr><td>1944</td><td>-9.9</td><td>-105.1</td><td>-11.5</td><td>-16.5</td><td>-10.0</td><td>20.5</td><td>-18.5</td><td>-19.0</td><td>-28.1</td><td>*</td><td>-5.9</td><td>-12.0</td></tr><tr><td>1945</td><td>-67.5</td><td>-48.1</td><td>-5.9</td><td>-55.6</td><td>-34.4</td><td>-56.4</td><td>-17.0</td><td>-2</td><td>-12.5</td><td>-3</td><td>*</td><td>*</td></tr><tr><td>1946</td><td>-8.1</td><td>-7</td><td>*</td><td>3.3</td><td>-4</td><td>-69.8</td><td>-157.8</td><td>-41.2</td><td>-74.1</td><td>-123.0</td><td>-57.6</td><td>-20.3</td></tr><tr><td>1947</td><td>-1</td><td>*</td><td>-4.7</td><td>-61.3</td><td>-338.6</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>221.0</td><td>696.4</td></tr><tr><td>1948</td><td>-2</td><td>177.4</td><td>106.8</td><td>-12.1</td><td>-30.4</td><td>1.1</td><td>5.4</td><td>4.4</td><td>7.2</td><td>-1</td><td>-8</td><td>-2</td></tr><tr><td>1949</td><td>8.8</td><td>-1.8</td><td>5.1</td><td>1.5</td><td>-54.7</td><td>-88.4</td><td>-1</td><td>3.8</td><td>4.6</td><td>-1.7</td><td>11.5</td><td>-1</td></tr><tr><td>1950</td><td>-6.6</td><td>13.5</td><td>6.3</td><td>1.1</td><td>-1.9</td><td>5.1</td><td>8.2</td><td>-2.0</td><td>5.0</td><td>5.8</td><td>10.7</td><td>7.0</td></tr><tr><td>1951</td><td>36.8</td><td>261.2</td><td>482.7</td><td>8.4</td><td>11.4</td><td>3.5</td><td>-2</td><td>4.7</td><td>2.8</td><td>8.4</td><td>-3.6</td><td>29.0</td></tr><tr><td>1952</td><td>22.1</td><td>6.7</td><td>-5</td><td>19.9</td><td>2.9</td><td>1.5</td><td>1.4</td><td>1.9</td><td>3.5</td><td>16.5</td><td>11.7</td><td>8.2</td></tr><tr><td>1953</td><td>24.6</td><td>8.8</td><td>12.9</td><td>36.2</td><td>35.9</td><td>20.1</td><td>7.9</td><td>4</td><td>38.4</td><td>17.0</td><td>-1.1</td><td>-6</td></tr><tr><td>1954</td><td>7.0</td><td>-4.0</td><td>-22.4</td><td>-2.9</td><td>2.8</td><td>-45.5</td><td>-21.7</td><td>-17.2</td><td>-10.0</td><td>21.1</td><td>14.2</td><td>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>21.3</td></tr><tr><td>1957</td><td>14.3</td><td>72.6</td><td>13.4</td><td>35.4</td><td>313.4</td><td>15.8</td><td>182.4</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>-2.1</td><td>-86.3</td><td>177.2</td><td>445.5</td><td>19.1</td><td>10.6</td><td>17.3</td><td>55.1</td><td>43.7</td></tr><tr><td>1959</td><td>14.1</td><td>23.0</td><td>62.2</td><td>44.0</td><td>53.1</td><td>9.9</td><td>32.2</td><td>18.3</td><td>28.3</td><td>41.1</td><td>71.6</td><td></td></tr></table>
1/ Consists of purchases or sales made by the Treasury of securities issued or guaranteed by the U. S. Government for (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department. It will be noted that these
transactions differ from those reflected in Table 1 because they exclude those Government investment accounts for which investments are not handled by the Treasury. Table 2 also includes purchases under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a), and excludes the Exchange Stabilization Fund. Less than $50,000.
January 1960
47
OWNERSHIP OF FEDERAL SECURITIES
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
<table><tr><th>End of month</th><th>Total Federal securities outstanding 2/</th><th colspan="3">Held by banks</th><th>U. S. Government investment accounts 4/</th><th colspan="6">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks 2/</th><th>Federal Reserve Banks</th><th></th><th>Total</th><th>Individuals 5/</th><th>Saving bonds</th><th>Other</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 6/</th><th>State and local governments 7/</th><th>Miscellaneous investors 8/</th></tr><tr><td>1939-December</td><td>47.6</td><td>18.4</td><td>15.9</td><td>2.5</td><td>6.5</td><td>22.7</td><td>10.1</td><td>1.9</td><td>8.2</td><td>6.3</td><td>3.1</td><td>2.2</td><td>.4</td><td>.7</td></tr><tr><td>1940-June</td><td>48.5</td><td>18.6</td><td>16.1</td><td>2.5</td><td>7.1</td><td>22.8</td><td>10.1</td><td>2.6</td><td>7.5</td><td>6.5</td><td>3.1</td><td>2.1</td><td>.4</td><td>.7</td></tr><tr><td>December</td><td>50.9</td><td>19.5</td><td>17.3</td><td>2.2</td><td>7.6</td><td>23.9</td><td>10.6</td><td>2.8</td><td>7.8</td><td>6.9</td><td>3.2</td><td>2.0</td><td>.5</td><td>.7</td></tr><tr><td>1941-June</td><td>55.3</td><td>21.8</td><td>19.7</td><td>2.2</td><td>8.5</td><td>25.0</td><td>11.2</td><td>3.6</td><td>7.6</td><td>7.1</td><td>3.4</td><td>2.0</td><td>.6</td><td>.7</td></tr><tr><td>December</td><td>64.3</td><td>23.7</td><td>21.4</td><td>2.3</td><td>9.5</td><td>31.0</td><td>13.6</td><td>5.4</td><td>8.2</td><td>8.2</td><td>3.7</td><td>4.0</td><td>.7</td><td>.9</td></tr><tr><td>1942-June</td><td>77.0</td><td>28.7</td><td>26.0</td><td>2.6</td><td>10.6</td><td>37.7</td><td>17.8</td><td>9.1</td><td>8.7</td><td>9.2</td><td>3.9</td><td>4.9</td><td>.9</td><td>1.1</td></tr><tr><td>December</td><td>112.5</td><td>47.3</td><td>41.1</td><td>6.2</td><td>12.2</td><td>53.0</td><td>23.7</td><td>13.4</td><td>10.3</td><td>11.3</td><td>4.5</td><td>10.1</td><td>1.0</td><td>2.3</td></tr><tr><td>1943-June</td><td>140.8</td><td>59.4</td><td>52.2</td><td>7.2</td><td>14.3</td><td>67.0</td><td>30.9</td><td>19.2</td><td>11.7</td><td>13.1</td><td>5.3</td><td>12.9</td><td>1.5</td><td>3.4</td></tr><tr><td>December</td><td>170.1</td><td>71.5</td><td>59.9</td><td>11.5</td><td>16.9</td><td>81.7</td><td>37.6</td><td>24.7</td><td>12.9</td><td>15.1</td><td>6.1</td><td>16.4</td><td>2.1</td><td>4.4</td></tr><tr><td>1944-June</td><td>202.6</td><td>83.3</td><td>68.4</td><td>14.9</td><td>19.1</td><td>100.2</td><td>46.1</td><td>31.2</td><td>14.9</td><td>17.3</td><td>7.3</td><td>20.2</td><td>3.2</td><td>6.1</td></tr><tr><td>December</td><td>232.1</td><td>96.5</td><td>77.7</td><td>18.8</td><td>21.7</td><td>114.0</td><td>53.3</td><td>36.2</td><td>17.1</td><td>19.6</td><td>8.3</td><td>21.4</td><td>4.3</td><td>7.0</td></tr><tr><td>1945-June</td><td>259.1</td><td>106.0</td><td>84.2</td><td>21.8</td><td>24.9</td><td>128.2</td><td>59.1</td><td>40.7</td><td>18.5</td><td>22.7</td><td>9.6</td><td>23.3</td><td>5.3</td><td>8.3</td></tr><tr><td>December</td><td>278.7</td><td>115.0</td><td>90.8</td><td>24.3</td><td>27.0</td><td>136.6</td><td>64.1</td><td>42.9</td><td>21.2</td><td>24.0</td><td>10.7</td><td>22.2</td><td>6.5</td><td>9.1</td></tr><tr><td>1946-February 2/</td><td>279.8</td><td>116.7</td><td>93.8</td><td>22.9</td><td>28.0</td><td>135.1</td><td>64.1</td><td>43.3</td><td>20.8</td><td>24.4</td><td>11.1</td><td>19.9</td><td>6.7</td><td>8.9</td></tr><tr><td>June</td><td>269.9</td><td>108.2</td><td>84.4</td><td>23.8</td><td>29.1</td><td>132.6</td><td>63.3</td><td>43.5</td><td>19.9</td><td>24.9</td><td>11.5</td><td>17.8</td><td>6.5</td><td>8.6</td></tr><tr><td>December</td><td>259.5</td><td>97.9</td><td>74.5</td><td>23.3</td><td>30.9</td><td>130.7</td><td>64.2</td><td>44.2</td><td>20.1</td><td>24.9</td><td>11.8</td><td>15.3</td><td>6.3</td><td>8.1</td></tr><tr><td>1947-June</td><td>258.4</td><td>91.9</td><td>70.0</td><td>21.9</td><td>32.8</td><td>133.7</td><td>66.6</td><td>45.5</td><td>21.1</td><td>24.6</td><td>12.1</td><td>13.7</td><td>7.1</td><td>9.6</td></tr><tr><td>December</td><td>297.0</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>292.9</td><td>85.8</td><td>62.5</td><td>23.3</td><td>37.3</td><td>129.7</td><td>65.5</td><td>47.8</td><td>17.6</td><td>21.2</td><td>11.5</td><td>14.8</td><td>7.9</td><td>8.9</td></tr><tr><td>1949-June</td><td>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>297.2</td><td>85.7</td><td>66.8</td><td>18.9</td><td>39.4</td><td>132.1</td><td>66.3</td><td>49.3</td><td>17.0</td><td>20.1</td><td>11.4</td><td>16.8</td><td>8.1</td><td>9.4</td></tr><tr><td>1950-June</td><td>257.4</td><td>83.9</td><td>65.6</td><td>18.3</td><td>37.8</td><td>135.6</td><td>67.4</td><td>49.9</td><td>17.6</td><td>19.8</td><td>11.6</td><td>18.4</td><td>8.7</td><td>9.7</td></tr><tr><td>December</td><td>256.7</td><td>82.6</td><td>61.8</td><td>20.8</td><td>39.2</td><td>134.9</td><td>66.3</td><td>49.6</td><td>16.7</td><td>18.7</td><td>10.9</td><td>19.7</td><td>8.8</td><td>10.5</td></tr><tr><td>1951-June</td><td>255.3</td><td>81.4</td><td>58.4</td><td>23.0</td><td>41.0</td><td>132.9</td><td>65.4</td><td>49.1</td><td>16.3</td><td>17.1</td><td>10.2</td><td>20.1</td><td>9.4</td><td>10.7</td></tr><tr><td>December</td><td>259.5</td><td>85.4</td><td>61.6</td><td>23.8</td><td>42.3</td><td>131.8</td><td>64.6</td><td>49.1</td><td>15.5</td><td>16.5</td><td>9.8</td><td>20.7</td><td>9.6</td><td>10.6</td></tr><tr><td>1952-June</td><td>259.2</td><td>84.0</td><td>61.1</td><td>22.9</td><td>44.3</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>65.2r</td><td>49.2</td><td>16.0</td><td>16.0r</td><td>9.5</td><td>19.9</td><td>11.1</td><td>11.7</td></tr><tr><td>1953-June</td><td>266.1</td><td>83.6</td><td>58.8</td><td>24.7</td><td>47.6</td><td>135.0</td><td>66.1</td><td>49.3</td><td>16.8r</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>64.8r</td><td>49.4</td><td>15.4r</td><td>15.9r</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>64.7r</td><td>49.5</td><td>15.1r</td><td>15.4r</td><td>9.1</td><td>16.6</td><td>13.9</td><td>13.7</td></tr><tr><td>December</td><td>278.8</td><td>94.1</td><td>69.2</td><td>24.9</td><td>49.6</td><td>135.1</td><td>63.4r</td><td>50.0</td><td>13.5r</td><td>15.3r</td><td>8.8</td><td>19.2</td><td>14.4</td><td>13.9</td></tr><tr><td>1955-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>65.0r</td><td>50.2</td><td>14.8r</td><td>15.0r</td><td>8.7</td><td>18.8</td><td>14.7</td><td>14.4</td></tr><tr><td>December</td><td>280.8</td><td>86.8</td><td>62.0</td><td>24.8</td><td>51.7</td><td>142.3</td><td>65.0r</td><td>50.2</td><td>14.8r</td><td>14.6r</td><td>8.5</td><td>23.5</td><td>15.1</td><td>15.6</td></tr><tr><td>1956-June</td><td>272.8</td><td>81.0</td><td>57.3</td><td>23.8</td><td>53.5</td><td>138.3</td><td>66.6r</td><td>50.3</td><td>16.3r</td><td>13.6r</td><td>8.4</td><td>17.7</td><td>15.7</td><td>16.3</td></tr><tr><td>December</td><td>276.7</td><td>84.4</td><td>59.5</td><td>24.9</td><td>54.0</td><td>138.2</td><td>65.7r</td><td>50.1</td><td>15.6r</td><td>13.2r</td><td>8.0</td><td>19.1</td><td>16.1</td><td>16.1</td></tr><tr><td>1957-June</td><td>270.6</td><td>79.2</td><td>56.2</td><td>23.0</td><td>55.6</td><td>135.9</td><td>66.3r</td><td>49.1</td><td>17.2r</td><td>12.7r</td><td>7.9</td><td>16.1</td><td>16.9</td><td>16.0</td></tr><tr><td>December</td><td>275.0</td><td>83.7</td><td>59.5</td><td>24.2</td><td>55.2</td><td>136.1</td><td>65.1r</td><td>48.2</td><td>16.9r</td><td>12.5r</td><td>7.6</td><td>17.2</td><td>17.0</td><td>16.5</td></tr><tr><td>1958-March</td><td>272.7</td><td>83.5</td><td>59.9</td><td>23.6</td><td>55.4</td><td>133.8</td><td>65.2r</td><td>48.1</td><td>17.1r</td><td>12.4r</td><td>7.6</td><td>16.0</td><td>17.3</td><td>15.4</td></tr><tr><td>June</td><td>276.4</td><td>90.7</td><td>65.3</td><td>25.4</td><td>55.9</td><td>129.9</td><td>64.2r</td><td>48.0</td><td>16.1r</td><td>12.2r</td><td>7.4</td><td>13.9</td><td>16.9</td><td>15.2</td></tr><tr><td>July</td><td>275.6</td><td>89.8</td><td>65.3</td><td>24.5</td><td>55.6</td><td>130.2</td><td>63.9r</td><td>47.9</td><td>16.0r</td><td>12.4r</td><td>7.4</td><td>14.5</td><td>16.9r</td><td>15.0</td></tr><tr><td>August</td><td>278.6</td><td>92.1</td><td>66.8</td><td>25.3</td><td>56.0</td><td>130.5</td><td>63.5r</td><td>47.9</td><td>15.6r</td><td>12.5r</td><td>7.5</td><td>15.3</td><td>16.8r</td><td>14.9</td></tr><tr><td>September</td><td>276.8</td><td>90.8</td><td>65.8</td><td>25.0</td><td>55.6</td><td>130.4</td><td>63.4r</td><td>47.9</td><td>15.6r</td><td>12.5r</td><td>7.4</td><td>15.0</td><td>16.7r</td><td>15.3</td></tr><tr><td>October</td><td>280.3</td><td>92.4</td><td>67.0</td><td>25.4</td><td>55.1</td><td>132.8</td><td>63.5r</td><td>47.8</td><td>15.7r</td><td>12.7r</td><td>7.4</td><td>16.8</td><td>16.8r</td><td>15.8</td></tr><tr><td>November</td><td>283.2</td><td>94.2</td><td>68.0</td><td>26.2</td><td>54.8</td><td>134.2</td><td>63.4r</td><td>47.8</td><td>15.6r</td><td>12.7r</td><td>7.3</td><td>18.0</td><td>16.7r</td><td>16.0</td></tr><tr><td>December</td><td>283.0</td><td>93.9</td><td>67.5</td><td>26.3</td><td>54.4</td><td>134.8</td><td>63.5</td><td>47.7</td><td>15.8</td><td>12.7r</td><td>7.3</td><td>18.2</td><td>16.7r</td><td>16.5</td></tr><tr><td>1959-January</td><td>285.9</td><td>94.0</td><td>68.2</td><td>25.7</td><td>53.5</td><td>138.4</td><td>64.6r</td><td>47.7</td><td>16.9r</td><td>13.0r</td><td>7.3</td><td>19.8</td><td>17.0r</td><td>16.7</td></tr><tr><td>February</td><td>285.2</td><td>91.7</td><td>66.3</td><td>25.3</td><td>53.6</td><td>139.9</td><td>65.3r</td><td>47.6</td><td>17.7r</td><td>12.8r</td><td>7.4</td><td>20.2</td><td>16.9r</td><td>17.3</td></tr><tr><td>March</td><td>282.2</td><td>88.7</td><td>63.2</td><td>25.5</td><td>53.7</td><td>139.7</td><td>66.2r</td><td>47.5</td><td>18.7r</td><td>12.6r</td><td>7.4</td><td>19.5</td><td>16.8r</td><td>17.2</td></tr><tr><td>April</td><td>285.5</td><td>90.4</td><td>64.7</td><td>25.7</td><td>53.1</td><td>142.0</td><td>66.5r</td><td>47.3</td><td>19.2r</td><td>12.6r</td><td>7.4</td><td>20.9</td><td>16.9r</td><td>17.8</td></tr><tr><td>May</td><td>286.4</td><td>89.2</td><td>63.2</td><td>25.9</td><td>54.2</td><td>143.1</td><td>66.7r</td><td>47.2</td><td>19.5r</td><td>12.6r</td><td>7.4</td><td>21.4</td><td>16.8r</td><td>18.2</td></tr><tr><td>June</td><td>284.8</td><td>87.4</td><td>61.3</td><td>26.0</td><td>54.6</td><td>142.8</td><td>66.8r</td><td>47.0</td><td>19.7r</td><td>12.5r</td><td>7.3</td><td>20.0</td><td>16.7r</td><td>19.4</td></tr><tr><td>July</td><td>288.8</td><td>88.4</td><td>61.8</td><td>26.5</td><td>54.1</td><td>146.3</td><td>67.2r</td><td>46.9</td><td>20.4r</td><td>12.6r</td><td>7.3</td><td>21.8r</td><td>17.0r</td><td>20.4</td></tr><tr><td>August</td><td>290.5</td><td>87.5</td><td>60.8</td><td>26.7</td><td>54.6</td><td>148.4</td><td>67.7r</td><td>46.7</td><td>21.0r</td><td>12.7r</td><td>7.3</td><td>22.8r</td><td>17.2r</td><td>20.6</td></tr><tr><td>September</td><td>288.4</td><td>86.5</td><td>60.0</td><td>26.6</td><td>54.2</td><td>147.6</td><td>68.3</td><td>46.5</td><td>21.8</td><td>12.6</td><td>7.3</td><td>21.3</td><td>17.3</td><td>21.0</td></tr><tr><td>October p</td><td>291.4</td><td>87.1</td><td>60.4</td><td>26.6</td><td>53.6</td><td>150.7</td><td>69.1</td><td>46.3</td><td>22.8</td><td>12.6</td><td>7.0</td><td>22.9</td><td>17.4</td><td>21.7</td></tr></table>
Source: Debt Analysis Staff in the Office of the Secretary.
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 issued by the Treasury. For amounts subject to statutory debt limitation, see page 1.
3/ Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
4/ Holdings by Federal land banks are included under "Miscellaneous investment fund of "U.S. Government investments 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."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State, ... local governments and their agencies, and Territories and island possessions.
In the 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.
Immediate postwar debt peak.
Preliminary.
Revised.
48
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1959
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 1.- Summary of All Securities
(Par values - in millions of dollars)
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding 1/</th><th colspan="5">Held by investors covered in Treasury Survey</th></tr><tr><th>6,402 commercial banks 2/ 3/</th><th>515 mutual savings banks 2/</th><th>Insurance companies 305 1119</th><th>536 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 4/</th></tr><tr><td><b>Interest-bearing securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public marketable.................</td><td>187,551</td><td>52,296</td><td>6,144</td><td>4,923</td><td>4,375</td><td>33,853</td><td>85,961</td></tr><tr><td>Public nonmarketable 5/.............</td><td>57,449</td><td>878 6/</td><td>836</td><td>1,950</td><td>300</td><td>2,776</td><td>50,748</td></tr><tr><td>Special issues....................</td><td>43,596</td><td>-</td><td>-</td><td>-</td><td>-</td><td>43,596</td><td>-</td></tr><tr><td>Total interest-bearing securities.....</td><td>288,596</td><td>53,174</td><td>6,979</td><td>6,873</td><td>4,675</td><td>80,185</td><td>136,709</td></tr><tr><td>Natured debt and debt bearing no interest 7/....</td><td>2,776</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total securities issued or guaranteed by the U. S. Government 8/.....................</td><td>291,372</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Table 4.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par value - in millions of dollars)
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</th><th colspan="5">Held by investors covered in Treasury Survey</th></tr><tr><th>6,402 commercial banks 2/ 2/</th><th>515 mutual savings banks 2/</th><th>Insurance companies 305 life</th><th>536 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 6/</th></tr><tr><td>Type of security:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Issued by U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills.</td><td>39,130</td><td>4,545</td><td>136</td><td>344</td><td>205</td><td>2,743</td><td>31,150</td></tr><tr><td>Certificates of Indebtedness.</td><td>20,343</td><td>2,153</td><td>116</td><td>90</td><td>199</td><td>10,866</td><td>6,882</td></tr><tr><td>Treasury notes.</td><td>43,141</td><td>13,256</td><td>893</td><td>21</td><td>775</td><td>12,664</td><td>15,312</td></tr><tr><td>Treasury bonds.</td><td>84,770</td><td>32,322</td><td>4,950</td><td>4,234</td><td>3,193</td><td>7,510</td><td>32,560</td></tr><tr><td>Panam Canal bonds.</td><td>50</td><td>7</td><td>-</td><td>-</td><td>2</td><td>-</td><td>41</td></tr><tr><td>Guaranteed securities 8/.</td><td>118</td><td>8</td><td>19</td><td>13</td><td>*</td><td>64</td><td>14</td></tr><tr><td>Total.</td><td>187,551</td><td>52,296</td><td>6,144</td><td>4,923</td><td>4,375</td><td>33,853</td><td>85,961</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>84,556</td><td>13,441</td><td>627</td><td>645</td><td>999</td><td>20,794</td><td>48,049</td></tr><tr><td>1 to 5 years.</td><td>64,814</td><td>30,436</td><td>2,621</td><td>953</td><td>2,110</td><td>8,264</td><td>20,400</td></tr><tr><td>5 to 10 years.</td><td>29,324</td><td>7,875</td><td>2,179</td><td>2,440</td><td>1,007</td><td>3,952</td><td>11,871</td></tr><tr><td>10 to 15 years.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>15 to 20 years.</td><td>2,256</td><td>113</td><td>191</td><td>106</td><td>68</td><td>245</td><td>1,534</td></tr><tr><td>20 years and over.</td><td>6,448</td><td>423</td><td>506</td><td>766</td><td>161</td><td>534</td><td>4,094</td></tr><tr><td>Guaranteed securities 8/.</td><td>118</td><td>8</td><td>19</td><td>13</td><td>*</td><td>64</td><td>14</td></tr><tr><td>Total.</td><td>187,551</td><td>52,296</td><td>6,144</td><td>4,923</td><td>4,375</td><td>33,853</td><td>85,961</td></tr><tr><td>Tax status: 9/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes.</td><td>50</td><td>7</td><td>-</td><td>-</td><td>2</td><td>-</td><td>41</td></tr><tr><td>Partially exempt from Federal income taxes.</td><td>1,485</td><td>1,323</td><td>*</td><td>*</td><td>27</td><td>*</td><td>135</td></tr><tr><td>Subject to Federal income taxes 10/.</td><td>186,016</td><td>50,966</td><td>6,143</td><td>4,923</td><td>4,346</td><td>33,853</td><td>85,785</td></tr><tr><td>Total.</td><td>187,551</td><td>52,296</td><td>6,144</td><td>4,923</td><td>4,375</td><td>33,853</td><td>85,961</td></tr></table>
Footnotes at end of Table 4.
January 1960
49
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1959
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
<table><tr><th>Issue (Tax status 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 4/</th></tr><tr><th></th><th></th><th>6,402 commercial banks 2/ 3/</th><th>515 mutual savings banks 2/</th><th>Insurance companies 305 life</th><th>536 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><td>Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Regular weekly..... (taxable)</td><td>25,613</td><td>2,146</td><td>81</td><td>167</td><td>125</td><td>2,395</td><td>20,701</td></tr><tr><td>Tax anticipation..... (taxable)</td><td>7,506</td><td>1,549</td><td>19</td><td>126</td><td>27</td><td>43</td><td>5,742</td></tr><tr><td>Special..... (taxable)</td><td>6,010</td><td>850</td><td>36</td><td>51</td><td>54</td><td>311</td><td>4,708</td></tr><tr><td>Total Treasury bills.....</td><td>39,130</td><td>4,545</td><td>136</td><td>344</td><td>205</td><td>2,749</td><td>31,150</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>3-3/8 November 1959-E..... (taxable)</td><td>7,711</td><td>585</td><td>56</td><td>43</td><td>47</td><td>5,085</td><td>1,894</td></tr><tr><td>3-3/4 February 1960-A..... (taxable)</td><td>11,363</td><td>1,321</td><td>57</td><td>42</td><td>132</td><td>5,656</td><td>4,155</td></tr><tr><td>4 May 1960-B..... (taxable)</td><td>1,269</td><td>252</td><td>33</td><td>5</td><td>20</td><td>125</td><td>83</td></tr><tr><td>Total certificates of indebtedness.....</td><td>20,343</td><td>2,158</td><td>146</td><td>90</td><td>199</td><td>10,866</td><td>6,884</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/2 November 1959-B..... (taxable)</td><td>1,184</td><td>337</td><td>34</td><td>21</td><td>17</td><td>24</td><td>750</td></tr><tr><td>3-1/2 May 1960-A..... (taxable)</td><td>2,406</td><td>822</td><td>36</td><td>4</td><td>78</td><td>255</td><td>1,211</td></tr><tr><td>3-1/4 May 1960-B..... (taxable)</td><td>2,738</td><td>855</td><td>18</td><td>73</td><td>31</td><td>13</td><td>1,769</td></tr><tr><td>4-3/4 August 1960-C..... (taxable)</td><td>9,561</td><td>808</td><td>61</td><td>17</td><td>45</td><td>5,613</td><td>3,017</td></tr><tr><td>3-5/8 August 1961-A..... (taxable)</td><td>4,078</td><td>573</td><td>14</td><td>4</td><td>20</td><td>2,928</td><td>560</td></tr><tr><td>4 August 1961-A..... (taxable)</td><td>2,136</td><td>628</td><td>29</td><td>2</td><td>44</td><td>260</td><td>1,173</td></tr><tr><td>3-5/8 February 1962-A..... (taxable)</td><td>647</td><td>162</td><td>8</td><td>1</td><td>23</td><td>323</td><td>151</td></tr><tr><td>4 February 1962-D..... (taxable)</td><td>1,435</td><td>640</td><td>35</td><td>*</td><td>46</td><td>11</td><td>702</td></tr><tr><td>4 August 1962-B..... (taxable)</td><td>2,000</td><td>1,139</td><td>109</td><td>5</td><td>50</td><td>78</td><td>565</td></tr><tr><td>3-3/4 November 1962-C..... (taxable)</td><td>1,143</td><td>599</td><td>53</td><td>2</td><td>58</td><td>95</td><td>335</td></tr><tr><td>2-5/8 February 1963-A..... (taxable)</td><td>3,971</td><td>2,979</td><td>77</td><td>29</td><td>75</td><td>165</td><td>646</td></tr><tr><td>4 May 1963-B..... (taxable)</td><td>1,743</td><td>759</td><td>93</td><td>3</td><td>29</td><td>100</td><td>759</td></tr><tr><td>4-3/4 May 1964-A..... (taxable)</td><td>4,184</td><td>524</td><td>102</td><td>3</td><td>31</td><td>2,679</td><td>846</td></tr><tr><td>5 August 1964-B..... (taxable)</td><td>2,316</td><td>434</td><td>133</td><td>23</td><td>56</td><td>107</td><td>1,563</td></tr><tr><td>1-1/2 April 1960-EA..... (taxable)</td><td>198</td><td>48</td><td>7</td><td>*</td><td>13</td><td>6</td><td>123</td></tr><tr><td>1-1/2 October 1960-EO..... (taxable)</td><td>278</td><td>118</td><td>–</td><td>*</td><td>10</td><td>8</td><td>142</td></tr><tr><td>1-1/2 April 1961-EA..... (taxable)</td><td>144</td><td>70</td><td>–</td><td>*</td><td>10</td><td>–</td><td>64</td></tr><tr><td>1-1/2 October 1961-EO..... (taxable)</td><td>332</td><td>189</td><td>1</td><td>2</td><td>21</td><td>–</td><td>120</td></tr><tr><td>1-1/2 April 1962-EA..... (taxable)</td><td>551</td><td>311</td><td>8</td><td>2</td><td>42</td><td>–</td><td>188</td></tr><tr><td>1-1/2 October 1962-EO..... (taxable)</td><td>590</td><td>389</td><td>12</td><td>8</td><td>10</td><td>–</td><td>171</td></tr><tr><td>1-1/2 April 1963-EA..... (taxable)</td><td>533</td><td>321</td><td>27</td><td>16</td><td>21</td><td>–</td><td>148</td></tr><tr><td>1-1/2 October 1963-EO..... (taxable)</td><td>506</td><td>306</td><td>9</td><td>5</td><td>15</td><td>–</td><td>171</td></tr><tr><td>1-1/2 April 1964-EA..... (taxable)</td><td>457</td><td>201</td><td>28</td><td>20</td><td>30</td><td>–</td><td>177</td></tr><tr><td>1-1/2 October 1964-EO..... (taxable)</td><td>12</td><td>8</td><td>–</td><td>2</td><td>*</td><td>–</td><td>2</td></tr><tr><td>Total Treasury notes.....</td><td>43,141</td><td>13,256</td><td>893</td><td>241</td><td>775</td><td>12,664</td><td>15,312</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4 June 1959-62..... (taxable)</td><td>5,265</td><td>2,394</td><td>133</td><td>38</td><td>255</td><td>520</td><td>1,926</td></tr><tr><td>2-1/4 December 1959-62..... (taxable)</td><td>3,154</td><td>1,357</td><td>57</td><td>57</td><td>146</td><td>741</td><td>1,096</td></tr><tr><td>2-1/8 November 1960..... (taxable)</td><td>3,806</td><td>1,701</td><td>12</td><td>2</td><td>110</td><td>39</td><td>1,944</td></tr><tr><td>2-3/4 December 1960-65..... (partially)</td><td>1,485</td><td>1,323</td><td>*</td><td>*</td><td>27</td><td>*</td><td>135</td></tr><tr><td>2-3/4 September 1961..... (taxable)</td><td>2,239</td><td>1,251</td><td>79</td><td>7</td><td>132</td><td>45</td><td>726</td></tr><tr><td>2-1/2 November 1961..... (taxable)</td><td>11,177</td><td>6,503</td><td>190</td><td>51</td><td>401</td><td>167</td><td>3,865</td></tr><tr><td>2-1/2 June 1962-67..... (taxable)</td><td>2,110</td><td>823</td><td>199</td><td>116</td><td>139</td><td>270</td><td>564</td></tr><tr><td>2-1/2 August 1963..... (taxable)</td><td>6,755</td><td>4,483</td><td>111</td><td>21</td><td>282</td><td>55</td><td>1,804</td></tr><tr><td>2-1/2 December 1963-68..... (taxable)</td><td>2,818</td><td>669</td><td>412</td><td>270</td><td>217</td><td>425</td><td>826</td></tr><tr><td>3 February 1964..... (taxable)</td><td>3,854</td><td>2,643</td><td>72</td><td>3</td><td>62</td><td>65</td><td>1,010</td></tr><tr><td>2-1/2 June 1964-69..... (taxable)</td><td>3,761</td><td>765</td><td>808</td><td>359</td><td>188</td><td>455</td><td>1,165</td></tr><tr><td>2-1/2 December 1964-69..... (taxable)</td><td>3,815</td><td>800</td><td>600</td><td>491</td><td>126</td><td>524</td><td>1,254</td></tr><tr><td>2-5/8 February 1965..... (taxable)</td><td>6,896</td><td>3,805</td><td>126</td><td>70</td><td>273</td><td>618</td><td>2,015</td></tr><tr><td>2-1/2 March 1965-70..... (taxable)</td><td>4,696</td><td>474</td><td>606</td><td>821</td><td>152</td><td>1,230</td><td>1,412</td></tr><tr><td>2-1/2 March 1966-71..... (taxable)</td><td>2,943</td><td>201</td><td>297</td><td>745</td><td>91</td><td>700</td><td>909</td></tr><tr><td>3 August 1966..... (taxable)</td><td>1,484</td><td>872</td><td>78</td><td>3</td><td>41</td><td>109</td><td>382</td></tr><tr><td>2-1/2 June 1967-72..... (taxable)</td><td>1,823</td><td>102</td><td>150</td><td>82</td><td>42</td><td>150</td><td>1,297</td></tr><tr><td>2-1/2 September 1967-72..... (taxable)</td><td>2,716</td><td>1,199</td><td>160</td><td>13</td><td>101</td><td>237</td><td>1,007</td></tr><tr><td>2-1/2 December 1967-72..... (taxable)</td><td>3,674</td><td>132</td><td>110</td><td>184</td><td>125</td><td>226</td><td>2,908</td></tr><tr><td>4 October 1969..... (taxable)</td><td>1,276</td><td>289</td><td>63</td><td>31</td><td>48</td><td>157</td><td>688</td></tr><tr><td>3-7/8 November 1974..... (taxable)</td><td>654</td><td>57</td><td>121</td><td>22</td><td>29</td><td>100</td><td>325</td></tr><tr><td>3-1/4 June 1978-83..... (taxable)</td><td>1,602</td><td>56</td><td>71</td><td>84</td><td>39</td><td>144</td><td>1,208</td></tr><tr><td>4 February 1980..... (taxable)</td><td>884</td><td>34</td><td>53</td><td>106</td><td>23</td><td>89</td><td>579</td></tr><tr><td>3-1/4 May 1985..... (taxable)</td><td>1,135</td><td>203</td><td>69</td><td>191</td><td>33</td><td>119</td><td>520</td></tr><tr><td>3-1/2 February 1990..... (taxable)</td><td>1,727</td><td>119</td><td>159</td><td>233</td><td>53</td><td>149</td><td>1,013</td></tr><tr><td>3 February 1995..... (taxable)</td><td>2,738</td><td>66</td><td>226</td><td>236</td><td>51</td><td>178</td><td>1,982</td></tr><tr><td>Total Treasury bonds.....</td><td>84,770</td><td>32,322</td><td>4,950</td><td>4,234</td><td>3,199</td><td>7,510</td><td>32,560</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
50
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1959
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
<table><tr><th rowspan="2">Issue (Tax status 2/ is shown in parentheses)</th><th rowspan="2">Total amount outstanding</th><th colspan="5">Held by investore covered in Treasury Survey</th><th rowspan="2">Held by all other investors 4/</th></tr><tr><th>6,402 commercial banks 2/ 2/</th><th>515 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>305 life</th><th>536 fire, casualty, and marine</th><th></th><th></th></tr><tr><td>Panama Canal bonds....................(wholly)</td><td>50</td><td>7</td><td>-</td><td>-</td><td>2</td><td>-</td><td>41</td></tr><tr><td>Guaranteed securities 8/....................(taxable 11/)</td><td>118</td><td>8</td><td>19</td><td>13</td><td>*</td><td>64</td><td>14</td></tr><tr><td>Total public marketable securities............</td><td>187,551</td><td>52,296</td><td>6,144</td><td>4,923</td><td>4,375</td><td>33,853</td><td>85,961</td></tr></table>
Footnotes et end of Table 4.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Per 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>6,402 commercial banks 2/ 2/</th><th>515 mutual savings banks 2/</th><th>305 life insurance companies</th><th>536 fire, casualty, and marine</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>2/</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>37,737</td><td>-</td><td>*</td><td>*</td><td>*</td><td>2</td><td>37,735</td></tr><tr><td>Series F 5/..................... (taxable)</td><td>836</td><td>155</td><td>1</td><td>3</td><td>28</td><td>*</td><td>649</td></tr><tr><td>Series G..................... (taxable)</td><td>3,763</td><td>302</td><td>110</td><td>61</td><td>102</td><td>7</td><td>3,182</td></tr><tr><td>Series H..................... (taxable)</td><td>4,749</td><td>-</td><td>*</td><td>*</td><td>*</td><td>1</td><td>4,748</td></tr><tr><td>Series J 5/..................... (taxable)</td><td>659</td><td>*</td><td>-</td><td>1</td><td>7</td><td>2</td><td>649</td></tr><tr><td>Series K..................... (taxable)</td><td>1,689</td><td>2</td><td>23</td><td>6</td><td>20</td><td>5</td><td>1,634</td></tr><tr><td>Total United States savings bonds.....................</td><td>49,434</td><td>459</td><td>133</td><td>71</td><td>157</td><td>16</td><td>48,597</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>191</td><td>191 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>543</td><td>120</td><td>35</td><td>145</td><td>20</td><td>100</td><td>122</td></tr><tr><td>Investment Series B..................... (taxable)</td><td>7,282</td><td>108</td><td>667</td><td>1,734</td><td>123</td><td>2,619</td><td>2,030</td></tr><tr><td>Total other U. S. securities.....................</td><td>8,015</td><td>419 6/</td><td>702</td><td>1,879</td><td>144</td><td>2,720</td><td>2,151</td></tr><tr><td>Total public nonmarketable securities.....................</td><td>57,449</td><td>878 6/</td><td>836</td><td>1,950</td><td>300</td><td>2,736</td><td>50,748</td></tr></table>
1/ Include certain obligations not subject to statutory debt limitation. For amount subject to limitation, see page 1.
2/ Excludes trust departments.
3/ Includes trust companies and, beginning with figures for July 1949, also includes stock savings banks. Previously, those banks were
reported as a separate classification. 4/ Includes those banks and insurance companies not reporting in the
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
6/ Includes $82 million depositary bonds held by commercial banks not included in the Treasury Survey.
7/ Holdings by reporting investors not available.
Excludes guaranteed securities held by the Treasury. Federal securities fall into three broad classes with respect to the imposition of Federal income taxes on income derived from them. "Wholly" tax-exempt securities are those with the income exempt from both normal tax and surtax. "Partially" tax-exempt securities are those with the income exempt from the normal tax except that in the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any one holder is also exempt from the surtax. "Taxable" securities are those with the income subject to normal tax and surtax.
Remaining footnotes on following page.
January 1960
51
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1959
Section II - Interest-Bearing Securities Issued by Federal Agencies but Not Guaranteed by the United States Government
(Par values - in millions of dollars)
<table><tr><th colspan="2">Issue (Tax status 2/ is shown in parentheses)</th><th rowspan="2">Total amount outstanding 12/</th><th colspan="5">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors</th></tr><tr><th></th><th></th><th>6,402 commercial banks 2/ 3/</th><th>515 mutual savings banks 2/</th><th>305 life</th><th>536 fire, casualty, and marine</th><th>U.S. Government investment accounts and Federal Reserve Banks</th></tr><tr><td colspan="8">Banks for cooperatives:</td></tr><tr><td>4-1/4 December 1959 (Debentures)....(taxable)</td><td>130</td><td>39</td><td>2</td><td>-</td><td>*</td><td>-</td><td>88</td></tr><tr><td>4-7/8 February 1960 (Debentures)....(taxable)</td><td>113</td><td>14</td><td>8</td><td>*</td><td>2</td><td>-</td><td>88</td></tr><tr><td>5-3/8 April 1960 (Debentures)....(taxable)</td><td>112</td><td>21</td><td>7</td><td>*</td><td>2</td><td>-</td><td>83</td></tr><tr><td>Total banks for cooperatives securities.......</td><td>355</td><td>74</td><td>17</td><td>1</td><td>4</td><td>-</td><td>259</td></tr><tr><td colspan="8">Federal home loan banks: 13/</td></tr><tr><td>3.80% January 1960 (Notes)....(taxable)</td><td>80</td><td>11</td><td>2</td><td>1</td><td>1</td><td>-</td><td>66</td></tr><tr><td>4-3/8 February 1960 (Notes)....(taxable)</td><td>199</td><td>39</td><td>6</td><td>2</td><td>3</td><td>-</td><td>148</td></tr><tr><td>4-7/8 February 1960 (Notes)....(taxable)</td><td>310</td><td>41</td><td>14</td><td>4</td><td>3</td><td>-</td><td>268</td></tr><tr><td>4-1/2 March 1960 (Notes)....(taxable)</td><td>124</td><td>13</td><td>3</td><td>*</td><td>3</td><td>-</td><td>105</td></tr><tr><td>4-65 April 1960 (Notes)....(taxable)</td><td>247</td><td>24</td><td>14</td><td>2</td><td>5</td><td>-</td><td>202</td></tr><tr><td>5 June 1960 (Notes)....(taxable)</td><td>181</td><td>30</td><td>7</td><td>*</td><td>5</td><td>-</td><td>139</td></tr><tr><td>5-40 July 1960 (Notes)....(taxable)</td><td>134</td><td>16</td><td>5</td><td>*</td><td>4</td><td>-</td><td>109</td></tr><tr><td>3-1/8 April 1963 (Bonds)....(taxable)</td><td>261</td><td>85</td><td>9</td><td>1</td><td>4</td><td>-</td><td>162</td></tr><tr><td>Total Federal home loan bank securities.......</td><td>1,536</td><td>260</td><td>59</td><td>10</td><td>28</td><td>-</td><td>1,178</td></tr><tr><td colspan="8">Federal intermediate credit banks:</td></tr><tr><td>Debentures.......</td><td>1,471</td><td>246</td><td>70</td><td>6</td><td>23</td><td>-</td><td>1,127</td></tr><tr><td colspan="8">Federal land banks: 14/</td></tr><tr><td>5% January 1960 (Bonds)....(taxable)</td><td>164</td><td>31</td><td>3</td><td>*</td><td>2</td><td>-</td><td>127</td></tr><tr><td>2-1/4 February 1960 (Bonds)....(taxable)</td><td>124</td><td>58</td><td>1</td><td>*</td><td>3</td><td>-</td><td>63</td></tr><tr><td>3-3/4 February 1960 (Bonds)....(taxable)</td><td>89</td><td>22</td><td>3</td><td>*</td><td>2</td><td>1</td><td>62</td></tr><tr><td>3-7/8 April 1960 (Bonds)....(taxable)</td><td>201</td><td>46</td><td>9</td><td>-</td><td>1</td><td>-</td><td>115</td></tr><tr><td>2-1/2 June 1960 (Bonds)....(taxable)</td><td>106</td><td>37</td><td>3</td><td>*</td><td>2</td><td>-</td><td>64</td></tr><tr><td>3-3/8 April 1961 (Bonds)....(taxable)</td><td>83</td><td>30</td><td>5</td><td>1</td><td>2</td><td>-</td><td>45</td></tr><tr><td>4 September 1961 (Bonds)....(taxable)</td><td>120</td><td>34</td><td>4</td><td>*</td><td>2</td><td>-</td><td>80</td></tr><tr><td>4 May 1962 (Bonds)....(taxable)</td><td>125</td><td>20</td><td>3</td><td>1</td><td>1</td><td>-</td><td>100</td></tr><tr><td>4-7/8 August 1962 (Bonds)....(taxable)</td><td>98</td><td>20</td><td>8</td><td>1</td><td>5</td><td>-</td><td>65</td></tr><tr><td>2-3/4 May 1963 (Bonds)....(taxable)</td><td>122</td><td>70</td><td>6</td><td>1</td><td>1</td><td>-</td><td>44</td></tr><tr><td>3-1/4 May 1966 (Bonds)....(taxable)</td><td>108</td><td>38</td><td>9</td><td>*</td><td>4</td><td>-</td><td>57</td></tr><tr><td>4-1/8 February 1967-72 (Bonds)....(taxable)</td><td>72</td><td>2</td><td>5</td><td>5</td><td>1</td><td>-</td><td>60</td></tr><tr><td>4-1/2 October 1967-70 (Bonds)....(taxable)</td><td>75</td><td>4</td><td>7</td><td>1</td><td>4</td><td>-</td><td>58</td></tr><tr><td>4-1/4 March 1968 (Bonds)....(taxable)</td><td>86</td><td>7</td><td>4</td><td>1</td><td>*</td><td>-</td><td>74</td></tr><tr><td>4-3/8 March 1969 (Bonds)....(taxable)</td><td>100</td><td>9</td><td>5</td><td>3</td><td>2</td><td>-</td><td>89</td></tr><tr><td>4-5/8 July 1969 (Bonds)....(taxable)</td><td>60</td><td>2</td><td>4</td><td>1</td><td>1</td><td>-</td><td>51</td></tr><tr><td>3-1/2 April 1970 (Bonds)....(taxable)</td><td>83</td><td>8</td><td>10</td><td>1</td><td>1</td><td>-</td><td>64</td></tr><tr><td>3-1/2 May 1971 (Bonds)....(taxable)</td><td>60</td><td>*</td><td>6</td><td>3</td><td>2</td><td>-</td><td>48</td></tr><tr><td>3-7/8 September 1972 (Bonds)....(taxable)</td><td>109</td><td>*</td><td>5</td><td>5</td><td>4</td><td>-</td><td>96</td></tr><tr><td>Total Federal land bank securities.......</td><td>1,986</td><td>438</td><td>99</td><td>25</td><td>40</td><td>1</td><td>1,383</td></tr><tr><td colspan="8">Federal National Mortgage Association:</td></tr><tr><td>3.70% November 1959 (Debentures)....(taxable)</td><td>150</td><td>29</td><td>19</td><td>12</td><td>3</td><td>2</td><td>84</td></tr><tr><td>3-3/4 December 1959 (Debentures)....(taxable)</td><td>100</td><td>10</td><td>3</td><td>1</td><td>1</td><td>-</td><td>86</td></tr><tr><td>4-1/2 March 1960 (Debentures)....(taxable)</td><td>150</td><td>17</td><td>7</td><td>2</td><td>5</td><td>-</td><td>119</td></tr><tr><td>5-30 April 1960 (Debentures)....(taxable)</td><td>100</td><td>14</td><td>3</td><td>1</td><td>1</td><td>-</td><td>81</td></tr><tr><td>4 June 1960 (Debentures)....(taxable)</td><td>100</td><td>19</td><td>4</td><td>*</td><td>5</td><td>-</td><td>72</td></tr><tr><td>3-5/8 August 1960 (Notes)....(taxable)</td><td>797</td><td>310</td><td>40</td><td>3</td><td>18</td><td>3</td><td>421</td></tr><tr><td>5-1/8 September 1961 (Debentures)....(taxable)</td><td>150</td><td>24</td><td>8</td><td>1</td><td>7</td><td>-</td><td>110</td></tr><tr><td>3-1/2 February 1962 (Debentures)....(taxable)</td><td>200</td><td>51</td><td>23</td><td>2</td><td>8</td><td>-</td><td>116</td></tr><tr><td>3-1/4 March 1963 (Debentures)....(taxable)</td><td>150</td><td>50</td><td>15</td><td>*</td><td>4</td><td>-</td><td>80</td></tr><tr><td>4-1/8 November 1963 (Debentures)....(taxable)</td><td>100</td><td>21</td><td>5</td><td>*</td><td>7</td><td>-</td><td>67</td></tr><tr><td>4-3/8 June 1965 (Debentures)....(taxable)</td><td>100</td><td>23</td><td>12</td><td>3</td><td>3</td><td>1</td><td>58</td></tr><tr><td>3-5/8 March 1968 (Debentures)....(taxable)</td><td>100</td><td>14</td><td>7</td><td>1</td><td>5</td><td>-</td><td>73</td></tr><tr><td>4-3/8 April 1969 (Debentures)....(taxable)</td><td>90</td><td>5</td><td>16</td><td>2</td><td>4</td><td>-</td><td>63</td></tr><tr><td>Total Federal National Mortgage Association securities.......</td><td>2,287</td><td>587</td><td>161</td><td>28</td><td>71</td><td>7</td><td>1,434</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 the Federal Housing Administration debentures is partially tax-exempt.
12/ Includes only publicly offered issues.
13/ The proprietary interest of the United States in these banks added in July 1951.
16/ The proprietary interest of the United States in these banks ended in June 1947.
* Less than $500,000.
52
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1959
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 colspan="2">Amount outstanding (millions)</th><th colspan="2">Issue date</th><th rowspan="2">Maturity date</th><th colspan="2">Bank discount</th><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Issue date</th><th rowspan="2">Maturity date</th><th colspan="2">Bank discount</th></tr><tr><th>13-week</th><th>26-week</th><th>13-week</th><th>26-week</th><th>Bid</th><th>Change from last month</th><th>Bid</th><th>Change from last month</th></tr><tr><td colspan="6">Regular weekly bills - 13 and 26 weeks</td><td colspan="5">Regular weekly bills - 26 weeks</td></tr><tr><td>$1,100</td><td>$400</td><td>9/3/59</td><td>6/1/59</td><td>12/3/59</td><td>3.25%</td><td>+2.00%</td><td>$405</td><td>10/8/59</td><td>4/7/60</td><td>4.55%</td><td>+2.77%</td></tr><tr><td>1,200</td><td>500</td><td>9/10/59</td><td>6/11/59</td><td>12/10/59</td><td>3.10</td><td>+0.5</td><td>400</td><td>10/15/59</td><td>4/11/60</td><td>4.60</td><td>+3.32</td></tr><tr><td>1,200</td><td>500</td><td>9/18/59</td><td>6/18/59</td><td>12/17/59</td><td>3.10</td><td>—</td><td>400</td><td>10/22/59</td><td>4/21/60</td><td>4.62</td><td>+3.34</td></tr><tr><td>1,201</td><td>500</td><td>9/31/59</td><td>6/25/59</td><td>12/21/59</td><td>3.10</td><td>—</td><td>401</td><td>10/29/59</td><td>4/28/60</td><td>4.65</td><td>+3.38</td></tr><tr><td>1,100</td><td>500</td><td>10/1/59</td><td>7/2/59</td><td>12/31/59</td><td>3.10</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>1,200</td><td>400</td><td>10/8/59</td><td>7/9/59</td><td>1/7/60</td><td>3.95</td><td>—</td><td>400</td><td>11/5/59</td><td>5/5/60</td><td>4.70</td><td>—</td></tr><tr><td>1,201</td><td>401</td><td>10/15/59</td><td>7/16/59</td><td>1/11/60</td><td>4.06</td><td>+0.08</td><td>400</td><td>11/12/59</td><td>5/12/60</td><td>4.72</td><td>—</td></tr><tr><td>1,000</td><td>400</td><td>10/22/59</td><td>7/23/59</td><td>1/21/60</td><td>4.12</td><td>+0.12</td><td>400</td><td>11/19/59</td><td>5/19/60</td><td>4.75</td><td>—</td></tr><tr><td>1,000</td><td>401</td><td>10/29/59</td><td>7/30/59</td><td>1/28/60</td><td>4.15</td><td>+0.15</td><td>—</td><td>—</td><td>5/26/60</td><td>4.80</td><td>—</td></tr><tr><td>1,000</td><td>400</td><td>11/5/59</td><td>8/6/59</td><td>2/4/60</td><td>4.32</td><td>+0.32</td><td colspan="4">Tax anticipation bills</td><td>—</td></tr><tr><td>1,200</td><td>400</td><td>11/12/59</td><td>8/13/59</td><td>2/11/60</td><td>4.38</td><td>+0.38</td><td>$1,500</td><td>5/15/59</td><td>12/22/59</td><td>3.10%</td><td>—0.95%</td></tr><tr><td>1,201</td><td>400</td><td>11/19/59</td><td>8/20/59</td><td>2/18/60</td><td>4.40</td><td>+0.35</td><td>3,005</td><td>7/8/59</td><td>3/22/60</td><td>4.66</td><td>+0.44</td></tr><tr><td>1,200</td><td>400</td><td>11/27/59</td><td>8/27/59</td><td>2/25/60</td><td>4.44</td><td>+0.39</td><td>2,000</td><td>8/15/59</td><td>6/22/60</td><td>4.85</td><td>+0.34</td></tr><tr><td>—</td><td>400</td><td>—</td><td>9/3/59</td><td>3/3/60</td><td>4.50</td><td>+0.42</td><td colspan="4">Special bills</td><td>—</td></tr><tr><td>—</td><td>400</td><td>—</td><td>9/10/59</td><td>3/10/60</td><td>4.46</td><td>+0.36</td><td>$2,006</td><td>4/1/59</td><td>1/15/60</td><td>4.12%</td><td>+1.22%</td></tr><tr><td>—</td><td>400</td><td>—</td><td>9/17/59</td><td>3/17/60</td><td>4.46</td><td>+0.36</td><td>2,003</td><td>5/11/59</td><td>1/15/60</td><td>4.76</td><td>+1.52</td></tr><tr><td>—</td><td>400</td><td>—</td><td>9/24/59</td><td>3/24/60</td><td>4.50</td><td>+0.28</td><td>2,001</td><td>7/15/59</td><td>7/15/60</td><td>4.88</td><td>+1.45</td></tr><tr><td>—</td><td>400</td><td>—</td><td>10/1/59</td><td>3/31/60</td><td>4.50</td><td>+0.28</td><td>1/</td><td>12/2/59</td><td>10/17/60</td><td>5.01</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>$11,363</td><td>3-3/4%</td><td>-</td><td>2/15/60-a</td><td>99.26</td><td>-.02</td><td>4.63%</td><td>+4.7%</td></tr><tr><td>1,269</td><td>4/</td><td>-</td><td>5/15/60-B</td><td>99.20</td><td>-.07</td><td>4.83</td><td>+5.53</td></tr><tr><td>7,037</td><td>4-3/4</td><td>-</td><td>11/15/60-c</td><td>99.28</td><td>-.07</td><td>4.88</td><td>+5.23</td></tr></table>
Table 3.
Treasury Notes (Taxable)
(Price decimals are 32nds)
<table><tr><th>Amount outstand-ing (millions)</th><th>Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th>Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th></th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td>$2,406</td><td>3-1/2% -</td><td>5/15/60-A</td><td>99.10</td><td>-</td><td>5.04%</td><td>+ .76%</td><td>2/15/57</td><td>104.02</td><td>6/9/58</td><td>98.12</td><td>9/26/57</td></tr><tr><td>2,788</td><td>3-3/4 -</td><td>5/15/60-B</td><td>99.07</td><td>-</td><td>5.00</td><td>+ .73</td><td>1/21/59</td><td>99.21</td><td>2/24/59</td><td>98.26</td><td>9/16/59</td></tr><tr><td>9,561</td><td>4-3/4 -</td><td>8/15/60-C</td><td>99.30</td><td>-</td><td>4.83</td><td>+ .29</td><td>8/1/59</td><td>100.18</td><td>8/5/59</td><td>99.26</td><td>9/15/59</td></tr><tr><td>4,078</td><td>3-5/8 -</td><td>5/15/61-B</td><td>98.22</td><td>-</td><td>4.57</td><td>+ .18</td><td>12/1/58</td><td>100.06</td><td>11/25/58</td><td>97.26</td><td>9/15/59</td></tr><tr><td>2,136</td><td>4 -</td><td>8/1/61-A</td><td>99.00</td><td>-</td><td>4.63</td><td>+ .20</td><td>8/1/57</td><td>106.05</td><td>6/6/58</td><td>98.04</td><td>9/7/59</td></tr><tr><td>627</td><td>3-5/8 -</td><td>2/15/62-A</td><td>97.12</td><td>-</td><td>4.86</td><td>+ .39</td><td>5/1/57</td><td>105.12</td><td>1/24/58</td><td>97.06</td><td>9/15/59</td></tr><tr><td>1,435</td><td>4 -</td><td>2/15/62-D</td><td>98.16</td><td>-</td><td>4.72</td><td>+ .34</td><td>2/15/59</td><td>100.28</td><td>2/20/59</td><td>98.02</td><td>9/15/59</td></tr><tr><td>157</td><td>4 -</td><td>[2/15/60-B 3/18/59]</td><td>99.28</td><td>-</td><td>4.42</td><td>+ .46</td><td>9/26/57</td><td>5/</td><td>6/6/58</td><td>98.52</td><td>11/30/59</td></tr><tr><td>160</td><td>3-3/4 -</td><td>11/15/62-C</td><td>96.31</td><td>-</td><td>4.86</td><td>+ .28</td><td>11/29/57</td><td>106.13</td><td>1/22/58</td><td>96.16</td><td>10/2/59</td></tr><tr><td>1,143</td><td>3-3/4 -</td><td>2/15/63-A</td><td>99.06</td><td>-</td><td>4.95</td><td>+ .21</td><td>1/15/58</td><td>101.14</td><td>6/11/58</td><td>92.09</td><td>9/15/59</td></tr><tr><td>3,971</td><td>2-5/8 -</td><td>5/15/63-B</td><td>97.10</td><td>-</td><td>4.85</td><td>+ .09</td><td>4/1/59</td><td>99.21</td><td>4/1/59</td><td>97.02</td><td>10/2/59</td></tr><tr><td>1,743</td><td>4 -</td><td>11/15/63-C 3/18/59</td><td>99.24</td><td>-</td><td>4.11</td><td>+ .08</td><td>11/15/59</td><td>100.04</td><td>11/13/59</td><td>99.24</td><td>11/30/59</td></tr><tr><td>3,011</td><td>4-7/8 -</td><td>5/15/64-A</td><td>99.24</td><td>-</td><td>4.81</td><td>+ .06</td><td>7/20/59</td><td>101.10</td><td>8/14/59</td><td>99.24</td><td>11/30/59</td></tr><tr><td>4,184</td><td>4-3/4 -</td><td>8/15/64-B</td><td>100.22</td><td>-</td><td>4.84</td><td>+ .07</td><td>10/15/59</td><td>101.09</td><td>10/21/59</td><td>100.22</td><td>11/30/59</td></tr><tr><td>2,316</td><td>5 -</td><td>4/1/60-EA</td><td>98.31</td><td>+ .03</td><td>4.66</td><td>+ .35</td><td>4/1/55</td><td>100.06</td><td>6/13/58</td><td>99.00</td><td>12/7/56</td></tr><tr><td>198</td><td>1-1/2 -</td><td>10/1/60-EO</td><td>97.26</td><td>+ .02</td><td>4.20</td><td>+ .16</td><td>10/1/55</td><td>99.28</td><td>6/18/58</td><td>92.06</td><td>12/10/56</td></tr><tr><td>278</td><td>1-1/2 -</td><td>4/1/61-EA</td><td>96.16</td><td>+ .08</td><td>4.22</td><td>- .05</td><td>4/1/56</td><td>99.06</td><td>6/12/58</td><td>91.04</td><td>12/7/56</td></tr><tr><td>144</td><td>1-1/2 -</td><td>10/1/61-EO</td><td>94.20</td><td>- .10</td><td>4.58</td><td>+ .29</td><td>10/1/56</td><td>98.26</td><td>6/12/58</td><td>90.06</td><td>6/21/57</td></tr><tr><td>332</td><td>1-1/2 -</td><td>4/1/62-EA</td><td>92.22</td><td>- .1.02</td><td>4.76</td><td>+ .50</td><td>4/1/57</td><td>98.00</td><td>6/6/58</td><td>88.18</td><td>8/13/57</td></tr><tr><td>551</td><td>1-1/2 -</td><td>10/1/62-EO</td><td>91.24</td><td>-1.02</td><td>4.64</td><td>+ .49</td><td>10/1/57</td><td>97.16</td><td>6/3/58</td><td>88.12</td><td>10/2/57</td></tr><tr><td>590</td><td>1-1/2 -</td><td>4/1/63-EA</td><td>90.00</td><td>-1.00</td><td>4.78</td><td>+ .41</td><td>4/1/58</td><td>97.04</td><td>6/5/58</td><td>88.14</td><td>9/16/59</td></tr><tr><td>533</td><td>1-1/2 -</td><td>10/1/63-EO</td><td>88.26</td><td>-1.00</td><td>4.72</td><td>+ .36</td><td>10/1/58</td><td>91.18</td><td>11/25/58</td><td>87.08</td><td>9/16/59</td></tr><tr><td>506</td><td>1-1/2 -</td><td>4/1/64-EA</td><td>87.24</td><td>-1.02</td><td>4.65</td><td>+ .33</td><td>4/1/59</td><td>89.06</td><td>4/8/59</td><td>85.16</td><td>9/15/59</td></tr><tr><td>457</td><td>1-1/2 -</td><td>10/1/64-EO</td><td>86.20</td><td>-1.06</td><td>4.60</td><td>+ .32</td><td>10/1/59</td><td>88.02</td><td>10/22/59</td><td>85.00</td><td>9/30/59</td></tr><tr><td>67</td><td>1-1/2 -</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Table 5.
January 1960
53
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1959
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
<table><tr><th>Amount outstanding (millions)</th><th>Description</th><th>Bid</th><th>Change from last month</th><th>To first call or maturity 6/</th><th>Change from last month</th><th>Issue date</th><th colspan="2">Price range since first traded 2/</th><th colspan="2">Price range since first traded 2/</th></tr><tr><th></th><th></th><th colspan="2">Price</th><th colspan="2">Yield</th><th></th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$5,265</td><td>2-1/4</td><td>6/15/59-62</td><td>93.19</td><td>-.23</td><td>4.97%</td><td>+ .33%</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>3,454</td><td>2-1/4</td><td>12/15/59-62</td><td>92.29</td><td>-.23</td><td>4.79</td><td>+ .33</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>97.23</td><td>-.05</td><td>4.60</td><td>+ .35</td><td>8/15/54</td><td>101.11</td><td>6/5/58</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>96.08</td><td>-.16</td><td>4.97</td><td>+ .38</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>95.10</td><td>-.14</td><td>5.06</td><td>+ .34</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>2,110</td><td>2-1/2</td><td>6/15/62-67</td><td>87.16</td><td>-.02</td><td>4.47</td><td>+ .04</td><td>5/5/42</td><td>108.12</td><td>4/6/46</td><td>84.22</td><td>9/15/59</td></tr><tr><td>6,755</td><td>2-1/2</td><td>8/15/63</td><td>92.04</td><td>-.12</td><td>4.85</td><td>+ .18</td><td>12/15/54</td><td>100.24</td><td>4/18/58</td><td>91.05</td><td>9/15/59</td></tr><tr><td>2,818</td><td>2-1/2</td><td>12/15/63-68</td><td>84.24</td><td>-.20</td><td>4.59</td><td>+ .12</td><td>12/1/42</td><td>108.03</td><td>4/6/46</td><td>82.21</td><td>9/16/59</td></tr><tr><td>3,854</td><td>3</td><td>2/15/64</td><td>93.04</td><td>-1.02</td><td>4.83</td><td>+ .32</td><td>2/14/58</td><td>103.19</td><td>4/21/58</td><td>92.06</td><td>9/15/59</td></tr><tr><td>5,742</td><td>2-1/2</td><td>6/15/64-69</td><td>83.22</td><td>-.16</td><td>4.64</td><td>+ .09</td><td>1/15/43</td><td>107.25</td><td>4/6/46</td><td>81.30</td><td>9/15/59</td></tr><tr><td>3,815</td><td>2-1/2</td><td>12/15/64-69</td><td>83.12</td><td>-.12</td><td>4.59</td><td>+ .07</td><td>9/15/43</td><td>107.24</td><td>4/6/46</td><td>81.12</td><td>9/15/59</td></tr><tr><td>6,696</td><td>2-5/8</td><td>2/15/65</td><td>90.10</td><td>-1.02</td><td>4.75</td><td>+ .27</td><td>6/15/58</td><td>100.13</td><td>6/5/58</td><td>89.02</td><td>9/16/59</td></tr><tr><td>4,695</td><td>2-1/2</td><td>3/15/65-70</td><td>82.22</td><td>+ .06</td><td>4.66</td><td>+ .01</td><td>2/1/44</td><td>107.23</td><td>4/6/46</td><td>81.00</td><td>9/16/59</td></tr><tr><td>3,043</td><td>2-1/2</td><td>3/15/66-71</td><td>82.16</td><td>-.22</td><td>4.49</td><td>+ .09</td><td>12/1/44</td><td>107.22</td><td>4/6/46</td><td>80.28</td><td>9/16/59</td></tr><tr><td>1,484</td><td>3</td><td>8/15/66</td><td>91.24</td><td>-.22</td><td>4.44</td><td>+ .15</td><td>2/28/58</td><td>103.20</td><td>4/21/58</td><td>89.30</td><td>9/15/59</td></tr><tr><td>1,822</td><td>2-1/2</td><td>6/15/67-72</td><td>82.04</td><td>-.28</td><td>4.37</td><td>+ .12</td><td>6/1/45</td><td>106.16</td><td>4/6/46</td><td>80.28</td><td>9/16/59</td></tr><tr><td>3,716</td><td>2-1/2</td><td>9/15/67-72</td><td>81.24</td><td>-.02</td><td>4.42</td><td>+ .14</td><td>10/20/42</td><td>109.18</td><td>4/6/46</td><td>79.26</td><td>9/15/59</td></tr><tr><td>3,671</td><td>2-1/2</td><td>12/15/67-72</td><td>81.30</td><td>-1.00</td><td>4.33</td><td>+ .12</td><td>11/15/45</td><td>106.16</td><td>4/6/46</td><td>80.28</td><td>9/16/59</td></tr><tr><td>1,276</td><td>4</td><td>10/1/69</td><td>96.22</td><td>-.34</td><td>4.42</td><td>+ .14</td><td>10/1/57</td><td>110.14</td><td>4/21/58</td><td>95.28</td><td>9/16/59</td></tr><tr><td>1,654</td><td>3-7/8</td><td>11/15/74</td><td>94.12</td><td>-.26</td><td>4.39</td><td>+ .01</td><td>12/1/57</td><td>110.21</td><td>4/22/58</td><td>93.02</td><td>9/18/59</td></tr><tr><td>1,602</td><td>3-1/4</td><td>6/15/78-83</td><td>86.22</td><td>-.16</td><td>4.14</td><td>+ .11</td><td>5/1/53</td><td>111.28</td><td>8/4/54</td><td>85.10</td><td>9/16/59</td></tr><tr><td>884</td><td>4</td><td>2/15/80</td><td>95.18</td><td>-1.16</td><td>4.34</td><td>+ .12</td><td>1/23/59</td><td>100.08</td><td>3/5/59</td><td>95.10</td><td>9/16/59</td></tr><tr><td>1,135</td><td>3-1/4</td><td>5/15/85</td><td>86.20</td><td>-1.12</td><td>4.10</td><td>+ .10</td><td>6/3/58</td><td>101.04</td><td>6/11/58</td><td>85.06</td><td>9/16/59</td></tr><tr><td>1,727</td><td>3-1/2</td><td>2/15/90</td><td>87.22</td><td>-1.12</td><td>4.23</td><td>+ .10</td><td>2/11/58</td><td>106.26</td><td>4/21/58</td><td>86.12</td><td>9/16/59</td></tr><tr><td>2,738</td><td>3</td><td>2/15/95</td><td>82.16</td><td>-.18</td><td>3.92</td><td>+ .03</td><td>2/15/55</td><td>101.12</td><td>6/8/55</td><td>80.24</td><td>9/17/59</td></tr></table>
Footnotes et 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 2/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 6/</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td>$1.485</td><td>2-3/4% - 12/15/60-65</td><td>95.24</td><td>-.12</td><td>3.54%</td><td>+0.07</td><td>12/15/38</td><td>119.00</td><td>1/25/46</td><td>95.24</td><td>11/30/59</td></tr></table>
b/ The price and yield as of October 31, 1959, on the 4% notes of August 15, 1962, reflected the option available to the holder to redeem the notes on February 15, 1960, on 3 months' prior notice. The prices and yields after November 16, 1959, when the option expired are therefore not comparable with the recent prices and yields prior to the expiration.
5/ The 4% notes are of significant range in price on that portion of the 4% notes of August 15, 1962, which were presented by November 16, 1959, for redemption on February 15, 1960.
6/ On callable issues market convention treats the yield to earliest call date as more significant when an issue is selling above par, and to maturity when it is selling at par or below.
7/ Included in the average yield of long-term taxable Treasury bonds as shown under "Average Yields of Long-Term Bonds."
1/ Issued after November 30, 1959; for amount issued see "Public Debt Operations," Table 2.
2/ Beginning April 1953, prices are closing bid quotations in the over-the-counter market. Prices for prior dates are the mean of closing bid and ask quotations, except that before October 1, 1959, they are closing prices on the New York Stock Exchange. "When issued" prices are included in the history beginning October 1, 1959. Dates of highs and lows in case of recurrence are the latest dates.
3/ Of the $2,000 million of notes of August 15, 1962, outstanding on October 31, 1959, $1,682 million were exchanged for the 4-7/8% notes of November 15, 1963, and $157 million were presented for stamping to be redeemed February 15, 1960, leaving $160 million to mature August 15, 1962.
54
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES,
November 30, 1959
YIELDS OF TAXABLE TREASURY SECURITIES, NOV. 30, 1959
Based on Closing Bid Quotations
Explanation: The points represented 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. Market yields on bills other than those offered the latest week and on coupon 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-590-F-2
January 1960
55
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>1948.............</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>2.48</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>1958.............</td><td>3.43</td><td>3.79</td></tr><tr><td>1947.............</td><td>2.25</td><td>2.61</td><td>1953.............</td><td>2.96</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-October.........</td><td>2.87</td><td>3.10</td><td>1958-April.........</td><td>3.12</td><td>3.60</td></tr><tr><td>May.............</td><td>3.11</td><td>3.34</td><td>November.........</td><td>2.89</td><td>3.10</td><td>May.............</td><td>3.14</td><td>1.57</td></tr><tr><td>June.............</td><td>3.13</td><td>3.40</td><td>December.........</td><td>2.91</td><td>3.15</td><td>June.............</td><td>3.20 2/</td><td>3.57</td></tr><tr><td>July.............</td><td>3.02</td><td>3.28</td><td>1956-January.........</td><td>2.88</td><td>3.11</td><td>July.............</td><td>3.36</td><td>3.67</td></tr><tr><td>August.........</td><td>3.02</td><td>3.24</td><td>February.........</td><td>2.89</td><td>3.08</td><td>August.........</td><td>3.60</td><td>3.85</td></tr><tr><td>September.........</td><td>2.98</td><td>3.29</td><td>March.............</td><td>2.93 2/</td><td>3.10</td><td>September.........</td><td>3.75</td><td>4.09</td></tr><tr><td>October.........</td><td>2.83</td><td>3.16</td><td>April.............</td><td>3.07</td><td>3.24</td><td>October.........</td><td>3.76</td><td>4.11</td></tr><tr><td>November.........</td><td>2.86</td><td>3.11</td><td>May.............</td><td>2.97</td><td>3.28</td><td>November.........</td><td>3.70</td><td>4.09</td></tr><tr><td>December.........</td><td>2.79 3/</td><td>3.13</td><td>June.............</td><td>2.93</td><td>3.27</td><td>December.........</td><td>3.80</td><td>4.08</td></tr><tr><td>1954-January.........</td><td>2.69</td><td>3.06</td><td>July.............</td><td>3.00</td><td>3.28</td><td>1959-January.........</td><td>3.91 2/</td><td>4.12</td></tr><tr><td>February.........</td><td>2.62</td><td>2.95</td><td>August.........</td><td>3.17</td><td>3.43</td><td>February.........</td><td>3.92</td><td>4.14</td></tr><tr><td>March.............</td><td>2.53</td><td>2.86</td><td>September.........</td><td>3.21</td><td>3.56</td><td>March.............</td><td>3.92</td><td>4.13</td></tr><tr><td>April.............</td><td>2.48</td><td>2.85</td><td>October.........</td><td>3.20</td><td>3.59</td><td>April.............</td><td>4.01</td><td>4.23</td></tr><tr><td>May.............</td><td>2.54</td><td>2.88</td><td>November.........</td><td>3.30</td><td>3.69</td><td>May.............</td><td>4.08</td><td>4.37</td></tr><tr><td>June.............</td><td>2.55 3/</td><td>2.90</td><td>December.........</td><td>3.40</td><td>3.75</td><td>June.............</td><td>4.09</td><td>4.46</td></tr><tr><td>July.............</td><td>2.47</td><td>2.89</td><td>1957-January.........</td><td>3.34</td><td>3.77</td><td>July.............</td><td>4.11</td><td>4.47</td></tr><tr><td>August.........</td><td>2.48</td><td>2.87</td><td>February.........</td><td>3.22</td><td>3.67</td><td>August.........</td><td>4.10</td><td>4.43</td></tr><tr><td>September.........</td><td>2.52</td><td>2.89</td><td>March.............</td><td>3.26</td><td>3.66</td><td>September.........</td><td>4.26</td><td>4.52</td></tr><tr><td>October.........</td><td>2.54</td><td>2.87</td><td>April.............</td><td>3.32</td><td>3.67</td><td>October.........</td><td>4.11 2/</td><td>4.57 r</td></tr><tr><td>November.........</td><td>2.57</td><td>2.89</td><td>May.............</td><td>3.40</td><td>3.74</td><td>November.........</td><td>4.12</td><td>4.56</td></tr><tr><td>December.........</td><td>2.59 3/</td><td>2.90</td><td>June.............</td><td>3.58 2/</td><td>3.91</td><td></td><td></td><td></td></tr><tr><td>1955-January.........</td><td>2.68 2/</td><td>2.93</td><td>July.............</td><td>3.60</td><td>3.99</td><td></td><td></td><td></td></tr><tr><td>February.........</td><td>2.78 2/</td><td>2.99</td><td>August.........</td><td>3.63</td><td>4.10</td><td></td><td></td><td></td></tr><tr><td>March.............</td><td>2.78 2/</td><td>3.02</td><td>September.........</td><td>3.66 2/ 3/</td><td>4.12</td><td></td><td></td><td></td></tr><tr><td>April.............</td><td>2.82</td><td>3.01</td><td>October.........</td><td>3.73</td><td>4.10</td><td></td><td></td><td></td></tr><tr><td>May.............</td><td>2.81</td><td>3.04</td><td>November.........</td><td>3.57 2/</td><td>4.08</td><td></td><td></td><td></td></tr><tr><td>June.............</td><td>2.82</td><td>3.05</td><td>December.........</td><td>3.30 2/</td><td>3.81</td><td></td><td></td><td></td></tr><tr><td>July.............</td><td>2.91</td><td>3.06</td><td>1958-January.........</td><td>3.26 2/</td><td>3.60</td><td></td><td></td><td></td></tr><tr><td>August.........</td><td>2.95</td><td>3.11</td><td>February.........</td><td>3.28</td><td>3.59</td><td></td><td></td><td></td></tr><tr><td>September.........</td><td>2.92</td><td>3.13</td><td>March.............</td><td>3.25</td><td>3.63</td><td></td><td></td><td></td></tr><tr><td colspan="9">Weekly series - averages of daily series for weeke ending -</td></tr><tr><td>1959-June</td><td>5..</td><td>4.10</td><td>4.44</td><td>1959-August</td><td>7..</td><td>4.08</td><td>4.43</td><td>1959-October</td><td>2..</td><td>4.21 2/</td><td>4.57</td></tr><tr><td></td><td>12..</td><td>4.09</td><td>4.47</td><td></td><td>14..</td><td>4.06</td><td>4.42</td><td></td><td>9..</td><td>4.14</td><td>4.57</td></tr><tr><td></td><td>19..</td><td>4.09</td><td>4.46</td><td></td><td>21..</td><td>4.08</td><td>4.42</td><td></td><td>16..</td><td>4.13</td><td>4.56</td></tr><tr><td></td><td>26..</td><td>4.10</td><td>4.47</td><td></td><td>28..</td><td>4.15</td><td>4.44</td><td></td><td>23..</td><td>4.06</td><td>4.56</td></tr><tr><td>July</td><td>3..</td><td>4.12</td><td>4.48</td><td>September</td><td>4..</td><td>4.24</td><td>4.47</td><td>November</td><td>6..</td><td>4.09</td><td>4.57</td></tr><tr><td></td><td>10..</td><td>4.13</td><td>4.48</td><td></td><td>11..</td><td>4.25</td><td>4.49</td><td></td><td>13..</td><td>4.10</td><td>4.56</td></tr><tr><td></td><td>17..</td><td>4.08</td><td>4.47</td><td></td><td>18..</td><td>4.30</td><td>4.52</td><td></td><td>20..</td><td>4.13</td><td>4.57</td></tr><tr><td></td><td>24..</td><td>4.10</td><td>4.45</td><td></td><td>25..</td><td>4.27</td><td>4.54</td><td></td><td>27..</td><td>4.15</td><td>4.55</td></tr><tr><td></td><td>31..</td><td>4.10</td><td>4.45</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="9">Daily series - unweighted average</td></tr><tr><td>1959-November</td><td>2..</td><td>4.09</td><td>4.57</td><td>1959-November</td><td>12..</td><td>4.09</td><td>4.56</td><td>1959-November</td><td>23..</td><td>4.12</td><td>4.55</td></tr><tr><td></td><td>3..</td><td>4/</td><td>4/</td><td></td><td>13..</td><td>4.09</td><td>4.56</td><td></td><td>24..</td><td>4.15</td><td>4.55</td></tr><tr><td></td><td>4..</td><td>4.09</td><td>4.57</td><td></td><td>16..</td><td>4.11</td><td>4.57</td><td></td><td>25..</td><td>4.15</td><td>4.55</td></tr><tr><td></td><td>5..</td><td>4.09</td><td>4.57</td><td></td><td>17..</td><td>4.13</td><td>4.57</td><td></td><td>26..</td><td>4/</td><td>4.55</td></tr><tr><td></td><td>6..</td><td>4.09</td><td>4.57</td><td></td><td>18..</td><td>4.14</td><td>4.57</td><td></td><td>27..</td><td>4.16</td><td></td></tr><tr><td></td><td>9..</td><td>4.10</td><td>4.57</td><td></td><td>19..</td><td>4.14</td><td>4.57</td><td></td><td>30..</td><td>4.19</td><td>4.54</td></tr><tr><td></td><td>10..</td><td>4.10</td><td>4.57</td><td></td><td>20..</td><td>4.15</td><td>4.56</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>11..</td><td>4/</td><td>4/</td><td></td><td></td><td></td><td></td><td></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 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).
4/ Market closed.
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
56
√ Monthly averages of daily figures. 2 See footnote 1 to Table I under "Average Yields of Long-Term Bonds."
Office of the Secretary of the Treasury
F-220-M-4
AVERAGE YIELDS OF LONG-TERM BONDS
Treasury Bulletin
January 1960
57
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 tax</th><th>Total</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>Railroad retiree-ment</th><th>Useemployment insurance</th></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>69,686,533</td><td>21,594,515</td><td>37,254,619</td><td>11,403,962</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>70,299,652</td><td>+364,672</td><td>69,934,980</td><td>21,546,322</td><td>37,921,314</td><td>10,736,978</td><td>22,077,113</td><td>4,218,520</td><td>605,221</td><td>283,882</td></tr><tr><td>1955</td><td>66,288,692</td><td>-3,566 5/</td><td>75,112,649 5/</td><td>18,288,720</td><td>37,869,770</td><td>10,296,480</td><td>21,259,625 4/</td><td>5,339,573 4/</td><td>600,106 4/</td><td>279,986</td></tr><tr><td>1956</td><td>75,109,083</td><td>-</td><td>80,171,971</td><td>21,298,522</td><td>42,633,426</td><td>11,321,966</td><td>24,015,676 5/</td><td>6,336,805</td><td>634,323</td><td>324,656</td></tr><tr><td>1957</td><td>80,171,972</td><td>-</td><td>79,978,476</td><td>21,530,633</td><td>46,610,293</td><td>12,302,229</td><td>26,727,543</td><td>6,634,467</td><td>616,020</td><td>330,034</td></tr><tr><td>1958</td><td>79,978,476</td><td>-</td><td>79,978,476</td><td>20,533,316</td><td>47,212,964</td><td>11,527,648</td><td>27,040,911</td><td>7,733,223</td><td>575,282</td><td>335,880</td></tr><tr><td>1959</td><td>79,797,973</td><td>-</td><td>79,797,973</td><td>18,091,509</td><td>49,588,488</td><td>11,773,369</td><td>29,001,375</td><td>8,004,355</td><td>525,369</td><td>324,020</td></tr><tr><td>1959-Jan</td><td>4,649,383</td><td>-</td><td>4,649,383</td><td>424,093</td><td>3,264,618</td><td>2,002,781</td><td>1,208,468</td><td>14,316</td><td>39,052</td></tr><tr><td>Feb</td><td>7,857,699</td><td>-</td><td>7,857,699</td><td>361,599</td><td>6,482,977</td><td>845,997</td><td>5,304,224</td><td>71,198</td><td>261,357</td></tr><tr><td>Mar</td><td>10,314,903</td><td>-</td><td>10,314,903</td><td>5,458,947</td><td>3,795,947</td><td>777,381</td><td>2,960,465</td><td>42,883</td><td>15,218</td></tr><tr><td>Apr</td><td>6,067,594</td><td>-</td><td>6,067,594</td><td>476,621</td><td>4,559,196</td><td>3,434,606</td><td>1,106,992</td><td>16,166</td><td>1,432</td></tr><tr><td>May</td><td>7,863,820</td><td>-</td><td>7,863,820</td><td>409,853</td><td>6,301,194</td><td>745,450</td><td>5,484,383</td><td>70,049</td><td>1,312</td></tr><tr><td>June</td><td>10,670,442</td><td>-</td><td>10,670,442</td><td>4,786,343</td><td>4,936,446</td><td>1,702,952</td><td>3,186,907</td><td>45,641</td><td>945</td></tr><tr><td>July</td><td>3,605,629</td><td>-</td><td>3,605,629</td><td>568,211</td><td>1,934,472</td><td>363,807</td><td>1,549,816</td><td>20,148</td><td>701</td></tr><tr><td>Aug</td><td>7,159,670</td><td>-</td><td>7,159,670</td><td>368,049</td><td>5,667,250</td><td>123,154</td><td>5,457,921</td><td>85,432</td><td>743</td></tr><tr><td>Sept</td><td>9,229,078</td><td>-</td><td>9,229,078</td><td>3,311,154</td><td>4,804,280</td><td>1,836,774</td><td>2,915,081</td><td>51,849</td><td>579</td></tr><tr><td>Oct</td><td>3,319,057</td><td>-</td><td>3,319,057</td><td>491,069</td><td>1,745,608</td><td>259,817</td><td>1,467,005</td><td>16,448</td><td>2,397</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Estate and gift taxes</th><th>Total excise</th><th>Alcohol</th><th>Tobacco</th><th colspan="4">Excise taxes</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th colspan="3">Other excise</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Documents, etc. 6/</th><th>Manufacturers' and retailers' 6/</th><th>Miscellaneous 6/</th></tr><tr><td>1952</td><td>833,147</td><td>8,971,158</td><td>2,549,120</td><td>1,565,162</td><td>4,856,876</td><td>84,995</td><td>2,824,409</td><td>1,947,472</td></tr><tr><td>1953</td><td>891,284</td><td>9,946,116</td><td>2,780,925</td><td>1,654,911</td><td>5,510,280</td><td>90,319</td><td>3,358,797</td><td>2,061,164</td></tr><tr><td>1954</td><td>935,122</td><td>9,532,222</td><td>2,797,718</td><td>1,580,512</td><td>5,153,992</td><td>90,000</td><td>3,127,465</td><td>1,936,527</td></tr><tr><td>1955</td><td>936,267</td><td>9,210,582</td><td>2,742,840</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>1,171,237</td><td>10,004,195</td><td>2,920,574</td><td>1,613,497</td><td>5,501,333</td><td>114,927</td><td>3,777,909</td><td>1,608,497</td></tr><tr><td>1957</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>107,546</td><td>4,098,006</td><td>1,718,509</td></tr><tr><td>1958</td><td>1,410,925</td><td>10,814,268</td><td>2,946,461</td><td>1,734,021</td><td>6,166,335</td><td>109,452</td><td>4,315,756</td><td>1,741,327</td></tr><tr><td>1959</td><td>1,352,982</td><td>10,759,549</td><td>3,002,096</td><td>1,806,816</td><td>5,881,286</td><td>131,817</td><td>4,314,517</td><td>1,435,953</td></tr><tr><td>1959-Jan.</td><td>113,323</td><td>847,226</td><td>200,812</td><td>155,422</td><td>69,088</td><td rowspan="2">35,594</td><td rowspan="2">1,194,177</td><td rowspan="2">314,065</td></tr><tr><td>Feb.</td><td>106,719</td><td>906,408</td><td>209,057</td><td>141,441</td><td>1,372,703</td></tr><tr><td>Mar.</td><td>132,036</td><td>926,889</td><td>245,430</td><td>149,537</td><td>302,044</td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>178,725</td><td>852,211</td><td>242,589</td><td>159,093</td><td>41,520</td><td rowspan="2">36,951</td><td rowspan="2">1,157,205</td><td rowspan="2">314,721</td></tr><tr><td>May</td><td>129,891</td><td>1,020,297</td><td>276,069</td><td>156,410</td><td>1,337,515</td></tr><tr><td>June</td><td>104,436</td><td>842,209</td><td>228,386</td><td>113,874</td><td>329,841</td><td></td><td></td><td></td></tr><tr><td>July</td><td>131,300</td><td>971,107</td><td>242,669</td><td>149,844</td><td>109,002</td><td rowspan="2">33,531</td><td rowspan="2">1,271,251</td><td rowspan="2">355,615</td></tr><tr><td>Aug.</td><td>97,821</td><td>1,026,781</td><td>287,652</td><td>172,225</td><td>1,351,947</td></tr><tr><td>Sept.</td><td>106,654</td><td>1,006,742</td><td>299,592</td><td>168,988</td><td>205,448</td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>105,906</td><td>976,512</td><td>318,790</td><td>178,640</td><td>133,512</td><td></td><td></td><td></td></tr></table>
Source: Internal Revenue Service reports for detail of collections by type of tax; daily Treasury statement for budget receipts from internal revenue for the fiscal year 1952, and the monthly statement of receipts and expenditures of the Government for receipts therefor (for explanation of reporting basis). All figures shown for the fiscal year, except detail by type of tax is available only from returns filed with the Internal Revenue Service. The figures shown include collections for credit to special accounts for certain island possessions, as reported by the Internal Revenue Service. Beginning with the fiscal year 1955, they include the amounts of tax collected in Puerto Rico upon articles of merchandise of Puerto Rican manufacture coming into the United States. Figures for 1954 have been revised to the same basis. Figures for various years include only amounts collected at ports of entry into the United States.
Differences between the amounts of internal revenue reported by the Internal Revenue Service as collections for given periods and the amounts reported in Treasury statements as budget receipts for the same periods are attributable to the fact that some collections were included in the respective reports. Tax payments are included in budget receipts when they are reported as credits to the account of the Treasurer of the United States. Prior to July 1954, they were included in Internal Revenue Service collection reports after the returns to which they applied had been received in internal revenue offices. Under procedure begun in 1950 with withheld income tax and old-age insurance taxes and in 1953 with social security tax, returns to the States and many excise taxes are paid currently into Treasury depositories and the depository receipts, as evidence of such payments, are attached to quarterly returns to the Internal Revenue Service.
Under this procedure, the payments are included in budget receipts in the month in which the depository receipts are issued to the taxpayers. Revised accounting procedures effective July 1, 1954, extended the same practice to Internal Revenue Service collection receipts.
Monthly figures include social security tax on self-employment income, which is levied and collected as part of the individual income tax. Fiscal year figures exclude this tax, on the basis of estimates (see footnote 3), and it is included under "Old-age and disability insurance."
3/ In Internal Revenue Service reports current collections are not separated as to type of tax; the breakdown 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 funds (see "Budget Receipts and Expenditures," Table 1).
Beginning with the fiscal year 1955, collections shown include undis- tributed depositary receipts and unapplied collections. For excise taxes these receipts are included in the total only. Total collections include "Taxes not otherwise classified."
Budget receipts for 1956 were reduced by $3,566 thousand represent-ing 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/ Detail is reported by quarters beginning with the fiscal year 1956.
58
Treasury Bulletin
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."
B-165-0
Office of the Secretary of the Treasury
59
January 1960
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 1/</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 2/</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes 2/</th><th>National bank notes 2/</th></tr><tr><td>1952</td><td>29,026</td><td>27,318</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>2,118</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>1958</td><td>31,172</td><td>29,071</td><td>32</td><td>2,200</td><td>1</td><td>317</td><td>26,342</td><td>120</td><td>59</td></tr><tr><td>1959</td><td>31,912</td><td>29,699</td><td>31</td><td>2,155</td><td>1</td><td>316</td><td>27,029</td><td>110</td><td>57</td></tr><tr><td>1958-December</td><td>32,199</td><td>30,012</td><td>31</td><td>2,177</td><td>1</td><td>311</td><td>27,318</td><td>115</td><td>58</td></tr><tr><td>1959-January</td><td>31,125</td><td>28,986</td><td>31</td><td>2,056</td><td>1</td><td>301</td><td>26,424</td><td>114</td><td>58</td></tr><tr><td>February</td><td>31,129</td><td>28,986</td><td>31</td><td>2,078</td><td>1</td><td>304</td><td>26,400</td><td>113</td><td>58</td></tr><tr><td>March</td><td>31,250</td><td>29,086</td><td>31</td><td>2,113</td><td>1</td><td>310</td><td>26,461</td><td>112</td><td>58</td></tr><tr><td>April</td><td>31,349</td><td>29,171</td><td>31</td><td>2,143</td><td>1</td><td>311</td><td>26,519</td><td>111</td><td>58</td></tr><tr><td>May</td><td>31,638</td><td>29,444</td><td>31</td><td>2,169</td><td>1</td><td>315</td><td>26,761</td><td>111</td><td>58</td></tr><tr><td>June</td><td>31,912</td><td>29,699</td><td>31</td><td>2,155</td><td>1</td><td>316</td><td>27,029</td><td>110</td><td>57</td></tr><tr><td>July</td><td>31,898</td><td>29,671</td><td>31</td><td>2,126</td><td>1</td><td>313</td><td>27,037</td><td>109</td><td>57</td></tr><tr><td>August</td><td>31,973</td><td>29,732</td><td>31</td><td>2,126</td><td>1</td><td>316</td><td>27,093</td><td>108</td><td>57</td></tr><tr><td>September</td><td>31,848</td><td>29,589</td><td>31</td><td>2,126</td><td>1</td><td>315</td><td>26,952</td><td>108</td><td>57</td></tr><tr><td>October</td><td>31,905</td><td>29,636</td><td>31</td><td>2,112</td><td>1</td><td>316</td><td>27,013</td><td>106</td><td>57</td></tr><tr><td>November</td><td>32,489</td><td>30,195</td><td>31</td><td>2,116</td><td>1</td><td>319</td><td>27,566</td><td>106</td><td>57</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) $/</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>1952</td><td>1,678</td><td>191</td><td>1,093</td><td>393</td><td>184.90</td></tr><tr><td>1953</td><td>1,766</td><td>202</td><td>1,150</td><td>413</td><td>188.72</td></tr><tr><td>1954</td><td>1,795</td><td>212</td><td>1,165</td><td>419</td><td>184.24</td></tr><tr><td>1955</td><td>1,858</td><td>223</td><td>1,202</td><td>433</td><td>182.91</td></tr><tr><td>1956</td><td>1,968</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>1958</td><td>2,101</td><td>268</td><td>1,346</td><td>487</td><td>179.08</td></tr><tr><td>1959</td><td>2,215</td><td>285</td><td>1,415</td><td>514</td><td>180.18</td></tr><tr><td>1958-December</td><td>2,182</td><td>278</td><td>1,399</td><td>505</td><td>183.33</td></tr><tr><td>1959-January</td><td>2,139</td><td>278</td><td>1,362</td><td>500</td><td>176.85</td></tr><tr><td>February</td><td>2,144</td><td>278</td><td>1,365</td><td>501</td><td>176.66</td></tr><tr><td>March</td><td>2,164</td><td>280</td><td>1,380</td><td>504</td><td>177.11</td></tr><tr><td>April</td><td>2,175</td><td>281</td><td>1,387</td><td>506</td><td>177.45</td></tr><tr><td>May</td><td>2,193</td><td>283</td><td>1,400</td><td>510</td><td>178.85</td></tr><tr><td>June</td><td>2,215</td><td>285</td><td>1,415</td><td>514</td><td>180.18</td></tr><tr><td>July</td><td>2,224</td><td>288</td><td>1,419</td><td>517</td><td>179.81</td></tr><tr><td>August</td><td>2,241</td><td>291</td><td>1,429</td><td>521</td><td>179.37</td></tr><tr><td>September</td><td>2,259</td><td>292</td><td>1,441</td><td>526</td><td>178.40</td></tr><tr><td>October</td><td>2,269</td><td>293</td><td>1,447</td><td>529</td><td>178.46</td></tr><tr><td>November</td><td>2,294</td><td>295</td><td>1,465</td><td>535</td><td>181.49</td></tr></table>
Source: Circulation Statement of United States Moeey. 1/ Excludes money held by the Treasury and money held by or for the account of the Federal Reserve Banks and agents; includes paper currency held outside the continental limite of the United States. 2/ Treasury notes of 1890 in circulation are being canceled and re- tired upon receipt by the Treasury.
3/ Federal Reserve Bank notes and national bank notes are covered by deposite of lawful money and are in process of retirement.
4/ Highest amount to date.
5/ Based on latest population estimates by the Bureau of the Census; includes Alaska beginning with January 1959 and Hawaii beginning with October 1959.
Treasury Bulletin
60
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks (in percent)</th></tr><tr><td>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>15.2</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>4,116.6</td><td>15.4</td></tr><tr><td>1958</td><td>21,356.2</td><td>4,306.0</td><td>16.8</td></tr><tr><td>1959</td><td>19,704.6 1/</td><td>4,414.1</td><td>18.3</td></tr><tr><td>1958-December</td><td>20,534.3</td><td>4,362.5</td><td>17.5</td></tr><tr><td>1959-January</td><td>20,476.3</td><td>4,371.0</td><td>17.6</td></tr><tr><td>February</td><td>20,478.6</td><td>4,385.5</td><td>17.6</td></tr><tr><td>March</td><td>20,441.7</td><td>4,383.0</td><td>17.7</td></tr><tr><td>April</td><td>20,304.7</td><td>4,406.9</td><td>17.8</td></tr><tr><td>May</td><td>20,187.6</td><td>4,405.1</td><td>17.9</td></tr><tr><td>June</td><td>19,704.6 1/</td><td>4,414.1</td><td>18.3</td></tr><tr><td>July</td><td>19,625.9</td><td>4,412.7</td><td>18.4</td></tr><tr><td>August</td><td>19,523.8</td><td>4,408.7</td><td>18.4</td></tr><tr><td>September</td><td>19,490.7</td><td>4,402.3</td><td>18.4</td></tr><tr><td>October</td><td>19,585.2</td><td>4,395.0</td><td>18.3</td></tr><tr><td>November</td><td>19,565.8</td><td>4,387.7</td><td>18.3</td></tr></table>
Source: Circulation Statement of United States Money. For detail of silver monetary stock see Table 4.
1/ See Table 3, footnote 2.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Gold assets</th><th>Liabilities: Gold certificates, etc. 1/</th><th>Balance of gold in Treasurer's account</th></tr><tr><td>1952</td><td>23,187.1</td><td>22,178.8</td><td>1,008.2</td></tr><tr><td>1953</td><td>22,029.5</td><td>21,545.7</td><td>481.7</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>21,438.3</td><td>491.2</td></tr><tr><td>1957</td><td>22,781.0</td><td>22,272.9</td><td>508.1</td></tr><tr><td>1958</td><td>20,534.3</td><td>20,138.2</td><td>396.1</td></tr><tr><td>1959-January</td><td>20,476.3</td><td>20,079.7</td><td>396.6</td></tr><tr><td>February</td><td>20,478.6</td><td>20,080.7</td><td>397.9</td></tr><tr><td>March</td><td>20,441.7</td><td>20,047.7</td><td>394.0</td></tr><tr><td>April</td><td>20,304.7</td><td>19,902.6</td><td>402.1</td></tr><tr><td>May</td><td>20,187.6</td><td>19,792.1</td><td>395.5</td></tr><tr><td>June</td><td>19,704.6 2/</td><td>19,603.2</td><td>101.4</td></tr><tr><td>July</td><td>19,625.9</td><td>19,520.0</td><td>105.8</td></tr><tr><td>August</td><td>19,523.8</td><td>19,433.8</td><td>109.9</td></tr><tr><td>September</td><td>19,490.7</td><td>19,389.9</td><td>100.8</td></tr><tr><td>October</td><td>19,585.2</td><td>19,476.7</td><td>108.5</td></tr><tr><td>November</td><td>19,965.8</td><td>19,464.2</td><td>101.6</td></tr></table>
Sources: 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
2/ The United States payment of the $343.8 million increase in its gold subscription to the International Monetary Fund was made on June 23, 1959 (Public Law 86-48, approved June 17, 1959).
January 1960
61
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per fine ounce</th></tr><tr><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 recolimage 4/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Subsidiary coin 3/</th></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>48.0</td><td>-</td><td>11.0</td><td>223.1</td><td>1,222.7</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>1,283.2</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>1958.</td><td>2,245.0</td><td>202.7</td><td>14.9</td><td>-</td><td>148.3</td><td>285.4</td><td>1,446.2</td><td>4,362.5</td></tr><tr><td>1959-January.</td><td>2,245.0</td><td>202.5</td><td>15.5</td><td>-</td><td>152.9</td><td>285.6</td><td>1,445.4</td><td>4,371.0</td></tr><tr><td>February.</td><td>2,247.5</td><td>202.0</td><td>16.9</td><td>*</td><td>158.6</td><td>286.1</td><td>1,446.6</td><td>4,385.5</td></tr><tr><td>March.</td><td>2,249.0</td><td>200.4</td><td>16.6</td><td>-</td><td>154.2</td><td>287.7</td><td>1,451.1</td><td>4,383.0</td></tr><tr><td>April.</td><td>2,250.5</td><td>199.8</td><td>18.4</td><td>-</td><td>161.8</td><td>288.3</td><td>1,458.0</td><td>4,406.9</td></tr><tr><td>May.</td><td>2,251.4</td><td>197.2</td><td>24.5</td><td>-</td><td>152.7</td><td>290.9</td><td>1,466.4</td><td>4,405.1</td></tr><tr><td>June.</td><td>2,251.4</td><td>194.4</td><td>20.5</td><td>.2</td><td>154.5</td><td>293.6</td><td>1,476.5</td><td>4,444.1</td></tr><tr><td>July.</td><td>2,251.4</td><td>191.7</td><td>13.8</td><td>.2</td><td>153.7</td><td>296.2</td><td>1,483.3</td><td>4,442.7</td></tr><tr><td>August.</td><td>2,251.4</td><td>189.6</td><td>5.9</td><td>.2</td><td>151.5</td><td>298.3</td><td>1,491.3</td><td>4,408.7</td></tr><tr><td>September.</td><td>2,251.4</td><td>187.6</td><td>6.6</td><td>.2</td><td>146.1</td><td>300.2</td><td>1,494.3</td><td>4,402.3</td></tr><tr><td>October.</td><td>2,251.4</td><td>187.1</td><td>9.5</td><td>.1</td><td>138.2</td><td>300.8</td><td>1,499.1</td><td>4,395.0</td></tr><tr><td>November.</td><td>2,251.4</td><td>184.4</td><td>4.2</td><td>-</td><td>132.0</td><td>303.5</td><td>1,508.9</td><td>4,387.7</td></tr></table>
Source: Circulation Statement of United States Money; Offices of the Treasurer of the United States. 1/ Valued at $1.29+ per fine ounce. 2/ Includes silver held by certain agencies of the Federal Government. 3/ Valued at $1.38+ per fine ounce.
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounces according to whether the bullion is held for recolnage of subsidiary silver coins or for recolnage of standard silver dollars. Less than $50,000.
62
Treasury Bulletin
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Seigniorage on coins (silver and minor)</th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>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 revalued</th><th>Potential seigniorage on silver bullion at cost in Treasurer's account 2/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Proclamation of Dec. 21, 1933</th><th>Acta of July 6, 1939, and July 31, 1946</th><th></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>521.6</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>122.2</td><td>48.7</td><td>562.7</td><td>34.7</td><td>87.6</td><td>25.7</td><td>759.4</td><td>1,055.8</td></tr><tr><td>1941</td><td>282.1</td><td>48.7</td><td>580.4</td><td>34.7</td><td>87.6</td><td>43.3</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>1,048.2</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>65.3</td><td>820.6</td><td>967.3</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>65.4</td><td>820.7</td><td>727.3</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>832.2</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>57.2</td></tr><tr><td>1953</td><td>742.2</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>34.9</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>1958</td><td>932.0</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>166.0</td><td>1,170.6</td><td>114.0</td></tr><tr><td>1959-January</td><td>933.5</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>166.0</td><td>1,170.6</td><td>118.1</td></tr><tr><td>February</td><td>935.7</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>166.8</td><td>1,171.4</td><td>122.2</td></tr><tr><td>March</td><td>939.9</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.2</td><td>1,171.8</td><td>121.3</td></tr><tr><td>April</td><td>944.9</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.7</td><td>1,172.3</td><td>125.9</td></tr><tr><td>May</td><td>952.4</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>119.9</td></tr><tr><td>June</td><td>957.1</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>119.9</td></tr><tr><td>July</td><td>958.5 3/</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9 3/</td><td>1,172.5 3/</td><td>119.4</td></tr><tr><td>August</td><td>961.7</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>118.1</td></tr><tr><td>September</td><td>965.6</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>115.1</td></tr><tr><td>October</td><td>971.9</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>107.7</td></tr></table>
Sources: Bureau of Accounts.
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes. 2/ Total of seigniorage on coins and on newly mined silver, beginning with that for July 1959, is included under coins; the breakdown is not available after June 1959.
January 1960
63
CAPITAL MOVEMENTS
Data relating to capital movements between the United States and foreign countries have been collected since 1935, pursuant to Executive Order 6560 of January 15, 1934, Executive Order 10033 of February 8, 1949, and Treasury regulations promulgated thereunder. Information covering the principal types of data and the principal countries is reported monthly, and is published regularly in the "Treasury Bulletin." Supplementary information is published at less frequent intervals. Reports by banks, bankers, securities brokers and dealers, and industrial and commercial concerns in the United States are made initially to the Federal Reserve Banks, which forward consolidated figures to the Treasury. Beginning April 1954, data reported by banks in the Territories and possessions of the United States are included in the published data.
The term "foreigner" as used in these reports covers all institutions and individuals domiciled outside the United States and its Territories and possessions, the official institutions of foreign countries, wherever such institutions may be located, and international organizations. "Short-term" refers to original maturities of one year or less, and "long-term" refers to all other maturities. A detailed discussion of the reporting coverage, statistical presentation, and definitions appeared in the June 1954 issue of the "Treasury Bulletin," pages 45-47. As a result of changes in presentation introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented
The first three sections which follow are published monthly. They provide summaries, by periods and by countries, of data on short-term banking liabilities to and claims on foreigners and transactions in long-term securities by foreigners, and present detailed breakdowns of the latest available preliminary data.
Section IV provides supplementary data in six 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, appearing in the April issue through 1958 and in the March issue thereafter. Table 6, purchases and sales of long-term securities by foreigners during the preceding calendar year, also appears annually, beginning with the May 1959 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>1954</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>485.9</td><td>46.6</td><td>90.1</td><td>97.5</td><td>-7.4</td></tr><tr><td>1943</td><td>1,273.5</td><td>1,207.1</td><td>1,179.3</td><td>27.8</td><td>66.4</td><td>-11.3</td><td>77.7</td></tr><tr><td>1944</td><td>452.8</td><td>431.1</td><td>220.4</td><td>210.7</td><td>21.7</td><td>-71.8</td><td>93.5</td></tr><tr><td>1945</td><td>1,056.6</td><td>1,166.3</td><td>1,279.4</td><td>-113.1</td><td>-109.7</td><td>-63.1</td><td>-46.6</td></tr><tr><td>1946</td><td>-803.0</td><td>-752.6</td><td>-618.4</td><td>-314.2</td><td>-50.4</td><td>-315.5</td><td>265.1</td></tr><tr><td>1947</td><td>345.5</td><td>547.2</td><td>636.2</td><td>-89.1</td><td>-201.7</td><td>-240.7</td><td>39.0</td></tr><tr><td>1948</td><td>244.7</td><td>409.3</td><td>601.5</td><td>-192.2</td><td>-164.6</td><td>-69.8</td><td>-94.8</td></tr><tr><td>1949</td><td>193.8</td><td>-24.8</td><td>-100.0</td><td>75.2</td><td>218.6</td><td>190.8</td><td>27.8</td></tr><tr><td>1950</td><td>1,749.6</td><td>1,971.2</td><td>1,026.8</td><td>944.4</td><td>-221.6</td><td>-76.2</td><td>-145.4</td></tr><tr><td>1951</td><td>-374.3</td><td>73.1</td><td>657.4</td><td>-584.3</td><td>-447.5</td><td>-70.5</td><td>-377.0</td></tr><tr><td>1952</td><td>1,260.6</td><td>1,558.8</td><td>1,243.9</td><td>314.9</td><td>-298.2</td><td>-80.3</td><td>-217.9</td></tr><tr><td>1953</td><td>1,162.8</td><td>1,090.9</td><td>1,102.4</td><td>-11.5</td><td>72.0</td><td>144.2</td><td>-72.2</td></tr><tr><td>1954</td><td>697.1</td><td>1,419.5</td><td>1,270.2</td><td>149.3</td><td>-282.4</td><td>-482.0</td><td>-304.4</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</td><td>-614.9</td><td>360.9</td><td>219.1</td><td>141.8</td><td>-975.8</td><td>-253.7</td><td>-722.1</td></tr><tr><td>1958</td><td>-707.1</td><td>998.1</td><td>1,000.8</td><td>-2.7</td><td>-1,705.2</td><td>-342.6</td><td>-1,362.5</td></tr><tr><td>1959-January</td><td>158.3</td><td>191.1</td><td>69.3</td><td>121.8</td><td>-32.8</td><td>109.8</td><td>-142.6</td></tr><tr><td>February</td><td>338.6</td><td>402.9</td><td>388.3</td><td>14.6</td><td>-64.3</td><td>53.6</td><td>-117.9</td></tr><tr><td>March</td><td>-41.3</td><td>64.3</td><td>38.5</td><td>25.8</td><td>-105.6</td><td>-40.2</td><td>-65.4</td></tr><tr><td>April</td><td>184.3</td><td>214.0</td><td>143.4</td><td>70.5</td><td>-29.7</td><td>19.8</td><td>-49.5</td></tr><tr><td>May</td><td>280.1</td><td>401.8</td><td>349.0</td><td>52.8</td><td>-121.7</td><td>-28.3</td><td>-93.4</td></tr><tr><td>June</td><td>1,291.8</td><td>1,311.7</td><td>1,270.2</td><td>41.4</td><td>-19.9</td><td>-13.8</td><td>-6.0</td></tr><tr><td>July</td><td>305.2</td><td>355.6</td><td>292.8</td><td>62.8</td><td>-50.4</td><td>56.9</td><td>-107.3</td></tr><tr><td>August</td><td>381.4</td><td>359.4</td><td>80.7</td><td>278.7</td><td>22.0</td><td>28.0</td><td>-68.0</td></tr><tr><td>September</td><td>406.4</td><td>493.1</td><td>383.1</td><td>110.0</td><td>-86.7</td><td>-35.3</td><td>-91.3</td></tr><tr><td>October p.</td><td>-52.6r</td><td>-53.1r</td><td>-173.8r</td><td>120.7</td><td>.5r</td><td>1.3r</td><td>-.8</td></tr><tr><td>November p.</td><td>273.5</td><td>400.3</td><td>273.5</td><td>126.8</td><td>-126.8</td><td>-77.2</td><td>-49.6</td></tr></table>
p Preliminary.
r Revised.
Treasury Bulletin
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 colspan="3">Payable in dollars</th><th>Payable in foreign currencies</th><th>Total</th><th colspan="2">Payable in dollars</th><th>Payable in foreign currencies</th></tr><tr><th></th><th></th><th>Foreign official</th><th>Other foreign</th><th>International</th><th></th><th></th><th>Loans to foreign banks</th><th>Other</th><th></th></tr><tr><td>1942</td><td>4,205.4</td><td>2,244.4</td><td>1,947.1</td><td>-</td><td>13.9</td><td>245.7</td><td>72.0</td><td>123.7</td><td>30.9</td></tr><tr><td>1943</td><td>5,374.9</td><td>3,320.3</td><td>2,036.7</td><td>-</td><td>17.9</td><td>257.9</td><td>86.4</td><td>137.2</td><td>34.4</td></tr><tr><td>1944</td><td>5,596.8</td><td>3,335.2</td><td>2,239.9</td><td>-</td><td>21.6</td><td>329.7</td><td>105.4</td><td>169.7</td><td>54.6</td></tr><tr><td>1945</td><td>6,883.1</td><td>4,179.3</td><td>2,678.2</td><td>-</td><td>25.5</td><td>392.8</td><td>100.3</td><td>245.0</td><td>47.5</td></tr><tr><td>1946</td><td>6,480.3</td><td>3,03.9</td><td>2,922.0</td><td>47.7</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>7,618.1</td><td>2,908.1</td><td>3,061.0</td><td>1,657.8</td><td>51.0</td><td>827.9</td><td>222.7</td><td>494.3</td><td>110.8</td></tr><tr><td>1950</td><td>8,644.8</td><td>3,620.3</td><td>3,451.7</td><td>1,527.8</td><td>44.9</td><td>898.0</td><td>151.1</td><td>596.3</td><td>20.6</td></tr><tr><td>1951</td><td>9,302.2</td><td>3,547.6</td><td>4,041.2</td><td>1,641.1</td><td>72.2</td><td>968.4</td><td>177.2</td><td>699.4</td><td>91.8</td></tr><tr><td>1952</td><td>10,546.1</td><td>4,654.2</td><td>4,245.6</td><td>1,584.9</td><td>61.4</td><td>1,048.7</td><td>122.9</td><td>847.5</td><td>78.4</td></tr><tr><td>1953</td><td>11,648.4</td><td>5,666.9</td><td>4,308.4</td><td>1,629.4</td><td>43.7</td><td>904.5</td><td>156.5</td><td>646.5</td><td>101.6</td></tr><tr><td>1954</td><td>12,918.6</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>969.0</td><td>211.0</td></tr><tr><td>1955</td><td>13,600.7</td><td>6,952.8</td><td>4,726.5</td><td>1,881.1</td><td>40.3</td><td>1,548.5</td><td>328.1</td><td>1,056.5</td><td>163.9</td></tr><tr><td>1956</td><td>12,939.1</td><td>8,045.4 1/2</td><td>5,392.8 1/2</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</td><td>15,158.3</td><td>7,916.6 1/2</td><td>5,665.3 1/2</td><td>1,517.3</td><td>59.0</td><td>2,199.4</td><td>385.5</td><td>1,666.5</td><td>147.3</td></tr><tr><td>1958</td><td>16,159.1</td><td>8,664.9</td><td>5,890.8</td><td>1,544.0</td><td>59.4</td><td>2,542.0</td><td>439.4</td><td>1,904.9</td><td>197.7</td></tr><tr><td>1959-January</td><td>16,228.4</td><td>8,532.1</td><td>6,106.9</td><td>1,537.5</td><td>51.9</td><td>2,432.2</td><td>441.0</td><td>1,840.0</td><td>151.2</td></tr><tr><td>February</td><td>16,616.7</td><td>8,756.7</td><td>6,257.3</td><td>1,541.0</td><td>61.6</td><td>2,378.6</td><td>411.2</td><td>1,815.7</td><td>151.7</td></tr><tr><td>March</td><td>16,655.2</td><td>8,623.1</td><td>6,302.3</td><td>1,675.5</td><td>54.2</td><td>2,418.8</td><td>430.8</td><td>1,827.0</td><td>161.0</td></tr><tr><td>April</td><td>16,798.6</td><td>8,438.3</td><td>6,624.0</td><td>1,667.6</td><td>68.7</td><td>2,399.0</td><td>427.9</td><td>1,819.1</td><td>152.0</td></tr><tr><td>May</td><td>17,127.6</td><td>8,801.7</td><td>6,565.5</td><td>1,718.8</td><td>61.5</td><td>2,427.3</td><td>438.6</td><td>1,825.1</td><td>163.7</td></tr><tr><td>June</td><td>18,127.9</td><td>8,967.0</td><td>6,618.0</td><td>2,755.8</td><td>77.1</td><td>2,441.1</td><td>451.5</td><td>1,828.7</td><td>160.9</td></tr><tr><td>July</td><td>18,710.7</td><td>9,141.5</td><td>6,721.8</td><td>2,780.5</td><td>66.9</td><td>2,384.2</td><td>437.4</td><td>1,766.4</td><td>180.8</td></tr><tr><td>August</td><td>18,791.3</td><td>9,175.4</td><td>6,829.8</td><td>2,720.2</td><td>65.9</td><td>2,356.3</td><td>422.5</td><td>1,755.6</td><td>178.1</td></tr><tr><td>September</td><td>19,174.4</td><td>9,226.4</td><td>6,885.7</td><td>2,991.4</td><td>70.9</td><td>2,391.6</td><td>457.8</td><td>1,735.2</td><td>198.6</td></tr><tr><td>October p</td><td>19,000.6</td><td>9,094.4</td><td>6,788.4</td><td>3,049.3</td><td>68.4</td><td>2,390.3</td><td>434.4</td><td>1,733.5</td><td>222.4</td></tr><tr><td>November p</td><td>19,274.0</td><td>9,074.0</td><td>6,974.9</td><td>3,159.8</td><td>65.4</td><td>2,467.5</td><td>489.7</td><td>1,782.7</td><td>201.1</td></tr></table>
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>Calendar year or month</th><th colspan="3">U.S. Government bonds and notes 1/</th><th colspan="3">Bonds 2/</th><th colspan="3">Corporate and other</th><th>Total purchase</th><th>Total sales</th><th>Net purchase of domestic securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1951-41</td><td>196.8</td><td>492.4</td><td>-295.7</td><td>2/</td><td>2/</td><td>2/</td><td>430.2</td><td>841.6</td><td>-411.4</td><td>9,322.1</td><td>8,695.3</td><td>626.7</td></tr><tr><td>1952</td><td>166.2</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>212.0</td><td>45.6</td></tr><tr><td>1953</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>365.2</td><td>27.8</td></tr><tr><td>1954</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>1955</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>1956</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>1957</td><td>342.8</td><td>282.3</td><td>61.5</td><td>2/</td><td>2/</td><td>2/</td><td>225.1</td><td>376.6</td><td>-150.6</td><td>570.9</td><td>659.9</td><td>-89.1</td></tr><tr><td>1958</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>844.4</td><td>-192.2</td></tr><tr><td>1959</td><td>430.0</td><td>333.6</td><td>96.4</td><td>2/</td><td>2/</td><td>2/</td><td>354.1</td><td>375.3</td><td>-21.2</td><td>784.1</td><td>708.9</td><td>75.2</td></tr><tr><td>1960</td><td>1,236.4</td><td>294.3</td><td>942.1</td><td>107.7</td><td>108.3</td><td>-0.6</td><td>666.9</td><td>664.0</td><td>2.9</td><td>2,011.1</td><td>1,066.6</td><td>944.4</td></tr><tr><td>1951</td><td>673.6</td><td>1,356.6</td><td>-683.0</td><td>120.0</td><td>141.6</td><td>-21.6</td><td>79.9</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>1,384.0</td><td>1,069.0</td><td>314.9</td></tr><tr><td>1953</td><td>666.0</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>February</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>1,151.2</td><td>980.2</td><td>135.0</td><td>2,701.7</td><td>2,056.4</td><td>147.3</td></tr><tr><td>1955</td><td>1,341.1</td><td>872.2</td><td>529.0</td><td>324.7</td><td>298.0</td><td>28.7</td><td>1,561.7</td><td>1,433.7</td><td>128.0</td><td>3,227.0</td><td>2,542.8</td><td>168.2</td></tr><tr><td>1956</td><td>883.4</td><td>1,018.3</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</td><td>666.1</td><td>718.3</td><td>-52.1</td><td>310.2</td><td>258.9</td><td>51.3</td><td>1,306.4</td><td>1,363.8</td><td>12.6</td><td>2,282.8</td><td>2,141.0</td><td>141.8</td></tr><tr><td>1958</td><td>1,223.9</td><td>1,187.6</td><td>36.3</td><td>361.4</td><td>344.0</td><td>17.3</td><td>1,397.3</td><td>1,453.6</td><td>-56.3</td><td>2,982.5</td><td>2,985.2</td><td>-2.7</td></tr><tr><td>1959-January</td><td>127.0</td><td>22.9</td><td>104.0</td><td>22.3</td><td>23.9</td><td>-1.6</td><td>190.6</td><td>171.2</td><td>19.3</td><td>339.8</td><td>218.0</td><td>121.8</td></tr><tr><td>February</td><td>78.3</td><td>85.3</td><td>-7.1</td><td>28.2</td><td>20.9</td><td>7.4</td><td>158.2</td><td>142.6</td><td>15.7</td><td>266.7</td><td>256.1</td><td>10.6</td></tr><tr><td>March</td><td>37.1</td><td>18.4</td><td>18.7</td><td>30.5</td><td>25.1</td><td>5.4</td><td>200.6</td><td>198.9</td><td>1.7</td><td>268.2</td><td>242.4</td><td>25.8</td></tr><tr><td>April</td><td>60.1</td><td>19.4</td><td>40.7</td><td>24.0</td><td>19.3</td><td>4.7</td><td>201.7</td><td>176.5</td><td>25.2</td><td>285.7</td><td>215.2</td><td>70.5</td></tr><tr><td>May</td><td>39.0</td><td>23.3</td><td>15.7</td><td>25.0</td><td>23.8</td><td>1.2</td><td>214.8</td><td>178.9</td><td>36.0</td><td>278.8</td><td>226.0</td><td>52.8</td></tr><tr><td>June</td><td>24.1</td><td>23.4</td><td>-0.7</td><td>32.5</td><td>27.4</td><td>5.1</td><td>189.2</td><td>153.6</td><td>35.6</td><td>265.8</td><td>204.4</td><td>61.4</td></tr><tr><td>July</td><td>63.1</td><td>39.7</td><td>23.3</td><td>31.9</td><td>26.2</td><td>5.8</td><td>197.4</td><td>163.7</td><td>33.7</td><td>292.4</td><td>229.6</td><td>62.8</td></tr><tr><td>August</td><td>258.5</td><td>25.0</td><td>233.5</td><td>32.5</td><td>22.6</td><td>9.9</td><td>157.9</td><td>122.6</td><td>35.3</td><td>448.9</td><td>170.2</td><td>278.7</td></tr><tr><td>September</td><td>105.8</td><td>39.5</td><td>66.3</td><td>40.3</td><td>22.3</td><td>18.0</td><td>137.0</td><td>111.3</td><td>25.7</td><td>283.1</td><td>173.1</td><td>110.0</td></tr><tr><td>October p...</td><td>157.6</td><td>77.0</td><td>80.6</td><td>36.8</td><td>25.3</td><td>11.5</td><td>154.3</td><td>125.7</td><td>28.7</td><td>348.7</td><td>228.0</td><td>120.7</td></tr><tr><td>November p...</td><td>164.4</td><td>98.8</td><td>67.5</td><td>37.0</td><td>26.1</td><td>10.9</td><td>196.8</td><td>148.5</td><td>48.3</td><td>400.2</td><td>273.4</td><td>126.8</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. p Preliminary.
64
January 1960
65
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>1955-January</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>1952</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>1942</td><td>314.3</td><td>225.3</td><td>89.0</td><td>26.6</td><td>22.1</td><td>4.5</td><td>340.9</td><td>247.4</td><td>93.5</td></tr><tr><td>1945</td><td>318.1</td><td>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>658.7</td><td>634.3</td><td>24.5</td><td>57.1</td><td>42.6</td><td>14.6</td><td>715.9</td><td>676.8</td><td>39.0</td></tr><tr><td>1948</td><td>211.6</td><td>291.4</td><td>-79.8</td><td>81.7</td><td>96.7</td><td>-15.0</td><td>293.3</td><td>388.2</td><td>-94.8</td></tr><tr><td>1949</td><td>321.2</td><td>311.5</td><td>9.8</td><td>88.8</td><td>70.8</td><td>18.0</td><td>410.1</td><td>382.3</td><td>27.8</td></tr><tr><td>1950</td><td>589.2</td><td>710.2</td><td>-121.0</td><td>173.8</td><td>198.2</td><td>-24.4</td><td>763.0</td><td>908.4</td><td>-145.4</td></tr><tr><td>1951</td><td>500.4</td><td>801.0</td><td>-300.6</td><td>272.3</td><td>348.7</td><td>-76.4</td><td>772.7</td><td>1,143.7</td><td>-377.0</td></tr><tr><td>1952</td><td>495.3</td><td>677.4</td><td>-182.1</td><td>239.9</td><td>323.6</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>-511.1</td></tr><tr><td>1957</td><td>699.0</td><td>1,392.0</td><td>-693.1</td><td>592.8</td><td>621.9</td><td>-29.1</td><td>1,291.8</td><td>2,012.0</td><td>-722.1</td></tr><tr><td>1958</td><td>889.0</td><td>1,915.1</td><td>-1,026.1</td><td>467.2</td><td>803.7</td><td>-336.4</td><td>1,356.2</td><td>2,718.8</td><td>-1,362.5</td></tr><tr><td>1959-January</td><td>133.6</td><td>186.1</td><td>-52.5</td><td>44.8</td><td>134.9</td><td>-90.1</td><td>178.4</td><td>321.0</td><td>-142.6</td></tr><tr><td>February</td><td>99.2</td><td>184.7</td><td>85.6</td><td>40.8</td><td>73.2</td><td>-32.3</td><td>140.0</td><td>257.9</td><td>-117.9</td></tr><tr><td>March</td><td>62.5</td><td>88.6</td><td>-26.1</td><td>45.1</td><td>84.5</td><td>-39.4</td><td>107.6</td><td>173.1</td><td>-65.4</td></tr><tr><td>April</td><td>49.1</td><td>73.9</td><td>-24.9</td><td>51.0</td><td>75.6</td><td>-24.6</td><td>100.1</td><td>149.6</td><td>-49.5</td></tr><tr><td>May</td><td>111.4</td><td>168.7</td><td>-57.3</td><td>46.6</td><td>82.6</td><td>-36.1</td><td>157.9</td><td>251.3</td><td>-93.4</td></tr><tr><td>June</td><td>44.9</td><td>44.5</td><td>.4</td><td>49.3</td><td>55.8</td><td>-6.5</td><td>94.3</td><td>100.3</td><td>-6.0</td></tr><tr><td>July</td><td>60.5</td><td>162.6</td><td>-102.1</td><td>47.5</td><td>52.7</td><td>-5.2</td><td>108.0</td><td>215.3</td><td>-107.3</td></tr><tr><td>August</td><td>271.1</td><td>27.3</td><td>-21.8</td><td>44.6</td><td>50.2</td><td>-5.8</td><td>71.5</td><td>77.5</td><td>-6.0</td></tr><tr><td>September</td><td>156.5</td><td>208.3</td><td>-51.8</td><td>44.0</td><td>43.6</td><td>.4</td><td>200.6</td><td>251.9</td><td>-51.3</td></tr><tr><td>October p</td><td>51.6</td><td>72.6</td><td>-21.0</td><td>55.4</td><td>35.2</td><td>20.2</td><td>107.0</td><td>107.8</td><td>-8</td></tr><tr><td>November p</td><td>53.3</td><td>92.8</td><td>-39.5</td><td>41.3</td><td>51.4</td><td>-10.1</td><td>94.6</td><td>144.2</td><td>-49.6</td></tr></table>
n.a. Not available. p Preliminary.
66
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1. Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1955</th><th>1956</th><th>1957</th><th>1958</th><th>May</th><th>June</th><th>July</th><th>August</th><th>September</th><th>October p</th><th>November 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>260.8</td><td>236.4</td><td>348.9</td><td>411.2</td><td>409.1</td><td>390.1</td><td>389.6</td><td>391.1</td><td>393.8</td><td>391.5</td><td>363.6</td></tr><tr><td>Belgium</td><td>108.3</td><td>116.9</td><td>130.2</td><td>115.1</td><td>123.7</td><td>118.1</td><td>122.3</td><td>118.8</td><td>128.7</td><td>125.1</td><td>122.3</td></tr><tr><td>Czechoslovakia</td><td>.7</td><td>.5</td><td>.7</td><td>.6</td><td>.6</td><td>.7</td><td>.7</td><td>.7</td><td>.7</td><td>.7</td><td>.6</td></tr><tr><td>Denmark</td><td>60.0</td><td>65.5</td><td>112.5</td><td>168.8</td><td>110.3</td><td>110.3</td><td>119.3</td><td>98.2</td><td>112.9</td><td>109.6</td><td>122.3</td></tr><tr><td>Finland</td><td>49.3</td><td>53.2</td><td>64.5</td><td>68.8</td><td>72.7</td><td>70.6</td><td>72.0</td><td>75.6</td><td>70.6</td><td>78.7</td><td>81.1</td></tr><tr><td>France</td><td>1,080.6</td><td>626.2</td><td>353.7</td><td>532.1</td><td>854.6</td><td>980.5</td><td>1,054.4</td><td>1,139.2</td><td>1,156.7</td><td>1,094.6</td><td>901.3</td></tr><tr><td>Germany, Federal Republic of</td><td>1,454.4</td><td>1,834.5</td><td>1,557.2</td><td>1,754.7</td><td>1,403.1</td><td>1,459.2</td><td>1,435.5</td><td>1,391.3</td><td>1,412.7</td><td>1,521.2</td><td>1,680.3</td></tr><tr><td>Greace</td><td>175.7</td><td>177.4</td><td>153.5</td><td>136.3</td><td>156.2</td><td>153.5</td><td>163.5</td><td>165.3</td><td>160.9</td><td>171.7</td><td>191.3</td></tr><tr><td>Italy</td><td>785.4</td><td>929.6</td><td>1,078.6</td><td>1,120.8</td><td>1,297.8</td><td>1,408.7</td><td>1,475.8</td><td>1,569.8</td><td>1,578.3</td><td>1,534.9</td><td>1,523.0</td></tr><tr><td>Netherlands</td><td>163.7</td><td>133.7</td><td>202.5</td><td>338.7</td><td>363.4</td><td>396.3</td><td>397.0</td><td>422.5</td><td>435.2</td><td>436.5</td><td>428.0</td></tr><tr><td>Norway</td><td>81.7</td><td>66.6</td><td>93.4</td><td>129.6</td><td>108.3</td><td>112.5</td><td>109.1</td><td>102.0</td><td>103.1</td><td>100.9</td><td>97.9</td></tr><tr><td>Poland</td><td>2.5</td><td>3.3</td><td>3.2</td><td>4.9</td><td>6.1</td><td>4.8</td><td>6.1</td><td>4.9</td><td>4.2</td><td>6.3</td><td>4.2</td></tr><tr><td>Portugal</td><td>131.8</td><td>137.0</td><td>142.1</td><td>163.0</td><td>162.1</td><td>151.2</td><td>152.6</td><td>155.0</td><td>150.9</td><td>141.8</td><td>137.8</td></tr><tr><td>Romania</td><td>8.1</td><td>.9</td><td>.8</td><td>.9</td><td>.9</td><td>.8</td><td>.9</td><td>.9</td><td>.9</td><td>.9</td><td>.8</td></tr><tr><td>Spain</td><td>104.4</td><td>43.2</td><td>24.3</td><td>36.2</td><td>33.5</td><td>34.7</td><td>31.9</td><td>59.1</td><td>67.5</td><td>71.0</td><td>78.8</td></tr><tr><td>Sweden</td><td>152.9</td><td>217.2</td><td>260.3</td><td>303.4</td><td>322.1</td><td>349.9</td><td>351.1</td><td>343.4</td><td>330.1</td><td>240.6</td><td>243.9</td></tr><tr><td>Switzerland</td><td>756.7</td><td>835.8</td><td>967.0</td><td>851.9</td><td>857.2</td><td>878.2</td><td>868.2</td><td>869.1</td><td>905.1</td><td>891.3</td><td>902.4</td></tr><tr><td>Turkey</td><td>8.7</td><td>20.4</td><td>18.2</td><td>20.1</td><td>21.8</td><td>20.9</td><td>26.6</td><td>29.0</td><td>32.2</td><td>28.0</td><td>33.7</td></tr><tr><td>U.S.S.R.</td><td>.7</td><td>.8</td><td>.7</td><td>2.2</td><td>2.3</td><td>10.9</td><td>1.5</td><td>2.1</td><td>1.9</td><td>2.4</td><td>3.6</td></tr><tr><td>United Kingdom</td><td>550.0</td><td>1,012.1</td><td>1,275.4</td><td>872.9</td><td>1,094.1</td><td>1,081.1</td><td>1,091.2</td><td>1,093.3</td><td>1,056.0</td><td>876.3</td><td>957.4</td></tr><tr><td>Yugoslavia</td><td>13.0</td><td>17.0</td><td>10.6</td><td>9.5</td><td>6.5</td><td>7.4</td><td>6.2</td><td>6.9</td><td>6.3</td><td>6.1</td><td>5.3</td></tr><tr><td>Other Europe</td><td>197.1</td><td>276.9</td><td>343.7</td><td>676.1</td><td>571.9</td><td>527.3</td><td>528.8</td><td>519.1</td><td>549.1</td><td>576.6</td><td>568.9</td></tr><tr><td>Total Europe</td><td>6,145.5</td><td>6,364.9</td><td>7,141.8</td><td>7,707.9</td><td>7,978.3</td><td>8,230.6</td><td>8,404.3</td><td>8,557.2</td><td>8,658.0</td><td>8,394.4</td><td>8,460.0</td></tr><tr><td>Canada</td><td>1,032.2</td><td>1,515.5</td><td>1,623.0</td><td>2,019.2</td><td>2,094.4</td><td>2,121.7</td><td>2,231.4</td><td>2,135.3</td><td>2,245.5</td><td>2,253.0</td><td>2,327.6</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>137.9</td><td>145.7</td><td>136.8</td><td>149.8</td><td>210.7</td><td>206.3</td><td>221.8</td><td>245.3</td><td>267.6</td><td>290.8</td><td>309.5</td></tr><tr><td>Bolivia</td><td>26.4</td><td>28.6</td><td>26.3</td><td>22.2</td><td>21.8</td><td>22.4</td><td>22.3</td><td>19.5</td><td>20.5</td><td>22.9</td><td>22.5</td></tr><tr><td>Brazil</td><td>143.4</td><td>224.7</td><td>132.2</td><td>138.1</td><td>176.2</td><td>153.6</td><td>154.0</td><td>163.4</td><td>169.1</td><td>150.4</td><td>140.0</td></tr><tr><td>Chile</td><td>95.2</td><td>90.6</td><td>75.1</td><td>100.0</td><td>101.7</td><td>130.2</td><td>121.4</td><td>144.3</td><td>171.2</td><td>141.0</td><td>139.4</td></tr><tr><td>Colombie</td><td>130.5</td><td>152.9</td><td>152.9</td><td>164.8</td><td>209.7</td><td>201.0</td><td>202.8</td><td>209.2</td><td>207.2</td><td>200.5</td><td>214.8</td></tr><tr><td>Cuba</td><td>252.7</td><td>211.5</td><td>235.0</td><td>286.5</td><td>29.9</td><td>221.7</td><td>226.7</td><td>206.5</td><td>201.8</td><td>190.6</td><td>167.5</td></tr><tr><td> Dominican Republic</td><td>64.9</td><td>68.2</td><td>53.6</td><td>39.7</td><td>46.1</td><td>44.2</td><td>43.2</td><td>39.6</td><td>37.4</td><td>39.1</td><td>40.8</td></tr><tr><td>Costa Rica</td><td>44.8</td><td>63.7</td><td>65.4</td><td>41.6</td><td>44.0</td><td>42.5</td><td>39.2</td><td>36.4</td><td>34.7</td><td>35.5</td><td>35.8</td></tr><tr><td>Mexico</td><td>413.7</td><td>433.0</td><td>386.3</td><td>418.2</td><td>445.2</td><td>406.5</td><td>402.4</td><td>416.2</td><td>400.4</td><td>396.2</td><td>419.8</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>46.6</td><td>68.6</td><td>73.4</td><td>79.4</td><td>78.4</td><td>78.3</td><td>79.8</td><td>79.2</td><td>84.6</td><td>85.1</td><td>85.2</td></tr><tr><td>Panama, Republic of</td><td>85.7</td><td>109.3</td><td>136.0</td><td>146.3</td><td>149.8</td><td>146.9</td><td>159.1</td><td>155.0</td><td>156.5</td><td>150.1</td><td>142.5</td></tr><tr><td>Peru</td><td>92.2</td><td>83.6</td><td>59.9</td><td>77.1</td><td>82.4</td><td>77.4</td><td>77.1</td><td>80.6</td><td>87.8</td><td>95.7</td><td>88.3</td></tr><tr><td>El Salvador</td><td>23.9</td><td>25.5</td><td>27.2</td><td>26.2</td><td>38.5</td><td>38.4</td><td>32.8</td><td>29.1</td><td>25.0</td><td>22.4</td><td>26.5</td></tr><tr><td>Uruguay</td><td>65.0</td><td>73.3</td><td>55.1</td><td>82.4</td><td>89.0</td><td>78.0</td><td>76.6</td><td>84.5</td><td>70.6</td><td>69.9</td><td>67.9</td></tr><tr><td>Venezuela</td><td>264.9</td><td>455.5</td><td>835.5</td><td>494.1</td><td>549.4</td><td>499.7</td><td>406.9</td><td>428.0</td><td>277.6</td><td>254.2</td><td>251.0</td></tr><tr><td>Other Latin America</td><td>112.1</td><td>111.2</td><td>124.4</td><td>133.0</td><td>172.3</td><td>170.3</td><td>169.0</td><td>175.2</td><td>161.4</td><td>152.5</td><td>148.1</td></tr><tr><td>Total Latin America</td><td>1,999.8</td><td>2,345.7</td><td>2,575.1</td><td>2,403.4</td><td>2,660.8</td><td>2,548.4</td><td>2,435.9</td><td>2,512.0</td><td>2,363.5</td><td>2,296.7</td><td>2,299.6</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>36.2</td><td>35.5</td><td>36.3</td><td>36.0</td><td>36.0</td><td>36.0</td><td>35.6</td><td>35.6</td><td>36.4</td><td>35.7</td><td>35.5</td></tr><tr><td>Hong Kong</td><td>55.0</td><td>66.2</td><td>69.7</td><td>61.6</td><td>58.2</td><td>57.2</td><td>56.0</td><td>56.6</td><td>58.2</td><td>58.9</td><td>60.6</td></tr><tr><td>India</td><td>72.8</td><td>76.5</td><td>82.4</td><td>77.3</td><td>94.0</td><td>99.4</td><td>112.7</td><td>102.9</td><td>119.2</td><td>121.7</td><td>115.3</td></tr><tr><td>Indonesia</td><td>174.5</td><td>185.7</td><td>154.7</td><td>104.8</td><td>80.8</td><td>77.0</td><td>88.4</td><td>91.9</td><td>108.1</td><td>115.9</td><td>129.8</td></tr><tr><td>Iran</td><td>36.6</td><td>19.7</td><td>55.3</td><td>42.7</td><td>51.2</td><td>39.3</td><td>27.0</td><td>27.6</td><td>29.0</td><td>21.5</td><td>23.8</td></tr><tr><td>Israel</td><td>52.8</td><td>45.0</td><td>52.2</td><td>55.9</td><td>69.9</td><td>85.5</td><td>86.5</td><td>94.4</td><td>78.3</td><td>30.4</td><td>81.2</td></tr><tr><td>Japan</td><td>893.2</td><td>1,016.5</td><td>585.7</td><td>95.1</td><td>1,068.4</td><td>1,101.0</td><td>1,130.9</td><td>1,106.1</td><td>1,140.8</td><td>1,168.9</td><td>1,214.7</td></tr><tr><td>Korea, Republic of</td><td>87.9</td><td>99.4</td><td>117.0</td><td>125.5</td><td>142.0</td><td>145.5</td><td>147.1</td><td>148.0</td><td>149.8</td><td>152.1</td><td>148.2</td></tr><tr><td>Philippines</td><td>252.0</td><td>272.4</td><td>174.5</td><td>176.3</td><td>175.0</td><td>168.3</td><td>163.4</td><td>182.1</td><td>180.2</td><td>176.4</td><td>179.1</td></tr><tr><td>Taiwan</td><td>38.8</td><td>60.5</td><td>85.8</td><td>98.7</td><td>92.3</td><td>89.5</td><td>90.0</td><td>89.7</td><td>87.2</td><td>91.1</td><td>92.3</td></tr><tr><td>Thailand</td><td>137.9</td><td>148.3</td><td>156.5</td><td>133.3</td><td>133.0</td><td>133.5</td><td>132.9</td><td>126.1</td><td>127.4</td><td>129.1</td><td>133.1</td></tr><tr><td>Other Asia</td><td>343.4</td><td>389.3</td><td>380.2</td><td>334.6</td><td>390.7</td><td>407.0</td><td>461.5</td><td>465.4</td><td>447.9</td><td>476.9</td><td>447.9</td></tr><tr><td>Total Asia</td><td>2,181.2</td><td>2,415.1</td><td>1,946.3</td><td>2,205.3</td><td>2,391.5</td><td>2,439.2</td><td>2,531.9</td><td>2,526.3</td><td>2,560.5</td><td>2,636.7</td><td>2,657.5</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>75.1</td><td>84.2</td><td>84.8</td><td>78.9</td><td>83.1</td><td>91.2</td><td>84.0</td><td>85.1</td><td>109.5</td><td>122.8</td><td>114.8</td></tr><tr><td>Belgian Congo</td><td>41.5</td><td>44.2</td><td>39.3</td><td>26.8</td><td>32.4</td><td>35.3</td><td>38.5</td><td>30.7</td><td>28.6</td><td>29.3</td><td>28.8</td></tr><tr><td>Egypt 2/</td><td>71.6</td><td>50.3</td><td>40.1</td><td>16.2</td><td>16.0</td><td>15.9</td><td>16.4</td><td>15.8</td><td>15.5</td><td>17.2</td><td>18.0</td></tr><tr><td>Union of South Africa</td><td>52.6</td><td>52.9</td><td>37.6</td><td>29.6</td><td>33.0</td><td>35.6</td><td>47.7</td><td>53.5</td><td>42.9</td><td>47.9</td><td>50.8</td></tr><tr><td>All other</td><td>119.0</td><td>114.2</td><td>153.0</td><td>124.9</td><td>139.2</td><td>144.2</td><td>140.1</td><td>155.4</td><td>158.9</td><td>163.2</td><td>160.9</td></tr><tr><td>Total other countries</td><td>359.9</td><td>345.9</td><td>354.7</td><td>279.3</td><td>309.8</td><td>322.2</td><td>326.8</td><td>340.4</td><td>355.4</td><td>380.4</td><td>369.5</td></tr><tr><td>International</td><td>1,881.1</td><td>1,452.1</td><td>1,517.3</td><td>1,544.0</td><td>1,718.8</td><td>2,755.8</td><td>2,780.5</td><td>2,720.2</td><td>2,911.4</td><td>3,049.3</td><td>3,159.8</td></tr><tr><td>Grand total</td><td>13,600.7</td><td>14,939.1</td><td>15,158.3</td><td>16,159.1</td><td>17,147.6</td><td>18,417.9</td><td>18,710.7</td><td>18,791.3</td><td>19,174.4</td><td>19,000.6</td><td>19,274.0</td></tr></table>
1/ Liabilities to countries not regularly reported separately are published annually in Section IV, Table 5.
2/ Part of United Arab Republic (Egypt and Syria) since February 1958.
Date on liabilities to Syria are published annually in Section IV, Table 5. p Preliminary.
67
January 1960
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1955</th><th>1956</th><th>1957</th><th>1958</th><th>May</th><th>June</th><th>July</th><th>August</th><th>September</th><th>October p</th><th>November 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>2.0</td><td>6.7</td><td>6.4</td><td>7.1</td><td>5.3</td><td>5.8</td><td>5.8</td><td>5.2</td><td>5.9</td><td>5.3</td><td>4.7</td></tr><tr><td>Belgium</td><td>15.9</td><td>28.1</td><td>24.5</td><td>64.6</td><td>51.1</td><td>49.5</td><td>52.6</td><td>48.4</td><td>50.5</td><td>50.2</td><td>51.3</td></tr><tr><td>Czecho-slovakia</td><td>-</td><td>2.2</td><td>1.1</td><td>0.7</td><td>1.3</td><td>1.0</td><td>1.6</td><td>1.1</td><td>1.3</td><td>0.9</td><td>1.0</td></tr><tr><td>Denmark</td><td>13.2</td><td>12.2</td><td>10.7</td><td>14.3</td><td>8.6</td><td>8.0</td><td>9.2</td><td>9.3</td><td>10.4</td><td>11.0</td><td>14.1</td></tr><tr><td>Finland</td><td>2.5</td><td>3.5</td><td>4.1</td><td>5.9</td><td>5.8</td><td>5.5</td><td>5.4</td><td>5.3</td><td>6.8</td><td>7.9</td><td>8.3</td></tr><tr><td>France</td><td>12.1</td><td>18.3</td><td>114.4</td><td>102.1</td><td>99.3</td><td>93.6</td><td>91.0</td><td>89.3</td><td>80.6</td><td>65.1</td><td>59.9</td></tr><tr><td>Germany, Federal Republic of</td><td>87.8</td><td>157.0</td><td>140.0</td><td>76.5</td><td>51.8</td><td>54.3</td><td>52.0</td><td>44.9</td><td>43.8</td><td>41.0</td><td>47.7</td></tr><tr><td>Græce</td><td>4.5</td><td>4.3</td><td>6.3</td><td>7.2</td><td>8.0</td><td>7.3</td><td>7.1</td><td>7.0</td><td>7.2</td><td>6.7</td><td>6.6</td></tr><tr><td>Italy</td><td>29.9</td><td>43.2</td><td>56.3</td><td>35.7</td><td>34.0</td><td>37.3</td><td>31.1</td><td>34.1</td><td>32.6</td><td>28.6</td><td>28.4</td></tr><tr><td>Netherlands</td><td>11.2</td><td>20.9</td><td>29.4</td><td>55.6</td><td>33.6</td><td>31.1</td><td>32.0</td><td>23.5</td><td>22.1</td><td>23.4</td><td>21.6</td></tr><tr><td>Norway</td><td>8.8</td><td>23.4</td><td>23.4</td><td>22.2</td><td>10.7</td><td>9.6</td><td>8.4</td><td>10.3</td><td>9.7</td><td>8.9</td><td>9.2</td></tr><tr><td>Poland</td><td>1.1</td><td>1.6</td><td>3.6</td><td>3.5</td><td>7.8</td><td>6.9</td><td>6.6</td><td>7.3</td><td>6.9</td><td>6.8</td><td>5.5</td></tr><tr><td>Portugal</td><td>1.5</td><td>1.6</td><td>2.0</td><td>2.1</td><td>2.1</td><td>2.0</td><td>1.7</td><td>1.8</td><td>2.0</td><td>1.3</td><td>1.9</td></tr><tr><td>Romania</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Spain</td><td>4.8</td><td>7.6</td><td>8.1</td><td>29.7</td><td>27.9</td><td>26.1</td><td>25.1</td><td>10.8</td><td>10.8</td><td>8.9</td><td>7.7</td></tr><tr><td>Sweden</td><td>7.4</td><td>13.1</td><td>10.2</td><td>21.0</td><td>14.8</td><td>10.5</td><td>12.3</td><td>12.6</td><td>18.7</td><td>14.7</td><td>15.9</td></tr><tr><td>Switzerland</td><td>25.7</td><td>28.9</td><td>34.5</td><td>42.4</td><td>39.2</td><td>34.2</td><td>35.8</td><td>34.4</td><td>38.8</td><td>36.2</td><td>37.3</td></tr><tr><td>Turkey</td><td>77.9</td><td>87.6</td><td>76.2</td><td>72.5</td><td>50.8</td><td>48.8</td><td>56.9</td><td>69.8</td><td>74.3</td><td>71.6</td><td>62.2</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>109.3</td><td>104.4</td><td>97.5</td><td>123.9</td><td>104.8</td><td>105.2</td><td>122.2</td><td>142.0</td><td>150.9</td><td>150.4</td><td>173.8</td></tr><tr><td>Yugoslavia</td><td>2.0</td><td>3.3</td><td>2.2</td><td>1.7</td><td>1.7</td><td>2.2</td><td>3.2</td><td>3.7</td><td>3.2</td><td>2.9</td><td>1.5</td></tr><tr><td>Other Europe</td><td>6.4</td><td>6.3</td><td>5.8</td><td>5.2</td><td>6.6</td><td>5.5</td><td>6.0</td><td>6.3</td><td>8.4</td><td>9.6</td><td>10.8</td></tr><tr><td>Total Europe</td><td>423.2</td><td>567.5</td><td>653.6</td><td>695.9</td><td>565.2</td><td>544.4</td><td>566.0</td><td>567.1</td><td>585.5</td><td>551.5</td><td>572.5</td></tr><tr><td>Canada</td><td>143.7</td><td>157.3</td><td>154.1</td><td>242.5</td><td>235.9</td><td>229.2</td><td>244.6</td><td>240.9</td><td>272.3</td><td>313.0</td><td>282.4</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>6.8</td><td>15.4</td><td>28.3</td><td>39.8</td><td>43.1</td><td>45.1</td><td>43.8</td><td>44.5</td><td>48.1</td><td>46.9</td><td>51.8</td></tr><tr><td>Bolivia</td><td>3.8</td><td>4.3</td><td>3.2</td><td>3.1</td><td>3.1</td><td>2.8</td><td>2.8</td><td>2.9</td><td>3.1</td><td>3.1</td><td>3.1</td></tr><tr><td>Brazil</td><td>68.7</td><td>72.1</td><td>99.5</td><td>127.5</td><td>155.6</td><td>167.3</td><td>151.0</td><td>134.2</td><td>125.5</td><td>109.7</td><td>113.4</td></tr><tr><td>Chile</td><td>13.7</td><td>16.2</td><td>32.6</td><td>52.1</td><td>58.4</td><td>65.0</td><td>40.0</td><td>36.5</td><td>41.7</td><td>45.7</td><td>47.0</td></tr><tr><td>Colombia</td><td>143.0</td><td>145.1</td><td>103.2</td><td>50.6</td><td>49.5</td><td>53.4</td><td>53.4</td><td>54.6</td><td>54.9</td><td>57.9</td><td>58.1</td></tr><tr><td>Cuba</td><td>91.9</td><td>89.8</td><td>113.1</td><td>166.1</td><td>139.6</td><td>130.0</td><td>118.9</td><td>91.7</td><td>90.8</td><td>91.3</td><td>100.9</td></tr><tr><td>Dominican Republic</td><td>5.4</td><td>5.8</td><td>14.7</td><td>19.1</td><td>23.3</td><td>27.5</td><td>29.1</td><td>27.8</td><td>30.1</td><td>29.4</td><td>30.6</td></tr><tr><td>Guatemala</td><td>5.1</td><td>7.3</td><td>7.8</td><td>11.8</td><td>10.0</td><td>9.9</td><td>9.4</td><td>10.6</td><td>9.7</td><td>12.7</td><td>10.0</td></tr><tr><td>Mexico</td><td>153.7</td><td>212.9</td><td>231.0</td><td>293.0</td><td>277.8</td><td>278.9</td><td>271.1</td><td>269.0</td><td>266.7</td><td>264.9</td><td>274.9</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>2.6</td><td>4.9</td><td>2.3</td><td>5.9</td><td>3.0</td><td>2.7</td><td>3.2</td><td>2.7</td><td>2.6</td><td>2.8</td><td>3.8</td></tr><tr><td>Panama, Republic of</td><td>16.6</td><td>12.2</td><td>18.5</td><td>23.4</td><td>27.6</td><td>22.3</td><td>21.0</td><td>24.0</td><td>22.3</td><td>23.1</td><td>16.7</td></tr><tr><td>Peru</td><td>29.4</td><td>34.7</td><td>30.8</td><td>30.7</td><td>37.0</td><td>31.1</td><td>34.5</td><td>34.2</td><td>32.4</td><td>34.1</td><td>33.8</td></tr><tr><td>El Salvador</td><td>8.1</td><td>10.9</td><td>8.4</td><td>9.8</td><td>5.4</td><td>6.1</td><td>6.1</td><td>6.6</td><td>8.9</td><td>13.7</td><td>15.8</td></tr><tr><td>Uruguay</td><td>15.1</td><td>14.9</td><td>51.7</td><td>52.9</td><td>34.4</td><td>38.1</td><td>26.8</td><td>39.3</td><td>40.2</td><td>40.0</td><td>44.7</td></tr><tr><td>Venezuela</td><td>104.8</td><td>123.9</td><td>169.9</td><td>121.7</td><td>143.4</td><td>151.4</td><td>139.4</td><td>136.2</td><td>142.2</td><td>145.4</td><td>173.3</td></tr><tr><td>Other latin America</td><td>33.9</td><td>49.2</td><td>51.0</td><td>52.5</td><td>50.9</td><td>49.3</td><td>49.3</td><td>49.9</td><td>49.2</td><td>49.4</td><td>52.6</td></tr><tr><td>Total latin America</td><td>705.6</td><td>840.4</td><td>955.8</td><td>1,099.3</td><td>1,063.7</td><td>1,082.5</td><td>999.7</td><td>961.8</td><td>968.3</td><td>970.0</td><td>1,030.4</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2.5</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>2.5</td><td>2.5</td><td>2.5</td><td>2.5</td></tr><tr><td>Rong Kong</td><td>3.3</td><td>3.8</td><td>6.9</td><td>5.5</td><td>7.9</td><td>7.3</td><td>8.0</td><td>9.0</td><td>8.6</td><td>8.5</td><td>10.0</td></tr><tr><td>India</td><td>5.4</td><td>5.7</td><td>5.6</td><td>4.1</td><td>5.4</td><td>5.3</td><td>5.7</td><td>5.7</td><td>6.1</td><td>6.5</td><td>5.9</td></tr><tr><td>Indonesia</td><td>18.0</td><td>20.1</td><td>21.7</td><td>27.3</td><td>31.9</td><td>35.5</td><td>31.3</td><td>29.4</td><td>29.7</td><td>27.9</td><td>29.0</td></tr><tr><td>Iran</td><td>10.4</td><td>16.4</td><td>23.6</td><td>23.3</td><td>16.5</td><td>16.3</td><td>17.1</td><td>14.6</td><td>13.0</td><td>11.8</td><td>8.8</td></tr><tr><td>Israel</td><td>102.9</td><td>170.2</td><td>145.6</td><td>178.6</td><td>242.1</td><td>260.3</td><td>256.5</td><td>269.4</td><td>262.4</td><td>261.7</td><td>275.4</td></tr><tr><td>Japan</td><td>1.0</td><td>1.7</td><td>1.6</td><td>1.3</td><td>1.1</td><td>1.6</td><td>4.8</td><td>1.3</td><td>1.3</td><td>1.3</td><td>1.2</td></tr><tr><td>Korea, Republic of</td><td>18.8</td><td>15.6</td><td>52.9</td><td>66.8</td><td>29.5</td><td>23.9</td><td>18.2</td><td>18.4</td><td>16.9</td><td>11.2</td><td>20.0</td></tr><tr><td>Philippines</td><td>5.5</td><td>5.5</td><td>5.7</td><td>6.1</td><td>9.7</td><td>8.7</td><td>8.2</td><td>7.9</td><td>8.0</td><td>8.3</td><td>7.8</td></tr><tr><td>Thailand</td><td>8.0</td><td>9.0</td><td>13.7</td><td>12.8</td><td>16.5</td><td>19.8</td><td>12.0</td><td>12.5</td><td>11.7</td><td>12.5</td><td>14.1</td></tr><tr><td>Other Asia</td><td>56.0</td><td>87.5</td><td>106.1</td><td>106.5</td><td>138.6</td><td>138.8</td><td>145.3</td><td>147.2</td><td>150.7</td><td>150.9</td><td>153.1</td></tr><tr><td>Total Asia</td><td>232.6</td><td>337.5</td><td>386.1</td><td>435.1</td><td>501.9</td><td>520.2</td><td>509.9</td><td>517.5</td><td>511.2</td><td>503.4</td><td>528.7</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>11.4</td><td>10.6</td><td>12.7</td><td>12.8</td><td>12.5</td><td>14.5</td><td>14.4</td><td>15.8</td><td>17.8</td><td>18.9</td><td>18.1</td></tr><tr><td>Belgian Congo</td><td>5.2</td><td>5.9</td><td>5.1</td><td>3.7</td><td>3.0</td><td>2.9</td><td>3.3</td><td>3.2</td><td>3.2</td><td>3.0</td><td>2.8</td></tr><tr><td>Egypt 1/</td><td>1.5</td><td>2.0</td><td>1.0</td><td>2.5</td><td>1.8</td><td>1.6</td><td>1.3</td><td>1.5</td><td>1.6</td><td>2.0</td><td>1.7</td></tr><tr><td>Union of South Africa</td><td>8.4</td><td>7.9</td><td>12.0</td><td>23.2</td><td>18.8</td><td>19.5</td><td>20.2</td><td>20.6</td><td>13.6</td><td>12.7</td><td>13.2</td></tr><tr><td>All other</td><td>17.0</td><td>16.7</td><td>18.9</td><td>26.9</td><td>26.6</td><td>26.3</td><td>24.8</td><td>25.0</td><td>18.0</td><td>16.6</td><td>18.4</td></tr><tr><td>Total other countries</td><td>43.5</td><td>43.0</td><td>43.7</td><td>69.2</td><td>60.6</td><td>64.8</td><td>64.0</td><td>65.9</td><td>54.2</td><td>52.4</td><td>54.7</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>1,548.5</td><td>1,945.7</td><td>2,199.4</td><td>2,542.0</td><td>2,427.3</td><td>2,441.1</td><td>2,384.2</td><td>2,356.3</td><td>2,391.6</td><td>2,390.1</td><td>2,467.5</td></tr></table>
Part of United Arab Republic (Egypt and Syria) since February 1958. Date on claims on Syria are not available separately, but are included in "Other Asia."
* Less than $50,000. p Preliminary.
68
Treasury Bulletin
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>1955</th><th>1956</th><th>1957</th><th>1958</th><th>May</th><th>June</th><th>July</th><th>August</th><th>September</th><th>October p</th><th>November</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>-2,903</td><td>768</td><td>-6</td><td>-1,018</td><td>6</td><td>-3</td><td>-37</td><td>36</td><td>85</td><td>2</td><td>28</td></tr><tr><td>Belgium</td><td>13,311</td><td>25,355</td><td>9,886</td><td>-4,795</td><td>733</td><td>1,997</td><td>1,075</td><td>574</td><td>1,276</td><td>-582</td><td>-633</td></tr><tr><td>Czechoslovakia</td><td>-28</td><td>118</td><td>1</td><td>-678</td><td>221</td><td>53</td><td>-603</td><td>3,880</td><td>5,585</td><td>8,368</td><td>1,469</td></tr><tr><td>Denmark</td><td>-98</td><td>-1,196</td><td>-702</td><td>-4,476</td><td></td><td></td><td>2</td><td>-2</td><td></td><td>250</td><td></td></tr><tr><td>Finland</td><td>1,923</td><td>-59</td><td>-37</td><td></td><td></td><td></td><td></td><td>10,637</td><td>2,130</td><td>1,434</td><td>13,090</td></tr><tr><td>France</td><td>-1,685</td><td>-120,635</td><td>9,543</td><td>5,235</td><td>-280</td><td>1,138</td><td>3,605</td><td>10,637</td><td>1,541</td><td>3,144</td><td>557</td></tr><tr><td>Germany, Federal Republic of</td><td>8,761</td><td>6,596</td><td>3,012</td><td>1,337</td><td>3,377</td><td>3,867</td><td>905</td><td>2,131</td><td>1,541</td><td>8</td><td>126</td></tr><tr><td>Greece</td><td>811</td><td>-512</td><td>61</td><td>-5,715</td><td>85</td><td>-3</td><td>-94</td><td>18</td><td>33</td><td></td><td></td></tr><tr><td>Italy</td><td>-6,894</td><td>422</td><td>672</td><td>1,872</td><td>1,155</td><td>385</td><td>-1,218</td><td>-556</td><td>107</td><td>-46</td><td>3,754</td></tr><tr><td>Netherlands</td><td>17,695</td><td>-42,427</td><td>39,416</td><td>-7,645</td><td>4,470</td><td>1,107</td><td>1,986</td><td>5,730</td><td>4,948</td><td>5,892</td><td>8,321</td></tr><tr><td>Norway</td><td>47,580</td><td>37,977</td><td>19,046</td><td>18,303</td><td>194</td><td>-62</td><td>408</td><td>3,423</td><td>645</td><td>2,099</td><td>3,356</td></tr><tr><td>Poland</td><td>39</td><td>6</td><td>37</td><td>-26</td><td></td><td></td><td></td><td>-1</td><td></td><td></td><td></td></tr><tr><td>Portugal</td><td>2,261</td><td>1,603</td><td>4,494</td><td>2,109</td><td>-7</td><td>773</td><td>-520</td><td>24</td><td>1,489</td><td>21</td><td>20</td></tr><tr><td>Romania</td><td>-361</td><td></td><td>-14</td><td></td><td></td><td></td><td></td><td></td><td></td><td>-17</td><td></td></tr><tr><td>Spain</td><td>663</td><td>1,001</td><td>-651</td><td>-2,249</td><td>9</td><td>-128</td><td>18</td><td>112</td><td>73</td><td>8</td><td>-791</td></tr><tr><td>Sweden</td><td>-1,004</td><td>-47</td><td>6,111</td><td>4,339</td><td>-113</td><td>134</td><td>90</td><td>10,414</td><td>26,643</td><td>32,916</td><td>165</td></tr><tr><td>Switzerland</td><td>147,487</td><td>233,939</td><td>98,302</td><td>-32,303</td><td>22,608</td><td>22,779</td><td>23,623</td><td>19,086</td><td>36,763</td><td>25,282</td><td>21,977</td></tr><tr><td>Turkey</td><td>346</td><td>-7</td><td>79</td><td>36</td><td>58</td><td>167</td><td>25</td><td>30</td><td>-2</td><td>11</td><td>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><td></td></tr><tr><td>United Kingdom</td><td>96,025</td><td>7,659</td><td>79,027</td><td>-12,228</td><td>14,957</td><td>7,059</td><td>9,759</td><td>55,096</td><td>-95</td><td>22,456</td><td>44,822</td></tr><tr><td>Yugoslavia</td><td>-186</td><td>120</td><td>-165</td><td>-26</td><td></td><td></td><td></td><td>-1</td><td></td><td></td><td></td></tr><tr><td>Other Europe</td><td>5,371</td><td>10,340</td><td>23,161</td><td>-3,624</td><td>390</td><td>1,054</td><td>928</td><td>-411</td><td>-940</td><td>411</td><td>5,725</td></tr><tr><td>Total Europe</td><td>329,117</td><td>161,019</td><td>291,273</td><td>-40,197</td><td>47,863</td><td>40,317</td><td>39,952</td><td>110,220</td><td>80,281</td><td>101,657</td><td>101,949</td></tr><tr><td>Canada</td><td>264,825</td><td>-123,507</td><td>-8,357</td><td>-202,213</td><td>-4,591</td><td>-1,542</td><td>1,672</td><td>102,998</td><td>-2,739</td><td>-17,148</td><td>4,557</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>930</td><td>3,066</td><td>1,255</td><td>281</td><td>242</td><td>934</td><td>-11</td><td>752</td><td>771</td><td>593</td><td>-510</td></tr><tr><td>Bolivia</td><td>108</td><td>492</td><td>-448</td><td>-333</td><td>-65</td><td>105</td><td>90</td><td>30</td><td>28</td><td>106</td><td>16</td></tr><tr><td>Brazil</td><td>1,110</td><td>1,832</td><td>869</td><td>-623</td><td>83</td><td>-712</td><td>644</td><td>270</td><td>832</td><td>523</td><td>63</td></tr><tr><td>Chile</td><td>3,782</td><td>2,260</td><td>963</td><td>-2,601</td><td>-174</td><td>-366</td><td>-50</td><td>138</td><td>120</td><td>-67</td><td>-396</td></tr><tr><td>Colombia</td><td>1,660</td><td>1,694</td><td>1,292</td><td>410</td><td>233</td><td>51</td><td>138</td><td>24</td><td>239</td><td>84</td><td>31</td></tr><tr><td>Cuba</td><td>53,677</td><td>9,087</td><td>-8,738</td><td>-68,517</td><td>-356</td><td>-259</td><td>-62</td><td>-269</td><td>-98</td><td>1,232</td><td>152</td></tr><tr><td> Dominican Republic</td><td>-53</td><td>778</td><td>-20</td><td>232</td><td>61</td><td>7</td><td>162</td><td>149</td><td></td><td>-102</td><td>27</td></tr><tr><td>Guatemala</td><td>-141</td><td>-29</td><td>408</td><td>1,656</td><td>11</td><td>63</td><td>18</td><td>-61</td><td>-22</td><td>15</td><td>10</td></tr><tr><td>Mexico</td><td>2,128</td><td>4,723</td><td>2,028</td><td>2,561</td><td>535</td><td>35</td><td>-805</td><td>-38</td><td>624</td><td>216</td><td>307</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>1,190</td><td>3,903</td><td>3,810</td><td>25,546</td><td>1,083</td><td>3,684</td><td>4,263</td><td>1,236</td><td>1,935</td><td>1,006</td><td>156</td></tr><tr><td>Panama, Republic of</td><td>3,016</td><td>-1,789</td><td>524</td><td>-726</td><td>388</td><td>-6,171</td><td>717</td><td>-12</td><td>-472</td><td>1,162</td><td>671</td></tr><tr><td>Peru</td><td>804</td><td>670</td><td>257</td><td>-879</td><td>-85</td><td>223</td><td>-748</td><td>203</td><td>67</td><td>572</td><td>124</td></tr><tr><td>El Salvador</td><td>-157</td><td>-57</td><td>124</td><td>-181</td><td>10</td><td>53</td><td>-35</td><td>50</td><td>41</td><td>29</td><td>-383</td></tr><tr><td>Uruguay</td><td>198</td><td>3,724</td><td>4,185</td><td>-2,533</td><td>1,153</td><td>2,598</td><td>-181</td><td>612</td><td>1,008</td><td>1,210</td><td>1,310</td></tr><tr><td>Venezuela</td><td>669</td><td>3,769</td><td>1,483</td><td>-1,210</td><td>1,000</td><td>186</td><td>816</td><td>1,218</td><td>1,629</td><td>1,682</td><td>-259</td></tr><tr><td>Other Latin America</td><td>7,445</td><td>-264</td><td>125</td><td>917</td><td>-156</td><td>-464</td><td>525</td><td>460</td><td>-55</td><td>167</td><td>704</td></tr><tr><td>Total Latin America</td><td>76,166</td><td>33,859</td><td>8,117</td><td>-46,000</td><td>3,953</td><td>-27</td><td>5,468</td><td>4,479</td><td>6,647</td><td>7,125</td><td>2,027</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>688</td><td>153</td><td>219</td><td>-403</td><td>-154</td><td>38</td><td>-70</td><td>46</td><td>45</td><td>16</td><td>-47</td></tr><tr><td>Hong Kong</td><td>5,200</td><td>5,524</td><td>-2,335</td><td>4,231</td><td>2,231</td><td>2,853</td><td>2,763</td><td>-944</td><td>-723</td><td>549</td><td>977</td></tr><tr><td>India</td><td>789</td><td>4,9</td><td>-453</td><td>-1,389</td><td>1,020</td><td>-2,559</td><td>2,855</td><td>5,388</td><td>-8,348</td><td>1,348</td><td>-512</td></tr><tr><td>Indonesia</td><td>15,140</td><td>-14,777</td><td>85</td><td>58</td><td>11</td><td>12</td><td>34</td><td>32</td><td>9</td><td>10</td><td>9</td></tr><tr><td>Iran</td><td>20</td><td>117</td><td>94</td><td>174</td><td>-18</td><td>45</td><td>17</td><td>10</td><td>47</td><td>16</td><td>13</td></tr><tr><td>Israel</td><td>-785</td><td>706</td><td>-181</td><td>91</td><td>442</td><td>29</td><td>27</td><td>18</td><td>511</td><td>-10</td><td>387</td></tr><tr><td>Japan</td><td>1,751</td><td>1,096</td><td>-1,694</td><td>-572</td><td>237</td><td>68</td><td>163</td><td>41</td><td>93</td><td>97</td><td>-59</td></tr><tr><td>Korea, Republic of</td><td>8</td><td>15</td><td>2</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>1</td><td>4</td><td>-2</td><td>8</td></tr><tr><td>Philippines</td><td>154</td><td>207</td><td>-756</td><td>-1,993</td><td>50</td><td>34</td><td>-11</td><td>1,683</td><td>-97</td><td>-1,427</td><td>8</td></tr><tr><td>Taiwan</td><td>945</td><td>-438</td><td>-439</td><td>-1,091</td><td>6</td><td>-4</td><td>7</td><td>3</td><td>10</td><td>-1,407</td><td>7</td></tr><tr><td>Thailand</td><td>254</td><td>154</td><td>545</td><td>58</td><td>-455</td><td>20</td><td>19</td><td>-3</td><td>24</td><td>-15</td><td>-22</td></tr><tr><td>Other Asia</td><td>4,857</td><td>6,068</td><td>9,577</td><td>3,542</td><td>1,054</td><td>371</td><td>3,485</td><td>4,479</td><td>661</td><td>2,224</td><td>606</td></tr><tr><td>Total Asia</td><td>29,121</td><td>-1,146</td><td>4,610</td><td>2,704</td><td>4,419</td><td>903</td><td>9,279</td><td>10,984</td><td>-6,318</td><td>1,429</td><td>1,315</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>349</td><td>191</td><td>-174</td><td>150</td><td>-69</td><td>-20</td><td>47</td><td>-1</td><td>-8</td><td>-36</td></tr><tr><td>Belgian Congo</td><td>32</td><td>2</td><td>60</td><td>-48</td><td>-33</td><td>44</td><td>47</td><td>-7</td><td>5</td><td>-12</td></tr><tr><td>Egypt N</td><td>128</td><td>-213</td><td>77</td><td>105</td><td>27</td><td>-7</td><td>24</td><td>-11</td><td>1</td><td>7</td></tr><tr><td>Union of South Africa</td><td>-21</td><td>287</td><td>441</td><td>129</td><td>11</td><td>59</td><td>37</td><td>-13</td><td>66</td><td>25</td><td>-11</td></tr><tr><td>All other</td><td>6,076</td><td>4,114</td><td>3,149</td><td>-786</td><td>-80</td><td>107</td><td>-81</td><td>38</td><td>393</td><td>-88</td><td>-526</td></tr><tr><td>Total other countries</td><td>6,564</td><td>4,381</td><td>3,553</td><td>-450</td><td>-144</td><td>183</td><td>27</td><td>17</td><td>452</td><td>-69</td><td>-638</td></tr><tr><td>International</td><td>-20,561</td><td>81,745</td><td>-157,420</td><td>283,453</td><td>1,322</td><td>1,615</td><td>6,415</td><td>50,009</td><td>31,689</td><td>27,716</td><td>17,553</td></tr><tr><td>Grand total</td><td>685,232</td><td>156,351</td><td>141,776</td><td>-2,703</td><td>52,822</td><td>41,449</td><td>62,813</td><td>278,707</td><td>110,012</td><td>120,710</td><td>126,783</td></tr></table>
Part of United Arab Republic (Egypt and Syria) since February 1958. Data on transactions by Syria are not available separately, but are included in "Other Asia."
p Preliminary.
January 1960
69
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>1955</th><th>1956</th><th>1957</th><th>1958</th><th>May</th><th>June</th><th>July</th><th>August</th><th>September</th><th>October p</th><th>November</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>-587</td><td>-584</td><td>2,402</td><td>-18,018</td><td>-3</td><td>-2</td><td>2,378</td><td>8</td><td>9</td><td>63</td><td>-296</td></tr><tr><td>Belgium</td><td>-6,985</td><td>5,955</td><td>602</td><td>21,299</td><td>2,058</td><td>439</td><td>-7</td><td>271</td><td>2,155</td><td>1,284</td><td>901</td></tr><tr><td>Czecho-Slovakia</td><td>-3</td><td>-13</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-7</td></tr><tr><td>Denmark</td><td>15,356</td><td>3,416</td><td>3,387</td><td>3,256</td><td>166</td><td>-25</td><td>-7</td><td>31</td><td>678</td><td>121</td><td>-</td></tr><tr><td>Finland</td><td>179</td><td>2,202</td><td>288</td><td>5,102</td><td>-6</td><td>-</td><td>1</td><td>-</td><td>817</td><td>-66</td><td>-</td></tr><tr><td>France</td><td>5,401</td><td>16,725</td><td>17,602</td><td>18,912</td><td>-9,616</td><td>-3,107</td><td>-3,810</td><td>-1,616</td><td>1,285</td><td>628</td><td>-4,769</td></tr><tr><td>Germany, Federal Republic of</td><td>4,562</td><td>19,000</td><td>203,837</td><td>99,082</td><td>-2,990</td><td>-731</td><td>158</td><td>-235</td><td>28,720</td><td>-684</td><td>-788</td></tr><tr><td>Greece</td><td>60</td><td>2,458</td><td>885</td><td>-912</td><td>13</td><td>-</td><td>12</td><td>-9</td><td>-550</td><td>1</td><td>-2</td></tr><tr><td>Italy</td><td>1,783</td><td>1,065</td><td>4,585</td><td>7,345</td><td>-29,693</td><td>472</td><td>-7,549</td><td>240</td><td>29</td><td>315</td><td>37</td></tr><tr><td>Netherlands</td><td>-24,275</td><td>-992</td><td>-8,641</td><td>-234,089</td><td>17,144</td><td>-3,556</td><td>-623</td><td>1,581</td><td>3,203</td><td>603</td><td>-6,485</td></tr><tr><td>Norway</td><td>-20,090</td><td>-1,631</td><td>9,065</td><td>-16,325</td><td>-224</td><td>16</td><td>125</td><td>80</td><td>186</td><td>120</td><td>-2,544</td></tr><tr><td>Poland</td><td>-294</td><td>3</td><td>358</td><td>7</td><td>28</td><td>27</td><td>67</td><td>62</td><td>62</td><td>90</td><td>-217</td></tr><tr><td>Portugal</td><td>284</td><td>447</td><td>-5</td><td>3,513</td><td>-72</td><td>-53</td><td>15</td><td>-3</td><td>-10</td><td>26</td><td>-31</td></tr><tr><td>Romania</td><td>-7</td><td>-</td><td>-66</td><td>-57</td><td>-78</td><td>-123</td><td>71</td><td>58</td><td>-11,719</td><td>-1,713</td><td>110</td></tr><tr><td>Spain</td><td>-285</td><td>390</td><td>519</td><td>691</td><td>78</td><td>-2,388</td><td>3,135</td><td>-217</td><td>5,897</td><td>1,515</td><td>-210</td></tr><tr><td>Sweden</td><td>-1,332</td><td>495</td><td>27,904</td><td>92,200</td><td>10,263</td><td>1</td><td>10</td><td>-15</td><td>11</td><td>31</td><td>3</td></tr><tr><td>Switzerland</td><td>14,233</td><td>19,594</td><td>17</td><td>-16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>-85</td><td>-</td><td>-</td><td>-</td><td>3,196</td><td>9,302</td><td>2,331</td><td>-1,043</td><td>8,655</td><td>12,608</td><td>1,203</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-59,218</td><td>3,909</td><td>-27,801</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>-35,225</td><td>-59,218</td><td>35</td><td>24</td><td>-2,811</td><td>4,980</td><td>208</td><td>-2,921</td><td>1,763</td><td>4,148</td><td>-184</td></tr><tr><td>Yugoslavia</td><td>-5</td><td>-250</td><td>-35,745</td><td>-26,268</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>1,642</td><td>-648</td><td>-35,745</td><td>-72,072</td><td>17,509</td><td>5,261</td><td>-3,503</td><td>-3,700</td><td>41,713</td><td>20,995</td><td>-13,277</td></tr><tr><td>Total Europe</td><td>-45,523</td><td>8,414</td><td>231,066</td><td>-543,274</td><td>-60,972</td><td>-211</td><td>-100,006</td><td>-997</td><td>-41,764</td><td>-17,433</td><td>-29,305</td></tr><tr><td>Canada</td><td>74,154</td><td>-447,162</td><td>-552,227</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></tr><tr><td>Argentina</td><td>-1,558</td><td>-144</td><td>-370</td><td>-442</td><td>37</td><td>-93</td><td>111</td><td>70</td><td>158</td><td>-29</td><td>-22</td></tr><tr><td>Bolivia</td><td>118</td><td>232</td><td>292</td><td>4,979</td><td>10</td><td>-14</td><td>-2</td><td>6</td><td>225</td><td>2,957</td><td>1,343</td></tr><tr><td>Brazil</td><td>5,763</td><td>6,262</td><td>8,697</td><td>4,979</td><td>159</td><td>214</td><td>4,28</td><td>234</td><td>792</td><td>210</td><td>101</td></tr><tr><td>Chile</td><td>3,621</td><td>-62</td><td>913</td><td>812</td><td>315</td><td>-48</td><td>-39</td><td>14</td><td>59</td><td>154</td><td>11</td></tr><tr><td>Colombia</td><td>1,058</td><td>1,961</td><td>3,339</td><td>2,421</td><td>142</td><td>171</td><td>170</td><td>415</td><td>-</td><td>-55</td><td>-41</td></tr><tr><td>Cuba</td><td>6,469</td><td>2,868</td><td>806</td><td>-152</td><td>-8</td><td>400</td><td>61</td><td>8</td><td>331</td><td>20</td><td>-58</td></tr><tr><td>Dominican Republic</td><td>523</td><td>42</td><td>-350</td><td>-80</td><td>4</td><td>7</td><td>1</td><td>77</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Guatemala</td><td>228</td><td>-68</td><td>-14</td><td>-60</td><td>2</td><td>-11</td><td>4</td><td>26</td><td>-</td><td>417</td><td>112</td></tr><tr><td>Mexico</td><td>9,074</td><td>8,067</td><td>13,488</td><td>17,060</td><td>198</td><td>397</td><td>-321</td><td>313</td><td>-1,096</td><td>-</td><td>-</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>237</td><td>3,356</td><td>176</td><td>1,547</td><td>238</td><td>362</td><td>-1,004</td><td>356</td><td>262</td><td>723</td><td>1,528</td></tr><tr><td>Panama, Republic of</td><td>-1,186</td><td>2,875</td><td>106</td><td>-13,669</td><td>191</td><td>-158</td><td>-147</td><td>-944</td><td>-98</td><td>-186</td><td>216</td></tr><tr><td>Peru</td><td>-396</td><td>-974</td><td>-2,310</td><td>-243</td><td>10</td><td>2</td><td>630</td><td>-53</td><td>-12</td><td>-362</td><td>-101</td></tr><tr><td>El Salvador</td><td>1,87</td><td>-9</td><td>-72</td><td>-703</td><td>-33</td><td>123</td><td>-</td><td>7</td><td>-499</td><td>12</td><td>44</td></tr><tr><td>Uruguay</td><td>1,798</td><td>580</td><td>-1,642</td><td>3,532</td><td>309</td><td>-425</td><td>480</td><td>141</td><td>-40</td><td>-97</td><td>-80</td></tr><tr><td>Venezuela</td><td>-1,871</td><td>-2,055</td><td>-8,045</td><td>253</td><td>538</td><td>533</td><td>173</td><td>-561</td><td>132</td><td>103</td><td>260</td></tr><tr><td>Other Latin America</td><td>-861</td><td>-5,554</td><td>95</td><td>-10,266</td><td>660</td><td>1,171</td><td>342</td><td>120</td><td>616</td><td>-502</td><td>99</td></tr><tr><td>Total Latin America</td><td>23,506</td><td>17,184</td><td>15,109</td><td>4,858</td><td>2,802</td><td>2,660</td><td>894</td><td>222</td><td>1,131</td><td>3,366</td><td>4,251</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>56</td><td>70</td><td>-103</td><td>8</td><td>3</td><td>962</td><td>3,378</td><td>309</td><td>-24</td><td>-21</td><td>55</td></tr><tr><td>Hong Kong</td><td>5,125</td><td>3,205</td><td>14,490</td><td>28,318</td><td>697</td><td>-21</td><td>-3</td><td>-</td><td>1,252</td><td>549</td><td>3,073</td></tr><tr><td>India</td><td>436</td><td>-331</td><td>-72</td><td>-50</td><td>8</td><td>6</td><td>-12</td><td>-</td><td>14</td><td>6</td><td>137</td></tr><tr><td>Indonesia</td><td>184</td><td>143</td><td>72</td><td>-42</td><td>-11</td><td>6</td><td>-12</td><td>4</td><td>12</td><td>8</td><td>-3</td></tr><tr><td>Iran</td><td>129</td><td>19</td><td>-5</td><td>1,015</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>-41,736</td><td>-53,088</td><td>-50,564</td><td>-46,677</td><td>-2,805</td><td>-4,299</td><td>-4,184</td><td>-1,533</td><td>-885</td><td>-3,086</td><td>-6,575</td></tr><tr><td>Japan</td><td>601</td><td>-54</td><td>677</td><td>598</td><td>57</td><td>324</td><td>33</td><td>2</td><td>64</td><td>4</td><td>63</td></tr><tr><td>Korea, Republic of</td><td>-1,349</td><td>245</td><td>10</td><td>-693</td><td>1</td><td>3</td><td>18</td><td>2</td><td>24</td><td>1,327</td><td>70</td></tr><tr><td>Philippines</td><td>358</td><td>150</td><td>-25</td><td>-52</td><td>-</td><td>-</td><td>-395</td><td>-</td><td>24</td><td>-</td><td>-</td></tr><tr><td>Taiwan</td><td>-457</td><td>1,308</td><td>-525</td><td>-185</td><td>-15</td><td>6</td><td>-</td><td>-</td><td>-250</td><td>3</td><td>-</td></tr><tr><td>Thailand</td><td>-11,272</td><td>8,071</td><td>-9,874</td><td>-27,167</td><td>-2,292</td><td>-3,926</td><td>-2,516</td><td>-955</td><td>2,794</td><td>288</td><td>-2,774</td></tr><tr><td>Other Asia</td><td>-48,725</td><td>-39,962</td><td>-45,188</td><td>-44,843</td><td>-4,357</td><td>-6,999</td><td>-3,638</td><td>-2,171</td><td>3,250</td><td>-922</td><td>-5,954</td></tr><tr><td>Total 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>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>14,850</td><td>-23,709</td><td>6,051</td><td>-44,434</td><td>-61</td><td>363</td><td>221</td><td>303</td><td>-22,330</td><td>311</td><td>80</td></tr><tr><td>Belgian Congo</td><td>6</td><td>8</td><td>283</td><td>-16,099</td><td>-1</td><td>-</td><td>-</td><td>-8</td><td>1</td><td>1</td><td>2</td></tr><tr><td>Egypt 1/2</td><td>-19</td><td>-1</td><td>-308</td><td>-</td><td>-</td><td>-</td><td>9</td><td>-</td><td>-370</td><td>-</td><td>2</td></tr><tr><td>Union of South Africa</td><td>-21,796</td><td>469</td><td>5,633</td><td>-66,917</td><td>1,962</td><td>1,258</td><td>509</td><td>515</td><td>541</td><td>-89</td><td>208</td></tr><tr><td>All other</td><td>-943</td><td>6,805</td><td>1,221</td><td>-22,175</td><td>-92</td><td>-22</td><td>-1,787</td><td>53</td><td>724</td><td>-32</td><td>38</td></tr><tr><td>Total other countries</td><td>-7,302</td><td>-16,428</td><td>12,880</td><td>-149,625</td><td>1,808</td><td>1,599</td><td>-1,048</td><td>863</td><td>-21,434</td><td>190</td><td>329</td></tr><tr><td>International</td><td>-26,534</td><td>-33,130</td><td>-383,783</td><td>-557,576</td><td>-50,185</td><td>-8,416</td><td>-45</td><td>-175</td><td>-34,243</td><td>-6,908</td><td>-5,647</td></tr><tr><td>Grand total</td><td>-30,424</td><td>-511,084</td><td>-722,143</td><td>-1,362,532</td><td>-99,135</td><td>-6,046</td><td>-107,346</td><td>-5,958</td><td>-51,347</td><td>-772</td><td>-49,603</td></tr></table>
Part of United Arab Republic (Egypt and Syria) since February 1958. Data on transactions by Syria are not available separately, but are included in "Other Asia."
p Preliminary.
70
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of November 30, 1959
(Position in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th colspan="5">To foreign banks and official institutions</th><th colspan="4">To all other foreigners</th><th rowspan="2">Short-term liabilities payable in foreign currencies</th></tr><tr><th>Total short-term liabilities</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>8</td></tr><tr><td>Austria</td><td>363,622</td><td>361,921</td><td>262,111</td><td>88,590</td><td>11,220</td><td>1,693</td><td>1,623</td><td>70</td><td>70</td><td>220</td></tr><tr><td>Belgium</td><td>132,269</td><td>85,670</td><td>47,810</td><td>11,905</td><td>25,955</td><td>46,379</td><td>39,616</td><td>711</td><td>6,052</td><td>92</td></tr><tr><td>Czechoslovakia</td><td>630</td><td>367</td><td>317</td><td>11,905</td><td>20</td><td>263</td><td>263</td><td>0</td><td>0</td><td>1</td></tr><tr><td>Denmark</td><td>122,338</td><td>113,145</td><td>29,158</td><td>81,760</td><td>2,227</td><td>9,099</td><td>7,023</td><td>1,292</td><td>764</td><td>1</td></tr><tr><td>Finland</td><td>81,080</td><td>79,850</td><td>10,367</td><td>64,888</td><td>4,595</td><td>1,229</td><td>1,229</td><td>0</td><td>0</td><td>1</td></tr><tr><td>France</td><td>903,465</td><td>847,699</td><td>242,737</td><td>567,257</td><td>37,705</td><td>55,451</td><td>48,628</td><td>3,779</td><td>3,044</td><td>315</td></tr><tr><td>Germany, Federal Republic of</td><td>1,680,129</td><td>1,654,738</td><td>245,274</td><td>1,200,500</td><td>208,964</td><td>22,275</td><td>16,502</td><td>4,755</td><td>1,018</td><td>3,116</td></tr><tr><td>Greece</td><td>131,501</td><td>178,018</td><td>20,447</td><td>157,500</td><td>71</td><td>13,485</td><td>12,468</td><td>1,015</td><td>0</td><td>0</td></tr><tr><td>Italy</td><td>1,523,020</td><td>1,490,525</td><td>122,085</td><td>1,217,515</td><td>150,925</td><td>32,221</td><td>25,313</td><td>6,114</td><td>764</td><td>274</td></tr><tr><td>Netherlands</td><td>428,028</td><td>400,439</td><td>117,582</td><td>217,919</td><td>64,998</td><td>26,147</td><td>18,592</td><td>4,004</td><td>3,551</td><td>1,442</td></tr><tr><td>Norway</td><td>97,903</td><td>56,735</td><td>46,398</td><td>8,969</td><td>1,368</td><td>41,012</td><td>38,981</td><td>1,555</td><td>476</td><td>156</td></tr><tr><td>Poland</td><td>4,247</td><td>3,867</td><td>3,478</td><td>0</td><td>389</td><td>380</td><td>380</td><td>0</td><td>0</td><td>2</td></tr><tr><td>Portugal</td><td>137,833</td><td>92,296</td><td>85,634</td><td>0</td><td>6,662</td><td>45,535</td><td>44,000</td><td>50</td><td>1,485</td><td>2</td></tr><tr><td>Romania</td><td>818</td><td>388</td><td>388</td><td>0</td><td>0</td><td>430</td><td>430</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Spain</td><td>78,753</td><td>60,744</td><td>60,218</td><td>0</td><td>526</td><td>17,697</td><td>17,509</td><td>15</td><td>173</td><td>312</td></tr><tr><td>Sweden</td><td>223,486</td><td>233,969</td><td>70,239</td><td>117,135</td><td>46,595</td><td>9,386</td><td>9,037</td><td>120</td><td>229</td><td>131</td></tr><tr><td>Switzerland</td><td>902,423</td><td>737,714</td><td>241,430</td><td>174,458</td><td>321,826</td><td>160,164</td><td>80,476</td><td>22,326</td><td>57,362</td><td>4,545</td></tr><tr><td>Turkey</td><td>33,725</td><td>31,612</td><td>31,608</td><td>0</td><td>4</td><td>2,113</td><td>2,030</td><td>23</td><td>0</td><td>0</td></tr><tr><td>U.S.S.R.</td><td>3,587</td><td>3,237</td><td>3,218</td><td>0</td><td>19</td><td>350</td><td>350</td><td>0</td><td>0</td><td>0</td></tr><tr><td>United Kingdom</td><td>956,978</td><td>618,785</td><td>344,931</td><td>218,994</td><td>54,860</td><td>301,358</td><td>116,867</td><td>112,000</td><td>72,431</td><td>36,835</td></tr><tr><td>Yugoslavia</td><td>5,283</td><td>4,799</td><td>4,771</td><td>0</td><td>22</td><td>490</td><td>490</td><td>0</td><td>0</td><td>15</td></tr><tr><td>Other Europe</td><td>568,903</td><td>548,487</td><td>57,562</td><td>388,823</td><td>102,102</td><td>20,401</td><td>11,685</td><td>4,382</td><td>4,334</td><td>0</td></tr><tr><td>Total Europe</td><td>8,460,021</td><td>7,604,999</td><td>2,047,793</td><td>4,516,213</td><td>1,040,939</td><td>807,556</td><td>499,572</td><td>162,171</td><td>151,813</td><td>47,466</td></tr><tr><td>Canada</td><td>2,327,569</td><td>1,977,808</td><td>1,461,623</td><td>488,880</td><td>27,305</td><td>336,998</td><td>206,364</td><td>88,931</td><td>41,703</td><td>12,763</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>309,525</td><td>235,585</td><td>234,598</td><td>16</td><td>971</td><td>73,929</td><td>72,621</td><td>287</td><td>1,021</td><td>11</td></tr><tr><td>Bolivia</td><td>22,154</td><td>6,880</td><td>6,1875</td><td>0</td><td>5</td><td>13,574</td><td>15,156</td><td>123</td><td>295</td><td>17</td></tr><tr><td>Brazil</td><td>140,009</td><td>34,921</td><td>29,465</td><td>75</td><td>5,381</td><td>105,071</td><td>95,249</td><td>2,345</td><td>7,477</td><td>1</td></tr><tr><td>Chile</td><td>139,436</td><td>89,736</td><td>89,332</td><td>0</td><td>344</td><td>49,699</td><td>49,336</td><td>157</td><td>206</td><td>1</td></tr><tr><td>Colombia</td><td>214,788</td><td>134,586</td><td>130,875</td><td>220</td><td>3,491</td><td>80,197</td><td>79,053</td><td>25</td><td>1,119</td><td>5</td></tr><tr><td>Cuba</td><td>167,540</td><td>65,462</td><td>54,107</td><td>9,255</td><td>2,100</td><td>101,971</td><td>93,842</td><td>1,297</td><td>6,830</td><td>107</td></tr><tr><td>Dominican Republic</td><td>40,814</td><td>7,444</td><td>7,024</td><td>0</td><td>420</td><td>33,370</td><td>33,039</td><td>1</td><td>330</td><td>0</td></tr><tr><td>Guatemala</td><td>35,753</td><td>19,177</td><td>8,467</td><td>3,800</td><td>6,910</td><td>16,576</td><td>16,185</td><td>200</td><td>191</td><td>0</td></tr><tr><td>Mexico</td><td>419,808</td><td>280,455</td><td>268,787</td><td>10,600</td><td>1,068</td><td>138,961</td><td>125,208</td><td>12,043</td><td>1,710</td><td>392</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>85,164</td><td>41,218</td><td>12,464</td><td>19,166</td><td>9,588</td><td>43,946</td><td>13,068</td><td>8,986</td><td>21,972</td><td>0</td></tr><tr><td>Panama, Republic of</td><td>142,508</td><td>24,399</td><td>23,692</td><td>20</td><td>681</td><td>118,115</td><td>84,848</td><td>5,364</td><td>27,903</td><td>3</td></tr><tr><td>Peru</td><td>88,304</td><td>42,674</td><td>42,594</td><td>0</td><td>80</td><td>45,629</td><td>42,599</td><td>704</td><td>0</td><td>0</td></tr><tr><td>El Salvador</td><td>26,152</td><td>10,709</td><td>7,368</td><td>1,000</td><td>2,341</td><td>15,813</td><td>15,562</td><td>0</td><td>1,151</td><td>0</td></tr><tr><td>Uruguay</td><td>67,802</td><td>27,639</td><td>26,228</td><td>5</td><td>1,466</td><td>40,103</td><td>28,375</td><td>3,797</td><td>7,931</td><td>0</td></tr><tr><td>Venezuela</td><td>251,033</td><td>97,229</td><td>96,335</td><td>60</td><td>824</td><td>153,407</td><td>148,730</td><td>2,349</td><td>2,328</td><td>407</td></tr><tr><td>Other Latin America</td><td>148,128</td><td>78,116</td><td>60,219</td><td>11,363</td><td>6,534</td><td>68,816</td><td>67,266</td><td>230</td><td>1,320</td><td>1,196</td></tr><tr><td>Total Latin America</td><td>2,299,588</td><td>1,196,274</td><td>1,098,490</td><td>55,580</td><td>42,204</td><td>1,101,175</td><td>980,579</td><td>38,148</td><td>82,448</td><td>2,139</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>35,520</td><td>29,310</td><td>29,113</td><td>0</td><td>197</td><td>6,210</td><td>6,210</td><td>0</td><td>0</td><td>10</td></tr><tr><td>Hong Kong</td><td>60,642</td><td>33,572</td><td>27,434</td><td>0</td><td>6,138</td><td>27,060</td><td>26,572</td><td>60</td><td>428</td><td>0</td></tr><tr><td>India</td><td>115,349</td><td>101,667</td><td>35,975</td><td>63,790</td><td>1,902</td><td>13,083</td><td>13,077</td><td>0</td><td>6</td><td>599</td></tr><tr><td>Indonesia</td><td>125,844</td><td>124,097</td><td>69,806</td><td>53,530</td><td>761</td><td>1,747</td><td>1,747</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Iran</td><td>23,826</td><td>20,120</td><td>10,120</td><td>900</td><td>9,100</td><td>3,706</td><td>3,706</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Israel</td><td>81,157</td><td>77,526</td><td>2,041</td><td>39,434</td><td>15,051</td><td>3,631</td><td>3,631</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Japan</td><td>1,214,686</td><td>1,200,851</td><td>622,238</td><td>525,235</td><td>53,378</td><td>13,835</td><td>13,602</td><td>180</td><td>53</td><td>0</td></tr><tr><td>Korea, Republic of</td><td>148,186</td><td>145,566</td><td>114,013</td><td>31,000</td><td>553</td><td>2,620</td><td>2,620</td><td>0</td><td>0</td><td>119</td></tr><tr><td>Philippines</td><td>179,124</td><td>158,774</td><td>131,585</td><td>20,000</td><td>7,039</td><td>20,231</td><td>20,041</td><td>145</td><td>45</td><td>0</td></tr><tr><td>Taiwan</td><td>92,283</td><td>85,000</td><td>81,175</td><td>0</td><td>3,785</td><td>7,283</td><td>6,913</td><td>370</td><td>0</td><td>0</td></tr><tr><td>Thailand</td><td>133,105</td><td>130,238</td><td>29,408</td><td>94,852</td><td>5,978</td><td>2,867</td><td>2,812</td><td>55</td><td>616</td><td>275</td></tr><tr><td>Other Asia</td><td>447,852</td><td>413,774</td><td>226,739</td><td>153,839</td><td>33,196</td><td>33,803</td><td>33,125</td><td>62</td><td>0</td><td>0</td></tr><tr><td>Total Asia</td><td>2,657,574</td><td>2,520,495</td><td>1,400,647</td><td>982,620</td><td>137,228</td><td>136,076</td><td>134,056</td><td>872</td><td>1,148</td><td>1,003</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>113,959</td><td>109,654</td><td>34,236</td><td>69,100</td><td>6,318</td><td>4,091</td><td>2,993</td><td>75</td><td>1,023</td><td>214</td></tr><tr><td>Belgian Congo</td><td>25,769</td><td>24,845</td><td>13,185</td><td>1,870</td><td>9,790</td><td>924</td><td>895</td><td>0</td><td>29</td><td>25</td></tr><tr><td>Egypt I.</td><td>17,987</td><td>16,741</td><td>15,487</td><td>1,200</td><td>54</td><td>1,221</td><td>1,121</td><td>0</td><td>100</td><td>0</td></tr><tr><td>Union of South Africa</td><td>50,848</td><td>46,248</td><td>31,646</td><td>11,605</td><td>3,017</td><td>36,389</td><td>34,399</td><td>0</td><td>2,801</td><td>1,412</td></tr><tr><td>All other</td><td>160,915</td><td>122,515</td><td>94,368</td><td>12,839</td><td>15,308</td><td>36,388</td><td>33,569</td><td>618</td><td>0</td><td>0</td></tr><tr><td>Total other countries</td><td>369,478</td><td>320,023</td><td>188,922</td><td>96,614</td><td>34,487</td><td>47,423</td><td>42,777</td><td>693</td><td>3,953</td><td>2,032</td></tr><tr><td>International</td><td>3,159,804</td><td>3,159,752</td><td>133,465</td><td>3,015,537</td><td>10,750</td><td>52</td><td>7</td><td>45</td><td>0</td><td>0</td></tr><tr><td>Grand total</td><td>19,274,034</td><td>16,779,351</td><td>6,330,940</td><td>9,155,444</td><td>1,292,967</td><td>2,429,280</td><td>1,857,355</td><td>290,860</td><td>281,065</td><td>65,403</td></tr></table>
Part of United Arab Republic (Egypt and Syria) since February 1958. Data on liabilities to Syria are reported annually and appear in Section IV, table 5.
January 1960
7
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of November 30, 1959
(Position in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term claims</th><th>Total</th><th colspan="2">Loans to:</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of reporting banks and domestic customers with foreigners</th><th>Other</th></tr><tr><th></th><th></th><th></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>4,707</td><td>4,631</td><td>595</td><td>4,23</td><td>1,544</td><td>2,069</td><td>76</td><td>76</td><td>-</td></tr><tr><td>Belgium</td><td>51,270</td><td>50,197</td><td>35,936</td><td>4,785</td><td>9,127</td><td>359</td><td>1,073</td><td>1,070</td><td>3</td></tr><tr><td>Czechoslovakia</td><td>973</td><td>901</td><td>845</td><td>-</td><td>56</td><td>-</td><td>72</td><td>-</td><td>72</td></tr><tr><td>Denmark</td><td>14,114</td><td>13,631</td><td>123</td><td>2,285</td><td>2,907</td><td>8,316</td><td>483</td><td>483</td><td>-</td></tr><tr><td>Filand</td><td>8,313</td><td>8,301</td><td>626</td><td>5</td><td>1,136</td><td>6,534</td><td>12</td><td>2</td><td>10</td></tr><tr><td>France</td><td>59,949</td><td>58,515</td><td>3,356</td><td>3,058</td><td>8,648</td><td>43,453</td><td>1,434</td><td>1,132</td><td>302</td></tr><tr><td>Germany, Federal Republic of</td><td>47,739</td><td>40,479</td><td>13,508</td><td>975</td><td>20,513</td><td>5,483</td><td>7,240</td><td>6,370</td><td>870</td></tr><tr><td>Greece</td><td>6,606</td><td>6,585</td><td>3,007</td><td>54</td><td>3,512</td><td>12</td><td>21</td><td>18</td><td>3</td></tr><tr><td>Italy</td><td>28,753</td><td>27,421</td><td>5,793</td><td>5,286</td><td>10,057</td><td>6,288</td><td>929</td><td>804</td><td>125</td></tr><tr><td>Netherlands</td><td>24,638</td><td>21,258</td><td>2,170</td><td>2,843</td><td>11,710</td><td>4,555</td><td>3,380</td><td>3,301</td><td>79</td></tr><tr><td>Norway</td><td>9,225</td><td>8,642</td><td>2,344</td><td>744</td><td>4,152</td><td>1,402</td><td>583</td><td>502</td><td>81</td></tr><tr><td>Poland</td><td>5,148</td><td>5,481</td><td>416</td><td>121</td><td>3,196</td><td>1,751</td><td>4</td><td>4</td><td>1</td></tr><tr><td>Portugal</td><td>1,968</td><td>1,872</td><td>358</td><td>77</td><td>1,401</td><td>36</td><td>76</td><td>75</td><td>1</td></tr><tr><td>Romania</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>6</td><td>-</td></tr><tr><td>Spain</td><td>7,661</td><td>7,372</td><td>1,602</td><td>1,126</td><td>739</td><td>3,905</td><td>289</td><td>285</td><td>4</td></tr><tr><td>Sweden</td><td>15,995</td><td>14,730</td><td>308</td><td>6,913</td><td>6,001</td><td>1,508</td><td>1,205</td><td>1,202</td><td>3</td></tr><tr><td>Switzerland</td><td>37,284</td><td>29,238</td><td>13,793</td><td>9,868</td><td>3,813</td><td>1,764</td><td>8,046</td><td>7,988</td><td>58</td></tr><tr><td>Turkey</td><td>62,225</td><td>62,220</td><td>59,113</td><td>5</td><td>3,102</td><td>-</td><td>5</td><td>5</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></tr><tr><td>United Kingdom</td><td>173,765</td><td>148,902</td><td>27,129</td><td>3,133</td><td>17,887</td><td>755</td><td>124,861</td><td>102,465</td><td>22,396</td></tr><tr><td>Yugoslavia</td><td>1,535</td><td>1,462</td><td>877</td><td>-</td><td>159</td><td>426</td><td>73</td><td>73</td><td>-</td></tr><tr><td>Other Europe</td><td>10,796</td><td>10,567</td><td>6,576</td><td>1,934</td><td>2,034</td><td>23</td><td>229</td><td>175</td><td>54</td></tr><tr><td>Total Europe</td><td>572,510</td><td>422,413</td><td>178,475</td><td>43,695</td><td>111,684</td><td>88,619</td><td>150,097</td><td>126,036</td><td>24,061</td></tr><tr><td>Canada</td><td>282,381</td><td>239,254</td><td>12,629</td><td>208,472</td><td>6,462</td><td>11,691</td><td>43,127</td><td>40,203</td><td>2,924</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>51,812</td><td>51,729</td><td>19,200</td><td>4,425</td><td>17,374</td><td>10,730</td><td>83</td><td>81</td><td>2</td></tr><tr><td>Bolivia</td><td>3,099</td><td>3,093</td><td>32</td><td>121</td><td>2,920</td><td>-</td><td>258</td><td>19</td><td>239</td></tr><tr><td>Brazil</td><td>113,434</td><td>113,276</td><td>52,310</td><td>24,155</td><td>17,628</td><td>19,083</td><td>55</td><td>19</td><td>6</td></tr><tr><td>Chile</td><td>47,003</td><td>46,997</td><td>10,560</td><td>11,848</td><td>11,173</td><td>13,416</td><td>6</td><td>60</td><td>7</td></tr><tr><td>Colombia</td><td>58,099</td><td>58,032</td><td>6,502</td><td>5,437</td><td>24,723</td><td>21,368</td><td>67</td><td>87</td><td>47</td></tr><tr><td>Cuba</td><td>100,859</td><td>100,725</td><td>55,672</td><td>5,703</td><td>24,103</td><td>15,247</td><td>134</td><td>87</td><td>3</td></tr><tr><td>Democratic Republic</td><td>30,569</td><td>30,566</td><td>6,243</td><td>6,203</td><td>4,191</td><td>13,929</td><td>3</td><td>-</td><td>24</td></tr><tr><td>Guatemala</td><td>9,979</td><td>9,955</td><td>55</td><td>1,969</td><td>5,869</td><td>2,062</td><td>22</td><td>1,960</td><td>291</td></tr><tr><td>Mexico</td><td>274,877</td><td>272,626</td><td>119,319</td><td>58,023</td><td>27,663</td><td>67,572</td><td>2,251</td><td>-</td><td>5</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>3,816</td><td>3,811</td><td>1,140</td><td>755</td><td>1,912</td><td>4</td><td>5</td><td>1</td><td>5</td></tr><tr><td>Panama, Republic of</td><td>16,689</td><td>16,683</td><td>318</td><td>9,745</td><td>3,701</td><td>2,919</td><td>6</td><td>17</td><td>1</td></tr><tr><td>Peru</td><td>33,770</td><td>33,752</td><td>1,497</td><td>4,077</td><td>16,755</td><td>11,423</td><td>18</td><td>17</td><td>1</td></tr><tr><td>El Salvador</td><td>15,805</td><td>15,305</td><td>7,186</td><td>1,057</td><td>3,532</td><td>4,030</td><td>-</td><td>4</td><td>3</td></tr><tr><td>Uruguay</td><td>24,742</td><td>44,735</td><td>22,492</td><td>3,100</td><td>1,797</td><td>17,346</td><td>7</td><td>4</td><td>3</td></tr><tr><td>Venezuela</td><td>173,252</td><td>171,225</td><td>35,699</td><td>41,923</td><td>50,325</td><td>43,278</td><td>2,027</td><td>913</td><td>1,114</td></tr><tr><td>Other Latin America</td><td>52,617</td><td>52,541</td><td>5,995</td><td>10,610</td><td>26,639</td><td>9,377</td><td>76</td><td>62</td><td>14</td></tr><tr><td>Total Latin America</td><td>1,030,416</td><td>1,025,451</td><td>344,212</td><td>189,191</td><td>240,305</td><td>251,713</td><td>4,965</td><td>3,204</td><td>1,761</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2,475</td><td>2,475</td><td>2,475</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>3,973</td><td>9,876</td><td>6,153</td><td>1,996</td><td>1,707</td><td>20</td><td>97</td><td>26</td><td>71</td></tr><tr><td>India</td><td>5,939</td><td>5,760</td><td>1,113</td><td>118</td><td>2,854</td><td>1,655</td><td>199</td><td>196</td><td>3</td></tr><tr><td>Indonesia</td><td>252</td><td>248</td><td>4</td><td>-</td><td>244</td><td>-</td><td>4</td><td>-</td><td>4</td></tr><tr><td>Iran</td><td>28,987</td><td>28,982</td><td>870</td><td>56</td><td>27,926</td><td>130</td><td>5</td><td>-</td><td>5</td></tr><tr><td>Israel</td><td>8,825</td><td>8,825</td><td>810</td><td>668</td><td>1,642</td><td>5,705</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>275,351</td><td>275,333</td><td>84,435</td><td>764</td><td>31,837</td><td>158,237</td><td>21</td><td>21</td><td>-</td></tr><tr><td>Korea, Republic of</td><td>1,161</td><td>1,161</td><td>142</td><td>-</td><td>1,019</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>20,002</td><td>19,996</td><td>17,237</td><td>81</td><td>2,061</td><td>637</td><td>6</td><td>2</td><td>4</td></tr><tr><td>Taiwan</td><td>7,824</td><td>7,822</td><td>5,502</td><td>8</td><td>424</td><td>1,891</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>14,072</td><td>14,072</td><td>8,766</td><td>211</td><td>2,174</td><td>2,911</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>153,108</td><td>152,935</td><td>137,485</td><td>1,540</td><td>13,284</td><td>626</td><td>173</td><td>104</td><td>69</td></tr><tr><td>Total Asia</td><td>527,972</td><td>527,467</td><td>265,012</td><td>5,442</td><td>85,172</td><td>171,842</td><td>505</td><td>349</td><td>156</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>18,086</td><td>16,616</td><td>845</td><td>18</td><td>7,894</td><td>7,859</td><td>1,470</td><td>610</td><td>860</td></tr><tr><td>Belgian Congo</td><td>2,805</td><td>2,745</td><td>9</td><td>22</td><td>2,686</td><td>28</td><td>60</td><td>10</td><td>50</td></tr><tr><td>Egypt</td><td>1,738</td><td>1,708</td><td>753</td><td>479</td><td>357</td><td>119</td><td>30</td><td>30</td><td>-</td></tr><tr><td>Union of South Africa</td><td>13,250</td><td>13,082</td><td>14</td><td>3,159</td><td>9,415</td><td>494</td><td>148</td><td>144</td><td>4</td></tr><tr><td>All other</td><td>18,358</td><td>17,675</td><td>2,726</td><td>2,771</td><td>11,509</td><td>666</td><td>683</td><td>116</td><td>567</td></tr><tr><td>Total other countries</td><td>54,217</td><td>51,826</td><td>4,347</td><td>6,452</td><td>31,861</td><td>9,166</td><td>2,391</td><td>910</td><td>1,481</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>2,167,496</td><td>2,266,411</td><td>804,674</td><td>453,132</td><td>475,484</td><td>533,061</td><td>201,085</td><td>170,702</td><td>30,383</td></tr></table>
Part of United Arab Republic (Egypt and Syria) since February 1958. Data on claims on Syria are not available separately, but are included in "Other Asia."
72
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During November 1959
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="4">Purchases by foreigners</th><th colspan="4">Sales by foreigners</th></tr><tr><th></th><th>Total purchases</th><th>U.S. Government bonds and notes</th><th colspan="2">Corporate and other</th><th colspan="2">Foreign securities</th><th>Total sales</th><th>U.S. Government bonds and notes</th><th colspan="2">Corporate and other</th><th colspan="2">Foreign securities</th></tr><tr><th></th><th></th><th></th><th>Bonde</th><th>Stocks</th><th>Bonde</th><th>Stocks</th><th></th><th></th><th>Bonde</th><th>Stocks</th><th>Bonde</th><th>Stocks</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>59</td><td>-</td><td>10</td><td>39</td><td>10</td><td>-</td><td>325</td><td>-</td><td>21</td><td>304</td><td>-</td><td>169</td></tr><tr><td>Belgium</td><td>3,710</td><td>-</td><td>73</td><td>2,407</td><td>1,082</td><td>148</td><td>3,442</td><td>402</td><td>473</td><td>2,238</td><td>160</td><td>169</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>1,724</td><td>1,500</td><td>-</td><td>156</td><td>34</td><td>34</td><td>262</td><td>50</td><td>-</td><td>137</td><td>62</td><td>13</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>23,445</td><td>2,417</td><td>462</td><td>18,611</td><td>173</td><td>1,782</td><td>15,124</td><td>90</td><td>692</td><td>7,618</td><td>2,773</td><td>3,951</td></tr><tr><td>Germany, Federal Republic of</td><td>2,752</td><td>-</td><td>55</td><td>1,426</td><td>690</td><td>581</td><td>2,983</td><td>14</td><td>29</td><td>881</td><td>202</td><td>1,857</td></tr><tr><td>Greece</td><td>189</td><td>-</td><td>31</td><td>156</td><td>4</td><td>4</td><td>67</td><td>1</td><td>-</td><td>60</td><td>-</td><td>6</td></tr><tr><td>Italy</td><td>5,075</td><td>30</td><td>90</td><td>4,732</td><td>81</td><td>142</td><td>1,284</td><td>1</td><td>35</td><td>1,062</td><td>111</td><td>75</td></tr><tr><td>Netherlands</td><td>23,671</td><td>1,348</td><td>8,092</td><td>8,635</td><td>1,684</td><td>3,912</td><td>21,835</td><td>1,023</td><td>1,711</td><td>7,020</td><td>577</td><td>11,504</td></tr><tr><td>Norway</td><td>4,627</td><td>3,503</td><td>179</td><td>747</td><td>170</td><td>28</td><td>3,815</td><td>533</td><td>41</td><td>499</td><td>2,486</td><td>256</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>150</td><td>-</td><td>-</td><td>79</td><td>64</td><td>7</td><td>347</td><td>1</td><td>-</td><td>58</td><td>22</td><td>266</td></tr><tr><td>Rumania</td><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>148</td><td>3</td><td>28</td><td>114</td><td>2</td><td>1</td><td>970</td><td>8</td><td>100</td><td>828</td><td>4</td><td>30</td></tr><tr><td>Sweden</td><td>1,510</td><td>832</td><td>231</td><td>130</td><td>311</td><td>6</td><td>1,235</td><td>831</td><td>131</td><td>64</td><td>204</td><td>3</td></tr><tr><td>Switzerland</td><td>89,245</td><td>2,747</td><td>11,613</td><td>68,037</td><td>3,681</td><td>3,167</td><td>67,518</td><td>3,863</td><td>4,532</td><td>52,065</td><td>4,240</td><td>2,818</td></tr><tr><td>Turkey</td><td>22</td><td>-</td><td>-</td><td>19</td><td>-</td><td>3</td><td>14</td><td>-</td><td>-</td><td>14</td><td>-</td><td>6</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>108,576</td><td>55,403</td><td>1,479</td><td>39,222</td><td>2,170</td><td>10,302</td><td>62,551</td><td>22,045</td><td>1,330</td><td>27,907</td><td>2,475</td><td>8,794</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>7,109</td><td>5,496</td><td>67</td><td>877</td><td>669</td><td>-</td><td>1,568</td><td>85</td><td>4</td><td>626</td><td>794</td><td>59</td></tr><tr><td>Total Europe</td><td>272,012</td><td>73,279</td><td>22,410</td><td>145,385</td><td>10,821</td><td>20,117</td><td>183,340</td><td>28,949</td><td>9,078</td><td>101,098</td><td>14,414</td><td>29,801</td></tr><tr><td>Cenede</td><td>146,309</td><td>73,314</td><td>11,560</td><td>23,786</td><td>18,620</td><td>19,029</td><td>171,057</td><td>66,394</td><td>14,569</td><td>23,140</td><td>47,422</td><td>19,532</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>917</td><td>-</td><td>12</td><td>834</td><td>44</td><td>27</td><td>1,449</td><td>3</td><td>18</td><td>1,335</td><td>70</td><td>23</td></tr><tr><td>Bolivia</td><td>90</td><td>-</td><td>-</td><td>86</td><td>2</td><td>2</td><td>77</td><td>-</td><td>-</td><td>72</td><td>-</td><td>5</td></tr><tr><td>Brazil</td><td>2,215</td><td>48</td><td>25</td><td>729</td><td>1,411</td><td>2</td><td>809</td><td>-</td><td>31</td><td>708</td><td>65</td><td>5</td></tr><tr><td>Chile</td><td>552</td><td>-</td><td>13</td><td>369</td><td>60</td><td>110</td><td>847</td><td>-</td><td>39</td><td>739</td><td>5</td><td>64</td></tr><tr><td>Colombia</td><td>342</td><td>-</td><td>11</td><td>278</td><td>45</td><td>8</td><td>300</td><td>19</td><td>-</td><td>239</td><td>16</td><td>26</td></tr><tr><td>Cuba</td><td>1,126</td><td>214</td><td>102</td><td>786</td><td>10</td><td>14</td><td>1,015</td><td>303</td><td>4</td><td>643</td><td>56</td><td>9</td></tr><tr><td>Dominican Republic</td><td>60</td><td>-</td><td>5</td><td>45</td><td>15</td><td>-</td><td>91</td><td>-</td><td>-</td><td>18</td><td>-</td><td>73</td></tr><tr><td>Guatemala</td><td>68</td><td>-</td><td>5</td><td>63</td><td>-</td><td>-</td><td>58</td><td>-</td><td>4</td><td>54</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>3,448</td><td>67</td><td>106</td><td>2,772</td><td>228</td><td>275</td><td>3,029</td><td>200</td><td>36</td><td>2,402</td><td>181</td><td>210</td></tr><tr><td>Netherlands West Indies and Surinam</td><td>5,445</td><td>574</td><td>309</td><td>2,771</td><td>1,474</td><td>317</td><td>3,761</td><td>490</td><td>223</td><td>2,785</td><td>192</td><td>71</td></tr><tr><td>Panama, Republic of</td><td>4,890</td><td>-</td><td>259</td><td>3,878</td><td>503</td><td>250</td><td>4,003</td><td>98</td><td>81</td><td>3,287</td><td>21</td><td>516</td></tr><tr><td>Peru</td><td>380</td><td>101</td><td>-</td><td>247</td><td>-</td><td>32</td><td>357</td><td>2</td><td>9</td><td>231</td><td>45</td><td>88</td></tr><tr><td>El Salvador</td><td>72</td><td>-</td><td>15</td><td>13</td><td>44</td><td>-</td><td>411</td><td>-</td><td>407</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,962</td><td>25</td><td>164</td><td>3,290</td><td>368</td><td>115</td><td>2,732</td><td>36</td><td>2,133</td><td>160</td><td>403</td><td>52</td></tr><tr><td>Venezuela</td><td>2,951</td><td>100</td><td>190</td><td>2,270</td><td>344</td><td>47</td><td>2,942</td><td>43</td><td>1,759</td><td>79</td><td>52</td><td>12</td></tr><tr><td>Other Latin America</td><td>3,119</td><td>172</td><td>360</td><td>1,571</td><td>858</td><td>158</td><td>1,476</td><td>8</td><td>1,191</td><td>65</td><td>-</td><td>-</td></tr><tr><td>Total Latin America</td><td>29,637</td><td>1,301</td><td>1,571</td><td>20,002</td><td>5,406</td><td>1,357</td><td>23,359</td><td>2,126</td><td>939</td><td>17,782</td><td>955</td><td>1,557</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>Chire Mainland</td><td>139</td><td>-</td><td>-</td><td>56</td><td>-</td><td>83</td><td>131</td><td>-</td><td>-</td><td>103</td><td>-</td><td>28</td></tr><tr><td>Hong Kong</td><td>8,740</td><td>-</td><td>14</td><td>5,459</td><td>2,956</td><td>311</td><td>4,730</td><td>59</td><td>-</td><td>4,477</td><td>90</td><td>104</td></tr><tr><td>India</td><td>998</td><td>850</td><td>-</td><td>11</td><td>137</td><td>-</td><td>1,373</td><td>1,350</td><td>-</td><td>23</td><td>-</td><td>3</td></tr><tr><td>Indonesia</td><td>37</td><td>-</td><td>1</td><td>36</td><td>-</td><td>-</td><td>28</td><td>-</td><td>-</td><td>28</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>16</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td></tr><tr><td>Israel</td><td>425</td><td>350</td><td>19</td><td>43</td><td>9</td><td>4</td><td>6,613</td><td>-</td><td>-</td><td>25</td><td>6,588</td><td>-</td></tr><tr><td>Japan</td><td>296</td><td>-</td><td>5</td><td>226</td><td>63</td><td>-</td><td>290</td><td>-</td><td>-</td><td>290</td><td>-</td><td>-</td></tr><tr><td>Korea, Republic of</td><td>136</td><td>-</td><td>5</td><td>52</td><td>4</td><td>70</td><td>48</td><td>-</td><td>-</td><td>1</td><td>-</td><td>4</td></tr><tr><td>Philippines</td><td>20</td><td>-</td><td>5</td><td>15</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td></tr><tr><td>Taiwan</td><td>29</td><td>-</td><td>-</td><td>29</td><td>-</td><td>-</td><td>51</td><td>7</td><td>3</td><td>51</td><td>-</td><td>1</td></tr><tr><td>Thailand</td><td>1,222</td><td>253</td><td>2</td><td>949</td><td>2</td><td>16</td><td>3,390</td><td>7</td><td>3</td><td>588</td><td>2,791</td><td>1</td></tr><tr><td>Other Asia</td><td>12,055</td><td>1,453</td><td>46</td><td>6,901</td><td>3,171</td><td>484</td><td>16,674</td><td>1,357</td><td>62</td><td>5,646</td><td>9,469</td><td>146</td></tr><tr><td>Total Asia</td><td>12,055</td><td>1,453</td><td>46</td><td>6,901</td><td>3,171</td><td>484</td><td>16,674</td><td>1,357</td><td>62</td><td>5,646</td><td>9,469</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><td></td></tr><tr><td>Australia</td><td>102</td><td>3</td><td>-</td><td>10</td><td>38</td><td>51</td><td>118</td><td>3</td><td>-</td><td>106</td><td>1</td><td>8</td></tr><tr><td>Belgian Congo</td><td>8</td><td>-</td><td>-</td><td>7</td><td>-</td><td>1</td><td>19</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Egypt 1/2</td><td>15</td><td>-</td><td>-</td><td>13</td><td>-</td><td>2</td><td>6</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>2,674</td><td>-</td><td>4</td><td>33</td><td>2,442</td><td>195</td><td>2,477</td><td>-</td><td>-</td><td>48</td><td>2,107</td><td>322</td></tr><tr><td>All other</td><td>615</td><td>18</td><td>14</td><td>503</td><td>30</td><td>50</td><td>1,103</td><td>-</td><td>102</td><td>659</td><td>27</td><td>15</td></tr><tr><td>Total other countries</td><td>3,414</td><td>21</td><td>18</td><td>566</td><td>2,510</td><td>299</td><td>3,723</td><td>3</td><td>102</td><td>838</td><td>2,135</td><td>345</td></tr><tr><td>International</td><td>31,291</td><td>17,000</td><td>1,346</td><td>207</td><td>12,729</td><td>9</td><td>19,385</td><td>1,000</td><td>-</td><td>18,385</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>434,718</td><td>166,368</td><td>36,951</td><td>196,847</td><td>53,257</td><td>41,295</td><td>417,538</td><td>93,829</td><td>26,050</td><td>148,504</td><td>92,780</td><td>51,375</td></tr></table>
1/ Part of United Arab Republic (Egypt and Syrie) since February 1958. Dete on purchases and sales by Syrie are not available separately, but are included in "Other Asia."
January 1960
73
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonfinancial Concerns
(Position at end of period in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th colspan="3">Liabilities to foreigners 2/</th><th colspan="6">Claims on foreigners</th></tr><tr><th>June</th><th>September</th><th>December</th><th>March</th><th>June p</th><th>June</th><th>September</th><th>December</th><th>March</th><th>June p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td>1959</td><td></td><td>1958</td><td></td><td>1959</td><td></td><td></td></tr><tr><td>Austria</td><td>2,459</td><td>3,084</td><td>2,777</td><td>3,232</td><td>2,732</td><td>1,821</td><td>3,322</td><td>3,449</td><td>3,160</td><td>3,711</td></tr><tr><td>Belgium</td><td>25,543r</td><td>28,133r</td><td>28,585r</td><td>27,130r</td><td>27,630</td><td>10,438</td><td>10,369</td><td>10,092</td><td>8,745</td><td>9,827</td></tr><tr><td>Czechoslovakia</td><td>202</td><td>209</td><td>202</td><td>203</td><td>210</td><td>780</td><td>781</td><td>769</td><td>819</td><td>819</td></tr><tr><td>Denmark</td><td>1,389</td><td>1,150</td><td>1,369</td><td>1,282</td><td>1,250</td><td>3,769</td><td>4,759</td><td>6,697</td><td>6,116</td><td>6,925</td></tr><tr><td>Finland</td><td>626</td><td>726</td><td>782</td><td>802</td><td>682</td><td>1,183</td><td>766</td><td>937</td><td>1,068</td><td>1,196</td></tr><tr><td>France</td><td>26,098r</td><td>26,680r</td><td>33,611r</td><td>40,595r</td><td>46,276</td><td>19,920</td><td>20,162</td><td>21,207</td><td>18,242</td><td>23,588</td></tr><tr><td>Germany, Federal Republic of</td><td>7,766r</td><td>10,411r</td><td>12,257r</td><td>50,913r</td><td>54,786</td><td>20,126</td><td>17,293</td><td>21,398</td><td>23,492</td><td>28,179</td></tr><tr><td>Greece</td><td>5,036r</td><td>1,823</td><td>1,127</td><td>1,178</td><td>948</td><td>2,717</td><td>2,692</td><td>2,502</td><td>3,400</td><td>2,206</td></tr><tr><td>Italy</td><td>8,687r</td><td>8,323</td><td>10,208r</td><td>9,691r</td><td>11,137</td><td>29,972</td><td>27,092</td><td>31,366</td><td>32,966</td><td>26,489</td></tr><tr><td>Netherlands</td><td>17,332r</td><td>20,683</td><td>17,017r</td><td>30,701r</td><td>38,034</td><td>23,519</td><td>23,373</td><td>22,525</td><td>22,883</td><td>24,323</td></tr><tr><td>Norway</td><td>14,760</td><td>13,207</td><td>14,346</td><td>15,364</td><td>11,602</td><td>5,648</td><td>5,183</td><td>6,639</td><td>6,779</td><td>5,173</td></tr><tr><td>Poland</td><td>1</td><td>12</td><td>11</td><td>3</td><td>61</td><td>1,040</td><td>1,237</td><td>180</td><td>1,892</td><td>1,424</td></tr><tr><td>Portugal</td><td>1,863</td><td>696</td><td>674</td><td>581</td><td>733</td><td>2,983</td><td>3,381</td><td>3,391</td><td>2,605</td><td>2,826</td></tr><tr><td>Romania</td><td>193</td><td>199</td><td>181</td><td>181</td><td>189</td><td>1</td><td>4</td><td>2</td><td>2</td><td>4</td></tr><tr><td>Spain</td><td>5,583</td><td>7,570</td><td>7,295</td><td>7,640</td><td>8,852</td><td>13,974</td><td>9,605</td><td>9,919</td><td>10,928</td><td>10,002</td></tr><tr><td>Sweden</td><td>9,787r</td><td>11,990r</td><td>15,191r</td><td>18,523r</td><td>20,863</td><td>14,190</td><td>19,043</td><td>25,443</td><td>26,793</td><td>27,448</td></tr><tr><td>Switzerland</td><td>8,416r</td><td>11,029r</td><td>15,233r</td><td>17,853r</td><td>26,557</td><td>4,985</td><td>25,149</td><td>5,880</td><td>4,368</td><td>8,907</td></tr><tr><td>Turkey</td><td>1,459</td><td>1,008</td><td>999</td><td>1,788</td><td>1,535</td><td>25,530</td><td>25,149</td><td>24,167</td><td>21,383</td><td>27,829</td></tr><tr><td>U.S.S.R.</td><td>270</td><td>270</td><td>270</td><td>270</td><td>274</td><td>67</td><td>89</td><td>104</td><td>108</td><td>57</td></tr><tr><td>United Kingdom</td><td>81,454r</td><td>84,248r</td><td>89,757r</td><td>75,753r</td><td>85,503</td><td>48,561</td><td>58,931</td><td>61,763</td><td>44,034</td><td>41,590</td></tr><tr><td>Yugoslavia</td><td>1,766r</td><td>1,799r</td><td>242</td><td>260</td><td>406</td><td>511</td><td>371</td><td>1,008</td><td>1,067</td><td>605</td></tr><tr><td>Other Europe</td><td>402</td><td>488</td><td>504</td><td>1,042r</td><td>1,403</td><td>2,683</td><td>2,254</td><td>2,787</td><td>2,473</td><td>2,530</td></tr><tr><td>Total Europe</td><td>219,092r</td><td>231,743r</td><td>252,996r</td><td>304,985r</td><td>341,663</td><td>234,401</td><td>241,285</td><td>261,941</td><td>248,255</td><td>255,676</td></tr><tr><td>Canada</td><td>69,171r</td><td>73,810r</td><td>31,159r</td><td>27,063r</td><td>35,526</td><td>111,400</td><td>126,934</td><td>101,442</td><td>80,218</td><td>96,841</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>5,007</td><td>8,342</td><td>10,142</td><td>9,921</td><td>10,440</td><td>12,001</td><td>13,950</td><td>13,287</td><td>14,403</td><td>16,860</td></tr><tr><td>Bolivia</td><td>838</td><td>896</td><td>876</td><td>1,134</td><td>1,317</td><td>2,310</td><td>1,988</td><td>1,644</td><td>1,857</td><td>1,999</td></tr><tr><td>Brazil</td><td>15,507r</td><td>16,606r</td><td>16,419r</td><td>16,149r</td><td>17,471</td><td>64,264</td><td>74,253</td><td>62,269</td><td>59,432</td><td>56,803</td></tr><tr><td>Chile</td><td>5,952r</td><td>4,647r</td><td>2,705</td><td>2,957</td><td>3,221</td><td>11,317</td><td>12,133</td><td>8,130</td><td>8,388</td><td>6,415</td></tr><tr><td>Colombia</td><td>3,819</td><td>3,424</td><td>3,126</td><td>3,372</td><td>2,886</td><td>5,944</td><td>4,702</td><td>6,088</td><td>5,882</td><td>6,699</td></tr><tr><td>Cuba</td><td>7,988r</td><td>4,824r</td><td>5,463r</td><td>7,924r</td><td>9,806</td><td>31,722</td><td>28,511</td><td>23,670</td><td>27,105</td><td>29,239</td></tr><tr><td>Dominican Republic</td><td>1,221</td><td>1,362</td><td>801</td><td>868</td><td>918</td><td>5,322</td><td>4,096</td><td>4,066</td><td>3,308</td><td>3,191</td></tr><tr><td>Guatemala</td><td>666</td><td>628</td><td>661</td><td>376</td><td>386</td><td>5,055</td><td>4,855</td><td>4,176</td><td>4,979</td><td>4,487</td></tr><tr><td>Mexico</td><td>8,648</td><td>8,368</td><td>9,989</td><td>3,998</td><td>4,432</td><td>34,432</td><td>34,186</td><td>35,984</td><td>30,409</td><td>29,050</td></tr><tr><td>Netherlands W. Indies and Surinam</td><td>2,053</td><td>2,703</td><td>3,961</td><td>3,763</td><td>3,534</td><td>857</td><td>1,174</td><td>931</td><td>1,212</td><td>1,727</td></tr><tr><td>Panama, Republic of</td><td>10,496</td><td>8,842</td><td>4,085</td><td>9,760</td><td>3,208</td><td>5,848</td><td>3,708</td><td>3,480</td><td>5,017</td><td>3,263</td></tr><tr><td>Peru</td><td>3,297</td><td>3,699</td><td>3,052</td><td>2,221</td><td>2,857</td><td>16,808</td><td>20,078</td><td>13,467</td><td>8,302</td><td>9,958</td></tr><tr><td>El Salvador</td><td>122</td><td>131</td><td>231</td><td>79</td><td>593</td><td>2,273</td><td>1,792</td><td>1,861</td><td>1,950</td><td>2,125</td></tr><tr><td>Uruguay</td><td>4,654</td><td>4,692r</td><td>4,545r</td><td>4,565r</td><td>5,100</td><td>5,987</td><td>5,211</td><td>5,444</td><td>5,376</td><td>3,434</td></tr><tr><td>Venezuela</td><td>12,135</td><td>10,638</td><td>13,658</td><td>11,635</td><td>28,328</td><td>35,987</td><td>34,986</td><td>33,182</td><td>33,809</td><td>40,697</td></tr><tr><td>Other Latin America</td><td>3,164</td><td>2,505</td><td>5,472</td><td>2,980</td><td>3,408</td><td>16,210</td><td>15,948</td><td>15,375</td><td>11,782</td><td>12,996</td></tr><tr><td>Total Latin America</td><td>85,507r</td><td>82,301r</td><td>85,086r</td><td>81,702r</td><td>97,645</td><td>256,397</td><td>261,571</td><td>233,857</td><td>225,385</td><td>228,897</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>772</td><td>1,028</td><td>990</td><td>1,077</td><td>997</td><td>8,106</td><td>8,051</td><td>8,049</td><td>79</td><td>170</td></tr><tr><td>Hong Kong</td><td>3,582</td><td>4,445</td><td>2,305</td><td>3,832</td><td>3,191</td><td>1,829</td><td>1,442</td><td>1,722</td><td>1,145</td><td>1,687</td></tr><tr><td>India</td><td>9,108r</td><td>5,722r</td><td>6,436r</td><td>6,914r</td><td>7,296</td><td>6,382</td><td>9,184</td><td>6,066</td><td>5,563</td><td>5,824</td></tr><tr><td>Indonesia</td><td>2,096</td><td>2,119</td><td>2,294</td><td>2,257</td><td>1,886</td><td>875</td><td>858</td><td>1,006</td><td>688</td><td>1,641</td></tr><tr><td>Iran</td><td>3,019</td><td>2,819</td><td>3,495</td><td>3,560</td><td>6,263</td><td>7,581</td><td>5,694</td><td>9,243</td><td>7,006</td><td>9,882</td></tr><tr><td>Israel</td><td>812</td><td>696</td><td>762</td><td>1,549</td><td>888</td><td>2,772</td><td>5,016</td><td>4,462</td><td>5,147</td><td>7,363</td></tr><tr><td>Japan</td><td>26,949r</td><td>16,816r</td><td>13,317r</td><td>13,623r</td><td>14,728</td><td>40,459</td><td>37,626</td><td>37,292</td><td>38,064</td><td>37,428</td></tr><tr><td>Korea, Republic of</td><td>186</td><td>195</td><td>157</td><td>366</td><td>153</td><td>2,751</td><td>919</td><td>277</td><td>524</td><td>1,252</td></tr><tr><td>Philippines</td><td>3,456</td><td>3,848</td><td>4,906r</td><td>6,196r</td><td>6,435</td><td>9,955</td><td>8,359</td><td>8,586</td><td>11,389</td><td>13,015</td></tr><tr><td>Telven</td><td>2,137r</td><td>2,023</td><td>1,618</td><td>917</td><td>1,130</td><td>1,253</td><td>1,521</td><td>2,366</td><td>2,350</td><td>1,581</td></tr><tr><td>Thailand</td><td>735</td><td>757</td><td>920</td><td>1,303</td><td>818</td><td>2,837</td><td>3,154</td><td>4,411</td><td>3,070</td><td>4,655</td></tr><tr><td>Other Asia</td><td>5,570r</td><td>4,743</td><td>4,853</td><td>4,044</td><td>3,867</td><td>15,636</td><td>12,974</td><td>11,036</td><td>11,640</td><td>13,406</td></tr><tr><td>Total Asia</td><td>58,422r</td><td>44,211r</td><td>42,093r</td><td>45,638r</td><td>47,712</td><td>100,436</td><td>94,777</td><td>94,518</td><td>88,665</td><td>97,904</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>18,714r</td><td>17,322r</td><td>19,391r</td><td>14,818r</td><td>17,105</td><td>8,636</td><td>8,192</td><td>7,532</td><td>7,707</td><td>9,962</td></tr><tr><td>Belgian Congo</td><td>810</td><td>966</td><td>412</td><td>465</td><td>1,410</td><td>2,186</td><td>1,587</td><td>1,591</td><td>881</td><td>1,203</td></tr><tr><td>Egypt 2/</td><td>543</td><td>506</td><td>881</td><td>935</td><td>1,251</td><td>3,115</td><td>2,210</td><td>2,316</td><td>3,303</td><td>2,765</td></tr><tr><td>Union of South Africa</td><td>2,841r</td><td>3,419r</td><td>3,827r</td><td>4,540r</td><td>4,752</td><td>7,941</td><td>7,023</td><td>6,969</td><td>6,137</td><td>6,241</td></tr><tr><td>All other</td><td>4,187</td><td>5,425</td><td>4,575</td><td>4,738</td><td>5,352</td><td>9,511</td><td>9,396</td><td>9,514</td><td>7,650</td><td>7,802</td></tr><tr><td>Total other countries</td><td>27,095r</td><td>28,338r</td><td>29,086r</td><td>25,496r</td><td>28,800</td><td>31,389</td><td>29,008</td><td>27,922</td><td>25,678</td><td>27,053</td></tr><tr><td>International</td><td>38</td><td>27</td><td>45</td><td>35</td><td>41</td><td>298</td><td>222</td><td>381</td><td>290</td><td>198</td></tr><tr><td>Grand total</td><td>459,325r</td><td>462,430r</td><td>440,465r</td><td>484,919r</td><td>551,387</td><td>734,411</td><td>753,797</td><td>720,061</td><td>668,491</td><td>706,569</td></tr></table>
1/ As reported by exporters, importers, and industrial and commercial concerns in the United States. Data exclude claims held through United States banks, and intercompany accounts between United States companies and their foreign affiliates.
2/ Data in this table have been revised to include liabilities not reporte
ed previously, which, as of June 30, 1958, totaled $85,389 thousand. Revised quarterly data for March 1955-March 1958 may be obtained from the Office of International Finance, Treasury Department, Washington 25, D. C. Part of United Arab Republic (Egypt and Syria) since February 1958. Preliminary. r Revised.
Treasury Bulletin
74
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
The current 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, under which financial statements previously published in the Bulletin were submitted.
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 enterprises 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. 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, for June 30 and December 31 reporting dates, 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. Within the sections, the agencies are grouped in separate tables by type, as follows: public enterprise revolving funds, intragovernmental revolving 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 complete balance sheet types of statements were authorized temporarily to report only the asset side. Thus the supplement rounds out provision for the information on properties and assets of the United States Government which the Treasury has been asked to furnish to the Committee on Government Operations, House of Representatives, for a continuing study of the assets of the Government. 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.
A summary of loans outstanding for a series of dates is included in Section I of the Bulletin presentation beginning with the June 1958 issue. Two classifications of the loans are shown, one by type and one by agency. Data prior to 1956 are based on the earlier reporting requirements, which provided for complete coverage of Government lending agencies.
January 1960
75
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Public enterprises revolving funds (See Table 2)</th><th>Intergovernmental revolving funds (See Table 3)</th><th>Certain other activities (See Table 4)</th></tr><tr><td colspan="5"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td>6,818,088</td><td>5,273,335</td><td>1,448,996</td><td>95,756</td></tr><tr><td>Sales of goods and services</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest</td><td>24,499</td><td>24,499</td><td>-</td><td>-</td></tr><tr><td>On public debt securities</td><td>1,139,418</td><td>392,924</td><td>-</td><td>746,494</td></tr><tr><td>Other interest income</td><td>252,121</td><td>252,121</td><td>-</td><td>-</td></tr><tr><td>Guaranty end insurance premiums</td><td>39,260</td><td>36,588</td><td>2,672</td><td>-</td></tr><tr><td>Other major income items</td><td>71,812</td><td>57,891</td><td>5,754</td><td>8,166</td></tr><tr><td>Other income</td><td></td><td></td><td></td><td></td></tr><tr><td>Total income</td><td>8,345,197</td><td>6,037,358</td><td>1,457,423</td><td>850,417</td></tr><tr><td>Expense:</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>3,327,459</td><td>2,894,968</td><td>432,491</td><td>-</td></tr><tr><td>Materials applied</td><td>150,128</td><td>8,333</td><td>141,795</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>2,774,141</td><td>2,641,078</td><td>97,063</td><td>-</td></tr><tr><td>Other applied expenses</td><td>1,503,962</td><td>1,155,002</td><td>348,921</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>286</td><td>362</td><td>-76</td><td>-</td></tr><tr><td>Finished goods</td><td>-227,907</td><td>-226,055</td><td>-1,853</td><td>-</td></tr><tr><td>Other operating expenses</td><td>487,202</td><td>70,272</td><td>381,271</td><td>35,689</td></tr><tr><td>Depreciation</td><td>92,334</td><td>62,230</td><td>17,454</td><td>12,641</td></tr><tr><td>Administrative expenses</td><td>303,600</td><td>230,668</td><td>22,558</td><td>50,374</td></tr><tr><td>Grants and contributions</td><td>376,012</td><td>191,061</td><td>-</td><td>184,951</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>440,103</td><td>355,039</td><td>-</td><td>85,063</td></tr><tr><td>Other</td><td>66,926</td><td>58,229</td><td>-</td><td>8,697</td></tr><tr><td>Other major expense items</td><td>240,602</td><td>232,297</td><td>2,279</td><td>6,026</td></tr><tr><td>Miscellaneous expenses</td><td>39,018</td><td>32,713</td><td>-341</td><td>6,646</td></tr><tr><td>Total expense</td><td>9,533,866</td><td>7,706,236</td><td>1,437,572</td><td>390,058</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-30,658</td><td>-16,417</td><td>-419</td><td>-13,822</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-2,053</td><td>-7,986</td><td>513</td><td>5,419</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-185,953</td><td>230</td><td>-222</td><td>-185,960</td></tr><tr><td>Other</td><td>-19,175</td><td>-21,021</td><td>1,066</td><td>780</td></tr><tr><td>Total other gains, or losses (-)</td><td>-237,839</td><td>-45,194</td><td>938</td><td>-193,583</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1,426,508</td><td>-1,714,072</td><td>20,789</td><td>266,775</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td></tr><tr><td>Allowances for losses on loans</td><td>-163,779</td><td>-161,668</td><td>-</td><td>-2,111</td></tr><tr><td>Allowances for losses on acquired security or colletreal</td><td>10,318</td><td>10,318</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-1,558</td><td>-1,570</td><td>12</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-441,378</td><td>-441,255</td><td>-123</td><td>-</td></tr><tr><td>Other</td><td>-5,553</td><td>-5,777</td><td>-</td><td>224</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-601,949</td><td>-599,952</td><td>-111</td><td>-1,886</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-2,028,457</td><td>-2,314,024</td><td>20,678</td><td>264,889</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-29,975</td><td>5,040</td><td>-88</td><td>-34,927</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-2,058,432</td><td>-2,308,984</td><td>20,590</td><td>229,962</td></tr><tr><td colspan="5"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-9,399,752 r</td><td>-6,541,799 r</td><td>32,922 r</td><td>-2,890,875</td></tr><tr><td>Net income, or loss (-)</td><td>-2,058,432</td><td>-2,308,984</td><td>20,590</td><td>229,962</td></tr><tr><td>Capital transfer or earnings to the U.S. Treasury (-)</td><td>-38,660</td><td>-27,483</td><td>-11,177</td><td>-</td></tr><tr><td>Other</td><td>1,157,832</td><td>1,745,996</td><td>-</td><td>-588,164</td></tr><tr><td>Balance at end of reporting period</td><td>-10,339,012</td><td>-7,132,270</td><td>42,336</td><td>-3,249,077</td></tr></table>
r Revise
76
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/2/</th><th>Development loan fund</th><th>International Cooperation Administration Foreign investment guaranty fund</th><th>Atomic Energy Commission Defense production guaranteee</th><th>Export-Import Bank of Washington Regulier lending activities</th><th>Liquidation of certain Reconstruction Finance Corporation assets</th><th>Expansion of defense production</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>5,273,335</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>24,499</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>392,924</td><td>786</td><td>-</td><td>-</td><td>128,158</td><td>413</td><td>1,465</td></tr><tr><td>Guaranty and insurance premiums</td><td>252,121</td><td>29</td><td>1,367</td><td>61</td><td>32</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>36,588</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Other income</td><td>57,891</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>6,037,358</td><td>816</td><td>1,367</td><td>61</td><td>128,190</td><td>413</td><td>1,465</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>2,894,968</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>8,333</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>2,641,078</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>1,155,042</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>362</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-226,055</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>70,272</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>62,230</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>230,668</td><td>1,121</td><td>-</td><td>1</td><td>2,149</td><td>1</td><td>2</td></tr><tr><td>Grants and contributions</td><td>191,061</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>355,039</td><td>-</td><td>-</td><td>-</td><td>40,519</td><td>316</td><td>700</td></tr><tr><td>Other</td><td>58,229</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>232,297</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>32,713</td><td>67</td><td>-</td><td>-</td><td>93</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>7,706,236</td><td>1,193</td><td>-</td><td>1</td><td>42,781</td><td>317</td><td>702</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>-16,417</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>-7,986</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>230</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-21,021</td><td>-6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-45,194</td><td>-6</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>-1,714,072</td><td>-384</td><td>1,367</td><td>61</td><td>85,410</td><td>97</td><td>764</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>-161,668</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>10,318</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-1,570</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-441,255</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-5,777</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increases (-), or decreases, in allowances for losses</td><td>-599,952</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>-2,314,024</td><td>-384</td><td>1,367</td><td>61</td><td>85,410</td><td>97</td><td>764</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>5,040</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>-2,308,984</td><td>-384</td><td>1,367</td><td>61</td><td>85,410</td><td>97</td><td>764</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>-6,541,799</td><td>-</td><td>2,683</td><td>436</td><td>509,471</td><td>657</td><td>2,841</td></tr><tr><td>Net income, or loss (-)</td><td>-2,308,984</td><td>-384</td><td>1,367</td><td>61</td><td>85,410</td><td>97</td><td>764</td></tr><tr><td>Capital transfers of earnings or profits to the U.S. Treasury (-)</td><td>-27,483</td><td>-</td><td>-</td><td>-</td><td>-22,500</td><td>-1</td><td>-</td></tr><tr><td>Other</td><td>1,745,996</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-7,132,270</td><td>-384</td><td>4,050</td><td>497</td><td>572,381</td><td>753</td><td>3,605</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
January 1960
77
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Farm Credit Administration 3/ Federal Farm Mortgage Corporation</th><th>Agricultural marketing revolving fund</th><th>Federal Home Loan Bank Board 4/ Revolving fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Panama Canal Company</th><th>Saint Lawrence Seaway Development Corporation</th><th>Small Business Administration Revolving 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>87,388</td><td>904</td><td>-</td></tr><tr><td>Interest:</td><td>-</td><td>-</td><td>-</td><td>7,249</td><td>-</td><td>-</td><td>-</td></tr><tr><td>On public debt securities.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>95</td><td>-</td><td>15,103</td></tr><tr><td>Other interest income.</td><td>-</td><td>-</td><td>-</td><td>35,231</td><td>-</td><td>-</td><td>256</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>8,497</td><td>1</td><td>750</td><td>5</td><td>9</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>*</td><td>-</td><td>8,497</td><td>42,481</td><td>88,233</td><td>910</td><td>15,368</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>13,685</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>5</td><td>-</td><td>6,528</td><td>681</td><td>35,343</td><td>947</td><td>560</td></tr><tr><td>Depreciation.</td><td>-</td><td>-</td><td>1,601</td><td>9</td><td>6,001</td><td>207</td><td>-</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>-</td><td>738</td><td>8,687</td><td>378</td><td>10,289</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>-</td><td>-</td><td>-</td><td>8,979 5/</td><td>3,612</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,294 6/</td></tr><tr><td>Other major expense items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12,516</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 expenses.</td><td>5</td><td>-</td><td>8,171</td><td>1,429</td><td>85,248</td><td>5,144</td><td>17,142</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>-1</td><td>-</td><td>-1,056</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>4</td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>-</td><td>2</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>-</td><td>2</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-1,053</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>-4</td><td>2</td><td>326</td><td>41,052</td><td>2,984</td><td>-4,234</td><td>-2,827</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>-2,269</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>-20</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>-83</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,980 7/</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>3,980</td><td>-2,372</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>-4</td><td>2</td><td>326</td><td>41,052</td><td>2,984</td><td>-254</td><td>-5,200</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-</td><td>-</td><td>-633</td><td>-83</td><td>-1,491</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>-4</td><td>2</td><td>-308</td><td>40,969</td><td>1,492</td><td>-254</td><td>-5,200</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEP</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>7,888</td><td>-314,084</td><td>276</td><td>265,207</td><td>88,518</td><td>-</td><td>-21,034</td></tr><tr><td>Net income, or loss (-).</td><td>-4</td><td>2</td><td>-308</td><td>40,969</td><td>1,492</td><td>-254</td><td>-5,200</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-2,100</td><td>-</td><td>-</td><td>-765</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>5,783</td><td>-314,082</td><td>-31</td><td>305,410</td><td>90,041</td><td>-254</td><td>-26,233</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 Twelve Months Ended June 30, 1950
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Small Business Administration (Continued)</th><th>Tennessee Valley Authority</th><th>United States Information Agency</th><th colspan="4">Veterans' Administration</th></tr><tr><th></th><th>Reconstruction Finance Corporation liquidation fund</th><th></th><th>Informational media guaranty fund</th><th>Canteen service revolving fund</th><th>Direct loans to veterans end reserves</th><th>Rental, maintenance, and repair of quarter's insurance fund</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>248,599</td><td>-</td><td>35,317</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>382</td><td>18</td><td>3</td><td>-</td><td>32,741</td><td>-</td><td>18</td></tr><tr><td>Guaranty and insurance premiums.</td><td>10</td><td>-</td><td>132</td><td>-</td><td>-</td><td>-</td><td>3,428</td></tr><tr><td>Other major income items.</td><td>-</td><td>-</td><td>-</td><td>75</td><td>-</td><td>101</td><td>-</td></tr><tr><td>Other income.</td><td>173</td><td>9,360</td><td>2,500</td><td>35</td><td>669</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>565</td><td>257,977</td><td>2,635</td><td>35,426</td><td>33,410</td><td>101</td><td>3,447</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>24,808</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>-</td><td>4,279</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>1,801</td><td>-</td><td>6,827</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>-</td><td>157,052</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>271</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods.</td><td>-</td><td>950</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>89</td><td>4,531</td><td>-</td><td>1,065</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation.</td><td>-</td><td>48,467</td><td>-</td><td>536</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses.</td><td>842</td><td>2,964</td><td>-</td><td>1,465</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>514</td><td>-</td><td>20,143</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>92</td><td>4,141</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>-</td><td>5</td><td>-</td><td>-</td><td>369</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>931</td><td>220,318</td><td>514</td><td>34,702</td><td>20,512</td><td>92</td><td>4,141</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>-407</td><td>-</td><td>-2,187</td><td>-</td><td>-154</td><td>-</td><td>-4</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>-14</td><td>-</td><td>-</td><td>2</td><td>15</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>-1,676</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-422</td><td>-</td><td>-3,863</td><td>2</td><td>-139</td><td>-</td><td>-4</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>-798</td><td>37,660</td><td>-1,742</td><td>727</td><td>12,759</td><td>9</td><td>-699</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>458</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>-30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,730</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>428</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,730</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>-359</td><td>37,660</td><td>-1,742</td><td>727</td><td>12,759</td><td>9</td><td>-3,429</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>-359</td><td>37,660 8/</td><td>-1,742</td><td>727</td><td>12,759</td><td>33</td><td>-3,429</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>-1,569</td><td>281,527</td><td>-15,994</td><td>9,283</td><td>38,408</td><td>5</td><td>-10,244</td></tr><tr><td>Net income, or loss (-).</td><td>-359</td><td>37,660</td><td>-1,742</td><td>727</td><td>12,759</td><td>33</td><td>-3,429</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-</td><td>-</td><td>-851</td><td>-</td><td>-7</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>-1,928</td><td>319,187</td><td>-17,736</td><td>9,159</td><td>51,167</td><td>31</td><td>-13,673</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
January 1960
79
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Soldiers' end sailors' civil relief</th><th>Veterans' special term insurance fund</th><th>Vocational rehabilitation revolving fund</th><th>Public buildings & General Services Administration</th><th>Above Fiber program</th><th>Federal Facilities Corporation</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>-</td><td>-</td><td>2,598</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>1,398</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>387</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>22,359</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>114</td><td>8</td><td>-</td></tr><tr><td>Other income</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50</td></tr><tr><td>Total income</td><td>*</td><td>23,756</td><td>-</td><td>114</td><td>8</td><td>436</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>2,257</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>648</td><td>-</td></tr><tr><td>Increases (-), or decreases, 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>-</td><td>-</td><td>122</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>369</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>283</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>26</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>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>5,895</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></tr><tr><td>Miscellaneous expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td></tr><tr><td>Total expenses</td><td>-</td><td>5,895</td><td>-</td><td>1</td><td>1</td><td>679</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-off</td><td>-29</td><td>*</td><td>-2</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>-631</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></tr><tr><td>Other</td><td>-1,439</td><td>-</td><td>-</td><td>-</td><td>-84</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-1,468</td><td>*</td><td>-2</td><td>-</td><td>-715</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1,467</td><td>17,861</td><td>-2</td><td>113</td><td>7</td><td>-1,288</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>-</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>-2,462</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-2,462</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-1,467</td><td>15,400</td><td>-2</td><td>113</td><td>7</td><td>-1,288</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>56</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-1,467</td><td>15,400</td><td>-2</td><td>113</td><td>7</td><td>-1,205</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>-211</td><td>35,857</td><td>4</td><td>549</td><td>34</td><td>-8,277</td></tr><tr><td>Net income, or loss (-)</td><td>-1,467</td><td>15,400</td><td>-2</td><td>113</td><td>7</td><td>-1,205</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-662</td><td>-40</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>186</td></tr><tr><td>Balance at end of reporting period</td><td>-1,678</td><td>51,256</td><td>2</td><td>-</td><td>-</td><td>-9,482</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 Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="3">General Services Administration - (Continued)</th><th colspan="4">Housing and Home Finance Agency Office of the Administrator</th></tr><tr><th></th><th>Reconstruction Finance Corporation liquidation fund</th><th>Expansion of defense production</th><th>Defense production guarantees</th><th>College housing loans</th><th>Public facility loans</th><th>Public works planning fund</th><th>Liquidating programs</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>-</td><td>24,893</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>9</td><td>704</td><td>5</td><td>12,893</td><td>755</td><td>1</td><td>9,312</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>771</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>955</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-49</td></tr><tr><td>Other major income items</td><td>-</td><td>236</td><td>-</td><td>657</td><td>115</td><td>-</td><td>27</td></tr><tr><td>Other income, in</td><td>344</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>353</td><td>26,788</td><td>776</td><td>13,550</td><td>871</td><td>1</td><td>9,290</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>243,098</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>3,457</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>91</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-227,119</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>7</td><td>111</td><td>7</td><td>37</td><td>5</td><td>-</td><td>74</td></tr><tr><td>Depreciation</td><td>-</td><td>2,044</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>54</td><td>2,232</td><td>-</td><td>1,675</td><td>434</td><td>-</td><td>626</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>157</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>42,526</td><td>-</td><td>11,638</td><td>595</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>1,836</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>486</td><td>-</td><td>657</td><td>115</td><td>-</td><td>2</td></tr><tr><td>Total expense</td><td>61</td><td>69,073</td><td>7</td><td>14,008</td><td>1,149</td><td>-</td><td>860</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-off</td><td>-471</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-129</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>40</td><td>-5,017</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-2,390</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>-5,029</td></tr><tr><td>Other</td><td>-</td><td>-3,504</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-430</td><td>-8,521</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-7,549</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-138</td><td>-50,805</td><td>769</td><td>-458</td><td>-279</td><td>*</td><td>882</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>-467</td><td>-103</td><td>-</td><td>80</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>-1,570</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>470</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-289</td><td>-494</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>470</td><td>-</td><td>-</td><td>-467</td><td>-103</td><td>-289</td><td>-1,984</td></tr><tr><td>Net income, or loss (-), for the period</td><td>331</td><td>-50,805</td><td>769</td><td>-924</td><td>-382</td><td>-289</td><td>-1,102</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-3</td><td>14</td><td>-</td><td>1</td><td>-</td><td>-</td><td>216</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>329</td><td>-50,791</td><td>769</td><td>-924</td><td>-382</td><td>-289</td><td>-886</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>10/329</td><td>-175,352</td><td>4,556</td><td>-2,199</td><td>-795</td><td>-255</td><td>-1,180,279</td></tr><tr><td>Net income, or loss (-)</td><td>-50,791</td><td>769</td><td>-924</td><td>-382</td><td>-289</td><td>-886</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>-329</td><td>-36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-</td><td>-226,179</td><td>5,325</td><td>-3,123</td><td>-1,176</td><td>-545</td><td>-1,181,166</td></tr></table>
Footnote at end of Section III.
(Continued on following page)
January 1960
81
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Office of the Administrator - (Continued)</th><th colspan="2">Federal National Mortgage Association</th><th>Federal Housing Administration</th><th>Public Housing Administration</th><th>Agriculture Department</th></tr><tr><th></th><th>Urban renewal fund</th><th>Community disposal operations fund</th><th>Management and liquidating functions</th><th>Special assistance functions</th><th></th><th></th><th>Commodity Credit 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>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,799,743</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>15,852</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>2,441</td><td>669</td><td>90,151</td><td>24,599</td><td>8,738</td><td>2,767</td><td>45,593</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>165,639</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>13,753</td><td>-</td><td>2,897</td><td>-</td></tr><tr><td>Other income</td><td>1,249</td><td>43</td><td>137</td><td>63</td><td>468</td><td>667</td><td>3,174</td></tr><tr><td>Total income</td><td>3,690</td><td>711</td><td>90,288</td><td>38,415</td><td>190,697</td><td>6,331</td><td>1,848,511</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>2,610,597</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>498</td><td>9,785</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>352</td><td>917</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>49</td><td>-</td><td>263</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>660</td><td>1,998</td><td>1,689</td><td>53,028</td><td>12,369</td><td>38,256</td></tr><tr><td>Administrative expenses</td><td>75,537</td><td>-</td><td>-</td><td>-</td><td>-</td><td>115,367</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>2,255</td><td>-</td><td>27,606</td><td>17,683</td><td>-</td><td>994</td><td>178,909</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>28,904</td><td>-</td><td>-</td><td>-</td><td>13,629 11/2</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,134</td><td>213,839</td></tr><tr><td>Miscellaneous expense</td><td>1,249</td><td>-</td><td>9,612</td><td>1,823</td><td>11</td><td>-</td><td>3,699</td></tr><tr><td>Total expense</td><td>79,041</td><td>660</td><td>68,169</td><td>21,195</td><td>53,308</td><td>130,714</td><td>3,069,632</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>-218</td><td>-</td><td>-</td><td>92</td><td>-3,727</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>205</td><td>2</td><td>109</td><td>23</td><td>-20</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>379</td><td>-</td><td>-</td><td>-21,244</td><td>-4,589</td><td>16,102</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>584</td><td>-216</td><td>109</td><td>-21,221</td><td>-4,517</td><td>12,375</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-75,351</td><td>635</td><td>21,903</td><td>17,329</td><td>116,174</td><td>-128,900</td><td>-1,208,746</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>-533</td><td>-</td><td>-</td><td>-160,200</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,339</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>-421,255</td></tr><tr><td>Other</td><td>-604</td><td>-</td><td>-</td><td>-</td><td>-534</td><td>-417</td><td>-3,761</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-604</td><td>-</td><td>-</td><td>-533</td><td>9,804</td><td>-417</td><td>-605,216</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-75,955</td><td>635</td><td>21,903</td><td>16,796</td><td>125,978</td><td>-129,317</td><td>-1,813,962</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>93</td><td>1,745</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-75,958</td><td>635</td><td>21,903</td><td>16,796</td><td>125,978</td><td>-129,224</td><td>-1,812,217</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>-132,834</td><td>-570</td><td>109,411</td><td>7,238</td><td>643,336</td><td>-752,861</td><td>-5,711,271</td></tr><tr><td>Net income, or loss (-)</td><td>-75,958</td><td>635</td><td>21,903</td><td>16,796</td><td>125,978</td><td>-129,224</td><td>-1,812,217</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>-11,402</td><td>-521</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>264</td><td>1,760,400</td></tr><tr><td>Balance at end of reporting period</td><td>-208,793</td><td>65</td><td>131,314</td><td>24,034</td><td>757,912</td><td>-882,342</td><td>-5,763,087</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
Treasury Bulletin
82
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Federal Crop Insurance Corporation 12/</th><th>Disaster loans, etc., revolving fund</th><th>Farm tenant mortgage insurance fund</th><th>Expansion of defense production</th><th>Aviation war risk insurance revolving fund</th><th>Federal ship mortgage insurance fund</th><th>Vessel operations revolving 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>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>6,259</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>80</td><td>2,558</td><td>484</td><td>-</td><td>-</td><td>39</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>17,620</td><td>-</td><td>2,091</td><td>-</td><td>-</td><td>1,323</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>544</td></tr><tr><td>Other income</td><td>608</td><td>1</td><td>5</td><td>-</td><td>1</td><td>-</td><td>792</td></tr><tr><td>Total income</td><td>18,308</td><td>2,558</td><td>2,579</td><td>-</td><td>1</td><td>1,372</td><td>7,595</td></tr><tr><td>Expense:</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>10</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>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,458</td></tr><tr><td>Other operating expenses</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></tr><tr><td>Administrative expenses</td><td>6,832</td><td>4,149</td><td>978</td><td>-</td><td>-</td><td>-</td><td>1,084</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>401</td><td>1,665</td><td>-</td><td>20</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>Other major expense items</td><td>4,504</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>568</td></tr><tr><td>Miscellaneous expense</td><td>950</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>388</td></tr><tr><td>Total expense</td><td>12,299</td><td>4,149</td><td>1,379</td><td>1,677</td><td>-</td><td>29</td><td>7,497</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>-597</td><td>-1,254</td><td>-35</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>1</td><td>-2</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>-</td><td>-</td><td>-25</td></tr><tr><td>Total other gains, or losses (-)</td><td>-597</td><td>-1,254</td><td>-36</td><td>-</td><td>-</td><td>-</td><td>-25</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>5,412</td><td>-2,844</td><td>1,164</td><td>-1,677</td><td>-</td><td>1,343</td><td>73</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>1,295</td><td>-</td><td>-</td><td>-</td><td>-713</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>1,178</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>1,178</td><td>1,297</td><td>-</td><td>-</td><td>-</td><td>-713</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>6,590</td><td>-1,546</td><td>1,164</td><td>-1,677</td><td>-</td><td>629</td><td>73</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>104</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>6,590</td><td>-1,442</td><td>1,164</td><td>-1,677</td><td>-</td><td>629</td><td>73</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>-121,911</td><td>-31,238</td><td>6,297</td><td>-63,159</td><td>-</td><td>365</td><td>24,038</td></tr><tr><td>Net income, or loss (-)</td><td>6,590</td><td>-1,442</td><td>1,164</td><td>-1,677</td><td>-</td><td>629</td><td>73</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>196</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>-115,321</td><td>-82,680</td><td>7,461</td><td>-64,837</td><td>-</td><td>994</td><td>24,308</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
83
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
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="3">Defense Department</th><th rowspan="2">HEW Department Public Health Service Operation of commissaries, narcotic hospitals</th></tr><tr><th>Maritime activities - (Continued) War risk insurance revolving fund</th><th>Inland Waterways Corporation</th><th>Defense production guarantees</th><th>Air Force Department</th><th>Army Department</th><th>Navy Department</th></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></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>210</td></tr><tr><td>Interests</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>280</td><td>-</td><td>205</td><td>97</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>823</td><td>-</td><td>582</td><td>-</td></tr><tr><td>Guaranty end insurance premiums</td><td>367</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>3</td><td>-</td><td>3</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>367</td><td>280</td><td>-</td><td>1,027</td><td>100</td><td>582</td><td>213</td></tr><tr><td>Expense:</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>146</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>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>64</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Depreciation</td><td>9</td><td>1</td><td>-</td><td>109</td><td>34</td><td>52</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></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>5</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>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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>15</td><td>1</td><td>-</td><td>114</td><td>34</td><td>52</td><td>213</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>8</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>352</td><td>279</td><td>-</td><td>913</td><td>74</td><td>530</td><td>-1</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>352</td><td>279</td><td>-</td><td>913</td><td>74</td><td>530</td><td>-1</td></tr><tr><td>Chargee (-), 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>352</td><td>278</td><td>-</td><td>913</td><td>74</td><td>530</td><td>-1</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>711</td><td>-14,529</td><td>6</td><td>11,195</td><td>5,172</td><td>8,677</td><td>48</td></tr><tr><td>Net income, or loss (-)</td><td>352</td><td>278</td><td>-</td><td>913</td><td>74</td><td>530</td><td>-1</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>1,063</td><td>-14,251</td><td>6</td><td>12,108</td><td>5,246</td><td>9,207</td><td>47</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
84
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>HEW Department-(Continued) Social Security Administration</th><th colspan="2">Bureau of Indian Affairs</th><th colspan="2">Interior Department</th><th>Bureau of Mines</th><th>Bureau of Commercial Fisheries</th></tr><tr><th></th><th>Bureau of Federal Credit Unions</th><th>Liquidation of Hoonah housing project</th><th>Revolving fund for loans</th><th>Fund for emergency expenses, Fort Peck project, Mont.</th><th>Upper Colorado River Basin fund</th><th>Development end operation of helium properties</th><th>Fisheries loan 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>-</td><td>-</td><td>2,358</td><td>-</td><td>6,697</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>3</td><td>217</td><td>-</td><td>-</td><td>-</td><td>219</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>3,226</td><td>-</td><td>-</td><td>-</td><td>5</td><td>128</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>3,226</td><td>3</td><td>217</td><td>2,358</td><td>5</td><td>6,825</td><td>219</td></tr><tr><td>Expense:</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>358</td><td>-</td><td>1,511</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,658</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>413</td><td>-</td><td>17</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>-7</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>17</td><td>-</td><td>-</td><td>7</td><td>-</td><td>1,192</td><td>-</td></tr><tr><td>Depreciation</td><td>3,019</td><td>-</td><td>540</td><td>95</td><td>-</td><td>708</td><td>220</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>2</td><td>-</td><td>-</td><td>238</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest</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></tr><tr><td>Miscellaneous expense</td><td>21</td><td>-</td><td>-</td><td>116</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>3,059</td><td>-</td><td>540</td><td>1,222</td><td>-</td><td>5,077</td><td>220</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>-</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></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>167</td><td>3</td><td>-324</td><td>1,116</td><td>5</td><td>1,748</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>-172</td><td>-</td><td>-</td><td>-</td><td>-20</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>-172</td><td>-</td><td>-</td><td>-</td><td>-20</td></tr><tr><td>Net income, or loss (-), for the period</td><td>167</td><td>3</td><td>-495</td><td>1,116</td><td>5</td><td>1,748</td><td>-20</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-71</td><td>-</td><td>74</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>167</td><td>3</td><td>-495</td><td>1,045</td><td>5</td><td>1,822</td><td>-20</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>573 r</td><td>43</td><td>-2,140</td><td>8,227</td><td>-</td><td>4,668 r</td><td>-214</td></tr><tr><td>Net income, or loss (-)</td><td>167</td><td>3</td><td>-495</td><td>1,045</td><td>5</td><td>1,822</td><td>-20</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>-3</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>741</td><td>46</td><td>-2,636</td><td>9,272</td><td>2</td><td>6,490</td><td>-234</td></tr></table>
Footnotes et end of Section III.
(Continued on following page)
January 1960
85
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Interior Department - (Continued)</th><th rowspan="2">Labor Department Bureau of Employment Security Farm labor supply re-volving fund</th><th rowspan="2">Post Office Department Postal fund</th><th rowspan="2">Treasury Dept. Office of the Secretary Reconstruction Pinnacle Corporation liquidation fund</th></tr><tr><th>Aleksa Railroad revolving fund</th><th>Loans to private trading enterprises</th><th>Virgin Islands Corporation</th><th>Expansion of defense production</th></tr><tr><td colspan="7">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td>13,481</td><td>-</td><td>2,668</td><td>-</td><td>3,042,212</td><td>-</td></tr><tr><td>Sales of goods and service.......</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></tr><tr><td>On public debt securities........</td><td>-</td><td>10</td><td>18</td><td>-</td><td>-</td><td>1,717</td></tr><tr><td>Other interest income</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></tr><tr><td>Other major income items.</td><td>-</td><td>-</td><td>306</td><td>-</td><td>6,606</td><td>-</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8,048</td><td>23</td></tr><tr><td>Total income</td><td>13,481</td><td>10</td><td>2,992</td><td>-</td><td>6,606</td><td>3,077,031</td><td>1,741</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>1,367</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>7,287</td><td>-</td><td>1,176</td><td>-</td><td>-</td><td>2,623,265</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>2,144</td><td>-</td><td>392</td><td>-</td><td>-</td><td>990,910</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>-</td><td>-</td><td>-</td><td>-</td><td>3,288</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>1,363</td><td>-</td><td>464</td><td>-</td><td>30</td><td>-</td><td>-</td></tr><tr><td>Depreciation.</td><td>965</td><td>-</td><td>334</td><td>331</td><td>-</td><td>67,806</td><td>138</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>171</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>177 13/</td><td>797</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>Other major expense items.</td><td>-</td><td>-</td><td>267</td><td>-</td><td>-</td><td>167</td><td>11</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 expenses</td><td>13,126</td><td>-</td><td>3,230</td><td>1,128</td><td>3,317</td><td>3,682,148</td><td>149</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-off.</td><td>-9</td><td>-</td><td>*</td><td>-5,075</td><td>-</td><td>-</td><td>-29</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>1</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>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-8</td><td>-</td><td>*</td><td>-5,075</td><td>-</td><td>-</td><td>-29</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>347</td><td>10</td><td>-238</td><td>-6,203</td><td>3,288</td><td>-605,117</td><td>1,562</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>5,075</td><td>-</td><td>-</td><td>50</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>-4</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>-4</td><td>-</td><td>*</td><td>5,075</td><td>-</td><td>-</td><td>50</td></tr><tr><td>Net income, or loss (-), for the period</td><td>344</td><td>10</td><td>-238</td><td>-1,128</td><td>3,288</td><td>-605,117</td><td>1,612</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-2,523</td><td>-</td><td>*</td><td>-</td><td>-413</td><td>7,665</td><td>4</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>-2,179</td><td>10</td><td>-238</td><td>-1,128</td><td>2,875</td><td>-597,452</td><td>1,617</td></tr><tr><td colspan="7">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year.</td><td>4,920</td><td>27</td><td>-196</td><td>-29,081</td><td>853</td><td>14/</td><td>10/</td></tr><tr><td>Net income, or loss (-).</td><td>-2,179</td><td>10</td><td>-238</td><td>-1,128</td><td>2,875</td><td>-597,452</td><td>1,617</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-33</td><td>-</td><td>-</td><td>-1,667</td><td>-</td><td>-1,617</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>2,741</td><td>4</td><td>-434</td><td>-30,209</td><td>2,061</td><td>-597,452</td><td>-</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 Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="4">Treasury Department - (Continued)</th></tr><tr><th>Office of the Secretary-(Continued)</th><th>Bureau of Accounts</th><th>Office of the Treasury</th><th>Expansion of defense production</th></tr><tr><th></th><th>Civil defense loans</th><th>Fund for payment of Government losses in shipment</th><th>Treasurer of the U. S., check forgery insurance fund</th><th></th></tr><tr><td><b>INCOME AND EXPENSE</b></td><td></td><td></td><td></td><td></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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income.</td><td>53</td><td>-</td><td>-</td><td>8,736</td></tr><tr><td>Guaranty end insurance premiums.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items.</td><td>-</td><td>3</td><td>227</td><td>80</td></tr><tr><td>Other income.</td><td>13</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>66</td><td>3</td><td>227</td><td>8,816</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>Increase (-), or decrease, 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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation.</td><td>-</td><td>-</td><td>-</td><td>105</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expenses:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>18</td><td>-</td><td>-</td><td>4,127</td></tr><tr><td>Other.</td><td>-</td><td>47</td><td>227</td><td>-</td></tr><tr><td>Other major expense items.</td><td>*</td><td>-</td><td>-</td><td>54</td></tr><tr><td>Miscellaneous expense.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>18</td><td>47</td><td>227</td><td>4,287</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-</td><td>-</td><td>-</td><td>-1,122</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</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></tr><tr><td>Other.</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>-1,122</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>48</td><td>-44</td><td>-</td><td>3,407</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>-</td><td>-</td><td>-</td><td>-4,150</td></tr><tr><td>Allowance for losses on acquired security or collateral.</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></tr><tr><td>Allowance for losses on inventories.</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>Net increase (-), or decrease, in allowances for losses.</td><td>-</td><td>-</td><td>*</td><td>-4,150</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>48</td><td>-44</td><td>*</td><td>-743</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-</td><td>-</td><td>-</td><td>183</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>48</td><td>-44</td><td>*</td><td>-560</td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year.</td><td>247</td><td>-820</td><td>-6</td><td>15,044</td></tr><tr><td>Net income, or loss (-).</td><td>48</td><td>-44</td><td>*</td><td>-560</td></tr><tr><td>Capital transfers of earnings or profits to 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>Balance at end of reporting period.</td><td>295</td><td>-865</td><td>-6</td><td>14,485</td></tr></table>
Footnotes at end of Section III.
January 1960
87
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
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 Supply fund</th><th colspan="3">General Services Administration</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Administrative expenses, foreign aid procurements</th><th>Buildings management fund</th><th>General supply 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>1,448,996</td><td>92,544</td><td>9,193</td><td>138,104</td><td>-</td><td>240,237</td><td>282,431</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>2,672</td><td>-</td><td>-</td><td>763</td><td>1,909</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>5,754</td><td>3,852</td><td>*</td><td>-</td><td>-</td><td>64</td><td>1,558</td></tr><tr><td>Total income</td><td>1,457,423</td><td>96,396</td><td>9,193</td><td>138,866</td><td>1,909</td><td>240,301</td><td>283,989</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>269,677</td></tr><tr><td>Cost of commodities sold</td><td>432,491</td><td>-</td><td>-</td><td>135,581</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>141,795</td><td>25,370</td><td>105</td><td>272</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>93,063</td><td>32,229</td><td>7,101</td><td>1,340</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>348,921</td><td>28,709</td><td>2,067</td><td>242</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>-76</td><td>-172</td><td>-</td><td>-6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-1,853</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>381,271</td><td>4,085</td><td>-</td><td>330</td><td>-</td><td>239,103</td><td>9,307</td></tr><tr><td>Depreciation</td><td>17,464</td><td>692</td><td>94</td><td>30</td><td>-</td><td>225</td><td>2,776</td></tr><tr><td>Administrative expenses</td><td>22,558</td><td>1,551</td><td>-</td><td>-</td><td>1,043</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>-</td></tr><tr><td>Other</td><td>2,279</td><td>-</td><td>-</td><td>1,293</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>-341</td><td>-878</td><td>-</td><td>-</td><td>-</td><td>166</td><td>32</td></tr><tr><td>Total expenses</td><td>1,437,572</td><td>91,758</td><td>9,196</td><td>139,082</td><td>1,043</td><td>239,493</td><td>281,791</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>-419</td><td>-71</td><td>-</td><td>-12</td><td>-</td><td>-</td><td>-2</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>513</td><td>2</td><td>*</td><td>-9</td><td>-</td><td>-2</td><td>249</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-222</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>1,066</td><td>-</td><td>10</td><td>-</td><td>-2</td><td>337</td><td>63</td></tr><tr><td>Total other gains, or losses (-)</td><td>938</td><td>-68</td><td>10</td><td>-21</td><td>-2</td><td>335</td><td>310</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>20,789</td><td>4,569</td><td>7</td><td>-237</td><td>864</td><td>1,143</td><td>2,508</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>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-123</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>-111</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>20,678</td><td>4,569</td><td>7</td><td>-237</td><td>864</td><td>1,143</td><td>2,508</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-88</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-43</td><td>24</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>20,590</td><td>4,569</td><td>7</td><td>-237</td><td>864</td><td>1,100</td><td>2,532</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>32,922</td><td>8,329</td><td>5</td><td>33</td><td>375</td><td>398</td><td>2,172</td></tr><tr><td>Net income, or loss (-)</td><td>20,590</td><td>4,569</td><td>7</td><td>-237</td><td>864</td><td>1,100</td><td>2,532</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-11,177</td><td>-4,539</td><td>-5</td><td>-33</td><td>-</td><td>-398</td><td>-2,172</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>42,336</td><td>8,360</td><td>7</td><td>-237</td><td>1,239</td><td>1,100</td><td>2,532</td></tr></table>
(Continued on following page)
Footnotes at end of Section III.
88
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">General Services Administration - (Continued)</th><th colspan="2">Agriculture Department</th><th colspan="2">Commerce Department</th></tr><tr><th></th><th>Construction services, public buildings</th><th>Working capital fund</th><th>Agricultural Research Service</th><th>Forest Service</th><th>National Bureau of Standards</th><th>Working capital fund</th></tr><tr><th colspan="7">INCOME AND EXPENSE</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goode and services.</td><td>2,361</td><td>1,108</td><td>3,343</td><td>14,930</td><td>3,028</td><td>32,554</td><td>2,047</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>-</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>*</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>2,361</td><td>1,109</td><td>3,355</td><td>14,930</td><td>3,028</td><td>32,554</td><td>2,047</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>243</td><td>-</td><td>2,933</td><td>-</td><td>2,665</td><td>165</td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>979</td><td>1,728</td><td>1,148</td><td>21,575</td><td>276</td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>-</td><td>1,862</td><td>1,483</td><td>1,409</td><td>6,390</td><td>796</td></tr><tr><td>Other applied expenses.</td><td>-</td><td>-</td><td>450</td><td>4,262</td><td>478</td><td>-</td><td>618</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>-23</td><td>-</td><td>759</td><td>-9</td></tr><tr><td>Finished goods.</td><td>2,252</td><td>839</td><td>-</td><td>-</td><td>-</td><td>-1,138</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>-</td><td>16</td><td>41</td><td>3,110</td><td>42</td><td>2,089</td><td>45</td></tr><tr><td>Depreciation.</td><td>-</td><td>-</td><td>-</td><td>1,148</td><td>94</td><td>-</td><td>51</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 expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowing 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>Other major expense items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-172</td><td>21</td><td>63</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>2,252</td><td>1,098</td><td>3,332</td><td>14,641</td><td>3,000</td><td>32,362</td><td>2,006</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>11</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>405</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>-20</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-19</td><td>-</td></tr><tr><td>Other.</td><td>-20</td><td>*</td><td>-</td><td>-</td><td>1</td><td>54</td><td>1</td></tr><tr><td>Total other gains, or losses (-).</td><td>-20</td><td>*</td><td>-</td><td>405</td><td>2</td><td>48</td><td>1</td></tr><tr><td>Net income, or lose (-), before change in valuation allowances.</td><td>90</td><td>11</td><td>24</td><td>695</td><td>29</td><td>239</td><td>42</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>90</td><td>11</td><td>24</td><td>695</td><td>29</td><td>239</td><td>42</td></tr><tr><td>Net income, or lose (-), for the period.</td><td>1</td><td>-1</td><td>-</td><td>4</td><td>2</td><td>9</td><td>-2</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>1</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or lose (-), transferred to accumulated net income, or deficit (-).</td><td>90</td><td>10</td><td>24</td><td>699</td><td>30</td><td>248</td><td>40</td></tr><tr><th colspan="7">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th></tr><tr><td>Balance at end of previous fiscal year.</td><td>41</td><td>10</td><td>16</td><td>638</td><td>39</td><td>20</td><td>291</td></tr><tr><td>Net income, or lose (-).</td><td>90</td><td>10</td><td>24</td><td>699</td><td>30</td><td>248</td><td>40</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-10</td><td>-</td><td>-</td><td>-</td><td>-20</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>131</td><td>10</td><td>39</td><td>1,337</td><td>69</td><td>248</td><td>331</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
January 1960
89
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">Defenses Department</th><th rowspan="2">Health, Education, and Welfare Department Office of the Secretary</th><th colspan="2">Public Health Service</th><th rowspan="2">Interior Department Office of the Secretary</th><th rowspan="2">Justice Department Federal Prison Industries, Inc.</th></tr><tr><th>Air Force Department</th><th>Army Department</th><th>Service and supply fund</th><th>Narcotic hospitals</th></tr><tr><td></td><td>Industrial fund</td><td>Corps of Engineers</td><td>Working capital fund</td><td>Working capital fund</td><td>Working capital fund</td><td></td><td></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></tr><tr><td>Sales of goods and services</td><td>293,901</td><td>234,445</td><td>1,485</td><td>5,396</td><td>639</td><td>1,792</td><td>31,021</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>-</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>17</td><td>-</td><td>1</td><td>18</td><td>3</td><td>*</td><td>163</td></tr><tr><td>Total income</td><td>293,918</td><td>234,445</td><td>1,486</td><td>5,414</td><td>641</td><td>1,793</td><td>31,184</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>1,655</td><td>408</td><td>4,301</td><td>-</td><td>231</td><td>-</td></tr><tr><td>Materials applied</td><td>75,299</td><td>4,989</td><td>93</td><td>-</td><td>143</td><td>167</td><td>18,079</td></tr><tr><td>Wages and salaries applied</td><td>7,772</td><td>-</td><td>668</td><td>-</td><td>-</td><td>797</td><td>1,265</td></tr><tr><td>Other applied expenses</td><td>77,475</td><td>218,735</td><td>113</td><td>-</td><td>-</td><td>416</td><td>5,049</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>2</td><td>-</td><td>*</td><td>-</td><td>1</td><td>-</td><td>240</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-</td><td>-30</td></tr><tr><td>Other operating expenses</td><td>117,975</td><td>7,515</td><td>106</td><td>804</td><td>451</td><td>159</td><td>443</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>19</td><td>18</td><td>26</td><td>16</td><td>165</td></tr><tr><td>Administrative expenses</td><td>10,894</td><td>-</td><td>50</td><td>278</td><td>-</td><td>-</td><td>431</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>986</td></tr><tr><td>Other major expense items</td><td>-</td><td>217</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>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>289,417</td><td>233,112</td><td>1,457</td><td>5,401</td><td>616</td><td>1,787</td><td>26,628</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>-6</td><td>-</td><td>-1</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-34</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>-2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>698</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>664</td><td>-</td><td>-7</td><td>7</td><td>-1</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>4,501</td><td>1,997</td><td>29</td><td>6</td><td>33</td><td>5</td><td>4,555</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>4,501</td><td>1,997</td><td>29</td><td>6</td><td>33</td><td>5</td><td>4,555</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-81</td><td>-</td><td>-4</td><td>6</td><td>*</td><td>-1</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>4,420</td><td>1,997</td><td>26</td><td>12</td><td>33</td><td>4</td><td>4,555</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>723</td><td>1,093</td><td>80</td><td>136</td><td>307</td><td>27</td><td>17,911</td></tr><tr><td>Net income, or loss (-)</td><td>4,420</td><td>1,997</td><td>26</td><td>12</td><td>33</td><td>4</td><td>4,555</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>-4,000</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>5,143</td><td>3,090</td><td>106</td><td>148</td><td>340</td><td>32</td><td>18,497</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
90
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Labor Department Office of the Secretary Working capital fund</th><th>Treasury Department Bureau of Engraving and Printing</th><th>Treasury Department United States Coast Guard Supply fund</th><th>Treasury Department United States Coast Guard Yard fund</th></tr><tr><td colspan="5"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>1,122</td><td>27,987</td><td>15,829</td><td>13,501</td></tr><tr><td>Interest:</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></tr><tr><td>Other interest income</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></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>5</td><td>60</td></tr><tr><td>Total income</td><td>1,122</td><td>27,987</td><td>15,834</td><td>13,561</td></tr><tr><td>Expense:</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>1,044</td><td>15,834</td><td>421</td></tr><tr><td>Materials applied</td><td>240</td><td>5,573</td><td>-</td><td>4,671</td></tr><tr><td>Wages and salaries applied</td><td>609</td><td>10,027</td><td>-</td><td>4,127</td></tr><tr><td>Other applied expense</td><td>253</td><td>3,663</td><td>-</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>-</td><td>-900</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-647</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>2,928</td><td>-</td><td>2,487</td></tr><tr><td>Depreciation</td><td>23</td><td>393</td><td>-</td><td>129</td></tr><tr><td>Administrative expenses</td><td>-</td><td>5,336</td><td>-</td><td>1,682</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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</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></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>210</td></tr><tr><td>Total expense</td><td>1,126</td><td>27,437</td><td>15,834</td><td>13,726</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-339</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-2</td><td>-89</td><td>-</td><td>-9</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-41</td><td>-161</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-84</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-2</td><td>-469</td><td>-245</td><td>-9</td></tr><tr><td>Net income, or lose (-), before change in valuation allowances</td><td>-5</td><td>102</td><td>-245</td><td>-175</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>-</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></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>12</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-123</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-111</td><td>-</td><td>-</td></tr><tr><td>Net income, or lose (-), for the period</td><td>-5</td><td>-9</td><td>-245</td><td>-175</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or lose (-), transferred to accumulated net income, or deficit (-)</td><td>-5</td><td>-9</td><td>-245</td><td>-175</td></tr><tr><td colspan="5"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-</td><td>-55</td><td>249 r</td><td>53</td></tr><tr><td>Net income, or lose (-)</td><td>-5</td><td>-9</td><td>-245</td><td>-175</td></tr><tr><td>Capital transfers of earnings or profits to 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>Balance at end of reporting period</td><td>-5</td><td>-64</td><td>4</td><td>-122</td></tr></table>
Footnotes at end of Section III.
January 1960
91
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 4.- Certain Other Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th colspan="2">International Cooperation Administration</th><th>Export-Import Bank of Washington</th><th>Veterans' Administration</th><th>General Services Administration</th><th>Agriculture Department</th></tr><tr><th></th><th></th><th>U. S. dollar loans</th><th>Foreign currency loans</th><th>Foreign currency loans 15/</th><th>Loan guaranty program</th><th>Public Works Administration (in liquidation)</th><th>Farmers' Home 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>95,756</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></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>746,494</td><td>39,215</td><td>12,157</td><td>328</td><td>9,748</td><td>2,011</td><td>34,529</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>8,166</td><td>-</td><td>-</td><td>-</td><td>508</td><td>-</td><td>61</td></tr><tr><td>Total income.</td><td>850,417</td><td>39,215</td><td>12,157</td><td>328</td><td>10,256</td><td>2,011</td><td>34,590</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>Increases (-), 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>35,659</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>12,641</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation.</td><td>50,374</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>30,998</td></tr><tr><td>Administrative expenses.</td><td>184,951</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 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>85,063</td><td>22,107</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,888</td></tr><tr><td>Other.</td><td>8,697</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items.</td><td>6,026</td><td>-</td><td>-</td><td>-</td><td>6,026</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense.</td><td>6,646</td><td>-</td><td>-</td><td>-</td><td>4,948</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>390,058</td><td>22,107</td><td>-</td><td>1</td><td>10,974</td><td>-</td><td>37,886</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>-13,822</td><td>-</td><td>-</td><td>-</td><td>-57</td><td>-</td><td>-13,755</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>5,419</td><td>-</td><td>-</td><td>-</td><td>5,935</td><td>-</td><td>-10</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-185,960</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>780</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-193,583</td><td>-</td><td>-</td><td>-</td><td>5,877</td><td>-</td><td>-13,765</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>266,775</td><td>17,108</td><td>12,157</td><td>327</td><td>5,160</td><td>2,011</td><td>-17,060</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>-2,111</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,184</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>224</td><td>-</td><td>-</td><td>-</td><td>-4,110</td><td>-</td><td>4,334</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-1,886</td><td>-</td><td>-</td><td>-</td><td>-4,110</td><td>-</td><td>3,150</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>264,889</td><td>17,108</td><td>12,157</td><td>327</td><td>1,050</td><td>2,011</td><td>-13,910</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-34,927</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-21</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>229,962</td><td>17,108</td><td>12,157</td><td>327</td><td>1,053</td><td>2,011</td><td>-13,931</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>-2,890,875</td><td>-16,431</td><td>1,566</td><td>-</td><td>-16,585</td><td>-1,586,805</td><td>-169,987</td></tr><tr><td>Net income, or loss (-).</td><td>229,962</td><td>17,108</td><td>12,157</td><td>327</td><td>1,053</td><td>2,011</td><td>-13,931</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>-588,164</td><td>-23,871</td><td>-9,259</td><td>-64</td><td>-</td><td>-2,051</td><td>-</td></tr><tr><td>Balance at end of reporting period.</td><td>-3,249,077</td><td>-23,194</td><td>4,464</td><td>263</td><td>-15,532</td><td>-1,586,845</td><td>-183,918</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
92
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II
Income and Expense for the Twelve Months Ended June 30, 1950
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Agriculture Department - (Continued)</th><th>Commerce Department</th><th>Health, Education, and Welfare Department</th><th colspan="3">Interior Department</th><th>Treasury Department</th></tr><tr><th></th><th>Rural Electrification Administration</th><th>Maritime activities</th><th>Office of Education Loans to students (World War II)</th><th>Bonneville Power Administration</th><th>Southeastern Power Administration</th><th>Southwestern Power Administration</th><th>Miscellaneous loans and certain other assets</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>-</td><td>-</td><td>66,359</td><td>14,864</td><td>14,533</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>57,466</td><td>7,515</td><td>9</td><td>-</td><td>*</td><td>-</td><td>583,515</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>3,682</td><td>-</td><td>1,615</td><td>*</td><td>1</td><td>2,300</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>57,467</td><td>11,197</td><td>9</td><td>67,974</td><td>14,864</td><td>14,534</td><td>585,815</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>-</td><td>12,310</td><td>-</td><td>10,532</td><td>2,228</td><td>10,590</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>11,934</td><td>-</td><td>702</td><td>-</td></tr><tr><td>Depreciation</td><td>9,539</td><td>9,642</td><td>-</td><td>-</td><td>143</td><td>51</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>184,951</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>56,068</td><td>-</td><td>-</td><td>8,075</td><td>-</td><td>623</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>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>1,698</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>65,607</td><td>208,601</td><td>-</td><td>30,541</td><td>2,375</td><td>11,966</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>-10</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-505</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>-185,960</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>845</td><td>-3</td><td>-62</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-185,621</td><td>-13</td><td>-62</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-8,141</td><td>-383,026</td><td>-4</td><td>37,371</td><td>12,489</td><td>2,567</td><td>585,815</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>-927</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>-927</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>-9,067</td><td>-383,026</td><td>-4</td><td>37,371</td><td>12,489</td><td>2,567</td><td>585,815</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>9,839</td><td>-</td><td>-44,742</td><td>64</td><td>-71</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-9,067</td><td>-373,186</td><td>-4</td><td>-7,371</td><td>12,553</td><td>2,496</td><td>585,815</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>-66,798</td><td>-1,394,487</td><td>-217</td><td>31,358</td><td>67,432</td><td>14,338</td><td>245,682</td></tr><tr><td>Net income, or loss (-)</td><td>-9,067</td><td>-373,186</td><td>-4</td><td>-7,371</td><td>12,553</td><td>2,496</td><td>585,815</td></tr><tr><td>Capital transfer or profits to the U. S. Treasury (-)</td><td>-</td><td>-1,888</td><td>-19</td><td>-</td><td>-</td><td>-</td><td>-551,012</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>-75,865</td><td>-1,769,561</td><td>-239</td><td>23,987</td><td>80,045</td><td>16,834</td><td>280,485</td></tr></table>
Footnotes at end of Section III.
January 1960
93
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1959
Table 5.- Certain Deposit Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th colspan="2">Farm Credit Administration</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board</th></tr><tr><th></th><th></th><th>Banks for cooperatives</th><th>Federal intermediate credit banks 16/</th><th></th><th>Federal home loan banks</th></tr><tr><td colspan="6">INCOME AND EXPENSE</td></tr><tr><td>Income:</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>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td>85,002</td><td>1,080</td><td>2,513</td><td>54,755</td><td>26,625</td></tr><tr><td>On public debt securities.</td><td>103,862</td><td>20,583</td><td>45,678</td><td>35</td><td>37,566</td></tr><tr><td>Other interest income.</td><td>76,653</td><td>-</td><td>-</td><td>76,653</td><td>-</td></tr><tr><td>Guaranty and insurance premiums.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items.</td><td>218</td><td>76</td><td>129</td><td>*</td><td>13</td></tr><tr><td>Other income.</td><td>265,735</td><td>21,738</td><td>48,350</td><td>131,443</td><td>64,203</td></tr><tr><td>Expenses:</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></tr><tr><td>Cost of commodities sold.</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></tr><tr><td>Wages and salaries applied.</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></tr><tr><td>Increase (-), or decrease, in:</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></tr><tr><td>Finished goods.</td><td>12,279</td><td>-</td><td>592</td><td>11,687</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation.</td><td>9,095</td><td>2,926</td><td>3,386</td><td>-</td><td>2,783</td></tr><tr><td>Administrative expenses.</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></tr><tr><td>Interest expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>78,252</td><td>8,980</td><td>34,997</td><td>-</td><td>34,275</td></tr><tr><td>Other.</td><td>864</td><td>-</td><td>-</td><td>-</td><td>864</td></tr><tr><td>Other major expense items.</td><td>284</td><td>1</td><td>2</td><td>51</td><td>231</td></tr><tr><td>Miscellaneous expense.</td><td>100,776</td><td>11,908</td><td>38,977</td><td>11,738</td><td>38,153</td></tr><tr><td>Total expense.</td><td>-610</td><td>-21</td><td>-3</td><td>-587</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td>59</td><td>68</td><td>-</td><td>-14</td><td>5</td></tr><tr><td>Charge-offs.</td><td>-238</td><td>*</td><td>-</td><td>1</td><td>-239</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>66</td><td>30</td><td>36</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>-724</td><td>77</td><td>33</td><td>-599</td><td>-234</td></tr><tr><td>Other.</td><td>164,235</td><td>9,907</td><td>9,406</td><td>119,107</td><td>25,816</td></tr><tr><td>Total other gains, or losses (-).</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>3,888</td><td>3,365</td><td>-</td><td>523</td><td>-</td></tr><tr><td>Increases (-), or decreases, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-117</td><td>-117</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or col. assets.</td><td>3</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>-4,185</td><td>-3,673</td><td>-</td><td>-513</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-411</td><td>-424</td><td>3</td><td>10</td><td>-</td></tr><tr><td>Other.</td><td>163,824</td><td>9,482</td><td>9,409</td><td>119,117</td><td>25,816</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>401</td><td>-</td><td>-</td><td>401</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>164,225</td><td>9,482</td><td>9,409</td><td>119,517</td><td>25,816</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</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>2,125,828</td><td>93,188</td><td>64,231</td><td>1,907,186</td><td>61,223</td></tr><tr><td>Balance at end of previous fiscal year.</td><td>164,225</td><td>9,482</td><td>9,409</td><td>119,517</td><td>25,816</td></tr><tr><td>Net income, or loss (-),</td><td>-31,986</td><td>-6,839</td><td>-7,057</td><td>-</td><td>-18,090</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>2,258,067</td><td>95,831</td><td>66,583</td><td>2,026,704</td><td>68,949</td></tr><tr><td>Other.</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of reporting period.</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Section III.
94
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section D
- Income and Expense for the Twelve Months Ended June 30, 1959
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 12/18/</th><th>Civil Service Commission Employee's life insurance fund</th><th>General Services Administration National Archives trust fund</th><th>Housing and Home Finance Agency Federal Mortgage Association Secondary market operations</th><th>Agriculture Department Farmers' Home Administration State rural rehabilitation funds</th><th>Defense Department Army Department United States Soldier's Home revolving fund</th><th>Justice Department Federal Prison System</th><th>Commisary funds, Federal prisons</th></tr><tr><td><b>INCOME AND EXPENSE</b></td><td></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><td></td></tr><tr><td>Sales of goods and services</td><td>2,042</td><td>-</td><td>84</td><td>-</td><td>-</td><td>108</td><td>1,850</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>2,481</td><td>2,451</td><td>-</td><td>-</td><td>30</td><td>-</td><td>*</td><td></td></tr><tr><td>Other interest income</td><td>66,225</td><td>-</td><td>-</td><td>65,179</td><td>1,046</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>123,380</td><td>119,072</td><td>-</td><td>4,307</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Other income</td><td>17,031</td><td>15,951</td><td>72</td><td>995</td><td>8</td><td>-</td><td>6</td><td></td></tr><tr><td>Total income</td><td>211,159</td><td>137,474</td><td>155</td><td>70,482</td><td>1,084</td><td>108</td><td>1,856</td><td></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>1,622</td><td>-</td><td>10</td><td>-</td><td>-</td><td>98</td><td>1,513</td><td></td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>244</td><td></td></tr><tr><td>Wages and salaries applied</td><td>244</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td></td></tr><tr><td>Other applied expenses</td><td>37</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>10</td><td>-19</td><td></td></tr><tr><td>Finished goods</td><td>-9</td><td>-</td><td>136</td><td>-</td><td>-</td><td>-</td><td>13</td><td></td></tr><tr><td>Other operating expenses</td><td>149</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-</td><td>9</td><td></td></tr><tr><td>Depreciation</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Administrative expenses</td><td>3,355</td><td>251</td><td>-</td><td>2,777</td><td>327</td><td>-</td><td>63</td><td></td></tr><tr><td>Grants and contributions</td><td>63</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>973</td><td>-</td><td>-</td><td>973</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Other</td><td>38,704</td><td>79,307</td><td>-</td><td>38,704</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Other major expense items</td><td>97,146</td><td>-</td><td>-</td><td>17,839</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Miscellaneous expense</td><td>8</td><td>3</td><td>*</td><td>4</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Total expense</td><td>142,305</td><td>79,564</td><td>148</td><td>60,299</td><td>327</td><td>108</td><td>1,861</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><td></td></tr><tr><td>Charge-offs</td><td>-968</td><td>-</td><td>-</td><td>-2</td><td>-966</td><td>-</td><td>-1</td><td></td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>5</td><td>-</td><td>-</td><td>-</td><td>5</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>-964</td><td>-</td><td>*</td><td>-2</td><td>-961</td><td>*</td><td>-1</td><td></td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>67,890</td><td>57,910</td><td>8</td><td>10,182</td><td>-204</td><td>*</td><td>-6</td><td></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><td></td></tr><tr><td>Allowance for losses on loans</td><td>509</td><td>-</td><td>-</td><td>-154</td><td>662</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>119</td><td>-</td><td>-</td><td>-</td><td>119</td><td>-</td><td>-</td><td></td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>627</td><td>-</td><td>-</td><td>-154</td><td>781</td><td>-</td><td>-</td><td></td></tr><tr><td>Net income, or loss (-), for the period</td><td>68,518</td><td>57,910</td><td>8</td><td>10,028</td><td>577</td><td>*</td><td>-6</td><td></td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-491</td><td>-</td><td>-1</td><td>-</td><td>-491</td><td>-</td><td>-</td><td></td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>68,026</td><td>57,910</td><td>7</td><td>10,028</td><td>86</td><td>*</td><td>-6</td><td></td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEPICIIT</b></td><td></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>52,474</td><td>45,069</td><td>251</td><td>10,257</td><td>-3,738</td><td>2</td><td>633</td><td></td></tr><tr><td>Net income, or loss (-)</td><td>68,026</td><td>57,910</td><td>7</td><td>10,028</td><td>86</td><td>*</td><td>-6</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><td></td></tr><tr><td>Other</td><td>-3,156</td><td>-</td><td>-</td><td>-3,156</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Balance at end of reporting period</td><td>117,344</td><td>102,979</td><td>258</td><td>17,129</td><td>-3,652</td><td>2</td><td>627</td><td></td></tr></table>
Footnotes at end of Section III.
January 1960
95
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959 Table 1.- Summary by 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>6,990,777</td><td>6,355,489</td><td>-</td><td>635,288</td></tr><tr><td>Cost of security or collateral acquired</td><td>156,389</td><td>156,283</td><td>-</td><td>106</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>232,688</td><td>148,435</td><td>35,360</td><td>48,893</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>1,387,438</td><td>12,435</td><td>4</td><td>1,375,000</td></tr><tr><td>Other</td><td>342,477</td><td>119,416</td><td>66</td><td>222,995</td></tr><tr><td>Total acquisition of assets</td><td>9,109,769</td><td>6,792,058</td><td>35,429</td><td>2,282,281</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>8,207,819</td><td>6,399,802</td><td>1,434,329</td><td>373,688</td></tr><tr><td>Increase in selected working capital</td><td>664,573</td><td>503,272</td><td>64,867</td><td>96,333</td></tr><tr><td>Total funds applied to operations</td><td>17,982,161</td><td>13,695,233</td><td>1,534,625</td><td>2,752,303</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>2,147,557</td><td>1,715,955 12/</td><td>-</td><td>431,601</td></tr><tr><td>Sale of acquired security or collateral</td><td>8,113</td><td>7,872</td><td>-</td><td>242</td></tr><tr><td>Sale of fixed assets</td><td>18,573</td><td>6,499</td><td>3,728</td><td>8,346</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>7,692</td><td>7,692</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>532,238</td><td>124,241</td><td>29</td><td>407,968</td></tr><tr><td>Total realization of assets</td><td>2,714,173</td><td>1,862,259</td><td>3,757</td><td>848,157</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>8,96,916</td><td>5,893,320</td><td>1,458,177</td><td>845,419</td></tr><tr><td>Decrease in selected working capital</td><td>124,722</td><td>70,651</td><td>26,002</td><td>28,070</td></tr><tr><td>Total funds provided by operations</td><td>11,035,811</td><td>7,826,229</td><td>1,487,936</td><td>1,721,645</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>6,946,350</td><td>5,869,004</td><td>46,689</td><td>1,030,657</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>3,710,680</td><td>3,329,815</td><td>21,250</td><td>359,615</td></tr><tr><td>Borrowings from the U.S. Treasury</td><td>9,616,877</td><td>9,040,034</td><td>-</td><td>576,843</td></tr><tr><td>Capital and surplus advances from the U.S. Treasury</td><td>68,033</td><td>68,033</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>1,566,908</td><td>276</td><td>-</td><td>1,566,632</td></tr><tr><td>Total increase in investment of the U.S. Government</td><td>14,962,499</td><td>12,438,159</td><td>21,250</td><td>2,503,090</td></tr><tr><td>Increase in other borrowings</td><td>71,959</td><td>71,959</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>18,152</td><td>18,106</td><td>-</td><td>46</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>345,769</td><td>224,353</td><td>63,468</td><td>57,948</td></tr><tr><td>Total funds provided by financing</td><td>15,398,378</td><td>12,752,577</td><td>84,718</td><td>2,561,084</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>1,023</td><td>426</td><td>-</td><td>597</td></tr><tr><td>Repayment of borrowings from the U.S. Treasury</td><td>6,168,502</td><td>5,807,413</td><td>-</td><td>361,089</td></tr><tr><td>Repayment of capital and surplus advances from the U.S. Treasury</td><td>427,177</td><td>74,156</td><td>-</td><td>353,020</td></tr><tr><td>Distribution of earnings to the U.S. Treasury</td><td>636,099</td><td>29,150</td><td>11,177</td><td>595,773</td></tr><tr><td>General and special fund revenues deposited</td><td>127,586</td><td>-2</td><td>-</td><td>127,588</td></tr><tr><td>Other</td><td>32,321</td><td>30,297</td><td>*</td><td>2,023</td></tr><tr><td>Total decrease in investment of the U.S. Government</td><td>7,392,708</td><td>5,941,441</td><td>11,177</td><td>1,440,090</td></tr><tr><td>Decrease in borrowings from the public</td><td>68,584</td><td>68,584</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>119,997</td><td>119,997</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>870,739</td><td>753,551</td><td>26,852</td><td>90,337</td></tr><tr><td>Total funds applied to financing</td><td>8,452,028</td><td>6,883,573</td><td>38,029</td><td>1,530,427</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>6,946,350</td><td>5,869,004</td><td>46,689</td><td>1,030,657</td></tr></table>
Footnotes at end of Section.
96
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>Office of Civil and Defense Mobilization Civil defense procurement fund</th><th>Development loan fund</th><th>International Cooperation Administration Foreign investment guaranty fund</th><th>Atomic Energy Commission Defense production guarantees</th><th>Export-Import Bank of Washington Regular lending activities</th><th>Liquidation of certain Reconstruction Finance Corporation assets</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>6,355,489</td><td>-</td><td>65,483</td><td>-</td><td>-</td><td>767,927</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>156,283</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>148,435</td><td>-</td><td>34</td><td>-</td><td>-</td><td>45</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>12,435</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>119,416</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,859</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>6,792,058</td><td>-</td><td>65,517</td><td>-</td><td>-</td><td>792,832</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>6,399,802</td><td>125</td><td>1,194</td><td>-</td><td>1</td><td>42,761</td><td>317</td></tr><tr><td>Increase in selected working capital</td><td>503,372</td><td>-</td><td>594</td><td>-</td><td>1</td><td>8,811</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>13,695,233</td><td>125</td><td>67,305</td><td>-</td><td>1</td><td>844,404</td><td>317</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realisation 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>1,715,955 12/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>294,840 20/</td><td>6,006</td></tr><tr><td>Sale of acquired security or collateral</td><td>7,872</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>6,499</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>7,692</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>124,241</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,859</td><td>-</td></tr><tr><td>Total realisation of assets</td><td>1,862,259</td><td>-</td><td>-</td><td>-</td><td>-</td><td>319,699</td><td>6,006</td></tr><tr><td>Capital stock issued to the public</td><td>5,893,320</td><td>125</td><td>816</td><td>1,367</td><td>61</td><td>128,191</td><td>413</td></tr><tr><td>Decrease in selected working capital</td><td>70,651</td><td>151</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td></tr><tr><td>Total funds provided by operations</td><td>7,826,229</td><td>276</td><td>816</td><td>1,367</td><td>61</td><td>447,890</td><td>6,433</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>5,869,004</td><td>-151</td><td>66,490</td><td>-1,367</td><td>-61</td><td>396,514</td><td>-6,116</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>3,329,815</td><td>-</td><td>550,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>9,040,034</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,436,300</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>68,033</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>276</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>12,438,159</td><td>-</td><td>550,000</td><td>-</td><td>-</td><td>1,436,300</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>71,959</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>18,106</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>224,351</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,424</td><td>4</td></tr><tr><td>Total funds provided by financing</td><td>12,752,577</td><td>-</td><td>550,000</td><td>-</td><td>-</td><td>1,440,714</td><td>4</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>426</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>5,807,413</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,021,700</td><td>6,110</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>74,156</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>29,150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22,500</td><td>1</td></tr><tr><td>General and special fund revenues deposited</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>30,297</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>5,941,441</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,044,200</td><td>6,120</td></tr><tr><td>Decrease in borrowings from the public</td><td>68,584</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>119,997</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>753,551</td><td>151</td><td>483,510</td><td>1,367</td><td>61</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>6,883,573</td><td>151</td><td>483,510</td><td>1,367</td><td>61</td><td>1,044,200</td><td>6,120</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>5,869,004</td><td>-151</td><td>66,490</td><td>-1,367</td><td>-61</td><td>396,514</td><td>-6,116</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
January 1960
97
(1) CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Export-Import Bank of Washington - (Continued)</th><th colspan="4">Farm Credit Administration</th><th colspan="2">Federal Home Loan Bank Board</th></tr><tr><th></th><th>Expansion of defense production</th><th>Federal Farm Mortgage Corporation</th><th>Federal intermediate credit banks investment fund</th><th>Production credit associations investment fund</th><th>Agricultural marketing revolving fund</th><th>Revolving fund</th><th>Federal Savings and Loan Insurance Corporation</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>48</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>-</td><td>-</td><td>-</td><td>43</td><td>9</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>11,300</td><td>835</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>48</td><td>-</td><td>11,300</td><td>835</td><td>-</td><td>43</td><td>9</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>702</td><td>5</td><td>-</td><td>-</td><td>-</td><td>8,762</td><td>1,502</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>750</td><td>7</td><td>11,300</td><td>835</td><td>-</td><td>8,805</td><td>1,512</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realisation 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>4,050</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>6</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>880</td><td>6,789</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>2,042</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realisation of assets</td><td>4,050</td><td>2,042</td><td>-</td><td>880</td><td>6,789</td><td>-</td><td>6</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>1,465</td><td>*</td><td>-</td><td>-</td><td>2</td><td>8,497</td><td>42,481</td></tr><tr><td>Decrease in selected working capital</td><td>37</td><td>-</td><td>-</td><td>-</td><td>-</td><td>255</td><td>89</td></tr><tr><td>Total funds provided by operations</td><td>5,552</td><td>2,042</td><td>-</td><td>880</td><td>6,791</td><td>8,752</td><td>42,576</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-4,802</td><td>-2,035</td><td>11,300</td><td>-45</td><td>-6,791</td><td>52</td><td>-41,064</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>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>4,490</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 increases in investment of the U. S. Government</td><td>4,490</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>91</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>11,300</td><td>-</td><td>-</td><td>52</td><td>1,152</td></tr><tr><td>Total funds provided by financing</td><td>4,490</td><td>91</td><td>11,300</td><td>-</td><td>-</td><td>52</td><td>1,152</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>9,292</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>24,801</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>2,100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>765</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>9,292</td><td>2,100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>25,566</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16,650</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>-</td><td>-</td><td>45</td><td>6,791</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>9,292</td><td>2,126</td><td>-</td><td>45</td><td>6,791</td><td>-</td><td>42,216</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-4,802</td><td>-2,035</td><td>11,300</td><td>-45</td><td>-6,791</td><td>52</td><td>-41,064</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 Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Federal Home Loan Bank Board - (Continued) Rome O'wore' Loan Corporation (liquidated)</th><th>Panama Canal Company</th><th>Saint Lawrence Seaway Development Corporation</th><th>Small Business Administration Revolving fund</th><th>Reconstruction Finance Corporation liquidation fund</th><th>Tennessee Valley Authority</th><th>United States Information Agency informational media guaranty 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>177,284</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>-</td><td>147</td><td>74</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>11,271</td><td>13,807</td><td>-</td><td>-</td><td>107,520</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>5</td><td>2,924</td><td>282</td><td>-</td><td>-</td><td>9,978</td></tr><tr><td>Other</td><td>-</td><td>5</td><td>2,924</td><td>135</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>-</td><td>11,275</td><td>16,731</td><td>177,819</td><td>74</td><td>107,520</td><td>9,978</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>-</td><td>83,102</td><td>964</td><td>17,168</td><td>963</td><td>170,853</td><td>541</td></tr><tr><td>Increase in selected working capital</td><td>3</td><td>587</td><td>1,496</td><td>1,854</td><td>40</td><td>-</td><td>254</td></tr><tr><td>Total funds applied to operations</td><td>3</td><td>94,965</td><td>19,191</td><td>196,871</td><td>1,077</td><td>278,373</td><td>10,773</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>-</td><td>-</td><td>-</td><td>68,492</td><td>5,221</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>395</td><td>90</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>1,192</td><td>-</td><td>-</td><td>-</td><td>2,307</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>173</td><td>443</td><td>4</td><td>5,095</td></tr><tr><td>Total realization of assets</td><td>-</td><td>1,192</td><td>-</td><td>69,059</td><td>5,753</td><td>2,311</td><td>5,095</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>88,233</td><td>3,834</td><td>15,368</td><td>565</td><td>257,977</td><td>135</td></tr><tr><td>Income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,954</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>-</td><td>89,425</td><td>3,834</td><td>84,427</td><td>6,318</td><td>271,242</td><td>5,230</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>3</td><td>5,540</td><td>15,358</td><td>112,444</td><td>-5,241</td><td>7,130</td><td>5,544</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 coacted</td><td>-</td><td>-</td><td>15,800</td><td>200,000</td><td>-</td><td>16,850</td><td>2,500</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,743</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>15,800</td><td>200,000</td><td>-</td><td>16,850</td><td>7,243</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>46</td><td>5,540</td><td>-</td><td>-</td><td>761</td><td>-</td><td>33</td></tr><tr><td>Total funds provided by financing</td><td>46</td><td>5,540</td><td>15,800</td><td>200,000</td><td>761</td><td>16,850</td><td>7,276</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>1,732</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>6,003</td><td>1,915</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>6,003</td><td>1,915</td><td>1,732</td></tr><tr><td>Decrease in borrowings from the public</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>44</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>-</td><td>-</td><td>442</td><td>87,556</td><td>-</td><td>7,805</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>44</td><td>-</td><td>442</td><td>87,556</td><td>6,003</td><td>9,720</td><td>1,732</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>3</td><td>5,540</td><td>15,358</td><td>112,444</td><td>-5,241</td><td>7,130</td><td>5,544</td></tr></table>
(Continued on following page)
January 1960
99
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Canteen service revolving fund</th><th>Direct loans to veterans and reserves</th><th>Rental, maintenance, and repair of quarters</th><th>Service-disabled veterans' insurance fund</th><th>Soldiers' and seafolks' civil relief</th><th>Veterans' special term insurance fund</th><th>Vocational rehabilitation revolving 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>-</td><td>179,531</td><td>-</td><td>522</td><td>-</td><td>3</td><td>347</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>404</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>3,837</td><td>-</td><td>3</td><td>21</td><td>2</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>404</td><td>183,368</td><td>-</td><td>525</td><td>21</td><td>5</td><td>347</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>33,994</td><td>20,603</td><td>92</td><td>4,145</td><td>1,439</td><td>5,895</td><td>-</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Total funds applied to operations</td><td>34,399</td><td>203,971</td><td>101</td><td>4,670</td><td>1,460</td><td>5,900</td><td>347</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>-</td><td>47,031</td><td>-</td><td>257</td><td>2</td><td>-</td><td>342</td></tr><tr><td>Sale of acquired security or collateral</td><td>18</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>5,368</td><td>24</td><td>2</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Total realization of assets</td><td>18</td><td>52,398</td><td>24</td><td>259</td><td>2</td><td>1</td><td>342</td></tr><tr><td>Capital stock issued to the public</td><td>35,426</td><td>33,410</td><td>101</td><td>3,447</td><td>*</td><td>23,756</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>72</td><td>4,936</td><td>-</td><td>95</td><td>145</td><td>212</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>35,517</td><td>90,744</td><td>125</td><td>3,801</td><td>148</td><td>23,970</td><td>342</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-1,118</td><td>113,227</td><td>-24</td><td>869</td><td>1,312</td><td>-18,070</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</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,300</td><td>-</td><td>-</td></tr><tr><td>Appropriations enacted</td><td>-</td><td>150,000</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>150,000</td><td>-</td><td>-</td><td>1,300</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>-</td><td>869</td><td>-</td><td>-</td><td>5</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>-</td><td>150,000</td><td>-</td><td>869</td><td>1,312</td><td>-</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</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>851</td><td>-</td><td>7</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>851</td><td>-</td><td>7</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>17,897</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>173</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>268</td><td>36,773</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>1,118</td><td>36,773</td><td>24</td><td>-</td><td>-</td><td>18,070</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-1,118</td><td>113,227</td><td>-24</td><td>869</td><td>1,312</td><td>-18,070</td><td>5</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 Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Public buildings 9/</th><th colspan="5">General Services Administration</th></tr><tr><th></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><th>Reconstruction Finance Corporation liquidation fund</th><th>Expansion of defense production</th><th>Defense production guarantees</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>243</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>5</td><td>-</td><td>-</td><td>1,943</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>13,000</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>14,943</td><td>243</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>1</td><td>1</td><td>2,396</td><td>395</td><td>534</td><td>291,461</td><td>7</td></tr><tr><td>Increase in selected working capital</td><td>6</td><td>-</td><td>580</td><td>-</td><td>-</td><td>3,741</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>7</td><td>1</td><td>2,981</td><td>395</td><td>534</td><td>310,145</td><td>250</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>27</td><td>-</td><td>65</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>517</td><td>-</td><td>165</td><td>1,384</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>848</td><td>-</td><td>23,396</td><td>-</td></tr><tr><td>Total realization of assets</td><td>-</td><td>-</td><td>517</td><td>848</td><td>192</td><td>24,780</td><td>65</td></tr><tr><td>Capital stock issued to the public</td><td>114</td><td>8</td><td>2,682</td><td>492</td><td>353</td><td>26,802</td><td>776</td></tr><tr><td>Income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>4</td><td>-</td><td>12</td><td>550</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>114</td><td>8</td><td>3,199</td><td>1,353</td><td>1,095</td><td>51,582</td><td>842</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-107</td><td>-7</td><td>-217</td><td>-958</td><td>-561</td><td>258,563</td><td>-591</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>-</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>615,000</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>615,000</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>555</td><td>33</td><td>3,283</td><td>4,042</td><td>831</td><td>13,563</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>555</td><td>33</td><td>3,283</td><td>4,042</td><td>831</td><td>628,563</td><td>-</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>370,000</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>662</td><td>40</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>3,500</td><td>5,000</td><td>1,392</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>662</td><td>40</td><td>3,500</td><td>5,000</td><td>1,392</td><td>370,000</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>-</td><td>591</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>662</td><td>40</td><td>3,500</td><td>5,000</td><td>1,392</td><td>370,000</td><td>591</td></tr><tr><td>Net effect of financing (excesses of funds applied (-), or provided)</td><td>-107</td><td>-7</td><td>-217</td><td>-958</td><td>-561</td><td>258,563</td><td>-591</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
January 1960
101
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued) (In thousands of dollars)
<table><tr><th colspan="7">Housing and Home Finance Agency</th></tr><tr><th>Account</th><th>College housing loans</th><th>Public facility loans</th><th>Public works planning fund</th><th>Liquidating programs</th><th>Urban renewal fund</th><th>Community disposal operations fund</th><th>Federal National Mortgage Association Management and liquidating functions</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>185,130</td><td>21,108</td><td>-</td><td>-</td><td>68,832</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired....</td><td>-</td><td>-</td><td>-</td><td>23</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>41</td><td>-</td><td>-</td><td>48</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.....................</td><td>-</td><td>-</td><td>5,785</td><td>131</td><td>-</td><td>10,282</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>185,130</td><td>21,108</td><td>5,785</td><td>195</td><td>68,832</td><td>10,282</td><td>48</td></tr><tr><td>Operating and other expense (excluding depreciation).....................</td><td>14,007</td><td>1,149</td><td>-</td><td>935</td><td>79,041</td><td>660</td><td>68,337</td></tr><tr><td>Increase in selected working capital.........</td><td>-</td><td>11</td><td>100</td><td>-</td><td>-</td><td>283</td><td>-</td></tr><tr><td>Total funds applied to operations.............</td><td>199,137</td><td>22,268</td><td>5,885</td><td>1,130</td><td>147,872</td><td>11,225</td><td>68,385</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>4,774</td><td>42</td><td>-</td><td>16,173</td><td>67,094</td><td>-</td><td>188,101</td></tr><tr><td>Sale of acquired security or collateral.....</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets................................</td><td>-</td><td>-</td><td>-</td><td>797</td><td>-</td><td>-</td><td>5</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>2,056</td><td>100</td><td>-</td><td>31,235</td><td>-</td></tr><tr><td>Total realization of assets....................</td><td>4,774</td><td>42</td><td>2,056</td><td>17,072</td><td>67,094</td><td>31,235</td><td>188,106</td></tr><tr><td>Capital stock issued to the public.............</td><td>13,550</td><td>871</td><td>1</td><td>9,344</td><td>3,686</td><td>711</td><td>90,288</td></tr><tr><td>Decrease in selected working capital.........</td><td>1,091</td><td>-</td><td>-</td><td>999</td><td>1,849</td><td>-</td><td>19,253</td></tr><tr><td>Total funds provided by operations.............</td><td>19,415</td><td>913</td><td>2,057</td><td>27,415</td><td>72,629</td><td>31,946</td><td>297,666</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>179,722</td><td>21,355</td><td>3,828</td><td>-26,285</td><td>75,243</td><td>-20,721</td><td>-229,261</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increases in investment of the U. S.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Government........................................</td><td>-</td><td>-</td><td>7,000</td><td>-</td><td>50,000</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>205,561</td><td>24,251</td><td>-</td><td>-</td><td>118,000</td><td>-</td><td>200,372</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.</td><td>205,561</td><td>24,251</td><td>7,000</td><td>-</td><td>168,000</td><td>-</td><td>200,372</td></tr><tr><td>Government........................................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increases in other borrowings..................</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>12,815</td></tr><tr><td>Decreases in investment holdings................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>168</td></tr><tr><td>Decreases in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>1,826</td><td>243</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.............</td><td>205,561</td><td>24,251</td><td>7,000</td><td>1,834</td><td>168,243</td><td>-</td><td>213,355</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decreases in investment of the U. S.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>93,000</td><td>-</td><td>409,121</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury........</td><td>-</td><td>-</td><td>-</td><td>28,000</td><td>-</td><td>20,000</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>111</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.</td><td>-</td><td>-</td><td>-</td><td>28,111</td><td>93,000</td><td>20,000</td><td>409,121</td></tr><tr><td>Government........................................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,420</td></tr><tr><td>Decreases in borrowings from the public.....</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>27,075</td></tr><tr><td>Increases in investment holdings................</td><td>25,840</td><td>2,896</td><td>3,172</td><td>-</td><td>-</td><td>721</td><td>-</td></tr><tr><td>Increases 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>25,840</td><td>2,896</td><td>3,172</td><td>28,119</td><td>93,000</td><td>20,721</td><td>442,616</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>179,722</td><td>21,355</td><td>3,828</td><td>-26,285</td><td>75,243</td><td>-20,721</td><td>-229,261</td></tr></table>
(Continued on following page)
102
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th colspan="6">Housing and Home Finance Agency - (Continued)</th><th colspan="3">Agriculture Department</th></tr><tr><th>Account</th><th>Federal National Mortgage Association - (Continued) Special assistance functions</th><th>Federal Housing Administration</th><th>Public Housing Administration</th><th>Commodity Credit Corporation</th><th>Federal Crop Insurance Corporation 12/</th><th colspan="2">Farmers' Home Administration</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Disaster loans, etc., revolving fund</th><th>Farm tenant mortgage insurance 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>1,064,922</td><td>-</td><td>149,325</td><td>3,582,789</td><td>-</td><td>39,471</td><td>32,378</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>68,944</td><td>-</td><td>87,077</td><td>-</td><td>2</td><td>16</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>466</td><td>171</td><td>689</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>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>43</td><td>-</td><td>917</td><td>-</td><td>29</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>1,064,922</td><td>69,428</td><td>149,539</td><td>3,671,472</td><td>-</td><td>39,502</td><td>32,394</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>21,195</td><td>64,441</td><td>131,911</td><td>1,586,487</td><td>12,896</td><td>4,319</td><td>1,379</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>25,861</td><td>-</td><td>272,479</td><td>-</td><td>-</td><td>133</td></tr><tr><td>Total funds applied to operations.</td><td>1,086,117</td><td>159,730</td><td>281,450</td><td>5,530,438</td><td>12,896</td><td>43,821</td><td>33,906</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>19,057</td><td>-</td><td>151,708</td><td>719,024 21/</td><td>-</td><td>70,883</td><td>4,980</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>7,244</td><td>-</td><td>-</td><td>-</td><td>22</td><td>114</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>32</td><td>77</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>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>13,093</td><td>-</td><td>13,318</td><td>-</td><td>59</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>19,057</td><td>20,392</td><td>151,784</td><td>732,343</td><td>-</td><td>70,965</td><td>5,094</td></tr><tr><td>Capital stock issued to the public.</td><td>38,524</td><td>190,697</td><td>6,451</td><td>1,658,100</td><td>18,308</td><td>2,663</td><td>2,579</td></tr><tr><td>Income.</td><td>13,460</td><td>-</td><td>6,333</td><td>-</td><td>2,718</td><td>1,254</td><td>-</td></tr><tr><td>Decreases 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>71,041</td><td>211,089</td><td>164,568</td><td>2,430,443</td><td>21,026</td><td>74,881</td><td>7,673</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>1,015,076</td><td>-51,359</td><td>116,882</td><td>3,099,995</td><td>-8,129</td><td>-31,060</td><td>26,233</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increases 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 soacted.</td><td>1,026,724</td><td>-</td><td>128,074</td><td>1,760,400</td><td>6,377</td><td>-</td><td>28,195</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>75,000</td><td>5,115,000</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 increases in investment of the U. S. Government.</td><td>1,026,724</td><td>71,959</td><td>203,074</td><td>6,875,400</td><td>6,377</td><td>-</td><td>28,195</td></tr><tr><td>Increases in other borrowings.</td><td>40</td><td>5,244</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decreases in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decreases 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>1,026,764</td><td>77,203</td><td>203,074</td><td>6,875,400</td><td>6,377</td><td>-</td><td>28,195</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decreases 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>425</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>10,878</td><td>-</td><td>83,000</td><td>3,769,000</td><td>-</td><td>-</td><td>1,460</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>521</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>-2</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Total decreases in investment of the U. S. Government.</td><td>10,878</td><td>62,095</td><td>83,946</td><td>3,769,000</td><td>1</td><td>-</td><td>1,460</td></tr><tr><td>Decrease in borrowings from the public.</td><td>40</td><td>58,327</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increases in investment holdings.</td><td>770</td><td>8,140</td><td>2,246</td><td>6,405</td><td>14,506</td><td>31,060</td><td>502</td></tr><tr><td>Increases 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>11,688</td><td>128,562</td><td>86,192</td><td>3,775,405</td><td>14,506</td><td>31,060</td><td>1,962</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>1,015,076</td><td>-51,359</td><td>116,882</td><td>3,099,995</td><td>-8,129</td><td>-31,060</td><td>26,233</td></tr></table>
Footnotes at end of Section
(Continued on following page)
January 1960
103
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Agriculture Department - (Continued) Expansion of defense production</th><th colspan="5">Commerce Department 22/ Maritime activities</th><th>Defense Department</th></tr><tr><th></th><th></th><th>Aviation war risk insurance revolving fund</th><th>Federal ship mortgage insurance fund</th><th>Vessel operations revolving fund</th><th>War risk insurance revolving fund</th><th>Inland Waterways Corporation</th><th>Air Force Department Defense production guarantee</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,251</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>4,402</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>35</td></tr><tr><td>Total acquisition of assets</td><td>-</td><td>-</td><td>4,402</td><td>-</td><td>-</td><td>-</td><td>14,285</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>1,677</td><td>*</td><td>742</td><td>7,592</td><td>15</td><td>2</td><td>116</td></tr><tr><td>Increases 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>1,677</td><td>*</td><td>5,145</td><td>7,592</td><td>15</td><td>2</td><td>14,399</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>709</td><td>14,149</td></tr><tr><td>Sales 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>34</td></tr><tr><td>Total realization of assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>709</td><td>14,183</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>1</td><td>1,372</td><td>7,861</td><td>367</td><td>280</td><td>1,079</td></tr><tr><td>Income</td><td>1,504</td><td>1</td><td>2,693</td><td>251</td><td>24</td><td>677</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>1,504</td><td>1</td><td>4,065</td><td>8,112</td><td>391</td><td>1,666</td><td>15,263</td></tr><tr><td>Net affect of operations on expenditures (excess of funds applied, or provided (-))</td><td>174</td><td>*</td><td>1,080</td><td>-520</td><td>-376</td><td>-1,664</td><td>-863</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increases 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>174</td><td>-</td><td>1,400</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>174</td><td>-</td><td>1,400</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>-</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>174</td><td>-</td><td>1,400</td><td>-</td><td>-</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</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>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>*</td><td>320</td><td>520</td><td>376</td><td>1,664</td><td>863</td></tr><tr><td>Increase in selected cash and fund balances</td><td>*</td><td>*</td><td>320</td><td>520</td><td>376</td><td>1,664</td><td>863</td></tr><tr><td>Total funds applied to financing</td><td>*</td><td>*</td><td>320</td><td>520</td><td>376</td><td>1,664</td><td>863</td></tr><tr><td>Net affect of financing (excess of funds applied (-), or provided)</td><td>174</td><td>*</td><td>1,080</td><td>-520</td><td>-376</td><td>-1,664</td><td>-863</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 Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">Defense Department - (Continued)</th><th colspan="2">HEW Department</th><th colspan="3">Interior Department</th></tr><tr><th>Army Department</th><th>Navy Department</th><th>Public Health Service</th><th>Social Security Administration</th><th>Bureau of Indian Affairs</th><th>Revolving fund for loans</th><th>Bureau of Reclamation Fund for emergency expenses, Fort Peck project, Mont.</th></tr><tr><td colspan="8">Defense production guarantees</td></tr><tr><td colspan="8">Operation of commissaries, narcotic hospitals</td></tr><tr><td colspan="8">Bureau of Federal Credit Unions</td></tr><tr><td colspan="8">Liquidation of Hoonah housing project</td></tr><tr><th colspan="8">FUNDS APPLIED TO OPERATIONS</th></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>76</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,527</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>1</td><td>9</td><td>-</td><td>-</td><td>1,563</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>76</td><td>-</td><td>1</td><td>9</td><td>-</td><td>2,527</td><td>1,563</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>34</td><td>52</td><td>212</td><td>3,042</td><td>-</td><td>540</td><td>1,121</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>-</td><td>3</td><td>25</td><td>-</td><td>500</td><td>93</td></tr><tr><td>Total funds applied to operations</td><td>110</td><td>52</td><td>216</td><td>3,076</td><td>-</td><td>3,567</td><td>2,777</td></tr><tr><th colspan="8">FUNDS PROVIDED BY OPERATIONS</th></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>514</td><td>7,664</td><td>-</td><td>-</td><td>1</td><td>1,302</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>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>23</td></tr><tr><td>Total realization of assets</td><td>514</td><td>7,665</td><td>-</td><td>-</td><td>1</td><td>1,303</td><td>23</td></tr><tr><td>Capital stock issued to the public</td><td>108</td><td>582</td><td>213</td><td>3,226</td><td>3</td><td>268</td><td>2,358</td></tr><tr><td>Decrease in selected working capital</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>625</td><td>8,248</td><td>213</td><td>3,226</td><td>4</td><td>1,571</td><td>2,381</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-515</td><td>-8,195</td><td>3</td><td>-150</td><td>-4</td><td>1,996</td><td>396</td></tr><tr><th colspan="8">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>2,000</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>226</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>2,226</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>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>1,996</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>1,996</td><td>2,226</td></tr><tr><th colspan="8">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 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>50</td><td>-</td><td>-</td><td>1,129</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>50</td><td>-</td><td>-</td><td>1,129</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>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>515</td><td>8,195</td><td>-</td><td>100</td><td>4</td><td>-</td><td>701</td></tr><tr><td>Total funds applied to financing</td><td>515</td><td>8,195</td><td>-</td><td>150</td><td>4</td><td>-</td><td>1,831</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-515</td><td>-8,195</td><td>3</td><td>-150</td><td>-4</td><td>1,996</td><td>396</td></tr></table>
(Continued on following page)
105
January 1960
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Bureau of Reclamation - (Continued) Upper Colorado River Basin fund</th><th>Bureau of Mines Development and operation of helium properties</th><th>Bureau of Commercial Fisheries Fisheries loan fund</th><th>Office of Territories Aleoka Railroad revolving fund</th><th>Loane to private trading enterprises</th><th>Virgin Islands Corporation</th><th>Expansion of defense production</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>-</td><td>-</td><td>1,309</td><td>-</td><td>96</td><td>7</td><td>1,471</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>614</td><td>-</td><td>4,198</td><td>-</td><td>1,152</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>47,431</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>47,431</td><td>614</td><td>1,309</td><td>4,198</td><td>96</td><td>1,159</td><td>1,471</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>29</td><td>3,830</td><td>220</td><td>12,552</td><td>-</td><td>3,022</td><td>1,128</td></tr><tr><td>Increase in selected working capital.</td><td>7,635</td><td>1,004</td><td>40</td><td>425</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>55,095</td><td>5,448</td><td>1,568</td><td>17,174</td><td>96</td><td>4,181</td><td>2,599</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>-</td><td>-</td><td>664</td><td>-</td><td>142</td><td>21</td><td>619</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>3</td><td>-</td><td>1</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>1,951</td><td>-</td><td>-</td><td>93</td><td>-</td><td>22</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>1,951</td><td>3</td><td>664</td><td>94</td><td>142</td><td>43</td><td>619</td></tr><tr><td>Capital stock issued to the public.</td><td>5</td><td>6,825</td><td>219</td><td>14,143</td><td>10</td><td>2,992</td><td>70</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>80</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>1,956</td><td>6,828</td><td>884</td><td>14,237</td><td>152</td><td>3,115</td><td>689</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>53,139</td><td>-1,380</td><td>684</td><td>2,937</td><td>-56</td><td>1,066</td><td>1,911</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increases 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>130</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>913</td><td>2,000</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>68,033</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>68,033</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,043</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></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>-</td><td>-</td><td>684</td><td>2,937</td><td>144</td><td>23</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>68,033</td><td>-</td><td>684</td><td>2,937</td><td>144</td><td>1,066</td><td>2,000</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>-</td><td>-</td><td>-</td><td>-</td><td>167</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>3</td><td>-</td><td>-</td><td>-</td><td>33</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>3</td><td>-</td><td>-</td><td>-</td><td>200</td><td>-</td><td>-</td></tr><tr><td>Increase 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>-</td><td>89</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>14,891</td><td>1,380</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>14,895</td><td>1,380</td><td>-</td><td>-</td><td>200</td><td>-</td><td>89</td></tr><tr><td>Net effect of financing (excess of funds applied (-) or provided).</td><td>53,139</td><td>-1,380</td><td>684</td><td>2,937</td><td>-56</td><td>1,066</td><td>1,911</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
106
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Labor Dept. Bureau of Employment Security Farm labor supply revolving fund</th><th>Post Office Department Postal fund</th><th>Office of the Secretary Reconstruction Finance Corporation liquidation fund</th><th>Civil defense loans</th><th>Treasury Department Bureau of Accounts Fund for payment of Government losses in shipment</th><th>Office of the Treasurer Treasurer of the U.S., check forgery insurance fund</th><th>Expansion of defense production</th></tr><tr><td>FUNDS APPLIED TO OPERATIONS</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>409</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>-</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</td><td>-</td><td>-</td><td>409</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>3,328</td><td>3,678,845</td><td>149</td><td>18</td><td>47</td><td>227</td><td>4,580</td></tr><tr><td>Increase in selected working capital</td><td>72</td><td>176,435</td><td>277</td><td>*</td><td>-</td><td>18</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>3,400</td><td>3,855,280</td><td>835</td><td>18</td><td>47</td><td>245</td><td>4,580</td></tr><tr><td>FUNDS PROVIDED BY OPERATIONS</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>-</td><td>10,445</td><td>102</td><td>-</td><td>-</td><td>11,453</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>10,445</td><td>102</td><td>-</td><td>-</td><td>11,453</td></tr><tr><td>Capital stock issued to the public</td><td>6,299</td><td>3,081,393</td><td>1,745</td><td>66</td><td>3</td><td>227</td><td>8,999</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18</td><td>-</td><td>854</td></tr><tr><td>Total funds provided by operations</td><td>6,299</td><td>3,081,393</td><td>12,190</td><td>168</td><td>21</td><td>227</td><td>21,307</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-2,899</td><td>773,887</td><td>-11,355</td><td>-150</td><td>27</td><td>18</td><td>-16,727</td></tr><tr><td>FUNDS PROVIDED BY FINANCING</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>-</td><td>605,184</td><td>-</td><td>100</td><td>-</td><td>-</td><td>16,010</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>50</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U.S. Government</td><td>-</td><td>605,184</td><td>-</td><td>100</td><td>50</td><td>-</td><td>16,010</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>168,703</td><td>1,020</td><td>-</td><td>-</td><td>18</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>773,887</td><td>1,020</td><td>100</td><td>50</td><td>18</td><td>16,010</td></tr><tr><td>FUNDS APPLIED TO FINANCING</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>250</td><td>-</td><td>-</td><td>31,870</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>1,667</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>12,375</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>1,667</td><td>-</td><td>12,375</td><td>250</td><td>-</td><td>-</td><td>31,870</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>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>1,232</td><td>-</td><td>-</td><td>*</td><td>23</td><td>-</td><td>867</td></tr><tr><td>Total funds applied to financing</td><td>2,899</td><td>-</td><td>12,375</td><td>250</td><td>23</td><td>-</td><td>32,737</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-2,899</td><td>773,887</td><td>-11,355</td><td>-150</td><td>27</td><td>18</td><td>-16,727</td></tr></table>
Footnotes at end of Section.
January 1960
107
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1959
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</th><th>General Services Administration</th><th>General</th></tr><tr><th></th><th></th><th></th><th>Investigations</th><th>Supply fund</th><th>Administrative expenses, foreign aid procurements</th><th>Buildings management fund</th><th>supply 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>-</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>35,360</td><td>1,592</td><td>2</td><td>-</td><td>2</td><td>294</td><td>6,888</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>66</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>35,429</td><td>1,592</td><td>2</td><td>24</td><td>2</td><td>294</td><td>6,888</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>1,434,329</td><td>90,946</td><td>9,273</td><td>134,739</td><td>1,044</td><td>239,312</td><td>290,742</td></tr><tr><td>Increases in selected working capital</td><td>64,867</td><td>3,329</td><td>-</td><td>15,935</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>1,534,625</td><td>95,866</td><td>9,275</td><td>150,697</td><td>1,046</td><td>239,606</td><td>297,631</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>-</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>3,728</td><td>9</td><td>4</td><td>-</td><td>-</td><td>7</td><td>1,051</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>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>3,757</td><td>9</td><td>4</td><td>-</td><td>-</td><td>7</td><td>1,051</td></tr><tr><td>Capital stock issued to the public</td><td>1,458,177</td><td>96,396</td><td>9,193</td><td>138,866</td><td>1,909</td><td>240,301</td><td>284,014</td></tr><tr><td>Income</td><td>26,002</td><td>-</td><td>123</td><td>-</td><td>155</td><td>3,710</td><td>13,367</td></tr><tr><td>Decreases 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>1,487,936</td><td>96,405</td><td>9,320</td><td>138,866</td><td>2,064</td><td>244,018</td><td>298,432</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>46,689</td><td>-539</td><td>-44</td><td>11,831</td><td>-1,018</td><td>-4,412</td><td>-802</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>21,250</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,250</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>21,250</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,250</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>Decreases 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>63,468</td><td>4,000</td><td>-</td><td>11,864</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>84,718</td><td>4,000</td><td>-</td><td>11,864</td><td>-</td><td>-</td><td>21,250</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, reenclined, 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>11,177</td><td>4,539</td><td>5</td><td>33</td><td>-</td><td>398</td><td>2,172</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>11,177</td><td>4,539</td><td>5</td><td>33</td><td>-</td><td>398</td><td>2,172</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>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>26,852</td><td>-</td><td>39</td><td>-</td><td>1,018</td><td>4,014</td><td>19,880</td></tr><tr><td>Total funds applied to financing</td><td>38,029</td><td>4,539</td><td>44</td><td>33</td><td>1,018</td><td>4,412</td><td>22,052</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>46,689</td><td>-539</td><td>-44</td><td>11,831</td><td>-1,018</td><td>-4,412</td><td>-802</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
108
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">General Services Administration - (Continued)</th><th colspan="2">Agriculture Department</th><th colspan="2">Commerce Department</th></tr><tr><th></th><th>Construction services, public buildings</th><th>Working capital fund</th><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</th></tr><tr><td colspan="7">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made. Cost of security or collateral acquired. Purchase, construction, or improvement of fixed assets. Purchase of securities other than public debt and issues of wholly owned Government enterprises. Other.</td><td>-</td><td>42</td><td>81</td><td>3,700</td><td>63</td><td>2,805</td></tr><tr><td>Total acquisition of assets.</td><td>-</td><td>42</td><td>81</td><td>3,700</td><td>63</td><td>2,846</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>2,271</td><td>1,077</td><td>3,316</td><td>11,542</td><td>2,975</td><td>30,509</td></tr><tr><td>Increases in selected working capital.</td><td>112</td><td>37</td><td>-</td><td>-</td><td>25</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>2,384</td><td>1,156</td><td>3,397</td><td>15,242</td><td>3,063</td><td>33,355</td></tr><tr><td colspan="7">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans. Sale of acquired security or collateral. Sale of fixed assets. Sale of securities other than public debt and issues of wholly owned Government enterprises. Other.</td><td>-</td><td>1</td><td>19</td><td>664</td><td>1</td><td>23</td></tr><tr><td>Total realisation of assets.</td><td>-</td><td>1</td><td>19</td><td>664</td><td>1</td><td>29</td></tr><tr><td>Capital stock issued to the public. Income. Decrease in selected working capital.</td><td>2,361</td><td>1,109</td><td>3,355</td><td>14,932</td><td>3,029</td><td>32,568</td></tr><tr><td>Total funds provided by operations.</td><td>2,361</td><td>1,109</td><td>3,374</td><td>15,681</td><td>3,031</td><td>33,879</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>22</td><td>47</td><td>-110</td><td>-439</td><td>32</td><td>-524</td></tr><tr><td colspan="7">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government: Appropriations enacted. Borrowings from the U. S. Treasury. Capital and surplus advances from the U. S. Treasury. Other.</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></tr><tr><td>Increase in other borrowings. Decrease in investment holdings. Decrease in selected cash and fund balances.</td><td>-</td><td>56</td><td>-</td><td>-</td><td>32</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>22</td><td>56</td><td>-</td><td>-</td><td>32</td><td>-</td></tr><tr><td colspan="7">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decreases in investment of the U. S. Government: Appropriations lapsed, rescinded, or transferred. Repayment of borrowings from the U. S. Treasury. Repayment of capital and surplus advances from the U. S. Treasury. Distribution of earnings to the U. S. Treasury. General and special fund revenues deposited. Other.</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>20</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>20</td></tr><tr><td>Decrease in borrowings from the public. Increase in investment holdings. Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>110</td><td>439</td><td>-</td><td>504</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>10</td><td>110</td><td>439</td><td>-</td><td>524</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>22</td><td>47</td><td>-110</td><td>-439</td><td>32</td><td>-84</td></tr></table>
(Continued on following page)
January 1960
109
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">Defense Department</th><th colspan="4">Heath, Education, and Welfare Department</th><th rowspan="2">Interior Department Office of the Secretary Working capital fund</th><th rowspan="2">Justice Department Federal Prison Industries, Inc.</th></tr><tr><th>Air Force Department Industrial fund</th><th>Army Department Corps of Engineers</th><th>Office of the Secretary Working capital fund</th><th>Public Health Service Service and supply fund</th><th>Narcotic hospitals Working capital fund</th></tr><tr><td colspan="9"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets: Loans made.</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></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>15,722</td><td>31</td><td>22</td><td>26</td><td>13</td><td>1,418</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>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>-</td><td>15,722</td><td>36</td><td>22</td><td>26</td><td>13</td><td>1,418</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>291,462</td><td>229,728</td><td>1,438</td><td>5,554</td><td>595</td><td>1,782</td><td>26,308</td></tr><tr><td>Increase in selected working capital.</td><td>41,842</td><td>-</td><td>4</td><td>-</td><td>42</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>333,305</td><td>245,450</td><td>1,478</td><td>5,576</td><td>664</td><td>1,795</td><td>27,726</td></tr><tr><td colspan="9"><b>FUNDS PROVIDED BY OPERATIONS</b></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><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><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>1,779</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>3</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>-</td><td>1,779</td><td>*</td><td>*</td><td>3</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>293,918</td><td>235,143</td><td>1,489</td><td>5,420</td><td>645</td><td>1,793</td><td>31,184</td></tr><tr><td>Income.</td><td>-</td><td>-</td><td>-</td><td>358</td><td>-</td><td>-</td><td>1,016</td></tr><tr><td>Decreases in selected working capital.</td><td>-</td><td>5,115</td><td>-</td><td>-</td><td>-</td><td>38</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>293,918</td><td>242,037</td><td>1,489</td><td>5,778</td><td>648</td><td>1,831</td><td>32,200</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>39,387</td><td>3,413</td><td>-11</td><td>-202</td><td>15</td><td>-36</td><td>-4,474</td></tr><tr><td colspan="9"><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><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>-</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><td>-</td></tr><tr><td>Decreases in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decreases in selected cash and fund balances.</td><td>39,387</td><td>3,413</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>39,387</td><td>3,413</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="9"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decreases 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 lapsed, 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>-</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></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>4,000</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>-</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>4,000</td><td>-</td></tr><tr><td>Decreases 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>-</td><td>11</td><td>202</td><td>-</td><td>36</td><td>474</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>11</td><td>202</td><td>-</td><td>36</td><td>4,474</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>-</td><td>11</td><td>202</td><td>-</td><td>36</td><td>4,474</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>39,387</td><td>3,413</td><td>-11</td><td>-202</td><td>15</td><td>-36</td><td>-4,474</td></tr></table>
Footnotes at end of Section
(Continued on following page)
110
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II
Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Lebor Department Office of the Secretary Working capital fund</th><th>Bureau of Engraving and Printing</th><th colspan="2">Treasury Department United States Coast Guard</th></tr><tr><th></th><th></th><th></th><th>Supply fund</th><th>Yard fund</th></tr><tr><td colspan="5">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loane made.................</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></tr><tr><td>Purchase, construction, or improvement of fixed assets.....................</td><td>25</td><td>2,404</td><td>-</td><td>165</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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.....................</td><td>25</td><td>2,404</td><td>-</td><td>165</td></tr><tr><td>Operating and other expensee (excluding depreciation).....................</td><td>1,102</td><td>27,428</td><td>16,051</td><td>13,171</td></tr><tr><td>Increase in selected working capital.....................</td><td>-</td><td>-</td><td>-</td><td>3,541</td></tr><tr><td>Total funds applied to operations.....................</td><td>1,128</td><td>29,832</td><td>16,051</td><td>16,878</td></tr><tr><td colspan="5">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.....................</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></tr><tr><td>Sale of fixed assets.....................</td><td>1</td><td>165</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></tr><tr><td>Other.....................</td><td>-</td><td>20</td><td>*</td><td>-</td></tr><tr><td>Total realization of assets.....................</td><td>1</td><td>185</td><td>*</td><td>-</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>1,122</td><td>27,987</td><td>15,834</td><td>13,561</td></tr><tr><td>Decrease in selected working capital.....................</td><td>45</td><td>510</td><td>6</td><td>-</td></tr><tr><td>Total funds provided by operations.....................</td><td>1,169</td><td>28,682</td><td>15,840</td><td>13,561</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).....................</td><td>-41</td><td>1,150</td><td>211</td><td>3,317</td></tr><tr><td colspan="5">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></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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.....................</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></tr><tr><td>Decrease in selected cash and fund balances.....................</td><td>-</td><td>1,150</td><td>211</td><td>3,317</td></tr><tr><td>Total funds provided by financing.....................</td><td>-</td><td>1,150</td><td>211</td><td>3,317</td></tr><tr><td colspan="5">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></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>-</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></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>-</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></tr><tr><td>Increase in investment holdings.....................</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.....................</td><td>41</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.....................</td><td>41</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).....................</td><td>-41</td><td>1,150</td><td>211</td><td>3,317</td></tr></table>
Footnotes at end of Section
January 1960
111
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 4.- Certain Other Activities (In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th colspan="2">International Cooperation Administration</th><th>Export-Import Bank of Washington</th><th>Veterans' Administration</th><th>General Services Administration</th><th>Agriculture Department</th></tr><tr><th></th><th></th><th>U. S. dollar loans</th><th>Foreign currency loans</th><th>Foreign currency loans 1/</th><th>Loan guaranty program</th><th>Public Works Administration (to liquidation)</th><th>Farmer's Home Administration</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td>635,288</td><td>36,053</td><td>-</td><td>11,184</td><td>679</td><td>-</td><td>279,134</td></tr><tr><td>Loans made</td><td>106</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>106</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>48,893</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>191</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>1,375,000</td><td>18,587</td><td>9,259</td><td>-</td><td>193,975</td><td>-</td><td>187</td></tr><tr><td>Other</td><td>222,995</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>2,282,281</td><td>54,640</td><td>9,259</td><td>11,184</td><td>194,655</td><td>-</td><td>279,617</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>373,688</td><td>22,107</td><td>-</td><td>1</td><td>10,980</td><td>-</td><td>43,181</td></tr><tr><td>Increase in selected working capital</td><td>26,333</td><td>6,020</td><td>2,936</td><td>43,134</td><td>2,708</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>2,752,303</td><td>80,768</td><td>12,215</td><td>54,319</td><td>208,342</td><td>-</td><td>322,798</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td>431,601</td><td>23,008</td><td>57</td><td>-</td><td>13,780</td><td>1,199</td><td>208,647</td></tr><tr><td>Repayment of loans</td><td>242</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>242</td></tr><tr><td>Sale of acquired security or collateral</td><td>8,345</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28</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>407,968</td><td>-</td><td>-</td><td>-</td><td>93,337</td><td>-</td><td>317</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>848,157</td><td>23,008</td><td>57</td><td>-</td><td>107,617</td><td>1,199</td><td>209,234</td></tr><tr><td>Capital stock issued to the public</td><td>845,419</td><td>33,930</td><td>12,157</td><td>328</td><td>10,256</td><td>2,011</td><td>34,587</td></tr><tr><td>Income</td><td>28,070</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td><td>4,172</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>1,721,645</td><td>56,939</td><td>12,215</td><td>328</td><td>117,873</td><td>3,250</td><td>247,992</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>1,030,657</td><td>23,829</td><td>-</td><td>53,991</td><td>90,469</td><td>-3,250</td><td>74,806</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td>359,615</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31,159</td></tr><tr><td>Appropriations enacted</td><td>576,843</td><td>343</td><td>-</td><td>-</td><td>-</td><td>-</td><td>281,500</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>1,566,632</td><td>3,250</td><td>-</td><td>54,055</td><td>120,938</td><td>-</td><td>3</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>2,503,090</td><td>3,593</td><td>-</td><td>54,055</td><td>120,938</td><td>-</td><td>312,663</td></tr><tr><td>Increase in other borrowings</td><td>46</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>97,948</td><td>44,635</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>2,561,084</td><td>48,228</td><td>-</td><td>54,055</td><td>120,938</td><td>-</td><td>312,663</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td>597</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>96</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>361,089</td><td>24,399</td><td>-</td><td>-</td><td>-</td><td>-</td><td>237,264</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>353,020</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>595,773</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>127,588</td><td>-</td><td>-</td><td>64</td><td>29,128</td><td>3,250</td><td>398</td></tr><tr><td>Other</td><td>2,023</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>1,440,090</td><td>24,399</td><td>-</td><td>64</td><td>29,128</td><td>3,250</td><td>237,660</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>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>90,337</td><td>-</td><td>-</td><td>-</td><td>1,342</td><td>-</td><td>197</td></tr><tr><td>Total funds applied to financing</td><td>1,530,127</td><td>24,399</td><td>-</td><td>64</td><td>30,469</td><td>3,250</td><td>237,857</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>1,030,657</td><td>23,829</td><td>-</td><td>53,991</td><td>90,469</td><td>-3,250</td><td>74,806</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
112
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
- Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Agriculture Department (Continued)</th><th>Commerce Department</th><th>HEW Department Office of Education</th><th colspan="3">Interior Department</th><th>Treasury Department</th></tr><tr><th></th><th>Rural Electrification Administration</th><th>Maritime activities</th><th>Loans to students (World War II)</th><th>Bonneville Power Administration</th><th>Southeastern Power Administration</th><th>Southwestern Power Administration</th><th>Miscellaneous loans and certain other assets</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>304,987</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,250</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>29,597</td><td>-</td><td>18,734</td><td>11</td><td>360</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>1,070</td><td>-</td><td>-83</td><td>-</td><td>-</td><td>1,375,000</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 depreciation)</td><td>304,987</td><td>30,667</td><td>-</td><td>18,651</td><td>11</td><td>360</td><td>1,378,250</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>65,607</td><td>199,930</td><td>-</td><td>18,773</td><td>2,346</td><td>10,763</td><td>-</td></tr><tr><td>Increase in selected working capital</td><td>7,425</td><td>-</td><td>-</td><td>1,155</td><td>-</td><td>133</td><td>34,803</td></tr><tr><td>Total funds applied to operations</td><td>378,019</td><td>230,597</td><td>-</td><td>38,579</td><td>2,357</td><td>11,256</td><td>1,433,053</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>105,141</td><td>28,455</td><td>50</td><td>-</td><td>-</td><td>-</td><td>51,264</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>8,318</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>8,738</td><td>-</td><td>6</td><td>-</td><td>113</td><td>304,956</td></tr><tr><td>Total realization of assets</td><td>105,141</td><td>45,511</td><td>50</td><td>6</td><td>-</td><td>113</td><td>356,221</td></tr><tr><td>Capital stock issued to the public</td><td>57,467</td><td>11,322</td><td>6</td><td>68,078</td><td>14,928</td><td>14,534</td><td>585,815</td></tr><tr><td>Income</td><td>-</td><td>20,860</td><td>12</td><td>-</td><td>2,986</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>162,608</td><td>77,692</td><td>68</td><td>68,084</td><td>17,914</td><td>14,647</td><td>942,036</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>215,412</td><td>152,905</td><td>-68</td><td>-29,505</td><td>-15,557</td><td>-3,391</td><td>471,017</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>8,976</td><td>286,908</td><td>-</td><td>30,435</td><td>735</td><td>1,402</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>295,000</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>595</td><td>1,581</td><td>-</td><td>9,250</td><td>1,959</td><td>-</td><td>1,375,000</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>304,571</td><td>288,489</td><td>-</td><td>39,685</td><td>2,694</td><td>1,402</td><td>1,375,000</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>46</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>10,312</td><td>-</td><td>-</td><td>-</td><td>90</td><td>2,911</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>314,883</td><td>288,535</td><td>-</td><td>39,685</td><td>2,785</td><td>4,313</td><td>1,375,000</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, reacinded, or transferred</td><td>43</td><td>112</td><td>-</td><td>10</td><td>336</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>99,428</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>50</td><td>-</td><td>-</td><td>-</td><td>352,971</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>19</td><td>44,742</td><td>-</td><td>-</td><td>551,012</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>49,287</td><td>-</td><td>21,871</td><td>16,047</td><td>7,703</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,959</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>99,472</td><td>49,399</td><td>68</td><td>66,623</td><td>18,342</td><td>7,703</td><td>903,983</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>86,230</td><td>-</td><td>2,567</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>99,472</td><td>135,629</td><td>68</td><td>69,190</td><td>18,342</td><td>7,703</td><td>903,983</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>215,412</td><td>152,905</td><td>-68</td><td>-29,505</td><td>-15,557</td><td>-3,391</td><td>471,017</td></tr></table>
January 1960
113
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1950
Table 5.- Certain Deposit Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th colspan="2">Farm Credit Administration</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board</th></tr><tr><th></th><th></th><th>Banks for cooperatives</th><th>Federal intermediate credit banks 16/</th><th></th><th>Federal home loan banks</th></tr><tr><td colspan="6">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made....................</td><td>5,593,986</td><td>655,828</td><td>3,315,781</td><td>*</td><td>1,622,376</td></tr><tr><td>Cost of security or collateral acquired....</td><td>34</td><td>34</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></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>7,366</td><td>268</td><td>4,371</td><td>2,727</td><td>-</td></tr><tr><td>Total acquisition of assets....................</td><td>5,601,385</td><td>656,130</td><td>3,320,151</td><td>2,727</td><td>1,622,376</td></tr><tr><td>Operating and other expenses (excluding depreciation)....................</td><td>123,037</td><td>14,145</td><td>40,678</td><td>11,738</td><td>56,477</td></tr><tr><td>Increase in selected working capital........</td><td>337,815</td><td>-</td><td>1,542</td><td>-</td><td>336,273</td></tr><tr><td>Total funds applied to operations............</td><td>6,062,237</td><td>670,275</td><td>3,362,371</td><td>14,465</td><td>2,015,127</td></tr><tr><td colspan="6">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans....................</td><td>4,550,688</td><td>540,328</td><td>2,995,480</td><td>113</td><td>1,014,767</td></tr><tr><td>Sale of acquired security or collateral....</td><td>173</td><td>172</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Sale of fixed assets....................</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></tr><tr><td>Other....................</td><td>17,090</td><td>1,988</td><td>11,303</td><td>3,800</td><td>-</td></tr><tr><td>Total realization of assets....................</td><td>4,567,951</td><td>542,488</td><td>3,006,783</td><td>3,914</td><td>1,014,767</td></tr><tr><td>Capital stock issued to the public............</td><td>103,535</td><td>2,736</td><td>4,370</td><td>-</td><td>96,429</td></tr><tr><td>Income....................</td><td>266,140</td><td>21,768</td><td>48,388</td><td>131,681</td><td>64,203</td></tr><tr><td>Decrease in selected working capital........</td><td>4,256</td><td>433</td><td>-</td><td>3,822</td><td>-</td></tr><tr><td>Total funds provided by operations............</td><td>4,941,781</td><td>567,625</td><td>3,059,541</td><td>139,436</td><td>1,175,399</td></tr><tr><td>Net effect of operations on expenditure (excess of funds applied, or provided (-))....................</td><td>1,120,456</td><td>102,850</td><td>302,830</td><td>-124,952</td><td>839,728</td></tr><tr><td colspan="6">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></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>4,276,909</td><td>971,634</td><td>2,232,275</td><td>-</td><td>1,073,000</td></tr><tr><td>Decrease in investment holdings............</td><td>2,580,929</td><td>-</td><td>-</td><td>299,550</td><td>2,281,379</td></tr><tr><td>Decrease in selected cash and fund balances....................</td><td>6,219</td><td>4,254</td><td>1,965</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing....................</td><td>6,864,057</td><td>975,888</td><td>2,234,240</td><td>299,550</td><td>3,354,379</td></tr><tr><td colspan="6">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></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>8,459</td><td>8,459</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></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>8,459</td><td>8,459</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public............</td><td>3,327,549</td><td>864,579</td><td>1,926,395</td><td>-</td><td>536,575</td></tr><tr><td>Increase in investment holdings............</td><td>2,388,048</td><td>-</td><td>5,015</td><td>423,150</td><td>1,959,883</td></tr><tr><td>Increase in selected cash and fund balances....................</td><td>19,544</td><td>-</td><td>-</td><td>1,352</td><td>18,193</td></tr><tr><td>Total funds applied to financing....................</td><td>5,773,601</td><td>873,038</td><td>1,931,410</td><td>424,502</td><td>2,514,651</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)....................</td><td>1,120,456</td><td>102,850</td><td>302,830</td><td>-124,952</td><td>839,728</td></tr></table>
Footnotes at end of Section
114
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1959
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 12/18/</th><th>Civil Service Commission Employees' life insurance fund</th><th>General Services Administration</th><th>Housing and Home Finance Agency</th><th>Agriculture Department</th><th>Defense Department</th><th>Justice Department</th></tr><tr><th></th><th></th><th></th><th>National Archives trust fund</th><th>Federal National Mortgage Association</th><th>Farmers' Home Administration</th><th>Army Department</th><th>Federal Prison System</th></tr><tr><th></th><th></th><th></th><th></th><th>Secondary market operations</th><th>State rural rehabilitation funds</th><th>United States Soldiers' Home revolving fund</th><th>Commissary funds, Federal prisons</th></tr><tr><td>FUNDS APPLIED TO OPERATIONS</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>315,012</td><td>-</td><td>-</td><td>302,097</td><td>12,916</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>2</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>64</td><td>2</td><td>5</td><td>-</td><td>-</td><td>-</td><td>57</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>8</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>315,087</td><td>2</td><td>5</td><td>302,097</td><td>12,926</td><td>-</td><td>57</td></tr><tr><td>Operating and other expense (excluding depreciation)</td><td>146,390</td><td>79,562</td><td>141</td><td>63,455</td><td>1,263</td><td>98</td><td>1,871</td></tr><tr><td>Increase in selected working capital</td><td>11,785</td><td>-</td><td>5</td><td>11,780</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>473,261</td><td>79,564</td><td>151</td><td>377,331</td><td>14,190</td><td>98</td><td>1,927</td></tr><tr><td>FUNDS PROVIDED BY OPERATIONS</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>132,889</td><td>-</td><td>-</td><td>124,954</td><td>7,935</td><td>-</td><td>*</td></tr><tr><td>Sale of acquired security or collateral</td><td>6</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>8</td><td>-</td><td>-</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>19</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>132,923</td><td>-</td><td>-</td><td>124,954</td><td>7,969</td><td>-</td><td>*</td></tr><tr><td>Capital stock issued to the public</td><td>6,410</td><td>-</td><td>-</td><td>6,410</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income</td><td>211,155</td><td>137,474</td><td>156</td><td>70,482</td><td>1,079</td><td>108</td><td>1,856</td></tr><tr><td>Decrease in selected working capital</td><td>756</td><td>468</td><td>-</td><td>159</td><td>-</td><td>*</td><td>129</td></tr><tr><td>Total funds provided by operations</td><td>351,244</td><td>137,942</td><td>156</td><td>201,846</td><td>9,207</td><td>108</td><td>1,985</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>122,017</td><td>-58,378</td><td>-5</td><td>175,485</td><td>4,982</td><td>-10</td><td>-57</td></tr><tr><td>FUNDS PROVIDED BY FINANCING</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>307,312</td><td>-</td><td>-</td><td>307,312</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>307,312</td><td>-</td><td>-</td><td>307,312</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>1,040,000</td><td>-</td><td>-</td><td>1,040,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>15,359</td><td>-</td><td>-</td><td>15,359</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>16,686</td><td>-</td><td>97</td><td>9,013</td><td>7,576</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>1,379,357</td><td>-</td><td>97</td><td>1,371,684</td><td>7,576</td><td>-</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></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>265,781</td><td>-</td><td>-</td><td>265,781</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>265,781</td><td>-</td><td>-</td><td>265,781</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>915,060</td><td>-</td><td>102</td><td>915,060</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>76,031</td><td>57,978</td><td>-</td><td>15,357</td><td>2,594</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>468</td><td>400</td><td>-</td><td>-</td><td>-</td><td>10</td><td>57</td></tr><tr><td>Total funds applied to financing</td><td>1,257,340</td><td>58,378</td><td>102</td><td>1,196,198</td><td>2,594</td><td>10</td><td>57</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>122,017</td><td>-58,378</td><td>-5</td><td>175,485</td><td>4,982</td><td>-10</td><td>-57</td></tr></table>
Footnotes at end of Section.
January 1960
115
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Sections II and III
1/ Statements of income and expense and 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 December 1959 Bulletin.
2/ The Office of Civil and Defense Mobilization civil defense procurement fund, shown in the December 1959 Bulletin on page 79, did not have any net income or expense during the fiscal year 1959.
3/ The Federal intermediate credit banks investment fund and the production credit associations investment fund, shown under this heading on page 80 of the December 1959 Bulletin, did not have any income or expense during the fiscal year 1959.
4/ Home Owners' Loan Corporation (Liquidated), shown under this heading on page 81 of the December 1959 Bulletin, did not have any income or expense during the fiscal year 1959.
5/ Represents interest on the net direct investment of the United States Government in this Corporation.
6/ Represents interest on funds advanced to the Administration by appropriations.
7/ Interest and other expenses during the construction period are capitalized.
8/ Represents net income of $50,830 thousand from power operations, and net loss of $13,170 thousand from nonincome-producing programs during the Fiscal year 1959.
9/ The funds shown under this heading have been discontinued in accordance with Public Law 85-386, approved September 2, 1958 (72 Stat. 1709). Figures represent operations of the funds during the fiscal year, prior to the date of discontinuance. Operations are now being carried on through the buildings management fund.
10/ The accumulated net income or deficit is included with the equity of the United States Government and cannot be segregated.
11/ Includes interest expense of $2,500 thousand on capital stock.
12/ Includes operating and administrative expenses funds.
13/ Includes interest expense of $173 thousand on advances from appropriations and on paid-in capital.
14/ The operating deficit as of June 30, 1958, 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 1959.
15/ Represents the Cooley loan program established pursuant to the act approved August 13, 1957 (Public Law 85-128).
16/ Trust funds classified as a noncash fund.
17/ Statements of income and expense and 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 December 1959 Bulletin. Certain other activities are included in this Section only on a fiscal year basis at the present time.
18/ The Federal intermediate credit banks, formerly included in this table, are now included in Table 5. In accordance with Section 201 (b) of the Farm Credit Act of 1956 (12 U.S.C. 1027) effective January 1, 1959, the banks are now classified as a deposit fund (see Trust Account and Other Transactions," Table 3, footnote 3).
19/ Excludes noncash transactions amounting to $2,029,337 thousand (see footnotes 20 and 21).
20/ Excludes $52,919 thousand representing noncash transactions relating to guaranteed loans.
21/ Excludes noncash transactions amounting to $1,976,418 thousand representing loans exchanged for commodities.
22/ Defended production guarantees, shown under this heading on page 86 of the December 1959 Bulletin, did not have any funds applied or provided during the fiscal year 1959.
* Less than $500.
r Revised.
116
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
February 1959 through January 1960
<table><tr><th></th><th colspan="12">Issue and page number</th></tr><tr><th></th><th colspan="12">1959</th><th>1960</th></tr><tr><th></th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th></tr><tr><td>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><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><td></td></tr><tr><td>Treasury financing operations</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal sources</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Expenditures by agencies and authorizations, expenditures</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Expenditures by agencies</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td></tr><tr><td>Expenditures and balances by functions</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><td>6</td></tr><tr><td>Trust account and other transactions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of trust account and other transactions</td><td>8</td><td>8</td><td>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>Trust account receipts</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><td>9</td></tr><tr><td>Trust and deposit fund account expenditures</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Net investment by Government agencies in public debt securities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net redemption or sale of obligations of Government agencies in the market</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>12</td><td>...</td><td>...</td><td>12</td><td>...</td><td>12</td><td>...</td><td>12</td><td>...</td><td>12</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Federal Disability Insurance Trust Fund</td><td>13</td><td>...</td><td>...</td><td>14</td><td>...</td><td>13</td><td>...</td><td>13</td><td>...</td><td>13</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Unemployment Trust Fund</td><td>13</td><td>...</td><td>...</td><td>13</td><td>...</td><td>14</td><td>...</td><td>14</td><td>...</td><td>14</td><td>...</td><td>...</td><td>...</td></tr><tr><td>National Service Life Insurance Fund</td><td>14</td><td>...</td><td>...</td><td>14</td><td>...</td><td>15</td><td>...</td><td>15</td><td>...</td><td>15</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Investment of specified trust accounts in public debt securities by issue (latest date September 30, 1959)</td><td>15</td><td>...</td><td>...</td><td>15</td><td>...</td><td>16</td><td>...</td><td>16</td><td>...</td><td>16</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Cash income and outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of Federal Government cash transactions with the public</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>18</td><td>13</td><td>13</td><td>18</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Summary of cash transactions through Treasurer's account</td><td>17</td><td>13</td><td>13</td><td>17</td><td>13</td><td>13</td><td>18</td><td>13</td><td>13</td><td>18</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Derivation of Federal receipts from the public, and reconciliation to cash deposits in Treasurer's account</td><td>18</td><td>14</td><td>14</td><td>19</td><td>14</td><td>14</td><td>19</td><td>14</td><td>14</td><td>19</td><td>14</td><td>14</td><td>14</td></tr><tr><td>Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's account</td><td>18</td><td>14</td><td>14</td><td>19</td><td>14</td><td>14</td><td>19</td><td>14</td><td>14</td><td>19</td><td>14</td><td>14</td><td>14</td></tr><tr><td>Intergovernmental transactions</td><td>19</td><td>15</td><td>15</td><td>19</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Accrued interest and other noncash expenditures</td><td>19</td><td>15</td><td>15</td><td>19</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Derivation of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account</td><td>20</td><td>16</td><td>16</td><td>20</td><td>16</td><td>16</td><td>21</td><td>16</td><td>16</td><td>21</td><td>16</td><td>16</td><td>16</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><td></td></tr><tr><td>Status of the account of the Treasurer of the United States</td><td>22</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>23</td><td>18</td><td>18</td><td>23</td><td>18</td><td>18</td><td>18</td></tr><tr><td>Analysis of changes in tax and loan account balances</td><td>23</td><td>19</td><td>19</td><td>23</td><td>19</td><td>19</td><td>24</td><td>19</td><td>19</td><td>24</td><td>19</td><td>19</td><td>19</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><td></td></tr><tr><td>Summary of Federal securities</td><td>24</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>25</td><td>20</td><td>20</td><td>25</td><td>20</td><td>20</td><td>20</td></tr><tr><td>Computed interest charge and rate on Federal securities</td><td>24</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>25</td><td>20</td><td>20</td><td>25</td><td>20</td><td>20</td><td>20</td></tr><tr><td>Interest-bearing public debt</td><td>25</td><td>21</td><td>21</td><td>25</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>21</td></tr><tr><td>Average length and maturity distribution of marketable</td><td></td><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>Interest-bearing public debt</td><td>25</td><td>21</td><td>21</td><td>25</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>21</td></tr><tr><td>Special issues to U.S. Government investment accounts</td><td>26</td><td>22</td><td>22</td><td>26</td><td>22</td><td>22</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>22</td><td>22</td></tr><tr><td>Treasury holdings of securities issued by Government agencies</td><td>27</td><td>23</td><td>23</td><td>27</td><td>23</td><td>23</td><td>28</td><td>23</td><td>23</td><td>28</td><td>23</td><td>23</td><td>23</td></tr><tr><td>Statutory debt limitation</td><td>28</td><td>24</td><td>24</td><td>28</td><td>24</td><td>24</td><td>29</td><td>24</td><td>24</td><td>29</td><td>24</td><td>24</td><td>24</td></tr><tr><td>Public Debt Operations</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturity schedule of interest-bearing public marketable securities</td><td>29</td><td>25</td><td>25</td><td>29</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 other than regular weekly Treasury bills</td><td>...</td><td>...</td><td>...</td><td>...</td><td>25</td><td>25</td><td>30</td><td>25</td><td>25</td><td>30</td><td>25</td><td>25</td><td>25</td></tr><tr><td>Offerings of Treasury bills</td><td>31</td><td>27</td><td>27</td><td>31</td><td>27</td><td>27</td><td>32</td><td>27</td><td>27</td><td>32</td><td>27</td><td>27</td><td>27</td></tr><tr><td>New money financing through Treasury bills</td><td>33</td><td>29</td><td>29</td><td>33</td><td>29</td><td>29</td><td>34</td><td>29</td><td>29</td><td>34</td><td>29</td><td>29</td><td>29</td></tr><tr><td>New offerings of marketable issues of Treasury bonds, notes, and certificates of indebtedness</td><td>35</td><td>31</td><td>31</td><td>35</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Offerings of public marketable securities other than regular weekly Treasury bills</td><td>...</td><td>...</td><td>...</td><td>...</td><td>31</td><td>31</td><td>36</td><td>31</td><td>31</td><td>36</td><td>31</td><td>31</td><td>31</td></tr><tr><td>Allowance by investor classes on subscriptions for marketable issues of Treasury bonds, notes, and certificates of indebtedness</td><td>38</td><td>34</td><td>34</td><td>38</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Allowances by investor classes on subscriptions for public marketable securities other than regular weekly Treasury bills</td><td>...</td><td>...</td><td>...</td><td>...</td><td>34</td><td>35</td><td>40</td><td>35</td><td>35</td><td>40</td><td>35</td><td>35</td><td>35</td></tr><tr><td>Disposition of matured marketable issues of Treasury bonds, notes, and certificates of indebtedness</td><td>40</td><td>36</td><td>36</td><td>40</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Disposition of matured public marketable securities other than regular weekly Treasury bills</td><td>...</td><td>...</td><td>...</td><td>...</td><td>36</td><td>37</td><td>42</td><td>37</td><td>37</td><td>43</td><td>38</td><td>38</td><td>38</td></tr></table>
(Continued on following page)
January 1960
117
CUMULATIVE TABLE OF CONTENTS
February 1959 through January 1960 - (Continued)
<table><tr><th rowspan="2"></th><th colspan="12">Issue and page number</th></tr><tr><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th></tr><tr><td>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>43</td><td>39</td><td>39</td><td>43</td><td>40</td><td>41</td><td>46</td><td>41</td><td>41</td><td>47</td><td>42</td><td>42</td></tr><tr><td>Sales and redemptions by period, all series combined</td><td>43</td><td>39</td><td>39</td><td>43</td><td>40</td><td>41</td><td>46</td><td>41</td><td>42</td><td>47</td><td>42</td><td>42</td></tr><tr><td>Sales and redemptions by series E through K</td><td>44</td><td>40</td><td>40</td><td>44</td><td>41</td><td>42</td><td>47</td><td>42</td><td>42</td><td>48</td><td>47</td><td>43</td></tr><tr><td>Redemptions of matured and unmatured bonds</td><td>45</td><td>42</td><td>42</td><td>46</td><td>43</td><td>44</td><td>49</td><td>44</td><td>44</td><td>50</td><td>45</td><td>45</td></tr><tr><td>Sales and redemptions by denominations, Series E and H combined</td><td>47</td><td>...</td><td>...</td><td>47</td><td>...</td><td>...</td><td>50</td><td>...</td><td>...</td><td>51</td><td>...</td><td>...</td></tr><tr><td>Sales by States, Series E and H combined</td><td>48</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>51</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Ownership of Federal securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution by classes of investors and types of issues</td><td>49</td><td>43</td><td>43</td><td>48</td><td>44</td><td>45</td><td>52</td><td>45</td><td>45</td><td>52</td><td>46</td><td>46</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury</td><td>49</td><td>43</td><td>43</td><td>48</td><td>44</td><td>45</td><td>52</td><td>45</td><td>45</td><td>52</td><td>46</td><td>46</td></tr><tr><td>Estimated ownership</td><td>50</td><td>44</td><td>44</td><td>49</td><td>45</td><td>46</td><td>53</td><td>46</td><td>46</td><td>53</td><td>47</td><td>47</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>51</td><td>45</td><td>45</td><td>50</td><td>46</td><td>47</td><td>54</td><td>47</td><td>47</td><td>54</td><td>48</td><td>48</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date June 30, 1959)</td><td>...</td><td>49</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>51</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Market quotations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues</td><td>55</td><td>53</td><td>49</td><td>54</td><td>50</td><td>51</td><td>58</td><td>55</td><td>51</td><td>58</td><td>52</td><td>52</td></tr><tr><td>Chart - Yields of Treasury securities</td><td>57</td><td>55</td><td>51</td><td>56</td><td>52</td><td>53</td><td>60</td><td>57</td><td>53</td><td>60</td><td>54</td><td>54</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>58</td><td>56</td><td>52</td><td>57</td><td>53</td><td>54</td><td>61</td><td>58</td><td>54</td><td>61</td><td>55</td><td>55</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds</td><td>59</td><td>57</td><td>53</td><td>58</td><td>54</td><td>55</td><td>62</td><td>59</td><td>55</td><td>62</td><td>56</td><td>56</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>60</td><td>58</td><td>54</td><td>59</td><td>55</td><td>56</td><td>63</td><td>60</td><td>56</td><td>63</td><td>57</td><td>57</td></tr><tr><td>Chart - Internal revenue collections by principal sources</td><td>61</td><td>59</td><td>55</td><td>60</td><td>56</td><td>57</td><td>64</td><td>61</td><td>57</td><td>64</td><td>58</td><td>58</td></tr><tr><td>Detail of excise tax collections</td><td>...</td><td>60</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td><td>62</td><td>...</td><td>...</td><td>59</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>62</td><td>62</td><td>56</td><td>61</td><td>59</td><td>58</td><td>65</td><td>64</td><td>58</td><td>65</td><td>61</td><td>59</td></tr><tr><td>Monetary stocks of gold and silver</td><td>63</td><td>63</td><td>57</td><td>62</td><td>60</td><td>59</td><td>66</td><td>65</td><td>59</td><td>66</td><td>62</td><td>60</td></tr><tr><td>Cold assets and liabilities of the Treasury</td><td>63</td><td>63</td><td>57</td><td>62</td><td>60</td><td>59</td><td>66</td><td>65</td><td>59</td><td>66</td><td>62</td><td>60</td></tr><tr><td>Components of silver monetary stock</td><td>64</td><td>64</td><td>58</td><td>63</td><td>61</td><td>60</td><td>67</td><td>66</td><td>60</td><td>67</td><td>63</td><td>61</td></tr><tr><td>Seignorage</td><td>65</td><td>65</td><td>59</td><td>64</td><td>62</td><td>61</td><td>68</td><td>67</td><td>61</td><td>68</td><td>64</td><td>62</td></tr><tr><td>Increase from reduction in weight of gold dollar (latest date September 30, 1959)</td><td>65</td><td>...</td><td>...</td><td>64</td><td>...</td><td>...</td><td>68</td><td>...</td><td>...</td><td>68</td><td>...</td><td>...</td></tr><tr><td>Exchange Stabilization Fund (latest date June 30, 1959):</td><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>66</td><td>...</td><td>...</td><td>65</td><td>...</td><td>...</td><td>69</td><td>...</td><td>...</td><td>69</td><td>...</td><td>...</td></tr><tr><td>Income and expense</td><td>67</td><td>...</td><td>...</td><td>66</td><td>...</td><td>...</td><td>70</td><td>...</td><td>...</td><td>70</td><td>...</td><td>...</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, expenses, and dividends for calendar years 1954-58</td><td>...</td><td>...</td><td>...</td><td>...</td><td>63</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>68</td><td>66</td><td>60</td><td>67</td><td>64</td><td>62</td><td>71</td><td>68</td><td>62</td><td>71</td><td>65</td><td>63</td></tr><tr><td>Summary by countries and periods</td><td>71</td><td>69</td><td>63</td><td>70</td><td>67</td><td>65</td><td>74</td><td>71</td><td>65</td><td>74</td><td>68</td><td>66</td></tr><tr><td>Short-term banking liabilities to foreigners, latest month</td><td>75</td><td>73</td><td>67</td><td>74</td><td>71</td><td>69</td><td>78</td><td>75</td><td>69</td><td>78</td><td>72</td><td>70</td></tr><tr><td>Short-term banking claims on foreigners, latest month</td><td>76</td><td>74</td><td>68</td><td>75</td><td>72</td><td>70</td><td>79</td><td>76</td><td>70</td><td>79</td><td>73</td><td>71</td></tr><tr><td>Purchases and sales of long-term securities by foreigners</td><td>77</td><td>75</td><td>69</td><td>76</td><td>73</td><td>71</td><td>80</td><td>77</td><td>71</td><td>80</td><td>74</td><td>72</td></tr><tr><td>Short-term liabilities and claims reported by nonfinancial concerns</td><td>...</td><td>76</td><td>70</td><td>...</td><td>74</td><td>72</td><td>...</td><td>78</td><td>72</td><td>...</td><td>75</td><td>73</td></tr><tr><td>Long-term liabilities and claims reported by banks and bankers</td><td>...</td><td>76</td><td>...</td><td>...</td><td>74</td><td>...</td><td>...</td><td>78</td><td>...</td><td>...</td><td>75</td><td>...</td></tr><tr><td>Estimated gold and short-term dollar resources of foreign countries and international institutions</td><td>...</td><td>77</td><td>...</td><td>75</td><td>...</td><td>...</td><td>79</td><td>...</td><td>...</td><td>76</td><td>...</td><td>...</td></tr><tr><td>Foreign credit and debit balances in brokerage accounts</td><td>...</td><td>78</td><td>71</td><td>...</td><td>...</td><td>...</td><td>80</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Short-term liabilities, countries and areas not regularly reported</td><td>...</td><td>79</td><td>...</td><td>...</td><td>77</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Purchases and sales of long-term securities by foreigners during calendar year 1958</td><td>...</td><td>...</td><td>...</td><td>77</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Corporations and certain other business-type activities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Statements of financial condition (latest date June 30, 1959)</td><td>...</td><td>81</td><td>73</td><td>...</td><td>77</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>78</td><td>75</td></tr><tr><td>Income and expense (latest date June 30, 1959)</td><td>...</td><td>...</td><td>79</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>95</td></tr><tr><td>Source and application of funds (latest date June 30, 1959)</td><td>...</td><td>...</td><td>98</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr></table>
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, D.C.
OFFICIAL BUSINESS