LIBRARY
ROOM 5030
JUN 2, 3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, D.C.
OFFICIAL BUSINESS
TREASURY BULLETIN
NOVEMBER-1961
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
The Treasury Bulletin is for sale by the Superintendent of Documents,
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November 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>19</td></tr><tr><td>Account of the Treasurer of the United States.</td><td>25</td></tr><tr><td>Debt outstanding.</td><td>27</td></tr><tr><td>Statutory debt limitation.</td><td>32</td></tr><tr><td>Public debt operations.</td><td>33</td></tr><tr><td>United States savings bonds.</td><td>53</td></tr><tr><td>Ownership of Federal securities.</td><td>58</td></tr><tr><td>Treasury survey of ownership of Federal securities.</td><td>60</td></tr><tr><td>Market quotations on Treasury securities.</td><td>68</td></tr><tr><td>Average yields of long-term bonds.</td><td>71</td></tr><tr><td>Internal revenue collections.</td><td>73</td></tr><tr><td>Monetary statistics.</td><td>75</td></tr><tr><td>Exchange Stabilization Fund.</td><td>79</td></tr><tr><td>International financial statistics.</td><td>81</td></tr><tr><td>Capital movements.</td><td>82</td></tr><tr><td>Cumulative table of contents.</td><td>92</td></tr></table>
NOTICE
Beginning with this issue more up-to-date information will be included for certain significant series. Data for the month preceding the month of issue of the Treasury Bulletin will be shown for the following groups of tables:
Summary of fiscal operations
Budget receipts and expenditures, tables 1, 3, and 4
Trust account and other transactions, tables 1-6
Cash income and outgo, tables 1-7
Account of the Treasurer of the United States, tables 1 and 2 Debt outstanding, tables 1-7
Ownership of Federal securities, table 3
This issue contains figures for the tables listed for both September and October. Results of the Treasury survey of ownership of Federal securities are included for both August 31 and September 30.
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.
November 1961
III
Reporting Bases - (Continued)
The daily statement before February 17, 1954, covered not only transactions cleared through the Treasurer's account but also certain Government agency transactions which were handled through commercial bank accounts, and included noncash interfund and other intragovernmental transactions. It provided information similar to that in the present daily statement with respect to the status of the Treasurer's account, and similar to that in the present end-of-month daily statement with respect to debt issuance, retirement, and amount outstanding. Receipts and expenditures, however, were classified by type of account, and the budget results shown in the daily statement were used as the basis for reflecting the results under the President's budget program as enacted by the Congress.
Receipts were on the basis of deposits as they cleared the Treasurer's account. Expenditures cleared through the Treasurer's account were reported on two successive bases. Through 1946 they were on the basis of checks paid by the Treasurer of the United States. Beginning with 1947, expenditures
made through the facilities of the Treasury Department's Division of Disbursement were on the basis of checks issued, while certain others, principally those of the Department of Defense and its predecessor organizations, were on the basis of checks paid. Transactions handled through commercial bank accounts, consisting of market transactions in public debt and guaranteed securities, were as reported by the agencies. Interest on the public debt was included on a due and payable basis beginning with November 1949 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the Treasurer's account which affect monetary stocks of gold and silver and the amounts of coin and currency in the money supply of the country. It is issued later than the daily statement, however, and the figures are based on transactions consummated during the reporting period even through some may not have cleared the Treasurer's account during that period.
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown.
November 1961
A-1
Treasury Financing Operations
November Financing
An exchange offering of three securities for the 2-1/2 percent Treasury bonds of 1961 which matured in the amount of $6,963 million on November 15, 1961, was announced by the Treasury Department on November 2. The announcement also stated that the Treasury would borrow $800 million, or thereabouts, for cash, through the sale at auction on November 9, 1961, of a "strip" of additional amounts of eight series of outstanding Treasury bills maturing weekly from December 7, 1961, through January 25, 1962.
The exchange options consisted of:
3-1/4 percent 15-month Treasury notes dated November 15, 1961, and to mature February 15, 1963, at par; or
3-3/4 percent Treasury bonds of 1966, dated November 15, 1960, maturing May 15, 1966 (of which $1,213 million were outstanding) at 99.75 to yield about 3.81 percent; or
3-7/8 percent Treasury bonds of 1974, dated December 2, 1957, maturing November 15, 1974 (of which $654 million were outstanding) at 99.00 to yield about 3.97 percent.
Subscription books for the notes and bonds were open from November 6 through November 9. Cash subscriptions were not received. Subscriptions accepted totaled about $6,542 million, leaving about $421 million of the maturing bonds to be paid in cash. Preliminary results were as follows:
(In millions)
Eligible for exchange:
1/2% bonds of 1961, maturing Nov. 15, 1961 $6,963
Issued in exchange:
3-1/4 notas, Series E-1963 maturing Feb. 15, 1963.....$3,642
3-3/4 bonds of 1966,
aturing May 15, 1966 (additional issue) 2,383
3-7/8 bonds of 1974
aturing Nov. 15, 1974 (additional issue) 517 1/
Total issued in exchange 6,542
ayable in cash 421
Maturing securities held by:
Federal Reserve Banks and Government Investment Accounts, Oct. 31, 1961
69
Commercial banks (as reported
the Treasury Survey of ership, Sept. 30, 1961) 3,078
1/ Includes $4 million of 3-3/4 per cent bonds of 1966 and $136 million of 3-7/8 per cent bonds of 1974 issued to Government investment accounts.
For the additional bills, tenders totaled $1,519 million, of which $800 million was accepted at the average rate of discount of 2.277 percent based on 46.5 days, the average number of days to maturity.
Exchanges of the 2-1/2 percent Treasury bonds could be made for a like face amount of any of the three securities offered. Coupons dated November 15, 1961, on the maturing bonds were to be detached by holders and cashed when due. Holders of registered bonds were paid by check for final interest due.
Interest on the new 3-1/4 percent Treasury notes, Series E-1963, is payable on a semiannual basis on February 15 and August 15, 1962, and at maturity on February 15, 1963. Interest on the 3-3/4 percent Treasury bonds of 1966 and the 3-7/8 percent Treasury bonds of 1974 is payable semiannually on May 15 and November 15 in each year until the principal amounts become payable.
Holders of the maturing bonds who exchanged them for the 3-3/4 percent bonds of 1966 were paid the discount of $2.50 per $1,000; and holders who exchanged for the 3-7/8 percent bonds of 1974 were paid the discount of $10 per $1,000.
The new notes and additional bonds were issued in bearer form with interest coupons attached, or registered as to principal and interest. The notes were issued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000, and $500,000,000. The bonds were issued in denominations of $500 and the first five of those for the notes.
The new bills were issued November 15, 1961, and are additional to the bills originally issued and maturing as shown in the table which follows.
<table><tr><th>Amount of additional issue</th><th>Original issue dates 1961</th><th>Maturity dates 1961-62</th><th>Days from Nov. 15, 1961 to maturity</th><th>Amount outstanding Nov. 2, 1961 (In millions)</th></tr><tr><td>$100,000,000</td><td>June 8</td><td>Dec. 7</td><td>22</td><td>$1,609</td></tr><tr><td>100,000,000</td><td>June 15</td><td>Dec. 14</td><td>29</td><td>1,601</td></tr><tr><td>100,000,000</td><td>June 23</td><td>Dec. 21</td><td>36</td><td>1,601</td></tr><tr><td>100,000,000</td><td>June 29</td><td>Dec. 28</td><td>43</td><td>1,600</td></tr><tr><td>100,000,000</td><td>July 6</td><td>Jan. 4</td><td>50</td><td>1,600</td></tr><tr><td>100,000,000</td><td>July 13</td><td>Jan. 11</td><td>57</td><td>1,601</td></tr><tr><td>100,000,000</td><td>July 20</td><td>Jan. 18</td><td>64</td><td>1,600</td></tr><tr><td>100,000,000</td><td>July 27</td><td>Jan. 25</td><td>71</td><td>1,601</td></tr><tr><td>800,000,000</td><td></td><td></td><td></td><td></td></tr></table>
A-2
Treasury Bulletin
Treasury Financing Operations - (Continued
Bidders were required to submit a single price for each unit of $3,000, or even multiple thereof. The amounts issued on accepted bids were applied equally to each of the eight series of bills included in the offering.
Tenders were received without deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others were required to be accompanied by payment of 2 percent of the face amount of the bills applied for, unless accompanied by an express guaranty of payment by an incorporated bank or trust company. Noncompetitive tenders for $30,000 or less, in even multiples of $8,000, with-out stated price from any one bidder were accepted in full at the average price of accepted competitive bids.
Payment for tenders accepted was required to be made or completed in cash or other immediately available funds on November 15, 1961. Depositaries for Government funds were not permitted to make payment by credit in their Treasury tax and loan accounts.
Issued on a Discount basis, the bills will be payable at their face amount at maturity without interest. The bills were issued in bearer form only, in denominations of $1,000, $5,000, $10,000, $100,000, $500,000, and $1,000,000 (maturity value).
Weekly Bills Increased during October
New issues of regular weekly Treasury bills in October totaled $6.3 billion refunding $6.6 billion of maturing 13-week and 26-week bills and providing $0.2 billion of cash. During October there were four issues for $1.1 billion each, and four issues for $0.6 billion each.
<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>Date of --</th><th colspan="2">Additional issue</th><th>Approximate equivalent annual average rate</th><th>Date of issue</th><th>Approximate equivalent annual average rate</th></tr><tr><td>1961</td><td>1961</td><td>July 6</td><td>2.3027</td><td>1961</td><td>Oct. 5</td><td>2.683</td></tr><tr><td>Oct. 5</td><td>13</td><td>July 6</td><td>2.389</td><td>Oct. 5</td><td>13</td><td>2.684</td></tr><tr><td>13</td><td>19</td><td>July 13</td><td>2.382</td><td>Oct. 19</td><td>2.734</td></tr><tr><td>19</td><td>26</td><td>July 20</td><td>2.325</td><td>Oct. 26</td><td>2.708</td></tr></table>
With the exception of the new 13-week and 26-week bills dated October 13, which are for 97 days and 121 days respectively, the new bill issues carry 91-day and 132-day maturities. Averages rates of discount on the new bills are shown in the accompanying table.
Exchange of Series F and G Savings Bonds for Marketable Treasury Bonds
An exchange offering of 3-7/8 percent Treasury bonds of 1968 for Series F and G savings bonds which mature in 1962 was announced by the Treasury Department on November 17, 1961. The exchange will be made at the face value of the savings bonds with certain interest and other adjustments as of December 15, 1961, for the marketable bonds which are to be issued at 99.50. The savings bonds, issued in 1950, are outstanding in the approximate amount of $970 million. The 3-7/8 percent bonds, maturing May 15, 1968, will constitute an addition to the $2,137 million of this issue outstanding, which is dated June 23, 1960.
Subscriptions for the exchanges according to the announcement on November 17 were to be received from all classes of subscribers from November 20 through November 24, and from individuals through November 30. A special notice to trustees and institutional holders issued on November 22 extended the subscription period for all subscribers except individuals because of the holiday during the week. The notice stated that the Treasury would permit holders of the bonds who were unavoidably delayed in completing their subscriptions to file or place in the mail before midnight, November 24 a letter of intent stating that they proposed to enter an exchange subscription and giving the reasons for their inability to complete their subscription and delivery of the Series F and G bonds to be exchanged by that date. In such cases the subscribers were given until November 30 to complete their subscriptions.
Further details and the results of this offering will be published in the December issue of the Treasury Bulletin.
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the tables on public debt operations.
1 November 1901
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 balance, or decrease (-)</th><th colspan="5">Levels, end of period</th></tr><tr><th>Net receipts 1/</th><th>Expenditures 1/</th><th>Surplus, or deficit (-)</th><th>Treasurer's account balance</th><th colspan="3">Debt outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Public debt</th><th>Guaranteed securities</th><th>Total Federal securities</th><th>Subject to limitation 4/</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1948 5/</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>273,913</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>2,654</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>82,100</td><td>88,985</td><td>-6,885</td><td>15</td><td>-53</td><td>6,229</td><td>-694</td><td>6,000</td><td>295,200</td><td>n.e.</td><td>n.e.</td><td>n.e.</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>290,304</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>286,077</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>288,069</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>288,423</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>4,734</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>288,200</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><tr><td>Sept.</td><td>8,945</td><td>6,771</td><td>2,174</td><td>44</td><td>682</td><td>35</td><td>2,936</td><td>8,956</td><td>293,750</td><td>271</td><td>294,020</td><td>293,579</td></tr><tr><td>Oct.</td><td>3,141</td><td>7,796</td><td>-4,655</td><td>-154</td><td>140</td><td>1,911</td><td>-2,759</td><td>6,197</td><td>295,660</td><td>299</td><td>295,959</td><td>295,520</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 from the 1962 Budget Review, released October 29, 1961, including effects of proposed legislation. 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 end in certain other accounts beginning with the fiscal year 1954. Net increase, or decrease (-). 5/ For current month detail and list of acts, see section on "Statutory Debt Limitation" in each issue of the Bulletin. The limitations in effect during the period covered by this table and the date when each become 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; $275 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. 2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures. p. Preliminary. s. Not available.
Treasury Bulletin
2
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 colspan="3"></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 3/</th><th>For unemployment insurance 4/</th><th>Total employment taxes</th><th>Estate and gift taxes</th><th>Excise taxes 5/</th><th>Taxes not otherwise classified</th><th>Total internal revenue 6/</th><th>Customs</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>22,500</td><td>13,860</td><td>36,000</td><td>72,360</td><td>11,987</td><td>590</td><td>472</td><td>13,049</td><td>2,020</td><td>12,925</td><td>-</td><td>100,354</td><td>1,125</td></tr><tr><td>1961-Jan.</td><td>534</td><td>2,149 7/</td><td>1,049 7/</td><td>3,732</td><td>30, 7/</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>5,779</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 7/</td><td>916 7/</td><td>4,812</td><td>720 7/</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 7/</td><td>2,450 7/</td><td>9,633</td><td>1,127 7/</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>82</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>Sept.</td><td>3,251</td><td>2,017</td><td>2,662</td><td>7,930</td><td>828</td><td>55</td><td>1</td><td>884</td><td>148</td><td>983</td><td>-</td><td>9,945</td><td>90</td></tr><tr><td>Oct.</td><td>408</td><td>215 7/</td><td>1,399 7/</td><td>2,021</td><td>239 7/</td><td>1</td><td>1</td><td>241</td><td>142</td><td>1,102</td><td>-</td><td>3,507</td><td>105</td></tr><tr><td>1962 to date.</td><td>4,560</td><td>2,637</td><td>9,950</td><td>17,148</td><td>3,094</td><td>155</td><td>3</td><td>3,252</td><td>595</td><td>4,259</td><td>-</td><td>25,253</td><td>385</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Miscellaneous receipts 6/</th><th>Total budget receipts</th><th colspan="5">Less: Transfers of tax receipts to -</th><th colspan="3">Less: Refunds of receipts 13/</th><th>Budget receipts net of refunds and transfers to trust accounts</th><th>Less: Interfund transactions 14/</th><th>Net budget receipts 15/</th></tr><tr><th></th><th></th><th></th><th>FOASI Trust Fund 8/</th><th>Federal Disability Insurance Trust Fund 9/</th><th>Railroad Retirement Account 10/</th><th>Unemployment Trust Fund 11/</th><th>Highway Trust Fund 12/</th><th>Internal Revenue</th><th>Customs</th><th>Other</th><th>Total refunds</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 16/</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>3,450</td><td>104,929</td><td>11,006</td><td>981</td><td>590</td><td>472</td><td>3,132</td><td>5,973</td><td>25</td><td>2</td><td>6,000</td><td>82,748</td><td>648</td><td>82,100</td></tr><tr><td>1961-Jan.</td><td>286</td><td>5,537</td><td>282 7/</td><td>22 7/</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 7/</td><td>62 7/</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 7/</td><td>102 7/</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>Sept.</td><td>249</td><td>10,285</td><td>760</td><td>69</td><td>55</td><td>1</td><td>267</td><td>183</td><td>3</td><td>*</td><td>185</td><td>8,948</td><td>3</td><td>8,945</td></tr><tr><td>Oct.</td><td>198</td><td>3,811</td><td>212 7/</td><td>27 7/</td><td>1</td><td>1</td><td>258</td><td>159</td><td>3</td><td>*</td><td>162</td><td>3,149</td><td>9</td><td>3,141</td></tr><tr><td>1962 to date</td><td>949</td><td>26,587</td><td>2,827</td><td>267</td><td>155</td><td>3</td><td>1,052</td><td>718</td><td>10</td><td>*</td><td>728</td><td>21,555</td><td>120</td><td>21,435</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 from the 1962 Budget Review, released October 29, 1961, including effects of proposed legislation.
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 8), and also for transfer to the Federal Disability Insurance Trust Fund (see footnote 9).
2 taxes on employers and employees under the Federal Insurance Contribution 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.
2/ 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 12).
Remaining footnotes on following page,
November 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>Seignorage</th><th>Fees for permits and licenses</th><th>Fees and other charges for services, etc.</th><th>Rentals</th><th>Royalties</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.)</td><td>3,450</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><td>n.a.</td><td>n.a.</td><td>n.a.</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><tr><td>Aug.........</td><td>242</td><td>51</td><td>60</td><td>33</td><td>11</td><td>20</td><td>55</td><td>8</td><td>5</td><td>7</td><td>6</td><td>-17</td><td>1</td><td>2</td><td>*</td></tr><tr><td>Sept......</td><td>249</td><td>7</td><td>63</td><td>93</td><td>6</td><td>26</td><td>21</td><td>7</td><td>3</td><td>7</td><td>4</td><td>9</td><td>1</td><td>4</td><td>*</td></tr><tr><td>1962 to date..</td><td>751</td><td>127</td><td>186</td><td>185</td><td>27</td><td>58</td><td>95</td><td>18</td><td>12</td><td>19</td><td>16</td><td>*</td><td>2</td><td>6</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 11); estimates are from the 1962 Budget Review, released October 29, 1961, including effects of proposed legislation. 1/ Consists of miscellaneous taxes (principally the tonnage tax on foreign vessels entering U. S. ports) builion 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.
* Less then $500,000.
p Preliminary.
n.a. Not available.
Footnotes to Table 1 - (Continued)
6/ In the 1962 Budget document, Special Analysis G, taxes not otherwise classified are included in miscellaneous receipts.
7/ Figures shown include(see footnote 8) decreases in income tax withheld of $84 million in January, $8 million in April, $170 million in June, and increase of $109 million in October, and decreases in income tax not withheld of $7 million in January, $3 million in April, $6 million in June, and $2 million in October; increases in transfers to Federal Old-Age and Survivors Insurance Trust Fund of $86 million in January, $8 million in April, $162 million in June, and decrease of $105 million in October, and increases to Federal Disability Insurance Trust Fund of $4 million in January, $3 million in April, $15 million in June, and decrease of $2 million in October.
8/ 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.
9/ 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.
10/ 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
exclude the Government's contribution for creditable military service (45 U.S.C. 228c-1 (n)).
11/ 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.
12/ 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. Previously 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.
13/ Interest on refunds is included in expenditures in Table J.
14/ 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).
15/ 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 14).
16/ Transfers reduced by $300 million to correct those made earlier on basis of estimates (see footnote 8).
* Less than $500,000. p. Preliminary.
4
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
<table><tr><th>Fiscal 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 Administration</th><th>Housing and Home Finance Agency</th><th>Agriculture Department</th><th>Commerce Department</th><th>Defense Department</th></tr><tr><th colspan="11"></th><th>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>800</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>748</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>37,791</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 2/3</td><td>570</td><td>-23</td><td>5,006</td><td>562 2/3</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>39,62</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>877</td></tr><tr><td>1960.</td><td>126</td><td>49</td><td>56</td><td>1,764 4/7</td><td>9,006 4/7</td><td>408</td><td>309</td><td>5,419</td><td>539</td><td>42,824</td><td>900</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>152</td><td>59</td><td>27</td><td>2,014</td><td>11,055</td><td>485</td><td>920</td><td>7,255</td><td>636</td><td>48,350</td><td>1,022</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>4,643</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>3,66</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>September.</td><td>10</td><td>4</td><td>3</td><td>157</td><td>863</td><td>43</td><td>14</td><td>482</td><td>43</td><td>3,647</td><td>92</td></tr><tr><td>October.</td><td>13</td><td>5</td><td>-1</td><td>114</td><td>963</td><td>36</td><td>128</td><td>989</td><td>61</td><td>3,837</td><td>93</td></tr><tr><td>1962 to date.</td><td>51</td><td>17</td><td>15</td><td>545</td><td>3,767</td><td>143</td><td>313</td><td>2,754</td><td>213</td><td>14,497</td><td>354</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Health, Education, and welfare Department</th><th>Interior Department</th><th>Justice Department</th><th>Labor Department</th><th>Post Office Department 5/</th><th>State Department</th><th colspan="3">Treasury Department</th><th>District of Columbia 2/</th><th>Total by agencies</th><th>Less: Interfund transactions 8/</th><th>Total budget expenditures 2/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>On public debt 6/</th><th>On refunds of taxes</th><th>Other</th><th></th><th></th><th></th><th></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>23</td><td>67,737</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 3/</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/ 2/</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>767</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>351</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>76,53</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>81,152 12/</td><td>649</td><td>81,503 12/</td></tr><tr><td>1962 (Est.)....</td><td>4,471</td><td>869</td><td>295</td><td>562</td><td>814</td><td>330</td><td>8,900</td><td>83</td><td>1,154</td><td>81</td><td>89,633 12/</td><td>648</td><td>88,985 12/</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>6,624</td><td>55</td><td>6,70</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>-</td><td>6,272</td><td>26</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>7,12</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>6,411</td><td>1</td><td>6,5</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>6,33</td><td>50</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>731</td><td>9</td><td>91</td><td>3</td><td>7,081</td><td>41</td><td>7,632</td></tr><tr><td>September.....</td><td>313</td><td>92</td><td>29</td><td>53</td><td>87</td><td>20</td><td>727</td><td>9</td><td>77</td><td>4</td><td>6,774</td><td>-</td><td>6,771</td></tr><tr><td>October......</td><td>361</td><td>88</td><td>22</td><td>74</td><td>29</td><td>39</td><td>713</td><td>5</td><td>2.5</td><td>2</td><td>7,865</td><td>2</td><td>7,73</td></tr><tr><td>1962 to date...</td><td>1,416</td><td>352</td><td>99</td><td>255</td><td>216</td><td>165</td><td>2,935</td><td>31</td><td>467</td><td>35</td><td>28,640</td><td>120</td><td>28,520</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 from the 1961 Budget Review, released October 4, 1961, including effects of proposed legislation. Note: Figures in this table are for agencies as constituted at the time the expenditures were made, and therefore do not necessarily represent functions which are comparable over a period of time. For expenditure 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 "Interdepartment" to "Commerce Department," and Federal intermediate credit banks and production credit corporations as indicated in footnote 1; beginning 1958, Federal Facilities Corporation (remaining funds) from "Treasury Department" to "General Services Administration," and Information 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 offices"; beginning 1961, military assistance from "Funds appropriated to the President" to "Defense
Department, military," pursuant to budgeting instructions in the Mutual Security Act of 1953, 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 into 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 Trusts" (table )); previous operations of the banks and the corporations, respectively, were classified as public enterprise funds. were included not in budget expenditures. Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1). Rental fees of the following are
November 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 rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="10">Interest payments to the Treasury 1/</th><th rowspan="2">Reimbursement by Panama Canal Company 7/</th><th rowspan="2">Federal intermediate credit banks' franchise tax 8/</th><th rowspan="2">Charges for audits of various agencies</th></tr><tr><th>Total interest</th><th>Commodity Credit Corp.</th><th>Export-Import Bank of Washington 2/</th><th>Housing and Home Finance Agency 3/</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></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>648</td><td>634</td><td>343</td><td>43</td><td>155</td><td>9</td><td>14</td><td>-</td><td>43</td><td>17</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>September</td><td>3</td><td>3</td><td>1</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>1</td><td>-</td><td>-</td><td>*</td></tr><tr><td>October</td><td>9</td><td>5</td><td>*</td><td>*</td><td>*</td><td>3</td><td>-</td><td>-</td><td>-</td><td>*</td><td>2</td><td>4</td><td>-</td><td>-</td></tr><tr><td>1962 to date</td><td>120</td><td>116</td><td>2</td><td>*</td><td>71</td><td>3</td><td>14</td><td>-</td><td>19</td><td>4</td><td>4</td><td>4</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.
Z/ For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
3/ 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."
5. 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).
2. 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. Includes payments of United States subscriptions to three international financial organizations. In June 1959, pursuant to an act approved June 17, 1959 (22 U.S.C. 286e), an additional $1,375 million was paid to the International Monetary Fund consisting of $344 million in gold (see "Monetary Statistics," Table 3) and $1,031 million in special notes.
To the Inter-American Development Bank, as authorized by an act approved August 7, 1959 (22 U.S.C. 283e), there were paid in September 1959, $0.5 million, in June 1960, $79.5 million, and in October 1961, $110 million which included $25 million of special notes. In November 1960, as authorized by an act approved June 30, 1960 (22 U.S.C. 284e), there was paid to the International Development Association $74 million, of which $38 million was in special notes. The special notes of the United States issued to these organizations are nonnegotiable and noninterest-bearing and are payable on demand. 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 11.
12/ Includes unclassified expenditure transfers until those have been distributed in final fiscal year figures.
13/ Total includes allowance for contingencies of $100 million.
* 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 September 30, 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, 1962</th><th colspan="4">Additions, fiscal year 1962 to date</th><th>Transfers, borrowings, investments</th></tr><tr><th></th><th></th><th>Appropriations</th><th>Increase / Authorizations to extend from debt receipts</th><th>Inter main relations</th><th>Total</th><th></th></tr><tr><td>Legislative Branch</td><td>113</td><td>137</td><td>-</td><td>-8</td><td>129</td><td>-</td></tr><tr><td>The Judiciary</td><td>8</td><td>9</td><td>-</td><td>-</td><td>9</td><td>-</td></tr><tr><td>Executive Office of the President</td><td>46</td><td>48</td><td>-</td><td>-</td><td>48</td><td>-</td></tr><tr><td>Funds appropriated to the President</td><td>3,766</td><td>3,773</td><td>-40</td><td>-60</td><td>4,773</td><td>-10</td></tr><tr><td>Independent offices</td><td>14,346</td><td>11,011</td><td>-40</td><td>-60</td><td>11,911</td><td>-</td></tr><tr><td>General Services Administration</td><td>389</td><td>86</td><td>-</td><td>-</td><td>586</td><td>-</td></tr><tr><td>Housing and Home Finance Agency</td><td>12,864</td><td>456</td><td>-40</td><td>-100</td><td>696</td><td>-</td></tr><tr><td>Agriculture Department</td><td>1,184</td><td>4,705</td><td>-26</td><td>5</td><td>5,784</td><td>-</td></tr><tr><td>Commerce Department</td><td>971</td><td>793</td><td>-</td><td>16</td><td>809</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>28,424</td><td>47,639</td><td>-</td><td>-</td><td>47,639</td><td>-</td></tr><tr><td>Military assistance</td><td>1,318</td><td>1,600</td><td>-</td><td>-</td><td>1,600</td><td>-</td></tr><tr><td>Civil functions</td><td>309</td><td>1,111</td><td>-</td><td>-</td><td>1,111</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>1,779</td><td>3,833</td><td>-1</td><td>-1</td><td>3,833</td><td>-</td></tr><tr><td>Interior Department</td><td>28</td><td>864</td><td>1</td><td>-1</td><td>873</td><td>-</td></tr><tr><td>Justice Department</td><td>-</td><td>196</td><td>-</td><td>-</td><td>245</td><td>-</td></tr><tr><td>Labor Department</td><td>11</td><td>971</td><td>-</td><td>-</td><td>981</td><td>-</td></tr><tr><td>Post Office Department</td><td>333</td><td>871</td><td>-</td><td>-</td><td>875</td><td>-</td></tr><tr><td>State Department</td><td>131</td><td>181</td><td>-</td><td>-</td><td>182</td><td>-</td></tr><tr><td>Treasury Department</td><td>5,308</td><td>9,847</td><td>-</td><td>-</td><td>4,847</td><td>-</td></tr><tr><td>District of Columbia</td><td>111</td><td>62</td><td>-</td><td>-</td><td>14</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>78,270</td><td>87,331</td><td>1,016</td><td>-28</td><td>38,699</td><td>-</td></tr></table><table><tr><th>Agency</th><th>Expenditures</th><th colspan="2">Deductions, fiscal year 1962 to date</th><th colspan="3">Unexpended balances September 30, 1962</th></tr><tr><th></th><th></th><th>Rescissions, cancellations, and other adjustments</th><th>Undistributed appropriations</th><th>Unused authorizations to expend from debt receipts</th><th>Unfunded contract authorizations</th><th>Investments held</th><th>Total</th></tr><tr><td>Legislative Branch</td><td>38</td><td>3</td><td>176</td><td>-</td><td>27</td><td>-</td><td>5</td></tr><tr><td>The Judiciary</td><td>12</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>8</td></tr><tr><td>Executive Office of the President</td><td>16</td><td>-</td><td>69</td><td>-</td><td>-</td><td>-</td><td>69</td></tr><tr><td>Funds appropriated to the President</td><td>431</td><td>-</td><td>1,368</td><td>319</td><td>-</td><td>-</td><td>1,687</td></tr><tr><td>Independent offices</td><td>2,804</td><td>32</td><td>12,479</td><td>9,922</td><td>8</td><td>62</td><td>21,011</td></tr><tr><td>General Services Administration</td><td>107</td><td>4</td><td>865</td><td>2,235</td><td>3,393</td><td>83</td><td>865</td></tr><tr><td>Housing and Home Finance Agency</td><td>185</td><td>41</td><td>209</td><td>2,235</td><td>51</td><td>-</td><td>5,117</td></tr><tr><td>Agriculture Department</td><td>1,769</td><td>-</td><td>3,355</td><td>1,504</td><td>250</td><td>-</td><td>3,659</td></tr><tr><td>Commerce Department</td><td>15</td><td>-</td><td>1,777</td><td>300</td><td>-</td><td>-</td><td>1,677</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>10,525</td><td>-</td><td>65,760</td><td>-</td><td>-</td><td>-</td><td>66,760</td></tr><tr><td>Military assistance</td><td>14</td><td>-</td><td>4,057</td><td>-</td><td>-</td><td>-</td><td>4,057</td></tr><tr><td>Civil functions</td><td>256</td><td>-</td><td>1,118</td><td>10</td><td>-</td><td>-</td><td>1,128</td></tr><tr><td>Undistributed foreign transactions</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Health, Education, and welfare Department</td><td>1,059</td><td>-</td><td>4,277</td><td>-</td><td>-</td><td>-</td><td>4,277</td></tr><tr><td>Interior Department</td><td>264</td><td>-</td><td>355</td><td>11</td><td>85</td><td>-</td><td>451</td></tr><tr><td>Justice Department</td><td>77</td><td>-</td><td>537</td><td>-</td><td>-</td><td>-</td><td>537</td></tr><tr><td>Labor Department</td><td>181</td><td>-</td><td>681</td><td>-</td><td>-</td><td>-</td><td>681</td></tr><tr><td>Post Office Department</td><td>187</td><td>-</td><td>1,333</td><td>-</td><td>-</td><td>-</td><td>1,333</td></tr><tr><td>State Department</td><td>126</td><td>-</td><td>283</td><td>5,965</td><td>-</td><td>-</td><td>2,88</td></tr><tr><td>Treasury Department</td><td>2,989</td><td>2</td><td>7,700</td><td>-</td><td>-</td><td>-</td><td>11,605</td></tr><tr><td>District of Columbia - Federal contribution and loans</td><td>33</td><td>-</td><td>141</td><td>-</td><td>-</td><td>-</td><td>141</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>-519</td><td>84</td><td>117,480</td><td>30,314</td><td>3,863</td><td>1,392</td><td>146,044</td></tr><tr><td>Total</td><td>20,836</td><td>-</td><td>117,480</td><td>30,314</td><td>3,863</td><td>1,392</td><td>146,044</td></tr><tr><td>Subtotal interest and other payments by Government agencies to Treasury included above which are also included in budget receipts</td><td>111</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total budget expenditures</td><td>20,725</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
November 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>Major national security:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>10,524</td><td>65,761</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>140</td><td>4,057</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>663</td><td>3,347</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>24</td><td>183</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>11,351</td><td>73,348</td></tr><tr><td>International affairs and finance:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Conduct of foreign affairs</td><td>151</td><td>157</td><td>173</td><td>237</td><td>219</td><td>217</td><td>112</td><td>170</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>614</td><td>15,692</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>45</td><td>263</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>771</td><td>16,125</td></tr><tr><td>Veterans' services and benefits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Veterans' education and training 2/.</td><td>101</td><td>774</td><td>699</td><td>574</td><td>383</td><td>406</td><td>26</td><td>70</td></tr><tr><td>Other veterans' readjustment benefits 3/.</td><td>102</td><td>126</td><td>168</td><td>177</td><td>136</td><td>*</td><td>32</td><td>39</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>921</td><td>2,795</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>7</td><td>148</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>279</td><td>1,038</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>46</td><td>159</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>1,311</td><td>4,248</td></tr><tr><td>Labor and welfare:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Labor and manpower</td><td>211</td><td>400</td><td>458</td><td>844</td><td>411</td><td>671</td><td>159</td><td>588</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>616</td><td>1,636</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>266</td><td>1,988</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>161</td><td>588</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>68</td><td>559</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>14</td><td>59</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>51</td><td>228</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>1,335</td><td>5,645</td></tr><tr><td>Agriculture and agricultural resources:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stabilization of farm prices and farm income 7/.</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>886</td><td>5,755</td></tr><tr><td>Financing farm ownership and operation 8/.</td><td>352</td><td>227 9/</td><td>239</td><td>250</td><td>246</td><td>349</td><td>80</td><td>938</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>73</td><td>1,250</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>502</td><td>374</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>223</td><td>75</td><td>380</td></tr><tr><td>Total agriculture and agricultural resources</td><td></td><td>4,525 9/</td><td>4,389</td><td>6,529</td><td>4,838</td><td>5,473</td><td>1,616</td><td>8,697</td></tr><tr><td>Natural resources:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Conservation and development of land and water resources</td><td>401</td><td>925</td><td>1,138</td><td>1,183</td><td>1,235</td><td>1,396</td><td>412</td><td>2,473</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>100</td><td>240</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>27</td><td>51</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>18</td><td>120</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>30</td><td>177</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>20</td><td>48</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>607</td><td>3,109</td></tr><tr><td>Commerce, housing, and space technology:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Promotion of water transportation</td><td>510</td><td>365</td><td>392</td><td>436</td><td>508</td><td>566</td><td>158</td><td>1,080</td></tr><tr><td>Provision of highways</td><td>511</td><td>40 10/</td><td>31</td><td>30</td><td>38</td><td>36</td><td>13</td><td>106</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>198</td><td>1,261</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>229</td><td>2,034</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>187</td><td>1,022</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>52</td><td>5,694</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>45</td><td>1,654</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>102</td><td>8,724</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>56</td><td>3,967</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>18</td><td>80</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>1</td><td>332</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>38</td></tr><tr><td>Total commerce, housing, and space technology</td><td></td><td>1,455 10/</td><td>2,109</td><td>3,421</td><td>2,782</td><td>3,881</td><td>1,071</td><td>25,992</td></tr><tr><td>General government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Legislative functions</td><td>601</td><td>90</td><td>88</td><td>102</td><td>109</td><td>118</td><td>24</td><td>168</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>12</td><td>52</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>4</td><td>13</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>165</td><td>555</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>103</td><td>811</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>69</td><td>233</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>17</td><td>114</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>64</td><td>202</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>53</td><td>220</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>70</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>528</td><td>2,439</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>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 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>7,677</td><td>7,553</td><td>9,180</td><td>8,362</td><td>2,442</td><td>6,378</td></tr><tr><td>Interest on refunds of receipts</td><td>652</td><td>57</td><td>70</td><td>70</td><td>76</td><td>83</td><td>26</td><td>57</td></tr><tr><td>Interest on uninvested funds</td><td>653</td><td>6</td><td>8</td><td>3</td><td>10</td><td>10</td><td>4</td><td>6</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>2,252</td><td>6,441</td></tr><tr><td>Undistributed</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-25</td><td>-5</td><td>-</td></tr><tr><td>Total</td><td></td><td>69,433 2/ 10/</td><td>71,936</td><td>80,697</td><td>77,23</td><td>82,152</td><td>20,836</td><td>146,04</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>111</td><td></td></tr><tr><td>Budget expenditures (see Table 3)</td><td></td><td>68,966</td><td>71,362</td><td>80,342</td><td>76,539</td><td>81,503</td><td>20,725</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 in this amount, they are footnoted. Revolving fund transfers 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.
See footnote 7.
2/ Expenditures for 1961 and 1962 include those made from "Readjustment Benefits, Veterans' Administration," applicable to functional code 102.
3/ See footnote 3 and 1/.
4/ See footnote 6.
5/ 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.
6/ Expenditures for 1961 include those for emergency famine relief to friendly peoples, applicable to functional code 125. For 1962 and 1963 they include those for Special Emergency Program - restoration of capital impairment, applicable to functional code 117; for 1963 "Secretary of Agriculture for conservation, farm security, and conservation reserve program, applicable to functional code 115, and for infectious disease eradication activities and related testing activities, applicable to functional code 113. These expenditures were made from "Commodity Credit Corporation, Agricultural Credit," and "National Wheat Act, Commodity, Stabilization Service."
7/ Expenditures for 1961 and 1962 include those for farm housing made from "Loans, Farmers' Home Administration," applicable to functional code 517.
8/ 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 L); 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.
15/ Expenditures by major functions for fiscal 1962 through October 1961, and fiscal 1961 through October 1960 are shown below. Details by functions are not available for publication in this issue but will appear in the December Bulletin.

Function
Major national security.
International affairs and finance.
Veterans' services and benefits.
Labor and welfare.
Agriculture and agricultural resources.
Natural resources.
Commerce, housing, and space technology.
General government.
Interest.
Total.
Less: Certain interfund transactions.
Budget expenditures.

Fiscal year 1962 through October 1961
$15,411
1,132
1,749
1,803
1,531
825
1,491
728
2,970
28,640
120
28,520

Fiscal year 1961 through October 1960
$15,081
625
1,773
1,431
1,928
717
1,415
663
3,074
26,688
71
26,597

* Less than $500,000.  Preliminary.
November 1961
9
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Net receipts, or expenditures (-), from trust account and other transactions</th><th colspan="3">Trust and deposit fund accounts</th><th>Net sale, or investment (-), by Government agencies in public debt securities</th><th>Net sale, or redemption (-), of securities of Government agencies in the market</th></tr><tr><th></th><th></th><th>Excess of receipts, or expenditures (-)</th><th>Net receipts 1/</th><th>Net expenditures 1/</th><th></th><th></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>15</td><td>-933</td><td>24,761</td><td>25,694</td><td>-242</td><td>1,190</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><tr><td>September</td><td>44</td><td>-726</td><td>1,478</td><td>2,204</td><td>662</td><td>108</td></tr><tr><td>October</td><td>-154</td><td>-1,015</td><td>980</td><td>1,994</td><td>828</td><td>33</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 from the 1962 Budget Review, released October 29, 1961, including effects of proposed legislation. 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. 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. 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 (Est.)</td><td>12,276</td><td>1,136</td><td>1,070</td><td>3,792</td><td>692</td><td>53</td><td>2,060</td><td>3,136</td><td>995</td><td>25,209</td><td>448</td><td>24,761</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><tr><td>September.</td><td>777</td><td>73</td><td>70</td><td>78</td><td>37</td><td>1</td><td>103</td><td>268</td><td>86</td><td>1,493</td><td>15</td><td>1,478</td></tr><tr><td>October.</td><td>236</td><td>28</td><td>3</td><td>185</td><td>41</td><td>2</td><td>144</td><td>259</td><td>102</td><td>998</td><td>19</td><td>980</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.
2/ Excludes certain intertrust 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 (75 Stat. 970); see "Budget Receipts and Expenditures," Table 1, footnote 11. 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>Fiscal year or month</th><th>Federal Old-Age and Survivors Insurance Trust Fund</th><th>Federal Disability Insurance Trust Fund</th><th>Railroad Retirement Account</th><th>Unemployment Trust Fund</th><th>National Service Life Insurance Fund</th><th>Government Life Insurance Fund</th><th>Federal employee retirement funds</th><th>Highway Trust Fund</th><th>Federal National Mortgage Assoc. 1/ Financing by Treasury</th><th>Other operations</th></tr><tr><td>1954</td><td>3,405</td><td>-</td><td>502</td><td>1,745</td><td>623</td><td>147</td><td>411</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1955</td><td>4,487</td><td>-</td><td>585</td><td>1,965</td><td>538</td><td>84</td><td>430</td><td>-</td><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>204</td></tr><tr><td>1957</td><td>6,723</td><td>1</td><td>682</td><td>1,644</td><td>515</td><td>86</td><td>591</td><td>966</td><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>1960</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>1961 p.</td><td>11,839</td><td>756</td><td>1,124</td><td>4,736 2/</td><td>709</td><td>94</td><td>955</td><td>2,746</td><td>-16</td><td>-69</td></tr><tr><td>1962 (Est.)</td><td>13,420</td><td>994</td><td>1,115</td><td>3,815</td><td>649</td><td>100</td><td>1,063</td><td>3,161</td><td></td><td>870</td></tr><tr><td>1961-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>1,349</td><td>72</td><td>103</td><td>426</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>149</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>249</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><td>September</td><td>1,051</td><td>74</td><td>85</td><td>332</td><td>34</td><td>4</td><td>85</td><td>284</td><td>30</td><td>53</td></tr><tr><td>October</td><td>1,046</td><td>84</td><td>103</td><td>267</td><td>36</td><td>5</td><td>91</td><td>303</td><td>-70</td><td>76</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Trust account, etc. - (Cont.)</th><th colspan="5">Deposit fund accounts (net)</th><th rowspan="2">Total trust and deposit fund account expenditures</th><th rowspan="2">Less: Intertrust fund transactions 5/</th><th rowspan="2">Net trust and deposit fund account expenditures 6/</th></tr><tr><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></tr><tr><td>1954</td><td>495</td><td>7,327</td><td>7/</td><td>2/</td><td>-437</td><td>-437</td><td>-121</td><td>-558</td><td>6,769</td><td>18</td><td>6,751</td></tr><tr><td>1955</td><td>483</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 0/</td><td>12,743</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>915 2/</td><td>16,159</td><td>460</td><td>167</td><td>520</td><td>7</td><td>-98</td><td>-91</td><td>16,068</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>1960</td><td>711</td><td>21,903 2/</td><td>239</td><td>-723</td><td>479</td><td>-5</td><td>-97</td><td>-102</td><td>21,801 2/</td><td>908</td><td>20,893</td></tr><tr><td>1961 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>1962 (Est.)</td><td>10/</td><td>n.a.</td><td>-150</td><td>-361</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>10</td><td>26,142</td><td>448</td><td>25,694</td></tr><tr><td>1961-January</td><td>52</td><td>1,952 2/</td><td>384</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>0</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>-20</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>1,872</td></tr><tr><td>August</td><td>67</td><td>2,048</td><td>-106</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><tr><td>September</td><td>92</td><td>2,130</td><td>117</td><td>-305</td><td>180</td><td>-8</td><td>97</td><td>89</td><td>2,219</td><td>15</td><td>2,204</td></tr><tr><td>October</td><td>101</td><td>2,043</td><td>-77</td><td>0</td><td>58</td><td>-9</td><td>-20</td><td>-30</td><td>2,013</td><td>19</td><td>1,994</td></tr></table>
Source: See Table 1.
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).
2/ See Table 1, footnote 4.
3/ See Table 2, footnote 5.
4/ Includes principally District of Columbia operating expenditures; Funds appropriated to the President - mutual security trust funds; Indian tribal funds; expenditures 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.
5/ 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).
7/ 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/ The combined estimate for "Other trust accounts and trust enterprise funds" and "Total deposit fund accounts" is $955 million.
* Less than $500,000. p Preliminary. n.a. Not available.
November 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 rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="10">Trust accounts</th></tr><tr><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 2/</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.)</td><td>242</td><td>22</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>-</td><td>n.a.</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>-843</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><tr><td>September</td><td>-662</td><td>-635</td><td>-353</td><td>-11</td><td>-23</td><td>-208</td><td>3</td><td>-3</td><td>15</td><td>-65</td><td>-</td><td>12</td></tr><tr><td>October</td><td>-828</td><td>-847</td><td>-667</td><td>-31</td><td>-90</td><td>-110</td><td>6</td><td>-3</td><td>50</td><td>-22</td><td>-</td><td>20</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">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 6/</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="14">Memorandum</td></tr><tr><td>1955</td><td>126</td><td>95 2/</td><td>10</td><td>*</td><td>1</td><td>13</td><td>-</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 2/</td><td>39</td><td>2</td><td>104</td><td>-67</td><td>1</td><td>-</td></tr><tr><td>1958</td><td>91</td><td>51</td><td>-</td><td>-</td><td>6</td><td>19</td><td>-</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 (Est.)</td><td>220</td><td>T.a.</td><td>-</td><td>-</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>-150</td><td>-</td><td>150</td><td>-300</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><tr><td>September</td><td>-27</td><td>-32</td><td>-</td><td>-</td><td>6</td><td>4</td><td>-7</td><td>1</td><td>117</td><td>-</td><td>-2</td><td>118</td><td>-</td><td>2</td></tr><tr><td>October</td><td>19</td><td>1</td><td>-</td><td>-</td><td>18</td><td>5</td><td>-6</td><td>2</td><td>-77</td><td>-</td><td>5</td><td>-82</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 l.
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 16).
5/ Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to $5,800 (par value). 6/ 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. 7/ Beginning with this period, figures include net transactions in guaranteed securities. See also footnote 6. * Less than $500,000. p. Preliminary. a. Not available
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="5">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 colspan="3">Public enterprise funds</th><th>Trust enterprise fund</th><th>Total not guaranteed</th><th>Total public and trust enterprise funds</th><th colspan="3">Public enterprise funds</th></tr><tr><th></th><th></th><th></th><th>Federal Farm Mortgage Corporation</th><th>Federal Housing Administration</th><th>Home Owners' Loan Corporation</th><th>D. C. stadium fund</th><th></th><th></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>-</td><td>*</td></tr><tr><td>1955</td><td>-602 3/</td><td>37</td><td>*</td><td>37</td><td>*</td><td>-</td><td>-639 3/</td><td>-639</td><td>-69</td><td>-570</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.)</td><td>-1,190</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>-</td><td>n.a.</td><td>n.a.</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><td>September</td><td>-108</td><td>-21</td><td>-</td><td>-21</td><td>*</td><td>-</td><td>-86</td><td>-86</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October</td><td>-33</td><td>-28</td><td>*</td><td>-28</td><td>*</td><td>-</td><td>-5</td><td>-5</td><td>-</td><td>*</td><td>-</td></tr></table>
Securities not guaranteed by the United States - (Continued)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Public enterprise funds - (Cont.)</th><th colspan="5">Government-sponsored enterprises</th></tr><tr><th>Tennessee Valley Authority</th><th>Federal intermediate credit banks 1/</th><th>Federal National Mortgage Association 4/</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>-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>-269</td><td>10</td><td>-226</td><td>-</td><td>-53</td></tr><tr><td>1956</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>-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>-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>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>-994</td><td>-723</td><td>-46</td><td>-284</td><td>-144</td><td>-250</td></tr><tr><td>1961 p</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.)</td><td>n.s.</td><td>-</td><td>n.a.</td><td>-361</td><td>-40</td><td>4</td><td>-200</td><td>-125</td></tr><tr><td>1961-January</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>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>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>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>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>-14</td><td>-219</td><td>20</td><td>-100</td><td>-62</td><td>-77</td></tr><tr><td>July</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>-22</td><td>-70</td><td>-3</td><td>-39</td><td>-28</td><td>*</td></tr><tr><td>September</td><td>-</td><td>-</td><td>-86</td><td>-305</td><td>*</td><td>-242</td><td>13</td><td>-76</td></tr><tr><td>October</td><td>-</td><td>-</td><td>-5</td><td>10</td><td>-61</td><td>*</td><td>67</td><td>3</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/ Secondary market operations.
* Less than $500,000. p Preliminary.
n.a. Not available
November 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 funds 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>320</td><td>-</td><td>75</td><td>40</td><td>-</td><td>13</td><td>448</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><tr><td>September</td><td>-</td><td>-</td><td>-</td><td>14</td><td>-</td><td>1</td><td>15</td></tr><tr><td>October</td><td>-</td><td>-</td><td>18</td><td>-</td><td>-</td><td>1</td><td>19</td></tr></table>
Source: See Table 1.
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.
2/ Includes temporary advances to the Railroad Unemployment Insurance Account in the Unemployment Trust Fund when the balance in the
account is insufficient to meet payments of benefits and refunds due or to become due.
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.
14
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7.- Federal Old-Age and Survivors Insurance Trust Fund
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="4">Expenditures other than investments</th></tr><tr><th></th><th>Total 2/</th><th>Appropriations 3/</th><th>Deposits by States 4/</th><th>Net earnings on investments</th><th>Payments from Railroad Retirement Account 5/</th><th>Total</th><th>Benefit payments</th><th>Refunds of taxes 6/</th></tr><tr><td>1937-52</td><td>24,000.1</td><td>21,819.9</td><td>26.6</td><td>2,138.2</td><td>-</td><td>7,400.1</td><td>6,856.0</td><td>-</td></tr><tr><td>1953</td><td>4,516.3</td><td>4,086.3</td><td>43.3</td><td>386.6</td><td>-</td><td>2,750.0</td><td>2,627.5</td><td>33.0</td></tr><tr><td>1954</td><td>5,080.3</td><td>4,537.3</td><td>92.4</td><td>438.9</td><td>1.6</td><td>3,404.8</td><td>3,275.6</td><td>40.5</td></tr><tr><td>1955</td><td>5,585.8</td><td>5,039.6</td><td>98.6</td><td>438.0</td><td>9.6</td><td>4,487.5</td><td>4,333.1</td><td>51.0</td></tr><tr><td>1956</td><td>7,003.4</td><td>6,336.8</td><td>171.6</td><td>487.5</td><td>7.4</td><td>5,551.3</td><td>5,360.8</td><td>66.0</td></tr><tr><td>1957</td><td>7,158.8</td><td>6,301.2</td><td>296.8</td><td>555.3</td><td>5.2</td><td>6,723.0</td><td>6,514.6</td><td>58.2</td></tr><tr><td>1958</td><td>7,899.9</td><td>6,870.4</td><td>472.1</td><td>555.4</td><td>1.6</td><td>8,116.2</td><td>7,874.9</td><td>75.5</td></tr><tr><td>1959</td><td>8,182.3</td><td>7,157.7</td><td>481.1</td><td>543.0</td><td>-</td><td>9,453.5</td><td>9,049.1</td><td>73.7</td></tr><tr><td>1960</td><td>10,439.4</td><td>9,271.9</td><td>650.3</td><td>516.4</td><td>-</td><td>11,152.1</td><td>10,269.7</td><td>79.4</td></tr><tr><td>1961 p.</td><td>11,910.1</td><td>10,623.9</td><td>755.4</td><td>530.2</td><td>-</td><td>11,838.5</td><td>11,184.5</td><td>86.1</td></tr><tr><td>1962 (Est.)</td><td>12,276.0</td><td>n.a.</td><td>n.a.</td><td>510.0</td><td>n.a.</td><td>13,420.0</td><td>n.a.</td><td>110.0</td></tr><tr><td>1961-January</td><td>289.7</td><td>282.0</td><td>5.4</td><td>2.4</td><td>-</td><td>947.2</td><td>920.7</td><td>-</td></tr><tr><td>February</td><td>1,488.6</td><td>1,327.6</td><td>144.6</td><td>16.4</td><td>-</td><td>1,429.4</td><td>940.9</td><td>86.1</td></tr><tr><td>March</td><td>1,189.8</td><td>1,173.0</td><td>2.5</td><td>14.2</td><td>-</td><td>987.0</td><td>961.4</td><td>-</td></tr><tr><td>April</td><td>684.5</td><td>657.6</td><td>6.8</td><td>20.0</td><td>-</td><td>1,000.3</td><td>977.7</td><td>-</td></tr><tr><td>May</td><td>1,971.5</td><td>1,784.3</td><td>176.7</td><td>10.5</td><td>-</td><td>994.3</td><td>971.4</td><td>-</td></tr><tr><td>June p.</td><td>1,273.5</td><td>1,025.2</td><td>42.6</td><td>205.7</td><td>-</td><td>1,343.5</td><td>985.8</td><td>-</td></tr><tr><td>July</td><td>286.5</td><td>266.0</td><td>17.7</td><td>2.8</td><td>-</td><td>995.0</td><td>974.0</td><td>-</td></tr><tr><td>August</td><td>1,819.3</td><td>1,589.3</td><td>216.1</td><td>13.9</td><td>-</td><td>1,030.3</td><td>1,001.3</td><td>-</td></tr><tr><td>September</td><td>776.7</td><td>760.0</td><td>3.3</td><td>20.0</td><td>-</td><td>1,011.0</td><td>1,024.4</td><td>-</td></tr><tr><td>1937 to date 2/ p.</td><td>94,659.7</td><td>84,659.7</td><td>3,319.5</td><td>6,626.3</td><td>35.4</td><td>73,953.2</td><td>70,345.4</td><td>563.5</td></tr></table><table><tr><th>Fiscal year or month</th><th>Payments to Railroad Retirement Account 5/</th><th>Construction 8/</th><th>Reimbursement to general fund 2/</th><th>Bureau of OASI 10</th><th>Reimbursement from Fed. Dis. Insurance Trust Fund 11/</th><th>Net increase, or decrease (-), in assets</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1937-52</td><td>-</td><td>-</td><td>291.1</td><td>252.9</td><td>-</td><td>16,600.0</td><td>16,600.0</td><td>16,273.1</td><td>327.1</td></tr><tr><td>1953</td><td>-</td><td>-</td><td>24.4</td><td>65.1</td><td>-</td><td>1,766.3</td><td>18,366.4</td><td>17,817.6</td><td>548.8</td></tr><tr><td>1954</td><td>-</td><td>-</td><td>26.0</td><td>62.7</td><td>-</td><td>1,675.5</td><td>20,02.6 7/</td><td>19,339.9</td><td>702.8</td></tr><tr><td>1955</td><td>-</td><td>.1</td><td>27.1</td><td>76.0</td><td>-</td><td>1,098.4</td><td>21,141.0</td><td>20,580.5</td><td>560.5</td></tr><tr><td>1956</td><td>-</td><td>.1</td><td>30.7</td><td>93.7</td><td>-</td><td>1,452.1</td><td>22,593.1</td><td>22,04.0</td><td>550.1</td></tr><tr><td>1957</td><td>-</td><td>.3</td><td>30.9</td><td>119.0</td><td>-</td><td>435.8</td><td>23,028.9</td><td>22,263.3</td><td>765.6</td></tr><tr><td>1958</td><td>124.4</td><td>1.6</td><td>34.5</td><td>138.9</td><td>-9.1</td><td>-216.7</td><td>22,812.6</td><td>21,764.2</td><td>1,048.4</td></tr><tr><td>1959</td><td>600.4</td><td>11.6</td><td>39.0</td><td>173.2</td><td>-17.5</td><td>-1,271.2</td><td>21,51.4</td><td>20,474.4</td><td>1,067.0</td></tr><tr><td>1960</td><td>331.7</td><td>12.5</td><td>33.4</td><td>179.3</td><td>-28.8</td><td>-712.7</td><td>20,828.7</td><td>19,748.8</td><td>1,079.9</td></tr><tr><td>1961 p.</td><td>331.7</td><td>1.8</td><td>43.8</td><td>223.7</td><td>-33.2</td><td>71.6</td><td>20,900.3</td><td>19,523.5</td><td>1,376.8</td></tr><tr><td>1962 (Est.)</td><td>n.a.</td><td>n.a.</td><td>45.0</td><td>n.a.</td><td>n.a.</td><td>-1,144.0</td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td>-</td><td>.1</td><td>3.5</td><td>22.9</td><td>-</td><td>-657.5</td><td>19,667.0</td><td>18,688.6</td><td>978.4</td></tr><tr><td>February</td><td>-</td><td>.1</td><td>3.5</td><td>18.6</td><td>-</td><td>439.2</td><td>20,106.2</td><td>18,585.0</td><td>1,521.2</td></tr><tr><td>March</td><td>-</td><td>.1</td><td>3.5</td><td>22.0</td><td>-</td><td>202.8</td><td>20,309.0</td><td>19,242.9</td><td>1,066.1</td></tr><tr><td>April</td><td>-</td><td>.1</td><td>3.4</td><td>19.1</td><td>-</td><td>-315.9</td><td>19,993.1</td><td>18,919.8</td><td>1,073.2</td></tr><tr><td>May</td><td>-</td><td>.1</td><td>3.8</td><td>19.0</td><td>-</td><td>977.3</td><td>20,970.4</td><td>19,757.4</td><td>1,213.0</td></tr><tr><td>June p.</td><td>331.7</td><td>.3</td><td>3.4</td><td>22.2</td><td>-</td><td>-70.0</td><td>20,900.3</td><td>19,523.5</td><td>1,376.8</td></tr><tr><td>July</td><td>-</td><td>-</td><td>3.6</td><td>17.5</td><td>-</td><td>-708.5</td><td>20,191.8</td><td>18,987.2</td><td>1,204.7</td></tr><tr><td>August</td><td>-</td><td>.3</td><td>3.6</td><td>25.2</td><td>-</td><td>789.0</td><td>20,980.8</td><td>19,761.4</td><td>1,219.5</td></tr><tr><td>September</td><td>-</td><td>.3</td><td>3.6</td><td>22.8</td><td>-</td><td>-274.3</td><td>20,706.5</td><td>19,408.1</td><td>1,298.4</td></tr><tr><td>1937 to date 2/ p.</td><td>1,056.6</td><td>28.6</td><td>597.4</td><td>1,450.3</td><td>-88.6</td><td>20,706.5</td><td>20,706.5</td><td>19,408.1</td><td>1,298.4</td></tr></table>
Source: See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Total includes: $15.4 million transferred from general fund for administrative and other costs of benefits payable to survivors of certain World War II veterans (60 Stat. 979 and 64 Stat. 512); beginning November 1951, small amounts in the nature of recoveries from expenditures incidental to the operations; and beginning 1958, interest payments from Federal Disability Insurance Trust Fund, and sale of waste paper.
3/ For basis, see "Budget Receipts and Expenditures," Table 1, footnote 8.
4/ To cover employees of States and their political subdivisions, under the Social Security Act Amendments of 1950 (42 U.S.C. 418).
1/ See Table 9.
6/ Reimbursement to the general fund pursuant to the Social Security Act Amendments of 1950 and 1956 (42 U.S.C. 401 (g) (2)).
7/ Includes adjustments to monthly statement basis.
8/ Construction and equipment of office buildings for the Bureau (Public Law 170, approved July 31, 1953 - 67 Stat. 254).
9/ Under the Social Security Act, as amended (42 U.S.C. 401 (g) (1)), for administration of Titles II and VIII of that act and related parts of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See also footnote 10.
10/ Salaries and expenses of the Bureau of Old-Age and Survivors Insurance are paid directly from the trust fund beginning 1947, under provisions of annual appropriation acts until passage of the Social Security Act Amendments of 1956 (42 U.S.C. 401 (g) (1)); previously these expenses were included in reimbursements to the general fund.
11/ See Table 8. This reimbursement is treated as a reduction in administrative expenses paid from the Federal Old-Age and Survivors Insurance Trust Fund. Figures exclude interest (see footnote 2).
* Less than $50,000.
p Preliminary. n.s. Not available.
November 1961
15
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Federal Disability Insurance Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="5">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>Appropriations 1/</th><th>Deposits by States 2/</th><th>Payments from Railroad Retirement Account 3/</th><th>Interest on investments</th><th>Total</th><th>Benefit payments</th><th>Refunds of taxes 4/</th><th>Payments to Railroad Retirement Account 2/</th><th>Administrative: Reimbursement to: FOASI Trust Fund 5/</th><th>General fund 6/</th><th>Total</th><th>Investments</th><th>Unexpended balance 7/</th></tr><tr><td>1957.</td><td>338.6</td><td>333.3</td><td>3.9</td><td>-</td><td>1.4</td><td>1.3</td><td>168.4</td><td>-</td><td>-</td><td>-</td><td>1.3</td><td>337.3</td><td>337.3</td><td>325.4</td><td>11.9</td></tr><tr><td>1958.</td><td>942.5</td><td>862.9</td><td>63.5</td><td>-</td><td>16.1</td><td>180.8</td><td>339.2</td><td>9.8</td><td>-</td><td>9.4</td><td>3.0</td><td>761.7</td><td>1,099.0</td><td>1,054.5</td><td>44.5</td></tr><tr><td>1959.</td><td>938.5</td><td>846.7</td><td>58.1</td><td>-</td><td>33.7</td><td>370.8</td><td>528.3</td><td>9.8</td><td>-</td><td>18.0</td><td>3.9</td><td>567.6</td><td>1,666.6</td><td>1,606.9</td><td>59.7</td></tr><tr><td>1960.</td><td>1,071.3</td><td>938.7</td><td>58.1</td><td>26.8</td><td>47.6</td><td>570.7</td><td>755.8</td><td>9.5</td><td>5.1</td><td>29.5</td><td>3.1</td><td>500.6</td><td>2,167.2</td><td>2,100.9</td><td>66.4</td></tr><tr><td>1961 p.</td><td>1,093.0</td><td>962.8</td><td>68.7</td><td>-</td><td>61.5</td><td>704.0</td><td>n.a.</td><td>10.0</td><td>n.a.</td><td>34.1</td><td>3.1</td><td>337.2</td><td>2,504.4</td><td>2,385.6</td><td>118.8</td></tr><tr><td>1962 (Est.)</td><td>1,136.0</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>68.0</td><td>994.0</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>4.0</td><td>142.0</td><td></td><td></td><td></td></tr><tr><td>1961-January.</td><td>21.9</td><td>21.6</td><td>1.1</td><td>-</td><td>.2</td><td>61.6</td><td>61.4</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-39.7</td><td>2,249.1</td><td>2,164.1</td><td>85.0</td></tr><tr><td>February.</td><td>134.6</td><td>120.1</td><td>13.3</td><td>-</td><td>1.2</td><td>72.4</td><td>62.6</td><td>9.5</td><td>-</td><td>-</td><td>.3</td><td>62.3</td><td>2,311.4</td><td>2,178.7</td><td>132.7</td></tr><tr><td>March.</td><td>112.8</td><td>112.2</td><td>.4</td><td>-</td><td>.2</td><td>68.4</td><td>68.2</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>44.4</td><td>2,355.7</td><td>2,269.9</td><td>85.8</td></tr><tr><td>April.</td><td>62.9</td><td>62.3</td><td>.2</td><td>-</td><td>.5</td><td>70.9</td><td>70.6</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-7.9</td><td>2,347.8</td><td>2,264.6</td><td>83.2</td></tr><tr><td>May.</td><td>173.3</td><td>156.4</td><td>16.0</td><td>-</td><td>.8</td><td>73.3</td><td>73.0</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>100.0</td><td>2,447.8</td><td>2,337.4</td><td>110.4</td></tr><tr><td>June p.</td><td>135.7</td><td>101.8</td><td>4.5</td><td>-</td><td>29.3</td><td>79.1</td><td>73.7</td><td>-</td><td>5.1</td><td>-</td><td>.3</td><td>56.6</td><td>2,504.4</td><td>2,385.6</td><td>118.8</td></tr><tr><td>July.</td><td>24.8</td><td>24.6</td><td>-</td><td>-</td><td>.2</td><td>76.9</td><td>76.6</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-52.1</td><td>2,452.3</td><td>2,363.9</td><td>88.4</td></tr><tr><td>August.</td><td>164.6</td><td>147.0</td><td>16.5</td><td>-</td><td>1.1</td><td>78.4</td><td>78.1</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>86.3</td><td>2,538.5</td><td>2,436.2</td><td>102.4</td></tr><tr><td>September.</td><td>73.4</td><td>68.5</td><td>.2</td><td>-</td><td>.7</td><td>79.0</td><td>78.8</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-5.6</td><td>2,532.9</td><td>2,425.0</td><td>107.9</td></tr><tr><td>1957 to date p.</td><td>4,646.7</td><td>4,184.4</td><td>273.1</td><td>26.8</td><td>162.3</td><td>2,113.8</td><td>1,973.4</td><td>29.0</td><td>5.1</td><td>91.0</td><td>15.3</td><td>2,532.9</td><td>12,532.9</td><td>2,425.0</td><td>107.9</td></tr></table>
Source: See Table 1. 1/ For basis, see "Budget Receipts and Expenditures," Table 1, footnote 9. 2/ To cover employees of States and their political subdivisions under the Social Security Act (42 U.S.C. 418). 3/ See Table 9. 4/ Reimbursement to general fund (42 U.S.C. 401 (g) (2)). 5/ For appropriate share of administrative expenses paid from the
trust fund during the preceding fiscal year, as determined by the Secretary of Health, Education, and Welfare (42 U.S.C. 401 (g) (1)). Payments include interest. For amounts paid from the general fund (42 U.S.C. 401 (g) (1)). Includes unappropriated receipts. Preliminary. Not available.
Table 9.- Railroad Retirement Account
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="5">Expenditures other than investments</th><th>Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th></th><th>Total</th><th>Appropriations 1/</th><th>Interest on investments</th><th>From FOASI and Fed. Dis. Ins. Tr.Fds. 2/</th><th>From Unempl. Trust Fund 3/</th><th>Total</th><th>Benefit payments</th><th>To FOASI and Fed. Dis. Ins Tr.Fds.2/</th><th>To Unempl. Trust Fund 2/</th><th>Administrative expenses 4/</th><th></th><th>Total</th><th>Investments</th><th>Unexpended balance 5/</th></tr><tr><td>1936-52</td><td>5,717.2</td><td>5,329.6</td><td>387.6</td><td>-</td><td>-</td><td>2,794.3</td><td>2,778.8</td><td>-</td><td>-</td><td>15.5</td><td>2,922.9</td><td>2,922.9</td><td>2,863.1</td><td>59.8</td></tr><tr><td>1953</td><td>742.3</td><td>653.0</td><td>89.3</td><td>-</td><td>-</td><td>465.1</td><td>458.9</td><td>-</td><td>-</td><td>6.1</td><td>277.2</td><td>3,201.9</td><td>3,142.8</td><td>59.1</td></tr><tr><td>1954</td><td>717.9</td><td>619.2</td><td>98.7</td><td>-</td><td>-</td><td>502.0</td><td>484.6</td><td>11.6</td><td>-</td><td>5.8</td><td>215.9</td><td>3,417.8</td><td>3,345.3</td><td>72.5</td></tr><tr><td>1955</td><td>699.9</td><td>598.9</td><td>101.0</td><td>-</td><td>-</td><td>585.1</td><td>569.3</td><td>9.6</td><td>-</td><td>6.3</td><td>114.8</td><td>3,532.5</td><td>3,485.9</td><td>46.6</td></tr><tr><td>1956 8/</td><td>739.3</td><td>634.3</td><td>105.0</td><td>-</td><td>-</td><td>610.6</td><td>596.4</td><td>7.4</td><td>-</td><td>6.8</td><td>128.6</td><td>3,661.2</td><td>3,606.5</td><td>54.7</td></tr><tr><td>1957</td><td>722.6</td><td>615.9</td><td>106.7</td><td>-</td><td>-</td><td>682.0</td><td>669.7</td><td>5.2</td><td>-</td><td>7.1</td><td>40.5</td><td>3,701.7</td><td>3,642.1</td><td>59.7</td></tr><tr><td>1958</td><td>695.2</td><td>574.9</td><td>120.3</td><td>-</td><td>-</td><td>729.7</td><td>719.5</td><td>1.6</td><td>-</td><td>8.6</td><td>-34.6</td><td>3,667.1</td><td>3,609.0</td><td>58.2</td></tr><tr><td>1959</td><td>758.3</td><td>525.2</td><td>108.6</td><td>124.4</td><td>-</td><td>777.6</td><td>768.2</td><td>-</td><td>-</td><td>9.4</td><td>-19.3</td><td>3,647.8</td><td>3,573.6</td><td>74.2</td></tr><tr><td>1960</td><td>1,403.4</td><td>606.9</td><td>110.0</td><td>600.4</td><td>86.1</td><td>1,136.0</td><td>916.4</td><td>26.8</td><td>183.7</td><td>9.0</td><td>267.4</td><td>3,915.3</td><td>3,837.8</td><td>77.5</td></tr><tr><td>1961 p</td><td>1,050.7</td><td>570.6</td><td>110.9</td><td>336.9</td><td>32.2</td><td>1,124.0</td><td>981.8</td><td>-</td><td>132.3</td><td>9.8</td><td>-73.3</td><td>3,842.0</td><td>3,759.5</td><td>82.5</td></tr><tr><td>1962 (Est.)</td><td>1,070.0</td><td>n.a.</td><td>120.0</td><td>n.a.</td><td>n.a.</td><td>1,115.0</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>-45.0</td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td>14.6</td><td>12.8</td><td>1.7</td><td>-</td><td>-</td><td>100.4</td><td>82.1</td><td>-</td><td>17.4</td><td>.9</td><td>-85.8</td><td>3,598.5</td><td>3,510.2</td><td>88.3</td></tr><tr><td>February</td><td>30.8</td><td>77.1</td><td>3.6</td><td>-</td><td>-</td><td>103.4</td><td>82.3</td><td>-</td><td>20.4</td><td>.7</td><td>-22.6</td><td>3,575.8</td><td>3,481.2</td><td>94.7</td></tr><tr><td>March</td><td>49.9</td><td>48.0</td><td>2.0</td><td>-</td><td>-</td><td>87.2</td><td>82.8</td><td>-</td><td>3.5</td><td>.9</td><td>-37.2</td><td>3,538.6</td><td>3,459.0</td><td>83.6</td></tr><tr><td>April</td><td>17.3</td><td>14.2</td><td>3.1</td><td>-</td><td>-</td><td>93.5</td><td>83.3</td><td>-</td><td>9.6</td><td>.7</td><td>-76.3</td><td>3,462.4</td><td>3,368.7</td><td>93.7</td></tr><tr><td>May</td><td>82.1</td><td>77.3</td><td>4.9</td><td>-</td><td>-</td><td>97.2</td><td>83.2</td><td>-</td><td>13.3</td><td>.7</td><td>-15.1</td><td>3,385.3</td><td>3,354.7</td><td>92.6</td></tr><tr><td>June p</td><td>479.4</td><td>44.4</td><td>83.3</td><td>336.9</td><td>12.7</td><td>84.7</td><td>83.6</td><td>-</td><td>-</td><td>1.1</td><td>394.7</td><td>3,842.0</td><td>3,759.5</td><td>82.5</td></tr><tr><td>July</td><td>14.5</td><td>14.3</td><td>.2</td><td>-</td><td>-</td><td>94.0</td><td>82.9</td><td>-</td><td>10.6</td><td>.6</td><td>-79.5</td><td>3,762.4</td><td>3,673.7</td><td>88.8</td></tr><tr><td>August</td><td>86.3</td><td>84.2</td><td>2.1</td><td>-</td><td>-</td><td>103.0</td><td>83.2</td><td>-</td><td>19.0</td><td>.8</td><td>-16.7</td><td>3,745.7</td><td>3,654.2</td><td>91.5</td></tr><tr><td>September</td><td>69.9</td><td>55.3</td><td>.7</td><td>-</td><td>13.9</td><td>85.0</td><td>84.3</td><td>-</td><td>-</td><td>.7</td><td>-15.1</td><td>3,730.6</td><td>3,631.3</td><td>99.3</td></tr><tr><td>1936 to date 7/ p</td><td>13,419.1</td><td>10,884.0</td><td>1,341.0</td><td>1,061.8</td><td>132.3</td><td>9,688.5</td><td>9,194.1</td><td>62.2</td><td>345.7</td><td>86.4</td><td>3,730.6</td><td>3,730.6</td><td>3,631.3</td><td>99.3</td></tr></table>
Source: See Table 1. 1/ Includes the Government's contribution for creditable military service (45 U.S.C. 228c - 1 (n)) until payment was completed in 1954. Beginning 1952, appropriations of receipts are equal to the amount of taxes deposited in the Treasury (less refunds) under the Railroad Retirement Tax Act, and transfers are made currently subject to later adjustments (see Budget Receipts and Expenditures "Table 1). Beginning 1954, includes unappropriated transfers of tax receipts. 2/ Payments are made between the Railroad Retirement Account and the Federal Old-Age and Survivors and the 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 in social security coverage (45 U.S.C. 228e (k)). See Tables 7 and 8.
2/ See Table IO. Receipts include repayment and interest.
4/ Paid from the trust fund beginning 1950 (63 Stat. 297).
5/ Includes unappropriated receipts beginning fiscal year 1950.
6/ Appropriation reduced by $18.7 million in August 1954 and this amount transferred to surplus (67 Stat. 245).
2/ Includes adjustments to monthly statement basis.
3/ Includes adjustment due to reporting change to a collection basis.
p Preliminary. n.a. Not available.
16
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 10.- Unemployment Trust Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="7">Receipts</th><th colspan="7">Expenditures other than investments</th></tr><tr><th>Total</th><th>State accounts 1/</th><th>Employment Security Admin. Account 2/</th><th>Federal Unemployment Account 4/</th><th>Federal Extended Compensation Account 5/</th><th>Deposits by R. R. Retirement Board 7/</th><th>Railroad Unemployment Insurance Account 6/</th><th>Advances from - R. R. Retirement Account 8/</th><th>Transfers from admin-istration fund 9/</th><th>Admin. fund 10/</th><th>Interest and profits on investments</th><th>Total</th><th>State accounts 1/</th><th>Employment Security Admin. Account 2/</th></tr><tr><th></th><th>Deposits by States</th><th>Approp-riations</th><th>Advances from general fund 3/</th><th></th><th></th><th></th><th>Deposits by R. R. Retirement Board</th><th>General fund</th><th>Deposits by R. R. Retirement Board</th><th></th><th>Withdrawals by States</th><th>Grants to States</th></tr><tr><td>1936-52....</td><td>19,209.9 11/16,447.3</td><td>1,593.8 1,371.1</td><td>-</td><td>-</td><td>-</td><td>917.0</td><td>-</td><td>-</td><td>85.3</td><td>-</td><td>1,653.1</td><td>10,535.9 11/ 9,920.9</td><td>912.6</td><td>-</td></tr><tr><td>1951....</td><td>1,492.5</td><td>1,246.0</td><td>-</td><td>-</td><td>64.3</td><td>15.0</td><td>-</td><td>-</td><td>4.2</td><td>-</td><td>202.8</td><td>1,009.8</td><td>1,604.8</td><td>-</td></tr><tr><td>1954....</td><td>1,425.4</td><td>1,146.2</td><td>-</td><td>-</td><td>167.8</td><td>17.8</td><td>-</td><td>-</td><td>1.6</td><td>-</td><td>224.4</td><td>1,744.9</td><td>1,759.5</td><td>-</td></tr><tr><td>1955....</td><td>1,728.1</td><td>1,330.1</td><td>-</td><td>-</td><td>-</td><td>14.2</td><td>-</td><td>-</td><td>3.6</td><td>-</td><td>199.1</td><td>1,965.4</td><td>1,287.0</td><td>-</td></tr><tr><td>1957....</td><td>1,912.0</td><td>1,541.7</td><td>-</td><td>-</td><td>71.2</td><td>71.1</td><td>-</td><td>-</td><td>3.2</td><td>-</td><td>224.8</td><td>1,643.9</td><td>1,510.7</td><td>-</td></tr><tr><td>1958....</td><td>1,855.5</td><td>1,500.7</td><td>-</td><td>-</td><td>33.5</td><td>90.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>230.9</td><td>3,148.0</td><td>2,926.4</td><td>-</td></tr><tr><td>1959....</td><td>1,997.4</td><td>1,700.6</td><td>-</td><td>-</td><td>2.6</td><td>102.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>186.9</td><td>3,053.9</td><td>2,796.9</td><td>-</td></tr><tr><td>1960....</td><td>2,703.3</td><td>2,167.0</td><td>-</td><td>-</td><td>*</td><td>153.0</td><td>183.7</td><td>-</td><td>-</td><td>-</td><td>188.1</td><td>2,736.4</td><td>2,366.3</td><td>-</td></tr><tr><td>1961 p....</td><td>3,804.0</td><td>2,396.7</td><td>346.6</td><td>51.5</td><td>*</td><td>498.1</td><td>152.7</td><td>132.3</td><td>13.0</td><td>-</td><td>204.5</td><td>4,736.1</td><td>3,558.1</td><td>375.0</td></tr><tr><td>1962 (Est.)</td><td>3,792.0</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>214.0</td><td>3,815.0</td><td>n.a.</td><td>n.a.</td></tr><tr><td>1961-Jan....</td><td>126.2</td><td>74.2</td><td>33.3</td><td>-</td><td>-</td><td>.7</td><td>17.4</td><td>-</td><td>-</td><td>*</td><td>.5</td><td>447.5</td><td>417.4</td><td>-</td></tr><tr><td>Feb....</td><td>544.4</td><td>227.3</td><td>289.1</td><td>-</td><td>-</td><td>5.4</td><td>20.4</td><td>-</td><td>-</td><td>.3</td><td>1.9</td><td>426.4</td><td>399.8</td><td>-</td></tr><tr><td>Mar....</td><td>76.3</td><td>22.2</td><td>14.7</td><td>-</td><td>-</td><td>31.7</td><td>3.5</td><td>-</td><td>-</td><td>1.8</td><td>2.5</td><td>504.3</td><td>475.2</td><td>-</td></tr><tr><td>Apr....</td><td>289.6</td><td>135.7</td><td>1.9</td><td>12/</td><td>-</td><td>120.0</td><td>7.4</td><td>8.0</td><td>-</td><td>.1</td><td>15.1</td><td>770.2</td><td>340.3</td><td>287.1</td></tr><tr><td>May....</td><td>867.4</td><td>723.2</td><td>2.3</td><td>8.0</td><td>-</td><td>110.0</td><td>4.2</td><td>15.4</td><td>-</td><td>.2</td><td>4.1</td><td>535.4</td><td>359.7</td><td>49.3</td></tr><tr><td>June p</td><td>470.9</td><td>47.8</td><td>1.1</td><td>43.5</td><td>*</td><td>268.1</td><td>30.6</td><td>5.0</td><td>-</td><td>1.7</td><td>73.0</td><td>584.9</td><td>242.5</td><td>38.5</td></tr><tr><td>July....</td><td>206.9</td><td>157.1</td><td>.7</td><td>30.6</td><td>-</td><td>-</td><td>.7</td><td>10.6</td><td>7.0</td><td>-</td><td>.1</td><td>249.3</td><td>197.8</td><td>33.7</td></tr><tr><td>Aug....</td><td>682.7</td><td>589.8</td><td>.9</td><td>30.3</td><td>-</td><td>29.8</td><td>10.3</td><td>19.0</td><td>-</td><td>.6</td><td>2.0</td><td>315.5</td><td>237.4</td><td>30.0</td></tr><tr><td>Sept....</td><td>78.1</td><td>15.7</td><td>.6</td><td>34.0</td><td>-</td><td>-</td><td>24.9</td><td>-</td><td>-</td><td>1.4</td><td>1.5</td><td>332.1</td><td>236.7</td><td>32.4</td></tr><tr><td>1936 to date p 13/</td><td>38,690.7</td><td>31,611.1</td><td>348.8</td><td>146.4</td><td>339.3</td><td>528.0</td><td>1,596.9</td><td>345.7</td><td>20.0</td><td>102.9</td><td>27.4</td><td>3,517.2</td><td>32,876.4</td><td>29,327.5</td><td>471.1</td></tr><tr><th colspan="16">Expenditures other than investments - (Continued)</th></tr><tr><th>Fiscal year or month</th><th colspan="4">Employment security program - (Continued)</th><th colspan="4">Railroad unemployment insurance</th><th colspan="2">Net increase, or decrease (-), in assets</th><th colspan="2">Assets, end of period</th></tr><tr><th></th><th>Payments to general fund</th><th>Employment Security Admin. Account - (Continued)</th><th>Federal Extended Compensation Account 5/</th><th>Temporary extended benefit payments</th><th>Reimbursement to State accounts 1/</th><th>Benefit payments</th><th>Temporary extended benefit payments</th><th>Repayment of advances to R. R. Retirement Account</th><th>Principal Interest</th><th>Admin. fund 10/ Administrative expenses</th><th>Total</th><th>Investments</th><th>Un-expended balance</th></tr><tr><td>1936-52....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>507.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8,673.9</td><td>8,673.9</td><td>8,647.1</td><td>26.9</td></tr><tr><td>1953....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>97.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>584.0</td><td>9,246.7</td><td>9,237.0</td><td>9.7</td></tr><tr><td>1954....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>140.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-252.4</td><td>8,994.3</td><td>8,989.0</td><td>5.4</td></tr><tr><td>1955....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>205.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-540.0</td><td>8,454.3</td><td>8,443.8</td><td>10.5</td></tr><tr><td>1956....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>105.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>335.5</td><td>8,789.8</td><td>8,701.5</td><td>88.3</td></tr><tr><td>1957....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>133.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>268.2</td><td>9,057.9</td><td>8,975.7</td><td>82.3</td></tr><tr><td>1958....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>221.6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,292.5</td><td>7,765.4</td><td>7,720.6</td><td>44.8</td></tr><tr><td>1959....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>247.7</td><td>-</td><td>-</td><td>-</td><td>9.3</td><td>-1,056.5</td><td>6,716.2</td><td>6,709.4</td><td>6.7</td></tr><tr><td>1960....</td><td>5.1</td><td>2.2</td><td>2.9</td><td>7.7</td><td>481.2</td><td>275.0</td><td>10.0</td><td>85.2</td><td>.9</td><td>9.1</td><td>-33.1</td><td>6,683.0</td><td>6,668.5</td><td>14.5</td></tr><tr><td>1961 p....</td><td>5.1</td><td>2.2</td><td>2.9</td><td>7.7</td><td>481.2</td><td>251.7</td><td>10.0</td><td>31.2</td><td>1.0</td><td>9.9</td><td>-932.1</td><td>5,750.9</td><td>5,716.5</td><td>34.4</td></tr><tr><td>1962 (Est.)</td><td>5.0</td><td>3.0</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>-23.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1961-Jan....</td><td>1.5</td><td>.2</td><td>-</td><td>-</td><td>.7</td><td>27.9</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>-321.3</td><td>6,323.5</td><td>6,249.6</td><td>74.0</td></tr><tr><td>Feb....</td><td>1.5</td><td>.2</td><td>-</td><td>-</td><td>.7</td><td>23.8</td><td>-</td><td>-</td><td>-</td><td>1.1</td><td>118.0</td><td>6,441.5</td><td>6,363.8</td><td>77.7</td></tr><tr><td>Mar....</td><td>1.5</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>26.8</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>-428.0</td><td>6,013.5</td><td>5,989.3</td><td>24.1</td></tr><tr><td>Apr....</td><td>.1</td><td>.2</td><td>-</td><td>8.1</td><td>114.7</td><td>19.1</td><td>.3</td><td>-</td><td>-</td><td>.3</td><td>-480.7</td><td>5,532.8</td><td>5,433.8</td><td>99.0</td></tr><tr><td>May....</td><td>.1</td><td>.3</td><td>-</td><td>-1.1</td><td>101.4</td><td>18.9</td><td>5.2</td><td>-</td><td>-</td><td>1.5</td><td>332.1</td><td>5,864.9</td><td>5,840.5</td><td>24.3</td></tr><tr><td>June p</td><td>.1</td><td>.3</td><td>2.9</td><td>.7</td><td>265.0</td><td>16.6</td><td>4.6</td><td>12.2</td><td>.6</td><td>.9</td><td>-114.0</td><td>5,750.9</td><td>5,716.5</td><td>34.4</td></tr><tr><td>July....</td><td>.1</td><td>.2</td><td>-</td><td>1.0</td><td>-</td><td>13.5</td><td>2.2</td><td>-</td><td>-</td><td>.8</td><td>-42.5</td><td>5,708.4</td><td>5,589.0</td><td>119.4</td></tr><tr><td>Aug....</td><td>.1</td><td>.3</td><td>-</td><td>.9</td><td>15.4</td><td>21.4</td><td>.6</td><td>-</td><td>-</td><td>1.2</td><td>367.2</td><td>6,075.6</td><td>6,028.2</td><td>47.4</td></tr><tr><td>Sept....</td><td>.1</td><td>.3</td><td>-</td><td>.7</td><td>25.1</td><td>18.5</td><td>.3</td><td>13.3</td><td>.7</td><td>.5</td><td>-254.0</td><td>5,821.6</td><td>5,819.8</td><td>1.8</td></tr><tr><td>1936 to date p 13/</td><td>5.5</td><td>3.0</td><td>2.9</td><td>10.4</td><td>521.6</td><td>11.9</td><td>2,239.1</td><td>13.0</td><td>129.7</td><td>2.6</td><td>30.7</td><td>5,814.4</td><td>5,821.6</td><td>5,819.8</td><td>1.8</td></tr></table>
Source: Table 1.
(Footnotes on following page)
November 1961
17
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 11.- National Service Life Insurance Fund
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures other than investments</th><th rowspan="2">Net increase, or decrease (-), in assets</th><th colspan="3">Assets, end of period</th></tr><tr><th>Total</th><th>Premiums and other receipts</th><th>Transfers from general fund</th><th>Interest on investments</th><th>Total</th><th>Benefits and refunds</th><th>Special dividends</th><th>Total</th><th>Investments</th><th>Unexpended balance</th></tr><tr><td>1941-52</td><td>11,229.0</td><td>5,511.1</td><td>4,406.9</td><td>1,311.1</td><td>5,973.4</td><td>2,577.3</td><td>3,396.0</td><td>5,255.6</td><td>5,255.6</td><td>5,190.6</td><td>65.0</td></tr><tr><td>1953</td><td>636.6</td><td>397.7</td><td>84.0</td><td>154.9</td><td>588.0</td><td>434.2</td><td>153.8</td><td>48.7</td><td>5,304.3</td><td>5,249.5</td><td>54.8</td></tr><tr><td>1954</td><td>619.3</td><td>390.8</td><td>72.1</td><td>156.4</td><td>622.6</td><td>444.7</td><td>177.8</td><td>-3.3</td><td>5,301.0</td><td>5,272.5</td><td>28.5</td></tr><tr><td>1955</td><td>590.5</td><td>405.5</td><td>27.8</td><td>157.2</td><td>537.8</td><td>382.9</td><td>154.9</td><td>52.6</td><td>5,353.7</td><td>5,345.6</td><td>8.0</td></tr><tr><td>1956</td><td>649.3</td><td>410.2</td><td>78.4</td><td>160.7</td><td>512.0</td><td>512.0</td><td></td><td>137.3</td><td>5,491.0</td><td>5,481.1</td><td>9.9</td></tr><tr><td>1957</td><td>607.5</td><td>424.8</td><td>19.3</td><td>163.4</td><td>515.0</td><td>515.0</td><td></td><td>92.5</td><td>5,583.5</td><td>5,570.3</td><td>13.2</td></tr><tr><td>1958</td><td>639.8</td><td>459.1</td><td>14.4</td><td>166.2</td><td>543.6</td><td>543.6</td><td></td><td>96.2</td><td>5,679.7</td><td>5,665.3</td><td>14.4</td></tr><tr><td>1959</td><td>634.3</td><td>453.4</td><td>12.2</td><td>168.8</td><td>562.1</td><td>562.1</td><td></td><td>72.3</td><td>5,751.9</td><td>5,741.5</td><td>10.4</td></tr><tr><td>1960</td><td>642.6</td><td>459.9</td><td>10.3</td><td>172.4</td><td>581.6</td><td>581.6</td><td></td><td>61.0</td><td>5,813.0</td><td>5,803.1</td><td>9.9</td></tr><tr><td>1961 p.</td><td>669.1</td><td>485.5</td><td>8.2</td><td>175.4</td><td>709.3</td><td>709.3</td><td></td><td>-40.2</td><td>5,772.8</td><td>5,759.4</td><td>13.4</td></tr><tr><td>1962 (Est.)</td><td>692.0</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>649.0</td><td>649.0</td><td></td><td>43.0</td><td></td><td></td><td></td></tr><tr><td>1961-January</td><td>47.5</td><td>47.0</td><td>.4</td><td>.1</td><td>49.9</td><td>49.9</td><td></td><td>-2.4</td><td>5,768.7</td><td>5,754.1</td><td>14.6</td></tr><tr><td>February</td><td>42.0</td><td>39.2</td><td>.8</td><td>2.0</td><td>83.2</td><td>83.2</td><td></td><td>-41.2</td><td>5,727.5</td><td>5,650.1</td><td>77.4</td></tr><tr><td>March</td><td>46.8</td><td>45.2</td><td>.8</td><td>.7</td><td>149.1</td><td>149.1</td><td></td><td>-102.3</td><td>5,625.2</td><td>5,618.6</td><td>6.6</td></tr><tr><td>April</td><td>38.5</td><td>37.7</td><td>.7</td><td>.1</td><td>39.7</td><td>39.7</td><td></td><td>-1.2</td><td>5,624.0</td><td>5,619.6</td><td>4.5</td></tr><tr><td>May</td><td>41.8</td><td>41.0</td><td>.8</td><td>.1</td><td>38.0</td><td>38.0</td><td></td><td>3.8</td><td>5,627.9</td><td>5,621.6</td><td>6.3</td></tr><tr><td>June p.</td><td>216.7</td><td>43.9</td><td>.7</td><td>172.1</td><td>71.8</td><td>71.8</td><td></td><td>144.9</td><td>5,772.8</td><td>5,759.4</td><td>13.4</td></tr><tr><td>July</td><td>41.5</td><td>40.7</td><td>.7</td><td>.1</td><td>141.2</td><td>141.2</td><td></td><td>-99.7</td><td>5,673.0</td><td>5,665.4</td><td>7.7</td></tr><tr><td>August</td><td>41.2</td><td>40.4</td><td>.8</td><td>*</td><td>38.8</td><td>38.8</td><td></td><td>2.4</td><td>5,675.4</td><td>5,667.4</td><td>8.0</td></tr><tr><td>September</td><td>36.7</td><td>36.0</td><td>.7</td><td>*</td><td>34.4</td><td>34.4</td><td></td><td>2.3</td><td>5,677.8</td><td>5,670.4</td><td>7.4</td></tr><tr><td>1941 to date p.</td><td>17,037.4</td><td>9,515.0</td><td>4,735.9</td><td>2,786.5</td><td>11,359.6</td><td>11,359.6</td><td></td><td>5,677.8</td><td>5,677.8</td><td>5,670.4</td><td>7.4</td></tr></table>
Source: See Table 1. Note: This fund was established by the National Service Life Insurance Act of 1940 (38 U.S.C. 805).
* Less than $50,000. p Preliminary. n.a. Not available.
Footnotes to Table 10.- (Continued)
1/ State unemployment funds; used for benefits payments mainly. Beginning August 1961, withdrawals by States have been reduced by reimbursements to State accounts from Federal Extended Compensation Account.
2/ Established by the Employment Security Act of 1960, approved September 13, 1960 (74 Stat. 970), into which are deposited tax receipts transferred in accordance with the act (see "Budget Receipts and Expenditures," Table 1, footnote 11) and from which are paid the administrative expenses of the employment security program and reimbursement for tax refunds. Previously the corresponding amounts were included, respectively, in budget receipts and budget expenditures, and only the excess of receipts over expenditures, if any, was transferred to the trust account by appropriation. Receipts consist of appropriated and unappropriated transfers of tax collections. The Federal unemployment tax allows to the taxpayer credit for contributions to State unemployment funds up to 90 percent of the tax.
2/ Net of repayments.
4/ Excess of collections from Federal unemployment tax over expenditures for benefits and administrative expenses each year is deposited in this account to maintain a reserve of $200 million available for loans to States when needed to replenish the balances in their accounts in the trust fund. Beginning 1961, these transfers are from the administration fund in the trust account; previously they were from the general fund. Any remaining excess is credited to the State accounts (42 U.S.C. 1101 - 1103).
5/ Established by the act approved March 24, 1961 (42 U.S.C. 1104), which provides for a temporary program of extended unemployment compensation payments.
6/ For payment of benefits and refunds (45 U.S.C. 360). Figures exclude interim advance of $15 million from the Treasury and subsequent
repayment, both in 1940.
7/ Contributions under the Railroad Unemployment Insurance Act of 1938, as amended (45 U.S.C. 360 (a)), in excess of the amount specified for administrative expenses (see footnote 8).
8/ Temporary advances are made when the balance in the Railroad Unemployment Insurance Account is insufficient to meet payments of benefits and refunds due or to become due. Whenever the balance is sufficient to pay such benefits and refunds, repayments are made, plus interest at 3/8 per annum, pursuant to P. L. 86-28, dated May 19, 1959 (73 Stat. 32).
9/ Excess, if any, over specified balance at end of year is transferred to the account (45 U.S.C. 361 (d)).
10/ Consists of a specified proportion of contributions deposited in the fund to be available for administrative expenses. The Railroad Unemployment Insurance Administration Fund was established in the Unemployment Trust Fund pursuant to the amending act of September 6, 1958; before that the administration fund was a separate trust fund (45 U.S.C. 361).
11/ Total includes $107.2 million transferred from State accounts to the Railroad Unemployment Insurance Account in connection with its establishment (45 U.S.C. 363).
12/ An advance of $250 million was made pursuant to the act of March 3, 1961, and repaid during the month.
13/ Includes adjustments to monthly statement basis.
14/ Excludes adjustment pursuant to the act of September 6, 1958 (45 U.S.C. 361 (a)); see footnote 15.
15/ Includes an adjustment of $7.2 million pursuant to the act of September 6, 1958 (45 U.S.C. 361 (a)); see footnote 10.
* Less than $50,000.
p Preliminary. n.a. Not available.
18
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 12.- Investments of Specified Trust Accounts in Public Debt Securities by Issues, as of September 30, 1961
(In millions of dollars)
<table><tr><th>Issue</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></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td></tr><tr><td>4 4-7/8</td><td>-</td><td>Series B-1963.</td><td>-</td><td>20.0</td><td>-</td></tr><tr><td>5</td><td>-</td><td>Series C-1963.</td><td>15.0</td><td>5.0</td><td>13.5</td><td>1.5</td></tr><tr><td>4-7/8</td><td>-</td><td>Series B-1964.</td><td>25.0</td><td>5.0</td><td>2.0</td><td>1.5</td></tr><tr><td>4-5/8</td><td>-</td><td>Series C-1964.</td><td>-</td><td>-</td><td>7.4</td><td>-</td></tr><tr><td></td><td>-</td><td>Series A-1965.</td><td>47.5</td><td>-</td><td>-</td><td>10.7</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/2 2-1/2</td><td>-</td><td>1964-69 (dated 4/15/43).</td><td>15.5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/2</td><td>-</td><td>1964-69 (dated 9/15/43).</td><td>32.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-5/8</td><td>-</td><td>1965.</td><td>225.4</td><td>18.2</td><td>11.5</td><td>1.7</td></tr><tr><td>3</td><td>-</td><td>1966.</td><td>25.0</td><td>10.0</td><td>8.5</td><td>10.3</td></tr><tr><td>3-3/8</td><td>-</td><td>1966.</td><td>4.5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3-3/4</td><td>-</td><td>1966.</td><td>27.7</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3-5/8</td><td>-</td><td>1967.</td><td>34.2</td><td>10.0</td><td>-</td><td>14.5</td></tr><tr><td>2-1/2</td><td>-</td><td>1967-72 (dated 6/1/45).</td><td>15.6</td><td>-</td><td>10.1</td><td>7.1</td></tr><tr><td>2-1/2</td><td>-</td><td>1967-72 (dated 10/20/41).</td><td>199.6</td><td>1.5</td><td>2.3</td><td>-</td></tr><tr><td>2-1/2</td><td>-</td><td>1967-72 (dated 11/15/45).</td><td>24.3</td><td>-</td><td>13.1</td><td>-</td></tr><tr><td>3-7/8</td><td>-</td><td>1968.</td><td>17.4</td><td>3.8</td><td>5.0</td><td>1.1</td></tr><tr><td>4</td><td>-</td><td>1969.</td><td>37.5</td><td>11.0</td><td>35.0</td><td>7.1</td></tr><tr><td>3-7/8</td><td>-</td><td>1974.</td><td>25.0</td><td>5.0</td><td>25.0</td><td>5.0</td></tr><tr><td>4-1/4</td><td>-</td><td>1975-85.</td><td>25.0</td><td>5.0</td><td>20.0</td><td>5.0</td></tr><tr><td>3-1/4</td><td>-</td><td>1978-83.</td><td>60.2</td><td>-</td><td>-</td><td>53.0</td></tr><tr><td>3-1/4</td><td>-</td><td>1980.</td><td>449.4</td><td>-</td><td>6.0</td><td>53.0</td></tr><tr><td>4</td><td>-</td><td>1980.</td><td>18.0</td><td>2.0</td><td>11.4</td><td>-</td></tr><tr><td>3-1/4</td><td>-</td><td>1985.</td><td>25.7</td><td>-</td><td>6.9</td><td>12.0</td></tr><tr><td>3-1/2</td><td>-</td><td>1990.</td><td>425.0</td><td>7.5</td><td>30.9</td><td>89.2</td></tr><tr><td>3</td><td>-</td><td>1995.</td><td>87.2</td><td>-</td><td>3.2</td><td>-</td></tr><tr><td>3-1/4</td><td>-</td><td>1998.</td><td>429.0</td><td>3.5</td><td>6.2</td><td>7.5</td></tr><tr><td>2-3/4</td><td>-</td><td>Investment Series B-1975-80</td><td>1,004.9</td><td>-</td><td>-</td><td>74.5</td></tr><tr><td>Total public issues</td><td>3,352.7</td><td>87.5</td><td>256.0</td><td>1,445.1</td></tr><tr><td>Special issues:</td><td></td><td></td><td></td><td></td></tr><tr><td>Certificates:</td><td></td><td></td><td></td><td></td></tr><tr><td>3 3-7/8</td><td>-</td><td>Series 1962.</td><td>-</td><td>-</td><td>-</td><td>4,728.5</td></tr><tr><td>4</td><td>-</td><td>Series 1962.</td><td>233.3</td><td>136.0</td><td>-</td><td>-</td></tr><tr><td></td><td>-</td><td>Series 1962.</td><td>714.9</td><td>70.5</td><td>-</td><td>-</td></tr><tr><td>Notes:</td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/2 2-5/8</td><td>-</td><td>Series 1963.</td><td>412.0</td><td>30.0</td><td>-</td><td>-</td></tr><tr><td>2-5/8</td><td>-</td><td>Series 1963 to 1964.</td><td>336.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-5/8</td><td>-</td><td>Series 1963 to 1965.</td><td>-</td><td>223.2</td><td>-</td><td>-</td></tr><tr><td>3</td><td>-</td><td>Series 1963 to 1966.</td><td>-</td><td>-</td><td>3,375.3</td><td>-</td></tr><tr><td>3-3/4</td><td>-</td><td>Series 1963 to 1966.</td><td>-</td><td>77.6</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/2 2-5/8</td><td>-</td><td>Series 1963-1968.</td><td>4,560.1</td><td>187.5</td><td>-</td><td>-</td></tr><tr><td>2-5/8</td><td>-</td><td>Series 1965-1975.</td><td>8,572.0</td><td>1,286.9</td><td>-</td><td>-</td></tr><tr><td>3-3/4</td><td>-</td><td>Series 1967-1976.</td><td>-</td><td>326.8</td><td>-</td><td>-</td></tr><tr><td>3-3/4</td><td>-</td><td>Series 1975-1976.</td><td>1,240.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total special issues</td><td>16,068.4</td><td>2,338.5</td><td>3,375.3</td><td>4,728.5</td></tr><tr><td>Net unamortized premium and discount</td><td>-20.9</td><td>-9</td><td>-</td><td>-3.7</td></tr><tr><td>Accrued interest purchased</td><td>7.9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total investments</td><td>19,408.1</td><td>2,425.0</td><td>3,631.3</td><td>5,819.8</td></tr></table>
Source: Bureau of Accounts. Less than $50,000.
November 1961
19
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-sponsored enterprises are included in payments on a net basis as reflected in Treasury reports.
Major intragovernmental transactions which are reported as both expenditures and receipts are eliminated from both. Noncash items which represent accrued obligations of the Government to make payments in the future are also eliminated from expenditures, but are added later when actual payments are made. Receipts from the exercise of monetary authority (mostly seigniorage on silver) are excluded as not representing cash received from the public. Federal cash borrowing from the public includes net borrowing by the Treasury through public debt transactions and also net borrowing by Government agencies and Government-sponsored enterprises through sales of their own securities. It excludes changes in the public debt which do not represent direct cash borrowing from the public. The net effect of all these transactions with the public is reflected in changes in the balance in the Treasurer's account and in cash held outside the Treasury.
Cash transactions through the Treasurer's account are similar in general concept to those included in the Budget series, but are limited in coverage to transactions which affect the balance in that account. On the other hand, they include receipts from the exercises of monetary authority, which are excluded from receipts from the public in the Budget series.
20
Treasury Bulletin
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>102,755</td><td>111,122</td><td>-8,367</td><td>7,590</td><td>82</td><td>-694</td><td>-1</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>September.</td><td>10,236</td><td>8,266</td><td>1,970</td><td>939</td><td>7</td><td>2,936</td><td>-20</td></tr><tr><td>October.</td><td>3,872</td><td>9,385</td><td>-5,512</td><td>2,775</td><td>9</td><td>-2,759</td><td>30</td></tr><tr><td>1962 to date.</td><td>27,258</td><td>36,105</td><td>-8,846</td><td>8,444</td><td>26</td><td>-497</td><td>121</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 from the 1962 Budget Review, released October 29, 1961, including effects of proposed legislation.
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).
Table 2.- Summary of Cash Transactions through the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Net cash transactions other than borrowing</th><th>Plus: Net cash borrowing, or repayment of borrowing (-)</th><th>Equals: Treasurer's account balance, increase, or decrease (-)</th></tr><tr><th></th><th>Cash deposits</th><th>Cash withdrawals</th><th>Excess of deposits, or withdrawals (-)</th><th></th><th></th></tr><tr><td>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>102,837</td><td>1.1,122</td><td>-8,285</td><td>7,591</td><td>-694</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>September</td><td>9,679</td><td>7,639</td><td>2,040</td><td>896</td><td>2,936</td></tr><tr><td>October</td><td>3,605</td><td>9,124</td><td>-5,519</td><td>2,761</td><td>-2,759</td></tr><tr><td>1962 to date</td><td>27,025</td><td>35,754</td><td>-8,729</td><td>8,232</td><td>-497</td></tr></table>
Source: Actual figures are based on the daily Treasury statement; estimates are from the 1962 Budget Review, released October 29, 1961, including effects of proposed legislation. Figures in the
first four columns of this table may differ somewhat from those originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.
November 1961
21
CASH INCOME AND OUTGO
Table 3.
Derivation of Federal Government Receipts from the Public, and Reconciliation to Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts (net) 1/</th><th colspan="3">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>Intragovernmental transactions (See Table 5) 1/</th><th>Excess profits tax refund bond re-demptions 2/</th><th>Receipts from exercise of monetary authority 3/</th><th>Total deductions 1/</th><th>Plus: Receipts from exercise of monetary authority 3/</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 5/</td><td>98,298 5/</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>82,100</td><td>24,761</td><td>106,861</td><td>4,024</td><td>*</td><td>82</td><td>4,106</td><td>102,755</td><td>82</td><td>-</td><td>102,837</td></tr><tr><td>1961-Jan.</td><td>4,846</td><td>858 5/</td><td>5,704 5/</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 5/</td><td>6,664 5/</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><tr><td>Sept.</td><td>8,945</td><td>1,478</td><td>10,423</td><td>180</td><td>*</td><td>7</td><td>187</td><td>10,236</td><td>7</td><td>-564</td><td>9,679</td></tr><tr><td>Oct.</td><td>3,141</td><td>980</td><td>4,120</td><td>239</td><td>*</td><td>9</td><td>248</td><td>3,872</td><td>9</td><td>-276</td><td>3,605</td></tr></table>
Source: See Table 1. Details of basic receipt figures appear in preceding sections in the Bulletin.
Footnotes follow Table 7.
Table
- Derivation of Federal Government Payments to the Public, and Reconciliation to Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Expenditures</th><th colspan="2">Less: Deductions from expenditures</th><th rowspan="2">Equals: Federal payments to the public 3/</th><th colspan="3">Reconciliation to cash transactions in the Treasurer's account</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-government 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><th>Adjustment for net difference due to reporting method (See also Table 3) 1/</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 2/</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>88,985</td><td>25,695</td><td>511</td><td>115,191</td><td>4,024</td><td>44</td><td>111,122</td><td>1</td><td>-</td><td>-</td><td>111,122</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><tr><td>Sept.</td><td>6,771</td><td>2,204</td><td>188</td><td>9,163</td><td>180</td><td>717</td><td>8,266</td><td>20</td><td>43</td><td>-564</td><td>7,639</td></tr><tr><td>Oct.</td><td>7,796</td><td>1,994</td><td>68</td><td>9,858</td><td>239</td><td>234</td><td>9,385</td><td>-30</td><td>14</td><td>-276</td><td>9,124</td></tr></table>
Source: See Table 1. Details of basic expenditure figures appear in preceding sections in the Bulletin.
Footnotes follow Table 7.
22
Treasury Bulletin
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 2/</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 3/</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>394</td><td>5</td><td>1,443</td><td>12</td><td>861</td><td>1,310</td><td>4,024</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><tr><td>September.</td><td>5</td><td>-</td><td>24</td><td>4</td><td>73</td><td>74</td><td>180</td></tr><tr><td>October.</td><td>7</td><td>-</td><td>36</td><td>*</td><td>71</td><td>125</td><td>239</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>Flacal year or month</th><th>Net accrued interest on savings bonds and Treasury bills 1/</th><th>Clearing account for public debt interest 2/</th><th colspan="5">Noncash expenditures involving issuance of public debt securities 3/</th><th>Clearing account for checks outstanding, etc. 7/</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>Adjusted service bonds 4/</th><th>Armed Forces leave bonds 1/</th><th>International Monetary Fund</th><th>International Development Association</th><th>Inter-American Development Bank</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>-</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>-</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>-</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>-</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>-</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>-</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>-</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>-</td><td>7</td><td>985</td></tr><tr><td>1962 (Est.)</td><td>425</td><td>-</td><td>*</td><td>-2</td><td>-300</td><td>-50</td><td>25</td><td>-54</td><td>44</td></tr><tr><td>1961-January</td><td>13</td><td>149</td><td>*</td><td>*</td><td>29</td><td>-</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>-</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>-</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>-</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>-</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>-</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>-</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>-</td><td>-161</td><td>-991</td></tr><tr><td>September</td><td>71</td><td>383</td><td>*</td><td>*</td><td>-17</td><td>-</td><td>-</td><td>280</td><td>717</td></tr><tr><td>October</td><td>33</td><td>438</td><td>*</td><td>*</td><td>6</td><td>-</td><td>25</td><td>-268</td><td>234</td></tr></table>
Source: See Table 1.
Footnotes follow Table 7.
November 1961
23
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public, and Reconciliation to Net Cash Debt Transactions through the Account of the Treasurer of the United States
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th 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.)</td><td>6,229</td><td>1,190</td><td>361</td><td>22</td><td>220</td><td>-150</td><td>7,688</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><td>September</td><td>35</td><td>108</td><td>305</td><td>-635</td><td>-27</td><td>117</td><td>993</td></tr><tr><td>October</td><td>1,911</td><td>33</td><td>-10</td><td>-847</td><td>19</td><td>-77</td><td>2,839</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Less: Deductions for noncash and other transactions</th><th rowspan="2">Equals: Net cash borrowing from the public, or repayment (-)</th><th rowspan="2">Less; Transactions not reflected in the Treasurer's account 1/</th><th rowspan="2">Equals: Net cash borrowing through the Treasurer's account,or repayment (-)</th></tr><tr><th>Net accrued interest on savings bonds and Treasury bills 2/</th><th>Adjusted service bonds 2/</th><th>Armed Forces leave bonds 2/</th><th colspan="4">Special notes to -</th><th>Total deductions</th></tr><tr><th></th><th></th><th></th><th></th><th>International Monetary Fund 5/</th><th>International Development Association 2/</th><th>Inter-American Development Bank 5/</th><th>Excess profits tax refund bonds 6/</th><th></th><th></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>*</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>*</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>*</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>*</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>*</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>*</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>*</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>*</td><td>536</td><td>697</td><td>621</td><td>76</td></tr><tr><td>1962 (Eatl.)</td><td>425</td><td>*</td><td>-2</td><td>-300</td><td>-50</td><td>25</td><td>*</td><td>98</td><td>7,590</td><td>-1</td><td>7,591</td></tr><tr><td>1961-January</td><td>13</td><td>*</td><td>*</td><td>29</td><td>-</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>*</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>*</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>*</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>*</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>*</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>*</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>*</td><td>-442</td><td>563</td><td>96</td><td>467</td></tr><tr><td>September</td><td>71</td><td>*</td><td>*</td><td>-17</td><td>-</td><td>-</td><td>*</td><td>54</td><td>939</td><td>43</td><td>896</td></tr><tr><td>October</td><td>33</td><td>*</td><td>*</td><td>6</td><td>-</td><td>25</td><td>*</td><td>64</td><td>2,775</td><td>14</td><td>2,761</td></tr></table>
Source: See Table 1.
(Footnotes on following page.
24
Treasury Bulletin
CASH INCOME AND OUTGO
Footnotes to Table 3
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 intrtrust 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 end payments to the public. Created as noncash refund deductions from receipts when issued and as cash refund deductions when redeemed. Consists of seignorage 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,COG. Preliminary.
Footnotes to Table 4
1. See Table 1, footnote 1. Net operating expenditures, or receipts (-), as measured by funds provided by or applied to net security transactions reflected in Treasury reports (see Table 1). In a large extent, these Government-sponsored enterprises receive funds for their operations by direct borrowing from the public or by holding federal securities which they hold, and they apply the net income derived 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 combined net of investment in Federal securities and redemption of agency obligations in the market.
2/ See Table 3, footnote 4.
4/ See Table 7, footnote 1.
2/ 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, and
4/ beginning with fiscal year 1959 excludes voluntary contributions. 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
Accounts directly on savings bonds and bills less interest paid as savings bonds and bills redeemed. 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 (-). 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 (-). 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. Parts of the United States subscriptions to the International Monetary Fund, the International Development Association, and the Inter-American Development Bank were paid in nonnegotiable, noninterest-bearing notes of the United States, payable on demand. 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 (-).
* Less than $500,000.
p Preliminary.
Footnotes to Table 7
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. Do not include investments representing acquired securities amounting to $3,003,970 (par value) and donation of securities amounting to $45,800 (par value). Amounts in trust on savings bonds and bills, which is included in the principal of the public debt, less interest paid on savings bonds and bills redeemed.
Treated as noncash transactions at the time of issuance and as cash transactions at the time of redemption; net issuance, or redemption (-).
Excluded from borrowing because the transactions are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3.
Market transactions in public debt securities and agency obligations.
Less than $500,000.
Preliminary.
November 1961
25
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 occasionals, to the extent authorized by the Treasury, banks are permitted to deposit in these accounts proceeds from subscriptions to public debt securities entered for their own account as well as for the account of their customers.
The tax and loan account system permits the Treasury to leave funds in banks and in the communities in which they arise until such time as the Treasury needs the funds for its operations. In this way the Treasury is able to neutralize the effect of its fluctuating operations on bank reserves and the economy.
A detailed description of the Treasury's depository 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="4">Treasury operating balance</th><th colspan="4">Assets</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><th>In Federal Reserve Banks in process of collection</th><th>In other depositaries</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><tr><td>September</td><td>348</td><td>7,754</td><td>122</td><td>8,225</td><td>172</td><td>60</td><td>198</td><td>375</td><td>9,031</td><td>75</td><td>8,956</td></tr><tr><td>October</td><td>502</td><td>4,834</td><td>117</td><td>5,452</td><td>180</td><td>56</td><td>183</td><td>394</td><td>6,265</td><td>68</td><td>6,197</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.
26
Treasury Bulletin
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="3">Taxes</th><th rowspan="2">Withdrawals</th><th colspan="4">Balance</th></tr><tr><th>Savings bonds</th><th>Savings notes</th><th>Tax anticipation securities</th><th>Other</th><th>Withheld and excise</th><th>Income (by special arrangement)</th><th>Total credits</th><th>End of period</th><th>High</th><th>Low</th><th>Average</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>1,642</td><td>3,872</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>2,487</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>1961-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>3,394</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>7,101</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>3,733</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>4,182</td></tr><tr><td>September</td><td>208</td><td>-</td><td>2,457</td><td>-</td><td>3,515</td><td>1,243</td><td>7,422</td><td>4,413</td><td>7,754</td><td>7,754</td><td>2,408</td><td>4,277</td></tr><tr><td>October</td><td>226</td><td>-</td><td>-</td><td>1,654</td><td>1,320</td><td>30</td><td>3,229</td><td>6,149</td><td>4,834</td><td>7,344</td><td>4,834</td><td>5,944</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 depositary banks, as follows: Withheld income tax beginning
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad Retirement Tax Act beginning July 1951; and a number of excise taxes beginning July 1953. Under a special procedure begun in March 1951, authorization may be given for income tax payments, or a portion of them, made by checks of $10,000 or more drawn on a special 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.
November 1961
27
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="2">Total outstanding</th><th rowspan="2">Guaranteed securities 3/</th><th colspan="2">Interest-bearing debt</th><th rowspan="2">Guaranteed securities 2/ 4/</th><th colspan="5">Matured debt and debt bearing no interest</th><th rowspan="2">Guaranteed securities 3/ (matured)</th></tr><tr><th>Total 1/</th><th>Public debt 2/</th><th>Total</th><th>Public debt</th><th>Total</th><th colspan="4">Public debt</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Total</th><th>Matured</th><th colspan="2">Special notes to - 5/</th><th>Other 6/</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Monetary Fund</th><th>Development Association</th><th>Inter-American Development Bank</th><th></th></tr><tr><td>1954</td><td>271,341</td><td>271,260</td><td>81</td><td>268,990</td><td>268,910</td><td>80</td><td>2,351</td><td>2,350</td><td>437</td><td>1,411</td><td>-</td><td>-</td><td>502</td><td>1</td></tr><tr><td>1955</td><td>274,418</td><td>274,374</td><td>44</td><td>271,785</td><td>271,741</td><td>43</td><td>2,634</td><td>2,633</td><td>589</td><td>1,567</td><td>-</td><td>-</td><td>477</td><td>1</td></tr><tr><td>1956</td><td>272,825</td><td>272,751</td><td>74</td><td>269,956</td><td>269,883</td><td>73</td><td>2,369</td><td>2,368</td><td>666</td><td>1,742</td><td>-</td><td>-</td><td>460</td><td>1</td></tr><tr><td>1957</td><td>270,634</td><td>270,527</td><td>107</td><td>268,592</td><td>268,486</td><td>106</td><td>2,042</td><td>2,042</td><td>529</td><td>1,068</td><td>-</td><td>-</td><td>444</td><td>1</td></tr><tr><td>1958</td><td>276,444</td><td>276,343</td><td>101</td><td>274,798</td><td>274,698</td><td>101</td><td>1,646</td><td>1,646</td><td>597</td><td>618</td><td>-</td><td>-</td><td>430</td><td>1</td></tr><tr><td>1959</td><td>284,817</td><td>284,706</td><td>111</td><td>281,944</td><td>281,833</td><td>110</td><td>2,873</td><td>2,873</td><td>476</td><td>1,979</td><td>-</td><td>-</td><td>417</td><td>1</td></tr><tr><td>1960</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>-</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>-</td><td>396</td><td>1</td></tr><tr><td>1960-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>-</td><td>401</td><td>1</td></tr><tr><td>1961-January</td><td>290,196</td><td>290,036</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>-</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>-</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>-</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>-</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>-</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>-</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>-</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>-</td><td>491</td><td>1</td></tr><tr><td>September</td><td>294,020</td><td>293,750</td><td>271</td><td>291,043</td><td>290,773</td><td>270</td><td>2,978</td><td>2,977</td><td>375</td><td>2,054</td><td>58</td><td>-</td><td>490</td><td>1</td></tr><tr><td>October</td><td>295,959</td><td>295,660</td><td>299</td><td>293,007</td><td>292,709</td><td>298</td><td>2,952</td><td>2,951</td><td>321</td><td>2,060</td><td>58</td><td>25</td><td>488</td><td>1</td></tr></table>
Source: Daily Treasury statement.
1/ Includes certain obligations not 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.
4/ Consists of Federal Housing Administration debentures, and also D. C. Armory Board stadium bonds beginning July 1959.
5/ Special notes of the United States issued to the International Monetary Fund, the International Development Association, and the Inter-American Development Bank 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="2">Total interest-bearing securities</th><th rowspan="2">Computed annual interest charge</th><th colspan="8">Computed annual interest rate</th></tr><tr><th>Amount outstanding</th><th>Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Total interest-bearing securities</th><th>Total public debt</th><th>Total 2/</th><th>Bills 3/</th><th>Certificates</th><th>Notes</th><th>Treasury bonds</th><th>Non-marketable issues 4/</th><th>Special issues</th><th>Guaranteed securities 1/</th></tr><tr><td>1954.</td><td>268,990</td><td>268,910</td><td>6,300</td><td>2.342</td><td>2.342</td><td>2.043</td><td>.843</td><td>1.928</td><td>1.838</td><td>2.440</td><td>2.751</td><td>2.671</td><td>2.547</td></tr><tr><td>1955.</td><td>271,785</td><td>271,741</td><td>6,388</td><td>2.351</td><td>2.351</td><td>2.079</td><td>1.539</td><td>1.173</td><td>1.846</td><td>2.480</td><td>2.789</td><td>2.585</td><td>2.590</td></tr><tr><td>1956.</td><td>269,956</td><td>269,883</td><td>6,952</td><td>2.576</td><td>2.576</td><td>2.427</td><td>2.654</td><td>2.625</td><td>2.075</td><td>2.485</td><td>2.824</td><td>2.705</td><td>2.606</td></tr><tr><td>1957.</td><td>268,592</td><td>268,486</td><td>7,328</td><td>2.730</td><td>2.730</td><td>2.707</td><td>3.197</td><td>3.345</td><td>2.504</td><td>2.482</td><td>2.853</td><td>2.635</td><td>2.611</td></tr><tr><td>1958.</td><td>274,798</td><td>274,698</td><td>7,248</td><td>2.638</td><td>2.638</td><td>2.546</td><td>1.033</td><td>3.330</td><td>2.806</td><td>2.576</td><td>2.892</td><td>2.630</td><td>2.622</td></tr><tr><td>1959.</td><td>281,944</td><td>281,833</td><td>8,069</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>1960.</td><td>283,380</td><td>283,241</td><td>9,320</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>1961.</td><td>285,911</td><td>285,672</td><td>8,769</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>1960-December</td><td>286,975</td><td>286,820</td><td>8,981</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>1961-January</td><td>286,810</td><td>286,651</td><td>8,924</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>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>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>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>3.075</td><td>3.075</td><td>3.068</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>8,769</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>288,998</td><td>8,849</td><td>3.065</td><td>3.065</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>3.082</td><td>3.082</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><tr><td>September</td><td>291,043</td><td>290,773</td><td>8,993</td><td>3.096</td><td>3.096</td><td>3.093</td><td>2.605</td><td>3.000</td><td>3.657</td><td>2.890</td><td>3.332</td><td>2.827</td><td>3.211</td></tr><tr><td>October</td><td>293,007</td><td>292,709</td><td>9,059</td><td>3.098</td><td>3.098</td><td>3.096</td><td>2.628</td><td>3.000</td><td>3.636</td><td>2.889</td><td>3.338</td><td>2.815</td><td>3.294</td></tr></table>
Source: Daily Treasury statement.
Note: The computed annual interest charge represents the amount of interest that would be paid if each interest-bearing issue outstanding at the end of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate to the amount outstanding on that date (the amount actually borrowed with May 1960). The aggregate sold at a premium or discount, beginning in May 1960). The aggregate charge for all interest-bearing issues constitutes the total computed annual interest charge. The average annual interest rate is computed by dividing the computed annual interest charge for the total, or
any group of issues, by the corresponding principal amount. Beginning with data 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.
28
Treasury Bulletin
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 rowspan="2">Total public issues</th><th colspan="7">Marketable</th><th colspan="4">Nonmarketable</th><th rowspan="2">Special issues</th></tr><tr><th>Total</th><th>Bills</th><th>Certificates</th><th>Notes</th><th>Treasury bonds Bank eligible</th><th>Treasury bonds Bank restricted 1/</th><th>Other bonds 2/</th><th>Total</th><th>U. S. savings bonds</th><th>Treasury bonds, investment series</th><th>Depository bonds</th><th>Other 3/</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>12,775</td><td>411</td><td>5,079</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>12,589</td><td>417</td><td>1,913</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>12,009</td><td>310</td><td>-</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>11,135</td><td>196</td><td>-</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>9,621</td><td>171</td><td>-</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>8,365</td><td>183</td><td>-</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>6,783</td><td>170</td><td>-</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>5,830</td><td>117</td><td>19</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>6,152</td><td>137</td><td>11</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>6,115</td><td>136</td><td>13</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>6,076</td><td>127</td><td>14</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>6,005</td><td>121</td><td>16</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>5,914</td><td>121</td><td>16</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>5,850</td><td>119</td><td>18</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>5,830</td><td>117</td><td>19</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>5,792</td><td>138</td><td>20</td><td>44,198</td></tr><tr><td>Aug....</td><td>290,659</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>5,701</td><td>136</td><td>470</td><td>45,971</td></tr><tr><td>Sept....</td><td>290,773</td><td>245,766</td><td>191,925</td><td>41,939</td><td>5,509</td><td>65,188</td><td>79,289</td><td>-</td><td>-</td><td>53,841</td><td>47,670</td><td>5,551</td><td>149</td><td>471</td><td>45,007</td></tr><tr><td>Oct....</td><td>292,709</td><td>248,819</td><td>195,234</td><td>42,641</td><td>5,509</td><td>67,807</td><td>79,277</td><td>-</td><td>-</td><td>53,585</td><td>47,743</td><td>5,167</td><td>157</td><td>518</td><td>43,890</td></tr></table>
Source: Daily Treasury statement.
1/ issues which commercial banks (banks accepting demand deposits) were not permitted to acquire prior to specified dates, except that: (1) concurrently with the 4th, 5th, and 6th War Loans and the Victory Loan, they were permitted to subscribe for limited investment of their savings deposits; (2) they might temporarily acquire such issues through forfeiture of collateral; (3) they might hold a limited amount of such issues for trading purposes.
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/ Consists of Treasury savings notes (1954 and 1955); Treasury bonds, R. E.A. series beginning July 1960; certificates of indebtedness - foreign series beginning August 1961; and the dollar equivalent of certificates of indebtedness, foreign currency series issued and payable in Swiss francs beginning October 1961.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Amount outstanding</th><th>Within 1 year</th><th>1 - 5 years</th><th>5 - 10 years</th><th>10 - 20 years</th><th>20 years and over</th><th colspan="2">Average length</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.</td><td>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.</td><td>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.</td><td>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.</td><td>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.</td><td>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.</td><td>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.</td><td>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.</td><td>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.</td><td>7 mos.</td></tr><tr><td>1961-January</td><td>189,320</td><td>75,613</td><td>70,830</td><td>18,684</td><td>13,211</td><td>10,976</td><td>4 yrs.</td><td>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.</td><td>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.</td><td>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.</td><td>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.</td><td>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>10,950</td><td>4 yrs.</td><td>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.</td><td>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.</td><td>5 mos.</td></tr><tr><td>September</td><td>191,925</td><td>81,334</td><td>63,747</td><td>21,934</td><td>11,479</td><td>13,431</td><td>4 yrs.</td><td>8 mos.</td></tr><tr><td>October</td><td>195,234</td><td>82,578</td><td>65,828</td><td>21,930</td><td>11,469</td><td>13,428</td><td>4 yrs.</td><td>7 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.
November 1961
29
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</th><th>Rail-road Retirement Account</th><th>Unemployment Trust Fund</th><th>Other</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>45,114</td><td>673</td><td>-</td><td>52</td><td>19,467</td><td>103</td><td>6,667</td><td>1,217</td><td>-</td><td>5,481</td><td>6</td><td>3,600</td><td>7,737</td><td>112</td></tr><tr><td>1957</td><td>46,827</td><td>718</td><td>325</td><td>50</td><td>19,463</td><td>103</td><td>7,394</td><td>1,200</td><td>404</td><td>5,570</td><td>5</td><td>3,475</td><td>7,996</td><td>123</td></tr><tr><td>1958</td><td>46,246</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>132</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>15,593</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><tr><td>September</td><td>45,007</td><td>561</td><td>2,338</td><td>150</td><td>16,068</td><td>150</td><td>10,576</td><td>1,035</td><td>162</td><td>5,670</td><td>-</td><td>3,375</td><td>4,728</td><td>191</td></tr><tr><td>October</td><td>43,890</td><td>523</td><td>2,307</td><td>51</td><td>15,402</td><td>120</td><td>10,601</td><td>1,032</td><td>140</td><td>5,676</td><td>-</td><td>3,260</td><td>4,593</td><td>184</td></tr></table>
Source: Daily Treasury statement. 1/ Consists of Canal Zone Postal Savings System beginning April 1958 through July 1959. 2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
Adjusted Service Certificate Fund (through December 1956), various housing insurance funds, and Veterans' Special Term Insurance Fund. Less than $500,000.
Treasury Bulletin
30
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th colspan="3">Agriculture Department</th><th>Export Import Bank of Washington 2/</th><th colspan="3">Housing and Home Finance Agency</th><th>International Cooperation Administration 5/</th><th>Reconstruction Finance Corporation 5/</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 7/</th><th>Other 8/</th></tr><tr><th></th><th></th><th>Commodity Credit Corporation</th><th>Rural Electrification Administration</th><th>Secretary: Farmers' Home Administration programs 1/</th><th></th><th>Administrator 2/</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></th><th></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>431</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><tr><td>Sept.</td><td>26,068</td><td>10,874</td><td>3,407</td><td>547</td><td>1,905</td><td>1,269</td><td>3,263</td><td>46</td><td>1,105</td><td>-</td><td>121</td><td>-</td><td>1,530</td><td>1,981</td><td>23</td></tr><tr><td>Oct.</td><td>26,938</td><td>11,446</td><td>3,487</td><td>579</td><td>1,978</td><td>1,319</td><td>3,322</td><td>51</td><td>1,105</td><td>-</td><td>121</td><td>-</td><td>1,530</td><td>1,978</td><td>21</td></tr></table>
Source: Daily 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. 1770, 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/ Excludes securities issued under Defense Production Act of 1950; includes securities issued under Federal Civil Defense Act of 1950 through November 1953, after which they were taken over by the Secretary of the Treasury, pursuant to the act approved July 30, 1953 (15 U.S.C. 609), and are 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: $2 million to Export-Import Bank of Washington, $2 million to Federal National Mortgage Association, and $14 million to Small Business Administration.
7/ Consists of: Notes issued by 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.
November 1961
31
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>120</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>110</td><td>341</td><td>793</td><td>1,061</td><td>570</td><td>-</td><td>-</td></tr><tr><td>1956</td><td>3,889</td><td>133</td><td>929</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>924</td><td>1,552</td><td>570</td><td>1,050</td><td>-</td></tr><tr><td>1958</td><td>5,423</td><td>199</td><td>456</td><td>1,159</td><td>1,646</td><td>797</td><td>1,165</td><td>-</td></tr><tr><td>1959</td><td>6,708</td><td>284</td><td>992</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>797</td><td>2,284</td><td>-</td></tr><tr><td>1961</td><td>7,765</td><td>382</td><td>1,055</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>407</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>7,765</td><td>407</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>7,602</td><td>404</td><td>942</td><td>1,478</td><td>2,210</td><td>-</td><td>2,518</td><td>50</td></tr><tr><td>March</td><td>7,429</td><td>404</td><td>829</td><td>1,519</td><td>2,210</td><td>-</td><td>2,416</td><td>50</td></tr><tr><td>April</td><td>7,417</td><td>402</td><td>817</td><td>1,590</td><td>2,281</td><td>-</td><td>2,276</td><td>50</td></tr><tr><td>May</td><td>7,534</td><td>402</td><td>955</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>1,055</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>380</td><td>1,054</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>384</td><td>1,093r</td><td>1,795</td><td>2,357</td><td>-</td><td>2,197</td><td>100</td></tr><tr><td>September</td><td>8,312</td><td>384</td><td>1,335</td><td>1,782</td><td>2,431</td><td>-</td><td>2,281</td><td>100</td></tr><tr><td>October</td><td>8,305</td><td>445</td><td>1,334</td><td>1,715</td><td>2,431</td><td>-</td><td>2,281</td><td>100</td></tr></table>
Source: Office of Debt Analysis and agency reports. Note: The securities shown in the table are public offerings. The proprietary interest of the United States in these banks ended in July 1951.
2/ The proprietary interest of the United States in these banks ended June 1947. 3/ Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings. Revised.
32
Treasury Bulletin
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: $5 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); $8 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, September 30, 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>293,308</td></tr><tr><td>Guaranteed securities held outside the Treasury.</td><td>271</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>293,579</td></tr><tr><td>Balance issuable under limitation.</td><td>4,421</td></tr></table>
Source: Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding September 30, 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>41,939</td><td>-</td><td>41,939</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>65,188</td><td>-</td><td>65,188</td></tr><tr><td>Treasury bonds</td><td>79,289</td><td>-</td><td>79,289</td></tr><tr><td>Total marketable</td><td>191,925</td><td>-</td><td>191,925</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>47,670</td><td>-</td><td>47,670</td></tr><tr><td>Depository bonds</td><td>149</td><td>-</td><td>149</td></tr><tr><td>Treasury bonds, investment series</td><td>5,551</td><td>-</td><td>5,551</td></tr><tr><td>Treasury bonds, R. E. A. series</td><td>21</td><td>-</td><td>21</td></tr><tr><td>Total nonmarketable</td><td>53,841</td><td>-</td><td>53,841</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>45,007</td><td>-</td><td>45,007</td></tr><tr><td>Total interest-bearing securities</td><td>290,773</td><td>-</td><td>290,773</td></tr><tr><td> matured securities on which interest has ceased</td><td>372</td><td>3</td><td>375</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps</td><td>50</td><td>-</td><td>50</td></tr><tr><td>Excess profits tax refund bonds</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Special notes of the United States:</td><td></td><td></td><td></td></tr><tr><td>International Monetary Fund series</td><td>2,054</td><td>-</td><td>2,054</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>145</td><td>145</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>2,163</td><td>439</td><td>2,602</td></tr><tr><td>Total public debt</td><td>293,308</td><td>442</td><td>293,750</td></tr><tr><td>Guaranteed securities: 1/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>270</td><td>-</td><td>270</td></tr><tr><td>Matured</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities</td><td>271</td><td>-</td><td>271</td></tr><tr><td>Total public debt and guaranteed securities</td><td>293,579</td><td>442</td><td>294,020</td></tr></table>
Source: Daily Treasury statement
Held outside the Treasury
November 1961
33
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding September 30, 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>Oct.... 1-1/2% Note 3.131% Bill - 10/1/61-10/16/61</td><td>52 1,502</td><td>- 98</td><td>52 1,404</td><td>1963</td><td>Feb.... 2-5/8% Note - 2/15/63-A</td><td>2,839</td><td>146</td><td>2,693</td></tr><tr><td>Nov.... 2-1/2% Bond - 11/15/61</td><td>6,963</td><td>88</td><td>6,876</td><td>Apr.... 1-1/2% Note - 4/1/63-EA</td><td>533</td><td>-</td><td>533</td></tr><tr><td>Total....................</td><td>8,518</td><td>186</td><td>8,332</td><td>May.... 4% Note 3-1/4% Note - 5/15/63-B 5/15/63-D</td><td>1,743 2,753</td><td>69 855</td><td>1,674 1,898</td></tr><tr><td>1962</td><td>Aug.... 2-1/2% Bond - 8/15/63</td><td>4,317</td><td>30</td><td>4,287</td><td>Oct.... 1-1/2% Note - 10/1/63-EO</td><td>506</td><td>-</td><td>506</td></tr><tr><td>Jan.... 2.679% Bill - 1/15/62</td><td>1,502</td><td>211</td><td>1,291</td><td>Nov.... 4-7/8% Note - 11/15/63-C</td><td>3,011</td><td>154</td><td>2,857</td></tr><tr><td>Feb.... 3-5/8% Note 4% Note 3-1/4% Note - 2/15/62-A 2/15/62-D 2/15/62-F</td><td>647 1,435 9,098</td><td>83 15 4,876</td><td>564 1,420 4,222</td><td>Total....................</td><td>15,702</td><td>1,255</td><td>14,448</td></tr><tr><td>Mar.... 2.484% Bill (tax ant.) - 3/23/62</td><td>3,503</td><td>95</td><td>3,408</td><td>1964</td><td>Feb.... 3% Bond - 2/15/64</td><td>3,854</td><td>140</td><td>3,714</td></tr><tr><td>Apr.... 1-1/2% Note 2.827% Bill - 4/1/62-EA 4/15/62</td><td>551 2,000</td><td>25 304</td><td>526 1,697</td><td>Apr.... 1-1/2% Note - 4/1/64-EA</td><td>457</td><td>-</td><td>457</td></tr><tr><td>May.... 3% Certificate 4% Note - 5/15/62-A 5/15/62-E</td><td>5,509 2,211</td><td>1,776 145</td><td>3,733 2,066</td><td>May.... 4-3/4% Note 3-3/4% Note - 5/15/64-A 5/15/64-D</td><td>4,933 3,893</td><td>2,821 273</td><td>2,112 3,620</td></tr><tr><td>June.... 2-1/4% Bond 2-3/4% Bond 2.705% Bill (tax ant.) - 6/15/59-62 12/15/60-65 6/22/62</td><td>3,960 1,485 2,511</td><td>419 * 46</td><td>3,541 1,485 2,465</td><td>Aug.... 5% Note 3-3/4% Note - 8/15/64-B 8/15/64-E</td><td>2,316 5,019</td><td>191 1,651</td><td>2,125 3,367</td></tr><tr><td>July.... 2.908% Bill - 7/15/62</td><td>2,004</td><td>159</td><td>1,844</td><td>Oct.... 1-1/2% Note - 10/1/64-EO</td><td>490</td><td>-</td><td>490</td></tr><tr><td>Aug.... 4% Note 3-1/4% Note - 8/15/62-B 8/15/62-G</td><td>158 7,325</td><td>- 3,670</td><td>158 3,655</td><td>Nov.... 4-7/8% Note - 11/15/64-C</td><td>4,195</td><td>2,288</td><td>1,907</td></tr><tr><td>Oct.... 1-1/2% Note - 10/1/62-EO</td><td>590</td><td>-</td><td>590</td><td>Total....................</td><td>25,157</td><td>7,366</td><td>17,791</td></tr><tr><td>Nov.... 3-3/4% Note 3-1/4% Note - 11/15/62-C 11/15/62-H</td><td>1,143 6,082</td><td>39 3,368</td><td>1,104 2,714</td><td>1965</td><td>Feb.... 2-5/8% Bond - 2/15/65</td><td>6,896</td><td>817</td><td>6,079</td></tr><tr><td>Dec.... 2-1/4% Bond - 12/15/59-62</td><td>2,271</td><td>384</td><td>1,887</td><td>Apr.... 1-1/2% Note - 4/1/65-EA</td><td>466</td><td>-</td><td>466</td></tr><tr><td>Total....................</td><td>53,985</td><td>15,615</td><td>38,371</td><td>May.... 4-5/8% Note - 5/15/65-A</td><td>2,113</td><td>352</td><td>1,761</td></tr><tr><td></td><td></td><td></td><td></td><td>Oct.... 1-1/2% Note - 10/1/65-EO</td><td>315</td><td>-</td><td>315</td></tr><tr><td></td><td></td><td></td><td></td><td>Total....................</td><td>9,790</td><td>1,169</td><td>8,620</td></tr></table>
Footnotes at end of table.
(Continued on following page)
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding September 30, 1961
Other Than Regular Weekly Treasury Bills - (Continued)
(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>1966</td><td></td><td></td><td></td><td></td><td>1972</td><td></td><td></td><td></td><td></td></tr><tr><td>April</td><td>1-1/2% Note - 4/1/66-EA</td><td>314</td><td>-</td><td>314</td><td>June</td><td>2-1/2% Bond - 6/15/67-72</td><td>1,766</td><td>181</td><td>1,584</td></tr><tr><td>May</td><td>3-3/4% Bond - 5/15/66</td><td>1,213</td><td>114</td><td>1,099</td><td>Sept.</td><td>2-1/2% Bond - 9/15/67-72</td><td>2,716</td><td>339</td><td>2,377</td></tr><tr><td>Aug.</td><td>3% Bond - 8/15/66</td><td>1,484</td><td>134</td><td>1,351</td><td>Dec.</td><td>2-1/2% Bond - 12/15/67-72</td><td>3,542</td><td>280</td><td>3,262</td></tr><tr><td>Nov.</td><td>3-3/8% Bond - 11/15/66</td><td>2,438</td><td>114</td><td>2,324</td><td>Total</td><td></td><td>8,024</td><td>800</td><td>7,224</td></tr><tr><td>Total</td><td></td><td>5,449</td><td>361</td><td>5,088</td><td>1974</td><td></td><td></td><td></td><td></td></tr><tr><td>1967</td><td></td><td></td><td></td><td></td><td>Nov.</td><td>3-7/8% Bond - 11/15/74</td><td>654</td><td>136</td><td>518</td></tr><tr><td>June</td><td>2-1/2% Bond - 6/15/62-67</td><td>1,464</td><td>162</td><td>1,302</td><td>1980</td><td></td><td></td><td></td><td></td></tr><tr><td>Nov.</td><td>3-5/8% Bond - 11/15/67</td><td>3,604</td><td>709</td><td>2,894</td><td>Feb.</td><td>4% Bond - 2/15/80</td><td>884</td><td>104</td><td>780</td></tr><tr><td>Total</td><td></td><td>5,067</td><td>871</td><td>4,196</td><td>Nov.</td><td>3-1/2% Bond - 11/15/80</td><td>1,917</td><td>673</td><td>1,244</td></tr><tr><td>1968</td><td></td><td></td><td></td><td></td><td>Total</td><td></td><td>2,801</td><td>777</td><td>2,024</td></tr><tr><td>May</td><td>3-7/8% Bond - 5/15/68</td><td>2,137</td><td>374</td><td>1,763</td><td>1983</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 12/15/63-68</td><td>1,818</td><td>223</td><td>1,595</td><td>June</td><td>3-1/4% Bond - 6/15/78-83</td><td>1,596</td><td>173</td><td>1,423</td></tr><tr><td>Total</td><td></td><td>3,955</td><td>597</td><td>3,358</td><td>1985</td><td></td><td></td><td></td><td></td></tr><tr><td>1969</td><td></td><td></td><td></td><td></td><td>May</td><td>3-1/4% Bond - 5/15/85</td><td>1,132</td><td>156</td><td>976</td></tr><tr><td>June</td><td>2-1/2% Bond - 6/15/64-69</td><td>2,637</td><td>444</td><td>2,193</td><td>4-1/4% Bond - 5/15/75-85</td><td>470</td><td>114</td><td>356</td></tr><tr><td>Oct.</td><td>4% Bond - 10/1/69</td><td>1,424</td><td>203</td><td>1,220</td><td>Total</td><td></td><td>1,602</td><td>270</td><td>1,332</td></tr><tr><td>Dec.</td><td>2-1/2% Bond - 12/15/64-69</td><td>2,556</td><td>510</td><td>2,046</td><td>1990</td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td>6,617</td><td>1,158</td><td>5,459</td><td>Feb.</td><td>3-1/2% Bond - 2/15/90</td><td>4,015</td><td>782</td><td>3,233</td></tr><tr><td>1970</td><td></td><td></td><td></td><td></td><td>1995</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/65-70</td><td>2,457</td><td>755</td><td>1,702</td><td>Feb.</td><td>3% Bond - 2/15/95</td><td>2,689</td><td>177</td><td>2,511</td></tr><tr><td>1971</td><td></td><td></td><td></td><td></td><td>1998</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>2-1/2% Bond - 3/15/66-71</td><td>1,400</td><td>377</td><td>1,023</td><td>Nov.</td><td>3-1/2% Bond - 11/15/98</td><td>3,529</td><td>670</td><td>2,859</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
2/ Income is partially exempt from income tax. Less than $500,000.
November 1961
35
PUBLIC DEBT OPERATIONS
Table 2.
Offerings of Treasury Bills
(millions of dollars)
<table><tr><th>issue date</th><th>Maturity date</th><th>Number of days to maturity 1/</th><th>Amount of bids tendered</th><th>Total amount</th><th>Amount of bids accepted on competitive basis</th><th>On noncompetitive basis 2/</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-July 6......</td><td>1961-Oct. 5 1962-Jan. 4</td><td>91 182</td><td>1,762.6 922.6</td><td>1,100.5 499.9</td><td>950.7 469.6</td><td>149.8 30.4</td><td>45.8 27.2</td><td>1,100.1 500.2</td><td>14,207.4 14,508.3 3/</td></tr><tr><td>July 13......</td><td>1961-Oct. 13 1962-Jan. 11</td><td>92 182</td><td>2,087.0 1,047.4</td><td>1,100.9 500.2</td><td>869.0 456.9</td><td>231.9 43.2</td><td>11.9 2.5</td><td>1,100.8 500.1</td><td>14,207.4 14,508.4 3/</td></tr><tr><td>July 20......</td><td>1961-Oct. 19 1962-Jan. 18</td><td>91 182</td><td>1,915.6 960.3</td><td>1,100.0 499.9</td><td>860.2 454.5</td><td>239.8 45.4</td><td>75.6 33.0</td><td>1,100.3 400.2</td><td>14,207.1 14,608.1 3/</td></tr><tr><td>July 27......</td><td>1961-Oct. 26 1962-Jan. 25</td><td>91 182</td><td>1,714.7 907.7</td><td>1,099.9 500.1</td><td>898.1 464.2</td><td>201.8 35.9</td><td>61.3 41.1</td><td>1,100.8 500.1</td><td>14,206.1 14,608.1 3/</td></tr><tr><td>Aug. 3......</td><td>1961-Nov. 2 1962-Feb. 1</td><td>91 182</td><td>1,913.2 1,136.2</td><td>1,101.3 600.3</td><td>890.0 561.4</td><td>211.2 38.9</td><td>117.7 61.3</td><td>1,100.7 600.5 3/</td><td>14,209.8 14,607.9 3/</td></tr><tr><td>Aug. 10......</td><td>1961-Nov. 9 1962-Feb. 8</td><td>91 182</td><td>2,003.2 1,093.1</td><td>1,100.2 600.2</td><td>877.7 560.6</td><td>222.5 39.5</td><td>53.1 31.6</td><td>1,100.6 600.3 3/</td><td>14,206.5 14,607.8 3/</td></tr><tr><td>Aug. 17......</td><td>1961-Nov. 16 1962-Feb. 15</td><td>91 182</td><td>2,121.6 1,009.3</td><td>1,100.8 600.0</td><td>854.5 554.3</td><td>246.4 45.7</td><td>109.5 52.2</td><td>1,100.0 600.5 3/</td><td>14,207.3 14,607.3 3/</td></tr><tr><td>Aug. 24......</td><td>1961-Nov. 24 1962-Feb. 23</td><td>92 183</td><td>1,939.6 1,294.5</td><td>1,100.8 600.1</td><td>871.5 557.3</td><td>229.3 42.8</td><td>98.2 53.3</td><td>1,100.4 600.2 3/</td><td>14,207.7 14,607.1 3/</td></tr><tr><td>Aug. 31......</td><td>1961-Nov. 30 1962-Mar. 1</td><td>91 182</td><td>1,820.7 933.8</td><td>1,100.3 600.4</td><td>900.9 556.3</td><td>199.4 44.1</td><td>11.9 26.7</td><td>1,000.9 600.2 3/</td><td>14,607.3 14,607.3 3/</td></tr><tr><td>Sept. 7......</td><td>1961-Dec. 7 1962-Mar. 8</td><td>91 182</td><td>2,221.8 1,102.4</td><td>1,109.1 595.2</td><td>919.5 557.0</td><td>189.6 38.2</td><td>11.7 29.1</td><td>1,100.6 600.4 3/</td><td>14,315.5 14,502.1 3/</td></tr><tr><td>Sept. 14......</td><td>1961-Dec. 14 1962-Mar. 15</td><td>91 182</td><td>2,136.2 1,075.5</td><td>1,101.0 600.6</td><td>852.4 550.7</td><td>248.6 49.9</td><td>13.7 2.0</td><td>1,100.6 600.1 3/</td><td>14,315.9 14,602.6 3/</td></tr><tr><td>Sept. 21......</td><td>1961-Dec. 21 1962-Mar. 22</td><td>91 182</td><td>2,098.7 1,143.6</td><td>1,099.8 600.2</td><td>841.2 547.7</td><td>258.6 52.5</td><td>110.5 62.5</td><td>1,101.1 600.2 3/</td><td>14,314.6 14,602.6 3/</td></tr><tr><td>Sept. 28......</td><td>1961-Dec. 28 1962-Mar. 29</td><td>91 182</td><td>1,175.1 1,271.7</td><td>1,100.2 600.1</td><td>901.2 557.5</td><td>199.0 42.6</td><td>83.4 51.6</td><td>1,100.0 600.2 3/</td><td>14,314.8 14,606.5 3/</td></tr><tr><td>Oct. 5p......</td><td>Jan. 4 Apr. 5</td><td>91 182</td><td>1,606.0 1,304.9</td><td>1,100.3 600.2</td><td>923.2 559.8</td><td>177.1 40.5</td><td>68.7 51.9</td><td>1,100.5 600.2 3/</td><td>14,314.5 14,602.5 3/</td></tr><tr><td>Oct. 13p......</td><td>Jan. 11 Apr. 12</td><td>90 181</td><td>2,107.4 1,101.2</td><td>1,100.4 600.1</td><td>887.0 547.8</td><td>213.4 52.4</td><td>120.7 2.9</td><td>1,100.9 600.5 3/</td><td>14,314.0 14,602.4 3/</td></tr><tr><td>Oct. 19p......</td><td>Jan. 18 Apr. 19</td><td>91 182</td><td>2,221.0 1,112.7</td><td>1,100.2 600.4</td><td>858.6 540.2</td><td>241.6 60.2</td><td>113.2 3.0</td><td>1,100.0 500.4 3/</td><td>14,314.2 14,702.2 3/</td></tr><tr><td>Oct. 26p......</td><td>Jan. 25 Apr. 26</td><td>91 182</td><td>1,038.0 1,251.5</td><td>1,101.3 600.1</td><td>889.4 540.7</td><td>211.9 59.4</td><td>130.5 53.3</td><td>1,009.9 500.2 3/</td><td>14,315.0 14,802.1 3/</td></tr><tr><td colspan="10">Tax anticipation bills:</td></tr><tr><td>1961-April 3......</td><td>1961-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>1,563.8 4/</td><td>1,000.7</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>2,989.3</td><td>513.6</td><td>-</td><td>1,502.9 5/</td><td>1,005.8</td></tr><tr><td>Sept. 27......</td><td>June 22</td><td>268</td><td>5,131.5</td><td>1,510.9</td><td>1,999.1</td><td>511.8</td><td>-</td><td>1,502.9 5/</td><td>1,013.7</td></tr><tr><td colspan="10">Other bills:</td></tr><tr><td>1960-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>177.5</td><td>120.6</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>19.7</td><td>2,000.6</td><td>6,507.2</td></tr><tr><td>1961-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>1,501.7</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>18.1</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>1,793.5</td><td>211.0</td><td>9.6</td><td>1,501.7</td><td>7,007.8</td></tr><tr><td>Oct. 16p......</td><td>Oct. 15</td><td>364</td><td>3,756.8</td><td>2,003.5</td><td>1,863.9</td><td>139.5</td><td>10.6</td><td>1,502.5</td><td>7,504.1</td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in daily Treasury statement. 1/ The 13-week bills represent additional issues of bills with an original maturity of 26 weeks. 2/ For 13-week issues, tenders for $200,000 or less, and for 26-week issues, beginning June 11, 1993, 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. Includes "Strip" bills issued June 14, 1901. June 22, 1901, maturity. September 22, 1901, maturity.
(Continued on following page)
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills - (Continued
<table><tr><th>Issue date</th><th colspan="2">On total bide accepted</th><th colspan="4">On competitive bide accepted</th></tr><tr><th></th><th>Average price per hundred</th><th>Equivalent average rate 6/</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th>Regular weekly billet:</th><th></th><th>(Percent)</th><th>Price per hundred</th><th>Equivalent rate 6/</th><th>Price per hundred</th><th>Equivalent rate 6/</th></tr><tr><td>1961-July 6.</td><td>{99.417<br>98.743</td><td>2.305<br>2.486</td><td>99.429 7/<br>98.764</td><td>2.259<br>2.445</td><td>99.407<br>98.733</td><td>2.346<br>2.506</td></tr><tr><td>July 13.</td><td>{99.407<br>98.730</td><td>2.322<br>2.512</td><td>99.413 8/<br>98.736</td><td>2.297<br>2.500</td><td>99.403<br>98.726</td><td>2.336<br>2.520</td></tr><tr><td>July 20.</td><td>{99.444<br>98.794</td><td>2.200<br>2.385</td><td>99.451<br>98.801</td><td>2.172<br>2.372</td><td>99.437<br>98.784</td><td>2.227<br>2.405</td></tr><tr><td>July 27.</td><td>{99.433<br>98.763</td><td>2.244<br>2.446</td><td>99.450 9/<br>98.784</td><td>2.176<br>2.405</td><td>99.425<br>98.753</td><td>2.275<br>2.467</td></tr><tr><td>Aug. 3.</td><td>99.419<br>98.707</td><td>2.299<br>2.557</td><td>99.426 10/<br>98.717</td><td>2.271<br>2.538</td><td>99.415<br>98.702</td><td>2.314<br>2.567</td></tr><tr><td>Aug. 10.</td><td>99.402<br>98.677</td><td>2.366<br>2.617</td><td>99.411 11/<br>98.686</td><td>2.330<br>2.599</td><td>99.398<br>98.673</td><td>2.382<br>2.625</td></tr><tr><td>Aug. 17.</td><td>99.366<br>98.602</td><td>2.519<br>2.765</td><td>99.369 12/<br>98.616 13/</td><td>2.496<br>2.738</td><td>99.360<br>98.594</td><td>2.532<br>2.781</td></tr><tr><td>Aug. 24.</td><td>99.360<br>98.580</td><td>2.504<br>2.793</td><td>99.368 14/<br>98.596</td><td>2.473<br>2.762</td><td>99.356<br>98.578</td><td>2.520<br>2.797</td></tr><tr><td>Aug. 31.</td><td>99.413<br>98.677</td><td>2.321<br>2.617</td><td>99.425<br>98.691</td><td>2.275<br>2.589</td><td>99.407<br>98.663</td><td>2.346<br>2.645</td></tr><tr><td>Sept. 7.</td><td>99.395<br>98.639</td><td>2.392<br>2.692</td><td>99.402 15/<br>98.650</td><td>2.366<br>2.670</td><td>99.393<br>98.633</td><td>2.401<br>2.704</td></tr><tr><td>Sept. 14.</td><td>99.412<br>98.643</td><td>2.328<br>2.685</td><td>99.418 16/<br>98.654</td><td>2.302<br>2.662</td><td>99.408<br>98.636</td><td>2.342<br>2.698</td></tr><tr><td>Sept. 21.</td><td>99.428<br>98.644</td><td>2.262<br>2.681</td><td>99.432 17/<br>98.652</td><td>2.247<br>2.666</td><td>99.425<br>98.636</td><td>2.275<br>2.698</td></tr><tr><td>Sept. 28.</td><td>99.435<br>98.637</td><td>2.234<br>2.697</td><td>99.444<br>98.644</td><td>2.200<br>2.682</td><td>99.429<br>98.631</td><td>2.259<br>2.708</td></tr><tr><td>Oct. 5p.</td><td>99.418<br>98.643</td><td>2.302<br>2.683</td><td>99.435 18/<br>98.650</td><td>2.235<br>2.670</td><td>99.408<br>98.641</td><td>2.342<br>2.688</td></tr><tr><td>Oct. 13p.</td><td>99.403<br>98.561</td><td>2.389<br>2.684</td><td>99.410 19/<br>98.660 20/</td><td>2.360<br>2.665</td><td>99.401<br>98.646</td><td>2.396<br>2.693</td></tr><tr><td>Oct. 19p.</td><td>99.398<br>98.618</td><td>2.382<br>2.734</td><td>99.405 21/<br>98.624</td><td>2.354<br>2.722</td><td>99.395<br>98.613</td><td>2.393<br>2.744</td></tr><tr><td>Oct. 26p.</td><td>99.412<br>98.631</td><td>2.325<br>2.708</td><td>99.417<br>98.638</td><td>2.306<br>2.694</td><td>99.410<br>98.629</td><td>2.334<br>2.712</td></tr><tr><th>Tax anticipation bills:</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1961-Apr. 3.</td><td>98.818</td><td>2.473</td><td>98.863 22/<br>98.400 23/</td><td>2.380<br>2.400</td><td>98.810<br>98.320</td><td>2.491<br>2.520</td></tr><tr><td>July 26.</td><td>98.344</td><td>2.484</td><td>98.042 24/</td><td>2.630</td><td>97.975</td><td>2.720</td></tr><tr><td>Sept. 29.</td><td>97.986</td><td>2.705</td><td></td><td></td><td></td><td></td></tr><tr><th>Other bills:</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1960-July 15.</td><td>96.690</td><td>3.265</td><td>96.740 25/<br>96.891</td><td>3.215<br>3.075</td><td>96.665<br>96.815</td><td>3.289<br>3.150</td></tr><tr><td>Oct. 17.</td><td>96.834</td><td>3.111</td><td></td><td></td><td></td><td></td></tr><tr><td>1961-Jan. 15.</td><td>97.283</td><td>2.679</td><td>97.318<br>97.171 26/</td><td>2.645<br>2.790</td><td>97.262<br>97.117</td><td>2.700<br>2.844</td></tr><tr><td>Apr. 15.</td><td>97.134</td><td>2.827</td><td>97.101</td><td>2.859</td><td>97.039</td><td>2.920</td></tr><tr><td>July 15.</td><td>97.051</td><td>2.908</td><td></td><td></td><td></td><td></td></tr><tr><td>Oct. 16p.</td><td>96.992</td><td>2.975</td><td>97.037 27/</td><td>2.930</td><td>96.979</td><td>2.988</td></tr></table>
6/ Bank discount basis.
7/ Except $7,000 at 99.433.
8/ Except $100,000 at 99.417.
9/ Except $100,000 at 98.796.
10/ Except $100,000 at 98.736.
11/ Except $100,000 at 98.690.
12/ Except $200,000 at 99.425, $200,000 at 99.417, and $1,000 at 99.378.
13/ Except $100,000 at 98.660.
14/ Except $300,000 at 99.373.
15/ Except $300,000 at 99.417.
16/ Except $75,000 at 99.430.
17/ Except $100,000 at 98.654.
18/ Except $100,000 at 98.656.
29 Except $128,000 at 99.431, and $300,000 at 99.415.
30 Except $700,000 at 98.677, and $150,000 at 98.668.
31 Except $200,000 at 98.660, $260,000 at 98.655, and $500,000 at 98.639.
32 Except $200,000 at 98.901, $200,000 at 98.882, and $1,500,000 at 98.872.
33 Except $200,000 at 98.413.
34 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.
35 Except $5,000,000 at 96.776, and $5,000,000 at 96.750.
36 Except $1,500,000 at 97.182.
37 Except $100,000 at 97.070.
Preliminary.
November 1961
37
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issue</th><th rowspan="2">Amount of bids tendered</th><th rowspan="2">Amount of bids accepted</th><th rowspan="2">Average rate on bids accepted 1/ (Percent)</th><th rowspan="2">New money increase, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th></tr><tr><td>1953-Apr. 23.</td><td>1953- July 23</td><td>91</td><td>$ 2,202</td><td>$ 1,501</td><td>2.320</td><td>$ 100</td></tr><tr><td>May 7.</td><td>Aug. 6</td><td>91</td><td>2,166</td><td>1,500</td><td>2.352</td><td>200</td></tr><tr><td>May 21.</td><td>Aug. 20</td><td>91</td><td>2,340</td><td>1,501</td><td>2.092</td><td>200</td></tr><tr><td>May 28.</td><td>Aug. 27</td><td>91</td><td>2,087</td><td>1,501</td><td>2.084</td><td>200</td></tr><tr><td>June 4.</td><td>Sept. 3</td><td>91</td><td>1,782</td><td>1,500</td><td>2.416</td><td>199</td></tr><tr><td>June 11.</td><td>Sept. 10</td><td>91</td><td>2,290</td><td>1,400</td><td>2.323</td><td>198</td></tr><tr><td>June 18.</td><td>Sept. 17</td><td>91</td><td>2,207</td><td>1,501</td><td>2.228</td><td>300</td></tr><tr><td>June 25.</td><td>Sept. 24</td><td>91</td><td>1,985</td><td>1,500</td><td>1.954</td><td>300</td></tr><tr><td>July 2.</td><td>Oct. 1</td><td>91</td><td>2,192</td><td>1,500</td><td>2.106</td><td>300</td></tr><tr><td>July 9.</td><td>Oct. 8</td><td>91</td><td>2,167</td><td>1,501</td><td>2.007</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>99</td></tr><tr><td>Sept. 29.</td><td>Dec. 29</td><td>91</td><td>2,317</td><td>1,601</td><td>2.122</td><td>101</td></tr><tr><td>1957-Jan. 31.</td><td>1957- May 2</td><td>91</td><td>2,624</td><td>1,700</td><td>3.283</td><td>99</td></tr><tr><td>Feb. 7.</td><td>May 9</td><td>91</td><td>2,626</td><td>1,700</td><td>3.133</td><td>99</td></tr><tr><td>Feb. 14.</td><td>May 16</td><td>91</td><td>2,719</td><td>1,700</td><td>3.057</td><td>99</td></tr><tr><td>Feb. 21.</td><td>May 23</td><td>91</td><td>2,580</td><td>1,800</td><td>3.182</td><td>200</td></tr><tr><td>Feb. 28.</td><td>May 31</td><td>92</td><td>2,741</td><td>1,802</td><td>3.288</td><td>202</td></tr><tr><td>Mar. 7.</td><td>June 6</td><td>91</td><td>2,769</td><td>1,800</td><td>3.216</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>99</td></tr><tr><td>1958-Jan. 2.</td><td>Apr. 3</td><td>91</td><td>2,388</td><td>1,700</td><td>2.753</td><td>101</td></tr><tr><td>Jan. 9.</td><td>Apr. 10</td><td>91</td><td>2,430</td><td>1,700</td><td>2.858</td><td>100</td></tr><tr><td>Jan. 16.</td><td>Apr. 17</td><td>91</td><td>2,682</td><td>1,701</td><td>2.591</td><td>100</td></tr><tr><td>Jan. 23.</td><td>Apr. 24</td><td>91</td><td>2,751</td><td>1,702</td><td>2.587</td><td>100</td></tr><tr><td>Mar. 13.</td><td>June 12</td><td>91</td><td>2,436</td><td>1,700</td><td>1.532</td><td>-100</td></tr><tr><td>Sept. 11.</td><td>Dec. 11</td><td>91</td><td>2,550</td><td>1,800</td><td>2.359</td><td>100</td></tr><tr><td>Sept. 18.</td><td>Dec. 18</td><td>91</td><td>2,636</td><td>1,800</td><td>2.604</td><td>99</td></tr><tr><td>Sept. 25.</td><td>Dec. 26</td><td>92</td><td>2,576</td><td>1,800</td><td>2.511</td><td>99</td></tr><tr><td>Oct. 2.</td><td>1959- Jan. 2</td><td>92</td><td>2,291</td><td>1,801</td><td>2.920</td><td>101</td></tr><tr><td>Oct. 9.</td><td>Jan. 8</td><td>91</td><td>2,382</td><td>1,800</td><td>2.668</td><td>100</td></tr><tr><td>Oct. 16.</td><td>Jan. 15</td><td>91</td><td>3,088</td><td>1,803</td><td>2.927</td><td>104</td></tr><tr><td>Oct. 23.</td><td>Jan. 22</td><td>91</td><td>2,987</td><td>1,800</td><td>2.804</td><td>99</td></tr><tr><td>Oct. 30.</td><td>Jan. 29</td><td>91</td><td>2,872</td><td>1,803</td><td>2.647</td><td>102</td></tr><tr><td>Nov. 6.</td><td>Feb. 5</td><td>91</td><td>2,814</td><td>1,802</td><td>2.649</td><td>102</td></tr><tr><td>Nov. 13.</td><td>Feb. 13</td><td>92</td><td>2,857</td><td>1,801</td><td>2.774</td><td>101</td></tr><tr><td>Dec. 11.</td><td>Mar. 12 June 11</td><td>91 182</td><td>2,407 1,073</td><td>1,600 400</td><td>2.805 3.081</td><td>200</td></tr><tr><td>Dec. 18.</td><td>Mar. 19 June 18</td><td>91 182</td><td>2,476 764</td><td>1,600 400</td><td>2.904 3.095</td><td>200</td></tr><tr><td>Dec. 26.</td><td>Mar. 26 June 25</td><td>90 181</td><td>2,394 834</td><td>1,601 430</td><td>2.739 3.017</td><td>201</td></tr><tr><td>1959-Jan. 2.</td><td>Apr. 2 July 2</td><td>90 181</td><td>2,479 755</td><td>1,600 400</td><td>2.690 2.920</td><td>199</td></tr><tr><td>Jan. 8.</td><td>Apr. 9 July 9</td><td>91 182</td><td>2,508 680</td><td>1,599 400</td><td>2.678 2.959</td><td>199</td></tr><tr><td>Jan. 15.</td><td>Apr. 16 July 16</td><td>91 182</td><td>2,178 734</td><td>1,600 401</td><td>2.808 3.034</td><td>197</td></tr></table>
Footnotes at end of table.
(Continued on following page)
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills - (Continued)
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issue</th><th rowspan="2">Amount of bids tendered</th><th rowspan="2">Amount of bids accepted</th><th rowspan="2">Average rate on bids accepted 1/ (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 Sept. 3</td><td>91 182</td><td>$2,090 724</td><td>$1,500 400</td><td>2.816 3.111</td><td>$101</td></tr><tr><td>Mar. 12 2</td><td>{June 11 Sept. 10</td><td>91 182</td><td>2,254 97</td><td>1,101 400</td><td>3.062 3.375</td><td>101</td></tr><tr><td>Mar. 19</td><td>{June 18 Sept. 17</td><td>91 182</td><td>2,019 727</td><td>1,101 400</td><td>2.763 3.058</td><td>100</td></tr><tr><td>Mar. 26</td><td>{June 25 Sept. 24</td><td>91 182</td><td>2,122 671</td><td>1,300 400</td><td>2.766 3.093</td><td>100</td></tr><tr><td>Aug. 13</td><td>{1959 Nov. 12 1960 Feb. 11</td><td>91 182</td><td>1,866 875</td><td>1,200 400</td><td>3.150 3.691</td><td>199</td></tr><tr><td>Aug. 20</td><td>{1959 Nov. 19 1960 Feb. 18</td><td>91 182</td><td>1,853 790</td><td>1,200 400</td><td>3.417 3.792</td><td>199</td></tr><tr><td>Aug. 27</td><td>{1959 Nov. 27 1960 Feb. 25</td><td>92 182</td><td>1,764 693</td><td>1,200 400</td><td>3.824 4.152</td><td>204</td></tr><tr><td>1960-May 19</td><td>{1960 Aug. 18 1960 Nov. 17</td><td>91 182</td><td>1,809 961</td><td>1,200 500</td><td>3.793 4.000</td><td>97</td></tr><tr><td>May 26</td><td>{Aug. 25 Nov. 25</td><td>91 183</td><td>1,834 897</td><td>1,200 500</td><td>3.497 3.867</td><td></td></tr><tr><td>June 2</td><td>{Sept. 1 Dec. 1</td><td>91 182</td><td>1,820 996</td><td>1,101 500</td><td>3.182 3.495</td><td>100</td></tr><tr><td>1961-Jan. 19</td><td>{1961 Apr. 20 July 20</td><td>91 182</td><td>1,889 995</td><td>1,101 400</td><td>2.358 2.530</td><td>99</td></tr><tr><td>Jan. 26</td><td>{Apr. 27 July 27</td><td>91 182</td><td>1,986 1,082</td><td>1,100 500</td><td>2.230 2.422</td><td>200</td></tr><tr><td>Feb. 2</td><td>{May 4 Aug. 3</td><td>91 182</td><td>2,057 1,082</td><td>1,101 500</td><td>2.299 2.497</td><td>201</td></tr><tr><td>Mar. 30</td><td>{June 29 Sept. 28</td><td>91 182</td><td>1,924 1,046</td><td>1,100 500</td><td>2.392 2.476</td><td>99</td></tr><tr><td>Apr. 6</td><td>{July 6 Oct. 5</td><td>91 182</td><td>1,916 1,048</td><td>1,100 500</td><td>2.47 2.648</td><td>99</td></tr><tr><td>Apr. 13</td><td>{July 13 Oct. 13</td><td>91 183</td><td>2,000 1,118</td><td>1,101 500</td><td>2.361 2.410</td><td></td></tr><tr><td>May 4</td><td>{Aug. 3 Nov. 2</td><td>91 182</td><td>2,087 950</td><td>1,101 500</td><td>2.299 2.417</td><td>100</td></tr><tr><td>May 11</td><td>{Aug. 10 Nov. 9</td><td>91 182</td><td>1,877 1,115</td><td>1,101 500</td><td>2.432 2.421</td><td>101</td></tr><tr><td>July 20</td><td>{1962-Oct. 19 1962-Jan. 18</td><td>91 182</td><td>1,916 960</td><td>1,100 500</td><td>2.200 2.385</td><td>99</td></tr><tr><td>Aug. 31</td><td>{1961-Nov. 30 1962-Mar. 1</td><td>91 182</td><td>1,821 934</td><td>1,100 600</td><td>2.321 2.617</td><td>100</td></tr><tr><td>Oct. 19p</td><td>{Jan. 18 Apr. 19</td><td>91 182</td><td>2,221 1,112</td><td>1,100 600</td><td>2.382 2.734</td><td>100</td></tr><tr><td>Oct. 26p</td><td>{Jan. 25 Apr. 26</td><td>91 182</td><td>2,038 1,252</td><td>1,101 600</td><td>2.325 2.708</td><td>101</td></tr></table>
Source: See Table 2. Information in Table 3 covers bill offerings January 2, 1953, through October 31, 1961.
1 Equivalent average rate on bank discount basis.
2/ Beginning March 1, 1959, the 13-week bills represent additional issues of bills with an original maturity of 16 weeks.
F Preliminary.
November 1961
39
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Date subscription books opened or bill tenders received</th><th>Date of issue</th><th>Description of security</th><th>Period to final maturity (years, months, days)</th><th>Amount of subscriptions tendered Cash</th><th>Amount issued For cash</th><th>Amount issued In exchange</th><th>Allotment ratio</th></tr><tr><td>2/2/53</td><td>2/15/53</td><td>2-1/4% Certificate - 2/15/54-A 2-1/2% Bond - 12/15/58</td><td>1y 5y 10m</td><td>- 8,114</td><td>8,114</td><td>8,114</td><td>100</td></tr><tr><td>2/4/53</td><td>4/1/53</td><td>1-1/2% Note - 4/1/58-EA</td><td>5y</td><td>- 620</td><td>620</td><td>620</td><td>100</td></tr><tr><td>4/13/53</td><td>5/1/53</td><td>3-1/4% Bond - 6/15/78-B3</td><td>30y 11m</td><td>5,250</td><td>418 6/1,188</td><td>418 6/</td><td>2/1</td></tr><tr><td>5/20/53</td><td>6/1/53</td><td>2-5/8% Certificate - 6/1/54-B</td><td>1y</td><td>- 4,858</td><td>4,858</td><td>4,858</td><td>100</td></tr><tr><td>5/29/53</td><td>6/3/53</td><td>2.383% Bill - 9/18/53 - Tax ant. 8/ (At auction)</td><td>107d</td><td>1,678</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 - 3/22/54-C - Tax ant. 2/</td><td>8m</td><td>8,687</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 - 8/15/54-D</td><td>1y</td><td>- 2,788</td><td>2,788</td><td>2,788</td><td>100</td></tr><tr><td>9/2/53</td><td>9/15/53 9/15/53</td><td>2-5/8% Certificate - 9/15/54-E 2-7/8% Note - 3/15/57-A</td><td>1y 3y 6m</td><td>- 4,724 - 1,997</td><td>- 4,724 - 2,997</td><td>-</td><td>100</td></tr><tr><td>10/28/53</td><td>10/1/53 11/9/53</td><td>1-1/2% Note - 10/1/58-EO 2-3/4% Bond - 9/15/61</td><td>5y 7y 10m</td><td>- 1,543</td><td>2,239</td><td>-</td><td>11/</td></tr><tr><td>11/18/53</td><td>12/1/53 2/15/53</td><td>1-7/8% Note - 12/15/54-B 2-1/2% Bond - 12/15/58 - Reopening</td><td>1y 5y 3m</td><td>- 8,175 - 1,748</td><td>- 8,175 - 1,748</td><td>-</td><td>100</td></tr><tr><td>2/1/54</td><td>2/15/54 2/15/54</td><td>1-5/8% Certificate - 2/15/55-A 2-1/2% Bond - 11/15/61</td><td>1y 7y 9m</td><td>- 7,007 - 11,177</td><td>- 7,007 - 11,177</td><td>-</td><td>100</td></tr><tr><td>3/16/54</td><td>3/22/54</td><td>.956% Bill - 6/24/54 - Tax ant. 8/ (At auction)</td><td>94d</td><td>2,717</td><td>1,501</td><td>-</td><td></td></tr><tr><td>4/21/54</td><td>4/27/54</td><td>.726% Bill - 6/18/54 - Tax ant. 8/ (At auction)</td><td>52d</td><td>2,987</td><td>1,001</td><td>-</td><td></td></tr><tr><td>5/5/54</td><td>4/1/54 5/17/54</td><td>1-1/2% Note - 4/1/59-FA 1-7/8% Note - 2/15/59-A</td><td>5y 4y 9m</td><td>- 119 - 9,750</td><td>- 119 - 2,205</td><td>-</td><td>100</td></tr><tr><td>5/17/54</td><td>5/17/54</td><td>1-1/8% Certificate - 5/17/55-B</td><td>1y</td><td>- 2,897</td><td>2,897</td><td>2,886</td><td>100</td></tr><tr><td>7/21/54</td><td>8/2/54</td><td>1% Certificate - 3/22/55-C - Tax ant. 9/</td><td>73m</td><td>9,250</td><td>3,734</td><td>-</td><td>13/</td></tr><tr><td>8/3/54</td><td>8/15/54 8/15/54</td><td>1-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60</td><td>1y 6y 3m</td><td>- 3,558 - 3,806</td><td>- 3,558 - 3,806</td><td>-</td><td>100</td></tr><tr><td>9/23/54</td><td>10/4/54</td><td>1-5/8% Note - 5/15/57-B</td><td>2y 73m</td><td>8,190</td><td>4,155</td><td>-</td><td>13/</td></tr><tr><td>11/22/54</td><td>10/1/54 12/15/54</td><td>1-1/2% Note - 10/1/59-BO 1-1/8% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63</td><td>5y 8y 1y</td><td>- 99 - 5,359 - 6,755</td><td>- 99 - 4,919 - 5,359 - 6,755</td><td>-</td><td>1c.</td></tr><tr><td>2/1/55</td><td>2/15/55 2/15/55</td><td>1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C 3% Bond - 2/15/95</td><td>1y 1m 2y 6m 40y</td><td>- 8,472 - 3,792 - 1,924</td><td>- 8,472 - 3,792 - 1,924</td><td>-</td><td>100</td></tr><tr><td>3/22/55</td><td>4/1/55 4/1/55</td><td>1-3/8% Certificate - 6/22/55-F - Tax ant. 9/ 1-1/2% Note - 4/1/60-EA</td><td>23m 5y</td><td>7,938</td><td>3,210</td><td>-</td><td>13/</td></tr><tr><td>5/3/55</td><td>5/17/55</td><td>1-1/2% Note - 8/15/56-B</td><td>1y 3m</td><td>3,989</td><td>2,532</td><td>3,174</td><td>15/</td></tr><tr><td>7/8/55</td><td>7/18/55</td><td>1-7/8% Certificate - 3/22/56-A - Tax ant. 9/</td><td>8m</td><td>10,620</td><td>2,202</td><td>-</td><td>16/</td></tr><tr><td>7/11/55</td><td>2/15/55</td><td>3% Bond - 2/15/55 - Reopening</td><td>39y 7m</td><td>1,720</td><td>821</td><td>-</td><td>17/</td></tr><tr><td>7/20/55</td><td>8/1/55 5/17/55</td><td>2% Certificate - 6/22/56-B - Tax ant. 9/ 2% Note - 8/15/56-B - Reopening</td><td>103m 1y</td><td>- 1,486 - 6,841</td><td>- 1,486 - 6,841</td><td>-</td><td>100</td></tr><tr><td>10/3/55</td><td>10/11/55</td><td>2-1/4% Certificate - 6/22/56-C - Tax ant. 9/ 1-1/2% Note - 10/1/66-EO</td><td>8m 5y</td><td>8,778</td><td>2,970</td><td>-</td><td>18/</td></tr><tr><td>11/28/55</td><td>12/1/55 12/1/55</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</td><td>1y 2y 6m</td><td>- 9,083 - 2,283</td><td>- 9,083 - 2,283</td><td>-</td><td>100</td></tr><tr><td>12/8/55</td><td>12/15/55</td><td>2.465% Bill - 3/23/56 - Tax ant. 8/ (At auction)</td><td>99d</td><td>4,130</td><td>1,501</td><td>-</td><td></td></tr><tr><td>3/5/56</td><td>3/5/56 12/1/55</td><td>2-5/8% Certificate - 2/15/57-A 2-7/8% Note - 6/15/58-A - Reopening</td><td>113m 2y 3m</td><td>- 7,219 - 2,109</td><td>- 7,219 - 2,109</td><td>-</td><td>100</td></tr><tr><td>7/16/56</td><td>4/1/56 7/16/56</td><td>1-1/2% Note - 4/1/61-EA 2-3/4% Note - 8/1/57-D</td><td>5y 1y 4m</td><td>144</td><td>144</td><td>-</td><td>100</td></tr><tr><td>8/6/56</td><td>8/15/56</td><td>2-3/4% Certificate - 3/22/57-B - Tax ant. 9/</td><td>7m</td><td>12,056</td><td>12,056</td><td>-</td><td>100</td></tr><tr><td>10/10/56</td><td>10/1/56 10/17/56</td><td>1-1/2% Note - 10/1/61-BO 2.627% Bill - 1/16/57 - At auction</td><td>5y 91d</td><td>10,613 - 332 4,761</td><td>- 3,221 - 332 1,603</td><td>-</td><td>10c</td></tr><tr><td>11/13/56</td><td>11/16/56</td><td>2.617% Bill - 2/15/57 - At auction</td><td>91d</td><td>4,637</td><td>1,750</td><td>-</td><td></td></tr><tr><td>11/19/56</td><td>12/1/56 12/1/56</td><td>3-1/4% Certificate - 6/24/57-C - Tax ant. 9/ 3-1/4% Certificate - 10/1/57-D</td><td>63m 10m</td><td>- 1,312 - 7,271</td><td>- 1,312 - 7,271</td><td>-</td><td>100</td></tr><tr><td>12/12/56</td><td>12/17/56</td><td>2.58% Bill - 3/22/57 - Tax ant. 8/ (At auction)</td><td>95d</td><td>3,786</td><td>1,000</td><td>-</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Date subscription books opened or bill tenders received</th><th>Date of issue</th><th>Description of security 1/</th><th>Period to final maturity (years, months, days) 2/</th><th>Amount of subscriptions tendered Cash 2/</th><th>Amount issued For cash 3/</th><th>Amount issued In exchange 4/</th><th>Allotment ratio</th></tr><tr><td>1/11/57</td><td>1/16/57</td><td>3.305% Bill - 6/24/57 - Tax ant. 8/ (At auction)</td><td>159d</td><td>2,414</td><td>1,601 20/</td><td>-</td><td rowspan="4">100</td></tr><tr><td>2/4/57</td><td>2/15/57</td><td>3-3/8% Certificate - 2/14/58-A 3-1/2% Note - 5/15/60-A</td><td>1y 3y 3m</td><td>- 8,414 1,464</td><td>- 8,414 1,464</td><td>-</td></tr><tr><td>2/7/57</td><td>2/15/57</td><td>3.231% Bill - 6/24/57 - Tax ant. 8/ (At auction)</td><td>129d</td><td>2,302</td><td>1,750 20/</td><td>-</td><td rowspan="4">54/</td></tr><tr><td>3/18/57</td><td>2/15/57 2/15/57</td><td>3-3/8% Certificate - 2/14/58-A - Reopening 3-1/2% Note - 5/15/60-A - Reopening</td><td>101m 3y 11m</td><td>7,489 5,868</td><td>2,437 942</td><td>-</td></tr><tr><td>5/</td><td>4/1/57</td><td>1-1/2% Note - 4/1/62-EA</td><td>5y</td><td>-</td><td>551</td><td>551</td><td>100</td></tr><tr><td>5/6/57</td><td>5/1/57 5/1/57</td><td>3-1/2% Certificate - 4/15/58-B 3-5/8% Note - 2/15/62-A</td><td>111m 4y 92m</td><td>- 2,351 647</td><td>- 2,351 647</td><td>-</td><td>100</td></tr><tr><td>5/22/57</td><td>5/27/57</td><td>2.825% Bill - 9/23/57 - Tax ant. 8/ (At auction)</td><td>119d</td><td>3,089</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 - 3/24/58 - Tax ant. 8/ (At auction)</td><td>264d</td><td>4,547</td><td>3,002</td><td>-</td><td></td></tr><tr><td>7/22/57</td><td>8/1/57 8/1/57</td><td>3-5/8% Certificate - 12/1/57-E 4% Certificate - 8/1/58-C 4% Note - 8/1/61-A 52/</td><td>4m 1y 4y</td><td>- 9,871 10,487 2,509</td><td>100 100 100</td><td>9,871 10,487 2,509</td><td>100 52/</td></tr><tr><td>8/14/57</td><td>8/21/57</td><td>4.173% Bill - 4/15/58 - At auction</td><td>237d</td><td>3,178</td><td>1,751</td><td>-</td><td></td></tr><tr><td>9/16/57</td><td>8/26/57 10/1/57</td><td>4% Certificate - 8/15/58-C - Reopening 4% Note - 8/15/62-B 24/ 4% Bond - 10/1/69</td><td>10m 4y 11m 12y</td><td>3,077 6,121 4,648</td><td>933 2,000 657</td><td>-</td><td>24/ 26/</td></tr><tr><td>5/</td><td>10/1/57</td><td>1-1/2% Note - 10/1/62-BO</td><td>5y</td><td>-</td><td>590</td><td>590</td><td>100</td></tr><tr><td>11/20/57</td><td>11/29/57 12/2/57</td><td>3-3/4% Note - 11/15/62-C 3-7/8% Bond - 11/15/74</td><td>4y 111m 16y 111m</td><td>7,786 3,817</td><td>1,143 654</td><td>-</td><td>57/ 28/</td></tr><tr><td>11/21/57</td><td>12/1/57</td><td>3-3/4% Certificate - 12/1/58-D</td><td>1y</td><td>-</td><td>9,833</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 - 2/14/59-A 3% Bond - 2/15/64 3-1/2% Bond - 2/15/90</td><td>1y 6y 32y</td><td>- 9,770 3,854 1,727</td><td>- 9,770 3,854 1,727</td><td>-</td><td>100</td></tr><tr><td>2/28/58</td><td>2/28/58</td><td>3% Bond - 8/15/66</td><td>8y 51m</td><td>6,715</td><td>1,484</td><td>-</td><td>52/</td></tr><tr><td>5/</td><td>4/1/58</td><td>1-1/2% Note - 4/1/63-EA</td><td>5y</td><td>-</td><td>533</td><td>533</td><td>100</td></tr><tr><td>4/7/58</td><td>4/15/58</td><td>2-5/8% Note - 2/15/63-A</td><td>4y 10m</td><td>15,741</td><td>3,971</td><td>-</td><td>20/</td></tr><tr><td>6/3/58</td><td>6/3/58</td><td>3-1/4% Bond - 5/15/85 - Issued at 1001/2</td><td>26y 11m</td><td>2,570</td><td>1,135</td><td>-</td><td>21/</td></tr><tr><td>6/4/58</td><td>6/15/58 6/15/58</td><td>1-1/4% Certificate - 5/15/59-B 2-5/8% Bond - 2/15/65</td><td>11m 6y 8m</td><td>- 1,817 7,388</td><td>- 1,817 7,388</td><td>-</td><td>100</td></tr><tr><td>7/21/58</td><td>8/1/58</td><td>1-5/8% Certificate - 8/1/59-C</td><td>1y</td><td>-</td><td>13,500</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 - 3/24/59-D - Tax ant. 2/</td><td>8m</td><td>5,962</td><td>3,567</td><td>-</td><td>3/</td></tr><tr><td>5/</td><td>10/1/58 10/8/8</td><td>1-1/2% Note - 10/1/63-BO 3.25% Bill - 5/15/59 - Special at fixed price</td><td>5y 219d</td><td>- 5,805</td><td>- 4,735</td><td>-</td><td>100</td></tr><tr><td>9/29/58</td><td>10/10/58</td><td>3-1/2% Note - 11/15/59-B</td><td>1y 1m</td><td>2,686</td><td>1,184</td><td>-</td><td>33/</td></tr><tr><td>11/14/58</td><td>11/20/58</td><td>2.999% Bill - 6/22/59 - Tax ant. 8/ (At auction)</td><td>214d</td><td>5,950</td><td>2,997</td><td>-</td><td></td></tr><tr><td>11/19/58</td><td>12/1/58 12/1/58</td><td>3-3/8% Certificate - 11/15/59-E - Issued at 99.95 3-5/8% Note - 5/15/61-B - Issued at 99-7/8</td><td>111m 2y 51m</td><td>- 7,711 4,078</td><td>- 7,711 4,078</td><td>-</td><td>100</td></tr><tr><td>1/12/59</td><td>1/21/59 1/23/59</td><td>3-1/4% Note - 5/15/60-B - Issued at 99-3/4 4% Bond - 2/15/80 - Issued at 99.00</td><td>1y 4m 21y 1m</td><td>5,508 1,800</td><td>7,738 884</td><td>-</td><td>5/</td></tr><tr><td>2/2/59</td><td>2/15/59 2/15/59</td><td>3-3/4% Certificate - 2/15/60-A - Issued at 99.993 4% Note - 2/15/62-D - Issued at 99.993</td><td>1y 3y</td><td>- 11,363 1,435</td><td>- 11,363 1,435</td><td>-</td><td>100</td></tr><tr><td>2/11/59</td><td>2/16/59</td><td>3.293% Bill - 9/21/59 - Tax ant. 8/ (At auction)</td><td>217d</td><td>2,984</td><td>1,502</td><td>-</td><td></td></tr><tr><td>3/23/59</td><td>4/1/59 10/1/57</td><td>4% Note - 5/15/63-B 10/1/69 - Reopening</td><td>4y 110m 6m</td><td>3,052 1,502</td><td>1,743 619</td><td>-</td><td>36/ 47/</td></tr><tr><td>5/</td><td>4/1/59</td><td>1-1/2% Note - 4/1/64-EA</td><td>5y</td><td>-</td><td>457</td><td>457</td><td>100</td></tr><tr><td>3/26/59</td><td>4/1/59</td><td>3.386% Bill - 1/15/60 - At auction</td><td>289d</td><td>3,445</td><td>2,006</td><td>-</td><td></td></tr><tr><td>5/6/59</td><td>5/11/59</td><td>3.835% Bill - 4/15/60 - At auction</td><td>340d</td><td>3,461</td><td>2,003</td><td>-</td><td></td></tr><tr><td>5/7/59</td><td>5/15/59</td><td>3.565% Bill - 12/22/59 - Tax ant. 8/ (At auction)</td><td>221d</td><td>1,699</td><td>1,500</td><td>-</td><td></td></tr><tr><td>5/11/59</td><td>5/15/59</td><td>4% Certificate - 5/15/60-B - Issued at 99.95</td><td>1y</td><td>-</td><td>1,269</td><td>1,269</td><td>100</td></tr></table>
Footnotes at end of table.
(Continued on following page)
November 1961
41
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 2/</th><th>Exchange</th><th>For cash 2/</th><th>In exchange 4/</th><th></th></tr><tr><td>7/1/59</td><td>7/8/59</td><td>4.075% Bill</td><td>3/22/60 - Tax ant. 8/ (At auction)</td><td>258d</td><td>4,299</td><td>-</td><td>3,005</td><td>-</td><td rowspan="2">100</td></tr><tr><td>7/8/59</td><td>7/15/59</td><td>4.72% Bill</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 4-3/4% Note</td><td>5/15/64-A 8/15/60-C</td><td>4y 10m 123m</td><td>-</td><td>4,184 9,561</td><td>-</td><td>4,184 9,561</td><td>100</td></tr><tr><td>8/13/59 5/</td><td>7/8/59 10/1/59</td><td>3.71% Bill 1-1/2% Note</td><td>3/22/60 - Tax ant. 8/ (Reopening) 10/1/64-E0</td><td>216d 5y</td><td>3,216</td><td>-</td><td>999</td><td>-</td><td>100</td></tr><tr><td>10/6/59</td><td>10/15/59</td><td>5% Note</td><td>8/15/64-B</td><td>4y 10m</td><td>11,125</td><td>490</td><td>2,316</td><td>490</td><td>38/</td></tr><tr><td>10/14/59</td><td>10/21/59</td><td>4.783% Bill</td><td>6/22/60 - Tax ant. 8/ (At auction)</td><td>245d</td><td>3,779</td><td>-</td><td>2,002</td><td>-</td><td></td></tr><tr><td>11/2/59</td><td>11/15/59 11/15/59</td><td>4-3/4% Certificate 4-7/8% Note</td><td>11/15/60-C 11/15/63-C</td><td>1y 4y</td><td>-</td><td>7,037 3,011</td><td>-</td><td>7,037 3,011</td><td>100</td></tr><tr><td>11/23/59</td><td>7/20/59</td><td>4-3/4% Note</td><td>5/15/64-A - Reopening at 99-3/4</td><td>4y 6m</td><td>-</td><td>749 39/</td><td>-</td><td>749 39/</td><td>100</td></tr><tr><td>11/24/59</td><td>12/2/59</td><td>4.86% Bill</td><td>10/17/60 - At auction</td><td>320d</td><td>3,965</td><td>-</td><td>2,007</td><td>-</td><td></td></tr><tr><td>1/5/60</td><td>10/21/59</td><td>4.726% Bill</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><td></td></tr><tr><td>1/12/60</td><td>1/15/60</td><td>5.067% Bill</td><td>1/15/61 - At auction</td><td>1y</td><td>2,303</td><td>-</td><td>1,504 40/</td><td>-</td><td></td></tr><tr><td>2/1/60</td><td>2/15/60 2/15/60</td><td>4-7/8% Certificate 4-7/8% Note</td><td>2/15/61-A 11/15/64-C - Issued at 99.75</td><td>1y 4y 9m</td><td>-</td><td>6,938 4,195</td><td>-</td><td>6,938 4,195</td><td>100</td></tr><tr><td>5/</td><td>4/1/60</td><td>1-1/2% Note</td><td>4/1/65-EA</td><td>5y</td><td>-</td><td>466</td><td>-</td><td>466</td><td>100</td></tr><tr><td>4/4/60</td><td>4/15/60 4/14/60</td><td>4-1/4% Bond 4% Note</td><td>5/15/75-85 5/15/62-E</td><td>25y 13m 2y 1m</td><td>370 6,715</td><td>-</td><td>470 2,211</td><td>-</td><td>10 45</td></tr><tr><td>4/12/60</td><td>4/15/60</td><td>4.608% Bill</td><td>4/15/61 - At auction</td><td>1y</td><td>2,001</td><td>-</td><td>2,001 45/</td><td>-</td><td></td></tr><tr><td>5/2/60</td><td>5/15/60 5/15/60</td><td>4-3/8% Certificate 4-5/8% Note</td><td>5/15/61-B 5/15/65-A</td><td>1y 5y</td><td>-</td><td>3,674 2,113</td><td>-</td><td>3,674 2,113</td><td>100</td></tr><tr><td>6/8/60</td><td>6/23/60 6/23/60</td><td>3-3/4% Note 3-7/8% Bond</td><td>5/15/64-D 5/15/68</td><td>3y 7y 11m 11m</td><td>-</td><td>4,556 320</td><td>-</td><td>3,893 320</td><td>52/ 100</td></tr><tr><td>7/6/60</td><td>7/13/60</td><td>2.823% Bill</td><td>3/22/61 - Tax ant. 8/ (At auction)</td><td>252d</td><td>4,404</td><td>-</td><td>3,512</td><td>-</td><td></td></tr><tr><td>7/12/60</td><td>7/15/60</td><td>3.265% Bill</td><td>7/15/61 - At auction</td><td>1y</td><td>3,036</td><td>-</td><td>1,501 40/</td><td>-</td><td></td></tr><tr><td>8/1/60</td><td>8/15/60 6/23/60</td><td>3-1/8% Certificate 3-7/8% Bond</td><td>8/1/61-C 5/15/68 - Reopening</td><td>113m 7y 9m</td><td>17,389 5,183</td><td>-</td><td>2,078 1,044</td><td>5,751 28/ 46/</td><td>12/ 45/</td></tr><tr><td>5/</td><td>10/1/60</td><td>1-1/2% Note</td><td>10/1/65-E0</td><td>5y</td><td>-</td><td>315</td><td>-</td><td>315</td><td></td></tr><tr><td>9/12/60</td><td>10/3/60 2/14/58 10/3/60</td><td>3-1/2% Bond 3-1/2% Bond 3-1/2% Bond</td><td>11/15/80 2/15/90 - Reopening 11/15/98</td><td>20y 29y 38y 13m</td><td>-</td><td>643 993 2,343</td><td>-</td><td>643 993 2,343</td><td>100</td></tr><tr><td>10/11/60</td><td>10/17/60</td><td>3.131% Bill</td><td>10/16/61 - At auction</td><td>1y</td><td>3,300</td><td>-</td><td>1,502 40/</td><td>-</td><td></td></tr><tr><td>10/18/60</td><td>10/21/60</td><td>2.788% Bill</td><td>6/22/61 - Tax ant. 8/ (At auction)</td><td>8m</td><td>5,440</td><td>-</td><td>3,504</td><td>-</td><td></td></tr><tr><td>10/31/60</td><td>11/15/60 11/15/60</td><td>3-1/4% Note 3-3/4% Bond</td><td>2/15/62-F 5/15/66</td><td>1y 5y 3m 6m</td><td>-</td><td>9,098 1,213</td><td>-</td><td>9,098 1,213</td><td></td></tr><tr><td>11/21/60</td><td>10/1/57</td><td>4% Bond</td><td>10/1/69 - Reopening at 1001/2</td><td>8y 91m</td><td>-</td><td>148 50/</td><td>-</td><td>148 50/</td><td>10</td></tr><tr><td>1/11/61</td><td>1/15/61</td><td>2.679% Bill</td><td>1/15/62 - At auction</td><td>1y</td><td>3,078</td><td>-</td><td>1,502 41/</td><td>-</td><td></td></tr><tr><td>2/6/61</td><td>2/15/61</td><td>3-1/4% Note</td><td>8/15/62-G</td><td>1y 6m</td><td>18,380 51/</td><td>-</td><td>1,655</td><td>3,670</td><td>53</td></tr><tr><td>3/20/61</td><td>3/15/61 3/15/61</td><td>3-3/8% Bond 3-5/8% Bond</td><td>11/15/66 11/15/67</td><td>5y 6y 8m</td><td>-</td><td>2,438p 3,604p</td><td>-</td><td>2,438p 3,604p</td><td>100 24/</td></tr><tr><td>5/</td><td>4/1/61</td><td>1-1/2% Note</td><td>4/1/66-EA</td><td>5y</td><td>-</td><td>675</td><td>-</td><td>675</td><td></td></tr><tr><td>3/28/61</td><td>4/3/61</td><td>2.473% Bill</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></td></tr><tr><td>4/12/61</td><td>4/15/61</td><td>2.827% Bill</td><td>4/15/62 - At auction</td><td>1y</td><td>4,116</td><td>-</td><td>2,000</td><td>-</td><td></td></tr><tr><td>5/1/61</td><td>5/15/61 5/15/61</td><td>3% Certificate 3-1/4% Note</td><td>5/15/62-A 5/15/63-D</td><td>1y 2y</td><td>13,819 12,947</td><td>55/</td><td>3,728 1,903</td><td>1,781 85/</td><td>12/</td></tr><tr><td>6/8/61</td><td>6/14/61</td><td>2.308% Bills</td><td>8/3/61 - "Strip" of 18 series 28/ (At auction)</td><td>109.6d (Average)</td><td>4,673</td><td>-</td><td>1,802</td><td>-</td><td></td></tr><tr><td>7/11/61</td><td>7/15/61</td><td>2.908% Bill</td><td>7/15/62 - At auction</td><td>1y</td><td>4,174</td><td>-</td><td>1,044</td><td>-</td><td></td></tr><tr><td>7/17/61</td><td>8/1/61 8/1/61 6/23/60</td><td>3-1/4% Note 3-3/4% Note 3-7/8% Bond</td><td>11/15/62-H 8/15/64-E 5/15/68 - Reopening</td><td>1y 3y 6y 91m</td><td>-</td><td>6,082p 5,019p 740p</td><td>-</td><td>6,082p 5,019p 740p</td><td>100</td></tr><tr><td>7/20/61</td><td>7/26/61</td><td>2.484% Bill</td><td>3/23/62 - Tax ant. 8/ (At auction)</td><td>240d</td><td>5,149</td><td>-</td><td>3,502</td><td>-</td><td></td></tr></table>
Footnotes on following page.
42
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</th><th>Period to final maturity (years, months, days)</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</th><th>Exchange</th><th>For cash</th><th>In exchange</th><th></th></tr><tr><td>9/11/61</td><td>{ 10/3/60 2/14/58 10/3/60</td><td>3-1/2% Bond 3-1/2% Bond 3-1/2% Bond</td><td>- - -</td><td>11/15/80 2/15/90 11/15/98</td><td>19y 28y 37y</td><td>2m 5m 2m</td><td>- - -</td><td>1,272p 1,297p 1,186p</td><td>100.52/</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. 8/ (At auction)</td><td>268d</td><td>5,131</td><td>-</td><td>2,511</td><td>-</td></tr><tr><td>2/</td><td>10/1/61</td><td>1-1/2% Note</td><td>-</td><td>10/1/oo-BC</td><td>5y</td><td>-</td><td>17</td><td>-</td><td>17</td></tr><tr><td>10/1/61</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 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>2.775% Bill</td><td>-</td><td>10/15/62 - At auction</td><td>1y</td><td>3,756p</td><td>-</td><td>2,003p 49/</td><td>-</td></tr><tr><td>11/6/61</td><td>{ 11/15/61 1.1.7/0 1.1.7/2</td><td>3-1/4% Note 3-3/4% Bond 3-7/8% Bond</td><td>- - -</td><td>11/15/63-E 11/1/70 - Reopening issued at 99.75 11/15/74 - Reopening issued at 99.00</td><td>1y 3m 13y</td><td>3,642p 2,382p 517p</td><td>-</td><td>3,642p 2,382p 517p</td><td>100.6/</td></tr><tr><td>11/4/61</td><td>11/11/61</td><td>2.277% Bills</td><td>-</td><td>{ 1.7/61 "Strip" of 8 series 1/1/ (At auction) 1/25/62</td><td>46.5d (Average)</td><td>1,519p</td><td>-</td><td>800f</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 par except as noted. For bill issues sold at auction the rate shown is the equivalent average rate (bank discount basis) on accepted bids. For details of bill offerings, see Table 2. In re-openings, the amount issued is in addition to the amount in original offering.
2/ From date of additional issue in case of a reopening.
1/ 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.
2/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951. For further information on the original offering see "Treasury Bulletin" for April 1951, page A-1. Amounts shown are as of October 31, 1961.
6/ The bond offering was made available for exchange of Series F and G savings bonds maturing from May 1 through December 31, 1953.
7/ 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.
2/ 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.
K/ 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.
L/ 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 $2,000 on any one subscription.
M/ 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.
N/ 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.
O/ 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.
P/ 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.
Q/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case less than $100,000.
17/ Subscriptions from savings-type investors totaled $749 million and were allotted 65 percent. Subscriptions from all other investors totaled $970 million and were allotted 30 percent. Subscriptions for $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.
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.
Redeemable at the option of the holder on August 1, 1959, on three months' advance notice.
21/ In addition to the amounts issued in exchange, the Treasury allotted $100 million of each issue to Government investment accounts.
22/ Redeemable at the option of the holder on February 15, 1960, on three months' advance notice.
23/ 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.
24/ 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.
25/ 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.
26/ 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.
27/ 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.
November 1961
43
PUBLIC DEBT OPERATIONS
Footnotes to Table 4. - (Continued)
20/ 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.
21/ 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.
22/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case less than $100,000.
23/ Subscriptions for $100,000 or less for the bills and $50,000 or less for the notes were allotted in full. Subscriptions for more than the minimum for each issue were allotted 44 percent on bills and 35 percent on notes but in no case less than the minimum. In addition, $100 million of the notes were allotted to Government investment accounts.
24/ 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.
25/ 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).
26/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case less than $100,000. In addition, $100 million of the notes were allotted to Government investment accounts.
27/ Subscriptions from savings-type investors totaled $240 million and were allotted 65 percent. Subscriptions from commercial banks for their own account totaled $941 million and were allotted 35 percent. Subscriptions from all other investors totaled $322 million and were allotted 20 percent. Subscriptions for $25,000 or less from savings-type investors and commercial banks, and for $10,000 or less from all others, were allotted in full. Subscriptions for more than these minimums were allotted not less than the minimums. In addition, $50 million of the bonds were allotted to Government investment accounts.
38/ 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.
39/ Holders of approximately $1,600 million of Series F and G savings bonds issued in 1948, which mature in 1960, were offered in exchange the 4-3/4% notes, with certain adjustments as of December 15, 1959, at a price of 99-3/4%. 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 $3 million.
40/ Issued as a rollover of maturing one-year bills.
41/ Savings-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.
42/ 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, $77.4 million of the notes were allotted to Government investment accounts.
43/ 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 $5,000. In addition, $71 million of the notes were allotted to Government investment accounts.
44/ 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 to order that holders of 3-5/8% Federal National Mortgage Association notes maturing August 23, 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. 47/ 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 reserve States, Government investment accounts, and the Federal Reserve Banks as provided in the offering circular, totaled $5,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were allotted 13 percent but in no case less than $25,000; all others were allotted 13 percent but in no case less than $25,000. 48/ 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. 49/ 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. 50/ Holders of approximately $750 million of Series F and C 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 1001/2. 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. 53/ Subscriptions from States, political sub-divisions 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 State, Government investment accounts and the Federal Reserve Banks, as provided in the offering circular, totaled $4,364 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. 54/ 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. 57/ There were allotted in full all subscriptions totaling about $2,379 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 $25,000. 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 $3,80.4 million of the 3-1/2% bonds of 1980, $160.6 million of the 3-1/2% bonds of 1990 and $289.5 million of the 3-1/2% bonds of 1998. 60/ Subscriptions of $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. 61/ Sale of a "strip" of Treasury bills, consisting of an additional $100 million for cash of eight series of weekly Treasury bills maturing from December 7, 1961, to January 25, 1962. 62/ Includes $2 million by Government investment accounts to the 3-1/4% notes, $4 million to the 3-3/4% bonds of 1966, and $136 million the 3-3/4% bonds of 1974. p Preliminary.
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills 1/
(In millions of dollars)
<table><tr><th rowspan="2">Date of financing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="10">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 Banke</th><th>Commercial banks 2/</th><th>Individuals 3/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 5/</th><th>Dealers and brokers</th><th>All other 6/</th></tr><tr><td>2/15/53</td><td>2-1/4% Cert. 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>1,363 25</td></tr><tr><td>5/1/53</td><td>3-1/4% Bond 6/15/78-83</td><td>1,188</td><td>418</td><td>118 1</td><td>131 1</td><td>261 287</td><td>98 19</td><td>99 13</td><td>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 12/15/54-B 2-1/2% Bond 12/15/58 9/</td><td>-</td><td>8,175 1,748</td><td>6,997 5</td><td>360 1,174</td><td>112 43</td><td>12 61</td><td>2 52</td><td>339 110</td><td>1 13</td><td>1</td><td>100 26</td><td>42 169</td><td>209 94</td></tr><tr><td>2/15/54</td><td>1-5/8% Cert 2/15/55-A 2-1/2% Bond 11/15/61</td><td>-</td><td>7,007 11,177</td><td>3,922 10</td><td>1,508 8,733</td><td>152 209</td><td>46 467</td><td>7 218</td><td>756 535</td><td>6 92</td><td>*</td><td>269 163</td><td>123 450</td><td>218 293</td></tr><tr><td>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</td><td>2,205 3,886</td><td>2,897 1,686</td><td>26 1</td><td>1,138 2,011</td><td>175 41 68</td><td>146 74 28</td><td>139 23 4</td><td>216 247 558</td><td>36 20 6</td><td>*</td><td>1 1</td><td>37 103 294</td><td>219 276 76</td><td>73 130 180</td></tr><tr><td>8/2/54</td><td>1% Cert. 3/22/55-C 8/</td><td>3,734</td><td>-</td><td>1</td><td>2,011</td><td>39</td><td>59</td><td>41</td><td>1,146</td><td>3</td><td>1</td><td>156</td><td>192</td><td>85</td></tr><tr><td>8/15/54</td><td>1-1/8% Cert. 8/15/55-D 2-1/8% Bond 11/15/60</td><td>-</td><td>3,558 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. 8/15/55-D 9/ 1-1/4% Cert. 12/15/55-E 2-1/2% Bond 8/15/63</td><td>-</td><td>4,919 5,359 6,755</td><td>4,763 2,520 -</td><td>57 1,299 5,503</td><td>9 103 144</td><td>1 41 226</td><td>*</td><td>30 662 152</td><td>13 5 37</td><td>-</td><td>6 311 156</td><td>6 120 240</td><td>34 284 144</td></tr><tr><td>2/15/55</td><td>1-5/8% Note 3/15/56-A 2% Note 8/15/57-C 3% Bond 2/15/95</td><td>-</td><td>8,472 1,792 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 3,174</td><td>-</td><td>1,686</td><td>1,747 614</td><td>36 53</td><td>10 19</td><td>4 6</td><td>545 355</td><td>2 22</td><td>4</td><td>21 203</td><td>62 82</td><td>101 134</td></tr><tr><td>7/18/55</td><td>1-7/8% Cert. 3/22/56-A 8/</td><td>2,202</td><td>-</td><td>-</td><td>1,047</td><td>37</td><td>17</td><td>1</td><td>988</td><td>1</td><td>1</td><td>45</td><td>36</td><td>29</td></tr><tr><td>7/20/55</td><td>3% Bond 2/15/95 9/</td><td>821</td><td>-</td><td>25</td><td>216</td><td>21</td><td>119</td><td>105</td><td>33</td><td>110</td><td>59</td><td>20</td><td>53</td><td>60</td></tr><tr><td>8/1/55</td><td>2% Cert. 6/22/56-B 8/ 2% Note 8/15/56-B 9/</td><td>-</td><td>1,486 6,841</td><td>-</td><td>387 400</td><td>29 64</td><td>21 32</td><td>10 9</td><td>666 205</td><td>5 31</td><td>2 3</td><td>96 151</td><td>222 7</td><td>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. 12/1/56-D 2-7/8% Note 6/15/58-A</td><td>-</td><td>9,083 2,283</td><td>5,757 1</td><td>1,349 1,099</td><td>108 52</td><td>33 62</td><td>16 37</td><td>998 478</td><td>4 24</td><td>2 1</td><td>342 261</td><td>240 137</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. 2/15/57-A 2-7/8% Note 6/15/58-A 9/</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.</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)
November 1961
45
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 17 (Continued)
eekly Treasury Bt
<table><tr><th rowspan="2">Date of financing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="7">Allotments by investor classes</th><th colspan="3">State and local governments 2/</th><th rowspan="2">Dealers and brokers 6/</th><th rowspan="2">All other 6/</th></tr><tr><th>For cash</th><th>In exchange for other securities</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Commercial banks 2/</th><th>Individuals 3/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>Pension and retirement funds</th><th>Other funds</th></tr><tr><td>3/28/57</td><td>3-3/8% Cert. 3-1/2% Note 2/14/58-A 5/15/60-A 9/</td><td>2,437 942</td><td>- 2,351</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 4/15/58-B 2/15/62-A</td><td>- -</td><td>2,351 647</td><td>100 365</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 9/23/57 8/</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 3/24/58 8/</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 12/1/57-E 8/1/58-C 8/1/61-A</td><td>100 100 100 11/ 100 11/</td><td>9,8/1 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 4/15/58</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. 4% Note 8/15/58-C 8/15/62-B</td><td>933 2,000</td><td>- -</td><td>100 100</td><td>756 1,450</td><td>23 93</td><td>2 31</td><td>1 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 2/14/59-A 2/15/64</td><td>- -</td><td>9,770 3,854</td><td>5,752 48</td><td>1,404 2,780</td><td>171 81</td><td>70 52</td><td>18 42</td><td>1,095 163</td><td>39 44</td><td>2 1</td><td>588 81</td><td>173 306</td><td>458 256</td></tr><tr><td>2/28/58</td><td>3-1/2% Bond 8/15/66</td><td>-</td><td>1,727</td><td>82</td><td>520</td><td>87</td><td>176</td><td>68</td><td>113</td><td>47</td><td>10</td><td>77</td><td>461</td><td>86</td></tr><tr><td>4/15/58</td><td>3% Bond 2-5/8% Note 2/15/63-A</td><td>1,484 3,971</td><td>- -</td><td>100 102</td><td>676 2,511</td><td>113 221</td><td>53 110</td><td>85 141</td><td>145 258</td><td>7 29</td><td>2 2</td><td>16 16</td><td>154 346</td><td>133 235</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 5/15/59-B 2/15/65</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. 8/1/59-C</td><td>-</td><td>13,500</td><td>7,218</td><td>3,600</td><td>160</td><td>87</td><td>43</td><td>911</td><td>26</td><td>8</td><td>546</td><td>550</td><td>351</td></tr><tr><td>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-B</td><td>1,184</td><td>-</td><td>105</td><td>664</td><td>78</td><td>20</td><td>19</td><td>125</td><td>4</td><td>1</td><td>49</td><td>25</td><td>94</td></tr><tr><td>11/20/58</td><td>2.999% Bill 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 11/15/59-E 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. 4% Note 2/15/60-A 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/ 4% Cert. 5/15/60-B</td><td>1,500 -</td><td>1,269</td><td>155</td><td>539 367</td><td>14 33</td><td>4 15</td><td>1 23</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-B</td><td>2,316</td><td>-</td><td>100</td><td>587</td><td>778</td><td>148</td><td>138</td><td>91</td><td>107</td><td>51</td><td>29</td><td>58</td><td>229</td></tr><tr><td>10/21/59</td><td>4.783% Bill 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. 4-7/8% Note 11/15/60-C 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 3</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 2/</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/ 2,016</td><td>-</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)
46
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="2">Issue</th><th colspan="2">Amount issued</th><th colspan="8">Allotments by investor classes</th><th rowspan="2">State and local governments 2/</th><th rowspan="2">Dealers and brokers 6/</th><th rowspan="2">All other 6/</th></tr><tr><th>Date of financing</th><th>Description of security</th><th>For caab</th><th>In exchange for other securities</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Commercial banks 2/</th><th>Individuals 2/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>Pension and retirement funds</th><th>Other funds</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>301 121</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>402</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</td><td>1,501 12/</td><td>-</td><td>236</td><td>612</td><td>31</td><td>6</td><td>3</td><td>117</td><td>1</td><td>1</td><td>90</td><td>290</td><td>114</td></tr><tr><td>8/15/60</td><td>3-1/8% Cert. 8/1/61-C 3-7/8% Bond 5/15/68 9/</td><td>13/2,078 (1,042</td><td>5,751 28</td><td>5,541 25</td><td>797 544</td><td>83 61</td><td>14 78</td><td>25 90</td><td>385 38</td><td>16 19</td><td>26 17</td><td>600 17</td><td>117 88</td><td>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 2/ 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 2/</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>406</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 3,604b</td><td>39 560</td><td>1,774 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</td><td>2,000 12/</td><td>-</td><td>326</td><td>896</td><td>17</td><td>9</td><td>9</td><td>90</td><td>1</td><td>8</td><td>49</td><td>448</td><td>147</td></tr><tr><td>5/15/61</td><td>3% Cert. 5/15/62-A 13/ 3-1/4% Note 5/15/63-D</td><td>13/3,728 (1,903</td><td>1,781 850</td><td>1,818 837</td><td>2,004 907</td><td>72 81</td><td>75 33</td><td>59 54</td><td>419 157</td><td>35 12</td><td>6 3</td><td>414 343</td><td>257 129</td><td>350 197</td></tr><tr><td>6/14/61</td><td>2.308% Bills 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>7/15/61</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>2.484% Bill 3/23/62 8/</td><td>3,503</td><td>-</td><td>-</td><td>3,473</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 2/</td><td>-</td><td>6,082p 5,019p 746p</td><td>3,386 1,600 58</td><td>1,241 2,203 309r</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</td><td>267 302 51r</td></tr><tr><td>9/15/61</td><td>3-1/2% Bond 11/15/80 3-1/2% Bond 2/15/90 12/ 3-1/2% Bond 11/15/98</td><td>-</td><td>1,272p 1,297p 1,186p</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>70 62 20</td></tr><tr><td>9/27/61</td><td>2.705% Bill 6/22/62 8/</td><td>2,511</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><tr><td>10/11/61</td><td>3-1/4% Note 5/15/63-D 2/</td><td>2,295p</td><td>-</td><td>100</td><td>2,056</td><td>9</td><td>7</td><td>2</td><td>20</td><td>2</td><td>*</td><td>3</td><td>82</td><td>14</td></tr><tr><td>10/16/61</td><td>2.975% Bill 10/15/62</td><td>2,003p 12/</td><td>-</td><td>111</td><td>939</td><td>9</td><td>3</td><td>3</td><td>131</td><td>3</td><td>3</td><td>19</td><td>667</td><td>115</td></tr><tr><td colspan="15">Source: Based on subscription and allotment reports. For detail of offerings see Table 4.</td></tr><tr><td colspan="15">1/ Excludes 1-1/2% Treasury notes issued in exchange to holders of nonmarketable 2-3/4% Treasury bonds, Investment Series B-1975-80.</td></tr><tr><td colspan="15">2/ Includes trust companies and stock savings banks.</td></tr><tr><td colspan="15">3/ Includes partnerships and personal trust accounts.</td></tr><tr><td colspan="15">4/ Exclusive of banks and Insurance companies.</td></tr><tr><td colspan="15">5/ Consists of trust, sinking, and investment funds of State and local governments and their agencies.</td></tr><tr><td colspan="15">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.</td></tr><tr><td colspan="15">7/ Included in "All other."</td></tr><tr><td colspan="15">8/ Tax anticipation security.</td></tr><tr><td colspan="15">9/ Reopening of earlier issue.</td></tr><tr><td colspan="15">10/ Issued as a rollover of bills maturing January 16, 1957, and February 15, 1957, respectively.</td></tr><tr><td colspan="15">11/ Issued in special allotment to Government investment accounts.</td></tr><tr><td colspan="15">12/ Issued as a rollover of one-year bills.</td></tr><tr><td colspan="15">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. For further details see applicable footnotes to Table 4.</td></tr><tr><td colspan="15">14/ Offering consisted of an additional $100 million each of eighteen series of outstanding weekly bills issued in a "strip" on June 14, 1961. See also Table 4.</td></tr><tr><td colspan="15">* Less than $500,000.</td></tr><tr><td colspan="15">p Preliminary.</td></tr><tr><td colspan="15">n.a. Not available. r Revised.</td></tr></table>
47
November 1961
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Date of refunding or retirement</th><th 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>2/15/53</td><td>1-7/8% Certificate - 2/15/53-A</td><td>3/1/52</td><td>8,868</td><td>-</td><td>8,868</td><td>{8,114 620}</td><td>134</td><td>{2-1/4% Certificate - 2/15/54-A 2-1/2% Bond - 12/15/58}</td></tr><tr><td>3/18/53</td><td>1.720% 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>6/1/53</td><td>1-7/8% Certificate - 6/1/53-B 2% Bond - 6/15/53-55 Total...............</td><td>7/1/52 10/7/40</td><td>4,963 725 5,688</td><td>- 725 -</td><td>4,963 5,688</td><td>4,410 4,858</td><td>553 277 829</td><td>{2-5/8% Certificate - 6/1/54-B}</td></tr><tr><td>6/19/53</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-C</td><td>8/15/52</td><td>2,882</td><td>-</td><td>2,882</td><td>2,788</td><td>93</td><td>{2-5/8% Certificate - 8/15/54-D 2-5/8% Certificate - 9/15/54-E 2-7/8% Note - 3/15/57-A}</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></td></tr><tr><td>9/18/53</td><td>2.383% 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>12/1/53</td><td>2-1/8% Note - 12/1/53-A</td><td>10/1/52</td><td>10,542</td><td>500 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 5/}</td></tr><tr><td></td><td>2-1/4% Certificate - 2/15/54-A</td><td>2/15/53</td><td>8,114</td><td>-</td><td>8,114</td><td>{5,647 2,360}</td><td>108</td><td>{1-5/8% Certificate - 2/15/55-A 2-1/2% Bond - 11/15/61}</td></tr><tr><td></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 Total...............</td><td>6/26/44 2/25/42 7/22/40</td><td>5,825 1,501 681 20,796</td><td>- - - -</td><td>5,825 1,501 681 20,796</td><td>4,083 6/ 1,128 6/ 369 6/</td><td>- - - 186</td><td>{2-1/2% Bond - 11/15/61 7,007 of 1-5/8% Certificate 11,177 of 2-1/2% Bond}</td></tr><tr><td>3/22/54</td><td>2-1/2% Certificate - 3/22/54-C 2% Bond - 6/15/52-54 2-1/4% Bond - 6/15/52-55 2-1/4% Bond - 6/15/54-56</td><td>7/15/53 6/26/44 2/25/42 7/22/40</td><td>5,902 1,743 373 311 7,285</td><td>5,902 3/ - - -</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 1-1/8% Certificate - 5/17/55-B 1-7/8% Note - 2/15/59-A 3,886 of 1-1/8% Certificate 2,897 of 1-7/8% Note}</td></tr><tr><td>5/17/54</td><td>2-5/8% Certificate - 6/1/54-B</td><td>6/1/53</td><td>4,858</td><td>-</td><td>4,858</td><td>{1,786 2,897}</td><td>175</td><td></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 3/</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 3/</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 2-5/8% Certificate - 9/15/54-E Total...............</td><td>8/15/53 9/15/53</td><td>2,788 4,724 7,512</td><td>- - -</td><td>2,788 4,724 7,512</td><td>{1,005 1,728 2,553 2,078 7,364}</td><td>55 93 148</td><td>{1-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60 1-1/8% Certificate - 8/15/55-D 2-1/8% Bond - 11/15/60 3,558 of 1-1/8% Certificate 3,806 of 2-1/8% Bond 1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63 1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63 1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63 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>12/15/54</td><td>1-7/8% Note - 12/15/54-B 2% Bond - 12/15/52-54 2% Bond - 12/15/51-55 Total...............</td><td>12/1/53 12/1/44 12/15/41</td><td>8,175 8,662 510 17,347</td><td>- - - -</td><td>8,175 8,662 510 17,347</td><td>{4,498 3,289 346 407 1,983 6,028 14 88 380 17,033}</td><td>43 243 29 315</td><td></td></tr><tr><td>2/15/55</td><td>1-5/8% Certificate - 2/15/55-A 1-1/2% Note - 3/15/55-A 2-7/8% Bond - 3/15/55-60 Total...............</td><td>2/15/54 3/15/50 3/15/35</td><td>7,007 5,365 2,611 14,983</td><td>- - - -</td><td>7,007 5,365 2,611 14,983</td><td>{5,735 1,166 2,414 2,626 323 1,924 14,188}</td><td>106 326 364 795</td><td>{1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C 1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C 1-5/8% Note - 3/15/56-A 2% Note - 8/15/57-C 3,472 of 1-5/8% Note 3,792 of 2% Note 1,924 of 2% Bond}</td></tr><tr><td>3/22/55</td><td>1% Certificate - 3/22/55-C</td><td>8/2/54</td><td>3,734</td><td>3,734 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>5/17/55</td><td>1-1/8% Certificate - 5/17/55-B</td><td>5/17/54</td><td>3,886</td><td>-</td><td>3,886</td><td>3,174</td><td>712</td><td>2% Note - 8/15/56-B</td></tr><tr><td>6/22/55</td><td>1-3/8% Certificate - 6/22/55-F</td><td>4/1/55</td><td>3,210</td><td>3,210 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/1/55</td><td>1-1/8% Certificate - 8/15/55-D</td><td>8/15/54</td><td>8,477</td><td>-</td><td>8,477</td><td>{1,486 6,841}</td><td>149</td><td>{2% Certificate - 6/22/56-B 8/ 2% Note - 8/15/56-B 9/}</td></tr></table>
Footnotes at end of table.
(Continued on following page)
48
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 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>Decription</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>12/1/55</td><td>1-1/4% Certificate - 12/15/55-E<br>1-3/4% Note - 12/15/55-B</td><td>12/15/54<br>12/15/50</td><td>5,359<br>6,854</td><td>-<br>-</td><td>5,359<br>6,854</td><td>4,158<br>4,925<br>1,469</td><td>387<br>460<br>847</td><td>2-5/8% Certificate - 12/1/56-D<br>2-7/8% Note - 6/15/58-A<br>9,083 of 2-5/8% Certificate<br>2,283 of 2-7/8% Note</td></tr><tr><td></td><td>Total</td><td></td><td>12,213</td><td>-</td><td>12,213</td><td>11,366</td><td></td><td></td></tr><tr><td>3/5/56</td><td>1-5/8% Note - 3/15/56-A<br>1-1/2% Note - 4/1/56-EA</td><td>2/15/55<br>4/1/51</td><td>8,472<br>1,007</td><td>-<br>-</td><td>8,472<br>1,007</td><td>6,215<br>2,109</td><td>148<br>2</td><td>2-5/8% Certificate - 2/15/57-A<br>2-7/8% Note - 6/15/58-A<br>2-5/8% Certificate - 2/15/57-A<br>7,219 of 2-5/8% Certificate<br>2,109 of 2-7/8% Note 10/</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></td></tr><tr><td>3/22/56</td><td>1-7/8% Certificate - 3/22/56-A</td><td>7/18/55</td><td>2,202</td><td>2,202 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/23/56</td><td>2.465% Bill - 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 3/</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<br>1-1/2% Note - 10/1/56-EO</td><td>5/17/55<br>10/1/51</td><td>12,547<br>550</td><td>159 11/</td><td>12,388<br>550</td><td>11,528<br>528</td><td>860<br>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<br>7,271</td><td>500</td><td>3-1/4% Certificate - 6/24/57-: 12/<br>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 12/</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>2/15/57</td><td>2-5/8% Certificate - 2/15/57-A<br>2-7/8% Note - 3/15/57-A<br>1-1/2% Note - 4/1/57-EA</td><td>3/5/56<br>9/15/53<br>4/1/52</td><td>7,219<br>2,997<br>531</td><td>-<br>-<br>-</td><td>7,219<br>2,997<br>531</td><td>6,394<br>543<br>1,498<br>920<br>522</td><td>282<br>578<br>9</td><td>3-3/8% Certificate - 2/1/58-A<br>3-1/2% Note - 5/15/60-A<br>3-3/8% Certificate - 2/1/58-A<br>3-1/2% Note - 5/15/60-A<br>3-3/8% Certificate - 2/1/58-A<br>8,414 of 3-3/8% Certificate<br>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 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/22/57</td><td>2-3/4% Certificate - 3/22/57-B</td><td>8/15/56</td><td>3,221</td><td>3,221 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>5/15/57</td><td>1-5/8% Note - 5/15/57-B</td><td>10/4/54</td><td>4,155</td><td>-</td><td>4,155</td><td>2,351<br>647</td><td>1,157</td><td>3-1/2% Certificate - 4/15/58-B<br>3-5/8% Note - 2/15/62-A</td></tr><tr><td>6/24/57</td><td>3.305% 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>8/1/59</td><td>2-3/4% Note - 8/1/57-D<br>2% Note - 8/15/57-C</td><td>7/16/56<br>2/15/55</td><td>12,056<br>3,792</td><td>-<br>-</td><td>12,056<br>3,792</td><td>8,893<br>1,783<br>1,039<br>1,327<br>1,118</td><td>342<br>369</td><td>3-5/8% Certificate - 12/1/57-E<br>4% Certificate - 8/1/58-C<br>4% Note - 8/1/61-A<br>3-5/8% Certificate - 12/1/57-E<br>4% Certificate - 8/1/58-C<br>4% Note - 8/1/61-A<br>4% Certificate - 8/1/58-C<br>4% Note - 8/1/61-A</td></tr><tr><td>8/1/59</td><td>3-1/4% Certificate - 10/1/57-D<br>1-1/2% Note - 10/1/57-EO</td><td>12/1/56<br>10/1/52</td><td>7,271<br>824</td><td>-<br>-</td><td>7,271<br>824</td><td>6,634<br>319<br>743<br>32</td><td>318<br>49</td><td>9,871 of 3-5/8% Certificate<br>10,487 of 4% Certificate<br>2,509 of 4% Note</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></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>
tnotes at end of table.
(Continued on following page)
November 1961
49
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 rowspan="8">2/14/58</td><td>3-3/8% Certificate - 2/14/58-A</td><td>2/15/57</td><td>10,851</td><td>-</td><td>10,851</td><td>7,493 1,980 1,121</td><td>257</td><td>2-1/2% Certificate - 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>343 592 350</td><td>164</td><td>2-1/2% Certificate - 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>194 115 25</td><td>49</td><td>2-1/2% Certificate - 3% Bond - 2-1/2% Bond</td></tr><tr><td>3-1/4% Bill - 4/15/58</td><td>8/21/57</td><td>1,751</td><td>-</td><td>1,751</td><td>677 372 96</td><td>607</td><td>2-1/2% Certificate - 3% Bond - 2-1/2% 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 - 3% Bond - 2-1/2% Bond</td></tr><tr><td>Total</td><td></td><td>16,785</td><td>-</td><td>16,785</td><td>15,351</td><td>1,433</td><td>9,770 of 2-1/2% Certificate 3,854 of 3% Bond 1,727 of 3-1/2% Bond</td></tr><tr><td>3/24/58</td><td>3.485% Bill - 3/24/58</td><td>7/3/57</td><td>3,002</td><td>3,002 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 - 2-5/8% Bond</td></tr><tr><td rowspan="2">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 - 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 - 2-5/8% Bond</td></tr><tr><td>Total</td><td></td><td>9,555</td><td>-</td><td>9,555</td><td>9,204</td><td>351</td><td>1,817 of 1-1/4% Certificate 7,388 of 2-5/8% Bond</td></tr><tr><td>June '58</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 '58</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 2-1/4% Bond - 9/15/56-59 15/ 2-3/8% Bond - 3/15/57-59 15/</td><td>8/1/57 2/1/44 3/1/52</td><td>11,519 3,818 927</td><td>- - -</td><td>11,519 3,818 927</td><td>10,634 2,206 660</td><td>885 1,612 267</td><td>1-5/8% Certificate - 8/1/59-C</td></tr><tr><td>Total</td><td></td><td></td><td>16,264</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>1-1/2% Note - 10/1/58-EO</td><td>10/1/53</td><td>121</td><td>121</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>12/1/58</td><td>3-3/4% Certificate - 12/1/58-D</td><td>12/1/57</td><td>9,833</td><td>-</td><td>9,833</td><td>6,433 3,300</td><td>100</td><td>1-3/8% Certificate - 3-5/8% Note</td></tr><tr><td></td><td>2-1/2% Bond - 12/15/58</td><td>2/15/53</td><td>2,368</td><td>-</td><td>2,368</td><td>1,277 778</td><td>312</td><td>3-3/8% Certificate - 3-5/8% Note</td></tr><tr><td>Total</td><td></td><td></td><td>12,201</td><td>-</td><td>12,201</td><td>11,789</td><td>412</td><td>7,711 of 3-3/8% Certificate 4,078 of 3-5/8% Note</td></tr><tr><td>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 - 4% Note</td></tr><tr><td></td><td>1-7/8% Note - 2/15/59-A</td><td>5/17/54</td><td>5,102</td><td>-</td><td>5,102</td><td>3,048 856</td><td>1,199</td><td>3-3/4% Certificate - 4% Note</td></tr><tr><td>Total</td><td></td><td></td><td>14,872</td><td>-</td><td>14,872</td><td>12,798</td><td>2,075</td><td>11,363 of 3-3/4% Certificate 1,445 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 - 1-1/60-B</td></tr><tr><td>5/15/59</td><td>3-1/4% Bill - 5/15/59</td><td>10/8/58</td><td>2,735</td><td>2,735</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/59</td><td>2.999% Bill - 6/22/59</td><td>11/20/58</td><td>2,997</td><td>2,997 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/1/59</td><td>1-5/8% Certificate - 8/1/59-C</td><td>8/1/58</td><td>13,500</td><td>-</td><td>13,500</td><td>9,128 4,152</td><td>221</td><td>4-3/4% Note - 4-3/4% Note</td></tr><tr><td></td><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 - 4-3/4% Note</td></tr><tr><td>Total</td><td></td><td></td><td>13,973</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>9/21/59</td><td>3.293% Bill - 9/21/59</td><td>2/16/59</td><td>1,502</td><td>1,502 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>10/1/59</td><td>1-1/2% Note - 10/1/59-EO</td><td>10/1/54</td><td>99</td><td>99</td><td>-</td><td>-</td><td>-</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
50
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th rowspan="2">Date of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of exchange offers</th><th rowspan="2">Description of new security offered (See also Table 4)</th></tr><tr><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash 2/</th></tr><tr><td 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="2">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><td rowspan="2">4-7/8% Note - 11/15/63-C</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></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>12/22/59</td><td>3.565% Bill - 12/22/59</td><td>5/15/59</td><td>1,500</td><td>1,500 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>1/15/60</td><td>3.386% Bill - 1/15/60</td><td>4/1/59</td><td>2,006</td><td>2,006 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="2">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 rowspan="2">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></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>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 rowspan="2">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></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 2/</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-BO</td><td>10/1/55</td><td>278</td><td>278</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><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</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>-</td><td>993</td><td>-</td><td>3-1/2% Bond - 2/15/90 24/</td></tr><tr><td>10/3/60 20/</td><td>2-1/2% Bond - 6/15/64-69</td><td>4/15/43</td><td>3,737</td><td>-</td><td>4,500 26/</td><td>{2,343</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>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>11/15/60</td><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>2-1/4% Bond - 6/15/59-62</td><td>6/1/45</td><td>5,262</td><td>-</td><td>-</td><td>{1,292p</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>5,000 28/</td><td>1,180p</td><td>-</td><td>-</td></tr><tr><td>3/15/61 20/</td><td>2-5/8% Note - 2/15/63-A</td><td>4/15/58</td><td>3,971</td><td>-</td><td>3,000 28/</td><td>1,131p</td><td>-</td><td>3-3/8% Bond - 11/15/66</td></tr><tr><td>2-1/2% Bond - 8/15/63</td><td>12/15/54</td><td>6,755</td><td>-</td><td>-</td><td>2,438p</td><td>-</td><td>2,438p of 3-3/8% Bond</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>3,604p of 3-5/8% Bond</td></tr></table>
Footnotes at end of table.
(Continued on following page)
November 1961
51
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>3/22/61</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>5/15/61</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></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>3-1/4% Note - 5/15/63-D</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% Certificate - 5/15/62-A</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>2.783% 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>8/1/61</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-E0</td><td>10/1/56</td><td>332</td><td>-</td><td>332</td><td>183p 89p 8p</td><td>52p</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>1,034p 722p 494p</td><td>-</td><td>3-1/2% Bond - 11/15/80 24 3-1/2% Bond - 2/15/90 24 3-1/2% Bond - 11/15/98 24</td></tr><tr><td>9/15/61 20/</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 692p</td><td>-</td><td>3-1/2% Bond - 11/15/80 24 3-1/2% Bond - 2/15/90 24 3-1/2% Bond - 11/15/98 24</td></tr><tr><td></td><td>Total</td><td></td><td>7,615</td><td>-</td><td>7,615</td><td>1,272p 1,297p 1,186p</td><td>-</td><td>3-1/2% Bond - 11/15/80 24 3-1/2% Bond - 2/15/90 24 3-1/2% Bond - 11/15/98 24</td></tr><tr><td>9/22/61</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>10/16/61</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><tr><td>11/15/61</td><td>2-1/2% Bond - 11/15/61</td><td>2/15/54</td><td>6,963</td><td>-</td><td>6,963</td><td>3,642p 2,383p 517p</td><td>421p</td><td>3-1/4% Note - 2/15/63-E 3-3/4% Bond - 5/15/66 24 3-7/8% Bond - 11/15/74 24</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.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
Tax anticipation issue; for detail of offerings beginning 1953, see Table 4; for amounts redeemed for taxes and for cash see "Note" below.
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.
Reopening of February 2, 1953, offering (see Table 4).
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.
Reopening of August 3, 1954, offering (see Table 4).
Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due June 15, 1956.
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, $91 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. 754a).
15/ Called on May 14, 1958, for redemption on September 15, 1958.
16/ Represents amount which owners exercised the option to redeem on August 1, 1959 (see Table 4, footnote 22).
17/ Holders of the 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.
52
Treasury Bulletin
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 new obligations.
21/ Holders of 2-1/2% Treasury bonds maturing November 15, 1961, were offered the option to exchange the bonds during the period from June 8, 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 detail of offering, see Table 4.
23/ Excess of maturing 4-3/4% Treasury notes over allotments of new securities on subscriptions from holders of those notes (see Table 4, footnotes 44 and 46).
24/ Reopening of an earlier issue.
25/ 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 $6.9 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).
28/ 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.
29/ 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 $1,250 million offering of 3% certificates or the $2,500 million offering of 1-1/8% 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).
<table><tr><th colspan="5">Note: Information on retirement of tax anticipation issues referred to in footnote 3, in millions of dollars.</th></tr><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>1,233</td><td>1,264</td></tr><tr><td>6/19/53</td><td>Bill</td><td>2,003</td><td>1,157</td><td>816</td></tr><tr><td>9/18/53</td><td>Bill</td><td>800</td><td>162</td><td>638</td></tr><tr><td>3/22/54</td><td>Certificate</td><td>5,902</td><td>2,669</td><td>3,233</td></tr><tr><td>6/18/54</td><td>Bill</td><td>1,001</td><td>621</td><td>380</td></tr><tr><td>6/24/54</td><td>Bill</td><td>1,501</td><td>1,258</td><td>243</td></tr><tr><td>3/22/55</td><td>Certificate</td><td>3,734</td><td>2,216</td><td>1,518</td></tr><tr><td>6/22/55</td><td>Certificate</td><td>3,210</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>6/21/57</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>1,832</td></tr><tr><td>6/22/61</td><td>Bill</td><td>3,504</td><td>1,606</td><td>1,893</td></tr><tr><td>9/22/61</td><td>Bill</td><td>1,503</td><td>928</td><td>575</td></tr></table>
November 1961
53
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, and May and October 1961.
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1961
(Dollar amounts in millions)
<table><tr><th>Series</th><th>Sales 1/</th><th>Accrued discount</th><th>Sales plus accrued discount</th><th>Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th></th><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 and H</td><td>108,098</td><td>16,543</td><td>124,641</td><td>80,527</td><td>44,113</td><td>-</td></tr><tr><td>Series F, G, J, and K</td><td>31,951</td><td>1,223</td><td>33,175</td><td>29,417</td><td>3,557</td><td>201</td></tr><tr><td>Total A-K</td><td>143,998</td><td>18,821</td><td>162,818</td><td>114,930</td><td>47,670</td><td>219</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>Totsl</th><th>Sales price 2/</th><th>Accrued discount 2/</th><th>Interest - bearing debt</th><th>Matured debt</th></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935-1954 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 4/</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>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>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>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><tr><td>September</td><td>339</td><td>100</td><td>439</td><td>415</td><td>358</td><td>58</td><td>47,670</td><td>219</td></tr></table>
Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
54
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
<table><tr><th>Period</th><th>Sales 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">Series E and H combined</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1954 4/</td><td>73,979</td><td>8,061</td><td>82,040</td><td>44,558</td><td>2,058</td><td>2,500</td><td>37,482</td><td>-</td></tr><tr><td>1955 4/</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>5,260</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><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>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><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>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><tr><td>September</td><td>339</td><td>98</td><td>437</td><td>361</td><td>300</td><td>55</td><td>44,113</td><td>-</td></tr></table>
Series F, G, J, and K combined
<table><tr><th>Fiscal years:</th><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-1954 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>Calender 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>172</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/ 9/</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><tr><td>September</td><td>-</td><td>2</td><td>2</td><td>54</td><td>52</td><td>2</td><td>3,557</td><td>201</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
November 1961
55
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>Selea price 3/</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>September</td><td>284</td><td>98</td><td>382</td><td>340</td><td>285</td><td>55</td><td>16</td><td>37,953</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><tr><td>September</td><td>54</td><td>-</td><td>54</td><td>21</td><td>21</td><td>-</td><td>16</td><td>6,161</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
56
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
<table><tr><th>Period</th><th>Total 1/</th><th colspan="3">Matured</th><th colspan="3">Unmatured</th><th>Unclassified 2/</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></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>3,30</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 6/</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 6/</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>-8</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 7/</td><td>4,641</td><td>3,285</td><td>1,356</td><td>-210</td></tr><tr><td>1961</td><td>5,819</td><td>2,673</td><td>1,733</td><td>940 8/</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 6/</td><td>3,799</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 7/</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 7/ 8/</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 8/</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>59</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><tr><td>September</td><td>415</td><td>174</td><td>130</td><td>44</td><td>240</td><td>222</td><td>17</td><td>2</td></tr></table>
Note: Early Treasury documents may not be in English or of the Secretary.
Note: In these tables series 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 $145 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.
r Revised.
November 1961
57
UNITED STATES SAVINGS BONDS
Table 5.- Sales and Redemptions by Denominations, Series E and H ½ Combined
(In thousands of pieces)
<table><tr><th>Period</th><th>Total all denominations</th><th>$10 2/</th><th>$25</th><th>$50</th><th>$100</th><th>$200 2/</th><th>$500</th><th>$1,000</th><th>$5,000</th><th>$10,000 4/ 2/</th></tr><tr><td colspan="11">Sales 6/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-53........</td><td>1,525,848</td><td>21,076</td><td>1,043,208</td><td>235,707</td><td>171,665</td><td>7,059</td><td>23,242</td><td>23,866</td><td>18</td><td>8</td></tr><tr><td>1954 7/........</td><td>85,419</td><td>-</td><td>56,903</td><td>15,686</td><td>8,810</td><td>854</td><td>1,411</td><td>1,708</td><td>33</td><td>14</td></tr><tr><td>1955 7/........</td><td>85,342</td><td>-</td><td>55,164</td><td>16,374</td><td>9,315</td><td>884</td><td>1,578</td><td>1,945</td><td>56</td><td>26</td></tr><tr><td>1956............</td><td>90,053</td><td>-</td><td>56,719</td><td>18,784</td><td>10,090</td><td>929</td><td>1,608</td><td>1,854</td><td>48</td><td>21</td></tr><tr><td>1957............</td><td>90,160</td><td>-</td><td>56,327</td><td>20,256</td><td>9,969</td><td>851</td><td>1,320</td><td>1,396</td><td>29</td><td>12</td></tr><tr><td>1958............</td><td>89,431</td><td>-</td><td>54,908</td><td>21,043</td><td>9,824</td><td>893</td><td>1,304</td><td>1,413</td><td>33</td><td>14</td></tr><tr><td>1959............</td><td>85,882</td><td>-</td><td>52,895</td><td>20,108</td><td>9,477</td><td>798</td><td>1,212</td><td>1,340</td><td>35</td><td>16</td></tr><tr><td>1960............</td><td>85,607</td><td>-</td><td>52,972</td><td>20,220</td><td>9,208</td><td>774</td><td>1,165</td><td>1,230</td><td>27</td><td>11</td></tr><tr><td>1961............</td><td>86,495</td><td>-</td><td>53,453</td><td>20,434</td><td>9,273</td><td>789</td><td>1,201</td><td>1,299</td><td>31</td><td>15</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-53........</td><td>1,567,783</td><td>21,076</td><td>1,071,406</td><td>243,370</td><td>175,918</td><td>7,473</td><td>23,895</td><td>24,604</td><td>29</td><td>14</td></tr><tr><td>1954............</td><td>84,972</td><td>-</td><td>55,850</td><td>15,912</td><td>9,006</td><td>862</td><td>1,470</td><td>1,809</td><td>44</td><td>19</td></tr><tr><td>1955............</td><td>87,316</td><td>-</td><td>55,618</td><td>17,323</td><td>9,748</td><td>916</td><td>1,648</td><td>1,980</td><td>56</td><td>25</td></tr><tr><td>1956............</td><td>90,786</td><td>-</td><td>56,635</td><td>19,825</td><td>10,177</td><td>908</td><td>1,500</td><td>1,683</td><td>40</td><td>17</td></tr><tr><td>1957............</td><td>90,856</td><td>-</td><td>56,361</td><td>21,166</td><td>9,846</td><td>887</td><td>1,257</td><td>1,305</td><td>25</td><td>10</td></tr><tr><td>1958............</td><td>86,676</td><td>-</td><td>53,200</td><td>20,152</td><td>9,690</td><td>823</td><td>1,302</td><td>1,454</td><td>38</td><td>18</td></tr><tr><td>1959............</td><td>84,945</td><td>-</td><td>52,452</td><td>20,050</td><td>9,241</td><td>775</td><td>1,141</td><td>1,243</td><td>30</td><td>13</td></tr><tr><td>1960............</td><td>86,659</td><td>-</td><td>53,910</td><td>20,347</td><td>9,184</td><td>768</td><td>1,173</td><td>1,238</td><td>27</td><td>12</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January.....</td><td>7,708</td><td>-</td><td>4,727</td><td>1,777</td><td>834</td><td>75</td><td>131</td><td>157</td><td>4</td><td>2</td></tr><tr><td>February.........</td><td>6,952</td><td>-</td><td>4,182</td><td>1,636</td><td>790</td><td>72</td><td>122</td><td>146</td><td>3</td><td>2</td></tr><tr><td>March............</td><td>8,247</td><td>-</td><td>5,080</td><td>1,958</td><td>883</td><td>77</td><td>115</td><td>128</td><td>4</td><td>2</td></tr><tr><td>April............</td><td>6,618</td><td>-</td><td>4,030</td><td>1,592</td><td>733</td><td>63</td><td>93</td><td>103</td><td>2</td><td>1</td></tr><tr><td>May..............</td><td>7,275</td><td>-</td><td>4,443</td><td>1,770</td><td>788</td><td>68</td><td>97</td><td>104</td><td>3</td><td>1</td></tr><tr><td>June.............</td><td>7,444</td><td>-</td><td>4,652</td><td>1,736</td><td>790</td><td>67</td><td>96</td><td>99</td><td>3</td><td>1</td></tr><tr><td>July.............</td><td>6,245</td><td>-</td><td>3,801</td><td>1,490</td><td>685</td><td>61</td><td>98</td><td>105</td><td>3</td><td>1</td></tr><tr><td>August...........</td><td>7,209</td><td>-</td><td>4,350</td><td>1,715</td><td>824</td><td>76</td><td>117</td><td>124</td><td>3</td><td>1</td></tr><tr><td>September p......</td><td>6,854</td><td>-</td><td>4,205</td><td>1,666</td><td>738</td><td>63</td><td>90</td><td>91</td><td>2</td><td>1</td></tr><tr><td>Inception to date p......</td><td>2,244,546</td><td>21,076</td><td>1,494,905</td><td>393,485</td><td>249,877</td><td>14,031</td><td>34,345</td><td>36,370</td><td>315</td><td>140</td></tr><tr><td colspan="11">Redemption 6/</td></tr><tr><td>Fiscal years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-53........</td><td>1,048,924</td><td>17,568</td><td>768,330</td><td>151,281</td><td>89,638</td><td>2,309</td><td>10,245</td><td>9,553</td><td>*</td><td>*</td></tr><tr><td>1954 7/........</td><td>90,387</td><td>263</td><td>62,941</td><td>15,084</td><td>9,480</td><td>357</td><td>1,151</td><td>1,109</td><td>1</td><td>1</td></tr><tr><td>1955 7/........</td><td>89,749</td><td>349</td><td>61,049</td><td>15,650</td><td>9,914</td><td>396</td><td>1,210</td><td>1,177</td><td>2</td><td>2</td></tr><tr><td>1956............</td><td>89,953</td><td>429</td><td>60,014</td><td>16,503</td><td>9,925</td><td>537</td><td>1,255</td><td>1,281</td><td>5</td><td>3</td></tr><tr><td>1957............</td><td>93,175</td><td>321</td><td>60,612</td><td>18,165</td><td>10,590</td><td>633</td><td>1,354</td><td>1,485</td><td>9</td><td>6</td></tr><tr><td>1958............</td><td>93,452</td><td>231</td><td>59,880</td><td>19,467</td><td>10,433</td><td>639</td><td>1,320</td><td>1,464</td><td>11</td><td>6</td></tr><tr><td>1959............</td><td>88,647</td><td>177</td><td>56,036</td><td>18,598</td><td>10,394</td><td>675</td><td>1,301</td><td>1,451</td><td>9</td><td>7</td></tr><tr><td>1960............</td><td>90,748</td><td>144</td><td>56,796</td><td>19,507</td><td>10,634</td><td>725</td><td>1,351</td><td>1,567</td><td>15</td><td>8</td></tr><tr><td>1961............</td><td>87,935</td><td>104</td><td>56,140</td><td>19,279</td><td>9,489</td><td>635</td><td>1,105</td><td>1,170</td><td>10</td><td>4</td></tr><tr><td>Calendar years:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-53........</td><td>1,092,799</td><td>17,702</td><td>798,959</td><td>158,581</td><td>94,205</td><td>2,481</td><td>10,795</td><td>10,074</td><td>1</td><td>*</td></tr><tr><td>1954............</td><td>92,340</td><td>277</td><td>63,850</td><td>15,643</td><td>9,858</td><td>373</td><td>1,192</td><td>1,145</td><td>2</td><td>1</td></tr><tr><td>1955............</td><td>88,700</td><td>424</td><td>59,640</td><td>15,887</td><td>9,842</td><td>454</td><td>1,225</td><td>1,221</td><td>4</td><td>2</td></tr><tr><td>1956............</td><td>90,109</td><td>371</td><td>59,520</td><td>17,036</td><td>9,986</td><td>581</td><td>1,267</td><td>1,337</td><td>7</td><td>4</td></tr><tr><td>1957............</td><td>96,384</td><td>280</td><td>61,695</td><td>19,777</td><td>10,961</td><td>666</td><td>1,408</td><td>1,578</td><td>12</td><td>5</td></tr><tr><td>1958............</td><td>88,902</td><td>197</td><td>57,080</td><td>18,296</td><td>10,075</td><td>627</td><td>1,250</td><td>1,365</td><td>9</td><td>4</td></tr><tr><td>1959............</td><td>90,083</td><td>161</td><td>56,389</td><td>19,150</td><td>10,696</td><td>722</td><td>1,368</td><td>1,575</td><td>14</td><td>8</td></tr><tr><td>1960............</td><td>90,691</td><td>125</td><td>57,420</td><td>19,716</td><td>10,141</td><td>676</td><td>1,231</td><td>1,364</td><td>12</td><td>6</td></tr><tr><td>Months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1961-January.....</td><td>7,295</td><td>9</td><td>4,571</td><td>1,578</td><td>845</td><td>59</td><td>107</td><td>124</td><td>1</td><td>*</td></tr><tr><td>February.........</td><td>6,907</td><td>9</td><td>4,458</td><td>1,475</td><td>734</td><td>50</td><td>86</td><td>94</td><td>1</td><td>*</td></tr><tr><td>March............</td><td>7,590</td><td>9</td><td>4,818</td><td>1,675</td><td>832</td><td>55</td><td>97</td><td>103</td><td>1</td><td>*</td></tr><tr><td>April............</td><td>6,872</td><td>8</td><td>4,323</td><td>1,542</td><td>766</td><td>54</td><td>87</td><td>92</td><td>1</td><td>*</td></tr><tr><td>May..............</td><td>6,931</td><td>7</td><td>4,403</td><td>1,538</td><td>753</td><td>52</td><td>87</td><td>91</td><td>1</td><td>*</td></tr><tr><td>June.............</td><td>7,368</td><td>7</td><td>4,672</td><td>1,642</td><td>805</td><td>55</td><td>91</td><td>94</td><td>1</td><td>*</td></tr><tr><td>July.............</td><td>6,466</td><td>6</td><td>4,100</td><td>1,436</td><td>703</td><td>47</td><td>84</td><td>89</td><td>1</td><td>*</td></tr><tr><td>August...........</td><td>7,126</td><td>8</td><td>4,560</td><td>1,572</td><td>756</td><td>52</td><td>87</td><td>90</td><td>1</td><td>*</td></tr><tr><td>September p......</td><td>6,636</td><td>6</td><td>4,162</td><td>1,520</td><td>725</td><td>49</td><td>86</td><td>87</td><td>1</td><td>*</td></tr><tr><td>Inception to date p......</td><td>1,793,198</td><td>19,606</td><td>1,254,619</td><td>298,062</td><td>172,683</td><td>7,055</td><td>20,550</td><td>20,522</td><td>66</td><td>37</td></tr></table>
Note: These figures are estimates by the Office of Debt Analysis in the Office of the Secretary and are based on the daily Treasury statement and reports from Federal Reserve Banks and the Bureau of the Public Debt.
1/ Sales of Series H bonds began on June 1, 1952; the denominations authorized were $500, $1,000, $5,000, and $10,000.
2/ Sales were authorized in June 1944, to Armed Forces only, and discontinued after March 31, 1950.
3/ Sales began in October 1945.
4/ Sales of $10,000 denomination Series E bonds were authorized on May 1, 1952.
2/ Includes sales and redemptions of $100,000 denomination Series E bonds which are purchasable only by trustees of employees' savings plans beginning April 1954, and also personal trust accounts beginning January 1955.
6/ See Table 4, footnote 1.
2/ See Table 4, footnote 4.
* Less than 500 pieces.
p Preliminary.
58
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 2/</th></tr><tr><th></th><th></th><th>Total</th><th>Public issues</th><th>Special issues</th><th>Held by Federal Reserve Banks - public issues</th><th>Total</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th></th><th></th><th></th></tr><tr><td>1954</td><td>271,341</td><td>268,910</td><td>49,340</td><td>7,111</td><td>42,229</td><td>25,037</td><td>194,533</td><td>121,771</td><td>72,762</td><td>80</td><td>*</td><td>80</td><td>2,311</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>5</td><td>48</td><td>2,807</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>107</td><td>50</td><td>56</td><td>2,624</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>1,647</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>2,877</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>87</td><td>125</td><td>3,411</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>3,427</td></tr><tr><td>September</td><td>294,020</td><td>290,773</td><td>55,814</td><td>10,807</td><td>45,007</td><td>27,799</td><td>207,160</td><td>155,741</td><td>51,419</td><td>270</td><td>94</td><td>177</td><td>3,439</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.
Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
Includes accounts under the control of certain U. S. Government
agencies whose investments are handled outside the Treasury. 2/ The total amount of interest-bearing securities held by private investment 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>-3</td><td>-4.4</td><td>-3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.1</td><td>-</td><td>-7</td><td>-2</td><td>.4</td><td>.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9.1</td></tr><tr><td>1942</td><td>-5</td><td>30.6</td><td>5.8</td><td>.3</td><td>-</td><td>.3</td><td>-2.3</td><td>-8.4</td><td>-4.1</td><td>1.</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>-35.4</td><td>-145.8</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>-</td><td>-4.1</td><td>.9</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>-13.0</td><td>-8.1</td><td>-</td><td>-4.1</td><td>-1.1</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>-17.7</td><td>-2</td><td>-1.1</td><td>-</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>-1.1</td><td>-1.1</td><td>-1.1</td></tr><tr><td>1947</td><td>.1</td><td>-</td><td>-4.7</td><td>-61.3</td><td>-338.6</td><td>-359.1</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>-1.1</td><td>-1.1</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>9.4</td><td>4.4</td><td>7.1</td><td>.1</td><td>-8</td><td>-1.1</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>-1.1</td><td>3.8</td><td>-1.1</td><td>-1.1</td><td>21.1</td><td>-1.1</td></tr><tr><td>1950</td><td>-9.6</td><td>13.5</td><td>6.3</td><td>1.1</td><td>-1.9</td><td>5.1</td><td>8.2</td><td>-2.0</td><td>1.1</td><td>1.8</td><td>1.1</td><td>2.1</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>-1.6</td><td>2.1</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>16.1</td><td>11.1</td><td>8.4</td></tr><tr><td>1953</td><td>24.6</td><td>8.8</td><td>12.9</td><td>36.1</td><td>35.9</td><td>20.1</td><td>7.9</td><td>.4</td><td>38.4</td><td>1.7</td><td>-1.1</td><td>1.6</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>-10.1</td><td>1.1</td><td>14.2</td><td>21.1</td></tr><tr><td>1955</td><td>23.0</td><td>77.2</td><td>18.9</td><td>29.9</td><td>56.2</td><td>22.5</td><td>74.8</td><td>20.3</td><td>11.8</td><td>-30.7</td><td>7.1</td><td>34.8</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>83.3</td><td>21.1</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>20.1</td><td>-6.3</td><td>11.1</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>-6.1</td><td>4.1</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>4.4</td><td>3.4</td><td>2.1</td><td>105.1</td><td>37.7</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>25.1</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 President of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the offices of the Treasury Department. It will be noted that these
transactions differ from those reflected in Table 1 because they exclude those Government investment accounts for which investments are not handled by the Treasury. Table 2 also includes purchases under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a), and excludes the Exchange Stabilization Fund. Less than $50,000.
November 1961
59
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="6">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Total</th><th>Commercial banks 2/</th><th>Federal Reserve Banks</th><th></th><th>Total</th><th colspan="2">Individuals 4/ Savings bonds</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><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Series E and H</th><th>Other Series 5/</th><th></th><th></th><th></th><th></th><th></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>1940-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>1941-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>1942-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>1943-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>1944-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>1945-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>1.5</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>1946-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>1946-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>1947-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>1948-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>82.4</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>1949-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>15.6</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>1950-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>1951-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>1952-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>1953-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>1.4</td><td>9.1</td><td>16.6</td><td>13.9</td><td>13.7</td></tr><tr><td>1954-Dec.....</td><td>278.8</td><td>94.1</td><td>69.2</td><td>24.9</td><td>49.6</td><td>133.1</td><td>63.4</td><td>38.2</td><td>11.7</td><td>13.5</td><td>15.7</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>50.1</td><td>136.7</td><td>65.0</td><td>39.3</td><td>10.9</td><td>14.8</td><td>17.0</td><td>8.7</td><td>18.8</td><td>14.7</td><td>14.4</td></tr><tr><td>1955-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>53.9</td><td>138.3</td><td>60.6</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>1956-Dec.....</td><td>275.7</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>13.1</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>57.6</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>1957-Dec.....</td><td>275.0</td><td>83.7</td><td>54.5</td><td>24.2</td><td>56.2</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>26.4</td><td>57.4</td><td>134.8</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>1958-Dec.....</td><td>283.0</td><td>93.9</td><td>67.5</td><td>26.3</td><td>57.4</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>26.1</td><td>58.6</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>1959-Dec.....</td><td>290.9</td><td>86.1</td><td>60.3</td><td>26.6</td><td>61.7</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>21.1</td></tr><tr><td>1960-June.....</td><td>286.5</td><td>81.8</td><td>55.3</td><td>26.1</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>1.0</td><td>6.6</td><td>20.7</td><td>18.1</td><td>24.7</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>1.0</td><td>6.6</td><td>21.1</td><td>17.9</td><td>23.0</td></tr><tr><td>Aug.....</td><td>288.8</td><td>84.3</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>1.0</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>1.0</td><td>6.6</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>22.6</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><td>Feb.....</td><td>290.7</td><td>88.6</td><td>61.9</td><td>26.7</td><td>54.5</td><td>147.7</td><td>67.0</td><td>43.2</td><td>2.7</td><td>21.2</td><td>11.8</td><td>6.4</td><td>21.2</td><td>17.3</td><td>23.9</td></tr><tr><td>Mar.....</td><td>287.7</td><td>86.4</td><td>59.7</td><td>26.7</td><td>54.9</td><td>146.4</td><td>67.2</td><td>43.3</td><td>2.6</td><td>21.3</td><td>11.7</td><td>6.6</td><td>19.5</td><td>17.4</td><td>24.1</td></tr><tr><td>April.....</td><td>288.2</td><td>88.5</td><td>61.7</td><td>26.8</td><td>54.0</td><td>147.7</td><td>66.2</td><td>43.4</td><td>2.6</td><td>20.3</td><td>11.6</td><td>6.3</td><td>20.0</td><td>17.2</td><td>23.9</td></tr><tr><td>May.....</td><td>290.4</td><td>89.0</td><td>62.1</td><td>26.9</td><td>55.5</td><td>145.8</td><td>66.0</td><td>43.5</td><td>2.5</td><td>20.0</td
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. 3/ Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
4/ Includes partnerships and personal trust acct.pts.
5/ 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/ Immediate postwar debt peak.
p Preliminary.
60
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, AUGUST 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 rowspan="2">Classification</th><th rowspan="2">Total amount outstanding 1/</th><th colspan="7">Held by investors covered in Treasury Survey</th></tr><tr><th>6,266 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 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 2</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>191,387</td><td>57,343</td><td>6,043</td><td>4,733</td><td>4,184</td><td>2,679</td><td>10,385</td><td>36,163</td><td>69,857</td></tr><tr><td>Public nonmarketable 2/</td><td>53,948</td><td>493 6/</td><td>252</td><td>1,300</td><td>154</td><td>116</td><td>10</td><td>2,431</td><td>49,193</td></tr><tr><td>Special issues</td><td>45,573</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>45,573</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>290,907</td><td>57,836</td><td>6,295</td><td>6,033</td><td>4,338</td><td>2,795</td><td>10,394</td><td>84,167</td><td>119,050</td></tr><tr><td>Matured debt and debt bearing no interest 7/</td><td>3,057</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 I. S. Government 8/</td><td>293,964</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
<table><tr><th>Classification</th><th>Total amount outstanding</th><th>0.266 commercial banks 2/2</th><th>51. mutual savings banks 2/</th><th>Insurance companies 06 life</th><th>Fire, casualty, and marine</th><th>58. savings and loan associations</th><th>.83 corporations</th><th>U. S. Government investment accounts and Federal reserve Banks</th><th>Held by all other investors 2/</th></tr><tr><td>By type of security:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Issued by U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bills</td><td>4,928</td><td>3,814</td><td>279</td><td>61</td><td>119</td><td>11</td><td>732</td><td>3,90</td><td>1,128</td></tr><tr><td>Certificates of indebtedness</td><td>1,909</td><td>1,33</td><td>6</td><td>13</td><td>1</td><td>2</td><td>293</td><td>1,12</td><td>1,24</td></tr><tr><td>Treasury notes</td><td>65,48</td><td>51,46</td><td>1,17</td><td>307</td><td>1,157</td><td>616</td><td>2,475</td><td>4,161</td><td>2,711</td></tr><tr><td>Treasury bonds</td><td>79,63</td><td>2,38</td><td>4,261</td><td>4,19</td><td>1,827</td><td>1,123</td><td>1,95</td><td>1,781</td><td>2,81</td></tr><tr><td>Guaranteed by U. S. Government 3/</td><td>243</td><td>43</td><td>12</td><td>4</td><td>17</td><td>-</td><td>-</td><td>32</td><td>-</td></tr><tr><td>Total</td><td>191,387</td><td>57,343</td><td>6,043</td><td>4,733</td><td>4,184</td><td>2,679</td><td>10,385</td><td>36,163</td><td>69,857</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></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></tr><tr><td>Within 1 year</td><td>34,416</td><td>24,332</td><td>892</td><td>355</td><td>1,076</td><td>41</td><td>8,673</td><td>15,164</td><td>1,194</td></tr><tr><td>1 to 5 years</td><td>75,963</td><td>27,55</td><td>1,147</td><td>2,144</td><td>1,217</td><td>1,138</td><td>1,639</td><td>16,703</td><td>4,146</td></tr><tr><td>5 to 10 years</td><td>17,632</td><td>4,919</td><td>824</td><td>382</td><td>603</td><td>99</td><td>55</td><td>2,175</td><td>8,14</td></tr><tr><td>10 to 15 years</td><td>1,123</td><td>43</td><td>83</td><td>38</td><td>33</td><td>46</td><td>5</td><td>249</td><td>6,11</td></tr><tr><td>15 to 20 years</td><td>3,124</td><td>137</td><td>152</td><td>302</td><td>87</td><td>75</td><td>1</td><td>455</td><td>1,914</td></tr><tr><td>20 years and over</td><td>8,886</td><td>309</td><td>909</td><td>1,490</td><td>158</td><td>355</td><td>11</td><td>1,124</td><td>4,31</td></tr><tr><td>Guaranteed securities 8/</td><td>248</td><td>43</td><td>32</td><td>22</td><td>4</td><td>10</td><td>-</td><td>88</td><td>43</td></tr><tr><td>Total</td><td>191,387</td><td>57,343</td><td>6,043</td><td>4,733</td><td>4,184</td><td>2,679</td><td>10,385</td><td>36,163</td><td>69,84</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></tr><tr><td>Within 1 year</td><td>80,675</td><td>22,626</td><td>700</td><td>333</td><td>874</td><td>41</td><td>8,566</td><td>14,524</td><td>32,41</td></tr><tr><td>1 to 5 years</td><td>63,607</td><td>26,109</td><td>1,428</td><td>317</td><td>1,639</td><td>800</td><td>1,707</td><td>13,811</td><td>17,000</td></tr><tr><td>5 to 10 years</td><td>25,693</td><td>6,685</td><td>1,265</td><td>1,958</td><td>1,17</td><td>715</td><td>84</td><td>4,707</td><td>8,102</td></tr><tr><td>10 to 15 years</td><td>8,685</td><td>1,243</td><td>450</td><td>300</td><td>89</td><td>301</td><td>21</td><td>330</td><td>4,471</td></tr><tr><td>15 to 20 years</td><td>1,527</td><td>99</td><td>1,11</td><td>211</td><td>11</td><td>37</td><td>-</td><td>28</td><td>2,06</td></tr><tr><td>20 years and over</td><td>10,952</td><td>359</td><td>977</td><td>1,591</td><td>100</td><td>41</td><td>13</td><td>1,011</td><td>1,734</td></tr><tr><td>Guaranteed securities 8/</td><td>248</td><td>43</td><td>32</td><td>22</td><td>4</td><td>10</td><td>-</td><td>88</td><td>43</td></tr><tr><td>Total</td><td>191,387</td><td>57,343</td><td>6,043</td><td>4,733</td><td>4,184</td><td>2,679</td><td>10,385</td><td>36,163</td><td>69,175</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></tr><tr><td>Partially exempt from Federal income taxes</td><td>1,485</td><td>1,319</td><td>*</td><td>*</td><td>66</td><td>1</td><td>8</td><td>*</td><td>11</td></tr><tr><td>Subject to Federal income taxes 11/</td><td>189,901</td><td>56,025</td><td>6,043</td><td>4,733</td><td>4,158</td><td>2,677</td><td>10,377</td><td>36,163</td><td>69,726</td></tr><tr><td>Total</td><td>191,387</td><td>57,343</td><td>6,043</td><td>4,733</td><td>4,184</td><td>2,679</td><td>10,385</td><td>36,163</td><td>69,857</td></tr></table>
Footnotes at end of Table 4.
November 1961
61
TREASURY SURVEY OF OWNERSHIP, AUGUST 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 outstand-ing</th><th colspan="7">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors 4/</th></tr><tr><th>6,266 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 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>Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Regular weekly:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 1961 - November 1961</td><td>21,912</td><td>3,456</td><td>164</td><td>137</td><td>136</td><td>53</td><td>2,627</td><td>1,671</td><td>13,667</td></tr><tr><td>December 1961 - February 1962</td><td>7,003</td><td>1,072</td><td>14</td><td>7</td><td>19</td><td>11</td><td>886</td><td>717</td><td>4,276</td></tr><tr><td>Tax anticipation:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 1961</td><td>1,503</td><td>224</td><td>2</td><td>40</td><td>3</td><td>*</td><td>621</td><td>17</td><td>595</td></tr><tr><td>March 1962</td><td>3,503</td><td>2,297</td><td>1</td><td>*</td><td>2</td><td>-</td><td>710</td><td>93</td><td>399</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October 1961</td><td>1,502</td><td>240</td><td>40</td><td>2</td><td>8</td><td>7</td><td>155</td><td>99</td><td>950</td></tr><tr><td>January 1962</td><td>1,502</td><td>215</td><td>19</td><td>*</td><td>11</td><td>7</td><td>151</td><td>217</td><td>881</td></tr><tr><td>April 1962</td><td>2,000</td><td>551</td><td>17</td><td>1</td><td>11</td><td>10</td><td>236</td><td>310</td><td>863</td></tr><tr><td>July 1962</td><td>2,004</td><td>758</td><td>20</td><td>13</td><td>4</td><td>13</td><td>345</td><td>175</td><td>676</td></tr><tr><td>Total Treasury bills</td><td>40,928</td><td>8,814</td><td>279</td><td>201</td><td>195</td><td>102</td><td>5,732</td><td>3,299</td><td>22,307</td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4 May 1962-A</td><td>5,509</td><td>2,003</td><td>62</td><td>13</td><td>51</td><td>29</td><td>253</td><td>1,827</td><td>1,272</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-5/8% February 1962-A</td><td>647</td><td>210</td><td>5</td><td>*</td><td>20</td><td>8</td><td>52</td><td>88</td><td>263</td></tr><tr><td>4 February 1962-D</td><td>1,435</td><td>567</td><td>46</td><td>1</td><td>43</td><td>31</td><td>52</td><td>16</td><td>679</td></tr><tr><td>3-1/4 February 1962-F</td><td>9,098</td><td>1,868</td><td>56</td><td>31</td><td>49</td><td>24</td><td>546</td><td>4,954</td><td>1,570</td></tr><tr><td>4 May 1962-E</td><td>2,211</td><td>1,070</td><td>67</td><td>17</td><td>21</td><td>41</td><td>77</td><td>152</td><td>766</td></tr><tr><td>4 August 1962-B</td><td>158</td><td>76</td><td>4</td><td>1</td><td>2</td><td>5</td><td>-</td><td>-</td><td>70</td></tr><tr><td>3-1/4 August 1962-G</td><td>7,325</td><td>1,640</td><td>109</td><td>4</td><td>33</td><td>79</td><td>235</td><td>3,706</td><td>1,519</td></tr><tr><td>3-3/4 November 1962-C</td><td>1,143</td><td>584</td><td>47</td><td>4</td><td>72</td><td>22</td><td>15</td><td>41</td><td>359</td></tr><tr><td>3-1/4 November 1962-H</td><td>6,082</td><td>1,001</td><td>34</td><td>10</td><td>33</td><td>10</td><td>243</td><td>3,387</td><td>1,363</td></tr><tr><td>2-5/8 February 1963-A</td><td>2,839</td><td>1,930</td><td>31</td><td>2</td><td>63</td><td>30</td><td>64</td><td>167</td><td>551</td></tr><tr><td>4 May 1963-B</td><td>1,743</td><td>721</td><td>72</td><td>1</td><td>30</td><td>33</td><td>4</td><td>69</td><td>814</td></tr><tr><td>3-1/4 May 1963-D</td><td>2,753</td><td>1,068</td><td>46</td><td>26</td><td>15</td><td>56</td><td>26</td><td>862</td><td>653</td></tr><tr><td>4-7/8 November 1963-C</td><td>3,011</td><td>1,054</td><td>153</td><td>9</td><td>81</td><td>32</td><td>29</td><td>154</td><td>1,499</td></tr><tr><td>3-3/4 May 1964-D</td><td>3,893</td><td>2,081</td><td>87</td><td>7</td><td>157</td><td>70</td><td>31</td><td>263</td><td>1,196</td></tr><tr><td>4-3/4 May 1964-A</td><td>4,933</td><td>610</td><td>94</td><td>15</td><td>54</td><td>24</td><td>27</td><td>2,821</td><td>1,288</td></tr><tr><td>5 August 1964-B</td><td>2,316</td><td>312</td><td>93</td><td>13</td><td>46</td><td>13</td><td>53</td><td>187</td><td>1,598</td></tr><tr><td>3-3/4 August 1964-E</td><td>5,019</td><td>2,134</td><td>90</td><td>5</td><td>50</td><td>51</td><td>68</td><td>1,637</td><td>982</td></tr><tr><td>4-7/8 November 1964-C</td><td>4,195</td><td>833</td><td>148</td><td>10</td><td>54</td><td>28</td><td>15</td><td>2,286</td><td>821</td></tr><tr><td>4-5/8 May 1965-A</td><td>2,113</td><td>697</td><td>164</td><td>20</td><td>62</td><td>55</td><td>11</td><td>352</td><td>752</td></tr><tr><td>1-1/2 October 1961-EO</td><td>52</td><td>18</td><td>*</td><td>1</td><td>2</td><td>*</td><td>7</td><td>-</td><td>24</td></tr><tr><td>1-1/2 April 1962-EA</td><td>551</td><td>115</td><td>1</td><td>*</td><td>39</td><td>-</td><td>202</td><td>25</td><td>169</td></tr><tr><td>1-1/2 October 1962-EO</td><td>590</td><td>191</td><td>1</td><td>*</td><td>13</td><td>*</td><td>246</td><td>-</td><td>138</td></tr><tr><td>1-1/2 April 1963-EA</td><td>533</td><td>285</td><td>6</td><td>2</td><td>33</td><td>-</td><td>83</td><td>-</td><td>126</td></tr><tr><td>1-1/2 October 1963-EO</td><td>506</td><td>291</td><td>2</td><td>1</td><td>20</td><td>*</td><td>68</td><td>-</td><td>124</td></tr><tr><td>1-1/2 April 1964-EA</td><td>457</td><td>235</td><td>5</td><td>3</td><td>41</td><td>*</td><td>69</td><td>-</td><td>103</td></tr><tr><td>1-1/2 October 1964-EO</td><td>490</td><td>228</td><td>13</td><td>10</td><td>30</td><td>2</td><td>79</td><td>-</td><td>128</td></tr><tr><td>1-1/2 April 1965-EA</td><td>466</td><td>164</td><td>24</td><td>94</td><td>24</td><td>*</td><td>91</td><td>-</td><td>68</td></tr><tr><td>1-1/2 October 1965-EO</td><td>315</td><td>181</td><td>5</td><td>17</td><td>11</td><td>2</td><td>35</td><td>-</td><td>63</td></tr><tr><td>1-1/2 April 1966-EA</td><td>175</td><td>83</td><td>3</td><td>2</td><td>11</td><td>*</td><td>45</td><td>-</td><td>31</td></tr><tr><td>Total Treasury notes</td><td>65,048</td><td>20,246</td><td>1,407</td><td>307</td><td>1,107</td><td>616</td><td>2,475</td><td>21,168</td><td>17,721</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></tr><tr><td>2-1/4% June 1959-62</td><td>3,960</td><td>1,797</td><td>44</td><td>6</td><td>173</td><td>27</td><td>37</td><td>466</td><td>1,074</td></tr><tr><td>2-1/4 December 1959-62</td><td>2,271</td><td>1,034</td><td>15</td><td>13</td><td>108</td><td>17</td><td>102</td><td>383</td><td>599</td></tr><tr><td>2-3/4 December 1960-65 12/</td><td>1,485</td><td>1,319</td><td>*</td><td>*</td><td>26</td><td>1</td><td>8</td><td>*</td><td>131</td></tr><tr><td>2-3/4 September 1961</td><td>351</td><td>71</td><td>8</td><td>1</td><td>14</td><td>9</td><td>10</td><td>-</td><td>238</td></tr><tr><td>2-1/2 November 1961</td><td>6,963</td><td>3,059</td><td>109</td><td>56</td><td>205</td><td>56</td><td>1,012</td><td>92</td><td>2,374</td></tr><tr><td>2-1/2 June 1962-67</td><td>1,464</td><td>673</td><td>87</td><td>9</td><td>95</td><td>28</td><td>10</td><td>162</td><td>421</td></tr><tr><td>2-1/2 August 1963</td><td>4,317</td><td>2,836</td><td>45</td><td>7</td><td>199</td><td>23</td><td>89</td><td>30</td><td>1,088</td></tr><tr><td>2-1/2 December 1963-68</td><td>1,819</td><td>600</td><td>205</td><td>55</td><td>160</td><td>66</td><td>12</td><td>222</td><td>498</td></tr><tr><td>3 February 1964</td><td>3,854</td><td>2,364</td><td>56</td><td>2</td><td>67</td><td>102</td><td>46</td><td>138</td><td>1,080</td></tr><tr><td>2-1/2 June 1964-69</td><td>2,638</td><td>656</td><td>4,0</td><td>118</td><td>150</td><td>83</td><td>14</td><td>441</td><td>735</td></tr><tr><td>2-1/2 December 1964-69</td><td>2,556</td><td>635</td><td>298</td><td>117</td><td>114</td><td>78</td><td>*</td><td>507</td><td>851</td></tr><tr><td>2-5/8 February 1965</td><td>6,896</td><td>3,728</td><td>115</td><td>34</td><td>304</td><td>138</td><td>164</td><td>809</td><td>1,604</td></tr><tr><td>2-1/2 March 1965-70</td><td>4,688</td><td>428</td><td>529</td><td>800</td><td>165</td><td>67</td><td>4</td><td>1,338</td><td>1,356</td></tr><tr><td>2-1/2 March 1966-71</td><td>2,927</td><td>166</td><td>262</td><td>750</td><td>96</td><td>61</td><td>1</td><td>747</td><td>846</td></tr><tr><td>3-3/4 May 1966</td><td>1,213</td><td>635</td><td>31</td><td>8</td><td>26</td><td>28</td><td>*</td><td>110</td><td>375</td></tr><tr><td>3 August 1966</td><td>1,484</td><td>829</td><td>46</td><td>2</td><td>37</td><td>64</td><td>3</td><td>134</td><td>370</td></tr><tr><td>3-3/8 November 1966</td><td>2,438</td><td>1,408</td><td>50</td><td>14</td><td>85</td><td>58</td><td>18</td><td>114</td><td>689</td></tr><tr><td>2-1/2 June 1967-72</td><td>1,768</td><td>121</td><td>129</td><td>79</td><td>42</td><td>74</td><td>4</td><td>181</td><td>1,139</td></tr><tr><td>2-1/2 September 1967-72</td><td>2,716</td><td>1,140</td><td>135</td><td>22</td><td>111</td><td>87</td><td>1</td><td>334</td><td>886</td></tr><tr><td>3-5/8 November 1967</td><td>3,604</td><td>1,345</td><td>148</td><td>43</td><td>133</td><td>148</td><td>20</td><td>697</td><td>1,069</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
62
.Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, AUGUST 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 rowspan="2">Issue</th><th rowspan="2">Total amount outstanding</th><th colspan="7">Held by investore covered in Treasury Survey</th><th rowspan="2">Held by all other investors</th></tr><tr><th>6,266 commercial banks 2/3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 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 bonds - (Continued):</td></tr><tr><td>2-1/2% December 1967-72</td><td>3,547</td><td>131</td><td>117</td><td>173</td><td>109</td><td>106</td><td>11</td><td>279</td><td>2,621</td></tr><tr><td>3-7/8 May 1968</td><td>2,137</td><td>601</td><td>153</td><td>24</td><td>70</td><td>95</td><td>2</td><td>366</td><td>827</td></tr><tr><td>4 October 1969</td><td>1,424</td><td>173</td><td>93</td><td>27</td><td>58</td><td>30</td><td>*</td><td>203</td><td>837</td></tr><tr><td>3-7/8 November 1974</td><td>654</td><td>32</td><td>70</td><td>26</td><td>27</td><td>33</td><td>5</td><td>136</td><td>325</td></tr><tr><td>4-1/4 May 1975-85</td><td>470</td><td>11</td><td>17</td><td>12</td><td>6</td><td>12</td><td>-</td><td>114</td><td>296</td></tr><tr><td>3-1/4 June 1978-83</td><td>1,597</td><td>38</td><td>51</td><td>91</td><td>36</td><td>38</td><td>1</td><td>173</td><td>1,168</td></tr><tr><td>4 February 1980</td><td>884</td><td>24</td><td>28</td><td>100</td><td>25</td><td>22</td><td>*</td><td>104</td><td>581</td></tr><tr><td>3-1/2 November 1980</td><td>643</td><td>75</td><td>72</td><td>111</td><td>26</td><td>16</td><td>*</td><td>178</td><td>165</td></tr><tr><td>3-1/4 May 1985</td><td>1,133</td><td>125</td><td>50</td><td>194</td><td>28</td><td>106</td><td>-</td><td>156</td><td>474</td></tr><tr><td>3-1/2 February 1990</td><td>2,718</td><td>82</td><td>233</td><td>460</td><td>70</td><td>118</td><td>1</td><td>613</td><td>1,141</td></tr><tr><td>3 February 1995</td><td>2,692</td><td>53</td><td>154</td><td>259</td><td>39</td><td>69</td><td>10</td><td>177</td><td>1,931</td></tr><tr><td>3-1/2 November 1998</td><td>2,343</td><td>50</td><td>472</td><td>578</td><td>20</td><td>62</td><td>*</td><td>377</td><td>782</td></tr><tr><td>Total Treasury bonds</td><td>79,653</td><td>26,238</td><td>4,263</td><td>4,190</td><td>2,827</td><td>1,923</td><td>1,925</td><td>9,781</td><td>28,507</td></tr><tr><td>Guaranteed securities 3/</td><td>248</td><td>43</td><td>32</td><td>22</td><td>4</td><td>10</td><td>-</td><td>88</td><td>49</td></tr><tr><td>Total public marketable securities</td><td>191,387</td><td>57,343</td><td>6,043</td><td>4,733</td><td>4,184</td><td>2,679</td><td>10,385</td><td>36,163</td><td>69,857</td></tr></table>
Footnotes at end of Table 4.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issue
(Par values - in millions of dollars)
<table><tr><th>Issue</th><th>Total amount outstanding</th><th colspan="6">Held by investors covered in Treasury Survey</th><th>Held by all other investors 4/</th></tr><tr><th></th><th></th><th>6,266 commercial banks 2/ 3/</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></tr><tr><th></th><th></th><th></th><th></th><th>36 life</th><th>520 fire, casualty, and marine</th><th></th><th></th><th></th></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series E 2/</td><td>37,926</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>1</td><td>37,924</td></tr><tr><td>Series F 2/</td><td>319</td><td>48</td><td>-</td><td>*</td><td>8</td><td>2</td><td>1</td><td>*</td><td>258</td></tr><tr><td>Series G</td><td>1,392</td><td>116</td><td>17</td><td>15</td><td>28</td><td>15</td><td>1</td><td>2</td><td>1,197</td></tr><tr><td>Series H</td><td>6,111</td><td>-</td><td>*</td><td>*</td><td>*</td><td>1</td><td>*</td><td>1</td><td>6,110</td></tr><tr><td>Series J 2/</td><td>546</td><td>2</td><td>10</td><td>1</td><td>5</td><td>4</td><td>1</td><td>1</td><td>534</td></tr><tr><td>Series K</td><td>1,347</td><td>2</td><td>10</td><td>5</td><td>14</td><td>30</td><td>2</td><td>4</td><td>1,281</td></tr><tr><td>Total United States savings bonds</td><td>47,640</td><td>166</td><td>27</td><td>21</td><td>57</td><td>52</td><td>4</td><td>10</td><td>47,304</td></tr><tr><td>Other U. S. securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Certificates of indebtedness -Foreign</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Series</td><td>450</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>450</td></tr><tr><td>Depository bonds</td><td>136</td><td>136 6/</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></tr><tr><td>R. E. A.Series</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td></tr><tr><td>Investment Series A</td><td>465</td><td>108</td><td>18</td><td>122</td><td>14</td><td>5</td><td>*</td><td>100</td><td>99</td></tr><tr><td>Investment Series B</td><td>5,235</td><td>83</td><td>207</td><td>1,158</td><td>83</td><td>59</td><td>5</td><td>2,321</td><td>1,319</td></tr><tr><td>Total other U. S. securities</td><td>6,307</td><td>327 6/</td><td>225</td><td>1,279</td><td>97</td><td>64</td><td>5</td><td>2,421</td><td>1,889</td></tr><tr><td>Total public nonmarketable securities</td><td>53,948</td><td>493 6/</td><td>252</td><td>1,300</td><td>154</td><td>116</td><td>10</td><td>2,431</td><td>49,193</td></tr></table>
1. Includes certain obligations not subject to statutory debt limitation. For amount subject to limitation, see page 1.
2. Excludes trust departments.
3. Includes trust companies and, beginning with figures for July 1949, also includes stock savings banks. Previously, those banks were reported as a separate classification.
4. Included with all other investors are those banks, insurance companies, savings and loan associations, and corporations not reporting in the Treasury Survey.
5. United States savings bonds, Series E, F, and J, are shown at current redemption value. They were reported to the Treasury Survey at maturity value but have been adjusted to current redemption value for use in this statement.
6/ Includes $51 million depositary bonds held by commercial banks not included in the Treasury Survey.
7/ Holdings by reporting investors not available.
8/ Guaranteed securities are those held outside the Treasury.
9/ 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 $5,000 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.
November 1961
63
TREASURY SURVEY OF OWNERSHIP, AUGUST 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>6,266 commercial banks 2/ 2/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 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 colspan="10">Banks for cooperatives:</td></tr><tr><td>2-3/4% October 1961 (Debentures)</td><td>112</td><td>24</td><td>4</td><td>-</td><td>*</td><td>-</td><td>42</td><td>-</td><td>43</td></tr><tr><td>2.70% December 1961 (Debentures)</td><td>138</td><td>28</td><td>2</td><td>-</td><td>1</td><td>*</td><td>43</td><td>-</td><td>63</td></tr><tr><td>2.95% February 1962 (Debentures)</td><td>134</td><td>38</td><td>2</td><td>2</td><td>1</td><td>*</td><td>28</td><td>11</td><td>52</td></tr><tr><td>Total banks for cooperatives securities</td><td>384</td><td>90</td><td>9</td><td>2</td><td>2</td><td>1</td><td>112</td><td>11</td><td>157</td></tr><tr><td colspan="10">Federal home loan banks: 14/</td></tr><tr><td>3% September 1961 (Notes)</td><td>139</td><td>28</td><td>6</td><td>2</td><td>1</td><td>10</td><td>35</td><td>-</td><td>56</td></tr><tr><td>3.10% January 1962 (Notes)</td><td>148</td><td>36</td><td>8</td><td>1</td><td>*</td><td>10</td><td>30</td><td>-</td><td>63</td></tr><tr><td>3% February 1962 (Notes)</td><td>238</td><td>50</td><td>10</td><td>-</td><td>4</td><td>15</td><td>69</td><td>7</td><td>83</td></tr><tr><td>3% March 1962 (Notes)</td><td>100</td><td>31</td><td>8</td><td>*</td><td>*</td><td>5</td><td>23</td><td>-</td><td>32</td></tr><tr><td>3.05% May 1962 (Notes)</td><td>218</td><td>65</td><td>7</td><td>2</td><td>1</td><td>12</td><td>37</td><td>-</td><td>94</td></tr><tr><td>3-1/8% April 1963 (Bonds)</td><td>250</td><td>79</td><td>5</td><td>1</td><td>5</td><td>65</td><td>2</td><td>-</td><td>93</td></tr><tr><td>Total Federal home loan bank securities</td><td>1,093</td><td>289</td><td>45</td><td>5</td><td>12</td><td>118</td><td>195</td><td>7</td><td>422</td></tr><tr><td colspan="10">Federal intermediate credit banks:</td></tr><tr><td>Debentures</td><td>1,795</td><td>379</td><td>100</td><td>15</td><td>25</td><td>11</td><td>395</td><td>12</td><td>857</td></tr><tr><td colspan="10">Federal land banks: 15/</td></tr><tr><td>4% September 1961 (Bonds)</td><td>120</td><td>30</td><td>4</td><td>*</td><td>2</td><td>*</td><td>3</td><td>-</td><td>81</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>*</td><td>8</td><td>-</td><td>47</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>84</td></tr><tr><td>4-7/8% August 1962 (Bonds)</td><td>98</td><td>11</td><td>5</td><td>*</td><td>4</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>34</td><td>9</td><td>1</td><td>2</td><td>1</td><td>2</td><td>-</td><td>55</td></tr><tr><td>3-5/8% February 1963 (Bonds)</td><td>115</td><td>29</td><td>9</td><td>-</td><td>2</td><td>1</td><td>3</td><td>-</td><td>72</td></tr><tr><td>2-3/4% May 1963 (Bonds)</td><td>122</td><td>63</td><td>3</td><td>1</td><td>1</td><td>*</td><td>1</td><td>-</td><td>52</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>29</td><td>13</td><td>*</td><td>1</td><td>*</td><td>-</td><td>-</td><td>47</td></tr><tr><td>4% October 1965 (Bonds)</td><td>160</td><td>45</td><td>19</td><td>*</td><td>4</td><td>2</td><td>2</td><td>-</td><td>87</td></tr><tr><td>4% December 1965 (Bonds)</td><td>115</td><td>25</td><td>19</td><td>*</td><td>1</td><td>1</td><td>-</td><td>-</td><td>70</td></tr><tr><td>3-5/8% February 1966 (Bonds)</td><td>150</td><td>26</td><td>37</td><td>2</td><td>6</td><td>1</td><td>*</td><td>-</td><td>78</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>55</td></tr><tr><td>4-1/8% February 1967-72 (Bonds)</td><td>72</td><td>2</td><td>2</td><td>1</td><td>*</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>4</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>2</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>3</td></tr><tr><td>5-1/8% February 1970 (Bonds)</td><td>82</td><td>3</td><td>7</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>72</td></tr><tr><td>3-1/2% April 1970 (Bonds)</td><td>83</td><td>11</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>4</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>435</td><td>185</td><td>32</td><td>50</td><td>12</td><td>42</td><td>-</td><td>1,602</td></tr><tr><td colspan="10">Federal National Mortgage Association:</td></tr><tr><td>Discount notes</td><td>357</td><td>17</td><td>10</td><td>2</td><td>1</td><td>8</td><td>160</td><td>-</td><td>160</td></tr><tr><td>5-1/8% September 1961 (Debentures)</td><td>150</td><td>18</td><td>7</td><td>2</td><td>4</td><td>6</td><td>9</td><td>-</td><td>104</td></tr><tr><td>3-1/2% February 1962 (Debenture)</td><td>200</td><td>49</td><td>13</td><td>*</td><td>6</td><td>17</td><td>8</td><td>-</td><td>106</td></tr><tr><td>4-7/8% September 1962 (Debentures)</td><td>150</td><td>13</td><td>17</td><td>1</td><td>3</td><td>10</td><td>1</td><td>-</td><td>105</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>16</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>8</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>4</td><td>1</td><td>1</td><td>15</td><td>-</td><td>-</td><td>46</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>7</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>6</td><td>1</td><td>5</td><td>24</td><td>*</td><td>-</td><td>50</td></tr><tr><td>4-3/8% April 1969 (Debentures)</td><td>90</td><td>3</td><td>7</td><td>2</td><td>8</td><td>2</td><td>-</td><td>-</td><td>68</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>1</td><td>2</td><td>-</td><td>109</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>84</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>18</td><td>26</td><td>1</td><td>3</td><td>17</td><td>1</td><td>-</td><td>85</td></tr><tr><td>Total Federal National Mortgage Association securities</td><td>2,197</td><td>281</td><td>171</td><td>21</td><td>83</td><td>159</td><td>191</td><td>-</td><td>1,290</td></tr><tr><td colspan="10">Tennessee Valley Authority:</td></tr><tr><td>4.40% November 1985 (Bonds)</td><td>50</td><td>*</td><td>1</td><td>5</td><td>9</td><td>1</td><td>-</td><td>-</td><td>35</td></tr><tr><td>4-5/8% July 1986 (Bonds)</td><td>50</td><td>*</td><td>*</td><td>3</td><td>1</td><td>*</td><td>4</td><td>-</td><td>42</td></tr><tr><td>Total Tennessee Valley Authority securities</td><td>100</td><td>*</td><td>1</td><td>8</td><td>9</td><td>1</td><td>4</td><td>-</td><td>77</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.
64
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP,
SEPTEMBER 30, 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 rowspan="2">Classification</th><th rowspan="2">Total amount outstanding 1/</th><th colspan="7">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors 4/</th><th rowspan="2">Memo for Heid by 13,050 corporate pension trust funds 5/</th></tr><tr><th>6,261 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>30c life</th><th>519 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>488 corporations</th><th>. S. Government investment accounts and Federal Reserve Banks</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><td></td></tr><tr><td>Public marketable</td><td>192,195</td><td>58,557</td><td>6,143</td><td>4,729</td><td>4,207</td><td>2,669</td><td>9,197</td><td>36,278</td><td>70,516</td><td>1,683</td></tr><tr><td>Public nonmarketable 6/</td><td>53,841</td><td>505 2/</td><td>242</td><td>1,255</td><td>155</td><td>116</td><td>9</td><td>2,421</td><td>49,137</td><td>159</td></tr><tr><td>Special issues</td><td>45,007</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>45,007</td><td>-</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>291,043</td><td>59,062</td><td>6,285</td><td>5,983</td><td>4,362</td><td>2,784</td><td>9,206</td><td>83,706</td><td>119,654</td><td>1,842</td></tr><tr><td>Matured debt and debt bearing no interest 8/</td><td>2,978</td><td></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 9/</td><td>94,020</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Table 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>6,261 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 life</th><th>519 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 2/</th><th>Memorandum: Held by 13,050 corporate pension trust funds 2/</th></tr><tr><td colspan="11">By type of security:</td></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>41,939</td><td>10,133</td><td>292</td><td>183</td><td>220</td><td>102</td><td>4,539</td><td>3,601</td><td>22,869</td><td>415</td></tr><tr><td>Certificates of indebtedness</td><td>5,509</td><td>2,030</td><td>63</td><td>13</td><td>52</td><td>27</td><td>245</td><td>1,776</td><td>1,302</td><td>18</td></tr><tr><td>Treasury notes</td><td>65,188</td><td>20,408</td><td>1,422</td><td>346</td><td>1,134</td><td>618</td><td>2,493</td><td>21,023</td><td>17,745</td><td>456</td></tr><tr><td>Treasury bonds</td><td>79,289</td><td>25,942</td><td>4,230</td><td>4,164</td><td>2,797</td><td>1,910</td><td>1,919</td><td>9,785</td><td>28,543</td><td>706</td></tr><tr><td>Guaranteed by U. S. Government 2/</td><td>270</td><td>45</td><td>35</td><td>22</td><td>4</td><td>12</td><td>-</td><td>94</td><td>58</td><td>*</td></tr><tr><td>Total</td><td>191,195</td><td>58,557</td><td>6,043</td><td>4,729</td><td>4,207</td><td>2,669</td><td>9,197</td><td>36,278</td><td>70,516</td><td>1,683</td></tr><tr><td colspan="11">By maturity distribution:</td></tr><tr><td>All 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>85,069</td><td>25,565</td><td>902</td><td>343</td><td>1,094</td><td>445</td><td>7,458</td><td>15,244</td><td>34,018</td><td>677</td></tr><tr><td>1 to 5 years</td><td>72,345</td><td>27,513</td><td>2,769</td><td>1,056</td><td>2,166</td><td>1,110</td><td>1,667</td><td>15,754</td><td>20,310</td><td>622</td></tr><tr><td>5 to 10 years</td><td>17,655</td><td>4,881</td><td>830</td><td>383</td><td>612</td><td>594</td><td>55</td><td>2,200</td><td>8,070</td><td>112</td></tr><tr><td>10 to 15 years</td><td>1,133</td><td>43</td><td>84</td><td>38</td><td>34</td><td>46</td><td>5</td><td>249</td><td>620</td><td>20</td></tr><tr><td>15 to 20 years</td><td>4,398</td><td>144</td><td>230</td><td>615</td><td>118</td><td>83</td><td>1</td><td>950</td><td>2,256</td><td>70</td></tr><tr><td>20 years and over</td><td>11,365</td><td>368</td><td>1,187</td><td>2,271</td><td>178</td><td>378</td><td>11</td><td>1,787</td><td>5,185</td><td>147</td></tr><tr><td>Guaranteed securities 2/</td><td>270</td><td>45</td><td>35</td><td>22</td><td>4</td><td>12</td><td>-</td><td>94</td><td>58</td><td>*</td></tr><tr><td>Total</td><td>191,195</td><td>58,557</td><td>6,043</td><td>4,729</td><td>4,207</td><td>2,669</td><td>9,197</td><td>36,278</td><td>70,516</td><td>1,683</td></tr><tr><td colspan="11">Maturity classes (final maturity 1/):</td></tr><tr><td>within 1 year</td><td>81,334</td><td>23,906</td><td>799</td><td>322</td><td>891</td><td>397</td><td>7,330</td><td>14,698</td><td>32,991</td><td>635</td></tr><tr><td>1 to 5 years</td><td>63,747</td><td>26,113</td><td>1,444</td><td>344</td><td>1,657</td><td>807</td><td>1,740</td><td>13,828</td><td>17,813</td><td>474</td></tr><tr><td>5 to 10 years</td><td>21,934</td><td>6,541</td><td>1,875</td><td>843</td><td>1,056</td><td>676</td><td>94</td><td>3,872</td><td>6,977</td><td>257</td></tr><tr><td>10 to 15 years</td><td>8,678</td><td>1,429</td><td>454</td><td>300</td><td>295</td><td>303</td><td>21</td><td>936</td><td>4,941</td><td>82</td></tr><tr><td>15 to 20 years</td><td>2,801</td><td>108</td><td>176</td><td>524</td><td>81</td><td>45</td><td>*</td><td>777</td><td>1,090</td><td>36</td></tr><tr><td>20 years and over</td><td>13,431</td><td>414</td><td>1,258</td><td>2,374</td><td>222</td><td>428</td><td>13</td><td>2,073</td><td>6,648</td><td>200</td></tr><tr><td>Guaranteed securities 2/</td><td>270</td><td>45</td><td>35</td><td>22</td><td>4</td><td>12</td><td>-</td><td>94</td><td>58</td><td>*</td></tr><tr><td>Total</td><td>192,195</td><td>58,557</td><td>6,043</td><td>4,729</td><td>4,207</td><td>2,669</td><td>9,197</td><td>36,278</td><td>70,516</td><td>1,683</td></tr><tr><td colspan="11">Statute 1/</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>1,485</td><td>1,334</td><td>*</td><td>*</td><td>26</td><td>1</td><td>5</td><td>*</td><td>119</td><td>*</td></tr><tr><td>Subject to Federal income taxes 12/</td><td>190,710</td><td>57,223</td><td>6,043</td><td>4,728</td><td>4,181</td><td>2,667</td><td>9,192</td><td>36,278</td><td>70,397</td><td>1,683</td></tr><tr><td>Total</td><td>192,195</td><td>58,557</td><td>6,043</td><td>4,729</td><td>4,207</td><td>2,669</td><td>9,197</td><td>36,278</td><td>70,516</td><td>1,683</td></tr></table>
1 November 1961
65
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 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>Issue</th><th>Total amount outstanding</th><th>6,261 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 30c life</th><th>519 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><th>Memorandum: Held by 13,000 corporate pension trust funds 2/</th></tr><tr><td>Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Regular weekly</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October 1961 - December 1961....</td><td>21,520</td><td>3,504</td><td>171</td><td>137</td><td>149</td><td>49</td><td>2,004</td><td>1,621</td><td>13,796</td><td>340</td></tr><tr><td>January 1962 - March 1962.....</td><td>7,397</td><td>1,065</td><td>23</td><td>17</td><td>32</td><td>9</td><td>887</td><td>1,607</td><td>4,297</td><td>14</td></tr><tr><td>Tax anticipation:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 1962....................</td><td>3,503</td><td>1,927</td><td>2</td><td>4</td><td>4</td><td>2</td><td>738</td><td>95</td><td>729</td><td>4</td></tr><tr><td>June 1962....................</td><td>2,511</td><td>1,981</td><td>*</td><td>5</td><td>*</td><td>2</td><td>83</td><td>46</td><td>393</td><td>*</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October 1961..................</td><td>1,502</td><td>246</td><td>40</td><td>4</td><td>6</td><td>7</td><td>114</td><td>98</td><td>988</td><td>1*</td></tr><tr><td>January 1962..................</td><td>1,502</td><td>196</td><td>10</td><td>*</td><td>14</td><td>7</td><td>131</td><td>211</td><td>926</td><td>1</td></tr><tr><td>April 1962....................</td><td>2,000</td><td>533</td><td>19</td><td>1</td><td>11</td><td>11</td><td>236</td><td>304</td><td>886</td><td>16</td></tr><tr><td>July 1962....................</td><td>2,004</td><td>681</td><td>21</td><td>14</td><td>4</td><td>14</td><td>256</td><td>159</td><td>854</td><td>6</td></tr><tr><td>Total Treasury bills............</td><td>41,939</td><td>10,133</td><td>292</td><td>183</td><td>220</td><td>102</td><td>4,539</td><td>3,601</td><td>21,869</td><td>41*</td></tr><tr><td>Certificates of indebtedness:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4 May 1962-A..................</td><td>5,509</td><td>2,030</td><td>63</td><td>13</td><td>52</td><td>27</td><td>245</td><td>1,776</td><td>1,302</td><td>18</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-5/8 February 1962-A.........</td><td>647</td><td>219</td><td>5</td><td>*</td><td>17</td><td>7</td><td>54</td><td>83</td><td>262</td><td>4</td></tr><tr><td>4 February 1962-D.............</td><td>1,435</td><td>540</td><td>44</td><td>1</td><td>46</td><td>31</td><td>56</td><td>15</td><td>702</td><td>41</td></tr><tr><td>3-1/4 February 1962-F.........</td><td>9,098</td><td>1,955</td><td>57</td><td>40</td><td>51</td><td>25</td><td>537</td><td>4,876</td><td>1,57</td><td>18</td></tr><tr><td>4 May 1962-E..................</td><td>2,211</td><td>1,082</td><td>66</td><td>17</td><td>20</td><td>40</td><td>94</td><td>145</td><td>746</td><td>18</td></tr><tr><td>4 August 1962-B..............</td><td>158</td><td>79</td><td>2</td><td>*</td><td>2</td><td>1</td><td>2</td><td>*</td><td>71</td><td>2</td></tr><tr><td>3-1/4 August 1962-G.........</td><td>7,325</td><td>1,641</td><td>110</td><td>5</td><td>34</td><td>80</td><td>203</td><td>3,670</td><td>1,591</td><td>33</td></tr><tr><td>2-3/4 November 1962-2.........</td><td>1,143</td><td>581</td><td>46</td><td>4</td><td>72</td><td>24</td><td>18</td><td>39</td><td>300</td><td>3</td></tr><tr><td>4-1/4 November 1962-H.........</td><td>6,082</td><td>1,024</td><td>36</td><td>11</td><td>34</td><td>15</td><td>253</td><td>3,368</td><td>1,341</td><td>3</td></tr><tr><td>2-5/8 February 1963-A.........</td><td>2,839</td><td>1,964</td><td>34</td><td>10</td><td>63</td><td>31</td><td>70</td><td>146</td><td>562</td><td>3</td></tr><tr><td>4 May 1963-B..................</td><td>1,743</td><td>714</td><td>73</td><td>*</td><td>32</td><td>33</td><td>4</td><td>69</td><td>818</td><td>18</td></tr><tr><td>3-1/4 May 1963-D.............</td><td>2,753</td><td>1,062</td><td>48</td><td>26</td><td>16</td><td>53</td><td>26</td><td>855</td><td>667</td><td>8</td></tr><tr><td>4-7/8 November 1963-C.........</td><td>3,011</td><td>1,017</td><td>156</td><td>9</td><td>86</td><td>33</td><td>29</td><td>154</td><td>1,526</td><td>41</td></tr><tr><td>3-3/4 May 1964-D.............</td><td>3,893</td><td>2,110</td><td>87</td><td>7</td><td>159</td><td>70</td><td>18</td><td>273</td><td>1,169</td><td>24</td></tr><tr><td>4-3/4 May 1964-A.............</td><td>4,933</td><td>594</td><td>94</td><td>15</td><td>54</td><td>22</td><td>27</td><td>2,821</td><td>1,306</td><td>19</td></tr><tr><td>4 August 1964-B..............</td><td>2,316</td><td>310</td><td>93</td><td>12</td><td>46</td><td>14</td><td>53</td><td>191</td><td>1,596</td><td>9</td></tr><tr><td>3-3/4 August 1964-E.........</td><td>5,019</td><td>2,115</td><td>88</td><td>15</td><td>57</td><td>52</td><td>82</td><td>1,651</td><td>960</td><td>1</td></tr><tr><td>4-7/8 November 1964-O.........</td><td>4,195</td><td>858</td><td>144</td><td>10</td><td>50</td><td>28</td><td>15</td><td>2,288</td><td>801</td><td>1</td></tr><tr><td>4-5/8 May 1965-A.............</td><td>2,113</td><td>701</td><td>154</td><td>20</td><td>63</td><td>54</td><td>11</td><td>352</td><td>703</td><td>1</td></tr><tr><td>1-1/2 October 1961-EO.........</td><td>52</td><td>12</td><td>*</td><td>1</td><td>2</td><td>*</td><td>6</td><td>*</td><td>31</td><td>1</td></tr><tr><td>1-1/2 April 1962-EA...........</td><td>551</td><td>118</td><td>*</td><td>*</td><td>40</td><td>*</td><td>220</td><td>25</td><td>148</td><td>1</td></tr><tr><td>1-1/2 October 1962-EO.........</td><td>90</td><td>132</td><td>*</td><td>*</td><td>12</td><td>*</td><td>247</td><td>*</td><td>236</td><td>1</td></tr><tr><td>1-1/2 April 1963-EA...........</td><td>33</td><td>270</td><td>*</td><td>*</td><td>33</td><td>*</td><td>90</td><td>*</td><td>25</td><td>1</td></tr><tr><td>1-1/2 October 1963-EU.........</td><td>60</td><td>87</td><td>1</td><td>1</td><td>20</td><td>*</td><td>53</td><td>*</td><td>244</td><td>1</td></tr><tr><td>1-1/2 April 1964-EA...........</td><td>457</td><td>52</td><td>5</td><td>3</td><td>41</td><td>*</td><td>57</td><td>*</td><td>148</td><td>1</td></tr><tr><td>1-1/2 October 1964-EC.........</td><td>440</td><td>2.7</td><td>13</td><td>11</td><td>29</td><td>2</td><td>77</td><td>*</td><td>13</td><td>1</td></tr><tr><td>1-1/2 April 1965-EA...........</td><td>466</td><td>170</td><td>26</td><td>95</td><td>25</td><td>*</td><td>89</td><td>*</td><td>11</td><td>1</td></tr><tr><td>1-1/2 October 1965-EO.........</td><td>315</td><td>175</td><td>6</td><td>17</td><td>10</td><td>2</td><td>35</td><td>*</td><td>71</td><td>1</td></tr><tr><td>1-1/2 April 1966-EA...........</td><td>314</td><td>131</td><td>*</td><td>16</td><td>20</td><td>1</td><td>66</td><td>*</td><td>2</td><td>1</td></tr><tr><td>Total Treasury notes............</td><td>65,188</td><td>20,408</td><td>1,442</td><td>346</td><td>1,134</td><td>618</td><td>2,493</td><td>21,023</td><td>17,113</td><td>44</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>2-1/4 June 1959-62............</td><td>3,960</td><td>1,686</td><td>45</td><td>8</td><td>173</td><td>26</td><td>464</td><td>419</td><td>1,138</td><td>34</td></tr><tr><td>2-1/4 December 1959-62.........</td><td>2,271</td><td>995</td><td>15</td><td>12</td><td>108</td><td>18</td><td>118</td><td>384</td><td>622</td><td>9</td></tr><tr><td>2-3/4 December 1960-65 13/......</td><td>1,485</td><td>1,334</td><td>*</td><td>*</td><td>26</td><td>1</td><td>5</td><td>*</td><td>119</td><td>*</td></tr><tr><td>2-1/2 November 1961...........</td><td>6,963</td><td>3,078</td><td>113</td><td>53</td><td>208</td><td>57</td><td>903</td><td>88</td><td>2,462</td><td>70</td></tr><tr><td>2-1/2 June 1962-67............</td><td>1,464</td><td>664</td><td>89</td><td>9</td><td>95</td><td>30</td><td>10</td><td>162</td><td>405</td><td>13</td></tr><tr><td>2-1/2 August 1963-71...........</td><td>1,317</td><td>2,842</td><td>44</td><td>6</td><td>198</td><td>23</td><td>89</td><td>30</td><td>1,086</td><td>14</td></tr><tr><td>2-1/2 December 1963-68.........</td><td>1,818</td><td>602</td><td>202</td><td>53</td><td>160</td><td>65</td><td>12</td><td>223</td><td>501</td><td>12</td></tr><tr><td>3 February 1964................</td><td>3,854</td><td>1,369</td><td>53</td><td>2</td><td>66</td><td>101</td><td>46</td><td>140</td><td>1,077</td><td>1</td></tr><tr><td>2-1/2 June 1964-69............</td><td>1,937</td><td>653</td><td>44</td><td>118</td><td>151</td><td>84</td><td>24</td><td>444</td><td>768</td><td>10</td></tr><tr><td>2-1/2 December 1964-69.........</td><td>1,556</td><td>631</td><td>291</td><td>117</td><td>112</td><td>78</td><td>4</td><td>510</td><td>812</td><td>11</td></tr><tr><td>2-5/8 February 1965-70.........</td><td>6,896</td><td>3,707</td><td>118</td><td>34</td><td>301</td><td>140</td><td>164</td><td>817</td><td>1,616</td><td>1</td></tr><tr><td>2-1/2 March 1965-70...........</td><td>2,477</td><td>370</td><td>100</td><td>177</td><td>114</td><td>52</td><td>*</td><td>755</td><td>653</td><td>1</td></tr><tr><td>2-1/2 March 1966-71...........</td><td>1,400</td><td>138</td><td>160</td><td>177</td><td>86</td><td>41</td><td>1</td><td>377</td><td>442</td><td>1</td></tr><tr><td>3-3/4 May 1966-71.............</td><td>1,213</td><td>615</td><td>32</td><td>7</td><td>26</td><td>27</td><td>*</td><td>114</td><td>392</td><td>1</td></tr><tr><td>3 August 1966..................</td><td>1,484</td><td>824</td><td>46</td><td>2</td><td>17</td><td>94</td><td>3</td><td>134</td><td>375</td><td>1</td></tr><tr><td>3-3/8 November 1966-72.........</td><td>2,438</td><td>1,417</td><td>49</td><td>15</td><td>84</td><td>18</td><td>18</td><td>114</td><td>683</td><td>12</td></tr><tr><td>2-1/2 June 1967-72............</td><td>1,766</td><td>1,13</td><td>130</td><td>78</td><td>42</td><td>73</td><td>4</td><td>181</td><td>1,155</td><td>16</td></tr><tr><td>2-1/2 September 1967-72.........</td><td>1,716</td><td>1,111</td><td>135</td><td>22</td><td>117</td><td>89</td><td>1</td><td>339</td><td>883</td><td>15</td></tr><tr><td>3-5/8 November 1967............</td><td>3,604</td><td>1,314</td><td>149</td><td>43</td><td>131</td><td>146</td><td>20</td><td>709</td><td>1,040</td><td>17</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
66
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1961
Section 1 - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
<table><tr><th>Issuer</th><th>Total amount outstanding</th><th>6,261 commercial banks 2/ 3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 life</th><th>519 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>488 corporations</th><th>U.S. Government investment securities and Federal Reserve Bank</th><th>Held by all other investors 4/</th><th>Money in unit trusts</th></tr><tr><td colspan="11">treasury bonds - (Continued):</td></tr><tr><td>2-1/24 December 1967-72</td><td>3,542</td><td>135</td><td>117</td><td>173</td><td>110</td><td>107</td><td>11</td><td>.80</td><td>.609</td><td>.4</td></tr><tr><td>3-7/8 May 1968</td><td>2,137</td><td>583</td><td>157</td><td>24</td><td>71</td><td>93</td><td>1</td><td>.374</td><td>.84</td><td>.8</td></tr><tr><td>4 October 1969</td><td>1,474</td><td>168</td><td>93</td><td>29</td><td>58</td><td>.8</td><td>*</td><td>.03</td><td>.84</td><td>*</td></tr><tr><td>3-7/8 November 1974</td><td>654</td><td>3</td><td>72</td><td>26</td><td>27</td><td>34</td><td>-</td><td>.136</td><td>.324</td><td>1</td></tr><tr><td>4-1/4 May 1975-85</td><td>470</td><td>11</td><td>17</td><td>12</td><td>7</td><td>12</td><td>-</td><td>.114</td><td>.297</td><td>1</td></tr><tr><td>3-1/4 June 1978-83</td><td>1,596</td><td>36</td><td>54</td><td>91</td><td>37</td><td>38</td><td>1</td><td>.173</td><td>1,166</td><td>4</td></tr><tr><td>3-1/2 February 1980</td><td>884</td><td>21</td><td>30</td><td>100</td><td>25</td><td>22</td><td>*</td><td>.104</td><td>.583</td><td>1</td></tr><tr><td>3-1/2 November 1981</td><td>1,917</td><td>87</td><td>147</td><td>44</td><td>55</td><td>4</td><td>*</td><td>.673</td><td>.507</td><td>1</td></tr><tr><td>3-1/4 May 1985</td><td>1,132</td><td>115</td><td>50</td><td>191</td><td>28</td><td>107</td><td>-</td><td>.156</td><td>.485</td><td>*</td></tr><tr><td>3-1/2 February 1990</td><td>4,015</td><td>123</td><td>405</td><td>912</td><td>88</td><td>134</td><td>1</td><td>.782</td><td>1,570</td><td>.65</td></tr><tr><td>3 February 1995</td><td>2,689</td><td>49</td><td>153</td><td>221</td><td>38</td><td>69</td><td>1</td><td>.177</td><td>1,371</td><td>1</td></tr><tr><td>3-1/2 November 1998</td><td>3,529</td><td>80</td><td>580</td><td>948</td><td>24</td><td>68</td><td>*</td><td>.670</td><td>1,159</td><td>1</td></tr><tr><td>Total Treasury bonds</td><td>79,289</td><td>25,942</td><td>4,230</td><td>4,164</td><td>2,797</td><td>1,910</td><td>1,919</td><td>9,785</td><td>28,453</td><td>7</td></tr><tr><td>Guaranteed securities 2/</td><td>270</td><td>45</td><td>35</td><td>22</td><td>4</td><td>12</td><td>-</td><td>94</td><td>18</td><td>*</td></tr><tr><td>Total public marketable securities</td><td>192,195</td><td>58,557</td><td>6,043</td><td>4,729</td><td>4,207</td><td>2,669</td><td>9,135</td><td>30,278</td><td>70,516</td><td>1,684</td></tr></table>
Footnotes at end of Table
Table 4.- Interest-Bearing Public Nonmarketable 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 4/</th><th rowspan="2">Memorandum: Held by 13, 4 corporations and federal trust funds 5/</th></tr><tr><th>6,261 commercial banks 2/ 4/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 30x life</th><th>519 fire, casualty, and marine</th><th>489 savings and loan associations</th><th>438 corporations</th><th>U. S. Government investment accounts and Federal Reserve Banks</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></tr><tr><td>Series E 6/</td><td>37,953</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>1</td><td>37,451</td><td>1</td></tr><tr><td>Series F 6/</td><td>313</td><td>44</td><td>-</td><td>*</td><td>8</td><td>*</td><td>1</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Series G</td><td>1,359</td><td>116</td><td>16</td><td>15</td><td>28</td><td>15</td><td>1</td><td>*</td><td>1,165</td><td>13</td></tr><tr><td>Series H</td><td>6,161</td><td>*</td><td>*</td><td>*</td><td>*</td><td>1</td><td>*</td><td>1</td><td>6,159</td><td>*</td></tr><tr><td>Series J 6/</td><td>544</td><td>*</td><td>*</td><td>1</td><td>*</td><td>4</td><td>1</td><td>1</td><td>532</td><td>3</td></tr><tr><td>Series K</td><td>1,341</td><td>2</td><td>10</td><td>4</td><td>14</td><td>29</td><td>2</td><td>4</td><td>1,275</td><td>2</td></tr><tr><td>Total United States savings bonds</td><td>47,670</td><td>166</td><td>27</td><td>20</td><td>56</td><td>52</td><td>4</td><td>10</td><td>47,334</td><td>12</td></tr><tr><td>Other U. S. 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>Certificates of indebtedness - Foreign</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</td><td>450</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>450</td><td>*</td></tr><tr><td>Depository bonds</td><td>149</td><td>149 7/</td><td>*</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>R. E. A. Series</td><td>21</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>21</td><td>*</td></tr><tr><td>Investment Series A</td><td>465</td><td>108</td><td>18</td><td>122</td><td>14</td><td>5</td><td>*</td><td>100</td><td>99</td><td>*</td></tr><tr><td>Investment Series B</td><td>5,085</td><td>81</td><td>198</td><td>1,113</td><td>85</td><td>59</td><td>6</td><td>1,111</td><td>1,244</td><td>*</td></tr><tr><td>Total other U. S. securities</td><td>6,171</td><td>338 7/</td><td>216</td><td>1,235</td><td>99</td><td>64</td><td>5</td><td>2,411</td><td>1,803</td><td>7</td></tr><tr><td>Total public nonmarketable securities</td><td>53,841</td><td>505 7/</td><td>44</td><td>1,255</td><td>155</td><td>116</td><td>9</td><td>2,441</td><td>4,137</td><td>19</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 and, beginning with figures for July 1949, also includes stock savings banks. Previously, those banks were reported as a separate classification. included with all other investors are those banks, insurance companies, savings and loan associations, and corporations not reporting in the Treasury Survey. Consists of corporate pension trust funds and profit sharing plans which involve retirement benefits. The data are compiled from quarterly reports by *trustees of funds which account for approximately 30 percent of United States Government securities held by all corporate pension trust funds. Since the data are not available each month, the regular monthly Survey includes holdings by these funds under "Held by all other investors." The quarterly data are presented as supplemental information in a memorandum column accompanying the Survey for each reporting date, beginning with December 31, 1953. The corresponding information from earlier reports, beginning with December 31, 1949,
is summarized on page 30 of the March 19% Treasury Bulletin. 6/ United States savings bonds, Series E, F, and J, are shown at current redemption value. They were reported to the Treasury Survey at maturity value but have been adjusted to current redemption value for use in this statement. 7/ Includes $68 million depository bonds held by commercial banks not included in the Treasury Survey. 8/ Holdings by reporting investors not available. 9/ Guaranteed securities are those held outside the Treasury. 10/ Except partially tax-exempt bonds, which are classified to earliest call date. 11/ 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 $3,000 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.
November 1961
67
TREASURY SURVEY OF OWNERSHIP
SEPTEMBER 30, 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 14/2/3/</th><th>6,261 commercial banks 2/3/</th><th>512 mutual savings banks 2/</th><th>Insurance companies 306 life</th><th>519 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><th>Memorandum: Held by 13,050 corporate pension trust funds 2/</th></tr><tr><td colspan="11">Banks for cooperatives:</td></tr><tr><td>2-3/4% October 1961 (Debentures)</td><td>112</td><td>28</td><td>3</td><td>-</td><td>*</td><td>-</td><td>42</td><td>-</td><td>38</td><td>*</td></tr><tr><td>2.70% December 1961 (Debentures)</td><td>138</td><td>31</td><td>2</td><td>-</td><td>1</td><td>1</td><td>35</td><td>-</td><td>69</td><td>*</td></tr><tr><td>2.95% February 1962 (Debentures)</td><td>134</td><td>37</td><td>3</td><td>2</td><td>1</td><td>1</td><td>28</td><td>11</td><td>51</td><td>*</td></tr><tr><td>Total banks for cooperatives securities</td><td>384</td><td>97</td><td>8</td><td>2</td><td>2</td><td>1</td><td>105</td><td>11</td><td>158</td><td>1</td></tr><tr><td colspan="11">Federal home loan banks: 15/</td></tr><tr><td>3.10% January 1962 (Notes)</td><td>148</td><td>38</td><td>8</td><td>1</td><td>1</td><td>8</td><td>28</td><td>-</td><td>64</td><td>*</td></tr><tr><td>3% February 1962 (Notes)</td><td>238</td><td>47</td><td>9</td><td>2</td><td>4</td><td>13</td><td>72</td><td>7</td><td>84</td><td>1</td></tr><tr><td>3% March 1962 (Notes)</td><td>100</td><td>27</td><td>6</td><td>*</td><td>*</td><td>5</td><td>24</td><td>-</td><td>38</td><td>*</td></tr><tr><td>3.15% April 1962 (Notes)</td><td>381</td><td>159</td><td>14</td><td>2</td><td>1</td><td>15</td><td>61</td><td>-</td><td>129</td><td>1</td></tr><tr><td>3.05% May 1962 (Notes)</td><td>218</td><td>67</td><td>7</td><td>2</td><td>1</td><td>12</td><td>37</td><td>-</td><td>93</td><td>2</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>89</td><td>1</td></tr><tr><td>Total Federal home loan bank securities</td><td>1,335</td><td>417</td><td>50</td><td>7</td><td>12</td><td>120</td><td>224</td><td>7</td><td>497</td><td>5</td></tr><tr><td colspan="11">Federal intermediate credit banks:</td></tr><tr><td>Debentures</td><td>1,782</td><td>397</td><td>98</td><td>16</td><td>27</td><td>13</td><td>387</td><td>17</td><td>828</td><td>10</td></tr><tr><td colspan="11">Federal land banks: 16/</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>*</td><td>8</td><td>-</td><td>47</td><td>1</td></tr><tr><td>4% May 1962 (Bonds)</td><td>125</td><td>18</td><td>3</td><td>1</td><td>1</td><td>1</td><td>17</td><td>-</td><td>85</td><td>4</td></tr><tr><td>4-7/8% August 1962 (Bonds)</td><td>98</td><td>11</td><td>5</td><td>*</td><td>4</td><td>*</td><td>1</td><td>-</td><td>77</td><td>4</td></tr><tr><td>3-1/4% October 1962 (Bonds)</td><td>104</td><td>32</td><td>8</td><td>1</td><td>2</td><td>1</td><td>2</td><td>-</td><td>58</td><td>3</td></tr><tr><td>3-5/8% February 1963 (Bonds)</td><td>115</td><td>29</td><td>8</td><td>-</td><td>2</td><td>1</td><td>3</td><td>-</td><td>73</td><td>1</td></tr><tr><td>2-3/4% May 1963 (Bonds)</td><td>122</td><td>64</td><td>3</td><td>2</td><td>1</td><td>*</td><td>1</td><td>-</td><td>50</td><td>2</td></tr><tr><td>4-1/2% April 1964 (Bonds)</td><td>147</td><td>19</td><td>15</td><td>2</td><td>6</td><td>1</td><td>2</td><td>-</td><td>103</td><td>5</td></tr><tr><td>4% October 1964 (Bonds)</td><td>90</td><td>29</td><td>13</td><td>-</td><td>1</td><td>*</td><td>-</td><td>-</td><td>47</td><td>2</td></tr><tr><td>4% October 1965 (Bonds)</td><td>160</td><td>45</td><td>18</td><td>*</td><td>4</td><td>2</td><td>2</td><td>-</td><td>89</td><td>3</td></tr><tr><td>4% December 1965 (Bonds)</td><td>115</td><td>25</td><td>14</td><td>*</td><td>1</td><td>1</td><td>-</td><td>-</td><td>74</td><td>4</td></tr><tr><td>3-5/8% February 1966 (Bonds)</td><td>150</td><td>25</td><td>37</td><td>2</td><td>6</td><td>1</td><td>*</td><td>-</td><td>79</td><td>4</td></tr><tr><td>3-1/4% May 1966 (Bonds)</td><td>108</td><td>38</td><td>6</td><td>1</td><td>5</td><td>1</td><td>-</td><td>-</td><td>58</td><td>3</td></tr><tr><td>4-1/4% July 1966 (Bonds)</td><td>193</td><td>50</td><td>24</td><td>1</td><td>7</td><td>-</td><td>13</td><td>-</td><td>98</td><td>4</td></tr><tr><td>4-1/8% February 1967-72 (Bonds)</td><td>72</td><td>2</td><td>2</td><td>5</td><td>*</td><td>*</td><td>*</td><td>-</td><td>62</td><td>10</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><td>8</td></tr><tr><td>4-1/4% March 1968 (Bonds)</td><td>86</td><td>6</td><td>4</td><td>1</td><td>1</td><td>*</td><td>*</td><td>-</td><td>74</td><td>9</td></tr><tr><td>4-3/8% March 1969 (Bonds)</td><td>100</td><td>5</td><td>6</td><td>1</td><td>2</td><td>*</td><td>-</td><td>-</td><td>86</td><td>10</td></tr><tr><td>4-5/8% July 1969 (Bonds)</td><td>60</td><td>3</td><td>1</td><td>1</td><td>1</td><td>*</td><td>*</td><td>-</td><td>53</td><td>7</td></tr><tr><td>5-1/8% February 1970 (Bonds)</td><td>82</td><td>2</td><td>7</td><td>1</td><td>3</td><td>-</td><td>-</td><td>-</td><td>69</td><td>12</td></tr><tr><td>3-1/2% April 1970 (Bonds)</td><td>83</td><td>11</td><td>9</td><td>*</td><td>1</td><td>2</td><td>-</td><td>-</td><td>60</td><td>5</td></tr><tr><td>5-1/8% July 1970 (Bonds)</td><td>85</td><td>1</td><td>4</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>78</td><td>17</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><td>8</td></tr><tr><td>3-7/8% September 1972 (Bonds)</td><td>109</td><td>1</td><td>3</td><td>6</td><td>3</td><td>1</td><td>1</td><td>-</td><td>94</td><td>16</td></tr><tr><td>Total Federal land bank securities</td><td>2,431</td><td>449</td><td>198</td><td>33</td><td>58</td><td>12</td><td>52</td><td>-</td><td>1,630</td><td>138</td></tr><tr><td colspan="11">Federal National Mortgage Association:</td></tr><tr><td>Discount notes</td><td>341</td><td>14</td><td>6</td><td>3</td><td>1</td><td>6</td><td>155</td><td>-</td><td>155</td><td>1</td></tr><tr><td>3-1/2% February 1962 (Debentures)</td><td>200</td><td>48</td><td>12</td><td>2</td><td>6</td><td>17</td><td>11</td><td>*</td><td>104</td><td>5</td></tr><tr><td>4-7/8% September 1962 (Debentures)</td><td>150</td><td>17</td><td>15</td><td>1</td><td>4</td><td>8</td><td>1</td><td>-</td><td>104</td><td>4</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><td>4</td></tr><tr><td>4-1/8% November 1963 (Debentures)</td><td>100</td><td>16</td><td>6</td><td>*</td><td>8</td><td>8</td><td>-</td><td>-</td><td>61</td><td>3</td></tr><tr><td>3-5/8% May 1964 (Debentures)</td><td>100</td><td>33</td><td>4</td><td>1</td><td>1</td><td>15</td><td>-</td><td>-</td><td>45</td><td>1</td></tr><tr><td>4% September 1964 (Debentures)</td><td>150</td><td>33</td><td>11</td><td>*</td><td>2</td><td>8</td><td>15</td><td>-</td><td>81</td><td>2</td></tr><tr><td>4-3/8% June 1965 (Debentures)</td><td>100</td><td>13</td><td>9</td><td>1</td><td>4</td><td>11</td><td>*</td><td>-</td><td>62</td><td>5</td></tr><tr><td>4-1/8% December 1966 (Debentures)</td><td>100</td><td>19</td><td>8</td><td>*</td><td>2</td><td>14</td><td>4</td><td>-</td><td>53</td><td>3</td></tr><tr><td>3-5/8% March 1968 (Debentures)</td><td>100</td><td>14</td><td>6</td><td>1</td><td>5</td><td>24</td><td>*</td><td>-</td><td>51</td><td>4</td></tr><tr><td>4-3/8% April 1969 (Debentures)</td><td>90</td><td>3</td><td>6</td><td>2</td><td>7</td><td>2</td><td>-</td><td>-</td><td>70</td><td>14</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>1</td><td>2</td><td>-</td><td>109</td><td>25</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>84</td><td>6</td></tr><tr><td>4-1/8% August 1971 (Debentures)</td><td>75</td><td>6</td><td>10</td><td>1</td><td>11</td><td>3</td><td>-</td><td>-</td><td>43</td><td>4</td></tr><tr><td>4-1/2% September 1971 (Debentures)</td><td>100</td><td>3</td><td>9</td><td>3</td><td>5</td><td>1</td><td>-</td><td>-</td><td>79</td><td>12</td></tr><tr><td>5-1/8% February 1972 (Debentures)</td><td>100</td><td>1</td><td>9</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>84</td><td>13</td></tr><tr><td>4-1/4% June 1973 (Debentures)</td><td>150</td><td>10</td><td>24</td><td>7</td><td>5</td><td>14</td><td>1</td><td>-</td><td>89</td><td>9</td></tr><tr><td>Total Federal National Mortgage Association securities</td><td>2,281</td><td>290</td><td>176</td><td>30</td><td>86</td><td>158</td><td>196</td><td>*</td><td>1,341</td><td>109</td></tr><tr><td colspan="11">Tennessee Valley Authority:</td></tr><tr><td>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>51</td><td>1</td></tr><tr><td>4-5/8% July 1986 (Bonds)</td><td>50</td><td>-</td><td>*</td><td>3</td><td>1</td><td>*</td><td>4</td><td>-</td><td>44</td><td>1</td></tr><tr><td>Total Tennessee Valley Authority securities</td><td>100</td><td>*</td><td>1</td><td>8</td><td>9</td><td>*</td><td>4</td><td>-</td><td>77</td><td>-</td></tr></table>
Footnotes 1 through 11 on preceding page.
12/ Includes guaranteed securities which are classified as taxable although a small indeterminate amount of the Federal Housing Administration debentures is partially tax-exempt.
13/ The Treasury bonds of 1960-65 are partially tax-exempt (see footnote 11).
14/ includes only publicly offered issues.
15/ The proprietary interest of the United States in these banks ended in July 1951.
16/ The proprietary interest of the United States in these banks ended in June 1947.
* Less than $600,000.
68
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 29, 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. Outstanding issued 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="2">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="6">Regular weekly bills - 13 and 26 weeks</td><td colspan="5">Regular weekly bills - 26 weeks</td></tr><tr><td>$1,101</td><td>$600 1/</td><td>7/6/61</td><td>4/6/61</td><td>10/5/61</td><td>2.00%</td><td>-.06%</td><td>$600</td><td>8/3/61</td><td>2/1/62</td><td>2.50%</td><td>-.12%</td></tr><tr><td>1,101</td><td>600 1/</td><td>7/13/61</td><td>4/13/61</td><td>10/13/61</td><td>1.96</td><td>-.20</td><td>600</td><td>8/10/61</td><td>2/8/62</td><td>2.51</td><td>-.13</td></tr><tr><td>1,100</td><td>500 1/</td><td>7/20/61</td><td>4/20/61</td><td>10/19/61</td><td>1.95</td><td>-.27</td><td>600</td><td>8/17/61</td><td>2/15/62</td><td>2.53</td><td>-.12</td></tr><tr><td>1,100</td><td>500 1/</td><td>7/27/61</td><td>4/27/61</td><td>10/26/61</td><td>1.95</td><td>-.27</td><td>600</td><td>8/24/61</td><td>2/23/62</td><td>2.52</td><td>-.12</td></tr><tr><td>1,101</td><td>600 1/</td><td>8/3/61</td><td>5/4/61</td><td>11/2/61</td><td>2.07</td><td>-.23</td><td>600</td><td>8/31/61</td><td>3/1/62</td><td>2.60</td><td>-.06</td></tr><tr><td>1,100</td><td>600 1/</td><td>8/10/61</td><td>5/11/61</td><td>11/9/61</td><td>2.12</td><td>-.20</td><td>595</td><td>9/7/61</td><td>3/8/62</td><td>2.62</td><td>-</td></tr><tr><td>1,101</td><td>601 1/</td><td>8/17/61</td><td>5/18/61</td><td>11/16/61</td><td>2.14</td><td>-.18</td><td>601</td><td>9/14/61</td><td>3/15/62</td><td>2.63</td><td>-</td></tr><tr><td>1,101</td><td>600 1/</td><td>8/24/61</td><td>5/25/61</td><td>11/24/61</td><td>2.17</td><td>-.16</td><td>600</td><td>9/21/61</td><td>3/22/62</td><td>2.66</td><td>-</td></tr><tr><td>1,100</td><td>600 1/</td><td>8/31/61</td><td>6/1/61</td><td>11/30/61</td><td>2.20</td><td>-.15</td><td>600</td><td>9/28/61</td><td>3/29/62</td><td>2.67</td><td>-</td></tr><tr><td>1,109</td><td>500</td><td>9/7/61</td><td>6/8/61</td><td>12/7/61</td><td>2.21</td><td>-.11</td><td colspan="5">Tax anticipation bills</td></tr><tr><td>1,101</td><td>500</td><td>9/14/61</td><td>6/15/61</td><td>12/14/61</td><td>2.21</td><td>-.10</td><td>$3,503</td><td>7/26/61</td><td>3/23/62</td><td>2.68%</td><td>-.11%</td></tr><tr><td>1,100</td><td>501</td><td>9/21/61</td><td>6/23/61</td><td>12/21/61</td><td>2.23</td><td>-.07</td><td>2,511</td><td>9/27/61</td><td>6/22/62</td><td>2.82</td><td>-</td></tr><tr><td>1,100</td><td>500</td><td>9/28/61</td><td>6/29/61</td><td>12/28/61</td><td>2.23</td><td>-.07</td><td colspan="5">Other bills</td></tr><tr><td>-</td><td>500</td><td>-</td><td>7/6/61</td><td>1/4/62</td><td>2.31</td><td>-.13</td><td>$1,502</td><td>10/17/60</td><td>10/16/61</td><td>1.96%</td><td>-.22%</td></tr><tr><td>-</td><td>500</td><td>-</td><td>7/13/61</td><td>1/11/62</td><td>2.32</td><td>-.14</td><td>1,502</td><td>1/15/61</td><td>1/15/62</td><td>2.36</td><td>-.16</td></tr><tr><td>-</td><td>500</td><td>-</td><td>7/20/61</td><td>1/18/62</td><td>2.41</td><td>-.13</td><td>2,000</td><td>4/15/61</td><td>4/15/62</td><td>2.71</td><td>-.10</td></tr><tr><td>-</td><td>500</td><td>-</td><td>7/27/61</td><td>1/25/62</td><td>2.44</td><td>-.10</td><td>2,004</td><td>7/15/61</td><td>7/15/62</td><td>2.86</td><td>-.04</td></tr></table>
Footnotes at end of Table 5.
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th rowspan="2">Issue date</th><th colspan="2">Price</th><th colspan="2">Yield</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th></tr><tr><td>$5,509</td><td>3% - 5/15/62-A</td><td>5/15/61</td><td>100.02</td><td>+ .01</td><td>2.89%</td><td>- .06%</td></tr></table>
Table 3.- Treasury Notes (Taxable)
(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 maturity</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><td>$647</td><td>3-5/8%</td><td>-</td><td>2/15/62-A</td><td>100.12</td><td>.00</td><td>2.58%</td><td>-.18%</td><td>5/1/57</td><td>105.12</td><td>4/24/58</td><td>96.30</td><td>12/22/59</td></tr><tr><td>1,435</td><td>4</td><td>-</td><td>2/15/62-D</td><td>100.18</td><td>.00</td><td>2.44</td><td>-.27</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>9,098</td><td>3-1/4</td><td>-</td><td>2/15/62-F</td><td>100.08</td><td>+1.02</td><td>2.55</td><td>-.27</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>2,211</td><td>4</td><td>-</td><td>5/15/62-E</td><td>100.22</td><td>-.00%</td><td>2.85</td><td>-.10</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>158</td><td>4</td><td>-</td><td>8/15/62-B</td><td>100.30</td><td>+1.02</td><td>2.89</td><td>-.16</td><td>9/26/57</td><td>107.05</td><td>6/6/58</td><td>98.06</td><td>12/4/59</td></tr><tr><td>7,325</td><td>3-1/4</td><td>-</td><td>8/15/62-G</td><td>100.08</td><td>+1.02</td><td>2.95</td><td>-.10</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>3-3/4</td><td>-</td><td>11/15/62-C</td><td>100.24</td><td>+1.02</td><td>3.06</td><td>-.10</td><td>11/29/57</td><td>106.13</td><td>4/22/58</td><td>96.06</td><td>12/28/58</td></tr><tr><td>6,082</td><td>3-1/4</td><td>-</td><td>11/15/62-H</td><td>100.07</td><td>+1.05</td><td>3.05</td><td>-.14</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>2/15/63-A</td><td>99.11</td><td>+1.05</td><td>3.12</td><td>-.09</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>4</td><td>-</td><td>5/15/63-B</td><td>101.01</td><td>-.03</td><td>3.34</td><td>+1.03</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>2,753</td><td>3-1/4</td><td>-</td><td>5/15/63-D</td><td>99.28</td><td>-.01%</td><td>3.32</td><td>+1.03</td><td>5/15/61</td><td>100.14</td><td>5/12/61</td><td>99.20</td><td>6/5/61</td></tr><tr><td>3,011</td><td>4-7/8</td><td>-</td><td>11/15/63-C</td><td>102.30</td><td>.00</td><td>3.42</td><td>-.05</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>5/15/64-A</td><td>103.00</td><td>+1.10</td><td>3.54</td><td>-.16</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>5/15/64-D</td><td>100.15</td><td>+1.11</td><td>3.56</td><td>-.14</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>2,316</td><td>5</td><td>-</td><td>8/15/64-B</td><td>103.25</td><td>+1.05</td><td>3.60</td><td>-.09</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>8/15/64-E</td><td>100.11</td><td>+1.09</td><td>3.62</td><td>-.11</td><td>8/1/61</td><td>100.11</td><td>9/29/61</td><td>99.23</td><td>8/14/61</td></tr><tr><td>4,195</td><td>4-7/8</td><td>-</td><td>11/15/64-C</td><td>103.16</td><td>+1.06</td><td>3.67</td><td>-.09</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>2,113</td><td>4-5/8</td><td>-</td><td>5/15/65-A</td><td>103.02</td><td>+1.10</td><td>3.71</td><td>-.11</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>52</td><td>1-1/2</td><td>-</td><td>10/1/61-EO</td><td>3/</td><td>-</td><td>3/</td><td>-</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>551</td><td>1-1/2</td><td>-</td><td>4/1/62-EA</td><td>99.14</td><td>+1.05</td><td>2.65</td><td>-.13</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>590</td><td>1-1/2</td><td>-</td><td>10/1/62-EO</td><td>98.28</td><td>+1.10</td><td>2.66</td><td>-.21</td><td>10/1/57</td><td>98.28</td><td>9/29/61</td><td>88.12</td><td>10/2/57</td></tr><tr><td>533</td><td>1-1/2</td><td>-</td><td>4/1/63-EA</td><td>97.26</td><td>+1.14</td><td>2.97</td><td>-.26</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>506</td><td>1-1/2</td><td>-</td><td>10/1/63-EO</td><td>96.26</td><td>+1.12</td><td>3.17</td><td>-.12</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>4/1/64-EA</td><td>95.20</td><td>+1.18</td><td>3.35</td><td>-.17</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>10/1/64-EO</td><td>94.21</td><td>+1.25</td><td>3.39</td><td>-.24</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>466</td><td>1-1/2</td><td>-</td><td>4/1/65-EA</td><td>92.28</td><td>+1.24</td><td>3.69</td><td>-.19</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>10/1/65-EO</td><td>91.30</td><td>+1.26</td><td>3.69</td><td>-.19</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>314</td><td>1-1/2</td><td>-</td><td>4/1/66-EA</td><td>90.08</td><td>+1.22</td><td>3.88</td><td>-.14</td><td>4/1/61</td><td>93.02</td><td>5/15/61</td><td>89.06</td><td>9/8/61</td></tr></table>
Footnotes at end of Table 5.
November 1901
69
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 29, 1961
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount out-standing (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 4/</th><th>Change from last month</th><th colspan="2">Highb</th><th colspan="2">Low</th></tr><tr><td>$6,963</td><td>2-1/2%</td><td>-</td><td>100.02</td><td>+ .01½</td><td>1.95%</td><td>-.45%</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>99.21</td><td>+ .05</td><td>2.75</td><td>-.15</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>99.05</td><td>+ .03</td><td>2.97</td><td>-.03</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>98.21</td><td>+ .05</td><td>3.24</td><td>-.06</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>99.01</td><td>+ .09</td><td>3.43</td><td>-.11</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>96.20</td><td>+ .16</td><td>3.70</td><td>-.14</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>100.13</td><td>+ .16</td><td>3.65</td><td>-.13</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>97.17</td><td>+ .20</td><td>3.55</td><td>-.15</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>98.16</td><td>+ .20</td><td>3.70</td><td>-.15</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>92.30</td><td>+ .24</td><td>3.89</td><td>-.14</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>98.27</td><td>+ .21</td><td>3.84</td><td>-.12</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>100.07</td><td>+1.00</td><td>3.84</td><td>-.17</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>1,818</td><td>2-1/2</td><td>-</td><td>91.01</td><td>+ .27</td><td>3.95</td><td>-.12</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>2,637</td><td>2-1/2</td><td>-</td><td>90.20</td><td>+1.02</td><td>3.92</td><td>-.16</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>101.16</td><td>+ .30</td><td>3.78</td><td>-.14</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>90.12</td><td>+1.08</td><td>3.88</td><td>-.18</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>2,457</td><td>2-1/2</td><td>-</td><td>90.10</td><td>+1.10</td><td>3.85</td><td>-.19</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>1,400</td><td>2-1/2</td><td>-</td><td>89.08</td><td>+1.08</td><td>3.87</td><td>-.16</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>1,766</td><td>2-1/2</td><td>-</td><td>87.18</td><td>+ .24</td><td>3.93</td><td>-.09</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>87.14</td><td>+ .22</td><td>3.92</td><td>-.08</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>3,542</td><td>2-1/2</td><td>-</td><td>87.16</td><td>+ .24</td><td>3.89</td><td>-.08</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>100.00</td><td>+1.16</td><td>3.87</td><td>-.15</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>100.14</td><td>+ .26</td><td>3.97</td><td>-.06</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>1,917</td><td>3-1/2</td><td>-</td><td>93.09</td><td>+1.15</td><td>4.01</td><td>-.03</td><td>10/3/60</td><td>97.24</td><td>5/12/61</td><td>91.22</td><td>9/14/61</td></tr><tr><td>1,596</td><td>3-1/4</td><td>-</td><td>88.20</td><td>+ .02</td><td>4.04</td><td>.00</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>1,132</td><td>3-1/4</td><td>-</td><td>88.20</td><td>+ .02</td><td>4.00</td><td>.00</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>102.28</td><td>+ .24</td><td>3.99</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>4,015</td><td>3-1/2</td><td>-</td><td>90.06</td><td>.00</td><td>4.09</td><td>+ .01</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>2,689</td><td>3</td><td>-</td><td>85.20</td><td>+ .06</td><td>3.76</td><td>-.01</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>3,529</td><td>3-1/2</td><td>-</td><td>89.06</td><td>-.02</td><td>4.07</td><td>+ .01</td><td>10/3/60</td><td>95.14</td><td>5/12/61</td><td>87.14</td><td>9/14/61</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 4/</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>100.16</td><td>+.02</td><td>2.02%</td><td>-.16%</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. Not quoted on September 29, 1961. On callable issues market convention treats the yield to earliest
call date as more significant when an issue is selling above par, and to maturity when it is selling at par or below. 5/ The following exchanges resulted from the advance refunding offer dated September 7, 1961: $2,231 million of the 2-1/2% bonds of March 15, 1965-70 and $1,527 of the 2-1/2% bonds of March 15, 1966-71, for $1,274 million of the 3-1/2% bonds of November 15, 1980, $1,296 million of the 3-1/2% bonds of February 15, 1990 and $1,187 million of the 3-1/2% bonds of November 15, 1998. See "Debt Operations," Table 6. 6/ Included in the average yield of long-term taxable Treasury bonds as shown under "Average Yields of Long-Term Bonds."
70
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 29, 1961
YIELDS OF TAXABLE TREASURY SECURITIES, SEPT. 29, 1961
Based on Closing Bid Quotations
Office of the Secretary of the Secretary
F-598-J
November 1961
71
AVERAGE YIELDS OF LONG-TERM BONDS
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonda by Perioda
Treasury and
<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></table>
<table><tr><th colspan="8">Annual series - calendar year averages of monthly series</th></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>
<table><tr><th colspan="9">Monthly series - averages of daily series</th></tr><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>4.09</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 3/</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>4.08</td><td>4.49</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>4.45</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 3/</td><td>3.91</td><td>June</td><td>3.98</td><td>4.45</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/ 3/</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 3/</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>4.45</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>September</td><td>4.02</td><td>4.45</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>4.12</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 3/</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-April</td><td>7..</td><td>3.82</td><td>4.23</td><td>1961-June</td><td>2..</td><td>3.79</td><td>4.28</td><td>1961-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>May</td><td>5..</td><td>3.72</td><td>4.29</td><td>July</td><td>7..</td><td>3.92</td><td>4.38</td><td>September</td><td>1..</td><td>4.01</td><td>4.44</td></tr><tr><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><td></td><td>8..</td><td>4.02</td><td>4.46</td></tr><tr><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><td></td><td>15..</td><td>4.06</td><td>4.46</td></tr><tr><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><td></td><td>22..</td><td>4.02</td><td>4.45</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>29..</td><td>3.98</td><td>4.45</td></tr></table>
Daily series - unweighted averages
<table><tr><td>1961-September</td><td>1..</td><td>4.01</td><td>4.45</td><td>1961-September</td><td>12..</td><td>4.06</td><td>4.46</td><td>1961-September</td><td>21..</td><td>4.00</td><td>4.46</td></tr><tr><td></td><td>4..</td><td>4/</td><td>4/</td><td></td><td>13..</td><td>4.05</td><td>4.46</td><td></td><td>22..</td><td>4.00</td><td>4.45</td></tr><tr><td>.</td><td>5..</td><td>4.01</td><td>4.46</td><td></td><td>14..</td><td>4.06</td><td>4.46</td><td></td><td>25..</td><td>3.99</td><td>4.45</td></tr><tr><td></td><td>6..</td><td>4.01</td><td>4.46</td><td></td><td>15..</td><td>4.06</td><td>4.45</td><td></td><td>26..</td><td>3.97</td><td>4.45</td></tr><tr><td></td><td>7..</td><td>4.01</td><td>4.46</td><td></td><td>18..</td><td>4.04</td><td>4.45</td><td></td><td>27..</td><td>3.97</td><td>4.44</td></tr><tr><td></td><td>8..</td><td>4.06</td><td>4.46</td><td></td><td>19..</td><td>4.03</td><td>4.45</td><td></td><td>28..</td><td>3.98</td><td>4.45</td></tr><tr><td></td><td>11..</td><td>4.06</td><td>4.46</td><td></td><td>20..</td><td>4.02</td><td>4.45</td><td></td><td>29..</td><td>3.98</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. 2/ One or more new long-term bonds added to the average. 3/ An existing bond dropped from the average (see footnote l). 4/ Market closed.
72
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series I
Monthly averages of daily figures. 2/See footnote 1 to Table I under "Average Yields of Long-Term Bonds."
Office of the Secretary of the Treasury
F-220-M-6
AVERAGE YIELDS OF LONG-TERM BONDS
November 1961
73
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>Individual income tax not withheld 2/</th><th>Individual income tax withheld 2/</th><th>Old-age and disability insurance 3/</th><th>Railroad retirement</th><th>Unemployment insurance</th></tr><tr><td>1954</td><td>70,299,652</td><td>+364,672</td><td>69,934,080</td><td>21,546,322</td><td>37,921,314</td><td>10,736,578</td><td>22,077,113</td><td>4,218,520</td><td>605,221</td><td>283,882</td></tr><tr><td>1955</td><td>66,288,692</td><td>-</td><td>66,288,692</td><td>18,264,720</td><td>37,869,770</td><td>10,390,480</td><td>21,253,625</td><td>5,339,573</td><td>600,106</td><td>27,748</td></tr><tr><td>1956</td><td>75,109,083</td><td>-3,566 2/</td><td>75,112,649</td><td>21,298,522</td><td>42,633,426</td><td>11,321,966</td><td>24,015,676</td><td>6,336,805</td><td>634,323</td><td>324,070</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>12,302,429</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>324,790</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>600,931</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>34,356</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>32,144</td><td>289,114</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>289,114</td><td>14,701</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>14,701</td><td>1,943</td></tr><tr><td>Apr.</td><td>6,623,896</td><td>-</td><td>6,623,896</td><td>492,776</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>2,293</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>1,094</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>1,094</td><td>710</td></tr><tr><td>July.</td><td>3,427,747</td><td>-</td><td>3,427,747</td><td>519,563</td><td>1,785,961</td><td>345,119</td><td>1,525,870</td><td>14,261</td><td>84,163</td><td>365</td></tr><tr><td>Aug.</td><td>8,373,396</td><td>-</td><td>8,373,396</td><td>382,280</td><td>6,635,584</td><td>160,611</td><td>6,389,944</td><td>84,163</td><td>365</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. 6/</th><th>Manufacturers' and retailers' 6/</th><th>Miscellaneous 6/</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>1,492,634</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>3,212,801</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="7">39,874</td><td rowspan="7">1,403,448</td><td rowspan="7">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></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>284,654</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></tr><tr><td>Aug.</td><td>158,216</td><td>1,197,316</td><td>291,600</td><td>196,209</td><td>905,519</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 depositary 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 1954.
74
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS Billions
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
8-165-R
November 1961
75
MONETARY STATISTICS
Table 1.- Money in Circulation
(In millions of dollars except per capita figures)
<table><tr><th>End of fiscal year or month</th><th>Total money in circulation 1/</th><th colspan="7">Paper money 2/</th></tr><tr><th></th><th></th><th>Total paper money</th><th>Gold certificates</th><th>Silver certificates</th><th>Treasury notes of 1890</th><th>United States notes</th><th>Federal Reserve notes</th><th>Federal Reserve Bank notes</th><th>National bank notes</th></tr><tr><td>1954</td><td>29,922</td><td>28,127</td><td>35</td><td>2,135</td><td>1</td><td>320</td><td>25,385</td><td>180</td><td>70</td></tr><tr><td>1955</td><td>30,229</td><td>28,372</td><td>34</td><td>2,170</td><td>1</td><td>319</td><td>25,618</td><td>163</td><td>67</td></tr><tr><td>1956</td><td>30,715</td><td>28,767</td><td>33</td><td>2,148</td><td>1</td><td>318</td><td>26,055</td><td>147</td><td>64</td></tr><tr><td>1957</td><td>31,082</td><td>29,040</td><td>33</td><td>2,162</td><td>1</td><td>321</td><td>26,329</td><td>133</td><td>62</td></tr><tr><td>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</td><td>91</td><td>54</td></tr><tr><td>August</td><td>32,609</td><td>30,118</td><td>30</td><td>2,075</td><td>1</td><td>315</td><td>27,553</td><td>90</td><td>54</td></tr><tr><td>September</td><td>32,658</td><td>30,152</td><td>30 4/</td><td>2,079 5/</td><td>1</td><td>314</td><td>27,584 6/</td><td>90</td><td>54</td></tr></table><table><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>176.59</td></tr><tr><td>August</td><td>2,491</td><td>335</td><td>1,563</td><td>593</td><td>177.04r</td></tr><tr><td>September</td><td>2,506</td><td>337</td><td>1,572</td><td>598</td><td>177.02</td></tr></table>
Sources: 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.
4/ Includes $30 million issued before July 1, 1929.
5/ 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 contemrning 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.
76
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>15.0</td></tr><tr><td>1955</td><td>21,677.6</td><td>3,922.4</td><td>15.3</td></tr><tr><td>1956</td><td>21,799.1</td><td>3,994.5</td><td>15.5</td></tr><tr><td>1957</td><td>22,622.9</td><td>4,116.6</td><td>15.4</td></tr><tr><td>1958</td><td>21,356.2</td><td>4,306.0</td><td>16.8</td></tr><tr><td>1959</td><td>19,704.6</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>20.0</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>4,343.8</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><tr><td>September</td><td>17,376.0</td><td>4,331.5</td><td>20.0</td></tr></table>
Source: Circulation Statement of United States Money. For detail of silver monetary stock see Table 4.
Table 3.- Gold Assets and Liabilities of the Treasury
(in millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Gold assets 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>489.0</td></tr><tr><td>1955</td><td>21,690.4</td><td>21,199.1</td><td>491.2</td></tr><tr><td>1956</td><td>21,949.5</td><td>21,458.3</td><td>491.2</td></tr><tr><td>1957</td><td>22,781.0</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>17,665.6</td><td>101.0</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>17,261.0</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>17,389.9</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>148.2</td></tr><tr><td>August</td><td>17,451.1</td><td>17,342.6</td><td>108.4</td></tr><tr><td>September</td><td>17,376.0</td><td>17,254.7</td><td>121.3</td></tr></table>
Source: Circulation Statement of United States Money. Treasury gold stock; does not include gold in Exchange Stabilization Fund. See "International Financial Statistics," Table 1. Comprises (1) gold certificates held by the public and in Federal Reserve Banks; (2) gold certificate credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0 million against United States notes and Treasury notes of 1890. The United States payment of the $43.8 million increase in its gold subscription to the International Monetary Fund, authorized by the act approved June 17, 1959 (23 U.S.C. 286e) was made on June 23, 1959 (see "Budget Receipts and Expenditures," Table 3, footnote 10).
November 1961
77
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 colspan="2">Securing silver certificates 1/</th><th colspan="3">In Treasurer's account</th><th>Silver dollars 1/</th><th>Subdiary coin 3/</th></tr><tr><th></th><th>Silver bullion 2/</th><th>Silver dollars</th><th>Subsidiary coin 3/</th><th>Bullion for recoinage 4/</th><th>Bullion at cost</th><th></th><th></th><th></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><tr><td>September</td><td>2,252.3</td><td>137.9</td><td>6.5</td><td>-</td><td>39.3</td><td>349.6</td><td>1,619.9</td><td>4,331.5</td></tr></table>
Source: Circulation Statement of United States Money; Office of the Treasurer of the United States.
1/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government.
3/ Valued at $1.38+ per fine ounce.
4/ Valued at $1.38+ per fine ounce or 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.
78
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="5">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in Treasurer's account 3/</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></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Proclamation of Dec. 21, 1933</th><th>Acts of July 6, 1939, and July 31, 1946</th><th></th></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>226.2</td><td>34.5</td><td>16.8</td><td>-</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>302.7</td><td>34.7</td><td>36.0</td><td>-</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>366.7</td><td>34.7</td><td>58.0</td><td>-</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>457.7</td><td>34.7</td><td>74.9</td><td>-</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>530.7</td><td>34.7</td><td>87.3</td><td>4.2</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>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>49.4</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><tr><td>September p.</td><td>1,082.9</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>33.2</td></tr><tr><td>October p.</td><td>1,091.6</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>25.0</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. 2/ The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes. p Preliminary.
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar as of September 30, 1961p
<table><tr><th></th><th>Allocations of increment 1/</th><th>Charges against increment</th><th>Unexpended balance of increment</th></tr><tr><td>Exchange Stabilization Fund.</td><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td><td>-</td></tr><tr><td>Payments to Federal Reserve Banks for industrial loans 2/.</td><td>139,299,557.00</td><td>139,299,557.00</td><td>-</td></tr><tr><td>Philippine currency reserve.</td><td>23,862,751.00</td><td>23,862,751.00</td><td>-</td></tr><tr><td>Melting losses on gold coin.</td><td>2,175,121.93</td><td>1,857,771.96</td><td>$317,349.97</td></tr><tr><td>Retirement of national bank notes.</td><td>645,387,965.45</td><td>645,387,965.45</td><td>-</td></tr><tr><td>Unassigned.</td><td>8,781,946.28</td><td>-</td><td>8,781,946.28</td></tr><tr><td>Total increment.</td><td>2,819,507,341.66</td><td>2,810,408,045.41</td><td>9,099,296.25</td></tr></table>
Source: Bureau of Accounts.
1/ The authority, purpose, and amount through 1940 of these allocations are summarized in the 1940 Annual Report of the Secretary of the Treasury, pages 128-30.
2/ Pursuant to Public Law 85-699, approved August 21, 1958 (72 Stat. 698) the $111,753,246.03 unexpended balance of this allocation was converted into the Treasury as miscellaneous receipts; and the $27,546,310.97
which had been advanced to the Federal Reserve Banks under this allocation was repaid into a special fund from which it was appropriated to the Small Business Administration. Under Subsequent legislation (73 Stat. 209) the unused portion of this appropriation was rescinded and the balance, $23,653,582.01, was covered into the Treasury.
November 1961
79
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheets as of June 30, 1960, and June 30, 1961
<table><tr><th>Assets:</th><th>June 30, 1960</th><th>June 30, 1961</th></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the United States, checking accounts</td><td>$338,449.43</td><td>$745,020.70</td></tr><tr><td>Federal Reserve Bank of New York, special account</td><td>203,814,653.98</td><td>111,866,950.15</td></tr><tr><td>Disbursing officers' balances and advance accounts</td><td>3,093.91</td><td>-</td></tr><tr><td>Total cash</td><td>$204,156,197.32</td><td>$112,611,970.85</td></tr><tr><td>Special account of Secretary of the Treasury with Federal Reserve Bank of New York - gold</td><td>40,383,713.74</td><td>52,810,064.16</td></tr><tr><td>Foreign exchange due from foreign banks: 1/</td><td></td><td></td></tr><tr><td>Central Bank of Argentina</td><td>25,000,000.00</td><td>14,000,000.00</td></tr><tr><td>Bank of England</td><td>-</td><td>25,399,951.81</td></tr><tr><td>Deutsche Bundesbank</td><td>-</td><td>20,132,000.22</td></tr><tr><td>Swiss National Bank</td><td>-</td><td>64,999,028.28</td></tr><tr><td>Investments in U. S. Government securities</td><td>60,000,000.00</td><td>46,000,000.00</td></tr><tr><td>Accrued interest receivable</td><td>321,111.28</td><td>30,291.55</td></tr><tr><td>Accounts receivable</td><td>264,429.64</td><td>91,356.15</td></tr><tr><td>Unamortized premium on U. S. Government securities</td><td>15,670.52</td><td>1,943.28</td></tr><tr><td>Office equipment and fixtures</td><td>40,190.27</td><td>46,093.27</td></tr><tr><td>Less allowance for depreciation</td><td>21,867.42</td><td>25,610.34</td></tr><tr><td>Total assets</td><td>330,159,445.35</td><td>336,373,089.23</td></tr><tr><th>Liabilities and capital: 2/</th><th></th><th></th></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchers payable</td><td>11,232.62</td><td>162,719.11</td></tr><tr><td>Employees' payroll allotment account U. S. savings bonds</td><td>2,784.24</td><td>2,682.47</td></tr><tr><td>Miscellaneous</td><td>142,114.38</td><td>231,052.33</td></tr><tr><td>Total accounts payable</td><td>156,131.24</td><td>396,453.91</td></tr><tr><td>Unamortized discount on U. S. Government securities</td><td>31,038.10</td><td>9,605.58</td></tr><tr><td>Capital account</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Deduct - subscription to International Monetary Fund</td><td>1,800,000,000.00</td><td>1,800,000,000.00</td></tr><tr><td>Net income (see Table 4)</td><td>200,000,000.00</td><td>200,000,000.00</td></tr><tr><td></td><td>129,972,276.01</td><td>135,967,029.74</td></tr><tr><td>Total liabilities and capital</td><td>330,159,445.35</td><td>336,373,089.23</td></tr></table>
Note: Annual balance sheets for fiscal years 1934, through 1940 appear in the 1940 Annual Report of the Secretary of the Treasury and those for succeeding years appear in subsequent reports. Quarterly balance sheets beginning with that for December 31, 1938, have been published in the Treasury Bulletin.
1/ For foreign exchange future contracts, see Table 2. 2/ For contingent liabilities under outstanding stabilization agreements, see Table 3.
Table 2.- Foreign Exchange Transactions for Future Delivery, June 30,1961
<table><tr><th>Deutsche Bundesbank</th><th>Deutsche marks</th><th>Dollars</th></tr><tr><td>Account No. 1:</td><td></td><td></td></tr><tr><td>Foreign exchange sales contracted for future delivery:</td><td></td><td></td></tr><tr><td>Spot delivery</td><td>10,000,000.00</td><td>$2,513,750.00</td></tr><tr><td>Forward sales</td><td>24,000,000.00</td><td>23,762,000.00</td></tr><tr><td></td><td>104,000,000.00</td><td>26,275,750.00</td></tr><tr><td>Less deutsche marks on hand</td><td>79,928,844.60</td><td>20,132,000.22</td></tr><tr><td>Foreign exchange due on future deliveries</td><td>24,071,155.40</td><td>6,143,749.78</td></tr><tr><td>Account No. 2:</td><td></td><td></td></tr><tr><td>Foreign exchange sales contracted for future delivery - special</td><td>965,600,000.00</td><td>244,070,827.50</td></tr><tr><td>Foreign exchange purchased for future delivery - special</td><td>965,600,000.00</td><td>244,070,827.50</td></tr></table>
80
Treasury Bulletin
EXCHANGE STABILIZATION FUND
Table 3.- Current United States Stabilization Agreements, June 30, 1961
<table><tr><th>Country</th><th>Amount</th></tr><tr><td>Argentina:<br>Original agreement dated January 1, 1959.<br>Renewed January 1, 1961; expires December 31, 1961.<br>$25,000,000 advanced under original agreement, of which $11,000,000 has been repaid.</td><td>$50,000,000</td></tr><tr><td>Chile:<br>Original agreement dated February 10, 1961.<br>Expires February 9, 1962; no advances made.</td><td>15,000,000</td></tr><tr><td>Brazil:<br>Original agreement dated May 16, 1961.<br>Expires May 15, 1963; no advances made.</td><td>70,000,000</td></tr><tr><td>Mexico:<br>Original agreement dated January 1, 1958.<br>Renewed January 1, 1960; expires December 31, 1961; no advances made.</td><td>75,000,000</td></tr></table>
Table 4.- Income and Expense
<table><tr><th>Classification</th><th>January 31, 1934, through June 30, 1960</th><th>January 31, 1934, through June 30, 1961</th></tr><tr><td>Income:</td><td></td><td></td></tr><tr><td>Profits on British sterling transactions</td><td>$310,638.09</td><td>$310,638.09</td></tr><tr><td>Profits on French franc transactions</td><td>351,527.60</td><td>351,527.60</td></tr><tr><td>Profits on gold bullion (including profits from handling charges on gold)</td><td>70,630,725.75</td><td>76,876,717.99</td></tr><tr><td>Profits on other gold and exchange transactions</td><td>51,474,262.57</td><td>51,776,574.21</td></tr><tr><td>Profits on silver transactions</td><td>102,735.27</td><td>102,735.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalized)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments</td><td>2,478,947.81</td><td>2,554,630,63</td></tr><tr><td>Interest on investments</td><td>20,338,595.82</td><td>21,709,798.70</td></tr><tr><td>Miscellaneous profits</td><td>867,754.27</td><td>1,034,901.27</td></tr><tr><td>Interest earned on foreign balances</td><td>3,359,502.16</td><td>4,179,817.45</td></tr><tr><td>Interest earned on Chinese yuan</td><td>1,975,317.07</td><td>1,975,317.07</td></tr><tr><td>Total income</td><td>155,363,368.70</td><td>164,346,020.57</td></tr><tr><td>Expense:</td><td></td><td></td></tr><tr><td>Personal services</td><td>19,575,567.18</td><td>21,591,018.59</td></tr><tr><td>Travel</td><td>1,028,483.56</td><td>1,185,379.47</td></tr><tr><td>Transportation of things</td><td>1,378,141.03</td><td>1,846,797.63</td></tr><tr><td>Communications</td><td>693,826.06</td><td>728,455.88</td></tr><tr><td>Supplies and materials</td><td>157,955.42</td><td>168,547.36</td></tr><tr><td>Other</td><td>2,557,119.44</td><td>2,858,791.90</td></tr><tr><td>Total expense</td><td>25,391,092.69</td><td>28,378,990.83</td></tr><tr><td>Net income</td><td>129,972,276.01</td><td>135,967,029.74</td></tr></table>
November 1961
81
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>19,456</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.</td><td>17,376</td><td>17,457</td><td>62</td></tr><tr><td>October p.</td><td>17,301</td><td>17,331</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.
82
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 colspan="3">Changes in liabilities to foreigners</th><th colspan="3">Changes in claims on foreigners</th></tr><tr><th></th><th></th><th>Total</th><th>Short-term banking funds</th><th>Transactions in domestic securities</th><th>Total</th><th>Short-term banking funds</th><th>Transactions in foreign securities</th></tr><tr><td>1935-41</td><td>5,253.2</td><td>3,661.3</td><td>3,034.6</td><td>626.7</td><td>1,591.9</td><td>736.3</td><td>855.5</td></tr><tr><td>1942</td><td>622.6</td><td>532.5</td><td>485.9</td><td>46.6</td><td>90.1</td><td>97.5</td><td>-7.4</td></tr><tr><td>1943</td><td>1,273.5</td><td>1,207.1</td><td>1,179.3</td><td>27.8</td><td>66.4</td><td>-11.3</td><td>77.7</td></tr><tr><td>1944</td><td>452.8</td><td>431.1</td><td>220.4</td><td>210.7</td><td>21.7</td><td>-71.8</td><td>93.5</td></tr><tr><td>1945</td><td>1,056.6</td><td>1,166.3</td><td>1,279.4</td><td>-113.1</td><td>-109.7</td><td>-63.1</td><td>-46.6</td></tr><tr><td>1946</td><td>-803.0</td><td>-752.6</td><td>-418.4</td><td>-334.2</td><td>-50.4</td><td>-315.5</td><td>265.1</td></tr><tr><td>1947</td><td>345.5</td><td>547.2</td><td>636.2</td><td>-89.1</td><td>-201.7</td><td>-240.7</td><td>39.0</td></tr><tr><td>1948</td><td>244.7</td><td>409.3</td><td>601.5</td><td>-192.2</td><td>-164.6</td><td>-69.8</td><td>-94.8</td></tr><tr><td>1949</td><td>193.8</td><td>-24.8</td><td>-100.0</td><td>75.2</td><td>218.6</td><td>190.8</td><td>27.8</td></tr><tr><td>1950</td><td>1,749.6</td><td>1,971.2</td><td>1,026.8</td><td>944.4</td><td>-221.6</td><td>-76.2</td><td>-145.4</td></tr><tr><td>1951</td><td>-374.3</td><td>73.1</td><td>657.4</td><td>-584.3</td><td>-447.5</td><td>-70.5</td><td>-377.0</td></tr><tr><td>1952</td><td>1,260.6</td><td>1,558.8</td><td>1,243.9</td><td>314.9</td><td>-298.2</td><td>-80.3</td><td>-217.9</td></tr><tr><td>1953</td><td>1,162.8</td><td>1,090.9</td><td>1,102.4</td><td>-11.5</td><td>72.0</td><td>144.2</td><td>-72.2</td></tr><tr><td>1954</td><td>637.1</td><td>1,419.5</td><td>1,270.2</td><td>149.3</td><td>-782.4</td><td>-482.0</td><td>-300.4</td></tr><tr><td>1955</td><td>1,175.0</td><td>1,367.3</td><td>682.1</td><td>685.2</td><td>-192.4</td><td>-162.0</td><td>-30.4</td></tr><tr><td>1956</td><td>586.5</td><td>1,494.7</td><td>1,338.4</td><td>156.4</td><td>-908.3</td><td>-397.2</td><td>-511.1</td></tr><tr><td>1957</td><td>-614.9</td><td>360.9</td><td>219.1</td><td>141.8</td><td>-975.8</td><td>-253.7</td><td>-722.1</td></tr><tr><td>1958</td><td>-707.1</td><td>998.1</td><td>1,000.8</td><td>-2.7</td><td>-1,705.2</td><td>-342.6</td><td>-1,362.5</td></tr><tr><td>1959</td><td>3,522.2</td><td>4,354.0</td><td>3,229.6</td><td>1,124.4</td><td>-831.8</td><td>-82.0</td><td>-749.7</td></tr><tr><td>1960</td><td>693.0r</td><td>2,315.9</td><td>1,937.4</td><td>378.4</td><td>-1,622.9r</td><td>-978.2r</td><td>-644.7</td></tr><tr><td>1961-January</td><td>-439.6r</td><td>-403.0</td><td>-410.3</td><td>7.3</td><td>-36.6r</td><td>5.6r</td><td>-42.2</td></tr><tr><td>February</td><td>-1.3r</td><td>124.1r</td><td>-146.5r</td><td>270.6</td><td>-124.4r</td><td>-71.6r</td><td>-52.8</td></tr><tr><td>March</td><td>-16.9r</td><td>338.3r</td><td>320.3r</td><td>18.0</td><td>-355.2r</td><td>-274.2r</td><td>-81.0</td></tr><tr><td>April</td><td>-474.1r</td><td>-202.4r</td><td>-232.1r</td><td>29.6r</td><td>-271.7r</td><td>-172.0r</td><td>-99.7</td></tr><tr><td>May</td><td>137.0r</td><td>206.4r</td><td>212.0r</td><td>-5.6r</td><td>-69.4r</td><td>34.2r</td><td>-103.6r</td></tr><tr><td>June</td><td>408.0r</td><td>415.5</td><td>422.0</td><td>-6.5</td><td>-7.5r</td><td>38.6r</td><td>-46.2</td></tr><tr><td>July</td><td>137.2</td><td>288.4</td><td>264.7</td><td>23.7</td><td>-151.2</td><td>-64.9</td><td>-86.4</td></tr><tr><td>August p.</td><td>44.7</td><td>27.3</td><td>-128.4</td><td>155.7</td><td>17.4</td><td>28.6</td><td>-11.1</td></tr><tr><td>September p.</td><td>243.5</td><td>312.0</td><td>315.3</td><td>-3.3</td><td>-63.5</td><td>-46.2</td><td>-22.2</td></tr></table>
P Preliminary.
November 1961
3
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="5">Short-term liabilities to foreigners</th><th colspan="4">Short-term claims on foreigners</th></tr><tr><th>Total</th><th>Foreign official</th><th>Other foreign</th><th>Inter-national</th><th>Payable in foreign currencies</th><th>Total</th><th>Payable in dollars Loans to foreign banks</th><th>Other</th><th>Payable in foreign currencies</th></tr><tr><td>1942</td><td>4,205.4</td><td>2,244.4</td><td>1,947.1</td><td>-</td><td>13.9</td><td>246.7</td><td>72.0</td><td>143.7</td><td>30.9</td></tr><tr><td>1943</td><td>5,374.9</td><td>3,320.3</td><td>2,036.7</td><td>-</td><td>17.9</td><td>257.9</td><td>86.4</td><td>137.2</td><td>34.4</td></tr><tr><td>1944</td><td>5,596.8</td><td>3,335.2</td><td>2,239.9</td><td>-</td><td>21.6</td><td>329.7</td><td>105.4</td><td>169.7</td><td>54.6</td></tr><tr><td>1945</td><td>6,883.1</td><td>4,179.3</td><td>2,678.2</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/</td><td>5,392.8 1/</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/</td><td>5,665.3 1/</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>3,602.2r</td><td>524.3</td><td>2,598.3r</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>3,596.6r</td><td>517.9</td><td>2,608.1r</td><td>470.5</td></tr><tr><td>February</td><td>20,769.3r</td><td>10,095.5</td><td>6,744.8r</td><td>3,817.3</td><td>111.7</td><td>3,668.2r</td><td>499.1</td><td>2,743.3r</td><td>425.8</td></tr><tr><td>March</td><td>21,089.6r</td><td>10,308.9r</td><td>6,792.4r</td><td>3,877.1</td><td>111.3</td><td>3,942.4r</td><td>533.1</td><td>2,913.0r</td><td>496.2</td></tr><tr><td>April</td><td>20,857.6r</td><td>9,895.8r</td><td>6,933.4</td><td>3,917.5</td><td>110.9</td><td>4,114.4r</td><td>584.7</td><td>2,998.9r</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>4,080.2r</td><td>599.3r</td><td>2,973.5r</td><td>507.3r</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</td><td>21,756.3</td><td>10,096.0</td><td>7,531.5</td><td>3,983.3</td><td>145.5</td><td>4,106.4</td><td>634.8</td><td>3,059.7</td><td>411.9</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>412.5</td></tr><tr><td>September p...</td><td>21,943.1</td><td>10,929.2</td><td>7,472.2</td><td>3,434.3</td><td>107.4</td><td>4,124.1</td><td>607.4</td><td>3,071.2</td><td>445.5</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.
r Revised.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">U. S. Government bonds and notes 1/</th><th colspan="6">Corporate and other</th><th rowspan="2">Total purchases</th><th rowspan="2">Total sales</th><th rowspan="2">Net purchases of domestic securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Bonds 2/ Purchases</th><th>Sales</th><th>Net purchases</th><th>Stocks Purchases</th><th>Sales</th><th>Net purchases</th></tr><tr><td>1935-41......</td><td>396.8 3/</td><td>492.4 3/</td><td>-95.7 3/</td><td>2/</td><td>2/</td><td>2/</td><td>430.2 3/</td><td>841.6 3/</td><td>-411.4 3/</td><td>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>224.0</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>584.2</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>100.8r</td><td>-10.2r</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>409.0r</td><td>29.6r</td></tr><tr><td>May.....</td><td>155.5</td><td>205.7r</td><td>-50.2r</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>505.2r</td><td>-5.6r</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....</td><td>169.5</td><td>127.8</td><td>41.7</td><td>26.3</td><td>38.9</td><td>-12.6</td><td>167.2</td><td>172.6</td><td>-5.4</td><td>363.0</td><td>339.3</td><td>23.7</td></tr><tr><td>Aug 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><tr><td>Sept p..</td><td>22.3</td><td>25.9</td><td>-3.6</td><td>15.2</td><td>29.9</td><td>-14.8</td><td>200.8</td><td>185.7</td><td>15.1</td><td>238.2</td><td>241.5</td><td>-3.3</td></tr></table>
1/ Through 1949 includes transactions in corporate bonds. 2/ Through 1949 included with transactions in U. S. Government bonds and notes.
3/ January 4, 1940, through December 31, 1941; the breakdown between stocks and bonds is not available for earlier years. p Preliminary. r Revised.
g4
Treasury Bulletin
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">Foreign bonds</th><th colspan="3">Foreign stocks</th><th>Total purchases</th><th>Total sales</th><th>Net purchases of foreign securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1935-41</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.s.</td><td>4,008.2</td><td>3,152.6</td><td>855.5</td></tr><tr><td>1942</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>220.5</td><td>227.9</td><td>-7.4</td></tr><tr><td>1943</td><td>446.4</td><td>372.2</td><td>74.2</td><td>23.3</td><td>19.8</td><td>3.5</td><td>469.6</td><td>391.9</td><td>77.7</td></tr><tr><td>1944</td><td>314.3</td><td>225.3</td><td>89.0</td><td>26.6</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>42.6</td><td>14.6</td><td>715.9</td><td>676.8</td><td>39.0</td></tr><tr><td>1948</td><td>211.6</td><td>291.4</td><td>-79.8</td><td>81.7</td><td>96.7</td><td>-15.0</td><td>293.3</td><td>388.2</td><td>-94.8</td></tr><tr><td>1949</td><td>321.2</td><td>311.5</td><td>9.8</td><td>88.8</td><td>70.8</td><td>18.0</td><td>410.1</td><td>382.3</td><td>27.8</td></tr><tr><td>1950</td><td>589.2</td><td>710.2</td><td>-121.0</td><td>173.8</td><td>198.2</td><td>-24.4</td><td>763.0</td><td>908.4</td><td>-145.4</td></tr><tr><td>1951</td><td>500.4</td><td>801.0</td><td>-300.6</td><td>272.3</td><td>348.7</td><td>-76.4</td><td>772.7</td><td>1,149.7</td><td>-377.0</td></tr><tr><td>1952</td><td>495.3</td><td>677.4</td><td>-182.1</td><td>293.9</td><td>329.6</td><td>-35.8</td><td>789.1</td><td>1,007.0</td><td>-217.9</td></tr><tr><td>1953</td><td>542.5</td><td>621.5</td><td>-79.0</td><td>310.1</td><td>303.4</td><td>6.8</td><td>852.7</td><td>924.9</td><td>-72.2</td></tr><tr><td>1954</td><td>792.4</td><td>811.3</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>321.5</td><td>-385.0</td><td>74.9.2</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>-336.4</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>1,457.6</td><td>-512.0</td><td>566.1</td><td>803.8</td><td>-237.7</td><td>1,511.7</td><td>2,261.5</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>123.5</td><td>-64.8</td><td>56.9</td><td>95.6</td><td>-38.7</td><td>115.6</td><td>219.1r</td><td>-103.6r</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</td><td>50.2</td><td>116.6</td><td>-66.4</td><td>35.2</td><td>55.1</td><td>-19.9</td><td>85.4</td><td>171.7</td><td>-86.4</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><tr><td>September p.</td><td>222.6</td><td>227.9</td><td>-5.3</td><td>41.2</td><td>58.1</td><td>-16.9</td><td>263.8</td><td>286.0</td><td>-22.2</td></tr></table>
n.s. Not available. p Preliminary. r Revised.
November 1961
85
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>March</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>348.9</td><td>411.2</td><td>331.4</td><td>243.1</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><td>226.1</td></tr><tr><td>Belgium</td><td>130.2</td><td>115.1</td><td>138.1</td><td>142.0r</td><td>146.7r</td><td>183.2r</td><td>219.7</td><td>233.2</td><td>310.1</td><td>300.1</td><td>312.5</td></tr><tr><td>Czechoslovakia</td><td>.7</td><td>.6</td><td>.7</td><td>1.0</td><td>1.1</td><td>1.1</td><td>1.0</td><td>.9</td><td>1.0</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>57.9</td><td>57.2</td><td>47.4</td><td>50.1</td><td>35.6</td><td>38.3</td><td>48.2</td></tr><tr><td>Finland</td><td>64.5</td><td>68.8</td><td>70.9</td><td>46.0</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><td>88.7</td></tr><tr><td>France</td><td>353.7</td><td>532.1</td><td>655.3</td><td>519.0</td><td>591.3r</td><td>632.8</td><td>722.9</td><td>842.1</td><td>1,011.6</td><td>871.4</td><td>889.4</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>3,510.2</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><td>2,756.2</td></tr><tr><td>Greece</td><td>153.5</td><td>126.3</td><td>186.3</td><td>63.1</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><td>43.1</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>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><td>1,111.4</td></tr><tr><td>Netherlands</td><td>202.5</td><td>338.7</td><td>485.2</td><td>328.5</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><td>223.2</td></tr><tr><td>Norway</td><td>93.4</td><td>129.6</td><td>95.5</td><td>81.2</td><td>82.8</td><td>83.5</td><td>97.5</td><td>100.9</td><td>100.7</td><td>104.6</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>5.8</td><td>4.9</td><td>7.6</td><td>6.1</td><td>7.1</td><td>8.3</td><td>6.8</td></tr><tr><td>Portugal</td><td>142.1</td><td>163.0</td><td>137.5</td><td>83.6</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><td>85.9</td></tr><tr><td>Rumania</td><td>.8</td><td>.9</td><td>.9</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><td>.9</td></tr><tr><td>Spain</td><td>24.3</td><td>36.2</td><td>86.1</td><td>148.5</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><td>128.4</td></tr><tr><td>Sweden</td><td>260.3</td><td>303.4</td><td>212.5</td><td>226.6</td><td>267.7</td><td>282.1</td><td>338.5</td><td>404.0</td><td>422.9</td><td>387.4</td><td>386.2</td></tr><tr><td>Switzerland</td><td>967.0</td><td>851.9</td><td>969.3</td><td>678.2</td><td>556.4</td><td>538.1</td><td>522.5</td><td>578.9</td><td>551.9</td><td>661.1</td><td>705.2</td></tr><tr><td>Turkey</td><td>18.3</td><td>20.1</td><td>30.7</td><td>18.4</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><td>18.8</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>5.8</td><td>5.8</td><td>6.1</td><td>9.0</td><td>6.8</td><td>6.2</td><td>6.9</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>1,754.1r</td><td>1,618.8</td><td>1,642.2</td><td>1,708.6</td><td>1,690.9</td><td>2,434.4</td><td>2,620.5</td></tr><tr><td>Yugoslavia</td><td>10.6</td><td>9.5</td><td>6.2</td><td>10.0</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><td>8.5</td></tr><tr><td>Other Europe</td><td>343.7</td><td>676.1</td><td>575.7</td><td>362.3r</td><td>298.0r</td><td>356.6r</td><td>376.4</td><td>396.6</td><td>365.7</td><td>365.0</td><td>416.8</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>8,875.6r</td><td>8,568.4</td><td>8,705.9</td><td>9,147.6</td><td>9,300.6</td><td>9,862.6</td><td>10,229.4</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>2,429.2r</td><td>2,436.8</td><td>2,620.2</td><td>2,658.8</td><td>2,712.3</td><td>2,707.7</td><td>2,647.5</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>136.8</td><td>149.8</td><td>336.8</td><td>315.0</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><td>252.5</td></tr><tr><td>Bolivia</td><td>26.3</td><td>22.2</td><td>24.4</td><td>23.1</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><td>22.7</td></tr><tr><td>Brazil</td><td>132.2</td><td>138.1</td><td>150.7</td><td>194.1</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><td>263.3</td></tr><tr><td>Chile</td><td>75.1</td><td>100.0</td><td>184.5</td><td>135.1</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><td>130.0</td></tr><tr><td>Colombia</td><td>152.9</td><td>168.8</td><td>216.8</td><td>158.3</td><td>160.3</td><td>149.5</td><td>132.3</td><td>119.2</td><td>150.0</td><td>133.9</td><td>136.7</td></tr><tr><td>Cuba</td><td>235.0</td><td>286.5</td><td>163.8</td><td>77.0</td><td>63.2</td><td>62.4</td><td>61.4</td><td>57.6</td><td>53.4</td><td>48.7</td><td>45.4</td></tr><tr><td>Dominican Republic</td><td>53.6</td><td>39.7</td><td>36.9</td><td>36.9</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><td>29.1</td></tr><tr><td>Guatemala</td><td>65.4</td><td>41.6</td><td>37.1</td><td>43.9</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><td>44.9</td></tr><tr><td>Mexico</td><td>386.3</td><td>418.2</td><td>442.4</td><td>397.3</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><td>413.2</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>76.8</td><td>84.2</td><td>82.5</td><td>89.9</td><td>87.0</td><td>81.4</td><td>87.0</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>94.5</td><td>88.8</td><td>79.8</td><td>77.7</td><td>77.3</td><td>77.8</td><td>79.0</td></tr><tr><td>Peru</td><td>59.9</td><td>77.1</td><td>82.2</td><td>72.2</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><td>75.6</td></tr><tr><td>El Salvador</td><td>27.2</td><td>26.2</td><td>28.0</td><td>24.3</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><td>25.9</td></tr><tr><td>Uruguay</td><td>55.1</td><td>82.4</td><td>61.5</td><td>51.3</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><td>48.9</td></tr><tr><td>Venezuela</td><td>835.3</td><td>494.1</td><td>276.9</td><td>398.2</td><td>493.6</td><td>458.2</td><td>454.2</td><td>428.1</td><td>438.6</td><td>366.6</td><td>447.9</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>260.4r</td><td>251.7r</td><td>255.0</td><td>259.3</td><td>264.1</td><td>249.8</td><td>254.1</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>2,372.3r</td><td>2,343.6r</td><td>2,294.4</td><td>2,216.1</td><td>2,307.1</td><td>2,274.2</td><td>2,357.1</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>36.3</td><td>36.0</td><td>35.8</td><td>34.8</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><td>34.8</td></tr><tr><td>Hong Kong</td><td>69.7</td><td>61.6</td><td>60.0</td><td>57.3</td><td>52.7</td><td>51.3</td><td>50.5</td><td>51.8</td><td>52.5</td><td>53.1</td><td>54.7</td></tr><tr><td>India</td><td>82.4</td><td>77.3</td><td>114.3</td><td>53.9</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><td>85.5</td></tr><tr><td>Indonesia</td><td>150.7</td><td>108.4</td><td>138.6</td><td>178.2</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><td>76.6</td></tr><tr><td>Iran</td><td>55.3</td><td>42.7</td><td>46.6</td><td>22.4</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><td>37.4</td></tr><tr><td>Israel</td><td>52.2</td><td>55.9</td><td>86.5</td><td>74.7</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><td>62.4</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>2,026.9r</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><td>1,649.3</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>155.2</td><td>153.6</td><td>162.8</td><td>167.5</td><td>177.7</td><td>186.3</td><td>193.7</td></tr><tr><td>Philippines</td><td>174.5</td><td>176.3</td><td>171.5</td><td>202.8</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><td>152.1</td></tr><tr><td>Taiwan</td><td>85.8</td><td>98.7</td><td>96.1</td><td>83.7</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><td>90.1</td></tr><tr><td>Thailand</td><td>156.5</td><td>133.3</td><td>141.2</td><td>185.8</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><td>239.6</td></tr><tr><td>Other Asia</td><td>380.2</td><td>334.6</td><td>458.3</td><td>179.5</td><td>179.0</td><td>180.7</td><td>208.5</td><td>202.4</td><td>223.2</td><td>232.6</td><td>224.0</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>3,187.2r</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><td>2,900.0</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>84.8</td><td>78.9</td><td>110.5</td><td>88.1</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><td>86.3</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>31.1</td><td>31.5</td><td>22.3</td><td>29.6</td><td>29.5</td><td>27.4</td><td>42.0</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>21.2</td><td>20.6</td><td>21.6</td><td>16.2</td><td>16.0</td><td>21.1</td><td>14.7</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>30.9</td><td>30.3</td><td>40.3</td><td>38.7</td><td>39.6</td><td>40.2</td><td>46.0</td></tr><tr><td>All other</td><td>153.0</td><td>124.9</td><td>162.1</td><td>181.1</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><td>184.8</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>348.2</td><td>393.0</td><td>352.2</td><td>366.9</td><td>362.1</td><td>348.5</td><td>374.8</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>3,877.1</td><td>3,917.5</td><td>3,919.8</td><td>3,969.6</td><td>3,983.3</td><td>3,40.1</td><td>3,43.3</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>21,089.6r</td><td>20,857.6r</td><td>21,069.5</td><td>21,491.6</td><td>21,756.3</td><td>21,627.8</td><td>21,941.1</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. r Revised.
86
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>March</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>6.4</td><td>7.1</td><td>4.3</td><td>2.3</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><td>2.5</td></tr><tr><td>Belgium</td><td>24.5</td><td>64.6</td><td>56.3</td><td>65.1</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><td>10.4</td></tr><tr><td>Czechoslovakia</td><td>.1</td><td>.7</td><td>1.2</td><td>1.4</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><td>1.6</td></tr><tr><td>Denmark</td><td>10.7</td><td>14.3</td><td>18.1</td><td>13.2</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><td>9.8</td></tr><tr><td>Finland</td><td>4.1</td><td>5.9</td><td>8.4</td><td>9.2</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><td>15.8</td></tr><tr><td>France</td><td>114.4</td><td>102.1</td><td>57.1</td><td>32.0</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><td>34.5</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>107.7</td><td>135.2</td><td>144.8</td><td>147.5</td><td>141.4</td><td>136.1</td><td>146.5</td></tr><tr><td>Greece</td><td>6.3</td><td>7.2</td><td>4.8</td><td>6.2</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><td>6.8</td></tr><tr><td>Italy</td><td>56.3</td><td>35.7</td><td>29.7</td><td>34.1</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><td>24.1</td></tr><tr><td>Netherlands</td><td>29.4</td><td>55.6</td><td>38.3</td><td>33.3</td><td>46.8</td><td>37.8r</td><td>42.0</td><td>45.3</td><td>47.0</td><td>42.6</td><td>45.0</td></tr><tr><td>Norway</td><td>23.4</td><td>22.2</td><td>7.1</td><td>17.0</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><td>13.3</td></tr><tr><td>Poland</td><td>3.6</td><td>3.5</td><td>3.7</td><td>6.1</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><td>6.0</td></tr><tr><td>Portugal</td><td>2.0</td><td>2.1</td><td>2.1</td><td>3.9</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><td>1.9</td></tr><tr><td>Rumania</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Spain</td><td>8.1</td><td>29.7</td><td>8.4</td><td>7.6</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><td>7.1</td></tr><tr><td>Sweden</td><td>10.2</td><td>24.0</td><td>18.6</td><td>27.9</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><td>14.8</td></tr><tr><td>Switzerland</td><td>34.5</td><td>42.4</td><td>38.4</td><td>59.5</td><td>74.2</td><td>69.7</td><td>65.3</td><td>63.9</td><td>64.3</td><td>58.4</td><td>66.7</td></tr><tr><td>Turkey</td><td>76.2</td><td>72.5</td><td>47.3</td><td>48.8</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><td>31.2</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>.1</td><td>-</td><td>*</td><td>.4</td><td>*</td><td>.4</td><td>3.1</td><td>.2</td><td>.2</td><td>.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>167.5</td><td>173.2</td><td>171.4</td><td>164.9</td><td>187.4</td><td>137.5</td><td>183.0</td></tr><tr><td>Yugoslavia</td><td>.2</td><td>.9</td><td>2.9</td><td>11.1</td><td>12.4</td><td>15.8</td><td>15.7</td><td>16.1</td><td>14.9</td><td>13.6</td><td>8.4</td></tr><tr><td>Other Europe</td><td>5.8</td><td>5.2</td><td>12.7</td><td>10.9</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><td>11.6</td></tr><tr><td>Total Europe</td><td>653.6</td><td>695.9</td><td>534.0</td><td>716.7</td><td>676.0</td><td>695.5r</td><td>693.4</td><td>686.9</td><td>683.6</td><td>586.9</td><td>651.0</td></tr><tr><td>Canada</td><td>154.1</td><td>242.5</td><td>272.3</td><td>409.1</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><td>455.6</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>28.3</td><td>39.8</td><td>59.6</td><td>120.8</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><td>161.5</td></tr><tr><td>Bolivia</td><td>3.2</td><td>3.1</td><td>4.0</td><td>3.9</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><td>5.2</td></tr><tr><td>Brazil</td><td>99.5</td><td>147.5</td><td>117.1</td><td>225.4</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><td>179.9</td></tr><tr><td>Chile</td><td>32.6</td><td>52.1</td><td>59.3</td><td>72.7</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><td>116.6</td></tr><tr><td>Colombia</td><td>103.2</td><td>50.6</td><td>67.9</td><td>80.4</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><td>89.6</td></tr><tr><td>Cuba</td><td>113.1</td><td>166.1</td><td>115.1</td><td>25.5</td><td>20.6</td><td>20.6</td><td>20.3</td><td>20.2</td><td>19.5</td><td>20.2</td><td>19.5</td></tr><tr><td>Dominican Republic</td><td>14.7</td><td>19.1</td><td>28.9</td><td>15.8</td><td>13.3</td><td>12.8</td><td>14.2</td><td>13.1</td><td>11.8</td><td>12.6</td><td>12.2</td></tr><tr><td>Guatemala</td><td>7.8</td><td>11.8</td><td>10.2</td><td>13.7</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><td>15.9</td></tr><tr><td>Mexico</td><td>231.0</td><td>293.0</td><td>290.8</td><td>343.4</td><td>305.9</td><td>322.8</td><td>321.5r</td><td>326.9</td><td>336.4</td><td>375.2</td><td>383.6</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>5.1</td><td>5.2</td><td>6.7</td><td>6.3</td><td>7.9</td><td>8.1</td><td>6.1</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>26.2</td><td>28.9</td><td>37.8</td><td>25.6</td><td>25.3</td><td>28.4</td><td>30.2</td></tr><tr><td>Peru</td><td>30.8</td><td>30.7</td><td>36.0</td><td>44.3</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><td>67.7</td></tr><tr><td>El Salvador</td><td>8.4</td><td>9.8</td><td>14.8</td><td>21.7</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><td>15.3</td></tr><tr><td>Uruguay</td><td>41.7</td><td>51.9</td><td>47.1</td><td>57.0</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><td>38.5</td></tr><tr><td>Venezuela</td><td>169.9</td><td>141.7</td><td>246.7</td><td>234.5</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><td>137.2</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>63.1</td><td>61.2</td><td>62.7</td><td>63.3</td><td>71.5</td><td>67.8</td><td>72.1</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>1,374.3</td><td>1,394.4</td><td>1,335.9r</td><td>1,243.2</td><td>1,245.0</td><td>1,295.3</td><td>1,351.0</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>2.5</td><td>2.5</td><td>2.5</td><td>1.7</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><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>10.1</td><td>10.5</td><td>9.8</td><td>9.4</td><td>9.2</td><td>9.9</td><td>10.4</td></tr><tr><td>India</td><td>5.6</td><td>4.1</td><td>5.8</td><td>9.2</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><td>8.3</td></tr><tr><td>Indonesia</td><td>.2</td><td>.2</td><td>.3</td><td>.2</td><td>.3</td><td>.4</td><td>.5</td><td>.3</td><td>.2</td><td>.2</td><td>.4</td></tr><tr><td>Iran</td><td>21.7</td><td>27.3</td><td>29.4</td><td>32.9</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><td>34.7</td></tr><tr><td>Iraq</td><td>23.6</td><td>23.3</td><td>14.3</td><td>23.9</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><td>30.6</td></tr><tr><td>Japan</td><td>145.6</td><td>178.6</td><td>323.7</td><td>805.9r</td><td>1,069.5r</td><td>1,159.2r</td><td>1,196.1</td><td>1,272.4</td><td>1,340.6</td><td>1,346.1</td><td>1,288.0</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>3.2</td><td>2.5</td><td>3.1</td><td>2.8</td><td>2.8</td><td>3.7</td><td>3.3</td></tr><tr><td>Philippines</td><td>52.9</td><td>66.8</td><td>23.9</td><td>18.6</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><td>38.4</td></tr><tr><td>Taiwan</td><td>5.7</td><td>6.1</td><td>9.0</td><td>7.3</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><td>10.1</td></tr><tr><td>Thailand</td><td>13.7</td><td>12.8</td><td>14.7</td><td>24.0</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><td>31.6</td></tr><tr><td>Other Asia</td><td>106.1</td><td>106.5</td><td>150.7</td><td>117.1</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><td>120.8</td></tr><tr><td>Total Asia</td><td>386.1</td><td>435.1</td><td>585.8</td><td>1,052.2r</td><td>1,349.5r</td><td>1,449.6r</td><td>1,497.3</td><td>1,598.2</td><td>1,674.3</td><td>1,637.1</td><td>1,578.2</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>12.7</td><td>12.8</td><td>17.6</td><td>27.6</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><td>26.7</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>4.0</td><td>4.2</td><td>3.4</td><td>3.3</td><td>3.5</td><td>3.5</td><td>3.5</td></tr><tr><td>Egyptian Region - U.A.R. 2/</td><td>1.0</td><td>2.5</td><td>2.0</td><td>3.2</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><td>12.8</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>12.7</td><td>13.1</td><td>12.5</td><td>14.8</td><td>24.3</td><td>24.2</td><td>19.1</td></tr><tr><td>All other</td><td>18.9</td><td>29.1</td><td>21.3</td><td>24.2</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><td>26.1</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>75.9</td><td>76.3</td><td>75.1</td><td>76.2</td><td>89.8</td><td>98.2</td><td>88.1</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>3,602.2r</td><td>3,942.4r</td><td>4,114.4r</td><td>4,080.2r</td><td>4,041.6</td><td>4,106.4</td><td>4,077.9</td><td>4,124.1</td></tr></table>
Excludes convertible currencies held by U. S. monetary authorit
2/ Formerly Belgian Congo.
Data on claims on the Syrian region - U.A.R. are not available separately, but are included in "Other Asia."
* Less than $50,000.
p Preliminary.
Rev 186
November 1961
87
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>March</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>-6</td><td>-1,018</td><td>70</td><td>-4</td><td>334</td><td>44</td><td>14</td><td>153</td><td>30</td><td>-35</td><td>87</td></tr><tr><td>Belgium</td><td>9,886</td><td>-4,795</td><td>5,897</td><td>4,661</td><td>2,084</td><td>-1,045</td><td>258r</td><td>-274</td><td>-1,664</td><td>-1,723</td><td>791</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>-76</td><td>-27</td><td>242</td><td>108</td><td>-719</td><td>-124</td><td>-143</td></tr><tr><td>Finland</td><td>-37</td><td>-4,476</td><td>200</td><td>-236</td><td>5</td><td>-</td><td>1,916</td><td>-1</td><td>-</td><td>-279</td><td>-</td></tr><tr><td>France</td><td>9,543</td><td>5,235</td><td>62,303</td><td>20,039</td><td>2,518</td><td>-298</td><td>4,385</td><td>-1,176</td><td>-604</td><td>-128</td><td>1,693</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>685</td><td>123</td><td>1,649</td><td>3,465</td><td>1,561</td><td>153</td><td>3,872</td></tr><tr><td>Greece</td><td>61</td><td>-5,715</td><td>276</td><td>-248</td><td>-58</td><td>-69</td><td>-94</td><td>135</td><td>-101</td><td>-87</td><td>-294</td></tr><tr><td>Italy</td><td>672</td><td>1,871</td><td>6,937</td><td>28,099</td><td>109</td><td>752</td><td>4,599</td><td>-1,761</td><td>-3,327</td><td>-260</td><td>50</td></tr><tr><td>Netherlands</td><td>39,416</td><td>-7,645</td><td>38,327</td><td>-3,348</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><td>1,916</td></tr><tr><td>Norway</td><td>19,046</td><td>18,303</td><td>24,196</td><td>1,156</td><td>7,599</td><td>-3,615</td><td>1,599</td><td>-11,210</td><td>2,351</td><td>851</td><td>-7,601</td></tr><tr><td>Poland</td><td>37</td><td>-26</td><td>-9</td><td>-2</td><td></td><td></td><td>-21</td><td>6</td><td></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>495</td><td>-18</td><td>1,106</td><td>478</td><td>605</td><td>1,080</td><td>56</td></tr><tr><td>Rumania</td><td>-14</td><td></td><td>-17</td><td>4</td><td></td><td></td><td></td><td>-1</td><td></td><td></td><td></td></tr><tr><td>Spain</td><td>-651</td><td>-2,249</td><td>-517</td><td>372</td><td>-575</td><td>-48</td><td>654</td><td>192</td><td>107</td><td>-174</td><td>462</td></tr><tr><td>Sweden</td><td>6,111</td><td>4,339</td><td>92,384</td><td>-23,252</td><td>859</td><td>-272</td><td>-754</td><td>-39,280</td><td>-197</td><td>19,989</td><td>334</td></tr><tr><td>Switzerland</td><td>98,302</td><td>-32,303</td><td>265,643</td><td>139,149</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><td>1,444</td></tr><tr><td>Turkey</td><td>79</td><td>36</td><td>391</td><td>145</td><td>26</td><td>-5</td><td>22</td><td>77</td><td>71</td><td>-29</td><td>24</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>-9,283</td><td>18,718r</td><td>-29,798</td><td>18,299</td><td>38,090</td><td>16,739</td><td>-2,943</td></tr><tr><td>Yugoslavia</td><td>-165</td><td>-26</td><td>-2</td><td>-13</td><td>1,508</td><td>800</td><td>1,770</td><td>863</td><td>420</td><td>271</td><td>2</td></tr><tr><td>Other Europe</td><td>23,161</td><td>-3,624</td><td>23,644</td><td>-5,230</td><td>1,508</td><td>800</td><td>1,770</td><td>863</td><td>420</td><td>271</td><td>-294</td></tr><tr><td>Total Europe</td><td>291,273</td><td>-40,197</td><td>745,282</td><td>198,182</td><td>19,633</td><td>39,552r</td><td>19,483r</td><td>-10,301</td><td>27,492</td><td>34,628</td><td>-544</td></tr><tr><td>Canada</td><td>-8,357</td><td>-202,213</td><td>80,696</td><td>-81,890</td><td>-554</td><td>-7,160</td><td>-27,988</td><td>-7,617</td><td>-14,925</td><td>-16,312</td><td>-10,196</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>1,255</td><td>281</td><td>3,385</td><td>-722</td><td>-454</td><td>-339</td><td>-465</td><td>200</td><td>4</td><td>-134</td><td>351</td></tr><tr><td>Bolivia</td><td>-448</td><td>-333</td><td>169</td><td>113</td><td>-12</td><td>33</td><td>-29</td><td>43</td><td>4</td><td>6</td><td>-11</td></tr><tr><td>Brazil</td><td>869</td><td>-623</td><td>2,147</td><td>2,594</td><td>183</td><td>675</td><td>1,403</td><td>1,210</td><td>570</td><td>-707</td><td>537</td></tr><tr><td>Chile</td><td>963</td><td>-2,601</td><td>-497</td><td>1,762</td><td>-59</td><td>48</td><td>-305</td><td>537</td><td>16</td><td>52</td><td>342</td></tr><tr><td>Colombia</td><td>1,292</td><td>410</td><td>1,094</td><td>62</td><td>-166</td><td>54</td><td>-34</td><td>191</td><td>-20</td><td>53</td><td>13</td></tr><tr><td>Cuba</td><td>-8,738</td><td>-68,517</td><td>-2,276</td><td>-43,437</td><td>399</td><td>-46</td><td>6</td><td>-130</td><td>208</td><td>25</td><td>32</td></tr><tr><td>Dominican Republic</td><td>-20</td><td>232</td><td>379</td><td>1,249</td><td>159</td><td>62</td><td>379</td><td>116</td><td>191</td><td>-15</td><td>88</td></tr><tr><td>Guatemala</td><td>408</td><td>1,656</td><td>292</td><td>941</td><td>-146</td><td>-1</td><td>47</td><td>87</td><td>125</td><td>235</td><td>23</td></tr><tr><td>Mexico</td><td>2,028</td><td>2,561</td><td>1,321</td><td>-990</td><td>260</td><td>-176</td><td>219</td><td>-905</td><td>437</td><td>2,039</td><td>982</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>-118</td><td>2,888</td><td>5,041</td><td>-42</td><td>1,000</td><td>-825</td><td>-570</td></tr><tr><td>Panama, Republic of</td><td>524</td><td>-726</td><td>2,912</td><td>2,948</td><td>-2,168</td><td>2,704</td><td>468</td><td>1,313</td><td>417</td><td>549</td><td>2,073</td></tr><tr><td>Peru</td><td>257</td><td>-879</td><td>1,449</td><td>533</td><td>176</td><td>526</td><td>-53</td><td>267</td><td>186</td><td>-207</td><td>147</td></tr><tr><td>El Salvador</td><td>124</td><td>-181</td><td>-256</td><td>-265</td><td>7</td><td>18</td><td>18</td><td>-4</td><td>2</td><td>-3</td><td>-</td></tr><tr><td>Uruguay</td><td>4,185</td><td>-2,533</td><td>9,514</td><td>-888</td><td>-101</td><td>271</td><td>1,788</td><td>704</td><td>-229</td><td>-782</td><td>53</td></tr><tr><td>Venezuela</td><td>1,483</td><td>-1,210</td><td>8,841</td><td>4,071</td><td>467</td><td>1,434</td><td>713</td><td>535</td><td>220</td><td>702</td><td>595</td></tr><tr><td>Other Latin America</td><td>125</td><td>917</td><td>-1,227</td><td>-506</td><td>3,381</td><td>19,701</td><td>95</td><td>8,727</td><td>35</td><td>21,656</td><td>565</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>1,808</td><td>27,852</td><td>9,291</td><td>12,839</td><td>3,166</td><td>22,644</td><td>5,220</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>219</td><td>-403</td><td>-2</td><td>43</td><td>-21</td><td>-31</td><td>-29</td><td>10</td><td>-17</td><td>28</td><td>6</td></tr><tr><td>Hong Kong</td><td>-2,335</td><td>4,231</td><td>18,454</td><td>9,791</td><td>5,390</td><td>6,691</td><td>2,495</td><td>-519</td><td>3,111</td><td>1,855</td><td>329</td></tr><tr><td>India</td><td>-453</td><td>-1,389</td><td>1,044</td><td>39,839</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><td>-36</td></tr><tr><td>Indonesia</td><td>85</td><td>58</td><td>1,156</td><td>-1,032</td><td>17</td><td>-9</td><td>10</td><td>39</td><td>29</td><td>25</td><td>-39</td></tr><tr><td>Iran</td><td>94</td><td>174</td><td>186</td><td>215</td><td>-98</td><td>-72</td><td>65</td><td>-35</td><td>40</td><td>7</td><td>1</td></tr><tr><td>Israel</td><td>-181</td><td>91</td><td>1,281</td><td>-74</td><td>107</td><td>-276</td><td>-29</td><td>107</td><td>47</td><td>-55</td><td>26</td></tr><tr><td>Japan</td><td>-1,694</td><td>-572</td><td>981</td><td>558</td><td>-94</td><td>-15</td><td>-61</td><td>59</td><td>33</td><td>17</td><td>-27</td></tr><tr><td>Korea, Republic of</td><td>2</td><td>-2</td><td>22</td><td>9</td><td>-6</td><td>-</td><td>14</td><td>15</td><td>18</td><td>-5</td><td>2</td></tr><tr><td>Philippines</td><td>-756</td><td>-1,993</td><td>505</td><td>-1,347</td><td>252</td><td>-109</td><td>83</td><td>24</td><td>92</td><td>-14</td><td>201</td></tr><tr><td>Taiwan</td><td>-493</td><td>-1,091</td><td>-1,357</td><td>-1,504</td><td>-112</td><td>-30</td><td>78</td><td>-65</td><td>5</td><td>-56</td><td>-201</td></tr><tr><td>Thailand</td><td>545</td><td>58</td><td>-369</td><td>99</td><td>23</td><td>4</td><td>-22</td><td>53</td><td>13</td><td>-</td><td>49</td></tr><tr><td>Other Asia</td><td>9,577</td><td>3,542</td><td>23,832</td><td>536</td><td>568</td><td>798</td><td>666</td><td>565</td><td>357</td><td>15</td><td>368</td></tr><tr><td>Total Asia</td><td>4,610</td><td>2,704</td><td>45,733</td><td>47,133</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><td>679</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>-174</td><td>150</td><td>-323</td><td>-648</td><td>-10</td><td>153</td><td>1</td><td>-23</td><td>48</td><td>26</td><td>-97</td></tr><tr><td>Congo, Republic of the 1/</td><td>60</td><td>-48</td><td>45</td><td>62</td><td>1</td><td>-</td><td>4</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R. 2/</td><td>77</td><td>105</td><td>42</td><td>-191</td><td>12</td><td>-3</td><td>1</td><td>6</td><td>-15</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>441</td><td>129</td><td>187</td><td>769</td><td>-11</td><td>-36</td><td>15</td><td>33</td><td>3</td><td>-2</td><td>-59</td></tr><tr><td>All other</td><td>3,149</td><td>-786</td><td>13,881</td><td>-13,331</td><td>-39</td><td>435</td><td>-809</td><td>352</td><td>93</td><td>-11</td><td>451</td></tr><tr><td>Total other countries</td><td>3,553</td><td>-450</td><td>18,834</td><td>-13,339</td><td>-47</td><td>549</td><td>-788</td><td>371</td><td>129</td><td>13</td><td>295</td></tr><tr><td>International</td><td>-157,420</td><td>283,453</td><td>187,023</td><td>238,440</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><td>1,218</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>18,008</td><td>29,645r</td><td>-5,555r</td><td>-6,501</td><td>23,712</td><td>155,697</td><td>-1,328</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. r Reviad.
88
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigner
(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>March</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August p</th><th>September 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>1,909</td><td>-</td><td>15</td><td>-2</td><td>9</td><td>94</td><td>1,501</td></tr><tr><td>Belgium</td><td>602</td><td>21,299</td><td>7,500</td><td>14,385</td><td>-1,108</td><td>-637</td><td>442r</td><td>541</td><td>456</td><td>-1,110</td><td>-1,182</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-587</td><td>-</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>-4,997</td><td>-2,820</td><td>339</td><td>8</td><td>-21</td><td>121</td><td>-22</td></tr><tr><td>Finland</td><td>288</td><td>5,102</td><td>5,021</td><td>3,282</td><td>77</td><td>-411</td><td>2</td><td>-</td><td>-</td><td>-</td><td>865</td></tr><tr><td>France</td><td>17,602</td><td>18,912</td><td>-93,465</td><td>10,325</td><td>-5,192</td><td>-1,514</td><td>-3,790</td><td>-12,093</td><td>-923</td><td>-1,394</td><td>-1,731</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>-2,134</td><td>-3,836</td><td>-2,561</td><td>-1,167</td><td>10,357</td><td>-479</td><td>-10,151</td></tr><tr><td>Greece</td><td>885</td><td>-912</td><td>-552</td><td>-1,564</td><td>-3</td><td>-103</td><td>-1</td><td>3</td><td>-44</td><td>-96</td><td>-269</td></tr><tr><td>Italy</td><td>4,585</td><td>7,345</td><td>-35,375</td><td>26,968</td><td>29</td><td>-103</td><td>-682</td><td>1,595</td><td>-1,044</td><td>81</td><td>3,357</td></tr><tr><td>Netherlands</td><td>-8,641</td><td>-234,089</td><td>-32,383</td><td>-87,643</td><td>-7,882</td><td>-2,418</td><td>-3,539</td><td>2,297</td><td>-3,336</td><td>-3,296</td><td>-2,498</td></tr><tr><td>Norway</td><td>9,065</td><td>-16,325</td><td>1,449</td><td>-6,819</td><td>2,434</td><td>1,768</td><td>-15,962</td><td>1,845</td><td>1,687</td><td>694</td><td>2,530</td></tr><tr><td>Poland</td><td>-4</td><td>-7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-11</td><td>-</td></tr><tr><td>Portugal</td><td>358</td><td>3,513</td><td>407</td><td>414</td><td>17</td><td>178</td><td>62</td><td>-7</td><td>-17</td><td>-51</td><td>154</td></tr><tr><td>Romania</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>-624</td><td>-243</td><td>-57</td><td>-48</td><td>-257</td><td>-812</td><td>2,733</td></tr><tr><td>Sweden</td><td>519</td><td>691</td><td>-10,643</td><td>5,271</td><td>-518</td><td>6</td><td>-630</td><td>-363</td><td>-260</td><td>-152</td><td>232</td></tr><tr><td>Switzerland</td><td>27,904</td><td>92,200</td><td>51,384</td><td>-5,871</td><td>-7,218</td><td>-2,503</td><td>344</td><td>-1,607</td><td>208</td><td>-2,028</td><td>-3,661</td></tr><tr><td>Turkey</td><td>17</td><td>-16</td><td>336</td><td>102</td><td>2</td><td>13</td><td>-22</td><td>3</td><td>2</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></tr><tr><td>United Kingdom</td><td>3,909</td><td>-27,801</td><td>17,726</td><td>-1,384</td><td>3,365</td><td>670</td><td>-1,675</td><td>-2,463</td><td>511</td><td>-1,604</td><td>-1,794</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>-500</td></tr><tr><td>Other Europe</td><td>-35,745</td><td>-26,268</td><td>5,348</td><td>-35,339</td><td>-1,692</td><td>3,296</td><td>1,774</td><td>-5,019</td><td>4,571</td><td>7</td><td>4,118</td></tr><tr><td>Total Europe</td><td>231,066</td><td>-72,072</td><td>-49,714</td><td>-117,320</td><td>-23,535</td><td>-8,554</td><td>-25,941r</td><td>-17,063</td><td>11,899</td><td>-10,216</td><td>-5,118</td></tr><tr><td>Canada</td><td>-552,27</td><td>-543,274</td><td>-443,009</td><td>-195,849</td><td>-42,150</td><td>-55,097</td><td>-49,731</td><td>-23,475</td><td>-66,298</td><td>-5,309</td><td>5,640</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>-136</td><td>132</td><td>15</td><td>-315</td><td>-154</td><td>-148</td><td>3,80x</td></tr><tr><td>Bolivia</td><td>292</td><td>69</td><td>24</td><td>47</td><td>6</td><td>-10</td><td>2</td><td>-</td><td>-</td><td>-35</td><td>180</td></tr><tr><td>Brazil</td><td>8,697</td><td>4,979</td><td>7,804</td><td>5,864</td><td>178</td><td>649</td><td>-2,194</td><td>3,235</td><td>689</td><td>362</td><td>-235</td></tr><tr><td>Chile</td><td>913</td><td>812</td><td>2,291</td><td>631</td><td>177</td><td>163</td><td>74</td><td>-144</td><td>195</td><td>203</td><td>175</td></tr><tr><td>Colombia</td><td>3,339</td><td>2,421</td><td>2,437</td><td>4,168</td><td>-3</td><td>16</td><td>-963</td><td>699</td><td>184</td><td>52</td><td>-1,104</td></tr><tr><td>Cuba</td><td>806</td><td>-152</td><td>-588</td><td>-5,551</td><td>73</td><td>33</td><td>3</td><td>-5</td><td>-14</td><td>-</td><td>1</td></tr><tr><td>Dominican Republic</td><td>-350</td><td>-80</td><td>12</td><td>614</td><td>124</td><td>76</td><td>16</td><td>-</td><td>-</td><td>41</td><td>5</td></tr><tr><td>Guatemala</td><td>-14</td><td>-60</td><td>21</td><td>2</td><td>5</td><td>-</td><td>-1</td><td>9</td><td>4</td><td>11</td><td>10</td></tr><tr><td>Mexico</td><td>13,488</td><td>17,060</td><td>507</td><td>-53,597</td><td>183</td><td>214</td><td>-673</td><td>-43</td><td>325</td><td>285</td><td>5,924</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>776</td><td>784</td><td>42</td><td>549</td><td>-356</td><td>-141</td><td>-2,894</td></tr><tr><td>Panama, Republic of</td><td>106</td><td>-13,669</td><td>-3,599</td><td>-34,435</td><td>-165</td><td>146</td><td>1,647</td><td>-454</td><td>-317</td><td>-233</td><td>4</td></tr><tr><td>Peru</td><td>-2,310</td><td>-443</td><td>-134</td><td>-1,760</td><td>-17</td><td>-41</td><td>-138</td><td>19</td><td>102</td><td>55</td><td>157</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>-512</td><td>-80</td><td>-618</td><td>-813</td><td>-199</td><td>-290</td><td>-17</td></tr><tr><td>Venezuela</td><td>-8,045</td><td>253</td><td>1,321</td><td>688</td><td>152</td><td>309</td><td>-656</td><td>-210</td><td>-14</td><td>147</td><td>-2,692</td></tr><tr><td>Other Latin America</td><td>95</td><td>-10,266</td><td>-4,905</td><td>-26,634</td><td>-1,214</td><td>-22,479</td><td>-2,100</td><td>595</td><td>56</td><td>272</td><td>-926</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>-373</td><td>-20,088</td><td>-5,544</td><td>3,122</td><td>501</td><td>581</td><td>2,394</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>-68</td><td>-149</td><td>70</td><td>-118</td><td>-627</td><td>51</td><td>-361</td></tr><tr><td>India</td><td>-</td><td>-50</td><td>151</td><td>-15</td><td>-1</td><td>1</td><td>-4</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Indonesia</td><td>72</td><td>42</td><td>24</td><td>26</td><td>-</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>-6</td><td>-3</td><td>-6</td><td>3</td><td>-</td><td>-</td><td>-1,957</td></tr><tr><td>Israel</td><td>-50,564</td><td>-46,677</td><td>-50,536</td><td>-48,113</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><td>-1,126</td></tr><tr><td>Japan</td><td>677</td><td>598</td><td>-32,736</td><td>763</td><td>-5,538</td><td>-15,165</td><td>-18,935</td><td>15,958</td><td>-885</td><td>-397</td><td>-1,814</td></tr><tr><td>Korea, Republic of</td><td>10</td><td>-693</td><td>1,782</td><td>1,879</td><td>-3</td><td>14</td><td>16</td><td>9</td><td>13</td><td>33</td><td>-7</td></tr><tr><td>Philippines</td><td>659</td><td>-52</td><td>-370</td><td>-3</td><td>1</td><td>-</td><td>-</td><td>-453</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Taiwan</td><td>-25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>-525</td><td>-185</td><td>-955</td><td>553</td><td>-43</td><td>-10</td><td>1</td><td>33</td><td>3</td><td>22</td><td>350</td></tr><tr><td>Other Asia</td><td>-9,874</td><td>-27,167</td><td>-29,326</td><td>4,939</td><td>-</td><td>-</td><td>-6</td><td>33</td><td>16</td><td>-1,779</td><td>-</td></tr><tr><td>Total Asia</td><td>-45,188</td><td>-44,843</td><td>-96,654</td><td>-40,627</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><td>-6,601</td></tr><tr><td colspan="12">Other countries:</td></tr><tr><td>Australia</td><td>6,051</td><td>-44,434</td><td>-18,166</td><td>-43,094</td><td>-1,118</td><td>-358</td><td>-780</td><td>-2,056</td><td>-25,517</td><td>462</td><td>-4,521</td></tr><tr><td>Congo, Republic of the</td><td>283</td><td>-16,099</td><td>-6</td><td>-16</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R.</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>-428</td><td>339</td><td>-402</td><td>-799</td><td>-4,441</td><td>-13</td><td>282</td></tr><tr><td>All other</td><td>1,221</td><td>-22,175</td><td>-5,554</td><td>-1,869</td><td>-20</td><td>4</td><td>2</td><td>260</td><td>52</td><td>60</td><td>-18,060</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>-1,560</td><td>-15</td><td>-1,180</td><td>-2,595</td><td>-29,905</td><td>512</td><td>-22,293</td></tr><tr><td>International</td><td>-383,783</td><td>-557,576</td><td>-156,583</td><td>-147,046</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><td>3,797</td></tr><tr><td>Grand total</td><td>-722,143</td><td>-1,362,532</td><td>-749,730</td><td>-644,717</td><td>-80,990</td><td>-99,669</td><td>-103,562r</td><td>-46,181</td><td>-86,350</td><td>-11,118</td><td>-22,247</td></tr></table>
1/ Formerly Belgian Congo. 2/ Data on transactions by the Syrian Region - U.A.K. are not available separately, but are included in "Other Asia."
Preliminary. Revised.
November 1961
89
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of September 30, 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>226,52</td><td>24,669</td><td>217,087</td><td>-</td><td>7,582</td><td>1,347</td><td>1,333</td><td>-</td><td>14</td><td>36</td></tr><tr><td>Belgium</td><td>312,943</td><td>270,813</td><td>231,240</td><td>11,190</td><td>8,383</td><td>41,559</td><td>31,790</td><td>336</td><td>14</td><td>1</td></tr><tr><td>Czechoslovakia</td><td>971</td><td>708</td><td>596</td><td>-</td><td>112</td><td>263</td><td>263</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>48,180</td><td>41,768</td><td>14,565</td><td>25,700</td><td>993</td><td>6,898</td><td>6,339</td><td>45</td><td>14</td><td>24</td></tr><tr><td>Finland</td><td>38,677</td><td>80,895</td><td>43,164</td><td>35,300</td><td>6,431</td><td>1,692</td><td>1,602</td><td>-</td><td>-</td><td>14</td></tr><tr><td>France</td><td>839,338</td><td>837,186</td><td>270,468</td><td>532,310</td><td>34,408</td><td>51,354</td><td>45,078</td><td>1,874</td><td>47</td><td>12</td></tr><tr><td>Germany, Federal Republic of</td><td>1,776,236</td><td>2,715,875</td><td>282,070</td><td>2,045,100</td><td>388,705</td><td>32,903</td><td>20,118</td><td>1,088</td><td>1,900</td><td>4,448</td></tr><tr><td>Greece</td><td>3,222</td><td>27,843</td><td>20,805</td><td>7,000</td><td>38</td><td>15,379</td><td>15,379</td><td>-</td><td>-</td><td>8</td></tr><tr><td>Italy</td><td>1,131,414</td><td>1,126,313</td><td>144,339</td><td>802,890</td><td>179,084</td><td>24,375</td><td>20,750</td><td>3,590</td><td>40</td><td>17</td></tr><tr><td>Netherlands</td><td>223,188</td><td>194,188</td><td>119,724</td><td>63,728</td><td>10,736</td><td>28,843</td><td>23,390</td><td>1,373</td><td>4,80</td><td>1</td></tr><tr><td>Norway</td><td>104,561</td><td>72,81</td><td>52,370</td><td>15,000</td><td>5,451</td><td>31,689</td><td>30,915</td><td>338</td><td>4</td><td>-</td></tr><tr><td>Poland</td><td>6,779</td><td>6,022</td><td>5,890</td><td>-</td><td>132</td><td>757</td><td>738</td><td>19</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>85,868</td><td>45,294</td><td>43,370</td><td>-</td><td>1,924</td><td>40,574</td><td>38,836</td><td>86</td><td>14</td><td>-</td></tr><tr><td>Romania</td><td>936</td><td>660</td><td>630</td><td>-</td><td>30</td><td>276</td><td>276</td><td>-</td><td>-</td><td>3</td></tr><tr><td>Spain</td><td>128,362</td><td>107,930</td><td>106,899</td><td>-</td><td>1,031</td><td>20,410</td><td>20,023</td><td>6</td><td>144</td><td>3</td></tr><tr><td>Sweden</td><td>386,223</td><td>377,027</td><td>94,335</td><td>242,000</td><td>40,692</td><td>9,126</td><td>8,926</td><td>20</td><td>-</td><td>2,944</td></tr><tr><td>Switzerland</td><td>705,233</td><td>595,446</td><td>363,280</td><td>84,567</td><td>147,579</td><td>101,863</td><td>69,442</td><td>11,331</td><td>21,090</td><td>1</td></tr><tr><td>Turkey</td><td>18,812</td><td>17,074</td><td>17,035</td><td>-</td><td>39</td><td>1,738</td><td>1,718</td><td>-</td><td>20</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>6,909</td><td>6,662</td><td>6,554</td><td>-</td><td>108</td><td>247</td><td>247</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>2,620,459</td><td>2,279,229</td><td>1,031,060</td><td>1,164,481</td><td>83,688</td><td>301,888</td><td>139,355</td><td>50,504</td><td>112,129</td><td>39,54</td></tr><tr><td>Yugoslavia</td><td>8,474</td><td>7,906</td><td>7,501</td><td>-</td><td>405</td><td>568</td><td>568</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>416,780</td><td>371,739</td><td>84,828</td><td>86,540</td><td>200,371</td><td>11,480</td><td>10,209</td><td>370</td><td>901</td><td>33,761</td></tr><tr><td>Total Europe</td><td>10,229,417</td><td>9,413,538</td><td>3,179,810</td><td>5,115,806</td><td>1,117,922</td><td>728,419</td><td>497,807</td><td>73,195</td><td>157,417</td><td>87,460</td></tr><tr><td>Canada</td><td>2,647,548</td><td>2,394,041</td><td>1,799,737</td><td>577,234</td><td>17,070</td><td>241,599</td><td>192,202</td><td>32,613</td><td>16,784</td><td>11,168</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>252,500</td><td>180,437</td><td>140,734</td><td>33,500</td><td>6,203</td><td>71,390</td><td>70,178</td><td>70</td><td>1,742</td><td>73</td></tr><tr><td>Bolivia</td><td>22,672</td><td>6,814</td><td>6,811</td><td>-</td><td>3</td><td>12,855</td><td>15,777</td><td>13</td><td>65</td><td>3</td></tr><tr><td>Brazil</td><td>263,254</td><td>129,943</td><td>123,885</td><td>200</td><td>5,858</td><td>133,272</td><td>125,919</td><td>333</td><td>7,020</td><td>39</td></tr><tr><td>Chile</td><td>129,966</td><td>84,853</td><td>84,595</td><td>-</td><td>258</td><td>47,070</td><td>44,317</td><td>108</td><td>642</td><td>4</td></tr><tr><td>Colombia</td><td>136,669</td><td>67,486</td><td>64,696</td><td>200</td><td>2,590</td><td>69,181</td><td>68,655</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Cuba</td><td>45,387</td><td>2,058</td><td>2,058</td><td>-</td><td>-</td><td>43,329</td><td>41,983</td><td>95</td><td>1,251</td><td>-</td></tr><tr><td>Dominican Republic</td><td>23,085</td><td>10,733</td><td>10,695</td><td>-</td><td>43</td><td>18,347</td><td>18,149</td><td>36</td><td>10</td><td>-</td></tr><tr><td>Guatemala</td><td>45,899</td><td>28,142</td><td>13,613</td><td>1,000</td><td>7,529</td><td>17,757</td><td>17,575</td><td>65</td><td>117</td><td>-</td></tr><tr><td>Mexico</td><td>413,240</td><td>248,406</td><td>229,410</td><td>10,000</td><td>8,996</td><td>104,406</td><td>159,297</td><td>2,839</td><td>2,360</td><td>338</td></tr><tr><td>Netherlands Antilles & Surinam</td><td>87,038</td><td>51,324</td><td>35,574</td><td>4,269</td><td>11,999</td><td>35,169</td><td>23,772</td><td>1,122</td><td>4,779</td><td>27</td></tr><tr><td>Panama, Republic of</td><td>79,003</td><td>14,427</td><td>13,617</td><td>-</td><td>810</td><td>64,575</td><td>59,093</td><td>756</td><td>4,726</td><td>7</td></tr><tr><td>Peru</td><td>75,628</td><td>33,012</td><td>32,899</td><td>-</td><td>113</td><td>42,597</td><td>40,491</td><td>67</td><td>2,034</td><td>19</td></tr><tr><td>El Salvador</td><td>25,927</td><td>7,157</td><td>5,522</td><td>1,500</td><td>135</td><td>18,770</td><td>18,763</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>48,879</td><td>19,485</td><td>17,806</td><td>-</td><td>1,676</td><td>20,387</td><td>24,525</td><td>650</td><td>4,412</td><td>7</td></tr><tr><td>Venezuela</td><td>447,885</td><td>248,030</td><td>247,672</td><td>-</td><td>364</td><td>199,452</td><td>194,722</td><td>1,589</td><td>3,141</td><td>397</td></tr><tr><td>Other Latin America</td><td>254,070</td><td>151,895</td><td>114,368</td><td>20,952</td><td>29,575</td><td>100,520</td><td>94,851</td><td>4,102</td><td>1,167</td><td>1,657</td></tr><tr><td>Total Latin America</td><td>2,357,102</td><td>1,284,731</td><td>1,149,958</td><td>71,621</td><td>63,152</td><td>1,069,767</td><td>1,023,367</td><td>11,852</td><td>34,048</td><td>2,67</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>34,830</td><td>28,855</td><td>28,774</td><td>81</td><td>-</td><td>5,375</td><td>5,069</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>54,697</td><td>27,880</td><td>27,727</td><td>-</td><td>4,053</td><td>26,977</td><td>25,860</td><td>60</td><td>1,059</td><td>4</td></tr><tr><td>India</td><td>85,543</td><td>77,686</td><td>49,611</td><td>41,300</td><td>6,775</td><td>5,920</td><td>5,618</td><td>300</td><td>-</td><td>2,495</td></tr><tr><td>Indonesia</td><td>76,645</td><td>73,934</td><td>64,366</td><td>9,430</td><td>138</td><td>2,711</td><td>2,711</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>37,357</td><td>31,060</td><td>31,054</td><td>-</td><td>6</td><td>6,293</td><td>6,293</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>62,136</td><td>57,513</td><td>32,604</td><td>2,450</td><td>24,47</td><td>4,683</td><td>4,683</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>1,649,283</td><td>1,627,878</td><td>1,389,111</td><td>457,905</td><td>80,86</td><td>1,383</td><td>17,716</td><td>180</td><td>3,487</td><td>1</td></tr><tr><td>Korea, Republic of</td><td>1,41,72</td><td>192,14</td><td>189,411</td><td>150</td><td>2,504</td><td>1,684</td><td>1,984</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>152,772</td><td>131,984</td><td>116,038</td><td>-</td><td>15,946</td><td>20,087</td><td>11,539</td><td>348</td><td>200</td><td>-</td></tr><tr><td>Taiwan</td><td>90,081</td><td>84,670</td><td>82,308</td><td>15</td><td>1,861</td><td>5,402</td><td>5,401</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>39,604</td><td>34,579</td><td>6,442</td><td>16,84</td><td>6,303</td><td>2,979</td><td>2,979</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>223,403</td><td>181,763</td><td>128,445</td><td>26,03</td><td>17,376</td><td>4,86</td><td>36,430</td><td>78</td><td>4,304</td><td>-</td></tr><tr><td>Total Asia</td><td>2,900,005</td><td>2,741,343</td><td>1,980,459</td><td>1,2210</td><td>17,141</td><td>4,94</td><td>13,772</td><td>97</td><td>-</td><td>2,11</td></tr><tr><td>Other Countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>36,439</td><td>83,182</td><td>46,473</td><td>37,400</td><td>3,20</td><td>2,71</td><td>2,8</td><td>11</td><td>159</td><td>8</td></tr><tr><td>Congo, Republic of the</td><td>-</td><td>41,54</td><td>40,104</td><td>4,50</td><td>16,87</td><td>1,1</td><td>1,155</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egyptian Region - U.A.R. 2/</td><td>4,741</td><td>13,783</td><td>12,04</td><td>13</td><td>1,704</td><td>1,704</td><td>6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Union of South Africa</td><td>4,781</td><td>41,71</td><td>41,604</td><td>-</td><td>11</td><td>3,21</td><td>1,13</td><td>110</td><td>-</td><td>-</td></tr><tr><td>All Other</td><td>3,214</td><td>110,882</td><td>140,714</td><td>5,18</td><td>4,91</td><td>32,87</td><td>3,24</td><td>409</td><td>-</td><td>-</td></tr><tr><td>Total other countries</td><td>76</td><td>331,023</td><td>266,961</td><td>47,193</td><td>6,987</td><td>61,652</td><td>38,734</td><td>-</td><td>-</td><td>-</td></tr><tr><td>International</td><td>1,443,16</td><td>1,394,621</td><td>413,419</td><td>1,012,741</td><td>-</td><td>1,201</td><td>1,288</td><td>11,13</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>19,443,16</td><td>14,191,610</td><td>3,608,840</td><td>2,223,42</td><td>1,301,1</td><td>6,14</td><td>1,882,72</td><td>11,13</td><td>-</td><td>2,67</td></tr></table>
1/ Formerly Belgian Congo. 
✓ Data on liabilities to the Syrian region - "A.H. are not available separately, but are included in "Other A.H."
90
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of September 30, 1961
(Position in thousands of dollars)
<table><tr><th rowspan="2">Country</th><th rowspan="2">Total short-term claims</th><th colspan="4">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>2,530</td><td>2,330</td><td>441</td><td>-</td><td>1,386</td><td>503</td><td>200</td><td>200</td><td>-</td></tr><tr><td>Belgium</td><td>10,371</td><td>9,273</td><td>1,566</td><td>317</td><td>7,152</td><td>238</td><td>1,098</td><td>1,094</td><td>4</td></tr><tr><td>Czechoslovakia</td><td>1,592</td><td>1,592</td><td>1,560</td><td>1</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>9,752</td><td>9,280</td><td>125</td><td>1,843</td><td>2,114</td><td>5,198</td><td>472</td><td>472</td><td>-</td></tr><tr><td>Finland</td><td>15,750</td><td>15,618</td><td>786</td><td>186</td><td>1,471</td><td>13,175</td><td>132</td><td>13</td><td>-</td></tr><tr><td>France</td><td>34,453</td><td>31,577</td><td>2,897</td><td>5,069</td><td>10,587</td><td>13,024</td><td>2,876</td><td>2,482</td><td>392</td></tr><tr><td>Germany, Federal Republic of</td><td>146,459</td><td>131,837</td><td>25,044</td><td>60,653</td><td>21,610</td><td>24,530</td><td>14,622</td><td>13,465</td><td>1,157</td></tr><tr><td>Greece</td><td>6,815</td><td>6,815</td><td>395</td><td>2,243</td><td>4,177</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Italy</td><td>34,067</td><td>32,430</td><td>7,246</td><td>4,726</td><td>16,980</td><td>3,478</td><td>1,637</td><td>1,482</td><td>155</td></tr><tr><td>Netherlands</td><td>44,951</td><td>38,920</td><td>6,329</td><td>21,808</td><td>8,104</td><td>2,679</td><td>6,031</td><td>5,816</td><td>215</td></tr><tr><td>Norway</td><td>13,318</td><td>12,394</td><td>1,184</td><td>675</td><td>1,948</td><td>8,587</td><td>924</td><td>436</td><td>488</td></tr><tr><td>Poland</td><td>5,992</td><td>5,992</td><td>92</td><td>129</td><td>1,037</td><td>4,734</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>1,871</td><td>1,793</td><td>257</td><td>31</td><td>1,055</td><td>450</td><td>78</td><td>78</td><td>-</td></tr><tr><td>Romania</td><td>47</td><td>47</td><td>-</td><td>-</td><td>47</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>7,105</td><td>6,450</td><td>2,469</td><td>962</td><td>1,421</td><td>1,598</td><td>655</td><td>654</td><td>1</td></tr><tr><td>Sweden</td><td>14,834</td><td>13,619</td><td>1,339</td><td>552</td><td>5,859</td><td>5,869</td><td>1,215</td><td>1,193</td><td>22</td></tr><tr><td>Switzerland</td><td>66,667</td><td>38,945</td><td>11,621</td><td>13,677</td><td>8,035</td><td>5,612</td><td>27,722</td><td>9,392</td><td>18,330</td></tr><tr><td>Turkey</td><td>31,212</td><td>31,207</td><td>27,105</td><td>33</td><td>4,069</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>172</td><td>170</td><td>-</td><td>-</td><td>168</td><td>2</td><td>2</td><td>2</td><td>-</td></tr><tr><td>United Kingdom</td><td>182,993</td><td>76,410</td><td>22,003</td><td>1,582</td><td>13,149</td><td>39,676</td><td>106,583</td><td>77,577</td><td>29,006</td></tr><tr><td>Yugoslavia</td><td>8,445</td><td>8,445</td><td>4,712</td><td>6</td><td>1,242</td><td>2,485</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>11,592</td><td>11,197</td><td>2,010</td><td>4,281</td><td>4,601</td><td>305</td><td>395</td><td>394</td><td>1</td></tr><tr><td>Total Europe</td><td>650,988</td><td>486,341</td><td>119,181</td><td>118,774</td><td>116,243</td><td>132,143</td><td>164,647</td><td>114,874</td><td>49,773</td></tr><tr><td>Canada</td><td>455,567</td><td>259,594</td><td>18,682</td><td>193,874</td><td>9,863</td><td>37,175</td><td>195,973</td><td>72,899</td><td>123,074</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>161,502</td><td>150,168</td><td>16,179</td><td>24,797</td><td>40,035</td><td>69,157</td><td>11,334</td><td>11,073</td><td>261</td></tr><tr><td>Bolivia</td><td>5,162</td><td>5,162</td><td>72</td><td>272</td><td>4,636</td><td>182</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>179,931</td><td>144,698</td><td>65,950</td><td>27,398</td><td>36,391</td><td>14,959</td><td>35,233</td><td>35,020</td><td>213</td></tr><tr><td>Chile</td><td>116,571</td><td>116,434</td><td>46,322</td><td>22,512</td><td>16,006</td><td>31,594</td><td>137</td><td>12</td><td>125</td></tr><tr><td>Colombia</td><td>89,623</td><td>89,575</td><td>9,167</td><td>12,838</td><td>26,649</td><td>40,921</td><td>48</td><td>47</td><td>1</td></tr><tr><td>Cuba</td><td>19,455</td><td>19,423</td><td>-</td><td>1,697</td><td>17,723</td><td>3</td><td>32</td><td>19</td><td>13</td></tr><tr><td>Dominican Republic</td><td>12,171</td><td>12,171</td><td>4,700</td><td>1,343</td><td>4,008</td><td>2,120</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>15,911</td><td>15,900</td><td>2,407</td><td>1,393</td><td>6,628</td><td>5,472</td><td>11</td><td>11</td><td>11</td></tr><tr><td>Mexico</td><td>383,556</td><td>378,507</td><td>125,314</td><td>71,344</td><td>34,806</td><td>147,043</td><td>5,049</td><td>3,046</td><td>2,003</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>6,107</td><td>6,107</td><td>178</td><td>3,966</td><td>1,933</td><td>30</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Panama, Republic of</td><td>30,186</td><td>30,136</td><td>1,398</td><td>18,663</td><td>6,210</td><td>3,915</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>67,712</td><td>67,560</td><td>3,039</td><td>10,714</td><td>22,872</td><td>30,935</td><td>152</td><td>121</td><td>31</td></tr><tr><td>El Salvador</td><td>15,329</td><td>15,323</td><td>504</td><td>733</td><td>5,331</td><td>8,755</td><td>6</td><td>6</td><td>6</td></tr><tr><td>Uruguay</td><td>38,537</td><td>38,526</td><td>4,445</td><td>3,819</td><td>4,591</td><td>25,671</td><td>11</td><td>11</td><td>-</td></tr><tr><td>Venezuela</td><td>137,190</td><td>135,165</td><td>14,898</td><td>24,727</td><td>73,208</td><td>22,332</td><td>2,025</td><td>628</td><td>1,397</td></tr><tr><td>Other Latin America</td><td>72,075</td><td>71,951</td><td>7,744</td><td>15,147</td><td>28,668</td><td>20,392</td><td>124</td><td>109</td><td>15</td></tr><tr><td>Total Latin America</td><td>1,351,018</td><td>1,296,856</td><td>302,317</td><td>241,363</td><td>329,695</td><td>423,481</td><td>54,162</td><td>50,086</td><td>4,076</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>1,704</td><td>1,699</td><td>1,668</td><td>-</td><td>31</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Hong Kong</td><td>10,366</td><td>10,348</td><td>4,200</td><td>2,110</td><td>2,752</td><td>1,286</td><td>18</td><td>18</td><td>-</td></tr><tr><td>India</td><td>8,256</td><td>7,718</td><td>1,919</td><td>255</td><td>4,775</td><td>769</td><td>538</td><td>284</td><td>254</td></tr><tr><td>Indonesia</td><td>447</td><td>447</td><td>157</td><td>-</td><td>290</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>34,729</td><td>33,627</td><td>2,593</td><td>10</td><td>30,067</td><td>957</td><td>1,102</td><td>1,096</td><td>6</td></tr><tr><td>Israel</td><td>30,618</td><td>30,618</td><td>3,249</td><td>2,523</td><td>3,075</td><td>21,771</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>1,288,009</td><td>1,262,996</td><td>162,933</td><td>2,470</td><td>135,526</td><td>962,069</td><td>25,011</td><td>24,968</td><td>343</td></tr><tr><td>Korea, Republic of</td><td>3,272</td><td>3,272</td><td>4</td><td>-</td><td>3,268</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>38,435</td><td>38,430</td><td>34,979</td><td>913</td><td>687</td><td>1,851</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Taiwan</td><td>10,107</td><td>10,107</td><td>1,571</td><td>60</td><td>817</td><td>7,659</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>31,568</td><td>31,568</td><td>12,730</td><td>673</td><td>3,851</td><td>14,314</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>120,799</td><td>120,420</td><td>98,586</td><td>2,392</td><td>17,090</td><td>2,352</td><td>379</td><td>289</td><td>90</td></tr><tr><td>Total Asia</td><td>1,578,310</td><td>1,551,252</td><td>324,589</td><td>11,406</td><td>202,229</td><td>1,013,028</td><td>27,038</td><td>26,665</td><td>397</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>26,745</td><td>24,096</td><td>1,726</td><td>2,479</td><td>11,318</td><td>8,573</td><td>2,649</td><td>733</td><td>1,916</td></tr><tr><td>Congo, Republic of the Z.</td><td>3,492</td><td>3,450</td><td>1,937</td><td>-</td><td>1,513</td><td>-</td><td>42</td><td>42</td><td>-</td></tr><tr><td>Egyptian Region-U.A.R.</td><td>12,800</td><td>12,642</td><td>5,577</td><td>-</td><td>529</td><td>6,536</td><td>158</td><td>158</td><td>-</td></tr><tr><td>Union of South Africa</td><td>19,118</td><td>18,823</td><td>2,518</td><td>7</td><td>8,207</td><td>8,091</td><td>295</td><td>258</td><td>37</td></tr><tr><td>All Other</td><td>26,096</td><td>25,564</td><td>722</td><td>4,665</td><td>18,903</td><td>1,274</td><td>532</td><td>163</td><td>309</td></tr><tr><td>Total other countries</td><td>88,251</td><td>84,575</td><td>12,480</td><td>7,151</td><td>40,470</td><td>24,474</td><td>3,676</td><td>1,354</td><td>2,133</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>4,124,134</td><td>3,678,618</td><td>777,249</td><td>572,568</td><td>698,500</td><td>1,630,301</td><td>44,516</td><td>265,878</td><td>179,638</td></tr></table>
1/ Excludes convertible currencies held by U.S. monetary authorities. 2/ Formerly Belgian Congo.
Data on claims on the Syrian Region - U.A.R. are not available separately, but are included in "Other Asia."
November 1961
91
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During September 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>U.S. Government bonds and notes</th><th colspan="2">Corporate and other</th><th>Foreign securities</th><th>Total sales</th><th>U.S. Government bonds and notes</th><th colspan="2">Corporate and other</th><th>Foreign securities</th></tr><tr><th></th><th></th><th></th><th>Bonda</th><th>Stocks</th><th>Bonda</th><th>Stocks</th><th></th><th>Bonda</th><th>Stocks</th><th>Bonda</th><th>Stocks</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>1,699</td><td>-</td><td>-</td><td>198</td><td>1,501</td><td>-</td><td>111</td><td>-</td><td>-</td><td>111</td><td>-</td></tr><tr><td>Belgium</td><td>6,187</td><td>15</td><td>5</td><td>3,209</td><td>2,868</td><td>90</td><td>6,578</td><td>72</td><td>133</td><td>2,333</td><td>4,720</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>1,184</td><td>15</td><td>25</td><td>139</td><td>1,003</td><td>2</td><td>1,349</td><td>30</td><td>35</td><td>257</td><td>1,021</td></tr><tr><td>Finland</td><td>2,625</td><td>-</td><td>-</td><td>-</td><td>2,625</td><td>-</td><td>1,760</td><td>-</td><td>-</td><td>-</td><td>1,760</td></tr><tr><td>France</td><td>11,330</td><td>11</td><td>271</td><td>9,361</td><td>1,065</td><td>622</td><td>11,368</td><td>10</td><td>177</td><td>7,763</td><td>1,101</td></tr><tr><td>Germany, Federal Republic of</td><td>29,525</td><td>96</td><td>43</td><td>7,695</td><td>20,670</td><td>1,021</td><td>35,804</td><td>29</td><td>37</td><td>3,896</td><td>28,801</td></tr><tr><td>Greece</td><td>1,074</td><td>-</td><td>-</td><td>73</td><td>1,000</td><td>1</td><td>1,437</td><td>-</td><td>-</td><td>367</td><td>1,001</td></tr><tr><td>Italy</td><td>9,478</td><td>-</td><td>59</td><td>2,520</td><td>6,648</td><td>251</td><td>6,071</td><td>28</td><td>525</td><td>1,976</td><td>2,931</td></tr><tr><td>Netherlands</td><td>13,697</td><td>6</td><td>435</td><td>9,715</td><td>333</td><td>3,208</td><td>14,279</td><td>31</td><td>1,536</td><td>6,673</td><td>804</td></tr><tr><td>Norway</td><td>3,628</td><td>9</td><td>58</td><td>619</td><td>2,830</td><td>112</td><td>8,699</td><td>7,008</td><td>456</td><td>823</td><td>271</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>141</td></tr><tr><td>Portugal</td><td>297</td><td>-</td><td>50</td><td>84</td><td>138</td><td>25</td><td>87</td><td>-</td><td>-</td><td>78</td><td>9</td></tr><tr><td>Romania</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>5,340</td><td>-</td><td>13</td><td>1,255</td><td>4,062</td><td>10</td><td>1,145</td><td>-</td><td>26</td><td>780</td><td>32</td></tr><tr><td>Sweden</td><td>1,719</td><td>-</td><td>645</td><td>32</td><td>1,040</td><td>2</td><td>1,153</td><td>-</td><td>290</td><td>53</td><td>801</td></tr><tr><td>Switzerland</td><td>80,426</td><td>422</td><td>2,085</td><td>68,714</td><td>7,422</td><td>1,783</td><td>82,643</td><td>591</td><td>2,110</td><td>67,076</td><td>8,601</td></tr><tr><td>Turkey</td><td>55</td><td>-</td><td>-</td><td>55</td><td>-</td><td>-</td><td>31</td><td>-</td><td>15</td><td>16</td><td>4,269</td></tr><tr><td>U.S.S.R.</td><td>50,706</td><td>7,026</td><td>2,107</td><td>34,526</td><td>3,247</td><td>3,800</td><td>55,443</td><td>11,643</td><td>3,791</td><td>31,168</td><td>5,200</td></tr><tr><td>United Kingdom</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,641</td></tr><tr><td>Yugoslavia</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>501</td><td>-</td><td>-</td><td>1</td><td>500</td></tr><tr><td>Other Europe</td><td>8,853</td><td>69</td><td>139</td><td>1,197</td><td>7,384</td><td>64</td><td>5,029</td><td>2</td><td>236</td><td>1,461</td><td>3,283</td></tr><tr><td>Total Europe</td><td>227,826</td><td>7,669</td><td>5,935</td><td>139,395</td><td>63,836</td><td>10,991</td><td>233,488</td><td>19,444</td><td>9,367</td><td>124,732</td><td>59,836</td></tr><tr><td>Canada</td><td>92,650</td><td>11,370</td><td>8,317</td><td>27,007</td><td>17,481</td><td>28,475</td><td>97,206</td><td>4,986</td><td>18,464</td><td>33,440</td><td>9,850</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>5,132</td><td>-</td><td>2</td><td>1,088</td><td>4,012</td><td>30</td><td>975</td><td>6</td><td>15</td><td>718</td><td>162</td></tr><tr><td>Bolivia</td><td>251</td><td>-</td><td>-</td><td>52</td><td>191</td><td>8</td><td>82</td><td>-</td><td>-</td><td>63</td><td>19</td></tr><tr><td>Brazil</td><td>1,906</td><td>-</td><td>-</td><td>1,808</td><td>71</td><td>27</td><td>1,604</td><td>14</td><td>7</td><td>1,250</td><td>4</td></tr><tr><td>Chile</td><td>964</td><td>-</td><td>68</td><td>711</td><td>179</td><td>6</td><td>447</td><td>-</td><td>22</td><td>415</td><td>10</td></tr><tr><td>Colombia</td><td>252</td><td>-</td><td>-</td><td>192</td><td>42</td><td>18</td><td>1,343</td><td>1</td><td>-</td><td>178</td><td>1,150</td></tr><tr><td>Cuba</td><td>59</td><td>-</td><td>-</td><td>58</td><td>1</td><td>-</td><td>26</td><td>-</td><td>-</td><td>26</td><td>-</td></tr><tr><td>Dominican Republic</td><td>605</td><td>-</td><td>-</td><td>145</td><td>450</td><td>10</td><td>512</td><td>-</td><td>-</td><td>57</td><td>455</td></tr><tr><td>Guatemala</td><td>87</td><td>-</td><td>3</td><td>74</td><td>-</td><td>10</td><td>54</td><td>-</td><td>-</td><td>54</td><td>-</td></tr><tr><td>Mexico</td><td>9,873</td><td>150</td><td>125</td><td>3,430</td><td>6,040</td><td>128</td><td>2,967</td><td>120</td><td>234</td><td>2,369</td><td>37</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>2,602</td><td>408</td><td>91</td><td>1,795</td><td>172</td><td>136</td><td>6,066</td><td>298</td><td>764</td><td>1,802</td><td>3,144</td></tr><tr><td>Panama, Republic of</td><td>5,615</td><td>105</td><td>183</td><td>5,055</td><td>117</td><td>155</td><td>3,538</td><td>5</td><td>356</td><td>2,909</td><td>212</td></tr><tr><td>Peru</td><td>975</td><td>150</td><td>-</td><td>565</td><td>-</td><td>260</td><td>671</td><td>2</td><td>-</td><td>566</td><td>63</td></tr><tr><td>El Salvador</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td></tr><tr><td>Uruguay</td><td>2,778</td><td>1</td><td>106</td><td>2,372</td><td>38</td><td>261</td><td>2,742</td><td>75</td><td>66</td><td>2,285</td><td>144</td></tr><tr><td>Venezuela</td><td>1,990</td><td>-</td><td>-</td><td>1,754</td><td>122</td><td>114</td><td>4,087</td><td>20</td><td>56</td><td>1,083</td><td>2,915</td></tr><tr><td>Other Latin America</td><td>3,625</td><td>1,200</td><td>109</td><td>1,760</td><td>377</td><td>179</td><td>3,986</td><td>686</td><td>506</td><td>1,312</td><td>1,473</td></tr><tr><td>Total Latin America</td><td>36,714</td><td>2,014</td><td>687</td><td>20,859</td><td>11,812</td><td>1,342</td><td>29,100</td><td>1,227</td><td>2,026</td><td>15,087</td><td>9,778</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>29</td><td>-</td><td>-</td><td>29</td><td>-</td><td>-</td><td>23</td><td>-</td><td>-</td><td>23</td><td>-</td></tr><tr><td>Hong Kong</td><td>10,409</td><td>-</td><td>12</td><td>10,236</td><td>91</td><td>70</td><td>10,441</td><td>-</td><td>2</td><td>9,917</td><td>285</td></tr><tr><td>India</td><td>44</td><td>-</td><td>-</td><td>44</td><td>-</td><td>-</td><td>80</td><td>-</td><td>24</td><td>56</td><td>237</td></tr><tr><td>Indonesia</td><td>52</td><td>-</td><td>-</td><td>52</td><td>-</td><td>-</td><td>98</td><td>-</td><td>-</td><td>91</td><td>7</td></tr><tr><td>Iran</td><td>67</td><td>3</td><td>-</td><td>59</td><td>-</td><td>5</td><td>2,023</td><td>1</td><td>-</td><td>60</td><td>1,960</td></tr><tr><td>Israel</td><td>2,123</td><td>4</td><td>4</td><td>69</td><td>2,046</td><td>-</td><td>3,223</td><td>14</td><td>-</td><td>37</td><td>2,859</td></tr><tr><td>Japan</td><td>2,574</td><td>-</td><td>7</td><td>152</td><td>2,384</td><td>31</td><td>4,415</td><td>10</td><td>33</td><td>143</td><td>3,177</td></tr><tr><td>Korea, Republic of</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,052</td></tr><tr><td>Philippines</td><td>243</td><td>-</td><td>-</td><td>230</td><td>8</td><td>5</td><td>49</td><td>-</td><td>-</td><td>29</td><td>20</td></tr><tr><td>Taiwan</td><td>19</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>220</td><td>201</td><td>-</td><td>19</td><td>-</td></tr><tr><td>Thailand</td><td>2,564</td><td>-</td><td>-</td><td>64</td><td>2,500</td><td>-</td><td>2,165</td><td>-</td><td>-</td><td>15</td><td>2,150</td></tr><tr><td>Other Asia</td><td>6,964</td><td>-</td><td>19</td><td>1,657</td><td>5,250</td><td>38</td><td>8,335</td><td>15</td><td>4</td><td>1,289</td><td>7,023</td></tr><tr><td>Total Asia</td><td>25,090</td><td>7</td><td>42</td><td>12,613</td><td>12,279</td><td>149</td><td>31,072</td><td>241</td><td>63</td><td>11,679</td><td>17,454</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>2,177</td><td>-</td><td>-</td><td>33</td><td>2,017</td><td>127</td><td>6,795</td><td>-</td><td>-</td><td>130</td><td>1,750</td></tr><tr><td>Congo, Republic of the</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,911</td></tr><tr><td>Egyptian Region - U.A.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>Union of South Africa</td><td>2,291</td><td>-</td><td>-</td><td>45</td><td>2,185</td><td>61</td><td>2,068</td><td>-</td><td>-</td><td>104</td><td>1,961</td></tr><tr><td>All other</td><td>2,242</td><td>-</td><td>100</td><td>582</td><td>1,549</td><td>11</td><td>19,851</td><td>-</td><td>-</td><td>231</td><td>19,620</td></tr><tr><td>Total other countries</td><td>6,710</td><td>-</td><td>100</td><td>660</td><td>5,751</td><td>199</td><td>28,714</td><td>-</td><td>-</td><td>465</td><td>23,331</td></tr><tr><td>International</td><td>113,021</td><td>1,221</td><td>75</td><td>240</td><td>111,460</td><td>25</td><td>108,006</td><td>-</td><td>-</td><td>318</td><td>107,688</td></tr><tr><td>Grand total</td><td>502,011</td><td>22,281</td><td>15,156</td><td>200,774</td><td>222,619</td><td>41,181</td><td>527,586</td><td>25,898</td><td>29,920</td><td>185,721</td><td>227,937</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."
92
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
December 1960 through November 1961
<table><tr><th></th><th colspan="2">1960</th><th colspan="11">Issue and page number 1961</th></tr><tr><th></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><th>Nov.</th></tr><tr><td>Reporting bases</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td></tr><tr><td>Articles:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury financing operations</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal sources</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>.</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>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>-</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>5</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>13</td><td>...</td><td>13</td><td>...</td><td>13</td><td>13</td><td>14</td><td>13</td><td>13</td><td>13</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>...</td><td>...</td><td>14</td><td>...</td><td>14</td><td>...</td><td>14</td><td>15</td><td>15</td><td>15</td><td>14</td><td>14</td></tr><tr><td>Federal Disability Insurance Trust Fund</td><td>...</td><td>...</td><td>14</td><td>...</td><td>14</td><td>...</td><td>14</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td></tr><tr><td>Railroad Retirement Account</td><td>...</td><td>...</td><td>15</td><td>...</td><td>15</td><td>...</td><td>15</td><td>16</td><td>16</td><td>...</td><td>16</td><td>16</td></tr><tr><td>Unemployment Trust Fund</td><td>...</td><td>...</td><td>16</td><td>...</td><td>16</td><td>...</td><td>16</td><td>17</td><td>17</td><td>...</td><td>17</td><td>17</td></tr><tr><td>National Service Life Insurance Fund</td><td>...</td><td>...</td><td>17</td><td>...</td><td>17</td><td>...</td><td>17</td><td>18</td><td>...</td><td>...</td><td>18</td><td>18</td></tr><tr><td>Investments of specified trust accounts in public debt securities, by issues (latest date September 30, 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>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>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><td>-</td></tr><tr><td>Summary of cash transactions through Treasurer's account</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><td>16</td></tr><tr><td>Derivation of Federal receipts from the public, and reconciliation to cash deposits in Treasurer's account</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><td>21</td></tr><tr><td>Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's account</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><td>21</td></tr><tr><td>Intragovernmental transactions</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><td>22</td></tr><tr><td>Accrued interest and other noncash expenditures</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><td>22</td></tr><tr><td>Derivation of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account</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><td>23</td></tr><tr><td>Account of the Treasurer of the United States:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Status of the account of the Treasurer of the United States</td><td>19</td><td>19</td><td>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><td>25</td></tr><tr><td>Analysis of changes in tax and loan account balances</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><td>26</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>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><td>27</td></tr><tr><td>Computed interest charge and rate on Federal securities</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><td>27</td></tr><tr><td>Interest-bearing public debt</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><td>28</td></tr><tr><td>Average length and maturity distribution of marketable interest-bearing public debt</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><td>28</td></tr><tr><td>Special public debt issues to U.S. Government investment accounts</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><td>29</td></tr><tr><td>Treasury holdings of securities issued by Government agencies</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><td>30</td></tr><tr><td>Interest-bearing securities issued by Federal agencies but not guaranteed by the U.S. Government</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>31</td><td>26</td><td>26</td><td>31</td></tr><tr><td>Statutory debt limitation</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><td>32</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>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><td>33</td></tr><tr><td>Offerings of Treasury bills</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><td>35</td></tr><tr><td>New money financing through regular weekly Treasury bills</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><td>37</td></tr><tr><td>Offerings of public marketable securities other than regular weekly Treasury bills</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><td>39</td></tr><tr><td>Allotments by investor classes on subscriptions for public marketable securities other than regular weekly Treasury bills</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><td>44</td></tr><tr><td>Disposition of matured public marketable securities other than regular weekly Treasury bills</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><td>47</td></tr></table>
(Continued on following page)
November 1961
93
CUMULATIVE TABLE OF CONTENTS
December 1960 through November 1961 - (Continued)
<table><tr><th></th><th colspan="11">Issue and page number</th></tr><tr><th></th><th>1960</th><th colspan="10">1961</th></tr><tr><th></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><th>Nov.</th></tr><tr><td>United Statesa savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series</td><td>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><td>53</td></tr><tr><td>Sales and redemptions by periods, all series combined</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><td>53</td></tr><tr><td>Sales and redemptions by periods, Series E through K</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><td>54</td></tr><tr><td>Redemptions of matured and unmatured bonds</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><td>56</td></tr><tr><td>Sales and redemptions by denominations, Series E and H combined</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><td>57</td></tr><tr><td>Sales by States, Series E and H combined</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><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><td></td></tr><tr><td>Distribution by classes of investors and types of issues</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><td>58</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury</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><td>58</td></tr><tr><td>Estimated ownership</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><td>59</td></tr><tr><td>Treasury survey of ownership of Federal securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Ownership by banks, insurance companies, and others</td><td>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><td>60</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>56</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>58</td><td>...</td><td>...</td></tr><tr><td>Market quotations:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End-of-month closing quotations on Treasury securities by issues</td><td>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><td>68</td></tr><tr><td>Chart - Yields of Treasury securities</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><td>70</td></tr><tr><td>Average yields of long-term bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by periods</td><td>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><td>71</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds</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><td>72</td></tr><tr><td>Internal revenue collections:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by principal sources</td><td>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><td>73</td></tr><tr><td>Chart - Internal revenue collections by principal sources</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><td>74</td></tr><tr><td>Summary by States, calendar year 1960</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><td>...</td></tr><tr><td>Detail of excise tax collections</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><td>...</td></tr><tr><td>Monetary statistics:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Money in circulation</td><td>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><td>...</td></tr><tr><td>Monetary stocks of gold and silver</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><td>...</td></tr><tr><td>Gold assets and liabilities of the Treasury</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><td>...</td></tr><tr><td>Components of silver monetary stock</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><td>...</td></tr><tr><td>Seigniorage</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><td>78</td></tr><tr><td>Increment from reduction in weight of gold dollar (latest date September 30, 1961)</td><td>...</td><td>...</td><td>73</td><td>...</td><td>73</td><td>...</td><td>...</td><td>75</td><td>...</td><td>...</td><td>...</td><td>78</td></tr><tr><td>Exchange Stabilization Fund (latest date June 30, 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><td></td></tr><tr><td>Balance sheet</td><td>...</td><td>...</td><td>74</td><td>...</td><td>74</td><td>...</td><td>...</td><td>76</td><td>...</td><td>...</td><td>79</td><td>...</td></tr><tr><td>Foreign exchange transactions</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>79</td><td>...</td></tr><tr><td>U.S. stabilization agreements</td><td>...</td><td>...</td><td>75</td><td>...</td><td>75</td><td>...</td><td>...</td><td>77</td><td>...</td><td>...</td><td>80</td><td>...</td></tr><tr><td>Income and expense</td><td>...</td><td>...</td><td>75</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>80</td><td>...</td></tr><tr><td>National bank reports:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>69</td><td>...</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>81</td></tr><tr><td>Capital movements between the United States and foreign countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by periods since 1935</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><td>82</td></tr><tr><td>Summary by countries and periods</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><td>85</td></tr><tr><td>Short-term banking liabilities to foreigners, latest month</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><td>89</td></tr><tr><td>Short-term banking claims on foreigners, latest month</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><td>90</td></tr><tr><td>Purchases and sales of long-term securities by foreigners, latest month</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><td>91</td></tr><tr><td>Short-term liabilities and claims reported by nonfinancial concerns</td><td>...</td><td>77</td><td>...</td><td>82</td><td>77</td><td>...</td><td>80</td><td>80</td><td>...</td><td>86</td><td>...</td><td>...</td></tr><tr><td>Long-term liabilities and claims reported by banks and bankers</td><td>79</td><td>...</td><td>...</td><td>82</td><td>...</td><td>...</td><td>80</td><td>80</td><td>...</td><td>86</td><td>...</td><td>...</td></tr><tr><td>Estimated gold and short-term dollar resources of foreign countries and international institutions</td><td>80</td><td>...</td><td>84</td><td>...</td><td>81</td><td>...</td><td>87</td><td>...</td><td>88</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Foreign credit and debit balances in brokerage accounts</td><td>...</td><td>...</td><td>86</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Short-term liabilities, countries and areas not regularly reported</td><td>...</td><td>...</td><td>87</td><td>...</td><td>...</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>86</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Corporations and certain other business-type activities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Statements of financial condition (latest date March 31, 1961)</td><td>84</td><td>...</td><td>88</td><td>79</td><td>...</td><td>83</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Income and expense (latest date December 31, 1960)</td><td>...</td><td>79</td><td>...</td><td>88</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr><tr><td>Source and application of funds (latest date December 31, 1960)</td><td>...</td><td>98</td><td>...</td><td>108</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td><td>...</td></tr></table>
GPO-920982
U.S. TREASURY LIBRARY
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