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ci.-3
T'EASUnY D:PAu. -
JUN 9, ^ 197Z
TREASUHY DEPARlMENT
Treasury DepartmentFISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONERWASHINGTON, D.C. 20226
OFFICIAL BUSINESS
POSTAGE AND FEES PAID
U.S. TREASURY DEPARTMENT
BUYAND
HOLDUNITEDS TAT E S
SAVINGS
BONDS
'SviVi;;*^-^
AUGUST 1966
The Treasury Biolletin is for sale by theSuperintendent of Documents,
U. S. Government Printing Office, Washington, D.C. 204.02
Subscription per year $8.50 domestic, $11.00 foreign.Single copy price varies.
August 1966
Table of Contents
Page
Treasury financing operations lY
Summary of Federal fiscal operations 1
Administrative budget receipts and expenditures... 2
Trust and other transactions 10
* Consolidated cash transactions 20
Account of the Treasurer of the United States 24
Monetary statistics 27
Debt outstanding 28
Statutory debt limitation 33
Public debt operations 34-
United States savings bonds "70
Ownership of Federal securities "^o
Treasury survey of ownership of Federalsecurities 78
Market quotations on Treasury securities 88
Average yields of long-term bonds 91
International financial statistics 93
Capital movements 97
Cumulative table of contents 122
* NEW FEATURE - As requested by users of the Bulletin,a new table showing seasonally adjusted Federalreceipts from and payments to the public has beenadded to this series (p. 23).
II Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear
In the "Treasury BiiLletln" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Ex-
penditures of the United States Government. Where these state-
ments are given as sources for Individual tables, they are
cited by name only. Their respective reporting bases are
described below. For other data In the Bulletin, informa-
tion on sources or reporting bases Is given In connection
with the tables themselves.
The monthly statement of receipts and expenditures
was first published for February IS^^, and replaced the
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States. Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953- The announcement of February 17,
195^-, with respect to these reporting changes may be found
In the April 195!^ Issue of the Bulletin.
The monthly statement shows all receipts and ejcpendl-
tures of the Government, Including those made from cash
accounts held outside the United States Treasury. The
Information is complied from reports by the Treasurer of
the United States and by all other collecting and dis-
bursing agencies. Including those agencies which maintain
checking accounts In commercial banks. These reports cover
transactions recorded In the accounts of the agencies
during the reporting period. The net of the transactions
as complied from these reports la reconciled In the monthly
statement to changes In the balance In the Treasurer's ac-
ooiint and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts aire reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are re-
ported on the basis of checks Issued or cash payments made
by disbursing officers. Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be In-
volved. Interest on the public debt Is Included on an
accrual basis beginning with figures for June 1955 and
the fiscal year 1955- Prior to that. It was Included on
a due and payable basis. The same reporting basis as that
In the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
itures and Balances of the United States Government" and
for actual receipts and expenditures In the "Budget of the
United States Government."
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain interfund transactions which are Included in
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
minor amounts of certain other payments made by Government
agencies to the Treasury. This reporting change was made In
accordance with the plan stated in the President's Budget
Message of January 12, i960. It does not affect the surplus
or deficit. Figures for earlier periods shown in the Treas-
ury Bulletin were revised to the new reporting basis in the
September 196O issue. The interfund transactions deducted
under this procedure do not Include payments to the Treas-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
19'+^, and figures for prior fiscal years back through 19 32
Were revised accordingly at that time.
The daily statement on the new basis was first issued
for February 17, 195'^-. In the deposits and withdrawals as
shown, no distinction is made as to the type of accounts
(budget, trust, etc.). The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account. Some of the withdrawal classi-
fications shown are reported on the basis of mailed reports
of checks issued and are adjusted by means of clearing ac-
counts to the total of checks paid. Except for relatively
minor amounts, noncash interfund and other intragovernmental
transactions are excluded. The public debt figures in the
dally statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are included, however.
The dally statement before February I7, 195'''. covered
not only transactions cleared through the Treasurer's ac-
count but also certain Government agency transactions which
were handled through commercial bank accounts, and included
noncash interfund and other Intragovernmental transactions.
It provided Information similar to that In the present dally
statement with respect to the status of the Treasurer's ac-
count, and similar to that In the present end-of-month daily
statement with respect to debt Issuance, retirement, and
amount outstanding. Receipts and expenditures, however, were
classified by type of account, and the budget results shown
August 1966 III
Reporting Bases - (Continued)
In the dally statement were used a« the basis for reflectingthe results under the President's budget program as enactedby the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account. Expenditures cleared through the
Treasurer's account were reported on two successive
bases. Through I9U-6 they were on the basis of checks paid
by the Treasurer of the United States. Beginning with 19'+7.
expenditures made through the facilities of the Treasfury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organiza-
tions, were on the basis of checks paid. Transactions han-
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
as reported by the agencies. Interest on the public debt
was Included on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to that time.
Note: Details of figures may not add to totals because of rounding.
IV Treasury Bulletin
Treasury Financing Operations
August Refunding
On July 27 the Treasury announced an exchange offering of offered the opportunity to exchange their holdings for the new
5-1/lS certificates of indebtedness dated August 15, 1966, due 5-1/4^ notes. Details relating to the securities and amountsAugust 15, 1967, and 5-1/4^ notes dated August 15, 1966, due exchanged are shown in the accompanying table.
Securities eligiblefor exchange
U% notes, A-1966 maturingAug. 15, 1966
3% bonds, 1966 maturingAug. 15, 1966
Total Aug. maturities...
Prerefunding
4-3/4^ otfs., A-1966 maturingNov. 15, 1966
IS notes, E-1966 maturingNov. 15, 1966
3-3/8^ bonds, 1966 maturingNov. 15, 1966
Total prerefunding
Grand Total
( In millions of dollars)
Amountofeligiblesecuritiesout-standing
8,436
700
9,136
1,652
2,254
1,851
5,757
14,893
Securities issuedin exchange
5-1/4^ctfs.,A-1967
5,602
268
5,871
5,871
5-1/4^notes,A-1971
2,310
271
?,581
517
1,(
4,267
Total
Notex-
changed
7,912
540
^452
517
586
582
1,686
10,138
524
161
684
1,135
1,668
1,269
4,071
4,756
Securities eligiblefor exchange held by-
FederalReserveBanks andGovernmentinvestmentaccounts
5,891
46
5,937
15
585
257
857
6,794
com-
mercialbanks l/
1,235
295
1,530
1,065
775
865
2,705
4,235
May 15, 1971, to holders of notes and bonds maturing August 15, On the basis of preliminary reports there follows1966. Holders of securities due November 15, 1966, were also summary of subscriptions received by investor groups.
Subscribers
August 1966
Treasury Financing Operations - (Continued)
The public held about $8.1 billion of the securities
eligible for exchange and about $6.8 billion was held by
Federal Reserve and Government Investment accounts.
The subscription books were open from August 1 through
August 3. Cash subscriptions were not accepted. Coupons dated
August 15, 1966, were to be detached and cashed when due.
Coupons dated November 15, 1966, had to be attached and
interest on securities maturing on that date was adjusted as
Tenders were opened on July 26 and totaled $1,869 million,
of which $995 million (including $35 million of noncompetitive
tenders) were accepted at the average discount rate of 4.964
percent.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in July totaled
$9.2 billion, replacing an equal amount of maturing bills.
[Dollar amounts per $100 face value)
Securities exchanged
4-3/4^ Certificate 11/15/66.U% Note 11/15/663-3/8^ Bond 11/15/66
Payment bysubscriberson accountof issueprice ofofferedsecurities
Accrued in-
terest to
8/15/66, onsecuritiesexchangedto be paid
to
subscribers
Net amountto be paidto sub-scribers
For the 5-l/4^ Note 5/15/71
$0.1000000.3500000.550000
$1.1875001.0000000.843750
$1.0875000.6500000.293750
Approximateinvestmentyield from8/15/66 to
maturity l/
5.24%5.23
5.24
Approximate re-investmentrate for theextension period2/
5.26?5.245.23
l/ Yields to nontaxable holders (or before tax) on issues offered in exchange based on prices of eligibleissues (adjusted for payments on account of issue price). Prices are the mean of bid and ask quotationsat noon on July 26, 1966.
2/ Rate for nontaxable holder (or before tax).
of August 15, 1966. The August 15, 1966, interest due on
registered securities was paid by issue of interest checks in
regular course to holders of record on July 15, 1966, the date
the transfer books closed.
Interest on the certificates of Series A-1967 will be
payable on February 15 and August 15, 1967. Interest on the
notes of Series A-1971 will be payable on November 15, 1966,
and thereafter on May 15 and November 15 until maturity. Both
the certificates and notes were issued in bearer form in
denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000,
$100,000,000, and $500,000,000. The notes are also available in
registered form. This was a taxable exchange.
Exchanges of the U% notes of Series A-1966 and the 3%
bonds of 1966 were made at par. Details for the November
maturities showing cash and interest adjustments, and approxi-
mate investment yields appear in the accompanying table.
One-year Bills
On July 20 tenders were invited for $1 billion, or there-
abouts, of 365-day Treasury bills, to be dated July 31, 1966,
to refund an equal amount of one-year bills maturing on that
date.
There were four 91-day issues of $1.3 billion each and four
182-day issues of $1.0 billion each. Average rates for the
new issues are shown in the following table.
13-week
(Additional amount of bills oforiginal maturity of 26 weeks)
VI Treasury Bulletim
Treasury Financing Operations - (Continued)
bearer form only, and in denominations of $1,000, $5,000,
$10,000, $50,000, $100,000, $500,000, and $1,000,000 (maturity
value) . Tenders are received at Federal Reserve banks and
branches.
Banking institutions generally may submit tenders for
account of customers. Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized dealers in investment securities. Tenders from
others must be accompanied by payment of 2 percent of the face
amount of bills applied for, unless the tenders are accompanied
by an express guaranty of payment by an incorporated bank or
trust company.
Nonconpetitive tenders (without stated price), usually for
$200,000 or less from any one bidder, are accepted in full at
the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or conpleted on
the date of issue, in cash or other immediately available funds
or in a like face amount of Treasury bills maturing on that
date. Payment for 13-week, 26-week, and one-year bills may not
be made by credit in Treasury tax and loan accounts.
Foreign Series and Foreign Currency Series
In July the Treasury issued four certificates of indebted-
ness of the foreign series in the amount of $185 million and
two certificates of indebtedness of the foreign currency series
equivalent to $118 million. Retirements amounted to $255
million for the foreign series securities and the equivalent of
$191 million for the foreign currency series.
The new foreign series certificates bear interest at the
rate of 5% per annum and will mature in three months. As of
July 31, the outstanding foreign series securities totaled
$747 million.
The new foreign currency series certificates are denomi-
nated in Swiss francs. One, equivalent to $25 million, was
issued July 1, bears interest at the rate of 4.99^ per annum
and matures June 30, 1967. The other, equivalent to $93
million, was issued July 26, bears interest at the rate of
5% per annum and matures January 26, 1967. At the end of
July foreign currency series securities outstanding totaled
$884. million and were denominated in Austrian schillings,
Belgian francs, German marks, Italian lire and Swiss francs.
i
Note: Details of Treasury market financing operations are shown 'elsewhere in this issue of the Bulletin in the tables on
public debt operations.
August 1966
SUMMARY OF FEDERAL FISCAL OPERATIONS(In millions of dollars)
Period
Administrative budgetreceipts and expenditures
Netreceipts
Netexpend-itures
Surplus
,
ordeficit(-)
Nettrustand othertrans-actions
1/
Clearingaccount,etc. 2/
Netincreasein
publicdebt , ordecrease(-)
Netincrease in
Treasurer'
s
accountbalance, ordecrease (-)
Levels, end of period
Balance in
account ofTreasurerof UnitedStates
Debt outstanding
Publicdebt
Guaranteedsecurities
TotalFederalsecurities
Subject to
limitation
2/
Fiscal years :
1950
195119521953
195A1955195619571958
195919601961
19621963
196419651966p
1967(E3t.)..
Calendar years1950195119521953
195419551956195719581959196019611962
196319641965
Months ;
1964-July...Aug....
Sept. .
.
OctNovDec
1965-JanFeb
MarApr ....
MayJune. .
.
July . .
.
AugSept . .
.
OctNovDec...
1966-JanFebMarApr ....
MayJune p.
Jiily
—
36,42247,48061,28764,67164,42060,20967,85070,56268,55067,91577,76377,65981,40986,376
89,45993,072104,631
111,000
37,23552,87764,70563,65460,93863,11970,61671,74968,26272,73879,51878,15784,70987,51688,69696,679
3,4876,65310,0723,3987,0378,856
5,6427,51811,188
8,5497,268
13,404
3,8077,35010,9993,2958,1069,553
6,4538,335
11,2979,9298,452
17,054
5,702
39,54443,97065,30374,12067,53764,38966,22468,96671,36980,34276,53981,51587,78792,642
97,68496,507106,917
112,847
37,65756,23670,54772,81164,62265,89166,83871,15775,34979,77877,56584,46391,90794,18896,945101,378
7,4108,0838,4508,3297,0518,770
7,6767,1468,1398,2688,116
9,070
7,2408,9909,4528,7509,1059,426
8,8098,156
10,1938,3629,0559,378
10,263
-3,122
3,510-4,017
-9,449-3,117-4,1801,6261,596
-2,819-12,4271,224-3,856-6,378-6,266-8,226
-3,435-2,286
-1,847
-422
-3,358-5,842-9,157-3,683-2,7713,779
592-7,088-7,0401,953
-6,306-7,199-6,672-8,248-4,699
-3,923-1,4301,622
-4,930-1586
-2,033372
3,049280
-848
4,335
-3,434-1,640
1,548-5,455
-999126
-2,356179
1,1041,567-603
7,676
-4,561
99679147
435328231-194195633-329-50
-602
43697
551426571
120
311815
-a101
739-259267
1,092-691
23-698
234729168151694
-4066
-130
366171
-188
64193146972-577
-617
59182-28
156-45189
66
71
88
782-773
-174
-175
483
-2U-401-250-303
284522
-523
530-6
-145507
448196741-978
-1,121
-108
87-106-319-209-34376-21
224109
-237
154204183
493-576328
-393-903
38741
-595-161
377-268
279-8
24421
-57
1,059983294
-792
314
116-585
896-480-31-720
750
4,587-2,1353,8836,9665,1893,115-1,623-2,2245,8168,3631,6252,6409,2307,6595,8535,5612,633
1,835
-423
2,7117,9737,7773,5822,019-4,141-1,7308,0257,875-581
5,9527,3015,8778,5942,964
-5302,9061,520
26
2,851-546
421,900
-2,186-1,1402,661
-1,944
-692
1,658-1,4932,1542,810-807
1,099
1,308-2,312-1,4162,777-2,452
-627
2,0471,839-388
-2,2992,096-551
331-956
4,159-4,3992,654-1,311
3,7361,686
-1,080
1,575-203
-44762
1,770-1,488
603-635-117
179
35562282883
1,015-134-80
-713
-4,886640
3,400-4,4982,412-809
-1,5502,1971,289
105
1,480
1,795
-4,124-858
1,010-2,852
974-177
-1,076973-224
4531,3704,330
-4,613
5,5177,3576,9694,6706,7666,2166,5465,5909,7495,3508,0056,694
10,43012,11611,03612,61012,407
8,700
4,2324,2956,0644,5775,180
4,5454,4274,6064,9615,5836,4116,4947,5097,3757,2956,582
6,1506,789]0,1895,6918,1047,295
5,7457,9429,2319,33610,816
12,610
8,4867,6278,6375,7866,7596,582
5,506
6,4796,2556,7088,077
12,407
7,794
257,357255,222259,105266,071271,260274,374272,751270,527276,343284,706286,331288,971298,201305,860311,713317,274319,907
321,436
256,708259,419267,391275,168278,750280,769276,628274,898282,922290,798290,217296,169303,470309,347317,940320,904
311,183314,089315,610315,635318,486317,940
317,983319,883317,697316,557319,218
317,274
316,582318,240316,748318,901321,711320,904
322,003323,311320,999319,583322,359319,907
319,280
2029
4652
81
4474107
101111140240
444607
813
590462
244
2442
5476
3453
103
104109127156330518
742809
455
8218488868218348O9
664693719
657606
590
474502
522
493465455
416
435456468466462
489
257,377255,251259,151266,123
271,3a274,418272,825270,634276,444284,817286,471289,211298,645306,466312,526317,864320,369
321,680
256,731259,461267,445275,244278,784280,822276,731275,002283,031290,925290,373296,499303,988310,089318,750321,359
312,004314,938316,496316,456319,320318,750
318,646320,575318,416317,213319,823
317,864
317,056318,742317,270319,394322,176321,359
322,419323,746
321,454320,051322,825320,369
319,768
256,652254,567258,507265,522270,790273,915272,361270,188276,013284,398286,065288,862298,212306,099312,164317,581320,102
321,505
256,026258,794266,821274,671278,256280,348276,276274,564282,607290,513289,971296,061303,616309,724318,464321,078
311,643314, 577
316,135316,096319,034318,464
318,361320,290318,131316,929319,540317,581
316,773318,460316,988319,113321,895321,078
322,138323,466321,175319,772322,546320,102
319,502
Source: Actual figures through fiscal year 1952 and calendar year 1953are from the daily Treasury statement, and thereafter from themonthly statement of receipts and expenditures of the Government (forexplanation of reporting bases, see page II); estimates, includingeffect of proposed legislation, are from the 1967 Budget documentreleased January 24, 1966. (More details for data on this page areshown in succeeding tables.)
1/ Excess of receipts, or expenditures (-). For detail, see pages 10-14.
1/ For checks outstanding and telegraphic reports from Federal ReserveBanks; public debt interest accrued and unpaid beginning with June andthe fiscal year 1955 (previously included from November 1949 as interestchecks and coupons outstanding); also deposits in transit and changes incash held outside the Treasury and in certain other accounts beginningwith the fiscal year 1954. Net increase, or decrease (-).
3/ For current month detail, see section on "Statutory Debt Limitation"
in each issue of the Bulletin. The limitations in effect during the
periods covered by this table and the date when each became effective
are as follows: $275 billion on June 26, 1946; $281 billion on August
28, 1954; $278 billion on July 1, 1956; $275 billion on July 1, 1957;
$280 billion on February 26, 1958; $288 billion on September 2, 1958;
$290 billion on June 30, 1959; $295 billion on July 1, 1959; $293
billion on July 1, 1960; $298 billion on July 1, 1961; $300 billion on
March 13, 1962; $308 billion on July 1, 1962; $305 billion on April 1,
1963; $307 billion on May 29, 1963; $309 billion on July 1, 1963; $315
billion on December 1, 1963; $324 billion on June 29, 1964; $328
billion on July 1, 1965) and $330 billion on July 1, 1966.
p Preliminary.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1. - Receipts by Principal Sources
(In millions of dollars)
Fiscal yearor month
Internal revenue
Income taxes
Corpo-ration
Individual
Notwithheld
Withheld
Totalincometaxes
Employment taxes
For old-age,disability,and hospitalinsurance
1/
For rail-road re-tirement
For un-employ-mentinsurance
Totalemploy-menttaxes
Estateandgifttaxes
Excisetaxes
Totalinternalrevenue
CustomsMiscel-laneousreceipts
Totalbudgetreceipts
195719581959I960196119621963
196419651966 p
1967(Est.).
1965-July..,AugSept..
Oct...Nov. .
.
Dec...
1966-Jan..
.
Feb...Mar...Apr. .
.
MayJune p
July. .
.
21,53120,53318,09222,17921,76521,29622,33624,30126,13130,835
35,100
727482
4,236625507
4,315
682
573
7,2442,440
7518,252
878
12,30211,52811,73313,27113,17514,40314,26915,33116,82018,486
16,100
362164 i/
2,427
2U141 ^AbB
2,7271,038 1/
9366,2591,151 2/
2,569
351
26,72827,04129,00131,67532,97836,24638,71939,25936,84042,769
46,440
1,2995,377 ,
2,9951,2635,793 .
3,237
1,4125,948
,
3,4401,0826,238
.
4,683
3,374
60,56059,10258,82667,12567,91871,94575,32478,89179,79292,090
97,640
2,3886,0229,6582,1336,4428,020
4,8227,55911,6209,7818,140
15,504
4,603
6,6347,7338,00410,21111,58611,68613,48415,58815,84619,005
23,267 2/
6172,396 ^1,061
4471,414 2/
750
3362,559 2/1,9721,2963,505 2/2,653
1,660
616575
525607571
564572
594636683
772
11
103
57
12
9352
12
936220
10763
13
330336324341345458948851622567
544
2
2
2
2
1
1
75466
7432
7,5818,6448,85411,15912,50212,70815,00417,00317,10420,256
24,583
6292,5011,120
4611,508
803
4233,1172,0401,320
3,6152,719
1,674
1,3781,411
1,3531,6261,9162,0352,1872,4162,7463,089
3,331
232212
193213
185
238
292207
272491328224
215
10,63810,81410,76011,86512,06412,75213,41013,95014,79313,407
13,557
1,2211,3051,162983
1,1551,220
1,0071,038
1,133921
1,1041,158
971
80,17279,97879,79891,77594,40199,441105,925112,260
114,435128,843
139,111
4,47110,04012,1323,7909,29110 , 281
6,54511,922
15,06612,51413,18719,605
7,463
754800
9481,1231,0081,1711,2411,2841,4781,811
1,880
137
U5159153164140
136129
168151
158172
158
2,7493,1963,1584,0644,0823,2064,4364,0774,6225,797
7,050
462401348384
766386
456381
467408401935
373
83,67583,97483,90496,96299,491103,818111,602117,622120,535136,451
148,041
5,070
10,58612,6404,32710,22010,807
7,13712,43215,70113,072
13,74620,712
7,993
Fiscal yearor month
Less: Refunds of receipts /^/
Internal revenueapplicable to
Budgetaccounts
Trust yaccounts
Customs OtherTotalrefunds
5^
Less: Transfers of tax receipts to
Federal 01d-
Age and Sur-vivors Insur-ance TrustFund y
FederalDisabilityInsuranceTrust Fund
FederalHospitalInsuranceTrust Fund
RailroadRetire-
mentAccount
Unemploy-mentTrustFund
High-wayTrustFund y
Deduct:Inter-fundtrans-actions6/
Netbudgetreceipts
1957
1958
1959I96019611962
196319641965
1966p
1967(Est.)..
1965-July...AugSept...
OctNov, . .
.
Dec
1966-JanFebMarApr . .
.
May....
June p
July. .
.
3,8944,4134,9075,0245,7255,9576,2676,8175,6686,854
7,130
220
219
183202
29
101
-126607
2,0541,520
1,312532
218
58
165
180
193224278
269297323
354
443
1
3
86
22828
20
18
23
18
25
29
3532
35
45
35
2
3
3
3
2
4
5
9
3
4
42
3,9764,5985,1145,2385,9766,2666,5717,1486,0307,252
7,611
223
225186206117105
107
6442,0571,526
1,321536
221
6,2436,7957,0849,19210,53710,60012,35114,33514,57216,474
18,932
5742,226 2/988416
1,324 2/698
100
2,182 1/1,666
1,142
2,940 2/2,217
1,384
333863
837929
953945994
1,0571,0821,442
1,886
43169 2/73
3190 2/52
8
215 1/155
104
285 2/216
138
862
2,21C
161151
50
280220
138
616575
525607571
564572
593636683
772
11
103
5712
9352
1293
6220
10763
13
343
453945847615561
539
1
2
2
1
1
1
75465
6
42
1
1,4792,026
2,0742,5392,798
2,9493,2793,5193,6593,917
4,378
333
418334313267
315
309320
302286
359361
357
467
567
355694
654633513664870629
712
79
921
53223
31
7316
5
13
1
43
40
70,56268,55067,91577,76377,65981,40986,37689,45993,072104,631
111,000
3,8077,35010,9993,2958,106
9,553
6,4538,335
11,2979,929
8,45217,054
5,702
Source: Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
I/' Beginning February, 1966 includes hospital insurance.
2/ Includes $2,210 million for Federal Hospital Insurance Trust Fund.
Remaining footnotes on following page.
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2. - Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal yearor month
InterestDividendsand otherearnings 1/
Realiza-tion upon
loans andinvest-ments
Recov-eries andrefunds
Royal-ties
Sale ofGovern-mentproperty
Sale ofprod-ucts
Seign-iorage
V
Fees forpermitsandlicenses
Fees andotherchargesforservices,etc
.
Rents
Fines,
penaltiesand for-feitures
Other 2/
1957 ,
19581959i960 -
1961 ,
1962
1963
196-t
1965t966 p
1967 (Eat.)
1965-July..Aug...Sept..Oct...Nov...Dec . .
.
1966-Jan...
Feb...
ibr...Apr. .
.
May...Jime p
July.
.
2,7i93,1963,158
4,0823,206
i,436i,0774,6225,797
7,050
i62iOI
3i8384766386
456381
467408401935
373
628745601
967942377765
9551,077824
968
94937
6422494
85
17
1721
1494
50
438674506
1,111
805743860984
1,3931,731
1,820
148157169
160
247115
120
123
109125
124134
140
323328587
4361,012
371
1,076752496347
194
352321
31
104-11
3431
2832
30-11
29
266322
343lU182
154200130132141
127
20
A21
911
7
11
7
2110
6
15
21
79
909396114121
124131
132152
204
10
-2010
12
11
9
12
-10
1412
1478
11
387
345325
392
343263
263
331
431944
1,058
84iO38
3964
AA
61
62
128
9356
236
47
312304350
374330342370409427503
396
26
5526
333739
37
693732
4170
24
4959
AA53
5558
4569117649
1,568
91426
3632
48
60
4371
66
94144
21
i953
545781
62101
708391
123
46
A
5
9
10
9
15
5
160161
133111
100101
110118128134
163
U11
9
8
98
17
11
12
U5
U10
2886
93325
9439
43774109229
408
5
5
6
5
713
32
5
7
6
10128
20
2323
16
1411
79488726
15
1
1
2
1
1
2
1
1
1
1
U1
6
5
8
1211
13
6
7
926
11
13
11
-21
11
11
-20
812
-14
-2
5
Source: Actual figures through 1961 are from reports to the Treasury J/Department by disbursing officers and administrative agencies, on
the monthly statement reporting basis (see page II); and from the
monthly statement of receipts and expenditures thereafter. Esti- 2/
mates, including effect of proposed legislation, are from the 1967Budget document, released January 24, 1966.
Beginning October 1965 certain accounts representing profits fromsilver coinage, previously classified as "dividends and otherearnings," have been classified as "seigniorage."Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, gifts and con-tributions, and undistributed proceeds, sale of foreign cixrrency.Less than $500,000. p Preliminary.
Footnotes to Table 1 - (Continued)
2/ Includes adjustments as follows: Income taxes not withheld, August
-tA million, November -$6 million, February -iA million and May +$93
million; income taxes withheld, August -$202 million, November +$128
million, February +$74 million and May -$122 million; transfers to
Federal Old-Age and Survivors Insurance Trust Fund, August +$187
million, November -$107 million, February -$73 million, and May +$23
million; and transfers to Federal Disability Insurance Trust Fund,
August +$18 million, November -$15 million, February +$2 million andMay +42 million.
^
y
Interest on refunds is included in expenditures in Table 3.The principal amounts for refunds of employment taxes and certainexcise taxes (highway) are excluded from the transfers of tax receiptsshown herein, and are included with refunds of internal revenuereceipts, applicable to trust accounts.For content, see Table 4. These transactions are included in thedetail of both budget receipts and expenditures but are deducted fromthe totals (see Reporting Bases, p. II).
Less than $500,000. p Preliminary.
Treasury Bulletin
, AIMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
80
76
72
68
64
60
$Bil.
125
100
75
50
25
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3. - Expenditures by Agencies
(in millions of dollars)
Fiscal yearor month
Legis-lativeBranch
Judi-ciary
ExecutiveOfficeof thePresident
Fundsappropriatedto thePresident
Agri-cultureDepart-ment
CommerceDepart-ment
Defense Department
Military Civil
Health,Education,andWelfareDepartment
Housingand UrbanDevelopmentDepartment
InteriorDepart-ment
JusticeDepart-ment
LaborDepart-ment
PostOfficeDepart-ment 1/
1957195819591960196119621963
196i1965 •
1966p
1967 (Eat.)...
1965-July
August. .
.
SeptemberOctober.
.
November.December.
1966-January .
.
February
,
Ifarch. . .
.
April. . .
.
MayJune p. .
.
July
9799118126
13i153147
152
165181
205
18
8
15
23
16
U18
10
12181613
10
39
4447
4952
5762
657479
91
6
6
68
6
7
6
6
68
7
7
10
11
56
56
70
29
23
23
2426
31
2
2
2
2
2
3
4,1154,0814,1091,764 2/1,8082,0533,9684,1194,307 V4,278
5,028
315348272308
352367
255
359
443279368612
307
5,0064,8757,0915,4195,9296,6697,7357,8977,298
5,986
5,798
5211,112
839647756603
559
334
418-15225692
486
S/
562
645382
539498
594676686758
745
923
6750
4976121
57
62
73
-247265
75
82
38,43939,06241,23342,82444,67748,20548,25249,76046,17354,363
57,150
3,6014,1314,3004,2524,2104,789
4,411
4,198
5,2464,7664,5595,899
4,661
639
733807902971999
1,128
1,1531,2341,309
1,369
96121125131
134129
115
79
1029911066
123
2,2952,6453,0923,4033,6854,2154,9095,4985,7407,652
10,191
541402787541467600
662
613
918752
744626
909
-23
1991,152
309502
739410328250772
-414
-10366
1596
U5233
-93
291
166-58-6628
616
572666751690801
9081,0291,1241,2051,325
1,322
138128113112104136
94104
8787
101121
135
214229250258284294317328358371
405
3728
29
29
30
39
30
29
2'}
31
3130
38
418567
1,016549831 y620
257370480500
522
3363
8470
7967
51
-168
6843
6444
70
518674774525
914797770578
805874
755
43798423
31
84
lU110
9343
7863
74
Fiscal yearor month
StateDepart-ment
Treasury Department
Interest
Onpublicdebt 6/
Onrefundsof taxes
AtomicEnergyCom-mission
FederalAviationAgency
GeneralServicesAdminis-
tration
National
Aero-nauticsand SpaceAdm.
Veterans'Adminis-tration
Otherinde-pendentagencies
DistrictofColumbia
V
Total byagencies
Deduct:Inter-fundtrans-actions8/
Net
budgetexpend-itures
19571958
1959196019611962
1963196419651966p
1967 (Est.)...
1965^ulyAugust. .
.
SeptemberOctober.
.
November.December
.
1966-January .
.
February.March. . .
.
April. . .
.
MayJune p . .
.
July
179206
272
247258307408347383401
405
4922
53
4940
33
13
32
3229
2426
7,2U7,607
7,5939,1808,9579,120
9,89510,66611,34612,034
12,750
1,000966966962963
1,005
1,035
9761,0351,0131,0251,088
1,091
57
74697683
68
748877
104
9
917
9
686
610
15
748765
2,17810/875987985
1,0591,1931,3061,340
1,407
104106
97106158102
115
103110113
137
142
1,9902,268
2,5412,6232,7132,8062,7582,7652,6252,404
2,300
207210177186205
185
192
186197193
241225
226
441508638698726751795804
840
57
556661
74
73
71
6662
6485
70
71
570
425
359408387
445466593624607
635
606558
55
4460
37
576451
48
6
73
145401744
1,2572,5524,1715,093
5,933
5,300
427482489
449470521
477
456519502
569
571
494
4,8055,0985,2325,2505,4015,3925,1735,4785,4885,069
5,718
208482473484525206
528
512524287
484
357
449
9112/940956224794937293159703319
275
-140129
194224384118
88-271
83132100
-723
128
26
25
3128
50
726657
61
71
22
12
1
-12
2
19
1
24
26
69,43371,93680,69777,23382,16988,41993,15598,34897,377
107,546
113,559 11/
7,3199,0829,4538,8039,3279,458
8,882
8,173
10,1988,375
9,055
9,421
10,302
467567
355694654633513664870629
712
79
921
53223
31
73
16
5
13
1
43
40
68,96671,36980,342
76,53981,51587,78792,64297,68496,507106,917
112,847 11/
7,2408,9909,4528,7509,1059,426
8,8098,156
10,1938,362
9,055
9,378
10,263
Source: Actual figures are from the monthly statement of receipts andexpenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,are from the 1967 Budget document released January 24, 1966.
Note: Agency shifts are shown in this table beginning with the period
of such shifts; figures prior to the shifts have not been adjusted.
Therefore, some expenditures do not neaessarily represent functions
which are comparable over a period of time (for a more consistent
basis, see Table 6)
.
Footnotes on following page.
ireasury Bullet.m
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4. - Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In rallllons of dollars)
Fiscal year
or month Total
Interest payments to the Treasury 1/
Totalinter-est
Coramod-
ityCreditCorp.
Export-ImportBank ofWashing-ton
Housingand UrbanDevelop-mentDepart-ment 2/
PanamaCanalCompany
SmallBusinessAdmin.
Tennes-see
ValleyAuthor-ity
Veterans'Admin-istration3/
UnderDefensePro-ductionAct V
Other
Reim-burse-ment by
PanamaCanalCompany6/
Chargesforauditsofvariousagencies
195719581959I9601961
19621963196419651966 p
1967 (Est.)...
1965- JulyAugust..
.
SeptemberOctober.
,
November.December.
1966-January .
.
February
.
March. . .
.
AprilMayJune p..
.
July
467567
355694654633513
664870
629
712
79921
53
223
31
73
16
5
131
43
40
456557342682640620
499648852
611
684
7992
1
47223
31
6916
5
91
39
40
340421181
465410330186
199
459
302
322
2
70
24
31
41
464357
51
3415
14
474539
90118146160
152147138
130
68
1
65
2
26
11
99
9
910
11
1112
12
1
3
7
7
15
1420
27
31
39
45
39
10
14
1923
324047
4936
34
24
24
30
42
356
8
6
154125
U35
3
4
47
8
16
18
22
26
56
106 2/
10
912
11
13
12
14
1517
17
19 9 8/
14
11
1
1
1
2
1
24
26
1
Source: See Table 1.
1/ By Government agencies operated as revolving funds; on loans (see"Debt Outstanding," Table 6) and other interest-bearing U. S.
investments.Consists of payments by: Office of the Secretary for college housing,urban renewal, and public facility loans; Federal National MortgageAssociation; and Public Housing Programs.Direct loan program and reopened insurance fund.By various agencies for programs under Defense Production Act.Consists of payments by the: Colorado River Dam Fund, Boulder Canyonproject; Virgin Islands Corporation; Bxireau of Federal Credit Unions;Civil Defense Program Fund; Farmers' Heme Administration; InfozToational
2/
1/U
6/
8/
fedia Guaranty Fund beginning 1959; Federal Ship Mortgage InsuranceFund beginning I960; St. lAurence Seaway Development Corporationbeginning 1960; Economic Opportunity Loan Fund and Upper ColoradoRiver storage project beginning 1965; and Farmers' Home Administrationrural housing loans beginning 1966.For net cost of Canal Zone Government, less tolls on Government ves-sels, and for part of treaty payment for use of Canal Zone.Includes $48 million for power marketing agencies.Includes $9 million for fees and other charges of power marketingagencies.Less than $500,000.Preliminary.
Footnotes to Table 3 - (Continued)
2//
V
5/
2/
Consists of net expenditures of the Postal Fund, reflecting the change 2/in classification of Post Office transactions to a public enterpriserevolving fund basis, and beginning fiscal I960, payment for publicservices.
Adjusted for reclassification.Beginning with fiscal 1961, administrative expenses of the employ-ment security program are handled as trust account expenditures ratherthan budget expenditures, pursuant to the Employment Security Act of1960, approved September 13, I960 (42 U.S.C. 1101).Includes $258.8 million paid to the International Monetary Fund for theadditional United States gold subscription, authorized by an act approv- 10/ed June 2, 1965 (see "Account of the Treasurer of the United States,"Table 4).Net decrease is due to sale by the Commodity Credit Corporation of cer-tificates of Interest on loans held by the corporation. Net expendi-tures, excluding this sale, were $340 million.Reported on an accrual basis effective June 30, 1955.Consists of Federal payment and loans and advances.For content. See Table 4. These transactions are included in the de- il/tail of both budget receipts and budget expenditures, but are deducted •
from the totals (see Reporting Bases, p. II). p
Effective January 1, 1957, the production credit coporations weremerged in the Federal intermediate credit banks, pursuant to FarmCredit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027, and oper-ations of the merged agencies (as mixed-ownership corporations) wereclassified as trust enterprise funds from January 1, 1957, untilJanuary 1959 when they were classified as Government-sponsoredenterprises (see "Trust and Other Transactions," Table 3); previouslythe operations of the banks and the corporations, respectively, wereclassified as public enterprise funds and were included net in budgetexpenditures.Includes $1,375 million paid to the International Monetary Fund forthe additional United States subscription, authorized by an actapproved June 17, 1959, consisting of $344 million in gold (see"Account of the Treasurer of the United States," Table 4) and
$1,031 million in special notes. The special notes of the UnitedStates issued to international institutions are nonnegotiable andnoninterest-bearing and are payable on demand. See also "Consol-idated Cash Transactions," Table 2 and "Debt Outstanding," Table 1.
Includes an allowance for contingencies of $350 million.
Less than $500,000.Preliminary.
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5. - Summary of Appropriations and Authorizations, Expenditures and Balances, by Agencies,as of June 30, 1966 (Preliminary)!/
(In millions of dollars; negative figures are deductions in the columns in whicli they appear^
Agencies
Unexpendedbalancesbrought forwardJuly 1, 1965 2/
Additions, fiscal year 1966 to date
Increase
AppropriationsAuthorizationsto expend fromdebt receipts ^
Other authori-zations ^ Total
Trans-fers 6/
Legislative BranchThe JudiciaryExecutive Office of the PresidentFunds appropriated to the PresidentAgriculture DepartmentCommerce DepartmentDefense Department:MilitaryCivilUndistributed foreign transactions
Health, Education, and Welfare DepartmentHousing and Urban Development DepartmentInterior DepartmentJustice DepartmentLabor DepartmentPost Office DepartmentState DepartmentTreasury DepartmentAtomic Energy CommissionFederal Aviation AgencyGeneral Services AdministrationNational Aeronautics and Space AdministrationVeterans ' AdministrationOther independent agenciesDistrict of Colximbia - Federal payment and loans to.
Total
67
5
6
16,5654,9U1,A15
33,123399
3,517U,190
7096i
5U501
U7239
1,559568
673
3,35i1,257
13,122123
19883
27
5,9707,2461,294
62,2851,393
10,2711,7971,413
388703975403
13,5962,366867596
5,1756,0031,589
117
522
1
41016
-75-16
15
-236-4
97,030 124,756 951 -322
190
8327
5,8957,7511,310
62,2851,393
10,2711,9711,425
388703
975403
13,5962,366
867596
5,1756,0031,592
118
125,385
-146
173
-28
Agencies
Deductions, fiscal year 1966 to date
Expenditures
Rescissions,cancellations,and otheradjustments 7/
Unexpended balances June 30, 1966 (Preliminary)
Undisbursedappropria-tions
Unused author-izations to
expend fromdebt receipts 4/
Unfundedcontratauthori-zations
Invest-mentsheld
8/
Total 2/
Legislative BranchThe JudiciaryExecutive Office of the PresidentFunds appropriated to the PresidentAgriculture DepartmentCommerce DepartmentDefense Department;MilitaryCivilUndistributed foreign transactions
Health, Education, and Welfare DepartmentHousing and Urban Development DepartmentInterior DepartmentJustice DepartmentLabor DepartmentPost Office DepartmentState DepartmentTreasury DepartmentAtomic Energy CommissionFederal Aviation AgencyGeneral Services AdministrationNational Aeronautics and Space AdministrationVeterans ' AdministrationOther independent agenciesDistrict of Columbia - Federal payment and loans toAdjustment to monthly statement of receipts andexpenditures of the Government
Total
Deduct: Interfund transactions
Net budget expenditxares
181
7926
4,2895,983745
54,3271,309
437,653772
1,325371500
874407
13,4782,404804607
5,9335,069
32071
12
25
300
-12
120
5
4
3
109
47
-23 2/
107,546
629
619
58
8
7
12,010
1,3951,450
41,189473-43
6,1362,174
67776
717
595
U4356
1,521631662
2,5961,7341,762
123
23
76,473
5,9913,923
10
9,U811
1,365225
79
3,230116
718
266
10,973
30,322 5,027
188
1,517
2,427
658
718,C016,6821,679
41,268483-43
6,13615,270
80476717
595lU356
1,521631662
2,5962,188
U,257123
23
114,249
106,917
Source: Bureau of Accounts. Details for the current fiscal year to date 4/are shoi.m in Bureau of Accounts report "Budgetary Appropriations andOther Authorizations, Expenditures and Unexpended Balances."
1/ These figures, the latest available, are based on reports from the ^agencies and, as additional information is received, are subject toadjustment preparatory to the closing of the central accounts in theTreasury for the fiscal year 1966. Subject to adjustment are: Certain 6/overseas transactions not yet included; the write-offs or withdrawals 7/of unobligated balances no longer available, since agency reportscovering these transactions are not required by law to be submitteduntil September 30; certain indefinite appropriations included on thebasis of Budget estimates rather than final actual figures; other 8/transactions, including those relating to (a) authorizations to expendfrom debt receipts, (bj restorations and reappropriations. o/
2/ Although not expended, a substantial portion of these amounts isobligated for payrolls, outstanding purchase orders and contracts forequipment and supplies, and similar Items.
2/ Includes reappropriations. »
Consists of authorization by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from corporate debt receipts).Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidateeither current or prior contract authorizations.Consists of appropriation transfers between agencies.Consists of transfers to, or restorations from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority and
contract authority; transfers to miscellaneous receipts; and
other adjustments.Public debt securities and certain guaranteed securities issued by
Government enterprises.Represents the difference between this report based on accounts sub-
mitted by certain disbursing officers and corresponding preliminarydata used in the monthly statement of receipts and expenditures of the
Government
.
Less than $500,000.
Treasury Bulletin
ADMINISTRATIVE BDDGET RECEIPTS AND EXPENDITURES
Table 6. - Expenditures and Balances by Functions(Fiscal years; in millions of dollars)
FunctionsFunctioncodenumber
1961 1962 1963 1%i 1965
1966p 1/
ExpendituresUnexpendedbalances end
of period 2/
National defense :
Department of Defense-MilitaryMilitary assistanceAtomic energyDefense-related activities
Total national defense
International affairs and finance;Conduct of foreign affairsEconomic and financial programsForeign information and exchange activitiesFood for Peace
Total international affairs and finance
Space research and technology
Agriculture and agricultural resources:Farm income stabilization 3/Financing farming and rural housingFi nancing rural electrification and rural telephonesAgricultural land and water resourcesResearch and other agricultural services J/
Total agriculture and agricultural resources
Natural resources:Land and water resourcesForest resourcesMineral resourcesFish and wildl ife resourcesRecreational resourcesGeneral resource surveys and administration
Total natural resources
Commerce and transportation:AviationWater transportationHighwaysPostal serviceAdvancement of business
,
Area and regional developmentRegulation of business
,
Total commerce and transportation
Housing and community development :
Aids to private housing 4/ ,
Public housing programsDrban renewal and community facilities
,
National Capital region
Total housing and community development
Health, labor, and welfare:Health services and research^.
,
Labor and manpowerPublic assistance^.
,
Economic opportunity programOther welfare services
Total health, labor, and welfare
Education:Assistance for elementary and secondary education 6/.Assistance for higher education b/Assistance to science education and basic research..Other aids to education 6/ ,
Total education
Veterans' benefits and services:Veterans' service-connected con5)ensation 2/Veterans' nonservice-connected pension 2/'Veterans ' readjustment benefits ^/.
,
Veterans' hospitals and medical care,
Other veterans' benefits and services 7/ ,
Total veterans' benefits and services
051057058059
151152153154
251
351
35235335i355
401
i02403iOi,
i05409
501
502
503
505506507
508
551
552
553555
651652
653655659
701
702703704
801802803804805
43,227
1,4^92,713
104
47,494
2161,927
158
1,653
3,954
744
2,345349301
347324
3,667
1,^44331
61
7391
55
2,056
716
56936
914271
67
2,573
-44150162
51
320
961
8092,147
327
4,2U
332286143181
943
2,0341,532
5591,030259
46,815
1,3902,806
92
51,103
2492,130
1971,726
4,301
1,257
,093234303367341
4,33?
1,6232806881
9460
2,206
781
65433
797427
7
74
2,774
-149163261
74
349
1,233591
2,331
382
4,538
337350183207
5,414
1,076
2,0171,635388
1,084279
5,403
48,2521,721
2,75824
52,755
3461,826
201
1,779
4,151
2,552
3,954300
342324391
5,311
1,779
30371
94112
73
2,431
67241
770366101
84
2,843
-537178
222
70
-67
1,511
224
2,631
423
4,739
392428206219
1,^44
2,1161,698-13
1,145240
5,186
49,7601,485
2,765172
54,181
2971,479
207
1,704
3,687
4,171
4,144251
342324414
5,475
1,832
33291
105
130
73
2,563
835658
39578401
40191
3,002
-595149
306
59
-80
1,878
3452,786
466
5,475
404383310241
1,339
2,1581,743
113
1,229249
5,492
46,1731,229
2,625136
50,163
3462,094
2231,641
4,304
5,093
3,438268
392341
457
4,898
1,922374105120
134
94
2.750
875728
3980555739898
3,499
-818
23042064
-104
1,882
4642,827
211
513
5,698
418413
309405
1,544
2,1761,864-50
1,270235
5,495
54,369948
2,404-59
57,662
3151,861
227
1,459
3,864
5,933
2,294169
373
333497
3,667
2,112407108130
15390
2,999
879706
54874201162
99
2,975
-475233
44575
278
1,860496
3,5661,004734
7,660
1,238825368398
2,829
4,2U
-601
1,318
155
5,036
Footnotes at end of table. {CoiitiTiuied on following page)
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6. - Expenditures and Balances by Functions - (Continued)
{Fiscal years; in millions of dollars)
FunctionsFunctioncodenumber
1961 1962 1963 1964 1965
1966p 1/
ExpendituresUnexpendedbalances endof period 2/
Interest ;
Interest on the public debt
Interest on refunds of receiptsInterest on uninvested funds
Total interest
General government ;
Legislative functionsJudicial functionsExecutive direction and managementCentral fiscal operationsGeneral property and records managementCentral personnel managementProtective services and alien control..Other general government
Total general government
Undistributed
Total
Deduct; Interfund transactions
Net budget expenditxires (see table 3) •••
851852853
90190290390i905906908910
8,9578310
9,050
11852
22607372140289109
1,709
82,169
654
81,515
9,1206810
9,198
1355722
653419153300136
1,875
3,419
633
87,787
9,8957411
9,980
1316321
715444142323139
1,979
93,155
513
92,642
10,66688
11
10,765
1266622
791576174335189
2,280
98,348
664
97,684
11,3467712
11,435
U27623
825606174366190
2,402
97,378
870
96,507
12,034104
14_
12,151
1
-2
15479
24866591175
384191
499
6
123654
479
_8A^2,465 1,007
-23 23
107,546 114,249
•629
106,917
Source: Expenditures for 1966 are from reports received from disbursing,collecting, and administrative agencies of the Government, on themonthly statement reporting basis (see page II). They are classi-fied in accordance with classifications used in the 1967 Budget docu-ment, Table 19, as nearly as can be done on an individual appropria-tion and fund item basis. Prior year figures are from the same sourcebut have been adjusted below the appropriation level in some instancesby the Bureau of the Budget for use in Table 19. Where currentclassifications differ on this account, they are footnoted. Revolvingfund transactions are included net in the expenditures.
1/ For expenditures by major functions for fiscal 1967 through July 1966,and fiscal 1966 through July 1965, see "Note" below. Details by func-tions are not available for publication in this issue but will appearin the September 1966 Bulletin.
2/ For description of items included, see Table 5. Although not ex-pended, substantial portions of these amounts are obligated forpayrolls, outstanding purchase orders and contracts for equipmentand supplies, and similar items.
1/ Expenditures for 1966 for function code 351 include those relating tospecified research projects applicable to function code 355. Theseexpenditures were made from "Special Activities, Camnodity CreditCorporation."
4/ Expenditures for 1966 for function code 551 include those relating toveterans' readjustment benefits applicable to function code 803.These expenditures were made from the "Participation Sales Fund,Federal National Mortgage Association."
^ Expenditures for 1966 for function code 653 include those relating tomedical and hospital care for the aged applicable to function code 651.These expenditures were made from "Grants to States for Public Assist-ance, Bureau of Family Services."
6/ Expenditures for 1966 for function code 702 include those relating toassistance for elementary and secondary education applicable to func-tion code 701 and other aids to education applicable to function code704. These expenditures were made from "Defense Educational Activities,
Office of Education."
7/ Expenditures for 1966 for function code 801 include those relating toveterans' nonservice-connected pensions applicable to function code802 and other veterans' benefits and services applicable to functioncode 805. These expenditures were made frcan "Compensation and Pen-sions, Veterans' Administration."
» Less than $500,000.
p Preliminary.
Note; Expenditures by major functions.
Functions
National defense ,
International affairs and financeSpace research and technology ,
Agriculture and agricultural resources.Natural resourcesCommerce and transportationHousing and community develo^MentHealth, labor, and welfareEducationVeterans ' benefits and servicesInterestGeneral government
Total
Deduct; Interfimd transactions ...
Net budget expenditures
1967 throughJuly 1966
1966 throughJuly 1965
(In millions)
4,891260
494397299292643951281
4501,106
238
10,302
40
10,263
3,83525
427457265248-127
655101210
1,010215
7,319
79
7,240
10 Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 1. - Summary of Trust and Other Transactions
(In millions of dollars)
August 1966 n
.TRUST AND OTHER TRANSACTIONS.
Table 3. - Trust, Deposit Fund, and Government-Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
12 Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 4. - Investments in Public Debt and Agency Securities (Net)
August 196613
.TRUST AND OTHER TRANSACTIONS.
Table 5. - Sales and Redemptions of Government Agency Securities in Market (Net)
(In millions of dollars; negative figures are excess of sales)
Fiscal yearor month
1957
1958
1959
1960
1961
1962
1963196419651966 p
1967 (Est.;...
1965^ulyAugust . .
.
SeptemberOctober.
.
November
.
December.
1966-January.
.
February.March. ...
April. ...
MayJune p. . .
,
July
Fiscal yearor month
Total 1/
-1,171
-400
-1,293-1,746
537-1,780-1,022-1,880-1,372-4,078
-1 ,338
-15
-473
49-33
-168
45
-265
-260
-341
-732-1,070-814
-297
Securities guaranteed by the United States
Totalguaranteed
-33
6-10-29
-100
-204-162
-206
223
129
154
116-23
-20
2928
9
40-19-21
-13
3
4
-27
Public enterprise funds
FederalFarmMortgageCorpo-ration
FederalHousingAdminis-tration
-33
6-10-28
-81-204-162-206
223129
154
116-28-20
2928
9
40-19-21
-13
3
4
-27
HomeOwners'LoanCorpo-ration
Trustenterprisefund
D. C.stadiumfund
-19
Securities not guaranteed by the United States
Total notguaranteed
-1,137 3/-406
-1,283-1,717
638-1,576
-860
-1 ,674-1,595-4,207
-1 ,492
-131
-445
69-62
-197
35
-305
-241
-321
-720-1,072
-818
-270
Public enterprise funds
FederalNationalMortgageAsso-ciation 2/
-233
6
797
1957
1958
1959I960
1961
1962
1963
1964
1965
1966 p
1967 (Est.)...
1965-JulyAugust . .
,
SeptemberOctober.
.
November.December.
1966-January.
.
February.March. . .
.
April. ...
MayJune p . .
.
July
Securities not guaranteed by the United States - (Continued)
Public enterprisefunds - (Cont.)
TennesseeValleyAuthority
-50-95
-35
-45-60
-100
-15
-5
-40
Trust enterprise funds
Federalintermediatecreditbanks ^
-238-225
58
FederalNationalMortgageAssociation ^
-950-115
-125
-994
86-359
597262-99
-1,472
-500
3-10
48-88
-74
35
-454-59
-251
-171
-324-126
212
Government-sponsored enterprises
Banksforcooperatives
-46-20-86
-46
-52
-48-29
-39-189-157
-80
-232
-37-43-10
*
-23
-40
24-9
Source : See Table 1
1/ See Table 1, Note.2/ Management and liquidating functions.^ Federal intermediate credit banks were classified as public enterprise
funds prior to January 1, 1957, as trust enterprise funds January 1,
Federalhomeloanbanks
191
282-554-284
200-750-975
-1 ,431
-556
-1,553
-300
-50-251
12
25-203
3
151
13
-5
-377-462-410
-288
Federalintermediatecreditbanks ^
-340-144
-124-132-278-132
-147-391
-212
-84-81
22
99120
51
-7
-62
-66
-132-143-109
-82
HomeOwners'LoanCorpo-ration
Federallandbanks
-230-95
-242-250
.-220
-192-174-248-559-573
-300
«
-81
1
-62
3
-44
5
-110
7»
-167-125
-111
i/
1957 to January 1, 1959, and as Government-sponsored enterprisesthereafter.Secondary market operations.Less than $500,000.Preliminary.
u Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS,
Table 6.- Interfund Transactions Excluded from Both Net Trust Receipts and Trust Expenditures
(in millions of dollars)
Fiscal yearor month Total
FederalOld-Age andSurvivorsInsuranceTrust Fund X/
Federal Dis-
abilityIneuranceTrustFund 1/ 2/
FederalSupple-mentaryMedicalInsuranceTrust Fund
2/
RailroadRetirementAccount
l/V
Unem-ploymentTrustFund^
Federalemployees'retirementfunds 6/
Alienpropertyactivities 7/
DistrictofColumbia 8/
195719581959i96019611962
1963
196i19651966p
1967 (Est.)...
1965-JulyAugust. .
.
SeptemberOctober.
.
November.December.
1966-January .
.
February
.
March. . .
.
April ....
HayJune p . .
.
July
10
11
135908515528
505521638770
767 2/
4102
24
7
7
30
8
8
26
7
5
543
12A600
332361423403436444
520
1
6
132222
27
32
27
211
132101
38
355841
68
8632
37
9479092
94
23
24
24
10142
24
95
444 28 48
3
910
1012
12
13
151718
32
1
1
1
1
1
3
1
2
2
1
2
1
34 33
Source : See Table 1
.
1/ Payments are made between the Railroad Retirement Account andFederal Old-Age and Survivors, Federal Disability and Federal Hospital ^insurance trust funds so as to place those funds in the position in
which they would have been if railroad retirement employment had been 6/included under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and 7/Survivors Insurance Trust Fund for administrative expenses. g/
2/ Premiums deducted from benefit payments from Federal Old-Age and Sur-vivors and Federal Disability insurance trust funds, and Civil Serviceand Railroad Retirement accounts.
ij Includes temporary advances to the Railroad Unemployment Insurance o/Account in the Unemployment Trust Fund when the balance in the account
is insufficient to meet payments of benefits and refunds due or tobecome due.
Repayment of advances plus interest to the Railroad Retirement Account.See footnote 4.
Transfers from the Civil Service Retirement and Disability Fund tothe Foreign Service Retirement and Disability Fund.Transfers to the Foreign Claims Settlement Commission.Contributions and beginning with 1958, transfers of deductions fromemployees' salaries to the Civil Service Retirement and DisabilityFund, advances to National Park Service, and advances to SmithsonianInstitution.Includes payment of $2 million between Federal Old-Age and SurvivorsInsurance Trust Fund and Federal Supplementary >fedical Trust Fund.Less than $500,000. p Preliminary.
August 1966 15
.TRUST AND OTHER TRANSACTIONS.
Table 7. - Federal Old-Age and Survivors Insurance Trust Fund 1/
(In millions of dollars)
Fiscal yearor month
Receipts
Total 2/Appropriations
yDeposits byStates 4/
Net earningson investments
Expenditures other than investments
TotalBenefitpayments
Payments to Rail-road RetirementAccount y
1937-561957195819591960196119621963196i19651966p
1967 (Est.
J
1965-JuiyAugustSeptember. .
.
October
November. , ,
.
December , . .
.
1966-JanuaryFebruary . . .
.
March
AprilMayJune p
1937 to date p 8/
45,996.1
7,100.67,824.48,108.7
10,360.011,823.912,011.013,855.716,043.416,416.5
18,460.6
21,11^.8 6/
580.62,672.1964.9
447.6
1,627.5918.9
104.82,441.41,664.3
1,177.4
3,469.82,391.3
168,000.8
41,629.46,243.06,794.97,084.09,192.410,537.210,600.012,351.214,335.1U,572.416,473.5
18,932.0
574.02,226.3988.0
416.0
1,323.9698.0
99.92,182.51,666.0
1,142.0
2,939.82,217.0
U9,813.2
433.2296.8472.1481.1650.3755.4869.6989.6
1,166.61,257.9
1,392.3
1,511.0
2.7
423.4-28.6
5.4278.6
-.6
.9
237.1-7.5
13.5
502.4-35.1
8,764.8
3,889.2555.3555.4543.0516.4530.2539.0512.4539.0583.1
588.2
589.9
3.822.3
5.5
26.2
25.0217.9
4.021.85.8
21.827.6
206.3
9,351.3
23,403.06,664.88,040.79,379.811,072.711,752.313,270.214,529.715,284.615,961.9
18,769.4
19,877.0 2/
1,324.21,319.22,114.4
1,467.7
1,495.81,436.1
1,506.21,542.11,544.6
1,551.6
1,598.9
1,868.7
148,129.1
22,452.86,514.67,874.99,049.110,269.711,184.512,657.813,844.6U,579.215,225.9
18,071.5
19,064.0
1,295.21,287.02,075.8
1,435.8
1,459.01,468.1
1,468.61,498.91,497.0
1,508.0
l,5a.31,536.8
141,724.6
124.4600.4331.7360.8422.5402.6435.6
443.8
520.0
443.8
3,122.0
Fiscal yearor month
Expenditures, etc. - (Continued)
Construc-tion 2/
Administrative expenses
Reimbursementto generalfund 10/
Bureau ofOASI 11/
Reimbursement (-) fromFederal Disability In-
surance Trust Fund
Net increase,
or decrease(-), Inassets
Assets, end of period
Total InTestmentsUnexpendedbalance
1937-56.1957....1958....1959....I96019611962
1963....1964. . .
.
1965....1966p...
1967 (Est.).
1965-JulyAugust.. .
.
September
.
October. .
.
November,
.
December.
.
1966 -January. .
.
February. .
March
April.
.
May. . .
.
June p.
1937 to date p 8/.
.3
1.611.612.51.8
3.11.72.6
.3
1.5
6.5
.1
.1
.1
.2
.3
.1
.2
.1
.2
.2
37.2
399.330.9
34.539.0
39.443.845.348.551.7
52.449.9
54.1
4.34.87.9
-4.2
4.46.5
4.64.84.3
4.0
4.34.3
834.4
551.0119.0138.9173.2179.3223.6263.5275.4312.4
322.8
443.4
276.6
24.627.430.6
35.932.1
47.4
33.0
38.343.1
39.6
53.0
38.4
3,002.3
-9.1-17.5-28.8-33.2-60.3-62.9-63.8
-75.1-240.6
-45.2
-85.9
-154.7
-591.4
22,593.1435.8-216.3
-1,271.2-712.7
71.6-1,259.2-674.1758.8
454.6-307.9
1,235.9
-743.61,352.9
-1,149.5
-1,020.1
131.7-517.2
-1,401.4899.4119.7
-374.2
1,871.0522.6
19,871.7
22,593.123,028.922,812.621,541.420,828.720,900.319,641.118,967.119,725.9
20,180.519,871.7
20,070.6
19,436.920,789.8
19,640.3
18,620.218,751.918,234.7
16,833.317,732.717,852.4
17,478.2
19,349.1
19,871.7
19,871.7
22,043.022,263.321,764.220,474.419,748.819,523.518,434.717,613.218,304.9
18,765.717,908.7
18,523.0
17,854.719,150.018,031.2
17,005.817,238.916,642.9
15,143.716,031.515,973.7
15,104.2
17,426.2
17,908.7
17,908.7
550.1765.6
1,048.41,067.01,079.91,376.81,206.5
1,353.91,421.0
1,414.81,963.0
1,547.6
1,582.21,639.81,609.1
1,614.41,513.01,591.9
1,689.61,701.21,878.8
2,374.01,922.91,963.0
1,963.0
Source: See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.2/ Total includes: $15.4 million (1937-56) transferred from general fund
for administrative and other costs of benefits payable to survivors ofcertain World War II veterans (60 Stat. 979 and 64 Stat. 512); $28.6million (1937-56), $5.2 million (1957), and $1.6 million (1958), paidfrom the Railroad Retirement Account; beginning November 1951, smallamounts in the nature of recoveries from expenditures incidental tothe operations; and beginning 1958, interest payments from FederalDisability Insurance Trust Pimd, and sale of waste paper.
J/ Includes unappropriated receipts beginning January 1962.
^ To cover employees of States and their political subdivisions, underthe Social Security Act Amendments of 1950 (42 U.S.C. 418).
5/ See Table 9.
6/ Includes $78 million for payment for military service credits.
2/8/
2/
10/
11/
Includes $1 million for vocational rehabilitation services.Includes adjustments to monthly statement basis.Construction and equipment of office buildings for the Bureau (PublicLaw 170, approved July 31, 1953 (67 Stat. 254)).Under the Social Security Act, as amended (^2 U.S.C. 401 (g) (l)), foradministration of Titles II and VIII of that act and related parts ofthe Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See alsofootnote 11.
Salaries and expenses of the Bureau of Old-Age and Survivors Insuranceare paid directly from the trust fund beginning 1947, under provisionsof annual appropriation acts until passage of the Social Security ActAmendments of 1956 (42 U.S.C. 401 (g) (l)); previously these expenseswere included in reimbursements to the general fimd.Less than $50,000.Preliminary.
16 Treasury Bulletin
.TRDST AND OTHER TRANSACTIONS.
Table 8. Federal Disability Insurance Trust Fund(In millions of dollars)
August 1966 17
.TRUST AND OTHER TRANSACTIONS.
Table 10. - Unemployment Trust Fund(In millions of dollars)
Fiscal yearor month
Receipts
Stateaccounts
1/
Total
En^jloyment security program"
DepositsbyStates
Employment SecurityftdministrationAccount 2/
Appro-priations
Advancesfromgeneralfund
3/
FederalUn-employ-mentAccount
V
FederalExtendedConden-sationAccount
Railroad unemployment insurance
Railroad UnemploymentInsurance Account 6/
DepositsbyRailroadRetire-mentBoard
7/
RailroadRetire-mentAccount3/
Advances from-
Generalfund
Adminis-trationfund a/
DepositsbyRailroadRetire-mentBoard
Interestandprofitsoninvest-ments
Expendittires otherthan investments
Total
Stateaccounts
1/
Employmentsecurity program
With-drawalsby
States
Employ-mentSecurityAdminis-trationAccount2/
Grantsto
States
1936-5619571958
19591960
19611962
19631964
1965
1966 p
1967 (Est.)...
1965-JulyAugSept
GotNov
Dec
1966-Jan
FebMar
Apr
MayJune p. . .
.
1936 to date p12/
25,450.
1,912.
1,855.
1,997.2,703.
3,803.
3,985.4,260.4,288.
4,132,
4,126,
8 10/
5
43
3 11/
47
3
2
2
3,923.4
96.0904.383.5
157.3524.8199.2
179.1596.572.8
194.9
946.0171.7
58,515.0
21,541.91,541.71,500.71,700.62,167.02,398.12,728.63,008.93,042.43,051.53,067.1
2,900.0
90.6836.414.8
98.0462.723.7
72.4315.629.8
172.7
923.926.5
45,748.5
344.4 11/
452.6945.4846.6
6U.9561.0
539.4
.7
1.82.2
1.51.0
1.1
74.5465.5
6.3
3.5
1.81.3
3,764.9
232.171.2
33.5
2.651.5
34.9-81.9-4.5
1.5
33.837.6
39.736.737.0
24.0-210.2
498.1332.9
2.4
339.3 833.5
1,091.474.390.4102.0153.0152.7147.1149.8L44.1142.8139.1
U4.9
.6
8.925. f'
.6
5.0
29.8
.4
2.631.9
.5
3.529.6
2,386.8
183.7132.3101.537.735.258.2
40.9
52.0
2.45.8
5.46.4
7.45.2
13.07.0-.6
5.33.0
?.6 19.4
7.98.98.68.17.9
12.09.59.3
7.1
.3
2.0
2.1
.2
2.0
72.2
2,478.2224.8230.9186.9188.1204.5172.6191.1212.6
255.3308.7
280.0
.2
17.21.6
12.012.6
105.6
.4
17.72.6
12.9
13.7112.2
4,653.7
16,661.0
1,643.93,U8.03,053.92,736.44,733.73,906.43,815.53,706.63,130.02,687.7
2,947.3
157.8207.8204.0
166.8264.8236.4
247.0268.1350.5
164.6
219.6200.2
49,223.0
10/L5
11/
,497.21,510.72,926.42,796.92,366.33,552.02,818.82,810.22,703.32,389.61.974.0
2.202.5
134.9158.6133.3
115.7213.6169.8
233.3205.9222.8
153.3
129.5103.2
41,345.4
375.0467.6336.4412.7399.4477.0
509.0
15.139.037.3
40.540.432.5
.3
44.282.4
.3
78.067.0
2,468.1
18 Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 11. - National Service Life Insurance Fund( In millions of dollars)
August 1966
.TRDST AND OTHER TRANSACTIONS.
19
Table 12. - Investments of Specified Trust Accounts in Public Debt Securities
by Issues, as of June 30, 1966
(In millions of dollars)
Description of securities
20 Treasury Bulletin
• CONSOLIDATED CASH TRANSACTIONS '
Consolidated cash transactions reported in the Treasury
Bulletin are on a basis consistent with Federal receipts from
and payments to the public as derived in the Budget of the
United States (in the Budget for 1967 in Special Analysis A).
Shown also is the euaount of net cash borrowing from, or repay-
ment of borrowing to, the public. Revisions of the figures
for earlier years have been made where necessary to make them
as nearly comparable with current Budget classifications as
available data will permit. For this reason certain of the
figures differ somewhat from those published in previous
Budget documents as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes trans-
actions not cleared through the account of the Treasurer of
the United States. Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
fund accounts. Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
both. Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
from expenditures currently, but are added later when actual
payments are made. These items consist of certain interest
accrued on the public debt and expenditures involving the
issuance of a few special public debt securities. Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments. Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public. Federal cash borrowing from the
public includes net borrowing by the Treasury through public
debt transactions emd also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own securities. It excludes changes in the public debt which
do not represent direct cash borrowing from the public. The
net effect of all these transactions with the public is re-
flected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury.
Seasonally adjusted summary data are shown in table 3.
The adjusted data have been derived by applying a seasonal
adjustment formula developed by the Bureau of Census, Depart-
ment of Commerce.
August 1966 21
CONSOLIDATED CASH TRANSACTIONS
Table 1. -Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Fiscal yearor month
Federal receipts from the public
Administra-tive budgetreceipts(net)
Trustreceipts(net)
Intragovern-raental andothernoncashtransactions(See Table 2)
TotalFederalreceiptsfrom the
public
Less; Federal payments to the public
Administra-tive budgetexpenditures(net)
Trust fundexpendi-tures (net)
Intragovern-mental and
othernoncashtransactions(See Table 2)
TotalFederalpaymentsto thepublic
Equals:
Excess of cashreceipts from,
or paymentsto (-), the
public
1957195819591960196119621963
196A1965
1966 P
1967 (Est.)...
1965^ulyAugust. .
.
SeptemberOctober.
.
November
.
December.
1966-January .
.
February.March. . .
.
April. . .
.
MayJune p . .
.
July
70,56268,55067,91577,76377,65981,40986,37689,45993,072104,631
111,000
3,8077,35010,9993,2958,106
9,553
6,4538,33511,297
9,9298,45217,054
5,702
14,30116,15316,76920,34223, 583
24,29027,68930,33131,04734,852
41,608
1,4174,5721,9541,2623,012
1,935
9514,1812,7452,2155,8124,795
2,837
^2,758-2,811-3,025-3,027-4,001-3,834-4, 326
-4,259-4,420-5,100
-7,068
-242-328-354-274-390-650
-313-116-238-290-348
-1,556
-436
82,10581,89281,66095,07897,242101,865109,739115,530119,699134,382
145,539
4,98111,59512,5994,28310,72810,838
7,09112,40013,80411,853V3,91620,294
8,103
68,96671,36980,34276, 539
81,51587,78792,64297,68496,507
10 6,917
112,847
7,2408,9909,4528,7509,1059,426
8,809
8,15610,1938,362
9,0559,378
10,263
12,93815,32519,52121,21222,79325, Ul26,54528,88529,63734,788
37,882
2,4182,3493,1422,4472,7072,636
3,0482,6212,996
3,3353,632
3,455
3,642
-1,899-3,222-5,111-3,423-4,766-5,266-5,436-6,237-3,749-4,114
-5,681
37960
-1,504-679
500-942
-624
486-1,103
-372
134-1,006
-978
80,00683,47294,75294,32899,542107,662113,751120,332122,395137,592
145,048
9,69612,29911,09010,51812,31211,121
11,233
11,26412,086
11,325
12,821
11,827
12,927
2,099-1,580-13,092
750-2,300-5,797-4,012-4,802-2,696-3,210
491
-4,7U-705
1,509-6,234-1,584
-283
-4,U21,1361,718
528
1,0958,466
-4,824
repayment (-)
Fiscal yearor month
Plus: Cash borrowing from the public.
Change in securities held by the public
Publicdebt in-
crease, or
decrease (-)
Net salesof Govern-ment agencysecurities in
market 1/
Net in-
vestmentin secu-rities byGovernmentagencies 2/
Totalsecuritiesheld bythe public,increase, or
decrease (-)
Noncashdebttrans-actions(See Table 2]
Total
cashborrowingfrom thepublic,or repay-
ment (-)
Plus:
Seign-iorage
Equals: Cash balances,
net increase, or
decrease (-)
Treasurer' s
account
Cash heldoutsidetheTreasury
Totalchangesin the
cash
balance
19571958195919601961
19621963196419651966 p
1967 (Est.)...
1965-JulyAugust. .
.
SeptemberOctober.
.
November
.
December,
1966-January,
,
February,March
April. ...
MayJune p . .
.
July
-2,224
5,8168,3631,6252,640
9,2307,6595,8535,5612,633
1,835
-692
1,658-1,4932,1542,310-807
1,0991,308
-2,312-1,416
2,777-2,452
-h21
1,171400
1,2931,746-537
1,7801,0221,8801,3724,078
1,338
15
473-49
33168-45
265260
341732
1,070814
297
-2,339-597
1,130-925-855
-493-2,069-2,775-2,356-3,571
-4,944
1,045-2,5151,2101,303-519
935
1,897-1,749
-2
1,170
-4,023-2,327
333
-3,392
5,61910,7852,4461,248
10,5176,6124,9584,5783,141
-1,771
367-383-332
3,4952,460
83
3,261-181
-1,973486
-177
-3,966
292
200
-2,160-597-536-923
-1,033-1,099-250-530
-289
-50it
-46-125-75-107
-84
-74
50»
-66
45
-65
-3,1ijO
5,8208,6261,848712
9,5945,5793,8594,3282,610
-2,060
318-383-378
3,3702,385-24
3,177-255
-1 ,924
486-243
-3,921
-63
49
59
4453
55
58
4569
117649
1,568
9
1426
36
32
48
60
4871
66
94lU21
-956
4,159-4,3992,654
-1,311
3,7361,686
-1,080
1,575-203
-4,124-858
1,010-2,852
974-177
-1,076
973-224
4531,3704,330
-4,613
5
140-23-4
-222
118-74206
174253
-263-215
148
24-141-81
171
-4490627
-423359
-^53
-952
4,299-4,4222,651
-1,533
3,8541,611-874
1,74950
-4,388-1,073
1,157-2,828
833-259
-Q04
929-134
1,080
9474,689
-4,866
Source: Actual figures are based on the monthly statement of receiptsand expenditures of the Government and the daily Treasury statement
(for explanation of reporting bases, see page II); estimates, includ-
ing effect of proposed legislation, are from the 1967 Budget documentreleased January 24, 1966,
1/ See "Trust and Other Transactions", Table 5, for net sales and
redemptions of Government agency securities in market.
2/ See "Trust and Other Transactions", Table 4, for net investments in
public debt and agency securities.
2/ Includes increment resulting from reduction in the weight of the gold
dollar; excluded from receipts from the public but included in cash
deposits in the Treasurer' s account,
p Preliminary.
22 Treasury Bulletin
•CONSOLIDATED CASH TRANSACTIONS'
Table 2. - Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Fiscal yearor month
Intragovernmental transactions excluded from both receipts and payments
Intereston trustfundinvestments
Civil service retirement 1/
Payrolldeductionsfor em-ployees
Employers'share
Federalpaymentsto Districtof Columbia
Other 2/ Total
Noncashdebttrans-
actionsrelatingto receipts
Seigniorage1/
Total
receiptsadjust-ments
195719581959196019611962
1963196419651966 p
1967 (Est.)...
1965-JulyAugust. .
.
SeptemberOctober.
.
November.December.
1966-January.
,
February
.
March. . .
.
April . . .
.
MayJune p . .
.
July
1,3181,3421,3151,3271,4041,4231,4671,6031,7591,894
1,957
6
65
11
U56
349
11
4264
1,168
6
641660
744744838
8459U973
1,0421,088
1,073
909181
8687
10386
1008785
101
93
525579
744744838
845914973
1,0421,089
1,073
90
9181
86
87
10386
1018785
101
93
66
37
7554
7410288
83102
124
152
24
156
-9
425
2
17
5
-210
27
30
158133103105
792 V561
898559
357256
1,245
24
53
129
40125
53
37-191-501010
16
195
2,7092,7512,9802,975
3,9453,7764,2814,1904,3034,451
5,500
233
3U328238358&02
25368
166224254
1,413
416
4959
4453
55
58
4569
117649
1,568
9
U26
3632
48
6048716694lU21
2,7582,8113,0253,0274,0013,8344,326
4,2594,4205,100
7,068
242
328
354274390650
313116238290348
1,556
436
Fiscal yearor month
Intra-govern-mentaltrans-actions(Seeabove)
Noncash debt transactions relating to payments
Interestincrementon savingsand retire-ment planbonds(net) y
Discounton
securities(net) 6/
UnitedNationsfundsbonds7/
Inter-Amer-ican
Devel-opmentBank 7/
Inter-nationalDevelopmentAssociation7/
Inter-nationalKonetaryFund 2/
Other 8/
Totalnoncashdebttransactionsrelating to
payments
Accruedintereston thepublicdebt 2/
Checksoutstandingandcertainotheraccounts 10/
Totalpaymentsadjust-ments
195719581959I960196119621963....-
196419651966 p
1967 (Est.)
1965-JulyAugustSeptember. .
.
OctoberNovember. . .
.
December. . .
.
1966-JanuaryFebruary, . .
.
MarchAprilMayJune p
July
709,751,980
,975
,945,776,281
,190
,303
,451
,500
233314328238
358602
25368
166
224
254
1,413
416
336385383136
430496577611
571
571
7524
59
443876
6666-1
21
3768
96
52
-131418205
-209
145119268
144225
448 11/
-3
48
85
7431
56
39-14
11
29-96
66
11
-39
-40
-17
5570
25
-18
75
-10
-4
-5
58
53
14
13-4
-74
-43
-20
-18
-18
-18
-19
-674-4501,361
259258171
255117
-472-133
-5
-28
-5-19
-12-10-16-25
-13
-5
-292-200
2,160597
536923
1,0331,099
250531
289
50
4612575107
8474
-50»
66-45
65
39
9376
132618
186
38110-47
605-812
537
4U-456
87
603-801
548437-533-679
644
-557576
-105-281
279548-64
910-913-821
-108
-925-461
593-97
-477146
-316172438
-29079317
-146
1,8993,2225,1113,4234,7665,2665,4366,2373,749^,114
5,681
-37-960
1,504679
-500
942
624-486
1,103372
-1341,006
978
1/ Beginning vdth fiscal 1958 excludes District of Columbia.
2/ Includes mainly, general fund advances to trust funds (net), dividendsand interest paid to the Treasury by trust enterprise funds, adjninis- 6/trative expenses of the Federal Old-Age and Survivors, FederalDisability, and Federal Hospital insurance trust funds, the Federal 7/contribution to the Civil Service Retirement Fund and the Federalpayments for military service credits.
2/ Includes increment resulting from reduction in the weight of the gold 8/dollar; excluded from receipts from the public but included in cash 2/deposits in the Treasxirer's account, 10/
4/ Beginning fiscal 1961 includes temporary extended unemployment compen-sation payments. 11/^ Accrued interest on the bonds, i,e, the difference between the purchase •
price and the current redemption value less interest paid on bondsredeemed
.
Discount on securities at time of issuance less interest paid at timeredeemed
.
Treated as noncash expenditures at the time of issuance of the securitiesand as cash expenditures at the time of their redemption; net issuance,or redemptions (-)
.
Includes adjusted service and armed forces leave bonds (see footnote 7)
,
Net increase, or decrease (-), in accrued liability.Net increase, or decrease (-) , in checks outstanding, deposits in transit,
and other accounts.Not shown separately in the Budget document, I
Less than $500,000. p Preliminary, I J
August 1966 23
CONSOLIDATED CASH TRANSACTIONS
Table 3. Federal Receipts from and Payments to the Public
Seasonally Adjusted and Unadjusted
(in millions of dollars)
Calendar quarterReceipts from the Public
Adjusted Unadjusted
Payments to the Public
Adjusted Unadjusted
Excess of Receiptsor Payments (-)
Adjusted Unadjusted
1957 - 1st
2nd3rd4th
1958 - 1st
2nd3rd4th
1959 - 1st,
2nd,
3rd,
4th,
1960 - 1st,
2nd.
3ra.
4th.
1961 - 1st,
2nd.
3rd.
4th.
1962 - 1st.
2nd.
3rd.
4th.
1963 - 1st.
2nd.
3rd.4th.
1964 - 1st.
2nd.3rd.
4th.
1965 - 1st.
2nd.
3ra.
4th.
1966 - 1st.
2nd.
20,82021,40321,17220,616
20,50920,08820,29920,444
20,22220,92323,27323,474
23,66724,70125,03424,665
23,22724,61424,78825,298
24,97126,65227,43427,262
27,06927,91128,69929,113
29,25128,582 1/28,40128,847
29,72432,646 1/30,64630,685
33,68439,567 1/
24,61724,84618,65316,404
23,61823,21918,27416,618
22,62824,Ul21,36419,420
25,77628,51923,35220,640
24,75828,49123,38121,289
26,21430,98126,02922,982
28,17832,55127,30424,543
30,32133,36227,03524,312
30,66937,68329,17525,849
33,29546,063
20,79220,94720,91920,663
20,65221,29623,44123,412
24,02423,96224,00523, 5U
23,23323,63523,68224,105
24,80227,02526,11726,628
27,54027,49827,79528,954
28,20928,84730,12729,881
30,59729,81530,03929,828
30,16532,39532,10433,098
36,908
35,758
19,8U21,57421,09920,909
19,62621,84023,73423,750
22,76424,50324,37523,917
21,95824,07924,15624,540
23,40227,44426,71527,173
25,92327,85128,50229,599
26,51929,13030,95230,619
28,70630,05430,91330,599
28,27032,6U33,08533,951
34,583
35,973
28
456253-47
-U3-1,208-3,142-2,968
-3,802-3,039
-732-40
4341,0661,352
560
-1,575-2,411-1,329-1,330
-2,569-846-361
-1,692
-1,U0-936
-1,428-768
-1,346-1,233-1,638
-981
-441251
-1,458-2,413
-3,2243,899
4,8033,272-2,446-4,505
3,9921,379
-5,460-7,132
-136-362
-3,011-4,497
3,818
4,U0-8O4
-3,900
1,3561,047-3,334-5,884
2913,130-2,473-6,617
1,6573,420
-3,648-6,077
1,6153,309-3,877-6,287
2,3985,069
-3,910-8,101
-1,288
10,089
Source: Adjusted data from Bxireau of the Budget; unadjusted datafrom Treasury Department.
1/ Includes accelerated corporate tax payments of about $300 millionin 1964, 1900 million in 1965, and $2,800 million in 1966. Also,
the 2nd quarter of 1966 includes about $300 million for theinitiation of graduated withholding of personal income taxes and$1,400 million because of a change in the schedule for depositingwithheld and OASI taxes.
24 Treasury Bulletin
.ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States re-
flects not only budget receipts and expenditures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury is held mainly in
Treasurer's accounts with Federal Reserve banks and branches.
As the balances in these accounts become depleted, they are
restored by calling in (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
the country.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all
banks whereby customers of banks deposit with them tax pay-
ments and funds for the purchase of Government securities.
In most oases the transaction involves merely the transfer of
the same bank. On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit in these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
The tax and loan account system permits the Treasury to
leave funds in banks and in the communities in which they arise
until such time as the Treasury needs the funds for its opera-
tions. In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
economy.
A detailed description of the Treasury's depositary system
may be found in the Annual Report of the Secretary of the
Treasury for 1955, pages 275-28^.
money from a customer's account to the tax and loan account in
Table 1. - Status of the Account of the Treasurer of the United States
(In millions of dollars)
End offiscal yearor month
19571958
1959I960196119621963
196419651966
1%5-JulyAugust. .
.
SeptemberOctober.
.
November
,
December
.
1966-Jamiary .
.
February
.
March. . .
.
AprilMayJune
July
Treasury operating balance
Availablefunds in
FederalReserveBanks
498410535504408612806
939672766
947916
1,002
1,053719708
823805521512
902766
1,232
Tax and loanaccounts in
specialdepositaries
4,0828,218
3,7U6,458
5,4538,815
10,3249,18010,68910,050
6,3335,5486,3943,5344,872
4,577
3,3604,3994,4444,4916,003
10,050
5,147
GoldbalanceinTreasury
489401101106
109121120
120
108102
111
104
107
110
103107
105105108
105102102
102
Totaloperatingbalance
5,0699,0304,3807,068
5,969
9,54811,25110,23811,46910,917
7,3906,5697,5034,6975,6935,392
4,2885,3095,0745,1077,00710,917
6,481
Sliverbalance,coinagemetal,coin, andcurrency
190
259306253
179
147136
145
534775
559561
551
553538
558
586586
570
572612
775
772
Unclassifiedcollections,etc.
37
4963
58
6470
74 2/58
55
93
7962
51
57
73
129
89
87
15834
64
93
102
In FederalReserveBanks in
process of
collection
302287
273337
222
303
342234233370
189
145220188182247
234216217
647182
370
230
In otherdepositaries
440365429375
335Ul313360
320
252
268
291312291274257
310281236
347212
252
209
Totalassets
6,0379,9905,4518,092
6,76910,50912,11611,03612,610
12,407
8,4867,6278,6375,7866,7596,582
5,5066,4796,2556,7088,077
12,407
7,794
Liabilities1/
U7240100 2/87
75
79
Balance in
account ofTreasurerof UnitedStates
5,590
9,7495,350 g/
8,005
6,69410,43012,11611,03612,610
12,407
8,4867,6278,6375,7866,7596,582
5,5066,4796,2556,7088,077
12,407
7,794
Source: Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through 2/
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and becamedemand obligations of the Treasury. Balances of these funds, there-fore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc." 2/shown under assets. Treasurer's checks outstanding are included
through June 1958, after which they are included in the balance in
the Treasurer's account. (See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
August 1966
. ACCOUNT OF THE TREASURER OF THE UNITED STATES
25
Table 2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Fiscal yearor month
Credits
Proceeds from sales of securities 1/
Savingsbonds
Retire-mentplanbonds 2/
Taxantici-pationsecurities
Hitheldandexcise 2/
Income (byspecialarrange-ment) ^
Totalcredits
With-drawals
Balance
End ofperiod
During period
High Average
195719581959
I9601961
1962
1963
196/i
19651966
1965^ulyAugust. . .
.
September
.
October. .
.
November.
.
December. .
1966-January. .
.
February ,
,
MarchAprilMay
June
July
2,9762,82A2,6682,6792,7872,7252,6992,760
2,6352,70i
229210
193196200211
261218265
246242232
242
5,0432,9227,5817,7847,6135,8982,963
2,3407,368
3,9312,452
985
6,56813,51313,1647,9201,7883,7743,830
2,0U
1,627
1,627
26,70927,88129,19033,05934,51137,51941,26743,58042,47548,478
1,4625,5424,1201,1344,9404,024
1,4475,721
5,1331,2566,540
7,158
4,470
4,1527,9035,9196,0539,1426,5216,8359,92112,59814,522
74
4,22376
1,924
53
2,1932,612
743
2,626
128
45,U855,04458,52057,49655,84256,43857,59558,27760,05074,699
1,7645,7528,5365,3377,5926,159
4,3745,9397,5914,1147,526
10,016
4,840
46,00050,90862,99454,78256,84753,07656,08559,42158,54075,338
6,1206,5377,6908,1986,2536,453
5,5914,9007,5464,0676,013
5,969
9,743
4,0828,2183,7446,4585,4538,81510,3249,18010,68910,050
6,3335,5486,3943,5344,8724,577
3,360
4,3994,4U4,4916,00310,050
5,147
6,0788,8698,0556,4587,6538,889
10,32410,25710,87211,274
11,2746,5216,9486,0015,1865,124
4,5814,8565,1014,4916,715
10,050
9,979
813
1,078912
1,3901,161
1,531
2,5351,5771,8U447
6,U55,1971,8062,5331,4271,253
1,3742,3821,002447
4,3471,700
5,147
2,9873,2463,6384,1034,1514,4575,3254,7475,431
4,324
8,1045,9624,3494,4312,8813,401
3,1203,6303,2522,2695,677
4,812
6,917
Source: Office of Fiscal Assistant Secretary; figures are on basis oftelegraphic reports.Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securitiespurchased by them for their own account, or for the account of theircustomers who enter subscriptions through them, when this method ofpayment is permitted under the terms of the circulars inviting sub-scriptions to the issues.Retirement plan bonds first offered for sale as of January 1, 1963.Taxes eligible for credit consist of those deposited by taxpayers inthe depositary banks, as follows: Withheld income tax beginning
1/
s/2/
March 194.8; taxes on employers and employees under the Federal Insur-ance Contributions Act beginning January 1950, and under the RailroadRetirement Tax Act beginning July 1951; and a number of excise taxesbeginning July 1953.
4/ Under a special procedure begun in March 1951» authorization may begiven for income tax payments, or a portion of them, made by checksof $10,000 or more drawn on a special depositary bank, to be creditedto the tax and loan account in that bank. This procedure is followedduring some of the periods of heavy tax payments.
» Less than $500,000.
26Treasury Bulletin
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3. - Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
August 1966 27
MONETARY STATISTICS
,
Table 1. - Money in Circulation
(In millions of dollars except per capita figures
End offiscal yearor month
Currencies no longer issued
FederalReservebanknotes
Nationalb.nknotes
Goldcertifi-cates 2/
Silvercertifi-cates
FederalReservenotes 2/
Treasurynotes of
1890
Currencies presentlybeing issued l/
UnitedStatesnotes
FederalReservenotes ^
Totalcurrencies
1957
19581959I9601961
19621963196419651966
1964-December.
,
1965-June ,
JulyAugust. . .
.
September,October,
.
November.
,
December.
1966-January .
.
February
.
March. ...
April. ...
MayJune
1331201101009285787368bi,
70
68
6867
67
676666
666665
6565
64
62
59
57
56
5i
5337
3622
21
23
2222
2222
22
22
22
2222
222221
33
32
3130
30
2920
19
13
4
13
13
13
13
13
13
13
13
13
13
13
13
13
4
2,1622,200
2,1552,1272,0942,0091,8471,723
829582
1,232
829
786753722698681651
629619609
597
591582
38
37
37
37
36361818
41
321
317316318318318319321302303
299
302
299302302301
305299
291294296298302303
26,29126,30426,99227,05727,31628,58630,27432,33834,82037,315
34,573
34,820
29,04029,07129,69929,72629,94331,11732,59234,52936,05838,290
36,2U
36,058
35,016
28 Treasury Bulletin
DEBT OUTSTANDING
Table 1. - Summary of Federal Securities
(In millions of dollars)
End offiscal yearor month
Total outstanding
Total 1/Publicdebt 2/
Guaran-teedsecuri-ties
Interest-bearing debt
TotalPublicdebt
Guaran-teedsecuri-ties
Matured debt and debt bearing no interest
Total
Public debt
Total Matured
Special notes to
Inter-nationalMonetaryFund
Inter-nationalDevelopmentAssociation
Inter-AmericanDevelop-ment Bank
Other
Guaran-teedsecuri-ties 2/(matured)
1957195819591960196119621963196419651966
1965-JulyAugust ....
September
.
October. . .
November .
.
December.
.
1966-January . .
.
February .
,
MarchAprilMayJune
270276284286289
298306312317320
634
,U4,817
,471,211
,645,466526
,864,369
317,056318,742317,270319,394322,176321,359
322,419323,746321,454320,051322,825320,369
July 319,768
270,527276,343284,706286,331288,971298,201305,860311,713317,274319,907
316,582318,240316,748318,901321,711320,904
322,003323,311320,999319,583322,359319,907
319,280
107
101
111140240
444607813
590462
474502522
493465455
416435456468466462
489
268,592274,798281,944283,380285,911294,886302,559308,169313,702315,892
312,667314,396312,879315,047317,819316,968
318,012319,354317,036315,686318,392315,892
315,368
268,486274,698281,833283,241285,672294,442301,954307,357313,113
315,431
312,197313,896312,3593U,557317,357316,515
317,599318,921316,582315,219317,927315,431
314,88c
106101110
139
240
444605812
589
460
470
499519
490462
453
413433454467464460
488
2,0421,6462,8733,0903,3003,759"3,907
4,3574,1634,477
4,3884,3464,3914,3474,3574,391
4,4074,3924,4184,3664,4334,477
4,401
2,0421,6462,8733,0903,2993,7593,9064,3564,1614,476
4,3844,3U4,3884,3454,3554,389
4,4044,3914,4174,3644,4324,476
4,400
529597476445349438310295292308
240227
234195244278
230246
245197233308
202
1,068618
1,9792,2382,4962,6672,9223,2893,1673,614
3,4623,4343,4943,4893,4703,470
3,5583,5483,5923,5973,6273,614
3,680
58
115129
14213864
138
138118118100100
8282
64
6464
64
45
55
125
150150132
150150150150150150
U2142142136136
132
126
444430417407396484420480414359
394394393393391
391
392372373
371373
359
347
Source: Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitation. For amounts J/subject to limitation, see page 1. 4/
2/ Includes debt incurred for advances to certain wholly owned Governmentagencies in exchange for which their securities were issued to the ^
Treasury (see Table 6)
,
Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginningJuly 1959 D. C. Armory Board stadium bonds.For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2. - Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
End offiscal yearor month
Total interest-bearing securities
Amountoutstanding
Public debtand guaran-teed securi-ties 1/
Publicdebt
Computed annualinterest charge
Public debtand guaran-teed securi-
ties 1/
Publicdebt
Computed annual interest rate
Totalinterest-bearingsecuri-ties
Public debt
Totalpublicdebt
Marketable issues
Total2/
Bills
1/Certifi-cates
Treasurybonds
Non-market-
ableissues 4'''
Specialissues
Guar-anteedsecuri-ties
1/
19571958
19591960
196119621963196419651966
1965-JulyAugust ....
September.October, .
.
November .
.
Decenber.
.
'1966-January. .
.
February .
.
MarchApril,MayJune
July.
268,592274,798281,9U283,380285,911294,886302,559308, It^
313,702315,892
312,667
3U,396312,879315,047317,819316,968
318,012
319,354317,036315,686318,392315,892
315,368
268,486274,698281,833283,241285,672294,442301,954307,357313,113315,431
312,197313,896312,359
3U,557317,357316.515
317.599318,921316,582315,219317,927315,431
314,880
7,3287,2488,0699,3208,769
9,53410,14110,93111,48812,533
11,UO11,53011,48711,60711,79611,846
11,99812,26512,42912,30612,56412,533
12,537
7,3257,2458,0669,3168,7619,51910,11910,90011,46712,516
11,42311,51211,46811,59011,77911,830
11,98312,24912,41212,28912,54712,516
12,520
2.7302.6382.8673.2973.0723.2403.3613.5613.6783.988
3.6753.6833.6883.7023.7303.756
3.7923.860
3.9403.9183.9673.988
3.996
2.7302.6382.8673.2973.0723.2393.3603.5603.6783.988
3.6753.6833.6883.7023.7303.756
3.7933.861
3.9413.9193.9673.988
3.996
2.7072.5462.891
3.4493.0633.2853.4253.6593.8004.134
3.7953.8003.8073.8213.8573.890
3.9344,0264.0594.0714.1304.134
4.U5
3.1971.0333.3163.8152.5842.9263.0813.7294.0644.845
4.0474.0474.0744.0974.1544.273
4.3954.5224.6714.7104.7804.845
4.889
3.3453.3302.3424.7213.0733.3773.283
4.851
4.8514.8514.8514.8514.8514.851
4.850
2.5042.8063.3044.0583.7043.6803.9213.8543.8424.321
3.8423.8483.8483.860
3.9343.933
3.9324.1624.1584.1644.3214.321
4.321
2.4822.5762.6192.6392.8293.1223.3443.4713.6423.655
3.6423.6523.6523.6523.6523.653
3.6533.6543.6543.6553.6543.655
3.655
2.8532.8922.9253.2193.3303.3643.4123.4623.4933.713
3.4913.5063.5103.5193.5233.530
3.5343.5373.8623.7083.713
3.713
3.717
2.6352.6302.6942.7722.8032.8913.0033.2383.3723.693
3.3673.3983.3823.3833.3973.412
3.4293.4723.4883.4553.5523.693
3.690
2.6112.6222.6282.681
3.1A43.5003.6583.7823.6603.632
3.5803.6153.6403.6203.6033.593
3.5553.5733.5983.6253.6313.632
3.673
interest charge for the total, or for any group of issues, by the
corresponding principal amount. Beginning with data for December 31,
1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
1/ Guaranteed securities included are those held outside the Treasury.
2/ Total includes "Other bonds" through 1960; see Table 3.
2/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
4/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
Source: On the basis of the daily Treasury statement.Note: The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstand-ing at the end of each month or year should remain outstanding for ayear at the applicable annual rate of interest. The charge is com-puted for each issue by applying the appropriate annual Interest rateto the amount outstanding on that date ( the amount actually borrowedin the case of securities sold at a premium or discount, beginningwith May i960). The aggregate charge for all interest-bearing issuesconstitutes the total computed annual interest charge. The averageannual interest rate is computed by dividing the computed annual
August 1966 29
DEBT OUTSTANDING
Table 3. - Interest-Bearing Public Debt
(in millions of dollars)
End offiscal yearor month
Totalinterest-bearingpublicdebt
TotalpublicIssues
Public issues
Marketable
Total BillsCertif-icates
Treasurybonds 1/
Nonmarketable
Total savingsbonds
Treasurybonds,invest-mentseries
Depos-itarybonds
Foreignseriessecuri-ties 2/
Foreigncurrencyseriessecuri-ties 2/
Other
4/
SpecialIssues
19571958
1959196019611962
1963
196i19651966
1965-JulyAugust. . .
.
September.October. .
.
November.
.
December.
.
1%6-January. ..
February.
.
MarchAprilMayJune
July
268,486274,693281,833283,241285,672
294,4A2301,954307,357313,113
315,431
312,197313,896312,359314,557317,357316,515
317, 599318,921316,582
315,219317,927315,431
314,880
221,658228,452237,078238,342240,629249,503257,153260,729264,463264,311
264,408264,116264,290267,600270,304270,260
273,243273,139270,623
270,298269,122264,311
264,184
155,705166,675
178,027183,845187,148196,072203,508206,489208,695
209,127
208,664208,402208,381212,097214,619214,604
217,656217,690215,150
215„004213,764209,127
209,108
23,42022,406
32,01733,41536,72342,03647,23050,74053,665
54,929
53,66253,65753,65557,66060,17260,177
61,58962,00259,481
59,47759,45454,929
54,931
20,47332,920
33,84317,65013,33813,54722,169
1,652
1,6521,6521,652
1,6521,6521,652
1,652
30,97320,416
27,3U51,48356,25765,46452, U567,28452,549
50,649
52,54950,43550,44450,17550,21550,227
50,24450,88150,891
50,79350,64750,649
50,650
80,83990,932
84,85381,29780,83075,02581,96488,464102,481
101,897
102,452104,310104,282104,262104,232104,201
104,171103,155103,126
103,083102,011101,897
101,874
65,95361,777
59,05054,49753,48153,43153,64554,24055,768
55,183
55,7U55,71455,90955,50355,68555,655
55,58755,44955,473
55,29355,35855,183
55,075
54,62251,984
50,50347, 5U47, 5U47,607
48,3H49,29950,043
50,537
50,11950,15550,180
50,25950,32050,324
50,31950,33550,38350,42050,48350,537
50,606
11,1359,621
8,3656,7835,8304,7273,9213,5463,256
2,692
3,2553,2523,2432,8162,8092,797
2,7802,7742,7572,7042,6942,692
2,691
196171
183170117138
103103
59
44
51
4948494949
47
47
47474544
44
860
648392
1,132
817
919864
1,0U1,0341,1641,144
1,099
9991,039949992817
747
75
630832
1,137
957
1,2591,2591,2591,2081,2081,208
1,207
1,1571,1071,0311,007957
884
1925
2968
Ul137
141136136136136134
135
136
140
143137137
104
46,827
46,24644,756
U,89945,043U,93944,80146,62748,650
51,120
47,78949,78048,0^46,95747,052.
46,255
44,356
45,781
45,959U,92148,80551,120
50,696
Source: Daily Treasury statement. ^1/ Includes $50 million of Panajna Canal bonds for fiscal years 1957-60.2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to ^foreign governments for U. S. dollars-
Consists of the dollar equivalent of Treasury certificates ofindebtedness and from October 1962 Treasury bonds issued andpayable in designated foreign currencies.Includes Treasury bonds. Rural Electrification Administration seriesbeginning July I960; retirement plan bonds beginning January 1963;Treasury certificates; and Treasury bonds.
Table 4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt J/
(In million of dollars)
End offiscal yearor month
19571958
19591960
19611962
1963
196419651966
1965-JulyAugust, . .
.
September,October, ,
,
November ,
.
December.
.
1966-January. .
.
February,
.
MarchAprilMayJune
July.
Amount
Outstanding
155,705166,675178,027133,845187,148196,072203,508206,489208,695209,127
208,664208,402208,381212,097
2U,619214,604
217,656
217,690215,150215,004213,764209,127
209,108
Within1 year
71,95267,78272,95870,46781,12088,44285,29481,42487,63789,136
87,635
92,U692,4U96,49193,39293,396
96,46194,22691,70491,82092,23189,136
89,138
Maturity classes
1 - 5
years
40,66942,55758,30472,84458,40057,04158,02665,45356,19860,933
56,19255,26655,26454,95260,59360,602
60,608
62,89364,30664,07662,45360,933
60,932
5 - 10
years
12,32821,47617,05220,24626,43526,04937,38534,92939,16933,596
39,16635,03235,02735,02435,02135,013
35,01335,00833,60733,60333,60033,596
33,592
10 - 20years
26,40727,65221,62512,63010,2339,3198,3608,3558,U98,439
8,4488,4488,4478,4468,4468,445
8,4448,4438,4y8,4418,4408,439
8,439
20 yearsand over
4,3*97,2088,0887,65810,96015,221
14,44416,32817,24117,023
17,22217,21017,19917,18417,16717,148
17,13117,12017,09217,06517,04017,023
17,007
Average length
4 yrs.
5 yrs.
4 yrs,
4 yrs.
4 yrs.
4 yrs,
5 yrs,
5 yrs,
5 yrs,
4 yrs.
yrs.
yrs,yrs.yrs,yrs.yrs.
4 yrs,
4 yrs,
4 yrs.
4 yrs,
4 yrs,
4 yrs.
4 yrs.
9 mos.
3 mos,
7 mos.4 mos,6 mos.
11 mos.1 mo,
mo,
4 mos.11 mos,
3 mas.
3 mos,
3 mos,
1 mos.mos,mos.
10 mos,
11 mos,11 DOS,10 mos,11 mos*11 mos,
10 mos.
Source: Office of Debt Analysis in the Office of the Secretary,
1/ All issues are classified to final maturity except partially tajt-exempt
bonds which have been classified to earliest call date. The last of thesebonds were called on August 14, 1962, for redemption on December 15, 1962.
30 Treasury Bulletin
DKBT OUTSTANDING
Table 5. - Special Public Debt Issues to United States Government Investment Accounts
August 1966 31
, DEBT OUTSTANDING,
Table 6. - Treasury Holdings of Securities Issued by GovernmentCorporations and Other Agencies
(In millions of dollars)
End offiscal yearor month
Total
AgencyforInter-nationalDevelop-ment 1/
Agriculture Department
CommodityCreditCorop-ration
RuralElectri-ficationAdminis-tration
Secretary:Farmers
'
HomeAdminis-trationprograms
2/
Export
-
ImportBank ofWash-ington
2/
Secretary
Housing and UrbanDevelopment Department
FederalNationalMortgageAssoci-ation ^
Other
6/
SaintLavrenceSeawayDevelop-mentCorpo-ration
Tenn-esseeValleyAuthor-Ity
Veterans'Adminis-tration:Directloanprogram
UnderDefenseProduc-tionAct
of 1950
7/
other
8/
1957
1958
19591960
1961
1962
1963
196i19651966
1965^ulyAugust. ..
SeptemberOctober.
.
November.
December.
1966-Januar7.
.
February.March ....
April. . .
.
MayJune
July
22,73121,85925,34325,63626,01128,63429,166
29,2a28,35426,964
25,69726,61227,25427,75227,02327,458
27,51827,30227,61427,34027,45426,964
24,710
1,1981,1881,1641,1381,1071,062
807
735712689
712712712712712701
701701701701701689
688
13,38311,52812,87412,70411,53412,99013,59913,99013,111
11,768
10,80311,53211,94712,3U11,086
11,494
11,74011,82611,96211,63611,751
11,768
8,984
2,5192,7282,9233,1553,3323,4843,6573,8284,0754,234
4,0754,1704,1704,1704,2904,203
4,2034,2034,3134,3134,3134,234
4,234
265256323369456854
1,0271,1701,2351,436
1,2371,2561,2651,3821,3991,404
1,4351,4591,4841,4901,4941,436
1,445
1,2051,5281,9371,6361,6981,8301,476830513178
336367365416687700
676
334346470547178
225
282476730977
1,2131,5672,0052,3022,7533,133
2,8032,8382,9562,9563,0062,989
3,0152,8612,8862,9403,0253,133
3,228
1,7411,5022,3512,3383,2023,1672,7162,3931,8991,466
1,6681,6721,7681,7391,7781,902
1,6651,8381,3641,7321,5641,466
1,894
41
35272932
32
25
10
10
10
10
10
10
10
10
4897112118121121123123
124125
124124124124124124
124124125
125125125
125
50
85
95100
95
95100
100
100100
100100
100
100100100
100
733780930
1,1801,3301,5301,7301,7301,7301,730
1,7301,7301,7301,7301,7301,73Q
1,7301,7301,7301,7301,7301,730
1,730
1,2941,7231,9501,9701,9641,9761,9232,0192,0562,023
2,0632,0632,063
2,0532,0532,053
2,0532,0482,0232,0232,0232,023
1,975
2118
22212222
29
35
5172
51
53
5456
55
58
6668
6970
7172
Source: Daily Treasury statement. ^/Note: These securities were issued to the Treasury in exchange for ad-
vances by the Treasury from public debt receipts under congressionalauthorization for specified government corporations and other agenciesto borrow from the Treasury. Further detail may be found in the 1965Annual Report of the Secretary of the Treasury, pages 787-90, and the 6/1965 Combined Statement of Receipts, Expenditures and Balances of theUnited States Government, pages 531-533. 2/
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notespreviously issued by the Administrator in connection with informationalmedia guaranties. The obligation for these notes was assumed by theDirector of the United States Information Agency, pursuant to the actapproved July 18, 1956 (22 U.S.C. 1442), and the notes together with 8/others issued for the same purpose are included in "Other."
2/ Farm housing end other loan programs, and Agricultural Credit InsuranceFund (formerly Farm Tenant Mortgage Insurance Fund)
.
2/ Includes securities transferred from the Reconstruction Finance Corpo-
ration, but excludes securities issued under the Defense ProductionAct.
4/ Consists of notes issued to borrow for: The urban renewal program(formerly slum clearance program); college housing loans; and publicfacility loans.
Consists of liabilities taken over by the Association from theSecretary in accordance with the act approved August 2, 1954, andnotes Issued by the Association under authority of that act (12 U.S.C.1719 (c), 1720 (d), and 1721 (d))and also securities transferredfrom the Reconstruction Finance Corporation.Public Housing Administration 1957-1963; Federal Housing Administra-tion beginning January 1966.Consists of notes of: The Administrator, General Services Administra-tion, for defense materials procurement; the Secretary of Agriculture;the Secretary of Interior (Defense Minerals Exploration Adminis-tration) ; the Export-Import Bank of Washington through March 1962;and the Secretary of the Treasury.Consists of notes issued by the: Secretary of the Treasury; SmallBusiness Administration, fiscal year 1957; United States InformationAgency for informational media guaranties (see footnote 1); Secretaryof Commerce (Maritime Administration) for the Federal Ship MortgageInsurance Fund, fiscal years 1959-61 and 1963-65, beginning March 1963;Virgin Islands Corporation beginning fiscal 1960; District of ColumbiaCommissioners for the Stadium Sinking Fund beginning June 1962; andSecretary of the Interior (Bureau of Mines) for development andoperation of helium properties beginning May 1964, and (Bureau ofCommercial Fisheries) for Federal Ship Mortgage Insurance Fundbeginning January 1966.
32Treasury Bulletin
. DEBT OUTSTANDING
Table 7. - Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(in millions of dollars)
End offiscal yearor month
TotalBanks for
cooperatives
Federalhome loanbanks \/
FederalIntermediatecredit banks
Federal landbanks 2/
Federal NationalMortgage Association
Managementand liquidat-ing issues
All otherissues
TennesseeValleyAuthority
195719581959196019611962
1963196419651966
1965-JulyAugust. .
.
SeptemberOctober.
.
November.December.
1966- January.
.
February.
March. . .
.
April. . .
.
MayJune
July
5,0135,^236,7088,4077,7659,33210,19211,86513,46017,666r
13,59114,03513,96514,021
U,22314,086
14,49414,72315,055
15,77316,84317,666r
17,928
179
199284330382430
459498686844
686710708
7U787796
796
819
819858
8348U844
738
456992
1,2591,0551,7972,7704,201
4,7576,309
4,8075,0575,0465,0215,2215,221
5,068
5,0505,0605,4355,8956,309
6,594
9241,1591,4561,6001,723
1,8552,1332,3152,4622,853
2,5462,6272,6032,5012,3862,235
2,342
2,4042,4702,6022,7442,853
2,935
1,5521,6461,8882,1372,3572,5502,7252,9733,5324,105
3,5323,6123,6123,6713,6713,710
3,710
3,8133,8133,8133,980
4,105
4,212
570
797797797
1,0501,1651,2902,2842,1982,5561,9601,6981,7973,269
1,7951,8041,7561,8451,9181,884
2,338
2,3972,6482,8203,1443,269
3,058
50
145
145180
225235r
225225240240240240
240
240245245245285r
285
Source: Office of Debt Analysis and agency reports.Note: The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
2/ The proprietary interest of the United States in these banks ended inJune 1947. Excludes securities which are issued for use as collateralfor coimnercial bank borrowing and not as a part of public offerings.Includes small amounts owned by Federal land banks. r Revised.
August 1966 33
.STATOTORT DEBT LIMnATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended $285 billion outstanding at any one time. A tenporary increase
by an act approved June 30, 1959, provides that the face amount to $330 billion has been authorized through June 30, 1967
of securities issued under authority of that act, and the face (act of June 2^., 1966).
amount of securities guaranteed as to principal and interest For a legislative history of the public debt limitation,
by the United States (except guaranteed securities held by the see the Annual Report of the Secretary of the Treasury.
Secretary of the Treasury) shall not exceed in the aggregate
Table 1. - Status Under Limitation July 31, 1966
(In millions of dollars)
Maximum amount of debt which may be outstanding at any one time under limitation imposed by the actof June 30, 1959 (31 U.S.C. 757b), as incresed temporarily by the act of June 2A, 1966 330,000
Amount outstanding subject to statutory debt limitation:U.S. Government securities issued under the Second Liberty Bond Act, as amended 319,013Guaranteed debt of U.S. Government agencies ^89
Total amount outstanding subject to statutory debt limitation 319,502
Balance issuable under limitation 10 498
Table 2. Application of Limitation to Public Debt and Guaranteed DebtOutstanding July 31, 1966
( In millions of dollars)
ClassificationSubject to statutorydebt limitation
Not subject to statutorydebt limitation
Totaloutstanding
Public debt :
Interest-bearing debtsPublic issues—marketable:
Treasury billsCertificates of indebtednessTreasury notesTreasury bonds
Total public issues—marketable
Public issues—nonmarketable:Certificates of indebtedness:
Foreign seriesForeign currency series
Treasury notes, Foreign seriesTreasury bonds:Foreign seriesForeign currency series
Treasury certificatesTreasury bondsU.S. savings bondsU.S. retirement plan bondsDepositary bondsTreasury bonds, R.E.A. seriesTreasury bonds, investment series
Total public issues—nonmarketable
Special issues to Government agencies and trust funds
Total interest-bearing debt
Matured debt on which interest has ceasedDebt bearing no interest:
Special notes of the United States:International Monetary Fund SeriesInternational Development Association SeriesInter-American Development Bank Series
Special bonds of the United States:U.N. Special Fund Series
U . S. savings stampsExcess profits tax refund bondsU.S. notes (less gold reserve)Deposits for retirement of national bank and Federal Reserve bank notes.Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed debt of U.S. Government agencies:Interest-bearing debtMatured debt on which interest has ceased
Total guaranteed debt of U.S. Government agencies
Total public debt and guaranteed debt
Source: Daily Treasury statement.
54,9311,65250,650
101,874
209,108
235393338
17449060
450,606
16
U24
2,691
55,075
50,696
314,880
199
3,68045127
28
551
3,934
319,013
4881
4,?Q
319,502
1668611
264
266
266
54,9311,65250,650
101,874
209,108
235
393338
17449060
450,606
16
4424
2,691
55,075
50,696
314,880
202
3,68045
127
28
551
16686
11
4,198
319,280
4881
489
319,768
34 Treasury Bulletin]
PUBLIC DEBT OPERATIONS
Table 1. - Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1966
Other than Regular Weekly and Annual Treasury Bills
August 1966 35
PUBLIC DEBT OPERATIONS.
Table 1. - Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1966
Other than Regular Weekly and Annual Treasury Bills - (Continued)
(In millions of dollars)
Year
and
monthof final
maturity
1/
Description
Amount of maturities
Held by
U.S. Govt.investmentaccounts andFederal Re-serve Banks
Allotherinvestors
Yearandmonthof finalmaturity
1/
Description
Amount of maturities
Total
Held by -
U.S. Govt,
investmentaccounts andFederal Re-serve Banks
1970
Feb...
Apr ....
Aug
Oct.
Nov...
Bond
2-1/2% Bond
1-1/2% Note
1% Bond
1-1/2% Note
5% Note
Total.
1971Mar...
Apr . . .
.
Aug
Nov. . .
.
2-1/2% Bond
1-1/2% Note
i% Bond
3-7/8% Bond
Total.
1972Feb
June. .
.
Aug
Sept.
Dec...
i% Bond
S Bond
Total.
2/15/70
3/15/65-70
i/l/70-EA
8/15/70
lO/l/70-EO
1V15/70-A
4,381
2,313
4,129
113
7,675
18,700
3/15/66-71
W71-EA
8/15/71
11/15/71
1,397
15
2,806
2,760
6,978
2/15/72
2-1/2% Bond - 6/15/67-72
8/15/72
2-1/2% Bond - 9/15/67-72
2-1/2% Bond - 12/15/67-72
2,3W
1,270
2,579
1,952
2,666
10,810
429
406
1,383
2,907
372
596
406
1,374
247
124
493
80
220
1,163
3,952
1,625
1973Aug. .
.
4% Bond
4-1/8% Bond
8/15/73
11/15/73
Total
.
3,894
4,356
3,250
3,723
113
6,292
15,793
1974Feb. .
.
36 Treasury Bulletin
PUBLIC DEBT OPERATIONS ,
Table 2. - Offerings of Treasury Bills
(Amounts in millions of dollars)
Issue date
Description of new issue
Maturitydate
Number ofdays to
maturity 1/
Amount ofbidstendered
Amount of bids accepted
Totalamount
On competi-tive basis
On noncompeti-tive basis 2/
In
exchange
Amountmaturing onissue dateof newoffering
Total ofunmaturedissues out-standing afternew issues
Regular weekly bills;
1966-Apr. 7
Apr. U
Apr. 21
Apr. 28
May 5
May 12
May 19
May 26
June 2
June 9
June 16
June 23
June 30
July 7
July 14
July 21
July 28
Tax anticipation bills;
1965-Oct. 11
VOne-year bills:1965-Apr. 30...
May 28June 30
July 31Aug. 31Sept. 30Oct. 31Nov. 30 ,
Dec. 31 ,
1966-Jan. 31 ,
Feb. 28Mar. 31 ,
Apr. 30 ,
May 31June 30July 31
1966-JulyOct.
August 1966 yj
PUBLIC DEBT OPERATIONS
Table 2. - Offerings of Treasury Bills - (Continued)
Issue date
Regular weekly bills:
1966-Apr
.
7
Apr. U
Apr. 21
Apr. 28
May 5
May 12
May 19
May 26
June 2
June 9
June 16
June 23
June 30
July 7
July K
July 21
July 28
Tax anticipation bills
1965-Oct. 11
2/
Qne-year bills;
1965-Apr. 30May 28June 30July 31Aug. 31
Sept. 30Oct. 31Nov. 30Dec. 31
1966-Jan. 31Feb. 28Mar. 31Apr. 30May 31June 30July 31
On total bids accepted
Average priceper hundred
J98.855|_97.6U
{98.8331^97.592
198.821
1.97.597
f98.830
1_97.609
193.819|97.582
J98.830|97.56i
(98. 831
197.562
{98.828197.542
r98.827
|_97.560
f98.8/Uj_97.602
f98.8U\ 97. 620
(98.870
\97.679
J98.8791_97.669
{98.804197.515
{98.768197.473
{98.737\97.424
{98.782197.513
198.298[97.221
97.62398.002
95.94995.99196.14096.07295.93895.70595.75095.66495.20395.23694.98695.19595.16194.96595.23894.967
Equivalent averagerate 6/
( Percent
)
4.5314.719
4.6174.763
4.6644.754
4.6304.730
4.6734.782
4.6304.818
4.6264.823
4.6384.835
4.6414.826
4.5734.7U4.5754.708
4.4704.591
4.4354.610
4.7314.915
4.8754.999
4.9985.096
4.819
4.919
3.7833.941
4.0754.281
3.9963.9543.8073.8754.0064.2364.1924.2774.7314.6994.9454.7394.7734.9664.6974.964
On competitive bids accepted
High
Price per hundred
7/8/
2/
98.86097.616
98.83997.599
98.825 10/
97.599
98.83497.616 11/
98.824 12/97.592 11/
98.83297.579 14/
98.83697.568 IV
98.83497.548
98.83297.561
98.85597.6U98.85297.624
98.88097.688 16/
98.887 17/97.686 18/
98.822 12/97.542 20/
98.793 21/97.506
98.74397.431
98.790
97.528
98.318 22/97.260 22/
97.638 21J98.008 2y
95.95195.994 26/96.157 22/96.08695.950 28/95.72295.758 22/95.68195.215 iO/95.250 ii/95.00795.215 12/95.18494.98695.30694.991 11/
Equivalent rate 6/
(Percent)
4.5104.716
4.5934.749
4.6484.749
4.6134.716
4.6524.763
4.6214.789
4.6054.811
4.6134.824
4.6214.824
4.5304.720
4.5424.700
4.4314.573
4.4034.577
4.6604.862
4.7754.933
4.9735.082
4.7874.890
3.7383.883
4.0494.269
3.9943.9513.7903.8603.9954.219
184260719685925719
4.7504.9454.6304.940
Price per hundred
98.85297.613
98.82797.588
98.81997.594
98.82797.606
98.81597.574
98.82697.561
98.82797.556
98.82497.538
98.82397.558
Equivalent rate 6/
( Percent)
4.5424.722
4.6404.771
4.6724.759
4.6404.735
4.6884.799
4.6U4.824
4.6404.834
4.6524.843
4.6564.830
38 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 3. - New Money Financing through Regular Weekly Treasury Bills 1/
(Dollar amounts in millions)
Description of issue
Issuedate
Maturitydate
August 1966 39
PUBLIC DEBT OPERATIONS
Table 3. - New Money Financing through Regular Weekly Treasury Billsi/- (Continued)
(Dollar amounts in millions)
Description of Issue
Issuedate
Maturitydate
Number of
days tomaturity
Amountof bidstendered
Amountof bidsaccepted
Average rateon bidsaccepted S/
New moneyincrease, ordecrease (-)
1962-July 5..
July 12..
July 19..
July 26..
August 2.,
August 9.
.
August 16.
.
August 23.
August 30.
.
September 6,
September 13.
September 20.
September 27.
October 4.
October 11,
October 18.
October 25.
November 1.
November 8,
November 15
.
November 23.
November 29-
December 6«
December 13,
December 20-
December 27.
1963-January 3i.
January 10,
March 28..
April 4.
April 11.
April 18.,
April 25..
ri962-0ctober
11963-January
ri962-0ctober'|l963-January
ri962-0otober1l963-January
ri962-0ctober
]J.963-Jaiiuary
Jl962-November11963-January
fl%2-November\l963-February
/l%2-November\l963-February
fl962-November11963-February
fl962-November
1,1963-February
fl962-December\1963Jfarch
fl%2-December\l963-March
fl%2-December\l963-Uarch
fl%2-December\l963-March
ri963-January
\ April
f January
\ April
{JanuaryApril
f January
\ April
IJanuary
\ May
f February
I May
J February
I May
J Febriiary
1.May
f February
I May
(MarchJune
(MarchJune
J March
\ June
f March
1 Jxme
{AprilJuly
f April
I July
r June
\ September
r July
\ October
f July
\ October
f July
\ October
f July1 October
3
11
10
1817
25
24
1
31
15
M2321
2928
6
7
13
M2021
2728
3
4
1011
1718
2425
312
7
9
W16
21
23
28.31
7
6
14
13
2120
2827
45
1111
2726
5
3
11
10
1817
2524
91182
91182
91182
91182
91182
91182
91182
92182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
90181
91183
91182
91182
91182
91182
91183
91182
91182
92182
91182
91182
91182
t2,2121,202
2,3651,126
2,4541,068
2,127
1,362
2,1611,576
1,9721,203
2,0781,766
2,0031,651
2,2481,259
2,0541,332
2,3771,291
2,2651,375
2,1501,777
2,0111,505
2,1361,631
2,2251,436
2,1331,394
2,2071,573
2,2491,761
2,3251,436
2,4091,274
2,0421,528
2,1081,663
1,9731,321
2,0921,248
2,6601,322
2,2201,340
2,1961,542
2,1331,459
2,0811,454
2,2921,553
2,3521,485
2,2591,670
*1,301700
1,301700
1,302700
1,298
703
1,301700
1,301700
1,301704
1,301700
1,301700
1,301700
1,301701
1,301700
1,300700
1,300701
1,301701
1,300700
1,301700
1,301701
1,301702
1,302701
1,300800
1,300801
1,300801
1,301801
1,301800
1,309802
1,301801
1,301800
1,301800
1,300800
1,302801
1,301800
1,300801
(Percent
)
2.9303.008
2.9743.096
2.9833.133
2.892
3.103
2.8743.075
2.8012.990
2.8673.060
2.8372.984
2.8052.916
2.8X2.977
2.7892.911
2.7962.962
2.7492.938
2.7522.902
2.7602.864
2.7492.843
2.7422.828
2.6862.775
2.8412.927
2.8012.846
2.8332.892
2.8532.936
2.8612.945
,807
,861
2.8602.900
2.8932.924
2.9262.966
2.9202.966
2.9192,977
2.9222.982
2.9132.978
2.9173.010
2.8842.982
$200
201
201
200
199
197
204
99
100
100
101
101
100
100
100
98
102
101
101
103
199
199
98
101
99
110
101
100
92
98
102
100
99
Footnotes at end or table. (Continued on following page)
40 Treasury Btilletin
PUBLIC DEBT OPERATIONS
Table 3. - New Money Financing through Regular Weekly Treasury Billsl/- (Continued)
(Dollar amoiints in millions)
Description of issue
Issuedate
Mfiturlty
date
Number of
days tomaturity
Amountof bidstendered
Amountof bidsaccepted
Average rateon bidsaccepted 2/
New moneyincrease, ordecrease (-)
1963-UBy 2.
May 9.
Uay 16.
November 21
,
November 29.
I96i-May 21.
May 28.
July 16.
July 23.
July 30.
September 10^
September 17,
September 24.
October 1.
1965-January 21 .
,
January 28.
,
February 4^. ,
February 11.
,
February 18.
,
February 25,
,
March 4.
,
March 25,.
April 1..
April 8.,
April 15..
1966-January 6.
January 13 .
.
January 20 .
,
January 27 .
.
1
|l963-August1 October
f August1 November
f August
\ November
Jigfe^-FebruaryMay
FebruaryMay
AugustNoTCBber
AugustNovember
October1965-January
i964.-October
1965-Jamiary
i964-0otober1965-January
L96^-December1965-Maroh
196^-December1965-March
1964--Deceinber' 1965-March
1964-December1965-April
AprilJuly
AprilJuly
MayAugust
MayAugust
MayAugust
MayAugust
JuneSeptember
JuneSeptember
JulTSeptember
JulyOctober
JulyOctober
1966-AprilJuly
April
July
AprilJuly
AprilJuly
1
31
87
15
U20
21
27
28
20
19
27
27
15
U22
21
2928
10
11
17
18
25
31
1
2222
29
29
6
5
1312
20
19
27
26
32
23
1
30
8
7
15
U7
7
14
14
2121
2828
91182
91182
91182
91182
90181
91
182
91
183
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91182
91
182
91182
91182
* 2,0541,668
2,1191,715
2,3971,583
2,3211,431
1,9871,614
2,258
1,633
2,0731,709
2,1231,409
2,0701,333
2,204.
1,889
2,1691,464
2,0831,474
2,2001,624
2,0861,451
2,0992,475
2,1852,465
2,2262,470
2,2422,448
2,0742,lo2
2,3272,504
2,3592,304
2,3682,024
2,0611,938
2,2812,188
2,3361,832
1,9661,933
2,2582,004
2,2962,166
2,0842,305
11,302801
1,301802
1,302801
1,202800
1,201802
1,202
900
1,200900
1,202902
1,201900
1,201902
1,302901
1,302900
1,302901
1,301900
1,2001,001
1,2031,003
1,2031,004
1,2001,001
1,2001,000
1,2011,003
1,2001,000
1,2031,000
1,2001,002
1,2021,001
1,2011,001
1,3041,003
1,302
1,000
1,3011,001
1,3011,000
(Percent
)
2.8972.989
2.9052.993
2.9032.990
3.5243.660
3.4803.630
3.482
3.598
3.4763.595
3.448
3.549
3.5023.619
3.4753.591
3.5143.649
3.5413.693
3.5423.692
3.555-
3.711
3.8213.960
3.8483.946
3.8883.968
3.9033.987
3.9364.015
3.9894.043
3.9824.037
3.9223.984
3.9213.993
3.9423.993
3.9373.991
4.5324.718
4.585
4.737
4.673
4.770
4.5964.699
»i01
100
98
-99
-99
101
97
103
100
101
101
102
101
100
99
104
105
100
98
102
100
94
102
200
97
105
102
97
101
Footnotes at end of table. (Continued on follovring page)
August 1966 41
PUBLIC DEBT OPERATIONS
Table 3. - New Money Financing through Regular Weekly Treasury Bills i/- (Continued)
42 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip-
Attcjust 1966 43
PUBLIC DEBT OPERATIONS.
Table 4. - Offerings of Public Marketable Securities Other thanRegular Weekly Treasury Bills - (Continued)
Date subscrip-
44 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-tion books
August 1966 45
PUBLIC DEBT OPERATIONS ,
Table 4. - Offerings of Public Marketable Securities Other thanRegular Weekly Treasury Bills - (Continued)
Date subscrip-tion books
46 Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4 - (Continued)
25/ Subscriptions for $50,000 or less were allotted in full. Subscrip-tions for more than $50,000 were allotted 15 percent but in no caseless than $50,000. In addition, $100 million of the bonds wasallotted to Government investment accounts
.
26/ Includes $2,166 million allotted to Federal Reserve Banks and Govern-ment investment accounts of the 3-1/4? certificates, $14 million ofthe 3-5/8$ notes, and $64 million of the 3-7/8? bonds.
22/ Subscriptions were permitted to be made with payment in cash or inthe 4? notes or 3-1/4? notes, both maturing August 15, 1962 (seeTable 7, footnote 13).
28/ Consists of allotments on subscriptions from holders of Treasurynotes maturing Axigust 15, 1962.
22/ Subscriptions from States, political subdivisions or instrumentalitiesthereof, public pension and retirement and other public funds, inter-national organizations in which the United States holds membership,foreign central banks and foreign States, Government investmentaccoiuits, and the Federal Reserve Banks totaled $4,760 million forthe certificates and were allotted in full, in accordance with theoffering circular. Subscriptions from all others totaled $15,395million and were allotted 12-1/2 percent with subscriptions for$50,000 or less allotted in full and those for more than $50,000allotted not less than $50,000.
20/ Subscriptions for the 4? bonds totaled $6,743 million and wereallotted 22 percent with subscriptions for $100,000 or less allottedin full and those for more than $100,000 allotted not less than$100,000. In addition, $100 million of the bonds was allotted toGovernment investment accounts,
il/ All subscriptions for the 4-1/4? bonds were allotted in full. Inaddition, $50 million of the bonds was allotted to Governmentinvestment accounts. Savings-type investors were given the privilegeof paying for the bonds allotted to them in installments up toOctober 15, 1962 (not less than 30 percent by August 15, 1962, theissue date; 60 percent by September 15, 1962; and full payment byOctober 15, 1962).
22/ In addition to the amounts allotted to the public, there was allottedto Government investment accounts $21 million of the 3-3/4? notesand $320 million of the 4? bonds.
12/ Includes $3,796 million allotted to Federal Reserve Banks and Govern-ment investment accounts of the 3-1/8? certificates, $1 million ofthe 3-1/2? notes, and $6 million of the 4? bonds.
2i/ Sale of a "strip" of Treasury bills, consisting of an additional$100 million for cash of ten series of weekly Treasury bills maturingfrom January 17, 1963, to March 21, 1963.
22/ Holders of approximately $458 million of Series F and G savingsbonds which mature in 1963 and 1964 were offered in exchange eitherthe 3-7/8? bonds or the 4? bonds with certain adjustments as ofDecember 15, 1962, at a price of 99.50. Smaller denominations ofsavings bonds could be exchanged for the next higher multiple of$500 of the bonds upon payment of any cash difference. Cash paymentsamounted to $93,000 for the 3-7/8? bonds and $101,825 for the 4? bonds.
26/ The bonds were sold to a syndicate on the basis of competitive bid-ding for reoffering to the public. The winning bid was $99.85111 per$100 of face amount for a 4? coition, resulting in a net basis cost tothe Treasury of 4.008210?, calculated to maturity.
22/ Includes $3,921 million allotted to Federal Reserve Banks and Govern-ment investment accounts of the 3-1/4? certificates and $15 millionof the 3-3/4? bonds
.
28/ In addition to the amounts allotted to the public, there was allottedto Government investment accounts $19.8 million of the 3-5/8? notes,$29.6 million of the 3-7/8? bonds of 1971, $151.9 million of the3-7/8? bonds of 1974, and $123.9 million of the 4? bonds of 1980.
22/ The bonds were sold to a syndicate on the basis of competitive bid-ding for reoffering to the public. The winning bid was $100.55119per $100 of face amount for a 4-1/8? coupon, resulting in a net basis,cost to the Treasury of 4.093145?, calculated to maturity.
^0/ Includes $3,327 million allotted to Federal Reserve Banks ana Govern-ment investment accounts of the 3-1/4? certificates, and $85 millionof the 3-5/8? notes,
ii/ Subscriptions for $100,000 or less were allotted in full. Subscrip-tions for more than $100,000 were allotted 5 percent but in no caseless than $100,000.
a/ Includes $4,149 million allotted to Federal Reserve Banks and Govern-ment investment accounts.
A2/ One-year bills issued monthly beginning September 3, 1963.AA/ In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 mil-lion of the 3-7/8? bonds of 1968, and $171 million of the 4? bonds of1973.
A5/ Issued for cash and in exchange for one-year bills maturing October15, 1963 (see Table 7, footnote 17).
ib/ Sale of a "strip" of Treasury bills, consisting of an additional $100million for cash of ten series of weekly Treasury bills maturing fromFebruary 6, 1964, to April 9, 1964.
A2/ Subscriptions were permitted to be made with payment in cash or in3-1/8? certificates or 4-7/8? notes, both maturing November 15, 1963(see Table 7, footnote 18).
a/ Consists of allotments on subscriptions from holders of Treasury cer-,
tificates of indebtedness and Treasury notes maturing November 15 1963.
?he?e^''^™°j;?-^™'°^*^*^'' political subdivisions or instrumentalitiesthereof public pension and retirement and other public funds, inter-
rlllTJ^organizations in which the United States holds membership,
fcco^s'^nd'Ti T/ ^^ ^°^"'^ ^*^*^==' <^^^™"™t investment '
accounts and the Federal Reserve Banks, as provided in the offering
IZ ,^- '°^f *^'3°^ -"^^"^ ^^ "^^-^ «^l°"ed in full Sb-^scriptions subject to allotment totaled $15 762 million- those un to
S'prr^enfb^t'<?':?°°-"!-?-^"°"^^^'?-^i^ ^^^°^^-^ w^rr^Stted- - ^ in no case less xhan $100,000Issued to replace the one-year bills matirlr,; TantmT»ir 1 S
51/ In addition to amounts allotted to the public, $189 million wasallotted to Government investment accounts
.
^2/ Subscriptions for $50,000 or less were allotted in full. Subscrip-tions for more than $50,000 were allotted 83-1/2 percent but in nocase less than $50,000. In addition, $125 million of the bonds wasallotted to Government investment accounts.
52/ Includes $4,014 million allotted to Federal Reserve Banks and Govern-ment investment accounts of the 3-7/8? notes.
iV Subscriptions for $50,000 or less were allotted in full. Subscrip-tions for more than $50,000 were allotted 9 percent but in no caseless than $50,000.
12/ Includes $6,383 million allotted to Federal Reserve Banks and Govern-ment investment accounts of the 4? notes and $29 million of the 4-1/4?bonds
.
1^ In addition to the amounts allotted to the public, there was allottedto Government investment accounts $22 million of the 4-1/4? bonds of1987-92, and $4 million of the 4-1/8? bonds of 1973.
22/ Sale of a "strip" of Treasury bills, consisting of an additional $100million for cash of ten series of weekly Treasury bills maturing fromOctober 15, 1964, to December 17, 1964.
58/ Subscriptions were permitted to be made with payment in cash or in 5?notes or 3-3/4? notes, both maturing August 15, 1964 (see Table 7footnote 22).
'
22/ Consists of allotments on subscriptions from holders of Treasury notesmaturing August 15, 1964.
60/ Subscriptions from States, political subdivisions or instrumentalitiesthereof, public pension and retirement and other public funds, inter-national organizations in which the United States holds membership,foreign central banks and foreign States, Government investmentaccounts and the Federal Reserve Banks, as provided in the offeringcirculars, totaled $1,950 million and were allotted in full. Sub-scriptions subject to allotment totaled $12,903 million: those upto and including $100,000 were allotted in full; all others wereallotted 15 percent but in no case less than $100,000.
61/ Subscriptions were permitted to be made with payment in cash or in4-7/8? notes or 3-3/4? notes, both maturing November 15, 1964 (SeeTable 7, footnote 24).
62/ Consists of allotments on subscriptions from holders of Treasurynotes maturing November 15. 1964.
63/ Subscriptions from States, political subdivisions or instrumentalitiesthereof, public pension and retirement and other public funds, inter-national organizations in which the United States holds membership,foreign central banks and foreign States, Government investmentaccounts and the Federal Reserve Banks, as provided in the offeringcirculars, totaled $6,607 million and were allotted in full. Sub-scriptions subject to allotment totaled $15,293 million: those upto and including $100,000 were allotted in full; all other wereallotted 16.5 percent but in no case less than $100,000.
64/ In addition to the amounts allotted to the public, there was allottedto Government investment accounts $322 million of the 4? bonds of1970, $325 million of the 4-1/8? bonds of 1974, and $55 million ofthe 4-1/4? bonds of 1987-92.
65/ Subscriptions were permitted to be made with parent in cash or in
2-5/8? bonds maturing February 15, 1965 (see Table 7, footnote 26).
66/ Consists of allotments on subscriptions from holders of Treasurybonds maturing February 15, 1965.
67/ Subscriptions from States, political subdivisions or instrumentalitiesthereof, public pension and retirement and other public funds, inter-
national organizations in which the United States holds membership,foreign central banks and foreign States, Government investment accountsand the Federal Reserve Banks, totaled $582 million and, as provided In
the offering circulars, were allotted in full where the subscribermade the required certification of oimership of bonds maturingFebruary 15, 1965. Subscriptions subject to allotment totaled $10,054million: those up to and including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case less than $100,000,
68/ Includes $4,253 million allotted to Federal Reserve Banks and Government
investment accounts of the 4? notes and $65 million of the 4-1/4? bonds
62/ Includes $3,051 million allotted to Federal Reserve Banks and Government
Investment accounts of the 4? notes and $1,076 million of the 4? bonds.
70/ Subscriptions were permitted to be made with payment in cash or in3-1/2? notes or 4? notes, both maturing November 15, 1965 (See Table7, footnote 28)
.
71/ Consists of allotments on subscriptions from holders of Treasurynotes maturing Noveaiber 15, 1965.
72/ Subscriptions from States, political subdivisions or instrumentalitiesthereof, public pension and retirement and other public funds, inter-national organizations in which the United States holds membership,foreign central banks and forei^ States, Government investmentaccounts and the Federal Reserve Banks, totaled $7,169 million and,as provided in the offering circulars, were alloted in full wherethe subscriber made the required certification of ownership of notesmaturing November 15, 1965. Subscriptions subject to allotment totaled$4,898 million: those up to and including $200,000 were allotted infull; all others were allotted 48 percent but in no case less than$200,000.
73/ Subscriptions for $50,000 or less were allotted in full. Subscriptionsfor more than $50,000 were allotted 14.5 percent but in no case lessthan $50,000.
74/ In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accoxints $1,250million of the 4-7/8? notes and $1,121 million of the 5? notes.
75/ Includes $6,685 million allotted to Federal Reserve Banks andGovernment investment accounts.
76/ Includes $4,431 million allotted to Federal Reserve Banks and Govern-ment investment accounts of the 5-1/4? certificates and $1,519 millionof the 5-1/4? notes.
August 1966 47
PUBLIC DEBT OPERATIONS
48 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5. - Securities Issued in Advance Refunding Operations - (Continued)
Date Issued! Securities Issued
AmountIssued(In millions)
Adjustment paymentsat issue (per $100of face value) 1/
ByTreasury
ToTreasury
Effectiveinterestrate g/
Investmentyield i/
Eligible securities exchanged
3/15/63
9/15/63
l/2?/64
3-5/858 Note
3-7/856 Bond
3-7/8% Bond -
2/15/67-B
11/15/71 i/
11/15/74 V '
4)6 Bond 2/15/80 V
3-7/856 Bond 11/15/68
A% Bond 8/15/73
4-1/8)6 Bond 5/15/89-94 V
4!6 Bond 8/15/70 V
4-1/456 Bond 5/15/75-85 4/
*9602,275206845
4,287
693532
94196
1,515
136
314251
373
1,074
17
492
24195
420210213
1,131
620
194777
1,591
500
214782621
340721
716
3,894
375125317lU105
91132
1,260
694165278211654221
2,223
239106158117
53
76
748
$0.500.100.300.10
1.100.700.900.70
1.501.70
0.90
0.900.500.700.501.001.20
0.40
0.651.600.95
1.152.101.451.15
1.800.400.70
1.352.301.651.352.000.600.90
0.951.650.951.85
1.80
0.050.750.050.95
0.90
$0.50
0.25
1.15
3.76*3.653.713.65
4.023.974.003.97
4.04
4.083.8753.97
4.074.044.064.044.084.113.964.03
4.014.234.08
4.U4.264.184.164.224.074.12
4.204.264.224.214.244.174.20
4.174.294.174.333.964.32
4.254.304.254.324.174.32
3.6556
3.653.643.63
3.973.973.963.96
3.983.983.973.97
4.044.044.044.034.044.044.034.03
4.024.024.02
4.15
,U,15
.15
,15
,U
4.214.204.204.214.214.214.20
4.164.154.164.154.154.16
4.254.254.254.254.254.25
3-1/256 Certificate2-1/256 Bond3-1/356 Certificate356 Bond
3-l/2i6 Certificate2-1/256 Bond
3-1/8J6 Certificate3* Bond
3-1/2* Note
3-5/856 Note
3% Bond
3-3/856 Bond
3-1/256
2-1/2*3-1/8*3*3-1/2*3-5/8*3*3-3/8*
CertificateBondCertificateBondNoteNoteBondBond
3-1/4* Certificate4-3/4* Note
3-3/4* Note
3-1/4*4-3/4*3-3/4*3-3/4*4*3-5/8*3-3/4*
CertificateNoteNoteBondNoteNoteNote
3-1/4* Certificate4-3/4* Note
3-3/4* Note3-3/4* Bond
4* Note
3-5/8* Note
3-3/4* Note
3-3/4* Note
5* Note3-3/4* Note4-7/8* Note2-5/8* Bond4-5/8* Note
3-3/4*
5*3-3/4*4-7/8*2-5/8*4-5/8*
NoteNoteNoteNoteBondNote
8/15/63-C
8/15/6311/15/63-D
2/15/64
8/15/63-C8/15/63
11/15/63-D2/15/64
- ll/15/65-B- 2/15/66-B
8/15/6611/15/66
8/15/63-C8/15/63
ll/15/63-D2/15/64
ll/15/65-B•2/15/66-B
8/15/6611/15/66
5/15/64-B5/15/64-A5/15/64-D
5/15/64-B5/15/64-A5/15/64-D
5/15/668/15/66-A2/15/67-B8/15/67-A
5/15/64-B5/15/64-A5/15/64-D
5/15/668/15/66-A2/15/67-B8/15/67-A
8/15/64-E8/15/64-B
11/15/64-Fll/15/64-C
2/15/655/15/65-A
8/15/64-E8/15/64-B
ll/15/64-F11/15/64-C
2/15/655/15/65-A
Footnotes at end of table. (Continued on following page)
August 1966 49
PUBLIC DEBT OPERATIONS
Table 5. - Securities Issued in Advance Refunding Operations - (Continued)
Treasury Bulletin
PUBLIC DEBT OPERATIONS ,
Table 6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills ^(In millions of dollars)
Issue j
August 1966 51
PUBLIC DEBT OPERATIONS.
Table 6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills 1/ - (Continued)
( In millions of dollars)
Issue
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills i/- (Continued)
(In millions of dollars)
Issue
August 1966 53
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable SecuritiesOther than Regular Weekly Treasury Bills
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities 1/
DescriptionIssuedate
Amountout-standing
Disposition offersby Treasury
Cashretire-ment
Exchangesecurityoffered
Results of ex-
change offers
Ex-changed
Turnedin forcash 2/
Description of newsecurity offered(See also Table 4)
3% Bond
2-5/8% Bond
2-1/2% Bond
2-1/2% Bond
2-1/2% Bond
2/15/64
2/15/65
6/15/67-72
9/15/67-72
12/15/67-72
Total
.
2.484% Bill
2.827% Bill
3%
4% Note
2-1/4% Bond
Certificate -
Total.
2.705% Bill
2.908% Bill
IS Note
3-1/4% Note
Total.
r.3-1/2% Certificate
2-5/8% Note
3-1/4% Note
3-1/4% Certificate
3-1/4% Note
4% Note
Total
3/23/62
4/15/62
5/15/62
5/15/62
6/15/62
6/22/62
7/15/62
8/15/62
8/15/62
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B
2.896% Bill - 9/21/62
1-1/2% Note - 10/1/62-EO
2.975% Bill - 10/15/62
2/U/58
6/15/58
6/1/45
10/20/41
11/15/45
7/26/61
4/15/61
5/15/61
4/14/60
6/1/45
9/27/61
7/15/61
9/26/57
2/15/61
2/15/62
4/15/58
11/15/61
5/15/62
5/15/61
4/1/59
3/23/62
10/1/57
10/16/61
3,854
6,896
1,757
2,716
3,515
18,739
3,503
2,000
5,509
2,211
3,963
11,684
2,511
2,004
158
7,325
7,483
6,862
2,839
3,642
6,686
5,047
1,743
26,820
1,302
590
2,003
Footnotes at end of table.
(In millions of dollars)
3,503 8/
2,000 y
2, 511 8/
2,004 y
3,854
6,896
1,757
2,716
3,515
18,739
5,509
2,211
3,963
11,684
158
7,325
7,483 12/
1,302 8/
590
2,003 2/
15/
6,0003,000
1,154
[1,651563
233181
345420
322
333
5,202
3,8071,138
465
923842284
1,9511,134
455
11,004
2
3,7806
5
3,795
772370
|1,093259
981402
953449
J1,301
720
181
379
15/ |7,860
1
99
157
423
. 154
3,534
3,688 yj
\
i
4%
r4%4%
Bond
BondBond
(',-1/2% Bond
i_j-l/2% Bond
[3-1/2% Bond
[3-1/2% Bond
[3-1/2% Bond[3-1/2% Bond
[2,806 of 4% Bond563 of 4% Bond900 of 3-1/2% Bond
933 of 3-1/2% Bond-
8/15/71
8/15/712/15/80 11/
2/15/90 11/11/15/98 li/
2/15/90 11/11/15/98 11/
2/15/90 11/11/15/98 11/
3/15/712/15/80 11/2/15/90 11/
11/15/93 11/
5/15/63-B2/15/66-B11/15/71
3-1/4% Certificate3-5/8% Note3-7/3% Bond
'3-1/4% Certificate - 5/15/63-B3-5/8% Note - 2/15/66-B_3-7/8% Bond - 11/15/71
3-1/4% Certificate - 5/15/63-B3-5/8% Note - 2/15/66-B3-7/8% Bond 11/15/71
6,686 of 3-1/4% Certificate3,114 of 3-5/3% Note1,204 of 3-7/8% Bond
3-1/2% Certificate4% Bond4-1/4% Bond
3-1/2% Certificate4% Bond4-1/4% Bond
- 8/15/63-C- 2/15/69-3/15/87-92
- 3/15/63-C- 2/15/69-8/15/37-92
3-3/4% Note
4% Bond
August 1966 55
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities 1/
DescriptionIssuedate
Amountout-standing
Disposition offersby Treasury
Cashretire-ment
Exchangesecurityoffered
Results of ex-
change offers
Ex-changed
Turnedin forcash 2/
Description of newsecurity offered(See also Table 4)
3-3/4* Note
3-1/4* Note
. 2-1/4* Bond
11/15/62-C
11/15/62-H
12/15/59-62
2-3/4* Bond - 12/15/60-65 W
'-
56 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
August 1966 57
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
58 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
August 1966 59
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Date of
refiinding
or retire-ment
Called or maturing securities 1/
DescriptionIssuedate
Amountout-standing
Disposition offersby lYeasury
Cashretire-ment
Exchangesecurityoffered
Results of ex-change offers
Ex-changed
Turnedin forcash 2/
Description of newsecurity offered(See also Table A)
2/15/66
3-5/8$ Note
3-l/B% Note
1-1/2$ Note
Total
6/;
2/28/66
3/22/66
3/31/66
i/1/66
4/30/66
5/15/66
5/31/66
6/22/66
6/30/66
7/31/66
8/15/66
4$ Note
3-3/4$ Bond
A% Note
3$ Bond
Total
Grand total.
4.062$
3.783$
3.987$
1-1/2$
3:
IS
\ 3-31IS
Total.
Bill
Bill
Bill
Note
Bill
Note
Bond
3.954$
3.941$
4.075$4.281$
3.807$
3.875$
4$
3$
Bill
BillBillBill
Bill
Bill
Note
Total.
^J\
4-3/4$ Cert.
4$ Note
3-3/8$ Bond
Total
Grand total.
2/15/66-B
2/15/66-C
4/1/66-EA
5/15/66-D
5/15/66
8/15/66-A
8/15/66
2/28/66
3/22/66
3/31/66
4/1/66-EA
4/31/66
5/15/66-D
5/15/66
5/31/66
6/22/666/22/666/22/66
6/30/66
7/31/66
8/15/66-A
8/15/66
11/15/66-A
11/15/66-E
11/15/66
5/15/62
8/15/64
4/1/61
11/15/64
11/15/60
2/15/62
2/28/58
2/28/65
10/11/65
3/31/65
4/1/61
4/30/65
11/15/64
11/15/60
5/31/65
10/11/6510/11/6510/11/65
6/30/65
7/31/65
2/15/62
2/28/58
1/19/66
2/15/65
3/15/61
2,195
2,597
675
5,467
9,519
1,688
11,060
1,024
23,291
28,758
1,001
3,009
1,000
151
1,001
8,289
1,028
9,316
1,001
1,003
2,5131,007
1,001
1,000
8,436
9,136
1,652
2,254
1,851
5,757
U,893
(In millions
2,195
2,597
675
1,001 y3,009 a/
1.000 1/
151
1.001 y
1,001 3/
1,003 8/2,513 8/1,007 I?
1,001 3j
1,000 y
5,Ub7
9,519
1,688
11,060
1,024
23,291
28,758
8,289
1,028
9,316
8,436
700
9,136
1,652
2,254
1,851
5,757
14,893
of dollars)r 487p[1,470?
fiL456pU,019p
f 174pI 350p
4,957p
l,230p
657p
2,624p
324p
4,836p
9,793p
7,486p
649p
8,135p
5,602p2,310p
268p271p
8,452p
517p
586p
582p
l,686p
10,138p
J238p
|l21p
]l51p
510p
510p
802p
379p
l,181p
524P
16lp
684p
684p
[4-7/8$ Note
l_5$ Note
[4-7/8$ Note1 5$ Note
8/15/67-E11/15/70-A
8/15/67-E11/15/70-A
r4-7/8$ Note - 8/15/67-E
[5$ Note - 11/15/70-A
r2,JJ.7p of 4-7/8$ Note
|_2,840p of 5$ Note
5$ 11/15/70-A
f2,117p of 4-7/8$ Note
[7,675p of 5$ Note
-7/8$ Note 11/15/67-F
15-1/4$ Cert.15-1/4$ Note
8/15/67-A5/15/71-A
5-1/4$ Cert. - 8/15/67-A5-1/4$ Note - 5/15/71-A
'5,871p of 5-1/4$ Cert.
2,581p of 5-1/4$ Note
5-1/4$ Note 5/15/71-A
5,871p of 5-1/4$ Cert.4,267p of 5-1/4$ Note
Footnotes on following page.
60 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
2/2/i/
^
U
U
Source: Daily Treasury statement; Bureau of the Public Debt.
1/ Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
Rolled over into a one-year bill (see Table 4).
Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-\/i,%
notes offered in the amount of around ?6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8^ certificates over allotments of new
securities on subscriptions from holders of those certificates (see
Table i, footnotes 6 and 7).
Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, there-
fore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the aeeurlties surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities.. See also Table 5.
From March 20 through March 22, 1961, owners of 2-\/lS bonds of June
15, 1959-62, 2-l/4i6 bonds of December 15, 1959-62, 2-5/8^ notes
maturing February 15, 1963, and 2-1/2^ bonds maturing August 15, 1%3,were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8% bond due November 15, 1967,
and the last for a new 3-3/8% bond due November 15, 1966. Exchangeswere subject to allotment if suhscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
Holders of the maturing certificates and notes were not offered
preenptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3% certificates or the $2,500 million
offering of 3-1/4? notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8% certificates and 3-5/8% notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).Reopening of an earlier issue.$1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were pennitted to present them in
payment or exchange, in whole or in part, for the $6,500 millionoffering of 3-1/2% certificates, the $1,500 million offering of
4% bonds, or the $750 million offering of 4-1/4% bonds. For detailof offering, see Table 4.Excess of maturing 4% notes and 3-1/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 27 and 28).From September 10 through September 12, 1962, owners of securitiesmaturing February 15, 1963 (3-1/2% certificates, 2-5/8% notes,
3-1/4% notes), and May 15, 1963 (3-1/4% certificates, 3-1/4% notes,
4% notes) were granted the option of exchanging their holdings,subject to allotment if subscriptions exceeded the offering limitsof $6 billion for the notes and $3 billion for the bonds.Called on August I4, 1962, for redenption on December 15, 1962.Holders of the maturing one-year bills were offered the option toexchange the bills for the tax anticipation bills dated October 15,1963 (see Table 4, footnote 45).Holders of the maturing certificates and notes were not offeredpreemptive rights to exchange their holdings, but were permitted topresent them in payment or exchange, in whole or in part, for the$7,600 million offering of 3-7/8% notes. For detail of offering, seeTable 4.Excess of maturing 3-1/8% certificates and 4-7/8% notes over allot-ments of new securities on subscriptions from holders of thosecertificates and notes (see Table 4, footnotes 47 and 48).
8/
2/
iQ/
U/
U/
ly
w12/
18/
12/
20/ Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50).
21/ From January 13 through January 17, 1964, owners of seciirities
maturing August 15, 1964 (3-3/4% notes and 5% notes), November 15,
1964 (3-3/4% notes and 4-7/8% notes), February 15, 1965 (2-5/8% bonds),
and May 15, 1965 (4-5/8% notes) were granted the option of exchangingtheir holdings subject to allotment if subscriptions exceeded the of-fering limits of $4 billion for the 4% bonds and $750 million for the
4-1/4% bonds. Subscriptions to the 4-1/4% bonds exceeded the limita-tion. For allotment details see Table 4, footnote 52.
22/ Holders of the maturing notes were not offered preemptive rights toexchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-7/8% notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
23/ Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4)
footnotes 59 and 60)
.
24/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in pay-ment or exchange, in whole or in part, for the 4% notes offered in theamount of about $9 1/4 billion. For detail of offering, see Table 4.
25/ Excess of maturing 4-7/8% notes and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Table
4, footnotes 62 and 63).
26/ Holders of the maturing bonds were not offered preemptive rights to
exchange their holdings , but were permitted to present them in pay-
ment or exchange, in whole or in part, for the 4% notes offered in
the amount of about $2,170 million. For detail of offering, see
Table 4.27/ Excess of maturing 2-5/8% bonds over allotments of the new security
on subscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
28/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in pay-
ment or exchange, in whole or in part, for the $9,700 million of-
fering of 4-1/4% notes. For detail of offering, see Table 4.
22/ Excess of maturing 3-1/2% notes and 4% notes over allotments of new
securities on subscriptions from holders of those notes (See Table 4,
footnotes 71 and 72).
p Preliminary.
Note: Information on retirement of tax anticipation issues referred toin footnote 8, in millions of dollars:
Date ofretirement
August 1966 61
62 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
August 1966 63
PUBLIC DEBT OPERATIONS.
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
64 Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries -(Continued)
(Payable In U. S. Dollars)
August 1966 65
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)Issued to Official Institutions of Foreign Countries - (Continued)
66Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
iu^ust 1966 67
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)Issued to Official Institutions of Foreign Countries
Month of
activity
68 Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
August 1966 69
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)Issued to Official Institutions of Foreign Countries - (Continued)
70 Treasury Bulletin
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold. Series E has been on sale since May 1, 13^1,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April 30, 19^1.
Series F and G were sold from May 1, 19'+1. through April
30, 1952. Series J and K were sold from Maiy 1, 1952 througn
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April 1951, May I952, May 1957, Octo-
ber and December 1959j and May and October I961.
Table 1. - Sales and Redemptions by Series, Cumulative through July 31, 1966
(In millions of dollars;
Series
Series A-D 2/.Series E and H
Series F and G
Series J and K
Total A-K
Sales 1/
3,949130,22428,396
3,556
166,124
Accrueddiscount
1,05423,5861,125
186
25,951
Sales plusaccrueddiscount
5,003153,81029,5213,742
192,075
Redemptions }/
4,994104,01229,4542,917
141,377
Amount outstanding
Interest-bearing debt
49,798
50,606
Maturednoninterest-bearing debt
67
16
93
Source: Daily Treasury statement; Office of Debt Analysis in the Officeof the Secretary.
Footnotes at end of Table 4.
Table 2. - Sales and Redemptions by Periods, All Series Combined(In millions of dollars)
Period Sales 1/Accrueddiscount
Sales plusaccrueddiscount
Redemptions 1/
Salesprice 2/
Accrueddiscount 3/
Amount outstanding
Interest-bearing debt
Maturednoninterest-bearing debt
Fiscal years;1935-195619571958
1959I96019611962196319641965
1966
Calendar years :
1935-1956195719581959I9601961
1962196319641965 ,
Months
:
1965-JulyAugust. .
.
SeptemberOctober.
.
November.December.
1966-January .
February.March. . .
.
April . . .
.
MayJune
July
120,0954,8814,6704,5064,3074,4644,4214,5184,6564,543
4,650
122,5654,6054,6894,3204,3504,5394,2784,7604,609
4,486
388371
342369338
329
473345457426413397
411
12,2891,2161,2261,2281,2401,286
1,3581,4081,4761,517
1,554
12,8971,2161,2351,221
1,2621,3221,3971,4231,508
1,527
148117
130113117
140
151
126
128120
117146
154
132,3846,0975,8965,7345,5475,7495,7805,9266,1326,060
6,204
135,4625,821
5,9245,5415,6125,861
5,6756,1836,117
6,013
536489473483455469
624471
585546530543
566
74,5278,9538,5447,2498,5575,8195,7165,273
5,1645,340
5,724
78,4449,6307,2558,7726,7325,5955,6025,021
5,252
5,441
463456451406396420
653460
543513472491
499
69,1918,0557,671
6,3777,5425,033
4,9344,4824,383
4,792
72,7138,6746,4507,7635,851
4,8424,7924,2594,4454,552
387385380342334353
527
386
456430399413421
5,336903873872
1,01578178279178185s
932
5,730956805
1,009881
754810762807
889
7571
71
6462
68
125
748783
7378
79
57,49754,622'
51,98450,50347,54447,51447,607
48,3U49,29950,04350,537
56,29352,47451,19248,15447,15947,45847,53548,82749,734
50,324
50,11950,15550,18050,25950,320
50,324
50,319
50,335
50,38350,42050,483
50,537
50,606
360
374364
331280240211157139110
95
725734686
494368
335331201
158
Ul
107
104101
9996
141
117111
105102
9895
93
Source: Daily Treasury statement; Office of Debt Analysis in the Officeof the Secretary.
Footnotes at end of Table 4.
August 1966 71
.UNITKD STATES SAVINGS BONDS.
Table 3. - Sales and Redemptions by Periods, Series E through K( In millions of dollars)
Period Sales 1/Accmeddiscount
Sales plusaccrueddiscount
Redemptions 1/
Salesprice 2/
Accrueddiscount2/
Amount outstanding
Interest-bearingdebt
Maturednoninterest-bearing debt
Series E and H combined
Fiscal years;19^1-1956195719581959I960196119621963196419651966
Calendar years:1941-1956195719581959I960
1961
1962196319641965
Months :
1965-JulyAugust. . .
.
September.October. .
,
November.
.
December.
.
1966-January . .
.
February .
.
MarchAprilHayJune
July
Fiscal years;1941-1956195719581959I960
196119621963196419651966
Calendar years;W41-1956195719581959I960
19611962
1963,
19641965
Months
:
1965JulyAugust. . .
.
September.October. .
.
November.
.
December.
.
1966-January .
.
February .
,
March. . .
.
AprilMayJune
July
84,4634,6134,6704,5064,3074,4644,4214,5184,6564,5434,650
86,7634,5074,6894,3204,3504,5394,2784,7604,6094,486
388371342369
338329
473345457426413397
411
10,2981,1331,1611,1741,1941,2541,3311,3S61,4581,5021,542
10,8631,1431,1781,1691,2241,2931,3721,4041,4911,514
146116129112116
139
150
125
127119117
H5153
31 ,683
268
31 ,85398
9378365
54
4632272218
1512
74
58
52
38
29
25
19
1614
94,7615,7465,8315,6805,5015,7175,7535,9046,114
6,0456,192
97,6255,6495,8675,4895,5745,8325,6506,1646,1016,000
535488472482
454468
622
470584545530542
565
53,8325,1765,1875,1075,5024,6274,6034,5004,7364,9875,305
56,2285,4694,8565,5194,9964,4844,6364,5574,8415,117
435430429332372
394
608
419
493466430
U5449
50,0384,4444,4324,3104,6163,9063,8733,7593,982
4,1544,408
52,1054,6864,1294,6364,2023,7813,8823,8234,0614,254
362362
360321313
329
i86349410386360
371
373
Series F, G, J, ana K combined 4/
32,61935265
54463227
2218
1512
32,83317258
52
3829
25
191614
15,739 y3,7743,3502,1373,049 6/1,188 7/1,110 8/
771 1/426 2/358418
17,257 5/
4,1532,3953,2461,732 ^7/1,108 2/8/963 8/2/462 2/^
410323
28
2522
23
2426
45
4150
474246
51
15,2393,6053,2352,0632,9211,1291,059
722400
333384
16,6923,9822,3183,1221,6461,058909434383297
25
23
202122
24
41
3746443942
47
Footnotes at end of Table 4.
3,794732755797886721
731
742754
833
897
4,122783727883794703
754733780
863
7368
6962
60
65
122
7184
7970
74
75
500
16911674
128
59
51
4927
24
35
565171
77
12586
50
5528
2726
2
2
2
2
2
3
3
3
443
4
3
40,92941,49842,U242,71642,71543,80644,95546,35947,737
48,79549,682
41,39841,57842,58942,55943,137U,48545,49947,10648,366
49,249
48,89448,95148,99449,09349,17549,249
49,263
49,31449,40549,48549,58549,682
49,798
16,56813,1249,8427,7874,8293,7092,6521,9551,5631,248856
14,89510,8968,6035,5944,0222,9732,0^36
1,7211,3681,075
1,2251,2041,1851,1661,1451,075
1,055
1,021978935897856
(Continued on following page)
312
335331303257222196
144127
9986
681
698655468348318316188
U7131
9693
918986
131
107
102
969288
86
84
72 Treasury Bulletin
UNITED STATES SAVINGS BONDS.
Table 3. - Sales and Redemptions by Periods, Series E through K - (Continued)
( In millions of dollars)
Period Sales 1/Accrueddiscount
Sales plusaccrueddiscount
Redemptions 1/
TotalSales.price 3/
Accrueddiscount 3/
Exchanges of
E bonds forH bonds
Amountoutstanding( interest-bearing debt)
Fiscal years:1941-1956.. . . .
.
195719581959196019611962196319641965
1966
Calendar years:
Wil-Wi19571958 ,
1959196019611962196319641965
Months :
l%5JulyAugust. .
.
September,
October.
.
November .
,
December.
1966-January. .
,
February
.
March. . .
.
AprilMayJune
July,
Fiscal years:1952-1956195719581959196019611962196319641965
1966
Calendar years :
1952-195619571958195919601961196219631964
1965
Months:
1965-JulyAugust. .
.
SeptemberOctober.
.
November.December.
1966-January.
.
February
.
March. . .
.
April. . .
.
MayJune
July
81,2383,9193,8893,6883,6033,6893,6743,9144,1364,112
4,246
83,1763,8753,8023,5983,6323,7113,6244,1854,1324,092
351
341
315
342310
305
433317407387375364
372
10,298
1,1331,1611,1741,1941,2541,3311,3861,4581,502
1,542
10,8631,1431,1781,1691,2241,2931,3721,4041,4911,514
146116
129
112116
139
150125
127
119117
145
153
91,5365,0525,0494,8624,797
4,9435,0055,3005,5945,514
5,787
94,0385,0184,9794,7674,8565,003
4,9965,5895,6235,606
497457444455426
U3582441
534506493
509
525
53,6384,9814,9514,8895,1314,3944,3434,2034,3634,538
4,801
55,9515,2204,6585,2254,7294,2494,3494,229
4,4254,650
398391
382
343335357
568372
UO424387
405
406
49,8444,2434,196
4,0924,2953,6733,6133,4613,6093,705
3,904
51,829
4,4373,9314,3423,9353,5463,5953,4953,6463,787
324323313281
275291
446301
357345317331
331
3,794732755797886721713742754833
897
4,122783727
883
794703
754733780863
7368
69626065
12271
847970
74
75
Series H
201188219191206188
212
278212
199208
198190
18
16
15
16
1412
2214
25
1821
n9
37,89837,96938,067
38,04037,45637,81738,26039,16640,19041,078
41,853
38,08737,88538,20637,74837,59738,14038,58739,74040,739
41.504
41,15941,20941,25741,35341 ,430
41,504
41 ,49741,55241,620
41,68441,768
41,853
3,225694782818704775747604521431
404
3,587631887722718828654575477
394
383028
2728
25
4029
50
403833
39
3,225694782818
704775747604521431
404
3,587631887722718828
654575477394
38
3028
27
28
25
40
29
50
4038
33
39
194196236217322
233260298373449
504
277248198294267
235287328416467
37
3947
3938
38
40
48
53
4242
40
42
194196236217322
233260298373449
504
277
248198294267
235287
328416467
37
39473938
38
4048
534242
40
42
201188
2;9191206188
212
278212
199208198
190
1816
15
16
14
12
22
14
2518
21
19
3,0313,5294,0754,6765,2595,989
6,6957,1937,5467,716
7,829
3,3103,6934,3834,8115,5406,3456,9127,3677,627
7,744
7,7357,7427,7377,741
7,7457,744
7,767
7,7627,7857,8017,817
7,829
7,848
Source: Daily Treasury statement; Office of Debt Analysis in the Officeof the Secretary,
Footnotes at end of Table 4*
August 1966 73
.UHITED STATES SAVHJGS BONDS.
Table 4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Period Total 1/
Matured
TotalSeries Eand H
Unmatured
Series Eand H Other
Unclassified
10/
Fiscal years;
1951
1952
1953195419551956
19571958195919601961
19621963
196419651966
Calendar years:1951...;
1952
19531954195519561957195819591960
1961
1962
1963
1964
1965
Months
;
1965-JulyAugust. .
.
SeptemberOctober .
.
November
.
December.
1966-January .
.
February.
March. . .
.
April. ...
MayJune
July
6,1375,1095,621
6,5157,2517,8468,9588,5447,2498,5575,8195,7165,2735,1645,3465,724
5,651
5,0746,1496,9857,301
8,2649,6307,2558,7726,732
5,5955,6025,021
5,2525,441
463456451406396420
653460
543513472491
499
817792
1,761
2,7473,9414,2634,1153,7303,6214,1262,6732,5932,2502,057
2,1842,253
772
1,0152,3183,171
4,2304,2464,1563,3934,701
3,0332,5552,3872,0432,1712,148
151
199
159162174145
195161
294226199190
176
38702
1,128
1,4871,8261,9171,971
1,9061,9962,3041,7331,6681,5931,754
1,9381,973
254968
1,3281,5002,0471,8912,0841,691
2,4331,9U1,6331,6561,6171,8891,932
139I84
144148158131
172
130
260
194160153
145
77990
633 1/1,260 V2,1152,3452,1441,8241,6251,822 6/940 7/925 8/657 2/304246280
518
47990 V
1,6722,1832,3552,0721,7022,268 6/1,089 6/ 7/922 7/ i/730 8/ 2/426 2/282216
12
15
151416
14
23
30
33
323936
30
5,3004,3163,8593,5893,3943,4674,6574,7393,7784,541
3,3583,0702,9513,088
3,2843,300
4,9144,0253,7993,0573,6663,8995,2073,8414,5203,9383,1003,0023,031
3,1573,287
233316261263285
237
302
160
355
335278273
262
4,2583,3042,9552,7152,7752,7853,1323,1953,2353,2853,0752,8752,8122,94B
3,1653,196
3,8173,0962,8822,4642,9762,9203,3223,091
3,4453,1142,8992,8272,9053,0263,176
232304252254278
229
295
150
345
325268264
252
1,0421,012904874619682
1,526
1,5U543
1,356283196
139
140118104
1,097929917
593689979
1,886750
1,075825201
175
125
131
111
1
13
109
7
7
7
10
101010
9
10
191
«
179-84116
185
75-150-210-212
537319
-121172
-37
3431
757-59512026622
-449-239-60
213-52-76
6
78-60
30-19-63
39
156
139
-105-48-528
62
Source: Daily Treasury statement; Office of Debt Analysis in the Officeof the Secretary.
Mote: In these tables sales of Series A-F and J bonds are included at issueprice, and redemptions and amounts outstanding at current reden^tionvalue. Series G, H, and K are included at face value throughout. 4/Matured bonds which have been redeemed are included in redemptions.Matured J and K bonds outstanding are included in the interest-bearingdebt until all bonds of the annual series have matured, and are then ^transferred to matured debt on which interest has ceased.
1/ Sales and reden^tion figures include exchanges of minor amounts of (1) 6/matured Series E bonds for Series G and K bonds from May 1951 throughApril 1957 and (2) Series F and J bonds for Series H bonds beginning 7/January I960; however, they exclude exchanges of Series E bonds forSeries H bonds, which are reported in Table 3. 3/
2/ Details by series on a cumulative basis and by periods for Series A-Dcombined will be found in the February 1952 and previous issues of the 2^Treasury Bulletin.Because there is a normal lag in classifying reden^tions, the distribu- 10/tion of redemptions between sales price and accrued discount has beenestimated. Beginning with the Treasiiry Bulletin of March 1961 the •
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redenqjtions. All periods shown have beenrevised on this basis.Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.Includes exchanges of Series 1941 F and savings bonds for 3-1/45K
F and G bonds for 4-3^45^ marketable
F and G bonds for 4^ marketable
3/
marketable bonds of 1978-83.Includes exchanges of Series 1948notes of 1964.Includes exchanges of Series 1949bonds of 1969.Includes exchanges of Series 1950 F and C bonds for 3-7/81 marketable
bonds of 1968.Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8it
marketable bonds of 1971 and 4$ marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
74 Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table 5. - Sales and Redemptions by Denominations, Series E and H 1/ Combined( In thousands of pieces)
PeriodTotal alldenominations
»10 2/ »25 »50 $75 2/ $100 $200 4/ t500 $1,000 $5,000
Sales 7/
Fiscal years:1941-5619571958195919601961
19621963196419651966p
Calendar years
19U-56.195719581959I96019611962196319641965
Months:1965-July
AugustSeptember.
October. .
.
November.
.
December.
.
1966-January. .
.
February..March
April
May pJune p
Inception to date p.
1,786,66190,16089,43185,88285,60786,49586,47989,62796,60999,560103,500
1.830,857
90,85686,67684,94586,65985,75787,09494,12398,414100,657
8,5538,2347,939
9,0517,8447,903
10,6447,3369,608
9,033
8,5678,787
2,700,013
21,076
21,076
21,076
1,211,99456,32754,90852,89552,97253,45353,010
54,62959,23060,92863,430
1,239,510
56,36153,20052,45253,91052,52853,50357,39160,21761,841
5,2935,0234,830
5,7444,7824,895
6,7084,4145,757
5,551
5,1035,329
1,773,776
286,55220,25621,04320,10820,22020,43420,90121,90323,44223,94724,704
296,43121,16620,15220,05020,34720,U721,32922,82823,81624,106
2,0091,9861,951
2,097
1,9191,901
2,4231,7792,354
;,09;
2^109
503,511
135
1,1411,469
6321,322
115113112
114111
113
144106137
13;
133138
2,745
199,8799,9699,8249,4779,2089,2739,2869,62310,324
10,40910,714
204,850
9,8469,6909,2419,1849,3229,19610,162
10,44510,366
86b
855829
869
818792
1,048794
1,033
939
936934
297,985
9,726851
893798774789813928
1,006
9821,010
10,159887823
775768816
7991,0191,000970
32
7972
78
7269
967399
100
97
93
18,572
27,8391,3201,3041,2121,1651,2011,1861,2331,220
1,0871,101
28, 51'2
1,2571,3021,1411,1731,2471,0981,3251,151
1,044
959075
78
7570
110
84112
108
109
95
39,868
29,3731,3961,4131,3401,2301,2991,2371,2701,214
1,0331,042
30,076
1,3051,4541,2431,2381,3461,1271,3571,117
973
893567
68
6461
111
85
113
108
10487
U,847
15529
33
3527
31
30
2522
1817
169
25
38
30
27
3427
2420
17
2
1
1
1
1
1
2
1
2
2
2
1
421
Redemptions 7/
Fiscal years:1941-56.... ....
1957195819591960196119621963196419651966P
Calendar years1941-56.195719581959I96019611962196319641965
Months;
1965-JulyAugust. . .
.
September.
October. ..
November.
.
December
.
1966-January. .
.
February.
.
March
April.
.
May p.
.
June p.
Inception to date p.
1,319,01293,17593,45288,64790,74885,07783,80483,46987,242
90,01294,718
1,363,94796,38488,90290,08387,81982,76284,28584,96588,054
92,532
7,8228,0527,858
6,9776,9157,289
9,4477,2848,700
8,3707,8218,178
2,209,355
18,609321
231177
144101
7862
54
5147
18,774280
19716112287
71
58
50
50
444
3
3
3
6
44
43
3
19,875
952,33460,61259,88056,03656,79654,28052,95853,01855,264
56,73659,233
981,968
61,69557,08056,38955,55252,62653,23154,05555,682
58,045
4,9055,1334,946
4,3814,3874,654
5,6754,5125,415
5,172
4,9195,132
1,517,148
198,51818,16519,46718,59819,50718,65418,74619,02220,034
20, 7U21,947
207,148
19,77718,29619,15019,08918,34619,00619,40220,204
21,330
1,7981,8191,829
1,6181,5781,648
2,2041,7332,047
1,9901,7931,890
393,402
245585
65
434
38
41U41
4446
54
4458
59
57
60
830
118,95710 , 590
10,43310,39410,6349,1979,1508,7159,080
9,3229,822
123,891
10,96110,07510,6969,8488,9379,1298,7719,180
9,533
821809795
714691717
1,122
744892
882
799837
3,598633639675725616653601
648
694756
3,890666627722657609653615670715
6261
58
5453
53
9058
68
67
6466
216,295 10,238 25,580 25,773
13,3601,3541,3201,3011,3511,0761,0771,0051,051
1,0701,113
14,479
1,4081,2501,3681,2011,0451,0701,0081,0671,080
9391
81
7780
13689
102
959092
13,1201,4851,4641,4511,5671,1391,1261,0231,088
1,1221,182
13,778
1,5781,3651,5751,3341,0981,1081,0371,1111,136
939291
82
80
86
15897111
99
9494
9911
915
10
10
12
15
1922
12
12
91412
912
131820
2
2
2
2
2
2
2
2
2
2
2
2
142
Note: These figures are estimates by the Office of Debt Analysis in theOffice of the Secretary and are based on the daily Treasury statementand reports from Federal Reserve banks and the Bureau of the Public Debt.
1/ Sales of Series H bonds began on June 1, 1952; the denominationsauthorized were $500, $1,000, $5,000, and $10,000.
2/ Sales «ere authorized in June 1944, to Armed Forces only, and dis-continued after March 31, 1950.
3/ Sales began on May 1, 1964.
^ Sales began in October 1945.
^ Sales of $10,000 denomination Series E bonds were authorized on May 1,
1952.
6/ Includes sales and redemptions of $100,000 denomination Series E bonds
which are purchasable only by trustees of employees' savings plansbeginning April 1954, and also personal trust accounts beginning Jan-uary 1955.
7/ See Table 4, footnote 1.* Less than 500 pieces. p Preliminary.
August 1966 75
UNITED STATES SAVINGS BONDS.
Table 6. - Sales by States, Series E and H^ Combined(, In thousands of dollars at issue price)
State
Inception
throughJune 1966
2/
1965
July Aug. Sept. Oct. Nov. Dec.
1966
Jan. Feb. Kar. Apr, May
AlabamaAlaskaArizona
ArkansasCaliforniaColorado
ConnecticutDelawareDistrict of Columbia.
FloridaGeorgiaHawaii
Idaho
IllinoisIndiana
IowaKansasKentucky
LouisianaMaineMaryland
MassachusettsMichiganMinnesota
MississippiMissouriMontana
NebraskaNevadaNew Hampshire
New JerseyNew MexicoNew York
North CarolinaNorth DakotaOhio
OklahomaOregonPennsylvania
Rhode IslandSouth CarolinaSouth Dakota
TennesseeTexasUtah
VermontVirginiaWashington
West VirginiaWisconsinVtyoming
Canal ZonePuerto RicoVirgin Islands ,
Undistributed andadjustment to dailyTreasury statement.
Total
1,23A,11961,720 2/
480,861
720,1918,771,269964,553
2,009,117365,041
1,335,7U
1,724,6541,381,384471,037
300,99810,333,9783,620,578
3,516,0852,055,6821,416,762
1,212,558476,399
1,653,150
3,579,9987,189,9552,363,349
686,9453,634,714615,626
2,055,751157,403295,318
4,856,476313,805
14,407,757
1,416,000617,566
8,051,797
1,564,3641,183,864
10,782,025
551,004721,087754,204
1,298,4544,433,262
502,360
159,5822,110,3492,036,262
1,299,1632,847,894
239,559
79,57072,6144,105
4,824,326 V129,812,358
3,138315
1,620
1,46923,1692,116
6,1701,5903,382
6,1333,6421,060
51927,92110,295
7,9294,0923,725
3,3591,088
5,394
9,75226,4245,489
1,11610,6991,243
4,394479689
15,372835
42,004
3,2471,139
22,301
3,861
2,39434,077
1,3371,7161,269
3,00810,0221,749
3976,0724,410
3,3717,760
552
216
120
22
42,585
3,177331
1,412
1,37423,4462,462
5,2061,7633,479
6,1733,413984
54526,6849,378
7,6274,3703,685
2,9361,1116,400
9,87324,7095,360
1,21511,0661,080
4,347468707
15,514913
37,511
3,619916
23,568
3,8912,071
33,105
1,2132,0601,402
3,4239,8951,505
3546,6294,442
3,3237,296
429
339
19942
33,048
3,247 371,488
2,994233
1,466
1,31122,5712,221
5,3031,9143,357
5,0753,635939
45923,5439,161
7,2903,8803,823
2,8061,2265,241
8,98120,3614,798
1,04410,3U1,062
4,306476801
13,401r881
36,785
3,875961
21,070
3,5391,992
30,032
1,0931,7801,246
3,0129,4261,492
3644,4124,079
2,9476,514
385
171
297
33
32,102
2,961338
1,419
1,14922,6382,216
5,4031,5402,156
5,5493,5431,037
45522,7179,885
6,8163,8713,204
2,548836
5,755
8,20922,2055,006
9189,7751,086
4,589523
489
12,985792
35,183
3,1151,196
20,908
3,4671,888
31,103
9392,1391,474
2,8019,2721,516
3125,9464,157
3,1166,756
371
41114420
60,564
2,836239
1,508
1,33421,0931,863
5,7151,7523,249
5,6303,7371,073
41024,1149,667
6,9053,9643,367
2,8671,0935,404
9,04822,2704,824
1,13310,8411,206
5,217489680
14,120760
36,749
3,6331,183
21,639
4,0131,80431,678
1,0721,3891,442
2,9478,8851,322
3405,1663,926
3,0776,428448
272
35831
21,607
3,155299
1,129
1,32422,860
2,495
6,7681,6093,037
5,6403,880
899
50226,7229,980
9,0184,3603,772
2,9771,0586,481
9,79327,3904,935
1,04711,3571,165
6,206741718
15,442903
40,154
3,7641,159
22,818
4,2302,18234,074
1,3921,8721,742
3,1599,7651,392
3386,5714,315
3,1617,107
518
251
21723
-18,442
3,471212
2,059
1,64326,3862,504
5,9211,6543,843
7,1374,0091,135
502
29,35511,372
11,6525,3154,383
3,5391,2755,631
10,58924,3275,117
1,12511,5451,275
8,846572
949
15,7131,067
40,624
4,2791,462
25,149
4,4152,647
34,217
1,3682,0621,854
3,68610,3071,720
4036,1274,662
3,7277,644
475
30118740
101.337
342,480 369,411 337,817 329.424 472,816
_L
3,003242
1,902
1,74321,4282,403
5,700
1,3582,119
6,9903,299902
573
26,18410,023
8,7584,5063,704
3,1829U
5,957
9,54424,4334,664
1,36810,5641,445
5,151496574
15,2261,179
40,678
3,5401,310
23,144
3,5602,40131,840
1,0631,7411,852
3,36811,0301,582
3575,8364,651
3,2736,552
534
35226116
6.947
3,592333
2,052
1,43827,0932,666
7,3832,2384,327
7,2124,.502
630
53333,28011,616
12,9924,7304,797
3,4621,2216,474
10,75327,726
4,815
1,16512,9191,613
5,784589
877
17,2821,165
47,481
3,7121,274
27,850
4,3322,468
39,131
1,6301,7592,172
3,79711,4571,666
513
6,5444,535
4,0327,409
460
30629331
56,889
345,422 457,005
3,351293
2,117
1,44428,3932,500
6,862
1,4164,802
7,7333,4401,550
59229,02810,416
10,2915,0334,170
3,251826
6,690
9,29025,9095,707
1,16811,0771,410
6,282606528
16,0861,204
46,034
3,7761,070
25,717
4,0652,709
34,803
1,2631,8701,910
3,78610,6931,558
3086,2494,751
3,7917,579
516
289
205
5
50.031
3,U3252
2,055
1,51925,4352,202
6,9071,8533,528
8,0583,9271,038
520
28,13310,312
9,7714,2913,786
3,2781,2706,745
11,41726,9195,427
1,118
11,5591,338
5,097639865
17,1511,019
44,040
3,9471,136
25,103
3,7512,338
34,847
1,3032,0341,428
3,28510,870
1,504
3536,1894,427
3,9637,603
423
29043637
42.553
426,443 412,992
Source: Daily Treasury statement and reoorts from Federal Reserve banks
.
1/ Sales of Series H began June 1, 1952.
2/ Figures include exchanges of minor amounts of Series F and J bondsfor Series H bonds beginning January 1960; however, they excludeexchanges of Series E bonds for Series H bonds,
2/ Excludes data for period April 1947 through December 1956, when
reports were not available. In previous issues of the Bulletin, data
for period May 1941 through March 1947 were included in "Other
possessions," and data for calendar years 1957 and 1958 were included
in "Adjustment to daily Treasury statement."
^ Includes a small amount for other possessions.
r Revisea,
76 Treasury Bulletin
OWNERSHIP OF FEDERAX SECURITIES,
Table 1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
End of
fiscal yearor month
TotalFederalsecuri-ties out-standing
1/
Interest-bearing securities issued by the U.S. Government
Totalout-standing
Held by U.S. Governmentinvestment accounts 2/
TotalPublicissues
Specialissues
Held by
FederalReservebanks -
public
Held by privateinvestors ^/
Publicmarket-ableissues
Publicnon-market-ableIssues
Interest-bearing securities guar-anteed by the U.S. Government V'
Totalout-standing
Held by
U.S.Governmentinvestmentaccounts2/
Held by
privateinvestors
i/
Matureddebtanddebtbearingno
interest
195719581959I960196119621963196^1965
i96b ,
1965- JulyAugust. , ,
,
September.October, .
.
November.
.
December.
.
1966- January . .
,
February.
.
MarchApril
MayJune
July.
270,634276,444284,817286,471289,211298,645306,466312,526317,864
320,369
317,056318,742317,270319,394322,176321,359
322,419323,746321,454320,051322,825
320,369
319,768
268,486274,698281,833283,241285,672294,442301,954307,357313,113315,431
312,197313,896312,359314,557317,357316,515
317,599318,921316,582
315,219317,927315,431
314,880
55,501
55,84254,55455,25956,00256,29658,20660,964
63 J 236
66,6l8r
62,18264,70363,47262,14062,70261,767
59,88561,60661,59760,39064,38766,6l8r
66,281
8,6749,5969,79910,36010,95911,35713,40514,33714,58615,497r
14,39314,92315,40315,18315,65015,512
15,52915,82415,638
15,46915,58215,497r
15,585
46,827/6,24644,75644,89945,04344,93944,80146,62748,65051,12:
47,78949,78048,06946,95747,05246,255
44,35645,78145,95944,92148,80551,120
50.696
23,03525,43826,04426,52327,25329,66332,02734,79439,100
42,169
39,20739,04939,77439,65740,57540,768
40,56540,18940,73440,71341,48042,169
42,380
189,949193,418201,235201,459202,417208,483211,721211,598210,776
206,645r
210,808210,144209,113212,760214,080213,979
217,149217,126214,251214,115212,060206,645r
206,218
127,179134,593144,983149,546151,392157,418160,361159,575157,220153,566r
157,276156,641155,410159,363160,500160,430
163,667163,782160,883160,926158,807153,566r
153,247
6:., 770
58,82556,25251,9X351,025
51,06551,36052,02353,556
53,079
53,53353,50353,70353,39753,579
53,549
53,48253,34453,36853,18953,25353,079
52,971
106101
110
139240
444605812
589
460
470499519490462
453
413
433454467464460
438
50
5463
79
87
167
165159
139
94
115116
116
115100
100
969897969494
92
56
46
4760
153277
UO653450367
355383
403376362
354
317
335357371370367
396
2,0421,6462,8733,0903,3003,7593,9074,3574,1634,477
4,3884,3464,3914,3474,3574,391
4,4074,3924,4184,3664,4334,477
4,401
Source: Daily Treasury statement for total amounts outstanding; reportsfrom agencies and trust funds for securities held by U.S. Government 3^/investment accounts; and reports from Federal Reserve System for
~
securities held by Federal Reserve banks.1/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1. //2/ Includes accounts under the control of certain U.S. Government agencies
whose investments are handled outside the Treasury.The total amount of interest-bearing securities held by private inves-tors is calculated by deducting from the total amount outstanding theamount held by U.S. Government investment accounts and FederalReserve banks
.
Consists of guaranteed securities held outside the Treasury. All arepublic marketable issues. r Revised.
Table 2. - Net Market Purchases or Sales of Federal Securities forInvestment Accounts and Other Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year Jan. Feb. Apr, May June July Aug. Sept. Oct. Nov.
1940,
1941,
1942.
1943.
19U.1945-
1946.
1947.
1948.
1949.1950.
1951.1952.
1953.
1954.
1955.
1956.1957.
1958.1959.1960.1961.1962.
1963.
1964.1965.1966.
-9.5-2.8-.5
-14.5-9.9
-67.5-8.1
.1
-6.636.822.124.67.0
23.0
-1.314.3
-123.414.117.5-5.6
76.980.7
148.7397.675.1
-20.9
12.030.0
-90.3-105.1-48.1
-.7
177.4-1.8
13.5261.2
6.73.8
-4.077.2
-9.872.6
-155.923.016.5
-21.347.1142.1
101.1210.9
334.5
-5.7
5.8-72.9-11.5-5.9
-4.7
106.85.1
6.3482.7
.5
12.9-22.4
18.9
10.713.410.662.243.156.1
18.9293.5
111.383.238.2
-1.6-.7
.3
.4-16.5-55.6
3.3-61.3
-12.11.51.1
8.419.936.2-2.9
29.9
46.735.4-2.1U.O16.419.518.2
32.3
44.67.027.1
.4-.2
-35.2-10.0-34.4
.4
-338.6
-30.4-54.7-1.9
11.42.9
35.92.8
56.2
5.7313.4-86.353.121.824.2
39.9656.2
155.8143.1
298.8
.9
.4
.3
-145.820.5
-56.4-69.8
-359.2
1.1-88.4
5.1
3.51.5
20.1
-45.522.5
398.815.8
177.29.9
-14.515.4-8.7
73.9
141.069.7
59.4
-2.3-67.8-18.5-17.0
-157.8-609.1
5.4-.1
8.2
.2
1.47.9
-21.774.8
49.2182.4445.532.2
35.525.661.9
-59.0
28.7145.9
60.3
-8.4
-15.8-19.0
-.2
-41.2-308.1
4.43.8
-2.0
4.71.9
.4
-17.220.3
9.426.419.1
18.344.417.3
-304.4
33.5
223.4578.6
-4.5-2.7
-28.1-12.5-74.1
-123.1
7.24.65.02.8
3.538.4
-10.011.3
3.410.310.628.3
3.425.1
325.5373.1
169.8198.6
-4.4-.2
1.0
.3
-123.0-14.1
.1
-1.7
5.88.4
16.517.021.1
-30.7
56.226.617.341.125.536.8
-23.3345.7
126.239.8
-5.0-5.9
-57.6221.0
-.8
11.510.7-3.6
11.7-1.1
14.27.9
83.9-67.3
55.171.6105.557.3
-25.4436.7
100.1233.0
-1.160.0
4.8-12.0
-20.3696.4
-.2-.1
7.0
29.03.2.6
41.0234.8
21.333.343.7113.139.727.819.533.8
116.8-1.9
1/ Consists of purchases or sales, in the market, by the Treasury of securitiesIssued or guaranteed by the U.S. Government for (1) trust funds which bylaw are under the control of the Secretary of the Treasury or the Treasurerof the U.S., (2) accounts under the control of certain U.S. Governmentagencies whose investments are handled through the facilities of theTreasury Department; and (3) purchases prior to maturity by the Secretary
of the Treasury of any outstanding securities as authorized underSection 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a)This table excludes (1) all investment transactions for the ExchangeStabilization Fund; and (2) all purchases by subscription on originalissue and all securities which are redeemed upon maturity.Less than J50,000.
August 1966 77
OWNEEISHIP OF FEDERAL SECURITIES
-
Table 3. - Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
TotalFederalsecuritiesoutstand-ing 2/
Held by banks
Commer-cial
banks
1/
FederalReserveBanks
U. S.
Govern-ment in-vestmentaccounts
Held by private nonbank investors
Total
Individuals 4/
Total SeriesE and H
Savings bonds
Otherseries ^
Othersecu-rities
Insurancecompanies
Mutualsav-ingsbanks
Corpora-tions 6/
Stateandlocalgovern-ments
Foreignand inter-national
2/
Other mis-cellaneousinvestors
W47.6
279.8259.5
257.4256.7
255.3259.5
259.2267.4
266.1275.2
271.3278.8
274.4280.8
272.8276.7
270.6275.0
276.4283.0
284.8290.9
286.5290.4
289.2296.5
298.6304.0
306.5305.5307.2307.3307.1308.9310.1
309.3311.1310.4308.4312.3312.5312.0314.9316.5316.5319.3318.7
318.6320.6318.4317.2319.8317.9317.1
318.7317.3
319.4322.2321.4
322.4323.7321.5320.1322.8320.4
15.9
93.874.5
65.661.8
58.461.6
61.163.4
58.863.7
63.669.2
63.562.0
56.2
59.5
55.362.1
62.567.2
65.267.2
64.463.361.763.063.262.864.3
62.962.261.661.1
60.060.2
59.360.1
61.962.263.664.0
62.9
61.760.459.7
58.458.357.3
56.5
57.5
59.760.060.9
61.058.756.956.854.954.5
2.5
22.923.3
18.320.8
23.023.8
22.924.7
24.725.9
25.0
24.9
23.624.8
23.824.9
23.024.2
25.426.3
26.026.6
26.527.4
27.328.9
29.730.8
32.032.532.432.632.833.733.6
32.833.233.833.2
34.234.835.135.2
35.435.736.837.0
36.7
36.937.637.8
38.739.139.2
39.0
39.839.7
40.640.8
40.640.240.740.741.542.2
6.5
28.0
30.9
37.839.2
41.042.3
U.345.9
47.648.3
49.349.6
50.551.7
53.554.0
55.655.2
55.954.4
54.653.7
55.355.1
56.1
54.5
56.555.6
58.457.1
58.9
58.357.257.758.0
56.557.557.656.1
59.461.1
59.961.861.860.561.260.6
59.1
60.460.759.2
62.7
63.462.3
64.863.6
62.3
62.861.9
60.061.761.760.564.566.7
22.7
135.1130.7
135.6134.9
132.9131.8
130.8133.4
135.0137.3
133.3135.1
136.7142.3
138.3138.2
135.9136.1
129.9134.8
142.6150.3
149.3145.8
143.3145.9
147.3150.4
151.7152.7154.2153.4154.0154.7154.3
157.2158.3157.4158.0158.7156.4157.7157.9157.5158.0157.8157.1
160.0
161.6159.8160.6
160.1157.1158.3
158.4156.4157.8
158.8157.8
160.9163.2162.1162.0161.9157.0
10.1
64.164.2
67.466.3
65.464.6
64.865.2
66.164.8
64.863.5
65.265.0
66.665.9
66.364.9
64.463.7
66.369.4
69.766.1
64.665.9
65.766.0
66.166.967.267.567.768.068.2
68.769.069.568.769.169.269.569.069.669.869.770.0
70.6
71.071.571.2
71.271.171. 8r
71. 8r72. 2r
72.2r
72. 3r72. 3r
73. 3r
73. 9r75. Ir
74. 9r74.674.3
30.830.3
34.
34.
34.
34.
34.935.3
36.036.7
37.538.2
39.
40.
40.941.4
41.541.6
42.1
42.5
42.642.4
42.542.9
43.644.2
44.645.1
46.046.146.246.346.446.646.7
46.846.947.047.147.247.347.447.547.647.747.847.9
48.0
48.148.248.248.343.348.4
48.5
48.548.648.748.8
48.848.949.049.049.149.2
12.513.9
15.415.1
14.6
U.4
14.113.8
13.212.7
12.111.7
10.910.2
9.48.7
7.66.6
5.95.2
4.53.5
3.12.7
2.52.2
2.01.8
1.51.51.51.41.41.41.4
Source: Office of Debt Analysis in the Office of the Secretary. i/1/ United States savings bonds, Series A-F and J, are included at ^
current redemption value. b/2/ Securities issued or guaranteed by the U. S. Government, excluding 7/
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings 8/
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments. 2/
1.11.11.0
1.0
1.01.01.0
.9
.9
.9
.9
.9
.8
.7
.7
.6
.6
8.2
20.820.1
17.616.7
16.315.5
15.716.0
16.815.4
15.213.6
15.014.8
16.315.8
17.216.7
16.416.0
19.323.5
24.120.5
18.619.5
19.019.2
18.619.319.519.719.920.120.1
20.620.821.220.320.720.7
20.920.420.921.020.8
21.
1
21.521.822.322.0
22.021.8
22. 5r22. 4r22. 8r22.8r22 .7r
22 .7r
23.7r24.3r25. 4r25. 2r24.824.4
6.3
24.424.9
19.818.7
17.1
16.5
15.716.0
16.0
15.9
15.415,3
15.014.6
13.613.2
12.712.5
12.212.7
12.612.5
12.0
11.9
11.411.4
11.411.5
11.011.1
11.111.211.211.311.3
3.1
11.111.8
11.610.9
10.2
9.8
9.69.5
9.59.2
9.18.8
8.7
8.5
8.48.0
7.97.6
7.47.3
7.36.9
6.66.3
6.36.1
6.36.1
6.1
6.16.16.05.85.8
5.8
11.3
78 Treasury Bulletin
.TBEASUEY SUIWEY OF OWNERSHIP, JUNE 30, 19o6.
The monthly Treasury Survey of Ovmerahip covers secu-
rities issued by the Uiiited States Government and by Fed-
eral agencies. The banks and insurance companies included
in the Survey ciirrently account for about 90 percent of all
such securities held by these institutions. The similar
proportion for corporations and for savings and loan asso-
ciations is 50 percent, and for State and local governments,
70 percent. Data were first published for banks and in-
surance companies in the May 19^1 Treasury Bulletin, for
corporations and savings and loan associations in the Sep-
tember I960 Bulletin, and for State and local governments
in the February 1962 Bulletin.
Holdings by conanercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corpo-rate pension trust funds are published quarterly, first
appearing in the March 1954. Bulletin.
Section I - Securities Issued or Guaranteed by the United States GovernmentTable 1. - Summary of All Securities
August 196679
.TREASUEY SUIWEY OF OWNERSHIP, JUNE 30, 19o(^/.
Section I - Securities Issued or Guaranteed by the United States GovernmentTable 3. - Interest-Bearing Public Marketable Securities by Issues
Issue
Treasury bills :
Regular weekly and annualmaturing:
July 1966 - Sept. 1966.Oct. 1966 - Deo. 1966.Jan. 1967Feb. 1967Mar. 1967April 1967May 1967June 1967
Total Treasury bills.
Certificates of indebtedness:-1-3/4? tiov^ 1966-A
Treasury notes:
Ai
80 Treasury Bulletin
.TEEASUKI SUWEY OF OWNERSHIP, JUNE 30, 196(=>.
Section I - Securities Issued or Guaranteed by the United States GovernmentTable 3. - Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Far values - in millions of dollars)
Issue
Totalamountoutstand-ing
Held by investors covered in Treasury Survey
5,930commer-cialbanks
2/3/
505mutualsavingsbanks
Insurance companies
295life
i73 fire,
casualty,andmarine
savingsand loanassocia-tions
^69corpo-rations
State and localgovernments 4/
316generalfiands
191
pensionand re-tirementfmids
U. S. Govern-ment invest-ment accountsand FederalReserve banks
Held byallotherinves-tors ^
Memorandum;Held by
20,050corporatepensiontrust funds6/
Treasury bonds - (Continued)
:
A? Feb. 1980
3-1/2 Nov. 19803-1/4 May 1985
i-1//, Aug. 1987-92
4 Feb. 1988-934-1/8 May 1989-943-1/2 Feb. 1990
3 Feb. 19953-1/2 Nov. 1998
Total Treasury bonds
Total public marketablesecurities
Footnotes at end of Section II
606911125818250560
897095404
76104103171
3
65
140
3167
77112
38229
7
23
33449
419
172
39313523134
8199162
877
58
4521
2772
32
792023
62
29109127
11
4414B4092
26
401
3
217117
170
65
5
37
3.'A
156261
354123i;o87036
518
973148919
725708l'?6
98258
470
1,139158
897
101,897 27,805 3,923 4,032 3,383 1,669 4,257 5,457 17,605
209,127 45,120 4,904 -.,111 .,118 3,616 6,3:7 10, "73
86328021984194
250748
1,428844
30,796
6S,699
432}10
878
22
3220
13
1,157
l,8o9
Table 4. - Interest-Bearing Public Nonmarketable Securities by Issues
(par values - in millions of dollars)
Issue
Totalamountoutstand-ing
Held by investors covered in Treasury Survey
5,930commer-cialbanks
2/1/
505mutualsavingsbanks
2/
Insurance companies
295life
473 fire,
casualty,andmarine
savingsand loanassocia-tions
469corpo-rations
State and localgovernments 4/
316generalfinds
191pensionand re-tirementfunds
U. S. Govern-ment invest-ment accountsand FederalReserve banks
Held by
allotherinves-tors ^
Memorandum:Held by23,050corporatepensiontrust funds
6/
U. S. savings bonds; 7/Series ESeries HSeries J and K
Total U. S. savings bonds
Other U. S. securities ;
Certificates of indebtedness;Foreign SeriesForeign Currency Series
Treasury certificatesTreasury notes, Foreign SeriesDepositary bondsTreasury bonds;
Foreign SeriesForeign Currency SeriesR. E. A. SeriesInvestment Series BOther
U. S. retirement plan bonds...
Total other U. S. securities..
Total public nonmarketablesecurities
41,8537,829856
50,537
9
11
1
18
19 11
3053b893
338
44
17458923
2,692
416
U 8/
39 68 65 42 107 2,098
4,646 83 8/
55,183 83 8/
68
70
65
67
42
48
26
38
77
96
^,098
2,104
;i,850,',822
806
,478
305368
93
338
174
58923168
416
2,078
5^556
i;;9
1
7
137
12
12
149
Footnotes at end of Section II.
August 1966 81
.TREASUEY SUWEY OF OWNERSHIP, JUNE 30, 19o(^>
Section II - Interest-Bearing Securities Issued by Federal Agencies ButNot Guaranteed by the United States Government
Footnotes at end of table. (Continued on following page)
62 Treasury Bulletin
.TREASUEY SUEVEY OF OWNERSHIP, JUNE 30, 1966,
Section II - Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government - (Continued)
Aagust 1966 83
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966
The tables which follow provide an analysis of the
security holdings of commercial banks reporting in the
Treasury survey of ownership of securities Issued by the
United States Government and by Federal agencies. The
figures show the total holdings distributed according to
Federal Reseirve member bank classes and nonmember banks.
This analysis of commercial bank ownership was first
published In the May 1944 issue of the "Treasury Bulletin, "
based on the survey data for Cecember 31, I943. It has
appeared at semiannual or quarterly Intervals since that
time, and Is now being published for the June 30 and De-cember 31 survey data.
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States GovernmentTable I. - Summary of All Securities
(I'ar values - in millions of dollars)
84 Treasury Bulletin
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966.
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States GovernmentTable 3. - Public Marketable Securities by Issues
(Par values - in millions of dollars)
Issue
Held by
5,930commercialbanks
Federal Reserve member bank?
3,739memberbanks
192 Reserve city
12
New YorkCity
11 1A9
other
3,5i7country
2,191nonmemterbanks
Treasury bills:
Regular weekly and annualmaturing:
July 1966 - Sept. 1966Oct. 1966 - Dec. 1966Jan. 1967Feb. 1967Mar. 1967April 1967May 1967June 1967
Total Treasury bills
Certiricates of indebtedness:
i-3/i^ iJov^ 1966-A
Tresury notes:
A% Aug". 1966-A
A Nov. 1966-E4 Feb. 1967-C
3-5/8 Feb. 1967-B
4-1/4 May 1967-D4-7/8 Aug. 1967-E3-3/4 Aug. 1967-A4-7/8 Nov. 1967-F
5 Nov. 1970-A
1-1/2 Oct. 1966-EO1-1/2 Apr. 1967-EA1-1/2 Oct. 1967-EO1-1/2 Apr. 1968- EA
1-1/2 Oct. 1968-EO
1-1/2 Apr. 1969-EA....1-1/2 Oct. 1969-EO1-1/2 Apr. 1970-EA1-1/2 Oct. 1970-E01-1/2 Apr. 1971-EA
Total Treasury notes
Treasxiry bonds:
2-1/2% June 1962-672-1/2 Dec. 1963-682-1/2 June 1964-692-1/2 Dec. 1964-692-1/2 Mar. 1965-702-1/2 Mar. 1966-71
3 Aug. 1966
3-3/8 Nov. 19662-1/2 June 1967-722-1/2 Sept. 1967-72
3-5/8 Nov. 19672-1/2 Dec. 1967-72
3-7/8 May 1968
3-3/4 Aug. 19683-7/8 Nov. 1968
4 Feb. 1969
4 Oct. 1969
4 Feb. 1970
4 Aug. 1970
4 Aug. 1971•3-7/8 Nov. 1971
4 Feb. 1972
4 Aug. 1972
4 Aug. 19734-1/8 Nov. 19734-1/8 Feb. 19744-1/4 May 19743-7/8 Nov. 19744-1/4 May 1975-85....
3-1/4 June 1978-83
3,4661,580
66
71
103
141107549
6,084
914
1,061629818833
1,222390
1,476427
2,82831
104180
9550
246621
61
2_
10,317
669
9191,1571,127
761
449266730367
1,049519560
616
1,573606968
2,0251,9381,355932
1,012790740
1,1611,7481,2211,307
37369
39
2,7161,239
5560
77121
95545
4,909
393
495673696952320
1,262337
2,22018
9316487
4320
5821
58
2_
8,412
588
8051,0561,019688421239560326938407508
4981,287495792
1,6161,5781,023
752864678647989
1,5321,0661,118
312
63
760
August 1966 85
TFEASUEY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966.
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3. - Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
86 Treasury Bulletin
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966
Section II - Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
August 1966 87
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966.
Section II - Interest-Bearing Securities Issued by Federal Agencies ButNot Guaranteed by the United States Government-(Continued)
in Till 1 ion;: iollar;
88 Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 29, 1966.
Current market quotations shown here are over-the-counter closing bid quotations in the New York marketfor the last trading day of the month, as reported tothe Treasury by the Federal Reserve Bank of New York.
The securities listed include all regularly quoted publicmarketable securities issued by the United States Treas-ury. Securities issued by Federal agencies and guaranteedby the United States Government are excluded.
Table 1. - Treasury Bills
Amount outstanding
August 1966 89
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 29, 1966.
90 Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 29, 1966.
IlluEiLl
00 Q-
o
August 1966 91
.AVEiyOE YIELDS OF L0HG-TE»4 BONDS.
Table 1. - Average Yields of Treasury and Corporate Bonds by Periods
Trea,^ury
bonds 1/
Moody' s Aaacorporatebonds
irt:;a:^ur/
bonds 1/
Ko jdy' s A^-d
corpora t .-! rr-asui'y
bonds l''
[ jAy's Aaa'orpura be
Annual series alendar year averages jf monthly serie.
19i2194319W19i51946
19471948
1949
2.472.i82.372.192.252.442.31
2.732.722.622.532.612.822.66
1950.1951.1952.
1953.
1954.
1955.1956.
r^57.
2.fc2.'
. ac
2.9'-
^.20
2.903.063.36
191 -.
1959.19'0.19'. 1.
19'-.;'.
19' '.
19bJ..
19' -:.
4.084.023.903.954.00
5.794.384.41
4.354.334.264.40
Monthly series - averages of daily serie;"
PeriodTree surybonds 1/
Moody'
3
Aaacorporatebonds
Treasurybonds 1.^
Moody'
s
Aaacorpoi'ate
bonds
Trea surybonds 1..'
Moody'
s
Aaa
corporatebonds
T'-ei.-ury
lonl? 1
'
I''.july' s
Aaa
coj-porate
bonds
Treasurybonds 1/
Moody'
s
Aaacorporatebonds
Treasury
bonds 1
^
Moody'sAaa
corporatebonds
January.
.
February
.
March. . .
.
April. . .
,
MayJune
JulyAugust. .
.
SeptemberOctober.
.
November
.
December
.
January ,
.
February
.
March. . .
.
April ....
May
June
JulyAugust. .
.
SeptemberOctober.
.
November.December.
19552.68 2./
2.782.78 2'2..?2
"
2.812.82
2.91
2.952.922.372!892.91
2.993.323.-1
3.05
3 . 06
3.11
3.133.103.10
3.15
1956
2.882.85
2.93 i/3.072.972.93
3.00
3.173.213.20
3.303.40
3.113.083.103.243.283.27
3.233.43
3 . 59
3.693.75
3 . 2';.
3.c33.66 2/ 3/3.733.57 2/3.30 3/
1958
3.24 2/
3.283.25
3.12
3.143.20 2'
3 . 36
3.60
3.703.80
3.o7
3.9.")
4.104.124.10
3.60
3.593.633.60
3.67
3.854.094.114.09
3.923.924.014.084.09
4.114.104.264.11 1/4.12
4.144.134.234.374.46
4.474.434.524.57
1.53
3.813.78
3.803.733.88
3.904.004.023.983.984.0'-,
4.274.224.2^4.274.3?
4.41
4.454.454.42A. 39
3.923.933.97 2/
3.97^.00
4.01^.99
4.044 . 07
1960 1962
4.224.084.18 2/4.163.98
3.86
3.793.84 2/
3.913.933.83
4.614.564.494.454.464.45
4.414.284.254.304.314.35
4.08
4.094.013.39
3.883.90
4.02 2/
3.983.943.893.873.8"
4.424.424.394.334.284.28
4.344.354.324.28
4.24
4.154.144.184.204.164.13
4.1:'
4.144.164.1-
...1..
4.194.194.214.224.23
4.2'0
4.294.314.32
4.164.154.154.14 3/
4.14
4.154.194.254.284.34
4.414.424.434.444.46
1964 1966
4.374.364.384.404.414.41
4.404.414.424.42.'..43
4.434.614.634.554.574.63
4.75
4.744.784.924.964.985.07
5.16
PeriodTreasurybonds 1/
Moody's Aaacorporatebonds
PeriodTreasurybonds 1/
Moody ' s Aa
corporatebonds
Treasurybonds 1/
Moody ' s Aaa
corporatebonds
Weekly series - averages of daily series for weeks ending
1966-February 4
11,
18,
25.
March 4,
11.
18.
25,
1966^uly 1.
4.
5.
6.
7.
4.524.584.654.66
4.714.684.634.57
4.754.764.794.82
4.854.884.934.97
1966-Aprll 1.
8.
15.22.
29.
May 6.
13.20.
27.
4.544-524.554.574.58
4.594.544.554.60
4.994.984.954.95
4.95
4.944.955.015.02
196'^-June 3
10
17
24
July 1
8
15
29
19oc-July 2",
21,
22
25.
26,
27,
28,
29.
4.624.634.634.59
4.694.724.784.754.72
5.065.065.07
5.105.125.145.175.22
Daily series unweighted averages
4.73
4/4.734.724.724.73
5.12
4/5.125.125.125.12
19fab-July 11.12.
13.
U.15.
18.
19.
4.774.784.794.794.79
4.764.75
5.125.12
5.135.155.1b
5.165.17
4.74
92 Treasury Bulletin
AVERAO; YIELDS OF LONG-TERM BONDS
0)
August 1966 93
.INTERNATIONAL FINANCIAL STATISTICS,
Table 1. - U.S. Gold Stock, and Holdings of Convertible ForeignCurrencies by U. S. Monetary Authorities
(In millions of dollars)
End of calendaryear or month
Total gold slockand foreign currencyholdings
Gold stuck 1
Treasury Total 2/
Foreigncurrencyholdings 2/
1953
195i
1955195619571958
19591960
19611962
1963
196i.
1965
1965-JulyAugust. .
.
SeptemberOctober.
.
November
.
December.
1966-January.
.
February.
March. . .
.
April ....
MayJune
July p
091
,793,753058,857582
,507804063,156,808
,903,587
U,697U,953li,884U,795li,686
U,587
U,45014,18814,29714,190
14,21014,251
14,506
22,030
21,71321,69021,94922,78120,53419,45617,76716,88915,97815,51315,38813,733
13,85713,85713,85813,85713,80513,733
13,73213,73013,63413,632
13,53213,433
13,332
22,091
21,79321,75322,05822,85720,58219,50717,80416,94716,05715,59615,47113,806
13,96913,91613,92513,93713,87913,806
13,81113,81113,73813,668
13,58213,529
13,413
116
99212
432781
7281,037959858807781
639377
559522
628722
1,093
Note: The United States also has a gold tranche position in the Interna-
tional Monetary Fund, amounting to $642.2 million as of July 31, 1966.
In accordance with Fund policies the United States has the right to
draw foreign currencies equivalent to this amount from the Fundvirtually automatically if needed. Under appropriate circumstances,the United States could draw additional amounts equal to the UnitedStates quota of $5,160 million.
1/ Includes gold sold to the United States by the International MonetaryFund with the right of repurchase, the proceeds of which are investedby the Fund in U.S. Government securities; as of July 31, 1966, thisamounted to $800 million. Of this amount, the United States purchased$200 million in 1956, $300 million in 1959, and $300 million in I960.
2/
2/P
Beginning September 1965 includes gold deposited by the InternationalMonetary Fund ($182.7 million as of May 31, $182.9 million as of June30, 1966, and $183.9 million as of July 31, 1966) for the purpose ofmitigating the impact of gold payments to the Fund for quota increasesby countries which purchased such gold from the United States. TheUnited States has a corresponding gold liability to the Fund.Includes gold in Exchange Stabilization Fund, which is not includediji Treasury gold figures shown in daily Treasury statement. (Dataas of December 31, 1965 and earlier dates for Treasury gold stocK
taken from Circulation Statement of United States Money.)Includes holdings of Treasury and Federal Reserve System.Preliminary.
Table 2. - U. S. Treasury Nonmarketable Notes and BondsIssued to Official Institutions of Foreign Countries
End of calendaryear or month
Amount outstanding
Payable in foreign currencies
Aust r-ia Pelgium ijermany Italy tzerlani 1/
Payable in dollars
Canada 2/ Italy
1962
1963
1964
1965
1965-JulyAugust. . .
,
September.October. .
.
November .
.
December.
,
1966-January . .
.
February.
.
MarchAprilMayJune
July
251
7301,0861,208
1,2591,2591,2591,2081,2081,20'^
912839
789713640589
490
50
50
101
101
101101101
101
101
101101
101
75
7575
75
(Dollar equivalent, in millions)
30
30
30
30
30
30
30
30
30
3030
3030
3030
30
275679602
653653653603602
602
452401351
301.?51
200
150
200
200
125
125125125125
125
125
125125125125125125
125
51
175
327
350
350350350350350
350
205182182182
158158
110
163
354484
354
354354354
399
484
484484524
524517512
512
125
329
299
329
329329329
299
299
299299299299
299299
299
13
160
75160
160
160200200
193188
1?8
25
25
25
25
252525
25
25
25
25
25
25
2525
25
Note: For complete information on U.S. Treasury securities (nonmarket-able) issued +.0 official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
1/ Includes bonds payable in Swiss francs to the Bank for International
Settlements. Amounts outstanding were $70 million. May 1964 through
June 1965, and $93 million, July 1965 through December 1965.
2,/ Includes bonds Issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965, and $174
million, November 1965 through latest date shown.
94 Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS.
Table 3. - U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at $35 per fine Iroy ounc; negiUve figures represert iv- < y the Unit«i S' >-^Ltive figures, n-^t acquisitions)
Area and country
Ca] r^ndar ye'nv
1961Jai].- .'ul/-
Seo'.
19fctj
Jan,-Mar.
Western Europe:AustriaBelgiumDenmarkFranceGermanyGreeceItalyNetherlandsSpainSwitzerlandTurkeyUnited KingdomBank for International Settlements.,..Other
Total Western Europe
Canada
Latin American Republics:ArgentinaBrazilColombiaMexicoPeruVenezuelaOther
Total Latin American Republics
Asia:
JapanOther
Total Asia
Africa ;
Total Africa
Other countries:Total other countries
Total foreign countries
International and regional organizations
Grand total
-IW-35
-;'3
-10
100-25-156-125
-2
-306-23-1
75i
-90-2
-6
-12
-109
-970
150
-820
-146102-1
-''f>7
-1,10 5
IQO
85
57
38
-93
-93
-833
-130
2
329
-1
-3072
-11
12
-392
-392
-:no
-60
-3e
1
61
«
54
3
-31"-
-180
2":
29
17
August 1966 95
.INTERNATIONAL FINANCIAL STATISTICS.
Table 4. - Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
96 Treasury Bulletin
j:nternatiomal financial statistics.
Table 5. - Liabilities to F(»-eign Official Institutions and International and Regional Organizations 1/
August 1966 97
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 1934., Execu-
tive Order 10033 of February 8, 19-^9, and Treasury regulations
promulgated thereunder. Information on the principal types of
data and the principal countries is published monthly in the
"Treasury Bulletin." Reports by banks, bankers, securities
!brokers and dealers, and nonbanking business concerns in the
I United States are made initially to the Federal Reserve Banks,
which forward consolidated figures to the Treasury. These
' statistics are consolidated by the Treasury and published as
promptly as possible.
The reporting forms and instructions used in the collec-
tion of the statistics have been revised a number of times.
The most recent revision became effective with reports' covering
data as of May 31, 1963.1/ A detailed description of the
content of the statistics, including the changes instituted,
appeared in the July 1963 issue of the "Treasury Bulletin,"
pages 79-81. As a result of changes in presentation intro-
duced in that issue, not all breakdowns previously published
will be exactly comparable to those now presented.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domi-
ciled. Data pertaining to branches or agencies of foreign
official institutions are reported opposite the coxmtry to
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
the classification "International," "European regional," or
"Latin American regional," as appropriate, except for the
Bank for International Settlements and the European Fund,
which are included in the classification "Other Western
Europe .
"
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less, without
deduction of any offsets. "Long-term" refers to obligations
having an original maturity of more than one year, and in-
cludes securities having no contractual maturity.
Exclusi ons
The data published herein do not cover all types of
capital movanents between the United States and foreign
countries. The data reported to and published ty the Treasury
Department exclude entirely the intercompany capital trans-
actions of business enterprises in the United States with
their own branches and subsidiaries abroeid or with their for-
eign parent companies; such transactions are reported by
business firms to the Department of Commerce. Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports . Certain capital trans-
actions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports. Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments
.
The liabilities data exclude nonnegotiable, noninterest-
bearing special notes of the United States held by the Inter-
American Development Bank and the International Development
Association.
The data on securities transactions and on foreign
holdings of U.S. Goverrment bonds and notes exclude non-
marketable U.S. Treasury notes, foreign series, and non"-
marketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section. Table
2).
Presentation of statistics
Data collected monthly on the Treasiiry Foreign Exchange
Forms are published in three sections. Section I provides a
summary of the principal data by period; Section II presents
data by country and by period; and Section III shows detailed
breakdowns of the latest available preliminary data.
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
J Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs, Operations and Statistics, Office ofthe Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federal Reserve Banks.
98 Treasury Bulletin
CAPITAL MOVEMENTS
.
Section I - Summary by Periods
Table l.-Net Movements of Banking Funds and Transactions in Long-Term Securities with Foreigners 1/
August 1966 99
CAPITAL MOVEMENTS
.
Section I - Summary by Periods
Table 2. - Banking Liabilities to and Claims on Foreigners i/
(Position at end of period in millions of dollars)
End of calendaryear or month
Short-term liabilities to foreigners
Total
short-termliabil-ities
Payable in dollars
Foreign coxintries
Officialinsti-tutions
Foreignbanks
Otherfor-eigners
Inter-nationalandregional
Payableinforeigncurren-cies
Totallong-termliabil-ities
Short-term claims on foreigners
Totalshort-termclaims
Payable in dollars
Loans to:
Officialinsti-tutions
Foreignbanks
Otherfor-eigners
Otherclaims
Payable
inforeigncurren-cies
Totallong-termclaims
19i51946
19471948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
19591960
1961
1961 i/...19621963
1964 8/2/
1965 10/
19ti5-June
JulyAugustSeptember. .
.
OctoberNovember. . .
.
December _1_1/
1966-JanuaryFebruary 12/March 12/...April 12/May p 12/...
June p 12/ . .
.
,883
,480,,116,
,713
,618,
,644,
,302,
,546,
,648,
,918,
,600,
,939,
,158,
159,
,388.
,271.
450,
4,179.03,043.71,831
2,8362,9073,615
3,5474,6545,6666,7706,952.88,045.4 4/7,916.6 4/8,664.99,154.3
10,212.310.893.210,893.311,915.312,436.9
2/
H2/2/2/
2,064.02,528.22,569.82,529.32,530.42,943.13,362.9 4/3,413.0 4/3,460.54,601.14,704.85.299.55,380.45,251.05,713.0
7,213.4 8/
7,359.7
7,159.b7,388.57,824.87,840.18,087.77,817.4
7,359.7
7,674.37,741.97,759.1
7,872.67,932.88,064.9
2,6782,9222,972,
2,947,
3,0011,3921,513,
1,675,1,779,1,805,
1,783,2,029,
2,252,
2,430,2,398,2,229,
2.3552,356,
2,564,3,046.
3,376,
473.72,262.01,864.31,657.81,527.81,641.1
1,584.91,629.41,769.91,881.11,452.11,517.3
1,544.03,158.14,011.83.751.7
25.
40,
49.70,
51.
U.72,
61,
43.
43,
40.
48,
59.
59.
77.
113.
150, 6/
4 6/1 6/
,9 8/
.9
1.44.61.0
.7
1.01.2
2.31.8
2.72.81.2
9.91.6.8
7.52.2
392.
708.
948.1,018.
827.
893.
968.
1,048.904.
1,386.
1,548.1,945.2,199.
2,542.2,624.
3,614.
4.762.
7386
8785.2243.0160.9176.6241.9400.7350.9290.3328.5
100.3
319.6292.9361.2
222.7151.1177.2
122.9156.5206.5328.1
405.4385.5
439.4497.6524.3699.4
104109131
109142
235330303
42746O482617522;
641,773.
P.054,
245.0290.5490.6557.1
494.3328.7503.4627.9451.5584.1
660.0883.8
1,121.6
1,076.71,098.21,837.82.531.1
47.598.1
165.4100.4110.8240.691.8
78.4101.6211.0
163.9149.6147.3197.7217.2479.6585.6
175.6140.7227.5187.7
216.7390.4403.9
U0.5324.9440.9670.9839.4
1,173.8
1,362.11,545.11,698.42.033.82,033.82,160.43,029.8 7/3.971.4
532,018,967
,873 48/13,220.3
3,751.75,144.54, 037.1
3 8/4,973.5
150143134.
89
2.2
7.369.4
310.
J
4,820,5,163,5,974,
7,469.
328.5358.9186.0
223.3
29,071.8
27,780.727,862.123,540.128,912.029,233.629,171.1
29,071.8
29,277.2
13,065.9
12,200.611,747.812,058.912,326.212,403.212,578.9
13,065.9
12,550.129,153.912/12,156.729,266.212/12,157.629,517.912/12,230.529,718.63^712,459.429,681.012/12,333.1
3,537.2
3,471.43,483.33,484.83,503.03,545.83,591.6
3,587.2
3,592.03,657.83,675.8
3,712.23,694.33,746.0
4,999.6
4,847.75,145.55,058.35,125.05,096.15,084.6
4,999.6
59
101
97.
113,
117,
100,
98,
4
3
7
8
5
59.3
5,095.3 365,
5,209.712/387,5,292.212/381,5,296.612/405.5,195.512/436.5,081.412/455.
5
9
4 6/97
5 6/
513.8
505.0
446.3
U7.2454.3419.0466.5
513.8
515.2510.8568.7726.0
842.1965.1
7,9577.6317,7277,7577,5697,5417,4987,3917,485
7,631
2 2/220.7 I 271.2
709.2952.6954.9
1.373.6
'271 .2
230.9241.4233.5239.2264.8251.3
271.2
1,402.51,565.9
1,149.8
2,573.92,652.93,429.4
1
4.158.8
7,727.6n/271.27,553.37,467.87,584.07,468.17,551.37,639.4
1,567.11,475.91,422.01,458.51,467.61,440.11,535.5
1.565.9
,130.
1,129,
1,147,
1,139,
1,128.
1,106.
1,101.
1,100.
4,559.64,190.2
586.3
557.1630.8
659.0
259.1225.7232.5222.0225.3245.0
1,567.11,497.91,496.91,507.81,425.21,520.1
1,585.3
1.130.4
1,129.41,107.21,091.41,123.4
068.61,083.1
1,073.9
47257:
4,337.24,233.84,211.54,152.54,089.04,095.5
4.190.2
624.5474.0
4,267.84,213.74,217.84,275.64,346.34,308.1
,265.9
566.2532.9509.3532.8496.2502.8
474.0491.9475.4436.0444.7406.0414.7469.2
4,284.7 2/
4,516.0
4,545.14,532.84,557.74,586.54,574.64,567.3
4,516.0
4,440.64,418.04,389.1
4,417.54,429.54,401.0
1/ For exelusions see headnote on page 97.
2/ Included with "Other foreigners."2/ Included with "Other claims."4/ Beginning in August 1956 and also in April 1957, certain accounts
previously classified as "Foreign banks" are included with "Official
Iinstitutions."
15/ Differs from 1961 end of year data on the preceding line by inclusioni of liabilities and claims reported by a number of banks included in
Ithe series beginning December 31, 1961.
1(6/ Includes reported liabilities to foreign official Institutions begin-
Ijning October 1961. Figures for selected dates are as follows:
;end 1951. $46.3 million; end 1962, J47.9 million; end 1963, $30.1
Imillion; end March 1966, $317.2 million; end June 1966, $367.2 million.
\l/ Includes claims previously held but first reported as of tfey 31, 1963;
Ias of that date such claims amounted to $85.6 million. Also includesclaims amounting to $193.2 million reported by banks for the firsttime as of December 31, 1963, representing in part claims previouslyheld by banks but not reported.
18/ Short-term liabilities include a net increase of $50.8 million arisingfrom changes in reporting coverage, distributed as follows:"Official institutions" -$4.0 million, "Foreign banks" +$60.3 million,
2/
11/
12/
"Other foreigners" -Hf22,5 million, and "Payable in foreign currencies"-$27.9 million.
Data on claims below the line differ from claims above the line be-cause of the exclusion as of December 31, 196^ of $58.1 million ofshort-term U. S. Government claims previously included; and becauseof the addition of $5^5.9 million of short-term claims and $313.3million of long-term claims arising from the inclusion of claimspreviously held but first reported as of December 31, 196^, and fromrevisions of preliminary figures.See footnote 11.
Data on claims below the line differ from claims above the line be-cause of the addition of short-term claims held in custody fordomestic customers but reported by banks for the first time begin-ning December 31, 1965, and short-term claims reported by banksreporting for the first time.Short-term liabilities exclude $776.3 million letter of credit issuedby the U. S. Treasury Department to the International Monetary Fundin payment of the dollar portion of the U.S. quota increase whichbecame effective on February 23, 1966,Preliminary.
100 Treasury Bulletin
CAPITAL MOVmENTS ,
Section I - Summary by Periods
Table 3. -Purchases and Sales of Long-Term Domestic Securities by Foreigners!/(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Calendar year or month
U.S. Government bonds and notes 2/
Net purchases
Foreign countries
Official Other
Interna-tionalandregional
Corporate and other
Bonds 2/
PurchasesNetpurchases
Purchases SalesNetpurchases
Netpurchasesof ,
domestic^
securities'-
194619471948
194919501951
1952
1953
1954195519561957
1958195919601961
1962
1963
1964
1965
1966-January-June p.
1965-JuneJulyAugustSeptemberOctoberNovemberDecember
1 966-JanuaryFebruaryMarchAprilMay pJune p
414.5344.8282.4430.0
1,236.4673.6533.7646.0800.9
1,341.1883.4666.1
1,223.91,216.91,729.61,743.71,779.91,867.1
1,149.4
1,077.2
469.2
181.8
27.6100.7
19.718.3
240.615.3
18.8
153.815.813.9
188.778.2
684.2283.3330.3333.6294.3
1,356.6231.4728.0792.7812.1
1,018.3718.3
1,187.6528.0
1,603.01,231.52,507.91,196.2
1,487.1
1,153.0
769.4
167.57.4
92.313.962.3296.613.6
27.6
271.770.379.4
248.571.9
-269.761.5-47.9
96.4942.1-683.0302.3-82.0
8.2
529.0-135.0-52.1
36.3688.9126.6512.2
-728.0670.9
-337.7
-75.3
-300.2
14.320.2
8.3
5.9-U.O-55.9
1.6
-117.8
-54.5-65.5-59.8
6.3
-269.7-13.0-55.49.4
824.2-663.7292.7-96.7-60.0
561.7-204.9117.0
-236.7
523.9-97.9-20.0
-206.6369.1
-58.7
-19.6
1.1
-1.9
-11.0-8.1
-4.6
36.0
95.1
18.6
14.1
20.014.2
5.8-33.1-4.71.4
5.618.6-4.22.4
-9.1
5.3
74.57.5
87.0117.9-19.39.614.768.3-32.770.0
-169.1273.0I64.9224532
-521
301
-315
-151
5
2
48
2
2
-319.8
.2
.2
-4.0.1
.1
-43.1
.2
-9.8-136.4-50.3-67.9-50.6-4.8
2/2/2/2/
107.7120.0200.1212.8289.7324.7287.1310.2361.4368.8
AAZ.A316.9307.7255.7
460.7
675.0
797.1
48.338.816.6
46.030.361.6198.0
63.574.6
220.1
63.1
185.5185.3
2/2/2/2/
108.3
141.6188.5
197.4283.6296.0251.8258.9344.0296.2392.3416.
1
359.0246.4284.4
636.7
273.6
220.054.624.3
35.331.0
53.767.5
41.252.2
63.734.535.546.5
2/3/-.6
-21.611.7
15.36.1
28.7
35.351.317.372.650.1
-99.2-51.39.3
176.3
33.3
523.3
-171.6-15.8-7.810.7-.7
7.8130.5
22.322.4156.3
33.5150.0138.8
367.6226.1
369.7354.1666.9739.8650.2589.1
1,115.11,561.21,619.51,306.41,397.32,224.41,976.53, 06-;. 3
2,260.22,724.0
3,076.2
3,632.1
2,704.2
278.1
204.9217.9319.2404.2364.5445.6
407.6414.5433.7505.7530.7407.0
432.1376.7514.1
375.3664.06!9.5649.2533.9980.2
1,433.71,363.51,163.81,453.61,861.51,774.82,744.62,149.12,526.53,425.3
4,131.4
2,829.3
343.0300.7310.5357.7409.7399.7539.5
395.1
434.9480.0529.3540.2449.3
-64.5-150.6-144.3-21.2
2.9120.3
1.0
55.2
135.0127.5256.0142.6-56.3
362.9201.7322.7111.1
197.5
-349.1
-499.3
-125.0
-64.9-95.8-92.5-38.5-5.6
-35.2-93.9
12.6-20.4-41.3-23.6-9.5-42.8
-334.-89.
-192.
75.
944.-584.314.'
-11.
149.
685.2156.4141.8-2.7
1,124.4378.4735.7-668.2877.8
-510.5
-536.8
93.1
-222.2-91.5-91.9-21.9-50.2-83.338.2
26.1
-115.8
60.5-55.680.7102.2
¥jFor exclusions see headnote on page 97.Through 1949, Includes transactions in corporate bonds.
1/ Through 1949, Included with transactions in Unotes. p Preliminary. * Le
S. Government bonds andS3 than $50,000.
Table 4. - Purchases and Sales of Long-Term Foreign Securities by Foreigners(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Calendar year or month
Foreign bonds
Purchases Sales Netpurchases
Foreign stocks
Purchases SalesNet
purchases
Totalpurchases
Totalsales
Net purchases
{
of foreignsecurities
19461-947
19481949
19501951
1952
195319541955195619571958
1959I9601961
1962
1963
1964
1965
1966-January-June p.
1965-JuneJulyAugustSeptemberOctoberNovemberDecember
1966-JanuaryFebruaryMarchAprilMay pJune p
755.9658.7211.6321.2539.2500.4495.3542.5792.4693.3606.5699.0889.0945.6882.9801.9
1,093.3990.5
914.81,198.1
892.0
98.672.247.7289.2100.9
124.593.9
109.433.2
243.4105.6152.3198.1
490.4634.3291.4311.5710.2801.0677.4621.5841.3509.4991.5
1,392.01,915.11,457.6
1,U5.01,262.42.037.32,086.0
1,843.1
2,440.1
1,446.0
253.0144.996.7
4I8.9216.5213.0134.4
307.9189.5352.4232.2
155.8208.2
265.5
24.5-79.89.8
-121.0-300.6-182.1
-79.0-48.3
133.9-385.
C
-693.1
-1 ,u26.1
-512.0-562.1
-460.
4
-944.0-1,095.4
-928.3
-1,242.1
-55.;.0
-159.4-72.7-49.0
-129.7-115.7-88.5-40.5
-198.5-106.2-109.1-126.6
-3.5-10.1
65.257.1
81.783.8173.8272.3293.9310.1
393.3663.6749.2592.3467.2566.1
509.1
595.7702.0695.6
748.4
906.2
517.2
71.464.370.275.1
67.368.583.4
72.670.9100.487.7
94.491.2
65.6
42.696.770.3193.2348.7329.6303.4644.9877.9875.2621.9803.7803.8591.7965.6805.9644.3548.2616.6
453.7
36.440.243.853.852.3
50.570.8
65.1
75.5101.3105.0
55.251.6
-.4
14.6-15.018.0
-24.4-76.4-35.3
6.8-251.6-214.3-126.1-29.1
-336.4-237.7-82.6
-370.0-103.9
51.2
200.3239.5
63.4
35.024.1
26.421.315.1
18.0
12.6
7.4-4.6-.9
-17.3
39.239.6
821.2
715.9293.3410.1763.0772.7739.1852.7
1,185.31,356.91,355.71,291.31,356.21,511.71,392.01,397.61,795.31,686.1
1,663.2
2,104.2
1,409.0
170.0136.5113.0
364.3168.2193.1
177.3
181.9154.1
343.8193.2246.7289.3
556.16''6.8
385.2332.3908.4
1,149.71 ,007.0
924.91,436.11,387.31,866.32,014.02,718.82, 26-'.
5
2,036.72,228.02,843.22,730.32,391.3
3,056.7
1,899.6
294.4185.1
140.5•472.7
263.8263.5205.5
373.1
264.9453.7337.2211.0
259.7
265.1
39.0-94.827.8
-145.4-377.0-217.9-72.2
-300.4-30.4
-511.1
-722.1-1,362.5
-749.7
-6U.7-830.4
-1,047.9
-1,0U.2-723.1-952.5
-490.5
-124.4-48.6-22.6
-108.4-100.6-70.5-28.2
-191.1-110.8-109.9-143.9
35.729.5
p Preliminary.
August 1966
CAPITAL MOVEMENTS,
Section II - Summary by CountriesTable 1. - Short-Term Banking Liabilities to Foreigners:/
(Position at end of period in millions of dollars)
Country
Europe;
AustriaBelgiumDenmarkFinland
' FranceGermany
jGreece
jItaly
j
Netherlands
j
Norway
jPortugalSpainSweden
I
SwitzerlandTurkeyUnited KingdomYugoslaviaOther Western Europe
.
U.S.S.ROther Eastern Europe.
Total Europe
Canada
Latin America:
ArgentinaBrazilChileColombiaCubaMexico
PanamaPeruUruguayVenezuelaOther Latin American Republics..Bahamas and BermudaNetherlands Antilles and Surinam.Other Latin America
Total Latin America
Asia;
China Mainland.Hong KongIndia
IndonesiaIsrael
Japan
j
Korea' Philippines
Taiwan• ThailandI Other Asia
Total Asia
Africa;
Congo (Leopoldvllle)MoroccoSouth AfricaUnited Arab Republic (Egypt).Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries
International and regional;International 8/.
European regionalLatin American regional...
Total international and regional^.
.
Grand totals/'.
Calendar year
1962
329.1
177.467.0
73.21,156.62,729.9
118.91,383.8
2i8.2124.7160.6177.2
490.5907.525.2
1,608.610.5
351.7 2/2.6
13.5 i/
10,161.7
3,348.9
209.6204.1135.3148.314.7 V
531.198.2105.1101.1405.0264.7 5/122.8 6/
97.410.5 V6/
1963
365.5419.9160.799.3
1,478.33,040.7
188.4802.5360.1132.9191.4205.0409.1905.620.6
1,483.215.9
465.21.8
23.7
10, 769.
f
2,987.7
375.5179.2143.4169.310.9
668.8128.7158.2113.5590.7354.7135.993.315.4
2,448.0
35.765.341.428.581.3
2,195.2135.7174.575.2332.7278.6
3,444.1
35.267.9 6/41.513.9
160.5 7/
102 Treasury Bulletin
CAPITAL MOVEMENTS
,
Section II - Summary by Countries
Table 2. - Short-Term Banking Claims on Foreigners 1/
(Position at end of period in millions of dollars)
CountryCalendar year
1963 1964 1965 1/
1966
February April
Europe;AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU.S.S.ROther Eastern Europe
Total Europe
Canada
Latin America;
ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American RepublicsBahamas and BermudaNetherlands Antilles and SurinamOther Latin America ,
Total Latin America ,
Asia;China Mainland ,
Hong KongIndiaIndonesiaIsrael
JapanKoreaPhilippines ,
TaiwanThailandOther Asia
Total Asia
Africa:Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt).Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries
International and regional
Grand total
7.925.513.352.2
69.5121.29.196.833. i.
40.3
U.225.530.170.0
48.0236.86.622.9
15.7
939.1
637.8
188.0162.5187.5207.517.5
465.134.699.564.6
113.7134.541.88.8
15.8
1,741.6
1.711.017.3
.3
22,32,171.4
25.0113.2
8.052.370.9
2,493.3
.7
1.3
15.428.058.7
104.
48.49.3
57.7
1.3
5,974.9
10.541.827.585.279.0
159.39.3
108.939.142.519.039.647.197.436.4
318.814.820.2
20.3
1,216.7
724.6
209.9145.4187.9319.316.9
630.541.0101.976.5165.4222.157.717.819.7
2,211.
1.626.421.76.8
43.92,652.8
21.1
202.38.6
63.988.0
3,137.0
.6
2.0
19.342.355.9
120
August 1966
.CAPITAL MOVEMENTS .
Section II - Summary by Countries
Table 3. - Long-Term Banking Claims on Foreigners(Position at end of period in millions of dollars)
CountryCalRndar Tear
1963 1/ 2/ 196i 2/ 19o5
1966
February March April May p
103
June p
Europe :
AustriaBelgiumDeninark
FinlandFranceGermanyGreec e
ItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western Eiirope
n.s.s.Rother Eastern Europe
Total Europe
Canada
Latin America:ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics..Bahamas and BermudaNetnerlands Antilles and SurinamOther Latin America
Total Latin America
Asia :
China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa:Congo (Leopoldville) ,
MoroccoSouth AfricaUnited Arab Republic (Egypt) . . . .
Other Africa
Total Africa
Other countries :
AustraliaAll other
Total other countries,
International and regional
Grand total
101.257.1
53 .
3
41.733.7
135.'.
16. i
160.85.0
237.875.548.645.216.1
.7
37.'^
19.3
1,130.7 g/
289.8
86.2267.1
23.461.6
.6
322.425.72(3.0
31.1
56.664.243.74.91.7
1,015.3 2/
1.524.6
23.2248.5
1. 2
100.81.6
3.731.3
443.5 2/
28.2
15.5.1
69.1
112.9
104 Treasury Bulletm\
CAPITAL MOVBitENTS
Section II -
Table 4. - Net Transactions in U. S
( In thousands of dollara ; negative figures indicate net
Summary by Countries •
, Government Bonds and Notes by Foreigners 1/
sales by foreigners or a net outflow of capital from the United States)
Country
Calendar year
1963 196A 1965
1966throughJune p
1%6
January Febraary March April May p
Europe:AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU. S. S. R
Other Eastern Europe
Total Europe
Canada
Latin America:ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics .
,
Bahamas and BermudaNetherlands Antilles and SurinamOther Latin America
Total Latin America
Asia:
China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa:Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt).,,.Other Africa
Total Africa
Other countries:AustraliaAll other
Total other countries
Ipternational and regional;InternationalEuropean regionalLatin American regional
Total international and regional
Grand total
1,985588
-2,681-2,050
175
79-16
553
504
38,965-13
-IW39,405
247-19
-8,762
2,168
-90
70,894
296, 901
-141
64
33-41
139266-65
-335-41
-329-244-227
735
-186
26
-21
-76
1,694
652
-55
1,023
-19
2
-17
330, 574
-28,783
301,791
670,915
-599
98
1,570226
6-28
635-32,920
-13012
-89,3653,377
85,914
3,700
-85
-27,589
3,034
18516
5
5
-798-9,029
693-14126828
5441,038
-97
-7,289
33914
-230
12
20
-80-25
1,785
1,835
153
6,805
6,958
537
537
-307,840-50
-7,312
-315,202
-337,716
5
126-540-33
-926
204-24508
1,116-48,866
22
141-15,719
9,99817
139,205
784
-172
85,846
-14,280
2432-6
19
-647
138-76-28
114197709
1,130
1,606
-10
12
11
101
3,984
-61
1
-2,046
1,992
416
4
8
32
68
9
77
148,393
-2,722
151,115
-75,842
13
-407
-1,147
259-48-7
-329-1,1671,920
3
212-19
4,433
6,421
660
-10
10,787
10,267
-76-3
-5
25813
-27-7
83-70
-1,44644
-63
-1,299
-116
2025
-123
-6
319,917
215
319,702
300,166
10
5
-191
71
1
-2
-478-138
-4,560
3
4
1,030
902
620
-2,723
2,505
-38
-27
29-25
1,258-5
5
1,136
-9,995
243
16-972
2846
5
-219-10
405
11,371
117
11,003
7,468
-70
189-48
4
-6
10
10
135,355
-1,000
136,355-9,752
-8,786 -117,824
3
-422152
85-3
-3-2
-704
15
-10
9
314
-1,554
-2,116
-2,646
-1
-4-5
2481
-12
267
494
20
24
-50, 500
22 3
-50,277
-54,494
-44
-108
4
61
-45
-2
206
2,443
-25
-22
-68,000
-67, 903
-65,527
-6
-92
-41
-14-2
81-61
-28
220-18
1,181
-10,903
-56
-10
2,490
August 1966 105
, CAPITAL MOVmENTS
.
Section II - Summary by Countries
Table 5. - Net Transactions in Long-Term Domestic Bonds,Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Country
Calendar year
1963 196^ 19651966throughJune p
1966
January February March April May p
Europe;AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomrugoslaviaOther Western EuropeU.S.S.ROther Eastern Europe ,
Total Europe
Canada
Latin America;ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics..Bahamas and BermudaNetherlands Antilles and Surinam,Other Latin America •
Total Latin America ,
Asia;
China Mainland,
Hong Kong,
IndiaIndonesia
,
IsraelJapan
,
KoreaPhilippines
,
Taiwan,
Thailand,
Other Asia,
Total Asia,
Vfrica;
Congo (Leopoldville),
Morocco,
South Africa,
United Arab Republic (Egypt).,..,Other Africa
,
Total Africa,
Other countries;Austral ia
,
All other,
Total other countries,
International and regional:Internet ional
,
European regional,
Latin American regional ,
Total international and regional.
Grand total,
-19-927
-1,5^514,804
-110
-334-1,12811,2S^:
33,345
-51,B4^
-70
SI
19
1
1,28420
-1481700-1 I-
V^
l,78o
1,153 !
ITi:.
-18
6,143
?/
106 Treasury Bulletin
CAPITAL MOVaffiNTS ,
Section II - Summary by Countries
Table 6. - Net Transactions in Domestic Stocks by Foreigners
{In thousands of dollars; negative figures indicate Aet sales by foreigners or a net outflow of capital from the United States)
Coxintry
Calendar year
1963 196^1966throughJune p
January February April May p
Europe;Austria
,
BelgiumDenmarkFinland ,
France ,
Germany ,
GreeceItalyNetherlands ,
Norway ,
PortugalSpainSweden ,
SwitzerlandTurkey ,
United KingdomTugoslavia ,
Other Western EuropeD.S.S.ROther Eastern Europe ,
Total Europe
Canada ,
Latin America:Argentina
,
BrazilChileColombia ,
Cuba ,
Mexico,
Panama,
Peru ,
UruguayVenezuela ,
Other Latin American Republics...Bahamas and Bermuda
,
Netherlands Antilles and Surinam,Other Latin America, ,,,, -
Total Latin America,
Asia;
China Mainland,
Hong KongIndia ...-
,
IndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa;Congo ( Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt)....Other Africa
Total Africa
Other countries:AustraliaAll other
Total other countries
International and regional:InternationalEuropean regionalLatin American regional
Total international andregional
Grand total
1,963-10,960
-6^1
-891
-9,006-?,370
-327
5,00i3,075
-1,^1215,595
589
-267-25,393
^59196,396
362-1,30^
660 1/
166,037
5,132
2,i6l
3,0072,2^91 . nq?
-136-777
-1,300
897
3-i7
-1,055
1,160 2/2/
2,369-1,680 2/
3,639
-118
3,227
1U-B9
A72615
-A5396-8
696,282
10,915
3A
1/6/;
768
1/
i/
August 1966 107
.CAPITAL MOVEMENTS .
Section II - Summary by CountriesTable 7. - Net Transactions in Long-Term Foreign Bonds by Foreigners
( In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States
Country-
Calendar year
throughJ 'one p
1966
January- February March April May p
Europe;AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited Kingdom
,
YugoslaviaOther Western Europe
,
U. S. S. ROther Eastern Europe
,
Total Europe,
Canada,,
Latin America;Argentina
,
Brazil'Chile
,
Colombia,
CubaMexl CO
,
Panama,
Peru,
Uruguay,
Venezuela,
Other Latin American Republics. .
.
Bahamas and Bermuda,
Netherlands Antilles and Surinam,Other Latin America
,
Total Latin America
Asia:
China Mainland,
Hong KongIndiaIndonesia^IsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa;
Congo (Leopoldvllle)MoroccoSouth AfricaUnited Arab Republic (Egypt)Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries
International and regional;InternationalEuropean regionalLatin American regional . , ,
Total international andregional
Grand total
-5,0U3,867
-56,627-10,89956,87710,9A8-1,006
-28,3992,125
-46,623-63
3,5-C3
-3,037
56, 5U-3
-23,6A7
-2,704 1/
3,269281
-4,133-25,01716,81718,i35
10
-2A,509-8,909
-17,379-3,9736,318
10,32186,881
142
18,555-6
332
-19
-43,675
'i^,?!?
9,1243,298
541
2,349
-28,413-8,325
-23
1,6791,923456 2/
2/I1,631I
-9,974 2/
77,416
31
11,1072,8711,0933,205
-41 , 596218108
3,282868
-16,222-1,423
220
1,243
-50-1,068
930-52
-61,477-130,363
-1,7921,0522,509
13,060
-177, .?S1
1'9,435
J 26
1,497-1,402
-1
-90,6496,769
-9,85950
7,5002,181
-83,914
-6
-9
4,636-1
2,323
6,943
-22,2435,019 2/
18,2072,886
789 i/ 21,093
-105,2708, W7
-96,673
1,095,440
23,850-17,445-147,506
-141,101
-928,320
1,2479,787-8,855-25,84223,8879,138
1510,5223,488
-4,073-20,004
-281
-34,24485,147
-147-43,759
-29,588
102
-23,460
238
-6,5342,6331,2331,788
-4
-31,0191,661
8012,852
-5,017208
-2,688-1,981
883
-35,184
8375
-22
-76,273-48,250
-14,124-1
6,990-10,675
-141,513
2
9
4,476-2
-1,076
3,409
-42,291-14,996
-57,287
-153,219-11,573
-164, 7Q2
-1,242,065
1,70837,6472,267
20/;
16,5992,077
30, 571-2,570
-307
4909,806
75839,832
-1,321500
-50,242
88,021
-523, SA6
-14,11711,4871,644
388
13,553678
-336
1,4291,713
-1,104-14,5152,420
364
3,b0<i
4051,010
-22,765
3,490
-506
1,00010,00016,492
9,126
2,038
4,681
6
108 Treasury Bulletin
CAPITAL MOVMENTS
Section II - Summary by Countries
Table 8. - Net Transactions in Foreign Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of canital from the United Statps)
Country
Calendar year
196i 19651966throughJune p
1966
January February March April May p
Europe;AustriaBelgiumDeniDark
FinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU.S.S.ROther Eastern Europe
Total Europe
Canada
Latin America':
ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics.,Bahamas and BermudaNetherlands Antilles and SurinamOther Latin America
Total Latin America
Asia;China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa;
Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt)....Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries,
International and regional;InternationalEuropean regionalLatin American regional
Total international and regional
Grand total
108
2,474-251
-i3,iOi6,331-202
4,604-4,340
48740
-1,918405
-10,316-86
25,012-1
123
3 1/
-5,381
130,041
492244
-1,857-62
187-326
88
113 2/
2/722
555 2,/
203
504-1,510
15-4,030-68,958
202-367-210-27
-512
-74,893
17
2/1,217
124
1/
1/
August 1966 109
CAPITAL MOVatENTS ,
Section II - Summary by Countries
Table 9.- Estimated Holdings of U. S. Government Bonds and Notes
(Position at end of period in millions of dollaral
Country
Europe:AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU. S. S. ROther Eastern Europe
Total Europe
Canada
Latin America;ArgentinaBrazilChileColombiaCuba
MexicoPanamaP eru
UruguayVenezuelaOther Latin American Republics..Bahamas and BermudaNetherlands Antilles and SurinamOther Latin America
Total Latin America
Asia:
China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa;
Congo ( Leopoldville)Morocco ,
South AfricaUnited Arab Republic (Egypt)....Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries
International and regional:InternationalEuropean regionalLatin American regional
Total international and regional
Grand total
On basis o'*' 196n survey
December
1962
16
1
871
1
9383
370
339
15
33
3i
50
79 S
112
911
1963
1
13
1261
1
133
83
361
50
788
686
2
5
16
33
36
51
1 ,129
8A_
1,213
2,781
On basis of 1963 survey
1963
U1
61
131
75
328
i5
7
2
10
2
3
15
32
3q
i7
1,135
8i_
1 ,213
2 , 742
196A
U1
7
1
79
2
16
10
i9
16
16
1965
827
76
903
2,/,05
Note: Data represent estimated official and private holdings of U.S.
Government securities with an original maturity of more than one
year. (For exclusions see headnote on page 97.) Annual and month-
ly data are shown in this section beginning with the February 1964
issue of the Bulletin. For quarterly data see Section iV, Table 2,
through the June 1964 issue; and "International Financial Statis-
tics," Table 4, beginning with the September 1964 issue. Data as
of December 31, 1962-63 are on the basis of a November 30, 1960
survey and regular monthly reports of securities transactions (see
Table 4). Data for December 31, 1963, also are shown on the basis
14
1
71
7
807
676
1
1
9
1
2
417
1966
February
38
51
1
679
74
752
,329
13
1
7
1
1
6
44
249C'
56o
50
7
815
I
1
1
2
6
17
1s
1a
9
2
38
51
16
16
533
73
13
1
7
1»
1
5
45»
2
2491
564
50
813
683
1
1
1
1
2
6
17
28
38
51
16
16
483
73
April
13
1
7
1
1
5
45»
2
2491»
567
50
7
815
683
May p
131
7
1K
1
5
U»
2
2492»
556
50
806
685
If
110 Treasury Bulletin
CAPITAL MOVEMENTS,
Section III - Preliminary Details by Countries
Table 1. - Short-Term Banking Liabilities to Foreigners as of June 30,19661/
(Position in thousands of dollars)
Country
Europe :
AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU.S.S.ROther Eastern Europe
Total Europe
Canada
Latin America :
ArgentinaBrazilChileColombiaCubaMexicoPanama -
,
Peru,
Uruguay,
Venezuela,
Other Latin American Republics...,Bahamas and BermudaNetherlands Antilles and Surinam.
,
Other Latin America,
Total Latin America
Asia :
China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThai landOther Asia
Total Asia
Africa :
Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt)Other Africa
Total Africa
Other countries :
AustraliaAll other
Total other countries
International and regional :
international ^ . .7European regionalLatin American regional
Total international and regional..
Grand total 4/
Totalshort-termliabilities
Short-term liabilities payable in dollars
To foreign banks and official institutions
205,699377,894320,56772,488
1,142,4861,755,937
136,8521,518,585229,779328,308284,597114,912687,961
1,610,15720,661
3,139,887
20,937353,024
1,95028,c)20
12,351,601
2,171,181
485,297325,395195,268181,848
9,594598,007156,003247,317179,317699,527533,649180,571
130,66818,654
3,941,115
34,125113,944123,913
49,487118,094
2,923,782119,033329,220228,201
575,962880,967
5,496,728
8,60522,03867,36523,323
212,619
333,950
278,68526,359
305,044
4,971,57914,17795,643
5,081,399
29,681,018
202,600344,465310,09069,063
1,063,5701 ,492,173
99,9181,480,818203,309294,933196,07062,454662,992
1,360,09217,717
2,829,91319,551
241 ,9241,807
26 , 789
10,980,248
1,867,942
231,945239,34664,63858,089
963
295,97618,68199,89253,527
295,700294,94582,470
45,9815,497
1,787,650
28,69252,551
108,348
45,942111,305,889,975117,211261,274212,884571,219801 ,835
5,201,236
6,34617,88660,481
22,474170,668
277,855
261,74121 ,409
283,150
4,971,48814,17795,624
5,081,289
25,479,370
Deposits 2/
52,682154,32876,772
42,598351,530273,16440,757373,347110,57487,122189,79057,314
122,504350,51917,609
2,206,0879,88276,4731,621
23,783
4,618,456
1,295,203
87,230152,91062,95657,462
963252,33015,63699,72052,818
295,478206,02668,21727,5755,494
1,384,815
28,692
4A,62838,22434,87863,905
,616,576115,119243,077165,532196,529510,659
3,057,819
5,83817,53060 , 1 30
14,195113,261
210,954
133,95414,737
148,691
231,26412,32920,611
264,204
U. S.
Treasurybills andcertif-icates
71,200106,058137,610
5,800539,362
1,069,31011,500
1,046,07079,59654,800
2,000
487,900182,862
512,3796,800
41,275
62
4,354,584
561,367
96,3385,075
22,900793
1 2 , 1 80
137,286
56,20010,90014,600
620,225
2,100
367,96393,969
1,165,957
7,05046,771
53,821
114,400
114,400
4,600,412
13,029
4,613,441
10,980,142 2/11,000,856
1/ For exclusions see headnote on page 97.2/ Grand total Includes $7,296,765 thousand of demand deposits and
$3,683,377 thousand of time deposits, but excludes negotiable timecertificates of deposit, which are Included in "Other."
3/ Grand total includes $1,534,335 thousand of demand deposits and$1,752,974 thousand of time deposits, but excludes negotiable time
78,71884,07995,70820,665172,678149,69947,66161 ,401
13,139153,0116,2803,14052,588
826,711108
111,4472,869
124,176186
2,944
2,007,208
11,372
48,37781,3611,682627
43,6463,045
172
709222
66,01913,4606,226
3
265,549
7,92313,924
16432,800
653,1742,092
18,19745,2526,727
197,207
977,460
508
356351
1,22910,636
13,080
13,3876,672
20,059
139,8121,848
61 ,984
203,644
3,493,37?
To all other foreigners
Total
3,07933,26810,406
3,39674,37856,35036,93237,53425,765
33,23288,51652,37424,888169,5262,944
271,8091,386
19,055143
2,131
947,112
280,981
253,28085,363130,585123,6918,631
300,002137,322147,255125,780
403,501238,48298,00384,68713,155
2,150,237
5,43361,221
14,462
3,5456,789
33,3521,822
67,57615,317
4,74277,624
291,383
2,2594,1526,467
835
41,647
55,360
15,8004,661
20,461
91
19
110
3, 74b, 144
Deposits 3/
3,05931,4538,4433,357
63,88950,991
35,45236,01622,06630,48188,17847,60423,19892,1782,924
118,9861,386
12,637
1432,093
674,534
239,841
250,42084,507
129,644121,724
8,421285,003111 ,077
140,702106,328
395,336230,29980,10960,62413,029
U. S.
Treasurybills andcertif-icates
10
3921,227
6,4282,929
9393640
2,0449
2-73
161
5,54220
14,249
304
28
34,658
19,485
2,017,223
5,25657,39114,461
3,5456,753
30,8931,816
65,18515,186
4,74176,746
281,973
2,2593,3166,405
83540,984
August 1966 111
CAPITAL MOVEMENTS
,
Section III - Preliminary Details by CountriesTable 2. - Short-Term Banking Claims on Foreigners as of June 30, 1966 1/
(Position in thousands of dollars)
Country
Totalshort-termclaims
Short-term claims payable in dollars
Total
Short-term claims payable in foreign currencies
Loans to:
Foreignbanks andofficialinsti-tutions
Other
Collectionsoutstandingfor ownaccount anddomesticcustomers
Accept-ancesmade foraccountof
foreign-ers
Other Total
Deposits of
reportingbanks anddomesticcustomerswithforeigners
Foreigngovernmentobligationsand commer-cial andfinancepaper
Eiirope;
AustriaBelgiumDenmarkFinlandFranceGermanyGreece «
ItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeD.S.S.ROther Eastern Europe
Total Europe
Canada
Latin America;ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics,.Bahamas and BermudaNetherlands Antilles andSurinam
Other Latin America
Total Latin America
Asia;
China MainlandHong KongIndiaIndonesiaIsraelJapan ,,,KoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa;Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt)Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries
International and regional;InternationalEuropean regionalLatin American regional
Total international andregional
Grand total
12
55
399272
198
15108
1
,7i9,708
,332
,23i,1^4,322
,332
,•11'''
2352333
A28
,7'"^
,101
,057,922
,602
417
1,282,919
642,627
196,06697,501169,104238,06516,400
722,38767,361186,20955,114
173,794205, U756,467
16,31020,879
2,221,104
1,72033,43523,9691,48488,798
2,728,05216,357188,80216,59569,321116,672
3,290,205
1 ,rjj:
iO,95'='
i?.,487
4?, 379
139,986
9 ^ 1^7
1,053
7,639,425
11,511
47,92638,20692,16662,945148,60215,18796,45729,74945,35134,15917.2,664
54,157t7,4447,773106,523,05630,^
4,59528,410
1,047,406
495,363
196,01596,917169,020237,10116,381
689,04167,061186,141
55,113169,341205,27455,19c
16,30,
20,797
,179,693
1,71533,35628,5911,483
88,7972,694,461
16,357137,52316,59569,302
1W,373
55
1,60639,58547,78£48,057
19
1,053
0,096
9,5166,322
13,32916,83138,9161,922
35,9658,431
16,94315,20519,02711,36317,69145,90933,96621,6733,150
4,33911,713
338,307
27,677
24,667
31,93128,14931,951
289,84635,55349,7U12,05829,07438,04917,664
57
1,664
590,377
727
16,92919,743
18
50,494561,935
418109,405
5,95516,42435,605
3,252,553 817,653
25564
13,95924,61912,042
137,591
112 Treasury Bulletin
CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
Table 3. - Long-Term Banking Liabilities to and Claims on Foreigners as of June 30, 1966
(Position in thousands of dollars)
August 1966 113
CAPITAL MOVEMENTS ,
Section III -Preliminary Details by CountriesTable 4. - Purchases and Sales of Long-Term Securities by Foreigners During June 1966V
(In thousands of dollars)
Country
Purchases by foreigners
Totalpurchases
Domestic securities
U. S.
Governmentbonds andnotes
Corporate andother
Bonds Stocks
Foreign securities
Stocks
Sales by foreigners
Totalsales
Domestic securities
U. S.
Governmentbonds andnotes
Corporate andother
Bonds Stocks
Foreign securities
Bonds
Europe
:
AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSuedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western Europe.n.S.S.ROther Eastern Europe.
Total Europe.
Latin America:ArgentinaBrazilChileColombiaCubaMexicoPanamaPeru ,
UruguayVenezuelaOther Latin American Republics...Bahamas and BermudaNetherlands Antilles and Surinam.Other Latin America
Total Latin America
Asia:
China Mainland.Hong KongIndiaIndonesiaIsraelJapanKoreaPhilippines.TaiwanThailandOther Asia.
.
Total Asia.
.
Africa :
Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt)
.
Other Africa
Total Africa
Other countries:AustraliaAll other
Total other countries
International and regional :
InternationalEuropean regionalLatin American regional
Total international and regional.
Grand total
1,341
1i,1301,346
30938,84620,004
278
11,99623,2668,986967
3,033
5,288171,300
53245,265
11,457
195
558,110
265,467
5,5381,458830
894
4,1965,225
5691,9775,882852
16,69811,816
720
56,705
3025,714
71
7,3362,891
35133
3216
14,095
50,353
26
26
209
4646
911
1,562525
25,676143
293
26,112
959,745
4
6,527
2,262
67,506
76,305
1,567
36
41
293
293
78 , 206
5
2,372433
4,8372,569
20
1,4662,974409
1972,41814,986
118,636
1 ,728
153,050
TIT954
24318
5
30
15
8313
131
9772
3,616
999103
5,425
711
_85
870
11 ,9-^0
11,920
185,276
1
4
2310
67
1
2
125
31
,021
,10747990
,551,277
249,136,771
,170
853,706813
,04641
,057
,550
195
223,117
104,211
1,730890752682
2,6844,089
4661,4194,897674
8,730
9,048527
36,538
30
24,66371
877
95335
103
2916
13,398
40,175
24
26
107
4477
638
140136
276
1 ,937
1,987
406,992
2875,520426219
5,3592,939
3,6821,002847114
41
1,31522,682
18,858
1,153
64,449
102,946
3,46241597159
1,294952
385716
96786
1,52686
9,974
113
6,436286
201
7,036
lU Treasury Bulletin
CAPITAL MOVEMENTS
.
Section IV - Supplementary Data by Countries
Table 1. - Short-Term Liabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of doJl^rs)
Country
laAi
March June 1/ September December 2/
1965
June September December
Europe:
Austria
BelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU. S. S. ROther Eastern Europe
Total Europe
Canada
Latin America ;
Argentina
BrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezualaOther Latin American Republics..Bahamas and BermudaNetherlands Antilles and SurinamOther Latin America
Total Latin America
Asia;
China MainlandHong KongIndiaIndonesiaIsraelJapanKorea
PhilippinesTaiwanThailandOther Asia
Total Asia
Africa;
Congo (Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt)....Other Africa
Total Africa
Other countries:Au."5tralia
All other
Total other countries
international and regional;InternationalEuropean regionalLatin American regional
Total international and regional
Grand total
2,29219,1391,3221 ,082
31,33i32,167
2,i1626,353A3,i852,120
1,0326,839
6,93419,9354,342
110,036
6,051898182
901
318,910
67,588
6,10513,487
3,3555,816
200
10,51529,0275,281
1,48420,112
9,5691,9686,0574,669
117,645
1,7682,377
14,0363,1792,341
23,412669
4,826722
80521,909
76,044
1,046304
8,9544,0536,255
20,612
August 1966 115
CAPITAL MOVmENTS
Section IV - Supplementary Data by Countries
Table 2. - Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars.)
Country1964
September December 1/
1965
March Jane September December 1/
1966
March p
Europe;AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugal .•
SpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western Europen.s.s.Rother Eastern Europe
Total Europe
Canada
Latin America:ArgentinaBrazil
ChileColombiaCuba
MexicoPanamaPeruUruguayVenezuelaOther Latin American Republics,.
,
Bahamas and Berimida
Netherlands Antilles and SurinamOther Latin America
Total Latin America
Asia;
China MainlandHong KongIndia
IndonesiaIsrael
JapanKoreaPhilippinesTaiwanThailand
,
Other Asia
Total Asia
Africa;
Congo (Leopoldville)MoroccoSouth Africa
,
United Arab Republic (Egypt)....Other Africa
Total Africa
Other countries;Australia
,
All other,
Total other countries,
International and regional;International
,
European regional,
Latin American regional,
Total international and regional,
Grand total,
5
19
6
5
6'
798
99296
10
4616
17
5
2792
6
497897562
189,050
405,712
,249,760
,476
,044,275
,555,240
,155
,653,600
,287377,352
7U,335
922,977
20
1252122
458
922
5
37
4220
49
,060
,037
,390
,060
,936,251839,114
,998,759,182
,153,652,182
403,013
29
5,07738,4355,0737,245
159, b87
4,37411,1324,3397,02551,411
293,827
2,1971,032
11,90612,77824,865
52,778
35,6605,792
41,452
194
1,061
2,430,043
4,94216,9146,3988,21450,27594,7809,640
89,78232,3716,5988,764
44,92318,67016,010
4,240407,123
2,8236,410
98
2,679
831,654
1,032,176
25,798128,30624,63925,3904,48264,1919,24123,2698,040
44,90946,50318,692
4,45610,013
437,929
13
6,83036,6004,4267,471
174,1704,582
14,054
5 , 0346,77154,860
314,866
5,0042,28510,90011,55927,303
57,051
33,3886,726
45,114
L.9
2,719,052
6,55s18,5246,2616,736
60,816139,8279,82894,82031,0947,6624,05642,14119,14321,6579,086
329,2443,2739,016
2982,227
822,267
1,057,075
30,471U4,51725,23424,5964,285
68,87911,93425,72410,021
45,78951,32511,4224,1509,548
467,895
191
8,55640,5114,3446,856
179,8144,201
11,4515,0515,435
60,092
326,502
6,1921,026
11,34612,65026,054
57,268
37,7600,869
44,629
59198
3
2a0
6,55918,688
6,2686,736
60,9H139,9669,828
94,87231,2597,6654,05742,14419,16321,6859,101
330,0013,2739,016
2982,227
823,720
1,125,774
30,484144,52325,23624,6034,29275,68311,93825,92710,021
45,84951,32611,4384,1509,566
475,036
191
8,57340,5114,3506,858
179,8484,20111,4715,0555,436
60,098
326,592
6,1921,026
11,36212,65126,054
57,285
116
August 1966117
CAPITAL MOVIMENTS
Section IV - Supplementary Data by CountriesTable 4. - Long-Term Liabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dolLars)
Country
Europe:
AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western EuropeU.S.S.ROther Eastern Europe , • . , ,
Total Europe
Canada
Latin America:ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics..,Bahamas and BermudaNetherlands Antilles and Surinam,Other Latin America
Total Latin America
Asia;
China MainlandHong KongIndia
IndonesiaIsrael
JapanKoreaPhil ippinesTaiwanThailandOther Asia
Total Asia
Africa:
Congo ( Leopoldvllle)MoroccoSouth AfricaUnited Arab Republic (Egypt)Other Africa
Total Africa
Other countries;AustraliaAll other ..'..'.'..
Total other Countries
International and regional
Orand total
March
272
5,438
683
52
82
1,U63J, 918
132
167
971,189
5,68550
/>7,911
8i,737
1,207
6<V1
62510
60
3334:19
19
U81,913
317
78
1,251
?,:ioi
38175
138
87
2,308
5
40
30
39
3,904
132
21:
216
142,987
1964
June 1/
4,520
673227
82
1,17332,079
135lt>;'
23
2,.802
6,06750
47,993
83,^73
9^3
503
47118
102
1568021
1?41,920
560
1,001
6,514
35036
138
1,603*
5
2
16
34
:,268
127
3
131
J
140,332 1/
September
4,510
472L46
831,201
31,289
136162
19755
6,02297
^4,392
57,960
673
4557815
60
192
85
46107
1,8958O4
1,201
5,611
350
9941388','
1,4845
2
17
3,077
1.",
128
ill,';.?;
December 2/
3,o&l
4662,306
831,266
29,803
136188
2
755
7,38437
46,087
55,337
oo441543265660
17585
51102
101275
1,201
4,217
U350
994138
93
45
2
13
1,611
128
129
107,386 2/
_L
3,691
567
2,35585
1,288
28,99925
133188
254758
7
9,50836
47,906
60,800
55o123
43266560129126
52982
103
2
1,112
4,360
12351999138
97
3
5
2
37
1,644
1-25
59
185
114,901
1965
2,720
566
2,55783
1,31628,009
30133161
1,106
8,97748
45,706
59,036
54497
33867260
134126
39273
133156
1,107
3,807
12350
1,01813899
5
3
1,641
12480
204
110,399
Note: Data are reported by exporters, importers, industrial and commer-cial firms, and other nonbanking concerns in the United States. Dataexclude intercompany accounts between firms in the United States andtheir affiliates abroad.The series beginning with June 1964 includes reports from firmshaving liabilities of $500 thousand or more; for previous series
_L
2,724
563
3,182691
1,36227,155
1
130
161
1,512
10,669
34
48,184
60,582
48897
36464060
183126
39596
216
705
3,374
12350998138110
1
5
3
2,318
3,935
121
49
170
3,934
5
3,989
120,234
September December 3/
1,817
6823,057
691
1,48929,727
1
130161
1,259
30,4002
31
69,447
5S,744r
50613932664760
201126419107
5
165
1,107
3,808
32
350387138
2
1
5
22
2,276
3,193
13120
151
2,375
5
2.380
137,723r 3/
1966
March p
300
1,812
636
3,U0691
1,59329,726
1130
161
12,722
51,47032
102,414
54,837
44811526964760
1,037165
387100
1
122
1,005
4,356
12
350332138
U1
5
23
2,189
3,114
13128
159
1,521
1,521
166,401
1/
the reporting exemption was $100 thousand. The amount of liabili-ties excluded as a result of this increase in the reporting exemp-tion is $2,854 thousand.
2/ Data include $936 thousand of liabilities reported by firms reportingfor the first time.
3/ Data include $2,077 thousand of liabilities reported by firm reportingfor the first time.
p Preliminary, r Revised.
118 Treasury Bulletin
CAPITAL MOVaCENTS ,
Section IV - Supplementary Data by CountriesTable 5. - Long-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of porio-^ ' n thcni::in'-l:^ of dollar?:)
196iCountry
Jun e September December 1/
1965
September- December 1/
Europe:AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpain
,
Sweden,
SwitzerlandTurkeyUnited Kingdom ,
YugoslaviaOther Western Europe ...
U.S.S.ROther Eastern Europe
Total Europe,
Canada
Latin America;ArgentinaBrazilChileColombiaCubaMexicoPanamaPeru
,
Uruguay,
VenezuelaOther Latin American Republics..Bahamas and Bermuda
,
Netherlands Antilles and Surinam,Other Latin America
Total Latin America
Asia:China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa:Congo ( Leopoldville)Morocco
,
South AfricaUnited Arab Republic (Egypt)Other Africa
Total Africa
Other countries:AustraliaAll other
Total other countries
International and regional
Grand total
2,002
7,U71 ,30
23 , 5a2,5U
11 ,866
12,054300
2,157
W35,365
36
13,3726, ''75
68,3391,212
76010
167
160,052
64,07i
72 , 77066,86810,0306,6336,74878,4894,4989,9291,3487,799
14,7058,1931,049914
289,973
375,065
10,11218,001
93,954155
47,4185,4141 ,025
11 ,923
193,194
1
44,3214,723
85,165
94,214
August 1966 119
, CAPITAL MOVEMENTS
,
Section IV - Supplementary Data by CountriesTable 6. - Foreign Credit and Debit Balances in Brokerage Accounts
(position at end of period in thousands of dollars)
120 Treasury Bulletin
CAPITAL MOVMENTS .
Section IV - Supplementary Data by Countries
Table 7. - Short-Term Banking Liabilities to Foreigners in Countries and AreasNot Regularly Reported Separately
(Position at end of period in thousands of dollars)
Country
December
1961 1962 1963 1964
April1965
December1965
April1966
"Other Western Europe "
Cyprus ,
Gibraltar ,
IcelandIreland, Republic ofLuxembourgMaltaMonaco
"Other Eastern Europe"AlbaniaBulgariaCzechoslovakia 1/EstoniaHungaryLatviaLithuaniaPoland 1/Rumania 1/Soviet Zone of Germany
"Other Latin American Republics "
Bolivia 1/Costa RicaDominican Republic 1/EcuadorGuatemala 1/HaitiHondurasJamaicaNicaraguaParaguayEl Salvador 1/Trinidad and Tobago
"Other Latin America "
British HondurasBritish West IndiesFrench West Indies and French Guiana.
"Other Asia"Aden and South ArabiaAfghanistanBahrainBurmaCambodiaCeylonIran 1/IraqJordanKuwaitLaosLebanonMalaysia j/NepalPakistanRyukyu Islands (including Okinawa)...Saudi ArabiaSingapore 2/SyriaTrucial StatesViet Nam
"Other Africa"AlgeriaCanary IslandsEthiopia (including Eritrea)French SomalilandGhanaGuineaIvory CoastKenyaLiberiaLibyaMalagasy RepublicMozambiqueNigeria"Portuguese West Africa"Somali RepublicSouthern Rhodesia ^/SudanTunisiaZambia /^
"Other countries "
New CaledoniaNew Zealand
657
August 1966 121
CAPITAL MOVEMENTS,
Section IV - Supplementary Data by Countries
Table 8. - Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1965
(In thousands of dollars)
Country
Purchases by foreigners
Totalpurchases
U. S.
Governmentbonds andnotes
Domestic securities [Foreign securities
Corporate andother
Bonds Stocks
Bonds Stocks
Sales by foreigners
Totalsales
U. S.
Governmentbonds andnotes
Domestic securities Foreign securities
Corporate andother
Bonds Stocks
Bonds Stocks
Europe;AustriaBelgiumDenmarkFinlandFranceGermanyGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited KingdomYugoslaviaOther Western Europe.0. S. S. R
Other Eastern Europe.
Total Europe.
Latin America:ArgentinaBrazilChileColombiaCubaMexicoPanamaPeruUruguayVenezuelaOther Latin American Republics...Bahamas and BermudaNetherlands Antilles and Surinam.Other Latin America
Total Latin America,
Asia:
China MainlandHong KongIndiaIndonesiaIsraelJapanKoreaPhilippinesTaiwanThailandOther Asia
Total Asia
Africa:
Congo ( Leopoldville)MoroccoSouth AfricaUnited Arab Republic (Egypt).Other Africa
Total Africa
Other countries;AustraliaAll other
Total other countries...
International and regional;InternationalEuropean regionalLatin American regional
Total international and regional.
Grand total
15
121
22
298225
2
99296
9521
3679
1,581
1,371
51
,078,160
,733990,603,586
,571,696413,685
,1U.i56,338,223928
,50563i,806
1,209
i, 323, 358
2,011,930
27,78215,47510,32212,325
420
73,84256,3389,959
27,44.8
55,67510,56183,47485,1222,967
471,710
36
126,69811,428
17122,78339,803
115
2,3242,440
12,498105,995
324,291
405946
6,719194
15,735
23,999
31,1328,819
39,951
257,5687,82727,803
293,198
7,488,437
5
137
3,494
1,416371
2
8422,262
38,06947373
23,16616,453
17
520,849
873
494
608,870
333,267
147
542
317200
16116190
32i4,3972,976
5
8,771
1070
10,014
1164,127
11
1
10,938
25,287
7426
4522
68
9
77
72 , 479
27,778
100,257
l,fi77,ls=.
4219 092
7707
22,98845,290
20
5,91112,07127,966
736
1,99122,22496,810
38
165,303
^143
415,681
2^2,399
69
62321327
1,9613,668
134529
1,114938
7,2725,485
79
23,000
2,525116
65538
4389126
4,819
9,023
303
383
52
24,455
24,455
2,444,'
11,57154,5242,189
258221,18288,9022,49356,194
136,3325,270
19,84721,7297,645
,232,589639
546,8273
36,431
363
666,597
18,90911,4205,6159,546
37835,51145,8207,83719,43138,6266,77736,80870,2261,864
308,768
22
116,369290168
6,0186,341
1151,470
538
45757,652
189,440
399800
1,054190
4,142
6
122 Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS.
September 1965 through August 1966
Issue and page nuraber
1365
Sept. Oct.
19b6
Apr. May July
Reporting bases
Article:Treasury financing operations
Summary of Federal fiscal operations
Administrative budget receipts and expenditures :
Receipts by principal sourcesDetail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expendituresSummary of appropriations and authorizations, expenditures, and
balances, by agenciesExpenditures and balances by functions
Expenditures by functionsDetail of excise tax receiptsSummary of internal revenue receipts by States, calendar year 1965
Trust and other transactions :
Summary of trust and other transactions
Trust receiptsTrust, deposit fund, and Government-sponsored enterprise
expendituresInvestments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfund transactions excluded from both net trustand trust expendituresFederal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement AccountUnemployment Trust FundNational Service Life Insurance FundInvestment of specified trust accounts in public debt securities,
by issues (latest date June 30, 1966)
Consolidated cash transactions ;
Summary of Federal Government cash transactions with the public...
Intragovernmental and other noncash transactionsFederal receipts from and payments to the public - seasonallyadjusted and unadjusted
Account of the Treasurer of the United States :
Status of the Account of the Treasurer of the United StatesAnalysis of changes in tax and loan account balancesSummary of cash transactions through the Account of the Treasurerof the United States
Gold assets and liabilities of the Treasury
Monetary statistics :
Money in circulation «
Debt outstanding :
Summary of Federal securitiesComputed interest charge and rate on Federal securitiesInterest-bearing public debtMaturity distribution and average length of marketableinterest-bearing public debt
Special public debt issues to U. S. Government investment accountsTreasury holdings of securities issued by Government agenciesInterest-bearing securities issued by Federal agencies but not
guaranteed by the U . S . Government
Statutory debt limitation
Public debt operations:Maturity schedule of interest-bearing public marketable securitieso ther than regular weekly Treasury bills
Offerings of Treasury billsNew money financing through regular weekly Treasury billsOfferings of public marketable securities other than regularweekly Treasury billsSecurities issued in advance refunding operationsAllotments by investor classes on subscriptions for publicmarketable securities other than regular weekly Treasury bills...
Disposition of matured public marketable securities other thanregular weekly Treasury billsForeign series securities (nonmarketable) issued to officialinstitutions of foreign countries
Foreign currency series securities (nonmarketable) issued toofficial institutions of foreign countries
II
A-1
1
1111
12
13
U15
17
13
19
21
22
2223
23
2425
26
27
28
3032
35
40
43
46
53
58
A-1
1
10
11
12
13
15
lb
17
la
19
202021
21
23
28
30
33-
38
41
44
'-1
56
A-1
I
10
11
13
U15
1516
17
18
23
25
2526
27
31
33
35
38
43
46
49
56
61.
II
A-1
1
1111
12
13
1920
2222
23
23
2425
26
3032
3540
43
4o
53
5-
II
A-1
1
10
10
11
12
16
17
13
19
212122
23
24
25
26
27
2931
3439
42
45
52
II
A-1
I'J
111
11
12
13
14
15lo
1617
19
^:3
24
2o27
2723
29
30
31
32
3436
39
44
47
5'J
57
II
A-1
13
14
15
It.
IS
19
242425
.'5
26
27
30
3.
3^
38
43
4b
33
II
A-1
11
12
13
1.,
1'
19
20
20
21
2,'
23
23
25
30
32
3b
41
II
IV
1
11
11
12
13
14
15
16
17
17
18
19
2026
2828
29
29
30
31
33
343633
47
50
53
bl
II
IV
1
12
12
13
14
II
18
19
20
21
22
242425
252627
28
29
30
32
34
38
43
46
49
57
63
10
10
II.
12
lb
17
19
20
21
21
2323
24
25
2931
33
37
42
5o
(Continued* on following page)
August 1966 123
.CUMULATIVE TABLE OF CONTENTS.
September 1965 through August 1966 - (Continued)
Issue and page Dumber
1965
Sept. Oct. Nov. Dec.
1966
Feb. Mar Apr. Kay June July
United States savings bonds :
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combinedSales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bondsSales and redemptions by denominations, Series E and H combined...Sales by States, Series E and H combined
Ownership of Federal securities ;
Distribution by classes of investors and types of issuesNet market purchases or sales for investment accounts handled by
the TreasuryEstimated ownership
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and othersOwnership by commercial banks classified by membership in Federal
Reserve Slystem (latest date June 30, 1966)
Market quotations:End-of-month closing quotations on Treasury securities by issues .
.
Chart - Yields of Treasury securities
Average .yields of long-term bonds:
Average yields of Treasury and corporate bonds by periodsChart - Average yields of Treasury and corporate bonds
Monetary statistics:
Money in circulationMonetary stocks of gold and silverGold assets and liabilities of the TreasuryComponents of silver monetary stock
Exchange Stabilization Fund (latest date March 31. 1966) :
Balance sheetU. S. stabilization agreementsIncome and eJfpense
National bank reports;Earnings, expenses, and dividends for calendar years 1961-65
International financial statistics:U.S. gold stock, and holdings of convertible foreign currenciesby U.S. monetary aixthorities
U.S. Treasury nonraarltetable notes and bonds issued to officialinstitutions of foreign countries
U.S. monetary gold transactions (net)Estimated gold reserves and dollar holdings of foreign countriesand international institutionsLiabilities to foreign official institutions and international andregional organizations
Capital movements between the United States and foreign countries;Summary by periods beginning 19^6Summary by countries and periodsShort-term banking liabilities to foreigners, latest monthShort-term banking claims on foreigners, latest monthLong-term banking liabilities to and claims on foreigners,latest monthPurchases and sales of long-term securities by foreigners,latest month
Short-term liabilities reported by nonbanking concernsShort-term claims reported by nonbanking concernsLong-terra liabilities reported by nonbanking concernsLong-term claims reported by nonbanking concernsForeign credit and debit balances in brokerage accountsShort-term liabilities, countries and areas not regularly reportedPurchases and sales of long-term securities by foreigners duringcalendar year 1965
Foreign currencies acquired by the United States without purchasewith dollars:Transactions and balances in Treasury accountsTransactions and balances in agency accounts
Corporations and certain other business-type activities;Statements of financial condition (latest date March 31, 1966)....Income and expense (latest date December 31, 1965)Source and application of funds (latest date December 31, 1965)...
61
61
62
64
65
6566
67
7173
7i75
767777
78
79
79
80
81
82
Si.
87
9697
98
99100
101
103104
105
59
5960
62
b3
63
6i
69
71
72
73
7475
7576
79
7980
81
82
84
87
9697
98
99100
101
103104
64646567
69
6970
7577
787q
80
81
81
82
83
84
85
86
91100
101
102
103
104105107110113114
115
117
117
119
61
61
62
64
65
6566
67
71
73
7677
77
78
79
7980
81
82
8487
9697
99100101
103106109110
111
60
6061
63
64
70
72
73
74
75767677
7870
80
81
9793
99
100
101
102104107
110111
112
65
656668
6970
71
7172
73
77
81
S3
8485
87
87
89
90
91
92
9497106107
108
109110111
113
114115116
117
66
6667
69
70
7071
7678
7980
23
22
81
82
81
84
86
89
9899
100
101
102
103
105
106107108
109
b4
64
65
67
68
6869
70
7476
7778
21
20
7980
30
81
81
82
83
84
9899
100
101102
103
105106107108
109
110
110
707071
7374
75
7576
77
81
83
84
85
27
26
86
8687
91
94103
104
105
106107108110
111112
113
114
666667
69
7071
72
7678
7930
23
22
32
33
84
85
87
90
99
100
101
102
103
104106
107
108
109
110
6565
6668
69
6970
71
7577
7879
22
21
80
81
81
82
83
84
85
87
90
99100
101
102
103104106107108109
110
113
135
116
137
Treas.HJ10.kl
1966C.2
U.S. Treasury Dept,
Treasury Bulletin
n
^OUNP^