LIBRARY
DEC 19 1963
TREASURY DEPARTMENT
LIBRARY ROOM 5030
JUN 23 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25, D.C.
POSTAGE AND FEES U.S. TREASURY DEPAR
OFFICIAL BUSINESS
TREASURY
BULLETIN
DECEMBER-1962
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
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Table of Contents
Page
Treasury financing operations A-1
Summary of Federal fiscal operations 1
Budget receipts and expenditures 2
Trust account and other transactions 12
Cash income and outgo 17
Account of the Treasurer of the United States 25
Debt outstanding 27
Statutory debt limitation 32
Public debt operations 33
United States savings bonds 57
Ownership of Federal securities 61
Treasury survey of ownership of Federal securities 63
Market quotations on Treasury securities 67
Average yields of long-term bonds 70
Monetary statistics 72
International financial statistics 76
Capital movements 77
Corporations and certain other business-type activities - income and expense, and source and application of funds 89
Cumulative table of contents 134
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, Expend-
itures 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
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
III
December 1962
Reporting Bases - (Continued)
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 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 han-
died through commercial bank accounts, consisting of market transactions in public debt and guaranteed securities, were as reported by the agencies. Interest on the public debt was included on a due and payable basis beginning with November 1949 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the Treasurer's account which affect monetary stocks of gold and silver and the amounts of coin and currency in the money supply of the country. It is issued later than the daily statement, however, and the figures are based on transactions consummated during the reporting period even though some may not have cleared the Treasurer's account during that period.
Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown
December 1962
A-1
Treasury Financing Operations
Exchanges of F and G Savings Bonds for Marketable Bonds
Holders of the $458 million of outstanding Series F and G savings bonds maturing from January 1, 1963, through April 1, 1964, exchanged $74 million for the marketable Treasury bonds offered in November, according to a preliminary report on December 7, 1962. Exchanges for the 3-7/8 percent Treasury bonds of 1971 totaled $40 million and for the 4 percent Treasury bonds of 1980, $34 million. Both marketable bonds were issued at 99.50. Series F bonds exchanged amounted to $7 million and Series G bonds, to $67 million. Exchanges were made on the basis of equal face amounts and were allotted in full. The new marketable bonds are additional to the $1,204 million outstanding of the 3-7/8 percent bonds maturing November 15, 1971, and to the $1,446 million outstanding of the 4 percent bonds maturing February 15, 1980. The decision to include the F and G bonds maturing in 1964, in the offer of exchange at this time, rather than limiting it, as in the past, to those
In this offering, the exchange values of the savings bonds were higher than their current redemption values and were set to provide an investment yield of approximately one percent per annum more than otherwise would accrue from December 15, 1962 to the maturity dates of the savings bonds. The exchange provides an investment yield of approximately 3.94 percent per annum on the 3-7/8 percent bonds and approximately 4.04 percent per annum on the 4 percent bonds from the maturity dates of the F and G bonds exchanged to the respective maturity dates of the marketable bonds.
All subscribers were charged accrued interest from November 15 to December 15, 1962 on the 3-7/8 percent bonds, and from August 15 to December 15, 1962 on the 4 percent bonds; they also were charged or credited for differences between the offering price of the new bonds and the exchange values of the F and G bonds. Exchange values of the savings bonds, the differences between those values and the offering
Exchange values of F bonds and interest adjustments in exchange for 3-7/8 percent Treasury bonds of 1971
<table><tr><th>F bonds maturing on the first day of -</th><th>Exchange values of F bonds per $100 (face amount)</th><th>Credit, or charge (-), for differences between $99.50 (offering price per $100 of the 3-7/8% bonds) and exchange values of F bonds</th><th>Interest Nov. 15 to Dec. 15, 1962 charged on the 3-7/8% bonds per $100 (face amount) of F bonds</th><th>Total amounts paid to, or collected from (-), subscribers per $100 (face amount) of F bonds accepted 1/</th><th>Interest accruing per $100 on the 3-7/8% bonds from Nov. 15, 1962 to maturity dates of F bonds in 1963 and 1964 2/</th></tr><tr><td>1963</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>$99.88</td><td>$0.38</td><td>-$0.32</td><td>$0.06</td><td>$0.50</td></tr><tr><td>February</td><td>99.64</td><td>0.14</td><td>-0.32</td><td>-0.18</td><td>0.83</td></tr><tr><td>March</td><td>99.40</td><td>-0.10</td><td>-0.32</td><td>-0.42</td><td>1.13</td></tr><tr><td>April</td><td>99.16</td><td>-0.34</td><td>-0.32</td><td>-0.66</td><td>1.47</td></tr><tr><td>May</td><td>98.92</td><td>-0.58</td><td>-0.32</td><td>-0.90</td><td>1.79</td></tr><tr><td>June</td><td>98.68</td><td>-0.82</td><td>-0.32</td><td>-1.14</td><td>2.12</td></tr><tr><td>July</td><td>98.44</td><td>-1.06</td><td>-0.32</td><td>-1.38</td><td>2.43</td></tr><tr><td>August</td><td>98.20</td><td>-1.30</td><td>-0.32</td><td>-1.62</td><td>2.76</td></tr><tr><td>September</td><td>97.96</td><td>-1.54</td><td>-0.32</td><td>-1.86</td><td>3.09</td></tr><tr><td>October</td><td>97.72</td><td>-1.78</td><td>-0.32</td><td>-2.10</td><td>3.40</td></tr><tr><td>November</td><td>97.48</td><td>-2.02</td><td>-0.32</td><td>-2.34</td><td>3.73</td></tr><tr><td>December</td><td>97.24</td><td>-2.26</td><td>-0.32</td><td>-2.58</td><td>4.05</td></tr><tr><td>1964</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>97.00</td><td>-2.50</td><td>-0.32</td><td>-2.82</td><td>4.38</td></tr><tr><td>February</td><td>96.76</td><td>-2.74</td><td>-0.32</td><td>-3.06</td><td>4.71</td></tr><tr><td>March</td><td>96.52</td><td>-2.98</td><td>-0.32</td><td>-3.30</td><td>5.01</td></tr><tr><td>April</td><td>96.28</td><td>-3.22</td><td>-0.32</td><td>-3.54</td><td>5.34</td></tr></table>
In addition, for each $100, or multiple or fraction thereof, between the face amount of Series F bonds submitted and the face amount of bonds subscribed (to next higher multiple of $500) the subscriber had to pay $99.82 ($99.50 issue price plus $0.32 accrued interest).
2/ Including $0.32 per $100 paid by subscriber as accrued interest from November 15, 1962, to December 15, 1962.
maturity in the approaching calendar year, was based largely on the fact that only about $100 million mature after the end of 1963. Issuance of F and G bonds was discontinued in 1952 and the latest maturity date of any is April 1, 1964. In the three years immediately preceding when exchange offerings were made, the option of a longer-term security was not given.
price of the marketable bonds, the interest adjustments, and total amounts paid to or collected from holders of the F and G bonds per $100 (face amount) are shown in the four accompanying tables.
The Treasury bonds of 1971 and of 1980 were issued in bearer form with interest coupons attached, and bonds regis-
A-2
Treasury Bulletin
Treasury Financing Operations - (Continued)
Holders of F and G bonds aggregating less than an even multiple of $500 maturity value could exchange them for the next higher multiple of $500 upon payment in cash of the difference.
Any qualified depository was permitted to make payment by credit in its Treasury tax and loan account for any cash payments authorized or required to be made for bonds allotted to it for itself and its customers up to any amount for which it was qualified in excess of existing deposits.
Exchange values of F bonds and interest adjustments in exchange for 4 percent Treasury bonds of 1980
<table><tr><th>F bonds maturing on the first day of -</th><th>Exchange values of F bonds per $100 (face amount)</th><th>Credit, or charge (-), for difference between $99.50 (offering price per $100 of the 4% bonds) and exchange values of F bonds</th><th>Interest Aug. 15 to Dec. 15, 1962 charged on the 4% bonds per $100 (face amount) of F bonds</th><th>Total amounts collected from subscribers per $100 (face amount of F bonds accepted 1/</th><th>Interest accruing per $100 on the 4% bonds from Aug. 15, 1962 to maturity dates of F bonds in 1963 and 1964 2/</th></tr><tr><td>1963</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>$99.88</td><td>$0.38</td><td>-$1.33</td><td>-$0.95</td><td>$1.51</td></tr><tr><td>February</td><td>99.64</td><td>0.14</td><td>-1.33</td><td>-1.19</td><td>1.85</td></tr><tr><td>March</td><td>99.40</td><td>-0.10</td><td>-1.33</td><td>-1.43</td><td>2.15</td></tr><tr><td>April</td><td>99.16</td><td>-0.34</td><td>-1.33</td><td>-1.67</td><td>2.50</td></tr><tr><td>May</td><td>98.92</td><td>-0.58</td><td>-1.33</td><td>-1.91</td><td>2.83</td></tr><tr><td>June</td><td>98.68</td><td>-0.82</td><td>-1.33</td><td>-2.15</td><td>3.17</td></tr><tr><td>July</td><td>98.44</td><td>-1.06</td><td>-1.33</td><td>-2.39</td><td>3.50</td></tr><tr><td>August</td><td>98.20</td><td>-1.30</td><td>-1.33</td><td>-2.63</td><td>3.85</td></tr><tr><td>September</td><td>97.96</td><td>-1.54</td><td>-1.33</td><td>-2.87</td><td>4.18</td></tr><tr><td>October</td><td>97.72</td><td>-1.78</td><td>-1.33</td><td>-3.11</td><td>4.51</td></tr><tr><td>November</td><td>97.48</td><td>-2.02</td><td>-1.33</td><td>-3.35</td><td>4.85</td></tr><tr><td>December</td><td>97.24</td><td>-2.26</td><td>-1.33</td><td>-3.59</td><td>5.17</td></tr><tr><td>1964</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>97.00</td><td>-2.50</td><td>-1.33</td><td>-3.83</td><td>5.51</td></tr><tr><td>February</td><td>96.76</td><td>-2.74</td><td>-1.33</td><td>-4.07</td><td>5.85</td></tr><tr><td>March</td><td>96.52</td><td>-2.98</td><td>-1.33</td><td>-4.31</td><td>6.16</td></tr><tr><td>April</td><td>96.28</td><td>-3.22</td><td>-1.33</td><td>-4.55</td><td>6.51</td></tr></table>
1/ In addition, for each $100, or multiple or fraction thereof, between the face amount of Series F bonds submitted and the face amount of bonds subscribed (to next higher multiple of $500) the subscriber had to pay $100.83 ($99.50 issue price plus $1.33 accrued interest).
2/ Including $1.33 per $100 paid by subscriber as accrued interest from August 15, 1962, to December 15, 1962.
December 1962
A-3
Treasury Financing Operations - (Continued)
Exchange values of G bonds and interest adjustments in exchange for 3-7/8 percent Treasury bonds of 1971
<table><tr><th>G bonds maturing on the first day of -</th><th>Exchange values of G bonds per $100 (face amount)</th><th>Credit, or charge (-), for differences between $99.50 (offering price per $100 of the 3-7/8% bonds) and exchange values of G bonds</th><th>Interest credited on G bonds per $100 (face amount)</th><th>Interest Nov. 15 to Dec. 15, 1962 charged on the 3-7/8% bonds per $100 (face amount) of G bonds</th><th>Total amounts paid to, or collected from (-), subscribers per $100 (face amount) of G bonds accepted 1/</th><th>Interest accruing per $100 on the 3-7/8% bonds from Nov. 15, 1962 to maturity dates of G bonds in 1963 and 1964 2/</th></tr><tr><td>1963</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>$99.98</td><td>$0.48</td><td>$1.15</td><td>-0.32</td><td>$1.31</td><td>$0.50</td></tr><tr><td>February</td><td>99.94</td><td>0.44</td><td>0.94</td><td>-0.32</td><td>1.06</td><td>0.83</td></tr><tr><td>March</td><td>99.90</td><td>0.40</td><td>0.73</td><td>-0.32</td><td>0.81</td><td>1.13</td></tr><tr><td>April</td><td>99.87</td><td>0.37</td><td>0.52</td><td>-0.32</td><td>0.57</td><td>1.47</td></tr><tr><td>May</td><td>99.83</td><td>0.33</td><td>0.31</td><td>-0.32</td><td>0.32</td><td>1.79</td></tr><tr><td>June</td><td>99.80</td><td>0.30</td><td>0.10</td><td>-0.32</td><td>0.08</td><td>2.12</td></tr><tr><td>July</td><td>99.77</td><td>0.27</td><td>2/</td><td>-0.32</td><td>-0.15</td><td>2.43</td></tr><tr><td>August</td><td>99.73</td><td>0.23</td><td>0.94</td><td>-0.32</td><td>0.85</td><td>2.76</td></tr><tr><td>September</td><td>99.69</td><td>0.19</td><td>0.73</td><td>-0.32</td><td>0.60</td><td>3.09</td></tr><tr><td>October</td><td>99.65</td><td>0.15</td><td>0.52</td><td>-0.32</td><td>0.35</td><td>3.40</td></tr><tr><td>November</td><td>99.62</td><td>0.12</td><td>0.31</td><td>-0.32</td><td>0.11</td><td>3.73</td></tr><tr><td>December</td><td>99.59</td><td>0.09</td><td>0.10</td><td>-0.32</td><td>-0.13</td><td>4.05</td></tr><tr><td>1964</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January</td><td>99.56</td><td>0.06</td><td>2/</td><td>-0.32</td><td>-0.36</td><td>4.38</td></tr><tr><td>February</td><td>99.52</td><td>0.02</td><td>0.94</td><td>-0.32</td><td>0.64</td><td>4.71</td></tr><tr><td>March</td><td>99.49</td><td>-0.01</td><td>0.73</td><td>-0.32</td><td>0.40</td><td>5.01</td></tr><tr><td>April</td><td>99.45</td><td>-0.05</td><td>0.52</td><td>-0.32</td><td>0.15</td><td>5.34</td></tr></table>
1/ In addition, for each $100, or multiple thereof, between the face amount of Series G bonds submitted and the face amount of bonds subscribed (to next higher multiple of $500) the subscriber had to pay $99.82 ($99.50 issue price plus $0.32 accrued interest).
2/ Including $0.32 per $100 paid by subscriber as accrued interest from November 15, 1962, to December 15, 1962.
2/ Interest paid to January 1, 1963, on bonds maturing July 1, 1963, and January 1, 1964, in regular course on January 1, 1963, by checks mailed by the Treasury Department. As these checks include unearned interest for the period from December 15, 1962, to January 1, 1963, each subscriber tendering these bonds was required to make an interest refund of $0.10 per $100 (face amount). The amounts of $0.15 and $0.36 in the next to last column include such refunds.
A-4
Treasury Bulletin
Treasury Financing Operations - (Continued)
Exchange values of G bonds and interest adjustments in exchange for 4 percent Treasury bonds of 1980
<table><tr><th>G bonds maturing on the first day of -</th><th>Exchange values of G bonds per $100 (face amount)</th><th>Credit, or charge (-), for differences between $99.50 (offering price per $100 of the 4% bonds) and exchange values of G bonds</th><th>Interest credited on G bonds per $100 (face amount)</th><th>Interest August 15 to Dec. 15, 1962 charged on the 4% bonds per $100 (face amount) of G bonds</th><th>Total amounts paid to, or collected from (-), subscribers per $100 (face amount) of G bonds accepted 1/</th><th>Interest accruing per $100 on the 4% bonds from Aug. 15, 1962 to maturity dates of G bonds in 1963 and 1964 2/</th></tr><tr><td>1963</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January.....</td><td>$99.98</td><td>$0.48</td><td>$1.15</td><td>-$1.33</td><td>$0.30</td><td>$1.51</td></tr><tr><td>February.....</td><td>99.94</td><td>0.44</td><td>0.94</td><td>-1.33</td><td>0.05</td><td>1.85</td></tr><tr><td>March.....</td><td>99.90</td><td>0.40</td><td>0.73</td><td>-1.33</td><td>-0.20</td><td>2.15</td></tr><tr><td>April.....</td><td>99.87</td><td>0.37</td><td>0.52</td><td>-1.33</td><td>-0.44</td><td>2.50</td></tr><tr><td>May.....</td><td>99.83</td><td>0.33</td><td>0.31</td><td>-1.33</td><td>-0.69</td><td>2.83</td></tr><tr><td>June.....</td><td>99.80</td><td>0.30</td><td>0.10</td><td>-1.33</td><td>-0.93</td><td>3.17</td></tr><tr><td>July.....</td><td>99.77</td><td>0.27</td><td>3/</td><td>-1.33</td><td>-1.16</td><td>3.50</td></tr><tr><td>August.....</td><td>99.73</td><td>0.23</td><td>0.94</td><td>-1.33</td><td>-0.16</td><td>3.85</td></tr><tr><td>September.....</td><td>99.69</td><td>0.19</td><td>0.73</td><td>-1.33</td><td>-0.41</td><td>4.18</td></tr><tr><td>October.....</td><td>99.65</td><td>0.15</td><td>0.52</td><td>-1.33</td><td>-0.66</td><td>4.51</td></tr><tr><td>November.....</td><td>99.62</td><td>0.12</td><td>0.31</td><td>-1.33</td><td>-0.90</td><td>4.85</td></tr><tr><td>December.....</td><td>99.59</td><td>0.09</td><td>0.10</td><td>-1.33</td><td>-1.14</td><td>5.17</td></tr><tr><td>1964</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January.....</td><td>99.56</td><td>0.06</td><td>3/</td><td>-1.33</td><td>-1.37</td><td>5.51</td></tr><tr><td>February.....</td><td>99.52</td><td>0.02</td><td>0.94</td><td>-1.33</td><td>-0.37</td><td>5.85</td></tr><tr><td>March.....</td><td>99.49</td><td>-0.01</td><td>0.73</td><td>-1.33</td><td>-0.61</td><td>6.16</td></tr><tr><td>April.....</td><td>99.45</td><td>-0.05</td><td>0.52</td><td>-1.33</td><td>-0.86</td><td>6.51</td></tr></table>
In addition, for each $100, or multiple thereof, between the face amount of Series G bonds submitted and the face amount of bonds subscribed (to next higher multiple of $500) the subscriber had to pay $100.83 ($99.50 issue price plus $1.33 accrued interest).
2/ Including $1.33 per $100 paid by subscriber as accrued interest from August 15, 1962, to December 15, 1962.
3/ Interest paid to January 1, 1963, on bonds maturing July 1, 1963, and January 1, 1964, in regular course on January 1, 1963, by checks mailed by the Treasury Department. As these checks include unearned interest for the period from December 15, 1962, to January 1, 1963, each subscriber tendering these bonds was required to make an interest refund of $0.10 per $100 (face amount). The amounts of $.1.16 and $.1.37 in the next to last column include such refunds.
A-5
December 1962
Treasury Financing Operations - (Continued)
Weekly Bills Again Increased
New issues of weekly Treasury bills in November aggregated $11.2 billion. They consisted of $10.2 billion issued weekly, which refunded $9.5 billion maturing and provided $0.7 billion of "new money," and also the $1 billion strip of additional $100 million amounts of ten series of outstanding bills maturing weekly from January 17 through March 21, 1963, which was auctioned for cash on November 7. In fiscal 1963 through November, by increasing the amounts of weekly bills the Treasury has raised $4.1 billion of new cash.
The terms of the $10.2 billion of bills were as follows. Of the five issues of 13-week bills, for $1.3 billion each, all have 91-day maturities except that issued November 23, which was for 90 days. The first three 26-week issues were for $0.7 billion each, with 182-day maturities; the issues for November 23 and 29 were for $0.8 billion each, the former for 181 days, and the latter for 183 days. Average rates of discount on these bills are shown in the following table.
<table><tr><th colspan="2">13-week (Additional amount of bills of original maturity of 26 weeks)</th><th colspan="2">26-week</th></tr><tr><th>Date of -- Additional Issue</th><th>Original Issue</th><th>Approximate equivalent annual average rate 1/</th><th>Date of issue</th><th>Approximate equivalent annual average rate 1/</th></tr><tr><td>1962 Nov. 1 8 15 23 29</td><td>1962 Aug. 2 9 16 23 30</td><td>2.686 2.841 2.801 2.833 2.853</td><td>1962 Nov. 1 8 15 23 29</td><td>2.775 2.927 2.846 2.892 2.936</td></tr></table>
1/ Bank discount basis.
Treasury Bonds and Certificates, Foreign Currency Series
In November the Treasury continued its foreign currency borrowing and refunding operations in Italian lire and Swiss francs.
Of the $125 million dollar equivalent of 2.85 percent 3-month Italian lire certificates of indebtedness outstanding on October 31, 1962, $75 million were refunded on November 7 into 15-month bonds to mature February 7, 1964. An additional $50 million in Italian lire bonds was borrowed on November 30, 1962, to mature February 28, 1964. Both issues bear interest at the rate of 3 percent per annum.
The remaining 3-month certificates of indebtedness in Italian lire outstanding in the amount of $50 million at the close of November and maturing December 7 also were to be converted into 15-month bonds. Thus, at the end of November there were outstanding approximately $200 million of the Treasury foreign currency securities denominated in Italian lire.
In commenting on the new $50 million borrowing operation the Treasury stated,
Italy has recently undertaken reforms in its money and capital markets and is now issuing Treasury bills at auction on a regular monthly basis. These developments, representing a step in the direction of more active European money and capital markets, are welcomed by the United States.
"These institutional changes, however, have created a need for additional domestic liquidity in Italy which has been partially met by commercial bank sales of dollars to the Italian Exchange Office. The additional $50 million lire borrowing serves to absorb part of the increase in Italian official reserves in anticipation of an eventual reversal of the flow."
The Treasury also borrowed the approximate equivalent of $28 million in 16-month bonds denominated in Swiss francs. They were issued November 8, 1962, to mature March 9, 1964, at the interest rate of 2.75 per annum. With the $23 million of bonds issued October 18, which mature January 20, 1964, there were $51 million of Treasury bonds denominated in Swiss francs outstanding at the end of November. Including the outstanding $143 million of 5- and 8-month certificates of indebtedness issued in October, $98 million of securities denominated in Swiss francs were outstanding on November 30.
Note: Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the tables on public debt operations.
December 1962
1
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
<table><tr><th>Period</th><th colspan="3">Budget receipts and expenditures</th><th>Net of trust account and other transactions</th><th>Clearing account, etc.</th><th>Net increase in public debt, or decrease (-)</th><th>Net increase in Treasurer's account balances, or decrease (-)</th><th colspan="4">Levels, end of period</th></tr><tr><th></th><th>Net receipts 1/</th><th>Expenditures 1/</th><th>Surplus, or deficit (-)</th><th>2/</th><th>2/</th><th></th><th></th><th>Treasurer's account balance</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>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>60,820</td><td>64,389</td><td>4,180</td><td>231</td><td>284</td><td>3,115</td><td>-551</td><td>6,216</td><td>274,374</td><td>44</td><td>274,418</td><td>273,915</td></tr><tr><td>1956</td><td>67,850</td><td>66,224</td><td>1,626</td><td>-194</td><td>522</td><td>-1,623</td><td>331</td><td>6,546</td><td>272,751</td><td>74</td><td>272,825</td><td>272,361</td></tr><tr><td>1957</td><td>70,562</td><td>68,196</td><td>1,933</td><td>633</td><td>520</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>-350</td><td>522</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>507</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>288,331</td><td>140</td><td>288,471</td><td>286,063</td></tr><tr><td>1961</td><td>77,659</td><td>81,515</td><td>-3,856</td><td>-602</td><td>507</td><td>2,640</td><td>-1,311</td><td>6,694</td><td>289,971</td><td>240</td><td>289,211</td><td>289,862</td></tr><tr><td>1962</td><td>81,409</td><td>87,787</td><td>-6,378</td><td>436</td><td>448</td><td>9,230</td><td>3,736</td><td>10,430</td><td>298,201</td><td>444</td><td>298,645</td><td>298,212</td></tr><tr><td>1963 (Est.)</td><td>85,900</td><td>93,687</td><td>-7,787</td><td>n.a.</td><td>178</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>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>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>2,771</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>70,947</td><td>-5,194</td><td>141</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>4,945</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>282,322</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>1961</td><td>78,157</td><td>84,463</td><td>-6,306</td><td>234</td><td>204</td><td>5,952</td><td>83</td><td>6,494</td><td>296,169</td><td>330</td><td>296,499</td><td>296,061</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>1961-Jan.</td><td>4,846</td><td>6,470</td><td>-1,624</td><td>-185</td><td>408</td><td>1,181</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>290,344</td><td>196</td><td>290,740</td><td>290,345</td></tr><tr><td>Mar.</td><td>8,524</td><td>7,012</td><td>1,512</td><td>-629</td><td>692</td><td>-3,072</td><td>-1,498</td><td>4,794</td><td>287,471</td><td>211</td><td>287,682</td><td>287,284</td></tr><tr><td>Apr.</td><td>5,125</td><td>6,450</td><td>-1,325</td><td>24</td><td>25</td><td>516</td><td>-761</td><td>4,034</td><td>287,987</td><td>219</td><td>288,206</td><td>287,809</td></tr><tr><td>May.</td><td>6,457</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.</td><td>10,931</td><td>7,961</td><td>2,970</td><td>-14</td><td>-149</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><tr><td>Nov.</td><td>6,424</td><td>7,485</td><td>-1,060</td><td>317</td><td>-543</td><td>1,350</td><td>63</td><td>6,261</td><td>297,011</td><td>315</td><td>297,325</td><td>296,886</td></tr><tr><td>Dec.</td><td>7,967</td><td>7,160</td><td>807</td><td>258</td><td>10</td><td>-842</td><td>234</td><td>6,494</td><td>296,169</td><td>330</td><td>296,499</td><td>296,061</td></tr><tr><td>1962-Jan.</td><td>5,357</td><td>7,395</td><td>-2,038</td><td>-152</td><td>333</td><td>345</td><td>-1,513</td><td>4,981</td><td>296,513</td><td>347</td><td>296,860</td><td>296,422</td></tr><tr><td>Feb.</td><td>6,729</td><td>6,858</td><td>-129</td><td>381</td><td>-78</td><td>470</td><td>644</td><td>5,626</td><td>296,983</td><td>371</td><td>297,354</td><td>296,917</td></tr><tr><td>Mar.</td><td>9,104</td><td>7,749</td><td>1,356</td><td>-145</td><td>978</td><td>-896</td><td>1,293</td><td>6,919</td><td>296,088</td><td>402</td><td>296,489</td><td>296,034</td></tr><tr><td>Apr.</td><td>5,754</td><td>7,289</td><td>-1,535</td><td>132</td><td>-384</td><td>864</td><td>-924</td><td>5,995</td><td>296,952</td><td>405</td><td>297,357</td><td>296,652</td></tr><tr><td>May.</td><td>7,024</td><td>7,229</td><td>-205</td><td>258</td><td>-130</td><td>2,222</td><td>2,145</td><td>8,141</td><td>299,174</td><td>430</td><td>299,604</td><td>299,177</td></tr><tr><td>June.</td><td>11,615</td><td>8,102</td><td>3,513</td><td>-317</td><td>67</td><td>-973</td><td>2,290</td><td>10,430</td><td>298,201</td><td>444</td><td>298,645</td><td>298,212</td></tr><tr><td>July.</td><td>3,566</td><td>7,252</td><td>-3,686</td><td>208</td><td>-248</td><td>-325</td><td>-4,051</td><td>6,380</td><td>297,876</td><td>448</td><td>298,324</td><td>297,891</td></tr><tr><td>Aug.</td><td>7,089</td><td>8,541</td><td>-1,452</td><td>-59</td><td>-304</td><td>3,966</td><td>2,151</td><td>8,530</td><td>301,842</td><td>470</td><td>302,312</td><td>301,938</td></tr><tr><td>Sept.</td><td>10,053</td><td>7,327</td><td>2,727</td><td>-126</td><td>481</td><td>-2,344</td><td>738</td><td>9,268</td><td>299,498</td><td>487</td><td>299,986</td><td>299,612</td></tr><tr><td>Oct.</td><td>3,030</td><td>8,524</td><td>-5,494</td><td>-15</td><td>189</td><td>2,569</td><td>-2,750</td><td>6,518</td><td>302,067</td><td>486</td><td>302,553</td><td>302,181</td></tr><tr><td>Nov.</td><td>7,027</td><td>8,070</td><td>-1,042</td><td>106</td><td>-1,796</td><td>3,323</td><td>591</td><td>7,109</td><td>305,390</td><td>503</td><td>305,893</td><td>305,521</td></tr><tr><td>1963 to date.</td><td>30,766</td><td>39,714</td><td>-8,948</td><td>115</td><td>-1,677</td><td>7,189</td><td>-3,322</td><td>7,109</td><td>305,390</td><td>503</td><td>305,893</td><td>305,521</td></tr></table>
Source: Actual figures through the fiscal year 1952 and the calendar year 1953 are from the daily Treasury statement, and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the 1963 Budget Review, released November 13, 1962, including effects of proposed legislation. More detail for data on this page will be found in the table.
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 12-16.
3 For checks outstanding and telegraphic reports from Federal Reserve Banks; public debt interest accrued and unpaid beginning with June and the fiscal year 1955 (previously included from November 1949 as
interest checks and coupons outstanding); also deposits in transit and changes in cash held outside the Treasury and in certain other accounts beginning with the fiscal year 1954. Net increase, or decrease (-). For current month detail and list of acts, see section on "Statutory Debt Limitation" in each issue of the Bulletin. The limitations in effect during the period covered by this table and the date when each became effective are as follows: $275 billion, on June 26, 1946; $281 billion, on August 28, 1954; $278 billion, on July 1, 1956; $275 billion, on July 1, 1957; $280 billion, on February 26, 1958; $288 billion, on September 2, 1958; $290 billion, on June 30, 1959; $295 billion, on July 1, 1959; $293 billion, on July 1, 1960; $298 billion, on July 1, 1961; and $300 billion on March 13, 1962. The limit is $308 billion from July 1, 1962, through March 31, 1963; $305 billion from April 1 through June 24, 1963, and $300 billion from June 25 through June 30, 1963. Not available.
2
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Income taxes</th><th colspan="5">Internal revenue</th><th rowspan="2">Estate and gift taxes</th><th rowspan="2">Excise taxes $</th><th rowspan="2">Taxes not otherwise classified</th><th rowspan="2">Total internal revenue</th><th rowspan="2">Customs</th><th rowspan="2">Miscellaneous receipts</th></tr><tr><th>Corporation</th><th>Not withheld 1/</th><th>Individual withheld 1/</th><th>Total income taxes</th><th>For old-age and disability insurance 1/ 2/</th><th>For railroad retirement 2/</th><th>For unemployment insurance 4/</th><th>Total employment taxes</th></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><td>2,559</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><td>3,006</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</td><td>15</td><td>80,172</td><td>754</td><td>2,749</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><td>3,196</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><td>3,158</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><td>4,064</td></tr><tr><td>1961</td><td>21,765</td><td>13,175</td><td>32,978</td><td>67,918</td><td>11,586</td><td>571</td><td>345</td><td>12,502</td><td>1,916</td><td>12,064</td><td>-</td><td>94,401</td><td>1,008</td><td>4,082</td></tr><tr><td>1962</td><td>21,296</td><td>14,403</td><td>36,246</td><td>71,945</td><td>11,686</td><td>564</td><td>458</td><td>12,708</td><td>2,035</td><td>12,752</td><td>-</td><td>99,441</td><td>1,171</td><td>3,206</td></tr><tr><td>1963 (Est.)</td><td>22,000</td><td>14,300</td><td>38,500</td><td>74,800</td><td>13,496</td><td>580</td><td>945</td><td>15,021</td><td>2,058</td><td>13,240</td><td>-</td><td>105,119</td><td>1,270</td><td>4,707</td></tr><tr><td>1962-Jan.</td><td>466</td><td>2,325</td><td>1,245</td><td>4,336</td><td>294</td><td>11</td><td>48</td><td>353</td><td>132</td><td>1,009</td><td>-</td><td>5,591</td><td>100</td><td>269</td></tr><tr><td>Feb.</td><td>400</td><td>786</td><td>5,124</td><td>6,310</td><td>1,620</td><td>81</td><td>379</td><td>2,080</td><td>133</td><td>967</td><td>-</td><td>9,489</td><td>85</td><td>198</td></tr><tr><td>Mar.</td><td>5,879</td><td>832</td><td>2,896</td><td>9,607</td><td>1,119</td><td>50</td><td>19</td><td>1,188</td><td>155</td><td>1,140</td><td>-</td><td>12,089</td><td>104</td><td>161</td></tr><tr><td>Apr.</td><td>445</td><td>4,330</td><td>1,017</td><td>5,793</td><td>729</td><td>13</td><td>3</td><td>745</td><td>313</td><td>959</td><td>-</td><td>7,810</td><td>99</td><td>243</td></tr><tr><td>May.</td><td>469</td><td>955</td><td>5,287</td><td>6,712</td><td>2,181</td><td>82</td><td>3</td><td>2,266</td><td>203</td><td>1,157</td><td>-</td><td>10,338</td><td>104</td><td>216</td></tr><tr><td>June.</td><td>5,377</td><td>1,985</td><td>3,024</td><td>10,387</td><td>1,001</td><td>51</td><td>1</td><td>1,054</td><td>166</td><td>1,126</td><td>-</td><td>12,732</td><td>100</td><td>514</td></tr><tr><td>July.</td><td>525</td><td>299</td><td>1,199</td><td>2,022</td><td>436</td><td>12</td><td>1</td><td>450</td><td>175</td><td>1,106</td><td>-</td><td>3,752</td><td>103</td><td>685</td></tr><tr><td>Aug.</td><td>431</td><td>169</td><td>5,298</td><td>5,898</td><td>1,699</td><td>86</td><td>1</td><td>1,786</td><td>166</td><td>1,188</td><td>-</td><td>9,039</td><td>107</td><td>300</td></tr><tr><td>Sept.</td><td>3,533</td><td>2,092</td><td>2,980</td><td>8,605</td><td>911</td><td>50</td><td>1</td><td>962</td><td>124</td><td>1,103</td><td>-</td><td>10,794</td><td>102</td><td>517</td></tr><tr><td>Oct.</td><td>460</td><td>235</td><td>1,156</td><td>1,851</td><td>536</td><td>14</td><td>1</td><td>551</td><td>178</td><td>1,150</td><td>-</td><td>3,731</td><td>120</td><td>218</td></tr><tr><td>Nov.</td><td>412</td><td>117</td><td>5,195</td><td>5,723</td><td>1,129</td><td>77</td><td>1</td><td>1,208</td><td>139</td><td>1,125</td><td>-</td><td>8,195</td><td>114</td><td>225</td></tr><tr><td>1963 to date</td><td>5,360</td><td>2,912</td><td>15,827</td><td>24,100</td><td>4,711</td><td>240</td><td>5</td><td>4,956</td><td>783</td><td>5,672</td><td>-</td><td>35,511</td><td>545</td><td>1,944</td></tr></table>
<table><tr><th>Fiscal year or month</th><th>Total budget receipts</th><th colspan="3">Less: Refunds of receipts 7/</th><th>Total refunds</th><th colspan="5">Less: Transfers of tax receipts to -</th><th>Budget receipts net of refunds and transfers to trust accounts</th><th>Less: Inter-fund transactions 13/</th><th>Net budget receipts 14/</th></tr><tr><th></th><th></th><th>Internal Revenue applicable to Budget accounts</th><th>Trust accounts</th><th>Customs</th><th>Other</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>High-way Trust Fund 12/</th><th></th><th></th><th></th></tr><tr><td>1955.........</td><td>69,454</td><td>3,400</td><td>-</td><td>22</td><td>4</td><td>3,426</td><td>5,040 15/</td><td>-</td><td>599</td><td>-</td><td>-</td><td>60,390</td><td>181</td><td>60,209</td></tr><tr><td>1956.........</td><td>78,820</td><td>3,653</td><td>-</td><td>23</td><td>8</td><td>3,684</td><td>6,337</td><td>-</td><td>634</td><td>-</td><td>-</td><td>68,165</td><td>315</td><td>67,850</td></tr><tr><td>1957.........</td><td>83,675</td><td>3,894</td><td>-</td><td>20</td><td>3</td><td>3,917</td><td>6,301</td><td>333</td><td>616</td><td>-</td><td>1,479</td><td>71,029</td><td>467</td><td>70,562</td></tr><tr><td>1958.........</td><td>83,974</td><td>4,413</td><td>-</td><td>18</td><td>2</td><td>4,433</td><td>6,870</td><td>863</td><td>575</td><td>-</td><td>2,116</td><td>69,117</td><td>567</td><td>68,550</td></tr><tr><td>1959.........</td><td>83,904</td><td>4,907</td><td>-</td><td>23</td><td>3</td><td>4,933</td><td>7,158</td><td>847</td><td>525</td><td>-</td><td>2,171</td><td>68,270</td><td>355</td><td>67,915</td></tr><tr><td>1960.........</td><td>96,962</td><td>5,024</td><td>-</td><td>18</td><td>2</td><td>5,045</td><td>9,272</td><td>939</td><td>607</td><td>-</td><td>2,642</td><td>78,457</td><td>694</td><td>77,763</td></tr><tr><td>1961.........</td><td>99,491</td><td>5,725 16/</td><td>224 16/</td><td>25</td><td>2</td><td>5,976 16/</td><td>10,537 16/</td><td>953 16/</td><td>571</td><td>343 16/</td><td>2,798 16/</td><td>78,313</td><td>684</td><td>77,659</td></tr><tr><td>1962.........</td><td>103,818</td><td>5,957</td><td>278 16/</td><td>29</td><td>1</td><td>6,266</td><td>10,600</td><td>945</td><td>564</td><td>453</td><td>2,949</td><td>82,042</td><td>633</td><td>81,409</td></tr><tr><td>1963 (Est.)</td><td>111,096</td><td>6,104</td><td>279</td><td>30</td><td>2</td><td>6,415</td><td>12,357</td><td>994</td><td>580</td><td>941</td><td>3,224</td><td>86,585</td><td>685</td><td>85,900</td></tr><tr><td>1962-Jan. . .</td><td>5,999</td><td>-72 17/</td><td>142</td><td>3</td><td>*</td><td>73</td><td>141 6/</td><td>11 6/</td><td>11</td><td>48</td><td>233</td><td>5,442</td><td>84</td><td>5,357</td></tr><tr><td>Feb. . . . .</td><td>9,773</td><td>693</td><td>48</td><td>2</td><td>*</td><td>743</td><td>1,489</td><td>131</td><td>81</td><td>379</td><td>207</td><td>6,744</td><td>16</td><td>6,729</td></tr><tr><td>Mar. . . . .</td><td>12,354</td><td>1,810</td><td>*</td><td>2</td><td>*</td><td>1,813</td><td>1,031</td><td>88</td><td>50</td><td>19</td><td>248</td><td>9,106</td><td>2</td><td>9,104</td></tr><tr><td>Apr. . . . .</td><td>8,153</td><td>1,414</td><td>*</td><td>2</td><td>*</td><td>1,417</td><td>672 6/</td><td>58 6/</td><td>13</td><td>3</td><td>230</td><td>5,761</td><td>7</td><td>5,754</td></tr><tr><td>May. . . . .</td><td>10,658</td><td>1,391</td><td>6</td><td>3</td><td>*</td><td>1,101</td><td>2,012</td><td>169</td><td>82</td><td>1</td><td>264</td><td>7,029</td><td>5</td><td>7,024</td></tr><tr><td>June. . . .</td><td>13,346</td><td>230</td><td>1</td><td>3</td><td>*</td><td>233</td><td>916 6/</td><td>85 6/</td><td>91</td><td>1</td><td>233</td><td>11,827</td><td>212</td><td>11,615</td></tr><tr><td>July. . . .</td><td>4,540</td><td>162</td><td>-</td><td>3</td><td>*</td><td>165</td><td>400</td><td>36</td><td>12</td><td>1</td><td>281</td><td>3,645</td><td>78</td><td>3,566</td></tr><tr><td>Aug. . . . .</td><td>9,445</td><td>185</td><td>5</td><td>3</td><td>*</td><td>193</td><td>1,564</td><td>135</td><td>86</td><td>1</td><td>332</td><td>7,134</td><td>45</td><td>7,089</td></tr><tr><td>Sept. . . .</td><td>11,414</td><td>108</td><td>*</td><td>2</td><td>*</td><td>111</td><td>839</td><td>72</td><td>50</td><td>1</td><td>287</td><td>10,054</td><td>1</td><td>10,053</td></tr><tr><td>Oct. . . . .</td><td>4,068</td><td>196</td><td>*</td><td>3</td><td>*</td><td>200</td><td>493 6/</td><td>43 6/</td><td>14</td><td>1</td><td>276</td><td>3,042</td><td>12</td><td>3,030</td></tr><tr><td>Nov. . . . .</td><td>8,533</td><td>-10 17/</td><td>80</td><td>3</td><td>*</td><td>73</td><td>1,039</td><td>90</td><td>77</td><td>1</td><td>218</td><td>7,035</td><td>7</td><td>7,027</td></tr><tr><td>1963 to date.</td><td>38,000</td><td>641</td><td>86</td><td>14</td><td>*</td><td>741</td><td>4,335</td><td>376</td><td>240</td><td>4</td><td>1,395</td><td>30,909</td><td>144</td><td>30,766</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 1963 Budget Review, released November 13, 1962, including estimates of proposed legislation. 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. 411), 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 Contributions 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.
Taxes on carriers and their employees under the Railroad Retirement Tax Act, as amended (26 U.S.C. 3201-3233).
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.
Beginning 1957, includes collections under increased rates in the Highway Revenue Act of 1956 (see footnote 12).
remaining footnotes on following page.
December 1962
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>Royalties</th><th>Sale of Government property</th><th>Sale of products</th><th>Seigniorage</th><th>Fees for permits and licenses</th><th>Fees and other charges for services, etc.</th><th>Rents</th><th>Fines, penalties and forfeitures</th><th>Other 1/</th></tr><tr><td>1955</td><td>2,559</td><td>408</td><td>252</td><td>274</td><td>410</td><td>66</td><td>363</td><td>253</td><td>29</td><td>47</td><td>225</td><td>212</td><td>15</td><td>5</td></tr><tr><td>1956</td><td>3,006</td><td>554</td><td>291</td><td>296</td><td>471</td><td>69</td><td>480</td><td>313</td><td>21</td><td>49</td><td>194</td><td>194</td><td>66</td><td>5</td></tr><tr><td>1957</td><td>2,749</td><td>628</td><td>438</td><td>328</td><td>266</td><td>79</td><td>387</td><td>312</td><td>49</td><td>49</td><td>160</td><td>28</td><td>20</td><td>6</td></tr><tr><td>1958</td><td>3,196</td><td>745</td><td>674</td><td>328</td><td>322</td><td>90</td><td>345</td><td>304</td><td>59</td><td>53</td><td>161</td><td>86</td><td>23</td><td>5</td></tr><tr><td>1959</td><td>3,158</td><td>601</td><td>506</td><td>587</td><td>343</td><td>93</td><td>325</td><td>350</td><td>44</td><td>54</td><td>133</td><td>93</td><td>23</td><td>8</td></tr><tr><td>1960</td><td>4,064</td><td>967</td><td>1,111</td><td>436</td><td>114</td><td>96</td><td>392</td><td>374</td><td>53</td><td>57</td><td>111</td><td>325</td><td>16</td><td>12</td></tr><tr><td>1961</td><td>4,082</td><td>942</td><td>805</td><td>1,012</td><td>182</td><td>114</td><td>343</td><td>330</td><td>55</td><td>81</td><td>100</td><td>94</td><td>14</td><td>11</td></tr><tr><td>1962</td><td>3,206</td><td>877</td><td>743</td><td>371</td><td>154</td><td>121</td><td>263</td><td>342</td><td>58</td><td>62</td><td>101</td><td>89</td><td>11</td><td>13</td></tr><tr><td>1963 (Est.)</td><td>4,707</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>1962-Jan.</td><td>269</td><td>87</td><td>49</td><td>25</td><td>10</td><td>-6</td><td>23</td><td>50</td><td>6</td><td>4</td><td>11</td><td>8</td><td>1</td><td>*</td></tr><tr><td>Feb.</td><td>198</td><td>22</td><td>56</td><td>24</td><td>16</td><td>9</td><td>14</td><td>32</td><td>3</td><td>6</td><td>7</td><td>7</td><td>2</td><td>*</td></tr><tr><td>Mar.</td><td>161</td><td>3</td><td>56</td><td>24</td><td>6</td><td>12</td><td>12</td><td>24</td><td>2</td><td>5</td><td>9</td><td>8</td><td>1</td><td>1</td></tr><tr><td>Apr.</td><td>243</td><td>19</td><td>65</td><td>23</td><td>28</td><td>11</td><td>45</td><td>26</td><td>3</td><td>5</td><td>9</td><td>8</td><td>1</td><td>*</td></tr><tr><td>May.</td><td>216</td><td>15</td><td>67</td><td>33</td><td>17</td><td>10</td><td>18</td><td>27</td><td>4</td><td>7</td><td>7</td><td>11</td><td>1</td><td>*</td></tr><tr><td>June</td><td>514</td><td>277</td><td>70</td><td>7</td><td>18</td><td>58</td><td>35</td><td>12</td><td>4</td><td>9</td><td>21</td><td>9</td><td>2</td><td>-8</td></tr><tr><td>July</td><td>685</td><td>89</td><td>73</td><td>415 2/</td><td>17</td><td>9</td><td>30</td><td>27</td><td>4</td><td>5</td><td>6</td><td>7</td><td>*</td><td>1</td></tr><tr><td>Aug.</td><td>300</td><td>53</td><td>71</td><td>27</td><td>9</td><td>-21</td><td>16</td><td>62</td><td>4</td><td>8</td><td>7</td><td>5</td><td>59</td><td>1</td></tr><tr><td>Sept.</td><td>517</td><td>2</td><td>72</td><td>24</td><td>6</td><td>9</td><td>27</td><td>18</td><td>4</td><td>4</td><td>4</td><td>345</td><td>1</td><td>*</td></tr><tr><td>Oct.</td><td>218</td><td>16</td><td>91</td><td>24</td><td>8</td><td>10</td><td>17</td><td>28</td><td>4</td><td>4</td><td>11</td><td>3</td><td>1</td><td>1</td></tr><tr><td>Nov.</td><td>225</td><td>10</td><td>69</td><td>26</td><td>4</td><td>10</td><td>55</td><td>28</td><td>4</td><td>4</td><td>7</td><td>7</td><td>*</td><td>1</td></tr><tr><td>1963 to date</td><td>1,944</td><td>170</td><td>377</td><td>515</td><td>43</td><td>18</td><td>145</td><td>163</td><td>19</td><td>25</td><td>38</td><td>366</td><td>62</td><td>3</td></tr></table>
Source: Actual figures through 1961 are from reports to the Treasury Department by disbursing officers and administrative agencies, on the monthly statement reporting basis (see page II); and from the monthly statement of receipts and expenditures thereafter. Estimates are from the 1963 Budget Review, released November 13, 1962, including effects of proposed legislation.
1/ Consists of miscellaneous taxes (principally the tonnage tax on foreign vessels entering U. S. ports), bullion charges, and gifts and contributions.
2/ Includes $210 million received from the French Government and $179 million from the Italian Government for prepayment of loans.
* Less than $500,000. n.s. Not available.
Footnotes to Table 1 - (Continued)
6/ Includes adjustments as follows for: Income taxes not withheld, January -$6 million, April -$4.50 million, June -$12 million, and October -$4 million; income taxes withheld, January -$47 million, April -$74 million, June -$89 million, and October -$142 million; transfers to Federal Old-Age and Survivors Insurance Trust Fund, January -$4.9 million, April -$148 million, June -$70 million, and October -$134 million; and transfers to Federal Disability Insurance Trust Fund, January -$3 million, April -$29 million, June
tion account, and appropriated for credit to that account, beginning with fiscal 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.
$3 million, and October $12 million. See also footnote 8
Interest on refunds is included in expenditures in Table 3.
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. See also footnote 16.
The Highway Revenue Act of 1956, as amended, (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, 1957, and before October 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. These fiscal 1957 corresponding amounts are included in the net budget receipts and Federal-aid highway expenditures were included in budget expenditures.
2/ 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 would have been paid for insurance, and provided that the amounts appropriated should be transferred from time to time to the trust fund on the same basis as transfers to the Federal Old-Age and Survivors Insurance Trust Fund. Rates of tax were increased by the percentages appropriated to the Federal Disability Insurance Trust Fund, the increase being applicable to wages paid and taxable years beginning after December 31, 1956.
13/ 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).
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 13).
127 Transfers reduced by $300 million to adjust those made earlier on basis of estimates (see footnote 8).
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.
11/ The Employment Security Act of 1960, approved September 13, 1960 (42 U.S.C. 1101), established in the Unemployment Trust Fund an administra-
Beginning Fiscal 1961, the principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the transfers of tax receipts shown herein, and are included with refunds of internal revenue receipts, applicable to trust accounts.
17/ Refunds of Internal Revenue Receipts, applicable to trust account. Refunds gross amounts based on reimbursements by trust accounts for refunds of taxes which were made in previous months or fiscal years.
* Less than $500,000.
4
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Source Internal Revenue Service collection reports. For explanation of difference in reporting basis from budget receipts through 1954, see the Treasury Bulletin for July 1962, p. 80, and the Annual Report of the Secretary of the Treasury for 1961, p. 495. * 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-S
December 1962
5
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Legis-lative Branch</th><th>Judiciary</th><th>Executive Office of the President</th><th>Funds appropriated to the President</th><th>Agricul-ture Depart-ment</th><th>Commerce Depart-ment</th><th>Defense Department</th><th>Health, Education, and Welfare Department</th><th>Interior Depart-ment</th><th>Justice Depart-ment</th><th>Labor Depart-ment</th><th>Post Office Depart-ment 1/</th><th>State Depart-ment</th></tr><tr><td>1955</td><td>69</td><td>30</td><td>9</td><td>4,381</td><td>4,636</td><td>1,077</td><td>35,532</td><td>548</td><td>1,993</td><td>515</td><td>182</td><td>394</td><td>356</td><td>136</td></tr><tr><td>1956</td><td>85</td><td>37</td><td>10</td><td>4,473</td><td>5,177</td><td>1,293</td><td>35,791</td><td>573</td><td>2,071</td><td>512</td><td>216</td><td>412</td><td>463</td><td>142</td></tr><tr><td>1957</td><td>97</td><td>39</td><td>10</td><td>4,115</td><td>5,006</td><td>562</td><td>38,439</td><td>639</td><td>2,295</td><td>572</td><td>214</td><td>418</td><td>518</td><td>179</td></tr><tr><td>1958</td><td>99</td><td>44</td><td>11</td><td>4,081</td><td>4,875</td><td>645</td><td>39,062</td><td>733</td><td>2,645</td><td>666</td><td>229</td><td>567</td><td>674</td><td>206</td></tr><tr><td>1959</td><td>118</td><td>47</td><td>56</td><td>4,109</td><td>7,091</td><td>382</td><td>41,233</td><td>807</td><td>3,092</td><td>751</td><td>250</td><td>1,016</td><td>774</td><td>272</td></tr><tr><td>1960</td><td>126</td><td>49</td><td>56</td><td>1,764 3/</td><td>5,419</td><td>539</td><td>42,824</td><td>902</td><td>3,403</td><td>690</td><td>258</td><td>549</td><td>525</td><td>247</td></tr><tr><td>1961</td><td>134</td><td>52</td><td>70</td><td>1,808</td><td>5,929</td><td>498</td><td>44,677</td><td>971</td><td>3,685</td><td>801</td><td>284</td><td>831 4/</td><td>914</td><td>258</td></tr><tr><td>1962</td><td>153</td><td>57</td><td>29</td><td>2,053</td><td>6,669</td><td>594</td><td>48,205</td><td>999</td><td>4,215</td><td>908</td><td>294</td><td>620</td><td>797</td><td>307</td></tr><tr><td>1963 (Est.)</td><td>150</td><td>63</td><td>24</td><td>2,458</td><td>7,136</td><td>773</td><td>49,700</td><td>1,077</td><td>5,197</td><td>1,042</td><td>304</td><td>249</td><td>802</td><td>443</td></tr><tr><td>1962-January</td><td>16</td><td>5</td><td>2</td><td>162</td><td>447</td><td>45</td><td>4,044</td><td>75</td><td>421</td><td>63</td><td>24</td><td>99</td><td>30</td><td>31</td></tr><tr><td>February</td><td>11</td><td>4</td><td>2</td><td>139</td><td>426</td><td>51</td><td>3,865</td><td>67</td><td>369</td><td>77</td><td>23</td><td>-221</td><td>87</td><td>26</td></tr><tr><td>March</td><td>12</td><td>5</td><td>2</td><td>195</td><td>542</td><td>43</td><td>4,338</td><td>71</td><td>370</td><td>72</td><td>35</td><td>54</td><td>141</td><td>12</td></tr><tr><td>April</td><td>11</td><td>6</td><td>2</td><td>190</td><td>403</td><td>63</td><td>4,046</td><td>77</td><td>351</td><td>61</td><td>19</td><td>51</td><td>45</td><td>12</td></tr><tr><td>May</td><td>13</td><td>4</td><td>1</td><td>111</td><td>350</td><td>51</td><td>4,528</td><td>75</td><td>299</td><td>69</td><td>24</td><td>38</td><td>74</td><td>23</td></tr><tr><td>June</td><td>15</td><td>6</td><td>3</td><td>217</td><td>603</td><td>39</td><td>4,778</td><td>112</td><td>331</td><td>71</td><td>25</td><td>116</td><td>125</td><td>*</td></tr><tr><td>July</td><td>8</td><td>5</td><td>2</td><td>140</td><td>688</td><td>57</td><td>3,692</td><td>88</td><td>450</td><td>72</td><td>26</td><td>23</td><td>6</td><td>49</td></tr><tr><td>August</td><td>15</td><td>4</td><td>2</td><td>188</td><td>1,174</td><td>58</td><td>4,208</td><td>113</td><td>404</td><td>114</td><td>31</td><td>18</td><td>95</td><td>53</td></tr><tr><td>September</td><td>13</td><td>5</td><td>2</td><td>154</td><td>677</td><td>37</td><td>3,823</td><td>104</td><td>389</td><td>119</td><td>23</td><td>65</td><td>82</td><td>22</td></tr><tr><td>October</td><td>17</td><td>6</td><td>1</td><td>266</td><td>1,023</td><td>86</td><td>4,360</td><td>122</td><td>412</td><td>93</td><td>24</td><td>62</td><td>46</td><td>74</td></tr><tr><td>November</td><td>15</td><td>4</td><td>3</td><td>229</td><td>623</td><td>72</td><td>4,331</td><td>112</td><td>390</td><td>89</td><td>26</td><td>61</td><td>35</td><td>37</td></tr><tr><td>1963 to date</td><td>67</td><td>24</td><td>9</td><td>976</td><td>4,186</td><td>310</td><td>20,415</td><td>539</td><td>2,045</td><td>486</td><td>130</td><td>230</td><td>263</td><td>235</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="2">Treasury Department</th><th>Atomic Energy Commission</th><th>Federal Aviation Agency 2/</th><th>General Services Administration</th><th>Housing and Home Finance Agency</th><th>National Aeronautics and Space Admin. 8/</th><th>Veterans Administration</th><th>Other independent agencies</th><th>District of Columbia 9/</th><th>Total by agencies</th><th>Less: Interfund transactions 10/</th><th>Total budget expenditures 11/</th></tr><tr><th></th><th>On public debt 5/</th><th>On refunds of taxes</th><th>Other 6/</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1955</td><td>6,370</td><td>62</td><td>368</td><td>1,857</td><td>-</td><td>973</td><td>129</td><td>-</td><td>4,405</td><td>529</td><td>22</td><td>64,570</td><td>181</td><td>64,389</td></tr><tr><td>1956</td><td>6,787</td><td>54</td><td>879</td><td>1,651</td><td>-</td><td>923</td><td>39</td><td>-</td><td>4,731</td><td>601</td><td>22</td><td>66,540</td><td>315</td><td>66,224</td></tr><tr><td>1957</td><td>7,244</td><td>57</td><td>748</td><td>1,990</td><td>-</td><td>570</td><td>-23</td><td>-</td><td>4,805</td><td>911 12/</td><td>26</td><td>69,433</td><td>467</td><td>68,966</td></tr><tr><td>1958</td><td>7,607</td><td>74</td><td>765</td><td>2,268</td><td>-</td><td>425</td><td>199</td><td>-</td><td>5,098</td><td>940</td><td>25</td><td>71,936</td><td>567</td><td>71,369</td></tr><tr><td>1959</td><td>7,593</td><td>69</td><td>2,178 13/</td><td>2,541</td><td>441</td><td>359</td><td>1,152</td><td>145</td><td>5,232</td><td>956</td><td>31</td><td>80,697</td><td>355</td><td>80,342</td></tr><tr><td>1960</td><td>9,180</td><td>76</td><td>875</td><td>2,623</td><td>508</td><td>408</td><td>309</td><td>401</td><td>5,250</td><td>224</td><td>28</td><td>77,233</td><td>694</td><td>76,539</td></tr><tr><td>1961</td><td>8,957</td><td>83</td><td>987</td><td>2,713</td><td>638</td><td>387</td><td>502</td><td>744</td><td>5,401</td><td>794</td><td>50</td><td>82,169</td><td>654</td><td>81,515</td></tr><tr><td>1962</td><td>9,120</td><td>68</td><td>985</td><td>2,806</td><td>698</td><td>445</td><td>739</td><td>1,257</td><td>5,392</td><td>937</td><td>72</td><td>88,419</td><td>633</td><td>87,787</td></tr><tr><td>1963 (Est.)</td><td>9,700</td><td>60</td><td>1,035</td><td>2,900</td><td>755</td><td>530</td><td>1,237</td><td>2,400</td><td>5,364</td><td>589</td><td>82</td><td>94,372 14/</td><td>685</td><td>93,687 14/</td></tr><tr><td>1962-January</td><td>803</td><td>5</td><td>102</td><td>245</td><td>53</td><td>51</td><td>51</td><td>96</td><td>503</td><td>95</td><td>11</td><td>7,480</td><td>84</td><td>7,395</td></tr><tr><td>February</td><td>755</td><td>5</td><td>77</td><td>226</td><td>54</td><td>27</td><td>99</td><td>101</td><td>454</td><td>143</td><td>8</td><td>6,873</td><td>16</td><td>6,858</td></tr><tr><td>March</td><td>733</td><td>4</td><td>77</td><td>249</td><td>68</td><td>41</td><td>34</td><td>140</td><td>448</td><td>65</td><td>*</td><td>7,751</td><td>2</td><td>7,749</td></tr><tr><td>April</td><td>777</td><td>3</td><td>75</td><td>254</td><td>52</td><td>29</td><td>11</td><td>141</td><td>437</td><td>178</td><td>1</td><td>7,236</td><td>7</td><td>7,289</td></tr><tr><td>May</td><td>775</td><td>4</td><td>82</td><td>253</td><td>56</td><td>20</td><td>92</td><td>155</td><td>433</td><td>-300</td><td>2</td><td>7,234</td><td>5</td><td>7,229</td></tr><tr><td>June</td><td>821</td><td>5</td><td>79</td><td>249</td><td>64</td><td>54</td><td>22</td><td>142</td><td>398</td><td>31</td><td>9</td><td>8,314</td><td>212</td><td>8,102</td></tr><tr><td>July</td><td>828</td><td>6</td><td>75</td><td>243</td><td>57</td><td>28</td><td>209</td><td>135</td><td>441</td><td>-27</td><td>30</td><td>7,331</td><td>78</td><td>7,252</td></tr><tr><td>August</td><td>794</td><td>8</td><td>107</td><td>234</td><td>73</td><td>48</td><td>58</td><td>187</td><td>491</td><td>104</td><td>5</td><td>8,586</td><td>45</td><td>8,541</td></tr><tr><td>September</td><td>807</td><td>5</td><td>82</td><td>209</td><td>56</td><td>35</td><td>3</td><td>140</td><td>400</td><td>74</td><td>2</td><td>7,327</td><td>1</td><td>7,327</td></tr><tr><td>October</td><td>814</td><td>13</td><td>62</td><td>243</td><td>62</td><td>45</td><td>-15</td><td>187</td><td>439</td><td>88</td><td>6</td><td>8,536</td><td>12</td><td>8,524</td></tr><tr><td>November</td><td>808</td><td>4</td><td>80</td><td>228</td><td>54</td><td>42</td><td>99</td><td>187</td><td>442</td><td>101</td><td>4</td><td>8,077</td><td>7</td><td>8,070</td></tr><tr><td>1963 to date</td><td>4,051</td><td>36</td><td>407</td><td>1,158</td><td>302</td><td>198</td><td>353</td><td>837</td><td>2,212</td><td>341</td><td>47</td><td>39,858</td><td>144</td><td>39,714</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 1963 Budget Review, released November 13, 1962, including effects of proposed legislation. Note: Figures in this table are for agencies as constituted at the time the expenditures were made, and therefore do not necessarily represent functions which are comparable over a period of time. For expenditures by functions on a consistent basis, see Table 6. Agency shifts are reflected in this table as follows: Beginning 1957, Alaska Road Construction from "Interior Department" to "Commerce Department," and Federal intermediate credit banks and production credit corporations as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General Services Administration," and Informational Media Guaranty Fund from "Funds appropriated to the President" to "Independent agencies"; beginning 1959, Federal Civil Defense Administration from "Independent
agencies" to "Executive Office of the President," Civil Aeronautics Board from "Commerce Department" to "Independent agencies," Civil Aeronautics Administration from "Commerce Department" and Airways Modernization Board from "Commerce Department" to "Independent agencies," National Advisory Commission for Aeronautics from "Independent agencies" to "National Aeronautics and Space Administration"; beginning 1960, military assistance from "Funds appropriated to the President" to "Defense Department, military," pursuant to budgeting instruction in the Mutual Security Act of 1959, as amended by the International Peace and Security Act of 1961 (22 U.S.C. 2312 (b)); and beginning 1962, subscriptions to international institutions from "Treasury Department" to "Funds appropriated to the President." Consists of net expenditures of the Postal Fund, reflecting the classification of Post Office transactions to a public enterprise revolving fund basis, and beginning fiscal 1960 payment for public services.
Remaining footnotes on following page.
6
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Total interest</th><th>Commodity Credit Corp.</th><th>Export-Import Bank of Washington 2/</th><th>Housing and Home Finance Agency 2/</th><th>Panama Canal Company</th><th>Small Business Admin.</th><th>Tennessee Valley Authority</th><th>Veterans' Administration 4/</th><th>Under Defense Production Act 5/</th><th>Other 6/</th><th>Reimbursement by Panama Canal Company 7/</th><th>Federal intermediate credit banks' franchise tax 8/</th><th>Charges for audits of various agencies</th></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</td><td>654</td><td>640</td><td>410</td><td>43</td><td>118</td><td>9</td><td>15</td><td>-</td><td>32</td><td>6</td><td>8</td><td>13</td><td>-</td><td>1</td></tr><tr><td>1962</td><td>633</td><td>620</td><td>330</td><td>57</td><td>146</td><td>9</td><td>14</td><td>-</td><td>40</td><td>8</td><td>16</td><td>12</td><td>-</td><td>1</td></tr><tr><td>1963 (Est.)</td><td>685</td><td>670</td><td>338</td><td>53</td><td>167</td><td>10</td><td>20</td><td>-</td><td>52</td><td>-</td><td>30</td><td>14</td><td>-</td><td>1</td></tr><tr><td>1962-January</td><td>84</td><td>82</td><td>*</td><td>*</td><td>56</td><td>2</td><td>-</td><td>-</td><td>21</td><td>2</td><td>-</td><td>3</td><td>-</td><td>*</td></tr><tr><td>February</td><td>16</td><td>16</td><td>*</td><td>*</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>March</td><td>2</td><td>2</td><td>*</td><td>*</td><td>1</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>7</td><td>4</td><td>*</td><td>*</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>3</td><td>-</td><td>*</td></tr><tr><td>May</td><td>5</td><td>5</td><td>1</td><td>4</td><td>*</td><td>2</td><td>-</td><td>-</td><td>-</td><td>*</td><td>6</td><td>3</td><td>-</td><td>*</td></tr><tr><td>June</td><td>212</td><td>209</td><td>174</td><td>26</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td></tr><tr><td>July</td><td>78</td><td>78</td><td>*</td><td>*</td><td>73</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>*</td><td>-</td><td>-</td><td>*</td></tr><tr><td>August</td><td>45</td><td>45</td><td>*</td><td>*</td><td>*</td><td>-</td><td>20</td><td>-</td><td>24</td><td>*</td><td>1</td><td>-</td><td>-</td><td>*</td></tr><tr><td>September</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>October</td><td>12</td><td>8</td><td>2</td><td>*</td><td>1</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>November</td><td>7</td><td>7</td><td>5</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1963 to date</td><td>144</td><td>139</td><td>8</td><td>1</td><td>74</td><td>3</td><td>20</td><td>-</td><td>24</td><td>5</td><td>5</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. Excludes transactions under Defense Production Act.
2/ Consists of payments by: Office of the Administrator for college housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association; and Public Housing Administration.
4/ Direct loan program.
5/ By various agencies for programs under the Defense Production Act.
5/ Consists of payments by: Reconstruction Finance Corporation for 1955; Colorado River Dam Fund, Boulder Canyon project; Virgin Islands Corpo-
ration; Bureau of Federal Credit Unions; Civil Defense Program Fund; Farmers' Home Administration; Agricultural Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund) beginning 1956, and the direct loan account, both established pursuant to Title III of the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance Fund beginning 1951; and St. Lawrence Seaway Development Corporation beginning 1960. For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
$/g/ Realization on the Government's investment.
* Less than $500,000.
Footnotes to Table 3.- (Continued)
2/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
3/ Adjusted for reclassification.
4/ Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures rather than budget expenditures, pursuant to the Employment Security Act of 1960, approved September 13, 1960 (42 U.S.C. 1101); see Table 1, footnote 11.
5/ Reported on an accrual basis effective June 30, 1955.
6/ Includes Reconstruction Finance Corporation except beginning July 1, 1954, certain functions transferred: Under Reorganization Plan No. 2 of 1954 (15 U.S.C. 609, note) to the Export-Import Bank, the Federal National Mortgage Association, and the Small Business Administration; and under Executive Order 10539, as amended, (15 U.S.C. 603, note) to the General Services 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.
7/ Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C. 1341 (a)), approved August 23, 1958.
8/ Established pursuant to the National Aeronautics and Space Act of 1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
9/ Consists of Federal payment and loans and advances.
10. 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).
11. 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 10).
12. Effective January 1, 1957, the production credit corporations were merged in the Federal intermediate credit banks, pursuant to the Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were classified as trust enterprise funds (see "Trust Account and Other Transactions, Table 3"), previously the operations of the banks and the corporations, respectively, were classified as public enterprise funds and were included not in budget expenditures.
13. Includes $1,375 million paid to the International Monetary Fund for the additional United States subscription, authorized by an act approved June 17, 1959, consisting of $344 million in gold (see "Monetary Statistics," Table 3) and $1,031 million in special notes. The special notes of the United States issued to international institutions are nonnegotiable and noninterest-bearing and are payable on demand. See also "Cash Income and Outgo," Table 5 and "Debt Outstanding," Table 1.
14. Total includes allowance for contingencies of $300 million.
*Less than $500,000.
December 1962
7
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies, as of October 31, 1962
(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 1/ 2/</th><th colspan="4">Additional, fiscal year 1963 to date</th><th></th></tr><tr><th></th><th></th><th>Appropriations 3/</th><th>Increase Authorizations to expend from debt receipts 4/</th><th>Other authorizations 5/</th><th>Total</th><th>Transfers, borrowings, investments 6/</th></tr><tr><td>Legislative Branch</td><td>79</td><td>147</td><td>-</td><td>9</td><td>156</td><td>-</td></tr><tr><td>The Judiciary</td><td>5</td><td>61</td><td>-</td><td>-</td><td>61</td><td>-</td></tr><tr><td>Executive Office of the President</td><td>3</td><td>23</td><td>-</td><td>-</td><td>23</td><td>-</td></tr><tr><td>Funds appropriated to the President</td><td>10,198</td><td>5,189</td><td>-</td><td>-</td><td>5,189</td><td>-</td></tr><tr><td>Agriculture Department</td><td>3,904</td><td>6,135</td><td>482</td><td>42</td><td>6,659</td><td>-</td></tr><tr><td>Commerce Department</td><td>1,060</td><td>794</td><td>-</td><td>-6</td><td>788</td><td>-</td></tr><tr><td>Defense Department:</td><td>28,697</td><td>4,567</td><td>-</td><td>-</td><td>49,567</td><td>-</td></tr><tr><td>Military functions</td><td>2,785</td><td>1,325</td><td>-</td><td>-</td><td>1,325</td><td>-</td></tr><tr><td>Military assistance</td><td>356</td><td>1,086</td><td>-</td><td>-</td><td>1,086</td><td>-</td></tr><tr><td>Civil functions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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>1,832</td><td>4,484</td><td>-</td><td>*</td><td>4,484</td><td>-</td></tr><tr><td>Interior Department</td><td>451</td><td>1,017</td><td>6</td><td>11</td><td>1,034</td><td>-</td></tr><tr><td>Justice Department</td><td>36</td><td>307</td><td>-</td><td>-</td><td>307</td><td>-</td></tr><tr><td>Labor Department</td><td>230</td><td>325</td><td>-</td><td>-</td><td>325</td><td>-</td></tr><tr><td>Post Office Department</td><td>373</td><td>907</td><td>-</td><td>-</td><td>907</td><td>-</td></tr><tr><td>State Department</td><td>130</td><td>414</td><td>-</td><td>-</td><td>414</td><td>-</td></tr><tr><td>Treasury Department</td><td>416</td><td>10,792</td><td>-</td><td>-</td><td>10,792</td><td>-</td></tr><tr><td>Atomic Energy Commission</td><td>1,205</td><td>3,135</td><td>-</td><td>-</td><td>3,135</td><td>-</td></tr><tr><td>Federal Aviation Agency</td><td>585</td><td>766</td><td>-</td><td>-20</td><td>746</td><td>-</td></tr><tr><td>General Services Administration</td><td>534</td><td>572</td><td>-</td><td>-</td><td>572</td><td>-</td></tr><tr><td>Housing and Home Finance Agency</td><td>12,864</td><td>635</td><td>42</td><td>-318</td><td>359</td><td>-</td></tr><tr><td>National Aeronautics and Space Administration</td><td>1,158</td><td>3,674</td><td>-</td><td>-</td><td>3,674</td><td>-</td></tr><tr><td>Veterans' Administration</td><td>850</td><td>5,253</td><td>-</td><td>-</td><td>5,253</td><td>-</td></tr><tr><td>Other Independent Agencies</td><td>10,898</td><td>1,235</td><td>-</td><td>6</td><td>1,241</td><td>-</td></tr><tr><td>District of Columbia - Federal payment and loans to</td><td>96</td><td>59</td><td>-</td><td>-</td><td>59</td><td>-</td></tr><tr><td>Total</td><td>78,745</td><td>97,904</td><td>530</td><td>-276</td><td>98,158</td><td>-</td></tr></table><table><tr><th>Agency</th><th>Deductions, fiscal year 1963 to date Expenditures</th><th>Rescissions, cancellations, and other adjustments 7/</th><th>Unexpended balances October 31, 1962 Undisbursed appropriations</th><th>Unused authorizations to expend from debt receipts</th><th>Unfunded contract authorizations</th><th>Investments held 8/</th><th>Total 2/</th></tr><tr><td>Legislative Branch</td><td>53</td><td>*</td><td>146</td><td>-</td><td>36</td><td>-</td><td>182</td></tr><tr><td>The Judiciary</td><td>20</td><td>-</td><td>46</td><td>-</td><td>-</td><td>-</td><td>46</td></tr><tr><td>Executive Office of the President</td><td>6</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td><td>20</td></tr><tr><td>Funds appropriated to the President</td><td>748</td><td>-</td><td>8,611</td><td>6,028</td><td>-</td><td>-</td><td>14,639</td></tr><tr><td>Agriculture Department</td><td>3,563</td><td>-</td><td>3,486</td><td>3,421</td><td>93</td><td>-</td><td>7,000</td></tr><tr><td>Commerce Department</td><td>237</td><td>*</td><td>1,084</td><td>300</td><td>219</td><td>7</td><td>1,610</td></tr><tr><td>Defense Department:</td><td>15,735</td><td>-</td><td>62,528</td><td>-</td><td>-</td><td>-</td><td>62,528</td></tr><tr><td>Military functions</td><td>377</td><td>-</td><td>3,733</td><td>-</td><td>-</td><td>-</td><td>3,733</td></tr><tr><td>Military assistance</td><td>428</td><td>-</td><td>1,005</td><td>10</td><td>-</td><td>-</td><td>1,015</td></tr><tr><td>Civil functions</td><td>-22</td><td>-</td><td>22</td><td>-</td><td>-</td><td>-</td><td>22</td></tr><tr><td>Undistributed foreign transactions</td><td>1,655</td><td>-</td><td>4,662</td><td>-</td><td>-</td><td>-</td><td>4,662</td></tr><tr><td>Health, Education, and Welfare Department</td><td>397</td><td>-</td><td>976</td><td>16</td><td>96</td><td>-</td><td>1,088</td></tr><tr><td>Interior Department</td><td>104</td><td>-</td><td>238</td><td>-</td><td>-</td><td>-</td><td>238</td></tr><tr><td>Justice Department</td><td>169</td><td>-</td><td>386</td><td>-</td><td>-</td><td>-</td><td>386</td></tr><tr><td>Labor Department</td><td>228</td><td>-</td><td>1,052</td><td>-</td><td>-</td><td>-</td><td>1,052</td></tr><tr><td>Post Office Department</td><td>198</td><td>-</td><td>346</td><td>-</td><td>-</td><td>-</td><td>346</td></tr><tr><td>State Department</td><td>3,601</td><td>1</td><td>7,356</td><td>250</td><td>-</td><td>-</td><td>7,606</td></tr><tr><td>Treasury Department</td><td>929</td><td>-</td><td>3,410</td><td>-</td><td>-</td><td>-</td><td>3,410</td></tr><tr><td>Atomic Energy Commission</td><td>248</td><td>-</td><td>1,057</td><td>-</td><td>27</td><td>-</td><td>1,084</td></tr><tr><td>Federal Aviation Agency</td><td>156</td><td>5</td><td>945</td><td>-</td><td>-</td><td>-</td><td>945</td></tr><tr><td>General Services Administration</td><td>254</td><td>58</td><td>1,044</td><td>7,940</td><td>3,070</td><td>857</td><td>12,871</td></tr><tr><td>Housing and Home Finance Agency</td><td>650</td><td>-</td><td>4,182</td><td>-</td><td>-</td><td>-</td><td>4,182</td></tr><tr><td>National Aeronautics and Space Administration</td><td>1,770</td><td>-</td><td>4,050</td><td>190</td><td>-</td><td>93</td><td>4,333</td></tr><tr><td>Veterans' Administration</td><td>240</td><td>36</td><td>1,675</td><td>9,551</td><td>11</td><td>626</td><td>11,853</td></tr><tr><td>Other Independent Agencies</td><td>42</td><td>-</td><td>113</td><td>-</td><td>-</td><td>-</td><td>113</td></tr><tr><td>District of Columbia - Federal payment and loans to</td><td>-7 9/</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>7</td></tr><tr><td>Adjustment to monthly statement of receipts and expenditures of the Government</td><td>-</td><td>-</td><td>112,179</td><td>27,705</td><td>3,553</td><td>1,584</td><td>145,022</td></tr><tr><td>Total</td><td>31,781</td><td>101</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deduct: Certain interfund transactions</td><td>136</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total budget expenditures</td><td>31,644</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Bureau of Accounts. Details for the current fiscal year to date are shown in Bureau of Accounts report "Budgetary Appropriations and Other Authorizations, Expenditures and Unexpended Balances". 
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies, for payrolls, and for similar items.
3/ Includes reappropriations.
4/ Consists of authorizations by law for Government-owned enterprises to borrow (1) from the Treasury (to expend from public debt receipts), or (2) from the public (to expend from debt receipts).
2/ Consists of new contract authorizations, established by law for the current fiscal year, net of current appropriations to liquidate existing contracts or contract authorizations.
6/ Consists of transfers between appropriations; net borrowings from or
repayments to (-), the Treasury and the public under authority to expend from debt receipts; and net investment in, or sale of (-), public debt securities and certain guaranteed securities issued by Government enterprises.
Consists of transfers to, or restorations from (-), the surplus fund; recollections, cancellations, or adjustments of borrowing authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments.
Public debt securities and certain guaranteed securities issued by Government enterprises.
Represents the difference between this report based on accounts sub
mitted by certain disbursing officers and corresponding preliminary data used in the monthly statement of receipts and expenditures of the Government.
Less than $500,000.
8
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
<table><tr><th>Functions</th><th>Function code number</th><th>1958</th><th>1959</th><th>1960</th><th>1961</th><th>1962 p</th><th>Expenditures</th><th>Unexpended balances end of period 2/</th></tr><tr><td>National defense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Department of Defense-military functions</td><td>051</td><td>39,070</td><td>41,223</td><td>41,215</td><td>43,227</td><td>46,784</td><td>15,714</td><td>62,550</td></tr><tr><td>Military assistance</td><td>057</td><td>2,187</td><td>2,340</td><td>1,609</td><td>1,449</td><td>1,359</td><td>377</td><td>3,733</td></tr><tr><td>Atomic energy</td><td>058</td><td>2,268</td><td>2,541</td><td>2,623</td><td>2,713</td><td>2,806</td><td>929</td><td>3,410</td></tr><tr><td>Defense-related services 3/</td><td>059</td><td>708</td><td>387</td><td>244</td><td>104</td><td>92</td><td>30</td><td>480</td></tr><tr><td>Total national defense</td><td></td><td>44,234</td><td>46,491</td><td>45,691</td><td>47,494</td><td>51,042</td><td>17,050</td><td>70,173</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>173</td><td>237</td><td>217</td><td>216</td><td>249</td><td>182</td><td>292</td></tr><tr><td>Economic and financial assistance</td><td>152</td><td>1,910</td><td>3,403</td><td>1,477</td><td>2,126</td><td>2,326</td><td>694</td><td>18,280</td></tr><tr><td>Foreign information and exchange activities</td><td>153</td><td>149</td><td>139</td><td>137</td><td>158</td><td>197</td><td>57</td><td>258</td></tr><tr><td>Total international affairs and finance</td><td></td><td>2,231</td><td>3,780</td><td>1,832</td><td>2,500</td><td>2,771</td><td>933</td><td>18,830</td></tr><tr><td>Space research and technology</td><td>251</td><td>89</td><td>145</td><td>401</td><td>744</td><td>1,257</td><td>650</td><td>4,182</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>Farm income support and production adjustment 4/</td><td>351</td><td>3,284</td><td>5,297</td><td>3,602</td><td>3,801</td><td>4,747</td><td>2,823</td><td>3,875</td></tr><tr><td>Financing farm ownership and operation</td><td>352</td><td>269</td><td>311</td><td>289</td><td>349</td><td>234</td><td>63</td><td>741</td></tr><tr><td>Financing rural electrification and rural telephones</td><td>353</td><td>297</td><td>315</td><td>330</td><td>301</td><td>303</td><td>110</td><td>1,370</td></tr><tr><td>Agricultural land and water resources 5/</td><td>354</td><td>315</td><td>376</td><td>368</td><td>397</td><td>414</td><td>205</td><td>304</td></tr><tr><td>Research and other agricultural services 5/</td><td>355</td><td>255</td><td>291</td><td>293</td><td>324</td><td>338</td><td>137</td><td>361</td></tr><tr><td>Total agriculture and agricultural resources</td><td></td><td>4,419</td><td>6,590</td><td>4,882</td><td>5,173</td><td>6,036</td><td>3,338</td><td>6,651</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>Land and water resources</td><td>401</td><td>1,139</td><td>1,184</td><td>1,235</td><td>1,394</td><td>1,563</td><td>649</td><td>2,179</td></tr><tr><td>Forest resources</td><td>402</td><td>174</td><td>201</td><td>220</td><td>331</td><td>265</td><td>155</td><td>269</td></tr><tr><td>Mineral resources</td><td>403</td><td>59</td><td>71</td><td>65</td><td>61</td><td>68</td><td>34</td><td>68</td></tr><tr><td>Fish and wildlife resources</td><td>404</td><td>60</td><td>68</td><td>68</td><td>73</td><td>81</td><td>28</td><td>118</td></tr><tr><td>Recreational resources</td><td>405</td><td>69</td><td>85</td><td>74</td><td>91</td><td>94</td><td>46</td><td>196</td></tr><tr><td>General resource surveys and administration</td><td>409</td><td>44</td><td>61</td><td>51</td><td>55</td><td>61</td><td>25</td><td>50</td></tr><tr><td>Total natural resources</td><td></td><td>1,544</td><td>1,670</td><td>1,714</td><td>2,006</td><td>2,133</td><td>937</td><td>2,880</td></tr><tr><td>Commerce and transportation:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aviation</td><td>501</td><td>315</td><td>494</td><td>568</td><td>716</td><td>782</td><td>274</td><td>1,149</td></tr><tr><td>Water transportation</td><td>502</td><td>392</td><td>436</td><td>508</td><td>569</td><td>654</td><td>220</td><td>965</td></tr><tr><td>Highways</td><td>503</td><td>31</td><td>30</td><td>38</td><td>36</td><td>33</td><td>22</td><td>113</td></tr><tr><td>Postal services</td><td>505</td><td>674</td><td>774</td><td>525</td><td>914</td><td>787</td><td>228</td><td>1,052</td></tr><tr><td>Advancement of business</td><td>506</td><td>170</td><td>226</td><td>265</td><td>271</td><td>417</td><td>134</td><td>3,893</td></tr><tr><td>Area redevelopment</td><td>507</td><td>*</td><td>-</td><td>-</td><td>-</td><td>7</td><td>8</td><td>886</td></tr><tr><td>Regulation of business</td><td>508</td><td>49</td><td>58</td><td>59</td><td>67</td><td>73</td><td>26</td><td>60</td></tr><tr><td>Total commerce and transportation</td><td></td><td>1,631</td><td>2,017</td><td>1,963</td><td>2,573</td><td>2,755</td><td>912</td><td>8,117</td></tr><tr><td>Housing and community development:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aids to private housing</td><td>551</td><td>-126</td><td>732</td><td>-172</td><td>-44</td><td>-163</td><td>-19</td><td>7,540</td></tr><tr><td>Public housing</td><td>552</td><td>51</td><td>97</td><td>134</td><td>150</td><td>163</td><td>64</td><td>1,659</td></tr><tr><td>Urban renewal and community facilities</td><td>553</td><td>78</td><td>108</td><td>130</td><td>162</td><td>261</td><td>83</td><td>5,399</td></tr><tr><td>National Capital area</td><td>555</td><td>26</td><td>33</td><td>30</td><td>51</td><td>74</td><td>43</td><td>121</td></tr><tr><td>Total housing and community development</td><td></td><td>30</td><td>970</td><td>122</td><td>320</td><td>335</td><td>171</td><td>14,719</td></tr><tr><td>Health, labor, and welfare:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Health services and research</td><td>651</td><td>540</td><td>700</td><td>815</td><td>938</td><td>1,129</td><td>443</td><td>2,312</td></tr><tr><td>Labor and manpower</td><td>652</td><td>488</td><td>924</td><td>510</td><td>809</td><td>584</td><td>137</td><td>379</td></tr><tr><td>Public assistance</td><td>653</td><td>1,797</td><td>1,969</td><td>2,061</td><td>2,170</td><td>2,436</td><td>960</td><td>1,468</td></tr><tr><td>Other welfare services 2/</td><td>654</td><td>24</td><td>284</td><td>304</td><td>326</td><td>277</td><td>116</td><td>331</td></tr><tr><td>Total health, labor, and welfare</td><td></td><td>3,059</td><td>3,877</td><td>3,690</td><td>4,244</td><td>4,425</td><td>1,677</td><td>4,490</td></tr><tr><td>Education:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Assistance for elementary and secondary education 2/</td><td>701</td><td>189</td><td>259</td><td>327</td><td>332</td><td>283</td><td>72</td><td>472</td></tr><tr><td>Assistance for higher education 2/</td><td>702</td><td>178</td><td>225</td><td>261</td><td>286</td><td>434</td><td>197</td><td>938</td></tr><tr><td>Assistance to science education and basic research</td><td>703</td><td>50</td><td>106</td><td>120</td><td>143</td><td>183</td><td>64</td><td>477</td></tr><tr><td>Other aid to education 2/</td><td>704</td><td>124</td><td>141</td><td>156</td><td>181</td><td>176</td><td>67</td><td>162</td></tr><tr><td>Total education</td><td></td><td>541</td><td>732</td><td>866</td><td>943</td><td>1,076</td><td>401</td><td>2,050</td></tr><tr><td>Veterans' benefits and services:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Veterans' service-connected compensation 2/</td><td>801</td><td>2,024</td><td>2,071</td><td>2,043</td><td>2,034</td><td>3,704</td><td>1,282</td><td>2,558</td></tr><tr><td>Veterans' nonservice-connected pension 2/</td><td>802</td><td>1,036</td><td>1,153</td><td>1,263</td><td>1,332</td><td>-</td><td>52</td><td>528</td></tr><tr><td>Veterans' readjustment benefits</td><td>803</td><td>1,026</td><td>864</td><td>725</td><td>559</td><td>388</td><td>374</td><td>996</td></tr><tr><td>Veterans' hospitals and medical care</td><td>804</td><td>856</td><td>921</td><td>961</td><td>1,030</td><td>1,085</td><td>374</td><td>996</td></tr><tr><td>Other veterans' benefits and services 2/</td><td>805</td><td>242</td><td>280</td><td>266</td><td>259</td><td>227</td><td>68</td><td>261</td></tr><tr><td>Total veterans' benefits and services</td><td></td><td>5,184</td><td>5,287</td><td>5,266</td><td>5,414</td><td>5,404</td><td>1,775</td><td>4,343</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
9
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions - (Continued)
(Fiscal years; in millions of dollars)
<table><tr><th>Functions</th><th>Function code number</th><th>1958</th><th>1959</th><th>1960</th><th>1961</th><th>1962 p</th><th>Expenditures</th><th>Unexpended balances end of period 2/</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>851</td><td>7,607</td><td>7,593</td><td>9,180</td><td>8,957</td><td>9,140</td><td>3,243</td><td>6,457</td></tr><tr><td>Interest on refunds of receipts</td><td>852</td><td>74</td><td>69</td><td>76</td><td>83</td><td>68</td><td>32</td><td>57</td></tr><tr><td>Interest on uninvested funds</td><td>853</td><td>8</td><td>9</td><td>10</td><td>10</td><td>10</td><td>5</td><td>9</td></tr><tr><td>Total interest</td><td></td><td>7,689</td><td>7,671</td><td>9,266</td><td>9,050</td><td>9,218</td><td>3,279</td><td>6,518</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>901</td><td>89</td><td>102</td><td>109</td><td>118</td><td>135</td><td>48</td><td>145</td></tr><tr><td>Judicial functions</td><td>902</td><td>44</td><td>47</td><td>49</td><td>52</td><td>57</td><td>20</td><td>46</td></tr><tr><td>Executive direction and management 1/</td><td>903</td><td>19</td><td>21</td><td>20</td><td>62</td><td>22</td><td>7</td><td>17</td></tr><tr><td>Central fiscal operations</td><td>904</td><td>502</td><td>566</td><td>558</td><td>607</td><td>654</td><td>236</td><td>529</td></tr><tr><td>General property and records management</td><td>905</td><td>245</td><td>295</td><td>372</td><td>372</td><td>418</td><td>146</td><td>923</td></tr><tr><td>Central personnel management</td><td>906</td><td>84</td><td>95</td><td>84</td><td>140</td><td>153</td><td>50</td><td>62</td></tr><tr><td>Protective services and alien control</td><td>908</td><td>233</td><td>255</td><td>263</td><td>289</td><td>300</td><td>106</td><td>243</td></tr><tr><td>Other general government</td><td>910</td><td>69</td><td>86</td><td>88</td><td>109</td><td>136</td><td>52</td><td>96</td></tr><tr><td>Total general government</td><td></td><td>1,284</td><td>1,466</td><td>1,542</td><td>1,709</td><td>1,874</td><td>666</td><td>2,061</td></tr><tr><td>Undistributed</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-25</td><td>-7</td><td>7</td></tr><tr><td>Total</td><td></td><td>71,936</td><td>80,697</td><td>77,233</td><td>82,169</td><td>88,301</td><td>31,781</td><td>145,022</td></tr><tr><td>Less: Certain interfund transactions included in both expenditures and receipts</td><td></td><td>567</td><td>355</td><td>694</td><td>654</td><td>633</td><td>136</td><td></td></tr><tr><td>Budget expenditures (see table 3)</td><td></td><td>71,369</td><td>80,342</td><td>76,539</td><td>81,515</td><td>87,668</td><td>31,644</td><td></td></tr></table>
Source: Expenditures for 1962 and 1963 are from reports received from disbursing, collecting, and administrative agencies of the Government, on the monthly statement reporting basis (see page II). They are classified in accordance with classifications used in the 1963 Budget document, Table 14, 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 Table 14. Where current classifications differ on this account, they are foot-noted. Revolving fund transactions are included net in the expenditures. Expenditures by major functions for fiscal 1963 through November 1962, and fiscal 1962 through November 1961 are shown below. Details by functions are not available for publication in this issue but will appear in the January 1963 Bulletin.
2/ 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 payroll, and for similar items.
3/ Expenditures for 1962 and 1963 include those for executive direction and management made from "Salaries and Expenses, Office of Emergency Planning" and "Research and Development, Office of Emergency Planning," applicable to functional code 903.
4/ Expenditures for 1962 and 1963 include those for loans for conservation applicable to functional code 354; grading and classifying activities applicable to functional code 355; and for special milk program applicable to functional code 654. These expenditures were made from "Commodity Credit Corporation Capital Fund."
5/ See footnote 4.
6/ See footnote 7.
7/ Expenditures for 1962 and 1963 include those for assistance for elementary and secondary education applicable to functional code 701 and other aids to education applicable to functional code 704. These expenditures were made from "Defense Educational Activities, Office of Education."
8/ Expenditures for 1962 and 1963 include those for veterans' nonservice-connected pensions applicable to functional code 802 and other veterans' benefits and service applicable to functional code 805. These expenditures were made from "Compensation and Pensions, Veterans Administration."
9/ See footnote 8.
10/ See footnote 3.
* Less than $500,000.
P Preliminary.
<table><tr><th>Functions</th><th>1963 through November 1962</th><th>1962 through November 1961</th></tr><tr><td colspan="3">(In millions)</td></tr><tr><td>National defense</td><td>21,609</td><td>19,691</td></tr><tr><td>International affairs and finance</td><td>1,260</td><td>1,499</td></tr><tr><td>Space research and technology</td><td>837</td><td>401</td></tr><tr><td>Agriculture and agricultural resources</td><td>3,869</td><td>3,017</td></tr><tr><td>Natural resources</td><td>1,156</td><td>1,012</td></tr><tr><td>Commerce and transportation</td><td>1,124</td><td>1,056</td></tr><tr><td>Housing and community development</td><td>243</td><td>367</td></tr><tr><td>Health, labor, and welfare</td><td>2,147</td><td>1,986</td></tr><tr><td>Education</td><td>480</td><td>393</td></tr><tr><td>Veterans' benefits and services</td><td>2,218</td><td>2,240</td></tr><tr><td>Interest</td><td>4,093</td><td>3,714</td></tr><tr><td>General government</td><td>821</td><td>789</td></tr><tr><td>Total</td><td>39,858</td><td>36,126</td></tr><tr><td>Less: Certain interfund transactions</td><td>144</td><td>121</td></tr><tr><td>Budget expenditures</td><td>39,714</td><td>36,005</td></tr></table>
10
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(In thousands of dollars)
<table><tr><th>Type of tax</th><th colspan="3">Fiscal year</th><th colspan="2">First quarter of fiscal year</th></tr><tr><th></th><th>1960</th><th>1961</th><th>1962</th><th>1962 (July-Sept. 1961)</th><th>1963 (July-Sept. 1962)</th></tr><tr><td>Alcohol taxes: 1/</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirits.</td><td>2,292,425</td><td>2,314,746</td><td>2,423,130</td><td>559,923</td><td>576,492</td></tr><tr><td>Wines.</td><td>100,369</td><td>97,803</td><td>99,922</td><td>20,859</td><td>22,822</td></tr><tr><td>Beer.</td><td>800,921</td><td>800,252</td><td>818,030</td><td>232,737</td><td>237,310</td></tr><tr><td>Total alcohol taxes.</td><td>3,193,714</td><td>3,212,801</td><td>3,341,282</td><td>813,520</td><td>836,624</td></tr><tr><td>Tobacco taxes: 1/</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars.</td><td>50,117</td><td>49,604</td><td>49,726 2/</td><td>13,377</td><td>12,906 2/</td></tr><tr><td>Cigarettes.</td><td>1,863,562</td><td>1,923,540</td><td>1,956,527</td><td>484,795</td><td>498,544</td></tr><tr><td>Other.</td><td>17,825</td><td>17,974</td><td>19,483</td><td>4,462</td><td>4,559</td></tr><tr><td>Total tobacco taxes.</td><td>1,931,504</td><td>1,991,117</td><td>2,025,736</td><td>502,634</td><td>516,010</td></tr><tr><td>Documentary and certain other stamp taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Documentary stamp taxes 2/.</td><td>131,134</td><td>141,290</td><td>150,639</td><td>35,333</td><td>34,391</td></tr><tr><td>Playing cards.</td><td>8,075</td><td>8,046</td><td>8,625</td><td>1,848</td><td>1,797</td></tr><tr><td>Silver bullion sales or transfers.</td><td>22</td><td>14</td><td>55</td><td>3r</td><td>32</td></tr><tr><td>Total documentary and certain other stamp taxes.</td><td>139,231</td><td>149,350</td><td>159,319</td><td>37,185</td><td>36,220</td></tr><tr><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gasoline 4/.</td><td>2,015,863</td><td>2,370,303</td><td>2,406,001</td><td>620,445</td><td>630,926</td></tr><tr><td>Lubricating oil, etc.</td><td>81,679</td><td>74,296</td><td>72,931</td><td>19,058</td><td>19,911</td></tr><tr><td>Tires, tubes, and tread rubber 4/.</td><td>304,466</td><td>279,572</td><td>360,338</td><td>80,612</td><td>103,244</td></tr><tr><td>Passenger automobiles, chassis, bodies, etc.</td><td>1,331,292</td><td>1,228,629</td><td>1,300,344</td><td>324,019</td><td>399,551</td></tr><tr><td>Trucks and buses, chassis, bodies, etc. 4/.</td><td>271,938</td><td>236,659</td><td>256,275</td><td>70,024</td><td>77,409</td></tr><tr><td>Parts and accessories for automobiles, trucks, etc.</td><td>189,476</td><td>188,819</td><td>197,227</td><td>45,288</td><td>52,958</td></tr><tr><td>Radio and television sets, phonographs, components, etc.</td><td>169,451</td><td>148,989</td><td>171,717</td><td>30,726</td><td>37,982</td></tr><tr><td>Refrigerators, freezers, air-conditioners, etc.</td><td>50,034</td><td>55,920</td><td>54,636</td><td>18,370</td><td>20,371</td></tr><tr><td>Electric, gas, and oil appliances.</td><td>69,276</td><td>64,483</td><td>65,574</td><td>17,532</td><td>15,407</td></tr><tr><td>Pistols and revolvers.</td><td>1,986</td><td>1,549</td><td>1,762</td><td>416</td><td>376</td></tr><tr><td>Phonograph records.</td><td>24,324</td><td>22,823</td><td>24,299</td><td>4,591</td><td>4,984</td></tr><tr><td>Musical instruments.</td><td>18,023</td><td>18,113</td><td>19,036</td><td>3,400</td><td>3,451</td></tr><tr><td>Sporting goods (other than fishing rods, creels, etc.).</td><td>13,611</td><td>14,710</td><td>15,458</td><td>4,531</td><td>4,768</td></tr><tr><td>Fishing rods, creels, etc.</td><td>5,836</td><td>6,253</td><td>6,032</td><td>1,667</td><td>1,727</td></tr><tr><td>Business and store machines.</td><td>99,370</td><td>98,305</td><td>81,710</td><td>23,028</td><td>18,989</td></tr><tr><td>Camera, lenses, film, and projectors.</td><td>26,234</td><td>25,268</td><td>25,306</td><td>6,819</td><td>6,949</td></tr><tr><td>Electric light bulbs and tubes.</td><td>31,762</td><td>32,924</td><td>33,990</td><td>7,999</td><td>8,332</td></tr><tr><td>Firearms (other than pistols and revolvers), shells and cartridges.</td><td>15,590</td><td>14,985</td><td>14,912</td><td>4,235</td><td>4,769</td></tr><tr><td>Mechanical pencils, pens, and lighters.</td><td>9,632</td><td>9,035</td><td>8,138</td><td>1,923</td><td>1,720</td></tr><tr><td>Matches.</td><td>5,287</td><td>5,165</td><td>4,653</td><td>1,324</td><td>1,214</td></tr><tr><td>Total manufacturers' excise taxes.</td><td>4,735,129</td><td>4,896,802</td><td>5,120,340</td><td>1,285,805</td><td>1,415,238</td></tr><tr><td>Retailers' excise taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Furs.</td><td>30,207</td><td>29,226</td><td>30,921</td><td>4,269</td><td>3,637</td></tr><tr><td>Jewelry, etc.</td><td>165,699</td><td>168,498</td><td>173,608</td><td>39,036</td><td>37,525</td></tr><tr><td>Luggage, etc.</td><td>62,573</td><td>68,182</td><td>68,599</td><td>16,412</td><td>17,502</td></tr><tr><td>Toilet preparations.</td><td>120,211</td><td>131,743</td><td>142,792</td><td>33,279</td><td>34,821</td></tr><tr><td>Total retailers' excise taxes.</td><td>378,690</td><td>397,649</td><td>415,920</td><td>92,996</td><td>93,485</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
11
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts - (Continued)
(In thousands of dollars)
<table><tr><th>Type of tax</th><th colspan="3">Fiscal year</th><th colspan="2">First quarter of fiscal year</th></tr><tr><th></th><th>1960</th><th>1961</th><th>1962</th><th>1962 (July-Sept. 1961)</th><th>1963 (July-Sept. 1962)</th></tr><tr><td>Miscellaneous excise taxes:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Admissions to theaters, concerts, etc.</td><td>34,494</td><td>36,679</td><td>38,382</td><td>10,133</td><td>10,599</td></tr><tr><td>Admissions to cabarets, roof gardens, etc.</td><td>49,605</td><td>33,603</td><td>35,037</td><td>8,759</td><td>9,058</td></tr><tr><td>Club dues and initiation fees</td><td>67,187</td><td>64,357</td><td>68,300</td><td>19,036</td><td>18,350</td></tr><tr><td>Toll telephone service, telegraph, cable, radio, etc.</td><td>312,055</td><td>343,894</td><td>344,764</td><td>87,135</td><td>81,715</td></tr><tr><td>wire mileage service, wire and equipment service</td><td>426,242</td><td>483,408</td><td>489,155</td><td>122,603</td><td>115,687</td></tr><tr><td>General telephone service</td><td>50</td><td>387</td><td>49</td><td>8</td><td>3</td></tr><tr><td>Transportation of oil by pipeline 2/</td><td>255,459</td><td>264,262</td><td>260,052</td><td>69,059</td><td>67,073</td></tr><tr><td>Transportation of persons</td><td>3,140</td><td>1,306</td><td>568</td><td>166</td><td>102</td></tr><tr><td>Transportation of property (including coal) 2/</td><td>6,378</td><td>6,581</td><td>6,546</td><td>1,642</td><td>1,520</td></tr><tr><td>Use of safe deposit boxes</td><td>389</td><td>89</td><td>5</td><td>2</td><td>2</td></tr><tr><td>Coconut and other vegetable oils processed 6/</td><td>89,856</td><td>91,818</td><td>95,158</td><td>24,821</td><td>23,499</td></tr><tr><td>Sugar</td><td>71,869</td><td>88,856</td><td>103,556</td><td>25,311</td><td>25,349</td></tr><tr><td>Diesel and special motor fuels 4/ 7/</td><td>1,076</td><td>1,107</td><td>1,089</td><td>260</td><td>275</td></tr><tr><td>Narcotics and marihuans, including occupational taxes</td><td>5,348</td><td>5,535</td><td>4,794</td><td>2,581</td><td>2,866</td></tr><tr><td>Coin-operated amusement devices</td><td>14,989</td><td>18,375</td><td>14,824</td><td>9,171</td><td>10,356</td></tr><tr><td>Coin-operated gaming devices</td><td>3,670</td><td>4,317</td><td>4,184</td><td>2,409</td><td>2,962</td></tr><tr><td>Bowling alleys, pool tables, etc.</td><td>560</td><td>641</td><td>580</td><td>250</td><td>227</td></tr><tr><td>Wagering occupational tax</td><td>6,084</td><td>6,682</td><td>5,349</td><td>1,607</td><td>1,398</td></tr><tr><td>Wagers</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Use tax on highway motor vehicles weighing over 26,000 pounds 4/</td><td>38,333</td><td>45,575</td><td>79,761</td><td>41,080</td><td>49,768</td></tr><tr><td>Adulterated and process or renovated butter, filled cheese, and imported oleomargarine</td><td>2</td><td>2</td><td>32</td><td>16</td><td>2</td></tr><tr><td>Firearms transfer and occupational taxes</td><td>44</td><td>51</td><td>66</td><td>22</td><td>18</td></tr><tr><td>Total miscellaneous excise taxes</td><td>1,386,829</td><td>1,497,526</td><td>1,552,250</td><td>426,068</td><td>420,829</td></tr><tr><td>Total received with returns and from sale of stamps</td><td>11,765,097</td><td>12,145,245</td><td>12,614,848</td><td>3,158,207</td><td>3,318,403</td></tr><tr><td>Undistributed depositary receipts 8/</td><td>98,007</td><td>-81,639</td><td>98,351</td><td>-4,132</td><td>14,377</td></tr><tr><td>Unapplied collections</td><td>1,637</td><td>696</td><td>38,977</td><td>2,187</td><td>63,605</td></tr><tr><td>Total excise taxes</td><td>11,864,741</td><td>12,064,302</td><td>12,752,176</td><td>3,156,261</td><td>3,396,385</td></tr></table>
Source: Internal Revenue Service reports. The figures shown include collections for credit to special accounts for certain island possessions. Floor stocks taxes are included with the related classes of tax. Full detail on a monthly basis is available from the Internal Revenue Service. 1/ Beginning October 1, 1961, the Bureau of Customs was authorized to accept and deposit payments of Internal revenue taxes on tobacco. 2/ Items imported or brought into the United States (26 C.F.R. 275.62). Collections of this type by Customs during October 1961 were included with reporting on class E cigars. 3/ Taxes on issuance and transfers of capital stock and of corporate securities (bonds, debentures, etc.), deeds of conveyance, and policies issued by foreign insurers.
1/ Beginning with the fiscal year 1957, collections reflect the provisions of the Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C. 120 note).
2/ Repealed effective August 1, 1958, by an act approved June 30, 1958 (26 U.S.C. 4292 note).
3/ The tax of 3 cents per pound, applicable to the first domestic processing of coconut oil and other vegetable oils, which was suspended from October 1, 1957, through June 30, 1960, under the acts approved August 30, 1957, and May 29, 1959, is further suspended until June 30, 1963, under an act approved April 22, 1960 (26 U.S.C. 4511 (e)).
4/ Excludes diesel fuel not for use in highway vehicles.
5/ Amount of excise tax depositary receipts issued, less amount received with returns and distributed by detailed class of tax. Revised.
12
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Net receipts, or expenditures (-), from trust account and other transactions</th><th colspan="3">Trust and deposit fund accounts</th><th rowspan="2">Net sale, or investment (-), by Government agencies in public debt securities 2/</th><th rowspan="2">Net sale, or redemption (-), of securities of Government agencies in the market</th></tr><tr><th>Excess of receipts, or expenditures (-)</th><th>Net receipts 1/</th><th>Net expenditures 1/</th></tr><tr><td>1955</td><td>231</td><td>991 3/</td><td>9,521</td><td>8,530 3/</td><td>-1,362 3/</td><td>602 3/</td></tr><tr><td>1956</td><td>-194</td><td>2,240</td><td>11,673</td><td>9,423</td><td>-6,617</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>16,097</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</td><td>-602</td><td>565</td><td>23,583 5/</td><td>23,018 5/</td><td>-439</td><td>-733</td></tr><tr><td>1962</td><td>436</td><td>213</td><td>24,325</td><td>24,111</td><td>-435</td><td>658</td></tr><tr><td>1963 (Est.)</td><td>n.a.</td><td>571</td><td>26,823</td><td>26,252</td><td>n.a.</td><td>n.a.</td></tr><tr><td>1962-January</td><td>-152</td><td>-1,455</td><td>866</td><td>2,322</td><td>1,137</td><td>165</td></tr><tr><td>February</td><td>381</td><td>716</td><td>2,753</td><td>2,027</td><td>-437</td><td>102</td></tr><tr><td>March</td><td>-145</td><td>-212</td><td>1,828</td><td>2,040</td><td>13</td><td>55</td></tr><tr><td>April</td><td>132</td><td>-279</td><td>1,587</td><td>1,867</td><td>455</td><td>-43</td></tr><tr><td>May</td><td>258</td><td>2,461</td><td>4,053</td><td>1,591</td><td>-2,182</td><td>-21</td></tr><tr><td>June</td><td>-317</td><td>320</td><td>2,575</td><td>2,255</td><td>-642</td><td>5</td></tr><tr><td>July</td><td>208</td><td>-664</td><td>1,194</td><td>1,859</td><td>992</td><td>-119</td></tr><tr><td>August</td><td>-59</td><td>1,365</td><td>3,447</td><td>2,082</td><td>-1,470</td><td>46</td></tr><tr><td>September</td><td>-126</td><td>-739</td><td>1,622</td><td>2,362</td><td>572</td><td>41</td></tr><tr><td>October</td><td>-15</td><td>-821</td><td>1,377</td><td>2,197</td><td>796</td><td>10</td></tr><tr><td>November</td><td>106</td><td>485</td><td>2,531</td><td>2,047</td><td>-332</td><td>3</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 November 13, 1962, 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.
Also includes guaranteed securities (see Table 4).
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). 4/ Figures for 1955 have been revised to the new classification basis. Adjusted for reclassification of certain repayments of advances from the general fund. 5/ Beginning fiscal 1961, refunds of taxes (principal only) are deducted from receipts, and therefore are excluded from expenditures. Not available.
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 accounts</th><th>Less: Intertrust fund transactions 2/</th><th>Net trust account receipts 2/</th></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>57</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</td><td>711</td><td>21,442</td><td>908</td><td>20,534</td></tr><tr><td>1961</td><td>11,824 2/</td><td>1,083 2/</td><td>1,051</td><td>3,803 2/ 6/</td><td>668</td><td>58</td><td>2,033</td><td>2,800 5/</td><td>779</td><td>24,098 2/</td><td>515</td><td>23,583 2/</td></tr><tr><td>1962</td><td>12,011</td><td>1,092</td><td>1,081</td><td>3,985</td><td>664</td><td>54</td><td>2,086</td><td>2,955</td><td>925</td><td>24,853</td><td>528</td><td>24,325</td></tr><tr><td>1963 (Est.)</td><td>13,853</td><td>1,149</td><td>1,111</td><td>4,071</td><td>680</td><td>52</td><td>2,068</td><td>3,236</td><td>1,092</td><td>27,312</td><td>490</td><td>26,823</td></tr><tr><td>1st-January</td><td>148</td><td>12</td><td>13</td><td>209</td><td>48</td><td>2</td><td>146</td><td>231</td><td>64</td><td>875</td><td>8</td><td>866</td></tr><tr><td>February</td><td>1,656</td><td>146</td><td>84</td><td>410</td><td>40</td><td>1</td><td>141</td><td>207</td><td>71</td><td>2,758</td><td>15</td><td>2,743</td></tr><tr><td>March</td><td>1,046</td><td>88</td><td>64</td><td>110</td><td>45</td><td>2</td><td>150</td><td>248</td><td>88</td><td>1,841</td><td>14</td><td>1,828</td></tr><tr><td>April</td><td>728</td><td>62</td><td>16</td><td>240</td><td>41</td><td>2</td><td>203</td><td>230</td><td>76</td><td>1,597</td><td>10</td><td>1,587</td></tr><tr><td>May</td><td>2,303</td><td>189</td><td>89</td><td>944</td><td>41</td><td>2</td><td>153</td><td>264</td><td>76</td><td>4,102</td><td>10</td><td>4,093</td></tr><tr><td>June</td><td>1,109</td><td>120</td><td>512</td><td>211</td><td>211</td><td>36</td><td>428</td><td>237</td><td>97</td><td>2,961</td><td>386</td><td>2,575</td></tr><tr><td>July</td><td>409</td><td>36</td><td>13</td><td>188</td><td>45</td><td>3</td><td>149</td><td>281</td><td>73</td><td>1,139</td><td>1</td><td>1,194</td></tr><tr><td>August</td><td>1,848</td><td>156</td><td>89</td><td>752</td><td>42</td><td>1</td><td>159</td><td>332</td><td>79</td><td>3,459</td><td>12</td><td>3,447</td></tr><tr><td>September</td><td>840</td><td>76</td><td>51</td><td>88</td><td>37</td><td>1</td><td>137</td><td>288</td><td>104</td><td>1,623</td><td>1</td><td>1,622</td></tr><tr><td>October</td><td>520</td><td>44</td><td>16</td><td>162</td><td>43</td><td>2</td><td>171</td><td>277</td><td>143</td><td>1,378</td><td>1</td><td>1,377</td></tr><tr><td>November</td><td>1,256</td><td>108</td><td>82</td><td>439</td><td>39</td><td>1</td><td>163</td><td>220</td><td>188</td><td>2,353</td><td>14</td><td>2,331</td></tr></table>
Include principally District of Columbia receipts from taxes and from federal contributions, loans, and grant; 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 through November 1958, for treatment after November 1958, see Table 10, published quarterly. 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 See Table 1, footnote 4.
5 See Table 1, footnote 5.
6 Beginning fiscal 1961, tax receipts under the Federal Unemployment Tax Act are transferred currently to an administration account in the Unemployment Trust Fund pursuant to the Employment Security Act of 1960, approved September 13, 1960 (42 U.S.C. 1101 (b)); see "Budget Receipts and Expenditures," Table 1, footnote 11.
December 1962
13
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
<table><tr><th>Fiscal year or month</th><th colspan="9">Trust accounts, etc.</th></tr><tr><th></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>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>206</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</td><td>11,752 2/</td><td>746 2/</td><td>1,124</td><td>4,734 2 4/</td><td>707</td><td>94</td><td>955</td><td>2,620 2/</td><td>-16</td><td>-73</td></tr><tr><td>1962</td><td>13,270</td><td>1,089</td><td>1,135</td><td>3,906</td><td>626</td><td>96</td><td>1,063</td><td>2,784</td><td>-</td><td>317</td></tr><tr><td>1963 (Est.)</td><td>14,164</td><td>1,150</td><td>1,112</td><td>4,045</td><td>597</td><td>68</td><td>1,169</td><td>3,001</td><td></td><td>240</td></tr><tr><td>1962-January</td><td>1,086</td><td>84</td><td>94</td><td>422</td><td>58</td><td>7</td><td>89</td><td>222</td><td>65</td><td>84</td></tr><tr><td>February</td><td>1,096</td><td>89</td><td>100</td><td>402</td><td>49</td><td>6</td><td>86</td><td>134</td><td>-32</td><td>59</td></tr><tr><td>March</td><td>1,117</td><td>87</td><td>101</td><td>398</td><td>55</td><td>6</td><td>92</td><td>153</td><td>27</td><td>-6</td></tr><tr><td>April</td><td>1,134</td><td>94</td><td>84</td><td>347</td><td>54</td><td>6</td><td>91</td><td>132</td><td>25</td><td>-73</td></tr><tr><td>May</td><td>1,137</td><td>91</td><td>96</td><td>246</td><td>49</td><td>9</td><td>93</td><td>178</td><td>-1</td><td>-47</td></tr><tr><td>June</td><td>1,503</td><td>103</td><td>89</td><td>339</td><td>48</td><td>7</td><td>92</td><td>330</td><td>21</td><td>-52</td></tr><tr><td>July</td><td>1,146</td><td>93</td><td>88</td><td>205</td><td>53</td><td>10</td><td>94</td><td>239</td><td>-64</td><td>-33</td></tr><tr><td>August</td><td>1,157</td><td>94</td><td>99</td><td>204</td><td>52</td><td>7</td><td>96</td><td>317</td><td>30</td><td>-5</td></tr><tr><td>September</td><td>1,157</td><td>93</td><td>88</td><td>218</td><td>43</td><td>4</td><td>95</td><td>279</td><td>*</td><td>25</td></tr><tr><td>October</td><td>1,173</td><td>98</td><td>89</td><td>213</td><td>50</td><td>5</td><td>98</td><td>349</td><td>12</td><td>8</td></tr><tr><td>November</td><td>1,167</td><td>96</td><td>101</td><td>240</td><td>45</td><td>5</td><td>95</td><td>308</td><td>-16</td><td>3</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Trust account, etc. - (Cont.)</th><th colspan="4">Deposit fund accounts (net)</th><th rowspan="2">Total trust and deposit fund account expenditures</th><th rowspan="2">Less: Intertrust fund transactions 6/</th><th rowspan="2">Net trust and deposit fund account expenditures 7/</th></tr><tr><th>Other trust accounts, etc. 5/</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 deposit fund accounts</th><th>Total deposit fund accounts</th></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 9/</td><td>12,743</td><td>39</td><td>-86</td><td>39</td><td>-8</td><td>224</td><td>216</td><td>12,999</td><td>10</td><td>12,990</td></tr><tr><td>1958</td><td>915 9/</td><td>16,159</td><td>460</td><td>167</td><td>-620</td><td>7</td><td>-98</td><td>-91</td><td>16,068</td><td>11</td><td>16,057</td></tr><tr><td>1959</td><td>672 9/</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</td><td>698</td><td>23,342 3/</td><td>434</td><td>-195</td><td>-224</td><td>15</td><td>176</td><td>191</td><td>23,533 3/</td><td>515</td><td>23,018</td></tr><tr><td>1962</td><td>868</td><td>25,154</td><td>30</td><td>-1,122</td><td>1,086</td><td>-6</td><td>-509</td><td>-515</td><td>24,639</td><td>528</td><td>24,111</td></tr><tr><td>1963 (Est.)</td><td>n.a.</td><td>n.a.</td><td>254</td><td>-400</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>26,742</td><td>490</td><td>26,252</td></tr><tr><td>1962-January</td><td>82</td><td>2,292</td><td>400</td><td>-98</td><td>-313</td><td>-10</td><td>48</td><td>38</td><td>2,330</td><td>8</td><td>2,322</td></tr><tr><td>February</td><td>61</td><td>2,050</td><td>-72</td><td>122</td><td>-16</td><td>35</td><td>-43</td><td>-8</td><td>2,041</td><td>15</td><td>2,027</td></tr><tr><td>March</td><td>91</td><td>2,121</td><td>342</td><td>-200</td><td>-132</td><td>10</td><td>-78</td><td>-68</td><td>2,093</td><td>14</td><td>2,040</td></tr><tr><td>April</td><td>69</td><td>1,962</td><td>-283</td><td>37</td><td>238</td><td>-8</td><td>-78</td><td>-86</td><td>1,876</td><td>10</td><td>1,867</td></tr><tr><td>May</td><td>103</td><td>1,952</td><td>-14</td><td>-185</td><td>206</td><td>7</td><td>-358</td><td>-351</td><td>1,601</td><td>10</td><td>1,591</td></tr><tr><td>June</td><td>72</td><td>2,552</td><td>-79</td><td>-294</td><td>371</td><td>-2</td><td>-91</td><td>89</td><td>2,641</td><td>386</td><td>2,255</td></tr><tr><td>July</td><td>52</td><td>1,882</td><td>51</td><td>-382</td><td>341</td><td>10</td><td>-32</td><td>-22</td><td>1,860</td><td>1</td><td>1,859</td></tr><tr><td>August</td><td>65</td><td>2,116</td><td>41</td><td>-254</td><td>195</td><td>-18</td><td>-4</td><td>-22</td><td>2,094</td><td>12</td><td>2,082</td></tr><tr><td>September</td><td>59</td><td>2,063</td><td>-51</td><td>6</td><td>36</td><td>-9</td><td>309</td><td>300</td><td>2,363</td><td>1</td><td>2,362</td></tr><tr><td>October</td><td>57</td><td>2,152</td><td>443</td><td>-395</td><td>-50</td><td>-2</td><td>47</td><td>46</td><td>2,198</td><td>1</td><td>2,197</td></tr><tr><td>November</td><td>72</td><td>2,115</td><td>67</td><td>68</td><td>-137</td><td>-2</td><td>-52</td><td>-55</td><td>2,060</td><td>14</td><td>2,047</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 1, footnote 5.
4/ See Table 2, footnote 6.
5/ 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 through November 1958 (see Table 10, published quarterly), the Employees' Life Insurance Fund (net) and the Employees' Health Benefits Fund (net) beginning 1961.
6/ For content see Table 6. These transactions are included in the detail
7/ Excludes certain intertrust fund transactions consisting principally of financial interchanges between trust funds resulting in receipts and expenditures (see footnote 6).
8/ Includes security transactions of Government-sponsored enterprises (see Table 1, footnote 3).
2/ 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.
* Less than $500,000.
s. Not available.
14
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
<table><tr><th>Fiscal year or month</th><th>Total 1/</th><th>Total trust accounts 2/</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 3/</th><th>Other trust accounts</th></tr><tr><td>1955</td><td>1,362</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</td><td>435</td><td>286</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>41</td></tr><tr><td>1962</td><td>435</td><td>244</td><td>-1,089</td><td>21</td><td>-63</td><td>72</td><td>44</td><td>-44</td><td>1,034</td><td>202</td><td>-</td><td>66</td></tr><tr><td>1963 (Est.)</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>-</td><td>n.a.</td></tr><tr><td>1962-January</td><td>-1,137</td><td>-1,141</td><td>-828</td><td>-57</td><td>-69</td><td>-267</td><td>-3</td><td>-4</td><td>65</td><td>5</td><td>-</td><td>18</td></tr><tr><td>February</td><td>437</td><td>404</td><td>357</td><td>38</td><td>-34</td><td>-35</td><td>-11</td><td>-4</td><td>54</td><td>38</td><td>-</td><td>1</td></tr><tr><td>March</td><td>-13</td><td>23</td><td>61</td><td>14</td><td>-16</td><td>-179</td><td>-9</td><td>-4</td><td>61</td><td>98</td><td>-</td><td>-3</td></tr><tr><td>April</td><td>-455</td><td>-455</td><td>-319</td><td>-25</td><td>-73</td><td>-259</td><td>-9</td><td>-6</td><td>112</td><td>111</td><td>-</td><td>13</td></tr><tr><td>May</td><td>2,182</td><td>2,127</td><td>1,101</td><td>74</td><td>-7</td><td>823</td><td>-8</td><td>-6</td><td>62</td><td>90</td><td>-</td><td>-3</td></tr><tr><td>June</td><td>642</td><td>546</td><td>-341</td><td>38</td><td>423</td><td>-118</td><td>164</td><td>27</td><td>333</td><td>19</td><td>-</td><td>3</td></tr><tr><td>July</td><td>-992</td><td>-1,013</td><td>-852</td><td>-67</td><td>-72</td><td>-79</td><td>-10</td><td>-6</td><td>55</td><td>-15</td><td>-</td><td>32</td></tr><tr><td>August</td><td>1,470</td><td>1,449</td><td>752</td><td>45</td><td>-6</td><td>622</td><td>-7</td><td>-4</td><td>63</td><td>*</td><td>-</td><td>-16</td></tr><tr><td>September</td><td>-572</td><td>-520</td><td>-369</td><td>-4</td><td>-55</td><td>-109</td><td>-9</td><td>-3</td><td>41</td><td>-11</td><td>-</td><td>*</td></tr><tr><td>October</td><td>-796</td><td>-847</td><td>-655</td><td>-46</td><td>-66</td><td>-126</td><td>-5</td><td>-4</td><td>74</td><td>-41</td><td>-</td><td>22</td></tr><tr><td>November</td><td>382</td><td>369</td><td>135</td><td>-4</td><td>-20</td><td>286</td><td>-3</td><td>-2</td><td>64</td><td>-90</td><td>-</td><td>3</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="7">Public enterprise funds</th><th colspan="6">Government-sponsored enterprises</th></tr><tr><th>Total public enterprise funds</th><th>Federal Housing Administration</th><th>Federal intermediate credit banks 1/</th><th>Production credit corporations 2/</th><th>Federal National Mortgage Association 3/</th><th>Federal Savings and Loan Insurance Corp.</th><th>Tennessee Valley Authority</th><th>Other</th><th>Total Government-sponsored enterprises 2/</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 3/</th></tr><tr><td>1955</td><td>126</td><td>95 7/</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 7/</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</td><td>149</td><td>97</td><td>-</td><td>-</td><td>8</td><td>34</td><td>-12</td><td>22</td><td>434</td><td>3</td><td>148</td><td>287</td><td>-5</td><td>1</td></tr><tr><td>1962</td><td>191</td><td>-32</td><td>-</td><td>-</td><td>42</td><td>229</td><td>-29</td><td>-18</td><td>30</td><td>-3</td><td>154</td><td>-122</td><td>-2</td><td>3</td></tr><tr><td>1963 (Est.)</td><td>n.a.</td><td>n.a.</td><td>-</td><td>-</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>254</td><td>-</td><td>154</td><td>100</td><td>-</td><td>-</td></tr><tr><td>1962-January</td><td>4</td><td>12</td><td>-</td><td>-</td><td>7</td><td>8</td><td>-25</td><td>2</td><td>400</td><td>*</td><td>39</td><td>359</td><td>1</td><td>*</td></tr><tr><td>February</td><td>34</td><td>5</td><td>-</td><td>-</td><td>2</td><td>2</td><td>25</td><td>*</td><td>-72</td><td>*</td><td>58</td><td>-131</td><td>1</td><td>*</td></tr><tr><td>March</td><td>-36</td><td>-52</td><td>-</td><td>-</td><td>8</td><td>5</td><td>3</td><td>*</td><td>342</td><td>-</td><td>-4</td><td>348</td><td>-2</td><td>*</td></tr><tr><td>April</td><td>*</td><td>-6</td><td>-</td><td>-</td><td>2</td><td>7</td><td>-</td><td>-3</td><td>-283</td><td>-</td><td>6</td><td>-289</td><td>-</td><td>-</td></tr><tr><td>May</td><td>55</td><td>8</td><td>-</td><td>-</td><td>6</td><td>50</td><td>-10</td><td>1</td><td>-14</td><td>-</td><td>16</td><td>-30</td><td>-1</td><td>1</td></tr><tr><td>June</td><td>96</td><td>5</td><td>-</td><td>-</td><td>-3</td><td>124</td><td>-34</td><td>3</td><td>-79</td><td>*</td><td>4</td><td>-83</td><td>-</td><td>*</td></tr><tr><td>July</td><td>22</td><td>3</td><td>-</td><td>-</td><td>7</td><td>18</td><td>-8</td><td>1</td><td>51</td><td>-</td><td>-</td><td>51</td><td>-</td><td>-</td></tr><tr><td>August</td><td>21</td><td>17</td><td>-</td><td>-</td><td>-1</td><td>6</td><td>-2</td><td>2</td><td>41</td><td>8</td><td>-2</td><td>34</td><td>-</td><td>-</td></tr><tr><td>September</td><td>-53</td><td>-63</td><td>-</td><td>-</td><td>1</td><td>8</td><td>-</td><td>1</td><td>-51</td><td>-8</td><td>12</td><td>-54</td><td>-</td><td>1</td></tr><tr><td>October</td><td>51</td><td>35</td><td>-</td><td>-</td><td>5</td><td>2</td><td>-</td><td>9</td><td>443</td><td>-</td><td>4</td><td>437</td><td>-</td><td>2</td></tr><tr><td>November</td><td>13</td><td>6</td><td>-</td><td>-</td><td>-8</td><td>11</td><td>-</td><td>4</td><td>67</td><td>-</td><td>14</td><td>55</td><td>-</td><td>-2</td></tr></table>
Source: See Table 1.
1/ Excludes net investment by Government-sponsored enterprises (see Table 1, footnote 3).
2/ For explanation of difference from Budget figures, see "Cash Income and Outgo," Table 6, footnote 1.
3/ See Table 3, footnote 9.
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 15).
5/ Does not include investments representing acquired securities amounting to $1,643,070 (per value) and donation of securities amounting to $45,800 (per 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. n.a. Not available.
December 1962
15
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 1/</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>Federal Farm Mortgage Corporation</th><th>Federal Housing Administration</th><th>Home Owners' Loan Corporation</th><th>Trust enterprise fund D. C. stadium fund</th><th>Total not guaranteed 1/</th><th>Federal intermediate credit banks 2/</th><th>Federal National Mortgage Association 2/</th><th>Home Owners' Loan Corporation</th></tr><tr><td>1955</td><td>-602</td><td>37</td><td>*</td><td>37</td><td>*</td><td>-</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>-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>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>-</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>-</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>-</td><td>*</td><td>*</td></tr><tr><td>1961</td><td>733</td><td>-100</td><td>*</td><td>-81</td><td>*</td><td>-19</td><td>833</td><td>-</td><td>797</td><td>*</td></tr><tr><td>1962</td><td>-698</td><td>-204</td><td>*</td><td>-204</td><td>*</td><td>-</td><td>-454</td><td>-</td><td>*</td><td>*</td></tr><tr><td>1963 (Est.)</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>1962-January</td><td>-165</td><td>-16</td><td>*</td><td>-16</td><td>*</td><td>-</td><td>-149</td><td>-</td><td>-</td><td>*</td></tr><tr><td>February</td><td>-102</td><td>-29</td><td>-</td><td>-29</td><td>*</td><td>-</td><td>-78</td><td>-</td><td>*</td><td>-</td></tr><tr><td>March</td><td>-55</td><td>-51</td><td>-</td><td>-51</td><td>-</td><td>-</td><td>-24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April</td><td>43</td><td>-4</td><td>-</td><td>-4</td><td>*</td><td>-</td><td>47</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May</td><td>21</td><td>-29</td><td>*</td><td>-29</td><td>*</td><td>-</td><td>46</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June</td><td>-5</td><td>-14</td><td>*</td><td>-14</td><td>*</td><td>-</td><td>9</td><td>-</td><td>-</td><td>*</td></tr><tr><td>July</td><td>119</td><td>-3</td><td>*</td><td>-3</td><td>*</td><td>-</td><td>123</td><td>-</td><td>-</td><td>-</td></tr><tr><td>August</td><td>-46</td><td>-22</td><td>*</td><td>-22</td><td>*</td><td>-</td><td>-24</td><td>-</td><td>*</td><td>*</td></tr><tr><td>September</td><td>-41</td><td>-18</td><td>-</td><td>-18</td><td>*</td><td>-</td><td>-24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October</td><td>-10</td><td>1</td><td>*</td><td>1</td><td>-</td><td>-</td><td>-11</td><td>-</td><td>-</td><td>-</td></tr><tr><td>November</td><td>-3</td><td>-16</td><td>*</td><td>-15</td><td>*</td><td>-</td><td>13</td><td>-</td><td>-</td><td>-</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="2">Public enterprise funds - (Cont.)</th><th colspan="6">Trust enterprise funds</th><th colspan="4">Memorandum</th></tr><tr><th>Tennessee Valley Authority</th><th>Federal intermediate credit banks 2/</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 2/</th><th>Federal land banks</th></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>-238</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>-225</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>-58</td><td>-115</td><td>-1,222</td><td>-20</td><td>282</td><td>-340</td><td>-95</td></tr><tr><td>1959</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>1960</td><td>-50</td><td>-</td><td>86</td><td>-195</td><td>-52</td><td>200</td><td>-124</td><td>-220</td></tr><tr><td>1961</td><td>-95</td><td>-</td><td>-359</td><td>-1,122</td><td>-48</td><td>-750</td><td>-132</td><td>-192</td></tr><tr><td>1962</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1963 (Est.)</td><td>n.a.</td><td></td><td>n.a.</td><td>-400</td><td>-40</td><td>-</td><td>-160</td><td>-200</td></tr><tr><td>1962-January</td><td>-</td><td>-</td><td>-149</td><td>-98</td><td>-</td><td>-114</td><td>16</td><td>*</td></tr><tr><td>February</td><td>-45</td><td>-</td><td>-33</td><td>122</td><td>-18</td><td>238</td><td>-33</td><td>-65</td></tr><tr><td>March</td><td>-</td><td>-</td><td>-24</td><td>-200</td><td>*</td><td>-160</td><td>-41</td><td>1</td></tr><tr><td>April</td><td>-</td><td>-</td><td>47</td><td>37</td><td>11</td><td>101</td><td>-74</td><td>*</td></tr><tr><td>May</td><td>-</td><td>-</td><td>46</td><td>-185</td><td>*</td><td>-65</td><td>-63</td><td>-57</td></tr><tr><td>June</td><td>-</td><td>-</td><td>9</td><td>-294</td><td>10</td><td>-231</td><td>-74</td><td>1</td></tr><tr><td>July</td><td>-</td><td>-</td><td>123</td><td>-382</td><td>*</td><td>-312</td><td>-70</td><td>*</td></tr><tr><td>August</td><td>-</td><td>-</td><td>-24</td><td>-254</td><td>-52</td><td>-126</td><td>-26</td><td>-50</td></tr><tr><td>September</td><td>-</td><td>-</td><td>-24</td><td>6</td><td>8</td><td>-25</td><td>20</td><td>3</td></tr><tr><td>October</td><td>-</td><td>-</td><td>-11</td><td>-395</td><td>-5</td><td>-448</td><td>90</td><td>-32</td></tr><tr><td>November</td><td>-</td><td>-</td><td>13</td><td>68</td><td>-</td><td>*</td><td>67</td><td>1</td></tr></table>
Source: See Table 1. 1/ Excludes net transactions of Government-sponsored enterprises (see Table 3). 2/ 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.
4/ Secondary market operations.
* Less than $500,000.
n.a. Not available.
Treasury Bulletin
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/ 2/</th><th>Unemployment Trust Fund 4/</th><th>Federal employees' retirement funds 2/</th><th>District of Columbia 6/</th><th>Total</th></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</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</td><td>361</td><td>13</td><td>101</td><td>37</td><td>3</td><td>12</td><td>528</td></tr><tr><td>1963 (Est.)</td><td>385</td><td>12</td><td>52</td><td>28</td><td>-</td><td>12</td><td>490</td></tr><tr><td>1962-January</td><td>-</td><td>-</td><td>7</td><td>-</td><td>*</td><td>1</td><td>8</td></tr><tr><td>February</td><td>-</td><td>-</td><td>14</td><td>-</td><td>*</td><td>1</td><td>15</td></tr><tr><td>March</td><td>-</td><td>-</td><td>-</td><td>12</td><td>*</td><td>1</td><td>14</td></tr><tr><td>April</td><td>-</td><td>-</td><td>8</td><td>-</td><td>*</td><td>1</td><td>10</td></tr><tr><td>May</td><td>-</td><td>-</td><td>9</td><td>-</td><td>*</td><td>1</td><td>10</td></tr><tr><td>June</td><td>361</td><td>11</td><td>-</td><td>11</td><td>3</td><td>1</td><td>386</td></tr><tr><td>July</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>1</td><td>1</td></tr><tr><td>August</td><td>-</td><td>-</td><td>11</td><td>-</td><td>*</td><td>1</td><td>12</td></tr><tr><td>September</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>1</td><td>1</td></tr><tr><td>October</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>1</td><td>1</td></tr><tr><td>November</td><td>-</td><td>-</td><td>12</td><td>-</td><td>*</td><td>1</td><td>14</td></tr></table>
Source: See Table 1.
1/ Payments are made between 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 employee's salaries to the Civil Service Retirement and Disability Fund. * Less than $500,000.
December 1962
17
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 (in the Budget for 1963 in Special Analysis B). 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 Bureau of 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 depository fund accounts. Operations of Government-sponsored enterprises are included in payments on a net basis as reflected in Treasury reports. Major intragovernmental trans-
actions which are reported as both expenditures and receipts are excluded from both. Noncash items representing the obligation of the Government to make payments in the future also are eliminated from expenditures but are added later when actual payments are made. These items consist of certain interest accrued on the public debt, expenditures involving the issuance of a few special public debt securities, and clearing accounts. Receipts from the exercise of monetary authority 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 Bureau of the Budget series, but are limited in coverage to transactions which affect the balance in that account. On the other hand, they include receipts from the exercise of monetary authority, which are excluded from receipts from the public in the Bureau of the Budget series.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
<table><tr><th>Period</th><th colspan="3">Net cash transactions with the public other than borrowing</th><th>Plus: Net cash borrowing from the public, or repayment (-)</th><th>Plus: Receipts from exercise of monetary authority</th><th colspan="2">Equals: Change in cash balances</th></tr><tr><th></th><th>Federal receipts from the public 1/</th><th>Federal payments to the public 1/</th><th>Excess of receipts, or payments (-)</th><th></th><th></th><th>Treasurer's account balance, increase, or decrease (-)</th><th>Cash held outside Treasury, increase, or decrease (-)</th></tr><tr><td>Fiscal year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></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</td><td>97,242</td><td>99,528</td><td>-2,286</td><td>698</td><td>55</td><td>-1,311</td><td>-222</td></tr><tr><td>1962</td><td>101,887</td><td>107,711</td><td>-5,824</td><td>9,621</td><td>58</td><td>3,736</td><td>118</td></tr><tr><td>1963 (Est.)</td><td>108,861</td><td>115,148</td><td>-6,287</td><td>n.a.</td><td>40</td><td>n.a.</td><td>-</td></tr><tr><td>1961-Jan.-June</td><td>53,249</td><td>50,840</td><td>2,408</td><td>-2,426</td><td>27</td><td>283</td><td>-274</td></tr><tr><td>July - Dec.</td><td>44,680</td><td>53,898</td><td>-9,217</td><td>9,180</td><td>37</td><td>-200</td><td>199</td></tr><tr><td>Total</td><td>97,929</td><td>104,738</td><td>-6,809</td><td>6,755</td><td>63</td><td>83</td><td>-74</td></tr><tr><td>1962-January</td><td>5,968</td><td>8,726</td><td>-2,758</td><td>1,243</td><td>6</td><td>-1,513</td><td>4</td></tr><tr><td>February</td><td>9,567</td><td>8,967</td><td>600</td><td>53</td><td>3</td><td>644</td><td>12</td></tr><tr><td>March</td><td>10,685</td><td>8,263</td><td>2,422</td><td>-1,193</td><td>2</td><td>1,293</td><td>-62</td></tr><tr><td>April</td><td>7,060</td><td>9,074</td><td>-2,014</td><td>1,482</td><td>3</td><td>-924</td><td>395</td></tr><tr><td>May</td><td>10,850</td><td>9,160</td><td>1,690</td><td>133</td><td>4</td><td>2,145</td><td>-319</td></tr><tr><td>June</td><td>13,077</td><td>9,624</td><td>3,453</td><td>-1,278</td><td>4</td><td>2,290</td><td>-111</td></tr><tr><td>Total</td><td>57,207</td><td>53,813</td><td>3,393</td><td>440</td><td>21</td><td>3,936</td><td>-81</td></tr><tr><td>July</td><td>4,567</td><td>9,314</td><td>-4,747</td><td>778</td><td>4</td><td>-4,051</td><td>85</td></tr><tr><td>August</td><td>10,328</td><td>10,577</td><td>-249</td><td>2,344</td><td>4</td><td>2,151</td><td>-52</td></tr><tr><td>September</td><td>11,140</td><td>8,639</td><td>2,501</td><td>-1,706</td><td>4</td><td>738</td><td>60</td></tr><tr><td>October</td><td>4,150</td><td>10,149</td><td>-5,998</td><td>3,206</td><td>4</td><td>-2,750</td><td>-39</td></tr><tr><td>November</td><td>9,289</td><td>10,021</td><td>-732</td><td>1,262</td><td>4</td><td>591</td><td>-57</td></tr><tr><td>1963 to date</td><td>39,474</td><td>48,700</td><td>-9,226</td><td>5,883</td><td>19</td><td>-3,322</td><td>-2</td></tr></table>
1/ Figures in this column differ from those published prior to the September 1960 Treasury Bulletin because of the exclusion of a few additional items of budget receipts which are also budget expenditures (see Tables 2 and 3). n.a. Not available.
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 1963 Budget Review, released November 13, 1962, including effects of proposed legislation.
18
Treasury Bulletin
CASH INCOME AND OUTGO
Table 2.- 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>Period</th><th colspan="3">Receipts (net) 1/</th><th colspan="4">Less: Deductions from receipts</th><th>Equals: Federal receipts from the public 4/</th><th colspan="2">Reconciliation to cash transactions in Treasurer's account</th><th>Equals: Cash deposits in the Treasurer's account</th></tr><tr><th></th><th>Budget</th><th>Trust account</th><th>Total</th><th>Intragovernmental transactions (See Table 4) 1/</th><th>Excess profits tax refund bond redemptions 2/</th><th>Receipts from exercise of monetary authority 3/</th><th>Total deductions 1/</th><th></th><th>Plus: Receipts from exercise of monetary authority 2/</th><th>Adjustment for net difference due to reporting method (see also Table 3) 1/</th><th></th></tr><tr><td>Fiscal year:</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>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</td><td>77,659</td><td>23,583 6/</td><td>101,243 6/</td><td>3,946 6/</td><td>*</td><td>55</td><td>4,001 6/</td><td>97,242</td><td>55</td><td>-400</td><td>96,897</td></tr><tr><td>1962</td><td>81,409</td><td>24,325</td><td>105,734</td><td>3,789</td><td>*</td><td>58</td><td>3,847</td><td>101,887</td><td>58</td><td>-337</td><td>101,608</td></tr><tr><td>1*63 (Est.)</td><td>85,900</td><td>26,823</td><td>112,723</td><td>3,822</td><td>*</td><td>40</td><td>3,862</td><td>108,861</td><td>40</td><td>-</td><td>108,901</td></tr><tr><td>1961-Jan.-June</td><td>42,330</td><td>13,588</td><td>55,918</td><td>2,643</td><td>*</td><td>27</td><td>2,670</td><td>53,249</td><td>27</td><td>38</td><td>53,314</td></tr><tr><td>July-Dec.</td><td>35,826</td><td>10,673</td><td>46,499</td><td>1,782</td><td>*</td><td>37</td><td>1,819</td><td>44,680</td><td>37</td><td>-539</td><td>44,178</td></tr><tr><td>Total</td><td>78,157</td><td>24,260</td><td>102,417</td><td>4,425</td><td>*</td><td>63</td><td>4,488</td><td>97,929</td><td>63</td><td>-500</td><td>97,492</td></tr><tr><td>1962-Jan.</td><td>5,357</td><td>866</td><td>6,224</td><td>250</td><td>*</td><td>6</td><td>256</td><td>5,968</td><td>6</td><td>354</td><td>6,327</td></tr><tr><td>Feb.</td><td>6,729</td><td>2,743</td><td>9,472</td><td>-98</td><td>*</td><td>3</td><td>-96</td><td>9,567</td><td>3</td><td>-69</td><td>9,501</td></tr><tr><td>Mar.</td><td>9,104</td><td>1,828</td><td>10,932</td><td>245</td><td>*</td><td>2</td><td>247</td><td>10,685</td><td>2</td><td>945</td><td>11,632</td></tr><tr><td>Apr.</td><td>5,754</td><td>1,587</td><td>7,341</td><td>279</td><td>*</td><td>3</td><td>281</td><td>7,060</td><td>3</td><td>-1,054</td><td>6,009</td></tr><tr><td>May</td><td>7,024</td><td>4,053</td><td>11,076</td><td>222</td><td>*</td><td>4</td><td>226</td><td>10,850</td><td>4</td><td>982</td><td>11,837</td></tr><tr><td>June</td><td>11,615</td><td>2,575</td><td>14,189</td><td>1,109</td><td>*</td><td>4</td><td>1,113</td><td>13,077</td><td>4</td><td>-956</td><td>12,124</td></tr><tr><td>Total</td><td>45,583</td><td>13,652</td><td>59,235</td><td>2,007</td><td>*</td><td>21</td><td>2,028</td><td>57,207</td><td>21</td><td>202</td><td>57,430</td></tr><tr><td>July</td><td>3,566</td><td>1,194</td><td>4,761</td><td>190</td><td>*</td><td>4</td><td>194</td><td>4,567</td><td>4</td><td>172</td><td>4,743</td></tr><tr><td>Aug.</td><td>7,089</td><td>3,447</td><td>10,536</td><td>204</td><td>*</td><td>4</td><td>208</td><td>10,328</td><td>4</td><td>1,111</td><td>11,443</td></tr><tr><td>Sept.</td><td>10,053</td><td>1,622</td><td>11,675</td><td>532</td><td>*</td><td>4</td><td>535</td><td>11,140</td><td>4</td><td>-512</td><td>10,632</td></tr><tr><td>Oct.</td><td>3,030</td><td>1,377</td><td>4,406</td><td>253</td><td>*</td><td>4</td><td>256</td><td>4,150</td><td>4</td><td>515</td><td>4,669</td></tr><tr><td>Nov.</td><td>7,027</td><td>2,531</td><td>9,559</td><td>265</td><td>*</td><td>4</td><td>269</td><td>9,289</td><td>4</td><td>1,376</td><td>10,669</td></tr></table>
Source: See Table 1. Details of basic receipt figures appear in preceding sections in the Bulletin.
1/ 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 further revised in the July 1961 issue for deductions of certain intrastate fund transactions from both trust account receipts and trust account expenditures (see pp. 2, 5, 12, and 13). Formerly such transactions were included in the Intragovernmental transactions which were deducted in deriving receipts from and payments to the public.
2/ Treated as noncash refund deductions from receipts when issued and as cash refund deductions when redeemed.
3/ Consists of seigniorage and the increment resulting from reduction in the weight of the gold dollar; excluded from receipts from the public
4/ 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).
5/ Adjusted for reclassification of certain repayments of advances from the general fund.
6/ Beginning fiscal 1961, principal amounts for refunds of taxes applicable to trust accounts, formerly included with trust account expenditures, are deducted from trust account receipts.
* Less than $500,000.
December 1962
19
CASH INCOME AND OUTGO
Table 3.- 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">Period</th><th rowspan="2">Budget 1/</th><th colspan="3">Expenditures</th><th colspan="2">Less: Deductions from expenditures</th><th rowspan="2">Equals: Federal payments to the public 2/</th><th colspan="3">Reconciliation to cash transactions in the Treasurer's account</th><th rowspan="2">Equals: Cash with drawlals from Treasurer's account</th></tr><tr><th>Trust and deposit fund account 1/</th><th>Government-sponsored enterprise (net) 2/</th><th>Total 1/</th><th>Intra-governmental transactions (See Table 4)</th><th>Accrued interest and other noncash expenditures (See Table 5)</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 6)</th><th>Adjustment for net difference due to reporting method (See also Table 2) 1/</th></tr><tr><td>Fiscal year:</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>1955</td><td>64,389</td><td>8,531</td><td>98</td><td>73,017</td><td>1,865</td><td>615</td><td>70,537</td><td>312</td><td>230</td><td>-106</td><td>69,888</td></tr><tr><td>1956</td><td>66,224</td><td>9,424 5/</td><td>324</td><td>75,972</td><td>2,412</td><td>943</td><td>72,616</td><td>202</td><td>399</td><td>-31</td><td>71,984</td></tr><tr><td>1957</td><td>68,966</td><td>12,951</td><td>45</td><td>81,962</td><td>2,767</td><td>-811</td><td>80,006</td><td>-5</td><td>549</td><td>-279</td><td>79,183</td></tr><tr><td>1958</td><td>71,369</td><td>16,059</td><td>-629</td><td>86,799</td><td>2,017</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</td><td>81,515</td><td>23,016 2/</td><td>-236</td><td>104,295 2/</td><td>3,946 2/</td><td>821</td><td>99,528</td><td>222</td><td>622</td><td>-400</td><td>98,284</td></tr><tr><td>1962</td><td>87,787</td><td>24,109</td><td>1,094</td><td>112,990</td><td>3,789</td><td>1,490</td><td>107,711</td><td>-118</td><td>866</td><td>-337</td><td>106,626</td></tr><tr><td>1963 (Est.)</td><td>93,687</td><td>26,252</td><td>146</td><td>120,085</td><td>3,822</td><td>1,115</td><td>115,148</td><td>-</td><td>-</td><td>-</td><td>115,148</td></tr><tr><td>1961</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>Jan. - June</td><td>41,298</td><td>12,679</td><td>-159</td><td>53,818</td><td>2,643</td><td>334</td><td>50,840</td><td>274</td><td>497</td><td>38</td><td>50,108</td></tr><tr><td>July - Dec.</td><td>43,165</td><td>12,010</td><td>769</td><td>55,945</td><td>1,782</td><td>265</td><td>53,898</td><td>-199</td><td>339</td><td>-539</td><td>53,219</td></tr><tr><td>Total</td><td>84,463</td><td>24,689</td><td>610</td><td>109,763</td><td>4,425</td><td>599</td><td>104,738</td><td>74</td><td>836</td><td>-500</td><td>103,327</td></tr><tr><td>1962</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>Jan.</td><td>7,395</td><td>2,322</td><td>-302</td><td>9,415</td><td>250</td><td>439</td><td>8,726</td><td>-4</td><td>22</td><td>354</td><td>9,062</td></tr><tr><td>Feb.</td><td>6,858</td><td>2,027</td><td>-51</td><td>8,834</td><td>-98</td><td>-35</td><td>8,967</td><td>-12</td><td>99</td><td>-69</td><td>8,810</td></tr><tr><td>Mar.</td><td>7,749</td><td>2,040</td><td>-142</td><td>9,646</td><td>245</td><td>1,138</td><td>8,263</td><td>62</td><td>81</td><td>945</td><td>9,064</td></tr><tr><td>Apr.</td><td>7,289</td><td>1,867</td><td>246</td><td>9,402</td><td>279</td><td>50</td><td>9,074</td><td>-395</td><td>129</td><td>-1,054</td><td>8,286</td></tr><tr><td>May.</td><td>7,229</td><td>1,591</td><td>199</td><td>9,019</td><td>222</td><td>-363</td><td>9,160</td><td>319</td><td>79</td><td>982</td><td>9,745</td></tr><tr><td>June.</td><td>8,102</td><td>2,252</td><td>375</td><td>10,729</td><td>1,109</td><td>-4</td><td>9,624</td><td>111</td><td>117</td><td>-956</td><td>8,439</td></tr><tr><td>Total</td><td>44,622</td><td>12,099</td><td>325</td><td>57,045</td><td>2,007</td><td>1,225</td><td>53,813</td><td>81</td><td>527</td><td>202</td><td>53,407</td></tr><tr><td>July.</td><td>7,252</td><td>1,859</td><td>331</td><td>9,442</td><td>190</td><td>-62</td><td>9,314</td><td>-85</td><td>99</td><td>172</td><td>9,472</td></tr><tr><td>Aug.</td><td>8,541</td><td>2,082</td><td>213</td><td>10,837</td><td>204</td><td>55</td><td>10,577</td><td>52</td><td>173</td><td>1,111</td><td>11,448</td></tr><tr><td>Sept.</td><td>7,327</td><td>2,362</td><td>45</td><td>9,733</td><td>532</td><td>562</td><td>8,639</td><td>-60</td><td>52</td><td>-512</td><td>8,136</td></tr><tr><td>Oct.</td><td>8,524</td><td>2,197</td><td>-48</td><td>10,673</td><td>253</td><td>272</td><td>10,149</td><td>39</td><td>48</td><td>515</td><td>10,577</td></tr><tr><td>Nov.</td><td>8,070</td><td>2,047</td><td>-135</td><td>9,982</td><td>265</td><td>-305</td><td>10,021</td><td>57</td><td>53</td><td>1,376</td><td>11,287</td></tr></table>
Source: See Table 1. Details of basic expenditure figures appear in preceding sections in the Bulletin. 2/ See Table 2, footnote 1. 2/ Net operating expenditures, or receipts (-), as measured by funds provided by or applied to net security transactions reflected in Treasury reports (see Table 6). To a large extent, these Government-sponsored enterprises secure funds for their operations by direct borrowing from the public or by cashing Federal securities which they hold, and they apply the net income received from operations to repayment of borrowing from the public or to investment in Federal securities. On that basis, net expenditures for operations are shown
in this table in terms of the combined net of disinvestment in Federal securities and sale of agency obligations in the market. 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. 
3/ See Table 2, footnote 4.
4/ See Table 6, footnote 1.
5/ Does not include revolving fund receipts representing acquired securities amounting to $1,643,070 (par value).
6/ See Table 2, footnote 5.
7/ See Table 2, footnote 6.
20
Treasury Bulletin
CASH INCOME AND OUTGO
Table 4.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
<table><tr><th>Period</th><th>Budget receipts which are also trust fund expenditures 1/</th><th>Budget receipts which are also Government-sponsored enterprise expenditures 2/</th><th colspan="4">Trust fund receipts which are also budget expenditures</th><th>Total 5/</th></tr><tr><th></th><th></th><th></th><th>Interest on investment in public debt securities</th><th>Interest on unvested trust funds</th><th>Payroll deductions for employees' retirement 3/</th><th>Other 4/</th><th></th></tr><tr><td>Fiscal year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></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</td><td>69 7/</td><td>3</td><td>1,404</td><td>10</td><td>841</td><td>1,619</td><td>3,946 7/</td></tr><tr><td>1962</td><td>79</td><td>5</td><td>1,423</td><td>10</td><td>848</td><td>1,423</td><td>3,789</td></tr><tr><td>1963 (Est.)</td><td>564</td><td>4</td><td>1,464</td><td>10</td><td>848</td><td>931</td><td>3,822</td></tr><tr><td>1961- Jan. - June</td><td>176</td><td>-</td><td>980</td><td>5</td><td>439</td><td>1,043</td><td>2,643</td></tr><tr><td>July - Dec.</td><td>46</td><td>5</td><td>431</td><td>5</td><td>419</td><td>876</td><td>1,782</td></tr><tr><td>Total</td><td>222</td><td>5</td><td>1,410</td><td>10</td><td>858</td><td>1,919</td><td>4,425</td></tr><tr><td>1962-January</td><td>7</td><td>-</td><td>8</td><td>-</td><td>71</td><td>165</td><td>250</td></tr><tr><td>February</td><td>8</td><td>-</td><td>29</td><td>4</td><td>67</td><td>-206</td><td>-98</td></tr><tr><td>March</td><td>6</td><td>-</td><td>12</td><td>-</td><td>73</td><td>155</td><td>245</td></tr><tr><td>April</td><td>4</td><td>-</td><td>43</td><td>*</td><td>77</td><td>155</td><td>279</td></tr><tr><td>May</td><td>4</td><td>-</td><td>46</td><td>1</td><td>71</td><td>100</td><td>222</td></tr><tr><td>June</td><td>5</td><td>-</td><td>855</td><td>*</td><td>71</td><td>179</td><td>1,109</td></tr><tr><td>Total</td><td>33</td><td>-</td><td>993</td><td>5</td><td>429</td><td>548</td><td>2,007</td></tr><tr><td>July</td><td>6</td><td>-</td><td>5</td><td>*</td><td>73</td><td>107</td><td>190</td></tr><tr><td>August</td><td>5</td><td>5</td><td>31</td><td>4</td><td>76</td><td>84</td><td>204</td></tr><tr><td>September</td><td>349</td><td>-</td><td>7</td><td>1</td><td>67</td><td>108</td><td>332</td></tr><tr><td>October</td><td>4</td><td>-</td><td>40</td><td>*</td><td>83</td><td>125</td><td>253</td></tr><tr><td>November</td><td>26</td><td>-</td><td>43</td><td>1</td><td>77</td><td>119</td><td>265</td></tr></table>
1/ Includes reimbursements for administrative expenses by the Federal Old-Age and Survivors and the Federal Disability Insurance Trust Funds, and beginning 1961, the Unemployment Trust Fund; reimbursements for refunds of employment and certain excise taxes (highway) through fiscal 1960; reimbursement by the District of Columbia; Federal National Mortgage Association for payment of dividends, interest, etc., under 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, and also by Federal intermediate credit banks beginning January 1959.
1/ Includes relatively small amounts of deductions from salaries paid by trust funds and Government-sponsored enterprises. Beginning with fiscal 1958 excludes deductions from salaries of District of Columbia employees, and beginning with fiscal 1959 excludes voluntary contributions.
1/ 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.
2/ 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 2 and 3.
5/ See Table 2, footnote 5.
7/ See Table 2, footnote 6.
* Less than $500,000.
21
December 1962
CASH INCOME AND OUTGO
Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
<table><tr><th>Period</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 5/</th><th>International Monetary Fund</th><th>International Development Association</th><th>Inter-American Development Bank</th><th></th><th></th></tr><tr><td>Fiscal year:</td><td></td><td></td><td></td><td colspan="4">Special notes to - 5/</td><td></td><td></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>2,331</td></tr><tr><td>1960</td><td>341</td><td>232</td><td>*</td><td>-2</td><td>259</td><td>-</td><td>-</td><td>-380</td><td>449</td></tr><tr><td>1961</td><td>222</td><td>6</td><td>*</td><td>-1</td><td>258</td><td>58</td><td>-</td><td>279</td><td>821</td></tr><tr><td>1962</td><td>641</td><td>18</td><td>*</td><td>-1</td><td>171</td><td>58</td><td>55</td><td>548</td><td>1,490</td></tr><tr><td>1963 (Est.)</td><td>540</td><td>-</td><td>*</td><td>-1</td><td>295</td><td>33</td><td>70</td><td>178</td><td>1,115</td></tr><tr><td>1961- Jan. - June</td><td>42</td><td>-258</td><td>*</td><td>-1</td><td>27</td><td>-</td><td>-</td><td>525</td><td>334</td></tr><tr><td>July - Dec.</td><td>428</td><td>211</td><td>*</td><td>-1</td><td>-108</td><td>58</td><td>25</td><td>-348</td><td>265</td></tr><tr><td>Total</td><td>470</td><td>-48</td><td>*</td><td>-1</td><td>-81</td><td>58</td><td>25</td><td>177</td><td>599</td></tr><tr><td>1962-January</td><td>100</td><td>538</td><td>*</td><td>*</td><td>2</td><td>-</td><td>-</td><td>-201</td><td>439</td></tr><tr><td>February</td><td>10</td><td>-368</td><td>*</td><td>*</td><td>21</td><td>-</td><td>-</td><td>302</td><td>-35</td></tr><tr><td>March</td><td>14</td><td>453</td><td>*</td><td>*</td><td>209</td><td>-</td><td>-</td><td>462</td><td>1,138</td></tr><tr><td>April</td><td>39</td><td>377</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-366</td><td>50</td></tr><tr><td>May</td><td>27</td><td>-663</td><td>*</td><td>*</td><td>28</td><td>-</td><td>30</td><td>214</td><td>-363</td></tr><tr><td>June</td><td>22</td><td>-329</td><td>*</td><td>*</td><td>19</td><td>-</td><td>-</td><td>485</td><td>-4</td></tr><tr><td>Total</td><td>213</td><td>-192</td><td>*</td><td>*</td><td>279</td><td>-</td><td>30</td><td>896</td><td>1,225</td></tr><tr><td>July</td><td>101</td><td>544</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-707</td><td>-62</td></tr><tr><td>August</td><td>76</td><td>-459</td><td>*</td><td>*</td><td>335</td><td>-</td><td>-</td><td>103</td><td>55</td></tr><tr><td>September</td><td>21</td><td>424</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>117</td><td>562</td></tr><tr><td>October</td><td>91</td><td>409</td><td>*</td><td>*</td><td>-</td><td>-</td><td>30</td><td>-258</td><td>278</td></tr><tr><td>November</td><td>53</td><td>-560</td><td>*</td><td>*</td><td>10</td><td>58</td><td>15</td><td>120</td><td>-305</td></tr></table>
Source: See Table 1.
1/ Accrued discount on savings bonds and bills less interest paid on savings bonds and bills redeemed.
2/ 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 redemptions; net issuance, or redemption (-).
4/ Issued in 1936 in exchange for adjusted service certificates held by veterans of World War I. The bonds matured in 1945.
2/ 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 13.
7/ Checks outstanding less deposits in transit, and changes in other accounts; net increase, or decrease (-).
* Less than $500,000.
22
Treasury Bulletin
CASH INCOME AND OUTGO
Table 6.- 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">Period</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 1/</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>Fiscal year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></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</td><td>2,640</td><td>-733</td><td>195</td><td>289</td><td>149</td><td>432</td><td>1,234</td></tr><tr><td>1962</td><td>9,230</td><td>658</td><td>1,122</td><td>246</td><td>191</td><td>28</td><td>10,544</td></tr><tr><td>1963 (Est.)</td><td>n.a.</td><td>n.a.</td><td>400</td><td>n.a.</td><td>n.a.</td><td>254</td><td>n.a.</td></tr><tr><td>1961-Jan. - June</td><td>-1,246</td><td>-240</td><td>180</td><td>677</td><td>36</td><td>339</td><td>-2,358</td></tr><tr><td>July - Dec.</td><td>7,198</td><td>394</td><td>506</td><td>-1,260</td><td>39</td><td>-263</td><td>9,583</td></tr><tr><td>Total</td><td>5,952</td><td>154</td><td>686</td><td>-583</td><td>75</td><td>75</td><td>7,225</td></tr><tr><td>1962-January</td><td>345</td><td>165</td><td>98</td><td>-1,141</td><td>4</td><td>400</td><td>1,345</td></tr><tr><td>February</td><td>470</td><td>102</td><td>-122</td><td>404</td><td>34</td><td>-72</td><td>84</td></tr><tr><td>March</td><td>-896</td><td>55</td><td>200</td><td>23</td><td>-36</td><td>342</td><td>-970</td></tr><tr><td>April</td><td>864</td><td>-43</td><td>-37</td><td>-454</td><td>*</td><td>-283</td><td>1,522</td></tr><tr><td>May</td><td>2,222</td><td>-21</td><td>185</td><td>2,127</td><td>55</td><td>-14</td><td>218</td></tr><tr><td>June</td><td>-973</td><td>5</td><td>294</td><td>549</td><td>96</td><td>-81</td><td>-1,237</td></tr><tr><td>Total</td><td>2,032</td><td>263</td><td>616</td><td>1,507</td><td>152</td><td>291</td><td>961</td></tr><tr><td>July</td><td>-325</td><td>-119</td><td>382</td><td>-1,013</td><td>22</td><td>51</td><td>879</td></tr><tr><td>August</td><td>3,966</td><td>46</td><td>254</td><td>1,449</td><td>21</td><td>41</td><td>2,755</td></tr><tr><td>September</td><td>-2,344</td><td>41</td><td>-6</td><td>-520</td><td>-53</td><td>-51</td><td>-1,685</td></tr><tr><td>October</td><td>2,569</td><td>10</td><td>395</td><td>-847</td><td>51</td><td>443</td><td>3,327</td></tr><tr><td>November</td><td>3,323</td><td>3</td><td>-68</td><td>369</td><td>13</td><td>67</td><td>2,810 2/</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
23
CASH INCOME AND OUTGO
Table 6.- 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 - (Continued)
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
<table><tr><th rowspan="2">Period</th><th colspan="7">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 2/</th><th rowspan="2">Equals: Net cash borrowing through the Treasurer's account, or repayment (-)</th></tr><tr><th>Net accrued interest on savings bonds and Treasury bills 3/</th><th>Adjusted service bonds 2/</th><th>Armed Forces leave bonds 2/</th><th colspan="3">Special notes to -</th><th>Excess profits tax refund bonds 6/</th><th>Total deductions</th></tr><tr><th></th><th></th><th></th><th></th><th>International Monetary Fund 2/</th><th>International Development Association 5/</th><th>Inter-American Development Bank 5/</th><th></th><th></th><th></th><th></th></tr><tr><td>Fiscal year:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1955</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</td><td>222</td><td>*</td><td>-1</td><td>258</td><td>58</td><td>-</td><td>*</td><td>536</td><td>698</td><td>622</td><td>76</td></tr><tr><td>1962</td><td>641</td><td>*</td><td>-1</td><td>171</td><td>58</td><td>55</td><td>*</td><td>923</td><td>9,621</td><td>866</td><td>8,755</td></tr><tr><td>1963 (Est.)</td><td>540</td><td>*</td><td>-1</td><td>295</td><td>33</td><td>70</td><td>*</td><td>937</td><td>n.a.</td><td>-</td><td>n.a.</td></tr><tr><td>1961-Jan.-June July-Dec.</td><td>42 428</td><td>*</td><td>-1 -1</td><td>27 -108</td><td>58</td><td>25</td><td>*</td><td>68 402</td><td>-2,426 9,180</td><td>497 339</td><td>-2,923 8,841</td></tr><tr><td>Total</td><td>470</td><td>*</td><td>-1</td><td>-81</td><td>58</td><td>25</td><td>*</td><td>470</td><td>6,755</td><td>836</td><td>5,918</td></tr><tr><td>1962-Jan.</td><td>100</td><td>*</td><td>*</td><td>2 21</td><td>-</td><td>-</td><td>*</td><td>102</td><td>1,243</td><td>22</td><td>1,222</td></tr><tr><td>Feb.</td><td>10</td><td>*</td><td>*</td><td>21</td><td>-</td><td>-</td><td>*</td><td>31</td><td>53</td><td>99</td><td>-47</td></tr><tr><td>Mar.</td><td>14</td><td>*</td><td>*</td><td>209</td><td>-</td><td>-</td><td>*</td><td>223</td><td>-1,193</td><td>81</td><td>-1,275</td></tr><tr><td>Apr.</td><td>39</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>39</td><td>1,482</td><td>129</td><td>1,354</td></tr><tr><td>May.</td><td>27</td><td>*</td><td>*</td><td>28</td><td>-</td><td>30</td><td>*</td><td>85</td><td>133</td><td>79</td><td>54</td></tr><tr><td>June</td><td>22</td><td>*</td><td>*</td><td>19</td><td>-</td><td>-</td><td>*</td><td>41</td><td>-1,278</td><td>117</td><td>-1,395</td></tr><tr><td>Total</td><td>213</td><td>*</td><td>*</td><td>279</td><td>-</td><td>30</td><td>*</td><td>521</td><td>440</td><td>527</td><td>-87</td></tr><tr><td>July</td><td>101</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>101</td><td>778</td><td>99</td><td>678</td></tr><tr><td>Aug.</td><td>76</td><td>*</td><td>*</td><td>335</td><td>-</td><td>-</td><td>*</td><td>411</td><td>2,344</td><td>173</td><td>2,171</td></tr><tr><td>Sept.</td><td>21</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>21</td><td>-1,706</td><td>52</td><td>-1,758</td></tr><tr><td>Oct.</td><td>91</td><td>*</td><td>*</td><td>-</td><td>-</td><td>30</td><td>*</td><td>121</td><td>3,206</td><td>48</td><td>3,158</td></tr><tr><td>Nov.</td><td>53</td><td>*</td><td>*</td><td>10</td><td>58</td><td>15</td><td>*</td><td>1,548 3/</td><td>1,262</td><td>53</td><td>1,209 9/</td></tr></table>
1/ In this table, in accordance with treatment in Budget documents, net investment in United States securities by Government-sponsored enterprises includes a small amount by other enterprises regarded as representing net transactions with the public. In Table 3 under "Trust Account and Other Transactions," these amounts are included with other trust accounts.
2/ Does not include investments representing acquired securities amounting to $1,643,070 (par value) and donation of securities amounting to $45,800 (par value).
3/ Includes $1,412 million of 2-3/4 percent Treasury bonds of 1960-65 acquired by Treasury for retirement on December 15, 1962, in exchange for various issues of securities on November 15, 1962.
4/ Accrued discount on savings bonds and bills, which is included in the
principal of the public debt, less interest paid on savings bonds and bills redeemed. 
5/ Treated as noncash transactions at the time of issuance and as cash transactions at the time of redemption; net issuance, or redemption (-). 
6/ Excluded from borrowing because the transactions are treated as expenditures in Table 5. 
7/ Excluded from borrowing because the transactions are treated as deductions from receipts in Table 2. 
8/ Market transactions in public debt securities and agency obligations. 
9/ Includes balance in the account "Payment for 2-3/4 percent Treasury bonds of 1960-65 called for redemption on December 15, 1962." 
* Less than $500,000. 
n.a. Not available.
24
Treasury Bulletin
CASH INCOME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th>Period</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>Fiscal year:</td><td></td><td></td><td></td><td></td><td></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>1,354</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</td><td>101,608</td><td>106,626</td><td>-5,018</td><td>8,755</td><td>3,736</td></tr><tr><td>1963 (Est.)</td><td>108,901</td><td>115,148</td><td>-6,248</td><td>n.a.</td><td>n.a.</td></tr><tr><td>1961-Jan - June</td><td>53,314</td><td>50,108</td><td>3,206</td><td>-2,923</td><td>283</td></tr><tr><td>July - Dec.</td><td>44,178</td><td>53,219</td><td>-9,041</td><td>8,841</td><td>-200</td></tr><tr><td>Total</td><td>97,492</td><td>103,327</td><td>-5,835</td><td>5,918</td><td>83</td></tr><tr><td>1962-January</td><td>6,327</td><td>9,062</td><td>-2,734</td><td>1,222</td><td>-1,513</td></tr><tr><td>February</td><td>9,501</td><td>8,810</td><td>691</td><td>-47</td><td>644</td></tr><tr><td>March</td><td>11,632</td><td>9,064</td><td>2,568</td><td>-1,275</td><td>1,293</td></tr><tr><td>April</td><td>6,009</td><td>8,286</td><td>-2,277</td><td>1,354</td><td>-924</td></tr><tr><td>May</td><td>11,837</td><td>9,765</td><td>2,091</td><td>54</td><td>2,145</td></tr><tr><td>June</td><td>12,124</td><td>8,439</td><td>3,685</td><td>-1,395</td><td>2,290</td></tr><tr><td>Total</td><td>57,430</td><td>53,407</td><td>4,023</td><td>-87</td><td>3,936</td></tr><tr><td>July</td><td>4,743</td><td>9,472</td><td>-4,729</td><td>678</td><td>-4,051</td></tr><tr><td>August</td><td>11,443</td><td>11,464</td><td>-20</td><td>2,171</td><td>2,151</td></tr><tr><td>September</td><td>10,632</td><td>8,136</td><td>2,496</td><td>-1,758</td><td>738</td></tr><tr><td>October</td><td>4,669</td><td>10,577</td><td>-5,908</td><td>3,158</td><td>-2,750</td></tr><tr><td>November</td><td>10,669</td><td>11,287</td><td>-618</td><td>1,209</td><td>591</td></tr><tr><td>1963 to date</td><td>42,156</td><td>50,936</td><td>-8,780</td><td>5,458</td><td>-3,322</td></tr></table>
Source: Actual figures are based on the daily Treasury statement; estimates are from the 1963 Budget Review, released November 13, 1962, 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. n.a. Not available.
December 1962
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 occasions, to the extent authorized by the Treasury, banks are permitted to deposit in these accounts proceeds from subscriptions to public debt securities entered for their own account as well as for the account of their customers.
The tax and loan account system permits the Treasury to leave funds in banks and in the communities in which they arise until such time as the Treasury needs the funds for its operations. In this way the Treasury is able to neutralize the effect of its fluctuating operations on bank reserves and the economy.
A detailed description of the Treasury's depositary system may be found in the Annual Report of the Secretary of the Treasury for 1955, pages 275-284.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="8">Assets</th><th rowspan="2">Liabilities 1/</th><th rowspan="2">Balance in account of Treasurer of U. S.</th></tr><tr><th>Available funds in Federal Reserve Banks</th><th>Tax and loan accounts in special depositaries</th><th>Gold in Treasury fund</th><th>Total operating balance</th><th>Silver, coin, and currency</th><th>Unclassified collections, etc.</th><th>In Federal Reserve Banks in process of collection</th><th>In other depositaries</th><th>Total assets</th></tr><tr><td>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 3/</td><td>5,350 3/</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>1962</td><td>612</td><td>8,815</td><td>121</td><td>9,548</td><td>147</td><td>70</td><td>303</td><td>441</td><td>10,509</td><td>79</td><td>10,430</td></tr><tr><td>1961-December</td><td>465</td><td>5,157</td><td>118</td><td>5,740</td><td>181</td><td>81</td><td>173</td><td>391</td><td>6,566</td><td>72</td><td>6,494</td></tr><tr><td>1962-January</td><td>362</td><td>3,552</td><td>117</td><td>4,031</td><td>209</td><td>104</td><td>259</td><td>456</td><td>5,059</td><td>77</td><td>4,981</td></tr><tr><td>February</td><td>449</td><td>4,172</td><td>104</td><td>4,725</td><td>210</td><td>52</td><td>291</td><td>428</td><td>5,705</td><td>79</td><td>5,626</td></tr><tr><td>March</td><td>403</td><td>5,568</td><td>117</td><td>6,088</td><td>186</td><td>72</td><td>239</td><td>443</td><td>7,029</td><td>110</td><td>6,919</td></tr><tr><td>April</td><td>569</td><td>4,150</td><td>117</td><td>4,836</td><td>171</td><td>58</td><td>519</td><td>504</td><td>6,089</td><td>94</td><td>5,995</td></tr><tr><td>May</td><td>526</td><td>6,623</td><td>121</td><td>7,271</td><td>170</td><td>102</td><td>238</td><td>435</td><td>8,216</td><td>75</td><td>8,141</td></tr><tr><td>June</td><td>612</td><td>8,815</td><td>121</td><td>9,548</td><td>147</td><td>70</td><td>303</td><td>441</td><td>10,509</td><td>79</td><td>10,430</td></tr><tr><td>July</td><td>390</td><td>5,089</td><td>120</td><td>5,600</td><td>165</td><td>57</td><td>251</td><td>373</td><td>6,446</td><td>66</td><td>6,380</td></tr><tr><td>August</td><td>478</td><td>7,210</td><td>125</td><td>7,813</td><td>165</td><td>76</td><td>178</td><td>367</td><td>8,599</td><td>69</td><td>8,530</td></tr><tr><td>September</td><td>400</td><td>7,919</td><td>116</td><td>8,435</td><td>167</td><td>76</td><td>310</td><td>363</td><td>9,350</td><td>81</td><td>9,268</td></tr><tr><td>October</td><td>513</td><td>5,131</td><td>130</td><td>5,774</td><td>161</td><td>58</td><td>244</td><td>351</td><td>6,589</td><td>71</td><td>6,518</td></tr><tr><td>November</td><td>585</td><td>5,728</td><td>116</td><td>6,428</td><td>155</td><td>74</td><td>214</td><td>341</td><td>7,212</td><td>103</td><td>7,109</td></tr></table>
Source: Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal Savings System, and uncollected items, exchanges, etc. Post Office Department and postmasters' disbursing accounts also are included through November 1954. (See footnote 2). Treasurer's checks outstanding are included through June 1958, after which they are included in the balance in the Treasurer's account. (See footnote 3).
2/ Beginning December 1954, Post Office Department and postmasters' disbursing accounts are not treated as liability accounts of the Treasurer of the United States, but are classified and treated
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. 2/ Through June 1958, the balance of the Treasurer was reduced when Treasurer's checks were issued and the amount of the checks was carried as a liability until paid. Effective July 1958, the balance is not reduced until the checks are paid, a procedure also applying to checks drawn on the Treasurer by Government disbursing officers and agencies.
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="2">Taxes</th><th rowspan="2">With-drawals</th><th colspan="4">Balance</th></tr><tr><th>Proceeds from sales of securities 1/</th><th>Savings bonds</th><th>Tax anticipa-tion securities</th><th>Other</th><th>Withheld and excise 2/</th><th>Income (by special arrange-ment) 2/</th><th>Total credits</th><th>End of period</th><th>High</th><th>Low</th><th>Average</th></tr><tr><td>1955.</td><td>4,424</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>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>5,043</td><td>6,568</td><td>26,709</td><td>4,152</td><td>45,448</td><td>46,000</td><td>4,082</td><td>6,078</td><td>813</td><td>2,987</td></tr><tr><td>1958.</td><td>2,824</td><td>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>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>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>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>1962.</td><td>2,725</td><td>5,898</td><td>3,774</td><td>37,519</td><td>6,521</td><td>56,438</td><td>53,076</td><td>8,815</td><td>8,889</td><td>1,531</td><td>4,457</td></tr><tr><td>1961-December.</td><td>225</td><td>-</td><td>-</td><td>3,491</td><td>1,539</td><td>5,256</td><td>5,029</td><td>5,157</td><td>5,512</td><td>2,171</td><td>3,869</td></tr><tr><td>1962-January.</td><td>301</td><td>-</td><td>980</td><td>1,453</td><td>29</td><td>2,764</td><td>4,369</td><td>3,552</td><td>5,197</td><td>2,201</td><td>3,213</td></tr><tr><td>February.</td><td>229</td><td>-</td><td>-</td><td>4,370</td><td>-</td><td>4,599</td><td>3,979</td><td>4,172</td><td>4,200</td><td>2,484</td><td>3,500</td></tr><tr><td>March.</td><td>220</td><td>-</td><td>-</td><td>3,872</td><td>1,828</td><td>5,920</td><td>4,523</td><td>5,568</td><td>6,184</td><td>1,880</td><td>4,116</td></tr><tr><td>April.</td><td>210</td><td>-</td><td>1,139</td><td>1,377</td><td>7</td><td>2,734</td><td>4,152</td><td>4,150</td><td>5,032</td><td>1,531</td><td>3,149</td></tr><tr><td>May.</td><td>207</td><td>-</td><td>-</td><td>4,619</td><td>-</td><td>4,826</td><td>2,253</td><td>6,623</td><td>7,129</td><td>4,616</td><td>6,064</td></tr><tr><td>June.</td><td>210</td><td>-</td><td>-</td><td>4,058</td><td>1,809</td><td>6,076</td><td>3,885</td><td>8,815</td><td>8,889</td><td>4,377</td><td>6,178</td></tr><tr><td>July.</td><td>227</td><td>-</td><td>-</td><td>1,514</td><td>61</td><td>1,803</td><td>5,528</td><td>5,089</td><td>8,743</td><td>5,089</td><td>6,335</td></tr><tr><td>August.</td><td>211</td><td>-</td><td>1,989</td><td>4,557</td><td>-</td><td>6,758</td><td>4,637</td><td>7,210</td><td>7,631</td><td>4,007</td><td>5,883</td></tr><tr><td>September.</td><td>180</td><td>-</td><td>1</td><td>3,986</td><td>1,312</td><td>5,479</td><td>4,770</td><td>7,919</td><td>7,919</td><td>4,452</td><td>6,201</td></tr><tr><td>October.</td><td>200</td><td>2,963</td><td>1</td><td>1,354</td><td>34</td><td>4,553</td><td>7,342</td><td>5,131</td><td>9,487</td><td>5,131</td><td>6,849</td></tr><tr><td>November.</td><td>196</td><td>-</td><td>-</td><td>4,242</td><td>-</td><td>4,438</td><td>3,841</td><td>5,728</td><td>5,824</td><td>4,056</td><td>5,012</td></tr></table>
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 depository bank, to be credited to the tax and loan account in that bank. This procedure is followed during some of the quarterly periods of heavy tax payments.
27
December 1962
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="2">Total outstanding</th><th colspan="2">Interest-bearing debt</th><th colspan="6">Matured debt and debt bearing no interest</th><th rowspan="2">Guaranteed securities 2/(matured)</th></tr><tr><th></th><th>Total 1/</th><th>Public debt 2/</th><th>Total</th><th>Public debt</th><th>Total</th><th>Total</th><th>Public debt</th><th>Special notes to - 2/</th><th>International Monetary Fund</th><th>International Development Association</th><th>Inter-American Development Bank</th><th>Other 5/</th></tr><tr><td>1955</td><td>274,418</td><td>274,374</td><td>271,785</td><td>271,741</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>269,956</td><td>269,883</td><td>2,869</td><td>2,868</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>268,592</td><td>268,486</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>274,798</td><td>274,698</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>281,944</td><td>281,831</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>283,380</td><td>283,241</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>285,911</td><td>285,672</td><td>3,100</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>1962</td><td>298,645</td><td>298,201</td><td>294,886</td><td>294,442</td><td>3,759</td><td>3,759</td><td>438</td><td>2,667</td><td>115</td><td>55</td><td>484</td><td>1</td></tr><tr><td>1961-December</td><td>296,499</td><td>296,169</td><td>293,019</td><td>292,689</td><td>3,480</td><td>3,480</td><td>463</td><td>2,388</td><td>115</td><td>25</td><td>488</td><td>*</td></tr><tr><td>1962-January</td><td>296,860</td><td>296,513</td><td>293,455</td><td>293,111</td><td>3,405</td><td>3,403</td><td>385</td><td>2,390</td><td>115</td><td>25</td><td>487</td><td>3</td></tr><tr><td>February</td><td>297,354</td><td>296,983</td><td>293,919</td><td>293,549</td><td>3,436</td><td>3,434</td><td>396</td><td>2,411</td><td>115</td><td>25</td><td>487</td><td>2</td></tr><tr><td>March</td><td>296,489</td><td>296,088</td><td>292,885</td><td>292,485</td><td>3,605</td><td>3,603</td><td>356</td><td>2,620</td><td>115</td><td>25</td><td>487</td><td>2</td></tr><tr><td>April</td><td>297,357</td><td>296,952</td><td>293,765</td><td>293,361</td><td>3,592</td><td>3,591</td><td>343</td><td>2,620</td><td>115</td><td>25</td><td>487</td><td>1</td></tr><tr><td>May</td><td>299,604</td><td>299,174</td><td>295,948</td><td>295,519</td><td>3,656</td><td>3,655</td><td>351</td><td>2,648</td><td>115</td><td>55</td><td>486</td><td>1</td></tr><tr><td>June</td><td>298,645</td><td>298,201</td><td>294,886</td><td>294,442</td><td>3,759</td><td>3,759</td><td>438</td><td>2,667</td><td>115</td><td>55</td><td>484</td><td>1</td></tr><tr><td>July</td><td>298,324</td><td>297,876</td><td>294,363</td><td>293,918</td><td>3,960</td><td>3,958</td><td>343</td><td>2,962</td><td>115</td><td>55</td><td>483</td><td>2</td></tr><tr><td>August</td><td>302,312</td><td>301,842</td><td>298,372</td><td>297,904</td><td>3,939</td><td>3,938</td><td>342</td><td>3,002</td><td>115</td><td>55</td><td>423</td><td>2</td></tr><tr><td>September</td><td>299,986</td><td>299,498</td><td>296,057</td><td>295,571</td><td>3,929</td><td>3,927</td><td>332</td><td>3,002</td><td>115</td><td>55</td><td>423</td><td>1</td></tr><tr><td>October</td><td>302,553</td><td>302,067</td><td>298,630</td><td>298,145</td><td>3,923</td><td>3,922</td><td>297</td><td>3,002</td><td>115</td><td>85</td><td>422</td><td>1</td></tr><tr><td>November</td><td>305,893</td><td>305,390</td><td>301,886</td><td>301,384</td><td>4,007</td><td>4,006</td><td>299</td><td>3,012</td><td>173</td><td>100</td><td>422</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.
2/ Armory Board stadium bonds beginning July 1959. 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 13). 
6/ For current month detail, see "Statutory Debt Limitation," Table 2. 
* Less than $500,000.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="3">Total interest-bearing securities</th><th colspan="8">Computed annual interest rate</th></tr><tr><th>Amount outstanding</th><th>Computed annual interest charge</th><th>Total interest-bearing securities</th><th colspan="8">Public debt</th></tr><tr><th></th><th>Public debt and guaranteed securities 1/</th><th>Public debt</th><th>Public debt and guaranteed securities 1/</th><th>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>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>1962</td><td>294,886</td><td>294,442</td><td>9,534</td><td>3.240</td><td>3.239</td><td>3.285</td><td>2.926</td><td>3.377</td><td>3.680</td><td>3.122</td><td>3.364</td><td>2.891</td><td>3.500</td></tr><tr><td>1961-December</td><td>293,019</td><td>292,689</td><td>9,167</td><td>3.135</td><td>3.135</td><td>3.146</td><td>2.701</td><td>3.000</td><td>3.614</td><td>2.966</td><td>3.350</td><td>2.823</td><td>3.332</td></tr><tr><td>1962-January</td><td>293,455</td><td>293,111</td><td>9,238</td><td>3.155</td><td>3.155</td><td>3.173</td><td>2.807</td><td>3.000</td><td>3.612</td><td>2.981</td><td>3.354</td><td>2.821</td><td>3.356</td></tr><tr><td>February</td><td>293,919</td><td>293,549</td><td>9,326</td><td>3.180</td><td>3.180</td><td>3.206</td><td>2.858</td><td>3.277</td><td>3.696</td><td>2.981</td><td>3.361</td><td>2.835</td><td>3.386</td></tr><tr><td>March</td><td>292,885</td><td>292,485</td><td>9,382</td><td>3.210</td><td>3.209</td><td>3.248</td><td>2.915</td><td>3.277</td><td>3.692</td><td>3.054</td><td>3.365</td><td>2.841</td><td>3.421</td></tr><tr><td>April</td><td>293,765</td><td>293,361</td><td>9,427</td><td>3.216</td><td>3.215</td><td>3.253</td><td>2.927</td><td>3.277</td><td>3.692</td><td>3.065</td><td>3.367</td><td>2.846</td><td>3.461</td></tr><tr><td>May</td><td>295,948</td><td>295,519</td><td>9,558</td><td>3.236</td><td>3.236</td><td>3.280</td><td>2.927</td><td>3.377</td><td>3.681</td><td>3.117</td><td>3.370</td><td>2.879</td><td>3.488</td></tr><tr><td>June</td><td>294,886</td><td>294,442</td><td>9,534</td><td>3.240</td><td>3.239</td><td>3.285</td><td>2.926</td><td>3.377</td><td>3.680</td><td>3.122</td><td>3.364</td><td>2.891</td><td>3.500</td></tr><tr><td>July</td><td>294,363</td><td>293,918</td><td>9,538</td><td>3.247</td><td>3.247</td><td>3.295</td><td>2.978</td><td>3.377</td><td>3.679</td><td>3.122</td><td>3.369</td><td>2.883</td><td>3.509</td></tr><tr><td>August</td><td>298,372</td><td>297,904</td><td>9,715</td><td>3.263</td><td>3.262</td><td>3.315</td><td>3.005</td><td>3.418</td><td>3.730</td><td>3.148</td><td>3.373</td><td>2.902</td><td>3.516</td></tr><tr><td>September</td><td>296,057</td><td>295,571</td><td>9,704</td><td>3.285</td><td>3.284</td><td>3.346</td><td>3.019</td><td>3.426</td><td>3.785</td><td>3.179</td><td>3.377</td><td>2.901</td><td>3.527</td></tr><tr><td>October</td><td>298,630</td><td>298,145</td><td>9,765</td><td>3.277</td><td>3.277</td><td>3.335</td><td>2.976</td><td>3.426</td><td>3.807</td><td>3.179</td><td>3.383</td><td>2.884</td><td>3.554</td></tr><tr><td>November</td><td>301,886</td><td>301,384</td><td>9,904</td><td>3.288</td><td>3.288</td><td>3.348</td><td>2.976</td><td>3.362</td><td>3.853</td><td>3.227</td><td>3.387</td><td>2.891</td><td>3.569</td></tr></table>
Source: On the basis of the 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. For the date of this statement, the rate was the same for the case of securities sold at a premium or discount, beginning with 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 for
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/ Guaranteed securities included are those 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.
Treasury Bulletin
28
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total interest-bearing public debt</th><th>Total public issues</th><th colspan="5">Marketable</th><th colspan="5">Nonmarketable</th><th>Special issues</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>Bills</th><th>Certificates</th><th>Notes</th><th>Treasury bonds</th><th>Other bonds 1/</th><th>Total</th><th>U. S. savings bonds</th><th>Treasury bonds, investment series</th><th>Depository bonds</th><th>Other 2/</th></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>71</td><td>73,285</td><td>58,365</td><td>12,589</td><td>417</td><td>1,913</td><td>43,290</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>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>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>50</td><td>61,777</td><td>51,394</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>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>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>53,481</td><td>47,514</td><td>5,830</td><td>117</td><td>19</td><td>45,043</td></tr><tr><td>1962</td><td>294,442</td><td>249,503</td><td>196,072</td><td>42,036</td><td>13,547</td><td>65,464</td><td>75,025</td><td>-</td><td>53,431</td><td>47,607</td><td>4,727</td><td>138</td><td>960</td><td>44,939</td></tr><tr><td>1961-Dec</td><td>292,689</td><td>249,169</td><td>195,965</td><td>43,444</td><td>5,509</td><td>71,526</td><td>75,486</td><td>-</td><td>53,205</td><td>47,458</td><td>5,074</td><td>154</td><td>519</td><td>43,520</td></tr><tr><td>1962-Jan</td><td>293,111</td><td>250,806</td><td>197,628</td><td>43,947</td><td>5,509</td><td>71,574</td><td>76,598</td><td>-</td><td>53,178</td><td>47,500</td><td>5,008</td><td>148</td><td>522</td><td>42,304</td></tr><tr><td>Feb</td><td>293,549</td><td>250,798</td><td>197,609</td><td>44,246</td><td>12,375</td><td>64,400</td><td>76,588</td><td>-</td><td>53,189</td><td>47,549</td><td>4,972</td><td>146</td><td>522</td><td>42,751</td></tr><tr><td>Mar</td><td>292,485</td><td>249,676</td><td>196,524</td><td>43,043</td><td>12,370</td><td>64,538</td><td>76,573</td><td>-</td><td>53,152</td><td>47,569</td><td>4,840</td><td>144</td><td>599</td><td>42,809</td></tr><tr><td>Apr</td><td>293,361</td><td>251,240</td><td>198,138</td><td>43,441</td><td>12,371</td><td>64,511</td><td>77,815</td><td>-</td><td>53,101</td><td>47,581</td><td>4,778</td><td>143</td><td>600</td><td>42,122</td></tr><tr><td>May</td><td>295,519</td><td>251,227</td><td>198,193</td><td>43,747</td><td>13,547</td><td>65,435</td><td>75,465</td><td>-</td><td>53,034</td><td>47,585</td><td>4,757</td><td>143</td><td>549</td><td>44,291</td></tr><tr><td>June</td><td>294,442</td><td>249,503</td><td>196,072</td><td>42,036</td><td>13,547</td><td>65,464</td><td>75,025</td><td>-</td><td>53,431</td><td>47,607</td><td>4,727</td><td>138</td><td>960</td><td>44,939</td></tr><tr><td>July</td><td>293,918</td><td>250,122</td><td>196,870</td><td>42,838</td><td>13,547</td><td>65,477</td><td>75,008</td><td>-</td><td>53,252</td><td>47,653</td><td>4,713</td><td>116</td><td>769</td><td>43,796</td></tr><tr><td>Aug</td><td>297,904</td><td>252,478</td><td>199,295</td><td>43,637</td><td>20,399</td><td>58,062</td><td>77,197</td><td>-</td><td>53,183</td><td>47,697</td><td>4,646</td><td>116</td><td>724</td><td>45,247</td></tr><tr><td>Sep</td><td>295,571</td><td>251,013</td><td>197,951</td><td>42,236</td><td>17,849</td><td>58,104</td><td>79,762</td><td>-</td><td>53,062</td><td>47,717</td><td>4,574</td><td>96</td><td>674</td><td>44,559</td></tr><tr><td>Oct</td><td>298,145</td><td>254,256</td><td>201,311</td><td>46,139</td><td>17,854</td><td>57,583</td><td>79,734</td><td>-</td><td>52,945</td><td>47,680</td><td>4,490</td><td>95</td><td>680</td><td>43,890</td></tr><tr><td>Nov</td><td>301,384</td><td>257,222</td><td>204,222</td><td>47,843</td><td>22,710</td><td>53,653</td><td>80,015</td><td>-</td><td>53,000</td><td>47,720</td><td>4,477</td><td>95</td><td>708</td><td>44,163</td></tr></table>
Source: Daily Treasury statement.
1/ Consists of Panama Canal bonds through May 1961, and also postal savings bonds until the last of these bonds matured on July 1, 1955.
2/ Consists of Treasury savings notes (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 and in Italian lire beginning January 1962, and Treasury bonds issued and payable in Italian lire and Swiss francs beginning October 1962.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Amount outstanding</th><th colspan="5">Maturity classes</th><th>Average length</th></tr><tr><th></th><th></th><th>Within 1 year</th><th>1 - 5 years</th><th>5 - 10 years</th><th>10 - 20 years</th><th>20 years and over</th><th></th></tr><tr><td>1955</td><td>155,206</td><td>49,703</td><td>39,107</td><td>34,253</td><td>28,613</td><td>3,530</td><td>5 yrs. 10 mos.</td></tr><tr><td>1956</td><td>154,953</td><td>58,714</td><td>34,401</td><td>28,908</td><td>28,578</td><td>4,351</td><td>5 yrs. 4 mos.</td></tr><tr><td>1957</td><td>155,705</td><td>71,952</td><td>40,669</td><td>12,328</td><td>26,407</td><td>4,349</td><td>4 yrs. 9 mos.</td></tr><tr><td>1958</td><td>166,675</td><td>67,782</td><td>42,557</td><td>21,476</td><td>27,652</td><td>7,208</td><td>5 yrs. 3 mos.</td></tr><tr><td>1959</td><td>178,027</td><td>72,958</td><td>58,304</td><td>17,052</td><td>21,625</td><td>8,088</td><td>4 yrs. 7 mos.</td></tr><tr><td>1960</td><td>183,845</td><td>70,467</td><td>72,844</td><td>20,246</td><td>12,630</td><td>7,658</td><td>4 yrs. 4 mos.</td></tr><tr><td>1961</td><td>187,148</td><td>81,120</td><td>58,400</td><td>26,435</td><td>10,233</td><td>10,960</td><td>4 yrs. 11 mos.</td></tr><tr><td>1962</td><td>196,072</td><td>88,442</td><td>57,041</td><td>26,049</td><td>9,319</td><td>15,221</td><td>4 yrs. 11 mos.</td></tr><tr><td>1961-December</td><td>195,965</td><td>85,913</td><td>64,874</td><td>19,782</td><td>11,976</td><td>13,419</td><td>4 yrs. 7 mos.</td></tr><tr><td>1962-January</td><td>197,628</td><td>86,416</td><td>64,921</td><td>20,918</td><td>11,959</td><td>13,414</td><td>4 yrs. 6 mos.</td></tr><tr><td>February</td><td>197,609</td><td>88,417</td><td>62,910</td><td>20,916</td><td>11,954</td><td>13,411</td><td>4 yrs. 7 mos.</td></tr><tr><td>March</td><td>196,524</td><td>87,209</td><td>59,679</td><td>23,720</td><td>10,677</td><td>15,239</td><td>4 yrs. 11 mos.</td></tr><tr><td>April</td><td>198,138</td><td>88,055</td><td>59,206</td><td>24,976</td><td>10,670</td><td>15,232</td><td>4 yrs. 10 mos.</td></tr><tr><td>May</td><td>198,193</td><td>90,577</td><td>55,549</td><td>26,178</td><td>10,664</td><td>15,225</td><td>4 yrs. 11 mos.</td></tr><tr><td>June</td><td>196,072</td><td>88,442</td><td>57,041</td><td>26,049</td><td>9,319</td><td>15,221</td><td>4 yrs. 11 mos.</td></tr><tr><td>July</td><td>196,870</td><td>89,244</td><td>57,055</td><td>26,045</td><td>9,313</td><td>15,213</td><td>4 yrs. 10 mos.</td></tr><tr><td>August</td><td>199,295</td><td>93,728</td><td>52,806</td><td>27,885</td><td>9,309</td><td>15,567</td><td>5 yrs. -</td></tr><tr><td>September</td><td>197,951</td><td>84,667</td><td>58,158</td><td>32,411</td><td>7,353</td><td>15,562</td><td>4 yrs. 11 mos.</td></tr><tr><td>October</td><td>201,311</td><td>88,284</td><td>57,728</td><td>32,403</td><td>7,348</td><td>15,548</td><td>4 yrs. 11 mos.</td></tr><tr><td>November</td><td>204,222</td><td>88,580</td><td>61,614</td><td>31,140</td><td>7,342</td><td>15,545</td><td>4 yrs. 11 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 have been classified to earliest call date.
December 1962
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 1/</th><th>Rail-road Retirement Account</th><th>Unemployment Trust Fund</th><th>Other 2/</th></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>19,461</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>16,411</td><td>104</td><td>9,397</td><td>1,107</td><td>1</td><td>5,803</td><td>-</td><td>3,586</td><td>5,580</td><td>138</td></tr><tr><td>1961</td><td>45,043</td><td>556</td><td>2,299</td><td>50</td><td>16,200</td><td>138</td><td>10,414</td><td>1,071</td><td>234</td><td>5,759</td><td>-</td><td>3,504</td><td>4,625</td><td>192</td></tr><tr><td>1962</td><td>44,939</td><td>500</td><td>2,304</td><td>74</td><td>15,074</td><td>182</td><td>11,382</td><td>1,028</td><td>436</td><td>5,804</td><td>26</td><td>3,316</td><td>4,697</td><td>156</td></tr><tr><td>1961-December</td><td>43,520</td><td>543</td><td>2,237</td><td>50</td><td>15,076</td><td>120</td><td>10,718</td><td>1,025</td><td>75</td><td>5,679</td><td>-</td><td>3,135</td><td>4,707</td><td>153</td></tr><tr><td>1962-January</td><td>42,304</td><td>538</td><td>2,170</td><td>78</td><td>14,227</td><td>120</td><td>10,764</td><td>1,021</td><td>80</td><td>5,677</td><td>-</td><td>3,045</td><td>4,430</td><td>156</td></tr><tr><td>February</td><td>42,751</td><td>596</td><td>2,208</td><td>78</td><td>14,584</td><td>120</td><td>10,818</td><td>1,017</td><td>118</td><td>5,666</td><td>-</td><td>2,996</td><td>4,394</td><td>155</td></tr><tr><td>March</td><td>42,809</td><td>564</td><td>2,222</td><td>126</td><td>14,639</td><td>92</td><td>10,879</td><td>1,012</td><td>217</td><td>5,657</td><td>56</td><td>2,976</td><td>4,215</td><td>155</td></tr><tr><td>April</td><td>42,122</td><td>495</td><td>2,192</td><td>57</td><td>14,313</td><td>44</td><td>10,988</td><td>1,006</td><td>328</td><td>5,648</td><td>47</td><td>2,900</td><td>3,952</td><td>152</td></tr><tr><td>May</td><td>44,291</td><td>496</td><td>2,267</td><td>76</td><td>15,415</td><td>74</td><td>11,050</td><td>1,001</td><td>427</td><td>5,640</td><td>35</td><td>2,893</td><td>4,775</td><td>153</td></tr><tr><td>June</td><td>44,939</td><td>500</td><td>2,304</td><td>74</td><td>15,074</td><td>182</td><td>11,382</td><td>1,028</td><td>436</td><td>5,804</td><td>26</td><td>3,316</td><td>4,657</td><td>156</td></tr><tr><td>July</td><td>43,796</td><td>435</td><td>2,237</td><td>142</td><td>14,222</td><td>113</td><td>11,437</td><td>1,022</td><td>421</td><td>5,793</td><td>18</td><td>3,244</td><td>4,578</td><td>133</td></tr><tr><td>August</td><td>45,427</td><td>658</td><td>2,272</td><td>106</td><td>14,943</td><td>223</td><td>11,480</td><td>1,018</td><td>421</td><td>5,786</td><td>6</td><td>3,203</td><td>5,175</td><td>134</td></tr><tr><td>September</td><td>44,559</td><td>445</td><td>2,268</td><td>71</td><td>14,575</td><td>129</td><td>11,521</td><td>1,015</td><td>410</td><td>5,777</td><td>-</td><td>3,148</td><td>5,066</td><td>135</td></tr><tr><td>October</td><td>43,890</td><td>449</td><td>2,221</td><td>264</td><td>13,920</td><td>130</td><td>11,596</td><td>1,010</td><td>369</td><td>5,772</td><td>-</td><td>3,082</td><td>4,940</td><td>137</td></tr><tr><td>November</td><td>44,163</td><td>443</td><td>2,217</td><td>191</td><td>14,055</td><td>116</td><td>11,660</td><td>1,008</td><td>279</td><td>5,769</td><td>-</td><td>3,062</td><td>5,226</td><td>138</td></tr></table>
Source: Daily Treasury statement.
1/ Includes Canal Zone Postal Savings System 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.
30
Treasury Bulletin
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th colspan="3">Agriculture Department</th><th colspan="3">Housing and Home Finance Agency</th><th>Agency for International Development 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 6/</th><th>Other 7/</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>Export-Bank of Washington 2/</th><th>Administrator 3/</th><th>Federal National Mortgage Association 4/</th><th>Public Housing Administration</th><th></th><th></th><th></th><th></th><th></th></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>3</td><td>14</td><td>491</td><td>1,002</td><td>14</td></tr><tr><td>1956.</td><td>20,049</td><td>11,190</td><td>2,343</td><td>151</td><td>1,239</td><td>165</td><td>1,956</td><td>38</td><td>1,213</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>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>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>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>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>121</td><td>-</td><td>1,330</td><td>1,964</td><td>22</td></tr><tr><td>1962.</td><td>28,634</td><td>12,990</td><td>3,484</td><td>854</td><td>1,830</td><td>1,567</td><td>3,167</td><td>32</td><td>1,062</td><td>121</td><td>-</td><td>1,530</td><td>1,976</td><td>22</td></tr><tr><td>1961-December.</td><td>27,527</td><td>11,952</td><td>3,423</td><td>695</td><td>2,000</td><td>1,356</td><td>3,333</td><td>30</td><td>1,093</td><td>121</td><td>-</td><td>1,530</td><td>1,971</td><td>22</td></tr><tr><td>1962-January.</td><td>27,789</td><td>12,095</td><td>3,498</td><td>719</td><td>2,016</td><td>1,388</td><td>3,309</td><td>33</td><td>1,092</td><td>121</td><td>-</td><td>1,530</td><td>1,965</td><td>22</td></tr><tr><td>February.</td><td>28,013</td><td>12,163</td><td>3,498</td><td>773</td><td>2,061</td><td>1,430</td><td>3,328</td><td>33</td><td>1,092</td><td>121</td><td>-</td><td>1,530</td><td>1,962</td><td>22</td></tr><tr><td>March.</td><td>28,303</td><td>12,389</td><td>3,498</td><td>840</td><td>2,067</td><td>1,470</td><td>3,275</td><td>37</td><td>1,092</td><td>121</td><td>-</td><td>1,530</td><td>1,961</td><td>22</td></tr><tr><td>April.</td><td>28,593</td><td>12,553</td><td>3,548</td><td>860</td><td>2,122</td><td>1,491</td><td>3,235</td><td>40</td><td>1,092</td><td>121</td><td>-</td><td>1,530</td><td>1,979</td><td>21</td></tr><tr><td>May.</td><td>28,389</td><td>12,618</td><td>3,548</td><td>865</td><td>1,836</td><td>1,506</td><td>3,233</td><td>42</td><td>1,091</td><td>121</td><td>-</td><td>1,530</td><td>1,977</td><td>21</td></tr><tr><td>June.</td><td>28,634</td><td>12,990</td><td>3,484</td><td>854</td><td>1,830</td><td>1,567</td><td>3,167</td><td>32</td><td>1,062</td><td>121</td><td>-</td><td>1,530</td><td>1,976</td><td>22</td></tr><tr><td>July.</td><td>27,836</td><td>12,145</td><td>3,574</td><td>885</td><td>1,783</td><td>1,620</td><td>3,266</td><td>32</td><td>830</td><td>121</td><td>-</td><td>1,580</td><td>1,978</td><td>22</td></tr><tr><td>August.</td><td>27,516</td><td>11,778</td><td>3,574</td><td>888</td><td>1,796</td><td>1,676</td><td>3,198</td><td>72</td><td>830</td><td>121</td><td>-</td><td>1,580</td><td>1,982</td><td>22</td></tr><tr><td>September.</td><td>27,912</td><td>12,123</td><td>3,574</td><td>913</td><td>1,804</td><td>1,689</td><td>3,173</td><td>93</td><td>830</td><td>121</td><td>-</td><td>1,580</td><td>1,989</td><td>22</td></tr><tr><td>October.</td><td>28,550</td><td>12,598</td><td>3,654</td><td>961</td><td>1,806</td><td>1,730</td><td>3,133</td><td>44</td><td>829</td><td>121</td><td>25</td><td>1,640</td><td>1,987</td><td>22</td></tr><tr><td>November.</td><td>28,484</td><td>12,451</td><td>3,654</td><td>988</td><td>1,841</td><td>1,746</td><td>3,139</td><td>41</td><td>829</td><td>121</td><td>25</td><td>1,640</td><td>1,987</td><td>22</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 1961 Annual Report of the Secretary of the Treasury, page 736, and the 1961 Combined Statement of Receipts, Expenditures and Balances of the United States Government, page 494.
1/ Farm housing and other loan programs, and Agricultural Credit Insurance Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production Act.
3/ Consists of notes issued to borrow for: the urban renewal program (formerly slum clearance program); college housing loans; and public facility loans beginning fiscal 1956.
4/ 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. 1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
2/ And predecessor agencies. Beginning fiscal 1957, 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."
3/ Consists of notes of: the Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962; and the Secretary of the Treasury
7/ Consists of notes issued by the: Secretary of the Treasury; Small Business Administration, fiscal years 1955-57; United States Information Agency for informational media guarantees beginning fiscal 1957 (see footnote 5); Secretary of Commerce (Maritime Administration) for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61; Virgin Islands Corporation beginning fiscal 1960; and District of Columbia Commissioners for the Stadium Sinking Fund beginning June 1962.
December 1962
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/ 3/</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>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>1962.</td><td>9,332</td><td>430</td><td>1,797</td><td>1,855</td><td>2,550</td><td>-</td><td>2,556</td><td>145</td></tr><tr><td>1961-December.</td><td>8,574</td><td>434</td><td>1,571</td><td>1,585</td><td>2,431</td><td>-</td><td>2,453</td><td>100</td></tr><tr><td>1962-January.</td><td>8,819</td><td>434</td><td>1,683</td><td>1,569</td><td>2,431</td><td>-</td><td>2,602</td><td>100</td></tr><tr><td>February.</td><td>8,770</td><td>452</td><td>1,443</td><td>1,602</td><td>2,495</td><td>-</td><td>2,633</td><td>145</td></tr><tr><td>March.</td><td>8,995</td><td>452</td><td>1,602</td><td>1,644</td><td>2,495</td><td>-</td><td>2,658</td><td>145</td></tr><tr><td>April.</td><td>8,911</td><td>441</td><td>1,501</td><td>1,718</td><td>2,495</td><td>-</td><td>2,612</td><td>145</td></tr><tr><td>May.</td><td>9,049</td><td>441</td><td>1,566</td><td>1,781</td><td>2,550</td><td>-</td><td>2,366</td><td>145</td></tr><tr><td>June.</td><td>9,332</td><td>430</td><td>1,797</td><td>1,855</td><td>2,550</td><td>-</td><td>2,556</td><td>145</td></tr><tr><td>July.</td><td>9,593</td><td>430</td><td>2,108</td><td>1,926</td><td>2,550</td><td>-</td><td>2,435</td><td>145</td></tr><tr><td>August.</td><td>9,869</td><td>482</td><td>2,233</td><td>1,950</td><td>2,596</td><td>-</td><td>2,458</td><td>145</td></tr><tr><td>September.</td><td>9,883</td><td>474</td><td>2,257</td><td>1,930</td><td>2,596</td><td>-</td><td>2,481</td><td>145</td></tr><tr><td>October.</td><td>10,293</td><td>480</td><td>2,707</td><td>1,842</td><td>2,628</td><td>-</td><td>2,492</td><td>145</td></tr><tr><td>November.</td><td>10,213</td><td>480</td><td>2,707</td><td>1,774</td><td>2,628</td><td>-</td><td>2,479</td><td>145</td></tr></table>
Source: Office of Debt Analysis and agency reports. Note: The securities shown in the table are public offerings. 1/ 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.
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: $6 billion from August 28, 1954, through June 30, 1956(acts of August 28, 1954, and June 30, 1955); $3 billion from July 1, 1956, through June 30, 1957 (act of July 9,
$5 billion from February 26, 1958, through June 30, 1959 (act of February 26, 1958); $10 billion from July 1, 1959, through June 30, 1960 (act of June 30, 1959); $8 billion from July 1, 1960, through June 30, 1961 (act of June 30, 1960); $13 billion from July 1, 1961, and an additional $2 billion from March 13, 1962, through June 30, 1962 (acts of June 30, 1961, and March 13, 1962); and $23 billion from July 1, 1962, through March 31, 1963, $20 billion from April 1 through June 24, 1963; $15 billion from June 25 through June 30, 1963 (act approved July 1, 1962). Obligations issued on a discount basis and subject to redemption prior to maturity at the option of the owner are included in the statutory debt limitation at current redemption values.
Table 1.- Status under Limitation November 30, 1962
(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 July 1, 1962.</td><td>308,000</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>305,018</td></tr><tr><td>Guaranteed securities held outside the Treasury.</td><td>503</td></tr><tr><td>Total amount of securities outstanding subject to statutory debt limitation.</td><td>305,521</td></tr><tr><td>Balance issuable under limitation.</td><td>2,479</td></tr></table>
Source: Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding November 30, 1962
(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>47,843</td><td>-</td><td>47,843</td></tr><tr><td>Certificates of indebtedness.....................</td><td>22,710</td><td>-</td><td>22,710</td></tr><tr><td>Treasury notes.....................................</td><td>53,653</td><td>-</td><td>53,653</td></tr><tr><td>Treasury bonds.....................................</td><td>80,015</td><td>-</td><td>80,015</td></tr><tr><td>Total marketable....................................</td><td>204,222</td><td>-</td><td>204,222</td></tr><tr><td>Nonmarketable:</td><td></td><td></td><td></td></tr><tr><td>Certificates of indebtedness, foreign series......</td><td>385</td><td>-</td><td>385</td></tr><tr><td>Certificates of indebtedness, foreign currency series</td><td>98</td><td>-</td><td>98</td></tr><tr><td>Treasury bonds, foreign currency series............</td><td>201</td><td>-</td><td>201</td></tr><tr><td>U. S. savings bonds (current redemption value)....</td><td>47,720</td><td>-</td><td>47,720</td></tr><tr><td>Depository bonds, investment series................</td><td>95</td><td>-</td><td>95</td></tr><tr><td>Treasury bonds, R. E. A. series....................</td><td>4,477</td><td>-</td><td>4,477</td></tr><tr><td>Treasury bonds, R. E. A. series....................</td><td>25</td><td>-</td><td>25</td></tr><tr><td>Total nonmarketable................................</td><td>53,000</td><td>-</td><td>53,000</td></tr><tr><td>Special issues to Government agencies and trust funds</td><td>44,163</td><td>-</td><td>44,163</td></tr><tr><td>Total interest-bearing securities..................</td><td>301,384</td><td>-</td><td>301,384</td></tr><tr><td>Matured securities on which interest has ceased....</td><td>296</td><td>3</td><td>299</td></tr><tr><td>Debt bearing no interest:</td><td></td><td></td><td></td></tr><tr><td>United States savings stamps........................</td><td>52</td><td>-</td><td>52</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>3,012</td><td>-</td><td>3,012</td></tr><tr><td>International Development Association series......</td><td>173</td><td>-</td><td>173</td></tr><tr><td>Inter-American Development Bank series............</td><td>100</td><td>-</td><td>100</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>119</td><td>119</td></tr><tr><td>Other debt bearing no interest.....................</td><td>-</td><td>59</td><td>59</td></tr><tr><td>Total debt bearing no interest.....................</td><td>3,338</td><td>369</td><td>3,707</td></tr><tr><td>Total public debt....................................</td><td>305,018</td><td>372</td><td>305,390</td></tr><tr><td>Guaranteed securities 1/</td><td></td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>502</td><td>-</td><td>502</td></tr><tr><td>Matured.............................................</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Total guaranteed securities.........................</td><td>503</td><td>-</td><td>503</td></tr><tr><td>Total public debt and guaranteed securities........</td><td>305,521</td><td>372</td><td>305,893</td></tr></table>
Source: Daily Treasury statement. 1/ Held outside the Treasury.
December 1962
33
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding November 30, 1962 Other Than Regular Weekly Treasury Bills
(In millions of dollars)
<table><tr><th>Year and month of final maturity 1/</th><th>Description of security</th><th colspan="3">Amount of maturities</th><th>Year and month of final maturity 1/</th><th>Description of security</th><th colspan="3">Amount of maturities</th></tr><tr><th></th><th></th><th>Total</th><th>U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th><th></th><th></th><th>Total</th><th>U. S. Govt. investment accounts and Fed. Res. Banks</th><th>All other investors</th></tr><tr><td>1962</td><td></td><td></td><td></td><td></td><td>1964</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.......</td><td>2-1/4% Bond - 12/15/59-62 2-3/4% Bond 2/ - 12/15/60-65</td><td>218 1,485</td><td>*</td><td>218 73</td><td>Feb.......</td><td>3% Bond -</td><td>2,700</td><td>119</td><td>2,581</td></tr><tr><td></td><td>Total....................</td><td>1,703</td><td>1,412</td><td>291</td><td>Apr.......</td><td>1-1/2% Note -</td><td>457</td><td>-</td><td>457</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>May.....</td><td>4-3/4% Note - 3-3/4% Note -</td><td>4,933 3,893</td><td>2,884 304</td><td>2,049 3,589</td></tr><tr><td>1963</td><td></td><td></td><td></td><td></td><td>Aug.....</td><td>5% Note - 3-3/4% Note -</td><td>2,316 5,019</td><td>218 1,795</td><td>2,098 3,224</td></tr><tr><td>Jan.....</td><td>3.366% Bill - 1/15/63</td><td>2,001</td><td>77</td><td>1,924</td><td>Oct.....</td><td>1-1/2% Note -</td><td>490</td><td>-</td><td>490</td></tr><tr><td>Feb.....</td><td>2-5/8% Note - 2/15/63-A 3-1/4% Note - 2/15/63-E 3-1/2% Certificate - 2/15/63-A</td><td>1,487 2,299 5,719</td><td>264 252 3,509</td><td>1,223 2,007 2,210</td><td>Nov.....</td><td>4-7/8% Note -</td><td>4,195</td><td>2,338</td><td>1,857</td></tr><tr><td>Mar.....</td><td>2.616% Bill (tax ant.) - 3/22/63</td><td>3,005</td><td>131</td><td>2,874</td><td>Total....................</td><td>24,002</td><td>7,637</td><td>16,345</td></tr><tr><td>Apr.....</td><td>1-1/2% Note - 4/1/63-EA 2.943% Bill - 4/15/63</td><td>533 2,001</td><td>3 144</td><td>530 1,857</td><td>1965</td><td></td><td></td><td></td><td></td></tr><tr><td>May.....</td><td>3-1/4% Certificate - 5/15/63-B 4% Note - 5/15/63-B 3-1/4% Note - 5/15/63-D</td><td>5,284 1,183 3,027</td><td>2,551 54 823</td><td>2,734 1,130 2,204</td><td>Feb.....</td><td>2-5/8% Bond - 2/15/65</td><td>4,682</td><td>450</td><td>4,232</td></tr><tr><td>July....</td><td>3.257% Bill - 7/15/63</td><td>2,004</td><td>125</td><td>1,878</td><td>Apr.....</td><td>1-1/2% Note - 4/1/65-EA</td><td>466</td><td>15</td><td>451</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>May.....</td><td>4-5/8% Note - 5/15/65-A</td><td>2,113</td><td>399</td><td>1,714</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Oct.....</td><td>1-1/2% Note - 10/1/65-B0</td><td>315</td><td>-</td><td>315</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Nov.....</td><td>3-1/2% Note - 11/15/65-B</td><td>3,287</td><td>14</td><td>3,272</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Total....................</td><td>10,862</td><td>877</td><td>9,986</td></tr><tr><td>1966</td><td></td><td></td><td></td><td></td><td>1966</td><td></td><td></td><td></td><td></td></tr><tr><td>Aug.....</td><td>3-1/2% Certificate - 8/15/63-C 2-1/2% Bond - 8/15/63</td><td>6,851 4,317</td><td>3,824 588</td><td>3,027 3,929</td><td>Feb.....</td><td>3-5/8% Note - 2/15/66-B</td><td>3,114</td><td>192</td><td>2,922</td></tr><tr><td>Oct.....</td><td>1-1/2% Note - 10/1/63-B0 2.969% Bill - 10/15/63</td><td>506 2,500</td><td>2 285</td><td>504 2,215</td><td>Apr.....</td><td>1-1/2% Note - 4/1/66-EA</td><td>675</td><td>-</td><td>675</td></tr><tr><td>Nov.....</td><td>3-1/8% Certificate - 11/15/63-D 4-7/8% Note - 11/15/63-C</td><td>4,856 3,011</td><td>3,797 336</td><td>1,059 2,675</td><td>May.....</td><td>3-3/4% Bond - 5/15/66</td><td>3,597</td><td>309</td><td>3,287</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Aug.....</td><td>3% Bond - 8/15/66 4% Note - 8/15/66-A</td><td>1,484 4,454</td><td>148 1,683</td><td>1,337 2,771</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Oct.....</td><td>1-1/2% Note - 10/1/66-B0</td><td>357</td><td>-</td><td>357</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Nov.....</td><td>3-3/8% Bond - 11/15/66</td><td>2,438</td><td>231</td><td>2,208</td></tr><tr><td>Total....................</td><td></td><td>50,545</td><td>16,566</td><td>33,979</td><td>Total....................</td><td>16,119</td><td>2,562</td><td>13,557</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 November 30, 1962
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>1967</td><td></td><td></td><td></td><td></td><td>1972</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr....</td><td>1-1/2% Note - 4/1/67-EA</td><td>270</td><td>-</td><td>270</td><td>Feb....</td><td>4% Bond - 2/15/72</td><td>2,344</td><td>25</td><td>2,318</td></tr><tr><td>June...</td><td>2-1/2% Bond - 6/15/62-67</td><td>1,462</td><td>194</td><td>1,269</td><td>June...</td><td>2-1/2% Bond - 6/15/67-72</td><td>1,328</td><td>128</td><td>1,201</td></tr><tr><td>Aug....</td><td>3-3/4% Note - 8/15/67-A</td><td>5,282</td><td>116</td><td>5,165</td><td>Aug....</td><td>4% Bond - 8/15/72</td><td>2,579</td><td>385</td><td>2,194</td></tr><tr><td>Oct....</td><td>1-1/2% Note - 10/1/67-E0</td><td>13</td><td>-</td><td>13</td><td>Sept...</td><td>2-1/2% Bond - 9/15/67-72</td><td>1,952</td><td>73</td><td>1,879</td></tr><tr><td>Nov....</td><td>3-5/8% Bond - 11/15/67</td><td>3,604</td><td>760</td><td>2,843</td><td>Dec....</td><td>2-1/2% Bond - 12/15/67-72</td><td>2,810</td><td>208</td><td>2,602</td></tr><tr><td>Total</td><td></td><td>10,630</td><td>1,070</td><td>9,560</td><td>Total</td><td></td><td>11,013</td><td>819</td><td>10,194</td></tr><tr><td>1968</td><td></td><td></td><td></td><td></td><td>1974</td><td></td><td></td><td></td><td></td></tr><tr><td>May....</td><td>3-7/8% Bond - 5/15/68</td><td>2,460</td><td>396</td><td>2,064</td><td>Nov....</td><td>3-7/8% Bond - 11/15/74</td><td>1,171</td><td>364</td><td>807</td></tr><tr><td>Aug....</td><td>3-3/4% Bond - 8/15/68</td><td>1,258</td><td>120</td><td>1,138</td><td>1980</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>1,816</td><td>230</td><td>1,586</td><td>Feb....</td><td>4% Bond - 2/15/80</td><td>1,446</td><td>323</td><td>1,123</td></tr><tr><td>Total</td><td></td><td>5,533</td><td>745</td><td>4,788</td><td>Nov....</td><td>3-1/2% Bond - 11/15/80</td><td>1,915</td><td>688</td><td>1,227</td></tr><tr><td>1969</td><td></td><td></td><td></td><td></td><td>Total</td><td></td><td>3,361</td><td>1,012</td><td>2,349</td></tr><tr><td>Feb....</td><td>4% Bond - 2/15/69</td><td>1,844</td><td>119</td><td>1,725</td><td>1983</td><td></td><td></td><td></td><td></td></tr><tr><td>June...</td><td>2-1/2% Bond - 6/15/64-69</td><td>2,633</td><td>500</td><td>2,133</td><td>June...</td><td>3-1/4% Bond - 6/15/78-83</td><td>1,593</td><td>181</td><td>1,412</td></tr><tr><td>Oct....</td><td>4% Bond - 10/1/69</td><td>2,538</td><td>333</td><td>2,205</td><td>1985</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec....</td><td>2-1/2% Bond - 12/15/64-69</td><td>2,545</td><td>537</td><td>2,007</td><td>May....</td><td>3-1/4% Bond - 5/15/85</td><td>1,131</td><td>171</td><td>960</td></tr><tr><td>Total</td><td></td><td>9,559</td><td>1,489</td><td>8,070</td><td>4-1/4% Bond - 5/15/75-85</td><td>470</td><td>114</td><td>356</td></tr><tr><td>1970</td><td></td><td></td><td></td><td></td><td>Total</td><td></td><td>1,600</td><td>284</td><td>1,316</td></tr><tr><td>Mar....</td><td>2-1/2% Bond - 3/15/65-70</td><td>2,423</td><td>772</td><td>1,651</td><td>1990</td><td></td><td></td><td></td><td></td></tr><tr><td>1971</td><td></td><td></td><td></td><td></td><td>Feb....</td><td>3-1/2% Bond - 2/15/90</td><td>4,915</td><td>1,052</td><td>3,863</td></tr><tr><td>Mar....</td><td>2-1/2% Bond - 3/15/66-71</td><td>1,412</td><td>388</td><td>1,024</td><td>1992</td><td></td><td></td><td></td><td></td></tr><tr><td>Aug....</td><td>4% Bond - 8/15/71</td><td>2,806</td><td>459</td><td>2,346</td><td>Aug....</td><td>4-1/4% Bond - 8/15/87-92</td><td>365</td><td>54</td><td>311</td></tr><tr><td>Nov....</td><td>3-7/8% Bond - 11/15/71</td><td>1,204</td><td>105</td><td>1,099</td><td>1995</td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td></td><td>5,422</td><td>952</td><td>4,469</td><td>Feb....</td><td>3% Bond - 2/15/95</td><td>2,612</td><td>177</td><td>2,435</td></tr><tr><td>1998</td><td></td><td></td><td></td><td></td><td>Nov....</td><td>3-1/2% Bond - 11/15/98</td><td>4,460</td><td>908</td><td>3,553</td></tr></table>
Source: Daily Treasury statement and Office of Debt Analysis in the Office of the Secretary. 1/ For issue date of each security, see "Market Quotations." 2/ Income is partially exempt from income tax. Called on August 15, 1962,
for redemption on December 15, 1962. $1,412 million exchanged November 15, 1962, held in Treasury suspense account until December 15 maturity. * Less than $500,000.
December 1962
35
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
<table><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity 1/</th><th>Amount of bids tendered</th><th colspan="4">Amount of bids accepted</th><th>Amount maturing on issue date of new offering</th><th>Total of unmaturing issues outstanding after new issues</th></tr><tr><th colspan="10">Description of new issue</th></tr><tr><th></th><th></th><th></th><th></th><th>Total amount</th><th>On competitive basis</th><th>On noncompetitive basis 2/</th><th>In exchange</th><th></th><th></th></tr><tr><td colspan="10">Regular weekly bills:</td></tr><tr><td>1962-Aug.</td><td>2</td><td>{1962-Nov. 1 1963-Jan. 31</td><td>91 182</td><td>2,161.1 1,575.6</td><td>1,300.7 700.2</td><td>1,075.9 645.9</td><td>224.8 54.3</td><td>115.8 61.4</td><td>1,201.6 600.3</td><td>16,712.0 16,514.3</td></tr><tr><td>Aug.</td><td>9</td><td>{1962-Nov. 8 1963-Feb. 7</td><td>91 182</td><td>1,971.9 1,202.6</td><td>1,300.9 700.4</td><td>1,083.8 650.3</td><td>217.1 50.1</td><td>128.1 62.8</td><td>1,204.2 600.1</td><td>16,808.7 16,614.6</td></tr><tr><td>Aug.</td><td>16</td><td>{1962-Nov. 15 1963-Feb. 14</td><td>91 182</td><td>2,078.3 1,765.9</td><td>1,300.7 703.8</td><td>1,055.2 642.3</td><td>245.5 61.6</td><td>42.2 22.3</td><td>1,200.4 600.4</td><td>16,908.9 16,718.0</td></tr><tr><td>Aug.</td><td>23</td><td>{1962-Nov. 23 1963-Feb. 21</td><td>92 182</td><td>2,003.1 1,651.1</td><td>1,300.8 699.7</td><td>1,072.5 639.5</td><td>228.4 60.2</td><td>97.9 53.6</td><td>1,300.4 600.9</td><td>16,909.3 16,816.8</td></tr><tr><td>Aug.</td><td>30</td><td>{1962-Nov. 29 1963-Feb. 28</td><td>91 182</td><td>2,247.7 1,259.5</td><td>1,300.8 700.2</td><td>1,092.4 649.8</td><td>208.5 50.4</td><td>82.4 42.3</td><td>1,301.2 600.2</td><td>16,909.0 16,916.7</td></tr><tr><td>Sept.</td><td>6</td><td>{1962-Dec. 6 1963-Mar. 7</td><td>91 182</td><td>2,054.2 1,332.2</td><td>1,301.4 700.3</td><td>1,095.9 652.2</td><td>205.5 48.1</td><td>78.1 43.1</td><td>1,301.0 600.9</td><td>16,909.4 17,016.2</td></tr><tr><td>Sept.</td><td>13</td><td>{1962-Dec. 13 1963-Mar. 14</td><td>91 182</td><td>2,377.2 1,290.5</td><td>1,300.9 700.6</td><td>1,029.0 630.3</td><td>271.9 70.3</td><td>15.2 3.6</td><td>1,300.4 600.3</td><td>16,909.9 17,116.5</td></tr><tr><td>Sept.</td><td>20</td><td>{1962-Dec. 20 1963-Mar. 21</td><td>91 182</td><td>2,264.8 1,375.2</td><td>1,301.2 700.4</td><td>1,016.8 622.0</td><td>284.4 78.5</td><td>204.0 53.5</td><td>1,300.7 600.1</td><td>16,910.3 17,216.8</td></tr><tr><td>Sept.</td><td>27</td><td>{1962-Dec. 27 1963-Mar. 28</td><td>91 182</td><td>2,150.4 1,777.2</td><td>1,300.4 700.1</td><td>1,060.1 639.5</td><td>240.3 60.6</td><td>65.7 43.3</td><td>1,300.5 600.2</td><td>16,910.3 17,316.7</td></tr><tr><td>Oct.</td><td>4</td><td>Jan. 3 Apr. 4</td><td>91 182</td><td>2,010.7 1,505.3</td><td>1,300.5 701.1</td><td>1,089.6 643.4</td><td>210.9 57.7</td><td>156.9 53.4</td><td>1,300.5 600.6</td><td>16,910.2 17,417.2</td></tr><tr><td>Oct.</td><td>11</td><td>Jan. 10 Apr. 11</td><td>91 182</td><td>2,135.7 1,630.6</td><td>1,301.4 700.6</td><td>1,022.1 631.2</td><td>279.3 69.4</td><td>94.2 14.3</td><td>1,301.4 600.2</td><td>16,910.2 17,517.6</td></tr><tr><td>Oct.</td><td>18p</td><td>Jan. 17 Apr. 18</td><td>91 182</td><td>2,224.5 1,436.4</td><td>1,300.3 700.0</td><td>1,007.5 623.4</td><td>292.9 76.7</td><td>18.9 4.6</td><td>1,302.5 600.3</td><td>16,908.1 17,617.3</td></tr><tr><td>Oct.</td><td>25p</td><td>Jan. 24 Apr. 25</td><td>91 182</td><td>2,133.0 1,394.1</td><td>1,300.5 700.3</td><td>1,044.7 633.3</td><td>255.8 67.0</td><td>121.9 3.5</td><td>1,298.1 600.4</td><td>16,910.5 17,717.2</td></tr><tr><td>Nov.</td><td>1p</td><td>Jan. 31 May 2</td><td>91 182</td><td>2,206.9 1,572.6</td><td>1,301.1 700.8</td><td>1,064.7 643.5</td><td>236.5 57.3</td><td>95.0 43.0</td><td>1,300.7 600.0</td><td>16,910.9 17,817.9</td></tr><tr><td>Nov.</td><td>8p</td><td>Feb. 7 May 9</td><td>91 182</td><td>2,249.2 1,760.7</td><td>1,300.9 702.3</td><td>1,066.4 644.6</td><td>234.6 57.7</td><td>138.2 42.7</td><td>1,300.9 601.6</td><td>16,911.0 17,918.6</td></tr><tr><td>Nov.</td><td>15p</td><td>Feb. 14 May 16</td><td>91 182</td><td>2,324.7 1,435.7</td><td>1,302.3 701.3</td><td>1,062.2 638.8</td><td>240.1 62.5</td><td>73.8 22.8</td><td>1,300.7 600.1</td><td>16,912.6 18,019.8</td></tr><tr><td>Nov.</td><td>15p 3/</td><td>Jan. 17 Jan. 24 Jan. 31 Feb. 7 Feb. 14 Feb. 21 Feb. 28 Mar. 7 Mar. 14 Mar. 21</td><td>63 70 77 84 91 98 105 112 119 126</td><td>2,410.1</td><td>1,001.3</td><td>988.1</td><td>13.3</td><td>-</td><td>-</td><td>{16,912.6 19,021.1 4/</td></tr><tr><td>Nov.</td><td>23p</td><td>Feb. 21 May 23</td><td>90 181</td><td>2,409.2 1,273.8</td><td>1,300.1 800.0</td><td>1,030.8 736.0</td><td>269.3 64.0</td><td>117.1 53.5</td><td>1,300.8 600.3</td><td>16,911.9 19,220.8 4/</td></tr><tr><td>Nov.</td><td>29p</td><td>Feb. 28 May 31</td><td>91 183</td><td>2,042.4 1,328.4</td><td>1,300.4 800.7</td><td>1,075.8 750.9</td><td>224.6 49.8</td><td>97.5 32.1</td><td>1,300.8 601.3</td><td>16,911.5 19,420.2 4/</td></tr><tr><td colspan="10">Tax anticipation bills:</td></tr><tr><td>1962-Mar.</td><td>23</td><td>1962-Sept. 21</td><td>182</td><td>3,593.8</td><td>1,802.0</td><td>1,656.2</td><td>145.8</td><td>168.0</td><td>3,502.9</td><td>4,312.8</td></tr><tr><td>Oct.</td><td>3</td><td>1963-Mar. 22</td><td>170</td><td>5,945.8</td><td>3,005.2</td><td>2,440.4</td><td>564.8</td><td>-</td><td>-</td><td>3,005.2</td></tr><tr><td colspan="10">Other bills:</td></tr><tr><td>1961-Oct.</td><td>16</td><td>1962-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>1,502.2</td><td>7,509.1</td></tr><tr><td>1962-Jan.</td><td>15</td><td>1963-Jan. 15</td><td>365</td><td>3,650.9</td><td>2,001.3</td><td>1,810.8</td><td>190.4</td><td>138.7</td><td>1,501.7</td><td>8,008.7</td></tr><tr><td>Apr.</td><td>15</td><td>Apr. 15</td><td>365</td><td>3,453.7</td><td>2,000.8</td><td>1,841.3</td><td>159.5</td><td>80.1</td><td>2,000.5</td><td>8,009.0</td></tr><tr><td>July</td><td>15</td><td>July 15</td><td>365</td><td>3,722.3</td><td>2,003.6</td><td>1,778.9</td><td>224.7</td><td>16.3</td><td>2,003.5</td><td>8,009.1</td></tr><tr><td>Oct.</td><td>15</td><td>Oct. 15</td><td>365</td><td>4,535.0</td><td>2,500.1</td><td>2,315.1</td><td>185.1</td><td>190.0</td><td>2,003.5</td><td>8,505.7</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, 1959, tenders for $100,000 or less from
any one bidder are accepted in full at average price of accepted competitive bids; for other issues, the corresponding amount is stipulated in each offering announcement. 3/ An additional $100,131,000 each of ten series of outstanding weekly bills were issued in "strip" form for cash. 4/ Includes "strip" bills issued November 15, 1962.
(Continued on following page)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills - (Continued)
<table><tr><th>Issue date</th><th colspan="2">On total bids accepted</th><th colspan="4">On competitive bids accepted</th></tr><tr><th></th><th>Average price per hundred</th><th>Equivalent average rate 5/</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th>(Percent)</th><th>Price per hundred</th><th>Equivalent rate 5/</th><th>Price per hundred</th><th>Equivalent rate 5/</th></tr><tr><td colspan="7">Regular weekly bills:</td></tr><tr><td>1962-Aug. 2.</td><td>99,274 98,446</td><td>2.874 3.075</td><td>99,279 98,458</td><td>2.852 3.050</td><td>99,271 98,444</td><td>2.884 3.078</td></tr><tr><td>Aug. 9.</td><td>99,292 98,489</td><td>2.801 2.990</td><td>99,304 98,496</td><td>2.753 2.975</td><td>99,282 98,474</td><td>2.840 3.018</td></tr><tr><td>Aug. 16.</td><td>99,275 98,453</td><td>2.867 3.060</td><td>99,283 98,471</td><td>2.836 3.024</td><td>99,271 98,452</td><td>2.884 3.062</td></tr><tr><td>Aug. 23.</td><td>99,275 98,491</td><td>2.837 2.984</td><td>99,278 98,498</td><td>2.825 2.971</td><td>99,271 98,488</td><td>2.853 2.991</td></tr><tr><td>Aug. 30.</td><td>99,291 98,526</td><td>2.805 2.916</td><td>99,296 98,534</td><td>2.785 2.900</td><td>99,288 98,523</td><td>2.817 2.922</td></tr><tr><td>Sept. 6.</td><td>99,284 98,495</td><td>2.834 2.977</td><td>99,291 98,505</td><td>2.805 2.957</td><td>99,279 98,491</td><td>2.852 2.985</td></tr><tr><td>Sept. 13.</td><td>99,295 98,528</td><td>2.789 2.911</td><td>99,298 98,538</td><td>2.777 2.892</td><td>99,292 98,521</td><td>2.801 2.925</td></tr><tr><td>Sept. 20.</td><td>99,293 98,503</td><td>2.796 2.962</td><td>99,300 98,509</td><td>2.769 2.949</td><td>99,292 98,498</td><td>2.801 2.971</td></tr><tr><td>Sept. 27.</td><td>99,305 98,515</td><td>2.749 2.938</td><td>99,310 98,518</td><td>2.730 2.931</td><td>99,302 98,514</td><td>2.761 2.939</td></tr><tr><td>Oct. 4.</td><td>99,304 98,533</td><td>2.752 2.902</td><td>99,310 98,537</td><td>2.730 2.894</td><td>99,300 98,530</td><td>2.769 2.908</td></tr><tr><td>Oct. 11.</td><td>99,302 98,552</td><td>2.760 2.864</td><td>99,308 98,560</td><td>2.738 2.848</td><td>99,300 98,550</td><td>2.769 2.868</td></tr><tr><td>Oct. 18p.</td><td>99,305 98,563</td><td>2.749 2.843</td><td>99,310 98,570</td><td>2.730 2.829</td><td>99,303 98,562</td><td>2.757 2.844</td></tr><tr><td>Oct. 25p.</td><td>99,307 98,570</td><td>2.742 2.828</td><td>99,312 98,576</td><td>2.722 2.817</td><td>99,305 98,568</td><td>2.749 2.833</td></tr><tr><td>Nov. 1p.</td><td>99,321 98,597</td><td>2.686 2.775</td><td>99,325 98,601</td><td>2.670 2.767</td><td>99,318 98,596</td><td>2.698 2.777</td></tr><tr><td>Nov. 8p.</td><td>99,282 98,520</td><td>2.841 2.927</td><td>99,287 98,526</td><td>2.821 2.916</td><td>99,279 98,519</td><td>2.852 2.929</td></tr><tr><td>Nov. 15p.</td><td>99,292 98,561</td><td>2.801 2.846</td><td>99,295 98,570</td><td>2.789 2.829</td><td>99,290 98,559</td><td>2.809 2.850</td></tr><tr><td>Nov. 15p 3/.</td><td>99,248</td><td>2.866</td><td>99,258</td><td>2.827</td><td>99,245</td><td>2.876</td></tr><tr><td>Nov. 23p.</td><td>99,292 98,546</td><td>2.833 2.892</td><td>99,297 98,552</td><td>2.812 2.880</td><td>99,290 98,539</td><td>2.840 2.906</td></tr><tr><td>Nov. 29p.</td><td>99,279 98,508</td><td>2.853 2.936</td><td>99,292 98,518</td><td>2.801 2.915</td><td>99,276 98,502</td><td>2.864 2.947</td></tr><tr><td colspan="7">Tax anticipation bills:</td></tr><tr><td>1962-Mar. 23.</td><td>98,536</td><td>2.896</td><td>98,549 98,820</td><td>2.870 2.499</td><td>98,529 98,757</td><td>2.910 2.632</td></tr><tr><td>Oct. 3.</td><td>98,765</td><td>2.616</td><td>19/</td><td></td><td></td><td></td></tr><tr><td colspan="7">Other bills:</td></tr><tr><td>1961-Oct. 16.</td><td>96,992</td><td>2.975</td><td>97,037 96,614</td><td>2.930 3.340</td><td>96,979 96,572</td><td>2.988 3.381</td></tr><tr><td>1962-Jan. 15.</td><td>96,588 97,012</td><td>3.366 3.943</td><td>96,614 97,014</td><td>3.340 3.918</td><td>96,502 97,002</td><td>3.381 2.957</td></tr><tr><td>Apr. 15.</td><td>96,698</td><td>3.257</td><td>96,730 97,019</td><td>3.225 2.940</td><td>96,682 96,980</td><td>3.273 2.979</td></tr><tr><td>July 15.</td><td>96,989</td><td>2.969</td><td>23/</td><td></td><td></td><td></td></tr><tr><td>Oct. 15.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
2/ Bank discount basis.
5/ Except $150,000 at 98.508, and $415,000 at 98.500.
7/ Except $400,000 at 99.292
8/ Except $105,000 at 98.522, $400,000 at 98.500, and $100,000 at 98.480.
9/ Except $500,000 at 99.284.
10/ Except $200,000 at 98.525.
11/ Except $200,000 at 98.526, $100,000 at 98.525, and $100,000 at 98.514.
12/ Except $100,000 at 98.584.
13/ Except $1,500,000 at 99.319.
14/ Except $100,000 at 98.601, $100,000 at 98.600, $200,000 at 98.590, and $100,000 at 98.584.
15/ Except $100,000 at 98.584.
16/ Except $50,000 at 98.567, and $150,000 at 98.557.
17/ Except $100,000 at 98.546, and $50,000 at 98.530.
18/ Except $100,000 at 99.625.
19/ Except $100,000 at 98.962, and $3,000,000 at 98.834.
20/ Except $100,000 at 97.070.
21/ Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654, and $3,000,000 at 96.624.
22/ Except $50,000 at 96.852, $200,000 at 96.806, $100,000 at 96.800, $25,000 at 96.781, $400,000 at 96.756, and $2,000,000 at 96.745.
23/ Except $500,000 at 97.029.
p Preliminary.
37
December 1962
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
<table><tr><th colspan="3">Description of issue</th><th>Amount of bids tendered</th><th>Amount of bids accepted</th><th>Average rate on bids accepted 1/</th><th>New money increase, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th>Number of days to maturity</th><th></th><th></th><th>(Percent)</th><th></th></tr><tr><td>1953-Apr. 23</td><td>1953- July 23</td><td>91</td><td>$ 2,202</td><td>$ 1,501</td><td>2.320</td><td>$ 100</td></tr><tr><td>May 7</td><td>Aug. 6</td><td>91</td><td>2,166</td><td>1,500</td><td>2.352</td><td>200</td></tr><tr><td>May 21</td><td>Aug. 20</td><td>91</td><td>2,340</td><td>1,501</td><td>2.092</td><td>200</td></tr><tr><td>May 28</td><td>Aug. 27</td><td>91</td><td>2,087</td><td>1,501</td><td>2.084</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>2,651</td><td>1,602</td><td>2.104</td><td>99</td></tr><tr><td>Sept. 22</td><td>Dec. 22</td><td>91</td><td>2,328</td><td>1,601</td><td>1.981</td><td>98</td></tr><tr><td>Sept. 29</td><td>Dec. 29</td><td>91</td><td>2,317</td><td>1,601</td><td>2.122</td><td>101</td></tr><tr><td>1957-Jan. 31</td><td>1957- May 2</td><td>91</td><td>2,624</td><td>1,700</td><td>3.283</td><td>99</td></tr><tr><td>Feb. 7</td><td>May 9</td><td>91</td><td>2,626</td><td>1,700</td><td>3.133</td><td>99</td></tr><tr><td>Feb. 14</td><td>May 16</td><td>91</td><td>2,719</td><td>1,700</td><td>3.057</td><td>99</td></tr><tr><td>Feb. 21</td><td>May 23</td><td>91</td><td>2,580</td><td>1,800</td><td>3.182</td><td>200</td></tr><tr><td>Feb. 28</td><td>May 31</td><td>92</td><td>2,741</td><td>1,802</td><td>3.288</td><td>202</td></tr><tr><td>Mar. 7</td><td>June 6</td><td>91</td><td>2,769</td><td>1,800</td><td>3.246</td><td>200</td></tr><tr><td>Mar. 14</td><td>June 13</td><td>91</td><td>2,830</td><td>1,802</td><td>3.239</td><td>202</td></tr><tr><td>Dec. 19</td><td>1958- Mar. 20</td><td>91</td><td>2,348</td><td>1,700</td><td>3.140</td><td>100</td></tr><tr><td>Deco. 26</td><td>Mar. 27</td><td>91</td><td>2,416</td><td>1,700</td><td>3.173</td><td>98</td></tr><tr><td>1958-Jan. 2</td><td>Apr. 3</td><td>91</td><td>2,388</td><td>1,700</td><td>2.753</td><td>101</td></tr><tr><td>Jan. 9</td><td>Apr. 10</td><td>91</td><td>2,430</td><td>1,700</td><td>2.858</td><td>100</td></tr><tr><td>Jan. 16</td><td>Apr. 17</td><td>91</td><td>2,682</td><td>1,701</td><td>2.591</td><td>100</td></tr><tr><td>Jan. 23</td><td>Apr. 24</td><td>91</td><td>2,751</td><td>1,702</td><td>2.587</td><td>100</td></tr><tr><td>Mar. 13</td><td>June 12</td><td>91</td><td>2,436</td><td>1,700</td><td>1.532</td><td>-100</td></tr><tr><td>Sept. 11</td><td>Dec. 11</td><td>91</td><td>2,550</td><td>1,800</td><td>2.359</td><td>100</td></tr><tr><td>Sept. 18</td><td>Dec. 18</td><td>91</td><td>2,636</td><td>1,800</td><td>2.604</td><td>99</td></tr><tr><td>Sept. 25</td><td>Dec. 26</td><td>92</td><td>2,576</td><td>1,800</td><td>2.511</td><td>99</td></tr><tr><td>Oct. 2</td><td>1959- Jan. 2</td><td>92</td><td>2,291</td><td>1,801</td><td>2.920</td><td>101</td></tr><tr><td>Oct. 9</td><td>Jan. 8</td><td>91</td><td>2,382</td><td>1,800</td><td>2.668</td><td>100</td></tr><tr><td>Oct. 16</td><td>Jan. 15</td><td>91</td><td>3,088</td><td>1,803</td><td>2.927</td><td>104</td></tr><tr><td>Oct. 23</td><td>Jan. 22</td><td>91</td><td>2,987</td><td>1,800</td><td>2.804</td><td>99</td></tr><tr><td>Oct. 30</td><td>Jan. 29</td><td>91</td><td>2,872</td><td>1,803</td><td>2.647</td><td>102</td></tr><tr><td>Nov. 6</td><td>Feb. 5</td><td>91</td><td>2,811</td><td>1,802</td><td>2.649</td><td>102</td></tr><tr><td>Nov. 13</td><td>Feb. 13</td><td>92</td><td>2,857</td><td>1,801</td><td>2.774</td><td>101</td></tr><tr><td>Dec. 11</td><td>Mar. 12</td><td>91</td><td>2,407</td><td>1,600</td><td>2.805</td><td>200</td></tr><tr><td>Dec. 18</td><td>Mar. 19</td><td>91</td><td>2,476</td><td>1,600</td><td>2.904</td><td>200</td></tr><tr><td>Dec. 26</td><td>Mar. 26</td><td>90</td><td>2,394</td><td>1,601</td><td>2.739</td><td>201</td></tr><tr><td>1959-Jan. 2</td><td>Apr. 2</td><td>90</td><td>2,479</td><td>1,600</td><td>2.690</td><td>199</td></tr><tr><td>Jan. 8</td><td>Apr. 9</td><td>91</td><td>2,508</td><td>1,599</td><td>2.678</td><td>199</td></tr><tr><td>Jan. 15</td><td>Apr. 16</td><td>91</td><td>2,178</td><td>1,600</td><td>2.808</td><td>197</td></tr><tr><td></td><td>July 16</td><td>182</td><td>734</td><td>401</td><td>3.094</td><td></td></tr></table>
Footnotes at end of table
(Continued on following page)
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">Number of days to maturity</th><th rowspan="2">Amount of bids tendered</th><th rowspan="2">Amount of bids accepted</th><th rowspan="2">Average rate on bids accepted 1/ (Percent)</th><th rowspan="2">New money increase, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th></th></tr><tr><td>1959-Mar. 5</td><td>1959-June Sept. 4 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 Sept. 11 10</td><td>91 182</td><td>2,254 967</td><td>1,301 400</td><td>3.062 3.375</td><td>101</td></tr><tr><td>Mar. 19</td><td>June Sept. 18 17</td><td>91 182</td><td>2,019 727</td><td>1,301 400</td><td>2.763 3.058</td><td>100</td></tr><tr><td>Mar. 26</td><td>June Sept. 25 24</td><td>91 182</td><td>2,122 671</td><td>1,300 400</td><td>2.766 3.093</td><td>100</td></tr><tr><td>Aug. 13</td><td>1959-Nov. 12 1960-Feb. 11</td><td>91 182</td><td>1,866 875</td><td>1,200 400</td><td>3.150 3.690</td><td>199</td></tr><tr><td>Aug. 20</td><td>1959-Nov. 19 1960-Feb. 18</td><td>91 182</td><td>1,853 790</td><td>1,200 400</td><td>3.417 3.782</td><td>199</td></tr><tr><td>Aug. 27</td><td>1959-Nov. 27 1960-Feb. 25</td><td>92 182</td><td>1,964 693</td><td>1,200 400</td><td>3.824 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. Nov. 25 25</td><td>91 183</td><td>1,834 897</td><td>1,200 500</td><td>3.497 3.867</td><td>96</td></tr><tr><td>June 2</td><td>Sept. Dec. 1 1</td><td>91 182</td><td>1,820 996</td><td>1,101 500</td><td>3.184 3.495</td><td>100</td></tr><tr><td>1961-Jan. 19</td><td>1961-Apr. July 20 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. July 27 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 Aug. 4 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 Sept. 29 28</td><td>91 182</td><td>1,924 1,046</td><td>1,100 500</td><td>2.392 2.576</td><td>99</td></tr><tr><td>Apr. 6</td><td>July Oct. 6 5</td><td>91 182</td><td>1,916 1,043</td><td>1,100 500</td><td>2.470 2.658</td><td>99</td></tr><tr><td>Apr. 13</td><td>July Oct. 13 13</td><td>91 183</td><td>2,000 1,118</td><td>1,101 500</td><td>2.361 2.556</td><td>100</td></tr><tr><td>May 4</td><td>Aug. Nov. 3 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. Nov. 10 9</td><td>91 182</td><td>1,877 1,115</td><td>1,101 500</td><td>2.232 2.423</td><td>101</td></tr><tr><td>July 20</td><td>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. 19</td><td>Jan. Apr. 18 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. 26</td><td>Jan. Apr. 25 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><tr><td>1962-Feb. 1</td><td>May Aug. 3 2</td><td>91 182</td><td>2,213 1,334</td><td>1,201 600</td><td>2.706 2.939</td><td>101</td></tr><tr><td>Feb. 15</td><td>May Aug. 17 16</td><td>91 182</td><td>2,030 1,195</td><td>1,200 600</td><td>2.759 2.952</td><td>100</td></tr><tr><td>Feb. 23</td><td>May Aug. 24 23</td><td>90 181</td><td>2,424 1,284</td><td>1,202 601</td><td>2.849 3.031</td><td>102</td></tr><tr><td>Mar. 1</td><td>May Aug. 31 30</td><td>91 182</td><td>2,101 1,198</td><td>1,201 600</td><td>2.665 2.847</td><td>101</td></tr><tr><td>Mar. 8</td><td>June Sept. 7 6</td><td>91 182</td><td>1,914 1,106</td><td>1,200 601</td><td>2.721 2.883</td><td>103</td></tr><tr><td>Mar. 15</td><td>June Sept. 14 13</td><td>91 182</td><td>2,716 1,165</td><td>1,201 600</td><td>2.804 2.972</td><td>99</td></tr><tr><td>Mar. 22</td><td>June Sept. 21 20</td><td>91 182</td><td>2,162 1,182</td><td>1,201 600</td><td>2.689 2.854</td><td>96</td></tr><tr><td>Mar. 29</td><td>June Sept. 28 27</td><td>91 182</td><td>2,182 1,248</td><td>1,200 600</td><td>2.719 2.857</td><td>99</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
39
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">Number of days to maturity</th><th rowspan="2">Amount of bids tendered</th><th rowspan="2">Amount of bids accepted</th><th rowspan="2">Average rate on bids accepted 1/ (Percent)</th><th rowspan="2">New money increase, or decrease (-)</th></tr><tr><th>Issue date</th><th>Maturity date</th><th></th></tr><tr><td>1962-Apr. 5</td><td>1962-July Oct. 4</td><td>5</td><td>91 182</td><td>$2,225 1,217</td><td>$1,201 601</td><td>2.757 2.875</td><td>$100</td></tr><tr><td>Apr. 12</td><td>July Oct. 11</td><td>12</td><td>91 182</td><td>2,470 1,088</td><td>1,200 600</td><td>2.720 2.814</td><td>99</td></tr><tr><td>Apr. 19</td><td>July Oct. 18</td><td>19</td><td>91 182</td><td>2,237 1,241</td><td>1,201 600</td><td>2.723 2.825</td><td>99</td></tr><tr><td>Apr. 26</td><td>July Oct. 25</td><td>26</td><td>91 182</td><td>2,103 1,168</td><td>1,201 600</td><td>2.740 2.837</td><td>99</td></tr><tr><td>May 10</td><td>Aug. Nov. 8</td><td>9</td><td>91 182</td><td>2,524 1,352</td><td>1,204 602</td><td>2.719 2.816</td><td>105</td></tr><tr><td>May 24</td><td>Aug. Nov. 23</td><td>23</td><td>91 183</td><td>2,096 1,247</td><td>1,300 600</td><td>2.700 2.795</td><td>98</td></tr><tr><td>May 31</td><td>Aug. Nov. 29</td><td>30</td><td>91 182</td><td>2,330 1,339</td><td>1,301 601</td><td>2.656 2.743</td><td>102</td></tr><tr><td>June 7</td><td>Sept. Dec. 6</td><td>6</td><td>91 182</td><td>2,302 1,557</td><td>1,301 702</td><td>2.691 2.787</td><td>202</td></tr><tr><td>June 14</td><td>Sept. Dec. 13</td><td>13</td><td>91 182</td><td>2,200 1,568</td><td>1,300 700</td><td>2.671 2.758</td><td>199</td></tr><tr><td>June 21</td><td>Sept. Dec. 20</td><td>20</td><td>91 182</td><td>2,594 1,186</td><td>1,301 701</td><td>2.721 2.800</td><td>199</td></tr><tr><td>June 28</td><td>Sept. Dec. 27</td><td>27</td><td>91 182</td><td>2,257 1,338</td><td>1,300 700</td><td>2.732 2.872</td><td>200</td></tr><tr><td>July 5</td><td>1963-Jan. 4</td><td>3</td><td>91 182</td><td>2,212 1,202</td><td>1,301 700</td><td>2.930 3.008</td><td>200</td></tr><tr><td>July 12</td><td>1963-Jan. 10</td><td>10</td><td>91 182</td><td>2,365 1,126</td><td>1,301 700</td><td>2.974 3.096</td><td>201</td></tr><tr><td>July 19</td><td>1963-Jan. 17</td><td>17</td><td>91 182</td><td>2,454 1,068</td><td>1,302 700</td><td>2.983 3.133</td><td>201</td></tr><tr><td>July 26</td><td>1963-Jan. 24</td><td>24</td><td>91 182</td><td>2,127 1,362</td><td>1,298 703</td><td>2.892 3.103</td><td>200</td></tr><tr><td>Aug. 2</td><td>1963-Nov. 1</td><td>1</td><td>91 182</td><td>2,161 1,576</td><td>1,301 700</td><td>2.874 3.075</td><td>199</td></tr><tr><td>Aug. 9</td><td>1963-Nov. 7</td><td>8</td><td>91 182</td><td>1,972 1,203</td><td>1,301 700</td><td>2.801 2.990</td><td>197</td></tr><tr><td>Aug. 16</td><td>1963-Feb. 14</td><td>14</td><td>91 182</td><td>2,078 1,766</td><td>1,301 704</td><td>2.867 3.060</td><td>204</td></tr><tr><td>Aug. 23</td><td>1963-Feb. 21</td><td>21</td><td>92 182</td><td>2,003 1,651</td><td>1,301 700</td><td>2.837 2.984</td><td>99</td></tr><tr><td>Aug. 30</td><td>1963-Feb. 28</td><td>28</td><td>91 182</td><td>2,248 1,259</td><td>1,301 700</td><td>2.805 2.916</td><td>100</td></tr><tr><td>Sept. 6</td><td>1963-Dec. 7</td><td>7</td><td>91 182</td><td>2,054 1,332</td><td>1,301 700</td><td>2.834 2.977</td><td>100</td></tr><tr><td>Sept. 13</td><td>1963-Dec. 14</td><td>13</td><td>91 182</td><td>2,377 1,291</td><td>1,301 701</td><td>2.789 2.911</td><td>101</td></tr><tr><td>Sept. 20</td><td>1963-Dec. 21</td><td>20</td><td>91 182</td><td>2,265 1,375</td><td>1,301 700</td><td>2.796 2.962</td><td>101</td></tr><tr><td>Sept. 27</td><td>1963-Dec. 28</td><td>27</td><td>91 182</td><td>2,150 1,777</td><td>1,300 700</td><td>2.749 2.938</td><td>100</td></tr><tr><td>Oct. 4</td><td>1963-Jan. 3</td><td>3</td><td>91 182</td><td>2,011 1,505</td><td>1,300 701</td><td>2.752 2.902</td><td>100</td></tr><tr><td>Oct. 11</td><td>Jan. Apr. 10</td><td>10</td><td>91 182</td><td>2,136 1,631</td><td>1,301 701</td><td>2.760 2.864</td><td>100</td></tr><tr><td>Oct. 18p</td><td>Jan. Apr. 17</td><td>17</td><td>91 182</td><td>2,225 1,436</td><td>1,300 700</td><td>2.749 2.843</td><td>98</td></tr><tr><td>Oct. 25p</td><td>Jan. Apr. 24</td><td>24</td><td>91 182</td><td>2,133 1,394</td><td>1,301 700</td><td>2.742 2.828</td><td>102</td></tr><tr><td>Nov. 1p</td><td>Jan. May 2</td><td>2</td><td>91 182</td><td>2,207 1,373</td><td>1,301 701</td><td>2.686 2.775</td><td>101</td></tr><tr><td>Nov. 8p</td><td>Feb. May 9</td><td>7</td><td>91 182</td><td>2,249 1,761</td><td>1,301 702</td><td>2.841 2.927</td><td>101</td></tr><tr><td>Nov. 15p</td><td>Feb. May 16</td><td>14</td><td>91 182</td><td>2,325 1,436</td><td>1,302 701</td><td>2.801 2.846</td><td>103</td></tr><tr><td>Nov. 23p</td><td>Feb. May 21</td><td>21</td><td>90 181</td><td>2,409 1,274</td><td>1,300 800</td><td>2.833 2.892</td><td>199</td></tr><tr><td>Nov. 29p</td><td>Feb. May 28</td><td>28</td><td>91 183</td><td>2,042 1,528</td><td>1,300 801</td><td>2.853 2.936</td><td>199</td></tr></table>
Source: See Table 2. Information in Table 3 covers bill offerings January 2, 1953, through November 30, 1962. 1/ Equivalent average rate on bank discount basis.
2/ Beginning March 12, 1959, the 13-week bills represent additional issues of bills with an original maturity of 26 weeks. p Preliminary.
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Data 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 3/ Exchange</th><th>Amount issued For cash 3/ In exchange 4/</th><th>Allotment ratio</th></tr><tr><td>2/2/53</td><td>2/15/53 2/15/53</td><td>2-1/4% Certificate - 2-1/2% Bond</td><td>2/15/54-A 12/15/58</td><td>ly 10m</td><td>8,114 620</td><td>8,114 620</td><td>100</td></tr><tr><td>5/</td><td>4/1/53</td><td>1-1/2% Note</td><td>4/1/58-EA</td><td>5y</td><td>383</td><td>383</td><td>100</td></tr><tr><td>4/13/53</td><td>5/1/53</td><td>3-1/4% Bond</td><td>6/15/78-B3</td><td>30y 12m</td><td>5,250 418 6/</td><td>1,188 418 6/</td><td>7/</td></tr><tr><td>5/20/53</td><td>6/1/53</td><td>2-5/8% Certificate</td><td>6/1/54-B</td><td>ly</td><td>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</td><td>9/18/53 - Tax ant. 8/ (At auction)</td><td>107d</td><td>1,676</td><td>800</td><td></td></tr><tr><td>7/6/53</td><td>7/15/53</td><td>2-1/2% Certificate</td><td>3/22/54-C - Tax ant. 9/</td><td>8m</td><td>8,687</td><td>5,902</td><td>10/</td></tr><tr><td>8/5/53</td><td>8/15/53</td><td>2-5/8% Certificate</td><td>8/15/54-D</td><td>ly</td><td>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 2-7/8% Note</td><td>9/15/54-E 3/15/57-A</td><td>ly 3y 6m</td><td>4,724 2,997</td><td>4,724 2,997</td><td>100</td></tr><tr><td>2/</td><td>10/1/53</td><td>1-1/2% Note</td><td>10/1/58-B0</td><td>5y</td><td>121</td><td>121</td><td>100</td></tr><tr><td>10/28/53</td><td>11/9/53</td><td>2-3/4% Bond</td><td>9/15/61</td><td>7y 10m</td><td>12,543</td><td>2,239</td><td>11/</td></tr><tr><td>11/18/53</td><td>12/1/53 2/15/53</td><td>1-7/8% Note 2-1/2% Bond</td><td>12/15/54-B 12/15/58 - Reopening</td><td>ly 12m 5y 12m</td><td>8,175 1,748</td><td>8,175 1,748</td><td>100</td></tr><tr><td>2/1/54</td><td>2/15/54 2/15/54</td><td>1-5/8% Certificate 2-1/2% Bond</td><td>2/15/55-A 11/15/61</td><td>ly 7y 9m</td><td>7,007 11,177</td><td>7,007 11,177</td><td>100</td></tr><tr><td>3/16/54</td><td>3/22/54</td><td>.956% Bill</td><td>6/24/54 - Tax ant. 8/ (At auction)</td><td>94d</td><td>2,717</td><td>1,501</td><td></td></tr><tr><td>4/21/54</td><td>4/27/54</td><td>.726% Bill</td><td>6/18/54 - Tax ant. 8/ (At auction)</td><td>52d</td><td>2,987</td><td>1,001</td><td></td></tr><tr><td>5/</td><td>4/1/54 5/17/54</td><td>1-1/2% Note 1-7/8% Note</td><td>4/1/59-EA 2/15/59-A</td><td>5y 4y 9m</td><td>119 9,750</td><td>119 2,205</td><td>100 12/</td></tr><tr><td>5/4/54</td><td></td><td>"</td><td>"</td><td>"</td><td></td><td></td><td></td></tr><tr><td>5/5/54</td><td>5/17/54</td><td>1-1/8% Certificate</td><td>5/17/55-B</td><td>ly</td><td>2,897</td><td>2,897</td><td>100</td></tr><tr><td>7/21/54</td><td>8/2/54 8/15/54 8/15/54</td><td>1% Certificate 1-1/8% Certificate 2-1/8% Bond</td><td>3/22/55-C - Tax ant. 9/ 8/15/55-D 11/15/60</td><td>71m 1y 6y 3m</td><td>3,886 9,250</td><td>3,734</td><td>13/</td></tr><tr><td>8/3/54</td><td>10/4/54</td><td>1-5/8% Note</td><td>5/15/57-B</td><td>2y 73m</td><td>3,190</td><td>4,155</td><td>14/</td></tr><tr><td>9/23/54</td><td>10/1/54</td><td>1-1/2% Note</td><td>10/1/59-B0</td><td>5y</td><td>99</td><td>99</td><td>100</td></tr><tr><td>11/22/54</td><td>8/15/54 12/15/54 12/15/54</td><td>1-1/8% Certificate 1-1/4% Certificate 2-1/2% Bond</td><td>8/15/55-D - Reopening 12/15/55-E 8/15/63</td><td>8m ly 8y 8m</td><td>4,919 5,359 6,755</td><td>4,919 5,359 6,755</td><td>100</td></tr><tr><td>2/1/55</td><td>2/15/55 2/15/55 2/15/55</td><td>1-5/8% Note 2% Note 3% Bond</td><td>3/15/56-A 8/13/57-C 2/15/95</td><td>1y 2y 6m 40y</td><td>8,472 3,792 1,924</td><td>8,472 3,792 1,924</td><td>100</td></tr><tr><td>3/22/55</td><td>4/1/55</td><td>1-3/8% Certificate</td><td>6/22/55-F - Tax ant. 9/</td><td>21m</td><td>7,938</td><td>3,210</td><td>13/</td></tr><tr><td>5/</td><td>4/1/55 5/17/55</td><td>1-1/2% Note 2% Note</td><td>4/1/60-EA 8/15/56-B</td><td>5y 1y 3m</td><td>198 3,174</td><td>198 3,174</td><td>100 12/</td></tr><tr><td>7/8/55</td><td>7/18/55</td><td>1-7/8% Certificate</td><td>3/22/56-A - Tax ant. 9/</td><td>8m</td><td>10,620</td><td>2,202</td><td>16/</td></tr><tr><td>7/11/55</td><td>2/15/55</td><td>3% Bond</td><td>2/15/95 - Reopening</td><td>39y 7m</td><td>1,720</td><td>821</td><td>17/</td></tr><tr><td>7/20/55</td><td>5/17/55 5/17/55</td><td>2% Certificate 2% Note</td><td>6/22/56-B - Tax ant. 2/ 8/15/56-B - Reopening</td><td>101m ly</td><td>1,486 6,841</td><td>1,486 6,841</td><td>100</td></tr><tr><td>10/3/55</td><td>10/11/55</td><td>2-1/4% Certificate</td><td>6/22/56-C - Tax ant. 9/</td><td>8m</td><td>8,778</td><td>2,970</td><td>18/</td></tr><tr><td>2/</td><td>10/1/55 12/1/55</td><td>1-1/2% Note 2-5/8% Certificate</td><td>10/1/60-B0 12/1/56-D</td><td>5y 1y</td><td>278 9,083</td><td>278 9,083</td><td>100</td></tr><tr><td>11/28/55</td><td>12/1/55 12/15/55</td><td>2-7/8% Note 2.465% Bill</td><td>6/15/58-A 3/23/56 - Tax ant. 8/ (At auction)</td><td>2y 6m 99d</td><td>2,283 4,130</td><td>2,283 1,501</td><td></td></tr><tr><td>22/8/55</td><td>12/15/55</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/5/56</td><td>3/5/56 12/1/56</td><td>2-5/8% Certificate 2-7/8% Note</td><td>2/15/57-A 6/15/58-A - Reopening</td><td>111m 2y 3m</td><td>7,219 2,109</td><td>7,219 2,109</td><td>100</td></tr><tr><td>5/</td><td>4/1/56</td><td>1-1/2% Note</td><td>4/1/61-EA</td><td>5y</td><td>144</td><td>144</td><td>100</td></tr><tr><td>7/16/56</td><td>7/16/56</td><td>2-3/4% Note</td><td>8/1/57-D</td><td>ly 1m</td><td>12,056</td><td>12,056</td><td>100</td></tr><tr><td>8/6/56</td><td>8/15/56</td><td>2-3/4% Certificate</td><td>3/22/57-B - Tax ant. 2/</td><td>7m</td><td>10,613</td><td>3,221</td><td>19/</td></tr><tr><td>5/</td><td>10/1/56</td><td>1-1/2% Note</td><td>10/1/61-B0</td><td>5y</td><td>332</td><td>332</td><td>100</td></tr><tr><td>10/10/56</td><td>10/17/56</td><td>2.627% Bill</td><td>1/16/57 - At auction</td><td>91d</td><td>4,761</td><td>1,603</td><td></td></tr><tr><td>11/13/56</td><td>11/16/56</td><td>2.617% Bill</td><td>2/19/57 - At auction</td><td>91d</td><td>4,637</td><td>1,750</td><td></td></tr><tr><td>11/19/56</td><td>12/1/56 12/1/56</td><td>3-1/4% Certificate 3-1/4% Certificate</td><td>6/24/57-C - Tax ant. 2/ 10/1/57-D</td><td>61m 10m</td><td>1,312 7,271</td><td>1,312 7,271</td><td>100</td></tr><tr><td>12/12/56</td><td>12/17/56</td><td>2.58% Bill</td><td>3/22/57 - Tax ant. 8/ (At auction)</td><td>95d</td><td>3,786</td><td>1,006</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
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</th><th>Period to final maturity (years, months, days)</th><th>Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th>Allo-ment ratio</th></tr><tr><th></th><th></th><th>1/</th><th></th><th>2/</th><th>Cash 2/</th><th>Exchange</th><th>For cash 3/</th><th>In exchange 4/</th><th></th></tr><tr><td>1/11/57</td><td>1/16/57</td><td>3.305% Bill</td><td>-</td><td>6/24/57 - Tax ant. 8/ (At auction)</td><td>159d</td><td>2,414</td><td>-</td><td>1,601 20/</td><td>-</td><td rowspan="2">100</td></tr><tr><td>2/4/57</td><td>2/15/57 2/15/57</td><td>3-1/8% Certificate 3-1/2% Note</td><td>-</td><td>2/14/58-A 5/15/60-A</td><td>1y 3y 3m</td><td>-</td><td>8,414 1,464</td><td>-</td><td>8,414 1,464</td></tr><tr><td>2/7/57</td><td>2/15/57</td><td>3.231% Bill</td><td>-</td><td>6/24/57 - Tax ant. 8/ (At auction)</td><td>129d</td><td>2,302</td><td>-</td><td>1,750 20/</td><td>-</td><td></td></tr><tr><td>3/18/57</td><td>2/15/57 2/15/57</td><td>3-3/8% Certificate 3-1/2% Note</td><td>-</td><td>2/14/58-A - Reopening 5/15/60-A - Reopening</td><td>10lm 3y 1m</td><td>7,489 5,868</td><td>-</td><td>2,437 942</td><td>-</td><td>21/</td></tr><tr><td>5/1/57</td><td>4/1/57</td><td>1-1/2% Note</td><td>-</td><td>4/1/62-EA</td><td>5y</td><td>-</td><td>551</td><td>-</td><td>551</td><td>100</td></tr><tr><td>5/6/57</td><td>5/1/57</td><td>3-1/2% Certificate</td><td>-</td><td>4/15/58-B</td><td>11lm</td><td>-</td><td>2,351</td><td>-</td><td>2,351</td><td>100</td></tr><tr><td>5/22/57</td><td>5/27/57</td><td>2.825% Bill</td><td>-</td><td>9/23/57 - Tax ant. 8/ (At auction)</td><td>119d</td><td>3,689</td><td>-</td><td>1,501</td><td>-</td><td></td></tr><tr><td>6/26/57</td><td>7/3/57</td><td>3.485% Bill</td><td>-</td><td>3/24/58 - Tax ant. 8/ (At auction)</td><td>264d</td><td>4,547</td><td>-</td><td>3,002</td><td>-</td><td></td></tr><tr><td>7/22/57</td><td>8/1/57 8/1/57</td><td>3-5/8% Certificate 4% Certificate 4% Note</td><td>-</td><td>12/1/57-E 8/1/58-C 8/1/61-A 22/</td><td>4m 1y 4y</td><td>-</td><td>9,871 10,487 2,509</td><td>100 100 100</td><td>9,871 10,487 2,509</td><td>100 23/</td></tr><tr><td>8/14/57</td><td>8/21/57</td><td>4.173% Bill</td><td>-</td><td>4/15/58 - At auction</td><td>237d</td><td>3,178</td><td>-</td><td>1,751</td><td>-</td><td></td></tr><tr><td>9/16/57</td><td>8/26/57 9/26/57</td><td>4% Certificate 4% Note</td><td>-</td><td>8/1/58-C - Reopening 8/15/62-B 24/</td><td>10m 11m 12y</td><td>3,067 6,121 4,648</td><td>-</td><td>933 2,000 657</td><td>-</td><td>25/ 26/</td></tr><tr><td>5/</td><td>10/1/57</td><td>1-1/2% Note</td><td>-</td><td>10/1/62-BO</td><td>5y</td><td>-</td><td>590</td><td>-</td><td>590</td><td>100</td></tr><tr><td>11/20/57</td><td>11/29/57 12/12/57</td><td>3-3/4% Note 3-7/8% Bond</td><td>-</td><td>11/15/62-C 11/15/74</td><td>4y 11lm 16y 11lm</td><td>7,786 3,817</td><td>-</td><td>1,143 654</td><td>-</td><td>27/ 28/</td></tr><tr><td>11/21/57</td><td>12/1/57</td><td>3-3/4% Certificate</td><td>-</td><td>12/1/58-D</td><td>1y</td><td>-</td><td>9,833</td><td>-</td><td>9,833</td><td>100</td></tr><tr><td>2/3/58</td><td>2/14/58 2/14/58</td><td>2-1/2% Certificate 3% Bond</td><td>-</td><td>2/14/59-A 2/15/64</td><td>1y 6y 32y</td><td>-</td><td>9,770 3,854 1,727</td><td>-</td><td>9,770 3,854 1,727</td><td>100</td></tr><tr><td>2/28/58</td><td>2/28/58</td><td>3% Bond</td><td>-</td><td>8/15/66</td><td>8y 52m</td><td>6,725</td><td>-</td><td>1,484</td><td>-</td><td>29/</td></tr><tr><td>4/7/58</td><td>4/1/58 4/15/58</td><td>1-1/2% Note 2-5/8% Note</td><td>-</td><td>4/1/63-EA 2/15/63-A</td><td>5y 4y 10m</td><td>-</td><td>533</td><td>-</td><td>533</td><td>100</td></tr><tr><td>6/3/58</td><td>6/3/58</td><td>3-1/4% Bond</td><td>-</td><td>5/15/85 - Issued at 100%</td><td>26y 11m</td><td>2,570</td><td>-</td><td>1,135</td><td>-</td><td>21/</td></tr><tr><td>6/4/58</td><td>6/15/58</td><td>1-1/4% Certificate 2-5/8% Bond</td><td>-</td><td>5/15/59-B 2/15/65</td><td>11m 6y 8m</td><td>-</td><td>1,817 7,388</td><td>-</td><td>1,817 7,388</td><td>100</td></tr><tr><td>7/21/58</td><td>8/1/58</td><td>1-5/8% Certificate</td><td>-</td><td>8/1/59-C</td><td>1y</td><td>-</td><td>13,500</td><td>-</td><td>13,500</td><td>100</td></tr><tr><td>7/29/58</td><td>8/6/58</td><td>1-1/2% Certificate</td><td>-</td><td>3/24/59-D - Tax ant. 9/</td><td>8m</td><td>5,962</td><td>-</td><td>3,567</td><td>-</td><td>22/</td></tr><tr><td>9/29/58</td><td>10/1/58 10/8/58</td><td>1-1/2% Note 3.25% Bill</td><td>-</td><td>10/1/63-BO 5/15/59 - Special at fixed price</td><td>5y 219d</td><td>-</td><td>506</td><td>-</td><td>506</td><td>100</td></tr><tr><td>11/14/58</td><td>10/10/58 11/20/58</td><td>3-1/2% Note 2.999% Bill</td><td>-</td><td>11/15/59-B 6/22/59 - Tax ant. 8/ (At auction)</td><td>1y 1m 214d</td><td>2,686</td><td>-</td><td>1,184</td><td>-</td><td>23/</td></tr><tr><td>11/19/58</td><td>12/1/58 12/1/58</td><td>3-3/8% Certificate 3-5/8% Note</td><td>-</td><td>11/15/59-E - Issued at 99.95 5/15/61-B - Issued at 99-7/8</td><td>11lm 2y 53m</td><td>-</td><td>7,711 4,078</td><td>-</td><td>7,711 4,078</td><td>100</td></tr><tr><td>1/12/59</td><td>1/21/59 1/23/59</td><td>3-1/4% Note 4% Bond</td><td>-</td><td>5/15/60-B - Issued at 99-3/4 2/15/80 - Issued at 99.00</td><td>1y 4m 21y 1m</td><td>5,508 1,800</td><td>-</td><td>2,738 884</td><td>-</td><td>24/ 25/</td></tr><tr><td>2/2/59</td><td>2/15/59 2/15/59</td><td>3-3/4% Certificate 4% Note</td><td>-</td><td>2/15/60-A - Issued at 99.993 2/15/62-D - Issued at 99.993</td><td>1y 3y</td><td>-</td><td>11,363 1,435</td><td>-</td><td>11,363 1,435</td><td>100</td></tr><tr><td>2/11/59</td><td>2/16/59</td><td>3.293% Bill</td><td>-</td><td>9/21/59 - Tax ant. 8/ (At auction)</td><td>217d</td><td>2,984</td><td>-</td><td>1,502</td><td>-</td><td></td></tr><tr><td>3/23/59</td><td>4/1/59 4/1/59</td><td>4% Note 1-1/2% Note</td><td>-</td><td>5/15/63-B 10/1/69 - Reopening 4/1/64-EA</td><td>4y 13m 10y 6m 5y</td><td>3,052 1,902</td><td>-</td><td>1,743 619</td><td>-</td><td>26/ 27/</td></tr><tr><td>3/26/59</td><td>4/1/59</td><td>3.386% Bill</td><td>-</td><td>1/15/60 - At auction</td><td>289d</td><td>3,445</td><td>-</td><td>2,006</td><td>-</td><td>100</td></tr><tr><td>5/6/59</td><td>5/11/59</td><td>3.835% Bill</td><td>-</td><td>4/15/60 - At auction</td><td>340d</td><td>3,461</td><td>-</td><td>2,003</td><td>-</td><td></td></tr><tr><td>5/7/59</td><td>5/15/59</td><td>3.565% Bill</td><td>-</td><td>12/22/59 - Tax ant. 8/ (At auction)</td><td>221d</td><td>1,699</td><td>-</td><td>1,500</td><td>-</td><td></td></tr><tr><td>5/11/59</td><td>5/15/59</td><td>4% Certificate</td><td>-</td><td>5/15/60-B - Issued at 99.95</td><td>1y</td><td>-</td><td>1,269</td><td>-</td><td>1,269</td><td>100</td></tr></table>
Footnotes at end of table.
(Continued on following page)
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 tendera received</th><th>Date of issue</th><th colspan="2">Description of security</th><th>Period to final maturity (years, months, days)</th><th>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>7/1/59</td><td>7/8/59</td><td>4.075% Bill</td><td>-</td><td>3/22/60 - Tax ant. 8/ (At auction)</td><td>258d</td><td>4,299</td><td>-</td><td>3,005</td><td>-</td><td>(In millions of dollars)</td></tr><tr><td>7/8/59</td><td>7/15/59</td><td>4.728% Bill</td><td>-</td><td>7/15/60 - At auction</td><td>366d</td><td>3,173</td><td>-</td><td>2,001</td><td>-</td><td></td></tr><tr><td>7/20/59</td><td>7/20/59</td><td>4-3/4% Note</td><td>-</td><td>5/15/64-A</td><td>4y 10m</td><td>-</td><td>4,184</td><td>-</td><td>4,184</td><td>100</td></tr><tr><td></td><td>8/1/59</td><td>4-3/4% Note</td><td>-</td><td>8/15/60-C</td><td>12d</td><td>-</td><td>9,561</td><td>-</td><td>9,561</td><td></td></tr><tr><td>8/13/59</td><td>7/8/59</td><td>3.719% Bill</td><td>-</td><td>3/22/60 - Tax ant. 8/</td><td>216d</td><td>3,216</td><td>-</td><td>999</td><td>-</td><td></td></tr><tr><td>5/</td><td>10/1/59</td><td>1-1/2% Note</td><td>-</td><td>10/1/64-BO (Reopening)</td><td>5y</td><td>-</td><td>490</td><td>-</td><td>490</td><td>100</td></tr><tr><td>10/6/59</td><td>10/15/59</td><td>5% Note</td><td>-</td><td>8/15/64-B</td><td>4y 10m</td><td>11,125</td><td>-</td><td>2,316</td><td>-</td><td>18/</td></tr><tr><td>10/14/59</td><td>10/21/59</td><td>4.783% Bill</td><td>-</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</td><td>4-3/4% Certificate</td><td>-</td><td>11/15/60-C</td><td>1y</td><td>-</td><td>7,037</td><td>-</td><td>7,037</td><td>100</td></tr><tr><td></td><td>11/15/59</td><td>4-7/8% Note</td><td>-</td><td>11/15/63-C</td><td>4y</td><td>-</td><td>3,011</td><td>-</td><td>3,011</td><td></td></tr><tr><td>11/23/59</td><td>7/20/59</td><td>4-3/4% Note</td><td>-</td><td>5/15/64-A - Reopening at 99-3/4</td><td>4y 6m</td><td>-</td><td>749 29/</td><td>-</td><td>749 29/</td><td>100</td></tr><tr><td>11/24/59</td><td>12/2/59</td><td>4.860% Bill</td><td>-</td><td>10/17/60 - At auction</td><td>320d</td><td>3,965</td><td>-</td><td>2,007</td><td>-</td><td></td></tr><tr><td>1/5/60</td><td>10/21/59</td><td>4.726% Bill</td><td>-</td><td>6/22/60 - Tax ant. 8/ (Reopening)</td><td>166d</td><td>4,085</td><td>-</td><td>2,016</td><td>-</td><td></td></tr><tr><td>1/12/60</td><td>1/15/60</td><td>5.067% Bill</td><td>-</td><td>1/15/61 - At auction</td><td>1y</td><td>2,303</td><td>-</td><td>1,504 40/</td><td>-</td><td></td></tr><tr><td>2/1/60</td><td>2/15/60</td><td>4-7/8% Certificate</td><td>-</td><td>2/15/61-A</td><td>1y</td><td>-</td><td>6,938</td><td>-</td><td>6,938</td><td>100</td></tr><tr><td>5/</td><td>2/15/60</td><td>4-7/8% Note</td><td>-</td><td>11/15/64-C - Issued at 99.75</td><td>4y 9m</td><td>-</td><td>4,195</td><td>-</td><td>4,195</td><td></td></tr><tr><td>4/4/60</td><td>4/1/60</td><td>1-1/2% Note</td><td>-</td><td>4/1/65-BA</td><td>5y</td><td>-</td><td>466</td><td>-</td><td>466</td><td>100</td></tr><tr><td></td><td>4/14/60</td><td>4-1/4% Bond</td><td>-</td><td>5/15/75-85</td><td>25y 14m</td><td>370</td><td>-</td><td>470</td><td>-</td><td>100 41/</td></tr><tr><td>4/12/60</td><td>4/14/60</td><td>4% Note</td><td>-</td><td>5/15/62-E</td><td>2y 1m</td><td>6,715</td><td>-</td><td>2,211</td><td>-</td><td>42/</td></tr><tr><td>5/2/60</td><td>4/15/60</td><td>4.608% Bill</td><td>-</td><td>4/15/61 - At auction</td><td>1y</td><td>2,001</td><td>-</td><td>2,001 40/</td><td>-</td><td></td></tr><tr><td>6/8/60</td><td>5/15/60</td><td>4-3/8% Certificate</td><td>-</td><td>5/15/61-B</td><td>1y</td><td>-</td><td>3,674</td><td>-</td><td>3,674</td><td>100</td></tr><tr><td></td><td>5/15/60</td><td>4-5/8% Note</td><td>-</td><td>5/15/65-A</td><td>5y</td><td>-</td><td>2,113</td><td>-</td><td>2,113</td><td></td></tr><tr><td>6/8/60</td><td>6/23/60</td><td>3-3/4% Note</td><td>-</td><td>5/15/64-D</td><td>3y 11m</td><td>-</td><td>4,566</td><td>-</td><td>3,893</td><td>53/</td></tr><tr><td>7/6/60</td><td>6/23/60</td><td>3-7/8% Bond</td><td>-</td><td>5/15/68</td><td>7y 11m</td><td>-</td><td>320</td><td>-</td><td>320</td><td>100</td></tr><tr><td>7/12/60</td><td>7/13/60</td><td>2.823% Bill</td><td>-</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>7/15/60</td><td>7/15/60</td><td>3.265% Bill</td><td>-</td><td>7/15/61 - At auction</td><td>1y</td><td>3,036</td><td>-</td><td>1,501 40/</td><td>-</td><td></td></tr><tr><td>8/1/60</td><td>8/15/60</td><td>3-1/8% Certificate</td><td>-</td><td>8/1/61-C</td><td>111m</td><td>17,389 44/</td><td>-</td><td>2,078 42/</td><td>5,751</td><td>47/ 48/</td></tr><tr><td>2/</td><td>6/23/60</td><td>3-7/8% Bond</td><td>-</td><td>5/15/68 - Reopening</td><td>7y 9m</td><td>5,183</td><td>-</td><td>1,042</td><td>28/</td><td>46/</td></tr><tr><td>9/12/60</td><td>10/1/60</td><td>1-1/2% Note</td><td>-</td><td>10/1/65-BO</td><td>5y</td><td>-</td><td>315</td><td>-</td><td>315</td><td></td></tr><tr><td></td><td>10/3/60</td><td>3-1/2% Bond</td><td>-</td><td>11/15/80</td><td>20y 14m</td><td>-</td><td>643</td><td>-</td><td>643</td><td></td></tr><tr><td>9/12/60</td><td>2/14/58</td><td>3-1/2% Bond</td><td>-</td><td>2/15/90 - Reopening</td><td>29y 41m</td><td>-</td><td>993</td><td>-</td><td>993</td><td>100 49/</td></tr><tr><td>10/11/60</td><td>10/3/60</td><td>3-1/2% Bond</td><td>-</td><td>11/15/98</td><td>38y 14m</td><td>-</td><td>2,343</td><td>-</td><td>2,343</td><td></td></tr><tr><td>10/18/60</td><td>10/17/60</td><td>3.131% Bill</td><td>-</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></td><td>10/21/60</td><td>2.788% Bill</td><td>-</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</td><td>3-1/4% Note</td><td>-</td><td>2/15/62-F</td><td>1y 3m</td><td>-</td><td>9,098</td><td>-</td><td>9,098</td><td>100</td></tr><tr><td>11/21/60</td><td>11/15/60</td><td>3-3/4% Bond</td><td>-</td><td>5/15/66</td><td>5y 6m</td><td>-</td><td>1,213</td><td>-</td><td>1,213</td><td></td></tr><tr><td>1/11/61</td><td>10/1/57</td><td>4% Bond</td><td>-</td><td>10/1/69 - Reopening at 100%</td><td>8y 91m</td><td>-</td><td>148 20/</td><td>-</td><td>148 20/</td><td>100</td></tr><tr><td>2/6/61</td><td>1/15/61</td><td>2.679% Bill</td><td>-</td><td>1/15/62 - At auction</td><td>1y</td><td>3,078</td><td>-</td><td>1,502 40/</td><td>-</td><td></td></tr><tr><td>3/20/61</td><td>2/15/61</td><td>3-1/4% Note</td><td>-</td><td>8/15/62-G</td><td>1y 6m</td><td>18,980 21/</td><td>-</td><td>3,655</td><td>-</td><td>53/</td></tr><tr><td>3/28/61</td><td>3/15/61</td><td>3-3/8% Bond</td><td>-</td><td>11/15/66</td><td>5y 8m</td><td>-</td><td>2,438</td><td>-</td><td>2,438</td><td>100 54/</td></tr><tr><td>3/28/61</td><td>3/15/61</td><td>3-5/8% Bond</td><td>-</td><td>11/15/67</td><td>6y 8m</td><td>-</td><td>3,604</td><td>-</td><td>3,604</td><td></td></tr><tr><td>3/28/61</td><td>4/1/61</td><td>1-1/2% Note</td><td>-</td><td>4/1/66-BA</td><td>5y</td><td>-</td><td>675</td><td>-</td><td>675</td><td></td></tr><tr><td>4/12/61</td><td>4/13/61</td><td>2.473% Bill</td><td>-</td><td>9/22/61 - Tax ant. 8/ (At auction)</td><td>172d</td><td>3,897</td><td>-</td><td>1,503</td><td>-</td><td></td></tr><tr><td>5/1/61</td><td>4/15/61</td><td>2.827% Bill</td><td>-</td><td>4/15/62 - At auction</td><td>1y</td><td>4,116</td><td>-</td><td>2,000 40/</td><td>-</td><td></td></tr><tr><td>6/8/61</td><td>5/15/61</td><td>3% Certificate</td><td>-</td><td>5/15/62-A</td><td>1y</td><td>13,819</td><td>25/</td><td>3,728</td><td>1,781</td><td>56/ 27/</td></tr><tr><td>7/11/61</td><td>5/15/61</td><td>3-1/4% Note</td><td>-</td><td>5/15/63-D</td><td>2y</td><td>12,947</td><td>-</td><td>1,903</td><td>850/</td><td></td></tr><tr><td>7/17/61</td><td>6/14/61</td><td>2.308% Bill</td><td>-</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>7/20/61</td><td>7/15/61</td><td>2.908% Bill</td><td>-</td><td>7/15/62 - At auction</td><td>1y</td><td>4,174</td><td>-</td><td>2,004 40/</td><td>-</td><td></td></tr><tr><td></td><td>8/1/61</td><td>3-1/4% Note</td><td>-</td><td>11/15/62-II</td><td>1y 31m</td><td>-</td><td>6,082</td><td>-</td><td>6,082</td><td></td></tr><tr><td>7/17/61</td><td>8/1/61</td><td>3-3/4% Note</td><td>-</td><td>8/15/64-E</td><td>3y 1m</td><td>-</td><td>5,019</td><td>-</td><td>5,019</td><td>100</td></tr><tr><td></td><td>6/23/60</td><td>3-7/8% Bond</td><td>-</td><td>5/15/68 - Reopening Issued at 99.375</td><td>6y 93m</td><td>-</td><td>740</td><td>-</td><td>749</td><td></td></tr><tr><td>7/20/61</td><td>7/26/61</td><td>2.484% Bill</td><td>-</td><td>3/23/62 - Tax ant. 8/ (At auction)</td><td>240d</td><td>5,145</td><td>-</td><td>3,503</td><td>-</td><td></td></tr></table>
Footnotes on following page.
43
December 1962
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Date subscription books opened or bill tenders received</th><th>Date of issue</th><th colspan="2">Description of security 1/</th><th>Period to final maturity (years, months, days) 2/</th><th colspan="2">Amount of subscriptions tendered</th><th colspan="2">Amount issued</th><th>Allotment ratio</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Cash 3/</th><th>Exchange</th><th>For cash 3/</th><th>In exchange 4/</th><th></th></tr><tr><td>9/11/61</td><td>{ 10/3/60 2-1/4/58 10/3/60 3-1/2% Bond 3-1/2% Bond 3-1/2% Bond</td><td>-</td><td>11/15/80 - Reopening 2/15/90 - Reopening 11/15/98 - Reopening</td><td>19y 28y 37y</td><td>2m 5m 2m</td><td>- - -</td><td>1,273 1,298 1,187</td><td>- - -</td><td>100 59/</td></tr><tr><td>9/20/61</td><td>9/27/61 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><td></td></tr><tr><td>5/</td><td>10/1/61 5/15/61</td><td>1-1/2% Note</td><td>10/1/66-E0</td><td>5y</td><td>-</td><td>357</td><td>-</td><td>357</td><td>60/</td></tr><tr><td>10/2/61</td><td></td><td>3-1/4% Note</td><td>5/15/63-D - Reopening Issued at 99.875</td><td>1y 7m</td><td>5,687</td><td>-</td><td>2,295</td><td>-</td><td></td></tr><tr><td>10/10/61</td><td>10/16/61</td><td>2.975% Bill</td><td>10/15/62 - At auction</td><td>1y</td><td>3,756</td><td>-</td><td>2,003 40/</td><td>-</td><td></td></tr><tr><td>11/6/61</td><td>{ 11/15/61 11/15/60 12/2/57</td><td>3-1/4% Note 3-3/4% Bond 3-7/8% Bond</td><td>2/15/63-E - Reopening Issued at 99.75 11/15/74 - Reopening Issued at 99.00</td><td>1y 4y 13y</td><td>3m 6m -</td><td>3,642 2,384 517</td><td>- - -</td><td>3,642 2,384 517</td><td>100 62/</td></tr><tr><td>11/9/61</td><td>11/15/61</td><td>2.277% Bills</td><td>{ 12/7/61 "Strip" of 8 series 61/ (At auction) 1/25/62 - Reopening</td><td>46.5d (Average) 6y 5m</td><td>1,519</td><td>-</td><td>800</td><td>-</td><td></td></tr><tr><td>11/20/61</td><td>6/23/60</td><td>3-7/8% Bond</td><td>5/15/68 - Reopening Issued at 99.50</td><td>6y 5m</td><td>-</td><td>320 63/</td><td>-</td><td>320 63/</td><td>100</td></tr><tr><td>1/9/62</td><td>1/15/62</td><td>3.366% Bill</td><td>1/15/63 - At auction</td><td>1y</td><td>3,650</td><td>-</td><td>2,001 40/</td><td>-</td><td></td></tr><tr><td>1/15/62</td><td>10/1/57</td><td>4% Bond</td><td>10/1/69 - Reopening Issued at 99.75</td><td>7y 82m</td><td>1,619</td><td>-</td><td>1,114</td><td>-</td><td>64/</td></tr><tr><td>2/5/62</td><td>{ 2/15/62 2/15/62 3/1/62 1/23/59 2/14/58 2/14/58 10/3/60</td><td>3-1/2% Cert. 4% Note 4% Bond 4% Bond 3-1/2% Bond 3-1/2% Bond</td><td>2/15/63-A 8/15/66-A 8/15/71 2/15/80 - Reopening 2/15/90 - Reopening 11/15/98 - Reopening</td><td>4y 4y 9y 17y 27y 36y</td><td>6m 51m 11m 11m 82m -</td><td>- - - - - -</td><td>6,862 4,454 2,806 563 900 933</td><td>- - - - - -</td><td>100 62/</td></tr><tr><td>2/19/62</td><td></td><td>3-1/2% Bond</td><td></td><td></td><td></td><td></td><td></td><td></td><td>100 66/</td></tr><tr><td>3/20/62</td><td>3/23/62</td><td>2.896% Bill</td><td>9/21/62 - Tax ant. 8/ (At auction)</td><td>182d</td><td>3,593</td><td>-</td><td>1,802 67/</td><td>-</td><td></td></tr><tr><td>5/</td><td>4/1/62 4/18/62</td><td>1-1/2% Note 3-3/4% Bond</td><td>4/1/67-EA 8/15/68</td><td>5y 6y 4m</td><td>- 6,827</td><td>270</td><td>- 1,258</td><td>-</td><td>68/</td></tr><tr><td>4/9/62</td><td></td><td>2.943% Bill</td><td>4/15/63 - At auction</td><td>1y</td><td>3,454</td><td>-</td><td>2,001 40/</td><td>-</td><td></td></tr><tr><td>4/10/62</td><td>{ 5/15/62 5/15/62 5/15/62</td><td>3-1/4% Cert. 3-5/8% Note 3-7/8% Bond</td><td>5/15/63-B 2/15/66-B - Issued at 99.80 11/15/71 - Issued at 99.50</td><td>1y 3y 5y</td><td>9m 6m -</td><td>6,686 3,114 1,204</td><td>- - -</td><td>6,686 3,114 1,204</td><td>100 69/</td></tr><tr><td>4/30/62</td><td></td><td>3.257% Bill</td><td>7/15/63 - At auction</td><td>1y</td><td>3,719</td><td>-</td><td>2,004 40/</td><td>-</td><td></td></tr><tr><td>7/10/62</td><td>8/15/62 8/13/62 8/15/62</td><td>3-1/2% Cert. 4% Bond 4-1/4% Bond</td><td>8/15/63-C 2/15/69 8/15/87-92 - Issued at 101</td><td>6y 6y 30y</td><td>1y 6m 11m</td><td>20,155p 6,743p 315p</td><td>20/ 3,070p 1,836p 360p</td><td>3,782p 8p 5p</td><td>72/ 71/ 72/</td></tr><tr><td>7/30/62</td><td></td><td>3-3/4% Note</td><td>8/15/67-A 8/15/72</td><td>4y 9y</td><td>11m 11m</td><td>5,282p 2,579p</td><td>- -</td><td>5,282p 2,579p</td><td>100 75/</td></tr><tr><td>9/10/62</td><td>9/15/62 9/15/62</td><td>4% Bond</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>9/26/62</td><td>10/3/62</td><td>2.616% Bill</td><td>3/22/63 - Tax ant. 8/ (At auction)</td><td>170d</td><td>5,942</td><td>-</td><td>3,005</td><td>-</td><td></td></tr><tr><td>5/</td><td>10/1/62 10/15/62</td><td>1-1/2% Note 2.969% Bill</td><td>10/1/67-80 10/15/63 - At auction</td><td>5y 1y</td><td>- 4,535</td><td>13</td><td>- 2,500 40/</td><td>13</td><td></td></tr><tr><td>10/9/62</td><td>{ 11/15/62 11/15/62 11/15/62</td><td>3-1/8% Cert. 3-1/2% Note 4% Bond</td><td>11/15/63-D 11/15/65-B 2/15/72</td><td>1y 9y 3m</td><td>- - -</td><td>4,856p 2,286p 2,344p</td><td>- - -</td><td>4,856p 2,286p 2,344p</td><td>100 76/</td></tr><tr><td>10/29/62</td><td></td><td>2.866% Bill</td><td>{ 1/17/63 "Strip" of 10 series 77/ (At auction)</td><td>94.5d (Average)</td><td>2,410p</td><td>-</td><td>1,001p</td><td>-</td><td></td></tr><tr><td>11/7/62</td><td>11/15/62</td><td>3-7/8% Bond</td><td>11/15/71 - Reopenings 2/15/80 - Issued at 99.50</td><td>8y 17y 2m</td><td>- -</td><td>40p 34p</td><td>78/ 78/</td><td>40p 34p</td><td>100</td></tr><tr><td>11/19/62</td><td>{ 5/15/62 1/23/59</td><td>3-7/8% Bond 4% Bond</td><td></td><td></td><td></td><td></td><td></td><td></td><td></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.
V/ 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.
From date of additional issue in case of a reopening. Subscriptions shown are from the public, but amounts issued include allotments to Government investment accounts. For vesting securities exchanged for the new issues, see Table 6. Exchange of federal debt securities 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 November 30, 1962. Footnotes continued on following page.
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
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 certificates, acceptable at face value in payment of income and profits taxes due on the quarterly payment date immediately preceding maturity. 
9/ Tax anticipation certificate, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due on the quarterly payment date immediately preceding maturity. 
10/ Subscriptions for amounts up to and including $100,000 were allotted in full. Subscriptions for amounts over $100,000 were allotted 67 percent but in no case less than $100,000. 
11/ Subscriptions for amounts up to and including $10,000 were allotted in full. Subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments were allotted 24 percent. All others, including commercial banks, were allotted 16 percent but not less than $10,000 on any one subscription. 
12/ Subscriptions for amounts up to and including $10,000 were allotted in full. All other subscriptions were allotted 22 percent but in no case less than $10,000. 
13/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 40 percent but in no case less than $50,000. 
14/ Subscriptions for amounts up to and including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 50 percent but in no case less than $50,000. 
15/ Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no case less than $100,000. 
16/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case less than $100,000. 
17/ Subscriptions from savings-type investors totaled $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, 1957, and full payment by October 3, 1957. 
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, 1997, and February 15, 1997, respectively. 
21/ Subscriptions in excess of $100,000 were allotted 31 percent for the certificates and 12 percent for the notes. Subscriptions for $100,000 or less for both issues were allotted in full and subscriptions for more than $100,000 were allotted not less than $100,000. In addition, $100 million of the notes were allotted to Government investment accounts. 
22/ Notice of the election of the holder on August 1, 1999, on three months' advance notice. 
23/ In addition to the amounts issued in exchange, the Treasury allotted $100 million of each issue to Government investment accounts. 
24/ Redeemable at the option of the holder on February 15, 1960, on three months' advance notice. 
25/ Subscriptions in excess of $100,000 were allotted 22 percent for the certificates and 28 percent for the notes. Subscriptions for $100,000 or less for both issues were allotted in full, and subscriptions for more than $100,000 were allotted not less than $100,000. In addition, $100 million of each issue were allotted to Government investment accounts. 
26/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case less than $50,000. In addition, $100 million of the bonds were allotted to Government investment accounts. Payment of not more than 50 percent could be deferred until not later than October 21, 1957. 
27/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type investors and 12 percent to all other subscribers but in no case less than $10,000. In addition, $100 million of the notes were allotted to Government investment accounts. 
28/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
23/ 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.
24/ 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.
25/ 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.
26/ 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.
27/ 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 33 percent on notes but in no case less than the minimum. In addition, $100 million of the notes were allotted to Government investment accounts.
28/ 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.
29/ 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 entry. 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).
30/ 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.
31/ Subscriptions from savings-type investors totaled $240 million and were allotted 65 percent. Subscriptions from commercial banks for their own account totaled $94 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.
32/ 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 42 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 9 percent, but not less than $1,000 on any one subscription. In addition, $100 million of the notes were allotted to Government investment accounts.
33/ 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.
34/ 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.
35/ 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, $7.4 million of the notes were allotted to Government investment accounts.
36/ Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 95 percent but in no case less than $25,000. In addition, $71 million of the notes were allotted to Government investment accounts.
37/ Subscriptions were permitted to be made with payment in cash or in 4-3/4% Treasury notes maturing August 15, 1960 (see Table 6, footnote 22). In addition in order that holders of 3-5/8% Federal
December 1962
45
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
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.
Combined total includes $80 million allotted on subscriptions from holders of the Federal National Mortgage Association notes maturing August 23, 1960 (see footnote 44).
Consists of allotments on subscriptions from holders of Treasury notes maturing August 15, 1960.
Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, Government investment accounts, and the Federal Reserve Banks as provided in the offering circulars, totaled $6,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were allotted in full up to and including $25,000; all others were allotted 13 percent but in no case less than $25,000.
Subscriptions totaled $1,181 million from savings-type investors and $100 million from Government investment accounts; both were allotted 25 percent. Subscriptions from commercial banks for their own accounts totaled $2,708 million and were allotted 20 percent. Subscriptions from other institutions $1,190 million and were allotted 15 percent. Subscriptions for $5,000 or less were allotted in full; subscriptions for more than $5,000 were allotted not less than $5,000.
In addition to the amounts allotted to the public, there were allotted to Government investment accounts $131.3 million of the 3-1/2% bonds of 1980, $215.9 million of the 3-1/2% bonds of 1990, and $236.5 million of the 3-1/2% bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds issued in 1949, which mature in 1960, were offered in exchange the 4% bonds, with certain adjustments as of December 15, 1960, at a price of 100%. 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 $365,375.
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).
Consists of allotments on subscriptions from holders of certificates of indebtedness maturing February 15, 1961.
Subscriptions from States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, Government investment accounts and the Federal Reserve Banks, as provided in the offering circulars, 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.
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.
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).
Consists of allotments on subscriptions from holders of certificates of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $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.
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.
In addition to the amounts allotted to the public, there were allotted to the Federal Reserve Banks and Government investment accounts $4,804 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 for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case less than $100,000. In addition, $100 million of the notes were allotted to Government investment accounts.
61/ Sale of a "strip" of Treasury bills, consisting of an additional $100 million for cash or eight series of weekly Treasury bills maturing from December 7, 1961, to January 25, 1962.
62/ Includes $2 million allotted to Government investment accounts of the 3-1/4% notes, $4 million of the 3-3/4% bonds of 1966, and $136 million of the 3-1/4% bonds of 1974.
63/ Issued in 1950, which mature in 1962, were offered in exchange the 3-7/8% bonds with certain adjustments as of December 15, 1961, at a price of 99.50. 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 $309,000.
64/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case less than $50,000. In addition, $100 million of the bonds were allotted to Government investment accounts.
65/ Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2% certificates and $1,518 million of the 4% notes.
66/ In addition to the amounts allotted to the public, there were allotted to Government investment accounts $385 million of the 4% bonds of 1971, $77 million of the 4% bonds of 1980, $218 million of the 3-1/2% bonds of 1990, and $221 million of the 3-1/2% bonds of 1998.
67/ Issued for cash and in exchange for tax anticipation bills maturing March 23, 1962 (see Table 6, footnote 31).
68/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case less than $50,000. In addition, $100 million of the bonds were allotted to Government investment accounts.
69/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, $14 million of the 3-5/8% notes, and $64 million of the 3-7/8% bonds.
70/ Subscriptions were permitted to be made with payment in cash or in the 4% notes or 3-1/4% notes, both maturing August 15, 1962 (see Table 6, footnote 32).
71/ Consists of allotments on subscriptions from holders of Treasury bonds maturing August 15, 1962.
72/ Subscriptions from States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, Government investment accounts, and the Federal Reserve Banks totaled $4,760 million for the certificates and were allotted in full, in accordance with the offering circular. Subscriptions from all others totaled $15,395 million and were allotted 12-1/2 percent with subscriptions for $50,000 or less allotted in full and those for more than $50,000 allotted not less than $50,000.
72/ Subscriptions for the 4% bonds totaled $6,743 million and were allotted 22 percent with subscriptions for $100,000 or less allotted in full and those for more than $100,000 allotted not less than $100,000. In addition, $100 million of the bonds were allotted to Government investment accounts.
74/ All subscriptions for the 4-1/4% bonds were allotted in full. 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 October 15, 1962 (not less than 30 percent by August 15, 1962, the issue date; 60 percent by September 15, 1962; and full payment by October 15, 1962).
75/ In addition to the amounts allotted to the public, there were allotted to Government investment accounts $21 million of the 3-3/4% notes and $320 million of the 4% bonds.
76/ Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8% certificates, $1 million of the 3-1/2% notes, and $6 million of the 4% bonds.
77/ Sale of a "strip" of Treasury bills, consisting of an additional $100 million for cash of ten series of weekly Treasury bills maturing from January 17, 1963, to March 21, 1963.
78/ Holders of approximately $458 million of Series F and G savings bonds which mature in 1963 and 1964 were offered in exchange either the 3-7/8% bonds or the 4% bonds with certain adjustments as of December 15, 1962, at a price of 99.50. 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 $89,000 for the 3-7/8% bonds and about $99,000 for the 4% bonds.
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills
(In millions of dollars)
<table><tr><th>Date of financing</th><th>Description of security</th><th>For cash</th><th>In exchange for other securities</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Commercial banks 2/</th><th>Individuals 2/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 2/ Pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers</th><th>All other 5/</th></tr><tr><td>2/15/53</td><td>2-1/4% Cert. 2-1/2% Bond 12/15/58</td><td>-</td><td>8,114 620</td><td>3,698 3</td><td>2,279 444</td><td>187 6</td><td>150 9</td><td>55 20</td><td>2/ 2/</td><td>2/ 2/</td><td>230 13</td><td>152 100</td><td>1,361 87</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</td><td>131</td><td>261</td><td>98</td><td>99</td><td>7/ 7/</td><td>7/ 7/</td><td>75 12</td><td>158 162</td><td>265 874</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>287 98</td><td>19 113</td><td>13 77</td><td>7/ 7/</td><td>7/ 7/</td><td>366</td><td></td><td></td></tr><tr><td>6/3/53</td><td>2.383% Bill 9/18/53 3/</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 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>79 192</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 65</td></tr><tr><td>11/9/53</td><td>2-3/4% Bond 9/15/61</td><td>2,239</td><td>-</td><td>50</td><td>1,296</td><td>127</td><td>190</td><td>165</td><td>93</td><td>49</td><td>19</td><td>16</td><td>170 64</td></tr><tr><td>12/1/53</td><td>1-7/8% Note 12/15/54-B 2-1/2% Bond 12/15/58 2/</td><td>-</td><td>8,175 1,748</td><td>6,997 5</td><td>360 1,174</td><td>112 43</td><td>61</td><td>2</td><td>339 110</td><td>1</td><td>1</td><td>100 26</td><td>42 169 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>7</td><td>269 163</td><td>123 450 293</td></tr><tr><td>3/22/54</td><td>.956% Bill 6/24/54 8/</td><td>1,501</td><td>-</td><td>n.a.</td><td>428</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>4/27/54</td><td>.726% Bill 6/18/54 8/</td><td>1,001</td><td>-</td><td>n.a.</td><td>915</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>5/17/54</td><td>1-7/8% Note 2/15/59-A 1-1/8% Cert. 5/17/55-B</td><td>2,205</td><td>2,897</td><td>26</td><td>1,138 1,982</td><td>175 41</td><td>146 74</td><td>139 23</td><td>216 247</td><td>36 20</td><td>1</td><td>37 103</td><td>219 276 180 180</td></tr><tr><td>8/2/54</td><td>1% Cert. 3/22/55-C 8/</td><td>2,734</td><td>3,886</td><td>1,686</td><td>2,011</td><td>39</td><td>59</td><td>41</td><td>1,146</td><td>3</td><td>1</td><td>156</td><td>192 85</td></tr><tr><td>8/15/54</td><td>1-1/8% Cert. 8/15/55-D 2-1/8% Bond 11/15/60</td><td>-</td><td>3,558</td><td>995</td><td>847</td><td>115</td><td>47</td><td>30</td><td>751</td><td>45 18</td><td>4</td><td>369 68</td><td>117 130</td></tr><tr><td>10/4/54</td><td>1-5/8% Note 5/15/57-B</td><td>4,155</td><td>3,806</td><td>10</td><td>3,091</td><td>54</td><td>100</td><td>31</td><td>120</td><td>69</td><td>2</td><td>87</td><td>344 117</td></tr><tr><td>12/15/54</td><td>1-1/8% Cert. 8/15/55-D 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>70 142</td><td>30 662 152</td><td>13 5 37</td><td>-</td><td>6 311 156</td><td>6 120 244 144</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 3,792 1,924</td><td>4,012 1 1</td><td>2,385 2,704 1,190</td><td>112 69 70</td><td>63 123 130</td><td>15 43 44</td><td>1,065 329 84</td><td>36 3 10</td><td>*</td><td>308 128 23 354</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 29</td></tr><tr><td>5/17/55</td><td>2% Note 8/15/56-B</td><td>2,532</td><td>3,174</td><td>1,686</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 82 134</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 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 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</td><td>96 151</td><td>222 185</td></tr><tr><td>10/11/55</td><td>2-1/4% Cert. 6/22/56-C 8/</td><td>2,970</td><td>-</td><td>-</td><td>1,782</td><td>44</td><td>18</td><td>4</td><td>976</td><td>*</td><td>1</td><td>38</td><td>65 42</td></tr><tr><td>12/1/55</td><td>2-5/8% Cert. 12/1/56-D 2-7/8% Note 6/15/58-A</td><td>-</td><td>9,083 2,283</td><td>5,757 1</td><td>1,349 1,099</td><td>108 52</td><td>33 62</td><td>16 37</td><td>998 478</td><td>4 24</td><td>2*</td><td>342 261 137</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></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>39 140</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>57 426</td></tr><tr><td>8/15/56</td><td>2-3/4% Cert. 3/22/57-B 8/</td><td>3,221</td><td>-</td><td>-</td><td>2,175</td><td>24</td><td>10</td><td>5</td><td>947</td><td>1</td><td>-</td><td>29</td><td>18 12</td></tr><tr><td>10/17/56</td><td>2.627% Bill 1/16/57</td><td>1,603</td><td>-</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>11/16/56</td><td>2.617% Bill 2/15/57</td><td>1,750</td><td>-</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>12/1/56</td><td>3-1/4% Cert. 6/24/57-C 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 23 129 108</td></tr><tr><td>12/17/56</td><td>2.585% Bill 3/22/57 8/</td><td>1,006</td><td>-</td><td>n.a.</td><td>975</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td></tr><tr><td>1/16/57</td><td>3.305% Bill 6/24/57 8/ 3.231% Bill 6/24/57 8/</td><td>1,601 10/</td><td>1,750 10/</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></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>168 205 118 110</td></tr><tr><td>3/28/57</td><td>3-3/8% Cert. 2/14/58-A 3-1/2% Note 5/15/60-A 9/</td><td>2,437</td><td>942</td><td>100</td><td>2,361 786</td><td>20 19</td><td>2 4</td><td>2 4</td><td>33 12</td><td>1 2</td><td>-</td><td>1</td><td>3 7</td></tr><tr><td>5/1/57</td><td>3-1/2% Cert. 4/15/58-B 3-5/8% Note 2/15/62-A</td><td>-</td><td>2,351 647</td><td>112 365</td><td>1,042 166</td><td>25 3</td><td>62 14</td><td>14 3</td><td>487 45</td><td>42 1</td><td>*</td><td>272 9</td><td>91 29 204 12</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
47
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills 1/ (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Date of financing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="9">Allotments by investor classes</th></tr><tr><th>For cash</th><th>In exchange for other securities</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Commercial banks 2/</th><th>Individuals 2/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 5/ Pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers 6/</th><th>All other 7/</th></tr><tr><td>5/27/57</td><td>2.82% Bill</td><td>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></tr><tr><td>7/3/57</td><td>3.48% Bill</td><td>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></tr><tr><td>8/1/57</td><td>3-5/8% Cert. 4% 4% Note</td><td>12/1/57-E 8/1/58-c 8/1/61-a</td><td>100 100 100</td><td>11 11 11</td><td>9,871 10,487 2,509</td><td>7,991 6,822 271</td><td>650 1,606 1,394</td><td>50 170 68</td><td>27 56 54</td><td>17 45 48</td><td>691 827 174</td><td>19 26 6</td><td>319 478 215</td><td>129 141 129</td><td>77 409 222</td></tr><tr><td>8/21/57</td><td>4.17% Bill</td><td>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></tr><tr><td>9/26/57</td><td>4% Cert. 4% Note</td><td>8/1/58-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>6</td><td>10 2</td><td>175 39</td></tr><tr><td>10/1/57</td><td>4% Bond</td><td>10/1/69</td><td>657</td><td>-</td><td>100</td><td>296</td><td>84</td><td>16</td><td>21</td><td>20</td><td>5</td><td>12</td><td>9</td><td>79 15</td></tr><tr><td>11/29/57</td><td>3-3/4% Note</td><td>11/15/62-c</td><td>1,143</td><td>-</td><td>100</td><td>663</td><td>39</td><td>62</td><td>58</td><td>28</td><td>8</td><td>5</td><td>1</td><td>120 59</td></tr><tr><td>12/1/57</td><td>3-3/4% Cert.</td><td>12/1/58-D</td><td>-</td><td>9,833</td><td>7,938</td><td>658</td><td>34</td><td>24</td><td>24</td><td>599</td><td>33</td><td>2</td><td>182</td><td>137 202</td></tr><tr><td>12/2/57</td><td>3-7/8% Bond</td><td>11/15/74</td><td>654</td><td>-</td><td>100</td><td>189</td><td>43</td><td>60</td><td>98</td><td>23</td><td>29</td><td>14</td><td>10</td><td>52 36</td></tr><tr><td>2/14/58</td><td>2-1/2% Cert. 3% Bond 3-1/2% Bond</td><td>2/14/59-A 2/15/64 2/15/90</td><td>- - -</td><td>9,770 3,854 1,727</td><td>5,752 48 82</td><td>1,404 2,780 520</td><td>171 81 87</td><td>70 52 176</td><td>18 42 68</td><td>1,095 163 113</td><td>39 44 47</td><td>2 1 10</td><td>588 81 77</td><td>173 306 461</td><td>458 256 86</td></tr><tr><td>2/28/58</td><td>3% Bond</td><td>8/15/66</td><td>1,484</td><td>-</td><td>100</td><td>676</td><td>113</td><td>53</td><td>85</td><td>145</td><td>7</td><td>2</td><td>16</td><td>154 133</td></tr><tr><td>4/15/58</td><td>2-5/8% Note</td><td>2/15/63-A</td><td>3,971</td><td>-</td><td>102</td><td>2,511</td><td>221</td><td>110</td><td>141</td><td>258</td><td>29</td><td>2</td><td>16</td><td>346 235</td></tr><tr><td>6/3/58</td><td>3-1/4% Bond</td><td>5/15/85</td><td>1,135</td><td>-</td><td>100</td><td>213</td><td>86</td><td>202</td><td>76</td><td>102</td><td>31</td><td>48</td><td>9</td><td>127 141</td></tr><tr><td>6/15/58</td><td>1-1/4% Cert. 2-5/8% Bond</td><td>5/15/59-B 2/15/65</td><td>-</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>4</td><td>191 190</td><td>47 924</td><td>210 311</td></tr><tr><td>8/1/58</td><td>1-5/8% Cert.</td><td>8/1/59-c</td><td>13,500</td><td>-</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.</td><td>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</td><td>5/15/59</td><td>2,735</td><td>-</td><td>-</td><td>2,256</td><td>63</td><td>23</td><td>11</td><td>221</td><td>4</td><td>1</td><td>30</td><td>44</td><td>82</td></tr><tr><td>10/10/58</td><td>3-1/2% Note</td><td>11/15/59-B</td><td>1,184</td><td>-</td><td>105</td><td>664</td><td>78</td><td>20</td><td>19</td><td>125</td><td>4</td><td>1</td><td>49</td><td>25</td><td>94</td></tr><tr><td>11/20/58</td><td>2.999% Bill</td><td>6/22/59 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</td><td>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</td><td>5/15/60-B</td><td>2,738</td><td>-</td><td>-</td><td>2,302</td><td>48</td><td>37</td><td>17</td><td>175</td><td>5</td><td>1</td><td>11</td><td>31</td><td>111</td></tr><tr><td>1/23/59</td><td>4% Bond</td><td>2/15/80</td><td>884</td><td>-</td><td>50</td><td>170</td><td>76</td><td>153</td><td>65</td><td>52</td><td>53</td><td>106</td><td>28</td><td>48</td><td>83</td></tr><tr><td>2/15/59</td><td>3-3/4% Cert. 4% Note</td><td>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</td><td>515 85</td><td>207 26</td><td>565 75</td></tr><tr><td>2/16/59</td><td>3.293% Bill</td><td>9/21/59 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 4% Bond 3.386% Bill</td><td>5/15/63-B 10/1/69 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</td><td>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>3.56% Bill 4% Cert.</td><td>12/22/59 5/15/60-B</td><td>1,500 1,269</td><td>-</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>*</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</td><td>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>3</td><td>*</td><td>3</td><td>3</td></tr><tr><td>7/15/59</td><td>4.728% Bill</td><td>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</td><td>5/15/64-A</td><td>-</td><td>4,184</td><td>2,666</td><td>803</td><td>32</td><td>25</td><td>48</td><td>180</td><td>10</td><td>32</td><td>68</td><td>190</td><td>130</td></tr><tr><td>8/1/59</td><td>4-3/4% Note</td><td>8/15/60-C</td><td>-</td><td>9,561</td><td>5,625</td><td>1,375</td><td>109</td><td>75</td><td>38</td><td>1,299</td><td>18</td><td>8</td><td>491</td><td>278</td><td>245</td></tr><tr><td>8/19/59</td><td>3.719% Bill</td><td>3/22/60 8/ 2/</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</td><td>8/15/64-B</td><td>2,316</td><td>-</td><td>100</td><td>587</td><td>778</td><td>148</td><td>138</td><td>91</td><td>107</td><td>51</td><td>29</td><td>68</td><td>229</td></tr><tr><td>10/21/59</td><td>4.783% Bill</td><td>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</td><td>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</td><td>10/17/60</td><td>2,007</td><td>-</td><td>-</td><td>1,982</td><td>8</td><td>*</td><td>*</td><td>8</td><td>1</td><td>*</td><td>5</td><td>1</td><td>2</td></tr><tr><td>12/15/59</td><td>4-3/4% Note</td><td>5/15/64-A 9/</td><td>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</td><td>6/22/60 8/ 2/</td><td>2,016</td><td>-</td><td>-</td><td>1,996</td><td>7</td><td>1</td><td>-</td><td>8</td><td>*</td><td>-</td><td>2</td><td>-</td><td>2</td></tr><tr><td>1/15/60</td><td>5.067% Bill</td><td>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. 4-7/8% Note</td><td>2/15/61-A 11/15/64-C</td><td>-</td><td>6,938 4,195</td><td>3,656 2,031</td><td>1,039 1,207</td><td>132 120</td><td>104 107</td><td>30 56</td><td>1,121 180</td><td>43 26</td><td>4 35</td><td>397 43</td><td>111 259</td><td>301 131</td></tr><tr><td>4/5/60</td><td>4-1/4% Bond</td><td>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</td><td>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></table>
Footnotes at end of table.
(Continued on following page)
48
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="10">Allotments by investor classes</th></tr><tr><th>Date of financing</th><th>Description of security</th><th>For cash</th><th>In exchange for other securities</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Commercial banks 2/</th><th>Individuals 3/</th><th>Insurance companies</th><th>Mutual savings banks 4/</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 2/ Pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers 5/</th><th>All other 6/</th></tr><tr><td>4/15/60</td><td>4.60%$ 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. 4-5/8% Note 5/15/65-A</td><td>-</td><td>3,674 2,113</td><td>193 215</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 3-7/8% Bond 5/15/64-D 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>2.82%$ 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. 3-7/8% Bond 8/1/61-C 5/15/68 2/ 13/</td><td>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 3-1/2% Bond 11/15/80 2/ 11/15/90 2/ 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>3.11%$ 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>2.78%$ 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 3-3/4% Bond 2/15/62-F 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>2.67%$ 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 3-5/8% Bond 11/15/66 11/15/67</td><td>-</td><td>2,438 3,604</td><td>39 560</td><td>1,714 1,664</td><td>53 120</td><td>119 209</td><td>38 112</td><td>71 114</td><td>20 21</td><td>20 34</td><td>88 214</td><td>126 198</td><td>150 358</td></tr><tr><td>4/3/61</td><td>2.473%$ Bill 9/22/61 8/</td><td>1,503</td><td>-</td><td>-</td><td>1,492</td><td>2</td><td>1</td><td>-</td><td>2</td><td>*</td><td>-</td><td>1</td><td>-</td><td>5</td></tr><tr><td>4/15/61</td><td>2.827%$ Bill 4/15/62</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. 3-1/4% Note 5/15/62-A 5/15/63-D 13/</td><td>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%$ Billa 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 3-3/4% Note 3-7/8% Bond 11/15/62-H 8/15/64-E 5/15/68 2/</td><td>-</td><td>6,082 5,019 749</td><td>3,386 1,600 58</td><td>1,241 2,203 309</td><td>107 92 45</td><td>77 64 32</td><td>28 55 29</td><td>382 145 16</td><td>17 12 7</td><td>1 5 9</td><td>407 100 21</td><td>169 441 169</td><td>267 302 54</td></tr><tr><td>1/15/61</td><td>3-1/2% Bond 3-1/2% Bond 2/15/90 2/ 11/15/98</td><td>-</td><td>1,273 1,298 1,187</td><td>480 161 290</td><td>61 81 50</td><td>31 23 27</td><td>366 529 442</td><td>74 190 99</td><td>9 10 5</td><td>13 17 4</td><td>63 123 94</td><td>94 70 64</td><td>33 91 21</td><td>74 61 21</td></tr><tr><td>9/27/61</td><td>2.703%$ Bill 6/22/62 8/</td><td>2,511</td><td>-</td><td>-</td><td>2,435</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>2,295</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>2,003 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>11/15/61</td><td>3-1/4% Note 3-3/4% Bond 2/15/63-E 5/15/66 2/</td><td>-</td><td>3,642 2,384</td><td>68 4</td><td>2,158 1,514</td><td>78 52</td><td>92 89</td><td>37 55</td><td>625 66</td><td>25 17</td><td>3 2</td><td>165 49</td><td>206 405</td><td>185 131</td></tr><tr><td>11/15/61</td><td>3-7/8% Bond 12/7/61 11/15/74 2/</td><td>-</td><td>517</td><td>136</td><td>105</td><td>8</td><td>21</td><td>4</td><td>16</td><td>3</td><td>4</td><td>9</td><td>189</td><td>22</td></tr><tr><td>12/15/61</td><td>2.277%$ Bills 1/25/62 14/</td><td>800</td><td>-</td><td>-</td><td>361</td><td>-</td><td>-</td><td>-</td><td>82</td><td>-</td><td>-</td><td>17</td><td>333</td><td>7</td></tr><tr><td>12/15/61</td><td>3-7/8% Bond 5/15/68 2/</td><td>-</td><td>320</td><td>*</td><td>136</td><td>60</td><td>21</td><td>8</td><td>18</td><td>7</td><td>19</td><td>23</td><td>*</td><td>28</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
49
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills 1/ - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2">Date of financing</th><th rowspan="2">Description of security</th><th colspan="2">Amount issued</th><th colspan="7">Allotments by investor classes</th></tr><tr><th>For cash</th><th>In exchange for other securities</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Commercial banks 2/</th><th>Individuals 2/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 4/</th><th>Private pension and retirement funds</th><th>State and local governments 2/ Pension and retirement funds</th><th>Other funds</th><th>Dealers and brokers 6/</th><th>All other 6/</th></tr><tr><td>1/15/62 1/24/62</td><td>3.366% B111 4% Bond 10/1/69 2/</td><td>2,001 12/</td><td>-</td><td>217</td><td>1,078</td><td>14</td><td>12</td><td>7</td><td>117</td><td>3</td><td>*</td><td>21</td><td>404</td><td>128</td></tr><tr><td>2/15/62</td><td>3-1/2% Cert. 4% Note 8/15/66-A</td><td>-</td><td>6,862 4,454</td><td>1,411 1,918</td><td>780 1,618</td><td>35 100</td><td>11 106</td><td>30 36</td><td>26 646</td><td>11</td><td>6</td><td>6</td><td>45</td><td>64</td></tr><tr><td>3/1/62</td><td>4% Bond 8/15/71 2/15/80 3-1/2% Bond 11/15/98</td><td>- -</td><td>2,806 563 900 933</td><td>408 177 218 221</td><td>1,591 116 94 77</td><td>118 36 83 132</td><td>115 37 69 87</td><td>51 23 30 28</td><td>46 3 23 17</td><td>41 2 28 4</td><td>24 23 101 142</td><td>108 24 99 99</td><td>144 94 22 88</td><td>160 28 133 98</td></tr><tr><td>3/23/62</td><td>2.896% B111</td><td>1,802</td><td>-</td><td>153</td><td>689</td><td>5</td><td>5</td><td>2</td><td>156</td><td>1</td><td>36</td><td>28</td><td>683</td><td>44</td></tr><tr><td>4/15/62 4/18/62</td><td>2.943% B111 3-3/4% Bond 8/15/68</td><td>2,001 1,258</td><td>-</td><td>163 100</td><td>925 753</td><td>8 32</td><td>7 29</td><td>1 39</td><td>149 40</td><td>*</td><td>*</td><td>82</td><td>506</td><td>160</td></tr><tr><td>5/15/62</td><td>3-1/4% Cert. 3-5/8% Note 3-7/8% Bond 11/15/71</td><td>- -</td><td>6,686 3,114 1,204</td><td>2,330 17 64</td><td>2,287 2,261 653</td><td>106 31 26</td><td>140 68 36</td><td>68 49 15</td><td>827 93 26</td><td>40 9 3</td><td>11 1 15</td><td>352 48 39</td><td>171 335 224</td><td>354 202 103</td></tr><tr><td>7/15/62</td><td>3.257% B111 7/15/63</td><td>2,004 12/</td><td>-</td><td>44</td><td>952</td><td>23</td><td>1</td><td>8</td><td>242</td><td>1</td><td>*</td><td>210</td><td>379</td><td>144</td></tr><tr><td>8/15/62</td><td>3-1/2% Cert. 4% Bond 4-1/4% Bond 8/15/87-92</td><td>3,070p 1,836p 360p</td><td>3,782p 8p 5p</td><td>3,804 100 50</td><td>1,080 1,291 115</td><td>67 63 3</td><td>95 17 76</td><td>66 66 10</td><td>358 47 3</td><td>27 16 6</td><td>31 3 38</td><td>663 21 5</td><td>231 89 37</td><td>430 131 22</td></tr><tr><td>9/15/62</td><td>3-3/4% Note 4% Bond 8/15/67-A 3/15/72</td><td>-</td><td>5,282p 2,579p</td><td>21 320</td><td>3,585 1,146</td><td>62 51</td><td>123 63</td><td>63 86</td><td>151 34</td><td>28 29</td><td>3 41</td><td>129 93</td><td>629 565</td><td>488 151</td></tr><tr><td>10/3/62</td><td>2.616% B111 3/22/63</td><td>3,005</td><td>-</td><td>-</td><td>2,975</td><td>10</td><td>1</td><td>-</td><td>11</td><td>*</td><td>-</td><td>1</td><td>-</td><td>7</td></tr><tr><td>10/15/62</td><td>2.969% B111</td><td>2,500 12/</td><td>-</td><td>280</td><td>1,209</td><td>10</td><td>4</td><td>5</td><td>180</td><td>*</td><td>*</td><td>46</td><td>574</td><td>192</td></tr><tr><td>11/15/62</td><td>3-1/8% Cert. 3-1/2% Note 4% Bond 11/15/63-D 11/15/65-B 2/15/72</td><td>- -</td><td>4,856p 3,286p 2,344p</td><td>3,796 1 6</td><td>431 2,238 1,504</td><td>74 63 45</td><td>48 125 48</td><td>8 18 51</td><td>214 207 33</td><td>15 12 9</td><td>1 * 32</td><td>111 196 53</td><td>31 178 443</td><td>127 248 120</td></tr><tr><td>11/15/62</td><td>2.866% B111a 1/17-3/21/63 14/</td><td>1,001p</td><td>-</td><td>-</td><td>575</td><td>*</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>*</td><td>414</td><td>6</td></tr></table>
Source: Based on subscription and allotment reports. For detail of offerings see Table 4.
1/ Excludes 1-1/2% Treasury notes issued in exchange to holders of nonmarketable 2-3/4% Treasury bonds, Investment Series B-1975-80.
2/ Includes trust companies and stock savings banks.
3/ Includes partnerships and personal trust accounts.
4/ Exclusive of banks and insurance companies.
5/ Consists of trust, sinking, and investment funds of State and local governments and their agencies.
6/ Includes savings and loan associations, nonprofit institutions, and investments of foreign banks and international accounts in this country. Also includes corporations and private pension and retirement funds prior to July 15, 1953, financing.
7/ Included in "All other."
8/ Tax anticipation security.
2/ Reopening of earlier issue.
10/ Issued as a rollover of bills maturing January 16, 1957, and February 15, 1957, respectively.
11/ Issued in special allotment to Government investment accounts.
12/ Issued as a rollover of one-year bills.
13/ Offerings of these securities, subject to allotment were made for the purpose of paying off maturing securities in cash. Holders of the maturing securities were not offered preemptive rights to exchange their holdings but were permitted to present them in payment or exchange, in whole or in part, for the new issues.
14/ Offerings consist of an additional $100 million each of outstanding weekly bills issued in "strip" form; 18 series were included in the June 14, 1961, offering; 8 series in the November 15, 1961, offering; and 10 series in the November 15, 1962 offering.
* Less than $500,000.
p Preliminary. n.a. Not available.
50
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills
<table><tr><th>Date of refunding or retirement</th><th 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</td><td>7/1/52 10/7/40</td><td>4,963 725</td><td>-</td><td>4,963 725</td><td>4,410 448</td><td>553 277</td><td>2-5/8% Certificate - 6/1/54-B</td></tr><tr><td>6/19/53</td><td>1.846% Bill - 6/19/53</td><td>11/21/52</td><td>2,003</td><td>2,003 2/</td><td>-</td><td>4,858</td><td>829</td><td></td></tr><tr><td>8/15/53</td><td>2% Certificate - 8/15/53-C</td><td>8/15/52</td><td>2,882</td><td>-</td><td>2,882</td><td>2,788</td><td>93</td><td>2-5/8% Certificate - 8/15/54-D</td></tr><tr><td>9/15/53</td><td>2% Bond - 9/15/51-53</td><td>9/15/43</td><td>7,986</td><td>-</td><td>7,986</td><td>4,724 2,997</td><td>266</td><td>2-5/8% Certificate - 9/15/54-E 2-7/8% Note - 3/15/57-A</td></tr><tr><td>9/18/53</td><td>2.383% 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 2</td></tr><tr><td>2/15/54</td><td>2-1/4% Certificate - 2/15/54-A 1-3/8% Note - 3/15/54-A 2% Bond - 6/15/52-54 2-1/4% Bond - 6/15/52-55 2-1/4% Bond - 6/15/54-56</td><td>2/15/53 12/15/49 6/26/44 2/25/42 7/22/40</td><td>8,114 4,675 5,825 1,501 681</td><td>-</td><td>8,114 4,675 5,825 1,501 681</td><td>5,647 2,360 1,360 3,237 1,083 6/ 1,128 5/ 369 5/</td><td>108 78</td><td>1-5/8% Certificate - 2/15/55-A 2-1/2% Bond - 11/15/61 2-1/2% Bond - 11/15/61</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</td><td>5,902 2/</td><td>-</td><td>1,743 373 311 273</td><td>238 51 38</td><td>1-7/8% Certificate - 5/17/55-B 1-7/8% Note - 2/15/59-A 7,007 of 1-5/8% Certificate 11,177 of 2-1/2% Bond</td></tr><tr><td>5/17/54</td><td>2-5/8% Certificate - 6/1/54-B</td><td>6/1/53</td><td>4,858</td><td>-</td><td>4,858</td><td>1,786 2,897</td><td>175</td><td>1-1/8% Certificate - 5/17/55-B 1-7/8% Note - 2/15/59-A 3,886 of 1-1/8% Certificate 2,897 of 1-7/8% Note</td></tr><tr><td>6/18/54</td><td>Total.</td><td></td><td>7,285</td><td>-</td><td>7,285</td><td>6,783</td><td>502</td><td></td></tr><tr><td>6/24/54</td><td>.726% Bill - 6/18/54 .956% Bill - 6/24/54</td><td>4/27/54 3/22/54</td><td>1,001 1,501</td><td>1,001 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>8/15/54</td><td>2-5/8% Certificate - 8/15/54-D 2-5/8% Certificate - 9/15/54-E</td><td>8/15/53 9/15/53</td><td>2,788 4,724</td><td>-</td><td>2,788 4,724</td><td>1,005 1,728 2,553 2,078</td><td>55 93</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</td></tr><tr><td>12/15/54</td><td>Total.</td><td></td><td>7,512</td><td>-</td><td>7,512</td><td>7,364</td><td>148</td><td>3,558 of 1-1/8% Certificate 3,806 of 2-1/8% Bond</td></tr><tr><td>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</td><td>12/1/53 12/1/44 12/15/41</td><td>8,175 8,662 510</td><td>-</td><td>8,175 8,662 510</td><td>4,498 3,289 346 407 1,983 6,028 14 88 380</td><td>43 243 29</td><td>1-1/8% Certificate - 8/15/55-D 1-1/4% Certificate - 12/15/55-E 2-1/2% Bond - 8/15/63 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</td></tr><tr><td>2/15/55</td><td>Total.</td><td></td><td>17,347</td><td>-</td><td>17,347</td><td>17,033</td><td>315</td><td>4,919 of 1-1/8% Certificate 5,359 of 1-1/4% Certificate 6,755 of 2-1/2% Bond</td></tr><tr><td>2/15/55</td><td>1-5/8% Certificate - 2/15/55-A 1-1/2% Note - 3/15/55-A 2-7/8% Bond - 3/15/55-60</td><td>2/15/54 3/15/50 3/15/35</td><td>7,007 5,365 2,611</td><td>-</td><td>7,007 5,365 2,611</td><td>5,735 1,166 2,414 2,626 323 1,924</td><td>106 326 364</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 3% Bond</td></tr><tr><td>3/22/55</td><td>Total.</td><td></td><td>14,983</td><td>-</td><td>14,983</td><td>14,188</td><td>795</td><td></td></tr><tr><td>5/17/55</td><td>1% Certificate - 3/22/55-C 1-1/8% Certificate - 5/17/55-B</td><td>8/2/54 5/17/54</td><td>3,734 3,886</td><td>3,734 2/</td><td>-</td><td>3,886</td><td>722</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 1-1/8% Certificate - 8/15/55-D</td><td>4/1/55 8/15/54</td><td>3,210 8,477</td><td>3,210 2/</td><td>-</td><td>8,477</td><td>149</td><td>2% Certificate - 6/22/56-B 2% Note - 8/15/56-B 2/</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
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 maturity security 1/</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of exchange offers</th><th>Description of new security offered (See also Table 4)</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash 2/</th><th></th></tr><tr><td colspan="9">(In millions of dollars)</td></tr><tr><td>12/1/55</td><td>1-1/4% Certificate - 12/15/55-E</td><td>12/15/54</td><td>5,359</td><td>-</td><td>5,359</td><td>4,158 814</td><td>387</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</td></tr><tr><td></td><td>1-3/4% Note - 12/15/55-B</td><td>12/15/50</td><td>6,854</td><td>-</td><td>6,854</td><td>4,925 1,469</td><td>460</td><td>2-5/8% Certificate - 12/1/56-D 2-7/8% Note - 6/15/58-A</td></tr><tr><td></td><td>Total</td><td></td><td>12,213</td><td>-</td><td>12,213</td><td>11,366</td><td>847</td><td>9,083 of 2-5/8% Certificate 2,283 of 2-7/8% Note</td></tr><tr><td>3/5/56</td><td>1-5/8% Note - 3/15/56-A</td><td>2/15/55</td><td>8,472</td><td>-</td><td>8,472</td><td>6,215 2,109</td><td>148</td><td>2-5/8% Certificate - 2/15/57-A 2-7/8% Note - 6/15/58-A</td></tr><tr><td></td><td>1-1/2% Note - 4/1/56-EA</td><td>4/1/51</td><td>1,007</td><td>-</td><td>1,007</td><td>1,005</td><td>2</td><td>2-5/8% Certificate - 2/15/57-A</td></tr><tr><td></td><td>Total</td><td></td><td>9,479</td><td>-</td><td>9,479</td><td>9,328</td><td>151</td><td>7,219 of 2-5/8% Certificate 2,109 of 2-7/8% Note 10/</td></tr><tr><td>3/22/56</td><td>1-7/8% Certificate - 3/22/56-A</td><td>7/18/55</td><td>2,202</td><td>2,202 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/23/56</td><td>2.465% Bill</td><td>12/55/55</td><td>1,501</td><td>1,501 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/56</td><td>2% Certificate - 6/22/56-B</td><td>8/1/55</td><td>1,486</td><td>1,486 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/56</td><td>2-1/4% Certificate - 6/22/56-C</td><td>10/11/55</td><td>2,970</td><td>2,970 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>7/16/56</td><td>2% Note - 8/15/56-B 1-1/2% Note - 10/1/56-BO</td><td>5/17/55 10/1/51</td><td>12,547 550</td><td>159 11/ 12,388 550</td><td>11,528 528</td><td>860 22</td><td>2-3/4% Note - 8/1/57-D</td></tr><tr><td></td><td>Total</td><td></td><td>13,097</td><td>159 11/ 12,938</td><td>12,056</td><td>882</td><td></td></tr><tr><td>9/15/56</td><td>2-3/4% Bond - 9/15/56-59</td><td>9/15/36</td><td>982</td><td>982</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>12/1/56</td><td>2-5/8% Certificate - 12/1/56-D</td><td>12/1/55</td><td>9,083</td><td>-</td><td>9,083</td><td>1,312 7,271</td><td>500</td><td>3-1/4% Certificate - 6/24/57-C 12/ 3-1/4% Certificate - 10/1/57-D</td></tr><tr><td>1/16/57</td><td>2.627% Bill</td><td>1/16/57</td><td>1,603</td><td>1,603 13/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>2/15/57</td><td>2.617% Bill</td><td>2/15/57</td><td>1,750</td><td>1,750 13/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>2-5/8% Certificate - 2/15/57-A</td><td>3/5/56</td><td>7,219</td><td>-</td><td>7,219</td><td>6,394 543</td><td>282</td><td>3-3/8% Certificate - 2/14/58-A 3-1/2% Note - 5/15/60-A</td></tr><tr><td>2/15/57</td><td>2-7/8% Note - 3/15/57-A</td><td>9/15/53</td><td>2,997</td><td>-</td><td>2,997</td><td>1,498 920</td><td>578</td><td>3-3/8% Certificate - 2/14/58-A 3-1/2% Note - 5/15/60-A</td></tr><tr><td></td><td>1-1/2% Note - 4/1/57-EA</td><td>4/1/52</td><td>531</td><td>-</td><td>531</td><td>522</td><td>9</td><td>3-3/8% Certificate - 2/14/58-A 8,414 of 3-3/8% Certificate 1,464 of 3-1/2% Note</td></tr><tr><td></td><td>Total</td><td></td><td>10,747</td><td>-</td><td>10,747</td><td>9,878</td><td>870</td><td></td></tr><tr><td>3/22/57</td><td>2.585% Bill</td><td>12/17/56</td><td>1,006</td><td>1,006 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>3/22/57</td><td>2-3/4% Certificate - 3/22/57-B</td><td>8/15/56</td><td>3,221</td><td>3,221 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>2,351 647</td><td>1,157</td><td>3-1/2% Certificate - 4/15/58-B 3-5/8% Note - 2/15/62-A</td></tr><tr><td>6/24/57</td><td>3.305% Bill</td><td>1/16/57</td><td>1,601</td><td>1,601 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/24/57</td><td>3.231% Bill</td><td>2/15/57</td><td>1,750</td><td>1,750 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/24/57</td><td>3-1/4% Certificate - 6/24/57-C</td><td>12/1/56</td><td>1,312</td><td>1,312 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>2-3/4% Note - 8/1/57-D</td><td>7/16/56</td><td>12,056</td><td>-</td><td>12,056</td><td>8,893 1,783 1,039</td><td>342</td><td>3-5/8% Certificate - 12/1/57-E 4% Certificate - 8/1/58-C 4% Note - 8/1/61-A</td></tr><tr><td></td><td>2% Note - 8/15/57-C</td><td>2/15/55</td><td>3,792</td><td>-</td><td>3,792</td><td>978 1,327 1,118</td><td>369</td><td>3-5/8% Certificate - 12/1/57-E 4% Certificate - 8/1/58-C 4% Note - 8/1/61-A 4% Certificate - 8/1/58-C 4% Note - 8/1/61-A</td></tr><tr><td>8/1/57</td><td>3-1/4% Certificate - 10/1/57-D</td><td>12/1/56</td><td>7,271</td><td>-</td><td>7,271</td><td>6,634 319</td><td>318</td><td>4% Certificate - 8/1/58-C</td></tr><tr><td></td><td>1-1/2% Note - 10/1/57-BO</td><td>10/1/52</td><td>824</td><td>-</td><td>824</td><td>743 32</td><td>49</td><td>4% Certificate - 8/1/61-A</td></tr><tr><td></td><td>Total</td><td></td><td>23,943</td><td>-</td><td>23,943</td><td>22,866</td><td>1,077</td><td>9,871 of 3-5/8% Certificate 10,487 of 4% Certificate 2,509 of 4% Note</td></tr><tr><td>9/23/57</td><td>2.825% Bill</td><td>5/27/57</td><td>1,501</td><td>1,501 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>12/2/57</td><td>3-5/8% Certificate - 12/1/57-E</td><td>8/1/57</td><td>9,971</td><td>-</td><td>9,971</td><td>9,833</td><td>138</td><td>3-3/4% Certificate - 12/1/58-D</td></tr></table>
Footnotes at end of table.
(Continued on following page)
52
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
<table><tr><th>Date of refunding or retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of ex-change offers</th><th>Description of new security offered (See also Table 4)</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Ex-changed</th><th>Turned in for cash 2/</th><th></th></tr><tr><td rowspan="6">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<br>1,980<br>1,121</td><td>257</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64</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<br>592<br>350</td><td>164</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64</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<br>115<br>25</td><td>49</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64</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<br>372<br>96</td><td>607</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64</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<br>796<br>135</td><td>357</td><td>2-1/2% Certificate - 2/14/59-A<br>3% Bond - 2/15/64</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<br>1,854 of 3% Bond<br>1,727 of 3-1/2% Bond</td></tr><tr><td>3/24/58</td><td>3,485% Bill - 3/24/58</td><td>7/3/57</td><td>3,002</td><td>3,002 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">6/15/58</td><td>2-7/8% Note - 6/15/58-A</td><td>12/1/55</td><td>4,392</td><td>-</td><td>4,392</td><td>1,015<br>3,195</td><td>181</td><td>1-1/4% Certificate - 5/15/59-B<br>2-5/8% Bond</td></tr><tr><td>2-3/4% Bond - 6/15/58-63</td><td>6/15/38</td><td>919</td><td>-</td><td>919</td><td>91<br>800</td><td>28</td><td>1-1/4% Certificate - 5/15/59-B<br>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<br>3,392</td><td>143</td><td>1-1/4% Certificate - 5/15/59-B<br>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<br>7,388 of 2-5/8% Bond</td></tr><tr><td>June 158</td><td>2-5/8% Bond - 2/15/65</td><td>6/15/58</td><td>7,388</td><td>104 14/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>July 158</td><td>2-5/8% Bond - 2/15/65</td><td>6/15/58</td><td>7,284</td><td>387 14/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">8/1/58</td><td>4% Certificate - 8/1/58-C</td><td>8/1/57</td><td>11,519</td><td>-</td><td>11,519</td><td>10,634</td><td>885</td><td></td></tr><tr><td>2-1/4% Bond - 9/15/56-59 15/</td><td>2/1/44</td><td>3,818</td><td>-</td><td>3,818</td><td>2,206</td><td>1,612</td><td>1-5/8% Certificate - 8/1/59-C</td></tr><tr><td>2-3/8% Bond - 3/15/57-59 15/</td><td>3/1/52</td><td>927</td><td>-</td><td>927</td><td>660</td><td>267</td><td></td></tr><tr><td>Total</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-BO</td><td>10/1/53</td><td>121</td><td>121</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td rowspan="4">12/1/58</td><td>3-3/4% Certificate - 12/1/58-D</td><td>12/1/57</td><td>9,833</td><td>-</td><td>9,833</td><td>6,433<br>3,300</td><td>100</td><td>3-3/8% Certificate - 11/15/59-E<br>3-5/8% Note</td></tr><tr><td>2-1/2% Bond - 12/15/58</td><td>2/15/53</td><td>2,368</td><td>-</td><td>2,368</td><td>1,277<br>778</td><td>312</td><td>3-3/8% Certificate - 11/15/59-E<br>3-5/8% Note - 5/15/61-B</td></tr><tr><td>Total</td><td></td><td>12,201</td><td>-</td><td>12,201</td><td>11,789</td><td>412</td><td>7,711 of 3-3/8% Certificate<br>4,078 of 3-5/8% Note</td></tr><tr><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<br>579</td><td>876</td><td>3-3/4% Certificate - 2/15/60-A<br>4% Note</td></tr><tr><td>2/15/59</td><td>1-7/8% Note - 2/15/59-A</td><td>5/17/54</td><td>5,102</td><td>-</td><td>5,102</td><td>3,048<br>856</td><td>1,199</td><td>3-3/4% Certificate - 2/15/60-A<br>4% Note</td></tr><tr><td>Total</td><td></td><td>14,872</td><td>-</td><td>14,872</td><td>12,798</td><td>2,075</td><td>11,363 of 3-3/4% Certificate<br>1,435 of 4% Note</td></tr><tr><td>3/24/59</td><td>1-1/2% Certificate - 3/24/59-D</td><td>8/6/58</td><td>3,567</td><td>3,567 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>4/1/59</td><td>1-1/2% Note - 4/1/59-EA</td><td>4/1/54</td><td>119</td><td>119</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>5/15/59</td><td>1-1/4% Certificate - 5/15/59-B</td><td>6/15/58</td><td>1,817</td><td>-</td><td>1,817</td><td>1,269</td><td>547</td><td>4% Certificate - 5/15/60-B</td></tr><tr><td>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 rowspan="4">8/1/59</td><td>1-5/8% Certificate - 8/1/59-C</td><td>8/1/58</td><td>13,500</td><td>-</td><td>13,500</td><td>9,128<br>4,152</td><td>221</td><td>4-3/4% Note - 8/15/60-C<br>4-3/4% Note - 5/15/64-A</td></tr><tr><td>4% Note - 8/1/61-A</td><td>8/1/57</td><td>473 16/</td><td>-</td><td>473</td><td>433<br>32</td><td>8</td><td>4-3/4% Note - 8/15/60-C<br>4-3/4% Note - 5/15/64-A</td></tr><tr><td>Total</td><td></td><td>13,973</td><td>-</td><td>13,973</td><td>13,745</td><td>228</td><td>9,561 of Note<br>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-BO</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)
December 1962
53
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>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>(4-3/4% Certificate - 11/15/60-C 4-7/8% Note - 11/15/63-C)</td></tr><tr><td></td><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><td>(4-3/4% Certificate - 11/15/60-C 4-7/8% Note - 11/15/63-C)</td></tr><tr><td></td><td>Total maturities</td><td></td><td>8,894</td><td>-</td><td>8,894</td><td>8,365</td><td>529</td><td></td></tr><tr><td></td><td>4% Note - 8/15/62-B</td><td>9/26/57</td><td>2,000</td><td>-</td><td>2,000</td><td>1,684 17/</td><td>-</td><td>(4-7/8% Note - 11/15/63-C 7,037 of 4-3/4% Certificate 3,011 of 4-7/8% Note</td></tr><tr><td></td><td>Total</td><td></td><td>10,895</td><td>-</td><td>10,895</td><td>10,049</td><td>529</td><td></td></tr><tr><td>12/22/59</td><td>3.565% Bill - 12/22/59</td><td>5/15/59</td><td>1,500</td><td>1,500 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>1/15/60</td><td>3.38% 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></td><td>3-3/4% Certificate - 2/15/60-A</td><td>2/15/59</td><td>11,363</td><td>-</td><td>11,363</td><td>(6,829 4,163)</td><td>370</td><td>(4-7/8% Certificate - 2/15/61-A 4-7/8% Note - 11/15/64-C)</td></tr><tr><td>2/15/60</td><td>1-1/2% Note - 4/1/60-EA</td><td>4/1/55</td><td>198</td><td>-</td><td>198</td><td>(109 32)</td><td>57</td><td>(4-7/8% Certificate - 2/15/61-A 4-7/8% Note - 11/15/64-C 6,938 of 4-7/8% Certificate 4,195 of 4-7/8% Note</td></tr><tr><td></td><td>Total</td><td></td><td>11,561</td><td>-</td><td>11,561</td><td>11,134</td><td>427</td><td></td></tr><tr><td>2/15/60</td><td>4% Note - 8/15/62-B</td><td>9/26/57</td><td>159 13/</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></td><td>3.719% Bill - 3/22/60</td><td>7/8/59</td><td>999</td><td>999</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></td><td>4% Certificate - 5/15/60-B</td><td>5/15/59</td><td>1,269</td><td>-</td><td>1,269</td><td>(928 243)</td><td>98</td><td>(4-3/8% Certificate - 5/15/61-B 4-5/8% Note - 5/15/65-A)</td></tr><tr><td>5/15/60</td><td>3-1/2% Note - 5/15/60-A</td><td>2/15/57</td><td>2,406</td><td>-</td><td>2,406</td><td>(1,038 1,086)</td><td>282</td><td>(4-3/8% Certificate - 5/15/61-B 4-5/8% Note - 5/15/65-A)</td></tr><tr><td></td><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 4-5/8% Note - 5/15/65-A)</td></tr><tr><td></td><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 2,113 of 4-5/8% Note</td></tr><tr><td>6/22/60</td><td>4.783% Bill - 6/22/60</td><td>10/21/59</td><td>2,002</td><td>2,002 3/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><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/ 1,500 21/)</td><td>3,893 320</td><td>-</td><td>(3-3/4% Note - 5/15/64-D 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 3-7/8% Bond - 5/15/68 24/</td></tr><tr><td>10/1/60</td><td>1-1/2% Note - 10/1/60-EO</td><td>10/1/55</td><td>278</td><td>278</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>2-1/2% Bond - 6/15/62-67</td><td>5/5/42</td><td>2,109</td><td>-</td><td>2,109 25/</td><td>643</td><td>-</td><td>(3-1/2% Bond - 11/15/80</td></tr><tr><td>10/3/60 20/</td><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></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 25/</td><td>2,343</td><td>-</td><td>(3-1/2% Bond - 11/15/98</td></tr><tr><td></td><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></td><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></td><td>4-3/4% Certificate - 11/15/60-C</td><td>11/15/59</td><td>7,037</td><td>-</td><td>7,037</td><td>(6,431 335)</td><td>271</td><td>(3-1/4% Note - 2/15/62-F 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 3-3/4% Bond - 5/15/66</td></tr><tr><td></td><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 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></td><td>2-1/4% Bond - 6/15/59-62</td><td>6/1/45</td><td>5,262</td><td>-</td><td>(1,296 1,177)</td><td>-</td><td>-</td><td>(3-5/8% Bond - 11/15/67</td></tr><tr><td>3/15/61 20/</td><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>1,131</td><td>-</td><td></td></tr><tr><td></td><td>2-5/8% Note - 2/15/63-A</td><td>4/15/58</td><td>3,971</td><td>-</td><td>-</td><td>2,438</td><td>-</td><td>(3-3/8% Bond - 11/15/66</td></tr><tr><td></td><td>2-1/2% Bond - 8/15/63</td><td>12/15/54</td><td>6,755</td><td>-</td><td>3,000 28/</td><td>6,041</td><td>-</td><td>(2,438 of 3-3/8% Bond 3,604 of 3-5/8% Bond</td></tr><tr><td></td><td>Total</td><td></td><td>19,436</td><td>-</td><td>8,000</td><td>6,041</td><td>-</td><td></td></tr></table>
Footnotes at end of table.
(Continued on following page)
54
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 of retirement</th><th colspan="3">Called or maturing security 1/</th><th colspan="2">Disposition offers by Treasury</th><th colspan="2">Results of exchange offers</th><th>Description of new security offered (See also Table 4)</th></tr><tr><th></th><th>Description</th><th>Issue date</th><th>Amount outstanding</th><th>Cash retirement</th><th>Exchange security offered</th><th>Exchanged</th><th>Turned in for cash 2/</th><th></th></tr><tr><td colspan="9">(In millions of dollars)</td></tr><tr><td>3/22/61</td><td>2.82% Bill</td><td>7/13/60</td><td>3,512</td><td>3,512 3/</td><td>-</td><td>-</td><td>-</td><td>3% Certificate - 5/15/62-A</td></tr><tr><td>4/1/61</td><td>1-1/2% Note</td><td>4/1/56</td><td>144</td><td>144</td><td>-</td><td>-</td><td>-</td><td>1-1/4% Note - 5/15/63-D</td></tr><tr><td>4/15/61</td><td>4.60% Bill</td><td>4/15/60</td><td>2,001</td><td>2,001 18/</td><td>-</td><td>54</td><td>3,599</td><td>3% Certificate - 5/15/62-A</td></tr><tr><td></td><td>4-3/8% Certificate</td><td>5/15/61-B</td><td>3,674</td><td>3,674</td><td>-</td><td>122</td><td>1,523</td><td>3-1/4% Note - 5/15/63-D</td></tr><tr><td>5/15/61</td><td>3-5/8% Note</td><td>5/15/61-B</td><td>4,078</td><td>4,078</td><td>-</td><td>1,727</td><td>-</td><td></td></tr><tr><td></td><td>Total</td><td>12/1/58</td><td>7,753</td><td>7,753 29/</td><td>-</td><td>2,631</td><td>5,122 30/</td><td></td></tr><tr><td>6/1/61</td><td>3% Bond (Panama Canal loan)</td><td>6/1/61</td><td>50</td><td>50</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>6/22/61</td><td>2.78% Bill</td><td>10/21/60</td><td>3,504</td><td>3,504 2/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td>7/15/61</td><td>3.26% Bill</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</td><td>8/1/61-C</td><td>7,829</td><td>-</td><td>7,829</td><td>4,560</td><td>88</td><td>3-1/4% Note - 11/15/62-H</td></tr><tr><td></td><td>4% Note</td><td>8/1/61-A</td><td>2,136</td><td>-</td><td>2,136</td><td>658</td><td>198</td><td>3-1/4% Note - 11/15/62-H</td></tr><tr><td></td><td></td><td>8/1/57</td><td>2,136</td><td>-</td><td>2,136</td><td>991</td><td>-</td><td>3-3/4% Bond - 8/15/64-E</td></tr><tr><td></td><td></td><td>8/1/57</td><td>289</td><td>-</td><td>289</td><td>289</td><td>-</td><td>3-7/8% Bond - 5/15/68</td></tr><tr><td>8/1/61</td><td>2-3/4% Bond</td><td>11/9/53</td><td>2,239</td><td>-</td><td>2,239</td><td>681</td><td>348</td><td>3-1/4% Note - 11/15/62-H</td></tr><tr><td></td><td>1-1/2% Note</td><td>10/1/56</td><td>332</td><td>-</td><td>332</td><td>183</td><td>52</td><td>3-1/4% Note - 11/15/62-H</td></tr><tr><td></td><td></td><td>10/1/56</td><td>332</td><td>-</td><td>332</td><td>89</td><td>-</td><td>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>11,850</td><td>686</td><td></td></tr><tr><td></td><td>2-1/2% Bond</td><td>3/15/65-70</td><td>4,688</td><td>-</td><td>4,688</td><td>1,035</td><td>-</td><td>6,082 of 3-1/4% Note</td></tr><tr><td></td><td></td><td>2/1/44</td><td>4,688</td><td>-</td><td>4,688</td><td>722</td><td>-</td><td>749 of 3-7/8% Bond</td></tr><tr><td>9/15/61 20</td><td>2-1/2% Bond</td><td>3/15/66-71</td><td>2,927</td><td>-</td><td>2,927</td><td>238</td><td>-</td><td>3-1/2% Bond - 11/15/80 24/</td></tr><tr><td></td><td></td><td>12/1/44</td><td>2,927</td><td>-</td><td>2,927</td><td>576</td><td>-</td><td>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>1,273</td><td>-</td><td>3-1/2% Bond - 11/15/80 24/</td></tr><tr><td></td><td>2-1/2% Bond</td><td>3/15/66-71</td><td>2,927</td><td>-</td><td>2,927</td><td>692</td><td>-</td><td>3-1/2% Bond - 11/15/98 24/</td></tr><tr><td>9/22/61</td><td>2.47% Bill</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>3.13% Bill</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</td><td>2/15/54</td><td>6,963</td><td>-</td><td>6,963</td><td>3,642</td><td>419</td><td>3-1/4% Note - 2/15/63-E</td></tr><tr><td></td><td></td><td>2/15/54</td><td>6,963</td><td>-</td><td>6,963</td><td>2,384</td><td>-</td><td>3-3/4% Bond - 5/15/66 24/</td></tr><tr><td>1/15/62</td><td>2.67% Bill</td><td>1/15/61</td><td>1,502</td><td>1,502 18/</td><td>-</td><td>-</td><td>-</td><td></td></tr><tr><td></td><td>3-5/8% Note</td><td>2/15/62-A</td><td>647</td><td>-</td><td>647</td><td>282</td><td>62</td><td>3-1/2% Certificate - 2/15/63-A</td></tr><tr><td></td><td>4% Note</td><td>2/15/62-D</td><td>1,435</td><td>-</td><td>1,435</td><td>303</td><td>127</td><td>4% Note - 8/15/66-A</td></tr><tr><td>2/15/62</td><td>3-1/4% Note</td><td>11/15/60</td><td>9,098</td><td>-</td><td>9,098</td><td>452</td><td>140</td><td>3-1/2% Certificate - 2/15/63-A</td></tr><tr><td></td><td>1-1/2% Note</td><td>4/1/57</td><td>551</td><td>-</td><td>551</td><td>370</td><td>86</td><td>3-1/2% Certificate - 8/15/66-A</td></tr><tr><td></td><td>Total</td><td></td><td>11,731</td><td>-</td><td>11,731</td><td>11,316</td><td>415</td><td>6,862 of 3-1/2% Certificate</td></tr><tr><td></td><td>3% Bond</td><td>2/15/64</td><td>3,854</td><td>-</td><td>3,854</td><td>1,154</td><td>-</td><td>4% Bond - 8/15/71</td></tr><tr><td></td><td>2-5/8% Bond</td><td>2/15/65</td><td>6,896</td><td>-</td><td>6,896</td><td>1,651</td><td>-</td><td>4% Bond - 8/15/71</td></tr><tr><td></td><td></td><td>6/15/58</td><td>6,896</td><td>-</td><td>6,896</td><td>563</td><td>-</td><td>2/15/80 24/</td></tr><tr><td>3/1/62 20</td><td>2-1/2% Bond</td><td>6/1/45</td><td>1,757</td><td>-</td><td>1,757</td><td>233</td><td>-</td><td>3-1/2% Bond - 2/15/90 24/</td></tr><tr><td></td><td>2-1/2% Bond</td><td>9/15/67-72</td><td>2,716</td><td>-</td><td>2,716</td><td>181</td><td>-</td><td>3-1/2% Bond - 11/15/98 24/</td></tr><tr><td></td><td>2-1/2% Bond</td><td>10/20/41</td><td>2,716</td><td>-</td><td>2,716</td><td>345</td><td>-</td><td>3-1/2% Bond - 2/15/90 24/</td></tr><tr><td></td><td>2-1/2% Bond</td><td>11/15/45</td><td>3,515</td><td>-</td><td>3,515</td><td>420</td><td>-</td><td>3-1/2% Bond - 11/15/98 24/</td></tr><tr><td></td><td>Total</td><td></td><td>18,739</td><td>-</td><td>18,739</td><td>2,806</td><td>-</td><td>4% Bond - 8/15/71</td></tr><tr><td></td><td></td><td></td><td>563</td><td>-</td><td>563</td><td>933</td><td>-</td><td>2/15/80 24/</td></tr><tr><td></td><td></td><td></td><td>933</td><td>-</td><td>933</td><td>233</td><td>-</td><td>2/15/90 24/</td></tr><tr><td></td><td></td><td></td><td>181</td><td>-</td><td>181</td><td>345</td><td>-</td><td>11/15/98 24/</td></tr></table>
Footnotes at end of table.
(Continued on following page)
December 1962
55
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>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>Ex-changed</th><th>Turned in for cash 2/</th></tr><tr><td>3/23/62 4/15/62</td><td>2.484% Bill 2.827% Bill 3% Cert. 4% Note 2-1/4% Bond</td><td>- 3/23/62 4/15/62 5/15/62 5/15/62 6/15/62</td><td>7/26/61 4/15/61 5/15/61 4/14/60 6/1/45</td><td>3,503 2,000 5,509 2,211 3,963</td><td>3,503 2/ 2,000 18/ - 5,509 - 3,963</td><td>(In millions of dollars) - - 3,807 1,138 465 928 842 284 1,951 1,134 455</td><td>- - 3-1/4% Cert. 3-5/8% Note 3-7/8% Bond 3-1/4% Cert. 3-5/8% Note 3-7/8% Bond 3-1/4% Cert. 3-5/8% Note 3-7/8% Bond</td><td>- - 5/15/63-D 2/15/66-B 11/15/71 - 5/15/63-B 2/15/66-B 11/15/71 - 5/15/63-B 2/15/66-B 11/15/71</td></tr><tr><td>5/15/62</td><td>Total</td><td></td><td>11,684</td><td>-</td><td>11,684</td><td>11,004</td><td>680</td><td>6,686p of 3-1/4% Cert. 3,114p of 3-5/8% Note 1,204p of 3-7/8% Bond</td></tr><tr><td>6/22/62 7/16/62</td><td>2.705% Bill 2.908% Bill 4% Note</td><td>- 6/22/62 7/15/62 8/15/62</td><td>9/27/61 7/15/61 9/26/57</td><td>2,511 2/ 2,004 18/ 158</td><td>- - 158</td><td>- - 2p 2p</td><td>- 154p</td><td>3-1/2% Cert. 4% Bond 4-1/4% Bond 3-1/2% Cert. 4% Bond 4-1/4% Bond</td><td>- 8/15/63-C 2/15/69 - 8/15/63-C 2/15/69 - 8/15/87-92</td></tr><tr><td>8/15/62</td><td>3-1/4% Note Total 3-1/2% Cert. 2-5/8% Note 3-1/4% Note 3-1/4% Cert. 3-1/4% Note 4% Note</td><td>- 8/15/62 2/15/63-A 2/15/63-A 4/15/58 2/15/63-E 11/15/61 5/15/63-B 5/15/63-D 4/1/59</td><td>2/15/61 2/15/62 4/15/58 11/15/61 5/15/62 5/15/61 4/1/59</td><td>7,325 7,483 6,862 2,839 3,642 6,686 5,047 1,743</td><td>7,325 7,483 22/ - - 34/</td><td>3,780p 6p 5p 3,795p 772p 370p 1,093p 259p 953p 449p 981p 402p 1,301p 720p 181p 379p</td><td>3,534p - - 3,688p 23/ - - - - - - -</td><td>3-3/4% Note 8/15/72 - 3-3/4% Note 8/15/72 - 3-3/4% Note 8/15/72 - 3-3/4% Note 8/15/72 - 3-3/4% Note 8/15/72 - 3-3/4% Note 8/15/72 - 3-3/4% Note 8/15/72 -</td><td>- 8/15/67-A 8/15/72 - 8/15/67-A 8/15/72 - 8/15/67-A 8/15/72 - 8/15/67-A 8/15/72 - 8/15/67-A 8/15/72 -</td></tr><tr><td>9/15/62 20/ 9/21/62 10/1/62 10/15/62</td><td>Total 2.896% Bill 1-1/2% Note 2.975% Bill 3-3/4% Note 3-1/4% Note 2-1/4% Bond 2-3/4% Bond</td><td>- 9/21/62 10/1/62 10/15/62 11/15/62-1 11/15/62-H 12/15/59-62 11/15/45 12/15/60-65 35 12/15/38</td><td>3/23/62 10/1/57 10/16/61 11/29/57 8/1/61 11/15/45 12/15/38</td><td>1,802 590 2,003 1,143 6,082 2,269 1,485</td><td>1,802 2/ 590 - 2,003 18/ - - 1,143 - 6,082 - 2,269 - 1,485 -</td><td>7,860p 121p 484p 446p 4,044p 1,281p 645p 569p 808p 674p 121p 713p 579p</td><td>- 92p 112p 219p 73p</td><td>5,282p of 2-3/4% Note 2,579p of 4% Bond 3-1/8% Cert. 3-1/2% Note 4% Bond 3-1/8% Cert. 3-1/2% Note 4% Bond 3-1/8% Cert. 3-1/2% Note 4% Bond</td><td>- 11/15/63-D 11/15/65-B 2/15/72 - 11/15/63-D 11/15/65-B 2/15/72 - 11/15/63-D 11/15/65-B 2/15/72 -</td></tr><tr><td>11/15/62</td><td>Total</td><td></td><td>10,979</td><td>-</td><td>10,979</td><td>10,485p</td><td>495p</td><td>4,856p of 3-1/8% Cert. 3,286p of 3-1/2% Note 2,344p of 4% Bond</td><td></td></tr></table>
Source: Bureau of the Public Debt. Preliminary figures are from sub-scription and allotment reports; final figures are on "clearance basis" in daily Treasury statement.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
3/ Tax anticipation issue; for detail of offerings beginning 1953, see Table 4; for amounts redeemed for taxes and for cash see "Note" below.
4/ On November 9, 1953, the Treasury purchased from the Federal Reserve System and retired $500 million of the 2-1/8% Treasury notes maturing December 1, 1953. For further detail see "Treasury Bulletin" for November 1953, page A-1.
5/ 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.
7/ Reopening of August 3, 1954, offering (see Table 4).
5/ Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity in payment of income and profits taxes due June 15, 1956.
2/ Reopening of May 3, 1955, offering (see Table 4).
Remaining footnotes on following page.
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 6.- (Continued)
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, $4.91 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/ On March 14, 1958, for redemption on September 15, 1958, represents amount which owners exercised the option to redeem on August 1, 1959 (see Table 4, footnote 22).
16/ 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.
17/ Rolled over into a one-year bill (see Table 4).
18/ Amount which owners exercised the option to redeem on February 15, 1960 (see Table 4, footnote 24).
19/ 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.
20/ 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 an application was received by 10 p.m. the preceding limits of $3.5 billion for the notes and $1 billion for the bonds.
21/ 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 $8.3/4 billion. For detail of offering, see Table 4.
22/ 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).
23/ Reopening of an earlier issue.
24/ 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 3-7/8% 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.
25/ 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.
26/ 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).
27/ For calendar 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 $1 billion for the bonds of 1966.
28/
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 $5,250 million offering of 3 1/4% certificates or the $2,500 million offering of 3-1/4% notes. For detail of offering, see Table 4.
20/ 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).
11/ $1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see Table 4).
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 $6,500 million offering of 3-1/2% certificates, the $1,500 million offering of 4% bonds, or the $750 million offering of 4-1/4% bonds. For detail of offering, see Table 4.
23/ Excess of maturing 4% notes and 3-1/4% notes over allotments of new securities on subscriptions from holders of those notes (see Table 4, footnotes 70 and 71).
24/ From September 10 through September 12, 1962, owners of securities maturing February 15, 1963 (3-1/2% certificates, 2-5/8% notes, 3-1/4% notes), and May 15, 1963 (3-1/4% certificates, 3-1/4% notes, 4% notes) were granted the option of exchanging their holdings, subject to allotment if subscriptions exceeded the offering limits of $6 billion for the notes and $3 billion for the bonds.
25/ Called on August 14, 1962, for redemption on December 15, 1962.
p Preliminary.
Note: Information on retirement of tax anticipation issues referred to in footnote 3, in millions of dollars:
<table><tr><th>Date of retirement</th><th>Security</th><th>Total amount retired</th><th>Redeemed for taxes</th><th>Redeemed for cash</th></tr><tr><td>3/18/53</td><td>Bill</td><td>2,502</td><td>1,238</td><td>1,264</td></tr><tr><td>6/19/53</td><td>Bill</td><td>2,003</td><td>1,157</td><td>846</td></tr><tr><td>9/18/53</td><td>Bill</td><td>800</td><td>162</td><td>638</td></tr><tr><td>3/22/54</td><td>Certificate</td><td>5,902</td><td>2,669</td><td>3,233</td></tr><tr><td>6/18/54</td><td>Bill</td><td>1,001</td><td>621</td><td>380</td></tr><tr><td>6/24/54</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>6/23/56</td><td>Certificate</td><td>2,970</td><td>1,891</td><td>1,079</td></tr><tr><td>3/22/57</td><td>Bill</td><td>1,006</td><td>473</td><td>533</td></tr><tr><td>3/22/57</td><td>Certificate</td><td>3,221</td><td>1,922</td><td>1,299</td></tr><tr><td>6/24/57</td><td>Bill</td><td>1,601</td><td>1,664</td><td>1,687</td></tr><tr><td>6/24/57</td><td>Bill</td><td>1,750</td><td></td><td></td></tr><tr><td>6/24/57</td><td>Certificate</td><td>1,312</td><td>620</td><td>692</td></tr><tr><td>9/23/57</td><td>Bill</td><td>1,501</td><td>613</td><td>888</td></tr><tr><td>3/24/58</td><td>Bill</td><td>3,002</td><td>1,826</td><td>1,176</td></tr><tr><td>3/24/59</td><td>Certificate</td><td>3,567</td><td>1,642</td><td>1,925</td></tr><tr><td>6/22/59</td><td>Bill</td><td>2,997</td><td>1,377</td><td>1,620</td></tr><tr><td>9/21/59</td><td>Bill</td><td>1,502</td><td>860</td><td>642</td></tr><tr><td>12/22/59</td><td>Bill</td><td>1,500</td><td>762</td><td>738</td></tr><tr><td>3/22/60</td><td>Bill</td><td>3,005</td><td>2,251</td><td>1,753</td></tr><tr><td>3/22/60</td><td>Bill</td><td>999</td><td></td><td></td></tr><tr><td>6/22/60</td><td>Bill</td><td>2,002</td><td>1,916</td><td>2,102</td></tr><tr><td>6/22/60</td><td>Bill</td><td>2,016</td><td></td><td></td></tr><tr><td>3/22/61</td><td>Bill</td><td>3,512</td><td>1,680</td><td>1,832</td></tr><tr><td>6/22/61</td><td>Bill</td><td>3,504</td><td>1,606</td><td>1,898</td></tr><tr><td>9/22/61</td><td>Bill</td><td>1,503</td><td>928</td><td>575</td></tr><tr><td>3/23/62</td><td>Bill</td><td>3,503</td><td>1,766</td><td>1,737 21</td></tr><tr><td>6/22/62</td><td>Bill</td><td>2,511</td><td>1,651</td><td>860</td></tr><tr><td>9/21/62</td><td>Bill</td><td>1,802</td><td>1,051</td><td>751</td></tr></table>
December 1962
57
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 Bulletins of April 1951, May 1952, May 1957, October and December 1959, and May and October 1961.
Table 1.- Sales and Redemption by Series, Cumulative through November 30, 1962
(In millions of dollars)
<table><tr><th rowspan="2">Series</th><th rowspan="2">Sales 1/</th><th rowspan="2">Accrued discount</th><th rowspan="2">Sales plus accrued discount</th><th rowspan="2">Redemptions 1/</th><th colspan="2">Amount outstanding</th></tr><tr><th>Interest-bearing debt</th><th>Matured noninterest-bearing debt</th></tr><tr><td>Series A-D 2/</td><td>3,949</td><td>1,054</td><td>5,003</td><td>4,988</td><td>-</td><td>15</td></tr><tr><td>Series E and H,</td><td>113,151</td><td>18,112</td><td>131,262</td><td>85,880</td><td>45,383</td><td>-</td></tr><tr><td>Series F, G, J, and K</td><td>31,951</td><td>1,254</td><td>33,205</td><td>30,702</td><td>2,338</td><td>165</td></tr><tr><td>Total A-K</td><td>149,051</td><td>20,420</td><td>169,471</td><td>121,570</td><td>47,720</td><td>180</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 2/</th><th colspan="2">Amount outstanding</th></tr><tr><th></th><th></th><th></th><th></th><th>Total</th><th>Sales price 3/</th><th>Accrued discount 3/</th><th>Interest-bearing debt</th><th>Matured noninterest-bearing 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 5/</td><td>6,473</td><td>1,231</td><td>7,704</td><td>7,251</td><td>6,487</td><td>764</td><td>58,365</td><td>277</td></tr><tr><td>1956</td><td>5,846</td><td>1,214</td><td>7,060</td><td>7,846</td><td>7,018</td><td>828</td><td>57,497</td><td>360</td></tr><tr><td>1957</td><td>4,181</td><td>1,216</td><td>6,397</td><td>8,958</td><td>8,055</td><td>903</td><td>51,622</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>7,671r</td><td>873r</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>50,403</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>1962</td><td>4,421</td><td>1,358</td><td>5,780</td><td>5,716</td><td>4,934</td><td>782</td><td>47,607</td><td>211</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>1961</td><td>4,539</td><td>1,322</td><td>5,861</td><td>5,599</td><td>4,842</td><td>754</td><td>47,458</td><td>335</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>1962-January</td><td>476</td><td>135</td><td>611</td><td>621</td><td>527</td><td>94</td><td>47,500</td><td>283</td></tr><tr><td>February</td><td>362</td><td>105</td><td>467</td><td>442</td><td>378</td><td>64</td><td>47,549</td><td>259</td></tr><tr><td>March</td><td>374</td><td>112</td><td>485</td><td>479</td><td>416</td><td>63</td><td>47,569</td><td>245</td></tr><tr><td>April</td><td>349</td><td>107</td><td>456</td><td>458</td><td>395</td><td>63</td><td>47,581</td><td>231</td></tr><tr><td>May</td><td>353</td><td>101</td><td>454</td><td>460</td><td>391</td><td>69</td><td>47,585</td><td>220</td></tr><tr><td>June</td><td>363</td><td>130</td><td>493</td><td>481</td><td>408</td><td>73</td><td>47,607</td><td>211</td></tr><tr><td>July</td><td>358</td><td>136</td><td>494</td><td>453</td><td>383</td><td>70</td><td>47,653</td><td>206</td></tr><tr><td>August</td><td>360</td><td>108</td><td>468</td><td>429</td><td>364</td><td>65</td><td>47,697</td><td>201</td></tr><tr><td>September</td><td>301</td><td>115</td><td>416</td><td>402</td><td>341</td><td>60</td><td>47,717</td><td>194</td></tr><tr><td>October</td><td>360</td><td>109</td><td>469</td><td>514</td><td>442</td><td>72</td><td>47,680</td><td>187</td></tr><tr><td>November</td><td>327</td><td>109</td><td>436</td><td>402</td><td>343</td><td>59</td><td>47,720</td><td>180</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
58
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>Total</th><th>Sales price 2/</th><th>Accrued discount 2/</th><th>Interest-bearing debt</th><th>Matured noninterest-bearing 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>Redemptions 1/</td><td></td><td colspan="2">Amount outstanding</td></tr><tr><td>1941-1954 3/</td><td>73,979</td><td>8,061</td><td>82,040</td><td>44,558</td><td>42,058</td><td>2,500</td><td>37,482</td><td>-</td></tr><tr><td>1955 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>4,432r</td><td>755r</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>43,806</td><td>-</td></tr><tr><td>1961</td><td>4,454</td><td>1,254</td><td>5,717</td><td>4,627</td><td>3,906</td><td>721</td><td>44,955</td><td>-</td></tr><tr><td>1962</td><td>4,421</td><td>1,331</td><td>5,753</td><td>4,603</td><td>3,873</td><td>731</td><td></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>1961</td><td>4,539</td><td>1,293</td><td>5,832</td><td>4,484</td><td>3,781</td><td>703</td><td>44,485</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>1962-January</td><td>476</td><td>132</td><td>608</td><td>483</td><td>395</td><td>89</td><td>44,610</td><td>-</td></tr><tr><td>February</td><td>362</td><td>102</td><td>465</td><td>376</td><td>315</td><td>61</td><td>44,699</td><td>-</td></tr><tr><td>March</td><td>374</td><td>110</td><td>483</td><td>396</td><td>338</td><td>59</td><td>44,786</td><td>-</td></tr><tr><td>April</td><td>349</td><td>104</td><td>454</td><td>401</td><td>342</td><td>59</td><td>44,839</td><td>-</td></tr><tr><td>May</td><td>353</td><td>99</td><td>452</td><td>402</td><td>337</td><td>66</td><td>44,888</td><td>-</td></tr><tr><td>June</td><td>363</td><td>128</td><td>491</td><td>424</td><td>355</td><td>70</td><td>44,955</td><td>-</td></tr><tr><td>July</td><td>358</td><td>134</td><td>492</td><td>398</td><td>330</td><td>67</td><td>45,049</td><td>-</td></tr><tr><td>August</td><td>360</td><td>106</td><td>466</td><td>386</td><td>323</td><td>63</td><td>45,130</td><td>-</td></tr><tr><td>September</td><td>301</td><td>113</td><td>414</td><td>360</td><td>302</td><td>58</td><td>45,184</td><td>-</td></tr><tr><td>October</td><td>360</td><td>107</td><td>466</td><td>366</td><td>306</td><td>61</td><td>45,284</td><td>-</td></tr><tr><td>November</td><td>327</td><td>107</td><td>434</td><td>335</td><td>282</td><td>54</td><td>45,383</td><td>-</td></tr></table>
Series F, G, J, and K combined 5/
<table><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 ¼</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 ¼</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>325</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><td>1962</td><td>-</td><td>27</td><td>27</td><td>1,110 2/</td><td>1,059</td><td>51</td><td>2,652</td><td>196</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>30,472</td><td>784</td><td>31,256</td><td>11,198 6/</td><td>10,932</td><td>267</td><td>19,439</td><td>619</td></tr><tr><td>1955</td><td>907</td><td>103</td><td>1,010</td><td>2,636</td><td>2,510</td><td>126</td><td>17,861</td><td>571</td></tr><tr><td>1956</td><td>475</td><td>92</td><td>567</td><td>3,422</td><td>3,250</td><td>173</td><td>14,895</td><td>681</td></tr><tr><td>1957</td><td>98</td><td>74</td><td>172</td><td>4,153</td><td>3,982</td><td>171</td><td>10,896</td><td>698</td></tr><tr><td>1958</td><td>*</td><td>58</td><td>58</td><td>2,395</td><td>2,318</td><td>77</td><td>8,603</td><td>655</td></tr><tr><td>1959</td><td>*</td><td>52</td><td>52</td><td>3,246</td><td>3,122</td><td>125</td><td>5,594</td><td>468</td></tr><tr><td>1960</td><td>*</td><td>38</td><td>38</td><td>1,732 7/ 8/</td><td>1,646</td><td>86</td><td>4,022</td><td>348</td></tr><tr><td>1961</td><td>-</td><td>29</td><td>29</td><td>1,108 3/ 2/</td><td>1,058</td><td>50</td><td>2,973</td><td>318</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>1962-January</td><td>-</td><td>2</td><td>2</td><td>138 2/</td><td>132</td><td>6</td><td>2,889</td><td>266</td></tr><tr><td>February</td><td>-</td><td>3</td><td>3</td><td>66 3/</td><td>62</td><td>3</td><td>2,850</td><td>242</td></tr><tr><td>March</td><td>-</td><td>2</td><td>2</td><td>82 2/</td><td>78</td><td>4</td><td>2,783</td><td>228</td></tr><tr><td>April</td><td>-</td><td>2</td><td>2</td><td>56 2/</td><td>53</td><td>3</td><td>2,742</td><td>215</td></tr><tr><td>May</td><td>-</td><td>2</td><td>2</td><td>58 2/</td><td>54</td><td>3</td><td>2,697</td><td>204</td></tr><tr><td>June</td><td>-</td><td>2</td><td>2</td><td>56 2/</td><td>53</td><td>3</td><td>2,652</td><td>196</td></tr><tr><td>July</td><td>-</td><td>2</td><td>2</td><td>55</td><td>53</td><td>2</td><td>2,604</td><td>190</td></tr><tr><td>August</td><td>-</td><td>2</td><td>2</td><td>44</td><td>41</td><td>2</td><td>2,567</td><td>186</td></tr><tr><td>September</td><td>-</td><td>2</td><td>2</td><td>42</td><td>39</td><td>2</td><td>2,534</td><td>179</td></tr><tr><td>October</td><td>-</td><td>2</td><td>2</td><td>148</td><td>136</td><td>12</td><td>2,396</td><td>172</td></tr><tr><td>November</td><td>-</td><td>2</td><td>2</td><td>67</td><td>61</td><td>5</td><td>2,338</td><td>165</td></tr></table>
Footnotes at end of Table 4.
(Continued on following page)
December 1962
59
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>Total</th><th>Sales price 3/</th><th>Accrued discount 3/</th><th>Exchanges of E bonds for H bonds</th><th>Amount outstanding (interest-bearing debt)</th></tr><tr><td colspan="9">Series E</td></tr><tr><td colspan="9">Fiscal years:</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>4,196r</td><td>755r</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>1962</td><td>3,674</td><td>1,331</td><td>5,005</td><td>4,433</td><td>3,613</td><td>731</td><td>219</td><td>38,260</td></tr><tr><td colspan="9">Calendar years:</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>1961</td><td>3,711</td><td>1,293</td><td>5,003</td><td>4,249</td><td>3,546</td><td>703</td><td>212</td><td>38,140</td></tr><tr><td colspan="9">Months:</td></tr><tr><td>1962-January</td><td>379</td><td>132</td><td>512</td><td>464</td><td>375</td><td>89</td><td>29</td><td>38,160</td></tr><tr><td>February</td><td>303</td><td>102</td><td>405</td><td>357</td><td>296</td><td>61</td><td>21</td><td>38,187</td></tr><tr><td>March</td><td>313</td><td>110</td><td>422</td><td>368</td><td>309</td><td>59</td><td>20</td><td>38,222</td></tr><tr><td>April</td><td>291</td><td>104</td><td>395</td><td>378</td><td>319</td><td>59</td><td>17</td><td>38,222</td></tr><tr><td>May</td><td>314</td><td>99</td><td>413</td><td>378</td><td>312</td><td>66</td><td>15</td><td>38,242</td></tr><tr><td>June</td><td>307</td><td>128</td><td>435</td><td>400</td><td>330</td><td>70</td><td>17</td><td>38,260</td></tr><tr><td>July</td><td>296</td><td>134</td><td>430</td><td>372</td><td>304</td><td>67</td><td>17</td><td>38,302</td></tr><tr><td>August</td><td>311</td><td>106</td><td>417</td><td>361</td><td>298</td><td>63</td><td>14</td><td>38,344</td></tr><tr><td>September</td><td>261</td><td>113</td><td>375</td><td>334</td><td>275</td><td>58</td><td>12</td><td>38,373</td></tr><tr><td>October</td><td>311</td><td>107</td><td>418</td><td>342</td><td>281</td><td>61</td><td>13</td><td>38,436</td></tr><tr><td>November</td><td>282</td><td>107</td><td>390</td><td>313</td><td>259</td><td>54</td><td>13</td><td>38,500</td></tr><tr><td colspan="9">Series H</td></tr><tr><td colspan="9">Fiscal years:</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>1962</td><td>747</td><td>-</td><td>747</td><td>260</td><td>260</td><td>-</td><td>219</td><td>6,695</td></tr><tr><td colspan="9">Calendar years:</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>1961</td><td>828</td><td>-</td><td>828</td><td>235</td><td>235</td><td>-</td><td>212</td><td>6,345</td></tr><tr><td colspan="9">Months:</td></tr><tr><td>1962-January</td><td>96</td><td>-</td><td>96</td><td>20</td><td>20</td><td>-</td><td>29</td><td>6,451</td></tr><tr><td>February</td><td>59</td><td>-</td><td>59</td><td>19</td><td>19</td><td>-</td><td>21</td><td>6,512</td></tr><tr><td>March</td><td>61</td><td>-</td><td>61</td><td>29</td><td>29</td><td>-</td><td>20</td><td>6,564</td></tr><tr><td>April</td><td>58</td><td>-</td><td>58</td><td>23</td><td>23</td><td>-</td><td>17</td><td>6,616</td></tr><tr><td>May</td><td>39</td><td>-</td><td>39</td><td>25</td><td>25</td><td>-</td><td>15</td><td>6,646</td></tr><tr><td>June</td><td>56</td><td>-</td><td>56</td><td>24</td><td>24</td><td>-</td><td>17</td><td>6,699</td></tr><tr><td>July</td><td>62</td><td>-</td><td>62</td><td>26</td><td>26</td><td>-</td><td>17</td><td>6,747</td></tr><tr><td>August</td><td>49</td><td>-</td><td>49</td><td>25</td><td>25</td><td>-</td><td>14</td><td>6,786</td></tr><tr><td>September</td><td>39</td><td>-</td><td>39</td><td>27</td><td>27</td><td>-</td><td>12</td><td>6,811</td></tr><tr><td>October</td><td>48</td><td>-</td><td>48</td><td>24</td><td>24</td><td>-</td><td>13</td><td>6,848</td></tr><tr><td>November</td><td>45</td><td>-</td><td>45</td><td>23</td><td>23</td><td>-</td><td>13</td><td>6,883</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Footnotes at end of Table 4.
60
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 10/</th></tr><tr><th></th><th></th><th>Total</th><th>Series E and H</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>3,304</td><td>1,012</td><td>1</td></tr><tr><td>1953</td><td>5,621</td><td>1,761</td><td>1,128</td><td>633 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 9/</td><td>3,589</td><td>2,715</td><td>874</td><td>179</td></tr><tr><td>1955</td><td>7,251</td><td>3,941</td><td>1,826</td><td>2,115</td><td>3,394</td><td>2,775</td><td>619</td><td>-84</td></tr><tr><td>1956</td><td>7,846</td><td>4,263</td><td>1,917</td><td>2,343</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>1962</td><td>5,716</td><td>2,593</td><td>1,668</td><td>925 2/</td><td>3,070</td><td>2,875</td><td>196</td><td>53</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>1961</td><td>5,595</td><td>2,555</td><td>1,633</td><td>922 8/ 9/</td><td>3,100</td><td>2,899</td><td>201</td><td>-60</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>1962-January</td><td>621</td><td>199</td><td>127</td><td>72 9/</td><td>251</td><td>238</td><td>14</td><td>171</td></tr><tr><td>February</td><td>442</td><td>307</td><td>206</td><td>101 9/</td><td>242</td><td>223</td><td>19</td><td>-107</td></tr><tr><td>March</td><td>479</td><td>197</td><td>145</td><td>52 9/</td><td>266</td><td>251</td><td>13</td><td>16</td></tr><tr><td>April</td><td>458</td><td>201</td><td>146</td><td>56 9/</td><td>268</td><td>243</td><td>25</td><td>-11</td></tr><tr><td>May</td><td>460</td><td>198</td><td>154</td><td>44 9/</td><td>261</td><td>248</td><td>13</td><td>1</td></tr><tr><td>June</td><td>481</td><td>166</td><td>128</td><td>39 9/</td><td>271</td><td>256</td><td>15</td><td>44</td></tr><tr><td>July</td><td>453</td><td>138</td><td>108</td><td>30</td><td>237</td><td>222</td><td>15</td><td>77</td></tr><tr><td>August</td><td>429</td><td>106</td><td>86</td><td>20</td><td>210</td><td>195</td><td>15</td><td>113</td></tr><tr><td>September</td><td>402</td><td>186</td><td>153</td><td>33</td><td>215</td><td>214</td><td>2</td><td>1</td></tr><tr><td>October</td><td>514</td><td>179</td><td>148</td><td>31</td><td>243</td><td>230</td><td>13</td><td>92</td></tr><tr><td>November</td><td>402</td><td>176</td><td>145</td><td>31</td><td>286</td><td>274</td><td>12</td><td>-60</td></tr></table>
Source: Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary.
Note: In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at current redemption value. Series G, H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured F and G bonds outstanding are included in the interest-bearing column. 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
reports of classified redemptions. All periods shown have been revised on this basis.
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 issue of Series E and H, $17 million for issue 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 3-1/4% marketable bonds of 1978-83.
7/ Includes exchanges of Series 1948 F and G bonds for 4-3/4% marketable notes of 1964.
8/ Includes exchanges of Series 1949 F and G bonds for 4% marketable bonds of 1969.
9/ Includes exchanges of Series 1950 F and G bonds for 3-7/8% marketable bonds of 1968.
10/ Represents changes in the amounts of redemptions not yet classified between matured and unmaturing issues.
* Less than $500,000. r Revised.
December 1962
61
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>End of fiscal year or month</th><th>Total Federal securities outstanding 1/</th><th colspan="5">Interest-bearing securities issued by the U. S. Government</th><th colspan="3">Interest-bearing securities guaranteed by the U. S. Government 4/</th><th>Matured debt and debt bearing no interest</th></tr><tr><th></th><th></th><th>Total outstanding</th><th colspan="3">Held by U. S. Government investment accounts 2/</th><th>Held by Federal Reserve Banks - public issues</th><th colspan="2">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><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>Public issues</th><th>Special issues</th><th></th><th>Total</th><th>Public market-able issues</th><th>Public non-market-able issues</th><th></th><th></th><th></th></tr><tr><td>1955</td><td>274,418</td><td>271,741</td><td>50,536</td><td>7,286</td><td>43,250</td><td>23,607</td><td>197,598</td><td>127,875</td><td>69,723</td><td>43</td><td>3</td><td>41</td><td>2,634</td></tr><tr><td>1956</td><td>272,825</td><td>269,883</td><td>53,470</td><td>8,356</td><td>45,114</td><td>23,758</td><td>192,655</td><td>126,304</td><td>66,351</td><td>73</td><td>25</td><td>48</td><td>2,869</td></tr><tr><td>1957</td><td>270,634</td><td>268,486</td><td>55,501</td><td>8,674</td><td>46,827</td><td>23,035</td><td>189,949</td><td>127,179</td><td>62,770</td><td>106</td><td>50</td><td>56</td><td>2,042</td></tr><tr><td>1958</td><td>276,444</td><td>274,698</td><td>55,842</td><td>9,596</td><td>46,246</td><td>25,438</td><td>193,418</td><td>134,593</td><td>58,825</td><td>101</td><td>54</td><td>46</td><td>1,646</td></tr><tr><td>1959</td><td>284,817</td><td>281,833</td><td>54,554</td><td>9,799</td><td>44,756</td><td>26,044</td><td>201,235</td><td>144,983</td><td>56,252</td><td>110</td><td>63</td><td>47</td><td>2,873</td></tr><tr><td>1960</td><td>286,471</td><td>283,241</td><td>55,259</td><td>10,360</td><td>44,899</td><td>26,523</td><td>201,459</td><td>149,546</td><td>51,913</td><td>139</td><td>79</td><td>60</td><td>3,090</td></tr><tr><td>1961</td><td>289,211</td><td>285,672</td><td>56,002</td><td>10,959</td><td>45,043</td><td>27,253</td><td>202,417</td><td>151,392</td><td>51,025</td><td>240</td><td>87</td><td>153</td><td>3,300</td></tr><tr><td>1962</td><td>298,645</td><td>294,442</td><td>56,296</td><td>11,357</td><td>44,939</td><td>29,663</td><td>208,483</td><td>157,418</td><td>51,065</td><td>444</td><td>167</td><td>277</td><td>3,759</td></tr><tr><td>1961-December</td><td>296,499</td><td>292,689</td><td>54,406</td><td>10,886</td><td>43,520</td><td>28,881</td><td>209,402</td><td>158,600</td><td>50,803</td><td>330</td><td>119</td><td>211</td><td>3,480</td></tr><tr><td>1962-January</td><td>296,860</td><td>293,111</td><td>53,630</td><td>11,325</td><td>42,304</td><td>28,532</td><td>210,949</td><td>160,154</td><td>50,794</td><td>344</td><td>129</td><td>215</td><td>3,405</td></tr><tr><td>February</td><td>297,354</td><td>293,549</td><td>54,021</td><td>11,270</td><td>42,751</td><td>28,360</td><td>211,168</td><td>160,348</td><td>50,820</td><td>369</td><td>134</td><td>235</td><td>3,436</td></tr><tr><td>March</td><td>296,489</td><td>292,485</td><td>54,314</td><td>11,505</td><td>42,809</td><td>29,061</td><td>209,109</td><td>158,324</td><td>50,785</td><td>400</td><td>145</td><td>256</td><td>3,605</td></tr><tr><td>April</td><td>297,357</td><td>293,361</td><td>53,596</td><td>11,474</td><td>42,122</td><td>29,182</td><td>210,583</td><td>159,848</td><td>50,734</td><td>404</td><td>151</td><td>253</td><td>3,592</td></tr><tr><td>May</td><td>299,504</td><td>295,519</td><td>55,750</td><td>11,458</td><td>44,291</td><td>29,622</td><td>210,147</td><td>159,478</td><td>50,668</td><td>429</td><td>160</td><td>269</td><td>3,656</td></tr><tr><td>June</td><td>298,645</td><td>294,442</td><td>56,296</td><td>11,357</td><td>44,939</td><td>29,663</td><td>208,483</td><td>157,418</td><td>51,065</td><td>444</td><td>167</td><td>277</td><td>3,759</td></tr><tr><td>July</td><td>298,324</td><td>293,918</td><td>55,377</td><td>11,582</td><td>43,796</td><td>29,786</td><td>208,754</td><td>157,868</td><td>50,886</td><td>445</td><td>163</td><td>283</td><td>3,960</td></tr><tr><td>August</td><td>302,312</td><td>297,904</td><td>56,899</td><td>11,473</td><td>45,427</td><td>30,358</td><td>210,647</td><td>159,830</td><td>50,817</td><td>468</td><td>160</td><td>308</td><td>3,939</td></tr><tr><td>September</td><td>299,986</td><td>295,571</td><td>56,268</td><td>11,709</td><td>44,559</td><td>29,825</td><td>209,478</td><td>158,782</td><td>50,696</td><td>486</td><td>158</td><td>328</td><td>3,989</td></tr><tr><td>October</td><td>302,553</td><td>298,145</td><td>55,896</td><td>12,006</td><td>43,890</td><td>30,201</td><td>212,048</td><td>161,464</td><td>50,584</td><td>485</td><td>156</td><td>329</td><td>3,923</td></tr><tr><td>November</td><td>305,893</td><td>301,384</td><td>56,340</td><td>12,177</td><td>44,163</td><td>30,454</td><td>214,591</td><td>163,946</td><td>50,645</td><td>502</td><td>163</td><td>339</td><td>4,007</td></tr></table>
Source: Daily Treasury statement for total amounts outstanding; reports from agencies and trust funds for securities held by U. S. Government investment accounts; and reports from Federal Reserve System for securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation. For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government
2/ agencies whose investments are handled outside the Treasury. The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the amount held by U. S. Government investment accounts and Federal Reserve Banks.
4/ Consists of guaranteed securities held outside the Treasury. All are public marketable issues.
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>12.0</td><td>-</td><td>-.7</td><td>-2</td><td>.4</td><td>-2.3</td><td>-8.4</td><td>-4.5</td><td>-2</td><td>-</td><td>60.0</td></tr><tr><td>1942</td><td>-5</td><td>30.0</td><td>5.8</td><td>.3</td><td>-.1</td><td>3</td><td>-67.8</td><td>-15.8</td><td>-2.7</td><td>1.0</td><td>-5.0</td><td>4.8</td></tr><tr><td>1943</td><td>-14.5</td><td>-90.3</td><td>-72.9</td><td>.4</td><td>-35.2</td><td>-145.8</td><td>-18.5</td><td>-19.0</td><td>-28.1</td><td>*</td><td>-5.9</td><td>-12.0</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1945</td><td>-67.5</td><td>-48.1</td><td>-5.9</td><td>-55.6</td><td>-34.4</td><td>-56.4</td><td>-17.0</td><td>-2</td><td>-12.5</td><td>.3</td><td>-</td><td>-</td></tr><tr><td>1946</td><td>-8.1</td><td>-7</td><td>-</td><td>3.3</td><td>.4</td><td>-69.8</td><td>-157.8</td><td>-41.2</td><td>-74.1</td><td>-123.0</td><td>-57.6</td><td>-20.3</td></tr><tr><td>1947</td><td>.1</td><td>-</td><td>-4.7</td><td>-61.3</td><td>-338.6</td><td>-359.2</td><td>-609.1</td><td>-308.1</td><td>-123.1</td><td>-14.1</td><td>221.0</td><td>696.4</td></tr><tr><td>1948</td><td>-2</td><td>177.4</td><td>106.8</td><td>-12.1</td><td>-30.4</td><td>1.1</td><td>5.4</td><td>4.4</td><td>7.2</td><td>.1</td><td>-8</td><td>-2</td></tr><tr><td>1949</td><td>8.8</td><td>-1.8</td><td>5.1</td><td>1.5</td><td>-54.7</td><td>-88.4</td><td>-1</td><td>3.8</td><td>4.6</td><td>-1.7</td><td>11.5</td><td>-1</td></tr><tr><td>1950</td><td>-6.6</td><td>13.5</td><td>6.3</td><td>1.1</td><td>-1.9</td><td>5.1</td><td>8.2</td><td>-2.0</td><td>5.0</td><td>5.8</td><td>10.7</td><td>7.0</td></tr><tr><td>1951</td><td>36.8</td><td>261.2</td><td>482.7</td><td>8.4</td><td>11.4</td><td>3.5</td><td>.2</td><td>4.7</td><td>2.8</td><td>8.4</td><td>-3.6</td><td>29.0</td></tr><tr><td>1952</td><td>22.1</td><td>6.7</td><td>.5</td><td>19.9</td><td>2.9</td><td>1.5</td><td>1.4</td><td>1.9</td><td>3.5</td><td>16.5</td><td>11.7</td><td>8.2</td></tr><tr><td>1953</td><td>24.6</td><td>8.8</td><td>12.9</td><td>36.2</td><td>35.9</td><td>20.1</td><td>7.9</td><td>.4</td><td>38.4</td><td>17.0</td><td>-1.1</td><td>.6</td></tr><tr><td>1954</td><td>7.0</td><td>-4.0</td><td>-22.4</td><td>-2.9</td><td>2.8</td><td>-45.5</td><td>-21.7</td><td>-17.2</td><td>-10.0</td><td>21.1</td><td>14.2</td><td>41.0</td></tr><tr><td>1955</td><td>23.0</td><td>77.2</td><td>18.9</td><td>29.9</td><td>56.2</td><td>22.5</td><td>74.8</td><td>20.3</td><td>11.8</td><td>-30.7</td><td>7.9</td><td>234.8</td></tr><tr><td>1956</td><td>-1.3</td><td>-9.8</td><td>10.7</td><td>46.7</td><td>5.7</td><td>398.8</td><td>49.2</td><td>9.4</td><td>8.4</td><td>56.2</td><td>83.9</td><td>21.3</td></tr><tr><td>1957</td><td>14.3</td><td>72.6</td><td>13.4</td><td>35.4</td><td>313.4</td><td>15.8</td><td>182.4</td><td>26.4</td><td>10.3</td><td>26.6</td><td>-67.3</td><td>33.7</td></tr><tr><td>1958</td><td>-123.4</td><td>-155.9</td><td>10.6</td><td>-2.1</td><td>-86.3</td><td>177.2</td><td>445.5</td><td>19.1</td><td>10.6</td><td>17.3</td><td>55.1</td><td>43.7</td></tr><tr><td>1959</td><td>14.1</td><td>23.0</td><td>62.2</td><td>44.0</td><td>53.1</td><td>9.9</td><td>32.2</td><td>18.3</td><td>28.3</td><td>41.1</td><td>71.6</td><td>113.1</td></tr><tr><td>1960</td><td>17.5</td><td>16.5</td><td>43.1</td><td>16.4</td><td>21.8</td><td>-14.5</td><td>35.5</td><td>44.4</td><td>3.4</td><td>25.5</td><td>105.5</td><td>39.7</td></tr><tr><td>1961</td><td>-5.6</td><td>-21.3</td><td>56.1</td><td>19.5</td><td>24.2</td><td>15.4</td><td>25.6</td><td>17.3</td><td>25.1</td><td>36.8</td><td>57.3</td><td>27.8</td></tr><tr><td>1962</td><td>76.9</td><td>47.1</td><td>18.9</td><td>18.2</td><td>39.9</td><td>-8.7</td><td>61.9</td><td>-304.4</td><td>325.5</td><td>-23.3</td><td>-25.4</td><td>-</td></tr></table>
1/ Consists of purchases or sales made by the Treasury of securities issued or guaranteed by the U. S. Government for (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department.
transactions differ from those reflected in Table 1 because they exclude those Government investment accounts for which investments are not handled by the Treasury. Table 2 also includes purchases under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a), and excludes the Exchange Stabilization Fund. * Less than $50,000.
Treasury Bulletin
62
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="2">Held by banks</th><th>U. S. Government investment accounts</th><th colspan="9">Held by private nonbank investors</th></tr><tr><th></th><th></th><th>Commercial banks 3/</th><th>Federal Reserve Banks</th><th></th><th>Total</th><th colspan="3">Individuals 4/</th><th>Insurance companies</th><th>Mutual savings banks</th><th>Corporations 6/</th><th>State and local governments</th><th>Foreign and international 7/</th><th>Other miscellaneous investors 8/</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Total</th><th>Savings bonds</th><th>Series E and H</th><th>Other series 5/</th><th>Other securities</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1939-Dec....</td><td>47.6</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>.2</td><td>.5</td></tr><tr><td>1940-June....</td><td>48.5</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>.2</td><td>.5</td></tr><tr><td>Dec......</td><td>50.9</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>.2</td><td>.5</td></tr><tr><td>1941-June....</td><td>55.3</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>.2</td><td>.4</td></tr><tr><td>Dec......</td><td>64.3</td><td>21.4</td><td>2.3</td><td>9.3</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>.4</td><td>.5</td></tr><tr><td>1942-June....</td><td>77.0</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>.4</td><td>.7</td></tr><tr><td>Dec......</td><td>112.5</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>.8</td><td>1.5</td></tr><tr><td>1943-June....</td><td>140.8</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>1.3</td><td>2.1</td></tr><tr><td>Dec......</td><td>170.1</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>1.5</td><td>3.0</td></tr><tr><td>1944-June....</td><td>202.6</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>1.4</td><td>4.7</td></tr><tr><td>Dec......</td><td>232.1</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>1.7</td><td>5.2</td></tr><tr><td>1945-June....</td><td>259.1</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>2.0</td><td>6.2</td></tr><tr><td>Dec......</td><td>278.7</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>2.4</td><td>6.6</td></tr><tr><td>1946-Feb. 2/</td><td>279.8</td><td>93.8</td><td>22.9</td><td>28.0</td><td>135.1</td><td>64.1</td><td>30.8</td><td>12.5</td><td>20.8</td><td>24.4</td><td>11.1</td><td>19.9</td><td>6.7</td><td>2.4</td><td>6.6</td></tr><tr><td>June....</td><td>269.9</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>2.2</td><td>6.4</td></tr><tr><td>Dec......</td><td>259.5</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>2.1</td><td>6.0</td></tr><tr><td>1947-June....</td><td>258.4</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>3.4</td><td>6.1</td></tr><tr><td>Dec......</td><td>257.0</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>2.7</td><td>5.7</td></tr><tr><td>1948-June....</td><td>252.4</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>2.6</td><td>6.1</td></tr><tr><td>Dec......</td><td>252.9</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>2.8</td><td>6.1</td></tr><tr><td>1949-June....</td><td>252.8</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>2.9</td><td>6.6</td></tr><tr><td>Dec......</td><td>257.2</td><td>66.8</td><td>18.9</td><td>39.4</td><td>132.1</td><td>66.3</td><td>33.8</td><td>15.5</td><td>17.0</td><td>20.1</td><td>11.4</td><td>16.8</td><td>8.1</td><td>2.9</td><td>6.5</td></tr><tr><td>1950-June....</td><td>257.4</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>3.5</td><td>6.2</td></tr><tr><td>Dec......</td><td>256.7</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>4.3</td><td>6.2</td></tr><tr><td>1951-June....</td><td>255.3</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>4.2</td><td>6.5</td></tr><tr><td>Dec......</td><td>259.5</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>4.3</td><td>6.3</td></tr><tr><td>1952-June....</td><td>259.2</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>4.7</td><td>6.9</td></tr><tr><td>Dec......</td><td>267.4</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>5.3</td><td>6.4</td></tr><tr><td>1953-June....</td><td>266.1</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>5.7</td><td>7.1</td></tr><tr><td>Dec......</td><td>275.2</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>5.9</td><td>7.3</td></tr><tr><td>1954-June....</td><td>271.3</td><td>63.6</td><td>25.0</td><td>49.3</td><td>133.3</td><td>64.7</td><td>37.5</td><td>12.1</td><td>15.1</td><td>15.4</td><td>9.1</td><td>16.6</td><td>13.9</td><td>6.0</td><td>7.6</td></tr><tr><td>Dec......</td><td>278.8</td><td>69.2</td><td>24.9</td><td>49.6</td><td>135.1</td><td>63.4</td><td>38.2</td><td>11.7</td><td>13.5</td><td>15.3</td><td>8.8</td><td>19.2</td><td>14.4</td><td>6.3</td><td>7.6</td></tr><tr><td>1955-June....</td><td>274.4</td><td>63.5</td><td>23.6</td><td>50.5</td><td>136.7</td><td>65.0</td><td>39.3</td><td>10.9</td><td>14.8</td><td>15.0</td><td>8.7</td><td>18.8</td><td>14.7</td><td>6.8</td><td>7.6</td></tr><tr><td>Dec......</td><td>280.8</td><td>62.0</td><td>24.8</td><td>51.7</td><td>142.3</td><td>64.7</td><td>40.1</td><td>10.2</td><td>14.5</td><td>14.6</td><td>8.5</td><td>23.5</td><td>15.4</td><td>7.5</td><td>8.1</td></tr><tr><td>1956-June....</td><td>272.8</td><td>57.3</td><td>23.8</td><td>53.5</td><td>138.3</td><td>66.2</td><td>40.9</td><td>9.4</td><td>15.9</td><td>13.6</td><td>8.4</td><td>17.7</td><td>16.1</td><td>7.9</td><td>8.4</td></tr><tr><td>Dec......</td><td>276.7</td><td>59.5</td><td>24.9</td><td>54.0</td><td>138.2</td><td>65.5</td><td>41.4</td><td>8.7</td><td>15.4</td><td>13.2</td><td>8.0</td><td>19.1</td><td>16.3</td><td>7.8</td><td>8.4</td></tr><tr><td>1957-June....</td><td>270.6</td><td>56.2</td><td>23.0</td><td>55.6</td><td>135.9</td><td>65.6</td><td>41.5</td><td>7.6</td><td>16.5</td><td>12.7</td><td>7.9</td><td>16.8</td><td>16.8</td><td>7.6</td><td>8.4</td></tr><tr><td>Dec......</td><td>275.0</td><td>59.5</td><td>24.2</td><td>55.2</td><td>136.1</td><td>64.0</td><td>41.6</td><td>6.6</td><td>15.8</td><td>12.5</td><td>7.6</td><td>18.6</td><td>16.6</td><td>7.6</td><td>9.0</td></tr><tr><td>1958-June....</td><td>276.4</td><td>65.3</td><td>25.4</td><td>55.9</td><td>129.9</td><td>63.7</td><td>42.1</td><td>5.9</td><td>15.7</td><td>12.2</td><td>7.4</td><td>14.8</td><td>16.3</td><td>6.5</td><td>8.8</td></tr><tr><td>Dec......</td><td>283.0</td><td>67.5</td><td>26.3</td><td>54.4</td><td>134.8</td><td>63.0</td><td>42.5</td><td>5.2</td><td>15.3</td><td>12.7</td><td>7.3</td><td>18.8</td><td>16.5</td><td>7.7</td><td>8.9</td></tr><tr><td>1959-June....</td><td>284.8</td><td>61.5</td><td>26.0</td><td>54.6</td><td>142.6</td><td>65.3</td><td>42.6</td><td>4.5</td><td>18.3</td><td>12.6</td><td>7.3</td><td>20.8</td><td>16.9</td><td>10.1</td><td>9.5</td></tr><tr><td>Dec......</td><td>290.9</td><td>60.3</td><td>26.6</td><td>53.7</td><td>150.3</td><td>68.0</td><td>42.4</td><td>3.5</td><td>22.1</td><td>12.5</td><td>6.9</td><td>22.8</td><td>18.0</td><td>12.0</td><td>10.1</td></tr><tr><td>1960-June....</td><td>286.5</td><td>55.3</td><td>26.5</td><td>55.3</td><td>149.3</td><td>68.2</td><td>42.5</td><td>3.1</td><td>22.5</td><td>12.0</td><td>6.6</td><td>21.0</td><td>18.8</td><td>12.3</td><td>10.4</td></tr><tr><td>Dec......</td><td>290.4</td><td>62.1</td><td>27.4</td><td>55.1</td><td>145.8</td><td>64.9r</td><td>42.9</td><td>2.7</td><td>19.3r</td><td>11.9</td><td>6.3</td><td>19.9</td><td>18.7r</td><td>13.0</td><td>11.2</td></tr><tr><td>1961-June....</td><td>289.2</td><td>62.5</td><td>27.3</td><td>56.1</td><td>143.3</td><td>63.4r</td><td>43.6</td><td>2.5</td><td>17.4r</td><td>11.4</td><td>6.3</td><td>19.7</td><td>19.3r</td><td>12.7</td><td>10.5</td></tr><tr><td>Dec......</td><td>296.5</td><td>67.2</td><td>28.9</td><td>54.5</td><td>145.9</td><td>65.2r</td><td>44.2</td><td>2.2</td><td>18.8r</td><td>11.4</td><td>6.1</td><td>19.4</td><td>18.7r</td><td>13.4</td><td>11.6</td></tr><tr><td>1962-Jan....</td><td>296.9</td><td>67.8</td><td>28.5</td><td>53.8</td><td>146.8</td><td>65.4r</td><td>44.4</td><td>2.2</td><td>18.8r</td><td>11.6</td><td>6.2</td><td>20.4</td><td>19.0r</td><td>12.9</td><td>11.2</td></tr><tr><td>Feb......</td><td>297.4</td><td>66.6</td><td>28.4</td><td>54.2</td><td>148.3</td><td>65.4r</td><td>44.4</td><td>2.2</td><td>18.8r</td><td>11.5</td><td>6.2</td><td>21.4</td><td>19.1r</td><td>13.0</td><td>11.5</td></tr><tr><td>Mar......</td><td>296.5</td><td>64.0</td><td>29.1</td><td>54.5</td><td>149.0</td><td>65.7r</td><td>44.5</td><td>2.1</td><td>19.1r</td><td>11.5</td><td>6.6</td><td>20.2</td><td>19.5r</td><td>13.6</td><td>12.0</td></tr><tr><td>Apr......</td><td>297.4</td><td>65.3</td><td>29.2</td><td>53.7</td><td>149.1</td><td>65.5r</td><td>44.5</td><td>2.1</td><td>18.9r</td><td>11.5</td><td>6.3</td><td>20.4</td><td>19.6r</td><td>13.3</td><td>12.5</td></tr><tr><td>May......</td><td>299.6</td><td>65.2</td><td>29.6</td><td>55.9</td><td>148.8</td><td>65.2r</td><td>44.6</td><td>2.0</td><td>18.5r</td><td>11.5</td><td>6.3</td><td>20.8</td><td>19.7r</td><td>13.5</td><td>11.8</td></tr><tr><td>June......</td><td>298.6</td><td>65.0</td><td>29.7</td><td>56.5</td><td>147.6</td><td>65.2r</td><td>44.6</td><td>2.0</td><td>18.5r</td><td>11.3</td><td>6.3</td><td>19.3</td><td>19.7r</td><td>14.1</td><td>11.6</td></tr><tr><td>July......</td><td>298.3</td><td>64.5</td><td>29.8</td><td>55.5</td><td>148.5</td><td>65.4r</td><td>44.7</td><td>2.0</td><td>18.7r</td><td>11.5</td><td>6.3</td><td>20.0</td><td>19.9r</td><td>14.2</td><td>11.3</td></tr><tr><td>Aug......</td><td>302.3</td><td>64.5</td><td>30.4</td><td>57.1</td><td>150.4</td><td>65.5r</td><td>44.8</td><td>2.0</td><td>18.8r</td><td>11.5</td><td>6.3</td><td>21.1</td><td>19.9r</td><td>14.6</td><td>11.5</td></tr><tr><td>Sept......</td><td>300.0</td><td>64.6</td><td>29.8</td><td>56.4</td><td>149.1</td><td>65.6</td><td>44.
1/ United States savings bonds, Series A-F and J, are included at current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
4/ Includes partnerships and personal trust accounts.
5/ Discontinued series. See savings bonds tables.
6/ Exclusive of banks and insurance companies.
7/ Consists of the investments of foreign balances and international accounts in the United States.
8/ Consists of savings and loan associations, nonprofit institutions, corporate pension trust funds, and dealers and brokers.
9/ Immediate postwar debt peak. p Preliminary. r Revised.
December 1962
63
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1962
The monthly Treasury Survey of Ownership covers securities issued by the United States Government and by Federal agencies. The banks and insurance companies included in the Survey currently account for about 90 percent of all such securities held by these institutions. The similar proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments, 60 percent. Data were first published for banks and insurance companies in the May 1941 Treasury Bulletin, for
corporations and savings and loan associations in the September 1960 Bulletin, and for State and local governments in the February 1962 Bulletin.
Holdings by commercial banks distributed according to Federal Reserve member bank classes and nonmember banks are published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first appearing 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="8">Held by investors covered in Treasury Survey</th></tr><tr><th>6,176 commercial banks 2/ 3/</th><th>508 mutual savings banks 2/</th><th>Insurance companies 301 life</th><th>511 fire, casualty, and marine</th><th>488 savings and loan associations</th><th>473 corporations</th><th>State and local governments 295 general funds 185 pension and retirement funds</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 4/</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 2/</td><td>201,796</td><td>57,452</td><td>5,933</td><td>5,060</td><td>4,305</td><td>2,878</td><td>9,923</td><td>7,021</td><td>4,755</td><td>40,003</td><td>64,468</td></tr><tr><td>Public nonmarketable</td><td>52,945</td><td>300 6/</td><td>186</td><td>829</td><td>105</td><td>100</td><td>8</td><td>123</td><td>276</td><td>2,360</td><td>48,658</td></tr><tr><td>Special issues</td><td>43,890</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>43,890</td><td>-</td></tr><tr><td>Total interest-bearing securities</td><td>298,630</td><td>57,751</td><td>6,119</td><td>5,889</td><td>4,409</td><td>2,977</td><td>9,931</td><td>7,144</td><td>5,031</td><td>86,253</td><td>113,126</td></tr><tr><td>Matured Debt and debt bearing no interest 7/</td><td>3,923</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total securities issued or guaranteed by U. S. Government 8/</td><td>302,553</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Footnotes at end of Table 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>6,176 commercial banks 2/ 3/</th><th>508 mutual savings banks 2/</th><th>Insurance companies 301 life</th><th>511 fire, casualty, and marine</th><th>488 savings and loan associations</th><th>473 corporations</th><th>State and local governments 295 general funds 185 pension and retirement funds</th><th>U.S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 4/</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>46,139</td><td>8,352</td><td>267</td><td>336</td><td>246</td><td>161</td><td>5,812</td><td>2,978</td><td>203</td><td>3,439</td><td>24,245</td></tr><tr><td>Certificates of indebtedness</td><td>17,854</td><td>3,178</td><td>115</td><td>46</td><td>169</td><td>45</td><td>892</td><td>994</td><td>23</td><td>9,891</td><td>2,901</td></tr><tr><td>Treasury notes</td><td>57,983</td><td>21,446</td><td>1,274</td><td>366</td><td>1,233</td><td>522</td><td>2,045</td><td>988</td><td>212</td><td>14,984</td><td>14,713</td></tr><tr><td>Treasury bonds</td><td>79,734</td><td>24,428</td><td>4,195</td><td>4,250</td><td>2,642</td><td>2,115</td><td>1,173</td><td>2,461</td><td>4,288</td><td>11,533</td><td>22,648</td></tr><tr><td>Guaranteed by U.S. Government 3/</td><td>485</td><td>47</td><td>82</td><td>61</td><td>15</td><td>33</td><td>*</td><td>*</td><td>29</td><td>156</td><td>60</td></tr><tr><td>Total</td><td>201,796</td><td>57,452</td><td>5,933</td><td>5,060</td><td>4,305</td><td>2,878</td><td>9,923</td><td>7,021</td><td>4,755</td><td>40,003</td><td>64,468</td></tr><tr><td colspan="11">By maturity distribution:</td></tr><tr><td>Call classes (due or first becoming callable):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>89,747</td><td>21,626</td><td>712</td><td>409</td><td>1,046</td><td>416</td><td>8,356</td><td>4,263</td><td>270</td><td>19,186</td><td>33,463</td></tr><tr><td>1 to 5 years</td><td>70,377</td><td>27,648</td><td>2,568</td><td>1,021</td><td>2,271</td><td>1,091</td><td>1,424</td><td>1,052</td><td>522</td><td>13,929</td><td>18,851</td></tr><tr><td>5 to 10 years</td><td>21,107</td><td>7,478</td><td>941</td><td>292</td><td>616</td><td>732</td><td>116</td><td>431</td><td>461</td><td>2,769</td><td>7,271</td></tr><tr><td>10 to 15 years</td><td>1,641</td><td>68</td><td>109</td><td>47</td><td>59</td><td>62</td><td>5</td><td>88</td><td>234</td><td>478</td><td>492</td></tr><tr><td>15 to 20 years</td><td>4,954</td><td>177</td><td>266</td><td>646</td><td>120</td><td>102</td><td>2</td><td>351</td><td>827</td><td>1,157</td><td>1,308</td></tr><tr><td>20 years and over</td><td>13,486</td><td>408</td><td>1,255</td><td>2,584</td><td>178</td><td>441</td><td>21</td><td>836</td><td>2,412</td><td>2,328</td><td>3,023</td></tr><tr><td>Guaranteed securities 3/</td><td>485</td><td>47</td><td>82</td><td>61</td><td>15</td><td>33</td><td>*</td><td>*</td><td>29</td><td>156</td><td>60</td></tr><tr><td>Total</td><td>201,796</td><td>57,452</td><td>5,933</td><td>5,060</td><td>4,305</td><td>2,878</td><td>9,923</td><td>7,021</td><td>4,755</td><td>40,003</td><td>64,468</td></tr><tr><td colspan="11">Maturity classes (final maturity):</td></tr><tr><td>Within 1 year</td><td>88,284</td><td>21,010</td><td>649</td><td>402</td><td>946</td><td>389</td><td>8,321</td><td>4,247</td><td>261</td><td>19,004</td><td>33,056</td></tr><tr><td>1 to 5 years</td><td>57,728</td><td>24,651</td><td>1,415</td><td>433</td><td>1,573</td><td>708</td><td>1,401</td><td>718</td><td>259</td><td>11,528</td><td>15,043</td></tr><tr><td>5 to 10 years</td><td>32,403</td><td>10,938</td><td>2,070</td><td>762</td><td>1,314</td><td>1,063</td><td>162</td><td>630</td><td>638</td><td>5,146</td><td>9,679</td></tr><tr><td>10 to 15 years</td><td>3,986</td><td>205</td><td>178</td><td>164</td><td>152</td><td>134</td><td>17</td><td>206</td><td>193</td><td>572</td><td>2,167</td></tr><tr><td>15 to 20 years</td><td>3,362</td><td>144</td><td>217</td><td>547</td><td>85</td><td>66</td><td>*</td><td>147</td><td>418</td><td>976</td><td>761</td></tr><tr><td>20 years and over</td><td>15,548</td><td>456</td><td>1,321</td><td>2,691</td><td>219</td><td>485</td><td>22</td><td>1,073</td><td>2,956</td><td>2,622</td><td>3,703</td></tr><tr><td>Guaranteed securities 3/</td><td>485</td><td>47</td><td>82</td><td>61</td><td>15</td><td>33</td><td>*</td><td>*</td><td>29</td><td>156</td><td>60</td></tr><tr><td>Total</td><td>201,796</td><td>57,452</td><td>5,933</td><td>5,060</td><td>4,305</td><td>2,878</td><td>9,923</td><td>7,021</td><td>4,755</td><td>40,003</td><td>64,468</td></tr><tr><td colspan="11">By tax status: 3/</td></tr><tr><td>Partially exempt from Federal income taxes</td><td>1,485</td><td>1,323</td><td>*</td><td>*</td><td>20</td><td>1</td><td>7</td><td>*</td><td>*</td><td>*</td><td>134</td></tr><tr><td>Subject to Federal income taxes 10/</td><td>200,310</td><td>56,128</td><td>5,932</td><td>5,060</td><td>4,285</td><td>2,877</td><td>9,916</td><td>7,021</td><td>4,755</td><td>40,002</td><td>64,334</td></tr><tr><td>Total</td><td>201,796</td><td>57,452</td><td>5,933</td><td>5,060</td><td>4,305</td><td>2,878</td><td>9,923</td><td>7,021</td><td>4,755</td><td>40,003</td><td>64,468</td></tr></table>
Footnotes at end of Table 4.
64
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1962
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
<table><tr><th rowspan="2">Issue</th><th rowspan="2">Total amount outstanding</th><th colspan="10">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors 4/</th></tr><tr><th>6,176 commercial banks 2/ 2/</th><th>508 mutual savings banks 2/</th><th>301 life</th><th>511 fire, casualty, and marine</th><th>488 savings and loan associations</th><th>473 corporations</th><th>295 general funds</th><th>185 pension and retirement funds</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><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><td></td></tr><tr><td>Nov. 1962 - Jan. 1963....</td><td>26,220</td><td>3,608</td><td>154</td><td>254</td><td>174</td><td>82</td><td>2,840</td><td>1,943</td><td>162</td><td>1,843</td><td>15,160</td></tr><tr><td>Feb. 1963 - Apr. 1963....</td><td>8,408</td><td>1,476</td><td>32</td><td>42</td><td>34</td><td>20</td><td>1,411</td><td>373</td><td>32</td><td>692</td><td>4,296</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><td></td></tr><tr><td>Mar. 1963....................</td><td>3,005</td><td>1,113</td><td>1</td><td>19</td><td>7</td><td>*</td><td>764</td><td>13</td><td>-</td><td>152</td><td>936</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><td></td></tr><tr><td>Jan. 1963....................</td><td>2,001</td><td>343</td><td>23</td><td>14</td><td>12</td><td>18</td><td>99</td><td>128</td><td>3</td><td>88</td><td>1,273</td></tr><tr><td>Apr. 1963....................</td><td>2,001</td><td>361</td><td>22</td><td>3</td><td>11</td><td>10</td><td>130</td><td>133</td><td>1</td><td>170</td><td>1,162</td></tr><tr><td>July 1963....................</td><td>2,004</td><td>406</td><td>21</td><td>4</td><td>6</td><td>14</td><td>183</td><td>321</td><td>3</td><td>127</td><td>919</td></tr><tr><td>Oct. 1963....................</td><td>2,000</td><td>1,045</td><td>14</td><td>1</td><td>2</td><td>18</td><td>385</td><td>67</td><td>3</td><td>367</td><td>600</td></tr><tr><td>Total Treasury bills........</td><td>46,139</td><td>8,352</td><td>267</td><td>336</td><td>246</td><td>161</td><td>5,812</td><td>2,978</td><td>203</td><td>3,439</td><td>24,345</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><td></td></tr><tr><td>3-1/2/ Feb. 1963-A......</td><td>5,719</td><td>944</td><td>32</td><td>2</td><td>50</td><td>15</td><td>255</td><td>129</td><td>-</td><td>3,508</td><td>783</td></tr><tr><td>3-1/4/ May 1963-B......</td><td>5,284</td><td>964</td><td>28</td><td>1</td><td>64</td><td>8</td><td>427</td><td>211</td><td>*</td><td>2,558</td><td>1,023</td></tr><tr><td>3-1/2/ Aug. 1963-C......</td><td>6,851</td><td>1,269</td><td>55</td><td>44</td><td>54</td><td>22</td><td>210</td><td>254</td><td>22</td><td>3,825</td><td>1,095</td></tr><tr><td>Total certificates of indebtedness.</td><td>17,854</td><td>3,178</td><td>115</td><td>46</td><td>169</td><td>45</td><td>892</td><td>594</td><td>23</td><td>9,891</td><td>2,901</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><td></td></tr><tr><td>3-3/4/ Nov. 1962-C......</td><td>1,143</td><td>539</td><td>31</td><td>*</td><td>49</td><td>45</td><td>16</td><td>39</td><td>3</td><td>48</td><td>372</td></tr><tr><td>1-1/4/ Nov. 1962-H......</td><td>6,082</td><td>1,101</td><td>47</td><td>2</td><td>53</td><td>52</td><td>136</td><td>176</td><td>6</td><td>3,389</td><td>1,120</td></tr><tr><td>2-5/8/ Feb. 1963-A......</td><td>1,487</td><td>524</td><td>7</td><td>1</td><td>30</td><td>5</td><td>294</td><td>48</td><td>3</td><td>264</td><td>310</td></tr><tr><td>3-1/4/ Feb. 1963-E......</td><td>2,257</td><td>987</td><td>18</td><td>2</td><td>43</td><td>9</td><td>204</td><td>71</td><td>*</td><td>246</td><td>677</td></tr><tr><td>4/ May 1963-B......</td><td>1,183</td><td>427</td><td>38</td><td>*</td><td>21</td><td>16</td><td>62</td><td>15</td><td>5</td><td>54</td><td>543</td></tr><tr><td>3-1/4/ May 1963-D......</td><td>3,030</td><td>1,317</td><td>21</td><td>2</td><td>18</td><td>18</td><td>30</td><td>156</td><td>*</td><td>827</td><td>642</td></tr><tr><td>4-7/8/ Nov. 1963-C......</td><td>3,011</td><td>965</td><td>141</td><td>4</td><td>89</td><td>28</td><td>59</td><td>49</td><td>24</td><td>326</td><td>1,327</td></tr><tr><td>3-3/4/ May 1964-D......</td><td>3,893</td><td>2,025</td><td>75</td><td>5</td><td>160</td><td>43</td><td>24</td><td>85</td><td>12</td><td>304</td><td>1,160</td></tr><tr><td>4-3/4/ May 1964-A......</td><td>4,933</td><td>532</td><td>99</td><td>17</td><td>54</td><td>19</td><td>49</td><td>43</td><td>54</td><td>2,884</td><td>1,184</td></tr><tr><td>5/ Aug. 1964-B......</td><td>2,316</td><td>329</td><td>96</td><td>13</td><td>54</td><td>15</td><td>53</td><td>20</td><td>21</td><td>219</td><td>1,496</td></tr><tr><td>3-3/4/ Aug. 1964-E......</td><td>5,019</td><td>2,021</td><td>54</td><td>5</td><td>66</td><td>36</td><td>36</td><td>72</td><td>6</td><td>1,795</td><td>928</td></tr><tr><td>4-7/8/ Nov. 1964-C......</td><td>4,195</td><td>754</td><td>1,395</td><td>8</td><td>55</td><td>19</td><td>12</td><td>67</td><td>52</td><td>2,332</td><td>757</td></tr><tr><td>4-5/8/ May 1965-A......</td><td>2,113</td><td>695</td><td>116</td><td>16</td><td>70</td><td>39</td><td>11</td><td>37</td><td>17</td><td>393</td><td>739</td></tr><tr><td>3-5/8/ Feb. 1966-B......</td><td>3,114</td><td>2,181</td><td>59</td><td>2</td><td>65</td><td>30</td><td>77</td><td>26</td><td>1</td><td>140</td><td>533</td></tr><tr><td>4/ Aug. 1966-A......</td><td>4,454</td><td>1,640</td><td>143</td><td>6</td><td>63</td><td>59</td><td>71</td><td>26</td><td>1</td><td>1,663</td><td>783</td></tr><tr><td>3-3/4/ Aug. 1967-A......</td><td>5,281</td><td>3,545</td><td>158</td><td>4</td><td>136</td><td>81</td><td>75</td><td>34</td><td>2</td><td>87</td><td>1,159</td></tr><tr><td>1-1/2/ Apr. 1963-EA.....</td><td>533</td><td>166</td><td>2</td><td>-</td><td>28</td><td>-</td><td>183</td><td>5</td><td>*</td><td>-</td><td>150</td></tr><tr><td>1-1/2/ Oct. 1963-EO.....</td><td>506</td><td>266</td><td>*</td><td>-</td><td>17</td><td>*</td><td>86</td><td>4</td><td>*</td><td>-</td><td>132</td></tr><tr><td>1-1/2/ Apr. 1964-EA.....</td><td>457</td><td>193</td><td>1</td><td>3</td><td>38</td><td>*</td><td>121</td><td>1</td><td>1</td><td>-</td><td>100</td></tr><tr><td>1-1/2/ Oct. 1964-EO.....</td><td>490</td><td>239</td><td>7</td><td>5</td><td>24</td><td>2</td><td>123</td><td>*</td><td>-</td><td>-</td><td>88</td></tr><tr><td>1-1/2/ Apr. 1965-EA.....</td><td>466</td><td>241</td><td>14</td><td>25</td><td>25</td><td>-</td><td>74</td><td>*</td><td>1</td><td>15</td><td>70</td></tr><tr><td>1-1/2/ Oct. 1965-EO.....</td><td>315</td><td>180</td><td>4</td><td>8</td><td>12</td><td>1</td><td>31</td><td>-</td><td>*</td><td>-</td><td>79</td></tr><tr><td>1-1/2/ Apr. 1966-EA.....</td><td>675</td><td>278</td><td>2</td><td>203</td><td>32</td><td>2</td><td>68</td><td>11</td><td>-</td><td>-</td><td>78</td></tr><tr><td>1-1/2/ Oct. 1966-EO.....</td><td>357</td><td>197</td><td>2</td><td>25</td><td>22</td><td>2</td><td>65</td><td>1</td><td>3</td><td>-</td><td>56</td></tr><tr><td>1-1/2/ Apr. 1967-EA.....</td><td>270</td><td>105</td><td>2</td><td>1</td><td>10</td><td>1</td><td>83</td><td>*</td><td>-</td><td>-</td><td>44</td></tr><tr><td>1-1/2/ Oct. 1967-EO.....</td><td>5</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td></tr><tr><td>Total Treasury notes........</td><td>57,583</td><td>21,446</td><td>1,274</td><td>366</td><td>1,233</td><td>522</td><td>2,045</td><td>988</td><td>212</td><td>14,984</td><td>14,513</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><td></td></tr><tr><td>2-1/4/ Dec. 1959-62.....</td><td>2,269</td><td>690</td><td>74</td><td>4</td><td>63</td><td>19</td><td>192</td><td>53</td><td>6</td><td>476</td><td>693</td></tr><tr><td>2-3/4/ Dec. 1960-65.....</td><td>1,485</td><td>1,323</td><td>*</td><td>*</td><td>20</td><td>1</td><td>7</td><td>*</td><td>*</td><td>*</td><td>134</td></tr><tr><td>2-1/2/ June 1962-67.....</td><td>1,462</td><td>616</td><td>63</td><td>8</td><td>100</td><td>27</td><td>35</td><td>15</td><td>9</td><td>183</td><td>407</td></tr><tr><td>2-1/2/ Aug. 1963......</td><td>4,317</td><td>2,141</td><td>31</td><td>7</td><td>190</td><td>18</td><td>405</td><td>108</td><td>13</td><td>370</td><td>1,036</td></tr><tr><td>2-1/2/ Dec. 1963-68.....</td><td>1,816</td><td>623</td><td>146</td><td>44</td><td>166</td><td>57</td><td>31</td><td>30</td><td>21</td><td>228</td><td>471</td></tr><tr><td>3/ Feb. 1964......</td><td>2,700</td><td>1,420</td><td>22</td><td>1</td><td>48</td><td>42</td><td>46</td><td>68</td><td>3</td><td>161</td><td>859</td></tr><tr><td>2-1/2/ June 1964-69.....</td><td>2,633</td><td>630</td><td>358</td><td>108</td><td>159</td><td>73</td><td>2</td><td>45</td><td>39</td><td>489</td><td>681</td></tr><tr><td>2-1/2/ Dec. 1964-69.....</td><td>2,545</td><td>634</td><td>241</td><td>122</td><td>117</td><td>72</td><td>9</td><td>92</td><td>53</td><td>535</td><td>770</td></tr><tr><td>2-5/8/ Feb. 1965......</td><td>4,682</td><td>2,533</td><td>30</td><td>28</td><td>229</td><td>70</td><td>214</td><td>73</td><td>13</td><td>393</td><td>1,099</td></tr><tr><td>2-1/2/ Mar. 1965-70.....</td><td>2,424</td><td>368</td><td>174</td><td>144</td><td>130</td><td>43</td><td>6</td><td>57</td><td>72</td><td>762</td><td>666</td></tr><tr><td>2-1/2/ Mar. 1966-71.....</td><td>1,412</td><td>157</td><td>119</td><td>121</td><td>86</td><td>35</td><td>2</td><td>61</td><td>36</td><td>386</td><td>409</td></tr><tr><td>3-3/4/ May 1966......</td><td>3,597</td><td>1,890</td><td>111</td><td>17</td><td>97</td><td>75</td><td>45</td><td>37</td><td>9</td><td>272</td><td>1,046</td></tr><tr><td>3/ Aug. 1966......</td><td>1,484</td><td>838</td><td>30</td><td>2</td><td>36</td><td>57</td><td>12</td><td>21</td><td>7</td><td>148</td><td>334</td></tr><tr><td>3-3/8/ Nov. 1966......</td><td>2,438</td><td>1,205</td><td>46</td><td>17</td><td>92</td><td>59</td><td>16</td><td>30</td><td>23</td><td>217</td><td>732</td></tr><tr><td>2-1/2/ June 1967-72.....</td><td>1,329</td><td>147</td><td>81</td><td>46</td><td>37</td><td>57</td><td>6</td><td>47</td><td>39</td><td>128</td><td>762</td></tr><tr><td>2-1/2/ Sept. 1967-72.....</td><td>1,952</td><td>1,005</td><td>96</td><td>12</td><td>103</td><td>73</td><td>1</td><td>19</td><td>11</td><td>56</td><td>576</td></tr><tr><td>2-5/8/ Nov. 1967......</td><td>3,604</td><td>1,271</td><td>104</td><td>44</td><td>135</td><td>134</td><td>21</td><td>76</td><td>33</td><td>757</td><td>1,028</td></tr><tr><td>2-1/2/ Dec. 1967-72.....</td><td>2,815</td><td>153</td><td>87</td><td>126</td><td>98</td><td>80</td><td>12</td><td>150</td><td>94</td><td>206</td><td>1,808</td></tr><tr><td>3-7/8/ May 1968......</td><td>2,460</td><td>727</td><td>103</td><td>17</td><td>91</td><td>72</td><td>1</td><td>65</td><td>56</td><td>392</td><td>936</td></tr><tr><td>3-3/4/ Aug. 1968......</td><td>1,258</td><td>744</td><td>41</td><td>3</td><td>21</td><td>39</td><td>19</td><td>6</td><td>19</td><td>104</td><td>262</td></tr><tr><td>4/ Feb. 1969......</td><td>1,844</td><td>1,170</td><td>75</td><td>6</td><td>12</td><td>49</td><td>16</td><td>2</td><td>2</td><td>115</td><td>397</td></tr><tr><td>4/ Oct. 1969......</td><td>2,538</td><td>687</td><td>162</td><td>28</td><td>78</td><td>62</td><td>1</td><td>19</td><td>60</td><td>330</td><td>1,111</td></tr><tr><td>4/ Aug. 1971......</td><td>2,806</td><td>1,286</td><td>125</td><td>13</td><td>63</td><td>98</td><td>7</td><td>39</td><td>25</td><td>433</td><td>717</td></tr><tr><td>3-7/8/ Nov. 1971......</td><td>1,204</td><td>503</td><td>61</td><td>4</td><td>45</td><td>77</td><td>9</td><td>42</td><td>52</td><td>75</td><td>338</td></tr><tr><td>4/ Aug. 1972......</td><td>2,579</td><td>935</td><td>184</td><td>52</td><td>72</td><td>122</td><td>30</td><td>31</td><td>120</td><td>358</td><td>676</td></tr><tr><td>3-7/8/ Nov. 1972......</td><td>1,171</td><td>52</td><td>91</td><td>38</td><td>53</td><td>54</td><td>5</td><td>55</td><td>99</td><td>364</td><td>359</td></tr><tr><td>4-1/4/ May 1975-85.....</td><td>470</td><td>16</td><td>18</td><td>8</td><td>6</td><td>7</td><td>-</td><td>33</td><td>135</td><td>114</td><td>133</td></tr><tr><td>3-1/4/ June 1978-83.....</td><td>1,593</td><td>33</td><td>48</td><td>99</td><td>35</td><td>37</td><td>1</td><td>204</td><td>409</td><td>181</td><td>547</td></tr></table>
Footnotes at end of Table 4.
December 1962
65
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1962
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="10">Held by investors covered in Treasury Survey</th><th rowspan="2">Held by all other investors 4/</th></tr><tr><th>6,176 commercial banks 2/ 3/</th><th>508 mutual savings banks 2/</th><th>Insurance companies 301 life</th><th>511 fire, casualty, and marine</th><th>488 savings and loan associations</th><th>473 corporations</th><th>State and local governments 295 general funds</th><th>185 pension and retirement funds</th><th>U.S. Government investment accounts and Federal Reserve Banks</th></tr><tr><td colspan="13">Treasury bonds - (Continued):</td></tr><tr><td>4/ Feb. 1980.</td><td>1,446</td><td>49</td><td>51</td><td>145</td><td>29</td><td>39</td><td>*</td><td>55</td><td>284</td><td>292</td><td>502</td></tr><tr><td>3-1/2 Nov. 1980.</td><td>1,915</td><td>95</td><td>167</td><td>402</td><td>57</td><td>27</td><td>*</td><td>92</td><td>134</td><td>684</td><td>259</td></tr><tr><td>3-1/4 May 1985.</td><td>1,131</td><td>94</td><td>44</td><td>183</td><td>23</td><td>107</td><td>-</td><td>153</td><td>173</td><td>160</td><td>194</td></tr><tr><td>4-1/4 Aug. 1987-92.</td><td>365</td><td>37</td><td>15</td><td>83</td><td>1</td><td>9</td><td>12</td><td>2</td><td>57</td><td>52</td><td>98</td></tr><tr><td>3-1/2 Feb. 1990.</td><td>4,915</td><td>148</td><td>460</td><td>1,023</td><td>93</td><td>165</td><td>1</td><td>283</td><td>826</td><td>1,033</td><td>883</td></tr><tr><td>3 Feb. 1995.</td><td>2,614</td><td>44</td><td>140</td><td>212</td><td>32</td><td>61</td><td>5</td><td>165</td><td>665</td><td>177</td><td>1,114</td></tr><tr><td>3-1/2 Nov. 1998.</td><td>4,461</td><td>85</td><td>595</td><td>1,084</td><td>30</td><td>98</td><td>2</td><td>234</td><td>692</td><td>905</td><td>735</td></tr><tr><td>Total Treasury bonds.</td><td>79,734</td><td>24,428</td><td>4,195</td><td>4,250</td><td>2,642</td><td>2,115</td><td>1,173</td><td>2,461</td><td>4,288</td><td>11,533</td><td>22,648</td></tr><tr><td>Guaranteed securities 3/.</td><td>485</td><td>47</td><td>82</td><td>61</td><td>15</td><td>33</td><td>-</td><td>*</td><td>29</td><td>156</td><td>60</td></tr><tr><td>Total public marketable securities.</td><td>201,796</td><td>57,452</td><td>5,933</td><td>5,060</td><td>4,305</td><td>2,878</td><td>9,923</td><td>7,021</td><td>4,755</td><td>40,003</td><td>64,468</td></tr></table>
Footnotes at end of Table 4.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
<table><tr><th>Issue</th><th>Total amount outstanding</th><th>6,176 commercial banks 2/ 2/</th><th>508 mutual savings banks 2/</th><th>301 life</th><th>511 fire, casualty, and marine</th><th>488 savings and loan associations</th><th>473 corporations</th><th>295 general funds</th><th>185 pension and retirement funds</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 4/</th></tr><tr><td>U. S. 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></tr><tr><td>Series E 2/</td><td>38,436</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>1</td><td>38,434</td></tr><tr><td>Series F 2/</td><td>128</td><td>9</td><td>-</td><td>5</td><td>3</td><td>1</td><td>*</td><td>1</td><td>1</td><td>*</td><td>113</td></tr><tr><td>Series G</td><td>503</td><td>14</td><td>3</td><td>5</td><td>8</td><td>5</td><td>1</td><td>10</td><td>20</td><td>1</td><td>438</td></tr><tr><td>Series H</td><td>6,848</td><td>-</td><td>*</td><td>*</td><td>1</td><td>1</td><td>*</td><td>1</td><td>2</td><td>1</td><td>6,843</td></tr><tr><td>Series J 2/</td><td>522</td><td>-</td><td>-</td><td>*</td><td>5</td><td>4</td><td>1</td><td>5</td><td>2</td><td>1</td><td>504</td></tr><tr><td>Series K</td><td>1,242</td><td>1</td><td>7</td><td>4</td><td>13</td><td>28</td><td>2</td><td>27</td><td>22</td><td>4</td><td>1,134</td></tr><tr><td>Total U. S. savings bonds</td><td>47,680</td><td>24</td><td>10</td><td>9</td><td>30</td><td>39</td><td>3</td><td>43</td><td>47</td><td>9</td><td>47,464</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><td></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><td></td></tr><tr><td>Foreign Series</td><td>435</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>435</td></tr><tr><td>Foreign Currency Series</td><td>173</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>173</td></tr><tr><td>Depositary bonds</td><td>95</td><td>95 6/</td><td>*</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><td></td></tr><tr><td>Foreign Currency Series</td><td>48</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>48</td></tr><tr><td>R. E. A. Series</td><td>24</td><td>108</td><td>16</td><td>117</td><td>12</td><td>5</td><td>*</td><td>6</td><td>19</td><td>100</td><td>69</td></tr><tr><td>Investment Series A</td><td>4,537</td><td>73</td><td>160</td><td>703</td><td>62</td><td>56</td><td>5</td><td>73</td><td>210</td><td>2,251</td><td>444</td></tr><tr><td>Investment Series B</td><td>4,037</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other U. S. securities</td><td>5,265</td><td>276 6/</td><td>176</td><td>820</td><td>74</td><td>61</td><td>5</td><td>80</td><td>229</td><td>2,352</td><td>1,194</td></tr><tr><td>Total public nonmarketable securities</td><td>52,945</td><td>300 6/</td><td>186</td><td>829</td><td>105</td><td>100</td><td>8</td><td>123</td><td>276</td><td>2,360</td><td>48,658</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, corporations and State and local government funds 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 $30 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/ 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.
10/ Includes guaranteed securities which are classified as taxable although a small indeterminate amount of the Federal Housing Administration debentures is partially tax-exempt.
11/ The Treasury bonds of 1960-65 are partially tax-exempt (see footnote 9). They were called on August 15, 1962, for redemption on December 15, 1962.
12/ Includes only publicly offered issues.
13/ The proprietary interest of the United States in these banks ended in July 1951.
14/ The proprietary interest of the United States in these banks ended in June 1947.
* Less than $50,000.
66
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1962
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 12/</th><th>6,176 commercial banks 2/ 3/</th><th>508 mutual savings banks 2/</th><th>Insurance companies 301 life</th><th>511 fire, casualty, and marine</th><th>488 savings and loan associations</th><th>473 corporations</th><th>State and local governments 295 general funds 185 pension and retirement funds</th><th>U. S. Government investment accounts and Federal Reserve Banks</th><th>Held by all other investors 4/</th></tr><tr><td colspan="11">Banks for cooperatives:</td></tr><tr><td>3-05/8 Dec. 1962 (Debentures)</td><td>136</td><td>37</td><td>3</td><td>1</td><td>1</td><td>1</td><td>31</td><td>7</td><td>-</td><td>55</td></tr><tr><td>3-3/8 Feb. 1963 (Debentures)</td><td>186</td><td>63</td><td>6</td><td>*</td><td>3</td><td>*</td><td>29</td><td>6</td><td>*</td><td>79</td></tr><tr><td>3-15 Apr. 1963 (Debentures)</td><td>158</td><td>50</td><td>9</td><td>1</td><td>6</td><td>*</td><td>34</td><td>1</td><td>-</td><td>55</td></tr><tr><td>Total banks for cooperatives</td><td>480</td><td>149</td><td>18</td><td>2</td><td>11</td><td>1</td><td>94</td><td>14</td><td>*</td><td>186</td></tr><tr><td colspan="11">Federal home loan banks: 13/</td></tr><tr><td>3-1/8/8 Jan. 1963 (Notes)</td><td>283</td><td>78</td><td>10</td><td>4</td><td>1</td><td>11</td><td>70</td><td>?</td><td>-</td><td>101</td></tr><tr><td>3-3/8 Feb. 1963 (Notes)</td><td>260</td><td>75</td><td>12</td><td>4</td><td>4</td><td>27</td><td>31</td><td>11</td><td>-</td><td>95</td></tr><tr><td>3-15 Mar. 1963 (Notes)</td><td>470</td><td>110</td><td>16</td><td>*</td><td>24</td><td>10</td><td>150</td><td>5</td><td>-</td><td>153</td></tr><tr><td>3-1/8 Apr. 1963 (Bonds)</td><td>241</td><td>82</td><td>6</td><td>1</td><td>5</td><td>50</td><td>3</td><td>11</td><td>*</td><td>84</td></tr><tr><td>3-4/8 Apr. 1963 (Notes)</td><td>126</td><td>43</td><td>7</td><td>2</td><td>1</td><td>4</td><td>23</td><td>3</td><td>-</td><td>41</td></tr><tr><td>3-4/8 May 1963 (Notes)</td><td>312</td><td>122</td><td>17</td><td>*</td><td>8</td><td>12</td><td>47</td><td>4</td><td>-</td><td>101</td></tr><tr><td>3-1/4 July 1963 (Bonds)</td><td>280</td><td>84</td><td>25</td><td>3</td><td>*</td><td>13</td><td>34</td><td>3</td><td>-</td><td>118</td></tr><tr><td>3-3/4 Aug. 1963 (Notes)</td><td>110</td><td>36</td><td>8</td><td>*</td><td>5</td><td>4</td><td>9</td><td>-</td><td>-</td><td>47</td></tr><tr><td>3-3/4 Sept. 1963 (Notes)</td><td>450</td><td>167</td><td>22</td><td>2</td><td>9</td><td>11</td><td>108</td><td>4</td><td>-</td><td>128</td></tr><tr><td>3-3/4 Sept. 1965 (Bonds)</td><td>175</td><td>64</td><td>20</td><td>1</td><td>3</td><td>15</td><td>20</td><td>*</td><td>-</td><td>52</td></tr><tr><td>Total Federal home loan banks</td><td>2,707</td><td>861</td><td>144</td><td>18</td><td>61</td><td>157</td><td>497</td><td>49</td><td>*</td><td>920</td></tr><tr><td colspan="11">Federal Intermediate credit banks:</td></tr><tr><td>Debentures</td><td>1,842</td><td>486</td><td>86</td><td>21</td><td>17</td><td>6</td><td>327</td><td>88</td><td>1</td><td>803</td></tr><tr><td colspan="11">Federal land banks: 14/</td></tr><tr><td>3-5/8/8 Feb. 1963 (Bonds)</td><td>115</td><td>29</td><td>8</td><td>1</td><td>2</td><td>1</td><td>2</td><td>3</td><td>*</td><td>69</td></tr><tr><td>2-3/4 May 1963 (Bonds)</td><td>122</td><td>58</td><td>3</td><td>1</td><td>1</td><td>*</td><td>9</td><td>2</td><td>*</td><td>48</td></tr><tr><td>3-5/8 Aug. 1963 (Bonds)</td><td>144</td><td>53</td><td>12</td><td>3</td><td>7</td><td>*</td><td>16</td><td>*</td><td>*</td><td>53</td></tr><tr><td>3-1/4 Oct. 1963 (Bonds)</td><td>136</td><td>50</td><td>11</td><td>*</td><td>9</td><td>*</td><td>15</td><td>1</td><td>*</td><td>51</td></tr><tr><td>4-1/2 Apr. 1964 (Bonds)</td><td>147</td><td>21</td><td>12</td><td>2</td><td>5</td><td>1</td><td>1</td><td>2</td><td>*</td><td>103</td></tr><tr><td>4 Oct. 1964 (Bonds)</td><td>90</td><td>29</td><td>10</td><td>-</td><td>1</td><td>*</td><td>1</td><td>4</td><td>*</td><td>44</td></tr><tr><td>4 Oct. 1965 (Bonds)</td><td>160</td><td>44</td><td>12</td><td>*</td><td>4</td><td>3</td><td>2</td><td>2</td><td>*</td><td>93</td></tr><tr><td>4 Dec. 1965 (Bonds)</td><td>115</td><td>22</td><td>11</td><td>*</td><td>2</td><td>1</td><td>1</td><td>2</td><td>*</td><td>77</td></tr><tr><td>3-5/8 Feb. 1966 (Bonds)</td><td>150</td><td>22</td><td>31</td><td>1</td><td>2</td><td>1</td><td>1</td><td>2</td><td>*</td><td>90</td></tr><tr><td>3-1/4 May 1966 (Bonds)</td><td>108</td><td>40</td><td>5</td><td>1</td><td>5</td><td>1</td><td>-</td><td>*</td><td>*</td><td>55</td></tr><tr><td>4-1/4 July 1966 (Bonds)</td><td>193</td><td>47</td><td>17</td><td>*</td><td>8</td><td>*</td><td>13</td><td>3</td><td>1</td><td>103</td></tr><tr><td>4-1/8 Feb. 1967-72 (Bonds)</td><td>72</td><td>2</td><td>2</td><td>5</td><td>1</td><td>*</td><td>1</td><td>*</td><td>4</td><td>98</td></tr><tr><td>4 May 1967 (Bonds)</td><td>180</td><td>50</td><td>15</td><td>1</td><td>2</td><td>1</td><td>13</td><td>2</td><td>1</td><td>95</td></tr><tr><td>4-1/2 Oct. 1967-70 (Bonds)</td><td>75</td><td>4</td><td>3</td><td>1</td><td>2</td><td>1</td><td>1</td><td>*</td><td>7</td><td>56</td></tr><tr><td>4-1/4 Mar. 1968 (Bonds)</td><td>86</td><td>4</td><td>5</td><td>1</td><td>1</td><td>*</td><td>-</td><td>*</td><td>1</td><td>73</td></tr><tr><td>4-3/8 Mar. 1969 (Bonds)</td><td>100</td><td>6</td><td>5</td><td>1</td><td>2</td><td>*</td><td>*</td><td>1</td><td>5</td><td>80</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>5</td><td>48</td></tr><tr><td>5-1/8 Feb. 1970 (Bonds)</td><td>82</td><td>2</td><td>7</td><td>1</td><td>3</td><td>-</td><td>2</td><td>-</td><td>13</td><td>55</td></tr><tr><td>3-1/2 Apr. 1970 (Bonds)</td><td>83</td><td>10</td><td>8</td><td>*</td><td>1</td><td>2</td><td>-</td><td>*</td><td>7</td><td>54</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>9</td><td>67</td></tr><tr><td>3-1/2 May 1971 (Bonds)</td><td>60</td><td>1</td><td>2</td><td>3</td><td>3</td><td>*</td><td>*</td><td>*</td><td>13</td><td>38</td></tr><tr><td>3-7/8 Sept. 1972 (Bonds)</td><td>109</td><td>1</td><td>2</td><td>5</td><td>2</td><td>1</td><td>1</td><td>*</td><td>9</td><td>88</td></tr><tr><td>4-1/2 Feb. 1974 (Bonds)</td><td>155</td><td>17</td><td>12</td><td>4</td><td>5</td><td>1</td><td>*</td><td>1</td><td>18</td><td>97</td></tr><tr><td>Total Federal land banks</td><td>2,628</td><td>516</td><td>199</td><td>36</td><td>67</td><td>13</td><td>79</td><td>28</td><td>95</td><td>1,595</td></tr><tr><td colspan="11">Federal National Mortgage Association:</td></tr><tr><td>Discount notes</td><td>327</td><td>3</td><td>3</td><td>5</td><td>3</td><td>-</td><td>107</td><td>41</td><td>14</td><td>150</td></tr><tr><td>3-1/4/8 Mar. 1963 (Debentures)</td><td>150</td><td>39</td><td>4</td><td>*</td><td>3</td><td>11</td><td>7</td><td>18</td><td>*</td><td>66</td></tr><tr><td>4-1/8 Nov. 1963 (Debentures)</td><td>100</td><td>16</td><td>7</td><td>*</td><td>8</td><td>6</td><td>-</td><td>6</td><td>*</td><td>57</td></tr><tr><td>3-5/8 May 1964 (Debentures)</td><td>100</td><td>23</td><td>5</td><td>1</td><td>1</td><td>12</td><td>3</td><td>8</td><td>-</td><td>47</td></tr><tr><td>4 Sept. 1964 (Debentures)</td><td>150</td><td>34</td><td>9</td><td>*</td><td>2</td><td>9</td><td>11</td><td>5</td><td>*</td><td>79</td></tr><tr><td>3-7/8 Dec. 1964 (Debentures)</td><td>125</td><td>37</td><td>7</td><td>1</td><td>4</td><td>8</td><td>6</td><td>14</td><td>-</td><td>50</td></tr><tr><td>4-3/8 June 1965 (Debentures)</td><td>100</td><td>15</td><td>8</td><td>1</td><td>4</td><td>8</td><td>-</td><td>*</td><td>1</td><td>63</td></tr><tr><td>3-3/4 Mar. 1966 (Debentures)</td><td>150</td><td>41</td><td>24</td><td>*</td><td>5</td><td>11</td><td>13</td><td>*</td><td>*</td><td>54</td></tr><tr><td>4-1/8 Dec. 1966 (Debentures)</td><td>100</td><td>18</td><td>8</td><td>*</td><td>2</td><td>11</td><td>3</td><td>*</td><td>1</td><td>58</td></tr><tr><td>3-5/8 Mar. 1968 (Debentures)</td><td>100</td><td>17</td><td>5</td><td>1</td><td>4</td><td>25</td><td>-</td><td>*</td><td>*</td><td>48</td></tr><tr><td>4-3/8 Apr. 1969 (Debentures)</td><td>90</td><td>4</td><td>5</td><td>2</td><td>6</td><td>2</td><td>-</td><td>1</td><td>*</td><td>67</td></tr><tr><td>4-5/8 Apr. 1970 (Debentures)</td><td>150</td><td>5</td><td>14</td><td>3</td><td>12</td><td>3</td><td>2</td><td>1</td><td>11</td><td>100</td></tr><tr><td>4-1/8 Sept. 1970 (Debentures)</td><td>125</td><td>12</td><td>6</td><td>1</td><td>6</td><td>6</td><td>1</td><td>*</td><td>2</td><td>91</td></tr><tr><td>4-1/8 Aug. 1971 (Debentures)</td><td>75</td><td>8</td><td>4</td><td>1</td><td>4</td><td>3</td><td>-</td><td>1</td><td>4</td><td>50</td></tr><tr><td>4-1/2 Sept. 1971 (Debentures)</td><td>100</td><td>2</td><td>5</td><td>3</td><td>4</td><td>*</td><td>-</td><td>3</td><td>7</td><td>76</td></tr><tr><td>5-1/8 Feb. 1972 (Debentures)</td><td>100</td><td>1</td><td>8</td><td>3</td><td>3</td><td>*</td><td>-</td><td>*</td><td>10</td><td>74</td></tr><tr><td>4-3/8 June 1972 (Debentures)</td><td>100</td><td>3</td><td>5</td><td>1</td><td>9</td><td>3</td><td>1</td><td>*</td><td>9</td><td>69</td></tr><tr><td>4-1/4 June 1973 (Debentures)</td><td>150</td><td>6</td><td>15</td><td>2</td><td>3</td><td>7</td><td>1</td><td>3</td><td>6</td><td>107</td></tr><tr><td>4-1/2 Feb. 1977 (Debentures)</td><td>200</td><td>13</td><td>18</td><td>10</td><td>6</td><td>6</td><td>-</td><td>5</td><td>21</td><td>121</td></tr><tr><td>Total Federal National Mortgage Association</td><td>2,492</td><td>294</td><td>161</td><td>35</td><td>91</td><td>131</td><td>155</td><td>106</td><td>90</td><td>1,428</td></tr><tr><td colspan="11">Tennessee Valley Authority:</td></tr><tr><td>4-4/8 Nov. 1985 (Bonds)</td><td>50</td><td>*</td><td>*</td><td>5</td><td>*</td><td>*</td><td>-</td><td>1</td><td>20</td><td>23</td></tr><tr><td>4-5/8 July 1986 (Bonds)</td><td>50</td><td>*</td><td>1</td><td>3</td><td>*</td><td>-</td><td>-</td><td>*</td><td>23</td><td>22</td></tr><tr><td>4-1/2 Feb. 1987 (Bonds)</td><td>45</td><td>*</td><td>*</td><td>3</td><td>*</td><td>-</td><td>-</td><td>-</td><td>26</td><td>16</td></tr><tr><td>Total Tennessee Valley Authority</td><td>145</td><td>*</td><td>1</td><td>11</td><td>1</td><td>*</td><td>-</td><td>1</td><td>68</td><td>62</td></tr></table>
Footnotes on preceding page.
December 1962
67
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1962
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 issues which are guaranteed by the United States Government are excluded because they are not regularly quoted in the market.
Table 1.- Treasury Bills (Taxable)
<table><tr><th colspan="2">Amount outstand-ing (millions)</th><th colspan="2">Issue date</th><th rowspan="2">Maturity date</th><th colspan="2">Bank discount</th><th colspan="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></th><th></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="6">Regular weekly bills - 26 weeks</td></tr><tr><td>$1,301</td><td>$702</td><td>9/6/62</td><td>6/7/62</td><td>12/6/62</td><td>2.75%</td><td>+28%</td><td>$701</td><td></td><td>10/4/62</td><td>4/4/63</td><td>2.90%</td><td>+10%</td></tr><tr><td>1,301</td><td>700</td><td>9/13/62</td><td>6/14/62</td><td>12/13/62</td><td>2.55</td><td>+09</td><td>701</td><td></td><td>10/11/62</td><td>4/11/63</td><td>2.91</td><td>+11</td></tr><tr><td>1,301</td><td>701</td><td>9/20/62</td><td>6/21/62</td><td>12/20/62</td><td>2.55</td><td>+07</td><td>700</td><td></td><td>10/18/62</td><td>4/18/63</td><td>2.92</td><td>+12</td></tr><tr><td>1,300</td><td>700</td><td>9/27/62</td><td>6/28/62</td><td>12/27/62</td><td>2.50</td><td>+02</td><td>700</td><td></td><td>10/25/62</td><td>4/25/63</td><td>2.92</td><td>+12</td></tr><tr><td>1,300</td><td>700</td><td>10/4/62</td><td>7/5/62</td><td>1/3/63</td><td>2.69</td><td>+01</td><td>701</td><td></td><td>11/1/62</td><td>5/2/63</td><td>2.93</td><td>+11</td></tr><tr><td>1,301</td><td>700</td><td>10/11/62</td><td>7/12/62</td><td>1/10/63</td><td>2.74</td><td>+05</td><td>702</td><td></td><td>11/8/62</td><td>5/9/63</td><td>2.93</td><td>-</td></tr><tr><td>1,300</td><td>800</td><td>10/18/62</td><td>7/19/62</td><td>1/17/63</td><td>2.82</td><td>+11</td><td>701</td><td></td><td>11/15/62</td><td>5/16/63</td><td>2.93</td><td>-</td></tr><tr><td>1,301</td><td>803</td><td>10/25/62</td><td>7/26/62</td><td>1/24/63</td><td>2.84</td><td>+12</td><td>800</td><td></td><td>11/23/62</td><td>5/23/63</td><td>2.94</td><td>-</td></tr><tr><td>1,301</td><td>800</td><td>11/1/62</td><td>8/2/62</td><td>1/31/63</td><td>2.84</td><td>+12</td><td>801</td><td></td><td>11/29/62</td><td>5/31/63</td><td>2.92</td><td>-</td></tr><tr><td>1,301</td><td>800</td><td>11/8/62</td><td>8/9/62</td><td>2/7/63</td><td>2.86</td><td>+12</td><td colspan="6">Tax anticipation bills</td></tr><tr><td>1,302</td><td>804</td><td>11/15/62</td><td>8/16/62</td><td>2/14/63</td><td>2.86</td><td>+11</td><td>$3,005</td><td></td><td>10/3/62</td><td>3/22/63</td><td>2.88%</td><td>+10%</td></tr><tr><td>1,300</td><td>800</td><td>11/23/62</td><td>8/23/62</td><td>2/21/63</td><td>2.86</td><td>+10</td><td colspan="6">Other bills</td></tr><tr><td>1,300</td><td>800</td><td>11/29/62</td><td>8/30/62</td><td>2/28/63</td><td>2.86</td><td>+10</td><td>$2,001</td><td></td><td>1/15/62</td><td>1/15/63</td><td>2.80%</td><td>+09%</td></tr><tr><td>-</td><td>800</td><td></td><td>9/6/62</td><td>3/7/63</td><td>2.88</td><td>+10</td><td>2,001</td><td></td><td>4/15/62</td><td>4/15/63</td><td>2.92</td><td>+12</td></tr><tr><td>-</td><td>801</td><td></td><td>9/13/62</td><td>3/14/63</td><td>2.88</td><td>+10</td><td>2,004</td><td></td><td>7/15/62</td><td>7/15/63</td><td>2.92</td><td>+10</td></tr><tr><td>-</td><td>801</td><td></td><td>9/20/62</td><td>3/21/63</td><td>2.89</td><td>+10</td><td>2,500</td><td></td><td>10/15/62</td><td>10/15/63</td><td>2.96</td><td>+07</td></tr><tr><td>-</td><td>700</td><td></td><td>9/27/62</td><td>3/28/63</td><td>2.88</td><td>+09</td><td></td><td></td><td></td><td></td><td></td><td></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>$5,719</td><td>3-1/2%</td><td>2/15/63-A</td><td>100.05%</td><td>-.02%</td><td>2.60%</td><td>.00%</td></tr><tr><td>5,284</td><td>3-1/4</td><td>5/15/63-B</td><td>100.05</td><td>-.02</td><td>2.89</td><td>+.05</td></tr><tr><td>6,851</td><td>3-1/2</td><td>8/15/63-C</td><td>100.11%</td><td>-.04</td><td>2.98</td><td>+.11</td></tr><tr><td>4,856</td><td>3-1/8</td><td>11/15/63-D</td><td>100.06</td><td>-.02</td><td>2.92</td><td>+.06</td></tr></table>
Table 3.- Treasury Notes (Taxable)
(Price decimals are 32nds)
<table><tr><th>Amount outstanding (millions)</th><th colspan="3">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th>Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th></th><th></th><th></th><th></th><th>Bid</th><th>Change from last month</th><th>To maturity</th><th>Change from last month</th><th></th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$1,487</td><td>2-5/8%</td><td>-</td><td>2/15/63-A</td><td>100.00</td><td>.00</td><td>2.61%</td><td>.00%</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>2,259</td><td>3-1/4</td><td>-</td><td>2/15/63-B</td><td>100.04</td><td>-.01½</td><td>2.59</td><td>-.04</td><td>11/15/61</td><td>100.11</td><td>4/9/62</td><td>99.27</td><td>1/10/62</td></tr><tr><td>1,183</td><td>4</td><td>-</td><td>5/15/63-B</td><td>100.15</td><td>-.05</td><td>2.93</td><td>+.11</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>3,027</td><td>3-1/4</td><td>-</td><td>5/15/63-D</td><td>100.05</td><td>-.02</td><td>2.89</td><td>+.05</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>101.24½</td><td>-.06½</td><td>2.97</td><td>+.04</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>102.07</td><td>-.06</td><td>3.17</td><td>+.04</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>100.27</td><td>-.03</td><td>3.15</td><td>+.03</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>102.31</td><td>-.12</td><td>3.19</td><td>+.15</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-B</td><td>100.27</td><td>-.06</td><td>3.24</td><td>+.09</td><td>8/1/61</td><td>101.08</td><td>10/4/62</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>103.01</td><td>-.11</td><td>3.26</td><td>+.11</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>-.11</td><td>3.31</td><td>+.09</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>3,287</td><td>3-1/2</td><td>-</td><td>11/15/65-B</td><td>100.09</td><td>-.01</td><td>3.38</td><td>-.01</td><td>11/15/62</td><td>100.10½</td><td>11/9/62</td><td>100.06</td><td>11/20/62</td></tr><tr><td>3,114</td><td>3-5/8</td><td>-</td><td>2/15/66-B</td><td>100.17</td><td>-.03</td><td>3.45</td><td>+.03</td><td>2/15/62</td><td>100.23</td><td>10/4/62</td><td>99.18</td><td>7/18/62</td></tr><tr><td>4,454</td><td>4</td><td>-</td><td>8/15/66-A</td><td>101.25</td><td>+.03</td><td>3.48</td><td>-.04</td><td>2/15/62</td><td>102.02</td><td>6/12/62</td><td>100.02</td><td>2/5/62</td></tr><tr><td>5,282</td><td>3-3/4</td><td>-</td><td>8/15/67-A</td><td>100.24</td><td>+.08</td><td>3.58</td><td>-.06</td><td>9/15/62</td><td>100.26</td><td>11/9/62</td><td>99.23½</td><td>9/7/62</td></tr><tr><td>533</td><td>1-1/2</td><td>-</td><td>4/1/63-EA</td><td>99.17</td><td>-.01</td><td>2.95</td><td>+.38</td><td>4/1/58</td><td>99.18</td><td>10/31/62</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-BD</td><td>99.03</td><td>+.01</td><td>2.63</td><td>+.08</td><td>10/1/58</td><td>99.03</td><td>11/30/62</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>98.14</td><td>.00</td><td>2.71</td><td>+.08</td><td>4/1/59</td><td>98.16</td><td>11/9/62</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-BD</td><td>97.20</td><td>-.06</td><td>2.84</td><td>+.16</td><td>10/1/59</td><td>97.27</td><td>10/30/62</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>96.22</td><td>-.04</td><td>2.99</td><td>+.11</td><td>4/1/60</td><td>97.00</td><td>10/29/62</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-BD</td><td>96.00</td><td>-.12</td><td>2.99</td><td>+.19</td><td>10/1/60</td><td>96.14</td><td>10/30/62</td><td>90.06</td><td>11/29/60</td></tr><tr><td>675</td><td>1-1/2</td><td>-</td><td>4/1/66-EA</td><td>94.31</td><td>-.13</td><td>3.10</td><td>+.17</td><td>4/1/61</td><td>95.14</td><td>10/30/62</td><td>89.06</td><td>9/8/61</td></tr><tr><td>357</td><td>1-1/2</td><td>-</td><td>10/1/66-BD</td><td>94.04</td><td>-.10</td><td>3.14</td><td>+.12</td><td>10/1/61</td><td>94.16</td><td>10/30/62</td><td>89.12</td><td>10/11/61</td></tr><tr><td>270</td><td>1-1/2</td><td>-</td><td>4/1/67-EA</td><td>93.08</td><td>-.08</td><td>3.18</td><td>+.09</td><td>4/1/62</td><td>93.18</td><td>11/9/62</td><td>90.09</td><td>7/9/62</td></tr><tr><td>13</td><td>1-1/2</td><td>-</td><td>10/1/67-BD</td><td>92.18</td><td>-.04</td><td>3.17</td><td>+.05</td><td>10/1/62</td><td>92.26</td><td>11/14/62</td><td>92.00</td><td>10/1/62</td></tr></table>
Footnotes at end of Table 5.
68
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1962
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
<table><tr><th rowspan="2">Amount outstanding (millions)</th><th rowspan="2">Description</th><th colspan="2">Price</th><th colspan="2">Yield</th><th rowspan="2">Issue date</th><th colspan="4">Price range since first traded 2/</th></tr><tr><th>Bid</th><th>Change from last month</th><th>To first call or maturity 2/</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$218</td><td>2-1/4%</td><td>12/15/59-62</td><td>99.22</td><td>-</td><td>2.93%</td><td>-</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>8/15/63</td><td>99.22</td><td>-.01</td><td>3.03</td><td>+.08%</td><td>12/15/54</td><td>100.24</td><td>4/18/58</td><td>91.05</td><td>9/15/59</td></tr><tr><td>2,700</td><td>3-5/8%</td><td>2/15/64</td><td>98.21</td><td>-.02</td><td>3.22</td><td>+.03</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>4,682</td><td>2-5/8%</td><td>2/15/65</td><td>98.24</td><td>-.02</td><td>3.22</td><td>+.05</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>3,597</td><td>3-3/4%</td><td>5/15/66</td><td>100.28</td><td>+.02</td><td>3.48</td><td>-.02</td><td>11/15/60</td><td>102.11</td><td>5/15/61</td><td>99.09</td><td>2/1/62</td></tr><tr><td>1,484</td><td>3%</td><td>8/15/66</td><td>99.00</td><td>+.07</td><td>3.29</td><td>-.06</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>11/15/66</td><td>99.22</td><td>-.02</td><td>3.46</td><td>+.02</td><td>3/15/61</td><td>100.06</td><td>5/15/61</td><td>97.10</td><td>12/12/61</td></tr><tr><td>1,462</td><td>2-1/2%</td><td>6/15/67</td><td>96.06</td><td>-.08</td><td>3.42</td><td>+.08</td><td>5/5/42</td><td>108.12</td><td>4/6/46</td><td>84.22</td><td>9/13/59</td></tr><tr><td>3,604</td><td>3-5/8%</td><td>11/15/67</td><td>100.09</td><td>+.11</td><td>3.56</td><td>-.08</td><td>3/25/61</td><td>100.24</td><td>5/2/61</td><td>97.18</td><td>8/15/61</td></tr><tr><td>2,460</td><td>3-7/8%</td><td>5/15/68</td><td>103.10</td><td>-.07</td><td>3.61</td><td>-.07</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>1,258</td><td>3-3/4%</td><td>8/15/68</td><td>100.22</td><td>+.08</td><td>3.62</td><td>-.05</td><td>4/18/62</td><td>100.26</td><td>11/9/62</td><td>99.08</td><td>7/9/62</td></tr><tr><td>1,816</td><td>2-1/2%</td><td>12/15/63-68</td><td>94.08</td><td>+.07</td><td>3.57</td><td>-.03</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>1,844</td><td>4%</td><td>2/15/69</td><td>101.21</td><td>+.15</td><td>3.70</td><td>-.09</td><td>8/15/62</td><td>101.21</td><td>11/30/62</td><td>99.31</td><td>7/31/62</td></tr><tr><td>2,633</td><td>2-1/2%</td><td>6/15/64-69</td><td>93.06</td><td>+.05</td><td>3.68</td><td>-.02</td><td>4/1/43</td><td>107.25</td><td>4/6/46</td><td>81.10</td><td>1/6/60</td></tr><tr><td>2,538</td><td>4%</td><td>10/1/69</td><td>101.18</td><td>+.12</td><td>3.74</td><td>-.06</td><td>10/1/57</td><td>110.14</td><td>4/21/58</td><td>94.04</td><td>12/30/59</td></tr><tr><td>2,545</td><td>2-1/2%</td><td>12/15/64-69</td><td>92.16</td><td>+.02</td><td>3.72</td><td>.00</td><td>9/1/43</td><td>107.24</td><td>4/16/46</td><td>81.04</td><td>1/6/60</td></tr><tr><td>2,423</td><td>2-1/2%</td><td>3/15/65-70</td><td>92.10</td><td>.00</td><td>3.71</td><td>+.01</td><td>2/1/44</td><td>107.23</td><td>4/6/46</td><td>80.10</td><td>1/6/60</td></tr><tr><td>1,412</td><td>2-1/2%</td><td>3/15/66-71</td><td>91.10</td><td>-.02</td><td>3.73</td><td>+.02</td><td>12/1/44</td><td>107.22</td><td>4/6/46</td><td>79.28</td><td>1/6/60</td></tr><tr><td>2,806</td><td>4%</td><td>8/15/71</td><td>100.24</td><td>+.02</td><td>3.90</td><td>-.01</td><td>3/1/62</td><td>101.15</td><td>4/4/62</td><td>99.04</td><td>2/20/62</td></tr><tr><td>1,204</td><td>3-7/8%</td><td>11/15/71</td><td>100.00</td><td>+.06</td><td>3.88</td><td>-.02</td><td>5/1/62</td><td>100.01</td><td>10/19/62</td><td>98.22</td><td>7/31/62</td></tr><tr><td>2,344</td><td>4%</td><td>2/15/72</td><td>100.16</td><td>+.06</td><td>3.93</td><td>-.03</td><td>11/1/62</td><td>100.19</td><td>11/9/62</td><td>100.07</td><td>10/26/62</td></tr><tr><td>1,328</td><td>2-1/2%</td><td>6/15/72</td><td>90.10</td><td>-.02</td><td>3.72</td><td>+.02</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>2,579</td><td>4%</td><td>8/15/72</td><td>100.14</td><td>+.04</td><td>3.95</td><td>-.01</td><td>9/15/62</td><td>100.20</td><td>10/19/62</td><td>99.17</td><td>9/7/62</td></tr><tr><td>1,952</td><td>2-1/2%</td><td>9/15/67-72</td><td>89.26</td><td>-.04</td><td>3.75</td><td>+.02</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>2,810</td><td>2-1/2%</td><td>12/15/67-72</td><td>89.22</td><td>-.02</td><td>3.74</td><td>+.01</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>1,171</td><td>3-7/8%</td><td>11/15/74</td><td>99.24</td><td>+.10</td><td>3.90</td><td>-.03</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>1,446</td><td>4%</td><td>2/15/80</td><td>100.12</td><td>+.06</td><td>3.97</td><td>-.01</td><td>1/23/59</td><td>103.18</td><td>9/12/61</td><td>93.08</td><td>1/6/60</td></tr><tr><td>1,915</td><td>3-1/2%</td><td>11/15/80</td><td>94.24</td><td>+.04</td><td>3.91</td><td>-.01</td><td>10/3/60</td><td>97.24</td><td>5/12/61</td><td>91.08</td><td>2/20/62</td></tr><tr><td>1,593</td><td>3-1/4%</td><td>6/15/78-83</td><td>91.08</td><td>-.08</td><td>3.87</td><td>+.02</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>1,131</td><td>3-1/4%</td><td>5/15/85</td><td>91.08</td><td>-.08</td><td>3.83</td><td>+.01</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>5/15/75-85</td><td>103.27</td><td>-.03</td><td>3.86</td><td>+.01</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>4,915</td><td>3-1/2%</td><td>2/15/90</td><td>93.10</td><td>-.06</td><td>3.90</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>365</td><td>4-1/4%</td><td>8/15/87-92</td><td>103.06</td><td>-.06</td><td>4.04</td><td>+.01</td><td>8/15/62</td><td>103.24</td><td>11/9/62</td><td>100.28</td><td>7/31/62</td></tr><tr><td>2,612</td><td>3%</td><td>2/15/95</td><td>89.08</td><td>+.02</td><td>3.56</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>4,460</td><td>3-1/2%</td><td>11/15/98</td><td>92.11</td><td>+.03</td><td>3.90</td><td>.00</td><td>10/3/60</td><td>95.14</td><td>5/12/61</td><td>87.10</td><td>2/20/62</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</th><th>Change from last month</th><th colspan="2">High</th><th colspan="2">Low</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Price</th><th>Date</th><th>Price</th><th>Date</th></tr><tr><td>$1,485 6/</td><td>2-3/4% - 12/15/60-65</td><td>4/</td><td>-</td><td>4/</td><td>-</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>
1/ Includes approximately $100 million issued for cash on November 15, 1962 as part of a "strip" of additional amounts of ten series of Treasury bills, maturing each week from January 17 to March 21, 1963.
2/ Beginning April 1953, prices are closing bid quotations in the over-the-counter market. Prior to that date, the dates of 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.
2/ 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.
4/ Not quoted on November 30, 1962.
5/ Included in the average yield of long-term taxable Treasury bonds as shown under "Average Yields of Long-Term Bonds."
6/ Called for redemption on December 15, 1962. Amount outstanding includes $1,409 million acquired by Treasury for retirement on December 15, 1962, in exchange for various issues on November 15, 1962.
YEARS OF TAXABLE TREASURY SECURITIES, NOV. 30, 1962
Based on Closing Bid Quotations
The points represent yields to call when prices are above par, and to maturity date when prices are at par, or below. The smooth curves for the two classes of points are fitted by eye. Market yields on regular weekly bills other than those offered the latest week and on maturing coupon issues for which an exchange offer has been made and on only issues which are due in less than 3 months are excluded.
Office of the Secretary of the Treasury
December 1962
69
DAILY MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1962
F-598-K
70
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM BONDS
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods (Percent per annum)
<table><tr><th>Period</th><th>Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th>Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th><th>Period</th><th>Treasury bonds 1/</th><th>Moody's Aaa corporate bonds</th></tr><tr><td colspan="9">Annual series - calendar year averages of monthly series</td></tr><tr><td>1942</td><td>2.46</td><td>2.83</td><td>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>1961</td><td>3.90</td><td>4.35</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><tr><td colspan="9">Monthly series - averages of daily series</td></tr><tr><td>1953-April</td><td>2.97 2/</td><td>3.23</td><td>1956-July</td><td>3.00</td><td>3.28</td><td>1959-October</td><td>4.11 3/</td><td>4.57</td></tr><tr><td>May</td><td>3.11</td><td>3.34</td><td>August</td><td>3.17</td><td>3.43</td><td>November</td><td>4.12</td><td>4.56</td></tr><tr><td>June</td><td>3.13</td><td>3.40</td><td>September</td><td>3.21</td><td>3.56</td><td>December</td><td>4.27</td><td>4.58</td></tr><tr><td>July</td><td>3.02</td><td>3.28</td><td>October</td><td>3.20</td><td>3.59</td><td>1960-January</td><td>4.37</td><td>4.61</td></tr><tr><td>August</td><td>3.02</td><td>3.24</td><td>November</td><td>3.30</td><td>3.69</td><td>February</td><td>4.22</td><td>4.56</td></tr><tr><td>September</td><td>2.98</td><td>3.29</td><td>December</td><td>3.40</td><td>3.75</td><td>March</td><td>4.08</td><td>4.49</td></tr><tr><td>October</td><td>2.83</td><td>3.16</td><td>1957-January</td><td>3.34</td><td>3.77</td><td>April</td><td>4.18 2/</td><td>4.45</td></tr><tr><td>November</td><td>2.86</td><td>3.11</td><td>February</td><td>3.22</td><td>3.67</td><td>May</td><td>4.16</td><td>4.46</td></tr><tr><td>December</td><td>2.79 3/</td><td>3.13</td><td>March</td><td>3.26</td><td>3.66</td><td>June</td><td>3.98</td><td>4.45</td></tr><tr><td>1954-January</td><td>2.69</td><td>3.06</td><td>April</td><td>3.32</td><td>3.67</td><td>July</td><td>3.86</td><td>4.41</td></tr><tr><td>February</td><td>2.62</td><td>2.95</td><td>May</td><td>3.40</td><td>3.74</td><td>August</td><td>3.79</td><td>4.28</td></tr><tr><td>March</td><td>2.53</td><td>2.86</td><td>June</td><td>3.58 2/</td><td>3.91</td><td>September</td><td>3.84 2/</td><td>4.25</td></tr><tr><td>April</td><td>2.48</td><td>2.85</td><td>July</td><td>3.60</td><td>3.99</td><td>October</td><td>3.91</td><td>4.30</td></tr><tr><td>May</td><td>2.54</td><td>2.88</td><td>August</td><td>3.69</td><td>4.10</td><td>November</td><td>3.93</td><td>4.31</td></tr><tr><td>June</td><td>2.55 3/</td><td>2.90</td><td>September</td><td>3.66 2/ 3/</td><td>4.12</td><td>December</td><td>3.88</td><td>4.35</td></tr><tr><td>July</td><td>2.47</td><td>2.89</td><td>October</td><td>3.73</td><td>4.10</td><td>1961-January</td><td>3.89</td><td>4.32</td></tr><tr><td>August</td><td>2.48</td><td>2.87</td><td>November</td><td>3.57 2/</td><td>4.08</td><td>February</td><td>3.81</td><td>4.27</td></tr><tr><td>September</td><td>2.52</td><td>2.89</td><td>December</td><td>3.30 3/</td><td>3.81</td><td>March</td><td>3.78</td><td>4.22</td></tr><tr><td>October</td><td>2.54</td><td>2.87</td><td>1958-January</td><td>3.24 2/</td><td>3.60</td><td>April</td><td>3.80</td><td>4.25</td></tr><tr><td>November</td><td>2.57</td><td>2.89</td><td>February</td><td>3.28</td><td>3.59</td><td>May</td><td>3.73</td><td>4.27</td></tr><tr><td>December</td><td>2.59 2/</td><td>2.90</td><td>March</td><td>3.25</td><td>3.63</td><td>June</td><td>3.88</td><td>4.33</td></tr><tr><td>1955-January</td><td>2.68 2/</td><td>2.93</td><td>April</td><td>3.12</td><td>3.60</td><td>July</td><td>3.90</td><td>4.41</td></tr><tr><td>February</td><td>2.78</td><td>2.99</td><td>May</td><td>3.14</td><td>3.57</td><td>August</td><td>4.00</td><td>4.45</td></tr><tr><td>March</td><td>2.78 2/</td><td>3.02</td><td>June</td><td>3.20 2/</td><td>3.57</td><td>September</td><td>4.02</td><td>4.45</td></tr><tr><td>April</td><td>2.82</td><td>3.01</td><td>July</td><td>3.36</td><td>3.67</td><td>October</td><td>3.98</td><td>4.42</td></tr><tr><td>May</td><td>2.81</td><td>3.04</td><td>August</td><td>3.60</td><td>3.85</td><td>November</td><td>3.98</td><td>4.39</td></tr><tr><td>June</td><td>2.82</td><td>3.05</td><td>September</td><td>3.75</td><td>4.09</td><td>December</td><td>4.06</td><td>4.42</td></tr><tr><td>July</td><td>2.91</td><td>3.06</td><td>October</td><td>3.76</td><td>4.11</td><td>1962-January</td><td>4.08</td><td>4.42</td></tr><tr><td>August</td><td>2.95</td><td>3.11</td><td>November</td><td>3.70</td><td>4.09</td><td>February</td><td>4.09</td><td>4.42</td></tr><tr><td>September</td><td>2.92</td><td>3.13</td><td>December</td><td>3.80</td><td>4.08</td><td>March</td><td>4.01</td><td>4.39</td></tr><tr><td>October</td><td>2.87</td><td>3.10</td><td>1959-January</td><td>3.91 2/</td><td>4.12</td><td>April</td><td>3.89</td><td>4.33</td></tr><tr><td>November</td><td>2.89</td><td>3.15</td><td>February</td><td>3.92</td><td>4.14</td><td>May</td><td>3.88</td><td>4.28</td></tr><tr><td>December</td><td>2.91</td><td>3.15</td><td>March</td><td>3.92</td><td>4.13</td><td>June</td><td>3.90</td><td>4.28</td></tr><tr><td>1956-January</td><td>2.88</td><td>3.11</td><td>April</td><td>4.01</td><td>4.23</td><td>July</td><td>4.02 2/</td><td>4.34</td></tr><tr><td>February</td><td>2.85</td><td>3.08</td><td>May</td><td>4.08</td><td>4.37</td><td>August</td><td>3.98</td><td>4.35</td></tr><tr><td>March</td><td>2.93 2/</td><td>3.10</td><td>June</td><td>4.09</td><td>4.46</td><td>September</td><td>3.94</td><td>4.32</td></tr><tr><td>April</td><td>3.07</td><td>3.24</td><td>July</td><td>4.11</td><td>4.47</td><td>October</td><td>3.89</td><td>4.28</td></tr><tr><td>May</td><td>2.97</td><td>3.28</td><td>August</td><td>4.10</td><td>4.43</td><td>November</td><td>3.87</td><td>4.25</td></tr><tr><td>June</td><td>2.93</td><td>3.27</td><td>September</td><td>4.26</td><td>4.52</td><td></td><td></td><td></td></tr><tr><td colspan="9">Weekly series - averages of daily series for weeks ending -</td></tr><tr><td>1962-June</td><td>1...</td><td>3.89</td><td>4.28</td><td>1962-August</td><td>3...</td><td>4.04</td><td>4.37</td><td>1962-October</td><td>5...</td><td>3.90</td><td>4.29</td></tr><tr><td>8...</td><td>3.88</td><td>4.28</td><td>10...</td><td>4.02</td><td>4.36</td><td>12...</td><td>3.90</td><td>4.28</td></tr><tr><td>15...</td><td>3.87</td><td>4.28</td><td>17...</td><td>3.99</td><td>4.36</td><td>19...</td><td>3.88</td><td>4.27</td></tr><tr><td>22...</td><td>3.90</td><td>4.29</td><td>24...</td><td>3.94</td><td>4.34</td><td>26...</td><td>3.89</td><td>4.27</td></tr><tr><td>29...</td><td>3.95</td><td>4.29</td><td>31...</td><td>3.94</td><td>4.34</td><td>November</td><td>2...</td><td>3.87</td><td>4.26</td></tr><tr><td>July</td><td>6...</td><td>3.99</td><td>4.32</td><td>September</td><td>7...</td><td>3.96</td><td>4.33</td><td>9...</td><td>3.86</td><td>4.26</td></tr><tr><td>13...</td><td>4.03</td><td>4.34</td><td>14...</td><td>3.95</td><td>4.32</td><td>16...</td><td>3.87</td><td>4.25</td></tr><tr><td>20...</td><td>4.03</td><td>4.34</td><td>21...</td><td>3.94</td><td>4.31</td><td>23...</td><td>3.88</td><td>4.24</td></tr><tr><td>27...</td><td>4.02</td><td>4.36</td><td>28...</td><td>3.93</td><td>4.31</td><td>30...</td><td>3.88</td><td>4.25</td></tr><tr><td colspan="9">Daily series - unweighted averages</td></tr><tr><td>1962-November</td><td>1...</td><td>3.88</td><td>4.26</td><td>1962-November</td><td>12...</td><td>4/</td><td>4/</td><td>1962-November</td><td>21...</td><td>3.87</td><td>4.25</td></tr><tr><td>2...</td><td>3.87</td><td>4.26</td><td>13...</td><td>3.86</td><td>4.25</td><td>22...</td><td>3/</td><td>4/</td></tr><tr><td>5...</td><td>3.86</td><td>4.26</td><td>14...</td><td>3.86</td><td>4.25</td><td>23...</td><td>3.88</td><td>4.24</td></tr><tr><td>6...</td><td>4/</td><td>4.26</td><td>15...</td><td>3.87</td><td>4.25</td><td>26...</td><td>3.88</td><td>4.24</td></tr><tr><td>7...</td><td>3.86</td><td>4.26</td><td>16...</td><td>3.88</td><td>4.24</td><td>27...</td><td>3.88</td><td>4.25</td></tr><tr><td>8...</td><td>3.85</td><td>4.26</td><td>19...</td><td>3.88</td><td>4.24</td><td>28...</td><td>3.88</td><td>4.25</td></tr><tr><td>9...</td><td>3.85</td><td>4.25</td><td>20...</td><td>3.88</td><td>4.24</td><td>29...</td><td>3.87</td><td>4.25</td></tr><tr><td></td><td>30...</td><td>3.87</td><td></td><td></td><td></td><td>30...</td><td>3.87</td><td>4.25</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 Ass 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 1). 4/ Market closed.
December 1962
F-220-M-7
Office of the Secretary of the Treasury
71
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series 1
Monthly averages of daily figures. 2 See footnote 1 to Table I under "Average Yields of Long-Term Bonds."
AVERAGE YIELDS OF LONG-TERM BONDS
Treasury Bulletin
72
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>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>1962</td><td>33,770</td><td>31,117</td><td>29</td><td>2,009</td><td>*</td><td>318</td><td>28,622</td><td>85</td><td>53</td></tr><tr><td>1961-December</td><td>33,918</td><td>31,336</td><td>30</td><td>2,120</td><td>*</td><td>314</td><td>28,731</td><td>89</td><td>54</td></tr><tr><td>1962-January</td><td>32,774</td><td>30,222</td><td>29</td><td>1,974</td><td>*</td><td>306</td><td>27,771</td><td>88</td><td>54</td></tr><tr><td>February</td><td>32,880</td><td>30,319</td><td>29</td><td>1,969</td><td>*</td><td>310</td><td>27,869</td><td>87</td><td>53</td></tr><tr><td>March</td><td>33,018</td><td>30,438</td><td>29</td><td>2,013</td><td>*</td><td>314</td><td>27,941</td><td>87</td><td>53</td></tr><tr><td>April</td><td>33,159</td><td>30,547</td><td>29</td><td>2,030</td><td>*</td><td>316</td><td>28,033</td><td>86</td><td>53</td></tr><tr><td>May</td><td>33,518</td><td>30,881</td><td>29</td><td>2,035</td><td>*</td><td>320</td><td>28,358</td><td>86</td><td>53</td></tr><tr><td>June</td><td>33,770</td><td>31,117</td><td>29</td><td>2,009</td><td>*</td><td>318</td><td>28,622</td><td>85</td><td>53</td></tr><tr><td>July</td><td>33,869</td><td>31,197</td><td>29</td><td>1,980</td><td>*</td><td>317</td><td>28,734</td><td>84</td><td>53</td></tr><tr><td>August</td><td>33,932</td><td>31,245</td><td>20</td><td>1,945</td><td>*</td><td>318</td><td>28,842</td><td>83</td><td>38</td></tr><tr><td>September</td><td>33,893</td><td>31,192</td><td>20</td><td>1,943</td><td>*</td><td>316</td><td>28,792</td><td>82</td><td>38</td></tr><tr><td>October</td><td>34,109 2/</td><td>31,382</td><td>20 4/</td><td>1,947 5/</td><td>*</td><td>318</td><td>28,976 6/</td><td>82</td><td>38</td></tr></table>
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Coin</th><th rowspan="2">Money in circulation per capita (in dollars) 2/</th></tr><tr><th>Total coin</th><th>Standard silver dollars</th><th>Subsidiary silver</th><th>Minor coin</th></tr><tr><td>1955</td><td>1,858</td><td>223</td><td>1,202</td><td>433</td><td>182.90r</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>177.47r</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>1962</td><td>2,652</td><td>360</td><td>1,663</td><td>629</td><td>180.98</td></tr><tr><td>1961-December</td><td>2,582</td><td>346</td><td>1,622</td><td>614</td><td>183.17</td></tr><tr><td>1962-January</td><td>2,552</td><td>347</td><td>1,594</td><td>611</td><td>176.79</td></tr><tr><td>February</td><td>2,562</td><td>348</td><td>1,601</td><td>613</td><td>177.17</td></tr><tr><td>March</td><td>2,580</td><td>349</td><td>1,615</td><td>616</td><td>177.70</td></tr><tr><td>April</td><td>2,612</td><td>353</td><td>1,638</td><td>621</td><td>178.13</td></tr><tr><td>May</td><td>2,637</td><td>356</td><td>1,655</td><td>626</td><td>179.85</td></tr><tr><td>June</td><td>2,652</td><td>360</td><td>1,663</td><td>629</td><td>180.98</td></tr><tr><td>July</td><td>2,671</td><td>363</td><td>1,673</td><td>635</td><td>181.27</td></tr><tr><td>August</td><td>2,687</td><td>367</td><td>1,680</td><td>639</td><td>181.35</td></tr><tr><td>September</td><td>2,701</td><td>370</td><td>1,689</td><td>642</td><td>180.88</td></tr><tr><td>October</td><td>2,727</td><td>373</td><td>1,707</td><td>647</td><td>181.80</td></tr></table>
Source: Circulation Statement of United States Money.
1/ Excludes money held by the Treasury and money held by or for the account of the Federal Reserve Banks and agents.
2/ The following paper currencies are in process of retirement and are redeemable from the general fund of the Treasury: Gold certificates issued before January 30, 1934, silver certificates issued before July 1, 1929, and notes of the Treasury. Federal Reserve notes issued before the series of 1928, Federal Reserve Bank notes, and national bank notes. 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 (31 U.S.C. 912-916). The authorized retirement 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. Accordingly, the Secretary of the Treasury has determined that the following paper currencies have been destroyed or irretrievably lost and so will never be presented for redemption: On October 20, 1961, $1 million of Treasury notes of 1890; and on August 27, 1962, $9 million of gold certificates, $15 million of silver certificates, $18 million of Federal Reserve notes, $1 million of Federal Reserve Bank notes, and $15 million of national bank notes. 2/ His assessment to date. 4/ Includes $15 million issued before July 1, 1929. 5/ Includes $18 million issued prior to the series of 1928. 6/ Based on the Bureau of the Census estimated population. Through fiscal 1958 the estimated population is for the conterminous United States (that is, exclusive of Alaska, Hawaii, and the outlying areas such as Puerto Rico, Guam, and the Virgin Islands). Beginning with fiscal 1959 the estimates include Alaska, and with fiscal 1960, Hawaii. 7/ Less than $500,000. r Revised.
December 1962
73
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>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>18.4</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>1962</td><td>16,435.2</td><td>4,317.4</td><td>20.8</td></tr><tr><td>1961-December</td><td>16,889.0</td><td>4,308.6</td><td>20.3</td></tr><tr><td>1962-January</td><td>16,815.1</td><td>4,307.6</td><td>20.4</td></tr><tr><td>February</td><td>16,789.6</td><td>4,312.6</td><td>20.4</td></tr><tr><td>March</td><td>16,608.4</td><td>4,312.3</td><td>20.6</td></tr><tr><td>April</td><td>16,494.5</td><td>4,312.0</td><td>20.7</td></tr><tr><td>May</td><td>16,434.4</td><td>4,315.1</td><td>20.8</td></tr><tr><td>June</td><td>16,435.2</td><td>4,317.4</td><td>20.8</td></tr><tr><td>July</td><td>16,147.4</td><td>4,317.2</td><td>21.1</td></tr><tr><td>August</td><td>16,097.6</td><td>4,316.8</td><td>21.2</td></tr><tr><td>September</td><td>16,067.4</td><td>4,317.2</td><td>21.2</td></tr><tr><td>October</td><td>15,977.9</td><td>4,317.2</td><td>21.2</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>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</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</td><td>16,889.0</td><td>16,771.2</td><td>117.8</td></tr><tr><td>1962-January</td><td>16,815.1</td><td>16,698.0</td><td>117.1</td></tr><tr><td>February</td><td>16,789.6</td><td>16,689.7</td><td>103.9</td></tr><tr><td>March</td><td>16,608.4</td><td>16,492.1</td><td>116.3</td></tr><tr><td>April</td><td>16,494.5</td><td>16,377.8</td><td>116.7</td></tr><tr><td>May</td><td>16,434.4</td><td>16,313.8</td><td>120.6</td></tr><tr><td>June</td><td>16,435.2</td><td>16,314.1</td><td>121.2</td></tr><tr><td>July</td><td>16,147.4</td><td>16,027.3</td><td>120.2</td></tr><tr><td>August</td><td>16,097.6</td><td>15,972.9</td><td>124.7</td></tr><tr><td>September</td><td>16,067.4</td><td>15,952.2</td><td>115.1</td></tr><tr><td>October</td><td>15,977.9</td><td>15,847.6</td><td>130.4</td></tr></table>
Source: Circulation Statement of United States Money. 1/ Treasury gold stock; does not include gold in Exchange Stabilization Fund. See "International Financial Statistics," Table 1. 2/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; (2) gold certificate credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (3) reserve
of $156.0 million against United States notes and through June 30, 1961, Treasury notes of 1890. 
3/ The United States payment of the $143.8 million increase in its gold subscription to the International Monetary Fund, authorized by the act approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959 (see "Budget Receipts and Expenditures," Table 3, footnote 13).
74
Treasury Bulletin
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="2">Silver held in Treasury</th><th colspan="2"></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="2">In Treasurer's account</th><th colspan="2"></th></tr><tr><th></th><th>Silver bullion 2/</th><th>Silver dollars</th><th>Subsidiary coin 3/</th><th>Silver bullion 4/</th><th>Silver dollars 1/</th><th>Subsidiary coin 2/</th><th></th></tr><tr><td>1955.</td><td>2,194.4</td><td>253.5</td><td>15.7</td><td>17.9</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>63.0</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>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>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>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>88.2</td><td>326.5</td><td>1,576.0</td><td>4,375.6</td></tr><tr><td>1961.</td><td>2,237.5</td><td>130.1</td><td>3.6</td><td>24.2</td><td>357.3</td><td>1,650.5</td><td>4,308.6</td></tr><tr><td>1962-January.</td><td>2,230.7</td><td>129.7</td><td>7.8</td><td>26.4</td><td>357.7</td><td>1,650.1</td><td>4,307.6</td></tr><tr><td>February.</td><td>2,226.9</td><td>129.5</td><td>10.8</td><td>29.2</td><td>357.9</td><td>1,651.2</td><td>4,312.6</td></tr><tr><td>March.</td><td>2,219.1</td><td>127.7</td><td>15.6</td><td>26.1</td><td>359.7</td><td>1,657.7</td><td>4,312.3</td></tr><tr><td>April.</td><td>2,202.3</td><td>121.5</td><td>11.6</td><td>26.3</td><td>365.8</td><td>1,679.2</td><td>4,312.0</td></tr><tr><td>May.</td><td>2,186.8</td><td>119.5</td><td>8.7</td><td>29.1</td><td>367.8</td><td>1,697.8</td><td>4,315.1</td></tr><tr><td>June.</td><td>2,183.1</td><td>115.5</td><td>4.5</td><td>30.1</td><td>371.9</td><td>1,706.3</td><td>4,317.4</td></tr><tr><td>July.</td><td>2,180.5</td><td>113.7</td><td>5.4</td><td>30.9</td><td>373.5</td><td>1,707.3</td><td>4,317.2</td></tr><tr><td>August.</td><td>2,167.6</td><td>110.5</td><td>6.2</td><td>30.8</td><td>376.6</td><td>1,720.0</td><td>4,316.8</td></tr><tr><td>September.</td><td>2,156.0</td><td>107.1</td><td>7.5</td><td>31.6</td><td>380.0</td><td>1,730.7</td><td>4,317.2</td></tr><tr><td>October.</td><td>2,145.6</td><td>103.5</td><td>4.9</td><td>32.5</td><td>383.6</td><td>1,743.5</td><td>4,317.2</td></tr></table>
Source: Circulation Statement of United States Money; Office of the Treasurer of the United States. Valued at $1.29+ per fine ounce. Includes silver held by certain agencies of the Federal Government.
3/ Valued at $1.38+ per fine ounce.
4/ Includes bullion at cost, bullion valued at $1.29+ per fine ounce held for coinage, and bullion valued at $1.38+ per fine ounce held for recoinage of subsidiary silver coins.
December 1962
75
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>61.6</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>938.1</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</td><td>1,101.7</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>12.6</td></tr><tr><td>1962-January</td><td>1,107.9</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>12.6</td></tr><tr><td>February</td><td>1,110.6</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>14.6</td></tr><tr><td>March</td><td>1,112.7</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>14.7</td></tr><tr><td>April</td><td>1,115.3</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>14.7</td></tr><tr><td>May</td><td>1,119.2</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>15.8</td></tr><tr><td>June</td><td>1,122.8</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>16.7</td></tr><tr><td>July</td><td>1,126.9</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>16.8</td></tr><tr><td>August</td><td>1,130.6</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>16.8</td></tr><tr><td>September</td><td>1,134.1</td><td>48.7</td><td>833.7</td><td>34.7</td><td>87.6</td><td>167.9</td><td>1,172.5</td><td>16.8</td></tr><tr><td>October</td><td>1,137.7</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>16.8</td></tr><tr><td>November</td><td>1,141.8</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>16.8</td></tr></table>
Source; Bureau of Accounts. 1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
with that for July 1959, is included under coins; the breakdown is not available after June 1959.
The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes.
76
Treasury Bulletin
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>Total gold stock and foreign currency holdings</th><th colspan="2">Gold stock 1/</th><th>Foreign currency holdings 2/</th></tr><tr><th></th><th></th><th>Treasury</th><th>Total 2/</th><th></th></tr><tr><td>1952</td><td>22,091</td><td>22,030</td><td>22,091</td><td>-</td></tr><tr><td>1954</td><td>21,793</td><td>21,713</td><td>21,793</td><td>-</td></tr><tr><td>1955</td><td>21,753</td><td>21,690</td><td>21,753</td><td>-</td></tr><tr><td>1956</td><td>22,058</td><td>21,949</td><td>22,058</td><td>-</td></tr><tr><td>1957</td><td>22,857</td><td>22,781</td><td>22,857</td><td>-</td></tr><tr><td>1958</td><td>20,582</td><td>20,534</td><td>20,582</td><td>-</td></tr><tr><td>1959</td><td>19,507</td><td>19,456</td><td>19,507</td><td>-</td></tr><tr><td>1960</td><td>17,804</td><td>17,767</td><td>17,804</td><td>-</td></tr><tr><td>1961</td><td>17,063</td><td>16,889</td><td>16,947</td><td>116</td></tr><tr><td>1962-January</td><td>16,963</td><td>16,815</td><td>16,847</td><td>116</td></tr><tr><td>February</td><td>16,948</td><td>16,790</td><td>16,795</td><td>153</td></tr><tr><td>March</td><td>16,873</td><td>16,608</td><td>16,643</td><td>230</td></tr><tr><td>April</td><td>16,762</td><td>16,495</td><td>16,519</td><td>243</td></tr><tr><td>May</td><td>16,718</td><td>16,434</td><td>16,458</td><td>260</td></tr><tr><td>June</td><td>17,081</td><td>16,435</td><td>16,527</td><td>554</td></tr><tr><td>July</td><td>16,678</td><td>16,147</td><td>16,182</td><td>496</td></tr><tr><td>August</td><td>16,562</td><td>16,098</td><td>16,139</td><td>423</td></tr><tr><td>September</td><td>16,531</td><td>16,067</td><td>16,081</td><td>450</td></tr><tr><td>October</td><td>16,364</td><td>15,978</td><td>16,026</td><td>338</td></tr><tr><td>November</td><td>16,217</td><td>15,978</td><td>16,015</td><td>202</td></tr></table>
Note: The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of $1,125 million. In accordance with Fund policies, these drawing rights include the right to draw virtually automatically an amount equal to the sum of the United States gold subscription to the Fund ($1,011.2 million) and the Fund's net use of dollars; on November 30, 1962, these two amounts totaled $1,070.2 million. Under appropriate circumstances the United States could draw an additional amount equal to the United States quota.
1/ Includes gold sold to the United States by the International Monetary
2/ 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.
3/ Includes holdings of Treasury and Federal Reserve System.
p Preliminary.
December 1962
77
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 February, May, August, and November 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 1/</th><th colspan="3">Analysis of net capital movement</th><th colspan="3">Changes in claims on foreigners</th></tr><tr><th></th><th></th><th>Total 1/</th><th>Short-term banking funds 1/</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>1939-41.</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>-257.7</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>626.5</td><td>2,261.3</td><td>1,882.9</td><td>378.4</td><td>-1,634.9</td><td>-990.2</td><td>-644.7</td></tr><tr><td>1961.</td><td>-37.0r</td><td>1,879.4r</td><td>1,143.7r</td><td>735.7</td><td>-1,916.3</td><td>-1,085.9</td><td>-830.4</td></tr><tr><td>1962-January.</td><td>66.0r</td><td>-44.1r</td><td>-53.0r</td><td>8.9</td><td>110.1</td><td>129.9</td><td>-19.7</td></tr><tr><td>February.</td><td>1.3r</td><td>208.9r</td><td>304.5r</td><td>-95.6</td><td>-207.6</td><td>-118.1</td><td>-89.5</td></tr><tr><td>March.</td><td>53.8r</td><td>319.3r</td><td>414.4r</td><td>-95.1</td><td>-265.5</td><td>-183.1</td><td>-82.4</td></tr><tr><td>April.</td><td>143.7r</td><td>169.3r</td><td>183.9r</td><td>-14.6</td><td>-25.6</td><td>19.5</td><td>-45.1</td></tr><tr><td>May.</td><td>-174.6r</td><td>-14.0r</td><td>136.6r</td><td>-150.5</td><td>-160.6</td><td>15.5</td><td>-176.2</td></tr><tr><td>June.</td><td>394.8r</td><td>453.6r</td><td>545.6r</td><td>-92.0</td><td>-58.8</td><td>58.5</td><td>-117.3</td></tr><tr><td>July 2/.</td><td>-445.5r</td><td>-438.2r</td><td>-432.6r</td><td>-5.5</td><td>-7.3</td><td>6.3</td><td>-13.6</td></tr><tr><td>August.</td><td>378.1</td><td>347.2</td><td>551.8</td><td>-204.6</td><td>30.9</td><td>41.3</td><td>-10.4</td></tr><tr><td>September p.</td><td>309.2</td><td>340.5</td><td>362.8</td><td>-22.3</td><td>-31.4</td><td>20.7</td><td>-52.1</td></tr><tr><td>October p.</td><td>351.8</td><td>648.9</td><td>684.3</td><td>-35.4 3/</td><td>-297.1</td><td>-164.7</td><td>-132.4</td></tr></table>
1/ Data revised to exclude changes in nonnegotiable, noninterest-bearing special U. S. notes held by the Inter-American Development Bank and the International Development Association.
2/ Beginning July 1962, data include changes in liabilities and claims
reported by banks initially included as of June 30, 1962. Excludes nonmarketable U. S. Treasury bonds, foreign currency series. Preliminary. Revised.
78
Treasury Bulletin
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>End of calendar year or month</th><th colspan="4">Short-term liabilities to foreigners</th><th colspan="4">Short-term claims on foreigners</th></tr><tr><th></th><th>Total 1/</th><th colspan="3">Payable in dollars</th><th>Payable in foreign currencies</th><th>Total</th><th colspan="2">Payable in dollars</th><th>Payable in foreign currencies</th></tr><tr><th></th><th></th><th>Foreign official 1/</th><th>Other foreign</th><th>Inter-national 1/</th><th></th><th></th><th>Loans to foreign banks</th><th>Other</th><th></th></tr><tr><td>1942</td><td>4,205.4</td><td>2,244.4</td><td>1,947.1</td><td>-</td><td>13.9</td><td>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>3,43.9</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>251.1</td><td>506.3</td><td>240.6</td></tr><tr><td>1951</td><td>9,302.2</td><td>3,947.6</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 2/</td><td>5,392.8 2/</td><td>1,452.1</td><td>48.8</td><td>1,945.7</td><td>405.4</td><td>1,390.8</td><td>149.5</td></tr><tr><td>1957</td><td>15,158.3</td><td>7,916.6 2/</td><td>5,665.3 2/</td><td>1,517.3</td><td>59.0</td><td>2,199.4</td><td>385.5</td><td>1,666.5</td><td>147.3</td></tr><tr><td>1958</td><td>16,159.1</td><td>8,664.9</td><td>5,890.8</td><td>1,544.0</td><td>59.4</td><td>2,542.0</td><td>439.4</td><td>1,904.9</td><td>197.7</td></tr><tr><td>1959</td><td>19,388.7</td><td>9,154.3</td><td>6,999.1</td><td>3,158.1</td><td>77.2</td><td>2,624.0</td><td>497.6</td><td>1,909.2</td><td>217.2</td></tr><tr><td>1960</td><td>21,271.6r</td><td>10,326.9</td><td>6,934.4</td><td>3,897.2r</td><td>113.1</td><td>3,614.2</td><td>524.3</td><td>2,610.3</td><td>479.6</td></tr><tr><td>1961</td><td>22,415.3r</td><td>10,920.0r</td><td>7,655.0r</td><td>3,690.0r</td><td>150.4</td><td>4,700.1</td><td>699.4</td><td>3,415.1</td><td>585.6</td></tr><tr><td>1962-January</td><td>22,362.3r</td><td>10,208.2r</td><td>8,291.6r</td><td>3,701.3r</td><td>161.3</td><td>4,570.3</td><td>659.6</td><td>3,453.0</td><td>497.7</td></tr><tr><td>February</td><td>22,666.8r</td><td>10,054.7r</td><td>8,445.8r</td><td>4,014.2r</td><td>152.1</td><td>4,688.3</td><td>697.0</td><td>3,548.7</td><td>442.7</td></tr><tr><td>March</td><td>23,081.3r</td><td>10,423.2r</td><td>8,179.9r</td><td>4,294.3r</td><td>183.9</td><td>4,871.4</td><td>798.7</td><td>3,599.8</td><td>472.9</td></tr><tr><td>April</td><td>23,265.2r</td><td>10,213.6r</td><td>8,477.8r</td><td>4,392.6r</td><td>181.2</td><td>4,851.9</td><td>804.8</td><td>3,588.5</td><td>458.6</td></tr><tr><td>May</td><td>23,401.8r</td><td>10,404.9r</td><td>8,346.8r</td><td>4,482.7r</td><td>167.3</td><td>4,836.3</td><td>845.0</td><td>3,481.2</td><td>510.2</td></tr><tr><td>June</td><td>23,947.4r</td><td>11,171.7r</td><td>8,145.7</td><td>4,453.2r</td><td>176.8</td><td>4,777.8</td><td>824.2</td><td>3,475.0</td><td>478.7</td></tr><tr><td>June 2/</td><td>24,056.3r</td><td>11,171.7r</td><td>8,254.6</td><td>4,453.2r</td><td>176.8</td><td>4,835.5</td><td>834.4</td><td>3,520.0</td><td>481.1</td></tr><tr><td>July</td><td>23,623.6r</td><td>10,741.2r</td><td>7,967.8</td><td>4,734.9r</td><td>179.7</td><td>4,829.2</td><td>827.7</td><td>3,511.4</td><td>490.1</td></tr><tr><td>August</td><td>24,175.4</td><td>11,020.0</td><td>8,015.8</td><td>4,893.5</td><td>246.1</td><td>4,787.9</td><td>818.3</td><td>3,506.5</td><td>463.1</td></tr><tr><td>September</td><td>24,538.2r</td><td>11,546.2r</td><td>7,921.3</td><td>4,816.9r</td><td>293.9</td><td>4,767.2</td><td>801.6</td><td>3,469.7</td><td>499.9</td></tr><tr><td>October</td><td>25,222.5</td><td>11,961.2</td><td>8,140.0</td><td>4,839.2</td><td>282.1 4/</td><td>4,931.9</td><td>814.7</td><td>3,494.7</td><td>622.5</td></tr></table>
1/ Data revised to exclude nonnegotiable, noninterest-bearing special U. S. notes held by the Inter-American Development Bank and the International Development Association.
2/ Beginning in August 1956 and again in April 1957, certain accounts previously classified as "Other foreign" are included in "Foreign official."
Difflers from June data on the preceding line by inclusion of liabilities and claims reported by banks initially included as of June 30, 1962.
4/ Includes $172.8 million representing reported liabilities to foreign official institutions.
p Preliminary. r Revised.
December 1962
79
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(in millions of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">U. S. Government bonds and notes 1/</th><th colspan="3">Corporate and other</th><th colspan="3">Stocks</th><th>Total purchases</th><th>Total sales</th><th>Net purchases of domestic securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1939-41</td><td>396.8 2/</td><td>492.4 3/</td><td>-95.7 2/</td><td>2/</td><td>2/</td><td>2/</td><td>430.2 2/</td><td>841.6 2/</td><td>-411.4 2/</td><td>9,322.1</td><td>8,695.3</td><td>626.7</td></tr><tr><td>1942</td><td>164.2</td><td>138.5</td><td>23.7</td><td>2/</td><td>2/</td><td>2/</td><td>96.4</td><td>75.5</td><td>20.9</td><td>260.6</td><td>214.0</td><td>46.6</td></tr><tr><td>1943</td><td>241.3</td><td>170.6</td><td>70.7</td><td>2/</td><td>2/</td><td>2/</td><td>151.6</td><td>194.6</td><td>-43.0</td><td>392.9</td><td>365.2</td><td>27.8</td></tr><tr><td>1944</td><td>513.6</td><td>268.2</td><td>245.3</td><td>2/</td><td>2/</td><td>2/</td><td>136.9</td><td>171.4</td><td>-34.6</td><td>650.4</td><td>439.7</td><td>210.7</td></tr><tr><td>1945</td><td>377.7</td><td>393.4</td><td>-15.7</td><td>2/</td><td>2/</td><td>2/</td><td>260.2</td><td>357.7</td><td>-97.4</td><td>637.9</td><td>751.0</td><td>-113.1</td></tr><tr><td>1946</td><td>414.5</td><td>684.2</td><td>-269.7</td><td>2/</td><td>2/</td><td>2/</td><td>367.6</td><td>432.1</td><td>-64.7</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>643.2</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>1,361.2</td><td>1,433.7</td><td>127.5</td><td>3,227.0</td><td>2,341.8</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>1,363.8</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>1,433.6</td><td>-36.3</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</td><td>1,743.7</td><td>1,231.5</td><td>512.2</td><td>316.9</td><td>416.1</td><td>-99.2</td><td>3,067.3</td><td>2,744.6</td><td>322.7</td><td>5,127.8</td><td>4,392.2</td><td>735.7</td></tr><tr><td>1962-Jan.</td><td>30.2</td><td>58.0</td><td>-27.8</td><td>20.1</td><td>37.5</td><td>-17.4</td><td>236.9</td><td>182.8</td><td>54.0</td><td>287.2</td><td>278.4</td><td>8.9</td></tr><tr><td>Feb.</td><td>143.6</td><td>268.9</td><td>-125.2</td><td>20.5</td><td>26.7</td><td>-6.2</td><td>217.2</td><td>181.3</td><td>35.8</td><td>381.3</td><td>476.8</td><td>-95.6</td></tr><tr><td>Mar.</td><td>142.3</td><td>271.8</td><td>-129.5</td><td>42.5</td><td>28.4</td><td>14.2</td><td>225.7</td><td>205.6</td><td>20.2</td><td>410.5</td><td>505.7</td><td>-95.1</td></tr><tr><td>Apr.</td><td>104.0</td><td>140.4</td><td>-36.4</td><td>42.5</td><td>41.1</td><td>1.3</td><td>190.3</td><td>169.8</td><td>20.5</td><td>336.8</td><td>351.3</td><td>-14.6</td></tr><tr><td>May.</td><td>122.2</td><td>298.7</td><td>-176.4</td><td>23.0</td><td>24.7</td><td>-1.7</td><td>262.7</td><td>235.2</td><td>27.6</td><td>408.0</td><td>558.5</td><td>-150.5</td></tr><tr><td>June.</td><td>108.1</td><td>135.6</td><td>-27.6</td><td>30.9</td><td>30.2</td><td>.7</td><td>214.1</td><td>279.2</td><td>-65.1</td><td>353.0</td><td>445.0</td><td>-92.0</td></tr><tr><td>July</td><td>145.6</td><td>119.3</td><td>26.3</td><td>17.7</td><td>31.1</td><td>-13.4</td><td>150.5</td><td>168.9</td><td>-18.4</td><td>313.8</td><td>319.3</td><td>-8.5</td></tr><tr><td>Aug.</td><td>135.2</td><td>346.5</td><td>-211.3</td><td>19.5</td><td>19.9</td><td>-.4</td><td>143.3</td><td>136.2</td><td>7.2</td><td>298.0</td><td>502.6</td><td>-204.6</td></tr><tr><td>Sept. p.</td><td>326.6</td><td>334.1</td><td>-7.5</td><td>18.1</td><td>24.3</td><td>-6.2</td><td>106.9</td><td>115.5</td><td>-8.6</td><td>451.6</td><td>473.9</td><td>-22.3</td></tr><tr><td>Oct. p.</td><td>76.6</td><td>106.5</td><td>-29.9</td><td>29.7</td><td>27.7</td><td>-1.6</td><td>129.2</td><td>133.1</td><td>-3.9</td><td>231.5</td><td>266.9</td><td>-35.4</td></tr></table>
Note: Excludes nonmarketable U. S. Treasury bonds, foreign currency series 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.
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
<table><tr><th>Calendar year or month</th><th colspan="3">Foreign bonds</th><th colspan="3">Foreign stocks</th><th>Total purchases</th><th>Total sales</th><th>Net purchases of foreign securities</th></tr><tr><th></th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th>Purchases</th><th>Sales</th><th>Net purchases</th><th></th><th></th><th></th></tr><tr><td>1935-41</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>4,008.2</td><td>3,152.6</td><td>855.5</td></tr><tr><td>1942</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>n.a.</td><td>220.5</td><td>227.9</td><td>-7.4</td></tr><tr><td>1943</td><td>446.4</td><td>372.2</td><td>74.2</td><td>23.3</td><td>19.8</td><td>3.5</td><td>469.6</td><td>391.9</td><td>77.7</td></tr><tr><td>1944</td><td>314.3</td><td>225.3</td><td>89.0</td><td>26.6</td><td>22.1</td><td>4.5</td><td>340.9</td><td>247.4</td><td>93.5</td></tr><tr><td>1945</td><td>318.1</td><td>347.3</td><td>-29.2</td><td>37.3</td><td>54.8</td><td>-17.5</td><td>355.4</td><td>402.1</td><td>-46.6</td></tr><tr><td>1946</td><td>755.9</td><td>490.4</td><td>265.5</td><td>65.2</td><td>65.6</td><td>-0.4</td><td>821.2</td><td>556.1</td><td>265.1</td></tr><tr><td>1947</td><td>658.7</td><td>634.3</td><td>24.5</td><td>57.1</td><td>42.6</td><td>14.6</td><td>715.9</td><td>676.8</td><td>39.0</td></tr><tr><td>1948</td><td>211.6</td><td>291.4</td><td>-79.8</td><td>81.7</td><td>96.7</td><td>-15.0</td><td>293.3</td><td>388.2</td><td>-94.8</td></tr><tr><td>1949</td><td>321.2</td><td>311.5</td><td>9.8</td><td>88.8</td><td>70.8</td><td>18.0</td><td>410.1</td><td>382.3</td><td>27.8</td></tr><tr><td>1950</td><td>589.2</td><td>710.2</td><td>-121.0</td><td>173.8</td><td>138.2</td><td>-26.4</td><td>763.0</td><td>908.4</td><td>-145.4</td></tr><tr><td>1951</td><td>500.4</td><td>801.0</td><td>-300.6</td><td>272.3</td><td>348.7</td><td>-76.4</td><td>772.7</td><td>1,149.7</td><td>-377.0</td></tr><tr><td>1952</td><td>495.3</td><td>677.4</td><td>-182.1</td><td>293.9</td><td>329.6</td><td>-35.8</td><td>789.1</td><td>1,007.0</td><td>-217.9</td></tr><tr><td>1953</td><td>542.5</td><td>621.5</td><td>-79.0</td><td>310.1</td><td>303.4</td><td>6.8</td><td>852.7</td><td>924.9</td><td>-72.2</td></tr><tr><td>1954</td><td>792.4</td><td>841.3</td><td>-48.8</td><td>393.3</td><td>644.9</td><td>-251.6</td><td>1,185.8</td><td>1,486.1</td><td>-300.4</td></tr><tr><td>1955</td><td>693.3</td><td>509.4</td><td>183.9</td><td>663.6</td><td>877.9</td><td>-214.3</td><td>1,356.9</td><td>1,387.3</td><td>-30.4</td></tr><tr><td>1956</td><td>606.5</td><td>991.5</td><td>-385.0</td><td>749.2</td><td>875.2</td><td>-126.1</td><td>1,355.7</td><td>1,866.8</td><td>-511.1</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</td><td>801.9</td><td>1,262.4</td><td>-460.4</td><td>595.7</td><td>965.6</td><td>-370.0</td><td>1,397.6</td><td>2,228.0</td><td>-830.4</td></tr><tr><td>1962-January</td><td>93.4</td><td>90.9</td><td>2.5</td><td>57.8</td><td>80.0</td><td>-22.2</td><td>151.2</td><td>171.0</td><td>-19.7</td></tr><tr><td>February</td><td>106.3</td><td>159.8</td><td>-53.5</td><td>51.3</td><td>87.3</td><td>-36.0</td><td>157.6</td><td>247.1</td><td>-89.5</td></tr><tr><td>March</td><td>94.6</td><td>144.8</td><td>-50.1</td><td>57.6</td><td>89.8</td><td>-32.2</td><td>152.2</td><td>234.6</td><td>-82.4</td></tr><tr><td>April</td><td>79.4</td><td>114.5</td><td>-35.1</td><td>57.3</td><td>67.4</td><td>-10.1</td><td>136.7</td><td>181.8</td><td>-45.1</td></tr><tr><td>May</td><td>124.9</td><td>301.1</td><td>-176.3</td><td>79.0</td><td>78.9</td><td>.1</td><td>203.9</td><td>380.0</td><td>-176.2</td></tr><tr><td>June</td><td>56.0</td><td>135.7</td><td>-79.7</td><td>70.1</td><td>107.7</td><td>-37.6</td><td>126.1</td><td>243.4</td><td>-117.3</td></tr><tr><td>July</td><td>64.2</td><td>88.6</td><td>-24.4</td><td>47.9</td><td>37.1</td><td>10.8</td><td>112.1</td><td>125.7</td><td>-13.6</td></tr><tr><td>August</td><td>50.0</td><td>64.5</td><td>-14.5</td><td>44.9</td><td>40.7</td><td>4.1</td><td>94.9</td><td>105.3</td><td>-10.4</td></tr><tr><td>September p</td><td>43.5</td><td>100.1</td><td>-56.6</td><td>43.9</td><td>39.5</td><td>4.4</td><td>87.4</td><td>139.6</td><td>-52.1</td></tr><tr><td>October p</td><td>250.8</td><td>401.3</td><td>-150.5</td><td>58.2</td><td>40.1</td><td>18.1</td><td>309.0</td><td>441.3</td><td>-132.4</td></tr></table>
n.s. Not available. p Preliminary.
80
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
<table><tr><th>Country</th><th>1958</th><th>1959</th><th>1960</th><th>1961</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August</th><th>Sept. p</th><th>October 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>411.2</td><td>311.4</td><td>243.1</td><td>255.1</td><td>229.2</td><td>238.2</td><td>277.2</td><td>291.2</td><td>315.8</td><td>324.9</td><td>319.4</td></tr><tr><td>Belgium</td><td>115.1</td><td>138.1</td><td>142.0</td><td>326.0</td><td>292.8</td><td>293.4</td><td>257.8</td><td>204.4</td><td>183.8</td><td>169.9</td><td>189.9</td></tr><tr><td>Czechoslovakia</td><td>.6</td><td>.7</td><td>1.0</td><td>.9</td><td>.9</td><td>1.0</td><td>1.0</td><td>1.0</td><td>1.0</td><td>1.0</td><td>1.1</td></tr><tr><td>Denmark</td><td>168.8</td><td>136.5</td><td>54.2</td><td>52.1</td><td>48.8</td><td>60.1</td><td>52.5</td><td>43.7</td><td>51.8</td><td>46.7</td><td>54.6</td></tr><tr><td>Finland</td><td>68.8</td><td>70.9</td><td>46.0</td><td>90.8</td><td>74.0</td><td>69.6</td><td>71.2</td><td>68.4</td><td>70.2</td><td>73.9</td><td>73.5</td></tr><tr><td>France</td><td>532.1</td><td>655.3</td><td>519.0</td><td>988.7</td><td>1,260.8</td><td>1,444.8</td><td>1,393.9</td><td>1,046.4</td><td>1,079.7</td><td>1,161.7</td><td>1,205.4</td></tr><tr><td>Germany, Federal Republic of</td><td>1,754.7</td><td>1,987.3</td><td>3,475.7</td><td>2,841.4</td><td>2,517.8</td><td>2,308.9</td><td>2,622.3</td><td>2,542.6</td><td>2,591.6</td><td>2,798.6</td><td>2,822.7</td></tr><tr><td>Greece</td><td>126.3</td><td>186.3</td><td>63.1</td><td>67.2</td><td>103.5</td><td>103.4</td><td>110.0</td><td>100.4</td><td>97.8</td><td>101.4</td><td>103.2</td></tr><tr><td>Italy</td><td>1,120.8</td><td>1,370.3</td><td>877.1</td><td>1,234.1</td><td>1,184.7</td><td>1,146.8</td><td>1,187.2</td><td>1,095.0</td><td>1,243.6</td><td>1,292.1</td><td>1,310.1</td></tr><tr><td>Netherlands</td><td>338.7</td><td>485.2</td><td>328.5</td><td>216.4</td><td>247.2</td><td>259.0</td><td>307.2</td><td>339.4</td><td>258.0</td><td>276.5</td><td>259.1</td></tr><tr><td>Norway</td><td>129.6</td><td>95.5</td><td>81.9</td><td>105.2</td><td>141.4</td><td>122.8</td><td>101.5</td><td>102.6</td><td>116.8</td><td>112.1</td><td>109.4</td></tr><tr><td>Poland</td><td>4.9</td><td>4.0</td><td>6.1</td><td>7.2</td><td>7.4</td><td>5.2</td><td>8.1</td><td>7.4</td><td>6.7</td><td>7.2</td><td>9.4</td></tr><tr><td>Portugal</td><td>163.0</td><td>137.5</td><td>83.6</td><td>99.3</td><td>97.7</td><td>107.5</td><td>129.6</td><td>132.4</td><td>136.7</td><td>141.1</td><td>155.2 2/</td></tr><tr><td>Romania</td><td>.9</td><td>.9</td><td>1.1</td><td>1.5</td><td>1.1</td><td>1.7</td><td>1.0</td><td>1.1</td><td>1.1</td><td>.6</td><td>1.0</td></tr><tr><td>Spain</td><td>36.2</td><td>86.1</td><td>148.5</td><td>153.4</td><td>160.2</td><td>152.6</td><td>158.6</td><td>175.6</td><td>144.5</td><td>159.8</td><td>151.1 2/</td></tr><tr><td>Sweden</td><td>303.4</td><td>212.5</td><td>226.6</td><td>406.4</td><td>390.5</td><td>415.0</td><td>425.5</td><td>424.9</td><td>463.1</td><td>458.2</td><td>457.6</td></tr><tr><td>Switzerland</td><td>831.9</td><td>969.3</td><td>678.2</td><td>874.8</td><td>807.6</td><td>829.6</td><td>951.0</td><td>912.5</td><td>831.8</td><td>832.2</td><td>885.4</td></tr><tr><td>Turkey</td><td>20.1</td><td>30.7</td><td>18.4</td><td>25.9</td><td>18.5</td><td>16.0</td><td>22.8</td><td>17.3</td><td>16.7</td><td>21.6</td><td>26.0</td></tr><tr><td>U.S.S.R.</td><td>2.2</td><td>2.6</td><td>12.1</td><td>4.8</td><td>2.3</td><td>1.9</td><td>1.6</td><td>1.5</td><td>3.4</td><td>2.8</td><td>2.3</td></tr><tr><td>United Kingdom</td><td>872.9</td><td>989.6</td><td>1,667.3</td><td>2,226.3</td><td>2,468.2</td><td>2,398.4</td><td>2,263.6</td><td>1,853.2</td><td>1,845.8</td><td>1,802.1</td><td>1,853.1</td></tr><tr><td>Yugoslavia</td><td>9.5</td><td>6.2</td><td>10.0</td><td>11.6</td><td>11.2</td><td>10.6</td><td>12.2</td><td>11.7</td><td>12.9</td><td>12.1</td><td>11.9</td></tr><tr><td>Other Europe</td><td>676.1</td><td>575.7</td><td>362.3</td><td>328.2</td><td>298.3</td><td>281.8</td><td>239.0</td><td>241.3</td><td>253.5</td><td>259.7</td><td>266.7</td></tr><tr><td>Total Europe</td><td>7,707.9</td><td>8,472.6</td><td>9,045.7</td><td>10,317.3</td><td>10,364.2</td><td>10,468.5</td><td>10,594.7</td><td>9,615.9</td><td>9,726.1</td><td>10,056.2</td><td>10,268.3</td></tr><tr><td>Canada</td><td>2,019.2</td><td>2,198.0</td><td>2,438.8</td><td>2,757.6</td><td>2,502.9</td><td>2,513.6</td><td>2,896.6</td><td>3,120.2</td><td>3,416.4</td><td>3,480.0</td><td>3,885.6</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>149.8</td><td>336.8</td><td>315.0</td><td>234.7</td><td>221.1</td><td>208.6</td><td>208.1</td><td>231.4</td><td>209.9</td><td>230.4</td><td>187.2</td></tr><tr><td>Bolivia</td><td>22.4</td><td>24.4</td><td>23.1</td><td>26.2</td><td>23.9</td><td>24.2</td><td>24.6</td><td>22.7</td><td>21.0</td><td>21.5</td><td>23.8</td></tr><tr><td>Brazil</td><td>138.1</td><td>150.7</td><td>194.1</td><td>228.2</td><td>255.3r</td><td>236.2r</td><td>224.5</td><td>200.8</td><td>197.9</td><td>212.7</td><td>179.8</td></tr><tr><td>Chile</td><td>100.0</td><td>184.5</td><td>135.1</td><td>105.1</td><td>109.8r</td><td>109.6r</td><td>131.5</td><td>113.3</td><td>106.4</td><td>104.3</td><td>111.9</td></tr><tr><td>Columbia</td><td>168.8</td><td>216.8</td><td>158.3</td><td>146.8</td><td>140.1</td><td>141.9</td><td>159.1</td><td>149.1</td><td>142.7</td><td>145.2</td><td>151.8</td></tr><tr><td>Cuba</td><td>286.3</td><td>163.8</td><td>77.0</td><td>42.5</td><td>38.0</td><td>37.3</td><td>36.5</td><td>36.9</td><td>36.0</td><td>35.6</td><td>14.7 2/</td></tr><tr><td>Dominican Republic</td><td>39.7</td><td>36.9</td><td>36.9</td><td>22.8</td><td>42.4</td><td>43.2</td><td>48.0</td><td>43.1</td><td>42.0</td><td>40.3</td><td>35.5</td></tr><tr><td>Guatemala</td><td>41.6</td><td>37.1</td><td>43.9</td><td>45.8</td><td>57.3</td><td>54.6</td><td>52.0</td><td>41.7</td><td>37.0</td><td>34.2</td><td>32.6</td></tr><tr><td>Mexico</td><td>418.2</td><td>442.4</td><td>397.3</td><td>494.5</td><td>516.1</td><td>490.3</td><td>518.3</td><td>489.3</td><td>483.7</td><td>460.8</td><td>466.7</td></tr><tr><td>Netherlands Antilles and</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>Surinam</td><td>79.4</td><td>87.8</td><td>72.0</td><td>88.8</td><td>97.0</td><td>90.0</td><td>87.4</td><td>95.9</td><td>93.4</td><td>93.9</td><td>90.8</td></tr><tr><td>Panama, Republic of</td><td>146.3</td><td>129.2</td><td>123.0</td><td>86.7</td><td>90.4</td><td>90.6</td><td>87.1</td><td>87.3</td><td>87.0</td><td>84.8</td><td>84.3</td></tr><tr><td>Peru</td><td>77.1</td><td>82.2</td><td>72.2</td><td>84.0</td><td>92.2</td><td>90.0</td><td>89.8</td><td>96.0</td><td>103.5</td><td>107.2</td><td>103.2</td></tr><tr><td>El Salvador</td><td>26.2</td><td>28.0</td><td>24.3</td><td>21.9</td><td>28.9</td><td>34.1</td><td>35.5</td><td>36.1</td><td>33.1</td><td>31.2</td><td>25.0</td></tr><tr><td>Uruguay</td><td>82.4</td><td>61.5</td><td>51.3</td><td>57.0</td><td>75.3</td><td>71.8</td><td>78.9</td><td>73.0</td><td>86.7</td><td>91.9</td><td>89.7</td></tr><tr><td>Venezuela</td><td>494.3</td><td>276.9</td><td>398.2</td><td>418.0r</td><td>447.4r</td><td>379.3r</td><td>364.2</td><td>436.2</td><td>393.6</td><td>378.9</td><td>417.0</td></tr><tr><td>Other Latin America 2/</td><td>133.0</td><td>148.3</td><td>300.6</td><td>268.3r</td><td>308.2r</td><td>308.3r</td><td>333.6r</td><td>351.0r</td><td>374.3</td><td>369.6</td><td>403.6</td></tr><tr><td>Total Latin America 3/</td><td>2,403.4</td><td>2,407.5</td><td>2,422.4</td><td>2,371.3r</td><td>2,543.4r</td><td>2,410.0r</td><td>2,479.2r</td><td>2,503.7r</td><td>2,448.2</td><td>2,442.6</td><td>2,417.6</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>36.0</td><td>35.8</td><td>34.8</td><td>34.6</td><td>35.6</td><td>35.2</td><td>34.6</td><td>34.8</td><td>34.6</td><td>35.5</td><td>35.6</td></tr><tr><td>Hong Kong</td><td>61.6</td><td>60.0</td><td>57.3</td><td>55.4</td><td>57.8</td><td>61.2</td><td>56.2</td><td>60.0</td><td>59.7</td><td>56.7</td><td>62.9</td></tr><tr><td>India</td><td>77.3</td><td>114.3</td><td>53.9</td><td>77.7</td><td>70.1</td><td>54.0</td><td>49.2</td><td>39.2</td><td>39.1</td><td>46.2</td><td>49.0</td></tr><tr><td>Indonesia</td><td>108.4</td><td>138.6</td><td>178.2</td><td>75.6</td><td>87.9</td><td>80.3</td><td>81.8</td><td>79.1</td><td>83.0</td><td>33.4</td><td>38.6</td></tr><tr><td>Iran</td><td>42.7</td><td>46.6</td><td>22.4</td><td>31.3</td><td>22.6</td><td>18.1</td><td>26.3</td><td>32.3</td><td>36.8</td><td>27.8</td><td>27.4</td></tr><tr><td>Israel</td><td>55.9</td><td>86.1</td><td>74.7</td><td>63.0</td><td>78.0</td><td>76.2</td><td>76.0</td><td>76.5</td><td>88.9</td><td>81.3</td><td>73.6</td></tr><tr><td>Japan</td><td>935.1</td><td>1,285.1</td><td>1,887.5</td><td>1,590.4</td><td>1,708.3r</td><td>1,752.0r</td><td>1,905.5r 4/</td><td>1,902.8</td><td>1,942.3</td><td>2,039.7</td><td>2,104.4</td></tr><tr><td>Korea, Republic of</td><td>145.3</td><td>147.6</td><td>152.2</td><td>199.5</td><td>180.9</td><td>173.5</td><td>164.4</td><td>160.5</td><td>154.7</td><td>153.1</td><td>147.3</td></tr><tr><td>Philippines</td><td>176.7</td><td>171.5</td><td>202.8</td><td>185.0</td><td>173.3</td><td>184.4</td><td>179.3</td><td>169.5</td><td>169.2</td><td>158.5</td><td>162.9</td></tr><tr><td>Taiwan</td><td>98.7</td><td>94.1</td><td>83.7</td><td>92.0</td><td>90.3</td><td>85.1</td><td>85.2</td><td>86.0</td><td>84.9</td><td>79.7</td><td>76.6</td></tr><tr><td>Thailand</td><td>133.3</td><td>141.2</td><td>187.8</td><td>264.4</td><td>314.0</td><td>322.9</td><td>326.7</td><td>326.8</td><td>327.2</td><td>325.6</td><td>326.0</td></tr><tr><td>Other Asia</td><td>334.6</td><td>458.3</td><td>181.9</td><td>223.0</td><td>251.1</td><td>247.6</td><td>226.4</td><td>232.1</td><td>215.7</td><td>243.1</td><td>240.4</td></tr><tr><td>Total Asia</td><td>2,205.3</td><td>2,779.6</td><td>3,115.3</td><td>2,892.0</td><td>3,070.0r</td><td>3,090.4r</td><td>3,211.8r</td><td>3,199.7</td><td>3,233.0</td><td>3,280.4</td><td>3,344.8</td></tr><tr><td>Other countries</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>78.9</td><td>110.5</td><td>88.1</td><td>97.8</td><td>95.6</td><td>96.6</td><td>103.6</td><td>122.2</td><td>125.9</td><td>131.1</td><td>155.0</td></tr><tr><td>Congo, Republic of the</td><td>29.8</td><td>31.3</td><td>31.9</td><td>33.9</td><td>27.1</td><td>40.2</td><td>37.3</td><td>37.1</td><td>41.4</td><td>35.3</td><td>31.4</td></tr><tr><td>South Africa</td><td>29.6</td><td>48.7</td><td>29.3</td><td>31.7</td><td>42.6</td><td>42.1</td><td>38.9</td><td>36.3</td><td>45.0</td><td>47.4</td><td>42.0</td></tr><tr><td>United Arab Republic (Egypt)</td><td>16.2</td><td>20.3</td><td>21.9</td><td>14.5</td><td>17.3</td><td>25.3</td><td>18.9</td><td>21.8</td><td>13.4</td><td>12.2</td><td>12.5</td></tr><tr><td>All other</td><td>124.9</td><td>162.1</td><td>181.1</td><td>209.2</td><td>209.6</td><td>232.3</td><td>222.0</td><td>232.0</td><td>232.5</td><td>236.1</td><td>226.0</td></tr><tr><td>Total other countries</td><td>279.3</td><td>372.9</td><td>352.2</td><td>387.2</td><td>392.2</td><td>436.5</td><td>420.8</td><td>449.3</td><td>458.2</td><td>462.2</td><td>466.9</td></tr><tr><td>International 3/</td><td>1,544.0</td><td>3,158.1</td><td>3,897.2r</td><td>3,690.0r</td><td>4,392.6r</td><td>4,482.7r</td><td>4,453.2r</td><td>4,734.9r</td><td>4,893.5</td><td>4,816.9</td><td>4,839.2</td></tr><tr><td>Grand total 2/</td><td>16,159.1</td><td>19,388.7</td><td>21,271.6r</td><td>22,415.3r</td><td>23,265.2r</td><td>23,401.8r</td><td>24,056.3r 4/</td><td>23,623.6r</td><td>24,175.4</td><td>24,538.2</td><td>25,222.5 2/</td></tr></table>
1/ Liabilities to countries not regularly reported separately are published annually in Section IV, Table 5.
2/ Reflects reclassification of reported deposits for changes in domicile over the past few years from Cuba to other countries as follows: Cuba $19.9 million, Portugal $3.9 million, Spain $8.0 million, other countries $1.3 million, and Grand Total - $6.8 million (representing changes in domicile to the United States).
3/ Data revised to exclude nonnegotiable noninterest-bearing special U. S. notes held by the Inter-American Development Bank and by the International Development Association.
4/ Grand total includes $108.9 million reported by banks initially included as of June 30, 1962. Of this total, liabilities to Japan amount to $105.4 million.
p Preliminary. r Revised.
December 1962
81
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></th><th colspan="4">Calendar year</th><th colspan="7">1962</th></tr><tr><th></th><th>1958</th><th>1959</th><th>1960</th><th>1961</th><th>April</th><th>May</th><th>June 2/</th><th>July</th><th>August</th><th>Sept. p</th><th>October 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>7.1</td><td>4.3</td><td>2.3</td><td>5.0</td><td>4.8</td><td>5.5</td><td>5.5</td><td>6.8</td><td>6.2</td><td>7.2</td><td>6.9</td></tr><tr><td>Belgium</td><td>64.6</td><td>56.3</td><td>65.1</td><td>20.0</td><td>15.4</td><td>18.1</td><td>17.7</td><td>18.6</td><td>19.1</td><td>15.5</td><td>16.0</td></tr><tr><td>Czechoslovakia</td><td>.7</td><td>1.2</td><td>1.4</td><td>1.2</td><td>1.2</td><td>1.8</td><td>.8</td><td>1.1</td><td>1.6</td><td>1.9</td><td>1.4</td></tr><tr><td>Denmark</td><td>14.3</td><td>18.1</td><td>13.2</td><td>10.8</td><td>7.5</td><td>9.0</td><td>11.3</td><td>10.7</td><td>10.9</td><td>11.9</td><td>9.8</td></tr><tr><td>Finland</td><td>5.9</td><td>8.4</td><td>9.2</td><td>22.6</td><td>23.5</td><td>26.4</td><td>27.5</td><td>27.7</td><td>27.9</td><td>28.4</td><td>31.4</td></tr><tr><td>France</td><td>102.1</td><td>57.1</td><td>32.0</td><td>42.2</td><td>47.3</td><td>54.8</td><td>54.8</td><td>51.2</td><td>41.7</td><td>42.8</td><td>44.7</td></tr><tr><td>Germany, Federal Republic of</td><td>76.5</td><td>54.0</td><td>81.8</td><td>165.5</td><td>160.5</td><td>138.8</td><td>128.6</td><td>136.7</td><td>138.7</td><td>135.1</td><td>142.8</td></tr><tr><td>Greece</td><td>7.2</td><td>6.8</td><td>6.2</td><td>5.8</td><td>4.4</td><td>4.2</td><td>4.6</td><td>4.9</td><td>4.9</td><td>5.2</td><td>6.1</td></tr><tr><td>Italy</td><td>35.7</td><td>29.7</td><td>34.1</td><td>35.0</td><td>41.4</td><td>37.4</td><td>36.4</td><td>43.2</td><td>39.2</td><td>40.6</td><td>44.7</td></tr><tr><td>Netherlands</td><td>55.6</td><td>38.3</td><td>33.3</td><td>54.4</td><td>57.8</td><td>61.8</td><td>59.1</td><td>57.5</td><td>54.8</td><td>60.0</td><td>46.4</td></tr><tr><td>Norway</td><td>22.2</td><td>7.1</td><td>17.0</td><td>27.5</td><td>20.6</td><td>23.2</td><td>24.1</td><td>26.2</td><td>26.9</td><td>27.9</td><td>30.4</td></tr><tr><td>Poland</td><td>3.9</td><td>3.7</td><td>6.1</td><td>6.8</td><td>10.7</td><td>9.9</td><td>10.1</td><td>7.4</td><td>10.5</td><td>11.2</td><td>11.6</td></tr><tr><td>Portugal</td><td>2.1</td><td>2.1</td><td>3.9</td><td>4.5</td><td>4.6</td><td>5.1</td><td>6.5</td><td>7.6</td><td>9.1</td><td>10.9</td><td>8.1</td></tr><tr><td>Rumania</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td><td>1.1</td><td>-</td><td>1.2</td><td>*</td></tr><tr><td>Spain</td><td>29.7</td><td>8.4</td><td>7.6</td><td>11.1</td><td>12.9</td><td>16.0</td><td>12.0</td><td>12.3</td><td>17.9</td><td>21.7</td><td>24.0</td></tr><tr><td>Sweden</td><td>24.0</td><td>18.6</td><td>27.9</td><td>35.0</td><td>16.9</td><td>18.8</td><td>19.6</td><td>16.4</td><td>17.0</td><td>15.9</td><td>15.5</td></tr><tr><td>Switzerland</td><td>42.4</td><td>38.4</td><td>59.5</td><td>105.1</td><td>68.2</td><td>67.8</td><td>68.0</td><td>67.1</td><td>68.7</td><td>67.6</td><td>74.2</td></tr><tr><td>Turkey</td><td>72.5</td><td>47.3</td><td>48.8</td><td>16.1</td><td>13.1</td><td>12.7</td><td>37.1</td><td>26.9</td><td>31.1</td><td>41.3</td><td>24.3</td></tr><tr><td>U.S.S.R.</td><td>1.1</td><td>-</td><td>*</td><td>1.1</td><td>1.2</td><td>1.1</td><td>1.2</td><td>1.7</td><td>*</td><td>*</td><td>*</td></tr><tr><td>United Kingdom</td><td>123.9</td><td>120.7</td><td>245.3</td><td>180.8</td><td>142.3</td><td>158.5</td><td>151.0</td><td>161.2</td><td>166.4</td><td>162.9</td><td>201.6</td></tr><tr><td>Yugoslavia</td><td>5.9</td><td>2.9</td><td>11.1</td><td>8.6</td><td>4.7</td><td>4.9</td><td>6.0</td><td>6.1</td><td>6.3</td><td>5.8</td><td>5.6</td></tr><tr><td>Other Europe</td><td>5.2</td><td>12.7</td><td>10.9</td><td>9.0</td><td>9.0</td><td>10.8</td><td>11.5</td><td>11.7</td><td>10.3</td><td>12.3</td><td>15.4</td></tr><tr><td>Total Europe</td><td>695.9</td><td>534.0</td><td>716.7</td><td>767.2</td><td>666.8</td><td>685.9</td><td>692.6</td><td>702.8</td><td>709.3</td><td>726.3</td><td>760.4</td></tr><tr><td>Canada</td><td>242.5</td><td>272.3</td><td>421.1</td><td>537.1</td><td>517.2</td><td>452.7</td><td>435.6</td><td>450.9</td><td>429.7</td><td>443.3</td><td>546.7</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>39.8</td><td>59.6</td><td>120.8</td><td>191.6</td><td>202.6</td><td>203.6</td><td>188.8</td><td>177.4</td><td>163.6</td><td>183.4</td><td>168.7</td></tr><tr><td>Bolivia</td><td>3.1</td><td>4.0</td><td>3.9</td><td>5.9</td><td>5.1</td><td>5.2</td><td>5.5</td><td>6.0</td><td>8.4</td><td>3.8</td><td>4.1</td></tr><tr><td>Brazil</td><td>147.5</td><td>117.1</td><td>225.4</td><td>186.3</td><td>160.9</td><td>173.3</td><td>200.2</td><td>198.9</td><td>191.4</td><td>196.4</td><td>189.2</td></tr><tr><td>Chile</td><td>52.1</td><td>59.3</td><td>72.7</td><td>126.9</td><td>120.4</td><td>139.1</td><td>153.7</td><td>163.8</td><td>158.3</td><td>158.3</td><td>172.0</td></tr><tr><td>Colombia</td><td>50.6</td><td>67.9</td><td>80.4</td><td>125.3</td><td>156.2</td><td>163.3</td><td>142.7</td><td>146.6</td><td>137.7</td><td>136.5</td><td>151.7</td></tr><tr><td>Cuba</td><td>166.1</td><td>115.1</td><td>25.5</td><td>19.2</td><td>17.7</td><td>17.4</td><td>17.4</td><td>17.5</td><td>17.5</td><td>17.4</td><td>17.5</td></tr><tr><td>Dominican Republic</td><td>19.1</td><td>28.9</td><td>15.8</td><td>12.7</td><td>11.9</td><td>14.4</td><td>15.4</td><td>15.4</td><td>15.0</td><td>14.4</td><td>13.4</td></tr><tr><td>Guatemala</td><td>11.8</td><td>10.2</td><td>13.7</td><td>19.7</td><td>18.1</td><td>16.7</td><td>12.9</td><td>13.6</td><td>14.3</td><td>15.9</td><td>16.8</td></tr><tr><td>Mexico</td><td>293.0</td><td>290.8</td><td>34.4</td><td>423.2</td><td>432.7</td><td>426.6</td><td>409.2</td><td>393.2</td><td>396.7</td><td>369.4</td><td>375.6</td></tr><tr><td>Netherlands Antilles and</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>Surinam</td><td>5.9</td><td>4.0</td><td>8.5</td><td>13.4</td><td>8.5</td><td>8.9</td><td>6.8</td><td>7.0</td><td>10.0</td><td>10.7</td><td>9.8</td></tr><tr><td>Panama, Republic of</td><td>23.4</td><td>17.9</td><td>22.6</td><td>31.9</td><td>51.6</td><td>59.1</td><td>40.5</td><td>37.5</td><td>35.6</td><td>36.0</td><td>32.2</td></tr><tr><td>Peru</td><td>30.7</td><td>36.0</td><td>44.3</td><td>73.5</td><td>73.7</td><td>79.6</td><td>80.9</td><td>83.1</td><td>86.1</td><td>86.4</td><td>86.2</td></tr><tr><td>El Salvador</td><td>9.8</td><td>14.8</td><td>21.7</td><td>17.1</td><td>14.9</td><td>8.7</td><td>11.4</td><td>11.7</td><td>11.1</td><td>10.3</td><td>11.7</td></tr><tr><td>Uruguay</td><td>51.9</td><td>47.1</td><td>57.0</td><td>54.7</td><td>61.3</td><td>60.7</td><td>67.7</td><td>63.2</td><td>80.3</td><td>89.3</td><td>101.4</td></tr><tr><td>Venezuela</td><td>141.7</td><td>246.7</td><td>234.5</td><td>129.3</td><td>117.2</td><td>117.0</td><td>108.2</td><td>110.9</td><td>107.4</td><td>100.9</td><td>95.6</td></tr><tr><td>Other Latin America</td><td>52.9</td><td>56.7</td><td>65.5</td><td>73.5</td><td>67.6</td><td>71.3</td><td>70.7</td><td>80.0</td><td>74.3</td><td>75.2</td><td>79.0</td></tr><tr><td>Total Latin America</td><td>1,099.3</td><td>1,176.1</td><td>1,355.6</td><td>1,504.2</td><td>1,520.4</td><td>1,565.0</td><td>1,531.9</td><td>1,525.8</td><td>1,507.7</td><td>1,504.1</td><td>1,524.8</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>1.7</td><td>1.7</td><td>1.7</td><td>1.7</td><td>1.7</td><td>1.7</td><td>1.9</td><td>1.7</td><td>1.7</td></tr><tr><td>Hong Kong</td><td>5.3</td><td>10.4</td><td>9.3</td><td>9.2</td><td>12.0</td><td>11.3</td><td>11.4</td><td>10.9</td><td>10.6</td><td>13.5</td><td>13.4</td></tr><tr><td>India</td><td>4.1</td><td>5.8</td><td>9.2</td><td>8.2</td><td>13.8</td><td>11.9</td><td>13.9</td><td>13.0</td><td>14.3</td><td>18.3</td><td>18.1</td></tr><tr><td>Indonesia</td><td>1.2</td><td>1.3</td><td>1.2</td><td>1.3</td><td>12.3</td><td>12.2</td><td>12.3</td><td>1.3</td><td>1.4</td><td>1.5</td><td>1.5</td></tr><tr><td>Iran</td><td>27.2</td><td>29.4</td><td>32.9</td><td>31.2</td><td>30.4</td><td>32.4</td><td>24.2</td><td>24.6</td><td>22.9</td><td>22.9</td><td>21.1</td></tr><tr><td>Israel</td><td>23.3</td><td>14.3</td><td>23.9</td><td>35.7</td><td>39.1</td><td>42.8</td><td>39.4</td><td>38.4</td><td>37.0</td><td>35.9</td><td>36.7</td></tr><tr><td>Japan</td><td>178.6</td><td>323.7</td><td>805.9</td><td>1,444.7</td><td>1,688.0</td><td>1,678.1</td><td>1,728.2 2/</td><td>1,731.4</td><td>1,736.0</td><td>1,682.7</td><td>1,692.5</td></tr><tr><td>Korea, Republic of</td><td>1.3</td><td>1.2</td><td>2.1</td><td>3.9</td><td>5.8</td><td>5.1</td><td>6.0</td><td>6.6</td><td>6.4</td><td>7.3</td><td>4.7</td></tr><tr><td>Philippines</td><td>66.8</td><td>23.9</td><td>18.6</td><td>114.4</td><td>108.3</td><td>107.5</td><td>91.0</td><td>76.2</td><td>68.9</td><td>68.9</td><td>70.4</td></tr><tr><td>Taiwan</td><td>6.1</td><td>9.0</td><td>7.3</td><td>9.7</td><td>9.0</td><td>6.4</td><td>6.8</td><td>6.3</td><td>6.4</td><td>7.6</td><td>8.9</td></tr><tr><td>Thailand</td><td>12.8</td><td>14.7</td><td>24.0</td><td>34.1</td><td>32.7</td><td>29.6</td><td>29.7</td><td>29.7</td><td>33.2</td><td>29.8</td><td>31.7</td></tr><tr><td>Other Asia</td><td>106.5</td><td>150.7</td><td>117.1</td><td>113.5</td><td>94.3</td><td>90.7</td><td>93.6</td><td>86.5</td><td>75.1</td><td>64.6</td><td>67.1</td></tr><tr><td>Total Asia</td><td>435.1</td><td>585.8</td><td>1,052.2</td><td>1,806.7</td><td>2,046.3</td><td>2,029.3</td><td>2,058.3</td><td>2,026.0</td><td>2,014.6</td><td>1,953.5</td><td>1,966.8</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>12.8</td><td>17.6</td><td>27.6</td><td>28.8</td><td>33.0</td><td>33.4</td><td>34.6</td><td>34.4</td><td>39.9</td><td>46.2</td><td>45.0</td></tr><tr><td>Congo, Republic of the</td><td>3.7</td><td>3.1</td><td>2.5</td><td>6.0</td><td>3.5</td><td>3.7</td><td>3.6</td><td>2.2</td><td>3.5</td><td>4.0</td><td>2.0</td></tr><tr><td>South Africa</td><td>21.1</td><td>11.8</td><td>11.0</td><td>10.3</td><td>11.1</td><td>11.0</td><td>11.5</td><td>12.3</td><td>12.1</td><td>12.2</td><td>11.3</td></tr><tr><td>United Arab Republic (Egypt)</td><td>2.5</td><td>2.0</td><td>3.2</td><td>13.2</td><td>21.4</td><td>21.7</td><td>23.6</td><td>25.9</td><td>23.4</td><td>24.6</td><td>23.4</td></tr><tr><td>All other</td><td>29.1</td><td>21.3</td><td>24.2</td><td>26.6</td><td>32.1</td><td>33.5</td><td>43.6</td><td>48.8</td><td>47.7</td><td>52.8</td><td>51.5</td></tr><tr><td>Total other countries</td><td>69.2</td><td>59.8</td><td>68.5</td><td>84.9</td><td>101.1</td><td>103.4</td><td>116.9</td><td>123.6</td><td>126.7</td><td>139.7</td><td>133.2</td></tr><tr><td>International</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grand total</td><td>2,542.0</td><td>2,624.0</td><td>3,614.2</td><td>4,700.1</td><td>4,851.9</td><td>4,836.3</td><td>4,835.5 2/</td><td>4,829.2</td><td>4,787.9</td><td>4,767.2</td><td>4,931.9</td></tr></table>
1/ Excludes convertible foreign currencies held by U.S. monetary authorities.
2/ Grand total includes $57.6 million reported by banks initially
included as of June 30, 1962. Of this total, claims on Japan amount to $48.3 million. * Less than $50,000. p Preliminary.
82
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
<table><tr><th>Country</th><th>1958</th><th>1959</th><th>1960</th><th>1961</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August</th><th>September</th><th>October p</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>-1,018</td><td>70</td><td>-4</td><td>578</td><td>-23</td><td>4</td><td>-7</td><td>-183</td><td>-8</td><td>61</td><td>-6</td></tr><tr><td>Belgium</td><td>-4,795</td><td>5,897</td><td>4,661</td><td>10,113</td><td>-3,622</td><td>1,167</td><td>-4,464</td><td>-307</td><td>-2,461</td><td>-155</td><td>2</td></tr><tr><td>Czechoslovakia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>678</td><td>57,037</td><td>-34,480</td><td>-2,447</td><td>-</td><td>58</td><td>7</td><td>-555</td><td>-412</td><td>961</td><td>-3,491</td></tr><tr><td>Finland</td><td>-4,476</td><td>200</td><td>-236</td><td>1,572</td><td>1</td><td>-</td><td>-298</td><td>-525</td><td>-1</td><td>2</td><td>3</td></tr><tr><td>France</td><td>5,235</td><td>62,303</td><td>20,039</td><td>20,696</td><td>168</td><td>1,535</td><td>-2,370</td><td>1,572</td><td>-768</td><td>-1,729</td><td>198</td></tr><tr><td>Germany, Federal Republic of</td><td>1,337</td><td>22,749</td><td>19,345</td><td>22,300</td><td>118</td><td>-65</td><td>439</td><td>431</td><td>-526</td><td>777</td><td>-1,057</td></tr><tr><td>Greece</td><td>-5,715</td><td>276</td><td>-248</td><td>-754</td><td>30</td><td>-231</td><td>88</td><td>103</td><td>90</td><td>83</td><td>-101</td></tr><tr><td>Italy</td><td>1,871</td><td>6,937</td><td>28,099</td><td>13,863</td><td>-727</td><td>-483</td><td>-251</td><td>-324</td><td>435</td><td>-309</td><td>-464</td></tr><tr><td>Netherlands</td><td>-7,645</td><td>38,327</td><td>-3,348</td><td>18,507</td><td>-40</td><td>4,188</td><td>1,918</td><td>-1,095</td><td>-2,468</td><td>-396</td><td>487</td></tr><tr><td>Norway</td><td>18,303</td><td>24,196</td><td>1,156</td><td>-30,974</td><td>-31,946</td><td>3,420</td><td>22,750</td><td>-57</td><td>4,149</td><td>1,824</td><td>-3,725</td></tr><tr><td>Poland</td><td>-26</td><td>-9</td><td>-2</td><td>-15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>2,109</td><td>2,415</td><td>10,655</td><td>6,669</td><td>-154</td><td>7</td><td>774</td><td>50</td><td>408</td><td>-23</td><td>7</td></tr><tr><td>Romania</td><td>-</td><td>-17</td><td>4</td><td>-1</td><td>-</td><td>8</td><td>-</td><td>-2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>-2,249</td><td>-517</td><td>372</td><td>1,617</td><td>-42</td><td>112</td><td>-423</td><td>220</td><td>379</td><td>-92</td><td>-240</td></tr><tr><td>Sweden</td><td>4,339</td><td>92,384</td><td>-23,252</td><td>10,428</td><td>30,097</td><td>1,739</td><td>-511</td><td>7,736</td><td>-29,811</td><td>-24</td><td>802</td></tr><tr><td>Switzerland</td><td>-32,303</td><td>265,643</td><td>139,149</td><td>155,230</td><td>17,919</td><td>20,838</td><td>-6,438</td><td>6,270</td><td>13,350</td><td>2,380</td><td>-14,248</td></tr><tr><td>Turkey</td><td>36</td><td>391</td><td>145</td><td>223</td><td>11</td><td>102</td><td>53</td><td>210</td><td>517</td><td>-224</td><td>306</td></tr><tr><td>U.S.S.R.</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>-12,228</td><td>143,358</td><td>41,367</td><td>-1,484</td><td>28,808</td><td>17,964</td><td>4,430</td><td>-4,674</td><td>-10,188</td><td>-49,368</td><td>-13,081</td></tr><tr><td>Yugoslavia</td><td>-26</td><td>-2</td><td>-13</td><td>12</td><td>1</td><td>2</td><td>3</td><td>1</td><td>2</td><td>-</td><td>-13</td></tr><tr><td>Other Europe</td><td>-3,624</td><td>23,644</td><td>-5,230</td><td>8,147</td><td>517</td><td>1,511</td><td>454</td><td>366</td><td>173</td><td>-1,052</td><td>-199</td></tr><tr><td>Total Europe</td><td>-40,197</td><td>745,282</td><td>198,182</td><td>234,280</td><td>41,110</td><td>51,876</td><td>16,154</td><td>9,237</td><td>-27,140</td><td>-49,274</td><td>-34,820</td></tr><tr><td>Canada</td><td>-202,213</td><td>80,696</td><td>-81,890</td><td>-98,394</td><td>-37,423</td><td>-92,496</td><td>-85,902</td><td>-16,575</td><td>10,313</td><td>2,830</td><td>-13,866</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>281</td><td>3,385</td><td>-722</td><td>-816</td><td>291</td><td>385</td><td>-117</td><td>-35</td><td>25</td><td>251</td><td>-359</td></tr><tr><td>Bolivia</td><td>-333</td><td>169</td><td>113</td><td>161</td><td>-32</td><td>82</td><td>-130</td><td>-3</td><td>-15</td><td>17</td><td>25</td></tr><tr><td>Brazil</td><td>-623</td><td>2,147</td><td>2,594</td><td>5,343</td><td>139</td><td>128</td><td>-842</td><td>-36</td><td>74</td><td>-131</td><td>211</td></tr><tr><td>Chile</td><td>-2,601</td><td>-497</td><td>1,762</td><td>918</td><td>150</td><td>427</td><td>617</td><td>477</td><td>11</td><td>360</td><td>315</td></tr><tr><td>Colombia</td><td>410</td><td>1,094</td><td>62</td><td>683</td><td>204</td><td>-3</td><td>29</td><td>55</td><td>10</td><td>-3</td><td>-103</td></tr><tr><td>Cuba</td><td>-68,517</td><td>-2,276</td><td>-43,437</td><td>575</td><td>36</td><td>-2</td><td>-345</td><td>-</td><td>-10</td><td>-1</td><td>-7</td></tr><tr><td>Dominican Republic</td><td>232</td><td>379</td><td>1,249</td><td>1,805</td><td>-122</td><td>-540</td><td>-76</td><td>-3</td><td>-293</td><td>149</td><td>109</td></tr><tr><td>Guatemala</td><td>1,656</td><td>292</td><td>941</td><td>420</td><td>85</td><td>-7</td><td>-46</td><td>255</td><td>21</td><td>6</td><td>-77</td></tr><tr><td>Mexico</td><td>2,561</td><td>1,321</td><td>-990</td><td>3,474</td><td>750</td><td>853</td><td>-569</td><td>-833</td><td>-809</td><td>-773</td><td>-1,814</td></tr><tr><td>Netherlands Antilles and</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>Surinam</td><td>25,546</td><td>19,538</td><td>22,425</td><td>10,393</td><td>150</td><td>136</td><td>-1,094</td><td>2,211</td><td>-233</td><td>465</td><td>928</td></tr><tr><td>Panama, Republic of</td><td>-726</td><td>2,912</td><td>2,948</td><td>8,681</td><td>899</td><td>117</td><td>1,161</td><td>298</td><td>27</td><td>-306</td><td>-282</td></tr><tr><td>Peru</td><td>-879</td><td>1,449</td><td>533</td><td>467</td><td>-517</td><td>-180</td><td>70</td><td>173</td><td>69</td><td>-47</td><td>-21</td></tr><tr><td>El Salvador</td><td>-181</td><td>-256</td><td>-265</td><td>-957</td><td>21</td><td>3</td><td>8</td><td>9</td><td>1</td><td>3</td><td>1</td></tr><tr><td>Uruguay</td><td>-2,533</td><td>9,514</td><td>-888</td><td>-1,141</td><td>-161</td><td>-12,516</td><td>-2,430</td><td>164</td><td>-178</td><td>-89</td><td>-620</td></tr><tr><td>Venezuela</td><td>-1,210</td><td>8,841</td><td>4,071</td><td>8,756</td><td>290</td><td>965</td><td>-404</td><td>-239</td><td>279</td><td>399</td><td>-403</td></tr><tr><td>Other Latin America</td><td>917</td><td>-1,227</td><td>-506</td><td>198,436</td><td>510</td><td>-29,899</td><td>-2,675</td><td>-3,883</td><td>-19,523</td><td>-3,519</td><td>17,211</td></tr><tr><td>Total Latin America</td><td>-46,000</td><td>46,785</td><td>-10,110</td><td>237,198</td><td>2,693</td><td>-40,051</td><td>-6,843</td><td>-1,390</td><td>-20,544</td><td>-3,219</td><td>15,118</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>-403</td><td>-2</td><td>43</td><td>-148</td><td>12</td><td>-98</td><td>13</td><td>7</td><td>12</td><td>78</td><td>19</td></tr><tr><td>Hong Kong</td><td>4,231</td><td>18,454</td><td>9,791</td><td>37,712</td><td>-9,491</td><td>-10,037</td><td>-10,889</td><td>1,683</td><td>5,389</td><td>-2,639</td><td>-1,274</td></tr><tr><td>India</td><td>-1,389</td><td>1,144</td><td>39,839</td><td>-35,012</td><td>14</td><td>3,046</td><td>-3,476</td><td>3,503</td><td>4,507</td><td>-8,001</td><td>3,039</td></tr><tr><td>Indonesia</td><td>58</td><td>1,156</td><td>-1,032</td><td>131</td><td>20</td><td>59</td><td>7</td><td>23</td><td>-36</td><td>-5</td><td>12</td></tr><tr><td>Iran</td><td>174</td><td>186</td><td>215</td><td>-79</td><td>-13</td><td>-9</td><td>-21</td><td>18</td><td>14</td><td>-21</td><td>-22</td></tr><tr><td>Israel</td><td>91</td><td>1,281</td><td>-74</td><td>575</td><td>20</td><td>91</td><td>158</td><td>98</td><td>56</td><td>-31</td><td>65</td></tr><tr><td>Japan</td><td>-572</td><td>981</td><td>558</td><td>-13</td><td>9</td><td>9</td><td>57</td><td>65</td><td>29</td><td>79</td><td>-99</td></tr><tr><td>Korea, Republic of</td><td>-2</td><td>22</td><td>9</td><td>34</td><td>-</td><td>25</td><td>70</td><td>5</td><td>2</td><td>-5</td><td>3</td></tr><tr><td>Philippines</td><td>-1,993</td><td>505</td><td>-1,347</td><td>-8</td><td>9</td><td>7</td><td>10</td><td>-19</td><td>-38</td><td>-3</td><td>-602</td></tr><tr><td>Taiwan</td><td>-1,091</td><td>-1,357</td><td>-1,504</td><td>-230</td><td>21</td><td>14</td><td>24</td><td>-19</td><td>-9</td><td>57</td><td>1</td></tr><tr><td>Thailand</td><td>58</td><td>-369</td><td>99</td><td>154</td><td>-7</td><td>56</td><td>-76</td><td>15</td><td>3</td><td>5</td><td>-3</td></tr><tr><td>Other Asia</td><td>3,562</td><td>23,832</td><td>536</td><td>4,338</td><td>510</td><td>701</td><td>1,015</td><td>545</td><td>471</td><td>306</td><td>-2,562</td></tr><tr><td>Total Asia</td><td>2,704</td><td>45,733</td><td>47,133</td><td>7,454</td><td>-8,896</td><td>-6,136</td><td>-13,108</td><td>5,924</td><td>10,400</td><td>-10,180</td><td>-1,423</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>150</td><td>-323</td><td>-648</td><td>805</td><td>-37</td><td>-17</td><td>-37</td><td>226</td><td>92</td><td>33</td><td>15</td></tr><tr><td>Congo, Republic of the</td><td>-48</td><td>45</td><td>62</td><td>12</td><td>-12</td><td>-37</td><td>-</td><td>-</td><td>-5</td><td>-1</td><td>-4</td></tr><tr><td>South Africa</td><td>129</td><td>187</td><td>769</td><td>65</td><td>11</td><td>264</td><td>-44</td><td>3</td><td>46</td><td>-19</td><td>-11</td></tr><tr><td>United Arab Republic (Egypt)</td><td>105</td><td>44</td><td>-191</td><td>27</td><td>-16</td><td>62</td><td>-8</td><td>-</td><td>-2</td><td>-56</td><td>-4</td></tr><tr><td>All other</td><td>-786</td><td>18,881</td><td>-13,331</td><td>2,348</td><td>-421</td><td>-1,890</td><td>-221</td><td>86</td><td>131</td><td>404</td><td>-7</td></tr><tr><td>Total other countries</td><td>-450</td><td>18,834</td><td>-13,339</td><td>3,257</td><td>-475</td><td>-1,618</td><td>-310</td><td>315</td><td>262</td><td>361</td><td>-11</td></tr><tr><td>International</td><td>283,453</td><td>187,023</td><td>238,440</td><td>351,883</td><td>-11,599</td><td>-62,107</td><td>-1,975</td><td>-3,017</td><td>-177,865</td><td>37,196</td><td>-397</td></tr><tr><td>Grand total</td><td>-2,703</td><td>1,124,353</td><td>378,416</td><td>735,678</td><td>-14,590</td><td>-150,532</td><td>-91,984</td><td>-5,506</td><td>-204,574</td><td>-22,286</td><td>-35,399</td></tr></table>
Exclude: nonmarketable U. S. Treasury bonds, foreign currency series issued and payable in Italian lire ($24,974 thousand equivalent) and Swiss francs ($3,142 thousand equivalent). p. Preliminary.
December 1962
8
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
<table><tr><th>Country</th><th colspan="4">Calendar year</th><th colspan="7">1962</th></tr><tr><th></th><th>1958</th><th>1959</th><th>1960</th><th>1961</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August</th><th>Sept. p</th><th>October 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>-18,018</td><td>-137</td><td>197</td><td>-8,511</td><td>-90</td><td>3</td><td>-11,994</td><td>-13</td><td>34</td><td>-</td><td>-17</td></tr><tr><td>Belgium</td><td>21,299</td><td>7,500</td><td>14,385</td><td>-20,784</td><td>-18,664</td><td>737</td><td>131</td><td>356</td><td>155</td><td>677</td><td>-217</td></tr><tr><td>Czechoslovakia</td><td>-3</td><td></td><td></td><td>-587</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Denmark</td><td>3,256</td><td>-13,630</td><td>177</td><td>-14,519</td><td>113</td><td>-17,024</td><td>-14,767</td><td>184</td><td>80</td><td>194</td><td>-30</td></tr><tr><td>Finland</td><td>5,102</td><td>5,021</td><td>3,282</td><td>539</td><td></td><td></td><td></td><td></td><td>600</td><td></td><td></td></tr><tr><td>France</td><td>18,912</td><td>-93,465</td><td>10,325</td><td>-33,391</td><td>-4,782</td><td>4,088</td><td>754</td><td>-43</td><td>-773</td><td>-702</td><td>3,345</td></tr><tr><td>Germany, Federal Republic of</td><td>99,082</td><td>47,539</td><td>41,730</td><td>-31,423</td><td>-5,475</td><td>-21,880</td><td>-1,098</td><td>-877</td><td>683</td><td>1,386</td><td>-2,434</td></tr><tr><td>Greece</td><td>-912</td><td>-552</td><td>-1,564</td><td>-331</td><td>-2</td><td>-640</td><td>-4</td><td>8</td><td>-1</td><td></td><td>-339</td></tr><tr><td>Italy</td><td>7,345</td><td>-35,375</td><td>26,968</td><td>9,073</td><td>-221</td><td>1,972</td><td>3,209</td><td>3,949</td><td>520</td><td>446</td><td>-1,332</td></tr><tr><td>Netherlands</td><td>-234,089</td><td>-32,383</td><td>-87,643</td><td>-74,441</td><td>2,323</td><td>9,770</td><td>-43,392</td><td>6,291</td><td>-610</td><td>1,776</td><td>3,289</td></tr><tr><td>Norway</td><td>-16,325</td><td>1,449</td><td>-6,819</td><td>-1,479</td><td>-9,470</td><td>9,439</td><td>1,590</td><td>-2,768</td><td>-21,354</td><td>-24</td><td>1,698</td></tr><tr><td>Poland</td><td>-7</td><td></td><td></td><td>-11</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Portugal</td><td>3,513</td><td>407</td><td>414</td><td>247</td><td>66</td><td>148</td><td>-45</td><td>-6</td><td>-35</td><td>-36</td><td>97</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>-57</td><td>-739</td><td>1,409</td><td>973</td><td>-210</td><td>109</td><td>33</td><td>-25</td><td>161</td><td>-179</td><td>2,503</td></tr><tr><td>Sweden</td><td>691</td><td>-10,643</td><td>5,271</td><td>-1,642</td><td>94</td><td>1,261</td><td>-74</td><td>295</td><td>43</td><td>-651</td><td>1,514</td></tr><tr><td>Switzerland</td><td>92,200</td><td>51,384</td><td>-5,871</td><td>-31,745</td><td>2,297</td><td>6,839</td><td>-2,059</td><td>-5,049</td><td>-183</td><td>2,193</td><td>6,669</td></tr><tr><td>Turkey</td><td>-16</td><td>336</td><td>102</td><td>-126</td><td></td><td></td><td></td><td></td><td>23</td><td></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>-27,801</td><td>17,726</td><td>-1,384</td><td>-57,358</td><td>541</td><td>12,766</td><td>2,052</td><td>-379</td><td>3,807</td><td>2,697</td><td>12,549</td></tr><tr><td>Yugoslavia</td><td>24</td><td>500</td><td>500</td><td>-500</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other Europe</td><td>-26,268</td><td>5,348</td><td>-35,339</td><td>4,320</td><td>10,034</td><td>-29,405</td><td>-289</td><td>6,592</td><td>3,279</td><td>346</td><td>2,067</td></tr><tr><td>Total Europe</td><td>-72,072</td><td>-49,714</td><td>-117,320</td><td>-261,696</td><td>-23,446</td><td>-21,817</td><td>-65,953</td><td>8,515</td><td>-13,571</td><td>8,123</td><td>29,362</td></tr><tr><td>Canada</td><td>-543,274</td><td>-443,009</td><td>-195,849</td><td>-318,335</td><td>1,594</td><td>-91,483</td><td>-30,995</td><td>7,945</td><td>3,564</td><td>-14,111</td><td>-125,254</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>-442</td><td>-92</td><td>3,154</td><td>-7,555</td><td>-89</td><td>-158</td><td>-57</td><td>-139</td><td>-11</td><td>44</td><td>164</td></tr><tr><td>Bolivia</td><td>69</td><td>24</td><td>47</td><td>-184</td><td>-4</td><td>-7</td><td>-8</td><td>2</td><td>1</td><td>11</td><td>13</td></tr><tr><td>Brazil</td><td>4,979</td><td>7,804</td><td>5,864</td><td>5,775</td><td>-693</td><td>-327</td><td>464</td><td>390</td><td>442</td><td>268</td><td>144</td></tr><tr><td>Chile</td><td>812</td><td>2,291</td><td>631</td><td>1,889</td><td>405</td><td>169</td><td>-49</td><td>72</td><td>-50</td><td>28</td><td>319</td></tr><tr><td>Colombia</td><td>2,421</td><td>2,437</td><td>4,168</td><td>-345</td><td>187</td><td>-608</td><td>215</td><td>523</td><td>100</td><td>14</td><td>-1,707</td></tr><tr><td>Cuba</td><td>-152</td><td>-588</td><td>-5,551</td><td>355</td><td>-45</td><td>-10</td><td>8</td><td>-1</td><td>-122</td><td>20</td><td>-8</td></tr><tr><td>Dominican Republic</td><td>-80</td><td>12</td><td>614</td><td>123</td><td></td><td></td><td></td><td></td><td></td><td>42</td><td>3</td></tr><tr><td>Guatemala</td><td>-60</td><td>21</td><td>2</td><td>46</td><td>45</td><td>42</td><td>3,235</td><td>-1</td><td>29</td><td>10</td><td>26</td></tr><tr><td>Mexico</td><td>17,060</td><td>507</td><td>-53,597</td><td>-19,262</td><td>-16</td><td>331</td><td>-20,009</td><td>-52</td><td>-1,080</td><td>-21</td><td>2,250</td></tr><tr><td>Netherlands Antilles and Suriname</td><td>1,547</td><td>1,790</td><td>3,492</td><td>118</td><td>492</td><td>205</td><td>-134</td><td>209</td><td>36</td><td>381</td><td>-25</td></tr><tr><td>Panama, Republic of</td><td>-13,669</td><td>-3,599</td><td>-34,435</td><td>2,380</td><td>245</td><td>-517</td><td>222</td><td>-440</td><td>1,035</td><td>6</td><td>49</td></tr><tr><td>Peru</td><td>-443</td><td>-134</td><td>-1,760</td><td>326</td><td>415</td><td>106</td><td>15</td><td>-22</td><td>6</td><td>6</td><td>-7</td></tr><tr><td>El Salvador</td><td>-703</td><td>2,443</td><td>-1,080</td><td></td><td>1</td><td></td><td></td><td></td><td></td><td></td><td>5</td></tr><tr><td>Uruguay</td><td>3,532</td><td>1,913</td><td>-3,034</td><td>-2,590</td><td>-103</td><td>-736</td><td>102</td><td>58</td><td>27</td><td>1,148</td><td>250</td></tr><tr><td>Venezuela</td><td>253</td><td>1,321</td><td>688</td><td>-2,703</td><td>265</td><td>-356</td><td>-522</td><td>-610</td><td>1</td><td>24</td><td>-3,317</td></tr><tr><td>Other Latin America</td><td>-10,266</td><td>-4,905</td><td>-26,634</td><td>-36,746</td><td>-216</td><td>-1,068</td><td>-1,108</td><td>432</td><td>16</td><td>-62</td><td>340</td></tr><tr><td>Total Latin America</td><td>4,858</td><td>11,245</td><td>-107,431</td><td>-58,373</td><td>889</td><td>-2,934</td><td>-17,629</td><td>422</td><td>430</td><td>1,919</td><td>-1,501</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>8</td><td>59</td><td>-52</td><td>2</td><td></td><td></td><td></td><td></td><td></td><td></td><td>-1</td></tr><tr><td>Hong Kong</td><td>28,318</td><td>15,283</td><td>1,513</td><td>-3,169</td><td>151</td><td>63</td><td>-378</td><td>1,203</td><td>389</td><td>-52</td><td>-412</td></tr><tr><td>India</td><td>-50</td><td>151</td><td>-15</td><td>14</td><td></td><td></td><td></td><td></td><td></td><td>-51</td><td>-8</td></tr><tr><td>Indonesia</td><td>42</td><td>24</td><td>26</td><td>-8</td><td>1</td><td>1</td><td>1</td><td>-12</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Iran</td><td>1,015</td><td>-30</td><td>-2,117</td><td>-1,962</td><td>8</td><td>-1</td><td></td><td></td><td>-4</td><td></td><td>2</td></tr><tr><td>Israel</td><td>-46,677</td><td>-50,536</td><td>-48,113</td><td>-62,047</td><td>-3,432</td><td>-4,527</td><td>-4,031</td><td>-3,536</td><td>-2,358</td><td>-1,992</td><td>-1,807</td></tr><tr><td>Japan</td><td>598</td><td>-32,736</td><td>763</td><td>-50,300</td><td>-130</td><td>-21,731</td><td>562</td><td>1,336</td><td>-3,279</td><td>-54,582</td><td>-1,478</td></tr><tr><td>Korea, Republic of</td><td></td><td></td><td></td><td>4</td><td></td><td></td><td></td><td></td><td></td><td>-700</td><td></td></tr><tr><td>Philippines</td><td>-693</td><td>1,782</td><td>1,879</td><td>60</td><td>-12</td><td>1</td><td>4</td><td>-8</td><td>-3</td><td></td><td>304</td></tr><tr><td>Taiwan</td><td>-52</td><td>-370</td><td>-3</td><td>-452</td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,000</td></tr><tr><td>Thailand</td><td>-185</td><td>-955</td><td>553</td><td>-137</td><td>-11</td><td>-21</td><td>-1</td><td>-1</td><td></td><td></td><td>-750</td></tr><tr><td>Other Asia</td><td>-27,167</td><td>-29,326</td><td>4,939</td><td>-2,586</td><td>-14</td><td>3</td><td>-1,465</td><td>-3</td><td>-4</td><td>6</td><td>-3,222</td></tr><tr><td>Total Asia</td><td>-44,843</td><td>-96,654</td><td>-40,627</td><td>-120,581</td><td>-3,439</td><td>-26,212</td><td>-5,307</td><td>-1,020</td><td>-5,258</td><td>-57,370</td><td>-6,401</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>-44,434</td><td>-18,166</td><td>-43,094</td><td>-28,883</td><td>-103</td><td>1,035</td><td>-7</td><td>-25,497</td><td>184</td><td>-121</td><td>-23,980</td></tr><tr><td>Congo, Republic of the</td><td>-16,099</td><td>-9,067</td><td>-16</td><td>8</td><td>772</td><td>-51</td><td>2,429</td><td>75</td><td>301</td><td>621</td><td>2,632</td></tr><tr><td>South Africa</td><td>-66,917</td><td></td><td>8,535</td><td>-24,381</td><td></td><td></td><td></td><td>2</td><td>106</td><td></td><td></td></tr><tr><td>United Arab Republic (Egypt)</td><td></td><td>-356</td><td></td><td>4</td><td>-85</td><td>-23,851</td><td>433</td><td>-266</td><td>1</td><td>-75</td><td>-2,996</td></tr><tr><td>All other</td><td>-22,175</td><td>-5,554</td><td>-1,869</td><td>-19,441</td><td></td><td></td><td></td><td></td><td>-4</td><td></td><td></td></tr><tr><td>Total other countries</td><td>-149,625</td><td>-15,015</td><td>-36,444</td><td>-72,693</td><td>584</td><td>-22,867</td><td>2,855</td><td>-25,686</td><td>588</td><td>425</td><td>-24,344</td></tr><tr><td>International</td><td>-557,576</td><td>-156,583</td><td>-147,046</td><td>1,291</td><td>-21,326</td><td>-10,861</td><td>-290</td><td>-3,791</td><td>3,863</td><td>8,897</td><td>-4,249</td></tr><tr><td>Grand total</td><td>-1,362,532</td><td>-749,730</td><td>-644,717</td><td>-830,387</td><td>-45,144</td><td>-176,174</td><td>-117,319</td><td>-13,615</td><td>-10,384</td><td>-52,117</td><td>-132,387</td></tr></table>
p Preliminary.
84
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of October 31, 1962
(Position in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term liabilities</th><th colspan="4">To foreign banks and official institutions</th><th colspan="4">To all other foreigners</th><th>Short-term liabilities payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th>Total</th><th>Deposits</th><th>U.S. Treasury bills and certificates</th><th>Other</th><th></th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>319,369</td><td>317,433</td><td>247,186</td><td>65,200</td><td>5,047</td><td>1,886</td><td>1,877</td><td>-</td><td>9</td><td>50</td></tr><tr><td>Belgium</td><td>189,927</td><td>159,957</td><td>89,850</td><td>50,200</td><td>19,907</td><td>29,749</td><td>27,569</td><td>339</td><td>1,841</td><td>221</td></tr><tr><td>Czechoslovakia</td><td>1,064</td><td>672</td><td>575</td><td>-</td><td>97</td><td>392</td><td>392</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Denmark</td><td>54,605</td><td>47,857</td><td>40,236</td><td>6,100</td><td>1,521</td><td>6,615</td><td>6,037</td><td>487</td><td>91</td><td>133</td></tr><tr><td>Finland</td><td>73,465</td><td>71,592</td><td>43,457</td><td>21,300</td><td>6,835</td><td>1,867</td><td>1,839</td><td>-</td><td>28</td><td>6</td></tr><tr><td>France</td><td>1,205,365</td><td>1,153,943</td><td>192,435</td><td>915,698</td><td>45,810</td><td>49,238</td><td>42,689</td><td>3,762</td><td>2,787</td><td>2,184</td></tr><tr><td>Germany, Federal Republic of</td><td>2,822,671</td><td>2,783,072</td><td>274,993</td><td>2,166,000</td><td>342,078</td><td>36,976</td><td>29,943</td><td>1,553</td><td>5,480</td><td>2,624</td></tr><tr><td>Greece</td><td>103,238</td><td>86,645</td><td>68,490</td><td>20,000</td><td>155</td><td>16,589</td><td>16,589</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Italy</td><td>1,310,090</td><td>1,157,280</td><td>207,954</td><td>815,085</td><td>134,241</td><td>27,746</td><td>25,483</td><td>1,870</td><td>393</td><td>125,064</td></tr><tr><td>Netherlands</td><td>259,064</td><td>220,908</td><td>91,719</td><td>119,255</td><td>9,934</td><td>35,809</td><td>26,362</td><td>667</td><td>8,780</td><td>2,347</td></tr><tr><td>Norway</td><td>109,391</td><td>79,293</td><td>42,995</td><td>12,252</td><td>24,046</td><td>29,895</td><td>28,648</td><td>859</td><td>388</td><td>203</td></tr><tr><td>Poland</td><td>9,375</td><td>9,049</td><td>8,227</td><td>-</td><td>822</td><td>326</td><td>308</td><td>18</td><td>141</td><td>12</td></tr><tr><td>Portugal</td><td>155,536</td><td>112,139</td><td>108,012</td><td>-</td><td>4,127</td><td>43,385</td><td>43,142</td><td>102</td><td>-</td><td>-</td></tr><tr><td>Romania</td><td>990</td><td>697</td><td>622</td><td>-</td><td>75</td><td>293</td><td>293</td><td>-</td><td>2,080</td><td>23</td></tr><tr><td>Spain</td><td>151,085</td><td>117,011</td><td>101,793</td><td>14,000</td><td>1,218</td><td>34,051</td><td>31,699</td><td>272</td><td>2,080</td><td>23</td></tr><tr><td>Sweden</td><td>457,629</td><td>439,565</td><td>95,018</td><td>330,500</td><td>14,047</td><td>17,935</td><td>17,255</td><td>660</td><td>20</td><td>129</td></tr><tr><td>Switzerland</td><td>885,394</td><td>727,298</td><td>284,865</td><td>273,827</td><td>168,606</td><td>96,219</td><td>62,829</td><td>14,849</td><td>18,541</td><td>61,877</td></tr><tr><td>Turkey</td><td>26,027</td><td>24,400</td><td>24,376</td><td>-</td><td>24</td><td>1,627</td><td>1,607</td><td>-</td><td>20</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>2,270</td><td>2,045</td><td>1,963</td><td>-</td><td>82</td><td>225</td><td>225</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>1,853,119</td><td>1,357,084</td><td>1,036,951</td><td>271,214</td><td>48,919</td><td>438,920</td><td>162,953</td><td>39,802</td><td>236,165</td><td>57,115</td></tr><tr><td>Yugoslavia</td><td>11,931</td><td>11,261</td><td>9,053</td><td>-</td><td>2,208</td><td>670</td><td>658</td><td>-</td><td>12</td><td>4</td></tr><tr><td>Other Europe</td><td>266,733</td><td>253,887</td><td>68,539</td><td>94,128</td><td>91,220</td><td>9,269</td><td>8,897</td><td>215</td><td>157</td><td>3,577</td></tr><tr><td>Total Europe</td><td>10,268,338</td><td>9,133,087</td><td>3,037,309</td><td>5,174,759</td><td>921,019</td><td>879,682</td><td>537,294</td><td>65,455</td><td>276,933</td><td>255,569</td></tr><tr><td>Canada</td><td>3,885,640</td><td>3,647,687</td><td>1,849,237</td><td>1,756,409</td><td>42,041</td><td>221,424</td><td>173,221</td><td>24,514</td><td>23,689</td><td>16,529</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>187,161</td><td>77,466</td><td>59,766</td><td>16,263</td><td>1,437</td><td>109,668</td><td>103,509</td><td>480</td><td>5,679</td><td>27</td></tr><tr><td>Bolivia</td><td>23,833</td><td>6,801</td><td>6,769</td><td>-</td><td>32</td><td>17,029</td><td>16,942</td><td>72</td><td>15</td><td>3</td></tr><tr><td>Brazil</td><td>179,768</td><td>80,669</td><td>73,080</td><td>198</td><td>7,391</td><td>99,019</td><td>98,112</td><td>147</td><td>760</td><td>80</td></tr><tr><td>Chile</td><td>111,882</td><td>36,175</td><td>35,890</td><td>-</td><td>285</td><td>75,690</td><td>74,799</td><td>235</td><td>656</td><td>17</td></tr><tr><td>Colombia</td><td>151,792</td><td>72,520</td><td>67,582</td><td>200</td><td>4,738</td><td>79,238</td><td>76,411</td><td>115</td><td>2,712</td><td>34</td></tr><tr><td>Cuba</td><td>14,665</td><td>1,490</td><td>1,490</td><td>-</td><td>-</td><td>13,175</td><td>13,006</td><td>95</td><td>74</td><td>-</td></tr><tr><td>Dominican Republic</td><td>35,464</td><td>17,885</td><td>17,420</td><td>-</td><td>465</td><td>17,579</td><td>17,386</td><td>73</td><td>120</td><td>-</td></tr><tr><td>Guatemala</td><td>32,647</td><td>16,067</td><td>14,145</td><td>-</td><td>1,922</td><td>16,580</td><td>16,351</td><td>54</td><td>175</td><td>-</td></tr><tr><td>Mexico</td><td>466,740</td><td>243,235</td><td>216,477</td><td>-</td><td>26,758</td><td>223,152</td><td>219,426</td><td>317</td><td>3,409</td><td>353</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>90,773</td><td>39,019</td><td>26,075</td><td>7,587</td><td>5,357</td><td>51,723</td><td>32,668</td><td>2,375</td><td>16,680</td><td>31</td></tr><tr><td>Panama, Republic of</td><td>84,321</td><td>10,915</td><td>10,032</td><td>-</td><td>883</td><td>73,406</td><td>63,930</td><td>1,147</td><td>8,329</td><td>106</td></tr><tr><td>Peru</td><td>103,229</td><td>39,657</td><td>39,441</td><td>-</td><td>236</td><td>63,466</td><td>62,374</td><td>1,092</td><td>1,092</td><td>-</td></tr><tr><td>El Salvador</td><td>25,021</td><td>10,671</td><td>5,671</td><td>4,700</td><td>300</td><td>14,350</td><td>14,089</td><td>11</td><td>250</td><td>106</td></tr><tr><td>Uruguay</td><td>89,650</td><td>37,613</td><td>31,771</td><td>-</td><td>5,842</td><td>52,014</td><td>45,314</td><td>1,757</td><td>4,943</td><td>23</td></tr><tr><td>Venezuela</td><td>417,020</td><td>186,386</td><td>186,129</td><td>-</td><td>257</td><td>230,099</td><td>224,767</td><td>3,796</td><td>1,536</td><td>535</td></tr><tr><td>Other Latin America</td><td>403,599</td><td>275,895</td><td>145,367</td><td>24,878</td><td>105,650</td><td>125,036</td><td>108,270</td><td>7,286</td><td>9,480</td><td>2,668</td></tr><tr><td>Total Latin America</td><td>2,417,565</td><td>1,152,464</td><td>937,105</td><td>53,826</td><td>161,533</td><td>1,261,224</td><td>1,187,354</td><td>17,960</td><td>55,910</td><td>3,877</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>China Mainland</td><td>35,559</td><td>29,813</td><td>29,730</td><td>83</td><td>-</td><td>5,746</td><td>5,746</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hong Kong</td><td>62,926</td><td>32,181</td><td>26,295</td><td>-</td><td>5,886</td><td>30,696</td><td>30,458</td><td>38</td><td>200</td><td>49</td></tr><tr><td>India</td><td>49,030</td><td>41,148</td><td>23,002</td><td>12,100</td><td>6,046</td><td>6,438</td><td>6,103</td><td>-</td><td>335</td><td>1,444</td></tr><tr><td>Indonesia</td><td>38,628</td><td>36,762</td><td>15,645</td><td>21,100</td><td>17</td><td>1,866</td><td>1,866</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>27,377</td><td>19,955</td><td>19,943</td><td>-</td><td>12</td><td>7,413</td><td>7,413</td><td>-</td><td>-</td><td>9</td></tr><tr><td>Israel</td><td>73,571</td><td>67,520</td><td>43,256</td><td>6,686</td><td>17,578</td><td>6,051</td><td>5,365</td><td>20</td><td>666</td><td>-</td></tr><tr><td>Japan</td><td>2,104,430</td><td>2,082,848</td><td>1,185,019</td><td>720,920</td><td>176,909</td><td>21,556</td><td>20,831</td><td>-</td><td>725</td><td>26</td></tr><tr><td>Korea, Republic of</td><td>147,343</td><td>145,866</td><td>142,914</td><td>-</td><td>2,952</td><td>1,477</td><td>1,477</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>162,916</td><td>138,708</td><td>129,168</td><td>842</td><td>8,696</td><td>24,201</td><td>23,910</td><td>201</td><td>90</td><td>7</td></tr><tr><td>Taiwan</td><td>76,600</td><td>70,145</td><td>62,405</td><td>10</td><td>7,730</td><td>6,455</td><td>6,455</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>326,042</td><td>322,677</td><td>92,142</td><td>224,292</td><td>6,243</td><td>3,365</td><td>3,365</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>240,391</td><td>204,862</td><td>147,481</td><td>23,688</td><td>33,693</td><td>35,079</td><td>34,320</td><td>44</td><td>715</td><td>450</td></tr><tr><td>Total Asia</td><td>3,344,813</td><td>3,192,485</td><td>1,917,000</td><td>1,009,723</td><td>265,762</td><td>150,343</td><td>147,309</td><td>303</td><td>2,731</td><td>1,985</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>154,974</td><td>150,287</td><td>47,358</td><td>92,950</td><td>9,979</td><td>3,650</td><td>3,493</td><td>95</td><td>62</td><td>1,037</td></tr><tr><td>Congo, Republic of the</td><td>31,369</td><td>29,911</td><td>29,859</td><td>-</td><td>52</td><td>1,458</td><td>1,458</td><td>-</td><td>-</td><td>-</td></tr><tr><td>South Africa</td><td>41,994</td><td>39,226</td><td>34,074</td><td>5,000</td><td>152</td><td>2,340</td><td>2,240</td><td>100</td><td>-</td><td>428</td></tr><tr><td>United Arab Republic (Egypt)</td><td>12,535</td><td>11,879</td><td>10,368</td><td>870</td><td>641</td><td>500</td><td>499</td><td>-</td><td>1</td><td>156</td></tr><tr><td>All other</td><td>226,028</td><td>193,931</td><td>142,368</td><td>39,280</td><td>12,283</td><td>29,560</td><td>28,328</td><td>-</td><td>1,323</td><td>2,537</td></tr><tr><td>Total other countries</td><td>466,900</td><td>425,234</td><td>264,027</td><td>138,100</td><td>23,107</td><td>37,508</td><td>36,018</td><td>195</td><td>1,295</td><td>4,158</td></tr><tr><td>International</td><td>4,839,245</td><td>4,839,145</td><td>511,671</td><td>4,322,353</td><td>5,121</td><td>100</td><td>-</td><td>-</td><td>100</td><td>-</td></tr><tr><td>Grand total</td><td>25,222,501</td><td>22,390,102</td><td>8,516,349</td><td>12,455,170</td><td>1,418,583</td><td>2,550,281</td><td>2,081,196</td><td>108,427</td><td>360,658</td><td>282,118</td></tr></table>
1/ Reflects reclassification of reported deposits for changes in domicile over the past few years from Cuba to other countries as follows: Cuba - $19,897 thousand, Portugal +$3,860 thousand, Spain +$7,950 thousand, other countries +$1,337 thousand, and Grand total - $6,750 thousand
2/ Data exclude nonnegotiable, noninterest-bearing special U. S. notes held by the Inter-American Development Bank ($35,000 thousand) and by the International Development Association ($115,304 thousand).
December 1962
85
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of October 31, 1962 1/
(Position in thousands of dollars)
<table><tr><th>Country</th><th>Total short-term claims</th><th colspan="3">Short-term claims payable in dollars</th><th colspan="3">Short-term claims payable in foreign currencies</th></tr><tr><th></th><th></th><th>Total</th><th>Loans to: Foreign banks and official institutions</th><th>Other</th><th>Collection for own account and domestic customers</th><th>Other</th><th>Total</th><th>Deposits of re-exporting banks and domestic customers with foreigners</th><th>Other</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>6,880</td><td>6,617</td><td>3,069</td><td>491</td><td>1,769</td><td>1,288</td><td>263</td><td>263</td><td>-</td></tr><tr><td>Belgium</td><td>16,025</td><td>12,426</td><td>947</td><td>1,844</td><td>8,580</td><td>1,055</td><td>3,599</td><td>3,572</td><td>27</td></tr><tr><td>Czecho-slovakia</td><td>1,354</td><td>1,350</td><td>1,250</td><td>-</td><td>91</td><td>9</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Denmark</td><td>9,783</td><td>9,014</td><td>444</td><td>628</td><td>2,333</td><td>5,609</td><td>769</td><td>769</td><td>-</td></tr><tr><td>Finland</td><td>31,416</td><td>31,341</td><td>2,798</td><td>482</td><td>2,895</td><td>25,166</td><td>75</td><td>75</td><td>-</td></tr><tr><td>France</td><td>44,255</td><td>40,199</td><td>8,785</td><td>7,223</td><td>12,814</td><td>11,377</td><td>4,056</td><td>3,978</td><td>78</td></tr><tr><td>Germany, Federal Republic of</td><td>142,760</td><td>110,825</td><td>24,321</td><td>39,517</td><td>19,847</td><td>27,140</td><td>31,935</td><td>26,089</td><td>5,846</td></tr><tr><td>Greece</td><td>6,124</td><td>5,440</td><td>136</td><td>-</td><td>5,088</td><td>29</td><td>684</td><td>679</td><td>5</td></tr><tr><td>Italy</td><td>44,715</td><td>42,689</td><td>6,788</td><td>9,316</td><td>16,650</td><td>9,935</td><td>2,026</td><td>1,860</td><td>166</td></tr><tr><td>Netherlands</td><td>46,401</td><td>36,699</td><td>511</td><td>22,762</td><td>12,125</td><td>1,301</td><td>9,702</td><td>9,665</td><td>37</td></tr><tr><td>Norway</td><td>30,371</td><td>29,585</td><td>8,123</td><td>2,330</td><td>2,131</td><td>17,001</td><td>786</td><td>727</td><td>59</td></tr><tr><td>Poland</td><td>11,600</td><td>11,590</td><td>25</td><td>475</td><td>363</td><td>10,727</td><td>10</td><td>10</td><td>-</td></tr><tr><td>Portugal</td><td>8,097</td><td>7,969</td><td>3,304</td><td>69</td><td>1,590</td><td>3,006</td><td>128</td><td>128</td><td>-</td></tr><tr><td>Romania</td><td>7</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Spain</td><td>24,029</td><td>21,870</td><td>4,258</td><td>8,945</td><td>2,795</td><td>5,872</td><td>2,159</td><td>2,158</td><td>1</td></tr><tr><td>Sweden</td><td>15,457</td><td>13,803</td><td>1,205</td><td>245</td><td>5,833</td><td>6,518</td><td>1,654</td><td>1,646</td><td>8</td></tr><tr><td>Switzerland</td><td>74,229</td><td>40,160</td><td>13,765</td><td>12,597</td><td>7,862</td><td>5,936</td><td>34,069</td><td>21,644</td><td>12,425</td></tr><tr><td>Turkey</td><td>24,289</td><td>24,284</td><td>21,021</td><td>415</td><td>2,848</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>U.S.S.R.</td><td>7</td><td>6</td><td>-</td><td>-</td><td>6</td><td>-</td><td>1</td><td>1</td><td>-</td></tr><tr><td>United Kingdom</td><td>201,614</td><td>69,019</td><td>23,724</td><td>6,217</td><td>11,729</td><td>27,349</td><td>132,595</td><td>113,482</td><td>19,113</td></tr><tr><td>Yugoslavia</td><td>5,552</td><td>5,552</td><td>3,296</td><td>1</td><td>405</td><td>1,850</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Europe</td><td>15,388</td><td>14,872</td><td>907</td><td>7,293</td><td>2,901</td><td>3,771</td><td>516</td><td>501</td><td>15</td></tr><tr><td>Total Europe</td><td>760,353</td><td>535,317</td><td>128,677</td><td>121,037</td><td>120,664</td><td>164,939</td><td>225,036</td><td>187,256</td><td>37,780</td></tr><tr><td>Canada</td><td>546,722</td><td>279,073</td><td>11,395</td><td>151,883</td><td>7,149</td><td>108,646</td><td>267,649</td><td>116,231</td><td>151,418</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>168,687</td><td>143,436</td><td>30,065</td><td>20,200</td><td>39,206</td><td>53,965</td><td>25,251</td><td>25,136</td><td>115</td></tr><tr><td>Bolivia</td><td>4,093</td><td>4,093</td><td>270</td><td>136</td><td>3,068</td><td>619</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>189,196</td><td>148,023</td><td>41,445</td><td>50,912</td><td>22,745</td><td>32,921</td><td>41,173</td><td>40,959</td><td>214</td></tr><tr><td>Chile</td><td>172,020</td><td>171,786</td><td>42,115</td><td>22,848</td><td>23,723</td><td>83,100</td><td>234</td><td>8</td><td>226</td></tr><tr><td>Colombia</td><td>151,658</td><td>151,440</td><td>26,401</td><td>43,976</td><td>24,584</td><td>56,479</td><td>218</td><td>22</td><td>196</td></tr><tr><td>Cuba</td><td>17,455</td><td>17,429</td><td>-</td><td>1,416</td><td>15,842</td><td>171</td><td>26</td><td>19</td><td>7</td></tr><tr><td>Dominican Republic</td><td>13,357</td><td>13,357</td><td>3,868</td><td>141</td><td>8,479</td><td>869</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>16,802</td><td>16,777</td><td>1,445</td><td>855</td><td>6,853</td><td>7,624</td><td>25</td><td>-</td><td>25</td></tr><tr><td>Mexico</td><td>375,609</td><td>371,629</td><td>136,284</td><td>81,077</td><td>33,822</td><td>120,446</td><td>3,980</td><td>1,050</td><td>2,930</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>9,781</td><td>9,781</td><td>79</td><td>5,994</td><td>3,627</td><td>81</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Panama, Republic of</td><td>32,220</td><td>32,174</td><td>10,084</td><td>9,505</td><td>6,382</td><td>6,203</td><td>46</td><td>46</td><td>46</td></tr><tr><td>Peru</td><td>86,203</td><td>86,147</td><td>4,386</td><td>12,361</td><td>28,182</td><td>41,218</td><td>56</td><td>31</td><td>25</td></tr><tr><td>El Salvador</td><td>11,689</td><td>11,679</td><td>199</td><td>1,303</td><td>5,749</td><td>4,428</td><td>6</td><td>6</td><td>6</td></tr><tr><td>Uruguay</td><td>101,444</td><td>101,435</td><td>7,707</td><td>4,469</td><td>9,660</td><td>79,599</td><td>9</td><td>9</td><td>-</td></tr><tr><td>Venezuela</td><td>95,556</td><td>94,789</td><td>13,961</td><td>14,195</td><td>52,146</td><td>14,487</td><td>767</td><td>267</td><td>500</td></tr><tr><td>Other Latin America</td><td>79,045</td><td>78,801</td><td>16,680</td><td>15,893</td><td>29,313</td><td>16,915</td><td>244</td><td>115</td><td>129</td></tr><tr><td>Total Latin America</td><td>1,524,811</td><td>1,452,776</td><td>334,989</td><td>285,281</td><td>313,381</td><td>519,125</td><td>72,035</td><td>67,616</td><td>4,419</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>1,675</td><td>1,670</td><td>1,668</td><td>-</td><td>2</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Hong Kong</td><td>13,356</td><td>13,334</td><td>5,197</td><td>3,643</td><td>3,615</td><td>879</td><td>22</td><td>22</td><td>-</td></tr><tr><td>India</td><td>18,077</td><td>17,432</td><td>6,456</td><td>619</td><td>7,518</td><td>2,839</td><td>645</td><td>645</td><td>-</td></tr><tr><td>Indonesia</td><td>488</td><td>488</td><td>49</td><td>45</td><td>394</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>21,117</td><td>21,117</td><td>2,668</td><td>88</td><td>16,113</td><td>2,248</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Israel</td><td>36,694</td><td>36,694</td><td>3,819</td><td>2,589</td><td>4,440</td><td>25,846</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>1,692,523</td><td>1,653,407</td><td>633,730</td><td>29,802</td><td>145,708</td><td>844,167</td><td>39,116</td><td>38,920</td><td>196</td></tr><tr><td>Korea, Republic of</td><td>4,746</td><td>4,746</td><td>4</td><td>-</td><td>4,166</td><td>576</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippines</td><td>70,354</td><td>70,218</td><td>48,483</td><td>8,445</td><td>4,448</td><td>8,842</td><td>136</td><td>136</td><td>-</td></tr><tr><td>Taiwan</td><td>8,910</td><td>8,910</td><td>2,761</td><td>310</td><td>4,049</td><td>1,790</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>31,709</td><td>31,709</td><td>6,621</td><td>106</td><td>4,908</td><td>20,074</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Asia</td><td>67,133</td><td>66,043</td><td>36,198</td><td>4,053</td><td>21,982</td><td>3,810</td><td>1,090</td><td>1,008</td><td>82</td></tr><tr><td>Total Asia</td><td>1,966,782</td><td>1,925,768</td><td>747,654</td><td>49,700</td><td>217,343</td><td>911,071</td><td>41,014</td><td>40,736</td><td>278</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>45,027</td><td>31,230</td><td>1,845</td><td>4,095</td><td>15,343</td><td>9,947</td><td>13,797</td><td>1,432</td><td>12,365</td></tr><tr><td>Congo, Republic of the</td><td>2,000</td><td>2,000</td><td>321</td><td>-</td><td>1,679</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>South Africa</td><td>11,303</td><td>9,300</td><td>325</td><td>302</td><td>8,434</td><td>239</td><td>2,003</td><td>1,896</td><td>107</td></tr><tr><td>United Arab Republic (Egypt)</td><td>23,412</td><td>23,184</td><td>9,003</td><td>2</td><td>1,892</td><td>12,287</td><td>228</td><td>158</td><td>70</td></tr><tr><td>All Other</td><td>51,465</td><td>50,749</td><td>8,193</td><td>21,718</td><td>19,702</td><td>1,136</td><td>716</td><td>264</td><td>452</td></tr><tr><td>Total other countries</td><td>133,207</td><td>116,463</td><td>19,687</td><td>26,117</td><td>47,050</td><td>23,609</td><td>16,744</td><td>3,750</td><td>12,994</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>4,931,875</td><td>4,309,397</td><td>1,242,402</td><td>634,018</td><td>705,587</td><td>1,727,390</td><td>622,478</td><td>415,589</td><td>206,889</td></tr></table>
Excludes convertible foreign currencies held by U.S. monetary authorities.
86
Treasury Bulletin
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During October 1962
(In thousands of dollars)
<table><tr><th>Country</th><th>Total purchased</th><th colspan="3">Domestic securities</th><th colspan="2">Foreign securities</th><th>Total sales</th><th colspan="3">Domestic securities</th><th colspan="2">Foreign securities</th></tr><tr><th></th><th></th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>Corporate and other Stocks</th><th>Bonds</th><th>Stocks</th><th></th><th>U.S. Government bonds and notes</th><th>Corporate and other Bonds</th><th>Corporate and other Stocks</th><th>Bonds</th><th>Stocks</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>1,222</td><td>8</td><td>73</td><td>19</td><td>1,195</td><td>2,221</td><td>1,245</td><td>6,390</td><td>225</td><td>33</td><td>1,200</td><td>12</td></tr><tr><td>Belgium</td><td>6,175</td><td>-</td><td>-</td><td>-</td><td>2,894</td><td>987</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,426</td><td>672</td></tr><tr><td>Czechoslovakia</td><td>1,649</td><td>-</td><td>39</td><td>60</td><td>1,550</td><td>-</td><td>5,170</td><td>3,500</td><td>5</td><td>85</td><td>1,566</td><td>142</td></tr><tr><td>Denmark</td><td>1,025</td><td>-</td><td>-</td><td>25</td><td>1,000</td><td>-</td><td>1,022</td><td>-</td><td>-</td><td>22</td><td>1,000</td><td>-</td></tr><tr><td>Finland</td><td>16,717</td><td>11</td><td>360</td><td>6,499</td><td>7,353</td><td>2,494</td><td>13,174</td><td>6</td><td>128</td><td>6,538</td><td>4,070</td><td>2,432</td></tr><tr><td>France</td><td>16,758</td><td>-</td><td>40</td><td>2,890</td><td>10,308</td><td>3,520</td><td>20,249</td><td>3</td><td>25</td><td>3,999</td><td>14,801</td><td>1,461</td></tr><tr><td>Germany, Federal Republic of</td><td>596</td><td>-</td><td>-</td><td>98</td><td>40</td><td>458</td><td>1,036</td><td>10</td><td>-</td><td>189</td><td>525</td><td>312</td></tr><tr><td>Italy</td><td>15,876 1/2</td><td>187 1/2</td><td>141</td><td>1,689</td><td>13,590</td><td>269</td><td>17,672</td><td>11</td><td>3</td><td>2,467</td><td>15,012</td><td>179</td></tr><tr><td>Netherlands</td><td>14,328</td><td>-</td><td>648</td><td>4,672</td><td>1,899</td><td>7,109</td><td>10,552</td><td>10</td><td>639</td><td>4,184</td><td>1,570</td><td>4,149</td></tr><tr><td>Norway</td><td>7,372</td><td>3,271</td><td>19</td><td>225</td><td>3,856</td><td>1</td><td>9,399</td><td>7,003</td><td>28</td><td>209</td><td>1,957</td><td>202</td></tr><tr><td>Poland</td><td>297</td><td>3</td><td>-</td><td>65</td><td>187</td><td>42</td><td>193</td><td>3</td><td>13</td><td>45</td><td>98</td><td>34</td></tr><tr><td>Portugal</td><td>-</td><td>-</td><td>37</td><td>771</td><td>4,002</td><td>5</td><td>2,552</td><td>40</td><td>35</td><td>973</td><td>1,404</td><td>100</td></tr><tr><td>Romania</td><td>4,815</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,136</td><td>1,565</td><td>535</td><td>280</td><td>1,705</td><td>51</td></tr><tr><td>Spain</td><td>6,452</td><td>1,965</td><td>1,072</td><td>145</td><td>3,266</td><td>4</td><td>70,594</td><td>1,930</td><td>5,107</td><td>52,017</td><td>7,596</td><td>3,944</td></tr><tr><td>Sweden</td><td>63,015 1/2</td><td>2,912 1/2</td><td>2,633</td><td>39,261</td><td>15,809</td><td>2,400</td><td>70,594</td><td>1,930</td><td>5,107</td><td>52,017</td><td>7,596</td><td>3,944</td></tr><tr><td>Switzerland</td><td>306</td><td>-</td><td>3</td><td>303</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Turkey</td><td>60,911</td><td>6,954</td><td>628</td><td>26,815</td><td>15,735</td><td>10,779</td><td>61,443</td><td>29,012</td><td>648</td><td>17,818</td><td>10,437</td><td>3,528</td></tr><tr><td>U.S.S.R.</td><td>500</td><td>-</td><td>-</td><td>18</td><td>500</td><td>-</td><td>513</td><td>4</td><td>131</td><td>1,219</td><td>4,061</td><td>141</td></tr><tr><td>United Kingdom</td><td>7,424</td><td>250</td><td>-</td><td>887</td><td>6,172</td><td>97</td><td>5,556</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Yugoslavia</td><td>225,438 1/2</td><td>15,561 1/2</td><td>5,711</td><td>86,645</td><td>89,356</td><td>28,165</td><td>230,896</td><td>43,097</td><td>7,522</td><td>92,118</td><td>70,928</td><td>17,231</td></tr><tr><td>Total Europe</td><td>106,093</td><td>12,574</td><td>17,795</td><td>20,639</td><td>26,179</td><td>28,906</td><td>245,213</td><td>28,321</td><td>18,775</td><td>17,778</td><td>159,263</td><td>21,076</td></tr><tr><td>Canada</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>820</td><td>137</td><td>4</td><td>462</td><td>215</td><td>2</td><td>1,015</td><td>12</td><td>14</td><td>936</td><td>38</td><td>15</td></tr><tr><td>Bolivia</td><td>98</td><td>-</td><td>46</td><td>20</td><td>32</td><td>-</td><td>60</td><td>-</td><td>-</td><td>42</td><td>19</td><td>-</td></tr><tr><td>Brazil</td><td>1,090</td><td>59</td><td>16</td><td>834</td><td>172</td><td>9</td><td>735</td><td>-</td><td>24</td><td>674</td><td>2</td><td>35</td></tr><tr><td>Chile</td><td>1,115</td><td>-</td><td>25</td><td>765</td><td>300</td><td>25</td><td>481</td><td>-</td><td>-</td><td>475</td><td>-</td><td>6</td></tr><tr><td>Colombia</td><td>481</td><td>-</td><td>-</td><td>170</td><td>311</td><td>-</td><td>2,291</td><td>-</td><td>175</td><td>98</td><td>2,018</td><td>-</td></tr><tr><td>Cuba</td><td>170</td><td>60</td><td>75</td><td>29</td><td>-</td><td>6</td><td>15</td><td>30</td><td>-</td><td>25</td><td>8</td><td>-</td></tr><tr><td>Dominican Republic</td><td>43</td><td>7</td><td>-</td><td>17</td><td>26</td><td>-</td><td>94</td><td>-</td><td>41</td><td>53</td><td>3</td><td>-</td></tr><tr><td>Mexico</td><td>4,843</td><td>-</td><td>29</td><td>1,697</td><td>3,109</td><td>41</td><td>4,407</td><td>1,510</td><td>16</td><td>1,981</td><td>666</td><td>234</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>2,118</td><td>-</td><td>285</td><td>1,558</td><td>182</td><td>93</td><td>1,215</td><td>-</td><td>218</td><td>697</td><td>115</td><td>185</td></tr><tr><td>Panama, Republic of</td><td>2,705</td><td>100</td><td>50</td><td>2,149</td><td>316</td><td>90</td><td>2,938</td><td>100</td><td>40</td><td>2,441</td><td>337</td><td>20</td></tr><tr><td>Peru</td><td>428</td><td>50</td><td>-</td><td>376</td><td>-</td><td>2</td><td>436</td><td>7</td><td>8</td><td>432</td><td>4</td><td>5</td></tr><tr><td>El Salvador</td><td>10</td><td>-</td><td>5</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Uruguay</td><td>1,510</td><td>-</td><td>116</td><td>877</td><td>444</td><td>73</td><td>1,880</td><td>-</td><td>57</td><td>1,556</td><td>212</td><td>55</td></tr><tr><td>Venezuela</td><td>1,158</td><td>43</td><td>25</td><td>948</td><td>127</td><td>15</td><td>4,878</td><td>24</td><td>136</td><td>1,259</td><td>3,411</td><td>48</td></tr><tr><td>Other Latin America</td><td>21,287</td><td>17,503</td><td>329</td><td>2,114</td><td>1,156</td><td>185</td><td>3,736</td><td>1,500</td><td>21</td><td>1,214</td><td>909</td><td>92</td></tr><tr><td>Total Latin America</td><td>37,876</td><td>17,959</td><td>1,005</td><td>11,976</td><td>6,395</td><td>541</td><td>24,259</td><td>3,183</td><td>750</td><td>11,889</td><td>7,742</td><td>695</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><td></td></tr><tr><td>China Mainland</td><td>64</td><td>-</td><td>8</td><td>64</td><td>-</td><td>-</td><td>46</td><td>-</td><td>-</td><td>45</td><td>-</td><td>1</td></tr><tr><td>Hong Kong</td><td>8,640</td><td>7</td><td>8</td><td>7,202</td><td>1,409</td><td>14</td><td>10,326</td><td>-</td><td>35</td><td>8,456</td><td>1,715</td><td>120</td></tr><tr><td>India</td><td>30,542</td><td>30,500</td><td>3</td><td>39</td><td>-</td><td>1</td><td>27,511</td><td>27,500</td><td>-</td><td>3</td><td>8</td><td>-</td></tr><tr><td>Indonesia</td><td>18</td><td>-</td><td>-</td><td>17</td><td>-</td><td>1</td><td>5</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Iran</td><td>29</td><td>-</td><td>-</td><td>24</td><td>5</td><td>-</td><td>49</td><td>-</td><td>-</td><td>46</td><td>3</td><td>-</td></tr><tr><td>Israel</td><td>3,922</td><td>-</td><td>15</td><td>73</td><td>3,829</td><td>5</td><td>5,664</td><td>-</td><td>1</td><td>22</td><td>5,514</td><td>127</td></tr><tr><td>Japan</td><td>5,226</td><td>-</td><td>-</td><td>20</td><td>5,010</td><td>196</td><td>6,803</td><td>-</td><td>-</td><td>119</td><td>6,500</td><td>184</td></tr><tr><td>Korea, Republic of</td><td>3</td><td>8</td><td>-</td><td>3</td><td>302</td><td>3</td><td>661</td><td>606</td><td>-</td><td>54</td><td>-</td><td>1</td></tr><tr><td>Philippines</td><td>363</td><td>-</td><td>-</td><td>50</td><td>1,000</td><td>-</td><td>3</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Taiwan</td><td>1,004</td><td>-</td><td>-</td><td>4</td><td>1,000</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Thailand</td><td>2,903</td><td>-</td><td>-</td><td>3</td><td>2,500</td><td>-</td><td>3,256</td><td>-</td><td>-</td><td>6</td><td>3,250</td><td>14</td></tr><tr><td>Other Asia</td><td>3,926</td><td>-</td><td>-</td><td>1,914</td><td>2,000</td><td>12</td><td>9,740</td><td>2,532</td><td>2</td><td>1,962</td><td>5,250</td><td>14</td></tr><tr><td>Total Asia</td><td>56,240</td><td>30,515</td><td>26</td><td>9,413</td><td>16,055</td><td>231</td><td>64,064</td><td>30,618</td><td>38</td><td>10,721</td><td>22,240</td><td>443</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><td></td></tr><tr><td>Australia</td><td>2,216</td><td>-</td><td>-</td><td>38</td><td>2,033</td><td>145</td><td>26,181</td><td>2</td><td>-</td><td>21</td><td>25,888</td><td>270</td></tr><tr><td>Congo, Republic of the</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>5</td><td>637</td><td>5</td><td>-</td><td>5</td><td>-</td><td>-</td></tr><tr><td>South Africa</td><td>3,258</td><td>-</td><td>-</td><td>70</td><td>3,012</td><td>176</td><td>9</td><td>5</td><td>76</td><td>500</td><td>56</td></tr><tr><td>United Arab Republic (Egypt)</td><td>5</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>9</td><td>9</td><td>-</td><td>9</td><td>-</td><td>-</td></tr><tr><td>All other</td><td>1,450</td><td>1</td><td>247</td><td>207</td><td>969</td><td>26</td><td>4,453</td><td>-</td><td>-</td><td>462</td><td>3,698</td><td>293</td></tr><tr><td>Total other countries</td><td>6,930</td><td>1</td><td>247</td><td>321</td><td>6,014</td><td>347</td><td>31,285</td><td>2</td><td>5</td><td>573</td><td>30,086</td><td>619</td></tr><tr><td>International</td><td>107,849</td><td>2</td><td>907</td><td>167</td><td>106,773</td><td>-</td><td>112,495</td><td>1,303</td><td>170</td><td>-</td><td>111,022</td><td>-</td></tr><tr><td>Grand total</td><td>540,426 1/2</td><td>76,612 1/2</td><td>25,691</td><td>129,161</td><td>250,772</td><td>58,190</td><td>708,212</td><td>106,524</td><td>27,260</td><td>133,079</td><td>401,281</td><td>40,068</td></tr></table>
Excludes nonmarketable U. S. Treasury bonds, foreign currency series, issued and payable in Italian lire ($24,974 thousand equivalent) and Swiss francs ($23,142 thousand equivalent).
December 1962
87
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 2.- Long-Term/ Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Position at end of period in thousands of dollars)
<table><tr><th>Country</th><th colspan="4">Liabilities to foreigners</th><th colspan="4">Claims on foreigners</th></tr><tr><th></th><th>1961 September</th><th>1961 December</th><th>1962 March</th><th>1962 June</th><th>1961 September</th><th>1961 December</th><th>1962 March</th><th>1962 June</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Austria</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8,985</td><td>36,722</td><td>43,664</td><td>54,575</td></tr><tr><td>Belgium</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11,229</td><td>38,662</td><td>38,711</td><td>9,189</td></tr><tr><td>Denmark</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,338</td><td>7,379</td><td>7,492</td><td>7,333</td></tr><tr><td>Finland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,190</td><td>3,075</td><td>3,870</td><td>3,733</td></tr><tr><td>France</td><td>-</td><td>-</td><td>-</td><td>18</td><td>13,439</td><td>12,499</td><td>14,456</td><td>24,229</td></tr><tr><td>Germany, Federal Republic of</td><td>-</td><td>-</td><td>-</td><td>-</td><td>47,969</td><td>69,813</td><td>73,536</td><td>70,168</td></tr><tr><td>Greece</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7,005</td><td>7,408</td><td>6,841</td><td>6,691</td></tr><tr><td>Italy</td><td>5</td><td>2</td><td>-</td><td>-</td><td>23,070</td><td>26,197</td><td>28,007</td><td>30,247</td></tr><tr><td>Netherlands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>34,883</td><td>46,411</td><td>45,881</td><td>43,194</td></tr><tr><td>Norway</td><td>-</td><td>-</td><td>-</td><td>-</td><td>144,363</td><td>164,652</td><td>172,241</td><td>179,070</td></tr><tr><td>Poland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Portugal</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,968</td><td>4,018</td><td>3,717</td><td>23,616</td></tr><tr><td>Spain</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,420</td><td>846</td><td>846</td><td>7,203</td></tr><tr><td>Sweden</td><td>108</td><td>-</td><td>877</td><td>-</td><td>48,915</td><td>50,082</td><td>47,919</td><td>45,722</td></tr><tr><td>Switzerland</td><td>1,500</td><td>656</td><td>-</td><td>412</td><td>8,155</td><td>9,406</td><td>9,737</td><td>10,303</td></tr><tr><td>Turkey</td><td>-</td><td>-</td><td>-</td><td>-</td><td>62</td><td>62</td><td>57</td><td>57</td></tr><tr><td>United Kingdom</td><td>200</td><td>200</td><td>200</td><td>-</td><td>10,895</td><td>10,692</td><td>12,141</td><td>12,225</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,514</td><td>2,110</td><td>2,098</td><td>1,774</td></tr><tr><td>Other Europe</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,645</td><td>2,870</td><td>3,326</td><td>1,593</td></tr><tr><td>Total Europe</td><td>1,813</td><td>858</td><td>1,077</td><td>430</td><td>379,045</td><td>492,904</td><td>514,540</td><td>530,922</td></tr><tr><td>Canada</td><td>-</td><td>-</td><td>-</td><td>-</td><td>273,609</td><td>273,864</td><td>289,899</td><td>290,859</td></tr><tr><td>Latin America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>1</td><td>1</td><td>1</td><td>1</td><td>89,812</td><td>73,366</td><td>73,410</td><td>69,244</td></tr><tr><td>Bolivia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>36</td><td>36</td><td>36</td><td>36</td></tr><tr><td>Brazil</td><td>-</td><td>-</td><td>-</td><td>-</td><td>242,168</td><td>262,760</td><td>272,997</td><td>264,725</td></tr><tr><td>Chile</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31,325</td><td>26,712</td><td>25,214</td><td>20,567</td></tr><tr><td>Colombia</td><td>17</td><td>17</td><td>17</td><td>17</td><td>29,276</td><td>29,617</td><td>37,823</td><td>61,787</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>-</td><td>-</td><td>893</td><td>885</td><td>885</td><td>885</td></tr><tr><td>Dominican Republic</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>885</td><td>884</td></tr><tr><td>Guatemala</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,965</td><td>11,544</td><td>11,826</td><td>8,556</td></tr><tr><td>Mexico</td><td>499</td><td>440</td><td>381</td><td>322</td><td>188,471</td><td>171,233</td><td>164,467</td><td>185,588</td></tr><tr><td>Netherlands Antilles and Surinam</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,908</td><td>6,314</td><td>17,696</td><td>7,900</td></tr><tr><td>Panama, Republic of</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18,686</td><td>19,440</td><td>21,638</td><td>17,861</td></tr><tr><td>Peru</td><td>30</td><td>-</td><td>-</td><td>-</td><td>12,160</td><td>10,112</td><td>11,304</td><td>13,229</td></tr><tr><td>El Salvador</td><td>-</td><td>-</td><td>-</td><td>-</td><td>265</td><td>312</td><td>355</td><td>344</td></tr><tr><td>Uruguay</td><td>-</td><td>-</td><td>-</td><td>-</td><td>410</td><td>637</td><td>483</td><td>951</td></tr><tr><td>Venezuela</td><td>40</td><td>42</td><td>44</td><td>63</td><td>205,126</td><td>231,187</td><td>236,602</td><td>211,352</td></tr><tr><td>Other Latin America</td><td>958</td><td>819</td><td>75</td><td>80</td><td>71,312</td><td>72,879</td><td>82,465</td><td>83,805</td></tr><tr><td>Total Latin America</td><td>1,545</td><td>1,319</td><td>518</td><td>483</td><td>906,813</td><td>917,034</td><td>957,201</td><td>946,830</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Hong Kong</td><td>125</td><td>62</td><td>62</td><td>-</td><td>-</td><td>39</td><td>2,403</td><td>2,657</td></tr><tr><td>India</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17,120</td><td>16,379</td><td>17,600</td><td>19,240</td></tr><tr><td>Indonesia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,000</td><td>50,800</td><td>51,950</td><td>54,900</td></tr><tr><td>Iran</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12,762</td><td>12,088</td><td>12,054</td><td>11,193</td></tr><tr><td>Israel</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9,837</td><td>8,442</td><td>21,740</td><td>26,521</td></tr><tr><td>Japan</td><td>-</td><td>-</td><td>-</td><td>-</td><td>25,084</td><td>23,658</td><td>30,550</td><td>48,810</td></tr><tr><td>Korea</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>5</td></tr><tr><td>Philippines</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,043</td><td>50,122</td><td>62,343</td><td>61,208</td></tr><tr><td>Taiwan</td><td>-</td><td>-</td><td>-</td><td>-</td><td>973</td><td>848</td><td>730</td><td>992</td></tr><tr><td>Thailand</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,492</td><td>5,496</td><td>3,354</td><td>3,544</td></tr><tr><td>Other Asia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,813</td><td>2,225</td><td>2,383</td><td>9,928</td></tr><tr><td>Total Asia</td><td>125</td><td>62</td><td>62</td><td>-</td><td>129,124</td><td>170,107</td><td>204,607</td><td>238,998</td></tr><tr><td>Other countries:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,001</td><td>21,285</td><td>37,501</td><td>45,691</td></tr><tr><td>Congo, Republic of the</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38,453</td><td>39,253</td><td>38,878</td><td>38,753</td></tr><tr><td>South Africa</td><td>-</td><td>-</td><td>-</td><td>-</td><td>69,184</td><td>59,234</td><td>48,059</td><td>28,887</td></tr><tr><td>United Arab Republic (Egypt)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,945</td><td>3,945</td><td>2,520</td><td>2,370</td></tr><tr><td>All other</td><td>6</td><td>7</td><td>7</td><td>8</td><td>42,417</td><td>41,892</td><td>45,629</td><td>51,902</td></tr><tr><td>Total other countries</td><td>6</td><td>7</td><td>7</td><td>8</td><td>175,000</td><td>165,609</td><td>172,587</td><td>167,603</td></tr><tr><td>Grand total</td><td>3,489</td><td>2,246</td><td>1,664</td><td>921</td><td>1,863,591</td><td>2,019,518</td><td>2,138,834</td><td>2,175,212</td></tr></table>
1/ Having a maturity of more than one year from date of issuance, excluding long-term securities. p Preliminary. r Revised.
88
Treasury Bulletin
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 3.- Estimated Gold Reserves and Dollar Holdings of Foreign Countries and International Institutions
(Position at end of period in millions of dollars)
<table><tr><th>Area and country</th><th colspan="2">1960</th><th colspan="2">September 1961</th><th colspan="2">December 1961</th><th colspan="2">March 1962</th><th colspan="2">June 1962</th><th colspan="2">September p</th></tr><tr><th></th><th>December Gold and short-term dollars</th><th>U. S. Gov't bonds and notes</th><th>Gold and short-term dollars</th><th>U. S. Gov't bonds and notes</th><th>Gold and short-term dollars</th><th>U. S. Gov't bonds and notes</th><th>Gold and short-term dollars</th><th>U. S. Gov't bonds and notes</th><th>Gold and short-term dollars</th><th>U. S. Gov't bonds and notes</th><th>Gold and short-term dollars</th><th>U. S. Gov't bonds and notes</th></tr><tr><td>Western 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>536</td><td>3</td><td>526</td><td>3</td><td>558</td><td>3</td><td>594</td><td>*</td><td>640</td><td>*</td><td>744</td><td>*</td></tr><tr><td>Belgium</td><td>1,312</td><td>2</td><td>1,476</td><td>1</td><td>1,574</td><td>8</td><td>1,616</td><td>8</td><td>1,593</td><td>2</td><td>1,511</td><td>30</td></tr><tr><td>Denmark</td><td>85</td><td>31</td><td>79</td><td>30</td><td>83</td><td>30</td><td>80</td><td>29</td><td>83</td><td>29</td><td>78</td><td>2</td></tr><tr><td>Finland</td><td>87</td><td>*</td><td>134</td><td>2</td><td>138</td><td>2</td><td>138</td><td>2</td><td>133</td><td>2</td><td>135</td><td>2</td></tr><tr><td>France</td><td>2,160</td><td>5</td><td>3,014</td><td>5</td><td>3,110</td><td>4</td><td>3,360</td><td>3</td><td>3,664</td><td>3</td><td>3,643</td><td>3</td></tr><tr><td>Germany, Fed. Republic of</td><td>6,447</td><td>3</td><td>6,394</td><td>3</td><td>6,305</td><td>3</td><td>6,200</td><td>3</td><td>6,289</td><td>3</td><td>6,467</td><td>3</td></tr><tr><td>Greece</td><td>139</td><td>*</td><td>120</td><td>*</td><td>154</td><td>*</td><td>189</td><td>*</td><td>206</td><td>*</td><td>187</td><td>*</td></tr><tr><td>Italy</td><td>3,080</td><td>*</td><td>3,377</td><td>*</td><td>3,459</td><td>*</td><td>3,416</td><td>*</td><td>3,429</td><td>*</td><td>3,533</td><td>*</td></tr><tr><td>Netherlands</td><td>1,779</td><td>4</td><td>1,804</td><td>3</td><td>1,797</td><td>3</td><td>1,822</td><td>2</td><td>1,888</td><td>2</td><td>1,897</td><td>2</td></tr><tr><td>Norway</td><td>112</td><td>148</td><td>135</td><td>128</td><td>135</td><td>126</td><td>142</td><td>93</td><td>131</td><td>85</td><td>142</td><td>91</td></tr><tr><td>Portugal</td><td>636</td><td>1</td><td>523</td><td>1</td><td>542</td><td>1</td><td>532</td><td>1</td><td>584</td><td>1</td><td>610</td><td>1</td></tr><tr><td>Spain</td><td>327</td><td>1</td><td>405</td><td>1</td><td>469</td><td>1</td><td>516</td><td>1</td><td>568</td><td>1</td><td>588</td><td>1</td></tr><tr><td>Sweden</td><td>397</td><td>82</td><td>566</td><td>71</td><td>586</td><td>93</td><td>584</td><td>92</td><td>607</td><td>123</td><td>639</td><td>102</td></tr><tr><td>Switzerland</td><td>2,863</td><td>94</td><td>3,177</td><td>86</td><td>3,435</td><td>83</td><td>3,262</td><td>83</td><td>3,360</td><td>83</td><td>3,285</td><td>86</td></tr><tr><td>Turkey</td><td>152</td><td>*</td><td>158</td><td>*</td><td>165</td><td>*</td><td>160</td><td>*</td><td>163</td><td>*</td><td>162</td><td>*</td></tr><tr><td>United Kingdom</td><td>4,467</td><td>420</td><td>4,719</td><td>483</td><td>4,526</td><td>435</td><td>4,941</td><td>388</td><td>4,864</td><td>440</td><td>4,402</td><td>418</td></tr><tr><td>Other 2/4</td><td>529</td><td>44</td><td>788</td><td>47</td><td>678</td><td>48</td><td>728r</td><td>46</td><td>667</td><td>46</td><td>696</td><td>47</td></tr><tr><td>Total Western Europe</td><td>25,108</td><td>838</td><td>27,395</td><td>864</td><td>27,914</td><td>840</td><td>28,280r</td><td>751</td><td>28,869</td><td>820</td><td>28,679</td><td>786</td></tr><tr><td>Canada</td><td>3,324</td><td>446</td><td>3,576</td><td>465</td><td>3,704</td><td>459</td><td>3,454</td><td>423</td><td>3,566</td><td>227</td><td>4,169</td><td>240</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>419</td><td>1</td><td>454</td><td>1</td><td>425</td><td>1</td><td>407</td><td>1</td><td>310</td><td>1</td><td>304</td><td>1</td></tr><tr><td>Bolivia</td><td>24</td><td>*</td><td>24</td><td>*</td><td>27</td><td>*</td><td>25</td><td>*</td><td>27</td><td>*</td><td>24</td><td>*</td></tr><tr><td>Brazil</td><td>481</td><td>2</td><td>551</td><td>1</td><td>513</td><td>1</td><td>492</td><td>1</td><td>511</td><td>1</td><td>499</td><td>1</td></tr><tr><td>Chile</td><td>180</td><td>*</td><td>178</td><td>*</td><td>153</td><td>*</td><td>160</td><td>*</td><td>176</td><td>*</td><td>147</td><td>*</td></tr><tr><td>Colombia</td><td>236</td><td>1</td><td>222</td><td>1</td><td>235</td><td>1</td><td>228</td><td>1</td><td>252</td><td>1</td><td>228</td><td>1</td></tr><tr><td>Cuba</td><td>78</td><td>1</td><td>46</td><td>*</td><td>44</td><td>*</td><td>40</td><td>*</td><td>38</td><td>*</td><td>37</td><td>*</td></tr><tr><td>Dominican Republic</td><td>47</td><td>*</td><td>29</td><td>*</td><td>26</td><td>*</td><td>37</td><td>*</td><td>51</td><td>*</td><td>43</td><td>*</td></tr><tr><td>El Salvador</td><td>54</td><td>*</td><td>43</td><td>*</td><td>40</td><td>*</td><td>46</td><td>*</td><td>53</td><td>*</td><td>49</td><td>*</td></tr><tr><td>Guatemala</td><td>68</td><td>*</td><td>70</td><td>*</td><td>70</td><td>*</td><td>82</td><td>*</td><td>76</td><td>*</td><td>58</td><td>*</td></tr><tr><td>Mexico</td><td>534</td><td>7</td><td>529</td><td>5</td><td>606</td><td>5</td><td>615</td><td>6</td><td>624</td><td>6</td><td>559</td><td>6</td></tr><tr><td>Panama, Republic of</td><td>123</td><td>1</td><td>79</td><td>1</td><td>87</td><td>1</td><td>82</td><td>1</td><td>87</td><td>1</td><td>85</td><td>1</td></tr><tr><td>Peru</td><td>114</td><td>*</td><td>123</td><td>1</td><td>131</td><td>1</td><td>137</td><td>*</td><td>137</td><td>*</td><td>154</td><td>*</td></tr><tr><td>Uruguay</td><td>231</td><td>1</td><td>229</td><td>1</td><td>237</td><td>1</td><td>255</td><td>1</td><td>259</td><td>1</td><td>272</td><td>1</td></tr><tr><td>Venezuela</td><td>799r</td><td>1</td><td>849r</td><td>1</td><td>818r</td><td>1</td><td>801r</td><td>1</td><td>765</td><td>1</td><td>780</td><td>1</td></tr><tr><td>Other 2/4</td><td>245</td><td>15</td><td>201</td><td>77</td><td>163r</td><td>192</td><td>197r</td><td>188</td><td>229</td><td>156</td><td>260</td><td>132</td></tr><tr><td>Total Latin America 2/4</td><td>3,633r</td><td>15</td><td>3,627r</td><td>89</td><td>3,575r</td><td>204</td><td>3,604r</td><td>200</td><td>3,595</td><td>168</td><td>3,499</td><td>144</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>India</td><td>301</td><td>41</td><td>333</td><td>6</td><td>325</td><td>6</td><td>321</td><td>6</td><td>296</td><td>6</td><td>293</td><td>6</td></tr><tr><td>Indonesia</td><td>236</td><td>1</td><td>120</td><td>1</td><td>119</td><td>1</td><td>137</td><td>1</td><td>125</td><td>1</td><td>76</td><td>1</td></tr><tr><td>Iran</td><td>152</td><td>*</td><td>167</td><td>*</td><td>161</td><td>*</td><td>165</td><td>*</td><td>155</td><td>*</td><td>157</td><td>*</td></tr><tr><td>Japan</td><td>2,166</td><td>3</td><td>1,953</td><td>3</td><td>1,894</td><td>3</td><td>2,054r</td><td>3</td><td>2,210 2/</td><td>3</td><td>2,344</td><td>3</td></tr><tr><td>Philippines</td><td>218</td><td>2</td><td>174</td><td>2</td><td>212</td><td>1</td><td>195r</td><td>1</td><td>213</td><td>1</td><td>196</td><td>1</td></tr><tr><td>Thailand</td><td>290</td><td>*</td><td>344</td><td>*</td><td>368</td><td>*</td><td>410</td><td>*</td><td>431</td><td>*</td><td>430</td><td>*</td></tr><tr><td>Other 2/4</td><td>992</td><td>45</td><td>1,130</td><td>45</td><td>1,168</td><td>45</td><td>1,215</td><td>41</td><td>1,207</td><td>41</td><td>1,268</td><td>41</td></tr><tr><td>Total Asia</td><td>4,354</td><td>92</td><td>4,221</td><td>57</td><td>4,247</td><td>56</td><td>4,497r</td><td>52</td><td>4,637 2/</td><td>52</td><td>4,764</td><td>52</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>235</td><td>*</td><td>238</td><td>*</td><td>260</td><td>*</td><td>268</td><td>*</td><td>281</td><td>*</td><td>315</td><td>*</td></tr><tr><td>South Africa</td><td>207</td><td>*</td><td>251</td><td>*</td><td>330</td><td>*</td><td>415</td><td>*</td><td>471</td><td>*</td><td>535</td><td>*</td></tr><tr><td>United Arab Republic (Egypt)</td><td>196</td><td>*</td><td>189</td><td>*</td><td>189</td><td>*</td><td>190</td><td>*</td><td>193</td><td>*</td><td>186</td><td>*</td></tr><tr><td>Other 2/4</td><td>600</td><td>35</td><td>579</td><td>38</td><td>635</td><td>39</td><td>631r</td><td>42</td><td>640</td><td>39</td><td>663</td><td>37</td></tr><tr><td>Total other countries</td><td>1,238</td><td>35</td><td>1,257</td><td>38</td><td>1,414</td><td>39</td><td>1,504r</td><td>42</td><td>1,585</td><td>39</td><td>1,699</td><td>39</td></tr><tr><td>Total foreign countries 2/4</td><td>77,657r</td><td>1,426</td><td>40,076r</td><td>1,513</td><td>40,854r</td><td>1,598</td><td>41,339r</td><td>1,468</td><td>42,252 2/</td><td>1,376</td><td>42,810</td><td>1,261</td></tr><tr><td>International 2/4</td><td>6,337r</td><td>900</td><td>5,422r</td><td>1,127</td><td>5,767r</td><td>1,240</td><td>6,392r</td><td>1,087</td><td>6,563</td><td>1,009</td><td>6,992</td><td>861</td></tr><tr><td>Grand total 2/4</td><td>43,994r</td><td>2,326</td><td>45,498r</td><td>2,640</td><td>46,621r</td><td>2,838</td><td>47,731r</td><td>2,555</td><td>48,815 2/</td><td>2,315</td><td>49,802</td><td>2,122</td></tr><tr><td>Memorandum item: Sterling area</td><td>5,558</td><td>536</td><td>5,863</td><td>567</td><td>5,841</td><td>520</td><td>6,357</td><td>474</td><td>6,328</td><td>525</td><td>5,979</td><td>504</td></tr></table>
Note: "Gold and short-term dollars" represent reported and estimated official gold reserves, and official and private short-term dollar holdings (principally deposits and U. S. Treasury bills and certificates) reported by banks in the U. S. "U. S. Government bonds and notes" represent estimated official and private holdings of U. S. Government securities with an original maturity of more than one year. "Gold and short-term dollars" plus "U. S. Government bonds and notes" represent "gold and liquid dollar holdings." 1/ Excludes gold reserves of U.S.S.R., other Eastern European countries, and China Mainland. 2/ Includes holdings of other Western European countries and of European regional institutions, such as the Bank for International Settlements and the European Fund, gold to be distributed by the Tripartite Commission for the Restitution of Monetary Gold, and unpublished gold
reserves of certain Western European countries. The figures included for the gold reserves of the B. I. S. represent the Bank's net gold assets.
2/ Includes other Latin American republics and the Inter-American Development Bank.
4/ Data for short-term dollars revised to exclude nonnegotiable, non-interest-bearing special U. S. notes held by the Inter-American Development Bank and the International Development Association.
5/ Total short-term dollars include $109 million reported by banks initially included as of June 30, 1962. Of this total, holdings of Japan amount to $105 million.
6/ Includes countries in Africa, Oceania, and Eastern Europe, and Western European dependencies outside Europe and Asia.
* Less than $500,000. p Preliminary. r Revised.
December 1962
89
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
The current financial statements of corporations and certain other business-type activities of the United States Government which appear in the "Treasury Bulletin" beginning with the August 1956 issue are compiled from reports submitted to the Treasury under Department Circular No. 966, issued January 30, 1956, and Supplement No. 1, issued June 1, 1956. The regulations so issued are pursuant to Section 114 of the Budget and Accounting Procedures Act of 1950 (31 U.S.C. 66b), and represent another step in the program of comprehensive and integrated Government accounting and financial reporting for which authority was provided in that act. They supersede Budget-Treasury Regulation No. 3, issued under Executive Order No. 8512 of August 13, 1940, as amended by Executive Order No. 9084 of March 3, 1942, under which financial statements previously published in the Bulletin were submitted.
In coverage, Department Circular No. 966 requires submission of financial statements by all wholly owned and mixed-ownership Government corporations specifically included in the Government Corporation Control Act, as amended (31 U.S.C. 846, 256); and all other activities of the Government operating as revolving funds for which business-type public enterprise or intragovernmental fund budgets are required by the Bureau of the Budget. Other activities and agencies whose operations, services, or functions are largely self-liquidating or primarily of a revenue-producing nature, and activities and agencies whose operations result in the accumulation of substantial inventories, investments and other recoverable assets, may be brought under the regulations as agency accounting systems are developed to the point where they are capable of furnishing the financial reports required.
Four kinds of financial statements are called for by Department Circular No. 966. They are statements of financial condition, income and expense, source and application of funds, and certain commitments and contingencies.
statements of financial condition are published quarterly and appear as Section I in the series of tables. The first data under the new regulations are for March 31, 1956, and were presented in the August 1956 Bulletin. Statements of income and expense and source and application of funds are published semiannually, for June 30 and December 31 report- ing dates, and appear as Sections II and III. The first of these statements under the new regulations cover the fiscal year 1956, and was published in the January 1957 Bulletin. Within the sections, the agencies are grouped in separate tables by type, as follows: public enterprise revolving funds, intragovernmental revolving funds, certain other activities, deposit funds, and trust revolving funds.
Supplement No. 1 added to the coverage by including all executive agencies and activities not reporting under Department Circular No. 966, but required only a statement of financial condition annually as of June 30. These are mainly not business-type activities, and those which had not yet developed formal accounting procedures to provide complete balance sheet types of statements were authorized temporarily to report only the asset side. Thus the supplement rounds out provision for the information on properties and assets of the United States Government which the Treasury has been asked to furnish to the Committee on Government Operations, House of Representatives, for a continuing study of the assets of the Government. The first comprehensive reporting under Supplement No. 1 is for June 30, 1957, and the data were published in the December 1957 issue of the Bulletin as Part B of Table 4 in Section I.
A summary of loans outstanding for a series of dates is included in Section I of the Bulletin presentation beginning with the June 1958 issue. Two classifications of the loans are shown, one by type and one by agency. Data prior to 1956 are based on the earlier reporting requirements, which provided for complete coverage of Government lending agencies.
90
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Public enterprise revolving funds (See Table 2)</th><th>Intragovernmental revolving funds (See Table 3)</th><th>Certain other activities (See Table 4)</th></tr><tr><td colspan="5"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>11,131,402</td><td>6,529,756</td><td>4,493,433</td><td>108,213</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>40,047</td><td>40,047</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>1,730,190</td><td>616,763</td><td>-</td><td>1,113,427</td></tr><tr><td>Guaranty and insurance premiums</td><td>339,802</td><td>339,802</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>87,230</td><td>86,372</td><td>858</td><td>-</td></tr><tr><td>Other income</td><td>182,606</td><td>160,486</td><td>9,839</td><td>12,281</td></tr><tr><td>Total income</td><td>13,511,278</td><td>7,773,227</td><td>4,504,130</td><td>1,233,921</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>3,936,705</td><td>3,343,568</td><td>593,137</td><td>-</td></tr><tr><td>Materials applied</td><td>684,577</td><td>8,559</td><td>676,018</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>4,680,745</td><td>3,076,992</td><td>1,603,753</td><td>-</td></tr><tr><td>Other applied expenses</td><td>1,902,214</td><td>680,526</td><td>1,221,689</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-6,285</td><td>-16,050</td><td>9,765</td><td>-</td></tr><tr><td>Finished goods</td><td>844</td><td>1,134</td><td>-289</td><td>-</td></tr><tr><td>Other operating expenses</td><td>1,704,168</td><td>1,324,392</td><td>340,493</td><td>39,283</td></tr><tr><td>Depreciation</td><td>148,808</td><td>113,737</td><td>22,256</td><td>12,814</td></tr><tr><td>Administrative expenses</td><td>327,627</td><td>262,975</td><td>12,427</td><td>52,225</td></tr><tr><td>Grants and contributions</td><td>634,884</td><td>323,162</td><td>-</td><td>311,722</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>760,883</td><td>662,714</td><td>-</td><td>98,169</td></tr><tr><td>Other</td><td>65,724</td><td>55,604</td><td>-</td><td>10,120</td></tr><tr><td>Other major expense items</td><td>1,419,842</td><td>1,416,850</td><td>2,993</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>72,557</td><td>66,585</td><td>-257</td><td>6,228</td></tr><tr><td>Total expense</td><td>16,333,293</td><td>11,320,747</td><td>4,481,984</td><td>530,562</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-33,730</td><td>-29,761</td><td>-70</td><td>-3,958</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-13,270</td><td>519</td><td>101</td><td>-13,890</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-2,082</td><td>-1,352</td><td>-3</td><td>-727</td></tr><tr><td>Other</td><td>96,881</td><td>98,285</td><td>321</td><td>-1,726</td></tr><tr><td>Total other gains, or losses (-)</td><td>47,740</td><td>67,692</td><td>348</td><td>-20,300</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-2,774,276</td><td>-3,479,828</td><td>22,494</td><td>683,058</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-291,921</td><td>-238,687</td><td>-</td><td>-53,234</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-32,438</td><td>-32,438</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>1,135</td><td>1,139</td><td>-4</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>377,572</td><td>377,592</td><td>-20</td><td>-</td></tr><tr><td>Other</td><td>10,041</td><td>-53,925</td><td>-</td><td>63,967</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>64,389</td><td>53,680</td><td>-24</td><td>10,733</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-2,709,887</td><td>-3,426,148</td><td>22,470</td><td>693,792</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-50,663</td><td>1,698</td><td>4,719</td><td>-57,081</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-2,760,550</td><td>-3,424,450</td><td>27,189</td><td>636,711</td></tr><tr><td colspan="5"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-9,120,523r</td><td>-6,900,572r</td><td>70,713</td><td>-2,290,664r</td></tr><tr><td>Net income, or loss (-)</td><td>-2,760,550</td><td>-3,424,450</td><td>27,189</td><td>636,711</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-125,077</td><td>-112,114</td><td>-12,963</td><td>-</td></tr><tr><td>Other</td><td>407,793</td><td>1,285,771</td><td>-217</td><td>-877,801</td></tr><tr><td>Balance at end of reporting period</td><td>-11,598,396</td><td>-9,151,364</td><td>84,722</td><td>-2,531,754</td></tr></table>
r Revised.
December 1962
91
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th colspan="3">Agency for International Development</th><th colspan="3">Agriculture Department</th></tr><tr><th></th><th></th><th>Development loans</th><th>Development loan fund liquidation account</th><th>Foreign investment guaranty fund</th><th>Commodity Credit Corporation</th><th>Federal Crop Insurance Corporation 2/</th><th>Farmers' Home Administration Direct loan account</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>6,529,756</td><td>-</td><td>-</td><td>-</td><td>2,533,605</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>40,047</td><td>278</td><td>28,406</td><td>-</td><td>58,762</td><td>70</td><td>26,657</td></tr><tr><td>Other interest income</td><td>616,763</td><td>-</td><td>5</td><td>2,305</td><td>-</td><td>18,159</td><td>-</td></tr><tr><td>Quaranty and insurance premiums</td><td>339,802</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>86,372</td><td>-</td><td>-</td><td>-</td><td>7,779</td><td>1,983</td><td>20</td></tr><tr><td>Other income</td><td>160,486</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>7,773,227</td><td>278</td><td>28,411</td><td>2,305</td><td>2,600,146</td><td>20,212</td><td>26,677</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>3,343,568</td><td>-</td><td>-</td><td>-</td><td>3,241,280</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>8,559</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>3,076,992</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>680,526</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, int</td><td>-16,050</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Work-in-process</td><td>1,134</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>1,324,392</td><td>-</td><td>-</td><td>-</td><td>641,076</td><td>6</td><td>-</td></tr><tr><td>Other operating expenses</td><td>113,737</td><td>-</td><td>3</td><td>-</td><td>725</td><td>25</td><td>-</td></tr><tr><td>Depreciation</td><td>262,975</td><td>-</td><td>4</td><td>-</td><td>39,460</td><td>8,356</td><td>17</td></tr><tr><td>Administrative expenses</td><td>323,162</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>662,714</td><td>-</td><td>-</td><td>-</td><td>326,459</td><td>-</td><td>6,571</td></tr><tr><td>Other</td><td>55,604</td><td>-</td><td>-</td><td>-</td><td>22,954 2/</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>1,416,850</td><td>-</td><td>-</td><td>-</td><td>1,258,199</td><td>16,084</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>66,585</td><td>169</td><td>-</td><td>-</td><td>1,606</td><td>2,528</td><td>-</td></tr><tr><td>Total expense</td><td>11,320,747</td><td>169</td><td>8</td><td>-</td><td>5,531,760</td><td>26,999</td><td>6,588</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-29,761</td><td>-</td><td>-</td><td>-</td><td>-13,997</td><td>-173</td><td>-3,899</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>519</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>9</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-1,352</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>98,285</td><td>-</td><td>232</td><td>-</td><td>14,5,981</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>67,692</td><td>-</td><td>237</td><td>-</td><td>131,983</td><td>-174</td><td>-3,890</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-3,479,828</td><td>109</td><td>28,641</td><td>2,305</td><td>-2,799,631</td><td>-6,961</td><td>16,199</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-238,687</td><td>-</td><td>-</td><td>-</td><td>-220,064</td><td>-</td><td>-6,220</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-32,438</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>1,139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>377,592</td><td>-</td><td>-</td><td>-</td><td>378,428</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-53,925</td><td>-</td><td>-</td><td>-652</td><td>5,340</td><td>34</td><td>-259</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>53,680</td><td>-</td><td>-</td><td>-652</td><td>163,704</td><td>34</td><td>-6,479</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-3,426,148</td><td>109</td><td>28,641</td><td>1,653</td><td>-2,635,927</td><td>-6,927</td><td>9,720</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>1,698</td><td>-</td><td>-</td><td>-</td><td>230</td><td>211</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-3,424,450</td><td>109</td><td>28,641</td><td>1,653</td><td>-2,635,696</td><td>-6,716</td><td>9,720</td></tr><tr><td colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year</td><td>-6,900,572</td><td>-</td><td>19,225</td><td>7,079</td><td>-6,219,506</td><td>-68,847 4/</td><td>-</td></tr><tr><td>Net income, or loss (-)</td><td>-3,424,450</td><td>109</td><td>28,641</td><td>1,653</td><td>-2,635,696</td><td>-6,716</td><td>9,720</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-112,114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>1,285,771</td><td>-</td><td>-</td><td>108</td><td>1,017,610</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-9,151,364</td><td>109</td><td>47,866</td><td>8,840</td><td>-7,837,592</td><td>-75,563</td><td>9,720</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
92
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Farmers' Home Administration - (Continued)</th><th>Expansion of defense production</th><th>Aviation war risk insurance revolving fund</th><th>Area Redevelopment Administration Area redevelopment fund 2/</th><th>Inland Waterways Corporation (in liquidation)</th><th>Maritime Administration Federal ship mortgage insurance fund</th></tr><tr><th>INCOME AND EXPENSE</th><th>Emergency credit revolving fund</th><th>Agricultural credit insurance fund</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>1,961</td><td>942</td><td>-</td><td>-</td><td>7</td><td>200</td><td>123</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>2,361</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,654</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>77</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>81</td></tr><tr><td>Total income</td><td>2,038</td><td>3,309</td><td>-</td><td>12</td><td>7</td><td>200</td><td>2,859</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>2,438</td><td>1,076</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>923</td><td>2,856</td><td>-</td><td>-</td><td>-</td><td>9</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td></tr><tr><td>Total expense</td><td>2,438</td><td>2,000</td><td>2,856</td><td>4</td><td>-</td><td>1</td><td>21</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-1,407</td><td>-38</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-12</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or lose (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-1,419</td><td>-34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1,819</td><td>1,275</td><td>-2,856</td><td>7</td><td>7</td><td>200</td><td>2,838</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-888</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-259</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-1,148</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-2,967</td><td>1,275</td><td>-2,856</td><td>7</td><td>7</td><td>200</td><td>2,838</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>3</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-2,963</td><td>1,274</td><td>-2,856</td><td>7</td><td>7</td><td>195</td><td>2,838</td></tr><tr><th>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Balance at end of previous fiscal year</td><td>-82,713</td><td>9,485</td><td>-70,414</td><td>9</td><td>-</td><td>-13,625</td><td>4,138</td></tr><tr><td>Net income, or loss (-)</td><td>-2,963</td><td>1,274</td><td>-2,856</td><td>7</td><td>7</td><td>195</td><td>2,838</td></tr><tr><td>Capital transfer of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-85,676</td><td>10,759</td><td>-73,270</td><td>16</td><td>7</td><td>-13,431</td><td>6,976</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
93
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Commerce Department - (Cont.)</th><th>Interservice activities</th><th colspan="3">Defense Department 6/</th><th>HDW Department</th></tr><tr><th></th><th>Maritime Administration - (Continued)</th><th>War risk insurance revolving fund</th><th>Wherry Act housing</th><th>Air Force Department</th><th>Army Department</th><th>Navy Department</th><th>Public Health Service Operation of commissaries, narcotic hospitals</th></tr><tr><th colspan="8">INCOME AND EXPENSE</th></tr><tr><td>Income:</td><td></td><td></td><td></td><td colspan="3">Defense production guarantees</td><td></td></tr><tr><td>Salles of goods and services</td><td>2,203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>242</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>176</td><td>10</td><td>472</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>637</td><td>-</td><td>451</td><td>65</td><td>-</td><td>-</td></tr><tr><td>Quaranty and insurance premiums</td><td>2,475</td><td>-</td><td>67,973</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>508</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Other income</td><td>5,186</td><td>637</td><td>67,973</td><td>627</td><td>75</td><td>472</td><td>246</td></tr><tr><td>Total income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>173</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>2,301</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68</td></tr><tr><td>Other operating expenses</td><td>-</td><td>16</td><td>-</td><td>71</td><td>34</td><td>45</td><td>2</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Other</td><td>3,666</td><td>-</td><td>23,008</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>155</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>6,122</td><td>38</td><td>23,008</td><td>74</td><td>34</td><td>45</td><td>242</td></tr><tr><td>Total expense</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-169</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-169</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-1,105</td><td>598</td><td>44,965</td><td>553</td><td>42</td><td>426</td><td>3</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-1,081</td><td>598</td><td>44,965</td><td>553</td><td>42</td><td>426</td><td>3</td></tr><tr><td>Charge (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-1,081</td><td>598</td><td>44,965</td><td>553</td><td>42</td><td>426</td><td>3</td></tr><tr><th colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th></tr><tr><td>Balance at end of previous fiscal year</td><td>22,321</td><td>2,347</td><td>122,076</td><td>13,625</td><td>5,425</td><td>10,273</td><td>50</td></tr><tr><td>Net income, or loss (-)</td><td>-1,081</td><td>598</td><td>44,965</td><td>553</td><td>42</td><td>426</td><td>3</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>21,240</td><td>2,945</td><td>167,041</td><td>14,178</td><td>5,467</td><td>10,699</td><td>53</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
94
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="6">Interior Department</th></tr><tr><th>HEW Department-(Continued) Social Security Administration</th><th>Bureau of Indian Affairs</th><th>Office of Territories</th><th>Alaska Railroad</th><th>Bureau of Mines</th><th>Bur. of Commercial Fisheries</th></tr><tr><th></th><th>Bureau of Federal Credit Unions</th><th>Revolving fund for loans</th><th>Liquidation of Hoosah housing project</th><th>Loans to private trading enterprises</th><th>Alaska Railroad revolving fund</th><th>Development and operation of helium properties</th><th>Federal ship mortgage insurance fund, fishing vessels</th></tr><tr><td colspan="8"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,170</td><td>18,291</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities.</td><td>-</td><td>367</td><td>3</td><td>5</td><td>31</td><td>-</td><td>-</td></tr><tr><td>Other interest income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td></tr><tr><td>Guaranty and insurance premiums.</td><td>4,033</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>253</td><td>108</td><td>-</td></tr><tr><td>Other income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>4,033</td><td>367</td><td>3</td><td>5</td><td>14,435</td><td>18,399</td><td>6</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,343</td><td>1,655</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7,678</td><td>3,124</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,131</td><td>13</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100</td><td>-</td></tr><tr><td>Finished goods.</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>18</td><td>-</td><td>-</td><td>-</td><td>2,231</td><td>1,724</td><td>-</td></tr><tr><td>Depreciation.</td><td>3,816</td><td>46</td><td>-</td><td>-</td><td>812</td><td>1,019</td><td>-</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,600</td><td>-</td></tr><tr><td>Other major expense items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense.</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>3,845</td><td>46</td><td>*</td><td>-</td><td>14,195</td><td>9,235</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-</td><td>-48</td><td>-</td><td>-</td><td>-14</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-</td><td>-48</td><td>-</td><td>-</td><td>-14</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>188</td><td>273</td><td>3</td><td>5</td><td>247</td><td>9,163</td><td>6</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-</td><td>-</td><td>-148</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>-</td><td>687</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-</td><td>687</td><td>-148</td><td>-</td><td>6</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>188</td><td>960</td><td>-145</td><td>5</td><td>253</td><td>9,163</td><td>6</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-226</td><td>-230</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>188</td><td>960</td><td>-145</td><td>5</td><td>28</td><td>8,933</td><td>6</td></tr><tr><td colspan="8"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year.</td><td>1,044</td><td>-5,190</td><td>41</td><td>18</td><td>809</td><td>11</td><td>3</td></tr><tr><td>Net income, or loss (-).</td><td>188</td><td>960</td><td>-145</td><td>5</td><td>28</td><td>8,933</td><td>6</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period.</td><td>1,232</td><td>-4,230</td><td>-104</td><td>23</td><td>837</td><td>8,944</td><td>8</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
95
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="4">Interior Department - (Continued)</th><th colspan="2">Labor Department</th></tr><tr><th>Bureau of Commercial Fisheries - (Continued) Fisheries loan fund</th><th>Bureau of Reclamation Fund for emergency expenses, Fort Peck project, Mont.</th><th>Upper Colorado River Basin fund</th><th>Virgin Islands Corporation</th><th>Expansion of defense production</th><th>Bureaus of Employment Security Advances to unemployment trust fund 7/</th><th>Farm labor supply revolving fund</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services.</td><td>-</td><td>3,361</td><td>-</td><td>3,351</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities.</td><td>302</td><td>-</td><td>-</td><td>17</td><td>-</td><td>3,424</td><td>-</td></tr><tr><td>Other interest income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,128</td></tr><tr><td>Other major income items.</td><td>-</td><td>1</td><td>7</td><td>420</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income.</td><td>302</td><td>3,362</td><td>7</td><td>3,788</td><td>-</td><td>3,424</td><td>3,128</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>-</td><td>451</td><td>-</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>-</td><td>1,177</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>-</td><td>-</td><td>454</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>-</td><td>326</td><td>-</td><td>836</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods.</td><td>-</td><td>7</td><td>-</td><td>363</td><td>-</td><td>-</td><td>2,518</td></tr><tr><td>Other operating expenses.</td><td>-</td><td>7</td><td>-</td><td>478</td><td>-</td><td>-</td><td>51</td></tr><tr><td>Depreciation.</td><td>222</td><td>77</td><td>-</td><td>180</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>32</td><td>940</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>324</td><td>-</td><td>305 8/</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense.</td><td>-</td><td>68</td><td>-</td><td>381</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>222</td><td>1,260</td><td>-</td><td>4,218</td><td>940</td><td>-</td><td>2,568</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-619</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-619</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>80</td><td>2,102</td><td>7</td><td>-431</td><td>-1,559</td><td>3,424</td><td>559</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-88</td><td>-</td><td>-</td><td>-</td><td>619</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-15</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-88</td><td>-</td><td>-</td><td>-15</td><td>619</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>-8</td><td>2,102</td><td>7</td><td>-446</td><td>-940</td><td>3,424</td><td>559</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>-</td><td>8</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-1</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>-8</td><td>2,111</td><td>7</td><td>-446</td><td>-940</td><td>3,424</td><td>558</td></tr><tr><td colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year.</td><td>-228</td><td>11,926</td><td>-</td><td>-558</td><td>-30,449</td><td>2,992</td><td>2,195</td></tr><tr><td>Net income, or loss (-).</td><td>-8</td><td>2,111</td><td>7</td><td>-446</td><td>-940</td><td>3,424</td><td>558</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>329</td><td>-</td><td>-</td><td>-1,518</td></tr><tr><td>Balance at end of reporting period.</td><td>-236</td><td>14,037</td><td>7</td><td>-674</td><td>-31,389</td><td>6,416</td><td>1,234</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
96
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Post Office Department Postal fund</th><th colspan="4">Office of the Secretary</th><th rowspan="2">Bureau of Accounts Fund for payment of Government losses in shipment</th><th rowspan="2">Office of the Treasurer of the U.S.,check forgery insurance fund</th><th rowspan="2">Expenses of defense production</th></tr><tr><th>RFC liquidation fund</th><th>Federal Farm Mortgage Corporation liquidation fund</th><th>Civil defense loans</th></tr><tr><td colspan="9"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>3,504,437</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>374</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>6,411</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>*</td><td>-</td><td>13</td></tr><tr><td>Guaranty and insurance premiums</td><td>4,420</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>263</td><td>-</td></tr><tr><td>Other major income items</td><td>109,099</td><td>16</td><td>34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>3,617,955</td><td>391</td><td>34</td><td>49</td><td>*</td><td>-</td><td>263</td><td>6,423</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>3,054,700</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaried applied</td><td>507,922</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>618,910</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>45,645</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>73,502</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>93</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>-</td><td>3,432</td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>29,690</td><td>-</td><td>-</td><td>-</td><td>67</td><td>-</td><td>263</td><td>-</td></tr><tr><td>Other major expense items</td><td>36,822</td><td>2</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>63</td></tr><tr><td>Miscellaneous expense</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>4,367,192</td><td>33</td><td>1</td><td>16</td><td>67</td><td>-</td><td>263</td><td>3,589</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-5,625</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-107</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-5,625</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-104</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-749,237</td><td>-5,267</td><td>34</td><td>33</td><td>-67</td><td>-</td><td>-</td><td>2,730</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>5,850</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-6,610</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>5,850</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-</td><td>-6,610</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-749,237</td><td>583</td><td>34</td><td>33</td><td>-67</td><td>-1</td><td>-</td><td>-3,880</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-749,237</td><td>594</td><td>34</td><td>33</td><td>-67</td><td>-1</td><td>-</td><td>-3,869</td></tr><tr><td colspan="9"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>11/</td><td>12/</td><td>2,384</td><td>367</td><td>-952</td><td>-10</td><td></td><td>21,829</td></tr><tr><td>Net income, or loss (-)</td><td>-749,237</td><td>594</td><td>34</td><td>33</td><td>-67</td><td>-1</td><td></td><td>-3,869</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-1,075</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-594</td><td>-86</td><td>-</td><td>-</td><td>-</td><td></td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-749,237</td><td>-</td><td>1,257</td><td>400</td><td>-1,019</td><td>-11</td><td></td><td>17,960</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
97
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Abaca fiber program</th><th>Federal Facilities Corporation 13/</th><th>Reconstruction Finance Corporation liquidation fund</th><th>Expansion of defense production</th><th>Defense production guarantees</th><th>Office of the Administrator College housing loans</th><th>Public facility loans</th></tr><tr><td colspan="8"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>37,813</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>59</td><td>1</td><td>16</td><td>-</td><td>30,975</td><td>2,790</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>65</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>*</td><td>323</td><td>339</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td></td><td>59</td><td>324</td><td>38,167</td><td>65</td><td>30,975</td><td>2,790</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>57,011</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-16,203</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>6</td><td>-87</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>1</td><td>6</td><td>70</td><td>-</td><td>32</td><td>13</td></tr><tr><td>Depreciation</td><td>-</td><td>1</td><td>-</td><td>314</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>42</td><td>1,179</td><td>-</td><td>1,900</td><td>850</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>65,870</td><td>-</td><td>28,407</td><td>2,334</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>5,565</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>209</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>2</td><td>2</td><td>-</td><td>-</td><td>3</td><td>22</td><td>12</td></tr><tr><td>Total expense</td><td>2</td><td>2</td><td>48</td><td>113,931</td><td>3</td><td>30,361</td><td>3,209</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-) on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-5,202</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-) on sale of other assets</td><td>-</td><td>-8,687 14/</td><td>-</td><td>-55</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-8,687</td><td>-5</td><td>-5,258</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-2</td><td>-8,629</td><td>271</td><td>-81,021</td><td>62</td><td>614</td><td>-419</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>25</td><td>-</td><td>-</td><td>-276</td><td>-1,065</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>28</td><td>-</td><td>-</td><td>-276</td><td>-1,065</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-2</td><td>-8,629</td><td>298</td><td>-81,021</td><td>62</td><td>338</td><td>-1,484</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>354</td><td>22</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-2</td><td>-8,629</td><td>652</td><td>-80,998</td><td>62</td><td>338</td><td>-1,484</td></tr><tr><td colspan="8"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-11,115</td><td>12/ -8,629</td><td>12/ 652</td><td>-368,673 -80,998</td><td>6,203 62</td><td>-2,546 338</td><td>-2,356 -1,484</td></tr><tr><td>Net income, or loss (-)</td><td>-2</td><td>-8,629</td><td>652</td><td>-80,998</td><td>62</td><td>338</td><td>-1,484</td></tr><tr><td>Capital transfer of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>8,629</td><td>-652</td><td>5,006</td><td>-</td><td>22</td><td>12</td></tr><tr><td>Balance at end of reporting period</td><td>-11,117</td><td>-</td><td>-</td><td>-444,665</td><td>6,265</td><td>-2,187</td><td>-3,827</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
98
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th colspan="8">Housing and Home Finance Agency - (Continued)</th></tr><tr><th rowspan="2">Account</th><th colspan="5">Office of the Administrator - (Continued)</th><th colspan="2">Federal National Mortgage Association</th></tr><tr><th>Public works planning fund</th><th>Liquidating programs</th><th>Urban renewal fund</th><th>Community disposal operations fund</th><th>Housing for the elderly</th><th>Special assistance functions</th><th>Management end liquidating functions</th></tr><tr><td colspan="8"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>1</td><td>829</td><td>3,868</td><td>220</td><td>52</td><td>90,992</td><td>65,887</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,542</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>23</td><td>74</td><td>5</td><td>-</td><td>531</td><td>116</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>1</td><td>852</td><td>3,941</td><td>225</td><td>52</td><td>94,065</td><td>66,002</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>137</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>145</td><td>-</td><td>133</td><td>512</td><td>1,282</td><td>56</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>163,597</td><td>-</td><td>-</td><td>-</td><td>2,036</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>3,742</td><td>-</td><td>-</td><td>70,866</td><td>42,003</td></tr><tr><td>Other</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>1</td><td>-</td><td>1</td><td>7</td><td>6,264</td><td>6,199</td></tr><tr><td>Total expense</td><td>-</td><td>284</td><td>167,339</td><td>134</td><td>519</td><td>78,412</td><td>50,294</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-39</td><td>-172</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-714</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-1,456</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>650</td><td>-554</td></tr><tr><td>Other</td><td>-</td><td>-110</td><td>-</td><td>75</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-39</td><td>-1,738</td><td>-</td><td>75</td><td>-</td><td>650</td><td>-1,262</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-37</td><td>-1,170</td><td>-163,398</td><td>165</td><td>-467</td><td>16,303</td><td>14,446</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>315</td><td>-</td><td>-</td><td>-24</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>452</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-2,399</td><td>1,425</td><td>-</td><td>-</td><td>-</td><td>-578</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-2,399</td><td>2,193</td><td>-</td><td>-</td><td>-24</td><td>-578</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-2,436</td><td>1,022</td><td>-163,398</td><td>165</td><td>-492</td><td>15,724</td><td>14,446</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-1</td><td>37</td><td>64</td><td>-</td><td>-</td><td>-1,790</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-2,436</td><td>1,060</td><td>-163,334</td><td>165</td><td>-492</td><td>13,934</td><td>14,446</td></tr><tr><td colspan="8"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-5,452</td><td>-1,194,192</td><td>-452,044</td><td>971</td><td>-235</td><td>51,505</td><td>170,130</td></tr><tr><td>Net income, or loss (-)</td><td>-2,436</td><td>1,060</td><td>-163,334</td><td>165</td><td>-492</td><td>13,934</td><td>14,446</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-40,000</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>1</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-7,889</td><td>-1,193,131</td><td>-615,378</td><td>1,138</td><td>-720</td><td>65,439</td><td>144,575</td></tr></table>
(Continued on following page)
December 1962
99
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Housing and Home Finance Agency - (Continued)</th><th colspan="5">Veterans' Administration</th></tr><tr><th></th><th>Federal Housing Administration</th><th>Public Housing Administration</th><th>Canteen service revolving fund</th><th>Direct loans to veterans and reserves</th><th>Loan guaranty revolving fund</th><th>Rental, maintenance, and repair of quarters</th><th>Service-disabled veterans' insurance fund</th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>44,726</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>23,172</td><td>3,229</td><td>-</td><td>61,821</td><td>22,962</td><td>-</td><td>75</td></tr><tr><td>Other interest income</td><td>7,341</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,588</td></tr><tr><td>Guaranty and insurance premiums</td><td>227,249</td><td>1,330</td><td>98</td><td>-</td><td>-</td><td>85</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>811</td><td>36</td><td>1,316</td><td>1,722</td><td>-</td><td>808</td></tr><tr><td>Other income</td><td>4,594</td><td>-</td><td>-</td><td>-</td><td>-</td><td>85</td><td>-</td></tr><tr><td>Total income</td><td>262,356</td><td>5,370</td><td>44,860</td><td>63,136</td><td>24,684</td><td>85</td><td>5,471</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>31,149</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>8,877</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>86</td><td>545</td><td>1,858</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>62</td><td>210</td><td>500</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>69,493</td><td>13,980</td><td>1,631</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>159,374</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>1,163</td><td>-</td><td>45,113</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>644</td><td>-</td><td>-</td><td>14,947</td><td>83</td><td>6,746</td></tr><tr><td>Other major expense items</td><td>-</td><td>-51</td><td>-</td><td>520</td><td>7,297</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>69,641</td><td>175,865</td><td>44,014</td><td>45,633</td><td>22,244</td><td>83</td><td>6,746</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>6</td><td>-36</td><td>-280</td><td>4,557</td><td>-</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>13</td><td>12</td><td>-</td><td>70</td><td>7,177</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-35,929</td><td>-36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-35,901</td><td>-19</td><td>-36</td><td>-210</td><td>6,720</td><td>-</td><td>*</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>156,814</td><td>-170,514</td><td>810</td><td>17,294</td><td>9,160</td><td>2</td><td>-1,276</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-1,571</td><td>-1,779</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-32,357</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-94</td><td>-</td><td>-</td><td>-1,646</td><td>-</td><td>-3,295</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-33,928</td><td>-1,873</td><td>-</td><td>-</td><td>-1,646</td><td>-</td><td>-3,295</td></tr><tr><td>Net income, or loss (-), for the period</td><td>122,886</td><td>-172,387</td><td>810</td><td>17,294</td><td>7,514</td><td>2</td><td>-4,571</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>122,886</td><td>-172,387</td><td>810</td><td>17,294</td><td>7,514</td><td>2</td><td>-4,571</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>982,254</td><td>-1,180,226</td><td>11,004</td><td>83,859</td><td>-12,978</td><td>23</td><td>-20,930</td></tr><tr><td>Net income, or loss (-)</td><td>122,886</td><td>-172,387</td><td>810</td><td>17,294</td><td>7,514</td><td>2</td><td>-4,571</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-462</td><td>-35</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-15,956</td><td>-</td><td>-</td><td>-206,871</td><td>15/</td><td>-10</td><td>1,300</td></tr><tr><td>Balance at end of reporting period</td><td>1,089,184</td><td>-1,353,075</td><td>11,779</td><td>-105,718</td><td>-5,464</td><td>15</td><td>-24,201</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
100
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="3">Veterans' Administration - (Continued)</th><th colspan="3">Export-Import Bank of Washington</th><th>Farm Credit Administration 16/ Banks for cooperatives investment fund</th></tr><tr><th></th><th>Soldiers' and sailors' civil relief</th><th>Veterans' special term insurance fund</th><th>Vocational rehabilitation revolving fund</th><th>Regular lending activities</th><th>Liquidation of certain Reconstruction Finance Corporation assets</th><th>Expansion of defense production</th><th></th></tr><tr><td colspan="8">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>2,737</td><td>-</td><td>-</td><td>*</td><td>408</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>26</td><td>-</td><td>164,474</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>26,217</td><td>-</td><td>869</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>3</td><td>1,303</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>3</td><td>30,283</td><td>-</td><td>165,343</td><td>*</td><td>408</td><td>-</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>-</td><td>30</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>2,692</td><td>1</td><td>2</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>56,757</td><td>-</td><td>107</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>44,223</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>108</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>44,223</td><td>-</td><td>59,587</td><td>1</td><td>109</td><td>-</td></tr><tr><td>Total expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-17</td><td>*</td><td>-2</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-36</td><td>*</td><td>-2</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>-33</td><td>-13,941</td><td>-2</td><td>105,756</td><td>*</td><td>299</td><td>-</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-50,363</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-50,363</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>-33</td><td>-64,304</td><td>-2</td><td>105,756</td><td>*</td><td>299</td><td>-</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-33</td><td>-64,304</td><td>-2</td><td>105,756</td><td>*</td><td>299</td><td>-</td></tr><tr><td>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-1,848</td><td>77,379</td><td>-4</td><td>705,917</td><td>*</td><td>4,751</td><td>-314,081</td></tr><tr><td>Net income, or loss (-)</td><td>-33</td><td>-64,304</td><td>-2</td><td>105,756</td><td>*</td><td>299</td><td>-</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-4,000</td><td>-</td><td>-30,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-60</td><td>-</td><td>-5,019</td><td>314,081 17/</td></tr><tr><td>Balance at end of reporting period</td><td>-1,881</td><td>9,075</td><td>-7</td><td>781,614</td><td>*</td><td>32</td><td>-</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
101
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Federal Home Loan Bank Board 18/ Revolving fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Panama Canal Company</th><th>Saint Lawrence Seaway Development Corporation</th><th>Small Business Administration Revolving fund</th><th>Reconstruction Finance Corporation liquidation fund</th><th>Tennessee Valley Authority</th><th>United States Information Agency Information media guaranty fund</th></tr><tr><td colspan="9"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>100,083</td><td>3,447</td><td>-</td><td>-</td><td>264,027</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>12,368</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,770</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>900</td><td>-</td><td>-</td><td>30,180</td><td>158</td><td>244</td><td>220</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>53,548</td><td>-</td><td>-</td><td>535</td><td>2</td><td>-</td><td>74</td></tr><tr><td>Other major income items</td><td>-</td><td>1</td><td>750</td><td>68</td><td>-</td><td>57</td><td>40</td><td>-</td></tr><tr><td>Other income</td><td>12,235</td><td>66,816</td><td>100,833</td><td>3,515</td><td>30,772</td><td>200</td><td>14,938</td><td>-</td></tr><tr><td>Total income</td><td>12,235</td><td>66,816</td><td>100,833</td><td>3,515</td><td>30,772</td><td>200</td><td>280,979</td><td>293</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>13,492</td><td>-</td><td>-</td><td>-</td><td>4,383</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,160</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>169,295</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>153</td><td>-</td></tr><tr><td>Finished goods</td><td>10,294</td><td>1,152</td><td>38,464</td><td>1,034</td><td>113</td><td>36</td><td>1,120</td><td>-</td></tr><tr><td>Other operating expenses</td><td>48</td><td>25</td><td>5,302</td><td>-</td><td>-</td><td>-</td><td>56,281</td><td>-</td></tr><tr><td>Depreciation</td><td>1,661</td><td>945</td><td>10,072</td><td>368</td><td>18,846</td><td>394</td><td>3,493</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>191</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>-</td><td>-</td><td>9,360 19/</td><td>4,492</td><td>20,149 20/</td><td>-</td><td>516</td><td>619</td></tr><tr><td>Other</td><td>-</td><td>392</td><td>13,663</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>2,858</td><td>78</td><td>1,232</td><td>*</td><td>6</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>12,003</td><td>2,705</td><td>93,210</td><td>5,973</td><td>40,341</td><td>430</td><td>242,684</td><td>619</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-277</td><td>-</td><td>-1,812</td><td>-66</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-11</td><td>-53</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,468</td></tr><tr><td>Other</td><td>-</td><td>-3,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-3,000</td><td>-277</td><td>-</td><td>-2,823</td><td>-119</td><td>-</td><td>-1,468</td></tr><tr><td>Net income, or loss (-), before change in valuation allowance</td><td>232</td><td>61,111</td><td>7,346</td><td>-2,458</td><td>-11,392</td><td>-350</td><td>38,295</td><td>-1,793</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-6,834</td><td>71</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-81</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-836</td></tr><tr><td>Other</td><td>-</td><td>-10</td><td>-</td><td>-</td><td>-1,137</td><td>-5</td><td>-</td><td>-44</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-10</td><td>-</td><td>-</td><td>-8,052</td><td>66</td><td>-</td><td>-880</td></tr><tr><td>Net income, or loss (-), for the period</td><td>232</td><td>61,101</td><td>7,346</td><td>-2,458</td><td>-19,443</td><td>-283</td><td>38,295</td><td>-2,673</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>640</td><td>-</td><td>2,090</td><td>-</td><td>-401</td><td>-</td><td>-</td><td>671</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>872</td><td>61,101</td><td>9,436</td><td>-2,458</td><td>-19,845</td><td>-283</td><td>38,295 21/</td><td>-2,002</td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>52</td><td>409,960</td><td>122,143</td><td>-4,696</td><td>-53,878</td><td>-2,840</td><td>352,704</td><td>-18,512</td></tr><tr><td>Net income, or loss (-)</td><td>872</td><td>61,101</td><td>9,436</td><td>-2,458</td><td>-19,845</td><td>-283</td><td>38,295</td><td>-2,002</td></tr><tr><td>Capital transfers of earnings or profits to the U.S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-36,542</td><td>-</td></tr><tr><td>Other</td><td>-501</td><td>168,433</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,500</td></tr><tr><td>Balance at end of reporting period</td><td>424</td><td>639,494</td><td>131,579</td><td>-7,154</td><td>-73,722</td><td>-3,124</td><td>354,457</td><td>-19,015</td></tr></table>
Footnotes at end of Section III.
102
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>Legislative Branch</th><th colspan="3">Agriculture Department</th><th colspan="2">Commerce Department</th></tr><tr><th></th><th></th><th>Government Printing Office</th><th>Agricultural Research Service</th><th>Forest Service</th><th>Working capital fund</th><th>National Bureau of Standards</th><th>Working capital fund</th></tr><tr><td><b>INCOME AND EXPENSE</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income:</td><td>4,493,433</td><td>120,647</td><td>4,029</td><td>25,192</td><td>3,606</td><td>44,325</td><td>2,351</td></tr><tr><td>Sales of goods and services.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interests:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>858</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>9,839</td><td>6,407</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>4,504,130</td><td>127,054</td><td>4,043</td><td>25,192</td><td>3,606</td><td>44,325</td><td>2,351</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>593,137</td><td>-</td><td>1,079</td><td>6,590</td><td>1,035</td><td>3,422</td><td>230</td></tr><tr><td>Materials applied</td><td>676,018</td><td>30,505</td><td>-</td><td>3,332</td><td>-</td><td>3,422</td><td>244</td></tr><tr><td>Wages and salaries applied</td><td>1,603,753</td><td>38,438</td><td>2,214</td><td>2,079</td><td>1,575</td><td>27,594</td><td>787</td></tr><tr><td>Other applied expenses</td><td>1,221,689</td><td>43,677</td><td>694</td><td>7,115</td><td>752</td><td>10,175</td><td>905</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>9,765</td><td>-</td><td>-</td><td>-182</td><td>-</td><td>36</td><td>-</td></tr><tr><td>Finished goods</td><td>-289</td><td>-</td><td>-</td><td>76</td><td>-</td><td>-295</td><td>-9</td></tr><tr><td>Other operating expenses</td><td>340,493</td><td>5,057</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>22,256</td><td>751</td><td>45</td><td>3,184</td><td>59</td><td>3,171</td><td>46</td></tr><tr><td>Administrative expenses</td><td>12,427</td><td>1,739</td><td>-</td><td>2,650</td><td>104</td><td>-</td><td>67</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>2,993</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-257</td><td>-1,175</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td></tr><tr><td>Total expense</td><td>4,481,984</td><td>118,990</td><td>4,032</td><td>24,842</td><td>3,527</td><td>44,104</td><td>2,297</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-70</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>101</td><td>33</td><td>-</td><td>208</td><td>-2</td><td>3</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>321</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113</td><td>1</td></tr><tr><td>Total other gains, or losses (-)</td><td>348</td><td>33</td><td>-</td><td>208</td><td>-2</td><td>116</td><td>1</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>22,494</td><td>8,097</td><td>11</td><td>558</td><td>78</td><td>337</td><td>56</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>22,470</td><td>8,097</td><td>11</td><td>558</td><td>78</td><td>337</td><td>56</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>4,719</td><td>-</td><td>-</td><td>110</td><td>-</td><td>-</td><td>-1</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>27,189</td><td>8,097</td><td>11</td><td>668</td><td>78</td><td>337</td><td>56</td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year</td><td>70,713</td><td>10,658</td><td>92</td><td>3,681</td><td>111</td><td>39</td><td>345</td></tr><tr><td>Net income, or loss (-)</td><td>27,189</td><td>8,097</td><td>11</td><td>668</td><td>78</td><td>337</td><td>56</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-12,963</td><td>-5,195</td><td>-</td><td>-</td><td>-</td><td>-39</td><td>-</td></tr><tr><td>Other</td><td>-217</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>84,722</td><td>13,560</td><td>102</td><td>4,349</td><td>188</td><td>337</td><td>401</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
103
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 3.-- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Defense Department</th><th colspan="3">Health, Education, and Welfare Department</th></tr><tr><th>Air Force Department</th><th>Army Department</th><th>Corps of Engineers</th><th>Navy Department</th><th>Public Health Service</th><th>Office of the Secretary</th></tr><tr><th></th><th>Industrial fund 22/</th><th>Industrial fund 22/</th><th></th><th>Industrial fund 22/</th><th>Service and supply fund</th><th>Working capital fund</th><th>Working capital fund</th></tr><tr><td colspan="8"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>406,795</td><td>732,032</td><td>247,352</td><td>1,884,241</td><td>8,705</td><td>963</td><td>2,352</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>3</td><td>2</td></tr><tr><td>Total income</td><td>406,795</td><td>732,032</td><td>247,352</td><td>1,884,241</td><td>8,724</td><td>966</td><td>2,353</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>1,625</td><td>-</td><td>5,678</td><td>-</td><td>610</td></tr><tr><td>Materials applied</td><td>82,740</td><td>123,629</td><td>4,851</td><td>392,287</td><td>-</td><td>345</td><td>154</td></tr><tr><td>Wages and salaries applied</td><td>22,283</td><td>425,070</td><td>-</td><td>1,052,574</td><td>-</td><td>-</td><td>870</td></tr><tr><td>Other applied expenses</td><td>300,731 23/</td><td>175,357 23/</td><td>231,490</td><td>437,719 23/</td><td>-</td><td>314</td><td>135</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-56</td><td>6,858</td><td>-</td><td>4,275</td><td>-</td><td>-11</td><td>-1</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,966</td><td>222</td><td>410</td></tr><tr><td>Other operating expenses</td><td>-</td><td>-</td><td>8,434</td><td>-</td><td>21</td><td>26</td><td>27</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>71</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>500</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>405,698</td><td>730,914</td><td>246,900</td><td>1,886,855</td><td>8,665</td><td>859</td><td>2,276</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-13</td><td>-</td><td>*</td><td>-6</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>74</td><td>-</td><td>-</td><td>11</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>61</td><td>-</td><td>*</td><td>6</td><td>*</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-</td><td>513</td><td>-2,614</td><td>59</td><td>112</td><td>78</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>1,097</td><td>1,119</td><td>513</td><td>-2,614</td><td>59</td><td>112</td><td>78</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>513</td><td>-2,614</td><td>59</td><td>112</td><td>78</td></tr><tr><td>Net income, or loss (-), for the period</td><td>1,097</td><td>1,119</td><td>513</td><td>-2,614</td><td>59</td><td>112</td><td>78</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>2,944</td><td>73</td><td>-</td><td>1,167</td><td>-18</td><td>*</td><td>-19</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>4,041</td><td>1,191</td><td>513</td><td>-1,447</td><td>41</td><td>112</td><td>59</td></tr><tr><td colspan="8"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>1,535</td><td>-1,322</td><td>128</td><td>26,853</td><td>234</td><td>343</td><td>128</td></tr><tr><td>Net income, or loss (-)</td><td>4,041</td><td>1,191</td><td>513</td><td>-1,447</td><td>41</td><td>112</td><td>59</td></tr><tr><td>Capital transfer of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>5,577</td><td>-131</td><td>641</td><td>25,405</td><td>275</td><td>455</td><td>187</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
104
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962 Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Interior Department Office of the Secretary Working capital fund</th><th>Justice Department Federal Prison Industries, Inc.</th><th>Labor Department Office of the Secretary Working capital fund</th><th>Treasury Department Bureau of Engraving and Printing</th><th>United States Coast Guard Supply fund</th><th>Yard fund</th><th>General Services Administrative expenses, foreign aid procurements</th></tr><tr><td><b>INCOME AND EXPENSE</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services.</td><td>1,930</td><td>38,495</td><td>2,409</td><td>25,132</td><td>15,988</td><td>14,143</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income.</td><td>-</td><td>359</td><td>-</td><td>-</td><td>58</td><td>79</td><td>-</td></tr><tr><td>Total income.</td><td>1,930</td><td>38,854</td><td>2,409</td><td>25,132</td><td>16,046</td><td>14,223</td><td>-</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>241</td><td>-</td><td>-</td><td>-</td><td>16,046</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>114</td><td>21,896</td><td>428</td><td>4,355</td><td>-</td><td>5,003</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>819</td><td>1,645</td><td>1,220</td><td>9,571</td><td>-</td><td>4,710</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>590</td><td>5,725</td><td>628</td><td>2,739</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>-</td><td>-157</td><td>-</td><td>-285</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods.</td><td>-</td><td>174</td><td>-</td><td>-142</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>143</td><td>775</td><td>-</td><td>2,825</td><td>-</td><td>2,321</td><td>-</td></tr><tr><td>Depreciation.</td><td>18</td><td>465</td><td>132</td><td>353</td><td>-</td><td>151</td><td>-</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>529</td><td>-</td><td>5,597</td><td>-</td><td>1,670</td><td>-</td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>1,455</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>356</td><td>-</td></tr><tr><td>Total expense.</td><td>1,926</td><td>32,507</td><td>2,408</td><td>25,013</td><td>16,046</td><td>14,209</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-5</td><td>-</td><td>-</td><td>-50</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>*</td><td>-</td><td>*</td><td>-18</td><td>-</td><td>-18</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>47</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>-5</td><td>-</td><td>*</td><td>-71</td><td>47</td><td>-18</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>-1</td><td>6,347</td><td>-</td><td>49</td><td>47</td><td>-5</td><td>-</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-</td><td>-</td><td>-</td><td>-20</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-</td><td>-</td><td>-</td><td>-24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>-1</td><td>6,347</td><td>-</td><td>25</td><td>47</td><td>-5</td><td>-</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>-1</td><td>6,347</td><td>-</td><td>25</td><td>47</td><td>-5</td><td>*</td></tr><tr><td><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at end of previous fiscal year.</td><td>25</td><td>24,385</td><td>-</td><td>-88</td><td>-19</td><td>29</td><td>217</td></tr><tr><td>Net income, or loss (-).</td><td>-1</td><td>6,347</td><td>-</td><td>25</td><td>47</td><td>-5</td><td>*</td></tr><tr><td>Capital transfer of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-4,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-217</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period.</td><td>25</td><td>26,731</td><td>-</td><td>-64</td><td>28</td><td>24</td><td>-</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
105
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Buildings management fund</th><th>General supply fund</th><th>Construction services, public buildings</th><th>Working capital fund</th><th>Veterans' Administration Supply fund</th><th>Civil Service Commission Investigations</th></tr><tr><td colspan="7"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>287,013</td><td>437,710</td><td>9,641</td><td>2,040</td><td>166,077</td><td>10,264</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>858</td><td>-</td></tr><tr><td>Other income</td><td>61</td><td>2,298</td><td>1</td><td>3</td><td>531</td><td>4</td></tr><tr><td>Total income</td><td>287,075</td><td>440,008</td><td>9,642</td><td>2,043</td><td>167,466</td><td>10,267</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>401,068</td><td>-</td><td>399</td><td>160,651</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>463</td><td>136</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,906</td><td>8,397</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>514</td><td>2,428</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-7</td><td>-760</td></tr><tr><td>Finished goods</td><td>285,449</td><td>28,712</td><td>9,637</td><td>1,554</td><td>422</td><td>-</td></tr><tr><td>Other operating expenses</td><td>369</td><td>4,840</td><td>-</td><td>45</td><td>61</td><td>59</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,537</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>19</td><td>18</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>285,837</td><td>434,637</td><td>9,638</td><td>1,997</td><td>167,546</td><td>10,260</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-7</td><td>-1</td><td>-</td><td>-</td><td>-2</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-9</td><td>-70</td><td>-</td><td>*</td><td>-13</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>28</td><td>44</td><td>-</td><td>3</td><td>-</td><td>*</td></tr><tr><td>Total other gains, or losses (-)</td><td>12</td><td>-27</td><td>-</td><td>3</td><td>-15</td><td>*</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>1,250</td><td>5,344</td><td>4</td><td>49</td><td>-96</td><td>7</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>1,250</td><td>5,344</td><td>4</td><td>49</td><td>-96</td><td>7</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>469</td><td>2</td><td>-5</td><td>-4</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>1,719</td><td>5,346</td><td>-1</td><td>45</td><td>-96</td><td>7</td></tr><tr><td colspan="7"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>-564</td><td>3,685</td><td>204</td><td>17</td><td>-29</td><td>27</td></tr><tr><td>Net income, or loss (-)</td><td>1,719</td><td>5,346</td><td>-1</td><td>45</td><td>-96</td><td>7</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-3,685</td><td>-</td><td>-17</td><td>-</td><td>-27</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>1,155</td><td>5,346</td><td>203</td><td>45</td><td>-125</td><td>7</td></tr></table>
Footnotes at end of Section III.
106
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th colspan="2">Agency for International Development</th><th colspan="2">Agriculture Department</th><th>Commerce Department</th><th>HEW Department</th></tr><tr><th></th><th></th><th>Foreign currency loans</th><th>U. S. dollar and foreign currency loans</th><th>Farmers' Home Administration 25/</th><th>Rural Electrification Administration</th><th>Maritime Administration</th><th>Office of Education Loans to students (World War II)</th></tr><tr><th colspan="8">INCOMES AND EXPENSE</th></tr><tr><td>Income:</td><td>108,213</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>1,113,427</td><td>3,818</td><td>96,872</td><td>22,014</td><td>69,041</td><td>4,933</td><td>3</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>-</td><td>13</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>12,281</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,327</td><td>-</td></tr><tr><td>Total income</td><td>1,233,921</td><td>3,818</td><td>96,872</td><td>22,027</td><td>69,041</td><td>8,260</td><td>3</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>39,283</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>12,814</td><td>-</td><td>-</td><td>103</td><td>-376</td><td>11,555</td><td>-</td></tr><tr><td>Depreciation</td><td>52,225</td><td>198</td><td>-</td><td>34,151</td><td>9,928</td><td>7,794</td><td>-</td></tr><tr><td>Administrative expenses</td><td>311,722</td><td>-</td><td>-</td><td>63</td><td>-</td><td>311,659</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>98,169</td><td>-</td><td>20,632</td><td>9,741</td><td>67,797</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>10,120</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>6,228</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,228</td><td>-</td></tr><tr><td>Total expense</td><td>530,562</td><td>198</td><td>20,632</td><td>44,057</td><td>77,349</td><td>337,235</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-3,958</td><td>-</td><td>-</td><td>-1,672</td><td>-</td><td>-</td><td>-94</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-13,890</td><td>-</td><td>-</td><td>10</td><td>-1</td><td>-13,899</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-727</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-727</td><td>-</td></tr><tr><td>Other</td><td>-1,726</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,948</td><td>-1</td></tr><tr><td>Total other gains, or losses (-)</td><td>-20,300</td><td>-</td><td>-</td><td>-1,662</td><td>-1</td><td>-16,574</td><td>-94</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>683,058</td><td>3,620</td><td>76,240</td><td>-23,692</td><td>-8,309</td><td>-345,549</td><td>-91</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-53,234</td><td>-3,740</td><td>-48,776</td><td>-718</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>63,967</td><td>-2,785</td><td>-21,054</td><td>666</td><td>-</td><td>87,140</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>10,733</td><td>-6,525</td><td>-69,830</td><td>-52</td><td>-</td><td>87,140</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>693,792</td><td>-2,905</td><td>6,410</td><td>-23,744</td><td>-8,309</td><td>-258,409</td><td>-91</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-57,081</td><td>-</td><td>-</td><td>-1,548</td><td>-</td><td>218</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>636,711</td><td>-2,905</td><td>6,410</td><td>-25,292</td><td>-8,309</td><td>-258,192</td><td>-91</td></tr><tr><th colspan="8">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</th></tr><tr><td>Balance at end of previous fiscal year</td><td>-2,290,664</td><td>-6,155</td><td>12,983</td><td>-205,628</td><td>-92,848</td><td>-2,589,538</td><td>-409</td></tr><tr><td>Net income, or loss (-)</td><td>636,711</td><td>-2,905</td><td>6,410</td><td>-25,292</td><td>-8,309</td><td>-258,192</td><td>-91</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-9</td></tr><tr><td>Other</td><td>-877,801</td><td>-3,659</td><td>-58,534</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-2,531,754</td><td>-12,718</td><td>-39,141</td><td>-230,919</td><td>-101,157</td><td>-2,847,729</td><td>-509</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
December 1962
107
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II
Income and Expense for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="3">Interior Department</th><th>Treasury Department</th><th>General Services Administration</th><th>Export-Import Bank of Washington</th></tr><tr><th></th><th>Bonneville Power Administration</th><th>Southeastern Power Administration</th><th>Southwestern Power Administration</th><th>Miscellaneous loans and certain other assets</th><th>Public Works Administration (in liquidation)</th><th>Agent for certain Mutual Security Act loans</th></tr><tr><td colspan="7"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>69,054</td><td>23,206</td><td>15,953</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>-</td><td>-</td><td>908,991</td><td>1,733</td><td>6,023</td></tr><tr><td>Other interest income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>-</td><td>-</td><td>13</td><td>3,499</td><td>-</td><td>-</td></tr><tr><td>Other income</td><td>5,429</td><td>*</td><td></td><td></td><td></td><td></td></tr><tr><td>Total income</td><td>74,483</td><td>23,206</td><td>15,966</td><td>912,490</td><td>1,733</td><td>6,023</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>14,306</td><td>2,294</td><td>11,128</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>12,300</td><td>153</td><td>783</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury</td><td>9,388</td><td>2</td><td>730</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>35,993</td><td>2,454</td><td>12,643</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-22</td><td>-</td><td>-</td><td>-</td><td>-2,170</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>223</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-)</td><td>201</td><td>-</td><td>-</td><td>-</td><td>-2,170</td><td>-</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>38,690</td><td>20,752</td><td>3,323</td><td>912,490</td><td>-437</td><td>6,023</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collaterals</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>38,690</td><td>20,752</td><td>3,323</td><td>912,490</td><td>-437</td><td>6,023</td></tr><tr><td>Charges (-), or credits, applicable to prior years</td><td>-49,378</td><td>-77</td><td>-6,296</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>-10,688</td><td>20,675</td><td>-2,973</td><td>912,490</td><td>-437</td><td>6,023</td></tr><tr><td colspan="7"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>3,105</td><td>115,742</td><td>25,766</td><td>444,633</td><td>-</td><td>1,683</td></tr><tr><td>Net income, or loss (-)</td><td>-10,688</td><td>20,675</td><td>-2,973</td><td>912,490</td><td>-437</td><td>6,023</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-)</td><td>-</td><td>-</td><td>-1</td><td>-809,501</td><td>437</td><td>-6,535</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>-7,583</td><td>136,417</td><td>22,792</td><td>547,622</td><td>-</td><td>1,171</td></tr></table>
Footnotes at end of Section III.
108
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 5.- Certain Deposit Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th colspan="2">Farm Credit Administration</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board</th></tr><tr><th></th><th></th><th>Banks for cooperatives</th><th>Federal intermediate credit banks</th><th></th><th>Federal home loan banks</th></tr><tr><td colspan="6">INCOME AND EXPENSE</td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities.</td><td>122,978</td><td>1,231</td><td>3,304</td><td>77,924</td><td>40,520</td></tr><tr><td>Other interest income.</td><td>180,244</td><td>32,261</td><td>71,088</td><td>1</td><td>76,895</td></tr><tr><td>Guaranty and insurance premiums.</td><td>74,588</td><td>-</td><td>-</td><td>74,588</td><td>-</td></tr><tr><td>Other major income items.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income.</td><td>65</td><td>39</td><td>4</td><td>6</td><td>16</td></tr><tr><td>Total income.</td><td>377,875</td><td>33,530</td><td>74,396</td><td>152,519</td><td>117,430</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods.</td><td>25,593</td><td>3,576</td><td>4,869</td><td>13,428</td><td>3,720</td></tr><tr><td>Other operating expenses.</td><td>11</td><td>1</td><td>10</td><td>-</td><td>-</td></tr><tr><td>Depreciation.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Administrative expenses.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>139,010</td><td>14,717</td><td>54,879</td><td>-</td><td>69,414</td></tr><tr><td>Other major expense items.</td><td>1,242</td><td>-</td><td>-</td><td>-</td><td>1,242</td></tr><tr><td>Miscellaneous expense.</td><td>458</td><td>-</td><td>*</td><td>101</td><td>356</td></tr><tr><td>Total expense.</td><td>166,314</td><td>18,294</td><td>59,759</td><td>13,529</td><td>74,732</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-1,928</td><td>-</td><td>-</td><td>-1,928</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>16</td><td>-</td><td>-</td><td>-</td><td>16</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-123</td><td>-383</td><td>-315</td><td>-</td><td>576</td></tr><tr><td>Other.</td><td>953</td><td>430</td><td>21</td><td>502</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-1,052</td><td>46</td><td>-294</td><td>-1,426</td><td>592</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>210,479</td><td>15,282</td><td>14,343</td><td>137,564</td><td>43,290</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>-1,771</td><td>-1,771</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>377</td><td>377</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>4</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>745</td><td>-</td><td>-</td><td>745</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-645</td><td>-1,394</td><td>4</td><td>745</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>209,834</td><td>13,888</td><td>14,347</td><td>138,309</td><td>43,290</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>845</td><td>-</td><td>-</td><td>845</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>210,678</td><td>13,888</td><td>14,347</td><td>139,153</td><td>43,290</td></tr><tr><td colspan="6">CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</td></tr><tr><td>Balance at end of previous fiscal year.</td><td>2,550,672</td><td>101,711</td><td>71,480</td><td>2,286,859</td><td>90,621</td></tr><tr><td>Net income, or loss (-).</td><td>210,678</td><td>13,888</td><td>14,347</td><td>139,153</td><td>43,290</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-51,868</td><td>-9,946</td><td>-10,760</td><td>-</td><td>-31,163</td></tr><tr><td>Balance at end of reporting period.</td><td>2,709,482</td><td>105,654</td><td>75,067</td><td>2,426,013</td><td>102,749</td></tr></table>
Footnotes at end of Section III.
December 1962
109
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 26/</th><th>Agriculture Department Farmers' Home Administration State rural rehabilitation funds</th><th>Defense Department Army Department United States Soldiers' Home revolving fund</th><th>Justice Department Federal Prison System Commissary funds, Federal prisons</th><th>General Services Administration National Archives trust fund</th></tr><tr><td colspan="6"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services.</td><td>2,752</td><td>-</td><td>118</td><td>2,348</td><td>285</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities.</td><td>13,424</td><td>26</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Other interest income.</td><td>145,897</td><td>973</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items.</td><td>528,127</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other income.</td><td>4,939</td><td>2</td><td>-</td><td>5</td><td>89</td></tr><tr><td>Total income.</td><td>695,139</td><td>1,001</td><td>118</td><td>2,353</td><td>379</td></tr><tr><td>Expense:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold.</td><td>2,014</td><td>-</td><td>116</td><td>1,878</td><td>21</td></tr><tr><td>Materials applied.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied.</td><td>310</td><td>-</td><td>-</td><td>310</td><td>-</td></tr><tr><td>Other applied expenses.</td><td>20</td><td>-</td><td>-</td><td>20</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods.</td><td>3</td><td>-</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses.</td><td>305</td><td>-</td><td>-</td><td>17</td><td>288</td></tr><tr><td>Depreciation.</td><td>19</td><td>-</td><td>-</td><td>10</td><td>3</td></tr><tr><td>Administrative expenses.</td><td>7,674</td><td>169</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions.</td><td>44</td><td>-</td><td>-</td><td>44</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U. S. Treasury.</td><td>1,378</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>97,421</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major expense items.</td><td>479,226</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Miscellaneous expense.</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total expense.</td><td>588,444</td><td>169</td><td>118</td><td>2,279</td><td>312</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs.</td><td>-266</td><td>-267</td><td>-</td><td>*</td><td>*</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total other gains, or losses (-).</td><td>-275</td><td>-267</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances.</td><td>105,420</td><td>565</td><td>*</td><td>74</td><td>67</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans.</td><td>202</td><td>202</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-852</td><td>-35</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses.</td><td>-650</td><td>167</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period.</td><td>105,771</td><td>732</td><td>*</td><td>74</td><td>67</td></tr><tr><td>Charges (-), or credits, applicable to prior years.</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-).</td><td>105,771</td><td>732</td><td>*</td><td>74</td><td>67</td></tr><tr><td colspan="6"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year.</td><td>237,525</td><td>-2,449</td><td>-</td><td>301</td><td>368</td></tr><tr><td>Net income, or loss (-).</td><td>105,771</td><td>732</td><td>*</td><td>74</td><td>67</td></tr><tr><td>Capital transfers of earnings or profits to the U. S. Treasury (-).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-6,114</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period.</td><td>337,181</td><td>-1,717</td><td>*</td><td>375</td><td>435</td></tr></table>
Footnotes at end of Section III.
(Continued on following page)
110
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II - Income and Expense for the Twelve Months Ended June 30, 1962 Table 6.- Certain Trust Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Housing and Home Finance Agency FIMA Secondary market operations</th><th>Civil Service Commission Employees' health benefits fund</th><th>Civil Service Commission Employees' life insurance fund</th><th>Civil Service Commission Retired employees' health benefits fund</th><th>Federal Communications Commission International telecommunication settlements</th></tr><tr><td colspan="6"><b>INCOME AND EXPENSE</b></td></tr><tr><td>Income:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of goods and services</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>On public debt securities</td><td>-</td><td>1,338</td><td>11,932</td><td>128</td><td>-</td></tr><tr><td>Other interest income</td><td>144,917</td><td>-</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Guaranty and insurance premiums</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other major income items</td><td>10,563</td><td>347,002</td><td>143,740</td><td>26,569</td><td>253</td></tr><tr><td>Other income</td><td>4,818</td><td>-</td><td>24</td><td>-</td><td>-</td></tr><tr><td>Total income</td><td>160,299</td><td>348,340</td><td>155,700</td><td>26,697</td><td>253</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Direct cost of goods and services sold:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cost of commodities sold</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Materials applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wages and salaries applied</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other applied expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase (-), or decrease, in:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work-in-process</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finished goods</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other operating expenses</td><td>-</td><td>3</td><td>2</td><td>1</td><td>-</td></tr><tr><td>Depreciation</td><td>5,582</td><td>1,211</td><td>249</td><td>464</td><td>-</td></tr><tr><td>Administrative expenses</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Grants and contributions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interest expense:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest on borrowings from the U.S. Treasury</td><td>1,378</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>97,417</td><td>-</td><td>-</td><td>4</td><td>-</td></tr><tr><td>Other major expense items</td><td>35,217</td><td>333,402</td><td>84,650</td><td>25,704</td><td>253</td></tr><tr><td>Miscellaneous expense</td><td>21</td><td>-</td><td>9</td><td>-</td><td>-</td></tr><tr><td>Total expense</td><td>139,615</td><td>334,615</td><td>84,910</td><td>26,173</td><td>253</td></tr><tr><td>Other gains, or losses (-):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Gain, or loss (-), on sale of other assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-6</td><td>-</td><td>-2</td><td>*</td></tr><tr><td>Total other gains, or losses (-)</td><td>-</td><td>-6</td><td>-</td><td>-2</td><td>*</td></tr><tr><td>Net income, or loss (-), before change in valuation allowances</td><td>20,683</td><td>13,718</td><td>70,790</td><td>523</td><td>*</td></tr><tr><td>Increase (-), or decrease, in allowances for losses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for losses on loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Allowance for losses on inventories</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-817</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net increase (-), or decrease, in allowances for losses</td><td>-817</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), for the period</td><td>19,867</td><td>13,718</td><td>70,790</td><td>523</td><td>*</td></tr><tr><td>Charge (-), or credits, applicable to prior years</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Net income, or loss (-), transferred to accumulated net income, or deficit (-)</td><td>19,867</td><td>13,718</td><td>70,790</td><td>523</td><td>*</td></tr><tr><td colspan="6"><b>CHANGES IN ACCUMULATED NET INCOME OR DEFICIT</b></td></tr><tr><td>Balance at end of previous fiscal year</td><td>30,012</td><td>10,876</td><td>198,731</td><td>-381</td><td>67</td></tr><tr><td>Net income, or loss (-)</td><td>19,867</td><td>13,718</td><td>70,790</td><td>523</td><td>*</td></tr><tr><td>Capital transfers or earnings or profits to the U.S. Treasury (-)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-6,114</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Balance at end of reporting period</td><td>43,765</td><td>24,593</td><td>269,521</td><td>142</td><td>67</td></tr></table>
Footnotes at end of Section III.
December 1962
111
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III -
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th>Public enterprise revolving funds (See Table 2)</th><th>Intragovernmental revolving funds (See Table 3)</th><th>Certain other activities (See Table 4)</th></tr><tr><td colspan="5">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>7,371,572</td><td>6,181,908</td><td>-</td><td>1,189,664</td></tr><tr><td>Cost of security or collateral acquired.</td><td>442,730</td><td>442,703</td><td>-</td><td>27</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>414,801</td><td>355,707</td><td>36,212</td><td>22,882</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>39,194</td><td>39,194</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>331,120</td><td>311,114</td><td>1,760</td><td>18,246</td></tr><tr><td>Total acquisition of assets.</td><td>8,599,417</td><td>7,330,625</td><td>37,973</td><td>1,230,819</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>15,424,425</td><td>8,692,015</td><td>5,813,144</td><td>919,267</td></tr><tr><td>Increase in selected working capital.</td><td>334,062</td><td>155,990</td><td>38,629</td><td>139,644</td></tr><tr><td>Total funds applied to operations.</td><td>24,357,905</td><td>16,178,630</td><td>5,889,545</td><td>2,280,730</td></tr><tr><td colspan="5">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>3,529,782</td><td>3,164,978 27/</td><td>-</td><td>364,804</td></tr><tr><td>Sale of acquired security or collateral.</td><td>16,122</td><td>16,098</td><td>-</td><td>25</td></tr><tr><td>Sale of fixed assets.</td><td>14,384</td><td>4,943</td><td>3,715</td><td>5,726</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>11,858</td><td>11,858</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>180,936</td><td>69,529</td><td>484</td><td>110,922</td></tr><tr><td>Total realization of assets.</td><td>3,753,082</td><td>3,267,406</td><td>4,198</td><td>481,478</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>14,769,361</td><td>7,715,299</td><td>5,819,172</td><td>1,234,890</td></tr><tr><td>Decrease in selected working capital.</td><td>323,113</td><td>195,282</td><td>80,642</td><td>47,188</td></tr><tr><td>Total funds provided by operations.</td><td>18,845,556</td><td>11,177,987</td><td>5,904,013</td><td>1,763,556</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>5,512,348</td><td>5,000,643</td><td>-14,468</td><td>526,174</td></tr><tr><td colspan="5">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>5,770,690</td><td>3,731,624</td><td>20,300</td><td>2,018,766</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>7,413,601</td><td>7,025,801</td><td>-</td><td>387,800</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>368,362</td><td>291,014</td><td>2</td><td>77,346</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>13,552,654</td><td>11,048,439</td><td>20,303</td><td>2,483,912</td></tr><tr><td>Increase in other borrowings.</td><td>443,043</td><td>443,043</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>87,140</td><td>87,140</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>796,465</td><td>608,858</td><td>145,276</td><td>42,333</td></tr><tr><td>Total funds provided by financing.</td><td>14,879,302</td><td>12,187,480</td><td>165,577</td><td>2,526,245</td></tr><tr><td colspan="5">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>180,840</td><td>79,440</td><td>100,650</td><td>750</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>4,790,374</td><td>4,588,426</td><td>-</td><td>201,948</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>16,789</td><td>10,750</td><td>-</td><td>6,039</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>1,048,228</td><td>112,124</td><td>13,181</td><td>922,924</td></tr><tr><td>General and special fund revenues deposited.</td><td>123,289</td><td>12,569</td><td>-</td><td>110,720</td></tr><tr><td>Other.</td><td>483,659</td><td>310,554</td><td>2</td><td>173,103</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>6,643,179</td><td>5,113,862</td><td>113,832</td><td>1,415,484</td></tr><tr><td>Decrease in borrowings from the public.</td><td>144,062</td><td>144,062</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>278,514</td><td>278,514</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>2,301,199</td><td>1,650,399</td><td>66,213</td><td>584,587</td></tr><tr><td>Total funds applied to financing.</td><td>9,366,953</td><td>7,186,837</td><td>180,045</td><td>2,000,071</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>5,512,348</td><td>5,000,643</td><td>-14,468</td><td>526,174</td></tr></table>
Footnotes at end of Section.
112
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Total 1/</th><th colspan="3">Agency for International Development</th><th colspan="3">Agriculture Department</th></tr><tr><th>Development loans</th><th>Development loan fund liquidation account</th><th>Foreign investment guaranty fund</th><th>Commodity Credit Corporation</th><th>Federal Crop Insurance Corporation 2/</th><th>Farmers' Home Administration Direct loan account</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>6,181,908</td><td>84,809</td><td>345,938</td><td>-</td><td>2,711,660</td><td>-</td><td>235,175</td></tr><tr><td>Cost of security or collateral acquired</td><td>442,703</td><td>-</td><td>-</td><td>-</td><td>76,773</td><td>-</td><td>50</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>355,707</td><td>-</td><td>8</td><td>-</td><td>291</td><td>37</td><td>1</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>39,194</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>311,114</td><td>-</td><td>775</td><td>-</td><td>2,445</td><td>-</td><td>32</td></tr><tr><td>Total acquisition of assets</td><td>7,330,625</td><td>84,809</td><td>346,720</td><td>-</td><td>2,791,168</td><td>37</td><td>235,257</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>8,692,015</td><td>169</td><td>4</td><td>652</td><td>3,030,293</td><td>27,148</td><td>7,763</td></tr><tr><td>Increase in selected working capital</td><td>155,990</td><td>58</td><td>-</td><td>-</td><td>40,396</td><td>261</td><td>51,437</td></tr><tr><td>Total funds applied to operations</td><td>16,178,630</td><td>85,036</td><td>346,725</td><td>652</td><td>5,861,856</td><td>27,446</td><td>294,457</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>3,164,978</td><td>27</td><td>23,069</td><td>-</td><td>936,441</td><td>27</td><td>160,931</td></tr><tr><td>Sale of acquired security or collateral</td><td>16,098</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>63</td></tr><tr><td>Sale of fixed assets</td><td>4,943</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>11,858</td><td>-</td><td>-</td><td>-</td><td>12,593</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>69,529</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>124</td></tr><tr><td>Total realization of assets</td><td>3,267,406</td><td>-</td><td>23,069</td><td>-</td><td>949,034</td><td>-</td><td>161,120</td></tr><tr><td>Capital stock issued to the public</td><td>7,715,299</td><td>278</td><td>28,587</td><td>2,305</td><td>2,428,637</td><td>20,212</td><td>26,677</td></tr><tr><td>Income</td><td>195,282</td><td>-</td><td>23,147</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>11,177,987</td><td>278</td><td>74,803</td><td>2,307</td><td>3,377,672</td><td>20,212</td><td>187,797</td></tr><tr><td>Net affect of operations on expenditures (excess of funds applied, or provided (-))</td><td>5,000,643</td><td>84,758</td><td>271,921</td><td>-1,655</td><td>2,484,185</td><td>7,233</td><td>106,660</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>3,731,624</td><td>1,112,500</td><td>-</td><td>-</td><td>1,017,610</td><td>6,561</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>7,025,801</td><td>-</td><td>-</td><td>-</td><td>4,330,000</td><td>-</td><td>326,000</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>291,014</td><td>-</td><td>-</td><td>27,856</td><td>-</td><td>-11</td><td>36,660</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>11,048,439</td><td>1,112,500</td><td>-</td><td>27,856</td><td>5,347,610</td><td>6,550</td><td>362,660</td></tr><tr><td>Increase in other borrowings</td><td>443,043</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>87,140</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>608,858</td><td>-</td><td>364,200</td><td>-</td><td>10,575</td><td>684</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>12,187,480</td><td>1,112,500</td><td>364,200</td><td>27,856</td><td>5,358,185</td><td>7,233</td><td>362,660</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>79,440</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>4,588,426</td><td>-</td><td>-</td><td>-</td><td>2,874,000</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>10,750</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>112,124</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>12,569</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1</td><td>-</td></tr><tr><td>Other</td><td>310,554</td><td>-</td><td>92,278</td><td>-</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>5,113,862</td><td>-</td><td>92,278</td><td>-</td><td>2,874,000</td><td>*</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>144,062</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>278,514</td><td>-</td><td>-</td><td>29,512</td><td>-</td><td>-</td><td>256,000</td></tr><tr><td>Increase in selected cash and fund balances</td><td>1,650,399</td><td>1,027,742</td><td>-</td><td>-</td><td>-</td><td>-</td><td>256,000</td></tr><tr><td>Total funds applied to financing</td><td>7,186,837</td><td>1,027,742</td><td>92,278</td><td>29,512</td><td>2,874,000</td><td>*</td><td>256,000</td></tr><tr><td>Net affect of financing (excess of funds applied (-), or provided)</td><td>5,000,643</td><td>84,758</td><td>271,921</td><td>-1,655</td><td>2,484,185</td><td>7,233</td><td>106,660</td></tr></table>
Footnotes at end of Section
(Continued on following page)
December 1962
113
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="3">Agriculture Department - (Continued)</th><th colspan="4">Commerce Department</th></tr><tr><th>Farmers' Home Administration - (Continued)</th><th>Emergency credit revolving fund</th><th>Expansion of defense production</th><th>Agricultural credit insurance fund</th><th>Aviation war risk insurance revolving fund</th><th>Area Redevelopment Administration</th><th>Inland Waterways Corporation (in liquidation)</th><th>Maritime Administration Federal ship mortgage insurance fund</th></tr><tr><td colspan="9"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>62,476</td><td>1</td><td>-</td><td>105,102</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td></td><td>15</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>31</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>62,508</td><td></td><td>-</td><td>105,122</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>2,725</td><td>2,001</td><td>2,856</td><td>-</td><td>4</td><td>-</td><td>1</td><td>21</td></tr><tr><td>Increase in selected working capital</td><td>207</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>77</td></tr><tr><td>Total funds applied to operations</td><td>65,440</td><td>2,001</td><td>2,856</td><td>107,122</td><td>5</td><td>7</td><td>1</td><td>97</td></tr><tr><td colspan="9"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>27,887</td><td>6</td><td>-</td><td>108,777</td><td>-</td><td>-</td><td>629</td><td>536</td></tr><tr><td>Sale of acquired security or collateral</td><td></td><td>179</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>68</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>27,962</td><td>185</td><td>-</td><td>108,956</td><td>-</td><td>1</td><td>629</td><td>536</td></tr><tr><td>Capital stock issued to the public</td><td>2,038</td><td>3,308</td><td>2,856</td><td>2,075</td><td>12</td><td>7</td><td>195</td><td>2,859</td></tr><tr><td>Income</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>2,075</td><td>2,856</td><td>-</td><td>12</td><td>7</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>29,999</td><td>5,488</td><td>2,856</td><td>114,339</td><td>12</td><td>8</td><td>854</td><td>3,395</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>35,441</td><td>-7,216</td><td>-</td><td>-7,216</td><td>-7</td><td>-1</td><td>-853</td><td>+3,297</td></tr><tr><td colspan="9"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>33,175</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>-</td><td>33,175</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>35,441</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,147</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>35,441</td><td>33,175</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,147</td><td>-</td></tr><tr><td colspan="9"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>39,145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,400</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,000</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>-</td><td>39,145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,000</td><td>1,400</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>1,246</td><td>-</td><td>-</td><td>7</td><td>1</td><td>-</td><td>1,897</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>-</td><td>40,391</td><td>-</td><td>-</td><td>7</td><td>1</td><td>3,000</td><td>3,297</td></tr><tr><td>Net effect of financing (excess of funds applied (-) or provided)</td><td>35,441</td><td>-7,216</td><td>-</td><td>-7,216</td><td>-7</td><td>-1</td><td>-853</td><td>-3,297</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
114
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Commerce Dept. - (Continued)</th><th colspan="3">Defense Department</th><th>HEW Department</th></tr><tr><th></th><th>Maritime Admin. - (Continued)</th><th>War risk insurance revolving fund</th><th>Air Force Department</th><th>Army Department</th><th>Navy Department</th><th>Office of Civil Defense</th><th>Public Health Service</th></tr><tr><th></th><th colspan="6">Defense production guarantees</th><th>Civil defense procurement fund</th><th>Operation of commissaries, narcotic hospitals</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td>5,894</td><td>49</td><td>5,730</td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>-</td><td>-</td><td>5,894</td><td>49</td><td>5,750</td><td>-</td><td>1</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>6,267</td><td>38</td><td>74</td><td>34</td><td>45</td><td>127</td><td>242</td></tr><tr><td>Increase in selected working capital.</td><td>63</td><td>52</td><td>-</td><td>-</td><td>-</td><td>50</td><td>5</td></tr><tr><td>Total funds applied to operations.</td><td>6,330</td><td>90</td><td>5,968</td><td>83</td><td>5,795</td><td>177</td><td>248</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>-</td><td>-</td><td>9,095</td><td>139</td><td>2,279</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>-</td><td>-</td><td>9,095</td><td>139</td><td>2,296</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>5,186</td><td>637</td><td>627</td><td>77</td><td>472</td><td>127</td><td>246</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>5,186</td><td>637</td><td>9,723</td><td>216</td><td>2,767</td><td>127</td><td>246</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>1,144</td><td>-547</td><td>-3,754</td><td>-133</td><td>3,028</td><td>50</td><td>2</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,500</td><td>-</td></tr><tr><td>Total increase in investment of the U.S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,500</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>1,144</td><td>-</td><td>-</td><td>-</td><td>3,028</td><td>-</td><td>2</td></tr><tr><td>Total funds provided by financing.</td><td>1,144</td><td>-</td><td>-</td><td>-</td><td>3,028</td><td>1,500</td><td>2</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U.S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>547</td><td>3,754</td><td>133</td><td>-</td><td>1,450</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>547</td><td>3,754</td><td>133</td><td>-</td><td>1,450</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>1,144</td><td>-547</td><td>-3,754</td><td>-133</td><td>3,028</td><td>50</td><td>2</td></tr></table>
(Continued on following page)
December 1962
115
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">Bureau of Indian Affairs</th><th colspan="2">Office of Territories</th><th rowspan="2">Alaska Railroad Revolving fund</th><th rowspan="2">Bureau of Mines Development and operation of helium properties</th><th rowspan="2">Bur. of Com. Fisheries Federal ship mortgage insurance fund, fishing vessels</th></tr><tr><th>Revolving fund for loans</th><th>Liquidation of Hoonah housing project</th><th>Loans to private trading enterprises</th><th>Alaska Railroad revolving fund</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made.</td><td>-</td><td>4,370</td><td>-</td><td>70</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>1,707</td><td>11,184</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>1,105</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>13</td><td>4,370</td><td>3</td><td>70</td><td>1,707</td><td>12,289</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>3,827</td><td>46</td><td>*</td><td>-</td><td>12,034</td><td>5,946</td><td>-</td></tr><tr><td>Increase in selected working capital.</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,148</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>3,871</td><td>4,416</td><td>3</td><td>70</td><td>13,741</td><td>19,384</td><td>-</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>-</td><td>2,258</td><td>2</td><td>58</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>80</td><td>30</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>134</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>-</td><td>2,258</td><td>2</td><td>58</td><td>214</td><td>30</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>4,033</td><td>371</td><td>3</td><td>5</td><td>14,429</td><td>18,399</td><td>6</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>582</td><td>-</td><td>2</td></tr><tr><td>Total funds provided by operations.</td><td>4,033</td><td>2,629</td><td>5</td><td>63</td><td>15,224</td><td>18,429</td><td>9</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>-162</td><td>1,786</td><td>-3</td><td>6</td><td>-1,483</td><td>955</td><td>-9</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Government: Appropriations enacted.</td><td>-</td><td>4,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>-</td><td>4,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>955</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>-</td><td>4,000</td><td>-</td><td>6</td><td>-</td><td>955</td><td>-</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government: Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>162</td><td>2,214</td><td>3</td><td>-</td><td>1,483</td><td>-</td><td>9</td></tr><tr><td>Total funds applied to financing.</td><td>162</td><td>2,214</td><td>3</td><td>-</td><td>1,483</td><td>-</td><td>9</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-162</td><td>1,786</td><td>-3</td><td>6</td><td>-1,483</td><td>955</td><td>-9</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
116
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Bureau of Commercial Fisheries - (Continued) Fisheries loan fund</th><th>Bureau of Reclamation Fund for emergency expenses, Fort Peck project, Mont.</th><th>Upper Colorado River Basin fund</th><th>Virgin Islands Corporation</th><th>Expansion of defense production</th><th>Bureaus of Employment Security Advances to unemployment trust fund 2/</th><th>Farm labor supply revolving fund</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>2,614</td><td>-</td><td>-</td><td>7</td><td>10</td><td>320,312</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>26</td><td>-</td><td>-</td><td>2,185</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>3</td><td>199</td><td>9,920</td><td>-</td><td>-</td><td>-</td><td>49</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>85,130</td><td>-22</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.(excluding depreciation and other expenses)</td><td>2,643</td><td>199</td><td>95,050</td><td>2,170</td><td>10</td><td>320,312</td><td>49</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>222</td><td>1,184</td><td>65</td><td>3,865</td><td>940</td><td>-</td><td>2,519</td></tr><tr><td>Increase in selected working capital.</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>194</td></tr><tr><td>Total funds applied to operations.</td><td>2,894</td><td>1,383</td><td>95,115</td><td>6,035</td><td>950</td><td>320,312</td><td>2,762</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>1,623</td><td>-</td><td>-</td><td>80</td><td>370</td><td>285,400</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>1,627</td><td>-</td><td>-</td><td>113</td><td>370</td><td>285,400</td><td>1</td></tr><tr><td>Capital stock issued to the public.</td><td>302</td><td>3,362</td><td>7</td><td>3,788</td><td>-</td><td>3,424</td><td>3,128</td></tr><tr><td>Income.</td><td>-</td><td>106</td><td>2,638</td><td>517</td><td>840</td><td>47</td><td>-</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>1,930</td><td>3,468</td><td>2,644</td><td>4,418</td><td>1,210</td><td>288,871</td><td>3,129</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>964</td><td>-2,085</td><td>92,471</td><td>1,617</td><td>-260</td><td>31,440</td><td>-366</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>54</td><td>52,534</td><td>-</td><td>-</td><td>20,000</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>350</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>307</td><td>-</td><td>2,248</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>-</td><td>361</td><td>52,534</td><td>2,598</td><td>-</td><td>20,000</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>964</td><td>124</td><td>40,012</td><td>29</td><td>740</td><td>11,440</td><td>1,152</td></tr><tr><td>Total funds provided by financing.</td><td>964</td><td>485</td><td>92,546</td><td>2,627</td><td>740</td><td>31,440</td><td>1,152</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,000</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>2,570</td><td>-</td><td>1,010</td><td>-</td><td>-</td><td>1,518</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>2,570</td><td>75</td><td>1,010</td><td>1,000</td><td>-</td><td>1,518</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>2,570</td><td>75</td><td>1,010</td><td>1,000</td><td>-</td><td>1,518</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>964</td><td>-2,085</td><td>92,471</td><td>1,617</td><td>-260</td><td>31,440</td><td>-366</td></tr></table>
Footnotee at end of Section.
(Continued on following page)
December 1962
117
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section II
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Post Office Department</th><th colspan="3">Office of the Secretary</th><th>Bureau of Accounts</th><th>Office of the Treasurer</th><th>Expansion of defense production</th></tr><tr><th></th><th>Postal fund</th><th>RFC liquidation fund</th><th>Federal Farm Mortgage Corporation liquidation fund</th><th>Civil defense loans</th><th>Fund for payment of Government losses in shipment</th><th>Treasurer of the U.S., check forgery insurance fund</th><th></th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>11,781</td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>111,871</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>4,578</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>116,449</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11,781</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>4,286,408</td><td>33</td><td>1</td><td>16</td><td>67</td><td>263</td><td>3,633</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>-</td><td>*</td><td>2</td><td>-</td><td>-</td><td>587</td></tr><tr><td>Total funds applied to operations.</td><td>4,402,856</td><td>33</td><td>1</td><td>18</td><td>67</td><td>263</td><td>16,001</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td>11,997</td></tr><tr><td>Repayment of loans.</td><td>-</td><td>980</td><td>934</td><td>107</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>3,140</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>3,140</td><td>980</td><td>934</td><td>107</td><td>*</td><td>-</td><td>11,997</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>3,618,793</td><td>402</td><td>34</td><td>49</td><td>-</td><td>263</td><td>6,437</td></tr><tr><td>Decrease in selected working capital.</td><td>46,748</td><td>31</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>3,668,680</td><td>1,413</td><td>968</td><td>156</td><td>*</td><td>263</td><td>18,435</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>734,176</td><td>-1,380</td><td>-967</td><td>-138</td><td>67</td><td>*</td><td>-2,434</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>811,459</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11,900</td></tr><tr><td>Borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U.S. Government.</td><td>811,459</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11,900</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>1,120</td><td>197</td><td>2</td><td>67</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>811,459</td><td>1,120</td><td>197</td><td>2</td><td>67</td><td>-</td><td>11,900</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>37,720</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>140</td><td>-</td><td>-</td><td>13,950</td></tr><tr><td>Repayment of capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U.S. Treasury.</td><td>-</td><td>-</td><td>1,075</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>2,500</td><td>86</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U.S. Government.</td><td>37,720</td><td>2,500</td><td>1,160</td><td>140</td><td>-</td><td>-</td><td>13,950</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>384</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>39,563</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>77,283</td><td>2,500</td><td>1,164</td><td>140</td><td>-</td><td>*</td><td>14,334</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>734,176</td><td>-1,380</td><td>-967</td><td>-138</td><td>67</td><td>*</td><td>-2,434</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
118
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962 Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="5">General Services Administration</th><th colspan="2">Housing and Home Finance Agency</th></tr><tr><th>Abeaca fiber program</th><th>Federal Facilities Corporation 12/</th><th>Reconstruction Finance Corporation liquidation fund</th><th>Expansion of defense production</th><th>Defense production guarantees</th><th>Office of the Administrator College housing loans</th><th>Public facility loans</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>245,850</td><td>19,684</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>-</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>-</td><td>-</td><td>-</td><td>9</td><td>-</td><td>245,850</td><td>19,684</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>2</td><td>1,655</td><td>8,305</td><td>129,894</td><td>3</td><td>30,339</td><td>3,197</td></tr><tr><td>Increase in selected working capital</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>2</td><td>1,655</td><td>8,305</td><td>129,904</td><td>3</td><td>276,189</td><td>22,881</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>15,640</td><td>559</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>532</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>-</td><td>6</td><td>2</td><td>532</td><td>-</td><td>15,640</td><td>559</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>59</td><td>324</td><td>38,204</td><td>65</td><td>30,975</td><td>2,790</td></tr><tr><td>Income</td><td>-</td><td>1,612</td><td>8,151</td><td>61,970</td><td>26</td><td>2,233</td><td>101</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>-</td><td>1,678</td><td>8,477</td><td>100,706</td><td>91</td><td>48,848</td><td>3,450</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>2</td><td>-23</td><td>-172</td><td>29,198</td><td>-88</td><td>227,341</td><td>19,431</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>30,000</td><td>-</td><td>248,894</td><td>19,786</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>5,019</td><td>-</td><td>-</td><td>10,564</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>35,019</td><td>-</td><td>248,894</td><td>30,350</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>2</td><td>34</td><td>528</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>2</td><td>34</td><td>528</td><td>35,019</td><td>-</td><td>248,894</td><td>30,350</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>5,000</td><td>-</td><td>9,710</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>57</td><td>700</td><td>13</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>-</td><td>57</td><td>700</td><td>5,013</td><td>-</td><td>9,710</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>-</td><td>-</td><td>808</td><td>88</td><td>11,843</td><td>10,919</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>-</td><td>57</td><td>700</td><td>5,821</td><td>88</td><td>21,553</td><td>10,919</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>2</td><td>-23</td><td>-172</td><td>29,198</td><td>-88</td><td>227,341</td><td>19,431</td></tr></table>
Footnotes at end of Section
(Continued on following page)
December 1962
119
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962 Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="5">Office of the Administrator - (Continued)</th><th colspan="2">Federal National Mortgage Association</th></tr><tr><th>Public works planning fund</th><th>Liquidating programs</th><th>Urban renewal fund</th><th>Community disposal operations fund</th><th>Housing for the elderly</th><th>Special assistance functions</th><th>Management and liquidating functions</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>156,878</td><td>1,194</td><td>4,873</td><td>206,884</td><td>671</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>107</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>12,030</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>12,030</td><td>*</td><td>156,878</td><td>1,194</td><td>4,873</td><td>206,884</td><td>778</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>2</td><td>282</td><td>167,339</td><td>133</td><td>512</td><td>80,202</td><td>51,508</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>12</td><td>62</td><td>-</td><td>7,995</td></tr><tr><td>Total funds applied to operations.</td><td>12,032</td><td>282</td><td>324,217</td><td>1,339</td><td>5,447</td><td>287,086</td><td>60,282</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>-</td><td>1,651</td><td>92,769</td><td>1,734</td><td>-</td><td>128,681</td><td>171,186</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>42</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>4,295</td><td>175</td><td>-</td><td>1,456</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>4,295</td><td>1,868</td><td>92,769</td><td>3,190</td><td>-</td><td>128,681</td><td>171,193</td></tr><tr><td>Capital stock issued to the public.</td><td>1</td><td>1,021</td><td>4,005</td><td>225</td><td>52</td><td>94,715</td><td>66,002</td></tr><tr><td>Decrease in selected working capital.</td><td>1</td><td>3,044</td><td>494</td><td>-</td><td>-</td><td>10,131</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>4,297</td><td>5,933</td><td>97,269</td><td>3,415</td><td>52</td><td>233,527</td><td>237,195</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>7,734</td><td>-5,651</td><td>226,949</td><td>-2,076</td><td>5,395</td><td>53,559</td><td>-176,914</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increases in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>8,000</td><td>-</td><td>200,234</td><td>-</td><td>60,000</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>95,000</td><td>-</td><td>-</td><td>180,368</td><td>143,032</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>8,000</td><td>-</td><td>295,234</td><td>-</td><td>60,000</td><td>180,368</td><td>143,032</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,230</td><td>4,188</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>8,000</td><td>-</td><td>295,234</td><td>-</td><td>60,000</td><td>183,598</td><td>147,220</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>98,475</td><td>260,176</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>5,000</td><td>-</td><td>1,500</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,000</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>5,000</td><td>-</td><td>1,500</td><td>-</td><td>98,475</td><td>300,176</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>30,206</td><td>21</td></tr><tr><td>Increase in investment holdings.</td><td>266</td><td>647</td><td>68,286</td><td>576</td><td>54,605</td><td>1,358</td><td>4,633</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>266</td><td>5,651</td><td>68,286</td><td>2,076</td><td>54,605</td><td>130,039</td><td>324,133</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>7,734</td><td>-5,651</td><td>226,949</td><td>-2,076</td><td>5,395</td><td>53,559</td><td>-176,914</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
120
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="2">Housing and Home Finance Agency - (Continued)</th><th colspan="5">Veterans' Administration</th></tr><tr><th></th><th>Federal Housing Administration</th><th>Public Housing Administration</th><th>Canteen service revolving fund</th><th>Direct loans to veterans and reserves</th><th>Loan guaranty revolving fund</th><th>Rental, maintenance, and repair of quarters</th><th>Service-disabled veterans' insurance fund</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>171,304</td><td>-</td><td>207,038</td><td>13,797</td><td>-</td><td>884</td></tr><tr><td>Cost of security or collateral acquired.</td><td>362,462</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>952</td><td>155</td><td>823</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>14</td><td>-</td><td>-</td><td>-</td><td>199,094</td><td>4</td><td>9</td></tr><tr><td>Other</td><td>-</td><td>35</td><td>-</td><td>68</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>363,428</td><td>171,495</td><td>823</td><td>207,106</td><td>212,892</td><td>4</td><td>893</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>85,536</td><td>175,712</td><td>43,885</td><td>45,721</td><td>22,045</td><td>83</td><td>6,747</td></tr><tr><td>Increase in selected working capital</td><td>45,738</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>173</td></tr><tr><td>Total funds applied to operations</td><td>494,702</td><td>347,207</td><td>44,708</td><td>252,827</td><td>234,937</td><td>88</td><td>7,812</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>171,720</td><td>-</td><td>70,954</td><td>50,471</td><td>-</td><td>325</td></tr><tr><td>Sale of acquired security or collateral</td><td>10,257</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>19</td><td>31</td><td>37</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>22,815</td><td>35</td><td>-</td><td>19,488</td><td>-</td><td>-</td><td>7</td></tr><tr><td>Total realization of assets</td><td>33,113</td><td>171,786</td><td>37</td><td>90,442</td><td>50,471</td><td>-</td><td>331</td></tr><tr><td>Capital stock issued to the public</td><td>262,371</td><td>5,424</td><td>44,860</td><td>63,429</td><td>31,830</td><td>85</td><td>6,771</td></tr><tr><td>Income</td><td>-</td><td>5,167</td><td>164</td><td>6,182</td><td>9,114</td><td>1</td><td>-</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>295,483</td><td>182,376</td><td>45,061</td><td>160,053</td><td>91,415</td><td>87</td><td>7,102</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>199,218</td><td>164,830</td><td>-353</td><td>92,774</td><td>143,522</td><td>1</td><td>710</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>178,968</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>89,000</td><td>-</td><td>200,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>206,871</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>348,043</td><td>267,968</td><td>-</td><td>200,000</td><td>206,871</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>32,198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>99,645</td><td>-</td><td>11</td><td>710</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>380,241</td><td>267,968</td><td>-</td><td>299,645</td><td>206,871</td><td>11</td><td>710</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>5,726</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>89,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>462</td><td>35</td><td>-</td><td>-</td><td>10</td><td>-</td></tr><tr><td>General and special fund revenue deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>206,871</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>144,016</td><td>95,188</td><td>35</td><td>206,871</td><td>-</td><td>10</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>37,007</td><td>7,949</td><td>318</td><td>-</td><td>63,349</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>181,023</td><td>103,138</td><td>353</td><td>206,871</td><td>63,349</td><td>10</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>199,218</td><td>164,830</td><td>-353</td><td>92,774</td><td>143,522</td><td>1</td><td>710</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
December 1962
121
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="3">Veterans' Administration - (Continued)</th><th colspan="2">Export-Import Bank of Washington</th><th>Form Credit Administration</th></tr><tr><th></th><th>Soldiers' and sailors' civil relief</th><th>Veterans' special term insurance fund</th><th>Vocational rehabilitation revolving fund</th><th>Regular lending activities</th><th>Liquidation of certain Reconstruction Finance Corporation assets</th><th>Expansion of defense production</th><th>Short-term credit investment fund</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.....................</td><td>3</td><td>703</td><td>226</td><td>942,735</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.....................</td><td>-</td><td>-</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,900</td></tr><tr><td>Other.....................</td><td>-</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.....................</td><td>3</td><td>717</td><td>226</td><td>942,768</td><td>-</td><td>-</td><td>3,900</td></tr><tr><td>Operating and other expenses (excluding depreciation).....................</td><td>19</td><td>44,223</td><td>-</td><td>59,558</td><td>1</td><td>109</td><td>-</td></tr><tr><td>Increase in selected working capital.....................</td><td>125</td><td>-</td><td>-</td><td>7,248</td><td>*</td><td>31</td><td>-</td></tr><tr><td>Total funds applied to operations.....................</td><td>147</td><td>44,940</td><td>226</td><td>1,009,574</td><td>1</td><td>139</td><td>3,900</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.....................</td><td>2</td><td>138</td><td>240</td><td>743,141</td><td>3</td><td>13,642</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.....................</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.....................</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>1,382</td><td>365</td></tr><tr><td>Other.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.....................</td><td>2</td><td>149</td><td>240</td><td>743,141</td><td>3</td><td>15,023</td><td>365</td></tr><tr><td>Capital stock issued to the public.....................</td><td>3</td><td>30,283</td><td>-</td><td>165,343</td><td>*</td><td>408</td><td>-</td></tr><tr><td>Decrease in selected working capital.....................</td><td>-</td><td>493</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.....................</td><td>5</td><td>30,925</td><td>241</td><td>908,484</td><td>3</td><td>15,431</td><td>365</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).....................</td><td>142</td><td>14,015</td><td>-15</td><td>101,089</td><td>-3</td><td>-15,292</td><td>3,535</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.....................</td><td>-</td><td>-</td><td>-</td><td>1,315,500</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.....................</td><td>-</td><td>-</td><td>-</td><td>1,315,500</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.....................</td><td>-</td><td>18,324</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.....................</td><td>142</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,535</td></tr><tr><td>Total funds provided by financing.....................</td><td>142</td><td>18,324</td><td>-</td><td>1,315,500</td><td>-</td><td>-</td><td>3,535</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, reenacted, or transferred.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.....................</td><td>-</td><td>-</td><td>-</td><td>1,183,900</td><td>-</td><td>10,273</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.....................</td><td>-</td><td>4,000</td><td>-</td><td>30,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,019</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.....................</td><td>-</td><td>4,000</td><td>-</td><td>1,213,900</td><td>-</td><td>15,292</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.....................</td><td>-</td><td>309</td><td>15</td><td>511</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.....................</td><td>-</td><td>4,309</td><td>15</td><td>1,214,411</td><td>3</td><td>15,292</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).....................</td><td>142</td><td>14,015</td><td>-15</td><td>101,089</td><td>-3</td><td>-15,292</td><td>3,535</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
122
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Farm Credit Administration-(Continued) Banks for cooperatives investment fund</th><th>Federal Home Loan Bank Board Revolving fund</th><th>Federal Savings and Loan Insurance Corporation</th><th>Home Owners' Loan Corporation (liquidated)</th><th>Panama Canal Company</th><th>Saint Lawrence Seaway Development Corporation</th><th>Small Business Administration Revolving fund</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>313,109</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>490</td><td>-</td><td>-</td><td>-</td><td>662</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>48</td><td>25</td><td>-</td><td>16,081</td><td>742</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35,281</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>429</td></tr><tr><td>Total acquisition of assets (excluding operating and other expenses (excluding depreciation)</td><td>-</td><td>48</td><td>515</td><td>-</td><td>16,086</td><td>742</td><td>349,482</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>11,314</td><td>2,690</td><td>2</td><td>87,005</td><td>5,895</td><td>40,418</td></tr><tr><td>Total funds applied to operations</td><td>-</td><td>11,363</td><td>3,205</td><td>2</td><td>103,092</td><td>6,637</td><td>389,900</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>127,513</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>4,141</td><td>-</td><td>-</td><td>-</td><td>1,301</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>1</td><td>-</td><td>95</td><td>*</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>11,470</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,107</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>130,921</td></tr><tr><td>Total realization of assets</td><td>11,470</td><td>-</td><td>4,142</td><td>-</td><td>95</td><td>*</td><td>130,921</td></tr><tr><td>Capital stock issued to the public</td><td>-</td><td>12,235</td><td>235,248</td><td>-</td><td>100,833</td><td>5,782 28/3</td><td>30,772</td></tr><tr><td>Income</td><td>-</td><td>136</td><td>98</td><td>-</td><td>439</td><td>318</td><td>4,492</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>11,470</td><td>12,371</td><td>239,488</td><td>-</td><td>101,368</td><td>6,101</td><td>166,185</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-11,470</td><td>-1,008</td><td>-236,283</td><td>2</td><td>1,724</td><td>536</td><td>223,715</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>600</td><td>220,000</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>600</td><td>220,000</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>23</td><td>1,724</td><td>-</td><td>3,715</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>24,449</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>24,449</td><td>-</td><td>-</td><td>23</td><td>1,724</td><td>600</td><td>223,715</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>35,919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>501</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>35,919</td><td>501</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>229,000</td><td>21</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>507</td><td>7,283</td><td>-</td><td>-</td><td>64</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>35,919</td><td>1,008</td><td>236,283</td><td>21</td><td>-</td><td>64</td><td>-</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-11,470</td><td>-1,008</td><td>-236,283</td><td>2</td><td>1,724</td><td>536</td><td>223,715</td></tr></table>
(Continued on following page)
Footnotes at end of Section.
December 1962
123
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Small Business Administration - (Continued) RFC liquidation fund</th><th>Tennessee Valley Authority</th><th>United States Information Agency Informational media guaranty fund</th></tr><tr><td colspan="4">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made....................</td><td>78</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>40</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets............</td><td>-</td><td>201,447</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises............</td><td>-</td><td>-</td><td>5,310</td></tr><tr><td>Other....................</td><td>14</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets....................</td><td>131</td><td>201,447</td><td>5,310</td></tr><tr><td>Operating and other expenses (excluding depreciation)....................</td><td>431</td><td>185,099</td><td>619</td></tr><tr><td>Increase in selected working capital....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations....................</td><td>563</td><td>386,546</td><td>5,929</td></tr><tr><td colspan="4">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans....................</td><td>1,010</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral....................</td><td>147</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets....................</td><td>-</td><td>926</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other....................</td><td>3</td><td>530</td><td>4,258</td></tr><tr><td>Total realization of assets....................</td><td>1,159</td><td>1,456</td><td>4,258</td></tr><tr><td>Capital stock issued to the public....................</td><td>200</td><td>280,979</td><td>281</td></tr><tr><td>Decrease in selected working capital....................</td><td>142</td><td>1,142</td><td>7</td></tr><tr><td>Total funds provided by operations....................</td><td>1,501</td><td>283,577</td><td>4,546</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-938</td><td>102,969</td><td>1,383</td></tr><tr><td colspan="4">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government: Appropriations enacted....................</td><td>-</td><td>38,203</td><td>1,500</td></tr><tr><td>Borrowings from the U. S. Treasury....................</td><td>-</td><td>-</td><td>2,197</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government....................</td><td>-</td><td>38,203</td><td>3,697</td></tr><tr><td>Increase in other borrowings....................</td><td>-</td><td>95,000</td><td>-</td></tr><tr><td>Decrease in investment holdings....................</td><td>-</td><td>29,200</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances....................</td><td>312</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing....................</td><td>312</td><td>162,403</td><td>3,697</td></tr><tr><td colspan="4">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government: Appropriations lapsed, rescinded, or transferred....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury....................</td><td>-</td><td>-</td><td>2,256</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury....................</td><td>1,250</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury....................</td><td>-</td><td>36,542</td><td>-</td></tr><tr><td>General and special fund revenues deposited....................</td><td>-</td><td>10,000</td><td>-</td></tr><tr><td>Other....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government....................</td><td>1,250</td><td>46,542</td><td>2,256</td></tr><tr><td>Decrease in borrowings from the public....................</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings....................</td><td>-</td><td>-</td><td>58</td></tr><tr><td>Increase in selected cash and fund balances....................</td><td>-</td><td>12,892</td><td>-</td></tr><tr><td>Total funds applied to financing....................</td><td>1,250</td><td>59,434</td><td>2,314</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-938</td><td>102,969</td><td>1,383</td></tr></table>
124
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th>Legislative Branch Government Printing Office</th><th>Agency for International Development Acquisition of property revolving fund 2/</th><th>Agriculture Department Agricultural Research Service Working capital fund</th><th>Forest Service Working capital fund</th><th>Working capital fund</th><th>Commerce Dept. National Bureau of Standards Working capital fund</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets: Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>36,212</td><td>1,396</td><td>-</td><td>51</td><td>5,242</td><td>72</td><td>4,025</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>1,760</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>317</td></tr><tr><td>Total acquisition of assets (excluding depreciation).</td><td>37,973</td><td>1,396</td><td>-</td><td>51</td><td>5,242</td><td>72</td><td>4,342</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>5,813,144</td><td>117,968</td><td>-</td><td>3,988</td><td>21,745</td><td>3,478</td><td>41,173</td></tr><tr><td>Increase in selected working capital.</td><td>38,429</td><td>5,149</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>5,889,545</td><td>124,513</td><td>-</td><td>4,039</td><td>26,987</td><td>3,550</td><td>45,514</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets: Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>3,715</td><td>59</td><td>-</td><td>2</td><td>740</td><td>4</td><td>51</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>4,84</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>4,198</td><td>59</td><td>-</td><td>2</td><td>740</td><td>4</td><td>61</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>5,819,172</td><td>127,054</td><td>-</td><td>4,043</td><td>25,202</td><td>3,606</td><td>44,353</td></tr><tr><td>Decrease in selected working capital.</td><td>80,642</td><td>-</td><td>-</td><td>112</td><td>435</td><td>111</td><td>195</td></tr><tr><td>Total funds provided by operations.</td><td>5,904,013</td><td>127,113</td><td>-</td><td>4,156</td><td>26,377</td><td>3,721</td><td>44,609</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-)).</td><td>-14,468</td><td>-2,600</td><td>-</td><td>-117</td><td>610</td><td>-172</td><td>906</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>20,300</td><td>-</td><td>5,000</td><td>-</td><td>-</td><td>-</td><td>1,700</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>20,303</td><td>-</td><td>5,000</td><td>-</td><td>-</td><td>-</td><td>1,703</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>145,274</td><td>2,594</td><td>-</td><td>-</td><td>610</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>165,577</td><td>2,594</td><td>5,000</td><td>-</td><td>610</td><td>-</td><td>1,703</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>100,650</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>13,181</td><td>5,195</td><td>-</td><td>-</td><td>-</td><td>-</td><td>39</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>113,832</td><td>5,195</td><td>-</td><td>-</td><td>-</td><td>-</td><td>39</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>66,213</td><td>-</td><td>5,000</td><td>117</td><td>-</td><td>172</td><td>758</td></tr><tr><td>Total funds applied to financing.</td><td>180,045</td><td>5,195</td><td>5,000</td><td>117</td><td>-</td><td>172</td><td>797</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-14,468</td><td>-2,600</td><td>-</td><td>-117</td><td>610</td><td>-172</td><td>906</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
December 1962
125
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th rowspan="2">Commerce Department - (Continued) Working capital fund</th><th colspan="5">Defense Department</th><th rowspan="2">HEW Department Public Health Service Service and supply fund</th></tr><tr><th>Air Force Department Stock fund</th><th>Air Force Department Industrial fund</th><th>Army Department Industrial fund</th><th>Army Department Corps of Engineers</th><th>Navy Department Industrial fund</th></tr><tr><td colspan="8"><b>FUNDS APPLIED TO OPERATIONS</b></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>32</td><td>-</td><td>-</td><td>-</td><td>10,528</td><td>-</td><td>12</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>1,325</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>32</td><td>-</td><td>-</td><td>1,325</td><td>10,528</td><td>-</td><td>12</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>2,252</td><td>1,327,971</td><td>405,779</td><td>730,914</td><td>237,399</td><td>1,881,621</td><td>8,891</td></tr><tr><td>Increase in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,616</td><td>25,311</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>2,284</td><td>1,327,971</td><td>405,779</td><td>732,339</td><td>249,543</td><td>1,906,932</td><td>8,904</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY OPERATIONS</b></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1,233</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1,233</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>-</td><td>1,315,309</td><td>406,821</td><td>732,105</td><td>247,426</td><td>1,884,448</td><td>8,724</td></tr><tr><td>Income.</td><td>2,353</td><td>36,675</td><td>15,800</td><td>6,404</td><td>-</td><td>-</td><td>256</td></tr><tr><td>Decrease in selected working capital.</td><td>37</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>2,391</td><td>1,351,984</td><td>422,621</td><td>738,509</td><td>248,659</td><td>1,884,448</td><td>8,980</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-107</td><td>-24,012</td><td>-16,842</td><td>-6,270</td><td>884</td><td>22,484</td><td>-77</td></tr><tr><td colspan="8"><b>FUNDS PROVIDED BY FINANCING</b></td></tr><tr><td>Increase in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U.S. Government.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>94,380</td><td>884</td><td>22,484</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>-</td><td>-</td><td>-</td><td>94,380</td><td>884</td><td>22,484</td><td>-</td></tr><tr><td colspan="8"><b>FUNDS APPLIED TO FINANCING</b></td></tr><tr><td>Decrease in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>100,650</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U.S. Government.</td><td>-</td><td>-</td><td>-</td><td>100,650</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>107</td><td>24,012</td><td>16,842</td><td>-</td><td>-</td><td>-</td><td>77</td></tr><tr><td>Increase in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>107</td><td>24,012</td><td>16,842</td><td>100,650</td><td>-</td><td>-</td><td>77</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-107</td><td>-24,012</td><td>-16,842</td><td>-6,270</td><td>884</td><td>22,484</td><td>-77</td></tr></table>
(Continued on following page)
126
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
- Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th rowspan="2">Account</th><th colspan="2">HEW Department - (Continued)</th><th rowspan="2">Interior Department Office of the Secretary Working capital fund</th><th rowspan="2">Justice Department Federal Prison Industries, Inc.</th><th rowspan="2">Labor Department Office of the Secretary Working capital fund</th><th colspan="2">Treasury Department</th></tr><tr><th>P.H.S.-(Cont.) Narcotic hospitals Working capital fund</th><th>Office of the Secretary Working capital fund</th><th>Bureau of Engraving and Printing</th><th>United States Coast Guard Supply fund</th></tr><tr><td colspan="8">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>26</td><td>36</td><td>16</td><td>2,755</td><td>27</td><td>740</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>26</td><td>54</td><td>16</td><td>2,755</td><td>27</td><td>740</td><td>-</td></tr><tr><td>Operating and other "expenses (excluding depreciation)</td><td>900</td><td>2,248</td><td>1,927</td><td>32,182</td><td>2,276</td><td>23,994</td><td>16,003</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td><td>382</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>926</td><td>2,302</td><td>1,960</td><td>34,937</td><td>2,303</td><td>25,116</td><td>16,003</td></tr><tr><td colspan="8">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>22</td><td>*</td><td>1</td><td>-</td><td>-</td><td>4</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets</td><td>22</td><td>*</td><td>1</td><td>-</td><td>*</td><td>4</td><td>-</td></tr><tr><td>Capital stock issued to the public</td><td>967</td><td>2,353</td><td>1,930</td><td>38,854</td><td>2,409</td><td>25,132</td><td>16,046</td></tr><tr><td>Income</td><td>41</td><td>24</td><td>-</td><td>385</td><td>53</td><td>-</td><td>226</td></tr><tr><td>Decrease in selected working capital</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations</td><td>1,031</td><td>2,378</td><td>1,931</td><td>39,239</td><td>2,462</td><td>25,136</td><td>16,272</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-104</td><td>-75</td><td>29</td><td>-4,302</td><td>-159</td><td>-20</td><td>-269</td></tr><tr><td colspan="8">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>-</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="8">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>4,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>-</td><td>-</td><td>-</td><td>4,000</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>104</td><td>75</td><td>-</td><td>302</td><td>158</td><td>20</td><td>269</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>104</td><td>75</td><td>-</td><td>4,302</td><td>159</td><td>20</td><td>269</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>-104</td><td>-75</td><td>29</td><td>-4,302</td><td>-159</td><td>-20</td><td>-269</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
December 1962
127
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Treasury Department - (Continued) United States Coast Guard - (Continued) Yard fund</th><th>Administrative expenses, foreign aid procurements</th><th>Buildings management fund</th><th>General supply fund</th><th>Construction services, public buildings</th><th>Working capital fund</th><th>Veterans' Administration Supply fund</th><th>Civil Service Commission Investigations</th></tr><tr><td colspan="9">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>185</td><td>-</td><td>703</td><td>10,070</td><td>-</td><td>153</td><td>-</td><td>141</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>185</td><td>-</td><td>703</td><td>10,070</td><td>-</td><td>153</td><td>100</td><td>141</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>13,776</td><td>1</td><td>285,515</td><td>458,268</td><td>9,643</td><td>1,961</td><td>170,312</td><td>10,958</td></tr><tr><td>Increase in selected working capital.</td><td>146</td><td>-</td><td>-</td><td>5,807</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>14,107</td><td>1</td><td>286,219</td><td>474,145</td><td>9,643</td><td>2,114</td><td>170,412</td><td>11,099</td></tr><tr><td colspan="9">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>25</td><td>1,570</td><td>-</td><td>2</td><td>-</td><td>*</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>2</td><td>-</td><td>472</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>2</td><td>-</td><td>496</td><td>1,570</td><td>-</td><td>2</td><td>-</td><td>*</td></tr><tr><td>Capital stock issued to the public.</td><td>13,537</td><td>*</td><td>287,075</td><td>440,008</td><td>9,642</td><td>2,043</td><td>167,466</td><td>10,267</td></tr><tr><td>Income.</td><td>-</td><td>-</td><td>14,242</td><td>-</td><td>640</td><td>22</td><td>4,879</td><td>105</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>13,538</td><td>*</td><td>301,814</td><td>441,578</td><td>10,282</td><td>2,067</td><td>172,344</td><td>10,373</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>569</td><td>1</td><td>-15,595</td><td>32,567</td><td>-639</td><td>47</td><td>-1,932</td><td>727</td></tr><tr><td colspan="9">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td><td>13,500</td><td>-</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in Investment of the U. S. Government.</td><td>-</td><td>-</td><td>-</td><td>13,500</td><td>-</td><td>100</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>569</td><td>218</td><td>-</td><td>22,751</td><td>-</td><td>-</td><td>-</td><td>754</td></tr><tr><td>Total funds provided by financing.</td><td>569</td><td>218</td><td>-</td><td>36,251</td><td>-</td><td>100</td><td>-</td><td>754</td></tr><tr><td colspan="9">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>217</td><td>-</td><td>3,685</td><td>-</td><td>17</td><td>-</td><td>27</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>-</td><td>217</td><td>-</td><td>3,685</td><td>-</td><td>17</td><td>-</td><td>27</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>15,595</td><td>-</td><td>639</td><td>35</td><td>1,932</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>-</td><td>217</td><td>15,595</td><td>3,685</td><td>639</td><td>53</td><td>1,932</td><td>27</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>569</td><td>1</td><td>-15,595</td><td>32,567</td><td>-639</td><td>47</td><td>-1,932</td><td>727</td></tr></table>
Footnotes at end of Section.
128
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 1/</th><th colspan="2">Agency for International Development</th><th colspan="2">Agriculture Department</th><th>Commerce Department</th><th>HEW Department</th></tr><tr><th></th><th></th><th>Foreign currency loans</th><th>U. S. dollar end foreign currency loans</th><th>Farmers' Home Administration 25/</th><th>Rural Electrification Administration</th><th>Maritime Administration</th><th>Office of Education Loans to students (World War II)</th></tr><tr><th colspan="8">FUNDS APPLIED TO OPERATIONS</th></tr><tr><td>Acquisition of assets: Loans made</td><td>1,189,664</td><td>34,193</td><td>624,920</td><td>186,891</td><td>293,044</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired. Purchase, construction, or improvement of fixed assets</td><td>27</td><td>-</td><td>-</td><td>27</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt end issues of wholly owned Government enterprises</td><td>22,882</td><td>-</td><td>-</td><td>258</td><td>36</td><td>4,276</td><td>-</td></tr><tr><td>Other</td><td>18,246</td><td>-</td><td>-</td><td>18</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>1,230,819</td><td>34,193</td><td>624,920</td><td>187,194</td><td>293,080</td><td>4,276</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>919,267</td><td>2,983</td><td>416,868</td><td>44,523</td><td>77,725</td><td>339,532</td><td>27</td></tr><tr><td>Increase in selected working capital</td><td>139,644</td><td>511</td><td>3,931</td><td>-</td><td>-</td><td>28,337</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>2,289,730</td><td>37,687</td><td>1,045,719</td><td>231,717</td><td>370,805</td><td>372,145</td><td>27</td></tr><tr><th colspan="8">FUNDS PROVIDED BY OPERATIONS</th></tr><tr><td>Realization of assets: Repayment of loans</td><td>364,804</td><td>5,536</td><td>48,528</td><td>75,309</td><td>135,849</td><td>21,556</td><td>24</td></tr><tr><td>Sale of acquired security or collateral</td><td>25</td><td>-</td><td>-</td><td>25</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>5,726</td><td>-</td><td>-</td><td>24</td><td>6</td><td>5,696</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>110,922</td><td>-</td><td>-</td><td>56</td><td>-</td><td>13,926</td><td>-</td></tr><tr><td>Total realization of assets</td><td>481,478</td><td>5,536</td><td>48,528</td><td>75,414</td><td>135,855</td><td>41,178</td><td>24</td></tr><tr><td>Capital stock issued to the public</td><td>1,234,890</td><td>3,818</td><td>96,872</td><td>22,027</td><td>69,041</td><td>8,780</td><td>3</td></tr><tr><td>Decrease in selected working capital</td><td>47,188</td><td>-</td><td>-</td><td>46,219</td><td>826</td><td>-</td><td>32</td></tr><tr><td>Total funds provided by operations</td><td>1,763,556</td><td>9,354</td><td>145,399</td><td>143,660</td><td>205,722</td><td>49,958</td><td>59</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>526,174</td><td>28,333</td><td>900,320</td><td>88,057</td><td>165,084</td><td>322,187</td><td>-32</td></tr><tr><th colspan="8">FUNDS PROVIDED BY FINANCING</th></tr><tr><td>Increase in investment of the U. S. Government: Appropriations enacted</td><td>2,018,766</td><td>-</td><td>1,203,319</td><td>47,905</td><td>10,024</td><td>325,340</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>387,800</td><td>-</td><td>-</td><td>97,800</td><td>290,000</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>77,346</td><td>64,596</td><td>-</td><td>1</td><td>-</td><td>10</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>2,483,912</td><td>64,596</td><td>1,203,319</td><td>145,706</td><td>300,024</td><td>325,350</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>42,333</td><td>-</td><td>-</td><td>-</td><td>2,987</td><td>35,446</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>2,526,245</td><td>64,596</td><td>1,203,319</td><td>145,706</td><td>303,011</td><td>360,796</td><td>-</td></tr><tr><th colspan="8">FUNDS APPLIED TO FINANCING</th></tr><tr><td>Decrease in investment of the U. S. Government: Appropriations leaped, rescinded, or transferred</td><td>750</td><td>-</td><td>-</td><td>29</td><td>46</td><td>168</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>201,948</td><td>-</td><td>44,325</td><td>19,743</td><td>137,881</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>6,039</td><td>6,039</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>922,924</td><td>3,659</td><td>58,534</td><td>-</td><td>-</td><td>-</td><td>9</td></tr><tr><td>General and special fund revenues deposited</td><td>110,720</td><td>-</td><td>8,509</td><td>216</td><td>-</td><td>38,441</td><td>24</td></tr><tr><td>Other</td><td>173,103</td><td>22,279</td><td>-</td><td>36,660</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>1,415,484</td><td>31,976</td><td>111,368</td><td>56,649</td><td>137,927</td><td>38,609</td><td>32</td></tr><tr><td>Decrease in borrowings from the public</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>584,587</td><td>4,287</td><td>191,632</td><td>1,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing</td><td>2,000,071</td><td>36,263</td><td>302,999</td><td>57,649</td><td>137,927</td><td>38,609</td><td>32</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>526,174</td><td>28,333</td><td>900,320</td><td>88,057</td><td>165,084</td><td>322,187</td><td>-32</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
December 1962
129
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th colspan="3">Interior Department</th><th>Treasury Department</th><th>General Services Administration</th><th>Export-Import Bank of Washington</th></tr><tr><th></th><th>Bonneville Power Administration</th><th>Southeastern Power Administration</th><th>Southwestern Power Administration</th><th>Miscellaneous loans and certain other assets</th><th>Public Works Administration (in liquidation)</th><th>Agent for certain Mutual Security Act loans</th></tr><tr><td colspan="7">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>-</td><td>-</td><td>-</td><td>47,250</td><td>-</td><td>3,366</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>17,385</td><td>6</td><td>921</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>8,293</td><td>-</td><td>9,935</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>17,385</td><td>6</td><td>921</td><td>55,543</td><td>-</td><td>13,301</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>23,805</td><td>2,496</td><td>11,307</td><td>102,989</td><td>-</td><td>23</td></tr><tr><td>Increase in selected working capital.</td><td>1,754</td><td>1,945</td><td>154</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>42,945</td><td>4,447</td><td>12,382</td><td>158,532</td><td>-</td><td>13,323</td></tr><tr><td colspan="7">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>-</td><td>-</td><td>-</td><td>62,525</td><td>12,078</td><td>3,400</td></tr><tr><td>Sale of acquired security or collateral.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>2</td><td>-</td><td>142</td><td>96,796</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>2</td><td>-</td><td>142</td><td>159,321</td><td>12,078</td><td>3,400</td></tr><tr><td>Capital stock issued to the public.</td><td>74,804</td><td>23,208</td><td>16,093</td><td>912,490</td><td>1,733</td><td>6,023</td></tr><tr><td>Income.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>110</td><td>-</td></tr><tr><td>Decrease in selected working capital.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by operations.</td><td>74,806</td><td>23,208</td><td>16,235</td><td>1,071,811</td><td>13,921</td><td>9,423</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>-31,861</td><td>-18,761</td><td>-3,853</td><td>-913,280</td><td>-13,921</td><td>3,901</td></tr><tr><td colspan="7">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>33,062</td><td>800</td><td>6,022</td><td>392,293</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>10,647</td><td>2,092</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U.S. Government.</td><td>43,709</td><td>2,892</td><td>6,022</td><td>392,293</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,901</td></tr><tr><td>Decrease in selected cash and fund balances.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>43,709</td><td>2,892</td><td>6,022</td><td>392,293</td><td>-</td><td>3,901</td></tr><tr><td colspan="7">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U.S. Government:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>71</td><td>436</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Repayment of borrowings from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U.S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U.S. Treasury.</td><td>49,378</td><td>-</td><td>-</td><td>809,501</td><td>1,843</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>22,831</td><td>19,123</td><td>9,499</td><td>-</td><td>12,078</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>2,092</td><td>-</td><td>112,071</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U.S. Government.</td><td>72,280</td><td>21,650</td><td>9,499</td><td>921,572</td><td>13,921</td><td>*</td></tr><tr><td>Decrease in borrowings from the public.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>3,290</td><td>3</td><td>376</td><td>384,000</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to financing.</td><td>75,570</td><td>21,653</td><td>9,875</td><td>1,305,572</td><td>13,921</td><td>*</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>-31,861</td><td>-18,761</td><td>-3,853</td><td>-913,280</td><td>-13,921</td><td>3,901</td></tr></table>
Footnotes at end of Section.
130
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 5.- Certain Deposit Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total</th><th colspan="2">Form Credit Administration</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board</th></tr><tr><th></th><th></th><th>Banks for cooperatives</th><th>Federal intermediate credit banks</th><th></th><th>Federal home loan banks</th></tr><tr><td>FUNDS APPLIED TO OPERATIONS</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>8,524,926</td><td>901,606</td><td>4,039,619</td><td>1</td><td>3,583,700</td></tr><tr><td>Cost of security or collateral acquired</td><td>14</td><td>14</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>3,742</td><td>-</td><td>10</td><td>3,732</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>3,824</td><td>13</td><td>5</td><td>3,806</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>8,532,505</td><td>901,633</td><td>4,039,633</td><td>7,539</td><td>3,583,700</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>202,981</td><td>21,039</td><td>62,442</td><td>13,529</td><td>105,971</td></tr><tr><td>Increase in selected working capital</td><td>457</td><td>457</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>8,735,943</td><td>923,129</td><td>4,102,075</td><td>21,068</td><td>3,689,670</td></tr><tr><td>FUNDS PROVIDED BY OPERATIONS</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>7,372,180</td><td>812,699</td><td>3,873,390</td><td>83</td><td>2,686,007</td></tr><tr><td>Sale of acquired security or collateral</td><td>679</td><td>678</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>2,000</td><td>2,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>6,767</td><td>2</td><td>3,904</td><td>2,861</td><td>-</td></tr><tr><td>Total realization of assets</td><td>7,381,626</td><td>815,779</td><td>3,877,294</td><td>2,945</td><td>2,686,007</td></tr><tr><td>Capital stock issued to the public</td><td>28,133</td><td>4,015</td><td>-</td><td>-</td><td>24,119</td></tr><tr><td>Income</td><td>379,600</td><td>33,960</td><td>74,419</td><td>153,125</td><td>118,097</td></tr><tr><td>Decrease in selected working capital</td><td>61,436</td><td>-</td><td>1,108</td><td>19,700</td><td>40,628</td></tr><tr><td>Total funds provided by operations</td><td>7,850,795</td><td>853,354</td><td>3,952,821</td><td>175,770</td><td>2,868,851</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>885,148</td><td>69,776</td><td>149,255</td><td>-154,702</td><td>820,819</td></tr><tr><td>FUNDS PROVIDED BY FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>6,586,120</td><td>1,442,895</td><td>2,751,225</td><td>-</td><td>2,392,000</td></tr><tr><td>Increase in other borrowings</td><td>3,826,228</td><td>2,990</td><td>-</td><td>-</td><td>3,823,238</td></tr><tr><td>Decrease in investment holdings</td><td>2,513</td><td>-</td><td>2,513</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>10,414,862</td><td>1,445,885</td><td>2,753,738</td><td>-</td><td>6,215,238</td></tr><tr><td>Total funds provided by financing</td><td>10,414,862</td><td>1,445,885</td><td>2,753,738</td><td>-</td><td>6,215,238</td></tr><tr><td>FUNDS APPLIED TO FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>11,470</td><td>11,470</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>11,470</td><td>11,470</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>5,614,040</td><td>1,362,620</td><td>2,601,680</td><td>-</td><td>1,649,740</td></tr><tr><td>Increase in investment holdings</td><td>3,868,101</td><td>-</td><td>2,804</td><td>154,300</td><td>3,710,997</td></tr><tr><td>Increase in selected cash and fund balances</td><td>36,103</td><td>2,019</td><td>-</td><td>402</td><td>33,682</td></tr><tr><td>Total funds applied to financing</td><td>9,529,714</td><td>1,376,109</td><td>2,604,484</td><td>154,702</td><td>5,394,419</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>885,148</td><td>69,776</td><td>149,255</td><td>-154,702</td><td>820,819</td></tr></table>
December 1962
131
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III
- Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
<table><tr><th>Account</th><th>Total 26/</th><th>Agriculture Department Farmers' Home Administration</th><th>Defense Department Army Department</th><th>Justice Department Federal Prison System</th><th>General Services Administration</th></tr><tr><td colspan="6">Funds Applied to Operations</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made.</td><td>835,894</td><td>5,522</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets.</td><td>150</td><td>-</td><td>-</td><td>65</td><td>72</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>850</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total acquisition of assets.</td><td>836,894</td><td>5,525</td><td>-</td><td>65</td><td>72</td></tr><tr><td>Operating and other expenses (excluding depreciation).</td><td>594,951</td><td>592</td><td>116</td><td>2,269</td><td>298</td></tr><tr><td>Increase in selected working capital.</td><td>4,116</td><td>292</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds applied to operations.</td><td>1,435,961</td><td>6,409</td><td>116</td><td>2,334</td><td>371</td></tr><tr><td colspan="6">Funds Provided by Operations</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans.</td><td>485,899</td><td>4,483</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral.</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets.</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>514</td><td>8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total realization of assets.</td><td>486,414</td><td>4,491</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital stock issued to the public.</td><td>11,383</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income.</td><td>695,139</td><td>1,001</td><td>118</td><td>2,353</td><td>379</td></tr><tr><td>Decrease in selected working capital.</td><td>6,646</td><td>-</td><td>1</td><td>9</td><td>17</td></tr><tr><td>Total funds provided by operations.</td><td>1,199,583</td><td>5,492</td><td>119</td><td>2,362</td><td>396</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>236,378</td><td>918</td><td>-4</td><td>-28</td><td>-25</td></tr><tr><td colspan="6">Funds Provided by Financing</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury.</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government.</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings.</td><td>1,836,590</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holdings.</td><td>7,046</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>3,045</td><td>1,145</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total funds provided by financing.</td><td>2,756,221</td><td>1,145</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="6">Funds Applied to Financing</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury.</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government.</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public.</td><td>1,477,880</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in investment holdings.</td><td>108,951</td><td>227</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>23,473</td><td>-</td><td>4</td><td>28</td><td>25</td></tr><tr><td>Total funds applied to financing.</td><td>2,519,843</td><td>227</td><td>4</td><td>28</td><td>25</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided).</td><td>236,378</td><td>918</td><td>-4</td><td>-28</td><td>-25</td></tr></table>
Footnotes at end of Section.
(Continued on following page)
132
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds - (Continued)
(In thousands of dollars)
<table><tr><th>Account</th><th>Housing and Home Finance Agency Federal National Mortgage Assoc. Secondary market operations</th><th>Civil Service Commission Employees' health benefits fund</th><th>Civil Service Commission Employees' life insurance fund</th><th>Civil Service Commission Retired employees' health benefits fund</th><th>Federal Communications Commission International telecommunication settlements</th></tr><tr><td colspan="6">FUNDS APPLIED TO OPERATIONS</td></tr><tr><td>Acquisition of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans made</td><td>829,866</td><td>-</td><td>506</td><td>-</td><td>-</td></tr><tr><td>Cost of security or collateral acquired</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase, construction, or improvement of fixed assets</td><td>-</td><td>6</td><td>-</td><td>7</td><td>-</td></tr><tr><td>Purchase of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>847</td><td>-</td></tr><tr><td>Total acquisition of assets</td><td>829,866</td><td>6</td><td>506</td><td>854</td><td>-</td></tr><tr><td>Operating and other expenses (excluding depreciation)</td><td>145,729</td><td>334,613</td><td>84,908</td><td>26,172</td><td>253</td></tr><tr><td>Increase in selected working capital</td><td>-</td><td>2,906</td><td>830</td><td>87</td><td>-</td></tr><tr><td>Total funds applied to operations</td><td>975,595</td><td>337,525</td><td>86,244</td><td>27,113</td><td>253</td></tr><tr><td colspan="6">FUNDS PROVIDED BY OPERATIONS</td></tr><tr><td>Realization of assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Repayment of loans</td><td>480,569</td><td>-</td><td>847</td><td>-</td><td>-</td></tr><tr><td>Sale of acquired security or collateral</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of fixed assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sale of securities other than public debt and issues of wholly owned Government enterprises</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>506</td><td>-</td></tr><tr><td>Total realization of assets</td><td>480,569</td><td>-</td><td>847</td><td>506</td><td>-</td></tr><tr><td>Capital stock issued to the public</td><td>11,383</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Income</td><td>160,299</td><td>348,340</td><td>155,700</td><td>26,697</td><td>253</td></tr><tr><td>Decrease in selected working capital</td><td>6,609</td><td>-</td><td>-</td><td>-</td><td>11</td></tr><tr><td>Total funds provided by operations</td><td>658,860</td><td>348,340</td><td>156,547</td><td>27,204</td><td>264</td></tr><tr><td>Net effect of operations on expenditures (excess of funds applied, or provided (-))</td><td>316,736</td><td>-10,815</td><td>-70,303</td><td>-91</td><td>-11</td></tr><tr><td colspan="6">FUNDS PROVIDED BY FINANCING</td></tr><tr><td>Increase in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations enacted</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Borrowings from the U. S. Treasury</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total increase in investment of the U. S. Government</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in other borrowings</td><td>1,836,590</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in investment holding</td><td>7,046</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in selected cash and fund balances</td><td>-</td><td>360</td><td>-</td><td>1,540</td><td>-</td></tr><tr><td>Total funds provided by financing</td><td>2,753,176</td><td>360</td><td>-</td><td>1,540</td><td>-</td></tr><tr><td colspan="6">FUNDS APPLIED TO FINANCING</td></tr><tr><td>Decrease in investment of the U. S. Government:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Appropriations lapsed, rescinded, or transferred</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of borrowings from the U. S. Treasury</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Repayment of capital and surplus advances from the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distribution of earnings to the U. S. Treasury</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>General and special fund revenues deposited</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total decrease in investment of the U. S. Government</td><td>909,540</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Decrease in borrowings from the public</td><td>1,477,880</td><td>11,175</td><td>50,945</td><td>1,631</td><td>-</td></tr><tr><td>Increase in investment holdings</td><td>44,973</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Increase in selected cash and fund balances</td><td>4,048</td><td>11,175</td><td>19,358</td><td>-</td><td>11</td></tr><tr><td>Total funds applied to financing</td><td>2,436,440</td><td>11,175</td><td>70,303</td><td>1,631</td><td>11</td></tr><tr><td>Net effect of financing (excess of funds applied (-), or provided)</td><td>316,736</td><td>-10,815</td><td>-70,303</td><td>-91</td><td>-11</td></tr></table>
December 1962
133
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Sections II and III
1. Statements of income and expense and of source and application of funds are not yet included for certain activities for which statements of financial condition have been published in Section I, in the November 1962 Bulletin.
2. Includes operating and administrative expense funds.
3. Includes interest expense of $3,125 thousand on capital stock.
4. Accumulated deficit for fiscal years 1938 through 1948 from nonrevenue-producing operations amounting to $50,099 thousand has been transferred to the expended appropriations account. This transfer was made in order to report operating and administrative expenses on a basis comparable with operations of the fund.
5. Included beginning June 30, 1962.
6. Office of Civil Defense, civil defense procurement fund, shown under this heading on page 98 of the November 1962 Bulletin, did not have any net income or expense during the fiscal year 1962.
7. Represents the fund known as "Advances to employment security administration account, unemployment trust fund."
8. Includes interest expense on advances from appropriations and on paid-in capital.
9. Includes unreimbursed costs of $26,909 thousand performed by other agencies.
10. Expenses include costs applicable to postal operations paid for by other Government agencies for workmen's compensation and unemployment compensation for postal employees, and certain custodial and maintenance costs of public buildings. Expenses include certain non-postal services rendered to other agencies without reimbursement.
11. The operating deficit as of June 30, 1961, has been combined with other items representing equity of the United States Government, and is included with the net investment at the beginning of the Fiscal year 1962.
12. The accumulated net income or deficit is included with the equity of the United States Government and cannot be segregated.
13. This Corporation was dissolved at the close of September 30, 1961, pursuant to the act approved August 30, 1961 (75 Stat. 419). The liquidation functions are being carried on by the Administrator of General Services.
14. Represents transfers of equipment, mortgages, chemicals, and receivables to the Administrator of General Services (see footnote 13).
15. Represents transfers to the loan guarantee fund made pursuant to acts approved August 17, 1961 (75 Stat. 358) and February 13, 1962 (76 Stat. 8).
16. The short-term credit investment fund, shown under this heading on page 105 of the November 1962 Bulletin, did not have any income or expense during the fiscal year 1962.
17. Represents adjustment made in accordance with an act approved June 25, 1962 (76 Stat. 109).
18. Home Owners' Loan Corporation (Liquidated), shown under this heading on page 105 of the November 1962 Bulletin, did not have any income or expense during the fiscal year 1962.
19. Represents interest on the net direct investment of the United States Government in this Corporation.
20. Represents interest on funds advanced to the Administration by appropriations.
21. Represents net income of $56,160 thousand from power operations, and net loss of $17,865 thousand from nonincome-producing programs during the fiscal year 1962.
22. Excludes unfunded costs consisting of depreciation on plants and equipment, military personnel, and other costs as follows: Air Force, $33,511 thousand; Army, $108,879 thousand; and Navy, $11,696 thousand.
23. Represents contractual services and other costs.
24. Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1704 (c)).
25. Represents rural housing and other loans, and salaries and expenses.
26. Statements of income and expense and of source and application of funds are not yet included for certain activities for which statements of financial condition were published in Section I, in the November 1962 Bulletin. Certain other activities are included in this Section only on a fiscal year basis at the present time.
27. Excludes noncash transactions amounting to $1,031,167 thousand representing loans exchanged for commodities and other adjustments.
28. Includes increase in interest accrued during operations of $.26" thousand on which payment has been deferred.
* Less than $00.
† Revised.
134
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
January through December 1962
<table><tr><th rowspan="2"></th><th colspan="12">Issue and page number 1962</th></tr><tr><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>Reporting bases:</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td><td>II</td></tr><tr><td>Articles:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury financing operations.</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td><td>A-1</td></tr><tr><td>Summary of Federal fiscal operations.</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts by principal sources.</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td><td>2</td></tr><tr><td>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>Chart - Internal revenue receipts by principal sources.</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Expenditures by agencies.</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td><td>5</td></tr><tr><td>Interfund transactions excluded from both net budget receipts and budget expenditures.</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>Summary of appropriations and authorizations, expenditures, and balances, by agencies.</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>Expenditures and balances by functions.</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td><td>8</td></tr><tr><td>Detail of excise tax receipts.</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>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>12</td><td>10</td><td>10</td><td>12</td></tr><tr><td>Trust account receipts.</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>12</td><td>11</td><td>11</td><td>13</td></tr><tr><td>Trust and deposit fund account expenditures.</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>14</td><td>12</td><td>12</td><td>14</td></tr><tr><td>Net investment by Government agencies in public debt securities.</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>15</td><td>13</td><td>13</td><td>15</td></tr><tr><td>Net redemption or sale of obligations of Government agencies in the market.</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>13</td><td>16</td><td>14</td><td>14</td><td>16</td></tr><tr><td>Intertrust fund transactions excluded from both net trust account receipts and net trust account expenditures.</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>14</td><td>15</td><td>15</td><td>15</td><td>16</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund.</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>15</td><td>16</td><td>16</td><td>16</td><td>16</td></tr><tr><td>Federal Disability Insurance Trust Fund.</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>16</td><td>17</td><td>17</td><td>17</td><td>17</td></tr><tr><td>Railroad Retirement Account.</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>17</td><td>18</td><td>18</td><td>18</td><td>18</td></tr><tr><td>Unemployment Trust Fund.</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>18</td><td>19</td><td>19</td><td>19</td><td>19</td></tr><tr><td>National Service Life Insurance Fund.</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>Investments of specified trust accounts in public debt securities, by issues (latest date September 30, 1962).</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>15</td><td>20</td><td>15</td><td>15</td><td>20</td><td>15</td><td>15</td><td>19</td><td>17</td><td>15</td><td>20</td><td>17</td></tr><tr><td>Derivation of Federal receipts from the public, and reconciliation to cash deposits in Treasurer's account.</td><td>16</td><td>21</td><td>16</td><td>16</td><td>21</td><td>16</td><td>16</td><td>20</td><td>18</td><td>16</td><td>21</td><td>18</td></tr><tr><td>Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's account.</td><td>17</td><td>22</td><td>17</td><td>17</td><td>22</td><td>17</td><td>17</td><td>22</td><td>20</td><td>18</td><td>22</td><td>20</td></tr><tr><td>Intragovernmental transactions.</td><td>18</td><td>22</td><td>18</td><td>18</td><td>22</td><td>18</td><td>18</td><td>23</td><td>21</td><td>19</td><td>24</td><td>21</td></tr><tr><td>Accrued interest and other noncash expenditures.</td><td>19</td><td>23</td><td>18</td><td>18</td><td>23</td><td>18</td><td>18</td><td>24</td><td>22</td><td>20</td><td>25</td><td>22</td></tr><tr><td>Derivations of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account.</td><td>20</td><td>24</td><td>20</td><td>20</td><td>24</td><td>20</td><td>20</td><td>26</td><td>24</td><td>22</td><td>27</td><td>24</td></tr><tr><td>Summary of cash transactions through Treasurer's account.</td><td>21</td><td>25</td><td>21</td><td>21</td><td>25</td><td>21</td><td>21</td><td>27</td><td>25</td><td>23</td><td>28</td><td>25</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>20</td><td>25</td><td>20</td><td>20</td><td>25</td><td>20</td><td>20</td><td>27</td><td>25</td><td>23</td><td>28</td><td>25</td></tr><tr><td>Analysis of changes in tax and loan account balances.</td><td>21</td><td>26</td><td>21</td><td>21</td><td>26</td><td>21</td><td>21</td><td>28</td><td>26</td><td>24</td><td>29</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>22</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>22</td><td>29</td><td>27</td><td>25</td><td>30</td><td>27</td></tr><tr><td>Computed interest charge, rate on Federal securities.</td><td>23</td><td>27</td><td>22</td><td>22</td><td>27</td><td>22</td><td>22</td><td>29</td><td>27</td><td>25</td><td>30</td><td>27</td></tr><tr><td>Interest-bearing public debt.</td><td>24</td><td>28</td><td>23</td><td>23</td><td>28</td><td>23</td><td>23</td><td>30</td><td>28</td><td>26</td><td>31</td><td>28</td></tr><tr><td>Average length and maturity distribution of marketable interest-bearing public debt.</td><td>25</td><td>29</td><td>24</td><td>24</td><td>29</td><td>24</td><td>24</td><td>31</td><td>29</td><td>27</td><td>32</td><td>29</td></tr><tr><td>Special public debt issues to U. S. Government investment accounts.</td><td>26</td><td>30</td><td>25</td><td>25</td><td>30</td><td>25</td><td>25</td><td>32</td><td>30</td><td>28</td><td>33</td><td>30</td></tr><tr><td>Treasury holdings of securities issued by Government agencies.</td><td>27</td><td>31</td><td>26</td><td>26</td><td>31</td><td>26</td><td>26</td><td>33</td><td>31</td><td>29</td><td>34</td><td>31</td></tr><tr><td>Interest-bearing securities issued by Federal agencies but not guaranteed by the U. S. Government.</td><td>28</td><td>32</td><td>27</td><td>27</td><td>32</td><td>27</td><td>27</td><td>34</td><td>32</td><td>30</td><td>35</td><td>32</td></tr><tr><td>Statutory debt limitation.</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>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.</td><td>28</td><td>33</td><td>28</td><td>28</td><td>33</td><td>28</td><td>28</td><td>35</td><td>33</td><td>31</td><td>36</td><td>33</td></tr><tr><td>Other than regular weekly Treasury bills.</td><td>29</td><td>34</td><td>29</td><td>29</td><td>34</td><td>29</td><td>29</td><td>37</td><td>35</td><td>33</td><td>38</td><td>35</td></tr><tr><td>Offerings of Treasury bills.</td><td>30</td><td>35</td><td>30</td><td>30</td><td>35</td><td>30</td><td>30</td><td>39</td><td>37</td><td>35</td><td>40</td><td>37</td></tr><tr><td>New money financing through regular weekly Treasury bills.</td><td>31</td><td>36</td><td>31</td><td>31</td><td>36</td><td>31</td><td>31</td><td>42</td><td>40</td><td>38</td><td>43</td><td>40</td></tr><tr><td>Offerings of public marketable securities other than regular weekly Treasury bills.</td><td>32</td><td>37</td><td>32</td><td>32</td><td>37</td><td>32</td><td>32</td><td>44</td><td>41</td><td>39</td><td>45</td><td>41</td></tr><tr><td>Allotments by investor classes on subscriptions for public marketable securities other than regular weekly Treasury bills.</td><td>33</td><td>38</td><td>33</td><td>33</td><td>38</td><td>33</td><td>33</td><td>46</td><td>42</td><td>40</td><td>47</td><td>42</td></tr><tr><td>Disposition of matured public marketable securities other than regular weekly Treasury bills.</td><td>34</td><td>39</td><td>34</td><td>34</td><td>40</td><td>35</td><td>35</td><td>48</td><td>44</td><td>44</td><td>49</td><td>44</td></tr><tr><td>United States savings bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative sales and redemptions by series.</td><td>49</td><td>55</td><td>51</td><td>51</td><td>57</td><td>52</td><td>52</td><td>59</td><td>57</td><td>55</td><td>60</td><td>57</td></tr><tr><td>Sales and redemptions by periods, all series combined.</td><td>50</td><td>56</td><td>52</td><td>52</td><td>58</td><td>53</td><td>53</td><td>60</td><td>58</td><td>56</td><td>61</td><td>58</td></tr><tr><td>Sales and redemptions by periods, Series E through K.</td><td>51</td><td>57</td><td>53</td><td>53</td><td>59</td><td>54</td><td>54</td><td>62</td><td>60</td><td>58</td><td>63</td><td>60</td></tr><tr><td>Redemptions of matured and unmatured bonds.</td><td>52</td><td>58</td><td>54</td><td>54</td><td>60</td><td>55</td><td>55</td><td>63</td><td>61</td><td>59</td><td>64</td><td>61</td></tr><tr><td>Sales and redemptions by denominations, Series E and H combined.</td><td>53</td><td>59</td><td>55</td><td>55</td><td>61</td><td>56</td><td>56</td><td>64</td><td>62</td><td>60</td><td>65</td><td>62</td></tr><tr><td>Sales by States, Series I and H combined.</td><td>54</td><td>60</td><td>56</td><td>56</td><td>62</td><td>57</td><td>57</td><td>65</td><td>63</td><td>61</td><td>66</td><td>63</td></tr></table>
(Continued on following page)
December 1962
135
CUMULATIVE TABLE OF CONTENTS
January through December 1962 - (Continued)
<table><tr><th></th><th colspan="12">Issue and page number 1962</th></tr><tr><th></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>Cet.</th><th>Nov.</th><th>Dec.</th></tr><tr><td><strong>Ownership of Federal securities:</strong></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>53</td><td>61</td><td>55</td><td>55</td><td>62</td><td>56</td><td>56</td><td>65</td><td>61</td><td>59</td><td>65</td><td>61</td></tr><tr><td>Net market purchases or sales for investment accounts handled by the Treasury.</td><td>53</td><td>61</td><td>55</td><td>55</td><td>62</td><td>56</td><td>56</td><td>65</td><td>61</td><td>59</td><td>65</td><td>61</td></tr><tr><td>Estimated ownership.</td><td>54</td><td>62</td><td>56</td><td>56</td><td>63</td><td>57</td><td>57</td><td>66</td><td>62</td><td>60</td><td>66</td><td>62</td></tr><tr><td><strong>Treasury survey of ownership of Federal securities:</strong></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>55</td><td>63</td><td>57</td><td>57</td><td>64</td><td>58</td><td>58</td><td>67</td><td>63</td><td>61</td><td>67</td><td>63</td></tr><tr><td>Ownership by commercial banks classified by membership in Federal Reserve System (Latest date June 30, 1962).</td><td>69</td><td></td><td></td><td></td><td></td><td></td><td></td><td>71</td><td></td><td></td><td></td><td></td></tr><tr><td><strong>Market quotations:</strong></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>73</td><td>73</td><td>61</td><td>61</td><td>62</td><td>62</td><td>75</td><td>67</td><td>65</td><td>71</td><td>67</td><td></td></tr><tr><td>Chart - Yields of Treasury securities.</td><td>75</td><td>63</td><td>63</td><td>70</td><td>64</td><td>64</td><td>77</td><td>69</td><td>67</td><td>73</td><td>69</td><td></td></tr><tr><td><strong>Average yields of long-term bonds:</strong></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of Treasury and corporate bonds by periods.</td><td>64</td><td>76</td><td>64</td><td>64</td><td>71</td><td>65</td><td>65</td><td>78</td><td>70</td><td>68</td><td>74</td><td>70</td></tr><tr><td>Chart - Average yields of Treasury and corporate bonds.</td><td>65</td><td>77</td><td>65</td><td>65</td><td>72</td><td>66</td><td>66</td><td>79</td><td>71</td><td>69</td><td>75</td><td>71</td></tr><tr><td><strong>Internal revenue collections:</strong></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by principal sources.</td><td>66</td><td>78</td><td>66</td><td>66</td><td>73</td><td>67</td><td>67</td><td>80</td><td></td><td></td><td></td><td></td></tr><tr><td>Chart - Internal revenue collections by principal sources.</td><td>67</td><td>79</td><td>67</td><td>67</td><td>74</td><td>68</td><td>68</td><td>81</td><td></td><td></td><td></td><td></td></tr><tr><td>Summary by States, calendar year 1961.</td><td></td><td></td><td>68</td><td></td><td></td><td>69</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Detail of excise tax collections.</td><td></td><td></td><td>68</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><strong>Monetary statistics:</strong></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Money in circulation.</td><td>68</td><td>80</td><td>70</td><td>69</td><td>75</td><td>71</td><td>69</td><td>82</td><td>72</td><td>70</td><td>76</td><td>72</td></tr><tr><td>Monetary stocks of gold and silver.</td><td>69</td><td>81</td><td>71</td><td>70</td><td>76</td><td>72</td><td>70</td><td>83</td><td>73</td><td>71</td><td>77</td><td>73</td></tr><tr><td>Gold assets and liabilities of the Treasury.</td><td>69</td><td>81</td><td>71</td><td>70</td><td>76</td><td>72</td><td>70</td><td>83</td><td>73</td><td>71</td><td>77</td><td>73</td></tr><tr><td>Components of silver monetary stock.</td><td>70</td><td>82</td><td>72</td><td>71</td><td>77</td><td>73</td><td>71</td><td>84</td><td>74</td><td>72</td><td>78</td><td>74</td></tr><tr><td>Seigniorage.</td><td>71</td><td>83</td><td>73</td><td>72</td><td>78</td><td>74</td><td>72</td><td>85</td><td>75</td><td>73</td><td>79</td><td>75</td></tr><tr><td>Increment from reduction in weight of gold dollar (latest date September 30, 1962).</td><td></td><td>83</td><td></td><td>72</td><td></td><td></td><td>72</td><td></td><td></td><td>73</td><td></td><td></td></tr><tr><td><strong>Exchange Stabilization Fund (latest date June 30, 1962):</strong></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>84</td><td></td><td>73</td><td></td><td></td><td>73</td><td></td><td></td><td>74</td><td></td><td></td></tr><tr><td>U. S. stabilization agreements.</td><td></td><td>85</td><td></td><td>74</td><td></td><td></td><td>74</td><td></td><td></td><td>75</td><td></td><td></td></tr><tr><td>Income and expense.</td><td></td><td>85</td><td></td><td>74</td><td></td><td></td><td>74</td><td></td><td></td><td>75</td><td></td><td></td></tr><tr><td><strong>National bank reports:</strong></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 1957-61.</td><td></td><td></td><td></td><td></td><td>75</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><strong>International financial statistics:</strong></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>U. S. gold stock, and holdings of convertible foreign currencies: by U. S. monetary authorities.</td><td>72</td><td>86</td><td>74</td><td>75</td><td>79</td><td>76</td><td>75</td><td>86</td><td>76</td><td>76</td><td>80</td><td>76</td></tr><tr><td><strong>Capital movements between the United States and foreign countries:</strong></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>73</td><td>87</td><td>75</td><td>76</td><td>80</td><td>77</td><td>76</td><td>87</td><td>77</td><td>77</td><td>81</td><td>77</td></tr><tr><td>Summary by countries and periods.</td><td>76</td><td>90</td><td>78</td><td>79</td><td>83</td><td>80</td><td>79</td><td>90</td><td>80</td><td>80</td><td>84</td><td>80</td></tr><tr><td>Short-term banking liabilities to foreigners, latest month.</td><td>80</td><td>94</td><td>82</td><td>83</td><td>87</td><td>84</td><td>83</td><td>94</td><td>84</td><td>84</td><td>88</td><td>84</td></tr><tr><td>Short-term banking claims on foreigners, latest month.</td><td>81</td><td>95</td><td>83</td><td>84</td><td>88</td><td>85</td><td>84</td><td>95</td><td>85</td><td>85</td><td>89</td><td>85</td></tr><tr><td>Purchases and sales of long-term securities by foreigners, latest month.</td><td>82</td><td>96</td><td>84</td><td>85</td><td>89</td><td>86</td><td>85</td><td>96</td><td>86</td><td>86</td><td>90</td><td>86</td></tr><tr><td>Short-term liabilities and claims reported by nonfinancial concerns.</td><td>83</td><td></td><td>85</td><td>86</td><td></td><td>87</td><td></td><td>87</td><td></td><td>87</td><td>91</td><td>87</td></tr><tr><td>Long-term liabilities and claims reported by banks and bankers.</td><td></td><td></td><td>85</td><td></td><td></td><td>88</td><td></td><td>88</td><td></td><td></td><td></td><td>88</td></tr><tr><td>Estimated gold and short-term dollar resources of foreign countries and international institutions in brokerage accounts.</td><td></td><td></td><td>86</td><td></td><td></td><td></td><td></td><td>89</td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign credit and debit balances.</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>Short-term liabilities, countries and areas not regularly reported.</td><td></td><td></td><td>88</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 1961.</td><td></td><td></td><td></td><td>90</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><strong>Foreign currencies acquired by the U. S. without purchase with dollars:</strong></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>Transactions and balances in Treasury accounts.</td><td></td><td>98</td><td></td><td>92</td><td></td><td></td><td>98</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Transactions and balances in agency accounts.</td><td></td><td>98</td><td></td><td>92</td><td></td><td></td><td>98</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><strong>Corporations and certain other business-type activities:</strong></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Statements of financial condition (latest date June 30, 1962).</td><td></td><td>100</td><td>90</td><td></td><td>90</td><td></td><td></td><td></td><td></td><td>94</td><td></td><td></td></tr><tr><td>Income and expense (latest date June 30, 1962).</td><td>86</td><td></td><td>89</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>90</td><td></td></tr><tr><td>Source and application of funds (latest date June 30, 1962).</td><td>107</td><td></td><td>109</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>111</td><td></td></tr></table>
TREASURY DEPARTMENT FISCAL SERVICE, BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25, D.C.
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U.S. TREASURY DEPARTMENT
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