LIBRARY ROOM 5030
JUN 23 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25, D.C.
OFFICIAL BUSINESS
TREASURY
BULLETIN
OCTOBER-1961
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
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October 1961
I
Table of Contents
Page
<table><tr><td>Treasury financing operations</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td></tr><tr><td>Budget receipts and expenditures</td><td>2</td></tr><tr><td>Trust account and other transactions</td><td>9</td></tr><tr><td>Cash income and outgo</td><td>14</td></tr><tr><td>Account of the Treasurer of the United States</td><td>20</td></tr><tr><td>Debt outstanding</td><td>22</td></tr><tr><td>Statutory debt limitation</td><td>27</td></tr><tr><td>Public debt operations</td><td>28</td></tr><tr><td>United States savings bonds</td><td>48</td></tr><tr><td>Ownership of Federal securities</td><td>52</td></tr><tr><td>Treasury survey of ownership of Federal securities</td><td>54</td></tr><tr><td>Market quotations on Treasury securities</td><td>58</td></tr><tr><td>Average yields of long-term bonds</td><td>61</td></tr><tr><td>Internal revenue collections</td><td>63</td></tr><tr><td>Monetary statistics</td><td>65</td></tr><tr><td>International financial statistics</td><td>69</td></tr><tr><td>Capital movements</td><td>70</td></tr><tr><td>Cumulative table of contents</td><td>82</td></tr></table>
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown.
II
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear in the "Treasury Bulletin" are based largely on two Treasury financial reports, the "Daily Statement of the United States Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least in part on the "Circulation Statement of United States Money." Where these statements are given as sources for individual tables, they are cited by name only. Their respective reporting bases are described below. For other data in the Bulletin, information on sources or reporting bases is given in connection with the tables themselves.
The monthly statement of receipts and expenditures was first published for February 1954, and replaced the daily statement as the primary source of information on budget results and other receipt and expenditure data classified by type of account. At the same time, the daily statement was changed to a statement of cash deposits and withdrawals affecting the 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."
Beginning with the final statement for the fiscal year 1960, the monthly statement reports totals for net budget receipts and budget expenditures after deduction of certain interfund transactions which are included in the detail of both budget receipts and budget expenditures. The transactions deducted consist of interest payments and minor amounts of certain other payments made by Government agencies to the Treasury. This reporting change was made in accordance with the plan stated in the President's Budget Message of January 18, 1960. It does not affect the surplus or deficit. Figures for earlier periods shown in the Treasury Bulletin were revised to the new reporting basis in the September 1960 issue. The interfund transactions deducted under this procedure do not include payments to the Treasury by wholly owned Government corporations for retirement of their capital stock and for disposition of earnings. These capital transfers have been excluded currently from budget receipts and budget expenditures beginning July 1, 1948, and figures for prior fiscal years back through 1932 were revised accordingly at that time.
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 intragovernmental 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.
October 1961
III
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 re-flecting 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
Reporting Bases - (Continued)
made through the facilities of the Treasury Department's Division of Disbursement were on the basis of checks issued, while certain others, principally those of the Department of Defense and its predecessor organizations, were on the basis of checks paid. Transactions handled through commercial bank accounts, consisting of market transactions in public debt and guaranteed securities, were as reported by the agencies. Interest on the public debt was included on a due and payable basis beginning with November 1949 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the Treasurer's account which affect monetary stocks of gold and silver and the amounts of coin and currency in the money supply of the country. It is issued later than the daily statement, however, and the figures are based on transactions consummated during the reporting period even through some may not have cleared the Treasurer's account during that period.
October 1961
A-1
Treasury Financing Operations
September-October Cash Raising
New money offerings of the financing program announced on September 7, 1961, brought $5.3 billion into the Treasury. Tax anticipation bills amounted to $2.5 billion, additional Series D-1963 notes $2.2 billion, and one-year bills, $0.5 billion.
Tax Anticipation Bills.--Tenders totaling $5,131 million were received for the September 12 cash offering of $2.5 billion, or therabouts, of 268-day tax anticipation series Treasury bills. Acceptances of tenders totaled $2,511 million at the average rate of discount of 2.705 percent including $511 million of noncompetitive tenders for $400,000 or less from any one bidder which were accepted in full at the average price of accepted competitive bids. This offering was the first step of the new money portion of the September-October financing program announced on September 7.
The bills are dated September 27, 1961, and will mature on June 22, 1962. Issued in bearer form only, the new bills are in denominations of $1,000, $5,000, $10,000, $100,000, $500,000, and $1,000,000 (maturity value). They are acceptable at par in payment of income and profits taxes due on June 15, 1962; and to the extent they are not presented for this purpose the face amount will be payable without interest at maturity.
Payment for the bills was required to be completed on September 27, in cash or other immediately available funds. Any commercial bank qualifying as a depositary was permitted to make payment by credit in its Treasury tax and loan account for the bills allotted for itself and its customers up to any amount for which it was qualified in excess of existing deposits.
Incorporated banks and trust companies, and responsible and recognized dealers were permitted to submit tenders without deposit. Tenders from others were required to be accompanied by payment of 2 percent of the face amount of the bills applied for, or an express guaranty of payment by an incorporated bank or trust company.
Additional Offering of Series D-1963 Notes.—On September 28, 1961, the Treasury Department announced an offering for cash of $2 billion, or thereabouts, of 3-1/4 percent Treasury notes of Series D-1963 (additional issue), at 99.375 percent of their face value and accrued interest. Subscription books were open only on October 2. The announcement was in accordance with that of September 7, and was the second step of the new money financing.
Of the total $5,684 million of subscriptions received from the public for the additional offering, those accepted amounted to $2,176 million. In addition $122 million were allotted to Government Investment
ment accounts. Subscriptions for $100,000 or less were allotted in full. Those for more than $100,000 were allotted 37 percent but not less than $100,000.
Subscriptions from commercial banks for their own account amounted to about $5,341 million, and were received without deposit, but were restricted in each case to an amount not exceeding 50 percent of the combined capital, surplus and undivided profits of the subscribing bank. All others were required to submit a payment of 2 percent of the notes applied for with their subscriptions.
Payment of $1,011.90897 per $1,000 face amount of the notes allotted (99.875 percent of their face value, and $13.15897 (per $1,000) for accrued interest from May 15 to October 11, 1961), was required to be made or completed on or before October 11, 1961. Any qualified depositary was permitted to make payment by credit in its Treasury tax and loan account for not more than 75 percent of the amount of notes allotted to it for itself and its customers up to the amount for which it was qualified in excess of existing deposits.
Commercial banks in submitting subscriptions were required to certify that they had no beneficial interest in any of the subscriptions they entered for the account of their customers, and that their customers had no beneficial interest in the banks' subscriptions for their own account. They were also requested to refrain from making unsecured loans, or loans collateralized in whole or in part by the securities subscribed for, to cover the deposits required to be paid when subscriptions were entered, and were required to make the usual certification to that effect. All subscribers to the notes were required to agree not to purchase or sell, or make any agreements with respect to purchase or sale or other disposition of, any notes of this issue until after October 2, 1961.
The notes of this offering are additional to and form part of the 3-1/4 percent Treasury notes of Series D-1963, dated May 15, 1961, are freely interchangeable therewith, and are identical therewith in all respects except that interest accrues from October 11, 1961. Issued on October 11, 1961, the additional notes are dated May 15, 1961, and bear interest at the rate of 3-1/4 percent per annum, payable semiannually on November 15, 1961, and thereafter on May 15 and November 15 in each year until the principal amount becomes payable at their maturity on May 15, 1963. The notes are not subject to call for redemption prior to maturity.
Bearer notes with interest coupons attached, or notes registered as to principal and interest, were issued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000, and $500,000,000.
A-2
Treasury Bulletin
Treasury Financing Operations - (Continued)
One-Year Bills increased.--An offering on October 3 for $2 billion, or thereabouts, of 364-day Treasury bills for cash and in exchange for $1.5 billion of Treasury bills maturing October 15, 1961, was the final step of the September-October program.
Tenders totaled $3,756 million, of which $2,031 million were accepted. Noncompetitive tenders for $300,000 or less included in those accepted amounted to $139 million at the average price of competitive bids. The average rate of discount was 2.975 per cent. Dated October 16, 1961, the new bills will mature October 15, 1962.
Payment for tenders accepted was required to be completed on October 1, 1961, in cash or other immediately available funds or in a like face amount of Treasury bills maturing on the payment date. Requirements relating to deposits with tenders and the
September Advance Refunding Results
More than one-half of the outstanding publicly held 2-1/2 percent Treasury bonds maturing in March 1970 and 1971 were exchanged in advance by holders for additional issues of the 3-1/2 percent bonds maturing in 1980, 1990, and 1998, in the Treasury offering open to all subscribers from September 11 through September 15, and for individuals through September 20, 1961. Subscriptions received totaled $3,758 million, consisting of $2,827 million from the public and $930 million from Government investment accounts. All subscriptions were allotted in full with delivery of the 3-1/2 percent bonds on September 29.
Preliminary results are shown in the accompanying table.
<table><tr><th colspan="2">Securities eligible for exchange</th><th colspan="3">Results of advance refunding offer p</th><th colspan="2">Securities eligible for exchange held by</th></tr><tr><th rowspan="2">Description</th><th rowspan="2">Total outstanding Aug. 31,1961</th><th colspan="2">Securities issued in exchange</th><th rowspan="2">Not exchanged</th><th rowspan="2">Federal Reserve Banks and Government investment accounts</th><th rowspan="2">Commercial banks 1/</th></tr><tr><th>Description</th><th>Amount</th></tr><tr><td colspan="2">-1-2% bonds of 1966-70, maturing March 15, 1970</td><td colspan="2">3-1/2% bonds of 1980 3-1/2% bonds of 1990 3-1/2% bonds of 1998</td><td>1,036 721 474</td><td>2,458</td><td>1,338</td><td>428</td></tr><tr><td colspan="2">-1 2% bonds of 1966-71, maturing March 1-, 1971</td><td colspan="2">3-1/2% bonds of 1980 3-1/2% bonds of 1990 3-1/2% bonds of 1998</td><td>238 576 713</td><td>1,401</td><td>747</td><td>166</td></tr><tr><td>Total</td><td>7,615</td><td></td><td>3,758</td><td>3,858</td><td>2,085</td><td>594</td></tr></table>
As reported in the Treasury Survey of Ownership, August 31, 1961. Preliminary.
denominations were like those for the 258-day tax anticipation bills described in preceding paragraphs.
An analysis of subscriptions by investor classes, is shown in the table which follows.
<table><tr><th>Securities issued</th><th colspan="2">Individuals 1/</th><th colspan="2">Commercial banks (own account)</th><th colspan="2">All Others 2/</th><th colspan="2">Total</th><th>Government investment accounts</th><th>Grand total</th></tr><tr><th></th><th>Number</th><th>Amount</th><th>Number</th><th>Amount</th><th>Number</th><th>Amount</th><th>Number</th><th>Amount</th><th>Amount</th><th>Amount</th></tr><tr><td colspan="11">(Dollar amounts in millions)</td></tr><tr><td>1-1/2 bonds</td><td>1,411</td><td>$3.</td><td>47</td><td>$63</td><td>1,460</td><td>$647</td><td>5,621</td><td>$79.</td><td>$480</td><td>$1,274</td></tr><tr><td>1-1/2 bonds</td><td>1,14</td><td></td><td>114</td><td>83</td><td>93.</td><td>1,037</td><td>3,018</td><td>1,136</td><td>161</td><td>1,296</td></tr><tr><td>1-1/2 bonds</td><td>1,38</td><td>.7</td><td>72</td><td>49</td><td>472</td><td>821</td><td>1,782</td><td>897</td><td>290</td><td>1,187</td></tr><tr><td>Total</td><td>6,844</td><td>8.</td><td>556</td><td>195</td><td>2,916</td><td>2,547</td><td>10,421</td><td>2,827</td><td>930</td><td>3,758</td></tr></table>
Includ partnerships and personal trust accounts. Include intrastate companies, mutual savings banks, corporations exclusive of commercial banks, private pension and retirement funds, pension and retirement, and other funds of State and local governments, and dealers and brokers.
October 1961
A-3
Treasury Financing Operations - (Continued)
13-Week and 26-Week Bills
September issues of regular weekly Treasury bills totaled $6.8 billion, refunding an equivalent amount of bills maturing, which included $0.4 billion of the "strip" issues sold on June 14, 1961. Of the total $1.8 billion "strip" issues, one-half have now matured. The remaining issues mature during October and November 1961.
<table><tr><th colspan="3">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 1/</th><th>Date of issue</th><th>Approximate equivalent annual average rate 1/</th></tr><tr><th>Additional issue</th><th>Original issue</th><td></td><td></td><td></td></tr><tr><td>1961 Sept. 7</td><td>1961 June 8</td><td>2.392%</td><td>1961 Sept. 7</td><td>2.692%</td></tr><tr><td>14</td><td>15</td><td>2.328</td><td>14</td><td>2.685</td></tr><tr><td>21</td><td>23</td><td>2.262</td><td>21</td><td>2.681</td></tr><tr><td>28</td><td>29</td><td>2.234</td><td>28</td><td>2.697</td></tr></table>
1/ Bank discount basis.
The four new issues of 13-week bills for $1.1 billion each totaled $4.4 billion, and the new 26-week bills for $0.6 billion each totaled $2.4 billion. Terms for the new issues are 91 days and 182 days, respectively. Average rates of discount on the new bills are shown in the accompanying table.
Details of Extension of Series H Savings Bonds
The optional extension of Series H bonds, as announced on August 27, 1961, applies to those with issue dates from June 1, 1952, through January 1, 1957. (See the September Treasury Bulletin, p. A-3.) In the table which follows interest payments for Series H bonds of the $1,000 denomination, together with investment yields, are shown for the first maturity period before and after the June 1, 1959, revision, and during the 10-year extension. Complete information for all denominations is contained in the First Amendment to the Second Revision of department Circular No. 905, dated August 2, 1961.
A-4
Treasury Bulletin
Table 1.- Series H Savings Bonds with Issue Date of June 1952 through January 1957
Interest checks and investment yields: (1) During the first maturity period, before and after the June 1, 1959 revision; and (2) During the extended maturity period.
<table><tr><td colspan="11">Face Value.....................{Maturity Value.....................Redemption Value 1/....................$1,000 2/Issue Price.....................</td></tr><tr><td>Issue date.....................</td><td colspan="3">June 1 through Nov. 1, 1952</td><td colspan="3">Dec. 1, 1952 through May 1, 1953</td><td colspan="3">June 1 through Nov. 1, 1953</td><td colspan="3">Dec. 1, 1953 through May 1, 1954</td></tr><tr><td>Period after issue date</td><td>Amounts of interest checks</td><td colspan="2">Investment yield 2/Period held 4/Period to next maturity 5/ *</td><td>Amounts of interest checks</td><td colspan="2">Investment yield 2/Period held 4/Period to next maturity 5/ *</td><td>Amounts of interest checks</td><td colspan="2">Investment yield 2/Period held 4/Period to next maturity 5/ *</td><td>Amounts of interest checks</td><td colspan="2">Investment yield 2/Period Held 4/Period to next maturity 5/ *</td></tr><tr><td>1 year.....................</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td></tr><tr><td>1 1/2 years.....................</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td></tr><tr><td>2 years.....................</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td></tr><tr><td>2 1/2 years.....................</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td></tr><tr><td>3 years.....................</td><td>12.50</td><td>2.21</td><td>*3.11</td><td>12.50</td><td>2.21</td><td>*3.11</td><td>12.50</td><td>2.21</td><td>*3.11</td><td>12.50</td><td>2.21</td><td>*3.11</td></tr><tr><td>3 1/2 years.....................</td><td>12.50</td><td>2.25</td><td>*3.19</td><td>12.50</td><td>2.25</td><td>*3.19</td><td>12.50</td><td>2.25</td><td>*3.19</td><td>12.50</td><td>2.25</td><td>*3.19</td></tr><tr><td>4 years.....................</td><td>12.50</td><td>2.28</td><td>*3.58</td><td>12.50</td><td>2.28</td><td>*3.58</td><td>12.50</td><td>2.28</td><td>*3.58</td><td>12.50</td><td>2.28</td><td>*3.58</td></tr><tr><td>4 1/2 years.....................</td><td>17.00</td><td>2.10</td><td>*3.60</td><td>17.00</td><td>2.10</td><td>*3.60</td><td>17.00</td><td>2.10</td><td>*3.60</td><td>17.00</td><td>2.10</td><td>*3.60</td></tr><tr><td>5 years.....................</td><td>17.00</td><td>2.19</td><td>*3.63</td><td>17.00</td><td>2.19</td><td>*3.63</td><td>17.00</td><td>2.19</td><td>*3.63</td><td>17.00</td><td>2.19</td><td>*3.63</td></tr><tr><td>5 1/2 years.....................</td><td>17.00</td><td>2.57</td><td>*3.66</td><td>17.00</td><td>2.57</td><td>*3.66</td><td>17.00</td><td>2.57</td><td>*3.66</td><td>17.00</td><td>2.57</td><td>**1.16</td></tr><tr><td>6 years.....................</td><td>17.00</td><td>2.63</td><td>*3.69</td><td>17.00</td><td>2.63</td><td>*3.69</td><td>17.00</td><td>2.63</td><td>**1.19</td><td>$17.50</td><td>2.61%</td><td>4.25%</td></tr><tr><td>6 1/2 years.....................</td><td>17.00</td><td>2.69</td><td>*3.71</td><td>17.00</td><td>2.69</td><td>**4.24</td><td>$17.50</td><td>2.69%</td><td>4.31%</td><td>17.50</td><td>2.70</td><td>4.38</td></tr><tr><td>7 years.....................</td><td>17.00</td><td>2.73</td><td>**4.31</td><td>$17.50</td><td>2.71%</td><td>4.39%</td><td>17.50</td><td>2.75</td><td>4.47</td><td>18.70</td><td>2.77</td><td>4.51</td></tr><tr><td colspan="13">Revised June 1, 1959</td></tr><tr><td>7 1/2 years.....................</td><td>$17.50</td><td>2.78</td><td>4.51%</td><td>17.50</td><td>2.78</td><td>4.61</td><td>19.10</td><td>2.81</td><td>4.62</td><td>18.70</td><td>2.83</td><td>4.70</td></tr><tr><td>8 years.....................</td><td>17.50</td><td>2.82</td><td>4.63</td><td>19.70</td><td>2.85</td><td>4.82</td><td>19.10</td><td>2.87</td><td>4.88</td><td>18.70</td><td>2.88</td><td>5.00</td></tr><tr><td>8 1/2 years.....................</td><td>20.20</td><td>2.88</td><td>5.18</td><td>19.70</td><td>2.90</td><td>5.21</td><td>20.10</td><td>2.93</td><td>5.23</td><td>20.90</td><td>2.94</td><td>5.36</td></tr><tr><td>9 years.....................</td><td>20.20</td><td>2.91</td><td>6.06</td><td>20.30</td><td>2.96</td><td>6.09</td><td>20.10</td><td>2.98</td><td>6.12</td><td>20.90</td><td>3.00</td><td>6.27</td></tr><tr><td>9 1/2 years.....................</td><td>20.20</td><td>2.99</td><td>12.37</td><td>20.30</td><td>3.01</td><td>12.43</td><td>20.10</td><td>3.03</td><td>12.19</td><td>20.90</td><td>3.06</td><td>12.80</td></tr><tr><td>Maturity (9-2/3 years)....</td><td>20.20</td><td>3.12</td><td>....</td><td>20.30</td><td>3.14</td><td>....</td><td>20.10</td><td>3.17</td><td>....</td><td>20.90</td><td>3.19</td><td>....</td></tr><tr><td>Period after maturity date</td><td colspan="11">Extended Maturity Period</td></tr><tr><td>1 year.....................</td><td>$18.75</td><td>3.15%</td><td>3.75%</td><td>$18.75</td><td>3.17%</td><td>3.75%</td><td>$18.75</td><td>3.19%</td><td>3.75%</td><td>$18.75</td><td>3.22%</td><td>3.75%</td></tr><tr><td>1 1/2 years.....................</td><td>18.75</td><td>3.17</td><td>3.75</td><td>18.75</td><td>3.19</td><td>3.75</td><td>18.75</td><td>3.21</td><td>3.75</td><td>18.75</td><td>3.24</td><td>3.75</td></tr><tr><td>2 years.....................</td><td>18.75</td><td>3.19</td><td>3.75</td><td>18.75</td><td>3.21</td><td>3.75</td><td>18.75</td><td>3.23</td><td>3.75</td><td>18.75</td><td>3.26</td><td>3.75</td></tr><tr><td>2 1/2 years.....................</td><td>18.75</td><td>3.21</td><td>3.75</td><td>18.75</td><td>3.23</td><td>3.75</td><td>18.75</td><td>3.25</td><td>3.75</td><td>18.75</td><td>3.27</td><td>3.75</td></tr><tr><td>3 years.....................</td><td>18.75</td><td>3.23</td><td>3.75</td><td>18.75</td><td>3.25</td><td>3.75</td><td>18.75</td><td>3.27</td><td>3.75</td><td>18.75</td><td>3.29</td><td>3.75</td></tr><tr><td>3 1/2 years.....................</td><td>18.75</td><td>3.25</td><td>3.75</td><td>18.75</td><td>3.26</td><td>3.75</td><td>18.75</td><td>3.28</td><td>3.75</td><td>18.75</td><td>3.30</td><td>3.75</td></tr><tr><td>4 years.....................</td><td>18.75</td><td>3.26</td><td>3.75</td><td>18.75</td><td>3.28</td><td>3.75</td><td>18.75</td><td>3.30</td><td>3.75</td><td>18.75</td><td>3.32</td><td>3.75</td></tr><tr><td>4 1/2 years.....................</td><td>18.75</td><td>3.27</td><td>3.75</td><td>18.75</td><td>3.29</td><td>3.75</td><td>18.75</td><td>3.31</td><td>3.75</td><td>18.75</td><td>3.33</td><td>3.75</td></tr><tr><td>5 years.....................</td><td>18.75</td><td>3.29</td><td>3.75</td><td>18.75</td><td>3.30</td><td>3.75</td><td>18.75</td><td>3.32</td><td>3.75</td><td>18.75</td><td>3.34</td><td>3.75</td></tr><tr><td>5 1/2 years.....................</td><td>18.75</td><td>3.30</td><td>3.75</td><td>18.75</td><td>3.32</td><td>3.75</td><td>18.75</td><td>3.33</td><td>3.75</td><td>18.75</td><td>3.35</td><td>3.75</td></tr><tr><td>6 years.....................</td><td>18.75</td><td>3.31</td><td>3.75</td><td>18.75</td><td>3.33</td><td>3.75</td><td>18.75</td><td>3.34</td><td>3.75</td><td>18.75</td><td>3.36</td><td>3.75</td></tr><tr><td>6 1/2 years.....................</td><td>18.75</td><td>3.32</td><td>3.75</td><td>18.75</td><td>3.34</td><td>3.75</td><td>18.75</td><td>3.35</td><td>3.75</td><td>18.75</td><td>3.37</td><td>3.75</td></tr><tr><td>7 years.....................</td><td>18.75</td><td>3.34</td><td>3.75</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.37</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td></tr><tr><td>7 1/2 years.....................</td><td>18.75</td><td>3.35</td><td>3.75</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.38</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td></tr><tr><td>8 years.....................</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.37</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td></tr><tr><td>8 1/2 years.....................</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.38</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td></tr><tr><td>9 years.....................</td><td>18.75</td><td>3.37</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td><td>18.75</td><td>3.42</td><td>3.75</td></tr><tr><td>9 1/2 years.....................</td><td>18.75</td><td>3.38</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td><td>18.75</td><td>3.42</td><td>3.75</td></tr><tr><td>10 years (extended maturity) 6/....</td><td>18.75</td><td>3.39</td><td>....</td><td>18.75</td><td>3.40</td><td>....</td><td>18.75</td><td>3.41</td><td>....</td><td>18.75</td><td>3.43</td><td>....</td></tr></table>
Footnotes at end of Table 1.
October 1961
A-5
Table 1.- Series H Savings Bonds with Issue Date of June 1952 through January 1957 - (Continued)
Interest checks and investment yields: (1) During the first maturity period, before and after the June 1, 1959 revision; and (2) During the extended maturity period.
<table><tr><th colspan="2">Issue date</th><th colspan="3">June 1 through Nov. 1, 1954</th><th colspan="3">Dec. 1, 1954 through May 1, 1955</th><th colspan="3">June 1 through Nov. 1, 1955</th></tr><tr><th>Period after issue date</th><th>Amounts of interest checks</th><th colspan="2">Investment yield 2/</th><th>Amounts of interest checks</th><th colspan="2">Investment yield 2/</th><th>Amounts of interest checks</th><th colspan="2">Investment yield 2/</th></tr><tr><th></th><th></th><th>Period held 4/</th><th>Period to next maturity 5/ *</th><th></th><th>Period held 4/</th><th>Period to next maturity 5/ *</th><th></th><th>Period held 4/</th><th>Period to next maturity 5/ *</th></tr><tr><td>1 year</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td></tr><tr><td>1 1/2 years</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td></tr><tr><td>1 1/4 years</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td></tr><tr><td>2 years</td><td>12.50</td><td>2.07</td><td>*3.27</td><td>12.50</td><td>2.07</td><td>*3.27</td><td>12.50</td><td>2.07</td><td>*3.27</td></tr><tr><td>2 1/2 years</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td></tr><tr><td>3 years</td><td>12.50</td><td>2.21</td><td>*3.31</td><td>12.50</td><td>2.21</td><td>*3.31</td><td>12.50</td><td>2.21</td><td>*3.31</td></tr><tr><td>3 1/2 years</td><td>12.50</td><td>2.25</td><td>*3.39</td><td>12.50</td><td>2.25</td><td>*3.39</td><td>12.50</td><td>2.25</td><td>*3.39</td></tr><tr><td>4 years</td><td>12.50</td><td>2.28</td><td>*3.58</td><td>12.50</td><td>2.28</td><td>*3.58</td><td>12.50</td><td>2.28</td><td>*3.58</td></tr><tr><td>4 1/2 years</td><td>17.00</td><td>2.40</td><td>*3.60</td><td>17.00</td><td>2.40</td><td>**4.10</td><td>17.50</td><td>2.41%</td><td>4.15%</td></tr><tr><td colspan="4">Revised June 1, 1959</td><td colspan="3">Revised June 1, 1959</td><td colspan="3"></td></tr><tr><td>5 years</td><td>17.00</td><td>2.49</td><td>**4.13</td><td>$17.50</td><td>2.50%</td><td>4.17%</td><td>17.50</td><td>2.51</td><td>4.23</td></tr><tr><td colspan="4">Revised June 1, 1959</td><td colspan="3"></td><td colspan="3"></td></tr><tr><td>5 1/2 years</td><td>$17.50</td><td>2.58</td><td>4.21%</td><td>17.50</td><td>2.59</td><td>4.26</td><td>17.50</td><td>2.59</td><td>4.32</td></tr><tr><td>6 years</td><td>17.50</td><td>2.65</td><td>4.32</td><td>17.50</td><td>2.66</td><td>4.37</td><td>19.10</td><td>2.69</td><td>4.39</td></tr><tr><td>6 1/2 years</td><td>17.50</td><td>2.71</td><td>4.46</td><td>19.30</td><td>2.71</td><td>4.46</td><td>19.10</td><td>2.77</td><td>4.49</td></tr><tr><td>7 years</td><td>19.50</td><td>2.78</td><td>4.57</td><td>19.30</td><td>2.81</td><td>4.58</td><td>19.10</td><td>2.81</td><td>4.63</td></tr><tr><td>7 1/2 years</td><td>19.50</td><td>2.85</td><td>4.73</td><td>19.30</td><td>2.87</td><td>4.75</td><td>19.10</td><td>2.89</td><td>4.82</td></tr><tr><td>8 years</td><td>19.50</td><td>2.91</td><td>5.00</td><td>20.70</td><td>2.91</td><td>4.95</td><td>21.00</td><td>2.97</td><td>5.02</td></tr><tr><td>8 1/2 years</td><td>20.90</td><td>2.97</td><td>5.36</td><td>20.70</td><td>3.01</td><td>5.31</td><td>21.00</td><td>3.03</td><td>5.38</td></tr><tr><td>9 years</td><td>20.90</td><td>3.03</td><td>6.27</td><td>20.70</td><td>3.06</td><td>6.21</td><td>21.00</td><td>3.08</td><td>6.30</td></tr><tr><td>9 1/2 years</td><td>90.90</td><td>3.08</td><td>12.80</td><td>20.70</td><td>3.11</td><td>12.68</td><td>21.00</td><td>3.13</td><td>12.87</td></tr><tr><td>Maturity (9-2/3 years)</td><td>20.90</td><td>3.22</td><td>...</td><td>20.70</td><td>3.21</td><td>...</td><td>21.00</td><td>3.27</td><td>...</td></tr><tr><th colspan="5">Period after maturity date</th><th colspan="5">Extended Maturity Period</th></tr><tr><td>1 year</td><td>$18.75</td><td>3.21%</td><td>3.75%</td><td>$18.75</td><td>3.26%</td><td>3.75%</td><td>$18.75</td><td>3.29%</td><td>3.75%</td></tr><tr><td>1 1/2 years</td><td>18.75</td><td>3.26</td><td>3.75</td><td>18.75</td><td>3.28</td><td>3.75</td><td>18.75</td><td>3.31</td><td>3.75</td></tr><tr><td>2 years</td><td>18.75</td><td>3.28</td><td>3.75</td><td>18.75</td><td>3.30</td><td>3.75</td><td>18.75</td><td>3.32</td><td>3.75</td></tr><tr><td>2 1/2 years</td><td>18.75</td><td>3.30</td><td>3.75</td><td>18.75</td><td>3.32</td><td>3.75</td><td>18.75</td><td>3.34</td><td>3.75</td></tr><tr><td>3 years</td><td>18.75</td><td>3.31</td><td>3.75</td><td>18.75</td><td>3.33</td><td>3.75</td><td>18.75</td><td>3.35</td><td>3.75</td></tr><tr><td>3 1/2 years</td><td>18.75</td><td>3.32</td><td>3.75</td><td>18.75</td><td>3.35</td><td>3.75</td><td>18.75</td><td>3.37</td><td>3.75</td></tr><tr><td>4 years</td><td>18.75</td><td>3.34</td><td>3.75</td><td>18.75</td><td>3.37</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td></tr><tr><td>4 1/2 years</td><td>18.75</td><td>3.35</td><td>3.75</td><td>18.75</td><td>3.38</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td></tr><tr><td>5 years</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td></tr><tr><td>5 1/2 years</td><td>18.75</td><td>3.37</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td></tr><tr><td>6 years</td><td>18.75</td><td>3.38</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td><td>18.75</td><td>3.42</td><td>3.75</td></tr><tr><td>6 1/2 years</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td><td>18.75</td><td>3.43</td><td>3.75</td></tr><tr><td>7 years</td><td>18.75</td><td>3.40</td><td>3.75</td><td>18.75</td><td>3.42</td><td>3.75</td><td>18.75</td><td>3.44</td><td>3.75</td></tr><tr><td>7 1/2 years</td><td>18.75</td><td>3.41</td><td>3.75</td><td>18.75</td><td>3.43</td><td>3.75</td><td>18.75</td><td>3.45</td><td>3.75</td></tr><tr><td>8 years</td><td>18.75</td><td>3.42</td><td>3.75</td><td>18.75</td><td>3.43</td><td>3.75</td><td>18.75</td><td>3.46</td><td>3.75</td></tr><tr><td>8 1/2 years</td><td>18.75</td><td>3.43</td><td>3.75</td><td>18.75</td><td>3.44</td><td>3.75</td><td>18.75</td><td>3.47</td><td>3.75</td></tr><tr><td>9 years</td><td>18.75</td><td>3.44</td><td>3.75</td><td>18.75</td><td>3.45</td><td>3.75</td><td>18.75</td><td>3.48</td><td>3.75</td></tr><tr><td>9 1/2 years</td><td>18.75</td><td>3.45</td><td>3.75</td><td>18.75</td><td>3.46</td><td>3.75</td><td>18.75</td><td>3.49</td><td>3.75</td></tr><tr><td>10 years (extended maturity) 6/</td><td>18.75</td><td>3.46</td><td>...</td><td>18.75</td><td>3.46</td><td>...</td><td>18.75</td><td>3.47</td><td>...</td></tr></table>
Footnotes at end of Table 1.
A-6
Treasury Bulletin
Table 1.- Series H Savings Bonds with Issue Date of June 195
through January 1957 - (Continued)
Interest checks and investment yields: (1) During the first maturity period, before and after
the June 1, 1959 revision; and (2) During the extended maturity period.
<table><tr><th colspan="3">Issue date</th><th colspan="3">Dec. 1, 1955 through May 1, 1956</th><th colspan="3">June 1 through Nov. 1, 1956</th><th colspan="3">Dec. 1, 1956 through Jan. 1, 1957</th></tr><tr><th rowspan="2">Period after issue date</th><th rowspan="2">Amounts of interest checks</th><th colspan="2">Investment yield 2/</th><th rowspan="2">Amounts of interest checks</th><th colspan="2">Investment yield 2/</th><th rowspan="2">Amounts of interest checks</th><th colspan="2">Investment yield 2/</th></tr><tr><th>Period held 4/</th><th>Period to next maturity 5/ *</th><th>Period held 4/</th><th>Period to next maturity 5/ *</th><th>Period held 4/</th><th>Period to next maturity 5/ *</th></tr><tr><td>1/2 year</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td><td>$1.00</td><td>0.80%</td><td>*3.13%</td></tr><tr><td>1 year</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td><td>12.50</td><td>1.65</td><td>*3.18</td></tr><tr><td>1 1/2 years</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td><td>12.50</td><td>1.93</td><td>*3.22</td></tr><tr><td>2 years</td><td>12.50</td><td>2.07</td><td>*3.27</td><td>12.50</td><td>2.07</td><td>*3.27</td><td>12.50</td><td>2.07</td><td>*3.27</td></tr><tr><td>2 1/2 years</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td><td>12.50</td><td>2.15</td><td>*3.31</td></tr><tr><td>3 years</td><td>12.50</td><td>2.21</td><td>*3.31</td><td>12.50</td><td>2.21</td><td>*3.31</td><td>$13.00</td><td>2.22%</td><td>3.95%</td></tr><tr><td>3 1/2 years</td><td>12.50</td><td>2.25</td><td>*3.99</td><td>$13.00</td><td>2.26%</td><td>1.03%</td><td>13.00</td><td>2.28</td><td>1.07</td></tr><tr><td colspan="11">Revised June 1, 1959</td></tr><tr><td>1 1/2 years</td><td>$13.00</td><td>2.29%</td><td>1.13%</td><td>13.00</td><td>2.30</td><td>1.17</td><td>13.00</td><td>2.32</td><td>1.21</td></tr><tr><td>1 3/4 years</td><td>17.50</td><td>2.42</td><td>1.20</td><td>17.50</td><td>2.43</td><td>1.21</td><td>17.50</td><td>2.41</td><td>1.29</td></tr><tr><td>5 years</td><td>17.50</td><td>2.52</td><td>1.28</td><td>17.50</td><td>2.53</td><td>1.33</td><td>17.50</td><td>2.51</td><td>1.38</td></tr><tr><td>5 1/2 years</td><td>17.50</td><td>2.60</td><td>1.36</td><td>19.50</td><td>2.65</td><td>1.38</td><td>20.00</td><td>2.66</td><td>1.43</td></tr><tr><td>6 years</td><td>19.60</td><td>2.70</td><td>1.45</td><td>19.50</td><td>2.71</td><td>1.45</td><td>20.00</td><td>2.77</td><td>1.50</td></tr><tr><td>6 1/2 years</td><td>19.60</td><td>2.79</td><td>1.51</td><td>19.50</td><td>2.82</td><td>1.55</td><td>20.00</td><td>2.85</td><td>1.58</td></tr><tr><td>7 years</td><td>19.60</td><td>2.86</td><td>1.66</td><td>19.50</td><td>2.89</td><td>1.68</td><td>20.00</td><td>2.92</td><td>1.70</td></tr><tr><td>7 1/2 years</td><td>19.60</td><td>2.92</td><td>1.85</td><td>19.50</td><td>2.95</td><td>1.87</td><td>20.00</td><td>2.99</td><td>1.87</td></tr><tr><td>8 years</td><td>21.10</td><td>3.00</td><td>5.01</td><td>21.20</td><td>3.02</td><td>5.07</td><td>21.20</td><td>3.06</td><td>5.07</td></tr><tr><td>8 1/2 years</td><td>21.10</td><td>3.06</td><td>5.11</td><td>21.20</td><td>3.08</td><td>5.11</td><td>21.20</td><td>3.12</td><td>5.11</td></tr><tr><td>9 years</td><td>21.10</td><td>3.11</td><td>6.33</td><td>21.20</td><td>3.11</td><td>6.36</td><td>21.20</td><td>3.17</td><td>6.36</td></tr><tr><td>9 1/2 years</td><td>21.10</td><td>3.16</td><td>12.93</td><td>21.20</td><td>3.19</td><td>12.99</td><td>21.20</td><td>3.22</td><td>12.99</td></tr><tr><td>Maturity (9-2/3 years)</td><td>21.10</td><td>3.30</td><td>...</td><td>21.20</td><td>3.33</td><td>...</td><td>21.20</td><td>3.36</td><td>...</td></tr><tr><th colspan="3">Period after maturity date</th><th colspan="5">Extended Maturity Period</th></tr><tr><td>1/2 year</td><td>$18.75</td><td>3.32%</td><td>3.75%</td><td>$18.75</td><td>3.31%</td><td>3.75%</td><td>$18.75</td><td>3.37%</td><td>3.75%</td></tr><tr><td>1 year</td><td>18.75</td><td>3.31</td><td>3.75</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td></tr><tr><td>1 1/2 years</td><td>18.75</td><td>3.35</td><td>3.75</td><td>18.75</td><td>3.37</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td></tr><tr><td>2 years</td><td>18.75</td><td>3.36</td><td>3.75</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td></tr><tr><td>2 1/2 years</td><td>18.75</td><td>3.38</td><td>3.75</td><td>18.75</td><td>3.40</td><td>3.75</td><td>18.75</td><td>3.42</td><td>3.75</td></tr><tr><td>3 years</td><td>18.75</td><td>3.39</td><td>3.75</td><td>18.75</td><td>3.41</td><td>3.75</td><td>18.75</td><td>3.43</td><td>3.75</td></tr><tr><td>3 1/2 years</td><td>18.75</td><td>3.40</td><td>3.75</td><td>18.75</td><td>3.42</td><td>3.75</td><td>18.75</td><td>3.44</td><td>3.75</td></tr><tr><td>4 years</td><td>18.75</td><td>3.41</td><td>3.75</td><td>18.75</td><td>3.43</td><td>3.75</td><td>18.75</td><td>3.45</td><td>3.75</td></tr><tr><td>4 1/2 years</td><td>18.75</td><td>3.42</td><td>3.75</td><td>18.75</td><td>3.44</td><td>3.75</td><td>18.75</td><td>3.46</td><td>3.75</td></tr><tr><td>5 years</td><td>18.75</td><td>3.43</td><td>3.75</td><td>18.75</td><td>3.45</td><td>3.75</td><td>18.75</td><td>3.47</td><td>3.75</td></tr><tr><td>5 1/2 years</td><td>18.75</td><td>3.43</td><td>3.75</td><td>18.75</td><td>3.46</td><td>3.75</td><td>18.75</td><td>3.48</td><td>3.75</td></tr><tr><td>6 years</td><td>18.75</td><td>3.44</td><td>3.75</td><td>18.75</td><td>3.47</td><td>3.75</td><td>18.75</td><td>3.49</td><td>3.75</td></tr><tr><td>6 1/2 years</td><td>18.75</td><td>3.45</td><td>3.75</td><td>18.75</td><td>3.48</td><td>3.75</td><td>18.75</td><td>3.50</td><td>3.75</td></tr><tr><td>7 years</td><td>18.75</td><td>3.46</td><td>3.75</td><td>18.75</td><td>3.49</td><td>3.75</td><td>18.75</td><td>3.51</td><td>3.75</td></tr><tr><td>7 1/2 years</td><td>18.75</td><td>3.47</td><td>3.75</td><td>18.75</td><td>3.50</td><td>3.75</td><td>18.75</td><td>3.52</td><td>3.75</td></tr><tr><td>8 years</td><td>18.75</td><td>3.48</td><td>3.75</td><td>18.75</td><td>3.51</td><td>3.75</td><td>18.75</td><td>3.53</td><td>3.75</td></tr><tr><td>8 1/2 years</td><td>18.75</td><td>3.49</td><td>3.75</td><td>18.75</td><td>3.52</td><td>3.75</td><td>18.75</td><td>3.54</td><td>3.75</td></tr><tr><td>9 years</td><td>18.75</td><td>3.50</td><td>...</td><td>18.75</td><td>3.54</td><td>...</td><td>18.75</td><td>3.55</td><td>...</td></tr><tr><td>9 1/2 years</td><td>18.75</td><td>3.51</td><td>...</td><td>18.75</td><td>3.55</td><td>...</td><td>18.75</td><td>3.56</td><td>...</td></tr><tr><td>10 years (extended maturity) 6/</td><td>18.75</td><td>3.52</td><td>...</td><td>18.75</td><td>3.56</td><td>...</td><td>18.75</td><td>3.57</td><td>...</td></tr></table>
1/ At all times except that bond is not redeemable during first six months.
2/ Other denominations are: $500, $5,000 and $10,000.
3/ Approximates investment yields are expressed in terms of rate percent per annum, compounded semiannually.
4/ Approximate investment yield from issue date to each interest payment date.
5/ Approximate investment yield from each interest payment date to next maturity.
6/ 19-2/3 years after issue date.
* Approximate investment yield on basis of original (prior to June 1, 1959 revision) schedule of interest checks (1) for entire 9-2/3 years to first maturity is 3 percent; (2) as shown for any period from each interest payment date to first maturity.
* Revised approximate investment yield from effective date of revision to first maturity.
* Approximate investment yield for entire period from first maturity to extended maturity is 3-3/4 percent per annum.
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the tables on public debt operations.
October 1961
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 transactions 2/</th><th rowspan="2">Clearing account, etc. 3/</th><th rowspan="2">Net increase in public debt, or decrease (-)</th><th rowspan="2">Net increase in Treasurer's account, or decrease (-)</th><th rowspan="2">Treasurer's account balance</th><th colspan="4">Levels, end of period</th></tr><tr><th>Net receipts 1/</th><th>Expenditures 1/</th><th>Surplus, or deficit (-)</th><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Subject to limitation 4/</th></tr><tr><td colspan="14">Fiscal years:</td></tr><tr><td>1948 2/</td><td>41,375</td><td>32,955</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 2/</td><td>37,663</td><td>39,474</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>36,422</td><td>39,544</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>47,480</td><td>43,970</td><td>3,510</td><td>679</td><td>-214</td><td>-2,135</td><td>1,839</td><td>7,357</td><td>255,222</td><td>29</td><td>255,251</td><td>254,567</td></tr><tr><td>1952</td><td>61,287</td><td>65,303</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>64,671</td><td>74,120</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>64,420</td><td>67,537</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>60,209</td><td>64,389</td><td>-4,180</td><td>231</td><td>284</td><td>3,115</td><td>-551</td><td>6,216</td><td>274,374</td><td>44</td><td>274,418</td><td>273,915</td></tr><tr><td>1956</td><td>67,850</td><td>66,224</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>70,562</td><td>68,966</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>68,550</td><td>71,369</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>67,915</td><td>80,342</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</td><td>77,763</td><td>76,539</td><td>1,224</td><td>-50</td><td>-145</td><td>1,625</td><td>2,651</td><td>8,005</td><td>286,331</td><td>140</td><td>286,471</td><td>286,065</td></tr><tr><td>1961 p.</td><td>77,578</td><td>81,503</td><td>-3,925</td><td>-559</td><td>533</td><td>2,640</td><td>-1,311</td><td>6,694</td><td>288,971</td><td>240</td><td>289,211</td><td>288,862</td></tr><tr><td>1962 (Est.)</td><td>82,433</td><td>87,723</td><td>-5,290</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 colspan="14">Calendar years:</td></tr><tr><td>1948</td><td>40,800</td><td>35,559</td><td>5,241</td><td>-229</td><td>199</td><td>-4,100</td><td>1,111</td><td>4,208</td><td>252,800</td><td>55</td><td>252,854</td><td>252,057</td></tr><tr><td>1949</td><td>37,464</td><td>41,056</td><td>-3,592</td><td>-502</td><td>234</td><td>4,331</td><td>471</td><td>4,679</td><td>257,130</td><td>30</td><td>257,160</td><td>256,413</td></tr><tr><td>1950</td><td>37,235</td><td>37,657</td><td>-422</td><td>311</td><td>87</td><td>-423</td><td>-447</td><td>4,232</td><td>256,708</td><td>24</td><td>256,731</td><td>256,026</td></tr><tr><td>1951</td><td>52,877</td><td>56,236</td><td>-3,358</td><td>815</td><td>-106</td><td>2,711</td><td>62</td><td>4,295</td><td>259,419</td><td>42</td><td>259,461</td><td>258,794</td></tr><tr><td>1952</td><td>64,705</td><td>70,547</td><td>-5,842</td><td>-41</td><td>-319</td><td>7,973</td><td>1,770</td><td>6,064</td><td>267,391</td><td>54</td><td>267,445</td><td>266,821</td></tr><tr><td>1953</td><td>63,654</td><td>72,811</td><td>-9,157</td><td>101</td><td>-209</td><td>7,777</td><td>-1,488</td><td>4,577</td><td>275,168</td><td>76</td><td>275,244</td><td>274,671</td></tr><tr><td>1954</td><td>60,938</td><td>64,622</td><td>-3,683</td><td>739</td><td>-34</td><td>3,582</td><td>603</td><td>5,180</td><td>278,750</td><td>34</td><td>278,784</td><td>278,256</td></tr><tr><td>1955</td><td>63,119</td><td>65,891</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>1956</td><td>70,616</td><td>66,838</td><td>3,779</td><td>267</td><td>-21</td><td>-4,141</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>1957</td><td>71,749</td><td>71,157</td><td>592</td><td>1,092</td><td>224</td><td>-1,730</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>68,262</td><td>75,349</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>1959</td><td>72,738</td><td>79,778</td><td>-7,040</td><td>23</td><td>-237</td><td>7,875</td><td>622</td><td>5,583</td><td>290,798</td><td>127</td><td>290,925</td><td>290,513</td></tr><tr><td>1960</td><td>79,518</td><td>77,565</td><td>1,953</td><td>-698</td><td>154</td><td>-581</td><td>828</td><td>6,411</td><td>290,217</td><td>156</td><td>290,373</td><td>289,971</td></tr><tr><td colspan="14">Months:</td></tr><tr><td>1960-Jan.</td><td>4,867</td><td>6,157</td><td>-1,290</td><td>-379</td><td>660</td><td>287</td><td>-722</td><td>4,862</td><td>291,085</td><td>130</td><td>291,215</td><td>290,804</td></tr><tr><td>Feb.</td><td>7,237</td><td>6,142</td><td>1,095</td><td>662</td><td>-805</td><td>-501</td><td>450</td><td>5,311</td><td>290,583</td><td>135</td><td>290,719</td><td>290,309</td></tr><tr><td>Mar.</td><td>9,580</td><td>6,423</td><td>3,157</td><td>-442</td><td>919</td><td>-3,757</td><td>-122</td><td>5,189</td><td>286,826</td><td>138</td><td>286,965</td><td>286,556</td></tr><tr><td>Apr.</td><td>5,064</td><td>6,032</td><td>-968</td><td>-137</td><td>249</td><td>1,961</td><td>1,105</td><td>6,294</td><td>288,787</td><td>132</td><td>288,919</td><td>288,511</td></tr><tr><td>May.</td><td>6,550</td><td>6,073</td><td>476</td><td>577</td><td>-416</td><td>579</td><td>1,217</td><td>7,511</td><td>289,367</td><td>133</td><td>289,500</td><td>289,093</td></tr><tr><td>June.</td><td>10,891</td><td>6,521</td><td>4,370</td><td>-420</td><td>-421</td><td>-3,036</td><td>494</td><td>8,005</td><td>286,331</td><td>140</td><td>286,471</td><td>286,065</td></tr><tr><td>July.</td><td>3,128</td><td>6,172</td><td>-3,044</td><td>-95</td><td>125</td><td>2,008</td><td>-1,006</td><td>6,998</td><td>288,338</td><td>134</td><td>288,472</td><td>288,068</td></tr><tr><td>Aug.</td><td>6,454</td><td>6,803</td><td>-349</td><td>-567</td><td>-521</td><td>334</td><td>-1,104</td><td>5,894</td><td>288,672</td><td>157</td><td>288,829</td><td>288,425</td></tr><tr><td>Sept.</td><td>8,981</td><td>6,793</td><td>2,188</td><td>-124</td><td>607</td><td>-249</td><td>2,423</td><td>8,317</td><td>288,423</td><td>161</td><td>288,584</td><td>288,181</td></tr><tr><td>Oct.</td><td>2,823</td><td>6,829</td><td>-4,006</td><td>80</td><td>217</td><td>2,063</td><td>-1,645</td><td>6,672</td><td>290,487</td><td>159</td><td>290,646</td><td>290,244</td></tr><tr><td>Nov.</td><td>6,300</td><td>6,773</td><td>-473</td><td>368</td><td>-663</td><td>-73</td><td>-841</td><td>5,831</td><td>290,414</td><td>153</td><td>290,567</td><td>290,165</td></tr><tr><td>Dec.</td><td>7,643</td><td>6,847</td><td>796</td><td>-221</td><td>202</td><td>-197</td><td>580</td><td>6,411</td><td>290,217</td><td>156</td><td>290,373</td><td>289,971</td></tr><tr><td>1961-Jan.</td><td>4,846</td><td>6,470</td><td>-1,624</td><td>-185</td><td>408</td><td>-181</td><td>-1,582</td><td>4,829</td><td>290,036</td><td>160</td><td>290,196</td><td>289,796</td></tr><tr><td>Feb.</td><td>6,537</td><td>6,236</td><td>301</td><td>712</td><td>-58</td><td>508</td><td>1,463</td><td>6,292</td><td>290,544</td><td>196</td><td>290,740</td><td>290,340</td></tr><tr><td>Mar.</td><td>8,524</td><td>7,012</td><td>1,512</td><td>-629</td><td>692</td><td>-3,072</td><td>-1,498</td><td>4,794</td><td>287,471</td><td>211</td><td>287,682</td><td>287,284</td></tr><tr><td>Apr.</td><td>5,125</td><td>6,450</td><td>-1,325</td><td>24</td><td>25</td><td>516</td><td>-761</td><td>4,034</td><td>287,987</td><td>219</td><td>288,206</td><td>287,809</td></tr><tr><td>May.</td><td>6,467</td><td>7,169</td><td>-702</td><td>49</td><td>-377</td><td>2,158</td><td>1,128</td><td>5,162</td><td>290,146</td><td>225</td><td>290,371</td><td>289,975</td></tr><tr><td>June p.</td><td>10,749</td><td>7,948</td><td>2,801</td><td>29</td><td>-123</td><td>-1,175</td><td>1,532</td><td>6,694</td><td>288,971</td><td>240</td><td>289,211</td><td>288,862</td></tr><tr><td>July.</td><td>2,982</td><td>6,322</td><td>-3,340</td><td>-66</td><td>-129</td><td>3,433</td><td>-101</td><td>6,593</td><td>292,404</td><td>239</td><td>292,643</td><td>292,199</td></tr><tr><td>Aug.</td><td>6,367</td><td>7,631</td><td>-1,265</td><td>-120</td><td>-498</td><td>1,310</td><td>-572</td><td>6,020</td><td>293,714</td><td>249</td><td>293,964</td><td>293,521</td></tr></table>
Source: Actual figures through the fiscal year 1952 and the calendar year 1953 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 based on budget messages of the President dated March 24, and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments submitted to the Congress on July 26, 1961. More detail for data on this page will be found in succeeding tables.
1/ Fiscal year figures beginning with the September 1960 issue of the Treasury Bulletin, and calendar year figures beginning with the June 1961 issue exclude certain interfund transactions from both net budget receipts and budget expenditures (see pages II, 2, and 4). Figures previously published for these series have been revised to the new reporting basis. The change does not affect the budget surplus or deficit.
2/ Excess of receipts, or expenditures (-). For detail, see pages 9 - 13.
3/ 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 (-). 4/ 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 date when each became effective are as follows: $275 billion, on June 26, 1946, $281 billion, on August 28, 1954; $278 billion, on July 1, 1956; $275 billion, on July 1, 1957; $280 billion, on February 26, 1958; $288 billion, on September 2, 1958; $290 billion, on June 30, 1959; $295 billion, on July 1, 1959; and $293 billion, on July 1, 1960. From July 1, 1961, through June 30, 1962, the limit is $298 billion. Thereafter it will revert to $285 billion. 5/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures. 6/ The President's messages referred to in the source note above did not include detailed estimates for these items. Preliminary.
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="3">Income taxes</th><th colspan="5">Internal revenue</th><th rowspan="2">Customs</th></tr><tr><th>Corporation</th><th>Not withheld 1/</th><th>Withheld 1/</th><th>Total income taxes</th><th>For old-age and disability insurance 1/ 2/</th><th>For railroad retirement 2/</th><th>For unemployment insurance 4/</th><th>Total employment taxes</th><th>Estate and gift taxes</th><th>Excise taxes 2/</th><th>Taxes not otherwise classified 6/</th><th>Total internal revenue 6/</th></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>10,014</td><td>9</td><td>70,300</td><td>562</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>936</td><td>9,211</td><td>7</td><td>66,289</td><td>606</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>5</td><td>75,109</td><td>705</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 5/</td><td>15</td><td>80,172</td><td>754</td></tr><tr><td>1958.........</td><td>20,533</td><td>11,528</td><td>27,041</td><td>59,102</td><td>7,733</td><td>575</td><td>336</td><td>8,644</td><td>1,411</td><td>10,814</td><td>7</td><td>79,978</td><td>800</td></tr><tr><td>1959.........</td><td>18,092</td><td>11,733</td><td>29,001</td><td>58,826</td><td>8,004</td><td>525</td><td>324</td><td>8,854</td><td>1,353</td><td>10,760</td><td>5</td><td>79,798</td><td>948</td></tr><tr><td>1960.........</td><td>22,179</td><td>13,271</td><td>31,675</td><td>67,125</td><td>10,211</td><td>607</td><td>341</td><td>11,159</td><td>1,626</td><td>11,865</td><td>-</td><td>91,775</td><td>1,123</td></tr><tr><td>1961 p......</td><td>21,765</td><td>13,175</td><td>32,969</td><td>67,909</td><td>11,586</td><td>571</td><td>345</td><td>12,502</td><td>1,916</td><td>12,069</td><td>-</td><td>94,396</td><td>1,008</td></tr><tr><td>1962 (Est.)...</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>1961-Jan.....</td><td>534</td><td>2,149 8/</td><td>1,049 8/</td><td>3,732</td><td>30, 8/</td><td>13</td><td>32</td><td>348</td><td>171</td><td>918</td><td>-</td><td>5,169</td><td>82</td></tr><tr><td>Feb.........</td><td>444</td><td>786</td><td>4,781</td><td>6,011</td><td>1,448</td><td>77</td><td>289</td><td>1,814</td><td>161</td><td>861</td><td>-</td><td>8,847</td><td>70</td></tr><tr><td>Mar.........</td><td>5,799</td><td>759</td><td>2,413</td><td>8,970</td><td>1,285</td><td>48</td><td>15</td><td>1,348</td><td>190</td><td>1,082</td><td>-</td><td>11,591</td><td>88</td></tr><tr><td>Apr.........</td><td>493</td><td>3,403 8/</td><td>916 8/</td><td>4,812</td><td>720 8/</td><td>14</td><td>2</td><td>736</td><td>244</td><td>831</td><td>-</td><td>6,624</td><td>73</td></tr><tr><td>May.........</td><td>411</td><td>956</td><td>4,743</td><td>6,110</td><td>1,941</td><td>77</td><td>2</td><td>2,020</td><td>187</td><td>1,072</td><td>-</td><td>9,390</td><td>85</td></tr><tr><td>June p......</td><td>5,246</td><td>1,937 8/</td><td>2,450 8/</td><td>9,633</td><td>1,127 8/</td><td>44</td><td>1</td><td>1,173</td><td>145</td><td>1,067</td><td>-</td><td>12,018</td><td>84</td></tr><tr><td>July.........</td><td>520</td><td>245</td><td>1,235</td><td>2,000</td><td>291</td><td>14</td><td>1</td><td>306</td><td>147</td><td>975</td><td>-</td><td>3,428</td><td>91</td></tr><tr><td>Aug.........</td><td>382</td><td>161</td><td>4,654</td><td>5,197</td><td>1,736</td><td>84</td><td>1</td><td>1,821</td><td>158</td><td>1,197</td><td>-</td><td>8,373</td><td>98</td></tr><tr><td>1962 to date..</td><td>902</td><td>406</td><td>5,889</td><td>7,197</td><td>2,027</td><td>98</td><td>2</td><td>2,127</td><td>305</td><td>2,173</td><td>-</td><td>11,801</td><td>189</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Miscellaneous receipts 9/</th><th>Total budget receipts</th><th colspan="5">Less: Transfers of tax receipts to -</th><th colspan="4">Less: Refunds of receipts 14/</th><th>Budget receipts net of refunds and transfers to trust accounts</th><th>Less: Interfund transactions 15/</th><th>Net budget receipts 16/</th></tr><tr><th></th><th></th><th></th><th>FOASI Trust Fund 2/</th><th>Federal Disability Insurance Trust Fund 10/</th><th>Railroad Retirement Account 11/</th><th>Unemployment Trust Fund 12/</th><th>Highway Trust Fund 13/</th><th>Internal Revenue</th><th>Customs</th><th>Other</th><th>Total refunds</th><th></th><th></th><th></th></tr><tr><td>1954.........</td><td>2,311</td><td>73,173</td><td>4,537</td><td>-</td><td>603</td><td>-</td><td>-</td><td>3,345</td><td>20</td><td>11</td><td>3,377</td><td>64,655</td><td>235</td><td>64,420</td></tr><tr><td>1955.........</td><td>2,559</td><td>69,454</td><td>5,040 17/</td><td>-</td><td>599</td><td>-</td><td>-</td><td>3,400</td><td>22</td><td>4</td><td>3,426</td><td>60,390</td><td>181</td><td>60,209</td></tr><tr><td>1956.........</td><td>3,006</td><td>78,820</td><td>6,337</td><td>-</td><td>634</td><td>-</td><td>-</td><td>3,653</td><td>23</td><td>8</td><td>3,684</td><td>68,165</td><td>315</td><td>67,850</td></tr><tr><td>1957.........</td><td>2,749</td><td>83,675</td><td>6,301</td><td>333</td><td>616</td><td>-</td><td>1,479</td><td>3,894</td><td>20</td><td>3</td><td>3,917</td><td>71,029</td><td>467</td><td>70,562</td></tr><tr><td>1958.........</td><td>3,196</td><td>83,974</td><td>6,870</td><td>863</td><td>575</td><td>-</td><td>2,116</td><td>4,413</td><td>18</td><td>2</td><td>4,433</td><td>69,117</td><td>567</td><td>68,550</td></tr><tr><td>1959.........</td><td>3,158</td><td>83,904</td><td>7,158</td><td>847</td><td>525</td><td>-</td><td>2,171</td><td>4,907</td><td>23</td><td>3</td><td>4,933</td><td>68,270</td><td>355</td><td>67,915</td></tr><tr><td>1960.........</td><td>4,064</td><td>96,962</td><td>9,272</td><td>939</td><td>607</td><td>-</td><td>2,642</td><td>5,024</td><td>18</td><td>2</td><td>5,045</td><td>78,457</td><td>694</td><td>77,763</td></tr><tr><td>1961 p......</td><td>4,001</td><td>99,405</td><td>10,623</td><td>963</td><td>571</td><td>345</td><td>2,923</td><td>5,725</td><td>25</td><td>2</td><td>5,752</td><td>78,227</td><td>649</td><td>77,578</td></tr><tr><td>1962 (Est.)...</td><td>7/</td><td>105,641</td><td>7/</td><td>7/</td><td>7/</td><td>7/</td><td>7/</td><td>7/</td><td>7/</td><td>7/</td><td>7/</td><td>83,100</td><td>667</td><td>82,433</td></tr><tr><td>1961-Jan.....</td><td>286</td><td>5,537</td><td>282 8/</td><td>22 8/</td><td>13</td><td>32</td><td>223</td><td>62</td><td>2</td><td>*</td><td>64</td><td>4,901</td><td>55</td><td>4,846</td></tr><tr><td>Feb.........</td><td>236</td><td>9,153</td><td>1,328</td><td>120</td><td>77</td><td>289</td><td>235</td><td>528</td><td>2</td><td>*</td><td>530</td><td>6,574</td><td>36</td><td>6,537</td></tr><tr><td>Mar.........</td><td>199</td><td>11,878</td><td>1,173</td><td>112</td><td>48</td><td>15</td><td>213</td><td>1,790</td><td>2</td><td>*</td><td>1,792</td><td>8,525</td><td>1</td><td>8,524</td></tr><tr><td>Apr.........</td><td>662</td><td>7,359</td><td>658 8/</td><td>62 8/</td><td>14</td><td>2</td><td>201</td><td>1,292</td><td>3</td><td>1</td><td>1,296</td><td>5,126</td><td>1</td><td>5,125</td></tr><tr><td>May.........</td><td>292</td><td>9,767</td><td>1,784</td><td>156</td><td>77</td><td>2</td><td>237</td><td>1,032</td><td>3</td><td>*</td><td>1,036</td><td>6,473</td><td>6</td><td>6,467</td></tr><tr><td>June p.....</td><td>540</td><td>12,642</td><td>1,025 8/</td><td>102 8/</td><td>44</td><td>1</td><td>238</td><td>239</td><td>2</td><td>*</td><td>242</td><td>10,989</td><td>240</td><td>10,749</td></tr><tr><td>July.........</td><td>260</td><td>3,779</td><td>266</td><td>25</td><td>14</td><td>1</td><td>253</td><td>176</td><td>2</td><td>*</td><td>178</td><td>3,042</td><td>59</td><td>2,982</td></tr><tr><td>Aug.........</td><td>242</td><td>8,713</td><td>1,589</td><td>147</td><td>84</td><td>1</td><td>273</td><td>200</td><td>3</td><td>*</td><td>203</td><td>6,416</td><td>49</td><td>6,367</td></tr><tr><td>1962 to date..</td><td>502</td><td>12,492</td><td>1,855</td><td>172</td><td>98</td><td>2</td><td>526</td><td>376</td><td>5</td><td>*</td><td>381</td><td>9,458</td><td>109</td><td>9,349</td></tr></table>
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases see page II); estimates are based on budget messages of the President dated March 24 and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments submitted to the Congress on July 26, 1961.
1/ 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 9), and also for transfer to the Federal Disability Insurance Trust Fund (see footnote 10).
2/ Taxes on employers and employees under the Federal Insurance Contr-
butions Act, as amended (26 U.S.C. 3101-3125), and 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.
3/ Taxes on carriers and their employees under the Railroad Retirement Tax Act, as amended (26 U.S.C. 3201-3233).
4/ 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.
5/ For further detail, see tables under "Internal Revenue Collections." Beginning 1957, includes collections under increased rates in the Highway Revenue Act of 1956 (see footnote 13).
October 1961
3
BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Interest</th><th>Dividends and other earnings</th><th>Realization upon loans and investments</th><th>Recoveries and refunds</th><th>Sale of Government property</th><th>Sale of products</th><th>Seigniorage</th><th>Fees for permits and licenses</th><th>Fees and other charges for services, etc.</th><th>Rentalties</th><th>Fines, penalties, and forfeitures</th><th>Other 1/</th><th>Adjustment to monthly statement 2/</th></tr><tr><td>1954</td><td>2,311</td><td>458</td><td>361</td><td>240</td><td>323</td><td>221</td><td>221</td><td>73</td><td>45</td><td>208</td><td>83</td><td>59</td><td>13</td><td>5</td><td>-</td></tr><tr><td>1955</td><td>2,559</td><td>408</td><td>252</td><td>274</td><td>410</td><td>363</td><td>253</td><td>29</td><td>47</td><td>225</td><td>212</td><td>66</td><td>15</td><td>5</td><td>-</td></tr><tr><td>1956</td><td>3,006</td><td>554</td><td>291</td><td>296</td><td>471</td><td>480</td><td>313</td><td>23</td><td>49</td><td>194</td><td>194</td><td>69</td><td>66</td><td>5</td><td>-</td></tr><tr><td>1957</td><td>2,749</td><td>628</td><td>438</td><td>328</td><td>266</td><td>387</td><td>312</td><td>49</td><td>49</td><td>160</td><td>28</td><td>79</td><td>20</td><td>6</td><td>-</td></tr><tr><td>1958</td><td>3,196</td><td>745</td><td>674</td><td>328</td><td>322</td><td>345</td><td>304</td><td>59</td><td>53</td><td>161</td><td>86</td><td>90</td><td>23</td><td>5</td><td>-</td></tr><tr><td>1959</td><td>3,158</td><td>601</td><td>506</td><td>587</td><td>343</td><td>325</td><td>350</td><td>44</td><td>54</td><td>133</td><td>93</td><td>93</td><td>23</td><td>8</td><td>-</td></tr><tr><td>1960</td><td>4,064</td><td>967</td><td>1,111</td><td>436</td><td>114</td><td>392</td><td>374</td><td>53</td><td>57</td><td>111</td><td>325</td><td>96</td><td>16</td><td>12</td><td>-</td></tr><tr><td>1961 p</td><td>4,001</td><td>936</td><td>805</td><td>1,007</td><td>179</td><td>289</td><td>376</td><td>55</td><td>78</td><td>96</td><td>90</td><td>69</td><td>13</td><td>11</td><td>-3</td></tr><tr><td>1962 (Est.) 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-Jan.</td><td>286</td><td>73</td><td>67</td><td>55</td><td>12</td><td>21</td><td>26</td><td>2</td><td>3</td><td>8</td><td>7</td><td>9</td><td>2</td><td>1</td><td>*</td></tr><tr><td>Feb.</td><td>236</td><td>37</td><td>53</td><td>41</td><td>9</td><td>12</td><td>41</td><td>3</td><td>20</td><td>11</td><td>7</td><td>-2</td><td>2</td><td>2</td><td>*</td></tr><tr><td>Mar.</td><td>199</td><td>3</td><td>51</td><td>35</td><td>22</td><td>25</td><td>24</td><td>4</td><td>6</td><td>7</td><td>9</td><td>11</td><td>1</td><td>1</td><td>*</td></tr><tr><td>Apr.</td><td>662</td><td>6</td><td>56</td><td>517</td><td>9</td><td>14</td><td>23</td><td>6</td><td>6</td><td>8</td><td>8</td><td>8</td><td>1</td><td>1</td><td>*</td></tr><tr><td>May.</td><td>292</td><td>11</td><td>61</td><td>102</td><td>10</td><td>27</td><td>29</td><td>8</td><td>15</td><td>11</td><td>7</td><td>10</td><td>1</td><td>1</td><td>*</td></tr><tr><td>June p.</td><td>540</td><td>311</td><td>61</td><td>-10</td><td>46</td><td>38</td><td>61</td><td>4</td><td>5</td><td>7</td><td>7</td><td>10</td><td>1</td><td>1</td><td>-3</td></tr><tr><td>July.</td><td>260</td><td>70</td><td>63</td><td>58</td><td>10</td><td>12</td><td>19</td><td>3</td><td>4</td><td>6</td><td>6</td><td>8</td><td>*</td><td>*</td><td>*</td></tr></table>
Source: Actual figures are from reports to the Treasury Department by disbursing officers, on the monthly statement reporting basis (see page II); estimates are based on budget messages of the President dated March 24 and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments submitted to the Congress on July 26, 1961.
1/ Consists of miscellaneous taxes (principally the tonnage tax on foreign vessels entering U. S. ports), bullion charges, and gifts and contributions.
2/ Difference between the total shown in the monthly statement of receipts and expenditures of the Government (based on preliminary reports) and that from final accounts of disbursing officers.
3/ See Table 1, footnote 7.
* Less than $500,000. p Preliminary.
Footnotes to Table 1 - (Continued)
6/ In the 1962 Budget document, Special Analysis G, taxes not otherwise classified are included in miscellaneous receipts. 
7/ The President's messages referred to in the source note on page 2 did not include detailed estimates for these items. 
8/ Figures shown include (see footnote 9) decreases in income tax withheld of $8, million in January, $3 million in April, and $170 million in June, and in income tax not withheld of $7 million in January, $3 million in April, and $6 million in June; increases in transfers to Federal Old-Age and Survivors Insurance Trust Fund of $86 million in January, $3 million in April, and $162 million in June, and to Federal Disability Insurance Trust Fund of $4 million in January, $3 million in April, and $15 million in June. 
9/ 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. 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 (42 U.S.C. 401 (a)), and are adjusted in later transfers on the basis of wage and self-employment income records maintained in the Social Security Administration. The amount of old-age insurance tax refunds is reimbursed to the general fund by the trust fund. 
10/ The Federal Disability Insurance Trust Fund was established by the Social Security Act Amendments of 1956, approved August 1, 1956 (42 U.S.C. 401 (b)). The act appropriated to the trust fund amounts 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. 
11/ 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. Figures for 1954
12/ The Employment Security Act of 1960, approved September 13, 1960 (74 Stat. 970) established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account, beginning with the fiscal year 1961, amounts equivalent to taxes collected and deposited under the Federal Unemployment Tax Act. The tax receipts are transferred currently on the basis of estimates by the Secretary of the Treasury, with later adjustments as necessary. From that account are to be paid the administrative expenses of the employment security program. Previously the corresponding amounts were included, respectively, in budget receipts and budget expenditures. Refunds of taxes are to be reimbursed from the administration account.
13/ The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C. 120, Note) established a Highway Trust Fund from which are to be made, as provided by appropriation acts, Federal-aid highway expenditures 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 fiscal year 1957 corresponding excise tax receipts were included in net budget receipts and Federal-aid highway expenditures were included in budget expenditures.
14/ Interest on refunds is included in expenditures in Table 3.
15/ For content, see Table 4. These transactions are included in the detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
16/ Figures in this column differ from those published under the same caption prior to the September 1960 Treasury Bulletin because of the exclusion of certain interfund transactions (see footnote 15).
17/ Transfers reduced by $300 million to correct those made earlier on basis of estimates (see footnote 9).
* Less than $500,000. p Preliminary.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(in millions of dollars)
<table><tr><th>Placed year or month</th><th>Legislative Branch</th><th>Judiciary</th><th>Executive Office of the President</th><th>Funds appropriated to the President</th><th>Independent offices</th><th>General Services Administra-tion</th><th>Housing and Home Finance Agency</th><th>Agriculture Department</th><th>Commerce Department</th><th>Defense Department Military</th><th>Civil functions</th></tr><tr><td>1954</td><td>59</td><td>28</td><td>9</td><td>5,282</td><td>6,473 1/2</td><td>806</td><td>-615</td><td>2,915</td><td>1,000</td><td>40,336</td><td>605</td></tr><tr><td>1955</td><td>65</td><td>30</td><td>9</td><td>4,381</td><td>6,791</td><td>973</td><td>129</td><td>4,636</td><td>1,077</td><td>35,532</td><td>548</td></tr><tr><td>1956</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>1,293</td><td>35,791</td><td>573</td></tr><tr><td>1957</td><td>97</td><td>39</td><td>10</td><td>4,115</td><td>7,707 2/2</td><td>570</td><td>-23</td><td>5,006</td><td>562 1/2</td><td>38,439</td><td>639</td></tr><tr><td>1958</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>645</td><td>39,062</td><td>733</td></tr><tr><td>1959</td><td>118</td><td>47</td><td>56</td><td>4,109</td><td>9,315</td><td>359</td><td>1,152</td><td>7,091</td><td>382</td><td>41,233</td><td>807</td></tr><tr><td>1960</td><td>126</td><td>49</td><td>56</td><td>1,764 1/2</td><td>9,006 1/2</td><td>408</td><td>309</td><td>5,419</td><td>539</td><td>42,824</td><td>902</td></tr><tr><td>1961 p</td><td>134</td><td>52</td><td>70</td><td>1,795</td><td>10,278</td><td>387</td><td>498</td><td>5,954</td><td>498</td><td>44,651</td><td>971</td></tr><tr><td>1962 (Est.)</td><td>147</td><td>60</td><td>92</td><td>2,125</td><td>10,987</td><td>498</td><td>942</td><td>6,440</td><td>633</td><td>48,340</td><td>1,021</td></tr><tr><td>1961-January</td><td>9</td><td>4</td><td>9</td><td>175</td><td>807</td><td>29</td><td>48</td><td>485</td><td>-25</td><td>3,497</td><td>73</td></tr><tr><td>February</td><td>10</td><td>4</td><td>6</td><td>155</td><td>862</td><td>30</td><td>24</td><td>157</td><td>49</td><td>3,550</td><td>65</td></tr><tr><td>March</td><td>10</td><td>4</td><td>6</td><td>172</td><td>921</td><td>41</td><td>62</td><td>240</td><td>35</td><td>4,043</td><td>65</td></tr><tr><td>April</td><td>8</td><td>4</td><td>5</td><td>166</td><td>900</td><td>28</td><td>30</td><td>431</td><td>54</td><td>3,526</td><td>67</td></tr><tr><td>May</td><td>12</td><td>5</td><td>6</td><td>155</td><td>899</td><td>33</td><td>39</td><td>601</td><td>46</td><td>3,891</td><td>74</td></tr><tr><td>June p</td><td>14</td><td>5</td><td>6</td><td>130</td><td>908</td><td>48</td><td>31</td><td>780</td><td>30</td><td>4,342</td><td>117</td></tr><tr><td>July</td><td>12</td><td>4</td><td>6</td><td>121</td><td>836</td><td>24</td><td>107</td><td>520</td><td>66</td><td>3,205</td><td>64</td></tr><tr><td>August</td><td>16</td><td>4</td><td>7</td><td>153</td><td>1,105</td><td>40</td><td>64</td><td>763</td><td>43</td><td>3,808</td><td>98</td></tr><tr><td>1962 to date</td><td>28</td><td>8</td><td>13</td><td>274</td><td>1,941</td><td>64</td><td>171</td><td>1,283</td><td>109</td><td>7,013</td><td>162</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Health, Education, and Welfare Department</th><th rowspan="2">Interior Department</th><th rowspan="2">Justice Department</th><th rowspan="2">Labor Department</th><th rowspan="2">Post Office Department 2/</th><th rowspan="2">State Department</th><th colspan="3">Treasury Department</th><th rowspan="2">District of Columbia 7/</th><th rowspan="2">Total by agencies</th><th rowspan="2">Less: Interfund transactions 8/</th><th rowspan="2">Total budget expenditures 2/</th></tr><tr><th>On public debt 6/</th><th>Interest On refunds of taxes</th><th>Other</th></tr><tr><td>1954</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><td>67,772</td><td>235</td><td>67,537</td></tr><tr><td>1955</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><td>64,570</td><td>181</td><td>64,389</td></tr><tr><td>1956</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><td>66,540</td><td>315</td><td>66,224</td></tr><tr><td>1957</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>748</td><td>26</td><td>69,433 2/ 3/</td><td>467</td><td>68,966</td></tr><tr><td>1958</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><td>71,936</td><td>567</td><td>71,369</td></tr><tr><td>1959</td><td>3,092</td><td>751</td><td>250</td><td>1,016</td><td>774</td><td>272</td><td>7,593</td><td>69</td><td>2,178 10/</td><td>31</td><td>80,697</td><td>355</td><td>80,342</td></tr><tr><td>1960</td><td>3,403</td><td>690</td><td>258</td><td>549</td><td>525</td><td>247</td><td>9,180</td><td>76</td><td>875</td><td>28</td><td>77,233</td><td>694</td><td>76,539</td></tr><tr><td>1961 p.</td><td>3,685</td><td>801</td><td>284</td><td>831 11/</td><td>929</td><td>253</td><td>8,962</td><td>83</td><td>987 10/</td><td>50</td><td>82,152 12/</td><td>649</td><td>81,503 12/</td></tr><tr><td>1962 (Est.)</td><td>4,798</td><td>906</td><td>296</td><td>714</td><td>63</td><td>351</td><td>8,600</td><td>83</td><td>1,130</td><td>66</td><td>88,390 13/</td><td>667</td><td>87,723 13/</td></tr><tr><td>1961-January</td><td>338</td><td>60</td><td>23</td><td>58</td><td>54</td><td>23</td><td>775</td><td>4</td><td>74</td><td>4</td><td>6,524</td><td>55</td><td>6,470</td></tr><tr><td>February</td><td>326</td><td>65</td><td>22</td><td>49</td><td>96</td><td>3</td><td>719</td><td>6</td><td>74</td><td>2</td><td>6,272</td><td>36</td><td>6,236</td></tr><tr><td>March</td><td>315</td><td>69</td><td>29</td><td>69</td><td>82</td><td>21</td><td>726</td><td>10</td><td>93</td><td>1</td><td>7,013</td><td>1</td><td>7,012</td></tr><tr><td>April</td><td>308</td><td>55</td><td>23</td><td>-114</td><td>138</td><td>15</td><td>722</td><td>8</td><td>78</td><td>1</td><td>6,451</td><td>1</td><td>6,450</td></tr><tr><td>May</td><td>306</td><td>60</td><td>24</td><td>140</td><td>82</td><td>15</td><td>717</td><td>5</td><td>63</td><td>2</td><td>7,175</td><td>6</td><td>7,169</td></tr><tr><td>June p.</td><td>338</td><td>67</td><td>23</td><td>333</td><td>135</td><td>21</td><td>763</td><td>7</td><td>79</td><td>10</td><td>8,188</td><td>240</td><td>7,948</td></tr><tr><td>July</td><td>325</td><td>66</td><td>23</td><td>50</td><td>7</td><td>80</td><td>765</td><td>8</td><td>74</td><td>20</td><td>6,381</td><td>59</td><td>6,322</td></tr><tr><td>August</td><td>418</td><td>106</td><td>25</td><td>78</td><td>93</td><td>25</td><td>730</td><td>9</td><td>91</td><td>3</td><td>7,681</td><td>49</td><td>7,631</td></tr><tr><td>1962 to date</td><td>743</td><td>172</td><td>48</td><td>128</td><td>100</td><td>105</td><td>1,495</td><td>17</td><td>164</td><td>23</td><td>14,062</td><td>109</td><td>13,953</td></tr></table>
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page 11); estimates are based on budget messages of the President dated March 24, and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments submitted to the Congress on July 26, 1961.
Figures in this table are for agencies as constituted at the time the expenditures were made, and therefore do not necessarily represent functions which are comparable over a period of time. For expenditures by functions on a consistent basis, see Table 6. 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, Alaska Road Construction from "Interior Department" to "Commerce Department," and Federal intermediate credit banks and production credit corporations as indicated in footnote 2; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General Services Administration," and Informational Media Guaranty Fund from "Funds appropriated to the President" to "Independent offices"; beginning 1959, Federal Civil Defense Administration from "Independent offices" to "Executive Office of the President," and the former Civil Aeronautics Administration and the Civil Aeronautics Board from "Commerce
Department" to "Independent officer"; beginning 1960, military assistance from "Funds appropriated to the President" to "Defense Department, military," pursuant to budgeting instructions in the Mutual Security Act of 1959, approved July 24, 1959 (22 U.S.C. 1813
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 Administration, Administrator of General Services, Administrator of Small Business Administration, and Secretary of the Treasury.
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.
3/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1). Remaining footnotes on following page.
October 1961
5
BUDGET RECEIPTS AND EXPENDITURES
Table 4.
Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Total interest</th><th>Commodity Credit Corp.</th><th>Export-Import Bank of Washington 2/</th><th>Housing and Home Finance Agency 2/</th><th>Panama Canal Company</th><th>Small Business Admin.</th><th>Tennessee Valley Authority</th><th>Veterans' Administration 4/</th><th>Under Defense Production Act 5/</th><th>Other 6/</th><th>Reimbursement by Panama Canal Company 7/</th><th>Federal Intermediated credit banks' franchise tax 8/</th><th>Charges for audits of various agencies</th></tr><tr><td>1954</td><td>235</td><td>228</td><td>91</td><td>28</td><td>82</td><td>7</td><td>*</td><td>1</td><td>4</td><td>8</td><td>8</td><td>6</td><td>*</td><td>1</td></tr><tr><td>1955</td><td>181</td><td>173</td><td>60</td><td>26</td><td>51</td><td>11</td><td>*</td><td>1</td><td>6</td><td>15</td><td>3</td><td>7</td><td>*</td><td>1</td></tr><tr><td>1956</td><td>315</td><td>297</td><td>175</td><td>25</td><td>48</td><td>17</td><td>1</td><td>*</td><td>8</td><td>20</td><td>3</td><td>17</td><td>*</td><td>1</td></tr><tr><td>1957</td><td>467</td><td>456</td><td>340</td><td>24</td><td>47</td><td>6</td><td>1</td><td>-</td><td>10</td><td>24</td><td>3</td><td>10</td><td>*</td><td>1</td></tr><tr><td>1958</td><td>567</td><td>557</td><td>421</td><td>31</td><td>45</td><td>11</td><td>3</td><td>-</td><td>14</td><td>30</td><td>4</td><td>9</td><td>-</td><td>1</td></tr><tr><td>1959</td><td>355</td><td>342</td><td>181</td><td>41</td><td>39</td><td>9</td><td>7</td><td>-</td><td>19</td><td>42</td><td>4</td><td>12</td><td>-</td><td>1</td></tr><tr><td>1960</td><td>694</td><td>682</td><td>465</td><td>46</td><td>90</td><td>9</td><td>7</td><td>-</td><td>23</td><td>35</td><td>7</td><td>11</td><td>-</td><td>1</td></tr><tr><td>1961 p.</td><td>649</td><td>638</td><td>410</td><td>43</td><td>118</td><td>7</td><td>15</td><td>-</td><td>32</td><td>6</td><td>8</td><td>10</td><td>-</td><td>1</td></tr><tr><td>1962 (Est.)</td><td>667</td><td>654</td><td>375</td><td>43</td><td>147</td><td>9</td><td>14</td><td>-</td><td>39</td><td>19</td><td>9</td><td>13</td><td>-</td><td>1</td></tr><tr><td>1961-January</td><td>55</td><td>55</td><td>*</td><td>*</td><td>52</td><td>*</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2</td><td>-</td><td>-</td><td>*</td></tr><tr><td>February</td><td>36</td><td>33</td><td>*</td><td>*</td><td>13</td><td>2</td><td>-</td><td>-</td><td>17</td><td>*</td><td>*</td><td>3</td><td>-</td><td>*</td></tr><tr><td>March</td><td>1</td><td>1</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>April</td><td>1</td><td>1</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>May</td><td>6</td><td>3</td><td>-</td><td>*</td><td>*</td><td>2</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>3</td><td>-</td><td>*</td></tr><tr><td>June p.</td><td>240</td><td>240</td><td>217</td><td>21</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td><td>-</td><td>*</td></tr><tr><td>July</td><td>59</td><td>59</td><td>*</td><td>*</td><td>56</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>*</td><td>-</td><td>-</td><td>*</td></tr><tr><td>August</td><td>49</td><td>49</td><td>*</td><td>*</td><td>14</td><td>-</td><td>14</td><td>-</td><td>19</td><td>*</td><td>1</td><td>-</td><td>-</td><td>*</td></tr><tr><td>1962 to date</td><td>109</td><td>109</td><td>*</td><td>*</td><td>70</td><td>-</td><td>14</td><td>-</td><td>19</td><td>4</td><td>1</td><td>-</td><td>-</td><td>*</td></tr></table>
Source: See Table 2.
1/ By Government agencies operated as revolving funds; on loans (see "Debt Outstanding," Table 6) and other interest-bearing U. S. investments.
2/ Excludes transactions under Defense Production Act.
3/ Consists of payments by: Office of the Administrator for college housing, urban renewal, prefabricated housing loans through 1955, and public facility loans beginning 1957; Federal National Mortgage Association; Public Housing Administration; and Federal Housing Administration in 1954.
4/ Direct loan program.
5/ By various agencies for programs under the Defense Production Act.
6/ Consists of payments by: Reconstruction Finance Corporation through
1955; Colorado River Dam Fund, Boulder Canyon project; Virgin Islands Corporation; Bureau of Federal Credit Unions beginning 1954; Civil Defense Program Fund beginning 1954; Farm Tenant Mortgage Insurance Fund (Farmers' Home Administration) beginning 1956; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance Fund beginning 1960; and St. Lawrence Seaway Development Corporation beginning 1960.
7/ For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
8/ Realization on the Government's investment.
* Less than $500,000.
p Preliminary.
Footnotes to Table 3.
(Continued)
4/ The 1960 figures in the Bulletin differ from those in the 1962 Budget document because of a reclassification in the latter by which the President's special international program in the amount of $7 million is shifted from "Funds appropriated to the President" to "Independent Offices."
2/ From 1955 through 1959, consists of net expenditures of the Postal Fund, reflecting the change in classification of Post Office transactions to a public enterprise revolving fund basis.
6/ Reported on an accrual basis effective June 30, 1955.
7/ Consists of Federal payment and loans and advances.
8/ For content, see Table 4. These transactions are included in the detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
9/ Figures in this column differ from those published under the same caption prior to the September 1960 Treasury Bulletin because of the exclusion of certain interfund transactions (see footnote 8).
10/ Included in June 1959 in the additional $1,375 million subscribed by the United States to the International Monetary Fund, pursuant to an act approved June 17, 1959 (22 U.S.C. 286e). Of the total, $344 million was paid in gold (see "Monetary Statistics," Table 3) and the
remaining $1,031 million was paid in special nonnegotiable noninterest-bearing notes of the United States, payable on demand. Included in November 1960 is $74 million in payment of the first of five annual installments of the U. S. subscription to the International Development Association, as authorized by Public Law 86-565, approved June 30, 1960 (74 Stat. 294). Of this total, $58 million was paid in special notes of the United States, issued on a basis similar to those to the International Monetary Fund. See also "Debt Outstanding," Table 1, and "Cash Income and Outgo," Table 6.
11/ Beginning with the fiscal year 1961, administrative expenses of the employment security program are handled as trust account expenditures instead of budget expenditures, pursuant to the Employment Security Act of 1960, approved September 13, 1960 (74 Stat. 970); see Table 1, footnote 12.
12/ Includes unclassified expenditure transfers until these have been distributed in final fiscal year figures.
13/ Total includes allowance for contingencies of $100 million for 1962.
* Less than $500,000.
p Preliminary.
6
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies, as of August 31, 1961
(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, 1961 Preliminary 1/ 2/</th><th colspan="4">Additions, fiscal year 1962 to date</th><th>Transfers, borrowings, investments 7/</th></tr><tr><th></th><th></th><th>Appropriations 4/</th><th>Increase 3/ Authorizations to spend from debt receipts 5/</th><th>Other authorizations 6/</th><th>Total</th><th></th></tr><tr><td>Legislative Branch.</td><td>113</td><td>136</td><td>-</td><td>-8</td><td>128</td><td>-</td></tr><tr><td>The Judiciary.</td><td>4</td><td>9</td><td>-</td><td>-</td><td>9</td><td>-</td></tr><tr><td>Executive Office of the President.</td><td>50</td><td>98</td><td>-</td><td>-</td><td>98</td><td>-</td></tr><tr><td>Funds appropriated to the President.</td><td>3,781</td><td>322</td><td>-</td><td>-</td><td>322</td><td>-</td></tr><tr><td>Independent offices.</td><td>14,363</td><td>8,347</td><td>550</td><td>-64</td><td>8,833</td><td>-</td></tr><tr><td>General Services Administration.</td><td>415</td><td>572</td><td>-</td><td>-</td><td>572</td><td>-</td></tr><tr><td>Housing and Home Finance Agency.</td><td>12,697</td><td>428</td><td>334</td><td>-200</td><td>562</td><td>-</td></tr><tr><td>Agriculture Department.</td><td>5,185</td><td>4,723</td><td>726</td><td>5</td><td>5,454</td><td>-</td></tr><tr><td>Commerce Department.</td><td>972</td><td>572</td><td>-</td><td>16</td><td>588</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>28,711</td><td>46,663</td><td>-</td><td>-</td><td>46,663</td><td>-</td></tr><tr><td>Military assistance.</td><td>2,606</td><td>175</td><td>-</td><td>-</td><td>175</td><td>-</td></tr><tr><td>Civil functions.</td><td>375</td><td>173</td><td>-</td><td>-</td><td>173</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>1,532</td><td>881</td><td>-</td><td>*</td><td>881</td><td>-</td></tr><tr><td>Interior Department.</td><td>***</td><td>587</td><td>10</td><td>-1</td><td>596</td><td>-</td></tr><tr><td>Justice Department.</td><td>39</td><td>51</td><td>-</td><td>-</td><td>51</td><td>-</td></tr><tr><td>Labor Department.</td><td>240</td><td>89</td><td>-</td><td>-</td><td>89</td><td>-</td></tr><tr><td>Post Office Department.</td><td>318</td><td>63</td><td>-</td><td>-</td><td>63</td><td>-</td></tr><tr><td>State Department.</td><td>134</td><td>78</td><td>-</td><td>-</td><td>78</td><td>-</td></tr><tr><td>Treasury Department.</td><td>6,336</td><td>9,532</td><td>-</td><td>-</td><td>9,532</td><td>-</td></tr><tr><td>District of Columbia - Federal contribution and loans.</td><td>111</td><td>28</td><td>-</td><td>-</td><td>28</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>78,427</td><td>73,527</td><td>1,620</td><td>-252</td><td>74,895</td><td>-</td></tr></table>
<table><tr><th>Agency</th><th colspan="2">Deductions, fiscal year 1962 to date</th><th colspan="5">Unexpended balances August 31, 1961 (Preliminary)</th></tr><tr><th></th><th>Expenditures</th><th>Rescissions, cancellations, and other adjustments g/</th><th>Undisbursed appropriations</th><th>Unused authorizations to expend from debt receipts</th><th>Unfunded contract authorizations</th><th>Investments held g/</th><th>Total 2/</th></tr><tr><td>Legislative Branch.</td><td>28</td><td>*</td><td>186</td><td>-</td><td>27</td><td>-</td><td>213</td></tr><tr><td>The Judiciary.</td><td>8</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>5</td></tr><tr><td>Executive Office of the President.</td><td>13</td><td>-</td><td>135</td><td>-</td><td>-</td><td>-</td><td>135</td></tr><tr><td>Funds appropriated to the President.</td><td>274</td><td>-</td><td>3,502</td><td>327</td><td>-</td><td>-</td><td>3,828</td></tr><tr><td>Independent offices.</td><td>1,941</td><td>33</td><td>10,597</td><td>10,010</td><td>53</td><td>56</td><td>21,223</td></tr><tr><td>General Services Administration.</td><td>64</td><td>-</td><td>922</td><td>-</td><td>-</td><td>-</td><td>922</td></tr><tr><td>Housing and Home Finance Agency.</td><td>171</td><td>40</td><td>670</td><td>8,129</td><td>3,393</td><td>855</td><td>13,043</td></tr><tr><td>Agriculture Department.</td><td>1,283</td><td>5</td><td>3,938</td><td>5,363</td><td>51</td><td>-</td><td>9,352</td></tr><tr><td>Commerce Department.</td><td>109</td><td>-</td><td>902</td><td>300</td><td>250</td><td>-</td><td>1,452</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>6,942</td><td>-</td><td>68,431</td><td>-</td><td>-</td><td>-</td><td>68,431</td></tr><tr><td>Military assistance.</td><td>78</td><td>-</td><td>2,703</td><td>-</td><td>-</td><td>-</td><td>2,703</td></tr><tr><td>Civil functions.</td><td>162</td><td>-</td><td>377</td><td>10</td><td>-</td><td>-</td><td>387</td></tr><tr><td>Undistributed foreign transactions.</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Health, Education, and Welfare Department.</td><td>743</td><td>-</td><td>1,670</td><td>-</td><td>*</td><td>-</td><td>1,670</td></tr><tr><td>Interior Department.</td><td>172</td><td>-</td><td>773</td><td>11</td><td>85</td><td>-</td><td>869</td></tr><tr><td>Justice Department.</td><td>48</td><td>-</td><td>42</td><td>-</td><td>-</td><td>-</td><td>42</td></tr><tr><td>Labor Department.</td><td>128</td><td>-</td><td>201</td><td>-</td><td>-</td><td>-</td><td>201</td></tr><tr><td>Post Office Department.</td><td>100</td><td>-</td><td>281</td><td>-</td><td>-</td><td>-</td><td>281</td></tr><tr><td>State Department.</td><td>105</td><td>-</td><td>107</td><td>-</td><td>-</td><td>-</td><td>107</td></tr><tr><td>Treasur. Department.</td><td>1,676</td><td>2</td><td>8,226</td><td>5,965</td><td>-</td><td>-</td><td>14,190</td></tr><tr><td>District of Columbia - Federal contribution and loans.</td><td>23</td><td>-</td><td>116</td><td>-</td><td>-</td><td>-</td><td>116</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>-7 10/</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>7</td></tr><tr><td>Total.</td><td>14,062</td><td>73</td><td>103,790</td><td>30,114</td><td>3,858</td><td>1,419</td><td>139,181</td></tr><tr><td>Deduct Interest and other payments by Government agencies to Treasury included above which are also included in budget receipts.</td><td>109</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total budget expenditures.</td><td>13,953</td><td></td><td></td><td></td><td></td><td></td><td></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".
These preliminary balances shown as of July 1, 1961, are the latest available at this time. They are based on preliminary reports from the agencies and are subject to later adjustments as additional information is received, preparatory to the closing of the central accounts in the Treasury for fiscal year 1961. Among the areas subject to later adjustment are the following: certain overseas transactions not yet included; the write-offs or withdrawals of obligated balances no longer available, since agency reports covering these transactions are not required by law to be sub-
mitted until September 30 (the write-offs in the fiscal year 1960 amounted to $669 million); certain indefinite appropriations included on the basis of Budget estimates instead of final figures; other transactions, including those relating to (a) authorizations to
2/ Although not expended, a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies for
and supplies, for payrolls, and for similar items
Remaining footnotes on page 8.
October 1961
7
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
<table><tr><th>Function</th><th>Function code number</th><th>1957</th><th>1958</th><th>1959</th><th>1960</th><th>1961 p</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 (military functions)</td><td>061</td><td>38,439</td><td>39,062</td><td>41,233</td><td>41,215</td><td>43,218</td><td>6,942</td><td>68,431</td></tr><tr><td>Military assistance</td><td>062</td><td>2,352</td><td>2,187</td><td>2,340</td><td>1,609</td><td>1,446</td><td>78</td><td>2,703</td></tr><tr><td>Development and control of atomic energy</td><td>066</td><td>1,990</td><td>2,268</td><td>2,541</td><td>2,623</td><td>2,716</td><td>459</td><td>1,404</td></tr><tr><td>Stockpiling and defense production expansion</td><td>067</td><td>490</td><td>625</td><td>312</td><td>180</td><td>23</td><td>20</td><td>209</td></tr><tr><td>Total major national security</td><td></td><td>43,270</td><td>44,142</td><td>46,426</td><td>45,627</td><td>47,402</td><td>7,499</td><td>72,747</td></tr><tr><td colspan="9">International affairs and finance:</td></tr><tr><td>Conduct of foreign affairs</td><td>151</td><td>157</td><td>173</td><td>237</td><td>219</td><td>217</td><td>94</td><td>43</td></tr><tr><td>Economic and financial assistance 2/</td><td>152</td><td>1,683</td><td>1,910</td><td>3,403</td><td>1,477</td><td>1,926</td><td>351</td><td>13,788</td></tr><tr><td>Foreign information and exchange activities</td><td>153</td><td>133</td><td>149</td><td>139</td><td>137</td><td>158</td><td>33</td><td>110</td></tr><tr><td>Total international affairs and finance</td><td></td><td>1,973</td><td>2,231</td><td>3,780</td><td>1,833</td><td>2,302</td><td>478</td><td>13,941</td></tr><tr><td colspan="9">Veterans' services and benefits:</td></tr><tr><td>Veterans' education and training 3/</td><td>101</td><td>774</td><td>699</td><td>574</td><td>383</td><td>406</td><td>20</td><td>77</td></tr><tr><td>Other veterans' readjustment benefits 4/</td><td>102</td><td>126</td><td>168</td><td>177</td><td>136</td><td>*</td><td>26</td><td>24</td></tr><tr><td>Veterans' compensation and pensions</td><td>103</td><td>2,870</td><td>3,104</td><td>3,275</td><td>3,368</td><td>3,621</td><td>613</td><td>3,102</td></tr><tr><td>Veterans' insurance and servicemen's indemnities</td><td>104</td><td>47</td><td>43</td><td>35</td><td>33</td><td>25</td><td>4</td><td>150</td></tr><tr><td>Veterans' hospitals and medical care</td><td>105</td><td>801</td><td>856</td><td>921</td><td>961</td><td>1,029</td><td>197</td><td>1,123</td></tr><tr><td>Other veterans' services and administration</td><td>106</td><td>175</td><td>156</td><td>193</td><td>179</td><td>180</td><td>33</td><td>161</td></tr><tr><td>Total veterans' services and benefits</td><td></td><td>4,793</td><td>5,026</td><td>5,174</td><td>5,060</td><td>5,262</td><td>893</td><td>4,638</td></tr><tr><td colspan="9">Labor and welfare:</td></tr><tr><td>Labor and manpower</td><td>211</td><td>400</td><td>458</td><td>844</td><td>411</td><td>571</td><td>117</td><td>223</td></tr><tr><td>Public assistance</td><td>212</td><td>1,558</td><td>1,797</td><td>1,969</td><td>2,061</td><td>2,170</td><td>432</td><td>53</td></tr><tr><td>Promotion of public health</td><td>213</td><td>469</td><td>546</td><td>704</td><td>818</td><td>939</td><td>171</td><td>1,281</td></tr><tr><td>Promotion of education 5/</td><td>214</td><td>292</td><td>319</td><td>468</td><td>569</td><td>559</td><td>128</td><td>383</td></tr><tr><td>Promotion of science, research, libraries, and museums 6/</td><td>215</td><td>71</td><td>72</td><td>119</td><td>211</td><td>243</td><td>43</td><td>582</td></tr><tr><td>Correctional and penal institutions</td><td>216</td><td>32</td><td>34</td><td>39</td><td>46</td><td>49</td><td>10</td><td>20</td></tr><tr><td>Other welfare services and administration 2/</td><td>217</td><td>201</td><td>221</td><td>279</td><td>302</td><td>232</td><td>33</td><td>174</td></tr><tr><td>Total labor and welfare</td><td></td><td>3,022</td><td>3,447</td><td>4,421</td><td>4,419</td><td>4,863</td><td>933</td><td>2,717</td></tr><tr><td colspan="9">Agriculture and agricultural resources:</td></tr><tr><td>Stabilization of farm prices and farm income 1/</td><td>351</td><td>3,430</td><td>3,151</td><td>5,126</td><td>3,278</td><td>3,772</td><td>900</td><td>5,726</td></tr><tr><td>Financing farm ownership and operation 8/</td><td>352</td><td>227</td><td>239</td><td>250</td><td>246</td><td>349</td><td>49</td><td>968</td></tr><tr><td>Financing rural electrification and rural telephones</td><td>353</td><td>267</td><td>297</td><td>315</td><td>330</td><td>301</td><td>52</td><td>1,271</td></tr><tr><td>Conservation and development of agricultural land and water resources 2/</td><td>354</td><td>374</td><td>448</td><td>547</td><td>692</td><td>727</td><td>148</td><td>723</td></tr><tr><td>Research, and other agricultural services 2/</td><td>355</td><td>227</td><td>255</td><td>291</td><td>293</td><td>323</td><td>49</td><td>413</td></tr><tr><td>Total agriculture and agricultural resources</td><td></td><td>4,525</td><td>4,389</td><td>6,529</td><td>4,838</td><td>5,473</td><td>1,197</td><td>9,102</td></tr><tr><td colspan="9">Natural resources:</td></tr><tr><td>Conservation and development of land and water resources</td><td>401</td><td>925</td><td>1,138</td><td>1,183</td><td>1,235</td><td>1,396</td><td>267</td><td>1,482</td></tr><tr><td>Conservation and development of forest resources</td><td>402</td><td>163</td><td>174</td><td>201</td><td>220</td><td>331</td><td>70</td><td>245</td></tr><tr><td>Conservation and development of mineral resources</td><td>403</td><td>62</td><td>59</td><td>71</td><td>65</td><td>62</td><td>6</td><td>73</td></tr><tr><td>Conservation and development of fish and wildlife</td><td>404</td><td>51</td><td>60</td><td>68</td><td>68</td><td>73</td><td>13</td><td>121</td></tr><tr><td>Recreational use of natural resources</td><td>405</td><td>59</td><td>69</td><td>86</td><td>74</td><td>91</td><td>19</td><td>185</td></tr><tr><td>General resource surveys and administration</td><td>409</td><td>38</td><td>43</td><td>60</td><td>51</td><td>56</td><td>15</td><td>53</td></tr><tr><td>Total natural resources</td><td></td><td>1,297</td><td>1,544</td><td>1,669</td><td>1,713</td><td>2,008</td><td>389</td><td>2,159</td></tr><tr><td colspan="9">Commerce, housing, and space technology:</td></tr><tr><td>Promotion of water transportation</td><td>510</td><td>365</td><td>392</td><td>436</td><td>508</td><td>566</td><td>118</td><td>1,124</td></tr><tr><td>Provision of highways</td><td>511</td><td>40</td><td>31</td><td>30</td><td>38</td><td>36</td><td>9</td><td>110</td></tr><tr><td>Promotion of aviation</td><td>512</td><td>219</td><td>315</td><td>494</td><td>568</td><td>716</td><td>137</td><td>1,177</td></tr><tr><td>Space exploration and flight technology</td><td>513</td><td>76</td><td>89</td><td>145</td><td>401</td><td>744</td><td>157</td><td>2,107</td></tr><tr><td>Postal service</td><td>514</td><td>518</td><td>674</td><td>774</td><td>525</td><td>929</td><td>100</td><td>281</td></tr><tr><td>Community development and facilities</td><td>515</td><td>49</td><td>78</td><td>108</td><td>130</td><td>164</td><td>29</td><td>5,627</td></tr><tr><td>Public housing programs</td><td>516</td><td>60</td><td>51</td><td>97</td><td>134</td><td>150</td><td>43</td><td>1,651</td></tr><tr><td>Other aids to housing 11/</td><td>517</td><td>-60</td><td>228</td><td>1,085</td><td>279</td><td>303</td><td>114</td><td>8,547</td></tr><tr><td>Other aids to business 12/</td><td>518</td><td>59</td><td>115</td><td>139</td><td>95</td><td>139</td><td>30</td><td>3,663</td></tr><tr><td>Regulation of commerce and finance</td><td>519</td><td>45</td><td>49</td><td>58</td><td>58</td><td>67</td><td>12</td><td>66</td></tr><tr><td>Civil and defense mobilization</td><td>520</td><td>65</td><td>66</td><td>46</td><td>46</td><td>58</td><td>11</td><td>374</td></tr><tr><td>Disaster insurance, loans, and relief 13/</td><td>521</td><td>21</td><td>21</td><td>8</td><td>-1</td><td>7</td><td>*</td><td>24</td></tr><tr><td>Total commerce, housing, and space technology</td><td></td><td>1,455</td><td>2,109</td><td>3,421</td><td>2,782</td><td>3,881</td><td>758</td><td>24,751</td></tr><tr><td colspan="9">General government:</td></tr><tr><td>Legislative functions</td><td>601</td><td>90</td><td>88</td><td>102</td><td>109</td><td>118</td><td>25</td><td>177</td></tr><tr><td>Judicial functions</td><td>602</td><td>40</td><td>44</td><td>47</td><td>49</td><td>52</td><td>8</td><td>5</td></tr><tr><td>Executive direction and management</td><td>603</td><td>9</td><td>10</td><td>12</td><td>12</td><td>13</td><td>3</td><td>14</td></tr><tr><td>Central fiscal operations</td><td>604</td><td>476</td><td>502</td><td>566</td><td>558</td><td>611</td><td>116</td><td>610</td></tr><tr><td>General property and records management</td><td>605</td><td>194</td><td>239</td><td>291</td><td>367</td><td>370</td><td>62</td><td>850</td></tr><tr><td>Central personnel management and employment costs 14/</td><td>606</td><td>627</td><td>140</td><td>205</td><td>211</td><td>311</td><td>102</td><td>41</td></tr><tr><td>Civilian weather services</td><td>607</td><td>38</td><td>39</td><td>46</td><td>54</td><td>56</td><td>10</td><td>73</td></tr><tr><td>Protective services and alien control</td><td>608</td><td>187</td><td>199</td><td>216</td><td>217</td><td>240</td><td>39</td><td>31</td></tr><tr><td>Territories and possessions, and the District of Columbia</td><td>609</td><td>77</td><td>75</td><td>89</td><td>91</td><td>123</td><td>37</td><td>186</td></tr><tr><td>Other general government</td><td>610</td><td>51</td><td>20</td><td>30</td><td>28</td><td>36</td><td>7</td><td>32</td></tr><tr><td>Total general government</td><td></td><td>1,790</td><td>1,359</td><td>1,606</td><td>1,695</td><td>1,931</td><td>409</td><td>2,019</td></tr></table>
Footnotes at end of table.
(Continued on following page)
8
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions - (Continued)
(Fiscal years; in millions of dollars)
<table><tr><th rowspan="2">Function</th><th rowspan="2">Function code number</th><th colspan="5">1957 through August</th><th colspan="2">1962 through August</th></tr><tr><th>1957</th><th>1958</th><th>1959</th><th>1960</th><th>1961 p</th><th>Expenditures</th><th>Unexpended balances end of period 1/</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>7,244</td><td>7,607</td><td>7,593</td><td>9,180</td><td>8,962</td><td>1,495</td><td>7,025</td></tr><tr><td>Interest on refunds of receipts</td><td>652</td><td>57</td><td>74</td><td>70</td><td>76</td><td>83</td><td>17</td><td>66</td></tr><tr><td>Interest on uninvested funds</td><td>653</td><td>6</td><td>8</td><td>9</td><td>10</td><td>10</td><td>*</td><td>10</td></tr><tr><td>Total interest</td><td></td><td>7,308</td><td>7,689</td><td>7,671</td><td>9,266</td><td>9,055</td><td>1,512</td><td>7,101</td></tr><tr><td>Undistributed</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-25</td><td>-7</td><td>7</td></tr><tr><td>Total</td><td></td><td>69,433 9/10</td><td>71,936</td><td>80,697</td><td>77,233</td><td>82,152</td><td>14,062</td><td>139,181</td></tr><tr><td>Less: Certain interfund transactions included in both expenditures and receipts</td><td></td><td>467</td><td>567</td><td>355</td><td>694</td><td>649</td><td>109</td><td></td></tr><tr><td>Budget expenditures (see Table 3)</td><td></td><td>68,966</td><td>71,369</td><td>80,342</td><td>76,539</td><td>81,503</td><td>13,953</td><td></td></tr></table>
Source: Expenditures for 1961 and 1962 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 classification used in the 1962 Budget document, Special Analysis G, as nearly as can be done on an individual appropriation and fund item basis. Prior 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 5. 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 1961 and 1962 include those made from "Readjustment Benefits, Veterans' Administration," applicable to functional code 102.
4/ See footnote 3 and 14.
5/ See footnote 6.
6/ Expenditures for 1961 and 1962 include those for promotion of education in science made from "Salaries and Expenses, National Science Foundation," applicable to functional code 214.
7/ Expenditures for 1961 include those for emergency famine relief to friendly peoples, applicable to functional code 152. For 1961 and 1962 they include those for special milk program - restoration of capital impairment, applicable to functional code 217; for loans to Secretary of Agriculture for conservation purposes and conservation
reserve program, 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" and "National Wool Act, Commodity Stabilization Service."
8/ Expenditures for 1961 and 1962 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 3, footnote 2.
10/ Excludes Federal-aid highway expenditures, which are made from the Highway Trust Fund beginning with 1957 (see Table 1, footnote 13); corresponding expenditures for previous years are included in Budget expenditures.
11/ See footnote 8.
12/ Expenditures for 1961 and 1962 include those for disaster loans and relief made from "Revolving Fund, Small Business Administration," applicable to functional code 521.
13/ See footnote 12.
14/ Expenditures for 1961 and 1962 include those for unemployment compensation for Federal employees and ex-servicemen applicable to functional code 102.
* Less than $500,000.
p Preliminary.
Footnotes to Table 5.- (Continued)
Footnotes 1 and 2 follow Table 5 on page 6.
2/ Data with respect to new appropriations and other authorizations for the fiscal year 1962, cover only those acts approved through August 31, 1961.
4/ Includes reappropriations.
5/ 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).
6/ 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.
7/ Consists of transfers between appropriations; net borrowings from or repayments to (-), the Treasury and the public under authority
to expend from debt receipts; and net investment in, or sale of (-), public debt securities and certain guaranteed securities issued by Government enterprises.
8/ 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.
9/ Public debt securities and certain guaranteed securities issued by Government enterprises.
10/ This adjustment represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary data used in the Monthly Treasury Statement.
* Less than $500,000.
October 1961
9
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Net receipts, or expenditures (-), from trust account and other transactions</th><th colspan="3">Trust and deposit fund accounts</th><th rowspan="2">Net sale, or investment (-), by Government agencies in public debt securities</th><th rowspan="2">Net sale, or redemption (-), of securities of Government agencies in the market</th></tr><tr><th>Excess of receipts, or expenditures (-)</th><th>Net receipts 1/</th><th>Net expenditures 1/</th></tr><tr><td>1954</td><td>328</td><td>2,386</td><td>9,137</td><td>6,751</td><td>-2,054</td><td>-4</td></tr><tr><td>1955</td><td>231</td><td>991 2/</td><td>9,521</td><td>8,530 2/</td><td>-1,362 2/ 3/</td><td>602 2/</td></tr><tr><td>1956</td><td>-194</td><td>2,250</td><td>11,673</td><td>9,423</td><td>-2,617</td><td>173</td></tr><tr><td>1957</td><td>195</td><td>1,409</td><td>14,359</td><td>12,950</td><td>-2,300</td><td>1,085</td></tr><tr><td>1958</td><td>633</td><td>262</td><td>16,319</td><td>16,057</td><td>-197</td><td>567</td></tr><tr><td>1959</td><td>-329</td><td>-1,511</td><td>16,950</td><td>18,461</td><td>1,112</td><td>71</td></tr><tr><td>1960</td><td>-50</td><td>-359</td><td>20,534 4/</td><td>20,893 4/</td><td>-714</td><td>1,023</td></tr><tr><td>1961 p.</td><td>-559</td><td>610</td><td>23,792</td><td>23,182</td><td>-436</td><td>-733</td></tr><tr><td>1962 (Est.)</td><td>5/</td><td>-1,014</td><td>25,131</td><td>26,145</td><td>5/</td><td>5/</td></tr><tr><td>1961-January</td><td>-185</td><td>-1,080</td><td>858 4/</td><td>1,938 4/</td><td>868</td><td>27</td></tr><tr><td>February</td><td>712</td><td>638</td><td>2,684</td><td>2,046</td><td>65</td><td>8</td></tr><tr><td>March</td><td>-629</td><td>-119</td><td>1,939</td><td>2,059</td><td>-423</td><td>-87</td></tr><tr><td>April</td><td>24</td><td>-686</td><td>1,539 4/</td><td>2,225 4/</td><td>842</td><td>-132</td></tr><tr><td>May</td><td>49</td><td>1,544</td><td>3,577</td><td>2,033</td><td>-1,409</td><td>-86</td></tr><tr><td>June p.</td><td>29</td><td>655</td><td>2,975</td><td>2,320</td><td>-655</td><td>29</td></tr><tr><td>July</td><td>-66</td><td>-871</td><td>1,002</td><td>1,873</td><td>780</td><td>24</td></tr><tr><td>August</td><td>-120</td><td>1,244</td><td>3,297</td><td>2,052</td><td>-1,397</td><td>32</td></tr></table>
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are based on budget messages of the President dated March 24, and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments submitted to the Congress on July 26, 1961. Certain intertrust fund transactions are excluded from both receipts and expenditures beginning with the July 1961 issue of the Bulletin. For detail see Table 6.
2/ Effective July 1, 1955, security transactions of Government-sponsored enterprises are included in deposit fund account expenditures (net) and excluded from net investment by Government agencies in public debt securities (see Table 4) and from net redemption or sale of obligations of Government agencies in the market (see Table 5). Figures for 1955 have been revised to the new classification basis.
3/ Includes guaranteed securities beginning 1955 (see Table 4).
4/ Adjusted for reclassification of certain repayments of advances from the general fund.
5/ The President's messages referred to in the source note above did not include detailed estimates for these items. p. Preliminary.
Table 2.- Trust Account Receipts
(in millions of dollars)
<table><tr><th>Fiscal year or month</th><th>FOASI Trust Fund</th><th>Fed. Disability Ins. 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>Other trust accounts 1/</th><th>Total trust account receipts</th><th>Less: Intertrust fund transactions 2/</th><th>Net trust account receipts 3/</th></tr><tr><td>1954.</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><td>9,155</td><td>18</td><td>9,137</td></tr><tr><td>1955.</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><td>9,536</td><td>16</td><td>9,521</td></tr><tr><td>1956.</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</td><td>11,685</td><td>12</td><td>11,673</td></tr><tr><td>1957.</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><td>14,369</td><td>10</td><td>14,359</td></tr><tr><td>1958.</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><td>16,329</td><td>11</td><td>16,319</td></tr><tr><td>1959.</td><td>8,182</td><td>938</td><td>758</td><td>1,997</td><td>634</td><td>63</td><td>1,741</td><td>2,185</td><td>585</td><td>17,084</td><td>135</td><td>16,950</td></tr><tr><td>1960.</td><td>10,439</td><td>1,071</td><td>1,403</td><td>2,703</td><td>643</td><td>61</td><td>1,766</td><td>2,644 4/</td><td>711</td><td>21,442 4/</td><td>908</td><td>20,534</td></tr><tr><td>1961 p.</td><td>11,910</td><td>1,093</td><td>1,051</td><td>3,804 5/</td><td>669</td><td>58</td><td>2,033</td><td>2,925</td><td>763</td><td>24,307</td><td>515</td><td>23,792</td></tr><tr><td>1962 (Ext.).</td><td>12,299</td><td>1,136</td><td>1,176</td><td>4,060</td><td>720</td><td>53</td><td>1,960</td><td>3,305</td><td>960</td><td>25,669</td><td>538</td><td>25,131</td></tr><tr><td>1961-January.</td><td>290</td><td>22</td><td>15</td><td>126</td><td>47</td><td>3</td><td>161</td><td>162 4/</td><td>51</td><td>878 4/</td><td>19</td><td>858</td></tr><tr><td>February.</td><td>1,489</td><td>135</td><td>81</td><td>544</td><td>42</td><td>2</td><td>128</td><td>235</td><td>50</td><td>2,705</td><td>20</td><td>2,684</td></tr><tr><td>March.</td><td>1,190</td><td>113</td><td>50</td><td>76</td><td>47</td><td>2</td><td>173</td><td>213</td><td>81</td><td>1,945</td><td>5</td><td>1,939</td></tr><tr><td>April.</td><td>684</td><td>63</td><td>17</td><td>290 4/</td><td>39</td><td>2</td><td>124</td><td>201</td><td>129</td><td>1,549 4/</td><td>11</td><td>1,539</td></tr><tr><td>May.</td><td>1,972</td><td>173</td><td>82</td><td>867</td><td>42</td><td>2</td><td>153</td><td>237</td><td>63</td><td>3,592</td><td>15</td><td>3,577</td></tr><tr><td>June p.</td><td>1,273</td><td>136</td><td>479</td><td>471</td><td>217</td><td>39</td><td>418</td><td>240</td><td>55</td><td>3,327</td><td>352</td><td>2,975</td></tr><tr><td>July.</td><td>287</td><td>25</td><td>14</td><td>207</td><td>41</td><td>3</td><td>123</td><td>253</td><td>60</td><td>1,014</td><td>12</td><td>1,002</td></tr><tr><td>August.</td><td>1,819</td><td>165</td><td>86</td><td>683</td><td>41</td><td>2</td><td>197</td><td>273</td><td>51</td><td>3,317</td><td>20</td><td>3,297</td></tr></table>
Source: See Table 1.
1/ Includes principally District of Columbia receipts from taxes and from Federal contributions, loans, and grants; Funds appropriated to the President - mutual security trust funds; 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; for treatment after November 1958, see Table 10, published quarterly.
2/ For content see Table 6. These transactions are included in the detail of both trust receipts and trust expenditures, but are deducted from the totals.
3/ Excludes certain intrust fund transactions consisting mainly of financial interchanges between trust funds resulting in receipts and expenditures (see footnote 2).
4/ Revised, see Table 1, footnote 4.
5/ Beginning with the fiscal year 1961, tax receipts under the Federal Unemployment Tax Act are transferred currently to a newly established administration account in the Unemployment Trust Fund, and administrative expenses of the employment security program and reimbursement for tax refunds are paid directly from that account, pursuant to the Employment Security Act of 1960, approved September 13, 1960 (74 Stat. 970); see "Budget Receipts and Expenditures," Table 1, footnote 12. p Preliminary.
10
Treasury
Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="10">Trust accounts, etc.</th><th colspan="2">Federal National Mortgage Assoc. 1/</th></tr><tr><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>Financing by Treasury</th><th>Other operations</th></tr><tr><td>1954</td><td>3,405</td><td>-</td><td>502</td><td>1,747</td><td>623</td><td>147</td><td>411</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1955</td><td>4,487</td><td>-</td><td>585</td><td>1,765</td><td>538</td><td>84</td><td>430</td><td>-</td><td>-93</td><td>9</td></tr><tr><td>1956</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><td>-94</td><td>206</td></tr><tr><td>1957</td><td>6,723</td><td>1</td><td>682</td><td>1,044</td><td>515</td><td>86</td><td>591</td><td>966</td><td>41</td><td>929</td></tr><tr><td>1958</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><td>3</td><td>102</td></tr><tr><td>1959</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><td>-42</td><td>176</td></tr><tr><td>1*0</td><td>11,152</td><td>571</td><td>1,136</td><td>2,736</td><td>582</td><td>83</td><td>896</td><td>3,049 2/</td><td>42</td><td>946</td></tr><tr><td>1*1 p.</td><td>11,839</td><td>756</td><td>1,124</td><td>4,736 3/</td><td>709</td><td>94</td><td>955</td><td>2,746</td><td>-16</td><td>-69</td></tr><tr><td>1*2 (Est.)</td><td>13,789</td><td>-</td><td>1,128</td><td>4,247</td><td>496</td><td>66</td><td>1,094</td><td>3,218</td><td>-40</td><td>760</td></tr><tr><td>1*3-January</td><td>947</td><td>62</td><td>100</td><td>448</td><td>50</td><td>6</td><td>80</td><td>183 2/</td><td>24</td><td>2</td></tr><tr><td>February</td><td>1,449</td><td>72</td><td>103</td><td>226</td><td>83</td><td>14</td><td>80</td><td>194</td><td>13</td><td>-50</td></tr><tr><td>March</td><td>987</td><td>68</td><td>87</td><td>504</td><td>1.9</td><td>9</td><td>73</td><td>174</td><td>-13</td><td>-83</td></tr><tr><td>April</td><td>1,000</td><td>71</td><td>94</td><td>770 2/</td><td>40</td><td>6</td><td>80</td><td>141</td><td>11</td><td>-151</td></tr><tr><td>May</td><td>994</td><td>73</td><td>97</td><td>535</td><td>38</td><td>5</td><td>80</td><td>185</td><td>-7</td><td>-85</td></tr><tr><td>June p.</td><td>1,344</td><td>79</td><td>85</td><td>585</td><td>72</td><td>14</td><td>83</td><td>239</td><td>10</td><td></td></tr><tr><td>July</td><td>995</td><td>77</td><td>94</td><td>244</td><td>141</td><td>32</td><td>85</td><td>232</td><td>-18</td><td>7</td></tr><tr><td>August</td><td>1,030</td><td>78</td><td>103</td><td>316</td><td>39</td><td>5</td><td>86</td><td>302</td><td>-20</td><td>41</td></tr><tr><th>Fiscal year or month</th><th colspan="2">Trust account, etc. - (Cont.)</th><th colspan="5">Deposit fund accounts (net)</th><th>Total trust and deposit fund account expenditures</th><th>Less: Intertrust fund transactions 5/</th><th>Net trust and deposit fund account expenditures 6/</th></tr><tr><th></th><th>Other trust accounts, etc. 4/</th><th>Total trust accounts, etc.</th><th>Investment in public debt securities</th><th>Redemption of agency obligations in the market</th><th>Other expenditures</th><th>Total</th><th>Other deposit fund accounts</th><th>Total deposit fund accounts</th><th></th><th></th></tr><tr><td>1954</td><td>495</td><td>7,327</td><td>2/</td><td>7/</td><td>-437</td><td>-437</td><td>-131</td><td>-558</td><td>6,769</td><td>18</td><td>6,751</td></tr><tr><td>1955</td><td>-83</td><td>8,489</td><td>170</td><td>-269</td><td>99</td><td>8/</td><td>56</td><td>56 8/</td><td>8,545 8/</td><td>16</td><td>8,530</td></tr><tr><td>1956</td><td>425</td><td>9,197</td><td>548</td><td>-872</td><td>334</td><td>10</td><td>229</td><td>238</td><td>9,435</td><td>12</td><td>9,423</td></tr><tr><td>1957</td><td>565 2/</td><td>1,743</td><td>39</td><td>-86</td><td>39</td><td>-8</td><td>224</td><td>216</td><td>12,959</td><td>10</td><td>12,950</td></tr><tr><td>1958</td><td>515 3/</td><td>16,159</td><td>460</td><td>167</td><td>-620</td><td>7</td><td>-98</td><td>-91</td><td>16,063</td><td>11</td><td>16,057</td></tr><tr><td>1959</td><td>672 2/</td><td>18,605</td><td>-70</td><td>-1,222</td><td>1,277</td><td>-16</td><td>6</td><td>-9</td><td>18,595</td><td>135</td><td>18,461</td></tr><tr><td>1*0</td><td>711</td><td>21,703 2/</td><td>239</td><td>-723</td><td>479</td><td>-5</td><td>-97</td><td>-100</td><td>21,801 2/</td><td>908</td><td>20,893</td></tr><tr><td>1*1 p.</td><td>695</td><td>23,570</td><td>435</td><td>-196</td><td>-233</td><td>6</td><td>121</td><td>127</td><td>23,697</td><td>515</td><td>23,182</td></tr><tr><td>1*2 (Est.)</td><td>888</td><td>26,639</td><td>10/</td><td>10/</td><td>10/</td><td>10/</td><td>10/</td><td>10/</td><td>26,683</td><td>538</td><td>26,145</td></tr><tr><td>1*3-January</td><td>52</td><td>1,952 1</td><td>38</td><td>169</td><td>-536</td><td>17</td><td>-12</td><td>5</td><td>1,958 2/</td><td>19</td><td>1,938</td></tr><tr><td>February</td><td>51</td><td>2,037</td><td></td><td>135</td><td>-115</td><td>20</td><td>10</td><td>30</td><td>2,067</td><td>20</td><td>2,046</td></tr><tr><td>March</td><td>87</td><td>2,042</td><td>-26</td><td>72</td><td>-45</td><td>7</td><td>15</td><td>22</td><td>2,064</td><td>5</td><td>2,059</td></tr><tr><td>April</td><td>128</td><td>2,188 2/</td><td>-73</td><td>-129</td><td>188</td><td>-14</td><td>61</td><td>47</td><td>2,236 2/</td><td>11</td><td>2,225</td></tr><tr><td>May</td><td>60</td><td>1,976</td><td>150</td><td>-208</td><td>76</td><td>18</td><td>54</td><td>73</td><td>2,048</td><td>15</td><td>2,033</td></tr><tr><td>June p.</td><td>62</td><td>2,573</td><td>-99</td><td>-219</td><td>306</td><td>-12</td><td>111</td><td>100</td><td>2,672</td><td>352</td><td>2,320</td></tr><tr><td>July</td><td>34</td><td>1,929</td><td>-83</td><td>-41</td><td>126</td><td>2</td><td>-46</td><td>-45</td><td>1,884</td><td>12</td><td>1,873</td></tr><tr><td>August</td><td>67</td><td>2,048</td><td>-100</td><td>-70</td><td>170</td><td>-6</td><td>31</td><td>25</td><td>2,072</td><td>20</td><td>2,052</td></tr></table>
1. 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). See Table 1, footnote 4.
2. See Table 2, footnote 5.
3. Includes principally District of Columbia operating expenditures; Funds appropriated to the President - mutual security trust funds; Indian tribal funds; expendit* area chargeable against: increment on gold; and *trust enterprise funds (net). The Railroad Unemployment Insurance Administration Fund is included for the period 1954 through November 1958 (see Table 10, published quarterly), the Employee' Life Insurance Fund (net) from its establishment in August 1954, and the Employee' Health Benefits Fund (net) beginning 1961.
4. For content see Table 6. These transactions are included in the detail
6/ Excludes certain intertrust fund transactions consisting principally of financial interchanges between trust funds resulting in receipts and expenditures (see footnote 5).
2/ Excluded from deposit fund account expenditures and included with similar security transactions of other agencies (see Tables 4 and 5).
8/ Includes security transactions of Government-sponsored enterprises beginning 1955 (see Table 1, footnote 2).
9/ Includes expenditures of the Federal Intermediate credit banks which were operated as trust fund enterprises from January 1, 1957, until January 1959, when these banks were classified as Government-sponsored enterprises.
10/ See Table 1, footnote 5.
* Less than $500,000. p Preliminary.
October 1961
11
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(in millions of dollars; negative figures are excess of sales)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Total trust accounts</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Disability Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>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>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</td><td>714</td><td>548</td><td>-726</td><td>494</td><td>264</td><td>-41</td><td>62</td><td>-21</td><td>871</td><td>-428</td><td>-</td><td>72</td></tr><tr><td>1961 p</td><td>436</td><td>288</td><td>-225</td><td>285</td><td>-78</td><td>-952</td><td>-44</td><td>-35</td><td>1,063</td><td>233</td><td>-</td><td>42</td></tr><tr><td>1962 (Est.) 6/</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>1961-January</td><td>-868</td><td>-866</td><td>-440</td><td>-16</td><td>-81</td><td>-389</td><td>-6</td><td>-4</td><td>68</td><td>16</td><td>-</td><td>-15</td></tr><tr><td>February</td><td>-65</td><td>-78</td><td>-104</td><td>15</td><td>-29</td><td>114</td><td>-104</td><td>-21</td><td>60</td><td>-1</td><td>-</td><td>-9</td></tr><tr><td>March</td><td>423</td><td>403</td><td>658</td><td>91</td><td>-26</td><td>-374</td><td>-32</td><td>4</td><td>68</td><td>*</td><td>-</td><td>14</td></tr><tr><td>April</td><td>-842</td><td>-848</td><td>-323</td><td>-5</td><td>-86</td><td>-556</td><td>1</td><td>-4</td><td>68</td><td>55</td><td>-</td><td>2</td></tr><tr><td>May</td><td>1,409</td><td>1,396</td><td>838</td><td>73</td><td>-14</td><td>407</td><td>2</td><td>-4</td><td>72</td><td>29</td><td>-</td><td>-6</td></tr><tr><td>June p</td><td>655</td><td>670</td><td>-234</td><td>48</td><td>405</td><td>-124</td><td>138</td><td>23</td><td>340</td><td>79</td><td>-</td><td>-5</td></tr><tr><td>July</td><td>-780</td><td>-827</td><td>-536</td><td>-22</td><td>-86</td><td>-128</td><td>-94</td><td>-30</td><td>51</td><td>-7</td><td>-</td><td>25</td></tr><tr><td>August</td><td>1,397</td><td>1,377</td><td>774</td><td>72</td><td>-19</td><td>439</td><td>2</td><td>-3</td><td>114</td><td>1</td><td>-</td><td>-3</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="7">Public enterprise funds</th><th colspan="6">Government-sponsored enterprises</th></tr><tr><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 2/</th><th>Federal Savings and Loan Insurance Corp.</th><th>Tennessee Valley Authority</th><th>Other</th><th>Total Government-sponsored enterprises</th><th>Banks for cooperatives</th><th>Federal Deposit Insurance Corp.</th><th>Federal home loan banks</th><th>Federal land banks</th><th>Federal intermediate credit banks 1/</th></tr><tr><td>1954.........</td><td>-77</td><td>-86</td><td>-1</td><td>-3</td><td>-</td><td>11</td><td>-</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="15">Memorandum</td></tr><tr><td>1955.........</td><td>126</td><td>95 3/</td><td>10</td><td>*</td><td>1</td><td>13</td><td>-</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>-</td><td>-2</td><td>10</td><td>15</td><td>-</td><td>9</td><td>548</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>-</td><td>14 3/</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>-</td><td>14</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>-</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.........</td><td>166</td><td>62</td><td>-</td><td>-</td><td>15</td><td>18</td><td>51</td><td>18</td><td>239</td><td>*</td><td>134</td><td>102</td><td>1</td><td>2</td></tr><tr><td>1961 p......</td><td>148</td><td>97</td><td>-</td><td>-</td><td>7</td><td>34</td><td>-12</td><td>22</td><td>435</td><td>3</td><td>148</td><td>287</td><td>-4</td><td>1</td></tr><tr><td>1962 (Eqt.) 6/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January.</td><td>-1</td><td>11</td><td>-</td><td>-</td><td>2</td><td>5</td><td>-21</td><td>2</td><td>384</td><td>-</td><td>79</td><td>305</td><td>-</td><td>1</td></tr><tr><td>February..</td><td>13</td><td>*</td><td>-</td><td>-</td><td>3</td><td>4</td><td>4</td><td>2</td><td>*</td><td>-</td><td>15</td><td>-15</td><td>-</td><td>*</td></tr><tr><td>March.....</td><td>20</td><td>14</td><td>-</td><td>-</td><td>-1</td><td>6</td><td>-1</td><td>2</td><td>-20</td><td>*</td><td>*</td><td>-20</td><td>-</td><td>-</td></tr><tr><td>April.....</td><td>5</td><td>5</td><td>-</td><td>-</td><td>2</td><td>5</td><td>-8</td><td>1</td><td>-73</td><td>-</td><td>5</td><td>-78</td><td>-</td><td>-</td></tr><tr><td>May......</td><td>13</td><td>12</td><td>-</td><td>-</td><td>-2</td><td>7</td><td>-5</td><td>2</td><td>150</td><td>5</td><td>16</td><td>129</td><td>-</td><td>-</td></tr><tr><td>June p....</td><td>-15</td><td>8</td><td>-</td><td>-</td><td>1</td><td>4</td><td>-32</td><td>4</td><td>-99</td><td>-2</td><td>5</td><td>-101</td><td>-1</td><td>-</td></tr><tr><td>July.....</td><td>47</td><td>2</td><td>-</td><td>-</td><td>*</td><td>8</td><td>35</td><td>1</td><td>-83</td><td>-3</td><td>-</td><td>-80</td><td>-</td><td>-</td></tr><tr><td>August...</td><td>20</td><td>9</td><td>-</td><td>-</td><td>1</td><td>4</td><td>5</td><td>1</td><td>-106</td><td>*</td><td>10</td><td>-115</td><td>-</td><td>-</td></tr></table>
Source: See Table 1.
1/ See Table 3, footnote 9.
2/ For explanation of difference from Budget figures, see "Cash Income and Outgo," Table 7, footnote 1.
2/ Excludes net investment by Government-sponsored enterprises beginning with the fiscal year 1955 (see Table 1, footnote 2).
4/ Includes net sale of $300 million for adjustment of excess transfers of tax receipts in 1952 and 1953 (see "Budget Receipts and Expenditures," Table 1, footnote 17).
5/ Does not include investments representing acquired securities amounting
to $1,643,070 (per value) and donation of securities amounting to $25,800 (per value). See Table 1, footnote 5. Management and liquidating functions as provided by the Housing Act of 1954, approved August 2, 1954 (12 U.S.C. 1721). Investment includes guaranteed securities. Beginning with this period, figures include net transactions in guaranteed securities. See also footnote 7. Less than $500,000. p Preliminary.
12
Treasury Bulletin
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="4">Securities guaranteed by the United States</th><th colspan="5">Securities not guaranteed by the United States</th></tr><tr><th>Total guaranteed</th><th>Federal Farm Mortgage Corporation</th><th>Federal Housing Administration</th><th>Home Owners' Loan Corporation</th><th>Trust enterprise fund D. C. stadium fund</th><th>Total not guaranteed</th><th>Total public and trust enterprise funds</th><th>Federal intermediate credit banks 1/</th><th>Federal National Mortgage Association 2/</th><th>Home Owners' Loan Corporation</th></tr><tr><td>1954</td><td>4</td><td>-29</td><td>*</td><td>-30</td><td>*</td><td>-</td><td>33</td><td>44</td><td>44</td><td>-570</td><td>*</td></tr><tr><td>1955</td><td>-602 2/</td><td>37</td><td>*</td><td>37</td><td>*</td><td>-</td><td>-639 2/</td><td>-639</td><td>-69</td><td>-</td><td>*</td></tr><tr><td>1956</td><td>-173</td><td>-30</td><td>*</td><td>-30</td><td>*</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>-33</td><td>*</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>6</td><td>*</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>-10</td><td>*</td><td>-</td><td>-61</td><td>-61</td><td>-</td><td>6</td><td>*</td></tr><tr><td>1960</td><td>-1,023</td><td>-29</td><td>*</td><td>-28</td><td>*</td><td>*</td><td>-994</td><td>-994</td><td>-</td><td>*</td><td>*</td></tr><tr><td>1961 p.</td><td>733</td><td>-100</td><td>*</td><td>-81</td><td>*</td><td>-19</td><td>833</td><td>833</td><td>-</td><td>797</td><td>*</td></tr><tr><td>1962 (Est.) 4/</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>1961-January</td><td>-27</td><td>-5</td><td>*</td><td>-5</td><td>-</td><td>-</td><td>-23</td><td>-23</td><td>-</td><td>*</td><td>*</td></tr><tr><td>February</td><td>-8</td><td>-36</td><td>-</td><td>-36</td><td>*</td><td>-</td><td>27</td><td>27</td><td>-</td><td>*</td><td>-</td></tr><tr><td>March</td><td>87</td><td>-15</td><td>*</td><td>-15</td><td>*</td><td>-</td><td>102</td><td>102</td><td>-</td><td>*</td><td>-</td></tr><tr><td>April</td><td>132</td><td>-8</td><td>*</td><td>-8</td><td>-</td><td>-</td><td>140</td><td>140</td><td>-</td><td>*</td><td>-</td></tr><tr><td>May</td><td>86</td><td>-6</td><td>*</td><td>-6</td><td>*</td><td>-</td><td>92</td><td>92</td><td>-</td><td>*</td><td>*</td></tr><tr><td>June p.</td><td>-29</td><td>-15</td><td>*</td><td>-15</td><td>*</td><td>-</td><td>-14</td><td>-14</td><td>-</td><td>*</td><td>-</td></tr><tr><td>July</td><td>-24</td><td>2</td><td>-</td><td>2</td><td>*</td><td>-</td><td>-26</td><td>-26</td><td>-</td><td>-</td><td>-</td></tr><tr><td>August</td><td>-32</td><td>-11</td><td>*</td><td>-11</td><td>*</td><td>-</td><td>-22</td><td>-22</td><td>-</td><td>*</td><td>-</td></tr><tr><th colspan="2">Securities not guaranteed by the United States - (Continued)</th><th colspan="2">Public enterprise funds - (Cont.)</th><th colspan="2">Trust enterprise funds</th><th colspan="4">Government-sponsored enterprises</th></tr><tr><th>Fiscal year or month</th><th></th><th>Tennessee Valley Authority</th><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>1954</td><td></td><td>-</td><td>-</td><td>-</td><td>-11</td><td>-</td><td>136</td><td>-</td><td>-146</td></tr><tr><td colspan="9">Memorandum</td></tr><tr><td>1955</td><td></td><td>-</td><td>-</td><td>-</td><td>-269</td><td>10</td><td>-226</td><td>-</td><td>-53</td></tr><tr><td>1956</td><td></td><td>-</td><td>-</td><td>-100</td><td>-872</td><td>-23</td><td>-588</td><td>-</td><td>-261</td></tr><tr><td>1957</td><td></td><td>-</td><td>-238</td><td>-950</td><td>-86</td><td>-46</td><td>191</td><td>-</td><td>-230</td></tr><tr><td>1958</td><td></td><td>-</td><td>-225</td><td>-115</td><td>167</td><td>-20</td><td>282</td><td>-</td><td>-95</td></tr><tr><td>1959</td><td></td><td>-</td><td>58</td><td>-125</td><td>-1,222</td><td>-86</td><td>-554</td><td>-340</td><td>-242</td></tr><tr><td>1960</td><td></td><td>-</td><td>-</td><td>-994</td><td>-723</td><td>-46</td><td>-284</td><td>-144</td><td>-250</td></tr><tr><td>1961 p.</td><td></td><td>-50</td><td>-</td><td>86</td><td>-196</td><td>-52</td><td>200</td><td>-124</td><td>-220</td></tr><tr><td>1962 (Est.) 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td></td><td>-</td><td>-</td><td>-23</td><td>169</td><td>*</td><td>149</td><td>17</td><td>2</td></tr><tr><td>February</td><td></td><td>-</td><td>-</td><td>27</td><td>135</td><td>3</td><td>171</td><td>-40</td><td>*</td></tr><tr><td>March</td><td></td><td>-</td><td>-</td><td>102</td><td>72</td><td>*</td><td>114</td><td>-42</td><td>*</td></tr><tr><td>April</td><td></td><td>-</td><td>-</td><td>140</td><td>-129</td><td>2</td><td>12</td><td>-71</td><td>-72</td></tr><tr><td>May</td><td></td><td>-</td><td>-</td><td>92</td><td>-208</td><td>*</td><td>-138</td><td>-71</td><td>1</td></tr><tr><td>June p.</td><td></td><td>-</td><td>-</td><td>-14</td><td>-219</td><td>20</td><td>-100</td><td>-62</td><td>-77</td></tr><tr><td>July</td><td></td><td>-50</td><td>-</td><td>24</td><td>-41</td><td>2</td><td>*</td><td>-44</td><td>*</td></tr><tr><td>August</td><td></td><td>-</td><td>-</td><td>-22</td><td>-70</td><td>-3</td><td>-39</td><td>-28</td><td>*</td></tr></table>
Source: See Table 1.
1/ Classified as a public enterprise fund prior to January 1, 1957; as a trust enterprise fund January 1, 1957, to January 1, 1959; and as a Government-sponsored enterprise thereafter.
2/ Management and liquidating functions.
3/ Beginning 1955 excludes net transactions of Government-sponsored enterprises (see Table 3). 
4/ See Table 1, footnote 5. 
5/ Secondary market operations. 
* Less than $500,000. p Preliminary.
October 1961
13
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 6.- Intertrust Fund Transactions Excluded from Both Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th>Federal Disability Insurance Trust Fund 1/ 2/</th><th>Railroad Retirement Account 1/ 3/</th><th>Unemployment Trust Fund 4/</th><th>Federal employees' retirement fund 5/</th><th>District of Columbia 6/</th><th>Total</th></tr><tr><td>1954</td><td>-</td><td>-</td><td>12</td><td>4</td><td>-</td><td>2</td><td>18</td></tr><tr><td>1955</td><td>-</td><td>-</td><td>10</td><td>2</td><td>2</td><td>3</td><td>16</td></tr><tr><td>1956</td><td>-</td><td>-</td><td>7</td><td>-</td><td>2</td><td>3</td><td>12</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>5</td><td>-</td><td>2</td><td>3</td><td>10</td></tr><tr><td>1958</td><td>-</td><td>*</td><td>2</td><td>-</td><td>-</td><td>9</td><td>11</td></tr><tr><td>1959</td><td>124</td><td>*</td><td>-</td><td>-</td><td>-</td><td>10</td><td>135</td></tr><tr><td>1960</td><td>600</td><td>1</td><td>211</td><td>86</td><td>-</td><td>10</td><td>908</td></tr><tr><td>1961 p.</td><td>332</td><td>6</td><td>132</td><td>32</td><td>-</td><td>12</td><td>515</td></tr><tr><td>1962 (Est.)</td><td>318</td><td>1</td><td>110</td><td>98</td><td>-</td><td>10</td><td>538</td></tr><tr><td>1961-January</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td><td>2</td><td>19</td></tr><tr><td>February</td><td>-</td><td>-</td><td>20</td><td>-</td><td>-</td><td>*</td><td>20</td></tr><tr><td>March</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>2</td><td>5</td></tr><tr><td>April</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>1</td><td>11</td></tr><tr><td>May</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>1</td><td>15</td></tr><tr><td>June p.</td><td>332</td><td>5</td><td>-</td><td>13</td><td>-</td><td>2</td><td>352</td></tr><tr><td>July</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>1</td><td>12</td></tr><tr><td>August</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>1</td><td>20</td></tr></table>
1/ Payments are made between the Railroad Retirement Account and the Federal Old-Age and Survivors and Federal Disability Insurance trust funds so as to place those funds in the position in which they would have been if railroad employment after 1936 had been included under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and Survivors Insurance Trust Fund for administrative expenses.
3/ Includes temporary advances to the Railroad Unemployment Insurance Account in the Unemployment Trust Fund when the balance in the
4/ Repayment of advances plus interest to the Railroad Retirement Account. See footnote 3.
5/ Transfers from the Civil Service Retirement and Disability Fund to the Foreign Service Retirement and Disability Fund.
6/ Contributions and beginning with 1958, transfers of deductions from employees' salaries to the Civil Service Retirement and Disability Fund.
* Less than $500,000.
p Preliminary.
1
14
Treasury Bulletin
CASH INCOME AND OUTGO
The cash income and outgo data appearing in the Treasury Bulletin, beginning with the February 1956 issue, are on a basis consistent with receipts from and payments to the public as derived in the 1957 and subsequent Budgets of the United States, Special Analysis A. Reconciliation to cash deposits and withdrawals in the account of the Treasurer of the United States is shown on the same basis as in the Budget documents. There is also shown the amount of net cash borrowing from, or repayment of borrowing to, the public. By these arrangements, data in accordance with the Budget classifications are made available month by month. Figures for back years have been revised where necessary in order to make them as nearly comparable with current 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-ponsored enterprises are included in payments on a net basis as reflected in Treasury reports.
Major intragovernmental transactions which are reported as both expenditures and receipts are eliminated from both. Noncash items which represent accrued obligations of the Government to make payments in the future are also eliminated from expenditures but are added later when actual payments are made. Receipts from the exercise of monetary authority (mostly seigniorage on silver) are excluded as not representing cash received from the public. Federal cash borrowing from the public includes net borrowing by the Treasury through public debt transactions and also net borrowing by Government agencies and Government-sponsored enterprises through sales of their own securities. It excludes changes in the public debt which do not represent direct cash borrowing from the public. The net effect of all these transactions with the public is reflected in changes in the balance in the Treasurer's account and in cash held outside the Treasury.
Cash transactions through the Treasurer's account are similar in general concept to those included in the Budget series, but are limited in coverage to transactions which affect the balance in that account. On the other hand, they include receipts from the exercise of monetary authority, which are excluded from receipts from the public in the Budget series.
October 1961
15
CASH INCOME AND OUTGO
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Net cash transactions with the public other than borrowing</th><th rowspan="2">Plus: Net cash borrowing from the public, or repayment (-)</th><th rowspan="2">Plus: Receipts from exercise of monetary authority</th><th colspan="2">Equals: Change in cash balances</th></tr><tr><th>Federal receipts from the public 1/</th><th>Federal payments to the public 1/</th><th>Excess of receipts, or payments (-)</th><th>Treasurer's account balance, increase, or decrease (-)</th><th>Cash held outside Treasury, increase, or decrease (-)</th></tr><tr><td>1954</td><td>71,626</td><td>71,858</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>70,537</td><td>-2,702</td><td>1,809</td><td>29</td><td>-551</td><td>-312</td></tr><tr><td>1956</td><td>77,087</td><td>72,616</td><td>4,471</td><td>-4,366</td><td>23</td><td>331</td><td>-202</td></tr><tr><td>1957</td><td>82,105</td><td>80,006</td><td>2,099</td><td>-3,100</td><td>49</td><td>-956</td><td>5</td></tr><tr><td>1958</td><td>81,892</td><td>83,412</td><td>-1,520</td><td>5,760</td><td>59</td><td>4,159</td><td>140</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</td><td>95,078</td><td>94,301</td><td>777</td><td>1,821</td><td>53</td><td>2,654</td><td>-4</td></tr><tr><td>1961 p.</td><td>97,144</td><td>99,291</td><td>-2,147</td><td>697</td><td>55</td><td>-1,311</td><td>-83</td></tr><tr><td>1962 (Est.)</td><td>103,301</td><td>109,794</td><td>-6,493</td><td>2/</td><td>82</td><td>2/</td><td>-</td></tr><tr><td>1961-January</td><td>5,586</td><td>7,275</td><td>-1,689</td><td>119</td><td>2</td><td>-1,582</td><td>15</td></tr><tr><td>February</td><td>8,916</td><td>7,867</td><td>1,049</td><td>412</td><td>3</td><td>1,463</td><td>1</td></tr><tr><td>March</td><td>10,256</td><td>8,260</td><td>1,996</td><td>-3,609</td><td>4</td><td>-1,498</td><td>-112</td></tr><tr><td>April</td><td>6,295</td><td>8,292</td><td>-1,997</td><td>1,412</td><td>6</td><td>-761</td><td>181</td></tr><tr><td>May</td><td>9,731</td><td>9,462</td><td>269</td><td>725</td><td>8</td><td>1,128</td><td>-126</td></tr><tr><td>June p.</td><td>12,367</td><td>9,446</td><td>2,921</td><td>-1,486</td><td>4</td><td>1,532</td><td>-94</td></tr><tr><td>July</td><td>3,793</td><td>7,902</td><td>-4,109</td><td>4,167</td><td>3</td><td>-101</td><td>163</td></tr><tr><td>August</td><td>9,357</td><td>10,552</td><td>-1,195</td><td>563</td><td>8</td><td>-572</td><td>-52</td></tr><tr><td>1962 to date</td><td>13,150</td><td>18,454</td><td>-5,304</td><td>4,730</td><td>11</td><td>-674</td><td>111</td></tr></table>
Source: Actual figures are based on the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are based on budget messages by the President dated March 24 and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments submitted to the Congress on July 26, 1961.
1/ Figures in this column differ from those published prior to the September 1960 Treasury Bulletin because of the exclusion of a few additional items of budget receipts which are also budget expenditures (see Tables 3 and 4).
2/ The President's messages referred to in the source note above did not include detailed estimates for these items.
p Preliminary.
Table 2.- Summary of Cash Transactions through 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">Net cash transactions other than borrowing</th><th rowspan="2">Plus: Net cash borrowing, or repayment of borrowing (-)</th><th rowspan="2">Equals: Treasurer's account balance, increase, or decrease (-)</th></tr><tr><th>Cash deposits</th><th>Cash withdrawals</th><th>Excess of deposits, or withdrawals (-)</th></tr><tr><td>1954</td><td>71,815</td><td>71,974</td><td>-159</td><td>2,255</td><td>2,096</td></tr><tr><td>1955</td><td>67,758</td><td>69,888</td><td>-2,130</td><td>1,579</td><td>-551</td></tr><tr><td>1956</td><td>77,079</td><td>71,984</td><td>5,096</td><td>-4,765</td><td>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</td><td>94,862</td><td>93,508</td><td>1,353</td><td>1,301</td><td>2,654</td></tr><tr><td>1961</td><td>96,897</td><td>98,284</td><td>-1,387</td><td>76</td><td>-1,311</td></tr><tr><td>1962-(Est.)</td><td>103,383</td><td>109,794</td><td>-6,411</td><td>1/</td><td>1/</td></tr><tr><td>1961-January</td><td>5,447</td><td>7,100</td><td>-1,653</td><td>71</td><td>-1,582</td></tr><tr><td>February</td><td>9,356</td><td>8,247</td><td>1,109</td><td>354</td><td>1,463</td></tr><tr><td>March</td><td>10,532</td><td>8,346</td><td>2,186</td><td>-3,684</td><td>-1,498</td></tr><tr><td>April</td><td>5,903</td><td>7,974</td><td>-2,072</td><td>1,311</td><td>-761</td></tr><tr><td>May</td><td>10,006</td><td>9,566</td><td>441</td><td>687</td><td>1,128</td></tr><tr><td>June</td><td>12,069</td><td>8,875</td><td>3,194</td><td>-1,662</td><td>1,532</td></tr><tr><td>July</td><td>3,621</td><td>7,831</td><td>-4,210</td><td>4,108</td><td>-101</td></tr><tr><td>August</td><td>10,120</td><td>11,159</td><td>-1,040</td><td>467</td><td>-572</td></tr><tr><td>1962 to date</td><td>13,741</td><td>18,990</td><td>-5,249</td><td>4,575</td><td>-674</td></tr></table>
Source: Actual figures are based on the daily Treasury statement; estimates are based on budget messages by the President dated March 24, and March 28, 1961, the Statement of the Director of the Bureau of the Budget before the Joint Economic Committee on March 27, 1961, and on the President's report to the Nation of July 25, 1961, on the Berlin crisis, and his budgetary amendments
submitted to the Congress on July 26, 1961. Figures in the first four columns of this table may differ somewhat from those originally published in the daily Treasury statement because of subsequent re-classification of certain transactions. See Table 1, footnote 2.
16
Treasury Bulletin
CASH INCOME AND OUTCO
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 (net) 1/</th><th colspan="4">Less: Deductions from receipts</th><th rowspan="2">Equals: Federal receipts from the public 4/</th><th colspan="2">Reconciliation to cash transactions in Treasurer's account</th><th rowspan="2">Equals: Cash deposits in the Treasurer's account</th></tr><tr><th>Budget</th><th>Trust account</th><th>Total</th><th>Intergovernmental transactions (See Table 5) 1/</th><th>Excess profits tax refund bond redemptions 2/</th><th>Receipts from exercise of monetary authority 3/</th><th>Total deductions 1/</th><th>Plus: Receipts from exercise of monetary authority 2/</th><th>Adjustment for net difference due to reporting method (see also Table 4) 1/</th></tr><tr><td>1954</td><td>64,420</td><td>9,137</td><td>73,557</td><td>1,858</td><td>*</td><td>73</td><td>1,931</td><td>71,626</td><td>73</td><td>115</td><td>71,815</td></tr><tr><td>1955</td><td>60,209</td><td>9,521</td><td>69,729</td><td>1,865</td><td>*</td><td>29</td><td>1,894</td><td>67,836</td><td>29</td><td>-106</td><td>67,758</td></tr><tr><td>1956</td><td>67,850</td><td>11,673</td><td>79,523</td><td>2,412</td><td>*</td><td>23</td><td>2,436</td><td>77,087</td><td>23</td><td>-31</td><td>77,079</td></tr><tr><td>1957</td><td>70,562</td><td>14,359</td><td>84,921</td><td>2,767</td><td>*</td><td>49</td><td>2,816</td><td>82,105</td><td>49</td><td>-279</td><td>81,875</td></tr><tr><td>1958</td><td>68,550</td><td>16,319</td><td>84,869</td><td>2,917</td><td>*</td><td>59</td><td>2,976</td><td>81,892</td><td>59</td><td>142</td><td>82,094</td></tr><tr><td>1959</td><td>67,915</td><td>16,950</td><td>84,865</td><td>3,161</td><td>*</td><td>44</td><td>3,205</td><td>81,660</td><td>44</td><td>-93</td><td>81,612</td></tr><tr><td>1960</td><td>77,763</td><td>20,534 2/</td><td>98,298 2/</td><td>3,167</td><td>*</td><td>53</td><td>3,220</td><td>95,078</td><td>53</td><td>-269</td><td>94,862</td></tr><tr><td>1961 p</td><td>77,578</td><td>23,792</td><td>101,370</td><td>4,170</td><td>*</td><td>55</td><td>4,226</td><td>97,144</td><td>55</td><td>-303</td><td>96,897</td></tr><tr><td>1962 (Est.)</td><td>82,433</td><td>25,131</td><td>107,564</td><td>4,181</td><td>*</td><td>82</td><td>4,263</td><td>103,301</td><td>82</td><td>-</td><td>103,383</td></tr><tr><td>1961-Jan.</td><td>4,846</td><td>858 2/</td><td>5,704 2/</td><td>116</td><td>*</td><td>2</td><td>118</td><td>5,586</td><td>2</td><td>-141</td><td>5,447</td></tr><tr><td>Feb.</td><td>6,537</td><td>2,684</td><td>9,222</td><td>303</td><td>*</td><td>3</td><td>306</td><td>8,916</td><td>3</td><td>438</td><td>9,356</td></tr><tr><td>Mar.</td><td>8,524</td><td>1,939</td><td>10,463</td><td>203</td><td>*</td><td>4</td><td>207</td><td>10,256</td><td>4</td><td>272</td><td>10,532</td></tr><tr><td>Apr.</td><td>5,125</td><td>1,539 2/</td><td>6,664 2/</td><td>364</td><td>*</td><td>6</td><td>369</td><td>6,295</td><td>6</td><td>-398</td><td>5,903</td></tr><tr><td>May.</td><td>6,467</td><td>3,577</td><td>10,044</td><td>305</td><td>*</td><td>8</td><td>313</td><td>9,731</td><td>8</td><td>267</td><td>10,006</td></tr><tr><td>June p.</td><td>10,749</td><td>2,975</td><td>13,724</td><td>1,353</td><td>*</td><td>4</td><td>1,357</td><td>12,367</td><td>4</td><td>-302</td><td>12,069</td></tr><tr><td>July</td><td>2,982</td><td>1,002</td><td>3,984</td><td>189</td><td>*</td><td>3</td><td>192</td><td>3,793</td><td>3</td><td>-175</td><td>3,621</td></tr><tr><td>Aug.</td><td>6,367</td><td>3,297</td><td>9,663</td><td>298</td><td>*</td><td>8</td><td>306</td><td>9,357</td><td>8</td><td>755</td><td>10,120</td></tr></table>
Source: See Table 1. Details of basic receipt figures appear in preceding sections in the Bulletin.
Footnotes follow Table 7.
Table 4.
Derivation of Federal Government Payments to the Public, and Reconciliation to Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Expenditures</th><th colspan="2">Less: Deductions from expenditures</th><th rowspan="2">Equals: Federal payments to the public 2/</th><th colspan="2">Reconciliation to cash transactions in the Treasurer's account</th><th rowspan="2">Adjustment for net difference due to reporting method (See also Table 3) 1/</th><th rowspan="2">Equals: Cash withdrawals from the Treasurer's account</th></tr><tr><th>Budget 1/</th><th>Trust and deposit fund account 1/</th><th>Government-sponsored enterprise (net) 2/</th><th>Total 1/</th><th>Intra-governmental transactions (See Table 5) 1/</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</th><th>From proceeds of sales in the market of agency obligations and public debt securities (See Table 7)</th></tr><tr><td>1954......</td><td>67,537</td><td>7,186 4/</td><td>-435 4/</td><td>74,288</td><td>1,858</td><td>572</td><td>71,858</td><td>-257</td><td>256</td><td>115</td><td>71,974</td></tr><tr><td>1955......</td><td>64,389</td><td>8,531</td><td>98</td><td>73,017</td><td>1,865</td><td>615</td><td>70,537</td><td>312</td><td>230</td><td>-106</td><td>69,888</td></tr><tr><td>1956......</td><td>66,224</td><td>9,424 5/</td><td>324</td><td>75,972</td><td>2,412</td><td>943</td><td>72,616</td><td>202</td><td>399</td><td>-31</td><td>71,984</td></tr><tr><td>1957......</td><td>68,966</td><td>12,951</td><td>45</td><td>81,962</td><td>2,767</td><td>-811</td><td>80,006</td><td>-5</td><td>549</td><td>-279</td><td>79,183</td></tr><tr><td>1958......</td><td>71,369</td><td>16,059</td><td>-629</td><td>86,799</td><td>2,917</td><td>470</td><td>83,412</td><td>-140</td><td>506</td><td>142</td><td>83,188</td></tr><tr><td>1959......</td><td>80,342</td><td>18,462</td><td>1,290</td><td>100,095</td><td>3,161</td><td>2,131</td><td>94,804</td><td>23</td><td>646</td><td>-93</td><td>94,042</td></tr><tr><td>1960......</td><td>76,539</td><td>20,891 6/</td><td>487</td><td>97,917 6/</td><td>3,167</td><td>449</td><td>94,301</td><td>4</td><td>520</td><td>-269</td><td>93,508</td></tr><tr><td>1961 p.....</td><td>81,503</td><td>23,182</td><td>-239</td><td>104,446</td><td>4,170</td><td>985</td><td>99,291</td><td>83</td><td>621</td><td>-303</td><td>98,284</td></tr><tr><td>1962 (Est.)</td><td>87,723</td><td>26,145</td><td>421</td><td>114,289</td><td>4,181</td><td>314</td><td>109,794</td><td>-</td><td>-</td><td>-</td><td>109,794</td></tr><tr><td>1961-Jan....</td><td>6,470</td><td>1,938 6/</td><td>-553</td><td>7,855 6/</td><td>116</td><td>464</td><td>7,275</td><td>-15</td><td>49</td><td>-141</td><td>7,100</td></tr><tr><td>Feb......</td><td>6,236</td><td>2,046</td><td>-135</td><td>8,147</td><td>303</td><td>-23</td><td>7,867</td><td>-1</td><td>59</td><td>438</td><td>8,247</td></tr><tr><td>Mar......</td><td>7,012</td><td>2,059</td><td>-51</td><td>9,019</td><td>203</td><td>556</td><td>8,260</td><td>112</td><td>75</td><td>272</td><td>8,346</td></tr><tr><td>Apr.....</td><td>6,450</td><td>2,225 6/</td><td>202</td><td>8,877 6/</td><td>364</td><td>221</td><td>8,292</td><td>-181</td><td>100</td><td>-398</td><td>7,974</td></tr><tr><td>May.....</td><td>7,169</td><td>2,033</td><td>58</td><td>9,261</td><td>305</td><td>-507</td><td>9,462</td><td>126</td><td>38</td><td>267</td><td>9,566</td></tr><tr><td>June p.....</td><td>7,948</td><td>2,320</td><td>318</td><td>10,586</td><td>1,353</td><td>-213</td><td>9,446</td><td>94</td><td>176</td><td>-302</td><td>8,875</td></tr><tr><td>July.....</td><td>6,322</td><td>1,873</td><td>124</td><td>8,319</td><td>189</td><td>229</td><td>7,902</td><td>-163</td><td>59</td><td>-175</td><td>7,831</td></tr><tr><td>Aug.....</td><td>7,631</td><td>2,052</td><td>176</td><td>9,859</td><td>298</td><td>-991</td><td>10,552</td><td>52</td><td>96</td><td>755</td><td>11,159</td></tr></table>
Source: See Table 1. Details of basic expenditure figures appear in preceding sections in the Bulletin.
Footnotes follow Table 7.
October 1961
17
CASH INCOME AND OUTGO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Budget receipts which are also trust fund expenditures 1/</th><th>Budget receipts which are also Government-sponsored enterprise expenditures 2/</th><th colspan="4">Trust fund receipts which are also budget expenditures</th><th>Total 5/</th></tr><tr><th></th><th></th><th></th><th>Interest on investment in public debt securities</th><th>Interest on uninvested trust funds</th><th>Payroll deductions for employees' retirement 2/</th><th>Other 4/</th><th></th></tr><tr><td>1954.</td><td>68</td><td>-</td><td>1,188</td><td>5</td><td>430</td><td>167</td><td>1,858</td></tr><tr><td>1955.</td><td>81</td><td>1</td><td>1,173</td><td>5</td><td>439</td><td>166</td><td>1,865</td></tr><tr><td>1956.</td><td>102</td><td>2</td><td>1,207</td><td>5</td><td>574</td><td>521</td><td>2,412</td></tr><tr><td>1957.</td><td>104</td><td>1</td><td>1,318</td><td>6</td><td>644</td><td>695</td><td>2,767</td></tr><tr><td>1958.</td><td>221</td><td>1</td><td>1,342</td><td>8</td><td>662</td><td>681</td><td>2,917</td></tr><tr><td>1959.</td><td>239</td><td>6</td><td>1,315</td><td>9</td><td>746</td><td>846</td><td>3,161</td></tr><tr><td>1960.</td><td>261</td><td>3</td><td>1,327</td><td>10</td><td>747</td><td>819 6/</td><td>3,167</td></tr><tr><td>1961 p.</td><td>298</td><td>3</td><td>1,404</td><td>10</td><td>841</td><td>1,615</td><td>4,170</td></tr><tr><td>1962 (Est.)</td><td>339</td><td>3</td><td>1,420</td><td>12</td><td>795</td><td>1,613</td><td>4,181</td></tr><tr><td>1961-January.</td><td>6</td><td>-</td><td>6</td><td>*</td><td>79</td><td>25 6/</td><td>116</td></tr><tr><td>February.</td><td>146</td><td>-</td><td>33</td><td>1</td><td>60</td><td>63</td><td>303</td></tr><tr><td>March.</td><td>6</td><td>-</td><td>22</td><td>3</td><td>84</td><td>88</td><td>203</td></tr><tr><td>April.</td><td>4</td><td>-</td><td>42</td><td>*</td><td>60</td><td>258 6/</td><td>364</td></tr><tr><td>May.</td><td>10</td><td>-</td><td>28</td><td>1</td><td>71</td><td>195</td><td>305</td></tr><tr><td>June p.</td><td>9</td><td>-</td><td>848</td><td>*</td><td>86</td><td>411</td><td>1,353</td></tr><tr><td>July.</td><td>4</td><td>-</td><td>4</td><td>*</td><td>61</td><td>120</td><td>189</td></tr><tr><td>August.</td><td>11</td><td>5</td><td>23</td><td>*</td><td>73</td><td>186</td><td>298</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>C clearing account for public debt interest 2/</th><th colspan="4">Noncess expenditures involving issuance of public debt securities 3/</th><th>C 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 colspan="2">Special notes to - 6/</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>International Monetary Fund</th><th>International Development Association</th><th></th><th></th></tr><tr><td>1954.</td><td>524</td><td>68</td><td>-1</td><td>-14</td><td>109</td><td>-</td><td>-115</td><td>572</td></tr><tr><td>1955.</td><td>497</td><td>26</td><td>-1</td><td>-8</td><td>156</td><td>-</td><td>-55</td><td>615</td></tr><tr><td>1956.</td><td>456</td><td>-15</td><td>*</td><td>-7</td><td>175</td><td>-</td><td>335</td><td>943</td></tr><tr><td>1957.</td><td>388</td><td>234</td><td>*</td><td>-6</td><td>-674</td><td>-</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>-</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</td><td>-</td><td>-116</td><td>2,131</td></tr><tr><td>1960.</td><td>341</td><td>231</td><td>*</td><td>-2</td><td>259</td><td>-</td><td>-380</td><td>449</td></tr><tr><td>1961 p.</td><td>222</td><td>442</td><td>*</td><td>-1</td><td>258</td><td>58</td><td>7</td><td>985</td></tr><tr><td>1962 (Est.)</td><td>8/</td><td>8/</td><td>8/</td><td>8/</td><td>8/</td><td>8/</td><td>8/</td><td>314</td></tr><tr><td>1961-January.</td><td>13</td><td>149</td><td>*</td><td>*</td><td>29</td><td>-</td><td>273</td><td>464</td></tr><tr><td>February.</td><td>35</td><td>-352</td><td>*</td><td>*</td><td>-</td><td>-</td><td>295</td><td>-23</td></tr><tr><td>March.</td><td>-62</td><td>299</td><td>*</td><td>*</td><td>38</td><td>-</td><td>281</td><td>556</td></tr><tr><td>April.</td><td>3</td><td>335</td><td>*</td><td>*</td><td>13</td><td>-</td><td>-130</td><td>221</td></tr><tr><td>May.</td><td>49</td><td>-367</td><td>*</td><td>*</td><td>-53</td><td>-</td><td>-136</td><td>-507</td></tr><tr><td>June p.</td><td>4</td><td>113</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-329</td><td>-213</td></tr><tr><td>July.</td><td>150</td><td>-241</td><td>*</td><td>*</td><td>45</td><td>-</td><td>274</td><td>229</td></tr><tr><td>August.</td><td>28</td><td>-388</td><td>*</td><td>*</td><td>-470</td><td>-</td><td>-161</td><td>-991</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
18
Treasury Bulletin
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public, and Reconciliation to Net Cash Debt Transactions through the Account of the Treasurer of the United States
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
Change in public debt and agency obligations held by the public
<table><tr><th rowspan="2">Fiscal 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 and trust enterprise funds</th><th>Government-sponsored enterprises</th><th>Trust funds</th><th>Public enterprise funds</th><th>Government-sponsored enterprises</th></tr><tr><td>1954</td><td>5,189</td><td>-14</td><td>11</td><td>1,686 1/</td><td>-77</td><td>446 1/</td><td>3,130</td></tr><tr><td>1955</td><td>3,115</td><td>602</td><td>269</td><td>1,236</td><td>126</td><td>171</td><td>2,454</td></tr><tr><td>1956</td><td>-1,623</td><td>173</td><td>872</td><td>2,516 2/</td><td>101</td><td>549</td><td>-3,743</td></tr><tr><td>1957</td><td>-2,224</td><td>1,085</td><td>86</td><td>2,262</td><td>36</td><td>41</td><td>-3,392</td></tr><tr><td>1958</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</td><td>1,625</td><td>1,023</td><td>723</td><td>551</td><td>166</td><td>236</td><td>2,418</td></tr><tr><td>1961 p.</td><td>2,640</td><td>-733</td><td>196</td><td>288</td><td>148</td><td>435</td><td>1,233</td></tr><tr><td>1962 (Est.) 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td>-181</td><td>27</td><td>-169</td><td>-866</td><td>-1</td><td>384</td><td>161</td></tr><tr><td>February</td><td>508</td><td>8</td><td>-135</td><td>-78</td><td>13</td><td>*</td><td>447</td></tr><tr><td>March</td><td>-3,072</td><td>-87</td><td>-72</td><td>403</td><td>20</td><td>-20</td><td>-3,633</td></tr><tr><td>April</td><td>516</td><td>-132</td><td>129</td><td>-848</td><td>5</td><td>-73</td><td>1,428</td></tr><tr><td>May</td><td>2,158</td><td>-86</td><td>208</td><td>1,396</td><td>13</td><td>150</td><td>721</td></tr><tr><td>June p.</td><td>-1,175</td><td>29</td><td>219</td><td>670</td><td>-15</td><td>-99</td><td>-1,483</td></tr><tr><td>July</td><td>3,433</td><td>24</td><td>41</td><td>-827</td><td>47</td><td>-83</td><td>4,362</td></tr><tr><td>August</td><td>1,310</td><td>32</td><td>70</td><td>1,377</td><td>20</td><td>-106</td><td>121</td></tr><tr><th>Fiscal year or month</th><th>Net accrued interest on savings bonds and Treasury bills 4/</th><th colspan="4">Less: Deductions for noncash and other transactions</th><th>Equals: Net cash borrowing from the public, or repayment (-)</th><th>Less: Transactions not reflected in the Treasurer's account 8/</th><th>Equals: Net cash borrowing through the Treasurer's account, or repayment (-)</th></tr><tr><th></th><th></th><th>Adjusted service bonds 6/</th><th>Armed Forces leave bonds 6/</th><th>Special notes to - International Monetary Fund 5/</th><th>International Development Association 6/</th><th>Excess profits tax refund bonds 7/</th><th>Total deductions</th><th></th><th></th></tr><tr><td>1954</td><td>524</td><td>-1</td><td>-14</td><td>109</td><td>-</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>*</td><td>644</td><td>1,809</td><td>230</td><td>1,579</td></tr><tr><td>1956</td><td>456</td><td>*</td><td>-7</td><td>175</td><td>-</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>*</td><td>-292</td><td>-3,100</td><td>549</td><td>-3,648</td></tr><tr><td>1958</td><td>254</td><td>*</td><td>-4</td><td>-450</td><td>-</td><td>*</td><td>-200</td><td>5,760</td><td>506</td><td>5,253</td></tr><tr><td>1959</td><td>801</td><td>*</td><td>-2</td><td>1,361</td><td>-</td><td>*</td><td>2,160</td><td>8,678</td><td>646</td><td>8,032</td></tr><tr><td>1960</td><td>341</td><td>*</td><td>-2</td><td>259</td><td>-</td><td>*</td><td>597</td><td>1,821</td><td>520</td><td>1,301</td></tr><tr><td>1961 p.</td><td>222</td><td>*</td><td>-1</td><td>258</td><td>58</td><td>*</td><td>536</td><td>697</td><td>621</td><td>76</td></tr><tr><td>1962 (Est.) 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td>13</td><td>*</td><td>*</td><td>29</td><td>-</td><td>*</td><td>42</td><td>119</td><td>49</td><td>71</td></tr><tr><td>February</td><td>35</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>34</td><td>412</td><td>59</td><td>354</td></tr><tr><td>March</td><td>-62</td><td>*</td><td>*</td><td>38</td><td>-</td><td>*</td><td>-24</td><td>-3,609</td><td>75</td><td>-3,684</td></tr><tr><td>April</td><td>3</td><td>*</td><td>*</td><td>13</td><td>-</td><td>*</td><td>16</td><td>1,412</td><td>100</td><td>1,311</td></tr><tr><td>May</td><td>49</td><td>*</td><td>*</td><td>-53</td><td>-</td><td>*</td><td>-4</td><td>725</td><td>38</td><td>687</td></tr><tr><td>June p.</td><td>4</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>3</td><td>-1,486</td><td>176</td><td>-1,662</td></tr><tr><td>July</td><td>150</td><td>*</td><td>*</td><td>45</td><td>-</td><td>*</td><td>195</td><td>4,167</td><td>59</td><td>4,108</td></tr><tr><td>August</td><td>28</td><td>*</td><td>*</td><td>-470</td><td>-</td><td>*</td><td>-442</td><td>563</td><td>96</td><td>467</td></tr></table>
Source: See Table 1.
Footnotes on following page.
October 1961
19
CASH INCOME AND OUTGO
Footnotes to Table 3
1/ All previously published figures were revised in the September 1960 Bulletin to take account of the deduction of certain interfund transactions from both net budget receipts and budget expenditures; and also in the July 1961 issue, deductions for certain interfund fund transactions from both trust account receipts and trust account expenditures (see pp. 2, 4, 9, and 10). Formerly such transactions were included in the intragovernmental transactions which were deducted in deriving receipts from and payments to the public. 
2/ Treated as noncash refund deductions from receipts when issued and as cash refund deductions when redeemed. 
3/ 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. Figures in this column differ from those published prior to the September 1960 Treasury Bulletin because a few additional items of budget receipts which are also budget expenditures are included in the interfund transactions deducted from budget receipts and budget expenditures (see footnote 1). Adjusted for reclassification of certain repayments of advances from the general fund. Less than $500,000. Preliminary.
Footnotes to Table 4
1/ See Table 3,footnote 1. 
2/ 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. In 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 cumulated net of investment in Federal securities and redemption of agency obligations in the market.
2/ See Table 3, footnote 4.
3/ See Table 7, footnote 1.
5/ Does not include revolving fund receipts representing acquired securities amounting to $1,643,070 (par value).
6/ See Table 3, footnote 5.
p Preliminary.
Footnotes to Table 5
1/ Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund for administrative expenses and beginning with 1959 for refunds of taxes (treated as an offset to refunds rather than being credited to receipts); 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.
2/ Consists of payment of franchise tax by banks for cooperatives beginning 1955, and also by Federal intermediate credit banks beginning January 1959.
3/ 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,
beginning with fiscal year 1959 excludes voluntary contributions. 4/ Consists 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. 5/ Figures in this column differ from those previously published because budget receipts which are also budget expenditures, and trust fund receipts which are also trust fund expenditures are no longer included; see Tables 3 and 4. 6/ See Table 3, footnote 5. * Less than $500,000. p Preliminary.
Footnotes to Table 6
1/ Accrued discount on savings bonds and bills less interest paid on savings bonds and bills redeemed.
2/ Public debt interest due and accrued beginning June 30, 1955, effective date of the change in accounting and reporting from a due and payable basis to an accrual basis; for 1954, consists only of public debt interest checks and coupons outstanding; net increase, or decrease (-).
3/ Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption; net issuance, or redemption (-).
4/ Issued in 1936 in exchange for adjusted service certificates held by veterans of World War I. The bonds matured in 1945.
5/ Issued in 1947 in payment for accumulated leave. The last of these bonds matured in 1951.
6/ Paris of the United States subscriptions to the International Monetary Fund (see 1947 Annual Report of the Secretary of the Treasury, pp. 43,
350, and 385) and the International Development Association were paid in nonnegotiable, noninterest-bearing notes of the United States, payable on demand. In June 1959 notes amounting to $1,031 million were issued to the Fund as part of the additional U. S. subscription authorized by an act approved June 17, 1959. In November 1960 notes amounting to $58 million were issued to the International Development Association as part of the first annual installment of the U. S. subscription. See "Budget Receipts and Expenditures," Table 3, footnote 10. 7/ Checks outstanding less deposits in transit, and changes in other accounts; net increase, or decrease (-). 3/ See Table 1, footnote 2. * Less than $500,000. p Preliminary.
Footnotes to Table 7
1/ In this table, 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 with other trust accounts.
2/ Does not include investments representing acquired securities amounting to $1,643,070 (par value) and donation of securities amounting to $43,800 (par value).
3/ See Table 1, footnote 2.
4/ Accrued discount on savings bonds and bills, which is included in the principal of the public debt, less interest paid on savings bonds and bills redeemed.
5/ Treated as noncash transactions at the time of issuance and all cash transactions at the time of redemption; net issuance, at redemption
6/ Excluded from term wind because the transactions are treated as expenditures in table
7/ Excluded from term wind because the transactions are treated as deductions from receipts in table
8/ Market transactions in public debt securities and certain derivatives.
* Less than $100,000.
Preliminary.
Treasury Bulletin
20
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 permite 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="6">Treasury operating balance</th><th rowspan="2">In Federal Reserve Banks in process of collection</th><th rowspan="2">in other depositaries</th><th rowspan="2">Total 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></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>365</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>1960</td><td>504</td><td>6,458</td><td>106</td><td>7,068</td><td>253</td><td>58</td><td>337</td><td>375</td><td>8,092</td><td>87</td><td>8,005</td></tr><tr><td>1961</td><td>408</td><td>5,453</td><td>109</td><td>5,969</td><td>179</td><td>64</td><td>222</td><td>335</td><td>6,769</td><td>75</td><td>6,694</td></tr><tr><td>1960-December</td><td>485</td><td>5,165</td><td>101</td><td>5,751</td><td>234</td><td>70</td><td>180</td><td>296</td><td>6,531</td><td>119</td><td>6,411</td></tr><tr><td>1961-January</td><td>588</td><td>3,215</td><td>115</td><td>3,919</td><td>247</td><td>111</td><td>259</td><td>376</td><td>4,912</td><td>83</td><td>4,829</td></tr><tr><td>February</td><td>467</td><td>4,881</td><td>112</td><td>5,460</td><td>257</td><td>64</td><td>249</td><td>365</td><td>6,393</td><td>101</td><td>6,292</td></tr><tr><td>March</td><td>443</td><td>3,533</td><td>103</td><td>4,079</td><td>219</td><td>73</td><td>190</td><td>313</td><td>4,874</td><td>80</td><td>4,794</td></tr><tr><td>April</td><td>633</td><td>2,315</td><td>115</td><td>3,062</td><td>199</td><td>55</td><td>391</td><td>407</td><td>4,115</td><td>81</td><td>4,034</td></tr><tr><td>May</td><td>372</td><td>3,994</td><td>122</td><td>4,488</td><td>209</td><td>74</td><td>149</td><td>314</td><td>5,234</td><td>72</td><td>5,162</td></tr><tr><td>June</td><td>408</td><td>5,453</td><td>109</td><td>5,969</td><td>179</td><td>64</td><td>222</td><td>335</td><td>6,769</td><td>75</td><td>6,694</td></tr><tr><td>July</td><td>415</td><td>5,287</td><td>148</td><td>5,850</td><td>225</td><td>58</td><td>182</td><td>346</td><td>6,660</td><td>67</td><td>6,593</td></tr><tr><td>August</td><td>543</td><td>4,745</td><td>108</td><td>5,397</td><td>190</td><td>51</td><td>115</td><td>331</td><td>6,084</td><td>64</td><td>6,020</td></tr></table>
Source: Daily Treasury statement.
1/ Consists of Treasurer's checks outstanding, reserve and other deposits of Board of Trustees of the Postal Savings System, uncollected items, exchanges, etc., beginning December 1954; prior to that time included also Post Office Department and Postmasters' disbursing accounts (see footnote 2).
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 3). An adjustment of - $207 million in the balance in the Treasurer's account (and in the "clearing account") reflects this change.
October 1961
21
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Credits</th><th colspan="2">Taxes</th><th rowspan="2">With-drawals</th><th colspan="4">Balance</th></tr><tr><th>Savings bonds</th><th>Savings notes</th><th>Tax anticipa-tion securities</th><th>Other</th><th>Withheld and excise 2/</th><th>Income (by special arrange-ment) 3/</th><th>End of period</th><th colspan="3">During period</th></tr><tr><td>1954</td><td>3,457</td><td>2,333</td><td>6,861</td><td>4,304</td><td>19,898</td><td>4,791</td><td>41,644</td><td>39,879</td><td>4,836</td><td>7,493</td><td>1,649</td><td>3,870</td></tr><tr><td>1955</td><td>4,424</td><td>-</td><td>5,977</td><td>8,167</td><td>20,538</td><td>2,967</td><td>42,074</td><td>42,545</td><td>4,365</td><td>7,299</td><td>1,910</td><td>3,991</td></tr><tr><td>1956</td><td>3,810</td><td>-</td><td>6,035</td><td>786</td><td>23,897</td><td>4,611</td><td>39,140</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>1960</td><td>2,679</td><td>-</td><td>7,784</td><td>7,920</td><td>33,059</td><td>6,053</td><td>57,496</td><td>54,782</td><td>6,458</td><td>6,458</td><td>1,390</td><td>4,103</td></tr><tr><td>1961</td><td>2,787</td><td>-</td><td>7,613</td><td>1,788</td><td>34,511</td><td>9,142</td><td>55,842</td><td>56,847</td><td>5,453</td><td>7,653</td><td>1,161</td><td>4,151</td></tr><tr><td>1960-December</td><td>222</td><td>-</td><td>-</td><td>1</td><td>3,242</td><td>1,561</td><td>5,026</td><td>4,379</td><td>5,165</td><td>5,362</td><td>2,084</td><td>3,809</td></tr><tr><td>1961-January</td><td>318</td><td>-</td><td>-</td><td>-</td><td>1,334</td><td>56</td><td>1,707</td><td>3,657</td><td>3,215</td><td>5,138</td><td>2,637</td><td>3,414</td></tr><tr><td>February</td><td>261</td><td>-</td><td>-</td><td>-</td><td>3,864</td><td>-</td><td>4,125</td><td>2,458</td><td>4,881</td><td>4,957</td><td>2,976</td><td>3,812</td></tr><tr><td>March</td><td>257</td><td>-</td><td>-</td><td>-</td><td>3,490</td><td>1,825</td><td>5,572</td><td>6,921</td><td>3,533</td><td>4,926</td><td>2,310</td><td>3,705</td></tr><tr><td>April</td><td>223</td><td>-</td><td>743</td><td>-</td><td>1,142</td><td>37</td><td>2,145</td><td>3,363</td><td>2,315</td><td>4,321</td><td>1,161</td><td>2,171</td></tr><tr><td>May</td><td>228</td><td>-</td><td>-</td><td>-</td><td>4,149</td><td>-</td><td>4,377</td><td>2,697</td><td>2,994</td><td>4,801</td><td>2,519</td><td>3,765</td></tr><tr><td>June</td><td>220</td><td>-</td><td>-</td><td>1,788</td><td>3,594</td><td>1,800</td><td>7,401</td><td>5,943</td><td>5,453</td><td>5,453</td><td>1,250</td><td>3,571</td></tr><tr><td>July</td><td>229</td><td>-</td><td>3,442</td><td>-</td><td>1,368</td><td>37</td><td>5,076</td><td>5,242</td><td>5,287</td><td>5,360</td><td>2,010</td><td>3,739</td></tr><tr><td>August</td><td>235</td><td>-</td><td>-</td><td>-</td><td>4,158</td><td>-</td><td>4,393</td><td>4,934</td><td>4,745</td><td>5,291</td><td>3,808</td><td>4,582</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 U. S. 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 depository 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.
3/ Under a special procedure begun in March 1951, authorization may be given for income tax payments, or a portion of them, made by checks of $10,000 or more drawn on a special depositary bank, to be credited to the tax and loan account in that bank. This procedure is followed during some of the quarterly periods of heavy tax payments.
22
Treasury Bulletin
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(in millions of dollars)
<table><tr><th 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 2/</th><th>Guaranteed securities 3/</th><th>Total</th><th>Public debt</th><th>Guaranteed securities 3/ 4/</th><th>Total</th><th colspan="3">Public debt</th><th>Guaranteed securities 2/ (matured)</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Matured</th><th>Special notes to - 5/ Monetary Fund</th><th>Development Association 6/</th><th>Other 6/</th></tr><tr><td>1955</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>-</td><td>502</td><td>1</td></tr><tr><td>1956</td><td>274,418</td><td>274,374</td><td>44</td><td>271,785</td><td>271,741</td><td>43</td><td>2,634</td><td>2,633</td><td>589</td><td>1,567</td><td>-</td><td>477</td><td>1</td></tr><tr><td>1957</td><td>272,825</td><td>272,751</td><td>74</td><td>269,356</td><td>269,883</td><td>73</td><td>2,869</td><td>2,868</td><td>666</td><td>1,742</td><td>-</td><td>460</td><td>1</td></tr><tr><td>1958</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>-</td><td>444</td><td>1</td></tr><tr><td>1959</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>-</td><td>430</td><td>1</td></tr><tr><td>1960</td><td>284,817</td><td>284,706</td><td>111</td><td>281,344</td><td>281,833</td><td>110</td><td>2,873</td><td>2,873</td><td>476</td><td>1,979</td><td>-</td><td>417</td><td>1</td></tr><tr><td>1961</td><td>286,471</td><td>286,331</td><td>140</td><td>283,380</td><td>283,241</td><td>139</td><td>3,090</td><td>3,090</td><td>445</td><td>2,238</td><td>-</td><td>407</td><td>1</td></tr><tr><td>1961</td><td>289,211</td><td>288,971</td><td>240</td><td>285,911</td><td>285,672</td><td>240</td><td>3,300</td><td>3,299</td><td>349</td><td>2,496</td><td>58</td><td>396</td><td>1</td></tr><tr><td>1 # - December</td><td>290,373</td><td>290,217</td><td>156</td><td>286,975</td><td>286,820</td><td>155</td><td>3,397</td><td>3,396</td><td>469</td><td>2,469</td><td>58</td><td>401</td><td>1</td></tr><tr><td>261-January</td><td>290,196</td><td>290,136</td><td>160</td><td>286,810</td><td>286,651</td><td>159</td><td>3,386</td><td>3,385</td><td>429</td><td>2,498</td><td>58</td><td>400</td><td>2</td></tr><tr><td>February</td><td>290,740</td><td>290,544</td><td>196</td><td>287,384</td><td>287,190</td><td>195</td><td>3,356</td><td>3,354</td><td>399</td><td>2,498</td><td>58</td><td>399</td><td>2</td></tr><tr><td>March</td><td>287,682</td><td>287,471</td><td>211</td><td>284,268</td><td>284,058</td><td>210</td><td>3,414</td><td>3,414</td><td>420</td><td>2,536</td><td>58</td><td>400</td><td>1</td></tr><tr><td>April</td><td>288,206</td><td>287,987</td><td>219</td><td>284,849</td><td>284,631</td><td>218</td><td>3,357</td><td>3,356</td><td>352</td><td>2,549</td><td>58</td><td>397</td><td>1</td></tr><tr><td>May</td><td>290,371</td><td>290,146</td><td>225</td><td>287,070</td><td>286,845</td><td>225</td><td>3,301</td><td>3,300</td><td>349</td><td>2,496</td><td>58</td><td>398</td><td>1</td></tr><tr><td>June</td><td>289,211</td><td>288,971</td><td>240</td><td>285,911</td><td>285,672</td><td>240</td><td>3,300</td><td>3,299</td><td>349</td><td>2,496</td><td>58</td><td>396</td><td>1</td></tr><tr><td>July</td><td>292,643</td><td>292,404</td><td>239</td><td>289,235</td><td>288,998</td><td>237</td><td>3,407</td><td>3,406</td><td>315</td><td>2,541</td><td>58</td><td>493</td><td>1</td></tr><tr><td>August</td><td>293,964</td><td>293,714</td><td>249</td><td>290,907</td><td>290,659</td><td>248</td><td>3,057</td><td>3,056</td><td>436</td><td>2,071</td><td>58</td><td>491</td><td>1</td></tr></table>
Source: Fidelity Treasury statement.
1/ Includes certain obligations no' subject to statutory limitation. For amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government agencies in exchange for which their obligations were issued to the Treasury (see Table 6).
3/ Held outside the Treasury.
5/ Consists of Federal Housing Administration debentures, and also D. C. Armory Board stadium bonds beginning July 1959.
2/ Special notes of the United States issued to the International Monetary Fund and the International Development Asocciation in payment of part of the U. S. subscription to each (see "Budget Receipts and Expenditures," Table 3, footnote 10).
6/ 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 rowspan="2">End of fiscal year or month</th><th colspan="3">Total interest-bearing securities</th><th rowspan="2">Total interest-bearing securities</th><th colspan="7">Computed annual interest rate</th><th rowspan="2">Guaranteed securities 1/</th></tr><tr><th>Amount outstanding Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Computed annual interest charge Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Total public debt</th><th colspan="4">Marketable issues</th><th>Non-marketable issues 4/</th><th>Special issues</th></tr><tr><td>1/5/</td><td>268,990</td><td>268,910</td><td>6,300</td><td>6,298</td><td>2.342</td><td>2.342</td><td>2.043</td><td>.843</td><td>1.928</td><td>1.838</td><td>2.440</td><td>2.751</td><td>2.671</td><td>2.547</td></tr><tr><td>1/15/</td><td>271,785</td><td>271,741</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>1.846</td><td>2.480</td><td>2.789</td><td>2.585</td><td>2.590</td></tr><tr><td>1/16/</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>1/17/</td><td>268,592</td><td>268,436</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>1/18/</td><td>274,798</td><td>274,698</td><td>7,248</td><td>7,245</td><td>2.638</td><td>2.638</td><td>2.546</td><td>1.033</td><td>3.330</td><td>2.807</td><td>2.576</td><td>2.892</td><td>2.630</td><td>2.622</td></tr><tr><td>1/19/</td><td>281,944</td><td>281,833</td><td>8,169</td><td>8,166</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>1/40/</td><td>283,380</td><td>283,241</td><td>9,320</td><td>9,316</td><td>3.297</td><td>3.297</td><td>3.449</td><td>3.815</td><td>4.721</td><td>4.058</td><td>2.639</td><td>3.219</td><td>2.772</td><td>2.681</td></tr><tr><td>1/41/</td><td>285,911</td><td>285,672</td><td>8,769</td><td>8,761</td><td>3.072</td><td>3.072</td><td>3.003</td><td>2.584</td><td>3.073</td><td>3.704</td><td>2.829</td><td>3.330</td><td>2.803</td><td>3.144</td></tr><tr><td>1/40-December</td><td>286,975</td><td>286,820</td><td>8,981</td><td>8,976</td><td>3.137</td><td>3.137</td><td>3.188</td><td>2.915</td><td>4.032</td><td>3.772</td><td>2.749</td><td>3.249</td><td>2.785</td><td>2.924</td></tr><tr><td>1/41-January</td><td>286,810</td><td>286,651</td><td>8,924</td><td>8,720</td><td>3.118</td><td>3.118</td><td>3.160</td><td>2.786</td><td>4.032</td><td>3.771</td><td>2.750</td><td>3.253</td><td>2.775</td><td>2.937</td></tr><tr><td>February</td><td>287,384</td><td>287,190</td><td>8,834</td><td>8,328</td><td>3.081</td><td>3.081</td><td>3.101</td><td>2.787</td><td>3.524</td><td>3.705</td><td>2.750</td><td>3.257</td><td>2.778</td><td>3.013</td></tr><tr><td>March</td><td>284,268</td><td>284,058</td><td>8,821</td><td>8,815</td><td>3.109</td><td>3.109</td><td>3.140</td><td>2.780</td><td>3.524</td><td>3.720</td><td>2.831</td><td>3.261</td><td>2.791</td><td>3.059</td></tr><tr><td>April</td><td>284,849</td><td>284,631</td><td>8,789</td><td>8,782</td><td>3.091</td><td>3.091</td><td>3.112</td><td>2.656</td><td>3.524</td><td>3.727</td><td>2.829</td><td>3.265</td><td>2.784</td><td>3.089</td></tr><tr><td>May</td><td>287,070</td><td>286,845</td><td>8,812</td><td>8,805</td><td>3.175</td><td>3.175</td><td>3.168</td><td>2.629</td><td>3.073</td><td>3.705</td><td>2.829</td><td>3.328</td><td>2.802</td><td>3.112</td></tr><tr><td>June</td><td>285,911</td><td>285,672</td><td>8,761</td><td>8,761</td><td>3.072</td><td>3.072</td><td>3.063</td><td>2.584</td><td>3.073</td><td>3.704</td><td>2.829</td><td>3.330</td><td>2.803</td><td>3.144</td></tr><tr><td>July</td><td>289,235</td><td>288,948</td><td>8,849</td><td>8,841</td><td>3.165</td><td>3.165</td><td>3.048</td><td>2.565</td><td>3.073</td><td>3.703</td><td>2.830</td><td>3.332</td><td>2.811</td><td>3.155</td></tr><tr><td>August</td><td>290,907</td><td>290,659</td><td>8,950</td><td>8,942</td><td>3.182</td><td>3.182</td><td>3.072</td><td>2.584</td><td>3.000</td><td>3.662</td><td>2.842</td><td>3.329</td><td>2.835</td><td>3.159</td></tr></table>
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 a year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate to the amount outstanding at that date (the amount actually borrowed in the case of securities sold at a premium or discount, beginning with May 1940). The aggregate charge for all interest-bearing issues constitutes the total computed annual interest charge. The average annual interest rate is computed by dividing the credited annual interest charge for the total, or for
any group of issues, by the corresponding principal amount. Beginning with date for December 31, 1958, the computation is based on the rate of effective yield for issues sold at premium or discount. Prior to that date it was based on the coupon rate for all issues.
1/ Includes only guaranteed securities held outside the Treasury.
2/ Total includes "Other bonds" through May 1961; see Table 3.
3/ Included in debt outstanding at face amount, but discount value is used in computing annual interest charge and annual interest rate.
4/ On United States savings bonds the rate to maturity is applied against the amount outstanding.
October 1961
23
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total interest-bearing public debt</th><th colspan="8">Public issues</th><th colspan="4">Nonmarketable</th><th rowspan="2">Special issues</th></tr><tr><th>Total public issues</th><th>Total</th><th>Bills</th><th>Certificates</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><th></th><th></th><th></th><th colspan="4">Marketable</th><th>Bank eligible</th><th>Bank restricted 1/</th><th>2/</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1954</td><td>268,910</td><td>226,681</td><td>150,354</td><td>19,515</td><td>18,405</td><td>31,960</td><td>71,706</td><td>8,672</td><td>96</td><td>76,326</td><td>58,061</td><td>5,079</td><td>12,775</td><td>411</td><td>42,229</td></tr><tr><td>1955</td><td>271,741</td><td>228,491</td><td>155,206</td><td>19,514</td><td>13,836</td><td>40,729</td><td>81,057</td><td>-</td><td>71</td><td>73,285</td><td>58,365</td><td>1,913</td><td>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>45,114</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>166,675</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>46,246</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>84,803</td><td>-</td><td>50</td><td>59,050</td><td>50,503</td><td>-</td><td>8,365</td><td>183</td><td>44,756</td></tr><tr><td>1960</td><td>283,241</td><td>238,342</td><td>183,845</td><td>33,415</td><td>17,650</td><td>51,483</td><td>81,247</td><td>-</td><td>50</td><td>54,497</td><td>47,544</td><td>-</td><td>6,783</td><td>170</td><td>44,899</td></tr><tr><td>1961</td><td>285,672</td><td>240,629</td><td>187,148</td><td>36,723</td><td>13,338</td><td>56,257</td><td>80,830</td><td>-</td><td>-</td><td>53,481</td><td>47,514</td><td>-</td><td>5,830</td><td>117</td><td>45,043</td></tr><tr><td>1960-Dec.</td><td>286,820</td><td>242,474</td><td>189,015</td><td>39,446</td><td>18,442</td><td>51,284</td><td>79,794</td><td>-</td><td>50</td><td>53,459</td><td>47,159</td><td>-</td><td>6,152</td><td>137</td><td>44,346</td></tr><tr><td>1961-Jan.</td><td>286,651</td><td>242,827</td><td>189,320</td><td>39,744</td><td>18,442</td><td>51,309</td><td>79,776</td><td>-</td><td>50</td><td>53,507</td><td>47,243</td><td>-</td><td>6,115</td><td>136</td><td>43,824</td></tr><tr><td>Feb.</td><td>287,190</td><td>243,462</td><td>189,919</td><td>39,942</td><td>11,503</td><td>58,661</td><td>79,763</td><td>-</td><td>50</td><td>53,544</td><td>47,327</td><td>-</td><td>6,076</td><td>127</td><td>43,727</td></tr><tr><td>Mar.</td><td>284,058</td><td>240,057</td><td>186,520</td><td>36,511</td><td>11,503</td><td>57,833</td><td>80,623</td><td>-</td><td>50</td><td>53,537</td><td>47,395</td><td>-</td><td>6,005</td><td>121</td><td>44,001</td></tr><tr><td>Apr.</td><td>284,631</td><td>241,619</td><td>188,147</td><td>38,213</td><td>11,503</td><td>57,518</td><td>80,864</td><td>-</td><td>50</td><td>53,471</td><td>47,420</td><td>-</td><td>5,914</td><td>121</td><td>43,012</td></tr><tr><td>May</td><td>286,845</td><td>242,342</td><td>188,893</td><td>38,411</td><td>13,338</td><td>56,246</td><td>80,849</td><td>-</td><td>50</td><td>53,449</td><td>47,461</td><td>-</td><td>5,850</td><td>119</td><td>44,503</td></tr><tr><td>June</td><td>285,672</td><td>240,629</td><td>187,148</td><td>36,723</td><td>13,338</td><td>56,257</td><td>80,830</td><td>-</td><td>-</td><td>53,481</td><td>47,514</td><td>-</td><td>5,830</td><td>117</td><td>45,043</td></tr><tr><td>July</td><td>288,998</td><td>244,800</td><td>191,275</td><td>40,828</td><td>13,338</td><td>56,295</td><td>80,814</td><td>-</td><td>-</td><td>53,525</td><td>47,574</td><td>-</td><td>5,792</td><td>138</td><td>44,198</td></tr><tr><td>Aug.</td><td>290,699</td><td>245,086</td><td>191,138</td><td>40,928</td><td>5,509</td><td>65,048</td><td>79,653</td><td>-</td><td>-</td><td>53,948</td><td>47,640</td><td>-</td><td>5,701</td><td>136</td><td>45,573</td></tr></table>
Source: Daily Treasury statement.
1/ Issues which commercial banks (banks accepting demand deposits) were not permitted to acquire prior to specified dates, except that: (1) concurrently with the 4th, 5th, and 6th War Loans and the Victory Loan, they were permitted to subscribe for limited investment of their savings deposits; (2) they might temporarily acquire such
2/ Consists of Panama Canal bonds through May 1961, and also postal savings bonds until the last of these bonds matured on July 1,1955. 3/ Beginning July 1960 total includes small amounts of Treasury bonds, R. E. A. Series. 4/ Includes $450 million certificates of indebtedness - foreign series.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt 1/
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Amount outstanding</th><th colspan="5">Maturity classes</th><th rowspan="2">Average length</th></tr><tr><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></tr><tr><td>1954</td><td>150,354</td><td>62,734</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>154,953</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>1960</td><td>183,845</td><td>70,467</td><td>72,844</td><td>20,246</td><td>12,630</td><td>7,658</td><td>4 yrs. 4 mos.</td></tr><tr><td>1961</td><td>187,148</td><td>81,120</td><td>58,400</td><td>26,435</td><td>10,233</td><td>10,960</td><td>4 yrs. 6 mos.</td></tr><tr><td>1960-December</td><td>189,015</td><td>75,315</td><td>70,812</td><td>18,684</td><td>13,224</td><td>10,979</td><td>4 yrs. 7 mos.</td></tr><tr><td>1961-January</td><td>189,320</td><td>75,613</td><td>70,836</td><td>18,684</td><td>13,211</td><td>10,976</td><td>4 yrs. 6 mos.</td></tr><tr><td>February</td><td>189,919</td><td>80,054</td><td>67,007</td><td>18,683</td><td>13,203</td><td>10,973</td><td>4 yrs. 6 mos.</td></tr><tr><td>March</td><td>186,520</td><td>76,622</td><td>61,007</td><td>27,658</td><td>10,262</td><td>10,970</td><td>4 yrs. 7 mos.</td></tr><tr><td>April</td><td>188,147</td><td>78,731</td><td>60,541</td><td>27,654</td><td>10,254</td><td>10,968</td><td>4 yrs. 6 mos.</td></tr><tr><td>May</td><td>188,893</td><td>78,896</td><td>62,349</td><td>26,438</td><td>10,245</td><td>10,965</td><td>4 yrs. 6 mos.</td></tr><tr><td>June</td><td>187,148</td><td>81,120</td><td>58,400</td><td>26,435</td><td>10,233</td><td>10,960</td><td>4 yrs. 6 mos.</td></tr><tr><td>July</td><td>191,275</td><td>85,224</td><td>58,437</td><td>26,433</td><td>10,225</td><td>10,956</td><td>4 yrs. 4 mos.</td></tr><tr><td>August</td><td>191,138</td><td>80,675</td><td>63,607</td><td>25,693</td><td>10,212</td><td>10,952</td><td>4 yrs. 5 mos.</td></tr></table>
Source: Office of Debt Analysis in the Office of the Secretary. 1/ All issues classified to final maturity except partially
tax-exempt bonds, which are classified to earliest call date.
24
Treasury Bulletin
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Federal Deposit Insurance Corporation</th><th>Federal Disability Insurance Trust Fund</th><th>Federal home loan banks</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Federal employees' retirement funds</th><th>Government Life Insurance Fund</th><th>High-way Trust Fund</th><th>National Service Life Insurance Fund</th><th>Postal Savings System 1/</th><th>Rail-road Retirement Account</th><th>Unemployment Trust Fund</th><th>Other 2/</th></tr><tr><td>1954</td><td>42,229</td><td>892</td><td>-</td><td>232</td><td>17,054</td><td>84</td><td>5,854</td><td>1,234</td><td>-</td><td>5,272</td><td>213</td><td>3,345</td><td>8,024</td><td>24</td></tr><tr><td>1955</td><td>43,250</td><td>835</td><td>-</td><td>200</td><td>18,239</td><td>94</td><td>6,168</td><td>1,233</td><td>-</td><td>5,346</td><td>91</td><td>3,486</td><td>7,479</td><td>79</td></tr><tr><td>1956</td><td>47,114</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>46,246</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>44,756</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>5,742</td><td>*</td><td>3,417</td><td>5,636</td><td>126</td></tr><tr><td>1960</td><td>44,899</td><td>694</td><td>2,017</td><td>59</td><td>16,413</td><td>104</td><td>9,397</td><td>1,107</td><td>1</td><td>5,803</td><td>-</td><td>3,586</td><td>5,580</td><td>138</td></tr><tr><td>1961</td><td>45,043</td><td>556</td><td>2,299</td><td>50</td><td>16,200</td><td>138</td><td>10,414</td><td>1,071</td><td>234</td><td>5,759</td><td>-</td><td>3,504</td><td>4,625</td><td>192</td></tr><tr><td>1960-December</td><td>44,346</td><td>618</td><td>2,093</td><td>50</td><td>15,782</td><td>107</td><td>9,774</td><td>1,078</td><td>56</td><td>5,760</td><td>-</td><td>3,335</td><td>5,547</td><td>147</td></tr><tr><td>1961-January</td><td>43,824</td><td>647</td><td>2,077</td><td>342</td><td>15,342</td><td>112</td><td>9,842</td><td>1,074</td><td>72</td><td>5,754</td><td>-</td><td>3,254</td><td>5,159</td><td>150</td></tr><tr><td>February</td><td>43,727</td><td>662</td><td>2,091</td><td>281</td><td>15,238</td><td>116</td><td>9,915</td><td>1,053</td><td>71</td><td>5,650</td><td>-</td><td>3,225</td><td>5,273</td><td>152</td></tr><tr><td>March</td><td>44,001</td><td>622</td><td>2,183</td><td>166</td><td>15,902</td><td>122</td><td>9,983</td><td>1,056</td><td>71</td><td>5,619</td><td>-</td><td>3,199</td><td>4,899</td><td>180</td></tr><tr><td>April</td><td>43,012</td><td>567</td><td>2,177</td><td>70</td><td>15,93</td><td>127</td><td>10,039</td><td>1,052</td><td>126</td><td>5,620</td><td>-</td><td>3,113</td><td>4,343</td><td>185</td></tr><tr><td>May</td><td>44,503</td><td>551</td><td>2,250</td><td>182</td><td>16,430</td><td>134</td><td>10,093</td><td>1,048</td><td>155</td><td>5,622</td><td>-</td><td>3,099</td><td>4,749</td><td>189</td></tr><tr><td>June</td><td>45,043</td><td>556</td><td>2,299</td><td>50</td><td>16,200</td><td>138</td><td>10,414</td><td>1,071</td><td>234</td><td>5,759</td><td>-</td><td>3,504</td><td>4,625</td><td>192</td></tr><tr><td>July</td><td>44,198</td><td>556</td><td>2,277</td><td>50</td><td>15,664</td><td>146</td><td>10,464</td><td>1,041</td><td>227</td><td>5,665</td><td>-</td><td>3,418</td><td>4,497</td><td>191</td></tr><tr><td>August</td><td>45,573</td><td>563</td><td>2,350</td><td>50</td><td>16,439</td><td>150</td><td>10,561</td><td>1,038</td><td>228</td><td>5,667</td><td>-</td><td>3,398</td><td>4,937</td><td>191</td></tr></table>
Source: Daily Treasury statement. Consists of: Canal Zone Postal Savings System beginning April 1958 through July 1959. 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 $600,000.
October 1961
25
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 colspan="4">Housing and Home Finance Agency</th><th>International Cooperation Administration</th><th>Reconstruction Finance Corporation</th><th>Saint Lawrence Seaway Development Corporation</th><th>Tenn. Valley Authority</th><th>Veterans' Administration: Direct loan program</th><th>Under Defense Production Act of 1950</th><th>Other</th></tr><tr><th></th><th></th><th>Commodity Credit Corporation</th><th>Rural Electrification Administration</th><th>Secretary: Farmers' Home Administration programs</th><th>Export Import Bank of Washington 2/</th><th>Administrator 3/</th><th>Federal National Mortgage Association 4/</th><th>Public Housing Administration 5/</th><th></th><th></th><th></th><th></th><th></th><th>7/</th></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>14</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>1,954</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>1,937</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>1960</td><td>25,636</td><td>12,704</td><td>3,155</td><td>369</td><td>1,636</td><td>977</td><td>2,338</td><td>29</td><td>1,138</td><td>-</td><td>118</td><td>-</td><td>1,180</td><td>1,970</td><td>21</td></tr><tr><td>1961</td><td>26,011</td><td>11,534</td><td>3,332</td><td>456</td><td>1,698</td><td>1,213</td><td>3,202</td><td>32</td><td>1,107</td><td>-</td><td>121</td><td>-</td><td>1,330</td><td>1,964</td><td>22</td></tr><tr><td>1960-Dec.</td><td>25,976</td><td>11,785</td><td>3,247</td><td>372</td><td>1,622</td><td>1,122</td><td>3,263</td><td>35</td><td>1,126</td><td>-</td><td>119</td><td>-</td><td>1,280</td><td>1,984</td><td>20</td></tr><tr><td>1961-Jan.</td><td>26,451</td><td>12,051</td><td>3,327</td><td>421</td><td>1,633</td><td>1,140</td><td>3,273</td><td>32</td><td>1,124</td><td>-</td><td>120</td><td>-</td><td>1,329</td><td>1,980</td><td>21</td></tr><tr><td>Feb.</td><td>26,542</td><td>12,056</td><td>3,327</td><td>480</td><td>1,667</td><td>1,150</td><td>3,251</td><td>32</td><td>1,124</td><td>-</td><td>120</td><td>-</td><td>1,329</td><td>1,985</td><td>21</td></tr><tr><td>Mar.</td><td>26,684</td><td>12,103</td><td>3,327</td><td>513</td><td>1,672</td><td>1,178</td><td>3,257</td><td>33</td><td>1,124</td><td>-</td><td>120</td><td>-</td><td>1,329</td><td>2,008</td><td>21</td></tr><tr><td>Apr.</td><td>26,986</td><td>12,308</td><td>3,387</td><td>541</td><td>1,691</td><td>1,196</td><td>3,232</td><td>35</td><td>1,123</td><td>-</td><td>120</td><td>-</td><td>1,330</td><td>2,001</td><td>21</td></tr><tr><td>May.</td><td>27,471</td><td>12,753</td><td>3,387</td><td>540</td><td>1,695</td><td>1,241</td><td>3,224</td><td>40</td><td>1,119</td><td>-</td><td>120</td><td>-</td><td>1,330</td><td>1,999</td><td>22</td></tr><tr><td>June.</td><td>26,011</td><td>11,534</td><td>3,332</td><td>456</td><td>1,698</td><td>1,213</td><td>3,202</td><td>32</td><td>1,107</td><td>-</td><td>121</td><td>-</td><td>1,330</td><td>1,964</td><td>22</td></tr><tr><td>July.</td><td>25,536</td><td>10,639</td><td>3,407</td><td>515</td><td>1,756</td><td>1,224</td><td>3,297</td><td>45</td><td>1,106</td><td>-</td><td>121</td><td>-</td><td>1,430</td><td>1,973</td><td>23</td></tr><tr><td>Aug.</td><td>26,152</td><td>11,015</td><td>3,407</td><td>547</td><td>1,817</td><td>1,258</td><td>3,305</td><td>52</td><td>1,106</td><td>-</td><td>121</td><td>-</td><td>1,530</td><td>1,973</td><td>23</td></tr></table>
Source: Dally Treasury statement.
Note: These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under Congressional authorization for specified government corporations and other agencies to borrow from the Treasury. Further detail may be found in the 1960 Annual Report of the Secretary of the Treasury, page 692, and the 1960 Combined Statement of Receipts, Expenditures and Balances of the United States Government, page 484.
1/ Farm housing and other loan programs, and Farm Tenant Mortgage Insurance Fund.
2/ Excludes securities issued under Defense Production Act.
3/ Consists of: Notes issued to borrow for the urban renewal program (formerly slum clearance program); college housing loans; the prefabricated housing loans program through November 1954; and public facility loans beginning January 1956. Notes issued to borrow for the Federal National Mortgage Association through July 1954 are shown under the Association.
4/ 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 under authority of that act (12 U.S.C. 1720, 1723 (d)) and beginning September 1954, also securities transferred from the Reconstruction Finance Corporation (see footnote 6).
5/ And predecessor agencies. Beginning September 1956, figures exclude notes previously issued by the Administrator in connection with informational media guarantees. The obligation of these notes was assumed by the Director of the United States Information Agency,
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and the notes together with others issued for the same purpose are included in "Other."
6/ Includes 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 included under "Other." See also footnote 4. During September 1954, under Reorganization Plan No. 2 of 1954, the remaining securities issued by the Corporation to the Treasury were transferred as follows: $4.2 million to Export-Import Bank of Washington, $92 million to Federal National Mortgage Association, and $14 million to Small Business Administration.
7/ Consists of: Notes of the Administrator, General Services Administration, (Administrator, Defense Materials Procurement Agency, through July 1953) for defense materials procurement; Reconstruction Finance Corporation, through September 1953 (after which its activities under this act were transferred to the Secretary of the Treasury), and the Secretary of the Treasury beginning October 1953; the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington; and the Secretary of Agriculture beginning June 1954.
8/ Consists of: Notes issued by Secretary of the Treasury beginning December 1953 (see footnote 6); Small Business Administration, September 1954, through April 1958; for informational media guarantees 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.
26
Treasury Bulletin
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not Guaranteed by the United States Government
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Banks for cooperatives</th><th>Federal home loan banks 1</th><th>Federal intermediate credit banks</th><th>Federal land banks 2/ 2/</th><th colspan="2">Federal National Mortgage Association</th><th>Tennessee Valley Authority</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Management and liquidating issues</th><th>All other issues</th><th></th></tr><tr><td>1954</td><td>1,967</td><td>140</td><td>115</td><td>725</td><td>1,007</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1955</td><td>2,876</td><td>111</td><td>341</td><td>793</td><td>1,001</td><td>570</td><td>-</td><td>-</td></tr><tr><td>1956</td><td>3,889</td><td>133</td><td>329</td><td>834</td><td>1,322</td><td>570</td><td>100</td><td>-</td></tr><tr><td>1957</td><td>5,013</td><td>179</td><td>738</td><td>76</td><td>1,552</td><td>570</td><td>1,050</td><td>-</td></tr><tr><td>1958</td><td>5,443</td><td>179</td><td>426</td><td>1,199</td><td>1,646</td><td>797</td><td>1,165</td><td>-</td></tr><tr><td>1959</td><td>6,708</td><td>182</td><td>492</td><td>1,456</td><td>1,888</td><td>797</td><td>1,290</td><td>-</td></tr><tr><td>1960</td><td>8,407</td><td>330</td><td>1,259</td><td>1,600</td><td>2,137</td><td>737</td><td>2,284</td><td>-</td></tr><tr><td>1961</td><td>7,765</td><td>382</td><td>1,455</td><td>1,723</td><td>2,357</td><td>-</td><td>2,198</td><td>50</td></tr><tr><td>1960-December</td><td>7,911</td><td>417</td><td>1,266</td><td>1,454</td><td>2,210</td><td>-</td><td>2,523</td><td>50</td></tr><tr><td>1961-January</td><td>7,767</td><td>47</td><td>1,114</td><td>1,438</td><td>2,210</td><td>-</td><td>2,546</td><td>50</td></tr><tr><td>February</td><td>7,662</td><td>42</td><td>842</td><td>1,478</td><td>2,210</td><td>-</td><td>2,518</td><td>50</td></tr><tr><td>March</td><td>7,444</td><td>41</td><td>829</td><td>1,519</td><td>2,210</td><td>-</td><td>2,426</td><td>50</td></tr><tr><td>April</td><td>7,447</td><td>42</td><td>817</td><td>1,490</td><td>2,281</td><td>-</td><td>2,276</td><td>50</td></tr><tr><td>May</td><td>7,534</td><td>432</td><td>855</td><td>1,661</td><td>2,281</td><td>-</td><td>2,184</td><td>50</td></tr><tr><td>June</td><td>7,765</td><td>382</td><td>1,014</td><td>1,723</td><td>2,357</td><td>-</td><td>2,198</td><td>50</td></tr><tr><td>July</td><td>7,837</td><td>38</td><td>1,074</td><td>1,767</td><td>2,357</td><td>-</td><td>2,179</td><td>100</td></tr><tr><td>August</td><td>7,925</td><td>38</td><td>1,194</td><td>1,795</td><td>2,377</td><td>-</td><td>2,197</td><td>100</td></tr></table>
Source: office of Debt Analysis and agency reports.
Note: 1/ The securities shown in the table are public offerings. The proprietary interest of the United States in these banks ended in July 1951.
The proprietary interest of the United States in these banks ended June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings.
October 1961
27
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), 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); $10 billion beginning on July 1, 1959, and ending on June 30, 1960 (act approved June 30, 1959); $5 billion beginning on July 1, 1960, and ending on June 30, 1961 (act approved June 30, 1960); and $13 billion beginning on July 1, 1961, and ending on June 30, 1962 (act approved June 30, 1961). 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, August 31, 1961
(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. 757b), as increased temporarily by the act of June 30, 1961.</td><td>298,000</td></tr><tr><td>Amount of securities outstanding subject to such statutory debt limitation:</td><td></td></tr><tr><td>U. S. Government securities issued under the Second Liberty Bond Act, as amended.</td><td>293,272</td></tr><tr><td>Guaranteed securities held outside the Treasury.</td><td>249</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>293,521</td></tr><tr><td>Balance issuable under limitation.</td><td>4,479</td></tr></table>
Source: Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding August 31, 1961
(In millions of dollars)
<table><tr><th>Class of security</th><th>Subject to statutory debt limitation</th><th>Not subject to statutory debt limitation</th><th>Total outstanding</th></tr><tr><td>Public debt:</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td></tr><tr><td>Marketable:</td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>40,928</td><td>-</td><td>40,928</td></tr><tr><td>Certificates of indebtedness</td><td>5,509</td><td>-</td><td>5,509</td></tr><tr><td>Treasury notes</td><td>65,048</td><td>-</td><td>65,048</td></tr><tr><td>Treasury bonds</td><td>79,653</td><td>-</td><td>79,653</td></tr><tr><td>Total marketable</td><td>191,138</td><td>-</td><td>191,138</td></tr><tr><td>Nonmarketable:</td><td></td><td></td><td></td></tr><tr><td>Certificates of indebtedness, foreign series</td><td>450</td><td>-</td><td>450</td></tr><tr><td>U. S. savings bonds (current redemption value)</td><td>47,640</td><td>-</td><td>47,640</td></tr><tr><td>Depositary bonds</td><td>136</td><td>-</td><td>136</td></tr><tr><td>Treasury bonds, investment series</td><td>5,701</td><td>-</td><td>5,701</td></tr><tr><td>Treasury bonds, R. E. A. series</td><td>20</td><td>-</td><td>20</td></tr><tr><td>Total nonmarketable</td><td>53,948</td><td>-</td><td>53,948</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>45,573</td><td>-</td><td>45,573</td></tr><tr><td>Total interest-bearing securities</td><td>290,659</td><td>-</td><td>290,659</td></tr><tr><td>Matured securities on which interest has ceased</td><td>433</td><td>3</td><td>436</td></tr><tr><td>Debt bearing no interest:</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:</td><td></td><td></td><td></td></tr><tr><td>International Monetary Fund series</td><td>2,071</td><td>-</td><td>2,071</td></tr><tr><td>International Development Association series</td><td>58</td><td>-</td><td>58</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>146</td><td>146</td></tr><tr><td>Other debt bearing no interest</td><td>-</td><td>103</td><td>103</td></tr><tr><td>Total debt bearing no interest</td><td>2,180</td><td>439</td><td>2,620</td></tr><tr><td>Total public debt</td><td>293,272</td><td>442</td><td>293,714</td></tr><tr><td>Guaranteed securities: 1/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>248</td><td>-</td><td>248</td></tr><tr><td>Matured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>249</td><td>-</td><td>249</td></tr><tr><td>Total public debt and guaranteed securities</td><td>293,521</td><td>442</td><td>293,964</td></tr></table>
Source: Daily Treasury statement
1/ Held outside the Treasury.
2を
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding August 31, 1961
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 rowspan="2">Description of security</th><th colspan="3">Amount of maturities</th></tr><tr><th>Total</th><th>U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th><th>Total</th><th>U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th></tr><tr><td>1961</td><td></td><td></td><td></td><td></td><td>1963</td><td></td><td></td><td></td><td></td></tr><tr><td>Sept....</td><td>2-3/4% Bond 2.473% Bill (tax ant.)</td><td>351 1,503</td><td>16</td><td>351 1,486</td><td>Feb...</td><td>2-5/8% Note</td><td>2,839</td><td>167</td><td>2,672</td></tr><tr><td></td><td>- 9/15/61 - 9/22/61</td><td></td><td></td><td></td><td>Apr...</td><td>1-1/2% Note</td><td>533</td><td>-</td><td>533</td></tr><tr><td>Oct....</td><td>1-1/2% Note 3.131% Bill</td><td>52 1,502</td><td>99</td><td>52 1,403</td><td>May...</td><td>4% Note 3-1/4% Note</td><td>1,743 2,753</td><td>69 862</td><td>1,674 1,891</td></tr><tr><td></td><td>- 10/1/61-BO - 10/16/61</td><td></td><td></td><td></td><td>Aug...</td><td>2-1/2% Bond</td><td>4,317</td><td>30</td><td>4,287</td></tr><tr><td>Nov....</td><td>2-1/2% Bond</td><td>6,463</td><td>92</td><td>6,872</td><td>Oct...</td><td>1-1/2% Note</td><td>506</td><td>-</td><td>506</td></tr><tr><td></td><td>- 11/15/61</td><td></td><td></td><td></td><td>Nov...</td><td>4-7/8% Note</td><td>3,011</td><td>154</td><td>2,857</td></tr><tr><td>Total</td><td></td><td>10,372</td><td>208</td><td>10,164</td><td>Total</td><td></td><td>15,702</td><td>1,283</td><td>14,420</td></tr><tr><td>1962</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan....</td><td>2.67% Bill</td><td>1,502</td><td>217</td><td>1,284</td><td>1964</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>- 1/15/62</td><td></td><td></td><td></td><td>Feb...</td><td>3% Bond</td><td>3,854</td><td>138</td><td>3,716</td></tr><tr><td>Feb....</td><td>3-5/8% Note 4% Note 3-1/4% Note</td><td>647 1,435 9,098</td><td>88 16 4,954</td><td>559 1,419 4,114</td><td>Apr...</td><td>1-1/2% Note</td><td>457</td><td>-</td><td>457</td></tr><tr><td></td><td>- 2/15/62-A - 2/15/62-D - 2/15/62-F</td><td></td><td></td><td></td><td>May...</td><td>4-3/4% Note 3-3/4% Note</td><td>4,933 3,893</td><td>2,821 263</td><td>2,112 3,630</td></tr><tr><td>Mar....</td><td>2.48% Bill (tax ant.)</td><td>3,503</td><td>93</td><td>3,410</td><td>Aug...</td><td>5% Note 3-3/4% Note</td><td>2,316 5,019</td><td>187 1,637</td><td>2,129 3,381</td></tr><tr><td></td><td>- 3/23/62</td><td></td><td></td><td></td><td>Oct...</td><td>1-1/2% Note</td><td>490</td><td>-</td><td>490</td></tr><tr><td>Apr....</td><td>1-1/2% Note 2.82% Bill</td><td>551 2,000</td><td>25 310</td><td>526 1,690</td><td>Nov...</td><td>4-7/8% Note</td><td>4,195</td><td>2,286</td><td>1,909</td></tr><tr><td></td><td>- 4/1/62-EA - 4/15/62</td><td></td><td></td><td></td><td>Total</td><td></td><td>25,157</td><td>7,334</td><td>17,823</td></tr><tr><td>May....</td><td>3% Certificate- 4% Note</td><td>5,509 2,211</td><td>1,827 152</td><td>3,682 2,058</td><td>1965</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>- 5/15/62-A - 5/15/62-E</td><td></td><td></td><td></td><td>Feb...</td><td>2-5/8% Bond</td><td>6,896</td><td>809</td><td>6,087</td></tr><tr><td>June...</td><td>2-1/4% Bond 2-3/4% Bond 2/</td><td>3,960 1,485</td><td>466</td><td>3,494 1,485</td><td>Apr...</td><td>1-1/2% Note</td><td>466</td><td>-</td><td>466</td></tr><tr><td></td><td>- 6/15/59-62 - 12/15/60-65</td><td></td><td></td><td></td><td>May...</td><td>4-5/8% Note</td><td>2,113</td><td>352</td><td>1,761</td></tr><tr><td>July...</td><td>2.908% Bill</td><td>2,004</td><td>175</td><td>1,829</td><td>Oct...</td><td>1-1/2% Note</td><td>315</td><td>-</td><td>315</td></tr><tr><td></td><td>- 7/15/62</td><td></td><td></td><td></td><td>Total</td><td></td><td>9,790</td><td>1,161</td><td>8,629</td></tr><tr><td>Aug....</td><td>4% Note 3-1/4% Note</td><td>158 7,325</td><td>- 3,706</td><td>158 3,619</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>- 8/15/62-B - 8/15/62-G</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sep....</td><td>1-1/2% Note</td><td>590</td><td></td><td>590</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>- 10/1/62-BO</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Nov....</td><td>3-3/4% Note 3-1/4% Note</td><td>1,143 6,082</td><td>41 3,387</td><td>1,102 2,695</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>- 11/15/62-C - 11/15/62-H</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/4% Bond</td><td>2,271</td><td>383</td><td>1,889</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>- 12/15/59-62</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td>51,475</td><td>15,839</td><td>35,636</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
October 1961
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding August 31, 1961 Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
<table><tr><th>Year and month of final maturity 1/</th><th>Description of security</th><th colspan="3">Amount of maturities</th><th>Year and month of final maturity 1/</th><th>Description of security</th><th colspan="3">Amount of maturities</th></tr><tr><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>Total</th><th>U. S. Govt. Investment accounts and Fed. Res. Banks</th><th>All other investors</th></tr><tr><td>1966</td><td>April..... 1-1/2% Note - 4/1/66-EA</td><td>175</td><td>-</td><td>175</td><td>1972</td><td>June..... 2-1/2% Bond - 6/15/67-72</td><td>1,768</td><td>182</td><td>1,586</td></tr><tr><td>May..... 3-3/4% Bond - 5/15/66</td><td></td><td>1,213</td><td>110</td><td>1,103</td><td>Sept..... 2-1/2% Bond - 9/15/67-72</td><td></td><td>2,716</td><td>334</td><td>2,382</td></tr><tr><td>Aug..... 3% Bond - 8/15/66</td><td></td><td>1,484</td><td>134</td><td>1,351</td><td>Dec..... 2-1/2% Bond - 12/15/67-72</td><td></td><td>3,547</td><td>279</td><td>3,268</td></tr><tr><td>Nov..... 3-3/8% Bond - 11/15/66</td><td></td><td>2,438</td><td>114</td><td>2,324</td><td>Total............</td><td></td><td>8,031</td><td>795</td><td>7,236</td></tr><tr><td>Total............</td><td></td><td>5,310</td><td>357</td><td>4,952</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1967</td><td>June..... 2-1/2% Bond - 6/15/62-67</td><td>1,464</td><td>162</td><td>1,302</td><td>1974</td><td>Nov..... 3-7/8% Bond - 11/15/74</td><td>654</td><td>136</td><td>518</td></tr><tr><td>Nov..... 1-5/8% Bond - 11/15/67</td><td></td><td>3,604</td><td>697</td><td>2,906</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total............</td><td></td><td>5,067</td><td>859</td><td>4,208</td><td>1980</td><td>Feb..... 4% Bond - 2/15/80</td><td>884</td><td>104</td><td>780</td></tr><tr><td>1968</td><td>May..... 3-7/8% Bond - 5/15/68</td><td>2,137</td><td>366</td><td>1,771</td><td>Nov..... 3-1/2% Bond - 11/15/80</td><td></td><td>643</td><td>178</td><td>465</td></tr><tr><td>Dec..... 2-1/2% Bond - 12/15/63-68</td><td></td><td>1,819</td><td>222</td><td>1,596</td><td>Total............</td><td></td><td>1,527</td><td>282</td><td>1,245</td></tr><tr><td>Total............</td><td></td><td>3,955</td><td>588</td><td>3,367</td><td>1983</td><td>June..... 3-1/4% Bond - 6/15/78-83</td><td>1,597</td><td>173</td><td>1,424</td></tr><tr><td>1969</td><td>June..... 2-1/2% Bond - 6/15/64-69</td><td>2,638</td><td>441</td><td>2,197</td><td>1985</td><td>May..... 3-1/4% Bond - 5/15/85</td><td>1,133</td><td>156</td><td>976</td></tr><tr><td>Oct..... 4% Bond - 10/1/69</td><td></td><td>1,424</td><td>203</td><td>1,220</td><td>4-1/4% Bond - 5/15/75-85</td><td></td><td>470</td><td>114</td><td>356</td></tr><tr><td>Dec..... 2-1/2% Bond - 12/15/64-69</td><td></td><td>2,556</td><td>507</td><td>2,049</td><td>Total............</td><td></td><td>1,602</td><td>270</td><td>1,332</td></tr><tr><td>Total............</td><td></td><td>6,618</td><td>1,151</td><td>5,467</td><td>1990</td><td>Feb..... 3-1/2% Bond - 2/15/90</td><td>2,718</td><td>612</td><td>2,105</td></tr><tr><td>1970</td><td>Mar..... 2-1/2% Bond - 3/15/65-70</td><td>4,688</td><td>1,338</td><td>3,350</td><td>1995</td><td>Feb..... 3% Bond - 2/15/95</td><td>2,692</td><td>177</td><td>2,515</td></tr><tr><td>1971</td><td>Mar..... 2-1/2% Bond - 3/15/66-71</td><td>2,927</td><td>747</td><td>2,181</td><td>1998</td><td>Nov..... 3-1/2% Bond - 11/15/98</td><td>2,343</td><td>377</td><td>1,966</td></tr></table>
Source: Daily Treasury statement and Office of Debt Analysis in the Office of the Secretary. 1/ Except partially tax-exempt bonds, which are shown at earliest call
date. For date of issue of each security, see "Market Quotations." 2/ Income is partially exempt from income tax. * Less than $500,000.
30
Treasury Bulletin
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</th><th>Amount of bids tendered</th><th>Total amount</th><th>On competitive basis</th><th>On noncompetitive basis</th><th>In exchange</th><th>Amount maturing on issue date of new offering</th><th>Total of unmatured issues outstanding after new issues</th></tr><tr><td colspan="10">Regular weekly bills:</td></tr><tr><td>1961-June 1</td><td>1961-Aug. 31</td><td>91</td><td>2,288.1</td><td>1,000.9</td><td>838.1</td><td>1'2.8</td><td>78.7</td><td>1,001.0</td><td>14,191.8</td></tr><tr><td></td><td>Nov. 30</td><td>182</td><td>949.9</td><td>500.3</td><td>461.3</td><td>39.0</td><td>41.7</td><td>500.3</td><td>12,707.3</td></tr><tr><td>June 8</td><td>Sept. 7</td><td>91</td><td>2,137.6</td><td>1,100.6</td><td>900.4</td><td>200.2</td><td>118.4</td><td>1,092.4</td><td>14,200.0</td></tr><tr><td></td><td>Dec. 7</td><td>182</td><td>998.3</td><td>500.4</td><td>456.3</td><td>44.0</td><td>52.1</td><td>500.2</td><td>12,707.4</td></tr><tr><td>June 14 2</td><td>Aug. 3</td><td>50</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Aug. 10</td><td>57</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Aug. 17</td><td>64</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Aug. 24</td><td>71</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Aug. 31</td><td>78</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Sept. 7</td><td>85</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Sept. 14</td><td>92</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Sept. 21</td><td>99</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Sept. 28</td><td>106</td><td>4,672.6</td><td>1,801.9</td><td>1,613.2</td><td>188.7</td><td>-</td><td>-</td><td>1,801.9</td></tr><tr><td>June 15</td><td>Oct. 5</td><td>113</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Oct. 13</td><td>121</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Oct. 19</td><td>127</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Oct. 26</td><td>134</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Nov. 2</td><td>141</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Nov. 9</td><td>148</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Nov. 16</td><td>155</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Nov. 24</td><td>163</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Nov. 30</td><td>169</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 15</td><td>Sept. 14</td><td>91</td><td>1,956.6</td><td>1,100.6</td><td>894.5</td><td>206.1</td><td>50.6</td><td>1,100.0</td><td>14,200.7</td></tr><tr><td></td><td>Dec. 14</td><td>182</td><td>1,143.8</td><td>500.4</td><td>449.7</td><td>50.7</td><td>2.4</td><td>501.3</td><td>14,509.3 4</td></tr><tr><td>June 23</td><td>Sept. 21</td><td>90</td><td>2,055.7</td><td>1,101.1</td><td>868.0</td><td>233.1</td><td>99.4</td><td>1,094.9</td><td>14,206.8</td></tr><tr><td></td><td>Dec. 21</td><td>181</td><td>1,027.1</td><td>500.8</td><td>439.1</td><td>61.7</td><td>52.5</td><td>500.2</td><td>14,509.0 4</td></tr><tr><td>June 29</td><td>Sept. 28</td><td>91</td><td>1,807.3</td><td>1,100.0</td><td>922.4</td><td>177.6</td><td>75.4</td><td>1,099.9</td><td>14,206.9</td></tr><tr><td></td><td>Dec. 28</td><td>182</td><td>972.7</td><td>500.2</td><td>459.8</td><td>40.4</td><td>32.2</td><td>500.6</td><td>14,508.6 4</td></tr><tr><td>July 6</td><td>Oct. 5</td><td>91</td><td>1,762.6</td><td>1,100.5</td><td>950.7</td><td>149.8</td><td>45.8</td><td>1,100.1</td><td>14,207.4</td></tr><tr><td></td><td>1962-Jan. 4</td><td>182</td><td>922.6</td><td>499.9</td><td>469.6</td><td>30.4</td><td>27.2</td><td>500.2</td><td>14,508.3 4</td></tr><tr><td>July 13</td><td>1961-Oct. 13</td><td>92</td><td>2,087.0</td><td>1,100.9</td><td>869.0</td><td>231.9</td><td>11.9</td><td>1,100.8</td><td>14,207.4</td></tr><tr><td></td><td>1962-Jan. 11</td><td>182</td><td>1,047.4</td><td>500.2</td><td>456.9</td><td>43.2</td><td>2.5</td><td>500.1</td><td>14,508.4 4</td></tr><tr><td>July 20</td><td>1961-Oct. 19</td><td>91</td><td>1,915.6</td><td>1,100.0</td><td>860.2</td><td>239.8</td><td>75.6</td><td>1,100.3</td><td>14,207.1</td></tr><tr><td></td><td>1962-Jan. 18</td><td>182</td><td>960.3</td><td>499.9</td><td>454.5</td><td>45.4</td><td>33.0</td><td>400.2</td><td>14,608.1 4</td></tr><tr><td>July 27</td><td>1961-Oct. 26</td><td>91</td><td>1,714.7</td><td>1,099.9</td><td>898.1</td><td>201.8</td><td>61.3</td><td>1,100.8</td><td>14,206.2</td></tr><tr><td></td><td>1962-Jan. 25</td><td>182</td><td>907.7</td><td>500.1</td><td>464.2</td><td>35.9</td><td>41.1</td><td>500.1</td><td>14,608.1 4</td></tr><tr><td>Aug. 3</td><td>1961-Nov. 2</td><td>91</td><td>1,913.2</td><td>1,101.3</td><td>890.0</td><td>211.2</td><td>117.7</td><td>1,100.7</td><td>14,206.8</td></tr><tr><td></td><td>1962-Feb. 1</td><td>182</td><td>1,136.2</td><td>600.3</td><td>561.4</td><td>38.9</td><td>61.3</td><td>600.5 4</td><td>14,607.9 4</td></tr><tr><td>Aug. 10</td><td>1961-Nov. 9</td><td>91</td><td>2,003.2</td><td>1,100.2</td><td>877.7</td><td>222.5</td><td>53.1</td><td>1,100.6</td><td>14,206.5</td></tr><tr><td></td><td>1962-Feb. 8</td><td>182</td><td>1,093.5</td><td>600.2</td><td>560.6</td><td>39.5</td><td>31.6</td><td>600.3 4</td><td>14,607.8 4</td></tr><tr><td>Aug. 17</td><td>1961-Nov. 16</td><td>91</td><td>2,121.6</td><td>1,100.8</td><td>854.5</td><td>246.4</td><td>109.5</td><td>1,100.0</td><td>14,207.3</td></tr><tr><td></td><td>1962-Feb. 15</td><td>182</td><td>1,009.3</td><td>600.0</td><td>554.3</td><td>45.7</td><td>52.2</td><td>600.5 4</td><td>14,607.3 4</td></tr><tr><td>Aug. 24p</td><td>1961-Nov. 24</td><td>92</td><td>1,939.6</td><td>1,100.8</td><td>871.5</td><td>229.3</td><td>98.2</td><td>1,100.4</td><td>14,207.7</td></tr><tr><td></td><td>1962-Feb. 23</td><td>183</td><td>1,294.5</td><td>600.1</td><td>557.3</td><td>42.8</td><td>53.1</td><td>600.2 4</td><td>14,607.1 4</td></tr><tr><td>Aug. 31p</td><td>1961-Nov. 30</td><td>91</td><td>1,820.7</td><td>1,100.3</td><td>900.9</td><td>199.4</td><td>11.9</td><td>1,000.9</td><td>14,307.1</td></tr><tr><td></td><td>1962-Mar. 1</td><td>182</td><td>933.8</td><td>600.4</td><td>556.3</td><td>44.1</td><td>26.7</td><td>600.2 4</td><td>14,607.3 4</td></tr><tr><td>Sept. 7p</td><td>1961-Dec. 7</td><td>91</td><td>2,221.8</td><td>1,109.1</td><td>919.5</td><td>189.6</td><td>11.7</td><td>1,100.6</td><td>14,315.5</td></tr><tr><td></td><td>1962-Mar. 8</td><td>182</td><td>1,102.4</td><td>595.2</td><td>557.0</td><td>38.2</td><td>29.1</td><td>600.4 4</td><td>14,602.1 4</td></tr><tr><td>Sept. 14p</td><td>1961-Dec. 14</td><td>91</td><td>2,136.2</td><td>1,101.0</td><td>852.4</td><td>248.6</td><td>13.7</td><td>1,100.6</td><td>14,315.9</td></tr><tr><td></td><td>1962-Mar. 15</td><td>182</td><td>1,075.5</td><td>600.6</td><td>550.7</td><td>49.9</td><td>2.0</td><td>600.1 4</td><td>14,602.6 4</td></tr><tr><td>Sept. 21p</td><td>1961-Dec. 21</td><td>91</td><td>2,098.7</td><td>1,099.8</td><td>841.2</td><td>258.6</td><td>110.5</td><td>1,101.1</td><td>14,314.6</td></tr><tr><td></td><td>1962-Mar. 22</td><td>182</td><td>1,143.6</td><td>600.2</td><td>547.7</td><td>52.5</td><td>62.5</td><td>600.2 4</td><td>14,602.6 4</td></tr><tr><td>Sept. 28p</td><td>1961-Dec. 28</td><td>91</td><td>1,175.1</td><td>1,100.2</td><td>901.2</td><td>199.0</td><td>83.4</td><td>1,100.0</td><td>14,314.8</td></tr><tr><td></td><td>1962-Mar. 29</td><td>182</td><td>1,271.7</td><td>600.1</td><td>557.5</td><td>42.6</td><td>51.6</td><td>600.2 4</td><td>14,601.5 4</td></tr><tr><td colspan="10">Tax anticipation bills:</td></tr><tr><td>1960-Oct. 21</td><td>1961-June 22</td><td>244</td><td>5,442.7</td><td>1,503.8</td><td>2,889.0</td><td>614.7</td><td>-</td><td>-</td><td>7,015.5</td></tr><tr><td>1961-April 3</td><td>Sept. 22</td><td>172</td><td>3,896.4</td><td>1,502.9</td><td>2,282.2</td><td>220.7</td><td>-</td><td>3,511.7 2/</td><td>3,503.8</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>5,006.7</td><td></td></tr><tr><td>July 26</td><td>1962-Mar. 23</td><td>240</td><td>5,148.9</td><td>1,502.9</td><td>2,089.3</td><td>513.6</td><td>-</td><td>3,503.8 6/</td><td>1,502.9</td></tr><tr><td>Sept. 27p</td><td>June 22</td><td>268</td><td>5,131.5</td><td>2,510.9</td><td>1,999.1</td><td>511.8</td><td>-</td><td>1,502.9 2/</td><td>3,502.9</td></tr><tr><td>Other bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-</td><td>6,013.7</td></tr><tr><td>1961-July 15</td><td>1961-July 15</td><td>365</td><td>3,035.6</td><td>1,500.5</td><td>1,321.0</td><td>179.5</td><td>120.5</td><td>2,000.9</td><td>7,011.6</td></tr><tr><td>Oct. 17</td><td>Oct. 16</td><td>364</td><td>3,301.9</td><td>1,502.2</td><td>1,311.7</td><td>190.5</td><td>15.7</td><td>2,006.6</td><td>6,507.2</td></tr><tr><td>1962-Jan. 15</td><td>1962-Jan. 15</td><td>365</td><td>3,078.0</td><td>1,501.7</td><td>1,353.4</td><td>148.3</td><td>92.1</td><td>1,503.7</td><td>6,505.1</td></tr><tr><td>Apr. 15</td><td>Apr. 15</td><td>365</td><td>4,116.5</td><td>2,000.5</td><td>1,821.6</td><td>178.9</td><td>186.0</td><td>2,000.8</td><td>6,504.8</td></tr><tr><td>July 15</td><td>July 15</td><td>365</td><td>4,174.1</td><td>2,003.5</td><td>1,792.5</td><td>211.0</td><td>9.6</td><td>1,500.5</td><td>7,007.8</td></tr><tr><td>Oct. 16p</td><td>Oct. 15</td><td>364</td><td>3,756.2</td><td>2,000.9</td><td>1,861.9</td><td>138.9</td><td>10.6</td><td>1,502.2</td><td>7,506.5</td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from subscrip- 1/ The 11-week bills represent additional issues of bills with an original tion and allotment reports; final figures are on "clearance" basis maturity of 26 weeks. in daily Treasury statement.
(Continued on following page)
October 1961
31
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 3/ (Percent)</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th>Price per hundred</th><th>Equivalent rate 3/ (Percent)</th><th>Price per hundred</th><th>Equivalent rate 3/ (Percent)</th></tr><tr><td colspan="7">Regular weekly bills:</td></tr><tr><td>1961-June 1</td><td>99.384 98.689</td><td>2.437 2.593</td><td>99.386 9/ 98.703 10/</td><td>2.429 2.565</td><td>99.383 98.685</td><td>2.441 2.601</td></tr><tr><td>June 8</td><td>99.364 98.621</td><td>2.516 2.727</td><td>99.369 11/ 98.636 12/</td><td>2.496 2.698</td><td>99.361 98.616</td><td>2.528 2.738</td></tr><tr><td>June 14 2/</td><td>99.297</td><td>2.308</td><td>99.305</td><td>2.283</td><td>99.292</td><td>2.326</td></tr><tr><td>June 15</td><td>99.420 98.740</td><td>2.295 2.492</td><td>99.428 98.756</td><td>2.263 2.461</td><td>99.415 98.736</td><td>2.314 2.500</td></tr><tr><td>June 23</td><td>99.419 98.733</td><td>2.325 2.519</td><td>99.425 98.744</td><td>2.300 2.498</td><td>99.415 98.730</td><td>2.340 2.526</td></tr><tr><td>June 29</td><td>99.439 98.787</td><td>2.219 2.399</td><td>99.447 98.796</td><td>2.188 2.382</td><td>99.427 98.774</td><td>2.267 2.425</td></tr><tr><td>July 6</td><td>99.417 98.743</td><td>2.305 2.486</td><td>99.429 13/ 98.764</td><td>2.259 2.445</td><td>99.407 98.733</td><td>2.346 2.506</td></tr><tr><td>July 13</td><td>99.407 98.730</td><td>2.322 2.512</td><td>99.413 14/ 98.736</td><td>2.297 2.500</td><td>99.403 98.726</td><td>2.336 2.520</td></tr><tr><td>July 20</td><td>99.444 98.794</td><td>2.200 2.385</td><td>99.451 98.801</td><td>2.172 2.372</td><td>99.437 98.784</td><td>2.227 2.405</td></tr><tr><td>July 27</td><td>99.433 98.763</td><td>2.244 2.446</td><td>99.450 98.784 15/</td><td>2.176 2.405</td><td>99.425 98.753</td><td>2.275 2.467</td></tr><tr><td>Aug. 3</td><td>99.419 98.707</td><td>2.299 2.557</td><td>99.426 98.717 16/</td><td>2.271 2.538</td><td>99.415 98.702</td><td>2.314 2.567</td></tr><tr><td>Aug. 10</td><td>99.402 98.677</td><td>2.366 2.617</td><td>99.411 98.686 17/</td><td>2.330 2.599</td><td>99.398 98.673</td><td>2.382 2.625</td></tr><tr><td>Aug. 17</td><td>99.366 98.602</td><td>2.519 2.765</td><td>99.369 18/ 98.616 19/</td><td>2.496 2.738</td><td>99.360 98.594</td><td>2.532 2.781</td></tr><tr><td>Aug. 24p.</td><td>99.360 98.580</td><td>2.504 2.793</td><td>99.368 20/ 98.596</td><td>2.473 2.762</td><td>99.356 98.578</td><td>2.520 2.797</td></tr><tr><td>Aug. 31p.</td><td>99.413 98.677</td><td>2.321 2.617</td><td>99.425 98.691</td><td>2.275 2.589</td><td>99.407 98.663</td><td>2.346 2.645</td></tr><tr><td>Sept. 7p.</td><td>99.395 98.639</td><td>2.392 2.692</td><td>99.402 21/ 98.650</td><td>2.366 2.670</td><td>99.393 98.633</td><td>2.401 2.704</td></tr><tr><td>Sept. 14p.</td><td>99.412 98.643</td><td>2.328 2.685</td><td>99.418 22/ 98.654</td><td>2.302 2.662</td><td>99.408 98.636</td><td>2.342 2.698</td></tr><tr><td>Sept. 21p.</td><td>99.428 98.644</td><td>2.262 2.681</td><td>99.432 98.652 23/</td><td>2.247 2.666</td><td>99.425 98.636</td><td>2.275 2.698</td></tr><tr><td>Sept. 28p.</td><td>99.435 98.637</td><td>2.234 2.697</td><td>99.444 98.644</td><td>2.200 2.682</td><td>99.429 98.631</td><td>2.259 2.708</td></tr><tr><td colspan="7">Tax anticipation bills:</td></tr><tr><td>1960-Oct. 21</td><td>98.110</td><td>2.788</td><td>98.205 24/</td><td>2.648</td><td>98.082</td><td>2.830</td></tr><tr><td>1961-Apr. 3</td><td>98.818</td><td>2.473</td><td>98.863 25/</td><td>2.380</td><td>98.810</td><td>2.491</td></tr><tr><td>July 26</td><td>98.344</td><td>2.484</td><td>98.400 26/</td><td>2.400</td><td>98.320</td><td>2.520</td></tr><tr><td>Sept. 27p.</td><td>97.986</td><td>2.705</td><td>98.042 27/</td><td>2.630</td><td>97.975</td><td>2.720</td></tr><tr><td colspan="7">Other bills:</td></tr><tr><td>1960-July 15</td><td>96.690</td><td>3.265</td><td>96.740 28/</td><td>3.215</td><td>96.665</td><td>3.289</td></tr><tr><td>Oct. 17</td><td>96.834</td><td>3.131</td><td>96.891</td><td>3.075</td><td>96.815</td><td>3.150</td></tr><tr><td>1961-Jan. 15</td><td>97.283</td><td>2.679</td><td>97.318</td><td>2.645</td><td>97.262</td><td>2.700</td></tr><tr><td>Apr. 15</td><td>97.134</td><td>2.827</td><td>97.171 29/</td><td>2.790</td><td>97.117</td><td>2.844</td></tr><tr><td>July 15</td><td>97.051</td><td>2.908</td><td>97.101</td><td>2.859</td><td>97.039</td><td>2.920</td></tr><tr><td>Oct. 16p.</td><td>96.992</td><td>2.975</td><td>97.037 30/</td><td>2.930</td><td>96.979</td><td>2.988</td></tr></table>
2/ For 13-week issues, tenders for $200,000 or less, and for 26-week issues, beginning June 11, 1959. tenders for $100,000 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.
2/ An additional $100,104,000 each of eighteen series of weekly bills issued in a "strip" for cash.
4/ Includes "strip" bills issued June 14, 1961.
5/ March 22, 1961, maturity.
6/ June 22, 1961, maturity.
7/ September 22, 1961, maturity.
8/ Bank discount basis.
9/ Except $300,000 at 99.405.
10/ Except $300,000 at 98.756, and $394,000 at 98.707.
11/ Except $100,000 at 99.384, and $200,000 at 99.380, and $150,000 at 99.373.
12/ Except $200,000 at 98.687.
13/ Except $7,000 at 99.433.
14/ Except $100,000 at 99.417.
15/ Except $100,000 at 98.796.
16/ Except $100,000 at 98.736.
17/ Except $100,000 at 98.690.
18/ Except $200,000 at 99.425, $200,000 at 99.417, and $1,000 at 99.378.
19/ Except $100,000 at 98.660.
20/ Except $300,000 at 99.373.
21/ Except $300,000 at 99.417.
22/ Except $75,000 at 99.430.
23/ Except $100,000 at 98.654.
24/ Except $100,000 at 98.305, and $200,000 at 98.265.
25/ Except $200,000 at 98.901, $200,000 at 98.882, and $1,500,000 at 98.872.
26/ Except $200,000 at 98.413.
27/ Except $200,000 at 98.400, $200,000 at 98.385, $200,000 at 98.365, $100,000 at 98.155, $200,000 at 98.101, $400,000 at 98.079, $100,000 at 98.064, $100,000 at 98.056, and $100,000 at 98.050.
28/ Except $5,000,000 at 96.776, and $5,000,000 at 96.750.
29/ Except $1,500,000 at 97.182.
30/ Except $100,000 at 97.070.
p Preliminary.
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issues</th><th>Amount of bids tendered</th><th>Amount of bids accepted</th><th>Average rate on bids accepted 1/</th><th>New money increase, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th><th></th><th></th><th>(Percent)</th><th></th></tr><tr><td>1953-Apr. 23.........</td><td>1953- July 23</td><td>91</td><td>$ 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>2.082</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>1.952</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>2.007</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>93</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>92</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>3.140</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>92</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>2,812</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>2,334</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>
Footnotes at end of table.
(Continued on following page)
October 1961
33
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/ (Percent)</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</td><td>91</td><td>$2,090</td><td>$1,500</td><td>2.816</td><td rowspan="2">$101</td></tr><tr><td></td><td>Sept. 3</td><td>182</td><td>724</td><td>400</td><td>3.111</td></tr><tr><td>Mar. 12 2</td><td>June 11</td><td>91</td><td>2,254</td><td>1,301</td><td>3.062</td><td rowspan="2">101</td></tr><tr><td></td><td>Sept. 10</td><td>182</td><td>967</td><td>400</td><td>3.375</td></tr><tr><td>Mar. 19</td><td>June 18</td><td>91</td><td>2,019</td><td>1,301</td><td>2.763</td><td rowspan="2">100</td></tr><tr><td></td><td>Sept. 17</td><td>182</td><td>727</td><td>400</td><td>3.058</td></tr><tr><td>Mar. 26</td><td>June 25</td><td>91</td><td>2,122</td><td>1,300</td><td>2.766</td><td rowspan="2">100</td></tr><tr><td></td><td>Sept. 24</td><td>182</td><td>671</td><td>400</td><td>3.093</td></tr><tr><td>Aug. 13</td><td>1959-Nov. 12</td><td>91</td><td>1,866</td><td>1,200</td><td>3.150</td><td rowspan="2">199</td></tr><tr><td></td><td>1960-Feb. 11</td><td>182</td><td>875</td><td>400</td><td>3.690</td></tr><tr><td>Aug. 20</td><td>1959-Nov. 19</td><td>91</td><td>1,853</td><td>1,200</td><td>3.417</td><td rowspan="2">199</td></tr><tr><td></td><td>1960-Feb. 18</td><td>182</td><td>790</td><td>400</td><td>3.782</td></tr><tr><td>Aug. 27</td><td>1959-Nov. 27</td><td>92</td><td>1,964</td><td>1,200</td><td>3.824</td><td rowspan="2">204</td></tr><tr><td></td><td>1960-Feb. 25</td><td>182</td><td>693</td><td>400</td><td>4.152</td></tr><tr><td>1960-May 19</td><td>1960-Aug. 18</td><td>91</td><td>1,809</td><td>1,200</td><td>3.793</td><td rowspan="2">97</td></tr><tr><td></td><td>Nov. 17</td><td>182</td><td>961</td><td>500</td><td>4.000</td></tr><tr><td>May 26</td><td>Aug. 25</td><td>91</td><td>1,834</td><td>1,200</td><td>3.497</td><td rowspan="2">96</td></tr><tr><td></td><td>Nov. 25</td><td>183</td><td>897</td><td>500</td><td>3.867</td></tr><tr><td>June 2</td><td>Sept. 1</td><td>91</td><td>1,820</td><td>1,101</td><td>3.184</td><td rowspan="2">100</td></tr><tr><td></td><td>Dec. 1</td><td>182</td><td>996</td><td>500</td><td>3.495</td></tr><tr><td>1961-Jan. 19</td><td>1961-Apr. 20</td><td>91</td><td>1,889</td><td>1,101</td><td>2.358</td><td rowspan="2">99</td></tr><tr><td></td><td>July 20</td><td>182</td><td>995</td><td>400</td><td>2.530</td></tr><tr><td>Jan. 26</td><td>Apr. 27</td><td>91</td><td>1,986</td><td>1,100</td><td>2.230</td><td rowspan="2">200</td></tr><tr><td></td><td>July 27</td><td>182</td><td>1,082</td><td>500</td><td>2.422</td></tr><tr><td>Feb. 2</td><td>May 4</td><td>91</td><td>2,057</td><td>1,101</td><td>2.299</td><td rowspan="2">201</td></tr><tr><td></td><td>Aug. 3</td><td>182</td><td>1,082</td><td>500</td><td>2.497</td></tr><tr><td>Mar. 30</td><td>June 29</td><td>91</td><td>1,924</td><td>1,100</td><td>2.392</td><td rowspan="2">99</td></tr><tr><td></td><td>Sept. 28</td><td>182</td><td>1,046</td><td>500</td><td>2.576</td></tr><tr><td>Apr. 6</td><td>July 6</td><td>91</td><td>1,916</td><td>1,100</td><td>2.470</td><td rowspan="2">99</td></tr><tr><td></td><td>Oct. 5</td><td>182</td><td>1,048</td><td>500</td><td>2.658</td></tr><tr><td>Apr. 13</td><td>July 13</td><td>91</td><td>2,000</td><td>1,101</td><td>2.361</td><td rowspan="2">100</td></tr><tr><td></td><td>Oct. 13</td><td>183</td><td>1,118</td><td>500</td><td>2.556</td></tr><tr><td>May 4</td><td>Aug. 3</td><td>91</td><td>2,087</td><td>1,101</td><td>2.299</td><td rowspan="2">100</td></tr><tr><td></td><td>Nov. 2</td><td>182</td><td>950</td><td>500</td><td>2.417</td></tr><tr><td>May 11</td><td>Aug. 10</td><td>91</td><td>1,877</td><td>1,101</td><td>2.232</td><td rowspan="2">101</td></tr><tr><td></td><td>Nov. 9</td><td>182</td><td>1,115</td><td>500</td><td>2.423</td></tr><tr><td>July 20</td><td>Oct. 19</td><td>91</td><td>1,916</td><td>1,100</td><td>2.200</td><td rowspan="2">99</td></tr><tr><td></td><td>1962-Jan. 18</td><td>182</td><td>960</td><td>500</td><td>2.385</td></tr><tr><td>Aug. 31p</td><td>1961-Nov. 30</td><td>91</td><td>1,821</td><td>1,100</td><td>2.321</td><td rowspan="2">100</td></tr><tr><td></td><td>1962-Mar. 1</td><td>182</td><td>934</td><td>600</td><td>2.617</td></tr></table>
Source: See Table 2. Information in Table 3 covers bill offerings January 2, 1953, through September 30, 1961. 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. p Preliminary.
34
Treasury Bulletin
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 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>Allotment ratio</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Cash 3/</th><th>Exchange</th><th>For cash 2/</th><th>In exchange 3/</th><th></th></tr><tr><td>2/2/53</td><td>2/15/53</td><td>2-1/4% Certificate - 2-1/2% Bond</td><td>2/15/54-A 12/15/58</td><td>ly 5y 10m</td><td>-</td><td>8,114 620</td><td>-</td><td>8,114 620</td><td>100</td></tr><tr><td>5/</td><td>4/1/53</td><td>1-1/2% Note</td><td>4/1/58-EA</td><td>5y</td><td>-</td><td>383</td><td>-</td><td>383</td><td>100</td></tr><tr><td>4/13/53</td><td>5/1/53</td><td>3-1/4% Bond</td><td>6/15/78-83</td><td>30y 13m</td><td>5,250</td><td>418 6/</td><td>1,188</td><td>418 6/</td><td>2/</td></tr><tr><td>5/20/53</td><td>6/1/53</td><td>2-5/8% Certificate</td><td>6/1/54-B</td><td>ly</td><td>-</td><td>4,858</td><td>-</td><td>4,858</td><td>100</td></tr><tr><td>5/29/53</td><td>6/3/53</td><td>2.383% Bill</td><td>9/18/53 - Tax ant. 8/ (At auction)</td><td>107d</td><td>1,676</td><td>-</td><td>800</td><td>-</td><td></td></tr><tr><td>7/6/53</td><td>7/15/53</td><td>2-1/2% Certificate</td><td>3/22/54-C - Tax ant. 9/</td><td>8m</td><td>8,687</td><td>-</td><td>5,902</td><td>-</td><td>10/</td></tr><tr><td>8/5/53</td><td>8/15/53</td><td>2-5/8% Certificate</td><td>8/15/54-D</td><td>ly</td><td>-</td><td>2,788</td><td>-</td><td>2,788</td><td>100</td></tr><tr><td>9/2/53</td><td>9/15/53</td><td>2-5/8% Certificate</td><td>9/15/54-E</td><td>ly</td><td>-</td><td>4,724</td><td>-</td><td>4,724</td><td></td></tr><tr><td>5/</td><td>9/15/53</td><td>2-7/8% Note</td><td>3/15/57-A</td><td>3y 6m</td><td>-</td><td>2,997</td><td>-</td><td>2,997</td><td>100</td></tr><tr><td>10/28/53</td><td>10/1/53</td><td>1-1/2% Note</td><td>10/1/58-EO</td><td>5y</td><td>-</td><td>121</td><td>-</td><td>121</td><td>100</td></tr><tr><td>11/18/53</td><td>11/9/53</td><td>2-3/4% Bond</td><td>9/15/61</td><td>7y 10m</td><td>12,543</td><td>-</td><td>2,239</td><td>-</td><td>11/</td></tr><tr><td>2/1/54</td><td>12/1/53</td><td>1-7/8% Note</td><td>12/15/54-B</td><td>1y 1m</td><td>-</td><td>8,175</td><td>-</td><td>8,175</td><td>100</td></tr><tr><td>3/16/54</td><td>2/15/53</td><td>2-1/2% Bond</td><td>12/15/58 - Reopening</td><td>5y 1m</td><td>-</td><td>1,748</td><td>-</td><td>1,748</td><td></td></tr><tr><td>4/21/54</td><td>2/15/54</td><td>1-5/8% Certificate</td><td>2/15/55-A</td><td>ly</td><td>-</td><td>7,007</td><td>-</td><td>7,007</td><td>100</td></tr><tr><td>5/</td><td>2/15/54</td><td>2-1/2% Bond</td><td>11/15/61</td><td>7y 3m</td><td>-</td><td>11,177</td><td>-</td><td>11,177</td><td>100</td></tr><tr><td>4/27/54</td><td>3/22/54</td><td>.956% Bill</td><td>6/24/54 - Tax ant. 8/ (At auction)</td><td>94d</td><td>2,717</td><td>-</td><td>1,501</td><td>-</td><td></td></tr><tr><td>5/</td><td>4/27/54</td><td>.726% Bill</td><td>6/18/54 - Tax ant. 8/ (At auction)</td><td>52d</td><td>2,987</td><td>-</td><td>1,001</td><td>-</td><td></td></tr><tr><td>5/4/54</td><td>4/1/54</td><td>1-1/2% Note</td><td>4/1/59-EA</td><td>5y</td><td>-</td><td>119</td><td>-</td><td>119</td><td>100</td></tr><tr><td>5/5/54</td><td>5/17/54</td><td>1-7/8% Note</td><td>2/15/59-A</td><td>4y 9m</td><td>9,750</td><td>-</td><td>2,205</td><td>-</td><td>12/</td></tr><tr><td>7/21/54</td><td>5/17/54</td><td>1-1/8% Certificate</td><td>5/17/55-B</td><td>ly</td><td>-</td><td>2,897</td><td>-</td><td>2,897</td><td>100</td></tr><tr><td>8/3/54</td><td>8/2/54</td><td>1% Certificate</td><td>3/22/55-C - Tax ant. 9/</td><td>71m</td><td>9,250</td><td>-</td><td>3,734</td><td>-</td><td>13/</td></tr><tr><td>9/23/54</td><td>8/15/54</td><td>1-1/8% Certificate</td><td>8/15/55-D</td><td>ly</td><td>-</td><td>3,558</td><td>-</td><td>3,558</td><td>100</td></tr><tr><td>5/</td><td>8/15/54</td><td>2-1/8% Bond</td><td>11/15/60</td><td>6y 3m</td><td>-</td><td>3,806</td><td>-</td><td>3,806</td><td></td></tr><tr><td>10/1/54</td><td>10/4/54</td><td>1-5/8% Note</td><td>5/15/57-8</td><td>2y 73m</td><td>8,190</td><td>-</td><td>4,155</td><td>-</td><td>14/</td></tr><tr><td>11/22/54</td><td>8/15/54</td><td>1-1/2% Note</td><td>8/15/55-D - Reopening</td><td>8m</td><td>-</td><td>4,919</td><td>-</td><td>4,919</td><td>100</td></tr><tr><td>12/15/54</td><td>12/15/54</td><td>1-1/4% Certificate</td><td>12/15/55-E</td><td>ly</td><td>-</td><td>5,359</td><td>-</td><td>5,359</td><td></td></tr><tr><td>2/1/55</td><td>12/15/54</td><td>2-1/2% Bond</td><td>8/15/63</td><td>8y 8m</td><td>-</td><td>6,755</td><td>-</td><td>6,755</td><td>100</td></tr><tr><td>2/15/55</td><td>2/15/55</td><td>1-5/8% Note</td><td>3/15/56-A</td><td>1y 1m</td><td>-</td><td>8,472</td><td>-</td><td>8,472</td><td>100</td></tr><tr><td>3/22/55</td><td>2/15/55</td><td>2% Note</td><td>8/15/57-C</td><td>2y 6m</td><td>-</td><td>3,792</td><td>-</td><td>3,792</td><td>100</td></tr><tr><td>4/1/55</td><td>2/15/55</td><td>3% Bond</td><td>2/15/95</td><td>4Oy</td><td>-</td><td>1,924</td><td>-</td><td>1,924</td><td></td></tr><tr><td>5/3/55</td><td>4/1/55</td><td>1-3/8% Certificate</td><td>6/22/55-F - Tax ant. 9/</td><td>21m</td><td>7,938</td><td>-</td><td>3,210</td><td>-</td><td>13/</td></tr><tr><td>5/17/55</td><td>5/17/55</td><td>1-1/2% Note</td><td>4/1/60-EA</td><td>5y</td><td>-</td><td>198</td><td>-</td><td>198</td><td>100</td></tr><tr><td>7/8/55</td><td>7/18/55</td><td>2% Note</td><td>8/15/56-B</td><td>ly 3m</td><td>3,989</td><td>-</td><td>2,532</td><td>-</td><td>15/</td></tr><tr><td>7/11/55</td><td>7/18/55</td><td>1-7/8% Certificate</td><td>3/22/56-A - Tax ant. 9/</td><td>8m</td><td>10,620</td><td>-</td><td>2,202</td><td>-</td><td>16/</td></tr><tr><td>7/20/55</td><td>2/15/55</td><td>3% Bond</td><td>2/15/95 - Reopening</td><td>39y 7m</td><td>1,720</td><td>-</td><td>821</td><td>-</td><td>17/</td></tr><tr><td>8/1/55</td><td>8/1/55</td><td>2% Certificate</td><td>6/22/56-B - Tax ant. 9/</td><td>101m</td><td>-</td><td>1,486</td><td>-</td><td>1,486</td><td>100</td></tr><tr><td>5/17/55</td><td>5/17/55</td><td>2% Note</td><td>8/15/56-B - Reopening</td><td>ly</td><td>-</td><td>6,841</td><td>-</td><td>6,841</td><td></td></tr><tr><td>10/3/55</td><td>10/11/55</td><td>2-1/4% Certificate</td><td>6/22/56-C - Tax ant. 9/</td><td>8m</td><td>8,778</td><td>-</td><td>2,970</td><td>-</td><td>18/</td></tr><tr><td>10/1/55</td><td>10/1/55</td><td>1-1/2% Note</td><td>10/1/60-BO</td><td>5y</td><td>-</td><td>278</td><td>-</td><td>278</td><td>100</td></tr><tr><td>11/28/55</td><td>12/1/55</td><td>2-5/8% Certificate</td><td>12/1/56-D</td><td>ly</td><td>-</td><td>9,083</td><td>-</td><td>9,083</td><td>100</td></tr><tr><td>12/8/55</td><td>12/15/55</td><td>2-7/8% Note</td><td>6/15/58-A</td><td>2y 6m</td><td>-</td><td>2,283</td><td>-</td><td>2,283</td><td></td></tr><tr><td>3/5/56</td><td>12/15/55</td><td>2.465% Bill</td><td>3/23/56 - Tax ant. 8/ (At auction)</td><td>99d</td><td>4,130</td><td>-</td><td>1,501</td><td>-</td><td></td></tr><tr><td>3/5/56</td><td>3/5/56</td><td>2-5/8% Certificate</td><td>2/15/57-A</td><td>111m</td><td>-</td><td>7,219</td><td>-</td><td>7,219</td><td>100</td></tr><tr><td>4/1/56</td><td>12/1/55</td><td>2-7/8% Note</td><td>6/15/58-A - Reopening</td><td>2y 3m</td><td>-</td><td>2,109</td><td>-</td><td>2,109</td><td></td></tr><tr><td>7/16/56</td><td>4/1/56</td><td>1-1/2% Note</td><td>4/1/61-EA</td><td>5y</td><td>-</td><td>144</td><td>-</td><td>144</td><td>100</td></tr><tr><td>8/6/56</td><td>7/16/56</td><td>2-3/4% Note</td><td>8/1/57-D</td><td>1y 1m</td><td>-</td><td>12,056</td><td>-</td><td>12,056</td><td>100</td></tr><tr><td>2/</td><td>8/15/56</td><td>2-3/4% Certificate</td><td>3/22/57-B - Tax ant. 9/</td><td>7m</td><td>10,613</td><td>-</td><td>3,221</td><td>-</td><td>19/</td></tr><tr><td>10/10/56</td><td>10/1/56</td><td>1-1/2% Note</td><td>10/1/61-BO</td><td>5y</td><td>-</td><td>332</td><td>-</td><td>332</td><td>100</td></tr><tr><td>11/13/56</td><td>10/17/56</td><td>2.627% Bill</td><td>1/16/57 - At auction</td><td>91d</td><td>4,761</td><td>-</td><td>1,603</td><td>-</td><td></td></tr><tr><td>11/19/56</td><td>11/16/56</td><td>2.617% Bill</td><td>2/15/57 - At auction</td><td>91d</td><td>4,637</td><td>-</td><td>1,750</td><td>-</td><td></td></tr><tr><td>12/12/56</td><td>12/1/56</td><td>3-1/4% Certificate</td><td>6/24/57-C - Tax ant. 9/</td><td>61m</td><td>-</td><td>1,312</td><td>-</td><td>1,312</td><td>100</td></tr><tr><td>12/17/56</td><td>12/1/56</td><td>3-1/4% Certificate</td><td>10/1/57-D</td><td>10m</td><td>-</td><td>7,271</td><td>-</td><td>7,271</td><td></td></tr><tr><td></td><td>12/17/56</td><td>2.58% Bill</td><td>3/22/57 - Tax ant. 8/ (At auction)</td><td>95d</td><td>3,786</td><td>-</td><td>1,000</td><td>-</td><td></td></tr></table>
Footnotes at end of table
(Continued on following page)
October 1961
35
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 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>Allotment 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>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>-</td><td>1,601 20/</td><td>-</td><td rowspan="2">100</td></tr><tr><td>2/4/57</td><td>2/15/57</td><td>3-3/8% Certificate - 3-1/2% Note</td><td>2/14/58-A 5/15/60-A</td><td>1y 3y 3m</td><td>-</td><td>8,414 1,464</td><td>-</td><td>8,414 1,464</td></tr><tr><td>2/7/57</td><td>2/15/57</td><td>3.231% Bill</td><td>- 6/24/57 - Tax ant. 8/ (At auction)</td><td>129d</td><td>2,302</td><td>-</td><td>1,750 20/</td><td>-</td><td></td></tr><tr><td>3/18/57</td><td>2/15/57</td><td>3-3/8% Certificate - 3-1/2% Note</td><td>2/14/58-A - Reopening 5/15/60-A - Reopening</td><td>101m 3y 11m</td><td>7,489 5,868</td><td>-</td><td>2,437 942</td><td>-</td><td>21/</td></tr><tr><td>2/</td><td>4/1/57</td><td>1-1/2% Note</td><td>- 4/1/62-EA</td><td>5y</td><td>-</td><td>551</td><td>-</td><td>551</td><td>100</td></tr><tr><td>5/6/57</td><td>5/1/57</td><td>3-1/2% Certificate - 3-5/8% Note</td><td>4/15/58-B 2/15/62-a</td><td>111m 4y 92m</td><td>-</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</td><td>2.825% Bill</td><td>- 9/23/57 - Tax ant. 8/ (At auction)</td><td>119d</td><td>3,689</td><td>-</td><td>1,501</td><td>-</td><td></td></tr><tr><td>6/26/57</td><td>7/3/57</td><td>3.485% Bill</td><td>- 3/24/58 - Tax ant. 8/ (At auction)</td><td>264d</td><td>4,547</td><td>-</td><td>3,002</td><td>-</td><td></td></tr><tr><td>7/22/57</td><td>8/1/57</td><td>3-5/8% Certificate - 4% Certificate</td><td>12/1/57-E 8/1/58-C</td><td>4m 1y</td><td>-</td><td>9,871 10,487</td><td>100 100</td><td>9,871 10,487</td><td>100 23/</td></tr><tr><td>8/14/57</td><td>8/21/57</td><td>4.173% Bill</td><td>- 4/15/58 - At auction</td><td>237d</td><td>3,178</td><td>-</td><td>1,751</td><td>-</td><td></td></tr><tr><td>9/16/57</td><td>8/1/57 9/26/57</td><td>4% Certificate - 4% Note</td><td>8/1/58-C - Reopening 8/15/62-B 24/</td><td>10m 4y 11m</td><td>3,067 6,121</td><td>-</td><td>933 2,000</td><td>-</td><td>25/</td></tr><tr><td>5/</td><td>10/1/57</td><td>1-1/2% Note</td><td>- 10/1/62-EO</td><td>5y</td><td>-</td><td>590</td><td>-</td><td>590</td><td>100</td></tr><tr><td>11/20/57</td><td>11/29/57</td><td>3-3/4% Note - 3-7/8% Bond</td><td>11/15/62-c 11/15/74</td><td>4y 111m 16y 112m</td><td>7,786 3,817</td><td>-</td><td>1,143 654</td><td>-</td><td>27/ 28/</td></tr><tr><td>11/21/57</td><td>12/1/57</td><td>3-3/4% Certificate</td><td>- 12/1/58-D</td><td>1y</td><td>-</td><td>9,833</td><td>-</td><td>9,833</td><td>100</td></tr><tr><td>2/3/58</td><td>2/14/58 2/14/58</td><td>2-1/2% Certificate 3% Bond</td><td>2/14/59-A 2/15/64</td><td>1y 6y</td><td>-</td><td>9,770 3,854</td><td>-</td><td>9,770 3,854</td><td>100</td></tr><tr><td>2/28/58</td><td>2/28/58</td><td>3% Bond</td><td>- 8/15/66</td><td>32y</td><td>-</td><td>1,727</td><td>-</td><td>1,727</td><td></td></tr><tr><td>2/</td><td>4/1/58</td><td>1-1/2% Note</td><td>- 4/1/63-EA</td><td>8y 51m 5y</td><td>6,715</td><td>-</td><td>1,484</td><td>-</td><td>29/</td></tr><tr><td>4/7/58</td><td>4/15/58</td><td>2-5/8% Note</td><td>- 2/15/63-A</td><td>4y 10m</td><td>15,741</td><td>-</td><td>3,971</td><td>-</td><td>30/</td></tr><tr><td>6/3/58</td><td>6/3/58</td><td>3-1/4% Bond</td><td>- 5/15/85 - Issued at 1001/2</td><td>26y 11m</td><td>2,570</td><td>-</td><td>1,135</td><td>-</td><td>31/</td></tr><tr><td>6/4/58</td><td>6/15/58</td><td>1-1/4% Certificate - 2-5/8% Bond</td><td>5/15/59-B 2/15/65</td><td>11m 6y 8m</td><td>-</td><td>1,817 7,388</td><td>-</td><td>1,817 7,388</td><td>100</td></tr><tr><td>7/21/58</td><td>8/1/58</td><td>1-5/8% Certificate</td><td>- 8/1/59-C</td><td>1y</td><td>-</td><td>13,500</td><td>-</td><td>13,500</td><td>100</td></tr><tr><td>7/29/58</td><td>8/6/58</td><td>1-1/2% Certificate</td><td>- 3/24/59-D - Tax ant. 2/</td><td>8m</td><td>5,962</td><td>-</td><td>3,567</td><td>-</td><td>32/</td></tr><tr><td>5/</td><td>10/1/58</td><td>1-1/2% Note</td><td>- 10/1/63-EO</td><td>5y</td><td>-</td><td>506</td><td>-</td><td>506</td><td>100</td></tr><tr><td>9/29/58</td><td>10/8/58</td><td>3.25% Bill</td><td>- 5/15/59 - Special at fixed price</td><td>219d</td><td>5,805</td><td>-</td><td>2,735</td><td>-</td><td>33/</td></tr><tr><td>11/14/58</td><td>11/10/58 11/20/58</td><td>3-1/2% Note 2.999% Bill</td><td>11/15/59-B 6/22/59 - Tax ant. 8/ (At auction)</td><td>1y 1m 214d</td><td>2,686 5,950</td><td>-</td><td>1,184 2,997</td><td>-</td><td></td></tr><tr><td>11/19/58</td><td>12/1/58</td><td>3-3/8% Certificate - 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>111m 2y 52m</td><td>-</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 1/23/59</td><td>3-1/4% Note - 4% Bond</td><td>5/15/60-B - Issued at 99-3/4 2/15/80 - Issued at 99.00</td><td>1y 4m 21y 1m</td><td>5,508 1,800</td><td>-</td><td>2,738 884</td><td>-</td><td>34/ 35/</td></tr><tr><td>2/2/59</td><td>2/15/59 2/15/59</td><td>3-3/4% Certificate - 4% 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>-</td><td>11,363 1,435</td><td>-</td><td>11,363 1,435</td><td>100</td></tr><tr><td>2/11/59</td><td>2/16/59</td><td>3.293% Bill</td><td>- 9/21/59 - Tax ant. 8/ (At auction)</td><td>217d</td><td>2,984</td><td>-</td><td>1,502</td><td>-</td><td></td></tr><tr><td>3/23/59</td><td>4/1/59 10/1/57</td><td>4% Note - 4% Bond</td><td>5/15/63-B 10/1/69 - Reopening</td><td>4y 11m 10y 6m</td><td>3,052 1,502</td><td>-</td><td>1,743 619</td><td>-</td><td>36/ 27/</td></tr><tr><td>2/</td><td>4/1/59</td><td>1-1/2% Note</td><td>- 4/1/64-EA</td><td>5y</td><td>-</td><td>457</td><td>-</td><td>457</td><td>100</td></tr><tr><td>3/26/59</td><td>4/1/59</td><td>3.386% Bill</td><td>- 1/15/60 - At auction</td><td>289d</td><td>3,445</td><td>-</td><td>2,006</td><td>-</td><td></td></tr><tr><td>5/6/59</td><td>5/11/59</td><td>3.835% Bill</td><td>- 4/15/60 - At auction</td><td>340d</td><td>3,461</td><td>-</td><td>2,003</td><td>-</td><td></td></tr><tr><td>5/7/59</td><td>5/15/59</td><td>3.565% Bill</td><td>- 12/22/59 - Tax ant. 8/ (At auction)</td><td>221d</td><td>1,699</td><td>-</td><td>1,500</td><td>-</td><td></td></tr><tr><td>5/11/59</td><td>5/15/59</td><td>4% Certificate</td><td>- 5/15/60-B - Issued at 99.95</td><td>1y</td><td>-</td><td>1,269</td><td>-</td><td>1,269</td><td>100</td></tr></table>
Footnotes at end of table.
(Continued on following page)
36
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 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>Allotment 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>-</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></tr><tr><td>7/8/59</td><td>7/15/59</td><td>4.728$ Bill</td><td>-</td><td>7/15/60 - At auction</td><td>366d</td><td>3,173</td><td>-</td><td>2,001</td><td></td></tr><tr><td>7/20/59</td><td>7/20/59 { 8/1/59</td><td>4-3/4% Note</td><td>-</td><td>5/15/64-A</td><td>4y 10m</td><td>-</td><td>4,184</td><td>-</td><td>100</td></tr><tr><td>8/13/59</td><td>7/8/59</td><td>3.719$ Bill</td><td>-</td><td>8/15/60-C</td><td>124m</td><td>-</td><td>9,561</td><td>-</td><td></td></tr><tr><td>2/</td><td>10/1/59</td><td>1-1/2% Note</td><td>-</td><td>3/22/60 - Tax ant. 8/ (Reopening)</td><td>216d</td><td>3,216</td><td>-</td><td>999</td><td></td></tr><tr><td>10/6/59</td><td>10/15/59</td><td>5% Note</td><td>-</td><td>10/1/64-EO</td><td>5y</td><td>-</td><td>490</td><td>-</td><td>100</td></tr><tr><td>10/14/59</td><td>10/21/59</td><td>4.783$ Bill</td><td>-</td><td>8/15/64-B</td><td>4y 10m</td><td>11,125</td><td>-</td><td>2,316</td><td>28/</td></tr><tr><td>11/2/59</td><td>11/15/59 { 11/15/59</td><td>4-3/4% Certificate</td><td>-</td><td>11/15/60-C</td><td>1y</td><td>-</td><td>7,037</td><td>-</td><td>100</td></tr><tr><td>11/23/59</td><td>7/20/59</td><td>4-3/4% Note</td><td>-</td><td>11/15/63-C</td><td>4y</td><td>-</td><td>3,011</td><td>-</td><td>749 29/</td></tr><tr><td>11/24/59</td><td>12/2/59</td><td>4.860$ Bill</td><td>-</td><td>10/17/60 - At auction</td><td>320d</td><td>3,965</td><td>-</td><td>2,007</td><td></td></tr><tr><td>1/5/60</td><td>10/21/59</td><td>4.726$ Bill</td><td>-</td><td>6/22/60 - Tax ant. 8/ (Reopening)</td><td>166d</td><td>4,085</td><td>-</td><td>2,016</td><td></td></tr><tr><td>1/12/60</td><td>1/15/60</td><td>5.067$ Bill</td><td>-</td><td>1/15/61 - At auction</td><td>1y</td><td>2,303</td><td>-</td><td>1,504 40/</td><td></td></tr><tr><td>2/1/60</td><td>2/15/60 { 2/15/60</td><td>4-7/8% Certificate</td><td>-</td><td>2/15/61-A</td><td>1y</td><td>-</td><td>6,938</td><td>-</td><td>100</td></tr><tr><td>5/</td><td>4/1/60</td><td>1-1/2% Note</td><td>-</td><td>11/15/64-C - Issued at 99.75</td><td>4y 9m</td><td>-</td><td>4,195</td><td>-</td><td>4,195</td></tr><tr><td>4/4/60</td><td>4/5/60 { 4/14/60</td><td>4-1/4% Bond</td><td>-</td><td>5/15/75-85</td><td>25y 12m</td><td>370</td><td>-</td><td>470</td><td>100 41/</td></tr><tr><td>4/12/60</td><td>4/15/60</td><td>4.608$ Bill</td><td>-</td><td>5/15/62-E</td><td>2y 1m</td><td>6,715</td><td>-</td><td>2,211</td><td>42/</td></tr><tr><td>5/2/60</td><td>5/15/60 { 5/15/60</td><td>4-3/8% Certificate</td><td>-</td><td>5/15/61 - At auction</td><td>1y</td><td>2,001</td><td>-</td><td>2,001 40/</td><td></td></tr><tr><td>6/8/60</td><td>6/23/60</td><td>3-3/4% Note</td><td>-</td><td>5/15/61-B</td><td>1y</td><td>-</td><td>3,674</td><td>-</td><td>100</td></tr><tr><td>7/6/60</td><td>7/13/60</td><td>2.823$ Bill</td><td>-</td><td>5/15/65-A</td><td>5y</td><td>-</td><td>2,113</td><td>-</td><td>100</td></tr><tr><td>7/12/60</td><td>7/15/60</td><td>3.265$ Bill</td><td>-</td><td>7/15/61 - At auction</td><td>1y</td><td>3,036</td><td>-</td><td>1,501 40/</td><td></td></tr><tr><td>8/1/60</td><td>8/15/60 { 6/23/60</td><td>3-1/8% Certificate</td><td>-</td><td>8/1/61-C</td><td>111m</td><td>17,389</td><td>44/</td><td>2,078 45/</td><td>5,751 46/</td><td>47/ 48/</td></tr><tr><td>5/</td><td>10/1/60</td><td>1-1/2% Note</td><td>-</td><td>5/15/68 - Reopening</td><td>7y 9m</td><td>5,183</td><td>-</td><td>1,042</td><td>28/</td><td></td></tr><tr><td>9/12/60</td><td>10/3/60 { 2/14/58</td><td>3-1/2% Bond</td><td>-</td><td>10/1/65-EO</td><td>5y</td><td>-</td><td>315</td><td>-</td><td>315</td><td></td></tr><tr><td>10/11/60</td><td>10/17/60</td><td>3.131$ Bill</td><td>-</td><td>11/15/80</td><td>20y 14m</td><td>-</td><td>643</td><td>-</td><td>643</td><td></td></tr><tr><td>10/18/60</td><td>10/21/60</td><td>2.788$ Bill</td><td>-</td><td>10/15/98</td><td>29y 41m</td><td>-</td><td>993</td><td>-</td><td>993</td><td>100 49/</td></tr><tr><td>10/31/60</td><td>11/15/60 { 11/15/60</td><td>3-1/4% Note</td><td>-</td><td>11/15/90 - Reopening</td><td>38y 11m</td><td>-</td><td>2,343</td><td>-</td><td>2,343</td><td></td></tr><tr><td>11/21/60</td><td>10/1/57</td><td>4% Bond</td><td>-</td><td>10/1/61 - At auction</td><td>1y 8m</td><td>3,300</td><td>-</td><td>1,502 40/</td><td></td></tr><tr><td>1/11/61</td><td>1/15/61</td><td>2.679$ Bill</td><td>-</td><td>2/15/62-F</td><td>1y</td><td>3,000</td><td>-</td><td>3,504</td><td>-</td><td>100</td></tr><tr><td>2/6/61</td><td>2/15/61</td><td>3-1/4% Note</td><td>-</td><td>5/15/66</td><td>5y 6m</td><td>-</td><td>9,098</td><td>-</td><td>9,098</td><td>100</td></tr><tr><td>3/20/61</td><td>3/15/61 { 3/15/61</td><td>3-3/8% Bond</td><td>-</td><td>11/15/66</td><td>5y 8m</td><td>-</td><td>1,213</td><td>-</td><td>1,213</td><td>100</td></tr><tr><td>5/</td><td>4/1/61</td><td>1-1/2% Note</td><td>-</td><td>11/15/67</td><td>6y 8m</td><td>-</td><td>2,438p</td><td>-</td><td>2,438p</td><td>100 54/</td></tr><tr><td>3/28/61</td><td>4/3/61</td><td>2.473$ Bill</td><td>-</td><td>4/1/66-EA</td><td>5y</td><td>-</td><td>3,604p</td><td>-</td><td>3,604p</td><td></td></tr><tr><td>4/12/61</td><td>4/15/61</td><td>2.827$ Bill</td><td>-</td><td>9/22/61 - Tax ant. 8/ (At auction)</td><td>172d</td><td>3,897</td><td>-</td><td>1,503</td><td>-</td><td>314</td></tr><tr><td>5/1/61</td><td>5/15/61 { 5/15/61</td><td>3% Certificate</td><td>-</td><td>4/15/62 - At auction</td><td>1y</td><td>4,116</td><td>-</td><td>2,000 40/</td><td>-</td><td>1,781 56/</td><td>27/</td></tr><tr><td>6/8/61</td><td>6/14/61</td><td>2.308$ Bill</td><td>-</td><td>5/15/62-A</td><td>1y</td><td>13,819 55/</td><td>-</td><td>3,728</td><td>-</td><td>1,903</td><td>850 56/</td></tr><tr><td></td><td></td><td></td><td>-</td><td>5/15/63-D</td><td>2y</td><td>12,947 55/</td><td>-</td><td>1,802</td><td>-</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td>-</td><td>8/3/61 - "Strip" of 18 series 58/ (At auction)</td><td>109.6d (Average)</td><td>4,673</td><td>-</td><td></td><td>-</td><td></td><td></td></tr></table>
Footnotes on following page.
October 1961
37
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 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>Allotment 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>7/11/61</td><td>7/15/61</td><td>2.908% Bill</td><td>-</td><td>7/15/62 - At auction</td><td>1y</td><td>4,174</td><td>-</td><td>2,004 40/</td><td>-</td><td rowspan="3">100</td></tr><tr><td>7/17/61</td><td>8/1/61<br>8/1/61<br>6/23/60</td><td>3-1/4% Note<br>3-3/4% Note<br>3-7/8% Bond</td><td>-<br>-<br>-</td><td>11/15/62-H<br>8/15/64-E<br>5/15/68 - Reopening Issued at 99.375</td><td>1y<br>3y<br>6y</td><td>31m<br>1m<br>95m</td><td>6,082p<br>5,019p<br>746p</td><td>-<br>-<br>-</td><td>6,082p<br>5,019p<br>746p</td></tr><tr><td>7/20/61</td><td>7/26/61</td><td>2.483% Bill</td><td>-</td><td>3/23/62 - Tax ant. @ (At auction)</td><td>240d</td><td>5,149</td><td>-</td><td>3,503</td><td>-</td></tr><tr><td>9/11/61</td><td>10/3/60<br>2/14/58<br>10/3/60</td><td>3-1/2% Bond<br>3-1/2% Bond<br>3-1/2% Bond</td><td>-<br>-<br>-</td><td>11/15/80 - Reopening<br>2/15/90 - Reopening<br>11/15/98 - Reopening</td><td>19y<br>28y<br>37y</td><td>2m<br>5m<br>2m</td><td>1,274p<br>1,296p<br>1,187p</td><td>-<br>-<br>-</td><td>1,274p<br>1,296p<br>1,187p</td><td>100 29/</td></tr><tr><td>9/20/61</td><td>9/27/61</td><td>2.705% Bill</td><td>-</td><td>6/22/62 - Tax ant. @ (At auction)</td><td>268d</td><td>5,131p</td><td>-</td><td>2,511p</td><td>-</td><td></td></tr><tr><td>5/</td><td>10/1/61</td><td>1-1/2% Note</td><td>-</td><td>10/1/66-80</td><td>5y</td><td>-</td><td>n.e.</td><td>-</td><td>n.e.</td><td></td></tr><tr><td>10/2/61</td><td>5/15/61</td><td>3-1/4% Note</td><td>-</td><td>5/15/63-D - Reopening Issued at 99.875</td><td>1y</td><td>7m</td><td>5,684p</td><td>-</td><td>2,276p</td><td>60/</td></tr><tr><td>10/10/61</td><td>10/16/61</td><td>2.975% Bill</td><td>-</td><td>10/15/62 - At auction</td><td>1y</td><td>3,756p</td><td>-</td><td>2,001p 40/</td><td>-</td><td></td></tr></table>
Footnotes to Table 4
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in daily Treasury statement.
1/ 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 reopenings, the amount issued is in addition to the amount in original offering.
2/ From date of additional issue in case of a reopening.
3/ Subscriptions shown are from the public, but amounts issued include allotments to Government investment accounts.
4/ For maturing securities exchanged for the new issues, see Table 6.
5/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951. For further information on the original offering see "Treasury Bulletin" for April 1951, page A-1. Amounts shown are as of September 30, 1961. The bond offering was made available for exchange of Series F and G savings bonds maturing from May 1 through December 31, 1953.
6/ Total allotments on cash subscriptions were limited to approximately $1,000 million. Nonbank subscriptions in amounts up to and including $5,000 were allotted in full. All other subscriptions were allotted 20 percent. Commercial banks' subscriptions were restricted to an amount not exceeding 5 percent of their time deposits as of December 31, 1952. The Treasury also reserved the right to allot limited amounts of these bonds to Government investment accounts, which subscribed to a total amount of $118 million. 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 taxes 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/ Subscriptions for amounts up to and including $100,000 were allotted in full. Subscriptions for amounts over $100,000 were allotted 67 percent but in no case less than $100,000.
11/ Subscriptions for amounts up to and including $10,000 were allotted in full. Subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments were allotted 24 percent. All others, including commercial banks, were allotted 16 percent but not less than $10,000 on any one subscription.
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 $74.9 million and were allotted 65 percent. Subscriptions from all other investors totaled $97.0 million and were allotted 30 percent. Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted not less than $25,000. In addition to the amount allotted to the public, $25 million of the bonds were allotted to Government Investment accounts. Savings-type investors were given the privilege of deferring payment for the bonds, provided that not less than 25 percent was paid by July 20, 1955, not less than 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 rollover of 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 12 percent for the notes. Subscriptions for $100,000 or less for both issues were allotted in full and subscriptions for more than $100,000 were allotted not less than $100,000. In addition, $100 million of the notes were allotted to Government Investment accounts.
22/ Redeemable at the option 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, $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, $100 million of the bonds were allotted to Government investment accounts. Payment of not more than 50 percent 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, $100 million of the notes were allotted to Government investment accounts.
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, $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, $100 million of the bonds were allotted to Government investment accounts.
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4. - (Continued)
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, $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, $100 million of the bonds were allotted to Government investment accounts.
32/ Subscript ions 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 per-
cent on notes but in no case less than the minimum. In addition, $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 from 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 $5,000 were allotted in full. Subscriptions for more than $5,000 were allotted not less than $5,000. In addition, $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.
Subscriptions from savings-type investors totaled $24.0 million and were allotted 65 percent. Subscriptions from commercial banks for their own account totaled $94.1 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 account
Full-paid subscriptions of $25,000 or less, totaling $941 million, were allotted in full. Subscriptions from savings-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, $100 million of the notes were allotted to Government investment accounts.
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%. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $1,000 of the notes upon payment of any cash difference. Cash payments amounted to $1 million.
Issued as a rollover of maturing one-year bills.
Cavings-type investors were given the privilege of paying for the bonds in installments up to June 15, 1960 (not less than 40 percent by April 14, the delivery date; 70 percent by May 15; and full payment by June 15). In addition to the amounts 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 30 percent but in no case less than $100,000. In addition, $27.4 million of the notes were allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case less than $25,000. In addition, $71 million of the notes were
Subscriptions were permitted to be made with payment in cash or in 4-3/4 Treasury notes maturing August 15, 1960 (see Table 6, footnote 22). In addition in order that holders of 1-5/8 Federal National Mortgage Association notes maturing August 21, 1960, might have an opportunity to reinvest the proceeds, the Secretary of the Treasury, in behalf of the Association, offered to purchase such
notes on August 15, 1960, at par and accrued interest to the extent that such subscriptions were allotted and the proceeds from the par amount of the notes were applied to payment, in whole or in part, for the new securities.
45/ Combined total includes $30 million allotted on subscriptions from holders of the Federal National Mortgage Association notes maturing August 23, 1960 (see footnote 44).
46/ Consists of allotments on subscriptions from holders of Treasury notes maturing August 15, 1960.
Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public funds, International organizations in which the United States holds membership, foreign central banks and foreign States, Government investment accounts, and the Federal Reserve Banks as provided in the offering circular, totaled $3,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were allotted in full up to and including $5,000; all others were allotted 13 percent but in no case less than $25,000.
Subscriptions totaled $1,181 million from savings-type investors and $100 million from Government investment accounts; both were allotted 25 percent. Subscriptions from commercial banks for their own accounts totaled $2,708 million and were allotted 20 percent. Subscriptions from all others totaled $1,190 million and were allotted 15 percent. Subscriptions for $5,000 or less were allotted in full; subscriptions for more than $5,000 were allotted not less than $5,000.
In addition to the amounts allotted to the public, there were allotted to Government investment accounts $131.3 million of the 3-1/2% bonds of 1980, $215.9 million of the 3-1/2% bonds of 1990, and $36.5 million of the 3-1/2% bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds issued in 1949, which mature in 1960, were offered in exchange the 4% bonds, with certain adjustments as of December 15, 1960, at a price of 100½. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to about $362,000.
51/ Subscriptions were permitted to be made with payment in cash or in 4-7/8% Treasury certificates maturing February 15, 1961 (see Table 6, footnote 26).
52/ Consists of allotments on subscriptions from holders of certificates of indebtedness maturing February 15, 1961.
Subscriptions from States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, Government investment accounts and the Federal Reserve Banks, as provided in the offering circular, totaled $,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those up to and including $10,000 were allotted in full; all others were allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there were allotted to the Federal Reserve Banks and Government investment accounts $39 million of the 3-3/8% bonds of 1966 and $540 million of the 3-5/8% bonds of 1967.
55/ Subscriptions were permitted to be made with payment in cash or in the 4-3/4 Treasury certificates or 3-5/8 Treasury notes, both maturing May 15, 1961 (see Table 6, footnote 29).
56/ Consists of allotments on subscriptions from holders of certificates of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $1,379 million for the certificates and $1,258 million for the notes, from States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, Government investment accounts, and the Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and totaled $11,445 million for the certificates which were allotted 27 percent, and $11,631 million for the notes which were allotted 12 percent; subscriptions for $25,000 or less were allotted in full, and subscriptions for more than $25,000 were allotted not less than $5,000.
58/ Sale of a "strip" of Treasury bills, consisting of an additional $100 million for cash of eighteen series of weekly Treasury bills maturing from August 3, 1961, to November 30, 1961.
59/ In addition to the amounts allotted to the public, there were allotted to the Federal Reserve Banks and Government investment accounts $480.4 million of the 3-1/2% bonds of 1980, $160.6 million of the 3-1/2% bonds
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case less than $100,000. In addition, $100 million of the notes were allotted to Government Investment accounts.
p Preliminary. a. Not available.
October 1961
39
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 rowspan="2">Date of financing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="9">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>Individual 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/ Pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers 6/</th><th>All other 7/</th></tr><tr><td>2/15/53</td><td>2-1/4% Cart. 2-1/2% Bond 2/15/54-A 12/15/58</td><td>-</td><td>8,114 620</td><td>3,698 3</td><td>2,279 444</td><td>187 6</td><td>150 9</td><td>55 20</td><td>7/ 7/</td><td>7/ 7/</td><td>230 13</td><td>152 100</td><td>1,361 25</td></tr><tr><td>5/1/53</td><td>3-1/4% Bond 6/15/78-83</td><td>1,188</td><td>418</td><td>118 1</td><td>131 1</td><td>261 287</td><td>98 19</td><td>99 13</td><td>7/ 7/</td><td>7/ 7/</td><td>75 12</td><td>158 *</td><td>248 85</td></tr><tr><td>6/1/53</td><td>2-5/8% Cert. 6/1/54-B</td><td>-</td><td>4,858</td><td>1,153</td><td>2,015</td><td>98</td><td>113</td><td>77</td><td>7/ 7/</td><td>7/ 7/</td><td>366</td><td>162</td><td>874</td></tr><tr><td>6/3/53</td><td>2.383% 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</td><td>115</td><td>81</td></tr><tr><td>8/15/53</td><td>2-5/8% Cert. 8/15/54-D</td><td>-</td><td>2,788</td><td>175</td><td>1,499</td><td>117</td><td>82</td><td>27</td><td>411</td><td>48</td><td>2</td><td>156</td><td>79</td><td>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</td><td>185 65</td></tr><tr><td>11/9/53</td><td>2-3/4% Bond 9/15/61</td><td>2,239</td><td>-</td><td>50</td><td>1,296</td><td>127</td><td>190</td><td>165</td><td>93</td><td>49</td><td>19</td><td>16</td><td>170</td><td>64</td></tr><tr><td>12/1/53</td><td>1-7/8% Note 2-1/2% Bond 12/15/54-B 12/15/58 2/</td><td>-</td><td>8,175 1,748</td><td>6,997 5</td><td>360 1,174</td><td>112 43</td><td>12 61</td><td>2</td><td>339 110</td><td>1 13</td><td>1</td><td>100</td><td>42</td><td>209 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 8,773</td><td>152 209</td><td>46 467</td><td>7 218</td><td>756 535</td><td>6 92</td><td>*</td><td>269 163</td><td>123 450</td><td>218 293</td></tr><tr><td>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><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><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 8/</td><td>2,205 3,886</td><td>2,897 -</td><td>26 1,686</td><td>1,138 982</td><td>175 41</td><td>146 74</td><td>139 23</td><td>216 247</td><td>36 26</td><td>*</td><td>103 294</td><td>219 76</td><td>73 130 180</td></tr><tr><td>8/2/54</td><td>1% Cert. 3/22/55-C 8/</td><td>3,734</td><td>-</td><td>1</td><td>2,011</td><td>39</td><td>59</td><td>41</td><td>1,146</td><td>3</td><td>1</td><td>156</td><td>192</td><td>85</td></tr><tr><td>8/15/54</td><td>1-1/8% Cert. 8/15/55-D 2-1/8% Bond 11/15/60</td><td>-</td><td>3,558 3,806</td><td>995 10</td><td>847 3,091</td><td>115 54</td><td>47 100</td><td>30 31</td><td>751 120</td><td>45 18</td><td>4 2</td><td>369 68</td><td>117 182</td><td>238 130</td></tr><tr><td>10/4/54</td><td>1-5/8% Note 5/15/57-B</td><td>4,155</td><td>-</td><td>12</td><td>2,718</td><td>141</td><td>98</td><td>70</td><td>497</td><td>69</td><td>2</td><td>87</td><td>344</td><td>117</td></tr><tr><td>12/15/54</td><td>1-1/8% Cert. 1-1/4% Cert. 2-1/2% Bond 3/15/56-A 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 37</td><td>*</td><td>6 311 11</td><td>6 120 240</td><td>34 284 144</td></tr><tr><td>2/15/55</td><td>1-5/8% Note 2% Note 3/8% Bond 2/15/95</td><td>-</td><td>8,472 3,792 1,924</td><td>4,012 1 1</td><td>2,385 2,704 1,190</td><td>112 69 70</td><td>63 123 130</td><td>15 43 44</td><td>1,065 329 84</td><td>36 3 10</td><td>*</td><td>308 128 23</td><td>256 232 354</td><td>220 160 17</td></tr><tr><td>4/1/55</td><td>1-3/8% Cert. 6/22/55-F 8/</td><td>3,210</td><td>-</td><td>-</td><td>1,914</td><td>24</td><td>39</td><td>4</td><td>1,009</td><td>1</td><td>*</td><td>55</td><td>135</td><td>29</td></tr><tr><td>5/17/55</td><td>2% Note 8/15/56-B</td><td>2,532</td><td>-</td><td>-</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</td><td>101 134</td></tr><tr><td>7/20/55</td><td>1-7/8% Cert. 2/15/95 9/</td><td>2,202</td><td>-</td><td>25</td><td>1,047</td><td>37</td><td>17</td><td>1</td><td>988</td><td>1</td><td>1</td><td>45</td><td>36</td><td>29</td></tr><tr><td>8/1/55</td><td>2% Bond 2% Note 6/22/56-B 8/15/56-B 2/</td><td>821</td><td>1,486 6,841</td><td>-</td><td>216 387 400</td><td>21 29 64</td><td>119 21 32</td><td>105 10 9</td><td>33 666 205</td><td>110 5 31</td><td>59 2 3</td><td>20 96 151</td><td>53 222 7</td><td>60 48 185</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</td><td>42</td></tr><tr><td>12/1/55</td><td>2-5/8% Cert. 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>23 62</td><td>16 37</td><td>998 478</td><td>4 24</td><td>2 1</td><td>342 261</td><td>240 137</td><td>234 131</td></tr><tr><td>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><td>n.a.</td></tr><tr><td>3/5/56</td><td>2-5/8% Cert. 2-7/8% Note 6/15/58-A 2/</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</td><td>288 140</td></tr><tr><td>7/16/56</td><td>2-3/4% Note 8/1/57-D</td><td>-</td><td>12,056</td><td>8,078</td><td>1,234</td><td>140</td><td>67</td><td>22</td><td>1,313</td><td>20</td><td>19</td><td>680</td><td>57</td><td>426</td></tr><tr><td>8/15/56</td><td>2-3/4% Cert. 3/22/57-B 8/</td><td>3,221</td><td>-</td><td>-</td><td>2,175</td><td>24</td><td>10</td><td>5</td><td>947</td><td>1</td><td>-</td><td>29</td><td>18</td><td>12</td></tr><tr><td>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><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><td>n.a.</td></tr><tr><td>12/1/56</td><td>3-1/4% Cert. 6/24/57-C 8/ 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 23</td><td>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><td>n.a.</td></tr><tr><td>1/16/57</td><td>3.305% Bill 6/24/57 8/ 3.231% Bill 6/24/57 8/</td><td>1,601 10/ 1,750 10/</td><td>-</td><td>n.a. n.a.</td><td>700 855</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td><td>n.a. n.a.</td></tr><tr><td>2/15/57</td><td>3-3/8% Cert. 2/14/58-A 3-1/2% Note 5/15/60-A</td><td>-</td><td>8,414 1,464</td><td>5,708 131</td><td>1,159 725</td><td>116 21</td><td>48 47</td><td>26 31</td><td>573 114</td><td>49 14</td><td>1 2</td><td>448 64</td><td>168 205</td><td>118 110</td></tr></table>
Footnotes at end of table.
(Continued on following page)
40
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 colspan="3">Issue</th><th colspan="12">Allotments by investor classes</th></tr><tr><th>Date of financing</th><th>Description of security</th><th>Amount issued</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 5/ Pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers 6/</th><th>All other</th></tr><tr><th></th><th></th><th>For cash</th><th>In exchange for other securities</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>3/28/57</td><td>3-3/8% Cert. 3-1/2% Note 2/14/58-A 5/15/60-A 9/</td><td>2,437 942</td><td>*</td><td>2,361 786</td><td>20 19</td><td>2 4</td><td>2 4</td><td>33 12</td><td>1 2</td><td>*</td><td>1 2</td><td>3 7</td><td>14 6</td></tr><tr><td>5/1/57</td><td>3-1/2% Cert. 3-5/8% Note 2/15/62-A</td><td>-</td><td>2,351 647</td><td>112 365</td><td>1,042 166</td><td>25 3</td><td>62 14</td><td>14 3</td><td>487 45</td><td>42 1</td><td>*</td><td>272 9</td><td>91 29</td><td>204 12</td></tr><tr><td>5/27/57</td><td>2.825% Bill</td><td>1,501</td><td>-</td><td>n.a.</td><td>1,461</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>7/3/57</td><td>3.485% Bill</td><td>3,002</td><td>-</td><td>n.a.</td><td>2,955</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>8/1/57</td><td>3-5/8% Cert. 4% Cert. 4% Note 8/1/61-A</td><td>100 11/ 100 11/ 100 11/</td><td>9,871 10,487 2,509</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>77 409 222</td></tr><tr><td>8/21/57</td><td>4.173% Bill</td><td>1,751</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><td>n.a.</td></tr><tr><td>9/26/57</td><td>4% Cert. 8/15/62-B</td><td>933</td><td>-</td><td>100</td><td>756</td><td>23 93</td><td>2 31</td><td>1 50</td><td>22 49</td><td>2 5</td><td>*</td><td>10 2</td><td>2 175</td><td>15 39</td></tr><tr><td>10/1/57</td><td>4% Bond 10/1/69</td><td>657</td><td>-</td><td>100</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>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>-</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 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>2/14/58</td><td>2-1/2% Cert. 3% Bond 2/15/64</td><td>-</td><td>9,770 3,854 1,727</td><td>5,752 48 82</td><td>1,404 2,780 520</td><td>171 81 87</td><td>70 52 176</td><td>18 42 68</td><td>1,095 163 113</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 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>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 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 8/1/59-C</td><td>-</td><td>1,817 7,388</td><td>92 355</td><td>571 4,031</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.</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>8/6/58</td><td>1-1/2% Cert. 3/24/59-D 8/</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 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 11/15/59-8</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 6/22/59 8/</td><td>2,997</td><td>-</td><td>n.a.</td><td>2,871</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>12/1/58</td><td>3-3/8% Cert. 3-5/8% Note 5/15/61-B</td><td>-</td><td>7,711 4,078</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 1</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 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 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. 2/15/60-A 4% Note 2/15/62-D</td><td>-</td><td>11,363 1,435</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 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 9/21/59 8/</td><td>1,502</td><td>-</td><td>n.a.</td><td>1,443</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>4/1/59</td><td>4% Note 5/15/63-B 4% Bond 10/1/69 3,386% Bill 1/15/60</td><td>1,743 619 2,006</td><td>-</td><td>100 50 n.a.</td><td>1,331 335 n.a.</td><td>61 26 n.a.</td><td>17 35 n.a.</td><td>28 25 n.a.</td><td>52 26 n.a.</td><td>11 15 n.a.</td><td>1 12 n.a.</td><td>5 4 n.a.</td><td>79 37 n.a.</td><td>58 54 n.a.</td></tr><tr><td>5/11/59</td><td>3.835% Bill 4/15/60</td><td>2,003</td><td>-</td><td>-</td><td>1,952</td><td>8</td><td>2</td><td>-</td><td>9</td><td>*</td><td>*</td><td>28</td><td>1</td><td>3</td></tr><tr><td>5/15/59</td><td>3.565% Bill 12/22/59 8/ 5% Cert. 5/15/60-B</td><td>1,500</td><td>-</td><td>1,269</td><td>539 367</td><td>14 33</td><td>4</td><td>15</td><td>227 266</td><td>14</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 3/22/60 8/</td><td>3,005</td><td>-</td><td>-</td><td>2,969</td><td>11</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>4.728% Bill 7/15/60</td><td>2,001</td><td>-</td><td>-</td><td>1,981</td><td>5</td><td>*</td><td>*</td><td>5</td><td>1</td><td>*</td><td>5</td><td>*</td><td>4</td></tr><tr><td>7/20/59</td><td>4-3/4% Note 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 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 3/22/60 8/ 9/</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 8/15/64-8</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 6/22/60 8/</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>-</td><td>7,037 3,011</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 7</td><td>171 76</td><td>164 315</td><td>143 216</td></tr><tr><td>12/2/59</td><td>4.860% Bill 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 5/15/64-A 9/</td><td>3</td><td>747</td><td>2</td><td>222</td><td>235</td><td>67</td><td>33</td><td>35</td><td>28</td><td>42</td><td>17</td><td>1</td><td>68</td></tr><tr><td>1/8/60</td><td>4.726% Bill 6/22/60 8/ 9/</td><td>2,016</td><td>-</td><td>-</td><td>1,996</td><td>7</td><td>1</td><td>-</td><td>8</td><td>*</td><td>-</td><td>2</td><td>-</td><td>2</td></tr></table>
Footnotes on following page.
(Continued on following page)
October 1961
41
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">Issue</th><th colspan="9">Allotments by investor classes</th></tr><tr><th>Amount issued 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 4/</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 5/ Pension and retirement funds</th><th>Dealers and brokers 6/</th><th>All other 6/</th></tr><tr><td>1/15/60</td><td>5.067% Bill 1/15/61</td><td>1,504 12/</td><td>-</td><td>118</td><td>567</td><td>174</td><td>7</td><td>10</td><td>131</td><td>5</td><td>2</td><td>21</td><td>294</td><td>175</td></tr><tr><td>2/15/60</td><td>4-7/8% Cert. 2/15/61-A 4-7/8% Note 11/15/64-C</td><td>-</td><td>6,938 4,195</td><td>3,656 2,031</td><td>1,039 1,207</td><td>132 120</td><td>104 107</td><td>30 56</td><td>1,121 180</td><td>43 26</td><td>4 35</td><td>397 43</td><td>111 259</td><td>301 131</td></tr><tr><td>4/5/60</td><td>4-1/4% Bond 5/15/75-85</td><td>470</td><td>-</td><td>100</td><td>87</td><td>25</td><td>8</td><td>33</td><td>7</td><td>20</td><td>92</td><td>16</td><td>59</td><td>23</td></tr><tr><td>4/14/60</td><td>4% Note 5/15/62-E</td><td>2,211</td><td>-</td><td>27</td><td>1,616</td><td>76</td><td>13</td><td>33</td><td>76</td><td>10</td><td>7</td><td>18</td><td>168</td><td>167</td></tr><tr><td>4/15/60</td><td>4.608% Bill 4/15/61</td><td>2,001 12/</td><td>-</td><td>235</td><td>1,069</td><td>18</td><td>1</td><td>2</td><td>165</td><td>1</td><td>*</td><td>17</td><td>4,02</td><td>91</td></tr><tr><td>5/15/60</td><td>4-3/8% Cert. 5/15/61-B 4-5/8% Note 5/15/65-A</td><td>-</td><td>3,674 2,113</td><td>198 215</td><td>1,262 1,063</td><td>156 79</td><td>92 107</td><td>44 100</td><td>774 127</td><td>61 24</td><td>2 14</td><td>357 74</td><td>270 186</td><td>458 124</td></tr><tr><td>6/23/60</td><td>3-3/4% Note 5/15/64-D 3-7/8% Bond 5/15/68</td><td>-</td><td>3,893 320</td><td>79 57</td><td>2,582 102</td><td>130 18</td><td>180 24</td><td>65 6</td><td>213 15</td><td>33 8</td><td>16 23</td><td>171 31</td><td>144 16</td><td>280 20</td></tr><tr><td>7/13/60</td><td>2.823% Bill 3/22/61 8/</td><td>3,512</td><td>-</td><td>-</td><td>3,476</td><td>10</td><td>2</td><td>-</td><td>14</td><td>2</td><td>-</td><td>7</td><td>*</td><td>1</td></tr><tr><td>7/15/60</td><td>3.265% Bill 7/15/61 3-1/8% Cert. 8/1/61-C 3-7/8% Bond 5/15/68 9/</td><td>1,501 12/ 2,078 1,042</td><td>5,751 28</td><td>236 5,541 25</td><td>612 797 544</td><td>31 83 61</td><td>6 14 78</td><td>3 25 90</td><td>117 385 38</td><td>1 16 19</td><td>1 26 17</td><td>90 600 17</td><td>290 117 88</td><td>114 225 93</td></tr><tr><td>10/3/60</td><td>3-1/2% Bond 11/15/80 3-1/2% Bond 2/15/90 9/ 3-1/2% Bond 11/15/98</td><td>-</td><td>643 993 2,343</td><td>131 216 236</td><td>96 54 117</td><td>26 23 71</td><td>146 253 691</td><td>86 172 565</td><td>17 7 31</td><td>9 18 39</td><td>20 50 222</td><td>31 70 174</td><td>24 65 65</td><td>57 65 132</td></tr><tr><td>10/17/60</td><td>3.131% Bill 10/16/61</td><td>1,502 12/</td><td>-</td><td>82</td><td>723</td><td>18</td><td>7</td><td>3</td><td>182</td><td>2</td><td>*</td><td>28</td><td>334</td><td>123</td></tr><tr><td>10/21/60</td><td>2.788% Bill 6/22/61 8/</td><td>3,504</td><td>-</td><td>-</td><td>3,463</td><td>7</td><td>2</td><td>-</td><td>5</td><td>5</td><td>-</td><td>2</td><td>1</td><td>19</td></tr><tr><td>11/15/60</td><td>3-1/4% Note 2/15/62-F 3-3/4% Bond 5/15/66</td><td>-</td><td>9,098 1,213</td><td>5,102 6</td><td>1,698 821</td><td>125 23</td><td>84 40</td><td>40 35</td><td>971 33</td><td>35 4</td><td>2 5</td><td>429 48</td><td>357 126</td><td>255 72</td></tr><tr><td>12/15/60</td><td>4% Bond 10/1/69 9/</td><td>-</td><td>148</td><td>*</td><td>2</td><td>80</td><td>9</td><td>4</td><td>15</td><td>3</td><td>6</td><td>6</td><td>*</td><td>23</td></tr><tr><td>1/15/61</td><td>2.679% Bill 1/15/62</td><td>1,502 12/</td><td>-</td><td>203</td><td>651</td><td>28</td><td>1</td><td>3</td><td>97</td><td>*</td><td>1</td><td>20</td><td>4,06</td><td>92</td></tr><tr><td>2/15/61</td><td>3-1/4% Note 8/15/62-G 13/</td><td>3,655</td><td>3,670</td><td>3,605</td><td>1,518</td><td>120</td><td>51</td><td>111</td><td>478</td><td>36</td><td>14</td><td>561</td><td>388</td><td>443</td></tr><tr><td>3/15/61</td><td>3-3/8% Bond 11/15/66 3-5/8% Bond 11/15/67</td><td>-</td><td>2,438p 3,604p</td><td>39 560</td><td>1,714 1,664</td><td>53 120</td><td>119 209</td><td>38 112</td><td>71 114</td><td>20 21</td><td>20 34</td><td>88 214</td><td>126 198</td><td>150 358</td></tr><tr><td>4/3/61</td><td>2.473% Bill 9/22/61 8/</td><td>1,503</td><td>-</td><td>-</td><td>1,492</td><td>2</td><td>1</td><td>-</td><td>2</td><td>*</td><td>-</td><td>1</td><td>-</td><td>5</td></tr><tr><td>4/15/61</td><td>2.827% Bill 4/15/62 3% Cert. 5/15/62-A 13/ 3-1/4% Note 5/15/63-D</td><td>2,000 12/ 3,728p 1,903p</td><td>1,781 850</td><td>326 1,818 837</td><td>896 2,004 907</td><td>17 72 81</td><td>9 75 33</td><td>9 59 54</td><td>90 419 157</td><td>1 35 12</td><td>8 6 3</td><td>49 414 343</td><td>448 257 129</td><td>147 350 197</td></tr><tr><td>5/15/61</td><td>2.308% Bill 8/3/61- 11/30/61 14/</td><td>1,802</td><td>-</td><td>-</td><td>1,792</td><td>2</td><td>*</td><td>-</td><td>5</td><td>*</td><td>-</td><td>1</td><td>-</td><td>2</td></tr><tr><td>6/14/61</td><td>2.908% Bill 7/15/62</td><td>2,004 12/</td><td>-</td><td>75</td><td>917</td><td>21</td><td>9</td><td>7</td><td>198</td><td>9</td><td>*</td><td>86</td><td>536</td><td>146</td></tr><tr><td>7/26/61</td><td>2.483% Bill 3/23/62 8/</td><td>3,503</td><td>-</td><td>-</td><td>3,472</td><td>10</td><td>2</td><td>-</td><td>8</td><td>1</td><td>-</td><td>2</td><td>*</td><td>7</td></tr><tr><td>8/1/61</td><td>3-1/4% Note 11/15/62-H 3-3/4% Note 8/15/64-E 3-7/8% Bond 5/15/68 9/</td><td>-</td><td>6,082p 5,019p 746p</td><td>3,386 1,600 58</td><td>1,241 2,203 306</td><td>107 92 45</td><td>77 64 32</td><td>28 55 29</td><td>382 145 16</td><td>17 12 7</td><td>1 5 9</td><td>407 100 21</td><td>169 441 169</td><td>267 302 54</td></tr><tr><td>9/15/61</td><td>3-1/2% Bond 11/15/80 3-1/2% Bond 2/15/90 9/ 3-1/2% Bond 11/15/98</td><td>-</td><td>1,274p 1,296p 1,187p</td><td>480 161 290</td><td>63 80 49</td><td>34 23 27</td><td>365 535 448</td><td>73 190 95</td><td>8 10 5</td><td>13 17 3</td><td>64 120 94</td><td>94 66 64</td><td>8 33 91</td><td>72 61 21</td></tr><tr><td>9/27/61</td><td>2.705% Bill 6/22/62 8/</td><td>2,511p</td><td>-</td><td>-</td><td>2,493</td><td>7</td><td>1</td><td>*</td><td>3</td><td>*</td><td>-</td><td>3</td><td>-</td><td>4</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/ Exclusive of banks and insurance companies.
5/ Consolates 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 bills maturing January 16, 1957, and February 15, 1957, respectively.
11/ Issued in special allotment to Government investment accounts.
12/ Issued as a rollover of one-year bills.
13/ Offerings of these securities, subject to allotment were made for the purpose of paying off maturing securities in cash. Holders of the maturing securities were not offered preemptive rights to exchange their holdings for the new issues but were permitted to present them in payment, in whole or in part in cash or by exchange.
14/ For further details see applicable footnotes to Table 4.
* Less than $500,000.
p Preliminary.
n.a. Not available.
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Due of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of exchange offers</th><th>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 colspan="9">(In millions of dollars)</td></tr><tr><td>1/15/53</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>134</td><td>2-1/4% Certificate - 2/15/54-A 2-1/2% Bond - 12/15/58</td></tr><tr><td>1/15/53</td><td>1.72% Bill - 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>6/1/54</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>1/19/53</td><td>Total</td><td></td><td>5,688</td><td>-</td><td>5,688</td><td>4,858</td><td>829</td><td></td></tr><tr><td>1/19/53</td><td>1.846% Bill - 6/19/53</td><td>11/21/52</td><td>2,003</td><td>2,003 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/15/53</td><td>2% Certificate - 8/15/53-</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>.383% Bill - 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>2/1/53</td><td>2-1/8% Note - 12/1/53-A</td><td>10/1/52</td><td>10,542</td><td>500 4/</td><td>10,042</td><td>8,175 1,748</td><td>118</td><td>1-7/8% Note - 12/15/54-B 2-1/2% Bond - 12/15/58 2/</td></tr><tr><td>2/15/54</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>2/15/54</td><td>2% Bond - 6/15/52-54 2-1/4% Bond - 6/15/52-55 2-1/4% Bond - 6/15/54-56</td><td>6/26/44 2/25/42 7/22/40</td><td>5,825 1,501 681</td><td>-</td><td>5,825 1,501 681</td><td>4,083 6/ 1,128 8/ 369 6/</td><td>-</td><td>2-1/2% Bond - 11/15/61</td></tr><tr><td>2/15/54</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 - 3/2/54-C</td><td>7/15/53</td><td>5,902</td><td>5,902 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/22/54</td><td>2% Bond - 6/15/52-54 2-1/4% Bond - 6/15/52-55 2-1/4% Bond - 6/15/54-56</td><td>6/26/44 2/25/42 7/22/40</td><td>1,743 373 311</td><td>-</td><td>1,743 373 311</td><td>1,505 322 273</td><td>238 51 38</td><td>1-1/8% Certificate - 5/17/55-B 1-7/8% Note - 2/15/59-A</td></tr><tr><td>3/22/54</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>3,886 of 1-1/8% Certificate 2,897 of 1-7/8% Note</td></tr><tr><td>3/22/54</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% Bill - 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>6/24/54</td><td>.956% Bill - 6/24/54</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>8/15/54</td><td>2-5/8% Certificate - 8/15/54-D</td><td>8/15/53</td><td>2,788</td><td>-</td><td>2,788</td><td>1,005 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>8/15/54</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>11/1/54</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>11/1/54</td><td>2% Bond - 12/15/52-54</td><td>12/1/44</td><td>8,662</td><td>-</td><td>8,662</td><td>407 1,983 6,028</td><td>243</td><td>1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63</td></tr><tr><td>11/1/54</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>11/1/54</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>1/15/55</td><td>1-5/8% Certificate - 1/15/55-A</td><td>2/1/54</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>1/15/55</td><td>1-1/4% Note - 3/15/55-A</td><td>3/15/50</td><td>5,365</td><td>-</td><td>5,365</td><td>2,414 2,626</td><td>326</td><td>1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C</td></tr><tr><td>1/15/55</td><td>2-7/8% Bond - 3/15/55-60</td><td>3/15/35</td><td>2,611</td><td>-</td><td>2,611</td><td>323 1,924</td><td>364</td><td>1-5/8% Note - 3/15/56-A 3% Bond - 2/1/79</td></tr><tr><td>1/15/55</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>2/15/55</td><td>1% Certificate - 2/2/55-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>2/15/55</td><td>1-1/8% Certificate - 1/17/55-B</td><td>5/1/54</td><td>3,886</td><td>-</td><td>3,886</td><td>3,174</td><td>712</td><td>2% Note - 8/15/56-B</td></tr><tr><td>2/15/55</td><td>1-3/8% Certificate - 6/2/55-F</td><td>1/1/55</td><td>3,21</td><td>3,210 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>9/1/55</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 8% Note - 8/15/56-B</td></tr></table>
(Continued on following page)
* Yes at end of table.
October 1961
43
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="2">Disposition offers by Treasury</th><th colspan="2">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>4,158 814</td><td>387</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</td></tr><tr><td>1-3/4% Note - 12/15/55-B</td><td>12/15/50</td><td>6,854</td><td>-</td><td>6,854</td><td>4,925 1,469</td><td>460</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</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="2">3/5/56</td><td>1-5/8% Note - 3/15/56-A</td><td>2/15/55</td><td>8,472</td><td>-</td><td>8,472</td><td>6,215 2,109</td><td>148</td><td>2-5/8% Certificate - 2/15/57-A 2-7/8% Note - 6/15/58-A</td></tr><tr><td>1-1/2% Note - 4/1/56-EA</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></td><td>Total</td><td></td><td>9,479</td><td>-</td><td>9,479</td><td>9,328</td><td>151</td><td>7,219 of 2-5/8% Certificate 2,109 of 2-7/8% Note 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 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/23/56</td><td>2.465% Bill - 3/23/56</td><td>12/55/55</td><td>1,501</td><td>1,501 2/</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 2/</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-EO</td><td>5/17/55 10/1/51</td><td>12,547 550</td><td>159 11/</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></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>9/15/56</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>12/1/56</td><td>2-5/8% Certificate - 12/1/56-D</td><td>12/1/55</td><td>9,083</td><td>-</td><td>9,083</td><td>1,312 7,271</td><td>500</td><td>3-1/4% Certificate - 6/24/57-C 12/ 3-1/4% Certificate - 10/1/57-D</td></tr><tr><td>1/16/57</td><td>2.627% Bill - 1/16/57</td><td>10/17/56</td><td>1,603</td><td>1,603 13/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>2/15/57</td><td>2.617% Bill - 2/15/57</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 rowspan="3">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>2-7/8% 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>1-1/2% Note - 4/1/57-EA</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 8,414 of 3-3/8% Certificate 1,464 of 3-1/2% Note</td></tr><tr><td></td><td>Total</td><td></td><td>10,747</td><td>-</td><td>10,747</td><td>9,878</td><td>870</td><td></td></tr><tr><td>3/22/57</td><td>2.585% Bill - 3/22/57</td><td>12/17/56</td><td>1,006</td><td>1,006 3/</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 - 2/15/62-A</td></tr><tr><td>6/24/57</td><td>3.305% Bill - 6/24/57</td><td>1/16/57</td><td>1,601</td><td>1,601 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/24/57</td><td>3.231% Bill - 6/24/57</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 rowspan="3">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 1,039</td><td>342</td><td>3-5/8% Certificate - 12/1/57-E 4% Certificate - 8/1/58-C Note - 8/1/61-A</td></tr><tr><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 Note - 8/1/61-A</td></tr><tr><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-D Note - 8/1/61-A</td></tr><tr><td></td><td>1-1/2% Note - 10/1/57-EO</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 Note - 8/1/61-A</td></tr><tr><td></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 - 9/23/57</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)
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Refunding or retirement</th><th>Called or maturing security</th><th>Issue date</th><th>Amount outstanding</th><th colspan="2">Dispositions offered by Treasury</th><th colspan="2">Results of exchange offers</th><th>Turned in for cash</th><th>Description of new security offered (See also Table 4)</th></tr><tr><th></th><th>Description</th><th></th><th></th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash</th><th></th><th></th></tr><tr><td rowspan="5">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>2-1/4% Certificate - 2/14/59-A 3% Bond 3-1/2% Bond</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>343 350</td><td>164</td><td>1-1/2% Certificate - 1/1/59-A 3% Bond 3-1/2% Bond</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>194 25</td><td>49</td><td>2-1/4% Certificate - 2/14/59-A 1% Bond 2-1/2% Certificate - 2/14/59-A</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 76</td><td>607</td><td>2-1/2% Certificate - 2/14/59-A 3% Bond 3-1/2% Bond</td></tr><tr><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 3-1/2% Bond</td></tr><tr><td colspan="4">Total</td><td>-</td><td>16,785</td><td>15,351</td><td>1,433</td><td>9,770 of 2-1/4% Certificate 3,854 of 3% Bond 1,727 of 3-1/2% Bond</td></tr><tr><td>7/24/58</td><td>3-485% Bill - 3/24/58</td><td>7/3/57</td><td>3,002</td><td>3,002 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><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 - 5/15/59-B 2-5/8% Bond</td></tr><tr><td>6/15/58</td><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</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>143</td><td>1-1/4% Certificate - 5/15/59-B 2-5/8% Bond</td></tr><tr><td colspan="4">Total</td><td>-</td><td>9,555</td><td>9,204</td><td>351</td><td>1,817 of 1-1/4% Certificate 7,383 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 14/</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 14/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/1/58</td><td>4% Certificate - 8/1/58-C</td><td>8/1/57</td><td>11,519</td><td>-</td><td>11,519</td><td>10,634</td><td>885</td><td>1-5/8% Certificate - 8/1/59-</td></tr><tr><td>2-1/4% Bond - 9/15/56-59 15</td><td>1/1/44</td><td>3,818</td><td>-</td><td>3,818</td><td>2,266</td><td>1,612</td><td></td></tr><tr><td>2-3/8% Bond - 3/15/57-59 15</td><td>3/1/52</td><td>927</td><td>-</td><td>927</td><td>660</td><td>267</td><td></td></tr><tr><td colspan="4">Total</td><td>-</td><td>16,264</td><td>13,500</td><td>2,764</td><td></td></tr><tr><td>10/1/58</td><td>1-1/4% Note - 10/1/58-BO</td><td>10/1/53</td><td>121</td><td>121</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>1-3/4% Certificate - 1-1/58-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</td></tr><tr><td>1-1/2% Bond - 1-15/58</td><td>4/15/53</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</td></tr><tr><td colspan="4">Total</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>2/15/59</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</td></tr><tr><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</td></tr><tr><td colspan="4">Total</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 3/</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>1/15/59</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>1/22/59</td><td>2-399% Bill - 6/22/59</td><td>11/20/58</td><td>1,997</td><td>2,947 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>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>4-3/4% Note - 8/15/60-A 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 colspan="4">Total</td><td>-</td><td>13,973</td><td>13,745</td><td>228</td><td>9,561 of Note 4,184 of Note</td></tr><tr><td>1/59</td><td>3-23% Bill - 9/21/59</td><td>2/16/59</td><td>1,502</td><td>1,502 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>1-1/4% Note - 10/1/59-BO</td><td>10/1/54</td><td>99</td><td>99</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
October 1961
45
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 colspan="2">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><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>6,534 871</td><td>306</td><td rowspan="4">4-3/4% Certificate - 11/15/60-C<br>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>504 457</td><td>223</td></tr><tr><td>Total maturities</td><td></td><td>8,894</td><td>-</td><td>8,894</td><td>8,365</td><td>529</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>1,684 17</td><td>-</td><td>4-7/8% Note - 11/15/63-C</td></tr><tr><td>Total</td><td></td><td>10,895</td><td>-</td><td>10,895</td><td>10,049</td><td>529</td><td>7,037 of 4-3/4% Certificate<br>3,011 of 4-7/8% Note</td></tr><tr><td rowspan="2">12/22/59<br>1/15/60</td><td>3.565% Bill - 12/22/59</td><td>5/15/59</td><td>1,500</td><td>1,500 3/</td><td>-</td><td>-</td><td>-</td><td rowspan="2"></td></tr><tr><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></tr><tr><td rowspan="3">2/15/60</td><td>3-3/4% Certificate - 2/15/60-A</td><td>2/15/59</td><td>11,363</td><td>-</td><td>11,363</td><td>6,829 4,163</td><td>370</td><td>4-7/8% Certificate - 2/15/61-A<br>4-7/8% Note - 11/15/64-C</td></tr><tr><td>1-1/2% Note - 4/1/60-EA</td><td>4/1/55</td><td>198</td><td>-</td><td>198</td><td>109 32</td><td>57</td><td>4-7/8% Certificate - 2/15/61-A<br>4-7/8% Note - 11/15/64-C</td></tr><tr><td>Total</td><td></td><td>11,561</td><td>-</td><td>11,561</td><td>11,134</td><td>427</td><td>6,938 of 4-7/8% Certificate<br>4,195 of 4-7/8% Note</td></tr><tr><td>2/15/60</td><td>4% Note - 8/15/62-B</td><td>9/26/57</td><td>159 19/</td><td>159</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/22/60</td><td>4.075% Bill - 3/22/60</td><td>7/8/59</td><td>3,005</td><td>3,005 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3.719% Bill - 3/22/60</td><td>7/8/59</td><td>999</td><td>999 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4/1/60</td><td>1-1/2% Note - 4/1/60-EA</td><td>4/1/55</td><td>57</td><td>57</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4/15/60</td><td>3.835% Bill - 4/15/60</td><td>5/11/59</td><td>2,003</td><td>2,003 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="3">5/15/60</td><td>4% Certificate - 5/15/60-B</td><td>5/15/59</td><td>1,269</td><td>-</td><td>1,269</td><td>928 243</td><td>98</td><td>4-3/8% Certificate - 5/15/61-B<br>4-5/8% Note - 5/15/65-A</td></tr><tr><td>3-1/2% Note - 5/15/60-A</td><td>2/15/57</td><td>2,406</td><td>-</td><td>2,406</td><td>1,038 1,086</td><td>282</td><td>4-3/8% Certificate - 5/15/61-B<br>4-5/8% Note - 5/15/65-A</td></tr><tr><td>3-1/4% Note - 5/15/60-B</td><td>1/21/59</td><td>2,738</td><td>-</td><td>2,738</td><td>1,708 784</td><td>246</td><td>4-3/8% Certificate - 5/15/61-B<br>4-5/8% Note - 5/15/65-A</td></tr><tr><td>Total</td><td></td><td>6,413</td><td>-</td><td>6,413</td><td>5,787</td><td>626</td><td>3,674 of 4-3/8% Certificate<br>2,113 of 4-5/8% Note</td></tr><tr><td>6/22/60</td><td>4.783% Bill - 6/22/60</td><td>10/21/59</td><td>2,002</td><td>2,002 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4.726% Bill - 6/22/60</td><td>10/21/59</td><td>2,016</td><td>2,016 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/23/60 20/</td><td>2-1/2% Bond - 11/15/61</td><td>2/15/54</td><td>11,177</td><td>-</td><td>3,500 21/</td><td>3,893 320</td><td>-</td><td>3-3/4% Note - 5/15/64-D<br>3-7/8% Bond - 5/15/68</td></tr><tr><td>7/15/60</td><td>4.728% Bill - 7/15/60</td><td>7/15/59</td><td>2,001</td><td>2,001 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/15/60</td><td>4-3/4% Note - 8/15/60-C</td><td>8/1/59</td><td>9,561</td><td>9,561 22/</td><td>-</td><td>5,751 28</td><td>3,781 23/</td><td>3-1/8% Certificate - 8/1/61-C<br>3-7/8% Bond - 5/15/68 24/</td></tr><tr><td>10/1/60</td><td>1-1/2% Note - 10/1/60-E0</td><td>10/1/55</td><td>278</td><td>278</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">10/3/60 20/</td><td>2-1/2% Bond - 6/15/62-67</td><td>5/5/42</td><td>2,109</td><td>-</td><td>2,109 25/</td><td>643 993</td><td>-</td><td>3-1/2% Bond - 11/15/80</td></tr><tr><td>2-1/2% Bond - 12/15/63-68</td><td>12/1/42</td><td>2,815</td><td>-</td><td>4,500 25/</td><td>2,343</td><td>-</td><td>3-1/2% Bond - 2/15/90 24/</td></tr><tr><td>2-1/2% Bond - 6/15/64-69</td><td>4/15/43</td><td>3,737</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3-1/2% Bond - 11/15/98</td></tr><tr><td>2-1/2% Bond - 12/15/64-69</td><td>9/15/43</td><td>3,811</td><td>-</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>Total</td><td></td><td>12,473</td><td>-</td><td>6,609</td><td>3,979</td><td>-</td><td></td></tr><tr><td>10/17/60</td><td>4.860% Bill - 10/17/60</td><td>12/2/59</td><td>2,007</td><td>2,007 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>11/15/60</td><td>4-3/4% Certificate - 11/15/60-C</td><td>11/15/59</td><td>7,037</td><td>-</td><td>7,037</td><td>6,431 335</td><td>271</td><td>3-1/4% Note - 2/15/62-F<br>3-3/4% Bond - 5/15/66</td></tr><tr><td>2-1/8% Bond - 11/15/60</td><td>8/15/54</td><td>3,806</td><td>-</td><td>3,806</td><td>2,667 878</td><td>262</td><td>3-1/4% Note - 2/15/62-F<br>3-3/4% Bond - 5/15/66</td></tr><tr><td>Total</td><td></td><td>10,844</td><td>-</td><td>10,844</td><td>10,311</td><td>533</td><td>9,098 of 3-1/4% Note<br>1,213 of 3-3/4% Bond</td></tr><tr><td>1/15/61</td><td>5.067% Bill - 1/15/61</td><td>1/15/60</td><td>1,504</td><td>1,504 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>2/15/61</td><td>4-7/8% Certificate - 2/15/61</td><td>2/15/60</td><td>6,938</td><td>6,938 26/</td><td>-</td><td>3,670</td><td>3,268 27/</td><td>3-1/4% Note - 8/15/62-G</td></tr><tr><td rowspan="4">3/15/61 20/</td><td>2-1/4% Bond - 6/15/59-62</td><td>6/1/45</td><td>5,262</td><td>-</td><td>5,000 28/</td><td>1,292p<br>1,180p</td><td>-</td><td>3-5/8% Bond - 11/15/67</td></tr><tr><td>2-1/4% Bond - 12/15/59-62</td><td>11/15/45</td><td>3,449</td><td>-</td><td>3,000 28/</td><td>1,131p<br>2,438p</td><td>-</td><td>3-3/8% Bond - 11/15/66</td></tr><tr><td>2-5/8% Note - 2/15/63-A</td><td>4/15/58</td><td>3,971</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,438p of 3-3/8% Bond<br>3,604p of 3-5/8% Bond</td></tr><tr><td>2-1/2% Bond - 8/15/63</td><td>12/15/54</td><td>6,755</td><td>-</td><td>8,000</td><td>6,041p</td><td>-</td><td></td></tr><tr><td>Total</td><td></td><td>19,436</td><td>-</td><td>8,000</td><td>6,041p</td><td>-</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
46
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="2">Disposition offers by Treasury</th><th colspan="2">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>1/22/61</td><td>2.823% Bill - 3/22/61</td><td>7/13/60</td><td>3,512</td><td>3,512 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4/1/61</td><td>1-1/2% Note - 4/1/61-EA</td><td>4/1/56</td><td>144</td><td>144</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4/15/61</td><td>4.608% Bill - 4/15/61</td><td>4/15/60</td><td>2,001</td><td>2,001 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>4-3/8% Certificate - 5/15/61-B</td><td>5/15/60</td><td>3,674</td><td>3,674</td><td>-</td><td>54 22</td><td>3,599</td><td>3% Certificate - 5/15/62-A</td></tr><tr><td>5/15/61</td><td>3-5/8% Note - 5/15/61-B</td><td>12/1/58</td><td>4,078</td><td>4,078</td><td>-</td><td>1,727 829</td><td>1,523</td><td>3% Certificate - 5/15/62-A</td></tr><tr><td></td><td>Total</td><td></td><td>7,753</td><td>7,753 29/</td><td>-</td><td>2,631</td><td>5,122 20/</td><td>3-1/4% Note - 5/15/63-D</td></tr><tr><td>6/1/61</td><td>3% Bond (Panama Canal loan) 6/1/61</td><td>6/1/11</td><td>50</td><td>50</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/61</td><td>2.782% Bill - 6/22/61</td><td>10/21/60</td><td>3,504</td><td>3,504 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>7/15/61</td><td>3.265% Bill - 7/15/61</td><td>7/15/60</td><td>1,501</td><td>1,501 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>3-1/8% Certificate - 8/1/61-C</td><td>8/15/60</td><td>7,829</td><td>-</td><td>7,829</td><td>4,560p 3,049p 131p</td><td>88p</td><td>3-1/4% Note - 11/15/62-H 3-3/4% Note - 8/15/64-E 3-7/8% Bond - 5/15/68</td></tr><tr><td></td><td>4% Note - 8/1/61-A</td><td>8/1/57</td><td>2,136</td><td>-</td><td>2,136</td><td>658p 991p 289p</td><td>198 p</td><td>3-1/4% Note - 11/15/62-H 3-3/4% Note - 8/15/64-E 3-7/8% Bond - 5/15/68</td></tr><tr><td>9/1/61</td><td>2-3/4% Bond - 9/15/61</td><td>11/9/53</td><td>2,239</td><td>-</td><td>2,239</td><td>681p 890p 317p</td><td>351p</td><td>3-1/4% Note - 11/15/62-H 3-3/4% Note - 8/15/64-E 3-7/8% Bond - 5/15/68</td></tr><tr><td></td><td>1-1/2% Note - 10/1/61-BO</td><td>10/1/56</td><td>332</td><td>-</td><td>332</td><td>183p 89p 8p</td><td>52 p</td><td>3-1/4% Note - 11/15/62-H 3-3/4% Note - 8/15/64-E 3-7/8% Bond - 5/15/68</td></tr><tr><td></td><td>Total</td><td></td><td>12,536</td><td>-</td><td>12,536</td><td>11,847p</td><td>689p</td><td>6,082p of 3-1/4% Note 5,019p of 3-3/4% Note 746p of 3-7/8% Bond</td></tr><tr><td></td><td>2-1/2% Bond - 3/15/65-70</td><td>2/1/44</td><td>4,688</td><td>-</td><td>4,688</td><td>1,036p 721p 474p</td><td>-</td><td>3-1/2% Bond - 11/15/80 24/ 3-1/2% Bond - 2/15/90 25/ 3-1/2% Bond - 11/15/98 26/</td></tr><tr><td>4/1/61</td><td>2-1/2% Bond - 3/15/66-71</td><td>12/1/44</td><td>2,927</td><td>-</td><td>2,927</td><td>238p 576p 713p</td><td>-</td><td>3-1/2% Bond - 11/15/80 24/ 3-1/2% Bond - 2/15/90 25/ 3-1/2% Bond - 11/15/98 26/</td></tr><tr><td></td><td>Total</td><td></td><td>7,615</td><td>-</td><td>7,615</td><td>1,274p 1,296p 1,187p</td><td>-</td><td>3-1/2% Bond - 11/15/80 24/ 3-1/2% Bond - 2/15/90 25/ 3-1/2% Bond - 11/15/98 26/</td></tr><tr><td>9/2/61</td><td>2.473% Bill - 9/22/61</td><td>4/3/61</td><td>1,503</td><td>1,503 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>11/16/61</td><td>3.131% Bill - 10/16/61</td><td>10/17/60</td><td>1,502</td><td>1,502 18/</td><td>-</td><td>-</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 basis" in daily Treasury statement. 
1/ Original call and maturity dates are used. 
2/ All by investors other than Federal Reserve Banks. 
2/ Tax anticipation issue; for detail of offerings beginning 1953, see Table 4; for amounts redeemed for taxes and for cash see "Note" below. 
4/ On November 9, 1953, the Treasury purchased from the Federal Reserve System and retired $500 million of the 2-1/8% Treasury notes maturing December 1, 1953. For further detail see "Treasury Bulletin" for November 1953, page A-1. 
4/ Reopening of February 2, 1953, offering (see Table 4). 
5/ 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 offer was included in the refundings of May 17, 1954. 
5/ Reopening of August 3, 1954, offering (see Table 4). 
5/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes 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 these notes were purchased by the Treasury for account of the Sinking Fund and retired.
12/ Also designated tax anticipation certificates.
13/ Two issues of bills, maturing January 16, 1957, and February 15, 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 1965 were purchased by the Treasury for retirement under section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 7544).
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 4% notes, who had 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 4-7/8% notes.
18/ Rolled over into a one-year bill (see Table 4).
19/ Amount which owners exercised the option to redeem on February 15, 1960 (see Table 4, footnote 24).
Remaining footnotes on following page.
October 1961
47
PUBLIC DEBT OPERATIONS
Footnotes to Table 6 - (Continued)
20/ Advance refunding offering. Pursuant to the provisions of section 1037 (a) of the Internal Revenue Code of 1954, as added by Public Law 86-346, approved September 22, 1959, the Secretary of the Treasury has declared that no gain or loss shall be recognized for Federal income tax purposes upon the exchange of the eligible outstanding securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the same amount as he had been carrying the eligible securities exchanged Gain or loss, if any, upon the obligations surrendered in exchange will be taken into account upon the disposition or redemption of the
Holders of 2-1/2% Treasury bonds maturing November 15, 1961, were offered the option to exchange the bonds during the period from June 3, 1960, to June 13, 1960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of $3.5 billion for the notes and $1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8% certificates or the 3-7/8% bonds, which were offered in an aggregate of around $3-3/4 billion. For details of offering, see Table 4.
Excess of maturing 4-3/4% treasury notes over allotments of new securities on subscriptions from holders of those notes (see Table footnotes 44 and 46).
24/ Reopening of an earlier issue.
Holders of 2-1/2% Treasury bonds maturing June 15, 1967, December 15, 1968, June 15, 1969, and December 15, 1969, were offered the option to exchange the bonds during the period from September 12, 1960, to September 20, 1960, inclusive, the first for 3-1/2% bonds of 1980, the second for 3-1/2% bonds of 1990, and the other two for 3-1/2% bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit of $1.5 billion.
26/ Holders of the maturing certificates were not offered preemptive rights to exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/4% notes offered in the amount of around $5.9 billion. For detail of offering, see Table 4.
27/ Excess of maturing 4-7/8% certificates over allotments of new securities on subscriptions from holders of those certificates (see Table 4, footnotes 51 and 52)
From March 20 through March 22, 1961, owners of 2-1/4% bonds of June 15, 1959-62, 2-1/4% bonds of December 15, 1959-62, 2-5/8% notes maturing February 15, 1963, and 2-1/2% bonds maturing August 15, 1963, were granted the option of exchanging their holdings. The first three were exchangeable for a new 3-5/8% bond due November 15, 1967, and the last for a new 3-3/8% bond due November 15, 1966. Exchanges were subject to allotment if subscriptions exceeded $5 billion for the bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered preemptive rights to exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the $5,250 million offering of 3½ certificates or the $2,500 million offering of 3-1/4% notes. For detail of offering, see Table 4.
30/ Excess of maturing 4-3/8% certificates and 3-5/8% notes over allotments of new securities on subscriptions from holders of those certificates and notes (see Table 4, footnotes 55 and 56).
P Prelimina
Note: 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>6/21/54</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>3,210</td><td>1,917</td><td>1,293</td></tr><tr><td>3/22/56</td><td>Certificate</td><td>2,202</td><td>1,674</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>6/24/57</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></td><td></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>762</td><td>738</td></tr><tr><td>3/22/60</td><td>Bill</td><td>3,005</td><td>2,251</td><td>1,753</td></tr><tr><td>3/22/60</td><td>Bill</td><td>999</td><td></td><td></td></tr><tr><td>6/22/60</td><td>Bill</td><td>2,002</td><td>1,916</td><td>2,102</td></tr><tr><td>6/22/60</td><td>Bill</td><td>2,016</td><td></td><td></td></tr><tr><td>3/22/61</td><td>Bill</td><td>3,512</td><td>1,680</td><td>1,332</td></tr><tr><td>6/22/61</td><td>Bill</td><td>3,504</td><td>1,606</td><td>1,898</td></tr><tr><td>9/22/61</td><td>Bill</td><td>1,503</td><td>928b</td><td>575p</td></tr></table>
48
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Series E and H are the only savings bonds currently 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 terms appear in the Treasury Bulletin of April 1951, May 1952, May 1957, October and December 1959, May 1961, and herein.
Table 1.- Sales and Redemptions by Series, Cumulative through August 31, 1961
(Dollar amounts in millions)
<table><tr><th rowspan="2">Series</th><th rowspan="2">Sales 1/</th><th rowspan="2">Accrued discount</th><th rowspan="2">Sales plus accrued discount</th><th rowspan="2">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th>Interest-bearing debt</th><th>Matured debt</th></tr><tr><td>Series A-D 2/.....................</td><td>3,949</td><td>1,054</td><td>5,003</td><td>4,985</td><td>-</td><td>18</td></tr><tr><td>Series E end H....................</td><td>107,759</td><td>16,445</td><td>124,204</td><td>80,167</td><td>44,037</td><td>-</td></tr><tr><td>Series F, G, J, and K.............</td><td>31,951</td><td>1,221</td><td>33,173</td><td>29,362</td><td>3,603</td><td>207</td></tr><tr><td>Total A-K.........................</td><td>143,659</td><td>18,721</td><td>162,380</td><td>114,514</td><td>47,640</td><td>225</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
<table><tr><th>Period</th><th>Sales 1/</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 2/</th><th>Accrued discount 2/</th><th>Interest - bearing debt</th><th>Matured debt</th></tr><tr><td colspan="9">Fiscal years:</td></tr><tr><td>1935-1954 4/</td><td>107,775</td><td>9,844</td><td>117,620</td><td>59,430</td><td>55,686</td><td>3,744</td><td>58,061</td><td>128</td></tr><tr><td>1955 5/</td><td>6,473</td><td>1,231</td><td>7,704</td><td>7,251</td><td>6,487</td><td>764</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>7,018</td><td>828</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>8,055</td><td>903</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>7,368</td><td>1,175</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>6,377</td><td>872</td><td>50,503</td><td>331</td></tr><tr><td>1960</td><td>4,307</td><td>1,240</td><td>5,547</td><td>8,557</td><td>7,542</td><td>1,015</td><td>47,544</td><td>280</td></tr><tr><td>1961</td><td>4,464</td><td>1,286</td><td>5,749</td><td>5,819</td><td>5,038</td><td>781</td><td>47,514</td><td>240</td></tr><tr><td colspan="9">Calendar years:</td></tr><tr><td>1935-1954</td><td>110,772</td><td>10,464</td><td>121,236</td><td>62,878</td><td>58,776</td><td>4,102</td><td>58,672</td><td>686</td></tr><tr><td>1955</td><td>6,276</td><td>1,216</td><td>7,491</td><td>7,301</td><td>6,518</td><td>783</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>7,419</td><td>846</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>8,674</td><td>956</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>6,450</td><td>805</td><td>51,192</td><td>686</td></tr><tr><td>1959</td><td>4,320</td><td>1,221</td><td>5,541</td><td>8,772</td><td>7,763</td><td>1,009</td><td>48,154</td><td>494</td></tr><tr><td>1960</td><td>4,350</td><td>1,262</td><td>5,612</td><td>6,732</td><td>5,851</td><td>881</td><td>47,159</td><td>368</td></tr><tr><td colspan="9">Months:</td></tr><tr><td>1961-January</td><td>456</td><td>129</td><td>584</td><td>559</td><td>472</td><td>86</td><td>47,243</td><td>310</td></tr><tr><td>February</td><td>416</td><td>100</td><td>515</td><td>448</td><td>383</td><td>65</td><td>47,327</td><td>294</td></tr><tr><td>March</td><td>435</td><td>99</td><td>534</td><td>489</td><td>423</td><td>66</td><td>47,395</td><td>270</td></tr><tr><td>April</td><td>348</td><td>97</td><td>446</td><td>433</td><td>374</td><td>59</td><td>47,420</td><td>258</td></tr><tr><td>May</td><td>371</td><td>99</td><td>470</td><td>436</td><td>377</td><td>59</td><td>47,461</td><td>251</td></tr><tr><td>June</td><td>370</td><td>128</td><td>498</td><td>455</td><td>393</td><td>63</td><td>47,514</td><td>240</td></tr><tr><td>July</td><td>342</td><td>135</td><td>477</td><td>423</td><td>362</td><td>61</td><td>47,574</td><td>234</td></tr><tr><td>August</td><td>393</td><td>102</td><td>495</td><td>438</td><td>378</td><td>60</td><td>47,640</td><td>225</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
October 1961
49
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
<table><tr><th rowspan="2">Period</th><th rowspan="2">Sales 1/</th><th rowspan="2">Accrued discount</th><th rowspan="2">Sales plus accrued discount</th><th colspan="3">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th>Total</th><th>Sales price 3/</th><th>Accrued discount 3/</th><th>Interest-bearing debt</th><th>Matured debt</th></tr></table>
<table><tr><th colspan="8">Series E and H combined</th></tr><tr><th>Fiscal years:</th><th>73,979</th><th>8,061</th><th>82,040</th><th>44,558</th><th>42,058</th><th>2,500</th><th>37,482</th><th>-</th></tr><tr><td>1941-1954</td><td>73,979</td><td>8,061</td><td>82,040</td><td>44,558</td><td>42,058</td><td>2,500</td><td>37,482</td><td>-</td></tr><tr><td>1955</td><td>5,225</td><td>1,123</td><td>6,348</td><td>4,544</td><td>3,911</td><td>633</td><td>39,285</td><td>-</td></tr><tr><td>1956</td><td>6,260</td><td>1,114</td><td>6,374</td><td>4,730</td><td>4,069</td><td>661</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>4,444</td><td>732</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>4,129</td><td>1,058</td><td>42,142</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>4,310</td><td>797</td><td>42,716</td><td>-</td></tr><tr><td>1960</td><td>4,307</td><td>1,194</td><td>5,501</td><td>5,502</td><td>4,616</td><td>886</td><td>42,715</td><td>-</td></tr><tr><td>1961</td><td>4,464</td><td>1,254</td><td>5,717</td><td>4,627</td><td>3,906</td><td>721</td><td>43,806</td><td>-</td></tr><tr><th>Calendar years:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1941-1954</td><td>76,352</td><td>8,626</td><td>84,977</td><td>46,744</td><td>43,946</td><td>2,798</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>3,998</td><td>654</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>4,162</td><td>670</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>4,686</td><td>783</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>4,129</td><td>727</td><td>42,589</td><td>-</td></tr><tr><td>1959</td><td>4,320</td><td>1,169</td><td>5,489</td><td>5,519</td><td>4,636</td><td>883</td><td>42,559</td><td>-</td></tr><tr><td>1960</td><td>4,350</td><td>1,224</td><td>5,574</td><td>4,996</td><td>4,202</td><td>794</td><td>43,137</td><td>-</td></tr><tr><th>Months:</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1961-January</td><td>456</td><td>126</td><td>581</td><td>441</td><td>360</td><td>80</td><td>43,278</td><td>-</td></tr><tr><td>February</td><td>416</td><td>98</td><td>513</td><td>375</td><td>314</td><td>61</td><td>43,416</td><td>-</td></tr><tr><td>March</td><td>435</td><td>97</td><td>532</td><td>412</td><td>350</td><td>62</td><td>43,536</td><td>-</td></tr><tr><td>April</td><td>348</td><td>95</td><td>443</td><td>372</td><td>316</td><td>56</td><td>43,607</td><td>-</td></tr><tr><td>May</td><td>371</td><td>97</td><td>468</td><td>372</td><td>316</td><td>56</td><td>43,703</td><td>-</td></tr><tr><td>June</td><td>370</td><td>126</td><td>495</td><td>392</td><td>333</td><td>60</td><td>43,806</td><td>-</td></tr><tr><td>July</td><td>342</td><td>132</td><td>474</td><td>357</td><td>300</td><td>58</td><td>43,922</td><td>-</td></tr><tr><td>August</td><td>393</td><td>100</td><td>493</td><td>378</td><td>321</td><td>58</td><td>44,037</td><td>-</td></tr></table>
Series F, G, J, and K combined 5/
<table><tr><th>Fiscal years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1954 4/</td><td>29,848</td><td>729</td><td>30,577</td><td>9,942 6/</td><td>9,734</td><td>209</td><td>20,579</td><td>55</td></tr><tr><td>1955 4/</td><td>1,249</td><td>108</td><td>1,357</td><td>2,692</td><td>2,565</td><td>127</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>2,941</td><td>164</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>3,605</td><td>169</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>3,235</td><td>116</td><td>9,842</td><td>331</td></tr><tr><td>1959</td><td>*</td><td>54</td><td>54</td><td>2,137</td><td>2,063</td><td>74</td><td>7,787</td><td>303</td></tr><tr><td>1960</td><td>*</td><td>46</td><td>46</td><td>3,049 7/</td><td>2,921</td><td>128</td><td>4,829</td><td>257</td></tr><tr><td>1961</td><td>*</td><td>32</td><td>32</td><td>1,188 8/</td><td>1,129</td><td>59</td><td>3,709</td><td>222</td></tr><tr><th>Calendar years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1954</td><td>30,472</td><td>784</td><td>31,256</td><td>11,198 6/</td><td>10,932</td><td>267</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>2,510</td><td>126</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>3,250</td><td>173</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>3,982</td><td>171</td><td>10,896</td><td>698</td></tr><tr><td>1958</td><td>*</td><td>58</td><td>58</td><td>2,395</td><td>2,318</td><td>77</td><td>8,603</td><td>655</td></tr><tr><td>1959</td><td>*</td><td>52</td><td>52</td><td>3,246</td><td>3,122</td><td>125</td><td>5,594</td><td>468</td></tr><tr><td>1960</td><td>*</td><td>38</td><td>38</td><td>1,732 7/ 8/</td><td>1,646</td><td>86</td><td>4,022</td><td>348</td></tr><tr><th>Months:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td>-</td><td>3</td><td>3</td><td>117 8/</td><td>112</td><td>6</td><td>3,965</td><td>290</td></tr><tr><td>February</td><td>-</td><td>2</td><td>2</td><td>72</td><td>69</td><td>3</td><td>3,911</td><td>274</td></tr><tr><td>March</td><td>-</td><td>2</td><td>2</td><td>77</td><td>73</td><td>4</td><td>3,859</td><td>251</td></tr><tr><td>April</td><td>-</td><td>3</td><td>3</td><td>61</td><td>58</td><td>3</td><td>3,813</td><td>239</td></tr><tr><td>May</td><td>-</td><td>2</td><td>2</td><td>64</td><td>60</td><td>3</td><td>3,759</td><td>232</td></tr><tr><td>June</td><td>-</td><td>3</td><td>3</td><td>63</td><td>60</td><td>3</td><td>3,709</td><td>222</td></tr><tr><td>July</td><td>-</td><td>3</td><td>3</td><td>65</td><td>62</td><td>3</td><td>3,652</td><td>216</td></tr><tr><td>August</td><td>-</td><td>2</td><td>2</td><td>59</td><td>57</td><td>3</td><td>3,603</td><td>207</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
50
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 1/</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th colspan="3">Redemptions 1/</th><th>Exchanges of E bonds for H bonds</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/</th><th>Accrued discount 2/</th><th></th><th></th></tr><tr><td colspan="9">Series E</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1954 4/</td><td>72,924</td><td>8,061</td><td>80,985</td><td>44,527</td><td>42,027</td><td>2,500</td><td>-</td><td>36,458</td></tr><tr><td>1955 4/</td><td>4,095</td><td>1,123</td><td>5,218</td><td>4,490</td><td>3,857</td><td>633</td><td>-</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>3,961</td><td>661</td><td>-</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>4,248</td><td>732</td><td>-</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>3,893</td><td>1,058</td><td>-</td><td>38,067</td></tr><tr><td>1959</td><td>3,688</td><td>1,174</td><td>4,862</td><td>4,889</td><td>4,092</td><td>797</td><td>-</td><td>38,040</td></tr><tr><td>1960</td><td>3,603</td><td>1,194</td><td>4,797</td><td>5,181</td><td>4,295</td><td>886</td><td>201</td><td>37,456</td></tr><tr><td>1961</td><td>3,689</td><td>1,254</td><td>4,943</td><td>4,394</td><td>3,673</td><td>721</td><td>188</td><td>37,817</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1954</td><td>74,843</td><td>8,626</td><td>83,468</td><td>46,690</td><td>43,892</td><td>2,798</td><td>-</td><td>36,778</td></tr><tr><td>1955</td><td>4,192</td><td>1,113</td><td>5,304</td><td>4,572</td><td>3,918</td><td>654</td><td>-</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>4,018</td><td>670</td><td>-</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>4,437</td><td>783</td><td>-</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>3,931</td><td>727</td><td>-</td><td>38,206</td></tr><tr><td>1959</td><td>3,598</td><td>1,169</td><td>4,767</td><td>5,225</td><td>4,342</td><td>883</td><td>-</td><td>37,748</td></tr><tr><td>1960</td><td>3,632</td><td>1,224</td><td>4,856</td><td>4,729</td><td>3,935</td><td>794</td><td>278</td><td>37,597</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>1961-January</td><td>353</td><td>126</td><td>479</td><td>423</td><td>343</td><td>80</td><td>22</td><td>37,630</td></tr><tr><td>February</td><td>335</td><td>98</td><td>433</td><td>358</td><td>297</td><td>61</td><td>17</td><td>37,687</td></tr><tr><td>March</td><td>353</td><td>97</td><td>450</td><td>390</td><td>328</td><td>62</td><td>22</td><td>37,725</td></tr><tr><td>April</td><td>289</td><td>95</td><td>384</td><td>354</td><td>298</td><td>56</td><td>15</td><td>37,739</td></tr><tr><td>May</td><td>308</td><td>97</td><td>405</td><td>351</td><td>296</td><td>56</td><td>16</td><td>37,776</td></tr><tr><td>June</td><td>306</td><td>126</td><td>431</td><td>373</td><td>313</td><td>60</td><td>18</td><td>37,817</td></tr><tr><td>July</td><td>276</td><td>132</td><td>408</td><td>337</td><td>279</td><td>58</td><td>17</td><td>37,871</td></tr><tr><td>August</td><td>329</td><td>100</td><td>429</td><td>357</td><td>300</td><td>58</td><td>17</td><td>37,926</td></tr><tr><td colspan="9">Series H</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>1952-1954 4/</td><td>1,055</td><td>-</td><td>1,055</td><td>31</td><td>31</td><td>-</td><td>-</td><td>1,024</td></tr><tr><td>1955 4/</td><td>1,130</td><td>-</td><td>1,130</td><td>55</td><td>55</td><td>-</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>-</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>-</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>-</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>-</td><td>4,676</td></tr><tr><td>1960</td><td>704</td><td>-</td><td>704</td><td>322</td><td>322</td><td>-</td><td>201</td><td>5,259</td></tr><tr><td>1961</td><td>775</td><td>-</td><td>775</td><td>233</td><td>233</td><td>-</td><td>188</td><td>5,989</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>1952-1954</td><td>1,509</td><td>-</td><td>1,509</td><td>54</td><td>54</td><td>-</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>-</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>-</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>-</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>-</td><td>4,383</td></tr><tr><td>1959</td><td>722</td><td>-</td><td>722</td><td>294</td><td>294</td><td>-</td><td>-</td><td>4,811</td></tr><tr><td>1960</td><td>718</td><td>-</td><td>718</td><td>267</td><td>267</td><td>-</td><td>278</td><td>5,540</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>1961-January</td><td>103</td><td>-</td><td>103</td><td>17</td><td>17</td><td>-</td><td>22</td><td>5,648</td></tr><tr><td>February</td><td>81</td><td>-</td><td>81</td><td>17</td><td>17</td><td>-</td><td>17</td><td>5,729</td></tr><tr><td>March</td><td>82</td><td>-</td><td>82</td><td>22</td><td>22</td><td>-</td><td>22</td><td>5,811</td></tr><tr><td>April</td><td>59</td><td>-</td><td>59</td><td>18</td><td>18</td><td>-</td><td>15</td><td>5,867</td></tr><tr><td>May</td><td>63</td><td>-</td><td>63</td><td>21</td><td>21</td><td>-</td><td>16</td><td>5,926</td></tr><tr><td>June</td><td>64</td><td>-</td><td>64</td><td>19</td><td>19</td><td>-</td><td>18</td><td>5,989</td></tr><tr><td>July</td><td>67</td><td>-</td><td>67</td><td>20</td><td>20</td><td>-</td><td>17</td><td>6,052</td></tr><tr><td>August</td><td>64</td><td>-</td><td>64</td><td>21</td><td>21</td><td>-</td><td>17</td><td>6,111</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
October 1961
51
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="3">Matured</th><th colspan="3">Unmatured</th><th>Unclassified</th></tr><tr><th></th><th></th><th>Total</th><th>Series E</th><th>Other</th><th>Total</th><th>Series E and H</th><th>Other</th><th>2/</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>1951</td><td>6,137</td><td>817</td><td>38</td><td>779</td><td>5,300</td><td>4,258</td><td>1,042</td><td>19</td></tr><tr><td>1952</td><td>5,109</td><td>792</td><td>702</td><td>90</td><td>4,316</td><td>3,304</td><td>1,012</td><td>1</td></tr><tr><td>1953</td><td>5,621</td><td>1,761</td><td>1,128</td><td>633</td><td>3,859</td><td>2,955</td><td>904</td><td>*</td></tr><tr><td>1954</td><td>6,515</td><td>2,747</td><td>1,487</td><td>1,260</td><td>3,589</td><td>2,715</td><td>874</td><td>179</td></tr><tr><td>1955</td><td>7,251</td><td>3,941</td><td>1,826</td><td>2,115</td><td>3,394</td><td>2,775</td><td>619</td><td>-84</td></tr><tr><td>1956</td><td>7,846</td><td>4,263</td><td>1,917</td><td>2,345</td><td>3,467</td><td>2,785</td><td>682</td><td>116</td></tr><tr><td>1957</td><td>8,958</td><td>4,115</td><td>1,971</td><td>2,144</td><td>4,657</td><td>3,132</td><td>1,526</td><td>185</td></tr><tr><td>1958</td><td>8,544</td><td>3,730</td><td>1,906</td><td>1,824</td><td>4,739</td><td>3,195</td><td>1,544</td><td>75</td></tr><tr><td>1959</td><td>7,249</td><td>3,621</td><td>1,996</td><td>1,625</td><td>3,778</td><td>3,235</td><td>543</td><td>-150</td></tr><tr><td>1960</td><td>8,557</td><td>4,126</td><td>2,304</td><td>1,822</td><td>4,641</td><td>3,285</td><td>1,355</td><td>-210</td></tr><tr><td>1961</td><td>5,819</td><td>2,673</td><td>1,733</td><td>940</td><td>3,358</td><td>3,075</td><td>283</td><td>-212</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>1951</td><td>5,651</td><td>772</td><td>254</td><td>518</td><td>4,914</td><td>3,817</td><td>1,097</td><td>-35</td></tr><tr><td>1952</td><td>5,074</td><td>1,015</td><td>968</td><td>47</td><td>4,025</td><td>3,096</td><td>929</td><td>34</td></tr><tr><td>1953</td><td>6,149</td><td>2,318</td><td>1,328</td><td>990</td><td>3,759</td><td>2,882</td><td>917</td><td>31</td></tr><tr><td>1954</td><td>6,985</td><td>3,171</td><td>1,500</td><td>1,672</td><td>3,057</td><td>2,464</td><td>593</td><td>757</td></tr><tr><td>1955</td><td>7,301</td><td>4,230</td><td>2,047</td><td>2,183</td><td>3,666</td><td>2,976</td><td>689</td><td>-595</td></tr><tr><td>1956</td><td>8,264</td><td>4,246</td><td>1,891</td><td>2,355</td><td>3,899</td><td>2,920</td><td>979</td><td>120</td></tr><tr><td>1957</td><td>9,630</td><td>4,156</td><td>2,084</td><td>2,072</td><td>5,207</td><td>3,322</td><td>1,886</td><td>266</td></tr><tr><td>1958</td><td>7,255</td><td>3,393</td><td>1,691</td><td>1,702</td><td>3,841</td><td>3,091</td><td>750</td><td>22</td></tr><tr><td>1959</td><td>8,772</td><td>4,701</td><td>2,433</td><td>2,268</td><td>4,520</td><td>3,445</td><td>1,075</td><td>-449</td></tr><tr><td>1960</td><td>6,732</td><td>3,033</td><td>1,944</td><td>1,089</td><td>3,938</td><td>3,114</td><td>825</td><td>-239</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>1961-January</td><td>559</td><td>216</td><td>156</td><td>60</td><td>266</td><td>248</td><td>18</td><td>76</td></tr><tr><td>February</td><td>448</td><td>223</td><td>142</td><td>81</td><td>247</td><td>226</td><td>20</td><td>-22</td></tr><tr><td>March</td><td>489</td><td>261</td><td>187</td><td>74</td><td>298</td><td>283</td><td>14</td><td>-70</td></tr><tr><td>April</td><td>433</td><td>207</td><td>149</td><td>59</td><td>267</td><td>250</td><td>17</td><td>-41</td></tr><tr><td>May</td><td>436</td><td>134</td><td>97</td><td>37</td><td>266</td><td>250</td><td>16</td><td>36</td></tr><tr><td>June</td><td>455</td><td>189</td><td>140</td><td>50</td><td>245</td><td>227</td><td>18</td><td>21</td></tr><tr><td>July</td><td>423</td><td>140</td><td>102</td><td>38</td><td>228</td><td>213</td><td>14</td><td>55</td></tr><tr><td>August</td><td>438</td><td>218</td><td>160</td><td>59</td><td>288</td><td>272</td><td>16</td><td>-69</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Note: In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at current redemption value. 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, and are then transferred to matured debt upon which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1) matured Series E bonds for Series G and K bonds from May 1951 through April 1957 and (2) Series F and J bonds for Series H bonds beginning January 1960; however, they exclude exchanges of Series E bonds for Series H bonds, which are reported in Table 3.
2/ 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.
3/ Because there is a normal lag in classifying redemptions the distribution of redemptions between sales price and accrued discount has been estimated. Beginning with the Treasury Bulletin of March 1961 the method of distributing redemptions between sales price and accrued discount has been changed to reflect the distribution shown in final
4/ Reductions were made in issues and redemptions of Series E, H, F, G, J, and K bonds in July 1954 to compensate for the erroneous inclusion of reissue transactions in June 1954 as reported in the daily Treasury statement. The amounts involved were as follows: $18 million for issues of Series E and H, $17 million for issues of Series F, G, J, and K, and $35 million for unclassified retirements.
5/ 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.
6/ Includes exchanges of Series 1941 F and G savings bonds for Treasury 3-1/4% bonds of 1978-83.
7/ Includes the December 1959 exchanges of Series 1948 F and G bonds for 4-3/4% marketable notes of 1964.
8/ Includes the December 1960 exchanges of Series 1949 F and G bonds for 4% marketable bonds of 1969, of which $1.45 million were reported in December 1960, and $3 million in January 1961.
9/ Represents changes in the amounts of redemptions not yet classified between matured and unmatured issues.
* Less than $500,000.
52
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 2/</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 2/</th><th>Held by private investors 3/</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 market- able issues</th><th>Public non- market- able issues</th><th></th><th></th><th></th></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>4</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>193,418</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>1960</td><td>286,471</td><td>283,241</td><td>55,259</td><td>10,360</td><td>44,899</td><td>26,523</td><td>201,459</td><td>149,546</td><td>51,913</td><td>139</td><td>79</td><td>60</td><td>3,090</td></tr><tr><td>1961</td><td>289,211</td><td>285,672</td><td>56,002</td><td>10,959</td><td>45,043</td><td>27,253</td><td>202,417</td><td>151,392</td><td>51,025</td><td>240</td><td>87</td><td>153</td><td>3,300</td></tr><tr><td>1960-December</td><td>290,373</td><td>286,820</td><td>54,985</td><td>10,639</td><td>44,346</td><td>27,384</td><td>204,451</td><td>153,515</td><td>50,936</td><td>155</td><td>81</td><td>74</td><td>3,397</td></tr><tr><td>1961-January</td><td>290,196</td><td>286,651</td><td>54,485</td><td>10,661</td><td>43,824</td><td>26,570</td><td>205,596</td><td>154,604</td><td>50,992</td><td>159</td><td>83</td><td>76</td><td>3,386</td></tr><tr><td>February</td><td>290,740</td><td>287,190</td><td>54,404</td><td>10,677</td><td>43,727</td><td>26,667</td><td>206,119</td><td>155,077</td><td>51,041</td><td>195</td><td>86</td><td>108</td><td>3,356</td></tr><tr><td>March</td><td>287,682</td><td>284,058</td><td>54,788</td><td>10,788</td><td>44,001</td><td>26,688</td><td>202,581</td><td>151,525</td><td>51,056</td><td>210</td><td>85</td><td>125</td><td>3,414</td></tr><tr><td>April</td><td>288,206</td><td>284,631</td><td>53,877</td><td>10,865</td><td>43,012</td><td>26,772</td><td>203,982</td><td>152,985</td><td>50,997</td><td>218</td><td>88</td><td>131</td><td>3,357</td></tr><tr><td>May</td><td>290,371</td><td>286,845</td><td>55,429</td><td>10,926</td><td>44,503</td><td>26,887</td><td>204,529</td><td>153,543</td><td>50,986</td><td>225</td><td>86</td><td>139</td><td>3,301</td></tr><tr><td>June</td><td>289,211</td><td>285,672</td><td>56,002</td><td>10,959</td><td>45,043</td><td>27,253</td><td>202,417</td><td>151,392</td><td>51,025</td><td>240</td><td>87</td><td>153</td><td>3,300</td></tr><tr><td>July</td><td>292,643</td><td>288,998</td><td>55,128</td><td>10,931</td><td>44,198</td><td>27,422</td><td>206,448</td><td>155,379</td><td>51,069</td><td>237</td><td>87</td><td>151</td><td>3,407</td></tr><tr><td>August</td><td>293,964</td><td>290,659</td><td>56,383</td><td>10,810</td><td>45,573</td><td>27,697</td><td>206,579</td><td>155,063</td><td>51,516</td><td>248</td><td>88</td><td>161</td><td>3,057</td></tr></table>
Source: Daily Treasury statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government investment accounts; and reports from Federal Reserve System for securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
2/ For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government
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/ Consists of guaranteed securities held outside the Treasury. All are public marketable issues.
* Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury
(In millions of dollars; negative figures are net sales)
<table><tr><th>Year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-1.3</td><td>-4.4</td><td>-.3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>-</td><td>-.7</td><td>-.2</td><td>.4</td><td>*</td><td>-</td><td>*</td><td>-.2</td><td>-</td><td>60.0</td></tr><tr><td>1942</td><td>-.5</td><td>30.0</td><td>5.8</td><td>.3</td><td>*</td><td>.3</td><td>-2.3</td><td>-8.4</td><td>-4.5</td><td>1.0</td><td>-</td><td>-</td></tr><tr><td>1943</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>.4</td><td>-35.2</td><td>-145.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>-</td><td>-5.0</td><td>4.8</td></tr><tr><td>1944</td><td>-9.9</td><td>-105.1</td><td>-11.5</td><td>-16.5</td><td>-10.0</td><td>20.5</td><td>-18.5</td><td>-19.0</td><td>-28.1</td><td>*</td><td>-5.9</td><td>-12.0</td></tr><tr><td>1945</td><td>-67.5</td><td>-48.1</td><td>-5.9</td><td>-55.6</td><td>-34.4</td><td>-56.4</td><td>-17.0</td><td>-.2</td><td>-12.5</td><td>.3</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>-8.1</td><td>-.7</td><td>-</td><td>3.3</td><td>.4</td><td>-69.8</td><td>-157.8</td><td>-41.2</td><td>-74.1</td><td>-123.0</td><td>-57.6</td><td>-20.3</td></tr><tr><td>1947</td><td>.1</td><td>-</td><td>-4.7</td><td>-61.3</td><td>-338.6</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>221.0</td><td>696.4</td></tr><tr><td>1948</td><td>-.2</td><td>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>-6.0</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>18.3</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>113.1</td></tr><tr><td>1960</td><td>17.5</td><td>16.5</td><td>43.1</td><td>16.4</td><td>21.8</td><td>-14.5</td><td>35.5</td><td>44.4</td><td>3.4</td><td>25.5</td><td>105.5</td><td>39.7</td></tr><tr><td>1961</td><td>-5.6</td><td>-21.3</td><td>56.1</td><td>19.5</td><td>24.2</td><td>15.4</td><td>25.6</td><td>17.3</td><td></td><td></td><td></td><td></td></tr></table>
1/ Consists of purchases or sales made by the Treasury of securities issued or guaranteed by the U. S. Government for (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department. 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. 7548), and excludes the Exchange Stabilization Fund. Less than $50,000.
October 1961
53
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</th><th colspan="7">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>Total</th><th>Individuals 4/ Savings bonds Series E & H</th><th>Other Series 5/</th><th>Other securities</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 6/</th><th>State and local government</th><th>Miscellaneous investors 7/</th></tr><tr><td>1939-Dec.</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>-</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>-</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>Dec.</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>-</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>.2</td><td>3.4</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>Dec.</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>1.1</td><td>4.2</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>3.7</td><td>5.4</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>Dec.</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>6.9</td><td>6.5</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>11.3</td><td>7.9</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>Dec.</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>16.0</td><td>8.7</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>21.1</td><td>10.1</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>Dec.</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>25.5</td><td>10.7</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>29.1</td><td>11.6</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>Dec.</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>30.7</td><td>12.2</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-Feb. 8/</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>30.8</td><td>12.5</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>30.4</td><td>13.1</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>Dec.</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>30.3</td><td>13.9</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>30.8</td><td>14.7</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>Dec.</td><td>257.0</td><td>91.3</td><td>68.7</td><td>22.6</td><td>34.4</td><td>131.3</td><td>65.7</td><td>31.0</td><td>15.2</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>31.6</td><td>15.5</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>Dec.</td><td>252.9</td><td>85.8</td><td>62.5</td><td>23.3</td><td>37.3</td><td>129.7</td><td>65.5</td><td>32.2</td><td>15.6</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>32.4</td><td>63.0</td><td>19.3</td><td>38.3</td><td>132.2</td><td>66.6</td><td>33.1</td><td>15.7</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>Dec.</td><td>257.2</td><td>85.7</td><td>66.8</td><td>18.9</td><td>39.4</td><td>132.1</td><td>66.3</td><td>33.8</td><td>15.5</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>34.5</td><td>15.4</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>Dec.</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>34.5</td><td>15.1</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>34.5</td><td>14.6</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>Dec.</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>34.7</td><td>14.4</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>34.9</td><td>14.1</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>Dec.</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>65.2</td><td>35.3</td><td>13.8</td><td>16.0</td><td>16.0</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>36.0</td><td>13.2</td><td>16.8</td><td>16.0</td><td>9.5</td><td>18.6</td><td>12.0</td><td>12.8</td></tr><tr><td>Dec.</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>64.8</td><td>36.7</td><td>12.7</td><td>15.4</td><td>15.9</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>64.7</td><td>37.5</td><td>12.1</td><td>15.1</td><td>15.4</td><td>9.1</td><td>16.6</td><td>13.9</td><td>13.7</td></tr><tr><td>Dec.</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>63.4</td><td>38.2</td><td>11.7</td><td>13.5</td><td>15.3</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>65.0</td><td>39.3</td><td>10.9</td><td>14.8</td><td>15.0</td><td>8.7</td><td>18.8</td><td>14.7</td><td>14.4</td></tr><tr><td>Dec.</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>65.0</td><td>40.1</td><td>10.2</td><td>14.8</td><td>14.6</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>66.6</td><td>40.9</td><td>9.4</td><td>16.3</td><td>13.6</td><td>8.4</td><td>17.7</td><td>15.7</td><td>16.3</td></tr><tr><td>Dec.</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>65.7</td><td>41.4</td><td>8.7</td><td>15.6</td><td>13.2</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>65.5</td><td>41.5</td><td>7.6</td><td>16.4</td><td>12.7</td><td>7.9</td><td>16.8</td><td>16.9</td><td>16.0</td></tr><tr><td>Dec.</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>63.6</td><td>41.6</td><td>6.6</td><td>15.4</td><td>12.5</td><td>7.6</td><td>18.6</td><td>17.0</td><td>16.6</td></tr><tr><td>1958-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>63.1</td><td>42.1</td><td>5.9</td><td>15.1</td><td>12.2</td><td>7.4</td><td>14.8</td><td>16.9</td><td>15.3</td></tr><tr><td>Dec.</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>62.8</td><td>42.5</td><td>5.2</td><td>15.1</td><td>12.7</td><td>7.3</td><td>18.8</td><td>16.7</td><td>16.6</td></tr><tr><td>1959-June</td><td>284.8</td><td>87.6</td><td>61.5</td><td>26.0</td><td>54.6</td><td>142.6</td><td>65.6</td><td>42.6</td><td>4.5</td><td>18.6</td><td>12.6</td><td>7.3</td><td>20.7</td><td>16.7</td><td>19.7</td></tr><tr><td>Dec.</td><td>290.9</td><td>86.9</td><td>60.3</td><td>26.6</td><td>53.7</td><td>150.3</td><td>68.5</td><td>42.4</td><td>3.5</td><td>22.6</td><td>12.5</td><td>6.9</td><td>22.6</td><td>17.7</td><td>22.1</td></tr><tr><td>1960-Jan.</td><td>291.2</td><td>84.5</td><td>59.0</td><td>25.5</td><td>53.2</td><td>153.6</td><td>69.3</td><td>42.4</td><td>3.4</td><td>23.5</td><td>12.7</td><td>6.9</td><td>24.4</td><td>17.8</td><td>22.3</td></tr><tr><td>Feb.</td><td>290.7</td><td>82.2</td><td>57.0</td><td>25.2</td><td>53.2</td><td>155.3</td><td>69.7</td><td>42.4</td><td>3.3</td><td>23.9</td><td>12.6</td><td>6.9</td><td>25.2</td><td>18.0</td><td>22.9</td></tr><tr><td>March.</td><td>287.0</td><td>80.0</td><td>54.7</td><td>25.3</td><td>53.7</td><td>153.3</td><td>70.5</td><td>42.5</td><td>3.3</td><td>24.8</td><td>12.4</td><td>6.9</td><td>22.4</td><td>18.2</td><td>22.9</td></tr><tr><td>April.</td><td>288.9</td><td>82.3</td><td>56.8</td><td>25.6</td><td>53.2</td><td>153.4</td><td>69.9</td><td>42.5</td><td>3.2</td><td>24.2</td><td>12.3</td><td>6.8</td><td>23.1</td><td>18.0</td><td>23.3</td></tr><tr><td>May.</td><td>289.5</td><td>82.0</td><td>56.0</td><td>26.0</td><td>54.4</td><td>153.1</td><td>69.6</td><td>42.5</td><td>3.1</td><td>23.9</td><td>12.2</td><td>6.7</td><td>23.7</td><td>18.0</td><td>22.9</td></tr><tr><td>June.</td><td>286.5</td><td>81.8</td><td>55.3</td><td>26.5</td><td>55.3</td><td>149.3</td><td>69.2</td><td>42.5</td><td>3.1</td><td>23.6</td><td>12.0</td><td>6.6</td><td>20.7</td><td>18.1</td><td>22.7</td></tr><tr><td>July.</td><td>288.5</td><td>84.2</td><td>57.4</td><td>26.9</td><td>54.8</td><td>149.4</td><td>68.8</td><td>42.6</td><td>3.0</td><td>23.2</td><td>12.0</td><td>6.5</td><td>21.1</td><td>17.9</td><td>23.0</td></tr><tr><td>Aug.</td><td>288.8</td><td>84.2</td><td>57.5</td><td>26.8</td><td>55.9</td><td>148.6</td><td>68.5</td><td>42.6</td><td>3.0</td><td>22.9</td><td>12.0</td><td>6.6</td><td>20.4</td><td>17.7</td><td>23.4</td></tr><tr><td>Sept.</td><td>288.6</td><td>85.6</td><td>58.6</td><td>27.0</td><td>55.5</td><td>147.4</td><td>68.7</td><td>42.7</td><td>2.9</td><td>23.1</td><td>12.0</td><td>6.5</td><td>19.3</td><td>17.4</td><td>23.5</td></tr><tr><td>Oct.</td><td>290.6</td><td>88.8</td><td>61.4</td><td>27.4</td><td>55.0</td><td>146.9</td><td>67.6</td><td>42.7</td><td>2.9</td><td>21.9</td><td>11.9</td><td>6.4</td><td>20.1</td><td>17.3</td><td>23.6</td></tr><tr><td>Nov.</td><td>290.6</td><td>88.7</td><td>61.2</td><td>27.5</td><td>55.4</td><td>146.4</td><td>67.6</td><td>42.8</td><td>2.8</td><td>21.9</td><td>11.9</td><td>6.3</td><td>20.6</td><td>17.2</td><td>22.8</td></tr><tr><td>Dec.</td><td>290.4</td><td>89.5</td><td>62.1</td><td>27.4</td><td>55.1</td><td>145.8</td><td>66.8</td><td>42.9</td><td>2.7</td><td>21.2</td><td>11.9</td><td>6.3</td><td>19.7</td><td>17.0</td><td>24.2</td></tr><tr><td>1961-Jan.</td><td>290.2</td><td>89.3</td><td>62.7</td><td>26.6</td><td>54.6</td><td>146.4</td><td>66.9</td><td>43.1</td><td>2.7</td><td>21.1</td><td>11.9</td><td>6.3</td><td>20.1</td><td>17.1</td><td>24.0</td></tr><tr><
Source: Office of Debt Analysis 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 held by the Treasury.
2/ 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/ Includes partnerships and personal trust accounts.
2/ Discontinued series. See savings bonds tables.
6/ Exclusive of banks and insurance companies.
7/ Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, and investments of foreign balances and international accounts in this country.
8/ p Immediate postwar debt peak.
Preliminary. r Revised.
54
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, JULY 31, 1961
The monthly Treasury Survey of Ownership covers securities issued by the United States Government and by Federal agencies. Of all such securities held by the respective classes of investors in the United States, the banks and insurance companies included in the Survey account for about 95 percent and the corporations and savings and loan associations included in the Survey about half. Data for banks and insurance companies were first published for March 31, 1941, in the May 1941 Treasury Bulletin. Data for corporations and savings and loan
associations were added to the Survey for June 1960, appearing in the September 1960 Bulletin, together with corresponding data for a few prior months.
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 for quarterly dates beginning with December 31, 1949. They first appeared in the March 1954 Bulletin.
Section I - Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of all Securities
(Par values - in millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding 1/</th><th colspan="7">Held by investors covered in Treasury Survey</th><th>Held by all other investors 4/</th></tr><tr><th></th><th></th><th>6,270 commercial banks 2/ 2/</th><th>512 mutual savings banks 2/</th><th colspan="2">Insurance companies</th><th>489 savings and loan associations</th><th>488 corporations</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th>307 life</th><th>520 fire, casualty, and marine</th><th></th><th></th><th></th><th></th></tr><tr><td>Interest-bearing securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public marketable</td><td>191,513</td><td>57,668</td><td>6,030</td><td>4,728</td><td>4,145</td><td>2,620</td><td>10,143</td><td>35,983</td><td>70,175</td></tr><tr><td>Public nonmarketable 2/</td><td>3,525</td><td>495 6/</td><td>260</td><td>1,324</td><td>158</td><td>116</td><td>10</td><td>2,455</td><td>48,707</td></tr><tr><td>Special issues</td><td>44,198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,198</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>289,235</td><td>58,163</td><td>6,289</td><td>6,053</td><td>4,303</td><td>2,756</td><td>10,152</td><td>82,636</td><td>118,882</td></tr><tr><td>Matured debt and debt bearing no interest 2/</td><td>3,407</td><td></td><td></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 3/</td><td>292,643</td><td></td><td></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 values - in millions of dollars)
<table><tr><th>Classification</th><th>Total amount outstanding</th><th colspan="7">Held by investors covered in Treasury Survey</th><th>Held by all other investors $</th></tr><tr><th></th><th></th><th>6,270 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th colspan="3">Insurance companies</th><th>489 savings and loan associations</th><th>488 corporations</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th></th></tr><tr><th>By type of security:</th><th></th><th></th><th></th><th>307 life</th><th>520 fire, casualty, and marine</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Issued by U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>40,928</td><td>9,153</td><td>269</td><td>181</td><td>164</td><td></td><td>105</td><td>5,509</td><td>3,215</td><td>22,231</td></tr><tr><td>Certificates of indebtedness</td><td>13,338</td><td>3,327</td><td>109</td><td>22</td><td>78</td><td></td><td>43</td><td>434</td><td>6,739</td><td>2,587</td></tr><tr><td>Treasury notes</td><td>56,995</td><td>18,185</td><td>1,344</td><td>309</td><td>1,047</td><td></td><td>579</td><td>2,171</td><td>10,207</td><td>16,452</td></tr><tr><td>Treasury bonds</td><td>80,814</td><td>26,963</td><td>4,278</td><td>4,196</td><td>2,852</td><td></td><td>1,904</td><td>2,928</td><td>9,735</td><td>28,858</td></tr><tr><td>Guaranteed by U. S. Government 2/</td><td>237</td><td>41</td><td>30</td><td>19</td><td>4</td><td></td><td>9</td><td>-</td><td>87</td><td>47</td></tr><tr><td>Total</td><td>191,513</td><td>57,668</td><td>6,030</td><td>4,728</td><td>4,145</td><td></td><td>2,640</td><td>10,143</td><td>35,983</td><td>70,175</td></tr><tr><td>By maturity distribution:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Call classes (due or first becoming callable):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>28,960</td><td>26,004</td><td>886</td><td>347</td><td>1,101</td><td></td><td>412</td><td>8,561</td><td>16,584</td><td>35,061</td></tr><tr><td>1 to 5 years</td><td>70,795</td><td>25,530</td><td>3,130</td><td>2,150</td><td>2,125</td><td></td><td>1,097</td><td>1,495</td><td>15,108</td><td>20,161</td></tr><tr><td>5 to 10 years</td><td>18,384</td><td>5,604</td><td>819</td><td>371</td><td>628</td><td></td><td>642</td><td>66</td><td>2,202</td><td>8,052</td></tr><tr><td>10 to 15 years</td><td>1,123</td><td>44</td><td>91</td><td>37</td><td>33</td><td></td><td>48</td><td>5</td><td>249</td><td>616</td></tr><tr><td>15 to 20 years</td><td>3,124</td><td>134</td><td>155</td><td>313</td><td>86</td><td></td><td>77</td><td>1</td><td>451</td><td>1,907</td></tr><tr><td>20 years and over</td><td>8,889</td><td>312</td><td>918</td><td>1,491</td><td>169</td><td></td><td>354</td><td>11</td><td>1,302</td><td>4,331</td></tr><tr><td>Guaranteed securities 2/</td><td>237</td><td>41</td><td>30</td><td>19</td><td>4</td><td></td><td>9</td><td>-</td><td>87</td><td>47</td></tr><tr><td>Total</td><td>191,513</td><td>57,668</td><td>6,030</td><td>4,728</td><td>4,145</td><td></td><td>2,640</td><td>10,143</td><td>35,983</td><td>70,175</td></tr><tr><td>Maturity classes (final maturity 2/):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>85,224</td><td>24,324</td><td>780</td><td>328</td><td>894</td><td></td><td>365</td><td>8,453</td><td>16,047</td><td>34,033</td></tr><tr><td>1 to 5 years</td><td>58,437</td><td>24,038</td><td>1,399</td><td>311</td><td>1,545</td><td></td><td>765</td><td>1,542</td><td>12,266</td><td>16,570</td></tr><tr><td>5 to 10 years</td><td>26,433</td><td>7,368</td><td>2,278</td><td>1,955</td><td>1,153</td><td></td><td>758</td><td>108</td><td>4,796</td><td>8,018</td></tr><tr><td>10 to 15 years</td><td>8,698</td><td>1,438</td><td>450</td><td>300</td><td>288</td><td></td><td>299</td><td>27</td><td>920</td><td>4,976</td></tr><tr><td>15 to 20 years</td><td>1,527</td><td>96</td><td>103</td><td>221</td><td>51</td><td></td><td>38</td><td>*</td><td>279</td><td>739</td></tr><tr><td>20 years and over</td><td>10,956</td><td>367</td><td>989</td><td>1,594</td><td>210</td><td></td><td>406</td><td>13</td><td>1,588</td><td>5,793</td></tr><tr><td>Guaranteed securities 2/</td><td>237</td><td>41</td><td>30</td><td>19</td><td>4</td><td></td><td>9</td><td>-</td><td>87</td><td>47</td></tr><tr><td>Total</td><td>191,513</td><td>57,668</td><td>6,030</td><td>4,728</td><td>4,145</td><td></td><td>2,640</td><td>10,143</td><td>35,983</td><td>70,175</td></tr><tr><td>By tax status: 10/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Partially exempt from Federal income taxes</td><td>1,435</td><td>1,320</td><td>2</td><td>*</td><td>29</td><td></td><td>1</td><td>16</td><td>*</td><td>117</td></tr><tr><td>Subject to Federal income taxes 11</td><td>190,027</td><td>56,348</td><td>6,028</td><td>4,728</td><td>4,116</td><td></td><td>2,638</td><td>10,127</td><td>35,983</td><td>70,058</td></tr><tr><td>Total</td><td>191,513</td><td>57,668</td><td>6,030</td><td>4,728</td><td>4,145</td><td></td><td>2,640</td><td>10,143</td><td>35,983</td><td>70,175</td></tr></table>
Footnotes at end of Table 4
October 1961
55
TREASURY SURVEY OF OWNERSHIP, JULY 31, 1961
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 rowspan="2">Issue</th><th rowspan="2">Total amount outstanding</th><th colspan="7">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors $/</th></tr><tr><th>6,270 commercial banks 2/ 2/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 307 life</th><th>520 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>488 corporations</th><th>U.S. Government investment accounts and Federal Reserve Banks</th></tr><tr><td colspan="10">Treasury bills:</td></tr><tr><td>Regular weekly: August 1961 - October 1961...</td><td>21,410</td><td>3,164</td><td>138</td><td>122</td><td>95</td><td>53</td><td>2,736</td><td>1,677</td><td>13,424</td></tr><tr><td>November 1961 - January 1962...</td><td>7,405</td><td>952</td><td>25</td><td>7</td><td>31</td><td>13</td><td>1,060</td><td>689</td><td>4,677</td></tr><tr><td>Tax anticipation: September 1961...</td><td>1,503</td><td>287</td><td>2</td><td>33</td><td>2</td><td>-</td><td>580</td><td>21</td><td>978</td></tr><tr><td>March 1962...</td><td>3,503</td><td>2,834</td><td>5</td><td>2</td><td>1</td><td>-</td><td>278</td><td>40</td><td>353</td></tr><tr><td>Other: October 1961...</td><td>1,502</td><td>264</td><td>39</td><td>2</td><td>8</td><td>9</td><td>158</td><td>102</td><td>919</td></tr><tr><td>January 1962...</td><td>1,502</td><td>249</td><td>19</td><td>*</td><td>12</td><td>9</td><td>140</td><td>228</td><td>845</td></tr><tr><td>April 1962...</td><td>2,000</td><td>649</td><td>23</td><td>1</td><td>11</td><td>10</td><td>220</td><td>312</td><td>774</td></tr><tr><td>July 1962...</td><td>2,004</td><td>764</td><td>20</td><td>13</td><td>4</td><td>10</td><td>337</td><td>147</td><td>710</td></tr><tr><td>Total Treasury bills...</td><td>40,828</td><td>9,153</td><td>269</td><td>181</td><td>164</td><td>105</td><td>5,509</td><td>3,215</td><td>22,231</td></tr><tr><td colspan="10">Certificates of indebtedness:</td></tr><tr><td>3-1/8% August 1961-C...</td><td>7,829</td><td>1,311</td><td>45</td><td>18</td><td>28</td><td>20</td><td>201</td><td>4,873</td><td>1,332</td></tr><tr><td>3 May 1962-A...</td><td>5,509</td><td>2,015</td><td>63</td><td>4</td><td>50</td><td>23</td><td>233</td><td>1,866</td><td>1,255</td></tr><tr><td>Total certificates of indebtedness...</td><td>13,338</td><td>3,327</td><td>109</td><td>22</td><td>78</td><td>43</td><td>434</td><td>6,739</td><td>2,587</td></tr><tr><td colspan="10">Treasury notes:</td></tr><tr><td>4% August 1961-A...</td><td>2,136</td><td>738</td><td>47</td><td>5</td><td>45</td><td>13</td><td>44</td><td>55</td><td>1,189</td></tr><tr><td>3-5/8% February 1962-A...</td><td>647</td><td>224</td><td>5</td><td>*</td><td>21</td><td>10</td><td>54</td><td>88</td><td>244</td></tr><tr><td>4 February 1962-D...</td><td>1,435</td><td>538</td><td>43</td><td>*</td><td>43</td><td>29</td><td>50</td><td>16</td><td>716</td></tr><tr><td>3-1/4% February 1962-F...</td><td>9,098</td><td>1,870</td><td>55</td><td>32</td><td>41</td><td>24</td><td>541</td><td>5,024</td><td>1,512</td></tr><tr><td>4 May 1962-E...</td><td>2,211</td><td>1,163</td><td>63</td><td>16</td><td>20</td><td>37</td><td>65</td><td>152</td><td>694</td></tr><tr><td>4 August 1962-B...</td><td>158</td><td>88</td><td>4</td><td>1</td><td>2</td><td>3</td><td>-</td><td>-</td><td>60</td></tr><tr><td>3-1/4% August 1962-C...</td><td>7,325</td><td>1,690</td><td>110</td><td>4</td><td>33</td><td>85</td><td>230</td><td>3,701</td><td>1,472</td></tr><tr><td>3-3/4% November 1962-C...</td><td>1,143</td><td>574</td><td>49</td><td>4</td><td>53</td><td>22</td><td>14</td><td>41</td><td>386</td></tr><tr><td>2-5/8% February 1963-A...</td><td>2,839</td><td>1,949</td><td>33</td><td>10</td><td>63</td><td>33</td><td>62</td><td>142</td><td>547</td></tr><tr><td>4 May 1963-B...</td><td>1,743</td><td>733</td><td>72</td><td>2</td><td>30</td><td>33</td><td>4</td><td>66</td><td>803</td></tr><tr><td>3-1/4% May 1963-D...</td><td>2,753</td><td>1,060</td><td>54</td><td>26</td><td>15</td><td>54</td><td>26</td><td>849</td><td>668</td></tr><tr><td>4-7/8% November 1963-C...</td><td>3,011</td><td>1,064</td><td>154</td><td>9</td><td>86</td><td>32</td><td>29</td><td>154</td><td>1,483</td></tr><tr><td>3-3/4% May 1964-D...</td><td>3,893</td><td>2,178</td><td>90</td><td>6</td><td>154</td><td>71</td><td>19</td><td>253</td><td>1,122</td></tr><tr><td>4-3/4% May 1964-A...</td><td>4,933</td><td>580</td><td>94</td><td>16</td><td>54</td><td>25</td><td>27</td><td>2,818</td><td>1,318</td></tr><tr><td>5 August 1964-B...</td><td>2,316</td><td>311</td><td>97</td><td>14</td><td>53</td><td>18</td><td>53</td><td>184</td><td>1,584</td></tr><tr><td>4-7/8% November 1964-C...</td><td>4,195</td><td>828</td><td>148</td><td>10</td><td>49</td><td>30</td><td>15</td><td>2,284</td><td>832</td></tr><tr><td>4-5/8% May 1965-A...</td><td>2,113</td><td>704</td><td>167</td><td>20</td><td>62</td><td>56</td><td>11</td><td>349</td><td>744</td></tr><tr><td>1-1/2% October 1961-EO...</td><td>332</td><td>94</td><td>1</td><td>2</td><td>8</td><td>*</td><td>88</td><td>5</td><td>135</td></tr><tr><td>1-1/2% April 1962-EA...</td><td>551</td><td>134</td><td>*</td><td>1</td><td>40</td><td>-</td><td>200</td><td>25</td><td>151</td></tr><tr><td>1-1/2% October 1962-EO...</td><td>590</td><td>202</td><td>1</td><td>*</td><td>13</td><td>*</td><td>228</td><td>-</td><td>146</td></tr><tr><td>1-1/2% April 1963-EA...</td><td>533</td><td>300</td><td>5</td><td>2</td><td>33</td><td>-</td><td>76</td><td>-</td><td>118</td></tr><tr><td>1-1/2% October 1963-EO...</td><td>506</td><td>293</td><td>2</td><td>1</td><td>21</td><td>*</td><td>54</td><td>-</td><td>135</td></tr><tr><td>1-1/2% April 1964-EA...</td><td>457</td><td>236</td><td>6</td><td>3</td><td>40</td><td>*</td><td>65</td><td>-</td><td>107</td></tr><tr><td>1-1/2% October 1964-EO...</td><td>490</td><td>230</td><td>13</td><td>10</td><td>31</td><td>2</td><td>62</td><td>-</td><td>142</td></tr><tr><td>1-1/2% April 1965-EA...</td><td>466</td><td>168</td><td>23</td><td>95</td><td>24</td><td>1</td><td>75</td><td>-</td><td>79</td></tr><tr><td>1-1/2% October 1965-EO...</td><td>315</td><td>186</td><td>6</td><td>17</td><td>10</td><td>1</td><td>38</td><td>-</td><td>57</td></tr><tr><td>1-1/2% April 1966-EA...</td><td>107</td><td>48</td><td>3</td><td>2</td><td>5</td><td>-</td><td>39</td><td>-</td><td>10</td></tr><tr><td>Total Treasury notes...</td><td>56,295</td><td>18,185</td><td>1,344</td><td>309</td><td>1,047</td><td>579</td><td>2,171</td><td>16,207</td><td>16,452</td></tr><tr><td colspan="10">Treasury bonds:</td></tr><tr><td>2-1/4% June 1959-62...</td><td>3,961</td><td>1,814</td><td>43</td><td>9</td><td>176</td><td>26</td><td>348</td><td>466</td><td>1,079</td></tr><tr><td>2-1/4% December 1959-62...</td><td>2,271</td><td>1,012</td><td>17</td><td>10</td><td>111</td><td>17</td><td>96</td><td>377</td><td>632</td></tr><tr><td>2-3/4% December 1960-65 12/...</td><td>1,485</td><td>1,320</td><td>2</td><td>*</td><td>29</td><td>1</td><td>16</td><td>*</td><td>117</td></tr><tr><td>2-3/4% September 1961...</td><td>2,239</td><td>868</td><td>44</td><td>5</td><td>53</td><td>27</td><td>93</td><td>111</td><td>1,037</td></tr><tr><td>2-1/2% November 1961...</td><td>6,963</td><td>3,080</td><td>100</td><td>53</td><td>178</td><td>50</td><td>1,011</td><td>150</td><td>2,342</td></tr><tr><td>2-1/2% June 1962-67...</td><td>1,464</td><td>668</td><td>88</td><td>9</td><td>95</td><td>30</td><td>16</td><td>161</td><td>396</td></tr><tr><td>2-1/2% August 1963...</td><td>4,317</td><td>2,858</td><td>46</td><td>6</td><td>200</td><td>20</td><td>98</td><td>28</td><td>1,362</td></tr><tr><td>2-1/2% December 1963-68...</td><td>1,819</td><td>608</td><td>206</td><td>59</td><td>161</td><td>62</td><td>12</td><td>217</td><td>493</td></tr><tr><td>3 February 1964...</td><td>3,854</td><td>2,376</td><td>60</td><td>2</td><td>70</td><td>100</td><td>47</td><td>123</td><td>1,378</td></tr><tr><td>2-1/2% June 1964-69...</td><td>2,638</td><td>659</td><td>441</td><td>119</td><td>154</td><td>79</td><td>15</td><td>435</td><td>736</td></tr><tr><td>2-1/2% December 1964-69...</td><td>2,557</td><td>647</td><td>299</td><td>117</td><td>116</td><td>77</td><td>4</td><td>501</td><td>756</td></tr><tr><td>2-5/8% February 1965...</td><td>6,896</td><td>3,725</td><td>113</td><td>34</td><td>309</td><td>134</td><td>173</td><td>801</td><td>1,698</td></tr><tr><td>2-1/2% March 1965-70...</td><td>4,688</td><td>431</td><td>535</td><td>804</td><td>164</td><td>69</td><td>11</td><td>1,323</td><td>1,373</td></tr><tr><td>2-1/2% March 1966-71...</td><td>2,928</td><td>159</td><td>266</td><td>750</td><td>96</td><td>62</td><td>7</td><td>761</td><td>847</td></tr><tr><td>3-3/4% May 1966...</td><td>1,213</td><td>645</td><td>33</td><td>8</td><td>26</td><td>26</td><td>*</td><td>97</td><td>378</td></tr><tr><td>3 August 1966...</td><td>1,484</td><td>836</td><td>48</td><td>2</td><td>37</td><td>65</td><td>6</td><td>134</td><td>358</td></tr><tr><td>3-3/8% November 1966...</td><td>2,438</td><td>1,406</td><td>50</td><td>14</td><td>85</td><td>57</td><td>17</td><td>114</td><td>694</td></tr><tr><td>2-1/2% June 1967-72...</td><td>1,775</td><td>130</td><td>127</td><td>80</td><td>42</td><td>71</td><td>7</td><td>176</td><td>1,145</td></tr><tr><td>2-1/2% September 1967-72...</td><td>2,716</td><td>1,147</td><td>133</td><td>22</td><td>113</td><td>83</td><td>4</td><td>330</td><td>885</td></tr><tr><td>3-5/8% November 1967...</td><td>3,604</td><td>1,352</td><td>148</td><td>43</td><td>133</td><td>147</td><td>19</td><td>689</td><td>1,072</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
56
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, JULY 31, 1961
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>Issue</th><th>Total amount outstanding</th><th>6,270 commercial banks 2 3/2</th><th>12 mutual savings banks 2/</th><th>Insurance companies life</th><th>20 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>492 corporations</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors</th></tr><tr><td>1967-68 - Continued</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-14 December 1967</td><td>5,543</td><td>130</td><td>118</td><td>17.</td><td>107</td><td>110</td><td>11</td><td>279</td><td>2,626</td></tr><tr><td>2-3 May 1968</td><td>1,390</td><td>427</td><td>103</td><td>11</td><td>3</td><td>75</td><td>*</td><td>277</td><td>443</td></tr><tr><td>3-5 October 1968</td><td>1,444</td><td>176</td><td>93</td><td>.7</td><td>58</td><td>34</td><td>*</td><td>203</td><td>831</td></tr><tr><td>4-7 November 1970</td><td>1,654</td><td>32</td><td>72</td><td>16</td><td>26</td><td>35</td><td>5</td><td>136</td><td>3</td></tr><tr><td>4-14 May 1971</td><td>1,727</td><td>12</td><td>19</td><td>11</td><td>6</td><td>13</td><td>-</td><td>114</td><td>294</td></tr><tr><td>5-1 June 1972</td><td>1,477</td><td>38</td><td>1</td><td>92</td><td>35</td><td>39</td><td>1</td><td>172</td><td>1,168</td></tr><tr><td>6-1 February 1981</td><td>1,533</td><td>1</td><td>30</td><td>110</td><td>75</td><td>14</td><td>*</td><td>101</td><td>573</td></tr><tr><td>7-1 November 1982</td><td>643</td><td>75</td><td>73</td><td>111</td><td>2</td><td>14</td><td>*</td><td>178</td><td>166</td></tr><tr><td>8-1 May 1983</td><td>1,133</td><td>125</td><td>6</td><td>194</td><td>26</td><td>106</td><td>-</td><td>154</td><td>473</td></tr><tr><td>9-1 February 1984</td><td>1,719</td><td>80</td><td>3</td><td>460</td><td>82</td><td>118</td><td>1</td><td>597</td><td>1,145</td></tr><tr><td>10-1 February 1985</td><td>1,414</td><td>57</td><td>158</td><td>230</td><td>38</td><td>69</td><td>10</td><td>177</td><td>1,956</td></tr><tr><td>11-1 November 1985</td><td>1,343</td><td>50</td><td>473</td><td>607</td><td>20</td><td>62</td><td>*</td><td>373</td><td>757</td></tr><tr><td>Total Treasury bonds</td><td>10,214</td><td>26,963</td><td>4,278</td><td>4,196</td><td>2,852</td><td>1,904</td><td>2,028</td><td>9,735</td><td>28,858</td></tr><tr><td>Subtotal securities &</td><td>1,377</td><td>41</td><td>3</td><td>19</td><td>4</td><td>9</td><td>-</td><td>87</td><td>47</td></tr><tr><td>Total public monital securities</td><td>11,591</td><td>27,668</td><td>6,13</td><td>4,728</td><td>4,145</td><td>2,640</td><td>2,143</td><td>35,983</td><td>70,175</td></tr></table>
Functes at e.3 of Tab. 4.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
<table><tr><th>Issue</th><th>Total amount outstanding</th><th>6,70 commercial banks</th><th>512 mutual savings banks</th><th>Insurance companies</th><th>307 life</th><th>520 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>488 corporations</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors</th></tr><tr><td>State savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series E</td><td>2,871</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>1</td><td>37,864</td></tr><tr><td>Series F</td><td>3,4</td><td>48</td><td>-</td><td>-</td><td>9</td><td>2</td><td>4</td><td>2</td><td>26</td></tr><tr><td>Series G</td><td>1,457</td><td>116</td><td>17</td><td>1</td><td>27</td><td>16</td><td>1</td><td>2</td><td>1,231</td></tr><tr><td>Series H</td><td>1,02</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>1</td><td>6,051</td></tr><tr><td>Series J</td><td>1,52</td><td>*</td><td>-</td><td>1</td><td>6</td><td>4</td><td>1</td><td>1</td><td>53</td></tr><tr><td>Series K</td><td>1,33</td><td>*</td><td>10</td><td>*</td><td>14</td><td>30</td><td>2</td><td>4</td><td>1,187</td></tr><tr><td>Total United States bonds</td><td>4,174</td><td>166</td><td>27</td><td>1</td><td>48</td><td>52</td><td>4</td><td>10</td><td>47,234</td></tr><tr><td>Other securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Debtuary bonds</td><td>13</td><td>186</td><td>-</td><td>-</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><td></td><td></td><td></td></tr><tr><td>A, E, A, Series</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Investment Series A</td><td>1,46</td><td>17</td><td>18</td><td>12</td><td>14</td><td>1</td><td>*</td><td>100</td><td>100</td></tr><tr><td>Investment Series B</td><td>1,10</td><td>83</td><td>11</td><td>1,18</td><td>84</td><td>9</td><td>5</td><td>2,34</td><td>1,35</td></tr><tr><td>Total other U.S. securities</td><td>1,17</td><td>396</td><td>233</td><td>1,303</td><td>100</td><td>6</td><td>5</td><td>2,445</td><td>1,472</td></tr><tr><td>Total public nonmarketable securities</td><td>4,345</td><td>4956</td><td>260</td><td>1,324</td><td>138</td><td>116</td><td>10</td><td>2,455</td><td>43,707</td></tr></table>
Includes certain obligations not subject to statutory debt limitation. For amount subject to limitation, see page 1. Excludes trust departments. Includes trust companies not beginning with figures for July 1949, also include stock savings banks. Previously, those banks were reported as a separate classification. Includes all other investors are those banks, insurance companies, savings and loan associations, and corporations not reporting in the Treasury Survey. United States savings bonds, Series E, F, and J, are shown at current redemption value. They were reported at the Treasury Survey at maturity value but have been adjusted to current redemption value for use in this statement.
6. Includes $. million depositary bonds held by commercial banks not included in the Treasury Survey.
1. Holdings by reporting investors not available.
3. Guaranteed securities are those held outside the Treasury.
2. Except partially tax-exempt bonds, which are classified to earliest call date.
10. 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 $. % of principal amount owned by any one holder is also exempt from the surtax. For all other securities, the income is subject to normal tax and surtax.
Remaining footnotes on following page.
October 1961
57
TREASURY SURVEY OF OWNERSHIP, JULY 31, 1961
Section II - Interest-Bearing Securities Issued by Federal Agencies But Not Guaranteed by the United States Government
(Par values - in millions of dollars)
<table><tr><th>Issue</th><th>Total amount outstanding 13/</th><th>6,270 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 307 life</th><th>520 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>488 corporations</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 4/</th></tr><tr><td>Banks for cooperatives: 2-7/8 August 1961 (Debentures)</td><td>130</td><td>44</td><td>7</td><td>*</td><td>1</td><td>1</td><td>11</td><td>-</td><td>68</td></tr><tr><td>2-3/4 October 1961 (Debentures)</td><td>112</td><td>22</td><td>2</td><td>-</td><td>1</td><td>-</td><td>44</td><td>-</td><td>44</td></tr><tr><td>2.70 December 1961 (Debentures)</td><td>138</td><td>27</td><td>2</td><td>5</td><td>1</td><td>*</td><td>44</td><td>-</td><td>58</td></tr><tr><td>Total banks for cooperatives securities</td><td>380</td><td>92</td><td>11</td><td>5</td><td>2</td><td>1</td><td>98</td><td>-</td><td>170</td></tr><tr><td>Federal home loan banks: 14/ 2-3/4 August 1961 (Notes)</td><td>179</td><td>42</td><td>4</td><td>2</td><td>4</td><td>11</td><td>40</td><td>-</td><td>76</td></tr><tr><td>3 September 1961 (Notes)</td><td>139</td><td>30</td><td>7</td><td>2</td><td>1</td><td>11</td><td>33</td><td>-</td><td>55</td></tr><tr><td>3.10 January 1962 (Notes)</td><td>148</td><td>41</td><td>8</td><td>1</td><td>*</td><td>11</td><td>30</td><td>-</td><td>58</td></tr><tr><td>3 February 1962 (Notes)</td><td>238</td><td>53</td><td>10</td><td>-</td><td>4</td><td>16</td><td>72</td><td>-</td><td>83</td></tr><tr><td>3 March 1962 (Notes)</td><td>100</td><td>25</td><td>6</td><td>*</td><td>-</td><td>5</td><td>16</td><td>-</td><td>48</td></tr><tr><td>3-1/8 April 1963 (Bonds)</td><td>250</td><td>79</td><td>6</td><td>1</td><td>5</td><td>67</td><td>2</td><td>-</td><td>91</td></tr><tr><td>Total Federal home loan bank securities</td><td>1,054</td><td>269</td><td>41</td><td>5</td><td>15</td><td>120</td><td>194</td><td>-</td><td>410</td></tr><tr><td>Federal intermediate credit banks: Debentures</td><td>1,767</td><td>369</td><td>99</td><td>12</td><td>25</td><td>11</td><td>392</td><td>14</td><td>846</td></tr><tr><td>Federal land banks: 15/ 4/ September 1961 (Bonds)</td><td>120</td><td>29</td><td>4</td><td>*</td><td>2</td><td>*</td><td>3</td><td>-</td><td>82</td></tr><tr><td>3-3/8 February 1962 (Bonds)</td><td>91</td><td>29</td><td>5</td><td>1</td><td>1</td><td>1</td><td>8</td><td>-</td><td>46</td></tr><tr><td>4 May 1962 (Bonds)</td><td>125</td><td>19</td><td>3</td><td>1</td><td>2</td><td>1</td><td>17</td><td>-</td><td>83</td></tr><tr><td>4-7/8 August 1962 (Bonds)</td><td>98</td><td>11</td><td>5</td><td>*</td><td>3</td><td>*</td><td>1</td><td>-</td><td>77</td></tr><tr><td>3-1/4 October 1962 (Bonds)</td><td>104</td><td>32</td><td>9</td><td>1</td><td>2</td><td>1</td><td>2</td><td>-</td><td>57</td></tr><tr><td>3-5/8 February 1963 (Bonds)</td><td>115</td><td>30</td><td>8</td><td>-</td><td>2</td><td>-</td><td>4</td><td>-</td><td>72</td></tr><tr><td>2-3/4 May 1963 (Bonds)</td><td>122</td><td>64</td><td>4</td><td>1</td><td>1</td><td>*</td><td>1</td><td>-</td><td>51</td></tr><tr><td>4-1/2 April 1964 (Bonds)</td><td>147</td><td>19</td><td>15</td><td>3</td><td>6</td><td>1</td><td>2</td><td>-</td><td>102</td></tr><tr><td>4 October 1964 (Bonds)</td><td>90</td><td>31</td><td>12</td><td>*</td><td>1</td><td>*</td><td>-</td><td>-</td><td>46</td></tr><tr><td>4 October 1965 (Bonds)</td><td>160</td><td>47</td><td>20</td><td>*</td><td>4</td><td>2</td><td>2</td><td>-</td><td>85</td></tr><tr><td>4 December 1965 (Bonds)</td><td>115</td><td>27</td><td>18</td><td>*</td><td>1</td><td>1</td><td>-</td><td>-</td><td>68</td></tr><tr><td>3-5/8 February 1966 (Bonds)</td><td>150</td><td>26</td><td>38</td><td>2</td><td>6</td><td>1</td><td>*</td><td>-</td><td>76</td></tr><tr><td>3-1/4 May 1966 (Bonds)</td><td>108</td><td>40</td><td>6</td><td>*</td><td>5</td><td>1</td><td>-</td><td>-</td><td>56</td></tr><tr><td>4-1/8 February 1967-72 (Bonds)</td><td>72</td><td>2</td><td>2</td><td>6</td><td>1</td><td>*</td><td>*</td><td>-</td><td>62</td></tr><tr><td>4-1/2 October 1967-70 (Bonds)</td><td>75</td><td>3</td><td>3</td><td>1</td><td>2</td><td>*</td><td>1</td><td>-</td><td>64</td></tr><tr><td>4-1/4 March 1968 (Bonds)</td><td>86</td><td>5</td><td>5</td><td>1</td><td>1</td><td>*</td><td>*</td><td>-</td><td>75</td></tr><tr><td>4-3/8 March 1969 (Bonds)</td><td>100</td><td>6</td><td>6</td><td>2</td><td>1</td><td>*</td><td>-</td><td>-</td><td>85</td></tr><tr><td>4-5/8 July 1969 (Bonds)</td><td>60</td><td>2</td><td>1</td><td>1</td><td>1</td><td>*</td><td>*</td><td>-</td><td>54</td></tr><tr><td>5-1/8 February 1970 (Bonds)</td><td>82</td><td>2</td><td>7</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>70</td></tr><tr><td>3-1/2 April 1970 (Bonds)</td><td>83</td><td>10</td><td>9</td><td>*</td><td>1</td><td>2</td><td>-</td><td>-</td><td>61</td></tr><tr><td>5-1/8 July 1970 (Bonds)</td><td>85</td><td>1</td><td>3</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>78</td></tr><tr><td>3-1/2 May 1971 (Bonds)</td><td>60</td><td>1</td><td>1</td><td>2</td><td>2</td><td>*</td><td>*</td><td>-</td><td>53</td></tr><tr><td>3-7/8 September 1972 (Bonds)</td><td>109</td><td>2</td><td>2</td><td>6</td><td>3</td><td>1</td><td>1</td><td>-</td><td>94</td></tr><tr><td>Total Federal land bank securities</td><td>2,357</td><td>439</td><td>186</td><td>32</td><td>49</td><td>12</td><td>42</td><td>-</td><td>1,597</td></tr><tr><td>Federal National Mortgage Association: Discount notes</td><td>339</td><td>26</td><td>10</td><td>2</td><td>1</td><td>9</td><td>148</td><td>-</td><td>143</td></tr><tr><td>5-1/8 September 1961 (Debentures)</td><td>150</td><td>17</td><td>6</td><td>2</td><td>5</td><td>6</td><td>12</td><td>-</td><td>101</td></tr><tr><td>3-1/2 February 1962 (Debentures)</td><td>200</td><td>47</td><td>13</td><td>1</td><td>6</td><td>17</td><td>8</td><td>-</td><td>108</td></tr><tr><td>4-7/8 September 1962 (Debentures)</td><td>150</td><td>13</td><td>17</td><td>2</td><td>3</td><td>10</td><td>1</td><td>-</td><td>104</td></tr><tr><td>3-1/4 March 1963 (Debentures)</td><td>150</td><td>44</td><td>8</td><td>*</td><td>4</td><td>17</td><td>7</td><td>-</td><td>70</td></tr><tr><td>4-1/8 November 1963 (Debentures)</td><td>100</td><td>16</td><td>7</td><td>*</td><td>8</td><td>7</td><td>-</td><td>-</td><td>62</td></tr><tr><td>3-5/8 May 1964 (Debentures)</td><td>100</td><td>33</td><td>3</td><td>1</td><td>1</td><td>15</td><td>-</td><td>-</td><td>47</td></tr><tr><td>4-3/8 June 1965 (Debentures)</td><td>100</td><td>14</td><td>9</td><td>1</td><td>4</td><td>11</td><td>*</td><td>-</td><td>61</td></tr><tr><td>4-1/8 December 1966 (Debentures)</td><td>100</td><td>20</td><td>8</td><td>*</td><td>3</td><td>14</td><td>4</td><td>-</td><td>52</td></tr><tr><td>3-5/8 March 1968 (Debentures)</td><td>100</td><td>14</td><td>7</td><td>1</td><td>5</td><td>24</td><td>*</td><td>-</td><td>49</td></tr><tr><td>4-3/8 April 1969 (Debentures)</td><td>90</td><td>4</td><td>7</td><td>2</td><td>8</td><td>3</td><td>-</td><td>-</td><td>66</td></tr><tr><td>4-5/8 April 1970 (Debentures)</td><td>150</td><td>5</td><td>18</td><td>5</td><td>9</td><td>2</td><td>2</td><td>-</td><td>108</td></tr><tr><td>4-1/8 September 1970 (Debentures)</td><td>125</td><td>9</td><td>13</td><td>1</td><td>11</td><td>7</td><td>1</td><td>-</td><td>81</td></tr><tr><td>4-1/8 August 1971 (Debentures)</td><td>75</td><td>6</td><td>9</td><td>1</td><td>11</td><td>4</td><td>-</td><td>-</td><td>44</td></tr><tr><td>5-1/8 February 1972 (Debentures)</td><td>100</td><td>2</td><td>10</td><td>3</td><td>2</td><td>-</td><td>-</td><td>-</td><td>84</td></tr><tr><td>4-1/4 June 1973 (Debentures)</td><td>150</td><td>19</td><td>26</td><td>1</td><td>3</td><td>16</td><td>1</td><td>-</td><td>82</td></tr><tr><td>Total Federal National Mortgage Association securities</td><td>2,179</td><td>290</td><td>171</td><td>24</td><td>83</td><td>162</td><td>184</td><td>-</td><td>1,265</td></tr><tr><td>Tennessee Valley Authority: 4.40% November 1985 (Bonds)</td><td>50</td><td>*</td><td>1</td><td>5</td><td>9</td><td>*</td><td>-</td><td>-</td><td>35</td></tr><tr><td>4-5/8 July 1986 (Bonds)</td><td>50</td><td>4</td><td>*</td><td>1</td><td>1</td><td>*</td><td>4</td><td>-</td><td>40</td></tr><tr><td>Total Tennessee Valley Authority securities</td><td>100</td><td>4</td><td>1</td><td>6</td><td>9</td><td>1</td><td>4</td><td>-</td><td>75</td></tr></table>
Footnotes 1 through 10 on preceding page.
11 Includes guaranteed securities which are classified as taxable although a small indeterminate amount of the Federal Housing Administration debentures is partially tax-exempt.
12 The Treasury bonds of 1960-65 are partially tax-exempt (see footnote 10).
13 Includes only publicly offered issues.
14/ The proprietary interest of the United States in these banks ended in July 1951.
15/ The proprietary interest of the United States in these banks ended in June 1947.
Less than $500,000.
58
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST 31, 1961
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 outstand- ing (millions)</th><th colspan="3">Issue date</th><th rowspan="2">Maturity date</th><th colspan="2">Bank discount</th><th rowspan="2">Amount outstand- ing (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="7">Regular weekly bills - 13 and 26 weeks</td><td colspan="5">Regular weekly bills - 26 weeks</td></tr><tr><td>$1,101</td><td>$200 1/2</td><td>6/8/61</td><td>3/9/61</td><td>9/7/61</td><td>1.90%</td><td>+1.04</td><td>$500</td><td>7/6/61</td><td>1/4/62</td><td>2.44%</td><td>+0.04</td></tr><tr><td>1,101</td><td>600 1/2</td><td>6/15/61</td><td>3/16/61</td><td>9/14/61</td><td>1.90</td><td>+0.05</td><td>500</td><td>7/13/61</td><td>1/11/62</td><td>2.46</td><td>+0.06</td></tr><tr><td>1,101</td><td>600 1/2</td><td>6/23/61</td><td>3/23/61</td><td>9/21/61</td><td>1.95</td><td>+0.01</td><td>500</td><td>7/20/61</td><td>1/18/62</td><td>2.54</td><td>+0.08</td></tr><tr><td>1,100</td><td>600 1/2</td><td>6/29/61</td><td>3/30/61</td><td>9/28/61</td><td>2.02</td><td>-0.08</td><td>500</td><td>7/27/61</td><td>1/25/62</td><td>2.54</td><td>+0.06</td></tr><tr><td>1,101</td><td>600 1/2</td><td>7/6/61</td><td>4/6/61</td><td>1/5/61</td><td>2.06</td><td>-1.11</td><td>600</td><td>8/3/61</td><td>2/1/62</td><td>2.62</td><td>-</td></tr><tr><td>1,101</td><td>600 1/2</td><td>7/13/61</td><td>4/13/61</td><td>10/13/61</td><td>2.16</td><td>-0.02</td><td>600</td><td>8/10/61</td><td>2/8/62</td><td>2.64</td><td>-</td></tr><tr><td>1,100</td><td>500 1/2</td><td>7/20/61</td><td>4/20/61</td><td>10/19/61</td><td>2.22</td><td>+0.01</td><td>600</td><td>8/17/61</td><td>2/15/62</td><td>2.65</td><td>-</td></tr><tr><td>1,100</td><td>500 1/2</td><td>7/27/61</td><td>4/27/61</td><td>10/26/61</td><td>2.22</td><td>-0.02</td><td>600</td><td>8/24/61</td><td>2/23/62</td><td>2.64</td><td>-</td></tr><tr><td>1,101</td><td>600 1/2</td><td>8/3/61</td><td>5/4/61</td><td>11/2/61</td><td>2.30</td><td>+0.04</td><td>600</td><td>8/31/61</td><td>3/1/62</td><td>2.66</td><td>-</td></tr><tr><td>1,100</td><td>600 1/2</td><td>8/10/61</td><td>5/11/61</td><td>11/9/61</td><td>2.32</td><td>+0.06</td><td colspan="5">Tax anticipation bills</td></tr><tr><td>1,101</td><td>600 1/2</td><td>8/17/61</td><td>5/18/61</td><td>11/16/61</td><td>2.32</td><td>+0.06</td><td>$1,503</td><td>4/3/61</td><td>9/22/61</td><td>1.90%</td><td>-0.04</td></tr><tr><td>1,101</td><td>600 1/2</td><td>8/24/61</td><td>5/25/61</td><td>11/24/61</td><td>2.33</td><td>+0.07</td><td>3,503</td><td>7/26/61</td><td>3/23/62</td><td>2.79</td><td>+0.17</td></tr><tr><td>1,100</td><td>600 1/2</td><td>8/31/61</td><td>6/1/61</td><td>11/30/61</td><td>2.35</td><td>+0.09</td><td colspan="5">Other bills</td></tr><tr><td>-</td><td>-</td><td>6/8/61</td><td>12/7/61</td><td>2.32</td><td>+0.10</td><td>$1,502</td><td>10/17/60</td><td>10/16/61</td><td>2.18%</td><td>-0.02</td></tr><tr><td>-</td><td>-</td><td>6/15/61</td><td>12/14/61</td><td>2.31</td><td>+0.09</td><td>1,502</td><td>1/15/61</td><td>1/15/62</td><td>2.52</td><td>+0.12</td></tr><tr><td>-</td><td>-</td><td>6/23/61</td><td>12/21/61</td><td>2.30</td><td>+0.06</td><td>2,000</td><td>4/15/61</td><td>4/15/62</td><td>2.81</td><td>+0.18</td></tr><tr><td>-</td><td>-</td><td>6/29/61</td><td>12/28/61</td><td>2.30</td><td>+0.06</td><td>2,004</td><td>7/15/61</td><td>7/15/62</td><td>2.90</td><td>+0.06</td></tr></table>
Footnotes at end of Table 5.
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are ½nds)
<table><tr><th>Amount outstanding (millions)</th><th colspan="2">Description</th><th>Issue date</th><th colspan="2">Price</th><th colspan="2">Yield</th></tr><tr><th></th><th></th><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th></tr><tr><td>$5,509</td><td>34</td><td>5/15/62-A</td><td>5/15/61</td><td>100.01</td><td>-.03</td><td>2.95%</td><td>+.12%</td></tr></table>
Table 3. - Treasury Notes (Taxable)
(Price decimals are 32nds)
<table><tr><th>Amount outstanding (millions)</th><th colspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="2">Price range since first traded 2/</th><th colspan="2"></th></tr><tr><th></th><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th>High</th><th>Price</th><th>Date</th><th>Low</th><th>Date</th></tr><tr><td>$7.77</td><td>3-6/8%</td><td>-</td><td>10C.12</td><td>-.05</td><td>2.76%</td><td>+.14%</td><td>5/1/57</td><td>105.12</td><td>4/24/58</td><td>90.30</td><td>12/22/59</td></tr><tr><td>1,405</td><td>2/17/62-D</td><td>-</td><td>100.18</td><td>-.05</td><td>2.71</td><td>+.10</td><td>2/15/59</td><td>101.26</td><td>10/14/60</td><td>97.22</td><td>12/17/59</td></tr><tr><td>1,488</td><td>3-1/4</td><td>-</td><td>100.18</td><td>-.04</td><td>2.82</td><td>+.19</td><td>11/15/60</td><td>100.21</td><td>12/30/60</td><td>100.01</td><td>11/29/60</td></tr><tr><td>1,111</td><td>4</td><td>-</td><td>100.23</td><td>-.05</td><td>2.95</td><td>+.11</td><td>4/14/60</td><td>101.24</td><td>12/30/60</td><td>98.31</td><td>5/18/60</td></tr><tr><td>1.9</td><td>8/15/62-B</td><td>2</td><td>100.28</td><td>-.02</td><td>3.05</td><td>-.02</td><td>9/26/57</td><td>107.05</td><td>6/6/58</td><td>98.16</td><td>12/4/59</td></tr><tr><td>7,324</td><td>3-1/4</td><td>-</td><td>100.18</td><td>-.05</td><td>3.05</td><td>+.14</td><td>2/15/61</td><td>100.16</td><td>5/15/61</td><td>100.03</td><td>8/17/61</td></tr><tr><td>1,143</td><td>11/15/62-G</td><td>-</td><td>100.22</td><td>-.14</td><td>3.16</td><td>+.11</td><td>11/29/57</td><td>106.13</td><td>4/22/58</td><td>96.0</td><td>12/28/59</td></tr><tr><td>6,082</td><td>3-1/4</td><td>-</td><td>100.01</td><td>-.05</td><td>3.19</td><td>+.11</td><td>8/1/61</td><td>100.09</td><td>7/21/61</td><td>100.01</td><td>8/23/61</td></tr><tr><td>2,839</td><td>2-5/8</td><td>-</td><td>99.16</td><td>-.05</td><td>3.21</td><td>+.15</td><td>4/15/58</td><td>101.14</td><td>6/11/58</td><td>92.09</td><td>9/15/59</td></tr><tr><td>1,743</td><td>5/15/63-B</td><td>2/</td><td>101.4</td><td>-.10</td><td>3.31</td><td>+.07</td><td>4/1/59</td><td>102.08</td><td>12/29/60</td><td>96.14</td><td>12/29/59</td></tr><tr><td>1,773</td><td>3-1/4</td><td>-</td><td>99.30</td><td>-.16</td><td>3.29</td><td>+.14</td><td>5/15/61</td><td>100.14</td><td>5/12/61</td><td>99.20</td><td>6/6/61</td></tr><tr><td>3,111</td><td>11/15/63-1</td><td>2/</td><td>100.36</td><td>-.11</td><td>3.47</td><td>+.09</td><td>11/15/59</td><td>104.23</td><td>12/30/60</td><td>99.19</td><td>1/6/60</td></tr><tr><td>4,933</td><td>4-3/4</td><td>-</td><td>100.22</td><td>-.14</td><td>3.70</td><td>+.14</td><td>7/20/59</td><td>104.25</td><td>5/12/61</td><td>99.18</td><td>12/29/59</td></tr><tr><td>3,893</td><td>3-3/4</td><td>-</td><td>100.24</td><td>-.11</td><td>3.70</td><td>+.05</td><td>6/23/60</td><td>101.26</td><td>5/15/61</td><td>98.11</td><td>6/9/60</td></tr><tr><td>1,316</td><td>8/15/64-B</td><td>2/</td><td>100.22</td><td>-.08</td><td>3.69</td><td>+.04</td><td>10/15/59</td><td>105.28</td><td>5/12/61</td><td>100.09</td><td>12/4/59</td></tr><tr><td>5,019</td><td>3-3/4</td><td>-</td><td>100.14</td><td>-.13</td><td>3.73</td><td>+.14</td><td>8/1/61</td><td>100.11</td><td>7/21/61</td><td>99.23</td><td>8/14/61</td></tr><tr><td>1,119</td><td>4-7/8</td><td>-</td><td>100.10</td><td>-.12</td><td>3.76</td><td>+.04</td><td>2/15/60</td><td>105.22</td><td>5/15/61</td><td>99.25</td><td>2/2/60</td></tr><tr><td>1,113</td><td>4-5/8</td><td>-</td><td>100.24</td><td>-.12</td><td>3.8.</td><td>+.08</td><td>5/15/60</td><td>105.07</td><td>5/12/61</td><td>99.25</td><td>5/18/60</td></tr><tr><td>1.</td><td>1-1/2</td><td>-</td><td>99.28</td><td>+.1</td><td>3.24</td><td>+.80</td><td>10/1/56</td><td>100.01</td><td>7/18/61</td><td>90.06</td><td>6/21/57</td></tr><tr><td>51</td><td>1-1/2</td><td>-</td><td>99.18</td><td>-.7</td><td>2.78</td><td>+.51</td><td>4/1/57</td><td>99.18</td><td>7/25/61</td><td>88.18</td><td>8/13/57</td></tr><tr><td>190</td><td>1-1/4</td><td>-</td><td>98.18</td><td>-.14</td><td>2.87</td><td>+.22</td><td>10/1/57</td><td>98.25</td><td>7/21/61</td><td>88.12</td><td>10/2/57</td></tr><tr><td>133</td><td>1-1/2</td><td>-</td><td>97.12</td><td>-.1</td><td>3.23</td><td>+.30</td><td>4/1/58</td><td>97.30</td><td>5/15/61</td><td>88.14</td><td>9/16/59</td></tr><tr><td>100</td><td>1-1/2</td><td>-</td><td>96.14</td><td>-.16</td><td>3.29</td><td>+.17</td><td>10/1/58</td><td>97.12</td><td>5/15/61</td><td>87.08</td><td>9/16/59</td></tr><tr><td>457</td><td>1-1/2</td><td>-</td><td>95.06</td><td>-.12</td><td>3.52</td><td>+.22</td><td>4/1/59</td><td>96.16</td><td>5/15/61</td><td>85.16</td><td>9/15/59</td></tr><tr><td>490</td><td>1-1/2</td><td>-</td><td>93.28</td><td>-.12</td><td>3.63</td><td>+.20</td><td>10/1/59</td><td>95.18</td><td>5/15/61</td><td>85.00</td><td>9/30/59</td></tr><tr><td>496</td><td>1-1/2</td><td>-</td><td>92.14</td><td>-.12</td><td>3.88</td><td>+.27</td><td>4/1/60</td><td>99.30</td><td>4/6/60</td><td>87.12</td><td>5/24/60</td></tr><tr><td>315</td><td>1-1/2</td><td>-</td><td>91.14</td><td>-.12</td><td>3.88</td><td>+.24</td><td>10/1/60</td><td>94.00</td><td>5/16/61</td><td>90.06</td><td>11/29/60</td></tr><tr><td>17</td><td>1-1/2</td><td>-</td><td>89.18</td><td>-.38</td><td>4.02</td><td>+.35</td><td>4/1/61</td><td>93.02</td><td>5/15/61</td><td>89.16</td><td>8/16/61</td></tr></table>
Footnotes at end of Table 5.
October 1961
59
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST 31, 1961
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 2/</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td>$351</td><td>2-3/4%</td><td>-</td><td>9/15/61 8/</td><td>100.00</td><td>-.01</td><td>2.69%</td><td>+.23%</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>6,963</td><td>2-1/2</td><td>-</td><td>11/15/61 6/</td><td>100.00</td><td>-.01</td><td>2.40</td><td>+.07</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>3,960</td><td>2-1/4</td><td>-</td><td>6/15/59-62 4/</td><td>99.16</td><td>-.02</td><td>2.90</td><td>+.14</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>2,271</td><td>2-1/4</td><td>-</td><td>12/15/59-62 4/</td><td>99.02</td><td>-.04</td><td>3.00</td><td>+.14</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>4,317</td><td>2-1/2</td><td>-</td><td>8/15/63 4/</td><td>98.16</td><td>-.04</td><td>3.30</td><td>+.10</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>3,854</td><td>3</td><td>-</td><td>2/15/64</td><td>98.24</td><td>-.08</td><td>3.54</td><td>+.13</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>6,896</td><td>2-5/8</td><td>-</td><td>2/15/65</td><td>96.04</td><td>-.08</td><td>3.84</td><td>+.11</td><td>6/15/58</td><td>100.13</td><td>6/5/58</td><td>89.00</td><td>1/6/60</td></tr><tr><td>1,213</td><td>3-3/4</td><td>-</td><td>5/15/66</td><td>99.28</td><td>-.04</td><td>3.78</td><td>+.03</td><td>11/15/60</td><td>102.11</td><td>5/15/61</td><td>99.12</td><td>8/9/61</td></tr><tr><td>1,484</td><td>3</td><td>-</td><td>8/15/66</td><td>96.29</td><td>-.03</td><td>3.70</td><td>+.04</td><td>2/28/58</td><td>103.20</td><td>4/21/58</td><td>89.24</td><td>1/6/60</td></tr><tr><td>2,438</td><td>3-3/8</td><td>-</td><td>11/15/66</td><td>97.28</td><td>-.04</td><td>3.85</td><td>+.05</td><td>3/15/61</td><td>100.06</td><td>5/15/61</td><td>97.13</td><td>8/9/61</td></tr><tr><td>1,464</td><td>2-1/2</td><td>-</td><td>6/15/62-67 9/</td><td>92.06</td><td>-.06</td><td>4.03</td><td>+.06</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>3,604</td><td>3-5/8</td><td>-</td><td>11/15/67</td><td>98.06</td><td>-.04</td><td>3.96</td><td>+.03</td><td>3/15/61</td><td>100.24</td><td>5/12/61</td><td>97.18</td><td>8/8/61</td></tr><tr><td>2,137</td><td>3-7/8</td><td>-</td><td>5/15/68 6/</td><td>99.07</td><td>+.02</td><td>4.01</td><td>-.01</td><td>6/23/60</td><td>102.04</td><td>5/12/61</td><td>98.11</td><td>6/9/60</td></tr><tr><td>1,819</td><td>2-1/2</td><td>-</td><td>12/15/63-68 2/</td><td>90.06</td><td>-.06</td><td>4.07</td><td>+.05</td><td>12/1/42</td><td>108.03</td><td>4/6/46</td><td>82.08</td><td>1/6/60</td></tr><tr><td>2,638</td><td>2-1/2</td><td>-</td><td>6/15/64-69 2/</td><td>89.18</td><td>-.06</td><td>4.08</td><td>+.05</td><td>4/15/43</td><td>107.25</td><td>4/6/46</td><td>81.10</td><td>1/6/60</td></tr><tr><td>1,424</td><td>4</td><td>-</td><td>10/1/69 10/</td><td>100.18</td><td>-.04</td><td>3.92</td><td>+.02</td><td>10/1/57</td><td>110.14</td><td>6/5/61</td><td>94.04</td><td>12/30/59</td></tr><tr><td>2,556</td><td>2-1/2</td><td>-</td><td>12/15/64-69 9/</td><td>89.04</td><td>.00</td><td>4.06</td><td>+.01</td><td>9/15/43</td><td>107.24</td><td>4/6/46</td><td>81.04</td><td>1/6/60</td></tr><tr><td>4,688</td><td>2-1/2</td><td>-</td><td>3/15/65-70</td><td>89.00</td><td>+.02</td><td>4.04</td><td>+.01</td><td>2/1/44</td><td>107.23</td><td>4/6/46</td><td>80.10</td><td>1/6/60</td></tr><tr><td>2,927</td><td>2-1/2</td><td>-</td><td>3/15/66-71</td><td>88.00</td><td>-.02</td><td>4.03</td><td>+.02</td><td>12/1/44</td><td>107.22</td><td>4/6/46</td><td>79.28</td><td>1/6/60</td></tr><tr><td>1,768</td><td>2-1/2</td><td>-</td><td>6/15/67-72</td><td>86.26</td><td>-.08</td><td>4.02</td><td>+.04</td><td>6/1/45</td><td>106.16</td><td>4/6/46</td><td>79.12</td><td>1/6/60</td></tr><tr><td>2,716</td><td>2-1/2</td><td>-</td><td>9/15/67-72</td><td>86.24</td><td>-.08</td><td>4.00</td><td>+.04</td><td>10/20/41</td><td>109.18</td><td>4/6/46</td><td>78.24</td><td>1/6/60</td></tr><tr><td>3,547</td><td>2-1/2</td><td>-</td><td>12/15/67-72</td><td>86.24</td><td>-.08</td><td>3.97</td><td>+.04</td><td>11/15/45</td><td>106.16</td><td>4/6/46</td><td>79.06</td><td>1/6/60</td></tr><tr><td>654</td><td>3-7/8</td><td>-</td><td>11/15/74 11/</td><td>98.16</td><td>-.28</td><td>4.02</td><td>+.09</td><td>12/2/57</td><td>110.24</td><td>4/22/58</td><td>92.08</td><td>1/6/60</td></tr><tr><td>884</td><td>4</td><td>-</td><td>2/15/80 11/</td><td>99.20</td><td>-.22</td><td>4.03</td><td>+.05</td><td>1/23/59</td><td>103.18</td><td>5/12/61</td><td>93.08</td><td>1/6/60</td></tr><tr><td>643</td><td>3-1/2</td><td>-</td><td>11/15/80 9/ 11/</td><td>92.26</td><td>-1.04</td><td>4.04</td><td>+.09</td><td>10/3/60</td><td>97.24</td><td>5/12/61</td><td>92.22</td><td>8/9/61</td></tr><tr><td>1,597</td><td>3-1/4</td><td>-</td><td>6/15/78-83 11/</td><td>88.18</td><td>-1.20</td><td>4.04</td><td>+.11</td><td>5/1/53</td><td>111.28</td><td>8/4/54</td><td>82.06</td><td>1/6/60</td></tr><tr><td>1,133</td><td>3-1/4</td><td>-</td><td>5/15/85 11/</td><td>88.18</td><td>-1.18</td><td>4.00</td><td>+.11</td><td>6/3/58</td><td>101.04</td><td>6/11/58</td><td>82.04</td><td>1/6/60</td></tr><tr><td>470</td><td>4-1/4</td><td>-</td><td>5/15/75-85 11/</td><td>102.04</td><td>-.20</td><td>4.05</td><td>+.06</td><td>4/5/60</td><td>105.28</td><td>5/5/61</td><td>98.10</td><td>5/19/60</td></tr><tr><td>2,718</td><td>3-1/2</td><td>-</td><td>2/15/90 9/ 11/</td><td>90.06</td><td>-1.28</td><td>4.08</td><td>+.11</td><td>2/14/58</td><td>106.26</td><td>4/21/58</td><td>84.08</td><td>1/6/60</td></tr><tr><td>2,692</td><td>3</td><td>-</td><td>2/15/95 11/</td><td>85.14</td><td>-1.04</td><td>3.77</td><td>+.06</td><td>2/15/55</td><td>101.12</td><td>6/8/55</td><td>79.08</td><td>1/6/60</td></tr><tr><td>2,343</td><td>3-1/2</td><td>-</td><td>11/15/98 9/ 11/</td><td>89.08</td><td>-1.28</td><td>4.06</td><td>+.10</td><td>10/3/60</td><td>95.14</td><td>5/12/61</td><td>89.04</td><td>8/25/61</td></tr></table>
Footnotes at end of Table 5.
Table 5.- Partially Tax-Exempt Treasury Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 2/</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>100.14</td><td>-.03</td><td>2.18%</td><td>+.88%</td><td>12/15/38</td><td>119.00</td><td>1/25/46</td><td>95.16</td><td>12/28/59</td></tr></table>
includes approximately $100 million issued for cash on June 14, 1961, as part of a "strip" of additional amounts of eighteen series of Treasury bills, maturing each week from August 3 to November 30, 1961.
Beginning April 1953, prices are closing bid quotations in the over-the-counter market. Prices for prior dates are the mean of closing bid and ask quotations, except that before October 1, 1939, they are closing prices on the New York Stock Exchange. "When issued" prices are included in the history beginning October 1, 1939. Dates of highs and lows in case of recurrence are the latest dates.
Of the $2,000 million 4½ notes of August 15, 1962, outstanding on October 31, 1959, $1,684 million were exchanged for the 4-7/8% notes of November 15, 1963, and $159 million were presented for stamping for redemption on February 15, 1960, leaving $158 million to mature August 15, 1962.
The following exchanges resulted from the advance refunding offer dated March 15, 1961: $2,438 million of the 2-1/2% bonds of August 15, 1963, for 3-3/8% bonds of November 15, 1966; and $1,292 million of the 2-1/4% bonds of June 15, 1959-62, $1,180 million of the 2-1/4% bonds of December 15, 1959-62, and $1,131 million of the 2-5/8% notes
$1,131 million of the 2-1/2% bonds of February 15, 1963, for 3-5/8% bonds of November 15, 1967. See "Debt Operations," Table 6.
5/ Amount outstanding includes an additional issue of $749 million on December 15, 1959, accepted in exchange for F and G savings bonds due to mature in 1960.
6/ Following the advance refunding offer announcement dated June 6, 1960, relative to the 2-1/2% bond of November 15, 1961, outstanding in the
amount of $11,177 million, $3,893 million were exchanged for 3-3/4% notes of May 15, 1964, and $320 million for 3-7/8% bonds of May 15, 1968. As a result of later offerings, an additional amount of $1,817 million of 3-7/8% bonds of May 15, 1968, was issued. See "Debt Operations," Table 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 benefit on callable issues as more significant
3/ Of the $2,239 million 2-3/4 bonds of September 15, 1961, outstanding on July 31, 1961, $1,888 million were exchanged for other securities. See Debt Operations," Table 6.
The following exchanges resulted from the advance refunding offer dated September 9, 1960: $643 million of the 2-1/2% bonds of June 15, 1962-67, for 3-1/2% bonds of November 15, 1980; $993 million of the 2-1/2% bonds of December 15, 1963-68, for 3-1/2% bonds of February 15, 1990 (an additional issue of an existing bond); and a total of $2,343 million of the 2-1/2% bonds of June 15, 1964-69, and December 15, 1964-69, for 3-1/2% bonds of November 15, 1998. The issue date for the
new and additional issues was October 3, 1960. See "Debt Operations Table 6.
10/ Amount outstanding includes an additional issue of $1.48 million on December 15, 1960, accepted in exchange for F and G savings bonds due to mature in 1961.
11/ Included in the average yield of long-term taxable Treasury bonds as shown under "Average Yields of Long-Term Bonds."
60
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST 31, 1961
YIELDS OF TAXABLE TREASURY SECURITIES, AUG 31, 1961
Based on Closing Bid Quotations
Explanation. The points represent yields to call when prices are above par and to maturity date when prices are at par or below. The smooth curves (for the two classes of points) are fitted by eye. Market yields on regular weekly bills other than those offered the latest week and on maturing coupon issues for which an exchange rate has been made and on any issues which are due in less than 3 months are excluded.
Office of the Secretary of the Secretary
F-598-J
October 1961
61
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>1949</td><td>2.31</td><td>2.66</td><td>1956</td><td>3.08</td><td>3.36</td></tr><tr><td>1943</td><td>2.47</td><td>2.73</td><td>1950</td><td>2.32</td><td>2.62</td><td>1957</td><td>3.47</td><td>3.89</td></tr><tr><td>1944</td><td>2.48</td><td>2.72</td><td>1951</td><td>2.57</td><td>2.86</td><td>1958</td><td>3.43</td><td>3.79</td></tr><tr><td>1945</td><td>2.37</td><td>2.62</td><td>1952</td><td>2.68</td><td>2.96</td><td>1959</td><td>4.08</td><td>4.38</td></tr><tr><td>1946</td><td>2.19</td><td>2.53</td><td>1953</td><td>2.94</td><td>3.20</td><td>1960</td><td>4.02</td><td>4.41</td></tr><tr><td>1947</td><td>2.25</td><td>2.61</td><td>1954</td><td>2.55</td><td>2.90</td><td></td><td></td><td></td></tr><tr><td>1948</td><td>2.44</td><td>2.82</td><td>1955</td><td>2.84</td><td>3.06</td><td></td><td></td><td></td></tr></table>
Monthly series - averages of daily series
<table><tr><td>1953-April.........</td><td>2.97 2/</td><td>3.23</td><td>1956-April.........</td><td>3.07</td><td>3.24</td><td>1959-April.........</td><td>4.01</td><td>4.23</td></tr><tr><td>May.........</td><td>3.11</td><td>3.34</td><td>May.........</td><td>2.97</td><td>3.28</td><td>May.........</td><td>4.08</td><td>4.37</td></tr><tr><td>June.........</td><td>3.13</td><td>3.40</td><td>June.........</td><td>2.93</td><td>3.27</td><td>June.........</td><td>4.29</td><td>4.46</td></tr><tr><td>July.........</td><td>3.02</td><td>3.28</td><td>July.........</td><td>3.00</td><td>3.28</td><td>July.........</td><td>4.11</td><td>4.47</td></tr><tr><td>August.........</td><td>3.02</td><td>3.24</td><td>August.........</td><td>3.17</td><td>3.43</td><td>August.........</td><td>4.10</td><td>4.43</td></tr><tr><td>September.........</td><td>2.98</td><td>3.29</td><td>September.........</td><td>3.21</td><td>3.56</td><td>September.........</td><td>4.26</td><td>4.52</td></tr><tr><td>October.........</td><td>2.83</td><td>3.16</td><td>October.........</td><td>3.20</td><td>3.59</td><td>October.........</td><td>4.11 2/</td><td>4.57</td></tr><tr><td>November.........</td><td>2.86</td><td>3.11</td><td>November.........</td><td>3.30</td><td>3.69</td><td>November.........</td><td>4.12</td><td>4.56</td></tr><tr><td>December.........</td><td>2.79 2/</td><td>3.13</td><td>December.........</td><td>3.40</td><td>3.75</td><td>December.........</td><td>4.27</td><td>4.58</td></tr><tr><td>1954-January.........</td><td>2.69</td><td>3.06</td><td>1957-January.........</td><td>3.34</td><td>3.77</td><td>1960-January.........</td><td>4.37</td><td>4.61</td></tr><tr><td>February.........</td><td>2.62</td><td>2.95</td><td>February.........</td><td>3.22</td><td>3.67</td><td>February.........</td><td>4.22</td><td>4.56</td></tr><tr><td>March.........</td><td>2.53</td><td>2.86</td><td>March.........</td><td>3.26</td><td>3.66</td><td>March.........</td><td>4.38</td><td>4.59</td></tr><tr><td>April.........</td><td>2.48</td><td>2.85</td><td>April.........</td><td>3.32</td><td>3.67</td><td>April.........</td><td>4.18 2/</td><td>4.47</td></tr><tr><td>May.........</td><td>2.54</td><td>2.88</td><td>May.........</td><td>3.40</td><td>3.74</td><td>May.........</td><td>4.16</td><td>4.46</td></tr><tr><td>June.........</td><td>2.55 2/</td><td>2.90</td><td>June.........</td><td>3.58 2/</td><td>3.91</td><td>June.........</td><td>3.98</td><td>4.47</td></tr><tr><td>July.........</td><td>2.47</td><td>2.89</td><td>July.........</td><td>3.60</td><td>3.99</td><td>July.........</td><td>3.86</td><td>4.41</td></tr><tr><td>August.........</td><td>2.48</td><td>2.87</td><td>August.........</td><td>3.63</td><td>4.10</td><td>August.........</td><td>3.79</td><td>4.28</td></tr><tr><td>September.........</td><td>2.52</td><td>2.89</td><td>September.........</td><td>3.66 2/ 2/</td><td>4.12</td><td>September.........</td><td>3.84 2/</td><td>4.25</td></tr><tr><td>October.........</td><td>2.54</td><td>2.87</td><td>October.........</td><td>3.73</td><td>4.10</td><td>October.........</td><td>3.91</td><td>4.30</td></tr><tr><td>November.........</td><td>2.57</td><td>2.89</td><td>November.........</td><td>3.57 2/</td><td>4.08</td><td>November.........</td><td>3.93</td><td>4.31</td></tr><tr><td>December.........</td><td>2.59 2/</td><td>2.90</td><td>December.........</td><td>3.30 3/</td><td>3.81</td><td>December.........</td><td>3.88</td><td>4.35</td></tr><tr><td>1955-January.........</td><td>2.68 2/</td><td>2.93</td><td>1958-January.........</td><td>3.24 2/</td><td>3.60</td><td>1961-January.........</td><td>3.89</td><td>4.32</td></tr><tr><td>February.........</td><td>2.78</td><td>2.99</td><td>February.........</td><td>3.28</td><td>3.59</td><td>February.........</td><td>3.81</td><td>4.27</td></tr><tr><td>March.........</td><td>2.78 2/</td><td>3.02</td><td>March.........</td><td>3.25</td><td>3.63</td><td>March.........</td><td>3.78</td><td>4.22</td></tr><tr><td>April.........</td><td>2.82</td><td>3.01</td><td>April.........</td><td>3.12</td><td>3.60</td><td>April.........</td><td>3.80</td><td>4.25</td></tr><tr><td>May.........</td><td>2.81</td><td>3.04</td><td>May.........</td><td>3.14</td><td>3.57</td><td>May.........</td><td>3.73</td><td>4.27</td></tr><tr><td>June.........</td><td>2.82</td><td>3.05</td><td>June.........</td><td>3.20 2/</td><td>3.57</td><td>June.........</td><td>3.88</td><td>4.33</td></tr><tr><td>July.........</td><td>2.91</td><td>3.06</td><td>July.........</td><td>3.36</td><td>3.67</td><td>July.........</td><td>3.90</td><td>4.41</td></tr><tr><td>August.........</td><td>2.95</td><td>3.11</td><td>August.........</td><td>3.60</td><td>3.85</td><td>August.........</td><td>4.00</td><td>4.44</td></tr><tr><td>September.........</td><td>2.92</td><td>3.13</td><td>September.........</td><td>3.75</td><td>4.09</td><td></td><td></td><td></td></tr><tr><td>October.........</td><td>2.87</td><td>3.10</td><td>October.........</td><td>3.76</td><td>4.11</td><td></td><td></td><td></td></tr><tr><td>November.........</td><td>2.89</td><td>3.10</td><td>November.........</td><td>3.70</td><td>4.09</td><td></td><td></td><td></td></tr><tr><td>December.........</td><td>2.91</td><td>3.15</td><td>December.........</td><td>3.80</td><td>4.08</td><td></td><td></td><td></td></tr><tr><td>1956-January.........</td><td>2.88</td><td>3.11</td><td>1959-January.........</td><td>3.91 2/</td><td>4.1.</td><td></td><td></td><td></td></tr><tr><td>February.........</td><td>2.85</td><td>3.08</td><td>February.........</td><td>3.92</td><td>4.14</td><td></td><td></td><td></td></tr><tr><td>March.........</td><td>2.93 2/</td><td>3.10</td><td>March.........</td><td>3.92</td><td>4.13</td><td></td><td></td><td></td></tr></table>
Weekly series - averages of daily series for weeks ending -
<table><tr><td>1961-March</td><td>3..</td><td>3.77</td><td>4.23</td><td>1961-May</td><td>5..</td><td>3.72</td><td>4.29</td><td>1961-July</td><td>7..</td><td>3.92</td><td>4.38</td></tr><tr><td></td><td>10..</td><td>3.75</td><td>4.22</td><td></td><td>12..</td><td>3.70</td><td>4.27</td><td></td><td>14..</td><td>3.92</td><td>4.41</td></tr><tr><td></td><td>17..</td><td>3.78</td><td>4.21</td><td></td><td>19..</td><td>3.71</td><td>4.25</td><td></td><td>21..</td><td>3.88</td><td>4.41</td></tr><tr><td></td><td>24..</td><td>3.80</td><td>4.22</td><td></td><td>26..</td><td>3.78</td><td>4.27</td><td></td><td>28..</td><td>3.89</td><td>4.42</td></tr><tr><td></td><td>31..</td><td>3.81</td><td>4.22</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April</td><td>7..</td><td>3.82</td><td>4.23</td><td>June</td><td>2..</td><td>3.79</td><td>4.28</td><td>August</td><td>4..</td><td>3.95</td><td>4.45</td></tr><tr><td></td><td>14..</td><td>3.81</td><td>4.24</td><td></td><td>9..</td><td>3.86</td><td>4.31</td><td></td><td>11..</td><td>4.03</td><td>4.45</td></tr><tr><td></td><td>21..</td><td>3.81</td><td>4.26</td><td></td><td>16..</td><td>3.86</td><td>4.33</td><td></td><td>18..</td><td>4.01</td><td>4.45</td></tr><tr><td></td><td>28..</td><td>3.78</td><td>4.28</td><td></td><td>23..</td><td>3.90</td><td>4.34</td><td></td><td>25..</td><td>4.01</td><td>4.44</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>30..</td><td>3.93</td><td>4.36</td><td></td><td></td><td></td><td></td></tr></table>
Daily series - unweighted averages
<table><tr><td>1961-August</td><td>1..</td><td>3.92</td><td>4.45</td><td>1961-August</td><td>11..</td><td>4.02</td><td>4.45</td><td>1961-August</td><td>22..</td><td>4.01</td><td>4.44</td></tr><tr><td></td><td>2..</td><td>3.92</td><td>4.45</td><td></td><td>14..</td><td>4.02</td><td>4.45</td><td></td><td>23..</td><td>4.01</td><td>4.44</td></tr><tr><td></td><td>3..</td><td>3.97</td><td>4.45</td><td></td><td>15..</td><td>4.02</td><td>4.44</td><td></td><td>24..</td><td>4.02</td><td>4.44</td></tr><tr><td></td><td>4..</td><td>3.98</td><td>4.45</td><td></td><td>16..</td><td>4.01</td><td>4.45</td><td></td><td>25..</td><td>4.02</td><td>4.44</td></tr><tr><td></td><td>7..</td><td>4.02</td><td>4.45</td><td></td><td>17..</td><td>4.00</td><td>4.45</td><td></td><td>28..</td><td>4.01</td><td>4.44</td></tr><tr><td></td><td>8..</td><td>4.03</td><td>4.45</td><td></td><td>18..</td><td>3.99</td><td>4.44</td><td></td><td>29..</td><td>4.01</td><td>4.44</td></tr><tr><td></td><td>9..</td><td>4.03</td><td>4.45</td><td></td><td>21..</td><td>4.01</td><td>4.43</td><td></td><td>30..</td><td>4.01</td><td>4.44</td></tr><tr><td></td><td>10..</td><td>4.03</td><td>4.45</td><td></td><td></td><td></td><td></td><td></td><td>31..</td><td>4.01</td><td>4.44</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. Series includes bonds which are neither due nor callable before a
given number of years as follows: April 1953 to date, 10 years; April 1952 - March 1953, 12 years; October 1941 - March 1952, 15 years. For bonds currently in the series, see Table 4 under "Market Quotations on Treasury Securities" in this issue of the Bulletin. One or more new long-term bonds added to the average. An existing bond dropped from the average (see footnote 1).
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
62
Monthly Series
Monthly averages of daily figures. 2/See footnote 1 to Table I under "Average Yields of Long-Term Bonds."
AVERAGE YIELDS OF LONG-TERM BONDS
Treasury Bulletin
Office of the Secretary of the Treasury
F-220-N-6
October 1961
63
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Budget receipts from internal revenue</th><th>Adjustment of collections to budget receipts 1/</th><th>Total collections reported by Internal Revenue Service</th><th>Corporation income and profits taxes</th><th>Total</th><th colspan="5">Individual income tax and employment taxes</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Individual income tax not withheld 2/</th><th>Individual income tax withheld 2/</th><th>Old-age and disability insurance 2/</th><th>Railroad retirement</th><th>Unemployment insurance</th></tr><tr><td>1954</td><td>70,299,652</td><td>+364,672</td><td>69,934,980</td><td>21,546,322</td><td>37,921,314</td><td>10,736,578</td><td>22,077,113</td><td>4,218,520</td><td>605,221</td><td>283,882</td></tr><tr><td>1955</td><td>66,288,692</td><td>-3,566 2/</td><td>66,288,692 4/</td><td>18,264,720</td><td>37,869,770</td><td>10,396,480</td><td>21,253,625 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>75,112,649 2/</td><td>21,298,522</td><td>42,633,426</td><td>11,321,966</td><td>24,015,676 2/</td><td>6,336,805</td><td>634,323</td><td>324,656</td></tr><tr><td>1957</td><td>80,171,971</td><td>-</td><td>80,171,971</td><td>21,530,653</td><td>46,610,293</td><td>12,302,229</td><td>26,727,543</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>47,212,944</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>11,733,369</td><td>29,001,375</td><td>8,004,355</td><td>525,369</td><td>324,020</td></tr><tr><td>1960</td><td>91,774,803</td><td>-</td><td>91,774,803</td><td>22,179,414</td><td>56,104,300</td><td>13,271,124</td><td>31,674,588</td><td>10,210,550</td><td>606,931</td><td>341,108</td></tr><tr><td>1961</td><td>94,396,478p</td><td>-4,608</td><td>94,401,086</td><td>21,764,940</td><td>58,655,452</td><td>13,175,346</td><td>32,977,654</td><td>11,586,283</td><td>570,812</td><td>345,356</td></tr><tr><td>1961-Jan.</td><td>5,168,694</td><td>-</td><td>5,168,694</td><td>533,550</td><td>3,546,607</td><td>2,156,062</td><td>1,345,659</td><td>12,842</td><td>32,045</td><td></td></tr><tr><td>Feb.</td><td>8,847,264</td><td>-</td><td>8,847,264</td><td>444,362</td><td>7,381,077</td><td>875,692</td><td>6,139,136</td><td>77,142</td><td>289,106</td><td></td></tr><tr><td>Mar.</td><td>11,590,743</td><td>-</td><td>11,590,743</td><td>5,798,996</td><td>4,519,130</td><td>848,674</td><td>3,607,801</td><td>47,953</td><td>14,702</td><td></td></tr><tr><td>Apr.</td><td>6,623,896</td><td>-</td><td>6,623,896</td><td>442,776</td><td>5,055,614</td><td>3,828,929</td><td>1,210,457</td><td>14,285</td><td>1,943</td><td></td></tr><tr><td>May.</td><td>9,389,672</td><td>-</td><td>9,389,672</td><td>411,293</td><td>7,719,231</td><td>1,156,593</td><td>6,483,083</td><td>77,262</td><td>2,293</td><td></td></tr><tr><td>June.</td><td>12,018,207p</td><td>-4,608</td><td>12,022,815</td><td>5,245,769</td><td>5,569,265</td><td>1,943,583</td><td>3,580,056</td><td>44,527</td><td>1,099</td><td></td></tr><tr><td>July.</td><td>3,427,747</td><td>-</td><td>3,427,747</td><td>519,563</td><td>1,789,961</td><td>245,119</td><td>1,525,870</td><td>14,261</td><td>710</td><td></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>Total</th><th>Documents, etc. &pound;/</th><th>Manufacturers' and retailers' &pound;/</th><th>Miscellaneous &pound;/</th></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 4/</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>6,166,535</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>5,884,286</td><td>133,817</td><td>4,314,517</td><td>1,435,953</td></tr><tr><td>1960</td><td>1,626,348</td><td>11,864,741</td><td>3,193,714</td><td>1,931,504</td><td>6,639,879</td><td>139,231</td><td>5,113,818</td><td>1,386,829</td></tr><tr><td>1961</td><td>1,916,392</td><td>12,064,302</td><td>3,211,801</td><td>1,991,117</td><td>6,941,327</td><td>149,350</td><td>5,294,451</td><td>1,497,526</td></tr><tr><td>1961-Jan.</td><td>170,997</td><td>917,540</td><td>204,070</td><td>128,439</td><td>86,374</td><td rowspan="2">39,874</td><td rowspan="2">1,403,448</td><td rowspan="2">369,469</td></tr><tr><td>Feb.</td><td>161,021</td><td>860,804</td><td>168,837</td><td>115,935</td><td>1,111,747</td></tr><tr><td>Mar.</td><td>190,339</td><td>1,082,278</td><td>312,620</td><td>213,016</td><td>614,670</td><td rowspan="4">41,554</td><td rowspan="4">1,167,210</td><td rowspan="4">361,001</td></tr><tr><td>Apr.</td><td>244,149</td><td>831,358</td><td>230,581</td><td>160,108</td><td>41,180</td></tr><tr><td>May.</td><td>186,833</td><td>1,072,315</td><td>286,654</td><td>176,424</td><td>1,289,138</td></tr><tr><td>June.</td><td>145,460</td><td>1,062,321</td><td>327,134</td><td>189,833</td><td>239,445</td></tr><tr><td>July</td><td>146,726</td><td>975,497</td><td>237,581</td><td>137,430</td><td>94,834</td><td></td><td></td><td></td></tr></table>
Source: Internal Revenue Service reports for detail of collections by type of tax; monthly statement of receipts and expenditures of the Government for budget receipts from internal revenue (for explanation of reporting bases in this publication, see page II). Certain 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.
Differences between the amounts of internal revenue reported by the Internal Revenue Service as collections for given periods and the amounts reported in Treasury statements as budget receipts for the same periods arose because of differences in the time when payments were included in the respective reports. Tax payments are included in budget receipts when they are reported as credits to the account of the Treasurer of the United States. Prior to July 1954, they were included in Internal Revenue Service collection reports after the returns to which they applied had been received in Internal revenue offices. Under procedure begun in 1950 with withheld income tax and old-age insurance taxes and later extended to railroad retirement taxes and many excises, these taxes are paid currently into Treasury depositaries and the 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 depositary receipts are issued to the taxpayers. Revised accounting procedures effective July 1, 1954, extended the same practice to Internal Revenue Service collection reports.
2/ Monthly figures include 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).
4/ Beginning with the fiscal year 1955, collections shown include undistributed depositary receipts and unapplied collections. For excise taxes these receipts are included in the total only. Total collections include "Taxes not otherwise classified."
5/ Budget receipts for 1956 were reduced by $3,566 thousand representing tax collections transferred to the Government of Guam pursuant to the act approved August 1, 1950 (48 U.S.C. 1421 h), 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.
64
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."
Office of the Secretary of the Treasury
B-165-R
October 1961
65
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>Total paper money</th><th>Gold certificates</th><th>Silver certificates</th><th>Treasury notes of 1890</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes</th><th>National bank notes</th></tr><tr><td>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>25,616</td><td>163</td><td>67</td></tr><tr><td>1956</td><td>30,715</td><td>28,767</td><td>33</td><td>2,148</td><td>1</td><td>318</td><td>26,055</td><td>147</td><td>64</td></tr><tr><td>1957</td><td>31,082</td><td>29,040</td><td>33</td><td>2,162</td><td>1</td><td>321</td><td>26,329</td><td>133</td><td>62</td></tr><tr><td>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>31,914</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>1960</td><td>32,065</td><td>29,726</td><td>30</td><td>2,127</td><td>1</td><td>318</td><td>27,094</td><td>100</td><td>56</td></tr><tr><td>1961</td><td>32,405</td><td>29,943</td><td>30</td><td>2,094</td><td>1</td><td>318</td><td>27,353</td><td>92</td><td>54</td></tr><tr><td>1960-December</td><td>32,869 2/</td><td>30,442</td><td>30</td><td>2,110</td><td>1</td><td>313</td><td>27,837</td><td>96</td><td>55</td></tr><tr><td>1961-January</td><td>31,776</td><td>29,385</td><td>30</td><td>1,986</td><td>1</td><td>305</td><td>26,913</td><td>95</td><td>55</td></tr><tr><td>February</td><td>31,769</td><td>29,377</td><td>30</td><td>1,994</td><td>1</td><td>307</td><td>26,896</td><td>94</td><td>55</td></tr><tr><td>March</td><td>31,891</td><td>29,484</td><td>30</td><td>2,025</td><td>1</td><td>310</td><td>26,970</td><td>94</td><td>55</td></tr><tr><td>April</td><td>31,830</td><td>29,414</td><td>30</td><td>2,043</td><td>1</td><td>314</td><td>26,878</td><td>93</td><td>54</td></tr><tr><td>May</td><td>32,197</td><td>29,752</td><td>30</td><td>2,100</td><td>1</td><td>317</td><td>27,157</td><td>92</td><td>54</td></tr><tr><td>June</td><td>32,405</td><td>29,943</td><td>30</td><td>2,094</td><td>1</td><td>318</td><td>27,353</td><td>92</td><td>54</td></tr><tr><td>July</td><td>32,477</td><td>30,002</td><td>30</td><td>2,077</td><td>1</td><td>315</td><td>27,434 6/</td><td>91</td><td>54</td></tr><tr><td>August</td><td>32,609</td><td>30,118</td><td>30 4/</td><td>2,075 5/</td><td>1</td><td>315</td><td>27,553 6/</td><td>90</td><td>54</td></tr><tr><th>End of fiscal year or month</th><th>Total coin</th><th>Standard silver dollars</th><th>Subsidiary silver</th><th>Minor coin</th><th>Money in circulation per capita (in dollars) 2/</th></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>1,948</td><td>237</td><td>1,259</td><td>453</td><td>182.64</td></tr><tr><td>1957</td><td>2,042</td><td>253</td><td>1,315</td><td>474</td><td>181.52</td></tr><tr><td>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>180.20</td></tr><tr><td>1960</td><td>2,338</td><td>305</td><td>1,484</td><td>549</td><td>177.48</td></tr><tr><td>1961</td><td>2,462</td><td>329</td><td>1,548</td><td>585</td><td>176.45</td></tr><tr><td>1960-December</td><td>2,427</td><td>319</td><td>1,533</td><td>574</td><td>180.34</td></tr><tr><td>1961-January</td><td>2,391</td><td>319</td><td>1,501</td><td>571</td><td>174.12</td></tr><tr><td>February</td><td>2,392</td><td>320</td><td>1,501</td><td>571</td><td>173.88</td></tr><tr><td>March</td><td>2,406</td><td>321</td><td>1,512</td><td>573</td><td>174.31</td></tr><tr><td>April</td><td>2,417</td><td>323</td><td>1,518</td><td>576</td><td>173.77</td></tr><tr><td>May</td><td>2,445</td><td>326</td><td>1,538</td><td>581</td><td>175.54</td></tr><tr><td>June</td><td>2,462</td><td>329</td><td>1,548</td><td>585</td><td>176.45</td></tr><tr><td>July</td><td>2,475</td><td>332</td><td>1,555</td><td>589</td><td>176.59r</td></tr><tr><td>August</td><td>2,491</td><td>335</td><td>1,563</td><td>593</td><td>177.01</td></tr></table>
Source: Circulation Statement of United States Money.
1/ Excludes money held by the Treasury and money held by or for the account of the Federal Reserve Banks and agents.
2/ The following paper currencies are in process of retirement (redeemable from the general fund of the Treasury): Gold certificates issued before January 30, 1934, silver certificates issued before July 1, 1929, Treasury notes of 1890; and Federal Reserve notes issued before the series of 1928, Federal Reserve Bank notes, and national bank notes for which the United States has assumed liability. The Treasury notes of 1890 have been in process of retirement since March 1900 (31 U.S.C. 411) upon receipt by the Treasury, the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C. 445 note), and the national bank notes since December 23, 1915 (12 U.S.C. 441). Retirement of the others was authorized by the Old Series Currency Adjustment Act, approved June 30, 1961. The act authorizes the Secretary of the Treasury to determine from time to time the amount of currency of the following types which
have been destroyed or lost, and to reduce the amounts thereof on the books of the Treasury: Gold certificates issued before January 30, 1934; silver certificates, United States notes, Federal Reserve Bank notes, and national bank notes all issued before July 1, 1929; Federal Reserve notes issued prior to the series of 1928; and Treasury notes of 1890. No such determinations have yet been made.
2/ Highest amount to date.
3/ Issued prior to January 30, 1934.
5/ Includes $30 million issued before July 1, 1929.
6/ Includes $36 million issued prior to the series of 1928.
7/ Based on the Bureau of the Census estimated population. Through 1958 the estimated population is for the conterminous United States (that is, exclusive of Alaska, Hawaii, and the outlying areas such as Puerto Rico, Guam, and the Virgin Islands). Beginning with 1959 the estimates include Alaska, and with August 1959, Hawaii.
r Revised.
66
Treasury Bulletin
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks (in percent)</th></tr><tr><td>1954</td><td>21,927.0</td><td>3,863.1</td><td>15.6</td></tr><tr><td>1955</td><td>21,677.6</td><td>3,922.4</td><td>15.3</td></tr><tr><td>1956</td><td>21,799.1</td><td>3,994.5</td><td>15.5</td></tr><tr><td>1957</td><td>22,622.9</td><td>4,116.6</td><td>15.4</td></tr><tr><td>1958</td><td>21,356.2</td><td>4,300.0</td><td>16.8</td></tr><tr><td>1959</td><td>19,704.6</td><td>4,414.1</td><td>18.3</td></tr><tr><td>1960</td><td>19,322.2</td><td>4,394.5</td><td>18.5</td></tr><tr><td>1961</td><td>17,550.2</td><td>4,346.5</td><td>19.9</td></tr><tr><td>1960-December</td><td>17,766.6</td><td>4,375.6</td><td>19.8</td></tr><tr><td>1961-January</td><td>17,441.3</td><td>4,372.8</td><td>20.1</td></tr><tr><td>February</td><td>17,372.6</td><td>4,362.3</td><td>20.1</td></tr><tr><td>March</td><td>17,388.2</td><td>4,358.3</td><td>20.0</td></tr><tr><td>April</td><td>17,389.9</td><td>4,353.1</td><td>20.0</td></tr><tr><td>May</td><td>17,403.1</td><td>4,350.3</td><td>20.1</td></tr><tr><td>June</td><td>17,550.2</td><td>4,346.5</td><td>19.9</td></tr><tr><td>July</td><td>17,526.9</td><td>4,333.8</td><td>19.9</td></tr><tr><td>August</td><td>17,451.1</td><td>4,335.6</td><td>19.9</td></tr></table>
Source: Circulation Statement of United States Money. For detail of silver monetary stock see Table 4.
1/ See Table 3, footnote 3.
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 1/</th><th>Liabilities: Gold certificates, etc. 2/</th><th>Balance of gold in Treasurer's account</th></tr><tr><td>1954</td><td>21,712.5</td><td>21,223.5</td><td>489.</td></tr><tr><td>1955</td><td>21,690.4</td><td>21,199.1</td><td>491.2</td></tr><tr><td>1956</td><td>21,949.5</td><td>21,458.3</td><td>491.1</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</td><td>19,455.9 3/</td><td>19,350.5</td><td>105.4</td></tr><tr><td>1960</td><td>17,766.6</td><td>17,605.6</td><td>11.0</td></tr><tr><td>1961-January</td><td>17,441.3</td><td>17,325.6</td><td>115.7</td></tr><tr><td>February</td><td>17,372.6</td><td>17,61.0</td><td>111.6</td></tr><tr><td>March</td><td>17,388.2</td><td>17,285.0</td><td>103.3</td></tr><tr><td>April</td><td>17,384.9</td><td>17,274.9</td><td>115.0</td></tr><tr><td>May</td><td>17,403.1</td><td>17,280.8</td><td>122.2</td></tr><tr><td>June</td><td>17,550.2</td><td>17,441.5</td><td>108.7</td></tr><tr><td>July</td><td>17,526.9</td><td>17,378.7</td><td>148.1</td></tr><tr><td>August</td><td>17,451.1</td><td>17,342.6</td><td>108.4</td></tr></table>
Source: Circulation Statement of United States M'ney. 1/ Treasury gold stock; does not include gold in Exchange Stabilization Fund. See "International Financial Statistics," Table 1. 2/ 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 $16.6 million against United States notes and Treasury notes of 1874. The United States payment of the $3.38 million increase in its gold subscription to the International Monetary Fund, authorized by the act approved June 17, 1949 (32 U.S.C. 286e) was made on June 23, 1954 (see "Budget Receipts and Expenditures," Table 3, footnote 10).
October 1961
67
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="5">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>Bullion for recoinage 4/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Subsidiary coin 3/</th></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>1,242.7</td><td>3,886.6</td></tr><tr><td>1955.</td><td>2,194.4</td><td>253.5</td><td>15.7</td><td>.3</td><td>17.6</td><td>235.4</td><td>1,283.2</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.</td><td>2,251.4</td><td>182.3</td><td>3.2</td><td>-</td><td>127.4</td><td>305.5</td><td>1,513.4</td><td>4,382.7</td></tr><tr><td>1960.</td><td>2,252.1</td><td>161.2</td><td>2.6</td><td>-</td><td>88.2</td><td>326.5</td><td>1,576.0</td><td>4,375.6</td></tr><tr><td>1961-January.</td><td>2,252.1</td><td>160.3</td><td>4.6</td><td>-</td><td>85.8</td><td>327.4</td><td>1,575.7</td><td>4,372.8</td></tr><tr><td>February.</td><td>2,252.1</td><td>159.5</td><td>5.3</td><td>.1</td><td>79.6</td><td>328.2</td><td>1,575.7</td><td>4,362.3</td></tr><tr><td>March.</td><td>2,252.1</td><td>155.8</td><td>9.0</td><td>-</td><td>73.9</td><td>331.8</td><td>1,578.9</td><td>4,358.3</td></tr><tr><td>April.</td><td>2,252.1</td><td>153.1</td><td>7.9</td><td>-</td><td>67.0</td><td>334.5</td><td>1,587.8</td><td>4,353.1</td></tr><tr><td>May.</td><td>2,252.1</td><td>152.4</td><td>11.2</td><td>-</td><td>60.4</td><td>335.2</td><td>1,594.3</td><td>4,350.3</td></tr><tr><td>June.</td><td>2,252.3</td><td>149.2</td><td>4.7</td><td>-</td><td>56.6</td><td>338.4</td><td>1,603.9</td><td>4,346.5</td></tr><tr><td>July.</td><td>2,252.3</td><td>147.2</td><td>6.7</td><td>-</td><td>53.5</td><td>340.4</td><td>1,605.3</td><td>4,343.8</td></tr><tr><td>August.</td><td>2,252.3</td><td>144.7</td><td>5.7</td><td>-</td><td>45.3</td><td>342.8</td><td>1,613.4</td><td>4,335.6</td></tr></table>
Source: Circulation Statement of United States Money; Office of the Treasurer of the United States. 1/ Valued at $.29+ per fine ounce. 2/ Includes silver held by certain agencies of the Federal Government.
3/ Valued at $1.38+ per fine ounce.
4/ Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion is held for recoinage of subsidiary silver coins or for recoinage of standard silver dollars.
68
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) 2/</th><th colspan="6">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in Treasurer's account 1</th></tr><tr><th></th><th></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 2/</th><th>Total seigniorage on silver revalued 2/</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Proclamation of Dec. 21, 1933</th><th>Acts of July 6, 1939, and July 31, 1946</th><th></th><th></th></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>226.2</td><td>34.5</td><td>16.8</td><td>-</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>302.7</td><td>34.7</td><td>36.0</td><td>-</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>366.7</td><td>34.7</td><td>58.0</td><td>-</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>457.7</td><td>34.7</td><td>74.9</td><td>-</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>530.7</td><td>34.7</td><td>87.3</td><td>4.2</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>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>182.1</td><td>48.7</td><td>580.4</td><td>34.7</td><td>87.6</td><td>48.3</td><td>799.7</td><td>1,089.0</td></tr><tr><td>1942</td><td>245.7</td><td>48.7</td><td>584.3</td><td>34.7</td><td>87.6</td><td>63.6</td><td>818.9</td><td>1,048.2</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>717.3</td></tr><tr><td>1945</td><td>429.5</td><td>48.7</td><td>701.6</td><td>34.7</td><td>87.6</td><td>65.5</td><td>938.1</td><td>333.2</td></tr><tr><td>1946</td><td>491.9</td><td>48.7</td><td>832.1</td><td>34.7</td><td>87.6</td><td>66.5</td><td>1,069.6</td><td>161.2</td></tr><tr><td>1947</td><td>520.5</td><td>48.7</td><td>832.1</td><td>34.7</td><td>87.6</td><td>74.5</td><td>1,077.6</td><td>146.8</td></tr><tr><td>1948</td><td>559.2</td><td>48.7</td><td>832.2</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</td><td>981.6</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>98.3</td></tr><tr><td>1960</td><td>1,038.5</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>70.8</td></tr><tr><td>1961-January</td><td>1,041.0</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>70.0</td></tr><tr><td>February</td><td>1,043.7</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>65.2</td></tr><tr><td>March</td><td>1,047.8</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>60.8</td></tr><tr><td>April</td><td>1,053.3</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>55.0</td></tr><tr><td>May</td><td>1,061.0</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>49.2</td></tr><tr><td>June p.</td><td>1,065.2</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>45.9</td></tr><tr><td>July p.</td><td>1,068.4</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>44.0</td></tr><tr><td>August p.</td><td>1,076.2</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>37.4</td></tr></table>
Source: Bureau of Accounts.
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
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. The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes. Preliminary.
October 1961
69
INTERNATIONAL FINANCIAL STATISTICS
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign Currencies by U. S. Monetary Authorities
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="2">Gold stock</th><th>Foreign currency holdings</th></tr><tr><th></th><th>Treasury</th><th>Total 1/</th><th></th></tr><tr><td>1953</td><td>22,030</td><td>22,091</td><td>-</td></tr><tr><td>1954</td><td>21,713</td><td>21,793</td><td>-</td></tr><tr><td>1955</td><td>21,690</td><td>21,753</td><td>-</td></tr><tr><td>1956</td><td>21,949</td><td>22,058</td><td>-</td></tr><tr><td>1957</td><td>22,781</td><td>22,857</td><td>-</td></tr><tr><td>1958</td><td>20,534</td><td>20,582</td><td>-</td></tr><tr><td>1959</td><td>19,436</td><td>19,507</td><td>-</td></tr><tr><td>1960</td><td>17,767</td><td>17,804</td><td>-</td></tr><tr><td>1961-January</td><td>17,441</td><td>17,480</td><td>-</td></tr><tr><td>February</td><td>17,373</td><td>17,412</td><td>-</td></tr><tr><td>March</td><td>17,388</td><td>17,433</td><td>25</td></tr><tr><td>April</td><td>17,390</td><td>17,435</td><td>175</td></tr><tr><td>May</td><td>17,403</td><td>17,451</td><td>165</td></tr><tr><td>June</td><td>17,550</td><td>17,603</td><td>186</td></tr><tr><td>July</td><td>17,527</td><td>17,590</td><td>105</td></tr><tr><td>August</td><td>17,451</td><td>17,530</td><td>106</td></tr><tr><td>September p.</td><td>17,377</td><td>17,458</td><td>2/</td></tr></table>
1/ Includes gold in Exchange Stabilization Fund, which is not included in Treasury gold figures shown in "Circulation Statement of United States Money." See "Monetary Statistics," Table 3.
2/ To be published in following issue. p Preliminary.
70
Treasury Bulletin
CAPITAL MOVEMENTS
Data relating to capital movements between the United States and foreign countries have been collected since 1935, pursuant to Executive Order 6560 of January 15, 1934, Executive Order 10033 of February 8, 1949, and Treasury regulations promulgated thereunder. Information on the principal types of data and the principal countries is reported monthly, and is published regularly in the "Treasury Bulletin." Supplementary information is published less frequently. 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 nonfinancial 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">Analysis of net capital movement</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>Transfers in foreign securities</th></tr><tr><td>1939-1.</td><td>-7,233.2</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>-6.6</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>1,174.3</td><td>27.8</td><td>66.4</td><td>-11.3</td><td>77.7</td></tr><tr><td>1944.</td><td>452.8</td><td>431.1</td><td>220.4</td><td>210.7</td><td>21.7</td><td>-71.8</td><td>93.5</td></tr><tr><td>1945.</td><td>1,056.6</td><td>1,166.3</td><td>1,279.4</td><td>-113.1</td><td>-109.7</td><td>-63.1</td><td>-46.6</td></tr><tr><td>1946.</td><td>-803.0</td><td>-752.6</td><td>-418.4</td><td>-334.2</td><td>-50.4</td><td>-315.4</td><td>-65.1</td></tr><tr><td>1947.</td><td>345.5</td><td>247.2</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>1,743.6</td><td>1,971.2</td><td>1,026.8</td><td>944.4</td><td>-221.6</td><td>-76.2</td><td>-124.4</td></tr><tr><td>1951.</td><td>-374.3</td><td>73.1</td><td>67.4</td><td>-584.3</td><td>-447.5</td><td>-71.1</td><td>-377.0</td></tr><tr><td>1952.</td><td>1,260.6</td><td>1,182.3</td><td>1,243.9</td><td>314.9</td><td>-298.2</td><td>-81.3</td><td>-217.9</td></tr><tr><td>1953.</td><td>1,162.8</td><td>1,140.9</td><td>1,124.4</td><td>-11.5</td><td>76.0</td><td>144.2</td><td>-72.2</td></tr><tr><td>1954.</td><td>637.1</td><td>1,414.3</td><td>1,270.1</td><td>149.3</td><td>-782.4</td><td>-482.0</td><td>-300.4</td></tr><tr><td>1955.</td><td>1,172.4</td><td>1,367.3</td><td>68.1</td><td>682.2</td><td>-192.4</td><td>-161.1</td><td>-30.4</td></tr><tr><td>1956.</td><td>9x.</td><td>1,344.7</td><td>1,338.4</td><td>156.4</td><td>-408.3</td><td>-197.2</td><td>-511.1</td></tr><tr><td>1957.</td><td>-114.1</td><td>94.1</td><td>21.1</td><td>141.8</td><td>-475.8</td><td>-253.7</td><td>-722.1</td></tr><tr><td>1958.</td><td>-779.1</td><td>88.1</td><td>1,001.8</td><td>-2.7</td><td>-117.2</td><td>-342.6</td><td>-1,362.5</td></tr><tr><td>1959.</td><td>3,952.2</td><td>4,194.4</td><td>1,533.6</td><td>1,124.4</td><td>-831.8</td><td>-82.0</td><td>-749.7</td></tr><tr><td>1960.</td><td>64.6</td><td>1,311.9</td><td>1,937.4</td><td>378.4</td><td>-1,623.6</td><td>-978.4</td><td>-644.7</td></tr><tr><td>#1-18 1960</td><td>-422.6</td><td>-41.3</td><td>-111.1</td><td>71.3</td><td>-39.6</td><td>1.6</td><td>-42.2</td></tr><tr><td>February 1960</td><td>1x.</td><td>1,77.8</td><td>-142.1</td><td>1.6</td><td>-124.4</td><td>-71.8</td><td>-52.8</td></tr><tr><td>March 1960</td><td>-18.7</td><td>338.2</td><td>221.2</td><td>13.7</td><td>-356.2</td><td>-275.1</td><td>-81.0</td></tr><tr><td>April 1960</td><td>-476.7</td><td>-213.1</td><td>-361.1</td><td>331.1</td><td>-273.7</td><td>-174.0</td><td>-99.7</td></tr><tr><td>May 1960</td><td>143.9</td><td>119.1</td><td>11.1</td><td>-6.6</td><td>-62.7</td><td>40.5</td><td>-102.5</td></tr><tr><td>June 1960</td><td>408.5</td><td>417.5</td><td>42.1</td><td>-6.5</td><td>-7.7</td><td>39.2</td><td>-46.1</td></tr><tr><td>July 1960</td><td>132.1</td><td>88.3</td><td>258.7</td><td>33.7</td><td>-147.3</td><td>-65.3</td><td>-82.0</td></tr><tr><td>August 1960</td><td>1x.</td><td>33.3</td><td>-121.4</td><td>159.7</td><td>17.9</td><td>24.0</td><td>-11.1</td></tr></table>
p. reitinjury.
October 1961
71
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="5">Short-term liabilities to foreigners</th><th colspan="4">Short-term claims on foreigners</th></tr><tr><th></th><th>Total</th><th>Foreign official</th><th>Other foreign</th><th>Inter-national</th><th>Payable in foreign currencies</th><th>Total</th><th>Payable in dollars</th><th>Loans to foreign banks</th><th>Other</th><th>Payable in foreign currencies</th></tr><tr><td>1942</td><td>4,205.4</td><td>2,244.4</td><td>1,947.1</td><td>-</td><td>13.9</td><td>246.7</td><td>72.0</td><td>143.7</td><td>30.9</td></tr><tr><td>1943</td><td>5,374.9</td><td>3,320.3</td><td>2,036.7</td><td>-</td><td>17.9</td><td>257.9</td><td>86.4</td><td>137.2</td><td>34.4</td></tr><tr><td>1944</td><td>5,596.8</td><td>3,335.2</td><td>2,239.9</td><td>-</td><td>21.6</td><td>329.7</td><td>105.4</td><td>169.7</td><td>54.6</td></tr><tr><td>1945</td><td>6,883.1</td><td>4,179.3</td><td>2,678.2</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>3,043.9</td><td>2,922.0</td><td>473.7</td><td>40.6</td><td>708.3</td><td>319.6</td><td>290.5</td><td>98.1</td></tr><tr><td>1947</td><td>7,116.4</td><td>1,832.1</td><td>2,972.7</td><td>2,262.0</td><td>49.7</td><td>948.9</td><td>292.9</td><td>490.6</td><td>165.4</td></tr><tr><td>1948</td><td>7,718.0</td><td>2,836.3</td><td>2,947.0</td><td>1,864.3</td><td>70.4</td><td>1,018.7</td><td>361.2</td><td>557.1</td><td>100.4</td></tr><tr><td>1949</td><td>7,618.0</td><td>2,908.1</td><td>3,001.0</td><td>1,657.8</td><td>51.0</td><td>827.9</td><td>222.7</td><td>494.3</td><td>110.8</td></tr><tr><td>1950</td><td>8,644.8</td><td>3,620.3</td><td>3,451.7</td><td>1,527.8</td><td>44.9</td><td>898.0</td><td>151.1</td><td>506.3</td><td>240.6</td></tr><tr><td>1951</td><td>9,302.2</td><td>3,547.6</td><td>4,041.2</td><td>1,641.1</td><td>72.2</td><td>968.4</td><td>177.2</td><td>699.4</td><td>91.8</td></tr><tr><td>1952</td><td>10,546.1</td><td>4,654.2</td><td>4,245.6</td><td>1,584.9</td><td>61.4</td><td>1,048.7</td><td>122.9</td><td>847.5</td><td>78.4</td></tr><tr><td>1953</td><td>11,648.4</td><td>5,666.9</td><td>4,308.4</td><td>1,629.4</td><td>43.7</td><td>904.5</td><td>156.5</td><td>646.5</td><td>101.6</td></tr><tr><td>1954</td><td>12,918.6</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>14,939.1</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</td><td>19,388.7</td><td>9,154.3</td><td>6,999.1</td><td>3,158.1</td><td>77.2</td><td>2,624.0</td><td>497.6</td><td>1,909.2</td><td>217.2</td></tr><tr><td>1960</td><td>21,326.1</td><td>10,326.2</td><td>6,932.0</td><td>3,954.9</td><td>113.1</td><td>3,603.0</td><td>524.3</td><td>2,599.0</td><td>479.6</td></tr><tr><td>1961-January</td><td>20,915.8</td><td>10,145.4</td><td>6,707.7</td><td>3,941.8</td><td>120.9</td><td>3,600.3</td><td>517.9</td><td>2,611.9</td><td>470.5</td></tr><tr><td>February</td><td>20,773.0</td><td>10,095.5</td><td>6,748.4</td><td>3,817.3</td><td>111.7</td><td>3,672.1</td><td>499.1</td><td>2,747.2</td><td>425.8</td></tr><tr><td>March</td><td>21,093.2</td><td>10,308.4</td><td>6,796.4</td><td>3,877.1</td><td>111.3</td><td>3,947.3</td><td>533.1</td><td>2,918.0</td><td>496.2</td></tr><tr><td>April</td><td>20,857.1</td><td>9,895.3</td><td>6,933.4</td><td>3,917.5</td><td>110.9</td><td>4,121.3</td><td>584.7</td><td>3,005.8</td><td>530.8</td></tr><tr><td>May</td><td>21,069.5</td><td>9,928.6</td><td>7,088.2</td><td>3,919.8</td><td>132.9</td><td>4,080.8</td><td>599.9</td><td>2,974.5</td><td>506.3</td></tr><tr><td>June</td><td>21,491.6</td><td>10,066.8</td><td>7,298.5</td><td>3,969.6</td><td>156.7</td><td>4,041.6</td><td>582.7</td><td>3,007.7</td><td>451.1</td></tr><tr><td>July p</td><td>21,750.2</td><td>10,099.2</td><td>7,523.0</td><td>3,983.3</td><td>144.7</td><td>4,106.9</td><td>634.8</td><td>3,062.6</td><td>409.5</td></tr><tr><td>August p</td><td>21,627.8</td><td>10,536.8</td><td>7,573.9</td><td>3,404.1</td><td>113.0</td><td>4,077.9</td><td>594.5</td><td>3,070.8</td><td>412.9</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">Corporate and other</th><th colspan="3">Stocks</th><th>Total purchases</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>1935-41......</td><td>396.8 3/</td><td>492.4 3/</td><td>-95.7 3/</td><td>2/</td><td>2/</td><td>2/</td><td>430.2 3/</td><td>841.6 2/</td><td>-411.4 2/</td><td>9,322.1</td><td>8,695.3</td><td>626.7</td></tr><tr><td>1942.........</td><td>164.2</td><td>138.5</td><td>25.7</td><td>2/</td><td>2/</td><td>2/</td><td>96.4</td><td>75.5</td><td>20.9</td><td>260.6</td><td>214.0</td><td>46.6</td></tr><tr><td>1943.........</td><td>241.3</td><td>170.6</td><td>70.7</td><td>2/</td><td>2/</td><td>2/</td><td>151.6</td><td>194.6</td><td>-43.0</td><td>392.9</td><td>365.2</td><td>27.8</td></tr><tr><td>1944.........</td><td>513.6</td><td>268.2</td><td>245.3</td><td>2/</td><td>2/</td><td>2/</td><td>136.9</td><td>171.4</td><td>-34.6</td><td>650.4</td><td>439.7</td><td>210.7</td></tr><tr><td>1945.........</td><td>377.7</td><td>393.4</td><td>-15.7</td><td>2/</td><td>2/</td><td>2/</td><td>260.2</td><td>357.7</td><td>-97.4</td><td>637.9</td><td>751.0</td><td>-113.1</td></tr><tr><td>1946.........</td><td>414.5</td><td>684.2</td><td>-269.7</td><td>2/</td><td>2/</td><td>2/</td><td>367.6</td><td>432.1</td><td>-64.5</td><td>782.1</td><td>1,116.3</td><td>-334.2</td></tr><tr><td>1947.........</td><td>344.8</td><td>283.3</td><td>61.5</td><td>2/</td><td>2/</td><td>2/</td><td>226.1</td><td>376.7</td><td>-150.6</td><td>570.9</td><td>659.9</td><td>-89.1</td></tr><tr><td>1948.........</td><td>282.4</td><td>330.3</td><td>-47.9</td><td>2/</td><td>2/</td><td>2/</td><td>369.7</td><td>514.1</td><td>-144.3</td><td>652.2</td><td>844.4</td><td>-192.2</td></tr><tr><td>1949.........</td><td>430.0</td><td>333.6</td><td>96.4</td><td>2/</td><td>2/</td><td>2/</td><td>354.1</td><td>375.3</td><td>-21.2</td><td>784.1</td><td>708.9</td><td>75.2</td></tr><tr><td>1950.........</td><td>1,236.4</td><td>294.3</td><td>942.1</td><td>107.7</td><td>108.3</td><td>-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>739.8</td><td>619.5</td><td>120.3</td><td>1,533.3</td><td>2,117.6</td><td>-584.3</td></tr><tr><td>1952.........</td><td>533.7</td><td>231.4</td><td>302.3</td><td>200.1</td><td>188.5</td><td>11.7</td><td>650.2</td><td>649.2</td><td>1.0</td><td>1,384.0</td><td>1,069.0</td><td>314.9</td></tr><tr><td>1953.........</td><td>646.0</td><td>728.0</td><td>-82.0</td><td>212.8</td><td>197.4</td><td>15.3</td><td>589.1</td><td>533.9</td><td>55.2</td><td>1,447.9</td><td>1,459.4</td><td>-11.5</td></tr><tr><td>1954.........</td><td>800.9</td><td>792.7</td><td>8.2</td><td>289.7</td><td>283.6</td><td>6.1</td><td>1,115.1</td><td>980.2</td><td>135.0</td><td>2,205.7</td><td>2,056.4</td><td>149.3</td></tr><tr><td>1955.........</td><td>1,341.1</td><td>812.1</td><td>529.0</td><td>324.7</td><td>296.0</td><td>28.7</td><td>1,561.2</td><td>1,433.7</td><td>127.5</td><td>3,227.0</td><td>2,541.8</td><td>685.2</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>1,163.8</td><td>142.6</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.........</td><td>1,216.9</td><td>528.0</td><td>688.9</td><td>368.8</td><td>296.2</td><td>72.6</td><td>2,224.4</td><td>1,861.5</td><td>362.9</td><td>3,810.1</td><td>2,685.7</td><td>1,124.4</td></tr><tr><td>1960.........</td><td>1,729.6</td><td>1,603.0</td><td>126.6</td><td>442.4</td><td>392.3</td><td>50.1</td><td>1,976.5</td><td>1,774.8</td><td>201.7</td><td>4,148.5</td><td>3,770.1</td><td>378.4</td></tr><tr><td>1961-January.</td><td>72.9</td><td>96.2</td><td>-23.2</td><td>31.2</td><td>32.7</td><td>-1.5</td><td>218.7</td><td>186.7</td><td>32.0</td><td>322.8</td><td>315.5</td><td>7.3</td></tr><tr><td>February</td><td>322.5</td><td>69.4</td><td>253.0</td><td>21.4</td><td>35.5</td><td>-14.0</td><td>249.0</td><td>217.4</td><td>31.6</td><td>592.9</td><td>322.3</td><td>270.6</td></tr><tr><td>March......</td><td>62.6</td><td>86.4</td><td>-23.8</td><td>46.4</td><td>36.5</td><td>9.9</td><td>324.2</td><td>292.3</td><td>31.9</td><td>433.2</td><td>415.2</td><td>18.0</td></tr><tr><td>April....</td><td>90.7</td><td>97.3</td><td>-6.7</td><td>30.6</td><td>46.5</td><td>-15.9</td><td>317.4</td><td>261.7</td><td>55.7</td><td>438.7</td><td>405.6</td><td>33.1</td></tr><tr><td>May......</td><td>155.5</td><td>206.7</td><td>-51.2</td><td>28.1</td><td>41.2</td><td>-13.2</td><td>316.1</td><td>258.3</td><td>57.8</td><td>499.6</td><td>506.3</td><td>-6.6</td></tr><tr><td>June.....</td><td>41.4</td><td>74.5</td><td>-33.1</td><td>33.0</td><td>39.5</td><td>-6.5</td><td>269.7</td><td>236.6</td><td>33.1</td><td>344.1</td><td>350.6</td><td>-6.5</td></tr><tr><td>July p..</td><td>169.5</td><td>127.8</td><td>41.7</td><td>25.4</td><td>38.1</td><td>-12.7</td><td>167.0</td><td>172.4</td><td>-5.4</td><td>361.9</td><td>338.3</td><td>23.7</td></tr><tr><td>August p</td><td>340.4</td><td>176.9</td><td>163.5</td><td>20.9</td><td>30.8</td><td>-9.8</td><td>225.4</td><td>223.4</td><td>2.0</td><td>586.8</td><td>431.1</td><td>155.7</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 i.- earlier years. p Preliminary.
72
Treasury Bulletin
CAPITAL MOVEMENTS
Section I - Summary by Period
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>1945-41.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>4,008.2</td><td>3,152.6</td><td>855.3</td></tr><tr><td>1942.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>220.5</td><td>227.9</td><td>-7.7</td></tr><tr><td>1943.</td><td>446.4</td><td>372.2</td><td>74.2</td><td>23.3</td><td>19.8</td><td>3.5</td><td>469.6</td><td>391.9</td><td>77.7</td></tr><tr><td>1944.</td><td>314.3</td><td>225.3</td><td>89.0</td><td>26.6</td><td>22.1</td><td>4.5</td><td>340.9</td><td>247.4</td><td>93.5</td></tr><tr><td>1945.</td><td>318.1</td><td>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>-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>32.6</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>-15.5</td></tr><tr><td>1951.</td><td>500.4</td><td>801.0</td><td>-300.6</td><td>272.3</td><td>348.7</td><td>-76.4</td><td>772.7</td><td>1,149.7</td><td>-377.0</td></tr><tr><td>1952.</td><td>495.3</td><td>677.4</td><td>-182.1</td><td>293.9</td><td>329.6</td><td>-35.8</td><td>789.1</td><td>1,007.0</td><td>-217.9</td></tr><tr><td>1953.</td><td>542.5</td><td>621.5</td><td>-79.0</td><td>310.1</td><td>303.4</td><td>6.8</td><td>852.7</td><td>924.9</td><td>-72.2</td></tr><tr><td>1954.</td><td>792.4</td><td>841.3</td><td>-48.8</td><td>393.3</td><td>644.9</td><td>-251.6</td><td>1,185.8</td><td>1,486.1</td><td>-300.4</td></tr><tr><td>1955.</td><td>693.3</td><td>509.4</td><td>183.9</td><td>663.6</td><td>877.9</td><td>-214.3</td><td>1,356.9</td><td>1,387.3</td><td>-30.4</td></tr><tr><td>1956.</td><td>606.5</td><td>991.5</td><td>-385.0</td><td>749.2</td><td>875.2</td><td>-126.1</td><td>1,355.7</td><td>1,866.8</td><td>-511.1</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>2,014.0</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>-336.41</td><td>1,356.2</td><td>2,718.8</td><td>-1,362.5</td></tr><tr><td>1959.</td><td>945.6</td><td>1,577.6</td><td>-512.0</td><td>566.1</td><td>803.8</td><td>-237.7</td><td>1,511.7</td><td>2,361.5</td><td>-749.7</td></tr><tr><td>1960.</td><td>882.9</td><td>1,445.0</td><td>-562.1</td><td>509.1</td><td>591.7</td><td>-82.6</td><td>1,392.0</td><td>2,036.7</td><td>-644.7</td></tr><tr><td>1961-January.</td><td>54.0</td><td>97.8</td><td>-43.8</td><td>53.1</td><td>51.5</td><td>1.6</td><td>107.1</td><td>149.3</td><td>-42.2</td></tr><tr><td>February.</td><td>45.6</td><td>73.9</td><td>-28.3</td><td>38.5</td><td>63.0</td><td>-24.5</td><td>84.1</td><td>136.8</td><td>-52.8</td></tr><tr><td>March.</td><td>42.8</td><td>90.8</td><td>-48.0</td><td>58.1</td><td>91.1</td><td>-33.0</td><td>100.9</td><td>181.9</td><td>-81.0</td></tr><tr><td>April.</td><td>43.6</td><td>97.2</td><td>-53.5</td><td>50.2</td><td>96.3</td><td>-46.1</td><td>93.8</td><td>193.5</td><td>-99.7</td></tr><tr><td>May.</td><td>58.7</td><td>122.5</td><td>-63.8</td><td>56.9</td><td>95.6</td><td>-38.7</td><td>115.6</td><td>218.1</td><td>-102.6</td></tr><tr><td>June.</td><td>59.7</td><td>87.0</td><td>-27.3</td><td>53.5</td><td>72.3</td><td>-18.9</td><td>113.1</td><td>159.3</td><td>-46.2</td></tr><tr><td>July p.</td><td>47.7</td><td>111.2</td><td>-63.5</td><td>33.2</td><td>71.6</td><td>-18.5</td><td>80.9</td><td>162.8</td><td>-81.9</td></tr><tr><td>August p.</td><td>37.4</td><td>30.0</td><td>7.5</td><td>40.5</td><td>59.1</td><td>-18.6</td><td>77.9</td><td>89.0</td><td>-11.1</td></tr></table>
n.a. Not available
p Preliminary.
r Revised.
October 1961
73
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>1957</th><th>1958</th><th>1959</th><th>1960</th><th>February</th><th>March</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August 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>348.9</td><td>411.2</td><td>331.4</td><td>243.1</td><td>205.3</td><td>197.8</td><td>193.6</td><td>189.4</td><td>186.8</td><td>194.8</td><td>211.6</td></tr><tr><td>Belgium</td><td>130.2</td><td>115.1</td><td>138.1</td><td>145.6</td><td>139.3</td><td>150.2</td><td>186.8</td><td>219.7</td><td>233.2</td><td>310.0</td><td>300.1</td></tr><tr><td>Czechoslovakia</td><td>.7</td><td>.6</td><td>.7</td><td>1.0</td><td>.9</td><td>1.1</td><td>1.1</td><td>1.0</td><td>.9</td><td>1.0</td><td>1.0</td></tr><tr><td>Denmark</td><td>112.5</td><td>168.8</td><td>136.5</td><td>54.2</td><td>51.6</td><td>57.9</td><td>57.2</td><td>47.4</td><td>50.1</td><td>35.6</td><td>38.3</td></tr><tr><td>Finland</td><td>64.5</td><td>68.8</td><td>70.9</td><td>46.0</td><td>46.8</td><td>43.7</td><td>44.4</td><td>51.0</td><td>67.1</td><td>77.0</td><td>86.8</td></tr><tr><td>France</td><td>353.7</td><td>532.1</td><td>655.3</td><td>519.0</td><td>687.1</td><td>592.4</td><td>632.8</td><td>722.9</td><td>842.1</td><td>1,011.6</td><td>871.4</td></tr><tr><td>Germany, Federal Republic of</td><td>1,557.2</td><td>1,754.7</td><td>1,987.3</td><td>3,475.7</td><td>3,583.3</td><td>3,510.2</td><td>3,184.2</td><td>3,085.8</td><td>3,074.9</td><td>2,969.5</td><td>2,791.0</td></tr><tr><td>Greece</td><td>153.5</td><td>126.3</td><td>186.3</td><td>63.1</td><td>51.7</td><td>66.6</td><td>68.4</td><td>61.8</td><td>58.9</td><td>58.7</td><td>54.8</td></tr><tr><td>Italy</td><td>1,078.6</td><td>1,120.8</td><td>1,370.3</td><td>877.1</td><td>724.4</td><td>783.9</td><td>822.6</td><td>857.8</td><td>924.9</td><td>1,008.4</td><td>1,098.1</td></tr><tr><td>Netherlands</td><td>202.5</td><td>338.7</td><td>485.2</td><td>328.5</td><td>245.5</td><td>279.8</td><td>264.7</td><td>250.0</td><td>270.8</td><td>252.4</td><td>199.6</td></tr><tr><td>Norway</td><td>93.4</td><td>129.6</td><td>95.5</td><td>81.2</td><td>82.2</td><td>82.8</td><td>83.5</td><td>97.5</td><td>100.9</td><td>94.7</td><td>104.6</td></tr><tr><td>Poland</td><td>3.2</td><td>4.9</td><td>4.0</td><td>6.1</td><td>5.7</td><td>5.8</td><td>4.9</td><td>7.6</td><td>6.1</td><td>7.1</td><td>8.3</td></tr><tr><td>Portugal</td><td>142.1</td><td>163.0</td><td>137.5</td><td>83.6</td><td>80.2</td><td>75.6</td><td>80.3</td><td>81.9</td><td>73.1</td><td>79.9</td><td>83.6</td></tr><tr><td>Romania</td><td>.8</td><td>.9</td><td>.9</td><td>1.1</td><td>1.1</td><td>2.0</td><td>1.2</td><td>1.1</td><td>1.2</td><td>1.2</td><td>1.4</td></tr><tr><td>Spain</td><td>24.3</td><td>36.2</td><td>86.1</td><td>148.5</td><td>127.5</td><td>111.2</td><td>117.9</td><td>124.8</td><td>134.6</td><td>133.9</td><td>133.2</td></tr><tr><td>Sweden</td><td>260.3</td><td>303.4</td><td>212.5</td><td>226.6</td><td>233.1</td><td>267.7</td><td>282.1</td><td>338.5</td><td>404.0</td><td>435.6</td><td>387.4</td></tr><tr><td>Switzerland</td><td>967.0</td><td>851.9</td><td>969.3</td><td>678.2</td><td>567.8</td><td>556.4</td><td>538.1</td><td>522.5</td><td>578.9</td><td>549.3</td><td>661.1</td></tr><tr><td>Turkey</td><td>18.3</td><td>20.1</td><td>30.7</td><td>18.4</td><td>19.5</td><td>23.7</td><td>16.7</td><td>13.1</td><td>15.9</td><td>13.4</td><td>16.9</td></tr><tr><td>U.S.S.R.</td><td>.7</td><td>2.2</td><td>2.6</td><td>12.1</td><td>6.1</td><td>5.8</td><td>5.8</td><td>6.1</td><td>9.0</td><td>6.8</td><td>6.2</td></tr><tr><td>United Kingdom</td><td>1,275.4</td><td>872.9</td><td>989.6</td><td>1,667.3</td><td>1,568.5</td><td>1,754.5</td><td>1,618.8</td><td>1,642.2</td><td>1,708.6</td><td>1,690.7</td><td>2,434.4</td></tr><tr><td>Yugoslavia</td><td>10.6</td><td>9.5</td><td>6.2</td><td>10.0</td><td>7.0</td><td>13.6</td><td>10.3</td><td>7.2</td><td>9.0</td><td>7.0</td><td>7.8</td></tr><tr><td>Other Europe</td><td>343.7</td><td>676.1</td><td>575.7</td><td>358.6</td><td>253.4</td><td>294.5</td><td>353.0</td><td>376.4</td><td>396.6</td><td>365.7</td><td>365.0</td></tr><tr><td>Total Europe</td><td>7,141.8</td><td>7,707.9</td><td>8,472.6</td><td>9,045.0</td><td>8,688.0</td><td>8,877.1</td><td>8,568.4</td><td>8,705.9</td><td>9,147.6</td><td>9,304.4</td><td>9,862.6</td></tr><tr><td>Canada</td><td>1,623.0</td><td>2,019.2</td><td>2,198.0</td><td>2,438.8</td><td>2,422.2</td><td>2,430.6</td><td>2,436.8</td><td>2,620.2</td><td>2,658.8</td><td>2,704.1</td><td>2,707.7</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>136.8</td><td>149.8</td><td>336.8</td><td>315.0</td><td>288.7</td><td>313.5</td><td>325.8</td><td>307.7</td><td>282.8</td><td>277.6</td><td>275.3</td></tr><tr><td>Bolivia</td><td>26.3</td><td>22.2</td><td>24.4</td><td>23.1</td><td>23.9</td><td>23.3</td><td>21.2</td><td>21.0</td><td>21.3</td><td>23.2</td><td>23.5</td></tr><tr><td>Brazil</td><td>132.2</td><td>138.1</td><td>150.7</td><td>194.1</td><td>169.7</td><td>192.7</td><td>184.8</td><td>220.3</td><td>185.9</td><td>231.0</td><td>218.1</td></tr><tr><td>Chile</td><td>75.1</td><td>100.0</td><td>184.5</td><td>135.1</td><td>112.1</td><td>132.8</td><td>128.4</td><td>118.7</td><td>124.1</td><td>115.7</td><td>124.6</td></tr><tr><td>Colombia</td><td>152.9</td><td>168.8</td><td>216.8</td><td>158.3</td><td>172.0</td><td>160.3</td><td>149.5</td><td>132.3</td><td>119.2</td><td>149.0</td><td>133.9</td></tr><tr><td>Cuba</td><td>235.0</td><td>286.5</td><td>163.8</td><td>77.0</td><td>66.5</td><td>63.2</td><td>62.4</td><td>61.4</td><td>57.6</td><td>52.9</td><td>48.7</td></tr><tr><td>Dominican Republic</td><td>53.6</td><td>39.7</td><td>36.9</td><td>36.9</td><td>29.5</td><td>31.1</td><td>29.2</td><td>32.2</td><td>31.3</td><td>32.3</td><td>30.3</td></tr><tr><td>Guatemala</td><td>65.4</td><td>41.6</td><td>37.1</td><td>43.9</td><td>51.2</td><td>53.0</td><td>57.6</td><td>58.3</td><td>58.8</td><td>54.7</td><td>48.7</td></tr><tr><td>Mexico</td><td>386.3</td><td>418.2</td><td>442.4</td><td>397.3</td><td>349.5</td><td>336.2</td><td>358.1</td><td>332.2</td><td>332.7</td><td>338.9</td><td>430.4</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>73.4</td><td>79.4</td><td>87.8</td><td>72.0</td><td>68.6</td><td>76.8</td><td>84.2</td><td>82.5</td><td>89.9</td><td>86.9</td><td>81.4</td></tr><tr><td>Panama, Republic of</td><td>136.0</td><td>146.3</td><td>129.2</td><td>123.0</td><td>100.1</td><td>94.5</td><td>88.8</td><td>79.8</td><td>77.7</td><td>77.3</td><td>77.8</td></tr><tr><td>Peru</td><td>59.9</td><td>77.1</td><td>82.2</td><td>72.2</td><td>62.3</td><td>65.4</td><td>66.0</td><td>64.0</td><td>70.5</td><td>82.6</td><td>86.5</td></tr><tr><td>El Salvador</td><td>27.2</td><td>26.2</td><td>28.0</td><td>24.3</td><td>30.8</td><td>28.1</td><td>28.6</td><td>28.3</td><td>26.7</td><td>31.2</td><td>26.9</td></tr><tr><td>Uruguay</td><td>55.1</td><td>82.4</td><td>61.5</td><td>51.3</td><td>52.4</td><td>47.3</td><td>49.3</td><td>46.5</td><td>50.3</td><td>49.5</td><td>51.6</td></tr><tr><td>Venezuela</td><td>835.3</td><td>494.1</td><td>276.9</td><td>398.2</td><td>446.3</td><td>493.6</td><td>458.2</td><td>454.2</td><td>428.1</td><td>438.5</td><td>366.6</td></tr><tr><td>Other Latin America</td><td>124.4</td><td>133.0</td><td>148.3</td><td>300.6</td><td>270.9</td><td>259.9</td><td>251.2</td><td>255.0</td><td>259.3</td><td>264.2</td><td>249.8</td></tr><tr><td>Total Latin America</td><td>2,575.1</td><td>2,403.4</td><td>2,407.5</td><td>2,422.4</td><td>2,294.3</td><td>2,371.8</td><td>2,343.1</td><td>2,294.4</td><td>2,216.1</td><td>2,305.4</td><td>2,274.2</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>36.3</td><td>36.0</td><td>35.8</td><td>34.8</td><td>34.5</td><td>34.6</td><td>34.4</td><td>34.6</td><td>35.4</td><td>35.1</td><td>34.9</td></tr><tr><td>Hong Kong</td><td>69.7</td><td>61.6</td><td>60.0</td><td>57.3</td><td>52.2</td><td>52.7</td><td>51.3</td><td>50.5</td><td>51.8</td><td>52.5</td><td>53.1</td></tr><tr><td>India</td><td>82.4</td><td>77.3</td><td>114.3</td><td>53.9</td><td>44.2</td><td>47.6</td><td>39.6</td><td>42.9</td><td>41.0</td><td>36.7</td><td>77.7</td></tr><tr><td>Indonesia</td><td>150.7</td><td>108.4</td><td>138.6</td><td>178.2</td><td>150.3</td><td>100.5</td><td>88.5</td><td>85.7</td><td>85.5</td><td>74.4</td><td>78.5</td></tr><tr><td>Iran</td><td>55.3</td><td>42.7</td><td>46.6</td><td>22.4</td><td>45.4</td><td>43.1</td><td>41.5</td><td>40.6</td><td>47.5</td><td>32.4</td><td>38.6</td></tr><tr><td>Israel</td><td>52.2</td><td>55.9</td><td>86.5</td><td>74.7</td><td>68.8</td><td>62.1</td><td>49.6</td><td>42.4</td><td>47.5</td><td>51.1</td><td>64.1</td></tr><tr><td>Japan</td><td>585.7</td><td>935.1</td><td>1,285.1</td><td>1,887.5</td><td>1,990.8</td><td>2,028.1</td><td>2,095.7</td><td>2,036.0</td><td>1,983.1</td><td>1,913.5</td><td>1,765.7</td></tr><tr><td>Korea, Republic of</td><td>117.0</td><td>145.5</td><td>147.6</td><td>152.2</td><td>144.9</td><td>155.2</td><td>153.6</td><td>162.8</td><td>167.5</td><td>177.7</td><td>186.3</td></tr><tr><td>Philippines</td><td>174.5</td><td>176.3</td><td>17.5</td><td>202.8</td><td>197.6</td><td>194.8</td><td>171.6</td><td>172.9</td><td>162.8</td><td>182.3</td><td>173.8</td></tr><tr><td>Taiwan</td><td>85.8</td><td>98.7</td><td>94.1</td><td>83.7</td><td>81.4</td><td>76.3</td><td>76.7</td><td>76.7</td><td>80.7</td><td>80.3</td><td>88.8</td></tr><tr><td>Thailand</td><td>156.5</td><td>133.3</td><td>141.2</td><td>185.8</td><td>209.3</td><td>214.5</td><td>215.2</td><td>223.3</td><td>227.5</td><td>231.4</td><td>236.6</td></tr><tr><td>Other Asia</td><td>380.2</td><td>334.6</td><td>458.3</td><td>179.5</td><td>184.5</td><td>179.0</td><td>180.7</td><td>208.5</td><td>202.4</td><td>223.2</td><td>232.6</td></tr><tr><td>Total Asia</td><td>1,946.3</td><td>2,205.3</td><td>2,779.6</td><td>3,112.9</td><td>3,203.8</td><td>3,188.4</td><td>3,198.2</td><td>3,177.1</td><td>3,132.6</td><td>3,090.9</td><td>3,030.8</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>84.8</td><td>78.9</td><td>110.5</td><td>88.1</td><td>73.4</td><td>83.2</td><td>123.8</td><td>75.7</td><td>83.3</td><td>80.9</td><td>79.2</td></tr><tr><td>Congo, Republic of the 2/</td><td>39.3</td><td>29.8</td><td>31.3</td><td>31.9</td><td>33.1</td><td>31.1</td><td>31.5</td><td>22.3</td><td>29.6</td><td>29.5</td><td>27.4</td></tr><tr><td>Egyptian Region - U.A.R. 3/</td><td>40.1</td><td>16.2</td><td>20.3</td><td>21.9</td><td>20.1</td><td>21.2</td><td>20.6</td><td>21.6</td><td>16.2</td><td>16.0</td><td>21.1</td></tr><tr><td>Union of South Africa</td><td>37.6</td><td>29.6</td><td>48.7</td><td>29.3</td><td>36.1</td><td>30.9</td><td>30.3</td><td>40.3</td><td>38.7</td><td>39.6</td><td>40.2</td></tr><tr><td>All other</td><td>153.0</td><td>124.9</td><td>162.1</td><td>181.1</td><td>184.5</td><td>181.8</td><td>186.7</td><td>192.2</td><td>199.0</td><td>196.2</td><td>180.7</td></tr><tr><td>Total other countries</td><td>354.7</td><td>279.3</td><td>372.9</td><td>352.2</td><td>347.3</td><td>348.2</td><td>393.0</td><td>352.2</td><td>366.9</td><td>362.1</td><td>348.5</td></tr><tr><td>International</td><td>1,517.3</td><td>1,544.0</td><td>3,158.1</td><td>3,954.9</td><td>3,817.3</td><td>3,877.1</td><td>3,917.5</td><td>3,919.8</td><td>3,969.6</td><td>3,983.3</td><td>3,404.1</td></tr><tr><td>Grand total</td><td>15,158.3</td><td>16,159.1</td><td>19,388.7</td><td>21,326.1</td><td>20,773.0</td><td>21,093.2</td><td>20,857.1</td><td>21,069.5</td><td>21,491.6</td><td>21,750.2</td><td>21,627.8</td></tr></table>
1/ Liabilities to countries not regularly reported separately are published annually in Section IV, Table 5.
2/ Formerly Belgian Congo.
3/ Data on liabilities to the Syrian Region - U.A.R. are published annually in Section IV, Table 5.
p Preliminary.
74
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1957</th><th>1958</th><th>1959</th><th>1960</th><th>February</th><th>March</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th></tr><tr><td colspan="12">Europe:</td></tr><tr><td>Austria</td><td>6.4</td><td>7.1</td><td>4.3</td><td>2.3</td><td>2.4</td><td>2.6</td><td>2.4</td><td>2.8</td><td>2.9</td><td>2.6</td><td>2.7</td></tr><tr><td>Belgium</td><td>24.5</td><td>64.6</td><td>56.3</td><td>65.1</td><td>61.1</td><td>58.1</td><td>56.4</td><td>57.8</td><td>43.0</td><td>43.2</td><td>12.5</td></tr><tr><td>Czechoslovakia</td><td>1.1</td><td>7</td><td>1.2</td><td>1.4</td><td>1.8</td><td>1.0</td><td>1.6</td><td>1.8</td><td>1.3</td><td>1.1</td><td>1.8</td></tr><tr><td>Denmark</td><td>10.7</td><td>14.3</td><td>18.1</td><td>13.2</td><td>12.1</td><td>12.3</td><td>10.6</td><td>10.7</td><td>9.3</td><td>9.4</td><td>10.7</td></tr><tr><td>Finland</td><td>4.1</td><td>5.9</td><td>8.4</td><td>9.2</td><td>9.4</td><td>10.0</td><td>10.7</td><td>11.4</td><td>13.9</td><td>14.2</td><td>14.3</td></tr><tr><td>France</td><td>114.4</td><td>102.1</td><td>57.1</td><td>32.0</td><td>37.2</td><td>44.4</td><td>44.3</td><td>41.7</td><td>44.1</td><td>46.2</td><td>40.2</td></tr><tr><td>Germany, Federal Republic of</td><td>140.0</td><td>76.5</td><td>54.0</td><td>81.8</td><td>81.0</td><td>107.7</td><td>135.2</td><td>144.8</td><td>147.5</td><td>141.4</td><td>136.1</td></tr><tr><td>Greece</td><td>6.3</td><td>7.2</td><td>4.8</td><td>6.2</td><td>6.7</td><td>6.4</td><td>7.0</td><td>7.0</td><td>6.6</td><td>8.1</td><td>6.4</td></tr><tr><td>Italy</td><td>56.3</td><td>35.7</td><td>29.7</td><td>34.1</td><td>36.0</td><td>36.5</td><td>46.0</td><td>42.4</td><td>33.4</td><td>35.5</td><td>37.1</td></tr><tr><td>Netherlands</td><td>29.4</td><td>55.6</td><td>38.3</td><td>33.3</td><td>32.3</td><td>46.8</td><td>41.8</td><td>42.0</td><td>45.3</td><td>47.0</td><td>42.6</td></tr><tr><td>Norway</td><td>23.4</td><td>22.2</td><td>7.1</td><td>17.0</td><td>10.5</td><td>10.3</td><td>9.8</td><td>9.6</td><td>11.3</td><td>11.4</td><td>11.2</td></tr><tr><td>Poland</td><td>3.6</td><td>3.5</td><td>3.7</td><td>6.1</td><td>4.9</td><td>4.8</td><td>6.5</td><td>6.4</td><td>7.3</td><td>6.5</td><td>5.3</td></tr><tr><td>Portugal</td><td>2.0</td><td>2.1</td><td>2.1</td><td>3.9</td><td>2.5</td><td>2.8</td><td>2.5</td><td>2.5</td><td>2.8</td><td>1.9</td><td>2.3</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>8.1</td><td>29.7</td><td>8.4</td><td>7.6</td><td>6.1</td><td>7.1</td><td>7.0</td><td>7.9</td><td>10.9</td><td>7.8</td><td>6.8</td></tr><tr><td>Sweden</td><td>10.2</td><td>24.0</td><td>18.6</td><td>27.9</td><td>25.2</td><td>25.7</td><td>24.4</td><td>24.9</td><td>25.4</td><td>16.9</td><td>15.8</td></tr><tr><td>Switzerland</td><td>34.5</td><td>42.4</td><td>38.4</td><td>59.5</td><td>61.2</td><td>74.2</td><td>69.7</td><td>65.3</td><td>63.9</td><td>63.8</td><td>58.4</td></tr><tr><td>Turkey</td><td>76.2</td><td>72.5</td><td>47.3</td><td>48.8</td><td>31.8</td><td>34.9</td><td>23.9</td><td>14.9</td><td>24.3</td><td>12.9</td><td>21.9</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>1.1</td><td>-</td><td>*</td><td>*</td><td>1.4</td><td>*</td><td>1.4</td><td>3.1</td><td>1.2</td><td>1.2</td></tr><tr><td>United Kingdom</td><td>97.5</td><td>123.9</td><td>120.7</td><td>245.3</td><td>170.5</td><td>167.5</td><td>173.2</td><td>171.4</td><td>164.9</td><td>187.4</td><td>137.5</td></tr><tr><td>Yugoslavia</td><td>2.2</td><td>1.9</td><td>2.9</td><td>11.1</td><td>8.9</td><td>12.4</td><td>15.8</td><td>15.7</td><td>16.1</td><td>16.0</td><td>13.6</td></tr><tr><td>Other Europe</td><td>5.8</td><td>5.2</td><td>12.7</td><td>10.9</td><td>7.2</td><td>10.1</td><td>10.8</td><td>12.2</td><td>9.8</td><td>10.9</td><td>9.8</td></tr><tr><td>Total Europe</td><td>653.6</td><td>695.9</td><td>534.0</td><td>716.7</td><td>608.8</td><td>676.0</td><td>699.5</td><td>693.4</td><td>686.9</td><td>684.2</td><td>586.9</td></tr><tr><td>Canada</td><td>154.1</td><td>242.5</td><td>272.3</td><td>409.1</td><td>376.7</td><td>466.7</td><td>498.6</td><td>478.4</td><td>436.9</td><td>413.8</td><td>460.3</td></tr><tr><td colspan="12">Latin America:</td></tr><tr><td>Argentina</td><td>28.3</td><td>39.8</td><td>59.6</td><td>120.8</td><td>121.5</td><td>128.0</td><td>127.3</td><td>132.6</td><td>142.6</td><td>148.3</td><td>158.3</td></tr><tr><td>Bolivia</td><td>3.2</td><td>3.1</td><td>4.0</td><td>3.9</td><td>4.5</td><td>4.3</td><td>4.7</td><td>4.6</td><td>4.6</td><td>4.7</td><td>7.7</td></tr><tr><td>Brazil</td><td>99.5</td><td>147.5</td><td>117.1</td><td>225.4</td><td>228.4</td><td>240.8</td><td>213.0</td><td>202.3</td><td>182.2</td><td>160.0</td><td>146.7</td></tr><tr><td>Chile</td><td>32.6</td><td>52.1</td><td>59.3</td><td>72.7</td><td>76.5</td><td>88.3</td><td>117.8</td><td>110.9</td><td>114.4</td><td>120.2</td><td>118.7</td></tr><tr><td>Colombia</td><td>103.2</td><td>50.6</td><td>67.9</td><td>80.4</td><td>79.0</td><td>78.2</td><td>79.2</td><td>80.7</td><td>91.3</td><td>90.7</td><td>91.2</td></tr><tr><td>Cuba</td><td>113.1</td><td>166.1</td><td>115.1</td><td>25.5</td><td>20.7</td><td>20.6</td><td>20.6</td><td>20.3</td><td>20.2</td><td>19.4</td><td>20.2</td></tr><tr><td>Dominican Republic</td><td>14.7</td><td>19.1</td><td>28.9</td><td>15.8</td><td>13.2</td><td>13.3</td><td>12.8</td><td>14.2</td><td>13.1</td><td>11.8</td><td>12.6</td></tr><tr><td>Gustale</td><td>7.8</td><td>11.8</td><td>10.2</td><td>13.7</td><td>14.1</td><td>14.9</td><td>12.1</td><td>14.0</td><td>12.9</td><td>14.0</td><td>16.6</td></tr><tr><td>Mexico</td><td>231.0</td><td>293.0</td><td>290.8</td><td>343.4</td><td>312.6</td><td>305.9</td><td>322.8</td><td>322.0</td><td>326.9</td><td>336.4</td><td>375.2</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>2.3</td><td>5.9</td><td>4.0</td><td>8.5</td><td>5.0</td><td>5.1</td><td>5.2</td><td>6.7</td><td>6.3</td><td>7.9</td><td>8.1</td></tr><tr><td>Panama, Republic of</td><td>18.5</td><td>23.4</td><td>17.9</td><td>22.6</td><td>28.2</td><td>26.2</td><td>28.9</td><td>37.8</td><td>25.6</td><td>25.3</td><td>28.4</td></tr><tr><td>Peru</td><td>30.8</td><td>30.7</td><td>36.0</td><td>44.3</td><td>48.3</td><td>48.5</td><td>50.3</td><td>54.7</td><td>61.3</td><td>63.4</td><td>67.2</td></tr><tr><td>El Salvador</td><td>8.4</td><td>9.8</td><td>14.8</td><td>21.7</td><td>19.0</td><td>18.8</td><td>17.2</td><td>15.2</td><td>12.1</td><td>14.3</td><td>16.9</td></tr><tr><td>Uruguay</td><td>41.7</td><td>51.9</td><td>47.1</td><td>57.0</td><td>48.4</td><td>44.1</td><td>40.5</td><td>42.7</td><td>45.6</td><td>38.0</td><td>38.8</td></tr><tr><td>Venezuela</td><td>169.9</td><td>141.7</td><td>246.7</td><td>234.5</td><td>310.9</td><td>274.1</td><td>280.8</td><td>214.8</td><td>120.7</td><td>119.0</td><td>120.9</td></tr><tr><td>Other Latin America</td><td>51.0</td><td>52.9</td><td>56.7</td><td>65.5</td><td>59.7</td><td>63.1</td><td>61.2</td><td>62.7</td><td>63.3</td><td>71.5</td><td>67.8</td></tr><tr><td>Total Latin America</td><td>955.8</td><td>1,099.3</td><td>1,176.1</td><td>1,355.6</td><td>1,389.9</td><td>1,374.3</td><td>1,394.4</td><td>1,336.5</td><td>1,243.2</td><td>1,244.9</td><td>1,295.3</td></tr><tr><td colspan="12">Asia:</td></tr><tr><td>China Mainland</td><td>2.5</td><td>2.5</td><td>2.5</td><td>1.7</td><td>1.8</td><td>1.7</td><td>1.7</td><td>1.7</td><td>1.7</td><td>1.7</td><td>1.7</td></tr><tr><td>Hong Kong</td><td>6.9</td><td>5.5</td><td>10.4</td><td>9.3</td><td>9.3</td><td>10.1</td><td>10.5</td><td>9.8</td><td>9.4</td><td>9.2</td><td>9.9</td></tr><tr><td>India</td><td>5.6</td><td>4.1</td><td>5.8</td><td>9.2</td><td>9.0</td><td>10.7</td><td>11.1</td><td>11.9</td><td>40.5</td><td>39.8</td><td>9.6</td></tr><tr><td>Indonesia</td><td>2</td><td>2</td><td>3</td><td>2</td><td>2</td><td>3</td><td>4</td><td>5</td><td>3</td><td>2</td><td>2</td></tr><tr><td>Iran</td><td>21.7</td><td>27.3</td><td>29.4</td><td>32.9</td><td>42.9</td><td>47.9</td><td>52.2</td><td>47.3</td><td>47.2</td><td>36.4</td><td>35.7</td></tr><tr><td>Israel</td><td>23.6</td><td>23.3</td><td>14.3</td><td>23.9</td><td>31.6</td><td>32.6</td><td>29.5</td><td>32.8</td><td>32.6</td><td>33.9</td><td>30.7</td></tr><tr><td>Japan</td><td>145.6</td><td>178.6</td><td>323.7</td><td>806.7</td><td>956.3</td><td>1,074.4</td><td>1,162.1</td><td>1,196.1</td><td>1,272.4</td><td>1,340.6</td><td>1,346.1</td></tr><tr><td>Korea, Republic of</td><td>1.6</td><td>1.3</td><td>1.2</td><td>2.1</td><td>2.3</td><td>3.2</td><td>2.5</td><td>3.1</td><td>2.8</td><td>2.8</td><td>3.7</td></tr><tr><td>Philippines</td><td>52.9</td><td>66.8</td><td>23.9</td><td>18.6</td><td>18.2</td><td>19.3</td><td>23.1</td><td>26.1</td><td>23.6</td><td>42.1</td><td>36.9</td></tr><tr><td>Taiwan</td><td>5.7</td><td>6.1</td><td>9.0</td><td>7.3</td><td>9.6</td><td>10.7</td><td>11.2</td><td>13.8</td><td>15.4</td><td>13.4</td><td>11.7</td></tr><tr><td>Thailand</td><td>13.7</td><td>12.8</td><td>14.7</td><td>24.0</td><td>24.2</td><td>22.8</td><td>22.6</td><td>25.2</td><td>26.5</td><td>29.7</td><td>28.9</td></tr><tr><td>Other Asia</td><td>106.1</td><td>106.5</td><td>150.7</td><td>117.1</td><td>118.4</td><td>120.6</td><td>125.5</td><td>128.8</td><td>125.8</td><td>124.5</td><td>122.2</td></tr><tr><td>Total Asia</td><td>386.1</td><td>435.1</td><td>585.8</td><td>1,053.0</td><td>1,223.8</td><td>1,354.4</td><td>1,452.5</td><td>1,497.3</td><td>1,598.2</td><td>1,674.3</td><td>1,637.1</td></tr><tr><td colspan="12">Other countries:</td></tr><tr><td>Australia</td><td>12.7</td><td>12.8</td><td>17.6</td><td>27.6</td><td>28.4</td><td>26.2</td><td>26.8</td><td>25.3</td><td>25.3</td><td>25.9</td><td>32.4</td></tr><tr><td>Congo, Republic of the 2/</td><td>5.0</td><td>3.7</td><td>3.1</td><td>2.5</td><td>3.8</td><td>4.0</td><td>4.2</td><td>3.4</td><td>3.3</td><td>3.5</td><td>3.5</td></tr><tr><td>Egyptian Region - U.A.R. 3/</td><td>1.0</td><td>2.5</td><td>2.0</td><td>3.2</td><td>3.5</td><td>6.6</td><td>8.5</td><td>9.7</td><td>10.2</td><td>13.4</td><td>13.5</td></tr><tr><td>Union of South Africa</td><td>12.0</td><td>21.1</td><td>11.8</td><td>11.0</td><td>11.9</td><td>12.7</td><td>13.1</td><td>12.5</td><td>14.8</td><td>24.3</td><td>24.2</td></tr><tr><td>All other</td><td>18.9</td><td>29.1</td><td>21.3</td><td>24.2</td><td>25.3</td><td>26.4</td><td>23.8</td><td>24.2</td><td>22.6</td><td>22.7</td><td>24.6</td></tr><tr><td>Total other countries</td><td>49.7</td><td>69.2</td><td>55.8</td><td>68.5</td><td>72.9</td><td>75.9</td><td>76.1</td><td>75.1</td><td>76.2</td><td>89.8</td><td>98.2</td></tr><tr><td>International</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>2,199.4</td><td>2,542.0</td><td>2,624.0</td><td>3,603.0</td><td>3,672.1</td><td>3,947.3</td><td>4,121.3</td><td>4,080.8</td><td>4,041.6</td><td>4,106.9</td><td>4,077.9</td></tr></table>
1/ Excludes convertible currencies held by U. S. monetary authorities.
2/ Formerly Belgian Congo.
3/ Data on claims on the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
Less than $50,000. Preliminary. Revised.
October 1961
75
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>1957</th><th>1958</th><th>1959</th><th>1960</th><th>February</th><th>March</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>-6</td><td>-1,018</td><td>70</td><td>-4</td><td>36</td><td>334</td><td>44</td><td>14</td><td>153</td><td>30</td><td>-35</td></tr><tr><td>Belgium</td><td>9,886</td><td>-4,795</td><td>5,897</td><td>4,661</td><td>966</td><td>2,084</td><td>-1,045</td><td>-810</td><td>-274</td><td>-1,664</td><td>-1,723</td></tr><tr><td>Czechoslovakia</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>-702</td><td>678</td><td>57,037</td><td>-34,480</td><td>-413</td><td>-76</td><td>-27</td><td>242</td><td>108</td><td>-719</td><td>-124</td></tr><tr><td>Finland</td><td>-37</td><td>-4,476</td><td>200</td><td>-236</td><td>-</td><td>5</td><td>-</td><td>1,916</td><td>-1</td><td>-</td><td>-279</td></tr><tr><td>France</td><td>9,543</td><td>5,235</td><td>62,303</td><td>20,039</td><td>2,479</td><td>2,518</td><td>-298</td><td>4,385</td><td>-1,176</td><td>-604</td><td>-128</td></tr><tr><td>Germany, Federal Republic of</td><td>3,012</td><td>1,337</td><td>22,749</td><td>19,345</td><td>1,059</td><td>685</td><td>123</td><td>1,649</td><td>3,465</td><td>1,561</td><td>153</td></tr><tr><td>Greece</td><td>61</td><td>-5,715</td><td>276</td><td>-248</td><td>-61</td><td>-58</td><td>-69</td><td>-94</td><td>135</td><td>-101</td><td>-87</td></tr><tr><td>Italy</td><td>672</td><td>1,871</td><td>6,937</td><td>28,099</td><td>910</td><td>109</td><td>752</td><td>4,599</td><td>-1,761</td><td>-3,327</td><td>-260</td></tr><tr><td>Netherlands</td><td>39,416</td><td>-7,645</td><td>38,327</td><td>-3,348</td><td>615</td><td>-3,236</td><td>3,382</td><td>5,137</td><td>2,557</td><td>-1,916</td><td>5,746</td></tr><tr><td>Norway</td><td>19,046</td><td>18,303</td><td>24,196</td><td>1,156</td><td>-3,508</td><td>7,599</td><td>-3,615</td><td>1,599</td><td>-11,210</td><td>2,351</td><td>851</td></tr><tr><td>Poland</td><td>37</td><td>-26</td><td>-9</td><td>-2</td><td>-</td><td>-</td><td>-</td><td>-21</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>4,494</td><td>2,109</td><td>2,415</td><td>10,655</td><td>409</td><td>495</td><td>-18</td><td>1,106</td><td>478</td><td>605</td><td>1,080</td></tr><tr><td>Romania</td><td>-14</td><td>-</td><td>-17</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>-651</td><td>-2,249</td><td>-517</td><td>372</td><td>424</td><td>-575</td><td>-48</td><td>654</td><td>192</td><td>107</td><td>-174</td></tr><tr><td>Sweden</td><td>6,111</td><td>4,339</td><td>92,384</td><td>-23,252</td><td>9,351</td><td>859</td><td>-272</td><td>-754</td><td>-39,280</td><td>-197</td><td>19,989</td></tr><tr><td>Switzerland</td><td>98,302</td><td>-32,303</td><td>265,643</td><td>139,149</td><td>15,210</td><td>16,639</td><td>21,130</td><td>26,799</td><td>17,069</td><td>-7,215</td><td>-7,362</td></tr><tr><td>Turkey</td><td>79</td><td>36</td><td>391</td><td>145</td><td>24</td><td>26</td><td>-5</td><td>22</td><td>77</td><td>71</td><td>-29</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>79,027</td><td>-12,228</td><td>143,358</td><td>41,367</td><td>27,731</td><td>-9,283</td><td>22,208</td><td>-29,798</td><td>18,299</td><td>38,255</td><td>16,739</td></tr><tr><td>Yugoslavia</td><td>-165</td><td>-26</td><td>-2</td><td>-13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>23,161</td><td>-3,624</td><td>23,644</td><td>-5,230</td><td>3,799</td><td>1,508</td><td>800</td><td>1,770</td><td>863</td><td>420</td><td>271</td></tr><tr><td>Total Europe</td><td>291,273</td><td>-40,197</td><td>745,282</td><td>198,182</td><td>59,031</td><td>19,633</td><td>43,042</td><td>18,415</td><td>-10,301</td><td>27,657</td><td>34,628</td></tr><tr><td>Canada</td><td>-8,357</td><td>-202,213</td><td>80,696</td><td>-81,890</td><td>9,066</td><td>-554</td><td>-7,160</td><td>-27,988</td><td>-7,617</td><td>-15,270</td><td>-16,312</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>1,255</td><td>281</td><td>3,385</td><td>-722</td><td>-196</td><td>-454</td><td>-339</td><td>-465</td><td>200</td><td>4</td><td>-134</td></tr><tr><td>Bolivia</td><td>-448</td><td>-333</td><td>169</td><td>113</td><td>4</td><td>-12</td><td>33</td><td>-29</td><td>43</td><td>4</td><td>6</td></tr><tr><td>Brazil</td><td>869</td><td>-623</td><td>2,147</td><td>2,594</td><td>308</td><td>183</td><td>675</td><td>1,403</td><td>1,210</td><td>570</td><td>-707</td></tr><tr><td>Chile</td><td>963</td><td>-2,601</td><td>-497</td><td>1,762</td><td>213</td><td>-59</td><td>48</td><td>-305</td><td>537</td><td>16</td><td>52</td></tr><tr><td>Colombia</td><td>1,292</td><td>410</td><td>1,094</td><td>62</td><td>16</td><td>-166</td><td>54</td><td>-34</td><td>191</td><td>-20</td><td>53</td></tr><tr><td>Cuba</td><td>-8,738</td><td>-68,517</td><td>-2,276</td><td>-43,437</td><td>200</td><td>399</td><td>-46</td><td>6</td><td>-130</td><td>208</td><td>25</td></tr><tr><td>Dominican Republic</td><td>-20</td><td>232</td><td>379</td><td>1,249</td><td>317</td><td>159</td><td>62</td><td>379</td><td>116</td><td>191</td><td>-15</td></tr><tr><td>Guatemala</td><td>408</td><td>1,656</td><td>292</td><td>941</td><td>54</td><td>-146</td><td>-1</td><td>47</td><td>87</td><td>125</td><td>235</td></tr><tr><td>Mexico</td><td>2,028</td><td>2,561</td><td>1,321</td><td>-990</td><td>-1,024</td><td>260</td><td>-176</td><td>219</td><td>-905</td><td>437</td><td>2,039</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>3,810</td><td>25,546</td><td>19,538</td><td>22,425</td><td>862</td><td>-118</td><td>2,888</td><td>5,041</td><td>-42</td><td>1,000</td><td>-825</td></tr><tr><td>Panama, Republic of</td><td>524</td><td>-726</td><td>2,912</td><td>2,948</td><td>-721</td><td>-2,168</td><td>2,704</td><td>468</td><td>1,313</td><td>551</td><td>549</td></tr><tr><td>Peru</td><td>257</td><td>-879</td><td>1,449</td><td>533</td><td>-69</td><td>176</td><td>526</td><td>-53</td><td>267</td><td>186</td><td>-207</td></tr><tr><td>El Salvador</td><td>124</td><td>-181</td><td>-256</td><td>-265</td><td>-1,009</td><td>7</td><td>18</td><td>18</td><td>-4</td><td>2</td><td>-3</td></tr><tr><td>Uruguay</td><td>4,185</td><td>-2,533</td><td>9,514</td><td>-888</td><td>-497</td><td>-101</td><td>271</td><td>1,788</td><td>704</td><td>-229</td><td>-782</td></tr><tr><td>Venezuela</td><td>1,483</td><td>-1,210</td><td>8,841</td><td>4,071</td><td>1,255</td><td>467</td><td>1,434</td><td>713</td><td>535</td><td>220</td><td>702</td></tr><tr><td>Other Latin America</td><td>125</td><td>917</td><td>-1,227</td><td>-506</td><td>25,157</td><td>3,381</td><td>19,701</td><td>95</td><td>8,717</td><td>35</td><td>21,656</td></tr><tr><td>Total Latin America</td><td>8,117</td><td>-46,000</td><td>46,785</td><td>-10,110</td><td>24,870</td><td>1,808</td><td>27,852</td><td>9,291</td><td>12,839</td><td>3,300</td><td>22,644</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>219</td><td>-403</td><td>-2</td><td>43</td><td>-43</td><td>-21</td><td>-31</td><td>-29</td><td>10</td><td>-17</td><td>28</td></tr><tr><td>Hong Kong</td><td>-2,335</td><td>4,231</td><td>18,454</td><td>9,791</td><td>3,407</td><td>5,390</td><td>6,691</td><td>2,495</td><td>-519</td><td>3,111</td><td>1,855</td></tr><tr><td>India</td><td>-453</td><td>-1,389</td><td>1,044</td><td>39,839</td><td>-27</td><td>-3,994</td><td>3,013</td><td>1,030</td><td>-3,992</td><td>2,955</td><td>-2,969</td></tr><tr><td>Indonesia</td><td>85</td><td>58</td><td>1,156</td><td>-1,032</td><td>23</td><td>17</td><td>-9</td><td>10</td><td>39</td><td>29</td><td>25</td></tr><tr><td>Iran</td><td>94</td><td>174</td><td>186</td><td>215</td><td>-5</td><td>-98</td><td>-72</td><td>65</td><td>-35</td><td>40</td><td>7</td></tr><tr><td>Israel</td><td>-181</td><td>91</td><td>1,281</td><td>-74</td><td>54</td><td>107</td><td>-276</td><td>-29</td><td>107</td><td>47</td><td>-55</td></tr><tr><td>Japan</td><td>-1,694</td><td>-572</td><td>981</td><td>558</td><td>101</td><td>-94</td><td>-15</td><td>-61</td><td>59</td><td>33</td><td>17</td></tr><tr><td>Korea, Republic of</td><td>2</td><td>-2</td><td>22</td><td>9</td><td>-5</td><td>-6</td><td>-</td><td>14</td><td>15</td><td>18</td><td>-5</td></tr><tr><td>Philippines</td><td>-756</td><td>-1,993</td><td>505</td><td>-1,347</td><td>75</td><td>252</td><td>-109</td><td>83</td><td>24</td><td>92</td><td>-14</td></tr><tr><td>Taiwan</td><td>-493</td><td>-1,091</td><td>-1,357</td><td>-1,504</td><td>32</td><td>-112</td><td>-30</td><td>78</td><td>-65</td><td>5</td><td>-56</td></tr><tr><td>Thailand</td><td>545</td><td>58</td><td>-369</td><td>99</td><td>2</td><td>23</td><td>4</td><td>-22</td><td>53</td><td>13</td><td>-</td></tr><tr><td>Other Asia</td><td>9,577</td><td>3,542</td><td>23,832</td><td>536</td><td>510</td><td>568</td><td>798</td><td>666</td><td>565</td><td>357</td><td>15</td></tr><tr><td>Total Asia</td><td>4,610</td><td>2,704</td><td>45,733</td><td>47,133</td><td>4,124</td><td>2,032</td><td>9,964</td><td>4,300</td><td>-3,739</td><td>6,683</td><td>-1,152</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>-174</td><td>150</td><td>-323</td><td>-648</td><td>177</td><td>-10</td><td>153</td><td>1</td><td>-23</td><td>48</td><td>26</td></tr><tr><td>Congo, Republic of the 1/.</td><td>60</td><td>-48</td><td>45</td><td>62</td><td>-</td><td>1</td><td>-</td><td>4</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R. 2/.</td><td>77</td><td>105</td><td>44</td><td>-191</td><td>14</td><td>12</td><td>-3</td><td>1</td><td>6</td><td>-15</td><td>-</td></tr><tr><td>Union of South Africa</td><td>441</td><td>129</td><td>187</td><td>769</td><td>34</td><td>-11</td><td>-36</td><td>15</td><td>33</td><td>3</td><td>-2</td></tr><tr><td>All other</td><td>3,149</td><td>-786</td><td>18,881</td><td>-13,331</td><td>1,628</td><td>-39</td><td>435</td><td>-809</td><td>352</td><td>93</td><td>-11</td></tr><tr><td>Total other countries</td><td>3,553</td><td>-450</td><td>18,834</td><td>-13,339</td><td>1,853</td><td>-47</td><td>549</td><td>-788</td><td>371</td><td>129</td><td>13</td></tr><tr><td>International</td><td>-157,420</td><td>283,453</td><td>187,023</td><td>238,440</td><td>171,661</td><td>-4,864</td><td>-41,112</td><td>-9,853</td><td>1,946</td><td>1,167</td><td>115,876</td></tr><tr><td>Grand total</td><td>141,776</td><td>-2,703</td><td>1,124,353</td><td>378,416</td><td>270,605</td><td>18,008</td><td>33,135</td><td>-6,623</td><td>-6,501</td><td>23,666</td><td>155,697</td></tr></table>
1/ Formerly Belgian Congo. 2/ Data on transactions by the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
p Preliminary.
76
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
<table><tr><th>Country</th><th>1957</th><th>1958</th><th>1959</th><th>1960</th><th>February</th><th>March</th><th>April</th><th>May</th><th>June</th><th>July p</th><th>August p</th></tr><tr><td colspan="12">Europe:</td></tr><tr><td>Austria</td><td>2,402</td><td>-18,018</td><td>-137</td><td>197</td><td>-9</td><td>1,909</td><td>-</td><td>15</td><td>-2</td><td>9</td><td>94</td></tr><tr><td>Belgium</td><td>602</td><td>21,299</td><td>7,500</td><td>14,385</td><td>256</td><td>-1,108</td><td>-637</td><td>1,510</td><td>541</td><td>456</td><td>-1,110</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-587</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>3,387</td><td>3,256</td><td>-13,630</td><td>177</td><td>-7,165</td><td>-4,997</td><td>-2,820</td><td>339</td><td>8</td><td>-21</td><td>121</td></tr><tr><td>Finland</td><td>288</td><td>5,102</td><td>5,021</td><td>3,282</td><td>-</td><td>77</td><td>-411</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>17,602</td><td>18,912</td><td>-93,465</td><td>10,325</td><td>-1,466</td><td>-5,192</td><td>-1,514</td><td>-3,790</td><td>-12,093</td><td>-923</td><td>-1,394</td></tr><tr><td>Germany, Federal Republic of</td><td>203,837</td><td>99,082</td><td>47,539</td><td>-41,730</td><td>-3,962</td><td>-2,134</td><td>-3,836</td><td>-2,561</td><td>-1,167</td><td>10,046</td><td>-479</td></tr><tr><td>Greece</td><td>885</td><td>-912</td><td>-552</td><td>-1,564</td><td>48</td><td>-3</td><td>-</td><td>-1</td><td>3</td><td>44</td><td>-96</td></tr><tr><td>Italy</td><td>4,585</td><td>7,345</td><td>-35,375</td><td>26,968</td><td>337</td><td>29</td><td>-103</td><td>-682</td><td>1,595</td><td>-1,044</td><td>81</td></tr><tr><td>Netherlands</td><td>-8,641</td><td>-234,089</td><td>-32,383</td><td>-87,643</td><td>-12,119</td><td>-7,882</td><td>-2,418</td><td>-3,539</td><td>2,297</td><td>-3,318</td><td>-3,296</td></tr><tr><td>Norway</td><td>9,065</td><td>-16,325</td><td>1,449</td><td>-6,819</td><td>280</td><td>2,434</td><td>1,768</td><td>-15,962</td><td>1,845</td><td>1,687</td><td>694</td></tr><tr><td>Poland</td><td>-4</td><td>-7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-11</td></tr><tr><td>Portugal</td><td>358</td><td>3,513</td><td>407</td><td>414</td><td>9</td><td>17</td><td>178</td><td>62</td><td>-7</td><td>-17</td><td>-51</td></tr><tr><td>Rumania</td><td>-5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>66</td><td>-57</td><td>-739</td><td>1,409</td><td>-530</td><td>-624</td><td>-243</td><td>-57</td><td>-48</td><td>-257</td><td>-812</td></tr><tr><td>Sweden</td><td>519</td><td>691</td><td>-10,643</td><td>5,271</td><td>-492</td><td>-518</td><td>6</td><td>-630</td><td>-363</td><td>-260</td><td>-152</td></tr><tr><td>Switzerland</td><td>27,904</td><td>92,200</td><td>51,384</td><td>-5,871</td><td>-4,290</td><td>-7,218</td><td>-2,503</td><td>344</td><td>-1,607</td><td>778</td><td>-2,028</td></tr><tr><td>Turkey</td><td>17</td><td>-16</td><td>336</td><td>102</td><td>-</td><td>2</td><td>13</td><td>-22</td><td>3</td><td>2</td><td>-120</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>3,909</td><td>-27,801</td><td>17,726</td><td>-1,384</td><td>-996</td><td>3,365</td><td>670</td><td>-1,675</td><td>-2,463</td><td>452</td><td>-1,664</td></tr><tr><td>Yugoslavia</td><td>35</td><td>24</td><td>500</td><td>500</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>-35,745</td><td>-26,268</td><td>5,348</td><td>-35,339</td><td>-162</td><td>-1,692</td><td>3,296</td><td>1,774</td><td>-5,019</td><td>4,571</td><td>7</td></tr><tr><td>Total Europe</td><td>231,066</td><td>-72,072</td><td>-49,714</td><td>-117,320</td><td>-30,261</td><td>-23,535</td><td>-8,554</td><td>-24,873</td><td>-17,063</td><td>12,117</td><td>-10,216</td></tr><tr><td>Iceland</td><td>-552,227</td><td>-543,274</td><td>-443,009</td><td>-195,849</td><td>-6,459</td><td>-42,150</td><td>-55,097</td><td>-49,731</td><td>-23,475</td><td>-67,021</td><td>-5,309</td></tr><tr><td colspan="12">Latin America:</td></tr><tr><td>Argentina</td><td>-370</td><td>-442</td><td>-92</td><td>3,154</td><td>-16</td><td>-136</td><td>132</td><td>15</td><td>-315</td><td>-154</td><td>-148</td></tr><tr><td>Bolivia</td><td>292</td><td>69</td><td>24</td><td>47</td><td>3</td><td>6</td><td>-10</td><td>2</td><td>-</td><td>-</td><td>-35</td></tr><tr><td>Brazil</td><td>8,697</td><td>4,979</td><td>7,804</td><td>5,864</td><td>625</td><td>178</td><td>649</td><td>-2,194</td><td>3,235</td><td>689</td><td>362</td></tr><tr><td>Chile</td><td>913</td><td>812</td><td>2,291</td><td>631</td><td>107</td><td>177</td><td>163</td><td>74</td><td>-144</td><td>195</td><td>203</td></tr><tr><td>Colombia</td><td>3,339</td><td>2,421</td><td>2,437</td><td>4,168</td><td>12</td><td>-3</td><td>16</td><td>-963</td><td>699</td><td>184</td><td>52</td></tr><tr><td>Costa Rica</td><td>806</td><td>-152</td><td>-588</td><td>-5,551</td><td>-22</td><td>73</td><td>33</td><td>3</td><td>-5</td><td>-14</td><td>-</td></tr><tr><td>Dominican Republic</td><td>-350</td><td>-80</td><td>12</td><td>614</td><td>12</td><td>124</td><td>76</td><td>16</td><td>-</td><td>-</td><td>41</td></tr><tr><td>Guatemala</td><td>-14</td><td>-60</td><td>21</td><td>2</td><td>-8</td><td>5</td><td>-</td><td>-1</td><td>9</td><td>4</td><td>11</td></tr><tr><td>Mexico</td><td>13,488</td><td>17,060</td><td>507</td><td>-53,597</td><td>-24,420</td><td>183</td><td>214</td><td>-673</td><td>-43</td><td>325</td><td>285</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>176</td><td>1,547</td><td>1,790</td><td>3,492</td><td>271</td><td>776</td><td>784</td><td>42</td><td>549</td><td>-356</td><td>-141</td></tr><tr><td>Panama, Republic of</td><td>106</td><td>-13,669</td><td>-3,599</td><td>-34,435</td><td>973</td><td>-165</td><td>146</td><td>1,647</td><td>-454</td><td>-317</td><td>-233</td></tr><tr><td>Peru</td><td>-2,310</td><td>-443</td><td>-134</td><td>-1,760</td><td>13</td><td>-17</td><td>-41</td><td>-138</td><td>19</td><td>102</td><td>55</td></tr><tr><td>El Salvador</td><td>-72</td><td>-703</td><td>2,443</td><td>-1,080</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>-1,642</td><td>3,532</td><td>1,913</td><td>-3,034</td><td>-100</td><td>-512</td><td>-80</td><td>-618</td><td>-813</td><td>-199</td><td>-290</td></tr><tr><td>Venezuela</td><td>-8,045</td><td>253</td><td>1,321</td><td>688</td><td>201</td><td>152</td><td>309</td><td>-656</td><td>-210</td><td>-14</td><td>147</td></tr><tr><td>Other Latin America</td><td>95</td><td>-10,266</td><td>-4,905</td><td>-26,634</td><td>-4,120</td><td>-1,214</td><td>-22,479</td><td>-2,100</td><td>595</td><td>56</td><td>272</td></tr><tr><td>Total Latin America</td><td>15,109</td><td>4,858</td><td>11,245</td><td>-107,431</td><td>-26,469</td><td>-373</td><td>-20,088</td><td>-5,544</td><td>3,122</td><td>501</td><td>581</td></tr><tr><td colspan="12">Asia:</td></tr><tr><td>China Mainland</td><td>-103</td><td>8</td><td>59</td><td>-52</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>14,490</td><td>28,318</td><td>15,283</td><td>1,513</td><td>-247</td><td>-68</td><td>-149</td><td>70</td><td>-118</td><td>-627</td><td>51</td></tr><tr><td>India</td><td>-</td><td>-50</td><td>151</td><td>-15</td><td>3</td><td>-1</td><td>1</td><td>-4</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>72</td><td>42</td><td>24</td><td>26</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>-5</td><td>1,015</td><td>-30</td><td>-2,117</td><td>-</td><td>-6</td><td>-3</td><td>-6</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>-50,564</td><td>-46,677</td><td>-50,536</td><td>-48,113</td><td>-3,126</td><td>-4,889</td><td>-3,376</td><td>-3,537</td><td>-6,225</td><td>-3,820</td><td>-2,318</td></tr><tr><td>Japan</td><td>677</td><td>598</td><td>-32,736</td><td>763</td><td>310</td><td>-5,538</td><td>-15,165</td><td>-18,935</td><td>15,958</td><td>-885</td><td>-397</td></tr><tr><td>Korea, Republic of</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>659</td><td>-693</td><td>1,782</td><td>1,879</td><td>-</td><td>-3</td><td>14</td><td>16</td><td>9</td><td>13</td><td>33</td></tr><tr><td>Taiwan</td><td>-25</td><td>-52</td><td>-370</td><td>-3</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-453</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>-525</td><td>-185</td><td>-955</td><td>553</td><td>-490</td><td>-</td><td>-</td><td>1</td><td>-</td><td>3</td><td>22</td></tr><tr><td>Other Asia</td><td>-9,874</td><td>-27,167</td><td>-29,326</td><td>4,939</td><td>2</td><td>-43</td><td>-10</td><td>-6</td><td>33</td><td>16</td><td>22</td></tr><tr><td>Total Asia</td><td>-45,188</td><td>-44,843</td><td>-96,654</td><td>-40,627</td><td>-3,546</td><td>-10,547</td><td>-18,688</td><td>-22,401</td><td>9,217</td><td>-5,300</td><td>-2,609</td></tr><tr><td colspan="12">Other countries:</td></tr><tr><td>Australia</td><td>6,051</td><td>-44,744</td><td>-18,166</td><td>-43,094</td><td>-266</td><td>-1,118</td><td>-358</td><td>-780</td><td>-2,056</td><td>-25,517</td><td>461</td></tr><tr><td>Congo, Republic of the</td><td>283</td><td>-16,099</td><td>-6</td><td>-16</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R. 2/</td><td>-308</td><td>-</td><td>-356</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>3</td><td>-</td></tr><tr><td>Union of South Africa</td><td>5,633</td><td>-66,917</td><td>9,067</td><td>8,535</td><td>-314</td><td>-428</td><td>339</td><td>-402</td><td>-799</td><td>430</td><td>-13</td></tr><tr><td>All other</td><td>1,221</td><td>-22,175</td><td>-5,554</td><td>-1,869</td><td>-304</td><td>-20</td><td>4</td><td>2</td><td>260</td><td>52</td><td>60</td></tr><tr><td>Total other countries</td><td>12,880</td><td>-149,625</td><td>-15,015</td><td>-36,444</td><td>-884</td><td>-1,560</td><td>-15</td><td>-1,180</td><td>-2,595</td><td>-25,034</td><td>512</td></tr><tr><td>International</td><td>-383,783</td><td>-557,576</td><td>-156,583</td><td>-147,046</td><td>14,862</td><td>-2,825</td><td>2,773</td><td>1,235</td><td>-15,387</td><td>2,753</td><td>5,923</td></tr><tr><td>Grand total</td><td>-722,143</td><td>-1,362,532</td><td>-749,730</td><td>-644,777</td><td>-52,757</td><td>-80,990</td><td>-99,669</td><td>-102,494</td><td>-46,181</td><td>-81,984</td><td>-11,118</td></tr></table>
1 Formerly Belgian Congo.
2 Data on transactions by the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
p Preliminary.
October 1961
77
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of August 31, 1961
(Position in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th rowspan="2">Total short-term liabilities</th><th colspan="4">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</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>211,561</td><td>210,172</td><td>205,509</td><td>4,663</td><td>1,325</td><td>1,314</td><td>11</td><td>64</td><td></td></tr><tr><td>Belgium</td><td>300,128</td><td>259,257</td><td>235,529</td><td>14,190</td><td>9,538</td><td>40,477</td><td>32,984</td><td>363</td><td>7,130</td><td>394</td></tr><tr><td>Czechoslovakia</td><td>1,036</td><td>755</td><td>664</td><td>91</td><td>281</td><td>281</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>38,301</td><td>30,599</td><td>13,305</td><td>15,800</td><td>1,494</td><td>7,582</td><td>7,028</td><td>45</td><td>509</td><td>120</td></tr><tr><td>Finland</td><td>86,810</td><td>85,626</td><td>46,505</td><td>25,700</td><td>13,421</td><td>1,184</td><td>1,184</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>871,407</td><td>818,261</td><td>251,071</td><td>529,141</td><td>38,049</td><td>52,135</td><td>46,441</td><td>2,677</td><td>3,017</td><td>1,011</td></tr><tr><td>Germany, Federal Republic of</td><td>2,791,036</td><td>2,751,557</td><td>337,467</td><td>2,014,850</td><td>399,240</td><td>38,190</td><td>31,867</td><td>1,921</td><td>4,402</td><td>1,289</td></tr><tr><td>Greece</td><td>54,765</td><td>38,974</td><td>31,938</td><td>7,000</td><td>36</td><td>15,791</td><td>15,791</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>1,098,105</td><td>1,071,172</td><td>143,462</td><td>746,880</td><td>180,830</td><td>26,602</td><td>22,430</td><td>3,590</td><td>582</td><td>331</td></tr><tr><td>Netherlands</td><td>199,574</td><td>170,250</td><td>110,105</td><td>49,853</td><td>10,292</td><td>29,208</td><td>22,838</td><td>1,311</td><td>5,059</td><td>116</td></tr><tr><td>Norway</td><td>104,558</td><td>69,003</td><td>54,048</td><td>11,000</td><td>3,955</td><td>35,509</td><td>34,847</td><td>373</td><td>289</td><td>46</td></tr><tr><td>Poland</td><td>8,335</td><td>7,899</td><td>7,362</td><td>-</td><td>537</td><td>436</td><td>408</td><td>25</td><td>3</td><td>-</td></tr><tr><td>Portugal</td><td>83,572</td><td>43,287</td><td>41,185</td><td>-</td><td>2,102</td><td>40,271</td><td>38,537</td><td>86</td><td>1,648</td><td>14</td></tr><tr><td>Romania</td><td>1,388</td><td>1,118</td><td>1,087</td><td>-</td><td>31</td><td>270</td><td>270</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>133,226</td><td>112,710</td><td>111,794</td><td>-</td><td>916</td><td>20,429</td><td>20,056</td><td>22</td><td>351</td><td>87</td></tr><tr><td>Sweden</td><td>387,393</td><td>377,310</td><td>92,269</td><td>243,500</td><td>41,541</td><td>10,001</td><td>9,818</td><td>75</td><td>108</td><td>82</td></tr><tr><td>Switzerland</td><td>661,136</td><td>559,761</td><td>355,246</td><td>61,535</td><td>142,980</td><td>94,728</td><td>67,146</td><td>5,337</td><td>22,245</td><td>6,647</td></tr><tr><td>Turkey</td><td>16,869</td><td>14,910</td><td>14,905</td><td>-</td><td>5</td><td>1,959</td><td>1,939</td><td>-</td><td>20</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>6,193</td><td>5,938</td><td>5,804</td><td>-</td><td>134</td><td>255</td><td>255</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>2,434,392</td><td>2,112,686</td><td>1,060,650</td><td>967,321</td><td>84,715</td><td>272,713</td><td>105,565</td><td>50,026</td><td>117,122</td><td>48,993</td></tr><tr><td>Yugoslavia</td><td>7,792</td><td>7,221</td><td>6,824</td><td>-</td><td>397</td><td>571</td><td>571</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>364,992</td><td>320,969</td><td>79,935</td><td>84,830</td><td>156,204</td><td>10,175</td><td>8,561</td><td>770</td><td>844</td><td>33,848</td></tr><tr><td>Total Europe</td><td>9,862,569</td><td>9,069,435</td><td>3,206,664</td><td>4,771,600</td><td>1,091,171</td><td>700,092</td><td>470,131</td><td>66,621</td><td>163,340</td><td>93,042</td></tr><tr><td>Canada</td><td>2,707,658</td><td>2,437,634</td><td>1,826,180</td><td>604,704</td><td>6,750</td><td>258,099</td><td>216,861</td><td>29,778</td><td>11,460</td><td>11,925</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>275,289</td><td>204,981</td><td>145,284</td><td>50,500</td><td>9,197</td><td>70,285</td><td>68,139</td><td>52</td><td>2,094</td><td>23</td></tr><tr><td>Bolivia</td><td>23,511</td><td>7,181</td><td>7,177</td><td>-</td><td>4</td><td>16,327</td><td>16,262</td><td>13</td><td>52</td><td>3</td></tr><tr><td>Brazil</td><td>218,070</td><td>86,917</td><td>83,050</td><td>75</td><td>3,792</td><td>131,040</td><td>124,188</td><td>339</td><td>6,513</td><td>113</td></tr><tr><td>Chile</td><td>124,587</td><td>77,318</td><td>77,078</td><td>-</td><td>240</td><td>47,220</td><td>46,095</td><td>107</td><td>1,018</td><td>49</td></tr><tr><td>Colombia</td><td>133,932</td><td>65,789</td><td>64,353</td><td>200</td><td>1,236</td><td>68,119</td><td>67,335</td><td>-</td><td>784</td><td>24</td></tr><tr><td>Cuba</td><td>48,738</td><td>2,066</td><td>2,066</td><td>-</td><td>-</td><td>46,672</td><td>45,301</td><td>95</td><td>1,276</td><td>-</td></tr><tr><td>Dominican Republic</td><td>30,311</td><td>11,185</td><td>11,149</td><td>-</td><td>36</td><td>19,126</td><td>18,925</td><td>31</td><td>170</td><td>-</td></tr><tr><td>Guatemala</td><td>48,713</td><td>31,732</td><td>19,656</td><td>3,700</td><td>8,376</td><td>16,981</td><td>16,846</td><td>65</td><td>70</td><td>-</td></tr><tr><td>Mexico</td><td>430,356</td><td>261,731</td><td>245,738</td><td>10,000</td><td>5,993</td><td>167,985</td><td>163,916</td><td>590</td><td>3,479</td><td>640</td></tr><tr><td>Netherlands Antilles & Surinam</td><td>81,438</td><td>51,012</td><td>35,096</td><td>3,069</td><td>12,847</td><td>30,399</td><td>19,704</td><td>1,036</td><td>9,659</td><td>27</td></tr><tr><td>Panama, Republic of</td><td>77,806</td><td>12,777</td><td>11,943</td><td>-</td><td>834</td><td>65,028</td><td>59,545</td><td>669</td><td>4,814</td><td>1</td></tr><tr><td>Peru</td><td>86,489</td><td>43,880</td><td>43,591</td><td>-</td><td>289</td><td>42,553</td><td>40,431</td><td>67</td><td>2,055</td><td>56</td></tr><tr><td>El Salvador</td><td>26,947</td><td>8,403</td><td>5,696</td><td>1,500</td><td>1,207</td><td>18,544</td><td>18,470</td><td>7</td><td>67</td><td>-</td></tr><tr><td>Uruguay</td><td>51,602</td><td>22,296</td><td>20,649</td><td>-</td><td>1,647</td><td>29,299</td><td>24,029</td><td>1,150</td><td>4,120</td><td>7</td></tr><tr><td>Venezuela</td><td>366,637</td><td>159,746</td><td>159,475</td><td>-</td><td>271</td><td>206,414</td><td>201,515</td><td>1,679</td><td>3,220</td><td>477</td></tr><tr><td>Other Latin America</td><td>249,782</td><td>152,716</td><td>115,943</td><td>22,752</td><td>14,021</td><td>96,036</td><td>88,211</td><td>5,068</td><td>2,757</td><td>1,030</td></tr><tr><td>Total Latin America</td><td>2,274,208</td><td>1,199,730</td><td>1,047,944</td><td>91,796</td><td>59,990</td><td>1,072,028</td><td>1,018,912</td><td>10,968</td><td>42,148</td><td>2,450</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>34,908</td><td>28,956</td><td>28,875</td><td>81</td><td>-</td><td>5,952</td><td>5,941</td><td>11</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>53,126</td><td>26,487</td><td>21,720</td><td>-</td><td>4,767</td><td>26,628</td><td>25,512</td><td>60</td><td>1,056</td><td>11</td></tr><tr><td>India</td><td>77,671</td><td>70,431</td><td>24,389</td><td>42,600</td><td>3,442</td><td>5,535</td><td>5,234</td><td>300</td><td>1</td><td>1,705</td></tr><tr><td>Indonesia</td><td>78,474</td><td>76,091</td><td>66,929</td><td>8,730</td><td>432</td><td>2,383</td><td>2,383</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>38,635</td><td>32,978</td><td>32,978</td><td>-</td><td>-</td><td>5,653</td><td>5,653</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Israel</td><td>64,145</td><td>58,270</td><td>39,445</td><td>900</td><td>17,925</td><td>5,875</td><td>5,875</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>1,765,732</td><td>1,743,368</td><td>1,126,006</td><td>536,805</td><td>80,557</td><td>22,325</td><td>18,357</td><td>180</td><td>3,788</td><td>39</td></tr><tr><td>Korea, Republic of</td><td>186,334</td><td>184,034</td><td>181,384</td><td>150</td><td>2,500</td><td>2,300</td><td>2,300</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>173,789</td><td>151,297</td><td>124,905</td><td>6,500</td><td>19,892</td><td>22,470</td><td>21,922</td><td>348</td><td>200</td><td>22</td></tr><tr><td>Taiwan</td><td>88,792</td><td>83,172</td><td>80,558</td><td>10</td><td>2,604</td><td>5,620</td><td>5,620</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>236,578</td><td>233,988</td><td>65,648</td><td>162,407</td><td>5,933</td><td>2,590</td><td>2,590</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>232,624</td><td>203,334</td><td>123,252</td><td>58,049</td><td>22,033</td><td>28,389</td><td>27,237</td><td>76</td><td>1,076</td><td>901</td></tr><tr><td>Total Asia</td><td>3,030,808</td><td>2,892,406</td><td>1,916,089</td><td>816,232</td><td>160,085</td><td>135,720</td><td>128,624</td><td>975</td><td>6,121</td><td>2,682</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>79,185</td><td>75,690</td><td>36,502</td><td>36,000</td><td>3,188</td><td>2,899</td><td>2,813</td><td>11</td><td>75</td><td>556</td></tr><tr><td>Congo, Republic of the 1/</td><td>27,385</td><td>25,623</td><td>22,313</td><td>1,500</td><td>1,810</td><td>1,762</td><td>1,554</td><td>-</td><td>208</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R. 2/</td><td>21,090</td><td>20,310</td><td>13,522</td><td>3,285</td><td>3,503</td><td>600</td><td>600</td><td>-</td><td>-</td><td>180</td></tr><tr><td>Union of South Africa</td><td>40,198</td><td>35,437</td><td>35,333</td><td>-</td><td>104</td><td>3,420</td><td>2,403</td><td>100</td><td>917</td><td>1,341</td></tr><tr><td>All Other</td><td>180,684</td><td>148,450</td><td>137,610</td><td>5,258</td><td>5,582</td><td>31,403</td><td>29,448</td><td>410</td><td>1,545</td><td>831</td></tr><tr><td>Total other countries</td><td>348,542</td><td>305,510</td><td>245,280</td><td>46,043</td><td>14,187</td><td>40,084</td><td>36,818</td><td>521</td><td>2,745</td><td>2,948</td></tr><tr><td>International</td><td>3,404,054</td><td>3,403,973</td><td>389,679</td><td>3,012,293</td><td>2,001</td><td>81</td><td>6</td><td>75</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>21,627,839</td><td>19,308,688</td><td>8,631,836</td><td>9,342,668</td><td>1,324,184</td><td>2,206,104</td><td>1,871,352</td><td>108,938</td><td>225,814</td><td>113,047</td></tr></table>
1/ Formerly Belgian Congo.
2/ Data on liabilities to the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
78
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of August 31, 1961
(Position in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th rowspan="2">Total short-term claims</th><th colspan="3">Short-term claims payable in dollars</th><th colspan="3">Short-term claims payable in foreign currencies</th></tr><tr><th>Total</th><th>Loans to Foreign banks and official institutions</th><th>Other</th><th>Collections outstanding for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of reporting banks and domestic customers with foreigners</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>2,662</td><td>2,461</td><td>578</td><td>5</td><td>1,401</td><td>477</td><td>201</td><td>201</td><td>-</td></tr><tr><td>Belgium</td><td>12,544</td><td>10,227</td><td>1,015</td><td>1,336</td><td>7,527</td><td>349</td><td>2,317</td><td>2,308</td><td>9</td></tr><tr><td>Czechoslovakia</td><td>1,762</td><td>1,762</td><td>1,702</td><td>1</td><td>59</td><td>-</td><td>672</td><td>672</td><td>-</td></tr><tr><td>Denmark</td><td>10,685</td><td>10,013</td><td>656</td><td>641</td><td>2,172</td><td>6,544</td><td>56</td><td>56</td><td>-</td></tr><tr><td>Finland</td><td>14,320</td><td>14,264</td><td>844</td><td>130</td><td>1,432</td><td>11,858</td><td>3,463</td><td>3,448</td><td>15</td></tr><tr><td>France</td><td>40,159</td><td>36,696</td><td>4,260</td><td>7,650</td><td>10,373</td><td>14,413</td><td>14,393</td><td>12,634</td><td>1,759</td></tr><tr><td>Germany, Federal Republic of</td><td>136,059</td><td>121,666</td><td>22,299</td><td>49,674</td><td>24,035</td><td>25,658</td><td>1,537</td><td>1,334</td><td>203</td></tr><tr><td>Greece</td><td>6,406</td><td>6,406</td><td>3</td><td>2,197</td><td>4,202</td><td>4</td><td>4,181</td><td>4,163</td><td>18</td></tr><tr><td>Italy</td><td>37,070</td><td>35,533</td><td>9,979</td><td>4,900</td><td>16,803</td><td>3,851</td><td>938</td><td>451</td><td>487</td></tr><tr><td>Netherlands</td><td>42,645</td><td>38,464</td><td>6,394</td><td>21,247</td><td>8,070</td><td>2,753</td><td>68</td><td>68</td><td>-</td></tr><tr><td>Norway</td><td>11,173</td><td>10,235</td><td>205</td><td>698</td><td>2,094</td><td>7,238</td><td>543</td><td>543</td><td>-</td></tr><tr><td>Poland</td><td>5,295</td><td>5,295</td><td>-</td><td>55</td><td>1,062</td><td>4,178</td><td>1,335</td><td>1,328</td><td>7</td></tr><tr><td>Portugal</td><td>2,257</td><td>2,189</td><td>101</td><td>21</td><td>1,596</td><td>472</td><td>25,508</td><td>8,197</td><td>17,311</td></tr><tr><td>Romania</td><td>6,839</td><td>6,296</td><td>1,375</td><td>1,142</td><td>2,284</td><td>1,495</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Spain</td><td>15,761</td><td>14,426</td><td>1,832</td><td>548</td><td>5,612</td><td>6,345</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Sweden</td><td>58,381</td><td>32,873</td><td>8,012</td><td>13,269</td><td>5,247</td><td>6,345</td><td>99,641</td><td>77,119</td><td>22,522</td></tr><tr><td>Switzerland</td><td>21,857</td><td>21,852</td><td>17,806</td><td>254</td><td>3,792</td><td>2</td><td>155,308</td><td>112,977</td><td>42,331</td></tr><tr><td>Turkey</td><td>188</td><td>186</td><td>-</td><td>-</td><td>184</td><td>-</td><td>79,988</td><td>79,988</td><td>126,150</td></tr><tr><td>U.S.S.R.</td><td>137,510</td><td>37,869</td><td>10,261</td><td>1,479</td><td>11,784</td><td>14,345</td><td>206,138</td><td>16,340</td><td>4,376</td></tr><tr><td>United Kingdom</td><td>13,575</td><td>13,575</td><td>6,247</td><td>6</td><td>4,066</td><td>3,256</td><td>1,295,347</td><td>1,274,631</td><td>294,986</td></tr><tr><td>Yugoslavia</td><td>9,770</td><td>9,322</td><td>1,520</td><td>4,016</td><td>3,513</td><td>273</td><td>1,729,615</td><td>1,610,253</td><td>331,954</td></tr><tr><td>Other Europe</td><td>586,918</td><td>431,610</td><td>95,089</td><td>109,269</td><td>117,308</td><td>109,944</td><td>26,864</td><td>25,153</td><td>1,711</td></tr><tr><td>Total Europe</td><td>460,323</td><td>254,185</td><td>18,377</td><td>187,253</td><td>11,192</td><td>37,363</td><td>2,558</td><td>762</td><td>1,776</td></tr><tr><td>Canada</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Latin Americas:</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>158,328</td><td>145,787</td><td>15,529</td><td>24,607</td><td>41,311</td><td>64,340</td><td>12,541</td><td>12,078</td><td>463</td></tr><tr><td>Bolivia</td><td>7,710</td><td>7,710</td><td>162</td><td>279</td><td>4,335</td><td>2,934</td><td>254</td><td>33</td><td>221</td></tr><tr><td>Brazil</td><td>146,724</td><td>146,470</td><td>63,629</td><td>26,025</td><td>36,298</td><td>20,518</td><td>112</td><td>16</td><td>96</td></tr><tr><td>Chile</td><td>118,729</td><td>118,617</td><td>47,762</td><td>24,083</td><td>15,454</td><td>31,318</td><td>12</td><td>11</td><td>1</td></tr><tr><td>Colombia</td><td>91,201</td><td>91,189</td><td>6,407</td><td>13,463</td><td>26,472</td><td>44,847</td><td>31</td><td>18</td><td>13</td></tr><tr><td>Cuba</td><td>20,184</td><td>20,153</td><td>-</td><td>1,813</td><td>18,337</td><td>3</td><td>1,000</td><td>1,000</td><td>166</td></tr><tr><td>Dominican Republic</td><td>12,594</td><td>12,428</td><td>4,700</td><td>1,476</td><td>3,919</td><td>2,333</td><td>4,885</td><td>2,844</td><td>2,041</td></tr><tr><td>Guatemala</td><td>16,570</td><td>15,570</td><td>2,313</td><td>1,254</td><td>6,806</td><td>5,197</td><td>1,66</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>375,156</td><td>370,271</td><td>127,171</td><td>65,181</td><td>35,658</td><td>142,261</td><td>3</td><td>10</td><td>57</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>8,092</td><td>8,091</td><td>442</td><td>4,831</td><td>2,164</td><td>654</td><td>67</td><td>-</td><td>5</td></tr><tr><td>Panama, Republic of</td><td>28,441</td><td>28,438</td><td>1,515</td><td>17,549</td><td>5,702</td><td>3,672</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>67,202</td><td>67,135</td><td>2,005</td><td>10,274</td><td>23,301</td><td>31,555</td><td>11</td><td>11</td><td>-</td></tr><tr><td>El Salvador</td><td>16,867</td><td>16,862</td><td>738</td><td>647</td><td>5,254</td><td>10,223</td><td>1,458</td><td>178</td><td>1,280</td></tr><tr><td>Uruguay</td><td>38,842</td><td>38,831</td><td>5,153</td><td>4,294</td><td>4,486</td><td>24,898</td><td>170</td><td>140</td><td>30</td></tr><tr><td>Venezuela</td><td>120,911</td><td>119,453</td><td>13,237</td><td>11,015</td><td>72,429</td><td>22,772</td><td>16,340</td><td>4,376</td><td>-</td></tr><tr><td>Other Latin America</td><td>67,796</td><td>67,626</td><td>4,223</td><td>15,378</td><td>30,648</td><td>17,377</td><td>1,729,615</td><td>1,610,253</td><td>331,954</td></tr><tr><td>Total Latin America</td><td>1,295,347</td><td>1,274,631</td><td>294,986</td><td>222,169</td><td>332,574</td><td>424,902</td><td>20,716</td><td>16,340</td><td>4,376</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>1,696</td><td>1,691</td><td>1,668</td><td>-</td><td>23</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Hong Kong</td><td>9,886</td><td>9,873</td><td>3,737</td><td>2,059</td><td>2,897</td><td>1,180</td><td>13</td><td>13</td><td>-</td></tr><tr><td>India</td><td>9,550</td><td>7,732</td><td>1,672</td><td>278</td><td>4,893</td><td>889</td><td>1,818</td><td>243</td><td>1,575</td></tr><tr><td>Indonesia</td><td>195</td><td>195</td><td>-</td><td>-</td><td>195</td><td>-</td><td>1,094</td><td>1,087</td><td>7</td></tr><tr><td>Iran</td><td>35,659</td><td>34,565</td><td>2,774</td><td>5</td><td>31,337</td><td>449</td><td>23,127</td><td>23,083</td><td>44</td></tr><tr><td>Israel</td><td>30,665</td><td>30,665</td><td>3,121</td><td>2,432</td><td>2,868</td><td>22,244</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Japan</td><td>1,346,111</td><td>1,322,984</td><td>175,708</td><td>3,653</td><td>151,533</td><td>992,090</td><td>8,766</td><td>8,766</td><td>-</td></tr><tr><td>Korea, Republic of</td><td>3,739</td><td>3,739</td><td>-</td><td>-</td><td>2,630</td><td>1,109</td><td>793</td><td>708</td><td>85</td></tr><tr><td>Philippines</td><td>36,865</td><td>36,851</td><td>33,582</td><td>936</td><td>702</td><td>1,631</td><td>224</td><td>109</td><td>115</td></tr><tr><td>Taiwan</td><td>11,704</td><td>11,704</td><td>1,551</td><td>20</td><td>1,367</td><td>8,766</td><td>541</td><td>203</td><td>338</td></tr><tr><td>Thailand</td><td>28,862</td><td>28,862</td><td>10,986</td><td>537</td><td>2,655</td><td>14,684</td><td>98,186</td><td>94,704</td><td>15,339</td></tr><tr><td>Other Asia</td><td>122,185</td><td>121,392</td><td>97,155</td><td>2,681</td><td>18,110</td><td>3,446</td><td>98,186</td><td>94,704</td><td>15,339</td></tr><tr><td>Total Asia</td><td>1,637,117</td><td>1,610,253</td><td>331,954</td><td>12,601</td><td>219,210</td><td>1,046,488</td><td>26,864</td><td>25,153</td><td>1,711</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>32,430</td><td>29,872</td><td>6,372</td><td>1,637</td><td>11,777</td><td>10,086</td><td>2,558</td><td>762</td><td>1,776</td></tr><tr><td>Congo, Republic of the</td><td>3,477</td><td>3,477</td><td>1,953</td><td>-</td><td>1,524</td><td>-</td><td>159</td><td>159</td><td>-</td></tr><tr><td>Egyptian Region-U.A.R.</td><td>13,452</td><td>13,293</td><td>4,733</td><td>501</td><td>588</td><td>7,471</td><td>224</td><td>109</td><td>115</td></tr><tr><td>Union of South Africa</td><td>24,189</td><td>23,965</td><td>89</td><td>6</td><td>8,545</td><td>15,325</td><td>541</td><td>203</td><td>338</td></tr><tr><td>All Other</td><td>24,638</td><td>24,097</td><td>2,192</td><td>3,881</td><td>16,762</td><td>1,262</td><td>98,186</td><td>94,704</td><td>15,339</td></tr><tr><td>Total other countries</td><td>98,186</td><td>94,704</td><td>15,339</td><td>6,025</td><td>39,196</td><td>34,144</td><td>3,482</td><td>1,233</td><td>2,249</td></tr><tr><td>International</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Grand total</td><td>4,077,891</td><td>3,665,383</td><td>755,745</td><td>537,317</td><td>719,480</td><td>1,652,841</td><td>412,508</td><td>235,691</td><td>176,817</td></tr></table>
1/ Excludes convertible currencies held by U. S. monetary authorities. 2/ Formerly Belgian Congo.
3/ Data on claims on the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
October 1961
79
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During August 1961
(in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th colspan="5">Purchases by foreigners</th><th colspan="5">Sales by foreigners</th></tr><tr><th>Total purchases</th><th colspan="3">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="3">Domestic securities</th><th colspan="2">Foreign securities</th></tr><tr><th></th><th></th><th>U.S. Government bonds and notes</th><th>Corporate and other</th><th>Bonds</th><th>Stocks</th><th>Bonds</th><th>Stocks</th><th>U.S. Government bonds and notes</th><th>Corporate and other</th><th>Bonds</th><th>Stocks</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>1,722</td><td>-</td><td>72</td><td>100</td><td>1,950</td><td>100</td><td>133</td><td>113</td><td>-</td><td>107</td><td>3</td><td>3</td></tr><tr><td>Belgium</td><td>2,899</td><td>9</td><td>166</td><td>641</td><td>-</td><td>641</td><td>133</td><td>5,732</td><td>-</td><td>62</td><td>3,786</td><td>477</td><td>1,403</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>-</td><td>92</td><td>113</td><td>145</td><td>4</td><td>-</td><td>-</td><td>87</td><td>129</td><td>28</td><td>-</td></tr><tr><td>Denmark</td><td>241</td><td>-</td><td>-</td><td>-</td><td>113</td><td>-</td><td>-</td><td>244</td><td>-</td><td>-</td><td>392</td><td>-</td><td>-</td></tr><tr><td>Finland</td><td>113</td><td>-</td><td>-</td><td>-</td><td>113</td><td>-</td><td>-</td><td>392</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>9,966</td><td>306</td><td>133</td><td>8,639</td><td>55</td><td>833</td><td>11,488</td><td>117</td><td>363</td><td>8,736</td><td>69</td><td>2,213</td></tr><tr><td>Germany, Federal Republic of</td><td>6,305</td><td>17</td><td>32</td><td>4,535</td><td>997</td><td>724</td><td>6,631</td><td>14</td><td>41</td><td>4,376</td><td>325</td><td>1,875</td></tr><tr><td>Greece</td><td>158</td><td>-</td><td>5</td><td>150</td><td>-</td><td>3</td><td>341</td><td>-</td><td>-</td><td>24</td><td>3</td><td>96</td></tr><tr><td>Italy</td><td>2,268</td><td>28</td><td>53</td><td>1,375</td><td>340</td><td>472</td><td>2,447</td><td>-</td><td>2</td><td>1,714</td><td>136</td><td>595</td></tr><tr><td>Netherlands</td><td>14,463</td><td>100</td><td>618</td><td>11,884</td><td>182</td><td>1,679</td><td>12,013</td><td>107</td><td>417</td><td>6,332</td><td>331</td><td>4,826</td></tr><tr><td>Norway</td><td>2,629</td><td>737</td><td>48</td><td>795</td><td>1,018</td><td>31</td><td>1,084</td><td>18</td><td>59</td><td>652</td><td>235</td><td>120</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>476</td><td>34</td><td>40</td></tr><tr><td>Portugal</td><td>1,579</td><td>-</td><td>4</td><td>1,552</td><td>6</td><td>17</td><td>550</td><td>-</td><td>-</td><td>693</td><td>11</td><td>842</td></tr><tr><td>Rumania</td><td>-</td><td>-</td><td>40</td><td>485</td><td>41</td><td>-</td><td>1,552</td><td>4</td><td>2</td><td>11</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>566</td><td>-</td><td>-</td><td>40</td><td>485</td><td>41</td><td>-</td><td>1,552</td><td>4</td><td>2</td><td>693</td><td>11</td><td>842</td></tr><tr><td>Sweden</td><td>20,853</td><td>20,188</td><td>477</td><td>106</td><td>80</td><td>2</td><td>1,016</td><td>3</td><td>541</td><td>238</td><td>191</td><td>43</td></tr><tr><td>Switzerland</td><td>90,687</td><td>1,469</td><td>3,048</td><td>79,853</td><td>3,737</td><td>2,580</td><td>100,077</td><td>1,585</td><td>2,527</td><td>87,620</td><td>4,318</td><td>4,027</td></tr><tr><td>Turkey</td><td>24</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>173</td><td>-</td><td>11</td><td>42</td><td>120</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>80,105</td><td>30,301</td><td>489</td><td>43,717</td><td>2,533</td><td>3,065</td><td>65,030</td><td>17,698</td><td>803</td><td>39,267</td><td>2,711</td><td>4,551</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>2,346</td><td>293</td><td>155</td><td>1,801</td><td>29</td><td>68</td><td>2,068</td><td>163</td><td>12</td><td>1,803</td><td>46</td><td>44</td></tr><tr><td>Total Europe</td><td>235,374</td><td>53,448</td><td>5,268</td><td>157,143</td><td>9,904</td><td>9,611</td><td>210,962</td><td>19,709</td><td>4,927</td><td>156,595</td><td>9,049</td><td>20,682</td></tr><tr><td>Canada</td><td>231,755</td><td>150,016</td><td>13,373</td><td>28,316</td><td>11,616</td><td>28,434</td><td>253,376</td><td>152,389</td><td>23,786</td><td>31,842</td><td>9,767</td><td>35,592</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>885</td><td>-</td><td>22</td><td>809</td><td>10</td><td>44</td><td>1,167</td><td>-</td><td>35</td><td>930</td><td>159</td><td>43</td></tr><tr><td>Bolivia</td><td>157</td><td>-</td><td>-</td><td>157</td><td>-</td><td>-</td><td>186</td><td>-</td><td>-</td><td>151</td><td>30</td><td>5</td></tr><tr><td>Brazil</td><td>1,659</td><td>-</td><td>-</td><td>1,071</td><td>561</td><td>27</td><td>2,004</td><td>-</td><td>41</td><td>1,737</td><td>23</td><td>203</td></tr><tr><td>Chile</td><td>875</td><td>11</td><td>2</td><td>637</td><td>188</td><td>37</td><td>620</td><td>2</td><td>-</td><td>596</td><td>2</td><td>20</td></tr><tr><td>Colombia</td><td>407</td><td>-</td><td>6</td><td>292</td><td>99</td><td>10</td><td>302</td><td>-</td><td>4</td><td>241</td><td>13</td><td>44</td></tr><tr><td>Cuba</td><td>46</td><td>-</td><td>-</td><td>46</td><td>-</td><td>-</td><td>21</td><td>-</td><td>3</td><td>18</td><td>-</td><td>-</td></tr><tr><td>Dominican Republic</td><td>288</td><td>-</td><td>4</td><td>141</td><td>-</td><td>143</td><td>262</td><td>-</td><td>-</td><td>160</td><td>-</td><td>102</td></tr><tr><td>Guatemala</td><td>285</td><td>-</td><td>-</td><td>273</td><td>-</td><td>12</td><td>39</td><td>-</td><td>-</td><td>38</td><td>-</td><td>1</td></tr><tr><td>Mexico</td><td>5,684</td><td>10</td><td>838</td><td>4,439</td><td>171</td><td>226</td><td>3,360</td><td>40</td><td>703</td><td>2,505</td><td>13</td><td>99</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>3,834</td><td>258</td><td>173</td><td>2,817</td><td>102</td><td>484</td><td>4,800</td><td>674</td><td>674</td><td>2,725</td><td>216</td><td>511</td></tr><tr><td>Panama, Republic of</td><td>3,541</td><td>-</td><td>201</td><td>3,256</td><td>-</td><td>84</td><td>3,225</td><td>4</td><td>237</td><td>2,667</td><td>203</td><td>114</td></tr><tr><td>Peru</td><td>907</td><td>-</td><td>-</td><td>808</td><td>17</td><td>82</td><td>1,059</td><td>6</td><td>-</td><td>1,009</td><td>-</td><td>44</td></tr><tr><td>El Salvador</td><td>7</td><td>-</td><td>6</td><td>7</td><td>37</td><td>80</td><td>10</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>3,807</td><td>-</td><td>6</td><td>3,684</td><td>37</td><td>80</td><td>4,879</td><td>360</td><td>49</td><td>4,063</td><td>192</td><td>215</td></tr><tr><td>Venezuela</td><td>2,734</td><td>149</td><td>12</td><td>2,373</td><td>161</td><td>39</td><td>1,885</td><td>25</td><td>89</td><td>1,718</td><td>44</td><td>9</td></tr><tr><td>Other Latin America</td><td>25,453</td><td>21,612</td><td>67</td><td>2,959</td><td>457</td><td>358</td><td>3,525</td><td>564</td><td>39</td><td>2,379</td><td>307</td><td>236</td></tr><tr><td>Total Latin America</td><td>50,569</td><td>22,040</td><td>1,331</td><td>23,769</td><td>1,803</td><td>1,626</td><td>27,344</td><td>1,675</td><td>1,874</td><td>20,947</td><td>1,202</td><td>1,646</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>44</td><td>-</td><td>44</td><td>12,906</td><td>88</td><td>119</td><td>11,228</td><td>-</td><td>5</td><td>11,067</td><td>116</td><td>40</td></tr><tr><td>Hong Kong</td><td>13,134</td><td>-</td><td>21</td><td>54</td><td>-</td><td>-</td><td>3,028</td><td>3,000</td><td>-</td><td>28</td><td>-</td><td>-</td></tr><tr><td>India</td><td>59</td><td>-</td><td>5</td><td>32</td><td>1</td><td>1</td><td>10</td><td>2</td><td>-</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>35</td><td>-</td><td>3</td><td>32</td><td>-</td><td>-</td><td>27</td><td>-</td><td>-</td><td>23</td><td>-</td><td>2</td></tr><tr><td>Iran</td><td>34</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>Israel</td><td>142</td><td>17</td><td>10</td><td>111</td><td>14</td><td>-</td><td>2,515</td><td>26</td><td>5</td><td>152</td><td>2,330</td><td>2</td></tr><tr><td>Japan</td><td>278</td><td>10</td><td>10</td><td>89</td><td>8</td><td>161</td><td>658</td><td>-</td><td>13</td><td>79</td><td>560</td><td>6</td></tr><tr><td>Korea, Republic of</td><td>-</td><td>-</td><td>-</td><td>46</td><td>2</td><td>38</td><td>5</td><td>-</td><td>3</td><td>67</td><td>5</td><td>2</td></tr><tr><td>Philippines</td><td>96</td><td>-</td><td>10</td><td>20</td><td>-</td><td>-</td><td>76</td><td>-</td><td>-</td><td>76</td><td>-</td><td>-</td></tr><tr><td>Taiwan</td><td>20</td><td>-</td><td>-</td><td>20</td><td>-</td><td>-</td><td>64</td><td>-</td><td>-</td><td>64</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>64</td><td>3</td><td>6</td><td>64</td><td>-</td><td>26</td><td>1,111</td><td>-</td><td>2</td><td>1,105</td><td>-</td><td>4</td></tr><tr><td>Other Asia</td><td>1,148</td><td>-</td><td>-</td><td>1,113</td><td>-</td><td>26</td><td>1,111</td><td>-</td><td>-</td><td>1,105</td><td>-</td><td>4</td></tr><tr><td>Total Asia</td><td>15,054</td><td>30</td><td>55</td><td>14,511</td><td>113</td><td>345</td><td>18,815</td><td>3,028</td><td>28</td><td>12,692</td><td>3,011</td><td>16</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>1,569</td><td>-</td><td>2</td><td>1,39</td><td>1,042</td><td>386</td><td>1,081</td><td>-</td><td>14</td><td>101</td><td>-</td><td>966</td></tr><tr><td>Congo, Republic of the 1/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R. 2/</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>61</td><td>142</td><td>-</td><td>-</td><td>25</td><td>-</td><td>117</td></tr><tr><td>Union of South Africa</td><td>127</td><td>-</td><td>10</td><td>23</td><td>43</td><td>6</td><td>1,215</td><td>1</td><td>-</td><td>1,214</td><td>-</td><td>-</td></tr><tr><td>All other</td><td>1,264</td><td>-</td><td>10</td><td>1,194</td><td>54</td><td>6</td><td>1,215</td><td>1</td><td>-</td><td>1,214</td><td>-</td><td>-</td></tr><tr><td>Total other countries</td><td>2,963</td><td>-</td><td>12</td><td>1,356</td><td>1,139</td><td>456</td><td>2,438</td><td>1</td><td>14</td><td>1,340</td><td>-</td><td>1,083</td></tr><tr><td>International</td><td>128,959</td><td>114,900</td><td>899</td><td>311</td><td>12,849</td><td>-</td><td>7,160</td><td>100</td><td>134</td><td>-</td><td>6,926</td><td>-</td></tr><tr><td>Grand total</td><td>664,674</td><td>340,434</td><td>20,938</td><td>225,406</td><td>37,424</td><td>40,472</td><td>520,095</td><td>176,902</td><td>30,763</td><td>223,416</td><td>29,255</td><td>59,052</td></tr></table>
1/ Formerly Belgian Congo.
2/ Data on purchases and sales by the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
80
Treasury Bulletin
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="4">Liabilities to foreigners</th><th colspan="2">Revised series 2/</th></tr><tr><th>March</th><th>June</th><th>September</th><th>December</th><th>1960 December</th><th>1961 March p</th></tr><tr><td colspan="7">Europe:</td></tr><tr><td>Austria</td><td>3,261</td><td>1,710</td><td>1,746</td><td>1,358</td><td>1,560</td><td>2,126</td></tr><tr><td>Belgium</td><td>20,616</td><td>15,735</td><td>18,126</td><td>17,779</td><td>17,845</td><td>28,534</td></tr><tr><td>Czechoslovakia</td><td>204</td><td>211</td><td>201</td><td>200</td><td>200</td><td>203</td></tr><tr><td>Denmark</td><td>1,680</td><td>1,848</td><td>1,882</td><td>1,272</td><td>1,288</td><td>1,849</td></tr><tr><td>Finland</td><td>748</td><td>596</td><td>745</td><td>550</td><td>554</td><td>578</td></tr><tr><td>France</td><td>43,428</td><td>37,152</td><td>20,090</td><td>28,750</td><td>28,769</td><td>32,791</td></tr><tr><td>Germany, Federal Republic of</td><td>55,645</td><td>48,193</td><td>46,296</td><td>40,929</td><td>40,976</td><td>48,319</td></tr><tr><td>Greece</td><td>1,225</td><td>1,130</td><td>1,369</td><td>1,418</td><td>1,425</td><td>1,416</td></tr><tr><td>Italy</td><td>13,813</td><td>13,142</td><td>14,700r</td><td>15,697</td><td>16,250</td><td>19,751</td></tr><tr><td>Netherlands</td><td>38,789</td><td>44,266</td><td>55,884</td><td>47,917</td><td>48,044</td><td>62,300</td></tr><tr><td>Norway</td><td>9,289</td><td>6,695</td><td>6,565</td><td>5,065</td><td>5,076</td><td>5,687</td></tr><tr><td>Poland</td><td>222</td><td>10</td><td>10</td><td>79</td><td>79</td><td>11</td></tr><tr><td>Portugal</td><td>477</td><td>372</td><td>629</td><td>705</td><td>707</td><td>955</td></tr><tr><td>Romania</td><td>189</td><td>152</td><td>163</td><td>119</td><td>119</td><td>131</td></tr><tr><td>Spain</td><td>7,334</td><td>9,243</td><td>9,048</td><td>9,577</td><td>9,629</td><td>8,611</td></tr><tr><td>Sweden</td><td>20,466</td><td>14,375</td><td>8,122</td><td>5,542</td><td>5,566</td><td>5,419</td></tr><tr><td>Switzerland</td><td>42,042</td><td>28,612</td><td>29,929</td><td>26,206</td><td>26,652</td><td>25,337</td></tr><tr><td>Turkey</td><td>2,255</td><td>1,487</td><td>3,037</td><td>3,082</td><td>3,176</td><td>3,408</td></tr><tr><td>U.S.S.R.</td><td>307</td><td>851</td><td>565</td><td>154</td><td>154</td><td>187</td></tr><tr><td>United Kingdom</td><td>109,122</td><td>88,831r</td><td>79,762r</td><td>63,071</td><td>67,163</td><td>79,715</td></tr><tr><td>Yugoslavia</td><td>872</td><td>1,017</td><td>1,093</td><td>1,085</td><td>1,093</td><td>636</td></tr><tr><td>Other Europe</td><td>3,896</td><td>4,397</td><td>4,162</td><td>3,021</td><td>3,026</td><td>1,753</td></tr><tr><td>Total Europe</td><td>375,880</td><td>320,025r</td><td>304,124r</td><td>273,576</td><td>279,351</td><td>329,717</td></tr><tr><td>Canada</td><td>53,919</td><td>58,077r</td><td>58,394r</td><td>53,498</td><td>56,872</td><td>36,528</td></tr><tr><td colspan="7">Latin America:</td></tr><tr><td>Argentina</td><td>5,310</td><td>9,345</td><td>6,738</td><td>6,632</td><td>6,665</td><td>7,223</td></tr><tr><td>Bolivia</td><td>3,461</td><td>1,964</td><td>2,078</td><td>1,475</td><td>1,480</td><td>1,440</td></tr><tr><td>Brazil</td><td>15,347</td><td>16,713</td><td>15,122</td><td>16,476</td><td>16,556</td><td>19,345</td></tr><tr><td>Chile</td><td>4,988</td><td>4,715</td><td>4,747</td><td>3,322</td><td>3,354</td><td>3,649</td></tr><tr><td>Colombia</td><td>2,737</td><td>3,102</td><td>3,432</td><td>4,196</td><td>4,301</td><td>5,145</td></tr><tr><td>Cuba</td><td>8,805</td><td>3,569</td><td>2,922</td><td>2,353</td><td>2,356</td><td>2,064</td></tr><tr><td>Dominican Republic</td><td>891</td><td>888</td><td>872</td><td>1,180</td><td>1,181</td><td>829</td></tr><tr><td>Guatemala</td><td>169</td><td>184</td><td>159r</td><td>252</td><td>322</td><td>207</td></tr><tr><td>Mexico</td><td>4,540</td><td>4,928r</td><td>6,847r</td><td>5,590</td><td>6,553</td><td>5,995</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>6,228</td><td>4,847</td><td>4,810</td><td>6,653</td><td>6,654</td><td>4,101</td></tr><tr><td>Panama, Republic of</td><td>2,562</td><td>2,397r</td><td>5,753r</td><td>2,322</td><td>2,327</td><td>2,756</td></tr><tr><td>Peru</td><td>2,294</td><td>2,604r</td><td>4,313r</td><td>4,227</td><td>4,262</td><td>5,350</td></tr><tr><td>El Salvador</td><td>145</td><td>88</td><td>162</td><td>163</td><td>176</td><td>222</td></tr><tr><td>Uruguay</td><td>3,636</td><td>2,651</td><td>3,976</td><td>946</td><td>959</td><td>1,617</td></tr><tr><td>Venezuela</td><td>19,628</td><td>18,730</td><td>19,984r</td><td>21,050</td><td>22,406</td><td>21,609</td></tr><tr><td>Other Latin America</td><td>4,875</td><td>3,627</td><td>4,430</td><td>4,091</td><td>4,170</td><td>7,919</td></tr><tr><td>Total Latin America</td><td>85,616</td><td>80,352r</td><td>86,345r</td><td>80,928</td><td>83,722</td><td>89,471</td></tr><tr><td colspan="7">Asia:</td></tr><tr><td>China Mainland</td><td>1,039</td><td>924</td><td>958</td><td>959</td><td>959</td><td>967</td></tr><tr><td>Hong Kong</td><td>2,601</td><td>2,243</td><td>2,731</td><td>2,607</td><td>2,608</td><td>2,530</td></tr><tr><td>India</td><td>2,917</td><td>4,008</td><td>4,400</td><td>6,024</td><td>6,668</td><td>6,169</td></tr><tr><td>Indonesia</td><td>2,853</td><td>3,655</td><td>3,822</td><td>3,009</td><td>3,149</td><td>10,881</td></tr><tr><td>Iran</td><td>2,863</td><td>4,053</td><td>4,890</td><td>5,610</td><td>7,390</td><td>6,288</td></tr><tr><td>Israel</td><td>1,411</td><td>1,089</td><td>3,226</td><td>4,742</td><td>4,771</td><td>4,375</td></tr><tr><td>Japan</td><td>23,152</td><td>19,234r</td><td>18,221r</td><td>27,499</td><td>29,721</td><td>58,181</td></tr><tr><td>Korea, Republic of</td><td>160</td><td>209</td><td>242</td><td>254</td><td>261</td><td>218</td></tr><tr><td>Philippines</td><td>6,788</td><td>6,747</td><td>7,534</td><td>5,400</td><td>5,427</td><td>6,824</td></tr><tr><td>Taiwan</td><td>1,251</td><td>1,791</td><td>2,163</td><td>3,092</td><td>3,109</td><td>2,186</td></tr><tr><td>Thailand</td><td>3,788</td><td>2,547</td><td>2,723</td><td>3,106</td><td>3,141</td><td>3,031</td></tr><tr><td>Other Asia</td><td>4,235</td><td>4,193</td><td>4,283</td><td>5,373</td><td>8,041</td><td>7,449</td></tr><tr><td>Total Asia</td><td>53,058</td><td>50,693r</td><td>55,193r</td><td>67,675</td><td>75,245</td><td>109,099</td></tr><tr><td colspan="7">Other countries:</td></tr><tr><td>Australia</td><td>6,130</td><td>7,925</td><td>11,637</td><td>13,633</td><td>13,636</td><td>14,726</td></tr><tr><td>Congo, Republic of the</td><td>200</td><td>984</td><td>1,137</td><td>1,444</td><td>1,543</td><td>1,338</td></tr><tr><td>Egyptian Region - U.A.R.</td><td>1,112</td><td>1,384</td><td>1,453</td><td>1,536</td><td>1,559</td><td>1,546</td></tr><tr><td>Union of South Africa</td><td>6,434</td><td>6,178</td><td>970</td><td>963</td><td>983</td><td>2,251</td></tr><tr><td>All other</td><td>5,588</td><td>5,423</td><td>5,385</td><td>5,190</td><td>6,815</td><td>9,963</td></tr><tr><td>Total other countries</td><td>19,464</td><td>21,894</td><td>20,582</td><td>22,766</td><td>24,536</td><td>29,824</td></tr><tr><td>International</td><td>48</td><td>45</td><td>33</td><td>25</td><td>25</td><td>31</td></tr><tr><td>Grand total</td><td>587,985</td><td>531,086r</td><td>524,671r</td><td>498,468</td><td>519,751</td><td>594,670</td></tr></table>
As reported by exporters, importers, industrial and commercial firms, and other nonfinancial 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/ Includes data from a number of firms reporting for the first time under a continuing program instituted at the end of 1960 to enlarge the coverage and to improve reporting by nonfinancial concerns. Revisions will be made in the series as necessary over a period of
October 1961
81
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonfinancial Concerns 1/-(Con.)
(Position at end of period in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th colspan="4">Claims on foreigners</th><th colspan="2">Revised series 2/</th></tr><tr><th>March</th><th>June</th><th>September</th><th>December</th><th>1960 December</th><th>1961 March p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>3,788</td><td>4,877</td><td>6,173</td><td>6,562</td><td>7,556</td><td>4,787</td></tr><tr><td>Belgium</td><td>8,753</td><td>11,153r</td><td>9,542r</td><td>11,990</td><td>12,382</td><td>10,836</td></tr><tr><td>Czecholovakia</td><td>783</td><td>853</td><td>786</td><td>787</td><td>807</td><td>965</td></tr><tr><td>Denmark</td><td>4,357</td><td>5,505r</td><td>8,384r</td><td>11,761</td><td>11,830</td><td>11,773</td></tr><tr><td>Finland</td><td>1,500</td><td>1,314</td><td>1,668</td><td>1,502</td><td>1,576</td><td>1,653</td></tr><tr><td>France</td><td>28,333</td><td>32,964r</td><td>36,263r</td><td>38,041</td><td>39,488</td><td>44,982</td></tr><tr><td>Germany, Federal Republic of</td><td>25,472</td><td>27,859r</td><td>25,544r</td><td>33,836</td><td>38,594</td><td>37,712</td></tr><tr><td>Greece</td><td>2,511</td><td>2,392</td><td>2,649</td><td>2,001</td><td>2,042</td><td>2,328</td></tr><tr><td>Italy</td><td>26,285</td><td>25,653r</td><td>29,322r</td><td>34,468</td><td>38,215</td><td>41,168</td></tr><tr><td>Netherlands</td><td>15,371</td><td>15,768r</td><td>13,584r</td><td>17,100</td><td>18,446</td><td>16,657</td></tr><tr><td>Norway</td><td>4,361</td><td>6,212r</td><td>6,290</td><td>6,342</td><td>6,395</td><td>6,523</td></tr><tr><td>Poland</td><td>600</td><td>202</td><td>313</td><td>235</td><td>277</td><td>129</td></tr><tr><td>Portugal</td><td>2,981</td><td>3,939</td><td>2,899</td><td>3,227</td><td>3,278</td><td>3,738</td></tr><tr><td>Romania</td><td>7</td><td>6</td><td>-</td><td>6</td><td>6</td><td>23</td></tr><tr><td>Spain</td><td>11,574</td><td>10,911</td><td>9,806</td><td>10,518</td><td>10,724</td><td>7,151</td></tr><tr><td>Sweden</td><td>23,055</td><td>26,521r</td><td>26,999r</td><td>26,244</td><td>26,396</td><td>25,660</td></tr><tr><td>Switzerland</td><td>19,222</td><td>20,491</td><td>19,495</td><td>17,310</td><td>17,800</td><td>22,586</td></tr><tr><td>Turkey</td><td>9,029</td><td>9,144</td><td>7,285</td><td>6,944</td><td>7,076</td><td>4,878</td></tr><tr><td>U.S.S.R.</td><td>179</td><td>177</td><td>832</td><td>392</td><td>392</td><td>992</td></tr><tr><td>United Kingdom</td><td>72,894</td><td>148,027r</td><td>162,746r</td><td>639,674</td><td>643,005</td><td>256,780</td></tr><tr><td>Yugoslavia</td><td>489</td><td>1,357</td><td>1,225</td><td>1,319</td><td>1,343</td><td>2,165</td></tr><tr><td>Other Europe</td><td>2,970</td><td>1,971r</td><td>2,631r</td><td>2,894</td><td>3,216</td><td>3,004</td></tr><tr><td>Total Europe</td><td>264,514</td><td>357,296r</td><td>374,436r</td><td>873,153</td><td>890,844</td><td>506,490</td></tr><tr><td>Canada</td><td>89,193</td><td>124,578r</td><td>174,098r</td><td>177,499</td><td>204,653</td><td>333,697</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>14,419</td><td>11,956</td><td>18,805</td><td>19,543</td><td>20,342</td><td>24,951</td></tr><tr><td>Bolivia</td><td>3,511</td><td>3,054</td><td>2,040</td><td>3,336</td><td>3,423</td><td>2,633</td></tr><tr><td>Brazil</td><td>54,569</td><td>64,888</td><td>69,241</td><td>76,309</td><td>77,822</td><td>60,443</td></tr><tr><td>Chile</td><td>8,669</td><td>8,823</td><td>9,186r</td><td>11,310</td><td>11,562</td><td>13,911</td></tr><tr><td>Colombia</td><td>9,451</td><td>10,644r</td><td>11,270r</td><td>11,373</td><td>11,577</td><td>12,873</td></tr><tr><td>Cuba</td><td>26,329</td><td>20,168r</td><td>17,871r</td><td>7,765</td><td>7,889</td><td>6,220</td></tr><tr><td>Dominican Republic</td><td>2,337</td><td>2,456r</td><td>2,016r</td><td>2,512</td><td>2,863</td><td>2,868</td></tr><tr><td>Guatemala</td><td>3,474</td><td>3,874r</td><td>3,956r</td><td>3,869</td><td>3,998</td><td>3,814</td></tr><tr><td>Mexico</td><td>30,419</td><td>30,349r</td><td>30,731r</td><td>35,661</td><td>38,923</td><td>45,205</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>1,039</td><td>1,596</td><td>1,334</td><td>1,603</td><td>1,607</td><td>2,013</td></tr><tr><td>Panama, Republic of</td><td>5,497</td><td>12,061r</td><td>4,394r</td><td>7,262</td><td>7,305</td><td>8,556</td></tr><tr><td>Peru</td><td>6,033</td><td>8,038r</td><td>13,171r</td><td>8,408</td><td>8,563</td><td>8,595</td></tr><tr><td>El Salvador</td><td>1,477</td><td>1,982r</td><td>2,145r</td><td>2,039</td><td>2,073</td><td>2,156</td></tr><tr><td>Uruguay</td><td>3,470</td><td>4,506</td><td>4,010</td><td>4,120</td><td>4,193</td><td>5,978</td></tr><tr><td>Venezuela</td><td>32,020</td><td>31,539r</td><td>29,640r</td><td>33,578</td><td>34,465</td><td>37,111</td></tr><tr><td>Other Latin America</td><td>17,527</td><td>19,128r</td><td>19,474r</td><td>19,734</td><td>20,187</td><td>21,687</td></tr><tr><td>Total Latin America</td><td>220,241</td><td>235,062r</td><td>239,284r</td><td>248,422</td><td>256,792</td><td>259,014</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>97</td><td>108</td><td>88</td><td>65</td><td>65</td><td>74</td></tr><tr><td>Hong Kong</td><td>1,724</td><td>1,502</td><td>1,420</td><td>2,256</td><td>2,310</td><td>2,725</td></tr><tr><td>India</td><td>7,453</td><td>7,071r</td><td>10,555</td><td>12,385</td><td>15,417</td><td>10,401</td></tr><tr><td>Indonesia</td><td>1,797</td><td>1,314</td><td>1,285</td><td>1,383</td><td>1,423</td><td>4,127</td></tr><tr><td>Iran</td><td>7,758</td><td>7,542r</td><td>7,480r</td><td>8,371</td><td>8,482</td><td>9,050</td></tr><tr><td>Israel</td><td>10,757</td><td>9,501r</td><td>8,742</td><td>11,285</td><td>11,347</td><td>7,475</td></tr><tr><td>Japan</td><td>41,140</td><td>39,127r</td><td>35,322r</td><td>51,433</td><td>60,076</td><td>56,524</td></tr><tr><td>Korea, Republic of</td><td>1,140</td><td>1,288</td><td>1,140</td><td>989</td><td>997</td><td>592</td></tr><tr><td>Philippines</td><td>7,919</td><td>7,219r</td><td>8,558r</td><td>7,235</td><td>8,502</td><td>8,373</td></tr><tr><td>Taiwan</td><td>2,079</td><td>2,184</td><td>2,654</td><td>3,321</td><td>3,406</td><td>4,116</td></tr><tr><td>Thailand</td><td>3,285</td><td>4,289</td><td>3,833r</td><td>3,541</td><td>3,550</td><td>3,125</td></tr><tr><td>Other Asia</td><td>14,554</td><td>18,286r</td><td>17,122</td><td>16,725</td><td>20,209</td><td>17,144</td></tr><tr><td>Total Asia</td><td>99,703</td><td>99,431r</td><td>98,199r</td><td>118,991</td><td>135,784</td><td>123,726</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>15,454</td><td>15,830r</td><td>19,434r</td><td>20,890</td><td>21,614</td><td>19,407</td></tr><tr><td>Congo, Republic of the 2/</td><td>1,387</td><td>1,055</td><td>1,189</td><td>2,647</td><td>2,650</td><td>1,903</td></tr><tr><td>Egyptian Region - U.A.R.</td><td>5,087</td><td>5,572</td><td>5,183</td><td>6,375</td><td>6,666</td><td>7,133</td></tr><tr><td>Union of South Africa</td><td>8,466</td><td>8,342r</td><td>8,104r</td><td>6,370</td><td>6,618</td><td>8,890</td></tr><tr><td>All other</td><td>10,521</td><td>10,681r</td><td>10,485r</td><td>12,527</td><td>14,642</td><td>13,492</td></tr><tr><td>Total other countries</td><td>40,915</td><td>41,480r</td><td>44,395r</td><td>48,809</td><td>52,190</td><td>50,825</td></tr><tr><td>International</td><td>450</td><td>288</td><td>240</td><td>372</td><td>372</td><td>626</td></tr><tr><td>Grand total</td><td>715,016</td><td>858,135r</td><td>930,652r</td><td>1,467,246</td><td>1,540,635</td><td>1,274,378</td></tr></table>
Several quarters. Data for December 1960 shown in the preceding column exclude the additional coverage and are comparable to those shown for previous quarters. Future issues will show data for each current quarter both excluding and including information from those firms
reporting for the first time so that quarterly movements can be computed based on comparable coverage. Preliminary. Revised.
82
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
November 1960 through October 1961
<table><tr><th></th><th colspan="3">1960</th><th colspan="10">1961</th></tr><tr><th></th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Reporting bases</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td></tr><tr><td>Articles:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasur. financing operations</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal sources</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Detail of miscellaneous receipts by major categories</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Expenditures by agencies</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Interfund transactions excluded from both net budget receipts and budget expenditures</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td></tr><tr><td>Summary of appropriations and authorizations, expenditures, and balances, by agencies</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>Expenditures and balances by functions</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td></tr><tr><td>Trust account and other transactions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of trust account and other transactions</td><td>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 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></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></tr><tr><td>Net investment by Government agencies in public debt securities</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>Net redemption or sale of obligations of Government agencies in the market</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td><td>12</td></tr><tr><td>Intertrust fund transactions excluded from both net trust account receipts and net trust account expenditures</td><td></td><td></td><td></td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>13</td><td></td><td>13</td><td>13</td><td></td><td>14</td><td>14</td><td></td><td>14</td><td>14</td><td></td><td></td></tr><tr><td>Federal Disability Insurance Trust Fund</td><td>14</td><td></td><td>14</td><td>14</td><td></td><td>15</td><td>15</td><td></td><td>15</td><td>15</td><td></td><td></td></tr><tr><td>Railroad Retirement Account</td><td>14</td><td></td><td>14</td><td>14</td><td></td><td>15</td><td>15</td><td></td><td>16</td><td>16</td><td></td><td></td></tr><tr><td>Unemployment Trust Fund</td><td>15</td><td></td><td>15</td><td>15</td><td></td><td>16</td><td>16</td><td></td><td>17</td><td>17</td><td></td><td></td></tr><tr><td>National Service Life Insurance Fund</td><td>16</td><td></td><td>16</td><td>16</td><td></td><td>17</td><td>17</td><td></td><td>18</td><td>18</td><td></td><td></td></tr><tr><td>Investments of specified trust accounts in public debt securities, by issues (latest date June 30, 1961)</td><td>17</td><td></td><td>17</td><td></td><td></td><td>17</td><td></td><td></td><td></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></tr><tr><td>Summary of Federal Government cash transactions with the public</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>15</td><td>20</td><td>15</td><td>15</td></tr><tr><td>Summary of cash transactions through Treasurer's account, reconciliation</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>15</td><td>20</td><td>15</td><td>15</td></tr><tr><td>Derivation of Federal receipts from the public, and reconciliation to cash deposits in Treasurer's account</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>16</td><td>21</td><td>16</td><td>16</td></tr><tr><td>Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's account</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>16</td><td>21</td><td>16</td><td>16</td></tr><tr><td>Intragovernmental transactions</td><td>21</td><td>16</td><td>16</td><td>21</td><td>16</td><td>16</td><td>21</td><td>16</td><td>17</td><td>22</td><td>17</td><td>17</td></tr><tr><td>Accrued interest and other noncash expenditures</td><td>21</td><td>16</td><td>16</td><td>21</td><td>16</td><td>16</td><td>21</td><td>16</td><td>17</td><td>22</td><td>17</td><td>17</td></tr><tr><td>Derivation of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account</td><td>22</td><td>17</td><td>17</td><td>22</td><td>17</td><td>17</td><td>22</td><td>17</td><td>18</td><td>23</td><td>18</td><td>18</td></tr><tr><td>Account of the Treasurer of the United States:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Status of the account of the Treasurer of the United States</td><td>24</td><td>19</td><td>19</td><td>24</td><td>19</td><td>19</td><td>24</td><td>19</td><td>20</td><td>25</td><td>20</td><td>20</td></tr><tr><td>Analysis of changes in tax and loan account balances</td><td>25</td><td>20</td><td>20</td><td>25</td><td>20</td><td>20</td><td>25</td><td>20</td><td>21</td><td>26</td><td>21</td><td>21</td></tr><tr><td>Debt outstanding:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of Federal securities</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>22</td><td>27</td><td>22</td><td>22</td></tr><tr><td>Computed interest charge and rate on Federal securities</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>22</td><td>27</td><td>22</td><td>22</td></tr><tr><td>Interest-bearing public debt</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>23</td><td>28</td><td>23</td><td>23</td></tr><tr><td>Average length and maturity distribution of marketable interest-bearing public debt</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>23</td><td>28</td><td>23</td><td>23</td></tr><tr><td>Special public debt issues to U. S. Government investment accounts</td><td>28</td><td>23</td><td>23</td><td>28</td><td>23</td><td>23</td><td>28</td><td>23</td><td>24</td><td>29</td><td>24</td><td>24</td></tr><tr><td>Treasury holdings of securities issued by Government agencies</td><td>29</td><td>24</td><td>24</td><td>29</td><td>24</td><td>24</td><td>29</td><td>24</td><td>25</td><td>30</td><td>25</td><td>25</td></tr><tr><td>Interest-bearing securities issued by Federal agencies but not guaranteed by the U. S. Government</td><td>30</td><td>25</td><td>25</td><td>30</td><td>25</td><td>25</td><td>30</td><td>25</td><td>26</td><td>32</td><td>26</td><td>26</td></tr><tr><td>Statutory debt limitation</td><td>31</td><td>26</td><td>26</td><td>31</td><td>26</td><td>26</td><td>31</td><td>26</td><td>27</td><td>32</td><td>27</td><td>27</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></tr><tr><td>Maturity schedule of interest-bearing public marketable securities other than regular weekly Treasury bills</td><td>32</td><td>27</td><td>27</td><td>32</td><td>27</td><td>27</td><td>32</td><td>27</td><td>28</td><td>33</td><td>28</td><td>28</td></tr><tr><td>Offerings of Treasury bills</td><td>34</td><td>29</td><td>29</td><td>34</td><td>29</td><td>29</td><td>34</td><td>29</td><td>30</td><td>35</td><td>30</td><td>30</td></tr><tr><td>New money financing through regular weekly Treasury bills</td><td>36</td><td>31</td><td>31</td><td>36</td><td>31</td><td>31</td><td>36</td><td>31</td><td>32</td><td>37</td><td>32</td><td>32</td></tr><tr><td>Offerings of public marketable securities other than regular weekly Treasury bills</td><td>38</td><td>33</td><td>33</td><td>38</td><td>33</td><td>33</td><td>38</td><td>33</td><td>34</td><td>39</td><td>34</td><td>34</td></tr><tr><td>Allocments by investor classes on subscriptions for public marketable securities other than regular weekly Treasury bills</td><td>42</td><td>38</td><td>38</td><td>43</td><td>38</td><td>38</td><td>43</td><td>38</td><td>39</td><td>44</td><td>39</td><td>39</td></tr><tr><td>Disposition of matured public marketable securities other than regular weekly Treasury bills</td><td>45</td><td>41</td><td>41</td><td>46</td><td>41</td><td>41</td><td>46</td><td>41</td><td>42</td><td>47</td><td>42</td><td>42</td></tr></table>
(Continued on following page)
October 1961
83
CUMULATIVE TABLE OF CONTENTS
November 1960
through October 1961
(Cont inued)
<table><tr><th></th><th colspan="2">1960</th><th colspan="10">Issue and page number 1961</th></tr><tr><th></th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</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>50</td><td>46</td><td>46</td><td>51</td><td>46</td><td>46</td><td>51</td><td>46</td><td>48</td><td>53</td><td>48</td><td>48</td></tr><tr><td>Sales and redemptions by periods, all series combined.</td><td>50</td><td>46</td><td>46</td><td>51</td><td>46</td><td>46</td><td>51</td><td>46</td><td>48</td><td>53</td><td>48</td><td>48</td></tr><tr><td>Sales and redemptions by periods, Series E through K.</td><td>51</td><td>47</td><td>47</td><td>52</td><td>47</td><td>47</td><td>52</td><td>47</td><td>49</td><td>54</td><td>49</td><td>49</td></tr><tr><td>Redemptions of matured and unmatured bonds.</td><td>53</td><td>49</td><td>49</td><td>54</td><td>49</td><td>49</td><td>54</td><td>49</td><td>51</td><td>56</td><td>51</td><td>51</td></tr><tr><td>Sales and redemptions by denominations, Series E and H combined.</td><td>54</td><td>...</td><td>...</td><td>55</td><td>...</td><td>...</td><td>55</td><td>...</td><td>...</td><td>57</td><td>...</td><td>...</td></tr><tr><td>Sales by States, Series E and H combined.</td><td>...</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>58</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>55</td><td>50</td><td>50</td><td>57</td><td>50</td><td>50</td><td>56</td><td>50</td><td>52</td><td>59</td><td>52</td><td>52</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury.</td><td>55</td><td>50</td><td>50</td><td>57</td><td>50</td><td>50</td><td>56</td><td>50</td><td>52</td><td>59</td><td>52</td><td>52</td></tr><tr><td>Estimated ownership.</td><td>56</td><td>51</td><td>51</td><td>58</td><td>51</td><td>51</td><td>57</td><td>51</td><td>53</td><td>60</td><td>53</td><td>53</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>57</td><td>52</td><td>52</td><td>59</td><td>52</td><td>52</td><td>58</td><td>52</td><td>54</td><td>61</td><td>54</td><td>54</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (latest date June 30, 1961).</td><td>...</td><td>...</td><td>...</td><td>...</td><td>56</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>58</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>61</td><td>56</td><td>56</td><td>63</td><td>60</td><td>56</td><td>62</td><td>56</td><td>58</td><td>65</td><td>62</td><td>58</td></tr><tr><td>Chart - Yields of Treasury securities.</td><td>63</td><td>58</td><td>58</td><td>65</td><td>62</td><td>58</td><td>64</td><td>58</td><td>60</td><td>67</td><td>64</td><td>60</td></tr><tr><td>Average yields of long-term bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by periods.</td><td>64</td><td>59</td><td>59</td><td>66</td><td>63</td><td>59</td><td>65</td><td>59</td><td>61</td><td>68</td><td>65</td><td>61</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds.</td><td>65</td><td>60</td><td>60</td><td>67</td><td>64</td><td>60</td><td>66</td><td>60</td><td>62</td><td>69</td><td>66</td><td>62</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>66</td><td>61</td><td>61</td><td>68</td><td>65</td><td>61</td><td>67</td><td>61</td><td>63</td><td>70</td><td>67</td><td>63</td></tr><tr><td>Chart - Internal revenue collections by principal sources.</td><td>67</td><td>62</td><td>62</td><td>69</td><td>66</td><td>62</td><td>68</td><td>62</td><td>64</td><td>71</td><td>68</td><td>64</td></tr><tr><td>Summary by States, calendar year 1960.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>67</td><td>...</td><td>69</td><td>...</td><td>...</td><td>...</td><td>69</td><td>...</td></tr><tr><td>Detail of excise tax collections.</td><td>...</td><td>63</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>63</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Monetary statistics:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Money in circulation.</td><td>68</td><td>65</td><td>63</td><td>70</td><td>69</td><td>63</td><td>70</td><td>65</td><td>65</td><td>72</td><td>71</td><td>65</td></tr><tr><td>Monetary stocks of gold and silver.</td><td>69</td><td>66</td><td>64</td><td>71</td><td>70</td><td>64</td><td>71</td><td>66</td><td>66</td><td>73</td><td>72</td><td>66</td></tr><tr><td>Cold assets and liabilities of the Treasury.</td><td>69</td><td>66</td><td>64</td><td>71</td><td>70</td><td>64</td><td>71</td><td>66</td><td>66</td><td>73</td><td>72</td><td>66</td></tr><tr><td>Components of silver monetary stock.</td><td>70</td><td>67</td><td>65</td><td>72</td><td>71</td><td>65</td><td>72</td><td>67</td><td>67</td><td>74</td><td>73</td><td>67</td></tr><tr><td>Seigniorage.</td><td>71</td><td>68</td><td>66</td><td>73</td><td>72</td><td>66</td><td>73</td><td>68</td><td>68</td><td>75</td><td>74</td><td>68</td></tr><tr><td>Increment from reduction in weight of gold dollar (latest date June 30, 1961).</td><td>71</td><td>...</td><td>...</td><td>73</td><td>...</td><td>...</td><td>73</td><td>...</td><td>...</td><td>75</td><td>...</td><td>...</td></tr><tr><td>Exchange Stabilization Fund (latest date March 31, 1961):</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>72</td><td>...</td><td>...</td><td>74</td><td>...</td><td>...</td><td>74</td><td>...</td><td>...</td><td>76</td><td>...</td><td>...</td></tr><tr><td>Income and expense.</td><td>73</td><td>...</td><td>...</td><td>75</td><td>...</td><td>...</td><td>75</td><td>...</td><td>...</td><td>77</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>69</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Earnings, expenses, and dividends for calendar years 1956-60.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>69</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>International financial statistics.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>69</td><td>78</td><td>75</td><td>69</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>74</td><td>69</td><td>67</td><td>76</td><td>73</td><td>67</td><td>76</td><td>70</td><td>70</td><td>79</td><td>76</td><td>70</td></tr><tr><td>Summary by countries and periods.</td><td>77</td><td>72</td><td>70</td><td>79</td><td>76</td><td>70</td><td>79</td><td>73</td><td>73</td><td>82</td><td>79</td><td>73</td></tr><tr><td>Short-term banking liabilities to foreigners, latest month.</td><td>81</td><td>76</td><td>74</td><td>83</td><td>80</td><td>74</td><td>83</td><td>77</td><td>77</td><td>86</td><td>83</td><td>77</td></tr><tr><td>Short-term banking claims on foreigners, latest month.</td><td>82</td><td>77</td><td>75</td><td>84</td><td>81</td><td>75</td><td>84</td><td>78</td><td>78</td><td>87</td><td>84</td><td>78</td></tr><tr><td>Purchases and sales of long-term securities by foreigners, latest month.</td><td>83</td><td>78</td><td>76</td><td>85</td><td>82</td><td>76</td><td>85</td><td>79</td><td>79</td><td>88</td><td>85</td><td>79</td></tr><tr><td>Short-term liabilities and claims reported by nonfinancial concerns.</td><td>...</td><td>...</td><td>77</td><td>...</td><td>...</td><td>77</td><td>...</td><td>...</td><td>80</td><td>...</td><td>...</td><td>80</td></tr><tr><td>Long-term liabilities and claims reported by banks and bankers.</td><td>...</td><td>79</td><td>...</td><td>...</td><td>83</td><td>...</td><td>...</td><td>80</td><td>...</td><td>...</td><td>86</td><td>...</td></tr><tr><td>Estimated gold and short-term dollar resources of foreign countries and international institutions.</td><td>...</td><td>80</td><td>...</td><td>...</td><td>84</td><td>...</td><td>...</td><td>81</td><td>...</td><td>87</td><td>...</td><td>...</td></tr><tr><td>Foreign credit and debit balances in brokerage accounts.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>86</td><td>...</td><td>...</td><td>...</td><td>...</td><td>88</td><td>...</td><td>...</td></tr><tr><td>Short-term liabilities, countries and areas not regularly reported.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>87</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 1960.</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>86</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 March 31, 1961).</td><td>...</td><td>84</td><td>...</td><td>88</td><td>79</td><td>...</td><td>88</td><td>83</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Income and expense (latest date December 31, 1960).</td><td>...</td><td>...</td><td>79</td><td>...</td><td>...</td><td>...</td><td>108</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Source and application of funds (latest date December 31, 1960).</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>
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