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LIBRARY

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LIBRARYROOM 5030

J UN ?.31972

TREASURY DEPARTMENT

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JHNUflRV-1353

LIBRARYROOM 5030

JUN 2 3 1972

TREASURY DEPARTMENT

UNITED STRTES TREflSURV DEPRRTMENTOFFICE DF THE SECRETRRV

January lyj)

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 g

Treasury cash Income and outgo 12

O-eneral Fund of the Treasury I5

Debt outstanding 16

Statutory debt limitation 21

Debt operations 22

United States savings bonds 27

Treasury savings notes 33

Ownership of Federal securities 3^

Treasury survey of ownership of Federal securities... 36

Market quotations 4-0

Yields of Treasury and corporate bonds ^-k

Internal revenue collections 4-6

Monetary statistics 50

Capital movements , ^h

Cumulative table of contents 67

Note: In those tables In which figures have been roundedto a specified unit, all calculations (includingpercentages) have been made from unrounded figures.Consequently the details may not check to the totalsshown.

January 195J

Treasury Financing Operations

Treasury Bills Refunded

Maturities of 91-day Treasury bills totaled $^.9 billion In

December and were refunded In equivalent total and weekly amounts.

The offering on December H- was for $1.3 billion and the offerings

on December 11, 13, and 26 were for $1.2 billion each. The average

rates of discount on the new Issues were 2.0k^ percent for December 4-,

2.091 percent for December 11, 2.138 percent for December IS, and

2.22S percent for December 26.

Note: Details of Treasury market financing operations are shovm elseirtiere in

this issue of the "Treaaury Bulletin", in the tatles on "Offerings" and

"Disposition", respectively, of marketable issues of bonds, notes, and

certificates of Indebtedness, and in the table "Offerings of Treasury

Bills"

.

January /95J

SUMMARY OF FEDERAL FISCAL OPERATIONS

Treasury Bulletin

.BUDGET RECEIPTS AND EXPENDITURES.

Table I.- Receipts by Principal Sources

January 195)

-BUDGET RECEIPl'S AND I-XPENDITURES

.

Table 3«- Expenditures for National Defense and Related Activities

(In mllllonB of dollars)

Fiscal yearor month

Departanent

of theAir Force

11/

Departanent

of theArmy

Departaient

of theHay^

Pajrments

under Armed

Leave Act goy

Eeconstrvic-

tionFinanceCorporation

UnitedStatesMaritimeCoociLlBSlon

2ir

Surpluspropertydisposal

StrategicKnA

criticalmaterials

ii/

other

191*5

191*6

19UT191*8

191*9

195019511952

1952-January...FetruaiT,.March.. •.•

AprUMa;Juna

JulyAugust....

Septemliar.

Octoher. .

.

November .

.

1953 ^ date.

90,5011*8,870

16,81211,50012,158

12,31*6

19,961*

39,106

3,1*11*

3,1553,1*25

3,7753,7913,6993,881*

2,971:*,008

3,7233,302

17,887

1,690

3,5066,238

12,350 16/

1,0181,051*

1,108

1,2131,0861,250 16/

1,2971,0U0

1,31*1*

1,2111,052

50,33727,8006,9116,01*6

5,1*17

1*,058

6,87615,1*1*3 ii/

1,1*21

1,2271,639

1,3571,1*06

1,271* i6/1,508

981

1,560

1,1*68

1,301

5,91*1* 6,819

30,01*7

15,161lt,998

1*,171li,lil2

I*, 110

5,7579,961

89878I*

58I*

1,0711,176

938

966805

961

916857

I*, 505

1,98627010

1

31

1*72

328138

3,227691*

271277136

111*

661*

1,50126825

106W*2

32598

11

99299

1*39

65681*7

1*0

3851*

101

97172

83

92

103

86

57

1*20

6,3051*,117

551*

1*1*

71

2251*35

503

37511*0

332665

30

521*0

1*2

36

Source: Dally Treasury Stateanent.

Footnotes, at end of Table 5.

Table 4.- Expenditures for International Finance and Aid

(In mllllona of dollars)

Treasury Bulletin

.BUDGET RECEPTS AMD EXPEirDITUEES

.

Table 5.- "Other" Expenditures(In mllliona of dollaxs)

January 19jJ

-BUKrET PECEIPTS ASH KXPEHDITURES.

Table 6.- Sumnary of Budget Results by Months and Years(In milllone of dollare)

Fell. Apr. Mb; July Ave- Sept. NCTT, Cedeodaryear

Ireasury nuUetin

. BUIGET RECEIPTS AND EXPENDITURES .

Table 7.- Social Security Act - Budget Receipts and Expenditures(In milllonfl of doHare)

January 195J

.BUDGET RECEIPTS AND EXPENDITURES.

Table 8.- Railroad Retireo»ent Act - Budget Receipts and Expend Ituree

(In mlUlonfl of doLLapa)

Fiscal y«aror month

Ezceas of netreceipts, orezpendlturoa (-)

Becalpta

T&xea oncarriersand Uietrea^loyeee

Deduction:Refunda of taxeson carriers andtheir eo^iloj-eeB

jZ

Hetreceipts

Expend Iturea

Adjnlnla-

tratlTeexpenses

TrauBfers toBallroad Botlre-Bsnt Account(truat accouatj

19l»5

19't6

19't7

igWWltg

195019511952

195a-January.,February,March,,,,

April....MayJune

JulyAugust. . .

,

September.

October. .,

November.,

-a6.3-12.8

77.

3

-206.5-15.5

-3h.l-30.5-35.9

-¥(.!>

39.5-5.5

-39.'*

-1.7-.4

-32.93.1

.5

1.5

285.0282.6380.1557.1563.8

550.2577.5735.0

12,3

92.953.9

13.989.858.0

16.589.2

54.3

13.988.5

.2

.9

281*.

8

281.7380.0

557.0563.4

549.6577.5734.8

12.392.953.9

13.989.858.0

16.5

13.988.5

3IJ..I

294.5302.8763.5578.9

583.7608.0

770.7

56.653.459.4

53.391.558.3

49.386.153.9

12.484.0

2.32.64.35.04.4

_L

308.8291.9298.5758.5574.5

5Be.8608.0770.7

56.653.459,4

53,391,558,3

49.386.1

53.9

12.484.0

Source: Dally Treasury Stataaent.1/ Exceae of ezpendituree la covered by approprlationa by Congreee.5/ Interoat on refunds Is Included under AdjalnlstratiTe eipensea"

.

^ Conalflto of expenditures from approprlationa made specifically for

admlnlfitratlve expenses relating to the Ballroad Jtvtlrement Act through1951, aoi interest on refunds of taxes (see footnote 2).Less than $50,000.

Table 0.- Railroad Unemployment Insurance Act -^ - Budget Receipts and Expenditures

(in millions of dollars)

Fiscal yearor month

Excess ofreceipts, orexpenditures ( -

)

a/

Receipts

Railroaduneosployment

Insuranceoontrlbutlans 2/

Expenditures

Administrativeexpenses 4/

Transfers to BallroadUneanploynent InsuranceAccount, UnemploymentTrust Fund ^

19451946194719481949

195019511952 ,

1952-January .

.

Februaiy.March. ...

April....,MayJune .•...,

JulyAugust. ,

.

September

October...November

.

.6

-.2

.5-.6

-5.1

-3.24.0.6

-.2. 2

1^9

-.3-1.2

2.8

-5.5-.3

2.0

-.4

-.6

13.2

12.914.214.5

9.7

9.19.8

10.3

*

.2

2.3

.1

.1

2.4

*.1

2.4

12.613.113.715.114.3

12.35.B

9.7

.3

.4

.4

.4

1.4-.4

.5

.4

.7

3.73.54.55.55.9

6.95.85.3

.3

.4

.4

.4

1.4-.4

.6

.4

.5

.4

.7

8.99.69.2

9.79.0

5.4

4.4

4.9

Source: Dully Treasury Statement.

1/ Operated as Railroad Unacrployment Insurance Aclminletratlon Fund, foradministrative QXpensea of the Railroad Retlrooent Board In adinlnls-

terlng the act (U5 U.S.C. 361).2/ Excess of eipendltarea la corered by appropriations by Congress,

i/ Through 19^8 represented 10^ of contributions under the BallroadIftian^Jloyment Insurance Act of 1938j 'the remaining 90^ vaa depositedin the Railroad Unemployment Insurance Account In the Unenqploymant

Trust Fund. Beginning 19^9, represents contributions equal to 0.2^

of the taxable pay ro3Jl; the ranalnlng contributions are deposited Inthe Ballroad Uhemploymant Insurance Account {k^ U.S.C. 358 (f)).(See "Trust Account and Other Transactions", Table 7).

kj Consists of eipenditiu-es from appropriations made specifically foradministratiTe expenses relating to the Railroad Unemployment InsuranceAct.

^ Represents excess funds of the Railroad Unemployment Insurance Admin is -

tratlon PuM, under act of Oct. 10, 19^0 (5I; Stat. 1099).* Less than $50,000.

Treasury Bulletin

TEUST ACCOUHT AHD OTHKB TRANSACTIONS.

Table 1.- Summary of Trust Account and Other Transact ions

(Is BllllanB of dollars)

Fiscal yearor month

Hot oftrust accountand othertransactions 1/

Trust accounts, etc.

Hot receipts, orexpenditures (-) Becelpta

Expenditures(other than netluTeslaants^

Het InrestesKts ofOoTozimsnt ageaolea Ijb

pobllo debt SMorltlM 2/

Bet redemptions, or sales {-Xof securities of Ooremnentagencies ]ji the market 2/

Guaranteed lot ffoaranteed

19115

19't6

ig"*?

ISkS

1949195019511952

1958 -January..February.March....

April....Ma;June

JulyAugust . .

.

Septenbar

October.

.

NoTeaber.

791-52l»

-1,103-29i

-1*95

99679IU7

-371*

186106

-291

357-192

-17

77U22

-252

201

7,5W'

3,238S,6l92,658

1,890-281

3,8523,855

It2

531336

853

357

266U03

500

-186

608

7,0867,7126,21*4

6,515 i/

5,71li

6,6697,7968,807

392831684

4761,0501,026

738959427

4oi

975

-458

4,4743,6253,857

3,824 2/6,9503,9451>,952

35030031*7

434197669

473

556-73

587367

5,2003,6683,36a3,060

2,311-402

3,5573,636

4U.221171

270510

6v>

308

397

480.

1,276160

38716

468

-10-16

41-4

-4

-1•

11-5

-1

:l

277-66-28

-123

2814

-371*

88 4/

112363

66

-^,

-101 4/

-37

-66

31*

50-68

Source: Dally Treasury Statement.

i^

^

Szcoss of receipts, or expendlt\iree (-).Consists of transaotlons vhlch clear through aooounts of theTreasurer of the United States, except as noted In footnote k,Z^zoludes Forel^ Eooaamlo Cooperation Trast Fund (see page 1).Effective June 30, 19^, net traosaotloos in Federal Intermediate

Credit Bsn}£ Issues are Inoluded even though oertaln of these trans-actions do not clear through the aooounta of the T^asiirer of theUnited States. The figures for June and for 1952 Include $98 mil-lloQ net sales of these issues for the full fiscal year.Less than $^00,000.

Table 2«- Trust Account Receipts

(In nlUlans of dollArs}

Fiscal yearor month

Federal Old-Ageand SurrIvorsInsurance TrustFund

BallxoadRetirementAccount

UnemploTBentTrust Fund

Vatlcaaal ServiceLife InsuranceFund

O^oremBLentLifeInsuranceFood

Ooversaentamployeea *

retlronestfunds ^

Other trustfunis and40counts

2/

19lt5

194619lt7

194819l»9

195019511952

1952-January . .

,

February..Maroh

AprilHayJune

JulyAugust . , .

,

September

.

October. ..

November..

7,0867,7126,244

6,515 i/5,711*

6,6697,7968,807

392831684

4761,0501,026

738959427

401

975

l,li3lt

1,3861,6231,8071,924

2,3673,4113,932

152448474

267486289

184

439249

222538

324312323

797625

645678850

57

5360

5492'

13"»

V986

^13

85

1,5081,2801,2891,3131,173

1,2811,51*2

1,643

3620924

5034599

5532819

48263

2,1272,3511,504

740690

1,076684

786

65

5559

22

37208

II40

40

36

9710313l>

90

92

8786

87

3

3

3

36

48

33

1

4

2

557614

578591*

680

809850912

41

34

35

36

33220

ni

1,0381,666

7921,174

;

529

403

545

597

372829

435129

II29

kl

17

Sotirce: Daily Treasury Stateiwnt.1/ Consists of Civil Service and Foo-elgn Service retirement funds.2/ Includes Adjusted Service Certificate Fund, District of Coluahla,

Indian tribal funds. Island possessions. Increment resulting frcm re-duction in the weight of the gold dollar, and through June 19^0

seigniorsge on silver under the Stiver Purchase Act of 193''-. Thereaftersuch seigniorage is included vith other seigniorage under budgetreceipts.

1/ Excludes Foreign Eooncolc Cooperation Trust Fund (see page 1).

January 1%}

TRUST ACCOUNT AKD CTHKP TRANSACTIONS.

Table 3.- Trust Account Expenditures Other Than Net Investments

(In mllllonB of dollars; oogatlTe figures are eicoes of credits)

Fiscal yearor month

10 Treasury Bulletin

.TEUST ACCOUNT AND OTHER TRANSACTIONS.

Table 5.- Federal Old-Age aid Survivors Insurance Trust Fundi/

(In mlUiooa of dollars)

January 195) 11

.TRUST ACCOUNT AND OTHER TRANSACTIONS.

Table 7.- Unenployment Trust Fund

( In mil Hone of dollara

)


. TREASUOT CASH INCOME AKD OOTGO.

Table 1.- Sumnary of Cash Transactions

(In millions of dollars)

January 195) 13

.TREASURY CASH INCOME AND OOTGO.

Table 3.- Derivation of Cash Budget Bxpendl tiires

(In milllona of dollars)

ll; Treasury Bulletin

.TREASURY CASH IKCOME AND OUTGO.

Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing

(In millions of dollara)

January 195J 15

. GENERAL FUND OF THE TREASUBY.

Table I.- Status of the General Fund(la mi(»n of dollara)

toi of fiaoal7oar or Month

finllloo, ooln, udonrr«xi07

Scpoalta in FalaralB«a«rTe B^Ja

ATall«fel«

fnl*1b proo«aaof Gollootlan

Deposit* Inpaoiall«po«ltarlasl«po«l

Otherdapo6it«andoollsotlona

LlabUitlaaIn

tha 0«neralrmd

19*5191*6

19'»7

1948191*9

195019511952

1951-OMMtiar.

.

1952 -January..

.

February .

,

March

AprilMayJima

JulyAuguat. ...

SepteoBber.

October,.

,

Horeober.

.

25,119ll*,708

3,7305,3703,862

5,9277,8717,1*81

I.,8l6

'',106

5,7007,1*1*5

6,1086,01*6

7,1*81

8,5207,1*39

7,557

6,71*3

8,155

150160

1,0231,0731,022

1,0521,01*6

1,009

1,033

1,0251,003

981

997999

1,009

1,0101,001*

1,001

1,006

999

55fi

21*3

232191219

191176I9I*

173

219205212

206197191*

181175

179

163162

1,5001,0061,2021,928

1*38

950338333

321

162

558169

1*50

569

333

6381*96

508

770396

123103

11*3

250

355

11*6

316193

333

195125

355

la106

161

I7I*

103

22,62212,993

962

1,7731,771

3,2685,6805,106

2,693

2,01*8

3,2165,228

3,7793,6905,106

6,0275,1905,217

'*,ll*5

5,981.

289305310283309

3233801*81*

1*1*9

537525523

1*81

1*66

1*81)

1*79

1*68

1*91

1*85

511

1*21

1*70

1*22

1*38

392

1*10

511.

512

521

1*27

625605

715621*

512

591*

I187

1*01

568519

21*,69811*,2383,308l*,932

3,1*70

5,5177,3576,969

U,295

3,8795,0756,81*0

5,3935,1*21

6,969

7,9256,952

7,156

6,1757,636

Souroe: Dallj TreoBvarj Stat^meat.

1/ On account of vithheld taxea and ealea of Croremaent securities.

Table 2.- General Fund Balance by Months

(End of month, In mlUlonE of dollars

)

Tsar

i6 Treasury Bulletin

.DEBT oursTAironc.

Table I.- Suamary of Federal Securities

(In mlllionB of dollars)

£ad offlSCCLl

year oraionth

Total outatasdlng

Publicdebt

Guaran-teedBecurl-tlee

1/

Interest-bearing debt

Publicdebt

CrUAZttn-

teedsoourl-tlee

1/

Matured debt and debt bearing no interest

Public debt

Inter-nationalBank 2/

MonetaryFund 2/

Other

2/

Guarao-teedaecurl-tlea 1/

(matured)

191*5

igW191*7

I9A819'*9

195019511952

Debt peak;Feb. 191*6...

1951-December

.

1952 -January ,

.

February.March.. .

.

AprilMayJune . . ( .

,

July..,..August. .

.

September

October.

.

November.

259,115269,898258,376252,366252,798

257,377255,251259,151

279,761*

259,1*61

259,813260,399258,1211

258,337259,951259,151

263,107263,225

262,722

261*, 96I*

267,1*83

258,682269,1*22

258,286252,292252,770

257,357255,222259,105

279,211*

259,1*19

259,775260,362258,0Sli

258,292259,905259,105

263,073263,186

262,68e

261*,919

267,1*32

1*33

1*76

90

7327

20

29U6

551

1*2

38371*1

111*

1*5

1*6

31*

391*0

1*5

51

256,766268,578255,197250,132250,785

255,226252,879256,907

278,1*51

257,111

257,518258,171255,833

256,11*1*

257,782256,907

260,91*0

261,098

260,615

262,861*

265,391*

256,357268,111255,113250,063250,762

255,209252,852256,863

277,912

257,070

257,1*82

258,136255,791*

256,102257,739256,863

260,908261,060

260,577

262,820265,31*5

1*09

1*67

83

6921*

1727W*

539

1*0

36

35

39

1*3

Ul.

1*1*

33

38

39

1*3

1*9

2,3501,3213,1792,231*

2,012

2,1502,3722,21*1*

1,313

2,350

2,2952,2282,291

2,1922,1682,2W*

2,166

2,1272,106

2,100

2,089

2,3261,3113,1732,2292,009

2,11*8

2,3702,21*2

1,301

2,31*8

2,291*

2,2262,290

2,1912,1672,21*2

2,1652,1252,105

2,099

2,087

26937623128021*5

2655121*19

238

1*92

1*1*1*

1*16

1*81

3853621*19

331319300

297286

1*16

661*1

1,721*

1,1611,063

1,2701,2831,271*

1,296

1,2911,2531,253

1,2531,2531,271*

1,2881,2631,263

1,263

1,263

2,057935802

722660

613

575550

1,063

560

559557556

553551550

51*6

51*1*

51*2

539

539

21*

106

5

3

22

1

Source: Dally Treasury Statement.Footnotes at end of Table 2.

Table 2.- Net Change in Federal Securities

(Increase, or decrease (-), in millions of dollars)

Fiscal yearor month

Total outstanding

Publicdebt

Guaran-teedsecuri-ties

1/

Interest-bearing debt

Publicdebt

Guaran-teedeecurl-tiea

y

Matured debt and debt bearing no interest

Public debt

Inter-nationalBani 2/

MonetaryFund 2/

Other

Guaran-teedsecuri-ties if

( matured

)

191*5

191*6

191*7

191*8

191*9

195019511952

1952 -January...February .

.

March

AprilMayJune

JulyAugust.

—

September.

October...Norember..

56,U8910,783-11,523-6,010

1*32

1*,579

-2,126

3,900

352586

-2,275

2131,611*

-800

3,956118

-503

2,21*3

2,519

57,67910,71*0

-11,136-5,991*

1*78

l*,587

-2,135

3,883

357587

-2,278

2091,613-800

3,968113

-501*

2,2382,513

-1,1901*3

-387-16-1*6

10

16

-U51

56

55,70711,812-13,381-5,065

653

It, 1*1*1

-2,31*7

1*,028

1*07

651*

-2,338

3121,638-875

l*,03l*

157-1*83

2,21*9

2,530

56,81311,751*

-12,997-5,050

698

U, 1*1*8

-2,358l*,OU

1*12

65I*

-2,31*2

3081,637-876

l*,0l*5

152-1*81*

2,21*1*

2,525

-1,107

58-383-11*

-1*5

-7

10

17

-12

51

56

782-1,029

1,858-91*6

-221

138222-128

-55-6861*

-99-21*

75

-77

-39-21

-6

-12

866-1,011*

1,862-91*1*

-220

139222-128

-55-6861*

-99-24

76

-78

-39-20

-6

-12

68108

-11*5

1*9

-35

2021*7

-93

.1*8

-28

65

-96-22

56

-88

-12

-19

-U

-11

1*16

-350-25

-1*1

1,721*

-563-98

20713-9

-5

-38

11*

-25

798-1,122

-133-80-62

-1*7

-38-26

-83-11*

-3

-2

-1

-1

-1

X/ £zcludee guaranteed eeotzrltles held by the Treasury. The Interest-beerlngdebt shewn here consists of F^Jl. debentures and C.C.C. deBiand obligatloos;details by Issues appeared In the "Treasury Bulletin" for August 1951 axid inprerious issues; currently the amounts outstanding are shovn each month intile "Treasury Surrey of Ownership", Tables 3 and 1*.

2/ Special notes of the United States issued to the International Bank and theInternational Mcoataiy Tund In paymant of part of the Iftiited States sub-

sorlptions to these Institutions, pursusnt to prorlsioos of theBretton Woods Agreements Aot. The notes beer no interest, arenonnagotlable, and are payable on danand.Xncludee sarins stmpe, excess profits tax refund bonds, andcurrency itaas. For current-month details, see "Statutory DebtLimitation", Table 2.Lees than $500,000.

January 195) T-7

-DEBT OOTSTANDDC.

Table 3.- Interest-Bearing Public Debt

IS Treasury Bulletin

.EEHT OUrSTANDItC

Table 5.- Special Issues to United States Govemnent Investment Accounts

January 195) 19

.KESr OOTSTANimC.

Table 7.- Treasury Holdings of Securities Issued by Goveriwent

Corporations and Other Agencies -^


JJEHT OUTOTAHDHO.

Table 8.- Public Debt and Guaranteed Securities Outstanding by Months

(Dud of oontb. Is millions of dollars)

Fab. Apr. May July Aug. Sspt.

PutJ.lc debt

19321933193lt

19351936

January I9ij 21

STATUTORY DEBT LIMITATION

The Second Liberty Bond Act, as amended, (3I U.3.C.

757 b), provides that the face amount of obligations lasued

under authority of that act, and the face amount of

obligations guaranteed as to principal and Interest by

the United States êxeept guaranteed obligations held by

the Secretary of the Treasury), shall not exceed in the

aggregate 5275 billion outstanding at any one time.

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, 1052

(In mlXliona of dollars]

Maxinusn snount of Bacurltles whloh naj' bo outatandlng at any oaa time, under 11tti1 tatlon Impoflcd tiff the aot

of June 26, igW (31 U.S.O. T57 b) 275,000

Amount of aeourltlea outatanding subject to suDh statutory debt limitation!

U. S. &07emmant securltiee Issued under the Second Liberty Bond Act, as amended 266,606

Guaranteed securities (excluding those held by the Treasury) 51

Total eaaount of securities outstanding subject to statutory debt lljnltatlon 266,857

Balanoe lasuablo under limitation '

Source: Bureau of the Public Debt.

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities

Outstanding November 30, 1052

(In nllllonB of dollaro)

Class of sec-jrity

Subject tostatutory debtlimitation

Not subject tostatutoi7 debtlimitation

Totaloutstanding

Public debt!

Interest-bearing securities t

Maoêtable

:

Treaaury billsCertifloates of IndebtedneaeTre&aiJTy notes *...•.•

Treaaui7 bonds - bank eligibleTreaaury bonds - bank restricted l/...

Foetal saTlnge and Panama Canal bonds.

Total marketable.

Nonmarketable

:

U. S. savings bcQds (current redemption value)

Treasury savings notesDepositary bonds .Treasury bonds , Inveslsnant series

Total nccsoarketable •

Special Issues to Oovenmant agencies and trust funds.

Total interest-bearing securltiee

Matured eeourltles on vhich interest has ceased

Debt bearing no Interest 1

Iftilted States savings stenipa

Sêas profits tax refund bonds

Special notes of the Onltod States!

Intemattcnal Monetary Fund Series

Onlted States notes (loss gold reserve)

Deposits for retlraaent of national bank and Federal Beserve Bank notea.

Other debt bearing no interest

Total debt bearing no interest.

Total public debt.

Guaranteed securities; 2/

Interest-bearing.Matured

Total griaranteed securities

Total public debt and guaranteed eeourltles.

21,71516,90230,25352,I*UI*

27,32"*

11*8,638

5'6,850

6,089396

13,l»50

7T,78U

36,786

265,2U

262

1.9

2

1,263

1,313

266,806

1.9

1

51

266,857

lih

lih

13"*

191292

1188

626

626

21,71516,90230,25352,UW27,32'*

11*8,772

57,8506,089

39613,1*50

77,781*

38,788

265,31*5

286

1*9

2

1,263191292

6

1,802

267,1132

1*9

1

51

267,1*83

Source: Bureau of the Public Debt,

1/ Issues which oomiiarclal banks may not acquire prior to specified dates

(with minor exceptions). See "Debt Outstanding", Table 3, footnote 1.

2/ Excludes guaranteed securities held by the Treasury.

Treasury Bulletin

.VEBI OPERATIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities

Issued by the United States Govemnent

and Outstanding November 30, 1052 J^'

(In millions of dollars)

Daecrlptlon of security 2/

Anount of maturities

Filedmatu-rityIssues

Callable IssuesclasBlfled byyear of:

Firstcall

Finalmatu-rity

DatebanJc re-strictedIssuesbeeduebankeligible

1/

Yearandmonth

Deacrlptlon of security 2/

Amount of maturities

Filedmatu-rityIssues

Callable leaueaclassified byyear ofi

Firstcall

Finalmatu-rity

Bills1-7/8% Certificate - 12/l/52-r

Total

Bills

Bills1-7/8* Certificate - 2/15/53-A

Bills (Tax Anticipation Series)..

Bills (Tax Anticipation Series)..

l-7/8t Certificate - 6/1/53-B2% Bond kj - 12/15/51-552% Bond y - 6/15/52 -5i

2-l/'4i Bond kJ - 6/15/52-55

2t Bond k/ - 12/15/52-5't

2» Bond - 6/15/53-55

2* Certificate - 8/15/53-C

2* Bond 5/ - 9/15/51-53

2-1/8^ Note - 12/1/53-A

Total

l-3/8lt Rote

Si Bond2-l/UJ Bond

Si Bond

Total

3/l5/5''-A

6/l5/52-5lt

6/l5/5lt-56

12/15/52-5't

l-l/2)t Note2-7/8* Bond

2-l/IiJ Bond2* Bond

2i BondI-3A* Bote

3/15/55-A3/15/55-60

6/15/52-556/15/53-55

12/15/51-5512/15/55-B

l»,9Cllt

1,063

5,967

6,90l»

5,1*02

8,868

2,502

2,002i*,963

2,008

7,986

10,51*2

51,178

'*,675

'*,675

5,365

6,851*

12,219

5105,8251,5018,66a

725

17,223

681

681

2,611

2,611

5,825

8,662

ll»,U87

1,501725

510

2,736

1956

Mar.

Apr.

June

Sept

Oct.

1957

Har.

Apr.

Oct.,

1958

Mar.

2-1/2* Bond -

1-1/2* Note -

2-lA* Bond -

2-3A* Bond -

2-lA* Bond -

1-1/2* Bote -

Total

3/15/56-58

lt/l/56-EA

6/15/51-56

9/15/56-599/15/56-59

10/1/56-BO

2-3/8* Bond - 3/15/57-59

1-1/2* Note - lt/l/57-EA

1-1/2* Note - lo/l/57-BO

Total

2-1/2* Bond - 3/15/56-58

2-3/8* Bond

2-3A* Bond6/15/58

6/15/58-63

1959

Mar..

June.

Sept.

Dec.

i960

Mar..

2-3/8* Bond -

2-1A* Bond -

2-3A* Bond -

2-1A* Bond -

2-lA* Bond -

Total

3/15/57-59

6/15/59-62

9/15/56-599/15/56-59

12/15/59-62

2-7/8* Bond - 3/15/55-60

2-3A* Bond - 12/15/60-65

1,007

550

1,557

531

729

1,261

l*,2l*5

ll,2ll5

1,1*1*9

3,822

6,253

927

927

919

919

5,281

3,1*68

8,71*9

1,1*85

1,1*85

681

681

l,aii9

1,1*1*9

927

982

3,822

5,731

2,611

2,611

Footnotes at end of table. (Continued on following page)

January I9i) 23

.DEBT OPm/VTIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities

Issued by the United States Qovernment

and Outstanding November 30, 1952i/- (Continued)

(In mlLlionfl of dollars)


DEBT OPERATIONS.

Table 2.- Offerings of Treasury Bills

(Dollar amounta in mllllcnu}

Jan uary m'i 25

DEBT OPERATIONS.

Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,

and Certificates of Indebtedness

Dateeubaorlptlonôoks wereopened

i/soAt2/17A73/19A75/21A76/23A77/21A78/20A79/2A79/22A710/22A7U/19A7I2A9A71/20A82/18A83/22A8

6/21A89/1A89/20A812/6A8

12/15A81/19A92/15A93/21A95/19A96/20A98/?lA99/29A912/5A912/19A9

1/20/502/17/2/17/2/17/502/17^3/20/505/22/50

1^0-,5/50

9/I8/509/5/

9/I8/.

12A/50

2/6A/51

7/l6y6l

9A/519/18/51

Dateoflasud

2/1A73/1A7V1A76/1A7

S/1A79/1A79/15A710/1A71J./1/1»7

12/1A7I/1A8

2/1A83/1A8U/1A86/1A8.A8.A8AS

1/1A9

2/1A9?'^^'^'U/1A96/1A9yxM9/15A910AA912/15A91/1/50

2/1/501/50

7/1A89/15A8IO/1A8

3/1/

305/^

imp9h?fp

•/i/ô

7/l/>3

8/9/1:

10/1/5012/15/50

6/15/^1I/61

• /5//5i

10/1/5110/15/51lOA/51

12/15/51

3/1/523/1/52

7/1,62

10/1/5210/1/528/15/52

Deeorlptlon of eecurlty

7/8*7/8*7/8*7/8*7/8*7/8*

^J1*1*1-1/8*1-1/8*

1-1/8*1-1/8*1-1/8*1-1/8*1-1/8*1-3/8*1-lA*1-lA*1-lA*

^^'?!l-lA*1-lA*1-lA*l-lA*1-1/8*1-1/8*1-3/8*1-1/8*

1-lA* Sote1-lA* Bote1-1/2* note1-lA* Hote1-lAiS Bote1-lA* Note

1-lA* Sote

1-lA* Note

I-3A* Rote

1-1/2*1-7/8*1-7/8*1-7/8*1-7/8*1-7/8*1-1/2*1-7/8*

CertlfioateCertificateCertificateCertlfioateCertlfioateCertificateCertificatenoteCertificateCertificate '

SoteCertificate '

Certificate '

Certificate '

Certificate '

Certificate '

Certificate '

HoteCertificate •

Certificate '

Certlfioate '

Certificate '

Certificate '

CertificateCertlfioateCertlfioateCertlfioateCertificateRoteCertificate

RoteCertificateCertificateCertificateCertificateOeirtificateNoteCertificate

2-3/8* Bond1-7/8* Certificate1-1/2* Note2-3/8* Bond1-7/8* Certlfioate2* Certificate2-1/8* Bote1-1/2* Note2* Certificate

2/1A8-B3/1A8-C"t/lAS-D

• 6/1A8-E• 7/IA8-F• 7/1/118-0• 7/IA8-H

IO/1A8-B• IO/1A8-J• lo/iAS'S• 1/1A9-A

1/1A9-A

• 2/1A9-B• 3/1A9-C

lt/lA9-D• 6/1A9-E• 7/iA9-ir

1./1/50-A• 10/1A9-012/15A9-H1A/50-A

2/1/50-B3/l/^-C"t/l/SO-D

6/1/50-s7/1/50-p9/15/^-010A/50-HS/lS/jlt-A

1/1/51-A

10/1/51-A7/1^1-B

3/i5/55-A7AA1-C7/l/6l-I>8/lAl-l

10/15/51-F11/1/51-0

12/15/65-B

U/1/56-EAk/lfyi-k7/ly62-B8/15/^ -C

9/1/52-1)

10/1/52-]!

10/1/56-BO12/1/52-F

3/15/57-592/15/53-AV1/57-EA6/15/586A/53-B8/15/53-C12/1/53 -A

10/1/57-EO8/15/53-C 5/

Period to

Maturity First call

1 yr1 yr1 yrlyr1 yr

1 yr

lyr1 yr

1 jr1 yr1 yrlyrlyrlyrlyrlyr1 yr

1 yrlyrlyrlyrlyrlyrlyrIt yr1 yr

1 yr1 yrSyr1 yr1 yr1 yrlyr1 yr

5 yr

5yr

11 m10 %12i ai

111 n

5 yr

7 yr

5 yr

5 yr

1 yrlyr5 yr1 yr

6^B

S ml»m

3 «1 m1 m1 n1 m

9i.11 1

11 I

U ]

11*.

Hi,

nl:

11 1

Amount ofaubsorlptionetendered

Oaah i/ Srchanê

Amount ieaued

Foroaah 1/

In exchangefor otiler

eecuritiee

(In mlllione of dollars)

5 yr

U,693

It, 8012,9512,6692,5102,7lt2

1,1272,209It, 0921,35't

1,^73,5352,592

2,1893,5531,055"t.SOl

5,7833,5966,535

5195,695

1,9932,922

9635.0195,6011,1976,2U8It, 6755,373

1,9182,7^15,365

886lt,8l8

5,3515,9*15,2536,85*

1,007 3/9,52't

5,216583

1,83210,861

5502/1,063

9278,868

531 i/

't,963

2,00810,5*2 P

7*2 i/873 P

*,2*5

3,9*72,1*21,321i,Tn2,7*21,1272,209*,0921,35*1,*673,5352,592

2,189

3,5531,055*,3015,7833,5966,535

5195,695

1,9932,922

9635,0195,6011,1976,2*8*,6755,373

1,9182,7*15,365

866*,8l85,3515,9*15,2536,85*

1,007 2/9,52*5,216

5831,832

10,861550 i/

1,063

9278,868

531 2/

*,9632,006

10,5*2 P7*2 3/873 P

Allotmentratio

82

72*870

100100100100100100100100

100100100100100100100100100

100100100100100100100100100

100100100100100100100100100

100100100100

100100100100

100100100

i/100100100

100100

Source: Bureau of the Public Debt,

1/ Conelsts of all public cash eubecrlptionE and subscriptions by U. S,Gorercment Inreetzient accounts. */

2/ Exchange offering arailable to owners of nonmarketable 2 -3A*Treasury Bonds, Inrestanent Series 8-1975-80, dated April 1, 1951.For further infomatlon relating to the original offering see"Treasury Bulletin" for April 1951, page A-1, and for that relatingto the reopening on June *, 1952, see "Treasury Bulletin" for 5/May 1952, page A-10.

3/ Amounts shoun are as of December 31, 1952. They Include exchangesby federal Reserre System Open Market Account amounting to $1,000 mil- plion In the case of Series EA-1956, $500 million each in the cases of

Series EO-1956 and Series ^-1957, and $71* million in the caseof Series BO-1957.Nonbank subscriptions vera allotted in full. Ccom^rclal banks*STfbscriptlons for amounts up to and Incliuilng $100,000 for theirown account also were allotted In full. Commercial banks* sub-scriptions for amounts orer $100,000 for their own account wereallotted $100,000 on each subscription.The 2* Certificates dated August 15, 1952, were reopened, with allcertificates of the series Identical In «n respects, as an exchangeoffering for the 1-7/8* Certificates irtilch matured December 1, 1952.Preliminary.


.B£3T OPERATIONS.

Table 4.- Dlepcsltion of Matured Marketable leeuee of Treasury Bonds, Notes, and Certificatesof Indebtedness and Securities Guaranteed by the United States Government

Date ofre fundingor retire-ment

Called or maturing aeeurlt/ 1/

Description Date ofleeua

Aaountout-standing

Dlipoeltlon offersI7 Treasury

Cashretlre-ent

Xxchangesecurityoffered

HesultB of exchange offers

fa-changed

Turned In for cash

Federalfieserre

Banks 2/

ByotherInvestors

Description of newsecurity offered

i-iA^

1-3/8^

i-iA*

i-iA*

1-1/6*2-1/2^2*

Certificate

Certificate

Certificate

Bondnote

1/1/50-A

a/l/50-B

3/1/50-C

3/15/50lt/l/50-A

Total

Certificate

Certificate

Certificate

CertificateBondBonl

lt/l/50-D

6/1/50 -K

7/1/50-F

9/15/50 -G9/15/50-529/15/50-52

Total.

1-1/8* Certificate - IO/1/5O-H

1-1/2*1-1/8*

Boi^Certificate

Total.

12/15/501/1/6:51-A

2-1/2J62-1/2*

Boi^Bonl

6/15/67-7212/15/67-72

2-3M1-lA*1-lA*1-iA*

i-iA*

3*

1-iA*

i-iA*i-iA*

2-1A*2-1/2*

1-7/8*

2-1/2*2-1/2*2-1/2*2-1/2*

BoteHoteNote

Total.

Rote

Bond

Note

NoteNote

Total.

6/15/51-5^7/1/51-B7/I/61-C7/1/51-D

8/1/51-B

9/15/51-55

10/1/51-A

lO/15/51-F11/1/51-0

Bond

Bond

Certificate

BondBondBondBond

Total

12/15/51-53

3/15/52-54

lt/l/52-A

3/15/65-703/15/66-716/15/67-72

12/15/67-72

1-7/8* Certificate

1-7/8*1-7/8*

CertificateCertificate

7/l/5a-B

8/15/52 -C9/1/52-D

1-7/8*

1-7/8*

Certificate

Certificate

lo/l/52-K

12/1/52-F

I/1A9

2/1A9

3/1A9

IO/19A29/I5A8

l»/lA9

6/1A9

7/1A9

9/15A99/15/38"t/isAa

10/1A9

6/1A51/1/50

6/1A511/15A5

6/15/363/1/50it/l/50

6/1/50

7/1/50

9/15/31

2/1/50

9/15/5010/1/50

12/22/39

3/3IA1

6/15/51

2/l/liJ>

12/l/W>

6/1A5II/15A5

8/1/51

9/15/5110/1/51

10/15/5112/15/51

Source: Bureau of the Public Debt.

5,695

1,993

2,922

1,9633,596

5,559

963

5,019

5,601

1,1971,186•1,939

7,322

6,2l»8

2,6355,373

8,008

7,96711,689

19,656

1,6272,7'>1

886'(,818

10,072

5,351

755

1,918

5,91*1

5,253

11,19'*

1,118

1,021*

9,52"*

5,1953,1*80

1,999't,072

ll*,7l*6

5,216

583

1,832

2,1*16

10,861

1,063

(In lllloni

5,695

1,993

2,922

1,9633,596

1;

2/

Original call and maturity datee are used.Beginning with the November 19l*7 operation, arrangamenta ware madebetween the Treasury and the Federal Beserre System whereby all ora part of the System's Open Market Account holdings of certainmaturing and called securities would bo presented for cash redemption.These nonmarketable bonds, dated April 1, 1951, and maturingApril 1, 1980, are exchangeable for 1-1/2* marketable Treasury notes;

5,559

963

5,019

5,601

1,1971,186'*,939

7,322

6,2U8

2,6355,373

8,008

7,967U,689

19,656

1,6272,71*1

886l*,8l8

10,072

5,351

755

1,918

5,91*1

5,253

11,191*

1,118

1,021*

9,521*

5,1953,1*80

1,9991*,072

ll*,7l*6

5,216

5831,832

2,ln6

10,861

1,063

of dollare}

5,373

1,918

2,71*1

1,8613,501*

5,365

886

li,8l8

5,351

1,039905

3,997

5,91*1

5,253

2,3151*,538

6,851*

5,961*

7,610

13,571*

1,5162,607

8311*,570

9,521*

5,216

583

1,832

5,8731*,988

10,861

1,063

927

8,868

1467

512100227

1,306

4,963

l*3lt

1,575

2,008

10,51*2 P873 P

322

75

180

102

92

191*

76

201

250

15828191*2

1,381

995

320831*

1,151*

110131*

5521(8

51*8

135

172

67265

333

55

97

656

253

150253

1*07

319 p190 p

1-1/8* Certificate - I/1/5I-A

1-lA* Note - 10/1/51-A

1-lA* Note - 7/1/51-B

1-1/2* Hote - 3/15/55-A

1-lA* Note

1-lA* Note

1-lA* Bote

1-lA* Hote

1-lA* Note

I-3A* Note

7/1/51-C

7/1/51-D

8/1/51-E

10/15/51-K

11/1/51-0

12/15/55-B

2-3A* Treasury Bond, Inrest-ment Series B-1975-80 3/

1-7/8* Certificate - l*/l/52-A

1-7/8* Certificate - 7/1/52-B

1-7/8* Certificate - 8/15/52 -C

1-7/8* Certificate - 9/1/52-D

1-7/8* Certificate - lO/l/52-B

1-7/8* Certificate - 12/1/52-F

2-3/8* Bond - 3/15/57-59

1-7/8* Certificate - 2/15/53 -A

2-3A* Treasury Bond, Inrest-mant Series B-1975-80 ±/

1-7/8* Certificate

2* Certificate

6/1/53 -B

8/15/53 -C

2-1/8* Note - 12/1/53-A

2* Certificate - 8/15/53-Cj*/

y

Bee Table 3, footnote 2. In the reopening, the InTostment Seriesbonds were offered for caah subscription as well as exchange, andnot leas than one quarter of each subscription had to be paid forin cash.Eeopening of 2% Certificates maturing August 15, 1953j see Table 3,footnote 5,Prelljnliiaiy,

January 195) 27

.UNITED STAIES SAVHIGS BONDS.

tJnited States savings bonds were first offered In

March 1935 *"<! began to matur* In March I9U5. Series A-D

were sold between Maroh 1935 and the end of April iglf-l,

and Series E, P", and a were first offered In May I9IH.

When Series E began to mature on May 1, I95I, owners of the

matured bonds were offered three options: To redeem the

bonds In cash In aocordanoe with the original terms; to

retain them with an extended maturity of 10 years at

specified rates of Interest aoorual; or to exchange them

for Series bonds. A number of changes became effective

May 1, 1952. "he principal ones were: The rate of Interest

accrual on Series E was Increased, especially for the near

term, with corresponding changes In extended Series E; and

Series T and were replaced by two new issues, Series J

and K, also at hl^er Internet rates. A new current-income

bond, Series H, similar In Interest return to Series E,

was offered beginning Junel. Tor details of these changes

see "Treasury Bulletin' for May 195?, cage A-1.

In the tables which follow. Series A-F and J sales

are shown at Issue price and total redemptions and amounts

outstanding at current redemption values. Serin 0, H , and K

are shown at face value throughout. Matured bonds which

have been redeemed are Included In redemptions. Data by

denominations and salss by States are published on a

monthly basis but not In each Issue of the "Treasury

Bulletin".

Table 1.- Sales and Redemptions by Series, Cumulative through Novenber 30, 19S2

(Dollar anounta in allllona)

SerleB

2g Treasury Bulletin

.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series E through K

(Collar ajDounta In millions)

Accrueddiscount

Sales plusaccrueddiscount

Bedemptiona ^Salesprice

Accrueddiscount

Amount out-standing (interest-bearing debt]

Monthly redemptionsas percent of amountoutstanding

Series E and H combined

Fiscal years:

19Ul-19lt3

19't't

19115

19'»6,

igltT

191*8 ,

19'<9

195019511952

Calendar years:

19ltl-19U3

19W19't5

19116

191*7

19U8191*9

19501951

Months:

1952-January..February

.

March.. ..

April....HayJune

JulyAugust. ..

Septeinber

October.

.

Noreoiber.

12,(X)1

11,82011,5536,73911,287It,026It,278

3,9933,2723,296

17,1*78

12,3809,822I*, 1*66

l*,085

l*,22l*

i*,ao8

3,6683,190

36I*

288281*

267250293

316

309290

310£71

351182651*31*

536633

753895

1,0351,111

182

3531*93

579696818

9711,080

1097881*

7791

123-

107

7883

7691

12,03511,93811,8187,173i*,a2i*

I*, 6595,0321*,887

U,307!*,1*07

17,55812,56210,175l',959

ii,661*

It, 9205,025'•,639I*,270

1*73

366368

31*1*

31*1

1*16

1*22

387373

386362

71*9

2,1003,81*6

5,91al*,391

3,8253,5303,521l*,295

I*, 008

1,601

3,0051*,963

5,1*23

3,9303,7283,1*1*8

3,912l*,036

1*06

331*

31*5

351*

31*1

350

377

319337

325272

71*8

2,0953,8255,81*3l*,288

3,6893,3683,3263,987

3.583

1,5982,993lt,925

5,3303,8133,5753,271*

3,6673,688

363290301*

313303313

331*

279299281*

239

1

52069

103136162

195307It25

2

11

3893U6151*

17I1

2I15

31*8

1*3

1*1*

ito

Ul

3737

Itit

39381*1

33

11,28721,12529,09730,35830,79131,62533,12731*, 1*91*

31*, 5063'*,905

15,95725,51530,72730,26330,99732,18833,7663l*,l*93

31*, 727

31*, 791*

3l*,8e6

3!t,81i9

3lt,839

31*, 83931*, 905

31*, 950

35,01935,055

35,11.6

35,206

January I9i) 29

.UNTIED STATES SAVINGS BONDS.

Table 3.- Sales and Redenptlons by Periods, Series B through K

(In BdUlons of doUara)

(Continued)

Accruaddlsoount

Salee plusaccmeddiscount

Badm^tlons 2/ i/

Salesprice

Aoomeddlsoooat

Aitoimt ottt-

etandlng (interest-bearing debt

n»cal yoaro:

191,1 ODd 19">2

19't3

19"A

194519"t6

19"t7

19"t8

19"t9

1950


.UNITED STATES SAVHIGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series B througti K - (Continued)

(in millions of dollars)

Accrueddiscount

Sales pluaccrueddiscount

Itedemptioae

Salesprice

Accrueddiscount

Amount out-standing ( Interest-l>earlng debt)

Series F 57

Fiscal years:

igltl and 19l»2.

igiis

19W»191*5

19^6igitT

19U819^9195019511952

CflleTn^ar years:

I9IH and 19''a.

19l>3

191*I9U5I9H6igitT

19't8

19lt9

19501951

Months:

1952-January..Februaiy,March....

AprU....MayJune

July

August. .

.

September

October.

.

Norember.

502758802

679lt07

360301

2313'»7

97

8607U5

7735953253't2

1*98

233kn

1610

9

10

1

2

919

331*7

61

73

839096

2k

13

25llO

5i

67788793

13

56

6

711

lit

66

502760811698WO1*07

36254531'»

1*37

193

861

750786621

3653965663U503217

2916

15

168

11

lit

6

3175889

11*9

203206216

19921*8

229

73577

106189203222202223259

17Ik16

181516

18

il

11*

16

3

17

5788

11*7

197198201*

185227207

73577

10l»

185196211189206

237

151311*

16

13lit

16

15lit

PP

12 plU p

1

36

912lU

2121

111*

71112

1722

1*99

1,2U2

1,9962,60l*

2,8953,0993,2553,581*

3,6993,8893,853

85I*

1,5692,2782,7932,9693,1623,5053,6153,8953,853

3,8663,8673,867

3,8653,8583,853

3,81*9

3,8383,829

3,822

3,813

Series J 6/

FlBcal yaar:

195a

January 19'?J 31

.UHITED STATES SAVUGS BONDS.

Table 3.- Sales and Redeaptions by Periods, Series B through K - (Continued)

(In mlUioiu of dollars)

Sales 2/Acoruaddiscount

Sales plusacorueddiscount

Bedefflptloos

Saleaprice

Accrueddiscount

Pacnait out-standing ( Intareat-baarlng debt)

Series G 2/

Fiscal years!

19ltl and 19't2..

19^3

ig***

191*5

19't6

19lt7

19U819't9

195019511952

Calendar years!

igltl and 19''2..

191*3

I9IA

191*5

191*6

191*7

191*8

191*9

19501951

Months:

1952-January...February..March

AprilHayJtme

JulyAugust, . .

.

September

.

October. .

,

NoTamber .

.

2,1*27

2,7592,8762,6582,1*65

2,5611,9072,39al,i*J*9

1,5231*22

3,7012,61t0

2,8912,5202,6372,2672,5731,3921,990

61.6

61U2

38

37k

-1

2,1*27

2,7592,8762,6582,1*65

2,5611,9072,3901,1*1*9

1,5231*22

3,7012,61*0

2,8912,5202,6372,2672,5731,3921,990

61*6

611*2

38

37k-1

12

55131*

22031*8

I169

566619621791*

783

3189181261.

1.26

512618613682831.

63

5663

62

6362

6960

61

5756

12

55131*

22031.8

1.69

566619621791.

783

3189

181261*

U26512618613

68e831*

63

5663

62

6362

6960

61

5756

2,Ull*

5,1197,861

10,29912,Ul611*, 50815,85017,62118,U819,17718,816

3,6696,2218,931

11,186

13,39715,15217,10817,88719,191.

19,006

19,001.

18,98918,961.

18,93918.88018,816

18,71.8

18,687

18,627

18,57018,511.


.UNITED STATES SAVINGS BOHDft.

Table 4.- Redenptlone of Matured and Unmatured Savings Bonds

(In i.iin~.. of toU«n)

January 195

J

33

.TREASURY SAVIMGS NOTES.

Treasury tax and savings notes have been Issued in

five series: Tax Series A from August 1, 19'tl, through

June 22, 19'+3; Tax Series B from August 1, 1941, through

Septei^er 12, 19*^2; Savings Series C (originally designated

Tax Series C) from September lit, 1942, throu^ August 3I, 1948;

Savings Series D from September 1, 1948, through May 14, I95I;

and Savings Series A beginning on May I5, 1951-

Detail* concerning terms and conditions for purchase

and redemption and Investment yields of Savings Series A

appear In the June 1951 Issue of the "Treasury Bulletin",

page A-1. Similar Information with respect to Savings Series D

will be round In the October 1948 and September I949 Issues,

and with respect to Savings Series C In the October I945

Issue. For details concerning term* aid condition*, invest-

ment yields, and tax payment or redemption values of

Series A and B, see 'Annual Report of the Secretary of the

Treasury" for 1942, pages 20/ and 220, and for sales and

redemptions by fiscal years and months, see 'Treasury

Bulletin" for February 1946, pages 42 and 43.

In the following tables sales and redemptions of

Treasury savings notes are shown at par value. Matured

notes redeemed (either for cash or for tax payment ) are

Included in the figures on redemptions. Matured notes

outstanding are reflected in the intereit-bearlng debt

until edl notes of the series have matured, when they are

transferred to matured debt upon which Interest has ceased.

Table 1.- Sales and Redemptions by Series, Cintiulatlve through November 30, 1952(In mllllona of dollare)

3'^ Treasury Bulletin

.OWNERSHIP OF FEDKRAL SECURITIES.

Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues(In millionB of dolleirs)

January 195) 35

.OVWEPSHIP OF FEDERAL SECURITIES.

Table 3.- Estimated Omershlp of Federal Securities

(Par values l/ - In blllloofl of dollare)

End ofmonth

TotalFederalseourltlaoutatand-lng 2/

Held by banks

Coclalbanks

FederalReaerre

U. S.

GovernmentInTestmentaccounts U/

Held by private nonbank Inveatora

Individuals ^Total Savings other

bonds

InsuranceccDipanles

Mutualsavingsbanks

Corpor*-tlons 6/

State andlocalgovom-monts 2/

Miscel-laneousinvestorsU/8/

1939-DeceBiber.

iglio-june

D«c«nber.

igltl-June

December.

19l*2-June

Deconber.

19li3-June

Deccniber.

19lt4-June

Deconber.

19U5-Juiie

Dec eobar.

I9J+6-February (Peak)JuneDecanbar. ..

.

19U7-JuneDeconber.

19l>8-Juiie

Deconber.

1949-JuneDecember.

1950-JuneDecember.

1951-MarchJuneSeptonber.Docembar.

.

1952 -January.

.

February.March. ...

April.May...June.

.

JulyAugust. ..

.

Septonber

.

October p.

k7.6

lt8.5

50.9

55.361*.

3

77.0112.5

lliO.S

170.1

202.6232.1

259.1278.7

279.8269.9259.5

s58.lt

257.0

252.lt

252.9

252.8257.2

257.lt

256.7

255.0255.3257 .It

259.5

259.8260.lt

258.1

258.3260.0259.2

263.1263.2262.7

265.0

18.U

18.619.5

21.823.7

28.7117.3

59.lt

71.5

83.396.5

106.0115.0

116.7108.2

97.9

91.991.3

85.9

82 .It

85.7

83.982.6

80.781.1.

83.285.lt

81t.8

83.882.6

82.883.38I1.O

85.581t.9

85.2

86.5

15.9

16.117.3

19.721.lt

26.0M.l

52.2

59.9

68.lt

77.7

90.8

93.88lt.lt

7it.5

70.068.7

6J1.6

62.5

63.066.8

65.661.8

57.858.it

59.561.6

62.161.260.1

60.;61 .0

61.L

62.761.861.5

63.0

2.5

2.52.2

2.2

2.3

2.66.2

7.211.5

lit.

9

18.8

21.82lt.3

22.923.823.3

21.922.6

21.lt

23.3

19.31B.9

18.320.8

22.923.023.723.8

22.722.522.5

22.422.322.9

22.923.123.7

23.5

6.5

7.17.6

8.59.5

10.612.2

lit.

3

16.9

19.121.7

2lt.9

27.0

28.029.130.9

32.83lt.lt

35.837.3

38.339.lt

37.839.2

39.8itl.o

lt2.0

It2.3

lt2.7

lt2.9

43.0

It3.2

It3.7

ltlt.3

ltlt.6

It5.0

45.1

lt5.1

22.7

22.823.9

25.031.0

37.753.0

67.081.7

100.2lllt.O

128.2136.6

135.1132.6

130.7

133.7131.3

130.7129.7

132.2132.1

135.613 It.

9

134.5132.9132.2131.8

132.3133.

B

132.5

132.3132.9130.8

132.9133.3132.5

133.4

10.110.6

11.213.6

17.823.7

30.937.6

46.3

53.3

59.564.3

64.163.464.2

66.465.7

65.865.5

66.766.1

66.865.2

65.264.463.863.6

63.764.364.5

64.163.963.5

64.0

63.963.8

63.9

1.9

2.62.8

3.65.4

9.113.4

19.224.7

31.236.2

40.742.9

43.3lt3.5

44.2

lt5.5

46.2

47.147.8

48.849.3

49.949.6

49.349.149.049.1

49.149.149.1

49.149.049.1

49.149.149.1

49.1

8.2

7.57.8

7.68.2

8.710.3

11.712.9

15.117.1

18.921.4

20.820.020.1

20.919.4

18.6

17.6

17.916.8

17.015.6

15.915.314.8lit.

5

14.615.215.4

15.114.914.4

14.914.814.8

14.8

6.3

6.56.9

7.18.2

9.2U.3

17.319.6

22.724.0

22.821.2

20.520.1

19.818.7

17.917.116.816.4

16.416.316.2

16.215.915.7

15.916.016.1

16.0

3.1

3.13.2

3.4

3.7

3.94.5

5.36.1

7.38.3

9.610.7

11.111.511.8

12.112.0

12.0

11.5

11.611.4

11.610.9

10.510.210.19.8

9.89.89.8

9.89.89.6

9.89.79.7

9.6

2.2

2.12.0

2.04.0

4.910.1

12.916.4

20.021.4

22.922.0

19.917.715.3

13.914.1

13.614.8

15.717.0

19.020.8

21.321.121.221.6

21.922.621.2

20.721.620.0

20.821.220.7

21.0

.4

.4

.5

.6

.7

.9

1.0

1.52.1

3.24.3

5.36.5

6.76.56.3

7.17.3

7.87.9

8.08.1

8.7

9.19.49.59.6

9.910.010.1

10.210.210.4

10.710.810.9

10.9

.7

.7

.7

.9

1.12.3

3.44.4

6.17.0

8.39.1

8.98.68.1

9.68.4

8.78.9

9.69.4

9.710.5

10.510.810.810.8

10.510.810.6

U.311.511.7

11.

a

11.6u.3

12.1

^ lAiltad Stat«s Barings boodB, Series A-F and J, are Included at

curr«iit red«Bptlon ralues

,

2/ Securities laeued or guarantead by the U. S. GoramBa&t, excludingguaranteed securities held by the Treasury.

^ Consists of comnerclal bauks^ trust ccmpanles, and stock sarlngs banksIn the United States and In Terrltarles and Islend poaseeelons.Figure* exclude securities held In trust departments.

4/ Holdings by Federal land banks are Included under "Miscellaneousinrestors" instead of "U. S. GoremBont inrestasnt accouats" beginningJune 30, 1947, since tlie proprietary interest of the United Statesin these banks eulsd June 26, 1947.

^ Includes partosrehlpe and personal trxiet accounts. Honproflt institu-

tions and corporate pension trust funds are included under "MiscaUonaousinrestors'

.

6/

1/

8/

ElxclttSlTe of banks and Insurance ccnpcuiles.

Conslsta of trust, sinking, and investasnt funds of State and localgovernaents and their agencies, and Territories and Island possess Ions.Includes savings and loan assoclatloas, nonprofit Institutions,corporate pensloKi trust funds, dealers and brokera, and InvaetiMntaof foreign balances and Inteamatlaaal accotmta In this countrr. Be-ginning Deceaber 19^, Includes lnveataenta by the IntenuttlonalBank for Beoanstruotlon and Dereloiasnt and the Intematicsi&l MonetaryFood In special nanintarest-bearlng notes Iseued by the U. S. Gorem-aent.Frelljdjuury.


.TEEASUPY SURVEY OF OWNERSHIP, OCTOBER 31, 1952.

The Treasury Survey of Ownership covers securities

issued by the United States Qovernment and by Federal

agencies. The banks and Insurance companies Included

In the Survey account for approximately 95 percent of

such securities held by all banks and Insurance oompanles

In the United States. Data were first published for

March 31, 1941, In the May 1941 "Treasury Bulletin".

Information on the distribution of ownership by types

of banks and Insurance companies Is published each month.

Additional Information showing the holdings of commercial

banks distributed according to Federal Reserve member

-

bank classes and nonmember banks Is published for June 30

and December 3I.

Section I.- Securities Issued or Guaranteed by the United States Government

Table 1.- Summary of All Securities

(Par Tttluee - in millions of dollars)

January 195J 37

.THEASUPY SURVEY OF OWNERSHIP, OCTOBER 31, 1952.

Section I - Securities Issued or Guaranteed by the United States Government

Table 3.- Interest-Bearing Public Marketable Securities by Issues


.TREASUPY SURVEY OF OWNERSHIP, OCTOBER 31, 1952.

Section I - Securities Issued or Guaranteed by the United States Government

Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)

(Par Taluea - In mlillonfl of dollars)

Januarij 195

J

39

. THEASUPY SURVEY OF OWNERSHIP, OCTOBER 31, 1952.

Section II - Interest-Bearing Securities Issued by Federal Agencies but

not Guaranteed by the United States Government(Par veLLues - In millions of dollars)

1^0 Treasury Bulletin

.MARKET QUOTATIONS, NOVEMBER 28, 1952.

Current market quotations shown here are over-the-

counter closing 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 In Section I Include all public

marketable securities Issued or guaranteed by the

United States Government except those not regularly

quoted In the market. The Issues excluded are postal

savings bonds and Federal Housing Administration

debentures. The latter are the only public marketable

interest-bearing guaranteed securities outstanding.

Section II lists the public marketable securities

Issued by Federal agencies but not guaranteed by the

United States Q-overnment. Dally quotations for the

securities listed In Sections I and II are published

monthly in the Treasury Department statement, "Prices

and Yields of Public Marketable Securities Issued by

the United States Government and by Federal Agencies".

Section I - Securities Issued or Guaranteed by the United States Goverranent

Table 1.- Treasury Bills (Taxable)

Amount

January 195? 1+1

.MARKET QUOTATIONS, NOVEMHEE 28, 1952.

Section I - Securities IsBued or Guaranteed by the United States Government

Table 3.- Other Taxable Issues - (Continued)

(Price decimals are 32nda)

h2 Treasury Bulletin

.MAPKET QUOTATIONS, N0VEKHE3? 28, 1952.

Section U - Securities Issued by Federal Agencies but not Guaranteed by the United States Government

Table 2.- Other Issues (Taxable)

(Price decljnalB are 32cBi8)

Amotmtout-etand-Ing

(mll-llone)

DescriptionChangeIn

meanfromlastmonth

Yield

Tofirstcall

Changefromlastmonth

Issuedate

Price range i/

Since first traded

High

In 1952

High

Price Date Price Date

$30ItO

1*0

75677690

lltO

186llU

72215233

Central Ban]c for Cooperatives debentures

:

l-5/8jt - 2/1/532-1/8 - 6/1/532-1/2 - 2/1/51*

99.2''

99.2899.28

Federal Home Loan Bank notes;

2i - 2/16/53 -A

2 - 2/16/53 -B

2.30 - '•/15/53-C

2.20 - -ilVihl-^i2.30 - 8/17/53 -E

Federal Land Bank bonds

l-l/2)t - 1/1/51-532-1/lt - fi/1/53-55

2-1/2 - 11/1/51*

1-3/1* - 10/1/55-572-5/8 - 5/1/56

99.3099.30100.00

99.3099.30

11/

99.2999.01*

99.2695.3099.16

99.30100.02100. Ol*

100.00100.00100.02100.00100.01

99.3199.12100.00

96.0699.21*

99.2799.31100.00

99.3199.31100.0199.3199.3ii

99.3099.0899.2996.0299.20

.00

.00

-.02

.00

.00

.01

+.02-.01*

-.03-.06-.10

2.53*2.192.50

2.U2.112.212.282.33

2.212.61 i/2.552.62 5/2.71*

.27*

.01

.05

.03

.02

.01*

-.07

+.07+.05+.05+.10

2/1/506/2/52

10/1/51

5/15/526/13/528/15/52

11/17/5211/17/52

1/2A62/1/1*5

11/1/5110/1/1*9

5/1/52

100.06100.00100.13

100.02100.00100.02100.00100.00

101.22

105.31100.21*

100.12100.17

1/12/505/28/525/8/52

5/22/5210/29/5211/10/5211/25/5211/25/52

3/11/1.6

3/12/1*6U/21/52

9/22/1*9

5/19/52

98.2099.2799.21*

97.3099.0899.2194.2699.20

8/3/51lo/lU/5212/28/51

9/17/529/17/528/21/5211/28/5211/18/52

3/8/1.8

11/28/5212/28/5112/28/5111/28/52

99.31100.00100.13

100.02100 .00

100.02100.00100.00

99.30100.01*

100.21*

97.05100.17

10/95/285/8

5/2210/2911/1011/2511/25

11/285/281*/21

5/275/19

99.0099.2799.26

99. ol*

99.0899.2691.. 30

99.20

1/210/11*

1/8

9/179/178/21U/28U/18

1/1*

11/28

1/31/2

11/28

i

'i

Tai Anticipation Series.Not quoted on November 28, 1952. 6/Prices are the mean of clostng bid and aak quotations in the over-the- 2/counter market, except that prices of Treasury bonds for the period

prior to October 1, 1939, are cloelng prices on the New York Stock 8/Exchange. "When issued" prices are included In history beginning 2/October 1, 1939. Dates of highs and lows, in case of recurrence, are

the latest dates

.

10/

Not called for redemption on March 15, 1953. 11/

Yield to maturity. Market convention treats the yield to earlieat call

date as more significant iriien an issue Is selling above par; the yield to

maturity as more significant when an leeue is selling at or below par.

Callable on U months* notice on June 15, 1953

•

Included in the average yield of long-term taxable Treasury bonds as

shown imder "Yields of Treasury and Corporate Bonds" .

For definition, see "Debt Outstanding", Table 3. footnote 1,

All partially tax-exempt except Panama Canal bonds, which are whollytax-exempt.Amount issued on December 1, 1952, was $72 million.

Excludes issues completely held by Farm Credit Administrationagencies. The proprietary Interest of the United States In theFederal land banks ended on June 26, 19^7'

January 195) ^}

.MAEKET QUOTATIONS, NOVEMHEJ? 28, 1952.

YIELDS OF TREASURY SECURITIES. NOV. 28,1952Based on Mean of Closing Bid and Ask Quotations

PERCENT

3.00

2.60

2.60

2.40

2.20

2.00

1.80

1.60

1.20

PERCENT

3.00

2.80

260

2.40

2.20

2.00

180

1.60

1.40

1.20

1.00

.80

.60

.40

.20

Explonolion The points represent yields to coll when prices ore above par, and to maturity date when prices are at par or belowThe smooth curves for the various classes olpoints ore fitted by eye Issues for which an exchange offer has beenmode or which ore due or callable in less than 3 months are excluded.

Oflice of the Secretory of Ifie Treasury. Office of tfie Tecl>n(Col Staff

l^i^ Treasury Bulletin

.YIELDS OF TPEASUBY AND CORPORATE BONDS.

Table 1.- Average Yields of Long-Term Bonds by Periods

(Percent per annum)

Treaaury bonda

PartlaUytax-exempt1/

Taxable

1/

High-gradecorporatebonde

Treasury bonds

Partialistax-exempt

1/

Taxable

1/

High-gradecorporatebonds

Treasury bonds

Partiallytax-exempt

1/

Taxable

1/

Annual aerlea - calendar year averagea of monthly aerlea

1931*

19351936193719381939

19U7-Jan.Fet.Mar.

Apr,,

Hay.,

June

July,Aug.Sept

Oct.,

Not.,

Dec,

19lt8-Jan.

,

Feb.,

Mar.,

Apr.,May.,

June,

July,Aug.,

Sept,

Oct..Hot.,

Sec.,

3.122.792.69S.Ik2.612.UI

3.933.I16

3.193.273.1aa. 92

191*0

.

191*1.

191*2.

191*3.

ighh.191*5.

2.262.052.091.981.921.66 1/

2.1>6

2. 1*7

2.1*8

2.37

2.772.672.752.61*

2.602.51*

191*6.

191*7.

191*8.

191*9.

1950.1951.

2.192.252.1*1*

2.312.322.57

Monthly aerlea - areragea of dally aerlea

2.212.212.19

2.192.192.22

2.252.21*

2.21*

2.272.362.39

2.1*5

2.1*5

2.1*1*

2.1*1*

2.1*2

2.1*1

2.1*1*

2.1*5

2.1*5

2.1*5

2.W*2.1*1*

2.1*8

2.1*8

2.1*9

2.1*9 2/2.1*9

2.50

2.512.512.57

2.682.752.86

2.852.81*

2.81

2.772.71*

2.73

2.802.862.85

2.852.862.81

191*9 -Jan..Feb..Mar..

Apr.

.

May..June.

July.Aug..Sept.

Oct..Not..Sec..

1950 -Jan.

.

Feb..Mar..

Apr..May..June.

July.Aug..Sept.

Oct..Nov..Dec.

2.1*2

2.392.38

2.382.382.38

2.272.21*

2.22

2.222.202.19

2.202.21*

2.27

2.302.312.33

2.31*

2.332.36

2.382.382.39

2.732.732.71

2.592.562.55 1/

2.51*

2.51*

2.55

2.572.572.59

2.612.582.62

2.651*/2.662.66

1951-Jan.

.

Feb..Mar..

Apr.

.

May..June.

July.Aug..Sept.

Oct..Not..Sec.

1952 -Jan..Feb..Mar,.

Apr. .,

May...June.

,

July.,Aug.

.

Sept.,

Oct.Not.

2.392.1*0

2.1*7

2.562.632.65

2.632.57a.56

2.612.662.70

2.7I1

2.712.70

2.61* 5/2.572.61

2.61

2.702.71

2.71*

2.71

Weelcly aeries - aTeragea of dally aerlea for weeks ending

1952-June 7.

ll*.

21.

28.

July 5.

12.

19.26.

1952 -Hot. 3

.

I..

5.

6.

7.

10.

11.

2.622.612.612.62

2.622.612.592.60

2.952.952.952.96

2.962.972.972.96

1952 -Aug. 2.

9.16.

23.

30.

Sept. 6.

13.20.27.

2.63

Januarij 19jj ^5

.YIELDS OF TEEASUEY AND CORPORATE BONDS.


.nnSRHAL BEVHfUE COLUCTIORS.

Table 1.- Sinnary by Principal Sources^(in thousazidfi of dollare)

Fiscal Tearor oo^th

Total Te-ceipta fr<x&

internalreveniie

(DallyTrea6ui7Statement)

MJustanent ofoolleotlonato DailyTreafluiy

Statement

Tot«aintern^revenuecollections

Corporationincc^ andprofitstaxes 2/

IndlTidnal Inoome tax and eoiployaient taxes

IMlTldualinoaue taxnot with-hold i/

IndlTilualInocne *-^''

withheld k/

OU-ageInanraacetaxes k/

Ballroadretixe-oent

Unemploy"mentinsurance

I9U2191*3

191*1*

191*5

191*6

191*7

191*8

19'*9

195019511952

1952-January.

.

February

,

March....

AprilMayJune

JulyAugust..

.

Septanber

Ootober..

12,993,11822,11*3,9691*1, 681*,9871*3,902,002

1*0,310,333

39,379,1*09Ul, 853, 1*85

1*0,307,28539,1*1*8,607

51,106,09565,63l*,89l*

11,769,509

6,062,72310,61*0,963

5,03l*,852

l*,l*90,907

9,992,383

3,1*13,233•,lW38,351

6,710,598

3,150,106

-36,797-22l*,755

+1,565,1*77+101,661*

-361,589

+271,136-11,051

-155,831*

+1*91,1*82

+660,1*09

+625,502

-1*3,595

-908,271+1,107,122

+7,1*01

-939,910+1,199,593

-1*30,755

-988,280+1,1*32,218

-550,7'H

13,029,91522,368,721*

1*0,119,510

1*3,800,3381*0,671,922

39,108,2731*1,861*,536

1*0,1*63,119

38,957,12650,1*1*5,686

65,009,393

1*, 813, 1056,970,991*

9,533,81*1

5,027,1*51

5,1*30,817

8,792,790

3,81*3,988

5,396,6315,278,380

3,700,81*7

1*, 71*1*, 0839,668,95614,766,79616,027,21312,553,602

9,676,75710, 171*, 1*10

11,553,66910,851*, 351l'*,387,569

21,1*66,910

807,1*68

310,6115,912,713

1,277,897350,539

5,659,129

957,770356,938

2,1*1*1,771

927,1*71

I*, 1*1*8,162

8,128,63719,999,37820,813,1*91

20,1*05,361*

21,367,66223,379,12320,527,93519,797,88326, 621*, 78833,738,370

3,177,81*55,81*0,010

2,789,962

2,920,5201*, 250,1*96

2,281,619

1,939,176'»,190,037

1,969,671*

1,805,1*86

3,262,8005,91*3,917

10,1*37,5708,770,091*8,81*6,91*7

9,501,0159, 1*61*, 201*

7,996,3207, 261*, 3329,907,539

11,31*5,060

2,329,9551,1*61*,2982,133,195

1,583,272221,1*1*6

1,1*77,728

393,12593,368

1,652,593

161*,390

686,0157,823,1*35

10,261*,219

9,857,589

9,81*2,282

11,533,57710,055,5029,888,97613,089,76917,929,«7

895,3361,131,51*6

1,290,0251,307,9311,237,825

1,1*58,931*

1,612,7211,687,1511,873,1*01

2,810,7503,58l*,026

8ll*,231

1*, 172,031536,555

1,330,2923,955,1*69

706,625

1,538,7811*,012,275

231,71*1*

1,633,657

170,1*09

211,151265,011281*,758

281*,258

379,555560,113562,731*

51*8,038

579,778620,622

3,8771*2,713

106,721*

3,5W*

58,60594,986

3,026

69,75581*, 571*

3,290

119,617156,008183,337186,1*89

178,71*5

185,876208,508226,228223,135236,952259,616

29,782160,96913,1*88

3,1*12

ll*,976

2,279

U,2l*3

11*, 639763

1*,X"*7

January 195)

INTERNAL REVENUE COLLECTIONS.

^7

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

DOLLARS"Billions

36

34

32

30

28

26

24

22

20

18

16

14

12

10

8

6

4

2

4

2

Individual Income Tax andEmployment Taxes

DOLLARSBillions

1938

ug Treasurij Bulletin

INTERNAL REVENUE COLLECTIONS.

Table 2.- Detail of Collections by Type of Tax -i/

( In thousazids of dollars

}

Typo of tax

Fiscal year

1951 1952

First k nonthe offiscal year

1952 1953

Fourth Bonth offiscal year

1952(October 1951)

1953(October 1952)

Corporation Incoma and profits taxes 2/

InilTldual incoae tai and eaploynant taiee :

JXLCaae tax not withheld 3/ •

Income tax withheld and old'age Insurance U/

Ballroad retirementUnemployment Insurance

Total Individual Income tax and employment taxes

Miscellaneous Internal reTeoue:

Estate tax

Gift tax

Liquor taxes:Distilled spirits (imported, excise)

Distilled spirits (domestic, excise)

Dlstillod spirits, rectification tax

Wines, cordials, etc. (Imported, excise)

Wines, cordials, etc. (domestic, excise)

Dealers in distilled spirits; rectifiers; manufacturers

of stills ( special taxes

)

Stamps for distilled spirits Intended for export

Case stamps for distilled spirits bottled in bond

Container stazops

Floor taxesFeimented malt liquorsBrewers; dealers in malt liquors (special taxes)

Total liquor taxes

Tobacco taxes:

Cigars ( large)

Cigars (small)Cigarettes ( large)Cigarettes ( snail)Snuff .„

Tobacco (chevtng and smoking)Cigarette papers and tubes

Leaf dealer penalties , etc •••.• .•••Cigarette and cigar floor taxes

Total tobacco taxes •

Stamp taxes:

Bonds, Issues of capital stock, deeds of conveyance,

etcTranafers of capital stock and similar Interest sales....

Playing cardsSilTBT bullion sales or transfere

Total stamp taxes

Manufacturers' excise taxes:Lubricating ollBGasolineTires and tubesAutomobile trucks and busses

Other automobiles and motorcycles • •.

Farta and accessories for automobiles •...•.....

Electrical energy ^Electric, gaa, and oil appliances

Electric light bulbs and tubes

Eadlo sets, phccographs , television sets, ccmponents, etc.

Phonograph recordsMusical instruments

Mechanical refrigerators, alr-condltloners , quick-freeze

units , etcMatchesBusiness and store naolilxus...

Photographic apparatusSporting goodsFirearms, shells, and cartridgesPistols and revolversMechanical pencils, pens, and lighters 6/

Total manufacturers ' sxcise taxes

lit, 387,569

9,907,53915,900,519

579,778236,952

26,6211,780

638,523

91,207

172,362l,57lt,'t72

38,0533,738

63,516

9,16112

1,090l't,921

12

665,009l|,ll62

2,5116,807

ltlt,220

56

71,293,966

7,23533,870i.oui

11

1,380,396

56,10528,6798,222

100

93,107

97,238569,01*8

198,383121,285

653,363119,'tT5

93,181*

121,99630,281*

128,1877,00710,756

96,31910,169ltli,li91

1*6,020

17,86217,»6

762

2,383,677

21,U66,910

ll,5't5,06o

21,313,072620,622259,616

It, 31*0, 180 't,683,950

33,738,370

750,591

82,556

187,1*791, It02,220

31,8:23,753

68,621

15,2lt9

281,285

12,08099,262722,150

5,llt8

2,5lt9,088

ltl(,760

5012

l,l»7U,o60It, 796

22,817913

2

17,752

1,565,162

511,979

22,5777,353

86

81t,995

95,286713,171*

161,362ll*7,ltli5

578,11*9l6li,135

53,091*

89,51*1*

30,736118,21*1*

6,8809,1*12

57,9708,032

1*8,515

33,76616,50110,6791,172l*,8l6

2,31*8,911*

1,927,1196,095,181

158,50221,131*

8,201,936

222,960

3,830

61,21*7

1*90,137

12,2251,02U

19,711

6,1*01

6

5331*,627

1

253,5363,079

852,526

15,691*

17

3

1*73,600

2,01510,805

351

502,1*86

19,6797,1072,323

33

29,11*3

28,758221*, 37757,89338,503

180,9791*0,25932,71lt

26,831*

8,32221*, 861*

2,6312,693

19,9lt3

2,72915,lt08

16,9506,087It,006

lt29

73lt,378

2,303,lt76

7,1*16,1*58

160,61*7

23,793

9,901*, 373

265,856

3,113

61,605560,75710,8831,158

25,055

11,61*0

31671

1*,188

27,310286,259

3,723

993,281

16,1*71

17

3

568,7381,21*2

6,279267

113

593,032

21* ,229

1,9052,598

18

28,750

25,768322,10355,8356o,Ol*T

171,32657,971*

33,961*

10,23136,5871,71*7

3,361

30,21*4

3,201*

16,85110,2505,1*69l*,76l*

3203,168

853,213

511,878

211*, 681*

1,226,5291,9903,1*90

1,1*1*6,691*

51,039

1,1*21

20,701173,325

l*,l*81*

38I*

6,251

201

3

2381,566

«

55,989115

263,256

l*,605

51

131,1*42

384

2,203

138,727

4,7721,932

814

5_

7,523

7,86760,03314,95710,04243,27010,3908,3886,314

3,0457,6121,019868

4,338671

3,9574,3931,0451,310

45

189,564

927,471

164,3901,633,657

3,2904,147

1,805,486

55,660

974

20,321188,579

3,862454

7,997

32125

263

1,377176

61,558118

285,051

4,894

51

149,394382

1,75795

156,530

4,9171

8331

5,752

6,47580,89915,0189,666

39,07215,868

10,3301,623

13,85813

1,270

8,0431,0124,2162,1611,3251,279

291,071

213,228

Footnotes at end of table. (Continued on following page)

January 195) 1^9

-INTERNAL REVENUE COLLECTIONS.

Table 2.- Detail of Collections by Type of Tax JJ. (Continued)

(In thousandB of dollars)

Type of tai

Fiscal yoar

1951 1952

First U months offiscal year

1952 1953

Fourth Bonth offiscal year

1952(October 1951)

1953(October 1952)

Miscellaneous Internal revenue (continued);

Retailers* excise taxes:FursJevelryLuggageToilet preparatlGos

Total retailers' exelse taxes

MlscelXaneoxis taxes:

Sugar Act of 1937Telephone, telegraph, radio, and cable facilitiesLocal telephone eerrloe k

Transportation of oil by pipe lineTransportation of persons , etcTransportation of propertyLeasee of safe-deposit boxesMffilsslons to theaters, concerts, etc

Admissions to cabarets, roof gardens, etc

Club dues and initiation feesBovllng allsys , pool tables , etc

Coin Operated devicesAdulterated and process or renovated butter, and filled

cheeseNarootioe, including marihuana and special taxes

Coconut and other vegetable oils Fa:'ooeased

Rational Flreoras ActDiesel oil 1/Wagering taxes ^All other, inclining repealed taxes not shown separatelj

Total miscellaneoua taxes

Total miscellaneous intexnal revenue

Total internal revenue oolleotions

Adjuslanent to Dally Treasury Statenant

Total receipts from Intamol revenue (Dally Treaaury Statement).

57, Soil

210,23982,831

106,339

'*57,013

80,19235'',66o

290,3202U,9l*6

237,61738l,3'»2

9,569

30,1203,610

20,731

U666

19,0889

381

l,8lk2,598

9,1*33,328

50,U45,686

+660,U09

51,106,095

Source: Daily Treasury Statement for total receipts froa Internal revenue;

reporta by the Bureau of Internal Bevenue for oolleotions by type of

tax. Detail by type of tax is available only on a collection basis.

Receipts on the Dally Treasury Statement basis are compiled flxaa the

latest dally reports froaa Government depositaries; they do not coincide

vlth amounts reported by the Bureau because of the lag In deposits of

oolleotions and because certain taxes are paid directly into the

depositaries.1/ Excludes collections for credit to certain trust aooounta for island

possessions; includes corporation Income tax on Alaska Railroad

(repealed by Public Lsif 386, approved June 10, 1952, for taxable

yeare ending after that date)

.

2/ Includes excess profits toxeer on Army and Navy oontrocta impoaed by

the Vinson Act 'as amended (3U U.S.C. 1*96), and Income tax on business

Incoiw of sxempt organizations. Imposed by the Revenue Act of 1951,

approved October 20, 1951.

3/ Includes old-age Ineursnoe tax 00 self-employmsnt income. Imposed by

51,lt36

220,lt03

90,799112,892

'»75,530

78,lt73

395,'*3l*

310,33726,881

275,174388,58910,211

330,78245,^8933,5923,597

18,823

U

91515,205

297,1385,31*5

1,261

1,91*7,276

9,1*22

62,97226,66036,219

135,273

29,81211*2,123

K)2,0318,870

98,39513l*,l*61*

3,551131,80616,15810,1*50

2,861*

13,216

1310

l*,792

U

98

9,31*6

66,03128,70733,170

139,251*

29,1*22

159,059122,81112,261*

108,133135,966

I*, 1*36

121,66216,059U,7522,77613,900

1315

6.51*7

55,2093,993

715

698,91*1* 755,021*

9,8ol*,112 3,179,51*0 3,631,523

65,009,393

+625,502

15,721,656

-239,1*10

18,219,81*6

-537,559

65,631*, 891* -15, 1*82, 21*5 17,682,288

l*,213

16,1197,0229,366

36,720

6,3661*1,123

33,1982,678

28,00937,1*21

79137,527l*,62lt

2,21*8

266

731

61•163

1

-726

195,080

883,331

2,81*1,902

-303,329

2,538,573

3,76115,9587,01*5

8,1*39

35,201*

8,01253,911*

37,2552,112

29,37639,2161,177

32,2101*,022

2,356236559

1*3

2,377•

1,51093118I»

215,1*92

967,891

3,700,81*7

-550,71*1

3,150,106

!*/

2/

u

the Social Security Act Amendments of 1950 (Public La» 731*), approved

August 28, 1950. The tax is levied and collected as part of the

individual inccns tax beginning vith the taxable year 1951. Forestimated fiscal yesr brealcdcnm, see Table 1.

Beginning January 1951, withheld Income tax and social security

amployiwnt taxee on employere and employees sre paid Into the

Treasury In coobinad amounts without separation as to type of tax,

pursuant to the Social Security Act Amendments of 1950. 7or estimated

fiscal year breaUonm, see Table 1,

Repealed, effective Rovember 1, 1951, by Bevenue Act of 1951. Be-

ginning July 1952, included with other repealed taxes under "Miscel-

laneous taxes"

.

Effective Noveaber 1, 1951, under Revenue Act of 1951.

Applies to dlesel all used In highway vahioles; effective Hovember 1,

1951, under Revenue Act of 1951.Lees than $500.


-MOItKTABY STATISTICS.

Table !•- Money In Circulation

(in mllllona of dollars eicept as noted)

Bod of fiecalyear or month

Totalmoney In

circula-tion 1/

Paper money

Totalpapermoney

Goldcertlf-icatea

2/

Silvercertif-icates

Treaaurynotesof 1890

UnitedStatesnotes

FederalReservenotes

FederalBe8er7eBankno tee

y

Nationalbanknotes

y

Wl-SigiiS

WliT19hR19'»9

195019511952

1951 -Dec ember.

.

1952 -January...February .

.

March

AprilHayJune

JulyAugust. , . ,

September.

October. .,

NoTember p.

26,7lt6

28,2lt5

28,29727,90327, '•93

27,15627,80929,026

29,206

28,38628,1*65

28,1*73

28,1*61*

28,76729,026

28,97829,29329,1*19

29,6Wt30,226

25,5'H26,91*5

26,91*226, I*Be

26,031*

25,66126,23127,31*8

27,552

26,75526,83526,836

26,81327,10227,31*8

27,29227,59827,71't

27,92228,1*90

52

501*8

lt5

1.3

1*1

3938

38

383836

363836

3838

37

3737

,651

,025

,061

,061

,061

,177,09s

,068

2,079

1,9661,9982,030

2,01*1

2,0902,088

2,0632,0802,095

2,0932,ni*

323

317320321319

321318318

316

308313

315

315316318

315316318

317322

22,86723,97323,99923,50023,209

22,76023,1*562lt,605

2U,807

21*, 13521*, 17921*, 11*7

2U,ll62U,35621*, 605

2U,580

21*, 870

2'*, 971

25,181.

25,727

5271*61*

U06

353309

271*

21*3

221

232

229228226

223222221

218217215

211*

212

120ni*

106

9993

8681

77

79

797978

78

78

77

77

]l

7676

January 195) 51

.HDHETABY STATISTICS.

Table 2.- Monetary Stocks of Oold and Silver

(Dollar amounts In mllllone)

End of fiscalyear or month

Oold

(35 P«rfine ounce)

Sliver($1.29* perfine ounce)

Ratio of allTerto gold andsilver In

monetary stocks(In percent)

i?"*;

I9U6I9U7WitS19''9

195019511952

1951-Dec ember. .

.

1952 -January . . .

.

February . ,

.

March

AprilMayJune

JulyAutjust. , . ,,

Septeasber.

,

October. . .

,

November p.

20,213.020,269.921,266.523,532.52li,U66.3

211,230.7

21,755.923, SI'S.

5

22,695.5

22,951.123,190.923,290.5

23,297.123,296.123,3'»6.5

23,350.523, 3'*.'*

23,31*2.0

23,339.323,337.2

3,685.33,508.1i

3,525.73,571.03,618.3

3,671.53,718.53,768.5

3,7'tl.3

3,7't6.3

3,751.13,755.1

3,760.83,761t.9

3,768.5

3,773.33.7T7.83,781.2

3,785.''

3,787.7

15. ii

llt.B

lit .2

13.212.9

13.2lit.

6

13.9

lit .2

lll.O

13.913.9

13.9

llt.O

lU.O

Source: Circulation Statement of U. S. Money; Dally Treasury Statement forpreliminary figures. For detail of silver monetary stock, see Table It.

p Preliminary.

Table 3.- Gold Assets and Liabilities of the Treasury(In mllliona of dollars)

End of calendaryear or month

Gold assets

Liabilities

Gold certif-icates 1/

Gold reserveagainst U. S.

notes, etc. 2/

ExchangeStabilizationFund i/

Gold In

General Fund

19'»5

19lt6

191*7

191*8

191*9

19501951

1952 -January....February. .

.

March

AprilMayJ\ine

JulyAugustSeptember.

.

October. . ..

Ncrreaber p.

20,061* .9

20,529.022,753.92lt,2lt3.9

21t,lt27.1

22,706.122,695.5

22,951.123,190.923,290.5

23,297.123,296.123,31*6.5

23,350.523, 31*1* .1*

23,31*2.0

23,339.323,337.2

17, 911*.

1

18,1*30.5

21, 51*1*.

23,010.023,217.9

21,1*97.5

21,506.5

21,769.622,030.522,153.5

22,11*3.722,11*1.3

22,181.1

22,l81*.0

22, 181*.

3

22,l8U.3

22,176.822,182.3

156.0156.0156.0156.0156.0

156.0156.0

156.0156.0156.0

156.0156.0156.0

156.0156.0156.0

156.0156.0

1,800.01,800.0

191*.

8

llt2.lt

1,053.91,077.91,053.2

1,052.61,032.9

1,025.31, O0lt.lt

981.0

997.1*

998.71,009.3

1,010. It

l,ooii.l

1,001.7

1,006.599S.9

Source: Circulation Statement of U. S. Moneyj Dally Treasury Statement for

prelijnlnary figures.1/ Comprises (1) gold certificates held by the public and In Federal Reserve

Banks; and (2) gold certificate credits in (a) the gold certificate fund -

Board of Governors, Federal Reserve System, and (b) the redemptionfund - Federal Reserve notes.

2/ Reserve against United States notee and Treasury notes of I89O.

^ Excludes gold in active portion of Exchange Stabilization Fund,

p Preliminary.


.MOMETAEY STATISTICS.

Table 4.- Components of Silver Monetary Stock(In mllllonfl of doHare)

&id of calendar

year or month

Sliver held In Treasury

Securing silver certificates 1/

Silverbullion 2/

Silverdollars

In Oeneral Pund

Subsidiarycoin ^

Bullion forrecolnage U/

Bullionat cost 2/

SilTor outsideTreasury

Silverdollars 1/

Subsidiarycoin ^

Totale liverat $1.29+per fineouiKe

19't5

19'*6

19'>1

19^8Wltg

19501951

1952 -JanuaryFebruary . .

,

March

April

May ,

June

July ,

August

September.

.

October. .

.

Nov^ber p

1,703.91,911.21,937.61,971.52,003.2

2,OUo.7

2,073.5

2,076.52,079.62,o81t.o

2,o85.ii

2,089.92,093.0

2,095.2

2,098.52,101.8

2,10lt.3

2,107.1 ±

356.1.

3''3.it

337.2328.1321.9

312.8301.0

300.7300.7300.

U

299.8299.0297. It

295.5

293.6292.7

291.7290.1

10.2lU.O

13.15.9n.u

3.61.7

7.1.

12.1.

16.2

12.59.21..6

6.6

11.9

9.2

1..6

1..I

185.693.191.189.391. .1.

95.182.0

81.0

78.173.8

71. .2

70.768.0

64.5

58.153.8

51.11.9.0

137.5150.1156.3165.0171.0

179.8191.3

191.5191.6191.8

192.3

193.1191..

5

196.1.

198.3199.2

200.2201.8

81.6.7

901.1928.7971.5982.2

1,022.21,083.1

1,081..0

1,085.1.

1,088.5

1,095.1.

1,101. .0

1,U3.3

1,119.1.

1,125.11,13'..5

1,11.5.2

1,150.2

3,512.83,511. .2

3,5^7.93,596.73,61.3.1

3,697.13,71.1.3

3,71.6.3

3,751.13,755.1

3,760.83,76l..9

3,768.5

3,773.3

3,7T7.83,781.2

3,785.U

3,7&r.7

Source: Circulation Statement of U. S. Money; Dally Treasury Statament forcertain preliminary figures.Valued at $1.29+ per fine ounce.Inclx^dea silver held by certain agencies of the Federal Govemment (seeDally Treasury Statement for amount). Does not Include silver lend-leased to foreign govemmente (these transactions all took place duringthe fiscal years 191*2 through I9U6; see 19'+6 Annual Report of the

1/2/

Secretary of the Treasury for amounts),

i/ Valued at $1.3&+ per fine ounce.

kf Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce accordingto whether the bullion ie held for recolnage of subsidiary silvercoins or for recoinage of standard silver dollars,

p Preliminary.* Leas than $50 thousand.

Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices A/(in millions of ounces or dollars)

Calendar yearor month

Silverproduction in

United States

Silver acquisitions by mlnte and assay offices

Newly mined domesticsliver 2/

Foreign silver ^'

I9I.5

I9I.6

191.7

I9I.8

191.9

19501951

1952-January...February .

.

March

AprilMayJune

JulyAugust. . .

,

September,

October...

29.021.138.639.231..

9

1.2.3

irt).o

3.83.1.

3.9

1..0

3.33.3

3.32.33.2

3.7

.9

1..9

30.3 y36.833.0

1.1.3

36.1

3.93.73.9

3.73.22.8

3.63.52.6

3.3

.6

I..1.

27.1*

33.329.9

37.1.

32.7

3.53.1.

3.5

3.1.

2.92.5

3.1.

3.22.1.

3.0

y

Source: Annual figures frcm the Bureau of the Mint. Monthly figures onU, S. silver production frcm releases of the American Bureau of MetalStatistics; these vlll not a^ee with the annual figures.

1/ For Information on silver production In other countries, see annualreports of the Director of the Mint. Data frcm 1933 through 19^1 areBUB«arlz.ed in the "Troaflury Bulletin" for August 19^3, pogo 7**.

2/ Acquired at 71.U cents per fine ounce from July 1, 1939 to July 2, 19^6;

and at 90.5 cents per fine ounce since July 2, 191*6.

jL/ Ho foreign silver has been purchased under the Silver Purchase Act

of 193't since May 19^.U/ Includes 0.2 million ounces valued at 71.11 cont.s per fine ounce

totalling $0.2 mlUlon, and 30.1 mllllan ounces valued at 90.5 cents

per fine ounce totalling $27.2 million.

January 195

J

53

,H3HET.«y STATISTICS,

Table 6.- Seigniorage on Sliver

(CumulatlTo rrcn Januar7 1, 1935 - In mllllona of dollArs)

3^ Treasury Bulletin

.CAPITAL MOVBffiWTS.

Data relating to claims on foreigners and liabili-

ties to foreigners, and capital movements between the

United States and foreign countries, have been collected

since 1935, pursuant to Executive Order 6560 of January I5,

193'*. an<3 Treasury regulations thereunder. Information

covering the principal types of data and the principal

countries Is reported each month by banks and bankers and

securities brokers and dealers In the United States. This

Information Is published regularly In the "Treasury

Bulletin". Supplementary Information Is published at less

frequent Intervals. All reports are made Initially to the

Federal Reserve Banks, which forward consolidated figures

to the Treasury.

The term "foreigners" as used In these reports covers

all Institutions and Individuals (including United States

citizens} domiciled outside the United States, as well as

International organlzatlond, wherever domiciled, created by

treaty or convention between sovereign states. "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, basis of reporting,

and derivation of capital movements figures appeared In

the April 1950 Issue of the "Treasury Bulletin", pages 50-52.

Revised report forms and regulations became effective with

the data for January 1950. Attention la called to the

fact that although the grand total figures on the revised

reporting basis are reasonably comparable with those for

preceding months, data for Individual countries In some

Instances are not comparable because of certain changes In

coverage and geographical classification.

The supplementary Information, contained In Section IV,

Is presented In three tables appearing at different times.

Table 1 gives data by countries on short-term claims on and

liabilities to foreigners as reported quarterly by exporters,

Importers, and Industrial and commercial concerns In the

United States. This Information was published for the first

time In the October 19'+9 Issue of the "Treasury Bulletin"

and begins with data for September JO, I9I+6. Table 2

supplies Information by countries on long-term claims on

and liabilities to foreigners as reported by banks and

bankers In the United States. This table appeared for the

first time In the December 191*9 Issue. Data are for the

end of the calendar year beginning with 19^2. Table 3

gives Information on short-term liabilities to countries

not regularly reported separately by banks and bankers.

This table appeared for the first time In the April I950

Issue. The data have been requested at Irregular Intervals,

the earliest date being October 19'*-3.

Section I - Historical Sumnary

Table 1.- Net Capital Movement between the United States and Foreign Countries

(In thousandB of doUare: lugatiTe fi^niroB Indicate a net outflov of capital f^MB the Halted States)

CaXoudar year or ooitliNet capitalnoyoOKut

AnalTSlB of net capitAl noreoBent ini

Short-tenntanking funda

Brokaragebalances

Tracaaotlana

January I9i) 55

.CAPITAL MDVB4EMTS

.

Section 1 - Historical Sunmary

Table 2.- Short-Term Claims on and Liabilities to Foreigners(FoeltlGa at end of period In thoueaode of dollars)

End of calandaj*

year or nontdi

Short-teiB clalne on foralsnars

Pekynble

Inforel^cuzrencies

Faja.bla In dollars

Loans toforeignl>an]£B

Short-tena llabUltlea to forel^nera

Feeble In dollars)

Depositsofforeigners

Fajableinforeigncurrenolea

Hetshort-tensliabil-ities

19l»2

19^319W....19*519">6

19*719''8

19't9

19501951

1952 -January....,February, ..<

Maroh ,

AjrUMayJune. ..(«...

Jiily..

August.... .,

Septeniber p

October p..

.

257,929329,69l»

392,766708,253

9*8,9361,018,700

927,85*897,966968,lt*3

996,0U96l»,*38

l,OOlt,370

1,019,6861,038,6561,032,103

1,026,2091,066,3201,028,975

1,01*, 1*77

30,9163*,3875*,603

*7,*8998,119

165,*39100,371no, Bolt

2^0,58391,808

79,56270,**87*,887

7*,1U81,65975,876

6*,9137*,*2775,306

76,182

72,0*886,378

105,*21

100,267319,639

292,866361,197222,719151,U5177,2*6

177,539162,975187,1*15

15*, 6161*1,258136,653

126,8211*9,*38139,718

123,678

1*3,709137,16*169,67021*5,010

290,1*95

*90,631557,132*9*,331506,268

699,389

738,910731,0157*2,068

790,959815,739819,57*

83*,*758*2,1*55

813,951

811*, 617

*,205,3895,37*,9035,596,7756,883,0686,*80,262

7,U6,*197,717,9607,617,9598,61*1*,T75 1/9,302,200

9,218,51.9

9,392,2779,*73,326

9,583,1859,953,153

10,038,052

10,355,06010,525,20710,706,506

10,585,707

3,523,328*,13*,*12*,356,501

*,3*6,62**, 693, 911

*, 809,2*55,209,8205,073,5865,503,872 1/5,382,062

5,201,2675,385,5955,*08,*59

5,*03,7155,669,6*25,717,921

5,752,22*5,791*,08*

5,829,111

5,7*7,705

668,1681,222,5801,218,633

1,910,8981,7*5,722

2,257,5102,*37,7512,*93,33*3,095,992 1/

3,8*7,912

3,911,2983,876,1893,933,153

*, 057, 706

*,163,933*,235,599

*,523,**8*,669,037*,811,736

*,778,*79

13,89317,91121,6*1

25,5*6*0,629

*9,661*

70,38951,039**,91172,226

105,98*130,*93131,71*

121,76*

99,5788*, 532

79,38862,08665,659

59,523

3,958,7165,116,97*5,267,081

6,*90,3025,772,009

6,167,1*83

6,699,2606,790,1057,7*6,809 1/

8,333,757

8,222,5388,1*27,839

8,*68,956

8,563,*998,91*,*979,005,9*9

9,328,8519,*58,8879,677,531

9,571,230

^ Beginning 1950, Inoludee certain deposit balances and other assets vblchare held In specific trust eccounts but vhloh previously had been ezcluledfrCBL reported liabilities.

l»ellTn1nHTy,

Table 3.- Net Movement of ^ort-Term Banking Funds

(In thousands of dollars; nagatlre figures Indicate a net outflow of capital tiaa the United States)

Calendar yearor nonth

Short-texm claljas

PayableInforeigncurrencies

Psyable In dollars

Loans toforeignbanks

Other

Short-tem liabilities

Payable In dollars

Depositsofforeigners

Payableinforel^cuzrenciea

Set ino7e-

ment ofshort-tembankingfunds

1935-*119*219*319**19*5

19*619*719*819*919501951

1952-January. . .

.

February. ..

March

Aiirll

HayJune

JulyAugustSeptesnber p,

October p.,,

736,30797,503-11,256-71,765-63,072

-315, *87-2*0,683-69,76*190,8*6-76,233-70,*77

-27,568

31,573-39,932

-15,316-18,970

6,553

5,89*-*0,111

37,3*5 r

1*,U98

307,18715,933-3,*71

-20,2167,11*

-50,630-67,32065,068-10,*33

-129,7791*8,775

12,2*69,11*-*,*39

776-7,5*85,783

10,963-9,51*

-879 r,

-876

6,*0920,671-1*,330-19,0*3

5,15*

-219,37226,773-68,331238, *7865,*83-26,131

-293

1*,56*-2*,**0

32,79913,358*,605

9,832-22,6179,720

16,0*0

*22,71160,8996,5*5

-32,506-75,3*0

-*5,*85-200,136-66,50162,801-11,937

-193,121

-39,5217,895

-11,053

-*8,891-2*, 780

-3,835

-1*,901-7,98028,50* r

-666

3,03*,6l5*85,870

1,179,31*220,359

1,279,375

-*18,*22

636,207601,5*1-100,001

1,026,816 1/

657,*25

-83,651173,72881,0*9

109,859369,9688*,899

317,008170,1*7181,299 1

-120,799

2,806,001105,607620,88*

220,576583,205

-268,85*115,38**00,575-136,23**30,286 1/-121,810

-180,795181*,32822,861*

-*,7**

285,92728,279

3*,303*1,86035,027 r

-81,1*06

266,156385,36555*,*12-3,9*7

692,265

-16*, 6515U,788180,2*1

55,583602,658 1/751,920

63,386-35,10956,96*

12*,553106,22771,666

287,81*9

1*5,5891*2,699 r

-33,257

-37,5*2-5,102*,0l83,7303,905

15,0839,035

20,725-19,350-6,128

27,315

33,7582*,5091,221

-9,950-22,186-15,0*6

-5,1**-17,302

3,573 3

-6,136

3,770,922583,373

1,168,0581*8,59*

1,216,303

-733,909395,52*531,77790,81*5

950,583 1/

586,9*8

-111,219205,301*1,117

9*,5*3350,99891,*52

322,902130,036218,61** r

-106,301

1/ See Table 2, footnote 1. p Frellnlnsiy.r Berlsed.


.CAPITAL MOVHffiNTS.

Section I - Historical Summary

Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners

(In thousands of dollars; negative figures Indicate a net outflow of capital frcm the United States)

Calendar year

January I9i) 57

.CAPITAL MDVBffiHTS.

Sectlw) II - Samnary by Countries

Table 1.- Net Movement of Capital and of Short-Term Banking Fundo

(In thouaands of dollars; nogatlTe figures indicate a net outflow of capital frcm the tSilted States)

Country

Europe:

AustriaBelgiumCzecboeloTakia.DenmarkPlnlairi

FranceGerman;GreeceItalyNetherlands. . .

.

NorvayPolandPortugalRumania. .......Spain

SvedanSwitzerland. . .

.

n. S. 3. RUblted Elngdon.YugoslaviaOther Europe . .

.

Total Europe...

Set capital moreiunt

Latin America:

Argeoitina.

Bolivia. .

.

Brazil.. ..

ChUoColcmhia..

CutaDominican RepublicGuatemalaMexicoNetherlands West Indiesand Surlnan.

PeruRepublic of PanamaEl SalvadorUrufiiaay

VenezuelaOther Latin America. . .

.

Total Latin America. . .

.

Asia:

China Mainland.FormosaHoDg EongIndiaIndonesia

IranIsraelJapanPhilippines

.

Thailand....

TurkeyOther Asia.

Other countries

:

AustraliaBelgian CongoEgypt and Anglo-Egyptian Sudan

tJalGoi of South Africa.Other

Total other countriee

.

International

Grand total.

-3,325-12,TH

-78

-1,787-2,10U

3't,578

66,371

973-17,559U3,lt27

-5,790158

-2,295-51

3,265

3,017-3,025

-251*

W*,102

3,271-6,799

l'»3,35^

37,81t2

-21,3239hh

-45,2793,91"*

-7,721'

2,661-83I1

-1,75431,859

3,835

1,193-2,713-465

4,518-7,6076,480

July

-32,295

2,001-4,5793,009-7,711

-lit, 558

-2,342-9,1744,2191,7611,687

-7,462-6.686

-39.835

5,6584,227

-579-1,1071,187

9,386

-10,024

108,428

2,3655,303

473,4251,513

45,43410,564-3,05527,18730,146

1,6782,1395,492-328-244

2,05629,695

6164,6582,456-l,8e8

228,764

74,631

-15,023-1,065

-21,899

3,1254,742

3,8371,156-1,90917,099

-3,321

651-361

-4,026

1,780178

5,785

JL252-

-9,251

-1,842480

4,4795,892

-21,561

3,890-6,069-1,2454,3728,437

-12,363-4.139

-19.669

3702,599

-870

1,193308

3,600

83,524

361,599

August

8,70334728

8,1402,267

55,126-8,664

7036,881

51,909

5,oe6-2,086

3,5092

1,500

7,70765769

-8,379-1,613

1,381

133,213

24,146

-2,804

1,132-15,682

7,1278,591

22,204-1,122

-1,05813,236

6,636

1,4901,074-2,1033,65U

-22,126-1,006

19,243

161

3,7391,068-5,690

-38,387

-1,3782,78715,440

-241

8,738

-19,9fiE

-2,617

-36,362

35,76810,075

-12,9433,5005,596

41,996

7,669

189,905

September p October p

13,608 r-5,410 r

2376,063 r

973

9,213 r26,842

346 r

2,358 r42,626 r

3,093 r-842

1,530 r-19

1,703 r

508 r3,148 r2,967 r37,235 r-2,496 r

99 r

143,782 r

6,121 r

703 r-647

30,341 r-1,554 r5,242 r

-2,297 r-3,039-1,502 r-5,061 r

3,108 r

-1,141 r-247 r

-4,818 r-1,403 r

46,873 r-775 r

63,783 r

432,3662,0894,8^ r

-24,022 r

-3,988 r-6,420 r31,927 r

288 r13,614

-19,655 r42,615 r

43,739 r

-27,289 r6,974

-13,550-2,1551,605 r

-34,415 r

7,969 r

230,979 r

6,389-10,008

-317

9,777-263

-57,666'

47,142

1,39517,96135,967

5,9951,404-4,360

3615,127

4,24426,077

23750,328-1,794-4n

137,565

-1,^58

2,237-3,3043,2017,625-3,010

-28,565-3,086

-53911,112

1,137

3,9723,572-5,8289,874

-13,'t95

-2,597

-17,694

59-628

-1,15a-803

-22,221

1,0017,0272,268-583

9,362

5,5442,452

2,326

-4,2356,277

-19,4022,9861,268

-13,106

-17,238

90,215

Short -tei« banking funds

-3,557-13,804

-76

-2,378-2,108

31,88466,386

649-17,276

47,273

-5,813166

-2,4o6-51

-1,412

3,n5-1,301

-254

42,2683,271-7,232

137,3Wt

22,576

-21,700926

-46,575

3,737-7,900

2,584-845

-1,79631,164

3,823

1,2792,917-485

4,549-8,4536,382

July

-30,393

1,590-4,5002,549-7,688

-14,557

-2,396-5,0424,0462,712

846

-7,459-6,701

-36,600

5,5584,237

-636-1,482

638

8,315

-9,790

91,452

2,3847,002

hi3,1581,511

45,21610,627-3,04426,69037,482

1,2612,1515,351-328-509

1,75218,626

6160,1212,457

-2,928

219,084

h6,06^

-15,130-1,100

-22,022

3,1724,575

3,9151,008-1,57516,174

-3,123

527-360

-4,o4l2,288

8786,007

-8,807

-1,569567

3,8895,891

-21,539

3,924-3,424-1,1922,3678,437

-12,359-4,515

-19,523

3202,592

-838

1,250-309

3,015

83,068

322,902

lO-B

August

8,717-31

297,6642,271

53,653-8,752

7097,169

58,771

4,909-1,6673,489

2

1,414

7,671-7,374

69-15,693-1,613

1,015

122,422

-20,424

-2,802

1,150-16,542

6,8398,045

21,116-1,120

-1,55212,411

6,459

1,6454,199-2,1172,198

-22,659-465

16,805


1633,794968

-5,509-39,695

-1,3734,32515,455

-5577,669

-19,986-2,555

-37,301

35,36010,078

-12,986

3,3575,372

41, 181

7,353

130,036

13,613 r-5,651 r

2375,962 r960

8,886 r26,900

330 r1,857 r

46,363 r

2,937 r-847

1,643 r-19

1,746 r

365 r-4,500 r2,967

45,997 r-2,497 r

297 r

147,546 r

-9,047 r

428 r-664

30,038 r-1,723 r5,031 r

-2,024 r-3,285-1,481 r-5,618 r

3,104 r

-1,544 r3,420 r-4,831 r-1,471 r46,664 r

-930 r

65,114 r

352,3912,0434,as r

-27,212 r

-3,989 r-4,299 r31,889 r

65 r13,919

-19,685 r42,322 r

42,324 r

-27,326 r6,972

-12,559-2,4661,000 r

-34,379 r

7,086 r

218,644 r

2,441-9,863

-317

9,201-263

-57,75447,5631,386

17,21939,052

5,^51,418-4,137

3615,015

3,95618,215

2375,675-1,794

-989

82,447

-166,093

2,609-3,3732,8937,631-3,167

-38,272-3,147

-609

8,591

866

4,1552,002-5,90110,4o6-14, 140-2,660

-32,116

34-729

-1,652-812

-22,581

9989,845-7,677

-810

9,091

5,5542,579

-6,160

-4,5076,277

-19,4702,6631,738

-13,299

28,920

-106,301

p Preliml nary

.

r Revised.


.CAPITAL MOVBffiNTS.

Table 2.- Net Movement In Brokerage Bal

(id thoUBandB of dollAre; negatlre figures Indicate

January i9i)

.CAPITAL varaxssns.

59

Section II - Suonary by Countries

Table 3.- Short-Term Clalns on and Liabilities to Foreigners

(Position at end of month In thousands of dollars)

Co\intz7

Europe:

AustriaBelglunC2echoslo7a}£la

DenmarkFinland

FranceGarmany •

GreeceItal;Netherlands .^

Horva;PolandPortugalRumania. .......•.•..<Spain

SwedenSwitzerlandU. S. S. EUnited KlngdcmYugoslaviaOther £urope

Total Europe

Canada. ...... .........i

Latin janerlca:

ArgentinaBolivia ,

BrazilChileColcmbla.

Cuba.DcoilXLican Republic .

.

Guatcsnala

MexicoNetherlands West Indiesazvl Surlnani. .........

PeruRepublic of Panama. . .

,

£1 SalvadorUruguayTenMuslaOther Latin America...

Total 7-"^"^^ Amsrlca. ..

Asia;

(^hlna Mainland '

Fomoaa .... *

Eong EongIndiaIndonesia

IranlaraelJapanPhilippinesThallani

TurkeyOther Asia

Total Asia

Other countries:

Australia"Belgian CongoS^Tpt and Anglo-l^Tptlan SudanUnion of South AfricaOther

Total other countries

International

Grand total

Claims on foreigners

3313,851

3

3,U86

2,905

U,7't3

23,175115

30,^233,137

1,5951*0

7557

1U,289

2,7099,8lil

36,1652,3163,567

160,155

53,898

8,1878,1*31

358,32126,120

35,039

51,7872,17'*l>,067

77,952

1,183

10,9395,9065,'t30

30,1*75

32,08611,500

669,597

1,9255,1*10

2,1*18

6,5061,398

10,691*

27,72711*, 32720,1*78

2,660

15,'t37

9,032

118,012

11,9728,687

228l*,69l*

l.,860

30,1*1*1

1,032,103

1952

July

3912,91*2

2

3,5792,830

11,56923,723

15928,5903,768

1,7891*0

6757

ll*,283

3,1327,966

30,905515

3,509

150,022

1*5,090

7,2168,658

392,62227,0323'',1*67

:,U58

.,91*31,91*3

3,66171,21*1*

1,192

10,91*8

6,251*

5,30532,U832,1*17

12.533

700,068

2,7015,1*10

79U

5, ''97

1*88

10,33''

27,1*1*9

10,3736,9132,339

16,67216,259

105,229

9,5828,239

1563,7't3

I*, 080

August September p

25,800

1,026,209

6511,1*79

32,21*2

2,21*6

9,21*1*

25,698162

21*,6353,282

1,80939

6186

12,51*9

1,8789,823

32,2273,1*02

1*,323

11*5,730

53,320

7,5516,755

1*03,886

22,977Sit,235

51,5581,7893,217

91,671

1,130

10,7373,2565,323

25,72632,1*02

13,005

715,220

2,6915,5651,320It,237

607

9,55322,901*

13,28610,2603,5'»8

37,02317,365

128,359

8,0337,870

5253,1*81

3,782

23,691

117U,761*

53,l*5l>

2,799

9,31727,1*71

23219,6212,567

1,96530

597U

13 ,1*85

2,181*

8,395

26,7807,3073.657

11*1,751

63,909

8,6066,171

37'',675

21,61632,060

33,5831,7672,75292,032

1,21*0

10,2733,7195,070

20,62231,72812,377

658,291

2,6867,1*52

1,016

3,738660

9,28622,761*

10,0935,2613,778

55,67319,212

11*1,619

8,2316,8711

5593,051It,689

23,1*01*

October p

1,001*

13,21*9

52,831*

3,813

10,93027,990

19216,3902,T39

1,67030508

6

12,566

3,3367,950

35,8228,01*7

JJ2L

Liabilities to foreigners

1952

June

152,875

73,661

8,1117,037

355,36018,281*

31*, 851

36,1221,6053,169

82,81*1

1,170

11,638l*,363

7,11*0

lU.SOS33,10913,808

632,9U

2,6397,1*50

862

3,503875

10,06018,69012,5826,1*1*1

3,367

51,01015,303

132,782

8,6776,7't2

522

2,3383,9'»9

22,22B

1*9,51*6

137,'*55

55131*,22621,300

299,231*

^53,1051*1,721

266,811*

203,01*2

9^,5962,585

1*0,611*

6,03318,1*81

68,386600,798

1,975793,19810,7371*7,628

3,192,025

1,503,01*2

11*6,827

21*, 100

80,93051*, 31*0

73,615

316,63850,1*2638,3l»3

195,669

32,21*8

56,52373,33336,77597,593129,810109,171

l,5l6,3lH

39,12937,1*00

65,86256,728

176,1*78

21,11*1*

30,1*61*

730,725333,025026,766

20,572151,721*

1,790,017

1*9,508

72,611

117,69910,85382,5'»0

July

51,93611*3,51*8

59337,'»77

22,736

31*4,2761*61*,280

38,721291,67121*1,155

96,051l*,736

1*5,885

5,70517,966

70,561617,5492,036

81*8,059

11,3931*4,61*2

3,400,976

1,540,299

333,211

130,72623,22793,20958,42477,618

321,22451,20336,362

205,135

29,134

57,05973,32132,609

101,524131,019116,2U

1,538,005

38,33637,96768,12761,610154,029

24,70826,762725,579321,827134,882

9,448154,436

1,757,711

47,43874,755

U6,78911, 15281,451

331, 5B5

August

60,679142,054

623

43,80424,423

395,604457,50339,1*33

294,885299,440

100,9803,06849,3175,706

17,646

76,978612,032

2,105833,68812,66746,471

3,519,106

1,528,105


128,25922,47487,93361,20885,431

341,44049,92934,366

237,973

35,531

58,49374,52230,51097,330108,345116,218

1,569,962

38,48941, 91669,62154,841

114,453

22,55426,542743,947324,617143,760

9,813152,987

1,743,540

81,24984,464

104,17214,24786,525

370,657

1,793,837

74,344136,688

862

50,97825,936

404,563486,17639,833

291,728345,088

104,0732,212

50,9395,685

20,328

77,649606,104

5,072874,23814,07546,102

3,662,673

1,529,647

129,74221,22688,75858,12488,287

321,44146,62232,420

232,716

38,745

56,48578,40525,42690,755

154,335114,660

1,578,147

10,525,207

38,51946,19471,36059,18787,294

18,29822,103772,643319,683157,909

8,778197,156

1,799,124

54,12190,440

91,647U,35188,432

77,672128,310

545

59,55926,687

348,422534,25841,179305,716384,312

109,6033,630

46,7136,048

24,424

82,757623,874

5,309888,95513,02145,250

3,756,244

1,373,306

131,85618,71972,33662,42387,911

285,70843,31332,228

232,116

39,51*1

62,00581,05121,59594,842141,576113,431

1,520,651

10,706,506

38,50645,46369,55458,14064,928

20,07027,874

767,'»55

320,053166,589

9,669195,826

1,784,127

50,06096,585

72,14013,30189,430

351,516

1,829,863

10,585,707

Prellaliuiry.


.CAPITAL MOVUffiNTS

.

Section II - Suminary by Countries

Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts

Jaimary 195) 61

.CAPITAL MOVIKEHTS

.

Section III - Details for Month of August lOSS

Table 1.- Short-Tern Claims on Foreigners

(Pocltlon at «n& of nouUi In thousands of dollars)


.CAPITAL MOrEMEUTS.

Section III - Details for Month of August 1952

Table 2.- Short-Term Liabilities to Foreigners

(Position at ood of month In thousands of dollars)

January /95J 63

.CAPITAL MOVEMENTS.

Section III - Details for Month of August 1052

Table 3.- Purchases and Sales of Long-Tera Securities by Fbreigners

(In thou»anda of dolLara)

Gk Treasury Bulletin

.CAPITAL MOVIMENTS.

Section III A - Preliminary Details for Month of October 1952

Table 1.- Short-Term Claims on Foreigners

(Poaltlon at end of month in thousande of dollars)

January 195) 65

.CAPITAL MDVIMEHTS.


Table 2.- fihort-Tenn Liabilities to Foreigners

(Poeitlon at eod of moath In thoussodfl of dollars)


CAPITAL MOVEMENTS


Table 3*- Purchases and Sales of Long-Term Securities by Foreigners

January 195

J

.CTMOLAnVE TABLE OF COrraEHTS.

67

February 10S2 through January 1053

6S Treasury Bulletin

.CTMULATIVE TABLE OF COHTENTS.

February 1052 through January 1053 - (Continued)

Isflud and pege mmbsr

1952

Apr. May June Julj Aug. Sept

1953

United States Barings bonds

:

CumulatlTe eales and redaaptlana by aeriesSales and redeBptlons by periods^ all series ccasblnedSales and redosptlons of Series A-D, E, F, ai^ G by periods.Seles and redemptions by periods. Series E though KBedelBptions of matured and unmatured bondsSales and redemptions by dencnlnatlons , Series E and H andSeries F, (i, J, and £

Sales by States, Series E snd B ami F and d

Treasiary savings notes:

CumulatlTe sales and redemptions by seriesSales and redeoq)tians by periods, all series oonblned

Ownership of Federal securities:

Distribution by classes of Inrestors and types of IssuesNet market purchases or sales for liiTftstsiient accounts handled bythe Treasury

Bstimated ownership -

Treasury survey of ownership:

Ovnerehip by banks, insurance ccmpenles, and othersOvnershlp by ccomisrcial banks classified by membership in FederalBeserre System (Latest date June 30, 1952)

Market quotations:

Orer-the-counter closing quotations on Federal eecurltlee by issuesChart - Yields of Treasury securities

Yields of Treasury and corporate bonds:

Aversge yields of long-tem bonds by periodsChart - Average yields of long-ten bonds

Internal revenue collectionB;

Susnary by principal sourcesChart - Inteinal revenue collections by principal sourcesDetail of collections by type of tax

Monetary statistics:

Money in circulationMonetary stocks of gold and silverGold assets and liabilities of the Treasux7.Components of silver monetary stockSilver production In the United States and acquisitions by mintsand assay offices

Seigniorage on silverIncrement trCBi reduction in weight of gold dollar (latest dateSeptember 30, 1952)

Net Treasury gold receipts (latest quarter «nH<ng September 30,1952)

Exchange Stabilization Fund (latest date June 30, 1952):

Balance SheetIncome and expense.

Capital movements between the IMlted States and foreign

countrl ea

!

Historical summary of capital movemante since 1935.Summary by countries and months ....................Details for latest months by countriesSuppleoaentary data by countries

Corporatlona and certain other bualneas-type activities

(latest date June 30, 19^)1

39

ito

1*1

k6

5k

55

56

5758

60

616162

62

63

63

6I»

65

66

6973

2727

2630

3131

32

32

33

3'.

38

1*2

k61.7

1»8

1*9

50

52

53

535^

54

55

55

56

5963

2727

2830

3131

32

3233

31*

38in

1*2

't3

kk1.5

1.6

1.8

1.9

1.9

50

5051

Loans outstanding •

Balance sheets ..................Income and expenseSource and application of funds.

52

555965

66

67

2727

'28

30

31

3232

33

33

35

391.2

".3

1.1.

'(5

1.6

".7

1.9

505051

5152

52

535".

555862

2727

2830

3131

32

32

33

31*

381.1

1.2

1.3

1.5

1.6

1.8

1.9

U950

5051

51

52

555965

2727

2831

32

32

33

3331.

35

391.2

".3

1.5

1.6

.1.7

1.9

5050

51

5152

53566066

2727

'28

32

33

3636

37

3738

39

1.3

1.6

1.7

1.8

1.9

50

51

5351.

51.

55

5556

56

5758

596266

2727

2832

31.

31.

35

36

kk1.7

U81.9

57

586165

2727

2832

3333

31.

3".

35

36

1.0

1.3

1.1.

't5

1.6

1.7

U8

50

515152

52

53

51.

5761

2727

2832

33

3535

36

3637

38

1.2

1.5

1.6

1.7

1.8

U950

52

53

5351.

51.

55

55

56

57

586165

2727

2832

3333

31.

31.

35

36

IK)

1.3

'•5

1.6

1.7

1.8

50

515152

52

53

53

51.

5761

6871

71

BUYAND

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